European Railway Deregulation: The Influence of Regulatory and Environmental Conditions on Efficiency

Heike Wetzel

No 86, Working Paper Series in Economics from University of Lüneburg, Institute of Economics

Abstract: The objective of this paper is to analyze the impact of regulatory and environmental conditions on technical effciency of European railways. Using a panel data set of 31 railway firms from 22 European countries from 1994 to 2005, a multioutput distance function model, including regulatory and environmental factors, is estimated using stochastic frontier analysis. The results obtained indicate positive and negative effciency effects of different regulatory reforms. Furthermore, estimating models with and without regulatory and environmental factors clearly indicates that the omission of environmental factors, such as network density, substantially changes parameter estimates and, hence, leads to biased estimation results.

Keywords: European railways; technical effciency; stochastic frontier analysis (search for similar items in EconPapers)
JEL-codes: L22 L51 L92 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2008-05
New Economics Papers: this item is included in nep-eff, nep-ene, nep-env and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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