Original Research

AIDS and economic growth in South Africa

RBW Smith
South African Journal of Economic and Management Sciences | Vol 7, No 4 | a1299 | DOI: https://doi.org/10.4102/sajems.v7i4.1299 | © 2004 RBW Smith | This work is licensed under CC Attribution 4.0
Submitted: 14 January 2004 | Published: 30 November 2004

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RBW Smith, University of Minnesota, United States

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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. 

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Crossref Citations

1. PROMOTING THE COMPETITIVENESS OF SOUTH AFRICAN AGRICULTURE IN A DYNAMIC ECONOMIC AND POLITICAL ENVIRONMENT
G F Ortmann
Agrekon  vol: 44  issue: 3  first page: 286  year: 2005  
doi: 10.1080/03031853.2005.9523714