Dea-bootstrapping analysis of the financial efficiency model of the spanish port system

Abstract

With the aim of obtaining the financial efficiency of the system as a whole and of its Port Authorities, a DEA-Bootstrapping model study has been performed to determine the overall performance, a methodology used mainly to obtain terminal efficiencies and applied to the port system in this article. Economic inputs have been selected, such as total assets and net income from port charges, as opposed to operational outputs, as these are performance indicators; the tons moved in a year and the vessels housed in the same period. The conclusions drawn include, firstly, that the overall average financial efficiency of the Spanish port system was low for 2017 and 2018 (close to 0.44), primarily caused by the assets of which the system is composed. Secondly, the ports with the highest financial efficiency are consolidated ports in the Spanish port system, with large volumes of traffic and assets designed to attract new vessels and goods.