This paper addresses the remarkable institutional and economic changes in the Brazilian seaport system in the past 25 years. Port throughput has increased substantially following the growth in foreign trade and the institutional framework had remarkable changes, but it is still required to enhance private investment infrastructure by a clearer regulation and transport integration improvement. F…
Few studies have investigated the quantitative relationship between port ownership structure and port efficiency with mixed results. This study applies a stochastic frontier model proposed by Battese and Coelli [Battese, G.E., Coelli, T.J., 1995. A model for technique inefficiency effects in a stochastic frontier production function for panel data. Empirical Economics 20, 325–332], which inco…
Owing to its history as a nation fashioned from a federation of relatively autonomous states, port governance in the United States is largely in the hands of those 50 states rather than the federal government. Evolving from accustomed private ownership in the 18th and 19th centuries, seaports in the US are now commonly owned by public agencies, governed by public boards and yet often operated b…
An old, often-paraphrased adage (generally attributed to Georges Clemenceau) suggests that war is too important to be left to the generals''. Similarly, military privatization/ outsourcing is too important to be left to civilian accountants. The concept brings fear to labor unions and bureaucrats, and is a source of considerable risk. This paper examines potential benefits and potential problem…