AIDS, human capital and development

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dc.contributor.author Yurdagul, Emircan
dc.contributor.author Manuelli, Rodolfo E.
dc.date.accessioned 2022-03-28T15:57:06Z
dc.date.issued 2021-10-01
dc.identifier.bibliographicCitation Manuelli, R. E., & Yurdagul, E. (2021). AIDS, human capital and development. Review of Economic Dynamics, 42, pp. 178-193
dc.identifier.issn 1094-2025
dc.identifier.uri http://hdl.handle.net/10016/34475
dc.description.abstract We develop a general equilibrium model to study the impact of HIV/AIDS on human capital accumulation decisions and on aggregate output. We calibrate the model targeting a sample of Sub-Saharan African countries, separately for 1995-2004 and 2010-2017. Our results show that the scale-up of ART treatments since mid-2000s, and the additional reductions in the transmission rate have had a significant impact on output. Counterfactual exercises suggest significant output gains from further increasing ART treatment and decreasing infectiousness. The output gains are substantially larger than the costs. We find that treatment and policies that reduce infection (e.g. condom use) are substitutes.
dc.description.sponsorship The author gratefully acknowledges the support from the Ministerio de Economìa y Competitividad (Spain) (ECO2015-68615-P), Marìa de Maeztu grant (MDM 2014-0431), from Comunidad de Madrid, MadEco-CM (S2015/HUM-3444), and from the Ministerio de Ciencia, Innovación y Universidades (FJCI-2016-28864 and IJC2018-038229-I)
dc.language.iso eng
dc.publisher Elsevier
dc.rights © 2020 Elsevier
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Human capital
dc.subject.other Output
dc.subject.other Labor productivity
dc.subject.other Hiv/Aids
dc.title AIDS, human capital and development
dc.type article
dc.subject.jel E24
dc.subject.jel I15
dc.subject.jel J24
dc.subject.jel O11
dc.subject.eciencia Economía
dc.identifier.doi https://doi.org/10.1016/j.red.2020.10.002
dc.rights.accessRights embargoedAccess
dc.relation.projectID Gobierno de España. MDM-2014-0431
dc.relation.projectID Comunidad de Madrid. S2015/HUM-3444
dc.relation.projectID Gobierno de España. ECO2015-68615-P
dc.relation.projectID Gobierno de España. IJC2018-038229-I
dc.type.version acceptedVersion
dc.identifier.publicationfirstpage 178
dc.identifier.publicationlastpage 193
dc.identifier.publicationtitle REVIEW OF ECONOMIC DYNAMICS
dc.identifier.publicationvolume 42
dc.identifier.uxxi AR/0000029401
carlosiii.embargo.liftdate 2023-10-01
carlosiii.embargo.terms 2023-10-01
dc.contributor.funder Ministerio de Economía y Competitividad (España)
dc.contributor.funder Ministerio de Ciencia, Innovación y Universidades (España)
dc.contributor.funder Comunidad de Madrid
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