A Panel Data Model with Generalized Higher-Order Networks Effects
Badi Baltagi (),
Sophia Ding and
Peter Egger ()
No 8653, CESifo Working Paper Series from CESifo
Many data situations require the consideration of network effects among the cross-sectional units of observation. In this paper, we present a generalized panel model which accounts for two features: (i) three types of network effects on the right-hand side of the model, namely through weighted dependent variable, weighted exogenous variables, as well as weighted error components, and (ii) higher-order network effects due to ex-ante unknown network-decay functions or the presence of multiplex (or multi-layer) networks among all of those. We outline the model, the basic assumptions, and present simulation results.
Keywords: spatial and network interdependence; panel data; higher-order network effects (search for similar items in EconPapers)
JEL-codes: C23 C33 C34 (search for similar items in EconPapers)
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Working Paper: A Panel Data Model with Generalized Higher-Order Network Effects (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_8653
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