North-South: Comparative Living Standards and Economic Exchanges

Environmental Product Standards in North-South Trade

One channel through which environment is damaged is consumption. To protect environment, various product standards are introduced all over the world. By using a new economic geography framework, this paper explores the effects of environmental product standards on environment in a North-South trade model. We examine a situation in which North unilaterally introduces an environmental product sta...

Sustainable Standards of Living and Adaptive Economizing in Economic Growth‡§

We consider economic growth in the presence of a minimal survival consumption level when preferences are lexicographic giving highest priority to the survival of the current and then all future generations. Knowledge of production is incomplete so future output made possible by current saving must be estimated. The resulting capital accumulation path is compared with the inter–temporally optima...

North–north, North–south, and South–south Relations

Labor Standards and Local Economic Development— Do Living Wage Provisions Harm Economic Growth?

In times of economic crisis, state and local governments increasingly turn to economic development incentive programs to jumpstart job growth. However, recent efforts to attach minimum labor standards to incentives are seen as a threat to traditional practice. Critics of such “business assistance living wage” laws assert that they may reduce employment or redevelopment activity. This paper meas...

The North-South Divide: Regional Economic Inequality in Contemporary Italy