Efficiency analyses for the railway sector: An overview of key issues

Torben Holvad

Research in Transportation Economics, 2020, vol. 82, issue C

Abstract: Over the past 3-4 decades numerous efficiency analyses have been undertaken in different economic sectors including transport. These studies provide an insight into variations of efficiency levels for different entities (e.g. country or company comparisons). As such they can be used to identify strategies for improvement at company level as well as broader policy measures. This paper will focus on the so-called frontier-based methods covering both parametric (e.g. Stochastic Frontier Analysis) and non-parametric (e.g. Data Envelopment Analysis) methods. It will set out main challenges in applying these methods in the railway sector as well as highlighting key findings according to the studies undertaken to date. Moreover, the paper will discuss issues from methodological and empirical perspectives which would need to be addressed in future research.

Keywords: Efficiency; Efficiency analysis; Productivity; Frontier based methods; Data envelopment analysis; Stochastic frontier analysis; Railways (search for similar items in EconPapers)
JEL-codes: D24 L92 R40 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0739885920300755
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:retrec:v:82:y:2020:i:c:s0739885920300755

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_2&version=01

DOI: 10.1016/j.retrec.2020.100877

Access Statistics for this article

Research in Transportation Economics is currently edited by M. Dresner

More articles in Research in Transportation Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().