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 per cent decrease in the size of the effective labour force would lead to a 10 per cent decrease in long-run (steady state) GDP levels. Similarly, a 10 per cent decrease in the number of labourers would lead to an 11 per cent drop in long-run GDP.
Original language | English (US) |
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Pages (from-to) | 683-692 |
Number of pages | 10 |
Journal | South African Journal of Economic and Management Sciences |
Volume | 7 |
Issue number | 4 |
DOIs | |
State | Published - 2004 |
Bibliographical note
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