Analysis of Technical Efficiency and Rate of Return on Investment in Ports

Vicente Inglada () and Pablo Coto-Millán
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Vicente Inglada: University of Complutense
Pablo Coto-Millán: University of Cantabria

A chapter in Essays on Port Economics, 2010, pp 287-304 from Springer

Abstract: Abstract This article carries out a comparative technical efficiency analysis of investment in 27 Spanish ports using panel data over 20 years (1986–2005) and Data Envelopment Analysis (DEA) methodology. Results from the Tobit model suggest that the size of port has a negative impact on the total technical and scale efficiency of the ports. The results also show that Spanish ports have experienced an improvement in the total production factor which is due exclusively to the technical efficiency change since the average annual change corresponding to the technological change is negative. Finally, another result is that ports with a greater specialisation in general cargo (containerized and non-containerized general cargo) make significantly greater progress in technological change during the period analysed.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2425-4_18

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DOI: 10.1007/978-3-7908-2425-4_18

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