A New Governance Perspective on Port–Hinterland Relationships: The Port Hinterland Impact (PHI) Matrix

Elvira Haezendonck (), Michael Dooms and Alain Verbeke ()
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Elvira Haezendonck: Vrije Universiteit Brussel (VUB)
Michael Dooms: Vrije Universiteit Brussel (VUB)
Alain Verbeke: University of Calgary

Chapter Chapter 2 in Sustainable Port Clusters and Economic Development, 2018, pp 9-34 from Palgrave Macmillan

Abstract: Abstract Many ports have become more functionally integrated with their hinterlands, with ports acting as “impact hubs” for a broad region. The new economic geography of port impacts, which have become more spatially dispersed than in the past, is imposing new contractual relationship challenges on ports and on the various economic actors in their hinterland with whom contractual relationships need to be crafted and fine-tuned. A contractual relationship refers to any economic exchange between two or more parties whereby these parties face the challenge of jointly selecting the most efficient “governance structure” for this exchange, given the characteristics of the transaction at hand. The presence of relationship-specific investments associated with an exchange, that is, dedicated investments that cannot be easily redeployed elsewhere without loss of economic value, calls for more complex contractual relations, and the extreme case being that of internalization.

Keywords: Impact hubs; Governance structure; Port impacts; Investment (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/978-3-319-96658-8_2

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