How public transport modes availability affects the Commuting Cost and house rent of tenant’s households in Rawalpindi and Islamabad

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Abstract/Description

Public Transport (PT) modes’ availability is a key factor in the decision making of peoples’ residential location choice, which derives the mobility decisions and associated cost for commuting and housing. Availability of several public transport modes ensures smooth commuting for the household with greater affordability. However, the access to the urban amenities in term of access to the PT also effect the rent profile of tenants’ household. Keeping in view this trade-off, this study analyses the influence of availability of several public transport modes on commuting cost and house rent for tenant’s households in Rawalpindi and Islamabad. We collect data from the tenants of twin cities using a structured questionnaire survey. We particularly focus on the tenants' households because the decision-making process of tenants and owners varies, as the tenants do not take into account the future aspects of property value. We have applied the Tobit model to analyze the effect of availability of many public transport modes on commuting cost and house rent for overall sample and city level for tenants of twin cities. Results show that, due to the availability of transport, in the form of the diverse choice of frequent and affordable public transport, the commuting cost is significantly reduced for both cities. Moreover, rent positively associated with the accessibility of more frequent and affordable transport modes. Furthermore, on city level, in Rawalpindi rent is more influenced by the public transport choices available in the areas as compared to Islamabad.

Session Theme

Tourism, Culture and Economic Growth - Session IIB

Session Type

Parallel Technical Session

Session Chair

Dr. Sahar Nadeem, Chairperson, Department of Social Sciences & Liberal Arts, Institute of Business Administration, Karachi

Session Discussant

Dr. Qaiser Munir, Professor, Institute of Business Administration, Karachi

Start Date

3-4-2021 2:30 PM

End Date

3-4-2021 4:00 PM

Comments

  • Abid Rehman, Department of Economics, National University of Sciences and Technology and Department of Land Economy, University of Cambridge, UK
  • Faisal Jamil, Department of Economics, National University of Sciences and Technology
  • Elisabete A. Silva, Department of Land Economy, University of Cambridge, UK

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Apr 3rd, 2:30 PM Apr 3rd, 4:00 PM

How public transport modes availability affects the Commuting Cost and house rent of tenant’s households in Rawalpindi and Islamabad

Public Transport (PT) modes’ availability is a key factor in the decision making of peoples’ residential location choice, which derives the mobility decisions and associated cost for commuting and housing. Availability of several public transport modes ensures smooth commuting for the household with greater affordability. However, the access to the urban amenities in term of access to the PT also effect the rent profile of tenants’ household. Keeping in view this trade-off, this study analyses the influence of availability of several public transport modes on commuting cost and house rent for tenant’s households in Rawalpindi and Islamabad. We collect data from the tenants of twin cities using a structured questionnaire survey. We particularly focus on the tenants' households because the decision-making process of tenants and owners varies, as the tenants do not take into account the future aspects of property value. We have applied the Tobit model to analyze the effect of availability of many public transport modes on commuting cost and house rent for overall sample and city level for tenants of twin cities. Results show that, due to the availability of transport, in the form of the diverse choice of frequent and affordable public transport, the commuting cost is significantly reduced for both cities. Moreover, rent positively associated with the accessibility of more frequent and affordable transport modes. Furthermore, on city level, in Rawalpindi rent is more influenced by the public transport choices available in the areas as compared to Islamabad.