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.
KeywordsComputer industry Economic growth Information technology Innovation Moore’s law
- Brensnahan, T., and F. Malerba. 1999. Industrial dynamics and the evolution of firm’s and nations’ competitive capabilities in the world computer industry. In Sources of industrial leadership, ed. D. Mowery and R. Nelson. Cambridge, UK: Cambridge University Press.Google Scholar
- Flamm, K. 2003. The new economy in historical perspective: Evolution of digital electronics technology. In New economy handbook, ed. D. Jones. San Diego: Academic Press/Elsevier.Google Scholar
- Greenstein, S. (ed.). 2006. The industrial economics of computing. Northampton: Edward Elgar.Google Scholar
- Jorgenson, D., and C. Wessner (eds.). 2005. Deconstructing the computer: Report of a symposium. Washington, DC: National Academies Press.Google Scholar
- McKinsey Global Institute. 2001. U.S. productivity growth, 1995–2000: Understanding the contribution of information technology relative to other factors. Washington, DC: McKinsey and Co.Google Scholar