Efficiency benchmarking of Irish and North Atlantic Spanish ports: Implications for blue growth
Stephen Hynes and
Cathal O'Donoghue ()
Utilities Policy, 2021, vol. 72, issue C
This paper aims to assess the efficiency of Irish and North Atlantic Spanish ports in generating traffic and examine changes in efficiency over the period 2000-15. Specifically, technical efficiency scores are derived by using stochastic frontier analysis. Subsequently, cluster analysis is employed to develop a robust typology of ports for efficiency benchmarking. This paper has identified two clusters of ports with the estimated average technical efficiency of cluster 1 ports being much higher than the efficiency of cluster 2 ports. Differences in efficiency and main characteristics of clusters have persisted during the period 2000-15.
Keywords: Stochastic frontier analysis; European Atlantic ports; Small and medium-sized ports (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:72:y:2021:i:c:s0957178721001028
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