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What Happens When the Technology Growth Trend Changes?: Transition Dynamics, Capital Growth and the "New Economy"
The paper considers the transition dynamics associated with the rapid increase in U.S. economic growth during the late 1990s, which inspired speculation that an acceleration in the rate of technological progress had given rise to an increase in potential output growth.
Link
http://research.stlouisfed.org/wp/2001/2001-020.pdf