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 per cent decrease in the...
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| Format: | Article |
| Language: | English |
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AOSIS
2004-11-01
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| Series: | South African Journal of Economic and Management Sciences |
| Online Access: | https://sajems.org/index.php/sajems/article/view/1299 |
| Summary: | 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 per cent decrease in the size of the effective labour force would lead to a 10 per cent decrease in long-run (steady state) GDP levels. Similarly, a 10 per cent decrease in the number of labourers would lead to an 11 per cent drop in long-run GDP. |
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| ISSN: | 1015-8812 2222-3436 |