AIDS AND ECONOMIC GROWTH IN SOUTH AFRICA

Rodney B.W. Smith

No 28072, Conference Papers from University of the Free State, Department of Agricultural Economics

Abstract: 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.

Keywords: Health Economics and Policy; International Development; Labor and Human Capital (search for similar items in EconPapers)
Pages: 22
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ufstcp:28072

DOI: 10.22004/ag.econ.28072

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