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

Author

Listed:
  • Grzegorz Olczyk

    (Kozminski University)

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.

Suggested Citation

  • Grzegorz Olczyk, 2019. "Elements of economic culture as informal institutions in the economic development of Germany," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 18(2), pages 233-244, June.
    • Handle: RePEc:cpn:umkeip:v:18:y:2019:i:2:p:233-244
    DOI: 10.12775/EiP.2019.017
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    References listed on IDEAS

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    1. Edmund Phelps, 2015. "Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change," Economics Books, Princeton University Press, edition 1, number 10058-2.
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    3. Werner Plumpe, 2016. "German Economic and Business History in the 19th and 20th Centuries," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-51860-6.
    4. Claudia Williamson, 2009. "Informal institutions rule: institutional arrangements and economic performance," Public Choice, Springer, vol. 139(3), pages 371-387, June.
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    More about this item

    Keywords

    economic and informal institutions; development; qualitative research;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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