The Basic Rail Transportation Infrastructure Index (BRTI Index) is a synthetic measure combining

rail transportation Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prep ...

metrics (existence of modern rail networks and average speed of main inter-urban itineraries) and

cost efficiency Cost efficiency (or cost optimality), in the context of parallel computer algorithms, refers to a measure of how effectively parallel computing can be used to solve a particular problem. A parallel algorithm is considered cost efficient if its asy ...

observations, used as an indicator a country’s relative development in modern land transportation. The index was first developed by World Pensions Council (WPC)

financial economist Financial economics, also known as finance, is the branch of economics characterized by a "concentration on monetary activities", in which "money of one type or another is likely to appear on ''both sides'' of a trade".William F. Sharpe"Financial ...

s within a cross-country comparative framework that included ten key jurisdictions: the UK, Canada, China, France, Germany, Italy, Russia, Turkey, the US, and Brazil. The relative advancement of a nation’s (rail) transportation infrastructure can also be measured using a more refined model called (Modified) Rail Transportation Infrastructure Index: ‘(M) RTI’ or simply ‘RTI’, whereby cost-efficiency is given more weight (x2) than average speed (x1), thus allowing for more robust cross-country comparisons M. Nicolas J. Firzli
‘2014 LTI Rome Conference: Infrastructure-Driven Development to Conjure Away the EU Malaise?’, Revue Analyse Financière, Q1 2015 – Issue N°54
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References

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Rail transportation Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prep ...

Rail infrastructure