Dimensional Analysis in Economics: A Study of the Neoclassical Economic Growth Model

被引:0
|
作者
Texocotitla, Miguel Alvarez [1 ]
Alvarez-Hernandez, M. David [2 ]
Alvarez-Hernandez, Shani Eneida [3 ]
机构
[1] Univ Autonoma Metropolitana Iztapalapa, Dept Econ, Ciudad De Mexico, Mexico
[2] Univ Autonoma Metropolitana Iztapalapa, Dept Phys, Ciudad De Mexico, Mexico
[3] Univ Autonoma Metropolitana Iztapalapa, Dept Math, Ciudad De Mexico, Mexico
关键词
Dimensional analysis; mathematical economics; economic growth models; econophysics;
D O I
10.1177/0260107919845269
中图分类号
F [经济];
学科分类号
02 ;
摘要
The fundamental purpose of the present research article is to introduce the basic principles of dimensional analysis in the context of the neoclassical economic theory, in order to apply such principles to the fundamental relations that underlay most models of economic growth. In particular, basic instruments from dimensional analysis are used to evaluate the analytical consistency of the neoclassical economic growth model. The analysis shows that an adjustment to the model is required in such a way that the principle of dimensional homogeneity is satisfied. JEL: A12, C02, C65, O40
引用
收藏
页码:123 / 144
页数:22
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