Growth Expectations and Decision to Renovate a Golf Course: An Application of a Censored Model with the Simultaneity Test
Bilgic, Abdulbaki; Florkowski, Wojciech J.
2006

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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.

Details

Title Growth Expectations and Decision to Renovate a Golf Course: An Application of a Censored Model with the Simultaneity Test
Author(s) Bilgic, Abdulbaki
Florkowski, Wojciech J.
Subject(s)
Issue Date 2006
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.21446
Record Identifier https://ageconsearch.umn.edu/record/21446
PURL Identifier http://purl.umn.edu/21446
Language English
Total Pages 22
Series Statement Selected Paper
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2006 Annual meeting, July 23-26, Long Beach, CA

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