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Vertical and Horizontal Separation in the European Railway Sector: Effects on Productivity

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Author Info

  • Cantos Sánchez Pedro

    () (UNIVERSITY OF VALENCIA INSTITUTO VALENCIANO DE INVESTIGACIONES ECONÓMICAS (Ivie))

  • Pastor Monsálvez José Manuel

    () (UNIVERSITY OF VALENCIA INSTITUTO VALENCIANO DE INVESTIGACIONES ECONÓMICAS (Ivie))

  • Serrano Martínez Lorenzo

    () (UNIVERSITY OF VALENCIA INSTITUTO VALENCIANO DE INVESTIGACIONES ECONÓMICAS (Ivie))

Abstract

The processes of vertical and horizontal separation within the railway sector are relatively recent in many European countries, and, as a result, little analytical research has been carried out on their impact. The purpose of this working paper is to analyze the effects of these organizational reforms on efficiency, productivity and technical change in 16 national railway systems in Europe over the period 1985-2004. Results indicate that in general, the reforms appear to have been beneficial, although evidence of significantly higher efficiency levels and greater productivity growth is only found in countries that have completed both vertical and horizontal separation processes.

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File URL: http://www.fbbva.es/TLFU/tlfu/ing/areas/econosoc/publicaciones/documentos/fichadoc/index.jsp?codigo=376
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Bibliographic Info

Paper provided by Fundacion BBVA / BBVA Foundation in its series Working Papers with number 201065.

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Length: 46
Date of creation: Dec 2008
Date of revision:
Handle: RePEc:fbb:wpaper:201065

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Keywords: Railways; vertical and horizontal separation; productivity; efficiency.;

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Cited by:
  1. Pittman, Russell, 2011. "Risk-averse restructuring of freight railways in China," Utilities Policy, Elsevier, vol. 19(3), pages 152-160.

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