Productivity growth in European railways: a new approach |
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| Institution: | 1. Department of International and European Economic Studies, Athens University of Economics and Business, 76 Patission Street, 104 34 Athens, Greece;2. Department of Economics, Athens University of Economics and Business, 76 Patission Street, 104 34 Athens, Greece;1. Fondazione Bruno Kessler, ARES Unit, Via Sommarive 18, 38123 Povo, TN, Italy;2. Università degli Studi di Padova, Dipartimento di Geoscienze, Via Giovanni Gradenigo 6, 35131 Padova, Italy;3. Provincia Autonoma di Trento, Servizio Geologico, Via Zambra 42, 38122 Trento, Italy;1. FEI University Center, São Bernardo do Campo, Brazil;2. ICTEAM/ELEN, Université Catholique de Louvain, Louvain-la-Neuve, Belgium |
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| Abstract: | The paper develops a model to represent the cost structure of European railways based on a general index of technical change, which allows completely general estimation of productivity growth. The estimated model is based on a variable cost function for panel data, which allows for heterogeneity in spite of previous approaches in the railway economics and general index model literature which adopt the assumption of common technical parameters across countries. |
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