The Impact of Subsidies on the Regional Passenger Rail Transport

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F19%3A00112782" target="_blank" >RIV/00216224:14560/19:00112782 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Impact of Subsidies on the Regional Passenger Rail Transport

Popis výsledku v původním jazyce

The passenger rail transport is undergoing changes not only in the Czech Republic but also all over the European Union. Fear of the climate change, significant investments into the railway infrastructure and rolling stock and traffic jams have caused that the railway transport is becoming increasingly more popular. This phenomenon is seen in the long-distance and suburban transport. Nevertheless, the regional railway transport stands apart: the number of passengers decreases. Regions which are responsible for regional railway public services and which have to finance them seek to support them by purchasing new vehicles, establishing integrated regional transport systems or by setting lower fares. Is this effort reflected in the number of passengers? The aim of this paper is to identify whether the subsidy to the rolling stock purchase leads to the passenger growth in the regional railway transport. The methodology used is based on the fixed-effects model of the panel data and the analysis of descriptive statistics of variables. The results indicate that investments into the new rolling stock do not have a significant positive impact on the number of regional railway passengers. The regional railway transport is inferior goods whose demand decreases when consumer income rises. The regional railway transport and the long-distance transport are complementary goods. Investments in railway corridors can make regional transport more attractive.

Název v anglickém jazyce

The Impact of Subsidies on the Regional Passenger Rail Transport

Popis výsledku anglicky

The passenger rail transport is undergoing changes not only in the Czech Republic but also all over the European Union. Fear of the climate change, significant investments into the railway infrastructure and rolling stock and traffic jams have caused that the railway transport is becoming increasingly more popular. This phenomenon is seen in the long-distance and suburban transport. Nevertheless, the regional railway transport stands apart: the number of passengers decreases. Regions which are responsible for regional railway public services and which have to finance them seek to support them by purchasing new vehicles, establishing integrated regional transport systems or by setting lower fares. Is this effort reflected in the number of passengers? The aim of this paper is to identify whether the subsidy to the rolling stock purchase leads to the passenger growth in the regional railway transport. The methodology used is based on the fixed-effects model of the panel data and the analysis of descriptive statistics of variables. The results indicate that investments into the new rolling stock do not have a significant positive impact on the number of regional railway passengers. The regional railway transport is inferior goods whose demand decreases when consumer income rises. The regional railway transport and the long-distance transport are complementary goods. Investments in railway corridors can make regional transport more attractive.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

15th DOKBAT 2019 Conference Proceedings

ISBN

9788074548932

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

1045-1051

Název nakladatele

Faculty of Management and Economics Tomas Bata University in Zlín

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

1. 1. 2019

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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