Health and income are each elemental to welfare, but their joint relationship is one that has intrigued researchers. Countries that are poor in per capita income are also likely to be poor in health. The high positive correlation between income and health is well documented by demographers, economists and epidemiologists.

This raises some interesting questions: How can national health and macroeconomic outcomes be effectively improved? Does a better disease environment facilitate economic growth? Or is it economic development that allows health improvements? While there is consensus that the relationship runs both ways, it is not fully clear how it works and if one direction is expected to be dominant.

The conference, co-organized by the BBVA Foundation and the Ivie within the framework of their Economic Research Program, aims to provide a forum for discussing theoretical and empirical research that can help to answer those questions. The idea is to bring together a small group of economists who are interested in this new and rapidly growing field of macroeconomics over a two-day workshop.

14.30 - 15.30 h: "Birth Outcomes and Economic Crises: Evidence and Cost Assessment from Argentina's 'Corralito'"
Climent Quintana-Domeque, Universidad de Alicante (joint with Carlos Bozzoli)
Discussant: Matteo Cervellati

15.30 - 16.30 h: "Death and Capital: Investment in Physical and Human Capital under Missing Annuity Markets"
Shankha Chakraborty, University of Oregon (joint with Mausumi Das)
Discussant: Oksana Leukhina

17.00 - 19.00 h: Plenary session. "The Relationship between Health and Growth: When Lucas Meets Nelson-Phelps"
Philippe Aghion, Harvard University (joint with Peter Howitt, and Fabrice Murtin)
Discussant: Aart Kraay

10.00 - 11.00 h: "HIV and Fertility in Africa: First Evidence from Population Based Surveys"
Belgi Turan, University of Houston (joint with Sebnem Kalemli-Ozcan)
Discussant: Pedro Mira

11.15 - 12.15 h: "Aggregate Effects of AIDS on Development"
Raul Santaeulalia-Llopis, Washington University in St. Louis
Discussant: Luis A. Puch

12.15 - 13.15 h: "Disease and Development Revisited"
David Canning, Harvard School of Public Health (joint with David Bloom and Gunther Fink)
Discussant: Marios Zachariadis

14.30 - 15.30 h: "Schooling and Development: The Role of Credit Limits, Public Education, Fertility and Mortality"
Marla Ripoll, University of Pittsburgh (joint with Juan Carlos Córdoba)
Discussant: Klaus Desmet

15.30 - 16.30 h: "Physical Exercise, Health, and Productivity: Private and Public Health Investment Decisions in the Neoclassical Growth Model"
Stephen Turnovsky, University of Washington (joint with Chris Papageorgiou)
Discussant: Kenichi Ueda

17.00 - 18.00 h: "Life Expectancy and Economic Growth: The Role of the Demographic Transition"
Uwe Sunde, University of St. Gallen (joint with Matteo Cervellati)
Discussant: Fabrice Murtin

Chris Papageorgiou, International Monetary Fund
Fidel Pérez-Sebastián, Universidad de Alicante

Philippe Aghion, Harvard University
David Canning, Harvard School of Public Health
Matteo Cervellati, University of Bologna
Shankha Chakraborty, University of Oregon
Klaus Desmet, Universidad Carlos III
Aart Kraay, The World Bank
Oksana Leukhina, Universtity of North Carolina
Pedro Mira, CEMFI
Fabrice Murtin, OECD
Luis A. Puch, Fedea and Universidad Complutense de Madrid
Climent Quintana-Domeque, Universidad de Alicante
Marla Ripoll, University of Pittsburgh
Raul Santaeulalia-Llopis, Washington University in St. Louis
Uwe Sunde, University of St. Gallen
Belgi Turan, University of Houston
Stephen Turnovsky, University of Washington
Kenichi Ueda, International Monetary Fund
Marios Zachariadis, University of Cyprus

BBVA Foundation
Paseo Recoletos, 10, Madrid