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Productivity and Deregulation in European Railways

Author

Listed:
  • Cantos Sánchez Pedro

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

  • Serrano Martínez Lorenzo

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

  • Pastor Monsálvez José Manuel

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

Abstract

A vast amount of literature is devoted to analyzing the effects of deregulating and restructuring measures in the European railway sector and the results are not totally unambiguous. The contribution of this paper to the existing literature is twofold. Firstly, we estimate efficiency levels derived from two alternative approaches: a non-parametric DEA analysis and a parametric stochastic frontier production. Using two different approaches allows us to test if the heterogeneous results obtained in the literature are due to the different approaches used to measure efficiency. Secondly, we update the sample introducing a data panel with information on 23 national rail systems, and covering data from 2001 to 2008. It is fundamental to use extended and updated data covering the more recent period and more countries, given that most deregulation measures have been implemented in the last few years.

Suggested Citation

  • Cantos Sánchez Pedro & Serrano Martínez Lorenzo & Pastor Monsálvez José Manuel, 2012. "Productivity and Deregulation in European Railways," Working Papers 2012124, Fundacion BBVA / BBVA Foundation.
    • Handle: RePEc:fbb:wpaper:2012124
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    Cited by:

    1. George Bogdan DRAGAN, 2014. "Optimal Industrial Organization As Knowledge Management Challenge On The Railway Sector," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 199-206.

    More about this item

    Keywords

    Efficiency; railways; regulation.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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