Journal of Forest Economics > Vol 8 > Issue 1

Large investments in the pulp and paper industry: a count data regression analysis

Mats A. Bergman, , Per Johansson, , M.A. Bergman, ,
 
Suggested Citation
Mats A. Bergman, Per Johansson and M.A. Bergman (2002), "Large investments in the pulp and paper industry: a count data regression analysis", Journal of Forest Economics: Vol. 8: No. 1, pp 29-52. http://dx.doi.org/10.1078/1104-6899-00003

Published: 0/0/2002
© 0 2002 Mats A. Bergman, Per Johansson, M.A. Bergman
 
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Keywords
Lumpy investmentspricesmarket sizeagglomerationdistanceinvestment determinants
 

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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 1988-1997 is used in the regression analysis. We find the wages, the USD/ECU exchange rate, the price of paper and the installed production capacity to be the main determinants of large investments in this industry. Our measure of market size has no - or only very small - effects.

DOI:10.1078/1104-6899-00003