End of the line: Railroads in Chile
Between 1860 and 1950, railroads in Chile were synonym of modernization, integration, and economic development. By the 1970s railroads were bankrupt and socially discredited, surviving out of government subsidies. By 2000, passenger services had disappeared but private sector freight operations were revitalized after swift reforms. We review the Chilean reforms and experience, focusing on regulation, public sector involvement and political interference, market entry, vertical integration, and externalities. Perhaps uniquely, two different forms of private sector participation in freight operations emerge after reforms: a vertically integrated, privatized railroad and a state-owned, open-access, concession system.
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- Jeremy Atack & Fred Bateman & Michael Haines & Robert A. Margo, 2009.
"Did Railroads Induce Or Follow Economic Growth? Urbanization And Population Growth In The American Midwest, 1850-60,"
Boston University - Department of Economics - The Institute for Economic Development Working Papers Series
dp-178, Boston University - Department of Economics.
- Jeremy Atack & Fred Bateman & Michael Haines & Robert A. Margo, 2009. "Did Railroads Induce or Follow Economic Growth? Urbanization and Population Growth in the American Midwest, 1850-60," NBER Working Papers 14640, National Bureau of Economic Research, Inc.
- Mette Asmild & Torben Holvad & Jens Leth Hougaard & Dorte Kronborg, 2008.
"Railway reforms: Do they influence operating efficiency?,"
08-05, University of Copenhagen. Department of Economics.
- Mette Asmild & Torben Holvad & Jens Hougaard & Dorte Kronborg, 2009. "Railway reforms: do they influence operating efficiency?," Transportation, Springer, vol. 36(5), pages 617-638, September.
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