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Media type:
E-Article
Title:
THE IMPACT OF HIV/AIDS ON ECONOMIC GROWTH IN SUB‐SAHARAN AFRICA1
Contributor:
Lovász, Enrico;
Schipp, Bernhard
imprint:
Wiley, 2009
Published in:South African Journal of Economics
Language:
English
DOI:
10.1111/j.1813-6982.2009.01210.x
ISSN:
0038-2280;
1813-6982
Origination:
Footnote:
Description:
<jats:title>Abstract</jats:title><jats:p>This study investigates the hypothesis that HIV/AIDS epidemic slows down the pace of economic growth. We examine 41 Sub‐Saharan African countries by using the empirical growth equation in an augmented Solow model in which health capital serves as a determinant of human capital. Econometric analysis is based on panel data and covers the period 1997‐2005. We control for a variety of factors possibly correlated with HIV prevalence that might also influence economic growth. As a key result we prove that the epidemic has a significant negative effect on the growth rate of <jats:italic>per capita</jats:italic> GDP in Sub‐Saharan Africa.</jats:p>