Input Price Effect on Productivity Gains in the United States Railroad Industry

Azrina Abdullah Al-Hadi () and James Peoples
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Azrina Abdullah Al-Hadi: School of Economics Faculty of Economics and Management Universiti Kebangsaan Malaysia 43600 Bangi, Selangor MALAYSIA

Jurnal Ekonomi Malaysia, 2016, vol. 50, issue 2, 3-14

Abstract: This study examines factor input price effects on productivity in the railroad industry. Past research examining productivity trends in this industry limit their analysis to the effect of non-factor input prices. This study contributes to the literature by considering the effect of input prices on railroad productivity. Such an analysis significant in part because of the importance of fuel prices and wages as drivers of cost in this industry. Findings suggest that price effects are not the main source of changes in productivity. However, among the price effects, the price of material and price of way and structures show larger and significant magnitudes in explaining the sources of changes in productivity compared to other prices. Interestingly, price of labor and price of fuel are the input prices that contribute the least to changes in unit cost.

Keywords: Class-1 railroad; Price effect; factor input price; productivity (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ukm:jlekon:v:50:y:2016:i:2:p:3-14

DOI: 10.17576/JEM-2016-5002-01

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