id	sid	tid	token	lemma	pos
aeasj-495	1	1	copyright	copyright	NOUN
aeasj-495	1	2	©	©	PROPN
aeasj-495	1	3	cc	cc	PROPN
aeasj-495	1	4	-	-	PUNCT
aeasj-495	1	5	by	by	ADP
aeasj-495	1	6	-	-	PUNCT
aeasj-495	1	7	nc	nc	PROPN
aeasj-495	1	8	2020	2020	NUM
aeasj-495	1	9	,	,	PUNCT
aeasj-495	1	10	cribfb	cribfb	PROPN
aeasj-495	1	11	|	|	ADV
aeasj-495	1	12	aesr	aesr	VERB
aeasj-495	1	13	american	american	PROPN
aeasj-495	1	14	economic	economic	PROPN
aeasj-495	1	15	&	&	CCONJ
aeasj-495	1	16	social	social	PROPN
aeasj-495	1	17	review	review	NOUN
aeasj-495	1	18	;	;	PUNCT
aeasj-495	1	19	vol	vol	NOUN
aeasj-495	1	20	.	.	PROPN
aeasj-495	2	1	6	6	NUM
aeasj-495	2	2	,	,	PUNCT
aeasj-495	2	3	no	no	INTJ
aeasj-495	2	4	.	.	NOUN
aeasj-495	2	5	1	1	NUM
aeasj-495	2	6	;	;	PUNCT
aeasj-495	2	7	2020	2020	NUM
aeasj-495	2	8	issn	issn	VERB
aeasj-495	2	9	2576	2576	NUM
aeasj-495	2	10	-	-	SYM
aeasj-495	2	11	1269	1269	NUM
aeasj-495	2	12	e	e	NOUN
aeasj-495	2	13	-	-	NOUN
aeasj-495	2	14	issn	issn	PROPN
aeasj-495	2	15	2576	2576	NUM
aeasj-495	2	16	-	-	SYM
aeasj-495	2	17	1277	1277	NUM
aeasj-495	2	18	published	publish	VERB
aeasj-495	2	19	by	by	ADP
aeasj-495	2	20	centre	centre	NOUN
aeasj-495	2	21	for	for	ADP
aeasj-495	2	22	research	research	NOUN
aeasj-495	2	23	on	on	ADP
aeasj-495	2	24	islamic	islamic	ADJ
aeasj-495	2	25	banking	banking	PROPN
aeasj-495	2	26	&	&	CCONJ
aeasj-495	2	27	finance	finance	PROPN
aeasj-495	2	28	and	and	CCONJ
aeasj-495	2	29	business	business	NOUN
aeasj-495	2	30	,	,	PUNCT
aeasj-495	2	31	usa	usa	PROPN
aeasj-495	2	32	1	1	NUM
aeasj-495	2	33	stock	stock	NOUN
aeasj-495	2	34	market	market	NOUN
aeasj-495	2	35	activities	activity	NOUN
aeasj-495	2	36	and	and	CCONJ
aeasj-495	2	37	economic	economic	ADJ
aeasj-495	2	38	growth	growth	NOUN
aeasj-495	2	39	in	in	ADP
aeasj-495	2	40	nigeria	nigeria	PROPN
aeasj-495	2	41	:	:	PUNCT
aeasj-495	2	42	a	a	DET
aeasj-495	2	43	cointegration	cointegration	NOUN
aeasj-495	2	44	approach	approach	NOUN
aeasj-495	2	45	ashamu	ashamu	PROPN
aeasj-495	2	46	sikiru	sikiru	PROPN
aeasj-495	2	47	o.	o.	PROPN
aeasj-495	2	48	phd	phd	PROPN
aeasj-495	2	49	department	department	PROPN
aeasj-495	2	50	of	of	ADP
aeasj-495	2	51	banking	banking	NOUN
aeasj-495	2	52	and	and	CCONJ
aeasj-495	2	53	finance	finance	NOUN
aeasj-495	2	54	faculty	faculty	NOUN
aeasj-495	2	55	of	of	ADP
aeasj-495	2	56	management	management	NOUN
aeasj-495	2	57	sciences	sciences	PROPN
aeasj-495	2	58	lagos	lagos	PROPN
aeasj-495	2	59	state	state	PROPN
aeasj-495	2	60	university	university	PROPN
aeasj-495	2	61	,	,	PUNCT
aeasj-495	2	62	ojo	ojo	PROPN
aeasj-495	2	63	,	,	PUNCT
aeasj-495	2	64	nigeria	nigeria	PROPN
aeasj-495	2	65	e	e	NOUN
aeasj-495	2	66	-	-	NOUN
aeasj-495	2	67	mail	mail	NOUN
aeasj-495	2	68	:	:	PUNCT
aeasj-495	2	69	soyerinde2012@gmail.com	soyerinde2012@gmail.com	X
aeasj-495	3	1	soyebo	soyebo	PROPN
aeasj-495	3	2	yusuf	yusuf	PROPN
aeasj-495	3	3	a.	a.	PROPN
aeasj-495	3	4	phd	phd	PROPN
aeasj-495	3	5	department	department	PROPN
aeasj-495	3	6	of	of	ADP
aeasj-495	3	7	banking	banking	NOUN
aeasj-495	3	8	and	and	CCONJ
aeasj-495	3	9	finance	finance	NOUN
aeasj-495	3	10	faculty	faculty	NOUN
aeasj-495	3	11	of	of	ADP
aeasj-495	3	12	management	management	NOUN
aeasj-495	3	13	sciences	sciences	PROPN
aeasj-495	3	14	lagos	lagos	PROPN
aeasj-495	3	15	state	state	PROPN
aeasj-495	3	16	university	university	PROPN
aeasj-495	3	17	,	,	PUNCT
aeasj-495	3	18	ojo	ojo	PROPN
aeasj-495	3	19	,	,	PUNCT
aeasj-495	3	20	nigeria	nigeria	PROPN
aeasj-495	3	21	e	e	NOUN
aeasj-495	3	22	-	-	NOUN
aeasj-495	3	23	mail	mail	NOUN
aeasj-495	3	24	:	:	PUNCT
aeasj-495	3	25	yusuf.soyebo@lasu.edu.ng	yusuf.soyebo@lasu.edu.ng	PRON
aeasj-495	3	26	abstract	abstract	ADJ
aeasj-495	3	27	stock	stock	NOUN
aeasj-495	3	28	markets	market	NOUN
aeasj-495	3	29	have	have	AUX
aeasj-495	3	30	been	be	AUX
aeasj-495	3	31	the	the	DET
aeasj-495	3	32	main	main	ADJ
aeasj-495	3	33	catalyst	catalyst	NOUN
aeasj-495	3	34	of	of	ADP
aeasj-495	3	35	economic	economic	ADJ
aeasj-495	3	36	growth	growth	NOUN
aeasj-495	3	37	in	in	ADP
aeasj-495	3	38	most	most	ADJ
aeasj-495	3	39	economies	economy	NOUN
aeasj-495	3	40	.	.	PUNCT
aeasj-495	4	1	however	however	ADV
aeasj-495	4	2	,	,	PUNCT
aeasj-495	4	3	there	there	PRON
aeasj-495	4	4	are	be	VERB
aeasj-495	4	5	mix	mix	NOUN
aeasj-495	4	6	results	result	NOUN
aeasj-495	4	7	on	on	ADP
aeasj-495	4	8	the	the	DET
aeasj-495	4	9	exact	exact	ADJ
aeasj-495	4	10	nature	nature	NOUN
aeasj-495	4	11	of	of	ADP
aeasj-495	4	12	the	the	DET
aeasj-495	4	13	influence	influence	NOUN
aeasj-495	4	14	of	of	ADP
aeasj-495	4	15	key	key	ADJ
aeasj-495	4	16	stock	stock	NOUN
aeasj-495	4	17	market	market	NOUN
aeasj-495	4	18	variables	variable	NOUN
aeasj-495	4	19	on	on	ADP
aeasj-495	4	20	economic	economic	ADJ
aeasj-495	4	21	growth	growth	NOUN
aeasj-495	4	22	in	in	ADP
aeasj-495	4	23	developing	develop	VERB
aeasj-495	4	24	economies	economy	NOUN
aeasj-495	4	25	.	.	PUNCT
aeasj-495	5	1	thus	thus	ADV
aeasj-495	5	2	,	,	PUNCT
aeasj-495	5	3	this	this	DET
aeasj-495	5	4	study	study	NOUN
aeasj-495	5	5	examined	examine	VERB
aeasj-495	5	6	the	the	DET
aeasj-495	5	7	effect	effect	NOUN
aeasj-495	5	8	of	of	ADP
aeasj-495	5	9	stock	stock	NOUN
aeasj-495	5	10	market	market	NOUN
aeasj-495	5	11	measures	measure	NOUN
aeasj-495	5	12	on	on	ADP
aeasj-495	5	13	economic	economic	ADJ
aeasj-495	5	14	growth	growth	NOUN
aeasj-495	5	15	in	in	ADP
aeasj-495	5	16	nigeria	nigeria	PROPN
aeasj-495	5	17	.	.	PUNCT
aeasj-495	6	1	this	this	DET
aeasj-495	6	2	paper	paper	NOUN
aeasj-495	6	3	employed	employ	VERB
aeasj-495	6	4	an	an	DET
aeasj-495	6	5	ex	ex	NOUN
aeasj-495	6	6	-	-	ADJ
aeasj-495	6	7	post	post	ADJ
aeasj-495	6	8	facto	facto	X
aeasj-495	6	9	research	research	NOUN
aeasj-495	6	10	design	design	NOUN
aeasj-495	6	11	using	use	VERB
aeasj-495	6	12	annualized	annualize	VERB
aeasj-495	6	13	data	datum	NOUN
aeasj-495	6	14	obtained	obtain	VERB
aeasj-495	6	15	from	from	ADP
aeasj-495	6	16	the	the	DET
aeasj-495	6	17	central	central	ADJ
aeasj-495	6	18	bank	bank	PROPN
aeasj-495	6	19	of	of	ADP
aeasj-495	6	20	nigeria	nigeria	PROPN
aeasj-495	6	21	(	(	PUNCT
aeasj-495	6	22	cbn	cbn	PROPN
aeasj-495	6	23	)	)	PUNCT
aeasj-495	6	24	statistical	statistical	ADJ
aeasj-495	6	25	bulletin	bulletin	NOUN
aeasj-495	6	26	and	and	CCONJ
aeasj-495	6	27	stock	stock	NOUN
aeasj-495	6	28	exchange	exchange	NOUN
aeasj-495	6	29	fact	fact	NOUN
aeasj-495	6	30	books	book	NOUN
aeasj-495	6	31	for	for	ADP
aeasj-495	6	32	the	the	DET
aeasj-495	6	33	period	period	NOUN
aeasj-495	6	34	1985	1985	NUM
aeasj-495	6	35	to	to	ADP
aeasj-495	6	36	2017	2017	NUM
aeasj-495	6	37	and	and	CCONJ
aeasj-495	6	38	they	they	PRON
aeasj-495	6	39	were	be	AUX
aeasj-495	6	40	analysed	analyse	VERB
aeasj-495	6	41	using	use	VERB
aeasj-495	6	42	the	the	DET
aeasj-495	6	43	error	error	NOUN
aeasj-495	6	44	correction	correction	NOUN
aeasj-495	6	45	estimate	estimate	VERB
aeasj-495	6	46	regression	regression	NOUN
aeasj-495	6	47	technique	technique	NOUN
aeasj-495	6	48	at	at	ADP
aeasj-495	6	49	5	5	NUM
aeasj-495	6	50	%	%	NOUN
aeasj-495	6	51	level	level	NOUN
aeasj-495	6	52	of	of	ADP
aeasj-495	6	53	significance	significance	NOUN
aeasj-495	6	54	.	.	PUNCT
aeasj-495	7	1	the	the	DET
aeasj-495	7	2	result	result	NOUN
aeasj-495	7	3	ecm	ecm	PROPN
aeasj-495	7	4	(	(	PUNCT
aeasj-495	7	5	-1	-1	INTJ
aeasj-495	7	6	)	)	PUNCT
aeasj-495	7	7	is	be	AUX
aeasj-495	7	8	statistically	statistically	ADV
aeasj-495	7	9	sign	sign	NOUN
aeasj-495	7	10	and	and	CCONJ
aeasj-495	7	11	significant	significant	ADJ
aeasj-495	7	12	,	,	PUNCT
aeasj-495	7	13	stock	stock	NOUN
aeasj-495	7	14	market	market	NOUN
aeasj-495	7	15	activities	activity	NOUN
aeasj-495	7	16	such	such	ADJ
aeasj-495	7	17	as	as	ADP
aeasj-495	7	18	market	market	NOUN
aeasj-495	7	19	capitalization	capitalization	NOUN
aeasj-495	7	20	(	(	PUNCT
aeasj-495	7	21	𝜆1	𝜆1	NOUN
aeasj-495	7	22	=	=	PUNCT
aeasj-495	7	23	0.0386	0.0386	NUM
aeasj-495	7	24	,	,	PUNCT
aeasj-495	7	25	p	p	X
aeasj-495	7	26	>	>	X
aeasj-495	7	27	0.05	0.05	NUM
aeasj-495	7	28	)	)	PUNCT
aeasj-495	7	29	,	,	PUNCT
aeasj-495	7	30	number	number	NOUN
aeasj-495	7	31	of	of	ADP
aeasj-495	7	32	deals	deal	NOUN
aeasj-495	7	33	(	(	PUNCT
aeasj-495	7	34	𝜆2	𝜆2	NOUN
aeasj-495	7	35	=	=	SYM
aeasj-495	7	36	0.0487	0.0487	NUM
aeasj-495	7	37	,	,	PUNCT
aeasj-495	7	38	p	p	X
aeasj-495	7	39	<	<	X
aeasj-495	7	40	0.05	0.05	NUM
aeasj-495	7	41	)	)	PUNCT
aeasj-495	7	42	and	and	CCONJ
aeasj-495	7	43	all	all	DET
aeasj-495	7	44	share	share	NOUN
aeasj-495	7	45	index	index	NOUN
aeasj-495	7	46	(	(	PUNCT
aeasj-495	7	47	𝜆4=	𝜆4=	NOUN
aeasj-495	7	48	0.0921	0.0921	NUM
aeasj-495	7	49	,	,	PUNCT
aeasj-495	7	50	p	p	X
aeasj-495	7	51	<	<	X
aeasj-495	7	52	0.05	0.05	NUM
aeasj-495	7	53	)	)	PUNCT
aeasj-495	7	54	have	have	VERB
aeasj-495	7	55	positive	positive	ADJ
aeasj-495	7	56	influence	influence	NOUN
aeasj-495	7	57	on	on	ADP
aeasj-495	7	58	economic	economic	ADJ
aeasj-495	7	59	growth	growth	NOUN
aeasj-495	7	60	,	,	PUNCT
aeasj-495	7	61	while	while	SCONJ
aeasj-495	7	62	volume	volume	NOUN
aeasj-495	7	63	of	of	ADP
aeasj-495	7	64	trading	trading	NOUN
aeasj-495	7	65	(	(	PUNCT
aeasj-495	7	66	𝜆3	𝜆3	NOUN
aeasj-495	7	67	=	=	PUNCT
aeasj-495	8	1	-0.6110	-0.6110	ADJ
aeasj-495	8	2	,	,	PUNCT
aeasj-495	8	3	p	p	X
aeasj-495	8	4	<	<	X
aeasj-495	8	5	0.05	0.05	NUM
aeasj-495	8	6	)	)	PUNCT
aeasj-495	8	7	has	have	VERB
aeasj-495	8	8	a	a	DET
aeasj-495	8	9	negative	negative	ADJ
aeasj-495	8	10	effect	effect	NOUN
aeasj-495	8	11	on	on	ADP
aeasj-495	8	12	economic	economic	ADJ
aeasj-495	8	13	growth	growth	NOUN
aeasj-495	8	14	.	.	PUNCT
aeasj-495	9	1	these	these	DET
aeasj-495	9	2	results	result	NOUN
aeasj-495	9	3	suggested	suggest	VERB
aeasj-495	9	4	that	that	SCONJ
aeasj-495	9	5	all	all	DET
aeasj-495	9	6	the	the	DET
aeasj-495	9	7	specified	specified	ADJ
aeasj-495	9	8	variables	variable	NOUN
aeasj-495	9	9	except	except	SCONJ
aeasj-495	9	10	market	market	NOUN
aeasj-495	9	11	capitalization	capitalization	NOUN
aeasj-495	9	12	have	have	VERB
aeasj-495	9	13	significant	significant	ADJ
aeasj-495	9	14	effect	effect	NOUN
aeasj-495	9	15	on	on	ADP
aeasj-495	9	16	economic	economic	ADJ
aeasj-495	9	17	growth	growth	NOUN
aeasj-495	9	18	in	in	ADP
aeasj-495	9	19	nigeria	nigeria	PROPN
aeasj-495	9	20	.	.	PUNCT
aeasj-495	10	1	the	the	DET
aeasj-495	10	2	study	study	NOUN
aeasj-495	10	3	concluded	conclude	VERB
aeasj-495	10	4	that	that	SCONJ
aeasj-495	10	5	stock	stock	NOUN
aeasj-495	10	6	market	market	NOUN
aeasj-495	10	7	activities	activity	NOUN
aeasj-495	10	8	influence	influence	VERB
aeasj-495	10	9	the	the	DET
aeasj-495	10	10	economic	economic	ADJ
aeasj-495	10	11	growth	growth	NOUN
aeasj-495	10	12	in	in	ADP
aeasj-495	10	13	nigeria	nigeria	PROPN
aeasj-495	10	14	.	.	PUNCT
aeasj-495	11	1	therefore	therefore	ADV
aeasj-495	11	2	,	,	PUNCT
aeasj-495	11	3	it	it	PRON
aeasj-495	11	4	is	be	AUX
aeasj-495	11	5	recommended	recommend	VERB
aeasj-495	11	6	that	that	SCONJ
aeasj-495	11	7	investors	investor	NOUN
aeasj-495	11	8	should	should	AUX
aeasj-495	11	9	take	take	VERB
aeasj-495	11	10	the	the	DET
aeasj-495	11	11	advantage	advantage	NOUN
aeasj-495	11	12	of	of	ADP
aeasj-495	11	13	the	the	DET
aeasj-495	11	14	numerous	numerous	ADJ
aeasj-495	11	15	opportunities	opportunity	NOUN
aeasj-495	11	16	offered	offer	VERB
aeasj-495	11	17	by	by	ADP
aeasj-495	11	18	the	the	DET
aeasj-495	11	19	stock	stock	NOUN
aeasj-495	11	20	market	market	NOUN
aeasj-495	11	21	while	while	SCONJ
aeasj-495	11	22	market	market	NOUN
aeasj-495	11	23	makers	maker	NOUN
aeasj-495	11	24	and	and	CCONJ
aeasj-495	11	25	regulators	regulator	NOUN
aeasj-495	11	26	should	should	AUX
aeasj-495	11	27	continue	continue	VERB
aeasj-495	11	28	to	to	PART
aeasj-495	11	29	operate	operate	VERB
aeasj-495	11	30	according	accord	VERB
aeasj-495	11	31	to	to	ADP
aeasj-495	11	32	best	good	ADJ
aeasj-495	11	33	market	market	NOUN
aeasj-495	11	34	practices	practice	NOUN
aeasj-495	11	35	in	in	ADP
aeasj-495	11	36	order	order	NOUN
aeasj-495	11	37	to	to	PART
aeasj-495	11	38	ensure	ensure	VERB
aeasj-495	11	39	confidence	confidence	NOUN
aeasj-495	11	40	and	and	CCONJ
aeasj-495	11	41	continuous	continuous	ADJ
aeasj-495	11	42	patronage	patronage	NOUN
aeasj-495	11	43	by	by	ADP
aeasj-495	11	44	various	various	ADJ
aeasj-495	11	45	economic	economic	ADJ
aeasj-495	11	46	agents	agent	NOUN
aeasj-495	11	47	.	.	PUNCT
aeasj-495	12	1	keywords	keyword	NOUN
aeasj-495	12	2	:	:	PUNCT
aeasj-495	12	3	stock	stock	NOUN
aeasj-495	12	4	market	market	NOUN
aeasj-495	12	5	,	,	PUNCT
aeasj-495	12	6	market	market	NOUN
aeasj-495	12	7	capitalization	capitalization	NOUN
aeasj-495	12	8	,	,	PUNCT
aeasj-495	12	9	economic	economic	ADJ
aeasj-495	12	10	growth	growth	NOUN
aeasj-495	12	11	,	,	PUNCT
aeasj-495	12	12	investors	investor	NOUN
aeasj-495	12	13	,	,	PUNCT
aeasj-495	12	14	cointegration	cointegration	NOUN
aeasj-495	12	15	.	.	PUNCT
aeasj-495	13	1	jel	jel	PROPN
aeasj-495	13	2	classification	classification	PROPN
aeasj-495	13	3	:	:	PUNCT
aeasj-495	13	4	g12	g12	PROPN
aeasj-495	13	5	,	,	PUNCT
aeasj-495	13	6	g21	g21	PROPN
aeasj-495	13	7	.	.	PROPN
aeasj-495	14	1	1	1	NUM
aeasj-495	14	2	.	.	X
aeasj-495	14	3	introduction	introduction	NOUN
aeasj-495	14	4	generally	generally	ADV
aeasj-495	14	5	,	,	PUNCT
aeasj-495	14	6	the	the	DET
aeasj-495	14	7	stock	stock	NOUN
aeasj-495	14	8	market	market	NOUN
aeasj-495	14	9	provides	provide	VERB
aeasj-495	14	10	the	the	DET
aeasj-495	14	11	mechanism	mechanism	NOUN
aeasj-495	14	12	for	for	ADP
aeasj-495	14	13	assembly	assembly	NOUN
aeasj-495	14	14	and	and	CCONJ
aeasj-495	14	15	allocation	allocation	NOUN
aeasj-495	14	16	of	of	ADP
aeasj-495	14	17	medium	medium	ADJ
aeasj-495	14	18	and	and	CCONJ
aeasj-495	14	19	long	long	ADJ
aeasj-495	14	20	-	-	PUNCT
aeasj-495	14	21	term	term	NOUN
aeasj-495	14	22	financial	financial	ADJ
aeasj-495	14	23	resources	resource	NOUN
aeasj-495	14	24	between	between	ADP
aeasj-495	14	25	economic	economic	ADJ
aeasj-495	14	26	units	unit	NOUN
aeasj-495	14	27	in	in	ADP
aeasj-495	14	28	order	order	NOUN
aeasj-495	14	29	to	to	PART
aeasj-495	14	30	facilitate	facilitate	VERB
aeasj-495	14	31	optimum	optimum	ADJ
aeasj-495	14	32	resource	resource	NOUN
aeasj-495	14	33	distribution	distribution	NOUN
aeasj-495	14	34	,	,	PUNCT
aeasj-495	14	35	wealth	wealth	NOUN
aeasj-495	14	36	creation	creation	NOUN
aeasj-495	14	37	and	and	CCONJ
aeasj-495	14	38	economic	economic	ADJ
aeasj-495	14	39	growth	growth	NOUN
aeasj-495	14	40	.	.	PUNCT
aeasj-495	15	1	stock	stock	NOUN
aeasj-495	15	2	market	market	NOUN
aeasj-495	15	3	enables	enable	VERB
aeasj-495	15	4	financial	financial	ADJ
aeasj-495	15	5	intermediation	intermediation	NOUN
aeasj-495	15	6	as	as	SCONJ
aeasj-495	15	7	they	they	PRON
aeasj-495	15	8	ensure	ensure	VERB
aeasj-495	15	9	regular	regular	ADJ
aeasj-495	15	10	trading	trading	NOUN
aeasj-495	15	11	in	in	ADP
aeasj-495	15	12	listed	list	VERB
aeasj-495	15	13	financial	financial	ADJ
aeasj-495	15	14	securities	security	NOUN
aeasj-495	15	15	and	and	CCONJ
aeasj-495	15	16	ensure	ensure	VERB
aeasj-495	15	17	that	that	SCONJ
aeasj-495	15	18	quoted	quote	VERB
aeasj-495	15	19	firms	firm	NOUN
aeasj-495	15	20	have	have	VERB
aeasj-495	15	21	adequate	adequate	ADJ
aeasj-495	15	22	access	access	NOUN
aeasj-495	15	23	to	to	ADP
aeasj-495	15	24	capital	capital	NOUN
aeasj-495	15	25	.	.	PUNCT
aeasj-495	16	1	thus	thus	ADV
aeasj-495	16	2	,	,	PUNCT
aeasj-495	16	3	a	a	DET
aeasj-495	16	4	functional	functional	ADJ
aeasj-495	16	5	stock	stock	NOUN
aeasj-495	16	6	market	market	NOUN
aeasj-495	16	7	supports	support	VERB
aeasj-495	16	8	financial	financial	ADJ
aeasj-495	16	9	system	system	NOUN
aeasj-495	16	10	through	through	ADP
aeasj-495	16	11	the	the	DET
aeasj-495	16	12	provision	provision	NOUN
aeasj-495	16	13	of	of	ADP
aeasj-495	16	14	alternative	alternative	ADJ
aeasj-495	16	15	finance	finance	NOUN
aeasj-495	16	16	to	to	ADP
aeasj-495	16	17	business	business	NOUN
aeasj-495	16	18	and	and	CCONJ
aeasj-495	16	19	investment	investment	NOUN
aeasj-495	16	20	outlet	outlet	NOUN
aeasj-495	16	21	to	to	ADP
aeasj-495	16	22	investment	investment	NOUN
aeasj-495	16	23	(	(	PUNCT
aeasj-495	16	24	pan	pan	PROPN
aeasj-495	16	25	&	&	CCONJ
aeasj-495	16	26	mishra	mishra	PROPN
aeasj-495	16	27	,	,	PUNCT
aeasj-495	16	28	2016	2016	NUM
aeasj-495	16	29	)	)	PUNCT
aeasj-495	16	30	.	.	PUNCT
aeasj-495	17	1	beck	beck	PROPN
aeasj-495	17	2	and	and	CCONJ
aeasj-495	17	3	levine	levine	PROPN
aeasj-495	17	4	(	(	PUNCT
aeasj-495	17	5	2001	2001	NUM
aeasj-495	17	6	)	)	PUNCT
aeasj-495	17	7	reported	report	VERB
aeasj-495	17	8	that	that	SCONJ
aeasj-495	17	9	a	a	DET
aeasj-495	17	10	well	well	ADV
aeasj-495	17	11	-	-	PUNCT
aeasj-495	17	12	functioning	function	VERB
aeasj-495	17	13	stock	stock	NOUN
aeasj-495	17	14	market	market	NOUN
aeasj-495	17	15	nurtures	nurture	VERB
aeasj-495	17	16	growth	growth	NOUN
aeasj-495	17	17	and	and	CCONJ
aeasj-495	17	18	profit	profit	NOUN
aeasj-495	17	19	incentives	incentive	NOUN
aeasj-495	17	20	and	and	CCONJ
aeasj-495	17	21	prompt	prompt	ADJ
aeasj-495	17	22	in	in	ADP
aeasj-495	17	23	risk	risk	NOUN
aeasj-495	17	24	management	management	NOUN
aeasj-495	17	25	as	as	ADP
aeasj-495	17	26	a	a	DET
aeasj-495	17	27	developed	develop	VERB
aeasj-495	17	28	stock	stock	NOUN
aeasj-495	17	29	market	market	NOUN
aeasj-495	17	30	provide	provide	VERB
aeasj-495	17	31	liquidity	liquidity	NOUN
aeasj-495	17	32	that	that	PRON
aeasj-495	17	33	lowers	lower	VERB
aeasj-495	17	34	the	the	DET
aeasj-495	17	35	cost	cost	NOUN
aeasj-495	17	36	of	of	ADP
aeasj-495	17	37	capital	capital	NOUN
aeasj-495	17	38	essential	essential	ADJ
aeasj-495	17	39	for	for	ADP
aeasj-495	17	40	development	development	NOUN
aeasj-495	17	41	,	,	PUNCT
aeasj-495	17	42	particularly	particularly	ADV
aeasj-495	17	43	in	in	ADP
aeasj-495	17	44	less	less	ADV
aeasj-495	17	45	developed	develop	VERB
aeasj-495	17	46	countries	country	NOUN
aeasj-495	17	47	that	that	PRON
aeasj-495	17	48	generate	generate	VERB
aeasj-495	17	49	insufficient	insufficient	ADJ
aeasj-495	17	50	domestic	domestic	ADJ
aeasj-495	17	51	savings	saving	NOUN
aeasj-495	17	52	(	(	PUNCT
aeasj-495	17	53	bencivenga	bencivenga	PROPN
aeasj-495	17	54	,	,	PUNCT
aeasj-495	17	55	smith	smith	PROPN
aeasj-495	17	56	&	&	CCONJ
aeasj-495	17	57	stair	stair	PROPN
aeasj-495	17	58	1996	1996	NUM
aeasj-495	17	59	)	)	PUNCT
aeasj-495	17	60	.	.	PUNCT
aeasj-495	18	1	however	however	ADV
aeasj-495	18	2	,	,	PUNCT
aeasj-495	18	3	in	in	ADP
aeasj-495	18	4	most	most	ADJ
aeasj-495	18	5	emerging	emerge	VERB
aeasj-495	18	6	economies	economy	NOUN
aeasj-495	18	7	,	,	PUNCT
aeasj-495	18	8	financial	financial	ADJ
aeasj-495	18	9	turnover	turnover	NOUN
aeasj-495	18	10	is	be	AUX
aeasj-495	18	11	slow	slow	ADJ
aeasj-495	18	12	due	due	ADP
aeasj-495	18	13	to	to	ADP
aeasj-495	18	14	long	long	ADJ
aeasj-495	18	15	gestation	gestation	NOUN
aeasj-495	18	16	period	period	NOUN
aeasj-495	18	17	required	require	VERB
aeasj-495	18	18	in	in	ADP
aeasj-495	18	19	the	the	DET
aeasj-495	18	20	ownership	ownership	NOUN
aeasj-495	18	21	transfer	transfer	NOUN
aeasj-495	18	22	process	process	NOUN
aeasj-495	18	23	.	.	PUNCT
aeasj-495	19	1	thus	thus	ADV
aeasj-495	19	2	,	,	PUNCT
aeasj-495	19	3	the	the	DET
aeasj-495	19	4	transaction	transaction	NOUN
aeasj-495	19	5	costs	cost	VERB
aeasj-495	19	6	on	on	ADP
aeasj-495	19	7	the	the	DET
aeasj-495	19	8	stock	stock	NOUN
aeasj-495	19	9	market	market	NOUN
aeasj-495	19	10	activities	activity	NOUN
aeasj-495	19	11	often	often	ADV
aeasj-495	19	12	influenced	influence	VERB
aeasj-495	19	13	production	production	NOUN
aeasj-495	19	14	decision	decision	NOUN
aeasj-495	19	15	and	and	CCONJ
aeasj-495	19	16	the	the	DET
aeasj-495	19	17	growth	growth	NOUN
aeasj-495	19	18	rate	rate	NOUN
aeasj-495	19	19	in	in	ADP
aeasj-495	19	20	the	the	DET
aeasj-495	19	21	economy	economy	NOUN
aeasj-495	19	22	.	.	PUNCT
aeasj-495	20	1	similarly	similarly	ADV
aeasj-495	20	2	,	,	PUNCT
aeasj-495	20	3	transaction	transaction	NOUN
aeasj-495	20	4	costs	cost	NOUN
aeasj-495	20	5	tend	tend	VERB
aeasj-495	20	6	to	to	PART
aeasj-495	20	7	fall	fall	VERB
aeasj-495	20	8	on	on	ADP
aeasj-495	20	9	the	the	DET
aeasj-495	20	10	stock	stock	NOUN
aeasj-495	20	11	market	market	NOUN
aeasj-495	20	12	as	as	SCONJ
aeasj-495	20	13	it	it	PRON
aeasj-495	20	14	develops	develop	VERB
aeasj-495	20	15	,	,	PUNCT
aeasj-495	20	16	the	the	DET
aeasj-495	20	17	liquidity	liquidity	NOUN
aeasj-495	20	18	risk	risk	NOUN
aeasj-495	20	19	decreases	decrease	NOUN
aeasj-495	20	20	and	and	CCONJ
aeasj-495	20	21	more	more	ADJ
aeasj-495	20	22	illiquid	illiquid	ADJ
aeasj-495	20	23	projects	project	NOUN
aeasj-495	20	24	can	can	AUX
aeasj-495	20	25	be	be	AUX
aeasj-495	20	26	funded	fund	VERB
aeasj-495	20	27	.	.	PUNCT
aeasj-495	21	1	the	the	DET
aeasj-495	21	2	link	link	NOUN
aeasj-495	21	3	between	between	ADP
aeasj-495	21	4	stock	stock	NOUN
aeasj-495	21	5	market	market	NOUN
aeasj-495	21	6	activities	activity	NOUN
aeasj-495	21	7	and	and	CCONJ
aeasj-495	21	8	economic	economic	ADJ
aeasj-495	21	9	growth	growth	NOUN
aeasj-495	21	10	in	in	ADP
aeasj-495	21	11	nigeria	nigeria	PROPN
aeasj-495	21	12	has	have	AUX
aeasj-495	21	13	been	be	AUX
aeasj-495	21	14	puzzling	puzzle	VERB
aeasj-495	21	15	due	due	ADP
aeasj-495	21	16	to	to	ADP
aeasj-495	21	17	the	the	DET
aeasj-495	21	18	peculiar	peculiar	ADJ
aeasj-495	21	19	nature	nature	NOUN
aeasj-495	21	20	of	of	ADP
aeasj-495	21	21	stock	stock	NOUN
aeasj-495	21	22	market	market	NOUN
aeasj-495	21	23	activities	activity	NOUN
aeasj-495	21	24	as	as	ADV
aeasj-495	21	25	well	well	ADV
aeasj-495	21	26	as	as	ADP
aeasj-495	21	27	the	the	DET
aeasj-495	21	28	mix	mix	NOUN
aeasj-495	21	29	results	result	NOUN
aeasj-495	21	30	turned	turn	VERB
aeasj-495	21	31	in	in	ADP
aeasj-495	21	32	by	by	ADP
aeasj-495	21	33	various	various	ADJ
aeasj-495	21	34	scholars	scholar	NOUN
aeasj-495	21	35	due	due	ADP
aeasj-495	21	36	to	to	ADP
aeasj-495	21	37	the	the	DET
aeasj-495	21	38	measurement	measurement	NOUN
aeasj-495	21	39	of	of	ADP
aeasj-495	21	40	variables	variable	NOUN
aeasj-495	21	41	,	,	PUNCT
aeasj-495	21	42	data	datum	NOUN
aeasj-495	21	43	analysis	analysis	NOUN
aeasj-495	21	44	techniques	technique	NOUN
aeasj-495	21	45	and	and	CCONJ
aeasj-495	21	46	scope	scope	NOUN
aeasj-495	21	47	of	of	ADP
aeasj-495	21	48	study	study	NOUN
aeasj-495	21	49	.	.	PUNCT
aeasj-495	22	1	hence	hence	ADV
aeasj-495	22	2	,	,	PUNCT
aeasj-495	22	3	the	the	DET
aeasj-495	22	4	postulate	postulate	NOUN
aeasj-495	22	5	that	that	PRON
aeasj-495	22	6	stock	stock	NOUN
aeasj-495	22	7	market	market	NOUN
aeasj-495	22	8	activities	activity	NOUN
aeasj-495	22	9	influence	influence	VERB
aeasj-495	22	10	economic	economic	ADJ
aeasj-495	22	11	growth	growth	NOUN
aeasj-495	22	12	in	in	ADP
aeasj-495	22	13	nigeria	nigeria	PROPN
aeasj-495	22	14	requires	require	VERB
aeasj-495	22	15	further	further	ADJ
aeasj-495	22	16	empirical	empirical	ADJ
aeasj-495	22	17	consideration	consideration	NOUN
aeasj-495	22	18	.	.	PUNCT
aeasj-495	23	1	this	this	DET
aeasj-495	23	2	study	study	NOUN
aeasj-495	23	3	assumes	assume	VERB
aeasj-495	23	4	that	that	SCONJ
aeasj-495	23	5	there	there	PRON
aeasj-495	23	6	is	be	VERB
aeasj-495	23	7	no	no	DET
aeasj-495	23	8	significant	significant	ADJ
aeasj-495	23	9	short	short	ADJ
aeasj-495	23	10	and	and	CCONJ
aeasj-495	23	11	long	long	ADV
aeasj-495	23	12	-	-	PUNCT
aeasj-495	23	13	run	run	NOUN
aeasj-495	23	14	relationship	relationship	NOUN
aeasj-495	23	15	between	between	ADP
aeasj-495	23	16	stock	stock	NOUN
aeasj-495	23	17	market	market	NOUN
aeasj-495	23	18	activities	activity	NOUN
aeasj-495	23	19	and	and	CCONJ
aeasj-495	23	20	mailto:soyerinde2012@gmail.com	mailto:soyerinde2012@gmail.com	NOUN
aeasj-495	23	21	copyright	copyright	NOUN
aeasj-495	23	22	©	©	PROPN
aeasj-495	23	23	cc	cc	PROPN
aeasj-495	23	24	-	-	PUNCT
aeasj-495	23	25	by	by	ADP
aeasj-495	23	26	-	-	PUNCT
aeasj-495	23	27	nc	nc	PROPN
aeasj-495	23	28	2020	2020	NUM
aeasj-495	23	29	,	,	PUNCT
aeasj-495	23	30	cribfb	cribfb	PROPN
aeasj-495	23	31	|	|	ADV
aeasj-495	23	32	aesr	aesr	ADV
aeasj-495	23	33	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-495	23	34	american	american	PROPN
aeasj-495	23	35	economic	economic	PROPN
aeasj-495	23	36	&	&	CCONJ
aeasj-495	23	37	social	social	PROPN
aeasj-495	23	38	review	review	PROPN
aeasj-495	23	39	vol	vol	NOUN
aeasj-495	23	40	.	.	PROPN
aeasj-495	24	1	6	6	NUM
aeasj-495	24	2	,	,	PUNCT
aeasj-495	24	3	no	no	INTJ
aeasj-495	24	4	.	.	NOUN
aeasj-495	24	5	1	1	NUM
aeasj-495	24	6	;	;	PUNCT
aeasj-495	24	7	2020	2020	NUM
aeasj-495	24	8	2	2	NUM
aeasj-495	24	9	economic	economic	ADJ
aeasj-495	24	10	growth	growth	NOUN
aeasj-495	24	11	in	in	ADP
aeasj-495	24	12	nigeria	nigeria	PROPN
aeasj-495	24	13	.	.	PUNCT
aeasj-495	25	1	the	the	DET
aeasj-495	25	2	remaining	remain	VERB
aeasj-495	25	3	sections	section	NOUN
aeasj-495	25	4	of	of	ADP
aeasj-495	25	5	the	the	DET
aeasj-495	25	6	paper	paper	NOUN
aeasj-495	25	7	are	be	AUX
aeasj-495	25	8	structured	structure	VERB
aeasj-495	25	9	as	as	SCONJ
aeasj-495	25	10	follows	follow	VERB
aeasj-495	25	11	:	:	PUNCT
aeasj-495	25	12	next	next	ADV
aeasj-495	25	13	are	be	AUX
aeasj-495	25	14	the	the	DET
aeasj-495	25	15	literature	literature	PROPN
aeasj-495	25	16	review	review	NOUN
aeasj-495	25	17	,	,	PUNCT
aeasj-495	25	18	methods	method	NOUN
aeasj-495	25	19	and	and	CCONJ
aeasj-495	25	20	materials	material	NOUN
aeasj-495	25	21	,	,	PUNCT
aeasj-495	25	22	followed	follow	VERB
aeasj-495	25	23	by	by	ADP
aeasj-495	25	24	results	result	NOUN
aeasj-495	25	25	,	,	PUNCT
aeasj-495	25	26	discussion	discussion	NOUN
aeasj-495	25	27	,	,	PUNCT
aeasj-495	25	28	recommendations	recommendation	NOUN
aeasj-495	25	29	and	and	CCONJ
aeasj-495	25	30	conclusion	conclusion	NOUN
aeasj-495	25	31	.	.	PUNCT
aeasj-495	26	1	2	2	X
aeasj-495	26	2	.	.	X
aeasj-495	26	3	literature	literature	NOUN
aeasj-495	26	4	review	review	VERB
aeasj-495	26	5	the	the	DET
aeasj-495	26	6	economic	economic	ADJ
aeasj-495	26	7	growth	growth	NOUN
aeasj-495	26	8	of	of	ADP
aeasj-495	26	9	a	a	DET
aeasj-495	26	10	nation	nation	NOUN
aeasj-495	26	11	represents	represent	VERB
aeasj-495	26	12	the	the	DET
aeasj-495	26	13	changes	change	NOUN
aeasj-495	26	14	in	in	ADP
aeasj-495	26	15	the	the	DET
aeasj-495	26	16	level	level	NOUN
aeasj-495	26	17	of	of	ADP
aeasj-495	26	18	economic	economic	ADJ
aeasj-495	26	19	activities	activity	NOUN
aeasj-495	26	20	over	over	ADP
aeasj-495	26	21	a	a	DET
aeasj-495	26	22	specific	specific	ADJ
aeasj-495	26	23	period	period	NOUN
aeasj-495	26	24	and	and	CCONJ
aeasj-495	26	25	the	the	DET
aeasj-495	26	26	stock	stock	NOUN
aeasj-495	26	27	market	market	NOUN
aeasj-495	26	28	has	have	VERB
aeasj-495	26	29	the	the	DET
aeasj-495	26	30	potentials	potential	NOUN
aeasj-495	26	31	of	of	ADP
aeasj-495	26	32	spurring	spur	VERB
aeasj-495	26	33	economic	economic	ADJ
aeasj-495	26	34	growth	growth	NOUN
aeasj-495	26	35	via	via	ADP
aeasj-495	26	36	prompt	prompt	ADJ
aeasj-495	26	37	resource	resource	NOUN
aeasj-495	26	38	allocation	allocation	NOUN
aeasj-495	26	39	and	and	CCONJ
aeasj-495	26	40	distribution	distribution	NOUN
aeasj-495	26	41	which	which	PRON
aeasj-495	26	42	result	result	VERB
aeasj-495	26	43	in	in	ADP
aeasj-495	26	44	higher	high	ADJ
aeasj-495	26	45	economic	economic	ADJ
aeasj-495	26	46	activities	activity	NOUN
aeasj-495	26	47	(	(	PUNCT
aeasj-495	26	48	popoola	popoola	PROPN
aeasj-495	26	49	,	,	PUNCT
aeasj-495	26	50	2014	2014	NUM
aeasj-495	26	51	)	)	PUNCT
aeasj-495	26	52	.	.	PUNCT
aeasj-495	27	1	thus	thus	ADV
aeasj-495	27	2	,	,	PUNCT
aeasj-495	27	3	the	the	DET
aeasj-495	27	4	role	role	NOUN
aeasj-495	27	5	and	and	CCONJ
aeasj-495	27	6	consequence	consequence	NOUN
aeasj-495	27	7	of	of	ADP
aeasj-495	27	8	an	an	DET
aeasj-495	27	9	effective	effective	ADJ
aeasj-495	27	10	capital	capital	NOUN
aeasj-495	27	11	mobilization	mobilization	NOUN
aeasj-495	27	12	mechanism	mechanism	NOUN
aeasj-495	27	13	in	in	ADP
aeasj-495	27	14	the	the	DET
aeasj-495	27	15	development	development	NOUN
aeasj-495	27	16	of	of	ADP
aeasj-495	27	17	the	the	DET
aeasj-495	27	18	economy	economy	NOUN
aeasj-495	27	19	has	have	AUX
aeasj-495	27	20	been	be	AUX
aeasj-495	27	21	observed	observe	VERB
aeasj-495	27	22	in	in	ADP
aeasj-495	27	23	literature	literature	NOUN
aeasj-495	27	24	.	.	PUNCT
aeasj-495	28	1	in	in	ADP
aeasj-495	28	2	developing	develop	VERB
aeasj-495	28	3	and	and	CCONJ
aeasj-495	28	4	developed	developed	ADJ
aeasj-495	28	5	economies	economy	NOUN
aeasj-495	28	6	,	,	PUNCT
aeasj-495	28	7	several	several	ADJ
aeasj-495	28	8	authors	author	NOUN
aeasj-495	28	9	had	have	AUX
aeasj-495	28	10	reported	report	VERB
aeasj-495	28	11	their	their	PRON
aeasj-495	28	12	views	view	NOUN
aeasj-495	28	13	on	on	ADP
aeasj-495	28	14	the	the	DET
aeasj-495	28	15	influence	influence	NOUN
aeasj-495	28	16	of	of	ADP
aeasj-495	28	17	stock	stock	NOUN
aeasj-495	28	18	market	market	NOUN
aeasj-495	28	19	on	on	ADP
aeasj-495	28	20	economic	economic	ADJ
aeasj-495	28	21	growth	growth	NOUN
aeasj-495	28	22	.	.	PUNCT
aeasj-495	29	1	for	for	ADP
aeasj-495	29	2	example	example	NOUN
aeasj-495	29	3	,	,	PUNCT
aeasj-495	29	4	osei	osei	PROPN
aeasj-495	29	5	(	(	PUNCT
aeasj-495	29	6	2005	2005	NUM
aeasj-495	29	7	)	)	PUNCT
aeasj-495	29	8	examined	examine	VERB
aeasj-495	29	9	the	the	DET
aeasj-495	29	10	relationship	relationship	NOUN
aeasj-495	29	11	between	between	ADP
aeasj-495	29	12	stock	stock	NOUN
aeasj-495	29	13	market	market	NOUN
aeasj-495	29	14	development	development	NOUN
aeasj-495	29	15	and	and	CCONJ
aeasj-495	29	16	economic	economic	ADJ
aeasj-495	29	17	growth	growth	NOUN
aeasj-495	29	18	in	in	ADP
aeasj-495	29	19	ghana	ghana	PROPN
aeasj-495	29	20	.	.	PUNCT
aeasj-495	30	1	the	the	DET
aeasj-495	30	2	result	result	NOUN
aeasj-495	30	3	revealed	reveal	VERB
aeasj-495	30	4	a	a	DET
aeasj-495	30	5	unidirectional	unidirectional	ADJ
aeasj-495	30	6	relationship	relationship	NOUN
aeasj-495	30	7	from	from	ADP
aeasj-495	30	8	stock	stock	NOUN
aeasj-495	30	9	market	market	NOUN
aeasj-495	30	10	performance	performance	NOUN
aeasj-495	30	11	to	to	ADP
aeasj-495	30	12	economic	economic	ADJ
aeasj-495	30	13	growth	growth	NOUN
aeasj-495	30	14	.	.	PUNCT
aeasj-495	31	1	similarly	similarly	ADV
aeasj-495	31	2	,	,	PUNCT
aeasj-495	31	3	enisan	enisan	ADJ
aeasj-495	31	4	&	&	CCONJ
aeasj-495	31	5	olufisayo	olufisayo	PROPN
aeasj-495	31	6	(	(	PUNCT
aeasj-495	31	7	2009	2009	NUM
aeasj-495	31	8	)	)	PUNCT
aeasj-495	31	9	studied	study	VERB
aeasj-495	31	10	the	the	DET
aeasj-495	31	11	influence	influence	NOUN
aeasj-495	31	12	of	of	ADP
aeasj-495	31	13	stock	stock	NOUN
aeasj-495	31	14	market	market	NOUN
aeasj-495	31	15	performance	performance	NOUN
aeasj-495	31	16	on	on	ADP
aeasj-495	31	17	economic	economic	ADJ
aeasj-495	31	18	growth	growth	NOUN
aeasj-495	31	19	in	in	ADP
aeasj-495	31	20	selected	select	VERB
aeasj-495	31	21	sub	sub	NOUN
aeasj-495	31	22	–	–	PUNCT
aeasj-495	31	23	saharan	saharan	ADJ
aeasj-495	31	24	africa	africa	PROPN
aeasj-495	31	25	using	use	VERB
aeasj-495	31	26	the	the	DET
aeasj-495	31	27	autoregressive	autoregressive	ADJ
aeasj-495	31	28	distributed	distribute	VERB
aeasj-495	31	29	lag	lag	NOUN
aeasj-495	31	30	on	on	ADP
aeasj-495	31	31	annual	annual	ADJ
aeasj-495	31	32	data	datum	NOUN
aeasj-495	31	33	such	such	ADJ
aeasj-495	31	34	as	as	ADP
aeasj-495	31	35	market	market	NOUN
aeasj-495	31	36	capitalization	capitalization	NOUN
aeasj-495	31	37	and	and	CCONJ
aeasj-495	31	38	gdp	gdp	NOUN
aeasj-495	31	39	.	.	PUNCT
aeasj-495	32	1	the	the	DET
aeasj-495	32	2	result	result	NOUN
aeasj-495	32	3	revealed	reveal	VERB
aeasj-495	32	4	that	that	SCONJ
aeasj-495	32	5	stock	stock	NOUN
aeasj-495	32	6	market	market	NOUN
aeasj-495	32	7	development	development	NOUN
aeasj-495	32	8	has	have	VERB
aeasj-495	32	9	positive	positive	ADJ
aeasj-495	32	10	and	and	CCONJ
aeasj-495	32	11	significant	significant	ADJ
aeasj-495	32	12	long	long	ADJ
aeasj-495	32	13	run	run	NOUN
aeasj-495	32	14	influence	influence	NOUN
aeasj-495	32	15	on	on	ADP
aeasj-495	32	16	economic	economic	ADJ
aeasj-495	32	17	growth	growth	NOUN
aeasj-495	32	18	in	in	ADP
aeasj-495	32	19	egypt	egypt	PROPN
aeasj-495	32	20	.	.	PUNCT
aeasj-495	33	1	south	south	PROPN
aeasj-495	33	2	africa	africa	PROPN
aeasj-495	33	3	,	,	PUNCT
aeasj-495	33	4	cote	cote	PROPN
aeasj-495	33	5	d	d	NOUN
aeasj-495	33	6	’	'	PUNCT
aeasj-495	33	7	ivoire	ivoire	NOUN
aeasj-495	33	8	,	,	PUNCT
aeasj-495	33	9	kenya	kenya	PROPN
aeasj-495	33	10	,	,	PUNCT
aeasj-495	33	11	morocco	morocco	PROPN
aeasj-495	33	12	,	,	PUNCT
aeasj-495	33	13	and	and	CCONJ
aeasj-495	33	14	zimbabwe	zimbabwe	NOUN
aeasj-495	33	15	.	.	PUNCT
aeasj-495	34	1	in	in	ADP
aeasj-495	34	2	the	the	DET
aeasj-495	34	3	same	same	ADJ
aeasj-495	34	4	pattern	pattern	NOUN
aeasj-495	34	5	,	,	PUNCT
aeasj-495	34	6	nowbutsing	nowbutsing	NOUN
aeasj-495	34	7	&	&	CCONJ
aeasj-495	34	8	odit	odit	PROPN
aeasj-495	34	9	(	(	PUNCT
aeasj-495	34	10	2009	2009	NUM
aeasj-495	34	11	)	)	PUNCT
aeasj-495	34	12	examined	examine	VERB
aeasj-495	34	13	the	the	DET
aeasj-495	34	14	influence	influence	NOUN
aeasj-495	34	15	of	of	ADP
aeasj-495	34	16	stock	stock	NOUN
aeasj-495	34	17	market	market	NOUN
aeasj-495	34	18	development	development	NOUN
aeasj-495	34	19	on	on	ADP
aeasj-495	34	20	economic	economic	ADJ
aeasj-495	34	21	growth	growth	NOUN
aeasj-495	34	22	in	in	ADP
aeasj-495	34	23	mauritius	mauritius	NOUN
aeasj-495	34	24	using	use	VERB
aeasj-495	34	25	the	the	DET
aeasj-495	34	26	error	error	NOUN
aeasj-495	34	27	correction	correction	NOUN
aeasj-495	34	28	approach	approach	NOUN
aeasj-495	34	29	on	on	ADP
aeasj-495	34	30	annualized	annualize	VERB
aeasj-495	34	31	data	datum	NOUN
aeasj-495	34	32	such	such	ADJ
aeasj-495	34	33	as	as	ADP
aeasj-495	34	34	market	market	NOUN
aeasj-495	34	35	capitalization	capitalization	NOUN
aeasj-495	34	36	,	,	PUNCT
aeasj-495	34	37	volume	volume	NOUN
aeasj-495	34	38	of	of	ADP
aeasj-495	34	39	trade	trade	NOUN
aeasj-495	34	40	and	and	CCONJ
aeasj-495	34	41	gross	gross	ADJ
aeasj-495	34	42	domestic	domestic	ADJ
aeasj-495	34	43	product	product	NOUN
aeasj-495	34	44	between	between	ADP
aeasj-495	34	45	1989	1989	NUM
aeasj-495	34	46	and	and	CCONJ
aeasj-495	34	47	2006	2006	NUM
aeasj-495	34	48	.	.	PUNCT
aeasj-495	35	1	the	the	DET
aeasj-495	35	2	result	result	NOUN
aeasj-495	35	3	revealed	reveal	VERB
aeasj-495	35	4	that	that	SCONJ
aeasj-495	35	5	stock	stock	NOUN
aeasj-495	35	6	market	market	NOUN
aeasj-495	35	7	development	development	NOUN
aeasj-495	35	8	influence	influence	NOUN
aeasj-495	35	9	economic	economic	ADJ
aeasj-495	35	10	growth	growth	NOUN
aeasj-495	35	11	in	in	ADP
aeasj-495	35	12	the	the	DET
aeasj-495	35	13	short	short	ADJ
aeasj-495	35	14	run	run	NOUN
aeasj-495	35	15	and	and	CCONJ
aeasj-495	35	16	long	long	ADJ
aeasj-495	35	17	run	run	NOUN
aeasj-495	35	18	.	.	PUNCT
aeasj-495	36	1	also	also	ADV
aeasj-495	36	2	,	,	PUNCT
aeasj-495	36	3	odhiambo	odhiambo	X
aeasj-495	36	4	(	(	PUNCT
aeasj-495	36	5	2010	2010	NUM
aeasj-495	36	6	)	)	PUNCT
aeasj-495	36	7	examined	examine	VERB
aeasj-495	36	8	relationship	relationship	NOUN
aeasj-495	36	9	between	between	ADP
aeasj-495	36	10	stock	stock	NOUN
aeasj-495	36	11	market	market	NOUN
aeasj-495	36	12	development	development	NOUN
aeasj-495	36	13	and	and	CCONJ
aeasj-495	36	14	economic	economic	ADJ
aeasj-495	36	15	growth	growth	NOUN
aeasj-495	36	16	in	in	ADP
aeasj-495	36	17	south	south	PROPN
aeasj-495	36	18	africa	africa	PROPN
aeasj-495	36	19	using	use	VERB
aeasj-495	36	20	the	the	DET
aeasj-495	36	21	autoregressive	autoregressive	ADJ
aeasj-495	36	22	distributed	distribute	VERB
aeasj-495	36	23	lag	lag	NOUN
aeasj-495	36	24	testing	testing	NOUN
aeasj-495	36	25	on	on	ADP
aeasj-495	36	26	annual	annual	ADJ
aeasj-495	36	27	data	datum	NOUN
aeasj-495	36	28	such	such	ADJ
aeasj-495	36	29	as	as	ADP
aeasj-495	36	30	market	market	NOUN
aeasj-495	36	31	capitalization	capitalization	NOUN
aeasj-495	36	32	,	,	PUNCT
aeasj-495	36	33	value	value	NOUN
aeasj-495	36	34	of	of	ADP
aeasj-495	36	35	trade	trade	NOUN
aeasj-495	36	36	,	,	PUNCT
aeasj-495	36	37	market	market	NOUN
aeasj-495	36	38	turnover	turnover	NOUN
aeasj-495	36	39	and	and	CCONJ
aeasj-495	36	40	real	real	ADJ
aeasj-495	36	41	gdp	gdp	NOUN
aeasj-495	36	42	per	per	ADP
aeasj-495	36	43	capita	capita	NOUN
aeasj-495	36	44	between	between	ADP
aeasj-495	36	45	1971	1971	NUM
aeasj-495	36	46	and	and	CCONJ
aeasj-495	36	47	2007	2007	NUM
aeasj-495	36	48	.	.	PUNCT
aeasj-495	37	1	the	the	DET
aeasj-495	37	2	results	result	NOUN
aeasj-495	37	3	revealed	reveal	VERB
aeasj-495	37	4	a	a	DET
aeasj-495	37	5	short	short	ADJ
aeasj-495	37	6	and	and	CCONJ
aeasj-495	37	7	long	long	ADJ
aeasj-495	37	8	run	run	NOUN
aeasj-495	37	9	causal	causal	ADJ
aeasj-495	37	10	relationship	relationship	NOUN
aeasj-495	37	11	between	between	ADP
aeasj-495	37	12	stock	stock	NOUN
aeasj-495	37	13	market	market	NOUN
aeasj-495	37	14	performance	performance	NOUN
aeasj-495	37	15	and	and	CCONJ
aeasj-495	37	16	economic	economic	ADJ
aeasj-495	37	17	growth	growth	NOUN
aeasj-495	37	18	.	.	PUNCT
aeasj-495	38	1	likewise	likewise	ADV
aeasj-495	38	2	,	,	PUNCT
aeasj-495	38	3	oskooe	oskooe	INTJ
aeasj-495	38	4	(	(	PUNCT
aeasj-495	38	5	2010	2010	NUM
aeasj-495	38	6	)	)	PUNCT
aeasj-495	38	7	assessed	assess	VERB
aeasj-495	38	8	the	the	DET
aeasj-495	38	9	relationship	relationship	NOUN
aeasj-495	38	10	between	between	ADP
aeasj-495	38	11	stock	stock	NOUN
aeasj-495	38	12	market	market	NOUN
aeasj-495	38	13	performance	performance	NOUN
aeasj-495	38	14	and	and	CCONJ
aeasj-495	38	15	economic	economic	ADJ
aeasj-495	38	16	growth	growth	NOUN
aeasj-495	38	17	in	in	ADP
aeasj-495	38	18	iran	iran	PROPN
aeasj-495	38	19	using	use	VERB
aeasj-495	38	20	vector	vector	NOUN
aeasj-495	38	21	error	error	NOUN
aeasj-495	38	22	correction	correction	NOUN
aeasj-495	38	23	model	model	NOUN
aeasj-495	38	24	on	on	ADP
aeasj-495	38	25	quarterly	quarterly	ADJ
aeasj-495	38	26	time	time	NOUN
aeasj-495	38	27	series	series	PROPN
aeasj-495	38	28	data	datum	NOUN
aeasj-495	38	29	between	between	ADP
aeasj-495	38	30	1997	1997	NUM
aeasj-495	38	31	and	and	CCONJ
aeasj-495	38	32	2008	2008	NUM
aeasj-495	38	33	.	.	PUNCT
aeasj-495	39	1	the	the	DET
aeasj-495	39	2	results	result	NOUN
aeasj-495	39	3	revealed	reveal	VERB
aeasj-495	39	4	a	a	DET
aeasj-495	39	5	short	short	ADJ
aeasj-495	39	6	and	and	CCONJ
aeasj-495	39	7	long	long	ADJ
aeasj-495	39	8	run	run	NOUN
aeasj-495	39	9	interaction	interaction	NOUN
aeasj-495	39	10	between	between	ADP
aeasj-495	39	11	stock	stock	NOUN
aeasj-495	39	12	performance	performance	NOUN
aeasj-495	39	13	and	and	CCONJ
aeasj-495	39	14	economic	economic	ADJ
aeasj-495	39	15	growth	growth	NOUN
aeasj-495	39	16	in	in	ADP
aeasj-495	39	17	iran	iran	PROPN
aeasj-495	39	18	as	as	SCONJ
aeasj-495	39	19	economic	economic	ADJ
aeasj-495	39	20	activities	activity	NOUN
aeasj-495	39	21	play	play	VERB
aeasj-495	39	22	an	an	DET
aeasj-495	39	23	important	important	ADJ
aeasj-495	39	24	feature	feature	NOUN
aeasj-495	39	25	in	in	ADP
aeasj-495	39	26	stock	stock	NOUN
aeasj-495	39	27	prices	price	NOUN
aeasj-495	39	28	fluctuation	fluctuation	NOUN
aeasj-495	39	29	in	in	ADP
aeasj-495	39	30	the	the	DET
aeasj-495	39	31	long	long	ADJ
aeasj-495	39	32	run	run	NOUN
aeasj-495	39	33	.	.	PUNCT
aeasj-495	40	1	mishra	mishra	PROPN
aeasj-495	40	2	,	,	PUNCT
aeasj-495	40	3	mishra	mishra	PROPN
aeasj-495	40	4	,	,	PUNCT
aeasj-495	40	5	mishra	mishra	PROPN
aeasj-495	40	6	&	&	CCONJ
aeasj-495	40	7	mishra	mishra	PROPN
aeasj-495	40	8	(	(	PUNCT
aeasj-495	40	9	2010	2010	NUM
aeasj-495	40	10	)	)	PUNCT
aeasj-495	40	11	examined	examine	VERB
aeasj-495	40	12	the	the	DET
aeasj-495	40	13	influence	influence	NOUN
aeasj-495	40	14	of	of	ADP
aeasj-495	40	15	stock	stock	NOUN
aeasj-495	40	16	market	market	NOUN
aeasj-495	40	17	efficiency	efficiency	NOUN
aeasj-495	40	18	on	on	ADP
aeasj-495	40	19	economic	economic	ADJ
aeasj-495	40	20	growth	growth	NOUN
aeasj-495	40	21	in	in	ADP
aeasj-495	40	22	india	india	PROPN
aeasj-495	40	23	using	use	VERB
aeasj-495	40	24	multiple	multiple	ADJ
aeasj-495	40	25	regression	regression	NOUN
aeasj-495	40	26	analysis	analysis	NOUN
aeasj-495	40	27	on	on	ADP
aeasj-495	40	28	quarterly	quarterly	ADJ
aeasj-495	40	29	time	time	NOUN
aeasj-495	40	30	series	series	NOUN
aeasj-495	40	31	data	datum	NOUN
aeasj-495	40	32	such	such	ADJ
aeasj-495	40	33	as	as	ADP
aeasj-495	40	34	market	market	NOUN
aeasj-495	40	35	capitalization	capitalization	NOUN
aeasj-495	40	36	,	,	PUNCT
aeasj-495	40	37	market	market	NOUN
aeasj-495	40	38	turnover	turnover	NOUN
aeasj-495	40	39	and	and	CCONJ
aeasj-495	40	40	stock	stock	NOUN
aeasj-495	40	41	price	price	NOUN
aeasj-495	40	42	index	index	NOUN
aeasj-495	40	43	between	between	ADP
aeasj-495	40	44	1991	1991	NUM
aeasj-495	40	45	and	and	CCONJ
aeasj-495	40	46	2010	2010	NUM
aeasj-495	40	47	.	.	PUNCT
aeasj-495	41	1	the	the	DET
aeasj-495	41	2	result	result	NOUN
aeasj-495	41	3	showed	show	VERB
aeasj-495	41	4	a	a	DET
aeasj-495	41	5	nexus	nexus	NOUN
aeasj-495	41	6	between	between	ADP
aeasj-495	41	7	stock	stock	NOUN
aeasj-495	41	8	market	market	NOUN
aeasj-495	41	9	and	and	CCONJ
aeasj-495	41	10	economic	economic	ADJ
aeasj-495	41	11	growth	growth	NOUN
aeasj-495	41	12	.	.	PUNCT
aeasj-495	42	1	a	a	DET
aeasj-495	42	2	study	study	NOUN
aeasj-495	42	3	by	by	ADP
aeasj-495	42	4	koirala	koirala	PROPN
aeasj-495	42	5	(	(	PUNCT
aeasj-495	42	6	2011	2011	NUM
aeasj-495	42	7	)	)	PUNCT
aeasj-495	42	8	examined	examine	VERB
aeasj-495	42	9	the	the	DET
aeasj-495	42	10	impact	impact	NOUN
aeasj-495	42	11	of	of	ADP
aeasj-495	42	12	stock	stock	NOUN
aeasj-495	42	13	exchange	exchange	NOUN
aeasj-495	42	14	on	on	ADP
aeasj-495	42	15	gross	gross	ADJ
aeasj-495	42	16	domestic	domestic	ADJ
aeasj-495	42	17	product	product	NOUN
aeasj-495	42	18	in	in	ADP
aeasj-495	42	19	united	united	PROPN
aeasj-495	42	20	kingdom	kingdom	PROPN
aeasj-495	42	21	using	use	VERB
aeasj-495	42	22	a	a	DET
aeasj-495	42	23	multiple	multiple	ADJ
aeasj-495	42	24	regression	regression	NOUN
aeasj-495	42	25	analysis	analysis	NOUN
aeasj-495	42	26	and	and	CCONJ
aeasj-495	42	27	the	the	DET
aeasj-495	42	28	finding	finding	NOUN
aeasj-495	42	29	disclosed	disclose	VERB
aeasj-495	42	30	that	that	SCONJ
aeasj-495	42	31	market	market	NOUN
aeasj-495	42	32	capitalization	capitalization	NOUN
aeasj-495	42	33	ratio	ratio	NOUN
aeasj-495	42	34	has	have	VERB
aeasj-495	42	35	positive	positive	ADJ
aeasj-495	42	36	effect	effect	NOUN
aeasj-495	42	37	on	on	ADP
aeasj-495	42	38	gross	gross	ADJ
aeasj-495	42	39	domestic	domestic	ADJ
aeasj-495	42	40	product	product	NOUN
aeasj-495	42	41	.	.	PUNCT
aeasj-495	43	1	fynn	fynn	PROPN
aeasj-495	43	2	(	(	PUNCT
aeasj-495	43	3	2012	2012	NUM
aeasj-495	43	4	)	)	PUNCT
aeasj-495	43	5	examined	examine	VERB
aeasj-495	43	6	the	the	DET
aeasj-495	43	7	effect	effect	NOUN
aeasj-495	43	8	of	of	ADP
aeasj-495	43	9	the	the	DET
aeasj-495	43	10	stock	stock	NOUN
aeasj-495	43	11	market	market	NOUN
aeasj-495	43	12	on	on	ADP
aeasj-495	43	13	economic	economic	ADJ
aeasj-495	43	14	growth	growth	NOUN
aeasj-495	43	15	in	in	ADP
aeasj-495	43	16	selected	select	VERB
aeasj-495	43	17	countries	country	NOUN
aeasj-495	43	18	using	use	VERB
aeasj-495	43	19	the	the	DET
aeasj-495	43	20	generalized	generalized	ADJ
aeasj-495	43	21	least	least	ADJ
aeasj-495	43	22	squares	square	NOUN
aeasj-495	43	23	techniques	technique	NOUN
aeasj-495	43	24	on	on	ADP
aeasj-495	43	25	annual	annual	ADJ
aeasj-495	43	26	panel	panel	NOUN
aeasj-495	43	27	data	datum	NOUN
aeasj-495	43	28	between	between	ADP
aeasj-495	43	29	2005	2005	NUM
aeasj-495	43	30	and	and	CCONJ
aeasj-495	43	31	2010	2010	NUM
aeasj-495	43	32	.	.	PUNCT
aeasj-495	44	1	the	the	DET
aeasj-495	44	2	result	result	NOUN
aeasj-495	44	3	showed	show	VERB
aeasj-495	44	4	that	that	SCONJ
aeasj-495	44	5	the	the	DET
aeasj-495	44	6	nature	nature	NOUN
aeasj-495	44	7	of	of	ADP
aeasj-495	44	8	stock	stock	NOUN
aeasj-495	44	9	market	market	NOUN
aeasj-495	44	10	influence	influence	NOUN
aeasj-495	44	11	on	on	ADP
aeasj-495	44	12	growth	growth	NOUN
aeasj-495	44	13	is	be	AUX
aeasj-495	44	14	country	country	NOUN
aeasj-495	44	15	and	and	CCONJ
aeasj-495	44	16	time	time	NOUN
aeasj-495	44	17	specific	specific	ADJ
aeasj-495	44	18	.	.	PUNCT
aeasj-495	45	1	wang	wang	PROPN
aeasj-495	45	2	and	and	CCONJ
aeasj-495	45	3	ajit	ajit	PROPN
aeasj-495	45	4	(	(	PUNCT
aeasj-495	45	5	2013	2013	NUM
aeasj-495	45	6	)	)	PUNCT
aeasj-495	45	7	examined	examine	VERB
aeasj-495	45	8	the	the	DET
aeasj-495	45	9	influence	influence	NOUN
aeasj-495	45	10	of	of	ADP
aeasj-495	45	11	stock	stock	NOUN
aeasj-495	45	12	market	market	NOUN
aeasj-495	45	13	development	development	NOUN
aeasj-495	45	14	on	on	ADP
aeasj-495	45	15	economic	economic	ADJ
aeasj-495	45	16	growth	growth	NOUN
aeasj-495	45	17	in	in	ADP
aeasj-495	45	18	china	china	PROPN
aeasj-495	45	19	using	use	VERB
aeasj-495	45	20	cointegration	cointegration	NOUN
aeasj-495	45	21	approach	approach	NOUN
aeasj-495	45	22	on	on	ADP
aeasj-495	45	23	quarterly	quarterly	ADJ
aeasj-495	45	24	data	datum	NOUN
aeasj-495	45	25	between	between	ADP
aeasj-495	45	26	1996	1996	NUM
aeasj-495	45	27	and	and	CCONJ
aeasj-495	45	28	2011	2011	NUM
aeasj-495	45	29	.	.	PUNCT
aeasj-495	46	1	the	the	DET
aeasj-495	46	2	result	result	NOUN
aeasj-495	46	3	revealed	reveal	VERB
aeasj-495	46	4	that	that	SCONJ
aeasj-495	46	5	stock	stock	NOUN
aeasj-495	46	6	market	market	NOUN
aeasj-495	46	7	development	development	NOUN
aeasj-495	46	8	has	have	VERB
aeasj-495	46	9	a	a	DET
aeasj-495	46	10	negative	negative	ADJ
aeasj-495	46	11	influence	influence	NOUN
aeasj-495	46	12	on	on	ADP
aeasj-495	46	13	economic	economic	ADJ
aeasj-495	46	14	growth	growth	NOUN
aeasj-495	46	15	as	as	SCONJ
aeasj-495	46	16	its	its	PRON
aeasj-495	46	17	activities	activity	NOUN
aeasj-495	46	18	are	be	AUX
aeasj-495	46	19	administrative	administrative	ADV
aeasj-495	46	20	-	-	PUNCT
aeasj-495	46	21	driven	drive	VERB
aeasj-495	46	22	.	.	PUNCT
aeasj-495	47	1	ikikii	ikikii	PROPN
aeasj-495	47	2	&	&	CCONJ
aeasj-495	47	3	nzomoi	nzomoi	PROPN
aeasj-495	47	4	(	(	PUNCT
aeasj-495	47	5	2013	2013	NUM
aeasj-495	47	6	)	)	PUNCT
aeasj-495	47	7	examined	examine	VERB
aeasj-495	47	8	the	the	DET
aeasj-495	47	9	influence	influence	NOUN
aeasj-495	47	10	of	of	ADP
aeasj-495	47	11	stock	stock	NOUN
aeasj-495	47	12	market	market	NOUN
aeasj-495	47	13	development	development	NOUN
aeasj-495	47	14	on	on	ADP
aeasj-495	47	15	economic	economic	ADJ
aeasj-495	47	16	growth	growth	NOUN
aeasj-495	47	17	in	in	ADP
aeasj-495	47	18	kenya	kenya	NOUN
aeasj-495	47	19	using	use	VERB
aeasj-495	47	20	multiple	multiple	ADJ
aeasj-495	47	21	regression	regression	NOUN
aeasj-495	47	22	on	on	ADP
aeasj-495	47	23	quarterly	quarterly	ADJ
aeasj-495	47	24	data	datum	NOUN
aeasj-495	47	25	such	such	ADJ
aeasj-495	47	26	as	as	ADP
aeasj-495	47	27	trade	trade	NOUN
aeasj-495	47	28	volume	volume	NOUN
aeasj-495	47	29	,	,	PUNCT
aeasj-495	47	30	market	market	NOUN
aeasj-495	47	31	capitalization	capitalization	NOUN
aeasj-495	47	32	and	and	CCONJ
aeasj-495	47	33	economic	economic	ADJ
aeasj-495	47	34	growth	growth	NOUN
aeasj-495	47	35	between	between	ADP
aeasj-495	47	36	2000	2000	NUM
aeasj-495	47	37	and	and	CCONJ
aeasj-495	47	38	2011	2011	NUM
aeasj-495	47	39	.	.	PUNCT
aeasj-495	48	1	the	the	DET
aeasj-495	48	2	result	result	NOUN
aeasj-495	48	3	revealed	reveal	VERB
aeasj-495	48	4	that	that	SCONJ
aeasj-495	48	5	stock	stock	NOUN
aeasj-495	48	6	market	market	NOUN
aeasj-495	48	7	development	development	NOUN
aeasj-495	48	8	has	have	VERB
aeasj-495	48	9	a	a	DET
aeasj-495	48	10	positive	positive	ADJ
aeasj-495	48	11	influence	influence	NOUN
aeasj-495	48	12	on	on	ADP
aeasj-495	48	13	economic	economic	ADJ
aeasj-495	48	14	growth	growth	NOUN
aeasj-495	48	15	.	.	PUNCT
aeasj-495	49	1	similarly	similarly	ADV
aeasj-495	49	2	,	,	PUNCT
aeasj-495	49	3	ishioro	ishioro	PROPN
aeasj-495	49	4	(	(	PUNCT
aeasj-495	49	5	2013	2013	NUM
aeasj-495	49	6	)	)	PUNCT
aeasj-495	49	7	examined	examine	VERB
aeasj-495	49	8	the	the	DET
aeasj-495	49	9	causal	causal	ADJ
aeasj-495	49	10	linkage	linkage	NOUN
aeasj-495	49	11	existing	exist	VERB
aeasj-495	49	12	between	between	ADP
aeasj-495	49	13	stock	stock	NOUN
aeasj-495	49	14	market	market	NOUN
aeasj-495	49	15	development	development	NOUN
aeasj-495	49	16	and	and	CCONJ
aeasj-495	49	17	economic	economic	ADJ
aeasj-495	49	18	growth	growth	NOUN
aeasj-495	49	19	in	in	ADP
aeasj-495	49	20	zimbabwe	zimbabwe	ADJ
aeasj-495	49	21	using	use	VERB
aeasj-495	49	22	the	the	DET
aeasj-495	49	23	long	long	ADV
aeasj-495	49	24	-	-	PUNCT
aeasj-495	49	25	run	run	VERB
aeasj-495	49	26	non	non	ADJ
aeasj-495	49	27	-	-	ADJ
aeasj-495	49	28	causality	causality	NOUN
aeasj-495	49	29	technique	technique	NOUN
aeasj-495	49	30	on	on	ADP
aeasj-495	49	31	quarterly	quarterly	ADJ
aeasj-495	49	32	data	datum	NOUN
aeasj-495	49	33	such	such	ADJ
aeasj-495	49	34	as	as	ADP
aeasj-495	49	35	market	market	NOUN
aeasj-495	49	36	capitalization	capitalization	NOUN
aeasj-495	49	37	and	and	CCONJ
aeasj-495	49	38	gdp	gdp	NOUN
aeasj-495	49	39	growth	growth	NOUN
aeasj-495	49	40	rate	rate	NOUN
aeasj-495	49	41	between	between	ADP
aeasj-495	49	42	1990	1990	NUM
aeasj-495	49	43	and	and	CCONJ
aeasj-495	49	44	2010	2010	NUM
aeasj-495	49	45	.	.	PUNCT
aeasj-495	50	1	the	the	DET
aeasj-495	50	2	results	result	NOUN
aeasj-495	50	3	revealed	reveal	VERB
aeasj-495	50	4	a	a	DET
aeasj-495	50	5	bi	bi	ADJ
aeasj-495	50	6	-	-	ADJ
aeasj-495	50	7	directional	directional	ADJ
aeasj-495	50	8	relationship	relationship	NOUN
aeasj-495	50	9	between	between	ADP
aeasj-495	50	10	economic	economic	ADJ
aeasj-495	50	11	growth	growth	NOUN
aeasj-495	50	12	and	and	CCONJ
aeasj-495	50	13	stock	stock	NOUN
aeasj-495	50	14	market	market	NOUN
aeasj-495	50	15	development	development	NOUN
aeasj-495	50	16	.	.	PUNCT
aeasj-495	51	1	pan	pan	PROPN
aeasj-495	51	2	and	and	CCONJ
aeasj-495	51	3	mishra	mishra	PROPN
aeasj-495	51	4	(	(	PUNCT
aeasj-495	51	5	2016	2016	NUM
aeasj-495	51	6	)	)	PUNCT
aeasj-495	51	7	examined	examine	VERB
aeasj-495	51	8	the	the	DET
aeasj-495	51	9	relationship	relationship	NOUN
aeasj-495	51	10	between	between	ADP
aeasj-495	51	11	stock	stock	NOUN
aeasj-495	51	12	market	market	NOUN
aeasj-495	51	13	development	development	NOUN
aeasj-495	51	14	and	and	CCONJ
aeasj-495	51	15	economic	economic	ADJ
aeasj-495	51	16	growth	growth	NOUN
aeasj-495	51	17	in	in	ADP
aeasj-495	51	18	china	china	PROPN
aeasj-495	51	19	using	use	VERB
aeasj-495	51	20	the	the	DET
aeasj-495	51	21	autoregressive	autoregressive	ADJ
aeasj-495	51	22	distributed	distribute	VERB
aeasj-495	51	23	lag	lag	NOUN
aeasj-495	51	24	estimation	estimation	NOUN
aeasj-495	51	25	technique	technique	NOUN
aeasj-495	51	26	and	and	CCONJ
aeasj-495	51	27	the	the	DET
aeasj-495	51	28	results	result	NOUN
aeasj-495	51	29	revealed	reveal	VERB
aeasj-495	51	30	that	that	SCONJ
aeasj-495	51	31	global	global	ADJ
aeasj-495	51	32	financial	financial	ADJ
aeasj-495	51	33	crises	crisis	NOUN
aeasj-495	51	34	(	(	PUNCT
aeasj-495	51	35	gfc	gfc	NOUN
aeasj-495	51	36	)	)	PUNCT
aeasj-495	51	37	had	have	VERB
aeasj-495	51	38	a	a	DET
aeasj-495	51	39	substantial	substantial	ADJ
aeasj-495	51	40	influence	influence	NOUN
aeasj-495	51	41	on	on	ADP
aeasj-495	51	42	various	various	ADJ
aeasj-495	51	43	economic	economic	ADJ
aeasj-495	51	44	activities	activity	NOUN
aeasj-495	51	45	as	as	SCONJ
aeasj-495	51	46	stock	stock	NOUN
aeasj-495	51	47	market	market	NOUN
aeasj-495	51	48	has	have	VERB
aeasj-495	51	49	a	a	DET
aeasj-495	51	50	negative	negative	ADJ
aeasj-495	51	51	influence	influence	NOUN
aeasj-495	51	52	on	on	ADP
aeasj-495	51	53	the	the	DET
aeasj-495	51	54	economy	economy	NOUN
aeasj-495	51	55	.	.	PUNCT
aeasj-495	52	1	similarly	similarly	ADV
aeasj-495	52	2	,	,	PUNCT
aeasj-495	52	3	an	an	DET
aeasj-495	52	4	evidence	evidence	NOUN
aeasj-495	52	5	of	of	ADP
aeasj-495	52	6	a	a	DET
aeasj-495	52	7	demand	demand	NOUN
aeasj-495	52	8	driven	drive	VERB
aeasj-495	52	9	hypothesis	hypothesis	NOUN
aeasj-495	52	10	was	be	AUX
aeasj-495	52	11	observed	observe	VERB
aeasj-495	52	12	as	as	ADP
aeasj-495	52	13	economic	economic	ADJ
aeasj-495	52	14	growth	growth	NOUN
aeasj-495	52	15	influence	influence	NOUN
aeasj-495	52	16	stock	stock	NOUN
aeasj-495	52	17	market	market	NOUN
aeasj-495	52	18	development	development	NOUN
aeasj-495	52	19	.	.	PUNCT
aeasj-495	53	1	in	in	ADP
aeasj-495	53	2	nigeria	nigeria	PROPN
aeasj-495	53	3	,	,	PUNCT
aeasj-495	53	4	several	several	ADJ
aeasj-495	53	5	studies	study	NOUN
aeasj-495	53	6	have	have	AUX
aeasj-495	53	7	examined	examine	VERB
aeasj-495	53	8	the	the	DET
aeasj-495	53	9	nature	nature	NOUN
aeasj-495	53	10	of	of	ADP
aeasj-495	53	11	the	the	DET
aeasj-495	53	12	interaction	interaction	NOUN
aeasj-495	53	13	between	between	ADP
aeasj-495	53	14	stock	stock	NOUN
aeasj-495	53	15	market	market	NOUN
aeasj-495	53	16	activities	activity	NOUN
aeasj-495	53	17	and	and	CCONJ
aeasj-495	53	18	economic	economic	ADJ
aeasj-495	53	19	growth	growth	NOUN
aeasj-495	53	20	but	but	CCONJ
aeasj-495	53	21	their	their	PRON
aeasj-495	53	22	measurement	measurement	NOUN
aeasj-495	53	23	of	of	ADP
aeasj-495	53	24	variables	variable	NOUN
aeasj-495	53	25	and	and	CCONJ
aeasj-495	53	26	results	result	VERB
aeasj-495	53	27	yield	yield	VERB
aeasj-495	53	28	mix	mix	NOUN
aeasj-495	53	29	reports	report	NOUN
aeasj-495	53	30	.	.	PUNCT
aeasj-495	54	1	for	for	ADP
aeasj-495	54	2	instance	instance	NOUN
aeasj-495	54	3	,	,	PUNCT
aeasj-495	54	4	kolapo	kolapo	PROPN
aeasj-495	54	5	&	&	CCONJ
aeasj-495	54	6	adaramola	adaramola	PROPN
aeasj-495	54	7	(	(	PUNCT
aeasj-495	54	8	2012	2012	NUM
aeasj-495	54	9	)	)	PUNCT
aeasj-495	54	10	examined	examine	VERB
aeasj-495	54	11	the	the	DET
aeasj-495	54	12	influence	influence	NOUN
aeasj-495	54	13	of	of	ADP
aeasj-495	54	14	stock	stock	NOUN
aeasj-495	54	15	market	market	NOUN
aeasj-495	54	16	on	on	ADP
aeasj-495	54	17	economic	economic	ADJ
aeasj-495	54	18	growth	growth	NOUN
aeasj-495	54	19	in	in	ADP
aeasj-495	54	20	nigeria	nigeria	PROPN
aeasj-495	54	21	using	use	VERB
aeasj-495	54	22	co	co	NOUN
aeasj-495	54	23	-	-	NOUN
aeasj-495	54	24	integration	integration	NOUN
aeasj-495	54	25	and	and	CCONJ
aeasj-495	54	26	granger	granger	PROPN
aeasj-495	54	27	causality	causality	PROPN
aeasj-495	54	28	test	test	NOUN
aeasj-495	54	29	on	on	ADP
aeasj-495	54	30	annual	annual	ADJ
aeasj-495	54	31	data	datum	NOUN
aeasj-495	54	32	such	such	ADJ
aeasj-495	54	33	as	as	ADP
aeasj-495	54	34	gross	gross	ADJ
aeasj-495	54	35	domestic	domestic	ADJ
aeasj-495	54	36	product	product	NOUN
aeasj-495	54	37	,	,	PUNCT
aeasj-495	54	38	market	market	NOUN
aeasj-495	54	39	capitalization	capitalization	NOUN
aeasj-495	54	40	,	,	PUNCT
aeasj-495	54	41	total	total	ADJ
aeasj-495	54	42	transactions	transaction	NOUN
aeasj-495	54	43	and	and	CCONJ
aeasj-495	54	44	listed	list	VERB
aeasj-495	54	45	equities	equity	NOUN
aeasj-495	54	46	.	.	PUNCT
aeasj-495	55	1	the	the	DET
aeasj-495	55	2	results	result	NOUN
aeasj-495	55	3	showed	show	VERB
aeasj-495	55	4	that	that	SCONJ
aeasj-495	55	5	stock	stock	NOUN
aeasj-495	55	6	market	market	NOUN
aeasj-495	55	7	activities	activity	NOUN
aeasj-495	55	8	have	have	VERB
aeasj-495	55	9	positive	positive	ADJ
aeasj-495	55	10	influence	influence	NOUN
aeasj-495	55	11	on	on	ADP
aeasj-495	55	12	economic	economic	ADJ
aeasj-495	55	13	growth	growth	NOUN
aeasj-495	55	14	.	.	PUNCT
aeasj-495	56	1	equally	equally	ADV
aeasj-495	56	2	,	,	PUNCT
aeasj-495	56	3	okodua	okodua	PROPN
aeasj-495	56	4	&	&	CCONJ
aeasj-495	56	5	ewetan	ewetan	PROPN
aeasj-495	56	6	(	(	PUNCT
aeasj-495	56	7	2013	2013	NUM
aeasj-495	56	8	)	)	PUNCT
aeasj-495	56	9	examined	examine	VERB
aeasj-495	56	10	the	the	DET
aeasj-495	56	11	influence	influence	NOUN
aeasj-495	56	12	of	of	ADP
aeasj-495	56	13	stock	stock	NOUN
aeasj-495	56	14	market	market	NOUN
aeasj-495	56	15	performance	performance	NOUN
aeasj-495	56	16	and	and	CCONJ
aeasj-495	56	17	sustainable	sustainable	ADJ
aeasj-495	56	18	economic	economic	ADJ
aeasj-495	56	19	growth	growth	NOUN
aeasj-495	56	20	in	in	ADP
aeasj-495	56	21	nigeria	nigeria	PROPN
aeasj-495	56	22	using	use	VERB
aeasj-495	56	23	the	the	DET
aeasj-495	56	24	autoregressive	autoregressive	ADJ
aeasj-495	56	25	distributed	distribute	VERB
aeasj-495	56	26	lag	lag	NOUN
aeasj-495	56	27	estimation	estimation	NOUN
aeasj-495	56	28	technique	technique	NOUN
aeasj-495	56	29	and	and	CCONJ
aeasj-495	56	30	the	the	DET
aeasj-495	56	31	result	result	NOUN
aeasj-495	56	32	revealed	reveal	VERB
aeasj-495	56	33	that	that	SCONJ
aeasj-495	56	34	economic	economic	ADJ
aeasj-495	56	35	growth	growth	NOUN
aeasj-495	56	36	is	be	AUX
aeasj-495	56	37	insignificant	insignificant	ADJ
aeasj-495	56	38	to	to	PART
aeasj-495	56	39	stock	stock	NOUN
aeasj-495	56	40	market	market	NOUN
aeasj-495	56	41	performance	performance	NOUN
aeasj-495	56	42	.	.	PUNCT
aeasj-495	57	1	okoye	okoye	PROPN
aeasj-495	57	2	&	&	CCONJ
aeasj-495	57	3	nwisienyi	nwisienyi	PROPN
aeasj-495	57	4	(	(	PUNCT
aeasj-495	57	5	2013	2013	NUM
aeasj-495	57	6	)	)	PUNCT
aeasj-495	57	7	examined	examine	VERB
aeasj-495	57	8	the	the	DET
aeasj-495	57	9	influence	influence	NOUN
aeasj-495	57	10	of	of	ADP
aeasj-495	57	11	stock	stock	NOUN
aeasj-495	57	12	market	market	NOUN
aeasj-495	57	13	on	on	ADP
aeasj-495	57	14	economic	economic	ADJ
aeasj-495	57	15	growth	growth	NOUN
aeasj-495	57	16	in	in	ADP
aeasj-495	57	17	nigeria	nigeria	PROPN
aeasj-495	57	18	using	use	VERB
aeasj-495	57	19	multiple	multiple	ADJ
aeasj-495	57	20	regression	regression	NOUN
aeasj-495	57	21	analysis	analysis	NOUN
aeasj-495	57	22	on	on	ADP
aeasj-495	57	23	annual	annual	ADJ
aeasj-495	57	24	data	datum	NOUN
aeasj-495	57	25	such	such	ADJ
aeasj-495	57	26	as	as	ADP
aeasj-495	57	27	all	all	DET
aeasj-495	57	28	share	share	NOUN
aeasj-495	57	29	index	index	NOUN
aeasj-495	57	30	,	,	PUNCT
aeasj-495	57	31	market	market	NOUN
aeasj-495	57	32	value	value	NOUN
aeasj-495	57	33	,	,	PUNCT
aeasj-495	57	34	capitalisation	capitalisation	NOUN
aeasj-495	57	35	and	and	CCONJ
aeasj-495	57	36	gdp	gdp	NOUN
aeasj-495	57	37	between	between	ADP
aeasj-495	57	38	2000	2000	NUM
aeasj-495	57	39	and	and	CCONJ
aeasj-495	57	40	2010	2010	NUM
aeasj-495	57	41	.	.	PUNCT
aeasj-495	58	1	the	the	DET
aeasj-495	58	2	result	result	NOUN
aeasj-495	58	3	revealed	reveal	VERB
aeasj-495	58	4	that	that	SCONJ
aeasj-495	58	5	stock	stock	NOUN
aeasj-495	58	6	market	market	NOUN
aeasj-495	58	7	has	have	VERB
aeasj-495	58	8	a	a	DET
aeasj-495	58	9	significant	significant	ADJ
aeasj-495	58	10	influence	influence	NOUN
aeasj-495	58	11	on	on	ADP
aeasj-495	58	12	economic	economic	ADJ
aeasj-495	58	13	growth	growth	NOUN
aeasj-495	58	14	.	.	PUNCT
aeasj-495	59	1	echekoba	echekoba	NOUN
aeasj-495	59	2	,	,	PUNCT
aeasj-495	59	3	ezu	ezu	NOUN
aeasj-495	59	4	and	and	CCONJ
aeasj-495	59	5	egbunike	egbunike	ADJ
aeasj-495	59	6	(	(	PUNCT
aeasj-495	59	7	2013	2013	NUM
aeasj-495	59	8	)	)	PUNCT
aeasj-495	59	9	examined	examine	VERB
aeasj-495	59	10	the	the	DET
aeasj-495	59	11	influence	influence	NOUN
aeasj-495	59	12	of	of	ADP
aeasj-495	59	13	stock	stock	NOUN
aeasj-495	59	14	market	market	NOUN
aeasj-495	59	15	on	on	ADP
aeasj-495	59	16	economic	economic	ADJ
aeasj-495	59	17	growth	growth	NOUN
aeasj-495	59	18	in	in	ADP
aeasj-495	59	19	nigeria	nigeria	PROPN
aeasj-495	59	20	using	use	VERB
aeasj-495	59	21	multivariate	multivariate	NOUN
aeasj-495	59	22	regression	regression	NOUN
aeasj-495	59	23	on	on	ADP
aeasj-495	59	24	copyright	copyright	NOUN
aeasj-495	59	25	©	©	PROPN
aeasj-495	59	26	cc	cc	PROPN
aeasj-495	59	27	-	-	PUNCT
aeasj-495	59	28	by	by	ADP
aeasj-495	59	29	-	-	PUNCT
aeasj-495	59	30	nc	nc	PROPN
aeasj-495	59	31	2020	2020	NUM
aeasj-495	59	32	,	,	PUNCT
aeasj-495	59	33	cribfb	cribfb	PROPN
aeasj-495	59	34	|	|	ADV
aeasj-495	59	35	aesr	aesr	ADV
aeasj-495	59	36	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-495	59	37	american	american	PROPN
aeasj-495	59	38	economic	economic	PROPN
aeasj-495	59	39	&	&	CCONJ
aeasj-495	59	40	social	social	PROPN
aeasj-495	59	41	review	review	PROPN
aeasj-495	59	42	vol	vol	NOUN
aeasj-495	59	43	.	.	PROPN
aeasj-495	60	1	6	6	NUM
aeasj-495	60	2	,	,	PUNCT
aeasj-495	60	3	no	no	INTJ
aeasj-495	60	4	.	.	NOUN
aeasj-495	60	5	1	1	NUM
aeasj-495	60	6	;	;	PUNCT
aeasj-495	60	7	2020	2020	NUM
aeasj-495	60	8	3	3	NUM
aeasj-495	60	9	annualized	annualize	VERB
aeasj-495	60	10	data	datum	NOUN
aeasj-495	60	11	such	such	ADJ
aeasj-495	60	12	as	as	ADP
aeasj-495	60	13	all	all	DET
aeasj-495	60	14	share	share	NOUN
aeasj-495	60	15	index	index	NOUN
aeasj-495	60	16	,	,	PUNCT
aeasj-495	60	17	market	market	NOUN
aeasj-495	60	18	capitalisation	capitalisation	NOUN
aeasj-495	60	19	and	and	CCONJ
aeasj-495	60	20	gdp	gdp	NOUN
aeasj-495	60	21	between	between	ADP
aeasj-495	60	22	1999	1999	NUM
aeasj-495	60	23	and	and	CCONJ
aeasj-495	60	24	2011	2011	NUM
aeasj-495	60	25	.	.	PUNCT
aeasj-495	61	1	the	the	DET
aeasj-495	61	2	result	result	NOUN
aeasj-495	61	3	revealed	reveal	VERB
aeasj-495	61	4	that	that	SCONJ
aeasj-495	61	5	market	market	NOUN
aeasj-495	61	6	capitalization	capitalization	NOUN
aeasj-495	61	7	and	and	CCONJ
aeasj-495	61	8	all	all	DET
aeasj-495	61	9	share	share	NOUN
aeasj-495	61	10	index	index	NOUN
aeasj-495	61	11	have	have	VERB
aeasj-495	61	12	positive	positive	ADJ
aeasj-495	61	13	influence	influence	NOUN
aeasj-495	61	14	on	on	ADP
aeasj-495	61	15	economic	economic	ADJ
aeasj-495	61	16	growth	growth	NOUN
aeasj-495	61	17	.	.	PUNCT
aeasj-495	62	1	equally	equally	ADV
aeasj-495	62	2	,	,	PUNCT
aeasj-495	62	3	jibril	jibril	PROPN
aeasj-495	62	4	,	,	PUNCT
aeasj-495	62	5	salihi	salihi	PROPN
aeasj-495	62	6	,	,	PUNCT
aeasj-495	62	7	wambai	wambai	PROPN
aeasj-495	62	8	,	,	PUNCT
aeasj-495	62	9	ibrahim	ibrahim	PROPN
aeasj-495	62	10	,	,	PUNCT
aeasj-495	62	11	muhammad	muhammad	PROPN
aeasj-495	62	12	&	&	CCONJ
aeasj-495	62	13	ahmad	ahmad	PROPN
aeasj-495	62	14	(	(	PUNCT
aeasj-495	62	15	2015	2015	NUM
aeasj-495	62	16	)	)	PUNCT
aeasj-495	62	17	examined	examine	VERB
aeasj-495	62	18	the	the	DET
aeasj-495	62	19	influence	influence	NOUN
aeasj-495	62	20	of	of	ADP
aeasj-495	62	21	stock	stock	NOUN
aeasj-495	62	22	market	market	NOUN
aeasj-495	62	23	development	development	NOUN
aeasj-495	62	24	on	on	ADP
aeasj-495	62	25	economic	economic	ADJ
aeasj-495	62	26	growth	growth	NOUN
aeasj-495	62	27	in	in	ADP
aeasj-495	62	28	nigeria	nigeria	PROPN
aeasj-495	62	29	using	use	VERB
aeasj-495	62	30	multiple	multiple	ADJ
aeasj-495	62	31	correlation	correlation	NOUN
aeasj-495	62	32	and	and	CCONJ
aeasj-495	62	33	regression	regression	VERB
aeasj-495	62	34	analysis	analysis	NOUN
aeasj-495	62	35	on	on	ADP
aeasj-495	62	36	annual	annual	ADJ
aeasj-495	62	37	data	datum	NOUN
aeasj-495	62	38	such	such	ADJ
aeasj-495	62	39	as	as	ADP
aeasj-495	62	40	value	value	NOUN
aeasj-495	62	41	of	of	ADP
aeasj-495	62	42	stock	stock	NOUN
aeasj-495	62	43	traded	trade	VERB
aeasj-495	62	44	,	,	PUNCT
aeasj-495	62	45	market	market	NOUN
aeasj-495	62	46	size	size	NOUN
aeasj-495	62	47	,	,	PUNCT
aeasj-495	62	48	capitalisation	capitalisation	NOUN
aeasj-495	62	49	and	and	CCONJ
aeasj-495	62	50	gdp	gdp	NOUN
aeasj-495	62	51	between	between	ADP
aeasj-495	62	52	1990	1990	NUM
aeasj-495	62	53	and	and	CCONJ
aeasj-495	62	54	2010	2010	NUM
aeasj-495	62	55	.	.	PUNCT
aeasj-495	63	1	the	the	DET
aeasj-495	63	2	result	result	NOUN
aeasj-495	63	3	showed	show	VERB
aeasj-495	63	4	that	that	SCONJ
aeasj-495	63	5	market	market	NOUN
aeasj-495	63	6	capitalization	capitalization	NOUN
aeasj-495	63	7	and	and	CCONJ
aeasj-495	63	8	value	value	NOUN
aeasj-495	63	9	of	of	ADP
aeasj-495	63	10	stock	stock	NOUN
aeasj-495	63	11	traded	trade	VERB
aeasj-495	63	12	exact	exact	ADV
aeasj-495	63	13	a	a	DET
aeasj-495	63	14	negative	negative	ADJ
aeasj-495	63	15	influence	influence	NOUN
aeasj-495	63	16	on	on	ADP
aeasj-495	63	17	economic	economic	ADJ
aeasj-495	63	18	growth	growth	NOUN
aeasj-495	63	19	while	while	SCONJ
aeasj-495	63	20	turnover	turnover	NOUN
aeasj-495	63	21	exacts	exact	VERB
aeasj-495	63	22	a	a	DET
aeasj-495	63	23	positive	positive	ADJ
aeasj-495	63	24	influence	influence	NOUN
aeasj-495	63	25	on	on	ADP
aeasj-495	63	26	economic	economic	ADJ
aeasj-495	63	27	growth	growth	NOUN
aeasj-495	63	28	.	.	PUNCT
aeasj-495	64	1	afolabi	afolabi	NOUN
aeasj-495	64	2	(	(	PUNCT
aeasj-495	64	3	2015	2015	NUM
aeasj-495	64	4	)	)	PUNCT
aeasj-495	64	5	assessed	assess	VERB
aeasj-495	64	6	the	the	DET
aeasj-495	64	7	influence	influence	NOUN
aeasj-495	64	8	of	of	ADP
aeasj-495	64	9	stock	stock	NOUN
aeasj-495	64	10	market	market	NOUN
aeasj-495	64	11	on	on	ADP
aeasj-495	64	12	the	the	DET
aeasj-495	64	13	nigerian	nigerian	ADJ
aeasj-495	64	14	economy	economy	NOUN
aeasj-495	64	15	using	use	VERB
aeasj-495	64	16	multiple	multiple	ADJ
aeasj-495	64	17	regression	regression	NOUN
aeasj-495	64	18	analysis	analysis	NOUN
aeasj-495	64	19	on	on	ADP
aeasj-495	64	20	annual	annual	ADJ
aeasj-495	64	21	data	datum	NOUN
aeasj-495	64	22	such	such	ADJ
aeasj-495	64	23	as	as	ADP
aeasj-495	64	24	gross	gross	ADJ
aeasj-495	64	25	domestic	domestic	ADJ
aeasj-495	64	26	product	product	NOUN
aeasj-495	64	27	,	,	PUNCT
aeasj-495	64	28	market	market	NOUN
aeasj-495	64	29	capitalization	capitalization	NOUN
aeasj-495	64	30	,	,	PUNCT
aeasj-495	64	31	foreign	foreign	ADJ
aeasj-495	64	32	direct	direct	ADJ
aeasj-495	64	33	investment	investment	NOUN
aeasj-495	64	34	,	,	PUNCT
aeasj-495	64	35	inflation	inflation	NOUN
aeasj-495	64	36	rates	rate	NOUN
aeasj-495	64	37	,	,	PUNCT
aeasj-495	64	38	new	new	ADJ
aeasj-495	64	39	issues	issue	NOUN
aeasj-495	64	40	,	,	PUNCT
aeasj-495	64	41	transaction	transaction	NOUN
aeasj-495	64	42	values	value	NOUN
aeasj-495	64	43	and	and	CCONJ
aeasj-495	64	44	listed	list	VERB
aeasj-495	64	45	firms	firm	NOUN
aeasj-495	64	46	between	between	ADP
aeasj-495	64	47	1992	1992	NUM
aeasj-495	64	48	and	and	CCONJ
aeasj-495	64	49	2011	2011	NUM
aeasj-495	64	50	.	.	PUNCT
aeasj-495	65	1	the	the	DET
aeasj-495	65	2	result	result	NOUN
aeasj-495	65	3	of	of	ADP
aeasj-495	65	4	the	the	DET
aeasj-495	65	5	data	datum	NOUN
aeasj-495	65	6	analysis	analysis	NOUN
aeasj-495	65	7	revealed	reveal	VERB
aeasj-495	65	8	an	an	DET
aeasj-495	65	9	insignificant	insignificant	ADJ
aeasj-495	65	10	interaction	interaction	NOUN
aeasj-495	65	11	between	between	ADP
aeasj-495	65	12	stock	stock	NOUN
aeasj-495	65	13	market	market	NOUN
aeasj-495	65	14	and	and	CCONJ
aeasj-495	65	15	the	the	DET
aeasj-495	65	16	nigerian	nigerian	ADJ
aeasj-495	65	17	economy	economy	NOUN
aeasj-495	65	18	.	.	PUNCT
aeasj-495	66	1	popoola	popoola	PROPN
aeasj-495	66	2	,	,	PUNCT
aeasj-495	66	3	ejemeyovwi	ejemeyovwi	VERB
aeasj-495	66	4	,	,	PUNCT
aeasj-495	66	5	alefe	alefe	NOUN
aeasj-495	66	6	,	,	PUNCT
aeasj-495	66	7	adu	adu	PROPN
aeasj-495	66	8	&	&	CCONJ
aeasj-495	66	9	onabote	onabote	PROPN
aeasj-495	66	10	(	(	PUNCT
aeasj-495	66	11	2017	2017	NUM
aeasj-495	66	12	)	)	PUNCT
aeasj-495	66	13	examined	examine	VERB
aeasj-495	66	14	the	the	DET
aeasj-495	66	15	influence	influence	NOUN
aeasj-495	66	16	of	of	ADP
aeasj-495	66	17	stock	stock	NOUN
aeasj-495	66	18	market	market	NOUN
aeasj-495	66	19	on	on	ADP
aeasj-495	66	20	and	and	CCONJ
aeasj-495	66	21	economic	economic	ADJ
aeasj-495	66	22	growth	growth	NOUN
aeasj-495	66	23	in	in	ADP
aeasj-495	66	24	nigeria	nigeria	PROPN
aeasj-495	66	25	using	use	VERB
aeasj-495	66	26	the	the	DET
aeasj-495	66	27	error	error	NOUN
aeasj-495	66	28	correction	correction	NOUN
aeasj-495	66	29	model	model	NOUN
aeasj-495	66	30	on	on	ADP
aeasj-495	66	31	annualized	annualize	VERB
aeasj-495	66	32	data	datum	NOUN
aeasj-495	66	33	such	such	ADJ
aeasj-495	66	34	as	as	ADP
aeasj-495	66	35	real	real	ADJ
aeasj-495	66	36	gross	gross	ADJ
aeasj-495	66	37	domestic	domestic	ADJ
aeasj-495	66	38	product	product	NOUN
aeasj-495	66	39	,	,	PUNCT
aeasj-495	66	40	gross	gross	ADJ
aeasj-495	66	41	capital	capital	NOUN
aeasj-495	66	42	formation	formation	NOUN
aeasj-495	66	43	,	,	PUNCT
aeasj-495	66	44	market	market	NOUN
aeasj-495	66	45	capitalization	capitalization	NOUN
aeasj-495	66	46	,	,	PUNCT
aeasj-495	66	47	all	all	DET
aeasj-495	66	48	share	share	NOUN
aeasj-495	66	49	index	index	NOUN
aeasj-495	66	50	and	and	CCONJ
aeasj-495	66	51	value	value	NOUN
aeasj-495	66	52	of	of	ADP
aeasj-495	66	53	transaction	transaction	NOUN
aeasj-495	66	54	between	between	ADP
aeasj-495	66	55	1980	1980	NUM
aeasj-495	66	56	and	and	CCONJ
aeasj-495	66	57	2014	2014	NUM
aeasj-495	66	58	.	.	PUNCT
aeasj-495	67	1	the	the	DET
aeasj-495	67	2	result	result	NOUN
aeasj-495	67	3	revealed	reveal	VERB
aeasj-495	67	4	that	that	SCONJ
aeasj-495	67	5	most	most	ADJ
aeasj-495	67	6	of	of	ADP
aeasj-495	67	7	the	the	DET
aeasj-495	67	8	selected	select	VERB
aeasj-495	67	9	measure	measure	NOUN
aeasj-495	67	10	exact	exact	VERB
aeasj-495	67	11	a	a	DET
aeasj-495	67	12	negative	negative	ADJ
aeasj-495	67	13	insignificant	insignificant	ADJ
aeasj-495	67	14	influence	influence	NOUN
aeasj-495	67	15	on	on	ADP
aeasj-495	67	16	economic	economic	ADJ
aeasj-495	67	17	growth	growth	NOUN
aeasj-495	67	18	.	.	PUNCT
aeasj-495	68	1	3	3	X
aeasj-495	68	2	.	.	X
aeasj-495	68	3	methods	method	NOUN
aeasj-495	68	4	and	and	CCONJ
aeasj-495	68	5	materials	material	NOUN
aeasj-495	68	6	the	the	DET
aeasj-495	68	7	study	study	NOUN
aeasj-495	68	8	obtained	obtain	VERB
aeasj-495	68	9	annual	annual	ADJ
aeasj-495	68	10	secondary	secondary	ADJ
aeasj-495	68	11	data	datum	NOUN
aeasj-495	68	12	on	on	ADP
aeasj-495	68	13	stock	stock	NOUN
aeasj-495	68	14	market	market	NOUN
aeasj-495	68	15	activities	activity	NOUN
aeasj-495	68	16	and	and	CCONJ
aeasj-495	68	17	economic	economic	ADJ
aeasj-495	68	18	growth	growth	NOUN
aeasj-495	68	19	in	in	ADP
aeasj-495	68	20	nigeria	nigeria	PROPN
aeasj-495	68	21	from	from	ADP
aeasj-495	68	22	the	the	DET
aeasj-495	68	23	central	central	ADJ
aeasj-495	68	24	bank	bank	PROPN
aeasj-495	68	25	of	of	ADP
aeasj-495	68	26	nigeria	nigeria	PROPN
aeasj-495	68	27	(	(	PUNCT
aeasj-495	68	28	cbn	cbn	PROPN
aeasj-495	68	29	)	)	PUNCT
aeasj-495	68	30	statistical	statistical	ADJ
aeasj-495	68	31	bulletin	bulletin	NOUN
aeasj-495	68	32	for	for	ADP
aeasj-495	68	33	the	the	DET
aeasj-495	68	34	period	period	NOUN
aeasj-495	68	35	between	between	ADP
aeasj-495	68	36	1986	1986	NUM
aeasj-495	68	37	and	and	CCONJ
aeasj-495	68	38	2017	2017	NUM
aeasj-495	68	39	.	.	PUNCT
aeasj-495	69	1	the	the	DET
aeasj-495	69	2	choice	choice	NOUN
aeasj-495	69	3	of	of	ADP
aeasj-495	69	4	this	this	DET
aeasj-495	69	5	period	period	NOUN
aeasj-495	69	6	coincides	coincide	VERB
aeasj-495	69	7	with	with	ADP
aeasj-495	69	8	the	the	DET
aeasj-495	69	9	commencement	commencement	NOUN
aeasj-495	69	10	of	of	ADP
aeasj-495	69	11	the	the	DET
aeasj-495	69	12	stock	stock	NOUN
aeasj-495	69	13	market	market	NOUN
aeasj-495	69	14	all	all	DET
aeasj-495	69	15	share	share	NOUN
aeasj-495	69	16	index	index	NOUN
aeasj-495	69	17	computation	computation	NOUN
aeasj-495	69	18	in	in	ADP
aeasj-495	69	19	nigeria	nigeria	PROPN
aeasj-495	69	20	.	.	PUNCT
aeasj-495	70	1	the	the	DET
aeasj-495	70	2	study	study	NOUN
aeasj-495	70	3	examined	examine	VERB
aeasj-495	70	4	the	the	DET
aeasj-495	70	5	influence	influence	NOUN
aeasj-495	70	6	of	of	ADP
aeasj-495	70	7	stock	stock	NOUN
aeasj-495	70	8	market	market	NOUN
aeasj-495	70	9	activities	activity	NOUN
aeasj-495	70	10	on	on	ADP
aeasj-495	70	11	economic	economic	ADJ
aeasj-495	70	12	growth	growth	NOUN
aeasj-495	70	13	in	in	ADP
aeasj-495	70	14	nigeria	nigeria	PROPN
aeasj-495	70	15	.	.	PUNCT
aeasj-495	71	1	the	the	DET
aeasj-495	71	2	mathematical	mathematical	ADJ
aeasj-495	71	3	equation	equation	NOUN
aeasj-495	71	4	for	for	ADP
aeasj-495	71	5	estimating	estimate	VERB
aeasj-495	71	6	the	the	DET
aeasj-495	71	7	relationship	relationship	NOUN
aeasj-495	71	8	between	between	ADP
aeasj-495	71	9	stock	stock	NOUN
aeasj-495	71	10	market	market	NOUN
aeasj-495	71	11	activities	activity	NOUN
aeasj-495	71	12	and	and	CCONJ
aeasj-495	71	13	economic	economic	ADJ
aeasj-495	71	14	growth	growth	NOUN
aeasj-495	71	15	is	be	AUX
aeasj-495	71	16	derived	derive	VERB
aeasj-495	71	17	from	from	ADP
aeasj-495	71	18	the	the	DET
aeasj-495	71	19	efficient	efficient	ADJ
aeasj-495	71	20	market	market	NOUN
aeasj-495	71	21	hypothesis	hypothesis	NOUN
aeasj-495	71	22	(	(	PUNCT
aeasj-495	71	23	emh	emh	PROPN
aeasj-495	71	24	)	)	PUNCT
aeasj-495	71	25	which	which	PRON
aeasj-495	71	26	states	state	VERB
aeasj-495	71	27	that	that	SCONJ
aeasj-495	71	28	a	a	DET
aeasj-495	71	29	financial	financial	ADJ
aeasj-495	71	30	market	market	NOUN
aeasj-495	71	31	is	be	AUX
aeasj-495	71	32	efficient	efficient	ADJ
aeasj-495	71	33	on	on	ADP
aeasj-495	71	34	prices	price	NOUN
aeasj-495	71	35	of	of	ADP
aeasj-495	71	36	dealing	deal	VERB
aeasj-495	71	37	financial	financial	ADJ
aeasj-495	71	38	assets	asset	NOUN
aeasj-495	71	39	as	as	SCONJ
aeasj-495	71	40	they	they	PRON
aeasj-495	71	41	are	be	AUX
aeasj-495	71	42	balanced	balanced	ADJ
aeasj-495	71	43	and	and	CCONJ
aeasj-495	71	44	reflect	reflect	VERB
aeasj-495	71	45	all	all	DET
aeasj-495	71	46	appropriate	appropriate	ADJ
aeasj-495	71	47	information	information	NOUN
aeasj-495	71	48	as	as	ADV
aeasj-495	71	49	well	well	ADV
aeasj-495	71	50	as	as	ADP
aeasj-495	71	51	collective	collective	ADJ
aeasj-495	71	52	beliefs	belief	NOUN
aeasj-495	71	53	and	and	CCONJ
aeasj-495	71	54	preference	preference	NOUN
aeasj-495	71	55	of	of	ADP
aeasj-495	71	56	all	all	DET
aeasj-495	71	57	market	market	NOUN
aeasj-495	71	58	participants	participant	NOUN
aeasj-495	71	59	about	about	ADP
aeasj-495	71	60	the	the	DET
aeasj-495	71	61	financial	financial	ADJ
aeasj-495	71	62	instruments	instrument	NOUN
aeasj-495	71	63	’	'	PUNCT
aeasj-495	71	64	market	market	NOUN
aeasj-495	71	65	prospect	prospect	NOUN
aeasj-495	71	66	(	(	PUNCT
aeasj-495	71	67	fama	fama	NOUN
aeasj-495	71	68	,	,	PUNCT
aeasj-495	71	69	1970	1970	NUM
aeasj-495	71	70	)	)	PUNCT
aeasj-495	71	71	.	.	PUNCT
aeasj-495	72	1	copeland	copeland	PROPN
aeasj-495	72	2	&	&	CCONJ
aeasj-495	72	3	weston	weston	PROPN
aeasj-495	72	4	(	(	PUNCT
aeasj-495	72	5	1979	1979	NUM
aeasj-495	72	6	)	)	PUNCT
aeasj-495	72	7	,	,	PUNCT
aeasj-495	72	8	observed	observe	VERB
aeasj-495	72	9	that	that	SCONJ
aeasj-495	72	10	the	the	DET
aeasj-495	72	11	emh	emh	PROPN
aeasj-495	72	12	is	be	AUX
aeasj-495	72	13	not	not	PART
aeasj-495	72	14	much	much	ADV
aeasj-495	72	15	restrictive	restrictive	ADJ
aeasj-495	72	16	than	than	ADP
aeasj-495	72	17	perfect	perfect	ADJ
aeasj-495	72	18	stock	stock	NOUN
aeasj-495	72	19	market	market	NOUN
aeasj-495	72	20	as	as	ADP
aeasj-495	72	21	market	market	NOUN
aeasj-495	72	22	prices	price	NOUN
aeasj-495	72	23	fully	fully	ADV
aeasj-495	72	24	and	and	CCONJ
aeasj-495	72	25	instantaneously	instantaneously	ADV
aeasj-495	72	26	reflect	reflect	VERB
aeasj-495	72	27	all	all	DET
aeasj-495	72	28	available	available	ADJ
aeasj-495	72	29	information	information	NOUN
aeasj-495	72	30	though	though	SCONJ
aeasj-495	72	31	it	it	PRON
aeasj-495	72	32	may	may	AUX
aeasj-495	72	33	not	not	PART
aeasj-495	72	34	be	be	AUX
aeasj-495	72	35	realistic	realistic	ADJ
aeasj-495	72	36	within	within	ADP
aeasj-495	72	37	the	the	DET
aeasj-495	72	38	concept	concept	NOUN
aeasj-495	72	39	of	of	ADP
aeasj-495	72	40	asymmetric	asymmetric	ADJ
aeasj-495	72	41	information	information	NOUN
aeasj-495	72	42	.	.	PUNCT
aeasj-495	73	1	thus	thus	ADV
aeasj-495	73	2	,	,	PUNCT
aeasj-495	73	3	the	the	DET
aeasj-495	73	4	measurement	measurement	NOUN
aeasj-495	73	5	of	of	ADP
aeasj-495	73	6	market	market	NOUN
aeasj-495	73	7	efficiency	efficiency	NOUN
aeasj-495	73	8	is	be	AUX
aeasj-495	73	9	contingent	contingent	ADJ
aeasj-495	73	10	on	on	ADP
aeasj-495	73	11	the	the	DET
aeasj-495	73	12	available	available	ADJ
aeasj-495	73	13	information	information	NOUN
aeasj-495	73	14	and	and	CCONJ
aeasj-495	73	15	varies	vary	VERB
aeasj-495	73	16	according	accord	VERB
aeasj-495	73	17	to	to	ADP
aeasj-495	73	18	nature	nature	NOUN
aeasj-495	73	19	of	of	ADP
aeasj-495	73	20	events	event	NOUN
aeasj-495	73	21	in	in	ADP
aeasj-495	73	22	the	the	DET
aeasj-495	73	23	stock	stock	NOUN
aeasj-495	73	24	market	market	NOUN
aeasj-495	73	25	.	.	PUNCT
aeasj-495	74	1	the	the	DET
aeasj-495	74	2	information	information	NOUN
aeasj-495	74	3	can	can	AUX
aeasj-495	74	4	be	be	AUX
aeasj-495	74	5	in	in	ADP
aeasj-495	74	6	form	form	NOUN
aeasj-495	74	7	of	of	ADP
aeasj-495	74	8	message	message	NOUN
aeasj-495	74	9	(	(	PUNCT
aeasj-495	74	10	m	m	NOUN
aeasj-495	74	11	)	)	PUNCT
aeasj-495	74	12	having	have	VERB
aeasj-495	74	13	diverse	diverse	ADJ
aeasj-495	74	14	values	value	NOUN
aeasj-495	74	15	to	to	ADP
aeasj-495	74	16	different	different	ADJ
aeasj-495	74	17	market	market	NOUN
aeasj-495	74	18	participants	participant	NOUN
aeasj-495	74	19	as	as	ADP
aeasj-495	74	20	the	the	DET
aeasj-495	74	21	potential	potential	ADJ
aeasj-495	74	22	desirable	desirable	ADJ
aeasj-495	74	23	outcome	outcome	NOUN
aeasj-495	74	24	from	from	ADP
aeasj-495	74	25	the	the	DET
aeasj-495	74	26	information	information	NOUN
aeasj-495	74	27	relative	relative	ADJ
aeasj-495	74	28	to	to	ADP
aeasj-495	74	29	the	the	DET
aeasj-495	74	30	wealth	wealth	NOUN
aeasj-495	74	31	maximization	maximization	NOUN
aeasj-495	74	32	objective	objective	ADJ
aeasj-495	74	33	function	function	NOUN
aeasj-495	74	34	and	and	CCONJ
aeasj-495	74	35	information	information	NOUN
aeasj-495	74	36	can	can	AUX
aeasj-495	74	37	encourage	encourage	VERB
aeasj-495	74	38	decision	decision	NOUN
aeasj-495	74	39	making	making	NOUN
aeasj-495	74	40	.	.	PUNCT
aeasj-495	75	1	thus	thus	ADV
aeasj-495	75	2	,	,	PUNCT
aeasj-495	75	3	the	the	DET
aeasj-495	75	4	value	value	NOUN
aeasj-495	75	5	v(η	v(η	PROPN
aeasj-495	75	6	)	)	PUNCT
aeasj-495	75	7	of	of	ADP
aeasj-495	75	8	information	information	NOUN
aeasj-495	75	9	derived	derive	VERB
aeasj-495	75	10	from	from	ADP
aeasj-495	75	11	the	the	DET
aeasj-495	75	12	efficient	efficient	ADJ
aeasj-495	75	13	stock	stock	NOUN
aeasj-495	75	14	market	market	NOUN
aeasj-495	75	15	can	can	AUX
aeasj-495	75	16	be	be	AUX
aeasj-495	75	17	quantified	quantify	VERB
aeasj-495	75	18	as	as	SCONJ
aeasj-495	75	19	follows	follow	VERB
aeasj-495	75	20	:	:	PUNCT
aeasj-495	75	21	(	(	PUNCT
aeasj-495	75	22	)	)	PUNCT
aeasj-495	75	23	(	(	PUNCT
aeasj-495	75	24	)	)	PUNCT
aeasj-495	75	25	(	(	PUNCT
aeasj-495	75	26	/	/	SYM
aeasj-495	75	27	)	)	PUNCT
aeasj-495	75	28	(	(	PUNCT
aeasj-495	75	29	,	,	PUNCT
aeasj-495	75	30	)	)	PUNCT
aeasj-495	75	31	a	a	DET
aeasj-495	75	32	m	m	NOUN
aeasj-495	75	33	e	e	NOUN
aeasj-495	75	34	v	v	NOUN
aeasj-495	75	35	q	q	NOUN
aeasj-495	75	36	m	m	NOUN
aeasj-495	75	37	max	max	PROPN
aeasj-495	76	1	p	p	PROPN
aeasj-495	76	2	e	e	PROPN
aeasj-495	76	3	m	m	VERB
aeasj-495	76	4	u	u	NOUN
aeasj-495	76	5	a	a	DET
aeasj-495	76	6	e	e	NOUN
aeasj-495	77	1	=	=	AUX
aeasj-495	77	2			X
aeasj-495	77	3			X
aeasj-495	77	4	(	(	PUNCT
aeasj-495	77	5	1	1	X
aeasj-495	77	6	)	)	PUNCT
aeasj-495	77	7	where	where	SCONJ
aeasj-495	77	8	,	,	PUNCT
aeasj-495	77	9	v(η	v(η	PROPN
aeasj-495	77	10	)	)	PUNCT
aeasj-495	77	11	=	=	NOUN
aeasj-495	77	12	value	value	NOUN
aeasj-495	77	13	of	of	ADP
aeasj-495	77	14	the	the	DET
aeasj-495	77	15	measured	measured	ADJ
aeasj-495	77	16	information	information	NOUN
aeasj-495	77	17	η	η	PROPN
aeasj-495	77	18	.	.	PROPN
aeasj-495	77	19	q(m	q(m	PROPN
aeasj-495	77	20	)	)	PUNCT
aeasj-495	78	1	=	=	NOUN
aeasj-495	78	2	the	the	DET
aeasj-495	78	3	marginal	marginal	ADJ
aeasj-495	78	4	probability	probability	NOUN
aeasj-495	78	5	of	of	ADP
aeasj-495	78	6	receiving	receive	VERB
aeasj-495	78	7	message	message	NOUN
aeasj-495	78	8	m.	m.	NOUN
aeasj-495	78	9	p(e	p(e	PROPN
aeasj-495	78	10	/	/	SYM
aeasj-495	78	11	m	m	NOUN
aeasj-495	78	12	)	)	PUNCT
aeasj-495	79	1	=	=	PRON
aeasj-495	79	2	the	the	DET
aeasj-495	79	3	conditional	conditional	ADJ
aeasj-495	79	4	probability	probability	NOUN
aeasj-495	79	5	of	of	ADP
aeasj-495	79	6	an	an	DET
aeasj-495	79	7	event	event	NOUN
aeasj-495	79	8	€	€	NOUN
aeasj-495	79	9	given	give	VERB
aeasj-495	79	10	a	a	DET
aeasj-495	79	11	message	message	NOUN
aeasj-495	79	12	(	(	PUNCT
aeasj-495	79	13	m	m	NOUN
aeasj-495	79	14	)	)	PUNCT
aeasj-495	79	15	.	.	PUNCT
aeasj-495	80	1	u(a	u(a	PROPN
aeasj-495	80	2	,	,	PUNCT
aeasj-495	80	3	e	e	NOUN
aeasj-495	80	4	)	)	PUNCT
aeasj-495	80	5	=	=	NOUN
aeasj-495	80	6	the	the	DET
aeasj-495	80	7	utility	utility	NOUN
aeasj-495	80	8	resulting	result	VERB
aeasj-495	80	9	from	from	ADP
aeasj-495	80	10	a	a	DET
aeasj-495	80	11	decision	decision	NOUN
aeasj-495	80	12	(	(	PUNCT
aeasj-495	80	13	a)if	a)if	ADP
aeasj-495	80	14	an	an	DET
aeasj-495	80	15	event	event	NOUN
aeasj-495	80	16	(	(	PUNCT
aeasj-495	80	17	e	e	NOUN
aeasj-495	80	18	)	)	PUNCT
aeasj-495	80	19	occurs	occur	VERB
aeasj-495	80	20	.	.	PUNCT
aeasj-495	81	1	this	this	PRON
aeasj-495	81	2	is	be	AUX
aeasj-495	81	3	referred	refer	VERB
aeasj-495	81	4	to	to	ADP
aeasj-495	81	5	as	as	ADP
aeasj-495	81	6	a	a	DET
aeasj-495	81	7	benefit	benefit	NOUN
aeasj-495	81	8	function	function	NOUN
aeasj-495	81	9	or	or	CCONJ
aeasj-495	81	10	payoff	payoff	NOUN
aeasj-495	81	11	function	function	NOUN
aeasj-495	81	12	which	which	PRON
aeasj-495	81	13	can	can	AUX
aeasj-495	81	14	be	be	AUX
aeasj-495	81	15	calibrated	calibrate	VERB
aeasj-495	81	16	mathematically	mathematically	ADV
aeasj-495	81	17	with	with	ADP
aeasj-495	81	18	the	the	DET
aeasj-495	81	19	stock	stock	NOUN
aeasj-495	81	20	market	market	NOUN
aeasj-495	81	21	activities	activity	NOUN
aeasj-495	81	22	as	as	ADP
aeasj-495	81	23	:	:	PUNCT
aeasj-495	81	24	𝐺𝐷𝑃	𝐺𝐷𝑃	PROPN
aeasj-495	81	25	=	=	SYM
aeasj-495	81	26	𝑓(𝑀𝐶	𝑓(𝑀𝐶	PROPN
aeasj-495	81	27	,	,	PUNCT
aeasj-495	81	28	𝑁𝑂𝐷	𝑁𝑂𝐷	PROPN
aeasj-495	81	29	,	,	PUNCT
aeasj-495	81	30	𝑉𝑂𝑇	𝑉𝑂𝑇	PROPN
aeasj-495	81	31	,	,	PUNCT
aeasj-495	81	32	𝐴𝐿𝑆𝐼	𝐴𝐿𝑆𝐼	NOUN
aeasj-495	81	33	)	)	PUNCT
aeasj-495	81	34	(	(	PUNCT
aeasj-495	81	35	2	2	X
aeasj-495	81	36	)	)	PUNCT
aeasj-495	81	37	statistically	statistically	ADV
aeasj-495	81	38	the	the	DET
aeasj-495	81	39	equation	equation	NOUN
aeasj-495	81	40	is	be	AUX
aeasj-495	81	41	represented	represent	VERB
aeasj-495	81	42	as	as	ADP
aeasj-495	81	43	:	:	PUNCT
aeasj-495	81	44	𝐺𝐷𝑃𝑇	𝐺𝐷𝑃𝑇	NOUN
aeasj-495	81	45	=	=	PUNCT
aeasj-495	82	1	𝜆0	𝜆0	NOUN
aeasj-495	83	1	+	+	CCONJ
aeasj-495	83	2	𝜆1𝑀𝐶𝑡	𝜆1𝑀𝐶𝑡	PROPN
aeasj-495	84	1	+	+	CCONJ
aeasj-495	84	2	𝜆2𝑁𝑂𝐷𝑡	𝜆2𝑁𝑂𝐷𝑡	PROPN
aeasj-495	85	1	+	+	CCONJ
aeasj-495	85	2	𝜆3𝑉𝑂𝑇𝑡	𝜆3𝑉𝑂𝑇𝑡	NOUN
aeasj-495	86	1	+	+	CCONJ
aeasj-495	86	2	𝜆4𝐴𝐿𝑆𝐼𝑡	𝜆4𝐴𝐿𝑆𝐼𝑡	X
aeasj-495	87	1	+	+	CCONJ
aeasj-495	87	2	𝜖𝑡	𝜖𝑡	PROPN
aeasj-495	87	3	(	(	PUNCT
aeasj-495	87	4	3	3	NUM
aeasj-495	87	5	)	)	PUNCT
aeasj-495	88	1	where	where	SCONJ
aeasj-495	88	2	gdp	gdp	NOUN
aeasj-495	88	3	=	=	NOUN
aeasj-495	88	4	gross	gross	ADJ
aeasj-495	88	5	domestic	domestic	ADJ
aeasj-495	88	6	product	product	NOUN
aeasj-495	88	7	in	in	ADP
aeasj-495	88	8	nigeria	nigeria	PROPN
aeasj-495	88	9	;	;	PUNCT
aeasj-495	89	1	mc	mc	PROPN
aeasj-495	89	2	=	=	NOUN
aeasj-495	89	3	market	market	NOUN
aeasj-495	89	4	capitalization	capitalization	NOUN
aeasj-495	89	5	of	of	ADP
aeasj-495	89	6	the	the	DET
aeasj-495	89	7	stock	stock	NOUN
aeasj-495	89	8	exchange	exchange	NOUN
aeasj-495	89	9	nod	nod	NOUN
aeasj-495	89	10	=	=	NOUN
aeasj-495	89	11	numbers	number	NOUN
aeasj-495	89	12	of	of	ADP
aeasj-495	89	13	deals	deal	NOUN
aeasj-495	89	14	vot	vot	NOUN
aeasj-495	89	15	=	=	SYM
aeasj-495	89	16	volume	volume	NOUN
aeasj-495	89	17	of	of	ADP
aeasj-495	89	18	trade	trade	NOUN
aeasj-495	89	19	alsi	alsi	NOUN
aeasj-495	89	20	=	=	PUNCT
aeasj-495	90	1	all	all	PRON
aeasj-495	90	2	share	share	VERB
aeasj-495	90	3	index	index	NOUN
aeasj-495	90	4	however	however	ADV
aeasj-495	90	5	,	,	PUNCT
aeasj-495	90	6	due	due	ADP
aeasj-495	90	7	to	to	ADP
aeasj-495	90	8	the	the	DET
aeasj-495	90	9	diverse	diverse	ADJ
aeasj-495	90	10	nature	nature	NOUN
aeasj-495	90	11	of	of	ADP
aeasj-495	90	12	the	the	DET
aeasj-495	90	13	selected	select	VERB
aeasj-495	90	14	components	component	NOUN
aeasj-495	90	15	of	of	ADP
aeasj-495	90	16	the	the	DET
aeasj-495	90	17	measures	measure	NOUN
aeasj-495	90	18	of	of	ADP
aeasj-495	90	19	stock	stock	NOUN
aeasj-495	90	20	market	market	NOUN
aeasj-495	90	21	activities	activity	NOUN
aeasj-495	90	22	,	,	PUNCT
aeasj-495	90	23	it	it	PRON
aeasj-495	90	24	is	be	AUX
aeasj-495	90	25	imperative	imperative	ADJ
aeasj-495	90	26	to	to	PART
aeasj-495	90	27	take	take	VERB
aeasj-495	90	28	the	the	DET
aeasj-495	90	29	logarithm	logarithm	NOUN
aeasj-495	90	30	of	of	ADP
aeasj-495	90	31	the	the	DET
aeasj-495	90	32	model	model	NOUN
aeasj-495	90	33	in	in	ADP
aeasj-495	90	34	order	order	NOUN
aeasj-495	90	35	to	to	PART
aeasj-495	90	36	bring	bring	VERB
aeasj-495	90	37	the	the	DET
aeasj-495	90	38	variables	variable	NOUN
aeasj-495	90	39	into	into	ADP
aeasj-495	90	40	identical	identical	ADJ
aeasj-495	90	41	base	base	NOUN
aeasj-495	90	42	.	.	PUNCT
aeasj-495	91	1	thus	thus	ADV
aeasj-495	91	2	,	,	PUNCT
aeasj-495	91	3	the	the	DET
aeasj-495	91	4	model	model	NOUN
aeasj-495	91	5	becomes	become	VERB
aeasj-495	91	6	:	:	PUNCT
aeasj-495	91	7	log𝐺𝐷𝑃𝑇	log𝐺𝐷𝑃𝑇	X
aeasj-495	91	8	=	=	SYM
aeasj-495	91	9	𝜆0	𝜆0	NOUN
aeasj-495	92	1	+	+	CCONJ
aeasj-495	92	2	𝜆1𝐿𝑜𝑔𝑀𝐶𝑡	𝜆1𝐿𝑜𝑔𝑀𝐶𝑡	VERB
aeasj-495	92	3	+	+	CCONJ
aeasj-495	92	4	𝜆2𝐿𝑜𝑔𝑁𝑂𝐷𝑡	𝜆2𝐿𝑜𝑔𝑁𝑂𝐷𝑡	X
aeasj-495	93	1	+	+	CCONJ
aeasj-495	93	2	𝜆3𝐿𝑜𝑔𝑉𝑂𝑇𝑡	𝜆3𝐿𝑜𝑔𝑉𝑂𝑇𝑡	NOUN
aeasj-495	93	3	+	+	CCONJ
aeasj-495	93	4	𝜆4𝐿𝑜𝑔𝐴𝐿𝑆𝐼𝑡	𝜆4𝐿𝑜𝑔𝐴𝐿𝑆𝐼𝑡	X
aeasj-495	94	1	+	+	CCONJ
aeasj-495	94	2	𝜖𝑡	𝜖𝑡	PROPN
aeasj-495	94	3	(	(	PUNCT
aeasj-495	94	4	4	4	NUM
aeasj-495	94	5	)	)	PUNCT
aeasj-495	94	6	thus	thus	ADV
aeasj-495	94	7	,	,	PUNCT
aeasj-495	94	8	equation	equation	NOUN
aeasj-495	94	9	(	(	PUNCT
aeasj-495	94	10	3	3	X
aeasj-495	94	11	)	)	PUNCT
aeasj-495	94	12	is	be	AUX
aeasj-495	94	13	the	the	DET
aeasj-495	94	14	base	base	ADJ
aeasj-495	94	15	line	line	NOUN
aeasj-495	94	16	equation	equation	NOUN
aeasj-495	94	17	for	for	ADP
aeasj-495	94	18	this	this	DET
aeasj-495	94	19	study	study	NOUN
aeasj-495	94	20	.	.	PUNCT
aeasj-495	95	1	estimation	estimation	NOUN
aeasj-495	95	2	procedure	procedure	NOUN
aeasj-495	95	3	copyright	copyright	NOUN
aeasj-495	95	4	©	©	PROPN
aeasj-495	95	5	cc	cc	PROPN
aeasj-495	95	6	-	-	PUNCT
aeasj-495	95	7	by	by	ADP
aeasj-495	95	8	-	-	PUNCT
aeasj-495	95	9	nc	nc	PROPN
aeasj-495	95	10	2020	2020	NUM
aeasj-495	95	11	,	,	PUNCT
aeasj-495	95	12	cribfb	cribfb	PROPN
aeasj-495	95	13	|	|	ADV
aeasj-495	95	14	aesr	aesr	ADV
aeasj-495	95	15	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-495	95	16	american	american	PROPN
aeasj-495	95	17	economic	economic	PROPN
aeasj-495	95	18	&	&	CCONJ
aeasj-495	95	19	social	social	PROPN
aeasj-495	95	20	review	review	PROPN
aeasj-495	95	21	vol	vol	NOUN
aeasj-495	95	22	.	.	PROPN
aeasj-495	96	1	6	6	NUM
aeasj-495	96	2	,	,	PUNCT
aeasj-495	96	3	no	no	INTJ
aeasj-495	96	4	.	.	NOUN
aeasj-495	96	5	1	1	NUM
aeasj-495	96	6	;	;	PUNCT
aeasj-495	96	7	2020	2020	NUM
aeasj-495	96	8	4	4	NUM
aeasj-495	96	9	unit	unit	NOUN
aeasj-495	96	10	root	root	NOUN
aeasj-495	96	11	test	test	NOUN
aeasj-495	96	12	a	a	DET
aeasj-495	96	13	major	major	ADJ
aeasj-495	96	14	pre	pre	NOUN
aeasj-495	96	15	-	-	NOUN
aeasj-495	96	16	test	test	NOUN
aeasj-495	96	17	before	before	SCONJ
aeasj-495	96	18	a	a	DET
aeasj-495	96	19	cointegration	cointegration	NOUN
aeasj-495	96	20	estimation	estimation	NOUN
aeasj-495	96	21	is	be	AUX
aeasj-495	96	22	the	the	DET
aeasj-495	96	23	unit	unit	NOUN
aeasj-495	96	24	root	root	NOUN
aeasj-495	96	25	test	test	NOUN
aeasj-495	96	26	,	,	PUNCT
aeasj-495	96	27	a	a	DET
aeasj-495	96	28	stationary	stationary	ADJ
aeasj-495	96	29	time	time	NOUN
aeasj-495	96	30	series	series	PROPN
aeasj-495	96	31	test	test	NOUN
aeasj-495	96	32	which	which	PRON
aeasj-495	96	33	check	check	VERB
aeasj-495	96	34	if	if	SCONJ
aeasj-495	96	35	the	the	DET
aeasj-495	96	36	mean	mean	NOUN
aeasj-495	96	37	and	and	CCONJ
aeasj-495	96	38	autocovariances	autocovariance	NOUN
aeasj-495	96	39	of	of	ADP
aeasj-495	96	40	a	a	DET
aeasj-495	96	41	series	series	NOUN
aeasj-495	96	42	time	time	NOUN
aeasj-495	96	43	independent	independent	ADJ
aeasj-495	96	44	.	.	PUNCT
aeasj-495	97	1	a	a	DET
aeasj-495	97	2	simple	simple	ADJ
aeasj-495	97	3	model	model	NOUN
aeasj-495	97	4	for	for	ADP
aeasj-495	97	5	nonstationary	nonstationary	ADJ
aeasj-495	97	6	is	be	AUX
aeasj-495	97	7	the	the	DET
aeasj-495	97	8	random	random	ADJ
aeasj-495	97	9	walk	walk	NOUN
aeasj-495	97	10	.	.	PUNCT
aeasj-495	98	1	𝑦𝑡	𝑦𝑡	NOUN
aeasj-495	98	2	=	=	PUNCT
aeasj-495	98	3	𝑦𝑡−1	𝑦𝑡−1	PROPN
aeasj-495	98	4	+	+	CCONJ
aeasj-495	98	5	𝜖𝑡	𝜖𝑡	ADJ
aeasj-495	98	6	(	(	PUNCT
aeasj-495	98	7	5	5	NUM
aeasj-495	98	8	)	)	PUNCT
aeasj-495	98	9	𝑦	𝑦	NOUN
aeasj-495	98	10	is	be	AUX
aeasj-495	98	11	a	a	DET
aeasj-495	98	12	constant	constant	ADJ
aeasj-495	98	13	forecast	forecast	NOUN
aeasj-495	98	14	value	value	NOUN
aeasj-495	98	15	conditional	conditional	ADJ
aeasj-495	98	16	on	on	ADP
aeasj-495	98	17	t	t	PROPN
aeasj-495	98	18	with	with	ADP
aeasj-495	98	19	an	an	DET
aeasj-495	98	20	increasing	increase	VERB
aeasj-495	98	21	variance	variance	NOUN
aeasj-495	98	22	while	while	SCONJ
aeasj-495	98	23	𝜖	𝜖	PROPN
aeasj-495	98	24	is	be	AUX
aeasj-495	98	25	the	the	DET
aeasj-495	98	26	stochastic	stochastic	ADJ
aeasj-495	98	27	term	term	NOUN
aeasj-495	98	28	.	.	PUNCT
aeasj-495	99	1	a	a	DET
aeasj-495	99	2	difference	difference	NOUN
aeasj-495	99	3	stationary	stationary	ADJ
aeasj-495	99	4	series	series	NOUN
aeasj-495	99	5	is	be	AUX
aeasj-495	99	6	integrated	integrate	VERB
aeasj-495	99	7	and	and	CCONJ
aeasj-495	99	8	symbolized	symbolize	VERB
aeasj-495	99	9	as	as	ADP
aeasj-495	99	10	i(d	i(d	NOUN
aeasj-495	99	11	)	)	PUNCT
aeasj-495	99	12	where	where	SCONJ
aeasj-495	99	13	d	d	NOUN
aeasj-495	99	14	is	be	AUX
aeasj-495	99	15	the	the	DET
aeasj-495	99	16	order	order	NOUN
aeasj-495	99	17	of	of	ADP
aeasj-495	99	18	integration	integration	NOUN
aeasj-495	99	19	which	which	PRON
aeasj-495	99	20	is	be	AUX
aeasj-495	99	21	the	the	DET
aeasj-495	99	22	number	number	NOUN
aeasj-495	99	23	of	of	ADP
aeasj-495	99	24	a	a	DET
aeasj-495	99	25	series	series	NOUN
aeasj-495	99	26	unit	unit	NOUN
aeasj-495	99	27	roots	root	NOUN
aeasj-495	99	28	or	or	CCONJ
aeasj-495	99	29	number	number	NOUN
aeasj-495	99	30	of	of	ADP
aeasj-495	99	31	differencing	difference	VERB
aeasj-495	99	32	operations	operation	NOUN
aeasj-495	99	33	required	require	VERB
aeasj-495	99	34	to	to	PART
aeasj-495	99	35	make	make	VERB
aeasj-495	99	36	the	the	DET
aeasj-495	99	37	series	series	NOUN
aeasj-495	99	38	stationary	stationary	PROPN
aeasj-495	99	39	.	.	PUNCT
aeasj-495	100	1	cointegration	cointegration	NOUN
aeasj-495	100	2	test	test	NOUN
aeasj-495	100	3	having	having	AUX
aeasj-495	100	4	established	establish	VERB
aeasj-495	100	5	the	the	DET
aeasj-495	100	6	unit	unit	NOUN
aeasj-495	100	7	root	root	NOUN
aeasj-495	100	8	test	test	NOUN
aeasj-495	100	9	of	of	ADP
aeasj-495	100	10	all	all	DET
aeasj-495	100	11	the	the	DET
aeasj-495	100	12	variables	variable	NOUN
aeasj-495	100	13	employed	employ	VERB
aeasj-495	100	14	,	,	PUNCT
aeasj-495	100	15	the	the	DET
aeasj-495	100	16	study	study	NOUN
aeasj-495	100	17	test	test	NOUN
aeasj-495	100	18	for	for	ADP
aeasj-495	100	19	cointegration	cointegration	NOUN
aeasj-495	100	20	using	use	VERB
aeasj-495	100	21	the	the	DET
aeasj-495	100	22	var	var	NOUN
aeasj-495	100	23	-	-	PUNCT
aeasj-495	100	24	based	base	VERB
aeasj-495	100	25	approach	approach	NOUN
aeasj-495	100	26	developed	develop	VERB
aeasj-495	100	27	by	by	ADP
aeasj-495	100	28	johansen	johansen	PROPN
aeasj-495	100	29	(	(	PUNCT
aeasj-495	100	30	1991	1991	NUM
aeasj-495	100	31	)	)	PUNCT
aeasj-495	100	32	.	.	PUNCT
aeasj-495	101	1	this	this	DET
aeasj-495	101	2	cointegration	cointegration	NOUN
aeasj-495	101	3	test	test	NOUN
aeasj-495	101	4	was	be	AUX
aeasj-495	101	5	designed	design	VERB
aeasj-495	101	6	using	use	VERB
aeasj-495	101	7	a	a	DET
aeasj-495	101	8	group	group	NOUN
aeasj-495	101	9	object	object	NOUN
aeasj-495	101	10	based	base	VERB
aeasj-495	101	11	on	on	ADP
aeasj-495	101	12	a	a	DET
aeasj-495	101	13	var	var	NOUN
aeasj-495	101	14	of	of	ADP
aeasj-495	101	15	order	order	NOUN
aeasj-495	101	16	p	p	X
aeasj-495	101	17	:	:	PUNCT
aeasj-495	101	18	𝑦𝑡	𝑦𝑡	PROPN
aeasj-495	101	19	=	=	PUNCT
aeasj-495	101	20	𝐴1𝑦𝑡−1	𝐴1𝑦𝑡−1	PROPN
aeasj-495	102	1	+	+	CCONJ
aeasj-495	102	2	⋯	⋯	PROPN
aeasj-495	102	3	+	+	CCONJ
aeasj-495	102	4	𝐴𝑝𝑦𝑡−𝑝	𝐴𝑝𝑦𝑡−𝑝	PROPN
aeasj-495	102	5	+	+	CCONJ
aeasj-495	102	6	𝐵𝑥𝑡	𝐵𝑥𝑡	PROPN
aeasj-495	102	7	+	+	CCONJ
aeasj-495	102	8	𝜖𝑡	𝜖𝑡	PROPN
aeasj-495	102	9	(	(	PUNCT
aeasj-495	102	10	6	6	NUM
aeasj-495	102	11	)	)	PUNCT
aeasj-495	102	12	where	where	SCONJ
aeasj-495	102	13	:	:	PUNCT
aeasj-495	102	14	𝑦𝑡	𝑦𝑡	NOUN
aeasj-495	102	15	represents	represent	VERB
aeasj-495	102	16	k	k	NOUN
aeasj-495	102	17	-	-	NOUN
aeasj-495	102	18	vector	vector	NOUN
aeasj-495	102	19	of	of	ADP
aeasj-495	102	20	non	non	ADJ
aeasj-495	102	21	-	-	ADJ
aeasj-495	102	22	stationary	stationary	ADJ
aeasj-495	102	23	i(1	i(1	PROPN
aeasj-495	102	24	)	)	PUNCT
aeasj-495	102	25	variables	variable	NOUN
aeasj-495	102	26	,	,	PUNCT
aeasj-495	102	27	𝑥𝑡	𝑥𝑡	ADV
aeasj-495	102	28	represents	represent	VERB
aeasj-495	102	29	d	d	NOUN
aeasj-495	102	30	-	-	NOUN
aeasj-495	102	31	vector	vector	NOUN
aeasj-495	102	32	of	of	ADP
aeasj-495	102	33	deterministic	deterministic	ADJ
aeasj-495	102	34	variables	variable	NOUN
aeasj-495	102	35	,	,	PUNCT
aeasj-495	102	36	and	and	CCONJ
aeasj-495	102	37	𝜖𝑡	𝜖𝑡	ADV
aeasj-495	102	38	represents	represent	VERB
aeasj-495	102	39	vector	vector	NOUN
aeasj-495	102	40	of	of	ADP
aeasj-495	102	41	innovations	innovation	NOUN
aeasj-495	102	42	.	.	PUNCT
aeasj-495	103	1	this	this	DET
aeasj-495	103	2	model	model	NOUN
aeasj-495	103	3	can	can	AUX
aeasj-495	103	4	be	be	AUX
aeasj-495	103	5	modified	modify	VERB
aeasj-495	103	6	as	as	ADP
aeasj-495	103	7	:	:	PUNCT
aeasj-495	103	8	∆𝑦𝑡	∆𝑦𝑡	ADJ
aeasj-495	103	9	=	=	PUNCT
aeasj-495	104	1	π𝑦𝑡−1	π𝑦𝑡−1	PROPN
aeasj-495	104	2	+	+	CCONJ
aeasj-495	104	3	∑	∑	PROPN
aeasj-495	104	4	γ𝑖	γ𝑖	PROPN
aeasj-495	104	5	𝑝−1	𝑝−1	PROPN
aeasj-495	104	6	𝑖−1	𝑖−1	PROPN
aeasj-495	104	7	∆𝑦𝑡−𝑖	∆𝑦𝑡−𝑖	PROPN
aeasj-495	104	8	+	+	CCONJ
aeasj-495	105	1	𝐵𝑥𝑖	𝐵𝑥𝑖	PROPN
aeasj-495	105	2	+	+	CCONJ
aeasj-495	105	3	𝜖𝑖	𝜖𝑖	PROPN
aeasj-495	105	4	(	(	PUNCT
aeasj-495	105	5	7	7	NUM
aeasj-495	105	6	)	)	PUNCT
aeasj-495	106	1	where	where	SCONJ
aeasj-495	106	2	:	:	PUNCT
aeasj-495	107	1	π	π	X
aeasj-495	107	2	=	=	PUNCT
aeasj-495	107	3	∑	∑	PUNCT
aeasj-495	107	4	𝐴𝑖	𝐴𝑖	PROPN
aeasj-495	107	5	−	−	PROPN
aeasj-495	107	6	𝐼	𝐼	PROPN
aeasj-495	107	7	,	,	PUNCT
aeasj-495	107	8	𝑝	𝑝	PROPN
aeasj-495	107	9	𝑖=1	𝑖=1	PROPN
aeasj-495	107	10	γ𝑖	γ𝑖	PROPN
aeasj-495	107	11	=	=	SYM
aeasj-495	107	12	−	−	PROPN
aeasj-495	107	13	∑	∑	PUNCT
aeasj-495	107	14	𝐴𝑗	𝐴𝑗	PROPN
aeasj-495	107	15	𝑝	𝑝	PROPN
aeasj-495	107	16	𝑗=𝑖+1	𝑗=𝑖+1	PROPN
aeasj-495	107	17	(	(	PUNCT
aeasj-495	107	18	8)	8)	NUM
aeasj-495	107	19	granger	granger	PROPN
aeasj-495	107	20	’s	’s	PART
aeasj-495	107	21	representation	representation	NOUN
aeasj-495	107	22	theorem	theorem	VERB
aeasj-495	107	23	states	state	NOUN
aeasj-495	107	24	that	that	SCONJ
aeasj-495	107	25	if	if	SCONJ
aeasj-495	107	26	the	the	DET
aeasj-495	107	27	coefficient	coefficient	NOUN
aeasj-495	107	28	matrix	matrix	NOUN
aeasj-495	107	29	π	π	PROPN
aeasj-495	107	30	has	have	AUX
aeasj-495	107	31	reduced	reduce	VERB
aeasj-495	107	32	rank	rank	NOUN
aeasj-495	107	33	such	such	ADJ
aeasj-495	107	34	that	that	SCONJ
aeasj-495	107	35	r	r	NOUN
aeasj-495	107	36	is	be	AUX
aeasj-495	107	37	less	less	ADJ
aeasj-495	107	38	than	than	ADP
aeasj-495	107	39	k	k	PROPN
aeasj-495	107	40	,	,	PUNCT
aeasj-495	107	41	then	then	ADV
aeasj-495	107	42	there	there	PRON
aeasj-495	107	43	exist	exist	VERB
aeasj-495	107	44	k	k	NOUN
aeasj-495	107	45	x	x	PUNCT
aeasj-495	107	46	r	r	NOUN
aeasj-495	107	47	matrices	matrix	NOUN
aeasj-495	107	48	α	α	NOUN
aeasj-495	107	49	and	and	CCONJ
aeasj-495	107	50	β	β	PRON
aeasj-495	107	51	each	each	PRON
aeasj-495	107	52	with	with	ADP
aeasj-495	107	53	a	a	DET
aeasj-495	107	54	rank	rank	NOUN
aeasj-495	107	55	of	of	ADP
aeasj-495	107	56	r	r	NOUN
aeasj-495	107	57	such	such	ADJ
aeasj-495	107	58	that	that	SCONJ
aeasj-495	107	59	π	π	PROPN
aeasj-495	107	60	is	be	AUX
aeasj-495	107	61	equal	equal	ADJ
aeasj-495	107	62	to	to	ADP
aeasj-495	107	63	𝛼𝛽′	𝛼𝛽′	NUM
aeasj-495	107	64	while	while	SCONJ
aeasj-495	107	65	𝛽′	𝛽′	NOUN
aeasj-495	107	66	𝑦𝑡	𝑦𝑡	VERB
aeasj-495	107	67	is	be	AUX
aeasj-495	107	68	i(0	i(0	PROPN
aeasj-495	107	69	)	)	PUNCT
aeasj-495	107	70	.	.	PUNCT
aeasj-495	108	1	r	r	NOUN
aeasj-495	108	2	represents	represent	VERB
aeasj-495	108	3	the	the	DET
aeasj-495	108	4	number	number	NOUN
aeasj-495	108	5	of	of	ADP
aeasj-495	108	6	cointegrating	cointegrate	VERB
aeasj-495	108	7	relations	relation	NOUN
aeasj-495	108	8	and	and	CCONJ
aeasj-495	108	9	each	each	DET
aeasj-495	108	10	column	column	NOUN
aeasj-495	108	11	of	of	ADP
aeasj-495	108	12	β	β	PROPN
aeasj-495	108	13	represents	represent	VERB
aeasj-495	108	14	the	the	DET
aeasj-495	108	15	cointegrating	cointegrate	VERB
aeasj-495	108	16	vector	vector	NOUN
aeasj-495	108	17	.	.	PUNCT
aeasj-495	109	1	also	also	ADV
aeasj-495	109	2	,	,	PUNCT
aeasj-495	109	3	the	the	DET
aeasj-495	109	4	elements	element	NOUN
aeasj-495	109	5	of	of	ADP
aeasj-495	109	6	αs	αs	INTJ
aeasj-495	109	7	are	be	AUX
aeasj-495	109	8	the	the	DET
aeasj-495	109	9	error	error	NOUN
aeasj-495	109	10	correction	correction	NOUN
aeasj-495	109	11	model	model	NOUN
aeasj-495	109	12	adjustment	adjustment	NOUN
aeasj-495	109	13	parameters	parameter	NOUN
aeasj-495	109	14	.	.	PUNCT
aeasj-495	110	1	the	the	DET
aeasj-495	110	2	johansen	johansen	PROPN
aeasj-495	110	3	’s	’s	PART
aeasj-495	110	4	method	method	NOUN
aeasj-495	110	5	estimates	estimate	VERB
aeasj-495	110	6	the	the	DET
aeasj-495	110	7	π	π	PROPN
aeasj-495	110	8	matrix	matrix	NOUN
aeasj-495	110	9	from	from	ADP
aeasj-495	110	10	an	an	DET
aeasj-495	110	11	unrestricted	unrestricted	ADJ
aeasj-495	110	12	var	var	NOUN
aeasj-495	110	13	and	and	CCONJ
aeasj-495	110	14	test	test	VERB
aeasj-495	110	15	if	if	SCONJ
aeasj-495	110	16	the	the	DET
aeasj-495	110	17	restrictions	restriction	NOUN
aeasj-495	110	18	created	create	VERB
aeasj-495	110	19	by	by	ADP
aeasj-495	110	20	the	the	DET
aeasj-495	110	21	reduced	reduce	VERB
aeasj-495	110	22	rank	rank	NOUN
aeasj-495	110	23	of	of	ADP
aeasj-495	110	24	π	π	PROPN
aeasj-495	110	25	.	.	PUNCT
aeasj-495	110	26	ecm	ecm	PROPN
aeasj-495	110	27	regression	regression	NOUN
aeasj-495	110	28	based	base	VERB
aeasj-495	110	29	on	on	ADP
aeasj-495	110	30	the	the	DET
aeasj-495	110	31	results	result	NOUN
aeasj-495	110	32	of	of	ADP
aeasj-495	110	33	the	the	DET
aeasj-495	110	34	unit	unit	NOUN
aeasj-495	110	35	root	root	NOUN
aeasj-495	110	36	and	and	CCONJ
aeasj-495	110	37	cointegration	cointegration	NOUN
aeasj-495	110	38	tests	test	NOUN
aeasj-495	110	39	,	,	PUNCT
aeasj-495	110	40	the	the	DET
aeasj-495	110	41	study	study	NOUN
aeasj-495	110	42	estimate	estimate	VERB
aeasj-495	110	43	the	the	DET
aeasj-495	110	44	ecm	ecm	PROPN
aeasj-495	110	45	regression	regression	NOUN
aeasj-495	110	46	associated	associate	VERB
aeasj-495	110	47	with	with	ADP
aeasj-495	110	48	autoregressive	autoregressive	ADJ
aeasj-495	110	49	distributed	distribute	VERB
aeasj-495	110	50	lag	lag	NOUN
aeasj-495	110	51	(	(	PUNCT
aeasj-495	110	52	ardl	ardl	NOUN
aeasj-495	110	53	)	)	PUNCT
aeasj-495	110	54	derived	derive	VERB
aeasj-495	110	55	through	through	ADP
aeasj-495	110	56	the	the	DET
aeasj-495	110	57	lagged	lag	VERB
aeasj-495	110	58	levels	level	NOUN
aeasj-495	110	59	and	and	CCONJ
aeasj-495	110	60	first	first	ADJ
aeasj-495	110	61	difference	difference	NOUN
aeasj-495	110	62	of	of	ADP
aeasj-495	110	63	𝑦𝑡	𝑦𝑡	NOUN
aeasj-495	110	64	,	,	PUNCT
aeasj-495	110	65	𝑥1𝑡	𝑥1𝑡	NOUN
aeasj-495	110	66	,	,	PUNCT
aeasj-495	110	67	𝑥2𝑡	𝑥2𝑡	PROPN
aeasj-495	110	68	,	,	PUNCT
aeasj-495	110	69	…	…	PUNCT
aeasj-495	110	70	,	,	PUNCT
aeasj-495	110	71	𝑥𝑘𝑡	𝑥𝑘𝑡	NOUN
aeasj-495	110	72	,	,	PUNCT
aeasj-495	110	73	and	and	CCONJ
aeasj-495	110	74	𝑤𝑡	𝑤𝑡	VERB
aeasj-495	110	75	.	.	PUNCT
aeasj-495	111	1	𝜙(𝐿	𝜙(𝐿	PROPN
aeasj-495	111	2	,	,	PUNCT
aeasj-495	111	3	𝑝)𝑦𝑡	𝑝)𝑦𝑡	PROPN
aeasj-495	111	4	=	=	PUNCT
aeasj-495	111	5	∑	∑	PUNCT
aeasj-495	111	6	𝛽𝑖	𝛽𝑖	VERB
aeasj-495	111	7	𝑘	𝑘	PRON
aeasj-495	111	8	𝑖=1	𝑖=1	PROPN
aeasj-495	111	9	(	(	PUNCT
aeasj-495	111	10	𝐿	𝐿	PROPN
aeasj-495	111	11	,	,	PUNCT
aeasj-495	111	12	𝑞𝑖)𝑥𝑖𝑡	𝑞𝑖)𝑥𝑖𝑡	PROPN
aeasj-495	111	13	+	+	NUM
aeasj-495	111	14	𝛿′𝑤𝑡	𝛿′𝑤𝑡	NOUN
aeasj-495	111	15	+	+	CCONJ
aeasj-495	111	16	𝜇𝑡	𝜇𝑡	X
aeasj-495	111	17	(	(	PUNCT
aeasj-495	111	18	9	9	NUM
aeasj-495	111	19	)	)	PUNCT
aeasj-495	111	20	where	where	SCONJ
aeasj-495	111	21	l	l	NOUN
aeasj-495	111	22	represent	represent	VERB
aeasj-495	111	23	a	a	DET
aeasj-495	111	24	lag	lag	NOUN
aeasj-495	111	25	operator	operator	NOUN
aeasj-495	111	26	such	such	ADJ
aeasj-495	111	27	that	that	PRON
aeasj-495	111	28	𝐿𝑦𝑡	𝐿𝑦𝑡	PROPN
aeasj-495	111	29	=	=	SYM
aeasj-495	111	30	𝑦𝑡−1	𝑦𝑡−1	PROPN
aeasj-495	111	31	𝑤𝑡	𝑤𝑡	VERB
aeasj-495	111	32	is	be	AUX
aeasj-495	111	33	a	a	DET
aeasj-495	111	34	s	s	NOUN
aeasj-495	111	35	x	x	SYM
aeasj-495	111	36	1	1	NUM
aeasj-495	111	37	vector	vector	NOUN
aeasj-495	111	38	of	of	ADP
aeasj-495	111	39	deterministic	deterministic	ADJ
aeasj-495	111	40	variables	variable	NOUN
aeasj-495	111	41	such	such	ADJ
aeasj-495	111	42	as	as	ADP
aeasj-495	111	43	the	the	DET
aeasj-495	111	44	intercept	intercept	NOUN
aeasj-495	111	45	term	term	NOUN
aeasj-495	111	46	,	,	PUNCT
aeasj-495	111	47	seasonal	seasonal	ADJ
aeasj-495	111	48	dummies	dummy	NOUN
aeasj-495	111	49	or	or	CCONJ
aeasj-495	111	50	(	(	PUNCT
aeasj-495	111	51	time	time	NOUN
aeasj-495	111	52	trends	trend	NOUN
aeasj-495	111	53	,	,	PUNCT
aeasj-495	111	54	or	or	CCONJ
aeasj-495	111	55	exogenous	exogenous	ADJ
aeasj-495	111	56	variables	variable	NOUN
aeasj-495	111	57	with	with	ADP
aeasj-495	111	58	fixed	fix	VERB
aeasj-495	111	59	lags	lag	NOUN
aeasj-495	111	60	.	.	PUNCT
aeasj-495	112	1	the	the	DET
aeasj-495	112	2	model	model	NOUN
aeasj-495	112	3	is	be	AUX
aeasj-495	112	4	linked	link	VERB
aeasj-495	112	5	thus	thus	ADV
aeasj-495	112	6	:	:	PUNCT
aeasj-495	112	7	𝑦𝑡	𝑦𝑡	NOUN
aeasj-495	112	8	=	=	PUNCT
aeasj-495	112	9	δ𝑦𝑡	δ𝑦𝑡	NOUN
aeasj-495	112	10	+	+	CCONJ
aeasj-495	112	11	𝑦𝑡−1	𝑦𝑡−1	PROPN
aeasj-495	112	12	(	(	PUNCT
aeasj-495	112	13	9	9	NUM
aeasj-495	112	14	)	)	PUNCT
aeasj-495	112	15	𝑦𝑡−𝑠	𝑦𝑡−𝑠	NOUN
aeasj-495	112	16	=	=	SYM
aeasj-495	112	17	𝑦𝑡−1	𝑦𝑡−1	PROPN
aeasj-495	112	18	−	−	PROPN
aeasj-495	112	19	∑	∑	PUNCT
aeasj-495	112	20	δ𝑦𝑡−𝑗	δ𝑦𝑡−𝑗	PROPN
aeasj-495	112	21	,	,	PUNCT
aeasj-495	112	22	𝑠−1	𝑠−1	PROPN
aeasj-495	112	23	𝑗=1	𝑗=1	X
aeasj-495	112	24	𝑠	𝑠	PROPN
aeasj-495	112	25	=	=	SYM
aeasj-495	112	26	1,2	1,2	NUM
aeasj-495	112	27	,	,	PUNCT
aeasj-495	112	28	…	…	PUNCT
aeasj-495	112	29	,	,	PUNCT
aeasj-495	112	30	𝑞𝑖	𝑞𝑖	X
aeasj-495	112	31	(	(	PUNCT
aeasj-495	112	32	10	10	NUM
aeasj-495	112	33	)	)	PUNCT
aeasj-495	112	34	𝑤𝑡	𝑤𝑡	VERB
aeasj-495	112	35	=	=	PUNCT
aeasj-495	112	36	δ𝑤𝑡	δ𝑤𝑡	PROPN
aeasj-495	112	37	+	+	CCONJ
aeasj-495	112	38	𝑤𝑡−1	𝑤𝑡−1	PROPN
aeasj-495	112	39	(	(	PUNCT
aeasj-495	112	40	11	11	NUM
aeasj-495	112	41	)	)	PUNCT
aeasj-495	112	42	𝑥𝑖𝑡	𝑥𝑖𝑡	PROPN
aeasj-495	112	43	=	=	SYM
aeasj-495	112	44	δ𝑥𝑖𝑡	δ𝑥𝑖𝑡	PROPN
aeasj-495	112	45	+	+	CCONJ
aeasj-495	112	46	𝑥𝑖,𝑡−1	𝑥𝑖,𝑡−1	PUNCT
aeasj-495	112	47	(	(	PUNCT
aeasj-495	112	48	12	12	NUM
aeasj-495	112	49	)	)	PUNCT
aeasj-495	112	50	𝑥𝑖,𝑡−𝑠	𝑥𝑖,𝑡−𝑠	NOUN
aeasj-495	112	51	=	=	SYM
aeasj-495	112	52	𝑥𝑡−𝑠	𝑥𝑡−𝑠	NOUN
aeasj-495	112	53	−	−	PROPN
aeasj-495	112	54	∑	∑	SYM
aeasj-495	112	55	δ𝑥𝑖	δ𝑥𝑖	PROPN
aeasj-495	112	56	,	,	PUNCT
aeasj-495	112	57	𝑡−𝑗	𝑡−𝑗	NOUN
aeasj-495	112	58	,	,	PUNCT
aeasj-495	112	59	𝑠−1	𝑠−1	PROPN
aeasj-495	112	60	𝑗=1	𝑗=1	X
aeasj-495	112	61	𝑠	𝑠	PROPN
aeasj-495	112	62	=	=	SYM
aeasj-495	112	63	1,2	1,2	NUM
aeasj-495	112	64	,	,	PUNCT
aeasj-495	112	65	…	…	PUNCT
aeasj-495	112	66	,	,	PUNCT
aeasj-495	112	67	𝑞𝑖	𝑞𝑖	X
aeasj-495	112	68	(	(	PUNCT
aeasj-495	112	69	13	13	NUM
aeasj-495	112	70	)	)	PUNCT
aeasj-495	112	71	substituting	substitute	VERB
aeasj-495	112	72	equations	equation	NOUN
aeasj-495	112	73	8	8	NUM
aeasj-495	112	74	-	-	SYM
aeasj-495	112	75	12	12	NUM
aeasj-495	112	76	into	into	ADP
aeasj-495	112	77	equation	equation	NOUN
aeasj-495	112	78	7	7	NUM
aeasj-495	112	79	and	and	CCONJ
aeasj-495	112	80	simplify	simplify	VERB
aeasj-495	112	81	further	far	ADV
aeasj-495	112	82	,	,	PUNCT
aeasj-495	112	83	the	the	DET
aeasj-495	112	84	model	model	NOUN
aeasj-495	112	85	gives	give	VERB
aeasj-495	112	86	equation	equation	NOUN
aeasj-495	112	87	14	14	NUM
aeasj-495	112	88	thus	thus	ADV
aeasj-495	112	89	:	:	PUNCT
aeasj-495	112	90	copyright	copyright	NOUN
aeasj-495	112	91	©	©	PROPN
aeasj-495	112	92	cc	cc	PROPN
aeasj-495	112	93	-	-	PUNCT
aeasj-495	112	94	by	by	ADP
aeasj-495	112	95	-	-	PUNCT
aeasj-495	112	96	nc	nc	PROPN
aeasj-495	112	97	2020	2020	NUM
aeasj-495	112	98	,	,	PUNCT
aeasj-495	112	99	cribfb	cribfb	PROPN
aeasj-495	112	100	|	|	ADV
aeasj-495	112	101	aesr	aesr	ADV
aeasj-495	112	102	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-495	112	103	american	american	PROPN
aeasj-495	112	104	economic	economic	PROPN
aeasj-495	112	105	&	&	CCONJ
aeasj-495	112	106	social	social	PROPN
aeasj-495	112	107	review	review	PROPN
aeasj-495	112	108	vol	vol	NOUN
aeasj-495	112	109	.	.	PROPN
aeasj-495	113	1	6	6	NUM
aeasj-495	113	2	,	,	PUNCT
aeasj-495	113	3	no	no	INTJ
aeasj-495	113	4	.	.	NOUN
aeasj-495	113	5	1	1	NUM
aeasj-495	113	6	;	;	PUNCT
aeasj-495	113	7	2020	2020	NUM
aeasj-495	113	8	5	5	NUM
aeasj-495	113	9	∆𝑦𝑡	∆𝑦𝑡	ADV
aeasj-495	113	10	=	=	SYM
aeasj-495	113	11	−𝜙(1	−𝜙(1	PROPN
aeasj-495	113	12	,	,	PUNCT
aeasj-495	113	13	𝑝)𝐸𝐶𝑡−1	𝑝)𝐸𝐶𝑡−1	PROPN
aeasj-495	113	14	+	+	CCONJ
aeasj-495	113	15	∑	∑	PROPN
aeasj-495	113	16	𝛽𝑖0δ𝑥𝑖𝑡	𝛽𝑖0δ𝑥𝑖𝑡	PROPN
aeasj-495	113	17	𝑘	𝑘	X
aeasj-495	113	18	𝑖=1	𝑖=1	PROPN
aeasj-495	114	1	+	+	CCONJ
aeasj-495	114	2	𝛿′δw𝑡	𝛿′δw𝑡	PRON
aeasj-495	114	3	−	−	NOUN
aeasj-495	114	4	∑	∑	PUNCT
aeasj-495	114	5	𝜙𝑗	𝜙𝑗	PROPN
aeasj-495	114	6	∗	∗	NOUN
aeasj-495	114	7	𝑝−1	𝑝−1	PROPN
aeasj-495	114	8	𝑗=1	𝑗=1	PROPN
aeasj-495	114	9	δ𝑦𝑡−𝑗	δ𝑦𝑡−𝑗	VERB
aeasj-495	114	10	−	−	PROPN
aeasj-495	114	11	∑	∑	VERB
aeasj-495	114	12	∑	∑	VERB
aeasj-495	114	13	𝛽𝑖𝑗	𝛽𝑖𝑗	VERB
aeasj-495	114	14	∗	∗	NOUN
aeasj-495	114	15	𝑞𝑖−1	𝑞𝑖−1	PROPN
aeasj-495	114	16	𝑗=1	𝑗=1	PROPN
aeasj-495	114	17	𝑘	𝑘	ADP
aeasj-495	114	18	𝑖=1	𝑖=1	PROPN
aeasj-495	114	19	δ𝑥𝑖,𝑡−𝑗	δ𝑥𝑖,𝑡−𝑗	NOUN
aeasj-495	114	20	+	+	NUM
aeasj-495	114	21	𝑢𝑡	𝑢𝑡	NOUN
aeasj-495	114	22	(	(	PUNCT
aeasj-495	114	23	14	14	NUM
aeasj-495	114	24	)	)	PUNCT
aeasj-495	114	25	where	where	SCONJ
aeasj-495	114	26	𝐸𝐶𝑡	𝐸𝐶𝑡	NOUN
aeasj-495	114	27	is	be	AUX
aeasj-495	114	28	the	the	DET
aeasj-495	114	29	correction	correction	NOUN
aeasj-495	114	30	term	term	NOUN
aeasj-495	114	31	defined	define	VERB
aeasj-495	114	32	as	as	ADP
aeasj-495	114	33	𝐸𝐶𝑡	𝐸𝐶𝑡	NOUN
aeasj-495	114	34	=	=	SYM
aeasj-495	114	35	𝑦𝑡	𝑦𝑡	NOUN
aeasj-495	114	36	−	−	PROPN
aeasj-495	114	37	∑	∑	PUNCT
aeasj-495	114	38	�	�	PROPN
aeasj-495	114	39	̂	̂	NOUN
aeasj-495	114	40	�	�	NOUN
aeasj-495	114	41	𝑖	𝑖	SYM
aeasj-495	114	42	𝑘	𝑘	X
aeasj-495	114	43	𝑖=1	𝑖=1	PROPN
aeasj-495	114	44	𝑥𝑖𝑡	𝑥𝑖𝑡	PROPN
aeasj-495	114	45	−	−	PROPN
aeasj-495	114	46	𝜓′𝑤𝑡	𝜓′𝑤𝑡	NOUN
aeasj-495	114	47	(	(	PUNCT
aeasj-495	114	48	15	15	NUM
aeasj-495	114	49	)	)	PUNCT
aeasj-495	114	50	5	5	NUM
aeasj-495	114	51	.	.	NOUN
aeasj-495	114	52	results	result	NOUN
aeasj-495	114	53	and	and	CCONJ
aeasj-495	114	54	discussions	discussion	NOUN
aeasj-495	114	55	table	table	NOUN
aeasj-495	114	56	1	1	NUM
aeasj-495	114	57	.	.	PUNCT
aeasj-495	114	58	augmented	augment	VERB
aeasj-495	114	59	dickey	dickey	PROPN
aeasj-495	114	60	-	-	PUNCT
aeasj-495	114	61	fuller	full	ADJ
aeasj-495	114	62	test	test	NOUN
aeasj-495	114	63	statistic	statistic	NOUN
aeasj-495	114	64	for	for	ADP
aeasj-495	114	65	the	the	DET
aeasj-495	114	66	variables	variable	NOUN
aeasj-495	114	67	*	*	PUNCT
aeasj-495	114	68	significant	significant	ADJ
aeasj-495	114	69	at	at	ADP
aeasj-495	114	70	5	5	NUM
aeasj-495	114	71	%	%	NOUN
aeasj-495	114	72	level	level	NOUN
aeasj-495	114	73	of	of	ADP
aeasj-495	114	74	significance	significance	NOUN
aeasj-495	114	75	source	source	NOUN
aeasj-495	114	76	:	:	PUNCT
aeasj-495	114	77	(	(	PUNCT
aeasj-495	114	78	authors	author	NOUN
aeasj-495	114	79	’	'	PUNCT
aeasj-495	114	80	computation	computation	NOUN
aeasj-495	114	81	,	,	PUNCT
aeasj-495	114	82	2018	2018	NUM
aeasj-495	114	83	)	)	PUNCT
aeasj-495	115	1	table	table	NOUN
aeasj-495	115	2	1	1	NUM
aeasj-495	115	3	presents	present	VERB
aeasj-495	115	4	the	the	DET
aeasj-495	115	5	results	result	NOUN
aeasj-495	115	6	of	of	ADP
aeasj-495	115	7	augmented	augment	VERB
aeasj-495	115	8	dickey	dickey	PROPN
aeasj-495	115	9	-	-	PUNCT
aeasj-495	115	10	fuller	full	ADJ
aeasj-495	115	11	test	test	NOUN
aeasj-495	115	12	statistics	statistic	NOUN
aeasj-495	115	13	for	for	ADP
aeasj-495	115	14	all	all	DET
aeasj-495	115	15	the	the	DET
aeasj-495	115	16	variables	variable	NOUN
aeasj-495	115	17	at	at	ADP
aeasj-495	115	18	level	level	NOUN
aeasj-495	115	19	and	and	CCONJ
aeasj-495	115	20	first	first	ADJ
aeasj-495	115	21	differences	difference	NOUN
aeasj-495	115	22	.	.	PUNCT
aeasj-495	116	1	the	the	DET
aeasj-495	116	2	adf	adf	PROPN
aeasj-495	116	3	test	test	NOUN
aeasj-495	116	4	allows	allow	VERB
aeasj-495	116	5	for	for	ADP
aeasj-495	116	6	heterogeneous	heterogeneous	ADJ
aeasj-495	116	7	coefficients	coefficient	NOUN
aeasj-495	116	8	with	with	ADP
aeasj-495	116	9	a	a	DET
aeasj-495	116	10	null	null	ADJ
aeasj-495	116	11	hypothesis	hypothesis	NOUN
aeasj-495	116	12	that	that	PRON
aeasj-495	116	13	the	the	DET
aeasj-495	116	14	specified	specified	ADJ
aeasj-495	116	15	variables	variable	NOUN
aeasj-495	116	16	follow	follow	VERB
aeasj-495	116	17	a	a	DET
aeasj-495	116	18	unit	unit	NOUN
aeasj-495	116	19	root	root	NOUN
aeasj-495	116	20	process	process	NOUN
aeasj-495	116	21	and	and	CCONJ
aeasj-495	116	22	to	to	PART
aeasj-495	116	23	reject	reject	VERB
aeasj-495	116	24	this	this	PRON
aeasj-495	116	25	,	,	PUNCT
aeasj-495	116	26	the	the	DET
aeasj-495	116	27	adf	adf	NOUN
aeasj-495	116	28	probability	probability	NOUN
aeasj-495	116	29	value	value	NOUN
aeasj-495	116	30	must	must	AUX
aeasj-495	116	31	be	be	AUX
aeasj-495	116	32	less	less	ADJ
aeasj-495	116	33	than	than	ADP
aeasj-495	116	34	or	or	CCONJ
aeasj-495	116	35	equal	equal	ADJ
aeasj-495	116	36	to	to	ADP
aeasj-495	116	37	0.05	0.05	NUM
aeasj-495	116	38	.	.	PUNCT
aeasj-495	117	1	the	the	DET
aeasj-495	117	2	adf	adf	PROPN
aeasj-495	117	3	test	test	NOUN
aeasj-495	117	4	revealed	reveal	VERB
aeasj-495	117	5	that	that	SCONJ
aeasj-495	117	6	all	all	DET
aeasj-495	117	7	variables	variable	NOUN
aeasj-495	117	8	are	be	AUX
aeasj-495	117	9	i(1	i(1	NOUN
aeasj-495	117	10	)	)	PUNCT
aeasj-495	117	11	and	and	CCONJ
aeasj-495	117	12	stationary	stationary	ADJ
aeasj-495	117	13	at	at	ADP
aeasj-495	117	14	first	first	ADJ
aeasj-495	117	15	difference	difference	NOUN
aeasj-495	117	16	.	.	PUNCT
aeasj-495	118	1	based	base	VERB
aeasj-495	118	2	on	on	ADP
aeasj-495	118	3	the	the	DET
aeasj-495	118	4	result	result	NOUN
aeasj-495	118	5	,	,	PUNCT
aeasj-495	118	6	this	this	DET
aeasj-495	118	7	study	study	NOUN
aeasj-495	118	8	proceed	proceed	VERB
aeasj-495	118	9	to	to	ADP
aeasj-495	118	10	the	the	DET
aeasj-495	118	11	cointegration	cointegration	NOUN
aeasj-495	118	12	test	test	NOUN
aeasj-495	118	13	and	and	CCONJ
aeasj-495	118	14	the	the	DET
aeasj-495	118	15	result	result	NOUN
aeasj-495	118	16	is	be	AUX
aeasj-495	118	17	presented	present	VERB
aeasj-495	118	18	in	in	ADP
aeasj-495	118	19	table	table	NOUN
aeasj-495	118	20	2	2	NUM
aeasj-495	118	21	.	.	PUNCT
aeasj-495	118	22	table	table	NOUN
aeasj-495	118	23	2	2	NUM
aeasj-495	118	24	.	.	NOUN
aeasj-495	118	25	trace	trace	NOUN
aeasj-495	118	26	and	and	CCONJ
aeasj-495	118	27	maximum	maximum	ADJ
aeasj-495	118	28	eigenvalue	eigenvalue	ADJ
aeasj-495	118	29	cointegration	cointegration	NOUN
aeasj-495	118	30	rank	rank	NOUN
aeasj-495	118	31	test	test	NOUN
aeasj-495	118	32	results	result	NOUN
aeasj-495	118	33	hypothesized	hypothesize	VERB
aeasj-495	118	34	no	no	ADP
aeasj-495	118	35	.	.	PUNCT
aeasj-495	118	36	of	of	ADP
aeasj-495	118	37	ce(s	ce(s	ADJ
aeasj-495	118	38	)	)	PUNCT
aeasj-495	118	39	trace	trace	NOUN
aeasj-495	118	40	test	test	NOUN
aeasj-495	118	41	statistics	statistic	NOUN
aeasj-495	118	42	prob	prob	PROPN
aeasj-495	118	43	.	.	PUNCT
aeasj-495	119	1	max	max	PROPN
aeasj-495	119	2	-	-	PUNCT
aeasj-495	119	3	eigen	eigen	PROPN
aeasj-495	119	4	statistics	statistics	PROPN
aeasj-495	119	5	prob	prob	PROPN
aeasj-495	119	6	.	.	PUNCT
aeasj-495	120	1	none	none	NOUN
aeasj-495	120	2	174.08	174.08	NUM
aeasj-495	120	3	0.0000	0.0000	NUM
aeasj-495	120	4	*	*	SYM
aeasj-495	120	5	94.7510	94.7510	NUM
aeasj-495	120	6	0.0000	0.0000	NUM
aeasj-495	120	7	*	*	PUNCT
aeasj-495	120	8	at	at	ADP
aeasj-495	120	9	most	most	ADJ
aeasj-495	120	10	1	1	NUM
aeasj-495	120	11	79.3322	79.3322	NUM
aeasj-495	120	12	0.0000	0.0000	NUM
aeasj-495	120	13	*	*	NUM
aeasj-495	120	14	34.6936	34.6936	NUM
aeasj-495	120	15	0.0052	0.0052	NUM
aeasj-495	120	16	*	*	PUNCT
aeasj-495	120	17	at	at	ADP
aeasj-495	120	18	most	most	ADJ
aeasj-495	120	19	2	2	NUM
aeasj-495	120	20	44.6386	44.6386	NUM
aeasj-495	120	21	0.0005	0.0005	NUM
aeasj-495	120	22	*	*	SYM
aeasj-495	120	23	21.0466	21.0466	NUM
aeasj-495	120	24	0.0514	0.0514	NUM
aeasj-495	120	25	at	at	ADP
aeasj-495	120	26	most	most	ADJ
aeasj-495	120	27	3	3	NUM
aeasj-495	120	28	23.5920	23.5920	NUM
aeasj-495	120	29	0.0024	0.0024	NUM
aeasj-495	120	30	*	*	NOUN
aeasj-495	120	31	13.4536	13.4536	NUM
aeasj-495	120	32	0.0669	0.0669	NUM
aeasj-495	120	33	at	at	ADP
aeasj-495	120	34	most	most	ADJ
aeasj-495	120	35	4	4	NUM
aeasj-495	120	36	10.1383	10.1383	NUM
aeasj-495	120	37	0.0015	0.0015	NUM
aeasj-495	120	38	*	*	SYM
aeasj-495	120	39	10.1383	10.1383	NUM
aeasj-495	120	40	0.0015	0.0015	NUM
aeasj-495	120	41	*	*	PUNCT
aeasj-495	120	42	*	*	PUNCT
aeasj-495	120	43	significant	significant	ADJ
aeasj-495	120	44	at	at	ADP
aeasj-495	120	45	5	5	NUM
aeasj-495	120	46	%	%	NOUN
aeasj-495	120	47	level	level	NOUN
aeasj-495	120	48	of	of	ADP
aeasj-495	120	49	significance	significance	NOUN
aeasj-495	120	50	source	source	NOUN
aeasj-495	120	51	:	:	PUNCT
aeasj-495	120	52	(	(	PUNCT
aeasj-495	120	53	authors	author	NOUN
aeasj-495	120	54	’	'	PUNCT
aeasj-495	120	55	computation	computation	NOUN
aeasj-495	120	56	,	,	PUNCT
aeasj-495	120	57	2018	2018	NUM
aeasj-495	120	58	)	)	PUNCT
aeasj-495	120	59	table	table	NOUN
aeasj-495	120	60	2	2	NUM
aeasj-495	120	61	revealed	reveal	VERB
aeasj-495	120	62	that	that	SCONJ
aeasj-495	120	63	the	the	DET
aeasj-495	120	64	trace	trace	NOUN
aeasj-495	120	65	test	test	NOUN
aeasj-495	120	66	statistics	statistic	NOUN
aeasj-495	120	67	established	establish	VERB
aeasj-495	120	68	four	four	NUM
aeasj-495	120	69	(	(	PUNCT
aeasj-495	120	70	4	4	NUM
aeasj-495	120	71	)	)	PUNCT
aeasj-495	120	72	cointegrating	cointegrate	VERB
aeasj-495	120	73	equations	equation	NOUN
aeasj-495	120	74	while	while	SCONJ
aeasj-495	120	75	the	the	DET
aeasj-495	120	76	max	max	PROPN
aeasj-495	120	77	-	-	PUNCT
aeasj-495	120	78	eigen	eigen	PROPN
aeasj-495	120	79	statistics	statistics	PROPN
aeasj-495	120	80	established	establish	VERB
aeasj-495	120	81	two	two	NUM
aeasj-495	120	82	(	(	PUNCT
aeasj-495	120	83	2	2	NUM
aeasj-495	120	84	)	)	PUNCT
aeasj-495	120	85	cointegrating	cointegrate	VERB
aeasj-495	120	86	equations	equation	NOUN
aeasj-495	120	87	.	.	PUNCT
aeasj-495	121	1	this	this	PRON
aeasj-495	121	2	implies	imply	VERB
aeasj-495	121	3	that	that	SCONJ
aeasj-495	121	4	a	a	DET
aeasj-495	121	5	cointegrating	cointegrate	VERB
aeasj-495	121	6	relationship	relationship	NOUN
aeasj-495	121	7	exist	exist	VERB
aeasj-495	121	8	among	among	ADP
aeasj-495	121	9	the	the	DET
aeasj-495	121	10	specified	specified	ADJ
aeasj-495	121	11	variables	variable	NOUN
aeasj-495	121	12	and	and	CCONJ
aeasj-495	121	13	create	create	VERB
aeasj-495	121	14	the	the	DET
aeasj-495	121	15	basis	basis	NOUN
aeasj-495	121	16	for	for	ADP
aeasj-495	121	17	the	the	DET
aeasj-495	121	18	computation	computation	NOUN
aeasj-495	121	19	of	of	ADP
aeasj-495	121	20	the	the	DET
aeasj-495	121	21	ecm	ecm	NOUN
aeasj-495	121	22	.	.	PUNCT
aeasj-495	122	1	the	the	DET
aeasj-495	122	2	result	result	NOUN
aeasj-495	122	3	of	of	ADP
aeasj-495	122	4	the	the	DET
aeasj-495	122	5	ecm	ecm	PROPN
aeasj-495	122	6	is	be	AUX
aeasj-495	122	7	represented	represent	VERB
aeasj-495	122	8	in	in	ADP
aeasj-495	122	9	table	table	NOUN
aeasj-495	122	10	3	3	NUM
aeasj-495	122	11	.	.	PUNCT
aeasj-495	122	12	table	table	NOUN
aeasj-495	122	13	3	3	NUM
aeasj-495	122	14	.	.	X
aeasj-495	122	15	error	error	NOUN
aeasj-495	122	16	correction	correction	NOUN
aeasj-495	122	17	model	model	NOUN
aeasj-495	122	18	result	result	VERB
aeasj-495	122	19	dependent	dependent	ADJ
aeasj-495	122	20	variable	variable	NOUN
aeasj-495	122	21	:	:	PUNCT
aeasj-495	122	22	dloggdp	dloggdp	NOUN
aeasj-495	122	23	variable	variable	ADJ
aeasj-495	122	24	coefficient	coefficient	NOUN
aeasj-495	122	25	std	std	PROPN
aeasj-495	122	26	.	.	NOUN
aeasj-495	122	27	error	error	NOUN
aeasj-495	122	28	t	t	PROPN
aeasj-495	122	29	-	-	PUNCT
aeasj-495	122	30	ratio	ratio	NOUN
aeasj-495	122	31	prob	prob	PROPN
aeasj-495	122	32	.	.	PUNCT
aeasj-495	123	1	dlogmc	dlogmc	PROPN
aeasj-495	123	2	0.0386	0.0386	NUM
aeasj-495	123	3	.04116	.04116	NOUN
aeasj-495	124	1	.93886	.93886	VERB
aeasj-495	124	2	0.356	0.356	NUM
aeasj-495	124	3	dlognod	dlognod	VERB
aeasj-495	124	4	0.0487	0.0487	NUM
aeasj-495	124	5	0.0270	0.0270	NUM
aeasj-495	124	6	1.8031	1.8031	NUM
aeasj-495	124	7	0.083	0.083	NUM
aeasj-495	124	8	dlogvot	dlogvot	PROPN
aeasj-495	124	9	-0.0611	-0.0611	VERB
aeasj-495	124	10	0.0315	0.0315	NUM
aeasj-495	124	11	-1.9386	-1.9386	VERB
aeasj-495	124	12	0.063	0.063	NUM
aeasj-495	124	13	dlogalsi	dlogalsi	ADJ
aeasj-495	124	14	0.0921	0.0921	NUM
aeasj-495	124	15	0.0301	0.0301	NUM
aeasj-495	124	16	3.0568	3.0568	NUM
aeasj-495	124	17	0.005	0.005	NUM
aeasj-495	124	18	ecm	ecm	NOUN
aeasj-495	124	19	(	(	PUNCT
aeasj-495	124	20	-1	-1	INTJ
aeasj-495	124	21	)	)	PUNCT
aeasj-495	124	22	-0.0955	-0.0955	NOUN
aeasj-495	124	23	0.0434	0.0434	NUM
aeasj-495	124	24	-2.2004	-2.2004	NOUN
aeasj-495	124	25	0.037	0.037	NUM
aeasj-495	124	26	r	r	NOUN
aeasj-495	124	27	-	-	PUNCT
aeasj-495	124	28	squared	square	VERB
aeasj-495	124	29	0.5157	0.5157	NUM
aeasj-495	124	30	mean	mean	NOUN
aeasj-495	124	31	dependent	dependent	ADJ
aeasj-495	124	32	var	var	NOUN
aeasj-495	124	33	0.0845	0.0845	NUM
aeasj-495	124	34	adjusted	adjusted	ADJ
aeasj-495	124	35	r	r	NOUN
aeasj-495	124	36	-	-	PUNCT
aeasj-495	124	37	squared	square	VERB
aeasj-495	124	38	0.4439	0.4439	NUM
aeasj-495	124	39	s.d	s.d	PROPN
aeasj-495	124	40	.	.	PUNCT
aeasj-495	125	1	dependent	dependent	ADJ
aeasj-495	125	2	var	var	NOUN
aeasj-495	125	3	0.0488	0.0488	NUM
aeasj-495	125	4	s.e	s.e	PROPN
aeasj-495	125	5	.	.	PROPN
aeasj-495	125	6	of	of	ADP
aeasj-495	125	7	regression	regression	NOUN
aeasj-495	125	8	0.0364	0.0364	NUM
aeasj-495	125	9	sum	sum	NOUN
aeasj-495	125	10	squared	square	VERB
aeasj-495	125	11	resid	resid	NOUN
aeasj-495	125	12	0.0358	0.0358	NUM
aeasj-495	125	13	equation	equation	NOUN
aeasj-495	125	14	log	log	NOUN
aeasj-495	125	15	-	-	PUNCT
aeasj-495	125	16	likelihood	likelihood	NOUN
aeasj-495	125	17	63.3355	63.3355	NUM
aeasj-495	125	18	akaike	akaike	ADJ
aeasj-495	125	19	info	info	NOUN
aeasj-495	125	20	.	.	PUNCT
aeasj-495	126	1	criterion	criterion	NOUN
aeasj-495	126	2	58.3355	58.3355	NUM
aeasj-495	126	3	f	f	NOUN
aeasj-495	126	4	-	-	PUNCT
aeasj-495	126	5	stat	stat	NOUN
aeasj-495	126	6	.	.	PUNCT
aeasj-495	127	1	f	f	PROPN
aeasj-495	127	2	(	(	PUNCT
aeasj-495	127	3	4,27	4,27	NUM
aeasj-495	127	4	)	)	PUNCT
aeasj-495	127	5	7.1873	7.1873	NUM
aeasj-495	127	6	(	(	PUNCT
aeasj-495	127	7	0.00	0.00	NUM
aeasj-495	127	8	)	)	PUNCT
aeasj-495	127	9	schwarz	schwarz	NOUN
aeasj-495	127	10	bayesian	bayesian	NOUN
aeasj-495	127	11	criterion	criterion	NOUN
aeasj-495	127	12	54.6712	54.6712	NUM
aeasj-495	127	13	durbin	durbin	ADJ
aeasj-495	127	14	-	-	PUNCT
aeasj-495	127	15	watson	watson	NOUN
aeasj-495	127	16	stat	stat	PROPN
aeasj-495	127	17	1.8105	1.8105	NUM
aeasj-495	127	18	level	level	NOUN
aeasj-495	127	19	first	first	ADJ
aeasj-495	127	20	difference	difference	NOUN
aeasj-495	127	21	statistic	statistic	NOUN
aeasj-495	127	22	prob	prob	PROPN
aeasj-495	127	23	.	.	PUNCT
aeasj-495	127	24	statistic	statistic	PROPN
aeasj-495	127	25	prob	prob	PROPN
aeasj-495	127	26	.	.	PUNCT
aeasj-495	128	1	interpretation	interpretation	PROPN
aeasj-495	128	2	loggdp	loggdp	PROPN
aeasj-495	128	3	1.153462	1.153462	NUM
aeasj-495	128	4	0.9999	0.9999	NUM
aeasj-495	128	5	-4.137249	-4.137249	NOUN
aeasj-495	128	6	0.0141	0.0141	NUM
aeasj-495	128	7	*	*	PUNCT
aeasj-495	128	8	i(1	i(1	PROPN
aeasj-495	128	9	)	)	PUNCT
aeasj-495	128	10	logmc	logmc	NOUN
aeasj-495	128	11	-0.540636	-0.540636	NOUN
aeasj-495	128	12	0.9759	0.9759	NUM
aeasj-495	128	13	-4.435531	-4.435531	NOUN
aeasj-495	128	14	0.0070	0.0070	NUM
aeasj-495	128	15	*	*	PUNCT
aeasj-495	128	16	i(1	i(1	PROPN
aeasj-495	128	17	)	)	PUNCT
aeasj-495	128	18	lognod	lognod	PROPN
aeasj-495	128	19	-1.049364	-1.049364	PROPN
aeasj-495	128	20	0.9221	0.9221	NUM
aeasj-495	128	21	-5.727334	-5.727334	PUNCT
aeasj-495	129	1	0.0003	0.0003	NUM
aeasj-495	129	2	*	*	SYM
aeasj-495	129	3	i(1	i(1	PROPN
aeasj-495	129	4	)	)	PUNCT
aeasj-495	129	5	logvot	logvot	NOUN
aeasj-495	129	6	-1.156397	-1.156397	NOUN
aeasj-495	129	7	0.9026	0.9026	NUM
aeasj-495	129	8	-4.198723	-4.198723	VERB
aeasj-495	129	9	0.0126	0.0126	NUM
aeasj-495	129	10	*	*	PUNCT
aeasj-495	129	11	i(1	i(1	PROPN
aeasj-495	129	12	)	)	PUNCT
aeasj-495	129	13	logalsi	logalsi	PROPN
aeasj-495	129	14	-0.649602	-0.649602	NOUN
aeasj-495	129	15	0.9685	0.9685	NUM
aeasj-495	129	16	-4.878740	-4.878740	NOUN
aeasj-495	129	17	0.0037	0.0037	NUM
aeasj-495	129	18	*	*	PUNCT
aeasj-495	129	19	i(1	i(1	PROPN
aeasj-495	129	20	)	)	PUNCT
aeasj-495	129	21	copyright	copyright	NOUN
aeasj-495	129	22	©	©	PROPN
aeasj-495	129	23	cc	cc	PROPN
aeasj-495	129	24	-	-	PUNCT
aeasj-495	129	25	by	by	ADP
aeasj-495	129	26	-	-	PUNCT
aeasj-495	129	27	nc	nc	PROPN
aeasj-495	129	28	2020	2020	NUM
aeasj-495	129	29	,	,	PUNCT
aeasj-495	129	30	cribfb	cribfb	PROPN
aeasj-495	129	31	|	|	ADV
aeasj-495	129	32	aesr	aesr	ADV
aeasj-495	129	33	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	VERB
aeasj-495	129	34	american	american	PROPN
aeasj-495	129	35	economic	economic	PROPN
aeasj-495	129	36	&	&	CCONJ
aeasj-495	129	37	social	social	PROPN
aeasj-495	129	38	review	review	PROPN
aeasj-495	129	39	vol	vol	NOUN
aeasj-495	129	40	.	.	PROPN
aeasj-495	130	1	6	6	NUM
aeasj-495	130	2	,	,	PUNCT
aeasj-495	130	3	no	no	INTJ
aeasj-495	130	4	.	.	NOUN
aeasj-495	130	5	1	1	NUM
aeasj-495	130	6	;	;	PUNCT
aeasj-495	130	7	2020	2020	NUM
aeasj-495	130	8	6	6	NUM
aeasj-495	130	9	*	*	PUNCT
aeasj-495	130	10	significant	significant	ADJ
aeasj-495	130	11	at	at	ADP
aeasj-495	130	12	5	5	NUM
aeasj-495	130	13	%	%	NOUN
aeasj-495	130	14	level	level	NOUN
aeasj-495	130	15	of	of	ADP
aeasj-495	130	16	significance	significance	NOUN
aeasj-495	130	17	source	source	NOUN
aeasj-495	130	18	:	:	PUNCT
aeasj-495	130	19	(	(	PUNCT
aeasj-495	130	20	authors	author	NOUN
aeasj-495	130	21	’	'	PUNCT
aeasj-495	130	22	computation	computation	NOUN
aeasj-495	130	23	,	,	PUNCT
aeasj-495	130	24	2018	2018	NUM
aeasj-495	130	25	)	)	PUNCT
aeasj-495	130	26	table	table	NOUN
aeasj-495	130	27	3	3	NUM
aeasj-495	130	28	shows	show	VERB
aeasj-495	130	29	the	the	DET
aeasj-495	130	30	ecm	ecm	PROPN
aeasj-495	130	31	result	result	NOUN
aeasj-495	130	32	coefficients	coefficient	NOUN
aeasj-495	130	33	,	,	PUNCT
aeasj-495	130	34	standard	standard	ADJ
aeasj-495	130	35	error	error	NOUN
aeasj-495	130	36	,	,	PUNCT
aeasj-495	130	37	t	t	PROPN
aeasj-495	130	38	-	-	PUNCT
aeasj-495	130	39	statistics	statistic	NOUN
aeasj-495	130	40	and	and	CCONJ
aeasj-495	130	41	probability	probability	NOUN
aeasj-495	130	42	values	value	NOUN
aeasj-495	130	43	for	for	ADP
aeasj-495	130	44	all	all	DET
aeasj-495	130	45	the	the	DET
aeasj-495	130	46	specified	specified	ADJ
aeasj-495	130	47	model	model	NOUN
aeasj-495	130	48	.	.	PUNCT
aeasj-495	131	1	the	the	DET
aeasj-495	131	2	result	result	NOUN
aeasj-495	131	3	reveals	reveal	VERB
aeasj-495	131	4	the	the	DET
aeasj-495	131	5	influence	influence	NOUN
aeasj-495	131	6	of	of	ADP
aeasj-495	131	7	each	each	DET
aeasj-495	131	8	explanatory	explanatory	ADJ
aeasj-495	131	9	variable	variable	NOUN
aeasj-495	131	10	on	on	ADP
aeasj-495	131	11	economic	economic	ADJ
aeasj-495	131	12	growth	growth	NOUN
aeasj-495	131	13	in	in	ADP
aeasj-495	131	14	nigeria	nigeria	PROPN
aeasj-495	131	15	.	.	PUNCT
aeasj-495	132	1	the	the	DET
aeasj-495	132	2	ecm	ecm	PROPN
aeasj-495	132	3	result	result	NOUN
aeasj-495	132	4	(	(	PUNCT
aeasj-495	132	5	-0.0955	-0.0955	NOUN
aeasj-495	132	6	,	,	PUNCT
aeasj-495	132	7	p	p	X
aeasj-495	132	8	<	<	X
aeasj-495	132	9	0.05	0.05	NUM
aeasj-495	132	10	)	)	PUNCT
aeasj-495	132	11	is	be	AUX
aeasj-495	132	12	statistically	statistically	ADV
aeasj-495	132	13	sign	sign	VERB
aeasj-495	132	14	and	and	CCONJ
aeasj-495	132	15	significant	significant	ADJ
aeasj-495	132	16	which	which	PRON
aeasj-495	132	17	implies	imply	VERB
aeasj-495	132	18	that	that	SCONJ
aeasj-495	132	19	the	the	DET
aeasj-495	132	20	speed	speed	NOUN
aeasj-495	132	21	of	of	ADP
aeasj-495	132	22	adjustment	adjustment	NOUN
aeasj-495	132	23	to	to	ADP
aeasj-495	132	24	equilibrium	equilibrium	NOUN
aeasj-495	132	25	is	be	AUX
aeasj-495	132	26	9.55	9.55	NUM
aeasj-495	132	27	%	%	NOUN
aeasj-495	132	28	and	and	CCONJ
aeasj-495	132	29	offset	offset	NOUN
aeasj-495	132	30	are	be	AUX
aeasj-495	132	31	adjusted	adjust	VERB
aeasj-495	132	32	in	in	ADP
aeasj-495	132	33	each	each	DET
aeasj-495	132	34	period	period	NOUN
aeasj-495	132	35	.	.	PUNCT
aeasj-495	133	1	the	the	DET
aeasj-495	133	2	stock	stock	NOUN
aeasj-495	133	3	market	market	NOUN
aeasj-495	133	4	activities	activity	NOUN
aeasj-495	133	5	measurement	measurement	NOUN
aeasj-495	133	6	such	such	ADJ
aeasj-495	133	7	as	as	ADP
aeasj-495	133	8	market	market	NOUN
aeasj-495	133	9	capitalization	capitalization	NOUN
aeasj-495	133	10	(	(	PUNCT
aeasj-495	133	11	𝜆1	𝜆1	NOUN
aeasj-495	133	12	=	=	PUNCT
aeasj-495	133	13	0.0386	0.0386	NUM
aeasj-495	133	14	,	,	PUNCT
aeasj-495	133	15	p	p	X
aeasj-495	133	16	>	>	X
aeasj-495	133	17	0.05	0.05	NUM
aeasj-495	133	18	)	)	PUNCT
aeasj-495	133	19	,	,	PUNCT
aeasj-495	133	20	number	number	NOUN
aeasj-495	133	21	of	of	ADP
aeasj-495	133	22	deals	deal	NOUN
aeasj-495	133	23	(	(	PUNCT
aeasj-495	133	24	𝜆2	𝜆2	NOUN
aeasj-495	133	25	=	=	SYM
aeasj-495	133	26	0.0487	0.0487	NUM
aeasj-495	133	27	,	,	PUNCT
aeasj-495	133	28	p	p	X
aeasj-495	133	29	<	<	X
aeasj-495	133	30	0.05	0.05	NUM
aeasj-495	133	31	)	)	PUNCT
aeasj-495	133	32	and	and	CCONJ
aeasj-495	133	33	all	all	DET
aeasj-495	133	34	share	share	NOUN
aeasj-495	133	35	index	index	NOUN
aeasj-495	133	36	(	(	PUNCT
aeasj-495	133	37	𝜆4=	𝜆4=	NOUN
aeasj-495	133	38	0.0921	0.0921	NUM
aeasj-495	133	39	,	,	PUNCT
aeasj-495	133	40	p	p	X
aeasj-495	133	41	<	<	X
aeasj-495	133	42	0.05	0.05	NUM
aeasj-495	133	43	)	)	PUNCT
aeasj-495	133	44	have	have	VERB
aeasj-495	133	45	positive	positive	ADJ
aeasj-495	133	46	influence	influence	NOUN
aeasj-495	133	47	on	on	ADP
aeasj-495	133	48	economic	economic	ADJ
aeasj-495	133	49	growth	growth	NOUN
aeasj-495	133	50	,	,	PUNCT
aeasj-495	133	51	while	while	SCONJ
aeasj-495	133	52	the	the	DET
aeasj-495	133	53	volume	volume	NOUN
aeasj-495	133	54	of	of	ADP
aeasj-495	133	55	trading	trading	NOUN
aeasj-495	133	56	(	(	PUNCT
aeasj-495	133	57	𝜆3	𝜆3	NOUN
aeasj-495	133	58	=	=	PUNCT
aeasj-495	133	59	-0.6110	-0.6110	ADJ
aeasj-495	133	60	,	,	PUNCT
aeasj-495	133	61	p	p	X
aeasj-495	133	62	<	<	X
aeasj-495	133	63	0.05	0.05	NUM
aeasj-495	133	64	)	)	PUNCT
aeasj-495	133	65	has	have	VERB
aeasj-495	133	66	a	a	DET
aeasj-495	133	67	negative	negative	ADJ
aeasj-495	133	68	effect	effect	NOUN
aeasj-495	133	69	on	on	ADP
aeasj-495	133	70	economic	economic	ADJ
aeasj-495	133	71	growth	growth	NOUN
aeasj-495	133	72	.	.	PUNCT
aeasj-495	134	1	similarly	similarly	ADV
aeasj-495	134	2	,	,	PUNCT
aeasj-495	134	3	the	the	DET
aeasj-495	134	4	coefficient	coefficient	NOUN
aeasj-495	134	5	of	of	ADP
aeasj-495	134	6	determination	determination	NOUN
aeasj-495	134	7	(	(	PUNCT
aeasj-495	134	8	r2	r2	NOUN
aeasj-495	134	9	)	)	PUNCT
aeasj-495	134	10	value	value	NOUN
aeasj-495	134	11	of	of	ADP
aeasj-495	134	12	0.5157	0.5157	NUM
aeasj-495	134	13	implies	imply	VERB
aeasj-495	134	14	that	that	SCONJ
aeasj-495	134	15	stock	stock	NOUN
aeasj-495	134	16	market	market	NOUN
aeasj-495	134	17	activities	activity	NOUN
aeasj-495	134	18	can	can	AUX
aeasj-495	134	19	explain	explain	VERB
aeasj-495	134	20	about	about	ADP
aeasj-495	134	21	51.57	51.57	NUM
aeasj-495	134	22	%	%	NOUN
aeasj-495	134	23	variation	variation	NOUN
aeasj-495	134	24	in	in	ADP
aeasj-495	134	25	economic	economic	ADJ
aeasj-495	134	26	growth	growth	NOUN
aeasj-495	134	27	in	in	ADP
aeasj-495	134	28	nigeria	nigeria	PROPN
aeasj-495	134	29	while	while	SCONJ
aeasj-495	134	30	the	the	DET
aeasj-495	134	31	fstatistic	fstatistic	ADJ
aeasj-495	134	32	value	value	NOUN
aeasj-495	134	33	indicates	indicate	VERB
aeasj-495	134	34	that	that	SCONJ
aeasj-495	134	35	all	all	DET
aeasj-495	134	36	the	the	DET
aeasj-495	134	37	estimated	estimate	VERB
aeasj-495	134	38	coefficients	coefficient	NOUN
aeasj-495	134	39	are	be	AUX
aeasj-495	134	40	statistically	statistically	ADV
aeasj-495	134	41	different	different	ADJ
aeasj-495	134	42	from	from	ADP
aeasj-495	134	43	zero	zero	NUM
aeasj-495	134	44	at	at	ADP
aeasj-495	134	45	5	5	NUM
aeasj-495	134	46	%	%	NOUN
aeasj-495	134	47	level	level	NOUN
aeasj-495	134	48	of	of	ADP
aeasj-495	134	49	significance	significance	NOUN
aeasj-495	134	50	.	.	PUNCT
aeasj-495	135	1	these	these	DET
aeasj-495	135	2	results	result	NOUN
aeasj-495	135	3	suggested	suggest	VERB
aeasj-495	135	4	that	that	SCONJ
aeasj-495	135	5	all	all	DET
aeasj-495	135	6	the	the	DET
aeasj-495	135	7	specified	specified	ADJ
aeasj-495	135	8	variables	variable	NOUN
aeasj-495	135	9	except	except	SCONJ
aeasj-495	135	10	market	market	NOUN
aeasj-495	135	11	capitalization	capitalization	NOUN
aeasj-495	135	12	have	have	VERB
aeasj-495	135	13	significant	significant	ADJ
aeasj-495	135	14	effect	effect	NOUN
aeasj-495	135	15	on	on	ADP
aeasj-495	135	16	economic	economic	ADJ
aeasj-495	135	17	growth	growth	NOUN
aeasj-495	135	18	in	in	ADP
aeasj-495	135	19	nigeria	nigeria	PROPN
aeasj-495	135	20	within	within	ADP
aeasj-495	135	21	the	the	DET
aeasj-495	135	22	period	period	NOUN
aeasj-495	135	23	investigated	investigate	VERB
aeasj-495	135	24	.	.	PUNCT
aeasj-495	136	1	6	6	X
aeasj-495	136	2	.	.	X
aeasj-495	136	3	conclusion	conclusion	NOUN
aeasj-495	136	4	and	and	CCONJ
aeasj-495	136	5	recommendation	recommendation	NOUN
aeasj-495	136	6	this	this	DET
aeasj-495	136	7	study	study	NOUN
aeasj-495	136	8	examined	examine	VERB
aeasj-495	136	9	the	the	DET
aeasj-495	136	10	influence	influence	NOUN
aeasj-495	136	11	of	of	ADP
aeasj-495	136	12	stock	stock	NOUN
aeasj-495	136	13	market	market	NOUN
aeasj-495	136	14	activities	activity	NOUN
aeasj-495	136	15	on	on	ADP
aeasj-495	136	16	economic	economic	ADJ
aeasj-495	136	17	growth	growth	NOUN
aeasj-495	136	18	in	in	ADP
aeasj-495	136	19	nigeria	nigeria	PROPN
aeasj-495	136	20	and	and	CCONJ
aeasj-495	136	21	the	the	DET
aeasj-495	136	22	results	result	NOUN
aeasj-495	136	23	showed	show	VERB
aeasj-495	136	24	a	a	DET
aeasj-495	136	25	statistically	statistically	ADV
aeasj-495	136	26	sign	sign	NOUN
aeasj-495	136	27	and	and	CCONJ
aeasj-495	136	28	significant	significant	ADJ
aeasj-495	136	29	ecm	ecm	NOUN
aeasj-495	136	30	with	with	ADP
aeasj-495	136	31	measures	measure	NOUN
aeasj-495	136	32	such	such	ADJ
aeasj-495	136	33	as	as	ADP
aeasj-495	136	34	number	number	NOUN
aeasj-495	136	35	of	of	ADP
aeasj-495	136	36	deals	deal	NOUN
aeasj-495	136	37	,	,	PUNCT
aeasj-495	136	38	all	all	PRON
aeasj-495	136	39	share	share	NOUN
aeasj-495	136	40	index	index	NOUN
aeasj-495	136	41	and	and	CCONJ
aeasj-495	136	42	volume	volume	NOUN
aeasj-495	136	43	of	of	ADP
aeasj-495	136	44	trading	trading	NOUN
aeasj-495	136	45	have	have	VERB
aeasj-495	136	46	a	a	DET
aeasj-495	136	47	significant	significant	ADJ
aeasj-495	136	48	influence	influence	NOUN
aeasj-495	136	49	on	on	ADP
aeasj-495	136	50	economic	economic	ADJ
aeasj-495	136	51	growth	growth	NOUN
aeasj-495	136	52	in	in	ADP
aeasj-495	136	53	nigeria	nigeria	PROPN
aeasj-495	136	54	.	.	PUNCT
aeasj-495	137	1	this	this	PRON
aeasj-495	137	2	implies	imply	VERB
aeasj-495	137	3	that	that	SCONJ
aeasj-495	137	4	the	the	DET
aeasj-495	137	5	number	number	NOUN
aeasj-495	137	6	of	of	ADP
aeasj-495	137	7	deals	deal	NOUN
aeasj-495	137	8	and	and	CCONJ
aeasj-495	137	9	all	all	DET
aeasj-495	137	10	share	share	NOUN
aeasj-495	137	11	index	index	NOUN
aeasj-495	137	12	are	be	AUX
aeasj-495	137	13	the	the	DET
aeasj-495	137	14	main	main	ADJ
aeasj-495	137	15	indicator	indicator	NOUN
aeasj-495	137	16	of	of	ADP
aeasj-495	137	17	stock	stock	NOUN
aeasj-495	137	18	market	market	NOUN
aeasj-495	137	19	activities	activity	NOUN
aeasj-495	137	20	in	in	ADP
aeasj-495	137	21	nigeria	nigeria	PRON
aeasj-495	137	22	that	that	PRON
aeasj-495	137	23	influence	influence	VERB
aeasj-495	137	24	economic	economic	ADJ
aeasj-495	137	25	growth	growth	NOUN
aeasj-495	137	26	positively	positively	ADV
aeasj-495	137	27	within	within	ADP
aeasj-495	137	28	the	the	DET
aeasj-495	137	29	period	period	NOUN
aeasj-495	137	30	while	while	SCONJ
aeasj-495	137	31	the	the	DET
aeasj-495	137	32	volume	volume	NOUN
aeasj-495	137	33	of	of	ADP
aeasj-495	137	34	trading	trading	NOUN
aeasj-495	137	35	exacts	exact	VERB
aeasj-495	137	36	a	a	DET
aeasj-495	137	37	negative	negative	ADJ
aeasj-495	137	38	influence	influence	NOUN
aeasj-495	137	39	due	due	ADP
aeasj-495	137	40	to	to	ADP
aeasj-495	137	41	transaction	transaction	NOUN
aeasj-495	137	42	costs	cost	NOUN
aeasj-495	137	43	and	and	CCONJ
aeasj-495	137	44	its	its	PRON
aeasj-495	137	45	ancillary	ancillary	NOUN
aeasj-495	137	46	.	.	PUNCT
aeasj-495	138	1	similarly	similarly	ADV
aeasj-495	138	2	,	,	PUNCT
aeasj-495	138	3	the	the	DET
aeasj-495	138	4	study	study	NOUN
aeasj-495	138	5	revealed	reveal	VERB
aeasj-495	138	6	that	that	SCONJ
aeasj-495	138	7	market	market	NOUN
aeasj-495	138	8	capitalization	capitalization	NOUN
aeasj-495	138	9	has	have	VERB
aeasj-495	138	10	a	a	DET
aeasj-495	138	11	positive	positive	ADJ
aeasj-495	138	12	influence	influence	NOUN
aeasj-495	138	13	on	on	ADP
aeasj-495	138	14	economic	economic	ADJ
aeasj-495	138	15	growth	growth	NOUN
aeasj-495	138	16	,	,	PUNCT
aeasj-495	138	17	though	though	SCONJ
aeasj-495	138	18	the	the	DET
aeasj-495	138	19	extent	extent	NOUN
aeasj-495	138	20	of	of	ADP
aeasj-495	138	21	the	the	DET
aeasj-495	138	22	influence	influence	NOUN
aeasj-495	138	23	is	be	AUX
aeasj-495	138	24	not	not	PART
aeasj-495	138	25	significant	significant	ADJ
aeasj-495	138	26	.	.	PUNCT
aeasj-495	139	1	the	the	DET
aeasj-495	139	2	study	study	NOUN
aeasj-495	139	3	recommend	recommend	VERB
aeasj-495	139	4	that	that	SCONJ
aeasj-495	139	5	investors	investor	NOUN
aeasj-495	139	6	should	should	AUX
aeasj-495	139	7	take	take	VERB
aeasj-495	139	8	the	the	DET
aeasj-495	139	9	advantage	advantage	NOUN
aeasj-495	139	10	of	of	ADP
aeasj-495	139	11	the	the	DET
aeasj-495	139	12	various	various	ADJ
aeasj-495	139	13	opportunities	opportunity	NOUN
aeasj-495	139	14	offered	offer	VERB
aeasj-495	139	15	by	by	ADP
aeasj-495	139	16	the	the	DET
aeasj-495	139	17	stock	stock	NOUN
aeasj-495	139	18	market	market	NOUN
aeasj-495	139	19	in	in	ADP
aeasj-495	139	20	nigeria	nigeria	PROPN
aeasj-495	139	21	while	while	SCONJ
aeasj-495	139	22	market	market	NOUN
aeasj-495	139	23	makers	maker	NOUN
aeasj-495	139	24	and	and	CCONJ
aeasj-495	139	25	regulators	regulator	NOUN
aeasj-495	139	26	should	should	AUX
aeasj-495	139	27	continue	continue	VERB
aeasj-495	139	28	to	to	PART
aeasj-495	139	29	operate	operate	VERB
aeasj-495	139	30	according	accord	VERB
aeasj-495	139	31	to	to	ADP
aeasj-495	139	32	acceptable	acceptable	ADJ
aeasj-495	139	33	best	good	ADJ
aeasj-495	139	34	market	market	NOUN
aeasj-495	139	35	practices	practice	NOUN
aeasj-495	139	36	and	and	CCONJ
aeasj-495	139	37	global	global	ADJ
aeasj-495	139	38	standards	standard	NOUN
aeasj-495	139	39	in	in	ADP
aeasj-495	139	40	order	order	NOUN
aeasj-495	139	41	to	to	PART
aeasj-495	139	42	ensure	ensure	VERB
aeasj-495	139	43	increased	increase	VERB
aeasj-495	139	44	confidence	confidence	NOUN
aeasj-495	139	45	and	and	CCONJ
aeasj-495	139	46	continuous	continuous	ADJ
aeasj-495	139	47	patronage	patronage	NOUN
aeasj-495	139	48	by	by	ADP
aeasj-495	139	49	various	various	ADJ
aeasj-495	139	50	economic	economic	ADJ
aeasj-495	139	51	agents	agent	NOUN
aeasj-495	139	52	.	.	PUNCT
aeasj-495	140	1	references	reference	NOUN
aeasj-495	140	2	afolabi	afolabi	NOUN
aeasj-495	140	3	,	,	PUNCT
aeasj-495	140	4	a.	a.	NOUN
aeasj-495	140	5	a.	a.	NOUN
aeasj-495	140	6	(	(	PUNCT
aeasj-495	140	7	2015	2015	NUM
aeasj-495	140	8	)	)	PUNCT
aeasj-495	140	9	.	.	PUNCT
aeasj-495	141	1	impact	impact	NOUN
aeasj-495	141	2	of	of	ADP
aeasj-495	141	3	the	the	DET
aeasj-495	141	4	nigerian	nigerian	ADJ
aeasj-495	141	5	capital	capital	NOUN
aeasj-495	141	6	market	market	NOUN
aeasj-495	141	7	on	on	ADP
aeasj-495	141	8	the	the	DET
aeasj-495	141	9	economy	economy	NOUN
aeasj-495	141	10	,	,	PUNCT
aeasj-495	141	11	european	european	PROPN
aeasj-495	141	12	journal	journal	PROPN
aeasj-495	141	13	of	of	ADP
aeasj-495	141	14	accounting	accounting	NOUN
aeasj-495	141	15	auditing	auditing	NOUN
aeasj-495	141	16	and	and	CCONJ
aeasj-495	141	17	finance	finance	NOUN
aeasj-495	141	18	research	research	NOUN
aeasj-495	141	19	,	,	PUNCT
aeasj-495	141	20	3(2	3(2	NUM
aeasj-495	141	21	)	)	PUNCT
aeasj-495	141	22	,	,	PUNCT
aeasj-495	141	23	88	88	NUM
aeasj-495	141	24	-	-	SYM
aeasj-495	141	25	96	96	NUM
aeasj-495	141	26	.	.	PUNCT
aeasj-495	141	27	beck	beck	PROPN
aeasj-495	141	28	,	,	PUNCT
aeasj-495	141	29	t.	t.	PROPN
aeasj-495	141	30	&	&	CCONJ
aeasj-495	141	31	levine	levine	PROPN
aeasj-495	141	32	,	,	PUNCT
aeasj-495	141	33	r.	r.	PROPN
aeasj-495	141	34	(	(	PUNCT
aeasj-495	141	35	2001	2001	NUM
aeasj-495	141	36	)	)	PUNCT
aeasj-495	141	37	.	.	PUNCT
aeasj-495	142	1	stock	stock	NOUN
aeasj-495	142	2	markets	market	NOUN
aeasj-495	142	3	,	,	PUNCT
aeasj-495	142	4	banks	bank	NOUN
aeasj-495	142	5	,	,	PUNCT
aeasj-495	142	6	and	and	CCONJ
aeasj-495	142	7	growth	growth	NOUN
aeasj-495	142	8	:	:	PUNCT
aeasj-495	142	9	correlation	correlation	NOUN
aeasj-495	142	10	or	or	CCONJ
aeasj-495	142	11	causality	causality	NOUN
aeasj-495	142	12	?	?	PUNCT
aeasj-495	143	1	policy	policy	NOUN
aeasj-495	143	2	research	research	NOUN
aeasj-495	143	3	working	working	NOUN
aeasj-495	143	4	paper	paper	NOUN
aeasj-495	143	5	2670	2670	NUM
aeasj-495	143	6	,	,	PUNCT
aeasj-495	143	7	washington	washington	PROPN
aeasj-495	143	8	dc	dc	PROPN
aeasj-495	143	9	:	:	PUNCT
aeasj-495	143	10	world	world	PROPN
aeasj-495	143	11	bank	bank	PROPN
aeasj-495	143	12	.	.	PUNCT
aeasj-495	144	1	bencivenga	bencivenga	PROPN
aeasj-495	144	2	,	,	PUNCT
aeasj-495	144	3	v.	v.	PROPN
aeasj-495	144	4	r.	r.	PROPN
aeasj-495	144	5	,	,	PUNCT
aeasj-495	144	6	smith	smith	PROPN
aeasj-495	144	7	,	,	PUNCT
aeasj-495	144	8	b.	b.	PROPN
aeasj-495	144	9	&	&	CCONJ
aeasj-495	144	10	starr	starr	PROPN
aeasj-495	144	11	,	,	PUNCT
aeasj-495	144	12	m.	m.	NOUN
aeasj-495	144	13	(	(	PUNCT
aeasj-495	144	14	1996	1996	NUM
aeasj-495	144	15	)	)	PUNCT
aeasj-495	144	16	.	.	PUNCT
aeasj-495	145	1	equity	equity	NOUN
aeasj-495	145	2	markets	market	NOUN
aeasj-495	145	3	,	,	PUNCT
aeasj-495	145	4	transaction	transaction	NOUN
aeasj-495	145	5	costs	cost	NOUN
aeasj-495	145	6	,	,	PUNCT
aeasj-495	145	7	and	and	CCONJ
aeasj-495	145	8	capital	capital	NOUN
aeasj-495	145	9	accumulation	accumulation	NOUN
aeasj-495	145	10	:	:	PUNCT
aeasj-495	145	11	an	an	DET
aeasj-495	145	12	illustration	illustration	NOUN
aeasj-495	145	13	.	.	PUNCT
aeasj-495	146	1	world	world	PROPN
aeasj-495	146	2	bank	bank	PROPN
aeasj-495	146	3	economic	economic	PROPN
aeasj-495	146	4	review	review	PROPN
aeasj-495	146	5	,	,	PUNCT
aeasj-495	146	6	10	10	NUM
aeasj-495	146	7	,	,	PUNCT
aeasj-495	146	8	64365	64365	NUM
aeasj-495	146	9	.	.	PUNCT
aeasj-495	147	1	copeland	copeland	PROPN
aeasj-495	147	2	,	,	PUNCT
aeasj-495	147	3	t.	t.	PROPN
aeasj-495	147	4	e.	e.	PROPN
aeasj-495	147	5	&	&	CCONJ
aeasj-495	147	6	weston	weston	PROPN
aeasj-495	147	7	j.	j.	PROPN
aeasj-495	147	8	f.	f.	PROPN
aeasj-495	147	9	(	(	PUNCT
aeasj-495	147	10	1979	1979	NUM
aeasj-495	147	11	)	)	PUNCT
aeasj-495	147	12	.	.	PUNCT
aeasj-495	148	1	financial	financial	ADJ
aeasj-495	148	2	theory	theory	NOUN
aeasj-495	148	3	and	and	CCONJ
aeasj-495	148	4	corporate	corporate	ADJ
aeasj-495	148	5	policy	policy	NOUN
aeasj-495	148	6	,	,	PUNCT
aeasj-495	148	7	3	3	NUM
aeasj-495	148	8	,	,	PUNCT
aeasj-495	148	9	32	32	NUM
aeasj-495	148	10	-	-	SYM
aeasj-495	148	11	26	26	NUM
aeasj-495	148	12	.	.	PUNCT
aeasj-495	149	1	echekoba	echekoba	PROPN
aeasj-495	149	2	,	,	PUNCT
aeasj-495	149	3	f.	f.	PROPN
aeasj-495	149	4	n.	n.	PROPN
aeasj-495	149	5	,	,	PUNCT
aeasj-495	149	6	ezu	ezu	PROPN
aeasj-495	149	7	,	,	PUNCT
aeasj-495	149	8	g.	g.	PROPN
aeasj-495	149	9	k.	k.	PROPN
aeasj-495	149	10	&	&	CCONJ
aeasj-495	149	11	egbunike	egbunike	PROPN
aeasj-495	149	12	,	,	PUNCT
aeasj-495	149	13	c.	c.	PROPN
aeasj-495	149	14	f.	f.	PROPN
aeasj-495	149	15	(	(	PUNCT
aeasj-495	149	16	2013	2013	NUM
aeasj-495	149	17	)	)	PUNCT
aeasj-495	149	18	.	.	PUNCT
aeasj-495	150	1	the	the	DET
aeasj-495	150	2	impact	impact	NOUN
aeasj-495	150	3	of	of	ADP
aeasj-495	150	4	capital	capital	NOUN
aeasj-495	150	5	market	market	NOUN
aeasj-495	150	6	on	on	ADP
aeasj-495	150	7	the	the	DET
aeasj-495	150	8	growth	growth	NOUN
aeasj-495	150	9	of	of	ADP
aeasj-495	150	10	the	the	DET
aeasj-495	150	11	nigerian	nigerian	ADJ
aeasj-495	150	12	economy	economy	NOUN
aeasj-495	150	13	under	under	ADP
aeasj-495	150	14	democratic	democratic	ADJ
aeasj-495	150	15	rule	rule	NOUN
aeasj-495	150	16	,	,	PUNCT
aeasj-495	150	17	arabian	arabian	ADJ
aeasj-495	150	18	journal	journal	NOUN
aeasj-495	150	19	of	of	ADP
aeasj-495	150	20	business	business	NOUN
aeasj-495	150	21	and	and	CCONJ
aeasj-495	150	22	management	management	NOUN
aeasj-495	150	23	review	review	NOUN
aeasj-495	150	24	,	,	PUNCT
aeasj-495	150	25	3(2	3(2	NUM
aeasj-495	150	26	)	)	PUNCT
aeasj-495	150	27	,	,	PUNCT
aeasj-495	150	28	53	53	NUM
aeasj-495	150	29	-	-	SYM
aeasj-495	150	30	62	62	NUM
aeasj-495	150	31	.	.	PUNCT
aeasj-495	151	1	enisan	enisan	ADJ
aeasj-495	151	2	,	,	PUNCT
aeasj-495	151	3	a.	a.	PROPN
aeasj-495	151	4	&	&	CCONJ
aeasj-495	151	5	olufisayo	olufisayo	PROPN
aeasj-495	151	6	,	,	PUNCT
aeasj-495	151	7	a.o.(2009	a.o.(2009	X
aeasj-495	151	8	)	)	PUNCT
aeasj-495	151	9	.	.	PUNCT
aeasj-495	152	1	stock	stock	NOUN
aeasj-495	152	2	market	market	NOUN
aeasj-495	152	3	development	development	NOUN
aeasj-495	152	4	and	and	CCONJ
aeasj-495	152	5	economic	economic	ADJ
aeasj-495	152	6	growth	growth	NOUN
aeasj-495	152	7	:	:	PUNCT
aeasj-495	152	8	evidence	evidence	NOUN
aeasj-495	152	9	from	from	ADP
aeasj-495	152	10	seven	seven	NUM
aeasj-495	152	11	sub	sub	ADJ
aeasj-495	152	12	-	-	ADJ
aeasj-495	152	13	sahara	sahara	ADJ
aeasj-495	152	14	african	african	ADJ
aeasj-495	152	15	countries	country	NOUN
aeasj-495	152	16	.	.	PUNCT
aeasj-495	153	1	journal	journal	PROPN
aeasj-495	153	2	of	of	ADP
aeasj-495	153	3	economics	economic	NOUN
aeasj-495	153	4	and	and	CCONJ
aeasj-495	153	5	business	business	NOUN
aeasj-495	153	6	,	,	PUNCT
aeasj-495	153	7	61(2	61(2	NUM
aeasj-495	153	8	)	)	PUNCT
aeasj-495	153	9	.	.	PUNCT
aeasj-495	154	1	fama	fama	PROPN
aeasj-495	154	2	,	,	PUNCT
aeasj-495	154	3	e.f	e.f	PROPN
aeasj-495	154	4	.	.	PROPN
aeasj-495	154	5	(	(	PUNCT
aeasj-495	154	6	1970	1970	NUM
aeasj-495	154	7	)	)	PUNCT
aeasj-495	154	8	.	.	PUNCT
aeasj-495	155	1	the	the	DET
aeasj-495	155	2	behaviour	behaviour	NOUN
aeasj-495	155	3	of	of	ADP
aeasj-495	155	4	stock	stock	NOUN
aeasj-495	155	5	market	market	NOUN
aeasj-495	155	6	prices	price	NOUN
aeasj-495	155	7	,	,	PUNCT
aeasj-495	155	8	journal	journal	NOUN
aeasj-495	155	9	of	of	ADP
aeasj-495	155	10	business	business	NOUN
aeasj-495	155	11	,	,	PUNCT
aeasj-495	155	12	39(1	39(1	NUM
aeasj-495	155	13	)	)	PUNCT
aeasj-495	155	14	,	,	PUNCT
aeasj-495	155	15	31	31	NUM
aeasj-495	155	16	-	-	SYM
aeasj-495	155	17	65	65	NUM
aeasj-495	155	18	.	.	PUNCT
aeasj-495	156	1	fynn	fynn	PROPN
aeasj-495	156	2	,	,	PUNCT
aeasj-495	156	3	k.	k.	PROPN
aeasj-495	156	4	d.	d.	PROPN
aeasj-495	156	5	(	(	PUNCT
aeasj-495	156	6	2012	2012	NUM
aeasj-495	156	7	)	)	PUNCT
aeasj-495	156	8	.	.	PUNCT
aeasj-495	157	1	does	do	AUX
aeasj-495	157	2	the	the	DET
aeasj-495	157	3	equity	equity	NOUN
aeasj-495	157	4	market	market	NOUN
aeasj-495	157	5	affect	affect	VERB
aeasj-495	157	6	economic	economic	ADJ
aeasj-495	157	7	growth	growth	NOUN
aeasj-495	157	8	?	?	PUNCT
aeasj-495	158	1	macalester	macalester	PROPN
aeasj-495	158	2	review	review	PROPN
aeasj-495	158	3	journal	journal	PROPN
aeasj-495	158	4	,	,	PUNCT
aeasj-495	158	5	2(2	2(2	NUM
aeasj-495	158	6	)	)	PUNCT
aeasj-495	158	7	,	,	PUNCT
aeasj-495	158	8	1	1	NUM
aeasj-495	158	9	-	-	SYM
aeasj-495	158	10	12	12	NUM
aeasj-495	158	11	.	.	PUNCT
aeasj-495	159	1	ikikii	ikikii	PROPN
aeasj-495	159	2	,	,	PUNCT
aeasj-495	159	3	s.	s.	PROPN
aeasj-495	159	4	m.	m.	PROPN
aeasj-495	159	5	&	&	CCONJ
aeasj-495	159	6	nzomoi	nzomoi	PROPN
aeasj-495	159	7	,	,	PUNCT
aeasj-495	159	8	j.	j.	PROPN
aeasj-495	159	9	n.	n.	PROPN
aeasj-495	159	10	(	(	PUNCT
aeasj-495	159	11	2013	2013	NUM
aeasj-495	159	12	)	)	PUNCT
aeasj-495	159	13	.	.	PUNCT
aeasj-495	160	1	an	an	DET
aeasj-495	160	2	analysis	analysis	NOUN
aeasj-495	160	3	of	of	ADP
aeasj-495	160	4	the	the	DET
aeasj-495	160	5	effects	effect	NOUN
aeasj-495	160	6	of	of	ADP
aeasj-495	160	7	stock	stock	NOUN
aeasj-495	160	8	market	market	NOUN
aeasj-495	160	9	development	development	NOUN
aeasj-495	160	10	on	on	ADP
aeasj-495	160	11	economic	economic	ADJ
aeasj-495	160	12	growth	growth	NOUN
aeasj-495	160	13	in	in	ADP
aeasj-495	160	14	kenya	kenya	PROPN
aeasj-495	160	15	,	,	PUNCT
aeasj-495	160	16	international	international	ADJ
aeasj-495	160	17	journal	journal	NOUN
aeasj-495	160	18	of	of	ADP
aeasj-495	160	19	economics	economic	NOUN
aeasj-495	160	20	and	and	CCONJ
aeasj-495	160	21	finance	finance	NOUN
aeasj-495	160	22	,	,	PUNCT
aeasj-495	160	23	5(11	5(11	NUM
aeasj-495	160	24	)	)	PUNCT
aeasj-495	160	25	,	,	PUNCT
aeasj-495	160	26	145	145	NUM
aeasj-495	160	27	-	-	SYM
aeasj-495	160	28	155	155	NUM
aeasj-495	160	29	.	.	PUNCT
aeasj-495	161	1	ishioro	ishioro	PROPN
aeasj-495	161	2	o.	o.	PROPN
aeasj-495	161	3	b.	b.	PROPN
aeasj-495	161	4	(	(	PUNCT
aeasj-495	161	5	2013	2013	NUM
aeasj-495	161	6	)	)	PUNCT
aeasj-495	161	7	.	.	PUNCT
aeasj-495	162	1	stock	stock	NOUN
aeasj-495	162	2	market	market	NOUN
aeasj-495	162	3	development	development	NOUN
aeasj-495	162	4	and	and	CCONJ
aeasj-495	162	5	economic	economic	ADJ
aeasj-495	162	6	growth	growth	NOUN
aeasj-495	162	7	:	:	PUNCT
aeasj-495	162	8	evidence	evidence	NOUN
aeasj-495	162	9	from	from	ADP
aeasj-495	162	10	zimbabwe	zimbabwe	PROPN
aeasj-495	162	11	.	.	PUNCT
aeasj-495	163	1	ekon	ekon	PROPN
aeasj-495	163	2	.	.	PUNCT
aeasj-495	164	1	misao	misao	PROPN
aeasj-495	164	2	praksa	praksa	PROPN
aeasj-495	164	3	dbk	dbk	PROPN
aeasj-495	164	4	jibril	jibril	PROPN
aeasj-495	164	5	,	,	PUNCT
aeasj-495	164	6	s.	s.	PROPN
aeasj-495	164	7	r.	r.	PROPN
aeasj-495	164	8	,	,	PUNCT
aeasj-495	164	9	salihi	salihi	PROPN
aeasj-495	164	10	,	,	PUNCT
aeasj-495	164	11	a.	a.	NOUN
aeasj-495	164	12	a.	a.	PROPN
aeasj-495	164	13	,	,	PUNCT
aeasj-495	164	14	wambai	wambai	PROPN
aeasj-495	164	15	,	,	PUNCT
aeasj-495	164	16	u.	u.	PROPN
aeasj-495	164	17	s.	s.	PROPN
aeasj-495	164	18	,	,	PUNCT
aeasj-495	164	19	ibrahim	ibrahim	PROPN
aeasj-495	164	20	,	,	PUNCT
aeasj-495	164	21	f.	f.	PROPN
aeasj-495	164	22	b.	b.	PROPN
aeasj-495	164	23	,	,	PUNCT
aeasj-495	164	24	muhammad	muhammad	PROPN
aeasj-495	164	25	,	,	PUNCT
aeasj-495	164	26	s.	s.	PROPN
aeasj-495	164	27	and	and	CCONJ
aeasj-495	164	28	ahmad	ahmad	PROPN
aeasj-495	164	29	,	,	PUNCT
aeasj-495	164	30	t.	t.	PROPN
aeasj-495	164	31	h.	h.	PROPN
aeasj-495	164	32	(	(	PUNCT
aeasj-495	164	33	2015	2015	NUM
aeasj-495	164	34	)	)	PUNCT
aeasj-495	164	35	.	.	PUNCT
aeasj-495	165	1	an	an	DET
aeasj-495	165	2	assessment	assessment	NOUN
aeasj-495	165	3	of	of	ADP
aeasj-495	165	4	nigerian	nigerian	ADJ
aeasj-495	165	5	stock	stock	NOUN
aeasj-495	165	6	exchange	exchange	PROPN
aeasj-495	165	7	market	market	NOUN
aeasj-495	165	8	development	development	NOUN
aeasj-495	165	9	to	to	ADP
aeasj-495	165	10	economic	economic	ADJ
aeasj-495	165	11	growth	growth	NOUN
aeasj-495	165	12	,	,	PUNCT
aeasj-495	165	13	american	american	PROPN
aeasj-495	165	14	international	international	PROPN
aeasj-495	165	15	journal	journal	PROPN
aeasj-495	165	16	of	of	ADP
aeasj-495	165	17	social	social	ADJ
aeasj-495	165	18	science	science	NOUN
aeasj-495	165	19	,	,	PUNCT
aeasj-495	165	20	4(2	4(2	NUM
aeasj-495	165	21	)	)	PUNCT
aeasj-495	165	22	,	,	PUNCT
aeasj-495	165	23	5158	5158	NUM
aeasj-495	165	24	.	.	PUNCT
aeasj-495	166	1	johansen	johansen	PROPN
aeasj-495	166	2	,	,	PUNCT
aeasj-495	166	3	s.	s.	PROPN
aeasj-495	166	4	(	(	PUNCT
aeasj-495	166	5	1991	1991	NUM
aeasj-495	166	6	)	)	PUNCT
aeasj-495	166	7	.	.	PUNCT
aeasj-495	167	1	estimation	estimation	NOUN
aeasj-495	167	2	and	and	CCONJ
aeasj-495	167	3	hypothesis	hypothesis	NOUN
aeasj-495	167	4	testing	testing	NOUN
aeasj-495	167	5	for	for	ADP
aeasj-495	167	6	cointegration	cointegration	NOUN
aeasj-495	167	7	vectors	vector	NOUN
aeasj-495	167	8	in	in	ADP
aeasj-495	167	9	gaussian	gaussian	ADJ
aeasj-495	167	10	vector	vector	NOUN
aeasj-495	167	11	autoregressive	autoregressive	ADJ
aeasj-495	167	12	models	model	NOUN
aeasj-495	167	13	.	.	PUNCT
aeasj-495	168	1	econometrica	econometrica	PROPN
aeasj-495	168	2	,	,	PUNCT
aeasj-495	168	3	59,1551	59,1551	NUM
aeasj-495	168	4	-	-	SYM
aeasj-495	168	5	1580	1580	NUM
aeasj-495	168	6	.	.	PUNCT
aeasj-495	169	1	koirala	koirala	PROPN
aeasj-495	169	2	,	,	PUNCT
aeasj-495	169	3	j.	j.	PROPN
aeasj-495	169	4	(	(	PUNCT
aeasj-495	169	5	2011	2011	NUM
aeasj-495	169	6	)	)	PUNCT
aeasj-495	169	7	.	.	PUNCT
aeasj-495	170	1	the	the	DET
aeasj-495	170	2	effect	effect	NOUN
aeasj-495	170	3	of	of	ADP
aeasj-495	170	4	stock	stock	NOUN
aeasj-495	170	5	market	market	NOUN
aeasj-495	170	6	development	development	NOUN
aeasj-495	170	7	on	on	ADP
aeasj-495	170	8	economic	economic	ADJ
aeasj-495	170	9	growth	growth	NOUN
aeasj-495	170	10	:	:	PUNCT
aeasj-495	170	11	an	an	DET
aeasj-495	170	12	empirical	empirical	ADJ
aeasj-495	170	13	analysis	analysis	NOUN
aeasj-495	170	14	of	of	ADP
aeasj-495	170	15	uk	uk	PROPN
aeasj-495	170	16	,	,	PUNCT
aeasj-495	170	17	electronic	electronic	ADJ
aeasj-495	170	18	copy	copy	NOUN
aeasj-495	170	19	available	available	ADJ
aeasj-495	170	20	at	at	ADP
aeasj-495	170	21	:	:	PUNCT
aeasj-495	170	22	http://ssrn.com/abstract=2494640	http://ssrn.com/abstract=2494640	PROPN
aeasj-495	170	23	kolapo	kolapo	PROPN
aeasj-495	170	24	,	,	PUNCT
aeasj-495	170	25	f.	f.	PROPN
aeasj-495	170	26	t.	t.	PROPN
aeasj-495	170	27	&	&	CCONJ
aeasj-495	170	28	adaramola	adaramola	PROPN
aeasj-495	170	29	,	,	PUNCT
aeasj-495	170	30	a.	a.	NOUN
aeasj-495	170	31	o.	o.	PROPN
aeasj-495	170	32	(	(	PUNCT
aeasj-495	170	33	2012	2012	NUM
aeasj-495	170	34	)	)	PUNCT
aeasj-495	170	35	.	.	PUNCT
aeasj-495	171	1	the	the	DET
aeasj-495	171	2	impact	impact	NOUN
aeasj-495	171	3	of	of	ADP
aeasj-495	171	4	the	the	DET
aeasj-495	171	5	nigerian	nigerian	ADJ
aeasj-495	171	6	capital	capital	NOUN
aeasj-495	171	7	market	market	NOUN
aeasj-495	171	8	on	on	ADP
aeasj-495	171	9	economic	economic	ADJ
aeasj-495	171	10	growth	growth	NOUN
aeasj-495	171	11	(	(	PUNCT
aeasj-495	171	12	1990	1990	NUM
aeasj-495	171	13	-	-	SYM
aeasj-495	171	14	2010	2010	NUM
aeasj-495	171	15	)	)	PUNCT
aeasj-495	171	16	,	,	PUNCT
aeasj-495	171	17	international	international	ADJ
aeasj-495	171	18	journal	journal	NOUN
aeasj-495	171	19	of	of	ADP
aeasj-495	171	20	developing	develop	VERB
aeasj-495	171	21	societies	society	NOUN
aeasj-495	171	22	,	,	PUNCT
aeasj-495	171	23	1(1),11–19	1(1),11–19	NUM
aeasj-495	171	24	.	.	PUNCT
aeasj-495	172	1	mishra	mishra	PROPN
aeasj-495	172	2	,	,	PUNCT
aeasj-495	172	3	p.k	p.k	PROPN
aeasj-495	172	4	.	.	PROPN
aeasj-495	172	5	,	,	PUNCT
aeasj-495	172	6	u.s	u.s	PROPN
aeasj-495	172	7	.	.	PROPN
aeasj-495	172	8	,	,	PUNCT
aeasj-495	172	9	mishra	mishra	PROPN
aeasj-495	172	10	,	,	PUNCT
aeasj-495	172	11	u.s	u.s	PROPN
aeasj-495	172	12	.	.	PROPN
aeasj-495	172	13	,	,	PUNCT
aeasj-495	172	14	mishra	mishra	PROPN
aeasj-495	172	15	,	,	PUNCT
aeasj-495	172	16	b.r	b.r	PROPN
aeasj-495	172	17	.	.	PROPN
aeasj-495	172	18	,	,	PUNCT
aeasj-495	172	19	&	&	CCONJ
aeasj-495	172	20	mishra	mishra	PROPN
aeasj-495	172	21	.	.	PUNCT
aeasj-495	173	1	p.	p.	NOUN
aeasj-495	173	2	(	(	PUNCT
aeasj-495	173	3	2010	2010	NUM
aeasj-495	173	4	)	)	PUNCT
aeasj-495	173	5	.	.	PUNCT
aeasj-495	174	1	capital	capital	NOUN
aeasj-495	174	2	market	market	NOUN
aeasj-495	174	3	efficiency	efficiency	NOUN
aeasj-495	174	4	and	and	CCONJ
aeasj-495	174	5	economic	economic	ADJ
aeasj-495	174	6	growth	growth	NOUN
aeasj-495	174	7	:	:	PUNCT
aeasj-495	174	8	the	the	DET
aeasj-495	174	9	case	case	NOUN
aeasj-495	174	10	of	of	ADP
aeasj-495	174	11	india	india	PROPN
aeasj-495	174	12	.	.	PUNCT
aeasj-495	175	1	european	european	PROPN
aeasj-495	175	2	journal	journal	PROPN
aeasj-495	175	3	of	of	ADP
aeasj-495	175	4	economics	economic	NOUN
aeasj-495	175	5	,	,	PUNCT
aeasj-495	175	6	finance	finance	NOUN
aeasj-495	175	7	and	and	CCONJ
aeasj-495	175	8	administrative	administrative	ADJ
aeasj-495	175	9	sciences	sciences	PROPN
aeasj-495	175	10	issue	issue	NOUN
aeasj-495	175	11	,	,	PUNCT
aeasj-495	175	12	27	27	NUM
aeasj-495	175	13	(	(	PUNCT
aeasj-495	175	14	18	18	NUM
aeasj-495	175	15	)	)	PUNCT
aeasj-495	175	16	,	,	PUNCT
aeasj-495	175	17	130	130	NUM
aeasj-495	175	18	-	-	SYM
aeasj-495	175	19	138	138	NUM
aeasj-495	175	20	.	.	PUNCT
aeasj-495	176	1	nowbutsing	nowbutsing	PROPN
aeasj-495	176	2	,	,	PUNCT
aeasj-495	176	3	b.	b.	PROPN
aeasj-495	176	4	m.	m.	PROPN
aeasj-495	176	5	&	&	CCONJ
aeasj-495	176	6	odit	odit	PROPN
aeasj-495	176	7	,	,	PUNCT
aeasj-495	176	8	p.	p.	NOUN
aeasj-495	176	9	m.	m.	NOUN
aeasj-495	176	10	(	(	PUNCT
aeasj-495	176	11	2009	2009	NUM
aeasj-495	176	12	)	)	PUNCT
aeasj-495	176	13	.	.	PUNCT
aeasj-495	177	1	stock	stock	NOUN
aeasj-495	177	2	market	market	NOUN
aeasj-495	177	3	development	development	NOUN
aeasj-495	177	4	and	and	CCONJ
aeasj-495	177	5	economic	economic	ADJ
aeasj-495	177	6	growth	growth	NOUN
aeasj-495	177	7	:	:	PUNCT
aeasj-495	177	8	the	the	DET
aeasj-495	177	9	case	case	NOUN
aeasj-495	177	10	of	of	ADP
aeasj-495	177	11	mauritius	mauritius	PROPN
aeasj-495	177	12	,	,	PUNCT
aeasj-495	177	13	international	international	ADJ
aeasj-495	177	14	business	business	NOUN
aeasj-495	177	15	and	and	CCONJ
aeasj-495	177	16	economics	economics	PROPN
aeasj-495	177	17	research	research	PROPN
aeasj-495	177	18	journal	journal	PROPN
aeasj-495	177	19	,	,	PUNCT
aeasj-495	177	20	8(2	8(2	NUM
aeasj-495	177	21	)	)	PUNCT
aeasj-495	177	22	,	,	PUNCT
aeasj-495	177	23	7788	7788	NUM
aeasj-495	177	24	.	.	PUNCT
aeasj-495	178	1	http://ssrn.com/abstract=2494640	http://ssrn.com/abstract=2494640	PROPN
aeasj-495	178	2	copyright	copyright	NOUN
aeasj-495	178	3	©	©	PROPN
aeasj-495	178	4	cc	cc	PROPN
aeasj-495	178	5	-	-	PUNCT
aeasj-495	178	6	by	by	ADP
aeasj-495	178	7	-	-	PUNCT
aeasj-495	178	8	nc	nc	PROPN
aeasj-495	178	9	2020	2020	NUM
aeasj-495	178	10	,	,	PUNCT
aeasj-495	178	11	cribfb	cribfb	PROPN
aeasj-495	178	12	|	|	ADV
aeasj-495	178	13	aesr	aesr	ADV
aeasj-495	178	14	www.cribfb.com/journal/index.php/aesr	www.cribfb.com/journal/index.php/aesr	AUX
aeasj-495	178	15	american	american	PROPN
aeasj-495	178	16	economic	economic	PROPN
aeasj-495	178	17	&	&	CCONJ
aeasj-495	178	18	social	social	PROPN
aeasj-495	178	19	review	review	PROPN
aeasj-495	178	20	vol	vol	NOUN
aeasj-495	178	21	.	.	PROPN
aeasj-495	179	1	6	6	NUM
aeasj-495	179	2	,	,	PUNCT
aeasj-495	179	3	no	no	INTJ
aeasj-495	179	4	.	.	NOUN
aeasj-495	179	5	1	1	NUM
aeasj-495	179	6	;	;	PUNCT
aeasj-495	179	7	2020	2020	NUM
aeasj-495	179	8	7	7	NUM
aeasj-495	179	9	odhiambo	odhiambo	NOUN
aeasj-495	179	10	,	,	PUNCT
aeasj-495	179	11	n.m	n.m	PROPN
aeasj-495	179	12	.	.	PROPN
aeasj-495	179	13	(	(	PUNCT
aeasj-495	179	14	2010	2010	NUM
aeasj-495	179	15	)	)	PUNCT
aeasj-495	179	16	.	.	PUNCT
aeasj-495	180	1	stock	stock	NOUN
aeasj-495	180	2	market	market	NOUN
aeasj-495	180	3	development	development	NOUN
aeasj-495	180	4	and	and	CCONJ
aeasj-495	180	5	economic	economic	ADJ
aeasj-495	180	6	growth	growth	NOUN
aeasj-495	180	7	in	in	ADP
aeasj-495	180	8	south	south	PROPN
aeasj-495	180	9	africa	africa	PROPN
aeasj-495	180	10	:	:	PUNCT
aeasj-495	180	11	an	an	DET
aeasj-495	180	12	ardi	ardi	PROPN
aeasj-495	180	13	bounds	bound	NOUN
aeasj-495	180	14	.	.	PUNCT
aeasj-495	181	1	department	department	NOUN
aeasj-495	181	2	of	of	ADP
aeasj-495	181	3	economics	economic	NOUN
aeasj-495	181	4	,	,	PUNCT
aeasj-495	181	5	university	university	NOUN
aeasj-495	181	6	of	of	ADP
aeasj-495	181	7	south	south	PROPN
aeasj-495	181	8	africa	africa	PROPN
aeasj-495	181	9	.	.	PUNCT
aeasj-495	182	1	okodua	okodua	PROPN
aeasj-495	182	2	,	,	PUNCT
aeasj-495	182	3	h.	h.	PROPN
aeasj-495	182	4	,	,	PUNCT
aeasj-495	182	5	&	&	CCONJ
aeasj-495	182	6	ewetan	ewetan	PROPN
aeasj-495	182	7	,	,	PUNCT
aeasj-495	182	8	o.	o.	PROPN
aeasj-495	182	9	o.	o.	PROPN
aeasj-495	182	10	(	(	PUNCT
aeasj-495	182	11	2013	2013	NUM
aeasj-495	182	12	)	)	PUNCT
aeasj-495	182	13	.	.	PUNCT
aeasj-495	183	1	stock	stock	NOUN
aeasj-495	183	2	market	market	NOUN
aeasj-495	183	3	performance	performance	NOUN
aeasj-495	183	4	and	and	CCONJ
aeasj-495	183	5	sustainable	sustainable	ADJ
aeasj-495	183	6	economic	economic	ADJ
aeasj-495	183	7	growth	growth	NOUN
aeasj-495	183	8	in	in	ADP
aeasj-495	183	9	nigeria	nigeria	PROPN
aeasj-495	183	10	:	:	PUNCT
aeasj-495	183	11	a	a	DET
aeasj-495	183	12	bounds	bound	NOUN
aeasj-495	183	13	testing	test	VERB
aeasj-495	183	14	co	co	NOUN
aeasj-495	183	15	-	-	NOUN
aeasj-495	183	16	integration	integration	NOUN
aeasj-495	183	17	approach	approach	NOUN
aeasj-495	183	18	.	.	PUNCT
aeasj-495	184	1	journal	journal	NOUN
aeasj-495	184	2	of	of	ADP
aeasj-495	184	3	sustainable	sustainable	ADJ
aeasj-495	184	4	development	development	NOUN
aeasj-495	184	5	,	,	PUNCT
aeasj-495	184	6	6(8	6(8	NUM
aeasj-495	184	7	)	)	PUNCT
aeasj-495	184	8	.	.	PUNCT
aeasj-495	185	1	okoye	okoye	PROPN
aeasj-495	185	2	,	,	PUNCT
aeasj-495	185	3	v.	v.	PROPN
aeasj-495	185	4	o.	o.	PROPN
aeasj-495	185	5	&	&	CCONJ
aeasj-495	185	6	nwisienyi	nwisienyi	PROPN
aeasj-495	185	7	,	,	PUNCT
aeasj-495	185	8	k.	k.	PROPN
aeasj-495	185	9	j.	j.	PROPN
aeasj-495	185	10	(	(	PUNCT
aeasj-495	185	11	2013	2013	NUM
aeasj-495	185	12	)	)	PUNCT
aeasj-495	185	13	.	.	PUNCT
aeasj-495	186	1	the	the	DET
aeasj-495	186	2	capital	capital	NOUN
aeasj-495	186	3	market	market	NOUN
aeasj-495	186	4	contributions	contribution	NOUN
aeasj-495	186	5	towards	towards	ADP
aeasj-495	186	6	economic	economic	ADJ
aeasj-495	186	7	growth	growth	NOUN
aeasj-495	186	8	and	and	CCONJ
aeasj-495	186	9	development	development	NOUN
aeasj-495	186	10	:	:	PUNCT
aeasj-495	186	11	the	the	DET
aeasj-495	186	12	nigerian	nigerian	ADJ
aeasj-495	186	13	experience	experience	NOUN
aeasj-495	186	14	,	,	PUNCT
aeasj-495	186	15	global	global	ADJ
aeasj-495	186	16	advanced	advanced	ADJ
aeasj-495	186	17	research	research	NOUN
aeasj-495	186	18	journal	journal	NOUN
aeasj-495	186	19	of	of	ADP
aeasj-495	186	20	management	management	NOUN
aeasj-495	186	21	and	and	CCONJ
aeasj-495	186	22	business	business	NOUN
aeasj-495	186	23	studies	study	NOUN
aeasj-495	186	24	,	,	PUNCT
aeasj-495	186	25	2(2	2(2	NUM
aeasj-495	186	26	)	)	PUNCT
aeasj-495	186	27	,	,	PUNCT
aeasj-495	186	28	120	120	NUM
aeasj-495	186	29	-	-	SYM
aeasj-495	186	30	125	125	NUM
aeasj-495	186	31	.	.	PUNCT
aeasj-495	187	1	osei	osei	PROPN
aeasj-495	187	2	,	,	PUNCT
aeasj-495	187	3	v.	v.	PROPN
aeasj-495	187	4	(	(	PUNCT
aeasj-495	187	5	2005	2005	NUM
aeasj-495	187	6	)	)	PUNCT
aeasj-495	187	7	.	.	PUNCT
aeasj-495	188	1	does	do	VERB
aeasj-495	188	2	the	the	DET
aeasj-495	188	3	stock	stock	NOUN
aeasj-495	188	4	market	market	NOUN
aeasj-495	188	5	in	in	ADP
aeasj-495	188	6	ghana	ghana	PROPN
aeasj-495	188	7	?	?	PUNCT
aeasj-495	189	1	a	a	DET
aeasj-495	189	2	granger	granger	PROPN
aeasj-495	189	3	causality	causality	PROPN
aeasj-495	189	4	analysis	analysis	NOUN
aeasj-495	189	5	bank	bank	PROPN
aeasj-495	189	6	of	of	ADP
aeasj-495	189	7	ghana	ghana	PROPN
aeasj-495	189	8	working	working	PROPN
aeasj-495	189	9	paper	paper	NOUN
aeasj-495	189	10	,	,	PUNCT
aeasj-495	189	11	05(13	05(13	NUM
aeasj-495	189	12	)	)	PUNCT
aeasj-495	189	13	.	.	PUNCT
aeasj-495	190	1	oskooe	oskooe	ADJ
aeasj-495	190	2	,	,	PUNCT
aeasj-495	190	3	s.a.p	s.a.p	NOUN
aeasj-495	190	4	.	.	PUNCT
aeasj-495	191	1	(	(	PUNCT
aeasj-495	191	2	2010	2010	NUM
aeasj-495	191	3	)	)	PUNCT
aeasj-495	191	4	.	.	PUNCT
aeasj-495	192	1	emerging	emerge	VERB
aeasj-495	192	2	stock	stock	NOUN
aeasj-495	192	3	market	market	NOUN
aeasj-495	192	4	performance	performance	NOUN
aeasj-495	192	5	and	and	CCONJ
aeasj-495	192	6	economic	economic	ADJ
aeasj-495	192	7	growth	growth	NOUN
aeasj-495	192	8	.	.	PUNCT
aeasj-495	193	1	school	school	NOUN
aeasj-495	193	2	of	of	ADP
aeasj-495	193	3	economics	economic	NOUN
aeasj-495	193	4	,	,	PUNCT
aeasj-495	193	5	kingston	kingston	PROPN
aeasj-495	193	6	university	university	PROPN
aeasj-495	193	7	.	.	PUNCT
aeasj-495	194	1	american	american	PROPN
aeasj-495	194	2	journal	journal	PROPN
aeasj-495	194	3	of	of	ADP
aeasj-495	194	4	applied	apply	VERB
aeasj-495	194	5	sciences	science	NOUN
aeasj-495	194	6	,	,	PUNCT
aeasj-495	194	7	7(2	7(2	NUM
aeasj-495	194	8	)	)	PUNCT
aeasj-495	194	9	,	,	PUNCT
aeasj-495	194	10	265	265	NUM
aeasj-495	194	11	-	-	SYM
aeasj-495	194	12	269	269	NUM
aeasj-495	194	13	.	.	PUNCT
aeasj-495	194	14	pan	pan	PROPN
aeasj-495	194	15	l.	l.	PROPN
aeasj-495	194	16	&	&	CCONJ
aeasj-495	194	17	mishra	mishra	PROPN
aeasj-495	194	18	v.	v.	PROPN
aeasj-495	194	19	(	(	PUNCT
aeasj-495	194	20	2016	2016	NUM
aeasj-495	194	21	)	)	PUNCT
aeasj-495	194	22	.	.	PUNCT
aeasj-495	195	1	stock	stock	NOUN
aeasj-495	195	2	market	market	NOUN
aeasj-495	195	3	development	development	NOUN
aeasj-495	195	4	and	and	CCONJ
aeasj-495	195	5	economic	economic	ADJ
aeasj-495	195	6	growth	growth	NOUN
aeasj-495	195	7	:	:	PUNCT
aeasj-495	195	8	empirical	empirical	ADJ
aeasj-495	195	9	evidence	evidence	NOUN
aeasj-495	195	10	from	from	ADP
aeasj-495	195	11	china	china	PROPN
aeasj-495	195	12	.	.	PUNCT
aeasj-495	196	1	department	department	PROPN
aeasj-495	196	2	of	of	ADP
aeasj-495	196	3	economics	economics	PROPN
aeasj-495	196	4	discussion	discussion	NOUN
aeasj-495	196	5	paper	paper	PROPN
aeasj-495	196	6	16/16	16/16	NUM
aeasj-495	196	7	,	,	PUNCT
aeasj-495	196	8	issn	issn	PROPN
aeasj-495	196	9	14415429	14415429	NUM
aeasj-495	196	10	,	,	PUNCT
aeasj-495	196	11	monash	monash	PROPN
aeasj-495	196	12	business	business	PROPN
aeasj-495	196	13	school	school	PROPN
aeasj-495	196	14	.	.	PUNCT
aeasj-495	197	1	popoola	popoola	PROPN
aeasj-495	197	2	,	,	PUNCT
aeasj-495	197	3	o.	o.	PROPN
aeasj-495	197	4	(	(	PUNCT
aeasj-495	197	5	2014	2014	NUM
aeasj-495	197	6	)	)	PUNCT
aeasj-495	197	7	.	.	PUNCT
aeasj-495	198	1	the	the	DET
aeasj-495	198	2	effect	effect	NOUN
aeasj-495	198	3	of	of	ADP
aeasj-495	198	4	stock	stock	NOUN
aeasj-495	198	5	market	market	NOUN
aeasj-495	198	6	on	on	ADP
aeasj-495	198	7	nigerian	nigerian	ADJ
aeasj-495	198	8	economy	economy	NOUN
aeasj-495	198	9	.	.	PUNCT
aeasj-495	199	1	unpublished	unpublished	ADJ
aeasj-495	199	2	manuscript	manuscript	NOUN
aeasj-495	199	3	,	,	PUNCT
aeasj-495	199	4	department	department	NOUN
aeasj-495	199	5	of	of	ADP
aeasj-495	199	6	economics	economic	NOUN
aeasj-495	199	7	,	,	PUNCT
aeasj-495	199	8	landmark	landmark	PROPN
aeasj-495	199	9	university	university	PROPN
aeasj-495	199	10	,	,	PUNCT
aeasj-495	199	11	kwara	kwara	PROPN
aeasj-495	199	12	state	state	PROPN
aeasj-495	199	13	,	,	PUNCT
aeasj-495	199	14	nigeria	nigeria	PROPN
aeasj-495	199	15	.	.	PUNCT
aeasj-495	200	1	popoola	popoola	PROPN
aeasj-495	200	2	o.r	o.r	PROPN
aeasj-495	200	3	,	,	PUNCT
aeasj-495	200	4	ejemeyovwi	ejemeyovwi	VERB
aeasj-495	200	5	o.	o.	PROPN
aeasj-495	200	6	j	j	PROPN
aeasj-495	200	7	,	,	PUNCT
aeasj-495	200	8	alege	alege	PROPN
aeasj-495	200	9	,	,	PUNCT
aeasj-495	200	10	o.p	o.p	PROPN
aeasj-495	200	11	.	.	PROPN
aeasj-495	200	12	,	,	PUNCT
aeasj-495	200	13	adu	adu	PROPN
aeasj-495	200	14	o.	o.	NOUN
aeasj-495	200	15	,	,	PUNCT
aeasj-495	200	16	&	&	CCONJ
aeasj-495	200	17	onabote	onabote	VERB
aeasj-495	200	18	a.	a.	NOUN
aeasj-495	200	19	a.	a.	PROPN
aeasj-495	200	20	(	(	PUNCT
aeasj-495	200	21	2017	2017	NUM
aeasj-495	200	22	)	)	PUNCT
aeasj-495	200	23	.	.	PUNCT
aeasj-495	201	1	stock	stock	NOUN
aeasj-495	201	2	market	market	NOUN
aeasj-495	201	3	and	and	CCONJ
aeasj-495	201	4	economic	economic	ADJ
aeasj-495	201	5	growth	growth	NOUN
aeasj-495	201	6	in	in	ADP
aeasj-495	201	7	nigeria	nigeria	PROPN
aeasj-495	201	8	.	.	PUNCT
aeasj-495	202	1	international	international	ADJ
aeasj-495	202	2	journal	journal	PROPN
aeasj-495	202	3	of	of	ADP
aeasj-495	202	4	english	english	PROPN
aeasj-495	202	5	literature	literature	PROPN
aeasj-495	202	6	and	and	CCONJ
aeasj-495	202	7	social	social	ADJ
aeasj-495	202	8	sciences	science	NOUN
aeasj-495	202	9	,	,	PUNCT
aeasj-495	202	10	2(6	2(6	NUM
aeasj-495	202	11	)	)	PUNCT
aeasj-495	202	12	,	,	PUNCT
aeasj-495	202	13	97	97	NUM
aeasj-495	202	14	-	-	SYM
aeasj-495	202	15	106	106	NUM
aeasj-495	202	16	wang	wang	PROPN
aeasj-495	202	17	,	,	PUNCT
aeasj-495	202	18	b.	b.	PROPN
aeasj-495	202	19	&	&	CCONJ
aeasj-495	202	20	ajit	ajit	PROPN
aeasj-495	202	21	d.	d.	PROPN
aeasj-495	202	22	(	(	PUNCT
aeasj-495	202	23	2013	2013	NUM
aeasj-495	202	24	)	)	PUNCT
aeasj-495	202	25	.	.	PUNCT
aeasj-495	203	1	stock	stock	NOUN
aeasj-495	203	2	market	market	NOUN
aeasj-495	203	3	and	and	CCONJ
aeasj-495	203	4	economic	economic	ADJ
aeasj-495	203	5	growth	growth	NOUN
aeasj-495	203	6	in	in	ADP
aeasj-495	203	7	china	china	PROPN
aeasj-495	203	8	.	.	PUNCT
aeasj-495	204	1	economic	economic	ADJ
aeasj-495	204	2	bulletin	bulletin	NOUN
aeasj-495	204	3	,	,	PUNCT
aeasj-495	204	4	access	access	NOUN
aeasj-495	204	5	econ	econ	PROPN
aeasj-495	204	6	,	,	PUNCT
aeasj-495	204	7	33(1	33(1	NUM
aeasj-495	204	8	)	)	PUNCT
aeasj-495	204	9	,	,	PUNCT
aeasj-495	204	10	95	95	NUM
aeasj-495	204	11	-	-	SYM
aeasj-495	204	12	103	103	NUM
aeasj-495	204	13	.	.	PUNCT
aeasj-495	205	1	copyrights	copyright	VERB
aeasj-495	205	2	copyright	copyright	NOUN
aeasj-495	205	3	for	for	ADP
aeasj-495	205	4	this	this	DET
aeasj-495	205	5	article	article	NOUN
aeasj-495	205	6	is	be	AUX
aeasj-495	205	7	retained	retain	VERB
aeasj-495	205	8	by	by	ADP
aeasj-495	205	9	the	the	DET
aeasj-495	205	10	author(s	author(s	PROPN
aeasj-495	205	11	)	)	PUNCT
aeasj-495	205	12	,	,	PUNCT
aeasj-495	205	13	with	with	ADP
aeasj-495	205	14	first	first	ADJ
aeasj-495	205	15	publication	publication	NOUN
aeasj-495	205	16	rights	right	NOUN
aeasj-495	205	17	granted	grant	VERB
aeasj-495	205	18	to	to	ADP
aeasj-495	205	19	the	the	DET
aeasj-495	205	20	journal	journal	NOUN
aeasj-495	205	21	.	.	PUNCT
aeasj-495	206	1	this	this	PRON
aeasj-495	206	2	is	be	AUX
aeasj-495	206	3	an	an	DET
aeasj-495	206	4	open	open	ADJ
aeasj-495	206	5	-	-	PUNCT
aeasj-495	206	6	access	access	NOUN
aeasj-495	206	7	article	article	NOUN
aeasj-495	206	8	distributed	distribute	VERB
aeasj-495	206	9	under	under	ADP
aeasj-495	206	10	the	the	DET
aeasj-495	206	11	terms	term	NOUN
aeasj-495	206	12	and	and	CCONJ
aeasj-495	206	13	conditions	condition	NOUN
aeasj-495	206	14	of	of	ADP
aeasj-495	206	15	the	the	DET
aeasj-495	206	16	creative	creative	ADJ
aeasj-495	206	17	commons	common	NOUN
aeasj-495	206	18	attribution	attribution	NOUN
aeasj-495	206	19	license	license	NOUN
aeasj-495	206	20	(	(	PUNCT
aeasj-495	206	21	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
aeasj-495	206	22	)	)	PUNCT