Publication details
Long-term Strucutral Decline of Railways
| Authors | |
|---|---|
| Year of publication | 2006 |
| Type | Article in Proceedings |
| Conference | History of Transport, Traffic, and Mobility. CD-ROM |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | railways; competition; transport policy |
| Description | The paper focuses on the market share decline of railway transport in developed countries. The paper starts with a basic analysis of economic history of railways. The idea of product life-cycle is then applied to interpret a long term economic development of railways. The decline of railways is understood as a period in a structural life-cycle of the industry. The key determinants of the decline are identified as road transport competition, changing patterns of the economy and railways internal inflexibility. |
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