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An analysis of the inter-effect of structural reforms and rail mode share

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  • Mizutani, Fumitoshi
  • Uranishi, Shuji

Abstract

By applying 3SLS for simultaneous models based on data from 29 OECD countries over a 19-year period from 1995 to 2013, this study investigates the inter-effect relationship between structural reform/regulation policies for railways and passenger and freight rail mode shares. Our major findings are as follows. First, in the passenger rail share equation, freight rail share and gasoline price have a positive effect, but passenger rail fare and vertical integration have a negative effect. Second, in the freight rail share equation, passenger rail share and public ownership have a positive effect but diesel price has a negative effect. Third, network condition factors such as rail network density and rail/road network ratio show no clear effect on either passenger or freight rail share equations. Last, in the structural reform/regulation equation, passenger rail share shows a negative effect but freight rail share shows a positive effect. Government debt and unemployment rate show no effect, but liberal government dummy positively affects structural reform/regulation.

Suggested Citation

  • Mizutani, Fumitoshi & Uranishi, Shuji, 2020. "An analysis of the inter-effect of structural reforms and rail mode share," Research in Transportation Economics, Elsevier, vol. 81(C).
    • Handle: RePEc:eee:retrec:v:81:y:2020:i:c:s0739885920300603
    DOI: 10.1016/j.retrec.2020.100862
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    1. Francisco Gildemir Ferreira Silva, 2022. "Brazilian railways separability infrastructure/operations: investigation by production indicators," SN Business & Economics, Springer, vol. 2(7), pages 1-25, July.

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    More about this item

    Keywords

    Structural reforms; Rail mode share; Simultaneous approach; Vertical separation; Market liberalization;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
    • R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government Pricing and Policy

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