Complexity

Modelling Economic and Financial Networks: Heterogeneous, Dynamic, and Interactive


Publishing date
01 May 2021
Status
Closed
Submission deadline
25 Dec 2020

Lead Editor

1China University of Geosciences, Beijing, China

2Capital University of Economics and Business, Beijing, China

3University of Milan, Milan, Italy

This issue is now closed for submissions.

Modelling Economic and Financial Networks: Heterogeneous, Dynamic, and Interactive

This issue is now closed for submissions.

Description

As other complex systems, economics and finance are complex systems composed of different agents and dynamic changing interactions between agents. The economic system and financial markets have long been analyzed as complex systems with the perspective of the dynamic interactive among heterogeneous agents. In the past few decades, several severe economic and financial crises have caused scholars to pay more attention to the structure and dynamics of economic and financial systems, and have increased our requirements for economic and financial system modelling. The nonlinear complex idea of modelling the economic and financial system into networks has been widely used. For example, modelling the time series of prices or returns of goods, indices or stocks into the network to find the structure and hub agents as well as the mechanism of systematic risk, modelling the complex interactive relations among economies or agents by trade, investment, or debit or credit relationship, and so on. Hundreds of publications have talked about the complex features of economic and financial complex systems using complex network models. Normally, in the economic and financial networks, nodes are used to represent agents, such as banks, listed companies, countries, and regions. Edges are used to represent the relationships between agents, such as inter-bank lending relationships, competition and cooperation relationships between listed companies, and trade relations between countries and regions. However, the heterogeneity, dynamics, and interactivity of economic and financial systems pose challenges for modelling economic and financial networks.

The heterogeneity of economic and financial networks is mainly reflected in two aspects. The first is the heterogeneity of the agents. There are many types of agents in the financial market, and the differences between them are called the heterogeneity of the agents. For example, there are products such as gold and oil in the market, and companies that produce and sell these products, and institutional investors and retail investors who purchase products and company shares. The second is the heterogeneity of relationships. There are differences in the relationship between different subjects. Such as price transmission relationship between products, and a joint ownership relationship between companies. Even if they are the same agents, the relationship between them is not unique. Therefore, the modelling of economic and financial networks needs to consider the heterogeneity of agents and heterogeneity of relationships. Furthermore, the economic and financial markets are dynamic networks. The real-time changing prices of commodities and the ever-changing financial data and stock performance of listed companies all reflect the dynamic characteristics of economic and financial networks. How to reflect this dynamic in economic and financial networks is one of the biggest issues that scholars focus on. At present, some studies have incorporated time attributes into the modelling of the network, that is, the use of temporal networks to represent real dynamic systems has achieved good results. In addition, economic and financial network agents have different interactions under the same or different environmental conditions. The changing interactions between agents can be characterized by dynamics, reflecting the time-varying dynamics of economic and financial networks.

The purpose of this Special Issue is to collect original research and review articles on economic and financial network modelling, focusing on the heterogeneous, dynamic, and interactive features of economic and financial systems. Reconstructing the economic and financial systems that are in line with reality and contributing to the structure and dynamics of economic and financial networks.

Potential topics include but are not limited to the following:

  • Advanced modelling approaches of economic and financial temporal networks
  • Multi-agent modelling of economic and financial networks
  • Identification of interaction relationships between economic and financial networks
  • Modelling dynamics in economic and financial networks
  • Modelling economic and financial multilayer interdependence networks

Articles

  • Special Issue
  • - Volume 2022
  • - Article ID 8856009
  • - Research Article

Complexity Analysis of a 2D-Piecewise Smooth Duopoly Model: New Products versus Remanufactured Products

S. S. Askar | A. Al-khedhairi
  • Special Issue
  • - Volume 2021
  • - Article ID 8875794
  • - Research Article

Evolutionary Game Analysis of Capital-Constrained Supplier’s and Manufacturer’s Financing Schemes

Suyong Zhang | Panos. M. Pardalos | Xiaodan Jiang
  • Special Issue
  • - Volume 2021
  • - Article ID 6673158
  • - Research Article

Research on the Complex Mechanism of Placeness, Sense of Place, and Satisfaction of Historical and Cultural Blocks in Beijing’s Old City Based on Structural Equation Model

Jing Zhang | Qiang Li
  • Special Issue
  • - Volume 2021
  • - Article ID 6649894
  • - Research Article

Spatial Association and Explanation of China’s Digital Financial Inclusion Development Based on the Network Analysis Method

Xiaojie Liu | Jiannan Zhu | ... | Changnan Cui
  • Special Issue
  • - Volume 2021
  • - Article ID 6679580
  • - Research Article

Evolution Characteristics and Regional Roles’ Influencing Factors of Interprovincial Population Mobility Network in China

Wei Fang | Pengli An | Siyao Liu
  • Special Issue
  • - Volume 2021
  • - Article ID 6645406
  • - Research Article

The Study of the Spatial Heterogeneity and Structural Evolution of the Producer Services Trade Network

Yan Li | Xuehan Liang | Qingbo Huang
  • Special Issue
  • - Volume 2021
  • - Article ID 6657191
  • - Research Article

Understanding the Impact of Startups’ Features on Investor Recommendation Task via Weighted Heterogeneous Information Network

Sen Wu | Ruojia Chen | ... | Lifang Huo
  • Special Issue
  • - Volume 2021
  • - Article ID 6687544
  • - Research Article

Dynamics of a Heterogeneous Constraint Profit Maximization Duopoly Model Based on an Isoelastic Demand

S. S. Askar | A. Ibrahim | A. A. Elsadany
  • Special Issue
  • - Volume 2021
  • - Article ID 8839218
  • - Research Article

Rebate Strategy Selection and Channel Coordination of Competing Two-Echelon Supply Chains

Ziling Wang | Rong Zhang | Bin Liu
  • Special Issue
  • - Volume 2021
  • - Article ID 6641852
  • - Research Article

On Comparing between Two Nonlinear Cournot Duopoly Models

S. S. Askar
Complexity
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Acceptance rate11%
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CiteScore4.400
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Impact Factor2.3
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