|By PR Newswire||
|December 26, 2012 10:30 PM EST||
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.
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
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Dec. 2, 2015 02:00 AM EST Reads: 450
The revocation of Safe Harbor has radically affected data sovereignty strategy in the cloud. In his session at 17th Cloud Expo, Jeff Miller, Product Management at Cavirin Systems, discussed how to assess these changes across your own cloud strategy, and how you can mitigate risks previously covered under the agreement.
Dec. 2, 2015 12:00 AM EST Reads: 146
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Dec. 1, 2015 11:00 PM EST Reads: 309
SYS-CON Events announced today that Catchpoint, a global leader in monitoring, and testing the performance of online applications, has been named "Silver Sponsor" of DevOps Summit New York, which will take place on June 7-9, 2016 at the Javits Center in New York City. Catchpoint radically transforms the way businesses manage, monitor, and test the performance of online applications. Truly understand and improve user experience with clear visibility into complex, distributed online systems.Founde...
Dec. 1, 2015 10:15 PM EST Reads: 145
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
Dec. 1, 2015 10:00 PM EST Reads: 479
"eFolder does a lot of different things but we protect data and we are focused on protecting data no matter where it resides," explained Carlo Tapia, Product Marketing Manager at eFolder, in this SYS-CON.tv interview at Cloud Expo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 1, 2015 04:00 PM EST
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Dec. 1, 2015 04:00 PM EST Reads: 508
Cloud computing is unquestionably one of the driving forces of DevOps, as the automation of operations transforms enterprise software development. DevOps, however, is more than a technology trend, as it represents a move toward silo-busting, self-organizing horizontal teams that drive business velocity. At the same time, enterprise Digital Transformation represents an upheaval across the enterprise, as customer preferences and behavior drive enterprise technology decisions. This transformation ...
Dec. 1, 2015 03:45 PM EST
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Dec. 1, 2015 03:00 PM EST Reads: 391
Most of the IoT Gateway scenarios involve collecting data from machines/processing and pushing data upstream to cloud for further analytics. The gateway hardware varies from Raspberry Pi to Industrial PCs. The document states the process of allowing deploying polyglot data pipelining software with the clear notion of supporting immutability. In his session at @ThingsExpo, Shashank Jain, a development architect for SAP Labs, discussed the objective, which is to automate the IoT deployment proces...
Dec. 1, 2015 03:00 PM EST Reads: 156
In demand-intensive mobile and web applications, an emerging pattern is to host the Systems of Engagement in the cloud (for maximum responsiveness) but keep the Systems of Record with the other important business systems in the company datacenter, often on a tightly secured mainframe. But what about the space in between? In this IBM Redpaper publication, we show that the IBM Bluemix cloud platform offers technologies that make it easy for cloud-based SoEs to securely connect to on-premises IBM...
Dec. 1, 2015 02:45 PM EST
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
Dec. 1, 2015 02:45 PM EST Reads: 451
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Dec. 1, 2015 02:15 PM EST Reads: 456
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Dec. 1, 2015 02:00 PM EST Reads: 555
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Dec. 1, 2015 01:45 PM EST Reads: 360