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Article: Tunnel traffic and toll elasticities in Hong Kong: Some recent evidence for international comparisons

TitleTunnel traffic and toll elasticities in Hong Kong: Some recent evidence for international comparisons
Authors
Issue Date2003
PublisherPion Ltd. The Journal's web site is located at http://www.envplan.com
Citation
Environment And Planning A, 2003, v. 35 n. 2, p. 249-276 How to Cite?
AbstractIn this paper, a set of double-log multiple regression models is developed to examine the monthly tunnel traffic of six major toll tunnels in Hong Kong for a 22-year period from January 1979 to September 2000. Despite the much lower percentage of households with cars (12.3%) and the higher dependence of passenger trips on public transport (80.2%), the estimated automobile elasticities in Hong Kong are remarkably similar to those reported in New York, where car ownership is high and the automobile is the dominant mode of transport. The empirical elasticity range in Hong Kong is from -0.103 to -0.291. This is similar to estimates for the United States (-0.13 to -0.45), the United Kingdom (-0.14 to -0.36), and Australia (-0.09 to -0.52). The findings suggest that toll increases are likely to be effective in raising revenue for tunnel management authorities but ineffective in reducing or reallocating automobile traffic for transport planning purposes. Policywise, suburbanization or the redistribution of population could have a much stronger influence on the urban transport market than a 'multifaceted pricing' strategy of raising the total costs of vehicle ownership and usage (including high vehicle-registration fees, parking, and gasoline prices). Moreover, improvements to railway connectivity and enhancement of travel speed on public transit could be much more effective than toll increases in relieving urban transport congestion problems at critical bottlenecks, such as downtown and suburb-downtown tunnels and bridges. The inclusion of lagged effects into the analysis further strengthens the above policy recommendations.
Persistent Identifierhttp://hdl.handle.net/10722/86313
ISSN
2015 Impact Factor: 1.46
2015 SCImago Journal Rankings: 1.460
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLoo, BPYen_HK
dc.date.accessioned2010-09-06T09:15:20Z-
dc.date.available2010-09-06T09:15:20Z-
dc.date.issued2003en_HK
dc.identifier.citationEnvironment And Planning A, 2003, v. 35 n. 2, p. 249-276en_HK
dc.identifier.issn0308-518Xen_HK
dc.identifier.urihttp://hdl.handle.net/10722/86313-
dc.description.abstractIn this paper, a set of double-log multiple regression models is developed to examine the monthly tunnel traffic of six major toll tunnels in Hong Kong for a 22-year period from January 1979 to September 2000. Despite the much lower percentage of households with cars (12.3%) and the higher dependence of passenger trips on public transport (80.2%), the estimated automobile elasticities in Hong Kong are remarkably similar to those reported in New York, where car ownership is high and the automobile is the dominant mode of transport. The empirical elasticity range in Hong Kong is from -0.103 to -0.291. This is similar to estimates for the United States (-0.13 to -0.45), the United Kingdom (-0.14 to -0.36), and Australia (-0.09 to -0.52). The findings suggest that toll increases are likely to be effective in raising revenue for tunnel management authorities but ineffective in reducing or reallocating automobile traffic for transport planning purposes. Policywise, suburbanization or the redistribution of population could have a much stronger influence on the urban transport market than a 'multifaceted pricing' strategy of raising the total costs of vehicle ownership and usage (including high vehicle-registration fees, parking, and gasoline prices). Moreover, improvements to railway connectivity and enhancement of travel speed on public transit could be much more effective than toll increases in relieving urban transport congestion problems at critical bottlenecks, such as downtown and suburb-downtown tunnels and bridges. The inclusion of lagged effects into the analysis further strengthens the above policy recommendations.en_HK
dc.languageengen_HK
dc.publisherPion Ltd. The Journal's web site is located at http://www.envplan.comen_HK
dc.relation.ispartofEnvironment and Planning Aen_HK
dc.titleTunnel traffic and toll elasticities in Hong Kong: Some recent evidence for international comparisonsen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0308-518X&volume=35&issue=2&spage=249&epage=276&date=2003&atitle=Tunnel+Traffic+and+Toll+Elasticities+in+Hong+Kong:+Some+Recent+Evidence+for+International+Comparisonsen_HK
dc.identifier.emailLoo, BPY:bpyloo@hku.hken_HK
dc.identifier.authorityLoo, BPY=rp00608en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1068/a3590en_HK
dc.identifier.scopuseid_2-s2.0-0037300474en_HK
dc.identifier.hkuros81608en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0037300474&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume35en_HK
dc.identifier.issue2en_HK
dc.identifier.spage249en_HK
dc.identifier.epage276en_HK
dc.identifier.isiWOS:000181692300005-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLoo, BPY=7005145560en_HK

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