The impact of oil revenue fluctuations on market value and stock indices in the Iraq Stock Exchange for the period (2005-2023)
DOI:
https://doi.org/10.36322/jksc.182.25769Keywords:
Oil revenues, Market value , Number of sharesAbstract
The research aims to know the impact of oil revenue volatility on the market value and number of shares indices in the Iraq Stock Exchange for the period (2005-2023) by analyzing Iraqi oil revenues, as well as analyzing some market indicators represented by the market value and number of shares indices. To achieve the study objective, the descriptive and quantitative approach was used to analyze and measure the impact of oil revenues on the performance of the Iraq Stock Exchange indices using the (EVIEWS 13) program. The research concluded that crude oil prices are important for countries whose economies depend on oil revenues resulting from the production and export of crude oil, and this applies to Iraq. This dependency has imposed a state of instability and volatility towards the shocks witnessed by oil revenues associated with oil prices in global markets. The research reached that the official authorities in the country must have a real will to change the situation of the Iraqi economy in order to achieve balance and reduce complete dependence on the oil resource .
Downloads
References
1- Al-Gharibawi, Saga Halil Dayan,2021 “The impact of Oil Revenues on Some economic Indicators in the Iraqi economic Environment for the Period (2003-2019) “ Master’s Thesis, college of Administration and economics, University of Karbala .
2- Al-Hussein, Basem Hammadi, 2014“ Foreign Direct Investment and Oil Licensing contracts and Their Impact on economic Development, “ Al-Halabi Legal Publications, First edition, Beirut, Lebanon .
3- Al-Shabibi, Ahmed Saddam Abdul Sahib,2007 “The Policy and Requirements of economic Reform in Iraq – A Future Vision, “ Journal of economic and Administrative Sciences, Issue Six University of Baghdad, Iraq .
4- Al-Saqa, Muhammad Ibrahim,2009 “Using Oil Revenues – The case of Kuwait” , Arab Planning Institute in Kuwait, Expert Meetings Series, Issue 33 .
5- Bakhtiar, Muhammad Sabir, Ahmad, Jamil Kilan, 2022“ The Impact of Oil Revenue Fluctuations on Inflation Rates in Iraq for the Period (1990-2017)” , Tikrit Journal of Administrative and economic Sciences, Volume 18, Issue 57 .
6- Bou Falih, Nabil , 2011” The Role of Industrial wealth Funds in Financing the economies of Oil countries –Reality and Prospects with Special Reference to the case of Algeria” , PhD Thesis Submitted to the Faculty of economics and Management, University of Algiers .
7- Mazhar, Salih Muhammad,2009 “ways to Develop Public Revenue Sources in Iraq” A study published on the website of the central Bank of Iraq .
8- Nabil, Jaafar Abdul Redha, 2011“ Oil economy,” Dar Ihya Al-Turath Al-Arabi, First edition, Beirut, Lebanon .
Reports
1- Ministry of Planning Central Statistical Agency , Actual Estimates for the Period (2005-2023) .
2- Central Bank of Iraq, General Directorate of Statistics and Research, Annual Bulletins for the Period (2005-2023) .
3- Organization of Arab Petroleum Exporting Countries (OPEC), Annual Reports for the Period (2005-2023) .
4- Annual reports of the Iraq Stock Exchange for the Period (2005-2023) .
Downloads
Published
Issue
Section
License
Copyright (c) 2026 أ.د. عقيل شاكر عبد الشرع، الباحث عمار عبد الحسن عاتي
This work is licensed under a Creative Commons Attribution 4.0 International License.
Permit others to distribute and copy the manuscript, to create extracts, abstracts, and other revised versions, adaptations, or derivative works of or from the manuscript (such as a translation), to include in a collective work, to text or data mine the article, even for commercial purposes, as long as they credit the author(s), do not represent the author as endorsing their adaptation of the article, and do not modify the article in such a way as to damage the author''''s honor or reputation. Further details are found at Creative Commons Attribution 4.0 International (CC BY 4.0)
How to Cite
