We examine a two-sector real business cycle model with sector-specific externalities in the production of distinct consumption and investment goods. In addition, the household utility is postulated to exhibit no income effect on the demand for leisure. Unlike in the one-sector counterpart, we show that equilibrium indeterminacy can result with sufficiently high returns-to-scale in the productio...

Abstract. Starting from a general operator representation in the time-frequency domain, this paper addresses the problem of approximating linear operators by operators that are diagonal or band-diagonal with respect to Gabor frames. A characterization of operators that can be realized as Gabor multipliers is given and necessary conditions for the existence of (Hilbert-Schmidt) optimal Gabor mul...

Starting from a general operator representation in the time-frequency domain, this paper addresses the problem of approximating linear operators by operators that are diagonal or band-diagonal with respect to Gabor frames. A characterization of operators that can be realized as Gabor multipliers is given and necessary conditions for the existence of (Hilbert-Schmidt) optimal Gabor multiplier ap...

1 Background Total impact multipliers (TIMs) are factors derived from input–output analysis (IOA) that show the total, economy-wide attribution of impacts from production to one unit of final demand. One example is the attribution of greenhouse gas (GHG) emissions of all industries in an economy to the final demand of a particular product. This metric is called the carbon footprint of the produ...

A timely low-carbon transition will require a significant decline in fossil fuel production and consumption. This turn exposes the rest of economic sectors to risk reduced usability physical capital stocks via international network linkages. We propose apply simple measure assess extent which shocks might trigger underutilisation across countries productive (‘stranding multipliers’). Our result...

When a major technological innovation spreads out in both high-tech and middle/low-tech industries, new clusters appear, develop and grow at the expenses of “older” historical industrial sites. The literature has, under various labels, recognised three main stages of cluster development: an initial stage sparked by an initial exogenous, shock; a second stage driven by Marshall’s (1920) agglomer...

The purpose of this study is to provide an integrated analysis of water distribution on Maui and the cross-sectoral impacts of policies and regulations aimed at rejuvenating and sustaining the deep-rooted culture on the island. Since the water diversion system was implemented in 1876 on the island of Maui, there has been contention among local interest groups over the right way to manage and al...

Article history: Received 20 June 2014 Received in revised form 25 September 2014 Accepted 26 September 2014 Available online 5 October 2014 This paper investigates the time-varying impact of oil price uncertainty on stock prices in China using weekly data on ten sectoral indices over the period January 1997–February 2014. The estimation of a bivariate VAR-GARCH-in-mean model suggests that oil ...

Wheat growth is sensitive to temperature, but the effect of future warming on yield is uncertain. Here, focusing on China, we compiled 46 observations of the sensitivity of wheat yield to temperature change (SY,T, yield change per °C) from field warming experiments and 102 SY,T estimates from local process-based and statistical models. The average SY,T from field warming experiments, local proc...

This article is concerned with the question of whether Marcinkiewicz multipliers on R2n give rise to bilinear multipliers on R×R. We show that this is not always the case. Moreover, we find necessary and sufficient conditions for such bilinear multipliers to be bounded. These conditions in particular imply that a slight logarithmic modification of the Marcinkiewicz condition gives multipliers f...