{"title":"Diversity Matters in the World of Finance: Does Ethnic and Religious Diversity Hinder Financial Development in Developing Countries?","authors":"Saqib Amin, Syed Mansoob Murshed","doi":"10.1111/deve.12434","DOIUrl":"https://doi.org/10.1111/deve.12434","url":null,"abstract":"<p>This paper investigates the relationship between ethnic and religious diversity (<i>ED</i> and <i>RD</i>) and financial development using the data from 102 developing countries. It is widely accepted that financial depth and the more ready availability of finance have a central role to play in fostering economic growth. We hypothesize that financial development in developing countries, especially those at the early stages of economic development, may be retarded by preexisting <i>ED</i> and <i>RD</i>, which may produce conflict. However, we believe that this risk can be moderated by sound institutional functioning, including good governance and democracy. Financial development is measured using M2 and private credit, both as a percentage of GDP, while <i>ED</i> and <i>RD</i> is measured using the Alesina fragmentation index. Our results are supportive of our hypothesis that <i>ED</i> and <i>RD</i> can indeed hamper financial development; these risks, however, are mitigated by well-functioning institutional arrangements.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 3","pages":"262-284"},"PeriodicalIF":1.4,"publicationDate":"2025-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144782808","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":"Surviving the Islamic State: Contention, Cooperation, and Neutrality in Wartime Iraq by Austin J. Knuppe, New York, NY, Columbia University Press, 2024, xxii + 284 pp.","authors":"George L. Simpson Jr.","doi":"10.1111/deve.12433","DOIUrl":"https://doi.org/10.1111/deve.12433","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 2","pages":"207-209"},"PeriodicalIF":2.5,"publicationDate":"2025-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143896859","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":"Introduction to the Special Issue on “Text as Data in the Study of Politics in Developing Countries”","authors":"Hirokazu Kikuchi, Keiichi Kubo","doi":"10.1111/deve.12432","DOIUrl":"https://doi.org/10.1111/deve.12432","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 1","pages":"3-8"},"PeriodicalIF":2.5,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253048","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 Stigma Matrix: Gender, Globalization, and the Agency of Pakistan's Frontline Women by Fauzia Husain, Stanford, CA, Stanford University Press, 2024, xi + 290 pp.","authors":"Maria Rashid","doi":"10.1111/deve.12431","DOIUrl":"https://doi.org/10.1111/deve.12431","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 1","pages":"130-133"},"PeriodicalIF":2.5,"publicationDate":"2024-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143253367","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":"Labour and Capital Use in Indian Manufacturing: Structural Aspects by Anjali Tandon, Abingdon, Oxon, Routledge, 2024, xvii + 177 pp.","authors":"Mehak Majeed","doi":"10.1111/deve.12430","DOIUrl":"https://doi.org/10.1111/deve.12430","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 1","pages":"129-130"},"PeriodicalIF":2.5,"publicationDate":"2024-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143252566","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 Latecomer's Rise: Policy Banks and the Globalization of China's Development Finance by Muyang Chen, Ithaca, NY, Cornell University Press, 2024, xii + 224 pp.","authors":"Peter J. Morgan","doi":"10.1111/deve.12429","DOIUrl":"https://doi.org/10.1111/deve.12429","url":null,"abstract":"","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 1","pages":"126-128"},"PeriodicalIF":2.5,"publicationDate":"2024-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143245273","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":"Electoral Incentives and Negotiated Settlements: Legislative Deliberation on the Mindanao Conflict in the Philippines","authors":"Aya Watanabe","doi":"10.1111/deve.12427","DOIUrl":"https://doi.org/10.1111/deve.12427","url":null,"abstract":"<p>Some conflict-experiencing countries undergo both violent and electoral competitions. In other words, electoral competition evolves while nonstate actors struggle to realize their political and cultural demands by arms. Although increasing attention has been paid to the interplay between domestic political dynamics and violent conflict, we still know little about how the electoral calculations of legislators shape their response to negotiated settlement, possibly influencing conflict processes. By examining the congressional records of the House of Representatives in the Philippines, this study conducts quantitative text analyses to assess the impacts of electoral incentives—shaped by executive popularity, district ethnic composition, and the occurrence of conflict-related violence—on legislators' response to negotiated settlement. The results demonstrate that legislators are sensitive to constituents' views on conflict settlement by showing support or opposition to negotiated settlement, anticipating their electoral fortunes in the next election.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 1","pages":"47-69"},"PeriodicalIF":2.5,"publicationDate":"2024-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/deve.12427","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143248433","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Relationship between Air Quality and Financial Risk Aversion: A View of Hetero-Geneous Response to Air Pollution","authors":"Xunzhou Ma, Liurong Liang, Zhen-Xing Wu, Zhicheng Cao, Yibo You, Cheng Xue","doi":"10.1111/deve.12426","DOIUrl":"https://doi.org/10.1111/deve.12426","url":null,"abstract":"<p>This paper conducts experiments on a sample of subjects from Chengdu and Wuhan, China, who are mostly unconcerned about air pollution. We provide evidence on the relationship between air quality and financial risk aversion by assessing the plausibility of two channels: affects and cognitive ability. We find that air pollution increases the financial risk aversion of subjects who are concerned about it by altering their emotional responses. However, the cognitive abilities of our subjects are not affected by air pollution, regardless of whether they are concerned about the pollution or not. Meanwhile, we show that reference dependence effect can explain why most subjects in our sample are not highly concerned about air quality. The results of our study stress the importance of beliefs about the impact of air pollution in determining the relationship between air pollution and human behavior.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 2","pages":"183-206"},"PeriodicalIF":2.5,"publicationDate":"2024-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143896860","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}
Erdem Yörük, Şükrü Atsızelti, M. Fuat Kına, Fırat Duruşan, Oğuz Gürerk, Melih Can Yardı, Ali Hürriyetoğlu, Osman Mutlu, Tolga Etgü, Murat Koyuncu, Işık Topçu
{"title":"A Computational Analysis of Ideological Positions, Emotional Stance, and Support for Presidential Candidates in Turkey","authors":"Erdem Yörük, Şükrü Atsızelti, M. Fuat Kına, Fırat Duruşan, Oğuz Gürerk, Melih Can Yardı, Ali Hürriyetoğlu, Osman Mutlu, Tolga Etgü, Murat Koyuncu, Işık Topçu","doi":"10.1111/deve.12424","DOIUrl":"https://doi.org/10.1111/deve.12424","url":null,"abstract":"<p>Using artificial intelligence, this article explores the intricate dynamics between ideologies, emotions, and political preferences of the electorate in Turkey. Utilizing a dataset of one billion posts from X (formerly Twitter), the study maps out political opinions, focusing on support for presidential candidates, ideological stances, and collective emotions around the pivotal 2023 Turkish presidential elections. We discuss the limitations of conventional survey techniques and introduce an ERC-funded Politus project that processes digital trace data to offer timely insights into social and political trends. The study's findings, particularly around the “prayer rug (<i>seccade</i>) crisis,” underscore the complexity of electoral politics and the potential of digital trace data in capturing the evolving sentiments and ideological orientations of voters. Through this computational approach, the research provides a granular depiction of Turkey's ideological map and electoral behavior, contributing significantly to the discourse on political analysis in the digital era.</p>","PeriodicalId":46525,"journal":{"name":"Developing Economies","volume":"63 1","pages":"97-125"},"PeriodicalIF":2.5,"publicationDate":"2024-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/deve.12424","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143252744","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}