A Bibliometric Analysis of Research Trends to Study the Impact of Financial Development on the Environment

Abstract

The present study is an attempt to dwell into the area of financial development and to understand its impact on the environment and sustainability. Using the meta-data of 628 research articles from the period of 2009-22, the analysis begins with a description of the sample dataset retrieved from the Scopus database. The research advances concerning the thematic and intellectual structure of different aspects of financial development and the environment are examined. Using the bibliometric methodology of scientific mapping, a cluster analysis based on bibliographic coupling of documents is undertaken. The results reveal four emerging themes. Using content analysis, the impact of Financial Development (FD) on ’Carbon Emissions,’ ’Environmental Quality,’ ’Energy Consumption’, and ’Environmental Degradation’ is presented in four subsections as clusters. The findings of this study are expected to provide valuable assistance to future scholars in their investigation of the phenomenon pertaining to these four specific sub-areas.