Container Port Production and Economic Efficiency

Cover......Page 1
Contents......Page 8
List of Tables......Page 12
List of Figures......Page 13
Glossary of Symbols and Abbreviations......Page 15
Acknowledgements......Page 17
Foreword......Page 18
1.1 The importance of the container port industry......Page 20
1.2 Performance measurement, productivity and efficiency......Page 21
1.3 Measuring performance in the container port industry......Page 27
1.4 Problem statement......Page 28
1.6 Organisation of the book......Page 30
2.1 Introduction......Page 32
2.2 The economic functions of ports and their evolution......Page 33
2.3 The container port industry: the challenge of complexity......Page 35
2.4 The challenge from other market players......Page 37
2.5 Traditional theories of industrial market structure......Page 40
2.6.1 Inter-port competition......Page 41
2.6.2 Intra-port competition......Page 46
2.7 Summary......Page 51
3.1 Background......Page 52
3.2 Notation and symbols used......Page 56
3.3.1 Introduction to DEA......Page 58
3.3.2 DEA approaches using cross-sectional data......Page 59
3.3.3 DEA approaches using panel data......Page 64
3.4 Free disposal hull analysis......Page 68
3.5.1 Deterministic frontier econometric approaches......Page 70
3.5.2 Stochastic frontier approaches......Page 74
3.6 Econometric approaches using panel data......Page 77
3.7 Empirical comparisons of alternative approaches to efficiency estimation......Page 80
3.8.1 General performance measurement......Page 82
3.8.2 Efficiency measurement in the port industry: the DEA approach......Page 85
3.8.3 Efficiency measurement in the port industry: the SFA approach......Page 88
3.8.4 Lessons to be learned from applying DEA and SFA to port efficiency measurement......Page 91
3.9 Summary......Page 94
4.2 A procedure for efficiency measurement......Page 96
4.3 Port objectives......Page 98
4.4 Definition of variables......Page 100
4.5 Model specification......Page 106
4.6 Data collection......Page 108
4.7 Summary......Page 111
5.2.1 Non-parametric frontier estimation: DEA versus FDH......Page 112
5.2.2 Parametric frontier estimation: COLS versus SFA......Page 117
5.2.3 Comparison between non-parametric and parametric frontier models using cross-sectional data......Page 121
5.3.1 DEA panel analysis......Page 122
5.3.2 Time-invariant efficiency analysis using panel data......Page 125
5.3.3 Time-varying efficiency analysis using panel data......Page 128
5.3.4 Comparison between non-parametric and parametric frontier models using panel data......Page 129
5.4 Summary......Page 132
6.2 Testing the hypotheses......Page 135
6.3 Summary......Page 155
7.2.1 Contribution to container port production theory......Page 159
7.2.2 Contribution to methodological choice in measuring efficiency......Page 162
7.3 Recommendations for further research......Page 163
Appendix 1 Terminal Efficiency of the CCR, BCC and FDH Models......Page 166
Appendix 2 Efficiency Yielded from Alternative Parametric Approaches......Page 168
Appendix 3 DEA–CCR Window Analysis for Container Port Efficiency......Page 170
Appendix 4 DEA–BCC Window Analysis for Container Port Efficiency......Page 177
Appendix 5 DEA–CCR Contemporaneous Analysis of Container Port Efficiency......Page 184
Appendix 6 DEA–BCC Contemporaneous Analysis of Container Port Efficiency......Page 185
Appendix 7 DEA–CCR Intertemporal Analysis of Container Port Efficiency......Page 186
Appendix 8 DEA–BCC Intertemporal Analysis of Container Port Efficiency......Page 187
Appendix 9 Technical-invariant Efficiency Estimated by Alternative Models......Page 188
Appendix 10 Time-varying Efficiency by MLE......Page 189
References......Page 190
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Y......Page 208