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  • Meta-analysis of the literature related to SDG 3 and its investment

Meta-analysis of the literature related to SDG 3 and its investment

  • Received September 1, 2021;
    Accepted October 19, 2021;
    Published October 25, 2021
  • Author(s)
    Link to ORCID Index: https://orcid.org/0000-0001-7326-5374
    Inna Makarenko
    ORCID Researcher ID ,
    E-mail:
    Link to Linkedin: https://www.linkedin.com/pub/plastun-alexey/57/7bb/444/
    Link to ORCID Index: https://orcid.org/0000-0001-8208-7135
    Alex Plastun
    ORCID Researcher ID ,
    Link to ORCID Index: https://orcid.org/0000-0002-4535-2240
    Mario Situm
    ORCID Researcher ID ,
    Link to ORCID Index: https://orcid.org/0000-0002-4448-3484
    Yuliia Serpeninova
    ORCID Researcher ID ,
    Link to ORCID Index: https://orcid.org/0009-0002-8173-9802
    Giuseppe Sorrentino
    ORCID
  • DOI
    http://dx.doi.org/10.21511/pmf.10(1).2021.10
  • Article Info
    Volume 10 2021, Issue #1, pp. 119-137
  • TO CITE АНОТАЦІЯ
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2020 revealed the vulnerability of the healthcare systems in most countries. It also highlighted their failure to generate serious progress in the fulfillment of Sustainable Development Goal 3 (SDG 3): Ensure healthy lives and promote welfare for all at all ages. One of the key problems inhibiting its progress is the lack of financial resources. Based on a comprehensive meta-analysis of the literature related to SDG 3 and its investment, it aims to demonstrate that lack of appropriate academic support is a part of the failure to generate serious progress in the fulfillment of SDG 3. To do this academic literature published in the period 2010–2019 is analyzed. SciVal Elsevier, VosViewer, and Google Trends tools are applied for analysis. The results show that there is a significant interest in the academic circles on SDG 3 alone. However, this interest is concentrated toward its medical aspects while economic aspects, including investment, are poorly represented. This study shows that the reason for the current investment gap in SDG 3 is the lack of academic support to provide a theoretical, methodological, and analytical framework for tackling the financing problem for SDG 3.

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  • PAPER PROFILE
  • AUTHORS CONTRIBUTIONS
  • FIGURES
  • TABLES
  • REFERENCES
  • Keywords
    financial market, healthcare, investment, meta-analysis, responsible investment, SDG 3
  • JEL Classification (Paper profile tab)
    I18, Q01, H87, C42
  • References
    57
  • Tables
    7
  • Figures
    11
    • Figure 1. Results of the analysis of keyphrases for “SDG 3: good health and well-being” from 2015 to 2020
    • Figure 2. Newly emerged topics for SDG 3 in 2021
    • Figure 3. Bibliometric map of the publications concerning “SDG 3 and investment” and “SDG 3 and responsible investment” by keywords
    • Figure 4. Bibliometric map of publications concerning “SDG 3 and investment” and “SDG 3 and responsible investment” by authors
    • Figure 5. Internet queries concerning “SDG 3,” “SDG 3 and investment,” “SDG 3 and responsible investment,” and “responsible investment” in 2010–2021
    • Figure 6. Ngram concerning “SDG 3 and investment” in 1960–2019
    • Figure 7. Ngram concerning “SDG 3 and responsible investment” in 1960–2019
    • Figure A1. Structural analysis by subjects for “SDG 3”
    • Figure A2. Structural analysis by subjects for “SDG 3 and investment”
    • Figure A3. Structural analysis by subjects for “SDG 3 and responsible investment”
    • Figure D1. Topics and topics clusters in each research area, 2010–2019
    • Table 1. Cross-SDGs meta-analysis results of relevant academic papers
    • Table 2. Static analysis of SDG 3 and investment coverage in academic literature over the period 2010–2019 as of March 31, 2021
    • Table 3. Dynamic analysis of SDG 3 and investment coverage in academic literature over the period 2010–2019 as of March 31, 2021
    • Table 4. Economic topics and topic clusters in each research area during 2010–2019 by prominence percentile
    • Table B1. Top 10 institutions, sectors, and countries in each research area by scholarly output, 2010–2019
    • Table C1. Top 10 authors by scholarly output and citation in each research area, 2010–2019
    • Table E1. List of articles based on the bibliometric map of publications concerning “SDG 3 and investment” and “SDG 3 and responsible investment”
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    • Conceptualization
      Inna Makarenko, Alex Plastun, Mario Situm, Giuseppe Sorrentino
    • Investigation
      Inna Makarenko, Alex Plastun, Yuliia Serpeninova
    • Methodology
      Inna Makarenko, Alex Plastun
    • Project administration
      Inna Makarenko, Alex Plastun, Mario Situm
    • Visualization
      Inna Makarenko, Alex Plastun
    • Writing – original draft
      Inna Makarenko, Alex Plastun, Yuliia Serpeninova, Giuseppe Sorrentino
    • Writing – review & editing
      Inna Makarenko, Alex Plastun, Mario Situm, Giuseppe Sorrentino
    • Data curation
      Alex Plastun
    • Formal Analysis
      Alex Plastun, Yuliia Serpeninova
    • Funding acquisition
      Alex Plastun
    • Resources
      Alex Plastun, Yuliia Serpeninova, Giuseppe Sorrentino
    • Software
      Alex Plastun
    • Supervision
      Alex Plastun, Mario Situm
    • Validation
      Alex Plastun
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    Benny Budiawan TjandrasaORCID , Hotlan SiagianORCID Researcher ID, Ferry JieORCID doi: http://dx.doi.org/10.21511/imfi.17(3).2020.09
    Investment Management and Financial Innovations Volume 17, 2020         Issue #3         pp. 111-121 Views: 4690 Downloads: 1067 TO CITE АНОТАЦІЯ

    The government bond (GB) has become the most attractive investment portfolio option, even though many macroeconomic factors affect the bond yield. This paper aims to investigate the determining factor of local currency government bond yield by considering the inflation rate, credit default swap, stock market index, exchange rate, and volatility index. This study used 240 data panel from the Bloomberg stock market in the form of data panel covering Southeast developing countries, namely Indonesia, Thailand, Malaysia, and the Philippines, for five years or sixty months from January 2015 to December 2019. Data analysis used recursive models and multivariate regression techniques using EViews software. The random effect model results revealed that change in the foreign exchange rate and volatility indexes affected, partially and simultaneously, the changes in the stock market index. The result also showed that changes in the stock market index, inflation rate, and credit default swap affected, partially and simultaneously, government bond yield changes. These results suggest that the government bond yield could be managed by controlling volatility index, foreign exchange rate, stock market index, inflation rates, and credit default swaps. This finding could provide an insight into the policymaker and fiscal authority on managing the risk of government bonds under control during high volatility or even making it reasonably lower. This result could contribute to the current research in the field of financial management.

    Acknowledgment
    It is the author’s pleasure to thank Muhammad Aulia SE MSc CSA® from the Ministry of Finance of Republic Indonesia, for his invaluable contribution to encourage this study and also to share the data required for this paper. He also delivers essential insights into improving the quality of this work. This research received no specific grant from any funding agency in the public, commercial, or not-for-profit sectors.

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