Railway Reforms: Do They Influence Operating Efficiency?
Publikation: Working paper › Forskning
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Railway Reforms : Do They Influence Operating Efficiency? / Asmild, Mette; Holvad, Torben; Hougaard, Jens Leth; Kronborg, Dorte.
Department of Economics, University of Copenhagen, 2008.Publikation: Working paper › Forskning
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TY - UNPB
T1 - Railway Reforms
T2 - Do They Influence Operating Efficiency?
AU - Asmild, Mette
AU - Holvad, Torben
AU - Hougaard, Jens Leth
AU - Kronborg, Dorte
PY - 2008
Y1 - 2008
N2 - This paper considers railway operations in 23 European countries during 1995-2001, where a series of reform initiatives were launched by the European Commission, and analyses whether these reform initiatives improved the operating efficiency of the railways. Efficiency is measured using Multi-directional Efficiency Analysis, which enables investigation of how railway reforms affect the inefficiencies of specific cost drivers. The main findings are that the reform initiatives generally improve operating efficiency but potentially differently for different cost drivers. Specifically, the paper provides clear empirical evidence that accounting separation is important for improving operating efficiency for both material and staff costs, whereas other reforms only influenced one of these factors
AB - This paper considers railway operations in 23 European countries during 1995-2001, where a series of reform initiatives were launched by the European Commission, and analyses whether these reform initiatives improved the operating efficiency of the railways. Efficiency is measured using Multi-directional Efficiency Analysis, which enables investigation of how railway reforms affect the inefficiencies of specific cost drivers. The main findings are that the reform initiatives generally improve operating efficiency but potentially differently for different cost drivers. Specifically, the paper provides clear empirical evidence that accounting separation is important for improving operating efficiency for both material and staff costs, whereas other reforms only influenced one of these factors
KW - Faculty of Social Sciences
KW - European railways
KW - multi-directional efficiency analysis
KW - MEA
M3 - Working paper
BT - Railway Reforms
PB - Department of Economics, University of Copenhagen
ER -
ID: 2751959