Crafts, Nicholas F. R.; Mills, Terence C.; Mulatu, Abay - London School of Economics and Political Science - 2005
This paper revisits the issue of the productivity performance of pre-World War I Britain’s railway system with an … it stabilized at about 1.1%. An analysis of company-level productivity rejects the claims that there was a regulation …-induced revival of productivity performance in the railway sector after 1900 but, on the other hand, it supports the claim that there …
