An analysis of the inter-effect of structural reforms and rail mode share

Fumitoshi Mizutani and Shuji Uranishi

Research in Transportation Economics, 2020, vol. 81, issue C

Abstract: By applying 3SLS for simultaneous models based on data from 29 OECD countries over a 19-year period from 1995 to 2013, this study investigates the inter-effect relationship between structural reform/regulation policies for railways and passenger and freight rail mode shares. Our major findings are as follows. First, in the passenger rail share equation, freight rail share and gasoline price have a positive effect, but passenger rail fare and vertical integration have a negative effect. Second, in the freight rail share equation, passenger rail share and public ownership have a positive effect but diesel price has a negative effect. Third, network condition factors such as rail network density and rail/road network ratio show no clear effect on either passenger or freight rail share equations. Last, in the structural reform/regulation equation, passenger rail share shows a negative effect but freight rail share shows a positive effect. Government debt and unemployment rate show no effect, but liberal government dummy positively affects structural reform/regulation.

Keywords: Structural reforms; Rail mode share; Simultaneous approach; Vertical separation; Market liberalization (search for similar items in EconPapers)
JEL-codes: L23 L33 L51 L92 R41 R48 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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DOI: 10.1016/j.retrec.2020.100862

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