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

The effects of price and market size variables on the investment propensities in the pulp and paper industry are analyzed. A panel of 15 European countries for the time period 1984 - 1997 is used in the regression analysis. We find that the wages, the $US/ECU$ exchange rate, the price of paper and the installed production capacity are the main determinants of strategic investments in this industry. There are no - or only very small - effects from our measures of market size.

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Year of publication:	2000-05-16
Authors:	Bergman, Mats ; Johansson, Per
Institutions:	Institutionen för Nationalekonomi, Umeå Universitet
Subject:	Lumpy investments \| Prices \| Market size \| Agglomeration \| Distance

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Extent:	application/pdf
Series:	Umeå Economic Studies.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Umeå Economic Studies Number 536 31 pages
Classification:	L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005652044