IMPACT OF SHARE MARKET PARAMETERS ON THE RATE OF UKRAINIAN ECONOMIC DEVELOPMENT

Abstract

Steady and stable share market is one of the factors that determines the investment climate in the country and encourages redistribution of investment capital in promising sectors of the economy. Thus, it is important to study correlation between share market and economy. The paper analyzed the interaction between the parameters of Ukrainian share market (the volume of registered share issues, the volume of trading shares on the stock market, the volume of trading shares on a formal stock market and the number of issued shares in Ukraine) and economic development (GDP). The results of evaluation models suggest that the volume of registered share issues and the volume of trading shares on the stock market have no impact on Ukrainian GDP. But the variation in GDP determined by the variation of share trading volume on the formal share market and the number of issued shares in Ukraine.