Olga Murova and Aman Khan
The purpose of this paper is to use stochastic frontier analysis (SFA) to estimate the efficiency of public investments and their impact on economic growth in the USA using panel…
Abstract
Purpose
The purpose of this paper is to use stochastic frontier analysis (SFA) to estimate the efficiency of public investments and their impact on economic growth in the USA using panel data. Results of the study show highly significant and positive relationships between gross state product (GSP) and expenditures on education, transportation, health, welfare, and public safety (police and fire), and negative but significant relationships between output and employment in health care and public safety services. Inefficiencies in the study are measured using per capita tax revenue and time. Tax revenue has a very minimal positive and significant effect on efficiency, while time inversely relates to efficiency.
Design/methodology/approach
The present study uses SFA to investigate the efficiency of government expenditures in five service sectors – education, transportation, health, welfare, and public safety (police and fire), using recent data and economic trends. The study hypothesizes that changes in the current levels of expenditures in the public sector have a significant impact on the aggregate economy, as measured by GSP. The study uses GSP as the dependent (output) variable, and government expenditure on the five service sectors as the independent (input) variables.
Findings
Analysis of efficiency for individual states for all 21 years produced interesting results. Overall, the technical efficiency of the public sector was quite high. The average TE score across all years and all states was 0.878. This suggests that public sector operates at a relatively high efficiency level.
Originality/value
The current SFA model followed Battese and Coelli approach of estimating efficiency of public sectors in each state of the USA. It allowed estimation of policy impact on the overall efficiency. It was applied to macroeconomic panel data.
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Bond rating studies have received and continue to receive considerable attention in the literature on government finance. This study focuses on two major issues of municipal bond…
Abstract
Bond rating studies have received and continue to receive considerable attention in the literature on government finance. This study focuses on two major issues of municipal bond ratings that occupy the center-stage of these discussions: What charac-teristics does a rating institution analyze when assigning rating to a government? How significant are these characteristics in predicting the ratings given by these institutions? Using a combination of economic, financial, and demographic factors, the study reexamines these questions on a select group of cities.
Ali Raza, Umair Khan, Aurang Zaib, Anuar Ishak and Syed Modassir Hussain
This article identifies hybrid nanofluids and industrial thermal engineering devices as significant sources of solar energy. In this study, various nanoparticles suspended in base…
Abstract
Purpose
This article identifies hybrid nanofluids and industrial thermal engineering devices as significant sources of solar energy. In this study, various nanoparticles suspended in base fluids such as water (
Design/methodology/approach
We have utilized the fractal fractional operator definition, the quickest and most advanced fractional approach, to address the problems with the hybrid nanofluid suspension. The integral transform scheme, i.e. the Laplace transform, converts the governing equations into a fractional form before various numerical methods are applied to solve the problem. Further, some numerical schemes to address the Laplace inverse are also utilized.
Findings
The fractional effects on flow rate and heat transfer are evident at varying time intervals. Consequently, we conclude that as the fractal constraints increase, the momentum and heat profiles decelerate. Furthermore, all necessary conditions are satisfied, resulting in the momentum and temperature fields decreasing near the plate and increasing over time. Additionally, the water-based (
Practical implications
The findings could be very useful in enhancing the efficiency of thermal systems. These findings align more accurately with conventional solutions and can be used to build and optimize various heat management strategies.
Originality/value
The primary goals of this research are to examine the thermal and flow properties of hybrid nanofluids for manufacturing purposes of thermal engineering equipment utilizing fractal fractional definition. Further, to improve thermal system productivity by applying sophisticated fractional techniques to better and maximize heat and momentum transmission in these hybrid nanofluid solutions
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Umar Khan, Adnan Abbasi, Naveed Ahmed and Syed Tauseef Mohyud-Din
This paper aims to explore the flow of nanofluid over bi-directional stretching sheet in the presence of magnetic field and linear thermal radiation.
Abstract
Purpose
This paper aims to explore the flow of nanofluid over bi-directional stretching sheet in the presence of magnetic field and linear thermal radiation.
Design/methodology/approach
In this study, water is taken as a base fluid, and copper is diluted in the base fluid. Further, four different shapes of nanoparticles are considered for the analysis. The governing nonlinear partial differential equations are transformed into the system of ordinary differential equations after using the feasible similarity transformations. Solution of the model is then performed by means of Runge–Kutta scheme.
Findings
Influence of the emerging dimensionless parameters on velocity, temperature, skin friction coefficient and local rate of heat transfer are studied with the help of graphs.
Originality/value
The study is presented in this paper is original and has not been submitted to any other journal for the publication purpose. The contents are original, and proper references have been provided wherever applicable.
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Waqas Mehmood, Arshian Sharif and Attia Aman-Ullah
The purpose of the present study is to test the effect of financial development and environmental degradation on the control of corruption.
Abstract
Purpose
The purpose of the present study is to test the effect of financial development and environmental degradation on the control of corruption.
Design/methodology/approach
This study used a dynamic approach known as system GMM to analyze annual data from 90 developed and developing countries over 24 years, from 1996 to 2020.
Findings
The present study shows a significantly negative relationship between financial development and control of corruption and a significantly positive relationship between environmental degradation and control of corruption. The result suggests that improvement in financial development may reduce control of corruption; however, reduction in environmental degradation may reduce control of corruption. The results are consistent across both developed and developing countries.
Practical implications
The study’s findings have significant implications for financial institutions, governmental policy departments and environmental regulatory agencies. The policy outcomes are closely linked to the economic prosperity of countries. In general, developing countries can implement strategies to promote financial development and environmental regulations, even though they may temporarily tolerate corrupt activities. Conversely, developed nations may have differing implications from developing countries.
Originality/value
This study is different from the past literature as none of the studies have been conducted previously focusing on developed and developing countries’ financial development, environmental degradation and control of corruption.
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S. Bilal, Muhammad Sohail and Rahila Naz
The purpose of this paper is to highlight the studies of momentum and transmission of heat on mixed convection boundary layer Darcy‒Forchheimer flow of Casson liquid over a linear…
Abstract
Purpose
The purpose of this paper is to highlight the studies of momentum and transmission of heat on mixed convection boundary layer Darcy‒Forchheimer flow of Casson liquid over a linear extending surface in a porous medium. The belongings of homogeneous‒heterogeneous retorts are also affianced. The mechanism of heat transmission is braced out in the form of Cattaneo‒Christov heat flux. Appropriate restorations are smeared to revolutionize coupled nonlinear partial differential equations conforming to momentum, energy and concentration of homogeneous‒heterogeneous reaction equations into coupled nonlinear ordinary differential equations (ODEs).
Design/methodology/approach
Numerical elucidations of the transmogrified ODEs are accomplished via a dexterous and trustworthy scheme, namely optimal homotopy analysis method. The convergence of planned scheme is exposed with the support of error table.
Findings
The exploration of mixed convection Darcy‒Forchheimer MHD boundary layer flow of incompressible Casson fluid by the linear stretched surface with Cattaneo‒Christov heat flux model and homogeneous‒heterogeneous reactions is checked in this research. Imitations of the core subsidized flow parameters on velocity, temperature and concentration of homogeneous‒heterogeneous reactions solutions are conscripted. From the recent deliberation, remarkable annotations are as follows: non-dimensional velocities in xa− and xb− directions shrink, whereas the non-dimensional temperature upsurges when the Casson fluid parameter ameliorates. Similar impact of Casson fluid parameter, magnetic parameter, mixed convection parameter, inertia parameter, and porosity parameter is observed for both the components of velocity field. An escalation in magnetic parameter shows the opposite attitude of temperature field as compared with velocity profile. Similar bearing of Casson fluid parameter is observed for both temperature and velocity fields. Enhancement in concentration rate is observed for growing values of (Ns) and (Sc), and it reduces for (k1). Both temperature and concentration of homogeneous‒heterogeneous upturn by mounting the magnetic parameter. Demeanor of magnetic parameter, Casson fluid parameter, heat generation parameter is opposite to that of Prandtl number and thermal relaxation parameter on temperature profile.
Practical implications
In many industrial and engineering applications, the current exploration is utilized for the transport of heat and mass in any system.
Originality/value
As far as novelty of this work is concerned this is an innovative study and such analysis has not been considered so far.
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A.Z. Zaher, Khalid K. Ali and Kh. S. Mekheimer
The study of the electro-osmotic forces (EOF) in the flow of the boundary layer has been a topic of interest in biomedical engineering and other engineering fields. The purpose of…
Abstract
Purpose
The study of the electro-osmotic forces (EOF) in the flow of the boundary layer has been a topic of interest in biomedical engineering and other engineering fields. The purpose of this paper is to develop an innovative mathematical model for electro-osmotic boundary layer flow. This type of fluid flow requires sophisticated mathematical models and numerical simulations.
Design/methodology/approach
The effect of EOF on the boundary layer Williamson fluid model containing a gyrotactic microorganism through a non-Darcian flow (Forchheimer model) is investigated. The problem is formulated mathematically by a system of non-linear partial differential equations (PDEs). By using suitable transformations, the PDEs system is transformed into a system of non-linear ordinary differential equations subjected to the appropriate boundary conditions. Those equations are solved numerically using the finite difference method.
Findings
The boundary layer velocity is lower in the case of non-Newtonian fluid when it is compared with that for a Newtonian fluid. The electro-osmotic parameter makes an increase in the velocity of the boundary layer. The boundary layer velocity is lower in the case of non-Darcian fluid when it is compared with Darcian fluid and as the Forchheimer parameter increases the behavior of the velocity becomes more closely. Entropy generation decays speedily far away from the wall and an opposite effect occurs on the Bejan number behavior.
Originality/value
The present outcomes are enriched to give valuable information for the research scientists in the field of biomedical engineering and other engineering fields. Also, the proposed outcomes are hopefully beneficial for the experimental investigation of the electroosmotic forces on flows with non-Newtonian models and containing a gyrotactic microorganism.
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Sawan Kumar Rawat, Ashish Mishra and Manoj Kumar
The purpose of this paper is to explore the flow of Cu-water and Ag-water nanofluids past a vertical Riga plate. The plate is infinite in height and has zero normal wall flux…
Abstract
Purpose
The purpose of this paper is to explore the flow of Cu-water and Ag-water nanofluids past a vertical Riga plate. The plate is infinite in height and has zero normal wall flux through its surface. Influence of thermal radiation, slip, suction and chemical reaction on the flow characteristics are reported.
Design/methodology/approach
Non-dimensional forms of the flow governing equations are obtained by means of a set of similarity transformations. Numerical solution is obtained with the help of fourth-fifth-order Runge–Kutta–Fehlberg method with shooting procedure. Comparison of solution profiles of Cu-water and Ag-water nanofluids are presented graphically and with the help of tables. Influence of pertinent parameters on skin friction and heat transfer rate is also reported.
Findings
Results reveal that the skin friction coefficient is more prominent in the case of Ag-water nanofluid for an increase in thermal radiation and volume fraction. The role of suction and slip is to increase velocity but decrease the temperature in both nanofluids. Temperature and velocity of both nanofluids increase as volume fraction and thermal radiation values are augmented. Heat transport increases with thermal radiation. Region near the plate experiences rise in nanoparticle concentration with an increase in chemical reaction parameter.
Originality/value
A complete investigation of the modeled problem is addressed and the results of this paper are original.