1. Empirical Evidence of the Effect of Fare Subsidies in Transition Economies.
- Author
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Bočková, Nina
- Subjects
MOVING average process ,PUBLIC transit ,PASSENGER traffic ,STATISTICAL models ,INTERVENTION (Federal government) ,SUBSIDIES ,TRANSITION economies - Abstract
This paper examines the impact of two government measures in the Czech Republic and the Slovak Republic: the number of passengers transported by rail and the kilometers traveled. Eurostat data were used to develop an autoregressive integrated moving average (ARIMA) statistical model for capturing the time-series trend. The results confirm statistically significant differences in the Slovak Republic after introducing fare-free public transport (FFPT). Passenger-transport volumes increased by 449,000 quarterly; passenger-kilometer volumes increased by 23.2 million. A similar government intervention – in the Czech Republic – was statistically insignificant. Passenger-transport volumes increased by 1.17 million and passenger-kilometers increased by 42.9 million quarterly; but compensation to railway operators increased by 763%. [ABSTRACT FROM AUTHOR]
- Published
- 2023
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