Terms of trade, ecologically unequal exchange and environmental problems in developing economies

HIGHLIGHTS

• What: The authors propose a two-sector linear production model and demonstrate that a decrease in the organic composition of capital and an increase in the rate of surplus value in a sector will lead to a relative price decrease and value transfer out of that particular sector as well as increasing the environmental costs of trade. Originality/value - By introducing the theory of unequal exchange or value transfer into the analysis of ecological unequal exchange the authors provide a mathematical framework for analyzing ecological unequal exchange and a method for calculating the scale of ecological unequal . . .
  

   

  

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