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Railway (De)Regulation: A European Efficiency Comparison

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Author Info
Friebel, Guido
Ivaldi, Marc
Vibes, Catherine

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Abstract

Many European countries have sought to increase the efficiency of national railroad companies through a range of reforms: separating infrastructure and operations, creating independent regulatory institutions and providing access to the network to third parties. To estimate the effects of reforms on railroad efficiency, we investigate a new World Bank panel dataset that covers many EU countries over a period of 20 years. We compare the passenger traffic efficiency of national railroad companies by means of a production frontier model and evaluate the effects of reforms on efficiency. We find that reforms have efficiency-increasing effects but that the effect of reforms depends on sequencing: the introduction of multiple reforms in a package has at best neutral effects, but sequential reforms improve efficiency. Using the LISREL technique, we find that our results are robust against potential problems of endogeneity.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 4319.

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Date of creation: Mar 2004
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Handle: RePEc:cpr:ceprdp:4319

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Related research
Keywords: L92; network industries; panel data analysis; passenger and freight traffic; production frontier;

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Find related papers by JEL classification:
C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Ng, Charles K & Seabright, Paul, 2001. "Competition, Privatisation and Productive Efficiency: Evidence from the Airline Industry," Economic Journal, Royal Economic Society, vol. 111(473), pages 591-619, July. [Downloadable!] (restricted)
  2. Coelli, Tim & Perelman, Sergio, 1999. "A comparison of parametric and non-parametric distance functions: With application to European railways," European Journal of Operational Research, Elsevier, vol. 117(2), pages 326-339, September. [Downloadable!] (restricted)
  3. Gathon, H. -J. & Pestieau, P., 1995. "Decomposing efficiency into its managerial and its regulatory components: The case of European railways," European Journal of Operational Research, Elsevier, vol. 80(3), pages 500-507, February. [Downloadable!] (restricted)
  4. Nicoletti, Giuseppe & Scarpetta, Stefano, 2003. "Regulation, productivity, and growth : OECD evidence," Policy Research Working Paper Series 2944, The World Bank. [Downloadable!]
    Other versions:
  5. Pedro Cantos & José Pastor & Lorenzo Serrano, 1999. "Productivity, efficiency and technical change in the European railways: A non-parametric approach," Transportation, Springer, vol. 26(4), pages 337-357, November. [Downloadable!] (restricted)
  6. Vickers, John, 1995. "Competition and Regulation in Vertically Related Markets," Review of Economic Studies, Blackwell Publishing, vol. 62(1), pages 1-17, January. [Downloadable!] (restricted)
  7. Ivaldi, Marc & Monier-Dilhan, Sylvette & Simioni, Michel, 1995. "Stochastic production frontiers and panel data: A latent variable framework," European Journal of Operational Research, Elsevier, vol. 80(3), pages 534-547, February. [Downloadable!] (restricted)
  8. Cowie, Jonathan & Riddington, Geoff, 1996. "Measuring the Efficiency of European Railways," Applied Economics, Taylor and Francis Journals, vol. 28(8), pages 1027-35, August. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Christian Growitsch & Heike Wetzel, 2006. "Economies of Scope in European Railways: An Efficiency Analysis," IWH Discussion Papers 5-06, Halle Institute for Economic Research. [Downloadable!]
  2. Antonio Couto & Daniel Graham, 2008. "The contributions of technical and allocative efficiency to the economic performance of European railways," Portuguese Economic Journal, Springer, vol. 7(2), pages 125-153, August. [Downloadable!] (restricted)
  3. Gertjan Driessen & Mark Lijesen & Machiel Mulder, 2006. "The impact of competition on productive efficiency in European railways," CPB Discussion Papers 71, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
  4. Mette Asmild & Torben Holvad & Jens Leth Hougaard & Dorte Kronborg, 2008. "Railway reforms: Do they influence operating efficiency?," Discussion Papers 08-05, University of Copenhagen. Department of Economics. [Downloadable!]
    Other versions:
  5. Russell Pittman & Sergei Guriev & Guido Friebel & Anna Tomova & Elizaveta Cheviakhova, 2005. "Railroad Restructuring in Russia and Central and Eastern Europe: One Solution for All Problems?," Industrial Organization 0504021, EconWPA. [Downloadable!]
  6. 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. [Downloadable!] (restricted)
  7. Estache, Antonio & Serebrisky, Tomas, 2004. "Where do we stand on transport infrastructure deregulation and public-private partnership?," Policy Research Working Paper Series 3356, The World Bank. [Downloadable!]
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