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Multi-Factor Index of Public Health: Empirical Analysis and Application in Economic Development of Transition Economies  The main focus of the paper is empirical investigation of health factor influence on economic growth in transition economies. Extending production function model of economic growth by constructed health indices the influence of health factor on the real output was examined. The main finding is that under majority of specifications health indices were found to be positive and significant. The influence of health on productivity growth in transition countries does not differ much from the health influence on productivity in the other countries groups.