Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/287554 
Year of Publication: 
2021
Citation: 
[Journal:] Maritime Economics & Logistics [ISSN:] 1479-294X [Volume:] 24 [Issue:] 3 [Publisher:] Palgrave Macmillan UK [Place:] London [Year:] 2021 [Pages:] 507-536
Publisher: 
Palgrave Macmillan UK, London
Abstract: 
We develop a two-stage formulation to estimate seaport performance and to understand the drivers of efficiency, which could potentially include specialization, ownership, competition and tariff regulation. The first-stage non-parametric, slacks-based measure estimates the technical efficiency of each port. For the second-stage analysis, we develop a set of contextual variables including an absolute measure of specialization and a berth-level measure of ownership structure. To measure competition, we develop spatial measures that quantify the level of competition as a function of distance. We subsequently apply this formulation to major Indian seaports, covering a period of 21 years, from 1995 to 2015. The first-stage results suggest that average seaport efficiency has increased gradually over time. The second-stage fixed effects regressions show that specialization and external stakeholder participation have significant positive impacts on seaport performance. Perhaps surprisingly, we find that, in a tiered governance framework, competition between major seaports and local seaports has a significant negative impact on performance, potentially due to excessive infrastructure. Finally, changes in the regulatory mechanism over time are shown to be efficiency improving.
Subjects: 
Indian seaports
Technical efficiency
Specialization
Ownership
Competition
Tariff regulation
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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