Possible implications of the price, cross-price and income elasticities of the demand for public road transport in the Cape Metropolitan Area – A co-integration analysis

Possible implications of the price, cross-price and income elasticities of the demand for public road transport in the Cape Metropolitan Area – A co-integration analysis

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Article ID: iaor20022844
Country: South Africa
Volume: 25
Issue: 3
Start Page Number: 57
End Page Number: 73
Publication Date: Nov 2001
Journal: International Studies In Economics and Econometrics
Authors:
Keywords: transportation: road, urban affairs
Abstract:

This article provides an application of co-integration analysis within the context of public transport services in the Cape Metropolitan Area. The results of the study reveal the price, cross-price and income elasticity of demand for minibus taxi and public bus transport in the Cape Metropolitan Area. These empirically derived results have a number of implications for the present commuter transport subsidy system and the regulation of minibus taxis. Greater co-ordination between minibus taxi and public bus transport by means of a tender system is proposed.

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