Examining the Relationship between Economic Growth, Financial Development, and Carbon Emissions: A Review of the Literature and Scientometric Analysis

Umar Nawaz Kayani, Misbah Sadiq, Mustafa Raza Rabbani, Ahmet Faruk Aysan and Farrukh Nawaz Kayani
Additional contact information
Umar Nawaz Kayani: College of Business, Al Ain University, Abu Dhabi, United Arab Emirates,
Misbah Sadiq: College of Business Administration, Umm Al Quwain University, United Arab Emirates,
Mustafa Raza Rabbani: Department of Accounting and Finance, British University of Bahrain, Kingdom of Bahrain,
Ahmet Faruk Aysan: Hamad Bin Khalifa University, College of Islamic Studies, Qatar Foundation, Qatar.
Farrukh Nawaz Kayani: Director Finance & Accounts, Saffron International, Islamabad, Pakistan.

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 2, 489-499

Abstract: This article presents a comprehensive overview of the relationship between economic growth, financial development, and carbon emissions by utilizing bibliometric analysis and scientific mapping. The research utilized the Scopus database, covering the period from 1989 to 2023. Through network analysis, the study identified five primary clusters, distinguished by the geographical and technological extent of the topic. The main objective of this review is to provide a comprehensive understanding of the future research avenues in the nexus between economic growth and carbon emissions. The article discusses the authors, journals, regions, and organizations that have had a significant impact on the growth-emission nexus, along with a summary of the most frequently cited works in this field. Furthermore, a meta-analysis was conducted to determine the aggregate impact of each research initiative. Based on the analysis and identified gaps, the study proposes future research paths.

Keywords: Economic development; Pollution; Financial growth; Environmental Quality; Carbon footprint; Economy-carbon nexus (search for similar items in EconPapers)
JEL-codes: B22 Q56 Q59 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-02-55

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