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1999•World Transport Research: Selected Proceedings of the 8th World Conference on Transport ResearchWorld Conference on Transport Research SocietyRequires access

RAILWAY INTER-CITY PASSENGER TRANSPORT IN SPAIN: A COINTEGRATION ANALYSIS

P Cotto-Millan, José Baños-Pino, Inglada

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Abstract

In this study, we present a theoretical model for the railway interurban passenger transport demands in Spain. Quarterly data are used for the 1980.I-1992.IV period, and several equations are estimated for the different models of transport: railway (Talgo) and long distance (sleeping car, berths and seated transport). Conintegration techniques, which are subject to a wide range of tests, are used to obtain short- and long-run equations. Moreover, we obtain the product, price and cross elasticities of each mode of transport. These estimations may be used to analyze the effects of transport tariffs on income changes, as well as to predict short- and long-run traffics.

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What this paper is about

In this study, we present a theoretical model for the railway interurban passenger transport demands in Spain. Quarterly data are used for the 1980.I-1992.IV period, and several equations are estimated for the different models of transport: railway (Talgo) and long distance (sleeping car, berths and seated transport). Conintegration techniques, which are subject to a wide range of tests, are used to obtain short- and long-run equations. Moreover, we obtain the product, price and cross elasticities of each mode of transport. These estimations may be used to analyze the effects of transport tariffs on income changes, as well as to predict short- and long-run traffics.

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Available abstract

In this study, we present a theoretical model for the railway interurban passenger transport demands in Spain. Quarterly data are used for the 1980.I-1992.IV period, and several equations are estimated for the different models of transport: railway (Talgo) and long distance (sleeping car, berths and seated transport). Conintegration techniques, which are subject to a wide range of tests, are used to obtain short- and long-run equations. Moreover, we obtain the product, price and cross elasticities of each mode of transport. These estimations may be used to analyze the effects of transport tariffs on income changes, as well as to predict short- and long-run traffics.

Key concepts: Interurban, Cointegration, Passenger transport, Econometrics, Range (aeronautics), Mode of transport, Public transport, Product (mathematics)

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