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Jurnal Ekonomi Malaysia

50 (2) 2016 3 – 14

Input Price Effect on Productivity Gains in the United States Railroad Industry
Kesan Harga Input terhadap Peningkatan Produktiviti dalam Industri Kereta Api di Amerika Syarikat

School of Economics
Faculty of Economics and Management
Universiti Kebangsaan Malaysia
43600 Bangi, Selangor
MALAYSIA

azrna@ukm.edu.my

Department of Economics
University of Wisconsin-Milwaukee
3210 N. Maryland Ave.
Bolton Hall 802
Milwaukee, WI 53211
UNITED STATES OF AMERICA

peoples@uwm.edu

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.

Keywords

Class-1 railroad; factor input price; Price effect; productivity
http://dx.doi.org/10.17576/JEM-2016-5002-01
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Abdullah Al-Hadi, , & Peoples, (2016). Input Price Effect on Productivity Gains in the United States Railroad Industry. Jurnal Ekonomi Malaysia, 50(2), 3–14. http://dx.doi.org/10.17576/JEM-2016-5002-01

@article{alhadi2016input,
  title={Input Price Effect on Productivity Gains in the United States Railroad Industry},
  author={Abdullah Al-Hadi, Azrina and Peoples, James},
  journal={Jurnal Ekonomi Malaysia},
  volume={50},
  number={2},
  pages={3—14},
 

year={2016},
}

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