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- Title
Railway (De)Regulation: A European Efficiency Comparison.
- Authors
FRIEBEL, GUIDO; IVALDI, MARC; VIBES, CATHERINE
- Abstract
We estimate the effects of reforms on railroad efficiency in Europe by using a new panel data set that covers most EU countries over a period of more than 20 years. A production frontier model finds that efficiency increases when reforms such as third-party network access, introduction of an independent regulator, and vertical separation are implemented. However, the reform effects depend on sequencing: introduction of multiple reforms in a package has negative effects, while sequential reforms improve efficiency. We also show that our results are robust against potential problems of endogeneity.
- Subjects
EUROPEAN Union countries; RAILROADS; DEREGULATION; SUSTAINABLE development; ECONOMIC conditions in Europe; TRANSPORTATION
- Publication
Economica, 2010, Vol 77, Issue 305, p77
- ISSN
0013-0427
- Publication type
Article
- DOI
10.1111/j.1468-0335.2008.00739.x