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Editorial office of the journal E&M Economics and Management warns that there have recently emerged false offers promising mediation of publishing in our journal for a certain fee. Editorial office declares that we do not keep such cooperation. Every single review process is standartized and transparent. If you are interested in publishing with E&M, contact our editorial office directly. The journal does not have any intermediaries abroad.

References to literature

From 2016 the journal changes citation style to APA that uses for author's identification name and year of publication (e.g. Novák, 2014; Sixta & Žižka, 2009).

You may find details at http://www.library.cornell.edu/resrch/citmanage/apa. It is also possible to use citation generator at http://www.library.cornell.edu/resrch/citmanage/apa.

Choice of articles of current issue

KNOWLEDGE TRANSFER IN A KNOWLEDGE-BASED ECONOMY

Hana Urbancová, Lucie Vnoučková, Šárka Laboutková

The OECD member states passed through three fundamental development stages during the last century: from an industrial society in the first half of the 20th century to a post-industrial society and on to the developmental stage of the so-called new economy, which can be considered to involve the relatively long historical period of economic growth in the 1990s. The effects of the knowledge economy manifested themselves positively in the last decade of the 20th century and the significance of human capital as an essential factor for long-term economic growth was unequivocally confirmed (Kruss et al., 2015).
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LOCAL ECONOMIC IMPACT OF THE WHITE NIGHT FESTIVAL IN KOŠICE

Peter Džupka, Miriam Šebová

Culture, in the way of cultural infrastructure, events and cultural heritage, generates a series of economic effects, both direct effects in the cultural sector (employment, production etc.) and induced effects in other sectors of the local economy (construction, tourism, transport, etc.) (Herrero et al., 2006). The promotion and development of the cultural sector has gained increasing popularity as a medium of urban transformation. This concept has been labelled “culture led urban regeneration” (Garcia, 2004; Lähdesmäki, 2012). The best practises were popularized by cities such as Glasgow, Liverpool, Barcelona and Bilbao.
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GREEN GROWTH AND USE OF EU STRUCTURAL FUNDS IN BALTIC STATES, CZECH REPUBLIC AND SLOVAKIA

Dalia Štreimikienė, Asta Mikalauskienė

Green growth is resource-efficient, cleaner economic growth and more resilient without slowing it. Green growth policies pursue a variety of goals, they are best served by a combination of instruments. There are many questionable assumptions in the discussion of economic growth. One of them is the idea that governments are able to achieve sustained high growth. Another one is the believe that the solution to pressing financial and social problems centers on higher growth.
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THE REPORTING OF NON-FINANCIAL INFORMATION AND THE RATIONALE FOR ITS STANDARDISATION

Peter Krištofík, Marzanna Lament, Hussam Musa

CSR (Corporate Social Responsibility) is an important part of communication with stakeholders and a response to the need for non-financial reports. Regrettably the rules of non-financial reporting are not regulated – except by Directive 2014/95/EU, which will apply to large enterprises of public interest, and which must be introduced by the member states by 6 December 2016. CSR reports are drafted using a variety of principles and guidelines, which limits comparisons across enterprises, transparency and the assessment of progress made on the realisation of CSR goals.
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STOCHASTIC MODEL OF SHORT-TERM PREDICTION OF STOCK PRICES AND ITS PROFITABILITY IN THE CZECH STOCK MARKET

Milan Svoboda

One of the characteristics of stock markets is their permanent fluctuation. Periods of share price growth alternate with periods of share price decrease, both of different lengths. One of the possibilities applied for prediction of share price development and for simulation of this fluctuation is technical analysis (TA).
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