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

SangHyun Cheon, David E. Dowall, Dong Wook Song

    Research output: Contribution to journalArticle

    94 Citations (Scopus)

    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. © 2009 Elsevier Ltd.

    Original languageEnglish
    Pages (from-to)546-561
    Number of pages16
    JournalTransportation Research Part E: Logistics and Transportation Review
    Volume46
    Issue number4
    DOIs
    Publication statusPublished - Jul 2010

    Keywords

    • Malmquist Productivity Index (MPI)
    • Port corporate structure
    • Port efficiency
    • Port ownership
    • Port reform
    • Total factor productivity changes

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