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

Author

Listed:
  • Cantos Sánchez Pedro

    () (UNIVERSITY OF VALENCIA INSTITUTO VALENCIANO DE INVESTIGACIONES ECONÓMICAS (Ivie))

  • Pastor Monsálvez José Manuel

    () (UNIVERSITY OF VALENCIA INSTITUTO VALENCIANO DE INVESTIGACIONES ECONÓMICAS (Ivie))

  • Serrano Martínez Lorenzo

    () (UNIVERSITY OF VALENCIA INSTITUTO VALENCIANO DE INVESTIGACIONES ECONÓMICAS (Ivie))

Abstract

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.

Suggested Citation

  • 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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    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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