Hysteresis in economic relationships: An overview

Wolfgang Franz

No 104, Discussion Papers, Series II from University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy"

Abstract: This paper provides an overview of the hysteresis phenomenon in economics. After a brief formal statement the origins of this principle are outlined. Hysteresis in economic relationships is then discussed with special reference to industrial economics in an international setting and to labour economics. The paper concludes with an overview of papers to be published in a forthcoming special issue of the journal "Empirical Economics" (1990), for which this survey has been written as an introductory chapter.

Date: 1990
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