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Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
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http://hdl.handle.net/10419/28219
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| Title: | | Productivity growth in European railways: technological progress, efficiency change and scale effects  |
| Authors: | | Wetzel, Heike |
| Issue Date: | | 2008 |
| Series/Report no.: | | University of Lüneburg Working Paper Series in Economics 101 |
| Abstract: | | This paper analyzes the performance of the European railway sector in the period of deregulation (1990-2005). Using a stochastic frontier panel data model that controls for unobserved heterogeneity a multiple-output multipleinput distance function model is estimated in order to evaluate the sources of productivity growth: technological progress, technical efficiency change and scale effects. The results indicate that technology improvements were by far the most important driver of productivity growth, followed by gains in technical efficiency, and to a lesser extent by exploitation of scale economies. Overall, we find an average productivity growth of 39 per cent within the sample period. |
| Subjects: | | European railways deregulation stochastic frontier analysis total factor productivity |
| JEL: | | D24 L51 L92 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
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