nep-tre 2012-12-10 papers

on Transport Economics

Issue of 2012‒12‒10
one paper chosen by
Erik Teodoor Verhoef
VU University Amsterdam

Border zone mass transit demand in Brownsville and Laredo By Fullerton, Thomas M., Jr.; Walke, Adam G.

Border zone mass transit demand in Brownsville and Laredo

By:	Fullerton, Thomas M., Jr.; Walke, Adam G.
Abstract:	This study examines whether economic conditions in Mexico influence public transportation ridership levels in the border cities of Brownsville and Laredo, Texas. Besides the standard variables generally utilized to model bus ridership, additional indicators included in the empirical analysis are northbound pedestrian traffic and the real exchange rate index. Seemingly unrelated regression parameter estimates suggest that the volume of pedestrian border crossings in both cities is positively related to changes in ridership. The real exchange rate index in Laredo is negatively related to fluctuations in ridership, implying that peso appreciation increases transit utilization in this border city.
Keywords:	Municipal Transit Demand; Border Economics; Applied Econometrics
JEL:	R15 R41
Date:	2012–08–11
URL:	http://d.repec.org/n?u=RePEc:pra:mprapa:42990&r=tre

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