IDEAS home Printed from https://ideas.repec.org/a/taf/regstd/v48y2014i7p1279-1294.html
   My bibliography  Save this article

How are Investments Allocated in a Publicly Owned Port System? Political Factors versus Economic Criteria

Author

Listed:
  • JOSÉ I. Castillo-Manzano
  • Xavier Fageda

Abstract

Castillo-Manzano J. I. and Fageda X. How are investments allocated in a publicly owned port system? Political factors versus economic criteria, Regional Studies . This paper estimates the determinants of investments in port infrastructure in the Spanish regions made by the central administration. It is found that the use of the infrastructure in relation to capacity has some influence on the amount of investment received by a region. Furthermore, specialization in containers is also relevant for receiving more resources. However, it is found that when greater political decentralization does not go hand in hand with greater financial decentralization, the importance of tactical political aspects increases. Overall, efficiency plays a more relevant role in the regional allocation of investments in ports than in other transport infrastructures.

Suggested Citation

  • JOSÉ I. Castillo-Manzano & Xavier Fageda, 2014. "How are Investments Allocated in a Publicly Owned Port System? Political Factors versus Economic Criteria," Regional Studies, Taylor & Francis Journals, vol. 48(7), pages 1279-1294, July.
    • Handle: RePEc:taf:regstd:v:48:y:2014:i:7:p:1279-1294
    DOI: 10.1080/00343404.2012.699192
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00343404.2012.699192
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00343404.2012.699192?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. Carlos Pestana Barros, 2003. "Incentive Regulation and Efficiency of Portuguese Port Authorities," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 5(1), pages 55-69, March.
    2. José I. Castillo-Manzano & Juan P. Asencio-Flores, 2012. "Competition Between New Port Governance Models on the Iberian Peninsula," Transport Reviews, Taylor & Francis Journals, vol. 32(4), pages 519-537, January.
    3. Cesar Ducruet & Hans Koster & Daniel Van der Beek, 2010. "Commodity Variety and Seaport Performance," Regional Studies, Taylor & Francis Journals, vol. 44(9), pages 1221-1240.
    4. Estache, Antonio & Gonzalez, Marianela & Trujillo, Lourdes, 2002. "Efficiency Gains from Port Reform and the Potential for Yardstick Competition: Lessons from Mexico," World Development, Elsevier, vol. 30(4), pages 545-560, April.
    5. 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.
    6. Cadot, Olivier & Roller, Lars-Hendrik & Stephan, Andreas, 2006. "Contribution to productivity or pork barrel? The two faces of infrastructure investment," Journal of Public Economics, Elsevier, vol. 90(6-7), pages 1133-1153, August.
    7. Castillo-Manzano, José I. & Castro-Nuño, Mercedes & Laxe, Fernando González & López-Valpuesta, Lourdes & Teresa Arévalo-Quijada, M., 2009. "Low-cost port competitiveness index: Implementation in the Spanish port system," Marine Policy, Elsevier, vol. 33(4), pages 591-598, July.
    8. Tongzon, Jose & Heng, Wu, 2005. "Port privatization, efficiency and competitiveness: Some empirical evidence from container ports (terminals)," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(5), pages 405-424, June.
    9. César Ducruet & Sung-Woo Lee & Adolf Ng, 2010. "Centrality and vulnerability in liner shipping networks : revisiting the Northeast Asian port hierarchy," Post-Print hal-03246966, HAL.
    10. Bichou, K. & Gray, R., 2005. "A critical review of conventional terminology for classifying seaports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(1), pages 75-92, January.
    11. César Ducruet & Theo E. Notteboom, 2012. "The worldwide maritime network of container shipping: Spatial structure and regional dynamics," Post-Print halshs-00538051, HAL.
    12. Germa Bel & Xavier Fageda, 2009. "Preventing competition because of 'solidarity': rhetoric and reality of airport investments in Spain," Applied Economics, Taylor & Francis Journals, vol. 41(22), pages 2853-2865.
    13. César Ducruet & Sung-Woo Lee & Adolf K.Y. Ng, 2010. "Centrality and vulnerability in liner shipping networks: revisiting the Northeast Asian port hierarchy," Maritime Policy & Management, Taylor & Francis Journals, vol. 37(1), pages 17-36, January.
    14. César Ducruet & Theo Notteboom, 2012. "The worldwide maritime network of container shipping : Spatial structure and regional dynamics," Post-Print hal-03246962, HAL.
    15. Wang, James J. & Ng, Adolf Koi-Yu & Olivier, Daniel, 2004. "Port governance in China: a review of policies in an era of internationalizing port management practices," Transport Policy, Elsevier, vol. 11(3), pages 237-250, July.
    16. Castells, Antoni & Sole-Olle, Albert, 2005. "The regional allocation of infrastructure investment: The role of equity, efficiency and political factors," European Economic Review, Elsevier, vol. 49(5), pages 1165-1205, July.
    17. Daniel Albalate & Germà Bel & Xavier Fageda, 2012. "Beyond the efficiency-equity dilemma: Centralization as a determinant of government investment in infrastructure," Papers in Regional Science, Wiley Blackwell, vol. 91(3), pages 599-615, August.
    18. Meersman, Hilde M.A., 2005. "Port Investments in an Uncertain Environment," Research in Transportation Economics, Elsevier, vol. 13(1), pages 279-298, January.
    19. Patrick Verhoeven, 2009. "European ports policy: meeting contemporary governance challenges," Maritime Policy & Management, Taylor & Francis Journals, vol. 36(1), pages 79-101, February.
    20. F. Suykens & E. Van De Voorde, 1998. "A quarter a century of port management in Europe: objectives and tools," Maritime Policy & Management, Taylor & Francis Journals, vol. 25(3), pages 251-261, January.
    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. Hidalgo-Gallego, Soraya & Núñez-Sánchez, Ramón & Coto-Millán, Pablo, 2017. "Spatial non-price competition in port infrastructure services," MPRA Paper 80417, University Library of Munich, Germany.
    2. Albalate, Daniel & Bel, Germà & Fageda, Xavier, 2015. "When supply travels far beyond demand: Causes of oversupply in Spain's transport infrastructure," Transport Policy, Elsevier, vol. 41(C), pages 80-89.
    3. Pérez, Ivone & González, María Manuela & Trujillo, Lourdes, 2020. "Do specialisation and port size affect port efficiency? Evidence from cargo handling service in Spanish ports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 138(C), pages 234-249.
    4. Gomez, Juan & Papanikolaou, Anestis & Vassallo, José Manuel, 2016. "Measuring regional differences in users' perceptions towards interurban toll roads," Journal of Transport Geography, Elsevier, vol. 54(C), pages 22-33.
    5. Hidalgo-Gallego, Soraya & Núñez-Sánchez, Ramón & Coto-Millán, Pablo, 2021. "Strategic interdependence in capacity expansion: A spatial analysis for port infrastructure services," Transportation Research Part A: Policy and Practice, Elsevier, vol. 143(C), pages 14-29.

    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. 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.
    2. Tovar, Beatriz & Hernández, Rubén & Rodríguez-Déniz, Héctor, 2015. "Container port competitiveness and connectivity: The Canary Islands main ports case," Transport Policy, Elsevier, vol. 38(C), pages 40-51.
    3. José I. Castillo-Manzano & Juan P. Asencio-Flores, 2012. "Competition Between New Port Governance Models on the Iberian Peninsula," Transport Reviews, Taylor & Francis Journals, vol. 32(4), pages 519-537, January.
    4. Yang, Dong & Li, Lu & Notteboom, Theo, 2022. "Chinese investment in overseas container terminals: The role of investor attributes in achieving a higher port competitiveness," Transport Policy, Elsevier, vol. 118(C), pages 112-122.
    5. Odeck, James & Schøyen, Halvor, 2020. "Productivity and convergence in Norwegian container seaports: An SFA-based Malmquist productivity index approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 137(C), pages 222-239.
    6. Yao He & Yongchun Yang & Meimei Wang & Xudong Zhang, 2022. "Resilience Analysis of Container Port Shipping Network Structure: The Case of China," Sustainability, MDPI, vol. 14(15), pages 1-17, August.
    7. Moreira, Paulo Pires, 2012. "A Análise De Sines Como Ativo Geoestratégico Nacional: Um Cluster Suportado Nas Redes Marítimas Mundiais [The Analysis of Sines as a Geostrategic Asset: A Cluster Supported in the Maritime Chain]," MPRA Paper 47694, University Library of Munich, Germany, revised 04 Oct 2012.
    8. Viljoen, Nadia M. & Joubert, Johan W., 2016. "The vulnerability of the global container shipping network to targeted link disruption," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 462(C), pages 396-409.
    9. Xu, Mengqiao & Li, Zhenfu & Shi, Yanlei & Zhang, Xiaoling & Jiang, Shufei, 2015. "Evolution of regional inequality in the global shipping network," Journal of Transport Geography, Elsevier, vol. 44(C), pages 1-12.
    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.
    11. Liu, Qing & Yang, Yang & Ke, Luqi & Ng, Adolf K.Y., 2022. "Structures of port connectivity, competition, and shipping networks in Europe," Journal of Transport Geography, Elsevier, vol. 102(C).
    12. Jung, Paul H. & Thill, Jean-Claude, 2022. "Sea-land interdependence and delimitation of port hinterland-foreland structures in the international transportation system," Journal of Transport Geography, Elsevier, vol. 99(C).
    13. 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.
    14. César Ducruet, 2016. "The polarization of global container flows by interoceanic canals: geographic coverage and network vulnerability," Post-Print halshs-00749639, HAL.
    15. Bichou, Khalid, 2006. "Chapter 24 Review of Port Performance Approaches and a Supply Chain Framework to Port Performance Benchmarking," Research in Transportation Economics, Elsevier, vol. 17(1), pages 567-598, January.
    16. Oliveira, Gabriel Figueiredo de & Schaffar, Alexandra & Cariou, Pierre & Monios, Jason, 2021. "Convergence and growth traps in container ports," Transport Policy, Elsevier, vol. 110(C), pages 170-180.
    17. Peng, Peng & Poon, Jessie P.H. & Yang, Yu & Lu, Feng & Cheng, Shifen, 2019. "Global oil traffic network and diffusion of influence among ports using real time data," Energy, Elsevier, vol. 172(C), pages 333-342.
    18. Nicanor García Álvarez & Belarmino Adenso-Díaz & Laura Calzada-Infante, 2021. "Maritime Traffic as a Complex Network: a Systematic Review," Networks and Spatial Economics, Springer, vol. 21(2), pages 387-417, June.
    19. César Ducruet, 2020. "The geography of maritime networks: A critical review," Post-Print halshs-02922543, HAL.
    20. 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.

    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:regstd:v:48:y:2014:i:7:p:1279-1294. 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/CRES20 .

    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.