TWENTY YEARS OF INVESTMENT IN THE TRANSPORT SECTOR OF THE NETHERLANDS

TWINTIG JAAR INVESTERINGEN IN DE TRANSPORTSECTOR

The authors present the results of a statistical analysis of time series as to the fixed investments in the various sectors of commercial transport in the Netherlands for the years 1959-1978. A number of exogenous variables that could possibly explain the respective levels of fixed investment had at first been selected on the basis of economic theory and the availability of data. Then, these variables were applied to the estimation of linear regression models. Particularly for sectors predominantly operating in domestic markets, national income appeared to be an important explanatory variable as to the level of investment. This refers to public transport (by rail, tram, metro and bus) and goods transport by road. In this respect, also operating revenues often proved to be significant variables. This tends to the conclusion that in the respective domestic transport markets one can, broadly speaking, discern a pattern that is amenable to the acceleration-principle. For the sectors air transport, maritime transport and inland shipping the variables concerned (all of which relate to the national economy such as interest rates, inflation and population) did not satisfactorily contribute to the relationships under investigation. This is presumably due to operation in international markets and to the long economic life-times of the means of transport in question. Further research should be directed to these aspects. (Author/TRRL)

  • Corporate Authors:

    Netherlands Institute of Transport

    Polakweg 13
    2288 GG Rijswijk,   Netherlands 
  • Authors:
    • Wesseling, J
    • Eefting, J
    • Wolters, T J
  • Publication Date: 1984

Language

  • Dutch

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00389308
  • Record Type: Publication
  • Source Agency: Institute for Road Safety Research, SWOV
  • Files: ITRD, TRIS
  • Created Date: Oct 30 1984 12:00AM