Dynamic Distributions of Productivity Growth in European Railways
This paper derives the exact distribution of productivity growth, using Monte Carlo simulation methods, and explores in detail how the productivity growth distribution shifts as a result of changes in input prices and output. In an empirical application to the cost structure of ten European railways, for about half the decision-making units in the sample, prices and output have not caused median productivity growth but other characteristics of the distribution. This casts some doubt on traditional approaches that simply focus on examining average productivity growth. © The London School of Economics and the University of Bath 2004
Volume (Year): 38 (2004)
Issue (Month): 1 (January)
|Contact details of provider:|| Web page: http://www.bath.ac.uk/e-journals/jtep|
When requesting a correction, please mention this item's handle: RePEc:tpe:jtecpo:v:38:y:2004:i:1:p:45-75. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum)
If references are entirely missing, you can add them using this form.