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 … error components, and (ii) higher-order network effects due to ex-ante unknown network-decay functions or the presence of …

networks in the spatial diffusion of local economic shocks. We develop a network model that shows how a district's level of … prosperity is related to its position in the network. The network model's first-order conditions are used to derive an … underlying network structure can inform us about the potential gains from policies that increase economic activity in specific …

that the completely connected network is stable, although, its exact structure, and thus contagion implications, is …

financial network where good firms enjoy direct and indirect benefits from linking with one another. Bad risks benefit from …

, and different network layers. At the individual level, homophilous tendencies are persistent across time and network … those characteristics. We also document the nuanced impact of network connections on changes in Grade Point Average. …

illustration based on US immigration data by metropolitan area and country of origin. First, we show that the overall network … externality is strong: the elasticity of migration flows to network size is around one. Second, only a quarter of this elasticity … low-skilled migrants. -- migration ; network/diaspora externalities ; immigration policy …

The recent literature on firm-to-firm trade has documented salient empirical regularities of the buyer-seller network …

We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge … industrial revolution, followed by decreasing relative inequality. Knowledge diffusion through a Small World network explains the …

In this paper, we develop a network perspective on the welfare gains from trade in today's internationally fragmented …

. Firm heterogeneity and the sparse nature of firm-to-firm connections implicitly discipline network structure. We find that …