RECREATION DEMAND FACTOR INDICES: A PRINCIPAL COMPONENTS ANALYSIS

Chih-Chien Liao, Houston, Jack E., and John Bergstrom

No 270497, 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Principal components analysis may reduce multicollinearity problems common to recreation demand equations. In this analysis, principal components is used to construct indices accounting for the effects of site quality and socioeconomic variables on outdoor recreation demand. These indices provide theoretically consistent and statistically significant demand shift regressors for estimated demand functions.

Keywords: Demand and Price Analysis; Environmental Economics and Policy (search for similar items in EconPapers)
Pages: 17
Date: 1989-07-30
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea89:270497

DOI: 10.22004/ag.econ.270497

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