IDEAS home Printed from https://ideas.repec.org/a/gam/jjrfmx/v17y2024i11p507-d1519218.html
   My bibliography  Save this article

Evolution of Green Finance: Mapping Its Role as a Catalyst for Economic Growth and Innovation

Author

Listed:
  • Nini Johana Marín-Rodríguez

    (Grupo de Investigación en Ingeniería Financiera (GINIF), Programa de Ingeniería Financiera, Facultad de Ingenierías, Universidad de Medellín, Medellín 050026, Colombia)

  • Juan David González-Ruiz

    (Grupo de Investigación en Finanzas y Sostenibilidad, Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Universidad Nacional de Colombia, Sede Medellín, Medellín 050034, Colombia)

  • Sergio Botero

    (Departamento de Ingeniería de la Organización, Facultad de Minas, Universidad Nacional de Colombia—Sede Medellín, Medellín 050034, Colombia)

Abstract

This scientometric study analyzes the evolving landscape and outlook of green finance as a driver of economic innovation and growth, highlighting key trends and influential research within this critical field. A dataset of 371 publications was compiled from the Scopus and Web of Science databases and analyzed using VOSviewer, Bibliometrix, and Voyant tools to map the research landscape. By systematically reviewing the scientific literature, this research tracks the development of green finance’s role as a catalyst for economic innovation and growth, identifying trending topics, key studies, and major contributors through bibliometric and scientometric methods. The analysis reveals a growing interdisciplinary approach, integrating environmental, social, and political dimensions into green finance research. Keyword analysis identified three primary thematic clusters: (1) green finance and innovation, (2) economic growth, carbon neutrality, and fintech, and (3) renewable energy and urbanization. This study provides a comprehensive overview of the field and aims to guide future research while contributing to ongoing debates on the role of green finance in fostering economic innovation and sustainable growth.

Suggested Citation

  • Nini Johana Marín-Rodríguez & Juan David González-Ruiz & Sergio Botero, 2024. "Evolution of Green Finance: Mapping Its Role as a Catalyst for Economic Growth and Innovation," JRFM, MDPI, vol. 17(11), pages 1-32, November.
    • Handle: RePEc:gam:jjrfmx:v:17:y:2024:i:11:p:507-:d:1519218
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1911-8074/17/11/507/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1911-8074/17/11/507/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Martin Kamau Muchiri & Szilvia Erdei-Gally & Mária Fekete-Farkas & Zoltán Lakner, 2022. "Bibliometric Analysis of Green Finance and Climate Change in Post-Paris Agreement Era," JRFM, MDPI, vol. 15(12), pages 1-13, November.
    2. Zhao, Xu & Luo, Dongkun, 2017. "Driving force of rising renewable energy in China: Environment, regulation and employment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P1), pages 48-56.
    3. Aria, Massimo & Cuccurullo, Corrado, 2017. "bibliometrix: An R-tool for comprehensive science mapping analysis," Journal of Informetrics, Elsevier, vol. 11(4), pages 959-975.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. McCauley, Darren & Pettigrew, Kerry, 2023. "Building a just transition in asia-pacific: Four strategies for reducing fossil fuel dependence and investing in clean energy," Energy Policy, Elsevier, vol. 183(C).
    2. Zeng, Ying & Liu, Xinyi & Zhang, Xinyuan & Li, Zhiyong, 2024. "Retrospective of interdisciplinary research on robot services (1954–2023): From parasitism to symbiosis," Technology in Society, Elsevier, vol. 78(C).
    3. Merve Anaç & Gulden Gumusburun Ayalp & Kamil Erdayandi, 2023. "Prefabricated Construction Risks: A Holistic Exploration through Advanced Bibliometric Tool and Content Analysis," Sustainability, MDPI, vol. 15(15), pages 1-31, August.
    4. Dong, Kangyin & Sun, Renjin & Li, Hui & Liao, Hua, 2018. "Does natural gas consumption mitigate CO2 emissions: Testing the environmental Kuznets curve hypothesis for 14 Asia-Pacific countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 419-429.
    5. Quan-Hoang Vuong & Huyen Thanh T. Nguyen & Thanh-Hang Pham & Manh-Toan Ho & Minh-Hoang Nguyen, 2021. "Assessing the ideological homogeneity in entrepreneurial finance research by highly cited publications," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-11, December.
    6. Xu, Bin & Lin, Boqiang, 2018. "Do we really understand the development of China's new energy industry?," Energy Economics, Elsevier, vol. 74(C), pages 733-745.
    7. Shuangqing Sheng & Wei Song & Hua Lian & Lei Ning, 2022. "Review of Urban Land Management Based on Bibliometrics," Land, MDPI, vol. 11(11), pages 1-25, November.
    8. Maksym Obrizan, 2018. "Economists in Ukraine: who are they and where do they publish?," Working Papers 3181, Research Consulting and Development.
    9. Hongxia Jin & Lu Lu & Haojun Fan, 2022. "Global Trends and Research Hotspots in Long COVID: A Bibliometric Analysis," IJERPH, MDPI, vol. 19(6), pages 1-14, March.
    10. Zoltán Lakner & Brigitta Plasek & Gyula Kasza & Anna Kiss & Sándor Soós & Ágoston Temesi, 2021. "Towards Understanding the Food Consumer Behavior–Food Safety–Sustainability Triangle: A Bibliometric Approach," Sustainability, MDPI, vol. 13(21), pages 1-23, November.
    11. Ying Liang & Wei Song, 2022. "Ecological and Environmental Effects of Land Use and Cover Changes on the Qinghai-Tibetan Plateau: A Bibliometric Review," Land, MDPI, vol. 11(12), pages 1-23, November.
    12. Lanzalonga Federico & Chmet Federico & Petrolo Basilio & Brescia Valerio, 2023. "Exploring Diversity Management to Avoid Social Washing and Pinkwashing: Using Bibliometric Analysis to Shape Future Research Directions," Journal of Intercultural Management, Sciendo, vol. 15(1), pages 41-65, March.
    13. Jussi T. S. Heikkila, 2020. "Classifying economics for the common good: Connecting sustainable development goals to JEL codes," Papers 2004.04384, arXiv.org.
    14. Wirapong Chansanam & Chunqiu Li, 2022. "Scientometrics of Poverty Research for Sustainability Development: Trend Analysis of the 1964–2022 Data through Scopus," Sustainability, MDPI, vol. 14(9), pages 1-19, April.
    15. Zhichao Wang & Valentin Zelenyuk, 2021. "Performance Analysis of Hospitals in Australia and its Peers: A Systematic Review," CEPA Working Papers Series WP012021, School of Economics, University of Queensland, Australia.
    16. Norma Salgado-Orellana & Emilio Berrocal de-Luna & Calixto Gutiérrez-Braojos, 2021. "A scientometric study of doctoral theses on the Roma in the Iberian Peninsula during the 1977–2018 period," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(1), pages 437-458, January.
    17. Simon Hartmann & Thomas Lindner & Jakob Müllner & Jonas Puck, 2022. "Beyond the nation-state: Anchoring supranational institutions in international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 1282-1306, August.
    18. Nicolás Ruiz, Néstor & Suárez Alonso, María Luisa & Vidal-Abarca, María Rosario, 2021. "Contributions of dry rivers to human well-being: A global review for future research," Ecosystem Services, Elsevier, vol. 50(C).
    19. Sampene, Agyemang Kwasi & Li, Cai & Wiredu, John, 2024. "An outlook at the switch to renewable energy in emerging economies: The beneficial effect of technological innovation and green finance," Energy Policy, Elsevier, vol. 187(C).
    20. Hiranya Dissanayake & D.B.P.H. Dissabandara & K.L.W. Perera & A.R. Ajward, 2023. "Bibliometric analysis on the Covid-19 impact on corporate sustainability," Journal of Financial Studies, Institute of Financial Studies, vol. 14(8), pages 57-71, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jjrfmx:v:17:y:2024:i:11:p:507-:d:1519218. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.