Does liberalization of the railway industry lead to higher technical effectiveness?

The European Commission places increasing pressure on EU member states and forces national governments to liberate railway transportation and enable new operators to enter the rail industry. From an economic perspective, liberalization should lead to higher train performance and result in increased passenger flow. Most research papers examine the impact of rail reform by measuring the railway undertaking's performance and focus on efficiency of the intermediate railway outputs such as passenger/freight train kilometer. However, this paper aims to estimate railway performance from the view of demand and thus concentrates on the number of passengers and volume of goods transported, i.e., factors that indicate the ultimate success of the liberalization process. Therefore, in their analysis, the authors focused on technical effectiveness, which was estimated by a data envelopment analysis (DEA). In the next step, they studied what factors determine this effectiveness indicator, and they examined the significance of IBM's Liberalization Index in the adopted model.

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  • English

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  • Accession Number: 01601099
  • Record Type: Publication
  • Files: TRIS
  • Created Date: May 6 2016 8:45AM