Efficiency in European Railways: Not as Inefficient as One Might Think

Dimitris Christopoulos, John (Ioannis) Loizides and Mike Tsionas

Journal of Applied Economics, 2001, vol. 4, issue 1, 63-88

Abstract: The paper studies technical inefficiency in the railway systems of ten countries of the European Union. A new approach is used which permits the disaggregation of inefficiency by factor of production to result in estimates of input-specific technical inefficiency. The cost structure is represented using a generalized McFadden flexible functional form. Policy implications and guidelines for rational decision making in the railway sector, are discussed in detail.

Date: 2001
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DOI: 10.1080/15140326.2001.12040558

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