The Relationship Between Health and Growth: When Lucas Meets Nelson-Phelps. Philippe Aghion, 2009, Paper. "This paper revisits the relationship between health and growth in light of modern endogenous growth theory. We propose an unified framework that encompasses the growth effects of both, the accumulation and the level of health. Based on cross-country regressions where we instrument for both variables, we find that a higher initial level and a higher rate of improvement in life expectancy, both have a significantly..." Link