Productivity,efficiency and technical change in the European railways: A non-parametric approach |
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Authors: | Cantos Pedro Pastor José M Serrano Lorenzo |
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Institution: | (1) Departament d'Anàlisi Econòmica, Universitat de Valencia, Campus dels Tarongers, Av. dels Tarongers, s/n Edifici Departamental Oriental, 46022 Valencia, Spain (E-mail |
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Abstract: | The purpose of this paper is to analyse the evolution of productivity in the European railways in the period 1970–95. We use
a non-parametric approach that enables changes in productivity to be broken down into variations in efficiency and technical
change. The results indicate that the productivity growth is concentrated in the last period (1985–95), when the majority
of the companies undertook processes of reforms. This increase in productivity is mainly due to technical progress. We also
analyse the determinants of efficiency and, unlike other papers, the technical change, finding that the greater the degree
of autonomy and financial independence, the higher the efficiency levels and technical change.
This revised version was published online in June 2006 with corrections to the Cover Date. |
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Keywords: | efficiency Malmquist index productivity railways technical changes |
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