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A stochastic frontier model of the productive efficiency of Korean container terminals

Kevin Cullinane - Nama Orang; Dong-wook Song - Nama Orang;

A central objective of port privatization and/or deregulation policies is stimulating greater efficiency by engendering a more competitive market and commercial approach to management. Korea provides a prime example of a nation that is implementing such policies. Also, its ports play a pivotal role in world shipping, particularly in the ever-burgeoning container market. The success of these policies in increasing the productive efficiency of Korean container terminals is assessed. The UK container terminal sector provides a useful benchmark for comparison since privatization and deregulation have formed an integral part of UK port reforms for nearly 20 years and the effect on efficiency, having had time to mature, will be much easier to gauge. The stochastic frontier model is justified as the chosen methodology for estimating productive efficiency levels and is applied to cross-sectional data under a variety of distributional assumptions. A panel data model is also estimated. Results are consistent and suggest (1) The degree of private sector involvement in sample container terminals is positively related to productive efficiency and (2) Improved productive efficiency has followed the implementation of privatization and deregulation policies within the Korean sector. Even though not categorical, these conclusions are important because the market for container throughput is internationally competitive and if policies which promote competition between Korean container terminals lead to greater productive efficiency, this will inevitably make the sector as a whole more competitive internationally.


Ketersediaan
#
IPC Corporate University Library ATC LO CUL a
ATC1802908
Tersedia
Informasi Detail
Judul Seri
Applied Economics
No. Panggil
ATC LO CUL a
Penerbit
Hong Kong : routledge taylor france group., 2003
Deskripsi Fisik
18p
Bahasa
English
ISBN/ISSN
1466–4283
Klasifikasi
LO
Tipe Isi
-
Tipe Media
-
Tipe Pembawa
online resource
Edisi
2003
Subjek
Korean container terminals
A stochastic frontier model of the productive effi
Applied Economics
Info Detail Spesifik
-
Pernyataan Tanggungjawab
Kevin Cullinane
Versi lain/terkait
JudulEdisiBahasa
Crane Scheduling in Container Terminals : Mathematical Models, Heuristics and Algorithmsen
Essays on port economicsen
Container terminals and cargo systems : design, operations management, and logistics control issuesen
Lampiran Berkas
  • A stochastic frontier model of the productive efficiency of Korean container terminals
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Tentang Kami

PT Pendidikan Maritim dan Logistik Indonesia (PMLI) berdiri pada 10 Juli 2013, berdasarkan Akta Pendirian No. 26 Tanggal 10 Juli 2013 dan Akta Kementerian Hukum dan Hak Asasi Manusia No. AHU-45955.AH.01.01 tahun 2013.

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