spb/wp5_uqo

1\begin{tabular}{lccc}2\toprule3 & \textbf{Direct} & \textbf{Indirect} & \textbf{Total} \\4\midrule5Airbnb count (500 m) & 0.0034*** & 0.0005*** & 0.0040*** \\6 & (0.0002) & (0.0001) & (0.0002) \\[4pt]7Bedrooms & 0.1225*** & 0.0186*** & 0.1411*** \\8 & (0.0043) & (0.0037) & (0.0065) \\[4pt]9Bathrooms & 0.2291*** & 0.0348*** & 0.2639*** \\10 & (0.0125) & (0.0060) & (0.0127) \\[4pt]11\midrule12$\hat\rho$ & \multicolumn{3}{c}{0.1340} \\13$n^{-1}\,\mathrm{tr}[(I-\hat\rho W)^{-1}]$ & \multicolumn{3}{c}{1.0026} \\14Observations & \multicolumn{3}{c}{7,925} \\15\bottomrule16\end{tabular}17\parbox{\textwidth}{\footnotesize Average direct, indirect and total impacts of the SAR model in Table~\ref{tab:spatial_results} \citep{lesage2009introduction}: total $=\hat\beta/(1-\hat\rho)$, direct $=\hat\beta\, n^{-1}\mathrm{tr}[(I-\hat\rho W)^{-1}]$, indirect $=$ total $-$ direct. Standard errors in parentheses from 2,000 draws of $(\hat\beta,\hat\rho)$ from their estimated asymptotic normal distribution. $^{***}p<0.01$; $^{**}p<0.05$; $^{*}p<0.10$.}18