Hysteresis

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Hysteresis

Used to characterize a lagging effect. Firms may fail to enter markets that appear attractive, or firms that are once invested in a market may persist in operating at a loss. The effect is characteristic of investments with high entry and exit costs along with high uncertainty.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Hysteresis

In economics, a situation or indicator that persists despite evidence that it should not. For example, the unemployment rate tends to remain high even after GDP growth has resumed, in part because business owners are afraid that growth will turn negative again even if they have no rational reason for believing so. One may think of hysteresis as an economy's collective memory. See also: Lagging indicator.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Como resultado del acumulado historico de las diferencias de diversidad, complementariedad y oclusion, el fenomeno resultante es la histeresis metropolitana que conviene a un estado perenne de la urbanizacion de la poblacion donde las grandes aglomeraciones--las metropolis--tienden a ser cada vez mas grandes; es decir a aportar una porcion estable y creciente de la poblacion al sistema urbano, asi se intente transgredir la oclusion con politicas desconcentradoras.
McDonough y Polzer (2012) rastrean la nocion de histeresis en el cambio organizacional en el sector publico y Sieweke (2014) revisa la aplicacion de la teoria de Pierre Bourdieu a los denominados management and organization studies (MOS).