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Demand for Plants Sold in North Carolina Garden Centers

Published online by Cambridge University Press:  15 September 2016

Banaga D. Abdelmagid ,
Michael K. Wohlgenant  and
Charles D. Safley
Banaga D. Abdelmagid
Affiliation:
Department of Agricultural and Resource Economics, North Carolina State University, Raleigh, North Carolina
Michael K. Wohlgenant
Affiliation:
Department of Agricultural and Resource Economics, North Carolina State University, Raleigh, North Carolina
Charles D. Safley
Affiliation:
Department of Agricultural and Resource Economics, North Carolina State University, Raleigh, North Carolina
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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.

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Type
Articles
Information
Agricultural and Resource Economics Review , Volume 25 , Issue 1 , April 1996 , pp. 28 - 37
Copyright
Copyright © 1996 Northeastern Agricultural and Resource Economics Association 

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