On an approximate identity of Ramanujan (Q1109802)

In his second notebook, Ramanujan wrote that \[ 1-qx/(1+q^ 2/(1-q^ 3x/(1+q^ 4/(1-q^ 5x/(1+.. = q/(x+q^ 4/(x+q^ 8/(x+q^{12}/(x+..\quad nearly. \] This paper explains the relationship between these continued fractions and shows that for \(x>0\), their difference is asymptotically \(\exp (-c(x)/(1-q))\) as \(q\to 1^-\) where c(x) is monotone decreasing with \(c(0)=\pi^ 2/4\), \(c(1)=\pi^ 2/5\), and in general c(x) can be expressed in terms of the dilogarithm.