Geothermal Energy, Economic Growth, and Econometric Modeling: A Four-Decade Bibliometric Review

Authors

https://doi.org/10.48313/iee.vi.55

Abstract

Geothermal energy is increasingly recognized not only as a reliable renewable resource but also as an economic asset with the potential to contribute to sustainable growth. While studies of the energy–growth nexus have employed econometric approaches for decades, research on geothermal energy within this framework remains relatively fragmented. To address this gap, this study applies a bibliometric approach to systematically map the research landscape at the intersection of geothermal energy, economic growth, and econometric analysis. Data were retrieved from the Scopus database on 24 September 2025 using a comprehensive Boolean query that integrates geothermal, economic, and econometric terms. After screening through a PRISMA process, 603 final journal articles published between 1980 and 2025 were selected. The metadata were analyzed using VOSviewer (version 1.6.20) for collaboration networks, keyword co-occurrence, and reference co-citation, CiteSpace for keyword burst detection, and Microsoft Excel for descriptive statistics and trend analysis. The results show a decisive expansion of the field after 2010, with publication outputs peaking in 2024 and citations in 2021. Asian institutions, particularly in China, dominate publication and collaboration networks, while the United States, the United Kingdom, Turkey, and Pakistan also contribute significantly. However, participation from Africa and Latin America remains limited. Thematic analysis highlights the prominence of geothermal energy, renewable energy, and sustainable development, yet reveals methodological conservatism and weak integration across econometrics, engineering, and policy perspectives.

Keywords:

Bibliometric study, Geothermal energy, Economic growth, Econometric analysis

References

  1. [1] Ball, P. J. (2021). A review of geothermal technologies and their role in reducing greenhouse gas emissions in the USA. Journal of energy resources technology, 143(1). https://doi.org/10.1115/1.4048187

  2. [2] Younger, P. (2015). Geothermal energy: Delivering on the global potential. Energies, 8(10), 11737–11754. https://doi.org/10.3390/en81011737

  3. [3] Idroes, G. M., Afjal, M., Khan, M., Haseeb, M., Hardi, I., Noviandy, T. R., & Idroes, R. (2024). Exploring the role of geothermal energy consumption in achieving carbon neutrality and environmental sustainability. Heliyon, 10(23), e40709. https://doi.org/10.1016/j.heliyon.2024.e40709

  4. [4] Shortall, R., Davidsdottir, B., & Axelsson, G. (2015). Geothermal energy for sustainable development: A review of sustainability impacts and assessment frameworks. Renewable and sustainable energy reviews, 44, 391–406. https://doi.org/10.1016/j.rser.2014.12.020

  5. [5] Idroes, G. M., Syahnur, S., Majid, M. S. A., Idroes, R., Kusumo, F., & Hardi, I. (2023). Unveiling the Carbon footprint: Biomass vs. geothermal energy in Indonesia. Ekonomikalia journal of economics, 1(1), 10–18. https://doi.org/10.60084/eje.v1i1.47

  6. [6] Idroes, G. M., Hafizah, I., Hartono, D., Dharma, D. B., Hardi, I., Noviandy, T. R., & Idroes, R. (2025). Investigating hydropower energy consumption’s effect on southeast asia’s path to achieving environmental sustainability and carbon neutrality. Carbon research, 4(1), 57. https://doi.org/10.1007/s44246-025-00218-4

  7. [7] Walmsley, T. G., Philipp, M., Picón Núñez, M., Meschede, H., Taylor, M. T., Schlosser, F., & Atkins, M. J. (2023). Hybrid renewable energy utility systems for industrial sites: A review. Renewable and sustainable energy reviews, 188. https://doi.org/10.1016/j.rser.2023.113802

  8. [8] Idroes, G. M., Syahnur, S., Majid, S. A., Sasmita, N. R., & Idroes, R. (2021). Provincial economic level analysis in indonesia based on the geothermal energy potential and growth regional domestic products using cluster analysis. IOP conference series: materials science and engineering, 1087(1), 012079. https://doi.org/10.1088/1757-899X/1087/1/012079

  9. [9] Barbier, E. (1997). Nature and technology of geothermal energy: A review. Renewable and sustainable energy reviews, 1(1–2), 1–69. https://doi.org/10.1016/S1364-0321(97)00001-4

  10. [10] Bashir, M. A., Dengfeng, Z., Shahzadi, I., & Bashir, M. F. (2022). Does geothermal energy and natural resources affect environmental sustainability? Evidence in the lens of sustainable development. Environmental science and pollution research, 30(8), 21769–21780. https://doi.org/10.1007/s11356-022-23656-8

  11. [11] Mahmood, S., Misra, P., Sun, H., Luqman, A., & Papa, A. (2024). Sustainable infrastructure, energy projects, and economic growth: mediating role of sustainable supply chain management. Annals of operations research. https://doi.org/10.1007/s10479-023-05777-6

  12. [12] Fazli, Q. S., Idroes, G. M., Hilal, I. S., Hafizah, I., Hardi, I., & Noviandy, T. R. (2025). Agrochemicals, GHG Emissions, and GDP in Southeast Asia: A Machine learning approach with hierarchical clustering. Grimsa journal of business and economics studies, 2(2), 140–151. https://doi.org/10.61975/gjbes.v2i2.93

  13. [13] Feng, Y., Hu, J., Afshan, S., Irfan, M., Hu, M., & Abbas, S. (2023). Bridging resource disparities for sustainable development: A comparative analysis of resource-rich and resource-scarce countries. Resources policy, 85, 103981. https://doi.org/10.1016/j.resourpol.2023.103981

  14. [14] Alsaleh, M., & Abdul-Rahim, A. S. (2022). Toward a sustainable environment: nexus between geothermal energy growth and land use change in EU economies. Environmental science and pollution research, 30(9), 24223–24241. https://doi.org/10.1007/s11356-022-23377-y

  15. [15] Wang, X., & Alsaleh, M. (2023). Determinants of geothermal power sustainability development: Do global competitiveness markets matter? Sustainability, 15(4), 3747. https://doi.org/10.3390/su15043747

  16. [16] Idroes, G. M., Hardi, I., Hilal, I. S., Utami, R. T., Noviandy, T. R., & Idroes, R. (2024). Economic growth and environmental impact: assessing the role of geothermal energy in developing and developed countries. Innovation and green development, 3(3), 100144. https://doi.org/10.1016/j.igd.2024.100144

  17. [17] Kassem, M. A., & Moscariello, A. (2025). Geothermal energy: A sustainable and cost-effective alternative for clean energy production and climate change mitigation. Sustainable futures, 10, 101247. https://doi.org/10.1016/j.sftr.2025.101247

  18. [18] Zeren, F., Gülcan, N., Gürsoy, S., Ekşi, İ. H., Tabash, M. I., & Radulescu, M. (2023). The relationship between geothermal energy consumption, foreign direct investment, and economic growth in geothermal consumer countries: Evidence from panel fourier causality test. Energies, 16(3), 1258. https://doi.org/10.3390/en16031258

  19. [19] Cook, D., Davidsdottir, B., & Petursson, J. G. (2015). Accounting for the utilisation of geothermal energy resources within the genuine progress indicator—A methodological review. Renewable and sustainable energy reviews, 49, 211–220. https://doi.org/10.1016/j.rser.2015.04.171

  20. [20] Caetano, T., Winkler, H., & Depledge, J. (2020). Towards zero carbon and zero poverty: integrating national climate change mitigation and sustainable development goals. Climate policy, 20(7), 773–778. https://doi.org/10.1080/14693062.2020.1791404

  21. [21] Enevoldsen, P., Baum, C. M., Low, S., & Sovacool, B. K. (2022). Examining the synergies and tradeoffs of net-zero climate protection with the Sustainable Development Goals. Science progress, 105(4). https://doi.org/10.1177/00368504221138443

  22. [22] Compernolle, T., Welkenhuysen, K., Petitclerc, E., Maes, D., & Piessens, K. (2019). The impact of policy measures on profitability and risk in geothermal energy investments. Energy economics, 84, 104524. https://doi.org/10.1016/j.eneco.2019.104524

  23. [23] Smyth, R., & Narayan, P. K. (2015). Applied econometrics and implications for energy economics research. Energy economics, 50, 351–358. https://doi.org/10.1016/j.eneco.2014.07.023

  24. [24] Soltani, M., Moradi Kashkooli, F., Dehghani-Sanij, A. R., Nokhosteen, A., Ahmadi-Joughi, A., Gharali, K., … Dusseault, M. B. (2019). A comprehensive review of geothermal energy evolution and development. International journal of green energy, 16(13), 971–1009. https://doi.org/10.1080/15435075.2019.1650047

  25. [25] Bhuiyan, M. A., Zhang, Q., Khare, V., Mikhaylov, A., Pinter, G., & Huang, X. (2022). Renewable Energy Consumption and Economic Growth Nexus—A Systematic Literature Review. Frontiers in environmental science, 10. https://doi.org/10.3389/fenvs.2022.878394

  26. [26] Doğan, M., Tekbaş, M., & Gursoy, S. (2022). The impact of wind and geothermal energy consumption on economic growth and financial development: Evidence on selected countries. Geothermal energy, 10(1), 19. https://doi.org/10.1186/s40517-022-00230-6

  27. [27] Fazli, Q. S., Noviandy, T. R., Idroes, G. M., & Idroes, G. M. (2025). Research Landscape on Occupational Hazards and Pesticide Exposure among Agricultural Workers: A Bibliometric Analysis. Narra review, 1(3), e13–e13. https://doi.org/10.52225/narrarev.v1i3.13

  28. [28] Salim Fazli, Q., Isaack Delya, M., Hironimus Kihwili, E., Qashmal, M., Shabrina Hilal, I., & Idroes, G. M. (2025). How Is Research Connecting Artificial Intelligence, Sustainability Governance, and Agri-Food Supply Chains Evolving? A Bibliometric Analysis. Indatu journal of management and accounting, 3(2), 88–100. https://doi.org/10.60084/ijma.v3i2.368

  29. [29] Fazli, Q. S., Delya, M. I., Almuchty, M. A., Hafizah, I., & Wiranatakusuma, D. B. (2025). Mapping the Evolution of Agricultural Economics: A Bibliometric Analysis of the Nexus between Economic Growth, Environmental Sustainability, and Econometric Modeling. Ekonomikalia journal of economics, 3(2), 106–118. https://doi.org/10.60084/eje.v3i2.345

  30. [30] Fazli, Q. S., Lorente, D. B., Hilal, S. I., Maulidar, P., & Idroes, G. M. (2025). Mapping Global Research on Agrochemicals and Sustainability: A Bibliometric Analysis of Environmental and Economic Perspectives. Innovations in environmental economics, 1(2), 109–124. https://doi.org/10.48313/iee.v1i2.44

  31. [31] Anderson, A., & Rezaie, B. (2019). Geothermal technology: Trends and potential role in a sustainable future. Applied energy, 248, 18–34. https://doi.org/10.1016/j.apenergy.2019.04.102

  32. [32] Ando, T., Greenwood-Nimmo, M., & Shin, Y. (2022). Quantile connectedness: modeling tail behavior in the topology of financial networks. Management science, 68(4), 2401–2431. https://doi.org/10.1287/mnsc.2021.3984

  33. [33] Baruník, J., & Křehlík, T. (2018). Measuring the frequency dynamics of financial connectedness and systemic risk. Journal of financial econometrics, 16(2), 271–296. https://doi.org/10.1093/jjfinec/nby001

  34. [34] Apergis, N., & Payne, J. E. (2010). The emissions, energy consumption, and growth nexus: evidence from the commonwealth of independent states. Energy policy, 38(1), 650–655. https://doi.org/10.1016/j.enpol.2009.08.029

  35. [35] Kurnia, J. C., Shatri, M. S., Putra, Z. A., Zaini, J., Caesarendra, W., & Sasmito, A. P. (2022). Geothermal energy extraction using abandoned oil and gas wells: Techno‐economic and policy review. International journal of energy research, 46(1), 28–60. https://doi.org/10.1002/er.6386

  36. [36] Suganthi, L., & Samuel, A. A. (2012). Energy models for demand forecasting—A review. Renewable and sustainable energy reviews, 16(2), 1223–1240. https://doi.org/10.1016/j.rser.2011.08.014

  37. [37] Cartwright, E., & Igudia, E. (2024). The case for mixed methods research: Embracing qualitative research to understand the (informal) economy. Review of development economics, 28(4), 1947–1970. https://doi.org/10.1111/rode.13069

  38. [38] Bachner, G., Bednar-Friedl, B., Nabernegg, S., & Steininger, K. W. (2015). Economic Evaluation Framework and Macroeconomic Modelling (pp. 101–120). https://doi.org/10.1007/978-3-319-12457-5_7

  39. [39] Cao, X., Liu, Z., Hu, C., Song, X., Quaye, J. A., & Lu, N. (2024). Three-Dimensional Geological Modelling in Earth Science Research: An In-Depth Review and Perspective Analysis. Minerals, 14(7), 686. https://doi.org/10.3390/min14070686

  40. [40] Xia, Z. H., Jia, G. S., Ma, Z. D., Wang, J. W., Zhang, Y. P., & Jin, L. W. (2021). Analysis of economy, thermal efficiency and environmental impact of geothermal heating system based on life cycle assessments. Applied energy, 303, 117671. https://doi.org/10.1016/j.apenergy.2021.117671

Published

2026-03-06

How to Cite

Geothermal Energy, Economic Growth, and Econometric Modeling: A Four-Decade Bibliometric Review. (2026). Innovations in Environmental Economics , 2(1), 16-31. https://doi.org/10.48313/iee.vi.55

Similar Articles

1-10 of 19

You may also start an advanced similarity search for this article.