The Effects of Privatization on Productivity and Capital Adjustment

A JR is one of several freight and passenger railway companies created in 1987 after Japan National Railway (JNR) was privatized and separated. The authors use econometric techniques to examine total factor productivity (TFP) increases and to analyze how performance has changed among the JRs. The authors also examine whether, before privatization, capital input overcapitalization existed. Privatization raised annual TFP growth by 1.62%, bringing total annual TFP growth to 2.97% after privatization. Privatization has largely corrected the former JNR's over-capitalization.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03918440
• Authors:
  • Mizutani, Fumitoshi
  • Uranishi, Shuji
• Publication Date: 2007-6

Language

• English

Media Info

• Media Type: Print
• Features: Figures; Tables;
• Pagination: pp 197-223
• Serial:
  • International Journal of Transport Economics = Rivista Internazionale de Economia dei Trasporti
  • Volume: 34
  • Issue Number: 2
  • Publisher: Fabrizio Serra
  • ISSN: 0391-8440
  • EISSN: 1724-2185

Subject/Index Terms

• TRT Terms: Financial capital; Freight and passenger services; Privatization; Productivity; Railroads
• Identifier Terms: Nihon kokuyu tetsudo
• Uncontrolled Terms: Capital input
• Geographic Terms: Japan
• Subject Areas: Economics; Railroads;

Filing Info

• Accession Number: 01051697
• Record Type: Publication
• Files: TRIS
• Created Date: Jun 1 2007 3:58PM