Does Health Matter for Economic Growth?

Abstract. This paper reviewed extensive theoretical and empirical studies which emphasize the role human capital in form of health, in economic growth. Most of the studies used proxies like life expectancy, infant mortality rate and health expenditure to estimate the effects of health on economic growth. Majority of the studies agree the positive impact of health on the economic growth and suggest investment in health to achieve sustained economic growth.Keywords. Health, human capital, economic growth life expectancy.JEL. I15, O490, O47