Does the Feldstein–Horioka puzzle exist among South Asian countries? A regime‐switching approach

A plethora of literature has been undertaken to study the validity of the Feldstein–Horioka (FH) puzzle. However, divergent views continue to persist in the FH puzzle literature. This study explores the empirical validity of the FH puzzle in the case of South Asian countries using annual data from 1960 to 2017. Both panel data approach and Markov‐switching regression approach are used to empirically analyze the FH puzzle. The results of the cointegration test confirm the long‐run relationships between saving and investment in the selected South Asian countries. The results of Markov‐switching regression confirm that the saving‐retention coefficient has shifted from high to low values and also from low to high values. Thus, the FH puzzle exists for a particular time period and mostly depends on the regime shifts in the South Asian countries. The results of panel fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) methods also confirm that FH puzzle holds for the South Asian countries. Therefore, the study suggests that any saving promotion policies are desirable for enhancing investment among the South Asian regions.     

Feminism,nationalism, and labour in post-civil war Northern Province of Sri Lanka

This viewpoint highlights the paradox of low labour force participation and high unemployment among women at a time of growing educational levels of women in the former conflict-affected Northern Province of Sri Lanka. It highlights the rise of ethno-feminism and sub-nationalism that undermine what few opportunities open up for women in terms of employment and livelihood opportunities, thereby weakening the peacebuilding efforts of various stakeholders.     

Isolation and characterisation of a novel sildenafil analogue adulterant,desmethylpiperazinyl propoxysildenafil,in a dietary supplement

A new sildenafil analogue was detected during routine screening of dietary supplements suspected to be adulterated with an erectile dysfunction drug(s) using HPLC-DAD. The UV spectrum of this compound was highly similar to that of sildenafil and almost identical to that of desmethylpiperazinyl sildenafil. The analogue was purified by using semi-preparative HPLC and structurally elucidated by performing mass spectrometric and NMR spectroscopic experiments. The spectral data revealed that this sildenafil analogue bears an n-propoxy group instead of an ethoxy group and possesses no methylpiperazinyl moiety. The isolated compound, structure of which was further confirmed by spectral comparison with synthetic one, was thus named as desmethylpiperazinyl propoxysildenafil.     

On the stalling of the Malaysian industrialization project

Abstract

In a recent article in this journal, Henderson and Phillips (2007 Henderson, J. and Phillips, R. 2007. Unintended consequences: Social policy, state institutions and the ‘stalling’ of the Malaysian industrialization project. Economy and Society, 30(1): 78–102.  [Google Scholar]) argue that Malaysian industrialization is ‘stalling’ because it is locked into low- to medium-technology operations. They attribute this to an affirmative policy that sidelined the development of small and medium-sized enterprises (SMEs) capable of benefiting from linkages with transnational corporations (TNCs) and an immigration policy that provided cheap foreign labour and weakened the pressure on firms to upgrade themselves. While not disputing these explanations, this paper shows that the evidence they provide is unconvincing and, sometimes, undermines their case. Their argument is further weakened because they fail to explain why the proportion of high-tech exports in total Malaysian manufacturing exports is surprisingly high, unlike that of an economy concentrating on low- or medium-tech production.     

Organized Crime in Asia: A Review of Problems and Progress

This paper provides a preliminary overview of research on organized crime in Asia drawing on selected papers from a symposium held at the National University of Singapore in June 2007. We draw on these contributions to emphasize the enterprise nature of organized crime and the common problems encountered by law enforcement in controlling and preventing the many harms inflicted by serious criminal activity. Recent attempts to address the changing character and forms of transnational organized crime, especially through the strengthening of mutual legal assistance by regional bodies such as ASEAN, are noted. These measures have yet to develop into the cross-border institutional frameworks now found in Europe, and the level of effective co-operation can only continue to improve. Countering organized crime in Asia also faces additional difficulties arising from the cultural diversity, relative weakness of law enforcement in some states and the lack of common strategies in respect to illicit markets.

Social construction of capabilities and intersectional complexities in a Tamil village

India is an ethnographic museum, well-known for its national motto of “unity in diversity”. It is a country of diverse hierarchies where the social reality is intersected by the varied grades of caste and class, among others. Against this backdrop, this article conceptualises the intersections of primordial identities. The concept of intersection underscores how diverse social positions interact in a Tamil village in India. As intersectionality is “the mutually constitutive relations among social identities” (Shields 2008), the interactions of caste, class, and gender in education are conceptualised to understand the formation of capabilities.     

The Tragedy of Public Housing: Spatial Analysis of Hotspots of Aggravated Assaults in Louisville, KY (1989–1998)

In a community-level analysis, this study examines violent crime hot spots and displacement patterns in the city of Louisville, KY, from 1989 to 1998. Park DuValle, a neighborhood in Louisville, KY, was one of the major historic hot spots for assaults until 1998. The revitalization of the two vulnerable low-income public housing developments in Park DuValle, combined with the acquisition of nearby dilapidated and unattended private property by the Housing Authority of Louisville, caused a shift in the clustering pattern of assaults at Park DuValle in the 1997 and 1998. Maps revealed that assaults were displaced from the Park DuValle neighborhood to the Central Business District—the neighborhood where the majority of former residents of the Park DuValle public housing units were relocated. Both Park DuValle and the Center Business District were associated with low-income census blocks in Louisville, KY. These low-income public housing developments have exhibited a higher incidence of aggravated assaults. The results are discussed in the context of the possible revitalization of low-income public housing units. The study concludes that clustering and displacement of assault hot spots as well as emphasis on the decentralization of low-income residents need to be addressed further.     

The “thinning” blueline: a Bourdieuian appreciation of police subculture

The notion of a recalcitrant “police subculture” is pervasive in the literature on policing, often invoked to explain many of the ills linked to police misconduct and corruption. This article argues that the failure of reform efforts is the result of interventionist strategies which had sought to change police subculture “head-on” without a corresponding change in the structural conditions in which the policing role is so located, and that these efforts, theoretically, have been informed by a conceptualisation of police subculture as homogenous, monolithic, and static. Using the Bourdieuian concepts of the “habitus” and “field”, the view of a “recalcitrant” subculture will be challenged in this article. Using the Singaporean experience as a case in point, it will be shown how changes in the field of policing can bring about changes, intended or otherwise, in the occupational habitus of the police: refashioning the informal repository of knowledge guiding police work.