أثر المتغيرات الاقتصادية في أداء الأسواق المالية : دراسة تحليلية لسوق العراق للأوراق المالية للمدة "2004-2020"

Abstract EN

Iraq's stock market suffers from several determinants limiting its work as a transferee of funds from surplus to deficit units as it operates within an economy with weak gross domestic product (GDP) and a persistent budget deficit.

So, on this basis, the study aims to find out the impact of macroeconomic variables on the performance of financial markets.

The study was based on the hypothesis that there was a correlation between macroeconomic variables and financial market performance, as the study extended from 2004 to 2020.

Hence, the study concluded that changes in macroeconomic variables had an impact on the performance of financial markets as Iraq's stock market has not played its desired role in the Iraqi economy owing to weak productivity and the fact that macroeconomic indicators are fluctuating and unstable and are rapidly affected by public and private political and economic situations.

The study recommended relying on the development of the industrial and agricultural sector's to contribute to raising gross domestic product (GDP) and not relying solely on the oil sector to improve the efficiency of Iraq's stock market.

Moreover, information must be available to all market investors, and there must be clear transparency in the disclosure of financial statements to the enterprises operating in the market.