News Feed Item

Workshop on Governance and Political Economy Held at the MYRA School of Business

MYSORE, India, December 27, 2012 /PRNewswire/ --

The MYRA School of Business hosted the "Workshop on Governance and Political Economy" in Mysore on December 17th and 18th. The Workshop was held in association with the Department of Economics at University of Warwick and the Association for Public Economic Theory, and was organized by Prof. Amrita Dhillon, University of Warwick and Prof. Shalini Urs, MYRA School of Business.

     (Logo: http://photos.prnewswire.com/prnh/20121120/577568)


In line with MYRA's vision to further socially-relevant management research, this inter-disciplinary workshop brought together 28 renowned economists, political scientists, and policymakers from 10 different countries to address pressing issues related to political accountability, effective governance, and corruption.

Prof. Pranab Bardhan, Professor of Economics at the University of California, Berkeley, and one of the world's most influential scholars on developmental economics and political economy, was the plenary speaker. In his talk, "Corruption in India - When Preaching Piety is Not Enough," he gave a well-reasoned and nuanced critique of efforts to reduce corruption in India.

Although corruption is a much-discussed issue in today's world, Bardhan was sceptical of the good that overemphasizing corruption can do. He stated, "Overzealousness in setting up an ombudsman such as Jan Lok Pal, can stifle honest and dynamic leadership by public-sector officials. An atmosphere of suspected pervasive corruption causes people to function hesitantly and ineffectively. It leads to policy paralysis and a culture of cynicism." He also added, "a super-bureaucracy to punish corrupt officials always raises questions like 'who monitor's the monitor' and 'do we have to bribe at yet another place now?'"

His eye-opening critique were subsequently followed by 17 talks which were given by eminent scholars from ten different countries (UK, USA, Italy, Germany, Spain, Canada, France, Austria, Australia, and India) and institutions such as UC Berkeley, Paris School of Economics, Joint Vienna Institute, Max Planck Institute of Economics, ENSAE ParisTech, Vanderbilt University, University of Padua, Queens University, University of Arkansas, Indian Statistical Institute, Columbia University, University of Warwick, Delhi School of Economics, University of Oregon, University of Exeter, Goethe University Frankfurt, University of Exeter, and New York University.

By bringing together scholars of various disciplines from the world's leading institutions, critical issues of political governance were examined from various angles and diverse perspectives. Both theoretical and empirical approaches were reviewed in six sessions: "Deterrence Incentives, Caste Politics, Networks, and Corruption", "Culture of Corruption and Self-selection", "Institutions, the State, and Political Accountability", "Voting and Corruption", "Dynamics", and "Empiricism."

Session One: Deterrence Incentives, Caste Politics, Networks, and Corruption

Starting off session one, Ajit Mishra, University of Bath, UK presented his paper, "Controlling Collusion and Extortion: The Twin Faces of Corruption" which was co-authored with Dilip Mookherjee, Boston University, USA. He defined Collusion as under-reporting offences in exchange for bribes, and extortion as extracting bribes under threat of over-reporting.  "In order to tackle corruption, one needs to unbundle corruption and look at various 'types' or 'forms' while designing corruption control," said Mishra.

This was followed by "Caste Politics, Corruption, and Distribution in India: The Effect of Voter Preference on Policy Outcomes in Uttar Pradesh" by Rohini Somanathan, Delhi School Of Economics, India. She looked at the implications of ethnic politics by studying a wealth of electoral data. According to her research, corruption is relatively insensitive to caste biases but distribution policies vary more substantially.

Raja Kali, University of Arkansas, USA, presented a paper on "Political Connections, Entrepreneurship, and Social Network Investment" which was co-authored by Nisvan Erkal, University of Melbourne, Australia. This paper explored issues related to entrepreneurs in developing countries and how economic liberalization and political modernization impact social network ties.

Session Two: Cultures of Corruption and Self Selection

It started off with "Status Incentives and Corruption," a paper by Antonio Nicolo, University of Padua, Italy, and Amrita Dhillon, University of Warwick, UK. While most anti-corruption incentives deal with wages, their paper focused on "status" ­- arguing that individuals are motivated by prestige or status of a profession. Nicolo and Dhillon argued that non-monetary incentives which increase the prestige of a profession are powerful ways to overcome both bribe taking and selection. They supported their arguments with mathematical models and literature reviews.

This was followed by a talk by Gautam Bose, University of New South Wales, Australia who spoke about "Moral Cost, Perception, and Corruption" and discussed the interplay between the three constructs. The paper was co-authored by Patrick Schneider, University of New South Wales, Australia.

Session Three: Institutions, the State and the Political Accountability

The session began with a talk titled "On the Simultaneous Emergence of Money and the State" by Gael Giraud, Paris School of Economics, France, and Myrna Wooders, Vanderbilt University, USA. By providing an explanation of trading mechanisms, transaction costs, and evaluation of goods and taxes - Wooders and Giraud showed that in the long-run, citizens have an incentive to pay taxes and select a benevolent politician in order to guarantee a minimal production of public good (as A kind of social security). Being a citizen, a politician in power also has an incentive in the long‐run to be benevolent. Thus - historically, the emergence of fiat money and organized states went hand in hand.

David Hugh-Jones, Max Planck Institute of Economics, Germany presented "Coercive Capacity and Anonymity". "Understanding the link between public goods games and expropriation games can help show how societies succeed or fail in creating social order and why ethnic heterogeneity, inequality, and exit options matter," said Hugh-Jones.

To conclude the session, Sumon Majumdar, Queens University, Canada, presented his paper, "Institution Building and Political Accountability," which he co-authored with Sharun Mukand, University of Warwick, UK. Majumdar's theoretical models yielded some insights into how developmental policy or coercive instruments could be effective in helping to build democracies. In some countries, the mere holding of democratic elections serves to improve governance. But in others, democracy does not alter the fundamental institutional structure. Developmental policy can sometimes help political elites to modernize, but in other cases, it may even endanger the functioning of previously good institutions. Majumdar's work sets the stage for a wealth of future research.

The evening ended with a performance by the Raja Vadya Goshti, an elite musical ensemble which first came together during the reign of Nalwadi Krishna Raja Wadiyar IV, the Maharaja of Mysore from 1902 till 1940.

Session Four: Voting and Corruption

The talks for Tuesday, December 18th, started off with Rebecca Morton, New York University, USA presenting her paper titled, "Corruption in Committees: Distrust of Experts and Information Aggregation through Voting," which was co-authored with Jean-Robert Tyran, University of Vienna, Austria and Marco Piovesan, University of Copenhagen. She discussed how corruption occurs in election situations when a member is "bought" or "bribed" to vote in a particular way - independent of the common good. Her experimental research involved a set of experiments to investigate whether subjects have a behavioral tendency to distrust experts when they are potentially corrupt.

The session continued with a talk titled "Learning from Exit-Polls in Sequential Elections" given by Manasa Patnam, CREST (ENSAE ParisTech), France. She empirically explored the questions, "to what extent do exit polls influence voting behavior? And how?" By analyzing data sets from the Indian 2004 General Election, she found that voters who poll in later phases did indeed react to previous exit poll results.

Session Five: Dynamics

Mihail Drugov, Universidad Carlos III de Madrid, Spain gave the first talk titled "Optimal Patronage". He discussed how people care about their 'group' (ethnicity, caste, place) and 'values' (social, political, religious) - and stated that corrupt bureaucrats prefer to deal with other corrupt ones and honest bureaucrats prefer to deal with other honest ones. His paper looked at how this dynamic plays out when such people are brought into an organization and compete for power.

The next presentation in the session was "Dynamic Commercial Lobbying" by Thomas Groll, Columbia University, USA and Christopher Ellis, University of Oregon, USA. They explored the questions "what explains the observed repeated personal interactions between lobbyists and policymakers" and "What are the welfare implications of these interactions?". Their study was the first study which explained repeated personal lobbying interactions and found that policymakers use repeated interactions as implicit contracts and for reference.

"Corruption and Seigniorage" by Gareth Myles, University of Exeter, UK and Hana Yousefi, University of Exeter, UK followed this talk. There is compelling empirical evidence that corruption is linked to inflation. It is clear why corruption can reduce efficiency and increase costs. But this cannot explain persistent differences in inflation rates. This paper analyzed the link between corruption and inflation. It demonstrated that there could be a theoretical explanation of the empirical correlation between inflation and corruption.

This was followed by "Culture of Corruption, Tax Evasion, and Fiscal Policy" by Maksym Ivanyna, Joint Vienna Institute, Austria. The paper was written in collaboration with Alex Mourmouras and Peter Rangazas. His research set out to quantify the joint effects of corruption and evasion on fiscal policy (level of taxation) and growth and use comparative statics regarding efficiency wages and the crackdown on corruption vs. evasion. Using complex theoretical mathematical models, he showed how corruption and tax evasion interact within a fiscal policy setting.

Session Six: Empirics

Farzana Afridi, Indian Statistical Institute, India started off the final session with her talk "Does Female Leadership Impact Governance and Corruption? Evidence from a Poverty Alleviation Programme in Andhra Pradesh, India." The motivation for her study was that poor governance and corruption are often reasons for  disappointing performance of public programmes in developing countries. By examining the dynamics of female leadership, she set out to understand how it affects implementation of large public programmes, how it changes governance over time, and what individual characteristics are important for female political heads to have.

The next talk was by Rajeev Goel, Illinois State University, USA who spoke on "Whistleblower Laws and Exposed Corruption - Evidence from American States". Whistleblower (WB) laws are designed to protect and encourage voluntary policing of misconduct in public institutions by safeguarding and rewarding individuals who expose wrongdoings. Using recent data on observed corruption, his research uniquely examined awareness about whistleblower laws on the level of observed corrupt activity. 

The final session (and the Workshop as a whole) ended with a presentation by Vilen Lipatov, Goethe University  Frankfurt, Germany. His paper titled "A Journey from a Corruption Port to a Tax Haven" was co-authored with Shafik Hebous. Most studies today focus on strategies for seeking shelter from tax authorities or the choice of a country to become a tax haven. Lipatov presented a theoretical model to examine the connection between the operations of firms in corrupt countries (possibly with low- and middle-income economies) and the firms demand for tax havens' services.

About MYRA School of Business

The MYRA School of Business is a management institution in Mysore offering a 2-year PGDM and 1-year PGPX program. Through a rigorous research-based curriculum, a distinguished faculty line-up, and an architecturally-acclaimed campus, MYRA aims to deliver an education that is unparalleled in Asia. Padma Bhushan Deepak Parekh, Chairman of HDFC, described MYRA as "a world-class platform to develop the future business leaders of India." MYRA will welcome its Founding Class in July 2013. To know more, visit www.myra.ac.in.

Follow us on Facebook at: www.facebook.com/myrabusinessschool

See photos from the Workshop at: www.myra.ac.in/governance-and-the-political-economy

Primary Media Contact: Ashwin Rao, [email protected], 91-900-8523333

Secondary Media Contact: Deepa Jaganath, [email protected], 91-953-5423333

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Amazon has gradually rolled out parts of its IoT offerings, but these are just the tip of the iceberg. In addition to optimizing their backend AWS offerings, Amazon is laying the ground work to be a major force in IoT - especially in the connected home and office. In his session at @ThingsExpo, Chris Kocher, founder and managing director of Grey Heron, explained how Amazon is extending its reach to become a major force in IoT by building on its dominant cloud IoT platform, its Dash Button strat...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will w...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.