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 |
| _version_ | 1811318945483849728 |
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| author | RBW Smith |
| author_facet | RBW Smith |
| author_sort | RBW Smith |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-13T12:33:57Z |
| format | Article |
| id | doaj.art-d37e9aa323aa4561a20a3fc3e9f68922 |
| institution | Directory Open Access Journal |
| issn | 1015-8812 2222-3436 |
| language | English |
| last_indexed | 2024-04-13T12:33:57Z |
| publishDate | 2004-11-01 |
| publisher | AOSIS |
| record_format | Article |
| series | South African Journal of Economic and Management Sciences |
| spelling | doaj.art-d37e9aa323aa4561a20a3fc3e9f689222022-12-22T02:46:43ZengAOSISSouth African Journal of Economic and Management Sciences1015-88122222-34362004-11-017468369210.4102/sajems.v7i4.1299403AIDS and economic growth in South AfricaRBW Smith0University of MinnesotaMorbidity 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.https://sajems.org/index.php/sajems/article/view/1299 |
| spellingShingle | RBW Smith AIDS and economic growth in South Africa South African Journal of Economic and Management Sciences |
| title | AIDS and economic growth in South Africa |
| title_full | AIDS and economic growth in South Africa |
| title_fullStr | AIDS and economic growth in South Africa |
| title_full_unstemmed | AIDS and economic growth in South Africa |
| title_short | AIDS and economic growth in South Africa |
| title_sort | aids and economic growth in south africa |
| url | https://sajems.org/index.php/sajems/article/view/1299 |
| work_keys_str_mv | AT rbwsmith aidsandeconomicgrowthinsouthafrica |