Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5084337 | International Review of Economics & Finance | 2007 | 13 Pages |
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.
Keywords
Related Topics
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Economics, Econometrics and Finance
Economics and Econometrics
Authors
Myeongjoo Kang, Mostafa Malki, Farhad Rassekh, Henry Thompson,