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Table 9 Effect of wages for urinalysis with microscopy (81001, urine test) (t stats are reported in parentheses using robust standard errors)

From: The impact of agglomeration economies on hospital input prices

Model

OLS

OLS

2SLS

 

1st stage

2nd stage

Dependent variable

Lab wages

Average price

Lab wages

Average price

 

(2)

(3)

(4)

(5)

Independent variables

 Total Number of Hospital Beds (100 s)

−0.662

0.029***

−0.017

0.029***

 

(-0.54)

(4.15)

(-1.46)

(4.21)

 Medical Lab Wage

-

0.000

-

0.001

 

-

(0.52)

-

(1.55)

 Population Density (1,000 s per Square Mile)

0.202***

−0.002***

0.210***

−0.002***

 

(4.32)

(-5.71)

(4.74)

(4.21)

 Area (1,000 s of Square Miles)

−8.050***

0.110***

−10.674***

0.114***

 

(-5.24)

(4.62)

(-6.81)

(4.82)

 Lab Technician Licensing Laws

-

-

445.607***

-

 

-

-

(19.12)

-

Demographic Controlsa

YES

YES

YES

YES

Year Trend

YES

YES

YES

YES

Region Fixed Effect

YES

YES

YES

YES

Year Trend × Region Fixed Effect

YES

YES

YES

YES

No. of Observations

5097

5097

5097

5097

R-squared

0.195

0.036

0.245

-

Root MSE

582.33

9.014

564.691

8.960

First-stage F-statistics

-

-

68.30

 

Wooldridge Robust Score Test

-

-

1.648

 
  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