Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A simple two-sector model of the economy, in which moving costs prevent the marginal product of labor to be equalized across sectors, predicts that immigration...

This paper studies how the Trans-Pacific region affects the US economy in terms of business cycle transmission. We use a large dataset consisting of disaggregated sectoral industrial production indexes from selected countries in the region and employ a factoraugmented vector autoregression (FAVAR) approach to analyze the transmission of shocks in different industries. We find that a positive ou...

This paper addresses the question whether the results of input-output (IO) impact analyses differ (and to what extent) when a framework in current prices or in constant prices is used. We consider the effect of an exogenous stimulus of final demand in current prices on (a) gross output in constant prices, and (b) employment. In an empirical application to Denmark, we found that all predicted ef...

In this paper, we first show that the tensor product of a finite number of standard g-frames (resp. fusion frames, frames) is a standard g-frame (resp. fusion frame, frame) for the tensor product of Hilbert $C^ast-$ modules and vice versa, then we consider tensor products of g-Bessel multipliers, Bessel multipliers and Bessel fusion multipliers in Hilbert $C^ast-$modules. Moreover, we obtain so...

Using a panel of OECD and non-OECD economies, we estimate the effects three types government expenditure (compensation employees, use goods services investment) social benefits on output, private consumption investment. In find that compensation employees investment generate significantly positive multipliers, whereas does not. However, only multipliers are found higher during recessions for ho...

Environmentally extended input-output analysis (EEIOA) has long been used to quantify global and regional environmental impacts and to clarify emission transfers. Structural path analysis (SPA), a technique based on EEIOA, is especially useful for measuring significant flows in this environmental-economic system. This paper constructs an imports-adjusted single-region input-output (SRIO) model ...

In this paper we shall study the multipliers on Banach algebras and We prove some results concerning Arens regularity and amenability of the Banach algebra M(A) of all multipliers on a given Banach algebra A. We also show that, under special hypotheses, each Jordan multiplier on a Banach algebra without order is a multiplier. Finally, we present some applications of m...

We propose several all-pass spectrally-periodic optical structures composed of simple optical cavities for the implementation of repetition rate multipliers of periodic pulse train with uniform output train envelope by phase-only filtering, and analyze them in terms of robustness and accuracy.

What is the impact of fiscal policy on the economy? How large are the “multipliers” of government spending and tax cuts? This old question has recently received considerable attention, in particular in the context of the American Recovery and Reinvestment Act (ARRA) of 2009. I contribute to answering that question by calculating fiscal multipliers in a baseline neoclassical growth model with en...

Research on the international comparison of productivity has gained significant interest throughout several previous decades. Relatively little work has however been done in the real estate sector. This paper aims to develop a new productivity measurement framework for the international comparison of the real estate sector based on the newly-published OECD input-output database. Three multifact...