Elements of economic culture as informal institutions in the economic development of Germany
DOI:
https://doi.org/10.12775/EiP.2019.017Keywords
economic and informal institutions, development, qualitative researchAbstract
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.
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