An Efficiency Analysis of European Countries' Railways
AbstractThis study uses stochastic frontier analysis for estimating efficiencies of railways systems in European countries. We consider railways as a system which uses its infrastructure (length of lines worked, numbers of cars and wagons, staff strength) and a scale of market (number of habitants and tourists) for transporting passengers and freights. We estimate efficiencies of freight and passenger transportations separately on the base of different models. We use the database provided by International Union of Railways, which includes annual statistical data about biggest European railways companies from 1997 to 2006 to estimate model parameters. Railways systems show huge variations in technical efficiency between different countries and also between freight and passenger transportation within the same country. The study also contains the analysis of dependencies between calculated railways efficiency estimates and popular economic indicators.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 20922.
Date of creation: 24 Aug 2008
Date of revision:
stochastic frontier; efficiency; railway systems;
Find related papers by JEL classification:
- L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
- C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
- C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
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