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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