This paper studies the general equilibrium effects of various social security programs on the rates of population growth and capital accumulation within an overlapping generations framework with endogenous fertility and savings. It also shows that if the rate of intergenerational transfers of...

This paper develops a dynamic stochastic model to explain the observed pattern of R&D input choices of Indian private firms in terms of firm size, market structure, and science base. The inputs to the production of technological knowledge are taken to be in house R&D activities, and purchase of...

This paper formulates the inter-temporal R&D investment decision problem of private firms using an optimal stochastic control framework. The paper explicitly derives the R&D investment decision rule and the cross equations parameter restrictions imposed by the hypothesis of rational...