Total Factor Productivity . Analytical Exercises. Simple vs. Compound Interest Rate. If you have a time deposit and receive a simple interest rate, then, after 1 year, your account will increase by the interest rate.
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CRTS implies βt = 1-αt, Price taking implies 1-αt is labor’s share of income.
So we only need to know start and stop values to calculate Growth Accounting. Results, not much different.