The relationship between privatization and DEA estimates of efficiency in the container port industry

Wang, Teng-fei; Cullinane, Kevin; Ji, Ping; Wang, Tengfei

Abstract

A major objective of port privatization is to improve the efficiency of the sector. This paper presents the pros and cons of port privatization and provides an empirical examination of the relationship between privatization and relative efficiency within the container port industry. Data envelopment analysis (DEA) is justified as the chosen methodology for analysing the relative efficiency of container ports and is applied in a variety of configurations to industry panel data. The paper concludes with the rejection of the hypothesis that greater private sector involvement in the container port sector irrevocably leads to improved efficiency.

Citation

Wang, T., Cullinane, K., Ji, P., & Wang, T. (2005). The relationship between privatization and DEA estimates of efficiency in the container port industry. Journal of Economics and Business, 57(5), 433-462. https://doi.org/10.1016/j.jeconbus.2005.02.007

• Journal Article Type: Article
• Acceptance Date: Feb 11, 2005
• Publication Date: 2005-09
• Deposit Date: Apr 24, 2008
• Journal: Journal of Economics and Business
• Print ISSN: 0148-6195
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 57
• Issue: 5
• Pages: 433-462
• DOI: https://doi.org/10.1016/j.jeconbus.2005.02.007
• Keywords: Port privatization; Efficiency; Data envelopment analysis
• Public URL: http://researchrepository.napier.ac.uk/id/eprint/1876
• Publisher URL: http://dx.doi.org/10.1016/j.jeconbus.2005.02.007