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Multifactor productivity in railroad transportation
John Duke
Economist, Office of Productivity and
Technology, Bureau of Labor Statistics
Diane Litz and Lisa Usher
Economists, formerly with the Office of
Productivity and Technology, Bureau of Labor Statistics
Multifactor productivity growth in this industry averaged 3.5 percent per year between 1958 and 1989. Consolidation of railroads into larger systems, particularly in the 1980's, generated operational efficiencies that, with technological changes, boosted productivity. This article introduces the multifactor productivity measure for railroad transportation.
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