The aim of this paper is to propose a model of analysis of the investment decisions in the petrochemical industry highlighting the main variables which have bringing them about and causing the restructuring movements in the sector. The structure/conduct/ performance (SCP) model (widely used in the industrial economics literature) as well as the structural characteristics of the petrochemical industry support the analytical model proposed in this work. The application of the model to the period from 2000 onwards showed that, among the proposed variables, the access to raw material and to the most dynamic markets came out to be the most important ones to launch restructuring movements in the petrochemical industry.
investment decisions; market structures; firm strategies; driving forces; petrochemical industry
