De volta para o passado histerese e estagnação na economia brasileira

This article seeks to summarize the state of the art in terms of hysteresis concepts and models, as developed from the arguments of endogeneity and heterogeneous discontinuities. It will seek to clarify the definition and the use of the term, as well as to demonstrate how to build the canonical mode...

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Detalhes bibliográficos
Autores: Fagotti, Vinicius, Arend, Marcelo
Tipo de documento: artigo
Estado:Versão publicada
Data de publicação:2024
País:Brasil
Recursos:Universidade de São Paulo (USP)
Repositório:Estudos Econômicos (São Paulo)
Idioma:português
OAI Identifier:oai:revistas.usp.br:article/214301
Acesso em linha:https://www.revistas.usp.br/ee/article/view/214301
Access Level:Acceso aberto
Palavra-chave:Hysteresis
Models of hysteresis
Economic stagnation
Brazilian economy
Histerese
Modelos de histerese
Estagnação econômica
Economia brasileira
Descrição
Resumo:This article seeks to summarize the state of the art in terms of hysteresis concepts and models, as developed from the arguments of endogeneity and heterogeneous discontinuities. It will seek to clarify the definition and the use of the term, as well as to demonstrate how to build the canonical model of hysteretic dynamics, based on non-ideal relays. The particular attributes that distinguish hysteresis from other concepts related to path dependence will also be outlined, and their basic mechanics, based on nonlinearities, selectivity and remanence, will be geometrically illustrated. The article’s final aim is to use the framework built from hysteresis to propose a new, structure-aware, interpretation regarding Brazil’s economic stagnation.