Acta Oeconomica Pragensia, 2014 (vol. 22), issue 5
Czech national bank's influence on the quantity of money in the economy
Zbyněk Revenda
Acta Oeconomica Pragensia 2014, 22(5):3-17 | DOI: 10.18267/j.aop.449 
The latest financial crisis, among other consequences, has led to significant reductions in bank lending. Because cashless bank loans granted to non-bank clients are the dominant way of issue of money into the economy, reducing of them influenced also deflationary pressures. Central banks have tried to respond by expansionary monetary policy in the form of purchases of debt securities from banks and interest rate cuts. However, without any significant effect. Banks did not use a higher quantity of money in the banking system to order to increase granting of loans into the economy. We could observe the similar problems in the Czech Republic. Analysis...
Knowledge economy in central and eastern european countries - a route to competitiveness?
Štěpán Horký, Luděk Kouba
Acta Oeconomica Pragensia 2014, 22(5):18-40 | DOI: 10.18267/j.aop.450
The paper deals with the state and development of knowledge economy in Central and Eastern European (CEE) countries and its contribution to national competitiveness. The main goal is to discuss whether a relationship between the level of knowledge economy and macroeconomic competitiveness can be found. This is evaluated and confirmed by correlation between the Knowledge Economy Index and the Global Competitiveness Index among the EU member states. The same procedure of evaluation is conducted for Central and Eastern European member countries, confirming the relationship, though giving a lower correlation coefficient. Considering the fact that the CEE...
Migration Policy as a Precondition for a Common Labour Market in the European Union
Cristina Procházková Ilinitchi
Acta Oeconomica Pragensia 2014, 22(5):41-53 | DOI: 10.18267/j.aop.451
Beside the free movement of capital, goods and services, the right to free movement is an essential part of the single European market. A genuine European labour market implies the free movement of all workers, including those who are not EU citizens. The paper explores the background and the current state of the EU common migration policy towards non-EU citizens. The paper deals with two dimensions of migration policies - admission and mobility within the EU area. The aim of the paper is to answer the question whether a common labour market can be considered accomplished while the conditions of entry and mobility for third-country nationals substantially...
Effectiveness of the advertising targeted to children regulation and self-regulation with focus on food industry
Markéta Lhotáková, Květa Olšanová
Acta Oeconomica Pragensia 2014, 22(5):54-70 | DOI: 10.18267/j.aop.452
The article deals with the effectiveness of current regulation and self-regulation of food advertising targeted to children. The objective of the article is to examine the degree of functionality and efficiency of the current status to ensure meaningful regulation on food advertising aimed at children in the Czech Republic as one of the possible causes of rising obesity and overweight. To better understand the relations between all the institutions involved in regulatory and self-regulatory process in the Czech Republic, we have developed model of these relations. We also studied the impact of European institutions that influence the Czech model. In...
Peculiarities of selection of investment artworks
Daiva Jurevičienė, Božena Kostecka
Acta Oeconomica Pragensia 2014, 22(5):71-88 | DOI: 10.18267/j.aop.453
The article deals with the art market and key dimensions of investment in art and distinguishes the peculiarities of selection of artworks for investment purposes, covering the main features of the art market. Methodologies of composition of art price indices are analysed. An art market trend analysis is conducted based on statistical data and variations of the Artmarket Global index for the last decade. Using the ARIMA forecasting method, the forecast of artwork price changes in 2014-2015 is conducted. The forecast is presented for the aggregate Artmarket Global index and for different art movements (old masters, impressionism and post-impressionism,...
Gender pay gap in private and public sectors of the Czech republic
Hana Vlachová
Acta Oeconomica Pragensia 2014, 22(5):89-100 | DOI: 10.18267/j.aop.454
The gender pay gap is a phenomenon caused by discrimination on the labour market with a negative impact on women's lives. It can be used as a measuring tool to determine equality of men and women in a society. It can be different in various countries because of different ways of life, economic or political systems. There are several theories to explain the gender pay gap. The article deals with the issue of the gender pay gap and focuses on this issue in the private and public sectors of the Czech Republic. It uses freely available resources from the Czech Statistical Office and the Ministry of Labour and Social Affairs. The goal of the article is...