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Even though we do not find an impact of industrial density on the wage in the intermediate industry, there is evidence that wages in the agglomerated industry are impacted by the agglomeration.
Then in the second stage we can observe how the size of the intermediate industry affects the price of the intermediate input directly.
One question about our results is whether our measure of laboratory employment is truly capturing the size of the intermediate industry.
Column (2) of both Tables 3 and 4 explores the relationship between hospital concentration and the size of the intermediate industry.
Both mechanisms generate similar predictions: a higher concentration of medical services increases the scale of the intermediate medical industry and the increased scale of the intermediate industry then results in reduced cost of producing medical inputs.
This leads to an ideal instrument (i.e., cost of entry) for the size of the intermediate industry when attempting to identify the extent to which the entry of medical labs results in a reduced price of intermediate medical services.
Similar(46)
Today, a major issue about water pollution is the residual dyes from different sources (e.g., textile industries, paper and pulp industries, dye and dye intermediates industries, pharmaceutical industries, tannery and craft bleaching industries, etc)., and a wide variety of persistent organic pollutants have been introduced into our natural water resources or wastewater treatment systems.
It can be argued that the largest potential for energy savings based on process integration is in the intermediate size industry.
The two intermediate variables, industry group and enterprise scale do not show noticeable impacts on environmental design and business competitive advantages.
In the first stage we are able to see how hospital density impacts the size of the intermediate input industry.
Further, the presence of a sizable intermediate medical industry reduces the cost associated with obtaining medical laboratory tests.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com