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Demand For Plants Sold In North Carolina Garden Centers

Author

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  • Abdelmagid, Banaga D.
  • Wohlgenant, Michael K.
  • Safley, Charles D.

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.

Suggested Citation

  • Abdelmagid, Banaga D. & Wohlgenant, Michael K. & Safley, Charles D., 1996. "Demand For Plants Sold In North Carolina Garden Centers," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 25(1), pages 1-10, April.
    • Handle: RePEc:ags:arerjl:31651
    DOI: 10.22004/ag.econ.31651
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    References listed on IDEAS

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    1. Kyei, Prince & Ejimakor, Godfrey, 2010. "Enhancing the Profitability of Horticultural Products with Market Based Information," 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida 57077, Southern Agricultural Economics Association.
    2. Vardges Hovhannisyan & Hayk Khachatryan, 2017. "Ornamental Plants in the United States: An Econometric Analysis of a Household‐Level Demand System," Agribusiness, John Wiley & Sons, Ltd., vol. 33(2), pages 226-241, April.
    3. Steen, Marie, 2014. "Measuring Price–Quantity Relationships in the Dutch Flower Market," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 46(2), pages 1-10, May.
    4. Jin, Lu & Wohlgenant, Michael K. & Safley, Charles D., 2013. "Impact of Income and Different Generation Cohorts on Nursery Products and Landscaping Project Spending," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45(1), pages 1-13, February.
    5. Steen, Marie, 2006. "Flower Power at the Dutch Flower Auctions? Application of an Inverse Almost Ideal Demand System," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25441, International Association of Agricultural Economists.

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    Keywords

    Demand and Price Analysis;

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