ORIGINAL RESEARCH article
Front. Mar. Sci.
Sec. Marine Affairs and Policy
Designing Effective Financial Pathways for Ocean Economy: A Tripartite Evolutionary Game Perspective
Provisionally accepted
- 1Shandong University, Jinan, China
- 2North China Sea Development Research Center, Ministry of Natural resources (North China Sea Standards and Metrology Center, Ministry of Natural Resources), Qingdao, China
- 3Zhejiang University, Hangzhou, China
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The development of the ocean economy plays a vital role in national strategic planning, yet it faces persistent financing challenges due to high risks, long investment cycles, and significant information asymmetries. This study constructs a tripartite evolutionary game model involving government, banks, and marine enterprises to explore effective financial support strategies for the ocean economy. Through replicator dynamic equations, simulation analysis, and sensitivity testing, the study examines how different policy incentives, industry characteristics, and stakeholder behaviors shape stable cooperation outcomes. The findings reveal that the optimal strategy is characterized by government intervention, enterprise investment, and bank exclusive marine financial products establishment, which depends on the alignment of risk compensation, financial incentives, and expected returns. A comparative analysis across three marine sectors—shipping, desalination, and marine equipment—demonstrates that financial support pathways must be tailored to industry-specific risk-return profiles. Policy recommendations include phased subsidies, differentiated incentive mechanisms, and adaptive financial product designs are given.
Keywords: Ocean economy, Marine finance, evolutionary game theory, Policy incentives, Shipping industry
Received: 12 Aug 2025; Accepted: 09 Dec 2025.
Copyright: © 2025 Chen, WANG and Lin. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: SU WANG
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