Exploring the impact of fintech, human capital, mineral policy, and institutional quality on poverty traps: Evidence from resource-dependent economies

Jiachen Li, Hao Li, Xianfa Shang, Yang Pu, Mengtian Zhang and Xingchen Pan

Resources Policy, 2024, vol. 93, issue C

Abstract: In 80 developing countries from 2005 to 2021, this analysis analyzes how institutional quality, human capital, mineral policy, and Fintech affect poverty traps. We analyze panel data using MMQR to discover subtle relationships. The findings of our study demonstrate that poverty traps are negatively impacted by human capital and institutional quality, highlighting the significance of these factors in terms of economic resilience. On the other hand, natural resources and economic expansion benefit all quantiles, with the most significant impact appearing in lower to medium quantiles due to the influence of agricultural activities and mineral resources. The influence of Financial Technologies (Fintech) on poverty traps abroad is negligible. Based on these findings, specific policies are necessary to enhance human capital, improve legal systems, and ensure sustainable resource extraction and agriculture. To decrease poverty traps and promote sustainable development, the quantitative findings of this study provide policymakers and governments with assistance in formulating measures.

Keywords: Poverty trap; Natural resources; Mineral policy; Human capital; Financial technology inclusion; Institutional quality (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:93:y:2024:i:c:s0301420724003829

DOI: 10.1016/j.resourpol.2024.105015

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