The Liberalization Process of the Railway Sector in Romania and European Union Countries

Cristian Busu () and Mihail Busu ()
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Cristian Busu: The Bucharest University of Economic Studies, Romania

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2015, vol. 16, issue 3, 305-313

Abstract: While the railway sector has historically been an important component of the transport industry in the EU, it has seen, in the last 30 years, its market share constantly declining in comparison with other modes of transport (especially road transport), both for freight and passenger transport Furthermore, this was a sector characterized by national markets, the presence of a monopolistic operator controlling the infrastructure and the services as well as major State subsidies, which did not encourage efficiency. This article makes an overview of the Romanian Railway sector, analizing the impact of the liberalization process and institutional reforms in Romania on the Railway industry.

Keywords: liberalization process; railway sector; legislative framework; competition rule; country development. (search for similar items in EconPapers)
JEL-codes: G34 G38 O16 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:16:y:2015:i:3:p:305-313

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