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Output augmenting |
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Output augmentingSaid of a technological change or technological difference if one production function produces a scalar multiple of the other. Also called Hicks neutral.Similar MatchesFactor augmentingFactor augmentingSaid of a technological change or technological difference if production functions differ by scaling of a factor input only: F2(V1,V2)=F1(lV1,V2), where F1(·) and F2(·) are the production functions being compared, V1 is the factor being augmented, V2 is a vector of all other factor inputs, and l is a constant. Labor augmentingLabor augmentingSaid of a technological change or technological difference if one production function produces the same as if it were the other, but with a larger quantity of labor. Same as factor augmenting with labor the augmented factor. Also called Harrod neutral. Capital augmentingCapital augmentingSaid of a technological change or technological difference if one production function produces the same as if it were the other, but with a larger quantity of capital. Same as factor augmenting with capital the augmented factor. Also called Solow neutral. |
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