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Measuring Factor Abundance Across Many Factors and Countries

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  • Farhad Rassekh
  • Henry Thompson

Abstract

Empirical studies of factor proportion theory face the challenge of measuring factor abundance in a world with many factors of production and countries. This paper introduces a mean weighted measure of factor abundance, and using data for nine factors and 33 countries, presents the resulting factor abundance rankings. These rankings, unlike others in the literature, are quite sensible. Further, there is a positive empirical link between factor abundance and factor content for each factor except agricultural labor. Copyright Kluwer Academic Publishers 2002

Suggested Citation

  • Farhad Rassekh & Henry Thompson, 2002. "Measuring Factor Abundance Across Many Factors and Countries," Open Economies Review, Springer, vol. 13(3), pages 237-249, July.
    • Handle: RePEc:kap:openec:v:13:y:2002:i:3:p:237-249
    DOI: 10.1023/A:1015291819981
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    References listed on IDEAS

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    1. Leamer, Edward E. & Levinsohn, James, 1995. "International trade theory: The evidence," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 26, pages 1339-1394, Elsevier.
    2. Donald R. Davis & David E. Weinstein, 2001. "An Account of Global Factor Trade," American Economic Review, American Economic Association, vol. 91(5), pages 1423-1453, December.
    3. Bowen, Harry P & Leamer, Edward E & Sveikauskas, Leo, 1987. "Multicountry, Multifactor Tests of the Factor Abundance Theory," American Economic Review, American Economic Association, vol. 77(5), pages 791-809, December.
    4. Henry Thompson, 1999. "Definitions of Factor Abundance and the Factor Content of Trade," Open Economies Review, Springer, vol. 10(4), pages 385-393, October.
    5. Trefler, Daniel, 1995. "The Case of the Missing Trade and Other Mysteries," American Economic Review, American Economic Association, vol. 85(5), pages 1029-1046, December.
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    Keywords

    factor abundance; factor proportion model;

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