A Bibliometric Analysis of the Developments and Research Frontiers of Agent-Based Modelling in Economics

Ayesha Zehra and Amena Urooj
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Ayesha Zehra: PIDE School of Economics, Pakistan Institute of Development Economics, Islamabad 44000, Pakistan

Economies, 2022, vol. 10, issue 7, 1-13

Abstract: Dynamic Stochastic General Equilibrium (DSGE) models are widely used as a tool for policy decision-making. These models lost their fame when they could not predict the crisis in 2008 and could not address policy problems afterward. Meanwhile, the Agent-Based Modelling (ABM) approach emerged as an alternative to DSGE models. Between 2000 and 2020, this study examined scholarly research on the topic of ABM in economics. The information is gathered using the SCOPUS database. Numerous bibliometric indicators are provided, including the total number of publications and citations. The study reveals that agent-based modelling in economics research has grown in recent years. The majority of active research occurs in countries such as the United States of America, and collaboration allows researchers to reach out to many more countries. ABM has the potential to be applied in a wide range of economic fields. ABM also necessitates research into its own development to be used to better understand economic phenomena.

Keywords: agent-based modelling; bibliometric analysis; network analysis; conceptual structure; social structure (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:10:y:2022:i:7:p:171-:d:865752

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