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Fintech adoption and sustainable deployment of natural resources: Evidence from mineral management in Brazil

Author

Listed:
  • Raihan, Asif
  • Atasoy, Filiz Guneysu
  • Coskun, Mehmet Burhanettin
  • Tanchangya, Tipon
  • Rahman, Junaid
  • Ridwan, Mohammad
  • Sarker, Tapan
  • Elkassabgi, Ahmed
  • Atasoy, Murat
  • Yer, Huseyin

Abstract

This research aims to investigate the influence of FinTech implementation on responsible mineral resources management in Brazilian economy. For the study purposes it has utilized data set from 1990 to 2022 and for data analysis the autoregressive distributed lag (ARDL) approach has been used. The results show cointegration correlation between FinTech adoption, investment in eco-friendly mining, government funding for FinTech in the mining industry, environmental compliance, technological readiness, and sustainable mineral extraction. The result shows that a 1% increase in FinTech adoption and technology infrastructure readiness would improve sustainable mineral management by 0.01% and 0.03% respectively. However, a 1% increase in the government funding for FinTech in the mining industry, environmental compliance, and investments in sustainable mining technology adversely affect sustainable mineral management by 0.2%, 0.1%, and 0.1% over the long term. The finding provides insight about how variables may affect sustainable mining policies in the future. FinTech adoption and technology flexibility are expected to have a favorable impact on natural resources. This research offers important insights for using natural resources responsibly in the shift to Industry 4.0 by utilizing FinTech and technological readiness in Brazil.

Suggested Citation

  • Raihan, Asif & Atasoy, Filiz Guneysu & Coskun, Mehmet Burhanettin & Tanchangya, Tipon & Rahman, Junaid & Ridwan, Mohammad & Sarker, Tapan & Elkassabgi, Ahmed & Atasoy, Murat & Yer, Huseyin, 2024. "Fintech adoption and sustainable deployment of natural resources: Evidence from mineral management in Brazil," Resources Policy, Elsevier, vol. 99(C).
    • Handle: RePEc:eee:jrpoli:v:99:y:2024:i:c:s0301420724007785
    DOI: 10.1016/j.resourpol.2024.105411
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    3. Asif Raihan & Syed Masiur Rahman & Mohammad Ridwan & Tapan Sarker, 2025. "FinTech Adoption and Its Influence on Sustainable Mineral Resource Management in the United States," Resources, MDPI, vol. 14(6), pages 1-21, June.
    4. Raihan, Asif & Ridwan, Mohammad & Sarker, Tapan & Atasoy, Filiz Guneysu & Zimon, Grzegorz & Bari, ABM Mainul & Rahman, Md Shoaibur & Khan, Hayat & Mohajan, Babla, 2025. "The influence of different environmental factors toward Vietnam's net-zero emissions goal," Innovation and Green Development, Elsevier, vol. 4(3).
    5. Raihan, Asif & Rahman, Syed Masiur & Ridwan, Mohammad & Sarker, Tapan & Ben-Salha, Ousama & Rahman, Md Masudur & Zimon, Grzegorz & Sahoo, Malayaranjan & Dhar, Bablu Kumar & Roshid, Md Mustaqim & Elhaj, 2025. "Dynamic influences of different energy sources, energy efficiency, technological innovation, population, and economic growth toward achieving net zero emissions in the United Kingdom," Innovation and Green Development, Elsevier, vol. 4(4).

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