On dimensions of ecological economics
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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- 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.
- 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.
- 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.
- 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.
- Ernest Adams & Robert Fagot & Richard Robinson, 1965. "A theory of appropriate statistics," Psychometrika, Springer;The Psychometric Society, vol. 30(2), pages 99-127, June.
- Stern, David I., 2010. "Between estimates of the emissions-income elasticity," Ecological Economics, Elsevier, vol. 69(11), pages 2173-2182, September.
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