THE EFFECT OF HIV/AIDS ON ECONOMIC GROWTH OF SOUTHERN AFRICAN COUNTRIES
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 9
Abstract
This paper contributes to the existing literature by investigating the effect of health on overall economic growth in southern African nations. We examine interactions between health and economic growth by including both education and health among factors of production in a neoclassical growth model. Our findings, based on generalized least squares estimation of panel data models, suggest HIV/AIDS substantially and adversely affects the accumulation of human capital and thereby retards growth of per capita income significantly. While human capital remains crucial for growth, the effectiveness of policy depends on whether its focus is on the particular component of human capital, such as health for southern Africa, which serves as the more binding constraint on the rate of an economy?s growth.
Authors and Affiliations
Mahlet Gezahegn| Kifiya Financial Technology, Addis Ababa, Ethiopia, Mukti Upadhyay| Department of Economics, Eastern Illinois University, Charleston, Illinois, USA
Keywords
Related Articles
- EP ID EP2070
- DOI -
- Views 507
- Downloads 25
RENMINBI AS NUMBER TWO IN EAST ASIA
This paper investigates the emerging influence of the Chinese renminbi on the exchange rate movements of East Asian currencies. China stopped pegging her currency to the US dollar and moved into a managed floating exchan...
AN ANTI-AUSTERITY POLICY RECIPE AGAINST DEBT ACCUMULATION IN THE PRESENCE OF HIDDEN ECONOMY
Contrary to what the literature on the linkage between debt accumulation and hidden economy suggests, this paper advocates that the two relationships, tax-hidden economy size and inflation-hidden economy size, have to be...
TRADE FLOWS AND EXCHANGE RATE SHOCKS IN NIGERIA: AN EMPIRICAL RESULT
In this paper, we explored the J-curve effect based on Nigerian data by adopting the vector error correction methodology. The results of the study indicated a cyclical feedback between the trade balance and the real exch...
Effect of Workers’ Remittances on Private Savings Behavior in Pakistan
The study empirically examined the macroeconomic impact of remittances onprivate savings in Pakistan by applying the ARDL Bounds Testing Approach of cointegration by using annual time series data for 1973-2007.It also an...
NONLINEAR ANALYSIS OF ECONOMIC GROWTH, PUBLIC DEBT AND POLICY TOOLS
This paper empirically analyzes the nonlinear relation between real GDP growth per capital and public debt by employing ADL test for threshold cointegration method. Empirical results show that there exists a threshold co...