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Growth economics of epidemics: A review of the theory

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  • BOUCEKKINE, Raouf
  • DIENE, Bity
  • AZOMAHOU, Théophile

Abstract

This survey of economic growth theory applied to epidemiology highlights that Blanchard-Yaari structures involving a Lucas human capital accumulation are appropriate to study an AIDS-like crisis. Physical capital accumulation, schooling, health expenditures and supply effects are put together within a Blanchard two-sector economy to capture life-cycle effects of AIDS-like epidemics.

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File URL: http://dx.doi.org/10.1080/08898480701792410
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Bibliographic Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers RP with number -2004.

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Handle: RePEc:cor:louvrp:-2004

Note: In : Mathematical Population Studies, 15, 1-26, 2008
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References

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  1. BOUCEKKINE, RAOUF & de la CROIX, David & LICANDRO, Omar, 2004. "Modelling vintage structures with DDEs : principles and applications," CORE Discussion Papers 2004047, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Barro, R.J. & Becker, G.S., 1988. "Fertility Choice In A Model Of Economic Growth," University of Chicago - Economics Research Center 88-8, Chicago - Economics Research Center.
  3. BOUCEKKINE, Raouf & RUIZ-TAMARIT, José Ramon, . "Special functions for the study of economic dynamics: The case of the Lucas-Uzawa model," CORE Discussion Papers RP -2003, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Robert J. Barro, 2012. "Inflation and Economic Growth," CEMA Working Papers 568, China Economics and Management Academy, Central University of Finance and Economics.
  5. David E. Bloom & Ajay S. Mahal, 1995. "Does the AIDS Epidemic Really Threaten Economic Growth?," NBER Working Papers 5148, National Bureau of Economic Research, Inc.
  6. Benhabib Jess & Perli Roberto, 1994. "Uniqueness and Indeterminacy: On the Dynamics of Endogenous Growth," Journal of Economic Theory, Elsevier, vol. 63(1), pages 113-142, June.
  7. BOUCEKKINE, Raouf & RUIZ TAMARIT, Ramon, . "Imbalance effects in the Lucas model: an analytical exploration," CORE Discussion Papers RP -1755, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  8. David N. Weil & Oded Galor, 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," American Economic Review, American Economic Association, vol. 90(4), pages 806-828, September.
  9. Wachter, Kenneth W. & Knodel, John E. & VanLandingham, Mark, 2003. "Parental bereavement: heterogeneous impacts of AIDS in Thailand," Journal of Econometrics, Elsevier, vol. 112(1), pages 193-206, January.
  10. Xie Danyang, 1994. "Divergence in Economic Performance: Transitional Dynamics with Multiple Equilibria," Journal of Economic Theory, Elsevier, vol. 63(1), pages 97-112, June.
  11. Raouf Boucekkine & David de la Croix & Dominique Peeters, 2004. "Early Literacy Achievements, Population Density and the Transition to Modern Growth," 2004 Meeting Papers 426, Society for Economic Dynamics.
  12. Galor, Oded, 2004. "From Stagnation to Growth: Unified Growth Theory," CEPR Discussion Papers 4581, C.E.P.R. Discussion Papers.
  13. Ferreira, Pedro Cavalcanti Gomes & Pessoa, Samuel de Abreu, 2003. "The Long Run Economic Impact of AIDS," Economics Working Papers (Ensaios Economicos da EPGE) 475, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
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  17. Brainerd, Elizabeth & Siegler, Mark V, 2003. "The Economic Effects of the 1918 Influenza Epidemic," CEPR Discussion Papers 3791, C.E.P.R. Discussion Papers.
  18. Raouf, BOUCEKKINE & Bity, DIENE & Theophile, AZOMAHOU, 2006. "The Growth economics of epidemics," Discussion Papers (ECON - Département des Sciences Economiques) 2006021, Université catholique de Louvain, Département des Sciences Economiques.
  19. Raouf, BOUCEKKINE & David, DE LA CROIX & Dominique, PEETERS, 2007. "Disentangling the demographic determinants of the English take-off : 1530-1860," Discussion Papers (ECON - Département des Sciences Economiques) 2007019, Université catholique de Louvain, Département des Sciences Economiques.
  20. Gary D. Hansen & Edward C. Prescott, 1999. "Malthus to Solow," Staff Report 257, Federal Reserve Bank of Minneapolis.
  21. Cuddington, John T. & Hancock, John D., 1994. "Assessing the impact of AIDS on the growth path of the Malawian economy," Journal of Development Economics, Elsevier, vol. 43(2), pages 363-368, April.
  22. Boucekkine, Raouf & de la Croix, David & Licandro, Omar, 2002. "Vintage Human Capital, Demographic Trends, and Endogenous Growth," Journal of Economic Theory, Elsevier, vol. 104(2), pages 340-375, June.
  23. Hamid Faruqee, 2003. "Debt, Deficits, and Age-specific Mortality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(2), pages 300-312, April.
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  28. Scott McDonald & Jennifer Roberts, 2004. "Aids and Economic Growth: A Human Capital Approach," Working Papers 2004008, The University of Sheffield, Department of Economics, revised Aug 2004.
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  30. Alwyn Young, 2005. "The Gift of the Dying: The Tragedy of Aids and the Welfare of Future African Generations," The Quarterly Journal of Economics, MIT Press, vol. 120(2), pages 423-466, May.
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Citations

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Cited by:
  1. Goulão, Catarina & Pérez-Barahona, Agustín, 2011. "Intergenerational transmission of non-communicable chronic diseases," TSE Working Papers 11-219, Toulouse School of Economics (TSE).
  2. de la Croix, David & Ponthiere, Gregory, 2010. "On the Golden Rule of capital accumulation under endogenous longevity," Mathematical Social Sciences, Elsevier, vol. 59(2), pages 227-238, March.
  3. Azomahou, Theophile & Soete, Luc & Diene, Bity & Diene, Mbaye, 2012. "Optimal health investment with separable and non-separable preferences," MERIT Working Papers 047, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  4. Gregory Ponthiere, 2013. "Fair Accumulation under Risky Lifetime," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(2), pages 210-230, 05.
  5. David De La Croix & Grégory Ponthière, 2008. "On the Golden Rule of capital accumulation under endogenous longevity," Working Papers halshs-00586242, HAL.
  6. Pierre Pestieau & Grégory Ponthiere, 2012. "On the Policy Implications of Changing Longevity," CESifo Working Paper Series 3926, CESifo Group Munich.
  7. Azomahou, Theophile & Soete, Luc & Diene, Bity & Diene, Mbaye, 2012. "Optimal health investment with separable and non-separable preferences," MERIT Working Papers 047, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  8. Azomahou, Theophile & Diene, Bity & Soete, Luc, 2009. "The role of consumption and the financing of health investment under epidemic shocks," MERIT Working Papers 006, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  9. Grégory Ponthière, 2012. "Fair Accumulation under Risky Lifetime," Working Papers halshs-00746913, HAL.
  10. Karlsson, Martin & Nilsson, Therese & Pichler, Stefan, 2012. "What doesn’t kill you makes you stronger? The Impact of the 1918 Spanish Flu Epidemic on Economic Performance in Sweden," Darmstadt Discussion Papers in Economics 57149, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute of Economics (VWL).

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