Journal of the Korean Society for Railway (한국철도학회논문집)

The Korean Society for Railway (한국철도학회)
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A Study on the Relationship between Vertical Separation and Operational Efficiency of Railway Industry

철도산업의 수직분리와 운영효율성의 관련성에 관한 연구

  • Published : 2009.12.30
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Abstract

Since 1990s, the European railway sector has undergone both a vertical separation and a vertical integration. Recently Simar and Wilson (2008) provides a bootstrap test procedure for testing whether two groups' mean efficiencies are equivalent. The purpose of this paper is to ascertain the relationship between vertical separation and operational efficiency of railway industry using the Simar and Wilson's bootstrap test procedure not used in previous studies with a data set of 20 European countries from 1998 to 2005. From the value of test statistic it seems that the mean operational efficiencies of vertically separated railway industry were higher than those of vertically integrated railway industry. However the p-value indicates that the differences of mean operational efficiencies are not significat at any meaningful level.

본 논문에서는 수직분리 및 수직통합의 경험이 함께 존재하는 유럽철도의 자료를 기존연구에서 사용된 바 없는 Simar and Wilson(2008)의 붓스트랩을 활용한 효율성에 관한 가설검정방법으로 분석하여 수직분리가 철도산업의 운영효율성과 어떤 관련성을 가지고 있는지를 밝혀보고자 하였다. 1998년부터 2005년까지의 20개 유럽국가의 자료를 분석한 결과 검정통계량의 관측값은 수직분리구조를 가진 국가의 철도산업이 수직통합구조를 가졌거나 또는 지주회사의 형태로 수직통합을 유지하고 있는 국가의 철도산업보다 상대적으로 운영효율성이 높게 타나났으나 그러한 차이가 통계적으로 뒷받침되지는 못하였다.

Keywords

References

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