|
|
|
What moves Hong Kong's train ridership and passenger welfare?
Prof C.K Woo | Department of Asian and Policy Studies | EdUHK
Prof C.K Woo is one of the world's top 2% of
scientists in the field of energy; CILTHK is pleased to invite Prof Woo
to share with members and friends his research study on 'What moves Hong Kong's train ridership and passenger welfare?' in this webinar.
________________________________________________________________________________________
Abstract
Using monthly data on Mass Transit Railway
(MTR) from January 2000 - June 2020, we estimate a long-linear demand
regression to analyse Hong Kong's train ridership and passenger welfare
in connection with Covid-19, social unrest, and service suspension. Our
newly found empirics are:
(1) A 1% increase in monthly confirmed cases of Covid-19 infection tends to reduce MTR ridership by 0.09%;
(2) The estimated monthly benefit of an effective vaccination programme is HK$157.1 per capita (0.57% of income);
(3) Each violent protest during Hong Kong's recent anti-government movement tends to reduce monthly MTR ridership by 2.2%;
(4) The estimated welfare loss per month due to violent protests is HK$74.2 per capita (0.24% of income);
(5) The
estimated welfare loss due to systemwide service suspension caused by
violent protests in November 2019 is HK$144.1 per capita (0.46% of
income);
(6) A 1-hour systemwide service suspension tends to reduce monthly MTR ridership by 0.47%; and
(7) The estimated willingness to pay (WTP) for avoiding a 1-hour systemwide service suspension is ~HK$1.8 (~US$0.23) per capita, well below Chicago's estimated WTP of US$32
per rail user found by a 2019 contingent valuation
study.
Members and friends are welcomed to
join this sharing session. Come and join us for meeting fellow
professionals online! ________________________________________________________________________________________
Date: 23 April 2021 (Fri)
Time:
6:00-7:00pm (Registration starts at 5:30pm)
Venue: Online
with ZOOM
CPD: 40 points (for CILTHK members)
FREE
admission
Medium:
English
Enrolment Deadline: 20 April 2021 |
|
|
****************************************************************************************************************************** [Note: For CILTHK
members, please login your membership account by
clicking 'MEMBER LOGIN' on the upper right corner
of this page before registration. CPD record and e-CPD certificate will be
automatically generated on your account after the
event. |
|
|
|
|