13,542 research outputs found

    Preferentialism and the conditionality of trade agreements. An application of the gravity model

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    Modern economic growth is driven by international trade, and the preferential trade agreement constitutes the primary fit-for-purpose mechanism of choice for establishing, facilitating, and governing its flows. However, too little attention has been afforded to the differences in content and conditionality associated with different trade agreements. This has led to an under-considered mischaracterisation of the design-flow relationship. Similarly, while the relationship between trade facilitation and trade is clear, the way trade facilitation affects other areas of economic activity, with respect to preferential trade agreements, has received considerably less attention. Particularly, in light of an increasingly globalised and interdependent trading system, the interplay between trade facilitation and foreign direct investment is of particular importance. Accordingly, this thesis explores the bilateral trade and investment effects of specific conditionality sets, as established within Preferential Trade Agreements (PTAs). Chapter one utilises recent content condition-indexes for depth, flexibility, and constraints on flexibility, established by DĂŒr et al. (2014) and Baccini et al. (2015), within a gravity framework to estimate the average treatment effect of trade agreement characteristics across bilateral trade relationships in the Association of Southeast Asian Nations (ASEAN) from 1948-2015. This chapter finds that the composition of a given ASEAN trade agreement’s characteristic set has significantly determined the concomitant bilateral trade flows. Conditions determining the classification of a trade agreements depth are positively associated with an increase to bilateral trade; hereby representing the furthered removal of trade barriers and frictions as facilitated by deeper trade agreements. Flexibility conditions, and constraint on flexibility conditions, are also identified as significant determiners for a given trade agreement’s treatment effect of subsequent bilateral trade flows. Given the political nature of their inclusion (i.e., the appropriate address to short term domestic discontent) this influence is negative as regards trade flows. These results highlight the longer implementation and time frame requirements for trade impediments to be removed in a market with higher domestic uncertainty. Chapter two explores the incorporation of non-trade issue (NTI) conditions in PTAs. Such conditions are increasing both at the intensive and extensive margins. There is a concern from developing nations that this growth of NTI inclusions serves as a way for high-income (HI) nations to dictate the trade agenda, such that developing nations are subject to ‘principled protectionism’. There is evidence that NTI provisions are partly driven by protectionist motives but the effect on trade flows remains largely undiscussed. Utilising the Gravity Model for trade, I test Lechner’s (2016) comprehensive NTI dataset for 202 bilateral country pairs across a 32-year timeframe and find that, on average, NTIs are associated with an increase to bilateral trade. Primarily this boost can be associated with the market access that a PTA utilising NTIs facilitates. In addition, these results are aligned theoretically with the discussions on market harmonisation, shared values, and the erosion of artificial production advantages. Instead of inhibiting trade through burdensome cost, NTIs are acting to support a more stable production and trading environment, motivated by enhanced market access. Employing a novel classification to capture the power supremacy associated with shaping NTIs, this chapter highlights that the positive impact of NTIs is largely driven by the relationship between HI nations and middle-to-low-income (MTLI) counterparts. Chapter Three employs the gravity model, theoretically augmented for foreign direct investment (FDI), to estimate the effects of trade facilitation conditions utilising indexes established by Neufeld (2014) and the bilateral FDI data curated by UNCTAD (2014). The resultant dataset covers 104 countries, covering a period of 12 years (2001–2012), containing 23,640 observations. The results highlight the bilateral-FDI enhancing effects of trade facilitation conditions in the ASEAN context, aligning itself with the theoretical branch of FDI-PTA literature that has outlined how the ratification of a trade agreement results in increased and positive economic prospect between partners (Medvedev, 2012) resulting from the interrelation between trade and investment as set within an improving regulatory environment. The results align with the expectation that an enhanced trade facilitation landscape (one in which such formalities, procedures, information, and expectations around trade facilitation are conditioned for) is expected to incentivise and attract FDI

    Life-Cycle Portfolio Choice with Stock Market Loss Framing: Explaining the Empirical Evidence

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    We develop a life-cycle model with optimal consumption, portfolio choice, and flexible work hours for households with loss-framing preferences giving them disutility if they experience losses from stock investments. Structural estimation using U.S. data shows that the model tracks the empirical age-pattern of stock market participants’ financial wealth, stock shares, and work hours remarkably well. Including stock market participation costs in the model allows us to also predict low stock market participations rates observed in the overall population. Allowing for heterogeneous agents further improves explanatory power and accounts for the observed discrepancy in wealth accumulation between stockholders and non-stockholders

    Digital asset management via distributed ledgers

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    Distributed ledgers rose to prominence with the advent of Bitcoin, the first provably secure protocol to solve consensus in an open-participation setting. Following, active research and engineering efforts have proposed a multitude of applications and alternative designs, the most prominent being Proof-of-Stake (PoS). This thesis expands the scope of secure and efficient asset management over a distributed ledger around three axes: i) cryptography; ii) distributed systems; iii) game theory and economics. First, we analyze the security of various wallets. We start with a formal model of hardware wallets, followed by an analytical framework of PoS wallets, each outlining the unique properties of Proof-of-Work (PoW) and PoS respectively. The latter also provides a rigorous design to form collaborative participating entities, called stake pools. We then propose Conclave, a stake pool design which enables a group of parties to participate in a PoS system in a collaborative manner, without a central operator. Second, we focus on efficiency. Decentralized systems are aimed at thousands of users across the globe, so a rigorous design for minimizing memory and storage consumption is a prerequisite for scalability. To that end, we frame ledger maintenance as an optimization problem and design a multi-tier framework for designing wallets which ensure that updates increase the ledger’s global state only to a minimal extent, while preserving the security guarantees outlined in the security analysis. Third, we explore incentive-compatibility and analyze blockchain systems from a micro and a macroeconomic perspective. We enrich our cryptographic and systems' results by analyzing the incentives of collective pools and designing a state efficient Bitcoin fee function. We then analyze the Nash dynamics of distributed ledgers, introducing a formal model that evaluates whether rational, utility-maximizing participants are disincentivized from exhibiting undesirable infractions, and highlighting the differences between PoW and PoS-based ledgers, both in a standalone setting and under external parameters, like market price fluctuations. We conclude by introducing a macroeconomic principle, cryptocurrency egalitarianism, and then describing two mechanisms for enabling taxation in blockchain-based currency systems

    Examining the Impact of Personal Social Media Use at Work on Workplace Outcomes

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    A noticable shift is underway in today’s multi-generational workforce. As younger employees propel digital workforce transformation and embrace technology adoption in the workplace, organisations need to show they are forward-thinking in their digital transformation strategies, and the emergent integration of social media in organisations is reshaping internal communication strategies, in a bid to improve corporate reputations and foster employee engagement. However, the impact of personal social media use on psychological and behavioural workplace outcomes is still debatebale with contrasting results in the literature identifying both positive and negative effects on workplace outcomes among organisational employees. This study seeks to examine this debate through the lens of social capital theory and study personal social media use at work using distinct variables of social use, cognitive use, and hedonic use. A quantitative analysis of data from 419 organisational employees in Jordan using SEM-PLS reveals that personal social media use at work is a double-edged sword as its impact differs by usage types. First, the social use of personal social media at work reduces job burnout, turnover intention, presenteeism, and absenteeism; it also increases job involvement and organisational citizen behaviour. Second, the cognitive use of personal social media at work increases job involvement, organisational citizen behaviour, employee adaptability, and decreases presenteeism and absenteeism; it also increases job burnout and turnover intention. Finally, the hedonic use of personal social media at work carries only negative effects by increasing job burnout and turnover intention. This study contributes to managerial understanding by showing the impact of different types of personal social media usage and recommends that organisations not limit employee access to personal social media within work time, but rather focus on raising awareness of the negative effects of excessive usage on employee well-being and encourage low to moderate use of personal social media at work and other personal and work-related online interaction associated with positive workplace outcomes. It also clarifies the need for further research in regions such as the Middle East with distinct cultural and socio-economic contexts

    A cosmopolitan international law: the authority of regional inter-governmental organisations to establish international criminal accountability mechanisms

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    The overall aim of this thesis is to investigate the potential role of regional inter-governmental organisations (RIGOs) in international criminal accountability, specifically through the establishment of criminal accountability mechanisms, and to make a case for RIGOs’ active involvement. The thesis proceeds from the assumption that international criminal justice is a cosmopolitan project that demands that a tenable conception of state sovereignty guarantees humanity’s fundamental values, specifically human dignity. Since cosmopolitanism emphasises the equality and unity of the human family, guaranteeing the dignity and humanity of the human family is therefore a common interest of humanity rather than a parochial endeavour. Accountability for international crimes is one way through which human dignity can be validated and reaffirmed where such dignity has been grossly and systematically assaulted. Therefore, while accountability for international crimes is primarily the obligation of individual sovereign states, this responsibility is ultimately residually one of humanity as a whole, exercisable through collective action. As such, the thesis advances the argument that states as collective representations of humanity have a responsibility to assist in ensuring accountability for international crimes where an individual state is either genuinely unable or unwilling by itself to do so. The thesis therefore addresses the question as to whether RIGOs, as collective representations of states and their peoples, can establish international criminal accountability mechanisms. Relying on cosmopolitanism as a theoretical underpinning, the thesis examines the exercise of what can be considered as elements of sovereign authority by RIGOs in pursuit of the cosmopolitan objective of accountability for international crimes. In so doing, the thesis interrogates whether there is a basis in international law for such engagement, and examines how such engagement can practically be undertaken, using two case studies of the European Union and the Kosovo Specialist Chambers and Specialist Prosecutor’s Office, and the African Union and the (proposed) Hybrid Court for South Sudan. The thesis concludes that general international law does not preclude RIGOs from exercising elements of sovereign authority necessary for the establishment of international criminal accountability mechanisms, and that specific legal authority to engage in this regard can then be determined by reference to the doctrine of attributed/conferred powers and the doctrine of implied powers in interpreting the legal instruments of RIGOs. Based on this conclusion, the thesis makes a normative case for an active role for RIGOs in the establishment of international criminal accountability mechanisms, and provides a practical step-by-step guide on possible legal approaches for the establishment of such mechanisms by RIGOs, as well as guidance on possible design models for these mechanisms

    Chinese Benteng Women’s Participation in Local Development Affairs in Indonesia: Appropriate means for struggle and a pathway to claim citizen’ right?

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    It had been more than two decades passing by aftermath the devastating Asia’s Financial Crisis in 1997, subsequently followed by Suharto’s step down from his presidential throne which he occupied for more than three decades. The financial turmoil turned to a political disaster furthermore has led to massive looting that severely impacted Indonesians of Chinese descendant, including unresolved mystery of the most atrocious sexual violation against women and covert killings of students and democracy activists in this country. Since then, precisely aftermath May 1998, which publicly known as “Reformasi”1, Indonesia underwent political reform that eventually corresponded positively to its macroeconomic growth. Twenty years later, in 2018, Indonesia captured worldwide attention because it has successfully hosted two internationally renowned events, namely the Asian Games 2018 – the most prestigious sport events in Asia – conducted in Jakarta and Palembang; and the IMF/World Bank Annual Meeting 2018 in Bali. Particularly in the IMF/World Bank Annual Meeting, this event has significantly elevated Indonesia’s credibility and international prestige in the global economic powerplay as one of the nations with promising growth and openness. However, the narrative about poverty and inequality, including increasing racial tension, religious conservatism, and sexual violation against women are superseded by friendly climate for foreign investment and eventually excessive glorification of the nation’s economic growth. By portraying the image of promising new economic power, as rhetorically promised by President Joko Widodo during his presidential terms, Indonesia has swept the growing inequality in this highly stratified society that historically compounded with religious and racial tension under the carpet of digital economy.Arte y Humanidade

    Black Grammars: On Difference and Belonging

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    Black Grammars: On Difference and Belonging examines Blackness and difference from my perspective having come to Canada as part of the wave of Ethiopians and Eritreans that migrated to the West in large numbers in the 1980s and 1990s. In this dissertation, I make sense of growing up and living Black in Canada alongside and among other Black communities who have already settled and have been living in Canada for generations. This moment in the 80s and 90s and the emerging diaspora from the Horn of Africa coming to the West encountering Black communities already living here from previous waves of Black migration grounds the dissertation. Black Grammars opens by analyzing Black and East African student groups in university as one site of this encounter of Black diasporas but also as a point of departure from which to examine how Black difference is thought and engaged in academic study. I draw on my own experiences growing up and attending school and university in Toronto. This project begins by analyzing Black and East African student groups in universities in Canada, and examines the space between these two identities and identifications that our presence opens up for theorization and analysis. I demonstrate how the limits of the conceptual terrain and the constraints represented by and between those two student groups come to be reproduced across Black Studies literature and normative research done on East African diasporas. This conceptual space forms the terrain and point of departure for this study. As part of the method of this dissertation, I lay out a set of Scenes that lay out how Blackness and Black difference gets taken up in social and communal settings among Black people and how that same Black(ness) difference gets taken up in academic study. I cite incongruities, shortcomings and gaps that are left wanting. I conclude that Blackness and Black difference is taken up in much more engaging and complex ways amongst Black people in the everyday than academic study has heretofore been able to account for. Put differently, the ways Black Studies and African Diaspora Studies come to be constituted form the terrain on which the need and space for a concept like Black Grammars emerges. Attentive to this conceptual terrain and prevailing constraints, I posit Black Grammars as a theory of relationality that attempts to bring Black diasporas into sociality and conversation with each other. The central question Black Grammars engages: how might we think Black difference otherwise? How do we account for and attend to the multiplicities of Blackness made ever more complex by the various trajectories that make up the fullness of the Black diaspora? Black Grammars is an analytic that attends to these gaps and inconsistencies and also centers ways Black people relate to each other in everyday contexts that is rooted in Black Diasporic Sociality. As a heuristic device, Black Grammars centers Blackness and Black difference and posits a theory of Black relationality that is anchored in the ways Black people play, politic and perform difference amidst and amongst themselves

    Investigative Methods: An NCRM Innovation Collection

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    This Innovation Collection on investigative methods brings together investigators working in different domains, sectors, and on different topics of interest to help capture the breadth, scope and relevance of investigative practices over 10 substantive chapters. Each of the papers presents a different investigative method or set of methods and, through case studies, attempts to demonstrate their value. All the contributions, in different ways and for different purposes, seek to reconstruct acts, events, practices, biographies and/or milieux, to which the researchers in question lack direct access, but which they want to reconstruct via the traces those phenomena leave behind, traces themselves often produced as part of the phenomena under investigation. These include reports of methods used in investigations on: - The use of force by state actors, including into police violence, military decisions to attack civilians, the provenance of munitions used to attack civilians, and the use and abuse of tear gas; - Networks of far-right discourse, and its links to criminal attacks and state-leveraged misinformation campaigns; - Archives to establish the penal biographies of convicts and the historical practices of democratic petitioning; - Corporate structures and processes that enable tax avoidance and an avoidance of legal responsibilities to workers and the environment. A working principle of the collection is that investigative methods may be considered, alongside creative, qualitative, quantitative, digital, participatory and mixed methods, a distinct yet complementary style of research

    Secure authentication and key agreement via abstract multi-agent interaction

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    Authentication and key agreement are the foundation for secure communication over the Internet. Authenticated Key Exchange (AKE) protocols provide methods for communicating parties to authenticate each other, and establish a shared session key by which they can encrypt messages in the session. Within the category of AKE protocols, symmetric AKE protocols rely on pre-shared master keys for both services. These master keys can be transformed after each session in a key-evolving scheme to provide the property of forward secrecy, whereby the compromise of master keys does not allow for the compromise of past session keys. This thesis contributes a symmetric AKE protocol named AMI (Authentication via Multi-Agent Interaction). The AMI protocol is a novel formulation of authentication and key agreement as a multi-agent system, where communicating parties are treated as autonomous agents whose behavior within the protocol is governed by private agent models used as the master keys. Parties interact repeatedly using their behavioral models for authentication and for agreeing upon a unique session key per communication session. These models are evolved after each session to provide forward secrecy. The security of the multi-agent interaction process rests upon the difficulty of modeling an agent's decisions from limited observations about its behavior, a long-standing problem in AI research known as opponent modeling. We conjecture that it is difficult to efficiently solve even by a quantum computer, since the problem is fundamentally one of missing information rather than computational hardness. We show empirically that the AMI protocol achieves high accuracy in correctly identifying legitimate agents while rejecting different adversarial strategies from the security literature. We demonstrate the protocol's resistance to adversarial agents which utilize random, replay, and maximum-likelihood estimation (MLE) strategies to bypass the authentication test. The random strategy chooses actions randomly without attempting to mimic a legitimate agent. The replay strategy replays actions previously observed by a legitimate client. The MLE strategy estimates a legitimate agent model using previously observed interactions, as an attempt to solve the opponent modeling problem. This thesis also introduces a reinforcement learning approach for efficient multi-agent interaction and authentication. This method trains an authenticating server agent's decision model to take effective probing actions which decrease the number of interactions in a single session required to successfully reject adversarial agents. We empirically evaluate the number of interactions required for a trained server agent to reject an adversarial agent, and show that using the optimized server leads to a much more sample-efficient interaction process than a server agent selecting actions by a uniform-random behavioral policy. Towards further research on and adoption of the AMI protocol for authenticated key-exchange, this thesis also contributes an open-source application written in Python, PyAMI. PyAMI consists of a multi-agent system where agents run on separate virtual machines, and communicate over low-level network sockets using TCP. The application supports extending the basic client-server setting to a larger multi-agent system for group authentication and key agreement, providing two such architectures for different deployment scenarios
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