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

Nini Johana Marín-Rodríguez (), Juan David González-Ruiz and Sergio Botero
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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

JRFM, 2024, vol. 17, issue 11, 1-32

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.

Keywords: green finance; economic growth; innovation; sustainable development; scientometric analysis (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2024
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