This paper examines the impact of investments in modernization and innovation on productivity in a sample of firms in the global pulp and paper industry. This industry is important because it has traditionally accounted for significant amounts of employment and capital investment in North...

Introduction -- The Political Economy of Raw Materials in the Global Paper Industry 1861-1960 -- The Esparto Grass Trade -- The Pursuit of Wood Pulp -- Bamboo for Papermaking -- The Paper Trade and the British Empire -- A Retrospective View of the British Paper Industry -- Conclusions.

Introduction -- The Political Economy of Raw Materials in the Global Paper Industry 1861-1960 -- The Esparto Grass Trade -- The Pursuit of Wood Pulp -- Bamboo for Papermaking -- The Paper Trade and the British Empire -- A Retrospective View of the British Paper Industry -- Conclusions.