Essays on agglomeration, access to medical services, and the real estate market

作者: Jing Li

DOI:

关键词: EconomicsProductivityEconomies of scaleEconomic growthEconomies of agglomerationService (business)Real estate investment trustInterest rateCorporate Real EstateReal estateDemographic economics

摘要: This dissertation comprises three papers that study how external economies of scale help to explain geographic variation in access medical services as well potential implications on the real estate market. Specifically, first two examine whether an increased concentration hospital service industry promotes productivity treating patients and if so, what are specific channels through which agglomeration might take place health care industry. The third paper explores is reflected Chapter 2 examines factors outcomes. factor concerns proximity services. second statespecific policy may impede nearby Three key findings obtained. First, effect local doctors reducing mortality rates various diseases a county attenuates with distance. Second, at approximately same distance, instate contribute more lowering primary than do out-ofstate doctors. Third, lesser impact out-of-state amplified when state adopts stringent policies restrict entry physicians. evidence consistent labor market pooling one affect productivity. 3 addresses related questions question existence considers sharing intermediate inputs contributes spillovers from spatial hospitals concentrated areas likely outsource specialized suppliers. suggests exist generated part inputs. presence small increases tendency outsource, “Chinitz” identified elsewhere literature. geographically. 4 replicates extends by Holly, Pesaran, Yamagata (2010). Their uses panel 49 states over period 1975 2003 show state-level housing prices driven economic fundamentals, such per capita disposable income, common shocks, changes interest rates, oil prices, technological change. They apply correlated effects (CCE) estimator Pesaran (2006) takes into account interactions reflect both geographical unobserved factors. chapter their results using 384 Metropolitan Statistical Areas (MSAs) observed 2010. Our replication shows fairly robust geographically refined cross-section units, updated study. ESSAYS ON AGGLOMERATION, ACCESS TO MEDICAL SERVICES, AND THE REAL ESTATE MARKET By Jing Li B.A. Harbin Institute Technology, 2006 M.A. 2008 Syracuse University, 2010

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