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

Mats Bergman () and Per Johansson ()
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Mats Bergman: Research Institute of Industrial Economics, Postal: Box 5501, SE-114 85 Stockholm, Sweden

No 536, Umeå Economic Studies from Umeå University, Department of Economics

Abstract: 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.

Keywords: Lumpy investments; Prices; Market size; Agglomeration; Distance (search for similar items in EconPapers)
JEL-codes: L11 L16 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-his and nep-ind
Date: 2000-05-16
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Related works:
Working Paper: Strategic Investments in the Pulp and Paper Industry: A Count Data Regression Analysis (2000)
Working Paper: Strategic Investments in the Pulp and Paper Industry: A Count Data Regression Analysis (2000)
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