Mineral resources and Fintech: Catalyzing human capital and sustainable development

Haoyu Cheng, Zhijun Chen, Meng Qin and Chi-Wei Su

Resources Policy, 2024, vol. 92, issue C

Abstract: The natural resource curse exemplifies the puzzle that limited-resource nations oversee higher economic prosperity than resource-reliant nations. On the other hand, Fintech is revolutionizing the financial sector and paving the way towards sustainable development in the top ten GDP nations. The ongoing analysis explores the matter of abundant natural resources augmenting economic prosperity. The present research explicates the case for the top ten polluted nations. Using the novel panel data models, the continuously-updated and fully modified (CUP-FM) and continuously updated and bias-corrected (CUP-BC) tests, the research validates that natural resources magnify gross domestic product. The research uses the period of 20 years (2000–2020). Policy experts find the association very encouraging. Natural resources, Fintech, and human capital lead to an upsurge in gross domestic product in the chosen panel. According to the results, policy experts should outline sustainable growth strategies. It includes the sustainable use of natural resources and investment in and promotion of Fintech. Moreover, it is required to promote human capital in the chosen nations.

Keywords: Coal and oil resources; Financial technologies; CUP-FM and CUP-BC; Sustainable development (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:92:y:2024:i:c:s0301420724003520

DOI: 10.1016/j.resourpol.2024.104985

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