No abstract

No abstract

No abstract

Using a panel data set of 189 countries by employing dynamic models OLS, fixed effect, random effect and generalized method of moments (GMM) estimators. The study revisits the relationship between institutional quality and financial development in developing and emerging countries. This study is ever the first comprehensive and wide-ranging that categorizes the countries into developing and emerging countries using multiple dynamic approaches. Experimental findings of the study are based on GMM, which indicates that better institutions are important for financial development, specifically political stability, control of corruption and regulatory quality positively affect financial development in the global panel of the study. Rule of law negatively affects financial development, which reveals that in most of the global countries, the rule of law is very feeble. Control of corruption index is positively effecting financial development in emerging and global panel which indicates that most of the countries have reduced corruption to low level. The current study also found that emerging countries have reduced corruption, but other institutional indicators are found to be insignificant. The overall result concludes that good quality institutions are the main drivers of financial development and it stimulates financial development. The present study suggests that developing and emerging countries should focus to improve the institutional quality by re-examining the rules of law, government effectiveness and voice accountability institutional factors to make it better.

No abstract

In this article, analysis is presented to study the effect of Hall current on the rotating flow of a nonNewtonian fluid in a porous medium taking into consideration the modified Darcy's law. The Oldroyd-B fluid model is used to characterize the non-Newtonian fluid behavior. The governing equations for unsteady rotating flow have been modeled in a porous medium. The analysis includes the flows induced by general periodic oscillations and elliptic harmonic oscillations of a plate. The effect of the various emerging parameters is discussed on the velocity distribution. The analytical results are confirmed mathematically by giving comparison with previous studies in the literature. It is observed that the velocity distribution increases with an increase of Hall parameter. The behavior of permeability is similar to that of the Hall parameter.

No abstract

This study investigates the rotating magnetohydrodynamic (MHD) flow of a third-grade fluid in a porous space. Modified Darcy's law has been utilized for the flow modeling. The Hall effects are taken into consideration. The basic equations governing the flow are reduced to a highly nonlinear ordinary differential equation. This equation has been solved analytically by employing the homotopy analysis method (HAM). The effects of the various interesting parameters on the velocity distribution have been discussed.