Hicks-neutral technical change - Wikipedia
Hicks-neutral technical change is change in the production function of a business or industry which satisfies certain economic neutrality conditions. The concept of Hicks neutrality was first put forth in 1932 by John Hicks in his book The Theory of Wages.[1] A change is considered to be Hicks neutral if the change does not affect the balance of labor and capital in the products' production function. More formally, given the Solow model production function a Hicks-neutral change is one which only changes 𝐴 .[2] This economics-related article is a stub. You can help Wikipedia by expanding it.
Hicks-neutral technical change - Wikipedia Jump to content From Wikipedia, the free encyclopedia Type of technical change in a production function This article may be too technical for most readers to understand . Please help improve it to make it understandable to non-experts , without removing the technical details. ( March 2026 ) ( Learn how and when to remove this message ) Hicks-neutral technical change , which plays an important role in growth theory , [ 1 ] [ 2 ] is a technical change in the production function of a business or industry that increases the marginal product of the product
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