TITLE:
Transport Choice and the Long-Term Effects of the Financial Crisis in a Large Metropolis: Survey Evidence from Athens, Greece
AUTHORS:
Despoina Nimorakiotaki, Konstantinos Christopoulos, Evangelos Sambracos
KEYWORDS:
Discrete Choice Models, Financial Crisis, Sustainable Transport, Transport Policy, Urban Transportation
JOURNAL NAME:
Theoretical Economics Letters,
Vol.15 No.1,
February
5,
2025
ABSTRACT: Financial crises present a threat and an opportunity for transport policymakers. Their potential to alter transport behaviour and choices can lead to mutual benefits for the commuter, society, and the environment. In our study, we explore how demographic, socio-economic and other transport-related determinants create shifts in transport mode change and choice, in the presence of a long-lasting economic recession. To do so, we analyse survey data collected from the Athens metropolitan area in 2016 with use of discrete choice logit models. The results show that public transport coverage plays the most important role when it comes to changing mode of transport, while the choice of transport is mainly affected by car ownership, gender, age and income of individuals.