THE RELATIONSHIP BETWEEN FINANCIAL DEVELOPMENT AND SUSTAINABLE DEVELOPMENT GOALS — A BIBLIOMETRIC ANALYSIS

• Published in: Journal of Business & Economic Analysis 2023-08, Vol.6 (2), p.179-202
• Main Author: THEN, WENDY WEE JIN
• Format: Article
• Language: English
• Subjects: bibliometric analysis; Financial development; Scopus; SDGs; VOSviewer
• ISSN: 2737-5668; 2618-0324
• DOI: 10.1142/S2737566824500026

The Sustainable Development Goals (SDGs) serve as a common aim that brings many nations together, led by the United Nations with the purpose to achieve a set of 17 targets by 2030. One very important factor in achieving these aims is finance. The advancement in financial development all around the world will be able to speed up achieving SDGs where governments, policymakers, and people will be able to grow the economic development and infrastructure of the country, provide adequate job opportunities for many people, reduce poverty, as well as improve sustainability around the world. In opposition to that, some researchers see the advancement in financial development as an activity that will jeopardize achieving SDGs as financial development might lead to the production of carbon footprints at a faster rate. Using bibliometric analysis, this paper was able to discover that there is an increase in attention and interest in the field with the rise in publications in recent years, especially in 2022. Furthermore, this paper also identifies research hotspots within the field while also finding and analyzing the most impactful authors and publications on the topic. Ultimately, this paper hopes to provide a better definition for the relationship between financial development and SDGs with the use of bibliometric analysis, where data is collected from the Scopus database and analyzed using VOSviewer.