Productivity growth in European railways: technological progress, efficiency change and scale effects
Research output: Working paper › Working papers
Standard
Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2008. (Working paper series in economics; No. 101).
Research output: Working paper › Working papers
Harvard
APA
Vancouver
Bibtex
}
RIS
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 -