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Look up:
Hicks-neutral
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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
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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
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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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