Hardware Stores

 

Some potential points to spur discussion:

  • Hardware stores may be essential to local economies, but may also experience economies of scale as they grow in size/employment, limiting the number of individual establishments in any one county
  • Social capital index has the most ubiquitous positive effect on retail establishment counts.
  • While significant sales tax rate coefficients display mixed signs, higher property tax rates always lead to a lower probability of zero establishments, supporting previous findings in the literature that higher public amenities lead to higher retail demand.

For the detailed journal article from which this map derives, see Van Sandt, Anders, Craig Wesley Carpenter, Scott Loveridge, Rebekka Dudensing, and Linda Niehm. 2021. “Revealing U.S. Retail Industries’ Functional Hierarchy Through Demand Thresholds.” Under review.

This project was supported by the Agricultural and Food Research Initiative Competitive Program of the USDA National Institute of Food and Agriculture (NIFA), award number 2017-67023-26242.

 

Economic Opportunity Maps View Methodology

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