Elements of economic culture as informal institutions in the economic development of Germany
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.
This paper examines the effects of the various sources of capital and credit available for financing non-farm enterprises in Ghana. A maximization of the household production function yields linear equations for estimating the key parameters of interest. Capital from bank, family, NGOs and money lenders significantly influence non-farm income. In terms of business expansion, credit from bank, cooperatives and family/friends are very important. Regional differences also appear to be significant as well as the ecological zones. Gender differences in capital and credit sources affect income of non-farm enterprises.