ECONOMETRIC ESTIMATION OF THE EFFECTS OF DEREGULATION ON RAILWAY PRODUCTIVITY GROWTH

This article examines the hypothesis that the market incentives following railroad deregulation led to a rapid rate of productivity growth as the railroads attempted to lower costs in order to compete in the freer market. This article concentrates on the rate of shift in the cost function rather than on the rate of shift in the production function as the most reasonable method for examining productivity growth. Following the general methodology of Spady and Friedlaender, the costing optimization criteria for the firm in the general case is defined as: C(Q,P;T) = Min P 'X ; Subject to F(X;T) = Q where Q = (Q1,Q2,...,Qn) is a vector of measures of output, P = (P1,P2,...,Pn) is a vector of factor input prices such that pi is the price of factor input xi, and T is the vector of technological factors.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/1588960
• Corporate Authors:

  American Society of Transportation and Logistics

  3600 Chamberlain Lane
  Louisville, KY  United States  40241
• Authors:
  • Bereskin, C G
• Publication Date: 1996

Language

• English

Media Info

• Pagination: p. 34-43
• Serial:
  • Transportation Journal
  • Volume: 35
  • Issue Number: 4
  • Publisher: American Society of Transportation and Logistics
  • ISSN: 0041-1612
  • Serial URL: https://scholarlypublishingcollective.org/psup/transportation-journal

Subject/Index Terms

• TRT Terms: Costs; Deregulation; Econometric models; Productivity; Railroads
• Uncontrolled Terms: Cost models
• Subject Areas: Administration and Management; Economics; Finance; Highways; Railroads; I10: Economics and Administration;

Filing Info

• Accession Number: 00725757
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 17 1996 12:00AM