Trends and Implications of Caring Economics Research in Indonesia: a Bibliometric Analysis from 2016 to 2022
DOI:
https://doi.org/10.26668/businessreview/2023.v8i1.767Keywords:
Research Trends, Caring Economics, Bibliometric Analysis, Research, Research AnalysisAbstract
Purpose: The aim of this study is to explain the trends of published research on Caring Economics and their implications for the development of future research.
Theoritical Framework: Caring Economics is a novel approach to considering human prosperity. According to conventional economics, prosperity is determined by consumption, income, and wealth. Caring Economics, in contrast, conceives of prosperity in terms of more fundamental causes of long-term human wellbeing. From this perspective, individuals are prosperous when their lives are going well. This feeling of success is not limited primarily to the satisfaction of materialistic demands and desires. Moreover, it contains an interpersonal component.
Design/methodology/approach: This research method is a bibliographic analysis using data from the Google Scholar database, the most popular indexer in Indonesia. To collect data, Harzing Publish or Perish was used with the central database of Google Scholar. VosViewer is also used as a tool to get a map of the relationship between authors and between searched keywords. Furthermore, Microsoft Excel is used to process the data and tree mapping from the data obtained.
Findings: This research is essential to drive the development of a sustainable caring economics paradigm in realizing collective economic prosperity. The results of this study indicate that the type of research with the theme of Caring economics is not widely published, namely 32 publications of research results and conceptual scientific ideas. Focused and Interdisciplinary Journal of Partnership Studies is the most influential journal in Caring Economics research, namely H-index 4. The most cited Caring Economics researcher from 2015 to 2022 is Indra Darmawan, with 4 citations. Silvia Hedenigg followed in second place with 4 citations and Mit Witjaksono with 2 citations. After being traced, Indra Darmawan and Mit Witjaksono came from the State University of Malang. Researcher Silvia Hedenigg comes from Friedensau Adventist University institution.
Research, Practical & Social implications: The results and findings indicate that caring economics research has not been widely studied in economics, economic education, community economics, health, and services related to humans and the economy. Empirically, problems related to concerns in economics, financial education, community economics, health, and services related to humans and the economy must be investigated to solve the issues faced. It is essential to implement caring economics to build the Indonesian economy towards social justice for all Indonesians by realizing a prosperous Indonesia as a whole.
Originality/value: This finding has implications for efforts to encourage academics and researchers in Indonesia to discover caring economics to revitalize the economy from the micro to macro level so that Indonesia's economic fundamentals are getting stronger. In addition, it is recommended for collaborative research between institutions to enrich scientific wealth and develop a more comprehensive research study on Caring Economics.
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