An Equilibrium-Correction Model for Dynamic Network Data

David Dekker, Philip Hans Franses and David Krackhardt

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: We propose a two-stage MRQAP to analyze dynamic network data, within the framework of an equilibrium-correction (EC) model. Extensive simulation results indicate practical relevance of our method and its improvement over standard OLS. An empirical illustration additionally shows that the EC model yields interpretable parameters, in contrast to an unrestricted dynamic model.

Keywords: cognitive social structures; consistent accuracy; network centrality; structural autocorrelation; two-stage equilibrium model (search for similar items in EconPapers)
JEL-codes: C44 C59 M M31 (search for similar items in EconPapers)
Date: 2001-06-20
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Citations: View citations in EconPapers (3)

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