Title of article
Diseases,infectiondynamics,anddevelopment
Author/Authors
Shankha Chakraborty، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2010
Pages
14
From page
859
To page
872
Abstract
The relationshipbetweenhealthanddevelopmentisasubjectofongoingdebate.This
paper contributestothedebatebyproposingageneralequilibriumtheoryofinfectious
diseasetransmission,preventioninvestment,andrationalbehavior.Diseasescause
prematuredeath,laborproductivitylossandlowerqualityoflife.Higherdisease
prevalencelowerstheaveragesaving-investmentpropensity.Themodelofferstwo
insights.First,infectiousdiseasecanplausiblygenerateanunconventionalgrowthtrap
whereincomealonecannotpushaneconomyoutofunderdevelopment.Second,even
when countriesconvergetothesamebalancedgrowthpath,thediseaseecology
significantlyimpairsthepaceofeconomicdevelopment.
Journal title
Journal of Monetary Economics
Serial Year
2010
Journal title
Journal of Monetary Economics
Record number
846434
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