A Panel Data Model With Generalized Higher-order Network Effects
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Author / Producer
Date
2022-01
Publication Type
Book Chapter
ETH Bibliography
yes
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Abstract
Many data situations require the consideration of network effects among the cross-sectional units of observation. In this chapter, the authors present a generalized panel model which accounts for two features: (i) network effects present through weighted dependent variables as regressors, exogenous variables, as well as the error components, and (ii) higher-order network effects due to ex ante unknown network decay functions or the presence of multiplex (multi-layer) networks among all of those. The authors outline the model, the basic assumptions, and present simulation results.
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Publication status
published
Book title
Essays in Honor of M. Hashem Pesaran: Panel Modeling, Micro Applications, and Econometric Methodology
Journal / series
Volume
43B
Pages / Article No.
9 - 35
Publisher
Emerald
Event
Edition / version
Methods
Software
Geographic location
Date collected
Date created
Subject
Spatial and network interdependence; Panel data; Higher-order network effects; Random effects; Error components; Maximum-likelihood estimation
Organisational unit
03840 - Egger, Peter / Egger, Peter