C30 - Multiple or Simultaneous Equation Models; Multiple Variables: GeneralReturn

To better promote the transformation of the economic development mode and improve technological innovation, the Chinese central government adjusted the performance assessment criteria for local officials. This study explores whether the government green performance assessment can serve to promote technological innovation. Data from 288 Chinese cities from between 2009 and 2018 is taken as the sample and the fixed effects model is utilized as the methodology. The findings show that the government green performance assessment has significant direct and long-term effects on technological innovation. The promotion of technological innovation is more evident in industry-oriented, low-pollution, and center groups, in addition to among veteran, high-education, and senior groups. Proposed policy recommendations include establishing a performance system that emphasizes short and long-term effects, and developing performance standards that are tailored to local conditions.

The inflow of foreign direct investment (FDI) is linked to several positive effects, which result in growing gross domestic product (GDP) and reduced unemployment rate in the host country. The level of GDP and the unemployment rate determine the FDI inflow, but contrariwise, FDI inflow has an impact on these variables. In the paper, we investigate which of these variables is the impulse and which is consequently determined by the impulse variable. The objective of the paper is to examine the length of the FDI effect in a host economy as well as the impact of FDI inflow on the unemployment rate using vector autoregression and impulse-reaction functions. Based on results of the Granger causality, we analyse linkages between FDI inflow, unemployment rate and GDP growth in the Slovak Republic in the period 1995-2018. The results show that the impulse comes from the unemployment rate, which consequently affects the FDI inflow. However, the length of this effect is very short.

An assumption that a central bank can influence the real interest rates is the object of our interest. In the paper we form and solve a model which corresponds to Romer's (2000) assumptions. Our model is IS-LM augmented by a conception of price-adjusting after monetary intervention and inflation expectations. A monetary policy rule is derived from the model. Moreover, it offers a demonstration of economic behaviour by different economic assumptions of different economic schools, similar to one in the book of Heijdra (2002).