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<p>Mineral resources play a strategic role in driving economic growth; however, the resource curse dilemma remains a persistent challenge for many developed nations. In this technological era, the emergence of artificial intelligence (AI) and financial technologies (Fintech) offers promising avenues to avert the traditional resource curse. The novelty of this research lies in the adoption of two broad Fintech proxies, namely digital lending and digital capital raising. This study investigates the impacts of AI, Fintech, and mineral resources on economic growth by applying the generalized method of moments from 2014 to 2020 in 21 developed economies. The empirical results reveal that both Fintech and AI significantly stimulate economic growth, highlighting their strategic importance. Mineral resource rents indicate a negative relationship with economic growth and confirm the resource curse hypothesis. The indirect effects show that Fintech and AI mitigate adverse economic impacts by converting the resource curse into a resource blessing. In moderating effects, digital lending shows more substantial influences than digital capital. The robustness analysis supports the estimated findings using the different panel data estimators. Overall, the study recommends the promotion of Fintech and AI adoption within the mineral resource sector to ensure sustained and inclusive economic development.</p>

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The Nexus Between Mineral Resources and Economic Growth: Exploring the Moderating Role of Fintech Instruments and Artificial Intelligence in Developed Economies

  • 期刊论文

  • 发表日期：

    2026年2月11日

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  • Ilma Sharif,
  • Syed Tehseen Jawaid,
  • Moona Shamim,
  • Hira Mujahid

摘要

Mineral resources play a strategic role in driving economic growth; however, the resource curse dilemma remains a persistent challenge for many developed nations. In this technological era, the emergence of artificial intelligence (AI) and financial technologies (Fintech) offers promising avenues to avert the traditional resource curse. The novelty of this research lies in the adoption of two broad Fintech proxies, namely digital lending and digital capital raising. This study investigates the impacts of AI, Fintech, and mineral resources on economic growth by applying the generalized method of moments from 2014 to 2020 in 21 developed economies. The empirical results reveal that both Fintech and AI significantly stimulate economic growth, highlighting their strategic importance. Mineral resource rents indicate a negative relationship with economic growth and confirm the resource curse hypothesis. The indirect effects show that Fintech and AI mitigate adverse economic impacts by converting the resource curse into a resource blessing. In moderating effects, digital lending shows more substantial influences than digital capital. The robustness analysis supports the estimated findings using the different panel data estimators. Overall, the study recommends the promotion of Fintech and AI adoption within the mineral resource sector to ensure sustained and inclusive economic development.