ANALYSIS OF INSTITUTIONAL SUPPORT OF STRUCTURAL TRANSFORMATION OF UKRAINE’S ECONOMY

Abstract

In the article is analyzed the institutional support for the structural transformation of Ukraine’s economy. State regulatory influence is aimed at the general regulation of social relations in a particular area, respectively, socio-economic development. Structural transformations are directly the object of institutional managerial influence through the state’s use of appropriate institutional support. Public management of economic processes takes place under the influence of formal and informal institutions, which are understood as rules, and institutions ensure compliance with these rules. Within the framework of this study, the main emphasis is placed on the management of structural transformations of the Ukrainian economy; the attention is focused on formal institutions, the main program documents for the last ten years. In the analysis of the main program documents, two periods 2010–2014 and 2015–2020 are identified; their content and features are outlined. Based on the analysis, it was concluded that the first period was characterized by low institutional capacity of transformation processes; the second is a large number of reforms. Ensuring effective management involves monitoring and control of the implementation of tasks. It is noted that the selected indicators are quite general and do not fully comply with the principle of realistic achievement and validity. The set goals were never achieved or insignificant results were achieved. Many of the goals repeat the goals that were not achieved in the implementation of previous program documents.Developed institutional support reduces the uncertainty of structural reforms. It is proved that the system of institutional support of structural restructuring of the economy of Ukraine, the vector of its development is aimed at the approval of the innovation model, the inadmissibility of the termination of structural reforms. It is substantiated that the reason for the low effectiveness of the declared goals and targets is inconsistency, weak interaction of state institutions, violation of the principle of continuity, provision of institutional memory.