In this paper I consider a spatial panel growth model which explicitly takes into account technological interdependence among countries. I investigate the hypothesis that HIV/AIDS epidemic slows down the pace of economic growth and that the epidemic causes spatial externalities among economies....

In this paper I consider the forecasting of the post age 60 mortality rates. Realistic and robust forecast of mortality curves are important for pricing the risk associated with aggregate mortality improvements over time, the so-called longevity risk. On the basis of the Renshaw and Haberman...

Financial losses due to unanticipated movements of mortality rates (either catastrophic mortality risk or longevity risk) have become a major concern for pension annuities. To transfer these risks to the capital market, a new risk management tool - mortality-linked securities - has been...

Recently, the risk cubic model proposed by Lane (2000) has been used for pricing mortality-linked securities. The model considers the frequency and severity of the loss distribution in the insurance pricing framework and has been developed for pricing catastrophe risks. As mortality risk is not...

This study investigates the hypothesis that HIV/AIDS epidemic slows down the pace of economic growth. We examine 41 Sub-Saharan African countries by using the empirical growth equation in an augmented Solow model in which health capital serves as a determinant of human capital. Econometric...