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Let be an invertible operator. From the 1940’s, Gelfand, Hille and Wermer investigated the invariant subspaces of by analyzing the growth of , where . In this paper, we study the invariant subspaces of by estimating the growth of , where and is a nonzero complex constant. The key ingredient of our approach is introducing the notion of shift representation operators, which is based on the Rosenblum operators. In addition, by employing shift representation operators, we provide an equivalent of the Invariant Subspace Problem via the injectivity of certain Hankel operators.

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