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

GENDER DISPARITY IN FUNCTIONALITY AND CONSEQUENCE OF MICROFINANCE: DOES IT FUNCTION CURRENTLY?

This study has been designed to represent gender disparity in different issues like adequacy of loan amount, rate of interest, formalities to take loan and consequence of microfinance in poverty alleviation. Both descrip...

THE EFFECTS OF GLOBALIZATION ON FIRM PERFORMANCE IN EMERGING MARKETS: EVIDENCE FROM EMERGING-7 COUNTRIES

Although there exists a wide array of literature regarding almost every aspect of globalization at macro level, surprisingly, the micro level of the subject area seems to be a little ignored and consequently, almost noth...

DETERMINANTS OF CAPITAL STRUCTURE OF BANKING SECTOR IN GCC: AN EMPIRICAL INVESTIGATION

This work attempts to identify determinants of capital structure in a sample of commercial banks listed on the Gulf Cooperation Council (GCC) stock markets. To achieve this objective, data about were collected from 47 GC...

GLOBAL ENERGY PRICES AND THE BEHAVIOR OF ENERGY STOCK PRICE FLUCTUATIONS

This study investigates the impact of global crude oil and global natural gas prices on the stocks price movements of the energy companies using multivariate regression and impulse response function analysis. Our data se...

OVERSEAS R&D AND TAIWAN-BASED FIRM’S PRODUCTIVITY - DOES INTERNAL TECHNOLOGICAL CAPABILITY MATTER?

The purpose of this study is to examine the influence of overseas R&D on firm productivity. In particular, we further consider the moderating effect of internal technological capability. To provide more empirical evidenc...

Download PDF file
  • EP ID EP2070
  • DOI -
  • Views 468
  • Downloads 25

How To Cite

Mahlet Gezahegn, Mukti Upadhyay (2014). THE EFFECT OF HIV/AIDS ON ECONOMIC GROWTH OF SOUTHERN AFRICAN COUNTRIES. Asian Economic and Financial Review, 4(9), 1146-1157. https://europub.co.uk/articles/-A-2070