Strategic Investments in the Pulp and Paper Industry: A Count Data Regression Analysis

Authors :: Bergman, Mats A.
Johansson, Per
Publication Year :: 2000
Publisher :: The Research Institute of Industrial Economics (IUI) Stockholm, 2000.
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.

Subjects :: Marktstruktur
Prices
Investment determinants
Distance
Agglomeration
Investition
L11
Papierindustrie
Lumpy investments
Regression
ddc:330
Market size
E22
D24
L73
Produktivität
Europa

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