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A New Production Function Approach

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  • Samidh Pal

Abstract

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.

Suggested Citation

  • Samidh Pal, 2023. "A New Production Function Approach," Papers 2303.14428, arXiv.org.
    • Handle: RePEc:arx:papers:2303.14428
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    File URL: http://arxiv.org/pdf/2303.14428
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    References listed on IDEAS

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    1. Eric Bartelsman & John Haltiwanger & Stefano Scarpetta, 2009. "Measuring and Analyzing Cross-country Differences in Firm Dynamics," NBER Chapters, in: Producer Dynamics: New Evidence from Micro Data, pages 15-76, National Bureau of Economic Research, Inc.
    2. Abdur Chowdhury & George Mavrotas, 2006. "FDI and Growth: What Causes What?," The World Economy, Wiley Blackwell, vol. 29(1), pages 9-19, January.
    3. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
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    Cited by:

    1. Samidh Pal, 2023. "Causes of Excess Capacity," Papers 2304.02137, arXiv.org.

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