Economic Phenomena Research Articles

Predicting Entrepreneurial Success in the Digital Economy Using Machine Learning Techniques

The features of intelligent entrepreneurship as it becomes a social phenomenon in national economies and the effects of this phenomenon on the economy are explored in this paper. There is evidence that the environment of modern entrepreneurship is associated with intellectual, informative, and creative pursuits. Redefining "intelligent entrepreneurship" and "talent management" is a necessary step in improving both terms. Value of human capital, or the chance for an individual to make use of their inherent intelligence, is at the heart of intelligent business. According to studies, the best course of action for national economies is to adopt open innovation models. In order to create and efficiently apply intelligent potential—which assures the expansion of the national economy—it is necessary to enhance the efficacy of scientific, educational, and innovative systems. The groundwork for entrepreneurial intelligence has been laid in view of the present status of the digital revolution in the economy.

ONTOLOGY OF SOCIO-ECONOMIC RESEARCH

Introduction. The ontology of socio-economic research contributes to a deeper understanding of the foundations of social and economic phenomena, which helps in the development of effective policies and strategies for solving problems at different levels of methodological knowledge. The development of modern science requires a detailed study of the ontological aspects of socio-economic processes for the analysis and forecasting of socio-economic phenomena. Research hypothesis: socio-economic processes can be more effectively analysed and predicted through the development of a formalized ontological system that describes the main concepts, methods and principles of ontological research. Purpose. Systematize the latest knowledge about the basic elements of socio-economic phenomena and develop the concept of the ontology of socio-economic research to improve the interpretation of the relationships between the elements of the knowledge system. Methodology. The theoretical and methodological basis of the research is based on philosophical, sociological and economic concepts. In the course of the research, the following methods were used: historical and logical approaches, systematization, comparative analysis (when studying the genesis of ontological principles), theoretical generalization, abstract-logical (when arguing the research concept), classification, decomposition, modelling (when formation of the conceptual foundations of the ontology of socio-economic research). Results. The conceptual foundations of the ontology of socio-economic research have been formed. It is defined that ontology investigates the nature of being and reality, including various approaches such as traditional, formal, applied and social ontologies. An algorithm of the ontology of socio-economic research has been formed for the purpose of in-depth understanding and practical implication of theoretical knowledge in economic activity, which contribute to a more efficient organization of the research process and help to determine the most adequate methods and approaches for solving specific problems. The main aspects of the ontology of socio-economic research include: conceptual foundations, research methodology, relationships, empirical research, ontological principles. Based on the study of the genesis of principled approaches to socio-economic processes, the ontological principles of socio-economic research are systematized. Originality. The theoretical framework of social ontology, which studies the structure of social reality, and the framework of economic ontology, which focuses on the systematization of economic knowledge and the structuring of the research concept and interpretation of results, are defined. Taking into account the interdisciplinary approach, we improved and specified the interpretation of the term ontology of socio-economic research, by which we understand the philosophical approach of systematic study of the nature and structure of socio-economic phenomena and processes based on the formation of conceptual foundations, methodology and research principles. The modern ontological principles of socio-economic research (structurality, realism, taking into account the context, multi-level analysis, interdisciplinary, impartiality, interaction and mutual influence, dynamism) were formed and meaningfully revealed, the observance of which contributes to the objectivity and accuracy of research, allows taking into account complex and interdisciplinary approaches. Conclusion. The ontology of socio-economic research is aimed at creating a coherent and comprehensible picture of socio-economic reality, which helps researchers better understand and explain complex processes and phenomena, as well as develop effective strategies for their management and improvement. Ontological approaches to socio-economic research provide a structured and systematic approach to the analysis and development of effective policies and strategies, which contributes to a deeper understanding of complex socio-economic phenomena. The development of ontologies of socio-economic research includes the concept, methodology, principles and practical recommendations regarding the research algorithm.

Money laundering and compliance in professional football: the case of Belgium in light of the new EU AML single rulebook

In recent decades, football has evolved from a purely sporting activity into a global economic phenomenon. Along with this metamorphosis, questions of corporate governance and compliance have come to the fore when it comes to the governance of (professional) football clubs. A good example is the consequences of, and efforts to prevent, criminal activities in the form of money laundering. In recent years, the risks of money laundering activities through the professional football sector have often been highlighted by, for example, European Union institutions. In Belgium, an alleged money laundering scandal in professional football led to legislative measures. This contribution considers the application of Belgium’s preventive anti-money laundering framework to professional football in comparison to the novel EU AML Single Rulebook legal framework as applicable to professional football. It concludes that this legal framework is not a miracle solution to the problems facing the sector, and furthermore, the application of this framework raises several questions.

The role of mathematics in economics: From theoretical deepening to empirical analysis

This paper discusses the application of mathematics in economics and its importance to the subject’s progress. With the increasing application of simplified mathematical methods in economic research and the rising trend of empirical research, the degree of dependence of economics on mathematical analysis has decreased. However, relying on advanced mathematical tools to comprehensively understand and accurately model complex economic phenomena. This tendency to “de-mathematize” can lead to incomplete or misleading conclusions that undermine the credibility and effectiveness of the field. The article points out that the relationship between mathematics and economic theory is complementary rather than antagonistic. Complex theories must be translated into practical insights to bridge the gap between academic discussion and policy practice. Therefore, economists should devote themselves to using mathematical tools to promote the development of economic thought. By improving their mathematical skills, economists can gain a deeper understanding of economic theory, enhance its explanatory and predictive power, and make economics a more robust scientific system. In the future, the application of mathematics in economics will not only be a tool for academic research but also an important force to promote the development of economic theory and practical policy making. This paper further explores the future application prospects of mathematics in economics and its challenges in providing new ideas and directions for economic researchers.

The Use of National Minority Culture in Tourism Development

In our tourist travels, we seek experiences in locales distinct from our places of residence or work. Tourism developments strive to fulfil this desire by showcasing and making tangible some unique local characteristic, thus attracting visitors to a specific place. In resource-poor areas, one of the simplest and least investment-demanding ways to achieve this is by turning a unique element of local culture into an attraction and celebrating it. This does not require costly infrastructure development, but it can still attract tourists. Our study focuses on these local celebrations, which are most often referred to as festivals, feasts or competitions. In the first part of this paper, our goal is to draw attention to a specific group of local festivals, events that focus on the culture of national minorities. Along with examples from Hungary, we present in more detail two festivals: one in Southwest Hungary’s Feked and the other in Southeast Hungary’s Deszk. In the second part of the study, we categorise local festivals based on the cultural elements they highlight. According to my research, four basic categories can be determined. Festivals can be created to celebrate a well-identifiable local cultural or economic phenomenon. There are local celebrations aimed at preserving or reviving disappearing or vanished local cultural elements. There are festivals that emphasise newly invented traditions. Finally, events based on humour or randomness can also be the basis of a tourist attraction.

Regenerative Development Approaches Involving Tourism: Insights Derived from Place

ABSTRACT With the rise of questioning whether it is acceptable for capitalism and economic growth to drive tourism development, alternative development approaches are emerging. This paper draws insights from two research projects investigating tourism’s contributions to developing healthy urban social-ecological systems. In recent years, a surge of interest by tourism scholars has driven increased publications about the approach commonly referred to as “regenerative tourism”. Two research designs that used qualitative case studies were applied and analysed using a post-development lens. Critical findings from both studies centre urban places in the analysis and consider the applicability of a regenerative (tourism) development approach for transforming the health of urban places. This paper challenges the notion that “tourism is primarily an economic phenomenon” and argues that in alignment with the regenerative development lineage, tourism as a tool for development must be designed from place rather than economies.

Land Transformations in Irpinia (Southern Italy): A Tale on the Socio-Economic Dynamics Acting in a Marginal Area of the Mediterranean Europe

Marginal areas in economically advanced countries are a critical issue that European and national policies have been addressing for some time. These areas are affected by depopulation, infrastructural gaps and labor systems that do not reach the corresponding national levels and where often agriculture still plays a critical role. In Italy, despite the fact that the National Strategy for Inner Areas (SNAI) has been active for about a decade with the aim of increasing the territorial cohesion of these fragile areas, rather limited results have been achieved in terms of halting economic marginalization and demographic decline. In this specific context, our work is aimed at analyzing land use changes, the loss of ecosystem services and demographic trends in a Mediterranean region (Irpinia—Southern Italy) on district and municipal scales in the last 30 years (1990–2018) to capture current, subtle socio-economic dynamics. The analysis carried out has indicated a substantial increase in urban areas due to the development of new industrial areas and discontinuous urban fabric (urban sprawl) at the expense of natural areas (mainly meadows and shrublands). The agricultural areas have remained substantially unchanged in terms of extension, with a slight increase in heterogeneous agricultural areas and an expansion of high-value crops (vineyards), that are the most suitable for multifunctional agriculture activities (experiential and rural tourism). The analysis of the demographic trend has highlighted a widespread phenomenon of depopulation, with the exception of those municipalities who economically orbit around the provincial capital of Avellino. The municipalities in depopulation are mostly located in the inner areas characterized by a more rugged morphology and infrastructural gaps. Unexpectedly, most of municipalities show a significant anticorrelation among the population and agricultural areas which is an indicator of social and economic phenomena as complex as they are underestimated. As a final step, this analysis highlights also a loss of carbon storage mainly attributable to the soil sealing of large areas. This study can help to comprehensively understand the conditions of marginal areas in Mediterranean Europe over recent decades in the light of the main socio-economic dynamics to better direct efforts towards the containment of the human capital hemorrhage, consisting of persistently negative natural and migratory rates, and the sustainable empowerment of these geo-economic peripheries.

Financial and Tax Literacy: A Child’s Early Exposure to Financial Concepts during the Educational Process

Aims: The viability of states today is largely based on the collection of tax revenues, which are considered as necessary for them to carry out their specific functions. Thus, the aim of this text is to discuss the development of citizens' tax culture, not as an isolated economic phenomenon but, as a phenomenon directly linked to their general financial literacy. Because it is the writer's belief that simply complying with the mandate to fulfill the tax obligation is not enough for the citizen to understand his contribution to the finances of his country, or, better, to appreciate this contribution in the context of understanding the ways in which the world moves financially. Methodology: It is a big question on how financially educated the modern man is and to what extent this financial education, his literacy or financial literacy, includes the concept of tax in its content to a sufficient extent to awaken consciences. In this text, the focus is on the exact age / educational stage at which this path to financial and tax literacy can begin, so that it can be integrated in a systematic way into the formal educational process. In order to draw conclusions about the appropriate stage for initiating financial awareness, the trends in the global financial literacy landscape were explored. This analysis aims to determine when it is considered appropriate to teach children financial concepts and how financial literacy is linked to making appropriate financial decisions and tax awareness at different age stages. An effort was carried out to evaluate the current financial and tax knowledge and behavior of Greeks. The research was exclusively bibliographic, i.e., a meta-analysis based on previous qualitative and quantitative studies. Results: Concerning the introduction of systematic financial and tax education for adolescents in schools, the studies accessed suggest that the age range of 12-14 marks a significant milestone for young people to begin delving into the more intricate concepts of the modern economy. Tax awareness among adolescents could arguably be attainable from around age 11 or 12, as they start demonstrating financial comprehension comparable to that of adults. Discussion: The findings of this research showed that the level of financial literacy in Greece depends on demographics, such as the geographical location and the gender of young people. Other factors are also important, but removing geographical and gender restrictions, combined with the provision of training programs already in the upper grades of Primary School, can improve financial awareness and develop the tax culture of citizens. This development requires the implementation of subjects in the curriculum, the training of the teachers so that they are able to teach children even 11 or 12 years old, the distinction of the concept of ethics from tax ethics and its teaching at an earlier age stage, and the drawing from international educational practices, i.e. leveraging successful financial literacy programs worldwide in order to obtain valuable insights for designing effective youth training initiatives.

ФОРСАЙТ ЯК ІНСТРУМЕНТ ВІДПОВІДАЛЬНОГО ДЕРЖАВНОГО УПРАВЛІННЯ І СТРАТЕГУВАННЯ МІЖНАРОДНОЇ ЕКОНОМІЧНОЇ ПОЛІТИКИ В УМОВАХ ЗАГОСТРЕННЯ ГЛОБАЛЬНИХ ПРОБЛЕМ РОЗВИТКУ

The purpose of the article is to study strategic long-term planning tools that allow timely identification of the latest risks, challenges and threats to international economic development that make it difficult to solve global problems that are a consequence of failures in the coordination of international economic policy. It has been determined that strategic forecasting allows politicians to increase the efficiency of government decision-making by identifying opportunities and threats that may arise in the coming years and decades, and also involves the development of possible strategies to counter them by taking into account the characteristics of the identified trends. The phenomenon of the new economy is characterized. The influence of technological development on the asymmetry of international economic development is determined. It has been established that the problems of international economic development in foresight strategizing include geopolitical rivalry, resource confrontation, energy dependence, deglobalization, disintegration processes, trade fragmentation, gaps in value and supply chains, reinstitutionalization of the system of international economic relations, recession, population aging, unemployment. Foresight forecasting tools that are not aimed at predicting a single “correct future” include: analysis of long-term trends and uncertainties; horizon scanning); scenario planning; shaping a normative future; political games; futures wheels; causal multilevel analysis. Research into long-term trends and uncertainties reveals key factors in different possible futures. The comprehensive observation carried out allows us to identify risks for the macroeconomic environment and proactively formulate a pool of measures to minimize the destructive impact of instability on socio-economic development. Improving foresight research as a critical element of strategic forecasting for solving problems of long-term development affects both theoretical aspects (conceptual approach, conceptual apparatus) and applied aspects (technologies and methods of development) of the development and use of this tool. Strategic planning allows you to develop adequate tools to achieve goals and proactively respond to the challenges of modern development, minimizing costs and compensating for the losses that arise for this reason, which lead to the loss of existing competitive advantages. The difference between forecasts and foresights is noted: forecasts are usually associated with uncontrollable events, while foresights most often deal with events and processes that are clearly controllable, therefore they assess the probability of not only one or another outcome of future events, but also the adoption of certain strategic and management decisions. The ability to distinguish normative approaches (what we want) from pragmatic approaches (what we should) is an important component of thinking in terms of alternative futures

Incorporating Model Uncertainty into Policy Analysis Frameworks: A Bayesian Averaging Approach Combining Computable General Equilibrium (CGE) Model with Metamodelling Techniques

Future sustainable economic development depends heavily on public policy at regional, national, and global levels. Therefore, it is essential to conduct a thorough policy analysis that ensures consistent and effective policy guidance. However, a major challenge in traditional policy analysis is the uncertainty inherent in the models used. Both policymakers and analysts face fundamental uncertainty regarding which model accurately represents the natural, economic, or social phenomena being analyzed. In this paper, we present a comprehensive framework that explicitly incorporates model uncertainty into the policy decision-making process. Addressing this uncertainty typically requires significant computational resources. We utilize metamodeling techniques to reduce computational demands. We illustrate the impact of various metamodel types by applying a simplified model to the CAADP policy in Nigeria. Our findings highlight that neglecting model uncertainty can lead to inefficient policy decisions and substantial waste of public funds.Copyright© 2024 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.

Applications of Google Trends as a Data Source for Statistical Models

As technology advances, there is a growing number of potential data sources that can provide an alternative to traditional surveys. An example of this is the real time search popularity data made available through Google Trends. This type of data makes it possible to study public opinion, behaviour and attitudes in society or forecast economic phenomena. A definite advantage of using search popularity data is the immediate availability and low cost of obtaining such data. Also of significance is the fact that the Google Trends tool allows for direct research into the behaviour of Internet users, and not just their declarations as in the case of a survey. This can make a difference if respondents consider one of the answers to be more morally correct. Nevertheless, the use of Google Trends requires selecting correct search topics and terms to be included in the study and an awareness of the fact that the research sample is limited to Google search engine users. The paper will present the advantages and disadvantages of Google Trends and review its usefulness as a data source especially in times of higher market volatility.

Journalism in the Digital World: The Confl ict of Institutional Logics

With the entry of humanity into the stage of digital development, all social institutions are undergoing profound changes. Journalism as an institution that arose as a result of information technology development in the XVI–XVII centuries, as a result of the digital revolution, is losing its dominant role in the new media space. The main core of the media system’s existence, its institutional nature, is undergoing signifi cant changes in the context of increasing technological convergence and the development of the economic phenomenon of platform capitalism. The appeal to the problem is actualized by the need for updates in substantiating the ontological and functional characteristics of the institutionality of journalism in the context of rapid digitalization of the social environment. The purpose of the article is to study journalism as a transforming social institution in a competitive institutional environment. The methodology of the article is based on a dialectical approach in understanding the current state of the Institute of journalism, considering the existing contradictions and collisions as a moment in progressive development. One of the methods of analysis chosen is the direction of institutionalism, which is relevant to the sphere of functioning of social institutions – institutional logic. The system-structural and system-functional methods are used as an analysis tool. The results of the study indicate the identifi ed ontological and functional changes in the state of the Institute of journalism. It is established that the loss of the status of a monopoly entity by journalism is caused not only by the impact of exogenous factors: a technological explosion, the emergence of new institutional and non-institutional subjects but also endogenous ones: structural changes, as well as a crisis of normative and value foundations. The novelty of the article is revealed in the understanding of journalism as a convergent ontological model, which forms the basis of its changing institutional status at the digital stage of its development. Keywords: journalism as a social institution, institutional approach, institutional and non-institutional subjects, institutional logic, media system, functional complex, digital platform

Метафорическая концептуализация экономических отношений в публицистическом дискурсе финансово-экономической нестабильности (на материалах англоязычных публикаций, отражающих кризис потолка госдолга в США в 2023 г.)

The article examines the metaphorical conceptualization of a crisis economic situation in mass media discourse. The article looks at the metaphorical representation of economic relationships in the period of financial uncertainty caused by the inflation and the debt ceiling crisis in the USA in 2023. The aim of the research is to determine and describe the most relevant metaphorical models depicting the economic phenomena in the given historical period. The scientific novelty lies in describing the ways of metaphorical conceptualization of economic relationships in mass media discourse brought to life by new empirical data of the debt ceiling crisis. The research findings include describing the most relevant metaphorical models that depict the economic phenomena in the articles of The New York Times, The Washington Post, The Economist; determining the nominative field of the target concept ECONOMY; extending the corpus of metaphors from crisis discourse and identifying the primary functions of the metaphors used in the texts under the study.

Artificial neural networks in economics: mathematical tool, model or methodology?

The purpose of this article is to assess the current interaction between artificial intelligence (AI) and economic science and to identify promising interdisciplinary areas of research that can significantly influence the methodology of understanding economic phenomena. To achieve this goal, the vague and partly even mystical term AI was replaced with а more scientific term «artificial neural networks» (ANN). The article uses methods of scientometric, epistemological and comparative analysis of the processes of ANN penetration into economics and other academic disciplines. The authors reveal the epistemological commonality and difference between AI and ANN and justify the shift in epistemological focus in research from general AI to ANN. The paper systematizes the use of ANN in economics: 1) ANN as a mathematical tool for solving economic problems; 2) ANN as a model of economic phenomena; 3) ANN as a methodology for understanding economic patterns. It shows the interaction of economics with neurosciences which occurs in two significantly different directions: from neurobiology, i.e. real nerve networks in living organisms, and, on the other hand, from ANN theory. The first direction is associated with neuroeconomics, the second has not yet been articulated, but shows an exponential growth in publications and is associated primarily with forming a new economic paradigm. The ANN paradigm in economics (and not only in economics) changes both the subject of cognition, introducing radically new forms/types of evidence and new research methods, and the object of cognition, changing the focus of study from individual economic behavior to the collective economic behavior of mega-subjects.

THE ROLE OF THE ANALYSIS OF THE FINANCIAL POTENTIAL OF THE ENTERPRISE IN THE FORMATION OF THE FINANCIAL STRATEGY OF ITS ACTIVITIES

The article substantiates the significance of the analysis of the financial potential of the enterprise in the formation of the financial strategy of its activity through the study of the theoretical and methodological foundations of the implementation of this type of analysis, the basic foundations of the process of forming the strategy of the enterprise and the search for connections between these economic phenomena. By the term "financial potential of the enterprise" we can understand the totality of the enterprise's opportunities for optimizing its financial flows (volumes, dynamics and structure), the timely identification and reasonable use of which allows creating conditions for maximizing the achievement of the enterprise's current and strategic goals. It was determined that the analysis of financial potential is a comprehensive analytical study of the company's capabilities to optimize the volume and structure of its financial flows. The financial strategy of an enterprise is defined as the determination of the long-term goals of the enterprise's financial activity, the choice of the most effective methods and ways of achieving them. It is established that the analysis of the financial potential of the enterprise penetrates into all stages of the process of forming the financial strategy of the enterprise, from the comprehensive assessment of the strategic financial position of the enterprise to the development of the target strategic guidelines of its activity in the financial aspect and the evaluation of the developed financial strategy. It was determined that the importance of financial analysis in the process of forming a financial strategy is also confirmed by the fact that in the scientific literature such a subtype of analysis as strategic financial analysis is often singled out, which focuses on a comprehensive analysis of the financial aspects of the enterprise from the point of view of ensuring the most complete realization of its financial potential for long-term stable development

Narratives embedded in Faccini's novel to comment on economic concepts and phenomena

The aim of this paper is to analyze some of the interlocking narratives present in chapters four and twelve of Leonardo Faccini's The Living Face of Money, checking the link between the use of the narrative technique and the presentation of the history of economic thought. The following scholars were used as the main theoretical guidelines: Todorov (2006), to introduce the concept of embedded narrative; Prado (2011), to discuss the repercussions of the narrative embedding technique in the contemporary world; and Oliveira and Gennari (2009), to explain the contexts of enunciation of the various economic discourses addressed by Faccini's work, among others. It looks at how the technique of embedded narratives from the literary tradition contributes to the presentation of economic ideas and concepts. Based on the analysis of these narrative fittings, the political-ideological project in Faccini's novel is evaluated.

O trudnych relacjach etyki z ekonomią i nowym początku

The purpose of the considerations carried out is to determine the nature of the relationship between business ethics and economics, and in particular to demonstrate that the axiological reorientation taking place in the economic sciences today opens space for overcoming differences regarding the assumptions adopted in both disciplines that characterize business practice. The author poses a key question: is it possible to see any basis for building a common or at least similar position representative of both the community of economists and business ethicists? Answering it requires, firstly, pointing out the differences in the ways of understanding economic phenomena adopted in ethics and economics; and secondly, taking into account the current state of the world and the need to adopt voluntary restrictions on the impact on the natural environment. A prerequisite for at least a partial reconciliation of the ethical and economic vision of the economy is a change of thinking in economics – the adoption of the perspective of post-growth economics and economics of restraint.

Exploring the mechanisms of underground economy: A case study of the informal bicycle market in a southern China city

This paper aims to explore the typical mechanisms of the underground economic phenomenon through anthropological and grounded theoretical methodology through an ethnographic study on the site of an informal bicycle market in a city in South China. It investigates and analyzes the formation path and mechanism of the informal bicycle market. Data was collected through unobtrusive observation and in-depth interviews. It follows a grounded theory data analysis procedure based on multiple data sources, such as participant observations, interviews, prior literature, and news reports. The model illustrates how the informal bicycle market is formatted and the mechanisms to maintain its operations. The findings indicated that the development of the informal market affects the efficiency of social resource allocation and, in many cases, may erode the overall system of the national economy. The analysis of the formation path and mechanism of the underground economy represented by the informal market is of great significance for the sustainable development of the social economy.

La ortodoxia del modelo económico clásico y neoclásico: en hombros de gigantes

The objective of this reflection article is to vindicate great thinkers in economics who shaped the main theoretical postulates, philosophy and methodology of science, exposing their conceptual and theoretical framework for a comprehensive understanding of their most relevant contributions. In the development of the article, a historical description of the evolution of orthodox economic thought is offered, within a framework of analysis of recognition of economic doctrines from their historical, institutional, political, cultural and social situation, where their contributions are still significant for the interpretation of current reality, not in an absolute way due to the limitations of the assumptions, methods and historical interpretation of the authors, but with inputs that, objectively analyzed, provide validity and usefulness to economics professionals, and in general to all social scientists, for the exercises of positive economics of description, analysis and systematization of economic phenomena and of normative economics of intervention of reality through economic policy. The historical framework of the exhibition is until the 19th century, keeping in mind that, if the economy was built from classical and neoclassical orthodoxy, the alternative and subsequent currents are necessarily heirs, direct or indirect, of these giants of thought.

HMAE: a high-fidelity multi-agent simulator for economic phenomenon emergence

Economic models based on multi-agents are increasingly attracting attention and can provide a new perspective for exploring the causes behind social phenomena at the individual level. Existing research usually adopts society-level learning methods, and more research on micro-level heterogeneity among individuals is needed. For this, we propose a high-fidelity multi-agent economy (HMAE) model based on evolutionary game theory, including three types of agents: workers, firms, and the government. In particular, we characterize worker heterogeneity regarding laziness factors, work endowments, and commuting distances. These agents continuously and iteratively update their strategies by randomly exploring and imitating their neighbors to maximize their utility value. We simulated the evolution process of agent behavioral decisions through experiments and found that individual heterogeneity can significantly affect the decisions of workers and firms. These phenomena are consistent with some economic evolution trends in real life, and our research can provide an analytical tool for analyzing the causes of emerging economic phenomena.