On the Normalization of Dimensioned Variables

14 Pages Posted: 27 Dec 2013

See all articles by Deepak V. Malghan

Deepak V. Malghan

Indian Institute of Management (IIMB), Bangalore

Hema Swaminathan

Indian Institute of Management (IIMB), Bangalore

Date Written: December 26, 2013

Abstract

We attempt to resolve the central dispute in recent debates on dimensional consistency of economic and ecological variables in ecological economics (Mayumi and Giampietro, 2010; Malghan, 2011; Chilarescu and Viasu, 2012; Baiocchi, 2012). Using canonical examples from ecology and economics, we demonstrate that the well-established procedures of normalization and nondimensionalization can be used to circumvent the technical problem of dimensional consistency of ecological economics models. However, we also show how normalization does not directly address the problem of mapping between cardinal and ordinal variables that is the primary source of dimensional consistency problems in ecological economics.

Keywords: Dimensional consistency, Normalization and nondimensionalization, Cardinal

Suggested Citation

Malghan, Deepak V. and Swaminathan, Hema, On the Normalization of Dimensioned Variables (December 26, 2013). IIM Bangalore Research Paper No. 441. Available at SSRN: https://ssrn.com/abstract=2371986

Deepak V. Malghan (Contact Author)

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Hema Swaminathan

Indian Institute of Management (IIMB), Bangalore ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

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