TY - UNPB

T1 - Productivity growth in European railways

T2 - technological progress, efficiency change and scale effects

AU - Wetzel, Heike

N1 - Literaturverz. S. 19 - 22

PY - 2008

Y1 - 2008

N2 - This paper analyzes the performance of the European railway sector in the period of deregulation (1990-2005). Using a stochastic frontier panel data model that controls for unobserved heterogeneity a multiple-output multipleinput distance function model is estimated in order to evaluate the sources of productivity growth: technological progress, technical efficiency change and scale effects. The results indicate that technology improvements were by far the most important driver of productivity growth, followed by gains in technical efficiency, and to a lesser extent by exploitation of scale economies. Overall, we find an average productivity growth of 39 per cent within the sample period.

AB - This paper analyzes the performance of the European railway sector in the period of deregulation (1990-2005). Using a stochastic frontier panel data model that controls for unobserved heterogeneity a multiple-output multipleinput distance function model is estimated in order to evaluate the sources of productivity growth: technological progress, technical efficiency change and scale effects. The results indicate that technology improvements were by far the most important driver of productivity growth, followed by gains in technical efficiency, and to a lesser extent by exploitation of scale economies. Overall, we find an average productivity growth of 39 per cent within the sample period.

KW - Economics

KW - European railways

KW - Deregulation

KW - stochastic frontier analysis

KW - Total factor productivity

M3 - Working papers

T3 - Working paper series in economics

BT - Productivity growth in European railways

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -