Title: Dimensional Analysis in Economics: A Study of the Neoclassical Economic Growth Model,
Abstract: 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.