Dimensional Analysis in Economics: A Study of the Neoclassical Economic Growth Model
@article{Texocotitla2019DimensionalAI,
title={Dimensional Analysis in Economics: A Study of the Neoclassical Economic Growth Model},
author={Miguel {\'A}lvarez Texocotitla and M. David {\'A}lvarez-H{\'e}rnandez and Shan{\'i} Eneida Alvarez-Hern{\'a}ndez},
journal={Journal of Interdisciplinary Economics},
year={2019},
volume={32},
pages={123 - 144}
}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…
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