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The Liberalization Process of the Railway Sector in Romania and European Union Countries

Author

Listed:
  • Cristian BUSU

    () (The Bucharest University of Economic Studies, Romania)

  • Mihail BUSU

    () (The Bucharest University of Economic Studies, Romania)

Abstract

While the railway sector has historically been an important component of the transport industry in the EU, it has seen, in the last 30 years, its market share constantly declining in comparison with other modes of transport (especially road transport), both for freight and passenger transport Furthermore, this was a sector characterized by national markets, the presence of a monopolistic operator controlling the infrastructure and the services as well as major State subsidies, which did not encourage efficiency. This article makes an overview of the Romanian Railway sector, analizing the impact of the liberalization process and institutional reforms in Romania on the Railway industry.

Suggested Citation

  • Cristian BUSU & Mihail BUSU, 2015. "The Liberalization Process of the Railway Sector in Romania and European Union Countries," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(3), pages 305-313, July.
  • Handle: RePEc:rom:rmcimn:v:16:y:2015:i:3:p:305-313
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    File URL: http://rmci.ase.ro/no16vol3/01.pdf
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    References listed on IDEAS

    as
    1. R. Künneke & M. Finger, 2007. "Technology Matters: The Cases of the Liberalization of Electricity and Railways," Competition and Regulation in Network Industries, Intersentia, vol. 8(3), pages 303-336, September.
    2. Bošković, Branislav & Bugarinović, Mirjana, 2015. "Why and how to manage the process of liberalization of a regional railway market: South-Eastern European case study," Transport Policy, Elsevier, vol. 41(C), pages 50-59.
    3. Cristian Silviu BÃNACU & Cristian BUªU & Alexandra Cãtãlina NEDELCU, 2013. "Tacit Knowledge Management – Strategic Role In Disclosing The Intellectual Capital," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 7(1), pages 491-500, November.
    4. Mihail BUSU, 2015. "Corporate Governance Codes in Romania and European Union Countries," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(1), pages 119-128, March.
    5. M. Finger & J. Groenewegen & R. Künneke, 2005. "The Quest for Coherence Between Institutions and Technologies in Infrastructures," Competition and Regulation in Network Industries, Intersentia, vol. 6(4), pages 227-260, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    liberalization process; railway sector; legislative framework; competition rule; country development.;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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