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Table 7 The impact of agglomeration economies on the number of medical labs of different sizes (t stats are reported in parentheses)

From: The impact of agglomeration economies on hospital input prices

Medical labs of different sizes

Medical Labs with 1-19 employment

Medical Labs with 20-99 employment

Medical Labs with 100-499 employment

Medical Labs with 500 or more employment

 

(1)

(2)

(3)

(4)

Total Number of Hospital Beds (100,000 s)

0.413

0.304

−0.0718

2.740***

 

(1.29)

(0.93)

(-0.14)

(4.41)

Population Density (100,000 s per Square Mile)

0.219

−0.013

0.858***

−1.181***

 

(1.36)

(-0.08)

(3.24)

(-3.77)

Area (100,000 s of Square Miles)

−0.212*

0.875***

0.534***

−1.873***

 

(-1.96)

(7.89)

(-1.43)

(-8.90)

Average Hospital Size (100 s of Beds)

−0.010

−0.042***

−0.168***

0.233***

 

(-1.46)

(-5.88)

(-14.69)

(17.34)

Demographic Controlsa

YES

YES

YES

YES

No. of observations

4661

4661

4661

4661

R-Squared

0.004

0.047

0.151

0.233

  1. aOther control variables include county-level measure of % of uninsured, % of > 65 years old, per capita income, % Non-white, and % of < high school. Statistical significance at the 1, 5 and 10 percent levels are denoted with ***, **, and * respectively