Assessing the technical efficiency of container ports based on a non-monotonic inefficiency effects model

Volkan Efecan and İzzettin Temiz

Utilities Policy, 2023, vol. 81, issue C

Abstract: This study aims to assess the technical efficiency of container ports in the Mediterranean and the Black Sea for the 2017–2019 period. A non-monotonic inefficiency effects model is used since it can reveal non-monotonic relationships and capture observation-specific marginal effects. Findings imply that while increasing physical size has non-monotonic effects on efficiency, increasing connectivity has monotonic positive effects on efficiency. Decision-makers should avoid large-scale infrastructure investments triggered by only the fierce competition to control underutilization. Making decisions focused on higher connectivity about marketing and operational structure could positively impact the performance of container ports.

Keywords: Container port; Efficiency; Stochastic frontier analysis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:81:y:2023:i:c:s0957178723000061

DOI: 10.1016/j.jup.2023.101494

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