Abstract
By applying 3SLS for simultaneous models based on data from 29 OECD countries over a 19-year period from 1995 to 2013, this study investigates the inter-effect relationship between structural reform/regulation policies for railways and passenger and freight rail mode shares. Our major findings are as follows. First, in the passenger rail share equation, freight rail share and gasoline price have a positive effect, but passenger rail fare and vertical integration have a negative effect. Second, in the freight rail share equation, passenger rail share and public ownership have a positive effect but diesel price has a negative effect. Third, network condition factors such as rail network density and rail/road network ratio show no clear effect on either passenger or freight rail share equations. Last, in the structural reform/regulation equation, passenger rail share shows a negative effect but freight rail share shows a positive effect. Government debt and unemployment rate show no effect, but liberal government dummy positively affects structural reform/regulation.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
