Macroeconomic Impact of HIV/AIDS in the Asian and Pacific Region
Tandon, Ajay | November 2005
Abstract
This paper reports estimates of the economic impact of HIV/AIDS in the Asian and Pacific region using a standard growth model. Following previous research on this issue, an economywide aggregate production function is estimated with health capital as an input. HIV/AIDS is assumed to influence the accumulation of health capital proxied by a life expectancy shortfall measure. The model is estimated empirically using cross-country panel data spanning the period 1960–2000. Using a global sample, results indicate a negative impact of increasing HIV/AIDS prevalence on health capital and on economic growth. Using fairly conservative projections for HIV/AIDS prevalence, the model predicts a particularly large adverse impact on economic growth in Cambodia and Papua New Guinea.
Citation
Tandon, Ajay. 2005. Macroeconomic Impact of HIV/AIDS in the Asian and Pacific Region. © Asian Development Bank. http://hdl.handle.net/11540/1904. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Health Risk
Health Issues
Environmental Health Hazards
Education, Health and Social Protection
Urbanization
Urban Services
Urban Planning
Urban Conditions
Disease Control
Sanitation
Health Hazards
Urban Plans
Urbanism
Diseases
Economic Development
Sanitation services
Sanitary engineering
Sanitation systems
Illness
Refuse and refuse disposal
Urban renewal
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