Decomposing Growth in Portuguese Seaports: A Frontier Cost Approach
This paper analyses the extent of technical change and technical efficiency in Portuguese seaport costs between 1990 and 2000, using a stochastic cost frontier method. A translog frontier and the maximum likelihood estimation technique are employed to estimate the empirical model. The results show that the average score of inefficiency is 39.6%, denoting a high degree of waste in the use of resources, despite the fact that technical change contributed to a reduction of costs. Maritime Economics & Logistics (2005) 7, 297–315. doi:10.1057/palgrave.mel.9100140
Year of publication: |
2005
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Authors: | Barros, Carlos Pestana |
Published in: |
Maritime Economics and Logistics. - Palgrave Macmillan, ISSN 1479-2931. - Vol. 7.2005, 4, p. 297-315
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Publisher: |
Palgrave Macmillan |
Saved in:
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