I should name the last cycle the "Monetary Creation Cycle" as I believe most of the gains are and will be driven by the massive amounts of money creation which will create ever diminishing returns in productivity rather than massive increases of productivity. If I were to just throw a number out, I would say it's 50/50.
50% true increase production and production efficiency and 50% simple massive monetary creation (think of that like fudging the numbers). And it is exactly that second reason that will lead to the 2039 crash and bank liquidation and debt liquidation event.