Title of article :
GMM estimation of social interaction models with centrality
Author/Authors :
Liu، نويسنده , , Xiaodong and Lee، نويسنده , , Lung-fei، نويسنده ,
Issue Information :
دوفصلنامه با شماره پیاپی سال 2010
Pages :
17
From page :
99
To page :
115
Abstract :
This paper considers the specification and estimation of social interaction models with network structures and the presence of endogenous, contextual, correlated, and group fixed effects. When the network structure in a group is captured by a graph in which the degrees of nodes are not all equal, the different positions of group members as measured by the Bonacich (1987) centrality provide additional information for identification and estimation. In this case, the Bonacich centrality measure for each group can be used as an instrument for the endogenous social effect, but the number of such instruments grows with the number of groups. We consider the 2SLS and GMM estimation for the model. The proposed estimators are asymptotically efficient, respectively, within the class of IV estimators and the class of GMM estimators based on linear and quadratic moments, when the sample size grows fast enough relative to the number of instruments.
Keywords :
centrality , Spatial autoregressive model , GMM , Social Network , efficiency
Journal title :
Journal of Econometrics
Serial Year :
2010
Journal title :
Journal of Econometrics
Record number :
1560071
Link To Document :
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