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Chapter 22 Port Performance: An Economics Perspective

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  • Talley, Wayne K.

Abstract

This chapter presents methodologies for evaluating the economic performance of a port. This performance may be evaluated from the standpoint of technical efficiency, cost efficiency and effectiveness by comparing the port's actual throughput with its economic technically efficient, cost efficient and effectiveness optimum throughput, respectively. The port's economic performance may also be evaluated by comparing the actual values of its performance indicators to their standards (that satisfy an economic objective of the port). If the actual values approach (depart from) the standards over time, the port's performance with respect to its economic objective has improved (deteriorated) over time.

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  • Talley, Wayne K., 2006. "Chapter 22 Port Performance: An Economics Perspective," Research in Transportation Economics, Elsevier, vol. 17(1), pages 499-516, January.
    • Handle: RePEc:eee:retrec:v:17:y:2006:i:1:p:499-516
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    References listed on IDEAS

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    1. Tongzon, Jose, 2001. "Efficiency measurement of selected Australian and other international ports using data envelopment analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(2), pages 107-122, February.
    2. Cullinane, Kevin & Song, Dong-Wook & Gray, Richard, 2002. "A stochastic frontier model of the efficiency of major container terminals in Asia: assessing the influence of administrative and ownership structures," Transportation Research Part A: Policy and Practice, Elsevier, vol. 36(8), pages 743-762, October.
    3. Pablo Coto-Millan & Jose Banos-Pino & Ana Rodriguez-Alvarez, 2000. "Economic efficiency in Spanish ports: some empirical evidence," Maritime Policy & Management, Taylor & Francis Journals, vol. 27(2), pages 169-174, April.
    4. Theo Notteboom & Chris Coeck & Julien Van Den Broeck, 2000. "Measuring and Explaining the Relative Efficiency of Container Terminals by Means of Bayesian Stochastic Frontier Models," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 2(2), pages 83-106, June.
    5. Kim, Moshe & Sachish, Arie, 1986. "The Structure of Production, Technical Change and Productivity in a Port," Journal of Industrial Economics, Wiley Blackwell, vol. 35(2), pages 209-223, December.
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    Cited by:

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    2. Kahuina Miller & Tetsuro Hyodo, 2021. "Impact of the Panama Canal expansion on Latin American and Caribbean ports: difference in difference (DID) method," Journal of Shipping and Trade, Springer, vol. 6(1), pages 1-23, December.
    3. Suárez-Alemán, Ancor & Morales Sarriera, Javier & Serebrisky, Tomás & Trujillo, Lourdes, 2016. "When it comes to container port efficiency, are all developing regions equal?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 86(C), pages 56-77.
    4. Ha, Min-Ho & Yang, Zaili, 2017. "Comparative analysis of port performance indicators: Independency and interdependency," Transportation Research Part A: Policy and Practice, Elsevier, vol. 103(C), pages 264-278.
    5. Zhang, Qiang & Zheng, Shiyuan & Geerlings, Harry & El Makhloufi, Abdel, 2019. "Port governance revisited: How to govern and for what purpose?," Transport Policy, Elsevier, vol. 77(C), pages 46-57.
    6. Elvira Haezendonck & Bruno Moeremans, 2020. "Measuring value tonnes based on direct value added: a new weighted analysis for the port of Antwerp," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 22(4), pages 661-673, December.
    7. Robert Philipp, 2020. "Digital readiness index assessment towards smart port development," Sustainability Nexus Forum, Springer, vol. 28(1), pages 49-60, June.
    8. Tsakiridis, Andreas & Mateo-Mantecón, Ingrid & O'Connor, Eamonn & Hynes, Stephen & O'Donoghue, Cathal, 2021. "Efficiency benchmarking of Irish and North Atlantic Spanish ports: Implications for blue growth," Utilities Policy, Elsevier, vol. 72(C).
    9. Suárez-Alemán, Ancor & Morales Sarriera, Javier & Serebrisky, Tomás & Trujillo, Lourdes, 2016. "When it comes to container port efficiency, are all developing regions equal?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 86(C), pages 56-77.
    10. Ha, Min-Ho & Yang, Zaili & Notteboom, Theo & Ng, Adolf K.Y. & Heo, Man-Wook, 2017. "Revisiting port performance measurement: A hybrid multi-stakeholder framework for the modelling of port performance indicators," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 103(C), pages 1-16.

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