Formation of component determinants of the institutional environment of the economy of Ukraine
Authors: Termosa Iryna 
Published: November 2020

The purpose of the article is to study aspects of the formation of component determinants of the institutional environment of the economy of Ukraine, to determine effective and ineffective but operating institutions, to define the interpretation of the concept of the "institutional economic environment," to form, on the basis of dependence on the previous development path, an algorithm for introducing a new institution, as well as to determine the optimal regime for its development. Research methods. Dialectical methods of knowledge of processes and phenomena, a monographic method (analysis of the evolution of scientific achievements of Ukrainian and foreign scientists regarding the effectiveness of the functioning of institutions and institutions), comparative analysis (the main differences between effective and ineffective institutions are determined), empirical (comprehensive assessment and analysis of the object of study), abstract-logical (theoretical generalization and formation of conclusions) were used. Research results. Aspects of formation of components of determinants of institutional economic environment of national economy of Ukraine were studied. The main interpretations of the concept of "institutions" were highlighted, their impact on the formation of the institutional economic environment was studied. The essence of effective and inefficient institutions is disclosed and their generalized author's list is provided. The mechanism of formation of the institutional economic environment taking into account the previous development path was investigated, as well as the author's vision of the optimal regime of its development was determined. An algorithm for introducing a new institution into the institutional economic environment has been developed on the basis of dependence on previous development. Scientific novelty. Theoretical and practical provisions on the process of forming the components of the determinants of an effective institutional economic environment of the national economy of Ukraine have been further developed; the author's concept of an "institutional economic environment" is formed by which it is proposed to mean a set of existing institutions and institutions (norms), the general set of which may include both effective and ineffective, but still functioning, which ensure the functioning, interaction and development of agents in the economic environment of both the individual territory and the state as a whole; A summary of effective and inefficient but still functioning institutions in the modern institutional economic environment; proposed the author's vision of the regime of development of the institutional economic environment, which is based on the middle development regime, in which there is incomplete replacement of existing institutions, as well as the introduction of new ones aimed at the general improvement of the functioning of the institutional economic environment; proposed is an improved algorithm for introducing a new institution (norm) to form the institutional economic environment of Ukraine. Practical significance. The main provisions set out in the article contain certain methodological and practical recommendations on the formation of an effective institutional economic environment in Ukraine. Institutions and institutions can be both effective and ineffective. The introduction of a new institution requires considerable effort to establish itself in a certain institution and to have a positive impact on the functioning institutional economic environment. Using dependence on previous development, it is possible to investigate how effective one or another institution functioning is. Tabl.: 3. Figs.: 3. Refs.: 25.