# Economics and Finance

## 1502 Submissions

[2] **viXra:1502.0166 [pdf]**
*submitted on 2015-02-19 14:15:59*

### Why and How Usl1 Roughly Halves the GDP (Per Capita) Growth Doubling Time? for the Cases of the World, Oecd, and the U.s.a.

**Authors:** Dongchan Lee

**Comments:** 4 Pages. first draft

In this paper, as the first part of BOEC series, we compiled several different ways to show how USL1 can roughly halve the GDP (per capita) growth rates of countries, or equivalently speaking, how USL1 roughly double their growth rates. The first and easiest one simply focuses on the world average, which is about 3.5% and the U.S.A. or OECD average GDP growth rate, which is about 2.5% for the past 5 years or so. We compare the results with the projections by Hanushek-Woessmann from the UNESCO paper simulation. The Hanushek-Woessmann simulated projection growth values seem about 25-30% less than those from our simplified estimation values.

**Category:** Economics and Finance

[1] **viXra:1502.0165 [pdf]**
*submitted on 2015-02-19 14:28:05*

### Why and How Usl1 Can Halve the GDP Growth Doubling Time (Or Double the Growth Rates)? (Version 1)

**Authors:** Dongchan Lee

**Comments:** 11 Pages.

In this paper, as the second paper of BOEC series, we show why and how USL1 can induce the (Real) GDP per capita growth rates as well as the (Real) GDP growth rate by halving the GDP (per capita) growth doubling time. An equivalent statement to this is roughly doubling the GDP growth rates. The presentations in each part will become increasingly more detailed or sophisticated in this paper. We present this by first simply estimating by adding 1% (after USL 0.5) or 2% (after USL1) etc. on the baseline growth rates. We first demonstrate that the USL doubling the GDP growth rates for the average world GDP, OECD average, the U.S.A., and Sub-Saharan Africa. They are the rough estimations, but they seem to fit reasonably well. Secondly, we use a bit more sophisticated algorithm adapted from the paper by Hanushek-Woessmann to visually demonstrate that USL1 roughly halving the (Real) GDP growth doubling time. Then we project the various scenarios for the baseline (Real or nominal) GDP (per capita or not) growth rates from 0.5% up to 7%. We didn´t include beyond the 7% because the USL1´s halving the doubling time error bars will be too big after then in most cases.

**Category:** Economics and Finance