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

  • Bergman, Mats A.

    ()

    (The Swedish Competition Authority)

  • Johansson, Per

    (Office of Labour Market Policy Evaluation (IFAU))

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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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
Contact details of provider: Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
Phone: +46 8 665 4500
Fax: +46 8 665 4599
Web page: http://www.ifn.se/
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