@article{piterina2021effect,
  title = {The Effect of The Socio-Economic Characteristics of European States on HSR Fares: Existing Patterns for Rail Baltica},
  author = {Olga PITERINA},
  year = 2021,
  url = {https://ibimapublishing.com/articles/JESR/2021/824645/},
  journal = {Journal of Economics Studies and Research},
  volume = 2021,
  pages = 12,
  doi = 10.5171/2021.824645,
  abstract = {Rail Baltica (RB) is the first joint railway project between Latvia, Lithuania and Estonia. The economic assessment of the project is rather controversial due to the uncertainty of the revenue side of the project, which, among other things, significantly depends on the level of fare for passenger transportation along the new railway corridor. In this study, based on the grouping of European States with already operating HSRs, as well as, the States participating in the RB project, the author analyzes the impact of the economic environment’s aspects for project implementation on HSR fare for passenger long travel transportation.
The results of the correlation analysis, indicating different sets of influencing factors in the identified clusters, confirm the conclusions of the study that objectively existing differences in the level of socio-economic development of European States have a significant impact on the formation of the HSR fare. With regard to the forecast fare for passenger transportation along the RB's corridors, it was noted that it is completely unrelated to salaries in the region, which may make it impossible for the bulk of the population of the project region to use these HSR services.},
  keywords = {Correlation analysis; European High-Speed Railways; HSR fare; Rail Baltica.},
  note = Article ID: 824645
}