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
Authors:	Bergman, Mats A. ; Johansson, Per
Publisher:	Stockholm : The Research Institute of Industrial Economics (IUI)
Subject:	Investition \| Produktivität \| Marktstruktur \| Regression \| Papierindustrie \| Europa \| Lumpy investments \| Prices \| Market size \| Agglomeration \| Distance \| Investment determinants

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Series:	IUI Working Paper ; 536
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/94801 [Handle] RePEc:hhs:iuiwop:0536 [RePEc]
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:	EconStor

Persistent link: https://www.econbiz.de/10010334771