DEMAND FOR PLANTS SOLD IN NORTH CAROLINA GARDEN CENTERS

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.


Issue Date:
1996-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31651
Published in:
Agricultural and Resource Economics Review, Volume 25, Number 1
Page range:
28-37
Total Pages:
10




 Record created 2017-04-01, last modified 2017-08-24

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