Working Paper Series
Mats A. Bergman
Strategic Investments in the Pulp and Paper Industry: A Count Data Regression Analysis
() and Per Johansson
Abstract: This paper analyses the effects of price and market size
variables on the investment propensities in the pulp and paper industry. A
panel of 15 European countries in the time period 1984 - 1997 is used in
the regression analysis. We find the wages, the US/ECU exchange rate, the
price of paper and the installed production capacity to be the main
determinants of strategic investments in this industry. Our measure of
market size have no - or only very small - effects.
Keywords: Lumpy investments; Prices; Market size; Agglomeration; Distance; Investment determinants; (follow links to similar papers)
JEL-Codes: D24; E22; L11; L73; (follow links to similar papers)
31 pages, September 25, 2000
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