Specialisation, diversification, size and technical efficiency in ports: an empirical analysis using frontier techniques
This paper explores the relationship between output specialisation, diversification, size and technical efficiency in ports. Using a sample of Spanish port authorities observed over the period 1993-2012, we calculate a normalised Herfindahl-Hirschman index of overall specialisation and indices of re...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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TU Delft OPEN Publishing
2017-04-01
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| Series: | European Journal of Transport and Infrastructure Research |
| Online Access: | https://journals.open.tudelft.nl/ejtir/article/view/3195 |
| _version_ | 1797427227193769984 |
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| author | Beatriz Tovar Alan Wall |
| author_facet | Beatriz Tovar Alan Wall |
| author_sort | Beatriz Tovar |
| collection | DOAJ |
| description | This paper explores the relationship between output specialisation, diversification, size and technical efficiency in ports. Using a sample of Spanish port authorities observed over the period 1993-2012, we calculate a normalised Herfindahl-Hirschman index of overall specialisation and indices of relative specialisation in the individual cargoes. An output distance frontier is estimated using non-parametric Data Envelopment Analysis techniques to calculate technical efficiency. These efficiency scores are then used to test that relationship with a bootstrapped truncated regression. We find that both overall and relative output specialisation have a positive influence on technical efficiency. Moreover, the positive effects of specialisation on technical efficiency is reinforced for larger ports, which are in a better position to take advantage of economies of scale and which can also attract different types of cargo (enjoying also economies of scope) and therefore protect themselves from adverse demand conditions. Our results underline the trade-off for smaller port authorities between efficiency gains from specialisation and their vulnerability to market conditions for their main output. |
| first_indexed | 2024-03-09T08:41:14Z |
| format | Article |
| id | doaj.art-b7e20a8ef24b42fa8b313c0a37de718d |
| institution | Directory Open Access Journal |
| issn | 1567-7141 |
| language | English |
| last_indexed | 2024-03-09T08:41:14Z |
| publishDate | 2017-04-01 |
| publisher | TU Delft OPEN Publishing |
| record_format | Article |
| series | European Journal of Transport and Infrastructure Research |
| spelling | doaj.art-b7e20a8ef24b42fa8b313c0a37de718d2023-12-02T16:45:27ZengTU Delft OPEN PublishingEuropean Journal of Transport and Infrastructure Research1567-71412017-04-0117210.18757/ejtir.2017.17.2.31952807Specialisation, diversification, size and technical efficiency in ports: an empirical analysis using frontier techniquesBeatriz Tovar0Alan Wall1University of Las Palmas de Gran CanariaUniversity of OviedoThis paper explores the relationship between output specialisation, diversification, size and technical efficiency in ports. Using a sample of Spanish port authorities observed over the period 1993-2012, we calculate a normalised Herfindahl-Hirschman index of overall specialisation and indices of relative specialisation in the individual cargoes. An output distance frontier is estimated using non-parametric Data Envelopment Analysis techniques to calculate technical efficiency. These efficiency scores are then used to test that relationship with a bootstrapped truncated regression. We find that both overall and relative output specialisation have a positive influence on technical efficiency. Moreover, the positive effects of specialisation on technical efficiency is reinforced for larger ports, which are in a better position to take advantage of economies of scale and which can also attract different types of cargo (enjoying also economies of scope) and therefore protect themselves from adverse demand conditions. Our results underline the trade-off for smaller port authorities between efficiency gains from specialisation and their vulnerability to market conditions for their main output.https://journals.open.tudelft.nl/ejtir/article/view/3195 |
| spellingShingle | Beatriz Tovar Alan Wall Specialisation, diversification, size and technical efficiency in ports: an empirical analysis using frontier techniques European Journal of Transport and Infrastructure Research |
| title | Specialisation, diversification, size and technical efficiency in ports: an empirical analysis using frontier techniques |
| title_full | Specialisation, diversification, size and technical efficiency in ports: an empirical analysis using frontier techniques |
| title_fullStr | Specialisation, diversification, size and technical efficiency in ports: an empirical analysis using frontier techniques |
| title_full_unstemmed | Specialisation, diversification, size and technical efficiency in ports: an empirical analysis using frontier techniques |
| title_short | Specialisation, diversification, size and technical efficiency in ports: an empirical analysis using frontier techniques |
| title_sort | specialisation diversification size and technical efficiency in ports an empirical analysis using frontier techniques |
| url | https://journals.open.tudelft.nl/ejtir/article/view/3195 |
| work_keys_str_mv | AT beatriztovar specialisationdiversificationsizeandtechnicalefficiencyinportsanempiricalanalysisusingfrontiertechniques AT alanwall specialisationdiversificationsizeandtechnicalefficiencyinportsanempiricalanalysisusingfrontiertechniques |