Table 1 - Sample Characteristics
Table 1 - Sample Characteristics
| Dependent variables | Mean | SD |
|---|---|---|
| Per capita sales ($ per person) | ||
| Total Retail (SIC 52 to 59) | 1.23E+04 | 4.64E+03 |
| Gasoline Service Stations (SIC 554) | 1.11E+03 | 5.89E+02 |
| Eating and Drinking Places (SIC 58) | 6.47E+02 | 3.69E+02 |
| Service Industries (SIC 70 to 89) | 1.70E+03 | 1.49E+03 |
| Independent variables specific to all cities | Mean | SD |
|---|---|---|
| State-level per capita sales ($ per person) | ||
| Total retail (SIC 52 to 59) | 8.45E+03 | 1.20E+03 |
| Gasoline Service Stations (SIC 554) | 6.45E+02 | 8.89E+01 |
| Eating and Drinking Places (SIC 58) | 6.49E+02 | 2.32E+02 |
| Service Industries (SIC 70 to 89) | 2.70E+03 | 2.01E+03 |
| ELDERLY (percent) | 15.54 | 5.61 |
| UNEMP RATE (percent) | 5.36 | 2.61 |
| INCOME PERCAP ($ per person) | 8.25E+03 | 1.97E+03 |
| LARGECITY POP/DIST (persons per mile) | 6.74E+03 | 8.17E+03 |
| TOT TRAFFIC PERCAP (AADT) | 1.772 | 1.16 |
| Independent variables specific to bypassed cities | Mean | SD |
|---|---|---|
| TRAFSPLIT (fraction) | 0.472 | 0.142 |
| DISTOLD (miles) | 5.109 | 1.524 |
| DISTRATIO (fraction) | 0.972 | 0.141 |