Growth Expectations and Decision to Renovate a Golf Course: An Application of a Censored Model with the Simultaneity Test
AbstractGolf 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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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2006 Annual meeting, July 23-26, Long Beach, CA with number 21446.
Date of creation: 2006
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