Choi, Jai-Young; Yu, Eden S H - In: Economica 54 (1987) 214, pp. 249-53
This paper analyzes the implications of three types of technical progress on outputs in a variable returns-to-scale framework. It is shown that Hicks-ne utral technical improvement is ultra-biased in production regardless of the direction and severity of the returns to scale. The output eff ect...
