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Railway (De)Regulation: A European Efficiency Comparison

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  • Friebel, Guido
  • Ivaldi, Marc
  • Vibes, Catherine

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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Bibliographic Info

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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References

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  1. Gathon, H.-J. & Pestieau, P., . "Decomposing efficiency into its managerial and its regulatory components: The case of European railways," CORE Discussion Papers RP -1133, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Nicoletti, Giuseppe & Scarpetta, Stefano, 2003. "Regulation, productivity, and growth : OECD evidence," Policy Research Working Paper Series 2944, The World Bank.
  3. Vickers, John, 1995. "Competition and Regulation in Vertically Related Markets," Review of Economic Studies, Wiley Blackwell, vol. 62(1), pages 1-17, January.
  4. 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.
  5. Stephen P. King, 1999. "Price Discrimination, Separation and Access: Protecting Competition or Protecting Competitors?," Australian Journal of Management, Australian School of Business, vol. 24(1), pages 21-35, June.
  6. 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.
  7. 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.
  8. 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.
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Citations

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Cited by:
  1. Pavlyuk, Dmitry, 2008. "An Efficiency Analysis of European Countries' Railways," MPRA Paper 20922, University Library of Munich, Germany.
  2. repec:fpb:wpaper:98 is not listed on IDEAS
  3. Beria, Paolo & Quinet, Emile & de Rus, Gines & Schulz, Carola, 2010. "A comparison of rail liberalisation levels across four European countries," MPRA Paper 29142, University Library of Munich, Germany.
  4. Christian Growitsch & Heike Wetzel, 2006. "Economies of Scope in European Railways: An Efficiency Analysis," IWH Discussion Papers 5, Halle Institute for Economic Research.
  5. 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.
  6. 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.
  7. 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.
  8. Antonio Estache & Tomas Serebrisky, 2004. "Where do We Stand on Transport Infrastructure Deregulation and Public-Private Partnerships?," ULB Institutional Repository 2013/44096, ULB -- Universite Libre de Bruxelles.
  9. Jan van der Linden, 2005. "Planning Paper 98 - Réforme de marché dans les industries de réseau en Belgique
    [Planning Paper 98 - Markthervorming in netwerkindustrieën in België]
    ," Planning Papers 98, Federal Planning Bureau, Belgium.
  10. 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.
  11. Thomas Ehrmann & Karl-Hans Hartwig & Torsten Marner & Hendrik Schmale, 2009. "Specific Investments and Ownership Structures in Railways – An Experimental Analysis," Working Papers 12, Institute of Transport Economics, University of Muenster.
  12. Lalive, Rafael & Schmutzler, Armin, 2005. "Competition for Railway Markets: The Case of Baden-Württemberg," CEPR Discussion Papers 5396, C.E.P.R. Discussion Papers.
  13. Gertjan Driessen & Mark Lijesen & Machiel Mulder, 2006. "The impact of competition on productive efficiency in European railways," CPB Discussion Paper 71, CPB Netherlands Bureau for Economic Policy Analysis.

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