DEMAND FOR PLANTS SOLD IN NORTH CAROLINA GARDEN CENTERS

Banaga D. Abdelmagid, Michael Wohlgenant () and Charles D. Safley

Agricultural and Resource Economics Review, 1996, vol. 25, issue 01, 10

Abstract: Demand for selected nursery plants sold in North Carolina (i.e., begonia, dianthus, geranium, impatiens, marigold, petunia, and vinca) was found to be affected more by prices than by income, demographic, and other variables. By using cross-sectional data, a modified AIDS model, incorporating demographic variables and quadratic income response, was estimated. Inverse Mills's ratios were also included in the model to correct for selectivity bias, resulting from zero purchases. Significant own-price elasticities ranged from -0.71 to -1.65, and income elasticities ranged from -0.78 to 0.41.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:31651

DOI: 10.22004/ag.econ.31651

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