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Distributing the Gains from Waterfront Productivity Improvements

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  • DENIS LAWRENCE
  • ANYA RICHARDS
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    Abstract

    Despite significant increases in waterfront productivity in recent years, waterfront users have complained that reductions in charges have been insufficient. This paper applies an indexing method that allows us to construct 'what-if' scenarios where the contribution of productivity, price changes and changes in firm size to stevedore profitability can clearly be seen. We then calculate the distribution of the benefits of productivity improvements between customers, labour and shareholders. We find that the direct purchasers of stevedoring services have reaped gains from waterfront reform over the past five years, receiving around 67 per cent of the available 'productivity dividend' in the form of lower real stevedoring prices. Copyright � 2004 Economic Society of Australia..

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    Bibliographic Info

    Article provided by The Economic Society of Australia in its journal The Economic Record.

    Volume (Year): 80 (2004)
    Issue (Month): s1 (09)
    Pages: S43-S52

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    Handle: RePEc:bla:ecorec:v:80:y:2004:i:s1:p:s43-s52

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    Cited by:
    1. E. Grifell-Tatje & C. A. K. Lovell, 2006. "Productivity at the Post: its Drivers and its Distribution," CEPA Working Papers Series WP022006, School of Economics, University of Queensland, Australia.
    2. Antonio Estache & Emili Grifell-Tatjé, 2010. "Assessing the impact of Mali's water privatization across stakeholders," Working Papers ECARES ECARES 2010-037, ULB -- Universite Libre de Bruxelles.

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