Impact of privatization on port efficiency and effectiveness: results from Panama and US ports

摘要: Panama has five main ports: Balboa and PSA International on the Pacific, Cristobal, Manzanillo Colon Container Terminal (CCT) Caribbean side. The government of originally operated ports Cristobal. After being transferred from United States government, most these were privatized in late 1990s. During this period, some have moved away operating to non-operating. There are more private sector involvements public–private partnerships. However, US there few full asset privatizations as was done Panama. This range provides opportunity study effects various types privatization port production. We use financial econometric techniques assess performance during operation operation. results provide an estimate savings effectiveness gains privatizations. Few studies examine effectiveness, beyond qu...