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Efficiency in European railways: Not as inefficient as one might think

  • Dimitris Christopoulos

    ()

    (Panteion University, Athens, Greece)

  • John Loizides

    (Athens University of Economics and Business, Athens, Greece)

  • Efthymios G. Tsionas

    ()

    (Athens University of Economics and Business, Athens, Greece)

The paper studies technical inefficiency in the railway systems of ten countries of the European Union. A new approach is used which permits the disaggregation of inefficiency by factor of production to result in estimates of input-specific technical inefficiency. The cost structure is represented using a generalized McFadden flexible functional form. Policy implications and guidelines for rational decision making in the railway sector, are discussed in detail.

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Article provided by Universidad del CEMA in its journal Journal of Applied Economics.

Volume (Year): IV (2001)
Issue (Month): (May)
Pages: 63-88

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Handle: RePEc:cem:jaecon:v:4:y:2001:n:1:p:63-88
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  1. Andrikopoulos, A.A. & Loizides, J., 1997. "Cost Structure and Productivity Growth in European Railway System," DEOS Working Papers 97-03, Athens University of Economics and Business.
  2. David W. Gillen & Tae Hoon Oum, 1984. "A Study of the Cost Structures of the Canadian Intercity Motor Coach Industry," Canadian Journal of Economics, Canadian Economics Association, vol. 17(2), pages 369-85, May.
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  9. Kumbhakar, Subal C, 1989. "Estimation of Technical Efficiency Using Flexible Functional Form and Panel Data," Journal of Business & Economic Statistics, American Statistical Association, vol. 7(2), pages 253-58, April.
  10. Ann F. Friedlaender & Ernst R. Berndt & Judy Shaw-Er Wang Chiang & Mark Showalter & Christopher A. Vellturo, 1991. "Rail Costs and Capital Adjustments in a Quasi-Regulated Environment," NBER Working Papers 3841, National Bureau of Economic Research, Inc.
  11. DEPRINS, Dominique & SIMAR, Léopold, . "Estimating technical inefficiencies with correction for environmental conditions with an application to railway companies," CORE Discussion Papers RP -834, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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  15. Kumbhakar, Subal C., 1990. "Production frontiers, panel data, and time-varying technical inefficiency," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 201-211.
  16. Ali, Farman & Parikh, Ashok & Shah, Mir Kalan, 1996. "Measurement of economic efficiency using the behavioral and stochastic cost frontier approach," Journal of Policy Modeling, Elsevier, vol. 18(3), pages 271-287, June.
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