Porous silicon has attracted considerable scientific interest ever sin
ce the recent discovery of visible photoluminescence. We present a rev
iew of the theoretical work done on this material, We describe the cla
ssical theories and computer simulations of the growth of this brittle
, spongy structure. The electronic structure calculations based on fir
st principles local density approximation as well as semi-empirical me
thodologies are outlined. Phenomenological models for photoluminescenc
e, its broad lineshape, decay and temperature dependence and excitonic
effects on optical behavior are reviewed. Rudimentary theories of ele
ctroluminescence, transport and quantum efficiency are also described.
A unified, consistent theoretical framework appears to be a distant g
oal. Broad suggestions for further theoretical work are outlined.