Comparative Study on Efficiency of the Seaports in China and Korea

The efficiency of the seaport has been variously studied utilizing either data envelopment analysis( DEA) or stochastic Frontier analysis( SFA). Given the strengths and weaknesses associated with these two approaches, applying both models to compute efficiency estimates for the 11 seaports of the China and Korea from 2012-2016 and comparing the results obtained. Main finding facts of this paper are as follows:( i) there are some differences among relative efficiency levels,but almost no differences among efficiency ranks in DEA and SFA results.( ii) The tendency of VRS is stronger in Chinese coastal seaports during the past several years.( iii) The values among seaports in SFA model are relatively smaller than those in the DEA models. The results show that the efficiency of major seaports in Korea is far lower than that of ports in China.