Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/94801
Authors: 
Bergman, Mats A.
Johansson, Per
Year of Publication: 
2000
Series/Report no.: 
IUI Working Paper 536
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.
Subjects: 
Lumpy investments
Prices
Market size
Agglomeration
Distance
Investment determinants
JEL: 
D24
E22
L11
L73
Document Type: 
Working Paper

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