Table 4. Distance-equivalent effects of cluster attributes in February, May and November 2020.
Feb 20 | May 20 | Nov 20 | ||
---|---|---|---|---|
Variable | Length equivalent interpretation | m | m | m |
Nr Establishments | Having 10 additional establishment in a cluster is perceived as | -2.8 | 447.8*** | -21.2 |
% Large | A 1% increase in large establishments is perceived as: | -35.8** | 11.2 | -79.1*** |
Land Value | A $100 /m2 increase in avg land value in is perceived as: | 17.5 | 14.3 | 11.2 |
Diversity | A 1% increase in diversity is perceived as: | -25.8*** | 2.5 | -30.8*** |
Cluster Area | A 10,000 m2 increase in cluster area is perceived as: | -12.0 | -645.5*** | 0.0 |
Parking | Adding one parking space per business is perceived as: | 2.3 | 0.0 | 6.4** |
% Comparison | A 1% increase in comparison-goods stores is perceived as: | -15.0* | 2.4 | -23.7* |
% Convenience | A 1% increase in convenience-goods stores is perceived as: | 8.9 | 1.4 | 3.5 |
% F&B | A 1% increase in F&B stores is perceived as: | -3.7 | -21.1 | |
% Entertainment | A 1% increase in entertainment stores is perceived as: | 43.2 | -114.2 | |
% Personal | A 1% increase in personal-goods stores is perceived as: | -23.1** | -28.1*** | -51.5*** |
Open Space | A 100 m2 increase in open space is perceived as: | -50.6** | 2.5 | -22.4 |
*p<0.1
**p<0.05
***p<0.01.