(BOEC Working Paper Series No. 2) Why and how USL1 can halve the GDP growth doubling time (or double the growth rates)? (Version 1)

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 (percapita) growth doubling time. An equivalent statement to this is roughly doubling the GDP growthrates. The presentations in each part will become increasingly more detailed or sophisticated inthis paper. We present this by first simply estimating by adding 1% (after USL 0.5) or 2% (afterUSL1) etc. on the baseline growth rates. We first demonstrate that the USL doubling the GDPgrowth rates for the average world GDP, OECD average, the U.S.A., and Sub-Saharan Africa. Theyare the rough estimations, but they seem to fit reasonably well. Secondly, we use a bit moresophisticated algorithm adapted from the paper by Hanushek-Woessmann to visually demonstratethat USL1 roughly halving the (Real) GDP growth doubling time. Then we project the variousscenarios for the baseline (Real or nominal) GDP (per capita or not) growth rates from 0.5% up to7%. We didn´t include beyond the 7% because the USL1´s halving the doubling time error bars willbe too big after then in most cases