Economic reform of Ukraine during the period of martial state as a manifestation of contemporary institutionalism

Silin Evgen
Postgraduate Student, Department of Statistics and Mathematical Methods in Economics, Odesa National University of Economics, Odesa, Ukraine, E-mail:silin11051984@gmail.com, ORCID: https://orcid.org/0009-0003-2618-4151

Received: 11.04.2025    Аpproved: 22.04.2025    Рublished online: 12.05.2025

Cite this article:

Silin E. (2025) Economic reform of ukraine during the period of martial state as a manifestation of contemporary institutionalism. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Reformuvannja ekonomiky Ukrainy u period vojennogo stanu jak projav instytucionalizmu suchasnosti; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 4 (329), pp.7-12.

Abstract

The article examines the institutional dimension of transformations of Ukraine's economic policy during the period of martial law 2022–2025. The purpose of this article is to analyze the transformations of Ukraine's economic policy during the martial law period of 2022–2025 through the prism of an institutional approach, in particular, to study the latest institutional forms that arise in response to extraordinary conditions, as well as to identify contradictions and challenges that accompany the implementation of reforms of both a European integration and resource nature. The systematic analytical method was used when writing the article. The shift of the economic course from the development of the business environment to the mobilization economy and the complexity and contradictions of this process are considered. Particular attention is paid to the institutional analysis of new economic formations emerging in response to the extraordinary conditions of war, in particular - the strengthening of the role of the state, the digitalization of management, changes in the labor market, the activation of civil society and the deepening of cooperation with international donors. Based on the institutional approach, key trends in the war economy are identified, such as the regulatory institutionalization of defense procurement, the adaptation of labor resources, the transformation of tax regulation and the emergence of experimental zones with a high level of tax trust. Special emphasis is placed on the distinction between reforms of a European integration and resource nature, and the consequences of the adoption of key draft laws are analyzed: in particular, auto insurance reforms, changes to excise taxation, implementation of norms regarding the activities of rating agencies, as well as the adoption of a resource draft law and the creation of a “white business club”. The imperfection of new mechanisms of institutional regulation is emphasized, in particular in determining the criteria for business integrity, which leads to the risk of forming new economic inequalities. The article expands the scientific discussion on the role of institutions in managing economic crises and may be useful for researchers, public administration specialists, and practicing economists.

Keywords

institutional economics, war economy, transformation, economic policy, reforms, European integration, taxes.

JEL classification: H200; O100; F150;DOI: https://doi.org/10.32680/2409-9260-2025-4-329-7-12

UD classification:338.24.021.8:336.22”364”(477)

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