Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance
Autor(a) principal: | |
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Data de Publicação: | 2012 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Journal of Transport Literature |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312012000100002 |
Resumo: | Assessing the effects of ownership structure on efficiency has received considerable attention in the aviation management literature. Commercialization has been widely employed both in developing and developed countries as a means of increasing operational efficiency. Since airports and seaports are operationally similar, this paper examines the literature and methods used to assess the effects of privatization in both types of infrastructure. We observe that the impact of privatization on performance depends not only on the degree of privatization but on the competition in the market. Following a 4-level specification commonly employed in the seaport literature that captures degrees of privatization, we estimate a stochastic frontier model for airport efficiency as a function of ownership. We conclude that airport authorities in the United States are equally as efficient as fully privatized airports elsewhere, due to a high degree of competition and fiscal independence from the other governmental entities. Additionally, while privatization may be an effective mechanism of introducing corporatization into infrastructures that are characterized by poor competition and direct government control, the airport authority appears to achieve the benefits of privatization in operation without actual transfer of ownership. |
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Journal of Transport Literature |
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Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performanceairportseaportprivatizationownershipperformancestochastic frontierAssessing the effects of ownership structure on efficiency has received considerable attention in the aviation management literature. Commercialization has been widely employed both in developing and developed countries as a means of increasing operational efficiency. Since airports and seaports are operationally similar, this paper examines the literature and methods used to assess the effects of privatization in both types of infrastructure. We observe that the impact of privatization on performance depends not only on the degree of privatization but on the competition in the market. Following a 4-level specification commonly employed in the seaport literature that captures degrees of privatization, we estimate a stochastic frontier model for airport efficiency as a function of ownership. We conclude that airport authorities in the United States are equally as efficient as fully privatized airports elsewhere, due to a high degree of competition and fiscal independence from the other governmental entities. Additionally, while privatization may be an effective mechanism of introducing corporatization into infrastructures that are characterized by poor competition and direct government control, the airport authority appears to achieve the benefits of privatization in operation without actual transfer of ownership.Sociedade Brasileira de Planejamento dos Transportes2012-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312012000100002Journal of Transport Literature v.6 n.1 2012reponame:Journal of Transport Literatureinstname:Sociedade Brasileira de Planejamento dos Transportes (SBPT)instacron:SBPTR10.1590/S2238-10312012000100002info:eu-repo/semantics/openAccessVasigh,BijanHoward,Clara Vydyanatheng2014-10-03T00:00:00Zoai:scielo:S2238-10312012000100002Revistahttp://www.journal-of-transport-literature.org/https://old.scielo.br/oai/scielo-oai.php||alessandro.oliveira@pq.cnpq.br|| editor.jtl@gmail.com2238-10312238-1031opendoar:2014-10-03T00:00Journal of Transport Literature - Sociedade Brasileira de Planejamento dos Transportes (SBPT)false |
dc.title.none.fl_str_mv |
Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance |
title |
Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance |
spellingShingle |
Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance Vasigh,Bijan airport seaport privatization ownership performance stochastic frontier |
title_short |
Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance |
title_full |
Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance |
title_fullStr |
Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance |
title_full_unstemmed |
Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance |
title_sort |
Evaluating airport and seaport privatization: a synthesis of the effects of the forms of ownership on performance |
author |
Vasigh,Bijan |
author_facet |
Vasigh,Bijan Howard,Clara Vydyanath |
author_role |
author |
author2 |
Howard,Clara Vydyanath |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Vasigh,Bijan Howard,Clara Vydyanath |
dc.subject.por.fl_str_mv |
airport seaport privatization ownership performance stochastic frontier |
topic |
airport seaport privatization ownership performance stochastic frontier |
description |
Assessing the effects of ownership structure on efficiency has received considerable attention in the aviation management literature. Commercialization has been widely employed both in developing and developed countries as a means of increasing operational efficiency. Since airports and seaports are operationally similar, this paper examines the literature and methods used to assess the effects of privatization in both types of infrastructure. We observe that the impact of privatization on performance depends not only on the degree of privatization but on the competition in the market. Following a 4-level specification commonly employed in the seaport literature that captures degrees of privatization, we estimate a stochastic frontier model for airport efficiency as a function of ownership. We conclude that airport authorities in the United States are equally as efficient as fully privatized airports elsewhere, due to a high degree of competition and fiscal independence from the other governmental entities. Additionally, while privatization may be an effective mechanism of introducing corporatization into infrastructures that are characterized by poor competition and direct government control, the airport authority appears to achieve the benefits of privatization in operation without actual transfer of ownership. |
publishDate |
2012 |
dc.date.none.fl_str_mv |
2012-03-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312012000100002 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S2238-10312012000100002 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/S2238-10312012000100002 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Sociedade Brasileira de Planejamento dos Transportes |
publisher.none.fl_str_mv |
Sociedade Brasileira de Planejamento dos Transportes |
dc.source.none.fl_str_mv |
Journal of Transport Literature v.6 n.1 2012 reponame:Journal of Transport Literature instname:Sociedade Brasileira de Planejamento dos Transportes (SBPT) instacron:SBPTR |
instname_str |
Sociedade Brasileira de Planejamento dos Transportes (SBPT) |
instacron_str |
SBPTR |
institution |
SBPTR |
reponame_str |
Journal of Transport Literature |
collection |
Journal of Transport Literature |
repository.name.fl_str_mv |
Journal of Transport Literature - Sociedade Brasileira de Planejamento dos Transportes (SBPT) |
repository.mail.fl_str_mv |
||alessandro.oliveira@pq.cnpq.br|| editor.jtl@gmail.com |
_version_ |
1750318362150305792 |