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

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Author Info

  • Bergman, Mats A.

    ()
    (The Swedish Competition Authority)

  • Johansson, Per

    (Office of Labour Market Policy Evaluation (IFAU))

Abstract

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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File URL: http://swopec.hhs.se/iuiwop/papers/iuiwop0536.pdf
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Bibliographic Info

Paper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 536.

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Length: 31 pages
Date of creation: 25 Sep 2000
Date of revision:
Handle: RePEc:hhs:iuiwop:0536

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Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
Phone: +46 8 665 4500
Fax: +46 8 665 4599
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Web page: http://www.ifn.se/
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Keywords: Lumpy investments; Prices; Market size; Agglomeration; Distance; Investment determinants;

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References

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  1. Richard Blundell & Rachel Griffith & Frank Windmeijer, 1999. "Individual effects and dynamics in count data models," IFS Working Papers W99/03, Institute for Fiscal Studies.
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Cited by:
  1. José Ignacio Sémbler & Patricio Meller & Joaquín Vial, 2006. "Un Análisis Econométrico del Consumo Mundial de Celulosa," Documentos de Trabajo 227, Centro de Economía Aplicada, Universidad de Chile.

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