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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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Suggested Citation

  • 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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