The productivity of ports in APEC region: A study through the stochastic frontier analysis

Abstract

This research aims to determine Total Factor Productivity (TFP) of 40 main ports of the APEC region during the period 2005-2015. TFP is measured from its components: technological change, efficiency technical change and scale efficiency change, instrumenting Stochastic Frontier Analysis (SFA). The number of teus is the dependent variable and the length of dock and personnel employed as independent variables. On average, the APEC ports had an increase in their TFP of 5.10%, where scale efficiency change is the one with the highest incidence with 4%.