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Risk-averse restructuring of freight railways in China

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  • Pittman, Russell

Abstract

The Chinese freight railways system has been under capacity pressure and apparently acting as a constraint on continued economic growth for several years now. Earlier government consideration of serious structural reforms has given way to an emphasis on a dramatic expansion of the track network, most conspicuously by construction of high-speed passenger lines to free capacity for freight trains. A good deal of uncertainty remains as to both whether there will be sufficient track capacity to handle the increased volumes of coal and containers necessary for continued growth, and whether the desired private investment funds will be forthcoming so long as the system remains under tight government control.

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Bibliographic Info

Article provided by Elsevier in its journal Utilities Policy.

Volume (Year): 19 (2011)
Issue (Month): 3 ()
Pages: 152-160

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Handle: RePEc:eee:juipol:v:19:y:2011:i:3:p:152-160

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Web page: http://www.elsevier.com/locate/inca/30478

Related research

Keywords: Railways; Restructuring; China; Coal; Containers;

References

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  1. Pittman Russell, 2005. "Structural Separation to Create Competition? The Case of Freight Railways," Review of Network Economics, De Gruyter, vol. 4(3), pages 1-16, September.
  2. Antonio Estache & Andrea Goldstein & Russell Pittman, 2001. "Privatization and Regulatory Reform in Brazil: The Case of Freight Railways," Journal of Industry, Competition and Trade, Springer, vol. 1(2), pages 203-235, June.
  3. Ivaldi Marc & Mccullough Gerard, 2008. "Subadditivity Tests for Network Separation with an Application to U.S. Railroads," Review of Network Economics, De Gruyter, vol. 7(1), pages 1-13, March.
  4. Russell Pittman, 2003. "Vertical Restructuring (or Not) of the Infrastructure Sectors of Transition Economies," Journal of Industry, Competition and Trade, Springer, vol. 3(1), pages 5-26, March.
  5. Brambilla, Irene, 2009. "Multinationals, technology, and the introduction of varieties of goods," Journal of International Economics, Elsevier, vol. 79(1), pages 89-101, September.
  6. Slack, Brian & Vogt, Alexander, 2007. "Challenges confronting new traction providers of rail freight in Germany," Transport Policy, Elsevier, vol. 14(5), pages 399-409, September.
  7. Russell Pittman & Vanessa Yanhua Zhang, 2010. "Electricity Restructuring In China: How Competitive Will Generation Markets Be?," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(02), pages 377-400.
  8. Christian Growitsch & Heike Wetzel, 2006. "Economies of Scope in European Railways: An Efficiency Analysis," Working Paper Series in Economics 29, University of Lüneburg, Institute of Economics.
  9. Nick Wills-Johnson, 2008. "Separability and Subadditivity in Australian Railways," The Economic Record, The Economic Society of Australia, vol. 84(264), pages 95-108, 03.
  10. Oecd, 2006. "Structural Reform in the Rail Industry," OECD Journal: Competition Law and Policy, OECD Publishing, vol. 8(2), pages 67-175.
  11. Ivaldi, M. & McCullough, G., 1999. "Density and Integration Effects on Class I U.S. Freight Railroads," Papers 99.526, Toulouse - GREMAQ.
  12. Russell Pittman, 2007. "Make or buy on the Russian railway? Coase, Williamson, and Tsar Nicholas II," Economic Change and Restructuring, Springer, vol. 40(3), pages 207-221, September.
  13. Russell Pittman, 2004. "Chinese Railway Reform and Competition: Lessons from the Experience in Other Countries," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 38(2), pages 309-332, May.
  14. Nakil Sung & Yong-Hun Lee, 2002. "Substitution between Mobile and Fixed Telephones in Korea," Review of Industrial Organization, Springer, vol. 20(4), pages 367-374, June.
  15. Ruhe Xie & Haibo Chen & Chris Nash, 2002. "Migration of railway freight transport from command economy to market economy: The case of China," Transport Reviews, Taylor & Francis Journals, vol. 22(2), pages 159-177, January.
  16. Pittman, Russell W, 1990. "Railroads and Competition: The Santa Fe/Southern Pacific Merger Proposal," Journal of Industrial Economics, Wiley Blackwell, vol. 39(1), pages 25-46, September.
  17. Antonio Couto & Daniel Graham, 2009. "The determinants of efficiency and productivity in European railways," Applied Economics, Taylor & Francis Journals, vol. 41(22), pages 2827-2851.
  18. Rong, Zhang & Bouf, Dominique, 2005. "How can competition be introduced into Chinese railways?," Transport Policy, Elsevier, vol. 12(4), pages 345-352, July.
  19. Cantos Sánchez Pedro & Pastor Monsálvez José Manuel & Serrano Martínez Lorenzo, 2008. "Vertical and Horizontal Separation in the European Railway Sector: Effects on Productivity," Working Papers 201065, Fundacion BBVA / BBVA Foundation.
  20. Russell Pittman, 2009. "Competition Issues in Restructuring Ports and Railways, Including Brief Consideration of these Sectors in India," EAG Discussions Papers 200906, Department of Justice, Antitrust Division.
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Cited by:
  1. Liu, Wen & Lund, Henrik & Mathiesen, Brian Vad, 2013. "Modelling the transport system in China and evaluating the current strategies towards the sustainable transport development," Energy Policy, Elsevier, vol. 58(C), pages 347-357.

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