An Equilibrium-Correction Model for Dynamic Network Data
2001-06-20
Research Paper
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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
Classifications using
Journal of Economic Literature (JEL) Classification System
- C59 : Econometric Modeling: Other
- M : Business Administration and Business Economics; Marketing; Accounting
- C44 : Statistical Decision Theory; Operations Research
- M31 : Marketing
Automatically Extracted Terms
- .10
- .11
- .08
- model
- autocorrelation
- network
- mrqap
- indegree
- accuracy
- outdegree
- .04
- effect
- perception
- .10 .10
- .06
- parameter
- change
- result
- ts mrqap
- equilibrium-correction model
