THE RAILWAY TRANSPORT SYSTEM AND ITS IMPLICATIONS IN THE ECONOMIC DEVELOPMENT

Daniel Daneci-Patrau (), Carmen Elena Coca () and Romeo Bosneagu ()
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Daniel Daneci-Patrau: Maritime University of Constanta, Romania
Carmen Elena Coca: “Stefan cel Mare” University of Suceava, Romania
Romeo Bosneagu: “Mircea cel Batran” Naval Academy of Constanta, Romania

Contemporary Economy Journal, 2023, vol. 8, issue 3, 100-107

Abstract: A rail transport system is deemed in most countries a prerequisite for the overall economic development and, in this respect, considerable resources are allocated especially towards the railway installation and improvement, but also for the human resources system efficiency and optimization. Railways usually have an asset value that makes up a significant part of the national wealth and the rail sub-sector should bring a significant contribution to the GDP. It is therefore important and appropriate that this asset be managed professionally and that an increasing number of railway professionals are now encouraged to get involved in this activity. To clarify the impact transport has on the economy, several important research directions also strongly intercorrelated had been laid out in this paper: economic development, material goods production and distribution, influence on prices.

Keywords: rail management; transport; economy; prices (search for similar items in EconPapers)
JEL-codes: L91 L92 O18 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:8:y:2023:i:3:p:100-107

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