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FHow Important Is the Relationship between Financial Development and Economic Growth? Bibliometric Analysis

Author

Listed:
  • Gabriela BADAREU

    (University of Craiova, Faculty of Economics and Business Administration)

  • Roxana BÄ‚DÃŽRCEA

    (University of Craiova, Faculty of Economics and Business Administration)

  • Alina Georgiana MANTA

    (University of Craiova, Faculty of Economics and Business Administration)

  • Nicoleta DORAN

    (University of Craiova, Faculty of Economics and Business Administratio)

Abstract

This study presents a bibliometric analysis, the aim being the investigation of the scientific works carried out on the topic of research specific to the field of financial development and the implications on economic growth, as well as the analysis of the connection between the themes in the research area. The relationship between financial development and economic growth is widely addressed in the field of research, encountering various hypotheses regarding the direction and sign of influence between these 2 components. As a result, the number of works is significant, and such an analysis allows us to rank and identify the most cited authors as well as the most popular research centers in the given field. Using the Web of Science database, which provides numerous bibliometric indicators, we investigated 7839 references in the field of interest from 2000-2023. The analysis was carried out with the help of the VOSviewer research tool, which allows the visualization of similarities between works. Thus, we analyzed and created maps for keyword co-occurrence, coauthorship as well as co-citations in the field of financial development and economic growth. This analysis allows us not only to identify the works in the area of interest, but also provides a detailed picture of the authors, institutions and countries that develop research and give special importance to the study in the field we are targeting. The results of the analysis highlight the existence of a strong link between financial development and economic growth with other extended areas such as the environment. Also, the study shows that most of the research takes place in countries such as China, USA, Turkey, and the collaboration between the authors allows researchers to carry out studies in centers in less developed countries such as Pakistan.

Suggested Citation

  • Gabriela BADAREU & Roxana BÄ‚DÃŽRCEA & Alina Georgiana MANTA & Nicoleta DORAN, 2022. "FHow Important Is the Relationship between Financial Development and Economic Growth? Bibliometric Analysis," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(24), pages 62-71, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2022:i:24:p:62-71
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    References listed on IDEAS

    as
    1. Etienne Wasmer & Philippe Weil, 2004. "The Macroeconomics of Credit and Labor Markets Imperfections," SciencePo Working papers Main hal-01020132, HAL.
    2. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    3. Etienne Wasmer & Philippe Weil, 2004. "The Macroeconomics of Labor and Credit Market Imperfections," American Economic Review, American Economic Association, vol. 94(4), pages 944-963, September.
    4. Dirk Tunger & Marc Eulerich, 2018. "Bibliometric analysis of corporate governance research in German-speaking countries: applying bibliometrics to business research using a custom-made database," Scientometrics, Springer;Akadémiai Kiadó, vol. 117(3), pages 2041-2059, December.
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    6. Jagadish Prasad Bist, 2018. "Financial development and economic growth: Evidence from a panel of 16 African and non-African low-income countries," Cogent Economics & Finance, Taylor & Francis Journals, vol. 6(1), pages 1449780-144, January.
    7. repec:hal:spmain:info:hdl:2441/8622 is not listed on IDEAS
    8. H. Kent Baker & Satish Kumar & Nitesh Pandey, 2020. "A bibliometric analysis of European Financial Managementʼs first 25 years," European Financial Management, European Financial Management Association, vol. 26(5), pages 1224-1260, November.
    9. Etienne Wasmer & Philippe Weil, 2004. "The Macroeconomics of Credit and Labor Markets Imperfections," SciencePo Working papers hal-01020132, HAL.
    10. Kumar, Biplab & Sekhar, Inder, 2019. "Financial development and economic growth: panel evidence from BRICS," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 24(47), pages 113-126.
    11. Stiglitz, Joseph E & Weiss, Andrew, 1983. "Incentive Effects of Terminations: Applications to the Credit and Labor Markets," American Economic Review, American Economic Association, vol. 73(5), pages 912-927, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    bibliometric analysis; VOSviewer; Web of Science; financial development; economic growth;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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