The Structural Modeling of Factors for the Development of Stock Market

Анотація

The article is aimed at evaluating the impact of individual determinants of stock market on its level of development. The groups of factors, which influence the development of stock market, were considered. Among a number of factors, two have been chosen, which level of influence is possible to adjust by introducing new types of insurance: activities of depository institutions in the securities market and activities of private investors on it. With a view to determining the relationships between factors and the level of development of stock market along with their economic-mathematical substantiation, the method of modeling by the structural equations was used. As a result of the carried out calculations, the hypothesis about existing relationship between the level of development of stock market, the depository activity, and activities of private investors in the securities market has been confirmed, also a mathematical evaluation of the level of the specified relationship has been obtained.

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