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Evaluating impacts of institutional reforms on port efficiency changes: Ownership, corporate structure, and total factor productivity changes of world container ports

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  • Cheon, SangHyun
  • Dowall, David E.
  • Song, Dong-Wook

Abstract

This paper evaluates how port institutional reforms influenced efficiency gains between 1991 and 2004. We constructed a panel data for port ownership, corporate structure, and port inputs and outputs for 98 major world ports, and we implemented the Malmquist Productivity Index (MPI) model. The MPI provides efficiency measures for input combinations that allow for obtaining the outputs in the presence of institutional reforms, ownership changes, main agent problems, technological progress, efficient scale growth, and many other reasons for efficiency and the lack of it. The results illustrate that ownership restructuring contributed to total factor productivity gains. The restructuring induced optimized operation of container terminals, especially for large ports, as it allowed specialized private entities to concentrate on terminal operation and cargo handling services.

Suggested Citation

  • Cheon, SangHyun & Dowall, David E. & Song, Dong-Wook, 2010. "Evaluating impacts of institutional reforms on port efficiency changes: Ownership, corporate structure, and total factor productivity changes of world container ports," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(4), pages 546-561, July.
    • Handle: RePEc:eee:transe:v:46:y:2010:i:4:p:546-561
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    Citations

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    Cited by:

    1. Coronado Mondragon, Adrian E. & Coronado Mondragon, Christian E. & Coronado, Etienne S., 2017. "ICT adoption in multimodal transport sites: Investigating institutional-related influences in international seaports terminals," Transportation Research Part A: Policy and Practice, Elsevier, vol. 97(C), pages 69-88.
    2. Tsionas, Mike G. & Merikas, Andreas G. & Merika, Anna A., 2012. "Concentrated ownership and corporate performance revisited: The case of shipping," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(4), pages 843-852.
    3. repec:eee:transa:v:103:y:2017:i:c:p:118-134 is not listed on IDEAS
    4. 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.
    5. Liehui Wang & Theo Notteboom & Yui-yip Lau & Adolf K. Y. Ng, 2017. "Functional Differentiation and Sustainability: A New Stage of Development in the Chinese Container Port System," Sustainability, MDPI, Open Access Journal, vol. 9(3), pages 1-17, February.
    6. Madeira, Armando Gonçalves & Cardoso, Moacyr Machado & Belderrain, Mischel Carmen Neyra & Correia, Anderson Ribeiro & Schwanz, Silvia Helena, 2012. "Multicriteria and multivariate analysis for port performance evaluation," International Journal of Production Economics, Elsevier, vol. 140(1), pages 450-456.
    7. Chang, Víctor & Tovar, Beatriz, 2014. "Drivers explaining the inefficiency of Peruvian and Chilean ports terminals," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 67(C), pages 190-203.
    8. Coto-Millán, Pablo & Fernández, Xose Luis & Hidalgo, Soraya & Pesquera, Miguel Ángel, 2016. "Public regulation and technical efficiency in the Spanish Port Authorities: 1986–2012," Transport Policy, Elsevier, vol. 47(C), pages 139-148.
    9. Güner, Samet, 2015. "Investigating infrastructure, superstructure, operating and financial efficiency in the management of Turkish seaports using data envelopment analysis," Transport Policy, Elsevier, vol. 40(C), pages 36-48.
    10. Xavier Fageda & Marta Gonzalez-Aregall, 2012. "“Regulation of Port Charges in Spain: Global versus Local Competition”," IREA Working Papers 201217, University of Barcelona, Research Institute of Applied Economics, revised Oct 2012.
    11. Chang, Víctor & Tovar, Beatriz, 2014. "Efficiency and productivity changes for Peruvian and Chilean ports terminals: A parametric distance functions approach," Transport Policy, Elsevier, vol. 31(C), pages 83-94.
    12. Pérez, Ivone & Trujillo, Lourdes & González, María Manuela, 2016. "Efficiency determinants of container terminals in Latin American and the Caribbean," Utilities Policy, Elsevier, vol. 41(C), pages 1-14.
    13. Wu, Wei-Ming & Lin, Jenn-Rong, 2015. "Productivity growth, scale economies, ship size economies and technical progress for the container shipping industry in Taiwan," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 73(C), pages 1-16.
    14. Song, Bingliang & Cui, Yuanyuan, 2014. "Productivity changes in Chinese Container Terminals 2006–2011," Transport Policy, Elsevier, vol. 35(C), pages 377-384.
    15. Núñez-Sánchez, Ramón & Coto-Millán, Pablo, 2012. "The impact of public reforms on the productivity of Spanish ports: A parametric distance function approach," Transport Policy, Elsevier, vol. 24(C), pages 99-108.

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