THE NEW MODEL OF THE RAILWAY INDUSTRY IN SPAIN WITHIN THE EUROPEAN FRAMEWORK

J. Barea, Dolores Dizy and Olga Ruiz-Cañete

Annals of Public and Cooperative Economics, 2007, vol. 78, issue 3, 353-380

Abstract: ABSTRACT**: This study identifies the strengths and weaknesses of the the new regulatory framework for railways in Spain. We offer a description of the present situation of the railway industry in Spain, following the coming into force of the new Railway Industry Law in January 2005. We also analyse the international experience in light of the principles underlying the liberalization of the railway industry in Europe and, in particular, the cases of the United Kingdom and France. These two models are suitable for our purposes based on these main items: the degree of effective competition, the similarity to the Spanish case, the rail market growth and the geographical location. Our conclusions are that Spain has overcome some mistakes made by the countries mentioned above, like leaving infrastructure investment or security aspects in the hands of the private sector, however others have been committed, such as the excessive influence of the government on the basic actors of the industry or defining a complex system without well defined responsibilities.

Date: 2007
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https://doi.org/10.1111/j.1467-8292.2007.00338.x

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