Article ID Journal Published Year Pages File Type
5084337 International Review of Economics & Finance 2007 13 Pages PDF
Abstract
Factor abundance is a two-dimensional concept that is awkward for data with numerous factors of production and many countries. The present paper introduces and utilizes a high-dimensional measure of factor abundance, the Euclidean distance to the intersection of an endowment ray with the unit hyperplane. Standard factor abundance is a special case of this distance abundance measure. Using a familiar data set, distance abundance outperforms share and world abundance in predicting factor content.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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