Economic Governance of Railways in a Federation
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Authors
Wills-Johnson, Nick
Date
2007Type
Journal Article
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Wills-Johnson, Nick. 2007. Economic Governance of Railways in a Federation. Public Policy 2 (3).
Source Title
Public Policy
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Faculty
Curtin Business School
School of Economics and Finance
School
Department of Economics
Collection
Abstract
Until recently, Australia?s State Government-owned railways operated almost entirely within their home states. This has begun to change, in response to the new dynamics unleashed by economic and structural reforms which began in the 1990s. The economic regulatory system that governs third party access to track infrastructure is still a mix of State and Federal regulation, which has lead to calls for greater consistency. However, it is not clear how much centralisation is optimal. This paper examines railway governance from an historical and a functional perspective, and argues that the best approach is not technocratic, but institutional
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