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

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.

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Year of publication:	2000-09-25
Authors:	Bergman, Mats A. ; Johansson, Per
Institutions:	Institutet för Näringslivsforskning (IFN)
Subject:	Lumpy investments \| Prices \| Market size \| Agglomeration \| Distance \| Investment determinants

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IUI Working Paper Series Number 536 31 pages
Classification:	D24 - Production; Capital and Total Factor Productivity; Capacity ; E22 - Capital; Investment (including Inventories); Capacity ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L73 - Forest Products: Lumber and Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005207063