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Regional diffusion and adoption effects on HSR demand expansion




                       accessibility to HSR station close to city center have a strong Adoption Effects. Instead, the higher
                   the supply of road network, the lower the value of Adoption Effects. This illustrates that cars are
                   the competitive transport mode of high-speed railway in Taiwan due to country size. Among the
                   explanatory variables, the variable which has the greatest influence on Adoption Effects is aging.
                   The proportion of the elderly population has a negative impact on the level of Adoption Effects.

                                                   Table 3. Model estimation results






























                   In  addition,  the  estimated  dummy  variable’s  coefficients  show  that  temporal  changes  after
                   THSR  opening  also  influenced  on  Adoption  Effects  positively. Figure 6 could be interpreted
                   that Adoption Effects increases gradually as time goes. However, this is not likely to last, as
                   according  to  diffusion  theory,  at  some  point  we  would  expect  a  decrease.  This  result  also
                   supports our hypothesis for defining of Adoption Effects as the latent impact for increasing a
                                                                                                                1
                   long-term demand since HSR operation starts. When we see the changes in exponential function
                   of dummy coefficients, there was a sharp increase in 2011 (after 4 years from opening). This
                   remains at similar levels until 2013, but decreases from 2014. This, in turn, implies that the
                   effect of temporal changes on Adoption Effects can be weaker over time. Therefore, in order
                   to maintain a high level of Adoption Effects for securing long term sustainable HSR ridership
                   as well as a high level of continuous demand growth, it may be necessary to pursue additional
                   policy strategies considering the factors which are considered in our estimated model.



















                                              Fig. 6 Impacts of temporal change on Adoption Effects

                   1    In the estimated model, the dependent variable is Log(Adoption Effects).

                   International Congress on High-speed Rail: Technologies and Long Term Impacts - Ciudad Real (Spain) - 25th anniversary Madrid-Sevilla corridor  319
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