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.

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

[NoteFor 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.

Document NameSizeDescription
Flyer_CILTHK_Webinar_20210423.pdf    493.2 KB