DEVELOPMENT ISSUES IN SUB-SAHARAN AFRICA AND SOUTH ASIA
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Date
2019
Authors
Oyerinola, D.S.
Journal Title
Journal ISSN
Volume Title
Publisher
DEPARTMENT OF ECONOMICS, UNIVERSITY OF ILORIN
Abstract
This chapter investigates the impact ofHIV/AIDS burden on
SSA's economic growth using a macroeconomic model for
39 countries for the period 1990-2015. Economic growth,
proxied by growth rate of the GDP, is the dependent variable
while the explanatory variables are population growth,
human capital, health expenditure, HIV burden and
investment. The chapter employed three regression models -
the pooled OLS, Fixed and Random Effects, but the randoт
effect model is the preferred model. The model shows that
both investment and population growth have a positive and
significant impact on economic growth at the 10 per cent
level of significance. In contrast, HIV burden has a negative
but insignificant impact on economic growth. Public health
expenditure has a negative and significant impact on
economic growth. The chapter therefore, recommends that
the respective governments of the studied areas should
improve the quality of public health expenditure and
continue with the programme of curbing HIV and improving
its management
Description
Keywords
Citation
Economic Growth; Investment; Health Expenditure; Human Capital; HIV Burden