arXiv Open Access 2023

An interpretable machine-learned model for international oil trade network

Wen-Jie Xie Na Wei Wei-Xing Zhou
Lihat Sumber

Abstrak

Energy security and energy trade are the cornerstones of global economic and social development. The structural robustness of the international oil trade network (iOTN) plays an important role in the global economy. We integrate the machine learning optimization algorithm, game theory, and utility theory for learning an oil trade decision-making model which contains the benefit endowment and cost endowment of economies in international oil trades. We have reconstructed the network degree, clustering coefficient, and closeness of the iOTN well to verify the effectiveness of the model. In the end, policy simulations based on game theory and agent-based model are carried out in a more realistic environment. We find that the export-oriented economies are more vulnerable to be affected than import-oriented economies after receiving external shocks. Moreover, the impact of the increase and decrease of trade friction costs on the international oil trade is asymmetrical and there are significant differences between international organizations.

Topik & Kata Kunci

Penulis (3)

W

Wen-Jie Xie

N

Na Wei

W

Wei-Xing Zhou

Format Sitasi

Xie, W., Wei, N., Zhou, W. (2023). An interpretable machine-learned model for international oil trade network. https://arxiv.org/abs/2303.01121

Akses Cepat

Lihat di Sumber
Informasi Jurnal
Tahun Terbit
2023
Bahasa
en
Sumber Database
arXiv
Akses
Open Access ✓