Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/229471 
Year of Publication: 
2020
Series/Report no.: 
CESifo Working Paper No. 8653
Publisher: 
Center for Economic Studies and Ifo Institute (CESifo), Munich
Abstract: 
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.
Subjects: 
spatial and network interdependence
panel data
higher-order network effects
JEL: 
C23
C33
C34
Document Type: 
Working Paper
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