Cevik, Nuket Kırcı; Cevik, Emrah I.; Destek, Mehmet Akif; Bugan, Mehmet Fatih; Manga, Müge

This study aims to investigate the effects of financial technologies (FinTech) on mineral productivity, used for the first time in an empirical analysis, for G-20 countries. In the process, the impacts of financial technology, population, economic growth, trade openness, human capital, and total factor productivity on mineral productivity are examined using panel regression and panel VAR procedure for the period from 2002 to 2019. Empirical research yielded evidence indicating that increasing factor productivity and finance technology drive an increase in mineral productivity. Nonetheless, there is an inverse relationship between trade openness and mineral productivity. Moreover, there is no statistically significant relationship between economic growth, population growth, human capital accumulation, and mineral productivity. Furthermore, we also utilized with method of moments quantile regression technique to observe the effects of explanatory variables on different quantiles of mineral productivity. The findings demonstrate that although economic growth has a negative effect on mineral productivity across all quantiles, a positive increase in factor productivity has an influence on mineral productivity across all quantiles. However, financial technology and human capital accumulation only benefit mineral productivity at huge quantiles. Additionally, the outcomes of the robustness check techniques used show that financial technologies and mineral productivity have a bidirectional causal link and that, in the former instance of positive shocks in the latter, there are positive and substantial reactions.

Destek, Mehmet Akif; Hossain, Mohammad Razib; Manga, Müge; Destek, Gamze

The conventional thinking states that pervasive government corruption may turn resource plenty in resource-rich countries into a burden. These issues may surface, particularly when the public sector uses conventional procedures. Based on this, the research looks at how the public sector's digitalization might aid in resolving this issue. Specifically, economic growth, trade openness, economic complexity index, public sector size, and the impacts of digitalization are assessed in relation to their reliance on natural resources for 16 nations that are vulnerable to the “curse of the natural resource” Furthermore, the moderating influence of digitalization on the link between the growth of the public sector and the resource curse is investigated. In this case, the years 1995–2021 are investigated using the CS–ARDL methodology, and the robustness of the results is evaluated using the Moments Quantile Regression method. The CS-ARDL approach's findings indicate that trade openness, public sector size, and economic progress all correlate with increased resource reliance. However, as the economy becomes more complex and digitalized, resource dependency declines. Additionally, it is demonstrated that the interaction term parameter between digitalization and the growth of the public sector is negative, indicating that digitalization within the public sector has the potential to counteract the growing reliance of the sector on resources.