Diseases, infection dynamics, and development
成果类型：
Article
署名作者：
Chakraborty, Shankha; Papageorgiou, Chris; Perez Sebastian, Fidel
署名单位：
Universitat d'Alacant; University of Oregon; International Monetary Fund
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/j.jmoneco.2010.08.004
发表日期：
2010
页码：
859-872
关键词：
摘要：
The relationship between health and development is a subject of ongoing debate. This paper contributes to the debate by proposing a general equilibrium theory of infectious disease transmission, prevention investment, and rational behavior. Diseases cause premature death, labor productivity loss and lower quality of life. Higher disease prevalence lowers the average saving-investment propensity. The model offers two insights. First, infectious disease can plausibly generate an unconventional growth trap where income alone cannot push an economy out of underdevelopment. Second, even when countries converge to the same balanced growth path, the disease ecology significantly impairs the pace of economic development. (C) 2010 Elsevier B.V. All rights reserved.
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