Dynamic Distributions of Productivity Growth in European Railways
AbstractThis paper derives the exact distribution of productivity growth, using Monte Carlo simulation methods, and explores in detail how the productivity growth distribution shifts as a result of changes in input prices and output. In an empirical application to the cost structure of ten European railways, for about half the decision-making units in the sample, prices and output have not caused median productivity growth but other characteristics of the distribution. This casts some doubt on traditional approaches that simply focus on examining average productivity growth. © The London School of Economics and the University of Bath 2004
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Bibliographic InfoArticle provided by London School of Economics and University of Bath in its journal Journal of Transport Economics and Policy.
Volume (Year): 38 (2004)
Issue (Month): 1 (January)
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Web page: http://www.bath.ac.uk/e-journals/jtep
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- Tsionas, Efthymios G. & Baltas, Nicholas C. & Chionis, Dionysios P., 2011. "Rail infrastructure charging in Hellenic railways," Journal of Policy Modeling, Elsevier, vol. 33(3), pages 370-380, May.
- 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.
- Subal Kumbhakar & Luis Orea & Ana Rodríguez-Álvarez & Efthymios Tsionas, 2007. "Do we estimate an input or an output distance function? An application of the mixture approach to European railways," Journal of Productivity Analysis, Springer, vol. 27(2), pages 87-100, April.
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