Determinants of Australian Rail Productivity in the 20th Century
29 Pages Posted: 3 Dec 2008
Date Written: December 1, 2008
Productivity growth in Australia's railways through the 20th Century was neither smooth nor uniformly positive. It was static or falling for much of the century, before increasing rapidly with dieselisation and the rise of minerals traffic. This paper uses regression analysis to develop an understanding of the factors which drove productivity growth throughout the 20th Century, using a unique dataset developed at the Centre for Research in Applied Economics at Curtin University. It aims not only to understand the growth of rail in the 20th Century, but also to provide lessons for policymakers about what can assist it in continuing to grow in the 21st.
Keywords: Railways, Productivity
JEL Classification: D24, L92
Suggested Citation: Suggested Citation