TITLE:
Pecuniary Value of Disability-Adjusted-Life-Years in the Arab Maghreb Union in 2015
AUTHORS:
Rosenabi Deborah Karimi Muthuri, Newton Gitonga Muthuri, Joses Muthuri Kirigia
KEYWORDS:
Disability-Adjusted-Life-Year (DALY), Pecuniary Value of DALY, Gross Domestic Product, Arab Maghreb Union
JOURNAL NAME:
Journal of Human Resource and Sustainability Studies,
Vol.6 No.4,
November
23,
2018
ABSTRACT: This study bridges extant information gap on the pecuniary value of disability-adjusted-life-years (DALYs) lost in the Arab Maghreb Union (AMU). The DALYs lost in 2015 are converted into money using human capital (lost output) approach. The AMU total value of DALYs lost from all causes is the sum of each of the five country’s pecuniary value of DALYs (PVD) lost from all causes. The PVD associated with DALYs lost due to jth disease among persons of a specific age group is the product of the per capita non-health GDP in international dollars (Int$) and the total DALYs lost. The 27,175,610 DALYs lost in AMU in 2015 had a pecuniary value of Int$ 289,033,271,814, which is equivalent to 25.6% the sub-region’s 2015 GDP. The average pecuniary value per DALY lost was Int$ 10,636, which ranged from a minimum of Int$ 4226 in Mauritania to a maximum of Int$ 13,852 in Algeria. The pecuniary value of DALYs lost from all causes in the AMU sub-region annually is substantive.