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Empirical studies show that health improvements provide a significant boost to economic growth in developing countries. This leads to the view that health, like education, is a fundamental component of human capital, and suggests the notion of health-led growth. Better health leads to higher income, but there is also a positive feedback effect, giving rise to a beneficial situation where health and income improvements are mutually reinforcing.
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David E. Bloom
Harvard University
David Canning
Boston University
Science
Queen's University Belfast
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Bloom et al. (Fri,) studied this question.
synapsesocial.com/papers/69dd1c564006ebb8efe530af — DOI: https://doi.org/10.1126/science.287.5456.1207