Agentic Workflows for Economic Research: Design and Implementation

Herbert Dawid, Philipp Harting, Hankui Wang, Zhongli Wang and Jiachen Yi

Papers from arXiv.org

Abstract: This paper introduces a methodology based on agentic workflows for economic research that leverages Large Language Models (LLMs) and multimodal AI to enhance research efficiency and reproducibility. Our approach features autonomous and iterative processes covering the entire research lifecycle--from ideation and literature review to economic modeling and data processing, empirical analysis and result interpretation--with strategic human oversight. The workflow architecture comprises specialized agents with clearly defined roles, structured inter-agent communication protocols, systematic error escalation pathways, and adaptive mechanisms that respond to changing research demand. Human-in-the-loop (HITL) checkpoints are strategically integrated to ensure methodological validity and ethical compliance. We demonstrate the practical implementation of our framework using Microsoft's open-source platform, AutoGen, presenting experimental examples that highlight both the current capabilities and future potential of agentic workflows in improving economic research.

Date: 2025-04
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2504.09736

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