The impact of competition on container port (in)efficiency |
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| Institution: | 1. University of Toulon, LEAD, 70 avenue Roger Devoucoux, 83000 Toulon, France;2. Kedge Business School, 680 Cours de la Libération, 33405 Talence, France;1. Division of Economics, Center for Research and Teaching of Economics (CIDE), Carretera Mexico Toluca 3655, Col. Lomas de Santa Fe, 01210 Mexico DF, Mexico;2. Infrastructure and Transport Research Group, Department of Applied Economics, University Las Palmas de Gran Canaria, Campus de Tafira, Modulo D, Despacho 2.20, 35017 Las Palmas de Gran Canaria, Spain;1. Infrastructure and Transport Research Group (EIT), Department of Applied Economics, University of Las Palmas de Gran Canaria, Campus Universitario de Tafira, Modulo D, Las Palmas de Gran Canaria 35017, Spain;2. Oviedo Efficiency Group, Department of Economics, University of Oviedo, Avenida del Cristo s/n, Oviedo 33071, Spain;1. Department of Public Administration and Sociology, Erasmus University Rotterdam, Burgemeester Oudlaan 50, 3062PA, Rotterdam, the Netherlands;2. Faculty of Policy, Technology, and Management, Delft University of Technology, Jaffalaan 5, 2628BX, Delft, the Netherlands;3. Research Centre for Sustainable Port Cities, Rotterdam University of Applied Sciences, Heijplaatstraat 23, 3089JB, Rotterdam, the Netherlands;4. Project EURECA (Effective Use of Reefer Containers Through the Port of Rotterdam – a Transition Oriented Approach), the Netherlands;1. Inter-American Development Bank, USA;2. The World Bank, USA |
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| Abstract: | There are many studies on container port efficiency and that seek to understand what factors, such as technical and scale efficiency, private versus public terminal management or macro-economic factors, play on the efficiency score of a given port. There are fewer studies that focus on the role played by the inter-port competitive environment. This role remains difficult to assess. In fact, on the one hand, a port subject to high inter-port competition may record higher efficiency scores due to the pressure from the competitive environment. On the other hand, a port subject to high competition may be forced to over-invest and could therefore records a lower efficiency score. This article investigates this issue and examines how the degree of competition measured at different levels (local, regional and global level) impacts the efficiency score of a given container port. To do so, we implement a truncated regression with a parametric bootstrapping model. The model applied to information gathered for 200 container ports in 2007 and 2010 leads to the following conclusions: port efficiency decreases with competition intensity when measured in a range of 400–800 km (regional level); and the effect from competition is not significant when competition is measured at a local (less than 300 km) or at a global (more than 800 km) level. Estimates also show a tendency for ports who invested from 2007 to 2010 to experience a general decrease in efficiency scores, an element which could be explained by the time lag between the investment and the subsequent potential increase in container throughput. |
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| Keywords: | Port Competition Efficiency Bootstrapped regression DEA |
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