The impact of governance on the technical efficiency of container ports
研究了所有权、竞争和监管对远东及亚洲地区集装箱港口技术效率的影响，发现独立监管机构和多数私有化能提升效率，对政策制定者和港口管理者有参考价值。
• Port efficiency depends on governance structures balancing competition, regulation and private sector involvement. • Independent regulatory authorities best encourage technical efficiency. • Private participation, hinterland competition and transhipment competition help enhance technical efficiency. • A majority private port having low hinterland competition and an independent regulator is the most technically efficient. We examine the impact of ownership, competition and regulation on the technical efficiency of container ports, with a focus on governance-related factors. We employ stochastic frontier analysis to investigate the interplay between privatization levels, hinterland and transhipment competition and economic regulators across the Far East and Asian regions. Our findings suggest that independent regulators foster higher technical efficiency compared to regulation by government ministries or port authorities. Moreover, majority privately owned ports demonstrate higher technical efficiency than those with minority private ownership. Additionally, our results reveal that transhipment competition positively affects container port efficiency. Perhaps surprisingly, the independence of the economic regulator is more critical to technical efficiency than hinterland competition. We recommend that policymakers promote the independence of regulators and encourage privatization to enhance the technical efficiency of container ports, thereby strengthening global supply chains.