Production and Cost in the Pulp and Paper Industry : A Translog Cost Function Analysis

  title={Production and Cost in the Pulp and Paper Industry : A Translog Cost Function Analysis},
  author={Patrick G McCarthy},
The United States pulp and paper industry has experienced significant structural changes over the past twenty-five years, including reductions in the number of pulp and paper mills, lower rates of capacity growth, employment cutbacks, and a loss of market share to foreign competitors. These structural shifts portray an industry that increasingly has difficulty adapting to a more competitive environment and earning sufficient profits to generate a return on investment that covers opportunity… CONTINUE READING


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