Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
967034 | Journal of Monetary Economics | 2010 | 14 Pages |
Abstract
⺠Infectious disease externalities cause a previously unexplored growth trap. ⺠Even the wealthiest nations can fall into the trap. ⺠Diseases can significantly impair the economic development path even without traps. ⺠A calibration to SSA's malaria and HIV burden shows that predictions are plausible. ⺠The theory suggests that health can generate nonlinearities in the growth process.
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Authors
Shankha Chakraborty, Chris Papageorgiou, Fidel Pérez Sebastián,