Journalartikel

Jahr der Veröffentlichung: 1996

Seiten: 31-57

Zeitschrift: Zeitschrift für Wirtschafts- und Sozialwissenschaften

Bandnummer: 116

Heftnummer: 1

DOI Link: https://doi.org/10.3790/schm.116.1.31

Verlag: Duncker & Humblot

Abstract: 

Different concepts of hysteresis utilized in economics are compared. „Real" micro- and macroeconomic hysteresis occurs in the case of multibranch-nonlinearity, i.e. temporary exogenous shocks lead to switches between different „branches" of an entire relationship. The relation represented by a single currently valid branch is locally stable, but in the case of a branch-to-branch-transition a local structural instability occurs. Contrarily, persistence characteristics of dynamic systems of first order difference equations with unit-roots - called „quasi"-hysteresis - are shown to be based on a global indifference-instability of the system.

Harvard-Zitierstil: Göcke, M. (1996) Formen ökonomischer Hysteresis, Zeitschrift für Wirtschafts- und Sozialwissenschaften, 116(1), pp. 31-57. https://doi.org/10.3790/schm.116.1.31

APA-Zitierstil: Göcke, M. (1996). Formen ökonomischer Hysteresis. Zeitschrift für Wirtschafts- und Sozialwissenschaften. 116(1), 31-57. https://doi.org/10.3790/schm.116.1.31