أثر الدين العام الداخلي في بعض مؤشرات سوق العراق للأوراق المالية

Effect of internal debt on some indicators of the Iraq Securities Market for the period 2004-2020

Abstract
The research dealt the impact of internal debt on some financial indicators of the Iraq Stock Exchange, the Iraq Stock Exchange for the period (2004-2020), as the stock market is one of the most important outlets through which the government con market government debt bonds, as in can offer its bonds within the stock market. In order to obtain the necessary debt, and when it does so, it enters into competition with the private sector in obtaining the local debt, and this can appear in the changes that obtain the stock market indicators, so the relationship between the internal debt and the indicators of the Iraq Stock Market has been studied and analyzed, through the use of the method of analyzing the tabular data using indices and growth rates Compound annual as well as the use of modern standard tests if the standard tests indicated a weak effect of the internal debt (IND)on the index of market value (MV) and trading volume (VS), and it was also clear that there is reciprocal effect according to the principle of causality ( Granger causality) between the debt (IND), the number of shares index (NS), on causality between internal debt and market value, and no long-term co-integration relationship, and the estimation of the relationship between the debt (IND) and the number of shares index (NS)is one of the best estimated standard models, as the value of (R2) reached a high percentage (84%) compared to the rest of the models.