The role of human capital in fostering economic growth cannot be undermined in the economic literature. Also the Sustainable Development Goals formulated by the United Nations have further strengthened the importance of making progress in the indicators of human capital measured in terms of education and health outcomes. The present paper makes an attempt to assess the role of investment in education and health and their outcomes, along with other variables in contributing to economic growth of countries. The study covers panel dataset of  110 countries for the period 2010-2017. The fixed effect model examines the impact of different indicators of education, health, and trade openness, capital formation, fiscal balance, inflation and population on economic growth for the period under study. Implications are drawn on the basis of the results of panel data analysis, which confirms the important role of building human capital in terms of investment in education and health to achieve sustainable levels of economic growth.

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Keywords: Human Capital, Education, Health, Economic Growth, GDP, Life Expectancy.

JEL Codes: I15, I26, O4