Empirical evidence suggests that parents with higher levels of education generally attach a higher importance to the education of their children. This implies an intergenerational chain transmitting the attitude towards the formation of human capital from one generation to the next. We incorporate this intergenerational chain into an OLGmodel with endogenous human capital formation. In absence ...

The stock market is considered essential for economic growth and expected to contribute to improved productivity. An efficient pricing mechanism of the stock market can be a driving force for channeling savings into profitable investments and thus facilitating optimal allocation of capital. This study investigated the technical efficiency of selected groups of companies of Bangladesh Stock Mark...

background and objectives: social security organization (sso) is the second largest organization to the ministry of health and medical education (mohme) in providing health care services in iran. in recent years the gap between the sso’s resources and expenditures has shown an unprecedented growing trend due to the rapidly increasing demand. continuation of this trend may lead to financial imba...

The roll of melting heat transfer on magnetohydrodynamic natural convection in a square enclosure with heating of bottom wall is examined numerically in this article. The dimensionless governing partial differential equations are transformed into vorticity and stream function formulation and then solved using the finite difference method (FDM). The effects of thermal Rayleigh number (Ra</em...

We estimate Japanese banking inefficiency and the shadow price of problem loans by treating problem loans as a jointly produced undesirable by-product of the loan production process. Our method uses the directional output distance function of Färe et al. [R. Färe, S. Grosskopf, D.-W. Noh, W.L. Weber, Characteristics of a polluting technology: Theory and practice, Journal of Econometrics 126 (20...

In the present study, analytical solutions are obtained for two-dimensional advection dispersion equation for conservative solute transport in a semi-infinite heterogeneous porous medium with pulse type input point source of uniform nature. The change in dispersion parameter due to heterogeneity is considered as linear multiple of spatially dependent function and seepage velocity whereas seepag...

This article is concerned with the Euler’s function [10] that plays an important role in cryptograms. In the first section, we present some selected theorems on integers. Next, we define the Euler’s function. Finally, three theorems relating to the Euler’s function are proved. The third theorem concerns two relatively prime integers which make up the Euler’s function parameter. In the public ke...