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Forecasting demand for high speed rail
KTH.
2012 (English)Report (Other academic)
Abstract [en]

It is sometimes argued that standard state-of-practice logit based models cannot forecast the demand for substantially reduced travel times, for instance due to High Speed Rail (HSR). The present paper investigates this issue by reviewing travel time elasticities for long-distance rail travel in the literature and comparing these with elasticities observed when new HSR lines have opened. This paper also validates the Swedish official long-distance model and its forecasted demand for a proposed new HSR track, using aggregate data revealing how the air-rail modal split varies with the difference in generalized travel time between rail and air. The official linear-in-parameters long-distance model is also compared to a model applying Box-Cox transformations. The paper contributes to the empirical literature on long-distance travel, long-distance elasticities and HSR passenger demand forecasts. Results indicate that the Swedish state-of-practice model, and similar models, is indeed able to predict the demand for a HSR reasonably well. The non-linear model, however, has better model fit and slightly higher elasticities.

Place, publisher, year, edition, pages
Stockholm: Centre for Transport Studies Stockholm, Swedish National Road & Transport Research Institute (VTI), KTH Royal Institute of Technology, S-WoPEc, Scandinavian Working Papers in Economics , 2012. , 19 p.
Series
CTS Working Paper, 2012:12
Keyword [en]
High speed, Train, Journey time, Demand (econ), Forecast, Modal split, Air transport, Rail bound transport, Cost
National Category
Transport Systems and Logistics
Research subject
Railway: General works, surveys, comprehensive works, Railway: Passenger transport
Identifiers
URN: urn:nbn:se:vti:diva-666OAI: oai:DiVA.org:vti-666DiVA: diva2:669361
Available from: 2013-12-03 Created: 2013-12-03 Last updated: 2014-03-17Bibliographically approved

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Transport Systems and Logistics

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf