Excess Capacity, Economic Efficiency and Technical Change in a Public-Owned Port System: An Application to the Infrastructure Services of Spanish Ports

Part of the Contributions to Economics book series (CE)


In this paper we estimate both a technical efficiency measure and the evolution of allocative efficiency in the infrastructure services of Spanish ports during the period 1986–2005. To achieve this aim, we estimate a system of equations consisting of a multioutput translog input distance function and cost shares equations. The results show that Spanish ports do not minimize their costs. Additionally, from 1992, we observe a process of under-utilization of capital relative to labour, coinciding with a decentralized process of the organizations that own and control the land and activities at Spanish ports.


Cost Share Allocative Efficiency Infrastructure Service Shadow Prex Port Authority 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  1. 1.University of CantabriaSantanderSpain

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