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

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.

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Year of publication:	2006
Authors:	Bilgic, Abdulbaki ; Florkowski, Wojciech J.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	2006 Annual meeting, July 23-26, Long Beach, CA.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2006 Annual meeting, July 23-26, Long Beach, CA Number 21446
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005060343