{"title":"Technology and the Rise of Great Powers: How Diffusion Shapes Economic Competition by Jeffrey Ding, Princeton, NJ, Princeton University Press, 2024, xiii +306 pp.","authors":"Keun Lee","doi":"10.1111/deve.12451","DOIUrl":"https://doi.org/10.1111/deve.12451","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 4","pages":"376-378"},"PeriodicalIF":1.4,"publicationDate":"2025-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145486764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Political Outsider: Indian Democracy and the Lineages of Populism by Srirupa Roy, Stanford, CA, Stanford University Press, 2024, ix + 362 pp.","authors":"Norio Kondo","doi":"10.1111/deve.12450","DOIUrl":"https://doi.org/10.1111/deve.12450","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 4","pages":"372-375"},"PeriodicalIF":1.4,"publicationDate":"2025-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145486799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Innovation-Development Detours for Latecomers: Managing Global–Local Interfaces in the De-Globalization Era by Keun Lee, Cambridge, Cambridge University Press, 2024, xix + 284 pp.","authors":"Elizabeth Thurbon","doi":"10.1111/deve.12448","DOIUrl":"https://doi.org/10.1111/deve.12448","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 4","pages":"364-367"},"PeriodicalIF":1.4,"publicationDate":"2025-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145487014","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Great Betrayal: The Struggle for Freedom and Democracy in the Middle East by Fawaz A. Gerges, Princeton, NJ, Princeton University Press, 2025, xiv + 365 pp.","authors":"Housam Darwisheh","doi":"10.1111/deve.12449","DOIUrl":"https://doi.org/10.1111/deve.12449","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 4","pages":"368-371"},"PeriodicalIF":1.4,"publicationDate":"2025-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145486737","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Economic History of India: Growth, Income and Inequalities from the Mughals to the 21st Century by Bishnupriya Gupta, Cambridge, Cambridge University Press, 2025, xiv + 219 pp.","authors":"Tirthankar Roy","doi":"10.1111/deve.12447","DOIUrl":"https://doi.org/10.1111/deve.12447","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 4","pages":"362-363"},"PeriodicalIF":1.4,"publicationDate":"2025-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145487100","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study attempts to measure the endogeneity-prone effects of the implementation of the domestic systemically important bank (D-SIB) capital buffer in Thailand by creating a synthetic control for each D-SIB. The main findings suggest that the D-SIBs responded to the D-SIB capital buffer differently, depending on the relative size of the portfolios with higher risk weights. Specifically, the D-SIB with the highest proportion of business loans in its portfolio decreased lending growth more than the other two D-SIBs, whereas the D-SIB with the highest proportion of retail loans did not significantly decrease lending growth. In addition, the state-owned commercial bank behaved differently from other banks such that synthetic controls cannot be created to replicate the unique behavior. While this study finds no significant effects on capital and risk-weighted assets in the short run, it cannot rule out the possibility of the D-SIBs raising more capital in the longer run.
{"title":"Basel III Capital Requirements and Lending: The Case of the D-SIB Capital Buffer in Thailand","authors":"Attavit Prachakseranee","doi":"10.1111/deve.12444","DOIUrl":"https://doi.org/10.1111/deve.12444","url":null,"abstract":"<p>This study attempts to measure the endogeneity-prone effects of the implementation of the domestic systemically important bank (D-SIB) capital buffer in Thailand by creating a synthetic control for each D-SIB. The main findings suggest that the D-SIBs responded to the D-SIB capital buffer differently, depending on the relative size of the portfolios with higher risk weights. Specifically, the D-SIB with the highest proportion of business loans in its portfolio decreased lending growth more than the other two D-SIBs, whereas the D-SIB with the highest proportion of retail loans did not significantly decrease lending growth. In addition, the state-owned commercial bank behaved differently from other banks such that synthetic controls cannot be created to replicate the unique behavior. While this study finds no significant effects on capital and risk-weighted assets in the short run, it cannot rule out the possibility of the D-SIBs raising more capital in the longer run.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 3","pages":"225-261"},"PeriodicalIF":1.4,"publicationDate":"2025-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144782818","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Coalitions Presidents Make: Presidential Power and Its Limits in Democratic Indonesia by Marcus Mietzner, Ithaca, NY, Cornell University Press, 2023, xvii + 285 pp.","authors":"Koichi Kawamura","doi":"10.1111/deve.12445","DOIUrl":"https://doi.org/10.1111/deve.12445","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 3","pages":"292-295"},"PeriodicalIF":1.4,"publicationDate":"2025-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144782281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Minimum-wage legislation is a standard policy in most developing countries. Nonetheless, the consequences of increases in the minimum-wage are not conclusive. This paper examines the heterogeneous effects of minimum-wage, considering the imperfect enforcement of minimum-wage policy and different compliance levels across the firm sizes and types of workers, analyzing the Colombian case. Our identification strategy uses policy circumstances to set the minimum-wage associated with arbitrary decisions not explained by the fundamentals determining the minimum-wage. Using instrumental variable techniques, we show that a 10% increase in the minimum-wage reduces the employment rate by 1.27 percentage points and 0.70 percentage points in the proportion of hours worked. Consistent with a theoretical model of minimum-wage policy with imperfect competition and enforcement, the negative minimum-wage effect is larger in firms with higher levels of compliance—that is, medium- and large-sized firms, and within these, the unskilled workers are the most affected.
{"title":"Minimum-Wage Effects, Compliance, and Firm Size in a Developing Economy: Evidence from Colombia","authors":"Gustavo A. García, Christian Posso, Salomé Arango","doi":"10.1111/deve.12443","DOIUrl":"https://doi.org/10.1111/deve.12443","url":null,"abstract":"<p>Minimum-wage legislation is a standard policy in most developing countries. Nonetheless, the consequences of increases in the minimum-wage are not conclusive. This paper examines the heterogeneous effects of minimum-wage, considering the imperfect enforcement of minimum-wage policy and different compliance levels across the firm sizes and types of workers, analyzing the Colombian case. Our identification strategy uses policy circumstances to set the minimum-wage associated with arbitrary decisions not explained by the fundamentals determining the minimum-wage. Using instrumental variable techniques, we show that a 10% increase in the minimum-wage reduces the employment rate by 1.27 percentage points and 0.70 percentage points in the proportion of hours worked. Consistent with a theoretical model of minimum-wage policy with imperfect competition and enforcement, the negative minimum-wage effect is larger in firms with higher levels of compliance—that is, medium- and large-sized firms, and within these, the unskilled workers are the most affected.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 4","pages":"301-327"},"PeriodicalIF":1.4,"publicationDate":"2025-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145486691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Transforming Poor Economies: Effective Development Strategies for Agriculture and Industry by Keijiro Otsuka, Cheltenham, Edward Elgar Publishing, 2024, x + 234 pp.","authors":"Yuko Nakano","doi":"10.1111/deve.12446","DOIUrl":"https://doi.org/10.1111/deve.12446","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 3","pages":"295-298"},"PeriodicalIF":1.4,"publicationDate":"2025-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144782558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}