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Incentive Regulation and Efficiency of Portuguese Port Authorities

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  • Carlos Pestana Barros

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    (Instituto Superior de Economia e Gestão, Technical University of Lisbon, Rua Miguel Lupi, 20, 1249–078 Lisbon, Portugal.)

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    Abstract

    In all European seaports, organisational efficiency forms a vital component of the activities to improve competitiveness in the market. As public enterprise entities, Portuguese seaports rely on government subsidies to meet their deficits. The policy of subsidisation is part of the regulatory procedures that are intended to provide incentives for increasing productive efficiency, thereby allowing seaports to share in the social gains from efficiency in the form of greater, or at least stable, employment and local development. In addition, the drive for greater efficiency is meant to assist the ports' preparation for some kind of privatisation. In this paper, we analyse the technical and allocative efficiencies of Portuguese seaport authorities in order to investigate if the state's policy is achieving its aims. We find that the results are, at best, mixed, leading us to conclude that the incentive regulation carried out by the government's regulatory body, the Maritime Port Agency, is not achieving its aims. Therefore, we propose a policy revision to enforce efficiency, based on a governance environment framework. Maritime Economics & Logistics (2003) 5, 55–69. doi:10.1057/palgrave.mel.9100060

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    Bibliographic Info

    Article provided by Palgrave Macmillan in its journal Maritime Economics & Logistics.

    Volume (Year): 5 (2003)
    Issue (Month): 1 (March)
    Pages: 55-69

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    Handle: RePEc:pal:marecl:v:5:y:2003:i:1:p:55-69

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    Cited by:
    1. Bichou, Khalid, 2013. "An empirical study of the impacts of operating and market conditions on container-port efficiency and benchmarking," Research in Transportation Economics, Elsevier, vol. 42(1), pages 28-37.
    2. Halkos, George & Tzeremes, Nickolaos, 2012. "Measuring seaports’ productivity: A Malmquist productivity index decomposition approach," MPRA Paper 40174, University Library of Munich, Germany.
    3. González, MarI´a Manuela & Trujillo, Lourdes, 2008. "Reforms and infrastructure efficiency in Spain's container ports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(1), pages 243-257, January.
    4. Woo, Su-Han & Pettit, Stephen J. & Kwak, Dong-Wook & Beresford, Anthony K.C., 2011. "Seaport research: A structured literature review on methodological issues since the 1980s," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(7), pages 667-685, August.
    5. repec:ise:isegwp:wp152008 is not listed on IDEAS
    6. Trujillo, L. & Tovar, B., 2007. "The European port industry: an analysis of its economic efficiency," Working Papers 07/05, Department of Economics, City University London.
    7. Gonzalez, M. & Trujillo, L., 2007. "Efficiency measurement in the port industry: a survey of the empirical evidence," Working Papers 07/08, Department of Economics, City University London.
    8. Caldeirinha, Vitor R. & Felicio, J. Augusto, 2011. "A influência dos factores de caracterização dos portos no desempenho, medido por indicadores operacionais, financeiros e de eficiência
      [The influence of factors characterizing the performance o
      ," MPRA Paper 30009, University Library of Munich, Germany.
    9. repec:ise:isegwp:wp192007 is not listed on IDEAS
    10. Rodriguez-Alvarez, Ana & Tovar, Beatriz & Trujillo, Lourdes, 2007. "Firm and time varying technical and allocative efficiency: An application to port cargo handling firms," International Journal of Production Economics, Elsevier, vol. 109(1-2), pages 149-161, September.

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