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The Impact Of Hiv/Aids On Economic Growth In Sub‐Saharan Africa1

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  • Enrico Lovász
  • Bernhard Schipp

Abstract

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 per capita GDP in Sub‐Saharan Africa.

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  • Enrico Lovász & Bernhard Schipp, 2009. "The Impact Of Hiv/Aids On Economic Growth In Sub‐Saharan Africa1," South African Journal of Economics, Economic Society of South Africa, vol. 77(2), pages 245-256, June.
    • Handle: RePEc:bla:sajeco:v:77:y:2009:i:2:p:245-256
    DOI: 10.1111/j.1813-6982.2009.01210.x
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    References listed on IDEAS

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    Cited by:

    1. Mahlet Gezahegn & Mukti Upadhyay, 2014. "The Effect of HIV/AIDS on Economic Growth of Southern African Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(9), pages 1146-1157, September.
    2. Edward Nketiah-Amponsah & Mohammed Abubakari & Priscilla Twumasi Baffour, 2019. "Effect of HIV/AIDS on Economic Growth in Sub-Saharan Africa: Recent Evidence," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 25(4), pages 469-480, November.
    3. Prosper F. Bangwayo‐Skeete & Precious Zikhali, 2011. "Social tolerance for human diversity in Sub‐Saharan Africa," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 38(6), pages 516-536, May.
    4. Cavusoglu, Nevin, 2012. "LISREL growth model on direct and indirect effects using cross-country data," Economic Modelling, Elsevier, vol. 29(6), pages 2362-2370.

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