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A Comparative Study of the Relationship between Port Effeciency and Ownership Structure
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A Comparative Study of the Relationship between Port Effeciency and Ownership Structure
Hwang, Jin-Soo; Jorn, Hong-Suk; Kan, Sung-Chan;
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Few studies have investigated the quantitative relationship between port ownership structure and port efficiency with mixed results. This paper therefore contributes to the empirical literature by investigating the impact of port privatization on port efficiency using sample data drawn from the world's major ports. Moreover, this study applies the Bayesian approach to estimate the impact of port ownership on port efficiency. We fit Bayesian stochastic frontier model which is introduced by Griffin and Steel (2007) by WinBUGS. World's 25 main ports data are used for analysis. Based on MCMC sampling, we estimate parameters of the model and efficiency index of each ports. Moreover, we add estimates from package Frontier 4.1c in order to compare them with Bayesian results.
Stochastic Frontier;Technical Inefficiency;Bayesian Inference;MCMC;WinBUGS;
 Cited by
동아시아 유럽 북미 컨테이너항만의 상대적 효율성 비교 분석,박구웅;

한국항만경제학회지, 2010. vol.26. 4, pp.219-246
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