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Technical, allocative and cost efficiencies of Chinese ports

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  • Shiyuan Zheng
  • Chuanzhong Yin

Abstract

This paper reports on empirical studies of the technical, allocative, and cost efficiencies (CEs) of Chinese ports based on the panel data of 16 listed port corporations from 1998 to 2011 by means of Bayesian Inference and Markov Chain Monte Carlo methods. An error terms approach is used to resolve the Greene Problem in the estimation of allocative efficiency. The results show that the technical efficiencies have tended to decline in most ports. Inputs to R&D and improving management level are insufficient to offset this decline. Seaports have higher CEs than river ports. Ports with higher container cargo proportion have higher CEs. Ports with more than 50% of shares owned by the State have higher CEs.

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  • Shiyuan Zheng & Chuanzhong Yin, 2015. "Technical, allocative and cost efficiencies of Chinese ports," Maritime Policy & Management, Taylor & Francis Journals, vol. 42(8), pages 746-758, November.
    • Handle: RePEc:taf:marpmg:v:42:y:2015:i:8:p:746-758
    DOI: 10.1080/03088839.2015.1040860
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    Cited by:

    1. Zhang, Qiang & Zheng, Shiyuan & Geerlings, Harry & El Makhloufi, Abdel, 2019. "Port governance revisited: How to govern and for what purpose?," Transport Policy, Elsevier, vol. 77(C), pages 46-57.
    2. Zheng, Shiyuan & Ge, Ying-En & Fu, Xiaowen & Nie, Yu (Marco) & Xie, Chi, 2017. "Modeling collusion-proof port emission regulation of cargo-handling activities under incomplete information," Transportation Research Part B: Methodological, Elsevier, vol. 104(C), pages 543-567.
    3. Zheng, Shiyuan & Ge, Ying-En & Fu, Xiaowen & (Marco) Nie, Yu & Xie, Chi, 2020. "Demand information sharing in port concession arrangements," Transportation Research Part B: Methodological, Elsevier, vol. 138(C), pages 118-143.
    4. Shiyuan Zheng & Rudy R. Negenborn, 2017. "Terminal investment timing decisions in a competitive setting with uncertainty using a real option approach," Maritime Policy & Management, Taylor & Francis Journals, vol. 44(3), pages 392-411, April.
    5. Nicole Adler & Georg Hirte & Shravana Kumar & Hans-Martin Niemeier, 2022. "The impact of specialization, ownership, competition and regulation on efficiency: a case study of Indian seaports," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 24(3), pages 507-536, September.
    6. Qiang Cui, 2017. "Environmental efficiency measures for ports: an application of RAM-Tobit-RAM with undesirable outputs," Maritime Policy & Management, Taylor & Francis Journals, vol. 44(5), pages 551-564, July.

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