New trends and directions in local government finance research: A bibliometric analysis

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Local government finance has a critical impact on regional sustainability and governance. This study seeks to conduct comprehensive analyses of evolving trends and future directions in municipal finance research. It aims to address the insufficient longitudinal studies and fragmented understanding of how municipal finance practices and policies evolve by providing systematic evidence on dynamic trends and potential future trajectories. The study employed bibliometric analysis using Scopus and Google Scholar databases and Publish or Perish (PoP) software to analyze literature dynamics and associated topics and research trends and improve understanding of local government financial research. The results show a strong focus on local governance. Key themes included transparency, accountability, and financial sustainability, highlighting the critical need for good governance and fiscal prudence. The promising directions are technology (e-government) and comprehensive actions on the economic side through public-private partnerships and financial sustainability. Critical themes are fiscal stress, budgeting, and local government finance. However, new trends in sustainability, public-private partnerships, financial resilience, municipal bonds, and land finance are emerging as significant research areas. It highlights the field’s adaptability to evolving social and economic conditions. Through a thorough synthesis of these insights, stakeholders are better positioned to gain a deeper understanding of the current landscape of local government finance studies and their broader implications within a constantly changing global environment.

Acknowledgments
The authors would like to express their sincere gratitude to the Dean of the Faculty of Economics and Business, Hasanuddin University, for their invaluable support and assistance in this research. Their unwavering commitment to advancing academic research and community service has been the key to completing this study.

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    • Figure 1. Data collection strategy
    • Figure 2. Annual scientific production
    • Figure 3. Local government finance research network map
    • Figure 4. Development of popular local government finance research topics
    • Figure 5. Thematic evolution in two cutting points
    • Table 1. Main information on local government financial research
    • Table 2. Statistics of total number of articles and citations over the years
    • Table 3. Top ten most-cited research papers in local government financial studies
    • Table 4. Top ten journals for research on local government finance based on total citations
    • Table 5. The ten most frequent keywords
    • Conceptualization
      Darmawati
    • Data curation
      Darmawati
    • Formal Analysis
      Darmawati, Elis Mediawati, Syarifuddin Rasyid
    • Methodology
      Darmawati
    • Project administration
      Darmawati, Syarifuddin Rasyid
    • Software
      Darmawati
    • Supervision
      Darmawati
    • Validation
      Darmawati, Elis Mediawati, Syarifuddin Rasyid
    • Visualization
      Darmawati
    • Writing – original draft
      Darmawati, Elis Mediawati, Syarifuddin Rasyid
    • Writing – review & editing
      Darmawati
    • Resources
      Elis Mediawati, Syarifuddin Rasyid