IDEAS home Printed from https://ideas.repec.org/a/ags/arerjl/31651.html

Demand For Plants Sold In North Carolina Garden Centers

Author

Listed:
  • 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(01), pages 1-10, April.
    • Handle: RePEc:ags:arerjl:31651
    DOI: 10.22004/ag.econ.31651
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/31651/files/25010028.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.31651?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gineo, Wayne M. & Omamo, S. Were, 1990. "An Analysis of Household Expenditures on Nursery Products in the United States," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(2), pages 199-208, December.
    2. Lee, Lung-Fei & Trost, Robert P., 1978. "Estimation of some limited dependent variable models with application to housing demand," Journal of Econometrics, Elsevier, vol. 8(3), pages 357-382, December.
    3. Pollak, Robert A & Wales, Terence J, 1981. "Demographic Variables in Demand Analysis," Econometrica, Econometric Society, vol. 49(6), pages 1533-1551, November.
    4. Gurushri Swamy & Hans P. Binswanger, 1983. "Flexible Consumer Demand Systems and Linear Estimation: Food in India," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 675-684.
    5. Mark B. Stewart, 1983. "On Least Squares Estimation when the Dependent Variable is Grouped," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 50(4), pages 737-753.
    6. Jeffrey T. LaFrance & W. Michael Hanemann, 1989. "The Dual Structure of Incomplete Demand Systems," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(2), pages 262-274.
    7. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1, January.
    8. Capps, Oral, Jr. & Love, John M., 1983. "Determinants Of Household Expenditure On Fresh Vegetables," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(2), pages 1-6, December.
    9. Dubin, Jeffrey A & McFadden, Daniel L, 1984. "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption," Econometrica, Econometric Society, vol. 52(2), pages 345-362, March.
    10. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
    11. Gineo, Wayne M. & Omamo, Steven Were, 1990. "An Analysis Of Household Expenditures On Nursery Products In The United States," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-10, December.
    12. Schmidt, Peter & Sickles, Robin, 1977. "Some Further Evidence on the Use of the Chow Test under Heteroskedasticity," Econometrica, Econometric Society, vol. 45(5), pages 1293-1298, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. 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, Cambridge University Press, vol. 45(1), pages 65-77, February.
    3. 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.
    4. 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.
    5. Steen, Marie, . "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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gutierrez-Lythgoe, Antonio, 2023. "Demanda energética residencial en España: Una aplicación del modelo QUAIDS [Residential energy demand in Spain: An application of the QUAIDS model]," MPRA Paper 120229, University Library of Munich, Germany.
    2. Eom, Young-Sook & Larson, Douglas M., 2006. "Improving environmental valuation estimates through consistent use of revealed and stated preference information," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 501-516, July.
    3. Michael R. Haines & Allen C. Goodman, 1989. "Buying the American Dream: Housing Demand in the United States in the Late Nineteenth Century," NBER Historical Working Papers 0005, National Bureau of Economic Research, Inc.
    4. Bruce Bradbury, 1996. "Household Income Sharing, Joint Consumption and the Expenditure Patterns of Australian Retired Couples and Single People," Discussion Papers 0066, University of New South Wales, Social Policy Research Centre.
    5. Bruce Bradbury, 1995. "Household Semi-public Goods and the Estimation of Consumer Equivalence Scales: Some First Steps," Discussion Papers 0059, University of New South Wales, Social Policy Research Centre.
    6. Kovacs, Kent F. & Larson, Douglas M., "undated". "Recreation at open space and residential development patterns," 2006 Annual meeting, July 23-26, Long Beach, CA 271502, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Mardones, Cristian & Alvial, Esteban, 2024. "Evaluation of a carbon tax in Costa Rica linking a demand system focused on energy goods and an input-output model," Applied Energy, Elsevier, vol. 363(C).
    8. T.R.L. Fry & R.D. Brooks & Br. Comley & J. Zhang, 1993. "Economic Motivations for Limited Dependent and Qualitative Variable Models," The Economic Record, The Economic Society of Australia, vol. 69(2), pages 193-205, June.
    9. Taniguchi, Kiyoshi & Chern, Wen S., 2000. "Income Elasticity Of Rice Demand In Japan And Its Implications: Cross-Sectional Data Analysis," 2000 Annual meeting, July 30-August 2, Tampa, FL 21755, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Vincenzo Atella & Jay Coggins & Federico Perali, 2005. "Aversion to inequality in Italy and its determinants," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 2(2), pages 117-144, January.
    11. Teisl, Mario F. & Roe, Brian & Hicks, Robert L., 2002. "Can Eco-Labels Tune a Market? Evidence from Dolphin-Safe Labeling," Journal of Environmental Economics and Management, Elsevier, vol. 43(3), pages 339-359, May.
    12. Acharjee, Ashis & Chakraborti, Prasun, 2024. "Study and development of a logical model for an ORC based district heating renewable energy system considering discrete analysis," Energy, Elsevier, vol. 298(C).
    13. Xu, Lei, 2024. "Household Food Waste Patterns: Exploring Categorical Price and Expenditure Elasticities Using a Demand System Approach," 2024 Annual Meeting, July 28-30, New Orleans, LA 343717, Agricultural and Applied Economics Association.
    14. Rapaport, Carol, 1997. "Housing Demand and Community Choice: An Empirical Analysis," Journal of Urban Economics, Elsevier, vol. 42(2), pages 243-260, September.
    15. Xavier Labandeira & José M. Labeaga & Miguel Rodríguez, 2006. "A Residential Energy Demand System for Spain," The Energy Journal, , vol. 27(2), pages 87-112, April.
    16. Rulon D. Pope & Jeffrey T. LaFrance & Timothy K. M.Beatty, 2004. "Building Gorman's Nest," Econometric Society 2004 Australasian Meetings 26, Econometric Society.
    17. Pereda, Paula Carvalho & Moz-Christofoletti, Maria Alice & Duran, Ana Clara & Louzada, Maria Laura da Costa & Ng, Shu Wen, 2024. "Equity-Driven fiscal Policies: Taxing Ultra-Processed products and subsidizing minimally processed foods," Food Policy, Elsevier, vol. 126(C).
    18. Ramírez–Hassan, Andrés & López-Vera, Alejandro, 2024. "Welfare implications of a tax on electricity: A semi-parametric specification of the incomplete EASI demand system," Energy Economics, Elsevier, vol. 131(C).
    19. Bairagi, Subir & Mohanty, Samarendu & Baruah, Sampriti & Trinh Thi, Huong, . "Changing food consumption patterns in rural and urban Vietnam: Implications for a future food supply system," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(3).
    20. Bhat, Chandra R., 2005. "A multiple discrete-continuous extreme value model: formulation and application to discretionary time-use decisions," Transportation Research Part B: Methodological, Elsevier, vol. 39(8), pages 679-707, September.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:arerjl:31651. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/nareaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.