Macroeconomic Impact of HIV/AIDS in the Asian and Pacific Region

Ajay Tandon ()
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Ajay Tandon: Asian Development Bank

No 75, ADB Economics Working Paper Series from Asian Development Bank

Abstract: This paper reports estimates of the economic impact of HIV/AIDS in the Asian and Pacific region using a standard growth model. Following previous research on this issue, an economy-wide aggregate production function is estimated with health capital as an input. HIV/AIDS is assumed to influence the accumulation of health capital proxied by a life expectancy shortfall measure. The model is estimated empirically using cross-country panel data spanning the period 1960-2000. Using a global sample, results indicate a negative impact of increasing HIV/AIDS prevalence on health capital and on economic growth. Using fairly conservative projections for HIV/AIDS prevalence, the model predicts a particularly large adverse impact on economic growth in Cambodia and Papua New Guinea.

Keywords: Asia and Pacific region; economic impact; growth model; health capital; HIV/AIDS (search for similar items in EconPapers)
JEL-codes: I15 I18 O11 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2005-11-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0075

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