Growth Expectations and Decision to Renovate a Golf Course: An Application of a Censored Model with the Simultaneity Test

Abdulbaki Bilgic and Wojciech J. Florkowski

No 21446, 2006 Annual meeting, July 23-26, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Golf course renovation and expected business growth were examined. Endogeneity test on the renovation decision and a censored expected growth model rejected the hypothesis of simultaneity and decisions were modeled separately. Key determinants for both decisions were golf facility features, but not respondents'’ characteristics.

Keywords: Research Methods/ Statistical Methods (search for similar items in EconPapers)
Date: 2006
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Persistent link: http://EconPapers.repec.org/RePEc:ags:aaea06:21446

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