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On dimensions of ecological economics

  • Baiocchi, Giovanni
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    A recent paper (Ecological Economics 69, 2010, pp. 1604–1609) has addressed the issues of dimensional homogeneity of equations and non-linear transformations of variables in economic and ecological economic models. The authors argued that logarithmic transformation cannot be used when variables are dimensional, presented several examples of purportedly incorrect use in applied economics and ecological economics publications, and concluded that these applications “make no sense.”

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    Article provided by Elsevier in its journal Ecological Economics.

    Volume (Year): 75 (2012)
    Issue (Month): C ()
    Pages: 1-9

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    Handle: RePEc:eee:ecolec:v:75:y:2012:i:c:p:1-9
    DOI: 10.1016/j.ecolecon.2012.01.016
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    1. Frankel, Jeffrey & Rose, Andrew K., 2003. "Is Trade Good or Bad for the Environment? Sorting Out the Causality," Working Paper Series rwp03-038, Harvard University, John F. Kennedy School of Government.
    2. Muhammad, Shahbaz & Muhammad, Nasir Malik & Muhammad, Shahbaz Shabbir, 2011. "Does economic growth cause terrorism in Pakistan?," MPRA Paper 35101, University Library of Munich, Germany, revised 30 Nov 2011.
    3. Ewing, Reid H., 1973. "Introducing dimensional analysis to the social sciences," Socio-Economic Planning Sciences, Elsevier, vol. 7(5), pages 533-543, October.
    4. Jevons, William Stanley, 1871. "The Theory of Political Economy," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number jevons1871.
    5. Ernest Adams & Robert Fagot & Richard Robinson, 1965. "A theory of appropriate statistics," Psychometrika, Springer;The Psychometric Society, vol. 30(2), pages 99-127, June.
    6. Weisz, Helga & Duchin, Faye, 2006. "Physical and monetary input-output analysis: What makes the difference?," Ecological Economics, Elsevier, vol. 57(3), pages 534-541, May.
    7. -, 2011. "The economics of climate change in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38620, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Johnson, Craig G., 1972. "Dimensional Analysis and the Interpretation of Regression Coefficients," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 7(01), pages 1399-1406, January.
    9. Peter-J Jost, 2011. "The Economics of Organization and Coordination," Books, Edward Elgar Publishing, number 13332, 10.
    10. Morse, Stephen, 2006. "Making development simple. The genetic deterministic hypothesis for economic development," Ecological Economics, Elsevier, vol. 56(1), pages 79-88, January.
    11. Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
    12. Richmond, Amy K. & Kaufmann, Robert K., 2006. "Is there a turning point in the relationship between income and energy use and/or carbon emissions?," Ecological Economics, Elsevier, vol. 56(2), pages 176-189, February.
    13. Stern, David I., 2010. "Between estimates of the emissions-income elasticity," Ecological Economics, Elsevier, vol. 69(11), pages 2173-2182, September.
    14. Pindyck, Robert S, 1979. "Interfuel Substitution and the Industrial Demand for Energy: An International Comparison," The Review of Economics and Statistics, MIT Press, vol. 61(2), pages 169-79, May.
    15. Mayumi, Kozo & Giampietro, Mario, 2010. "Dimensions and logarithmic function in economics: A short critical analysis," Ecological Economics, Elsevier, vol. 69(8), pages 1604-1609, June.
    16. Shone,Ronald, 2002. "Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521017039, April.
    17. N/A, 2011. "Multipolarity: The New Global Economy," Foreign Trade Review, Indian Institute of Foreign Trade, vol. 46(3), pages 89-106, October.
    18. York, Richard & Rosa, Eugene A. & Dietz, Thomas, 2003. "STIRPAT, IPAT and ImPACT: analytic tools for unpacking the driving forces of environmental impacts," Ecological Economics, Elsevier, vol. 46(3), pages 351-365, October.
    19. Jesus Felipe, 1998. "On the interpretation of coefficients in multiplicative-logarithmic functions: a reconsideration," Applied Economics Letters, Taylor & Francis Journals, vol. 5(6), pages 397-400.
    20. Congleton, Roger D, 1992. "Political Institutions and Pollution Control," The Review of Economics and Statistics, MIT Press, vol. 74(3), pages 412-21, August.
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