ECONOMIC MANAGEMENT: THEORY AND PRACTICE УДК 338.24.021.8 1Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/ CONTROVERSIAL INFLUENCE OF INSTITUTIONAL REFORMS ON THE FUNCTIONING OF THE ECONOMY Reforms affect the efficiency of the economy through mechanisms of resource mobility, expectations, trust, shadow sector dynamics, corruption and economic freedom and the overall innovation capacity of the economy. The nature and content of these influences are controversial and sometimes uncertain. Therefore, when planning the “next wave” of reforms, it makes sense to take into account the specific features of relationship between changes in institutional environment and processes of functioning and development of the economy. Keywords:institutional reforms, market fundamentalism, presumption of efficiency, value identity, economic sovereignty, exogenization of development Бібл. 17; табл. 1
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