Input price effect on productivity gains in the United States railroad industry

Research output: Contribution to journalArticle

Abstract

This study examines factor input price effects on productivity in the railroad industry. Past research examining productivity trends in this industry limit their analysis to the effect of non-factor input prices. This study contributes to the literature by considering the effect of input prices on railroad productivity. Such an analysis significant in part because of the importance of fuel prices and wages as drivers of cost in this industry. Findings suggest that price effects are not the main source of changes in productivity. However, among the price effects, the price of material and price of way and structures show larger and significant magnitudes in explaining the sources of changes in productivity compared to other prices. Interestingly, price of labor and price of fuel are the input prices that contribute the least to changes in unit cost.

Original languageEnglish
Pages (from-to)3-4
Number of pages2
JournalJurnal Ekonomi Malaysia
Volume50
Issue number2
DOIs
Publication statusPublished - 2016

Fingerprint

Railroad
Input prices
Price effects
Industry
Productivity
Unit cost
Factors
Research productivity
Labor
Wages
Fuel price
Costs

Keywords

  • Class-1 railroad
  • Factor input price
  • Price effect
  • Productivity

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)

Cite this

Input price effect on productivity gains in the United States railroad industry. / Abdullah Al-Hadi, Azrina; Peoples, James.

In: Jurnal Ekonomi Malaysia, Vol. 50, No. 2, 2016, p. 3-4.

Research output: Contribution to journalArticle

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