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Data localization laws: trade barriers or legitimate responses to cybersecurity risks, or both?

John Selby

International Journal of Law and Information Technology, Volume 25, Issue 3, 1 September 2017

Laws requiring data to be hosted within a particular jurisdiction tend to upset existing ideas about how the Internet should work. Some countries, particularly the USA, have labelled such laws as trade barriers. Other countries, such as Russia and China, have claimed they are pursuing legitimate strategies to protect their citizenry. With a particular focus upon the BRICs, this article aims to make an original contribution to this discourse by synthesizing insights from the disciplines of international trade law and internet governance to analyse and separate the rhetoric from the reality of these competing claims. Drawing upon evidence from information leaked by Edward Snowden about the activities of the US National Security Agency, the article argues that underlying these tensions is the battle to retain or reduce the comparative advantage the US has historically enjoyed in economies of scale for its Internet signals intelligence capabilities. Underneath the debate over trade issues, this article argues that data localization laws are being supported by some countries not only as a means to reduce their comparative disadvantage in Internet data hosting, but also to reduce their comparative disadvantage in Internet signals intelligence.

URL: https://academic.oup.com/ijlit/issue/25/3

Courtesy: OUP

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Aiding Strangers: Generalized Trust and the Moral Basis of Public Support for Foreign Development Aid

A. Burcu Bayram

Foreign Policy Analysis, Volume 13, Issue 1,  2017

Why do publics in donor countries support development foreign aid? Focusing on material factors, ideology, and identities, the literature has largely neglected the moral basis of foreign aid attitudes. I argue that generalized trust, defined as the belief in the integrity and trustworthiness of people, is a crucial component of the moral calculus of publics in donor countries. Using data from independently conducted surveys of global (World Values Survey) and American mass publics (Core Values Project Survey), I show that generalized trusters are more likely to aid the have-nots of the world than those who lack trust in people. This finding indicates that the bonds of trust expand the boundaries of global justice. By illuminating the role generalized trust plays in shaping donor public attitudes towards development foreign aid, this study helps improve the political economy, ideology, and identity models of aid, contributing to the literatures on foreign aid and foreign policy attitudes, and to theories of cosmopolitan global justice.

URL: https://academic.oup.com/fpa/issue/13/1

Courtesy: OUP

Oxford Bulletin of Economics and Statistics, Volume 79, Issue No. 5, 2017

Ranking Economics Journals Using Data From a National Research Evaluation Exercise (pages 621–636)Arne Risa Hole

Meta-Regression Models and Observational Research (pages 637–653)Stephan B. Bruns

Do Smaller Classes Always Improve Students’ Long-run Outcomes? (pages 654–688)Torberg Falch, Astrid Marie Jorde Sandsør and Bjarne Strøm

The Sorting of Female Careers after First Birth: A Competing Risks Analysis of Maternity Leave Duration (pages 689–716)Melanie Arntz, Stephan Dlugosz and Ralf A. Wilke

Life-Cycle Consumption and Children: Evidence from a Structural Estimation(pages 717–746)Thomas H. Jørgensen

Land Market Restrictions, Women’s Labour Force Participation and Wages in a Rural Economy (pages 747–768)M. Shahe Emran and Forhad Shilpi

Heterogeneity in Labour Supply Responses: Evidence from a Major Tax Reform(pages 769–796)

Mauro Mastrogiacomo, Nicole M. Bosch, Miriam D. A. C. Gielen and Egbert L. W. Jongen

Return Migration, Self-selection and Entrepreneurship (pages 797–821)Catia Batista, Tara McIndoe-Calder and Pedro C. Vicente

Testing for Flexible Nonlinear Trends with an Integrated or Stationary Noise Component (pages 822–850)Pierre Perron, Mototsugu Shintani and Tomoyoshi Yabu

A Simple Approach for Diagnosing Instabilities in Predictive Regressions (pages 851–874)Jean-Yves Pitarakis

Direct Estimation of Equivalence Scales and More Evidence on Independence of Base (pages 875–905)

Martin Biewen and Andos Juhasz

URLhttp://onlinelibrary.wiley.com/doi/10.1111/obes.2017.79.issue-5/issuetoc

Courtesy: Wiley Online Library

The Journal of Finance, Volume 72, Issue 4, 2017

ARTICLES

Presidential Address: The Scientific Outlook in Financial Economics (pages 1399–1440)CAMPBELL R. HARVEY

Retail Financial Advice: Does One Size Fit All? (pages 1441–1482)STEPHEN FOERSTER, JUHANI T. LINNAINMAA, BRIAN T. MELZER and ALESSANDRO PREVITERO

Do Funds Make More When They Trade More? (pages 1483–1528)ĽUBOŠ PÁSTOR, ROBERT F. STAMBAUGH and LUCIAN A. TAYLOR

Term Structure of Consumption Risk Premia in the Cross Section of Currency Returns (pages 1529–1566)IRINA ZVIADADZE

Trader Leverage and Liquidity (pages 1567–1610)BIGE KAHRAMAN and HEATHER E. TOOKES

Volatility-Managed Portfolios (pages 1611–1644)ALAN MOREIRA and TYLER MUIR

Advance Refundings of Municipal Bonds (pages 1645–1682)ANDREW ANG, RICHARD C. GREEN, FRANCIS A. LONGSTAFF and YUHANG XING

Municipal Bond Liquidity and Default Risk (pages 1683–1722)MICHAEL SCHWERT

Selling Failed Banks (pages 1723–1784)JOÃO GRANJA, GREGOR MATVOS and AMIT SERU

Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (pages 1785–1824)KARL V. LINS, HENRI SERVAES and ANE TAMAYO

Capital Account Liberalization and Aggregate Productivity: The Role of Firm Capital Allocation (pages 1825–1858)MAURICIO LARRAIN and SEBASTIAN STUMPNER

URL: http://onlinelibrary.wiley.com/doi/10.1111/jofi.2017.72.issue-4/issuetoc

Courtesy: Wiley Online Library

Migrating to Opportunity : Overcoming Barriers to Labor Mobility in Southeast Asia

Mauro Testaverde; Harry Moroz; Claire H Hollweg; Achim Schmillen.

World Bank 2017.

The movement of people in Southeast Asia is an issue of increasing importance. Countries of the Association of Southeast Asian Nations (ASEAN) are now the origin of 8 percent of the world’s migrants. These countries host only 4 percent of the world’s migrants but intra-regional migration has turned Malaysia, Singapore, and Thailand into regional migration hubs that are home to 6.5 million ASEAN migrants. However, significant international and domestic labor mobility costs limit the ability of workers to change firms, sectors, and geographies in ASEAN.

This report takes an innovative approach to estimate the costs for workers to migrate internationally. Singapore and Malaysia have the lowest international labor mobility costs in ASEAN while workers migrating to Myanmar and Vietnam have the highest costs. Singapore and Malaysia’s more developed migration systems are a key reason for their lower labor mobility costs.

How easily workers can move to take advantage of new opportunities is important in determining how they fare under the increased economic integration planned for ASEAN. To study this question, the report simulates how worker welfare is affected by enhanced trade integration under different scenarios of labor mobility costs. Region-wide, worker welfare would be 14 percent higher if barriers to mobility were reduced for skilled workers, and an additional 29 percent if barriers to mobility were lowered for all workers.

Weaknesses in migration systems increase international labor mobility costs, but policy reforms can help. Destination countries should work toward systems that are responsive to economic needs and consistent with domestic policies. Sending countries should balance protections for migrant workers with the needs of economic development.

url – https://openknowledge.worldbank.org/bitstream/handle/10986/28342/9781464811067.pdf
courtesy – The World Bank

The Innovation Paradox : Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up

The World Bank, 2017
Abstract: Economists have long argued that developing countries have the potential for high productivity growth if they adopt existing technologies and apply them to the local context. This report brings to bear a battery of new data sources to explore the innovation “paradox”: despite the potential for very high returns, developing countries invest far less in adopting and inventing new processes and products than advanced countries. The report posits three broad factors underlying this paradox. The first is that firms in developing countries lack the managerial and technological capabilities to undertake meaningful innovation projects. This implies that conventional innovation policies are unlikely to be effective, and moving firms up the “capabilities escalator” becomes central. A second factor is that firm capability is only one of many critical ingredients – for instance, access to financial markets, macroeconomic stability, and imported machinery – that are complements to the innovation process, and whose absence lowers the return to innovation in developing countries. This implies that cultivating an effective innovation system will be a greater policy challenge, and that standard measures of innovation performance, such as research and development or GDP, are misleading. Finally, government capabilities required to redress these two points are also correspondingly weaker in developing countries, so building these capabilities needs to be explicitly integrated in formulating innovation policy.
Courtesy : World Bank Group

The science in the p-value: need for a rethinking

Mala Ramanathan. The science in the p-value: need for a rethinking. Indian Journal of Medical Ethics, [S.l.], v. 2, n. 4 (NS), p. 223, Oct. 2017

Teaching in a school of public health, I often listen to presentations from master’s degree students who undertake analysis of primary data collected to answer a question of public health relevance. Inexorably, the presentation will lead to an analysis slide which depicts the results of a multivariate modeling exercise (where the associations between more than one identified factor and the outcome of interest are analysed). Strategic rows which indicate a significant p-value will be highlighted or marked with an asterisk (*), and the student will conclude with a statement indicating which of the identified factors had “statistically significant p-values”.

read more here … http://ijme.in/wp-content/uploads/2017/10/254ed223_the_science_in_the_p_value.pdf
courtesy – IJME

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