GPT can be defined as "a technology that initially has much scope for improvement and evntually comes to be widely used …). Subsequently, as the scope of the technology is finally exhausted, its impact on growth will fade away. If, at that point, a new …

The usual way to evaluate the implications of new technology for economic growth is through growth accounting … technology (ICT) and the results have dominated thinking on the post-1995 growth resurgence in the United States (Oliner and …