Importance of Financial Variables on Efficiency of Class I Railroads in the United States
AbstractThis study evaluates the consequences of financial variables on the efficiency of Class I railroads in the United States for the period 1996-2006. A panel stochastic frontier analysis is used to simultaneously estimate the stochastic frontier model and financial ratio model with output and efficiency measures as endogenous variables. Results show the average efficiency measures was 83 percent across six major class I railroads. The Burlington Northern-Santa Fe was most efficient and Norfolk Southern the least efficient for the period, 1996-2006.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas with number 6874.
Date of creation: 2008
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-12-14 (All new papers)
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