CORRUPTION AS A FACTOR OF INSTITUTIONAL INEFFICIENCY OF THE ECONOMY OF UKRAINE

The paper examines the ineffectiveness of institutional reforms in Ukraine in the period of independ- ence that is a precondition for a high level of shadow economy in post transformation period. The study analyzes the destructive impact of corruption on institutional effectiveness of national economy, on the harmonious de- velopment and functioning of the economic system of Ukraine. The paper assesses the level of corruption per- ception in Ukraine and neighboring countries. The results of the study highlight the priority directions and means of rationalizing the institutional environment of the national economy