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

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  • Bergman, Mats

    ()
    (Research Institute of Industrial Economics)

  • Johansson, Per

    ()
    (IFAU - Office of Labour Market Policy Evaluation)

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.

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Bibliographic Info

Paper provided by Umeå University, Department of Economics in its series Umeå Economic Studies with number 536.

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Length: 31 pages
Date of creation: 16 May 2000
Date of revision:
Handle: RePEc:hhs:umnees:0536

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Postal: Department of Economics, Umeå University, S-901 87 Umeå, Sweden
Phone: 090 - 786 61 42
Fax: 090 - 77 23 02
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Web page: http://www.econ.umu.se/
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Keywords: Lumpy investments; Prices; Market size; Agglomeration; Distance;

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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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