The Impact of Macroeconomic Variables on the Performance of the Iraqi Stock Market

Authors

  • Amani Amer Najiand Department of Financial and Banking Sciences/ College of Administration and Economics/ University of Babylon, Iraq
  • Asam mohamed Aljebory Department of Financial and Banking Sciences/ College of Administration and Economics/ University of Babylon, Iraq
  • Kareem Obayes Hassan Al-Azzawi Department of Financial and Banking Sciences/ College of Administration and Economics/ University of Babylon, Iraq

Keywords:

Macroeconomic variables, inflation, national income, employment rate, interest rate, the stock market in Iraq.

Abstract

Recent stock market volatility is a result of economic problems that require the attention of policymakers and current scholars. Consequently, this article examines the effect of macroeconomic variables such as inflation, national income, employment rate, interest rate, and gross domestic product (GDP) growth on the Iraqi stock market. From 1988 through 2020, this study uses secondary data from the World Bank Database. In addition, the Dynamic Auto-regressive Distributed Lags (DARDL) method was used to examine the association between constructs. Inflation, national income, employment rate, interest rate, and GDP growth were found to have strong and positive correlations with the Iraqi stock market. This article assists regulators in creating policies regarding the sustainability of the stock market utilizing macroeconomic factors.

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Published

2022-11-14

Issue

Vol. 24 No. 2 (2022): AgBioForum, Volume 24, Number 2, 2022

Section

Original Article