English

An interpretable machine-learned model for international oil trade network

Physics and Society 2023-06-21 v1

Abstract

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.

Keywords

Cite

@article{arxiv.2303.01121,
  title  = {An interpretable machine-learned model for international oil trade network},
  author = {Wen-Jie Xie and Na Wei and Wei-Xing Zhou},
  journal= {arXiv preprint arXiv:2303.01121},
  year   = {2023}
}

Comments

14 pages, 5 figures

R2 v1 2026-06-28T08:56:32.353Z