Economic efficiency in Spanish ports: some empirical evidence

By P. Coto-Millán, J. Baños-Pino, Ana Rodríguez-Álvarez. 2000

249 citations recorded by the source corpus.

In this study, a stochastic frontier cost function is used to estimate the econmic efficiency of Spanish ports through panel data. The sample covers annual data of 27 Spanish ports from 1985–1989. By comparing a Cobb-Douglas function with a translog, it is found that the latter best represents the technology according to the data. Analysing the efficiency indices obtained, it is found that the relatively larger ports are more economically inefficient. Moreover, the presence of large scale economies has been detected, as well as a lack of technical progress for the period considered.

Subfields: Economics and Econometrics, Industrial and Manufacturing Engineering, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/c3857bf8e404c09bdb50f54ef09f6206ef3fddc2

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Industrial and Manufacturing Engineering

In Management Science and Operations Research

Citations in the corpus

Efficiency Measurement in the Port Industry: A Survey of the Empirical Evidence (2009, methodology): “This latter approach is also used by Coto-Millán et al. (2000), Martín (2002) and González (2004) to define the capital input; these two latter studies also incorporate the surface area of the port.”
Concentration and the formation of multi-port gateway regions in the European container port system: an update (2010, background): “…attention in recent literature, see e.g. Wang and Cullinane (2006) and Notteboom et al (2000) on European terminals, Martinez-Budria et al (1999), Coto-Millan et al (2000) and Bonilla et al (2004) on Spanish terminals, Barros and Athanasiou (2004) on Greek and Portuguese ports and Barros (2006)…”