Value creation in the port: opening the boundaries to the market

In the era of fierce competition among ports as elements of value chain systems, the opening of the boundaries to the market represents a crucial challenge that port authority has to cope with, in order to guarantee a lasting economic and social development of the port and its hinterland. We propose a theoretical framework to analyse value creation in the port and its hinterland through two core concepts: resource allocation and interaction. We illustrate such framework with the case of the port of Naples and, specifically, the contribution of the port authority and other port business operators to the value creation process of Garofalo, an export-oriented firm located in its hinterland. A discussion and suggestions for future research are provided in the last section.