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Economic And Financial Crisis Impact On Rail Sector

Author

Listed:
  • Gheorghe - Stelian BALAN

    (S.C. ALSTOM Transport S.A. Bucharest)

  • Mariana BALAN

    (“Athenaeum” University Bucharest; Institute for Economic Forecasting)

Abstract

Among transport modes existing today, rail remains of great interest because of certain benefits arising from that is the least polluting and most environmentally friendly. These are just some of the reasons why, in recent years, the European Union's strategy is trying to develop and implement programs to revive rail transport in the Community and to draw more traffic to this type of transport. Economic and financial crisis that has put imprint on the sector and the economy. The paper proposes a brief analysis of the development of rail passengers and freight in the Union Europe in period 2006-2009. As a transport sector with less risk factor than other types of transport, the paper presents a risk profile of railways.

Suggested Citation

  • Gheorghe - Stelian BALAN & Mariana BALAN, 2010. "Economic And Financial Crisis Impact On Rail Sector," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 3(19), pages 30-38, September.
    • Handle: RePEc:ath:journl:tome:19:y:2010(iii):i:19:p:30-38
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    File URL: http://aimr.univath.ro/archive/atharticles/2010-3/2010-3-2.pdf
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    More about this item

    Keywords

    rail; risks in rail transport; effects of the crisis in rail transport;
    All these keywords.

    JEL classification:

    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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