Hicks-neutral technical progress

Updated: Aug 20, 2021

Technical progress where with any given factor proportions the average and marginal products of all factors increase in the same proportion.

See also Harrod-neutral technical progress.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.