2016
DOI: 10.1007/s11151-016-9525-0
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The Regulatory Determinants of Railroad Safety

Abstract: The dramatic improvement in railroad safety since the 1970s has been accompanied by a substantial increase in safety regulation and a substantial reduction in economic regulation after 1980. We assess the effects of both regulatory changes on railroad safety with the use of RegData: a new data set that was developed by one of the authors that measures the amount of regulation that is imposed by specific regulatory agencies on specific industries. We find that partial economic deregulation is associated with im… Show more

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Cited by 7 publications
(3 citation statements)
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“…The presented article is related with the safety on railways. The development of the railway safety issue in relation to the rail transport price is addressed by material [5], which is oriented mainly on the regulations leading to the increase of the safety of the railway. The key publications related to the presented topic are texts focusing on the detailed principles of the CBA analysis use in the railway infrastructure project assessment.…”
Section: Present-state Referencesmentioning
confidence: 99%
“…The presented article is related with the safety on railways. The development of the railway safety issue in relation to the rail transport price is addressed by material [5], which is oriented mainly on the regulations leading to the increase of the safety of the railway. The key publications related to the presented topic are texts focusing on the detailed principles of the CBA analysis use in the railway infrastructure project assessment.…”
Section: Present-state Referencesmentioning
confidence: 99%
“…More concretely, scholars have argued that legal complexity hampers economic development through several channels, including by the lowering of returns on capital and thus impeding innovation [40][41][42][43]. In recent years, several scholars have attempted to use data on aggregate regulatory levels to draw conclusions about the costs and benefits of various regulatory regimes [9,44,45]. In the realm of political discourse, trade associations representing regulated industry frequently bemoan legal complexity and the cumulative cost of regulations [46].…”
Section: General Characteristics Of Legal Systemsmentioning
confidence: 99%
“…Other studies have focussed not on identifying burdens but on identifying the complex relationship between regulation and other metrics. For instance, RegData can be used to study particular deregulatory events (see Ellig & McLaughlin, 2016) or as a measure of political risk (Hassan, Hollander, van Lent, & Tahoun, 2019). Other studies have examined the relationship between RegData restrictiveness clauses and wages (Adamis‐Császár et al., 2019), business investment in the manufacturing sector (Pizzola, 2018), output in the energy sector (Hall & Shakya, 2019), poverty (Chambers, McLaughlin, & Stanley, 2019a), consumer prices (Chambers, Collins, & Krause, 2019b), entrepreneurship (e.g.…”
Section: Regdata: Australia and The New Regulatory Analyticsmentioning
confidence: 99%