Look up: Hicks-neutral


  1. Hicks-neutral
    Said of a technological change or technological difference if production functions differ by scaling of output only: F2(V)=lF1(V), where F1(·) and F2(·) are the production functions being compared, V is a vector of factor inputs, and l>0 is a constant.
    Found op http://www-personal.umich.edu/~alandear/glossary/h.html

  2. Hicks-neutral
    An attribute of an effectiveness variable in a production function. The attribute is that it does not affect labor differently from the way it affects capital. The canonical example is the Solow model production function Y=AF(K,L). There Y is output, L labor, K capital, F a production variable, and ...
    Found op http://www.econterms.com/glossary.cgi?query=Hicks-neutral

  3. Hicks-neutral
    Said of a technological change or technological difference if production functions differ by scaling of output only: F2(V)=lF1(V), where F1(·) and F2(·) are the production functions being compared, V is a vector of factor inputs, and l>0 is...
    Found op http://www-personal.umich.edu/~alandear/glossary/h.html

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