![Empirical factor abundance with many factors and countries [An article from: International Review of Economics and Finance]](https://www.ebooknetworking.net/books/B00/0PD/bigB000PDTJL8.jpg)
Empirical factor abundance with many factors and countries [An article from: International Review of Economics and Finance]
Price not available for France
You can still browse on Amazon. Try another country above.
Book Details
Ratings & Reviews
No reviews yet — be the first!
No reviews yet.
Description
This digital document is a journal article from International Review of Economics and Finance, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
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.
Description:
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.
