Publication details

Applying the life cycle theory: the rise and fall of railways

Investor logo

TOMEŠ Zdeněk

Year of publication 2008
Type Article in Periodical
Magazine / Source The Journal of Transport History
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords life cycle railways
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.
Related projects:

You are running an old browser version. We recommend updating your browser to its latest version.

More info