IDEAS home Printed from https://ideas.repec.org/a/taf/marpmg/v40y2013i2p100-115.html
   My bibliography  Save this article

Impact of privatization on port efficiency and effectiveness: results from Panama and US ports

Author

Listed:
  • Anthony M. Pagano
  • Grace W.Y. Wang
  • Onésimo V. Sánchez
  • Ricardo Ungo

Abstract

Panama has five main ports: Balboa and PSA Panama International on the Pacific, and Cristóbal, Manzanillo and Colon Container Terminal (CCT) on the Caribbean side. The government of Panama originally operated the ports of Balboa and Cristóbal. After being transferred from the United States government, most of these ports were privatized in the late 1990s. During this period, some ports in the United States have moved away from operating to non-operating. There are more private sector involvements and public--private partnerships. However, in the US there are few full asset privatizations as was done in Panama. This range of privatizations provides the opportunity to study the effects of various types of privatization on port production. We use financial econometric techniques to assess port performance during government operation and private sector operation. The results of the study provide an estimate of the savings and effectiveness gains from privatizations. Few studies examine effectiveness, beyond questionnaires of users. However, especially for transshipment ports as are the case in Panama, service variables, along with price, are very important in determining demand for service. This study compares the effectiveness of Panama privatized ports with US ports in which there are degrees of privatization.

Suggested Citation

  • Anthony M. Pagano & Grace W.Y. Wang & Onésimo V. Sánchez & Ricardo Ungo, 2013. "Impact of privatization on port efficiency and effectiveness: results from Panama and US ports," Maritime Policy & Management, Taylor & Francis Journals, vol. 40(2), pages 100-115, March.
    • Handle: RePEc:taf:marpmg:v:40:y:2013:i:2:p:100-115
    DOI: 10.1080/03088839.2012.756589
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/03088839.2012.756589
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/03088839.2012.756589?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Unknown, 2012. "Transportation Research Forum," 53rd Annual Transportation Research Forum, Tampa, Florida, March 15-17, 2012 207218, Transportation Research Forum.
    2. Unknown, 2012. "Port of Tampa," 53rd Annual Transportation Research Forum, Tampa, Florida, March 15-17, 2012 207224, Transportation Research Forum.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shaher Z. Zahran & Jobair Bin Alam & Abdulrahem H. Al-Zahrani & Yiannis Smirlis & Stratos Papadimitriou & Vangelis Tsioumas, 2020. "Analysis of port efficiency using imprecise and incomplete data," Operational Research, Springer, vol. 20(1), pages 219-246, March.
    2. Aidan R. VINING & Anthony E. BOARDMAN & Mark A. MOORE, 2014. "The Theory And Evidence Pertaining To Local Government Mixed Enterprises," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(1), pages 53-86, March.
    3. Hong-Oanh Nguyen & Hong-Van Nguyen & Young-Tae Chang & Anthony T. H. Chin & Jose Tongzon, 2016. "Measuring port efficiency using bootstrapped DEA: the case of Vietnamese ports," Maritime Policy & Management, Taylor & Francis Journals, vol. 43(5), pages 644-659, July.
    4. 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.
    5. Wang, Wei & Liu, Xiujuan & Ding, Lili & Li, Chen & Zhang, Wensi, 2018. "The optimal port privatization levels under inter-port competition: Considering both horizontal and vertical differentiation," Economics Discussion Papers 2018-84, Kiel Institute for the World Economy (IfW Kiel).
    6. Shilin Ye & Xinhua Qi & Yecheng Xu, 2020. "Analyzing the relative efficiency of China’s Yangtze River port system," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 22(4), pages 640-660, December.
    7. Hong-Oanh Nguyen & Hong-Son Nghiem & Young-Tae Chang, 2018. "A regional perspective of port performance using metafrontier analysis: the case study of Vietnamese ports," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 20(1), pages 112-130, March.
    8. Merkel, Axel & Holmgren, Johan, 2017. "Dredging the depths of knowledge: Efficiency analysis in the maritime port sector," Transport Policy, Elsevier, vol. 60(C), pages 63-74.
    9. Wenming Shi & Kevin X. Li, 2017. "Themes and tools of maritime transport research during 2000-2014," Maritime Policy & Management, Taylor & Francis Journals, vol. 44(2), pages 151-169, February.
    10. Feng Pian & Lili Xu & Yuyan Chen & Sang-Ho Lee, 2020. "Global Emission Taxes and Port Privatization Policies under International Competition," Sustainability, MDPI, vol. 12(16), pages 1-25, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. JANSSENS, Jochen & DE CORTE, Annelies & SÖRENSEN, Kenneth, 2016. "Water distribution network design optimisation with respect to reliability," Working Papers 2016007, University of Antwerp, Faculty of Business and Economics.
    2. Xuan Phuong Nguyen, 2019. "The Bus Transportation Issue And People Satisfaction With Public Transport In Ho Chi Minh City ," Journal of Mechanical Engineering Research & Developments (JMERD), Zibeline International Publishing, vol. 42(1), pages 10-16, January.
    3. Cao, Zhejing & Zhang, Xiaohu & Chua, Kelman & Yu, Honghai & Zhao, Jinhua, 2021. "E-scooter sharing to serve short-distance transit trips: A Singapore case," Transportation Research Part A: Policy and Practice, Elsevier, vol. 147(C), pages 177-196.
    4. Sparger, Adam & Prater, Marvin, 2012. "A Comprehensive Rail Rate Index for Grain," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 51(2).
    5. Jesus Gonzalez-Feliu & Aurélie Mercier, 2013. "A combined people-freight accessibility approach for urban retailing and leisure planning at strategic level," Post-Print halshs-00919537, HAL.
    6. Eléonora Morganti & Laetitia Dablanc & François Fortin, 2014. "Final deliveries for online shopping: the deployment of pickup point networks in urban and suburban areas," Post-Print hal-01067223, HAL.
    7. Steven A. Sass, 2014. "Privatizing Railroad Retirement," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number prr, August.
    8. Rubensson, Isak & Börjesson, Maria, 2018. "Satisfaction with crowding in public transport," Working papers in Transport Economics 2018:6, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
    9. Jesus Gonzalez-Feliu & Pierre Basck & Eleonora Morganti, 2013. "Urban logistics solutions and financing mechanisms: a scenario assessment analysis," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 54, pages 1-11.
    10. Jesus Gonzalez-Feliu & Josep-Maria Salanova Grau, 2012. "Is urban logistics pooling viable? A multistakeholder multicriteria analysis," Post-Print halshs-00750752, HAL.
    11. Ofori Debrah & Nasiru Inusah & Joseph Yaw Dwommor, 2021. "Students' Satisfaction with Accounting Teachers' Lesson Delivery, the Role of Perceived Quality of Lesson Delivery in Ghanaian Senior High Schools," Business and Economic Research, Macrothink Institute, vol. 11(1), pages 109-124, March.
    12. Shuli Luo & Sylvia Y He, 2021. "Using data mining to explore the spatial and temporal dynamics of perceptions of metro services in China: The case of Shenzhen," Environment and Planning B, , vol. 48(3), pages 449-466, March.
    13. Jesus Gonzalez-Feliu & Eichi Taniguchi & Bruno Faivre d'Arcier, 2014. "Financing urban logistics projects. From public utility to public-private partnerships," Working Papers halshs-01074619, HAL.
    14. Ning Yin & Yapeng Wang, 2017. "Impacts of Rural Labor Resource Change on the Technical Efficiency of Crop Production in China," Agriculture, MDPI, vol. 7(3), pages 1-12, March.
    15. Chang Albitres, Carlos M. & Krugler, Paul E. & Ibarra, Iraki & Montes, Edith, 2012. "A Dynamic Programming Optimization Approach for Budget Allocation to Early Right-of-Way Acquisitions," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 51(3).
    16. Tareq Bani-Khalid & Ahmad Farhan Alshira’h & Malek Hamed Alshirah, 2022. "Determinants of Tax Compliance Intention among Jordanian SMEs: A Focus on the Theory of Planned Behavior," Economies, MDPI, vol. 10(2), pages 1-20, January.
    17. Martland, Carl D., 2012. "Productivity Improvements in the U.S. Rail Freight Industry 1980-2010," 53rd Annual Transportation Research Forum, Tampa, Florida, March 15-17, 2012 207088, Transportation Research Forum.
    18. Georgiana Madar & Hanna Maoh & William Anderson, 2020. "Examining the robustness of the Ontario truck road network," Journal of Geographical Systems, Springer, vol. 22(3), pages 309-333, July.
    19. Alain Bonnafous & Jesus Gonzalez-Feliu & Jean-Louis Routhier, 2013. "An alternative UGM Paradigm to O-D matrices: the FRETURB model," Post-Print halshs-00844652, HAL.
    20. Vigren, Andreas, 2016. "Cost efficiency in Swedish public transport," Research in Transportation Economics, Elsevier, vol. 59(C), pages 123-132.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:marpmg:v:40:y:2013:i:2:p:100-115. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TMPM20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.