Table 8.
Estimation results for the metro ridership in the two phases.
Variable |
Panel I: Beijing |
Panel II: Shanghai |
||||||
---|---|---|---|---|---|---|---|---|
Outbreak phase |
New normal phase |
Outbreak phase |
New normal phase |
|||||
Coef. | S.E. | Coef. | S.E. | Coef. | S.E. | Coef. | S.E. | |
Constant | −71.638*** | 13.866 | −106.065*** | 9.658 | −43.987** | 17.663 | −42.114*** | 6.834 |
COVID19cum14 | −0.076*** | 0.008 | −0.607*** | 0.081 | −0.102*** | 0.014 | −0.540*** | 0.144 |
COVID19im | n. a. | n. a. | −1.811** | 0.762 | n. a. | n. a. | n. a. | n. a. |
LevelI | −48.999*** | 2.801 | n. a. | n. a. | −54.399*** | 4.579 | n. a. | n. a. |
LevelII | −20.314*** | 2.734 | n. a. | n. a. | −36.385*** | 4.937 | n. a. | n. a. |
GDPd | 0.623*** | 0.166 | 0.868*** | 0.090 | 0.407** | 0.191 | 0.333*** | 0.059 |
Temperature | −0.541*** | 0.140 | −0.359*** | 0.050 | n. a. | n. a. | −0.121** | 0.054 |
Precipitation | n. a. | n. a. | −0.151*** | 0.058 | n. a. | n. a. | −0.258*** | 0.030 |
Weekend | −10.914*** | 1.388 | −11.353*** | 1.031 | −11.418*** | 1.894 | −10.162*** | 0.910 |
AIC | 1325 | 3012 | 826 | 3500 | ||||
BIC | 1350 | 3045 | 845 | 3530 | ||||
Observation | 182 | 408 | 111 | 479 |
Note: ***, **, and * indicate statistical significance at the 1%, 5%, and 10% levels, respectively.