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Göcke, M. Formen ökonomischer Hysteresis. Journal of Contextual Economics – Schmollers Jahrbuch, 116(1), 31-57. https://doi.org/10.3790/schm.116.1.31
Göcke, Matthias "Formen ökonomischer Hysteresis" Journal of Contextual Economics – Schmollers Jahrbuch 116.1, 1996, 31-57. https://doi.org/10.3790/schm.116.1.31
Göcke, Matthias (1996): Formen ökonomischer Hysteresis, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 116, iss. 1, 31-57, [online] https://doi.org/10.3790/schm.116.1.31

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Formen ökonomischer Hysteresis

Göcke, Matthias

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 116 (1996), Iss. 1 : pp. 31–57

1 Citations (CrossRef)

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Göcke, Matthias

Cited By

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    2021

    https://doi.org/10.1007/978-3-030-62605-1_3 [Citations: 0]

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.