Institutionalization of the agrarian market in Ukraine and European economic community: genesis, evaluation and analysis

Abstract

The purpose of the study was to analyse and evaluate the institutionalization of the agricultural market in Ukraine and the European Economic Community. The authors conducted a study devoted to the analysis of the regulatory and legal framework in the field of market economy building and state regulation of the agricultural market in Ukraine during the 1990s - 2020s. It is substantiated that the shortcomings of market reforms and dysfunctions of the agrarian market due to lack of scientific understanding of the role of the factor of normative and legislative support of the processes of market reforms in general, the formation of sectoral markets, as well as their effective functioning by the criterion of timely response to dysfunctions. The study was based on systematic and benchmarking methods. The tasks of the study were solved using such methods as: systematic, historical, deductive, inductive, analysis and synthesis, statistical and comparative analysis. The theoretical provisions of institutional theory in the context of the formalization of the agrarian market institute in Ukraine and the European Economic Union and proved the need to follow the logical coherence and complexity of its institutional support as a necessary element of market reforms in the study has further developed. A model of the process of institutional support of market reforms in Ukraine is proposed. The final stage of the institutionalization of the agrarian market in Ukraine is the achievement of conditions of equivalent market exchange.