Choice of location for investments in the European paper industry: the impact of wastepaper

被引：9
|
作者：
Lundmark, R [1 ]
机构：
[1] Lulea Univ Technol, Div Econ, SE-97187 Lulea, Sweden
来源：
RESOURCES CONSERVATION AND RECYCLING | 2001年 / 33卷 / 03期
关键词：
conditional logit; location decision; investment; wastepaper; paper recycling;
D O I：
10.1016/S0921-3449(01)00083-0
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
This paper identifies and estimates the relative impact that factor input prices, output market size and agglomeration effects have on the choice of location for investment projects in the European pulp and paper industry, with special focus on the price of wastepaper. A conditional logit model is developed to fit investment projects across 16 European countries for the period 1985-1995. The results suggest that factor input prices, in general, and the price for wastepaper, in particular, are neither a statistical nor an economic significant location determinant for a paper manufacturer. Furthermore, the results suggest that market size and agglomeration effects are considered more important than the price of raw material when an investment site is chosen. (C) 2001 Elsevier Science BN. All rights reserved.
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页码：167 / 180
页数：14
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