Identifying Short-Run and Long-Run Public Transport Demand Elasticities in Sydney<BR> A Pseudo Panel Approach

This paper applies a pseudo panel approach to analyse public transport demand and estimate short-run and long-run demand elasticities in Sydney. A dynamic Partial Adjustment Model is employed to capture the lagged adjustments of public transport users' travel behaviour, which differentiate long-run demand from short-run demand. The public transport demand model incorporates different drivers of demand determinants, including public transport price, the socio-economics of travellers, land use characteristics, and the level of public transport service. The impacts on public transport demand are presented in terms of short-run and long-run demand elasticities. © 2014 LSE and the University of Bath