SCHEMES AND LEVELS OF STATE AID TO RAIL INDUSTRY IN EUROPE: EVIDENCES FROM A CROSS-COUNTRY COMPARISON
Ugo Arrigo () and
Giacomo Di Foggia
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Ugo Arrigo: Department of Business Administration, Finance, Management and Law, University of Milano-Bicocca
European Journal of Business and Economics, 2013, vol. 8, issue 3, 410 volume1: 8
The purpose of this paper is to illustrate the evolution of both schemes and levels of public support to railway sector in selected European countries. Although prior research sheds some light on this topic, more information is required to clarify national obligations under European railway liberalisation law regarding incentives toward railway undertakings. Focusing on Italy, besides the reduction of capital grants, justified by the completion of the high-speed line Turin-Milan-Naples, this paper finds an increasing support to the service operators and in the meantime a reduction of subsidies aimed at financing network operations. This shift of resources may undermine competition. The findings of this study help to fill the gap in estimating State aid to European railways.
Keywords: RailwaysState aid; Deregulation; Transport economics; Subsidies; Europe; Competition (search for similar items in EconPapers)
JEL-codes: H81 L43 L92 (search for similar items in EconPapers)
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Working Paper: Schemes and levels of state aid to rail industry in Europe: evidences from a cross-country comparison (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:aad:ejbejj:v:8:y:2013:i:3:p:410
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