AIDS AND ECONOMIC GROWTH IN SOUTH AFRICA

Morbidity and mortality effects are introduced into a three sector, Ramsey-type model of economic growth. The model is calibrated to South African national accounts data and used to examine the potential impact of HIV/AIDS on economic growth. Simulation results suggest a 10% decrease in the size of the effective labor force would lead to a 10% decrease in the long run (steady state) GDP levels. Similarly, a 10% decrease in the number of laborers would lead to an 11% drop in long run GDP.


Issue Date:
2003
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/28072
Total Pages:
22
Series Statement:
Paper presented at Pre-IAAE-Conference on African Agricultural Economics, August 13-14, 2003, Bloemfontein, South Africa




 Record created 2017-04-01, last modified 2017-08-24

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