P33 - Socialist Institutions and Their Transitions: International Trade, Finance, Investment, Relations, and AidReturn

Expanding imports and promoting balanced trade have been the direction China has been adhering to in recent years, and are also important measures for China to build an open domestic and international dual cycle development pattern. This paper incorporates the emissions of “three industrial wastes” into the production function, uses the Slack Based Measure model and the globally referenced Malmquist-Leuenberger index to measure the green total factor productivity of Chinese enterprises from 2002 to 2013 in order to measure enterprises’ green transformation development. Subsequently, it tests the green development effect of import trade from the perspective of import technology sophistication and import diversification. Afterwards, we discover that the improvement of import sophistication and import diversification can significantly promote enterprises’ green transformation, largely through spillover effects and intermediate import competition effects. Furthermore, the green development promotion effect of import trade is greatly heterogeneous. The research in this article provides beneficial insights for China’s economic opening-up and high-quality economic development.

This paper deals with the implementation of the inflation targeting regime in Poland. The study contributes to the discussion about opportunities and constraints of inflation targeting in the more advanced transitive economies. This analysis of monetary policy issues is based on an econometric investigation of the Polish inflation time series and on the estimation of the links between monetary policy instruments and inflation. In comparison with the Czech Republic, the Polish inflation targeting strategy faces more obstacles and limitations that are caused by the structural characteristics of Polish inflation and the country's less advanced money market.