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 | Â |
Wooldridge Robust Score Test | - | - | 1.648 | Â |