Factor abundance
1.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.
2.Factor abundance is the resource richness of nations. In a two-factor model, where the factors are capital and labor, the factor abundance of one nation is defined by the relative endowment of capital to labor in the nation relative to another nation or nations. The relative aspect of factor abundance is important.
3.Factor abundance is a bilateral concept in factor proportions trade theory that has no definition when there are many countries and various factors of production. The present paper proposes a general definition, the Euclidean distance to the intersection of abundance rays with unit hyperplanes. Distance factor abundance is compared with other measures using a data set from the literature.
SсiеnceDirekt. 30 April (2005). Empirical factor abundance with many factors and countries. https://www.sciencedirect.com/science/article/abs/pii/S1059056005000274
International Economics, Twelfth Edition Study Guide/Chapter 5 Factor Endowments and the Heckscher-Ohlin Theory. https://online.universita.zanichelli.it/salvatore/files/2016/06/Salvatore_study-guide_ch05.pdf
A distance measure of factor abundance with many factors and many countries. Retired from: http://webhome.auburn.edu/~thomph1/abundmj&frweb.htm