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The Evolution of Health Investment: Historical Motivations and Fertility Implications

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  • Ruiwu Liu

Abstract

In this working paper, I developed a suite of macroeconomic models that shed light on the intricate relationship between economic development, health, and fertility. These innovative models conceptualize health as an intermediate good, paving the way for new interpretations of dynamic socio-economic phenomena, particularly the non-monotonic effects of health on economic and population growth. The evolving dynamic interactions among economic growth, population, and health during the early stages of human development have been well interpreted in this research.

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  • Ruiwu Liu, 2025. "The Evolution of Health Investment: Historical Motivations and Fertility Implications," Papers 2503.00391, arXiv.org.
    • Handle: RePEc:arx:papers:2503.00391
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    1. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(1), pages 83-116.
    2. Gary S. Becker, 1981. "A Treatise on the Family," NBER Books, National Bureau of Economic Research, Inc, number beck81-1, May.
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