Since its detection in the early 1980s, the Acquired Immune Deficiency Syndrome(AIDS) has become a worldwide epidemic that is spreading rapidly, albeit unevenly, across continents, countries, age groups and socio-economic classes. In addition to finding ways to mitigate the pain, social disruption, and human suffering that itinflicts in its wake, economists and policy makers have also been concerned with the potentially significant economic consequences of AIDS illnesses. How will the spread of the AIDS virus and the accompanying rise in adult mortality affect a country's economic performance? Will spending on AIDS absorb a large and growing portion of national saving thereby impeding capital formation and economic growth? These and related questions are of particular importance to decision makers in countries where domestic human and non-human resources are acutely scarce.
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Kambou et al. (1992) studied this question.