Yuriy M. Derev’yanko, Olha A. Lukash, Olena V. Kyrychenko
Modern Approaches to the Hysteresis Analysis in Economic Systems and EU experience
(original language – English)
https://doi.org/10.21272/mer.2018.79.03
The article analyses the hysteresis methods of analysis of economic systems. The causes and consequences of hysteresis are considered. The spheres of hysteresis manifestation, their common and distinctive features are analysed. The role of the phenomenon of hysteresis in macroeconomics phenomena as well as in some other spheres of economic science has been determined. A generalizing analysis of hysteresis on the examples on micro- and macro-level its impact in various situations was conducted. The role of hysteresis on the example of cyclic phenomena in economic development is disclosed. The possibility of determining the common features of the manifestation of hysteresis in various cases on data from open sources is analysed. A comparative analysis of modern European studies in this area is conducted on the example of the some EU countries. A method of expanding the scope of hysteresis in the economy is proposed.
Key words: development, hysteresis, macroeconomics, models.
Placed in №1, 2018.
Affiliations:
Yuriy M. Derev’yanko, C.Sc. (Economics), Associated Professor of Department of Economics and Business-Administration, Sumy State University;
Olha A. Lukash, C.Sc. (Economics), Associated Professor of Department of Economics and Business-Administration, Sumy State University;
Olena V. Kyrychenko, Student of Oleg Balatskyi Academic and Research Institute of Finance, Economics and Management, Sumy State University
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