The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Computer Industry

  • Shane Greenstein
Reference work entry


Commercial computing has grown to include an extraordinary range of economic undertakings. In any given era, computing markets are organized around platforms – a cluster of technically standardized components that buyers use together to make the wide range of applications. There has been an increasing secular trend in the number of firms that possess the necessary technical knowledge and commercial capabilities to bring to market some component or service. While general improvements in technical capabilities are readily apparent, it is quite difficult to calculate the productivity improvements arising from increased investment in and use of computing.


Computer industry Economic growth Information technology Innovation Moore’s law 

JEL Classifications

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Shane Greenstein
    • 1
  1. 1.