Working Paper No. 536

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

Published: September 25, 2000Pages: 31Keywords: Lumpy Investments, Prices, Market Size, Agglomeration, Distance, Investment DeterminantsJEL-codes: L11; L73; E22; D24

Strategic Investments in the Pulp and Paper Industry: A Count Data Regression Analysis Mats Bergman and Per Johansson


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.

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

Omslag 2017 Institutional Reform for Innovation and Entrepreneurship.jpg

The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.

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