The Economics of Hiv/Aids: A Survey

23 Pages Posted: 24 Apr 2003

See all articles by Edoardo Gaffeo

Edoardo Gaffeo

Università degli Studi di Udine - Department of Economics


This article surveys the main economic issues associated with the HIV/AIDS epidemic, paying special attention to sub-Saharan Africa. It explores the economic and behavioural determinants of HIV transmission, the microeconomics of market failures associated with high HIV prevalence, the prospects for regional development from a macroeconomic perspective and the efficient design of policies for coping with the epidemic. In line with the recent appeal by the UN Secretary General, the article argues that, without a decisive effort to halt HIV/AIDS, people living in the region are bound to experience a further fall in their standard of living in both relative and absolute terms. However, to be effective, anti-AIDS programmes must be rooted in sound economic principles.

Suggested Citation

Gaffeo, Edoardo, The Economics of Hiv/Aids: A Survey. Available at SSRN:

Edoardo Gaffeo (Contact Author)

Università degli Studi di Udine - Department of Economics ( email )

Via Tomadini 30
33100 Udine

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