A re-examination of four decades' deregulation effect on competition and productivity of the US freight rail transportation industry
Wedi'i Gadw mewn:
| Cyhoeddwyd yn: | Journal of International Logistics and Trade vol. 22, no. 1 (2024), p. 22 |
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| Cyhoeddwyd: |
Jungseok Research Institute of International Logistics & Trade
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| Mynediad Ar-lein: | Citation/Abstract Full Text |
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Dim Tagiau, Byddwch y cyntaf i dagio'r cofnod hwn!
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MARC
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| 001 | 3128990123 | ||
| 003 | UK-CbPIL | ||
| 022 | |a 1738-2122 | ||
| 022 | |a 2508-7592 | ||
| 024 | 7 | |a 10.1108/JILT-07-2023-0046 |2 doi | |
| 035 | |a 3128990123 | ||
| 045 | 2 | |b d20240101 |b d20241231 | |
| 084 | |a 160428 |2 nlm | ||
| 100 | 1 | |a Shin, Seungjae |u Mississippi State University, Meridian, Mississippi, USA | |
| 245 | 1 | |a A re-examination of four decades' deregulation effect on competition and productivity of the US freight rail transportation industry | |
| 260 | |b Jungseok Research Institute of International Logistics & Trade |c 2024 | ||
| 513 | |a Journal Article | ||
| 520 | 3 | |a Purpose - The purpose of this study is to compare the competition and productivity of the US freight rail transportation industry for the past 41 years (1980 ~ 2020), which consists of the two periods, before and after the abolishment of the Interstate Commerce Commission (ICC) in 1995. Design/methodology/approach - This study investigates any relationships between the market concentration index values and labor productivity values in the separate two periods, and how the existence of a regulatory body in the freight transportation market impacted the productivity of the freight rail transportation industry by using a Cobb-Douglas production function on annual financial statement data from the US stock exchange market. Findings - This study found that, after the abolishment of the ICC: (1) the rail industry became less competitive, (2) even if the rail industry had an increasing labor productivity trend, there was a strong negative correlation between the market concentration index and labor productivity and (3) the rail industry's total factor productivity was decreased. Originality/value - This study is to find empirical evidence of the effect of the ICC abolishment on the competition and productivity levels in the US freight rail transportation industry using a continuous data set of 41-year financial statements, which is unique compared to previous studies. | |
| 610 | 4 | |a Interstate Commerce Commission--ICC | |
| 651 | 4 | |a United States--US | |
| 653 | |a 21st century | ||
| 653 | |a Literature reviews | ||
| 653 | |a Regulatory agencies | ||
| 653 | |a Trends | ||
| 653 | |a Interstate commerce | ||
| 653 | |a Transportation industry | ||
| 653 | |a Deregulation | ||
| 653 | |a Efficiency | ||
| 653 | |a Competition | ||
| 653 | |a Labor productivity | ||
| 773 | 0 | |t Journal of International Logistics and Trade |g vol. 22, no. 1 (2024), p. 22 | |
| 786 | 0 | |d ProQuest |t ABI/INFORM Global | |
| 856 | 4 | 1 | |3 Citation/Abstract |u https://www.proquest.com/docview/3128990123/abstract/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |
| 856 | 4 | 0 | |3 Full Text |u https://www.proquest.com/docview/3128990123/fulltext/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |