- Book Chapter
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. Show more
Book titleEssays in Honor of M. Hashem Pesaran: Panel Modeling, Micro Applications, and Econometric Methodology
Journal / seriesAdvances in Econometrics
Pages / Article No.
SubjectSpatial and network interdependence; Panel data; Higher-order network effects; Random effects; Error components; Maximum-likelihood estimation
Organisational unit03840 - Egger, Peter / Egger, Peter
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