Location of Repository

Aids and Economic Growth: A Human Capital Approach

By S. McDonald and J. Roberts

Abstract

It is estimated that by 2001 20 million people had died from AIDS, which is now the world´s fourth biggest cause of death. While the highest prevalence and death rates and number of infected persons are reported for sub-Saharan Africa, where life expectancies at birth are declining rapidly and infant mortality rates are increasing, there is evidence that the epidemic is accelerating in Asia and Eastern Europe. While the human and social costs of the HIV/AIDS epidemic are the major causes for concern, the econometric results reported in this paper indicate that the macroeconomic affects of the HIV/AIDS epidemic have been substantial; especially in Africa where the average marginal negative impact on income per capita of a one percent increase in HIV prevalence rate is 0.59 percent. Even in countries where the HIV prevalence rates are lower the marginal impacts are non trivial

Publisher: Department of Economics, University of Sheffield
Year: 2004
OAI identifier: oai:eprints.whiterose.ac.uk:9894

Suggested articles

Preview


To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.