id	sid	tid	token	lemma	pos
aijbms-111	1	1	american	american	PROPN
aijbms-111	1	2	international	international	PROPN
aijbms-111	1	3	journal	journal	PROPN
aijbms-111	1	4	of	of	ADP
aijbms-111	1	5	business	business	NOUN
aijbms-111	1	6	and	and	CCONJ
aijbms-111	1	7	management	management	NOUN
aijbms-111	1	8	studies	study	NOUN
aijbms-111	1	9	vol	vol	NOUN
aijbms-111	1	10	.	.	PROPN
aijbms-111	2	1	1	1	NUM
aijbms-111	2	2	,	,	PUNCT
aijbms-111	2	3	no	no	INTJ
aijbms-111	2	4	.	.	NOUN
aijbms-111	2	5	1	1	NUM
aijbms-111	2	6	;	;	PUNCT
aijbms-111	2	7	2019	2019	NUM
aijbms-111	2	8	published	publish	VERB
aijbms-111	2	9	by	by	ADP
aijbms-111	2	10	american	american	ADJ
aijbms-111	2	11	center	center	PROPN
aijbms-111	2	12	of	of	ADP
aijbms-111	2	13	science	science	NOUN
aijbms-111	2	14	and	and	CCONJ
aijbms-111	2	15	education	education	NOUN
aijbms-111	2	16	,	,	PUNCT
aijbms-111	2	17	usa	usa	PROPN
aijbms-111	2	18	20	20	NUM
aijbms-111	2	19	macroeconomic	macroeconomic	ADJ
aijbms-111	2	20	variables	variable	NOUN
aijbms-111	2	21	and	and	CCONJ
aijbms-111	2	22	private	private	ADJ
aijbms-111	2	23	investment	investment	NOUN
aijbms-111	2	24	:	:	PUNCT
aijbms-111	2	25	a	a	DET
aijbms-111	2	26	two	two	NUM
aijbms-111	2	27	dimensional	dimensional	ADJ
aijbms-111	2	28	study	study	NOUN
aijbms-111	2	29	from	from	ADP
aijbms-111	2	30	nigeria	nigeria	PROPN
aijbms-111	2	31	economy	economy	PROPN
aijbms-111	2	32	mrs	mrs	PROPN
aijbms-111	2	33	.	.	PROPN
aijbms-111	2	34	fortune	fortune	PROPN
aijbms-111	2	35	bella	bella	PROPN
aijbms-111	2	36	charles	charles	PROPN
aijbms-111	2	37	m	m	PROPN
aijbms-111	2	38	sc	sc	PROPN
aijbms-111	2	39	department	department	PROPN
aijbms-111	2	40	of	of	ADP
aijbms-111	2	41	banking	banking	NOUN
aijbms-111	2	42	and	and	CCONJ
aijbms-111	2	43	finance	finance	NOUN
aijbms-111	2	44	,	,	PUNCT
aijbms-111	2	45	rivers	river	NOUN
aijbms-111	2	46	state	state	PROPN
aijbms-111	2	47	university	university	PROPN
aijbms-111	2	48	,	,	PUNCT
aijbms-111	2	49	rivers	river	NOUN
aijbms-111	2	50	state	state	PROPN
aijbms-111	2	51	,	,	PUNCT
aijbms-111	2	52	nigeria	nigeria	PROPN
aijbms-111	2	53	charles	charles	PROPN
aijbms-111	2	54	ugochukwu	ugochukwu	PROPN
aijbms-111	2	55	okoro	okoro	PROPN
aijbms-111	2	56	m	m	PROPN
aijbms-111	2	57	sc	sc	PROPN
aijbms-111	2	58	.	.	PUNCT
aijbms-111	2	59	department	department	PROPN
aijbms-111	2	60	of	of	ADP
aijbms-111	2	61	accountancy	accountancy	NOUN
aijbms-111	2	62	ken	ken	PROPN
aijbms-111	2	63	saro	saro	NOUN
aijbms-111	2	64	-	-	PUNCT
aijbms-111	2	65	wiwa	wiwa	NOUN
aijbms-111	2	66	polytechnic	polytechnic	ADJ
aijbms-111	2	67	,	,	PUNCT
aijbms-111	2	68	bori	bori	PROPN
aijbms-111	2	69	rivers	river	NOUN
aijbms-111	2	70	state	state	PROPN
aijbms-111	2	71	abstract	abstract	NOUN
aijbms-111	2	72	the	the	DET
aijbms-111	2	73	study	study	NOUN
aijbms-111	2	74	investigated	investigate	VERB
aijbms-111	2	75	the	the	DET
aijbms-111	2	76	impact	impact	NOUN
aijbms-111	2	77	of	of	ADP
aijbms-111	2	78	macroeconomic	macroeconomic	ADJ
aijbms-111	2	79	variables	variable	NOUN
aijbms-111	2	80	on	on	ADP
aijbms-111	2	81	private	private	ADJ
aijbms-111	2	82	investment	investment	NOUN
aijbms-111	2	83	in	in	ADP
aijbms-111	2	84	nigeria	nigeria	PROPN
aijbms-111	2	85	for	for	ADP
aijbms-111	2	86	the	the	DET
aijbms-111	2	87	period	period	NOUN
aijbms-111	2	88	1990	1990	NUM
aijbms-111	2	89	to	to	ADP
aijbms-111	2	90	2016	2016	NUM
aijbms-111	2	91	.	.	PUNCT
aijbms-111	3	1	to	to	PART
aijbms-111	3	2	achieve	achieve	VERB
aijbms-111	3	3	these	these	DET
aijbms-111	3	4	objectives	objective	NOUN
aijbms-111	3	5	,	,	PUNCT
aijbms-111	3	6	the	the	DET
aijbms-111	3	7	study	study	NOUN
aijbms-111	3	8	tests	test	VERB
aijbms-111	3	9	for	for	ADP
aijbms-111	3	10	the	the	DET
aijbms-111	3	11	study	study	NOUN
aijbms-111	3	12	modeled	model	VERB
aijbms-111	3	13	private	private	ADJ
aijbms-111	3	14	equity	equity	NOUN
aijbms-111	3	15	and	and	CCONJ
aijbms-111	3	16	private	private	ADJ
aijbms-111	3	17	real	real	ADJ
aijbms-111	3	18	investment	investment	NOUN
aijbms-111	3	19	as	as	ADP
aijbms-111	3	20	the	the	DET
aijbms-111	3	21	function	function	NOUN
aijbms-111	3	22	exchange	exchange	NOUN
aijbms-111	3	23	rate	rate	NOUN
aijbms-111	3	24	,	,	PUNCT
aijbms-111	3	25	financial	financial	ADJ
aijbms-111	3	26	sector	sector	NOUN
aijbms-111	3	27	development	development	NOUN
aijbms-111	3	28	,	,	PUNCT
aijbms-111	3	29	and	and	CCONJ
aijbms-111	3	30	interest	interest	NOUN
aijbms-111	3	31	rate	rate	NOUN
aijbms-111	3	32	,	,	PUNCT
aijbms-111	3	33	openness	openness	NOUN
aijbms-111	3	34	of	of	ADP
aijbms-111	3	35	the	the	DET
aijbms-111	3	36	economy	economy	NOUN
aijbms-111	3	37	,	,	PUNCT
aijbms-111	3	38	real	real	ADJ
aijbms-111	3	39	gross	gross	ADJ
aijbms-111	3	40	domestic	domestic	ADJ
aijbms-111	3	41	product	product	NOUN
aijbms-111	3	42	,	,	PUNCT
aijbms-111	3	43	inflation	inflation	NOUN
aijbms-111	3	44	rate	rate	NOUN
aijbms-111	3	45	and	and	CCONJ
aijbms-111	3	46	broad	broad	ADJ
aijbms-111	3	47	money	money	NOUN
aijbms-111	3	48	supply	supply	NOUN
aijbms-111	3	49	.	.	PUNCT
aijbms-111	4	1	ordinary	ordinary	ADJ
aijbms-111	4	2	least	least	ADJ
aijbms-111	4	3	square	square	ADJ
aijbms-111	4	4	method	method	NOUN
aijbms-111	4	5	of	of	ADP
aijbms-111	4	6	data	datum	NOUN
aijbms-111	4	7	analysis	analysis	NOUN
aijbms-111	4	8	was	be	AUX
aijbms-111	4	9	used	use	VERB
aijbms-111	4	10	.	.	PUNCT
aijbms-111	5	1	from	from	ADP
aijbms-111	5	2	model	model	NOUN
aijbms-111	5	3	one	one	NUM
aijbms-111	5	4	,	,	PUNCT
aijbms-111	5	5	the	the	DET
aijbms-111	5	6	study	study	NOUN
aijbms-111	5	7	found	find	VERB
aijbms-111	5	8	that	that	SCONJ
aijbms-111	5	9	real	real	ADJ
aijbms-111	5	10	gross	gross	ADJ
aijbms-111	5	11	domestic	domestic	ADJ
aijbms-111	5	12	product	product	NOUN
aijbms-111	5	13	have	have	VERB
aijbms-111	5	14	positive	positive	ADJ
aijbms-111	5	15	but	but	CCONJ
aijbms-111	5	16	insignificant	insignificant	ADJ
aijbms-111	5	17	effect	effect	NOUN
aijbms-111	5	18	,	,	PUNCT
aijbms-111	5	19	openness	openness	NOUN
aijbms-111	5	20	of	of	ADP
aijbms-111	5	21	the	the	DET
aijbms-111	5	22	economy	economy	NOUN
aijbms-111	5	23	have	have	VERB
aijbms-111	5	24	positive	positive	ADJ
aijbms-111	5	25	and	and	CCONJ
aijbms-111	5	26	insignificant	insignificant	ADJ
aijbms-111	5	27	effect	effect	NOUN
aijbms-111	5	28	,	,	PUNCT
aijbms-111	5	29	interest	interest	NOUN
aijbms-111	5	30	rate	rate	NOUN
aijbms-111	5	31	have	have	VERB
aijbms-111	5	32	positive	positive	ADJ
aijbms-111	5	33	and	and	CCONJ
aijbms-111	5	34	significant	significant	ADJ
aijbms-111	5	35	effect	effect	NOUN
aijbms-111	5	36	,	,	PUNCT
aijbms-111	5	37	financial	financial	ADJ
aijbms-111	5	38	deepening	deepening	NOUN
aijbms-111	5	39	have	have	VERB
aijbms-111	5	40	positive	positive	ADJ
aijbms-111	5	41	and	and	CCONJ
aijbms-111	5	42	insignificant	insignificant	ADJ
aijbms-111	5	43	effect	effect	NOUN
aijbms-111	5	44	while	while	SCONJ
aijbms-111	5	45	interest	interest	NOUN
aijbms-111	5	46	rate	rate	NOUN
aijbms-111	5	47	,	,	PUNCT
aijbms-111	5	48	inflation	inflation	NOUN
aijbms-111	5	49	rate	rate	NOUN
aijbms-111	5	50	and	and	CCONJ
aijbms-111	5	51	exchange	exchange	NOUN
aijbms-111	5	52	rate	rate	NOUN
aijbms-111	5	53	have	have	VERB
aijbms-111	5	54	negative	negative	ADJ
aijbms-111	5	55	effect	effect	NOUN
aijbms-111	5	56	on	on	ADP
aijbms-111	5	57	private	private	ADJ
aijbms-111	5	58	real	real	ADJ
aijbms-111	5	59	investment	investment	NOUN
aijbms-111	5	60	.	.	PUNCT
aijbms-111	6	1	the	the	DET
aijbms-111	6	2	coefficient	coefficient	NOUN
aijbms-111	6	3	of	of	ADP
aijbms-111	6	4	determination	determination	NOUN
aijbms-111	6	5	(	(	PUNCT
aijbms-111	6	6	r	r	NOUN
aijbms-111	6	7	2	2	NUM
aijbms-111	6	8	)	)	PUNCT
aijbms-111	6	9	proved	prove	VERB
aijbms-111	6	10	that	that	SCONJ
aijbms-111	6	11	the	the	DET
aijbms-111	6	12	independent	independent	ADJ
aijbms-111	6	13	variables	variable	NOUN
aijbms-111	6	14	can	can	AUX
aijbms-111	6	15	explain	explain	VERB
aijbms-111	6	16	62	62	NUM
aijbms-111	6	17	percent	percent	NOUN
aijbms-111	6	18	variation	variation	NOUN
aijbms-111	6	19	on	on	ADP
aijbms-111	6	20	private	private	ADJ
aijbms-111	6	21	real	real	ADJ
aijbms-111	6	22	investment	investment	NOUN
aijbms-111	6	23	;	;	PUNCT
aijbms-111	6	24	the	the	DET
aijbms-111	6	25	fstatistics	fstatistic	NOUN
aijbms-111	6	26	found	find	VERB
aijbms-111	6	27	that	that	SCONJ
aijbms-111	6	28	the	the	DET
aijbms-111	6	29	model	model	NOUN
aijbms-111	6	30	is	be	AUX
aijbms-111	6	31	significant	significant	ADJ
aijbms-111	6	32	while	while	SCONJ
aijbms-111	6	33	the	the	DET
aijbms-111	6	34	durbin	durbin	PROPN
aijbms-111	6	35	watson	watson	PROPN
aijbms-111	6	36	statistics	statistics	PROPN
aijbms-111	6	37	proved	prove	VERB
aijbms-111	6	38	the	the	DET
aijbms-111	6	39	presence	presence	NOUN
aijbms-111	6	40	of	of	ADP
aijbms-111	6	41	serial	serial	ADJ
aijbms-111	6	42	autocorrelation	autocorrelation	NOUN
aijbms-111	6	43	.	.	PUNCT
aijbms-111	7	1	the	the	DET
aijbms-111	7	2	effect	effect	NOUN
aijbms-111	7	3	of	of	ADP
aijbms-111	7	4	macroeconomic	macroeconomic	ADJ
aijbms-111	7	5	variables	variable	NOUN
aijbms-111	7	6	on	on	ADP
aijbms-111	7	7	private	private	ADJ
aijbms-111	7	8	equity	equity	NOUN
aijbms-111	7	9	investment	investment	NOUN
aijbms-111	7	10	was	be	AUX
aijbms-111	7	11	presented	present	VERB
aijbms-111	7	12	in	in	ADP
aijbms-111	7	13	model	model	NOUN
aijbms-111	7	14	two	two	NUM
aijbms-111	7	15	.	.	PUNCT
aijbms-111	8	1	the	the	DET
aijbms-111	8	2	study	study	NOUN
aijbms-111	8	3	found	find	VERB
aijbms-111	8	4	that	that	SCONJ
aijbms-111	8	5	openness	openness	NOUN
aijbms-111	8	6	of	of	ADP
aijbms-111	8	7	the	the	DET
aijbms-111	8	8	economy	economy	NOUN
aijbms-111	8	9	;	;	PUNCT
aijbms-111	8	10	real	real	ADJ
aijbms-111	8	11	gross	gross	ADJ
aijbms-111	8	12	domestic	domestic	ADJ
aijbms-111	8	13	products	product	NOUN
aijbms-111	8	14	,	,	PUNCT
aijbms-111	8	15	broad	broad	ADJ
aijbms-111	8	16	money	money	NOUN
aijbms-111	8	17	supply	supply	NOUN
aijbms-111	8	18	,	,	PUNCT
aijbms-111	8	19	and	and	CCONJ
aijbms-111	8	20	interest	interest	NOUN
aijbms-111	8	21	rate	rate	NOUN
aijbms-111	8	22	have	have	VERB
aijbms-111	8	23	negative	negative	ADJ
aijbms-111	8	24	and	and	CCONJ
aijbms-111	8	25	insignificant	insignificant	ADJ
aijbms-111	8	26	effect	effect	NOUN
aijbms-111	8	27	on	on	ADP
aijbms-111	8	28	private	private	ADJ
aijbms-111	8	29	equity	equity	NOUN
aijbms-111	8	30	investment	investment	NOUN
aijbms-111	8	31	except	except	SCONJ
aijbms-111	8	32	openness	openness	NOUN
aijbms-111	8	33	of	of	ADP
aijbms-111	8	34	the	the	DET
aijbms-111	8	35	economy	economy	NOUN
aijbms-111	8	36	with	with	ADP
aijbms-111	8	37	significant	significant	ADJ
aijbms-111	8	38	effect	effect	NOUN
aijbms-111	8	39	.	.	PUNCT
aijbms-111	9	1	inflation	inflation	NOUN
aijbms-111	9	2	rate	rate	NOUN
aijbms-111	9	3	,	,	PUNCT
aijbms-111	9	4	financial	financial	ADJ
aijbms-111	9	5	sector	sector	NOUN
aijbms-111	9	6	deepening	deepening	NOUN
aijbms-111	9	7	and	and	CCONJ
aijbms-111	9	8	exchange	exchange	NOUN
aijbms-111	9	9	rate	rate	NOUN
aijbms-111	9	10	have	have	VERB
aijbms-111	9	11	positive	positive	ADJ
aijbms-111	9	12	and	and	CCONJ
aijbms-111	9	13	insignificant	insignificant	ADJ
aijbms-111	9	14	effect	effect	NOUN
aijbms-111	9	15	on	on	ADP
aijbms-111	9	16	private	private	ADJ
aijbms-111	9	17	equity	equity	NOUN
aijbms-111	9	18	investment	investment	NOUN
aijbms-111	9	19	except	except	SCONJ
aijbms-111	9	20	financial	financial	ADJ
aijbms-111	9	21	deepening	deepening	NOUN
aijbms-111	9	22	with	with	ADP
aijbms-111	9	23	significant	significant	ADJ
aijbms-111	9	24	effect	effect	NOUN
aijbms-111	9	25	.	.	PUNCT
aijbms-111	10	1	the	the	DET
aijbms-111	10	2	r	r	NOUN
aijbms-111	10	3	2	2	NUM
aijbms-111	10	4	proved	prove	VERB
aijbms-111	10	5	that	that	SCONJ
aijbms-111	10	6	the	the	DET
aijbms-111	10	7	independent	independent	ADJ
aijbms-111	10	8	variables	variable	NOUN
aijbms-111	10	9	can	can	AUX
aijbms-111	10	10	predict	predict	VERB
aijbms-111	10	11	66.9	66.9	NUM
aijbms-111	10	12	percent	percent	NOUN
aijbms-111	10	13	variation	variation	NOUN
aijbms-111	10	14	on	on	ADP
aijbms-111	10	15	private	private	ADJ
aijbms-111	10	16	equity	equity	NOUN
aijbms-111	10	17	investment	investment	NOUN
aijbms-111	10	18	.	.	PUNCT
aijbms-111	11	1	the	the	DET
aijbms-111	11	2	fstatistics	fstatistic	NOUN
aijbms-111	11	3	found	find	VERB
aijbms-111	11	4	that	that	SCONJ
aijbms-111	11	5	the	the	DET
aijbms-111	11	6	model	model	NOUN
aijbms-111	11	7	is	be	AUX
aijbms-111	11	8	significant	significant	ADJ
aijbms-111	11	9	while	while	SCONJ
aijbms-111	11	10	the	the	DET
aijbms-111	11	11	durbin	durbin	PROPN
aijbms-111	11	12	watson	watson	PROPN
aijbms-111	11	13	statistics	statistics	PROPN
aijbms-111	11	14	proved	prove	VERB
aijbms-111	11	15	the	the	DET
aijbms-111	11	16	presence	presence	NOUN
aijbms-111	11	17	of	of	ADP
aijbms-111	11	18	serial	serial	ADJ
aijbms-111	11	19	autocorrelation	autocorrelation	NOUN
aijbms-111	11	20	.	.	PUNCT
aijbms-111	12	1	we	we	PRON
aijbms-111	12	2	conclude	conclude	VERB
aijbms-111	12	3	that	that	SCONJ
aijbms-111	12	4	macroeconomic	macroeconomic	ADJ
aijbms-111	12	5	variable	variable	NOUN
aijbms-111	12	6	have	have	VERB
aijbms-111	12	7	significant	significant	ADJ
aijbms-111	12	8	effect	effect	NOUN
aijbms-111	12	9	on	on	ADP
aijbms-111	12	10	private	private	ADJ
aijbms-111	12	11	investment	investment	NOUN
aijbms-111	12	12	in	in	ADP
aijbms-111	12	13	nigeria	nigeria	PROPN
aijbms-111	12	14	.	.	PUNCT
aijbms-111	13	1	we	we	PRON
aijbms-111	13	2	recommend	recommend	VERB
aijbms-111	13	3	that	that	SCONJ
aijbms-111	13	4	interest	interest	NOUN
aijbms-111	13	5	rate	rate	NOUN
aijbms-111	13	6	must	must	AUX
aijbms-111	13	7	be	be	AUX
aijbms-111	13	8	able	able	ADJ
aijbms-111	13	9	to	to	PART
aijbms-111	13	10	encourage	encourage	VERB
aijbms-111	13	11	higher	high	ADJ
aijbms-111	13	12	private	private	ADJ
aijbms-111	13	13	investment	investment	NOUN
aijbms-111	13	14	by	by	ADP
aijbms-111	13	15	increasing	increase	VERB
aijbms-111	13	16	the	the	DET
aijbms-111	13	17	real	real	ADJ
aijbms-111	13	18	interstate	interstate	NOUN
aijbms-111	13	19	on	on	ADP
aijbms-111	13	20	private	private	ADJ
aijbms-111	13	21	savings	saving	NOUN
aijbms-111	13	22	or	or	CCONJ
aijbms-111	13	23	household	household	NOUN
aijbms-111	13	24	savings	saving	NOUN
aijbms-111	13	25	so	so	SCONJ
aijbms-111	13	26	that	that	SCONJ
aijbms-111	13	27	larger	large	ADJ
aijbms-111	13	28	amount	amount	NOUN
aijbms-111	13	29	of	of	ADP
aijbms-111	13	30	income	income	NOUN
aijbms-111	13	31	would	would	AUX
aijbms-111	13	32	be	be	AUX
aijbms-111	13	33	saved	save	VERB
aijbms-111	13	34	to	to	PART
aijbms-111	13	35	accumulate	accumulate	VERB
aijbms-111	13	36	more	more	ADJ
aijbms-111	13	37	capital	capital	NOUN
aijbms-111	13	38	and	and	CCONJ
aijbms-111	13	39	hence	hence	ADV
aijbms-111	13	40	private	private	ADJ
aijbms-111	13	41	investment	investment	NOUN
aijbms-111	13	42	.	.	PUNCT
aijbms-111	14	1	policies	policy	NOUN
aijbms-111	14	2	should	should	AUX
aijbms-111	14	3	be	be	AUX
aijbms-111	14	4	formulated	formulate	VERB
aijbms-111	14	5	by	by	ADP
aijbms-111	14	6	investors	investor	NOUN
aijbms-111	14	7	and	and	CCONJ
aijbms-111	14	8	government	government	NOUN
aijbms-111	14	9	to	to	PART
aijbms-111	14	10	discourage	discourage	VERB
aijbms-111	14	11	factors	factor	NOUN
aijbms-111	14	12	that	that	PRON
aijbms-111	14	13	affect	affect	VERB
aijbms-111	14	14	negatively	negatively	ADV
aijbms-111	14	15	private	private	ADJ
aijbms-111	14	16	investment	investment	NOUN
aijbms-111	14	17	.	.	PUNCT
aijbms-111	15	1	keywords	keyword	NOUN
aijbms-111	15	2	:	:	PUNCT
aijbms-111	15	3	macroeconomic	macroeconomic	ADJ
aijbms-111	15	4	variables	variable	NOUN
aijbms-111	15	5	,	,	PUNCT
aijbms-111	15	6	private	private	ADJ
aijbms-111	15	7	investment	investment	NOUN
aijbms-111	15	8	,	,	PUNCT
aijbms-111	15	9	nigeria	nigeria	PROPN
aijbms-111	15	10	economy	economy	NOUN
aijbms-111	15	11	,	,	PUNCT
aijbms-111	15	12	interest	interest	NOUN
aijbms-111	15	13	rate	rate	NOUN
aijbms-111	15	14	,	,	PUNCT
aijbms-111	15	15	money	money	NOUN
aijbms-111	15	16	supply	supply	NOUN
aijbms-111	15	17	.	.	PUNCT
aijbms-111	16	1	introduction	introduction	NOUN
aijbms-111	16	2	the	the	DET
aijbms-111	16	3	neoliberal	neoliberal	ADJ
aijbms-111	16	4	view	view	NOUN
aijbms-111	16	5	by	by	ADP
aijbms-111	16	6	galbis	galbis	NOUN
aijbms-111	16	7	(	(	PUNCT
aijbms-111	16	8	1979	1979	NUM
aijbms-111	16	9	)	)	PUNCT
aijbms-111	16	10	emphasizes	emphasize	VERB
aijbms-111	16	11	the	the	DET
aijbms-111	16	12	importance	importance	NOUN
aijbms-111	16	13	of	of	ADP
aijbms-111	16	14	financial	financial	ADJ
aijbms-111	16	15	deepening	deepening	NOUN
aijbms-111	16	16	and	and	CCONJ
aijbms-111	16	17	high	high	ADJ
aijbms-111	16	18	interest	interest	NOUN
aijbms-111	16	19	rates	rate	NOUN
aijbms-111	16	20	in	in	ADP
aijbms-111	16	21	stimulating	stimulate	VERB
aijbms-111	16	22	growth	growth	NOUN
aijbms-111	16	23	through	through	ADP
aijbms-111	16	24	investment	investment	NOUN
aijbms-111	16	25	.	.	PUNCT
aijbms-111	17	1	the	the	DET
aijbms-111	17	2	proponents	proponent	NOUN
aijbms-111	17	3	of	of	ADP
aijbms-111	17	4	this	this	DET
aijbms-111	17	5	approach	approach	NOUN
aijbms-111	17	6	,	,	PUNCT
aijbms-111	17	7	mckinnon	mckinnon	PROPN
aijbms-111	17	8	(	(	PUNCT
aijbms-111	17	9	1973	1973	NUM
aijbms-111	17	10	)	)	PUNCT
aijbms-111	17	11	and	and	CCONJ
aijbms-111	17	12	shaw	shaw	PROPN
aijbms-111	17	13	(	(	PUNCT
aijbms-111	17	14	1973	1973	NUM
aijbms-111	17	15	)	)	PUNCT
aijbms-111	17	16	offered	offer	VERB
aijbms-111	17	17	a	a	DET
aijbms-111	17	18	theoretical	theoretical	ADJ
aijbms-111	17	19	and	and	CCONJ
aijbms-111	17	20	empirical	empirical	ADJ
aijbms-111	17	21	foundation	foundation	NOUN
aijbms-111	17	22	for	for	ADP
aijbms-111	17	23	the	the	DET
aijbms-111	17	24	relationship	relationship	NOUN
aijbms-111	17	25	between	between	ADP
aijbms-111	17	26	financial	financial	ADJ
aijbms-111	17	27	factors	factor	NOUN
aijbms-111	17	28	and	and	CCONJ
aijbms-111	17	29	investment	investment	NOUN
aijbms-111	17	30	in	in	ADP
aijbms-111	17	31	developing	develop	VERB
aijbms-111	17	32	countries	country	NOUN
aijbms-111	17	33	.	.	PUNCT
aijbms-111	18	1	they	they	PRON
aijbms-111	18	2	argue	argue	VERB
aijbms-111	18	3	that	that	SCONJ
aijbms-111	18	4	developing	develop	VERB
aijbms-111	18	5	countries	country	NOUN
aijbms-111	18	6	suffer	suffer	VERB
aijbms-111	18	7	from	from	ADP
aijbms-111	18	8	financial	financial	ADJ
aijbms-111	18	9	repression	repression	NOUN
aijbms-111	18	10	and	and	CCONJ
aijbms-111	18	11	that	that	SCONJ
aijbms-111	18	12	if	if	SCONJ
aijbms-111	18	13	these	these	DET
aijbms-111	18	14	countries	country	NOUN
aijbms-111	18	15	were	be	AUX
aijbms-111	18	16	liberated	liberate	VERB
aijbms-111	18	17	from	from	ADP
aijbms-111	18	18	their	their	PRON
aijbms-111	18	19	repressive	repressive	ADJ
aijbms-111	18	20	conditions	condition	NOUN
aijbms-111	18	21	,	,	PUNCT
aijbms-111	18	22	savings	saving	NOUN
aijbms-111	18	23	,	,	PUNCT
aijbms-111	18	24	investment	investment	NOUN
aijbms-111	18	25	and	and	CCONJ
aijbms-111	18	26	growth	growth	NOUN
aijbms-111	18	27	would	would	AUX
aijbms-111	18	28	be	be	AUX
aijbms-111	18	29	induced	induce	VERB
aijbms-111	18	30	to	to	PART
aijbms-111	18	31	increase	increase	VERB
aijbms-111	18	32	.	.	PUNCT
aijbms-111	19	1	the	the	DET
aijbms-111	19	2	underlying	underlying	ADJ
aijbms-111	19	3	assumption	assumption	NOUN
aijbms-111	19	4	of	of	ADP
aijbms-111	19	5	the	the	DET
aijbms-111	19	6	model	model	NOUN
aijbms-111	19	7	is	be	AUX
aijbms-111	19	8	that	that	SCONJ
aijbms-111	19	9	saving	saving	NOUN
aijbms-111	19	10	is	be	AUX
aijbms-111	19	11	responsive	responsive	ADJ
aijbms-111	19	12	to	to	ADP
aijbms-111	19	13	interest	interest	NOUN
aijbms-111	19	14	rates	rate	NOUN
aijbms-111	19	15	,	,	PUNCT
aijbms-111	19	16	thus	thus	ADV
aijbms-111	19	17	higher	high	ADJ
aijbms-111	19	18	saving	saving	NOUN
aijbms-111	19	19	rates	rate	NOUN
aijbms-111	19	20	would	would	AUX
aijbms-111	19	21	finance	finance	VERB
aijbms-111	19	22	a	a	DET
aijbms-111	19	23	higher	high	ADJ
aijbms-111	19	24	level	level	NOUN
aijbms-111	19	25	of	of	ADP
aijbms-111	19	26	investment	investment	NOUN
aijbms-111	19	27	,	,	PUNCT
aijbms-111	19	28	leading	lead	VERB
aijbms-111	19	29	to	to	ADP
aijbms-111	19	30	higher	high	ADJ
aijbms-111	19	31	growth	growth	NOUN
aijbms-111	19	32	gemech	gemech	NOUN
aijbms-111	19	33	and	and	CCONJ
aijbms-111	19	34	struthers	struther	NOUN
aijbms-111	19	35	,	,	PUNCT
aijbms-111	19	36	2003	2003	NUM
aijbms-111	19	37	)	)	PUNCT
aijbms-111	19	38	.	.	PUNCT
aijbms-111	20	1	financial	financial	ADJ
aijbms-111	20	2	repressive	repressive	ADJ
aijbms-111	20	3	policies	policy	NOUN
aijbms-111	20	4	such	such	ADJ
aijbms-111	20	5	as	as	ADP
aijbms-111	20	6	interest	interest	NOUN
aijbms-111	20	7	rate	rate	NOUN
aijbms-111	20	8	ceiling	ceiling	NOUN
aijbms-111	20	9	,	,	PUNCT
aijbms-111	20	10	minimum	minimum	ADJ
aijbms-111	20	11	/	/	SYM
aijbms-111	20	12	maximum	maximum	ADJ
aijbms-111	20	13	lending	lending	NOUN
aijbms-111	20	14	rates	rate	NOUN
aijbms-111	20	15	,	,	PUNCT
aijbms-111	20	16	quantity	quantity	NOUN
aijbms-111	20	17	restrictions	restriction	NOUN
aijbms-111	20	18	on	on	ADP
aijbms-111	20	19	lending	lending	NOUN
aijbms-111	20	20	,	,	PUNCT
aijbms-111	20	21	bank	bank	NOUN
aijbms-111	20	22	reserve	reserve	NOUN
aijbms-111	20	23	requirements	requirement	NOUN
aijbms-111	20	24	,	,	PUNCT
aijbms-111	20	25	capital	capital	NOUN
aijbms-111	20	26	controls	control	NOUN
aijbms-111	20	27	,	,	PUNCT
aijbms-111	20	28	interalia	interalia	PROPN
aijbms-111	20	29	,	,	PUNCT
aijbms-111	20	30	cause	cause	VERB
aijbms-111	20	31	real	real	ADJ
aijbms-111	20	32	interest	interest	NOUN
aijbms-111	20	33	rates	rate	NOUN
aijbms-111	20	34	to	to	PART
aijbms-111	20	35	be	be	AUX
aijbms-111	20	36	negative	negative	ADJ
aijbms-111	20	37	and	and	CCONJ
aijbms-111	20	38	unstable	unstable	ADJ
aijbms-111	20	39	especially	especially	ADV
aijbms-111	20	40	in	in	ADP
aijbms-111	20	41	the	the	DET
aijbms-111	20	42	presence	presence	NOUN
aijbms-111	20	43	of	of	ADP
aijbms-111	20	44	high	high	ADJ
aijbms-111	20	45	inflation	inflation	NOUN
aijbms-111	20	46	in	in	ADP
aijbms-111	20	47	an	an	DET
aijbms-111	20	48	economy	economy	NOUN
aijbms-111	20	49	.	.	PUNCT
aijbms-111	21	1	according	accord	VERB
aijbms-111	21	2	to	to	ADP
aijbms-111	21	3	their	their	PRON
aijbms-111	21	4	argument	argument	NOUN
aijbms-111	21	5	,	,	PUNCT
aijbms-111	21	6	a	a	DET
aijbms-111	21	7	repressed	repressed	ADJ
aijbms-111	21	8	financial	financial	ADJ
aijbms-111	21	9	sector	sector	NOUN
aijbms-111	21	10	discourages	discourage	VERB
aijbms-111	21	11	both	both	DET
aijbms-111	21	12	saving	save	VERB
aijbms-111	21	13	and	and	CCONJ
aijbms-111	21	14	investment	investment	NOUN
aijbms-111	21	15	because	because	SCONJ
aijbms-111	21	16	the	the	DET
aijbms-111	21	17	rates	rate	NOUN
aijbms-111	21	18	of	of	ADP
aijbms-111	21	19	return	return	NOUN
aijbms-111	21	20	are	be	AUX
aijbms-111	21	21	lower	low	ADJ
aijbms-111	21	22	than	than	ADP
aijbms-111	21	23	what	what	PRON
aijbms-111	21	24	could	could	AUX
aijbms-111	21	25	be	be	AUX
aijbms-111	21	26	obtained	obtain	VERB
aijbms-111	21	27	in	in	ADP
aijbms-111	21	28	a	a	DET
aijbms-111	21	29	competitive	competitive	ADJ
aijbms-111	21	30	market	market	NOUN
aijbms-111	21	31	.	.	PUNCT
aijbms-111	22	1	as	as	ADP
aijbms-111	22	2	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	PROPN
aijbms-111	22	3	american	american	PROPN
aijbms-111	22	4	international	international	PROPN
aijbms-111	22	5	journal	journal	PROPN
aijbms-111	22	6	of	of	ADP
aijbms-111	22	7	business	business	NOUN
aijbms-111	22	8	and	and	CCONJ
aijbms-111	22	9	management	management	NOUN
aijbms-111	22	10	studies	study	NOUN
aijbms-111	22	11	vol	vol	NOUN
aijbms-111	22	12	.	.	PROPN
aijbms-111	23	1	1	1	NUM
aijbms-111	23	2	,	,	PUNCT
aijbms-111	23	3	no	no	INTJ
aijbms-111	23	4	.	.	NOUN
aijbms-111	23	5	1	1	NUM
aijbms-111	23	6	;	;	PUNCT
aijbms-111	23	7	2019	2019	NUM
aijbms-111	23	8	21	21	NUM
aijbms-111	23	9	a	a	DET
aijbms-111	23	10	result	result	NOUN
aijbms-111	23	11	,	,	PUNCT
aijbms-111	23	12	financial	financial	ADJ
aijbms-111	23	13	intermediaries	intermediary	NOUN
aijbms-111	23	14	do	do	AUX
aijbms-111	23	15	not	not	PART
aijbms-111	23	16	function	function	VERB
aijbms-111	23	17	at	at	ADP
aijbms-111	23	18	their	their	PRON
aijbms-111	23	19	full	full	ADJ
aijbms-111	23	20	capacity	capacity	NOUN
aijbms-111	23	21	and	and	CCONJ
aijbms-111	23	22	fail	fail	VERB
aijbms-111	23	23	to	to	PART
aijbms-111	23	24	channel	channel	VERB
aijbms-111	23	25	saving	save	VERB
aijbms-111	23	26	into	into	ADP
aijbms-111	23	27	investment	investment	NOUN
aijbms-111	23	28	efficiently	efficiently	ADV
aijbms-111	23	29	,	,	PUNCT
aijbms-111	23	30	thereby	thereby	ADV
aijbms-111	23	31	hampering	hamper	VERB
aijbms-111	23	32	the	the	DET
aijbms-111	23	33	development	development	NOUN
aijbms-111	23	34	of	of	ADP
aijbms-111	23	35	the	the	DET
aijbms-111	23	36	whole	whole	ADJ
aijbms-111	23	37	economic	economic	ADJ
aijbms-111	23	38	system	system	NOUN
aijbms-111	23	39	(	(	PUNCT
aijbms-111	23	40	reinert	reinert	PROPN
aijbms-111	23	41	et	et	PROPN
aijbms-111	23	42	al	al	PROPN
aijbms-111	23	43	.	.	PROPN
aijbms-111	23	44	,	,	PUNCT
aijbms-111	23	45	2008	2008	NUM
aijbms-111	23	46	)	)	PUNCT
aijbms-111	23	47	.	.	PUNCT
aijbms-111	24	1	mckinnon	mckinnon	PROPN
aijbms-111	24	2	and	and	CCONJ
aijbms-111	24	3	shaw	shaw	PROPN
aijbms-111	24	4	proposed	propose	VERB
aijbms-111	24	5	that	that	SCONJ
aijbms-111	24	6	financial	financial	ADJ
aijbms-111	24	7	liberalization	liberalization	NOUN
aijbms-111	24	8	,	,	PUNCT
aijbms-111	24	9	which	which	PRON
aijbms-111	24	10	involves	involve	VERB
aijbms-111	24	11	the	the	DET
aijbms-111	24	12	removal	removal	NOUN
aijbms-111	24	13	or	or	CCONJ
aijbms-111	24	14	elimination	elimination	NOUN
aijbms-111	24	15	of	of	ADP
aijbms-111	24	16	restrictions	restriction	NOUN
aijbms-111	24	17	and	and	CCONJ
aijbms-111	24	18	controls	control	NOUN
aijbms-111	24	19	on	on	ADP
aijbms-111	24	20	financial	financial	ADJ
aijbms-111	24	21	markets	market	NOUN
aijbms-111	24	22	and	and	CCONJ
aijbms-111	24	23	financial	financial	ADJ
aijbms-111	24	24	institutions	institution	NOUN
aijbms-111	24	25	associated	associate	VERB
aijbms-111	24	26	with	with	ADP
aijbms-111	24	27	higher	high	ADJ
aijbms-111	24	28	real	real	ADJ
aijbms-111	24	29	interest	interest	NOUN
aijbms-111	24	30	rates	rate	NOUN
aijbms-111	24	31	would	would	AUX
aijbms-111	24	32	stimulate	stimulate	VERB
aijbms-111	24	33	saving	saving	NOUN
aijbms-111	24	34	and	and	CCONJ
aijbms-111	24	35	investment	investment	NOUN
aijbms-111	24	36	by	by	ADP
aijbms-111	24	37	reducing	reduce	VERB
aijbms-111	24	38	the	the	DET
aijbms-111	24	39	financial	financial	ADJ
aijbms-111	24	40	constraint	constraint	NOUN
aijbms-111	24	41	of	of	ADP
aijbms-111	24	42	firms	firm	NOUN
aijbms-111	24	43	and	and	CCONJ
aijbms-111	24	44	stimulate	stimulate	VERB
aijbms-111	24	45	financial	financial	ADJ
aijbms-111	24	46	intermediaries	intermediary	NOUN
aijbms-111	24	47	to	to	PART
aijbms-111	24	48	become	become	VERB
aijbms-111	24	49	more	more	ADV
aijbms-111	24	50	efficient	efficient	ADJ
aijbms-111	24	51	,	,	PUNCT
aijbms-111	24	52	these	these	PRON
aijbms-111	24	53	will	will	AUX
aijbms-111	24	54	help	help	VERB
aijbms-111	24	55	to	to	PART
aijbms-111	24	56	improve	improve	VERB
aijbms-111	24	57	the	the	DET
aijbms-111	24	58	efficiency	efficiency	NOUN
aijbms-111	24	59	of	of	ADP
aijbms-111	24	60	financial	financial	ADJ
aijbms-111	24	61	intermediation	intermediation	NOUN
aijbms-111	24	62	in	in	ADP
aijbms-111	24	63	a	a	DET
aijbms-111	24	64	country	country	NOUN
aijbms-111	24	65	,	,	PUNCT
aijbms-111	24	66	and	and	CCONJ
aijbms-111	24	67	contribute	contribute	VERB
aijbms-111	24	68	more	more	ADJ
aijbms-111	24	69	to	to	ADP
aijbms-111	24	70	private	private	ADJ
aijbms-111	24	71	sector	sector	NOUN
aijbms-111	24	72	investment	investment	NOUN
aijbms-111	24	73	thereby	thereby	ADV
aijbms-111	24	74	resulting	result	VERB
aijbms-111	24	75	in	in	ADP
aijbms-111	24	76	higher	high	ADJ
aijbms-111	24	77	economic	economic	ADJ
aijbms-111	24	78	growth	growth	NOUN
aijbms-111	24	79	rates	rate	NOUN
aijbms-111	24	80	(	(	PUNCT
aijbms-111	24	81	hermes	herme	NOUN
aijbms-111	24	82	and	and	CCONJ
aijbms-111	24	83	lensink	lensink	NOUN
aijbms-111	24	84	,	,	PUNCT
aijbms-111	24	85	2005	2005	NUM
aijbms-111	24	86	)	)	PUNCT
aijbms-111	24	87	.	.	PUNCT
aijbms-111	25	1	thus	thus	ADV
aijbms-111	25	2	in	in	ADP
aijbms-111	25	3	the	the	DET
aijbms-111	25	4	neoliberal	neoliberal	ADJ
aijbms-111	25	5	view	view	NOUN
aijbms-111	25	6	,	,	PUNCT
aijbms-111	25	7	investment	investment	NOUN
aijbms-111	25	8	is	be	AUX
aijbms-111	25	9	positively	positively	ADV
aijbms-111	25	10	related	relate	VERB
aijbms-111	25	11	to	to	ADP
aijbms-111	25	12	the	the	DET
aijbms-111	25	13	real	real	ADJ
aijbms-111	25	14	rate	rate	NOUN
aijbms-111	25	15	of	of	ADP
aijbms-111	25	16	interest	interest	NOUN
aijbms-111	25	17	.	.	PUNCT
aijbms-111	26	1	the	the	DET
aijbms-111	26	2	reason	reason	NOUN
aijbms-111	26	3	for	for	ADP
aijbms-111	26	4	this	this	PRON
aijbms-111	26	5	is	be	AUX
aijbms-111	26	6	what	what	PRON
aijbms-111	26	7	mckinnon	mckinnon	PROPN
aijbms-111	26	8	calls	call	VERB
aijbms-111	26	9	the	the	DET
aijbms-111	26	10	conduit	conduit	NOUN
aijbms-111	26	11	effect	effect	NOUN
aijbms-111	26	12	where	where	SCONJ
aijbms-111	26	13	a	a	DET
aijbms-111	26	14	rise	rise	NOUN
aijbms-111	26	15	in	in	ADP
aijbms-111	26	16	interest	interest	NOUN
aijbms-111	26	17	rates	rate	NOUN
aijbms-111	26	18	increases	increase	VERB
aijbms-111	26	19	the	the	DET
aijbms-111	26	20	volume	volume	NOUN
aijbms-111	26	21	of	of	ADP
aijbms-111	26	22	financial	financial	ADJ
aijbms-111	26	23	savings	saving	NOUN
aijbms-111	26	24	through	through	ADP
aijbms-111	26	25	financial	financial	ADJ
aijbms-111	26	26	intermediaries	intermediary	NOUN
aijbms-111	26	27	and	and	CCONJ
aijbms-111	26	28	thereby	thereby	ADV
aijbms-111	26	29	raises	raise	VERB
aijbms-111	26	30	investible	investible	ADJ
aijbms-111	26	31	funds	fund	NOUN
aijbms-111	26	32	.	.	PUNCT
aijbms-111	27	1	the	the	DET
aijbms-111	27	2	above	above	ADJ
aijbms-111	27	3	theories	theory	NOUN
aijbms-111	27	4	and	and	CCONJ
aijbms-111	27	5	analysis	analysis	NOUN
aijbms-111	27	6	on	on	ADP
aijbms-111	27	7	factors	factor	NOUN
aijbms-111	27	8	that	that	PRON
aijbms-111	27	9	determine	determine	VERB
aijbms-111	27	10	investment	investment	NOUN
aijbms-111	27	11	are	be	AUX
aijbms-111	27	12	appealing	appeal	VERB
aijbms-111	27	13	but	but	CCONJ
aijbms-111	27	14	failed	fail	VERB
aijbms-111	27	15	to	to	PART
aijbms-111	27	16	explain	explain	VERB
aijbms-111	27	17	the	the	DET
aijbms-111	27	18	case	case	NOUN
aijbms-111	27	19	of	of	ADP
aijbms-111	27	20	the	the	DET
aijbms-111	27	21	developing	develop	VERB
aijbms-111	27	22	countries	country	NOUN
aijbms-111	27	23	like	like	ADP
aijbms-111	27	24	nigeria	nigeria	PROPN
aijbms-111	27	25	.	.	PUNCT
aijbms-111	28	1	for	for	ADP
aijbms-111	28	2	instance	instance	NOUN
aijbms-111	28	3	nigerian	nigerian	PROPN
aijbms-111	28	4	business	business	NOUN
aijbms-111	28	5	environment	environment	NOUN
aijbms-111	28	6	is	be	AUX
aijbms-111	28	7	rated	rate	VERB
aijbms-111	28	8	one	one	NUM
aijbms-111	28	9	of	of	ADP
aijbms-111	28	10	the	the	DET
aijbms-111	28	11	most	most	ADV
aijbms-111	28	12	challenging	challenging	ADJ
aijbms-111	28	13	in	in	ADP
aijbms-111	28	14	the	the	DET
aijbms-111	28	15	world	world	NOUN
aijbms-111	28	16	,	,	PUNCT
aijbms-111	28	17	there	there	PRON
aijbms-111	28	18	are	be	VERB
aijbms-111	28	19	various	various	ADJ
aijbms-111	28	20	issues	issue	NOUN
aijbms-111	28	21	of	of	ADP
aijbms-111	28	22	policy	policy	NOUN
aijbms-111	28	23	conflict	conflict	NOUN
aijbms-111	28	24	and	and	CCONJ
aijbms-111	28	25	policy	policy	NOUN
aijbms-111	28	26	mismatch	mismatch	NOUN
aijbms-111	28	27	.	.	PUNCT
aijbms-111	29	1	increase	increase	NOUN
aijbms-111	29	2	in	in	ADP
aijbms-111	29	3	fiscal	fiscal	ADJ
aijbms-111	29	4	policy	policy	NOUN
aijbms-111	29	5	when	when	SCONJ
aijbms-111	29	6	there	there	PRON
aijbms-111	29	7	is	be	VERB
aijbms-111	29	8	contractionary	contractionary	ADJ
aijbms-111	29	9	monetary	monetary	ADJ
aijbms-111	29	10	policy	policy	NOUN
aijbms-111	29	11	can	can	AUX
aijbms-111	29	12	affect	affect	VERB
aijbms-111	29	13	macroeconomic	macroeconomic	ADJ
aijbms-111	29	14	variables	variable	NOUN
aijbms-111	29	15	and	and	CCONJ
aijbms-111	29	16	domestic	domestic	ADJ
aijbms-111	29	17	real	real	ADJ
aijbms-111	29	18	and	and	CCONJ
aijbms-111	29	19	portfolio	portfolio	NOUN
aijbms-111	29	20	investment	investment	NOUN
aijbms-111	29	21	.	.	PUNCT
aijbms-111	30	1	there	there	PRON
aijbms-111	30	2	are	be	VERB
aijbms-111	30	3	many	many	ADJ
aijbms-111	30	4	studies	study	NOUN
aijbms-111	30	5	on	on	ADP
aijbms-111	30	6	factors	factor	NOUN
aijbms-111	30	7	that	that	PRON
aijbms-111	30	8	determine	determine	VERB
aijbms-111	30	9	investment	investment	NOUN
aijbms-111	30	10	,	,	PUNCT
aijbms-111	30	11	some	some	PRON
aijbms-111	30	12	of	of	ADP
aijbms-111	30	13	the	the	DET
aijbms-111	30	14	studies	study	NOUN
aijbms-111	30	15	focused	focus	VERB
aijbms-111	30	16	on	on	ADP
aijbms-111	30	17	one	one	NUM
aijbms-111	30	18	type	type	NOUN
aijbms-111	30	19	of	of	ADP
aijbms-111	30	20	investment	investment	NOUN
aijbms-111	30	21	.	.	PUNCT
aijbms-111	31	1	for	for	SCONJ
aijbms-111	31	2	instance	instance	NOUN
aijbms-111	31	3	lucky	lucky	ADJ
aijbms-111	31	4	and	and	CCONJ
aijbms-111	31	5	uzah	uzah	NOUN
aijbms-111	31	6	(	(	PUNCT
aijbms-111	31	7	2016	2016	NUM
aijbms-111	31	8	)	)	PUNCT
aijbms-111	31	9	examined	examine	VERB
aijbms-111	31	10	monetary	monetary	ADJ
aijbms-111	31	11	policy	policy	NOUN
aijbms-111	31	12	transmission	transmission	NOUN
aijbms-111	31	13	mechanism	mechanism	NOUN
aijbms-111	31	14	and	and	CCONJ
aijbms-111	31	15	domestic	domestic	ADJ
aijbms-111	31	16	real	real	ADJ
aijbms-111	31	17	investment	investment	NOUN
aijbms-111	31	18	in	in	ADP
aijbms-111	31	19	nigeria	nigeria	PROPN
aijbms-111	31	20	.	.	PUNCT
aijbms-111	32	1	this	this	DET
aijbms-111	32	2	study	study	NOUN
aijbms-111	32	3	examined	examine	VERB
aijbms-111	32	4	macroeconomic	macroeconomic	ADJ
aijbms-111	32	5	factors	factor	NOUN
aijbms-111	32	6	that	that	PRON
aijbms-111	32	7	determine	determine	VERB
aijbms-111	32	8	real	real	ADJ
aijbms-111	32	9	and	and	CCONJ
aijbms-111	32	10	portfolio	portfolio	NOUN
aijbms-111	32	11	investment	investment	NOUN
aijbms-111	32	12	in	in	ADP
aijbms-111	32	13	nigeria	nigeria	PROPN
aijbms-111	32	14	.	.	PUNCT
aijbms-111	33	1	literature	literature	PROPN
aijbms-111	33	2	review	review	PROPN
aijbms-111	33	3	theory	theory	NOUN
aijbms-111	33	4	of	of	ADP
aijbms-111	33	5	investment	investment	NOUN
aijbms-111	33	6	keynesian	keynesian	ADJ
aijbms-111	33	7	theory	theory	NOUN
aijbms-111	33	8	of	of	ADP
aijbms-111	33	9	investment	investment	NOUN
aijbms-111	33	10	in	in	ADP
aijbms-111	33	11	the	the	DET
aijbms-111	33	12	general	general	ADJ
aijbms-111	33	13	theory	theory	NOUN
aijbms-111	33	14	,	,	PUNCT
aijbms-111	33	15	keynes	keynes	PROPN
aijbms-111	33	16	(	(	PUNCT
aijbms-111	33	17	1936	1936	NUM
aijbms-111	33	18	)	)	PUNCT
aijbms-111	33	19	emphasized	emphasize	VERB
aijbms-111	33	20	the	the	DET
aijbms-111	33	21	central	central	ADJ
aijbms-111	33	22	role	role	NOUN
aijbms-111	33	23	of	of	ADP
aijbms-111	33	24	investment	investment	NOUN
aijbms-111	33	25	as	as	ADP
aijbms-111	33	26	the	the	DET
aijbms-111	33	27	driving	drive	VERB
aijbms-111	33	28	force	force	NOUN
aijbms-111	33	29	of	of	ADP
aijbms-111	33	30	influencing	influence	VERB
aijbms-111	33	31	aggregate	aggregate	ADJ
aijbms-111	33	32	output	output	NOUN
aijbms-111	33	33	,	,	PUNCT
aijbms-111	33	34	employment	employment	NOUN
aijbms-111	33	35	,	,	PUNCT
aijbms-111	33	36	and	and	CCONJ
aijbms-111	33	37	short	short	ADJ
aijbms-111	33	38	run	run	NOUN
aijbms-111	33	39	fluctuations	fluctuation	NOUN
aijbms-111	33	40	in	in	ADP
aijbms-111	33	41	economic	economic	ADJ
aijbms-111	33	42	activity	activity	NOUN
aijbms-111	33	43	.	.	PUNCT
aijbms-111	34	1	the	the	DET
aijbms-111	34	2	theory	theory	NOUN
aijbms-111	34	3	emphasizes	emphasize	VERB
aijbms-111	34	4	that	that	SCONJ
aijbms-111	34	5	investment	investment	NOUN
aijbms-111	34	6	is	be	AUX
aijbms-111	34	7	the	the	DET
aijbms-111	34	8	result	result	NOUN
aijbms-111	34	9	of	of	ADP
aijbms-111	34	10	firms	firm	NOUN
aijbms-111	34	11	harmonizing	harmonize	VERB
aijbms-111	34	12	the	the	DET
aijbms-111	34	13	expected	expect	VERB
aijbms-111	34	14	return	return	NOUN
aijbms-111	34	15	on	on	ADP
aijbms-111	34	16	new	new	ADJ
aijbms-111	34	17	capital	capital	NOUN
aijbms-111	34	18	,	,	PUNCT
aijbms-111	34	19	referred	refer	VERB
aijbms-111	34	20	to	to	ADP
aijbms-111	34	21	as	as	ADP
aijbms-111	34	22	the	the	DET
aijbms-111	34	23	marginal	marginal	ADJ
aijbms-111	34	24	efficiency	efficiency	NOUN
aijbms-111	34	25	of	of	ADP
aijbms-111	34	26	capital	capital	NOUN
aijbms-111	34	27	(	(	PUNCT
aijbms-111	34	28	mec	mec	PROPN
aijbms-111	34	29	)	)	PUNCT
aijbms-111	34	30	,	,	PUNCT
aijbms-111	34	31	and	and	CCONJ
aijbms-111	34	32	with	with	ADP
aijbms-111	34	33	the	the	DET
aijbms-111	34	34	cost	cost	NOUN
aijbms-111	34	35	of	of	ADP
aijbms-111	34	36	capital	capital	NOUN
aijbms-111	34	37	,	,	PUNCT
aijbms-111	34	38	which	which	PRON
aijbms-111	34	39	depends	depend	VERB
aijbms-111	34	40	primarily	primarily	ADV
aijbms-111	34	41	on	on	ADP
aijbms-111	34	42	the	the	DET
aijbms-111	34	43	real	real	ADJ
aijbms-111	34	44	interest	interest	NOUN
aijbms-111	34	45	rate	rate	NOUN
aijbms-111	34	46	.	.	PUNCT
aijbms-111	35	1	the	the	DET
aijbms-111	35	2	theory	theory	NOUN
aijbms-111	35	3	maintains	maintain	VERB
aijbms-111	35	4	that	that	SCONJ
aijbms-111	35	5	at	at	ADP
aijbms-111	35	6	lower	low	ADJ
aijbms-111	35	7	rates	rate	NOUN
aijbms-111	35	8	of	of	ADP
aijbms-111	35	9	interest	interest	NOUN
aijbms-111	35	10	,	,	PUNCT
aijbms-111	35	11	more	more	ADJ
aijbms-111	35	12	capital	capital	NOUN
aijbms-111	35	13	projects	project	NOUN
aijbms-111	35	14	appear	appear	VERB
aijbms-111	35	15	financially	financially	ADV
aijbms-111	35	16	viable	viable	ADJ
aijbms-111	35	17	while	while	SCONJ
aijbms-111	35	18	higher	high	ADJ
aijbms-111	35	19	interest	interest	NOUN
aijbms-111	35	20	rates	rate	NOUN
aijbms-111	35	21	lead	lead	VERB
aijbms-111	35	22	to	to	ADP
aijbms-111	35	23	some	some	DET
aijbms-111	35	24	projects	project	NOUN
aijbms-111	35	25	being	be	AUX
aijbms-111	35	26	postponed	postpone	VERB
aijbms-111	35	27	or	or	CCONJ
aijbms-111	35	28	cancelled	cancel	VERB
aijbms-111	35	29	since	since	SCONJ
aijbms-111	35	30	the	the	DET
aijbms-111	35	31	cost	cost	NOUN
aijbms-111	35	32	of	of	ADP
aijbms-111	35	33	borrowing	borrowing	NOUN
aijbms-111	35	34	to	to	PART
aijbms-111	35	35	finance	finance	NOUN
aijbms-111	35	36	investment	investment	NOUN
aijbms-111	35	37	become	become	VERB
aijbms-111	35	38	higher	high	ADJ
aijbms-111	35	39	.	.	PUNCT
aijbms-111	36	1	to	to	ADP
aijbms-111	36	2	the	the	DET
aijbms-111	36	3	keynes	keyne	NOUN
aijbms-111	36	4	since	since	SCONJ
aijbms-111	36	5	investment	investment	NOUN
aijbms-111	36	6	is	be	AUX
aijbms-111	36	7	volatile	volatile	ADJ
aijbms-111	36	8	and	and	CCONJ
aijbms-111	36	9	dependent	dependent	ADJ
aijbms-111	36	10	on	on	ADP
aijbms-111	36	11	firms	firm	NOUN
aijbms-111	36	12	’	’	PART
aijbms-111	36	13	expectations	expectation	NOUN
aijbms-111	36	14	of	of	ADP
aijbms-111	36	15	the	the	DET
aijbms-111	36	16	profitability	profitability	NOUN
aijbms-111	36	17	of	of	ADP
aijbms-111	36	18	investment	investment	NOUN
aijbms-111	36	19	,	,	PUNCT
aijbms-111	36	20	so	so	ADV
aijbms-111	36	21	long	long	ADV
aijbms-111	36	22	as	as	SCONJ
aijbms-111	36	23	the	the	DET
aijbms-111	36	24	expected	expect	VERB
aijbms-111	36	25	yield	yield	NOUN
aijbms-111	36	26	on	on	ADP
aijbms-111	36	27	their	their	PRON
aijbms-111	36	28	investment	investment	NOUN
aijbms-111	36	29	exceeds	exceed	VERB
aijbms-111	36	30	the	the	DET
aijbms-111	36	31	real	real	ADJ
aijbms-111	36	32	interest	interest	NOUN
aijbms-111	36	33	rate	rate	NOUN
aijbms-111	36	34	,	,	PUNCT
aijbms-111	36	35	new	new	ADJ
aijbms-111	36	36	investment	investment	NOUN
aijbms-111	36	37	will	will	AUX
aijbms-111	36	38	take	take	VERB
aijbms-111	36	39	place	place	NOUN
aijbms-111	36	40	.	.	PUNCT
aijbms-111	37	1	keynes	keynes	PROPN
aijbms-111	37	2	rejected	reject	VERB
aijbms-111	37	3	the	the	DET
aijbms-111	37	4	notion	notion	NOUN
aijbms-111	37	5	that	that	SCONJ
aijbms-111	37	6	investment	investment	NOUN
aijbms-111	37	7	was	be	AUX
aijbms-111	37	8	based	base	VERB
aijbms-111	37	9	exclusively	exclusively	ADV
aijbms-111	37	10	on	on	ADP
aijbms-111	37	11	technological	technological	ADJ
aijbms-111	37	12	conditions	condition	NOUN
aijbms-111	37	13	of	of	ADP
aijbms-111	37	14	capital	capital	NOUN
aijbms-111	37	15	productivity	productivity	NOUN
aijbms-111	37	16	,	,	PUNCT
aijbms-111	37	17	but	but	CCONJ
aijbms-111	37	18	emphasized	emphasize	VERB
aijbms-111	37	19	monetary	monetary	ADJ
aijbms-111	37	20	factors	factor	NOUN
aijbms-111	37	21	and	and	CCONJ
aijbms-111	37	22	finance	finance	NOUN
aijbms-111	37	23	and	and	CCONJ
aijbms-111	37	24	uncertainty	uncertainty	NOUN
aijbms-111	37	25	as	as	ADP
aijbms-111	37	26	the	the	DET
aijbms-111	37	27	basic	basic	ADJ
aijbms-111	37	28	determinants	determinant	NOUN
aijbms-111	37	29	of	of	ADP
aijbms-111	37	30	investment	investment	NOUN
aijbms-111	37	31	(	(	PUNCT
aijbms-111	37	32	fazzari	fazzari	PROPN
aijbms-111	37	33	,	,	PUNCT
aijbms-111	37	34	1989	1989	NUM
aijbms-111	37	35	)	)	PUNCT
aijbms-111	37	36	.	.	PUNCT
aijbms-111	38	1	the	the	DET
aijbms-111	38	2	rigid	rigid	ADJ
aijbms-111	38	3	accelerator	accelerator	NOUN
aijbms-111	38	4	theory	theory	NOUN
aijbms-111	38	5	the	the	DET
aijbms-111	38	6	simplest	simple	ADJ
aijbms-111	38	7	theory	theory	NOUN
aijbms-111	38	8	of	of	ADP
aijbms-111	38	9	investment	investment	NOUN
aijbms-111	38	10	demand	demand	NOUN
aijbms-111	38	11	is	be	AUX
aijbms-111	38	12	the	the	DET
aijbms-111	38	13	rigid	rigid	ADJ
aijbms-111	38	14	accelerator	accelerator	NOUN
aijbms-111	38	15	model	model	NOUN
aijbms-111	38	16	formulated	formulate	VERB
aijbms-111	38	17	by	by	ADP
aijbms-111	38	18	clark	clark	NOUN
aijbms-111	38	19	(	(	PUNCT
aijbms-111	38	20	1917	1917	NUM
aijbms-111	38	21	)	)	PUNCT
aijbms-111	38	22	.	.	PUNCT
aijbms-111	39	1	in	in	ADP
aijbms-111	39	2	its	its	PRON
aijbms-111	39	3	simplest	simple	ADJ
aijbms-111	39	4	form	form	NOUN
aijbms-111	39	5	,	,	PUNCT
aijbms-111	39	6	the	the	DET
aijbms-111	39	7	rigid	rigid	ADJ
aijbms-111	39	8	accelerator	accelerator	NOUN
aijbms-111	39	9	theory	theory	NOUN
aijbms-111	39	10	of	of	ADP
aijbms-111	39	11	investment	investment	NOUN
aijbms-111	39	12	states	state	NOUN
aijbms-111	39	13	that	that	SCONJ
aijbms-111	39	14	investment	investment	NOUN
aijbms-111	39	15	is	be	AUX
aijbms-111	39	16	proportional	proportional	ADJ
aijbms-111	39	17	to	to	ADP
aijbms-111	39	18	the	the	DET
aijbms-111	39	19	increase	increase	NOUN
aijbms-111	39	20	in	in	ADP
aijbms-111	39	21	output	output	NOUN
aijbms-111	39	22	which	which	PRON
aijbms-111	39	23	is	be	AUX
aijbms-111	39	24	proxy	proxy	VERB
aijbms-111	39	25	by	by	ADP
aijbms-111	39	26	changes	change	NOUN
aijbms-111	39	27	in	in	ADP
aijbms-111	39	28	demand	demand	NOUN
aijbms-111	39	29	in	in	ADP
aijbms-111	39	30	the	the	DET
aijbms-111	39	31	coming	come	VERB
aijbms-111	39	32	period	period	NOUN
aijbms-111	39	33	.	.	PUNCT
aijbms-111	40	1	thus	thus	ADV
aijbms-111	40	2	,	,	PUNCT
aijbms-111	40	3	the	the	DET
aijbms-111	40	4	accelerator	accelerator	NOUN
aijbms-111	40	5	model	model	NOUN
aijbms-111	40	6	relates	relate	VERB
aijbms-111	40	7	investment	investment	NOUN
aijbms-111	40	8	to	to	ADP
aijbms-111	40	9	changes	change	NOUN
aijbms-111	40	10	in	in	ADP
aijbms-111	40	11	demand	demand	NOUN
aijbms-111	40	12	and	and	CCONJ
aijbms-111	40	13	proposes	propose	VERB
aijbms-111	40	14	that	that	SCONJ
aijbms-111	40	15	an	an	DET
aijbms-111	40	16	increase	increase	NOUN
aijbms-111	40	17	in	in	ADP
aijbms-111	40	18	a	a	DET
aijbms-111	40	19	firms	firm	NOUN
aijbms-111	40	20	output	output	NOUN
aijbms-111	40	21	will	will	AUX
aijbms-111	40	22	require	require	VERB
aijbms-111	40	23	a	a	DET
aijbms-111	40	24	proportionate	proportionate	ADJ
aijbms-111	40	25	increase	increase	NOUN
aijbms-111	40	26	in	in	ADP
aijbms-111	40	27	its	its	PRON
aijbms-111	40	28	stock	stock	NOUN
aijbms-111	40	29	of	of	ADP
aijbms-111	40	30	capital	capital	NOUN
aijbms-111	40	31	.	.	PUNCT
aijbms-111	41	1	the	the	DET
aijbms-111	41	2	theory	theory	NOUN
aijbms-111	41	3	basically	basically	ADV
aijbms-111	41	4	assumes	assume	VERB
aijbms-111	41	5	that	that	SCONJ
aijbms-111	41	6	firms‟	firms‟	NOUN
aijbms-111	41	7	desired	desire	VERB
aijbms-111	41	8	capital	capital	NOUN
aijbms-111	41	9	-	-	PUNCT
aijbms-111	41	10	output	output	NOUN
aijbms-111	41	11	ratio	ratio	NOUN
aijbms-111	41	12	is	be	AUX
aijbms-111	41	13	roughly	roughly	ADV
aijbms-111	41	14	constant	constant	ADJ
aijbms-111	41	15	and	and	CCONJ
aijbms-111	41	16	net	net	ADJ
aijbms-111	41	17	investment	investment	NOUN
aijbms-111	41	18	takes	take	VERB
aijbms-111	41	19	place	place	NOUN
aijbms-111	41	20	when	when	SCONJ
aijbms-111	41	21	output	output	NOUN
aijbms-111	41	22	is	be	AUX
aijbms-111	41	23	expected	expect	VERB
aijbms-111	41	24	to	to	PART
aijbms-111	41	25	increase	increase	VERB
aijbms-111	41	26	.	.	PUNCT
aijbms-111	42	1	in	in	ADP
aijbms-111	42	2	effect	effect	NOUN
aijbms-111	42	3	,	,	PUNCT
aijbms-111	42	4	the	the	DET
aijbms-111	42	5	theory	theory	NOUN
aijbms-111	42	6	implies	imply	VERB
aijbms-111	42	7	that	that	SCONJ
aijbms-111	42	8	the	the	DET
aijbms-111	42	9	level	level	NOUN
aijbms-111	42	10	of	of	ADP
aijbms-111	42	11	output	output	NOUN
aijbms-111	42	12	or	or	CCONJ
aijbms-111	42	13	the	the	DET
aijbms-111	42	14	changes	change	NOUN
aijbms-111	42	15	in	in	ADP
aijbms-111	42	16	aggregate	aggregate	ADJ
aijbms-111	42	17	demand	demand	NOUN
aijbms-111	42	18	determines	determine	VERB
aijbms-111	42	19	investment	investment	NOUN
aijbms-111	42	20	or	or	CCONJ
aijbms-111	42	21	the	the	DET
aijbms-111	42	22	change	change	NOUN
aijbms-111	42	23	in	in	ADP
aijbms-111	42	24	capital	capital	NOUN
aijbms-111	42	25	stock	stock	NOUN
aijbms-111	42	26	.	.	PUNCT
aijbms-111	43	1	mathematically	mathematically	ADV
aijbms-111	43	2	,	,	PUNCT
aijbms-111	43	3	this	this	DET
aijbms-111	43	4	proposition	proposition	NOUN
aijbms-111	43	5	of	of	ADP
aijbms-111	43	6	the	the	DET
aijbms-111	43	7	theory	theory	NOUN
aijbms-111	43	8	is	be	AUX
aijbms-111	43	9	expressed	express	VERB
aijbms-111	43	10	as	as	ADP
aijbms-111	43	11	kt	kt	PROPN
aijbms-111	43	12	*	*	PROPN
aijbms-111	43	13	=	=	SYM
aijbms-111	43	14	σy	σy	NOUN
aijbms-111	43	15	,	,	PUNCT
aijbms-111	43	16	where	where	SCONJ
aijbms-111	43	17	σ	σ	PROPN
aijbms-111	43	18	is	be	AUX
aijbms-111	43	19	the	the	DET
aijbms-111	43	20	desired	desire	VERB
aijbms-111	43	21	capital	capital	NOUN
aijbms-111	43	22	-	-	PUNCT
aijbms-111	43	23	output	output	NOUN
aijbms-111	43	24	ratio	ratio	NOUN
aijbms-111	43	25	which	which	PRON
aijbms-111	43	26	is	be	AUX
aijbms-111	43	27	assumed	assume	VERB
aijbms-111	43	28	to	to	PART
aijbms-111	43	29	be	be	AUX
aijbms-111	43	30	constant	constant	ADJ
aijbms-111	43	31	,	,	PUNCT
aijbms-111	43	32	kt	kt	PROPN
aijbms-111	43	33	*	*	PROPN
aijbms-111	43	34	is	be	AUX
aijbms-111	43	35	the	the	DET
aijbms-111	43	36	desired	desire	VERB
aijbms-111	43	37	capital	capital	NOUN
aijbms-111	43	38	stock	stock	NOUN
aijbms-111	43	39	in	in	ADP
aijbms-111	43	40	period	period	NOUN
aijbms-111	43	41	t	t	PROPN
aijbms-111	43	42	,	,	PUNCT
aijbms-111	43	43	and	and	CCONJ
aijbms-111	43	44	yt	yt	PROPN
aijbms-111	43	45	is	be	AUX
aijbms-111	43	46	the	the	DET
aijbms-111	43	47	level	level	NOUN
aijbms-111	43	48	of	of	ADP
aijbms-111	43	49	output	output	NOUN
aijbms-111	43	50	in	in	ADP
aijbms-111	43	51	the	the	DET
aijbms-111	43	52	same	same	ADJ
aijbms-111	43	53	period	period	NOUN
aijbms-111	43	54	.	.	PUNCT
aijbms-111	44	1	the	the	DET
aijbms-111	44	2	mckinnon	mckinnon	PROPN
aijbms-111	44	3	-	-	PROPN
aijbms-111	44	4	shaw	shaw	PROPN
aijbms-111	44	5	hypothesis	hypothesis	NOUN
aijbms-111	44	6	the	the	DET
aijbms-111	44	7	neoliberal	neoliberal	ADJ
aijbms-111	44	8	view	view	NOUN
aijbms-111	44	9	by	by	ADP
aijbms-111	44	10	emphasizes	emphasize	VERB
aijbms-111	44	11	the	the	DET
aijbms-111	44	12	importance	importance	NOUN
aijbms-111	44	13	of	of	ADP
aijbms-111	44	14	financial	financial	ADJ
aijbms-111	44	15	deepening	deepening	NOUN
aijbms-111	44	16	and	and	CCONJ
aijbms-111	44	17	high	high	ADJ
aijbms-111	44	18	interest	interest	NOUN
aijbms-111	44	19	rates	rate	NOUN
aijbms-111	44	20	in	in	ADP
aijbms-111	44	21	stimulating	stimulate	VERB
aijbms-111	44	22	growth	growth	NOUN
aijbms-111	44	23	through	through	ADP
aijbms-111	44	24	investment	investment	NOUN
aijbms-111	44	25	.	.	PUNCT
aijbms-111	45	1	according	accord	VERB
aijbms-111	45	2	the	the	DET
aijbms-111	45	3	work	work	NOUN
aijbms-111	45	4	of	of	ADP
aijbms-111	45	5	mckinnon	mckinnon	PROPN
aijbms-111	45	6	and	and	CCONJ
aijbms-111	45	7	shaw	shaw	PROPN
aijbms-111	45	8	(	(	PUNCT
aijbms-111	45	9	1973	1973	NUM
aijbms-111	45	10	)	)	PUNCT
aijbms-111	45	11	,	,	PUNCT
aijbms-111	45	12	which	which	PRON
aijbms-111	45	13	offered	offer	VERB
aijbms-111	45	14	a	a	DET
aijbms-111	45	15	theoretical	theoretical	ADJ
aijbms-111	45	16	and	and	CCONJ
aijbms-111	45	17	empirical	empirical	ADJ
aijbms-111	45	18	foundation	foundation	NOUN
aijbms-111	45	19	for	for	ADP
aijbms-111	45	20	the	the	DET
aijbms-111	45	21	relationship	relationship	NOUN
aijbms-111	45	22	between	between	ADP
aijbms-111	45	23	financial	financial	ADJ
aijbms-111	45	24	factors	factor	NOUN
aijbms-111	45	25	and	and	CCONJ
aijbms-111	45	26	investment	investment	NOUN
aijbms-111	45	27	in	in	ADP
aijbms-111	45	28	developing	develop	VERB
aijbms-111	45	29	countries	country	NOUN
aijbms-111	45	30	,	,	PUNCT
aijbms-111	45	31	developing	develop	VERB
aijbms-111	45	32	countries	country	NOUN
aijbms-111	45	33	suffer	suffer	VERB
aijbms-111	45	34	from	from	ADP
aijbms-111	45	35	financial	financial	ADJ
aijbms-111	45	36	repression	repression	NOUN
aijbms-111	45	37	and	and	CCONJ
aijbms-111	45	38	that	that	SCONJ
aijbms-111	45	39	their	their	PRON
aijbms-111	45	40	liberation	liberation	NOUN
aijbms-111	45	41	from	from	ADP
aijbms-111	45	42	these	these	DET
aijbms-111	45	43	repressive	repressive	ADJ
aijbms-111	45	44	conditions	condition	NOUN
aijbms-111	45	45	,	,	PUNCT
aijbms-111	45	46	investment	investment	NOUN
aijbms-111	45	47	,	,	PUNCT
aijbms-111	45	48	savings	saving	NOUN
aijbms-111	45	49	and	and	CCONJ
aijbms-111	45	50	growth	growth	NOUN
aijbms-111	45	51	would	would	AUX
aijbms-111	45	52	be	be	AUX
aijbms-111	45	53	induced	induce	VERB
aijbms-111	45	54	to	to	PART
aijbms-111	45	55	increase	increase	VERB
aijbms-111	45	56	.	.	PUNCT
aijbms-111	46	1	the	the	DET
aijbms-111	46	2	important	important	ADJ
aijbms-111	46	3	assumption	assumption	NOUN
aijbms-111	46	4	of	of	ADP
aijbms-111	46	5	the	the	DET
aijbms-111	46	6	model	model	NOUN
aijbms-111	46	7	is	be	AUX
aijbms-111	46	8	that	that	SCONJ
aijbms-111	46	9	saving	saving	NOUN
aijbms-111	46	10	is	be	AUX
aijbms-111	46	11	responsive	responsive	ADJ
aijbms-111	46	12	to	to	ADP
aijbms-111	46	13	interest	interest	NOUN
aijbms-111	46	14	rates	rate	NOUN
aijbms-111	46	15	,	,	PUNCT
aijbms-111	46	16	thus	thus	ADV
aijbms-111	46	17	a	a	DET
aijbms-111	46	18	higher	high	ADJ
aijbms-111	46	19	saving	saving	NOUN
aijbms-111	46	20	rates	rate	NOUN
aijbms-111	46	21	would	would	AUX
aijbms-111	46	22	finance	finance	VERB
aijbms-111	46	23	a	a	DET
aijbms-111	46	24	higher	high	ADJ
aijbms-111	46	25	level	level	NOUN
aijbms-111	46	26	of	of	ADP
aijbms-111	46	27	investment	investment	NOUN
aijbms-111	46	28	,	,	PUNCT
aijbms-111	46	29	leading	lead	VERB
aijbms-111	46	30	to	to	ADP
aijbms-111	46	31	higher	high	ADJ
aijbms-111	46	32	growth	growth	NOUN
aijbms-111	46	33	(	(	PUNCT
aijbms-111	46	34	gemech	gemech	NOUN
aijbms-111	46	35	and	and	CCONJ
aijbms-111	46	36	struthers	struther	NOUN
aijbms-111	46	37	,	,	PUNCT
aijbms-111	46	38	2003	2003	NUM
aijbms-111	46	39	)	)	PUNCT
aijbms-111	46	40	.	.	PUNCT
aijbms-111	47	1	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	PROPN
aijbms-111	47	2	american	american	PROPN
aijbms-111	47	3	international	international	PROPN
aijbms-111	47	4	journal	journal	PROPN
aijbms-111	47	5	of	of	ADP
aijbms-111	47	6	business	business	NOUN
aijbms-111	47	7	and	and	CCONJ
aijbms-111	47	8	management	management	NOUN
aijbms-111	47	9	studies	study	NOUN
aijbms-111	47	10	vol	vol	NOUN
aijbms-111	47	11	.	.	PROPN
aijbms-111	48	1	1	1	NUM
aijbms-111	48	2	,	,	PUNCT
aijbms-111	48	3	no	no	INTJ
aijbms-111	48	4	.	.	NOUN
aijbms-111	48	5	1	1	NUM
aijbms-111	48	6	;	;	PUNCT
aijbms-111	48	7	2019	2019	NUM
aijbms-111	48	8	22	22	NUM
aijbms-111	48	9	according	accord	VERB
aijbms-111	48	10	to	to	ADP
aijbms-111	48	11	their	their	PRON
aijbms-111	48	12	argument	argument	NOUN
aijbms-111	48	13	,	,	PUNCT
aijbms-111	48	14	a	a	DET
aijbms-111	48	15	repressed	repressed	ADJ
aijbms-111	48	16	financial	financial	ADJ
aijbms-111	48	17	sector	sector	NOUN
aijbms-111	48	18	discourages	discourage	VERB
aijbms-111	48	19	both	both	DET
aijbms-111	48	20	saving	save	VERB
aijbms-111	48	21	and	and	CCONJ
aijbms-111	48	22	investment	investment	NOUN
aijbms-111	48	23	because	because	SCONJ
aijbms-111	48	24	the	the	DET
aijbms-111	48	25	rates	rate	NOUN
aijbms-111	48	26	of	of	ADP
aijbms-111	48	27	return	return	NOUN
aijbms-111	48	28	are	be	AUX
aijbms-111	48	29	lower	low	ADJ
aijbms-111	48	30	than	than	ADP
aijbms-111	48	31	what	what	PRON
aijbms-111	48	32	could	could	AUX
aijbms-111	48	33	be	be	AUX
aijbms-111	48	34	obtained	obtain	VERB
aijbms-111	48	35	in	in	ADP
aijbms-111	48	36	competitive	competitive	ADJ
aijbms-111	48	37	market	market	NOUN
aijbms-111	48	38	.	.	PUNCT
aijbms-111	49	1	as	as	ADP
aijbms-111	49	2	a	a	DET
aijbms-111	49	3	result	result	NOUN
aijbms-111	49	4	,	,	PUNCT
aijbms-111	49	5	financial	financial	ADJ
aijbms-111	49	6	intermediaries	intermediary	NOUN
aijbms-111	49	7	do	do	AUX
aijbms-111	49	8	not	not	PART
aijbms-111	49	9	function	function	VERB
aijbms-111	49	10	at	at	ADP
aijbms-111	49	11	their	their	PRON
aijbms-111	49	12	full	full	ADJ
aijbms-111	49	13	capacity	capacity	NOUN
aijbms-111	49	14	and	and	CCONJ
aijbms-111	49	15	fail	fail	VERB
aijbms-111	49	16	to	to	PART
aijbms-111	49	17	channel	channel	VERB
aijbms-111	49	18	saving	save	VERB
aijbms-111	49	19	into	into	ADP
aijbms-111	49	20	investment	investment	NOUN
aijbms-111	49	21	efficiently	efficiently	ADV
aijbms-111	49	22	,	,	PUNCT
aijbms-111	49	23	thereby	thereby	ADV
aijbms-111	49	24	hampering	hamper	VERB
aijbms-111	49	25	the	the	DET
aijbms-111	49	26	development	development	NOUN
aijbms-111	49	27	of	of	ADP
aijbms-111	49	28	the	the	DET
aijbms-111	49	29	whole	whole	ADJ
aijbms-111	49	30	economic	economic	ADJ
aijbms-111	49	31	system	system	NOUN
aijbms-111	49	32	(	(	PUNCT
aijbms-111	49	33	reinert	reinert	PROPN
aijbms-111	49	34	et	et	PROPN
aijbms-111	49	35	al	al	PROPN
aijbms-111	49	36	.	.	PROPN
aijbms-111	49	37	,	,	PUNCT
aijbms-111	49	38	2008	2008	NUM
aijbms-111	49	39	)	)	PUNCT
aijbms-111	49	40	.	.	PUNCT
aijbms-111	50	1	empirical	empirical	ADJ
aijbms-111	50	2	review	review	NOUN
aijbms-111	50	3	yamori	yamori	NOUN
aijbms-111	50	4	(	(	PUNCT
aijbms-111	50	5	1995	1995	NUM
aijbms-111	50	6	)	)	PUNCT
aijbms-111	50	7	using	use	VERB
aijbms-111	50	8	instrumental	instrumental	ADJ
aijbms-111	50	9	variable	variable	ADJ
aijbms-111	50	10	technique	technique	NOUN
aijbms-111	50	11	from	from	ADP
aijbms-111	50	12	the	the	DET
aijbms-111	50	13	period	period	NOUN
aijbms-111	50	14	1975	1975	NUM
aijbms-111	50	15	-	-	SYM
aijbms-111	50	16	1988	1988	NUM
aijbms-111	50	17	;	;	PUNCT
aijbms-111	50	18	delke	delke	NOUN
aijbms-111	50	19	(	(	PUNCT
aijbms-111	50	20	1996	1996	NUM
aijbms-111	50	21	)	)	PUNCT
aijbms-111	50	22	reported	report	VERB
aijbms-111	50	23	results	result	NOUN
aijbms-111	50	24	consistent	consistent	ADJ
aijbms-111	50	25	with	with	ADP
aijbms-111	50	26	the	the	DET
aijbms-111	50	27	hypothesis	hypothesis	NOUN
aijbms-111	50	28	of	of	ADP
aijbms-111	50	29	feldstein	feldstein	NOUN
aijbms-111	50	30	-	-	PUNCT
aijbms-111	50	31	horioka	horioka	NOUN
aijbms-111	50	32	for	for	ADP
aijbms-111	50	33	japanese	japanese	ADJ
aijbms-111	50	34	data	datum	NOUN
aijbms-111	50	35	.	.	PUNCT
aijbms-111	51	1	similarly	similarly	ADV
aijbms-111	51	2	,	,	PUNCT
aijbms-111	51	3	palley	palley	NOUN
aijbms-111	51	4	(	(	PUNCT
aijbms-111	51	5	1996	1996	NUM
aijbms-111	51	6	)	)	PUNCT
aijbms-111	51	7	tested	test	VERB
aijbms-111	51	8	the	the	DET
aijbms-111	51	9	causal	causal	ADJ
aijbms-111	51	10	relationship	relationship	NOUN
aijbms-111	51	11	between	between	ADP
aijbms-111	51	12	saving	saving	NOUN
aijbms-111	51	13	and	and	CCONJ
aijbms-111	51	14	investment	investment	NOUN
aijbms-111	51	15	over	over	ADP
aijbms-111	51	16	the	the	DET
aijbms-111	51	17	sample	sample	NOUN
aijbms-111	51	18	period	period	NOUN
aijbms-111	51	19	1973	1973	NUM
aijbms-111	51	20	-	-	SYM
aijbms-111	51	21	1995	1995	NUM
aijbms-111	51	22	using	use	VERB
aijbms-111	51	23	granger	granger	PROPN
aijbms-111	51	24	causality	causality	PROPN
aijbms-111	51	25	test	test	NOUN
aijbms-111	51	26	for	for	ADP
aijbms-111	51	27	united	united	PROPN
aijbms-111	51	28	state	state	PROPN
aijbms-111	51	29	.	.	PUNCT
aijbms-111	52	1	the	the	DET
aijbms-111	52	2	results	result	NOUN
aijbms-111	52	3	showed	show	VERB
aijbms-111	52	4	that	that	SCONJ
aijbms-111	52	5	investment	investment	NOUN
aijbms-111	52	6	has	have	VERB
aijbms-111	52	7	a	a	DET
aijbms-111	52	8	negative	negative	ADJ
aijbms-111	52	9	effect	effect	NOUN
aijbms-111	52	10	on	on	ADP
aijbms-111	52	11	personal	personal	ADJ
aijbms-111	52	12	saving	saving	NOUN
aijbms-111	52	13	and	and	CCONJ
aijbms-111	52	14	independent	independent	ADJ
aijbms-111	52	15	of	of	ADP
aijbms-111	52	16	government	government	NOUN
aijbms-111	52	17	saving	saving	NOUN
aijbms-111	52	18	.	.	PUNCT
aijbms-111	53	1	also	also	ADV
aijbms-111	53	2	,	,	PUNCT
aijbms-111	53	3	personal	personal	ADJ
aijbms-111	53	4	saving	saving	NOUN
aijbms-111	53	5	negatively	negatively	ADV
aijbms-111	53	6	affects	affect	VERB
aijbms-111	53	7	government	government	NOUN
aijbms-111	53	8	saving	saving	NOUN
aijbms-111	53	9	,	,	PUNCT
aijbms-111	53	10	thereby	thereby	ADV
aijbms-111	53	11	concurring	concur	VERB
aijbms-111	53	12	with	with	ADP
aijbms-111	53	13	the	the	DET
aijbms-111	53	14	keynesian	keynesian	ADJ
aijbms-111	53	15	paradox	paradox	NOUN
aijbms-111	53	16	of	of	ADP
aijbms-111	53	17	thrift	thrift	NOUN
aijbms-111	53	18	thereby	thereby	ADV
aijbms-111	53	19	disputing	dispute	VERB
aijbms-111	53	20	f	f	PROPN
aijbms-111	53	21	-	-	PUNCT
aijbms-111	53	22	h	h	NOUN
aijbms-111	53	23	puzzle	puzzle	NOUN
aijbms-111	53	24	.	.	PUNCT
aijbms-111	54	1	ozmen	ozman	NOUN
aijbms-111	54	2	and	and	CCONJ
aijbms-111	54	3	parmaksiz	parmaksiz	PROPN
aijbms-111	54	4	(	(	PUNCT
aijbms-111	54	5	2003	2003	NUM
aijbms-111	54	6	)	)	PUNCT
aijbms-111	54	7	used	use	VERB
aijbms-111	54	8	johansen	johansen	PROPN
aijbms-111	54	9	cointegration	cointegration	NOUN
aijbms-111	54	10	technique	technique	NOUN
aijbms-111	54	11	and	and	CCONJ
aijbms-111	54	12	engle	engle	PROPN
aijbms-111	54	13	and	and	CCONJ
aijbms-111	54	14	granger	granger	PROPN
aijbms-111	54	15	two	two	NUM
aijbms-111	54	16	-	-	PUNCT
aijbms-111	54	17	step	step	NOUN
aijbms-111	54	18	residual	residual	ADJ
aijbms-111	54	19	-	-	PUNCT
aijbms-111	54	20	based	base	VERB
aijbms-111	54	21	approach	approach	NOUN
aijbms-111	54	22	to	to	ADP
aijbms-111	54	23	cointegration	cointegration	NOUN
aijbms-111	54	24	to	to	PART
aijbms-111	54	25	test	test	VERB
aijbms-111	54	26	for	for	ADP
aijbms-111	54	27	the	the	DET
aijbms-111	54	28	feldstein	feldstein	NOUN
aijbms-111	54	29	-	-	PUNCT
aijbms-111	54	30	horioka	horioka	NOUN
aijbms-111	54	31	puzzle	puzzle	NOUN
aijbms-111	54	32	for	for	ADP
aijbms-111	54	33	uk	uk	PROPN
aijbms-111	54	34	economy	economy	NOUN
aijbms-111	54	35	in	in	ADP
aijbms-111	54	36	the	the	DET
aijbms-111	54	37	period	period	NOUN
aijbms-111	54	38	1948	1948	NUM
aijbms-111	54	39	-	-	SYM
aijbms-111	54	40	1998	1998	NUM
aijbms-111	54	41	.	.	PUNCT
aijbms-111	55	1	the	the	DET
aijbms-111	55	2	authors	author	NOUN
aijbms-111	55	3	concluded	conclude	VERB
aijbms-111	55	4	that	that	SCONJ
aijbms-111	55	5	there	there	PRON
aijbms-111	55	6	exist	exist	VERB
aijbms-111	55	7	a	a	DET
aijbms-111	55	8	long	long	ADJ
aijbms-111	55	9	run	run	NOUN
aijbms-111	55	10	relationship	relationship	NOUN
aijbms-111	55	11	between	between	ADP
aijbms-111	55	12	saving	saving	NOUN
aijbms-111	55	13	and	and	CCONJ
aijbms-111	55	14	investment	investment	NOUN
aijbms-111	55	15	,	,	PUNCT
aijbms-111	55	16	thereby	thereby	ADV
aijbms-111	55	17	lending	lend	VERB
aijbms-111	55	18	support	support	NOUN
aijbms-111	55	19	to	to	ADP
aijbms-111	55	20	the	the	DET
aijbms-111	55	21	feldstein	feldstein	NOUN
aijbms-111	55	22	-	-	PUNCT
aijbms-111	55	23	horioka	horioka	NOUN
aijbms-111	55	24	puzzle	puzzle	NOUN
aijbms-111	55	25	.	.	PUNCT
aijbms-111	56	1	payne	payne	PROPN
aijbms-111	56	2	(	(	PUNCT
aijbms-111	56	3	2005	2005	NUM
aijbms-111	56	4	)	)	PUNCT
aijbms-111	56	5	employed	employ	VERB
aijbms-111	56	6	engle	engle	PROPN
aijbms-111	56	7	-	-	PUNCT
aijbms-111	56	8	granger	granger	PROPN
aijbms-111	56	9	and	and	CCONJ
aijbms-111	56	10	error	error	NOUN
aijbms-111	56	11	correction	correction	NOUN
aijbms-111	56	12	model	model	NOUN
aijbms-111	56	13	(	(	PUNCT
aijbms-111	56	14	ecm	ecm	PROPN
aijbms-111	56	15	)	)	PUNCT
aijbms-111	56	16	to	to	PART
aijbms-111	56	17	study	study	VERB
aijbms-111	56	18	the	the	DET
aijbms-111	56	19	relationship	relationship	NOUN
aijbms-111	56	20	between	between	ADP
aijbms-111	56	21	saving	saving	NOUN
aijbms-111	56	22	and	and	CCONJ
aijbms-111	56	23	investment	investment	NOUN
aijbms-111	56	24	in	in	ADP
aijbms-111	56	25	mexico	mexico	PROPN
aijbms-111	56	26	over	over	ADP
aijbms-111	56	27	the	the	DET
aijbms-111	56	28	period	period	NOUN
aijbms-111	56	29	1960	1960	NUM
aijbms-111	56	30	-	-	SYM
aijbms-111	56	31	2002	2002	NUM
aijbms-111	56	32	.	.	PUNCT
aijbms-111	57	1	the	the	DET
aijbms-111	57	2	results	result	NOUN
aijbms-111	57	3	showed	show	VERB
aijbms-111	57	4	that	that	SCONJ
aijbms-111	57	5	savings	saving	NOUN
aijbms-111	57	6	and	and	CCONJ
aijbms-111	57	7	investment	investment	NOUN
aijbms-111	57	8	are	be	AUX
aijbms-111	57	9	cointegrated	cointegrate	VERB
aijbms-111	57	10	,	,	PUNCT
aijbms-111	57	11	thereby	thereby	ADV
aijbms-111	57	12	indicating	indicate	VERB
aijbms-111	57	13	low	low	ADJ
aijbms-111	57	14	capital	capital	NOUN
aijbms-111	57	15	mobility	mobility	NOUN
aijbms-111	57	16	in	in	ADP
aijbms-111	57	17	accordance	accordance	NOUN
aijbms-111	57	18	with	with	ADP
aijbms-111	57	19	f	f	PROPN
aijbms-111	57	20	-	-	PUNCT
aijbms-111	57	21	h	h	NOUN
aijbms-111	57	22	hypothesis	hypothesis	NOUN
aijbms-111	57	23	.	.	PUNCT
aijbms-111	58	1	however	however	ADV
aijbms-111	58	2	,	,	PUNCT
aijbms-111	58	3	the	the	DET
aijbms-111	58	4	coefficient	coefficient	NOUN
aijbms-111	58	5	of	of	ADP
aijbms-111	58	6	error	error	NOUN
aijbms-111	58	7	correction	correction	NOUN
aijbms-111	58	8	model	model	NOUN
aijbms-111	58	9	is	be	AUX
aijbms-111	58	10	positive	positive	ADJ
aijbms-111	58	11	and	and	CCONJ
aijbms-111	58	12	statistically	statistically	ADV
aijbms-111	58	13	significant	significant	ADJ
aijbms-111	58	14	with	with	ADP
aijbms-111	58	15	a	a	DET
aijbms-111	58	16	binding	bind	VERB
aijbms-111	58	17	intertemporal	intertemporal	ADJ
aijbms-111	58	18	budget	budget	NOUN
aijbms-111	58	19	constraint	constraint	NOUN
aijbms-111	58	20	and	and	CCONJ
aijbms-111	58	21	an	an	DET
aijbms-111	58	22	adjustment	adjustment	NOUN
aijbms-111	58	23	parameter	parameter	NOUN
aijbms-111	58	24	of	of	ADP
aijbms-111	58	25	0.242	0.242	NUM
aijbms-111	58	26	.	.	PUNCT
aijbms-111	59	1	narayan	narayan	PROPN
aijbms-111	59	2	(	(	PUNCT
aijbms-111	59	3	2005	2005	NUM
aijbms-111	59	4	)	)	PUNCT
aijbms-111	59	5	studied	study	VERB
aijbms-111	59	6	the	the	DET
aijbms-111	59	7	relationship	relationship	NOUN
aijbms-111	59	8	between	between	ADP
aijbms-111	59	9	investment	investment	NOUN
aijbms-111	59	10	and	and	CCONJ
aijbms-111	59	11	saving	save	VERB
aijbms-111	59	12	for	for	ADP
aijbms-111	59	13	the	the	DET
aijbms-111	59	14	period	period	NOUN
aijbms-111	59	15	1960	1960	NUM
aijbms-111	59	16	-	-	SYM
aijbms-111	59	17	1999	1999	NUM
aijbms-111	59	18	by	by	ADP
aijbms-111	59	19	applying	apply	VERB
aijbms-111	59	20	autoregressive	autoregressive	ADJ
aijbms-111	59	21	distributed	distribute	VERB
aijbms-111	59	22	lag	lag	NOUN
aijbms-111	59	23	(	(	PUNCT
aijbms-111	59	24	ardl	ardl	NOUN
aijbms-111	59	25	)	)	PUNCT
aijbms-111	59	26	model	model	NOUN
aijbms-111	59	27	and	and	CCONJ
aijbms-111	59	28	granger	granger	PROPN
aijbms-111	59	29	causality	causality	PROPN
aijbms-111	59	30	test	test	NOUN
aijbms-111	59	31	for	for	ADP
aijbms-111	59	32	japan	japan	PROPN
aijbms-111	59	33	.	.	PUNCT
aijbms-111	60	1	the	the	DET
aijbms-111	60	2	author	author	NOUN
aijbms-111	60	3	found	find	VERB
aijbms-111	60	4	long	long	ADJ
aijbms-111	60	5	run	run	NOUN
aijbms-111	60	6	relationship	relationship	NOUN
aijbms-111	60	7	between	between	ADP
aijbms-111	60	8	saving	saving	NOUN
aijbms-111	60	9	and	and	CCONJ
aijbms-111	60	10	investment	investment	NOUN
aijbms-111	60	11	which	which	PRON
aijbms-111	60	12	suggest	suggest	VERB
aijbms-111	60	13	that	that	SCONJ
aijbms-111	60	14	there	there	PRON
aijbms-111	60	15	must	must	AUX
aijbms-111	60	16	be	be	AUX
aijbms-111	60	17	granger	granger	PROPN
aijbms-111	60	18	causality	causality	NOUN
aijbms-111	60	19	in	in	ADP
aijbms-111	60	20	at	at	ADV
aijbms-111	60	21	least	least	ADV
aijbms-111	60	22	one	one	NUM
aijbms-111	60	23	direction	direction	NOUN
aijbms-111	60	24	.	.	PUNCT
aijbms-111	61	1	therefore	therefore	ADV
aijbms-111	61	2	,	,	PUNCT
aijbms-111	61	3	the	the	DET
aijbms-111	61	4	granger	granger	PROPN
aijbms-111	61	5	causality	causality	PROPN
aijbms-111	61	6	test	test	NOUN
aijbms-111	61	7	results	result	NOUN
aijbms-111	61	8	suggest	suggest	VERB
aijbms-111	61	9	bidirectional	bidirectional	ADJ
aijbms-111	61	10	causality	causality	NOUN
aijbms-111	61	11	relationship	relationship	NOUN
aijbms-111	61	12	between	between	ADP
aijbms-111	61	13	saving	saving	NOUN
aijbms-111	61	14	and	and	CCONJ
aijbms-111	61	15	investment	investment	NOUN
aijbms-111	61	16	.	.	PUNCT
aijbms-111	62	1	thus	thus	ADV
aijbms-111	62	2	,	,	PUNCT
aijbms-111	62	3	lending	lend	VERB
aijbms-111	62	4	support	support	NOUN
aijbms-111	62	5	to	to	ADP
aijbms-111	62	6	feldstein	feldstein	NOUN
aijbms-111	62	7	and	and	CCONJ
aijbms-111	62	8	horioka	horioka	NOUN
aijbms-111	62	9	(	(	PUNCT
aijbms-111	62	10	1980	1980	NUM
aijbms-111	62	11	)	)	PUNCT
aijbms-111	62	12	hypothesis	hypothesis	NOUN
aijbms-111	62	13	.	.	PUNCT
aijbms-111	63	1	singh	singh	PROPN
aijbms-111	63	2	(	(	PUNCT
aijbms-111	63	3	2008	2008	NUM
aijbms-111	63	4	)	)	PUNCT
aijbms-111	63	5	examined	examine	VERB
aijbms-111	63	6	the	the	DET
aijbms-111	63	7	long	long	ADJ
aijbms-111	63	8	run	run	NOUN
aijbms-111	63	9	relationship	relationship	NOUN
aijbms-111	63	10	between	between	ADP
aijbms-111	63	11	saving	saving	NOUN
aijbms-111	63	12	and	and	CCONJ
aijbms-111	63	13	investment	investment	NOUN
aijbms-111	63	14	to	to	PART
aijbms-111	63	15	determine	determine	VERB
aijbms-111	63	16	the	the	DET
aijbms-111	63	17	degree	degree	NOUN
aijbms-111	63	18	of	of	ADP
aijbms-111	63	19	capital	capital	NOUN
aijbms-111	63	20	mobility	mobility	NOUN
aijbms-111	63	21	using	use	VERB
aijbms-111	63	22	two	two	NUM
aijbms-111	63	23	-	-	PUNCT
aijbms-111	63	24	step	step	NOUN
aijbms-111	63	25	residual	residual	ADJ
aijbms-111	63	26	-	-	PUNCT
aijbms-111	63	27	based	base	VERB
aijbms-111	63	28	test	test	NOUN
aijbms-111	63	29	,	,	PUNCT
aijbms-111	63	30	autoregressive	autoregressive	ADJ
aijbms-111	63	31	distributed	distribute	VERB
aijbms-111	63	32	lag	lag	NOUN
aijbms-111	63	33	(	(	PUNCT
aijbms-111	63	34	ardl	ardl	NOUN
aijbms-111	63	35	)	)	PUNCT
aijbms-111	63	36	model	model	NOUN
aijbms-111	63	37	and	and	CCONJ
aijbms-111	63	38	granger	granger	PROPN
aijbms-111	63	39	causality	causality	PROPN
aijbms-111	63	40	test	test	NOUN
aijbms-111	63	41	from	from	ADP
aijbms-111	63	42	the	the	DET
aijbms-111	63	43	period	period	NOUN
aijbms-111	63	44	1950	1950	NUM
aijbms-111	63	45	-	-	SYM
aijbms-111	63	46	51	51	NUM
aijbms-111	63	47	to	to	ADP
aijbms-111	63	48	2001	2001	NUM
aijbms-111	63	49	-	-	SYM
aijbms-111	63	50	02	02	NUM
aijbms-111	63	51	.	.	PUNCT
aijbms-111	64	1	the	the	DET
aijbms-111	64	2	results	result	NOUN
aijbms-111	64	3	revealed	reveal	VERB
aijbms-111	64	4	long	long	ADJ
aijbms-111	64	5	run	run	NOUN
aijbms-111	64	6	relationship	relationship	NOUN
aijbms-111	64	7	between	between	ADP
aijbms-111	64	8	saving	saving	NOUN
aijbms-111	64	9	and	and	CCONJ
aijbms-111	64	10	investment	investment	NOUN
aijbms-111	64	11	in	in	ADP
aijbms-111	64	12	india	india	PROPN
aijbms-111	64	13	,	,	PUNCT
aijbms-111	64	14	supporting	support	VERB
aijbms-111	64	15	the	the	DET
aijbms-111	64	16	feldstein	feldstein	NOUN
aijbms-111	64	17	-	-	PUNCT
aijbms-111	64	18	horioka	horioka	NOUN
aijbms-111	64	19	hypothesis	hypothesis	NOUN
aijbms-111	64	20	.	.	PUNCT
aijbms-111	65	1	mishra	mishra	PROPN
aijbms-111	65	2	et	et	PROPN
aijbms-111	65	3	al	al	PROPN
aijbms-111	65	4	.	.	PROPN
aijbms-111	66	1	(	(	PUNCT
aijbms-111	66	2	2010	2010	NUM
aijbms-111	66	3	)	)	PUNCT
aijbms-111	66	4	studied	study	VERB
aijbms-111	66	5	the	the	DET
aijbms-111	66	6	dynamic	dynamic	ADJ
aijbms-111	66	7	relationship	relationship	NOUN
aijbms-111	66	8	between	between	ADP
aijbms-111	66	9	savings	saving	NOUN
aijbms-111	66	10	and	and	CCONJ
aijbms-111	66	11	investment	investment	NOUN
aijbms-111	66	12	in	in	ADP
aijbms-111	66	13	india	india	PROPN
aijbms-111	66	14	for	for	ADP
aijbms-111	66	15	the	the	DET
aijbms-111	66	16	period	period	NOUN
aijbms-111	66	17	195051	195051	NUM
aijbms-111	66	18	to	to	ADP
aijbms-111	66	19	2008	2008	NUM
aijbms-111	66	20	-	-	SYM
aijbms-111	66	21	09	09	NUM
aijbms-111	66	22	by	by	ADP
aijbms-111	66	23	employing	employ	VERB
aijbms-111	66	24	johansen	johansen	PROPN
aijbms-111	66	25	cointegration	cointegration	NOUN
aijbms-111	66	26	technique	technique	NOUN
aijbms-111	66	27	and	and	CCONJ
aijbms-111	66	28	granger	granger	PROPN
aijbms-111	66	29	causality	causality	PROPN
aijbms-111	66	30	test	test	NOUN
aijbms-111	66	31	via	via	ADP
aijbms-111	66	32	vector	vector	NOUN
aijbms-111	66	33	autoregressive	autoregressive	ADJ
aijbms-111	66	34	framework	framework	NOUN
aijbms-111	66	35	.	.	PUNCT
aijbms-111	67	1	the	the	DET
aijbms-111	67	2	authors	author	NOUN
aijbms-111	67	3	found	find	VERB
aijbms-111	67	4	the	the	DET
aijbms-111	67	5	presence	presence	NOUN
aijbms-111	67	6	of	of	ADP
aijbms-111	67	7	long	long	ADJ
aijbms-111	67	8	run	run	NOUN
aijbms-111	67	9	equilibrium	equilibrium	NOUN
aijbms-111	67	10	relationship	relationship	NOUN
aijbms-111	67	11	between	between	ADP
aijbms-111	67	12	saving	saving	NOUN
aijbms-111	67	13	and	and	CCONJ
aijbms-111	67	14	investment	investment	NOUN
aijbms-111	67	15	in	in	ADP
aijbms-111	67	16	india	india	PROPN
aijbms-111	67	17	.	.	PUNCT
aijbms-111	68	1	the	the	DET
aijbms-111	68	2	granger	granger	PROPN
aijbms-111	68	3	causality	causality	PROPN
aijbms-111	68	4	test	test	NOUN
aijbms-111	68	5	revealed	reveal	VERB
aijbms-111	68	6	directional	directional	ADJ
aijbms-111	68	7	causal	causal	ADJ
aijbms-111	68	8	relationship	relationship	NOUN
aijbms-111	68	9	between	between	ADP
aijbms-111	68	10	the	the	DET
aijbms-111	68	11	variables	variable	NOUN
aijbms-111	68	12	under	under	ADP
aijbms-111	68	13	study	study	NOUN
aijbms-111	68	14	.	.	PUNCT
aijbms-111	69	1	seth	seth	PROPN
aijbms-111	69	2	(	(	PUNCT
aijbms-111	69	3	2011	2011	NUM
aijbms-111	69	4	)	)	PUNCT
aijbms-111	69	5	applied	apply	VERB
aijbms-111	69	6	engle	engle	PROPN
aijbms-111	69	7	-	-	PUNCT
aijbms-111	69	8	granger	granger	PROPN
aijbms-111	69	9	and	and	CCONJ
aijbms-111	69	10	error	error	NOUN
aijbms-111	69	11	correction	correction	NOUN
aijbms-111	69	12	model	model	NOUN
aijbms-111	69	13	(	(	PUNCT
aijbms-111	69	14	ecm	ecm	NOUN
aijbms-111	69	15	)	)	PUNCT
aijbms-111	69	16	to	to	PART
aijbms-111	69	17	investigate	investigate	VERB
aijbms-111	69	18	the	the	DET
aijbms-111	69	19	long	long	ADJ
aijbms-111	69	20	run	run	NOUN
aijbms-111	69	21	relationship	relationship	NOUN
aijbms-111	69	22	between	between	ADP
aijbms-111	69	23	saving	saving	NOUN
aijbms-111	69	24	and	and	CCONJ
aijbms-111	69	25	investment	investment	NOUN
aijbms-111	69	26	for	for	ADP
aijbms-111	69	27	india	india	PROPN
aijbms-111	69	28	from	from	ADP
aijbms-111	69	29	the	the	DET
aijbms-111	69	30	period	period	NOUN
aijbms-111	69	31	1980	1980	NUM
aijbms-111	69	32	-	-	SYM
aijbms-111	69	33	2008	2008	NUM
aijbms-111	69	34	.	.	PUNCT
aijbms-111	70	1	the	the	DET
aijbms-111	70	2	results	result	NOUN
aijbms-111	70	3	showed	show	VERB
aijbms-111	70	4	long	long	ADJ
aijbms-111	70	5	run	run	NOUN
aijbms-111	70	6	relationship	relationship	NOUN
aijbms-111	70	7	between	between	ADP
aijbms-111	70	8	savings	saving	NOUN
aijbms-111	70	9	and	and	CCONJ
aijbms-111	70	10	investment	investment	NOUN
aijbms-111	70	11	.	.	PUNCT
aijbms-111	71	1	the	the	DET
aijbms-111	71	2	results	result	NOUN
aijbms-111	71	3	also	also	ADV
aijbms-111	71	4	revealed	reveal	VERB
aijbms-111	71	5	long	long	ADV
aijbms-111	71	6	run	run	NOUN
aijbms-111	71	7	equilibrium	equilibrium	NOUN
aijbms-111	71	8	relationship	relationship	NOUN
aijbms-111	71	9	between	between	ADP
aijbms-111	71	10	corporate	corporate	ADJ
aijbms-111	71	11	savings	saving	NOUN
aijbms-111	71	12	and	and	CCONJ
aijbms-111	71	13	corporate	corporate	ADJ
aijbms-111	71	14	investment	investment	NOUN
aijbms-111	71	15	.	.	PUNCT
aijbms-111	72	1	the	the	DET
aijbms-111	72	2	former	former	ADJ
aijbms-111	72	3	supports	support	VERB
aijbms-111	72	4	low	low	ADJ
aijbms-111	72	5	capital	capital	NOUN
aijbms-111	72	6	mobility	mobility	NOUN
aijbms-111	72	7	into	into	ADP
aijbms-111	72	8	india	india	PROPN
aijbms-111	72	9	,	,	PUNCT
aijbms-111	72	10	whereas	whereas	SCONJ
aijbms-111	72	11	the	the	DET
aijbms-111	72	12	latter	latter	NOUN
aijbms-111	72	13	revealed	reveal	VERB
aijbms-111	72	14	that	that	SCONJ
aijbms-111	72	15	corporate	corporate	ADJ
aijbms-111	72	16	sectors	sector	NOUN
aijbms-111	72	17	dependency	dependency	NOUN
aijbms-111	72	18	on	on	ADP
aijbms-111	72	19	their	their	PRON
aijbms-111	72	20	fund	fund	NOUN
aijbms-111	72	21	for	for	ADP
aijbms-111	72	22	investment	investment	NOUN
aijbms-111	72	23	.	.	PUNCT
aijbms-111	73	1	tang	tang	NOUN
aijbms-111	73	2	and	and	CCONJ
aijbms-111	73	3	lean	lean	ADJ
aijbms-111	73	4	(	(	PUNCT
aijbms-111	73	5	2008	2008	NUM
aijbms-111	73	6	)	)	PUNCT
aijbms-111	73	7	applied	apply	VERB
aijbms-111	73	8	rolling	roll	VERB
aijbms-111	73	9	windows	window	NOUN
aijbms-111	73	10	bounds	bound	NOUN
aijbms-111	73	11	test	test	VERB
aijbms-111	73	12	to	to	PART
aijbms-111	73	13	empirically	empirically	ADV
aijbms-111	73	14	investigate	investigate	VERB
aijbms-111	73	15	the	the	DET
aijbms-111	73	16	relationship	relationship	NOUN
aijbms-111	73	17	between	between	ADP
aijbms-111	73	18	savings	saving	NOUN
aijbms-111	73	19	and	and	CCONJ
aijbms-111	73	20	investment	investment	NOUN
aijbms-111	73	21	over	over	ADP
aijbms-111	73	22	the	the	DET
aijbms-111	73	23	period	period	NOUN
aijbms-111	73	24	1960	1960	NUM
aijbms-111	73	25	-	-	SYM
aijbms-111	73	26	2007	2007	NUM
aijbms-111	73	27	for	for	ADP
aijbms-111	73	28	malaysia	malaysia	PROPN
aijbms-111	73	29	.	.	PUNCT
aijbms-111	74	1	the	the	DET
aijbms-111	74	2	study	study	NOUN
aijbms-111	74	3	showed	show	VERB
aijbms-111	74	4	that	that	SCONJ
aijbms-111	74	5	savings	saving	NOUN
aijbms-111	74	6	and	and	CCONJ
aijbms-111	74	7	investment	investment	NOUN
aijbms-111	74	8	are	be	AUX
aijbms-111	74	9	not	not	PART
aijbms-111	74	10	cointegrated	cointegrate	VERB
aijbms-111	74	11	implying	imply	VERB
aijbms-111	74	12	that	that	SCONJ
aijbms-111	74	13	capital	capital	NOUN
aijbms-111	74	14	is	be	AUX
aijbms-111	74	15	internationally	internationally	ADV
aijbms-111	74	16	mobile	mobile	ADJ
aijbms-111	74	17	over	over	ADP
aijbms-111	74	18	the	the	DET
aijbms-111	74	19	same	same	ADJ
aijbms-111	74	20	period	period	NOUN
aijbms-111	74	21	.	.	PUNCT
aijbms-111	75	1	shahbaz	shahbaz	PROPN
aijbms-111	75	2	et	et	PROPN
aijbms-111	75	3	al	al	PROPN
aijbms-111	75	4	.	.	PROPN
aijbms-111	76	1	(	(	PUNCT
aijbms-111	76	2	2010	2010	NUM
aijbms-111	76	3	)	)	PUNCT
aijbms-111	76	4	analyzed	analyze	VERB
aijbms-111	76	5	savings	saving	NOUN
aijbms-111	76	6	and	and	CCONJ
aijbms-111	76	7	investment	investment	NOUN
aijbms-111	76	8	correlation	correlation	NOUN
aijbms-111	76	9	through	through	ADP
aijbms-111	76	10	the	the	DET
aijbms-111	76	11	application	application	NOUN
aijbms-111	76	12	of	of	ADP
aijbms-111	76	13	autoregressive	autoregressive	ADJ
aijbms-111	76	14	distributed	distribute	VERB
aijbms-111	76	15	lag	lag	NOUN
aijbms-111	76	16	(	(	PUNCT
aijbms-111	76	17	ardl	ardl	NOUN
aijbms-111	76	18	)	)	PUNCT
aijbms-111	76	19	bounds	bound	NOUN
aijbms-111	76	20	testing	test	VERB
aijbms-111	76	21	for	for	ADP
aijbms-111	76	22	cointegration	cointegration	NOUN
aijbms-111	76	23	through	through	ADP
aijbms-111	76	24	error	error	NOUN
aijbms-111	76	25	correction	correction	NOUN
aijbms-111	76	26	model	model	NOUN
aijbms-111	76	27	(	(	PUNCT
aijbms-111	76	28	ecm	ecm	PROPN
aijbms-111	76	29	)	)	PUNCT
aijbms-111	76	30	for	for	ADP
aijbms-111	76	31	pakistan	pakistan	PROPN
aijbms-111	76	32	from	from	ADP
aijbms-111	76	33	period1976	period1976	PROPN
aijbms-111	76	34	-	-	PUNCT
aijbms-111	76	35	2006	2006	NUM
aijbms-111	76	36	.	.	PUNCT
aijbms-111	77	1	the	the	DET
aijbms-111	77	2	authors	author	NOUN
aijbms-111	77	3	reported	report	VERB
aijbms-111	77	4	long	long	ADJ
aijbms-111	77	5	run	run	NOUN
aijbms-111	77	6	relationship	relationship	NOUN
aijbms-111	77	7	among	among	ADP
aijbms-111	77	8	savings	saving	NOUN
aijbms-111	77	9	,	,	PUNCT
aijbms-111	77	10	domestic	domestic	ADJ
aijbms-111	77	11	investment	investment	NOUN
aijbms-111	77	12	,	,	PUNCT
aijbms-111	77	13	inflation	inflation	NOUN
aijbms-111	77	14	,	,	PUNCT
aijbms-111	77	15	real	real	ADJ
aijbms-111	77	16	exchange	exchange	NOUN
aijbms-111	77	17	rate	rate	NOUN
aijbms-111	77	18	,	,	PUNCT
aijbms-111	77	19	and	and	CCONJ
aijbms-111	77	20	financial	financial	ADJ
aijbms-111	77	21	development	development	NOUN
aijbms-111	77	22	which	which	PRON
aijbms-111	77	23	invariably	invariably	ADV
aijbms-111	77	24	indicate	indicate	VERB
aijbms-111	77	25	inadequate	inadequate	ADJ
aijbms-111	77	26	capital	capital	NOUN
aijbms-111	77	27	mobility	mobility	NOUN
aijbms-111	77	28	in	in	ADP
aijbms-111	77	29	the	the	DET
aijbms-111	77	30	country	country	NOUN
aijbms-111	77	31	.	.	PUNCT
aijbms-111	78	1	adebola	adebola	PROPN
aijbms-111	78	2	and	and	CCONJ
aijbms-111	78	3	dahalan	dahalan	NOUN
aijbms-111	78	4	(	(	PUNCT
aijbms-111	78	5	2012	2012	NUM
aijbms-111	78	6	)	)	PUNCT
aijbms-111	78	7	investigated	investigate	VERB
aijbms-111	78	8	the	the	DET
aijbms-111	78	9	relationship	relationship	NOUN
aijbms-111	78	10	between	between	ADP
aijbms-111	78	11	savings	saving	NOUN
aijbms-111	78	12	and	and	CCONJ
aijbms-111	78	13	investment	investment	NOUN
aijbms-111	78	14	nexus	nexus	NOUN
aijbms-111	78	15	for	for	ADP
aijbms-111	78	16	tunisia	tunisia	NOUN
aijbms-111	78	17	from	from	ADP
aijbms-111	78	18	the	the	DET
aijbms-111	78	19	period	period	NOUN
aijbms-111	78	20	1970	1970	NUM
aijbms-111	78	21	-	-	SYM
aijbms-111	78	22	2009	2009	NUM
aijbms-111	78	23	by	by	ADP
aijbms-111	78	24	employing	employ	VERB
aijbms-111	78	25	autoregressive	autoregressive	ADJ
aijbms-111	78	26	distributed	distribute	VERB
aijbms-111	78	27	lag	lag	NOUN
aijbms-111	78	28	(	(	PUNCT
aijbms-111	78	29	ardl	ardl	NOUN
aijbms-111	78	30	)	)	PUNCT
aijbms-111	78	31	model	model	NOUN
aijbms-111	78	32	and	and	CCONJ
aijbms-111	78	33	granger	granger	PROPN
aijbms-111	78	34	causality	causality	PROPN
aijbms-111	78	35	test	test	NOUN
aijbms-111	78	36	.	.	PUNCT
aijbms-111	79	1	the	the	DET
aijbms-111	79	2	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	NOUN
aijbms-111	79	3	american	american	PROPN
aijbms-111	79	4	international	international	PROPN
aijbms-111	79	5	journal	journal	PROPN
aijbms-111	79	6	of	of	ADP
aijbms-111	79	7	business	business	NOUN
aijbms-111	79	8	and	and	CCONJ
aijbms-111	79	9	management	management	NOUN
aijbms-111	79	10	studies	study	NOUN
aijbms-111	79	11	vol	vol	NOUN
aijbms-111	79	12	.	.	PROPN
aijbms-111	79	13	1	1	NUM
aijbms-111	79	14	,	,	PUNCT
aijbms-111	79	15	no	no	INTJ
aijbms-111	79	16	.	.	NOUN
aijbms-111	79	17	1	1	NUM
aijbms-111	79	18	;	;	PUNCT
aijbms-111	79	19	2019	2019	NUM
aijbms-111	79	20	23	23	NUM
aijbms-111	79	21	authors	author	NOUN
aijbms-111	79	22	found	find	VERB
aijbms-111	79	23	the	the	DET
aijbms-111	79	24	existence	existence	NOUN
aijbms-111	79	25	of	of	ADP
aijbms-111	79	26	long	long	ADJ
aijbms-111	79	27	run	run	NOUN
aijbms-111	79	28	relationship	relationship	NOUN
aijbms-111	79	29	when	when	SCONJ
aijbms-111	79	30	investment	investment	NOUN
aijbms-111	79	31	is	be	AUX
aijbms-111	79	32	taken	take	VERB
aijbms-111	79	33	as	as	ADP
aijbms-111	79	34	dependent	dependent	ADJ
aijbms-111	79	35	variable	variable	NOUN
aijbms-111	79	36	.	.	PUNCT
aijbms-111	80	1	the	the	DET
aijbms-111	80	2	results	result	NOUN
aijbms-111	80	3	of	of	ADP
aijbms-111	80	4	granger	granger	PROPN
aijbms-111	80	5	causality	causality	PROPN
aijbms-111	80	6	test	test	NOUN
aijbms-111	80	7	revealed	reveal	VERB
aijbms-111	80	8	two	two	NUM
aijbms-111	80	9	-	-	PUNCT
aijbms-111	80	10	way	way	NOUN
aijbms-111	80	11	relationship	relationship	NOUN
aijbms-111	80	12	justifying	justify	VERB
aijbms-111	80	13	the	the	DET
aijbms-111	80	14	low	low	ADJ
aijbms-111	80	15	capital	capital	NOUN
aijbms-111	80	16	mobility	mobility	NOUN
aijbms-111	80	17	as	as	SCONJ
aijbms-111	80	18	suggested	suggest	VERB
aijbms-111	80	19	by	by	ADP
aijbms-111	80	20	fh	fh	PROPN
aijbms-111	80	21	hypothesis	hypothesis	NOUN
aijbms-111	80	22	.	.	PUNCT
aijbms-111	81	1	empirical	empirical	ADJ
aijbms-111	81	2	studies	study	NOUN
aijbms-111	81	3	also	also	ADV
aijbms-111	81	4	emerged	emerge	VERB
aijbms-111	81	5	from	from	ADP
aijbms-111	81	6	a	a	DET
aijbms-111	81	7	panel	panel	NOUN
aijbms-111	81	8	of	of	ADP
aijbms-111	81	9	oecd	oecd	PROPN
aijbms-111	81	10	countries	country	NOUN
aijbms-111	81	11	.	.	PUNCT
aijbms-111	82	1	krol	krol	PROPN
aijbms-111	82	2	(	(	PUNCT
aijbms-111	82	3	1996	1996	NUM
aijbms-111	82	4	)	)	PUNCT
aijbms-111	82	5	examined	examine	VERB
aijbms-111	82	6	the	the	DET
aijbms-111	82	7	relationship	relationship	NOUN
aijbms-111	82	8	between	between	ADP
aijbms-111	82	9	saving	saving	NOUN
aijbms-111	82	10	and	and	CCONJ
aijbms-111	82	11	investment	investment	NOUN
aijbms-111	82	12	using	use	VERB
aijbms-111	82	13	data	datum	NOUN
aijbms-111	82	14	for	for	ADP
aijbms-111	82	15	21	21	NUM
aijbms-111	82	16	oecd	oecd	PROPN
aijbms-111	82	17	countries	country	NOUN
aijbms-111	82	18	covering	cover	VERB
aijbms-111	82	19	the	the	DET
aijbms-111	82	20	period	period	NOUN
aijbms-111	82	21	1962	1962	NUM
aijbms-111	82	22	-	-	SYM
aijbms-111	82	23	1990	1990	NUM
aijbms-111	82	24	by	by	ADP
aijbms-111	82	25	employing	employ	VERB
aijbms-111	82	26	fixed	fix	VERB
aijbms-111	82	27	effects	effect	NOUN
aijbms-111	82	28	estimates	estimate	NOUN
aijbms-111	82	29	.	.	PUNCT
aijbms-111	83	1	the	the	DET
aijbms-111	83	2	results	result	NOUN
aijbms-111	83	3	reject	reject	VERB
aijbms-111	83	4	the	the	DET
aijbms-111	83	5	idea	idea	NOUN
aijbms-111	83	6	that	that	SCONJ
aijbms-111	83	7	capital	capital	NOUN
aijbms-111	83	8	is	be	AUX
aijbms-111	83	9	highly	highly	ADV
aijbms-111	83	10	mobile	mobile	ADJ
aijbms-111	83	11	internationally	internationally	ADV
aijbms-111	83	12	.	.	PUNCT
aijbms-111	84	1	jansen	jansen	PROPN
aijbms-111	84	2	(	(	PUNCT
aijbms-111	84	3	1996	1996	NUM
aijbms-111	84	4	)	)	PUNCT
aijbms-111	84	5	re	re	VERB
aijbms-111	84	6	-	-	VERB
aijbms-111	84	7	examined	examine	VERB
aijbms-111	84	8	the	the	DET
aijbms-111	84	9	relationship	relationship	NOUN
aijbms-111	84	10	between	between	ADP
aijbms-111	84	11	savings	saving	NOUN
aijbms-111	84	12	and	and	CCONJ
aijbms-111	84	13	investment	investment	NOUN
aijbms-111	84	14	for	for	ADP
aijbms-111	84	15	23	23	NUM
aijbms-111	84	16	oecd	oecd	PROPN
aijbms-111	84	17	countries	country	NOUN
aijbms-111	84	18	spanning	span	VERB
aijbms-111	84	19	the	the	DET
aijbms-111	84	20	period	period	NOUN
aijbms-111	84	21	1951	1951	NUM
aijbms-111	84	22	-	-	SYM
aijbms-111	84	23	1991	1991	NUM
aijbms-111	84	24	using	use	VERB
aijbms-111	84	25	error	error	NOUN
aijbms-111	84	26	correction	correction	NOUN
aijbms-111	84	27	model	model	NOUN
aijbms-111	84	28	(	(	PUNCT
aijbms-111	84	29	ecm	ecm	PROPN
aijbms-111	84	30	)	)	PUNCT
aijbms-111	84	31	.	.	PUNCT
aijbms-111	85	1	the	the	DET
aijbms-111	85	2	author	author	NOUN
aijbms-111	85	3	revealed	reveal	VERB
aijbms-111	85	4	evidence	evidence	NOUN
aijbms-111	85	5	of	of	ADP
aijbms-111	85	6	cointegration	cointegration	NOUN
aijbms-111	85	7	between	between	ADP
aijbms-111	85	8	saving	saving	NOUN
aijbms-111	85	9	and	and	CCONJ
aijbms-111	85	10	investment	investment	NOUN
aijbms-111	85	11	which	which	PRON
aijbms-111	85	12	invariably	invariably	ADV
aijbms-111	85	13	indicating	indicate	VERB
aijbms-111	85	14	an	an	DET
aijbms-111	85	15	in	in	ADP
aijbms-111	85	16	capital	capital	NOUN
aijbms-111	85	17	mobility	mobility	NOUN
aijbms-111	85	18	within	within	ADP
aijbms-111	85	19	the	the	DET
aijbms-111	85	20	oecd	oecd	PROPN
aijbms-111	85	21	.	.	PUNCT
aijbms-111	86	1	another	another	DET
aijbms-111	86	2	study	study	NOUN
aijbms-111	86	3	by	by	ADP
aijbms-111	86	4	hussein	hussein	PROPN
aijbms-111	86	5	(	(	PUNCT
aijbms-111	86	6	1998	1998	NUM
aijbms-111	86	7	)	)	PUNCT
aijbms-111	86	8	for	for	ADP
aijbms-111	86	9	23	23	NUM
aijbms-111	86	10	oecd	oecd	PROPN
aijbms-111	86	11	countries	country	NOUN
aijbms-111	86	12	over	over	ADP
aijbms-111	86	13	the	the	DET
aijbms-111	86	14	period	period	NOUN
aijbms-111	86	15	1960	1960	NUM
aijbms-111	86	16	-	-	SYM
aijbms-111	86	17	1993	1993	NUM
aijbms-111	86	18	to	to	PART
aijbms-111	86	19	test	test	VERB
aijbms-111	86	20	the	the	DET
aijbms-111	86	21	feldstein	feldstein	NOUN
aijbms-111	86	22	-	-	PUNCT
aijbms-111	86	23	horioka	horioka	NOUN
aijbms-111	86	24	hypothesis	hypothesis	NOUN
aijbms-111	86	25	by	by	ADP
aijbms-111	86	26	applying	apply	VERB
aijbms-111	86	27	dynamic	dynamic	ADJ
aijbms-111	86	28	ordinary	ordinary	ADJ
aijbms-111	86	29	least	least	ADJ
aijbms-111	86	30	square	square	ADJ
aijbms-111	86	31	(	(	PUNCT
aijbms-111	86	32	dols	dol	NOUN
aijbms-111	86	33	)	)	PUNCT
aijbms-111	86	34	.	.	PUNCT
aijbms-111	87	1	the	the	DET
aijbms-111	87	2	results	result	NOUN
aijbms-111	87	3	revealed	reveal	VERB
aijbms-111	87	4	that	that	SCONJ
aijbms-111	87	5	international	international	ADJ
aijbms-111	87	6	capital	capital	NOUN
aijbms-111	87	7	mobility	mobility	NOUN
aijbms-111	87	8	in	in	ADP
aijbms-111	87	9	18	18	NUM
aijbms-111	87	10	out	out	ADV
aijbms-111	87	11	23	23	NUM
aijbms-111	87	12	is	be	AUX
aijbms-111	87	13	very	very	ADV
aijbms-111	87	14	low	low	ADJ
aijbms-111	87	15	,	,	PUNCT
aijbms-111	87	16	while	while	SCONJ
aijbms-111	87	17	the	the	DET
aijbms-111	87	18	results	result	NOUN
aijbms-111	87	19	suggest	suggest	VERB
aijbms-111	87	20	a	a	DET
aijbms-111	87	21	moderate	moderate	ADJ
aijbms-111	87	22	change	change	NOUN
aijbms-111	87	23	in	in	ADP
aijbms-111	87	24	canada	canada	PROPN
aijbms-111	87	25	,	,	PUNCT
aijbms-111	87	26	denmark	denmark	PROPN
aijbms-111	87	27	,	,	PUNCT
aijbms-111	87	28	finland	finland	PROPN
aijbms-111	87	29	,	,	PUNCT
aijbms-111	87	30	greece	greece	PROPN
aijbms-111	87	31	and	and	CCONJ
aijbms-111	87	32	sweden	sweden	PROPN
aijbms-111	87	33	.	.	PUNCT
aijbms-111	88	1	kasuga	kasuga	PROPN
aijbms-111	88	2	(	(	PUNCT
aijbms-111	88	3	2004	2004	NUM
aijbms-111	88	4	)	)	PUNCT
aijbms-111	88	5	investigated	investigate	VERB
aijbms-111	88	6	the	the	DET
aijbms-111	88	7	relationship	relationship	NOUN
aijbms-111	88	8	between	between	ADP
aijbms-111	88	9	savings	saving	NOUN
aijbms-111	88	10	-	-	PUNCT
aijbms-111	88	11	investment	investment	NOUN
aijbms-111	88	12	nexus	nexus	NOUN
aijbms-111	88	13	for	for	ADP
aijbms-111	88	14	23	23	NUM
aijbms-111	88	15	oecd	oecd	NOUN
aijbms-111	88	16	and	and	CCONJ
aijbms-111	88	17	79	79	NUM
aijbms-111	88	18	non	non	ADJ
aijbms-111	88	19	-	-	ADJ
aijbms-111	88	20	oecd	oecd	ADJ
aijbms-111	88	21	countries	country	NOUN
aijbms-111	88	22	spanning	span	VERB
aijbms-111	88	23	1980	1980	NUM
aijbms-111	88	24	-	-	SYM
aijbms-111	88	25	1995	1995	NUM
aijbms-111	88	26	.	.	PUNCT
aijbms-111	89	1	the	the	DET
aijbms-111	89	2	author	author	NOUN
aijbms-111	89	3	employed	employ	VERB
aijbms-111	89	4	ordinary	ordinary	ADJ
aijbms-111	89	5	least	least	ADJ
aijbms-111	89	6	square	square	ADJ
aijbms-111	89	7	(	(	PUNCT
aijbms-111	89	8	ols	ol	NOUN
aijbms-111	89	9	)	)	PUNCT
aijbms-111	89	10	and	and	CCONJ
aijbms-111	89	11	instrumental	instrumental	ADJ
aijbms-111	89	12	variables	variable	NOUN
aijbms-111	89	13	.	.	PUNCT
aijbms-111	90	1	the	the	DET
aijbms-111	90	2	results	result	NOUN
aijbms-111	90	3	revealed	reveal	VERB
aijbms-111	90	4	that	that	SCONJ
aijbms-111	90	5	if	if	SCONJ
aijbms-111	90	6	domestic	domestic	ADJ
aijbms-111	90	7	saving	saving	NOUN
aijbms-111	90	8	increases	increase	VERB
aijbms-111	90	9	net	net	ADJ
aijbms-111	90	10	worth	worth	NOUN
aijbms-111	90	11	,	,	PUNCT
aijbms-111	90	12	it	it	PRON
aijbms-111	90	13	increases	increase	VERB
aijbms-111	90	14	domestic	domestic	ADJ
aijbms-111	90	15	investment	investment	NOUN
aijbms-111	90	16	.	.	PUNCT
aijbms-111	91	1	therefore	therefore	ADV
aijbms-111	91	2	,	,	PUNCT
aijbms-111	91	3	the	the	DET
aijbms-111	91	4	study	study	NOUN
aijbms-111	91	5	suggests	suggest	VERB
aijbms-111	91	6	that	that	SCONJ
aijbms-111	91	7	the	the	DET
aijbms-111	91	8	impact	impact	NOUN
aijbms-111	91	9	of	of	ADP
aijbms-111	91	10	domestic	domestic	ADJ
aijbms-111	91	11	saving	saving	NOUN
aijbms-111	91	12	depends	depend	VERB
aijbms-111	91	13	on	on	ADP
aijbms-111	91	14	financial	financial	ADJ
aijbms-111	91	15	system	system	NOUN
aijbms-111	91	16	and	and	CCONJ
aijbms-111	91	17	their	their	PRON
aijbms-111	91	18	development	development	NOUN
aijbms-111	91	19	.	.	PUNCT
aijbms-111	92	1	pelgrin	pelgrin	NOUN
aijbms-111	92	2	and	and	CCONJ
aijbms-111	92	3	schich	schich	NOUN
aijbms-111	92	4	(	(	PUNCT
aijbms-111	92	5	2008	2008	NUM
aijbms-111	92	6	)	)	PUNCT
aijbms-111	92	7	applied	apply	VERB
aijbms-111	92	8	a	a	DET
aijbms-111	92	9	panel	panel	NOUN
aijbms-111	92	10	error	error	NOUN
aijbms-111	92	11	correction	correction	NOUN
aijbms-111	92	12	model	model	NOUN
aijbms-111	92	13	(	(	PUNCT
aijbms-111	92	14	ecm	ecm	NOUN
aijbms-111	92	15	)	)	PUNCT
aijbms-111	92	16	to	to	PART
aijbms-111	92	17	analyze	analyze	VERB
aijbms-111	92	18	the	the	DET
aijbms-111	92	19	long	long	ADJ
aijbms-111	92	20	run	run	NOUN
aijbms-111	92	21	relationship	relationship	NOUN
aijbms-111	92	22	distinctly	distinctly	ADV
aijbms-111	92	23	from	from	ADP
aijbms-111	92	24	the	the	DET
aijbms-111	92	25	short	short	ADJ
aijbms-111	92	26	run	run	NOUN
aijbms-111	92	27	adjustment	adjustment	NOUN
aijbms-111	92	28	via	via	ADP
aijbms-111	92	29	the	the	DET
aijbms-111	92	30	autoregressive	autoregressive	ADJ
aijbms-111	92	31	distributed	distribute	VERB
aijbms-111	92	32	lag	lag	NOUN
aijbms-111	92	33	(	(	PUNCT
aijbms-111	92	34	ardl	ardl	NOUN
aijbms-111	92	35	)	)	PUNCT
aijbms-111	92	36	model	model	NOUN
aijbms-111	92	37	in	in	ADP
aijbms-111	92	38	addition	addition	NOUN
aijbms-111	92	39	to	to	ADP
aijbms-111	92	40	dynamic	dynamic	ADJ
aijbms-111	92	41	fixed	fix	VERB
aijbms-111	92	42	-	-	PUNCT
aijbms-111	92	43	effects	effect	NOUN
aijbms-111	92	44	estimator	estimator	NOUN
aijbms-111	92	45	(	(	PUNCT
aijbms-111	92	46	dfe	dfe	PROPN
aijbms-111	92	47	)	)	PUNCT
aijbms-111	92	48	,	,	PUNCT
aijbms-111	92	49	pooled	pool	VERB
aijbms-111	92	50	mean	mean	PROPN
aijbms-111	92	51	group	group	NOUN
aijbms-111	92	52	(	(	PUNCT
aijbms-111	92	53	pmg	pmg	PROPN
aijbms-111	92	54	)	)	PUNCT
aijbms-111	92	55	estimator	estimator	NOUN
aijbms-111	92	56	and	and	CCONJ
aijbms-111	92	57	mean	mean	ADJ
aijbms-111	92	58	group	group	NOUN
aijbms-111	92	59	estimator	estimator	NOUN
aijbms-111	92	60	(	(	PUNCT
aijbms-111	92	61	mge	mge	PROPN
aijbms-111	92	62	)	)	PUNCT
aijbms-111	92	63	for	for	ADP
aijbms-111	92	64	20	20	NUM
aijbms-111	92	65	oecd	oecd	PROPN
aijbms-111	92	66	countries	country	NOUN
aijbms-111	92	67	from	from	ADP
aijbms-111	92	68	1960	1960	NUM
aijbms-111	92	69	-	-	SYM
aijbms-111	92	70	1999	1999	NUM
aijbms-111	92	71	.	.	PUNCT
aijbms-111	93	1	the	the	DET
aijbms-111	93	2	authors	author	NOUN
aijbms-111	93	3	found	find	VERB
aijbms-111	93	4	that	that	SCONJ
aijbms-111	93	5	saving	saving	NOUN
aijbms-111	93	6	and	and	CCONJ
aijbms-111	93	7	investment	investment	NOUN
aijbms-111	93	8	have	have	VERB
aijbms-111	93	9	long	long	ADV
aijbms-111	93	10	run	run	VERB
aijbms-111	93	11	cointegration	cointegration	NOUN
aijbms-111	93	12	relationship	relationship	NOUN
aijbms-111	93	13	that	that	PRON
aijbms-111	93	14	is	be	AUX
aijbms-111	93	15	consistent	consistent	ADJ
aijbms-111	93	16	with	with	ADP
aijbms-111	93	17	the	the	DET
aijbms-111	93	18	interpretation	interpretation	NOUN
aijbms-111	93	19	that	that	SCONJ
aijbms-111	93	20	a	a	DET
aijbms-111	93	21	long	long	ADJ
aijbms-111	93	22	run	run	NOUN
aijbms-111	93	23	solvency	solvency	NOUN
aijbms-111	93	24	constraint	constraint	NOUN
aijbms-111	93	25	is	be	AUX
aijbms-111	93	26	binding	bind	VERB
aijbms-111	93	27	for	for	ADP
aijbms-111	93	28	each	each	DET
aijbms-111	93	29	country	country	NOUN
aijbms-111	93	30	.	.	PUNCT
aijbms-111	94	1	raoet	raoet	PROPN
aijbms-111	94	2	al	al	PROPN
aijbms-111	94	3	.	.	PUNCT
aijbms-111	95	1	(	(	PUNCT
aijbms-111	95	2	2010	2010	NUM
aijbms-111	95	3	)	)	PUNCT
aijbms-111	95	4	applied	apply	VERB
aijbms-111	95	5	the	the	DET
aijbms-111	95	6	bludell	bludell	ADJ
aijbms-111	95	7	and	and	CCONJ
aijbms-111	95	8	bound	bound	ADJ
aijbms-111	95	9	systems	system	NOUN
aijbms-111	95	10	gmm	gmm	PROPN
aijbms-111	95	11	method	method	NOUN
aijbms-111	95	12	and	and	CCONJ
aijbms-111	95	13	structural	structural	ADJ
aijbms-111	95	14	breaks	break	NOUN
aijbms-111	95	15	tests	test	NOUN
aijbms-111	95	16	of	of	ADP
aijbms-111	95	17	mancinigriffoli	mancinigriffoli	NOUN
aijbms-111	95	18	and	and	CCONJ
aijbms-111	95	19	pauwels	pauwel	NOUN
aijbms-111	95	20	to	to	PART
aijbms-111	95	21	test	test	VERB
aijbms-111	95	22	the	the	DET
aijbms-111	95	23	feldstein	feldstein	NOUN
aijbms-111	95	24	-	-	PUNCT
aijbms-111	95	25	horioka	horioka	NOUN
aijbms-111	95	26	from	from	ADP
aijbms-111	95	27	the	the	DET
aijbms-111	95	28	period	period	NOUN
aijbms-111	95	29	1960	1960	NUM
aijbms-111	95	30	-	-	SYM
aijbms-111	95	31	2007	2007	NUM
aijbms-111	95	32	for	for	ADP
aijbms-111	95	33	a	a	DET
aijbms-111	95	34	panel	panel	NOUN
aijbms-111	95	35	of	of	ADP
aijbms-111	95	36	13	13	NUM
aijbms-111	95	37	oecd	oecd	PROPN
aijbms-111	95	38	countries	country	NOUN
aijbms-111	95	39	.	.	PUNCT
aijbms-111	96	1	the	the	DET
aijbms-111	96	2	results	result	NOUN
aijbms-111	96	3	evidenced	evidence	VERB
aijbms-111	96	4	that	that	SCONJ
aijbms-111	96	5	the	the	DET
aijbms-111	96	6	feldstein	feldstein	NOUN
aijbms-111	96	7	-	-	PUNCT
aijbms-111	96	8	horioka	horioka	NOUN
aijbms-111	96	9	hypothesis	hypothesis	NOUN
aijbms-111	96	10	is	be	AUX
aijbms-111	96	11	valid	valid	ADJ
aijbms-111	96	12	in	in	ADP
aijbms-111	96	13	the	the	DET
aijbms-111	96	14	pre	pre	ADJ
aijbms-111	96	15	-	-	ADJ
aijbms-111	96	16	bretton	bretton	ADJ
aijbms-111	96	17	woods	wood	NOUN
aijbms-111	96	18	period	period	NOUN
aijbms-111	96	19	and	and	CCONJ
aijbms-111	96	20	international	international	ADJ
aijbms-111	96	21	capital	capital	NOUN
aijbms-111	96	22	mobility	mobility	NOUN
aijbms-111	96	23	was	be	AUX
aijbms-111	96	24	negligible	negligible	ADJ
aijbms-111	96	25	even	even	ADV
aijbms-111	96	26	though	though	SCONJ
aijbms-111	96	27	there	there	PRON
aijbms-111	96	28	has	have	AUX
aijbms-111	96	29	been	be	AUX
aijbms-111	96	30	a	a	DET
aijbms-111	96	31	significant	significant	ADJ
aijbms-111	96	32	improvement	improvement	NOUN
aijbms-111	96	33	in	in	ADP
aijbms-111	96	34	international	international	ADJ
aijbms-111	96	35	capital	capital	NOUN
aijbms-111	96	36	mobility	mobility	NOUN
aijbms-111	96	37	in	in	ADP
aijbms-111	96	38	the	the	DET
aijbms-111	96	39	oecd	oecd	PROPN
aijbms-111	96	40	countries	country	NOUN
aijbms-111	96	41	.	.	PUNCT
aijbms-111	97	1	last	last	ADJ
aijbms-111	97	2	but	but	CCONJ
aijbms-111	97	3	not	not	PART
aijbms-111	97	4	least	least	ADJ
aijbms-111	97	5	,	,	PUNCT
aijbms-111	97	6	another	another	DET
aijbms-111	97	7	group	group	NOUN
aijbms-111	97	8	of	of	ADP
aijbms-111	97	9	studies	study	NOUN
aijbms-111	97	10	examine	examine	VERB
aijbms-111	97	11	if	if	SCONJ
aijbms-111	97	12	the	the	DET
aijbms-111	97	13	puzzle	puzzle	NOUN
aijbms-111	97	14	also	also	ADV
aijbms-111	97	15	holds	hold	VERB
aijbms-111	97	16	in	in	ADP
aijbms-111	97	17	country	country	NOUN
aijbms-111	97	18	groups	group	NOUN
aijbms-111	97	19	other	other	ADJ
aijbms-111	97	20	than	than	ADP
aijbms-111	97	21	the	the	DET
aijbms-111	97	22	oecd	oecd	PROPN
aijbms-111	97	23	countries	country	NOUN
aijbms-111	97	24	.	.	PUNCT
aijbms-111	98	1	mamingi	mamingi	X
aijbms-111	98	2	(	(	PUNCT
aijbms-111	98	3	1997	1997	NUM
aijbms-111	98	4	)	)	PUNCT
aijbms-111	98	5	tested	test	VERB
aijbms-111	98	6	the	the	DET
aijbms-111	98	7	savings	saving	NOUN
aijbms-111	98	8	and	and	CCONJ
aijbms-111	98	9	investment	investment	NOUN
aijbms-111	98	10	correlation	correlation	NOUN
aijbms-111	98	11	by	by	ADP
aijbms-111	98	12	employing	employ	VERB
aijbms-111	98	13	ordinary	ordinary	ADJ
aijbms-111	98	14	least	least	ADJ
aijbms-111	98	15	squares	square	NOUN
aijbms-111	98	16	and	and	CCONJ
aijbms-111	98	17	fully	fully	ADV
aijbms-111	98	18	modified	modified	ADJ
aijbms-111	98	19	least	least	ADJ
aijbms-111	98	20	squares	square	NOUN
aijbms-111	98	21	for	for	ADP
aijbms-111	98	22	58	58	NUM
aijbms-111	98	23	developing	develop	VERB
aijbms-111	98	24	countries	country	NOUN
aijbms-111	98	25	over	over	ADP
aijbms-111	98	26	the	the	DET
aijbms-111	98	27	period	period	NOUN
aijbms-111	98	28	1970	1970	NUM
aijbms-111	98	29	1990	1990	NUM
aijbms-111	98	30	.	.	PUNCT
aijbms-111	99	1	the	the	DET
aijbms-111	99	2	author	author	NOUN
aijbms-111	99	3	revealed	reveal	VERB
aijbms-111	99	4	that	that	SCONJ
aijbms-111	99	5	many	many	ADJ
aijbms-111	99	6	developing	develop	VERB
aijbms-111	99	7	countries	country	NOUN
aijbms-111	99	8	are	be	AUX
aijbms-111	99	9	financially	financially	ADV
aijbms-111	99	10	integrated	integrate	VERB
aijbms-111	99	11	in	in	ADP
aijbms-111	99	12	the	the	DET
aijbms-111	99	13	long	long	ADJ
aijbms-111	99	14	run	run	NOUN
aijbms-111	99	15	.	.	PUNCT
aijbms-111	100	1	the	the	DET
aijbms-111	100	2	results	result	NOUN
aijbms-111	100	3	further	far	ADV
aijbms-111	100	4	showed	show	VERB
aijbms-111	100	5	that	that	SCONJ
aijbms-111	100	6	saving	saving	NOUN
aijbms-111	100	7	and	and	CCONJ
aijbms-111	100	8	investment	investment	NOUN
aijbms-111	100	9	correlation	correlation	NOUN
aijbms-111	100	10	for	for	ADP
aijbms-111	100	11	low	low	ADJ
aijbms-111	100	12	-	-	PUNCT
aijbms-111	100	13	income	income	NOUN
aijbms-111	100	14	countries	country	NOUN
aijbms-111	100	15	is	be	AUX
aijbms-111	100	16	higher	high	ADJ
aijbms-111	100	17	than	than	ADP
aijbms-111	100	18	those	those	PRON
aijbms-111	100	19	for	for	ADP
aijbms-111	100	20	middle	middle	ADJ
aijbms-111	100	21	-	-	PUNCT
aijbms-111	100	22	income	income	NOUN
aijbms-111	100	23	countries	country	NOUN
aijbms-111	100	24	,	,	PUNCT
aijbms-111	100	25	using	use	VERB
aijbms-111	100	26	japan	japan	PROPN
aijbms-111	100	27	and	and	CCONJ
aijbms-111	100	28	10	10	NUM
aijbms-111	100	29	other	other	ADJ
aijbms-111	100	30	asian	asian	ADJ
aijbms-111	100	31	countries	country	NOUN
aijbms-111	100	32	data	datum	NOUN
aijbms-111	100	33	by	by	ADP
aijbms-111	100	34	employing	employ	VERB
aijbms-111	100	35	johansen	johansen	PROPN
aijbms-111	100	36	framework	framework	NOUN
aijbms-111	100	37	covering	cover	VERB
aijbms-111	100	38	the	the	DET
aijbms-111	100	39	period	period	NOUN
aijbms-111	100	40	1950	1950	NUM
aijbms-111	100	41	-	-	SYM
aijbms-111	100	42	1999	1999	NUM
aijbms-111	100	43	.	.	PUNCT
aijbms-111	101	1	sinha	sinha	NOUN
aijbms-111	101	2	(	(	PUNCT
aijbms-111	101	3	2002	2002	NUM
aijbms-111	101	4	)	)	PUNCT
aijbms-111	101	5	revealed	reveal	VERB
aijbms-111	101	6	long	long	ADJ
aijbms-111	101	7	run	run	NOUN
aijbms-111	101	8	relationship	relationship	NOUN
aijbms-111	101	9	between	between	ADP
aijbms-111	101	10	savings	saving	NOUN
aijbms-111	101	11	and	and	CCONJ
aijbms-111	101	12	investment	investment	NOUN
aijbms-111	101	13	for	for	ADP
aijbms-111	101	14	myanmar	myanmar	PROPN
aijbms-111	101	15	and	and	CCONJ
aijbms-111	101	16	thailand	thailand	PROPN
aijbms-111	101	17	.	.	PUNCT
aijbms-111	102	1	the	the	DET
aijbms-111	102	2	study	study	NOUN
aijbms-111	102	3	also	also	ADV
aijbms-111	102	4	showed	show	VERB
aijbms-111	102	5	that	that	SCONJ
aijbms-111	102	6	the	the	DET
aijbms-111	102	7	growth	growth	NOUN
aijbms-111	102	8	of	of	ADP
aijbms-111	102	9	the	the	DET
aijbms-111	102	10	saving	save	VERB
aijbms-111	102	11	rates	rate	NOUN
aijbms-111	102	12	granger	granger	NOUN
aijbms-111	102	13	causes	cause	VERB
aijbms-111	102	14	the	the	DET
aijbms-111	102	15	growth	growth	NOUN
aijbms-111	102	16	rate	rate	NOUN
aijbms-111	102	17	of	of	ADP
aijbms-111	102	18	investment	investment	NOUN
aijbms-111	102	19	rates	rate	NOUN
aijbms-111	102	20	for	for	ADP
aijbms-111	102	21	malaysia	malaysia	PROPN
aijbms-111	102	22	,	,	PUNCT
aijbms-111	102	23	singapore	singapore	PROPN
aijbms-111	102	24	,	,	PUNCT
aijbms-111	102	25	sri	sri	PROPN
aijbms-111	102	26	lanka	lanka	PROPN
aijbms-111	102	27	and	and	CCONJ
aijbms-111	102	28	thailand	thailand	PROPN
aijbms-111	102	29	.	.	PUNCT
aijbms-111	103	1	however	however	ADV
aijbms-111	103	2	,	,	PUNCT
aijbms-111	103	3	causality	causality	NOUN
aijbms-111	103	4	runs	run	VERB
aijbms-111	103	5	from	from	ADP
aijbms-111	103	6	investment	investment	NOUN
aijbms-111	103	7	rates	rate	NOUN
aijbms-111	103	8	to	to	ADP
aijbms-111	103	9	saving	save	VERB
aijbms-111	103	10	rate	rate	NOUN
aijbms-111	103	11	for	for	ADP
aijbms-111	103	12	hong	hong	PROPN
aijbms-111	103	13	-	-	PUNCT
aijbms-111	103	14	kong	kong	PROPN
aijbms-111	103	15	,	,	PUNCT
aijbms-111	103	16	malaysia	malaysia	PROPN
aijbms-111	103	17	,	,	PUNCT
aijbms-111	103	18	myanmar	myanmar	PROPN
aijbms-111	103	19	and	and	CCONJ
aijbms-111	103	20	singapore	singapore	PROPN
aijbms-111	103	21	.	.	PUNCT
aijbms-111	104	1	chakrabarti	chakrabarti	PROPN
aijbms-111	104	2	(	(	PUNCT
aijbms-111	104	3	2006	2006	NUM
aijbms-111	104	4	)	)	PUNCT
aijbms-111	104	5	re	re	VERB
aijbms-111	104	6	-	-	VERB
aijbms-111	104	7	examined	examine	VERB
aijbms-111	104	8	the	the	DET
aijbms-111	104	9	relationship	relationship	NOUN
aijbms-111	104	10	between	between	ADP
aijbms-111	104	11	saving	saving	NOUN
aijbms-111	104	12	and	and	CCONJ
aijbms-111	104	13	investment	investment	NOUN
aijbms-111	104	14	by	by	ADP
aijbms-111	104	15	employing	employ	VERB
aijbms-111	104	16	multivariate	multivariate	NOUN
aijbms-111	104	17	heterogeneous	heterogeneous	ADJ
aijbms-111	104	18	panel	panel	NOUN
aijbms-111	104	19	cointegration	cointegration	NOUN
aijbms-111	104	20	for	for	ADP
aijbms-111	104	21	the	the	DET
aijbms-111	104	22	panel	panel	NOUN
aijbms-111	104	23	of	of	ADP
aijbms-111	104	24	126	126	NUM
aijbms-111	104	25	countries	country	NOUN
aijbms-111	104	26	spanning	span	VERB
aijbms-111	104	27	1960	1960	NUM
aijbms-111	104	28	-	-	SYM
aijbms-111	104	29	2000	2000	NUM
aijbms-111	104	30	.	.	PUNCT
aijbms-111	105	1	the	the	DET
aijbms-111	105	2	author	author	NOUN
aijbms-111	105	3	found	find	VERB
aijbms-111	105	4	a	a	DET
aijbms-111	105	5	significant	significant	ADJ
aijbms-111	105	6	positive	positive	ADJ
aijbms-111	105	7	association	association	NOUN
aijbms-111	105	8	between	between	ADP
aijbms-111	105	9	the	the	DET
aijbms-111	105	10	ratio	ratio	NOUN
aijbms-111	105	11	of	of	ADP
aijbms-111	105	12	gross	gross	ADJ
aijbms-111	105	13	domestic	domestic	ADJ
aijbms-111	105	14	investment	investment	NOUN
aijbms-111	105	15	to	to	ADP
aijbms-111	105	16	gdp	gdp	NOUN
aijbms-111	105	17	and	and	CCONJ
aijbms-111	105	18	the	the	DET
aijbms-111	105	19	ratio	ratio	NOUN
aijbms-111	105	20	of	of	ADP
aijbms-111	105	21	gross	gross	ADJ
aijbms-111	105	22	domestic	domestic	ADJ
aijbms-111	105	23	saving	saving	NOUN
aijbms-111	105	24	to	to	AUX
aijbms-111	105	25	gdp	gdp	NOUN
aijbms-111	105	26	ranging	range	VERB
aijbms-111	105	27	from	from	ADP
aijbms-111	105	28	0.58	0.58	NUM
aijbms-111	105	29	to	to	ADP
aijbms-111	105	30	0.81	0.81	NUM
aijbms-111	105	31	.	.	PUNCT
aijbms-111	106	1	the	the	DET
aijbms-111	106	2	evidence	evidence	NOUN
aijbms-111	106	3	of	of	ADP
aijbms-111	106	4	cointegration	cointegration	NOUN
aijbms-111	106	5	and	and	CCONJ
aijbms-111	106	6	a	a	DET
aijbms-111	106	7	significant	significant	ADJ
aijbms-111	106	8	positive	positive	ADJ
aijbms-111	106	9	correlation	correlation	NOUN
aijbms-111	106	10	between	between	ADP
aijbms-111	106	11	saving	saving	NOUN
aijbms-111	106	12	and	and	CCONJ
aijbms-111	106	13	investment	investment	NOUN
aijbms-111	106	14	may	may	AUX
aijbms-111	106	15	indicate	indicate	VERB
aijbms-111	106	16	a	a	DET
aijbms-111	106	17	low	low	ADJ
aijbms-111	106	18	degree	degree	NOUN
aijbms-111	106	19	of	of	ADP
aijbms-111	106	20	financial	financial	ADJ
aijbms-111	106	21	integration	integration	NOUN
aijbms-111	106	22	in	in	ADP
aijbms-111	106	23	the	the	DET
aijbms-111	106	24	world	world	NOUN
aijbms-111	106	25	capital	capital	NOUN
aijbms-111	106	26	markets	market	NOUN
aijbms-111	106	27	,	,	PUNCT
aijbms-111	106	28	which	which	PRON
aijbms-111	106	29	is	be	AUX
aijbms-111	106	30	the	the	DET
aijbms-111	106	31	basis	basis	NOUN
aijbms-111	106	32	for	for	ADP
aijbms-111	106	33	the	the	DET
aijbms-111	106	34	fh	fh	PROPN
aijbms-111	106	35	hypothesis	hypothesis	NOUN
aijbms-111	106	36	.	.	PUNCT
aijbms-111	107	1	telataret	telataret	PROPN
aijbms-111	107	2	al	al	PROPN
aijbms-111	107	3	.	.	PROPN
aijbms-111	107	4	,	,	PUNCT
aijbms-111	107	5	(	(	PUNCT
aijbms-111	107	6	2007	2007	NUM
aijbms-111	107	7	)	)	PUNCT
aijbms-111	107	8	studied	study	VERB
aijbms-111	107	9	the	the	DET
aijbms-111	107	10	relationship	relationship	NOUN
aijbms-111	107	11	between	between	ADP
aijbms-111	107	12	savings	saving	NOUN
aijbms-111	107	13	and	and	CCONJ
aijbms-111	107	14	investment	investment	NOUN
aijbms-111	107	15	for	for	ADP
aijbms-111	107	16	10	10	NUM
aijbms-111	107	17	european	european	ADJ
aijbms-111	107	18	countries	country	NOUN
aijbms-111	107	19	over	over	ADP
aijbms-111	107	20	the	the	DET
aijbms-111	107	21	period	period	NOUN
aijbms-111	107	22	1970	1970	NUM
aijbms-111	107	23	-	-	SYM
aijbms-111	107	24	2002	2002	NUM
aijbms-111	107	25	by	by	ADP
aijbms-111	107	26	applying	apply	VERB
aijbms-111	107	27	a	a	DET
aijbms-111	107	28	markov	markov	NOUN
aijbms-111	107	29	-	-	PUNCT
aijbms-111	107	30	switching	switch	VERB
aijbms-111	107	31	model	model	NOUN
aijbms-111	107	32	which	which	PRON
aijbms-111	107	33	allowed	allow	VERB
aijbms-111	107	34	data	datum	NOUN
aijbms-111	107	35	to	to	PART
aijbms-111	107	36	be	be	AUX
aijbms-111	107	37	drawn	draw	VERB
aijbms-111	107	38	from	from	ADP
aijbms-111	107	39	two	two	NUM
aijbms-111	107	40	different	different	ADJ
aijbms-111	107	41	states	state	NOUN
aijbms-111	107	42	-	-	PUNCT
aijbms-111	107	43	high	high	ADJ
aijbms-111	107	44	capital	capital	NOUN
aijbms-111	107	45	mobility	mobility	NOUN
aijbms-111	107	46	and	and	CCONJ
aijbms-111	107	47	low	low	ADJ
aijbms-111	107	48	capital	capital	NOUN
aijbms-111	107	49	mobility	mobility	NOUN
aijbms-111	107	50	-	-	PUNCT
aijbms-111	107	51	and	and	CCONJ
aijbms-111	107	52	extent	extent	NOUN
aijbms-111	107	53	it	it	PRON
aijbms-111	107	54	to	to	PART
aijbms-111	107	55	allow	allow	VERB
aijbms-111	107	56	variances	variance	NOUN
aijbms-111	107	57	to	to	PART
aijbms-111	107	58	change	change	VERB
aijbms-111	107	59	among	among	ADP
aijbms-111	107	60	different	different	ADJ
aijbms-111	107	61	regimes	regime	NOUN
aijbms-111	107	62	.	.	PUNCT
aijbms-111	108	1	the	the	DET
aijbms-111	108	2	authors	author	NOUN
aijbms-111	108	3	found	find	VERB
aijbms-111	108	4	a	a	DET
aijbms-111	108	5	low	low	ADJ
aijbms-111	108	6	correlation	correlation	NOUN
aijbms-111	108	7	between	between	ADP
aijbms-111	108	8	savings	saving	NOUN
aijbms-111	108	9	and	and	CCONJ
aijbms-111	108	10	investment	investment	NOUN
aijbms-111	108	11	for	for	ADP
aijbms-111	108	12	belgium	belgium	NOUN
aijbms-111	108	13	,	,	PUNCT
aijbms-111	108	14	denmark	denmark	PROPN
aijbms-111	108	15	,	,	PUNCT
aijbms-111	108	16	finland	finland	PROPN
aijbms-111	108	17	,	,	PUNCT
aijbms-111	108	18	france	france	PROPN
aijbms-111	108	19	,	,	PUNCT
aijbms-111	108	20	italy	italy	PROPN
aijbms-111	108	21	and	and	CCONJ
aijbms-111	108	22	sweden	sweden	PROPN
aijbms-111	108	23	.	.	PUNCT
aijbms-111	109	1	while	while	SCONJ
aijbms-111	109	2	,	,	PUNCT
aijbms-111	109	3	no	no	DET
aijbms-111	109	4	single	single	ADJ
aijbms-111	109	5	switching	switching	NOUN
aijbms-111	109	6	point	point	NOUN
aijbms-111	109	7	in	in	ADP
aijbms-111	109	8	the	the	DET
aijbms-111	109	9	regime	regime	NOUN
aijbms-111	109	10	of	of	ADP
aijbms-111	109	11	capital	capital	NOUN
aijbms-111	109	12	mobility	mobility	NOUN
aijbms-111	109	13	measuring	measure	VERB
aijbms-111	109	14	the	the	DET
aijbms-111	109	15	degree	degree	NOUN
aijbms-111	109	16	of	of	ADP
aijbms-111	109	17	correlation	correlation	NOUN
aijbms-111	109	18	between	between	ADP
aijbms-111	109	19	national	national	ADJ
aijbms-111	109	20	savings	saving	NOUN
aijbms-111	109	21	and	and	CCONJ
aijbms-111	109	22	national	national	ADJ
aijbms-111	109	23	investment	investment	NOUN
aijbms-111	109	24	was	be	AUX
aijbms-111	109	25	reported	report	VERB
aijbms-111	109	26	for	for	ADP
aijbms-111	109	27	the	the	DET
aijbms-111	109	28	remaining	remain	VERB
aijbms-111	109	29	countries	country	NOUN
aijbms-111	109	30	.	.	PUNCT
aijbms-111	110	1	kim	kim	PROPN
aijbms-111	110	2	et	et	PROPN
aijbms-111	110	3	al	al	PROPN
aijbms-111	110	4	.	.	PROPN
aijbms-111	111	1	(	(	PUNCT
aijbms-111	111	2	2007	2007	NUM
aijbms-111	111	3	)	)	PUNCT
aijbms-111	111	4	applied	apply	VERB
aijbms-111	111	5	generalized	generalized	ADJ
aijbms-111	111	6	least	least	ADJ
aijbms-111	111	7	square	square	ADJ
aijbms-111	111	8	(	(	PUNCT
aijbms-111	111	9	gsl	gsl	PROPN
aijbms-111	111	10	)	)	PUNCT
aijbms-111	111	11	estimation	estimation	NOUN
aijbms-111	111	12	by	by	ADP
aijbms-111	111	13	iterating	iterate	VERB
aijbms-111	111	14	the	the	DET
aijbms-111	111	15	seemingly	seemingly	ADV
aijbms-111	111	16	unrelated	unrelated	ADJ
aijbms-111	111	17	regression	regression	NOUN
aijbms-111	111	18	(	(	PUNCT
aijbms-111	111	19	sur	sur	NOUN
aijbms-111	111	20	)	)	PUNCT
aijbms-111	111	21	system	system	NOUN
aijbms-111	111	22	using	use	VERB
aijbms-111	111	23	the	the	DET
aijbms-111	111	24	newly	newly	ADV
aijbms-111	111	25	computed	compute	VERB
aijbms-111	111	26	covariance	covariance	NOUN
aijbms-111	111	27	and	and	CCONJ
aijbms-111	111	28	system	system	NOUN
aijbms-111	111	29	equation	equation	NOUN
aijbms-111	111	30	estimates	estimate	NOUN
aijbms-111	111	31	for	for	ADP
aijbms-111	111	32	big	big	ADJ
aijbms-111	111	33	three	three	NUM
aijbms-111	111	34	(	(	PUNCT
aijbms-111	111	35	china	china	PROPN
aijbms-111	111	36	,	,	PUNCT
aijbms-111	111	37	malaysia	malaysia	PROPN
aijbms-111	111	38	,	,	PUNCT
aijbms-111	111	39	and	and	CCONJ
aijbms-111	111	40	korea	korea	PROPN
aijbms-111	111	41	)	)	PUNCT
aijbms-111	111	42	,	,	PUNCT
aijbms-111	111	43	asean	asean	ADJ
aijbms-111	111	44	countries	country	NOUN
aijbms-111	111	45	and	and	CCONJ
aijbms-111	111	46	greater	great	ADJ
aijbms-111	111	47	china	china	PROPN
aijbms-111	111	48	(	(	PUNCT
aijbms-111	111	49	hong	hong	PROPN
aijbms-111	111	50	kong	kong	PROPN
aijbms-111	111	51	,	,	PUNCT
aijbms-111	111	52	taiwan	taiwan	PROPN
aijbms-111	111	53	,	,	PUNCT
aijbms-111	111	54	and	and	CCONJ
aijbms-111	111	55	china	china	PROPN
aijbms-111	111	56	)	)	PUNCT
aijbms-111	111	57	covering	cover	VERB
aijbms-111	111	58	the	the	DET
aijbms-111	111	59	period	period	NOUN
aijbms-111	111	60	1980	1980	NUM
aijbms-111	111	61	-	-	SYM
aijbms-111	111	62	2002	2002	NUM
aijbms-111	111	63	.	.	PUNCT
aijbms-111	112	1	the	the	DET
aijbms-111	112	2	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	NOUN
aijbms-111	112	3	american	american	PROPN
aijbms-111	112	4	international	international	PROPN
aijbms-111	112	5	journal	journal	PROPN
aijbms-111	112	6	of	of	ADP
aijbms-111	112	7	business	business	NOUN
aijbms-111	112	8	and	and	CCONJ
aijbms-111	112	9	management	management	NOUN
aijbms-111	112	10	studies	study	NOUN
aijbms-111	112	11	vol	vol	NOUN
aijbms-111	112	12	.	.	PROPN
aijbms-111	112	13	1	1	NUM
aijbms-111	112	14	,	,	PUNCT
aijbms-111	112	15	no	no	INTJ
aijbms-111	112	16	.	.	NOUN
aijbms-111	112	17	1	1	NUM
aijbms-111	112	18	;	;	PUNCT
aijbms-111	112	19	2019	2019	NUM
aijbms-111	112	20	24	24	NUM
aijbms-111	112	21	authors	author	NOUN
aijbms-111	112	22	concluded	conclude	VERB
aijbms-111	112	23	that	that	SCONJ
aijbms-111	112	24	the	the	DET
aijbms-111	112	25	saving	saving	NOUN
aijbms-111	112	26	-	-	PUNCT
aijbms-111	112	27	investment	investment	NOUN
aijbms-111	112	28	correlation	correlation	NOUN
aijbms-111	112	29	in	in	ADP
aijbms-111	112	30	east	east	PROPN
aijbms-111	112	31	asia	asia	PROPN
aijbms-111	112	32	steadily	steadily	ADV
aijbms-111	112	33	decreases	decrease	VERB
aijbms-111	112	34	over	over	ADP
aijbms-111	112	35	time	time	NOUN
aijbms-111	112	36	but	but	CCONJ
aijbms-111	112	37	is	be	AUX
aijbms-111	112	38	still	still	ADV
aijbms-111	112	39	higher	high	ADJ
aijbms-111	112	40	than	than	ADP
aijbms-111	112	41	that	that	PRON
aijbms-111	112	42	of	of	ADP
aijbms-111	112	43	the	the	DET
aijbms-111	112	44	oecd	oecd	PROPN
aijbms-111	112	45	countries	country	NOUN
aijbms-111	112	46	.	.	PUNCT
aijbms-111	113	1	ketenci	ketenci	PROPN
aijbms-111	113	2	(	(	PUNCT
aijbms-111	113	3	2012	2012	NUM
aijbms-111	113	4	)	)	PUNCT
aijbms-111	113	5	used	use	VERB
aijbms-111	113	6	gregory	gregory	PROPN
aijbms-111	113	7	and	and	CCONJ
aijbms-111	113	8	hansen	hansen	PROPN
aijbms-111	113	9	and	and	CCONJ
aijbms-111	113	10	johansen	johansen	PROPN
aijbms-111	113	11	approach	approach	NOUN
aijbms-111	113	12	to	to	ADP
aijbms-111	113	13	cointegration	cointegration	NOUN
aijbms-111	113	14	to	to	PART
aijbms-111	113	15	measure	measure	VERB
aijbms-111	113	16	long	long	ADJ
aijbms-111	113	17	run	run	NOUN
aijbms-111	113	18	relationship	relationship	NOUN
aijbms-111	113	19	between	between	ADP
aijbms-111	113	20	savings	saving	NOUN
aijbms-111	113	21	and	and	CCONJ
aijbms-111	113	22	investment	investment	NOUN
aijbms-111	113	23	for	for	ADP
aijbms-111	113	24	23	23	NUM
aijbms-111	113	25	eu	eu	PROPN
aijbms-111	113	26	countries	country	NOUN
aijbms-111	113	27	for	for	ADP
aijbms-111	113	28	the	the	DET
aijbms-111	113	29	period	period	NOUN
aijbms-111	113	30	1995	1995	NUM
aijbms-111	113	31	-	-	SYM
aijbms-111	113	32	2009	2009	NUM
aijbms-111	113	33	.	.	PUNCT
aijbms-111	114	1	the	the	DET
aijbms-111	114	2	author	author	NOUN
aijbms-111	114	3	showed	show	VERB
aijbms-111	114	4	that	that	SCONJ
aijbms-111	114	5	there	there	PRON
aijbms-111	114	6	is	be	VERB
aijbms-111	114	7	evidence	evidence	NOUN
aijbms-111	114	8	of	of	ADP
aijbms-111	114	9	cointegration	cointegration	NOUN
aijbms-111	114	10	in	in	ADP
aijbms-111	114	11	all	all	DET
aijbms-111	114	12	cases	case	NOUN
aijbms-111	114	13	except	except	SCONJ
aijbms-111	114	14	for	for	ADP
aijbms-111	114	15	estonia	estonia	PROPN
aijbms-111	114	16	and	and	CCONJ
aijbms-111	114	17	portugal	portugal	PROPN
aijbms-111	114	18	.	.	PUNCT
aijbms-111	115	1	the	the	DET
aijbms-111	115	2	low	low	ADJ
aijbms-111	115	3	level	level	NOUN
aijbms-111	115	4	saving	saving	NOUN
aijbms-111	115	5	-	-	PUNCT
aijbms-111	115	6	retention	retention	NOUN
aijbms-111	115	7	coefficient	coefficient	NOUN
aijbms-111	115	8	estimated	estimate	VERB
aijbms-111	115	9	in	in	ADP
aijbms-111	115	10	the	the	DET
aijbms-111	115	11	presence	presence	NOUN
aijbms-111	115	12	of	of	ADP
aijbms-111	115	13	structural	structural	ADJ
aijbms-111	115	14	breaks	break	NOUN
aijbms-111	115	15	revealed	reveal	VERB
aijbms-111	115	16	high	high	ADJ
aijbms-111	115	17	capital	capital	NOUN
aijbms-111	115	18	mobility	mobility	NOUN
aijbms-111	115	19	in	in	ADP
aijbms-111	115	20	most	most	ADJ
aijbms-111	115	21	of	of	ADP
aijbms-111	115	22	the	the	DET
aijbms-111	115	23	countries	country	NOUN
aijbms-111	115	24	under	under	ADP
aijbms-111	115	25	study	study	NOUN
aijbms-111	115	26	disputing	dispute	VERB
aijbms-111	115	27	the	the	DET
aijbms-111	115	28	feldstein	feldstein	NOUN
aijbms-111	115	29	-	-	PUNCT
aijbms-111	115	30	horioka	horioka	NOUN
aijbms-111	115	31	hypothesis	hypothesis	NOUN
aijbms-111	115	32	.	.	PUNCT
aijbms-111	116	1	dixit	dixit	PROPN
aijbms-111	116	2	and	and	CCONJ
aijbms-111	116	3	pindyck	pindyck	PROPN
aijbms-111	116	4	(	(	PUNCT
aijbms-111	116	5	1994	1994	NUM
aijbms-111	116	6	)	)	PUNCT
aijbms-111	116	7	suggested	suggest	VERB
aijbms-111	116	8	that	that	SCONJ
aijbms-111	116	9	increased	increase	VERB
aijbms-111	116	10	uncertainty	uncertainty	NOUN
aijbms-111	116	11	caused	cause	VERB
aijbms-111	116	12	by	by	ADP
aijbms-111	116	13	exchange	exchange	NOUN
aijbms-111	116	14	rate	rate	NOUN
aijbms-111	116	15	variations	variation	NOUN
aijbms-111	116	16	reduces	reduce	VERB
aijbms-111	116	17	investment	investment	NOUN
aijbms-111	116	18	given	give	VERB
aijbms-111	116	19	the	the	DET
aijbms-111	116	20	irreversibility	irreversibility	NOUN
aijbms-111	116	21	of	of	ADP
aijbms-111	116	22	investment	investment	NOUN
aijbms-111	116	23	projects	project	NOUN
aijbms-111	116	24	and	and	CCONJ
aijbms-111	116	25	,	,	PUNCT
aijbms-111	116	26	hence	hence	ADV
aijbms-111	116	27	,	,	PUNCT
aijbms-111	116	28	increases	increase	VERB
aijbms-111	116	29	the	the	DET
aijbms-111	116	30	value	value	NOUN
aijbms-111	116	31	option	option	NOUN
aijbms-111	116	32	of	of	ADP
aijbms-111	116	33	delaying	delay	VERB
aijbms-111	116	34	expenditures	expenditure	NOUN
aijbms-111	116	35	.	.	PUNCT
aijbms-111	117	1	jayaraman	jayaraman	NOUN
aijbms-111	117	2	(	(	PUNCT
aijbms-111	117	3	1996	1996	NUM
aijbms-111	117	4	)	)	PUNCT
aijbms-111	117	5	in	in	ADP
aijbms-111	117	6	his	his	PRON
aijbms-111	117	7	cross	cross	ADJ
aijbms-111	117	8	-	-	ADJ
aijbms-111	117	9	country	country	ADJ
aijbms-111	117	10	study	study	NOUN
aijbms-111	117	11	on	on	ADP
aijbms-111	117	12	the	the	DET
aijbms-111	117	13	macroeconomic	macroeconomic	ADJ
aijbms-111	117	14	environment	environment	NOUN
aijbms-111	117	15	and	and	CCONJ
aijbms-111	117	16	private	private	ADJ
aijbms-111	117	17	investment	investment	NOUN
aijbms-111	117	18	in	in	ADP
aijbms-111	117	19	six	six	NUM
aijbms-111	117	20	pacific	pacific	PROPN
aijbms-111	117	21	island	island	NOUN
aijbms-111	117	22	countries	country	NOUN
aijbms-111	117	23	observed	observe	VERB
aijbms-111	117	24	a	a	DET
aijbms-111	117	25	statistically	statistically	ADV
aijbms-111	117	26	significant	significant	ADJ
aijbms-111	117	27	negative	negative	ADJ
aijbms-111	117	28	relationship	relationship	NOUN
aijbms-111	117	29	between	between	ADP
aijbms-111	117	30	the	the	DET
aijbms-111	117	31	variability	variability	NOUN
aijbms-111	117	32	in	in	ADP
aijbms-111	117	33	the	the	DET
aijbms-111	117	34	real	real	ADJ
aijbms-111	117	35	exchange	exchange	NOUN
aijbms-111	117	36	rate	rate	NOUN
aijbms-111	117	37	and	and	CCONJ
aijbms-111	117	38	private	private	ADJ
aijbms-111	117	39	investment	investment	NOUN
aijbms-111	117	40	.	.	PUNCT
aijbms-111	118	1	thomas	thomas	PROPN
aijbms-111	118	2	(	(	PUNCT
aijbms-111	118	3	1997	1997	NUM
aijbms-111	118	4	)	)	PUNCT
aijbms-111	118	5	in	in	ADP
aijbms-111	118	6	his	his	PRON
aijbms-111	118	7	study	study	NOUN
aijbms-111	118	8	of	of	ADP
aijbms-111	118	9	86	86	NUM
aijbms-111	118	10	developing	develop	VERB
aijbms-111	118	11	countries	country	NOUN
aijbms-111	118	12	examined	examine	VERB
aijbms-111	118	13	data	datum	NOUN
aijbms-111	118	14	on	on	ADP
aijbms-111	118	15	terms	term	NOUN
aijbms-111	118	16	of	of	ADP
aijbms-111	118	17	trade	trade	NOUN
aijbms-111	118	18	,	,	PUNCT
aijbms-111	118	19	real	real	ADJ
aijbms-111	118	20	exchange	exchange	NOUN
aijbms-111	118	21	rates	rate	NOUN
aijbms-111	118	22	,	,	PUNCT
aijbms-111	118	23	and	and	CCONJ
aijbms-111	118	24	property	property	NOUN
aijbms-111	118	25	rights	right	NOUN
aijbms-111	118	26	and	and	CCONJ
aijbms-111	118	27	concluded	conclude	VERB
aijbms-111	118	28	that	that	SCONJ
aijbms-111	118	29	while	while	SCONJ
aijbms-111	118	30	factors	factor	NOUN
aijbms-111	118	31	including	include	VERB
aijbms-111	118	32	credit	credit	NOUN
aijbms-111	118	33	availability	availability	NOUN
aijbms-111	118	34	and	and	CCONJ
aijbms-111	118	35	the	the	DET
aijbms-111	118	36	quality	quality	NOUN
aijbms-111	118	37	of	of	ADP
aijbms-111	118	38	physical	physical	ADJ
aijbms-111	118	39	and	and	CCONJ
aijbms-111	118	40	human	human	ADJ
aijbms-111	118	41	infrastructure	infrastructure	NOUN
aijbms-111	118	42	are	be	AUX
aijbms-111	118	43	important	important	ADJ
aijbms-111	118	44	influences	influence	NOUN
aijbms-111	118	45	,	,	PUNCT
aijbms-111	118	46	uncertainty	uncertainty	NOUN
aijbms-111	118	47	in	in	ADP
aijbms-111	118	48	the	the	DET
aijbms-111	118	49	foreign	foreign	ADJ
aijbms-111	118	50	exchange	exchange	NOUN
aijbms-111	118	51	rate	rate	NOUN
aijbms-111	118	52	was	be	AUX
aijbms-111	118	53	negatively	negatively	ADV
aijbms-111	118	54	related	relate	VERB
aijbms-111	118	55	to	to	ADP
aijbms-111	118	56	private	private	ADJ
aijbms-111	118	57	investment	investment	NOUN
aijbms-111	118	58	in	in	ADP
aijbms-111	118	59	sub	sub	ADJ
aijbms-111	118	60	-	-	ADJ
aijbms-111	118	61	saharan	saharan	ADJ
aijbms-111	118	62	countries	country	NOUN
aijbms-111	118	63	.	.	PUNCT
aijbms-111	119	1	gómez	gómez	NOUN
aijbms-111	119	2	(	(	PUNCT
aijbms-111	119	3	2000	2000	NUM
aijbms-111	119	4	)	)	PUNCT
aijbms-111	119	5	in	in	ADP
aijbms-111	119	6	a	a	DET
aijbms-111	119	7	study	study	NOUN
aijbms-111	119	8	titled	title	VERB
aijbms-111	119	9	exchange	exchange	NOUN
aijbms-111	119	10	rate	rate	NOUN
aijbms-111	119	11	volatility	volatility	NOUN
aijbms-111	119	12	effects	effect	NOUN
aijbms-111	119	13	on	on	ADP
aijbms-111	119	14	domestic	domestic	ADJ
aijbms-111	119	15	investment	investment	NOUN
aijbms-111	119	16	in	in	ADP
aijbms-111	119	17	spain	spain	PROPN
aijbms-111	119	18	argue	argue	VERB
aijbms-111	119	19	that	that	SCONJ
aijbms-111	119	20	there	there	PRON
aijbms-111	119	21	is	be	VERB
aijbms-111	119	22	no	no	DET
aijbms-111	119	23	unique	unique	ADJ
aijbms-111	119	24	expected	expect	VERB
aijbms-111	119	25	exchange	exchange	NOUN
aijbms-111	119	26	rate	rate	NOUN
aijbms-111	119	27	effect	effect	NOUN
aijbms-111	119	28	on	on	ADP
aijbms-111	119	29	investment	investment	NOUN
aijbms-111	119	30	,	,	PUNCT
aijbms-111	119	31	its	its	PRON
aijbms-111	119	32	sign	sign	NOUN
aijbms-111	119	33	and	and	CCONJ
aijbms-111	119	34	importance	importance	NOUN
aijbms-111	119	35	remaining	remain	VERB
aijbms-111	119	36	as	as	ADP
aijbms-111	119	37	a	a	DET
aijbms-111	119	38	mainly	mainly	ADV
aijbms-111	119	39	empirical	empirical	ADJ
aijbms-111	119	40	question	question	NOUN
aijbms-111	119	41	.	.	PUNCT
aijbms-111	120	1	bakare	bakare	NOUN
aijbms-111	120	2	(	(	PUNCT
aijbms-111	120	3	2011	2011	NUM
aijbms-111	120	4	)	)	PUNCT
aijbms-111	120	5	carried	carry	VERB
aijbms-111	120	6	out	out	ADP
aijbms-111	120	7	an	an	DET
aijbms-111	120	8	empirical	empirical	ADJ
aijbms-111	120	9	analysis	analysis	NOUN
aijbms-111	120	10	of	of	ADP
aijbms-111	120	11	the	the	DET
aijbms-111	120	12	consequences	consequence	NOUN
aijbms-111	120	13	of	of	ADP
aijbms-111	120	14	the	the	DET
aijbms-111	120	15	foreign	foreign	ADJ
aijbms-111	120	16	exchange	exchange	NOUN
aijbms-111	120	17	rate	rate	NOUN
aijbms-111	120	18	reforms	reform	NOUN
aijbms-111	120	19	on	on	ADP
aijbms-111	120	20	the	the	DET
aijbms-111	120	21	performances	performance	NOUN
aijbms-111	120	22	of	of	ADP
aijbms-111	120	23	private	private	ADJ
aijbms-111	120	24	domestic	domestic	ADJ
aijbms-111	120	25	investment	investment	NOUN
aijbms-111	120	26	in	in	ADP
aijbms-111	120	27	nigeria	nigeria	PROPN
aijbms-111	120	28	adopting	adopt	VERB
aijbms-111	120	29	the	the	DET
aijbms-111	120	30	ordinary	ordinary	ADJ
aijbms-111	120	31	least	least	ADJ
aijbms-111	120	32	square	square	ADJ
aijbms-111	120	33	multiple	multiple	ADJ
aijbms-111	120	34	regression	regression	NOUN
aijbms-111	120	35	analytical	analytical	ADJ
aijbms-111	120	36	method	method	NOUN
aijbms-111	120	37	.	.	PUNCT
aijbms-111	121	1	the	the	DET
aijbms-111	121	2	multiple	multiple	ADJ
aijbms-111	121	3	regression	regression	NOUN
aijbms-111	121	4	results	result	NOUN
aijbms-111	121	5	showed	show	VERB
aijbms-111	121	6	a	a	DET
aijbms-111	121	7	significant	significant	ADJ
aijbms-111	121	8	but	but	CCONJ
aijbms-111	121	9	negative	negative	ADJ
aijbms-111	121	10	relationship	relationship	NOUN
aijbms-111	121	11	between	between	ADP
aijbms-111	121	12	floating	float	VERB
aijbms-111	121	13	foreign	foreign	ADJ
aijbms-111	121	14	exchange	exchange	NOUN
aijbms-111	121	15	rate	rate	NOUN
aijbms-111	121	16	and	and	CCONJ
aijbms-111	121	17	private	private	ADJ
aijbms-111	121	18	domestic	domestic	ADJ
aijbms-111	121	19	investment	investment	NOUN
aijbms-111	121	20	in	in	ADP
aijbms-111	121	21	nigeria	nigeria	PROPN
aijbms-111	121	22	.	.	PUNCT
aijbms-111	122	1	the	the	DET
aijbms-111	122	2	findings	finding	NOUN
aijbms-111	122	3	and	and	CCONJ
aijbms-111	122	4	conclusion	conclusion	NOUN
aijbms-111	122	5	of	of	ADP
aijbms-111	122	6	the	the	DET
aijbms-111	122	7	study	study	NOUN
aijbms-111	122	8	support	support	VERB
aijbms-111	122	9	the	the	DET
aijbms-111	122	10	need	need	NOUN
aijbms-111	122	11	for	for	SCONJ
aijbms-111	122	12	the	the	DET
aijbms-111	122	13	government	government	NOUN
aijbms-111	122	14	to	to	PART
aijbms-111	122	15	dump	dump	VERB
aijbms-111	122	16	the	the	DET
aijbms-111	122	17	floating	float	VERB
aijbms-111	122	18	exchange	exchange	NOUN
aijbms-111	122	19	regime	regime	NOUN
aijbms-111	122	20	and	and	CCONJ
aijbms-111	122	21	adopt	adopt	VERB
aijbms-111	122	22	purchasing	purchasing	NOUN
aijbms-111	122	23	power	power	NOUN
aijbms-111	122	24	parity	parity	NOUN
aijbms-111	122	25	which	which	PRON
aijbms-111	122	26	has	have	AUX
aijbms-111	122	27	been	be	AUX
aijbms-111	122	28	considered	consider	VERB
aijbms-111	122	29	by	by	ADP
aijbms-111	122	30	researchers	researcher	NOUN
aijbms-111	122	31	to	to	PART
aijbms-111	122	32	be	be	AUX
aijbms-111	122	33	more	more	ADV
aijbms-111	122	34	appropriate	appropriate	ADJ
aijbms-111	122	35	in	in	ADP
aijbms-111	122	36	determining	determine	VERB
aijbms-111	122	37	realistic	realistic	ADJ
aijbms-111	122	38	exchange	exchange	NOUN
aijbms-111	122	39	rate	rate	NOUN
aijbms-111	122	40	for	for	ADP
aijbms-111	122	41	naira	naira	NOUN
aijbms-111	122	42	and	and	CCONJ
aijbms-111	122	43	contribute	contribute	VERB
aijbms-111	122	44	positively	positively	ADV
aijbms-111	122	45	to	to	ADP
aijbms-111	122	46	macroeconomic	macroeconomic	ADJ
aijbms-111	122	47	performances	performance	NOUN
aijbms-111	122	48	in	in	ADP
aijbms-111	122	49	nigeria	nigeria	PROPN
aijbms-111	122	50	.	.	PUNCT
aijbms-111	123	1	kanagaraj	kanagaraj	PROPN
aijbms-111	123	2	and	and	CCONJ
aijbms-111	123	3	ekta	ekta	PROPN
aijbms-111	123	4	(	(	PUNCT
aijbms-111	123	5	2011	2011	NUM
aijbms-111	123	6	)	)	PUNCT
aijbms-111	123	7	examined	examine	VERB
aijbms-111	123	8	the	the	DET
aijbms-111	123	9	level	level	NOUN
aijbms-111	123	10	of	of	ADP
aijbms-111	123	11	foreign	foreign	ADJ
aijbms-111	123	12	exchange	exchange	NOUN
aijbms-111	123	13	exposure	exposure	NOUN
aijbms-111	123	14	and	and	CCONJ
aijbms-111	123	15	its	its	PRON
aijbms-111	123	16	determinants	determinant	NOUN
aijbms-111	123	17	in	in	ADP
aijbms-111	123	18	indian	indian	ADJ
aijbms-111	123	19	firms	firm	NOUN
aijbms-111	123	20	and	and	CCONJ
aijbms-111	123	21	it	it	PRON
aijbms-111	123	22	was	be	AUX
aijbms-111	123	23	found	find	VERB
aijbms-111	123	24	that	that	SCONJ
aijbms-111	123	25	only	only	ADV
aijbms-111	123	26	16	16	NUM
aijbms-111	123	27	percent	percent	NOUN
aijbms-111	123	28	of	of	ADP
aijbms-111	123	29	the	the	DET
aijbms-111	123	30	firms	firm	NOUN
aijbms-111	123	31	had	have	VERB
aijbms-111	123	32	exchange	exchange	NOUN
aijbms-111	123	33	rate	rate	NOUN
aijbms-111	123	34	exposure	exposure	NOUN
aijbms-111	123	35	at	at	ADP
aijbms-111	123	36	10	10	NUM
aijbms-111	123	37	percent	percent	NOUN
aijbms-111	123	38	level	level	NOUN
aijbms-111	123	39	of	of	ADP
aijbms-111	123	40	significance	significance	NOUN
aijbms-111	123	41	.	.	PUNCT
aijbms-111	124	1	about	about	ADV
aijbms-111	124	2	86	86	NUM
aijbms-111	124	3	percent	percent	NOUN
aijbms-111	124	4	of	of	ADP
aijbms-111	124	5	the	the	DET
aijbms-111	124	6	firms	firm	NOUN
aijbms-111	124	7	are	be	AUX
aijbms-111	124	8	negatively	negatively	ADV
aijbms-111	124	9	affected	affect	VERB
aijbms-111	124	10	by	by	ADP
aijbms-111	124	11	an	an	DET
aijbms-111	124	12	appreciation	appreciation	NOUN
aijbms-111	124	13	of	of	ADP
aijbms-111	124	14	the	the	DET
aijbms-111	124	15	rupee	rupee	NOUN
aijbms-111	124	16	which	which	PRON
aijbms-111	124	17	confirms	confirm	VERB
aijbms-111	124	18	that	that	SCONJ
aijbms-111	124	19	indian	indian	ADJ
aijbms-111	124	20	firms	firm	NOUN
aijbms-111	124	21	are	be	AUX
aijbms-111	124	22	net	net	ADJ
aijbms-111	124	23	exporters	exporter	NOUN
aijbms-111	124	24	.	.	PUNCT
aijbms-111	125	1	on	on	ADP
aijbms-111	125	2	the	the	DET
aijbms-111	125	3	determinants	determinant	NOUN
aijbms-111	125	4	of	of	ADP
aijbms-111	125	5	exchange	exchange	NOUN
aijbms-111	125	6	rate	rate	NOUN
aijbms-111	125	7	exposure	exposure	NOUN
aijbms-111	125	8	,	,	PUNCT
aijbms-111	125	9	the	the	DET
aijbms-111	125	10	study	study	NOUN
aijbms-111	125	11	reveals	reveal	VERB
aijbms-111	125	12	that	that	SCONJ
aijbms-111	125	13	export	export	NOUN
aijbms-111	125	14	ratio	ratio	NOUN
aijbms-111	125	15	is	be	AUX
aijbms-111	125	16	positively	positively	ADV
aijbms-111	125	17	and	and	CCONJ
aijbms-111	125	18	hedging	hedging	NOUN
aijbms-111	125	19	activity	activity	NOUN
aijbms-111	125	20	is	be	AUX
aijbms-111	125	21	negatively	negatively	ADV
aijbms-111	125	22	related	relate	VERB
aijbms-111	125	23	to	to	ADP
aijbms-111	125	24	the	the	DET
aijbms-111	125	25	exchange	exchange	NOUN
aijbms-111	125	26	rate	rate	NOUN
aijbms-111	125	27	exposure	exposure	NOUN
aijbms-111	125	28	of	of	ADP
aijbms-111	125	29	pure	pure	ADJ
aijbms-111	125	30	exporter	exporter	NOUN
aijbms-111	125	31	firms	firm	NOUN
aijbms-111	125	32	.	.	PUNCT
aijbms-111	126	1	nazar	nazar	NOUN
aijbms-111	126	2	and	and	CCONJ
aijbms-111	126	3	bashiri	bashiri	NOUN
aijbms-111	126	4	(	(	PUNCT
aijbms-111	126	5	2012	2012	NUM
aijbms-111	126	6	)	)	PUNCT
aijbms-111	126	7	investigates	investigate	VERB
aijbms-111	126	8	the	the	DET
aijbms-111	126	9	relationship	relationship	NOUN
aijbms-111	126	10	between	between	ADP
aijbms-111	126	11	real	real	ADJ
aijbms-111	126	12	exchange	exchange	NOUN
aijbms-111	126	13	rate	rate	NOUN
aijbms-111	126	14	uncertainty	uncertainty	NOUN
aijbms-111	126	15	and	and	CCONJ
aijbms-111	126	16	private	private	ADJ
aijbms-111	126	17	investment	investment	NOUN
aijbms-111	126	18	in	in	ADP
aijbms-111	126	19	iran	iran	PROPN
aijbms-111	126	20	for	for	ADP
aijbms-111	126	21	the	the	DET
aijbms-111	126	22	period	period	NOUN
aijbms-111	126	23	of	of	ADP
aijbms-111	126	24	1988	1988	NUM
aijbms-111	126	25	to	to	ADP
aijbms-111	126	26	2008	2008	NUM
aijbms-111	126	27	by	by	ADP
aijbms-111	126	28	using	use	VERB
aijbms-111	126	29	quarterly	quarterly	ADJ
aijbms-111	126	30	data	datum	NOUN
aijbms-111	126	31	and	and	CCONJ
aijbms-111	126	32	applying	apply	VERB
aijbms-111	126	33	bivariate	bivariate	ADJ
aijbms-111	126	34	generalized	generalized	ADJ
aijbms-111	126	35	autoregressive	autoregressive	ADJ
aijbms-111	126	36	conditional	conditional	ADJ
aijbms-111	126	37	heteroskedasticity	heteroskedasticity	NOUN
aijbms-111	126	38	(	(	PUNCT
aijbms-111	126	39	bivariate	bivariate	ADJ
aijbms-111	126	40	garch	garch	NOUN
aijbms-111	126	41	)	)	PUNCT
aijbms-111	126	42	model	model	NOUN
aijbms-111	126	43	in	in	ADP
aijbms-111	126	44	the	the	DET
aijbms-111	126	45	iranian	iranian	ADJ
aijbms-111	126	46	economy	economy	NOUN
aijbms-111	126	47	.	.	PUNCT
aijbms-111	127	1	the	the	DET
aijbms-111	127	2	study	study	NOUN
aijbms-111	127	3	reveal	reveal	VERB
aijbms-111	127	4	that	that	SCONJ
aijbms-111	127	5	real	real	ADJ
aijbms-111	127	6	exchange	exchange	NOUN
aijbms-111	127	7	rate	rate	NOUN
aijbms-111	127	8	uncertainty	uncertainty	NOUN
aijbms-111	127	9	significantly	significantly	ADV
aijbms-111	127	10	influences	influence	VERB
aijbms-111	127	11	private	private	ADJ
aijbms-111	127	12	investment	investment	NOUN
aijbms-111	127	13	and	and	CCONJ
aijbms-111	127	14	has	have	VERB
aijbms-111	127	15	a	a	DET
aijbms-111	127	16	negative	negative	ADJ
aijbms-111	127	17	effect	effect	NOUN
aijbms-111	127	18	on	on	ADP
aijbms-111	127	19	it	it	PRON
aijbms-111	127	20	and	and	CCONJ
aijbms-111	127	21	that	that	SCONJ
aijbms-111	127	22	private	private	ADJ
aijbms-111	127	23	investment	investment	NOUN
aijbms-111	127	24	uncertainty	uncertainty	NOUN
aijbms-111	127	25	affects	affect	VERB
aijbms-111	127	26	the	the	DET
aijbms-111	127	27	level	level	NOUN
aijbms-111	127	28	of	of	ADP
aijbms-111	127	29	private	private	ADJ
aijbms-111	127	30	investment	investment	NOUN
aijbms-111	127	31	,	,	PUNCT
aijbms-111	127	32	negatively	negatively	ADV
aijbms-111	127	33	.	.	PUNCT
aijbms-111	128	1	lucky	lucky	ADJ
aijbms-111	128	2	and	and	CCONJ
aijbms-111	128	3	kingsley	kingsley	PROPN
aijbms-111	128	4	(	(	PUNCT
aijbms-111	128	5	2016	2016	NUM
aijbms-111	128	6	)	)	PUNCT
aijbms-111	128	7	examined	examine	VERB
aijbms-111	128	8	factors	factor	NOUN
aijbms-111	128	9	that	that	PRON
aijbms-111	128	10	determine	determine	VERB
aijbms-111	128	11	nigerian	nigerian	ADJ
aijbms-111	128	12	capital	capital	NOUN
aijbms-111	128	13	formation	formation	NOUN
aijbms-111	128	14	.	.	PUNCT
aijbms-111	129	1	the	the	DET
aijbms-111	129	2	objective	objective	NOUN
aijbms-111	129	3	was	be	AUX
aijbms-111	129	4	to	to	PART
aijbms-111	129	5	test	test	VERB
aijbms-111	129	6	jhingans	jhingan	NOUN
aijbms-111	129	7	propositions	proposition	NOUN
aijbms-111	129	8	for	for	ADP
aijbms-111	129	9	sources	source	NOUN
aijbms-111	129	10	of	of	ADP
aijbms-111	129	11	capital	capital	NOUN
aijbms-111	129	12	formation	formation	NOUN
aijbms-111	129	13	in	in	ADP
aijbms-111	129	14	nigeria	nigeria	PROPN
aijbms-111	129	15	.	.	PUNCT
aijbms-111	130	1	time	time	PROPN
aijbms-111	130	2	series	series	PROPN
aijbms-111	130	3	data	datum	NOUN
aijbms-111	130	4	were	be	AUX
aijbms-111	130	5	sourced	source	VERB
aijbms-111	130	6	from	from	ADP
aijbms-111	130	7	central	central	ADJ
aijbms-111	130	8	bank	bank	PROPN
aijbms-111	130	9	of	of	ADP
aijbms-111	130	10	nigeria	nigeria	PROPN
aijbms-111	130	11	(	(	PUNCT
aijbms-111	130	12	cbn	cbn	PROPN
aijbms-111	130	13	)	)	PUNCT
aijbms-111	130	14	statistical	statistical	ADJ
aijbms-111	130	15	bulletin	bulletin	NOUN
aijbms-111	130	16	.	.	PUNCT
aijbms-111	131	1	nigerian	nigerian	ADJ
aijbms-111	131	2	gross	gross	ADJ
aijbms-111	131	3	fixed	fix	VERB
aijbms-111	131	4	capital	capital	NOUN
aijbms-111	131	5	formation	formation	NOUN
aijbms-111	131	6	(	(	PUNCT
aijbms-111	131	7	gfcg	gfcg	PROPN
aijbms-111	131	8	/	/	SYM
aijbms-111	131	9	gdp	gdp	NOUN
aijbms-111	131	10	)	)	PUNCT
aijbms-111	131	11	was	be	AUX
aijbms-111	131	12	modeled	model	VERB
aijbms-111	131	13	as	as	ADP
aijbms-111	131	14	the	the	DET
aijbms-111	131	15	function	function	NOUN
aijbms-111	131	16	of	of	ADP
aijbms-111	131	17	broad	broad	ADJ
aijbms-111	131	18	supply	supply	NOUN
aijbms-111	131	19	(	(	PUNCT
aijbms-111	131	20	m2	m2	PROPN
aijbms-111	131	21	/	/	SYM
aijbms-111	131	22	gdp	gdp	PROPN
aijbms-111	131	23	)	)	PUNCT
aijbms-111	131	24	,	,	PUNCT
aijbms-111	131	25	credit	credit	NOUN
aijbms-111	131	26	to	to	ADP
aijbms-111	131	27	private	private	ADJ
aijbms-111	131	28	sector	sector	NOUN
aijbms-111	131	29	(	(	PUNCT
aijbms-111	131	30	cps	cps	PROPN
aijbms-111	131	31	/	/	SYM
aijbms-111	131	32	gdp	gdp	NOUN
aijbms-111	131	33	)	)	PUNCT
aijbms-111	131	34	,	,	PUNCT
aijbms-111	131	35	gross	gross	ADJ
aijbms-111	131	36	national	national	ADJ
aijbms-111	131	37	savings	saving	NOUN
aijbms-111	131	38	(	(	PUNCT
aijbms-111	131	39	gns	gns	PROPN
aijbms-111	131	40	/	/	SYM
aijbms-111	131	41	gdp	gdp	NOUN
aijbms-111	131	42	)	)	PUNCT
aijbms-111	131	43	,	,	PUNCT
aijbms-111	131	44	commercial	commercial	ADJ
aijbms-111	131	45	banks	bank	NOUN
aijbms-111	131	46	lending	lending	NOUN
aijbms-111	131	47	rate	rate	NOUN
aijbms-111	131	48	,	,	PUNCT
aijbms-111	131	49	exchange	exchange	NOUN
aijbms-111	131	50	rate	rate	NOUN
aijbms-111	131	51	(	(	PUNCT
aijbms-111	131	52	exr	exr	PROPN
aijbms-111	131	53	)	)	PUNCT
aijbms-111	131	54	,	,	PUNCT
aijbms-111	131	55	inflation	inflation	NOUN
aijbms-111	131	56	rate	rate	NOUN
aijbms-111	131	57	(	(	PUNCT
aijbms-111	131	58	infr	infr	PROPN
aijbms-111	131	59	)	)	PUNCT
aijbms-111	131	60	,	,	PUNCT
aijbms-111	131	61	external	external	ADJ
aijbms-111	131	62	debt	debt	NOUN
aijbms-111	131	63	(	(	PUNCT
aijbms-111	131	64	extd	extd	PROPN
aijbms-111	131	65	/	/	SYM
aijbms-111	131	66	gdp	gdp	NOUN
aijbms-111	131	67	)	)	PUNCT
aijbms-111	131	68	,	,	PUNCT
aijbms-111	131	69	public	public	ADJ
aijbms-111	131	70	expenditure	expenditure	NOUN
aijbms-111	131	71	(	(	PUNCT
aijbms-111	131	72	pex	pex	PROPN
aijbms-111	131	73	/	/	SYM
aijbms-111	131	74	gdp	gdp	PROPN
aijbms-111	131	75	)	)	PUNCT
aijbms-111	131	76	,	,	PUNCT
aijbms-111	131	77	government	government	NOUN
aijbms-111	131	78	revenue	revenue	NOUN
aijbms-111	131	79	(	(	PUNCT
aijbms-111	131	80	gr	gr	PROPN
aijbms-111	131	81	/	/	SYM
aijbms-111	131	82	gdp	gdp	NOUN
aijbms-111	131	83	)	)	PUNCT
aijbms-111	131	84	,	,	PUNCT
aijbms-111	131	85	terms	term	NOUN
aijbms-111	131	86	of	of	ADP
aijbms-111	131	87	trade	trade	NOUN
aijbms-111	131	88	(	(	PUNCT
aijbms-111	131	89	tt	tt	PROPN
aijbms-111	131	90	/	/	SYM
aijbms-111	131	91	gdp	gdp	PROPN
aijbms-111	131	92	)	)	PUNCT
aijbms-111	131	93	and	and	CCONJ
aijbms-111	131	94	operating	operating	NOUN
aijbms-111	131	95	surplus	surplus	NOUN
aijbms-111	131	96	(	(	PUNCT
aijbms-111	131	97	ops	op	NOUN
aijbms-111	131	98	/	/	SYM
aijbms-111	131	99	gdp	gdp	NOUN
aijbms-111	131	100	)	)	PUNCT
aijbms-111	131	101	.	.	PUNCT
aijbms-111	132	1	cointegration	cointegration	NOUN
aijbms-111	132	2	test	test	NOUN
aijbms-111	132	3	,	,	PUNCT
aijbms-111	132	4	augmented	augment	VERB
aijbms-111	132	5	dickey	dickey	PROPN
aijbms-111	132	6	fuller	full	ADJ
aijbms-111	132	7	unit	unit	NOUN
aijbms-111	132	8	root	root	PROPN
aijbms-111	132	9	test	test	NOUN
aijbms-111	132	10	,	,	PUNCT
aijbms-111	132	11	granger	granger	PROPN
aijbms-111	132	12	causality	causality	PROPN
aijbms-111	132	13	test	test	NOUN
aijbms-111	132	14	and	and	CCONJ
aijbms-111	132	15	vector	vector	NOUN
aijbms-111	132	16	error	error	NOUN
aijbms-111	132	17	correction	correction	NOUN
aijbms-111	132	18	model	model	NOUN
aijbms-111	132	19	were	be	AUX
aijbms-111	132	20	used	use	VERB
aijbms-111	132	21	to	to	PART
aijbms-111	132	22	test	test	VERB
aijbms-111	132	23	the	the	DET
aijbms-111	132	24	dynamic	dynamic	ADJ
aijbms-111	132	25	relationship	relationship	NOUN
aijbms-111	132	26	between	between	ADP
aijbms-111	132	27	the	the	DET
aijbms-111	132	28	variables	variable	NOUN
aijbms-111	132	29	.	.	PUNCT
aijbms-111	133	1	findings	finding	NOUN
aijbms-111	133	2	proved	prove	VERB
aijbms-111	133	3	that	that	SCONJ
aijbms-111	133	4	m2	m2	PROPN
aijbms-111	133	5	/	/	SYM
aijbms-111	133	6	gdp	gdp	PROPN
aijbms-111	133	7	,	,	PUNCT
aijbms-111	133	8	gns	gns	PROPN
aijbms-111	133	9	/	/	SYM
aijbms-111	133	10	gdp	gdp	NOUN
aijbms-111	133	11	,	,	PUNCT
aijbms-111	133	12	exr	exr	PROPN
aijbms-111	133	13	,	,	PUNCT
aijbms-111	133	14	extd	extd	PROPN
aijbms-111	133	15	/	/	SYM
aijbms-111	133	16	gdp	gdp	PROPN
aijbms-111	133	17	,	,	PUNCT
aijbms-111	133	18	tt	tt	PROPN
aijbms-111	133	19	/	/	SYM
aijbms-111	133	20	gdp	gdp	NOUN
aijbms-111	133	21	have	have	VERB
aijbms-111	133	22	negative	negative	ADJ
aijbms-111	133	23	and	and	CCONJ
aijbms-111	133	24	insignificant	insignificant	ADJ
aijbms-111	133	25	effect	effect	NOUN
aijbms-111	133	26	on	on	ADP
aijbms-111	133	27	capital	capital	NOUN
aijbms-111	133	28	formation	formation	NOUN
aijbms-111	133	29	while	while	SCONJ
aijbms-111	133	30	cps	cps	PROPN
aijbms-111	133	31	/	/	SYM
aijbms-111	133	32	gdp	gdp	PROPN
aijbms-111	133	33	,	,	PUNCT
aijbms-111	133	34	lr	lr	PROPN
aijbms-111	133	35	,	,	PUNCT
aijbms-111	133	36	infr	infr	PROPN
aijbms-111	133	37	,	,	PUNCT
aijbms-111	133	38	pex	pex	PROPN
aijbms-111	133	39	/	/	SYM
aijbms-111	133	40	gdp	gdp	PROPN
aijbms-111	133	41	,	,	PUNCT
aijbms-111	133	42	gr	gr	PROPN
aijbms-111	133	43	/	/	SYM
aijbms-111	133	44	gdp	gdp	NOUN
aijbms-111	133	45	and	and	CCONJ
aijbms-111	133	46	ops	op	NOUN
aijbms-111	133	47	/	/	SYM
aijbms-111	133	48	gdp	gdp	NOUN
aijbms-111	133	49	have	have	VERB
aijbms-111	133	50	positive	positive	ADJ
aijbms-111	133	51	and	and	CCONJ
aijbms-111	133	52	insignificant	insignificant	ADJ
aijbms-111	133	53	effect	effect	NOUN
aijbms-111	133	54	.	.	PUNCT
aijbms-111	134	1	the	the	DET
aijbms-111	134	2	model	model	NOUN
aijbms-111	134	3	summary	summary	NOUN
aijbms-111	134	4	revealed	reveal	VERB
aijbms-111	134	5	86.0	86.0	NUM
aijbms-111	134	6	%	%	NOUN
aijbms-111	134	7	explained	explain	VERB
aijbms-111	134	8	variation	variation	NOUN
aijbms-111	134	9	and	and	CCONJ
aijbms-111	134	10	f	f	X
aijbms-111	134	11	-	-	PUNCT
aijbms-111	134	12	statistics	statistic	NOUN
aijbms-111	134	13	12.38458	12.38458	NUM
aijbms-111	134	14	probability	probability	NOUN
aijbms-111	134	15	of	of	ADP
aijbms-111	134	16	0.000004	0.000004	NUM
aijbms-111	134	17	.	.	PUNCT
aijbms-111	135	1	the	the	DET
aijbms-111	135	2	study	study	NOUN
aijbms-111	135	3	concludes	conclude	VERB
aijbms-111	135	4	that	that	SCONJ
aijbms-111	135	5	the	the	DET
aijbms-111	135	6	variables	variable	NOUN
aijbms-111	135	7	have	have	VERB
aijbms-111	135	8	significant	significant	ADJ
aijbms-111	135	9	impact	impact	NOUN
aijbms-111	135	10	on	on	ADP
aijbms-111	135	11	nigerian	nigerian	ADJ
aijbms-111	135	12	gross	gross	ADJ
aijbms-111	135	13	fixed	fix	VERB
aijbms-111	135	14	capital	capital	NOUN
aijbms-111	135	15	formation	formation	NOUN
aijbms-111	135	16	and	and	CCONJ
aijbms-111	135	17	confirm	confirm	VERB
aijbms-111	135	18	the	the	DET
aijbms-111	135	19	jhingan	jhingan	NOUN
aijbms-111	135	20	’s	’s	PART
aijbms-111	135	21	proposition	proposition	NOUN
aijbms-111	135	22	.	.	PUNCT
aijbms-111	136	1	adelowokan	adelowokan	PROPN
aijbms-111	136	2	adesoye	adesoye	NOUN
aijbms-111	136	3	&	&	CCONJ
aijbms-111	136	4	balogun	balogun	VERB
aijbms-111	136	5	(	(	PUNCT
aijbms-111	136	6	2015	2015	NUM
aijbms-111	136	7	)	)	PUNCT
aijbms-111	136	8	examines	examine	VERB
aijbms-111	136	9	the	the	DET
aijbms-111	136	10	effect	effect	NOUN
aijbms-111	136	11	of	of	ADP
aijbms-111	136	12	exchange	exchange	NOUN
aijbms-111	136	13	rate	rate	NOUN
aijbms-111	136	14	volatility	volatility	NOUN
aijbms-111	136	15	on	on	ADP
aijbms-111	136	16	investment	investment	NOUN
aijbms-111	136	17	and	and	CCONJ
aijbms-111	136	18	growth	growth	NOUN
aijbms-111	136	19	in	in	ADP
aijbms-111	136	20	nigeria	nigeria	PROPN
aijbms-111	136	21	over	over	ADP
aijbms-111	136	22	the	the	DET
aijbms-111	136	23	period	period	NOUN
aijbms-111	136	24	of	of	ADP
aijbms-111	136	25	1986	1986	NUM
aijbms-111	136	26	to	to	ADP
aijbms-111	136	27	2014	2014	NUM
aijbms-111	136	28	.	.	PUNCT
aijbms-111	137	1	the	the	DET
aijbms-111	137	2	vector	vector	NOUN
aijbms-111	137	3	error	error	NOUN
aijbms-111	137	4	correction	correction	NOUN
aijbms-111	137	5	method	method	NOUN
aijbms-111	137	6	,	,	PUNCT
aijbms-111	137	7	impulse	impulse	ADJ
aijbms-111	137	8	responses	response	NOUN
aijbms-111	137	9	function	function	NOUN
aijbms-111	137	10	,	,	PUNCT
aijbms-111	137	11	cointegration	cointegration	NOUN
aijbms-111	137	12	and	and	CCONJ
aijbms-111	137	13	augmented	augment	VERB
aijbms-111	137	14	dickey	dickey	PROPN
aijbms-111	137	15	fuller	full	ADJ
aijbms-111	137	16	(	(	PUNCT
aijbms-111	137	17	adf	adf	NOUN
aijbms-111	137	18	)	)	PUNCT
aijbms-111	137	19	test	test	NOUN
aijbms-111	137	20	for	for	ADP
aijbms-111	137	21	stationarity	stationarity	NOUN
aijbms-111	137	22	were	be	AUX
aijbms-111	137	23	employed	employ	VERB
aijbms-111	137	24	to	to	PART
aijbms-111	137	25	capture	capture	VERB
aijbms-111	137	26	the	the	DET
aijbms-111	137	27	interactions	interaction	NOUN
aijbms-111	137	28	between	between	ADP
aijbms-111	137	29	the	the	DET
aijbms-111	137	30	variables	variable	NOUN
aijbms-111	137	31	.	.	PUNCT
aijbms-111	138	1	the	the	DET
aijbms-111	138	2	results	result	NOUN
aijbms-111	138	3	confirm	confirm	VERB
aijbms-111	138	4	the	the	DET
aijbms-111	138	5	existence	existence	NOUN
aijbms-111	138	6	of	of	ADP
aijbms-111	138	7	long	long	ADJ
aijbms-111	138	8	run	run	NOUN
aijbms-111	138	9	relationship	relationship	NOUN
aijbms-111	138	10	between	between	ADP
aijbms-111	138	11	exchange	exchange	NOUN
aijbms-111	138	12	rate	rate	NOUN
aijbms-111	138	13	,	,	PUNCT
aijbms-111	138	14	investment	investment	NOUN
aijbms-111	138	15	,	,	PUNCT
aijbms-111	138	16	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	NOUN
aijbms-111	138	17	american	american	PROPN
aijbms-111	138	18	international	international	PROPN
aijbms-111	138	19	journal	journal	PROPN
aijbms-111	138	20	of	of	ADP
aijbms-111	138	21	business	business	NOUN
aijbms-111	138	22	and	and	CCONJ
aijbms-111	138	23	management	management	NOUN
aijbms-111	138	24	studies	study	NOUN
aijbms-111	138	25	vol	vol	NOUN
aijbms-111	138	26	.	.	PROPN
aijbms-111	139	1	1	1	NUM
aijbms-111	139	2	,	,	PUNCT
aijbms-111	139	3	no	no	INTJ
aijbms-111	139	4	.	.	NOUN
aijbms-111	139	5	1	1	NUM
aijbms-111	139	6	;	;	PUNCT
aijbms-111	139	7	2019	2019	NUM
aijbms-111	139	8	25	25	NUM
aijbms-111	139	9	interest	interest	NOUN
aijbms-111	139	10	rate	rate	NOUN
aijbms-111	139	11	,	,	PUNCT
aijbms-111	139	12	inflation	inflation	NOUN
aijbms-111	139	13	and	and	CCONJ
aijbms-111	139	14	growth	growth	NOUN
aijbms-111	139	15	.	.	PUNCT
aijbms-111	140	1	finally	finally	ADV
aijbms-111	140	2	the	the	DET
aijbms-111	140	3	results	result	NOUN
aijbms-111	140	4	show	show	VERB
aijbms-111	140	5	that	that	SCONJ
aijbms-111	140	6	exchange	exchange	NOUN
aijbms-111	140	7	rate	rate	NOUN
aijbms-111	140	8	volatility	volatility	NOUN
aijbms-111	140	9	has	have	VERB
aijbms-111	140	10	a	a	DET
aijbms-111	140	11	negative	negative	ADJ
aijbms-111	140	12	effect	effect	NOUN
aijbms-111	140	13	with	with	ADP
aijbms-111	140	14	investment	investment	NOUN
aijbms-111	140	15	and	and	CCONJ
aijbms-111	140	16	growth	growth	NOUN
aijbms-111	140	17	while	while	SCONJ
aijbms-111	140	18	exchange	exchange	NOUN
aijbms-111	140	19	rate	rate	NOUN
aijbms-111	140	20	volatility	volatility	NOUN
aijbms-111	140	21	has	have	VERB
aijbms-111	140	22	a	a	DET
aijbms-111	140	23	positive	positive	ADJ
aijbms-111	140	24	relationship	relationship	NOUN
aijbms-111	140	25	with	with	ADP
aijbms-111	140	26	inflation	inflation	NOUN
aijbms-111	140	27	and	and	CCONJ
aijbms-111	140	28	interest	interest	NOUN
aijbms-111	140	29	rate	rate	NOUN
aijbms-111	140	30	in	in	ADP
aijbms-111	140	31	nigeria	nigeria	PROPN
aijbms-111	140	32	.	.	PUNCT
aijbms-111	141	1	chowdhry	chowdhry	PROPN
aijbms-111	141	2	and	and	CCONJ
aijbms-111	141	3	wheeler	wheeler	NOUN
aijbms-111	141	4	(	(	PUNCT
aijbms-111	141	5	2008	2008	NUM
aijbms-111	141	6	)	)	PUNCT
aijbms-111	141	7	in	in	ADP
aijbms-111	141	8	an	an	DET
aijbms-111	141	9	empirical	empirical	ADJ
aijbms-111	141	10	analysis	analysis	NOUN
aijbms-111	141	11	studied	study	VERB
aijbms-111	141	12	the	the	DET
aijbms-111	141	13	relationship	relationship	NOUN
aijbms-111	141	14	between	between	ADP
aijbms-111	141	15	volatility	volatility	NOUN
aijbms-111	141	16	of	of	ADP
aijbms-111	141	17	exchange	exchange	NOUN
aijbms-111	141	18	rate	rate	NOUN
aijbms-111	141	19	for	for	ADP
aijbms-111	141	20	the	the	DET
aijbms-111	141	21	four	four	NUM
aijbms-111	141	22	developed	develop	VERB
aijbms-111	141	23	countries	country	NOUN
aijbms-111	141	24	of	of	ADP
aijbms-111	141	25	canada	canada	PROPN
aijbms-111	141	26	,	,	PUNCT
aijbms-111	141	27	japan	japan	PROPN
aijbms-111	141	28	,	,	PUNCT
aijbms-111	141	29	united	united	PROPN
aijbms-111	141	30	state	state	PROPN
aijbms-111	141	31	and	and	CCONJ
aijbms-111	141	32	united	united	ADJ
aijbms-111	141	33	kingdom	kingdom	PROPN
aijbms-111	141	34	.	.	PUNCT
aijbms-111	142	1	using	use	VERB
aijbms-111	142	2	a	a	DET
aijbms-111	142	3	number	number	NOUN
aijbms-111	142	4	of	of	ADP
aijbms-111	142	5	variables	variable	NOUN
aijbms-111	142	6	this	this	DET
aijbms-111	142	7	study	study	NOUN
aijbms-111	142	8	applied	apply	VERB
aijbms-111	142	9	vector	vector	NOUN
aijbms-111	142	10	auto	auto	NOUN
aijbms-111	142	11	regressive	regressive	ADJ
aijbms-111	142	12	(	(	PUNCT
aijbms-111	142	13	var	var	NOUN
aijbms-111	142	14	)	)	PUNCT
aijbms-111	142	15	approach	approach	NOUN
aijbms-111	142	16	and	and	CCONJ
aijbms-111	142	17	found	find	VERB
aijbms-111	142	18	that	that	SCONJ
aijbms-111	142	19	shocks	shock	NOUN
aijbms-111	142	20	to	to	PART
aijbms-111	142	21	exchange	exchange	VERB
aijbms-111	142	22	rate	rate	NOUN
aijbms-111	142	23	volatility	volatility	NOUN
aijbms-111	142	24	have	have	VERB
aijbms-111	142	25	positive	positive	ADJ
aijbms-111	142	26	and	and	CCONJ
aijbms-111	142	27	significant	significant	ADJ
aijbms-111	142	28	impact	impact	NOUN
aijbms-111	142	29	on	on	ADP
aijbms-111	142	30	flow	flow	NOUN
aijbms-111	142	31	of	of	ADP
aijbms-111	142	32	fdi	fdi	PROPN
aijbms-111	142	33	.	.	PUNCT
aijbms-111	143	1	akeju	akeju	PROPN
aijbms-111	143	2	(	(	PUNCT
aijbms-111	143	3	2014	2014	NUM
aijbms-111	143	4	)	)	PUNCT
aijbms-111	143	5	examined	examine	VERB
aijbms-111	143	6	the	the	DET
aijbms-111	143	7	impact	impact	NOUN
aijbms-111	143	8	of	of	ADP
aijbms-111	143	9	real	real	ADJ
aijbms-111	143	10	exchange	exchange	NOUN
aijbms-111	143	11	rate	rate	NOUN
aijbms-111	143	12	on	on	ADP
aijbms-111	143	13	terms	term	NOUN
aijbms-111	143	14	of	of	ADP
aijbms-111	143	15	trade	trade	NOUN
aijbms-111	143	16	and	and	CCONJ
aijbms-111	143	17	economic	economic	ADJ
aijbms-111	143	18	growth	growth	NOUN
aijbms-111	143	19	which	which	PRON
aijbms-111	143	20	relies	rely	VERB
aijbms-111	143	21	on	on	ADP
aijbms-111	143	22	cointegration	cointegration	NOUN
aijbms-111	143	23	techniques	technique	NOUN
aijbms-111	143	24	and	and	CCONJ
aijbms-111	143	25	error	error	NOUN
aijbms-111	143	26	correction	correction	NOUN
aijbms-111	143	27	model	model	NOUN
aijbms-111	143	28	using	use	VERB
aijbms-111	143	29	annual	annual	ADJ
aijbms-111	143	30	data	datum	NOUN
aijbms-111	143	31	covering	cover	VERB
aijbms-111	143	32	from	from	ADP
aijbms-111	143	33	1980	1980	NUM
aijbms-111	143	34	-	-	SYM
aijbms-111	143	35	2012	2012	NUM
aijbms-111	143	36	.	.	PUNCT
aijbms-111	144	1	it	it	PRON
aijbms-111	144	2	was	be	AUX
aijbms-111	144	3	revealed	reveal	VERB
aijbms-111	144	4	that	that	SCONJ
aijbms-111	144	5	a	a	DET
aijbms-111	144	6	real	real	ADJ
aijbms-111	144	7	exchange	exchange	NOUN
aijbms-111	144	8	rate	rate	NOUN
aijbms-111	144	9	moves	move	NOUN
aijbms-111	144	10	along	along	ADP
aijbms-111	144	11	the	the	DET
aijbms-111	144	12	same	same	ADJ
aijbms-111	144	13	direction	direction	NOUN
aijbms-111	144	14	with	with	ADP
aijbms-111	144	15	terms	term	NOUN
aijbms-111	144	16	of	of	ADP
aijbms-111	144	17	trade	trade	NOUN
aijbms-111	144	18	in	in	ADP
aijbms-111	144	19	the	the	DET
aijbms-111	144	20	long	long	ADJ
aijbms-111	144	21	run	run	NOUN
aijbms-111	144	22	.	.	PUNCT
aijbms-111	145	1	rasaq	rasaq	NOUN
aijbms-111	145	2	(	(	PUNCT
aijbms-111	145	3	2013	2013	NUM
aijbms-111	145	4	)	)	PUNCT
aijbms-111	145	5	examined	examine	VERB
aijbms-111	145	6	the	the	DET
aijbms-111	145	7	impact	impact	NOUN
aijbms-111	145	8	of	of	ADP
aijbms-111	145	9	exchange	exchange	NOUN
aijbms-111	145	10	rate	rate	NOUN
aijbms-111	145	11	volatility	volatility	NOUN
aijbms-111	145	12	on	on	ADP
aijbms-111	145	13	the	the	DET
aijbms-111	145	14	macro	macro	ADJ
aijbms-111	145	15	economic	economic	ADJ
aijbms-111	145	16	variables	variable	NOUN
aijbms-111	145	17	in	in	ADP
aijbms-111	145	18	nigeria	nigeria	PROPN
aijbms-111	145	19	and	and	CCONJ
aijbms-111	145	20	findings	finding	NOUN
aijbms-111	145	21	shows	show	VERB
aijbms-111	145	22	that	that	SCONJ
aijbms-111	145	23	exchange	exchange	NOUN
aijbms-111	145	24	rate	rate	NOUN
aijbms-111	145	25	volatility	volatility	NOUN
aijbms-111	145	26	has	have	VERB
aijbms-111	145	27	a	a	DET
aijbms-111	145	28	positive	positive	ADJ
aijbms-111	145	29	influence	influence	NOUN
aijbms-111	145	30	on	on	ADP
aijbms-111	145	31	gdp	gdp	PROPN
aijbms-111	145	32	,	,	PUNCT
aijbms-111	145	33	fdi	fdi	NOUN
aijbms-111	145	34	and	and	CCONJ
aijbms-111	145	35	trade	trade	NOUN
aijbms-111	145	36	openness	openness	NOUN
aijbms-111	145	37	with	with	ADP
aijbms-111	145	38	a	a	DET
aijbms-111	145	39	negative	negative	ADJ
aijbms-111	145	40	influence	influence	NOUN
aijbms-111	145	41	on	on	ADP
aijbms-111	145	42	the	the	DET
aijbms-111	145	43	inflationary	inflationary	ADJ
aijbms-111	145	44	rate	rate	NOUN
aijbms-111	145	45	in	in	ADP
aijbms-111	145	46	the	the	DET
aijbms-111	145	47	country	country	NOUN
aijbms-111	145	48	.	.	PUNCT
aijbms-111	146	1	ndikumana	ndikumana	PROPN
aijbms-111	146	2	(	(	PUNCT
aijbms-111	146	3	2014	2014	NUM
aijbms-111	146	4	)	)	PUNCT
aijbms-111	146	5	searched	search	VERB
aijbms-111	146	6	the	the	DET
aijbms-111	146	7	implications	implication	NOUN
aijbms-111	146	8	of	of	ADP
aijbms-111	146	9	monetary	monetary	ADJ
aijbms-111	146	10	policy	policy	NOUN
aijbms-111	146	11	for	for	ADP
aijbms-111	146	12	domestic	domestic	ADJ
aijbms-111	146	13	investment	investment	NOUN
aijbms-111	146	14	through	through	ADP
aijbms-111	146	15	its	its	PRON
aijbms-111	146	16	impacts	impact	NOUN
aijbms-111	146	17	on	on	ADP
aijbms-111	146	18	bank	bank	NOUN
aijbms-111	146	19	lending	lending	NOUN
aijbms-111	146	20	to	to	ADP
aijbms-111	146	21	the	the	DET
aijbms-111	146	22	private	private	ADJ
aijbms-111	146	23	sector	sector	NOUN
aijbms-111	146	24	and	and	CCONJ
aijbms-111	146	25	interest	interest	NOUN
aijbms-111	146	26	rates	rate	NOUN
aijbms-111	146	27	in	in	ADP
aijbms-111	146	28	subsaharan	subsaharan	ADJ
aijbms-111	146	29	african	african	ADJ
aijbms-111	146	30	countries	country	NOUN
aijbms-111	146	31	,	,	PUNCT
aijbms-111	146	32	the	the	DET
aijbms-111	146	33	study	study	NOUN
aijbms-111	146	34	based	base	VERB
aijbms-111	146	35	on	on	ADP
aijbms-111	146	36	a	a	DET
aijbms-111	146	37	sample	sample	NOUN
aijbms-111	146	38	of	of	ADP
aijbms-111	146	39	37	37	NUM
aijbms-111	146	40	sub	sub	ADJ
aijbms-111	146	41	-	-	ADJ
aijbms-111	146	42	saharan	saharan	ADJ
aijbms-111	146	43	african	african	ADJ
aijbms-111	146	44	countries	country	NOUN
aijbms-111	146	45	over	over	ADP
aijbms-111	146	46	1980	1980	NUM
aijbms-111	146	47	-	-	SYM
aijbms-111	146	48	2012	2012	NUM
aijbms-111	146	49	,	,	PUNCT
aijbms-111	146	50	the	the	DET
aijbms-111	146	51	study	study	NOUN
aijbms-111	146	52	found	find	VERB
aijbms-111	146	53	that	that	SCONJ
aijbms-111	146	54	monetary	monetary	ADJ
aijbms-111	146	55	policy	policy	NOUN
aijbms-111	146	56	affects	affect	VERB
aijbms-111	146	57	domestic	domestic	ADJ
aijbms-111	146	58	investment	investment	NOUN
aijbms-111	146	59	negatively	negatively	ADV
aijbms-111	146	60	indirectly	indirectly	ADV
aijbms-111	146	61	through	through	ADP
aijbms-111	146	62	the	the	DET
aijbms-111	146	63	bank	bank	NOUN
aijbms-111	146	64	lending	lending	NOUN
aijbms-111	146	65	or	or	CCONJ
aijbms-111	146	66	quantity	quantity	NOUN
aijbms-111	146	67	channel	channel	NOUN
aijbms-111	146	68	,	,	PUNCT
aijbms-111	146	69	as	as	ADV
aijbms-111	146	70	well	well	ADV
aijbms-111	146	71	as	as	ADP
aijbms-111	146	72	directly	directly	ADV
aijbms-111	146	73	through	through	ADP
aijbms-111	146	74	the	the	DET
aijbms-111	146	75	interest	interest	NOUN
aijbms-111	146	76	rate	rate	NOUN
aijbms-111	146	77	or	or	CCONJ
aijbms-111	146	78	cost	cost	NOUN
aijbms-111	146	79	of	of	ADP
aijbms-111	146	80	capital	capital	NOUN
aijbms-111	146	81	channel	channel	NOUN
aijbms-111	146	82	.	.	PUNCT
aijbms-111	147	1	zulkefly	zulkefly	PROPN
aijbms-111	147	2	abdul	abdul	PROPN
aijbms-111	147	3	karim	karim	PROPN
aijbms-111	147	4	(	(	PUNCT
aijbms-111	147	5	2010	2010	NUM
aijbms-111	147	6	)	)	PUNCT
aijbms-111	147	7	searched	search	VERB
aijbms-111	147	8	the	the	DET
aijbms-111	147	9	impacts	impact	NOUN
aijbms-111	147	10	of	of	ADP
aijbms-111	147	11	monetary	monetary	ADJ
aijbms-111	147	12	policy	policy	NOUN
aijbms-111	147	13	on	on	ADP
aijbms-111	147	14	institutions‟	institutions‟	PROPN
aijbms-111	147	15	investment	investment	NOUN
aijbms-111	147	16	in	in	ADP
aijbms-111	147	17	malaysia	malaysia	PROPN
aijbms-111	147	18	,	,	PUNCT
aijbms-111	147	19	the	the	DET
aijbms-111	147	20	study	study	NOUN
aijbms-111	147	21	used	use	VERB
aijbms-111	147	22	dynamic	dynamic	ADJ
aijbms-111	147	23	neoclassical	neoclassical	ADJ
aijbms-111	147	24	framework	framework	NOUN
aijbms-111	147	25	in	in	ADP
aijbms-111	147	26	an	an	DET
aijbms-111	147	27	autoregressive	autoregressive	ADJ
aijbms-111	147	28	distributed	distribute	VERB
aijbms-111	147	29	lagged	lag	VERB
aijbms-111	147	30	(	(	PUNCT
aijbms-111	147	31	ardl	ardl	NOUN
aijbms-111	147	32	)	)	PUNCT
aijbms-111	147	33	mode	mode	NOUN
aijbms-111	147	34	,	,	PUNCT
aijbms-111	147	35	the	the	DET
aijbms-111	147	36	study	study	NOUN
aijbms-111	147	37	showed	show	VERB
aijbms-111	147	38	the	the	DET
aijbms-111	147	39	impact	impact	NOUN
aijbms-111	147	40	of	of	ADP
aijbms-111	147	41	monetary	monetary	ADJ
aijbms-111	147	42	policy	policy	NOUN
aijbms-111	147	43	on	on	ADP
aijbms-111	147	44	institutions	institution	NOUN
aijbms-111	147	45	investment	investment	NOUN
aijbms-111	147	46	spending	spending	NOUN
aijbms-111	147	47	,	,	PUNCT
aijbms-111	147	48	the	the	DET
aijbms-111	147	49	study	study	NOUN
aijbms-111	147	50	also	also	ADV
aijbms-111	147	51	reveal	reveal	VERB
aijbms-111	147	52	that	that	SCONJ
aijbms-111	147	53	the	the	DET
aijbms-111	147	54	impact	impact	NOUN
aijbms-111	147	55	of	of	ADP
aijbms-111	147	56	monetary	monetary	ADJ
aijbms-111	147	57	policy	policy	NOUN
aijbms-111	147	58	channels	channel	NOUN
aijbms-111	147	59	to	to	ADP
aijbms-111	147	60	the	the	DET
aijbms-111	147	61	institutions	institution	NOUN
aijbms-111	147	62	investment	investment	NOUN
aijbms-111	147	63	are	be	AUX
aijbms-111	147	64	heterogeneous	heterogeneous	ADJ
aijbms-111	147	65	,	,	PUNCT
aijbms-111	147	66	therefore	therefore	ADV
aijbms-111	147	67	the	the	DET
aijbms-111	147	68	small	small	ADJ
aijbms-111	147	69	institutions	institution	NOUN
aijbms-111	147	70	that	that	PRON
aijbms-111	147	71	faced	face	VERB
aijbms-111	147	72	financial	financial	ADJ
aijbms-111	147	73	constraint	constraint	NOUN
aijbms-111	147	74	responded	respond	VERB
aijbms-111	147	75	more	more	ADJ
aijbms-111	147	76	to	to	ADP
aijbms-111	147	77	monetary	monetary	ADJ
aijbms-111	147	78	tightening	tightening	NOUN
aijbms-111	147	79	as	as	SCONJ
aijbms-111	147	80	compared	compare	VERB
aijbms-111	147	81	to	to	ADP
aijbms-111	147	82	the	the	DET
aijbms-111	147	83	large	large	ADJ
aijbms-111	147	84	institution	institution	NOUN
aijbms-111	147	85	.	.	PUNCT
aijbms-111	148	1	tobias	tobias	PROPN
aijbms-111	148	2	and	and	CCONJ
aijbms-111	148	3	mambo	mambo	PROPN
aijbms-111	148	4	(	(	PUNCT
aijbms-111	148	5	2012	2012	NUM
aijbms-111	148	6	)	)	PUNCT
aijbms-111	148	7	searched	search	VERB
aijbms-111	148	8	the	the	DET
aijbms-111	148	9	impacts	impact	NOUN
aijbms-111	148	10	of	of	ADP
aijbms-111	148	11	monetary	monetary	ADJ
aijbms-111	148	12	policy	policy	NOUN
aijbms-111	148	13	on	on	ADP
aijbms-111	148	14	private	private	ADJ
aijbms-111	148	15	sector	sector	NOUN
aijbms-111	148	16	investment	investment	NOUN
aijbms-111	148	17	in	in	ADP
aijbms-111	148	18	kenya	kenya	PROPN
aijbms-111	148	19	during	during	ADP
aijbms-111	148	20	(	(	PUNCT
aijbms-111	148	21	1996	1996	NUM
aijbms-111	148	22	-	-	SYM
aijbms-111	148	23	2009	2009	NUM
aijbms-111	148	24	)	)	PUNCT
aijbms-111	148	25	by	by	ADP
aijbms-111	148	26	tracing	trace	VERB
aijbms-111	148	27	the	the	DET
aijbms-111	148	28	impacts	impact	NOUN
aijbms-111	148	29	of	of	ADP
aijbms-111	148	30	monetary	monetary	ADJ
aijbms-111	148	31	policy	policy	NOUN
aijbms-111	148	32	through	through	ADP
aijbms-111	148	33	the	the	DET
aijbms-111	148	34	transmission	transmission	NOUN
aijbms-111	148	35	mechanism	mechanism	NOUN
aijbms-111	148	36	to	to	PART
aijbms-111	148	37	explain	explain	VERB
aijbms-111	148	38	how	how	SCONJ
aijbms-111	148	39	investment	investment	NOUN
aijbms-111	148	40	responded	respond	VERB
aijbms-111	148	41	to	to	ADP
aijbms-111	148	42	changes	change	NOUN
aijbms-111	148	43	in	in	ADP
aijbms-111	148	44	monetary	monetary	ADJ
aijbms-111	148	45	policy	policy	NOUN
aijbms-111	148	46	,	,	PUNCT
aijbms-111	148	47	they	they	PRON
aijbms-111	148	48	founded	found	VERB
aijbms-111	148	49	that	that	PRON
aijbms-111	148	50	government	government	NOUN
aijbms-111	148	51	domestic	domestic	ADJ
aijbms-111	148	52	debt	debt	NOUN
aijbms-111	148	53	and	and	CCONJ
aijbms-111	148	54	treasury	treasury	PROPN
aijbms-111	148	55	bill	bill	NOUN
aijbms-111	148	56	rate	rate	NOUN
aijbms-111	148	57	are	be	AUX
aijbms-111	148	58	inversely	inversely	ADV
aijbms-111	148	59	related	relate	VERB
aijbms-111	148	60	to	to	ADP
aijbms-111	148	61	private	private	ADJ
aijbms-111	148	62	sector	sector	NOUN
aijbms-111	148	63	investment	investment	NOUN
aijbms-111	148	64	,	,	PUNCT
aijbms-111	148	65	while	while	SCONJ
aijbms-111	148	66	money	money	NOUN
aijbms-111	148	67	supply	supply	NOUN
aijbms-111	148	68	and	and	CCONJ
aijbms-111	148	69	domestic	domestic	ADJ
aijbms-111	148	70	savings	saving	NOUN
aijbms-111	148	71	have	have	VERB
aijbms-111	148	72	positive	positive	ADJ
aijbms-111	148	73	relationship	relationship	NOUN
aijbms-111	148	74	with	with	ADP
aijbms-111	148	75	private	private	ADJ
aijbms-111	148	76	sector	sector	NOUN
aijbms-111	148	77	investment	investment	NOUN
aijbms-111	148	78	consistent	consistent	ADJ
aijbms-111	148	79	with	with	ADP
aijbms-111	148	80	the	the	DET
aijbms-111	148	81	islam	islam	PROPN
aijbms-111	148	82	model	model	PROPN
aijbms-111	148	83	.	.	PUNCT
aijbms-111	149	1	lucky	lucky	ADJ
aijbms-111	149	2	and	and	CCONJ
aijbms-111	149	3	uzah	uzah	PROPN
aijbms-111	149	4	(	(	PUNCT
aijbms-111	149	5	2017	2017	NUM
aijbms-111	149	6	)	)	PUNCT
aijbms-111	149	7	examined	examine	VERB
aijbms-111	149	8	the	the	DET
aijbms-111	149	9	effects	effect	NOUN
aijbms-111	149	10	of	of	ADP
aijbms-111	149	11	monetary	monetary	ADJ
aijbms-111	149	12	policy	policy	NOUN
aijbms-111	149	13	transmission	transmission	NOUN
aijbms-111	149	14	mechanisms	mechanism	NOUN
aijbms-111	149	15	on	on	ADP
aijbms-111	149	16	the	the	DET
aijbms-111	149	17	domestic	domestic	ADJ
aijbms-111	149	18	real	real	ADJ
aijbms-111	149	19	investment	investment	NOUN
aijbms-111	149	20	in	in	ADP
aijbms-111	149	21	nigeria	nigeria	PROPN
aijbms-111	149	22	,	,	PUNCT
aijbms-111	149	23	time	time	NOUN
aijbms-111	149	24	series	series	PROPN
aijbms-111	149	25	data	datum	NOUN
aijbms-111	149	26	were	be	AUX
aijbms-111	149	27	sourced	source	VERB
aijbms-111	149	28	from	from	ADP
aijbms-111	149	29	central	central	ADJ
aijbms-111	149	30	bank	bank	PROPN
aijbms-111	149	31	of	of	ADP
aijbms-111	149	32	nigeria	nigeria	PROPN
aijbms-111	149	33	statistical	statistical	ADJ
aijbms-111	149	34	bulletin	bulletin	NOUN
aijbms-111	149	35	from	from	ADP
aijbms-111	149	36	1981	1981	NUM
aijbms-111	149	37	to	to	ADP
aijbms-111	149	38	2015	2015	NUM
aijbms-111	149	39	.	.	PUNCT
aijbms-111	150	1	domestic	domestic	ADJ
aijbms-111	150	2	real	real	ADJ
aijbms-111	150	3	investment	investment	NOUN
aijbms-111	150	4	was	be	AUX
aijbms-111	150	5	modeled	model	VERB
aijbms-111	150	6	as	as	ADP
aijbms-111	150	7	the	the	DET
aijbms-111	150	8	function	function	NOUN
aijbms-111	150	9	of	of	ADP
aijbms-111	150	10	percentage	percentage	NOUN
aijbms-111	150	11	of	of	ADP
aijbms-111	150	12	credit	credit	NOUN
aijbms-111	150	13	to	to	ADP
aijbms-111	150	14	private	private	ADJ
aijbms-111	150	15	sector	sector	NOUN
aijbms-111	150	16	to	to	ADP
aijbms-111	150	17	gross	gross	ADJ
aijbms-111	150	18	domestic	domestic	ADJ
aijbms-111	150	19	product	product	NOUN
aijbms-111	150	20	,	,	PUNCT
aijbms-111	150	21	naira	naira	PROPN
aijbms-111	150	22	exchange	exchange	NOUN
aijbms-111	150	23	rate	rate	NOUN
aijbms-111	150	24	per	per	ADP
aijbms-111	150	25	us	us	PROPN
aijbms-111	150	26	dollar	dollar	NOUN
aijbms-111	150	27	,	,	PUNCT
aijbms-111	150	28	maximum	maximum	ADJ
aijbms-111	150	29	lending	lending	NOUN
aijbms-111	150	30	rate	rate	NOUN
aijbms-111	150	31	,	,	PUNCT
aijbms-111	150	32	monetary	monetary	ADJ
aijbms-111	150	33	policy	policy	NOUN
aijbms-111	150	34	rate	rate	NOUN
aijbms-111	150	35	,	,	PUNCT
aijbms-111	150	36	prime	prime	ADJ
aijbms-111	150	37	lending	lending	NOUN
aijbms-111	150	38	rate	rate	NOUN
aijbms-111	150	39	,	,	PUNCT
aijbms-111	150	40	net	net	ADJ
aijbms-111	150	41	domestic	domestic	ADJ
aijbms-111	150	42	credit	credit	NOUN
aijbms-111	150	43	,	,	PUNCT
aijbms-111	150	44	savings	saving	NOUN
aijbms-111	150	45	rate	rate	NOUN
aijbms-111	150	46	and	and	CCONJ
aijbms-111	150	47	treasury	treasury	NOUN
aijbms-111	150	48	bill	bill	NOUN
aijbms-111	150	49	rate	rate	NOUN
aijbms-111	150	50	.	.	PUNCT
aijbms-111	151	1	granger	granger	PROPN
aijbms-111	151	2	causality	causality	PROPN
aijbms-111	151	3	test	test	NOUN
aijbms-111	151	4	and	and	CCONJ
aijbms-111	151	5	johansen	johansen	PROPN
aijbms-111	151	6	co	co	PROPN
aijbms-111	151	7	-	-	NOUN
aijbms-111	151	8	integration	integration	NOUN
aijbms-111	151	9	test	test	NOUN
aijbms-111	151	10	in	in	ADP
aijbms-111	151	11	the	the	DET
aijbms-111	151	12	vector	vector	NOUN
aijbms-111	151	13	error	error	NOUN
aijbms-111	151	14	correction	correction	NOUN
aijbms-111	151	15	model	model	NOUN
aijbms-111	151	16	(	(	PUNCT
aijbms-111	151	17	vecm	vecm	NOUN
aijbms-111	151	18	)	)	PUNCT
aijbms-111	151	19	setting	set	VERB
aijbms-111	151	20	were	be	AUX
aijbms-111	151	21	employed	employ	VERB
aijbms-111	151	22	.	.	PUNCT
aijbms-111	152	1	durbin	durbin	PROPN
aijbms-111	152	2	watson	watson	PROPN
aijbms-111	152	3	,	,	PUNCT
aijbms-111	152	4	β	β	PROPN
aijbms-111	152	5	coefficient	coefficient	NOUN
aijbms-111	152	6	,	,	PUNCT
aijbms-111	152	7	r	r	NOUN
aijbms-111	152	8	-	-	PUNCT
aijbms-111	152	9	square	square	ADJ
aijbms-111	152	10	(	(	PUNCT
aijbms-111	152	11	r2	r2	PROPN
aijbms-111	152	12	)	)	PUNCT
aijbms-111	152	13	and	and	CCONJ
aijbms-111	152	14	f	f	X
aijbms-111	152	15	-	-	PUNCT
aijbms-111	152	16	statistics	statistic	NOUN
aijbms-111	152	17	were	be	AUX
aijbms-111	152	18	used	use	VERB
aijbms-111	152	19	to	to	PART
aijbms-111	152	20	determine	determine	VERB
aijbms-111	152	21	the	the	DET
aijbms-111	152	22	relationship	relationship	NOUN
aijbms-111	152	23	between	between	ADP
aijbms-111	152	24	the	the	DET
aijbms-111	152	25	dependent	dependent	ADJ
aijbms-111	152	26	and	and	CCONJ
aijbms-111	152	27	independent	independent	ADJ
aijbms-111	152	28	variables	variable	NOUN
aijbms-111	152	29	as	as	SCONJ
aijbms-111	152	30	formulated	formulate	VERB
aijbms-111	152	31	in	in	ADP
aijbms-111	152	32	the	the	DET
aijbms-111	152	33	regression	regression	NOUN
aijbms-111	152	34	models	model	NOUN
aijbms-111	152	35	.	.	PUNCT
aijbms-111	153	1	the	the	DET
aijbms-111	153	2	result	result	NOUN
aijbms-111	153	3	proved	prove	VERB
aijbms-111	153	4	that	that	SCONJ
aijbms-111	153	5	cps	cps	PROPN
aijbms-111	153	6	/	/	SYM
aijbms-111	153	7	gdp	gdp	PROPN
aijbms-111	153	8	,	,	PUNCT
aijbms-111	153	9	mlr	mlr	PROPN
aijbms-111	153	10	,	,	PUNCT
aijbms-111	153	11	mpr	mpr	NOUN
aijbms-111	153	12	,	,	PUNCT
aijbms-111	153	13	ndc	ndc	PROPN
aijbms-111	153	14	and	and	CCONJ
aijbms-111	153	15	sr	sr	PROPN
aijbms-111	153	16	have	have	VERB
aijbms-111	153	17	positive	positive	ADJ
aijbms-111	153	18	relationship	relationship	NOUN
aijbms-111	153	19	with	with	ADP
aijbms-111	153	20	nigeria	nigeria	PROPN
aijbms-111	153	21	real	real	ADJ
aijbms-111	153	22	domestic	domestic	ADJ
aijbms-111	153	23	investment	investment	NOUN
aijbms-111	153	24	while	while	SCONJ
aijbms-111	153	25	exr	exr	PROPN
aijbms-111	153	26	,	,	PUNCT
aijbms-111	153	27	plr	plr	NOUN
aijbms-111	153	28	,	,	PUNCT
aijbms-111	153	29	and	and	CCONJ
aijbms-111	153	30	tbr	tbr	NOUN
aijbms-111	153	31	have	have	VERB
aijbms-111	153	32	negative	negative	ADJ
aijbms-111	153	33	relationship	relationship	NOUN
aijbms-111	153	34	with	with	ADP
aijbms-111	153	35	domestic	domestic	ADJ
aijbms-111	153	36	real	real	ADJ
aijbms-111	153	37	investment	investment	NOUN
aijbms-111	153	38	.	.	PUNCT
aijbms-111	154	1	the	the	DET
aijbms-111	154	2	cointegration	cointegration	NOUN
aijbms-111	154	3	test	test	NOUN
aijbms-111	154	4	proved	prove	VERB
aijbms-111	154	5	the	the	DET
aijbms-111	154	6	present	present	NOUN
aijbms-111	154	7	of	of	ADP
aijbms-111	154	8	long	long	ADJ
aijbms-111	154	9	run	run	NOUN
aijbms-111	154	10	relationship	relationship	NOUN
aijbms-111	154	11	between	between	ADP
aijbms-111	154	12	monetary	monetary	ADJ
aijbms-111	154	13	policy	policy	NOUN
aijbms-111	154	14	variables	variable	NOUN
aijbms-111	154	15	and	and	CCONJ
aijbms-111	154	16	domestic	domestic	ADJ
aijbms-111	154	17	real	real	ADJ
aijbms-111	154	18	investment	investment	NOUN
aijbms-111	154	19	.	.	PUNCT
aijbms-111	155	1	the	the	DET
aijbms-111	155	2	adf	adf	PROPN
aijbms-111	155	3	test	test	NOUN
aijbms-111	155	4	prove	prove	VERB
aijbms-111	155	5	that	that	SCONJ
aijbms-111	155	6	the	the	DET
aijbms-111	155	7	variables	variable	NOUN
aijbms-111	155	8	are	be	AUX
aijbms-111	155	9	stationary	stationary	ADJ
aijbms-111	155	10	at	at	ADP
aijbms-111	155	11	first	first	ADJ
aijbms-111	155	12	difference	difference	NOUN
aijbms-111	155	13	,	,	PUNCT
aijbms-111	155	14	the	the	DET
aijbms-111	155	15	granger	granger	PROPN
aijbms-111	155	16	causality	causality	PROPN
aijbms-111	155	17	test	test	NOUN
aijbms-111	155	18	proved	prove	VERB
aijbms-111	155	19	both	both	DET
aijbms-111	155	20	bi	bi	ADJ
aijbms-111	155	21	-	-	ADJ
aijbms-111	155	22	directional	directional	ADJ
aijbms-111	155	23	,	,	PUNCT
aijbms-111	155	24	uni	uni	ADJ
aijbms-111	155	25	-	-	ADJ
aijbms-111	155	26	directional	directional	ADJ
aijbms-111	155	27	and	and	CCONJ
aijbms-111	155	28	independent	independent	ADJ
aijbms-111	155	29	relationship	relationship	NOUN
aijbms-111	155	30	running	run	VERB
aijbms-111	155	31	from	from	ADP
aijbms-111	155	32	the	the	DET
aijbms-111	155	33	independent	independent	ADJ
aijbms-111	155	34	variables	variable	NOUN
aijbms-111	155	35	to	to	ADP
aijbms-111	155	36	the	the	DET
aijbms-111	155	37	dependent	dependent	ADJ
aijbms-111	155	38	variable	variable	NOUN
aijbms-111	155	39	and	and	CCONJ
aijbms-111	155	40	from	from	ADP
aijbms-111	155	41	the	the	DET
aijbms-111	155	42	dependent	dependent	ADJ
aijbms-111	155	43	variable	variable	NOUN
aijbms-111	155	44	to	to	ADP
aijbms-111	155	45	the	the	DET
aijbms-111	155	46	independent	independent	ADJ
aijbms-111	155	47	variables	variable	NOUN
aijbms-111	155	48	.	.	PUNCT
aijbms-111	156	1	the	the	DET
aijbms-111	156	2	error	error	NOUN
aijbms-111	156	3	correction	correction	NOUN
aijbms-111	156	4	model	model	NOUN
aijbms-111	156	5	proved	prove	VERB
aijbms-111	156	6	that	that	SCONJ
aijbms-111	156	7	the	the	DET
aijbms-111	156	8	speed	speed	NOUN
aijbms-111	156	9	of	of	ADP
aijbms-111	156	10	adjustment	adjustment	NOUN
aijbms-111	156	11	is	be	AUX
aijbms-111	156	12	adequate	adequate	ADJ
aijbms-111	156	13	while	while	SCONJ
aijbms-111	156	14	the	the	DET
aijbms-111	156	15	parsimonious	parsimonious	ADJ
aijbms-111	156	16	error	error	NOUN
aijbms-111	156	17	correction	correction	NOUN
aijbms-111	156	18	model	model	NOUN
aijbms-111	156	19	proved	prove	VERB
aijbms-111	156	20	that	that	SCONJ
aijbms-111	156	21	mpr	mpr	PROPN
aijbms-111	156	22	and	and	CCONJ
aijbms-111	156	23	sr	sr	PROPN
aijbms-111	156	24	have	have	VERB
aijbms-111	156	25	positive	positive	ADJ
aijbms-111	156	26	relationship	relationship	NOUN
aijbms-111	156	27	while	while	SCONJ
aijbms-111	156	28	exr	exr	PROPN
aijbms-111	156	29	and	and	CCONJ
aijbms-111	156	30	plr	plr	NOUN
aijbms-111	156	31	have	have	VERB
aijbms-111	156	32	negative	negative	ADJ
aijbms-111	156	33	relationship	relationship	NOUN
aijbms-111	156	34	.	.	PUNCT
aijbms-111	157	1	from	from	ADP
aijbms-111	157	2	the	the	DET
aijbms-111	157	3	regression	regression	NOUN
aijbms-111	157	4	summary	summary	NOUN
aijbms-111	157	5	,	,	PUNCT
aijbms-111	157	6	the	the	DET
aijbms-111	157	7	study	study	NOUN
aijbms-111	157	8	concludes	conclude	VERB
aijbms-111	157	9	that	that	SCONJ
aijbms-111	157	10	monetary	monetary	ADJ
aijbms-111	157	11	policy	policy	NOUN
aijbms-111	157	12	transmission	transmission	NOUN
aijbms-111	157	13	mechanism	mechanism	NOUN
aijbms-111	157	14	has	have	VERB
aijbms-111	157	15	significant	significant	ADJ
aijbms-111	157	16	relationship	relationship	NOUN
aijbms-111	157	17	with	with	ADP
aijbms-111	157	18	nigeria	nigeria	PROPN
aijbms-111	157	19	domestic	domestic	ADJ
aijbms-111	157	20	real	real	ADJ
aijbms-111	157	21	investment	investment	NOUN
aijbms-111	157	22	.	.	PUNCT
aijbms-111	158	1	research	research	NOUN
aijbms-111	158	2	methodology	methodology	NOUN
aijbms-111	158	3	the	the	DET
aijbms-111	158	4	research	research	NOUN
aijbms-111	158	5	objectives	objective	NOUN
aijbms-111	158	6	were	be	AUX
aijbms-111	158	7	addressed	address	VERB
aijbms-111	158	8	using	use	VERB
aijbms-111	158	9	empirical	empirical	ADJ
aijbms-111	158	10	analysis	analysis	NOUN
aijbms-111	158	11	of	of	ADP
aijbms-111	158	12	macroeconomic	macroeconomic	ADJ
aijbms-111	158	13	variables	variable	NOUN
aijbms-111	158	14	that	that	PRON
aijbms-111	158	15	determine	determine	VERB
aijbms-111	158	16	corporate	corporate	ADJ
aijbms-111	158	17	investment	investment	NOUN
aijbms-111	158	18	in	in	ADP
aijbms-111	158	19	nigeria	nigeria	PROPN
aijbms-111	158	20	.	.	PUNCT
aijbms-111	159	1	private	private	ADJ
aijbms-111	159	2	real	real	ADJ
aijbms-111	159	3	investment	investment	NOUN
aijbms-111	159	4	and	and	CCONJ
aijbms-111	159	5	private	private	ADJ
aijbms-111	159	6	traded	trade	VERB
aijbms-111	159	7	equities	equity	NOUN
aijbms-111	159	8	on	on	ADP
aijbms-111	159	9	the	the	DET
aijbms-111	159	10	floor	floor	NOUN
aijbms-111	159	11	of	of	ADP
aijbms-111	159	12	nigerian	nigerian	ADJ
aijbms-111	159	13	stock	stock	NOUN
aijbms-111	159	14	exchange	exchange	NOUN
aijbms-111	159	15	as	as	ADP
aijbms-111	159	16	dependent	dependent	ADJ
aijbms-111	159	17	variable	variable	NOUN
aijbms-111	159	18	.	.	PUNCT
aijbms-111	160	1	the	the	DET
aijbms-111	160	2	required	require	VERB
aijbms-111	160	3	data	datum	NOUN
aijbms-111	160	4	was	be	AUX
aijbms-111	160	5	sourced	source	VERB
aijbms-111	160	6	from	from	ADP
aijbms-111	160	7	central	central	ADJ
aijbms-111	160	8	bank	bank	PROPN
aijbms-111	160	9	of	of	ADP
aijbms-111	160	10	nigeria	nigeria	PROPN
aijbms-111	160	11	statistical	statistical	ADJ
aijbms-111	160	12	bulletin	bulletin	NOUN
aijbms-111	160	13	from	from	ADP
aijbms-111	160	14	1990	1990	NUM
aijbms-111	160	15	-	-	SYM
aijbms-111	160	16	2016	2016	NUM
aijbms-111	160	17	.	.	PUNCT
aijbms-111	161	1	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	PROPN
aijbms-111	161	2	american	american	PROPN
aijbms-111	161	3	international	international	PROPN
aijbms-111	161	4	journal	journal	PROPN
aijbms-111	161	5	of	of	ADP
aijbms-111	161	6	business	business	NOUN
aijbms-111	161	7	and	and	CCONJ
aijbms-111	161	8	management	management	NOUN
aijbms-111	161	9	studies	study	NOUN
aijbms-111	161	10	vol	vol	NOUN
aijbms-111	161	11	.	.	PROPN
aijbms-111	162	1	1	1	NUM
aijbms-111	162	2	,	,	PUNCT
aijbms-111	162	3	no	no	INTJ
aijbms-111	162	4	.	.	NOUN
aijbms-111	162	5	1	1	NUM
aijbms-111	162	6	;	;	PUNCT
aijbms-111	162	7	2019	2019	NUM
aijbms-111	162	8	26	26	NUM
aijbms-111	162	9	model	model	NOUN
aijbms-111	162	10	specification	specification	NOUN
aijbms-111	162	11	the	the	DET
aijbms-111	162	12	model	model	NOUN
aijbms-111	162	13	specified	specify	VERB
aijbms-111	162	14	in	in	ADP
aijbms-111	162	15	this	this	DET
aijbms-111	162	16	study	study	NOUN
aijbms-111	162	17	is	be	AUX
aijbms-111	162	18	based	base	VERB
aijbms-111	162	19	on	on	ADP
aijbms-111	162	20	the	the	DET
aijbms-111	162	21	classical	classical	ADJ
aijbms-111	162	22	monetary	monetary	ADJ
aijbms-111	162	23	theory	theory	NOUN
aijbms-111	162	24	of	of	ADP
aijbms-111	162	25	interest	interest	NOUN
aijbms-111	162	26	rate	rate	NOUN
aijbms-111	162	27	and	and	CCONJ
aijbms-111	162	28	investment	investment	NOUN
aijbms-111	162	29	.	.	PUNCT
aijbms-111	163	1	pei	pei	PROPN
aijbms-111	163	2	=	=	SYM
aijbms-111	163	3	f(exr	f(exr	PROPN
aijbms-111	163	4	,	,	PUNCT
aijbms-111	163	5	fd	fd	PROPN
aijbms-111	163	6	,	,	PUNCT
aijbms-111	163	7	intr	intr	PROPN
aijbms-111	163	8	,	,	PUNCT
aijbms-111	163	9	ope	ope	NOUN
aijbms-111	163	10	,	,	PUNCT
aijbms-111	163	11	rgdp	rgdp	PROPN
aijbms-111	163	12	,	,	PUNCT
aijbms-111	163	13	ifr	ifr	PROPN
aijbms-111	163	14	,	,	PUNCT
aijbms-111	163	15	m2	m2	PROPN
aijbms-111	163	16	)	)	PUNCT
aijbms-111	163	17	pei	pei	PROPN
aijbms-111	163	18	=	=	PUNCT
aijbms-111	163	19	0	0	X
aijbms-111	163	20	xre1	xre1	VERB
aijbms-111	163	21	fd2	fd2	X
aijbms-111	163	22	ntri3	ntri3	PROPN
aijbms-111	163	23	ope4	ope4	PRON
aijbms-111	163	24	rgdp5	rgdp5	PROPN
aijbms-111	163	25	ifr6	ifr6	PUNCT
aijbms-111	163	26	27m	27m	NOUN
aijbms-111	163	27			NOUN
aijbms-111	163	28	1	1	NUM
aijbms-111	163	29	pri	pri	NOUN
aijbms-111	163	30	=	=	SYM
aijbms-111	163	31	f(exr	f(exr	PROPN
aijbms-111	163	32	,	,	PUNCT
aijbms-111	163	33	fd	fd	PROPN
aijbms-111	163	34	,	,	PUNCT
aijbms-111	163	35	intr	intr	PROPN
aijbms-111	163	36	,	,	PUNCT
aijbms-111	163	37	ope	ope	NOUN
aijbms-111	163	38	,	,	PUNCT
aijbms-111	163	39	rgdp	rgdp	PROPN
aijbms-111	163	40	,	,	PUNCT
aijbms-111	163	41	ifr	ifr	PROPN
aijbms-111	163	42	,	,	PUNCT
aijbms-111	163	43	m2	m2	PROPN
aijbms-111	163	44	)	)	PUNCT
aijbms-111	163	45	pri	pri	NOUN
aijbms-111	163	46	=	=	SYM
aijbms-111	163	47	0	0	X
aijbms-111	163	48	xre1	xre1	VERB
aijbms-111	163	49	fd2	fd2	X
aijbms-111	163	50	ntri3	ntri3	PROPN
aijbms-111	163	51	ope4	ope4	PRON
aijbms-111	163	52	rgdp5	rgdp5	PROPN
aijbms-111	163	53	ifr6	ifr6	PUNCT
aijbms-111	163	54	27m	27m	NOUN
aijbms-111	163	55			NOUN
aijbms-111	163	56	2	2	NUM
aijbms-111	163	57	where	where	SCONJ
aijbms-111	163	58	pei	pei	PROPN
aijbms-111	163	59	=	=	PROPN
aijbms-111	163	60	private	private	ADJ
aijbms-111	163	61	equity	equity	NOUN
aijbms-111	163	62	investment	investment	NOUN
aijbms-111	163	63	pri	pri	NOUN
aijbms-111	163	64	=	=	PUNCT
aijbms-111	163	65	private	private	ADJ
aijbms-111	163	66	real	real	ADJ
aijbms-111	163	67	investment	investment	NOUN
aijbms-111	163	68	exr	exr	X
aijbms-111	163	69	=	=	NOUN
aijbms-111	163	70	exchange	exchange	NOUN
aijbms-111	163	71	rate	rate	NOUN
aijbms-111	163	72	fd	fd	PROPN
aijbms-111	163	73	=	=	PUNCT
aijbms-111	163	74	financial	financial	ADJ
aijbms-111	163	75	sector	sector	NOUN
aijbms-111	163	76	development	development	NOUN
aijbms-111	163	77	intr	intr	NOUN
aijbms-111	163	78	=	=	SYM
aijbms-111	163	79	interest	interest	NOUN
aijbms-111	163	80	rate	rate	NOUN
aijbms-111	163	81	ope	ope	NOUN
aijbms-111	164	1	=	=	NOUN
aijbms-111	164	2	openness	openness	NOUN
aijbms-111	164	3	of	of	ADP
aijbms-111	164	4	the	the	DET
aijbms-111	164	5	economy	economy	NOUN
aijbms-111	164	6	rgdp	rgdp	NOUN
aijbms-111	164	7	=	=	SYM
aijbms-111	164	8	real	real	ADJ
aijbms-111	164	9	gross	gross	ADJ
aijbms-111	164	10	domestic	domestic	ADJ
aijbms-111	164	11	products	product	NOUN
aijbms-111	164	12	ifr	ifr	NOUN
aijbms-111	164	13	=	=	PUNCT
aijbms-111	164	14	inflation	inflation	NOUN
aijbms-111	164	15	rate	rate	NOUN
aijbms-111	164	16	m2	m2	PROPN
aijbms-111	164	17	=	=	PUNCT
aijbms-111	164	18	broad	broad	ADJ
aijbms-111	164	19	money	money	NOUN
aijbms-111	164	20	supply	supply	NOUN
aijbms-111	164	21			NOUN
aijbms-111	164	22	=	=	NOUN
aijbms-111	164	23	error	error	NOUN
aijbms-111	164	24	term	term	NOUN
aijbms-111	164	25	stationarity	stationarity	NOUN
aijbms-111	164	26	(	(	PUNCT
aijbms-111	164	27	unit	unit	NOUN
aijbms-111	164	28	root	root	NOUN
aijbms-111	164	29	)	)	PUNCT
aijbms-111	164	30	tests	test	VERB
aijbms-111	164	31	the	the	DET
aijbms-111	164	32	study	study	NOUN
aijbms-111	164	33	investigates	investigate	VERB
aijbms-111	164	34	the	the	DET
aijbms-111	164	35	stationarity	stationarity	NOUN
aijbms-111	164	36	properties	property	NOUN
aijbms-111	164	37	of	of	ADP
aijbms-111	164	38	the	the	DET
aijbms-111	164	39	time	time	NOUN
aijbms-111	164	40	series	series	PROPN
aijbms-111	164	41	data	datum	NOUN
aijbms-111	164	42	using	use	VERB
aijbms-111	164	43	the	the	DET
aijbms-111	164	44	augmented	augment	VERB
aijbms-111	164	45	dickey	dickey	PROPN
aijbms-111	164	46	fuller	full	ADJ
aijbms-111	164	47	(	(	PUNCT
aijbms-111	164	48	adf	adf	NOUN
aijbms-111	164	49	)	)	PUNCT
aijbms-111	164	50	test	test	NOUN
aijbms-111	164	51	.	.	PUNCT
aijbms-111	165	1	according	accord	VERB
aijbms-111	165	2	to	to	ADP
aijbms-111	165	3	nelson	nelson	PROPN
aijbms-111	165	4	and	and	CCONJ
aijbms-111	165	5	plosser	plosser	PROPN
aijbms-111	165	6	(	(	PUNCT
aijbms-111	165	7	1982	1982	NUM
aijbms-111	165	8	)	)	PUNCT
aijbms-111	165	9	,	,	PUNCT
aijbms-111	165	10	chowdhury	chowdhury	PROPN
aijbms-111	165	11	(	(	PUNCT
aijbms-111	165	12	1994	1994	NUM
aijbms-111	165	13	)	)	PUNCT
aijbms-111	165	14	there	there	PRON
aijbms-111	165	15	exist	exist	VERB
aijbms-111	165	16	a	a	DET
aijbms-111	165	17	unit	unit	NOUN
aijbms-111	165	18	root	root	NOUN
aijbms-111	165	19	in	in	ADP
aijbms-111	165	20	most	most	ADJ
aijbms-111	165	21	macroeconomic	macroeconomic	ADJ
aijbms-111	165	22	time	time	NOUN
aijbms-111	165	23	series	series	NOUN
aijbms-111	165	24	.	.	PUNCT
aijbms-111	166	1	non	non	PROPN
aijbms-111	166	2	stationary	stationary	ADJ
aijbms-111	166	3	time	time	NOUN
aijbms-111	166	4	series	series	PROPN
aijbms-111	166	5	will	will	AUX
aijbms-111	166	6	have	have	VERB
aijbms-111	166	7	a	a	DET
aijbms-111	166	8	time	time	NOUN
aijbms-111	166	9	varying	vary	VERB
aijbms-111	166	10	mean	mean	NOUN
aijbms-111	166	11	or	or	CCONJ
aijbms-111	166	12	a	a	DET
aijbms-111	166	13	timevarying	timevarying	NOUN
aijbms-111	166	14	variance	variance	NOUN
aijbms-111	166	15	or	or	CCONJ
aijbms-111	166	16	both	both	PRON
aijbms-111	166	17	.	.	PUNCT
aijbms-111	167	1	if	if	SCONJ
aijbms-111	167	2	a	a	DET
aijbms-111	167	3	time	time	NOUN
aijbms-111	167	4	series	series	NOUN
aijbms-111	167	5	is	be	AUX
aijbms-111	167	6	non	non	NOUN
aijbms-111	167	7	stationary	stationary	NOUN
aijbms-111	167	8	,	,	PUNCT
aijbms-111	167	9	we	we	PRON
aijbms-111	167	10	can	can	AUX
aijbms-111	167	11	study	study	VERB
aijbms-111	167	12	its	its	PRON
aijbms-111	167	13	behaviour	behaviour	NOUN
aijbms-111	167	14	only	only	ADV
aijbms-111	167	15	for	for	ADP
aijbms-111	167	16	the	the	DET
aijbms-111	167	17	time	time	NOUN
aijbms-111	167	18	period	period	NOUN
aijbms-111	167	19	under	under	ADP
aijbms-111	167	20	consideration	consideration	NOUN
aijbms-111	167	21	,	,	PUNCT
aijbms-111	167	22	and	and	CCONJ
aijbms-111	167	23	can	can	AUX
aijbms-111	167	24	not	not	PART
aijbms-111	167	25	generalize	generalize	VERB
aijbms-111	167	26	it	it	PRON
aijbms-111	167	27	to	to	ADP
aijbms-111	167	28	other	other	ADJ
aijbms-111	167	29	time	time	NOUN
aijbms-111	167	30	periods	period	NOUN
aijbms-111	167	31	,	,	PUNCT
aijbms-111	167	32	and	and	CCONJ
aijbms-111	167	33	hence	hence	ADV
aijbms-111	167	34	remain	remain	VERB
aijbms-111	167	35	of	of	ADP
aijbms-111	167	36	little	little	ADJ
aijbms-111	167	37	practical	practical	ADJ
aijbms-111	167	38	value	value	NOUN
aijbms-111	167	39	if	if	SCONJ
aijbms-111	167	40	we	we	PRON
aijbms-111	167	41	intend	intend	VERB
aijbms-111	167	42	to	to	PART
aijbms-111	167	43	forecast	forecast	VERB
aijbms-111	167	44	(	(	PUNCT
aijbms-111	167	45	gujarati	gujarati	PROPN
aijbms-111	167	46	,	,	PUNCT
aijbms-111	167	47	2003	2003	NUM
aijbms-111	167	48	)	)	PUNCT
aijbms-111	167	49	.	.	PUNCT
aijbms-111	168	1	it	it	PRON
aijbms-111	168	2	should	should	AUX
aijbms-111	168	3	be	be	AUX
aijbms-111	168	4	noted	note	VERB
aijbms-111	168	5	that	that	SCONJ
aijbms-111	168	6	a	a	DET
aijbms-111	168	7	time	time	NOUN
aijbms-111	168	8	series	series	NOUN
aijbms-111	168	9	is	be	AUX
aijbms-111	168	10	a	a	DET
aijbms-111	168	11	set	set	NOUN
aijbms-111	168	12	of	of	ADP
aijbms-111	168	13	observations	observation	NOUN
aijbms-111	168	14	on	on	ADP
aijbms-111	168	15	the	the	DET
aijbms-111	168	16	values	value	NOUN
aijbms-111	168	17	that	that	PRON
aijbms-111	168	18	a	a	DET
aijbms-111	168	19	variable	variable	NOUN
aijbms-111	168	20	takes	take	VERB
aijbms-111	168	21	at	at	ADP
aijbms-111	168	22	different	different	ADJ
aijbms-111	168	23	times	time	NOUN
aijbms-111	168	24	(	(	PUNCT
aijbms-111	168	25	daily	daily	ADJ
aijbms-111	168	26	,	,	PUNCT
aijbms-111	168	27	weekly	weekly	ADJ
aijbms-111	168	28	,	,	PUNCT
aijbms-111	168	29	monthly	monthly	ADJ
aijbms-111	168	30	,	,	PUNCT
aijbms-111	168	31	quarterly	quarterly	ADJ
aijbms-111	168	32	,	,	PUNCT
aijbms-111	168	33	annually	annually	ADV
aijbms-111	168	34	,	,	PUNCT
aijbms-111	168	35	etc	etc	X
aijbms-111	168	36	)	)	PUNCT
aijbms-111	168	37	.	.	PUNCT
aijbms-111	169	1	stationary	stationary	ADJ
aijbms-111	169	2	test	test	NOUN
aijbms-111	169	3	therefore	therefore	ADV
aijbms-111	169	4	checks	check	VERB
aijbms-111	169	5	for	for	ADP
aijbms-111	169	6	the	the	DET
aijbms-111	169	7	stationarity	stationarity	NOUN
aijbms-111	169	8	of	of	ADP
aijbms-111	169	9	the	the	DET
aijbms-111	169	10	variables	variable	NOUN
aijbms-111	169	11	used	use	VERB
aijbms-111	169	12	in	in	ADP
aijbms-111	169	13	the	the	DET
aijbms-111	169	14	models	model	NOUN
aijbms-111	169	15	.	.	PUNCT
aijbms-111	170	1	if	if	SCONJ
aijbms-111	170	2	stationary	stationary	ADJ
aijbms-111	170	3	at	at	ADP
aijbms-111	170	4	level	level	NOUN
aijbms-111	170	5	,	,	PUNCT
aijbms-111	170	6	then	then	ADV
aijbms-111	170	7	it	it	PRON
aijbms-111	170	8	is	be	AUX
aijbms-111	170	9	integrated	integrate	VERB
aijbms-111	170	10	of	of	ADP
aijbms-111	170	11	order	order	NOUN
aijbms-111	170	12	zero	zero	NUM
aijbms-111	170	13	which	which	PRON
aijbms-111	170	14	is	be	AUX
aijbms-111	170	15	1(0	1(0	NUM
aijbms-111	170	16	)	)	PUNCT
aijbms-111	170	17	.	.	PUNCT
aijbms-111	171	1	thus	thus	ADV
aijbms-111	171	2	,	,	PUNCT
aijbms-111	171	3	test	test	NOUN
aijbms-111	171	4	for	for	ADP
aijbms-111	171	5	stationarity	stationarity	NOUN
aijbms-111	171	6	is	be	AUX
aijbms-111	171	7	also	also	ADV
aijbms-111	171	8	called	call	VERB
aijbms-111	171	9	test	test	NOUN
aijbms-111	171	10	for	for	ADP
aijbms-111	171	11	integration	integration	NOUN
aijbms-111	171	12	.	.	PUNCT
aijbms-111	172	1	it	it	PRON
aijbms-111	172	2	is	be	AUX
aijbms-111	172	3	also	also	ADV
aijbms-111	172	4	called	call	VERB
aijbms-111	172	5	unit	unit	NOUN
aijbms-111	172	6	root	root	NOUN
aijbms-111	172	7	test	test	NOUN
aijbms-111	172	8	.	.	PUNCT
aijbms-111	173	1	stationarity	stationarity	NOUN
aijbms-111	173	2	denotes	denote	VERB
aijbms-111	173	3	the	the	DET
aijbms-111	173	4	non	non	PROPN
aijbms-111	173	5	existence	existence	NOUN
aijbms-111	173	6	of	of	ADP
aijbms-111	173	7	unit	unit	NOUN
aijbms-111	173	8	root	root	NOUN
aijbms-111	173	9	.	.	PUNCT
aijbms-111	174	1	etyiyy	etyiyy	PROPN
aijbms-111	174	2	t	t	PROPN
aijbms-111	174	3	m	m	VERB
aijbms-111	174	4	i	i	PRON
aijbms-111	174	5	tt	tt	PROPN
aijbms-111	174	6			ADJ
aijbms-111	174	7			PROPN
aijbms-111	174	8			PROPN
aijbms-111	174	9			NOUN
aijbms-111	174	10	1	1	NUM
aijbms-111	174	11	1	1	NUM
aijbms-111	174	12	121	121	NUM
aijbms-111	174	13			NOUN
aijbms-111	174	14	3	3	NUM
aijbms-111	174	15	where	where	SCONJ
aijbms-111	174	16	:	:	PUNCT
aijbms-111	174	17	ty	ty	NOUN
aijbms-111	174	18	=	=	PUNCT
aijbms-111	174	19	change	change	NOUN
aijbms-111	174	20	time	time	NOUN
aijbms-111	174	21	t	t	PROPN
aijbms-111	174	22	1	1	NUM
aijbms-111	174	23	ty	ty	INTJ
aijbms-111	174	24	=	=	PUNCT
aijbms-111	174	25	the	the	DET
aijbms-111	174	26	lagged	lag	VERB
aijbms-111	174	27	value	value	NOUN
aijbms-111	174	28	of	of	ADP
aijbms-111	174	29	the	the	DET
aijbms-111	174	30	dependent	dependent	ADJ
aijbms-111	174	31	variables	variable	NOUN
aijbms-111	174	32	t	t	ADP
aijbms-111	174	33	=	=	PUNCT
aijbms-111	174	34	white	white	ADJ
aijbms-111	174	35	noise	noise	NOUN
aijbms-111	174	36	error	error	NOUN
aijbms-111	174	37	term	term	NOUN
aijbms-111	174	38	if	if	SCONJ
aijbms-111	174	39	in	in	ADP
aijbms-111	174	40	the	the	DET
aijbms-111	174	41	above	above	ADJ
aijbms-111	174	42			PROPN
aijbms-111	174	43	=	=	NOUN
aijbms-111	174	44	0	0	NUM
aijbms-111	174	45	,	,	PUNCT
aijbms-111	174	46	then	then	ADV
aijbms-111	174	47	we	we	PRON
aijbms-111	174	48	conclude	conclude	VERB
aijbms-111	174	49	that	that	SCONJ
aijbms-111	174	50	there	there	PRON
aijbms-111	174	51	is	be	VERB
aijbms-111	174	52	a	a	DET
aijbms-111	174	53	unit	unit	NOUN
aijbms-111	174	54	root	root	NOUN
aijbms-111	174	55	.	.	PUNCT
aijbms-111	175	1	otherwise	otherwise	ADV
aijbms-111	175	2	there	there	PRON
aijbms-111	175	3	is	be	VERB
aijbms-111	175	4	no	no	DET
aijbms-111	175	5	unit	unit	NOUN
aijbms-111	175	6	root	root	NOUN
aijbms-111	175	7	,	,	PUNCT
aijbms-111	175	8	meaning	mean	VERB
aijbms-111	175	9	that	that	SCONJ
aijbms-111	175	10	it	it	PRON
aijbms-111	175	11	is	be	AUX
aijbms-111	175	12	stationary	stationary	ADJ
aijbms-111	175	13	.	.	PUNCT
aijbms-111	176	1	the	the	DET
aijbms-111	176	2	choice	choice	NOUN
aijbms-111	176	3	of	of	ADP
aijbms-111	176	4	lag	lag	NOUN
aijbms-111	176	5	will	will	AUX
aijbms-111	176	6	be	be	AUX
aijbms-111	176	7	determined	determine	VERB
aijbms-111	176	8	by	by	ADP
aijbms-111	176	9	akaike	akaike	ADJ
aijbms-111	176	10	information	information	NOUN
aijbms-111	176	11	criteria	criterion	NOUN
aijbms-111	176	12	.	.	PUNCT
aijbms-111	177	1	decision	decision	NOUN
aijbms-111	177	2	rulet	rulet	NOUN
aijbms-111	177	3	-	-	PUNCT
aijbms-111	177	4	adf	adf	NOUN
aijbms-111	177	5	(	(	PUNCT
aijbms-111	177	6	absolute	absolute	ADJ
aijbms-111	177	7	value	value	NOUN
aijbms-111	177	8	)	)	PUNCT
aijbms-111	177	9	>	>	X
aijbms-111	177	10	t	t	PROPN
aijbms-111	177	11	-	-	PUNCT
aijbms-111	177	12	adf	adf	PROPN
aijbms-111	177	13	(	(	PUNCT
aijbms-111	177	14	critical	critical	ADJ
aijbms-111	177	15	value	value	NOUN
aijbms-111	177	16	)	)	PUNCT
aijbms-111	177	17	:	:	PUNCT
aijbms-111	177	18	reject	reject	VERB
aijbms-111	177	19	ho	ho	PROPN
aijbms-111	177	20	(	(	PUNCT
aijbms-111	177	21	otherwise	otherwise	ADV
aijbms-111	177	22	accept	accept	VERB
aijbms-111	177	23	h1	h1	PROPN
aijbms-111	177	24	)	)	PUNCT
aijbms-111	177	25	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	NOUN
aijbms-111	177	26	american	american	PROPN
aijbms-111	177	27	international	international	PROPN
aijbms-111	177	28	journal	journal	PROPN
aijbms-111	177	29	of	of	ADP
aijbms-111	177	30	business	business	NOUN
aijbms-111	177	31	and	and	CCONJ
aijbms-111	177	32	management	management	NOUN
aijbms-111	177	33	studies	study	NOUN
aijbms-111	177	34	vol	vol	NOUN
aijbms-111	177	35	.	.	PROPN
aijbms-111	178	1	1	1	NUM
aijbms-111	178	2	,	,	PUNCT
aijbms-111	178	3	no	no	INTJ
aijbms-111	178	4	.	.	NOUN
aijbms-111	178	5	1	1	NUM
aijbms-111	178	6	;	;	PUNCT
aijbms-111	178	7	2019	2019	NUM
aijbms-111	178	8	27	27	NUM
aijbms-111	178	9	note	note	NOUN
aijbms-111	178	10	that	that	SCONJ
aijbms-111	178	11	each	each	DET
aijbms-111	178	12	variable	variable	NOUN
aijbms-111	178	13	will	will	AUX
aijbms-111	178	14	have	have	VERB
aijbms-111	178	15	its	its	PRON
aijbms-111	178	16	own	own	ADJ
aijbms-111	178	17	adf	adf	NOUN
aijbms-111	178	18	test	test	NOUN
aijbms-111	178	19	value	value	NOUN
aijbms-111	178	20	.	.	PUNCT
aijbms-111	179	1	if	if	SCONJ
aijbms-111	179	2	the	the	DET
aijbms-111	179	3	variables	variable	NOUN
aijbms-111	179	4	are	be	AUX
aijbms-111	179	5	stationary	stationary	ADJ
aijbms-111	179	6	at	at	ADP
aijbms-111	179	7	level	level	NOUN
aijbms-111	179	8	,	,	PUNCT
aijbms-111	179	9	then	then	ADV
aijbms-111	179	10	they	they	PRON
aijbms-111	179	11	are	be	AUX
aijbms-111	179	12	integrated	integrate	VERB
aijbms-111	179	13	of	of	ADP
aijbms-111	179	14	order	order	NOUN
aijbms-111	179	15	zero	zero	NUM
aijbms-111	179	16	i.e	i.e	PRON
aijbms-111	179	17	1(0	1(0	NUM
aijbms-111	179	18	)	)	PUNCT
aijbms-111	179	19	.	.	PUNCT
aijbms-111	180	1	note	note	VERB
aijbms-111	180	2	that	that	SCONJ
aijbms-111	180	3	the	the	DET
aijbms-111	180	4	appropriate	appropriate	ADJ
aijbms-111	180	5	degree	degree	NOUN
aijbms-111	180	6	of	of	ADP
aijbms-111	180	7	freedom	freedom	NOUN
aijbms-111	180	8	is	be	AUX
aijbms-111	180	9	used	use	VERB
aijbms-111	180	10	.	.	PUNCT
aijbms-111	181	1	if	if	SCONJ
aijbms-111	181	2	the	the	DET
aijbms-111	181	3	variables	variable	NOUN
aijbms-111	181	4	are	be	AUX
aijbms-111	181	5	stationary	stationary	ADJ
aijbms-111	181	6	at	at	ADP
aijbms-111	181	7	level	level	NOUN
aijbms-111	181	8	,	,	PUNCT
aijbms-111	181	9	it	it	PRON
aijbms-111	181	10	means	mean	VERB
aijbms-111	181	11	that	that	SCONJ
aijbms-111	181	12	even	even	ADV
aijbms-111	181	13	in	in	ADP
aijbms-111	181	14	the	the	DET
aijbms-111	181	15	short	short	ADJ
aijbms-111	181	16	run	run	NOUN
aijbms-111	181	17	they	they	PRON
aijbms-111	181	18	move	move	VERB
aijbms-111	181	19	together	together	ADV
aijbms-111	181	20	.	.	PUNCT
aijbms-111	182	1	the	the	DET
aijbms-111	182	2	unit	unit	NOUN
aijbms-111	182	3	root	root	NOUN
aijbms-111	182	4	problem	problem	NOUN
aijbms-111	182	5	earlier	early	ADV
aijbms-111	182	6	mentioned	mention	VERB
aijbms-111	182	7	can	can	AUX
aijbms-111	182	8	be	be	AUX
aijbms-111	182	9	explained	explain	VERB
aijbms-111	182	10	using	use	VERB
aijbms-111	182	11	the	the	DET
aijbms-111	182	12	model	model	NOUN
aijbms-111	182	13	:	:	PUNCT
aijbms-111	182	14	y=	y=	NUM
aijbms-111	182	15	yt-1	yt-1	PUNCT
aijbms-111	183	1	+	+	CCONJ
aijbms-111	183	2	i	i	PROPN
aijbms-111	183	3	4	4	NUM
aijbms-111	183	4	where	where	SCONJ
aijbms-111	183	5	;	;	PUNCT
aijbms-111	183	6	yt	yt	PROPN
aijbms-111	183	7	is	be	AUX
aijbms-111	183	8	the	the	DET
aijbms-111	183	9	variable	variable	NOUN
aijbms-111	183	10	in	in	ADP
aijbms-111	183	11	question	question	NOUN
aijbms-111	183	12	;	;	PUNCT
aijbms-111	183	13	i	i	PROPN
aijbms-111	183	14	is	be	AUX
aijbms-111	183	15	stochastic	stochastic	ADJ
aijbms-111	183	16	error	error	NOUN
aijbms-111	183	17	term	term	NOUN
aijbms-111	183	18	.	.	PUNCT
aijbms-111	184	1	equation	equation	NOUN
aijbms-111	184	2	(	(	PUNCT
aijbms-111	184	3	a	a	X
aijbms-111	184	4	)	)	PUNCT
aijbms-111	184	5	is	be	AUX
aijbms-111	184	6	termed	term	VERB
aijbms-111	184	7	first	first	ADJ
aijbms-111	184	8	order	order	NOUN
aijbms-111	184	9	regression	regression	NOUN
aijbms-111	184	10	because	because	SCONJ
aijbms-111	184	11	we	we	PRON
aijbms-111	184	12	regress	regress	VERB
aijbms-111	184	13	the	the	DET
aijbms-111	184	14	value	value	NOUN
aijbms-111	184	15	y	y	PROPN
aijbms-111	184	16	at	at	ADP
aijbms-111	184	17	time	time	NOUN
aijbms-111	184	18	“	"	PUNCT
aijbms-111	184	19	t	t	PROPN
aijbms-111	184	20	”	"	PUNCT
aijbms-111	184	21	on	on	ADP
aijbms-111	184	22	its	its	PRON
aijbms-111	184	23	value	value	NOUN
aijbms-111	184	24	at	at	ADP
aijbms-111	184	25	time	time	NOUN
aijbms-111	184	26	(	(	PUNCT
aijbms-111	184	27	t1	t1	NOUN
aijbms-111	184	28	)	)	PUNCT
aijbms-111	184	29	.	.	PUNCT
aijbms-111	185	1	if	if	SCONJ
aijbms-111	185	2	the	the	DET
aijbms-111	185	3	coefficient	coefficient	NOUN
aijbms-111	185	4	of	of	ADP
aijbms-111	185	5	yt	yt	PROPN
aijbms-111	185	6	-	-	PUNCT
aijbms-111	185	7	i	i	PRON
aijbms-111	185	8	is	be	AUX
aijbms-111	185	9	equal	equal	ADJ
aijbms-111	185	10	to	to	ADP
aijbms-111	185	11	1	1	NUM
aijbms-111	185	12	,	,	PUNCT
aijbms-111	185	13	then	then	ADV
aijbms-111	185	14	we	we	PRON
aijbms-111	185	15	have	have	VERB
aijbms-111	185	16	a	a	DET
aijbms-111	185	17	unit	unit	NOUN
aijbms-111	185	18	root	root	NOUN
aijbms-111	185	19	problem	problem	NOUN
aijbms-111	185	20	(	(	PUNCT
aijbms-111	185	21	non	non	X
aijbms-111	185	22	stationary	stationary	ADJ
aijbms-111	185	23	situation	situation	NOUN
aijbms-111	185	24	)	)	PUNCT
aijbms-111	185	25	.	.	PUNCT
aijbms-111	186	1	this	this	PRON
aijbms-111	186	2	means	mean	VERB
aijbms-111	186	3	that	that	SCONJ
aijbms-111	186	4	if	if	SCONJ
aijbms-111	186	5	the	the	DET
aijbms-111	186	6	regression	regression	NOUN
aijbms-111	186	7	.	.	PUNCT
aijbms-111	187	1	y=	y=	PRON
aijbms-111	187	2	yt-1	yt-1	PUNCT
aijbms-111	188	1	+	+	CCONJ
aijbms-111	188	2	i	i	PROPN
aijbms-111	188	3	5	5	NUM
aijbms-111	188	4	where	where	SCONJ
aijbms-111	188	5	y	y	PROPN
aijbms-111	188	6	and	and	CCONJ
aijbms-111	188	7	i	i	PRON
aijbms-111	188	8	are	be	AUX
aijbms-111	188	9	found	find	VERB
aijbms-111	188	10	to	to	PART
aijbms-111	188	11	be	be	AUX
aijbms-111	188	12	equal	equal	ADJ
aijbms-111	188	13	to	to	ADP
aijbms-111	188	14	1	1	NUM
aijbms-111	188	15	then	then	ADV
aijbms-111	188	16	the	the	DET
aijbms-111	188	17	variable	variable	ADJ
aijbms-111	188	18	yt	yt	NOUN
aijbms-111	188	19	has	have	VERB
aijbms-111	188	20	a	a	DET
aijbms-111	188	21	unit	unit	NOUN
aijbms-111	188	22	root	root	NOUN
aijbms-111	188	23	(	(	PUNCT
aijbms-111	188	24	random	random	ADJ
aijbms-111	188	25	work	work	NOUN
aijbms-111	188	26	in	in	ADP
aijbms-111	188	27	time	time	NOUN
aijbms-111	188	28	series	series	PROPN
aijbms-111	188	29	econometrics	econometrics	PROPN
aijbms-111	188	30	)	)	PUNCT
aijbms-111	188	31	.	.	PUNCT
aijbms-111	189	1	if	if	SCONJ
aijbms-111	189	2	a	a	DET
aijbms-111	189	3	time	time	NOUN
aijbms-111	189	4	series	series	NOUN
aijbms-111	189	5	has	have	VERB
aijbms-111	189	6	a	a	DET
aijbms-111	189	7	unit	unit	NOUN
aijbms-111	189	8	root	root	NOUN
aijbms-111	189	9	,	,	PUNCT
aijbms-111	189	10	the	the	DET
aijbms-111	189	11	first	first	ADJ
aijbms-111	189	12	difference	difference	NOUN
aijbms-111	189	13	of	of	ADP
aijbms-111	189	14	such	such	ADJ
aijbms-111	189	15	time	time	NOUN
aijbms-111	189	16	series	series	NOUN
aijbms-111	189	17	are	be	AUX
aijbms-111	189	18	usually	usually	ADV
aijbms-111	189	19	stationary	stationary	ADJ
aijbms-111	189	20	.	.	PUNCT
aijbms-111	190	1	therefore	therefore	ADV
aijbms-111	190	2	to	to	PART
aijbms-111	190	3	salve	salve	VERB
aijbms-111	190	4	the	the	DET
aijbms-111	190	5	problem	problem	NOUN
aijbms-111	190	6	,	,	PUNCT
aijbms-111	190	7	take	take	VERB
aijbms-111	190	8	the	the	DET
aijbms-111	190	9	first	first	ADJ
aijbms-111	190	10	difference	difference	NOUN
aijbms-111	190	11	of	of	ADP
aijbms-111	190	12	the	the	DET
aijbms-111	190	13	time	time	NOUN
aijbms-111	190	14	series	series	NOUN
aijbms-111	190	15	.	.	PUNCT
aijbms-111	191	1	the	the	DET
aijbms-111	191	2	first	first	ADJ
aijbms-111	191	3	difference	difference	NOUN
aijbms-111	191	4	operation	operation	NOUN
aijbms-111	191	5	is	be	AUX
aijbms-111	191	6	shown	show	VERB
aijbms-111	191	7	in	in	ADP
aijbms-111	191	8	the	the	DET
aijbms-111	191	9	following	following	ADJ
aijbms-111	191	10	model	model	NOUN
aijbms-111	191	11	:	:	PUNCT
aijbms-111	191	12	y=(l-1)yt-1i	y=(l-1)yt-1i	PROPN
aijbms-111	191	13	6	6	NUM
aijbms-111	191	14	yt-1	yt-1	NOUN
aijbms-111	191	15	+	+	CCONJ
aijbms-111	191	16	i	i	PROPN
aijbms-111	191	17	7	7	NUM
aijbms-111	191	18	(	(	PUNCT
aijbms-111	191	19	note	note	NOUN
aijbms-111	191	20	:	:	PUNCT
aijbms-111	191	21			NUM
aijbms-111	191	22	=	=	ADJ
aijbms-111	191	23	1	1	NUM
aijbms-111	191	24	-	-	PUNCT
aijbms-111	191	25	1=	1=	NOUN
aijbms-111	191	26	0	0	NUM
aijbms-111	191	27	;	;	PUNCT
aijbms-111	191	28	where	where	SCONJ
aijbms-111	191	29	l	l	NOUN
aijbms-111	191	30	=	=	NOUN
aijbms-111	191	31	1	1	NUM
aijbms-111	191	32	;	;	PUNCT
aijbms-111	191	33	yt	yt	NOUN
aijbms-111	191	34	=	=	PUNCT
aijbms-111	192	1	yt	yt	PRON
aijbms-111	192	2	yt	yt	PROPN
aijbms-111	192	3	-	-	PUNCT
aijbms-111	192	4	i	i	PROPN
aijbms-111	192	5	)	)	PUNCT
aijbms-111	192	6	8	8	NUM
aijbms-111	192	7	integrated	integrate	VERB
aijbms-111	192	8	of	of	ADP
aijbms-111	192	9	order	order	NOUN
aijbms-111	192	10	1	1	NUM
aijbms-111	192	11	or	or	CCONJ
aijbms-111	192	12	i	i	PRON
aijbms-111	192	13	(	(	PUNCT
aijbms-111	192	14	i	i	NOUN
aijbms-111	192	15	)	)	PUNCT
aijbms-111	192	16	given	give	VERB
aijbms-111	192	17	that	that	SCONJ
aijbms-111	192	18	the	the	DET
aijbms-111	192	19	original	original	ADJ
aijbms-111	192	20	(	(	PUNCT
aijbms-111	192	21	random	random	ADJ
aijbms-111	192	22	walk	walk	NOUN
aijbms-111	192	23	)	)	PUNCT
aijbms-111	192	24	series	series	NOUN
aijbms-111	192	25	is	be	AUX
aijbms-111	192	26	differenced	difference	VERB
aijbms-111	192	27	once	once	ADV
aijbms-111	192	28	and	and	CCONJ
aijbms-111	192	29	the	the	DET
aijbms-111	192	30	differenced	differenced	ADJ
aijbms-111	192	31	series	series	NOUN
aijbms-111	192	32	becomes	become	VERB
aijbms-111	192	33	stationary	stationary	ADJ
aijbms-111	192	34	,	,	PUNCT
aijbms-111	192	35	then	then	ADV
aijbms-111	192	36	the	the	DET
aijbms-111	192	37	original	original	ADJ
aijbms-111	192	38	series	series	NOUN
aijbms-111	192	39	is	be	AUX
aijbms-111	192	40	said	say	VERB
aijbms-111	192	41	to	to	PART
aijbms-111	192	42	be	be	AUX
aijbms-111	192	43	integrated	integrate	VERB
aijbms-111	192	44	of	of	ADP
aijbms-111	192	45	order	order	NOUN
aijbms-111	193	1	i	i	PRON
aijbms-111	193	2	or	or	CCONJ
aijbms-111	193	3	i	i	PRON
aijbms-111	193	4	(	(	PUNCT
aijbms-111	193	5	1	1	NUM
aijbms-111	193	6	)	)	PUNCT
aijbms-111	193	7	.	.	PUNCT
aijbms-111	194	1	integrated	integrate	VERB
aijbms-111	194	2	of	of	ADP
aijbms-111	194	3	order	order	NOUN
aijbms-111	194	4	2	2	NUM
aijbms-111	194	5	or	or	CCONJ
aijbms-111	194	6	i	i	PRON
aijbms-111	194	7	(	(	PUNCT
aijbms-111	194	8	2	2	X
aijbms-111	194	9	)	)	PUNCT
aijbms-111	194	10	given	give	VERB
aijbms-111	194	11	that	that	SCONJ
aijbms-111	194	12	the	the	DET
aijbms-111	194	13	original	original	ADJ
aijbms-111	194	14	series	series	NOUN
aijbms-111	194	15	is	be	AUX
aijbms-111	194	16	differenced	difference	VERB
aijbms-111	194	17	twice	twice	ADV
aijbms-111	194	18	before	before	SCONJ
aijbms-111	194	19	it	it	PRON
aijbms-111	194	20	becomes	become	VERB
aijbms-111	194	21	stationary	stationary	ADJ
aijbms-111	194	22	(	(	PUNCT
aijbms-111	194	23	the	the	DET
aijbms-111	194	24	first	first	ADJ
aijbms-111	194	25	difference	difference	NOUN
aijbms-111	194	26	of	of	ADP
aijbms-111	194	27	the	the	DET
aijbms-111	194	28	first	first	ADJ
aijbms-111	194	29	difference	difference	NOUN
aijbms-111	194	30	)	)	PUNCT
aijbms-111	194	31	,	,	PUNCT
aijbms-111	194	32	then	then	ADV
aijbms-111	194	33	the	the	DET
aijbms-111	194	34	original	original	ADJ
aijbms-111	194	35	series	series	NOUN
aijbms-111	194	36	is	be	AUX
aijbms-111	194	37	integrated	integrate	VERB
aijbms-111	194	38	of	of	ADP
aijbms-111	194	39	order	order	NOUN
aijbms-111	194	40	2	2	NUM
aijbms-111	194	41	or	or	CCONJ
aijbms-111	194	42	1(2	1(2	NUM
aijbms-111	194	43	)	)	PUNCT
aijbms-111	194	44	.	.	PUNCT
aijbms-111	195	1	therefore	therefore	ADV
aijbms-111	195	2	,	,	PUNCT
aijbms-111	195	3	given	give	VERB
aijbms-111	195	4	a	a	DET
aijbms-111	195	5	time	time	NOUN
aijbms-111	195	6	series	series	NOUN
aijbms-111	195	7	has	have	VERB
aijbms-111	195	8	to	to	PART
aijbms-111	195	9	be	be	AUX
aijbms-111	195	10	differenced	difference	VERB
aijbms-111	195	11	q	q	ADJ
aijbms-111	195	12	times	time	NOUN
aijbms-111	195	13	before	before	ADP
aijbms-111	195	14	becoming	become	VERB
aijbms-111	195	15	stationary	stationary	ADJ
aijbms-111	195	16	it	it	PRON
aijbms-111	195	17	said	say	VERB
aijbms-111	195	18	to	to	PART
aijbms-111	195	19	be	be	AUX
aijbms-111	195	20	integrated	integrate	VERB
aijbms-111	195	21	of	of	ADP
aijbms-111	195	22	order	order	NOUN
aijbms-111	195	23	q	q	NOUN
aijbms-111	195	24	or	or	CCONJ
aijbms-111	195	25	i	i	PRON
aijbms-111	195	26	(	(	PUNCT
aijbms-111	195	27	q	q	NOUN
aijbms-111	195	28	)	)	PUNCT
aijbms-111	195	29	.	.	PUNCT
aijbms-111	196	1	hence	hence	ADV
aijbms-111	196	2	,	,	PUNCT
aijbms-111	196	3	non	non	ADJ
aijbms-111	196	4	stationary	stationary	ADJ
aijbms-111	196	5	time	time	NOUN
aijbms-111	196	6	series	series	PROPN
aijbms-111	196	7	are	be	AUX
aijbms-111	196	8	those	those	PRON
aijbms-111	196	9	that	that	PRON
aijbms-111	196	10	are	be	AUX
aijbms-111	196	11	integrated	integrate	VERB
aijbms-111	196	12	of	of	ADP
aijbms-111	196	13	order	order	NOUN
aijbms-111	196	14	1	1	NUM
aijbms-111	196	15	or	or	CCONJ
aijbms-111	196	16	greater	great	ADJ
aijbms-111	196	17	.	.	PUNCT
aijbms-111	197	1	the	the	DET
aijbms-111	197	2	null	null	ADJ
aijbms-111	197	3	hypothesis	hypothesis	NOUN
aijbms-111	197	4	for	for	ADP
aijbms-111	197	5	the	the	DET
aijbms-111	197	6	unit	unit	NOUN
aijbms-111	197	7	root	root	NOUN
aijbms-111	197	8	is	be	AUX
aijbms-111	197	9	:	:	PUNCT
aijbms-111	197	10	ho	ho	ADJ
aijbms-111	197	11	:	:	PUNCT
aijbms-111	197	12	a	a	DET
aijbms-111	197	13	=	=	NOUN
aijbms-111	197	14	1	1	NUM
aijbms-111	197	15	;	;	PUNCT
aijbms-111	197	16	the	the	DET
aijbms-111	197	17	alternative	alternative	ADJ
aijbms-111	197	18	hypothesis	hypothesis	NOUN
aijbms-111	197	19	is	be	AUX
aijbms-111	197	20	hi	hi	ADJ
aijbms-111	197	21	:	:	PUNCT
aijbms-111	197	22	a	a	DET
aijbms-111	197	23	<	<	X
aijbms-111	197	24	1	1	NUM
aijbms-111	197	25	.	.	PUNCT
aijbms-111	198	1	we	we	PRON
aijbms-111	198	2	shall	shall	AUX
aijbms-111	198	3	test	test	VERB
aijbms-111	198	4	the	the	DET
aijbms-111	198	5	stationarity	stationarity	NOUN
aijbms-111	198	6	of	of	ADP
aijbms-111	198	7	our	our	PRON
aijbms-111	198	8	data	datum	NOUN
aijbms-111	198	9	using	use	VERB
aijbms-111	198	10	the	the	DET
aijbms-111	198	11	adf	adf	PROPN
aijbms-111	198	12	test	test	NOUN
aijbms-111	198	13	.	.	PUNCT
aijbms-111	199	1	co	co	VERB
aijbms-111	199	2	-	-	NOUN
aijbms-111	199	3	integration	integration	NOUN
aijbms-111	199	4	test	test	NOUN
aijbms-111	199	5	(	(	PUNCT
aijbms-111	199	6	the	the	DET
aijbms-111	199	7	johansen	johansen	PROPN
aijbms-111	199	8	test	test	NOUN
aijbms-111	199	9	)	)	PUNCT
aijbms-111	200	1	it	it	PRON
aijbms-111	200	2	has	have	AUX
aijbms-111	200	3	already	already	ADV
aijbms-111	200	4	been	be	AUX
aijbms-111	200	5	warned	warn	VERB
aijbms-111	200	6	that	that	SCONJ
aijbms-111	200	7	the	the	DET
aijbms-111	200	8	regression	regression	NOUN
aijbms-111	200	9	of	of	ADP
aijbms-111	200	10	a	a	DET
aijbms-111	200	11	non	non	ADJ
aijbms-111	200	12	stationary	stationary	ADJ
aijbms-111	200	13	time	time	NOUN
aijbms-111	200	14	series	series	NOUN
aijbms-111	200	15	on	on	ADP
aijbms-111	200	16	another	another	DET
aijbms-111	200	17	non	non	PRON
aijbms-111	200	18	stationary	stationary	ADJ
aijbms-111	200	19	time	time	NOUN
aijbms-111	200	20	series	series	PROPN
aijbms-111	200	21	may	may	AUX
aijbms-111	200	22	lead	lead	VERB
aijbms-111	200	23	to	to	ADP
aijbms-111	200	24	a	a	DET
aijbms-111	200	25	spurious	spurious	ADJ
aijbms-111	200	26	regression	regression	NOUN
aijbms-111	200	27	.	.	PUNCT
aijbms-111	201	1	the	the	DET
aijbms-111	201	2	important	important	ADJ
aijbms-111	201	3	contribution	contribution	NOUN
aijbms-111	201	4	of	of	ADP
aijbms-111	201	5	the	the	DET
aijbms-111	201	6	concept	concept	NOUN
aijbms-111	201	7	of	of	ADP
aijbms-111	201	8	unit	unit	NOUN
aijbms-111	201	9	root	root	NOUN
aijbms-111	201	10	and	and	CCONJ
aijbms-111	201	11	co	co	NOUN
aijbms-111	201	12	-	-	NOUN
aijbms-111	201	13	integration	integration	NOUN
aijbms-111	201	14	is	be	AUX
aijbms-111	201	15	to	to	PART
aijbms-111	201	16	find	find	VERB
aijbms-111	201	17	out	out	ADP
aijbms-111	201	18	if	if	SCONJ
aijbms-111	201	19	the	the	DET
aijbms-111	201	20	regression	regression	NOUN
aijbms-111	201	21	residual	residual	ADJ
aijbms-111	201	22	are	be	AUX
aijbms-111	201	23	stationary	stationary	ADJ
aijbms-111	201	24	.	.	PUNCT
aijbms-111	202	1	thus	thus	ADV
aijbms-111	202	2	,	,	PUNCT
aijbms-111	202	3	a	a	DET
aijbms-111	202	4	test	test	NOUN
aijbms-111	202	5	for	for	ADP
aijbms-111	202	6	co	co	NOUN
aijbms-111	202	7	-	-	NOUN
aijbms-111	202	8	integration	integration	NOUN
aijbms-111	202	9	enables	enable	VERB
aijbms-111	202	10	us	we	PRON
aijbms-111	202	11	to	to	PART
aijbms-111	202	12	avoid	avoid	VERB
aijbms-111	202	13	spurious	spurious	ADJ
aijbms-111	202	14	regression	regression	NOUN
aijbms-111	202	15	situation	situation	NOUN
aijbms-111	202	16	.	.	PUNCT
aijbms-111	203	1	if	if	SCONJ
aijbms-111	203	2	the	the	DET
aijbms-111	203	3	residuals	residual	NOUN
aijbms-111	203	4	from	from	ADP
aijbms-111	203	5	the	the	DET
aijbms-111	203	6	regression	regression	NOUN
aijbms-111	203	7	are	be	AUX
aijbms-111	203	8	1(1	1(1	NUM
aijbms-111	203	9	)	)	PUNCT
aijbms-111	203	10	or	or	CCONJ
aijbms-111	203	11	2(2	2(2	NUM
aijbms-111	203	12	)	)	PUNCT
aijbms-111	203	13	,	,	PUNCT
aijbms-111	203	14	i.e.	i.e.	X
aijbms-111	203	15	stationary	stationary	NOUN
aijbms-111	203	16	,	,	PUNCT
aijbms-111	203	17	then	then	ADV
aijbms-111	203	18	variables	variable	NOUN
aijbms-111	203	19	are	be	AUX
aijbms-111	203	20	said	say	VERB
aijbms-111	203	21	to	to	PART
aijbms-111	203	22	be	be	AUX
aijbms-111	203	23	cointegrated	cointegrate	VERB
aijbms-111	203	24	and	and	CCONJ
aijbms-111	203	25	hence	hence	ADV
aijbms-111	203	26	interrelated	interrelate	VERB
aijbms-111	203	27	with	with	ADP
aijbms-111	203	28	each	each	DET
aijbms-111	203	29	other	other	ADJ
aijbms-111	203	30	in	in	ADP
aijbms-111	203	31	the	the	DET
aijbms-111	203	32	long	long	ADJ
aijbms-111	203	33	run	run	NOUN
aijbms-111	203	34	.	.	PUNCT
aijbms-111	204	1	this	this	DET
aijbms-111	204	2	approach	approach	NOUN
aijbms-111	204	3	is	be	AUX
aijbms-111	204	4	based	base	VERB
aijbms-111	204	5	on	on	ADP
aijbms-111	204	6	conducting	conduct	VERB
aijbms-111	204	7	unit	unit	NOUN
aijbms-111	204	8	root	root	NOUN
aijbms-111	204	9	test	test	NOUN
aijbms-111	204	10	on	on	ADP
aijbms-111	204	11	residual	residual	ADJ
aijbms-111	204	12	obtained	obtain	VERB
aijbms-111	204	13	from	from	ADP
aijbms-111	204	14	the	the	DET
aijbms-111	204	15	estimated	estimate	VERB
aijbms-111	204	16	regression	regression	NOUN
aijbms-111	204	17	equation	equation	NOUN
aijbms-111	204	18	.	.	PUNCT
aijbms-111	205	1	if	if	SCONJ
aijbms-111	205	2	the	the	DET
aijbms-111	205	3	residual	residual	ADJ
aijbms-111	205	4	is	be	AUX
aijbms-111	205	5	found	find	VERB
aijbms-111	205	6	to	to	PART
aijbms-111	205	7	be	be	AUX
aijbms-111	205	8	stationary	stationary	ADJ
aijbms-111	205	9	at	at	ADP
aijbms-111	205	10	level	level	NOUN
aijbms-111	205	11	,	,	PUNCT
aijbms-111	205	12	we	we	PRON
aijbms-111	205	13	conclude	conclude	VERB
aijbms-111	205	14	that	that	SCONJ
aijbms-111	205	15	the	the	DET
aijbms-111	205	16	variables	variable	NOUN
aijbms-111	205	17	are	be	AUX
aijbms-111	205	18	co	co	ADJ
aijbms-111	205	19	-	-	VERB
aijbms-111	205	20	integrated	integrated	ADJ
aijbms-111	205	21	and	and	CCONJ
aijbms-111	205	22	as	as	ADV
aijbms-111	205	23	such	such	ADJ
aijbms-111	205	24	as	as	ADP
aijbms-111	205	25	long	long	ADV
aijbms-111	205	26	-	-	PUNCT
aijbms-111	205	27	run	run	NOUN
aijbms-111	205	28	relationship	relationship	NOUN
aijbms-111	205	29	exists	exist	VERB
aijbms-111	205	30	among	among	ADP
aijbms-111	205	31	them	they	PRON
aijbms-111	205	32	.	.	PUNCT
aijbms-111	206	1	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	PROPN
aijbms-111	206	2	american	american	PROPN
aijbms-111	206	3	international	international	PROPN
aijbms-111	206	4	journal	journal	PROPN
aijbms-111	206	5	of	of	ADP
aijbms-111	206	6	business	business	NOUN
aijbms-111	206	7	and	and	CCONJ
aijbms-111	206	8	management	management	NOUN
aijbms-111	206	9	studies	study	NOUN
aijbms-111	206	10	vol	vol	NOUN
aijbms-111	206	11	.	.	PROPN
aijbms-111	207	1	1	1	NUM
aijbms-111	207	2	,	,	PUNCT
aijbms-111	207	3	no	no	INTJ
aijbms-111	207	4	.	.	NOUN
aijbms-111	207	5	1	1	NUM
aijbms-111	207	6	;	;	PUNCT
aijbms-111	208	1	2019	2019	NUM
aijbms-111	208	2	28	28	NUM
aijbms-111	208	3	tijt	tijt	PROPN
aijbms-111	208	4	j	j	PROPN
aijbms-111	209	1	i	i	PRON
aijbms-111	209	2	iit	iit	VERB
aijbms-111	210	1	i	i	PRON
aijbms-111	210	2	i	i	PRON
aijbms-111	210	3	tot	tot	VERB
aijbms-111	210	4	tatawta	tatawta	NOUN
aijbms-111	210	5	1	1	NUM
aijbms-111	210	6	11	11	NUM
aijbms-111	210	7			NOUN
aijbms-111	210	8			NOUN
aijbms-111	211	1			PROPN
aijbms-111	211	2			PROPN
aijbms-111	211	3			PROPN
aijbms-111	211	4			PROPN
aijbms-111	211	5			DET
aijbms-111	211	6	9	9	NUM
aijbms-111	211	7	granger	granger	NOUN
aijbms-111	211	8	causality	causality	PROPN
aijbms-111	211	9	test	test	NOUN
aijbms-111	211	10	one	one	NUM
aijbms-111	211	11	of	of	ADP
aijbms-111	211	12	the	the	DET
aijbms-111	211	13	objectives	objective	NOUN
aijbms-111	211	14	of	of	ADP
aijbms-111	211	15	this	this	DET
aijbms-111	211	16	study	study	NOUN
aijbms-111	211	17	is	be	AUX
aijbms-111	211	18	to	to	PART
aijbms-111	211	19	investigate	investigate	VERB
aijbms-111	211	20	the	the	DET
aijbms-111	211	21	causality	causality	NOUN
aijbms-111	211	22	between	between	ADP
aijbms-111	211	23	the	the	DET
aijbms-111	211	24	independent	independent	ADJ
aijbms-111	211	25	and	and	CCONJ
aijbms-111	211	26	the	the	DET
aijbms-111	211	27	dependent	dependent	ADJ
aijbms-111	211	28	variables	variable	NOUN
aijbms-111	211	29	.	.	PUNCT
aijbms-111	212	1	granger	granger	PROPN
aijbms-111	212	2	causality	causality	PROPN
aijbms-111	212	3	test	test	NOUN
aijbms-111	212	4	according	accord	VERB
aijbms-111	212	5	granger	granger	PROPN
aijbms-111	212	6	(	(	PUNCT
aijbms-111	212	7	1969	1969	NUM
aijbms-111	212	8	)	)	PUNCT
aijbms-111	212	9	is	be	AUX
aijbms-111	212	10	used	use	VERB
aijbms-111	212	11	to	to	PART
aijbms-111	212	12	examine	examine	VERB
aijbms-111	212	13	direction	direction	NOUN
aijbms-111	212	14	of	of	ADP
aijbms-111	212	15	causality	causality	NOUN
aijbms-111	212	16	between	between	ADP
aijbms-111	212	17	two	two	NUM
aijbms-111	212	18	variables	variable	NOUN
aijbms-111	212	19	.	.	PUNCT
aijbms-111	213	1	causality	causality	NOUN
aijbms-111	213	2	means	mean	VERB
aijbms-111	213	3	the	the	DET
aijbms-111	213	4	impact	impact	NOUN
aijbms-111	213	5	of	of	ADP
aijbms-111	213	6	one	one	NUM
aijbms-111	213	7	variable	variable	NOUN
aijbms-111	213	8	on	on	ADP
aijbms-111	213	9	another	another	PRON
aijbms-111	213	10	,	,	PUNCT
aijbms-111	213	11	in	in	ADP
aijbms-111	213	12	other	other	ADJ
aijbms-111	213	13	-	-	PUNCT
aijbms-111	213	14	words	word	NOUN
aijbms-111	213	15	;	;	PUNCT
aijbms-111	213	16	causality	causality	NOUN
aijbms-111	213	17	is	be	AUX
aijbms-111	213	18	when	when	SCONJ
aijbms-111	213	19	an	an	DET
aijbms-111	213	20	independent	independent	ADJ
aijbms-111	213	21	variable	variable	NOUN
aijbms-111	213	22	causes	cause	VERB
aijbms-111	213	23	changes	change	NOUN
aijbms-111	213	24	in	in	ADP
aijbms-111	213	25	a	a	DET
aijbms-111	213	26	dependent	dependent	ADJ
aijbms-111	213	27	variable	variable	NOUN
aijbms-111	213	28	.	.	PUNCT
aijbms-111	214	1	the	the	DET
aijbms-111	214	2	rationale	rationale	NOUN
aijbms-111	214	3	for	for	ADP
aijbms-111	214	4	conducting	conduct	VERB
aijbms-111	214	5	this	this	DET
aijbms-111	214	6	test	test	NOUN
aijbms-111	214	7	is	be	AUX
aijbms-111	214	8	that	that	SCONJ
aijbms-111	214	9	it	it	PRON
aijbms-111	214	10	enables	enable	VERB
aijbms-111	214	11	the	the	DET
aijbms-111	214	12	researcher	researcher	NOUN
aijbms-111	214	13	to	to	PART
aijbms-111	214	14	know	know	VERB
aijbms-111	214	15	whether	whether	SCONJ
aijbms-111	214	16	the	the	DET
aijbms-111	214	17	independent	independent	ADJ
aijbms-111	214	18	variables	variable	NOUN
aijbms-111	214	19	can	can	AUX
aijbms-111	214	20	actually	actually	ADV
aijbms-111	214	21	cause	cause	VERB
aijbms-111	214	22	the	the	DET
aijbms-111	214	23	variations	variation	NOUN
aijbms-111	214	24	in	in	ADP
aijbms-111	214	25	the	the	DET
aijbms-111	214	26	dependent	dependent	ADJ
aijbms-111	214	27	variable	variable	NOUN
aijbms-111	214	28	.	.	PUNCT
aijbms-111	215	1	thus	thus	ADV
aijbms-111	215	2	,	,	PUNCT
aijbms-111	215	3	granger	granger	PROPN
aijbms-111	215	4	causality	causality	PROPN
aijbms-111	215	5	test	test	NOUN
aijbms-111	215	6	helps	help	VERB
aijbms-111	215	7	in	in	ADP
aijbms-111	215	8	adequate	adequate	ADJ
aijbms-111	215	9	specification	specification	NOUN
aijbms-111	215	10	of	of	ADP
aijbms-111	215	11	model	model	NOUN
aijbms-111	215	12	.	.	PUNCT
aijbms-111	216	1	in	in	ADP
aijbms-111	216	2	granger	granger	PROPN
aijbms-111	216	3	causality	causality	PROPN
aijbms-111	216	4	test	test	NOUN
aijbms-111	216	5	,	,	PUNCT
aijbms-111	216	6	the	the	DET
aijbms-111	216	7	null	null	ADJ
aijbms-111	216	8	hypothesis	hypothesis	NOUN
aijbms-111	216	9	is	be	AUX
aijbms-111	216	10	:	:	PUNCT
aijbms-111	216	11	no	no	DET
aijbms-111	216	12	causality	causality	NOUN
aijbms-111	216	13	between	between	ADP
aijbms-111	216	14	two	two	NUM
aijbms-111	216	15	variables	variable	NOUN
aijbms-111	216	16	.	.	PUNCT
aijbms-111	217	1	the	the	DET
aijbms-111	217	2	null	null	ADJ
aijbms-111	217	3	hypotheses	hypothesis	NOUN
aijbms-111	217	4	is	be	AUX
aijbms-111	217	5	rejected	reject	VERB
aijbms-111	217	6	if	if	SCONJ
aijbms-111	217	7	the	the	DET
aijbms-111	217	8	probability	probability	NOUN
aijbms-111	217	9	of	of	ADP
aijbms-111	217	10	f	f	PROPN
aijbms-111	217	11	*	*	PROPN
aijbms-111	217	12	statistic	statistic	NOUN
aijbms-111	217	13	given	give	VERB
aijbms-111	217	14	in	in	ADP
aijbms-111	217	15	the	the	DET
aijbms-111	217	16	granger	granger	PROPN
aijbms-111	217	17	causality	causality	PROPN
aijbms-111	217	18	result	result	NOUN
aijbms-111	217	19	is	be	AUX
aijbms-111	217	20	less	less	ADJ
aijbms-111	217	21	than	than	ADP
aijbms-111	217	22	0.05	0.05	NUM
aijbms-111	217	23	.	.	PUNCT
aijbms-111	218	1	the	the	DET
aijbms-111	218	2	pair	pair	NOUN
aijbms-111	218	3	-	-	PUNCT
aijbms-111	218	4	wise	wise	ADJ
aijbms-111	218	5	granger	granger	PROPN
aijbms-111	218	6	causality	causality	NOUN
aijbms-111	218	7	test	test	NOUN
aijbms-111	218	8	is	be	AUX
aijbms-111	218	9	mathematically	mathematically	ADV
aijbms-111	218	10	expressed	express	VERB
aijbms-111	218	11	as	as	ADP
aijbms-111	218	12	:	:	SYM
aijbms-111	218	13	111	111	NUM
aijbms-111	218	14	1	1	NUM
aijbms-111	218	15	11	11	NUM
aijbms-111	218	16	1	1	NUM
aijbms-111	218	17	uxyxy	uxyxy	NOUN
aijbms-111	218	18	t	t	NOUN
aijbms-111	218	19	x	x	PUNCT
aijbms-111	219	1	n	n	INTJ
aijbms-111	219	2	i	i	PRON
aijbms-111	219	3	t	t	VERB
aijbms-111	220	1	y	y	PROPN
aijbms-111	221	1	n	n	INTJ
aijbms-111	222	1	i	i	PRON
aijbms-111	222	2	ot	ot	VERB
aijbms-111	222	3			ADJ
aijbms-111	222	4			PROPN
aijbms-111	222	5			PROPN
aijbms-111	222	6			PROPN
aijbms-111	222	7			NOUN
aijbms-111	222	8			PROPN
aijbms-111	223	1			PROPN
aijbms-111	223	2	10	10	NUM
aijbms-111	223	3	1	1	NUM
aijbms-111	223	4	v	v	NUM
aijbms-111	223	5	1y	1y	NOUN
aijbms-111	223	6	xxdp1	xxdp1	PROPN
aijbms-111	224	1	n	n	PROPN
aijbms-111	224	2	1i	1i	NOUN
aijbms-111	224	3	1yt	1yt	NOUN
aijbms-111	225	1	y	y	PROPN
aijbms-111	225	2	1	1	NUM
aijbms-111	225	3	dp	dp	NOUN
aijbms-111	225	4	n	n	NUM
aijbms-111	225	5	1i	1i	NOUN
aijbms-111	225	6	o	o	NOUN
aijbms-111	226	1	dp	dp	NOUN
aijbms-111	226	2	t	t	PROPN
aijbms-111	226	3	x	x	PROPN
aijbms-111	226	4			PROPN
aijbms-111	226	5			X
aijbms-111	226	6			X
aijbms-111	226	7			NUM
aijbms-111	227	1			X
aijbms-111	227	2			NOUN
aijbms-111	227	3			SYM
aijbms-111	227	4	11	11	NUM
aijbms-111	227	5	where	where	SCONJ
aijbms-111	227	6	xt	xt	PUNCT
aijbms-111	227	7	and	and	CCONJ
aijbms-111	227	8	yt	yt	PROPN
aijbms-111	227	9	are	be	AUX
aijbms-111	227	10	the	the	DET
aijbms-111	227	11	variables	variable	NOUN
aijbms-111	227	12	to	to	PART
aijbms-111	227	13	be	be	AUX
aijbms-111	227	14	tested	test	VERB
aijbms-111	227	15	white	white	PROPN
aijbms-111	227	16	ut	ut	PROPN
aijbms-111	227	17	and	and	CCONJ
aijbms-111	227	18	vt	vt	PROPN
aijbms-111	227	19	are	be	AUX
aijbms-111	227	20	the	the	DET
aijbms-111	227	21	white	white	ADJ
aijbms-111	227	22	noise	noise	NOUN
aijbms-111	227	23	disturbance	disturbance	NOUN
aijbms-111	227	24	terms	term	NOUN
aijbms-111	227	25	.	.	PUNCT
aijbms-111	228	1	the	the	DET
aijbms-111	228	2	null	null	ADJ
aijbms-111	228	3	hypothesis	hypothesis	NOUN
aijbms-111	228	4	011	011	NUM
aijbms-111	228	5			NUM
aijbms-111	228	6	yy	yy	PROPN
aijbms-111	228	7	dp	dp	PROPN
aijbms-111	228	8	,	,	PUNCT
aijbms-111	228	9	for	for	ADP
aijbms-111	228	10	all	all	PRON
aijbms-111	228	11	i	i	PRON
aijbms-111	228	12	’s	’	VERB
aijbms-111	228	13	is	be	AUX
aijbms-111	228	14	tested	test	VERB
aijbms-111	228	15	against	against	ADP
aijbms-111	228	16	the	the	DET
aijbms-111	228	17	alternative	alternative	ADJ
aijbms-111	228	18	hypothesis	hypothesis	NOUN
aijbms-111	228	19	01	01	NUM
aijbms-111	228	20	x	x	PUNCT
aijbms-111	228	21	and	and	CCONJ
aijbms-111	228	22	.01	.01	NUM
aijbms-111	228	23	ydp	ydp	PROPN
aijbms-111	228	24	if	if	SCONJ
aijbms-111	228	25	the	the	DET
aijbms-111	228	26	coefficient	coefficient	NOUN
aijbms-111	228	27	of	of	ADP
aijbms-111	228	28	x	x	PROPN
aijbms-111	228	29	1	1	NUM
aijbms-111	228	30	are	be	AUX
aijbms-111	228	31	statistically	statistically	ADV
aijbms-111	228	32	significant	significant	ADJ
aijbms-111	228	33	but	but	CCONJ
aijbms-111	228	34	that	that	PRON
aijbms-111	228	35	of	of	ADP
aijbms-111	228	36	ydp1	ydp1	NOUN
aijbms-111	228	37	are	be	AUX
aijbms-111	228	38	not	not	PART
aijbms-111	228	39	,	,	PUNCT
aijbms-111	228	40	then	then	ADV
aijbms-111	228	41	x	x	PUNCT
aijbms-111	228	42	causes	cause	VERB
aijbms-111	228	43	y.	y.	PROPN
aijbms-111	228	44	if	if	SCONJ
aijbms-111	228	45	the	the	DET
aijbms-111	228	46	reverse	reverse	NOUN
aijbms-111	228	47	is	be	AUX
aijbms-111	228	48	true	true	ADJ
aijbms-111	228	49	then	then	ADV
aijbms-111	228	50	y	y	PROPN
aijbms-111	228	51	causes	cause	VERB
aijbms-111	228	52	x.	x.	NOUN
aijbms-111	228	53	however	however	ADV
aijbms-111	228	54	,	,	PUNCT
aijbms-111	228	55	where	where	SCONJ
aijbms-111	228	56	both	both	DET
aijbms-111	228	57	co	co	ADJ
aijbms-111	228	58	-	-	ADJ
aijbms-111	228	59	efficient	efficient	ADJ
aijbms-111	228	60	of	of	ADP
aijbms-111	228	61	x	x	SYM
aijbms-111	228	62	1	1	NUM
aijbms-111	228	63	and	and	CCONJ
aijbms-111	228	64	ydp1	ydp1	NOUN
aijbms-111	228	65	are	be	AUX
aijbms-111	228	66	significant	significant	ADJ
aijbms-111	228	67	then	then	ADV
aijbms-111	228	68	causality	causality	NOUN
aijbms-111	228	69	is	be	AUX
aijbms-111	228	70	bi	bi	ADJ
aijbms-111	228	71	–	–	PUNCT
aijbms-111	228	72	directional	directional	ADJ
aijbms-111	228	73	.	.	PUNCT
aijbms-111	229	1	data	datum	NOUN
aijbms-111	229	2	analysis	analysis	NOUN
aijbms-111	229	3	method	method	VERB
aijbms-111	229	4	the	the	DET
aijbms-111	229	5	method	method	NOUN
aijbms-111	229	6	of	of	ADP
aijbms-111	229	7	data	datum	NOUN
aijbms-111	229	8	analysis	analysis	NOUN
aijbms-111	229	9	to	to	PART
aijbms-111	229	10	be	be	AUX
aijbms-111	229	11	used	use	VERB
aijbms-111	229	12	in	in	ADP
aijbms-111	229	13	this	this	DET
aijbms-111	229	14	study	study	NOUN
aijbms-111	229	15	is	be	AUX
aijbms-111	229	16	the	the	DET
aijbms-111	229	17	simple	simple	ADJ
aijbms-111	229	18	linear	linear	ADJ
aijbms-111	229	19	regression	regression	NOUN
aijbms-111	229	20	using	use	VERB
aijbms-111	229	21	ordinary	ordinary	ADJ
aijbms-111	229	22	least	least	ADJ
aijbms-111	229	23	square	square	ADJ
aijbms-111	229	24	method	method	NOUN
aijbms-111	229	25	.	.	PUNCT
aijbms-111	230	1	this	this	DET
aijbms-111	230	2	approach	approach	NOUN
aijbms-111	230	3	,	,	PUNCT
aijbms-111	230	4	which	which	PRON
aijbms-111	230	5	is	be	AUX
aijbms-111	230	6	a	a	DET
aijbms-111	230	7	quantitative	quantitative	ADJ
aijbms-111	230	8	technique	technique	NOUN
aijbms-111	230	9	,	,	PUNCT
aijbms-111	230	10	includes	include	VERB
aijbms-111	230	11	tables	table	NOUN
aijbms-111	230	12	and	and	CCONJ
aijbms-111	230	13	the	the	DET
aijbms-111	230	14	test	test	NOUN
aijbms-111	230	15	for	for	ADP
aijbms-111	230	16	the	the	DET
aijbms-111	230	17	hypotheses	hypothesis	NOUN
aijbms-111	230	18	formulated	formulate	VERB
aijbms-111	230	19	by	by	ADP
aijbms-111	230	20	using	use	VERB
aijbms-111	230	21	ordinary	ordinary	ADJ
aijbms-111	230	22	least	least	ADJ
aijbms-111	230	23	square	square	ADJ
aijbms-111	230	24	with	with	ADP
aijbms-111	230	25	econometric	econometric	ADJ
aijbms-111	230	26	view	view	NOUN
aijbms-111	230	27	regression	regression	NOUN
aijbms-111	230	28	analysis	analysis	NOUN
aijbms-111	230	29	at	at	ADP
aijbms-111	230	30	5	5	NUM
aijbms-111	230	31	%	%	NOUN
aijbms-111	230	32	level	level	NOUN
aijbms-111	230	33	of	of	ADP
aijbms-111	230	34	significance	significance	NOUN
aijbms-111	230	35	.	.	PUNCT
aijbms-111	231	1	results	result	NOUN
aijbms-111	231	2	and	and	CCONJ
aijbms-111	231	3	discussions	discussion	NOUN
aijbms-111	231	4	the	the	DET
aijbms-111	231	5	tables	table	NOUN
aijbms-111	231	6	below	below	ADV
aijbms-111	231	7	have	have	VERB
aijbms-111	231	8	details	detail	NOUN
aijbms-111	231	9	of	of	ADP
aijbms-111	231	10	the	the	DET
aijbms-111	231	11	dynamic	dynamic	ADJ
aijbms-111	231	12	effect	effect	NOUN
aijbms-111	231	13	of	of	ADP
aijbms-111	231	14	macroeconomic	macroeconomic	ADJ
aijbms-111	231	15	variables	variable	NOUN
aijbms-111	231	16	and	and	CCONJ
aijbms-111	231	17	private	private	ADJ
aijbms-111	231	18	investment	investment	NOUN
aijbms-111	231	19	in	in	ADP
aijbms-111	231	20	nigeria	nigeria	PROPN
aijbms-111	231	21	.	.	PUNCT
aijbms-111	232	1	table	table	NOUN
aijbms-111	233	1	i	i	NOUN
aijbms-111	233	2	:	:	PUNCT
aijbms-111	233	3	dynamic	dynamic	ADJ
aijbms-111	233	4	effect	effect	NOUN
aijbms-111	233	5	of	of	ADP
aijbms-111	233	6	macroeconomic	macroeconomic	ADJ
aijbms-111	233	7	variables	variable	NOUN
aijbms-111	233	8	on	on	ADP
aijbms-111	233	9	private	private	ADJ
aijbms-111	233	10	investment	investment	NOUN
aijbms-111	233	11	:	:	PUNCT
aijbms-111	233	12	private	private	ADJ
aijbms-111	233	13	real	real	ADJ
aijbms-111	233	14	investment	investment	NOUN
aijbms-111	233	15	variable	variable	ADJ
aijbms-111	233	16	coefficient	coefficient	NOUN
aijbms-111	233	17	std	std	PROPN
aijbms-111	233	18	.	.	NOUN
aijbms-111	233	19	error	error	NOUN
aijbms-111	233	20	t	t	NOUN
aijbms-111	233	21	-	-	PUNCT
aijbms-111	233	22	statistic	statistic	NOUN
aijbms-111	233	23	prob	prob	NOUN
aijbms-111	233	24	.	.	PUNCT
aijbms-111	234	1	rgdp	rgdp	PROPN
aijbms-111	234	2	2.082194	2.082194	NUM
aijbms-111	234	3	1.228528	1.228528	NUM
aijbms-111	234	4	1.694870	1.694870	NUM
aijbms-111	234	5	0.1073	0.1073	NUM
aijbms-111	234	6	ope	ope	NOUN
aijbms-111	234	7	0.174101	0.174101	NUM
aijbms-111	234	8	0.303387	0.303387	NUM
aijbms-111	234	9	0.573860	0.573860	NUM
aijbms-111	234	10	0.5732	0.5732	NUM
aijbms-111	234	11	m2	m2	PROPN
aijbms-111	234	12	-0.662831	-0.662831	NOUN
aijbms-111	234	13	0.227875	0.227875	NUM
aijbms-111	234	14	-2.908749	-2.908749	NOUN
aijbms-111	234	15	0.0094	0.0094	NUM
aijbms-111	234	16	intr	intr	NOUN
aijbms-111	234	17	1.370468	1.370468	NUM
aijbms-111	234	18	0.727841	0.727841	NUM
aijbms-111	234	19	1.882923	1.882923	NUM
aijbms-111	234	20	0.0260	0.0260	NUM
aijbms-111	234	21	ifr	ifr	PROPN
aijbms-111	234	22	-0.310196	-0.310196	PROPN
aijbms-111	234	23	0.216799	0.216799	NUM
aijbms-111	234	24	-1.430804	-1.430804	NOUN
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aijbms-111	234	26	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	NOUN
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aijbms-111	243	6	;	;	PUNCT
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aijbms-111	245	7	the	the	DET
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aijbms-111	245	9	;	;	PUNCT
aijbms-111	245	10	real	real	ADJ
aijbms-111	245	11	gross	gross	ADJ
aijbms-111	245	12	domestic	domestic	ADJ
aijbms-111	245	13	products	product	NOUN
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aijbms-111	245	31	except	except	SCONJ
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aijbms-111	246	5	sector	sector	NOUN
aijbms-111	246	6	deepening	deepening	NOUN
aijbms-111	246	7	and	and	CCONJ
aijbms-111	246	8	exchange	exchange	NOUN
aijbms-111	246	9	rate	rate	NOUN
aijbms-111	246	10	have	have	VERB
aijbms-111	246	11	positive	positive	ADJ
aijbms-111	246	12	and	and	CCONJ
aijbms-111	246	13	insignificant	insignificant	ADJ
aijbms-111	246	14	effect	effect	NOUN
aijbms-111	246	15	on	on	ADP
aijbms-111	246	16	private	private	ADJ
aijbms-111	246	17	equity	equity	NOUN
aijbms-111	246	18	investment	investment	NOUN
aijbms-111	246	19	except	except	SCONJ
aijbms-111	246	20	financial	financial	ADJ
aijbms-111	246	21	deepening	deepening	NOUN
aijbms-111	246	22	with	with	ADP
aijbms-111	246	23	significant	significant	ADJ
aijbms-111	246	24	effect	effect	NOUN
aijbms-111	246	25	.	.	PUNCT
aijbms-111	247	1	the	the	DET
aijbms-111	247	2	r	r	NOUN
aijbms-111	247	3	2	2	NUM
aijbms-111	247	4	proved	prove	VERB
aijbms-111	247	5	that	that	SCONJ
aijbms-111	247	6	the	the	DET
aijbms-111	247	7	independent	independent	ADJ
aijbms-111	247	8	variables	variable	NOUN
aijbms-111	247	9	can	can	AUX
aijbms-111	247	10	predict	predict	VERB
aijbms-111	247	11	66.9	66.9	NUM
aijbms-111	247	12	percent	percent	NOUN
aijbms-111	247	13	variation	variation	NOUN
aijbms-111	247	14	on	on	ADP
aijbms-111	247	15	private	private	ADJ
aijbms-111	247	16	equity	equity	NOUN
aijbms-111	247	17	investment	investment	NOUN
aijbms-111	247	18	.	.	PUNCT
aijbms-111	248	1	the	the	DET
aijbms-111	248	2	fstatistics	fstatistic	NOUN
aijbms-111	248	3	found	find	VERB
aijbms-111	248	4	that	that	SCONJ
aijbms-111	248	5	the	the	DET
aijbms-111	248	6	model	model	NOUN
aijbms-111	248	7	is	be	AUX
aijbms-111	248	8	significant	significant	ADJ
aijbms-111	248	9	while	while	SCONJ
aijbms-111	248	10	the	the	DET
aijbms-111	248	11	durbin	durbin	PROPN
aijbms-111	248	12	watson	watson	PROPN
aijbms-111	248	13	statistics	statistics	PROPN
aijbms-111	248	14	proved	prove	VERB
aijbms-111	248	15	the	the	DET
aijbms-111	248	16	presence	presence	NOUN
aijbms-111	248	17	of	of	ADP
aijbms-111	248	18	serial	serial	ADJ
aijbms-111	248	19	autocorrelation	autocorrelation	NOUN
aijbms-111	248	20	.	.	PUNCT
aijbms-111	249	1	the	the	DET
aijbms-111	249	2	positive	positive	ADJ
aijbms-111	249	3	effect	effect	NOUN
aijbms-111	249	4	of	of	ADP
aijbms-111	249	5	the	the	DET
aijbms-111	249	6	variables	variable	NOUN
aijbms-111	249	7	confirms	confirm	VERB
aijbms-111	249	8	the	the	DET
aijbms-111	249	9	a	a	PRON
aijbms-111	249	10	-	-	PUNCT
aijbms-111	249	11	priori	priori	ADJ
aijbms-111	249	12	expectation	expectation	NOUN
aijbms-111	249	13	of	of	ADP
aijbms-111	249	14	the	the	DET
aijbms-111	249	15	study	study	NOUN
aijbms-111	249	16	and	and	CCONJ
aijbms-111	249	17	various	various	ADJ
aijbms-111	249	18	reforms	reform	NOUN
aijbms-111	249	19	in	in	ADP
aijbms-111	249	20	the	the	DET
aijbms-111	249	21	nigerian	nigerian	ADJ
aijbms-111	249	22	economy	economy	NOUN
aijbms-111	249	23	to	to	PART
aijbms-111	249	24	attract	attract	VERB
aijbms-111	249	25	foreign	foreign	ADJ
aijbms-111	249	26	real	real	ADJ
aijbms-111	249	27	and	and	CCONJ
aijbms-111	249	28	portfolio	portfolio	NOUN
aijbms-111	249	29	investment	investment	NOUN
aijbms-111	249	30	.	.	PUNCT
aijbms-111	250	1	empirically	empirically	ADV
aijbms-111	250	2	it	it	PRON
aijbms-111	250	3	confirm	confirm	VERB
aijbms-111	250	4	the	the	DET
aijbms-111	250	5	findings	finding	NOUN
aijbms-111	250	6	of	of	ADP
aijbms-111	250	7	adelowokan	adelowokan	PROPN
aijbms-111	250	8	adesoye	adesoye	NOUN
aijbms-111	250	9	&	&	CCONJ
aijbms-111	250	10	balogun	balogun	VERB
aijbms-111	250	11	(	(	PUNCT
aijbms-111	250	12	2015	2015	NUM
aijbms-111	250	13	)	)	PUNCT
aijbms-111	250	14	confirm	confirm	VERB
aijbms-111	250	15	the	the	DET
aijbms-111	250	16	existence	existence	NOUN
aijbms-111	250	17	of	of	ADP
aijbms-111	250	18	long	long	ADJ
aijbms-111	250	19	run	run	NOUN
aijbms-111	250	20	relationship	relationship	NOUN
aijbms-111	250	21	between	between	ADP
aijbms-111	250	22	exchange	exchange	NOUN
aijbms-111	250	23	rate	rate	NOUN
aijbms-111	250	24	,	,	PUNCT
aijbms-111	250	25	investment	investment	NOUN
aijbms-111	250	26	,	,	PUNCT
aijbms-111	250	27	interest	interest	NOUN
aijbms-111	250	28	rate	rate	NOUN
aijbms-111	250	29	,	,	PUNCT
aijbms-111	250	30	inflation	inflation	NOUN
aijbms-111	250	31	and	and	CCONJ
aijbms-111	250	32	growth	growth	NOUN
aijbms-111	250	33	and	and	CCONJ
aijbms-111	250	34	that	that	SCONJ
aijbms-111	250	35	exchange	exchange	NOUN
aijbms-111	250	36	rate	rate	NOUN
aijbms-111	250	37	volatility	volatility	NOUN
aijbms-111	250	38	has	have	VERB
aijbms-111	250	39	a	a	DET
aijbms-111	250	40	negative	negative	ADJ
aijbms-111	250	41	effect	effect	NOUN
aijbms-111	250	42	with	with	ADP
aijbms-111	250	43	investment	investment	NOUN
aijbms-111	250	44	and	and	CCONJ
aijbms-111	250	45	growth	growth	NOUN
aijbms-111	250	46	while	while	SCONJ
aijbms-111	250	47	exchange	exchange	NOUN
aijbms-111	250	48	rate	rate	NOUN
aijbms-111	250	49	volatility	volatility	NOUN
aijbms-111	250	50	has	have	VERB
aijbms-111	250	51	a	a	DET
aijbms-111	250	52	positive	positive	ADJ
aijbms-111	250	53	relationship	relationship	NOUN
aijbms-111	250	54	with	with	ADP
aijbms-111	250	55	inflation	inflation	NOUN
aijbms-111	250	56	and	and	CCONJ
aijbms-111	250	57	interest	interest	NOUN
aijbms-111	250	58	rate	rate	NOUN
aijbms-111	250	59	in	in	ADP
aijbms-111	250	60	nigeria	nigeria	PROPN
aijbms-111	250	61	.	.	PUNCT
aijbms-111	251	1	rasaq	rasaq	NOUN
aijbms-111	251	2	(	(	PUNCT
aijbms-111	251	3	2013	2013	NUM
aijbms-111	251	4	)	)	PUNCT
aijbms-111	251	5	that	that	SCONJ
aijbms-111	251	6	exchange	exchange	NOUN
aijbms-111	251	7	rate	rate	NOUN
aijbms-111	251	8	volatility	volatility	NOUN
aijbms-111	251	9	has	have	VERB
aijbms-111	251	10	a	a	DET
aijbms-111	251	11	positive	positive	ADJ
aijbms-111	251	12	influence	influence	NOUN
aijbms-111	251	13	on	on	ADP
aijbms-111	251	14	gdp	gdp	PROPN
aijbms-111	251	15	,	,	PUNCT
aijbms-111	251	16	fdi	fdi	NOUN
aijbms-111	251	17	and	and	CCONJ
aijbms-111	251	18	trade	trade	NOUN
aijbms-111	251	19	openness	openness	NOUN
aijbms-111	251	20	with	with	ADP
aijbms-111	251	21	a	a	DET
aijbms-111	251	22	negative	negative	ADJ
aijbms-111	251	23	influence	influence	NOUN
aijbms-111	251	24	on	on	ADP
aijbms-111	251	25	the	the	DET
aijbms-111	251	26	inflationary	inflationary	ADJ
aijbms-111	251	27	rate	rate	NOUN
aijbms-111	251	28	in	in	ADP
aijbms-111	251	29	the	the	DET
aijbms-111	251	30	country	country	NOUN
aijbms-111	251	31	.	.	PUNCT
aijbms-111	252	1	ndikumana	ndikumana	PROPN
aijbms-111	252	2	(	(	PUNCT
aijbms-111	252	3	2014	2014	NUM
aijbms-111	252	4	)	)	PUNCT
aijbms-111	252	5	that	that	SCONJ
aijbms-111	252	6	monetary	monetary	ADJ
aijbms-111	252	7	policy	policy	NOUN
aijbms-111	252	8	affects	affect	VERB
aijbms-111	252	9	domestic	domestic	ADJ
aijbms-111	252	10	investment	investment	NOUN
aijbms-111	252	11	negatively	negatively	ADV
aijbms-111	252	12	indirectly	indirectly	ADV
aijbms-111	252	13	through	through	ADP
aijbms-111	252	14	the	the	DET
aijbms-111	252	15	bank	bank	NOUN
aijbms-111	252	16	lending	lending	NOUN
aijbms-111	252	17	or	or	CCONJ
aijbms-111	252	18	quantity	quantity	NOUN
aijbms-111	252	19	channel	channel	NOUN
aijbms-111	252	20	,	,	PUNCT
aijbms-111	252	21	as	as	ADV
aijbms-111	252	22	well	well	ADV
aijbms-111	252	23	as	as	ADP
aijbms-111	252	24	directly	directly	ADV
aijbms-111	252	25	through	through	ADP
aijbms-111	252	26	the	the	DET
aijbms-111	252	27	interest	interest	NOUN
aijbms-111	252	28	rate	rate	NOUN
aijbms-111	252	29	or	or	CCONJ
aijbms-111	252	30	cost	cost	NOUN
aijbms-111	252	31	of	of	ADP
aijbms-111	252	32	capital	capital	NOUN
aijbms-111	252	33	channel	channel	NOUN
aijbms-111	252	34	.	.	PUNCT
aijbms-111	253	1	zulkefly	zulkefly	PROPN
aijbms-111	253	2	abdul	abdul	PROPN
aijbms-111	253	3	karim	karim	PROPN
aijbms-111	253	4	(	(	PUNCT
aijbms-111	253	5	2010	2010	NUM
aijbms-111	253	6	)	)	PUNCT
aijbms-111	253	7	that	that	SCONJ
aijbms-111	253	8	the	the	DET
aijbms-111	253	9	impact	impact	NOUN
aijbms-111	253	10	of	of	ADP
aijbms-111	253	11	monetary	monetary	ADJ
aijbms-111	253	12	policy	policy	NOUN
aijbms-111	253	13	channels	channel	NOUN
aijbms-111	253	14	to	to	ADP
aijbms-111	253	15	the	the	DET
aijbms-111	253	16	institutions	institution	NOUN
aijbms-111	253	17	investment	investment	NOUN
aijbms-111	253	18	are	be	AUX
aijbms-111	253	19	heterogeneous	heterogeneous	ADJ
aijbms-111	253	20	,	,	PUNCT
aijbms-111	253	21	therefore	therefore	ADV
aijbms-111	253	22	the	the	DET
aijbms-111	253	23	small	small	ADJ
aijbms-111	253	24	institutions	institution	NOUN
aijbms-111	253	25	that	that	PRON
aijbms-111	253	26	faced	face	VERB
aijbms-111	253	27	financial	financial	ADJ
aijbms-111	253	28	constraint	constraint	NOUN
aijbms-111	253	29	responded	respond	VERB
aijbms-111	253	30	more	more	ADJ
aijbms-111	253	31	to	to	ADP
aijbms-111	253	32	monetary	monetary	ADJ
aijbms-111	253	33	tightening	tightening	NOUN
aijbms-111	253	34	as	as	SCONJ
aijbms-111	253	35	compared	compare	VERB
aijbms-111	253	36	to	to	ADP
aijbms-111	253	37	the	the	DET
aijbms-111	253	38	large	large	ADJ
aijbms-111	253	39	institution	institution	NOUN
aijbms-111	253	40	.	.	PUNCT
aijbms-111	254	1	tobias	tobias	PROPN
aijbms-111	254	2	and	and	CCONJ
aijbms-111	254	3	mambo	mambo	PROPN
aijbms-111	254	4	(	(	PUNCT
aijbms-111	254	5	2012	2012	NUM
aijbms-111	254	6	)	)	PUNCT
aijbms-111	254	7	that	that	SCONJ
aijbms-111	254	8	government	government	NOUN
aijbms-111	254	9	domestic	domestic	ADJ
aijbms-111	254	10	debt	debt	NOUN
aijbms-111	254	11	and	and	CCONJ
aijbms-111	254	12	treasury	treasury	PROPN
aijbms-111	254	13	bill	bill	NOUN
aijbms-111	254	14	rate	rate	NOUN
aijbms-111	254	15	are	be	AUX
aijbms-111	254	16	inversely	inversely	ADV
aijbms-111	254	17	related	relate	VERB
aijbms-111	254	18	to	to	ADP
aijbms-111	254	19	private	private	ADJ
aijbms-111	254	20	sector	sector	NOUN
aijbms-111	254	21	investment	investment	NOUN
aijbms-111	254	22	,	,	PUNCT
aijbms-111	254	23	while	while	SCONJ
aijbms-111	254	24	money	money	NOUN
aijbms-111	254	25	supply	supply	NOUN
aijbms-111	254	26	and	and	CCONJ
aijbms-111	254	27	domestic	domestic	ADJ
aijbms-111	254	28	savings	saving	NOUN
aijbms-111	254	29	have	have	VERB
aijbms-111	254	30	positive	positive	ADJ
aijbms-111	254	31	relationship	relationship	NOUN
aijbms-111	254	32	with	with	ADP
aijbms-111	254	33	private	private	ADJ
aijbms-111	254	34	sector	sector	NOUN
aijbms-111	254	35	investment	investment	NOUN
aijbms-111	254	36	consistent	consistent	ADJ
aijbms-111	254	37	with	with	ADP
aijbms-111	254	38	the	the	DET
aijbms-111	254	39	islam	islam	PROPN
aijbms-111	254	40	model	model	PROPN
aijbms-111	254	41	.	.	PUNCT
aijbms-111	255	1	table	table	PROPN
aijbms-111	255	2	ii	ii	PROPN
aijbms-111	255	3	:	:	PUNCT
aijbms-111	255	4	adf	adf	PROPN
aijbms-111	255	5	unit	unit	NOUN
aijbms-111	255	6	root	root	PROPN
aijbms-111	255	7	test	test	NOUN
aijbms-111	255	8	variable	variable	ADJ
aijbms-111	255	9	adf	adf	PROPN
aijbms-111	255	10	stat	stat	PROPN
aijbms-111	255	11	mackinnon	mackinnon	PROPN
aijbms-111	255	12	value	value	PROPN
aijbms-111	255	13	1	1	NUM
aijbms-111	255	14	%	%	NOUN
aijbms-111	255	15	5	5	NUM
aijbms-111	255	16	%	%	NOUN
aijbms-111	255	17	10	10	NUM
aijbms-111	255	18	%	%	NOUN
aijbms-111	255	19	prob	prob	NOUN
aijbms-111	255	20	.	.	PUNCT
aijbms-111	256	1	order	order	NOUN
aijbms-111	256	2	of	of	ADP
aijbms-111	256	3	integration	integration	NOUN
aijbms-111	256	4	remark	remark	VERB
aijbms-111	256	5	pri	pri	NOUN
aijbms-111	256	6	-4.729164	-4.729164	NOUN
aijbms-111	256	7	-3.724070	-3.724070	PROPN
aijbms-111	256	8	-2.986225	-2.986225	PUNCT
aijbms-111	256	9	-2.632604	-2.632604	VERB
aijbms-111	257	1	0.0009	0.0009	NUM
aijbms-111	257	2	i(i	i(i	NOUN
aijbms-111	257	3	)	)	PUNCT
aijbms-111	257	4	stationary	stationary	PROPN
aijbms-111	257	5	pei	pei	PROPN
aijbms-111	257	6	-1.725512	-1.725512	PROPN
aijbms-111	257	7	-3.752946	-3.752946	PROPN
aijbms-111	257	8	-2.998064	-2.998064	PROPN
aijbms-111	257	9	-2.638752	-2.638752	PROPN
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aijbms-111	258	2	i(0	i(0	NOUN
aijbms-111	258	3	)	)	PUNCT
aijbms-111	258	4	not	not	PART
aijbms-111	258	5	stationary	stationary	ADJ
aijbms-111	258	6	ope	ope	NOUN
aijbms-111	258	7	-8.642427	-8.642427	NOUN
aijbms-111	258	8	-3.724070	-3.724070	PROPN
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aijbms-111	258	11	0.0000	0.0000	NUM
aijbms-111	258	12	i(i	i(i	NOUN
aijbms-111	258	13	)	)	PUNCT
aijbms-111	258	14	stationary	stationary	PROPN
aijbms-111	258	15	rgdp	rgdp	PROPN
aijbms-111	258	16	-6.857014	-6.857014	NOUN
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aijbms-111	259	2	i(i	i(i	NOUN
aijbms-111	259	3	)	)	PUNCT
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aijbms-111	259	5	m2	m2	PROPN
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aijbms-111	259	11	i(i	i(i	NOUN
aijbms-111	259	12	)	)	PUNCT
aijbms-111	259	13	stationary	stationary	ADJ
aijbms-111	259	14	intr	intr	PROPN
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aijbms-111	259	16	-3.711457	-3.711457	PROPN
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aijbms-111	259	20	i(i	i(i	PROPN
aijbms-111	259	21	)	)	PUNCT
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aijbms-111	259	23	ifr	ifr	PROPN
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aijbms-111	260	2	i(i	i(i	NOUN
aijbms-111	260	3	)	)	PUNCT
aijbms-111	260	4	stationary	stationary	ADJ
aijbms-111	260	5	fd	fd	PROPN
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aijbms-111	260	8	-3.020686	-3.020686	PROPN
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aijbms-111	260	11	i(i	i(i	NOUN
aijbms-111	260	12	)	)	PUNCT
aijbms-111	260	13	stationary	stationary	PROPN
aijbms-111	260	14	exr	exr	PROPN
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aijbms-111	260	16	-3.737853	-3.737853	PROPN
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aijbms-111	261	2	-2.635542	-2.635542	NOUN
aijbms-111	261	3	0.0000	0.0000	NUM
aijbms-111	261	4	i(i	i(i	NOUN
aijbms-111	261	5	)	)	PUNCT
aijbms-111	261	6	stationary	stationary	ADJ
aijbms-111	261	7	source	source	NOUN
aijbms-111	261	8	:	:	PUNCT
aijbms-111	261	9	extract	extract	NOUN
aijbms-111	261	10	from	from	ADP
aijbms-111	261	11	e	e	NOUN
aijbms-111	261	12	-	-	NOUN
aijbms-111	261	13	view	view	NOUN
aijbms-111	261	14	9.0	9.0	NUM
aijbms-111	261	15	from	from	ADP
aijbms-111	261	16	the	the	DET
aijbms-111	261	17	table	table	NOUN
aijbms-111	261	18	,	,	PUNCT
aijbms-111	261	19	all	all	DET
aijbms-111	261	20	the	the	DET
aijbms-111	261	21	variables	variable	NOUN
aijbms-111	261	22	are	be	AUX
aijbms-111	261	23	stationery	stationery	NOUN
aijbms-111	261	24	at	at	ADP
aijbms-111	261	25	first	first	ADJ
aijbms-111	261	26	difference	difference	NOUN
aijbms-111	261	27	and	and	CCONJ
aijbms-111	261	28	integrated	integrate	VERB
aijbms-111	261	29	in	in	ADP
aijbms-111	261	30	the	the	DET
aijbms-111	261	31	order	order	NOUN
aijbms-111	261	32	of	of	ADP
aijbms-111	261	33	1(i	1(i	NUM
aijbms-111	261	34	)	)	PUNCT
aijbms-111	261	35	,	,	PUNCT
aijbms-111	261	36	we	we	PRON
aijbms-111	261	37	accept	accept	VERB
aijbms-111	261	38	alternate	alternate	ADJ
aijbms-111	261	39	hypothesis	hypothesis	NOUN
aijbms-111	261	40	except	except	SCONJ
aijbms-111	261	41	private	private	ADJ
aijbms-111	261	42	equity	equity	NOUN
aijbms-111	261	43	investment	investment	NOUN
aijbms-111	261	44	.	.	PUNCT
aijbms-111	262	1	table	table	NOUN
aijbms-111	262	2	iii	iii	PROPN
aijbms-111	262	3	:	:	PUNCT
aijbms-111	262	4	cointegration	cointegration	NOUN
aijbms-111	262	5	test	test	NOUN
aijbms-111	262	6	:	:	PUNCT
aijbms-111	262	7	trace	trace	NOUN
aijbms-111	262	8	test	test	NOUN
aijbms-111	262	9	:	:	PUNCT
aijbms-111	262	10	private	private	ADJ
aijbms-111	262	11	real	real	ADJ
aijbms-111	262	12	investment	investment	NOUN
aijbms-111	262	13	hypothesized	hypothesize	VERB
aijbms-111	262	14	trace	trace	NOUN
aijbms-111	262	15	0.05	0.05	NUM
aijbms-111	262	16	no	no	NOUN
aijbms-111	262	17	.	.	PUNCT
aijbms-111	263	1	of	of	ADP
aijbms-111	263	2	ce(s	ce(s	ADV
aijbms-111	263	3	)	)	PUNCT
aijbms-111	263	4	eigenvalue	eigenvalue	NOUN
aijbms-111	263	5	statistic	statistic	ADJ
aijbms-111	263	6	critical	critical	ADJ
aijbms-111	263	7	value	value	NOUN
aijbms-111	263	8	prob	prob	NOUN
aijbms-111	263	9	.	.	PUNCT
aijbms-111	264	1	*	*	PUNCT
aijbms-111	264	2	*	*	PUNCT
aijbms-111	264	3	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	PROPN
aijbms-111	264	4	american	american	PROPN
aijbms-111	264	5	international	international	PROPN
aijbms-111	264	6	journal	journal	PROPN
aijbms-111	264	7	of	of	ADP
aijbms-111	264	8	business	business	NOUN
aijbms-111	264	9	and	and	CCONJ
aijbms-111	264	10	management	management	NOUN
aijbms-111	264	11	studies	study	NOUN
aijbms-111	264	12	vol	vol	NOUN
aijbms-111	264	13	.	.	PROPN
aijbms-111	265	1	1	1	NUM
aijbms-111	265	2	,	,	PUNCT
aijbms-111	265	3	no	no	INTJ
aijbms-111	265	4	.	.	NOUN
aijbms-111	265	5	1	1	NUM
aijbms-111	265	6	;	;	PUNCT
aijbms-111	266	1	2019	2019	NUM
aijbms-111	266	2	31	31	NUM
aijbms-111	266	3	none	none	NOUN
aijbms-111	266	4	*	*	PUNCT
aijbms-111	266	5	0.999924	0.999924	NUM
aijbms-111	266	6	364.1848	364.1848	NUM
aijbms-111	266	7	125.6154	125.6154	NUM
aijbms-111	266	8	0.0000	0.0000	NUM
aijbms-111	266	9	at	at	ADP
aijbms-111	266	10	most	most	ADV
aijbms-111	266	11	1	1	NUM
aijbms-111	266	12	*	*	SYM
aijbms-111	266	13	0.955999	0.955999	NUM
aijbms-111	266	14	155.6037	155.6037	NUM
aijbms-111	266	15	95.75366	95.75366	NUM
aijbms-111	266	16	0.0000	0.0000	NUM
aijbms-111	266	17	at	at	ADP
aijbms-111	266	18	most	most	ADJ
aijbms-111	266	19	2	2	NUM
aijbms-111	266	20	*	*	PUNCT
aijbms-111	266	21	0.885879	0.885879	NUM
aijbms-111	266	22	86.88569	86.88569	NUM
aijbms-111	266	23	69.81889	69.81889	NUM
aijbms-111	266	24	0.0012	0.0012	NUM
aijbms-111	266	25	at	at	ADP
aijbms-111	266	26	most	most	ADJ
aijbms-111	266	27	3	3	NUM
aijbms-111	266	28	0.611499	0.611499	NUM
aijbms-111	266	29	39.13480	39.13480	NUM
aijbms-111	266	30	47.85613	47.85613	NUM
aijbms-111	266	31	0.2549	0.2549	NUM
aijbms-111	266	32	at	at	ADP
aijbms-111	266	33	most	most	ADJ
aijbms-111	266	34	4	4	NUM
aijbms-111	266	35	0.375376	0.375376	NUM
aijbms-111	266	36	18.33471	18.33471	NUM
aijbms-111	266	37	29.79707	29.79707	NUM
aijbms-111	266	38	0.5415	0.5415	NUM
aijbms-111	266	39	at	at	ADP
aijbms-111	266	40	most	most	ADJ
aijbms-111	266	41	5	5	NUM
aijbms-111	266	42	0.301734	0.301734	NUM
aijbms-111	266	43	7.981377	7.981377	NUM
aijbms-111	266	44	15.49471	15.49471	NUM
aijbms-111	266	45	0.4674	0.4674	NUM
aijbms-111	266	46	at	at	ADP
aijbms-111	266	47	most	most	ADJ
aijbms-111	266	48	6	6	NUM
aijbms-111	266	49	0.003628	0.003628	NUM
aijbms-111	266	50	0.079953	0.079953	NUM
aijbms-111	266	51	3.841466	3.841466	NUM
aijbms-111	266	52	0.7773	0.7773	NUM
aijbms-111	266	53	private	private	ADJ
aijbms-111	266	54	equity	equity	NOUN
aijbms-111	266	55	investment	investment	NOUN
aijbms-111	266	56	hypothesized	hypothesize	VERB
aijbms-111	266	57	trace	trace	NOUN
aijbms-111	266	58	0.05	0.05	NUM
aijbms-111	266	59	no	no	NOUN
aijbms-111	266	60	.	.	PUNCT
aijbms-111	267	1	of	of	ADP
aijbms-111	267	2	ce(s	ce(s	ADV
aijbms-111	267	3	)	)	PUNCT
aijbms-111	267	4	eigenvalue	eigenvalue	NOUN
aijbms-111	267	5	statistic	statistic	ADJ
aijbms-111	267	6	critical	critical	ADJ
aijbms-111	267	7	value	value	NOUN
aijbms-111	267	8	prob	prob	NOUN
aijbms-111	267	9	.	.	PUNCT
aijbms-111	268	1	*	*	PUNCT
aijbms-111	269	1	*	*	PUNCT
aijbms-111	270	1	none	none	NOUN
aijbms-111	270	2	*	*	PUNCT
aijbms-111	270	3	0.994167	0.994167	NUM
aijbms-111	270	4	337.3117	337.3117	NUM
aijbms-111	270	5	159.5297	159.5297	NUM
aijbms-111	270	6	0.0000	0.0000	NUM
aijbms-111	270	7	at	at	ADP
aijbms-111	270	8	most	most	ADV
aijbms-111	270	9	1	1	NUM
aijbms-111	270	10	*	*	PUNCT
aijbms-111	270	11	0.969372	0.969372	NUM
aijbms-111	270	12	208.7053	208.7053	NUM
aijbms-111	270	13	125.6154	125.6154	NUM
aijbms-111	270	14	0.0000	0.0000	NUM
aijbms-111	270	15	at	at	ADP
aijbms-111	270	16	most	most	ADJ
aijbms-111	270	17	2	2	NUM
aijbms-111	270	18	*	*	PUNCT
aijbms-111	270	19	0.847933	0.847933	NUM
aijbms-111	270	20	121.5593	121.5593	NUM
aijbms-111	270	21	95.75366	95.75366	NUM
aijbms-111	270	22	0.0003	0.0003	NUM
aijbms-111	270	23	at	at	ADP
aijbms-111	270	24	most	most	ADJ
aijbms-111	270	25	3	3	NUM
aijbms-111	270	26	*	*	PUNCT
aijbms-111	270	27	0.638880	0.638880	NUM
aijbms-111	270	28	74.47340	74.47340	NUM
aijbms-111	270	29	69.81889	69.81889	NUM
aijbms-111	270	30	0.0202	0.0202	NUM
aijbms-111	270	31	at	at	ADP
aijbms-111	270	32	most	most	ADV
aijbms-111	270	33	4	4	NUM
aijbms-111	270	34	*	*	NUM
aijbms-111	270	35	0.588725	0.588725	NUM
aijbms-111	270	36	49.00978	49.00978	NUM
aijbms-111	270	37	47.85613	47.85613	NUM
aijbms-111	270	38	0.0388	0.0388	NUM
aijbms-111	270	39	at	at	ADP
aijbms-111	270	40	most	most	ADJ
aijbms-111	270	41	5	5	NUM
aijbms-111	270	42	0.451685	0.451685	NUM
aijbms-111	270	43	26.79747	26.79747	NUM
aijbms-111	270	44	29.79707	29.79707	NUM
aijbms-111	270	45	0.1067	0.1067	NUM
aijbms-111	270	46	at	at	ADP
aijbms-111	270	47	most	most	ADJ
aijbms-111	270	48	6	6	NUM
aijbms-111	270	49	0.274106	0.274106	NUM
aijbms-111	270	50	11.77485	11.77485	NUM
aijbms-111	270	51	15.49471	15.49471	NUM
aijbms-111	270	52	0.1680	0.1680	NUM
aijbms-111	270	53	at	at	ADP
aijbms-111	270	54	most	most	ADJ
aijbms-111	270	55	7	7	NUM
aijbms-111	270	56	0.139845	0.139845	NUM
aijbms-111	270	57	3.766064	3.766064	NUM
aijbms-111	270	58	3.841466	3.841466	NUM
aijbms-111	270	59	0.0523	0.0523	NUM
aijbms-111	270	60	source	source	NOUN
aijbms-111	270	61	:	:	PUNCT
aijbms-111	270	62	extract	extract	NOUN
aijbms-111	270	63	from	from	ADP
aijbms-111	270	64	e	e	NOUN
aijbms-111	270	65	-	-	NOUN
aijbms-111	270	66	view	view	VERB
aijbms-111	270	67	9.0	9.0	NUM
aijbms-111	270	68	the	the	DET
aijbms-111	270	69	table	table	NOUN
aijbms-111	270	70	above	above	ADV
aijbms-111	270	71	shows	show	VERB
aijbms-111	270	72	the	the	DET
aijbms-111	270	73	co	co	NOUN
aijbms-111	270	74	-	-	NOUN
aijbms-111	270	75	integration	integration	NOUN
aijbms-111	270	76	results	result	NOUN
aijbms-111	270	77	of	of	ADP
aijbms-111	270	78	the	the	DET
aijbms-111	270	79	variables	variable	NOUN
aijbms-111	270	80	;	;	PUNCT
aijbms-111	270	81	it	it	PRON
aijbms-111	270	82	shows	show	VERB
aijbms-111	270	83	at	at	ADV
aijbms-111	270	84	least	least	ADV
aijbms-111	270	85	two	two	NUM
aijbms-111	270	86	cointegrating	cointegrate	VERB
aijbms-111	270	87	equations	equation	NOUN
aijbms-111	270	88	in	in	ADP
aijbms-111	270	89	model	model	NOUN
aijbms-111	270	90	one	one	NUM
aijbms-111	270	91	and	and	CCONJ
aijbms-111	270	92	four	four	NUM
aijbms-111	270	93	cointegrating	cointegrate	VERB
aijbms-111	270	94	equation	equation	NOUN
aijbms-111	270	95	in	in	ADP
aijbms-111	270	96	model	model	NOUN
aijbms-111	270	97	two	two	NUM
aijbms-111	270	98	.	.	PUNCT
aijbms-111	271	1	this	this	PRON
aijbms-111	271	2	indicates	indicate	VERB
aijbms-111	271	3	the	the	DET
aijbms-111	271	4	presence	presence	NOUN
aijbms-111	271	5	of	of	ADP
aijbms-111	271	6	long	long	ADJ
aijbms-111	271	7	run	run	NOUN
aijbms-111	271	8	relationship	relationship	NOUN
aijbms-111	271	9	between	between	ADP
aijbms-111	271	10	the	the	DET
aijbms-111	271	11	variables	variable	NOUN
aijbms-111	271	12	in	in	ADP
aijbms-111	271	13	the	the	DET
aijbms-111	271	14	time	time	NOUN
aijbms-111	271	15	series	series	NOUN
aijbms-111	271	16	.	.	PUNCT
aijbms-111	272	1	the	the	DET
aijbms-111	272	2	null	null	ADJ
aijbms-111	272	3	hypotheses	hypothesis	NOUN
aijbms-111	272	4	of	of	ADP
aijbms-111	272	5	no	no	DET
aijbms-111	272	6	cointegration	cointegration	NOUN
aijbms-111	272	7	are	be	AUX
aijbms-111	272	8	rejected	reject	VERB
aijbms-111	272	9	and	and	CCONJ
aijbms-111	272	10	the	the	DET
aijbms-111	272	11	alternate	alternate	ADJ
aijbms-111	272	12	accepted	accept	VERB
aijbms-111	272	13	.	.	PUNCT
aijbms-111	273	1	table	table	NOUN
aijbms-111	273	2	iv	iv	PROPN
aijbms-111	273	3	:	:	PUNCT
aijbms-111	273	4	normalized	normalize	VERB
aijbms-111	273	5	cointegration	cointegration	NOUN
aijbms-111	273	6	test	test	NOUN
aijbms-111	273	7	:	:	PUNCT
aijbms-111	274	1	private	private	ADJ
aijbms-111	274	2	real	real	ADJ
aijbms-111	274	3	investment	investment	NOUN
aijbms-111	274	4	pei	pei	PROPN
aijbms-111	274	5	rgdp	rgdp	PROPN
aijbms-111	274	6	ope	ope	PROPN
aijbms-111	274	7	m2	m2	PROPN
aijbms-111	274	8	intr	intr	PROPN
aijbms-111	274	9	ifr	ifr	PROPN
aijbms-111	274	10	exr	exr	PROPN
aijbms-111	274	11	1.000000	1.000000	NUM
aijbms-111	274	12	8.084933	8.084933	NUM
aijbms-111	274	13	-0.269303	-0.269303	NOUN
aijbms-111	274	14	1.239984	1.239984	NUM
aijbms-111	274	15	-2.571665	-2.571665	NOUN
aijbms-111	274	16	0.811905	0.811905	NUM
aijbms-111	274	17	-0.123045	-0.123045	NOUN
aijbms-111	274	18	(	(	PUNCT
aijbms-111	274	19	0.03993	0.03993	NUM
aijbms-111	274	20	)	)	PUNCT
aijbms-111	274	21	(	(	PUNCT
aijbms-111	274	22	0.00413	0.00413	NUM
aijbms-111	274	23	)	)	PUNCT
aijbms-111	274	24	(	(	PUNCT
aijbms-111	274	25	0.00490	0.00490	NUM
aijbms-111	274	26	)	)	PUNCT
aijbms-111	274	27	(	(	PUNCT
aijbms-111	274	28	0.01587	0.01587	NUM
aijbms-111	274	29	)	)	PUNCT
aijbms-111	274	30	(	(	PUNCT
aijbms-111	274	31	0.00395	0.00395	NUM
aijbms-111	274	32	)	)	PUNCT
aijbms-111	274	33	(	(	PUNCT
aijbms-111	274	34	0.00125	0.00125	NUM
aijbms-111	274	35	)	)	PUNCT
aijbms-111	274	36	private	private	ADJ
aijbms-111	274	37	equity	equity	NOUN
aijbms-111	274	38	investment	investment	NOUN
aijbms-111	274	39	pri	pri	PROPN
aijbms-111	274	40	ope	ope	PROPN
aijbms-111	274	41	rgdp	rgdp	PROPN
aijbms-111	274	42	m2	m2	PROPN
aijbms-111	274	43	intr	intr	PROPN
aijbms-111	274	44	ifr	ifr	PROPN
aijbms-111	274	45	fd	fd	PROPN
aijbms-111	274	46	exr	exr	PROPN
aijbms-111	274	47	1.000000	1.000000	NUM
aijbms-111	274	48	0.134291	0.134291	NUM
aijbms-111	274	49	67.91182	67.91182	NUM
aijbms-111	274	50	6.059239	6.059239	NUM
aijbms-111	274	51	24.50820	24.50820	NUM
aijbms-111	274	52	-6.391699	-6.391699	NOUN
aijbms-111	274	53	-18.22613	-18.22613	PUNCT
aijbms-111	274	54	-2.232333	-2.232333	NOUN
aijbms-111	274	55	(	(	PUNCT
aijbms-111	274	56	0.18116	0.18116	NUM
aijbms-111	274	57	)	)	PUNCT
aijbms-111	274	58	(	(	PUNCT
aijbms-111	274	59	1.84531	1.84531	NUM
aijbms-111	274	60	)	)	PUNCT
aijbms-111	274	61	(	(	PUNCT
aijbms-111	274	62	0.23791	0.23791	NUM
aijbms-111	274	63	)	)	PUNCT
aijbms-111	274	64	(	(	PUNCT
aijbms-111	274	65	0.52915	0.52915	NUM
aijbms-111	274	66	)	)	PUNCT
aijbms-111	274	67	(	(	PUNCT
aijbms-111	274	68	0.19363	0.19363	NUM
aijbms-111	274	69	)	)	PUNCT
aijbms-111	274	70	(	(	PUNCT
aijbms-111	274	71	0.54170	0.54170	NUM
aijbms-111	274	72	)	)	PUNCT
aijbms-111	274	73	(	(	PUNCT
aijbms-111	274	74	0.05376	0.05376	NUM
aijbms-111	274	75	)	)	PUNCT
aijbms-111	274	76	source	source	NOUN
aijbms-111	274	77	:	:	PUNCT
aijbms-111	274	78	extract	extract	NOUN
aijbms-111	274	79	from	from	ADP
aijbms-111	274	80	e	e	NOUN
aijbms-111	274	81	-	-	NOUN
aijbms-111	274	82	view	view	NOUN
aijbms-111	274	83	9.0	9.0	NUM
aijbms-111	274	84	from	from	ADP
aijbms-111	274	85	the	the	DET
aijbms-111	274	86	table	table	NOUN
aijbms-111	274	87	,	,	PUNCT
aijbms-111	274	88	model	model	NOUN
aijbms-111	274	89	one	one	NUM
aijbms-111	274	90	found	find	VERB
aijbms-111	274	91	that	that	SCONJ
aijbms-111	274	92	openness	openness	NOUN
aijbms-111	274	93	of	of	ADP
aijbms-111	274	94	the	the	DET
aijbms-111	274	95	economy	economy	NOUN
aijbms-111	274	96	,	,	PUNCT
aijbms-111	274	97	interest	interest	NOUN
aijbms-111	274	98	rate	rate	NOUN
aijbms-111	274	99	and	and	CCONJ
aijbms-111	274	100	exchange	exchange	NOUN
aijbms-111	274	101	rate	rate	NOUN
aijbms-111	274	102	have	have	VERB
aijbms-111	274	103	negative	negative	ADJ
aijbms-111	274	104	long	long	ADJ
aijbms-111	274	105	run	run	NOUN
aijbms-111	274	106	effect	effect	NOUN
aijbms-111	274	107	on	on	ADP
aijbms-111	274	108	private	private	ADJ
aijbms-111	274	109	real	real	ADJ
aijbms-111	274	110	investment	investment	NOUN
aijbms-111	274	111	while	while	SCONJ
aijbms-111	274	112	real	real	ADJ
aijbms-111	274	113	gross	gross	ADJ
aijbms-111	274	114	domestic	domestic	ADJ
aijbms-111	274	115	products	product	NOUN
aijbms-111	274	116	,	,	PUNCT
aijbms-111	274	117	broad	broad	ADJ
aijbms-111	274	118	money	money	NOUN
aijbms-111	274	119	supply	supply	NOUN
aijbms-111	274	120	and	and	CCONJ
aijbms-111	274	121	inflation	inflation	NOUN
aijbms-111	274	122	rate	rate	NOUN
aijbms-111	274	123	have	have	AUX
aijbms-111	274	124	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbm	VERB
aijbms-111	274	125	american	american	PROPN
aijbms-111	274	126	international	international	PROPN
aijbms-111	274	127	journal	journal	PROPN
aijbms-111	274	128	of	of	ADP
aijbms-111	274	129	business	business	NOUN
aijbms-111	274	130	and	and	CCONJ
aijbms-111	274	131	management	management	NOUN
aijbms-111	274	132	studies	study	NOUN
aijbms-111	274	133	vol	vol	NOUN
aijbms-111	274	134	.	.	PROPN
aijbms-111	275	1	1	1	NUM
aijbms-111	275	2	,	,	PUNCT
aijbms-111	275	3	no	no	INTJ
aijbms-111	275	4	.	.	NOUN
aijbms-111	275	5	1	1	NUM
aijbms-111	275	6	;	;	PUNCT
aijbms-111	275	7	2019	2019	NUM
aijbms-111	275	8	32	32	NUM
aijbms-111	275	9	positive	positive	ADJ
aijbms-111	275	10	long	long	ADJ
aijbms-111	275	11	run	run	NOUN
aijbms-111	275	12	effect	effect	NOUN
aijbms-111	275	13	on	on	ADP
aijbms-111	275	14	private	private	ADJ
aijbms-111	275	15	real	real	ADJ
aijbms-111	275	16	investment	investment	NOUN
aijbms-111	275	17	.	.	PUNCT
aijbms-111	276	1	financial	financial	ADJ
aijbms-111	276	2	deepening	deepening	NOUN
aijbms-111	276	3	was	be	AUX
aijbms-111	276	4	eliminated	eliminate	VERB
aijbms-111	276	5	in	in	ADP
aijbms-111	276	6	the	the	DET
aijbms-111	276	7	model	model	NOUN
aijbms-111	276	8	due	due	ADP
aijbms-111	276	9	to	to	ADP
aijbms-111	276	10	the	the	DET
aijbms-111	276	11	insignificant	insignificant	ADJ
aijbms-111	276	12	effect	effect	NOUN
aijbms-111	276	13	on	on	ADP
aijbms-111	276	14	private	private	ADJ
aijbms-111	276	15	real	real	ADJ
aijbms-111	276	16	investment	investment	NOUN
aijbms-111	276	17	in	in	ADP
aijbms-111	276	18	the	the	DET
aijbms-111	276	19	previous	previous	ADJ
aijbms-111	276	20	results	result	NOUN
aijbms-111	276	21	.	.	PUNCT
aijbms-111	277	1	model	model	NOUN
aijbms-111	277	2	two	two	NUM
aijbms-111	277	3	revealed	reveal	VERB
aijbms-111	277	4	that	that	SCONJ
aijbms-111	277	5	openness	openness	NOUN
aijbms-111	277	6	of	of	ADP
aijbms-111	277	7	the	the	DET
aijbms-111	277	8	economy	economy	NOUN
aijbms-111	277	9	,	,	PUNCT
aijbms-111	277	10	real	real	ADJ
aijbms-111	277	11	gross	gross	ADJ
aijbms-111	277	12	domestic	domestic	ADJ
aijbms-111	277	13	products	product	NOUN
aijbms-111	277	14	,	,	PUNCT
aijbms-111	277	15	broad	broad	ADJ
aijbms-111	277	16	money	money	NOUN
aijbms-111	277	17	supply	supply	NOUN
aijbms-111	277	18	and	and	CCONJ
aijbms-111	277	19	interest	interest	NOUN
aijbms-111	277	20	rate	rate	NOUN
aijbms-111	277	21	have	have	VERB
aijbms-111	277	22	positive	positive	ADJ
aijbms-111	277	23	long	long	ADJ
aijbms-111	277	24	run	run	NOUN
aijbms-111	277	25	effect	effect	NOUN
aijbms-111	277	26	on	on	ADP
aijbms-111	277	27	private	private	ADJ
aijbms-111	277	28	equity	equity	NOUN
aijbms-111	277	29	investment	investment	NOUN
aijbms-111	277	30	while	while	SCONJ
aijbms-111	277	31	inflation	inflation	NOUN
aijbms-111	277	32	rate	rate	NOUN
aijbms-111	277	33	,	,	PUNCT
aijbms-111	277	34	financial	financial	ADJ
aijbms-111	277	35	deepening	deepening	NOUN
aijbms-111	277	36	and	and	CCONJ
aijbms-111	277	37	exchange	exchange	NOUN
aijbms-111	277	38	rate	rate	NOUN
aijbms-111	277	39	have	have	VERB
aijbms-111	277	40	negative	negative	ADJ
aijbms-111	277	41	long	long	ADJ
aijbms-111	277	42	run	run	NOUN
aijbms-111	277	43	effect	effect	NOUN
aijbms-111	277	44	on	on	ADP
aijbms-111	277	45	private	private	ADJ
aijbms-111	277	46	equity	equity	NOUN
aijbms-111	277	47	investment	investment	NOUN
aijbms-111	277	48	.	.	PUNCT
aijbms-111	278	1	table	table	NOUN
aijbms-111	278	2	v	v	NOUN
aijbms-111	278	3	:	:	PUNCT
aijbms-111	278	4	granger	granger	PROPN
aijbms-111	278	5	causality	causality	PROPN
aijbms-111	278	6	test	test	NOUN
aijbms-111	278	7	:	:	PUNCT
aijbms-111	279	1	private	private	ADJ
aijbms-111	279	2	real	real	ADJ
aijbms-111	279	3	investment	investment	NOUN
aijbms-111	279	4	null	null	ADJ
aijbms-111	279	5	hypothesis	hypothesis	NOUN
aijbms-111	279	6	:	:	PUNCT
aijbms-111	279	7	obs	obs	PROPN
aijbms-111	279	8	f	f	NOUN
aijbms-111	279	9	-	-	PUNCT
aijbms-111	279	10	statistic	statistic	ADJ
aijbms-111	279	11	prob	prob	NOUN
aijbms-111	279	12	.	.	PUNCT
aijbms-111	280	1	ope	ope	PROPN
aijbms-111	280	2	does	do	AUX
aijbms-111	280	3	not	not	PART
aijbms-111	280	4	granger	granger	VERB
aijbms-111	280	5	cause	cause	VERB
aijbms-111	280	6	pri	pri	NOUN
aijbms-111	280	7	25	25	NUM
aijbms-111	280	8	3.91712	3.91712	NUM
aijbms-111	280	9	0.0367	0.0367	NUM
aijbms-111	280	10	pri	pri	NOUN
aijbms-111	280	11	does	do	AUX
aijbms-111	280	12	not	not	PART
aijbms-111	280	13	granger	granger	AUX
aijbms-111	280	14	cause	cause	VERB
aijbms-111	280	15	ope	ope	NOUN
aijbms-111	280	16	1.99542	1.99542	NUM
aijbms-111	280	17	0.1621	0.1621	NUM
aijbms-111	280	18	rgdp	rgdp	NOUN
aijbms-111	280	19	does	do	AUX
aijbms-111	280	20	not	not	PART
aijbms-111	280	21	granger	granger	AUX
aijbms-111	280	22	cause	cause	VERB
aijbms-111	280	23	pri	pri	NOUN
aijbms-111	280	24	25	25	NUM
aijbms-111	280	25	2.23044	2.23044	NUM
aijbms-111	280	26	0.1335	0.1335	NUM
aijbms-111	280	27	pri	pri	NOUN
aijbms-111	280	28	does	do	AUX
aijbms-111	280	29	not	not	PART
aijbms-111	280	30	granger	granger	AUX
aijbms-111	280	31	cause	cause	VERB
aijbms-111	280	32	rgdp	rgdp	NOUN
aijbms-111	280	33	1.47896	1.47896	NUM
aijbms-111	280	34	0.2518	0.2518	NUM
aijbms-111	280	35	m2	m2	PROPN
aijbms-111	280	36	does	do	AUX
aijbms-111	280	37	not	not	PART
aijbms-111	280	38	granger	granger	AUX
aijbms-111	280	39	cause	cause	VERB
aijbms-111	280	40	pri	pri	NOUN
aijbms-111	280	41	25	25	NUM
aijbms-111	280	42	0.24676	0.24676	NUM
aijbms-111	280	43	0.7837	0.7837	NUM
aijbms-111	280	44	pri	pri	NOUN
aijbms-111	280	45	does	do	AUX
aijbms-111	280	46	not	not	PART
aijbms-111	280	47	granger	granger	VERB
aijbms-111	280	48	cause	cause	VERB
aijbms-111	280	49	m2	m2	PROPN
aijbms-111	280	50	0.86216	0.86216	NUM
aijbms-111	280	51	0.4374	0.4374	NUM
aijbms-111	280	52	intr	intr	NOUN
aijbms-111	280	53	does	do	AUX
aijbms-111	280	54	not	not	PART
aijbms-111	280	55	granger	granger	AUX
aijbms-111	280	56	cause	cause	VERB
aijbms-111	280	57	pri	pri	NOUN
aijbms-111	280	58	25	25	NUM
aijbms-111	280	59	0.70304	0.70304	NUM
aijbms-111	280	60	0.5069	0.5069	NUM
aijbms-111	280	61	pri	pri	NOUN
aijbms-111	280	62	does	do	AUX
aijbms-111	280	63	not	not	PART
aijbms-111	280	64	granger	granger	VERB
aijbms-111	280	65	cause	cause	VERB
aijbms-111	280	66	intr	intr	VERB
aijbms-111	280	67	0.72839	0.72839	NUM
aijbms-111	280	68	0.4951	0.4951	NUM
aijbms-111	280	69	ifr	ifr	NOUN
aijbms-111	280	70	does	do	AUX
aijbms-111	280	71	not	not	PART
aijbms-111	280	72	granger	granger	AUX
aijbms-111	280	73	cause	cause	VERB
aijbms-111	280	74	pri	pri	NOUN
aijbms-111	280	75	25	25	NUM
aijbms-111	280	76	0.31345	0.31345	NUM
aijbms-111	280	77	0.7344	0.7344	NUM
aijbms-111	280	78	pri	pri	NOUN
aijbms-111	280	79	does	do	AUX
aijbms-111	280	80	not	not	PART
aijbms-111	280	81	granger	granger	AUX
aijbms-111	280	82	cause	cause	VERB
aijbms-111	280	83	ifr	ifr	PROPN
aijbms-111	280	84	0.24184	0.24184	NUM
aijbms-111	280	85	0.7874	0.7874	NUM
aijbms-111	280	86	fd	fd	X
aijbms-111	280	87	does	do	AUX
aijbms-111	280	88	not	not	PART
aijbms-111	280	89	granger	granger	AUX
aijbms-111	280	90	cause	cause	VERB
aijbms-111	280	91	pri	pri	NOUN
aijbms-111	280	92	25	25	NUM
aijbms-111	280	93	1.95776	1.95776	NUM
aijbms-111	280	94	0.1673	0.1673	NUM
aijbms-111	280	95	pri	pri	NOUN
aijbms-111	280	96	does	do	AUX
aijbms-111	280	97	not	not	PART
aijbms-111	280	98	granger	granger	PROPN
aijbms-111	280	99	cause	cause	VERB
aijbms-111	280	100	fd	fd	PROPN
aijbms-111	280	101	0.12008	0.12008	NUM
aijbms-111	280	102	0.8875	0.8875	NUM
aijbms-111	280	103	exr	exr	NOUN
aijbms-111	280	104	does	do	AUX
aijbms-111	280	105	not	not	PART
aijbms-111	280	106	granger	granger	AUX
aijbms-111	280	107	cause	cause	VERB
aijbms-111	280	108	pri	pri	NOUN
aijbms-111	280	109	25	25	NUM
aijbms-111	280	110	2.61825	2.61825	NUM
aijbms-111	280	111	0.0977	0.0977	NUM
aijbms-111	280	112	pri	pri	NOUN
aijbms-111	280	113	does	do	AUX
aijbms-111	280	114	not	not	PART
aijbms-111	280	115	granger	granger	VERB
aijbms-111	280	116	cause	cause	VERB
aijbms-111	280	117	exr	exr	PROPN
aijbms-111	280	118	1.33744	1.33744	NUM
aijbms-111	280	119	0.2850	0.2850	NUM
aijbms-111	280	120	private	private	ADJ
aijbms-111	280	121	equity	equity	NOUN
aijbms-111	280	122	investment	investment	NOUN
aijbms-111	280	123	rgdp	rgdp	NOUN
aijbms-111	280	124	does	do	AUX
aijbms-111	280	125	not	not	PART
aijbms-111	280	126	granger	granger	AUX
aijbms-111	280	127	cause	cause	VERB
aijbms-111	280	128	pei	pei	PROPN
aijbms-111	280	129	25	25	NUM
aijbms-111	280	130	4.89035	4.89035	NUM
aijbms-111	280	131	0.0187	0.0187	NUM
aijbms-111	280	132	pei	pei	PROPN
aijbms-111	280	133	does	do	AUX
aijbms-111	280	134	not	not	PART
aijbms-111	280	135	granger	granger	AUX
aijbms-111	280	136	cause	cause	VERB
aijbms-111	280	137	rgdp	rgdp	NOUN
aijbms-111	280	138	1.93215	1.93215	NUM
aijbms-111	280	139	0.1709	0.1709	NUM
aijbms-111	280	140	ope	ope	NOUN
aijbms-111	280	141	does	do	AUX
aijbms-111	280	142	not	not	PART
aijbms-111	280	143	granger	granger	AUX
aijbms-111	280	144	cause	cause	VERB
aijbms-111	280	145	pei	pei	PROPN
aijbms-111	280	146	25	25	NUM
aijbms-111	280	147	1.97295	1.97295	NUM
aijbms-111	280	148	0.1652	0.1652	NUM
aijbms-111	280	149	pei	pei	PROPN
aijbms-111	280	150	does	do	AUX
aijbms-111	280	151	not	not	PART
aijbms-111	280	152	granger	granger	VERB
aijbms-111	280	153	cause	cause	VERB
aijbms-111	280	154	ope	ope	NOUN
aijbms-111	280	155	0.40675	0.40675	NUM
aijbms-111	280	156	0.6712	0.6712	NUM
aijbms-111	280	157	m2	m2	PROPN
aijbms-111	280	158	does	do	AUX
aijbms-111	280	159	not	not	PART
aijbms-111	280	160	granger	granger	VERB
aijbms-111	280	161	cause	cause	VERB
aijbms-111	280	162	pei	pei	PROPN
aijbms-111	280	163	25	25	NUM
aijbms-111	280	164	1.16322	1.16322	NUM
aijbms-111	280	165	0.3327	0.3327	NUM
aijbms-111	280	166	pei	pei	PROPN
aijbms-111	280	167	does	do	AUX
aijbms-111	280	168	not	not	PART
aijbms-111	280	169	granger	granger	VERB
aijbms-111	280	170	cause	cause	VERB
aijbms-111	280	171	m2	m2	PROPN
aijbms-111	280	172	3.22333	3.22333	NUM
aijbms-111	280	173	0.0412	0.0412	NUM
aijbms-111	280	174	intr	intr	NOUN
aijbms-111	280	175	does	do	AUX
aijbms-111	280	176	not	not	PART
aijbms-111	280	177	granger	granger	AUX
aijbms-111	280	178	cause	cause	VERB
aijbms-111	280	179	pei	pei	PROPN
aijbms-111	280	180	25	25	NUM
aijbms-111	280	181	0.19881	0.19881	NUM
aijbms-111	280	182	0.8213	0.8213	NUM
aijbms-111	280	183	pei	pei	NOUN
aijbms-111	280	184	does	do	AUX
aijbms-111	280	185	not	not	PART
aijbms-111	280	186	granger	granger	VERB
aijbms-111	280	187	cause	cause	AUX
aijbms-111	280	188	intr	intr	VERB
aijbms-111	280	189	0.38062	0.38062	NUM
aijbms-111	280	190	0.6883	0.6883	NUM
aijbms-111	280	191	ifr	ifr	NOUN
aijbms-111	280	192	does	do	AUX
aijbms-111	280	193	not	not	PART
aijbms-111	280	194	granger	granger	AUX
aijbms-111	280	195	cause	cause	VERB
aijbms-111	280	196	pei	pei	PROPN
aijbms-111	280	197	25	25	NUM
aijbms-111	280	198	0.32198	0.32198	NUM
aijbms-111	281	1	0.7284	0.7284	NUM
aijbms-111	281	2	pei	pei	PROPN
aijbms-111	281	3	does	do	AUX
aijbms-111	281	4	not	not	PART
aijbms-111	281	5	granger	granger	AUX
aijbms-111	281	6	cause	cause	VERB
aijbms-111	281	7	ifr	ifr	PROPN
aijbms-111	281	8	6.04796	6.04796	NUM
aijbms-111	281	9	0.0088	0.0088	NUM
aijbms-111	281	10	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	NOUN
aijbms-111	281	11	american	american	PROPN
aijbms-111	281	12	international	international	PROPN
aijbms-111	281	13	journal	journal	PROPN
aijbms-111	281	14	of	of	ADP
aijbms-111	281	15	business	business	NOUN
aijbms-111	281	16	and	and	CCONJ
aijbms-111	281	17	management	management	NOUN
aijbms-111	281	18	studies	study	NOUN
aijbms-111	281	19	vol	vol	NOUN
aijbms-111	281	20	.	.	PROPN
aijbms-111	282	1	1	1	NUM
aijbms-111	282	2	,	,	PUNCT
aijbms-111	282	3	no	no	INTJ
aijbms-111	282	4	.	.	NOUN
aijbms-111	282	5	1	1	NUM
aijbms-111	282	6	;	;	PUNCT
aijbms-111	282	7	2019	2019	NUM
aijbms-111	282	8	33	33	NUM
aijbms-111	282	9	fd	fd	NOUN
aijbms-111	282	10	does	do	AUX
aijbms-111	282	11	not	not	PART
aijbms-111	282	12	granger	granger	AUX
aijbms-111	282	13	cause	cause	VERB
aijbms-111	282	14	pei	pei	PROPN
aijbms-111	282	15	25	25	NUM
aijbms-111	282	16	0.04266	0.04266	NUM
aijbms-111	282	17	0.9583	0.9583	NUM
aijbms-111	282	18	pei	pei	PROPN
aijbms-111	282	19	does	do	AUX
aijbms-111	282	20	not	not	PART
aijbms-111	282	21	granger	granger	PROPN
aijbms-111	282	22	cause	cause	VERB
aijbms-111	282	23	fd	fd	PROPN
aijbms-111	282	24	0.54564	0.54564	NUM
aijbms-111	282	25	0.5879	0.5879	NUM
aijbms-111	282	26	exr	exr	NOUN
aijbms-111	282	27	does	do	AUX
aijbms-111	282	28	not	not	PART
aijbms-111	282	29	granger	granger	AUX
aijbms-111	282	30	cause	cause	VERB
aijbms-111	282	31	pei	pei	PROPN
aijbms-111	282	32	22	22	NUM
aijbms-111	283	1	2.57553	2.57553	NUM
aijbms-111	283	2	0.1054	0.1054	NUM
aijbms-111	283	3	pei	pei	PROPN
aijbms-111	283	4	does	do	AUX
aijbms-111	283	5	not	not	PART
aijbms-111	283	6	granger	granger	AUX
aijbms-111	283	7	cause	cause	VERB
aijbms-111	283	8	exr	exr	PROPN
aijbms-111	283	9	4.37035	4.37035	NUM
aijbms-111	283	10	0.0294	0.0294	NUM
aijbms-111	283	11	source	source	NOUN
aijbms-111	283	12	:	:	PUNCT
aijbms-111	283	13	extract	extract	NOUN
aijbms-111	283	14	from	from	ADP
aijbms-111	283	15	e	e	NOUN
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aijbms-111	283	20	the	the	DET
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aijbms-111	283	26	uni	uni	ADJ
aijbms-111	283	27	-	-	ADJ
aijbms-111	283	28	directional	directional	ADJ
aijbms-111	283	29	causality	causality	NOUN
aijbms-111	283	30	from	from	ADP
aijbms-111	283	31	openness	openness	NOUN
aijbms-111	283	32	of	of	ADP
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aijbms-111	283	34	economy	economy	NOUN
aijbms-111	283	35	to	to	ADP
aijbms-111	283	36	private	private	ADJ
aijbms-111	283	37	real	real	ADJ
aijbms-111	283	38	investment	investment	NOUN
aijbms-111	283	39	.	.	PUNCT
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aijbms-111	284	7	no	no	DET
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aijbms-111	285	7	causality	causality	NOUN
aijbms-111	285	8	from	from	ADP
aijbms-111	285	9	real	real	ADJ
aijbms-111	285	10	gross	gross	ADJ
aijbms-111	285	11	domestic	domestic	ADJ
aijbms-111	285	12	product	product	NOUN
aijbms-111	285	13	to	to	ADP
aijbms-111	285	14	private	private	ADJ
aijbms-111	285	15	equity	equity	NOUN
aijbms-111	285	16	investment	investment	NOUN
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aijbms-111	285	22	to	to	ADP
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aijbms-111	285	32	inflation	inflation	NOUN
aijbms-111	285	33	rate	rate	NOUN
aijbms-111	285	34	and	and	CCONJ
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aijbms-111	285	38	investment	investment	NOUN
aijbms-111	285	39	to	to	PART
aijbms-111	285	40	exchange	exchange	NOUN
aijbms-111	285	41	rate	rate	NOUN
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aijbms-111	286	3	:	:	PUNCT
aijbms-111	286	4	estimated	estimate	VERB
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aijbms-111	286	6	correction	correction	NOUN
aijbms-111	286	7	model	model	VERB
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aijbms-111	286	10	std	std	PROPN
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aijbms-111	313	10	-0.164938	-0.164938	NOUN
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aijbms-111	313	13	)	)	PUNCT
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aijbms-111	317	11	d(intr(-3	d(intr(-3	NOUN
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aijbms-111	319	1	fd	fd	PROPN
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aijbms-111	319	5	0.5986	0.5986	NUM
aijbms-111	319	6	exr	exr	PROPN
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aijbms-111	319	12	)	)	PUNCT
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aijbms-111	319	15	-0.041376	-0.041376	NOUN
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aijbms-111	320	2	r	r	X
aijbms-111	320	3	-	-	PUNCT
aijbms-111	320	4	squared	square	VERB
aijbms-111	320	5	0.909374	0.909374	NUM
aijbms-111	320	6	mean	mean	NOUN
aijbms-111	320	7	dependent	dependent	ADJ
aijbms-111	320	8	var	var	NOUN
aijbms-111	320	9	-3.619524	-3.619524	NOUN
aijbms-111	320	10	adjusted	adjust	VERB
aijbms-111	320	11	r	r	NOUN
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aijbms-111	320	13	squared	square	VERB
aijbms-111	320	14	0.546868	0.546868	NUM
aijbms-111	320	15	s.d	s.d	PROPN
aijbms-111	320	16	.	.	PUNCT
aijbms-111	320	17	dependent	dependent	ADJ
aijbms-111	320	18	var	var	NOUN
aijbms-111	320	19	16.61566	16.61566	NUM
aijbms-111	320	20	s.e	s.e	PROPN
aijbms-111	320	21	.	.	PROPN
aijbms-111	320	22	of	of	ADP
aijbms-111	320	23	regression	regression	NOUN
aijbms-111	320	24	11.18484	11.18484	NUM
aijbms-111	320	25	akaike	akaike	ADP
aijbms-111	320	26	info	info	NOUN
aijbms-111	320	27	criterion	criterion	NOUN
aijbms-111	320	28	7.627815	7.627815	NUM
aijbms-111	320	29	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	NOUN
aijbms-111	320	30	american	american	PROPN
aijbms-111	320	31	international	international	PROPN
aijbms-111	320	32	journal	journal	PROPN
aijbms-111	320	33	of	of	ADP
aijbms-111	320	34	business	business	NOUN
aijbms-111	320	35	and	and	CCONJ
aijbms-111	320	36	management	management	NOUN
aijbms-111	320	37	studies	study	NOUN
aijbms-111	320	38	vol	vol	NOUN
aijbms-111	320	39	.	.	PROPN
aijbms-111	320	40	1	1	NUM
aijbms-111	320	41	,	,	PUNCT
aijbms-111	320	42	no	no	INTJ
aijbms-111	320	43	.	.	NOUN
aijbms-111	320	44	1	1	NUM
aijbms-111	320	45	;	;	PUNCT
aijbms-111	320	46	2019	2019	NUM
aijbms-111	320	47	35	35	NUM
aijbms-111	320	48	sum	sum	NOUN
aijbms-111	320	49	squared	square	VERB
aijbms-111	320	50	resid	resid	NOUN
aijbms-111	320	51	500.4024	500.4024	NUM
aijbms-111	320	52	schwarz	schwarz	PROPN
aijbms-111	320	53	criterion	criterion	NOUN
aijbms-111	320	54	8.473381	8.473381	NUM
aijbms-111	320	55	log	log	NOUN
aijbms-111	320	56	likelihood	likelihood	NOUN
aijbms-111	320	57	-63.09206	-63.09206	PUNCT
aijbms-111	320	58	hannan	hannan	PROPN
aijbms-111	320	59	-	-	PUNCT
aijbms-111	320	60	quinn	quinn	PROPN
aijbms-111	320	61	criter	criter	NOUN
aijbms-111	320	62	.	.	PUNCT
aijbms-111	321	1	7.811324	7.811324	NUM
aijbms-111	321	2	f	f	X
aijbms-111	321	3	-	-	PUNCT
aijbms-111	321	4	statistic	statistic	ADJ
aijbms-111	321	5	2.508581	2.508581	NUM
aijbms-111	321	6	durbin	durbin	ADJ
aijbms-111	321	7	-	-	PUNCT
aijbms-111	321	8	watson	watson	NOUN
aijbms-111	321	9	stat	stat	PROPN
aijbms-111	321	10	2.348027	2.348027	NUM
aijbms-111	321	11	prob(f	prob(f	NOUN
aijbms-111	321	12	-	-	PUNCT
aijbms-111	321	13	statistic	statistic	NOUN
aijbms-111	321	14	)	)	PUNCT
aijbms-111	321	15	0.193265	0.193265	NUM
aijbms-111	321	16	source	source	NOUN
aijbms-111	321	17	:	:	PUNCT
aijbms-111	321	18	extract	extract	NOUN
aijbms-111	321	19	from	from	ADP
aijbms-111	321	20	e	e	NOUN
aijbms-111	321	21	-	-	NOUN
aijbms-111	321	22	view	view	VERB
aijbms-111	321	23	9.0	9.0	NUM
aijbms-111	321	24	the	the	DET
aijbms-111	321	25	parsimonious	parsimonious	ADJ
aijbms-111	321	26	error	error	NOUN
aijbms-111	321	27	correction	correction	NOUN
aijbms-111	321	28	model	model	NOUN
aijbms-111	321	29	shows	show	VERB
aijbms-111	321	30	that	that	SCONJ
aijbms-111	321	31	the	the	DET
aijbms-111	321	32	macroeconomic	macroeconomic	ADJ
aijbms-111	321	33	variable	variable	NOUN
aijbms-111	321	34	can	can	AUX
aijbms-111	321	35	explain	explain	VERB
aijbms-111	321	36	99	99	NUM
aijbms-111	321	37	and	and	CCONJ
aijbms-111	321	38	90	90	NUM
aijbms-111	321	39	%	%	NOUN
aijbms-111	321	40	variation	variation	NOUN
aijbms-111	321	41	on	on	ADP
aijbms-111	321	42	the	the	DET
aijbms-111	321	43	private	private	ADJ
aijbms-111	321	44	real	real	ADJ
aijbms-111	321	45	and	and	CCONJ
aijbms-111	321	46	equity	equity	NOUN
aijbms-111	321	47	investment	investment	NOUN
aijbms-111	321	48	the	the	DET
aijbms-111	321	49	model	model	NOUN
aijbms-111	321	50	summary	summary	NOUN
aijbms-111	321	51	shows	show	VERB
aijbms-111	321	52	that	that	SCONJ
aijbms-111	321	53	the	the	DET
aijbms-111	321	54	model	model	NOUN
aijbms-111	321	55	is	be	AUX
aijbms-111	321	56	significant	significant	ADJ
aijbms-111	321	57	.	.	PUNCT
aijbms-111	322	1	however	however	ADV
aijbms-111	322	2	,	,	PUNCT
aijbms-111	322	3	the	the	DET
aijbms-111	322	4	durbin	durbin	PROPN
aijbms-111	322	5	watson	watson	PROPN
aijbms-111	322	6	statistics	statistics	PROPN
aijbms-111	322	7	justifies	justify	VERB
aijbms-111	322	8	that	that	SCONJ
aijbms-111	322	9	there	there	PRON
aijbms-111	322	10	is	be	VERB
aijbms-111	322	11	no	no	DET
aijbms-111	322	12	autocorrelation	autocorrelation	NOUN
aijbms-111	322	13	problem	problem	NOUN
aijbms-111	322	14	among	among	ADP
aijbms-111	322	15	the	the	DET
aijbms-111	322	16	variables	variable	NOUN
aijbms-111	322	17	in	in	ADP
aijbms-111	322	18	the	the	DET
aijbms-111	322	19	time	time	NOUN
aijbms-111	322	20	series	series	NOUN
aijbms-111	322	21	.	.	PUNCT
aijbms-111	323	1	the	the	DET
aijbms-111	323	2	macroeconomic	macroeconomic	ADJ
aijbms-111	323	3	variables	variable	NOUN
aijbms-111	323	4	shows	show	VERB
aijbms-111	323	5	that	that	SCONJ
aijbms-111	323	6	narrow	narrow	ADJ
aijbms-111	323	7	money	money	NOUN
aijbms-111	323	8	supply	supply	NOUN
aijbms-111	323	9	is	be	AUX
aijbms-111	323	10	negatively	negatively	ADV
aijbms-111	323	11	related	relate	VERB
aijbms-111	323	12	to	to	ADP
aijbms-111	323	13	the	the	DET
aijbms-111	323	14	private	private	ADJ
aijbms-111	323	15	real	real	ADJ
aijbms-111	323	16	and	and	CCONJ
aijbms-111	323	17	equity	equity	NOUN
aijbms-111	323	18	investment	investment	NOUN
aijbms-111	323	19	at	at	ADP
aijbms-111	323	20	lag	lag	NOUN
aijbms-111	323	21	1	1	NUM
aijbms-111	323	22	but	but	CCONJ
aijbms-111	323	23	positive	positive	ADJ
aijbms-111	323	24	at	at	ADP
aijbms-111	323	25	lag	lag	NOUN
aijbms-111	323	26	2	2	NUM
aijbms-111	323	27	and	and	CCONJ
aijbms-111	323	28	lag	lag	VERB
aijbms-111	323	29	3	3	NUM
aijbms-111	323	30	,	,	PUNCT
aijbms-111	323	31	interest	interest	NOUN
aijbms-111	323	32	rate	rate	NOUN
aijbms-111	323	33	is	be	AUX
aijbms-111	323	34	negatively	negatively	ADV
aijbms-111	323	35	related	relate	VERB
aijbms-111	323	36	at	at	ADP
aijbms-111	323	37	lag	lag	NOUN
aijbms-111	323	38	2	2	NUM
aijbms-111	323	39	while	while	SCONJ
aijbms-111	323	40	broad	broad	ADJ
aijbms-111	323	41	money	money	NOUN
aijbms-111	323	42	supply	supply	NOUN
aijbms-111	323	43	is	be	AUX
aijbms-111	323	44	negatively	negatively	ADV
aijbms-111	323	45	related	relate	VERB
aijbms-111	323	46	at	at	ADP
aijbms-111	323	47	lag	lag	NOUN
aijbms-111	323	48	1	1	NUM
aijbms-111	323	49	and	and	CCONJ
aijbms-111	323	50	positive	positive	ADJ
aijbms-111	323	51	at	at	ADP
aijbms-111	323	52	lag	lag	NOUN
aijbms-111	323	53	2	2	NUM
aijbms-111	323	54	.	.	PUNCT
aijbms-111	323	55	model	model	NOUN
aijbms-111	323	56	one	one	NUM
aijbms-111	323	57	found	find	VERB
aijbms-111	323	58	speed	speed	NOUN
aijbms-111	323	59	of	of	ADP
aijbms-111	323	60	adjustment	adjustment	NOUN
aijbms-111	323	61	of	of	ADP
aijbms-111	323	62	154	154	NUM
aijbms-111	323	63	percent	percent	NOUN
aijbms-111	323	64	while	while	SCONJ
aijbms-111	323	65	model	model	NOUN
aijbms-111	323	66	two	two	NUM
aijbms-111	323	67	found	find	VERB
aijbms-111	323	68	speed	speed	NOUN
aijbms-111	323	69	of	of	ADP
aijbms-111	323	70	adjustment	adjustment	NOUN
aijbms-111	323	71	of	of	ADP
aijbms-111	323	72	of3	of3	NUM
aijbms-111	323	73	percent	percent	NOUN
aijbms-111	323	74	annually	annually	ADV
aijbms-111	323	75	.	.	PUNCT
aijbms-111	324	1	conclusion	conclusion	NOUN
aijbms-111	324	2	and	and	CCONJ
aijbms-111	324	3	recommendations	recommendation	NOUN
aijbms-111	324	4	this	this	DET
aijbms-111	324	5	study	study	NOUN
aijbms-111	324	6	investigated	investigate	VERB
aijbms-111	324	7	the	the	DET
aijbms-111	324	8	impact	impact	NOUN
aijbms-111	324	9	of	of	ADP
aijbms-111	324	10	macroeconomic	macroeconomic	ADJ
aijbms-111	324	11	variables	variable	NOUN
aijbms-111	324	12	on	on	ADP
aijbms-111	324	13	private	private	ADJ
aijbms-111	324	14	investment	investment	NOUN
aijbms-111	324	15	in	in	ADP
aijbms-111	324	16	nigeria	nigeria	PROPN
aijbms-111	324	17	for	for	ADP
aijbms-111	324	18	the	the	DET
aijbms-111	324	19	period	period	NOUN
aijbms-111	324	20	1990	1990	NUM
aijbms-111	324	21	to	to	ADP
aijbms-111	324	22	2016	2016	NUM
aijbms-111	324	23	.	.	PUNCT
aijbms-111	325	1	as	as	SCONJ
aijbms-111	325	2	such	such	DET
aijbms-111	325	3	the	the	DET
aijbms-111	325	4	study	study	NOUN
aijbms-111	325	5	sought	seek	VERB
aijbms-111	325	6	to	to	PART
aijbms-111	325	7	investigate	investigate	VERB
aijbms-111	325	8	other	other	ADJ
aijbms-111	325	9	determinants	determinant	NOUN
aijbms-111	325	10	of	of	ADP
aijbms-111	325	11	private	private	ADJ
aijbms-111	325	12	investment	investment	NOUN
aijbms-111	325	13	in	in	ADP
aijbms-111	325	14	nigeria	nigeria	PROPN
aijbms-111	325	15	.	.	PUNCT
aijbms-111	326	1	from	from	ADP
aijbms-111	326	2	model	model	NOUN
aijbms-111	326	3	one	one	NUM
aijbms-111	326	4	,	,	PUNCT
aijbms-111	326	5	the	the	DET
aijbms-111	326	6	study	study	NOUN
aijbms-111	326	7	found	find	VERB
aijbms-111	326	8	that	that	SCONJ
aijbms-111	326	9	real	real	ADJ
aijbms-111	326	10	gross	gross	ADJ
aijbms-111	326	11	domestic	domestic	ADJ
aijbms-111	326	12	product	product	NOUN
aijbms-111	326	13	have	have	VERB
aijbms-111	326	14	positive	positive	ADJ
aijbms-111	326	15	but	but	CCONJ
aijbms-111	326	16	insignificant	insignificant	ADJ
aijbms-111	326	17	effect	effect	NOUN
aijbms-111	326	18	,	,	PUNCT
aijbms-111	326	19	openness	openness	NOUN
aijbms-111	326	20	of	of	ADP
aijbms-111	326	21	the	the	DET
aijbms-111	326	22	economy	economy	NOUN
aijbms-111	326	23	have	have	VERB
aijbms-111	326	24	positive	positive	ADJ
aijbms-111	326	25	and	and	CCONJ
aijbms-111	326	26	insignificant	insignificant	ADJ
aijbms-111	326	27	effect	effect	NOUN
aijbms-111	326	28	,	,	PUNCT
aijbms-111	326	29	interest	interest	NOUN
aijbms-111	326	30	rate	rate	NOUN
aijbms-111	326	31	have	have	VERB
aijbms-111	326	32	positive	positive	ADJ
aijbms-111	326	33	and	and	CCONJ
aijbms-111	326	34	significant	significant	ADJ
aijbms-111	326	35	effect	effect	NOUN
aijbms-111	326	36	,	,	PUNCT
aijbms-111	326	37	financial	financial	ADJ
aijbms-111	326	38	deepening	deepening	NOUN
aijbms-111	326	39	have	have	VERB
aijbms-111	326	40	positive	positive	ADJ
aijbms-111	326	41	and	and	CCONJ
aijbms-111	326	42	insignificant	insignificant	ADJ
aijbms-111	326	43	effect	effect	NOUN
aijbms-111	326	44	while	while	SCONJ
aijbms-111	326	45	interest	interest	NOUN
aijbms-111	326	46	rate	rate	NOUN
aijbms-111	326	47	,	,	PUNCT
aijbms-111	326	48	inflation	inflation	NOUN
aijbms-111	326	49	rate	rate	NOUN
aijbms-111	326	50	and	and	CCONJ
aijbms-111	326	51	exchange	exchange	NOUN
aijbms-111	326	52	rate	rate	NOUN
aijbms-111	326	53	have	have	VERB
aijbms-111	326	54	negative	negative	ADJ
aijbms-111	326	55	effect	effect	NOUN
aijbms-111	326	56	on	on	ADP
aijbms-111	326	57	private	private	ADJ
aijbms-111	326	58	real	real	ADJ
aijbms-111	326	59	investment	investment	NOUN
aijbms-111	326	60	.	.	PUNCT
aijbms-111	327	1	the	the	DET
aijbms-111	327	2	coefficient	coefficient	NOUN
aijbms-111	327	3	of	of	ADP
aijbms-111	327	4	determination	determination	NOUN
aijbms-111	327	5	(	(	PUNCT
aijbms-111	327	6	r	r	NOUN
aijbms-111	327	7	2	2	NUM
aijbms-111	327	8	)	)	PUNCT
aijbms-111	327	9	proved	prove	VERB
aijbms-111	327	10	that	that	SCONJ
aijbms-111	327	11	the	the	DET
aijbms-111	327	12	independent	independent	ADJ
aijbms-111	327	13	variables	variable	NOUN
aijbms-111	327	14	can	can	AUX
aijbms-111	327	15	explain	explain	VERB
aijbms-111	327	16	62	62	NUM
aijbms-111	327	17	percent	percent	NOUN
aijbms-111	327	18	variation	variation	NOUN
aijbms-111	327	19	on	on	ADP
aijbms-111	327	20	private	private	ADJ
aijbms-111	327	21	real	real	ADJ
aijbms-111	327	22	investment	investment	NOUN
aijbms-111	327	23	;	;	PUNCT
aijbms-111	327	24	the	the	DET
aijbms-111	327	25	fstatistics	fstatistic	NOUN
aijbms-111	327	26	found	find	VERB
aijbms-111	327	27	that	that	SCONJ
aijbms-111	327	28	the	the	DET
aijbms-111	327	29	model	model	NOUN
aijbms-111	327	30	is	be	AUX
aijbms-111	327	31	significant	significant	ADJ
aijbms-111	327	32	while	while	SCONJ
aijbms-111	327	33	the	the	DET
aijbms-111	327	34	durbin	durbin	PROPN
aijbms-111	327	35	watson	watson	PROPN
aijbms-111	327	36	statistics	statistics	PROPN
aijbms-111	327	37	proved	prove	VERB
aijbms-111	327	38	the	the	DET
aijbms-111	327	39	presence	presence	NOUN
aijbms-111	327	40	of	of	ADP
aijbms-111	327	41	serial	serial	ADJ
aijbms-111	327	42	autocorrelation	autocorrelation	NOUN
aijbms-111	327	43	.	.	PUNCT
aijbms-111	328	1	the	the	DET
aijbms-111	328	2	effect	effect	NOUN
aijbms-111	328	3	of	of	ADP
aijbms-111	328	4	macroeconomic	macroeconomic	ADJ
aijbms-111	328	5	variables	variable	NOUN
aijbms-111	328	6	on	on	ADP
aijbms-111	328	7	private	private	ADJ
aijbms-111	328	8	equity	equity	NOUN
aijbms-111	328	9	investment	investment	NOUN
aijbms-111	328	10	was	be	AUX
aijbms-111	328	11	presented	present	VERB
aijbms-111	328	12	in	in	ADP
aijbms-111	328	13	model	model	NOUN
aijbms-111	328	14	two	two	NUM
aijbms-111	328	15	.	.	PUNCT
aijbms-111	329	1	the	the	DET
aijbms-111	329	2	study	study	NOUN
aijbms-111	329	3	found	find	VERB
aijbms-111	329	4	that	that	SCONJ
aijbms-111	329	5	openness	openness	NOUN
aijbms-111	329	6	of	of	ADP
aijbms-111	329	7	the	the	DET
aijbms-111	329	8	economy	economy	NOUN
aijbms-111	329	9	;	;	PUNCT
aijbms-111	329	10	real	real	ADJ
aijbms-111	329	11	gross	gross	ADJ
aijbms-111	329	12	domestic	domestic	ADJ
aijbms-111	329	13	products	product	NOUN
aijbms-111	329	14	,	,	PUNCT
aijbms-111	329	15	broad	broad	ADJ
aijbms-111	329	16	money	money	NOUN
aijbms-111	329	17	supply	supply	NOUN
aijbms-111	329	18	,	,	PUNCT
aijbms-111	329	19	and	and	CCONJ
aijbms-111	329	20	interest	interest	NOUN
aijbms-111	329	21	rate	rate	NOUN
aijbms-111	329	22	have	have	VERB
aijbms-111	329	23	negative	negative	ADJ
aijbms-111	329	24	and	and	CCONJ
aijbms-111	329	25	insignificant	insignificant	ADJ
aijbms-111	329	26	effect	effect	NOUN
aijbms-111	329	27	on	on	ADP
aijbms-111	329	28	private	private	ADJ
aijbms-111	329	29	equity	equity	NOUN
aijbms-111	329	30	investment	investment	NOUN
aijbms-111	329	31	except	except	SCONJ
aijbms-111	329	32	openness	openness	NOUN
aijbms-111	329	33	of	of	ADP
aijbms-111	329	34	the	the	DET
aijbms-111	329	35	economy	economy	NOUN
aijbms-111	329	36	with	with	ADP
aijbms-111	329	37	significant	significant	ADJ
aijbms-111	329	38	effect	effect	NOUN
aijbms-111	329	39	.	.	PUNCT
aijbms-111	330	1	inflation	inflation	NOUN
aijbms-111	330	2	rate	rate	NOUN
aijbms-111	330	3	,	,	PUNCT
aijbms-111	330	4	financial	financial	ADJ
aijbms-111	330	5	sector	sector	NOUN
aijbms-111	330	6	deepening	deepening	NOUN
aijbms-111	330	7	and	and	CCONJ
aijbms-111	330	8	exchange	exchange	NOUN
aijbms-111	330	9	rate	rate	NOUN
aijbms-111	330	10	have	have	VERB
aijbms-111	330	11	positive	positive	ADJ
aijbms-111	330	12	and	and	CCONJ
aijbms-111	330	13	insignificant	insignificant	ADJ
aijbms-111	330	14	effect	effect	NOUN
aijbms-111	330	15	on	on	ADP
aijbms-111	330	16	private	private	ADJ
aijbms-111	330	17	equity	equity	NOUN
aijbms-111	330	18	investment	investment	NOUN
aijbms-111	330	19	except	except	SCONJ
aijbms-111	330	20	financial	financial	ADJ
aijbms-111	330	21	deepening	deepening	NOUN
aijbms-111	330	22	with	with	ADP
aijbms-111	330	23	significant	significant	ADJ
aijbms-111	330	24	effect	effect	NOUN
aijbms-111	330	25	.	.	PUNCT
aijbms-111	331	1	the	the	DET
aijbms-111	331	2	r	r	NOUN
aijbms-111	331	3	2	2	NUM
aijbms-111	331	4	proved	prove	VERB
aijbms-111	331	5	that	that	SCONJ
aijbms-111	331	6	the	the	DET
aijbms-111	331	7	independent	independent	ADJ
aijbms-111	331	8	variables	variable	NOUN
aijbms-111	331	9	can	can	AUX
aijbms-111	331	10	predict	predict	VERB
aijbms-111	331	11	66.9	66.9	NUM
aijbms-111	331	12	percent	percent	NOUN
aijbms-111	331	13	variation	variation	NOUN
aijbms-111	331	14	on	on	ADP
aijbms-111	331	15	private	private	ADJ
aijbms-111	331	16	equity	equity	NOUN
aijbms-111	331	17	investment	investment	NOUN
aijbms-111	331	18	.	.	PUNCT
aijbms-111	332	1	the	the	DET
aijbms-111	332	2	fstatistics	fstatistic	NOUN
aijbms-111	332	3	found	find	VERB
aijbms-111	332	4	that	that	SCONJ
aijbms-111	332	5	the	the	DET
aijbms-111	332	6	model	model	NOUN
aijbms-111	332	7	is	be	AUX
aijbms-111	332	8	significant	significant	ADJ
aijbms-111	332	9	while	while	SCONJ
aijbms-111	332	10	the	the	DET
aijbms-111	332	11	durbin	durbin	PROPN
aijbms-111	332	12	watson	watson	PROPN
aijbms-111	332	13	statistics	statistics	PROPN
aijbms-111	332	14	proved	prove	VERB
aijbms-111	332	15	the	the	DET
aijbms-111	332	16	presence	presence	NOUN
aijbms-111	332	17	of	of	ADP
aijbms-111	332	18	serial	serial	ADJ
aijbms-111	332	19	autocorrelation	autocorrelation	NOUN
aijbms-111	332	20	.	.	PUNCT
aijbms-111	333	1	we	we	PRON
aijbms-111	333	2	conclude	conclude	VERB
aijbms-111	333	3	that	that	SCONJ
aijbms-111	333	4	macroeconomic	macroeconomic	ADJ
aijbms-111	333	5	variables	variable	NOUN
aijbms-111	333	6	have	have	VERB
aijbms-111	333	7	significant	significant	ADJ
aijbms-111	333	8	effect	effect	NOUN
aijbms-111	333	9	on	on	ADP
aijbms-111	333	10	private	private	ADJ
aijbms-111	333	11	real	real	ADJ
aijbms-111	333	12	and	and	CCONJ
aijbms-111	333	13	equity	equity	NOUN
aijbms-111	333	14	investment	investment	NOUN
aijbms-111	333	15	in	in	ADP
aijbms-111	333	16	nigeria	nigeria	PROPN
aijbms-111	333	17	.	.	PUNCT
aijbms-111	334	1	recommendations	recommendation	NOUN
aijbms-111	334	2	there	there	PRON
aijbms-111	334	3	is	be	VERB
aijbms-111	334	4	need	need	NOUN
aijbms-111	334	5	to	to	PART
aijbms-111	334	6	increasing	increase	VERB
aijbms-111	334	7	the	the	DET
aijbms-111	334	8	real	real	ADJ
aijbms-111	334	9	interest	interest	NOUN
aijbms-111	334	10	rate	rate	NOUN
aijbms-111	334	11	on	on	ADP
aijbms-111	334	12	private	private	ADJ
aijbms-111	334	13	savings	saving	NOUN
aijbms-111	334	14	or	or	CCONJ
aijbms-111	334	15	household	household	NOUN
aijbms-111	334	16	savings	saving	NOUN
aijbms-111	334	17	so	so	SCONJ
aijbms-111	334	18	that	that	SCONJ
aijbms-111	334	19	larger	large	ADJ
aijbms-111	334	20	amount	amount	NOUN
aijbms-111	334	21	of	of	ADP
aijbms-111	334	22	income	income	NOUN
aijbms-111	334	23	would	would	AUX
aijbms-111	334	24	be	be	AUX
aijbms-111	334	25	saved	save	VERB
aijbms-111	334	26	to	to	PART
aijbms-111	334	27	accumulate	accumulate	VERB
aijbms-111	334	28	more	more	ADJ
aijbms-111	334	29	capital	capital	NOUN
aijbms-111	334	30	and	and	CCONJ
aijbms-111	334	31	hence	hence	ADV
aijbms-111	334	32	private	private	ADJ
aijbms-111	334	33	investment	investment	NOUN
aijbms-111	334	34	.	.	PUNCT
aijbms-111	335	1	by	by	ADP
aijbms-111	335	2	this	this	PRON
aijbms-111	335	3	,	,	PUNCT
aijbms-111	335	4	the	the	DET
aijbms-111	335	5	higher	high	ADJ
aijbms-111	335	6	real	real	ADJ
aijbms-111	335	7	interest	interest	NOUN
aijbms-111	335	8	rate	rate	NOUN
aijbms-111	335	9	would	would	AUX
aijbms-111	335	10	increase	increase	VERB
aijbms-111	335	11	private	private	ADJ
aijbms-111	335	12	savings	saving	NOUN
aijbms-111	335	13	which	which	PRON
aijbms-111	335	14	would	would	AUX
aijbms-111	335	15	also	also	ADV
aijbms-111	335	16	increase	increase	VERB
aijbms-111	335	17	capital	capital	NOUN
aijbms-111	335	18	accumulation	accumulation	NOUN
aijbms-111	335	19	and	and	CCONJ
aijbms-111	335	20	hence	hence	ADV
aijbms-111	335	21	private	private	ADJ
aijbms-111	335	22	investment	investment	NOUN
aijbms-111	335	23	.	.	PUNCT
aijbms-111	336	1	investment	investment	NOUN
aijbms-111	336	2	related	relate	VERB
aijbms-111	336	3	activities	activity	NOUN
aijbms-111	336	4	should	should	AUX
aijbms-111	336	5	be	be	AUX
aijbms-111	336	6	encouraged	encourage	VERB
aijbms-111	336	7	in	in	ADP
aijbms-111	336	8	order	order	NOUN
aijbms-111	336	9	to	to	PART
aijbms-111	336	10	promote	promote	VERB
aijbms-111	336	11	private	private	ADJ
aijbms-111	336	12	investment	investment	NOUN
aijbms-111	336	13	.	.	PUNCT
aijbms-111	337	1	ensuring	ensure	VERB
aijbms-111	337	2	macroeconomic	macroeconomic	ADJ
aijbms-111	337	3	growth	growth	NOUN
aijbms-111	337	4	in	in	ADP
aijbms-111	337	5	the	the	DET
aijbms-111	337	6	economy	economy	NOUN
aijbms-111	337	7	will	will	AUX
aijbms-111	337	8	undoubtedly	undoubtedly	ADV
aijbms-111	337	9	enhance	enhance	VERB
aijbms-111	337	10	investment	investment	NOUN
aijbms-111	337	11	by	by	ADP
aijbms-111	337	12	the	the	DET
aijbms-111	337	13	private	private	ADJ
aijbms-111	337	14	sector	sector	NOUN
aijbms-111	337	15	.	.	PUNCT
aijbms-111	338	1	economic	economic	ADJ
aijbms-111	338	2	policies	policy	NOUN
aijbms-111	338	3	to	to	PART
aijbms-111	338	4	reduce	reduce	VERB
aijbms-111	338	5	inflation	inflation	NOUN
aijbms-111	338	6	need	need	NOUN
aijbms-111	338	7	to	to	PART
aijbms-111	338	8	be	be	AUX
aijbms-111	338	9	practiced	practice	VERB
aijbms-111	338	10	.	.	PUNCT
aijbms-111	339	1	in	in	ADP
aijbms-111	339	2	other	other	ADJ
aijbms-111	339	3	words	word	NOUN
aijbms-111	339	4	nigerian	nigerian	ADJ
aijbms-111	339	5	inflation	inflation	NOUN
aijbms-111	339	6	rate	rate	NOUN
aijbms-111	339	7	should	should	AUX
aijbms-111	339	8	be	be	AUX
aijbms-111	339	9	kept	keep	VERB
aijbms-111	339	10	at	at	ADP
aijbms-111	339	11	a	a	DET
aijbms-111	339	12	manageable	manageable	ADJ
aijbms-111	339	13	level	level	NOUN
aijbms-111	339	14	since	since	SCONJ
aijbms-111	339	15	uncertainty	uncertainty	NOUN
aijbms-111	339	16	arising	arise	VERB
aijbms-111	339	17	from	from	ADP
aijbms-111	339	18	persistent	persistent	ADJ
aijbms-111	339	19	levels	level	NOUN
aijbms-111	339	20	of	of	ADP
aijbms-111	339	21	inflation	inflation	NOUN
aijbms-111	339	22	impedes	impede	VERB
aijbms-111	339	23	the	the	DET
aijbms-111	339	24	rate	rate	NOUN
aijbms-111	339	25	of	of	ADP
aijbms-111	339	26	private	private	ADJ
aijbms-111	339	27	investment	investment	NOUN
aijbms-111	339	28	in	in	ADP
aijbms-111	339	29	the	the	DET
aijbms-111	339	30	country	country	NOUN
aijbms-111	339	31	.	.	PUNCT
aijbms-111	340	1	this	this	PRON
aijbms-111	340	2	can	can	AUX
aijbms-111	340	3	be	be	AUX
aijbms-111	340	4	done	do	VERB
aijbms-111	340	5	by	by	ADP
aijbms-111	340	6	reducing	reduce	VERB
aijbms-111	340	7	money	money	NOUN
aijbms-111	340	8	supply	supply	NOUN
aijbms-111	340	9	.	.	PUNCT
aijbms-111	341	1	availability	availability	NOUN
aijbms-111	341	2	of	of	ADP
aijbms-111	341	3	funds	fund	NOUN
aijbms-111	341	4	ensures	ensure	VERB
aijbms-111	341	5	an	an	DET
aijbms-111	341	6	adequate	adequate	ADJ
aijbms-111	341	7	and	and	CCONJ
aijbms-111	341	8	efficient	efficient	ADJ
aijbms-111	341	9	financial	financial	ADJ
aijbms-111	341	10	system	system	NOUN
aijbms-111	341	11	easing	ease	VERB
aijbms-111	341	12	funds	fund	NOUN
aijbms-111	341	13	from	from	ADP
aijbms-111	341	14	savers	saver	NOUN
aijbms-111	341	15	to	to	ADP
aijbms-111	341	16	investors	investor	NOUN
aijbms-111	341	17	that	that	PRON
aijbms-111	341	18	can	can	AUX
aijbms-111	341	19	expand	expand	VERB
aijbms-111	341	20	the	the	DET
aijbms-111	341	21	frontier	frontier	NOUN
aijbms-111	341	22	of	of	ADP
aijbms-111	341	23	finance	finance	NOUN
aijbms-111	341	24	in	in	ADP
aijbms-111	341	25	private	private	ADJ
aijbms-111	341	26	investments	investment	NOUN
aijbms-111	341	27	.	.	PUNCT
aijbms-111	342	1	there	there	PRON
aijbms-111	342	2	is	be	VERB
aijbms-111	342	3	the	the	DET
aijbms-111	342	4	need	need	NOUN
aijbms-111	342	5	to	to	PART
aijbms-111	342	6	adopt	adopt	VERB
aijbms-111	342	7	policies	policy	NOUN
aijbms-111	342	8	that	that	PRON
aijbms-111	342	9	can	can	AUX
aijbms-111	342	10	encourage	encourage	VERB
aijbms-111	342	11	appreciation	appreciation	NOUN
aijbms-111	342	12	of	of	ADP
aijbms-111	342	13	the	the	DET
aijbms-111	342	14	local	local	ADJ
aijbms-111	342	15	currency	currency	NOUN
aijbms-111	342	16	as	as	SCONJ
aijbms-111	342	17	depreciation	depreciation	NOUN
aijbms-111	342	18	inhibits	inhibit	VERB
aijbms-111	342	19	private	private	ADJ
aijbms-111	342	20	investment	investment	NOUN
aijbms-111	342	21	.	.	PUNCT
aijbms-111	343	1	references	reference	NOUN
aijbms-111	343	2	adelowokan	adelowokan	PROPN
aijbms-111	343	3	o.a	o.a	PROPN
aijbms-111	343	4	,	,	PUNCT
aijbms-111	343	5	adesoye	adesoye	PROPN
aijbms-111	343	6	a.	a.	PROPN
aijbms-111	343	7	b.	b.	PROPN
aijbms-111	343	8	,	,	PUNCT
aijbms-111	343	9	&	&	CCONJ
aijbms-111	343	10	balogun	balogun	VERB
aijbms-111	343	11	o.	o.	PROPN
aijbms-111	343	12	d	d	PROPN
aijbms-111	343	13	(	(	PUNCT
aijbms-111	343	14	2015	2015	NUM
aijbms-111	343	15	)	)	PUNCT
aijbms-111	343	16	.	.	PUNCT
aijbms-111	344	1	exchange	exchange	NOUN
aijbms-111	344	2	rate	rate	NOUN
aijbms-111	344	3	volatility	volatility	NOUN
aijbms-111	344	4	on	on	ADP
aijbms-111	344	5	investment	investment	NOUN
aijbms-111	344	6	and	and	CCONJ
aijbms-111	344	7	growth	growth	NOUN
aijbms-111	344	8	in	in	ADP
aijbms-111	344	9	nigeria	nigeria	PROPN
aijbms-111	344	10	,	,	PUNCT
aijbms-111	344	11	an	an	DET
aijbms-111	344	12	empirical	empirical	ADJ
aijbms-111	344	13	analysis	analysis	NOUN
aijbms-111	344	14	.	.	PUNCT
aijbms-111	345	1	global	global	ADJ
aijbms-111	345	2	journal	journal	PROPN
aijbms-111	345	3	of	of	ADP
aijbms-111	345	4	management	management	NOUN
aijbms-111	345	5	and	and	CCONJ
aijbms-111	345	6	business	business	NOUN
aijbms-111	345	7	research	research	NOUN
aijbms-111	345	8	,	,	PUNCT
aijbms-111	345	9	5(10),1	5(10),1	NUM
aijbms-111	345	10	-	-	SYM
aijbms-111	345	11	11	11	NUM
aijbms-111	345	12	.	.	PUNCT
aijbms-111	346	1	akeju	akeju	PROPN
aijbms-111	346	2	,	,	PUNCT
aijbms-111	346	3	k.	k.	PROPN
aijbms-111	346	4	,	,	PUNCT
aijbms-111	346	5	(	(	PUNCT
aijbms-111	346	6	2014	2014	NUM
aijbms-111	346	7	)	)	PUNCT
aijbms-111	346	8	.	.	PUNCT
aijbms-111	347	1	real	real	ADJ
aijbms-111	347	2	exchange	exchange	NOUN
aijbms-111	347	3	rates	rate	NOUN
aijbms-111	347	4	,	,	PUNCT
aijbms-111	347	5	terms	term	NOUN
aijbms-111	347	6	of	of	ADP
aijbms-111	347	7	trade	trade	NOUN
aijbms-111	347	8	and	and	CCONJ
aijbms-111	347	9	economic	economic	ADJ
aijbms-111	347	10	growth	growth	NOUN
aijbms-111	347	11	in	in	ADP
aijbms-111	347	12	nigeria	nigeria	PROPN
aijbms-111	347	13	(	(	PUNCT
aijbms-111	347	14	1980	1980	NUM
aijbms-111	347	15	-	-	SYM
aijbms-111	347	16	2012	2012	NUM
aijbms-111	347	17	)	)	PUNCT
aijbms-111	347	18	.	.	PUNCT
aijbms-111	348	1	journal	journal	PROPN
aijbms-111	348	2	of	of	ADP
aijbms-111	348	3	economics	economics	PROPN
aijbms-111	348	4	theory	theory	NOUN
aijbms-111	348	5	8(2	8(2	NUM
aijbms-111	348	6	)	)	PUNCT
aijbms-111	348	7	,	,	PUNCT
aijbms-111	348	8	19	19	NUM
aijbms-111	348	9	-	-	SYM
aijbms-111	348	10	23	23	NUM
aijbms-111	348	11	.	.	PUNCT
aijbms-111	349	1	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	PROPN
aijbms-111	349	2	american	american	PROPN
aijbms-111	349	3	international	international	PROPN
aijbms-111	349	4	journal	journal	PROPN
aijbms-111	349	5	of	of	ADP
aijbms-111	349	6	business	business	NOUN
aijbms-111	349	7	and	and	CCONJ
aijbms-111	349	8	management	management	NOUN
aijbms-111	349	9	studies	study	NOUN
aijbms-111	349	10	vol	vol	NOUN
aijbms-111	349	11	.	.	PROPN
aijbms-111	350	1	1	1	NUM
aijbms-111	350	2	,	,	PUNCT
aijbms-111	350	3	no	no	INTJ
aijbms-111	350	4	.	.	NOUN
aijbms-111	350	5	1	1	NUM
aijbms-111	350	6	;	;	PUNCT
aijbms-111	350	7	2019	2019	NUM
aijbms-111	350	8	36	36	NUM
aijbms-111	350	9	bakare	bakare	NOUN
aijbms-111	350	10	a.s	a.s	PROPN
aijbms-111	350	11	(	(	PUNCT
aijbms-111	350	12	2011	2011	NUM
aijbms-111	350	13	)	)	PUNCT
aijbms-111	350	14	.	.	PUNCT
aijbms-111	351	1	the	the	DET
aijbms-111	351	2	consequences	consequence	NOUN
aijbms-111	351	3	of	of	ADP
aijbms-111	351	4	foreign	foreign	ADJ
aijbms-111	351	5	exchange	exchange	NOUN
aijbms-111	351	6	rate	rate	NOUN
aijbms-111	351	7	reforms	reform	NOUN
aijbms-111	351	8	on	on	ADP
aijbms-111	351	9	the	the	DET
aijbms-111	351	10	performances	performance	NOUN
aijbms-111	351	11	of	of	ADP
aijbms-111	351	12	private	private	ADJ
aijbms-111	351	13	domestic	domestic	ADJ
aijbms-111	351	14	investment	investment	NOUN
aijbms-111	351	15	in	in	ADP
aijbms-111	351	16	nigeria	nigeria	PROPN
aijbms-111	351	17	.	.	PUNCT
aijbms-111	352	1	international	international	ADJ
aijbms-111	352	2	journal	journal	PROPN
aijbms-111	352	3	of	of	ADP
aijbms-111	352	4	economics	economic	NOUN
aijbms-111	352	5	and	and	CCONJ
aijbms-111	352	6	management	management	NOUN
aijbms-111	352	7	sciences,1(1	sciences,1(1	PROPN
aijbms-111	352	8	)	)	PUNCT
aijbms-111	352	9	,	,	PUNCT
aijbms-111	352	10	25	25	NUM
aijbms-111	352	11	-	-	SYM
aijbms-111	352	12	31	31	NUM
aijbms-111	352	13	.	.	PUNCT
aijbms-111	353	1	chakrabarti	chakrabarti	PROPN
aijbms-111	353	2	,	,	PUNCT
aijbms-111	353	3	a.	a.	NOUN
aijbms-111	353	4	(	(	PUNCT
aijbms-111	353	5	2006	2006	NUM
aijbms-111	353	6	)	)	PUNCT
aijbms-111	353	7	.	.	PUNCT
aijbms-111	354	1	the	the	DET
aijbms-111	354	2	saving	saving	NOUN
aijbms-111	354	3	-	-	PUNCT
aijbms-111	354	4	investment	investment	NOUN
aijbms-111	354	5	relationship	relationship	NOUN
aijbms-111	354	6	revisited	revisit	VERB
aijbms-111	354	7	:	:	PUNCT
aijbms-111	354	8	new	new	ADJ
aijbms-111	354	9	evidence	evidence	NOUN
aijbms-111	354	10	from	from	ADP
aijbms-111	354	11	multivariate	multivariate	NOUN
aijbms-111	354	12	heterogeneous	heterogeneous	ADJ
aijbms-111	354	13	panel	panel	NOUN
aijbms-111	354	14	cointegration	cointegration	NOUN
aijbms-111	354	15	analyses	analysis	NOUN
aijbms-111	354	16	.	.	PUNCT
aijbms-111	355	1	journal	journal	NOUN
aijbms-111	355	2	of	of	ADP
aijbms-111	355	3	comparative	comparative	ADJ
aijbms-111	355	4	economics	economic	NOUN
aijbms-111	355	5	34	34	NUM
aijbms-111	355	6	,	,	PUNCT
aijbms-111	355	7	402	402	NUM
aijbms-111	355	8	-	-	SYM
aijbms-111	355	9	429	429	NUM
aijbms-111	355	10	.	.	PUNCT
aijbms-111	356	1	clak	clak	PROPN
aijbms-111	356	2	,	,	PUNCT
aijbms-111	356	3	j.	j.	PROPN
aijbms-111	356	4	m.	m.	PROPN
aijbms-111	356	5	,	,	PUNCT
aijbms-111	356	6	(	(	PUNCT
aijbms-111	356	7	1917	1917	NUM
aijbms-111	356	8	)	)	PUNCT
aijbms-111	356	9	.	.	PUNCT
aijbms-111	357	1	business	business	NOUN
aijbms-111	357	2	accelerator	accelerator	NOUN
aijbms-111	357	3	and	and	CCONJ
aijbms-111	357	4	the	the	DET
aijbms-111	357	5	law	law	NOUN
aijbms-111	357	6	of	of	ADP
aijbms-111	357	7	demand	demand	NOUN
aijbms-111	357	8	:	:	PUNCT
aijbms-111	357	9	a	a	DET
aijbms-111	357	10	technical	technical	ADJ
aijbms-111	357	11	factor	factor	NOUN
aijbms-111	357	12	in	in	ADP
aijbms-111	357	13	economics	economic	NOUN
aijbms-111	357	14	cycles	cycle	NOUN
aijbms-111	357	15	.	.	PUNCT
aijbms-111	358	1	journal	journal	NOUN
aijbms-111	358	2	of	of	ADP
aijbms-111	358	3	political	political	ADJ
aijbms-111	358	4	economy	economy	NOUN
aijbms-111	358	5	,	,	PUNCT
aijbms-111	358	6	25(1	25(1	NUM
aijbms-111	358	7	)	)	PUNCT
aijbms-111	358	8	,	,	PUNCT
aijbms-111	358	9	217	217	NUM
aijbms-111	358	10	-	-	SYM
aijbms-111	358	11	235	235	NUM
aijbms-111	358	12	.	.	PUNCT
aijbms-111	359	1	delke	delke	PROPN
aijbms-111	359	2	,	,	PUNCT
aijbms-111	359	3	r.	r.	PROPN
aijbms-111	359	4	(	(	PUNCT
aijbms-111	359	5	1996	1996	NUM
aijbms-111	359	6	)	)	PUNCT
aijbms-111	359	7	.	.	PUNCT
aijbms-111	360	1	savings	saving	NOUN
aijbms-111	360	2	-	-	PUNCT
aijbms-111	360	3	investment	investment	NOUN
aijbms-111	360	4	associations	association	NOUN
aijbms-111	360	5	and	and	CCONJ
aijbms-111	360	6	capital	capital	NOUN
aijbms-111	360	7	mobility	mobility	NOUN
aijbms-111	360	8	on	on	ADP
aijbms-111	360	9	the	the	DET
aijbms-111	360	10	evidence	evidence	NOUN
aijbms-111	360	11	from	from	ADP
aijbms-111	360	12	japanese	japanese	ADJ
aijbms-111	360	13	regional	regional	ADJ
aijbms-111	360	14	data	datum	NOUN
aijbms-111	360	15	.	.	PUNCT
aijbms-111	361	1	journal	journal	PROPN
aijbms-111	361	2	of	of	ADP
aijbms-111	361	3	international	international	ADJ
aijbms-111	361	4	economics	economic	NOUN
aijbms-111	361	5	,	,	PUNCT
aijbms-111	361	6	41	41	NUM
aijbms-111	361	7	,	,	PUNCT
aijbms-111	361	8	.53	.53	NUM
aijbms-111	361	9	-	-	SYM
aijbms-111	361	10	72	72	NUM
aijbms-111	361	11	.	.	PUNCT
aijbms-111	362	1	dixit	dixit	PROPN
aijbms-111	362	2	,	,	PUNCT
aijbms-111	362	3	a.	a.	NOUN
aijbms-111	362	4	and	and	CCONJ
aijbms-111	362	5	pindyck	pindyck	PROPN
aijbms-111	362	6	,	,	PUNCT
aijbms-111	362	7	r.	r.	PROPN
aijbms-111	362	8	(	(	PUNCT
aijbms-111	362	9	1994	1994	NUM
aijbms-111	362	10	)	)	PUNCT
aijbms-111	362	11	,	,	PUNCT
aijbms-111	362	12	investment	investment	NOUN
aijbms-111	362	13	under	under	ADP
aijbms-111	362	14	uncertainty.prnceton	uncertainty.prnceton	PROPN
aijbms-111	362	15	university	university	NOUN
aijbms-111	362	16	press	press	NOUN
aijbms-111	362	17	,	,	PUNCT
aijbms-111	362	18	new	new	PROPN
aijbms-111	362	19	jersey	jersey	PROPN
aijbms-111	362	20	.	.	PUNCT
aijbms-111	363	1	economic	economic	ADJ
aijbms-111	363	2	research	research	NOUN
aijbms-111	363	3	consortium	consortium	NOUN
aijbms-111	363	4	(	(	PUNCT
aijbms-111	363	5	a.e.r.c	a.e.r.c	PROPN
aijbms-111	363	6	)	)	PUNCT
aijbms-111	363	7	,	,	PUNCT
aijbms-111	363	8	research	research	NOUN
aijbms-111	363	9	paper	paper	NOUN
aijbms-111	363	10	100.african	100.african	NUM
aijbms-111	363	11	economic	economic	ADJ
aijbms-111	363	12	research	research	NOUN
aijbms-111	363	13	consortium	consortium	NOUN
aijbms-111	363	14	,	,	PUNCT
aijbms-111	363	15	nairobikenya	nairobikenya	PROPN
aijbms-111	363	16	.	.	PUNCT
aijbms-111	364	1	dixit	dixit	PROPN
aijbms-111	364	2	,	,	PUNCT
aijbms-111	364	3	a.	a.	PROPN
aijbms-111	364	4	k.	k.	PROPN
aijbms-111	364	5	&	&	CCONJ
aijbms-111	364	6	pindyck	pindyck	PROPN
aijbms-111	364	7	,	,	PUNCT
aijbms-111	364	8	r.	r.	PROPN
aijbms-111	364	9	s.	s.	PROPN
aijbms-111	364	10	(	(	PUNCT
aijbms-111	364	11	1994	1994	NUM
aijbms-111	364	12	)	)	PUNCT
aijbms-111	364	13	.	.	PUNCT
aijbms-111	365	1	investment	investment	NOUN
aijbms-111	365	2	under	under	ADP
aijbms-111	365	3	uncertainty	uncertainty	NOUN
aijbms-111	365	4	.	.	PUNCT
aijbms-111	366	1	princeton	princeton	PROPN
aijbms-111	366	2	:	:	PUNCT
aijbms-111	366	3	princeton	princeton	PROPN
aijbms-111	366	4	university	university	PROPN
aijbms-111	366	5	press	press	NOUN
aijbms-111	366	6	.	.	PUNCT
aijbms-111	367	1	feldstein	feldstein	PROPN
aijbms-111	367	2	,	,	PUNCT
aijbms-111	367	3	m.	m.	NOUN
aijbms-111	367	4	&	&	CCONJ
aijbms-111	367	5	horioka	horioka	PROPN
aijbms-111	367	6	,	,	PUNCT
aijbms-111	367	7	c.	c.	PROPN
aijbms-111	367	8	(	(	PUNCT
aijbms-111	367	9	1980	1980	NUM
aijbms-111	367	10	):	):	PUNCT
aijbms-111	367	11	“	"	PUNCT
aijbms-111	367	12	domestic	domestic	ADJ
aijbms-111	367	13	saving	saving	NOUN
aijbms-111	367	14	and	and	CCONJ
aijbms-111	367	15	international	international	ADJ
aijbms-111	367	16	capital	capital	NOUN
aijbms-111	367	17	flow	flow	NOUN
aijbms-111	367	18	.	.	PUNCT
aijbms-111	368	1	economic	economic	ADJ
aijbms-111	368	2	journal	journal	PROPN
aijbms-111	368	3	,	,	PUNCT
aijbms-111	368	4	9(3	9(3	NUM
aijbms-111	368	5	)	)	PUNCT
aijbms-111	368	6	,	,	PUNCT
aijbms-111	368	7	314329	314329	NUM
aijbms-111	368	8	frimpong	frimpong	PROPN
aijbms-111	368	9	,	,	PUNCT
aijbms-111	368	10	magnus	magnus	PROPN
aijbms-111	368	11	j.	j.	PROPN
aijbms-111	368	12	,	,	PUNCT
aijbms-111	368	13	marbuah	marbuah	PROPN
aijbms-111	368	14	,	,	PUNCT
aijbms-111	368	15	george	george	PROPN
aijbms-111	368	16	(	(	PUNCT
aijbms-111	368	17	2010	2010	NUM
aijbms-111	368	18	)	)	PUNCT
aijbms-111	368	19	,	,	PUNCT
aijbms-111	368	20	the	the	DET
aijbms-111	368	21	determinants	determinant	NOUN
aijbms-111	368	22	of	of	ADP
aijbms-111	368	23	private	private	ADJ
aijbms-111	368	24	sector	sector	NOUN
aijbms-111	368	25	investment	investment	NOUN
aijbms-111	368	26	in	in	ADP
aijbms-111	368	27	ghana	ghana	PROPN
aijbms-111	368	28	:	:	PUNCT
aijbms-111	368	29	an	an	DET
aijbms-111	368	30	ardl	ardl	NOUN
aijbms-111	368	31	approach	approach	NOUN
aijbms-111	368	32	.	.	PUNCT
aijbms-111	369	1	european	european	PROPN
aijbms-111	369	2	journal	journal	PROPN
aijbms-111	369	3	of	of	ADP
aijbms-111	369	4	social	social	ADJ
aijbms-111	369	5	sciences	science	NOUN
aijbms-111	369	6	,	,	PUNCT
aijbms-111	369	7	volume	volume	NOUN
aijbms-111	369	8	15	15	NUM
aijbms-111	369	9	,	,	PUNCT
aijbms-111	369	10	number	number	NOUN
aijbms-111	369	11	2	2	NUM
aijbms-111	369	12	frimpong	frimpong	NOUN
aijbms-111	369	13	,	,	PUNCT
aijbms-111	369	14	siaw	siaw	NOUN
aijbms-111	369	15	and	and	CCONJ
aijbms-111	369	16	adam	adam	PROPN
aijbms-111	369	17	,	,	PUNCT
aijbms-111	369	18	a.	a.	NOUN
aijbms-111	369	19	m.	m.	NOUN
aijbms-111	369	20	(	(	PUNCT
aijbms-111	369	21	2010	2010	NUM
aijbms-111	369	22	)	)	PUNCT
aijbms-111	369	23	,	,	PUNCT
aijbms-111	369	24	does	do	VERB
aijbms-111	369	25	financial	financial	ADJ
aijbms-111	369	26	sector	sector	NOUN
aijbms-111	369	27	development	development	NOUN
aijbms-111	369	28	causeinvestment	causeinvestment	NOUN
aijbms-111	369	29	and	and	CCONJ
aijbms-111	369	30	growth	growth	NOUN
aijbms-111	369	31	?	?	PUNCT
aijbms-111	370	1	empirical	empirical	ADJ
aijbms-111	370	2	analysis	analysis	NOUN
aijbms-111	370	3	of	of	ADP
aijbms-111	370	4	the	the	DET
aijbms-111	370	5	case	case	NOUN
aijbms-111	370	6	of	of	ADP
aijbms-111	370	7	ghana	ghana	PROPN
aijbms-111	370	8	.	.	PUNCT
aijbms-111	371	1	the	the	DET
aijbms-111	371	2	journalof	journalof	ADJ
aijbms-111	371	3	business	business	NOUN
aijbms-111	371	4	and	and	CCONJ
aijbms-111	371	5	enterprise	enterprise	NOUN
aijbms-111	371	6	development	development	NOUN
aijbms-111	371	7	.	.	PUNCT
aijbms-111	372	1	gomez	gomez	PROPN
aijbms-111	372	2	,	,	PUNCT
aijbms-111	372	3	m.a	m.a	PROPN
aijbms-111	372	4	(	(	PUNCT
aijbms-111	372	5	2000).exchange	2000).exchange	NUM
aijbms-111	372	6	rate	rate	NOUN
aijbms-111	372	7	volatility	volatility	NOUN
aijbms-111	372	8	effects	effect	NOUN
aijbms-111	372	9	on	on	ADP
aijbms-111	372	10	domestic	domestic	ADJ
aijbms-111	372	11	investment	investment	NOUN
aijbms-111	372	12	in	in	ADP
aijbms-111	372	13	spain	spain	PROPN
aijbms-111	372	14	(	(	PUNCT
aijbms-111	372	15	1980	1980	NUM
aijbms-111	372	16	-	-	SYM
aijbms-111	372	17	1998	1998	NUM
aijbms-111	372	18	)	)	PUNCT
aijbms-111	372	19	.	.	PUNCT
aijbms-111	373	1	anales	anales	PROPN
aijbms-111	373	2	de	de	X
aijbms-111	373	3	economia	economia	PROPN
aijbms-111	373	4	aplicada	aplicada	PROPN
aijbms-111	373	5	.	.	PUNCT
aijbms-111	374	1	hussein	hussein	PROPN
aijbms-111	374	2	,	,	PUNCT
aijbms-111	374	3	k.a	k.a	PROPN
aijbms-111	374	4	.	.	PUNCT
aijbms-111	374	5	(	(	PUNCT
aijbms-111	374	6	1998	1998	NUM
aijbms-111	374	7	)	)	PUNCT
aijbms-111	374	8	.	.	PUNCT
aijbms-111	375	1	international	international	ADJ
aijbms-111	375	2	capital	capital	NOUN
aijbms-111	375	3	mobility	mobility	NOUN
aijbms-111	375	4	in	in	ADP
aijbms-111	375	5	oecd	oecd	PROPN
aijbms-111	375	6	countries	country	NOUN
aijbms-111	375	7	:	:	PUNCT
aijbms-111	375	8	the	the	DET
aijbms-111	375	9	feldstein	feldstein	NOUN
aijbms-111	375	10	-	-	PUNCT
aijbms-111	375	11	horioka	horioka	NOUN
aijbms-111	375	12	puzzle	puzzle	NOUN
aijbms-111	375	13	revisited	revisit	VERB
aijbms-111	375	14	.	.	PUNCT
aijbms-111	376	1	economic	economic	ADJ
aijbms-111	376	2	letters,5(9	letters,5(9	PROPN
aijbms-111	376	3	)	)	PUNCT
aijbms-111	376	4	,	,	PUNCT
aijbms-111	376	5	237	237	NUM
aijbms-111	376	6	-	-	SYM
aijbms-111	376	7	242	242	NUM
aijbms-111	376	8	.	.	PUNCT
aijbms-111	377	1	jansen	jansen	PROPN
aijbms-111	377	2	,	,	PUNCT
aijbms-111	377	3	w.j	w.j	PROPN
aijbms-111	377	4	.	.	PROPN
aijbms-111	377	5	(	(	PUNCT
aijbms-111	377	6	1996	1996	NUM
aijbms-111	377	7	)	)	PUNCT
aijbms-111	377	8	.	.	PUNCT
aijbms-111	378	1	estimating	estimate	VERB
aijbms-111	378	2	saving	saving	NOUN
aijbms-111	378	3	-	-	PUNCT
aijbms-111	378	4	investment	investment	NOUN
aijbms-111	378	5	correlation	correlation	NOUN
aijbms-111	378	6	:	:	PUNCT
aijbms-111	378	7	evidence	evidence	NOUN
aijbms-111	378	8	for	for	ADP
aijbms-111	378	9	oecd	oecd	PROPN
aijbms-111	378	10	countries	country	NOUN
aijbms-111	378	11	based	base	VERB
aijbms-111	378	12	on	on	ADP
aijbms-111	378	13	an	an	DET
aijbms-111	378	14	error	error	NOUN
aijbms-111	378	15	correction	correction	NOUN
aijbms-111	378	16	model	model	NOUN
aijbms-111	378	17	.	.	PUNCT
aijbms-111	379	1	journal	journal	PROPN
aijbms-111	379	2	of	of	ADP
aijbms-111	379	3	international	international	ADJ
aijbms-111	379	4	money	money	NOUN
aijbms-111	379	5	and	and	CCONJ
aijbms-111	379	6	finance,.15(3),749	finance,.15(3),749	NOUN
aijbms-111	379	7	-	-	PUNCT
aijbms-111	379	8	781	781	PROPN
aijbms-111	379	9	.	.	PUNCT
aijbms-111	380	1	jayaraman	jayaraman	NOUN
aijbms-111	380	2	,	,	PUNCT
aijbms-111	380	3	t.k	t.k	PROPN
aijbms-111	380	4	.	.	PROPN
aijbms-111	380	5	(	(	PUNCT
aijbms-111	380	6	1996	1996	NUM
aijbms-111	380	7	)	)	PUNCT
aijbms-111	380	8	.	.	PUNCT
aijbms-111	381	1	private	private	ADJ
aijbms-111	381	2	investment	investment	NOUN
aijbms-111	381	3	and	and	CCONJ
aijbms-111	381	4	macroeconomic	macroeconomic	ADJ
aijbms-111	381	5	environment	environment	NOUN
aijbms-111	381	6	in	in	ADP
aijbms-111	381	7	the	the	DET
aijbms-111	381	8	south	south	PROPN
aijbms-111	381	9	pacific	pacific	PROPN
aijbms-111	381	10	island	island	NOUN
aijbms-111	381	11	countries	country	NOUN
aijbms-111	381	12	.	.	PUNCT
aijbms-111	382	1	a	a	DET
aijbms-111	382	2	cross	cross	ADJ
aijbms-111	382	3	-	-	ADJ
aijbms-111	382	4	country	country	ADJ
aijbms-111	382	5	analysis	analysis	NOUN
aijbms-111	382	6	,	,	PUNCT
aijbms-111	382	7	occasional	occasional	ADJ
aijbms-111	382	8	paper	paper	NOUN
aijbms-111	382	9	no.14	no.14	PROPN
aijbms-111	382	10	,	,	PUNCT
aijbms-111	382	11	asian	asian	PROPN
aijbms-111	382	12	development	development	PROPN
aijbms-111	382	13	bank	bank	PROPN
aijbms-111	382	14	,	,	PUNCT
aijbms-111	382	15	manila	manila	PROPN
aijbms-111	382	16	kanagaraj	kanagaraj	PROPN
aijbms-111	382	17	,	,	PUNCT
aijbms-111	382	18	a.	a.	PROPN
aijbms-111	382	19	,	,	PUNCT
aijbms-111	382	20	&	&	CCONJ
aijbms-111	382	21	ekta	ekta	PROPN
aijbms-111	382	22	,	,	PUNCT
aijbms-111	382	23	s.	s.	PROPN
aijbms-111	382	24	(	(	PUNCT
aijbms-111	382	25	2011	2011	NUM
aijbms-111	382	26	)	)	PUNCT
aijbms-111	382	27	.	.	PUNCT
aijbms-111	383	1	a	a	DET
aijbms-111	383	2	firm	firm	ADJ
aijbms-111	383	3	level	level	NOUN
aijbms-111	383	4	analysis	analysis	NOUN
aijbms-111	383	5	of	of	ADP
aijbms-111	383	6	the	the	DET
aijbms-111	383	7	exchange	exchange	NOUN
aijbms-111	383	8	rate	rate	NOUN
aijbms-111	383	9	exposure	exposure	NOUN
aijbms-111	383	10	of	of	ADP
aijbms-111	383	11	indian	indian	ADJ
aijbms-111	383	12	firms	firm	NOUN
aijbms-111	383	13	.	.	PUNCT
aijbms-111	384	1	journal	journal	NOUN
aijbms-111	384	2	of	of	ADP
aijbms-111	384	3	applied	apply	VERB
aijbms-111	384	4	finance	finance	NOUN
aijbms-111	384	5	&	&	CCONJ
aijbms-111	384	6	banking	banking	NOUN
aijbms-111	384	7	,	,	PUNCT
aijbms-111	384	8	1(4	1(4	NUM
aijbms-111	384	9	)	)	PUNCT
aijbms-111	384	10	,	,	PUNCT
aijbms-111	384	11	163	163	NUM
aijbms-111	384	12	-	-	SYM
aijbms-111	384	13	184	184	NUM
aijbms-111	384	14	.	.	PUNCT
aijbms-111	385	1	kasuga	kasuga	PROPN
aijbms-111	385	2	,	,	PUNCT
aijbms-111	385	3	h.(2004	h.(2004	PROPN
aijbms-111	385	4	)	)	PUNCT
aijbms-111	385	5	.	.	PUNCT
aijbms-111	386	1	savings	saving	NOUN
aijbms-111	386	2	-	-	PUNCT
aijbms-111	386	3	investment	investment	NOUN
aijbms-111	386	4	correlations	correlation	NOUN
aijbms-111	386	5	in	in	ADP
aijbms-111	386	6	developing	develop	VERB
aijbms-111	386	7	countries	country	NOUN
aijbms-111	386	8	.	.	PUNCT
aijbms-111	387	1	economic	economic	ADJ
aijbms-111	387	2	letters,.83,.371	letters,.83,.371	PROPN
aijbms-111	387	3	-	-	PUNCT
aijbms-111	387	4	376	376	NUM
aijbms-111	387	5	.	.	PUNCT
aijbms-111	388	1	ketenci	ketenci	PROPN
aijbms-111	388	2	,	,	PUNCT
aijbms-111	388	3	n.	n.	PROPN
aijbms-111	388	4	(	(	PUNCT
aijbms-111	388	5	2012	2012	NUM
aijbms-111	388	6	)	)	PUNCT
aijbms-111	388	7	.	.	PUNCT
aijbms-111	389	1	the	the	DET
aijbms-111	389	2	feldstein	feldstein	NOUN
aijbms-111	389	3	-	-	PUNCT
aijbms-111	389	4	horioka	horioka	NOUN
aijbms-111	389	5	puzzle	puzzle	NOUN
aijbms-111	389	6	and	and	CCONJ
aijbms-111	389	7	structural	structural	ADJ
aijbms-111	389	8	breaks	break	NOUN
aijbms-111	389	9	:	:	PUNCT
aijbms-111	389	10	evidence	evidence	NOUN
aijbms-111	389	11	from	from	ADP
aijbms-111	389	12	eu	eu	PROPN
aijbms-111	389	13	members	member	NOUN
aijbms-111	389	14	.	.	PUNCT
aijbms-111	390	1	economic	economic	ADJ
aijbms-111	390	2	modeling	modeling	NOUN
aijbms-111	390	3	.	.	PUNCT
aijbms-111	391	1	29	29	NUM
aijbms-111	391	2	(	(	PUNCT
aijbms-111	391	3	4	4	NUM
aijbms-111	391	4	)	)	PUNCT
aijbms-111	391	5	,	,	PUNCT
aijbms-111	391	6	262	262	NUM
aijbms-111	391	7	-	-	SYM
aijbms-111	391	8	270	270	NUM
aijbms-111	391	9	.	.	PUNCT
aijbms-111	392	1	keynes	keynes	PROPN
aijbms-111	392	2	,	,	PUNCT
aijbms-111	392	3	j.	j.	PROPN
aijbms-111	392	4	(	(	PUNCT
aijbms-111	392	5	1936	1936	NUM
aijbms-111	392	6	)	)	PUNCT
aijbms-111	392	7	,	,	PUNCT
aijbms-111	392	8	the	the	DET
aijbms-111	392	9	general	general	ADJ
aijbms-111	392	10	theory	theory	NOUN
aijbms-111	392	11	of	of	ADP
aijbms-111	392	12	employment	employment	NOUN
aijbms-111	392	13	;	;	PUNCT
aijbms-111	392	14	interest	interest	NOUN
aijbms-111	392	15	and	and	CCONJ
aijbms-111	392	16	money.cambridge	money.cambridge	PROPN
aijbms-111	392	17	:	:	PUNCT
aijbms-111	392	18	cambridge	cambridge	PROPN
aijbms-111	392	19	university	university	PROPN
aijbms-111	392	20	press	press	NOUN
aijbms-111	392	21	,	,	PUNCT
aijbms-111	392	22	1972	1972	NUM
aijbms-111	392	23	.	.	PUNCT
aijbms-111	393	1	lucky	lucky	ADJ
aijbms-111	393	2	,	,	PUNCT
aijbms-111	393	3	a.	a.	PROPN
aijbms-111	393	4	l.	l.	PROPN
aijbms-111	393	5	,	,	PUNCT
aijbms-111	393	6	&	&	CCONJ
aijbms-111	393	7	uzah	uzah	PROPN
aijbms-111	393	8	,	,	PUNCT
aijbms-111	393	9	c.	c.	PROPN
aijbms-111	393	10	k.	k.	PROPN
aijbms-111	393	11	,	,	PUNCT
aijbms-111	393	12	(	(	PUNCT
aijbms-111	393	13	2016	2016	NUM
aijbms-111	393	14	)	)	PUNCT
aijbms-111	393	15	.	.	PUNCT
aijbms-111	394	1	determinants	determinant	NOUN
aijbms-111	394	2	of	of	ADP
aijbms-111	394	3	capital	capital	NOUN
aijbms-111	394	4	formation	formation	NOUN
aijbms-111	394	5	in	in	ADP
aijbms-111	394	6	nigeria	nigeria	PROPN
aijbms-111	394	7	:	:	PUNCT
aijbms-111	394	8	a	a	DET
aijbms-111	394	9	test	test	NOUN
aijbms-111	394	10	of	of	ADP
aijbms-111	394	11	jhingan	jhingan	PROPN
aijbms-111	394	12	’s	’s	PART
aijbms-111	394	13	preposition	preposition	NOUN
aijbms-111	394	14	1981	1981	NUM
aijbms-111	394	15	–	–	PUNCT
aijbms-111	394	16	2014	2014	NUM
aijbms-111	394	17	.	.	PUNCT
aijbms-111	395	1	iiard	iiard	PROPN
aijbms-111	395	2	international	international	ADJ
aijbms-111	395	3	journal	journal	NOUN
aijbms-111	395	4	of	of	ADP
aijbms-111	395	5	banking	banking	NOUN
aijbms-111	395	6	and	and	CCONJ
aijbms-111	395	7	finance	finance	NOUN
aijbms-111	395	8	research	research	NOUN
aijbms-111	395	9	,	,	PUNCT
aijbms-111	395	10	2	2	NUM
aijbms-111	395	11	(	(	PUNCT
aijbms-111	395	12	1	1	NUM
aijbms-111	395	13	)	)	PUNCT
aijbms-111	395	14	,	,	PUNCT
aijbms-111	395	15	1	1	NUM
aijbms-111	395	16	–	–	SYM
aijbms-111	395	17	19	19	NUM
aijbms-111	395	18	.	.	PUNCT
aijbms-111	395	19	lucky	lucky	ADJ
aijbms-111	395	20	,	,	PUNCT
aijbms-111	395	21	a.	a.	PROPN
aijbms-111	395	22	l.	l.	PROPN
aijbms-111	395	23	,	,	PUNCT
aijbms-111	395	24	&	&	CCONJ
aijbms-111	395	25	uzah	uzah	PROPN
aijbms-111	395	26	,	,	PUNCT
aijbms-111	395	27	c.	c.	PROPN
aijbms-111	395	28	k.	k.	PROPN
aijbms-111	395	29	,	,	PUNCT
aijbms-111	395	30	(	(	PUNCT
aijbms-111	395	31	2017	2017	NUM
aijbms-111	395	32	)	)	PUNCT
aijbms-111	395	33	.	.	PUNCT
aijbms-111	396	1	monetary	monetary	ADJ
aijbms-111	396	2	policy	policy	NOUN
aijbms-111	396	3	transmission	transmission	NOUN
aijbms-111	396	4	mechanisms	mechanism	NOUN
aijbms-111	396	5	and	and	CCONJ
aijbms-111	396	6	domestic	domestic	ADJ
aijbms-111	396	7	real	real	ADJ
aijbms-111	396	8	investment	investment	NOUN
aijbms-111	396	9	in	in	ADP
aijbms-111	396	10	nigeria	nigeria	PROPN
aijbms-111	396	11	:	:	PUNCT
aijbms-111	396	12	a	a	DET
aijbms-111	396	13	time	time	NOUN
aijbms-111	396	14	series	series	PROPN
aijbms-111	396	15	study	study	PROPN
aijbms-111	396	16	1981	1981	NUM
aijbms-111	396	17	-	-	SYM
aijbms-111	396	18	2015	2015	NUM
aijbms-111	396	19	.	.	PUNCT
aijbms-111	397	1	iiard	iiard	PROPN
aijbms-111	397	2	international	international	ADJ
aijbms-111	397	3	journal	journal	PROPN
aijbms-111	397	4	of	of	ADP
aijbms-111	397	5	economic	economic	ADJ
aijbms-111	397	6	and	and	CCONJ
aijbms-111	397	7	financial	financial	ADJ
aijbms-111	397	8	management	management	NOUN
aijbms-111	397	9	,	,	PUNCT
aijbms-111	397	10	2	2	NUM
aijbms-111	397	11	(	(	PUNCT
aijbms-111	397	12	2	2	NUM
aijbms-111	397	13	)	)	PUNCT
aijbms-111	397	14	,	,	PUNCT
aijbms-111	397	15	29	29	NUM
aijbms-111	397	16	–	–	SYM
aijbms-111	397	17	59	59	NUM
aijbms-111	397	18	.	.	PUNCT
aijbms-111	397	19	www.acseusa.org/journal/index.php/aijbms	www.acseusa.org/journal/index.php/aijbms	PROPN
aijbms-111	397	20	american	american	PROPN
aijbms-111	397	21	international	international	PROPN
aijbms-111	397	22	journal	journal	PROPN
aijbms-111	397	23	of	of	ADP
aijbms-111	397	24	business	business	NOUN
aijbms-111	397	25	and	and	CCONJ
aijbms-111	397	26	management	management	NOUN
aijbms-111	397	27	studies	study	NOUN
aijbms-111	397	28	vol	vol	NOUN
aijbms-111	397	29	.	.	PROPN
aijbms-111	398	1	1	1	NUM
aijbms-111	398	2	,	,	PUNCT
aijbms-111	398	3	no	no	INTJ
aijbms-111	398	4	.	.	NOUN
aijbms-111	398	5	1	1	NUM
aijbms-111	398	6	;	;	PUNCT
aijbms-111	398	7	2019	2019	NUM
aijbms-111	398	8	37	37	NUM
aijbms-111	398	9	mckinnon	mckinnon	PROPN
aijbms-111	398	10	,	,	PUNCT
aijbms-111	398	11	r.	r.	PROPN
aijbms-111	398	12	i.	i.	PROPN
aijbms-111	398	13	(	(	PUNCT
aijbms-111	398	14	1973	1973	NUM
aijbms-111	398	15	)	)	PUNCT
aijbms-111	398	16	.	.	PUNCT
aijbms-111	399	1	money	money	NOUN
aijbms-111	399	2	and	and	CCONJ
aijbms-111	399	3	capital	capital	NOUN
aijbms-111	399	4	in	in	ADP
aijbms-111	399	5	economic	economic	ADJ
aijbms-111	399	6	development	development	NOUN
aijbms-111	399	7	.	.	PUNCT
aijbms-111	400	1	washington	washington	PROPN
aijbms-111	400	2	d.c	d.c	PROPN
aijbms-111	400	3	.	.	PUNCT
aijbms-111	401	1	brookings	brookings	PROPN
aijbms-111	401	2	institution	institution	PROPN
aijbms-111	401	3	.	.	PUNCT
aijbms-111	402	1	narayan	narayan	PROPN
aijbms-111	402	2	,	,	PUNCT
aijbms-111	402	3	p.k	p.k	PROPN
aijbms-111	402	4	.	.	PUNCT
aijbms-111	402	5	(	(	PUNCT
aijbms-111	402	6	2005	2005	NUM
aijbms-111	402	7	)	)	PUNCT
aijbms-111	402	8	.	.	PUNCT
aijbms-111	403	1	the	the	DET
aijbms-111	403	2	relationship	relationship	NOUN
aijbms-111	403	3	between	between	ADP
aijbms-111	403	4	saving	saving	NOUN
aijbms-111	403	5	and	and	CCONJ
aijbms-111	403	6	investment	investment	NOUN
aijbms-111	403	7	for	for	ADP
aijbms-111	403	8	japan	japan	PROPN
aijbms-111	403	9	.	.	PUNCT
aijbms-111	404	1	japan	japan	PROPN
aijbms-111	404	2	and	and	CCONJ
aijbms-111	404	3	world	world	PROPN
aijbms-111	404	4	economy	economy	NOUN
aijbms-111	404	5	,	,	PUNCT
aijbms-111	404	6	.17	.17	NUM
aijbms-111	404	7	,	,	PUNCT
aijbms-111	404	8	239	239	NUM
aijbms-111	404	9	-	-	SYM
aijbms-111	404	10	309	309	NUM
aijbms-111	404	11	.	.	PUNCT
aijbms-111	405	1	nazar	nazar	PROPN
aijbms-111	405	2	,	,	PUNCT
aijbms-111	405	3	d.	d.	PROPN
aijbms-111	405	4	,	,	PUNCT
aijbms-111	405	5	bashiri	bashiri	PROPN
aijbms-111	405	6	,	,	PUNCT
aijbms-111	405	7	s	s	X
aijbms-111	405	8	(	(	PUNCT
aijbms-111	405	9	2012	2012	NUM
aijbms-111	405	10	)	)	PUNCT
aijbms-111	405	11	.	.	PUNCT
aijbms-111	406	1	investigation	investigation	NOUN
aijbms-111	406	2	of	of	ADP
aijbms-111	406	3	the	the	DET
aijbms-111	406	4	relationship	relationship	NOUN
aijbms-111	406	5	between	between	ADP
aijbms-111	406	6	real	real	ADJ
aijbms-111	406	7	exchange	exchange	NOUN
aijbms-111	406	8	rate	rate	NOUN
aijbms-111	406	9	uncertainty	uncertainty	NOUN
aijbms-111	406	10	and	and	CCONJ
aijbms-111	406	11	private	private	ADJ
aijbms-111	406	12	investment	investment	NOUN
aijbms-111	406	13	in	in	ADP
aijbms-111	406	14	iran	iran	PROPN
aijbms-111	406	15	:	:	PUNCT
aijbms-111	406	16	an	an	DET
aijbms-111	406	17	application	application	NOUN
aijbms-111	406	18	of	of	ADP
aijbms-111	406	19	bivariate	bivariate	ADJ
aijbms-111	406	20	generalized	generalized	ADJ
aijbms-111	406	21	autoregressive	autoregressive	ADJ
aijbms-111	406	22	conditional	conditional	ADJ
aijbms-111	406	23	heteroskedasticity	heteroskedasticity	NOUN
aijbms-111	406	24	(	(	PUNCT
aijbms-111	406	25	garch)-m	garch)-m	NOUN
aijbms-111	406	26	model	model	NOUN
aijbms-111	406	27	with	with	ADP
aijbms-111	406	28	bekk	bekk	NOUN
aijbms-111	406	29	approach	approach	NOUN
aijbms-111	406	30	.	.	PUNCT
aijbms-111	407	1	african	african	ADJ
aijbms-111	407	2	journal	journal	PROPN
aijbms-111	407	3	of	of	ADP
aijbms-111	407	4	business	business	NOUN
aijbms-111	407	5	management	management	NOUN
aijbms-111	407	6	,	,	PUNCT
aijbms-111	407	7	6(25	6(25	PROPN
aijbms-111	407	8	)	)	PUNCT
aijbms-111	407	9	,	,	PUNCT
aijbms-111	407	10	7489	7489	NUM
aijbms-111	407	11	-	-	SYM
aijbms-111	407	12	7497	7497	NUM
aijbms-111	407	13	.	.	PUNCT
aijbms-111	408	1	ndikumana	ndikumana	PROPN
aijbms-111	408	2	l.	l.	PROPN
aijbms-111	408	3	(	(	PUNCT
aijbms-111	408	4	2014	2014	NUM
aijbms-111	408	5	)	)	PUNCT
aijbms-111	408	6	.	.	PUNCT
aijbms-111	409	1	implications	implication	NOUN
aijbms-111	409	2	of	of	ADP
aijbms-111	409	3	monetary	monetary	ADJ
aijbms-111	409	4	policy	policy	NOUN
aijbms-111	409	5	for	for	ADP
aijbms-111	409	6	credit	credit	NOUN
aijbms-111	409	7	and	and	CCONJ
aijbms-111	409	8	investment	investment	NOUN
aijbms-111	409	9	in	in	ADP
aijbms-111	409	10	sub	sub	ADJ
aijbms-111	409	11	-	-	ADJ
aijbms-111	409	12	saharan	saharan	ADJ
aijbms-111	409	13	african	african	ADJ
aijbms-111	409	14	countries	country	NOUN
aijbms-111	409	15	,	,	PUNCT
aijbms-111	409	16	department	department	NOUN
aijbms-111	409	17	of	of	ADP
aijbms-111	409	18	economics	economic	NOUN
aijbms-111	409	19	and	and	CCONJ
aijbms-111	409	20	political	political	ADJ
aijbms-111	409	21	economy	economy	NOUN
aijbms-111	409	22	research	research	NOUN
aijbms-111	409	23	institute	institute	PROPN
aijbms-111	409	24	.	.	PUNCT
aijbms-111	410	1	university	university	PROPN
aijbms-111	410	2	of	of	ADP
aijbms-111	410	3	massachusetts	massachusetts	PROPN
aijbms-111	410	4	at	at	ADP
aijbms-111	410	5	amherst	amherst	PROPN
aijbms-111	410	6	.	.	PUNCT
aijbms-111	411	1	ndikumana	ndikumana	PROPN
aijbms-111	411	2	,	,	PUNCT
aijbms-111	411	3	leonce	leonce	NOUN
aijbms-111	411	4	(	(	PUNCT
aijbms-111	411	5	2000	2000	NUM
aijbms-111	411	6	)	)	PUNCT
aijbms-111	411	7	,	,	PUNCT
aijbms-111	411	8	financial	financial	ADJ
aijbms-111	411	9	determinants	determinant	NOUN
aijbms-111	411	10	of	of	ADP
aijbms-111	411	11	domestic	domestic	ADJ
aijbms-111	411	12	investment	investment	NOUN
aijbms-111	411	13	in	in	ADP
aijbms-111	411	14	sub	sub	ADJ
aijbms-111	411	15	-	-	ADJ
aijbms-111	411	16	saharan	saharan	ADJ
aijbms-111	411	17	africa	africa	PROPN
aijbms-111	411	18	:	:	PUNCT
aijbms-111	411	19	evidence	evidence	NOUN
aijbms-111	411	20	from	from	ADP
aijbms-111	411	21	panel	panel	NOUN
aijbms-111	411	22	data	datum	NOUN
aijbms-111	411	23	.	.	PUNCT
aijbms-111	412	1	world	world	PROPN
aijbms-111	412	2	development	development	PROPN
aijbms-111	412	3	vol	vol	NOUN
aijbms-111	412	4	.	.	PROPN
aijbms-111	413	1	28	28	NUM
aijbms-111	413	2	,	,	PUNCT
aijbms-111	413	3	no	no	INTJ
aijbms-111	413	4	.	.	PUNCT
aijbms-111	414	1	2,pp	2,pp	X
aijbms-111	414	2	.	.	PUNCT
aijbms-111	415	1	381	381	NUM
aijbms-111	415	2	-	-	SYM
aijbms-111	415	3	400	400	NUM
aijbms-111	415	4	,	,	PUNCT
aijbms-111	415	5	elsevier	elsevier	PROPN
aijbms-111	415	6	science	science	PROPN
aijbms-111	415	7	ltd	ltd	PROPN
aijbms-111	415	8	.	.	PROPN
aijbms-111	415	9	oshikoya	oshikoya	PROPN
aijbms-111	415	10	,	,	PUNCT
aijbms-111	415	11	t.	t.	PROPN
aijbms-111	415	12	w.	w.	PROPN
aijbms-111	415	13	(	(	PUNCT
aijbms-111	415	14	1994	1994	NUM
aijbms-111	415	15	)	)	PUNCT
aijbms-111	415	16	.	.	PUNCT
aijbms-111	416	1	macroeconomic	macroeconomic	ADJ
aijbms-111	416	2	determinants	determinant	NOUN
aijbms-111	416	3	of	of	ADP
aijbms-111	416	4	domestic	domestic	ADJ
aijbms-111	416	5	private	private	ADJ
aijbms-111	416	6	investment	investment	NOUN
aijbms-111	416	7	in	in	ADP
aijbms-111	416	8	africa	africa	PROPN
aijbms-111	416	9	:	:	PUNCT
aijbms-111	416	10	an	an	DET
aijbms-111	416	11	empirical	empirical	ADJ
aijbms-111	416	12	analysis	analysis	NOUN
aijbms-111	416	13	.	.	PUNCT
aijbms-111	417	1	chicago	chicago	PROPN
aijbms-111	417	2	journals	journal	NOUN
aijbms-111	417	3	,	,	PUNCT
aijbms-111	417	4	42(3	42(3	NUM
aijbms-111	417	5	)	)	PUNCT
aijbms-111	417	6	,	,	PUNCT
aijbms-111	417	7	385	385	NUM
aijbms-111	417	8	-	-	SYM
aijbms-111	417	9	402	402	NUM
aijbms-111	417	10	.	.	PUNCT
aijbms-111	418	1	ozman	ozman	PROPN
aijbms-111	418	2	,	,	PUNCT
aijbms-111	418	3	e.	e.	PROPN
aijbms-111	418	4	and	and	CCONJ
aijbms-111	418	5	parmaksiz	parmaksiz	PROPN
aijbms-111	418	6	,	,	PUNCT
aijbms-111	418	7	k.	k.	PROPN
aijbms-111	418	8	(	(	PUNCT
aijbms-111	418	9	2003	2003	NUM
aijbms-111	418	10	)	)	PUNCT
aijbms-111	418	11	.	.	PUNCT
aijbms-111	419	1	policy	policy	NOUN
aijbms-111	419	2	regime	regime	NOUN
aijbms-111	419	3	change	change	NOUN
aijbms-111	419	4	and	and	CCONJ
aijbms-111	419	5	the	the	DET
aijbms-111	419	6	feldstein	feldstein	NOUN
aijbms-111	419	7	-	-	PUNCT
aijbms-111	419	8	horioka	horioka	NOUN
aijbms-111	419	9	puzzle	puzzle	NOUN
aijbms-111	419	10	.	.	PUNCT
aijbms-111	420	1	the	the	DET
aijbms-111	420	2	uk	uk	PROPN
aijbms-111	420	3	evidence	evidence	NOUN
aijbms-111	420	4	.	.	PUNCT
aijbms-111	421	1	journal	journal	NOUN
aijbms-111	421	2	of	of	ADP
aijbms-111	421	3	policy	policy	NOUN
aijbms-111	421	4	modeling	modeling	NOUN
aijbms-111	421	5	,	,	PUNCT
aijbms-111	421	6	25	25	NUM
aijbms-111	421	7	,	,	PUNCT
aijbms-111	421	8	137	137	NUM
aijbms-111	421	9	-	-	SYM
aijbms-111	421	10	149	149	NUM
aijbms-111	421	11	.	.	PUNCT
aijbms-111	422	1	payne	payne	PROPN
aijbms-111	422	2	,	,	PUNCT
aijbms-111	422	3	j.e	j.e	PROPN
aijbms-111	422	4	.	.	PROPN
aijbms-111	422	5	(	(	PUNCT
aijbms-111	422	6	2005	2005	NUM
aijbms-111	422	7	)	)	PUNCT
aijbms-111	422	8	.	.	PUNCT
aijbms-111	423	1	savings	saving	NOUN
aijbms-111	423	2	-	-	PUNCT
aijbms-111	423	3	investment	investment	NOUN
aijbms-111	423	4	dynamics	dynamic	NOUN
aijbms-111	423	5	in	in	ADP
aijbms-111	423	6	mexico	mexico	PROPN
aijbms-111	423	7	.	.	PUNCT
aijbms-111	424	1	journal	journal	PROPN
aijbms-111	424	2	of	of	ADP
aijbms-111	424	3	policy	policy	NOUN
aijbms-111	424	4	modeling	modeling	NOUN
aijbms-111	424	5	,	,	PUNCT
aijbms-111	424	6	.27,525	.27,525	PUNCT
aijbms-111	424	7	-	-	PUNCT
aijbms-111	424	8	534	534	NUM
aijbms-111	424	9	.	.	PUNCT
aijbms-111	425	1	pelgrin	pelgrin	NOUN
aijbms-111	425	2	,	,	PUNCT
aijbms-111	425	3	f.	f.	PROPN
aijbms-111	425	4	&	&	CCONJ
aijbms-111	425	5	schich	schich	PROPN
aijbms-111	425	6	,	,	PUNCT
aijbms-111	425	7	s.	s.	PROPN
aijbms-111	425	8	(	(	PUNCT
aijbms-111	425	9	2008	2008	NUM
aijbms-111	425	10	)	)	PUNCT
aijbms-111	425	11	.	.	PUNCT
aijbms-111	426	1	international	international	ADJ
aijbms-111	426	2	capital	capital	NOUN
aijbms-111	426	3	mobility	mobility	NOUN
aijbms-111	426	4	:	:	PUNCT
aijbms-111	426	5	what	what	PRON
aijbms-111	426	6	do	do	AUX
aijbms-111	426	7	national	national	ADJ
aijbms-111	426	8	saving	saving	NOUN
aijbms-111	426	9	investment	investment	NOUN
aijbms-111	426	10	dynamics	dynamic	NOUN
aijbms-111	426	11	tell	tell	VERB
aijbms-111	426	12	us	we	PRON
aijbms-111	426	13	?	?	PUNCT
aijbms-111	426	14	.	.	PUNCT
aijbms-111	427	1	journal	journal	PROPN
aijbms-111	427	2	of	of	ADP
aijbms-111	427	3	international	international	ADJ
aijbms-111	427	4	money	money	NOUN
aijbms-111	427	5	and	and	CCONJ
aijbms-111	427	6	finance	finance	NOUN
aijbms-111	427	7	,	,	PUNCT
aijbms-111	427	8	27,331	27,331	NUM
aijbms-111	427	9	seth	seth	PROPN
aijbms-111	427	10	,	,	PUNCT
aijbms-111	427	11	b.	b.	PROPN
aijbms-111	427	12	(	(	PUNCT
aijbms-111	427	13	2011	2011	NUM
aijbms-111	427	14	)	)	PUNCT
aijbms-111	427	15	.	.	PUNCT
aijbms-111	428	1	long	long	ADV
aijbms-111	428	2	run	run	VERB
aijbms-111	428	3	and	and	CCONJ
aijbms-111	428	4	short	short	ADJ
aijbms-111	428	5	run	run	NOUN
aijbms-111	428	6	saving	saving	NOUN
aijbms-111	428	7	-	-	PUNCT
aijbms-111	428	8	investment	investment	NOUN
aijbms-111	428	9	relationship	relationship	NOUN
aijbms-111	428	10	in	in	ADP
aijbms-111	428	11	india	india	PROPN
aijbms-111	428	12	.	.	PUNCT
aijbms-111	429	1	rbi	rbi	PROPN
aijbms-111	429	2	working	working	PROPN
aijbms-111	429	3	paper	paper	NOUN
aijbms-111	429	4	series	series	NOUN
aijbms-111	429	5	,	,	PUNCT
aijbms-111	429	6	department	department	NOUN
aijbms-111	429	7	of	of	ADP
aijbms-111	429	8	economics	economic	NOUN
aijbms-111	429	9	and	and	CCONJ
aijbms-111	429	10	policy	policy	NOUN
aijbms-111	429	11	research	research	NOUN
aijbms-111	429	12	no.13	no.13	NOUN
aijbms-111	429	13	.	.	PUNCT
aijbms-111	430	1	singh	singh	PROPN
aijbms-111	430	2	,	,	PUNCT
aijbms-111	430	3	t.	t.	PROPN
aijbms-111	430	4	(	(	PUNCT
aijbms-111	430	5	2008	2008	NUM
aijbms-111	430	6	)	)	PUNCT
aijbms-111	430	7	.	.	PUNCT
aijbms-111	431	1	testing	test	VERB
aijbms-111	431	2	the	the	DET
aijbms-111	431	3	saving	saving	NOUN
aijbms-111	431	4	-	-	PUNCT
aijbms-111	431	5	investment	investment	NOUN
aijbms-111	431	6	correlations	correlation	NOUN
aijbms-111	431	7	in	in	ADP
aijbms-111	431	8	india	india	PROPN
aijbms-111	431	9	.	.	PUNCT
aijbms-111	432	1	an	an	DET
aijbms-111	432	2	evidence	evidence	NOUN
aijbms-111	432	3	from	from	ADP
aijbms-111	432	4	single	single	ADJ
aijbms-111	432	5	-	-	PUNCT
aijbms-111	432	6	equation	equation	NOUN
aijbms-111	432	7	and	and	CCONJ
aijbms-111	432	8	system	system	NOUN
aijbms-111	432	9	estimators	estimator	NOUN
aijbms-111	432	10	.	.	PUNCT
aijbms-111	433	1	economic	economic	ADJ
aijbms-111	433	2	modeling	modeling	NOUN
aijbms-111	433	3	,	,	PUNCT
aijbms-111	433	4	25,1064	25,1064	NOUN
aijbms-111	433	5	-	-	SYM
aijbms-111	433	6	1094	1094	NUM
aijbms-111	433	7	.	.	PUNCT
aijbms-111	434	1	singha	singha	PROPN
aijbms-111	434	2	,	,	PUNCT
aijbms-111	434	3	d.	d.	PROPN
aijbms-111	434	4	(	(	PUNCT
aijbms-111	434	5	2002	2002	NUM
aijbms-111	434	6	)	)	PUNCT
aijbms-111	434	7	.	.	PUNCT
aijbms-111	435	1	saving	saving	NOUN
aijbms-111	435	2	-	-	PUNCT
aijbms-111	435	3	investment	investment	NOUN
aijbms-111	435	4	relationships	relationship	NOUN
aijbms-111	435	5	japan	japan	PROPN
aijbms-111	435	6	and	and	CCONJ
aijbms-111	435	7	other	other	ADJ
aijbms-111	435	8	asian	asian	ADJ
aijbms-111	435	9	countries	country	NOUN
aijbms-111	435	10	.	.	PUNCT
aijbms-111	436	1	japan	japan	PROPN
aijbms-111	436	2	and	and	CCONJ
aijbms-111	436	3	world	world	NOUN
aijbms-111	436	4	economy	economy	NOUN
aijbms-111	436	5	,	,	PUNCT
aijbms-111	436	6	14,1	14,1	NOUN
aijbms-111	436	7	-	-	SYM
aijbms-111	436	8	23	23	NUM
aijbms-111	436	9	.	.	PUNCT
aijbms-111	437	1	tang	tang	PROPN
aijbms-111	437	2	,	,	PUNCT
aijbms-111	437	3	c.f	c.f	PROPN
aijbms-111	437	4	.	.	PROPN
aijbms-111	437	5	and	and	CCONJ
aijbms-111	437	6	lean	lean	ADJ
aijbms-111	437	7	,	,	PUNCT
aijbms-111	437	8	h.h	h.h	PROPN
aijbms-111	437	9	.	.	PROPN
aijbms-111	437	10	(	(	PUNCT
aijbms-111	437	11	2008	2008	NUM
aijbms-111	437	12	)	)	PUNCT
aijbms-111	437	13	.	.	PUNCT
aijbms-111	438	1	the	the	DET
aijbms-111	438	2	savings	saving	NOUN
aijbms-111	438	3	and	and	CCONJ
aijbms-111	438	4	investment	investment	NOUN
aijbms-111	438	5	nexus	nexus	NOUN
aijbms-111	438	6	:	:	PUNCT
aijbms-111	438	7	evidence	evidence	NOUN
aijbms-111	438	8	from	from	ADP
aijbms-111	438	9	rolling	roll	VERB
aijbms-111	438	10	windows	window	NOUN
aijbms-111	438	11	bounds	bound	NOUN
aijbms-111	438	12	test	test	VERB
aijbms-111	438	13	.	.	PUNCT
aijbms-111	439	1	asian	asian	ADJ
aijbms-111	439	2	business	business	NOUN
aijbms-111	439	3	and	and	CCONJ
aijbms-111	439	4	economics	economics	PROPN
aijbms-111	439	5	research	research	NOUN
aijbms-111	439	6	unit	unit	NOUN
aijbms-111	439	7	,	,	PUNCT
aijbms-111	439	8	discussion	discussion	NOUN
aijbms-111	439	9	paper	paper	NOUN
aijbms-111	439	10	66	66	NUM
aijbms-111	439	11	.	.	PUNCT
aijbms-111	440	1	tobias	tobias	PROPN
aijbms-111	440	2	,	,	PUNCT
aijbms-111	440	3	o.	o.	NOUN
aijbms-111	440	4	,	,	PUNCT
aijbms-111	440	5	and	and	CCONJ
aijbms-111	440	6	manbo	manbo	NOUN
aijbms-111	440	7	,	,	PUNCT
aijbms-111	440	8	c.	c.	PROPN
aijbms-111	440	9	,	,	PUNCT
aijbms-111	440	10	(	(	PUNCT
aijbms-111	440	11	2012	2012	NUM
aijbms-111	440	12	)	)	PUNCT
aijbms-111	440	13	.	.	PUNCT
aijbms-111	441	1	the	the	DET
aijbms-111	441	2	effect	effect	NOUN
aijbms-111	441	3	of	of	ADP
aijbms-111	441	4	monetary	monetary	ADJ
aijbms-111	441	5	policy	policy	NOUN
aijbms-111	441	6	on	on	ADP
aijbms-111	441	7	private	private	ADJ
aijbms-111	441	8	sector	sector	NOUN
aijbms-111	441	9	investment	investment	NOUN
aijbms-111	441	10	in	in	ADP
aijbms-111	441	11	kenya	kenya	PROPN
aijbms-111	441	12	.	.	PUNCT
aijbms-111	442	1	journal	journal	PROPN
aijbms-111	442	2	of	of	ADP
aijbms-111	442	3	applied	apply	VERB
aijbms-111	442	4	finance	finance	NOUN
aijbms-111	442	5	&	&	CCONJ
aijbms-111	442	6	banking	banking	NOUN
aijbms-111	442	7	,	,	PUNCT
aijbms-111	442	8	2(2	2(2	NUM
aijbms-111	442	9	)	)	PUNCT
aijbms-111	442	10	,	,	PUNCT
aijbms-111	442	11	239	239	NUM
aijbms-111	442	12	-	-	SYM
aijbms-111	442	13	287	287	NUM
aijbms-111	442	14	.	.	PUNCT
aijbms-111	443	1	copyrights	copyright	VERB
aijbms-111	443	2	copyright	copyright	NOUN
aijbms-111	443	3	for	for	ADP
aijbms-111	443	4	this	this	DET
aijbms-111	443	5	article	article	NOUN
aijbms-111	443	6	is	be	AUX
aijbms-111	443	7	retained	retain	VERB
aijbms-111	443	8	by	by	ADP
aijbms-111	443	9	the	the	DET
aijbms-111	443	10	author(s	author(s	PROPN
aijbms-111	443	11	)	)	PUNCT
aijbms-111	443	12	,	,	PUNCT
aijbms-111	443	13	with	with	ADP
aijbms-111	443	14	first	first	ADJ
aijbms-111	443	15	publication	publication	NOUN
aijbms-111	443	16	rights	right	NOUN
aijbms-111	443	17	granted	grant	VERB
aijbms-111	443	18	to	to	ADP
aijbms-111	443	19	the	the	DET
aijbms-111	443	20	journal	journal	NOUN
aijbms-111	443	21	.	.	PUNCT
aijbms-111	444	1	this	this	PRON
aijbms-111	444	2	is	be	AUX
aijbms-111	444	3	an	an	DET
aijbms-111	444	4	open	open	ADJ
aijbms-111	444	5	-	-	PUNCT
aijbms-111	444	6	access	access	NOUN
aijbms-111	444	7	article	article	NOUN
aijbms-111	444	8	distributed	distribute	VERB
aijbms-111	444	9	under	under	ADP
aijbms-111	444	10	the	the	DET
aijbms-111	444	11	terms	term	NOUN
aijbms-111	444	12	and	and	CCONJ
aijbms-111	444	13	conditions	condition	NOUN
aijbms-111	444	14	of	of	ADP
aijbms-111	444	15	the	the	DET
aijbms-111	444	16	creative	creative	ADJ
aijbms-111	444	17	commons	common	NOUN
aijbms-111	444	18	attribution	attribution	NOUN
aijbms-111	444	19	license	license	NOUN
aijbms-111	444	20	(	(	PUNCT
aijbms-111	444	21	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
aijbms-111	444	22	)	)	PUNCT
aijbms-111	444	23	.	.	PUNCT