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Hysteresis in Economic Relationships: An Overview

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  • Franz, Wolfgang

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.
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  • Franz, Wolfgang, 1990. "Hysteresis in Economic Relationships: An Overview," Empirical Economics, Springer, vol. 15(2), pages 109-125.
    • Handle: RePEc:spr:empeco:v:15:y:1990:i:2:p:109-25
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    1. Olivier J. Blanchard & Lawrence H. Summers, 1986. "Hysteresis and the European Unemployment Problem," NBER Chapters, in: NBER Macroeconomics Annual 1986, Volume 1, pages 15-90, National Bureau of Economic Research, Inc.
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    11. Franz, Wolfgang, 1983. "The past decade's natural rate and the dynamics of german unemployment: A case against demand policy?," European Economic Review, Elsevier, vol. 21(1-2), pages 51-76.
    12. van de Klundert, T.C.M.J. & van Schaik, A.B.T.M., 1989. "Unemployment persistence and loss of productive capacity : A Keynesian approach," Other publications TiSEM c0b1af87-3e70-4128-8c48-c, Tilburg University, School of Economics and Management.
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