Table 5 The impact of agglomeration economies on various hospital input prices (t stats are reported in parentheses using robust standard errors)

Total Number of Hospital Beds (100 s)

3.179***

0.541***

0.804***

0.567***

(3.22)

(2.75)

(2.86)

(2.75)

Medical Lab Employment (100 s)

−1.078***

−1.830***

−2.663***

−1.900***

(-3.26)

(-2.97)

(-3.02)

(-2.95)

Population Density (1,000 s per Square Mile)

0.621

0.275**

0.434***

0.290***

(1.21)

(2.43)

(3.14)

(2.70)

Area (1,000 s of Square Miles)

−1.173*

−0.139

−0.191

−0.075

(-1.93)

(-1.12)

(-1.11)

(-0.57)

Average Hospital Size (100 s of Beds)

−6.315***

−1.273**

−2.104***

−1.446***

(-2.58)

(-2.44)

(-3.06)

(-2.87)

Demographic Controls^a

YES

YES

YES

YES

Year Trend

YES

YES

YES

YES

Region FE

YES

YES

YES

YES

Year Trend × Region FE

YES

YES

YES

YES

No. of Observations

6297

5873

6373

6304

Root MSE

49.981

11.043

15.063

10.801

First-stage F-statistics

12.474

13.471

12.270

11.973

Wooldridge Robust Score Test

65.901

20.759

25.741

22.299