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EVENT DETAILS
2021/04/23
CILTHK Webinar: What moves Hong Kong’s train ridership and passenger welfare?


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.
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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!
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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

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[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       


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