  This paper presents a new nested production function that is specifically
designed for analyzing capital and labor intensity of manufacturing industries
in developing and developed regions. The paper provides a rigorous theoretical
foundation for this production function, as well as an empirical analysis of
its performance in a sample of industries. The analysis shows that the
production function can be used to accurately estimate the level of capital and
labor intensity in industries, as well as to analyze the capacity utilization
of these industries.
