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Vertical and Horizontal Separation in the European Railway Sector: Effects on Productivity


  • Cantos Sánchez Pedro


  • Pastor Monsálvez José Manuel


  • Serrano Martínez Lorenzo



The processes of vertical and horizontal separation within the railway sector are relatively recent in many European countries, and, as a result, little analytical research has been carried out on their impact. The purpose of this working paper is to analyze the effects of these organizational reforms on efficiency, productivity and technical change in 16 national railway systems in Europe over the period 1985-2004. Results indicate that in general, the reforms appear to have been beneficial, although evidence of significantly higher efficiency levels and greater productivity growth is only found in countries that have completed both vertical and horizontal separation processes.

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  • Cantos Sánchez Pedro & Pastor Monsálvez José Manuel & Serrano Martínez Lorenzo, 2008. "Vertical and Horizontal Separation in the European Railway Sector: Effects on Productivity," Working Papers 201065, Fundacion BBVA / BBVA Foundation.
  • Handle: RePEc:fbb:wpaper:201065

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    References listed on IDEAS

    1. Pérez García Francisco (ed.), 2005. "La medición del capital social. Una aproximación económica," Books, Fundacion BBVA / BBVA Foundation, edition 1, number 201148, December.
    2. Pérez García Francisco & Serrano Martínez Lorenzo & Montesinos Santalucía Vicente & Fernández de Guevara Radoselovics Juan, 2006. "Measurement of Social Capital and Growth," Working Papers 201034, Fundacion BBVA / BBVA Foundation.
    3. Pérez, Francisco & Fernandez de Guevara, Juan & Serrano, Lorenzo & Montesinos, Vicente, 2006. "Measurement of Social Capital and Growth: an Economic Methodology," MPRA Paper 16006, University Library of Munich, Germany, revised 2006.
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    Cited by:

    1. Pittman, Russell, 2011. "Risk-averse restructuring of freight railways in China," Utilities Policy, Elsevier, vol. 19(3), pages 152-160.
    2. Bataille, Marc & Steinmetz, Alexander, 2013. "Intermodal competition on some routes in transportation networks: The case of inter urban buses and railways," DICE Discussion Papers 84, University of Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    3. Merkert, Rico & Nash, Chris A., 2013. "Investigating European railway managers’ perception of transaction costs at the train operation/infrastructure interface," Transportation Research Part A: Policy and Practice, Elsevier, vol. 54(C), pages 14-25.


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