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HIV/AIDS pandemic in Africa has been closely associated with adverse economic effects, and could thwart the success of … poverty reduction initiatives. HIV/AIDS is fast eroding the health benefits, which Kenya gained in the first two decades of … independence. The paper explores the different channels through which HIV/AIDS affects economic growth in a low-income country like …
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Twelve percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used a third of the time. To analyze the Malawian epidemic, a choice-theoretic general equilibrium search model is constructed. In the developed framework, people select...
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