Aids and Economic Growth: A Human Capital Approach

Scott McDonald () and Jennifer Roberts

No 2004008, Working Papers from The University of Sheffield, Department of Economics

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.

Keywords: AIDS; Growth; Human Capital; Panel Data. (search for similar items in EconPapers)
JEL-codes: C23 I12 O15 O47 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2004-08, Revised 2004-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: AIDS and economic growth: A human capital approach (2006)
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