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Measuring Seaports' Productivity: A Malmquist Productivity Index Decomposition Approach

George Halkos () and Nickolaos Tzeremes

Journal of Transport Economics and Policy, 2015, vol. 49, issue 2, 355-376

Abstract: This paper uses three different Malmquist productivity index (MPI) decompositions to measure Greek seaports' productivity for the period 2006-10. Bootstrap techniques are applied in order for confidence intervals of MPIs and their components to be constructed, and to verify if the indicated changes are statistically significant. Finally, a second-stage nonparametric analysis is applied identifying the effect of seaports' size on their productivity levels. The results reveal that the number of terminals is a crucial determinant of seaports' productivity levels. Additionally, it appears that the high length of Greek seaports has a negative influence on their productivity levels over the years. © 2015 LSE and the University of Bath

Date: 2015
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Journal of Transport Economics and Policy is currently edited by B T Bayliss, S A Morrison, A Smith and D Graham

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