The Impact of Some International Financial Environment on the Iraq Stock Exchange Index | ||
| مجلة جامعة الانبار للعلوم الاقتصادیة والاداریة | ||
| Article 8, Volume 10, Issue 21, February 2018, Pages 160-178 PDF (838.34 K) | ||
| Authors | ||
| Abiid AlRazaq Khader .; Saad Allah Mohammed Obaid . | ||
| . | ||
| Abstract | ||
| The research aims to test the impact of changes in some economic variables in the international financial environment (the global prices of crude oil, gold prices and the inflation rates of the US dollar) in the stock market index (the general index of shares). Sixty (60) monthly observations are selected for each of the index of Iraqi Stock Exchange ISE (as a dependent variable) and the prices of crude oil and gold, and the global inflation rates (as independent variables) for the period from January 2010 to December 2014. A set of statistical tools are used to test this relationship, The multi-linear regression model is the most important. The study has concluded that the prices of oil and gold are linked to a direct relationship with the value of the index of ISE as the change by one unit (1$) in oil prices leads to a change of (0.371) points in the market index. The change by one unit (1$) In the price of gold leads to a change in the index of ISE by (0.053) points. The research finds that the relationship of the effect is inverse between inflation rates and the index of the stock market, where the variable inflation (-4.9), meaning that the change by A single unit in the dollar inflation rate leads to a reversal of (4.9) points in the index of the Iraq market Securities. The modified R2 value is approximately 70%, which means that independent variables account for 70% of changes in the dependent variable. | ||
| Keywords | ||
| International Financial Environment Variable; Global prices for gold; oil and inflation; Market Index | ||
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