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Do contractual practices affect technical efficiency? Evidence from public transport operators in China |
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| Institution: | 1. Center for Studies in Logistics, Infrastructure and Management, COPPEAD Graduate Business School, Federal University of Rio de Janeiro, Rua Paschoal Lemme, 355, Rio de Janeiro CEP.: 21949-900, Brazil;2. Instituto Superior de Economia e Gestão, Technical University of Lisbon Rua Miguel Lupi, 20, 1249-078 Lisbon, Portugal;3. UECE (Research Unit on Complexity and Economics), Portugal;4. COPPEAD Graduate Business School, Federal University of Rio de Janeiro, Rua Paschoal Lemme, 355, Rio de Janeiro CEP.: 21949-900, Brazil;1. Indian Institute of Management Lucknow, U.P. - 226013, India;2. Indian Institute of Management Raipur, India;1. Department of Civil and Environmental Engineering, University of Alberta, Edmonton, Alberta, T6G 2W2, Canada;2. Department of Electrical and Computer Engineering, University of Alberta, Edmonton, Alberta, T6G 2W3, Canada |
| Abstract: | This paper presents a discussion on the causal effect of contractual practices on the technical efficiency of Chinese public transport operators. To test this proposition, an original panel data set covering 47 operators over the period 2008–2013 is used, we firstly estimate the technical efficiency based on the stochastic frontier approach in a time-varying form of the trans-log production function, and then consider a propensity score matching approach to assess the causal effect between them. The econometric results corroborate this proposition that gross cost contracts offer more incentives to technical efficiency than net cost contracts and management contracts. |
| Keywords: | Public transport Technical efficiency Contractual practices Stochastic frontier approach Trans-log production function Propensity score matching approach |
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