The role of health in economic growth

Sustainable economic growth depends heavily on human capital. It is also well-established that higher quality of health affects the quality of human capital. And health indicator can be considered as a good proxy for human capital. The purpose of this study is to shed some light on the empirical nature of the health role on the long-run economic growth. In this study, two different models are used to see health role on the long-run economic growth using panel least squares method with fixed effects by considering various control variables for the selected group of countries that are classified by income group and geographic region. In the first growth regression, life expectancy is used a health indicator over the period from 1960 to 2014 with 10-year average. In the secong growth regression, health expenditure per capita growth is used as a health indicator over the period from 1995 to 2014 with 5-year average.