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The improvements of public transportation and transportation technology have reduced the time spent on travelling. Thanks to the operations of the highway system in 1978, Taipei MRT in 1990, and Taiwan High-Speed Rail in 2007, Taiwan’s public transportation has changed the lifestyle of the Taiwanese, and promoted the prosperity of Taiwan’s economy. From the perspective of the economic cycle, this research studies the correlation between the Public Transport Patronage in Taiwan from 2000 to 2019 and the economic cycle. Evidence shows that: (1) the High-speed Rail and Taipei MRT patronages lag behind the peaks and lead the bottoms of the valley, showing its high growth tendency, and can be used as a leading indicator for detecting the market prosperity during the bottoms. However, the difference percentage of High-speed Rail patronage over the bottoms of the stock market is the highest; namely, it is the most affected over the downturns of the stock market. Passengers may switch to other long-distance transportation means because of the high costs of High-speed Rail under poor economic conditions. (2) Taiwan Railway and urban bus patronages lag behind peaks and lead the bottoms of the economy. However, the lead is short, and the difference percentage is not high, implying a small impact of the economic cycle and the stock market. The public transportation grows steadily over the peaks and bottoms of the economy. (3) The road transportation patronage falls before the peaks, and rises after the bottoms of the economy, indicating that the road transportation patronage is declining overtime, which can be used as a leading indicator for detecting the market prosperity during the peak
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