Cost structure and productivity growth in European railway systems
AbstractThe purpose of this paper is threefold: first, to empirically investigate the coststructure of the railway systems in ten European Countries (Belgium, Denmark, France, Germany, Greece, Italy, Luxembourg, the Netherlands, Portugal and the United Kingdom) of the European Union, second to provide measures of economies (diseconomies) of scale and fully investigate the manner by which economies of scale have affected the cost structure of the system and have been affected by the growth in input prices and technology, and third, to measure economic efficiency and identify its sources. In achieving this purpose, the translog technology has been used and the translog model was estimated using time-series data covering the period 1969-1993. Zellner's iterative method was used in estimating the translog model.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 30 (1998)
Issue (Month): 12 ()
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Other versions of this item:
- Andrikopoulos, A.A. & Loizides, J., 1997. "Cost Structure and Productivity Growth in European Railway System," DEOS Working Papers 97-03, Athens University of Economics and Business.
- Andrikopoulos, A.A. & Loizides, J., 1997. "Cost Structure and Productivity Growth in European Railway System," Athens University of Economics and Business 97-03, Athens University of Economics and Business, Department of International and European Economic Studies.
- L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General
- L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
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- Luisa Affuso & Alvaro Angeriz & Michael Pollitt, 2009. "The Impact of Privatisation on the Efficiency of Train Operation in Britain," Working Papers 28, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
- Ana Rodríguez Álvarez & Víctor Fernández Blanco & José Baños Pino, 2005. "El efecto de la regulación sobre la eficiencia productiva: una aplicación a las compañías ferroviarias europeas," Investigaciones Economicas, Fundación SEPI, vol. 29(2), pages 351-378, May.
- Andrew Smith & Phill Wheat, 2012. "Estimation of cost inefficiency in panel data models with firm specific and sub-company specific effects," Journal of Productivity Analysis, Springer, vol. 37(1), pages 27-40, February.
- Heike Wetzel, 2008. "Productivity Growth in European Railways: Technological Progress,Efficiency Change and Scale Effects," Working Paper Series in Economics 101, University of Lüneburg, Institute of Economics.
- Dimitris Christopoulos & John Loizides & Efthymios G. Tsionas, 2001. "Efficiency in European railways: Not as inefficient as one might think," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 63-88, May.
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