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An advance in information and communication technology (ICT) is one of the most important forces in reshaping the world economy. So far, research on the role of ICT development in the financial globalization process is very limited. This dissertation is composed of three essays, which aim to fill part of this gap. The first essay explores transmission mechanism between Internet development and foreign direct investment (FDI) in developing economies. The second further investigates why developing economies cannot fully benefit from Internet development and provides policy recommendations. The third studies the relationship among financial integration, ICT and macroeconomic volatility in ten Asian economies. / The first essay examines three potential channels: inventory costs, market entry costs and payment of bribes, through which the Internet attracts FDI. It develops a model to explain the role of the Internet in determining inward FDI, and then empirically tests the hypotheses. The empirical findings show that the Internet development in developing economies attracts multinationals, since it reduces their costs of holding inventories and market entry costs. The Internet is found to reduce corruption, but evidence for their combined effects on FDI is mixed. In addition, this study performs Granger causality test and finds a causal relationship from the Internet to inward FDI stocks, rather than vice versa. / The second essay examines how the Internet---a communication network---which is characterized by the presence of positive and negative externalities affects the locational choice of FDI. A two-stage model is developed: at the first stage, multinational corporations do not cooperate and determine the degree of investment in Internet technologies, whereas, at the second stage, these firms engage in a Cournot quantity competition for a homogenous product. This model predicts that positive Internet externalities stimulate FDI while negative Internet externalities discourage FDI. These hypotheses are tested by the panel data estimation and the system general method of moments (GMM) estimator. The empirical findings provide strong evidence that the presence of negative Internet spillovers in developing countries discourages inward FDI, and the presence of positive Internet externalities in developed economies attracts more FDI. / The third essay looks at ten Asian economies committed to ICT development and financial integration, and presents evidence on whether or not they have experienced greater output fluctuations from 1980 to 2003. A two-country dynamic general equilibrium model is used and ICT is assumed to increase the volume and speed of capital flows. This study's model predicts that economies with a high ICT development or/and a high degree of financial integration exhibit greater output fluctuations in the face of monetary policy shocks, but lower output fluctuations in the face of fiscal policy shocks. The empirical findings estimated by using the panel vector autoregression approach support these predictions.

In a technology driven world, technology acquisition decisions as to when and which new technologies to acquire are becoming increasingly critical for firms to survive and grow. The issue of technology acquisition is addressed with three different focuses in the current dissertation. / In the first essay, we extend the results of some existing literature. Existing literature suggests that, in an oligopoly, identical firms acquire the same technology at two different dates under Nash or pre-commitment equilibrium, which assumes infinite information lag between two firms. The set of equilibrium dates turn out to be different under subgame perfect or pre-emption equilibrium that assumes zero information lag. We show that allowance for asymmetry between firms leads to the same equilibrium dates under Nash and subgame perfect equilibrium. / In the second essay, a two-period technology game is considered to study the effect of expectations regarding technological progress on a firm's technology adoption decision in a duopoly. It is shown that expectations of better future technology retard adoption of the currently available technology. Uncertain future progress is shown to have either no effect or negative effect on the adoption of the currently available technology when a Nash or open-loop equilibrium holds. However, under subgame perfection, uncertainty may actually encourage adoption of the current technology, contrary to what literature suggests. / In the third essay, a stochastic mathematical programming framework is used to build a decision model to solve for technology decisions facing rapid and uncertain technological progress. In our scenario-based approach, we allow uncertainties in both technological developments as well as in output product market demands. Furthermore, the acquisition costs of the technologies are assumed to be concave to reflect economies of scale in acquisition. An efficient procedure to solve the problem is proposed and implemented. Our numerical results show that the expectation of future technologies impacts the acquisition of the current technology in a negative way, and highlights the importance of incorporating expectations in a technology acquisition model.

This study explores how to integrate faculty-initiated Internet-facilitated international academic partnerships into their local university environments. Recently some faculty have begun initiating international partnership activities which carryout their university's research, teaching, and service missions. These partnerships (including courses, projects, or entire programs) are considered by their initiators to benefit both faculty and student development. Faculty see the Internet as enabling them to construct interactive and collaborative virtual forums where disperse student and faculty bodies can co-engage in exciting international research, teaching, and learning opportunities. This study aims to encourage the development of Internet-facilitated international academic partnerships so that more faculty in all disciplines are supported by their local institutions to better integrate their partnerships. Presently, partnerships are not well integrated. Impart this is because the Internet as a communication tool is relatively new phenomenon. However, it is also due to the tendency for faculty level partnerships to be overlooked by higher levels of university administration. As a result, the value of Internet partnerships has not yet been explored in relation to their local institutional missions. This study therefore consults faculty with experience partnering online in order to garner faculty insights pertaining to partnership integration. The results help to determine (1) core characteristics of these faculty-level partnerships (2) faculty motivations for initiating them (3) university environments implicated by integration and (4) identify faculty support and development opportunities appropriate to support integration.

This essay explores the benefits and limits of teaching and learning music in a changing technological environment, where both students and instructors are faced with the perpetual problem of keeping up with new methods of practicing music for the purpose of maintaining competence. The essay critically reflects on the argument that present societies overvalue technical instruments, at times giving consumers a false hope of achieving quick results in a brief period of time, and with the unintended consequence that playing techniques can be compromised. The idealizing of mechanical devices has become strongly associated today with sophisticated taste and class. Following Mumford and Postman, the essay argues that these technological tools should be seen as posing a challenge to instructional values and to human agency. This essay concludes that while we cannot help the fact that tradition is constantly being renewed, in part through technological change, the role of teaching that learning music needs to be focused on are historic values which incorporate experience and reciprocity.

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This thesis studies the impact of North American copyright on technological development. The first section proposes a broad vision of copyright including both Canadian and American legal concepts. It analyses different modern definitions of copyright, the origin of the concept and its underlying justifications. The second section presents the historical relations between copyright and technologies. It studies the history of the printing press, the photography, the player-piano, the motion picture, the radio, the cable TV, the photocopier, the videotape, the Digital Audio Tape and the MP3, and the legal challenge they represented. Those elements give us the opportunity to evaluate the influence of copyright on technological development.

The following is a qualitative study designed to collect and study elderly (>65) perceptions of in home lifestyle monitoring technology. Data were collected through three focus groups, organized and analyzed for results. The focus groups were run in a semi-structured manner with the co-moderators presenting questions from an original valid instrument. The study suggests that nearly all of the participants are comfortable with current technologies and around 50% of the sample group would be interested in using the new proposed technologies. The study also suggests that the participants have a high level of current wellness and are generally comfortable in their current residence. / Fisher Institute for Wellness and Gerontology

The fundamental question in design communication is how closely the architect's intention matches what the viewer perceives in the proposed design representation. The goal of this thesis is to find more efficient means to facilitate understanding of design ideas, especially between the architect and the client or other lay-people.In the following sections this will be accomplished by investigating the history of various communication modes and evaluating their significance. The development of communication technology throughout recent centuries has contributed to changes in the architectural process. After assessing the current situation of applying communication technology in the architectural process, the thesis concludes with a scenario. The scenario will describe a futuristic architectural process, which eliminates misunderstanding in design presentations by using the next level of communication technology - immersive computer generated spaces. / Department of Architecture

This D.Phil, thesis undertakes a theoretical analysis of the microeconomic incentives for scientific and technical knowledge-creating activities at the firm-level, the channels by which these activities impinge on industrial change and economic growth, and the effectiveness of governmental policies formulated to influence these systemic linkages. The motivation for this work is explained in Chapter 2, which reviews the state of the art in new growth theory and puts forward a typology of privately sponsored RandD activities and knowledge resources defining the premises on which the thesis rests. Chapters 3 and 4 investigate the RandD allocation and output decisions of a profitmaximising monopolist investing in exploratory- and applications-oriented research, dealing separately with product and process innovations. The characteristic properties of the optimal time paths are ascertained by means of formal and numerical optimal control methods, including comparative dynamics. The complementarity between the two modes of research is shown to generate increasing returns, but these turn out to be short-lived. The model is extended in Chapter 5 to study the development of multiple product lines. Knowledge spillovers and demand-side externalities across successive product lines can provide the basis for continued spending on RandD, allowing sustained output growth and profitability. Chapters 6 to 8 turn to the challenges of modelling the irreducible elements of uncertainty in the innovation process and their bearing upon the dynamics of market competition and industry structure. In the sequential game theoretic model introduced, firms can invest in fundamentally uncertain "innovative-RandD," or wait until the uncertainty surrounding original innovation is dispelled and invest in certain but costly "imitative-RandD." These decisions are taken in a vertically and horizontally differentiated market where noninnovating firms can compete with a "traditional" product. The industry-wide scale of RandD investments and the related evolution in market structure are determined endogenously. To do so, a symmetric equilibrium concept is defined and its uniqueness established. The model can support Schumpeterian industry evolutions, in which surges of innovative entry are followed by waves of imitation, and ensuing "creative destruction" in which traditional producers are driven out of the industry and innovators' rents are eventually eroded. Numerical simulations are employed in Chapter 7 to provide further insights into the evolution of product development, market structure, pricing, firm growth, profitability, and consumer welfare. The final chapter considers the implications of this game theoretic approach for competition and innovation policies.