Authors: Dongchan Lee
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.
Comments: 4 Pages. first draft
[v1] 2015-02-19 14:15:59
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