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

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  • Bilgic, Abdulbaki
  • Florkowski, Wojciech J.

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.

Suggested Citation

  • Bilgic, Abdulbaki & Florkowski, Wojciech J., 2006. "Growth Expectations and Decision to Renovate a Golf Course: An Application of a Censored Model with the Simultaneity Test," 2006 Annual meeting, July 23-26, Long Beach, CA 21446, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea06:21446
    DOI: 10.22004/ag.econ.21446
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    References listed on IDEAS

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