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Elements of economic culture as informal institutions in the economic development of Germany

Grzegorz Olczyk ()
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Grzegorz Olczyk: Kozminski University

Ekonomia i Prawo, 2019, vol. 18, issue 2, 233-244

Abstract: Motivation: The author is interested in the problem of the economic development of a state wherein economic capital is described as a set of elements creating economic culture and informal institutions. Aim: Identification of the operational conditions and manifestations of institutional economics in Germany may obtain an accurate picture and understanding of the functioning their counterparts in Poland. Article is also a proposal for the development of research in the field of institutional economics and economic culture. Results: Putting the thesis that the German economy belongs to the group of the strongest in the world, the study revealed a pattern of results where the institutions were proposed as part of institutional economics, which determine economic development.

Keywords: economic and informal institutions; development; qualitative research (search for similar items in EconPapers)
JEL-codes: D02 O17 O43 (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:cpn:umkeip:v:18:y:2019:i:2:p:233-244