Analysis of Digital Data to Iraq Stock Exchange

Abstract

The study has analyzed the relationship between Iraq Stock market index ISX60 and French market indexCAC40. The fact that the stock market is the main engine of economic growth and sustainable development using a time series for both indicators and depending on some statistical tools to detect the stability of the two series using the Augmented Dickey Fuller test and then adopt the theory of integration to show a common relationship in the long or short term between the two indicators by using the 2-step Engel Granger test to detect the existence of the relationship of integration or not ، The study found that there is no integration between the two markets،The two time series are not stationary in their level and after taking the differences it became clear that the two time series have stabilized.Keywords: Integration، Unit Root، Stock Market، Spurious Regression،Stationary.