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The objective of this paper is to analyze the impact of regulatory and environmental conditions on technical efficiency of European railways. Using a panel data set of 31 railway firms from 22 European countries from 1994 to 2005, a multioutput distance function model, including regulatory and...
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model is estimated in order to evaluate the sources of productivity growth: technological progress, technical efficiency … productivity growth, followed by gains in technical efficiency, and to a lesser extent by exploitation of scale economies. Overall …, we find an average productivity growth of 39 per cent within the sample period. -- European railways ; deregulation …
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