search query: @indexterm Savings / total: 351
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| Author: | Ying, J. S. |
| Title: | The inefficiency of regulating a competitive industry: Productivity gains in trucking following reform |
| Journal: | Review of Economics and Statistics
1990 : MAY, VOL. 72:2, p. 191-201 |
| Index terms: | PRODUCTIVITY COMPETITIVENESS REGULATIONS COST REDUCTION SAVINGS |
| Language: | eng |
| Abstract: | The higher productivity levels predicted by advocates of regulatory reform in trucking is confirmed. It is shown that these gains have been substantial. Cost simulations suggest that following a year of higher expenditures, efforts to remain competitive have yielded considerable cost savings which increase over time, from 1 p.c. in 1981 to 23 p.c in 1984. The indirect effects of reform through the independent variables initially decrease costs but later lead to higher costs. The cumulative effect has been a less than 1 p.c. increase in costs in 1980, becoming by 1984, a significant 16 p.c. productivity gain. |
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