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Railway (De)Regulation: A European Efficiency Comparison

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Author Info
Friebel, Guido
Ivaldi, Marc
Vibes, Catherine

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Abstract

Many European countries have sought to increase the efficiency of national railroad companies through a range of reforms: separating infrastructure and operations, creating independent regulatory institutions and providing access to the network to third parties. To estimate the effects of reforms on railroad efficiency, we investigate a new World Bank panel dataset that covers many EU countries over a period of 20 years. We compare the passenger traffic efficiency of national railroad companies by means of a production frontier model and evaluate the effects of reforms on efficiency. We find that reforms have efficiency-increasing effects but that the effect of reforms depends on sequencing: the introduction of multiple reforms in a package has at best neutral effects, but sequential reforms improve efficiency. Using the LISREL technique, we find that our results are robust against potential problems of endogeneity.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 4319.

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Date of creation: Mar 2004
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Handle: RePEc:cpr:ceprdp:4319

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Related research
Keywords: L92; network industries; panel data analysis; passenger and freight traffic; production frontier;

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Find related papers by JEL classification:
C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Ng, Charles K & Seabright, Paul, 2001. "Competition, Privatisation and Productive Efficiency: Evidence from the Airline Industry," Economic Journal, Royal Economic Society, vol. 111(473), pages 591-619, July. [Downloadable!] (restricted)
  2. Coelli, Tim & Perelman, Sergio, 1999. "A comparison of parametric and non-parametric distance functions: With application to European railways," European Journal of Operational Research, Elsevier, vol. 117(2), pages 326-339, September. [Downloadable!] (restricted)
  3. Gathon, H. -J. & Pestieau, P., 1995. "Decomposing efficiency into its managerial and its regulatory components: The case of European railways," European Journal of Operational Research, Elsevier, vol. 80(3), pages 500-507, February. [Downloadable!] (restricted)
  4. Nicoletti, Giuseppe & Scarpetta, Stefano, 2003. "Regulation, productivity, and growth : OECD evidence," Policy Research Working Paper Series 2944, The World Bank. [Downloadable!]
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  5. Pedro Cantos & José Pastor & Lorenzo Serrano, 1999. "Productivity, efficiency and technical change in the European railways: A non-parametric approach," Transportation, Springer, vol. 26(4), pages 337-357, November. [Downloadable!] (restricted)
  6. Vickers, John, 1995. "Competition and Regulation in Vertically Related Markets," Review of Economic Studies, Blackwell Publishing, vol. 62(1), pages 1-17, January. [Downloadable!] (restricted)
  7. Ivaldi, Marc & Monier-Dilhan, Sylvette & Simioni, Michel, 1995. "Stochastic production frontiers and panel data: A latent variable framework," European Journal of Operational Research, Elsevier, vol. 80(3), pages 534-547, February. [Downloadable!] (restricted)
  8. Cowie, Jonathan & Riddington, Geoff, 1996. "Measuring the Efficiency of European Railways," Applied Economics, Taylor and Francis Journals, vol. 28(8), pages 1027-35, August. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Christian Growitsch & Heike Wetzel, 2006. "Economies of Scope in European Railways: An Efficiency Analysis," IWH Discussion Papers 5-06, Halle Institute for Economic Research. [Downloadable!]
  2. Antonio Couto & Daniel Graham, 2008. "The contributions of technical and allocative efficiency to the economic performance of European railways," Portuguese Economic Journal, Springer, vol. 7(2), pages 125-153, August. [Downloadable!] (restricted)
  3. Gertjan Driessen & Mark Lijesen & Machiel Mulder, 2006. "The impact of competition on productive efficiency in European railways," CPB Discussion Papers 71, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
  4. Mette Asmild & Torben Holvad & Jens Leth Hougaard & Dorte Kronborg, 2008. "Railway reforms: Do they influence operating efficiency?," Discussion Papers 08-05, University of Copenhagen. Department of Economics. [Downloadable!]
    Other versions:
  5. Russell Pittman & Sergei Guriev & Guido Friebel & Anna Tomova & Elizaveta Cheviakhova, 2005. "Railroad Restructuring in Russia and Central and Eastern Europe: One Solution for All Problems?," Industrial Organization 0504021, EconWPA. [Downloadable!]
  6. Estache, Antonio & Serebrisky, Tomas, 2004. "Where do we stand on transport infrastructure deregulation and public-private partnership?," Policy Research Working Paper Series 3356, The World Bank. [Downloadable!]
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