Journal of Korean Society of Transportation (대한교통학회지)

Korean Society of Transportation (대한교통학회)
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Production Characteristics and Efficiency of Korean Railroad Industry using a Distance Function

거리함수를 이용한 한국 철도산업의 생산특성 및 효율성 분석

  • Published : 2006.08.31
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Abstract

In order to construct an information pool on the production characteristics and efficiency of Korean railroad industry, various alternative approaches have to be applied. In this paper we present an empirical application of the distance function to measure the technical efficiency and the production characteristics of Korean railroad industry, The distance function firstly introduced by Shephard (1953) provides the advantage that it does not need information about prices, so it can accommodate the multiple output nature of the railway only using the quantifies as data. This is of great relevance in the context of the public sector such as railroad industry where there are often distinct control mechanisms on input prices. Also the distance function allows us to obtain a measure of technical efficiency as well as a measure of production characteristics. From annual data on Korean railroad industry during 1964-2004, multiple output distance function is estimated using quadratic programming model. The resulting technical efficiency estimates has tended to be improved over the period $1980{\sim}2004$. The indirect Morishima elasticities of substitution indicate that the substitutabilities for labor are relatively very low or impossible. The average scale elasticity is 2.7 which means that increasing the scale by 1per cent will result in an output increase by 2.7 percent. This result indicates that economies of scale are present in the Korean railroad industry.

우리나라 철도산업의 생산특성과 효율성에 관하여 충분히 검토된 양질의 정보가 축적되기 위해서는 다양한 각도에서 다양한 방법으로 검토가 필요하다. 본 논문에서는 거리함수를 이용한 우리나라 철도산업의 생산특성 및 기술효율성 분석결과를 제시한다. Shephard(1953)가 처음 소개한 거리함수는 가격에 관한 정보를 필요로 하지 않는다. 따라서 가격에 관한 자료를 구하기 어렵거나 또는 공공부문의 경우처럼 가격에 대한 통제가 존재하는 상황에서 효과적인 분석수단이 될 수 있다. 또한 다수투입 다수산출 생산기술을 다룰 수 있으며 생산특성과 효율성을 동시에 분석할 수 있는 장점을 갖고 있다. 한국철도의 1963년부터 2004년까지의 연도별 자료로부터 이차계획법모형을 사용하여 거리함수를 추정하였다. 추정된 기술효율성은 1980년 이후 2004년까지 점진적으로 개선되고 있는 것으로 나타났다. 간접 Morishima대체탄력성 추정결과는 노동을 다른 투입으로 대체하는 것이 매우 어렵거나 또는 불가능한 것으로 나타났다. 평균 규모탄력성은 2.7로 나타났으며 이는 규모를 1%증가시켰을 때 산출이 2.7%증가함을 의미한다. 즉 한국철도에 규모의 경제가 존재함을 의미한다.

Keywords

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