A Study of the value of local bus services to society – Task III Technical Report: Econometric Analysis
The document is a technical report on the economic analysis conducted in Task III of a study on the value of local bus services to society. The report presents the results of the econometric analysis, which aims to measure the impact of changes in bus service provision on various socioeconomic outcomes such as employment, income, and social inclusion. The analysis is based on data from 38 local authorities in the UK and covers the period from 2007 to 2014. The results indicate that improvements in local bus services are associated with positive socioeconomic impacts, including increased employment rates and income levels, as well as greater social inclusion. The report suggests that investing in local bus services can bring significant economic and social benefits to communities.