Long-term Strucutral Decline of Railways

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Authors

TOMEŠ Zdeněk

Year of publication 2006
Type Article in Proceedings
Conference History of Transport, Traffic, and Mobility. CD-ROM
MU Faculty or unit

Faculty of Economics and Administration

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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