id	sid	tid	token	lemma	pos
arjefm-1157	1	1	american	american	PROPN
arjefm-1157	1	2	research	research	PROPN
arjefm-1157	1	3	journal	journal	PROPN
arjefm-1157	1	4	of	of	ADP
arjefm-1157	1	5	economics	economic	NOUN
arjefm-1157	1	6	,	,	PUNCT
arjefm-1157	1	7	finance	finance	NOUN
arjefm-1157	1	8	and	and	CCONJ
arjefm-1157	1	9	management	management	NOUN
arjefm-1157	1	10	volume	volume	NOUN
arjefm-1157	1	11	13	13	NUM
arjefm-1157	1	12	issue	issue	NOUN
arjefm-1157	1	13	1	1	NUM
arjefm-1157	1	14	,	,	PUNCT
arjefm-1157	1	15	january	january	PROPN
arjefm-1157	1	16	-	-	PUNCT
arjefm-1157	1	17	march	march	PROPN
arjefm-1157	1	18	2025	2025	NUM
arjefm-1157	1	19	issn	issn	NOUN
arjefm-1157	1	20	:	:	PUNCT
arjefm-1157	1	21	2836	2836	NUM
arjefm-1157	1	22	-	-	SYM
arjefm-1157	1	23	9416	9416	NUM
arjefm-1157	1	24	impact	impact	NOUN
arjefm-1157	1	25	factor	factor	NOUN
arjefm-1157	1	26	:	:	PUNCT
arjefm-1157	1	27	6.41	6.41	NUM
arjefm-1157	1	28	journal	journal	NOUN
arjefm-1157	1	29	homepage	homepage	NOUN
arjefm-1157	1	30	:	:	PUNCT
arjefm-1157	1	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	1	32	,	,	PUNCT
arjefm-1157	1	33	email	email	NOUN
arjefm-1157	1	34	:	:	PUNCT
arjefm-1157	1	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	1	36	official	official	ADJ
arjefm-1157	1	37	journal	journal	PROPN
arjefm-1157	1	38	of	of	ADP
arjefm-1157	1	39	america	america	PROPN
arjefm-1157	1	40	serial	serial	PROPN
arjefm-1157	1	41	publication	publication	NOUN
arjefm-1157	1	42	american	american	PROPN
arjefm-1157	1	43	research	research	PROPN
arjefm-1157	1	44	journal	journal	PROPN
arjefm-1157	1	45	of	of	ADP
arjefm-1157	1	46	economics	economic	NOUN
arjefm-1157	1	47	,	,	PUNCT
arjefm-1157	1	48	finance	finance	NOUN
arjefm-1157	1	49	and	and	CCONJ
arjefm-1157	1	50	management	management	NOUN
arjefm-1157	1	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	1	52	,	,	PUNCT
arjefm-1157	1	53	email	email	NOUN
arjefm-1157	1	54	:	:	PUNCT
arjefm-1157	2	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	3	1	60	60	NUM
arjefm-1157	4	1	|	|	ADV
arjefm-1157	4	2	p	p	X
arjefm-1157	4	3	a	a	DET
arjefm-1157	4	4	g	g	NOUN
arjefm-1157	4	5	e	e	NOUN
arjefm-1157	4	6	empirical	empirical	ADJ
arjefm-1157	4	7	analysis	analysis	NOUN
arjefm-1157	4	8	of	of	ADP
arjefm-1157	4	9	selected	select	VERB
arjefm-1157	4	10	determinants	determinant	NOUN
arjefm-1157	4	11	of	of	ADP
arjefm-1157	4	12	capital	capital	NOUN
arjefm-1157	4	13	flow	flow	NOUN
arjefm-1157	4	14	in	in	ADP
arjefm-1157	4	15	nigeria	nigeria	PROPN
arjefm-1157	4	16	1dr	1dr	NOUN
arjefm-1157	4	17	.	.	PUNCT
arjefm-1157	5	1	saviour	saviour	PROPN
arjefm-1157	5	2	sebastian	sebastian	PROPN
arjefm-1157	5	3	udo	udo	PROPN
arjefm-1157	5	4	and	and	CCONJ
arjefm-1157	5	5	1dr	1dr	NOUN
arjefm-1157	5	6	.	.	PUNCT
arjefm-1157	6	1	endurance	endurance	NOUN
arjefm-1157	6	2	g.	g.	PROPN
arjefm-1157	6	3	udo	udo	PROPN
arjefm-1157	7	1	1department	1department	NUM
arjefm-1157	7	2	of	of	ADP
arjefm-1157	7	3	economics	economic	NOUN
arjefm-1157	7	4	,	,	PUNCT
arjefm-1157	7	5	akwa	akwa	ADJ
arjefm-1157	7	6	ibom	ibom	ADJ
arjefm-1157	7	7	state	state	NOUN
arjefm-1157	7	8	college	college	NOUN
arjefm-1157	7	9	of	of	ADP
arjefm-1157	7	10	education	education	NOUN
arjefm-1157	7	11	,	,	PUNCT
arjefm-1157	7	12	afaha	afaha	NOUN
arjefm-1157	7	13	nsit	nsit	NOUN
arjefm-1157	7	14	,	,	PUNCT
arjefm-1157	7	15	akwa	akwa	ADJ
arjefm-1157	7	16	ibom	ibom	ADJ
arjefm-1157	7	17	state	state	NOUN
arjefm-1157	7	18	,	,	PUNCT
arjefm-1157	7	19	nigeria	nigeria	PROPN
arjefm-1157	7	20	.	.	PUNCT
arjefm-1157	8	1	sasedo2016@gmail.com	sasedo2016@gmail.com	X
arjefm-1157	9	1	doi	doi	PROPN
arjefm-1157	9	2	:	:	PUNCT
arjefm-1157	9	3	https://doi.org/10.5281/zenodo.14871051	https://doi.org/10.5281/zenodo.14871051	ADJ
arjefm-1157	9	4	abstract	abstract	NOUN
arjefm-1157	9	5	:	:	PUNCT
arjefm-1157	9	6	this	this	DET
arjefm-1157	9	7	study	study	NOUN
arjefm-1157	9	8	evaluates	evaluate	VERB
arjefm-1157	9	9	how	how	SCONJ
arjefm-1157	9	10	selected	select	VERB
arjefm-1157	9	11	factors	factor	NOUN
arjefm-1157	9	12	have	have	AUX
arjefm-1157	9	13	influenced	influence	VERB
arjefm-1157	9	14	capital	capital	NOUN
arjefm-1157	9	15	inflow	inflow	NOUN
arjefm-1157	9	16	in	in	ADP
arjefm-1157	9	17	nigeria	nigeria	PROPN
arjefm-1157	9	18	.	.	PUNCT
arjefm-1157	10	1	this	this	DET
arjefm-1157	10	2	study	study	NOUN
arjefm-1157	10	3	observes	observe	VERB
arjefm-1157	10	4	the	the	DET
arjefm-1157	10	5	fact	fact	NOUN
arjefm-1157	10	6	that	that	SCONJ
arjefm-1157	10	7	capital	capital	NOUN
arjefm-1157	10	8	inflow	inflow	NOUN
arjefm-1157	10	9	may	may	AUX
arjefm-1157	10	10	be	be	AUX
arjefm-1157	10	11	unstable	unstable	ADJ
arjefm-1157	10	12	and	and	CCONJ
arjefm-1157	10	13	threatening	threaten	VERB
arjefm-1157	10	14	to	to	ADP
arjefm-1157	10	15	the	the	DET
arjefm-1157	10	16	nigerian	nigerian	ADJ
arjefm-1157	10	17	economy	economy	NOUN
arjefm-1157	10	18	if	if	SCONJ
arjefm-1157	10	19	an	an	DET
arjefm-1157	10	20	in	in	ADP
arjefm-1157	10	21	-	-	PUNCT
arjefm-1157	10	22	depth	depth	NOUN
arjefm-1157	10	23	study	study	NOUN
arjefm-1157	10	24	of	of	ADP
arjefm-1157	10	25	selected	select	VERB
arjefm-1157	10	26	determinants	determinant	NOUN
arjefm-1157	10	27	of	of	ADP
arjefm-1157	10	28	the	the	DET
arjefm-1157	10	29	flow	flow	NOUN
arjefm-1157	10	30	in	in	ADP
arjefm-1157	10	31	nigeria	nigeria	PROPN
arjefm-1157	10	32	is	be	AUX
arjefm-1157	10	33	not	not	PART
arjefm-1157	10	34	investigated	investigate	VERB
arjefm-1157	10	35	.	.	PUNCT
arjefm-1157	11	1	by	by	ADP
arjefm-1157	11	2	this	this	DET
arjefm-1157	11	3	observation	observation	NOUN
arjefm-1157	11	4	,	,	PUNCT
arjefm-1157	11	5	the	the	DET
arjefm-1157	11	6	study	study	NOUN
arjefm-1157	11	7	uses	use	VERB
arjefm-1157	11	8	annual	annual	ADJ
arjefm-1157	11	9	time	time	NOUN
arjefm-1157	11	10	series	series	PROPN
arjefm-1157	11	11	data	datum	NOUN
arjefm-1157	11	12	collected	collect	VERB
arjefm-1157	11	13	from	from	ADP
arjefm-1157	11	14	the	the	DET
arjefm-1157	11	15	central	central	ADJ
arjefm-1157	11	16	bank	bank	PROPN
arjefm-1157	11	17	of	of	ADP
arjefm-1157	11	18	nigeria	nigeria	PROPN
arjefm-1157	11	19	to	to	PART
arjefm-1157	11	20	cover	cover	VERB
arjefm-1157	11	21	1986	1986	NUM
arjefm-1157	11	22	to	to	ADP
arjefm-1157	11	23	2025	2025	NUM
arjefm-1157	11	24	.	.	PUNCT
arjefm-1157	12	1	this	this	DET
arjefm-1157	12	2	study	study	NOUN
arjefm-1157	12	3	uses	use	VERB
arjefm-1157	12	4	a	a	DET
arjefm-1157	12	5	multiple	multiple	ADJ
arjefm-1157	12	6	regression	regression	NOUN
arjefm-1157	12	7	to	to	ADP
arjefm-1157	12	8	analysis	analysis	NOUN
arjefm-1157	12	9	the	the	DET
arjefm-1157	12	10	variables	variable	NOUN
arjefm-1157	12	11	in	in	ADP
arjefm-1157	12	12	the	the	DET
arjefm-1157	12	13	model	model	NOUN
arjefm-1157	12	14	and	and	CCONJ
arjefm-1157	12	15	such	such	ADJ
arjefm-1157	12	16	includes	include	NOUN
arjefm-1157	12	17	cointegration	cointegration	NOUN
arjefm-1157	12	18	and	and	CCONJ
arjefm-1157	12	19	error	error	NOUN
arjefm-1157	12	20	correction	correction	NOUN
arjefm-1157	12	21	method	method	NOUN
arjefm-1157	12	22	of	of	ADP
arjefm-1157	12	23	analysis	analysis	NOUN
arjefm-1157	12	24	.	.	PUNCT
arjefm-1157	13	1	the	the	DET
arjefm-1157	13	2	study	study	NOUN
arjefm-1157	13	3	in	in	ADP
arjefm-1157	13	4	the	the	DET
arjefm-1157	13	5	cause	cause	NOUN
arjefm-1157	13	6	of	of	ADP
arjefm-1157	13	7	the	the	DET
arjefm-1157	13	8	investigation	investigation	NOUN
arjefm-1157	13	9	finds	find	VERB
arjefm-1157	13	10	out	out	ADP
arjefm-1157	13	11	that	that	SCONJ
arjefm-1157	13	12	external	external	ADJ
arjefm-1157	13	13	factors	factor	NOUN
arjefm-1157	13	14	like	like	ADP
arjefm-1157	13	15	external	external	ADJ
arjefm-1157	13	16	debt	debt	NOUN
arjefm-1157	13	17	,	,	PUNCT
arjefm-1157	13	18	foreign	foreign	ADJ
arjefm-1157	13	19	exchange	exchange	NOUN
arjefm-1157	13	20	reserve	reserve	NOUN
arjefm-1157	13	21	,	,	PUNCT
arjefm-1157	13	22	and	and	CCONJ
arjefm-1157	13	23	foreign	foreign	ADJ
arjefm-1157	13	24	interest	interest	NOUN
arjefm-1157	13	25	rate	rate	NOUN
arjefm-1157	13	26	are	be	AUX
arjefm-1157	13	27	the	the	DET
arjefm-1157	13	28	major	major	ADJ
arjefm-1157	13	29	factors	factor	NOUN
arjefm-1157	13	30	influencing	influence	VERB
arjefm-1157	13	31	capital	capital	NOUN
arjefm-1157	13	32	flows	flow	NOUN
arjefm-1157	13	33	in	in	ADP
arjefm-1157	13	34	nigeria	nigeria	PROPN
arjefm-1157	13	35	and	and	CCONJ
arjefm-1157	13	36	this	this	DET
arjefm-1157	13	37	flow	flow	NOUN
arjefm-1157	13	38	is	be	AUX
arjefm-1157	13	39	grouped	group	VERB
arjefm-1157	13	40	into	into	ADP
arjefm-1157	13	41	foreign	foreign	ADJ
arjefm-1157	13	42	direct	direct	ADJ
arjefm-1157	13	43	investments	investment	NOUN
arjefm-1157	13	44	and	and	CCONJ
arjefm-1157	13	45	foreign	foreign	ADJ
arjefm-1157	13	46	portfolio	portfolio	NOUN
arjefm-1157	13	47	investments	investment	NOUN
arjefm-1157	13	48	.	.	PUNCT
arjefm-1157	14	1	the	the	DET
arjefm-1157	14	2	results	result	NOUN
arjefm-1157	14	3	further	far	ADV
arjefm-1157	14	4	reveal	reveal	VERB
arjefm-1157	14	5	that	that	SCONJ
arjefm-1157	14	6	,	,	PUNCT
arjefm-1157	14	7	domestic	domestic	ADJ
arjefm-1157	14	8	macro	macro	ADJ
arjefm-1157	14	9	-	-	ADJ
arjefm-1157	14	10	economic	economic	ADJ
arjefm-1157	14	11	variables	variable	NOUN
arjefm-1157	14	12	such	such	ADJ
arjefm-1157	14	13	as	as	ADP
arjefm-1157	14	14	inflation	inflation	NOUN
arjefm-1157	14	15	rate	rate	NOUN
arjefm-1157	14	16	,	,	PUNCT
arjefm-1157	14	17	real	real	ADJ
arjefm-1157	14	18	gross	gross	ADJ
arjefm-1157	14	19	domestic	domestic	ADJ
arjefm-1157	14	20	products	product	NOUN
arjefm-1157	14	21	and	and	CCONJ
arjefm-1157	14	22	external	external	ADJ
arjefm-1157	14	23	debts	debt	NOUN
arjefm-1157	14	24	,	,	PUNCT
arjefm-1157	14	25	are	be	AUX
arjefm-1157	14	26	the	the	DET
arjefm-1157	14	27	major	major	ADJ
arjefm-1157	14	28	factors	factor	NOUN
arjefm-1157	14	29	influencing	influence	VERB
arjefm-1157	14	30	capital	capital	NOUN
arjefm-1157	14	31	flows	flow	NOUN
arjefm-1157	14	32	on	on	ADP
arjefm-1157	14	33	the	the	DET
arjefm-1157	14	34	long	long	ADJ
arjefm-1157	14	35	run	run	NOUN
arjefm-1157	14	36	in	in	ADP
arjefm-1157	14	37	nigeria	nigeria	PROPN
arjefm-1157	14	38	.	.	PUNCT
arjefm-1157	15	1	based	base	VERB
arjefm-1157	15	2	on	on	ADP
arjefm-1157	15	3	the	the	DET
arjefm-1157	15	4	results	result	NOUN
arjefm-1157	15	5	of	of	ADP
arjefm-1157	15	6	the	the	DET
arjefm-1157	15	7	findings	finding	NOUN
arjefm-1157	15	8	,	,	PUNCT
arjefm-1157	15	9	the	the	DET
arjefm-1157	15	10	study	study	NOUN
arjefm-1157	15	11	makes	make	VERB
arjefm-1157	15	12	the	the	DET
arjefm-1157	15	13	following	follow	VERB
arjefm-1157	15	14	recommendations	recommendation	NOUN
arjefm-1157	15	15	and	and	CCONJ
arjefm-1157	15	16	these	these	PRON
arjefm-1157	15	17	include	include	VERB
arjefm-1157	15	18	:	:	PUNCT
arjefm-1157	15	19	policy	policy	NOUN
arjefm-1157	15	20	measures	measure	NOUN
arjefm-1157	15	21	designed	design	VERB
arjefm-1157	15	22	to	to	PART
arjefm-1157	15	23	direct	direct	VERB
arjefm-1157	15	24	long	long	ADJ
arjefm-1157	15	25	run	run	NOUN
arjefm-1157	15	26	capital	capital	NOUN
arjefm-1157	15	27	inflows	inflow	NOUN
arjefm-1157	15	28	and	and	CCONJ
arjefm-1157	15	29	changing	change	VERB
arjefm-1157	15	30	the	the	DET
arjefm-1157	15	31	short	short	ADJ
arjefm-1157	15	32	run	run	NOUN
arjefm-1157	15	33	patterns	pattern	NOUN
arjefm-1157	15	34	of	of	ADP
arjefm-1157	15	35	the	the	DET
arjefm-1157	15	36	capital	capital	NOUN
arjefm-1157	15	37	flow	flow	NOUN
arjefm-1157	15	38	into	into	ADP
arjefm-1157	15	39	the	the	DET
arjefm-1157	15	40	nigerian	nigerian	ADJ
arjefm-1157	15	41	economy	economy	NOUN
arjefm-1157	15	42	.	.	PUNCT
arjefm-1157	16	1	the	the	DET
arjefm-1157	16	2	study	study	NOUN
arjefm-1157	16	3	also	also	ADV
arjefm-1157	16	4	recommends	recommend	VERB
arjefm-1157	16	5	that	that	SCONJ
arjefm-1157	16	6	clumsy	clumsy	ADJ
arjefm-1157	16	7	inflow	inflow	NOUN
arjefm-1157	16	8	of	of	ADP
arjefm-1157	16	9	portfolio	portfolio	NOUN
arjefm-1157	16	10	investment	investment	NOUN
arjefm-1157	16	11	should	should	AUX
arjefm-1157	16	12	be	be	AUX
arjefm-1157	16	13	lessened	lessen	VERB
arjefm-1157	16	14	by	by	ADP
arjefm-1157	16	15	using	use	VERB
arjefm-1157	16	16	appropriate	appropriate	ADJ
arjefm-1157	16	17	policies	policy	NOUN
arjefm-1157	16	18	.	.	PUNCT
arjefm-1157	17	1	it	it	PRON
arjefm-1157	17	2	further	far	ADV
arjefm-1157	17	3	recommends	recommend	VERB
arjefm-1157	17	4	that	that	SCONJ
arjefm-1157	17	5	agents	agent	NOUN
arjefm-1157	17	6	of	of	ADP
arjefm-1157	17	7	government	government	NOUN
arjefm-1157	17	8	and	and	CCONJ
arjefm-1157	17	9	its	its	PRON
arjefm-1157	17	10	authorities	authority	NOUN
arjefm-1157	17	11	should	should	AUX
arjefm-1157	17	12	put	put	VERB
arjefm-1157	17	13	in	in	ADP
arjefm-1157	17	14	place	place	NOUN
arjefm-1157	17	15	machineries	machinery	NOUN
arjefm-1157	17	16	that	that	PRON
arjefm-1157	17	17	will	will	AUX
arjefm-1157	17	18	make	make	VERB
arjefm-1157	17	19	the	the	DET
arjefm-1157	17	20	domestic	domestic	ADJ
arjefm-1157	17	21	mailto:sasedo2016@gmail.com	mailto:sasedo2016@gmail.com	PROPN
arjefm-1157	17	22	https://doi.org/10.5281/zenodo.14870639	https://doi.org/10.5281/zenodo.14870639	PROPN
arjefm-1157	17	23	american	american	PROPN
arjefm-1157	17	24	research	research	PROPN
arjefm-1157	17	25	journal	journal	PROPN
arjefm-1157	17	26	of	of	ADP
arjefm-1157	17	27	economics	economic	NOUN
arjefm-1157	17	28	,	,	PUNCT
arjefm-1157	17	29	finance	finance	NOUN
arjefm-1157	17	30	and	and	CCONJ
arjefm-1157	17	31	management	management	NOUN
arjefm-1157	17	32	volume	volume	NOUN
arjefm-1157	17	33	13	13	NUM
arjefm-1157	17	34	issue	issue	NOUN
arjefm-1157	17	35	1	1	NUM
arjefm-1157	17	36	,	,	PUNCT
arjefm-1157	17	37	january	january	PROPN
arjefm-1157	17	38	-	-	PUNCT
arjefm-1157	17	39	march	march	PROPN
arjefm-1157	17	40	2025	2025	NUM
arjefm-1157	17	41	issn	issn	NOUN
arjefm-1157	17	42	:	:	PUNCT
arjefm-1157	17	43	2836	2836	NUM
arjefm-1157	17	44	-	-	SYM
arjefm-1157	17	45	9416	9416	NUM
arjefm-1157	17	46	impact	impact	NOUN
arjefm-1157	17	47	factor	factor	NOUN
arjefm-1157	17	48	:	:	PUNCT
arjefm-1157	17	49	6.41	6.41	NUM
arjefm-1157	17	50	journal	journal	NOUN
arjefm-1157	17	51	homepage	homepage	NOUN
arjefm-1157	17	52	:	:	PUNCT
arjefm-1157	17	53	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	17	54	,	,	PUNCT
arjefm-1157	17	55	email	email	NOUN
arjefm-1157	17	56	:	:	PUNCT
arjefm-1157	17	57	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	17	58	official	official	ADJ
arjefm-1157	17	59	journal	journal	PROPN
arjefm-1157	17	60	of	of	ADP
arjefm-1157	17	61	america	america	PROPN
arjefm-1157	17	62	serial	serial	PROPN
arjefm-1157	17	63	publication	publication	NOUN
arjefm-1157	17	64	american	american	PROPN
arjefm-1157	17	65	research	research	PROPN
arjefm-1157	17	66	journal	journal	PROPN
arjefm-1157	17	67	of	of	ADP
arjefm-1157	17	68	economics	economic	NOUN
arjefm-1157	17	69	,	,	PUNCT
arjefm-1157	17	70	finance	finance	NOUN
arjefm-1157	17	71	and	and	CCONJ
arjefm-1157	17	72	management	management	NOUN
arjefm-1157	17	73	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	17	74	,	,	PUNCT
arjefm-1157	17	75	email	email	NOUN
arjefm-1157	17	76	:	:	PUNCT
arjefm-1157	17	77	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	17	78	61	61	NUM
arjefm-1157	18	1	|	|	ADV
arjefm-1157	18	2	p	p	NOUN
arjefm-1157	18	3	a	a	DET
arjefm-1157	18	4	g	g	NOUN
arjefm-1157	18	5	e	e	NOUN
arjefm-1157	18	6	capital	capital	NOUN
arjefm-1157	18	7	market	market	NOUN
arjefm-1157	18	8	more	more	ADV
arjefm-1157	18	9	attractive	attractive	ADJ
arjefm-1157	18	10	to	to	ADP
arjefm-1157	18	11	foreign	foreign	ADJ
arjefm-1157	18	12	investors	investor	NOUN
arjefm-1157	18	13	to	to	PART
arjefm-1157	18	14	invest	invest	VERB
arjefm-1157	18	15	in	in	ADP
arjefm-1157	18	16	nigeria	nigeria	PROPN
arjefm-1157	18	17	.	.	PUNCT
arjefm-1157	19	1	the	the	DET
arjefm-1157	19	2	study	study	NOUN
arjefm-1157	19	3	also	also	ADV
arjefm-1157	19	4	recommends	recommend	VERB
arjefm-1157	19	5	that	that	SCONJ
arjefm-1157	19	6	appropriate	appropriate	ADJ
arjefm-1157	19	7	portfolio	portfolio	NOUN
arjefm-1157	19	8	management	management	NOUN
arjefm-1157	19	9	policies	policy	NOUN
arjefm-1157	19	10	which	which	PRON
arjefm-1157	19	11	will	will	AUX
arjefm-1157	19	12	influence	influence	VERB
arjefm-1157	19	13	currency	currency	NOUN
arjefm-1157	19	14	composition	composition	NOUN
arjefm-1157	19	15	and	and	CCONJ
arjefm-1157	19	16	choice	choice	NOUN
arjefm-1157	19	17	of	of	ADP
arjefm-1157	19	18	investment	investment	NOUN
arjefm-1157	19	19	instruments	instrument	NOUN
arjefm-1157	19	20	that	that	PRON
arjefm-1157	19	21	will	will	AUX
arjefm-1157	19	22	reflect	reflect	VERB
arjefm-1157	19	23	a	a	DET
arjefm-1157	19	24	country	country	NOUN
arjefm-1157	19	25	's	's	PART
arjefm-1157	19	26	precise	precise	ADJ
arjefm-1157	19	27	policy	policy	NOUN
arjefm-1157	19	28	settings	setting	NOUN
arjefm-1157	19	29	and	and	CCONJ
arjefm-1157	19	30	conditions	condition	NOUN
arjefm-1157	19	31	should	should	AUX
arjefm-1157	19	32	be	be	AUX
arjefm-1157	19	33	put	put	VERB
arjefm-1157	19	34	in	in	ADP
arjefm-1157	19	35	place	place	NOUN
arjefm-1157	19	36	by	by	ADP
arjefm-1157	19	37	the	the	DET
arjefm-1157	19	38	government	government	NOUN
arjefm-1157	19	39	.	.	PUNCT
arjefm-1157	20	1	further	far	ADV
arjefm-1157	20	2	,	,	PUNCT
arjefm-1157	20	3	it	it	PRON
arjefm-1157	20	4	is	be	AUX
arjefm-1157	20	5	equally	equally	ADV
arjefm-1157	20	6	recommended	recommend	VERB
arjefm-1157	20	7	that	that	SCONJ
arjefm-1157	20	8	sound	sound	NOUN
arjefm-1157	20	9	reserve	reserve	NOUN
arjefm-1157	20	10	management	management	NOUN
arjefm-1157	20	11	policies	policy	NOUN
arjefm-1157	20	12	and	and	CCONJ
arjefm-1157	20	13	practices	practice	NOUN
arjefm-1157	20	14	to	to	PART
arjefm-1157	20	15	improve	improve	VERB
arjefm-1157	20	16	the	the	DET
arjefm-1157	20	17	flow	flow	NOUN
arjefm-1157	20	18	should	should	AUX
arjefm-1157	20	19	be	be	AUX
arjefm-1157	20	20	used	use	VERB
arjefm-1157	20	21	by	by	ADP
arjefm-1157	20	22	the	the	DET
arjefm-1157	20	23	government	government	NOUN
arjefm-1157	20	24	.	.	PUNCT
arjefm-1157	21	1	above	above	ADP
arjefm-1157	21	2	all	all	PRON
arjefm-1157	21	3	,	,	PUNCT
arjefm-1157	21	4	the	the	DET
arjefm-1157	21	5	study	study	NOUN
arjefm-1157	21	6	recommends	recommend	VERB
arjefm-1157	21	7	a	a	DET
arjefm-1157	21	8	healthy	healthy	ADJ
arjefm-1157	21	9	macroeconomic	macroeconomic	ADJ
arjefm-1157	21	10	and	and	CCONJ
arjefm-1157	21	11	financial	financial	ADJ
arjefm-1157	21	12	system	system	NOUN
arjefm-1157	21	13	that	that	PRON
arjefm-1157	21	14	will	will	AUX
arjefm-1157	21	15	attract	attract	VERB
arjefm-1157	21	16	quality	quality	NOUN
arjefm-1157	21	17	foreign	foreign	ADJ
arjefm-1157	21	18	investors	investor	NOUN
arjefm-1157	21	19	into	into	ADP
arjefm-1157	21	20	nigeria	nigeria	PRON
arjefm-1157	21	21	for	for	ADP
arjefm-1157	21	22	profitable	profitable	ADJ
arjefm-1157	21	23	investment	investment	NOUN
arjefm-1157	21	24	.	.	PUNCT
arjefm-1157	22	1	keywords	keyword	NOUN
arjefm-1157	22	2	:	:	PUNCT
arjefm-1157	22	3	exchange	exchange	NOUN
arjefm-1157	22	4	rate	rate	NOUN
arjefm-1157	22	5	,	,	PUNCT
arjefm-1157	22	6	foreign	foreign	ADJ
arjefm-1157	22	7	direct	direct	ADJ
arjefm-1157	22	8	investment	investment	NOUN
arjefm-1157	22	9	,	,	PUNCT
arjefm-1157	22	10	inflation	inflation	NOUN
arjefm-1157	22	11	,	,	PUNCT
arjefm-1157	22	12	foreign	foreign	ADJ
arjefm-1157	22	13	portfolio	portfolio	NOUN
arjefm-1157	22	14	investment	investment	NOUN
arjefm-1157	22	15	,	,	PUNCT
arjefm-1157	22	16	and	and	CCONJ
arjefm-1157	22	17	capital	capital	NOUN
arjefm-1157	22	18	flow	flow	NOUN
arjefm-1157	22	19	.	.	PUNCT
arjefm-1157	23	1	introduction	introduction	NOUN
arjefm-1157	23	2	1.0	1.0	NUM
arjefm-1157	23	3	background	background	NOUN
arjefm-1157	23	4	to	to	ADP
arjefm-1157	23	5	the	the	DET
arjefm-1157	23	6	study	study	NOUN
arjefm-1157	23	7	capital	capital	NOUN
arjefm-1157	23	8	flow	flow	NOUN
arjefm-1157	23	9	refers	refer	VERB
arjefm-1157	23	10	to	to	ADP
arjefm-1157	23	11	the	the	DET
arjefm-1157	23	12	movement	movement	NOUN
arjefm-1157	23	13	of	of	ADP
arjefm-1157	23	14	capital	capital	NOUN
arjefm-1157	23	15	,	,	PUNCT
arjefm-1157	23	16	such	such	ADJ
arjefm-1157	23	17	as	as	ADP
arjefm-1157	23	18	money	money	NOUN
arjefm-1157	23	19	,	,	PUNCT
arjefm-1157	23	20	investments	investment	NOUN
arjefm-1157	23	21	,	,	PUNCT
arjefm-1157	23	22	or	or	CCONJ
arjefm-1157	23	23	assets	asset	NOUN
arjefm-1157	23	24	,	,	PUNCT
arjefm-1157	23	25	from	from	ADP
arjefm-1157	23	26	one	one	NUM
arjefm-1157	23	27	country	country	NOUN
arjefm-1157	23	28	,	,	PUNCT
arjefm-1157	23	29	region	region	NOUN
arjefm-1157	23	30	,	,	PUNCT
arjefm-1157	23	31	or	or	CCONJ
arjefm-1157	23	32	economic	economic	ADJ
arjefm-1157	23	33	entity	entity	NOUN
arjefm-1157	23	34	to	to	ADP
arjefm-1157	23	35	another	another	PRON
arjefm-1157	23	36	.	.	PUNCT
arjefm-1157	24	1	this	this	DET
arjefm-1157	24	2	movement	movement	NOUN
arjefm-1157	24	3	can	can	AUX
arjefm-1157	24	4	occur	occur	VERB
arjefm-1157	24	5	through	through	ADP
arjefm-1157	24	6	various	various	ADJ
arjefm-1157	24	7	channels	channel	NOUN
arjefm-1157	24	8	,	,	PUNCT
arjefm-1157	24	9	including	include	VERB
arjefm-1157	24	10	,	,	PUNCT
arjefm-1157	24	11	foreign	foreign	ADJ
arjefm-1157	24	12	direct	direct	ADJ
arjefm-1157	24	13	investment	investment	NOUN
arjefm-1157	24	14	(	(	PUNCT
arjefm-1157	24	15	fdi	fdi	NOUN
arjefm-1157	24	16	):	):	PUNCT
arjefm-1157	24	17	direct	direct	ADJ
arjefm-1157	24	18	investment	investment	NOUN
arjefm-1157	24	19	in	in	ADP
arjefm-1157	24	20	a	a	DET
arjefm-1157	24	21	foreign	foreign	ADJ
arjefm-1157	24	22	country	country	NOUN
arjefm-1157	24	23	,	,	PUNCT
arjefm-1157	24	24	such	such	ADJ
arjefm-1157	24	25	as	as	ADP
arjefm-1157	24	26	building	build	VERB
arjefm-1157	24	27	a	a	DET
arjefm-1157	24	28	factory	factory	NOUN
arjefm-1157	24	29	or	or	CCONJ
arjefm-1157	24	30	acquiring	acquire	VERB
arjefm-1157	24	31	a	a	DET
arjefm-1157	24	32	company	company	NOUN
arjefm-1157	24	33	,	,	PUNCT
arjefm-1157	24	34	portfolio	portfolio	NOUN
arjefm-1157	24	35	investment	investment	NOUN
arjefm-1157	24	36	etc	etc	X
arjefm-1157	24	37	.	.	X
arjefm-1157	25	1	this	this	DET
arjefm-1157	25	2	investment	investment	NOUN
arjefm-1157	25	3	can	can	AUX
arjefm-1157	25	4	be	be	AUX
arjefm-1157	25	5	in	in	ADP
arjefm-1157	25	6	foreign	foreign	ADJ
arjefm-1157	25	7	financial	financial	ADJ
arjefm-1157	25	8	assets	asset	NOUN
arjefm-1157	25	9	,	,	PUNCT
arjefm-1157	25	10	such	such	ADJ
arjefm-1157	25	11	as	as	ADP
arjefm-1157	25	12	stocks	stock	NOUN
arjefm-1157	25	13	,	,	PUNCT
arjefm-1157	25	14	bonds	bond	NOUN
arjefm-1157	25	15	,	,	PUNCT
arjefm-1157	25	16	or	or	CCONJ
arjefm-1157	25	17	mutual	mutual	ADJ
arjefm-1157	25	18	funds	fund	NOUN
arjefm-1157	25	19	.	.	PUNCT
arjefm-1157	26	1	the	the	DET
arjefm-1157	26	2	fdi	fdi	NOUN
arjefm-1157	26	3	can	can	AUX
arjefm-1157	26	4	be	be	AUX
arjefm-1157	26	5	in	in	ADP
arjefm-1157	26	6	form	form	NOUN
arjefm-1157	26	7	of	of	ADP
arjefm-1157	26	8	bank	bank	NOUN
arjefm-1157	26	9	loans	loan	NOUN
arjefm-1157	26	10	which	which	PRON
arjefm-1157	26	11	include	include	VERB
arjefm-1157	26	12	:	:	PUNCT
arjefm-1157	26	13	cross	cross	ADJ
arjefm-1157	26	14	-	-	ADJ
arjefm-1157	26	15	border	border	ADJ
arjefm-1157	26	16	lending	lending	NOUN
arjefm-1157	26	17	between	between	ADP
arjefm-1157	26	18	banks	bank	NOUN
arjefm-1157	26	19	or	or	CCONJ
arjefm-1157	26	20	financial	financial	ADJ
arjefm-1157	26	21	institutions	institution	NOUN
arjefm-1157	26	22	.	.	PUNCT
arjefm-1157	27	1	the	the	DET
arjefm-1157	27	2	movement	movement	NOUN
arjefm-1157	27	3	can	can	AUX
arjefm-1157	27	4	also	also	ADV
arjefm-1157	27	5	be	be	AUX
arjefm-1157	27	6	in	in	ADP
arjefm-1157	27	7	form	form	NOUN
arjefm-1157	27	8	of	of	ADP
arjefm-1157	27	9	remittances	remittance	NOUN
arjefm-1157	27	10	:	:	PUNCT
arjefm-1157	27	11	transfers	transfer	NOUN
arjefm-1157	27	12	of	of	ADP
arjefm-1157	27	13	money	money	NOUN
arjefm-1157	27	14	by	by	ADP
arjefm-1157	27	15	individuals	individual	NOUN
arjefm-1157	27	16	working	work	VERB
arjefm-1157	27	17	abroad	abroad	ADV
arjefm-1157	27	18	to	to	ADP
arjefm-1157	27	19	their	their	PRON
arjefm-1157	27	20	home	home	NOUN
arjefm-1157	27	21	countries	country	NOUN
arjefm-1157	27	22	.	.	PUNCT
arjefm-1157	28	1	capital	capital	NOUN
arjefm-1157	28	2	flows	flow	NOUN
arjefm-1157	28	3	can	can	AUX
arjefm-1157	28	4	be	be	AUX
arjefm-1157	28	5	classified	classify	VERB
arjefm-1157	28	6	into	into	ADP
arjefm-1157	28	7	several	several	ADJ
arjefm-1157	28	8	types	type	NOUN
arjefm-1157	28	9	,	,	PUNCT
arjefm-1157	28	10	including	include	VERB
arjefm-1157	28	11	:	:	PUNCT
arjefm-1157	28	12	inward	inward	ADP
arjefm-1157	28	13	capital	capital	NOUN
arjefm-1157	28	14	flow	flow	NOUN
arjefm-1157	28	15	:	:	PUNCT
arjefm-1157	28	16	capital	capital	NOUN
arjefm-1157	28	17	entering	enter	VERB
arjefm-1157	28	18	a	a	DET
arjefm-1157	28	19	country	country	NOUN
arjefm-1157	28	20	,	,	PUNCT
arjefm-1157	28	21	such	such	ADJ
arjefm-1157	28	22	as	as	ADP
arjefm-1157	28	23	foreign	foreign	ADJ
arjefm-1157	28	24	investment	investment	NOUN
arjefm-1157	28	25	or	or	CCONJ
arjefm-1157	28	26	loans	loan	NOUN
arjefm-1157	28	27	and	and	CCONJ
arjefm-1157	28	28	outward	outward	VERB
arjefm-1157	28	29	capital	capital	NOUN
arjefm-1157	28	30	flow	flow	NOUN
arjefm-1157	28	31	:	:	PUNCT
arjefm-1157	28	32	capital	capital	NOUN
arjefm-1157	28	33	leaving	leave	VERB
arjefm-1157	28	34	a	a	DET
arjefm-1157	28	35	country	country	NOUN
arjefm-1157	28	36	,	,	PUNCT
arjefm-1157	28	37	such	such	ADJ
arjefm-1157	28	38	as	as	ADP
arjefm-1157	28	39	domestic	domestic	ADJ
arjefm-1157	28	40	investment	investment	NOUN
arjefm-1157	28	41	abroad	abroad	ADV
arjefm-1157	28	42	or	or	CCONJ
arjefm-1157	28	43	repayment	repayment	NOUN
arjefm-1157	28	44	of	of	ADP
arjefm-1157	28	45	foreign	foreign	ADJ
arjefm-1157	28	46	loan	loan	NOUN
arjefm-1157	28	47	(	(	PUNCT
arjefm-1157	28	48	net	net	ADJ
arjefm-1157	28	49	capital	capital	NOUN
arjefm-1157	28	50	flow	flow	NOUN
arjefm-1157	28	51	which	which	PRON
arjefm-1157	28	52	means	mean	VERB
arjefm-1157	28	53	the	the	DET
arjefm-1157	28	54	difference	difference	NOUN
arjefm-1157	28	55	between	between	ADP
arjefm-1157	28	56	inward	inward	ADV
arjefm-1157	28	57	and	and	CCONJ
arjefm-1157	28	58	outward	outward	VERB
arjefm-1157	28	59	capital	capital	NOUN
arjefm-1157	28	60	flows	flow	NOUN
arjefm-1157	28	61	)	)	PUNCT
arjefm-1157	28	62	.	.	PUNCT
arjefm-1157	29	1	capital	capital	NOUN
arjefm-1157	29	2	flows	flow	NOUN
arjefm-1157	29	3	play	play	VERB
arjefm-1157	29	4	a	a	DET
arjefm-1157	29	5	crucial	crucial	ADJ
arjefm-1157	29	6	role	role	NOUN
arjefm-1157	29	7	in	in	ADP
arjefm-1157	29	8	the	the	DET
arjefm-1157	29	9	global	global	ADJ
arjefm-1157	29	10	economy	economy	NOUN
arjefm-1157	29	11	such	such	ADJ
arjefm-1157	29	12	as	as	ADP
arjefm-1157	29	13	:	:	PUNCT
arjefm-1157	29	14	facilitating	facilitate	VERB
arjefm-1157	29	15	economic	economic	ADJ
arjefm-1157	29	16	growth	growth	NOUN
arjefm-1157	29	17	and	and	CCONJ
arjefm-1157	29	18	providing	provide	VERB
arjefm-1157	29	19	access	access	NOUN
arjefm-1157	29	20	to	to	ADP
arjefm-1157	29	21	foreign	foreign	ADJ
arjefm-1157	29	22	capital	capital	NOUN
arjefm-1157	29	23	.	.	PUNCT
arjefm-1157	30	1	countries	country	NOUN
arjefm-1157	30	2	can	can	AUX
arjefm-1157	30	3	finance	finance	VERB
arjefm-1157	30	4	development	development	NOUN
arjefm-1157	30	5	projects	project	NOUN
arjefm-1157	30	6	,	,	PUNCT
arjefm-1157	30	7	american	american	ADJ
arjefm-1157	30	8	research	research	PROPN
arjefm-1157	30	9	journal	journal	PROPN
arjefm-1157	30	10	of	of	ADP
arjefm-1157	30	11	economics	economic	NOUN
arjefm-1157	30	12	,	,	PUNCT
arjefm-1157	30	13	finance	finance	NOUN
arjefm-1157	30	14	and	and	CCONJ
arjefm-1157	30	15	management	management	NOUN
arjefm-1157	30	16	volume	volume	NOUN
arjefm-1157	30	17	13	13	NUM
arjefm-1157	30	18	issue	issue	NOUN
arjefm-1157	30	19	1	1	NUM
arjefm-1157	30	20	,	,	PUNCT
arjefm-1157	30	21	january	january	PROPN
arjefm-1157	30	22	-	-	PUNCT
arjefm-1157	30	23	march	march	PROPN
arjefm-1157	30	24	2025	2025	NUM
arjefm-1157	30	25	issn	issn	NOUN
arjefm-1157	30	26	:	:	PUNCT
arjefm-1157	30	27	2836	2836	NUM
arjefm-1157	30	28	-	-	SYM
arjefm-1157	30	29	9416	9416	NUM
arjefm-1157	30	30	impact	impact	NOUN
arjefm-1157	30	31	factor	factor	NOUN
arjefm-1157	30	32	:	:	PUNCT
arjefm-1157	30	33	6.41	6.41	NUM
arjefm-1157	30	34	journal	journal	NOUN
arjefm-1157	30	35	homepage	homepage	NOUN
arjefm-1157	30	36	:	:	PUNCT
arjefm-1157	30	37	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	30	38	,	,	PUNCT
arjefm-1157	30	39	email	email	NOUN
arjefm-1157	30	40	:	:	PUNCT
arjefm-1157	30	41	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	30	42	official	official	ADJ
arjefm-1157	30	43	journal	journal	PROPN
arjefm-1157	30	44	of	of	ADP
arjefm-1157	30	45	america	america	PROPN
arjefm-1157	30	46	serial	serial	PROPN
arjefm-1157	30	47	publication	publication	NOUN
arjefm-1157	30	48	american	american	PROPN
arjefm-1157	30	49	research	research	PROPN
arjefm-1157	30	50	journal	journal	PROPN
arjefm-1157	30	51	of	of	ADP
arjefm-1157	30	52	economics	economic	NOUN
arjefm-1157	30	53	,	,	PUNCT
arjefm-1157	30	54	finance	finance	NOUN
arjefm-1157	30	55	and	and	CCONJ
arjefm-1157	30	56	management	management	NOUN
arjefm-1157	30	57	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	30	58	,	,	PUNCT
arjefm-1157	30	59	email	email	NOUN
arjefm-1157	30	60	:	:	PUNCT
arjefm-1157	31	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	31	2	62	62	NUM
arjefm-1157	32	1	|	|	ADV
arjefm-1157	32	2	p	p	NOUN
arjefm-1157	32	3	a	a	DET
arjefm-1157	32	4	g	g	NOUN
arjefm-1157	32	5	e	e	NOUN
arjefm-1157	32	6	improve	improve	VERB
arjefm-1157	32	7	infrastructure	infrastructure	NOUN
arjefm-1157	32	8	,	,	PUNCT
arjefm-1157	32	9	and	and	CCONJ
arjefm-1157	32	10	increase	increase	VERB
arjefm-1157	32	11	economic	economic	ADJ
arjefm-1157	32	12	growth	growth	NOUN
arjefm-1157	32	13	with	with	ADP
arjefm-1157	32	14	the	the	DET
arjefm-1157	32	15	help	help	NOUN
arjefm-1157	32	16	of	of	ADP
arjefm-1157	32	17	foreign	foreign	ADJ
arjefm-1157	32	18	aid	aid	NOUN
arjefm-1157	32	19	.	.	PUNCT
arjefm-1157	33	1	nations	nation	NOUN
arjefm-1157	33	2	can	can	AUX
arjefm-1157	33	3	also	also	ADV
arjefm-1157	33	4	promote	promote	VERB
arjefm-1157	33	5	economic	economic	ADJ
arjefm-1157	33	6	integration	integration	NOUN
arjefm-1157	33	7	which	which	PRON
arjefm-1157	33	8	include	include	VERB
arjefm-1157	33	9	capital	capital	NOUN
arjefm-1157	33	10	flows	flow	NOUN
arjefm-1157	33	11	that	that	PRON
arjefm-1157	33	12	help	help	AUX
arjefm-1157	33	13	integrate	integrate	VERB
arjefm-1157	33	14	economies	economy	NOUN
arjefm-1157	33	15	globally	globally	ADV
arjefm-1157	33	16	,	,	PUNCT
arjefm-1157	33	17	fostering	foster	VERB
arjefm-1157	33	18	trade	trade	NOUN
arjefm-1157	33	19	,	,	PUNCT
arjefm-1157	33	20	helping	help	VERB
arjefm-1157	33	21	in	in	ADP
arjefm-1157	33	22	investment	investment	NOUN
arjefm-1157	33	23	,	,	PUNCT
arjefm-1157	33	24	and	and	CCONJ
arjefm-1157	33	25	economic	economic	ADJ
arjefm-1157	33	26	cooperation	cooperation	NOUN
arjefm-1157	33	27	.	.	PUNCT
arjefm-1157	34	1	overall	overall	ADV
arjefm-1157	34	2	,	,	PUNCT
arjefm-1157	34	3	capital	capital	NOUN
arjefm-1157	34	4	flows	flow	NOUN
arjefm-1157	34	5	are	be	AUX
arjefm-1157	34	6	essential	essential	ADJ
arjefm-1157	34	7	aspect	aspect	NOUN
arjefm-1157	34	8	of	of	ADP
arjefm-1157	34	9	the	the	DET
arjefm-1157	34	10	global	global	ADJ
arjefm-1157	34	11	economy	economy	NOUN
arjefm-1157	34	12	,	,	PUNCT
arjefm-1157	34	13	and	and	CCONJ
arjefm-1157	34	14	understanding	understand	VERB
arjefm-1157	34	15	their	their	PRON
arjefm-1157	34	16	dynamics	dynamic	NOUN
arjefm-1157	34	17	is	be	AUX
arjefm-1157	34	18	crucial	crucial	ADJ
arjefm-1157	34	19	for	for	ADP
arjefm-1157	34	20	policy	policy	NOUN
arjefm-1157	34	21	makers	maker	NOUN
arjefm-1157	34	22	,	,	PUNCT
arjefm-1157	34	23	investors	investor	NOUN
arjefm-1157	34	24	,	,	PUNCT
arjefm-1157	34	25	and	and	CCONJ
arjefm-1157	34	26	businesses	business	NOUN
arjefm-1157	34	27	.	.	PUNCT
arjefm-1157	35	1	we	we	PRON
arjefm-1157	35	2	can	can	AUX
arjefm-1157	35	3	see	see	VERB
arjefm-1157	35	4	foreign	foreign	ADJ
arjefm-1157	35	5	direct	direct	ADJ
arjefm-1157	35	6	investment	investment	NOUN
arjefm-1157	35	7	(	(	PUNCT
arjefm-1157	35	8	fdi	fdi	NOUN
arjefm-1157	35	9	)	)	PUNCT
arjefm-1157	35	10	as	as	ADP
arjefm-1157	35	11	an	an	DET
arjefm-1157	35	12	investment	investment	NOUN
arjefm-1157	35	13	which	which	PRON
arjefm-1157	35	14	is	be	AUX
arjefm-1157	35	15	fix	fix	NOUN
arjefm-1157	35	16	near	near	ADP
arjefm-1157	35	17	directing	direct	VERB
arjefm-1157	35	18	possession	possession	NOUN
arjefm-1157	35	19	in	in	ADP
arjefm-1157	35	20	a	a	DET
arjefm-1157	35	21	business	business	NOUN
arjefm-1157	35	22	enterprise	enterprise	NOUN
arjefm-1157	35	23	in	in	ADP
arjefm-1157	35	24	local	local	ADJ
arjefm-1157	35	25	country	country	NOUN
arjefm-1157	35	26	by	by	ADP
arjefm-1157	35	27	an	an	DET
arjefm-1157	35	28	entity	entity	NOUN
arjefm-1157	35	29	based	base	VERB
arjefm-1157	35	30	in	in	ADP
arjefm-1157	35	31	external	external	ADJ
arjefm-1157	35	32	country	country	NOUN
arjefm-1157	35	33	.	.	PUNCT
arjefm-1157	36	1	it	it	PRON
arjefm-1157	36	2	is	be	AUX
arjefm-1157	36	3	one	one	NUM
arjefm-1157	36	4	of	of	ADP
arjefm-1157	36	5	the	the	DET
arjefm-1157	36	6	key	key	ADJ
arjefm-1157	36	7	sources	source	NOUN
arjefm-1157	36	8	of	of	ADP
arjefm-1157	36	9	capital	capital	NOUN
arjefm-1157	36	10	inflows	inflow	NOUN
arjefm-1157	36	11	to	to	ADP
arjefm-1157	36	12	less	less	ADV
arjefm-1157	36	13	developed	develop	VERB
arjefm-1157	36	14	economies	economy	NOUN
arjefm-1157	36	15	.	.	PUNCT
arjefm-1157	37	1	this	this	PRON
arjefm-1157	37	2	is	be	AUX
arjefm-1157	37	3	from	from	ADP
arjefm-1157	37	4	the	the	DET
arjefm-1157	37	5	technological	technological	ADJ
arjefm-1157	37	6	advanced	advanced	ADJ
arjefm-1157	37	7	economies	economy	NOUN
arjefm-1157	37	8	to	to	ADP
arjefm-1157	37	9	developing	develop	VERB
arjefm-1157	37	10	countries	country	NOUN
arjefm-1157	37	11	themselves	themselves	PRON
arjefm-1157	37	12	.	.	PUNCT
arjefm-1157	38	1	this	this	PRON
arjefm-1157	38	2	has	have	AUX
arjefm-1157	38	3	been	be	AUX
arjefm-1157	38	4	broadly	broadly	ADV
arjefm-1157	38	5	taken	take	VERB
arjefm-1157	38	6	to	to	PART
arjefm-1157	38	7	be	be	AUX
arjefm-1157	38	8	significant	significant	ADJ
arjefm-1157	38	9	in	in	ADP
arjefm-1157	38	10	leading	lead	VERB
arjefm-1157	38	11	to	to	ADP
arjefm-1157	38	12	growth	growth	NOUN
arjefm-1157	38	13	in	in	ADP
arjefm-1157	38	14	productivity	productivity	NOUN
arjefm-1157	38	15	from	from	ADP
arjefm-1157	38	16	advanced	advanced	ADJ
arjefm-1157	38	17	nations	nation	NOUN
arjefm-1157	38	18	of	of	ADP
arjefm-1157	38	19	the	the	DET
arjefm-1157	38	20	world	world	NOUN
arjefm-1157	38	21	.	.	PUNCT
arjefm-1157	39	1	foreign	foreign	ADJ
arjefm-1157	39	2	direct	direct	ADJ
arjefm-1157	39	3	investment	investment	NOUN
arjefm-1157	39	4	is	be	AUX
arjefm-1157	39	5	important	important	ADJ
arjefm-1157	39	6	to	to	ADP
arjefm-1157	39	7	any	any	DET
arjefm-1157	39	8	nation	nation	NOUN
arjefm-1157	39	9	.	.	PUNCT
arjefm-1157	40	1	sub	sub	ADJ
arjefm-1157	40	2	-	-	ADJ
arjefm-1157	40	3	saharan	saharan	ADJ
arjefm-1157	40	4	african	african	ADJ
arjefm-1157	40	5	(	(	PUNCT
arjefm-1157	40	6	ssa	ssa	NOUN
arjefm-1157	40	7	)	)	PUNCT
arjefm-1157	40	8	nations	nation	NOUN
arjefm-1157	40	9	in	in	ADP
arjefm-1157	40	10	general	general	ADJ
arjefm-1157	40	11	,	,	PUNCT
arjefm-1157	40	12	and	and	CCONJ
arjefm-1157	40	13	particularly	particularly	ADV
arjefm-1157	40	14	nigeria	nigeria	PROPN
arjefm-1157	40	15	has	have	AUX
arjefm-1157	40	16	been	be	AUX
arjefm-1157	40	17	the	the	DET
arjefm-1157	40	18	main	main	ADJ
arjefm-1157	40	19	beneficiary	beneficiary	NOUN
arjefm-1157	40	20	of	of	ADP
arjefm-1157	40	21	high	high	ADJ
arjefm-1157	40	22	-	-	PUNCT
arjefm-1157	40	23	tech	tech	NOUN
arjefm-1157	40	24	spill	spill	NOUN
arjefm-1157	40	25	overs	over	NOUN
arjefm-1157	40	26	,	,	PUNCT
arjefm-1157	40	27	job	job	NOUN
arjefm-1157	40	28	creation	creation	NOUN
arjefm-1157	40	29	,	,	PUNCT
arjefm-1157	40	30	improved	improve	VERB
arjefm-1157	40	31	managerial	managerial	ADJ
arjefm-1157	40	32	skills	skill	NOUN
arjefm-1157	40	33	,	,	PUNCT
arjefm-1157	40	34	high	high	ADJ
arjefm-1157	40	35	educational	educational	ADJ
arjefm-1157	40	36	advancement	advancement	NOUN
arjefm-1157	40	37	,	,	PUNCT
arjefm-1157	40	38	competitive	competitive	ADJ
arjefm-1157	40	39	markets	market	NOUN
arjefm-1157	40	40	and	and	CCONJ
arjefm-1157	40	41	other	other	ADJ
arjefm-1157	40	42	benefits	benefit	NOUN
arjefm-1157	40	43	from	from	ADP
arjefm-1157	40	44	these	these	DET
arjefm-1157	40	45	inflows	inflow	NOUN
arjefm-1157	40	46	to	to	ADP
arjefm-1157	40	47	the	the	DET
arjefm-1157	40	48	nation	nation	NOUN
arjefm-1157	40	49	.	.	PUNCT
arjefm-1157	41	1	according	accord	VERB
arjefm-1157	41	2	to	to	ADP
arjefm-1157	41	3	literatures	literature	NOUN
arjefm-1157	41	4	,	,	PUNCT
arjefm-1157	41	5	the	the	DET
arjefm-1157	41	6	flow	flow	NOUN
arjefm-1157	41	7	of	of	ADP
arjefm-1157	41	8	goods	good	NOUN
arjefm-1157	41	9	,	,	PUNCT
arjefm-1157	41	10	services	service	NOUN
arjefm-1157	41	11	,	,	PUNCT
arjefm-1157	41	12	and	and	CCONJ
arjefm-1157	41	13	capital	capital	NOUN
arjefm-1157	41	14	in	in	ADP
arjefm-1157	41	15	and	and	CCONJ
arjefm-1157	41	16	out	out	ADP
arjefm-1157	41	17	of	of	ADP
arjefm-1157	41	18	the	the	DET
arjefm-1157	41	19	nation	nation	NOUN
arjefm-1157	41	20	are	be	AUX
arjefm-1157	41	21	influenced	influence	VERB
arjefm-1157	41	22	by	by	ADP
arjefm-1157	41	23	political	political	ADJ
arjefm-1157	41	24	and	and	CCONJ
arjefm-1157	41	25	legal	legal	ADJ
arjefm-1157	41	26	atmosphere	atmosphere	NOUN
arjefm-1157	41	27	of	of	ADP
arjefm-1157	41	28	the	the	DET
arjefm-1157	41	29	host	host	NOUN
arjefm-1157	41	30	nation	nation	NOUN
arjefm-1157	41	31	.	.	PUNCT
arjefm-1157	42	1	physical	physical	ADJ
arjefm-1157	42	2	and	and	CCONJ
arjefm-1157	42	3	social	social	ADJ
arjefm-1157	42	4	infrastructure	infrastructure	NOUN
arjefm-1157	42	5	,	,	PUNCT
arjefm-1157	42	6	indigenous	indigenous	ADJ
arjefm-1157	42	7	technology	technology	NOUN
arjefm-1157	42	8	,	,	PUNCT
arjefm-1157	42	9	inflationary	inflationary	ADJ
arjefm-1157	42	10	pressure	pressure	NOUN
arjefm-1157	42	11	,	,	PUNCT
arjefm-1157	42	12	domestic	domestic	ADJ
arjefm-1157	42	13	savings	saving	NOUN
arjefm-1157	42	14	,	,	PUNCT
arjefm-1157	42	15	fiscal	fiscal	ADJ
arjefm-1157	42	16	and	and	CCONJ
arjefm-1157	42	17	monetary	monetary	ADJ
arjefm-1157	42	18	policy	policy	NOUN
arjefm-1157	42	19	,	,	PUNCT
arjefm-1157	42	20	among	among	ADP
arjefm-1157	42	21	other	other	ADJ
arjefm-1157	42	22	macroeconomic	macroeconomic	ADJ
arjefm-1157	42	23	factors	factor	NOUN
arjefm-1157	42	24	influence	influence	VERB
arjefm-1157	42	25	the	the	DET
arjefm-1157	42	26	variables	variable	NOUN
arjefm-1157	42	27	.	.	PUNCT
arjefm-1157	43	1	worthy	worthy	ADJ
arjefm-1157	43	2	of	of	ADP
arjefm-1157	43	3	addition	addition	NOUN
arjefm-1157	43	4	to	to	ADP
arjefm-1157	43	5	the	the	DET
arjefm-1157	43	6	above	above	ADJ
arjefm-1157	43	7	assertions	assertion	NOUN
arjefm-1157	43	8	are	be	AUX
arjefm-1157	43	9	,	,	PUNCT
arjefm-1157	43	10	two	two	NUM
arjefm-1157	43	11	very	very	ADV
arjefm-1157	43	12	vital	vital	ADJ
arjefm-1157	43	13	factors	factor	NOUN
arjefm-1157	43	14	that	that	PRON
arjefm-1157	43	15	foreign	foreign	ADJ
arjefm-1157	43	16	investors	investor	NOUN
arjefm-1157	43	17	consider	consider	VERB
arjefm-1157	43	18	before	before	ADP
arjefm-1157	43	19	letting	let	VERB
arjefm-1157	43	20	their	their	PRON
arjefm-1157	43	21	goods	good	NOUN
arjefm-1157	43	22	move	move	VERB
arjefm-1157	43	23	to	to	ADP
arjefm-1157	43	24	any	any	DET
arjefm-1157	43	25	nation	nation	NOUN
arjefm-1157	43	26	and	and	CCONJ
arjefm-1157	43	27	these	these	PRON
arjefm-1157	43	28	are	be	AUX
arjefm-1157	43	29	risks	risk	NOUN
arjefm-1157	43	30	related	relate	VERB
arjefm-1157	43	31	to	to	PART
arjefm-1157	43	32	exchange	exchange	NOUN
arjefm-1157	43	33	rate	rate	NOUN
arjefm-1157	43	34	and	and	CCONJ
arjefm-1157	43	35	its	its	PRON
arjefm-1157	43	36	volatility	volatility	NOUN
arjefm-1157	43	37	in	in	ADP
arjefm-1157	43	38	any	any	PRON
arjefm-1157	43	39	of	of	ADP
arjefm-1157	43	40	the	the	DET
arjefm-1157	43	41	countries	country	NOUN
arjefm-1157	43	42	.	.	PUNCT
arjefm-1157	44	1	exchange	exchange	NOUN
arjefm-1157	44	2	rate	rate	NOUN
arjefm-1157	44	3	in	in	ADP
arjefm-1157	44	4	this	this	DET
arjefm-1157	44	5	study	study	NOUN
arjefm-1157	44	6	is	be	AUX
arjefm-1157	44	7	seen	see	VERB
arjefm-1157	44	8	as	as	ADP
arjefm-1157	44	9	the	the	DET
arjefm-1157	44	10	price	price	NOUN
arjefm-1157	44	11	of	of	ADP
arjefm-1157	44	12	one	one	NUM
arjefm-1157	44	13	country	country	NOUN
arjefm-1157	44	14	’s	’s	PART
arjefm-1157	44	15	currency	currency	NOUN
arjefm-1157	44	16	in	in	ADP
arjefm-1157	44	17	terms	term	NOUN
arjefm-1157	44	18	of	of	ADP
arjefm-1157	44	19	another	another	PRON
arjefm-1157	44	20	.	.	PUNCT
arjefm-1157	45	1	exchange	exchange	NOUN
arjefm-1157	45	2	rate	rate	NOUN
arjefm-1157	45	3	and	and	CCONJ
arjefm-1157	45	4	is	be	AUX
arjefm-1157	45	5	a	a	DET
arjefm-1157	45	6	vital	vital	ADJ
arjefm-1157	45	7	macroeconomic	macroeconomic	ADJ
arjefm-1157	45	8	variable	variable	NOUN
arjefm-1157	45	9	viewed	view	VERB
arjefm-1157	45	10	as	as	ADP
arjefm-1157	45	11	a	a	DET
arjefm-1157	45	12	pointer	pointer	NOUN
arjefm-1157	45	13	to	to	ADP
arjefm-1157	45	14	competitiveness	competitiveness	NOUN
arjefm-1157	45	15	of	of	ADP
arjefm-1157	45	16	the	the	DET
arjefm-1157	45	17	currency	currency	NOUN
arjefm-1157	45	18	of	of	ADP
arjefm-1157	45	19	any	any	DET
arjefm-1157	45	20	country	country	NOUN
arjefm-1157	45	21	.	.	PUNCT
arjefm-1157	46	1	exchange	exchange	NOUN
arjefm-1157	46	2	rate	rate	NOUN
arjefm-1157	46	3	,	,	PUNCT
arjefm-1157	46	4	as	as	ADP
arjefm-1157	46	5	one	one	NUM
arjefm-1157	46	6	of	of	ADP
arjefm-1157	46	7	the	the	DET
arjefm-1157	46	8	most	most	ADV
arjefm-1157	46	9	vital	vital	ADJ
arjefm-1157	46	10	prices	price	NOUN
arjefm-1157	46	11	in	in	ADP
arjefm-1157	46	12	an	an	DET
arjefm-1157	46	13	open	open	ADJ
arjefm-1157	46	14	economy	economy	NOUN
arjefm-1157	46	15	,	,	PUNCT
arjefm-1157	46	16	is	be	AUX
arjefm-1157	46	17	influenced	influence	VERB
arjefm-1157	46	18	by	by	ADP
arjefm-1157	46	19	foreign	foreign	ADJ
arjefm-1157	46	20	flow	flow	NOUN
arjefm-1157	46	21	of	of	ADP
arjefm-1157	46	22	goods	good	NOUN
arjefm-1157	46	23	,	,	PUNCT
arjefm-1157	46	24	services	service	NOUN
arjefm-1157	46	25	,	,	PUNCT
arjefm-1157	46	26	and	and	CCONJ
arjefm-1157	46	27	capital	capital	NOUN
arjefm-1157	46	28	among	among	ADP
arjefm-1157	46	29	nations	nation	NOUN
arjefm-1157	46	30	of	of	ADP
arjefm-1157	46	31	the	the	DET
arjefm-1157	46	32	world	world	NOUN
arjefm-1157	46	33	.	.	PUNCT
arjefm-1157	47	1	this	this	DET
arjefm-1157	47	2	flow	flow	NOUN
arjefm-1157	47	3	therefore	therefore	ADV
arjefm-1157	47	4	leads	lead	VERB
arjefm-1157	47	5	to	to	ADP
arjefm-1157	47	6	a	a	DET
arjefm-1157	47	7	strong	strong	ADJ
arjefm-1157	47	8	pressure	pressure	NOUN
arjefm-1157	47	9	on	on	ADP
arjefm-1157	47	10	balance	balance	NOUN
arjefm-1157	47	11	of	of	ADP
arjefm-1157	47	12	payments	payment	NOUN
arjefm-1157	47	13	,	,	PUNCT
arjefm-1157	47	14	inflation	inflation	NOUN
arjefm-1157	47	15	and	and	CCONJ
arjefm-1157	47	16	other	other	ADJ
arjefm-1157	47	17	macroeconomic	macroeconomic	ADJ
arjefm-1157	47	18	variables	variable	NOUN
arjefm-1157	47	19	.	.	PUNCT
arjefm-1157	48	1	it	it	PRON
arjefm-1157	48	2	should	should	AUX
arjefm-1157	48	3	be	be	AUX
arjefm-1157	48	4	noted	note	VERB
arjefm-1157	48	5	that	that	SCONJ
arjefm-1157	48	6	,	,	PUNCT
arjefm-1157	48	7	instability	instability	NOUN
arjefm-1157	48	8	in	in	ADP
arjefm-1157	48	9	exchange	exchange	NOUN
arjefm-1157	48	10	rate	rate	NOUN
arjefm-1157	48	11	is	be	AUX
arjefm-1157	48	12	likely	likely	ADV
arjefm-1157	48	13	going	go	VERB
arjefm-1157	48	14	to	to	PART
arjefm-1157	48	15	lead	lead	VERB
arjefm-1157	48	16	to	to	ADP
arjefm-1157	48	17	currency	currency	NOUN
arjefm-1157	48	18	devaluation	devaluation	NOUN
arjefm-1157	48	19	or	or	CCONJ
arjefm-1157	48	20	evaluation	evaluation	NOUN
arjefm-1157	48	21	in	in	ADP
arjefm-1157	48	22	the	the	DET
arjefm-1157	48	23	country	country	NOUN
arjefm-1157	48	24	.	.	PUNCT
arjefm-1157	49	1	this	this	PRON
arjefm-1157	49	2	means	mean	VERB
arjefm-1157	49	3	as	as	SCONJ
arjefm-1157	49	4	exchange	exchange	NOUN
arjefm-1157	49	5	rate	rate	NOUN
arjefm-1157	49	6	appreciates	appreciate	VERB
arjefm-1157	49	7	,	,	PUNCT
arjefm-1157	49	8	cost	cost	NOUN
arjefm-1157	49	9	of	of	ADP
arjefm-1157	49	10	production	production	NOUN
arjefm-1157	49	11	will	will	AUX
arjefm-1157	49	12	rise	rise	VERB
arjefm-1157	49	13	in	in	ADP
arjefm-1157	49	14	an	an	DET
arjefm-1157	49	15	economy	economy	NOUN
arjefm-1157	49	16	.	.	PUNCT
arjefm-1157	50	1	this	this	DET
arjefm-1157	50	2	rise	rise	NOUN
arjefm-1157	50	3	will	will	AUX
arjefm-1157	50	4	lead	lead	VERB
arjefm-1157	50	5	american	american	ADJ
arjefm-1157	50	6	research	research	PROPN
arjefm-1157	50	7	journal	journal	PROPN
arjefm-1157	50	8	of	of	ADP
arjefm-1157	50	9	economics	economic	NOUN
arjefm-1157	50	10	,	,	PUNCT
arjefm-1157	50	11	finance	finance	NOUN
arjefm-1157	50	12	and	and	CCONJ
arjefm-1157	50	13	management	management	NOUN
arjefm-1157	50	14	volume	volume	NOUN
arjefm-1157	50	15	13	13	NUM
arjefm-1157	50	16	issue	issue	NOUN
arjefm-1157	50	17	1	1	NUM
arjefm-1157	50	18	,	,	PUNCT
arjefm-1157	50	19	january	january	PROPN
arjefm-1157	50	20	-	-	PUNCT
arjefm-1157	50	21	march	march	PROPN
arjefm-1157	50	22	2025	2025	NUM
arjefm-1157	50	23	issn	issn	NOUN
arjefm-1157	50	24	:	:	PUNCT
arjefm-1157	50	25	2836	2836	NUM
arjefm-1157	50	26	-	-	SYM
arjefm-1157	50	27	9416	9416	NUM
arjefm-1157	50	28	impact	impact	NOUN
arjefm-1157	50	29	factor	factor	NOUN
arjefm-1157	50	30	:	:	PUNCT
arjefm-1157	50	31	6.41	6.41	NUM
arjefm-1157	50	32	journal	journal	NOUN
arjefm-1157	50	33	homepage	homepage	NOUN
arjefm-1157	50	34	:	:	PUNCT
arjefm-1157	50	35	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	50	36	,	,	PUNCT
arjefm-1157	50	37	email	email	NOUN
arjefm-1157	50	38	:	:	PUNCT
arjefm-1157	50	39	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	50	40	official	official	ADJ
arjefm-1157	50	41	journal	journal	PROPN
arjefm-1157	50	42	of	of	ADP
arjefm-1157	50	43	america	america	PROPN
arjefm-1157	50	44	serial	serial	PROPN
arjefm-1157	50	45	publication	publication	NOUN
arjefm-1157	50	46	american	american	PROPN
arjefm-1157	50	47	research	research	PROPN
arjefm-1157	50	48	journal	journal	PROPN
arjefm-1157	50	49	of	of	ADP
arjefm-1157	50	50	economics	economic	NOUN
arjefm-1157	50	51	,	,	PUNCT
arjefm-1157	50	52	finance	finance	NOUN
arjefm-1157	50	53	and	and	CCONJ
arjefm-1157	50	54	management	management	NOUN
arjefm-1157	50	55	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	50	56	,	,	PUNCT
arjefm-1157	50	57	email	email	NOUN
arjefm-1157	50	58	:	:	PUNCT
arjefm-1157	50	59	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	50	60	63	63	NUM
arjefm-1157	51	1	|	|	ADV
arjefm-1157	51	2	p	p	NOUN
arjefm-1157	51	3	a	a	DET
arjefm-1157	51	4	g	g	NOUN
arjefm-1157	51	5	e	e	NOUN
arjefm-1157	51	6	to	to	PART
arjefm-1157	51	7	low	low	ADJ
arjefm-1157	51	8	and	and	CCONJ
arjefm-1157	51	9	unstable	unstable	ADJ
arjefm-1157	51	10	fdi	fdi	NOUN
arjefm-1157	51	11	and	and	CCONJ
arjefm-1157	51	12	vice	vice	ADV
arjefm-1157	51	13	versa	versa	ADV
arjefm-1157	51	14	.	.	PUNCT
arjefm-1157	52	1	this	this	PRON
arjefm-1157	52	2	means	mean	VERB
arjefm-1157	52	3	poverty	poverty	NOUN
arjefm-1157	52	4	will	will	AUX
arjefm-1157	52	5	lead	lead	VERB
arjefm-1157	52	6	to	to	ADP
arjefm-1157	52	7	high	high	ADJ
arjefm-1157	52	8	inequality	inequality	NOUN
arjefm-1157	52	9	and	and	CCONJ
arjefm-1157	52	10	underdevelopment	underdevelopment	NOUN
arjefm-1157	52	11	also	also	ADV
arjefm-1157	52	12	and	and	CCONJ
arjefm-1157	52	13	this	this	PRON
arjefm-1157	52	14	will	will	AUX
arjefm-1157	52	15	result	result	VERB
arjefm-1157	52	16	in	in	ADP
arjefm-1157	52	17	vast	vast	ADJ
arjefm-1157	52	18	deficit	deficit	NOUN
arjefm-1157	52	19	domestic	domestic	ADJ
arjefm-1157	52	20	balance	balance	NOUN
arjefm-1157	52	21	of	of	ADP
arjefm-1157	52	22	trade	trade	NOUN
arjefm-1157	52	23	and	and	CCONJ
arjefm-1157	52	24	of	of	ADP
arjefm-1157	52	25	payment	payment	NOUN
arjefm-1157	52	26	in	in	ADP
arjefm-1157	52	27	a	a	DET
arjefm-1157	52	28	domestic	domestic	ADJ
arjefm-1157	52	29	economy	economy	NOUN
arjefm-1157	52	30	.	.	PUNCT
arjefm-1157	53	1	again	again	ADV
arjefm-1157	53	2	,	,	PUNCT
arjefm-1157	53	3	depreciation	depreciation	NOUN
arjefm-1157	53	4	in	in	ADP
arjefm-1157	53	5	exchange	exchange	NOUN
arjefm-1157	53	6	rate	rate	NOUN
arjefm-1157	53	7	will	will	AUX
arjefm-1157	53	8	lead	lead	VERB
arjefm-1157	53	9	to	to	ADP
arjefm-1157	53	10	competitive	competitive	ADJ
arjefm-1157	53	11	advantages	advantage	NOUN
arjefm-1157	53	12	in	in	ADP
arjefm-1157	53	13	foreign	foreign	ADJ
arjefm-1157	53	14	trade	trade	NOUN
arjefm-1157	53	15	.	.	PUNCT
arjefm-1157	54	1	this	this	PRON
arjefm-1157	54	2	will	will	AUX
arjefm-1157	54	3	make	make	VERB
arjefm-1157	54	4	domestic	domestic	ADJ
arjefm-1157	54	5	goods	good	NOUN
arjefm-1157	54	6	cheaper	cheap	ADJ
arjefm-1157	54	7	and	and	CCONJ
arjefm-1157	54	8	will	will	AUX
arjefm-1157	54	9	lead	lead	VERB
arjefm-1157	54	10	to	to	PART
arjefm-1157	54	11	increase	increase	VERB
arjefm-1157	54	12	in	in	ADP
arjefm-1157	54	13	the	the	DET
arjefm-1157	54	14	demand	demand	NOUN
arjefm-1157	54	15	for	for	ADP
arjefm-1157	54	16	export	export	NOUN
arjefm-1157	54	17	goods	good	NOUN
arjefm-1157	54	18	and	and	CCONJ
arjefm-1157	54	19	this	this	PRON
arjefm-1157	54	20	will	will	AUX
arjefm-1157	54	21	cause	cause	VERB
arjefm-1157	54	22	an	an	DET
arjefm-1157	54	23	increase	increase	NOUN
arjefm-1157	54	24	in	in	ADP
arjefm-1157	54	25	international	international	ADJ
arjefm-1157	54	26	demand	demand	NOUN
arjefm-1157	54	27	for	for	ADP
arjefm-1157	54	28	domestic	domestic	ADJ
arjefm-1157	54	29	goods	good	NOUN
arjefm-1157	54	30	and	and	CCONJ
arjefm-1157	54	31	decrease	decrease	NOUN
arjefm-1157	54	32	in	in	ADP
arjefm-1157	54	33	import	import	NOUN
arjefm-1157	54	34	within	within	ADP
arjefm-1157	54	35	the	the	DET
arjefm-1157	54	36	nation	nation	NOUN
arjefm-1157	54	37	.	.	PUNCT
arjefm-1157	55	1	all	all	DET
arjefm-1157	55	2	these	these	DET
arjefm-1157	55	3	trends	trend	NOUN
arjefm-1157	55	4	will	will	AUX
arjefm-1157	55	5	impact	impact	VERB
arjefm-1157	55	6	positively	positively	ADV
arjefm-1157	55	7	on	on	ADP
arjefm-1157	55	8	fdi	fdi	ADJ
arjefm-1157	55	9	inflow	inflow	NOUN
arjefm-1157	55	10	into	into	ADP
arjefm-1157	55	11	the	the	DET
arjefm-1157	55	12	domestic	domestic	ADJ
arjefm-1157	55	13	economy	economy	NOUN
arjefm-1157	55	14	.	.	PUNCT
arjefm-1157	56	1	studies	study	NOUN
arjefm-1157	56	2	also	also	ADV
arjefm-1157	56	3	revealed	reveal	VERB
arjefm-1157	56	4	that	that	SCONJ
arjefm-1157	56	5	,	,	PUNCT
arjefm-1157	56	6	equilibrium	equilibrium	NOUN
arjefm-1157	56	7	foreign	foreign	ADJ
arjefm-1157	56	8	exchange	exchange	NOUN
arjefm-1157	56	9	will	will	AUX
arjefm-1157	56	10	help	help	VERB
arjefm-1157	56	11	decision	decision	NOUN
arjefm-1157	56	12	makers	maker	NOUN
arjefm-1157	56	13	to	to	PART
arjefm-1157	56	14	cut	cut	VERB
arjefm-1157	56	15	the	the	DET
arjefm-1157	56	16	uncertainty	uncertainty	NOUN
arjefm-1157	56	17	caused	cause	VERB
arjefm-1157	56	18	by	by	ADP
arjefm-1157	56	19	volatility	volatility	NOUN
arjefm-1157	56	20	in	in	ADP
arjefm-1157	56	21	exchange	exchange	NOUN
arjefm-1157	56	22	rate	rate	NOUN
arjefm-1157	56	23	and	and	CCONJ
arjefm-1157	56	24	hence	hence	ADV
arjefm-1157	56	25	growth	growth	NOUN
arjefm-1157	56	26	and	and	CCONJ
arjefm-1157	56	27	development	development	NOUN
arjefm-1157	56	28	in	in	ADP
arjefm-1157	56	29	the	the	DET
arjefm-1157	56	30	country	country	NOUN
arjefm-1157	56	31	.	.	PUNCT
arjefm-1157	57	1	the	the	DET
arjefm-1157	57	2	instability	instability	NOUN
arjefm-1157	57	3	in	in	ADP
arjefm-1157	57	4	exchange	exchange	NOUN
arjefm-1157	57	5	rate	rate	NOUN
arjefm-1157	57	6	as	as	SCONJ
arjefm-1157	57	7	noticed	notice	VERB
arjefm-1157	57	8	in	in	ADP
arjefm-1157	57	9	past	past	ADJ
arjefm-1157	57	10	studies	study	NOUN
arjefm-1157	57	11	will	will	AUX
arjefm-1157	57	12	lead	lead	VERB
arjefm-1157	57	13	to	to	ADP
arjefm-1157	57	14	indecision	indecision	NOUN
arjefm-1157	57	15	,	,	PUNCT
arjefm-1157	57	16	which	which	PRON
arjefm-1157	57	17	has	have	VERB
arjefm-1157	57	18	a	a	DET
arjefm-1157	57	19	negative	negative	ADJ
arjefm-1157	57	20	effect	effect	NOUN
arjefm-1157	57	21	on	on	ADP
arjefm-1157	57	22	flow	flow	NOUN
arjefm-1157	57	23	of	of	ADP
arjefm-1157	57	24	trade	trade	NOUN
arjefm-1157	57	25	in	in	ADP
arjefm-1157	57	26	the	the	DET
arjefm-1157	57	27	country	country	NOUN
arjefm-1157	57	28	.	.	PUNCT
arjefm-1157	58	1	consequently	consequently	ADV
arjefm-1157	58	2	,	,	PUNCT
arjefm-1157	58	3	this	this	DET
arjefm-1157	58	4	study	study	NOUN
arjefm-1157	58	5	needs	need	VERB
arjefm-1157	58	6	to	to	PART
arjefm-1157	58	7	stabilize	stabilize	VERB
arjefm-1157	58	8	the	the	DET
arjefm-1157	58	9	factor	factor	NOUN
arjefm-1157	58	10	needed	need	VERB
arjefm-1157	58	11	to	to	PART
arjefm-1157	58	12	influence	influence	VERB
arjefm-1157	58	13	the	the	DET
arjefm-1157	58	14	factors	factor	NOUN
arjefm-1157	58	15	affecting	affect	VERB
arjefm-1157	58	16	the	the	DET
arjefm-1157	58	17	flow	flow	NOUN
arjefm-1157	58	18	of	of	ADP
arjefm-1157	58	19	foreign	foreign	ADJ
arjefm-1157	58	20	capital	capital	NOUN
arjefm-1157	58	21	and	and	CCONJ
arjefm-1157	58	22	review	review	VERB
arjefm-1157	58	23	the	the	DET
arjefm-1157	58	24	variables	variable	NOUN
arjefm-1157	58	25	use	use	VERB
arjefm-1157	58	26	in	in	ADP
arjefm-1157	58	27	this	this	DET
arjefm-1157	58	28	study	study	NOUN
arjefm-1157	58	29	in	in	ADP
arjefm-1157	58	30	a	a	DET
arjefm-1157	58	31	bid	bid	NOUN
arjefm-1157	58	32	to	to	PART
arjefm-1157	58	33	reduce	reduce	VERB
arjefm-1157	58	34	risk	risk	NOUN
arjefm-1157	58	35	from	from	ADP
arjefm-1157	58	36	redirecting	redirect	VERB
arjefm-1157	58	37	market	market	NOUN
arjefm-1157	58	38	activity	activity	NOUN
arjefm-1157	58	39	to	to	ADP
arjefm-1157	58	40	other	other	ADJ
arjefm-1157	58	41	lower	low	ADJ
arjefm-1157	58	42	risk	risk	NOUN
arjefm-1157	58	43	market	market	NOUN
arjefm-1157	58	44	that	that	PRON
arjefm-1157	58	45	occupies	occupy	VERB
arjefm-1157	58	46	a	a	DET
arjefm-1157	58	47	critical	critical	ADJ
arjefm-1157	58	48	aspect	aspect	NOUN
arjefm-1157	58	49	of	of	ADP
arjefm-1157	58	50	economic	economic	ADJ
arjefm-1157	58	51	management	management	NOUN
arjefm-1157	58	52	of	of	ADP
arjefm-1157	58	53	any	any	DET
arjefm-1157	58	54	country	country	NOUN
arjefm-1157	58	55	.	.	PUNCT
arjefm-1157	59	1	a	a	DET
arjefm-1157	59	2	closer	close	ADJ
arjefm-1157	59	3	observation	observation	NOUN
arjefm-1157	59	4	of	of	ADP
arjefm-1157	59	5	the	the	DET
arjefm-1157	59	6	economy	economy	NOUN
arjefm-1157	59	7	in	in	ADP
arjefm-1157	59	8	terms	term	NOUN
arjefm-1157	59	9	of	of	ADP
arjefm-1157	59	10	capital	capital	NOUN
arjefm-1157	59	11	movements	movement	NOUN
arjefm-1157	59	12	globally	globally	ADV
arjefm-1157	59	13	also	also	ADV
arjefm-1157	59	14	reveals	reveal	VERB
arjefm-1157	59	15	in	in	ADP
arjefm-1157	59	16	most	most	ADJ
arjefm-1157	59	17	cases	case	NOUN
arjefm-1157	59	18	a	a	DET
arjefm-1157	59	19	capital	capital	NOUN
arjefm-1157	59	20	flow	flow	NOUN
arjefm-1157	59	21	from	from	ADP
arjefm-1157	59	22	resource	resource	NOUN
arjefm-1157	59	23	-	-	PUNCT
arjefm-1157	59	24	rich	rich	ADJ
arjefm-1157	59	25	economies	economy	NOUN
arjefm-1157	59	26	to	to	ADP
arjefm-1157	59	27	resourcescarce	resourcescarce	ADJ
arjefm-1157	59	28	economies	economy	NOUN
arjefm-1157	59	29	as	as	SCONJ
arjefm-1157	59	30	opined	opine	VERB
arjefm-1157	59	31	by	by	ADP
arjefm-1157	59	32	smadi	smadi	NOUN
arjefm-1157	59	33	,	,	PUNCT
arjefm-1157	59	34	2018	2018	NUM
arjefm-1157	59	35	.	.	PUNCT
arjefm-1157	60	1	however	however	ADV
arjefm-1157	60	2	,	,	PUNCT
arjefm-1157	60	3	in	in	ADP
arjefm-1157	60	4	another	another	DET
arjefm-1157	60	5	study	study	NOUN
arjefm-1157	60	6	by	by	ADP
arjefm-1157	60	7	lucas	lucas	PROPN
arjefm-1157	60	8	(	(	PUNCT
arjefm-1157	60	9	1990	1990	NUM
arjefm-1157	60	10	)	)	PUNCT
arjefm-1157	60	11	,	,	PUNCT
arjefm-1157	60	12	it	it	PRON
arjefm-1157	60	13	was	be	AUX
arjefm-1157	60	14	observed	observe	VERB
arjefm-1157	60	15	that	that	SCONJ
arjefm-1157	60	16	the	the	DET
arjefm-1157	60	17	direction	direction	NOUN
arjefm-1157	60	18	of	of	ADP
arjefm-1157	60	19	capital	capital	NOUN
arjefm-1157	60	20	flows	flow	NOUN
arjefm-1157	60	21	is	be	AUX
arjefm-1157	60	22	hampered	hamper	VERB
arjefm-1157	60	23	by	by	ADP
arjefm-1157	60	24	macroeconomic	macroeconomic	ADJ
arjefm-1157	60	25	instability	instability	NOUN
arjefm-1157	60	26	induced	induce	VERB
arjefm-1157	60	27	by	by	ADP
arjefm-1157	60	28	insufficient	insufficient	ADJ
arjefm-1157	60	29	human	human	ADJ
arjefm-1157	60	30	capital	capital	NOUN
arjefm-1157	60	31	,	,	PUNCT
arjefm-1157	60	32	imperfection	imperfection	NOUN
arjefm-1157	60	33	in	in	ADP
arjefm-1157	60	34	the	the	DET
arjefm-1157	60	35	capital	capital	NOUN
arjefm-1157	60	36	market	market	NOUN
arjefm-1157	60	37	,	,	PUNCT
arjefm-1157	60	38	and	and	CCONJ
arjefm-1157	60	39	political	political	ADJ
arjefm-1157	60	40	risk	risk	NOUN
arjefm-1157	60	41	in	in	ADP
arjefm-1157	60	42	developing	develop	VERB
arjefm-1157	60	43	countries	country	NOUN
arjefm-1157	60	44	.	.	PUNCT
arjefm-1157	61	1	other	other	ADJ
arjefm-1157	61	2	study	study	NOUN
arjefm-1157	61	3	again	again	ADV
arjefm-1157	61	4	showed	show	VERB
arjefm-1157	61	5	that	that	SCONJ
arjefm-1157	61	6	capital	capital	NOUN
arjefm-1157	61	7	flows	flow	VERB
arjefm-1157	61	8	to	to	ADP
arjefm-1157	61	9	developing	develop	VERB
arjefm-1157	61	10	nations	nation	NOUN
arjefm-1157	61	11	could	could	AUX
arjefm-1157	61	12	be	be	AUX
arjefm-1157	61	13	mired	mire	VERB
arjefm-1157	61	14	owing	owe	VERB
arjefm-1157	61	15	to	to	ADP
arjefm-1157	61	16	distortions	distortion	NOUN
arjefm-1157	61	17	in	in	ADP
arjefm-1157	61	18	major	major	ADJ
arjefm-1157	61	19	macroeconomic	macroeconomic	ADJ
arjefm-1157	61	20	variables	variable	NOUN
arjefm-1157	61	21	among	among	ADP
arjefm-1157	61	22	global	global	ADJ
arjefm-1157	61	23	economic	economic	ADJ
arjefm-1157	61	24	imbalances	imbalance	NOUN
arjefm-1157	61	25	and	and	CCONJ
arjefm-1157	61	26	divergences	divergence	NOUN
arjefm-1157	61	27	in	in	ADP
arjefm-1157	61	28	monetary	monetary	ADJ
arjefm-1157	61	29	policy	policy	NOUN
arjefm-1157	61	30	across	across	ADP
arjefm-1157	61	31	nations	nation	NOUN
arjefm-1157	61	32	of	of	ADP
arjefm-1157	61	33	the	the	DET
arjefm-1157	61	34	world	world	NOUN
arjefm-1157	61	35	,	,	PUNCT
arjefm-1157	61	36	(	(	PUNCT
arjefm-1157	61	37	lucas	lucas	PROPN
arjefm-1157	61	38	1990	1990	NUM
arjefm-1157	61	39	)	)	PUNCT
arjefm-1157	61	40	.	.	PUNCT
arjefm-1157	62	1	capital	capital	NOUN
arjefm-1157	62	2	flows	flow	NOUN
arjefm-1157	62	3	are	be	AUX
arjefm-1157	62	4	in	in	ADP
arjefm-1157	62	5	some	some	DET
arjefm-1157	62	6	countries	country	NOUN
arjefm-1157	62	7	assisting	assist	VERB
arjefm-1157	62	8	in	in	ADP
arjefm-1157	62	9	the	the	DET
arjefm-1157	62	10	proper	proper	ADJ
arjefm-1157	62	11	allocation	allocation	NOUN
arjefm-1157	62	12	of	of	ADP
arjefm-1157	62	13	global	global	ADJ
arjefm-1157	62	14	resources	resource	NOUN
arjefm-1157	62	15	which	which	PRON
arjefm-1157	62	16	will	will	AUX
arjefm-1157	62	17	increase	increase	VERB
arjefm-1157	62	18	the	the	DET
arjefm-1157	62	19	availability	availability	NOUN
arjefm-1157	62	20	of	of	ADP
arjefm-1157	62	21	capital	capital	NOUN
arjefm-1157	62	22	and	and	CCONJ
arjefm-1157	62	23	thus	thus	ADV
arjefm-1157	62	24	higher	high	ADJ
arjefm-1157	62	25	investment	investment	NOUN
arjefm-1157	62	26	and	and	CCONJ
arjefm-1157	62	27	growth	growth	NOUN
arjefm-1157	62	28	in	in	ADP
arjefm-1157	62	29	an	an	DET
arjefm-1157	62	30	economy	economy	NOUN
arjefm-1157	62	31	.	.	PUNCT
arjefm-1157	63	1	the	the	DET
arjefm-1157	63	2	aim	aim	NOUN
arjefm-1157	63	3	of	of	ADP
arjefm-1157	63	4	any	any	DET
arjefm-1157	63	5	investor	investor	NOUN
arjefm-1157	63	6	to	to	PART
arjefm-1157	63	7	invest	invest	VERB
arjefm-1157	63	8	in	in	ADP
arjefm-1157	63	9	any	any	DET
arjefm-1157	63	10	country	country	NOUN
arjefm-1157	63	11	is	be	AUX
arjefm-1157	63	12	a	a	DET
arjefm-1157	63	13	function	function	NOUN
arjefm-1157	63	14	,	,	PUNCT
arjefm-1157	63	15	to	to	ADP
arjefm-1157	63	16	a	a	DET
arjefm-1157	63	17	large	large	ADJ
arjefm-1157	63	18	extent	extent	NOUN
arjefm-1157	63	19	,	,	PUNCT
arjefm-1157	63	20	of	of	ADP
arjefm-1157	63	21	the	the	DET
arjefm-1157	63	22	stability	stability	NOUN
arjefm-1157	63	23	of	of	ADP
arjefm-1157	63	24	exchange	exchange	NOUN
arjefm-1157	63	25	rate	rate	NOUN
arjefm-1157	63	26	of	of	ADP
arjefm-1157	63	27	the	the	DET
arjefm-1157	63	28	country	country	NOUN
arjefm-1157	63	29	.	.	PUNCT
arjefm-1157	64	1	therefore	therefore	ADV
arjefm-1157	64	2	,	,	PUNCT
arjefm-1157	64	3	a	a	DET
arjefm-1157	64	4	closer	close	ADJ
arjefm-1157	64	5	look	look	NOUN
arjefm-1157	64	6	at	at	ADP
arjefm-1157	64	7	nigeria	nigeria	PROPN
arjefm-1157	64	8	shows	show	VERB
arjefm-1157	64	9	that	that	SCONJ
arjefm-1157	64	10	,	,	PUNCT
arjefm-1157	64	11	the	the	DET
arjefm-1157	64	12	nigerian	nigerian	ADJ
arjefm-1157	64	13	economy	economy	NOUN
arjefm-1157	64	14	is	be	AUX
arjefm-1157	64	15	in	in	ADP
arjefm-1157	64	16	serious	serious	ADJ
arjefm-1157	64	17	need	need	NOUN
arjefm-1157	64	18	of	of	ADP
arjefm-1157	64	19	adequate	adequate	ADJ
arjefm-1157	64	20	and	and	CCONJ
arjefm-1157	64	21	effective	effective	ADJ
arjefm-1157	64	22	management	management	NOUN
arjefm-1157	64	23	of	of	ADP
arjefm-1157	64	24	foreign	foreign	ADJ
arjefm-1157	64	25	exchange	exchange	NOUN
arjefm-1157	64	26	rate	rate	NOUN
arjefm-1157	64	27	that	that	PRON
arjefm-1157	64	28	will	will	AUX
arjefm-1157	64	29	boost	boost	VERB
arjefm-1157	64	30	the	the	DET
arjefm-1157	64	31	inflow	inflow	NOUN
arjefm-1157	64	32	of	of	ADP
arjefm-1157	64	33	fdi	fdi	NOUN
arjefm-1157	64	34	and	and	CCONJ
arjefm-1157	64	35	diversification	diversification	NOUN
arjefm-1157	64	36	of	of	ADP
arjefm-1157	64	37	the	the	DET
arjefm-1157	64	38	nigerian	nigerian	ADJ
arjefm-1157	64	39	economy	economy	NOUN
arjefm-1157	64	40	.	.	PUNCT
arjefm-1157	65	1	literatures	literature	NOUN
arjefm-1157	65	2	show	show	VERB
arjefm-1157	65	3	that	that	SCONJ
arjefm-1157	65	4	nigeria	nigeria	PROPN
arjefm-1157	65	5	’s	’s	PART
arjefm-1157	65	6	abolition	abolition	NOUN
arjefm-1157	65	7	of	of	ADP
arjefm-1157	65	8	certain	certain	ADJ
arjefm-1157	65	9	american	american	PROPN
arjefm-1157	65	10	research	research	PROPN
arjefm-1157	65	11	journal	journal	PROPN
arjefm-1157	65	12	of	of	ADP
arjefm-1157	65	13	economics	economic	NOUN
arjefm-1157	65	14	,	,	PUNCT
arjefm-1157	65	15	finance	finance	NOUN
arjefm-1157	65	16	and	and	CCONJ
arjefm-1157	65	17	management	management	NOUN
arjefm-1157	65	18	volume	volume	NOUN
arjefm-1157	65	19	13	13	NUM
arjefm-1157	65	20	issue	issue	NOUN
arjefm-1157	65	21	1	1	NUM
arjefm-1157	65	22	,	,	PUNCT
arjefm-1157	65	23	january	january	PROPN
arjefm-1157	65	24	-	-	PUNCT
arjefm-1157	65	25	march	march	PROPN
arjefm-1157	65	26	2025	2025	NUM
arjefm-1157	65	27	issn	issn	NOUN
arjefm-1157	65	28	:	:	PUNCT
arjefm-1157	65	29	2836	2836	NUM
arjefm-1157	65	30	-	-	SYM
arjefm-1157	65	31	9416	9416	NUM
arjefm-1157	65	32	impact	impact	NOUN
arjefm-1157	65	33	factor	factor	NOUN
arjefm-1157	65	34	:	:	PUNCT
arjefm-1157	65	35	6.41	6.41	NUM
arjefm-1157	65	36	journal	journal	NOUN
arjefm-1157	65	37	homepage	homepage	NOUN
arjefm-1157	65	38	:	:	PUNCT
arjefm-1157	65	39	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	65	40	,	,	PUNCT
arjefm-1157	65	41	email	email	NOUN
arjefm-1157	65	42	:	:	PUNCT
arjefm-1157	65	43	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	65	44	official	official	ADJ
arjefm-1157	65	45	journal	journal	PROPN
arjefm-1157	65	46	of	of	ADP
arjefm-1157	65	47	america	america	PROPN
arjefm-1157	65	48	serial	serial	PROPN
arjefm-1157	65	49	publication	publication	NOUN
arjefm-1157	65	50	american	american	PROPN
arjefm-1157	65	51	research	research	PROPN
arjefm-1157	65	52	journal	journal	PROPN
arjefm-1157	65	53	of	of	ADP
arjefm-1157	65	54	economics	economic	NOUN
arjefm-1157	65	55	,	,	PUNCT
arjefm-1157	65	56	finance	finance	NOUN
arjefm-1157	65	57	and	and	CCONJ
arjefm-1157	65	58	management	management	NOUN
arjefm-1157	65	59	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	65	60	,	,	PUNCT
arjefm-1157	65	61	email	email	NOUN
arjefm-1157	65	62	:	:	PUNCT
arjefm-1157	65	63	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	66	1	64	64	NUM
arjefm-1157	67	1	|	|	ADV
arjefm-1157	67	2	p	p	NOUN
arjefm-1157	67	3	a	a	DET
arjefm-1157	67	4	g	g	NOUN
arjefm-1157	67	5	e	e	NOUN
arjefm-1157	67	6	laws	law	NOUN
arjefm-1157	67	7	and	and	CCONJ
arjefm-1157	67	8	successive	successive	ADJ
arjefm-1157	67	9	entrenchment	entrenchment	NOUN
arjefm-1157	67	10	of	of	ADP
arjefm-1157	67	11	laws	law	NOUN
arjefm-1157	67	12	that	that	PRON
arjefm-1157	67	13	encouraged	encourage	VERB
arjefm-1157	67	14	investment	investment	NOUN
arjefm-1157	67	15	and	and	CCONJ
arjefm-1157	67	16	introduction	introduction	NOUN
arjefm-1157	67	17	of	of	ADP
arjefm-1157	67	18	structural	structural	ADJ
arjefm-1157	67	19	reforms	reform	NOUN
arjefm-1157	67	20	to	to	PART
arjefm-1157	67	21	enable	enable	VERB
arjefm-1157	67	22	a	a	DET
arjefm-1157	67	23	considerable	considerable	ADJ
arjefm-1157	67	24	flow	flow	NOUN
arjefm-1157	67	25	of	of	ADP
arjefm-1157	67	26	capital	capital	NOUN
arjefm-1157	67	27	was	be	AUX
arjefm-1157	67	28	affected	affect	VERB
arjefm-1157	67	29	by	by	ADP
arjefm-1157	67	30	external	external	ADJ
arjefm-1157	67	31	advice	advice	NOUN
arjefm-1157	67	32	and	and	CCONJ
arjefm-1157	67	33	policies	policy	NOUN
arjefm-1157	67	34	by	by	ADP
arjefm-1157	67	35	international	international	ADJ
arjefm-1157	67	36	financial	financial	ADJ
arjefm-1157	67	37	institutions	institution	NOUN
arjefm-1157	67	38	in	in	ADP
arjefm-1157	67	39	1982	1982	NUM
arjefm-1157	67	40	.	.	PUNCT
arjefm-1157	68	1	the	the	DET
arjefm-1157	68	2	trend	trend	NOUN
arjefm-1157	68	3	continued	continue	VERB
arjefm-1157	68	4	until	until	ADP
arjefm-1157	68	5	1986	1986	NUM
arjefm-1157	68	6	,	,	PUNCT
arjefm-1157	68	7	where	where	SCONJ
arjefm-1157	68	8	nigeria	nigeria	PROPN
arjefm-1157	68	9	did	do	AUX
arjefm-1157	68	10	not	not	PART
arjefm-1157	68	11	record	record	VERB
arjefm-1157	68	12	any	any	DET
arjefm-1157	68	13	figure	figure	NOUN
arjefm-1157	68	14	on	on	ADP
arjefm-1157	68	15	portfolio	portfolio	NOUN
arjefm-1157	68	16	investment	investment	NOUN
arjefm-1157	68	17	in	in	ADP
arjefm-1157	68	18	her	her	PRON
arjefm-1157	68	19	balance	balance	NOUN
arjefm-1157	68	20	of	of	ADP
arjefm-1157	68	21	payment	payment	NOUN
arjefm-1157	68	22	(	(	PUNCT
arjefm-1157	68	23	bop	bop	NOUN
arjefm-1157	68	24	)	)	PUNCT
arjefm-1157	68	25	accounts	account	NOUN
arjefm-1157	68	26	as	as	ADP
arjefm-1157	68	27	a	a	DET
arjefm-1157	68	28	result	result	NOUN
arjefm-1157	68	29	of	of	ADP
arjefm-1157	68	30	noninternationalization	noninternationalization	NOUN
arjefm-1157	68	31	of	of	ADP
arjefm-1157	68	32	the	the	DET
arjefm-1157	68	33	nation	nation	NOUN
arjefm-1157	68	34	’s	’s	PART
arjefm-1157	68	35	money	money	NOUN
arjefm-1157	68	36	and	and	CCONJ
arjefm-1157	68	37	capital	capital	NOUN
arjefm-1157	68	38	markets	market	NOUN
arjefm-1157	68	39	and	and	CCONJ
arjefm-1157	68	40	also	also	ADV
arjefm-1157	68	41	the	the	DET
arjefm-1157	68	42	non	non	ADJ
arjefm-1157	68	43	-	-	NOUN
arjefm-1157	68	44	disclosure	disclosure	NOUN
arjefm-1157	68	45	of	of	ADP
arjefm-1157	68	46	information	information	NOUN
arjefm-1157	68	47	on	on	ADP
arjefm-1157	68	48	the	the	DET
arjefm-1157	68	49	portfolio	portfolio	NOUN
arjefm-1157	68	50	investments	investment	NOUN
arjefm-1157	68	51	of	of	ADP
arjefm-1157	68	52	nigerian	nigerian	ADJ
arjefm-1157	68	53	investors	investor	NOUN
arjefm-1157	68	54	in	in	ADP
arjefm-1157	68	55	foreign	foreign	ADJ
arjefm-1157	68	56	capital	capital	NOUN
arjefm-1157	68	57	and	and	CCONJ
arjefm-1157	68	58	money	money	NOUN
arjefm-1157	68	59	markets	market	NOUN
arjefm-1157	68	60	which	which	PRON
arjefm-1157	68	61	has	have	AUX
arjefm-1157	68	62	affected	affect	VERB
arjefm-1157	68	63	the	the	DET
arjefm-1157	68	64	nigerian	nigerian	ADJ
arjefm-1157	68	65	economy	economy	NOUN
arjefm-1157	68	66	negatively	negatively	ADV
arjefm-1157	68	67	in	in	ADP
arjefm-1157	68	68	terms	term	NOUN
arjefm-1157	68	69	of	of	ADP
arjefm-1157	68	70	capital	capital	NOUN
arjefm-1157	68	71	flo	flo	PROPN
arjefm-1157	68	72	,	,	PUNCT
arjefm-1157	68	73	(	(	PUNCT
arjefm-1157	68	74	cbn	cbn	PROPN
arjefm-1157	68	75	2009	2009	NUM
arjefm-1157	68	76	)	)	PUNCT
arjefm-1157	68	77	.	.	PUNCT
arjefm-1157	69	1	however	however	ADV
arjefm-1157	69	2	,	,	PUNCT
arjefm-1157	69	3	past	past	ADJ
arjefm-1157	69	4	administrations	administration	NOUN
arjefm-1157	69	5	in	in	ADP
arjefm-1157	69	6	nigeria	nigeria	PROPN
arjefm-1157	69	7	have	have	AUX
arjefm-1157	69	8	adopted	adopt	VERB
arjefm-1157	69	9	several	several	ADJ
arjefm-1157	69	10	policies	policy	NOUN
arjefm-1157	69	11	to	to	PART
arjefm-1157	69	12	boost	boost	VERB
arjefm-1157	69	13	fdi	fdi	NOUN
arjefm-1157	69	14	but	but	CCONJ
arjefm-1157	69	15	despite	despite	SCONJ
arjefm-1157	69	16	these	these	DET
arjefm-1157	69	17	efforts	effort	NOUN
arjefm-1157	69	18	by	by	ADP
arjefm-1157	69	19	the	the	DET
arjefm-1157	69	20	government	government	NOUN
arjefm-1157	69	21	to	to	PART
arjefm-1157	69	22	stabilize	stabilize	VERB
arjefm-1157	69	23	the	the	DET
arjefm-1157	69	24	exchange	exchange	NOUN
arjefm-1157	69	25	rate	rate	NOUN
arjefm-1157	69	26	in	in	ADP
arjefm-1157	69	27	the	the	DET
arjefm-1157	69	28	country	country	NOUN
arjefm-1157	69	29	,	,	PUNCT
arjefm-1157	69	30	much	much	ADJ
arjefm-1157	69	31	successes	success	NOUN
arjefm-1157	69	32	have	have	AUX
arjefm-1157	69	33	not	not	PART
arjefm-1157	69	34	been	be	AUX
arjefm-1157	69	35	achieved	achieve	VERB
arjefm-1157	69	36	in	in	ADP
arjefm-1157	69	37	terms	term	NOUN
arjefm-1157	69	38	of	of	ADP
arjefm-1157	69	39	fdi	fdi	ADJ
arjefm-1157	69	40	inflow	inflow	NOUN
arjefm-1157	69	41	in	in	ADP
arjefm-1157	69	42	the	the	DET
arjefm-1157	69	43	country	country	NOUN
arjefm-1157	69	44	.	.	PUNCT
arjefm-1157	70	1	based	base	VERB
arjefm-1157	70	2	on	on	ADP
arjefm-1157	70	3	the	the	DET
arjefm-1157	70	4	above	above	NOUN
arjefm-1157	70	5	,	,	PUNCT
arjefm-1157	70	6	this	this	DET
arjefm-1157	70	7	study	study	NOUN
arjefm-1157	70	8	is	be	AUX
arjefm-1157	70	9	carried	carry	VERB
arjefm-1157	70	10	out	out	ADP
arjefm-1157	70	11	to	to	PART
arjefm-1157	70	12	examine	examine	VERB
arjefm-1157	70	13	selected	select	VERB
arjefm-1157	70	14	determinants	determinant	NOUN
arjefm-1157	70	15	of	of	ADP
arjefm-1157	70	16	capital	capital	NOUN
arjefm-1157	70	17	flow	flow	NOUN
arjefm-1157	70	18	in	in	ADP
arjefm-1157	70	19	nigeria	nigeria	PROPN
arjefm-1157	70	20	and	and	CCONJ
arjefm-1157	70	21	how	how	SCONJ
arjefm-1157	70	22	this	this	PRON
arjefm-1157	70	23	has	have	AUX
arjefm-1157	70	24	affected	affect	VERB
arjefm-1157	70	25	the	the	DET
arjefm-1157	70	26	nigerian	nigerian	ADJ
arjefm-1157	70	27	economy	economy	NOUN
arjefm-1157	70	28	as	as	ADP
arjefm-1157	70	29	a	a	DET
arjefm-1157	70	30	whole	whole	NOUN
arjefm-1157	70	31	.	.	PUNCT
arjefm-1157	71	1	2.1	2.1	NUM
arjefm-1157	71	2	theoretical	theoretical	ADJ
arjefm-1157	71	3	literature	literature	NOUN
arjefm-1157	71	4	factors	factor	NOUN
arjefm-1157	71	5	affecting	affect	VERB
arjefm-1157	71	6	capital	capital	NOUN
arjefm-1157	71	7	flows	flow	NOUN
arjefm-1157	71	8	in	in	ADP
arjefm-1157	71	9	any	any	DET
arjefm-1157	71	10	economy	economy	NOUN
arjefm-1157	71	11	have	have	AUX
arjefm-1157	71	12	been	be	AUX
arjefm-1157	71	13	broadly	broadly	ADV
arjefm-1157	71	14	evaluated	evaluate	VERB
arjefm-1157	71	15	by	by	ADP
arjefm-1157	71	16	many	many	ADJ
arjefm-1157	71	17	studies	study	NOUN
arjefm-1157	71	18	like	like	VERB
arjefm-1157	71	19	:	:	PUNCT
arjefm-1157	71	20	ekpo	ekpo	NOUN
arjefm-1157	71	21	(	(	PUNCT
arjefm-1157	71	22	1997	1997	NUM
arjefm-1157	71	23	)	)	PUNCT
arjefm-1157	71	24	when	when	SCONJ
arjefm-1157	71	25	he	he	PRON
arjefm-1157	71	26	verified	verify	VERB
arjefm-1157	71	27	the	the	DET
arjefm-1157	71	28	determinants	determinant	NOUN
arjefm-1157	71	29	of	of	ADP
arjefm-1157	71	30	foreign	foreign	ADJ
arjefm-1157	71	31	direct	direct	ADJ
arjefm-1157	71	32	investment	investment	NOUN
arjefm-1157	71	33	in	in	ADP
arjefm-1157	71	34	nigeria	nigeria	PROPN
arjefm-1157	71	35	and	and	CCONJ
arjefm-1157	71	36	found	find	VERB
arjefm-1157	71	37	out	out	ADP
arjefm-1157	71	38	that	that	SCONJ
arjefm-1157	71	39	inflation	inflation	NOUN
arjefm-1157	71	40	rate	rate	NOUN
arjefm-1157	71	41	,	,	PUNCT
arjefm-1157	71	42	government	government	NOUN
arjefm-1157	71	43	policies	policy	NOUN
arjefm-1157	71	44	and	and	CCONJ
arjefm-1157	71	45	market	market	NOUN
arjefm-1157	71	46	players	player	NOUN
arjefm-1157	71	47	have	have	AUX
arjefm-1157	71	48	actually	actually	ADV
arjefm-1157	71	49	affected	affect	VERB
arjefm-1157	71	50	foreign	foreign	ADJ
arjefm-1157	71	51	direct	direct	ADJ
arjefm-1157	71	52	investment	investment	NOUN
arjefm-1157	71	53	.	.	PUNCT
arjefm-1157	72	1	in	in	ADP
arjefm-1157	72	2	another	another	DET
arjefm-1157	72	3	literature	literature	NOUN
arjefm-1157	72	4	by	by	ADP
arjefm-1157	72	5	hau	hau	PROPN
arjefm-1157	72	6	,	,	PUNCT
arjefm-1157	72	7	and	and	CCONJ
arjefm-1157	72	8	rey	rey	PROPN
arjefm-1157	72	9	,	,	PUNCT
arjefm-1157	72	10	(	(	PUNCT
arjefm-1157	72	11	2006	2006	NUM
arjefm-1157	72	12	)	)	PUNCT
arjefm-1157	72	13	when	when	SCONJ
arjefm-1157	72	14	they	they	PRON
arjefm-1157	72	15	reviewed	review	VERB
arjefm-1157	72	16	how	how	SCONJ
arjefm-1157	72	17	exchange	exchange	NOUN
arjefm-1157	72	18	rates	rate	NOUN
arjefm-1157	72	19	and	and	CCONJ
arjefm-1157	72	20	equity	equity	NOUN
arjefm-1157	72	21	prices	price	NOUN
arjefm-1157	72	22	have	have	AUX
arjefm-1157	72	23	affected	affect	VERB
arjefm-1157	72	24	capital	capital	NOUN
arjefm-1157	72	25	flows	flow	NOUN
arjefm-1157	72	26	.	.	PUNCT
arjefm-1157	73	1	they	they	PRON
arjefm-1157	73	2	found	find	VERB
arjefm-1157	73	3	out	out	ADP
arjefm-1157	73	4	that	that	SCONJ
arjefm-1157	73	5	exchange	exchange	NOUN
arjefm-1157	73	6	rate	rate	NOUN
arjefm-1157	73	7	and	and	CCONJ
arjefm-1157	73	8	equity	equity	NOUN
arjefm-1157	73	9	price	price	NOUN
arjefm-1157	73	10	have	have	VERB
arjefm-1157	73	11	significant	significant	ADJ
arjefm-1157	73	12	effect	effect	NOUN
arjefm-1157	73	13	on	on	ADP
arjefm-1157	73	14	foreign	foreign	ADJ
arjefm-1157	73	15	direct	direct	ADJ
arjefm-1157	73	16	investment	investment	NOUN
arjefm-1157	73	17	.	.	PUNCT
arjefm-1157	74	1	calvo	calvo	PROPN
arjefm-1157	74	2	,	,	PUNCT
arjefm-1157	74	3	leiderman	leiderman	NOUN
arjefm-1157	74	4	and	and	CCONJ
arjefm-1157	74	5	reinhart	reinhart	PROPN
arjefm-1157	74	6	(	(	PUNCT
arjefm-1157	74	7	1993	1993	NUM
arjefm-1157	74	8	)	)	PUNCT
arjefm-1157	74	9	in	in	ADP
arjefm-1157	74	10	their	their	PRON
arjefm-1157	74	11	study	study	NOUN
arjefm-1157	74	12	examined	examine	VERB
arjefm-1157	74	13	the	the	DET
arjefm-1157	74	14	determinants	determinant	NOUN
arjefm-1157	74	15	of	of	ADP
arjefm-1157	74	16	capital	capital	NOUN
arjefm-1157	74	17	flows	flow	NOUN
arjefm-1157	74	18	from	from	ADP
arjefm-1157	74	19	developed	develop	VERB
arjefm-1157	74	20	countries	country	NOUN
arjefm-1157	74	21	to	to	ADP
arjefm-1157	74	22	developing	develop	VERB
arjefm-1157	74	23	and	and	CCONJ
arjefm-1157	74	24	emerging	emerge	VERB
arjefm-1157	74	25	market	market	NOUN
arjefm-1157	74	26	economies	economy	NOUN
arjefm-1157	74	27	in	in	ADP
arjefm-1157	74	28	the	the	DET
arjefm-1157	74	29	context	context	NOUN
arjefm-1157	74	30	of	of	ADP
arjefm-1157	74	31	push	push	NOUN
arjefm-1157	74	32	and	and	CCONJ
arjefm-1157	74	33	pull	pull	VERB
arjefm-1157	74	34	factors	factor	NOUN
arjefm-1157	74	35	found	find	VERB
arjefm-1157	74	36	out	out	ADP
arjefm-1157	74	37	both	both	CCONJ
arjefm-1157	74	38	positive	positive	ADJ
arjefm-1157	74	39	and	and	CCONJ
arjefm-1157	74	40	negative	negative	ADJ
arjefm-1157	74	41	contributions	contribution	NOUN
arjefm-1157	74	42	to	to	ADP
arjefm-1157	74	43	fdi	fdi	PROPN
arjefm-1157	74	44	.	.	PUNCT
arjefm-1157	75	1	again	again	ADV
arjefm-1157	75	2	,	,	PUNCT
arjefm-1157	75	3	according	accord	VERB
arjefm-1157	75	4	to	to	ADP
arjefm-1157	75	5	theories	theory	NOUN
arjefm-1157	75	6	of	of	ADP
arjefm-1157	75	7	imperfect	imperfect	ADJ
arjefm-1157	75	8	competition	competition	NOUN
arjefm-1157	75	9	and	and	CCONJ
arjefm-1157	75	10	market	market	NOUN
arjefm-1157	75	11	failure	failure	NOUN
arjefm-1157	75	12	by	by	ADP
arjefm-1157	75	13	dunning	dun	VERB
arjefm-1157	75	14	's	's	PART
arjefm-1157	75	15	(	(	PUNCT
arjefm-1157	75	16	1979	1979	NUM
arjefm-1157	75	17	)	)	PUNCT
arjefm-1157	75	18	using	use	VERB
arjefm-1157	75	19	"	"	PUNCT
arjefm-1157	75	20	eclectic	eclectic	ADJ
arjefm-1157	75	21	approach	approach	NOUN
arjefm-1157	75	22	"	"	PUNCT
arjefm-1157	75	23	.	.	PUNCT
arjefm-1157	76	1	the	the	DET
arjefm-1157	76	2	approach	approach	NOUN
arjefm-1157	76	3	aimed	aim	VERB
arjefm-1157	76	4	at	at	ADP
arjefm-1157	76	5	explaining	explain	VERB
arjefm-1157	76	6	the	the	DET
arjefm-1157	76	7	reasons	reason	NOUN
arjefm-1157	76	8	for	for	ADP
arjefm-1157	76	9	transnational	transnational	ADJ
arjefm-1157	76	10	production	production	NOUN
arjefm-1157	76	11	,	,	PUNCT
arjefm-1157	76	12	and	and	CCONJ
arjefm-1157	76	13	thus	thus	ADV
arjefm-1157	76	14	capital	capital	NOUN
arjefm-1157	76	15	flows	flow	NOUN
arjefm-1157	76	16	as	as	SCONJ
arjefm-1157	76	17	it	it	PRON
arjefm-1157	76	18	related	relate	VERB
arjefm-1157	76	19	to	to	ADP
arjefm-1157	76	20	the	the	DET
arjefm-1157	76	21	ownership	ownership	NOUN
arjefm-1157	76	22	merits	merit	NOUN
arjefm-1157	76	23	of	of	ADP
arjefm-1157	76	24	multinational	multinational	ADJ
arjefm-1157	76	25	firms	firm	NOUN
arjefm-1157	76	26	.	.	PUNCT
arjefm-1157	77	1	the	the	DET
arjefm-1157	77	2	devise	devise	NOUN
arjefm-1157	77	3	to	to	PART
arjefm-1157	77	4	"	"	PUNCT
arjefm-1157	77	5	internalize	internalize	VERB
arjefm-1157	77	6	"	"	PUNCT
arjefm-1157	77	7	merits	merit	NOUN
arjefm-1157	77	8	,	,	PUNCT
arjefm-1157	77	9	and	and	CCONJ
arjefm-1157	77	10	the	the	DET
arjefm-1157	77	11	locational	locational	ADJ
arjefm-1157	77	12	merits	merit	NOUN
arjefm-1157	77	13	of	of	ADP
arjefm-1157	77	14	the	the	DET
arjefm-1157	77	15	recipient	recipient	NOUN
arjefm-1157	77	16	countries	country	NOUN
arjefm-1157	77	17	mostly	mostly	ADV
arjefm-1157	77	18	the	the	DET
arjefm-1157	77	19	ldcs	ldc	NOUN
arjefm-1157	77	20	from	from	ADP
arjefm-1157	77	21	international	international	ADJ
arjefm-1157	77	22	flow	flow	NOUN
arjefm-1157	77	23	of	of	ADP
arjefm-1157	77	24	capital	capital	NOUN
arjefm-1157	77	25	was	be	AUX
arjefm-1157	77	26	assessed	assess	VERB
arjefm-1157	77	27	and	and	CCONJ
arjefm-1157	77	28	found	find	VERB
arjefm-1157	77	29	out	out	ADP
arjefm-1157	77	30	to	to	PART
arjefm-1157	77	31	favour	favour	VERB
arjefm-1157	77	32	mostly	mostly	ADV
arjefm-1157	77	33	the	the	DET
arjefm-1157	77	34	developed	develop	VERB
arjefm-1157	77	35	nations	nation	NOUN
arjefm-1157	77	36	of	of	ADP
arjefm-1157	77	37	the	the	DET
arjefm-1157	77	38	world	world	NOUN
arjefm-1157	77	39	,	,	PUNCT
arjefm-1157	77	40	(	(	PUNCT
arjefm-1157	77	41	saviour	saviour	NOUN
arjefm-1157	77	42	,	,	PUNCT
arjefm-1157	77	43	2022	2022	NUM
arjefm-1157	77	44	)	)	PUNCT
arjefm-1157	77	45	.	.	PUNCT
arjefm-1157	78	1	the	the	DET
arjefm-1157	78	2	american	american	PROPN
arjefm-1157	78	3	research	research	PROPN
arjefm-1157	78	4	journal	journal	PROPN
arjefm-1157	78	5	of	of	ADP
arjefm-1157	78	6	economics	economic	NOUN
arjefm-1157	78	7	,	,	PUNCT
arjefm-1157	78	8	finance	finance	NOUN
arjefm-1157	78	9	and	and	CCONJ
arjefm-1157	78	10	management	management	NOUN
arjefm-1157	78	11	volume	volume	NOUN
arjefm-1157	78	12	13	13	NUM
arjefm-1157	78	13	issue	issue	NOUN
arjefm-1157	78	14	1	1	NUM
arjefm-1157	78	15	,	,	PUNCT
arjefm-1157	78	16	january	january	PROPN
arjefm-1157	78	17	-	-	PUNCT
arjefm-1157	78	18	march	march	PROPN
arjefm-1157	78	19	2025	2025	NUM
arjefm-1157	78	20	issn	issn	NOUN
arjefm-1157	78	21	:	:	PUNCT
arjefm-1157	78	22	2836	2836	NUM
arjefm-1157	78	23	-	-	SYM
arjefm-1157	78	24	9416	9416	NUM
arjefm-1157	78	25	impact	impact	NOUN
arjefm-1157	78	26	factor	factor	NOUN
arjefm-1157	78	27	:	:	PUNCT
arjefm-1157	78	28	6.41	6.41	NUM
arjefm-1157	78	29	journal	journal	NOUN
arjefm-1157	78	30	homepage	homepage	NOUN
arjefm-1157	78	31	:	:	PUNCT
arjefm-1157	78	32	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	78	33	,	,	PUNCT
arjefm-1157	78	34	email	email	NOUN
arjefm-1157	78	35	:	:	PUNCT
arjefm-1157	78	36	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	78	37	official	official	ADJ
arjefm-1157	78	38	journal	journal	PROPN
arjefm-1157	78	39	of	of	ADP
arjefm-1157	78	40	america	america	PROPN
arjefm-1157	78	41	serial	serial	PROPN
arjefm-1157	78	42	publication	publication	NOUN
arjefm-1157	78	43	american	american	PROPN
arjefm-1157	78	44	research	research	PROPN
arjefm-1157	78	45	journal	journal	PROPN
arjefm-1157	78	46	of	of	ADP
arjefm-1157	78	47	economics	economic	NOUN
arjefm-1157	78	48	,	,	PUNCT
arjefm-1157	78	49	finance	finance	NOUN
arjefm-1157	78	50	and	and	CCONJ
arjefm-1157	78	51	management	management	NOUN
arjefm-1157	78	52	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	78	53	,	,	PUNCT
arjefm-1157	78	54	email	email	NOUN
arjefm-1157	78	55	:	:	PUNCT
arjefm-1157	78	56	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	79	1	65	65	NUM
arjefm-1157	80	1	|	|	ADV
arjefm-1157	80	2	p	p	X
arjefm-1157	80	3	a	a	DET
arjefm-1157	80	4	g	g	PROPN
arjefm-1157	80	5	e	e	PROPN
arjefm-1157	80	6	standard	standard	PROPN
arjefm-1157	80	7	portfolio	portfolio	NOUN
arjefm-1157	80	8	theory	theory	NOUN
arjefm-1157	80	9	by	by	ADP
arjefm-1157	80	10	bleaney	bleaney	PROPN
arjefm-1157	80	11	,	,	PUNCT
arjefm-1157	80	12	mizen	mizen	NOUN
arjefm-1157	80	13	and	and	CCONJ
arjefm-1157	80	14	senatla	senatla	NOUN
arjefm-1157	80	15	,	,	PUNCT
arjefm-1157	80	16	1999	1999	NUM
arjefm-1157	80	17	;	;	PUNCT
arjefm-1157	80	18	and	and	CCONJ
arjefm-1157	80	19	devereux	devereux	PROPN
arjefm-1157	80	20	,	,	PUNCT
arjefm-1157	80	21	2006	2006	NUM
arjefm-1157	80	22	suggested	suggest	VERB
arjefm-1157	80	23	that	that	SCONJ
arjefm-1157	80	24	agents	agent	NOUN
arjefm-1157	80	25	should	should	AUX
arjefm-1157	80	26	allot	allot	VERB
arjefm-1157	80	27	their	their	PRON
arjefm-1157	80	28	asset	asset	NOUN
arjefm-1157	80	29	holdings	holding	NOUN
arjefm-1157	80	30	according	accord	VERB
arjefm-1157	80	31	to	to	ADP
arjefm-1157	80	32	their	their	PRON
arjefm-1157	80	33	preferred	prefer	VERB
arjefm-1157	80	34	trade	trade	NOUN
arjefm-1157	80	35	-	-	PUNCT
arjefm-1157	80	36	off	off	NOUN
arjefm-1157	80	37	between	between	ADP
arjefm-1157	80	38	risk	risk	NOUN
arjefm-1157	80	39	and	and	CCONJ
arjefm-1157	80	40	expected	expect	VERB
arjefm-1157	80	41	return	return	NOUN
arjefm-1157	80	42	in	in	ADP
arjefm-1157	80	43	any	any	DET
arjefm-1157	80	44	investment	investment	NOUN
arjefm-1157	80	45	.	.	PUNCT
arjefm-1157	81	1	there	there	PRON
arjefm-1157	81	2	are	be	VERB
arjefm-1157	81	3	several	several	ADJ
arjefm-1157	81	4	economic	economic	ADJ
arjefm-1157	81	5	theories	theory	NOUN
arjefm-1157	81	6	concerning	concern	VERB
arjefm-1157	81	7	foreign	foreign	ADJ
arjefm-1157	81	8	direct	direct	ADJ
arjefm-1157	81	9	investment	investment	NOUN
arjefm-1157	81	10	.	.	PUNCT
arjefm-1157	82	1	among	among	ADP
arjefm-1157	82	2	them	they	PRON
arjefm-1157	82	3	are	be	AUX
arjefm-1157	82	4	:	:	PUNCT
arjefm-1157	82	5	two	two	NUM
arjefm-1157	82	6	gap	gap	NOUN
arjefm-1157	82	7	model	model	NOUN
arjefm-1157	82	8	,	,	PUNCT
arjefm-1157	82	9	overshooting	overshoot	VERB
arjefm-1157	82	10	exchange	exchange	NOUN
arjefm-1157	82	11	rate	rate	NOUN
arjefm-1157	82	12	theory	theory	NOUN
arjefm-1157	82	13	,	,	PUNCT
arjefm-1157	82	14	production	production	NOUN
arjefm-1157	82	15	flexibility	flexibility	NOUN
arjefm-1157	82	16	and	and	CCONJ
arjefm-1157	82	17	risk	risk	NOUN
arjefm-1157	82	18	version	version	NOUN
arjefm-1157	82	19	hypothesis	hypothesis	NOUN
arjefm-1157	82	20	,	,	PUNCT
arjefm-1157	82	21	and	and	CCONJ
arjefm-1157	82	22	the	the	DET
arjefm-1157	82	23	neo	neo	ADJ
arjefm-1157	82	24	-	-	ADJ
arjefm-1157	82	25	classical	classical	ADJ
arjefm-1157	82	26	theory	theory	NOUN
arjefm-1157	82	27	to	to	PART
arjefm-1157	82	28	mention	mention	VERB
arjefm-1157	82	29	but	but	CCONJ
arjefm-1157	82	30	a	a	DET
arjefm-1157	82	31	few	few	ADJ
arjefm-1157	82	32	.	.	PUNCT
arjefm-1157	83	1	2.1.1	2.1.1	NUM
arjefm-1157	83	2	two	two	NUM
arjefm-1157	83	3	gaps	gap	NOUN
arjefm-1157	83	4	model	model	VERB
arjefm-1157	83	5	the	the	DET
arjefm-1157	83	6	two	two	NUM
arjefm-1157	83	7	gaps	gap	NOUN
arjefm-1157	83	8	model	model	NOUN
arjefm-1157	83	9	also	also	ADV
arjefm-1157	83	10	known	know	VERB
arjefm-1157	83	11	as	as	ADP
arjefm-1157	83	12	investment	investment	NOUN
arjefm-1157	83	13	theory	theory	NOUN
arjefm-1157	83	14	,	,	PUNCT
arjefm-1157	83	15	argued	argue	VERB
arjefm-1157	83	16	that	that	SCONJ
arjefm-1157	83	17	there	there	PRON
arjefm-1157	83	18	are	be	VERB
arjefm-1157	83	19	two	two	NUM
arjefm-1157	83	20	gaps	gap	NOUN
arjefm-1157	83	21	that	that	PRON
arjefm-1157	83	22	must	must	AUX
arjefm-1157	83	23	be	be	AUX
arjefm-1157	83	24	closed	close	VERB
arjefm-1157	83	25	for	for	SCONJ
arjefm-1157	83	26	developing	develop	VERB
arjefm-1157	83	27	countries	country	NOUN
arjefm-1157	83	28	to	to	PART
arjefm-1157	83	29	develop	develop	VERB
arjefm-1157	83	30	and	and	CCONJ
arjefm-1157	83	31	this	this	PRON
arjefm-1157	83	32	according	accord	VERB
arjefm-1157	83	33	to	to	ADP
arjefm-1157	83	34	the	the	DET
arjefm-1157	83	35	theory	theory	NOUN
arjefm-1157	83	36	are	be	AUX
arjefm-1157	83	37	the	the	DET
arjefm-1157	83	38	disparity	disparity	NOUN
arjefm-1157	83	39	between	between	ADP
arjefm-1157	83	40	domestic	domestic	ADJ
arjefm-1157	83	41	savings	saving	NOUN
arjefm-1157	83	42	and	and	CCONJ
arjefm-1157	83	43	the	the	DET
arjefm-1157	83	44	capital	capital	NOUN
arjefm-1157	83	45	outlay	outlay	NOUN
arjefm-1157	83	46	required	require	VERB
arjefm-1157	83	47	for	for	ADP
arjefm-1157	83	48	take	take	VERB
arjefm-1157	83	49	-	-	PUNCT
arjefm-1157	83	50	off	off	NOUN
arjefm-1157	83	51	,	,	PUNCT
arjefm-1157	83	52	and	and	CCONJ
arjefm-1157	83	53	the	the	DET
arjefm-1157	83	54	difference	difference	NOUN
arjefm-1157	83	55	between	between	ADP
arjefm-1157	83	56	export	export	NOUN
arjefm-1157	83	57	earnings	earning	NOUN
arjefm-1157	83	58	and	and	CCONJ
arjefm-1157	83	59	the	the	DET
arjefm-1157	83	60	imports	import	NOUN
arjefm-1157	83	61	requisite	requisite	ADJ
arjefm-1157	83	62	for	for	ADP
arjefm-1157	83	63	growth	growth	NOUN
arjefm-1157	83	64	.	.	PUNCT
arjefm-1157	84	1	the	the	DET
arjefm-1157	84	2	theory	theory	NOUN
arjefm-1157	84	3	sued	sue	VERB
arjefm-1157	84	4	that	that	SCONJ
arjefm-1157	84	5	developing	develop	VERB
arjefm-1157	84	6	countries	country	NOUN
arjefm-1157	84	7	should	should	AUX
arjefm-1157	84	8	search	search	VERB
arjefm-1157	84	9	for	for	ADP
arjefm-1157	84	10	foreign	foreign	ADJ
arjefm-1157	84	11	investment	investment	NOUN
arjefm-1157	84	12	that	that	PRON
arjefm-1157	84	13	will	will	AUX
arjefm-1157	84	14	boost	boost	VERB
arjefm-1157	84	15	growth	growth	NOUN
arjefm-1157	84	16	since	since	SCONJ
arjefm-1157	84	17	they	they	PRON
arjefm-1157	84	18	have	have	VERB
arjefm-1157	84	19	inadequate	inadequate	ADJ
arjefm-1157	84	20	saving	saving	NOUN
arjefm-1157	84	21	capacities	capacity	NOUN
arjefm-1157	84	22	.	.	PUNCT
arjefm-1157	85	1	2.1.2	2.1.2	NUM
arjefm-1157	85	2	overshooting	overshooting	NOUN
arjefm-1157	85	3	of	of	ADP
arjefm-1157	85	4	exchange	exchange	NOUN
arjefm-1157	85	5	rates	rate	NOUN
arjefm-1157	85	6	theory	theory	VERB
arjefm-1157	85	7	the	the	DET
arjefm-1157	85	8	overshooting	overshooting	NOUN
arjefm-1157	85	9	of	of	ADP
arjefm-1157	85	10	exchange	exchange	NOUN
arjefm-1157	85	11	rates	rate	NOUN
arjefm-1157	85	12	theory	theory	NOUN
arjefm-1157	85	13	also	also	ADV
arjefm-1157	85	14	known	know	VERB
arjefm-1157	85	15	as	as	ADP
arjefm-1157	85	16	the	the	DET
arjefm-1157	85	17	sticky	sticky	ADJ
arjefm-1157	85	18	-	-	PUNCT
arjefm-1157	85	19	price	price	NOUN
arjefm-1157	85	20	monetary	monetary	ADJ
arjefm-1157	85	21	model	model	NOUN
arjefm-1157	85	22	,	,	PUNCT
arjefm-1157	85	23	was	be	AUX
arjefm-1157	85	24	put	put	VERB
arjefm-1157	85	25	forward	forward	ADV
arjefm-1157	85	26	by	by	ADP
arjefm-1157	85	27	dornbush	dornbush	NOUN
arjefm-1157	85	28	in	in	ADP
arjefm-1157	85	29	1976	1976	NUM
arjefm-1157	85	30	.	.	PUNCT
arjefm-1157	86	1	the	the	DET
arjefm-1157	86	2	theory	theory	NOUN
arjefm-1157	86	3	provided	provide	VERB
arjefm-1157	86	4	an	an	DET
arjefm-1157	86	5	animated	animate	VERB
arjefm-1157	86	6	retort	retort	NOUN
arjefm-1157	86	7	to	to	ADP
arjefm-1157	86	8	the	the	DET
arjefm-1157	86	9	exchange	exchange	NOUN
arjefm-1157	86	10	rate	rate	NOUN
arjefm-1157	86	11	instability	instability	NOUN
arjefm-1157	86	12	observed	observe	VERB
arjefm-1157	86	13	among	among	ADP
arjefm-1157	86	14	less	less	ADJ
arjefm-1157	86	15	developed	develop	VERB
arjefm-1157	86	16	countries	country	NOUN
arjefm-1157	86	17	.	.	PUNCT
arjefm-1157	87	1	this	this	DET
arjefm-1157	87	2	trend	trend	NOUN
arjefm-1157	87	3	according	accord	VERB
arjefm-1157	87	4	to	to	ADP
arjefm-1157	87	5	the	the	DET
arjefm-1157	87	6	theory	theory	NOUN
arjefm-1157	87	7	proved	prove	VERB
arjefm-1157	87	8	that	that	SCONJ
arjefm-1157	87	9	such	such	ADJ
arjefm-1157	87	10	instability	instability	NOUN
arjefm-1157	87	11	appears	appear	VERB
arjefm-1157	87	12	to	to	PART
arjefm-1157	87	13	be	be	AUX
arjefm-1157	87	14	uniform	uniform	ADJ
arjefm-1157	87	15	with	with	ADP
arjefm-1157	87	16	the	the	DET
arjefm-1157	87	17	evolution	evolution	NOUN
arjefm-1157	87	18	of	of	ADP
arjefm-1157	87	19	rational	rational	ADJ
arjefm-1157	87	20	expectation	expectation	NOUN
arjefm-1157	87	21	hypothesis	hypothesis	NOUN
arjefm-1157	87	22	.	.	PUNCT
arjefm-1157	88	1	the	the	DET
arjefm-1157	88	2	theory	theory	NOUN
arjefm-1157	88	3	also	also	ADV
arjefm-1157	88	4	assumes	assume	VERB
arjefm-1157	88	5	that	that	SCONJ
arjefm-1157	88	6	price	price	NOUN
arjefm-1157	88	7	levels	level	NOUN
arjefm-1157	88	8	would	would	AUX
arjefm-1157	88	9	react	react	VERB
arjefm-1157	88	10	to	to	ADP
arjefm-1157	88	11	these	these	DET
arjefm-1157	88	12	instabilities	instability	NOUN
arjefm-1157	88	13	over	over	ADP
arjefm-1157	88	14	time	time	NOUN
arjefm-1157	88	15	rather	rather	ADV
arjefm-1157	88	16	than	than	ADP
arjefm-1157	88	17	immediately	immediately	ADV
arjefm-1157	88	18	adjusting	adjust	VERB
arjefm-1157	88	19	to	to	ADP
arjefm-1157	88	20	short	short	ADJ
arjefm-1157	88	21	-	-	PUNCT
arjefm-1157	88	22	term	term	NOUN
arjefm-1157	88	23	changes	change	NOUN
arjefm-1157	88	24	in	in	ADP
arjefm-1157	88	25	equilibrium	equilibrium	NOUN
arjefm-1157	88	26	level	level	NOUN
arjefm-1157	88	27	.	.	PUNCT
arjefm-1157	89	1	in	in	ADP
arjefm-1157	89	2	addition	addition	NOUN
arjefm-1157	89	3	,	,	PUNCT
arjefm-1157	89	4	the	the	DET
arjefm-1157	89	5	theory	theory	NOUN
arjefm-1157	89	6	also	also	ADV
arjefm-1157	89	7	assumed	assume	VERB
arjefm-1157	89	8	that	that	SCONJ
arjefm-1157	89	9	price	price	NOUN
arjefm-1157	89	10	stickiness	stickiness	NOUN
arjefm-1157	89	11	is	be	AUX
arjefm-1157	89	12	compensated	compensate	VERB
arjefm-1157	89	13	for	for	ADP
arjefm-1157	89	14	by	by	ADP
arjefm-1157	89	15	lags	lag	NOUN
arjefm-1157	89	16	in	in	ADP
arjefm-1157	89	17	economic	economic	ADJ
arjefm-1157	89	18	time	time	NOUN
arjefm-1157	89	19	-	-	PUNCT
arjefm-1157	89	20	series	series	NOUN
arjefm-1157	89	21	data	datum	NOUN
arjefm-1157	89	22	,	,	PUNCT
arjefm-1157	89	23	including	include	VERB
arjefm-1157	89	24	rates	rate	NOUN
arjefm-1157	89	25	of	of	ADP
arjefm-1157	89	26	interest	interest	NOUN
arjefm-1157	89	27	and	and	CCONJ
arjefm-1157	89	28	exchange	exchange	NOUN
arjefm-1157	89	29	rates	rate	NOUN
arjefm-1157	89	30	of	of	ADP
arjefm-1157	89	31	nations	nation	NOUN
arjefm-1157	89	32	.	.	PUNCT
arjefm-1157	90	1	considering	consider	VERB
arjefm-1157	90	2	this	this	PRON
arjefm-1157	90	3	,	,	PUNCT
arjefm-1157	90	4	the	the	DET
arjefm-1157	90	5	sticky	sticky	ADJ
arjefm-1157	90	6	-	-	PUNCT
arjefm-1157	90	7	price	price	NOUN
arjefm-1157	90	8	economic	economic	ADJ
arjefm-1157	90	9	model	model	NOUN
arjefm-1157	90	10	permits	permit	VERB
arjefm-1157	90	11	the	the	DET
arjefm-1157	90	12	short	short	ADJ
arjefm-1157	90	13	-	-	PUNCT
arjefm-1157	90	14	run	run	NOUN
arjefm-1157	90	15	fluctuation	fluctuation	NOUN
arjefm-1157	90	16	of	of	ADP
arjefm-1157	90	17	nominal	nominal	ADJ
arjefm-1157	90	18	currency	currency	NOUN
arjefm-1157	90	19	rates	rate	NOUN
arjefm-1157	90	20	over	over	ADP
arjefm-1157	90	21	their	their	PRON
arjefm-1157	90	22	long	long	ADJ
arjefm-1157	90	23	-	-	PUNCT
arjefm-1157	90	24	term	term	NOUN
arjefm-1157	90	25	equilibrium	equilibrium	NOUN
arjefm-1157	90	26	point	point	NOUN
arjefm-1157	90	27	in	in	ADP
arjefm-1157	90	28	the	the	DET
arjefm-1157	90	29	domestic	domestic	ADJ
arjefm-1157	90	30	economy	economy	NOUN
arjefm-1157	90	31	.	.	PUNCT
arjefm-1157	91	1	2.1.3	2.1.3	NUM
arjefm-1157	91	2	production	production	NOUN
arjefm-1157	91	3	flexibility	flexibility	NOUN
arjefm-1157	91	4	and	and	CCONJ
arjefm-1157	91	5	risk	risk	NOUN
arjefm-1157	91	6	aversion	aversion	NOUN
arjefm-1157	91	7	hypothesis	hypothesis	NOUN
arjefm-1157	91	8	this	this	DET
arjefm-1157	91	9	hypothesis	hypothesis	NOUN
arjefm-1157	91	10	had	have	AUX
arjefm-1157	91	11	argued	argue	VERB
arjefm-1157	91	12	,	,	PUNCT
arjefm-1157	91	13	that	that	SCONJ
arjefm-1157	91	14	for	for	ADP
arjefm-1157	91	15	the	the	DET
arjefm-1157	91	16	reason	reason	NOUN
arjefm-1157	91	17	that	that	SCONJ
arjefm-1157	91	18	businesses	business	NOUN
arjefm-1157	91	19	can	can	AUX
arjefm-1157	91	20	adjust	adjust	VERB
arjefm-1157	91	21	the	the	DET
arjefm-1157	91	22	use	use	NOUN
arjefm-1157	91	23	of	of	ADP
arjefm-1157	91	24	one	one	NUM
arjefm-1157	91	25	of	of	ADP
arjefm-1157	91	26	numerous	numerous	ADJ
arjefm-1157	91	27	variable	variable	ADJ
arjefm-1157	91	28	factors	factor	NOUN
arjefm-1157	91	29	in	in	ADP
arjefm-1157	91	30	response	response	NOUN
arjefm-1157	91	31	to	to	ADP
arjefm-1157	91	32	nominal	nominal	ADJ
arjefm-1157	91	33	or	or	CCONJ
arjefm-1157	91	34	real	real	ADJ
arjefm-1157	91	35	disturbances	disturbance	NOUN
arjefm-1157	91	36	,	,	PUNCT
arjefm-1157	91	37	advocates	advocate	NOUN
arjefm-1157	91	38	of	of	ADP
arjefm-1157	91	39	production	production	NOUN
arjefm-1157	91	40	flexibility	flexibility	NOUN
arjefm-1157	91	41	maintain	maintain	VERB
arjefm-1157	91	42	that	that	SCONJ
arjefm-1157	91	43	exchange	exchange	NOUN
arjefm-1157	91	44	rate	rate	NOUN
arjefm-1157	91	45	instability	instability	NOUN
arjefm-1157	91	46	excites	excite	VERB
arjefm-1157	91	47	foreign	foreign	ADJ
arjefm-1157	91	48	investment	investment	NOUN
arjefm-1157	91	49	in	in	ADP
arjefm-1157	91	50	the	the	DET
arjefm-1157	91	51	domestic	domestic	ADJ
arjefm-1157	91	52	economy	economy	NOUN
arjefm-1157	91	53	.	.	PUNCT
arjefm-1157	92	1	the	the	DET
arjefm-1157	92	2	american	american	PROPN
arjefm-1157	92	3	research	research	PROPN
arjefm-1157	92	4	journal	journal	PROPN
arjefm-1157	92	5	of	of	ADP
arjefm-1157	92	6	economics	economic	NOUN
arjefm-1157	92	7	,	,	PUNCT
arjefm-1157	92	8	finance	finance	NOUN
arjefm-1157	92	9	and	and	CCONJ
arjefm-1157	92	10	management	management	NOUN
arjefm-1157	92	11	volume	volume	NOUN
arjefm-1157	92	12	13	13	NUM
arjefm-1157	92	13	issue	issue	NOUN
arjefm-1157	92	14	1	1	NUM
arjefm-1157	92	15	,	,	PUNCT
arjefm-1157	92	16	january	january	PROPN
arjefm-1157	92	17	-	-	PUNCT
arjefm-1157	92	18	march	march	PROPN
arjefm-1157	92	19	2025	2025	NUM
arjefm-1157	92	20	issn	issn	NOUN
arjefm-1157	92	21	:	:	PUNCT
arjefm-1157	92	22	2836	2836	NUM
arjefm-1157	92	23	-	-	SYM
arjefm-1157	92	24	9416	9416	NUM
arjefm-1157	92	25	impact	impact	NOUN
arjefm-1157	92	26	factor	factor	NOUN
arjefm-1157	92	27	:	:	PUNCT
arjefm-1157	92	28	6.41	6.41	NUM
arjefm-1157	92	29	journal	journal	NOUN
arjefm-1157	92	30	homepage	homepage	NOUN
arjefm-1157	92	31	:	:	PUNCT
arjefm-1157	92	32	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	92	33	,	,	PUNCT
arjefm-1157	92	34	email	email	NOUN
arjefm-1157	92	35	:	:	PUNCT
arjefm-1157	92	36	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	92	37	official	official	ADJ
arjefm-1157	92	38	journal	journal	PROPN
arjefm-1157	92	39	of	of	ADP
arjefm-1157	92	40	america	america	PROPN
arjefm-1157	92	41	serial	serial	PROPN
arjefm-1157	92	42	publication	publication	NOUN
arjefm-1157	92	43	american	american	PROPN
arjefm-1157	92	44	research	research	PROPN
arjefm-1157	92	45	journal	journal	PROPN
arjefm-1157	92	46	of	of	ADP
arjefm-1157	92	47	economics	economic	NOUN
arjefm-1157	92	48	,	,	PUNCT
arjefm-1157	92	49	finance	finance	NOUN
arjefm-1157	92	50	and	and	CCONJ
arjefm-1157	92	51	management	management	NOUN
arjefm-1157	92	52	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	92	53	,	,	PUNCT
arjefm-1157	92	54	email	email	NOUN
arjefm-1157	92	55	:	:	PUNCT
arjefm-1157	92	56	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	93	1	66	66	NUM
arjefm-1157	94	1	|	|	ADV
arjefm-1157	94	2	p	p	X
arjefm-1157	94	3	a	a	DET
arjefm-1157	94	4	g	g	NOUN
arjefm-1157	94	5	e	e	NOUN
arjefm-1157	94	6	assumption	assumption	NOUN
arjefm-1157	94	7	about	about	ADP
arjefm-1157	94	8	this	this	DET
arjefm-1157	94	9	argument	argument	NOUN
arjefm-1157	94	10	is	be	AUX
arjefm-1157	94	11	that	that	SCONJ
arjefm-1157	94	12	,	,	PUNCT
arjefm-1157	94	13	it	it	PRON
arjefm-1157	94	14	may	may	AUX
arjefm-1157	94	15	not	not	PART
arjefm-1157	94	16	hold	hold	VERB
arjefm-1157	94	17	if	if	SCONJ
arjefm-1157	94	18	variables	variable	NOUN
arjefm-1157	94	19	were	be	AUX
arjefm-1157	94	20	static	static	ADJ
arjefm-1157	94	21	since	since	SCONJ
arjefm-1157	94	22	it	it	PRON
arjefm-1157	94	23	is	be	AUX
arjefm-1157	94	24	grounded	ground	VERB
arjefm-1157	94	25	on	on	ADP
arjefm-1157	94	26	the	the	DET
arjefm-1157	94	27	idea	idea	NOUN
arjefm-1157	94	28	that	that	SCONJ
arjefm-1157	94	29	businesses	business	NOUN
arjefm-1157	94	30	may	may	AUX
arjefm-1157	94	31	adjust	adjust	VERB
arjefm-1157	94	32	elements	element	NOUN
arjefm-1157	94	33	of	of	ADP
arjefm-1157	94	34	the	the	DET
arjefm-1157	94	35	variables	variable	NOUN
arjefm-1157	94	36	.	.	PUNCT
arjefm-1157	95	1	this	this	PRON
arjefm-1157	95	2	is	be	AUX
arjefm-1157	95	3	for	for	ADP
arjefm-1157	95	4	the	the	DET
arjefm-1157	95	5	reason	reason	NOUN
arjefm-1157	95	6	that	that	SCONJ
arjefm-1157	95	7	companies	company	NOUN
arjefm-1157	95	8	are	be	AUX
arjefm-1157	95	9	unlikely	unlikely	ADJ
arjefm-1157	95	10	to	to	PART
arjefm-1157	95	11	be	be	AUX
arjefm-1157	95	12	able	able	ADJ
arjefm-1157	95	13	to	to	PART
arjefm-1157	95	14	adjust	adjust	VERB
arjefm-1157	95	15	parameters	parameter	NOUN
arjefm-1157	95	16	in	in	ADP
arjefm-1157	95	17	the	the	DET
arjefm-1157	95	18	near	near	ADJ
arjefm-1157	95	19	term	term	NOUN
arjefm-1157	95	20	.	.	PUNCT
arjefm-1157	96	1	the	the	DET
arjefm-1157	96	2	hypothesis	hypothesis	NOUN
arjefm-1157	96	3	further	far	ADV
arjefm-1157	96	4	argued	argue	VERB
arjefm-1157	96	5	that	that	SCONJ
arjefm-1157	96	6	,	,	PUNCT
arjefm-1157	96	7	fdi	fdi	NOUN
arjefm-1157	96	8	declines	decline	VERB
arjefm-1157	96	9	when	when	SCONJ
arjefm-1157	96	10	exchange	exchange	NOUN
arjefm-1157	96	11	rate	rate	NOUN
arjefm-1157	96	12	instability	instability	NOUN
arjefm-1157	96	13	rises	rise	VERB
arjefm-1157	96	14	.	.	PUNCT
arjefm-1157	97	1	this	this	PRON
arjefm-1157	97	2	is	be	AUX
arjefm-1157	97	3	because	because	SCONJ
arjefm-1157	97	4	more	more	ADJ
arjefm-1157	97	5	instability	instability	NOUN
arjefm-1157	97	6	reduces	reduce	VERB
arjefm-1157	97	7	the	the	DET
arjefm-1157	97	8	predicted	predict	VERB
arjefm-1157	97	9	exchange	exchange	NOUN
arjefm-1157	97	10	rate	rate	NOUN
arjefm-1157	97	11	's	's	PART
arjefm-1157	97	12	inevitability	inevitability	NOUN
arjefm-1157	97	13	equivalent	equivalent	ADJ
arjefm-1157	97	14	.	.	PUNCT
arjefm-1157	98	1	the	the	DET
arjefm-1157	98	2	theory	theory	NOUN
arjefm-1157	98	3	pointed	point	VERB
arjefm-1157	98	4	out	out	ADP
arjefm-1157	98	5	that	that	SCONJ
arjefm-1157	98	6	,	,	PUNCT
arjefm-1157	98	7	certainty	certainty	ADJ
arjefm-1157	98	8	equivalent	equivalent	ADJ
arjefm-1157	98	9	levels	level	NOUN
arjefm-1157	98	10	are	be	AUX
arjefm-1157	98	11	used	use	VERB
arjefm-1157	98	12	in	in	ADP
arjefm-1157	98	13	the	the	DET
arjefm-1157	98	14	anticipated	anticipate	VERB
arjefm-1157	98	15	profit	profit	NOUN
arjefm-1157	98	16	functions	function	NOUN
arjefm-1157	98	17	of	of	ADP
arjefm-1157	98	18	firms	firm	NOUN
arjefm-1157	98	19	that	that	PRON
arjefm-1157	98	20	make	make	VERB
arjefm-1157	98	21	decisions	decision	NOUN
arjefm-1157	98	22	about	about	ADP
arjefm-1157	98	23	investments	investment	NOUN
arjefm-1157	98	24	so	so	SCONJ
arjefm-1157	98	25	as	as	SCONJ
arjefm-1157	98	26	to	to	PART
arjefm-1157	98	27	generate	generate	VERB
arjefm-1157	98	28	future	future	ADJ
arjefm-1157	98	29	returns	return	NOUN
arjefm-1157	98	30	.	.	PUNCT
arjefm-1157	99	1	2.1.4	2.1.4	NUM
arjefm-1157	99	2	the	the	DET
arjefm-1157	99	3	neoclassical	neoclassical	ADJ
arjefm-1157	99	4	investment	investment	NOUN
arjefm-1157	99	5	theory	theory	NOUN
arjefm-1157	99	6	the	the	DET
arjefm-1157	99	7	neoclassical	neoclassical	ADJ
arjefm-1157	99	8	investment	investment	NOUN
arjefm-1157	99	9	theory	theory	NOUN
arjefm-1157	99	10	had	have	VERB
arjefm-1157	99	11	in	in	ADP
arjefm-1157	99	12	their	their	PRON
arjefm-1157	99	13	argument	argument	NOUN
arjefm-1157	99	14	opined	opine	VERB
arjefm-1157	99	15	that	that	SCONJ
arjefm-1157	99	16	one	one	NUM
arjefm-1157	99	17	of	of	ADP
arjefm-1157	99	18	the	the	DET
arjefm-1157	99	19	ultimate	ultimate	ADJ
arjefm-1157	99	20	features	feature	NOUN
arjefm-1157	99	21	of	of	ADP
arjefm-1157	99	22	poorer	poor	ADJ
arjefm-1157	99	23	countries	country	NOUN
arjefm-1157	99	24	,	,	PUNCT
arjefm-1157	99	25	is	be	AUX
arjefm-1157	99	26	fact	fact	NOUN
arjefm-1157	99	27	that	that	SCONJ
arjefm-1157	99	28	their	their	PRON
arjefm-1157	99	29	labour	labour	NOUN
arjefm-1157	99	30	and	and	CCONJ
arjefm-1157	99	31	land	land	NOUN
arjefm-1157	99	32	resources	resource	NOUN
arjefm-1157	99	33	are	be	AUX
arjefm-1157	99	34	generally	generally	ADV
arjefm-1157	99	35	underused	underuse	VERB
arjefm-1157	99	36	this	this	DET
arjefm-1157	99	37	situation	situation	NOUN
arjefm-1157	99	38	,	,	PUNCT
arjefm-1157	99	39	according	accord	VERB
arjefm-1157	99	40	to	to	ADP
arjefm-1157	99	41	the	the	DET
arjefm-1157	99	42	theory	theory	NOUN
arjefm-1157	99	43	is	be	AUX
arjefm-1157	99	44	the	the	DET
arjefm-1157	99	45	cause	cause	NOUN
arjefm-1157	99	46	of	of	ADP
arjefm-1157	99	47	low	low	ADJ
arjefm-1157	99	48	savings	saving	NOUN
arjefm-1157	99	49	rates	rate	NOUN
arjefm-1157	99	50	among	among	ADP
arjefm-1157	99	51	the	the	DET
arjefm-1157	99	52	poor	poor	ADJ
arjefm-1157	99	53	countries	country	NOUN
arjefm-1157	99	54	of	of	ADP
arjefm-1157	99	55	the	the	DET
arjefm-1157	99	56	world	world	NOUN
arjefm-1157	99	57	.	.	PUNCT
arjefm-1157	100	1	thus	thus	ADV
arjefm-1157	100	2	,	,	PUNCT
arjefm-1157	100	3	their	their	PRON
arjefm-1157	100	4	capital	capital	NOUN
arjefm-1157	100	5	's	's	PART
arjefm-1157	100	6	productive	productive	ADJ
arjefm-1157	100	7	efficiency	efficiency	NOUN
arjefm-1157	100	8	been	be	AUX
arjefm-1157	100	9	lower	low	ADJ
arjefm-1157	100	10	than	than	ADP
arjefm-1157	100	11	that	that	PRON
arjefm-1157	100	12	of	of	ADP
arjefm-1157	100	13	manufacturing	manufacture	VERB
arjefm-1157	100	14	nations	nation	NOUN
arjefm-1157	100	15	.	.	PUNCT
arjefm-1157	101	1	this	this	DET
arjefm-1157	101	2	school	school	NOUN
arjefm-1157	101	3	of	of	ADP
arjefm-1157	101	4	thought	thought	NOUN
arjefm-1157	101	5	contends	contend	VERB
arjefm-1157	101	6	that	that	SCONJ
arjefm-1157	101	7	interdependence	interdependence	NOUN
arjefm-1157	101	8	among	among	ADP
arjefm-1157	101	9	nations	nation	NOUN
arjefm-1157	101	10	of	of	ADP
arjefm-1157	101	11	the	the	DET
arjefm-1157	101	12	world	world	NOUN
arjefm-1157	101	13	benefits	benefit	VERB
arjefm-1157	101	14	less	less	ADV
arjefm-1157	101	15	developed	develop	VERB
arjefm-1157	101	16	countries	country	NOUN
arjefm-1157	101	17	more	more	ADJ
arjefm-1157	101	18	than	than	ADP
arjefm-1157	101	19	the	the	DET
arjefm-1157	101	20	developed	develop	VERB
arjefm-1157	101	21	nations	nation	NOUN
arjefm-1157	101	22	.	.	PUNCT
arjefm-1157	102	1	this	this	DET
arjefm-1157	102	2	argument	argument	NOUN
arjefm-1157	102	3	according	accord	VERB
arjefm-1157	102	4	to	to	ADP
arjefm-1157	102	5	the	the	DET
arjefm-1157	102	6	theory	theory	NOUN
arjefm-1157	102	7	is	be	AUX
arjefm-1157	102	8	built	build	VERB
arjefm-1157	102	9	on	on	ADP
arjefm-1157	102	10	the	the	DET
arjefm-1157	102	11	vital	vital	ADJ
arjefm-1157	102	12	evidence	evidence	NOUN
arjefm-1157	102	13	that	that	SCONJ
arjefm-1157	102	14	,	,	PUNCT
arjefm-1157	102	15	in	in	ADP
arjefm-1157	102	16	a	a	DET
arjefm-1157	102	17	steady	steady	ADJ
arjefm-1157	102	18	state	state	NOUN
arjefm-1157	102	19	,	,	PUNCT
arjefm-1157	102	20	fund	fund	NOUN
arjefm-1157	102	21	will	will	AUX
arjefm-1157	102	22	flow	flow	VERB
arjefm-1157	102	23	from	from	ADP
arjefm-1157	102	24	industrialized	industrialized	ADJ
arjefm-1157	102	25	,	,	PUNCT
arjefm-1157	102	26	established	establish	VERB
arjefm-1157	102	27	countries	country	NOUN
arjefm-1157	102	28	,	,	PUNCT
arjefm-1157	102	29	to	to	ADP
arjefm-1157	102	30	less	less	ADV
arjefm-1157	102	31	developed	developed	ADJ
arjefm-1157	102	32	nations	nation	NOUN
arjefm-1157	102	33	,	,	PUNCT
arjefm-1157	102	34	where	where	SCONJ
arjefm-1157	102	35	according	accord	VERB
arjefm-1157	102	36	to	to	ADP
arjefm-1157	102	37	the	the	DET
arjefm-1157	102	38	theory	theory	NOUN
arjefm-1157	102	39	,	,	PUNCT
arjefm-1157	102	40	investment	investment	NOUN
arjefm-1157	102	41	returns	return	NOUN
arjefm-1157	102	42	will	will	AUX
arjefm-1157	102	43	be	be	AUX
arjefm-1157	102	44	high	high	ADJ
arjefm-1157	102	45	in	in	ADP
arjefm-1157	102	46	the	the	DET
arjefm-1157	102	47	long	long	ADJ
arjefm-1157	102	48	run	run	NOUN
arjefm-1157	102	49	,	,	PUNCT
arjefm-1157	102	50	which	which	PRON
arjefm-1157	102	51	will	will	AUX
arjefm-1157	102	52	transform	transform	VERB
arjefm-1157	102	53	the	the	DET
arjefm-1157	102	54	less	less	ADV
arjefm-1157	102	55	developed	develop	VERB
arjefm-1157	102	56	nations	nation	NOUN
arjefm-1157	102	57	into	into	ADP
arjefm-1157	102	58	developed	developed	ADJ
arjefm-1157	102	59	nations	nation	NOUN
arjefm-1157	102	60	2.2	2.2	NUM
arjefm-1157	102	61	empirical	empirical	ADJ
arjefm-1157	102	62	review	review	NOUN
arjefm-1157	102	63	saviour	saviour	NOUN
arjefm-1157	102	64	,	,	PUNCT
arjefm-1157	102	65	ekpe	ekpe	PROPN
arjefm-1157	102	66	&	&	CCONJ
arjefm-1157	102	67	salamat	salamat	PROPN
arjefm-1157	102	68	(	(	PUNCT
arjefm-1157	102	69	2023	2023	NUM
arjefm-1157	102	70	)	)	PUNCT
arjefm-1157	102	71	examined	examine	VERB
arjefm-1157	102	72	the	the	DET
arjefm-1157	102	73	impact	impact	NOUN
arjefm-1157	102	74	of	of	ADP
arjefm-1157	102	75	monetary	monetary	ADJ
arjefm-1157	102	76	policy	policy	NOUN
arjefm-1157	102	77	on	on	ADP
arjefm-1157	102	78	real	real	ADJ
arjefm-1157	102	79	exchange	exchange	NOUN
arjefm-1157	102	80	rate	rate	NOUN
arjefm-1157	102	81	volatility	volatility	NOUN
arjefm-1157	102	82	in	in	ADP
arjefm-1157	102	83	nigeria	nigeria	PROPN
arjefm-1157	102	84	which	which	PRON
arjefm-1157	102	85	influenced	influence	VERB
arjefm-1157	102	86	fdi	fdi	NOUN
arjefm-1157	102	87	in	in	ADP
arjefm-1157	102	88	the	the	DET
arjefm-1157	102	89	long	long	ADJ
arjefm-1157	102	90	run	run	NOUN
arjefm-1157	102	91	.	.	PUNCT
arjefm-1157	103	1	the	the	DET
arjefm-1157	103	2	study	study	NOUN
arjefm-1157	103	3	used	use	VERB
arjefm-1157	103	4	time	time	NOUN
arjefm-1157	103	5	series	series	PROPN
arjefm-1157	103	6	data	datum	NOUN
arjefm-1157	103	7	obtained	obtain	VERB
arjefm-1157	103	8	from	from	ADP
arjefm-1157	103	9	cbn	cbn	PROPN
arjefm-1157	103	10	and	and	CCONJ
arjefm-1157	103	11	world	world	PROPN
arjefm-1157	103	12	bank	bank	PROPN
arjefm-1157	103	13	2021	2021	NUM
arjefm-1157	103	14	and	and	CCONJ
arjefm-1157	103	15	ordinary	ordinary	ADJ
arjefm-1157	103	16	least	least	ADJ
arjefm-1157	103	17	square	square	ADJ
arjefm-1157	103	18	(	(	PUNCT
arjefm-1157	103	19	ols	ol	NOUN
arjefm-1157	103	20	)	)	PUNCT
arjefm-1157	103	21	statistical	statistical	ADJ
arjefm-1157	103	22	technique	technique	NOUN
arjefm-1157	103	23	was	be	AUX
arjefm-1157	103	24	used	use	VERB
arjefm-1157	103	25	to	to	PART
arjefm-1157	103	26	assess	assess	VERB
arjefm-1157	103	27	the	the	DET
arjefm-1157	103	28	degree	degree	NOUN
arjefm-1157	103	29	of	of	ADP
arjefm-1157	103	30	influence	influence	NOUN
arjefm-1157	103	31	which	which	PRON
arjefm-1157	103	32	the	the	DET
arjefm-1157	103	33	variables	variable	NOUN
arjefm-1157	103	34	have	have	VERB
arjefm-1157	103	35	on	on	ADP
arjefm-1157	103	36	each	each	DET
arjefm-1157	103	37	other	other	ADJ
arjefm-1157	103	38	.	.	PUNCT
arjefm-1157	104	1	augmented	augment	VERB
arjefm-1157	104	2	dickey	dickey	NOUN
arjefm-1157	104	3	-	-	PUNCT
arjefm-1157	104	4	fuller	full	ADJ
arjefm-1157	104	5	(	(	PUNCT
arjefm-1157	104	6	adf	adf	NOUN
arjefm-1157	104	7	)	)	PUNCT
arjefm-1157	104	8	test	test	NOUN
arjefm-1157	104	9	was	be	AUX
arjefm-1157	104	10	adopted	adopt	VERB
arjefm-1157	104	11	to	to	PART
arjefm-1157	104	12	test	test	VERB
arjefm-1157	104	13	for	for	ADP
arjefm-1157	104	14	unit	unit	NOUN
arjefm-1157	104	15	root	root	NOUN
arjefm-1157	104	16	and	and	CCONJ
arjefm-1157	104	17	johansen	johansen	PROPN
arjefm-1157	104	18	’s	’s	PART
arjefm-1157	104	19	co	co	NOUN
arjefm-1157	104	20	-	-	NOUN
arjefm-1157	104	21	integration	integration	NOUN
arjefm-1157	104	22	test	test	NOUN
arjefm-1157	104	23	was	be	AUX
arjefm-1157	104	24	also	also	ADV
arjefm-1157	104	25	conducted	conduct	VERB
arjefm-1157	104	26	to	to	PART
arjefm-1157	104	27	establish	establish	VERB
arjefm-1157	104	28	long	long	ADJ
arjefm-1157	104	29	run	run	NOUN
arjefm-1157	104	30	association	association	NOUN
arjefm-1157	104	31	.	.	PUNCT
arjefm-1157	105	1	the	the	DET
arjefm-1157	105	2	study	study	NOUN
arjefm-1157	105	3	also	also	ADV
arjefm-1157	105	4	incorporated	incorporate	VERB
arjefm-1157	105	5	one	one	NUM
arjefm-1157	105	6	co	co	ADJ
arjefm-1157	105	7	-	-	ADJ
arjefm-1157	105	8	integrating	integrating	ADJ
arjefm-1157	105	9	equation	equation	NOUN
arjefm-1157	105	10	,	,	PUNCT
arjefm-1157	105	11	vector	vector	NOUN
arjefm-1157	105	12	error	error	NOUN
arjefm-1157	105	13	correction	correction	NOUN
arjefm-1157	105	14	model	model	NOUN
arjefm-1157	105	15	(	(	PUNCT
arjefm-1157	105	16	vecm	vecm	NOUN
arjefm-1157	105	17	)	)	PUNCT
arjefm-1157	105	18	,	,	PUNCT
arjefm-1157	105	19	granger	granger	PROPN
arjefm-1157	105	20	causality	causality	PROPN
arjefm-1157	105	21	test	test	NOUN
arjefm-1157	105	22	and	and	CCONJ
arjefm-1157	105	23	cusum	cusum	PROPN
arjefm-1157	105	24	test	test	NOUN
arjefm-1157	105	25	for	for	ADP
arjefm-1157	105	26	further	further	ADJ
arjefm-1157	105	27	analysis	analysis	NOUN
arjefm-1157	105	28	.	.	PUNCT
arjefm-1157	106	1	the	the	DET
arjefm-1157	106	2	study	study	NOUN
arjefm-1157	106	3	reveals	reveal	VERB
arjefm-1157	106	4	that	that	SCONJ
arjefm-1157	106	5	real	real	ADJ
arjefm-1157	106	6	exchange	exchange	NOUN
arjefm-1157	106	7	rate	rate	NOUN
arjefm-1157	106	8	volatility	volatility	NOUN
arjefm-1157	106	9	has	have	VERB
arjefm-1157	106	10	a	a	DET
arjefm-1157	106	11	negative	negative	ADJ
arjefm-1157	106	12	and	and	CCONJ
arjefm-1157	106	13	insignificant	insignificant	ADJ
arjefm-1157	106	14	effect	effect	NOUN
arjefm-1157	106	15	on	on	ADP
arjefm-1157	106	16	fdi	fdi	NOUN
arjefm-1157	106	17	and	and	CCONJ
arjefm-1157	106	18	hence	hence	ADV
arjefm-1157	106	19	on	on	ADP
arjefm-1157	106	20	real	real	ADJ
arjefm-1157	106	21	gdp	gdp	NOUN
arjefm-1157	106	22	in	in	ADP
arjefm-1157	106	23	nigeria	nigeria	PROPN
arjefm-1157	106	24	.	.	PUNCT
arjefm-1157	107	1	american	american	PROPN
arjefm-1157	107	2	research	research	PROPN
arjefm-1157	107	3	journal	journal	PROPN
arjefm-1157	107	4	of	of	ADP
arjefm-1157	107	5	economics	economic	NOUN
arjefm-1157	107	6	,	,	PUNCT
arjefm-1157	107	7	finance	finance	NOUN
arjefm-1157	107	8	and	and	CCONJ
arjefm-1157	107	9	management	management	NOUN
arjefm-1157	107	10	volume	volume	NOUN
arjefm-1157	107	11	13	13	NUM
arjefm-1157	107	12	issue	issue	NOUN
arjefm-1157	107	13	1	1	NUM
arjefm-1157	107	14	,	,	PUNCT
arjefm-1157	107	15	january	january	PROPN
arjefm-1157	107	16	-	-	PUNCT
arjefm-1157	107	17	march	march	PROPN
arjefm-1157	107	18	2025	2025	NUM
arjefm-1157	107	19	issn	issn	NOUN
arjefm-1157	107	20	:	:	PUNCT
arjefm-1157	107	21	2836	2836	NUM
arjefm-1157	107	22	-	-	SYM
arjefm-1157	107	23	9416	9416	NUM
arjefm-1157	107	24	impact	impact	NOUN
arjefm-1157	107	25	factor	factor	NOUN
arjefm-1157	107	26	:	:	PUNCT
arjefm-1157	107	27	6.41	6.41	NUM
arjefm-1157	107	28	journal	journal	NOUN
arjefm-1157	107	29	homepage	homepage	NOUN
arjefm-1157	107	30	:	:	PUNCT
arjefm-1157	107	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	107	32	,	,	PUNCT
arjefm-1157	107	33	email	email	NOUN
arjefm-1157	107	34	:	:	PUNCT
arjefm-1157	108	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	108	2	official	official	ADJ
arjefm-1157	108	3	journal	journal	PROPN
arjefm-1157	108	4	of	of	ADP
arjefm-1157	108	5	america	america	PROPN
arjefm-1157	108	6	serial	serial	PROPN
arjefm-1157	108	7	publication	publication	NOUN
arjefm-1157	108	8	american	american	PROPN
arjefm-1157	108	9	research	research	PROPN
arjefm-1157	108	10	journal	journal	PROPN
arjefm-1157	108	11	of	of	ADP
arjefm-1157	108	12	economics	economic	NOUN
arjefm-1157	108	13	,	,	PUNCT
arjefm-1157	108	14	finance	finance	NOUN
arjefm-1157	108	15	and	and	CCONJ
arjefm-1157	108	16	management	management	NOUN
arjefm-1157	108	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	108	18	,	,	PUNCT
arjefm-1157	108	19	email	email	NOUN
arjefm-1157	108	20	:	:	PUNCT
arjefm-1157	108	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	109	1	67	67	NUM
arjefm-1157	110	1	|	|	ADV
arjefm-1157	110	2	p	p	NOUN
arjefm-1157	110	3	a	a	DET
arjefm-1157	110	4	g	g	NOUN
arjefm-1157	110	5	e	e	X
arjefm-1157	110	6	it	it	PRON
arjefm-1157	110	7	also	also	ADV
arjefm-1157	110	8	shows	show	VERB
arjefm-1157	110	9	that	that	SCONJ
arjefm-1157	110	10	monetary	monetary	ADJ
arjefm-1157	110	11	policy	policy	NOUN
arjefm-1157	110	12	has	have	VERB
arjefm-1157	110	13	a	a	DET
arjefm-1157	110	14	positive	positive	ADJ
arjefm-1157	110	15	and	and	CCONJ
arjefm-1157	110	16	insignificant	insignificant	ADJ
arjefm-1157	110	17	influence	influence	NOUN
arjefm-1157	110	18	in	in	ADP
arjefm-1157	110	19	the	the	DET
arjefm-1157	110	20	nigeria	nigeria	PROPN
arjefm-1157	110	21	economy	economy	NOUN
arjefm-1157	110	22	.	.	PUNCT
arjefm-1157	111	1	the	the	DET
arjefm-1157	111	2	study	study	NOUN
arjefm-1157	111	3	shows	show	VERB
arjefm-1157	111	4	(	(	PUNCT
arjefm-1157	111	5	among	among	ADP
arjefm-1157	111	6	others	other	NOUN
arjefm-1157	111	7	)	)	PUNCT
arjefm-1157	111	8	that	that	SCONJ
arjefm-1157	111	9	there	there	PRON
arjefm-1157	111	10	is	be	VERB
arjefm-1157	111	11	no	no	DET
arjefm-1157	111	12	long	long	ADJ
arjefm-1157	111	13	run	run	NOUN
arjefm-1157	111	14	or	or	CCONJ
arjefm-1157	111	15	short	short	ADJ
arjefm-1157	111	16	run	run	NOUN
arjefm-1157	111	17	relationship	relationship	NOUN
arjefm-1157	111	18	from	from	ADP
arjefm-1157	111	19	real	real	ADJ
arjefm-1157	111	20	effective	effective	ADJ
arjefm-1157	111	21	exchange	exchange	NOUN
arjefm-1157	111	22	rate	rate	NOUN
arjefm-1157	111	23	volatility	volatility	NOUN
arjefm-1157	111	24	,	,	PUNCT
arjefm-1157	111	25	domestic	domestic	ADJ
arjefm-1157	111	26	interest	interest	NOUN
arjefm-1157	111	27	rate	rate	NOUN
arjefm-1157	111	28	,	,	PUNCT
arjefm-1157	111	29	government	government	NOUN
arjefm-1157	111	30	spending	spending	NOUN
arjefm-1157	111	31	and	and	CCONJ
arjefm-1157	111	32	net	net	ADJ
arjefm-1157	111	33	export	export	NOUN
arjefm-1157	111	34	running	run	VERB
arjefm-1157	111	35	to	to	ADP
arjefm-1157	111	36	fdi	fdi	PROPN
arjefm-1157	111	37	and	and	CCONJ
arjefm-1157	111	38	then	then	ADV
arjefm-1157	111	39	real	real	PROPN
arjefm-1157	111	40	gdp	gdp	PROPN
arjefm-1157	111	41	.	.	PUNCT
arjefm-1157	112	1	this	this	DET
arjefm-1157	112	2	study	study	NOUN
arjefm-1157	112	3	therefore	therefore	ADV
arjefm-1157	112	4	suggests	suggest	VERB
arjefm-1157	112	5	that	that	SCONJ
arjefm-1157	112	6	the	the	DET
arjefm-1157	112	7	government	government	NOUN
arjefm-1157	112	8	should	should	AUX
arjefm-1157	112	9	implement	implement	VERB
arjefm-1157	112	10	an	an	DET
arjefm-1157	112	11	expansionary	expansionary	ADJ
arjefm-1157	112	12	monetary	monetary	ADJ
arjefm-1157	112	13	policy	policy	NOUN
arjefm-1157	112	14	,	,	PUNCT
arjefm-1157	112	15	through	through	ADP
arjefm-1157	112	16	increase	increase	NOUN
arjefm-1157	112	17	in	in	ADP
arjefm-1157	112	18	money	money	NOUN
arjefm-1157	112	19	supply	supply	NOUN
arjefm-1157	112	20	by	by	ADP
arjefm-1157	112	21	reducing	reduce	VERB
arjefm-1157	112	22	the	the	DET
arjefm-1157	112	23	domestic	domestic	ADJ
arjefm-1157	112	24	interest	interest	NOUN
arjefm-1157	112	25	rate	rate	NOUN
arjefm-1157	112	26	.	.	PUNCT
arjefm-1157	113	1	the	the	DET
arjefm-1157	113	2	government	government	NOUN
arjefm-1157	113	3	should	should	AUX
arjefm-1157	113	4	implement	implement	VERB
arjefm-1157	113	5	an	an	DET
arjefm-1157	113	6	exchange	exchange	NOUN
arjefm-1157	113	7	rate	rate	NOUN
arjefm-1157	113	8	system	system	NOUN
arjefm-1157	113	9	that	that	PRON
arjefm-1157	113	10	is	be	AUX
arjefm-1157	113	11	market	market	NOUN
arjefm-1157	113	12	-	-	PUNCT
arjefm-1157	113	13	determined	determine	VERB
arjefm-1157	113	14	and	and	CCONJ
arjefm-1157	113	15	should	should	AUX
arjefm-1157	113	16	step	step	VERB
arjefm-1157	113	17	in	in	ADV
arjefm-1157	113	18	only	only	ADV
arjefm-1157	113	19	at	at	ADP
arjefm-1157	113	20	crucial	crucial	ADJ
arjefm-1157	113	21	times	time	NOUN
arjefm-1157	113	22	to	to	PART
arjefm-1157	113	23	ensure	ensure	VERB
arjefm-1157	113	24	stability	stability	NOUN
arjefm-1157	113	25	in	in	ADP
arjefm-1157	113	26	the	the	DET
arjefm-1157	113	27	exchange	exchange	NOUN
arjefm-1157	113	28	rate	rate	NOUN
arjefm-1157	113	29	that	that	PRON
arjefm-1157	113	30	will	will	AUX
arjefm-1157	113	31	also	also	ADV
arjefm-1157	113	32	at	at	ADP
arjefm-1157	113	33	the	the	DET
arjefm-1157	113	34	end	end	NOUN
arjefm-1157	113	35	attract	attract	VERB
arjefm-1157	113	36	foreign	foreign	ADJ
arjefm-1157	113	37	investors	investor	NOUN
arjefm-1157	113	38	in	in	ADP
arjefm-1157	113	39	the	the	DET
arjefm-1157	113	40	country	country	NOUN
arjefm-1157	113	41	.	.	PUNCT
arjefm-1157	114	1	saviour	saviour	PROPN
arjefm-1157	114	2	,	,	PUNCT
arjefm-1157	114	3	ferdinand	ferdinand	PROPN
arjefm-1157	114	4	and	and	CCONJ
arjefm-1157	114	5	jacob	jacob	PROPN
arjefm-1157	114	6	(	(	PUNCT
arjefm-1157	114	7	2022	2022	NUM
arjefm-1157	114	8	)	)	PUNCT
arjefm-1157	114	9	investigated	investigate	VERB
arjefm-1157	114	10	the	the	DET
arjefm-1157	114	11	effects	effect	NOUN
arjefm-1157	114	12	of	of	ADP
arjefm-1157	114	13	selected	select	VERB
arjefm-1157	114	14	macroeconomic	macroeconomic	ADJ
arjefm-1157	114	15	variables	variable	NOUN
arjefm-1157	114	16	on	on	ADP
arjefm-1157	114	17	stock	stock	NOUN
arjefm-1157	114	18	market	market	NOUN
arjefm-1157	114	19	performance	performance	NOUN
arjefm-1157	114	20	in	in	ADP
arjefm-1157	114	21	nigeria	nigeria	PROPN
arjefm-1157	114	22	.	.	PUNCT
arjefm-1157	115	1	the	the	DET
arjefm-1157	115	2	study	study	NOUN
arjefm-1157	115	3	employed	employ	VERB
arjefm-1157	115	4	time	time	NOUN
arjefm-1157	115	5	-	-	PUNCT
arjefm-1157	115	6	series	series	NOUN
arjefm-1157	115	7	data	datum	NOUN
arjefm-1157	115	8	obtained	obtain	VERB
arjefm-1157	115	9	from	from	ADP
arjefm-1157	115	10	the	the	DET
arjefm-1157	115	11	central	central	ADJ
arjefm-1157	115	12	bank	bank	PROPN
arjefm-1157	115	13	of	of	ADP
arjefm-1157	115	14	nigeria	nigeria	PROPN
arjefm-1157	115	15	's	's	PART
arjefm-1157	115	16	statistical	statistical	ADJ
arjefm-1157	115	17	bulletin	bulletin	NOUN
arjefm-1157	115	18	and	and	CCONJ
arjefm-1157	115	19	world	world	NOUN
arjefm-1157	115	20	development	development	NOUN
arjefm-1157	115	21	indicators	indicator	NOUN
arjefm-1157	115	22	.	.	PUNCT
arjefm-1157	116	1	stock	stock	NOUN
arjefm-1157	116	2	market	market	NOUN
arjefm-1157	116	3	performance	performance	NOUN
arjefm-1157	116	4	was	be	AUX
arjefm-1157	116	5	measured	measure	VERB
arjefm-1157	116	6	using	use	VERB
arjefm-1157	116	7	the	the	DET
arjefm-1157	116	8	all	all	PRON
arjefm-1157	116	9	-	-	PUNCT
arjefm-1157	116	10	shares	share	NOUN
arjefm-1157	116	11	index	index	NOUN
arjefm-1157	116	12	while	while	SCONJ
arjefm-1157	116	13	the	the	DET
arjefm-1157	116	14	identified	identify	VERB
arjefm-1157	116	15	macroeconomic	macroeconomic	ADJ
arjefm-1157	116	16	variables	variable	NOUN
arjefm-1157	116	17	included	include	VERB
arjefm-1157	116	18	gdp	gdp	NOUN
arjefm-1157	116	19	growth	growth	NOUN
arjefm-1157	116	20	,	,	PUNCT
arjefm-1157	116	21	broad	broad	ADJ
arjefm-1157	116	22	money	money	NOUN
arjefm-1157	116	23	supply	supply	NOUN
arjefm-1157	116	24	,	,	PUNCT
arjefm-1157	116	25	exchange	exchange	NOUN
arjefm-1157	116	26	rate	rate	NOUN
arjefm-1157	116	27	,	,	PUNCT
arjefm-1157	116	28	savings	saving	NOUN
arjefm-1157	116	29	interest	interest	NOUN
arjefm-1157	116	30	rate	rate	NOUN
arjefm-1157	116	31	,	,	PUNCT
arjefm-1157	116	32	and	and	CCONJ
arjefm-1157	116	33	inflation	inflation	NOUN
arjefm-1157	116	34	rate	rate	NOUN
arjefm-1157	116	35	.	.	PUNCT
arjefm-1157	117	1	an	an	DET
arjefm-1157	117	2	autoregressive	autoregressive	ADJ
arjefm-1157	117	3	distributive	distributive	ADJ
arjefm-1157	117	4	lag	lag	NOUN
arjefm-1157	117	5	(	(	PUNCT
arjefm-1157	117	6	ardl	ardl	NOUN
arjefm-1157	117	7	)	)	PUNCT
arjefm-1157	117	8	estimation	estimation	NOUN
arjefm-1157	117	9	technique	technique	NOUN
arjefm-1157	117	10	was	be	AUX
arjefm-1157	117	11	used	use	VERB
arjefm-1157	117	12	to	to	PART
arjefm-1157	117	13	establish	establish	VERB
arjefm-1157	117	14	the	the	DET
arjefm-1157	117	15	long	long	ADJ
arjefm-1157	117	16	run	run	NOUN
arjefm-1157	117	17	relationship	relationship	NOUN
arjefm-1157	117	18	among	among	ADP
arjefm-1157	117	19	the	the	DET
arjefm-1157	117	20	variables	variable	NOUN
arjefm-1157	117	21	,	,	PUNCT
arjefm-1157	117	22	and	and	CCONJ
arjefm-1157	117	23	it	it	PRON
arjefm-1157	117	24	was	be	AUX
arjefm-1157	117	25	revealed	reveal	VERB
arjefm-1157	117	26	that	that	SCONJ
arjefm-1157	117	27	a	a	DET
arjefm-1157	117	28	long	long	ADJ
arjefm-1157	117	29	run	run	NOUN
arjefm-1157	117	30	relationship	relationship	NOUN
arjefm-1157	117	31	existed	exist	VERB
arjefm-1157	117	32	among	among	ADP
arjefm-1157	117	33	the	the	DET
arjefm-1157	117	34	variables	variable	NOUN
arjefm-1157	117	35	in	in	ADP
arjefm-1157	117	36	the	the	DET
arjefm-1157	117	37	estimated	estimate	VERB
arjefm-1157	117	38	model	model	NOUN
arjefm-1157	117	39	.	.	PUNCT
arjefm-1157	118	1	the	the	DET
arjefm-1157	118	2	result	result	NOUN
arjefm-1157	118	3	shows	show	VERB
arjefm-1157	118	4	that	that	SCONJ
arjefm-1157	118	5	macroeconomic	macroeconomic	ADJ
arjefm-1157	118	6	variables	variable	NOUN
arjefm-1157	118	7	such	such	ADJ
arjefm-1157	118	8	as	as	ADP
arjefm-1157	118	9	gross	gross	ADJ
arjefm-1157	118	10	domestic	domestic	ADJ
arjefm-1157	118	11	product	product	NOUN
arjefm-1157	118	12	,	,	PUNCT
arjefm-1157	118	13	broad	broad	ADJ
arjefm-1157	118	14	money	money	NOUN
arjefm-1157	118	15	supply	supply	NOUN
arjefm-1157	118	16	,	,	PUNCT
arjefm-1157	118	17	exchange	exchange	NOUN
arjefm-1157	118	18	rate	rate	NOUN
arjefm-1157	118	19	,	,	PUNCT
arjefm-1157	118	20	and	and	CCONJ
arjefm-1157	118	21	savings	savings	NOUN
arjefm-1157	118	22	interest	interest	NOUN
arjefm-1157	118	23	rate	rate	NOUN
arjefm-1157	118	24	have	have	VERB
arjefm-1157	118	25	a	a	DET
arjefm-1157	118	26	positive	positive	ADJ
arjefm-1157	118	27	effect	effect	NOUN
arjefm-1157	118	28	on	on	ADP
arjefm-1157	118	29	stock	stock	NOUN
arjefm-1157	118	30	market	market	NOUN
arjefm-1157	118	31	performance	performance	NOUN
arjefm-1157	118	32	and	and	CCONJ
arjefm-1157	118	33	hence	hence	ADV
arjefm-1157	118	34	in	in	ADP
arjefm-1157	118	35	the	the	DET
arjefm-1157	118	36	fdi	fdi	NOUN
arjefm-1157	118	37	in	in	ADP
arjefm-1157	118	38	nigeria	nigeria	PROPN
arjefm-1157	118	39	.	.	PUNCT
arjefm-1157	119	1	on	on	ADP
arjefm-1157	119	2	the	the	DET
arjefm-1157	119	3	other	other	ADJ
arjefm-1157	119	4	hand	hand	NOUN
arjefm-1157	119	5	,	,	PUNCT
arjefm-1157	119	6	the	the	DET
arjefm-1157	119	7	results	result	NOUN
arjefm-1157	119	8	showed	show	VERB
arjefm-1157	119	9	that	that	SCONJ
arjefm-1157	119	10	the	the	DET
arjefm-1157	119	11	inflation	inflation	NOUN
arjefm-1157	119	12	rate	rate	NOUN
arjefm-1157	119	13	has	have	VERB
arjefm-1157	119	14	a	a	DET
arjefm-1157	119	15	negative	negative	ADJ
arjefm-1157	119	16	effect	effect	NOUN
arjefm-1157	119	17	on	on	ADP
arjefm-1157	119	18	stock	stock	NOUN
arjefm-1157	119	19	market	market	NOUN
arjefm-1157	119	20	performance	performance	NOUN
arjefm-1157	119	21	thus	thus	ADV
arjefm-1157	119	22	fdi	fdi	NOUN
arjefm-1157	119	23	in	in	ADP
arjefm-1157	119	24	nigeria	nigeria	PROPN
arjefm-1157	119	25	.	.	PUNCT
arjefm-1157	120	1	predicated	predicate	VERB
arjefm-1157	120	2	on	on	ADP
arjefm-1157	120	3	the	the	DET
arjefm-1157	120	4	result	result	NOUN
arjefm-1157	120	5	,	,	PUNCT
arjefm-1157	120	6	the	the	DET
arjefm-1157	120	7	study	study	NOUN
arjefm-1157	120	8	recommended	recommend	VERB
arjefm-1157	120	9	that	that	SCONJ
arjefm-1157	120	10	policies	policy	NOUN
arjefm-1157	120	11	to	to	PART
arjefm-1157	120	12	increase	increase	VERB
arjefm-1157	120	13	gross	gross	ADJ
arjefm-1157	120	14	domestic	domestic	ADJ
arjefm-1157	120	15	product	product	NOUN
arjefm-1157	120	16	,	,	PUNCT
arjefm-1157	120	17	exchange	exchange	NOUN
arjefm-1157	120	18	rate	rate	NOUN
arjefm-1157	120	19	,	,	PUNCT
arjefm-1157	120	20	interest	interest	NOUN
arjefm-1157	120	21	rate	rate	NOUN
arjefm-1157	120	22	,	,	PUNCT
arjefm-1157	120	23	and	and	CCONJ
arjefm-1157	120	24	money	money	NOUN
arjefm-1157	120	25	supply	supply	NOUN
arjefm-1157	120	26	should	should	AUX
arjefm-1157	120	27	be	be	AUX
arjefm-1157	120	28	implemented	implement	VERB
arjefm-1157	120	29	because	because	SCONJ
arjefm-1157	120	30	they	they	PRON
arjefm-1157	120	31	can	can	AUX
arjefm-1157	120	32	lead	lead	VERB
arjefm-1157	120	33	to	to	ADP
arjefm-1157	120	34	an	an	DET
arjefm-1157	120	35	improvement	improvement	NOUN
arjefm-1157	120	36	in	in	ADP
arjefm-1157	120	37	the	the	DET
arjefm-1157	120	38	performance	performance	NOUN
arjefm-1157	120	39	of	of	ADP
arjefm-1157	120	40	the	the	DET
arjefm-1157	120	41	stock	stock	NOUN
arjefm-1157	120	42	market	market	NOUN
arjefm-1157	120	43	and	and	CCONJ
arjefm-1157	120	44	hence	hence	ADV
arjefm-1157	120	45	fdi	fdi	PROPN
arjefm-1157	120	46	,	,	PUNCT
arjefm-1157	120	47	while	while	SCONJ
arjefm-1157	120	48	the	the	DET
arjefm-1157	120	49	inflation	inflation	NOUN
arjefm-1157	120	50	rate	rate	NOUN
arjefm-1157	120	51	should	should	AUX
arjefm-1157	120	52	be	be	AUX
arjefm-1157	120	53	maintained	maintain	VERB
arjefm-1157	120	54	at	at	ADP
arjefm-1157	120	55	a	a	DET
arjefm-1157	120	56	single	single	ADJ
arjefm-1157	120	57	digit	digit	NOUN
arjefm-1157	120	58	to	to	PART
arjefm-1157	120	59	prevent	prevent	VERB
arjefm-1157	120	60	its	its	PRON
arjefm-1157	120	61	negative	negative	ADJ
arjefm-1157	120	62	effect	effect	NOUN
arjefm-1157	120	63	on	on	ADP
arjefm-1157	120	64	the	the	DET
arjefm-1157	120	65	performance	performance	NOUN
arjefm-1157	120	66	of	of	ADP
arjefm-1157	120	67	the	the	DET
arjefm-1157	120	68	stock	stock	NOUN
arjefm-1157	120	69	market	market	NOUN
arjefm-1157	120	70	and	and	CCONJ
arjefm-1157	120	71	fdi	fdi	PROPN
arjefm-1157	120	72	in	in	ADP
arjefm-1157	120	73	nigeria	nigeria	PROPN
arjefm-1157	120	74	.	.	PUNCT
arjefm-1157	121	1	ekine	ekine	PROPN
arjefm-1157	121	2	,	,	PUNCT
arjefm-1157	121	3	dennis	dennis	PROPN
arjefm-1157	121	4	,	,	PUNCT
arjefm-1157	121	5	and	and	CCONJ
arjefm-1157	121	6	charity	charity	NOUN
arjefm-1157	121	7	(	(	PUNCT
arjefm-1157	121	8	2019	2019	NUM
arjefm-1157	121	9	)	)	PUNCT
arjefm-1157	121	10	studied	study	VERB
arjefm-1157	121	11	the	the	DET
arjefm-1157	121	12	impact	impact	NOUN
arjefm-1157	121	13	of	of	ADP
arjefm-1157	121	14	foreign	foreign	ADJ
arjefm-1157	121	15	investment	investment	NOUN
arjefm-1157	121	16	somewhat	somewhat	ADV
arjefm-1157	121	17	on	on	ADP
arjefm-1157	121	18	performance	performance	NOUN
arjefm-1157	121	19	of	of	ADP
arjefm-1157	121	20	the	the	DET
arjefm-1157	121	21	nigerian	nigerian	ADJ
arjefm-1157	121	22	economic	economic	ADJ
arjefm-1157	121	23	growth	growth	NOUN
arjefm-1157	121	24	.	.	PUNCT
arjefm-1157	122	1	the	the	DET
arjefm-1157	122	2	result	result	NOUN
arjefm-1157	122	3	of	of	ADP
arjefm-1157	122	4	the	the	DET
arjefm-1157	122	5	study	study	NOUN
arjefm-1157	122	6	showed	show	VERB
arjefm-1157	122	7	a	a	DET
arjefm-1157	122	8	strong	strong	ADJ
arjefm-1157	122	9	association	association	NOUN
arjefm-1157	122	10	between	between	ADP
arjefm-1157	122	11	the	the	DET
arjefm-1157	122	12	performance	performance	NOUN
arjefm-1157	122	13	of	of	ADP
arjefm-1157	122	14	the	the	DET
arjefm-1157	122	15	nigerian	nigerian	ADJ
arjefm-1157	122	16	economy	economy	NOUN
arjefm-1157	122	17	and	and	CCONJ
arjefm-1157	122	18	the	the	DET
arjefm-1157	122	19	inflow	inflow	NOUN
arjefm-1157	122	20	of	of	ADP
arjefm-1157	122	21	foreign	foreign	ADJ
arjefm-1157	122	22	direct	direct	ADJ
arjefm-1157	122	23	investment	investment	NOUN
arjefm-1157	122	24	,	,	PUNCT
arjefm-1157	122	25	which	which	PRON
arjefm-1157	122	26	was	be	AUX
arjefm-1157	122	27	american	american	ADJ
arjefm-1157	122	28	research	research	PROPN
arjefm-1157	122	29	journal	journal	PROPN
arjefm-1157	122	30	of	of	ADP
arjefm-1157	122	31	economics	economic	NOUN
arjefm-1157	122	32	,	,	PUNCT
arjefm-1157	122	33	finance	finance	NOUN
arjefm-1157	122	34	and	and	CCONJ
arjefm-1157	122	35	management	management	NOUN
arjefm-1157	122	36	volume	volume	NOUN
arjefm-1157	122	37	13	13	NUM
arjefm-1157	122	38	issue	issue	NOUN
arjefm-1157	122	39	1	1	NUM
arjefm-1157	122	40	,	,	PUNCT
arjefm-1157	122	41	january	january	PROPN
arjefm-1157	122	42	-	-	PUNCT
arjefm-1157	122	43	march	march	PROPN
arjefm-1157	122	44	2025	2025	NUM
arjefm-1157	122	45	issn	issn	NOUN
arjefm-1157	122	46	:	:	PUNCT
arjefm-1157	122	47	2836	2836	NUM
arjefm-1157	122	48	-	-	SYM
arjefm-1157	122	49	9416	9416	NUM
arjefm-1157	122	50	impact	impact	NOUN
arjefm-1157	122	51	factor	factor	NOUN
arjefm-1157	122	52	:	:	PUNCT
arjefm-1157	122	53	6.41	6.41	NUM
arjefm-1157	122	54	journal	journal	NOUN
arjefm-1157	122	55	homepage	homepage	NOUN
arjefm-1157	122	56	:	:	PUNCT
arjefm-1157	122	57	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	122	58	,	,	PUNCT
arjefm-1157	122	59	email	email	NOUN
arjefm-1157	122	60	:	:	PUNCT
arjefm-1157	122	61	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	122	62	official	official	ADJ
arjefm-1157	122	63	journal	journal	PROPN
arjefm-1157	122	64	of	of	ADP
arjefm-1157	122	65	america	america	PROPN
arjefm-1157	122	66	serial	serial	PROPN
arjefm-1157	122	67	publication	publication	NOUN
arjefm-1157	122	68	american	american	PROPN
arjefm-1157	122	69	research	research	PROPN
arjefm-1157	122	70	journal	journal	PROPN
arjefm-1157	122	71	of	of	ADP
arjefm-1157	122	72	economics	economic	NOUN
arjefm-1157	122	73	,	,	PUNCT
arjefm-1157	122	74	finance	finance	NOUN
arjefm-1157	122	75	and	and	CCONJ
arjefm-1157	122	76	management	management	NOUN
arjefm-1157	122	77	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	122	78	,	,	PUNCT
arjefm-1157	122	79	email	email	NOUN
arjefm-1157	122	80	:	:	PUNCT
arjefm-1157	122	81	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	123	1	68	68	NUM
arjefm-1157	124	1	|	|	ADV
arjefm-1157	124	2	p	p	NOUN
arjefm-1157	124	3	a	a	DET
arjefm-1157	124	4	g	g	NOUN
arjefm-1157	124	5	e	e	NOUN
arjefm-1157	124	6	statistically	statistically	ADV
arjefm-1157	124	7	significant	significant	ADJ
arjefm-1157	124	8	at	at	ADP
arjefm-1157	124	9	the	the	DET
arjefm-1157	124	10	5	5	NUM
arjefm-1157	124	11	%	%	NOUN
arjefm-1157	124	12	level	level	NOUN
arjefm-1157	124	13	.	.	PUNCT
arjefm-1157	125	1	the	the	DET
arjefm-1157	125	2	study	study	NOUN
arjefm-1157	125	3	further	far	ADV
arjefm-1157	125	4	revealed	reveal	VERB
arjefm-1157	125	5	that	that	SCONJ
arjefm-1157	125	6	in	in	ADP
arjefm-1157	125	7	one	one	NUM
arjefm-1157	125	8	way	way	NOUN
arjefm-1157	125	9	or	or	CCONJ
arjefm-1157	125	10	another	another	PRON
arjefm-1157	125	11	a	a	DET
arjefm-1157	125	12	strong	strong	ADJ
arjefm-1157	125	13	economy	economy	NOUN
arjefm-1157	125	14	is	be	AUX
arjefm-1157	125	15	deeply	deeply	ADV
arjefm-1157	125	16	dependent	dependent	ADJ
arjefm-1157	125	17	on	on	ADP
arjefm-1157	125	18	the	the	DET
arjefm-1157	125	19	inflow	inflow	NOUN
arjefm-1157	125	20	of	of	ADP
arjefm-1157	125	21	these	these	DET
arjefm-1157	125	22	vital	vital	ADJ
arjefm-1157	125	23	determinants	determinant	NOUN
arjefm-1157	125	24	.	.	PUNCT
arjefm-1157	126	1	they	they	PRON
arjefm-1157	126	2	had	have	AUX
arjefm-1157	126	3	found	find	VERB
arjefm-1157	126	4	out	out	ADP
arjefm-1157	126	5	that	that	SCONJ
arjefm-1157	126	6	fdi	fdi	NOUN
arjefm-1157	126	7	is	be	AUX
arjefm-1157	126	8	attracted	attract	VERB
arjefm-1157	126	9	or	or	CCONJ
arjefm-1157	126	10	improved	improve	VERB
arjefm-1157	126	11	by	by	ADP
arjefm-1157	126	12	economic	economic	ADJ
arjefm-1157	126	13	factors	factor	NOUN
arjefm-1157	126	14	like	like	ADP
arjefm-1157	126	15	gdp	gdp	NOUN
arjefm-1157	126	16	market	market	NOUN
arjefm-1157	126	17	size	size	NOUN
arjefm-1157	126	18	,	,	PUNCT
arjefm-1157	126	19	interest	interest	NOUN
arjefm-1157	126	20	rates	rate	NOUN
arjefm-1157	126	21	,	,	PUNCT
arjefm-1157	126	22	inflation	inflation	NOUN
arjefm-1157	126	23	,	,	PUNCT
arjefm-1157	126	24	currency	currency	NOUN
arjefm-1157	126	25	rates	rate	NOUN
arjefm-1157	126	26	and	and	CCONJ
arjefm-1157	126	27	their	their	PRON
arjefm-1157	126	28	volatility	volatility	NOUN
arjefm-1157	126	29	,	,	PUNCT
arjefm-1157	126	30	and	and	CCONJ
arjefm-1157	126	31	market	market	NOUN
arjefm-1157	126	32	size	size	NOUN
arjefm-1157	126	33	.	.	PUNCT
arjefm-1157	127	1	mokuolu	mokuolu	PROPN
arjefm-1157	127	2	's	's	PART
arjefm-1157	127	3	(	(	PUNCT
arjefm-1157	127	4	2018	2018	NUM
arjefm-1157	127	5	)	)	PUNCT
arjefm-1157	127	6	investigated	investigate	VERB
arjefm-1157	127	7	the	the	DET
arjefm-1157	127	8	relationship	relationship	NOUN
arjefm-1157	127	9	between	between	ADP
arjefm-1157	127	10	fdi	fdi	PROPN
arjefm-1157	127	11	and	and	CCONJ
arjefm-1157	127	12	economic	economic	ADJ
arjefm-1157	127	13	growth	growth	NOUN
arjefm-1157	127	14	in	in	ADP
arjefm-1157	127	15	the	the	DET
arjefm-1157	127	16	nigerian	nigerian	ADJ
arjefm-1157	127	17	economy	economy	NOUN
arjefm-1157	127	18	.	.	PUNCT
arjefm-1157	128	1	the	the	DET
arjefm-1157	128	2	study	study	NOUN
arjefm-1157	128	3	used	use	VERB
arjefm-1157	128	4	the	the	DET
arjefm-1157	128	5	yearly	yearly	ADJ
arjefm-1157	128	6	time	time	NOUN
arjefm-1157	128	7	series	series	PROPN
arjefm-1157	128	8	data	datum	NOUN
arjefm-1157	128	9	for	for	ADP
arjefm-1157	128	10	a	a	DET
arjefm-1157	128	11	period	period	NOUN
arjefm-1157	128	12	of	of	ADP
arjefm-1157	128	13	48	48	NUM
arjefm-1157	128	14	years	year	NOUN
arjefm-1157	128	15	.	.	PUNCT
arjefm-1157	129	1	the	the	DET
arjefm-1157	129	2	study	study	NOUN
arjefm-1157	129	3	used	use	VERB
arjefm-1157	129	4	autoregressive	autoregressive	ADJ
arjefm-1157	129	5	distributed	distribute	VERB
arjefm-1157	129	6	lag	lag	NOUN
arjefm-1157	129	7	model	model	NOUN
arjefm-1157	129	8	(	(	PUNCT
arjefm-1157	129	9	ardl	ardl	NOUN
arjefm-1157	129	10	)	)	PUNCT
arjefm-1157	129	11	method	method	NOUN
arjefm-1157	129	12	.	.	PUNCT
arjefm-1157	130	1	the	the	DET
arjefm-1157	130	2	result	result	NOUN
arjefm-1157	130	3	of	of	ADP
arjefm-1157	130	4	the	the	DET
arjefm-1157	130	5	study	study	NOUN
arjefm-1157	130	6	showed	show	VERB
arjefm-1157	130	7	a	a	DET
arjefm-1157	130	8	strong	strong	ADJ
arjefm-1157	130	9	positive	positive	ADJ
arjefm-1157	130	10	correlation	correlation	NOUN
arjefm-1157	130	11	between	between	ADP
arjefm-1157	130	12	fdi	fdi	NOUN
arjefm-1157	130	13	inflows	inflow	NOUN
arjefm-1157	130	14	and	and	CCONJ
arjefm-1157	130	15	the	the	DET
arjefm-1157	130	16	gdp	gdp	NOUN
arjefm-1157	130	17	-	-	PUNCT
arjefm-1157	130	18	based	base	VERB
arjefm-1157	130	19	economic	economic	ADJ
arjefm-1157	130	20	growth	growth	NOUN
arjefm-1157	130	21	indicator	indicator	NOUN
arjefm-1157	130	22	in	in	ADP
arjefm-1157	130	23	nigeria	nigeria	PROPN
arjefm-1157	130	24	.	.	PUNCT
arjefm-1157	131	1	the	the	DET
arjefm-1157	131	2	macroeconomic	macroeconomic	ADJ
arjefm-1157	131	3	variables	variable	NOUN
arjefm-1157	131	4	that	that	PRON
arjefm-1157	131	5	were	be	AUX
arjefm-1157	131	6	used	use	VERB
arjefm-1157	131	7	in	in	ADP
arjefm-1157	131	8	the	the	DET
arjefm-1157	131	9	study	study	NOUN
arjefm-1157	131	10	was	be	AUX
arjefm-1157	131	11	according	accord	VERB
arjefm-1157	131	12	to	to	ADP
arjefm-1157	131	13	the	the	DET
arjefm-1157	131	14	apriori	apriori	ADJ
arjefm-1157	131	15	expectation	expectation	NOUN
arjefm-1157	131	16	of	of	ADP
arjefm-1157	131	17	the	the	DET
arjefm-1157	131	18	study	study	NOUN
arjefm-1157	131	19	.	.	PUNCT
arjefm-1157	132	1	the	the	DET
arjefm-1157	132	2	apriori	apriori	ADV
arjefm-1157	132	3	expected	expect	VERB
arjefm-1157	132	4	had	have	AUX
arjefm-1157	132	5	indicated	indicate	VERB
arjefm-1157	132	6	that	that	SCONJ
arjefm-1157	132	7	,	,	PUNCT
arjefm-1157	132	8	if	if	SCONJ
arjefm-1157	132	9	the	the	DET
arjefm-1157	132	10	rate	rate	NOUN
arjefm-1157	132	11	of	of	ADP
arjefm-1157	132	12	interest	interest	NOUN
arjefm-1157	132	13	moves	move	NOUN
arjefm-1157	132	14	in	in	ADP
arjefm-1157	132	15	the	the	DET
arjefm-1157	132	16	opposite	opposite	ADJ
arjefm-1157	132	17	direction	direction	NOUN
arjefm-1157	132	18	,	,	PUNCT
arjefm-1157	132	19	fdi	fdi	NOUN
arjefm-1157	132	20	will	will	AUX
arjefm-1157	132	21	shrink	shrink	VERB
arjefm-1157	132	22	in	in	ADP
arjefm-1157	132	23	nigeria	nigeria	PROPN
arjefm-1157	132	24	.	.	PUNCT
arjefm-1157	133	1	this	this	PRON
arjefm-1157	133	2	is	be	AUX
arjefm-1157	133	3	shown	show	VERB
arjefm-1157	133	4	by	by	ADP
arjefm-1157	133	5	the	the	DET
arjefm-1157	133	6	negative	negative	ADJ
arjefm-1157	133	7	interest	interest	NOUN
arjefm-1157	133	8	rate	rate	NOUN
arjefm-1157	133	9	seen	see	VERB
arjefm-1157	133	10	during	during	ADP
arjefm-1157	133	11	the	the	DET
arjefm-1157	133	12	period	period	NOUN
arjefm-1157	133	13	.	.	PUNCT
arjefm-1157	134	1	the	the	DET
arjefm-1157	134	2	outcome	outcome	NOUN
arjefm-1157	134	3	of	of	ADP
arjefm-1157	134	4	the	the	DET
arjefm-1157	134	5	country	country	NOUN
arjefm-1157	134	6	's	's	PART
arjefm-1157	134	7	a	a	DET
arjefm-1157	134	8	priori	priori	ADV
arjefm-1157	134	9	postulated	postulate	VERB
arjefm-1157	134	10	positive	positive	ADJ
arjefm-1157	134	11	exchange	exchange	NOUN
arjefm-1157	134	12	rate	rate	NOUN
arjefm-1157	134	13	condition	condition	NOUN
arjefm-1157	134	14	in	in	ADP
arjefm-1157	134	15	the	the	DET
arjefm-1157	134	16	country	country	NOUN
arjefm-1157	134	17	.	.	PUNCT
arjefm-1157	135	1	the	the	DET
arjefm-1157	135	2	study	study	NOUN
arjefm-1157	135	3	then	then	ADV
arjefm-1157	135	4	concluded	conclude	VERB
arjefm-1157	135	5	that	that	SCONJ
arjefm-1157	135	6	irrespective	irrespective	ADV
arjefm-1157	135	7	of	of	ADP
arjefm-1157	135	8	how	how	SCONJ
arjefm-1157	135	9	we	we	PRON
arjefm-1157	135	10	observed	observe	VERB
arjefm-1157	135	11	fdi	fdi	NOUN
arjefm-1157	135	12	to	to	PART
arjefm-1157	135	13	be	be	AUX
arjefm-1157	135	14	negatively	negatively	ADV
arjefm-1157	135	15	related	relate	VERB
arjefm-1157	135	16	with	with	ADP
arjefm-1157	135	17	variables	variable	NOUN
arjefm-1157	135	18	,	,	PUNCT
arjefm-1157	135	19	it	it	PRON
arjefm-1157	135	20	is	be	AUX
arjefm-1157	135	21	still	still	ADV
arjefm-1157	135	22	vital	vital	ADJ
arjefm-1157	135	23	for	for	ADP
arjefm-1157	135	24	the	the	DET
arjefm-1157	135	25	economic	economic	ADJ
arjefm-1157	135	26	growth	growth	NOUN
arjefm-1157	135	27	of	of	ADP
arjefm-1157	135	28	less	less	ADJ
arjefm-1157	135	29	developed	developed	ADJ
arjefm-1157	135	30	countries	country	NOUN
arjefm-1157	135	31	of	of	ADP
arjefm-1157	135	32	the	the	DET
arjefm-1157	135	33	world	world	NOUN
arjefm-1157	135	34	,	,	PUNCT
arjefm-1157	135	35	and	and	CCONJ
arjefm-1157	135	36	as	as	SCONJ
arjefm-1157	135	37	such	such	DET
arjefm-1157	135	38	the	the	DET
arjefm-1157	135	39	study	study	NOUN
arjefm-1157	135	40	then	then	ADV
arjefm-1157	135	41	recommended	recommend	VERB
arjefm-1157	135	42	that	that	SCONJ
arjefm-1157	135	43	government	government	NOUN
arjefm-1157	135	44	should	should	AUX
arjefm-1157	135	45	ensure	ensure	VERB
arjefm-1157	135	46	machineries	machinery	NOUN
arjefm-1157	135	47	are	be	AUX
arjefm-1157	135	48	put	put	VERB
arjefm-1157	135	49	in	in	ADP
arjefm-1157	135	50	place	place	NOUN
arjefm-1157	135	51	to	to	PART
arjefm-1157	135	52	encourage	encourage	VERB
arjefm-1157	135	53	foreign	foreign	ADJ
arjefm-1157	135	54	investors	investor	NOUN
arjefm-1157	135	55	coming	come	VERB
arjefm-1157	135	56	into	into	ADP
arjefm-1157	135	57	the	the	DET
arjefm-1157	135	58	country	country	NOUN
arjefm-1157	135	59	for	for	ADP
arjefm-1157	135	60	investment	investment	NOUN
arjefm-1157	135	61	.	.	PUNCT
arjefm-1157	136	1	arawomo	arawomo	INTJ
arjefm-1157	136	2	and	and	CCONJ
arjefm-1157	136	3	apanisile	apanisile	ADJ
arjefm-1157	136	4	(	(	PUNCT
arjefm-1157	136	5	2018	2018	NUM
arjefm-1157	136	6	)	)	PUNCT
arjefm-1157	136	7	examined	examine	VERB
arjefm-1157	136	8	the	the	DET
arjefm-1157	136	9	strategic	strategic	ADJ
arjefm-1157	136	10	drivers	driver	NOUN
arjefm-1157	136	11	of	of	ADP
arjefm-1157	136	12	fdi	fdi	PROPN
arjefm-1157	136	13	in	in	ADP
arjefm-1157	136	14	the	the	DET
arjefm-1157	136	15	nigerian	nigerian	ADJ
arjefm-1157	136	16	communications	communication	NOUN
arjefm-1157	136	17	industry	industry	NOUN
arjefm-1157	136	18	while	while	SCONJ
arjefm-1157	136	19	examining	examine	VERB
arjefm-1157	136	20	determinants	determinant	NOUN
arjefm-1157	136	21	of	of	ADP
arjefm-1157	136	22	fdi	fdi	PROPN
arjefm-1157	136	23	in	in	ADP
arjefm-1157	136	24	nigeria	nigeria	PROPN
arjefm-1157	136	25	.	.	PUNCT
arjefm-1157	137	1	the	the	DET
arjefm-1157	137	2	study	study	NOUN
arjefm-1157	137	3	collected	collect	VERB
arjefm-1157	137	4	data	datum	NOUN
arjefm-1157	137	5	from	from	ADP
arjefm-1157	137	6	central	central	ADJ
arjefm-1157	137	7	bank	bank	PROPN
arjefm-1157	137	8	of	of	ADP
arjefm-1157	137	9	nigeria	nigeria	PROPN
arjefm-1157	137	10	's	's	PART
arjefm-1157	137	11	statistical	statistical	ADJ
arjefm-1157	137	12	report	report	NOUN
arjefm-1157	137	13	.	.	PUNCT
arjefm-1157	138	1	the	the	DET
arjefm-1157	138	2	variables	variable	NOUN
arjefm-1157	138	3	used	use	VERB
arjefm-1157	138	4	in	in	ADP
arjefm-1157	138	5	the	the	DET
arjefm-1157	138	6	study	study	NOUN
arjefm-1157	138	7	include	include	VERB
arjefm-1157	138	8	:	:	PUNCT
arjefm-1157	138	9	the	the	DET
arjefm-1157	138	10	number	number	NOUN
arjefm-1157	138	11	of	of	ADP
arjefm-1157	138	12	telecom	telecom	NOUN
arjefm-1157	138	13	users	user	NOUN
arjefm-1157	138	14	,	,	PUNCT
arjefm-1157	138	15	interest	interest	NOUN
arjefm-1157	138	16	rate	rate	NOUN
arjefm-1157	138	17	,	,	PUNCT
arjefm-1157	138	18	foreign	foreign	ADJ
arjefm-1157	138	19	currency	currency	NOUN
arjefm-1157	138	20	rate	rate	NOUN
arjefm-1157	138	21	,	,	PUNCT
arjefm-1157	138	22	and	and	CCONJ
arjefm-1157	138	23	inflation	inflation	NOUN
arjefm-1157	138	24	.	.	PUNCT
arjefm-1157	139	1	graphs	graph	NOUN
arjefm-1157	139	2	,	,	PUNCT
arjefm-1157	139	3	the	the	DET
arjefm-1157	139	4	t	t	NOUN
arjefm-1157	139	5	-	-	PUNCT
arjefm-1157	139	6	test	test	NOUN
arjefm-1157	139	7	,	,	PUNCT
arjefm-1157	139	8	and	and	CCONJ
arjefm-1157	139	9	the	the	DET
arjefm-1157	139	10	autoregressive	autoregressive	ADJ
arjefm-1157	139	11	distributed	distribute	VERB
arjefm-1157	139	12	lag	lag	NOUN
arjefm-1157	139	13	were	be	AUX
arjefm-1157	139	14	used	use	VERB
arjefm-1157	139	15	to	to	PART
arjefm-1157	139	16	analyse	analyse	VERB
arjefm-1157	139	17	the	the	DET
arjefm-1157	139	18	data	datum	NOUN
arjefm-1157	139	19	(	(	PUNCT
arjefm-1157	139	20	ardl	ardl	NOUN
arjefm-1157	139	21	)	)	PUNCT
arjefm-1157	139	22	.	.	PUNCT
arjefm-1157	140	1	the	the	DET
arjefm-1157	140	2	study	study	NOUN
arjefm-1157	140	3	comes	come	VERB
arjefm-1157	140	4	to	to	ADP
arjefm-1157	140	5	the	the	DET
arjefm-1157	140	6	conclusion	conclusion	NOUN
arjefm-1157	140	7	that	that	SCONJ
arjefm-1157	140	8	market	market	NOUN
arjefm-1157	140	9	size	size	NOUN
arjefm-1157	140	10	,	,	PUNCT
arjefm-1157	140	11	trade	trade	NOUN
arjefm-1157	140	12	openness	openness	NOUN
arjefm-1157	140	13	,	,	PUNCT
arjefm-1157	140	14	government	government	NOUN
arjefm-1157	140	15	spending	spending	NOUN
arjefm-1157	140	16	,	,	PUNCT
arjefm-1157	140	17	inflation	inflation	NOUN
arjefm-1157	140	18	,	,	PUNCT
arjefm-1157	140	19	and	and	CCONJ
arjefm-1157	140	20	interest	interest	NOUN
arjefm-1157	140	21	rate	rate	NOUN
arjefm-1157	140	22	are	be	AUX
arjefm-1157	140	23	the	the	DET
arjefm-1157	140	24	major	major	ADJ
arjefm-1157	140	25	factors	factor	NOUN
arjefm-1157	140	26	influencing	influence	VERB
arjefm-1157	140	27	flow	flow	NOUN
arjefm-1157	140	28	of	of	ADP
arjefm-1157	140	29	fdi	fdi	NOUN
arjefm-1157	140	30	into	into	ADP
arjefm-1157	140	31	the	the	DET
arjefm-1157	140	32	nigerian	nigerian	ADJ
arjefm-1157	140	33	telecom	telecom	NOUN
arjefm-1157	140	34	sector	sector	NOUN
arjefm-1157	140	35	.	.	PUNCT
arjefm-1157	141	1	the	the	DET
arjefm-1157	141	2	study	study	NOUN
arjefm-1157	141	3	also	also	ADV
arjefm-1157	141	4	found	find	VERB
arjefm-1157	141	5	out	out	ADP
arjefm-1157	141	6	that	that	PRON
arjefm-1157	141	7	found	find	VERB
arjefm-1157	141	8	that	that	SCONJ
arjefm-1157	141	9	the	the	DET
arjefm-1157	141	10	historical	historical	ADJ
arjefm-1157	141	11	foreign	foreign	ADJ
arjefm-1157	141	12	investment	investment	NOUN
arjefm-1157	141	13	,	,	PUNCT
arjefm-1157	141	14	market	market	NOUN
arjefm-1157	141	15	size	size	NOUN
arjefm-1157	141	16	,	,	PUNCT
arjefm-1157	141	17	exchange	exchange	NOUN
arjefm-1157	141	18	rate	rate	NOUN
arjefm-1157	141	19	,	,	PUNCT
arjefm-1157	141	20	and	and	CCONJ
arjefm-1157	141	21	gdp	gdp	NOUN
arjefm-1157	141	22	growth	growth	NOUN
arjefm-1157	141	23	have	have	AUX
arjefm-1157	141	24	become	become	VERB
arjefm-1157	141	25	the	the	DET
arjefm-1157	141	26	main	main	ADJ
arjefm-1157	141	27	drivers	driver	NOUN
arjefm-1157	141	28	of	of	ADP
arjefm-1157	141	29	foreign	foreign	ADJ
arjefm-1157	141	30	investment	investment	NOUN
arjefm-1157	141	31	inflows	inflow	NOUN
arjefm-1157	141	32	to	to	ADP
arjefm-1157	141	33	nigeria	nigeria	PROPN
arjefm-1157	141	34	and	and	CCONJ
arjefm-1157	141	35	that	that	SCONJ
arjefm-1157	141	36	these	these	DET
arjefm-1157	141	37	macroeconomic	macroeconomic	ADJ
arjefm-1157	141	38	factors	factor	NOUN
arjefm-1157	141	39	have	have	VERB
arjefm-1157	141	40	a	a	DET
arjefm-1157	141	41	positive	positive	ADJ
arjefm-1157	141	42	and	and	CCONJ
arjefm-1157	141	43	significant	significant	ADJ
arjefm-1157	141	44	impact	impact	NOUN
arjefm-1157	141	45	on	on	ADP
arjefm-1157	141	46	fdi	fdi	NOUN
arjefm-1157	141	47	inflows	inflow	NOUN
arjefm-1157	141	48	in	in	ADP
arjefm-1157	141	49	nigeria	nigeria	PROPN
arjefm-1157	141	50	american	american	PROPN
arjefm-1157	141	51	research	research	PROPN
arjefm-1157	141	52	journal	journal	PROPN
arjefm-1157	141	53	of	of	ADP
arjefm-1157	141	54	economics	economic	NOUN
arjefm-1157	141	55	,	,	PUNCT
arjefm-1157	141	56	finance	finance	NOUN
arjefm-1157	141	57	and	and	CCONJ
arjefm-1157	141	58	management	management	NOUN
arjefm-1157	141	59	volume	volume	NOUN
arjefm-1157	141	60	13	13	NUM
arjefm-1157	141	61	issue	issue	NOUN
arjefm-1157	141	62	1	1	NUM
arjefm-1157	141	63	,	,	PUNCT
arjefm-1157	141	64	january	january	PROPN
arjefm-1157	141	65	-	-	PUNCT
arjefm-1157	141	66	march	march	PROPN
arjefm-1157	141	67	2025	2025	NUM
arjefm-1157	141	68	issn	issn	NOUN
arjefm-1157	141	69	:	:	PUNCT
arjefm-1157	141	70	2836	2836	NUM
arjefm-1157	141	71	-	-	SYM
arjefm-1157	141	72	9416	9416	NUM
arjefm-1157	141	73	impact	impact	NOUN
arjefm-1157	141	74	factor	factor	NOUN
arjefm-1157	141	75	:	:	PUNCT
arjefm-1157	141	76	6.41	6.41	NUM
arjefm-1157	141	77	journal	journal	NOUN
arjefm-1157	141	78	homepage	homepage	NOUN
arjefm-1157	141	79	:	:	PUNCT
arjefm-1157	141	80	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	141	81	,	,	PUNCT
arjefm-1157	141	82	email	email	NOUN
arjefm-1157	141	83	:	:	PUNCT
arjefm-1157	141	84	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	141	85	official	official	ADJ
arjefm-1157	141	86	journal	journal	PROPN
arjefm-1157	141	87	of	of	ADP
arjefm-1157	141	88	america	america	PROPN
arjefm-1157	141	89	serial	serial	PROPN
arjefm-1157	141	90	publication	publication	NOUN
arjefm-1157	141	91	american	american	PROPN
arjefm-1157	141	92	research	research	PROPN
arjefm-1157	141	93	journal	journal	PROPN
arjefm-1157	141	94	of	of	ADP
arjefm-1157	141	95	economics	economic	NOUN
arjefm-1157	141	96	,	,	PUNCT
arjefm-1157	141	97	finance	finance	NOUN
arjefm-1157	141	98	and	and	CCONJ
arjefm-1157	141	99	management	management	NOUN
arjefm-1157	141	100	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	141	101	,	,	PUNCT
arjefm-1157	141	102	email	email	NOUN
arjefm-1157	141	103	:	:	PUNCT
arjefm-1157	141	104	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	141	105	69	69	NUM
arjefm-1157	142	1	|	|	ADV
arjefm-1157	142	2	p	p	NOUN
arjefm-1157	142	3	a	a	DET
arjefm-1157	142	4	g	g	NOUN
arjefm-1157	142	5	e	e	NOUN
arjefm-1157	142	6	odili	odili	NOUN
arjefm-1157	142	7	(	(	PUNCT
arjefm-1157	142	8	2015	2015	NUM
arjefm-1157	142	9	)	)	PUNCT
arjefm-1157	142	10	examined	examine	VERB
arjefm-1157	142	11	the	the	DET
arjefm-1157	142	12	impact	impact	NOUN
arjefm-1157	142	13	of	of	ADP
arjefm-1157	142	14	stock	stock	NOUN
arjefm-1157	142	15	market	market	NOUN
arjefm-1157	142	16	performance	performance	NOUN
arjefm-1157	142	17	and	and	CCONJ
arjefm-1157	142	18	exchange	exchange	NOUN
arjefm-1157	142	19	rate	rate	NOUN
arjefm-1157	142	20	volatility	volatility	NOUN
arjefm-1157	142	21	on	on	ADP
arjefm-1157	142	22	the	the	DET
arjefm-1157	142	23	inflow	inflow	NOUN
arjefm-1157	142	24	of	of	ADP
arjefm-1157	142	25	foreign	foreign	ADJ
arjefm-1157	142	26	direct	direct	ADJ
arjefm-1157	142	27	investment	investment	NOUN
arjefm-1157	142	28	into	into	ADP
arjefm-1157	142	29	nigeria	nigeria	PROPN
arjefm-1157	142	30	.	.	PUNCT
arjefm-1157	143	1	the	the	DET
arjefm-1157	143	2	study	study	NOUN
arjefm-1157	143	3	used	use	VERB
arjefm-1157	143	4	time	time	NOUN
arjefm-1157	143	5	series	series	PROPN
arjefm-1157	143	6	data	datum	NOUN
arjefm-1157	143	7	sourced	source	VERB
arjefm-1157	143	8	from	from	ADP
arjefm-1157	143	9	secondary	secondary	ADJ
arjefm-1157	143	10	source	source	NOUN
arjefm-1157	143	11	and	and	CCONJ
arjefm-1157	143	12	covered	cover	VERB
arjefm-1157	143	13	the	the	DET
arjefm-1157	143	14	years	year	NOUN
arjefm-1157	143	15	1980	1980	NUM
arjefm-1157	143	16	to	to	ADP
arjefm-1157	143	17	2013	2013	NUM
arjefm-1157	143	18	.	.	PUNCT
arjefm-1157	144	1	the	the	DET
arjefm-1157	144	2	study	study	NOUN
arjefm-1157	144	3	used	use	VERB
arjefm-1157	144	4	the	the	DET
arjefm-1157	144	5	ordinary	ordinary	ADJ
arjefm-1157	144	6	least	least	ADJ
arjefm-1157	144	7	square	square	ADJ
arjefm-1157	144	8	method	method	NOUN
arjefm-1157	144	9	in	in	ADP
arjefm-1157	144	10	its	its	PRON
arjefm-1157	144	11	estimation	estimation	NOUN
arjefm-1157	144	12	.	.	PUNCT
arjefm-1157	145	1	the	the	DET
arjefm-1157	145	2	study	study	NOUN
arjefm-1157	145	3	's	's	PART
arjefm-1157	145	4	findings	finding	NOUN
arjefm-1157	145	5	verified	verify	VERB
arjefm-1157	145	6	that	that	SCONJ
arjefm-1157	145	7	exchange	exchange	NOUN
arjefm-1157	145	8	rate	rate	NOUN
arjefm-1157	145	9	volatility	volatility	NOUN
arjefm-1157	145	10	has	have	VERB
arjefm-1157	145	11	both	both	CCONJ
arjefm-1157	145	12	a	a	DET
arjefm-1157	145	13	long	long	ADJ
arjefm-1157	145	14	-	-	PUNCT
arjefm-1157	145	15	term	term	NOUN
arjefm-1157	145	16	and	and	CCONJ
arjefm-1157	145	17	short	short	ADJ
arjefm-1157	145	18	-	-	PUNCT
arjefm-1157	145	19	term	term	NOUN
arjefm-1157	145	20	negative	negative	ADJ
arjefm-1157	145	21	and	and	CCONJ
arjefm-1157	145	22	considerable	considerable	ADJ
arjefm-1157	145	23	impact	impact	NOUN
arjefm-1157	145	24	on	on	ADP
arjefm-1157	145	25	the	the	DET
arjefm-1157	145	26	flow	flow	NOUN
arjefm-1157	145	27	of	of	ADP
arjefm-1157	145	28	foreign	foreign	ADJ
arjefm-1157	145	29	direct	direct	ADJ
arjefm-1157	145	30	investment	investment	NOUN
arjefm-1157	145	31	into	into	ADP
arjefm-1157	145	32	nigeria	nigeria	PROPN
arjefm-1157	145	33	.	.	PUNCT
arjefm-1157	146	1	according	accord	VERB
arjefm-1157	146	2	to	to	ADP
arjefm-1157	146	3	reports	report	NOUN
arjefm-1157	146	4	,	,	PUNCT
arjefm-1157	146	5	nigeria	nigeria	PROPN
arjefm-1157	146	6	would	would	AUX
arjefm-1157	146	7	undoubtedly	undoubtedly	ADV
arjefm-1157	146	8	draw	draw	VERB
arjefm-1157	146	9	direct	direct	ADJ
arjefm-1157	146	10	foreign	foreign	ADJ
arjefm-1157	146	11	investment	investment	NOUN
arjefm-1157	146	12	if	if	SCONJ
arjefm-1157	146	13	its	its	PRON
arjefm-1157	146	14	capital	capital	NOUN
arjefm-1157	146	15	market	market	NOUN
arjefm-1157	146	16	is	be	AUX
arjefm-1157	146	17	strong	strong	ADJ
arjefm-1157	146	18	and	and	CCONJ
arjefm-1157	146	19	stable	stable	ADJ
arjefm-1157	146	20	.	.	PUNCT
arjefm-1157	147	1	in	in	ADP
arjefm-1157	147	2	order	order	NOUN
arjefm-1157	147	3	to	to	PART
arjefm-1157	147	4	improve	improve	VERB
arjefm-1157	147	5	domestic	domestic	ADJ
arjefm-1157	147	6	production	production	NOUN
arjefm-1157	147	7	of	of	ADP
arjefm-1157	147	8	export	export	NOUN
arjefm-1157	147	9	goods	good	NOUN
arjefm-1157	147	10	,	,	PUNCT
arjefm-1157	147	11	the	the	DET
arjefm-1157	147	12	research	research	NOUN
arjefm-1157	147	13	recommends	recommend	VERB
arjefm-1157	147	14	the	the	DET
arjefm-1157	147	15	implementation	implementation	NOUN
arjefm-1157	147	16	of	of	ADP
arjefm-1157	147	17	appropriate	appropriate	ADJ
arjefm-1157	147	18	exchange	exchange	NOUN
arjefm-1157	147	19	rate	rate	NOUN
arjefm-1157	147	20	management	management	NOUN
arjefm-1157	147	21	systems	system	NOUN
arjefm-1157	147	22	and	and	CCONJ
arjefm-1157	147	23	regulations	regulation	NOUN
arjefm-1157	147	24	.	.	PUNCT
arjefm-1157	148	1	amassoma	amassoma	PROPN
arjefm-1157	148	2	(	(	PUNCT
arjefm-1157	148	3	2014	2014	NUM
arjefm-1157	148	4	)	)	PUNCT
arjefm-1157	148	5	in	in	ADP
arjefm-1157	148	6	another	another	DET
arjefm-1157	148	7	study	study	NOUN
arjefm-1157	148	8	had	have	AUX
arjefm-1157	148	9	investigated	investigate	VERB
arjefm-1157	148	10	the	the	DET
arjefm-1157	148	11	influence	influence	NOUN
arjefm-1157	148	12	of	of	ADP
arjefm-1157	148	13	exchange	exchange	NOUN
arjefm-1157	148	14	rate	rate	NOUN
arjefm-1157	148	15	on	on	ADP
arjefm-1157	148	16	capital	capital	NOUN
arjefm-1157	148	17	inflows	inflow	NOUN
arjefm-1157	148	18	(	(	PUNCT
arjefm-1157	148	19	foreign	foreign	ADJ
arjefm-1157	148	20	direct	direct	ADJ
arjefm-1157	148	21	investment	investment	NOUN
arjefm-1157	148	22	and	and	CCONJ
arjefm-1157	148	23	foreign	foreign	ADJ
arjefm-1157	148	24	portfolio	portfolio	NOUN
arjefm-1157	148	25	investment	investment	NOUN
arjefm-1157	148	26	)	)	PUNCT
arjefm-1157	148	27	in	in	ADP
arjefm-1157	148	28	nigeria	nigeria	PRON
arjefm-1157	148	29	between	between	ADP
arjefm-1157	148	30	1986	1986	NUM
arjefm-1157	148	31	and	and	CCONJ
arjefm-1157	148	32	2011	2011	NUM
arjefm-1157	148	33	.	.	PUNCT
arjefm-1157	149	1	the	the	DET
arjefm-1157	149	2	study	study	NOUN
arjefm-1157	149	3	used	use	VERB
arjefm-1157	149	4	time	time	NOUN
arjefm-1157	149	5	series	series	PROPN
arjefm-1157	149	6	secondary	secondary	ADJ
arjefm-1157	149	7	data	datum	NOUN
arjefm-1157	149	8	collected	collect	VERB
arjefm-1157	149	9	from	from	ADP
arjefm-1157	149	10	central	central	ADJ
arjefm-1157	149	11	bank	bank	PROPN
arjefm-1157	149	12	of	of	ADP
arjefm-1157	149	13	nigeria	nigeria	PROPN
arjefm-1157	149	14	of	of	ADP
arjefm-1157	149	15	various	various	ADJ
arjefm-1157	149	16	years	year	NOUN
arjefm-1157	149	17	.	.	PUNCT
arjefm-1157	150	1	the	the	DET
arjefm-1157	150	2	study	study	NOUN
arjefm-1157	150	3	used	use	VERB
arjefm-1157	150	4	granger	granger	PROPN
arjefm-1157	150	5	causality	causality	NOUN
arjefm-1157	150	6	and	and	CCONJ
arjefm-1157	150	7	the	the	DET
arjefm-1157	150	8	error	error	NOUN
arjefm-1157	150	9	correction	correction	NOUN
arjefm-1157	150	10	modeling	modeling	NOUN
arjefm-1157	150	11	(	(	PUNCT
arjefm-1157	150	12	ecm	ecm	NOUN
arjefm-1157	150	13	)	)	PUNCT
arjefm-1157	150	14	techniques	technique	NOUN
arjefm-1157	150	15	in	in	ADP
arjefm-1157	150	16	the	the	DET
arjefm-1157	150	17	investigation	investigation	NOUN
arjefm-1157	150	18	.	.	PUNCT
arjefm-1157	151	1	the	the	DET
arjefm-1157	151	2	result	result	NOUN
arjefm-1157	151	3	of	of	ADP
arjefm-1157	151	4	the	the	DET
arjefm-1157	151	5	causality	causality	NOUN
arjefm-1157	151	6	estimations	estimation	NOUN
arjefm-1157	151	7	revealed	reveal	VERB
arjefm-1157	151	8	that	that	SCONJ
arjefm-1157	151	9	there	there	PRON
arjefm-1157	151	10	was	be	VERB
arjefm-1157	151	11	no	no	DET
arjefm-1157	151	12	significant	significant	ADJ
arjefm-1157	151	13	correlation	correlation	NOUN
arjefm-1157	151	14	between	between	ADP
arjefm-1157	151	15	the	the	DET
arjefm-1157	151	16	exchange	exchange	NOUN
arjefm-1157	151	17	rate	rate	NOUN
arjefm-1157	151	18	and	and	CCONJ
arjefm-1157	151	19	capital	capital	NOUN
arjefm-1157	151	20	inflows	inflow	NOUN
arjefm-1157	151	21	that	that	PRON
arjefm-1157	151	22	is	be	AUX
arjefm-1157	151	23	,	,	PUNCT
arjefm-1157	151	24	foreign	foreign	ADJ
arjefm-1157	151	25	direct	direct	ADJ
arjefm-1157	151	26	investment	investment	NOUN
arjefm-1157	151	27	and	and	CCONJ
arjefm-1157	151	28	foreign	foreign	ADJ
arjefm-1157	151	29	portfolio	portfolio	NOUN
arjefm-1157	151	30	investment	investment	NOUN
arjefm-1157	151	31	during	during	ADP
arjefm-1157	151	32	the	the	DET
arjefm-1157	151	33	period	period	NOUN
arjefm-1157	151	34	of	of	ADP
arjefm-1157	151	35	investigation	investigation	NOUN
arjefm-1157	151	36	.	.	PUNCT
arjefm-1157	152	1	the	the	DET
arjefm-1157	152	2	result	result	NOUN
arjefm-1157	152	3	of	of	ADP
arjefm-1157	152	4	the	the	DET
arjefm-1157	152	5	long	long	ADJ
arjefm-1157	152	6	-	-	PUNCT
arjefm-1157	152	7	term	term	NOUN
arjefm-1157	152	8	regression	regression	NOUN
arjefm-1157	152	9	also	also	ADV
arjefm-1157	152	10	showed	show	VERB
arjefm-1157	152	11	that	that	SCONJ
arjefm-1157	152	12	,	,	PUNCT
arjefm-1157	152	13	foreign	foreign	ADJ
arjefm-1157	152	14	direct	direct	ADJ
arjefm-1157	152	15	investment	investment	NOUN
arjefm-1157	152	16	had	have	VERB
arjefm-1157	152	17	a	a	DET
arjefm-1157	152	18	negative	negative	ADJ
arjefm-1157	152	19	influence	influence	NOUN
arjefm-1157	152	20	on	on	ADP
arjefm-1157	152	21	exchange	exchange	NOUN
arjefm-1157	152	22	rates	rate	NOUN
arjefm-1157	152	23	,	,	PUNCT
arjefm-1157	152	24	but	but	CCONJ
arjefm-1157	152	25	portfolio	portfolio	NOUN
arjefm-1157	152	26	investments	investment	NOUN
arjefm-1157	152	27	had	have	VERB
arjefm-1157	152	28	a	a	DET
arjefm-1157	152	29	positive	positive	ADJ
arjefm-1157	152	30	effect	effect	NOUN
arjefm-1157	152	31	.	.	PUNCT
arjefm-1157	153	1	the	the	DET
arjefm-1157	153	2	fact	fact	NOUN
arjefm-1157	153	3	that	that	SCONJ
arjefm-1157	153	4	the	the	DET
arjefm-1157	153	5	short	short	ADJ
arjefm-1157	153	6	-	-	PUNCT
arjefm-1157	153	7	term	term	NOUN
arjefm-1157	153	8	result	result	NOUN
arjefm-1157	153	9	was	be	AUX
arjefm-1157	153	10	the	the	DET
arjefm-1157	153	11	same	same	ADJ
arjefm-1157	153	12	as	as	SCONJ
arjefm-1157	153	13	the	the	DET
arjefm-1157	153	14	causation	causation	NOUN
arjefm-1157	153	15	finding	find	VERB
arjefm-1157	153	16	shows	show	VERB
arjefm-1157	153	17	that	that	SCONJ
arjefm-1157	153	18	neither	neither	CCONJ
arjefm-1157	153	19	foreign	foreign	ADJ
arjefm-1157	153	20	direct	direct	ADJ
arjefm-1157	153	21	investment	investment	NOUN
arjefm-1157	153	22	nor	nor	CCONJ
arjefm-1157	153	23	foreign	foreign	ADJ
arjefm-1157	153	24	portfolio	portfolio	NOUN
arjefm-1157	153	25	investment	investment	NOUN
arjefm-1157	153	26	had	have	VERB
arjefm-1157	153	27	a	a	DET
arjefm-1157	153	28	significant	significant	ADJ
arjefm-1157	153	29	impact	impact	NOUN
arjefm-1157	153	30	on	on	ADP
arjefm-1157	153	31	the	the	DET
arjefm-1157	153	32	exchange	exchange	NOUN
arjefm-1157	153	33	rate	rate	NOUN
arjefm-1157	153	34	.	.	PUNCT
arjefm-1157	154	1	the	the	DET
arjefm-1157	154	2	study	study	NOUN
arjefm-1157	154	3	came	come	VERB
arjefm-1157	154	4	to	to	ADP
arjefm-1157	154	5	the	the	DET
arjefm-1157	154	6	conclusion	conclusion	NOUN
arjefm-1157	154	7	that	that	SCONJ
arjefm-1157	154	8	there	there	PRON
arjefm-1157	154	9	is	be	VERB
arjefm-1157	154	10	a	a	DET
arjefm-1157	154	11	long	long	ADJ
arjefm-1157	154	12	-	-	PUNCT
arjefm-1157	154	13	term	term	NOUN
arjefm-1157	154	14	link	link	NOUN
arjefm-1157	154	15	between	between	ADP
arjefm-1157	154	16	fdi	fdi	PROPN
arjefm-1157	154	17	and	and	CCONJ
arjefm-1157	154	18	the	the	DET
arjefm-1157	154	19	currency	currency	NOUN
arjefm-1157	154	20	level	level	NOUN
arjefm-1157	154	21	in	in	ADP
arjefm-1157	154	22	nigeria	nigeria	PROPN
arjefm-1157	154	23	and	and	CCONJ
arjefm-1157	154	24	therefore	therefore	ADV
arjefm-1157	154	25	recommended	recommend	VERB
arjefm-1157	154	26	that	that	SCONJ
arjefm-1157	154	27	government	government	NOUN
arjefm-1157	154	28	should	should	AUX
arjefm-1157	154	29	ensure	ensure	VERB
arjefm-1157	154	30	a	a	DET
arjefm-1157	154	31	functional	functional	ADJ
arjefm-1157	154	32	and	and	CCONJ
arjefm-1157	154	33	regulated	regulated	ADJ
arjefm-1157	154	34	capital	capital	NOUN
arjefm-1157	154	35	market	market	NOUN
arjefm-1157	154	36	that	that	PRON
arjefm-1157	154	37	will	will	AUX
arjefm-1157	154	38	lead	lead	VERB
arjefm-1157	154	39	to	to	ADP
arjefm-1157	154	40	a	a	DET
arjefm-1157	154	41	stable	stable	ADJ
arjefm-1157	154	42	economy	economy	NOUN
arjefm-1157	154	43	.	.	PUNCT
arjefm-1157	155	1	omorokunwa	omorokunwa	PROPN
arjefm-1157	155	2	and	and	CCONJ
arjefm-1157	155	3	ikponmwosa	ikponmwosa	PROPN
arjefm-1157	155	4	(	(	PUNCT
arjefm-1157	155	5	2014	2014	NUM
arjefm-1157	155	6	)	)	PUNCT
arjefm-1157	155	7	had	have	AUX
arjefm-1157	155	8	investigated	investigate	VERB
arjefm-1157	155	9	the	the	DET
arjefm-1157	155	10	dynamic	dynamic	ADJ
arjefm-1157	155	11	relationship	relationship	NOUN
arjefm-1157	155	12	between	between	ADP
arjefm-1157	155	13	currency	currency	NOUN
arjefm-1157	155	14	rate	rate	NOUN
arjefm-1157	155	15	volatility	volatility	NOUN
arjefm-1157	155	16	and	and	CCONJ
arjefm-1157	155	17	foreign	foreign	ADJ
arjefm-1157	155	18	private	private	ADJ
arjefm-1157	155	19	investment	investment	NOUN
arjefm-1157	155	20	in	in	ADP
arjefm-1157	155	21	nigeria	nigeria	PROPN
arjefm-1157	155	22	.	.	PUNCT
arjefm-1157	156	1	the	the	DET
arjefm-1157	156	2	study	study	NOUN
arjefm-1157	156	3	covered	cover	VERB
arjefm-1157	156	4	the	the	DET
arjefm-1157	156	5	period	period	NOUN
arjefm-1157	156	6	1980	1980	NUM
arjefm-1157	156	7	to	to	ADP
arjefm-1157	156	8	2011	2011	NUM
arjefm-1157	156	9	.	.	PUNCT
arjefm-1157	157	1	the	the	DET
arjefm-1157	157	2	study	study	NOUN
arjefm-1157	157	3	used	use	VERB
arjefm-1157	157	4	the	the	DET
arjefm-1157	157	5	augmented	augment	VERB
arjefm-1157	157	6	dickey	dickey	PROPN
arjefm-1157	157	7	fuller	full	ADJ
arjefm-1157	157	8	(	(	PUNCT
arjefm-1157	157	9	adf	adf	NOUN
arjefm-1157	157	10	)	)	PUNCT
arjefm-1157	157	11	test	test	NOUN
arjefm-1157	157	12	to	to	PART
arjefm-1157	157	13	find	find	VERB
arjefm-1157	157	14	out	out	ADP
arjefm-1157	157	15	the	the	DET
arjefm-1157	157	16	stationarity	stationarity	NOUN
arjefm-1157	157	17	of	of	ADP
arjefm-1157	157	18	the	the	DET
arjefm-1157	157	19	data	datum	NOUN
arjefm-1157	157	20	used	use	VERB
arjefm-1157	157	21	in	in	ADP
arjefm-1157	157	22	the	the	DET
arjefm-1157	157	23	study	study	NOUN
arjefm-1157	157	24	.	.	PUNCT
arjefm-1157	158	1	error	error	NOUN
arjefm-1157	158	2	correction	correction	NOUN
arjefm-1157	158	3	model	model	NOUN
arjefm-1157	158	4	(	(	PUNCT
arjefm-1157	158	5	ecm	ecm	PROPN
arjefm-1157	158	6	)	)	PUNCT
arjefm-1157	158	7	was	be	AUX
arjefm-1157	158	8	also	also	ADV
arjefm-1157	158	9	used	use	VERB
arjefm-1157	158	10	to	to	PART
arjefm-1157	158	11	analyze	analyze	VERB
arjefm-1157	158	12	the	the	DET
arjefm-1157	158	13	data	datum	NOUN
arjefm-1157	158	14	and	and	CCONJ
arjefm-1157	158	15	the	the	DET
arjefm-1157	158	16	engle	engle	PROPN
arjefm-1157	158	17	and	and	CCONJ
arjefm-1157	158	18	granger	granger	PROPN
arjefm-1157	158	19	twostep	twostep	PROPN
arjefm-1157	158	20	method	method	NOUN
arjefm-1157	158	21	was	be	AUX
arjefm-1157	158	22	used	use	VERB
arjefm-1157	158	23	to	to	PART
arjefm-1157	158	24	do	do	VERB
arjefm-1157	158	25	the	the	DET
arjefm-1157	158	26	co	co	NOUN
arjefm-1157	158	27	-	-	NOUN
arjefm-1157	158	28	integration	integration	NOUN
arjefm-1157	158	29	method	method	NOUN
arjefm-1157	158	30	.	.	PUNCT
arjefm-1157	159	1	the	the	DET
arjefm-1157	159	2	result	result	NOUN
arjefm-1157	159	3	of	of	ADP
arjefm-1157	159	4	the	the	DET
arjefm-1157	159	5	study	study	NOUN
arjefm-1157	159	6	that	that	PRON
arjefm-1157	159	7	,	,	PUNCT
arjefm-1157	159	8	exchange	exchange	NOUN
arjefm-1157	159	9	rate	rate	NOUN
arjefm-1157	159	10	american	american	PROPN
arjefm-1157	159	11	research	research	PROPN
arjefm-1157	159	12	journal	journal	PROPN
arjefm-1157	159	13	of	of	ADP
arjefm-1157	159	14	economics	economic	NOUN
arjefm-1157	159	15	,	,	PUNCT
arjefm-1157	159	16	finance	finance	NOUN
arjefm-1157	159	17	and	and	CCONJ
arjefm-1157	159	18	management	management	NOUN
arjefm-1157	159	19	volume	volume	NOUN
arjefm-1157	159	20	13	13	NUM
arjefm-1157	159	21	issue	issue	NOUN
arjefm-1157	159	22	1	1	NUM
arjefm-1157	159	23	,	,	PUNCT
arjefm-1157	159	24	january	january	PROPN
arjefm-1157	159	25	-	-	PUNCT
arjefm-1157	159	26	march	march	PROPN
arjefm-1157	159	27	2025	2025	NUM
arjefm-1157	159	28	issn	issn	NOUN
arjefm-1157	159	29	:	:	PUNCT
arjefm-1157	159	30	2836	2836	NUM
arjefm-1157	159	31	-	-	SYM
arjefm-1157	159	32	9416	9416	NUM
arjefm-1157	159	33	impact	impact	NOUN
arjefm-1157	159	34	factor	factor	NOUN
arjefm-1157	159	35	:	:	PUNCT
arjefm-1157	159	36	6.41	6.41	NUM
arjefm-1157	159	37	journal	journal	NOUN
arjefm-1157	159	38	homepage	homepage	NOUN
arjefm-1157	159	39	:	:	PUNCT
arjefm-1157	159	40	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	159	41	,	,	PUNCT
arjefm-1157	159	42	email	email	NOUN
arjefm-1157	159	43	:	:	PUNCT
arjefm-1157	159	44	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	159	45	official	official	ADJ
arjefm-1157	159	46	journal	journal	PROPN
arjefm-1157	159	47	of	of	ADP
arjefm-1157	159	48	america	america	PROPN
arjefm-1157	159	49	serial	serial	PROPN
arjefm-1157	159	50	publication	publication	NOUN
arjefm-1157	159	51	american	american	PROPN
arjefm-1157	159	52	research	research	PROPN
arjefm-1157	159	53	journal	journal	PROPN
arjefm-1157	159	54	of	of	ADP
arjefm-1157	159	55	economics	economic	NOUN
arjefm-1157	159	56	,	,	PUNCT
arjefm-1157	159	57	finance	finance	NOUN
arjefm-1157	159	58	and	and	CCONJ
arjefm-1157	159	59	management	management	NOUN
arjefm-1157	159	60	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	159	61	,	,	PUNCT
arjefm-1157	159	62	email	email	NOUN
arjefm-1157	159	63	:	:	PUNCT
arjefm-1157	159	64	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	160	1	70	70	NUM
arjefm-1157	161	1	|	|	ADV
arjefm-1157	161	2	p	p	X
arjefm-1157	161	3	a	a	DET
arjefm-1157	161	4	g	g	NOUN
arjefm-1157	161	5	e	e	NOUN
arjefm-1157	161	6	volatility	volatility	NOUN
arjefm-1157	161	7	has	have	VERB
arjefm-1157	161	8	moderate	moderate	ADJ
arjefm-1157	161	9	and	and	CCONJ
arjefm-1157	161	10	little	little	ADJ
arjefm-1157	161	11	impact	impact	NOUN
arjefm-1157	161	12	on	on	ADP
arjefm-1157	161	13	the	the	DET
arjefm-1157	161	14	flow	flow	NOUN
arjefm-1157	161	15	of	of	ADP
arjefm-1157	161	16	foreign	foreign	ADJ
arjefm-1157	161	17	direct	direct	ADJ
arjefm-1157	161	18	investment	investment	NOUN
arjefm-1157	161	19	(	(	PUNCT
arjefm-1157	161	20	fdi	fdi	NOUN
arjefm-1157	161	21	)	)	PUNCT
arjefm-1157	161	22	into	into	ADP
arjefm-1157	161	23	nigerian	nigerian	ADJ
arjefm-1157	161	24	economy	economy	NOUN
arjefm-1157	161	25	,	,	PUNCT
arjefm-1157	161	26	and	and	CCONJ
arjefm-1157	161	27	this	this	PRON
arjefm-1157	161	28	happened	happen	VERB
arjefm-1157	161	29	both	both	PRON
arjefm-1157	161	30	in	in	ADP
arjefm-1157	161	31	the	the	DET
arjefm-1157	161	32	short	short	ADJ
arjefm-1157	161	33	run	run	NOUN
arjefm-1157	161	34	and	and	CCONJ
arjefm-1157	161	35	in	in	ADP
arjefm-1157	161	36	the	the	DET
arjefm-1157	161	37	long	long	ADJ
arjefm-1157	161	38	run	run	NOUN
arjefm-1157	161	39	.	.	PUNCT
arjefm-1157	162	1	the	the	DET
arjefm-1157	162	2	result	result	NOUN
arjefm-1157	162	3	of	of	ADP
arjefm-1157	162	4	the	the	DET
arjefm-1157	162	5	study	study	NOUN
arjefm-1157	162	6	revealed	reveal	VERB
arjefm-1157	162	7	that	that	SCONJ
arjefm-1157	162	8	,	,	PUNCT
arjefm-1157	162	9	in	in	ADP
arjefm-1157	162	10	the	the	DET
arjefm-1157	162	11	short	short	ADJ
arjefm-1157	162	12	run	run	NOUN
arjefm-1157	162	13	,	,	PUNCT
arjefm-1157	162	14	currency	currency	NOUN
arjefm-1157	162	15	rate	rate	NOUN
arjefm-1157	162	16	volatility	volatility	NOUN
arjefm-1157	162	17	has	have	VERB
arjefm-1157	162	18	a	a	DET
arjefm-1157	162	19	trifling	trifling	ADJ
arjefm-1157	162	20	effect	effect	NOUN
arjefm-1157	162	21	on	on	ADP
arjefm-1157	162	22	foreign	foreign	ADJ
arjefm-1157	162	23	portfolio	portfolio	NOUN
arjefm-1157	162	24	investments	investment	NOUN
arjefm-1157	162	25	,	,	PUNCT
arjefm-1157	162	26	but	but	CCONJ
arjefm-1157	162	27	also	also	ADV
arjefm-1157	162	28	that	that	SCONJ
arjefm-1157	162	29	,	,	PUNCT
arjefm-1157	162	30	in	in	ADP
arjefm-1157	162	31	the	the	DET
arjefm-1157	162	32	long	long	ADJ
arjefm-1157	162	33	run	run	NOUN
arjefm-1157	162	34	,	,	PUNCT
arjefm-1157	162	35	it	it	PRON
arjefm-1157	162	36	has	have	VERB
arjefm-1157	162	37	a	a	DET
arjefm-1157	162	38	substantial	substantial	ADJ
arjefm-1157	162	39	beneficial	beneficial	ADJ
arjefm-1157	162	40	impact	impact	NOUN
arjefm-1157	162	41	on	on	ADP
arjefm-1157	162	42	the	the	DET
arjefm-1157	162	43	economy	economy	NOUN
arjefm-1157	162	44	.	.	PUNCT
arjefm-1157	163	1	based	base	VERB
arjefm-1157	163	2	on	on	ADP
arjefm-1157	163	3	the	the	DET
arjefm-1157	163	4	results	result	NOUN
arjefm-1157	163	5	of	of	ADP
arjefm-1157	163	6	the	the	DET
arjefm-1157	163	7	study	study	NOUN
arjefm-1157	163	8	,	,	PUNCT
arjefm-1157	163	9	the	the	DET
arjefm-1157	163	10	following	follow	VERB
arjefm-1157	163	11	recommendations	recommendation	NOUN
arjefm-1157	163	12	were	be	AUX
arjefm-1157	163	13	made	make	VERB
arjefm-1157	163	14	:	:	PUNCT
arjefm-1157	163	15	government	government	NOUN
arjefm-1157	163	16	should	should	AUX
arjefm-1157	163	17	put	put	VERB
arjefm-1157	163	18	policies	policy	NOUN
arjefm-1157	163	19	in	in	ADP
arjefm-1157	163	20	place	place	NOUN
arjefm-1157	163	21	to	to	PART
arjefm-1157	163	22	encourage	encourage	VERB
arjefm-1157	163	23	private	private	ADJ
arjefm-1157	163	24	investors	investor	NOUN
arjefm-1157	163	25	to	to	PART
arjefm-1157	163	26	produce	produce	VERB
arjefm-1157	163	27	quality	quality	NOUN
arjefm-1157	163	28	goods	good	NOUN
arjefm-1157	163	29	that	that	PRON
arjefm-1157	163	30	will	will	AUX
arjefm-1157	163	31	complement	complement	VERB
arjefm-1157	163	32	foreign	foreign	ADJ
arjefm-1157	163	33	investors	investor	NOUN
arjefm-1157	163	34	.	.	PUNCT
arjefm-1157	164	1	the	the	DET
arjefm-1157	164	2	study	study	NOUN
arjefm-1157	164	3	also	also	ADV
arjefm-1157	164	4	recommended	recommend	VERB
arjefm-1157	164	5	that	that	SCONJ
arjefm-1157	164	6	policymakers	policymaker	NOUN
arjefm-1157	164	7	should	should	AUX
arjefm-1157	164	8	create	create	VERB
arjefm-1157	164	9	a	a	DET
arjefm-1157	164	10	reliable	reliable	ADJ
arjefm-1157	164	11	mechanism	mechanism	NOUN
arjefm-1157	164	12	for	for	ADP
arjefm-1157	164	13	managing	manage	VERB
arjefm-1157	164	14	the	the	DET
arjefm-1157	164	15	country	country	NOUN
arjefm-1157	164	16	's	's	PART
arjefm-1157	164	17	currency	currency	NOUN
arjefm-1157	164	18	rates	rate	NOUN
arjefm-1157	164	19	to	to	PART
arjefm-1157	164	20	boost	boost	VERB
arjefm-1157	164	21	investment	investment	NOUN
arjefm-1157	164	22	and	and	CCONJ
arjefm-1157	164	23	thus	thus	ADV
arjefm-1157	164	24	development	development	NOUN
arjefm-1157	164	25	.	.	PUNCT
arjefm-1157	165	1	soumyananda	soumyananda	NOUN
arjefm-1157	165	2	(	(	PUNCT
arjefm-1157	165	3	2014	2014	NUM
arjefm-1157	165	4	)	)	PUNCT
arjefm-1157	165	5	examined	examine	VERB
arjefm-1157	165	6	the	the	DET
arjefm-1157	165	7	factors	factor	NOUN
arjefm-1157	165	8	that	that	PRON
arjefm-1157	165	9	affected	affect	VERB
arjefm-1157	165	10	foreign	foreign	ADJ
arjefm-1157	165	11	direct	direct	ADJ
arjefm-1157	165	12	investment	investment	NOUN
arjefm-1157	165	13	in	in	ADP
arjefm-1157	165	14	nigeria	nigeria	PRON
arjefm-1157	165	15	between	between	ADP
arjefm-1157	165	16	1970	1970	NUM
arjefm-1157	165	17	and	and	CCONJ
arjefm-1157	165	18	2006	2006	NUM
arjefm-1157	165	19	.	.	PUNCT
arjefm-1157	166	1	the	the	DET
arjefm-1157	166	2	result	result	NOUN
arjefm-1157	166	3	of	of	ADP
arjefm-1157	166	4	the	the	DET
arjefm-1157	166	5	study	study	NOUN
arjefm-1157	166	6	showed	show	VERB
arjefm-1157	166	7	that	that	SCONJ
arjefm-1157	166	8	,	,	PUNCT
arjefm-1157	166	9	market	market	NOUN
arjefm-1157	166	10	size	size	NOUN
arjefm-1157	166	11	was	be	AUX
arjefm-1157	166	12	not	not	PART
arjefm-1157	166	13	a	a	DET
arjefm-1157	166	14	vital	vital	ADJ
arjefm-1157	166	15	factor	factor	NOUN
arjefm-1157	166	16	in	in	ADP
arjefm-1157	166	17	attracting	attract	VERB
arjefm-1157	166	18	longterm	longterm	ADJ
arjefm-1157	166	19	foreign	foreign	ADJ
arjefm-1157	166	20	investment	investment	NOUN
arjefm-1157	166	21	to	to	ADP
arjefm-1157	166	22	nigeria	nigeria	PROPN
arjefm-1157	166	23	.	.	PUNCT
arjefm-1157	167	1	the	the	DET
arjefm-1157	167	2	study	study	NOUN
arjefm-1157	167	3	then	then	ADV
arjefm-1157	167	4	found	find	VERB
arjefm-1157	167	5	out	out	ADP
arjefm-1157	167	6	that	that	SCONJ
arjefm-1157	167	7	,	,	PUNCT
arjefm-1157	167	8	the	the	DET
arjefm-1157	167	9	majority	majority	NOUN
arjefm-1157	167	10	of	of	ADP
arjefm-1157	167	11	fdi	fdi	NOUN
arjefm-1157	167	12	to	to	ADP
arjefm-1157	167	13	nigeria	nigeria	PROPN
arjefm-1157	167	14	is	be	AUX
arjefm-1157	167	15	resource	resource	NOUN
arjefm-1157	167	16	-	-	PUNCT
arjefm-1157	167	17	seeking	seek	VERB
arjefm-1157	167	18	meaning	meaning	NOUN
arjefm-1157	167	19	they	they	PRON
arjefm-1157	167	20	come	come	VERB
arjefm-1157	167	21	take	take	VERB
arjefm-1157	167	22	what	what	PRON
arjefm-1157	167	23	they	they	PRON
arjefm-1157	167	24	want	want	VERB
arjefm-1157	167	25	and	and	CCONJ
arjefm-1157	167	26	give	give	VERB
arjefm-1157	167	27	nigeria	nigeria	PRON
arjefm-1157	167	28	very	very	ADV
arjefm-1157	167	29	small	small	ADJ
arjefm-1157	167	30	gain	gain	NOUN
arjefm-1157	167	31	.	.	PUNCT
arjefm-1157	168	1	the	the	DET
arjefm-1157	168	2	study	study	NOUN
arjefm-1157	168	3	also	also	ADV
arjefm-1157	168	4	found	find	VERB
arjefm-1157	168	5	out	out	ADP
arjefm-1157	168	6	that	that	SCONJ
arjefm-1157	168	7	there	there	PRON
arjefm-1157	168	8	is	be	VERB
arjefm-1157	168	9	a	a	DET
arjefm-1157	168	10	considerable	considerable	ADJ
arjefm-1157	168	11	stimulus	stimulus	NOUN
arjefm-1157	168	12	on	on	ADP
arjefm-1157	168	13	nigeria	nigeria	PROPN
arjefm-1157	168	14	's	's	PART
arjefm-1157	168	15	natural	natural	ADJ
arjefm-1157	168	16	resource	resource	NOUN
arjefm-1157	168	17	where	where	SCONJ
arjefm-1157	168	18	the	the	DET
arjefm-1157	168	19	trading	trading	NOUN
arjefm-1157	168	20	partners	partner	NOUN
arjefm-1157	168	21	like	like	ADP
arjefm-1157	168	22	uk	uk	PROPN
arjefm-1157	168	23	and	and	CCONJ
arjefm-1157	168	24	china	china	PROPN
arjefm-1157	168	25	come	come	VERB
arjefm-1157	168	26	to	to	PART
arjefm-1157	168	27	drain	drain	VERB
arjefm-1157	168	28	nigeria	nigeria	PROPN
arjefm-1157	168	29	ntim	ntim	PROPN
arjefm-1157	168	30	and	and	CCONJ
arjefm-1157	168	31	emilia	emilia	PROPN
arjefm-1157	168	32	(	(	PUNCT
arjefm-1157	168	33	2014	2014	NUM
arjefm-1157	168	34	)	)	PUNCT
arjefm-1157	168	35	investigated	investigate	VERB
arjefm-1157	168	36	the	the	DET
arjefm-1157	168	37	connection	connection	NOUN
arjefm-1157	168	38	between	between	ADP
arjefm-1157	168	39	various	various	ADJ
arjefm-1157	168	40	macroeconomic	macroeconomic	ADJ
arjefm-1157	168	41	factors	factor	NOUN
arjefm-1157	168	42	influencing	influence	VERB
arjefm-1157	168	43	foreign	foreign	ADJ
arjefm-1157	168	44	direct	direct	ADJ
arjefm-1157	168	45	investment	investment	NOUN
arjefm-1157	168	46	.	.	PUNCT
arjefm-1157	169	1	they	they	PRON
arjefm-1157	169	2	used	use	VERB
arjefm-1157	169	3	the	the	DET
arjefm-1157	169	4	vector	vector	NOUN
arjefm-1157	169	5	error	error	NOUN
arjefm-1157	169	6	correcting	correct	VERB
arjefm-1157	169	7	model	model	NOUN
arjefm-1157	169	8	(	(	PUNCT
arjefm-1157	169	9	vecm	vecm	NOUN
arjefm-1157	169	10	)	)	PUNCT
arjefm-1157	169	11	in	in	ADP
arjefm-1157	169	12	analysis	analysis	NOUN
arjefm-1157	169	13	and	and	CCONJ
arjefm-1157	169	14	obtained	obtain	VERB
arjefm-1157	169	15	data	datum	NOUN
arjefm-1157	169	16	from	from	ADP
arjefm-1157	169	17	the	the	DET
arjefm-1157	169	18	central	central	ADJ
arjefm-1157	169	19	bank	bank	PROPN
arjefm-1157	169	20	of	of	ADP
arjefm-1157	169	21	nigeria	nigeria	PROPN
arjefm-1157	169	22	statistical	statistical	ADJ
arjefm-1157	169	23	bulletin	bulletin	NOUN
arjefm-1157	169	24	2013	2013	NUM
arjefm-1157	169	25	.	.	PUNCT
arjefm-1157	170	1	the	the	DET
arjefm-1157	170	2	results	result	NOUN
arjefm-1157	170	3	of	of	ADP
arjefm-1157	170	4	the	the	DET
arjefm-1157	170	5	study	study	NOUN
arjefm-1157	170	6	revealed	reveal	VERB
arjefm-1157	170	7	that	that	SCONJ
arjefm-1157	170	8	,	,	PUNCT
arjefm-1157	170	9	political	political	ADJ
arjefm-1157	170	10	stability	stability	NOUN
arjefm-1157	170	11	and	and	CCONJ
arjefm-1157	170	12	corruption	corruption	NOUN
arjefm-1157	170	13	have	have	VERB
arjefm-1157	170	14	a	a	DET
arjefm-1157	170	15	significant	significant	ADJ
arjefm-1157	170	16	role	role	NOUN
arjefm-1157	170	17	in	in	ADP
arjefm-1157	170	18	determining	determine	VERB
arjefm-1157	170	19	fdi	fdi	NOUN
arjefm-1157	170	20	inflows	inflow	NOUN
arjefm-1157	170	21	to	to	ADP
arjefm-1157	170	22	nigeria	nigeria	PROPN
arjefm-1157	170	23	.	.	PUNCT
arjefm-1157	171	1	the	the	DET
arjefm-1157	171	2	study	study	NOUN
arjefm-1157	171	3	also	also	ADV
arjefm-1157	171	4	found	find	VERB
arjefm-1157	171	5	out	out	ADP
arjefm-1157	171	6	that	that	SCONJ
arjefm-1157	171	7	,	,	PUNCT
arjefm-1157	171	8	human	human	ADJ
arjefm-1157	171	9	capital	capital	NOUN
arjefm-1157	171	10	and	and	CCONJ
arjefm-1157	171	11	economic	economic	ADJ
arjefm-1157	171	12	openness	openness	NOUN
arjefm-1157	171	13	are	be	AUX
arjefm-1157	171	14	equally	equally	ADV
arjefm-1157	171	15	major	major	ADJ
arjefm-1157	171	16	determinants	determinant	NOUN
arjefm-1157	171	17	of	of	ADP
arjefm-1157	171	18	fdi	fdi	PROPN
arjefm-1157	171	19	.	.	PUNCT
arjefm-1157	172	1	from	from	ADP
arjefm-1157	172	2	the	the	DET
arjefm-1157	172	3	findings	finding	NOUN
arjefm-1157	172	4	in	in	ADP
arjefm-1157	172	5	the	the	DET
arjefm-1157	172	6	study	study	NOUN
arjefm-1157	172	7	,	,	PUNCT
arjefm-1157	172	8	they	they	PRON
arjefm-1157	172	9	recommended	recommend	VERB
arjefm-1157	172	10	upgrading	upgrading	NOUN
arjefm-1157	172	11	of	of	ADP
arjefm-1157	172	12	nigeria	nigeria	PROPN
arjefm-1157	172	13	’s	’s	PART
arjefm-1157	172	14	political	political	ADJ
arjefm-1157	172	15	and	and	CCONJ
arjefm-1157	172	16	economic	economic	ADJ
arjefm-1157	172	17	institutions	institution	NOUN
arjefm-1157	172	18	for	for	SCONJ
arjefm-1157	172	19	nigeria	nigeria	PROPN
arjefm-1157	172	20	to	to	PART
arjefm-1157	172	21	gain	gain	VERB
arjefm-1157	172	22	in	in	ADP
arjefm-1157	172	23	any	any	DET
arjefm-1157	172	24	international	international	ADJ
arjefm-1157	172	25	investment	investment	NOUN
arjefm-1157	172	26	.	.	PUNCT
arjefm-1157	173	1	rasaq	rasaq	NOUN
arjefm-1157	173	2	(	(	PUNCT
arjefm-1157	173	3	2013	2013	NUM
arjefm-1157	173	4	)	)	PUNCT
arjefm-1157	173	5	had	have	AUX
arjefm-1157	173	6	examined	examine	VERB
arjefm-1157	173	7	the	the	DET
arjefm-1157	173	8	impact	impact	NOUN
arjefm-1157	173	9	of	of	ADP
arjefm-1157	173	10	exchange	exchange	NOUN
arjefm-1157	173	11	rate	rate	NOUN
arjefm-1157	173	12	volatility	volatility	NOUN
arjefm-1157	173	13	on	on	ADP
arjefm-1157	173	14	important	important	ADJ
arjefm-1157	173	15	macroeconomic	macroeconomic	ADJ
arjefm-1157	173	16	indicators	indicator	NOUN
arjefm-1157	173	17	.	.	PUNCT
arjefm-1157	174	1	the	the	DET
arjefm-1157	174	2	study	study	NOUN
arjefm-1157	174	3	had	have	AUX
arjefm-1157	174	4	collected	collect	VERB
arjefm-1157	174	5	secondary	secondary	ADJ
arjefm-1157	174	6	data	datum	NOUN
arjefm-1157	174	7	from	from	ADP
arjefm-1157	174	8	cbn	cbn	PROPN
arjefm-1157	174	9	statistical	statistical	ADJ
arjefm-1157	174	10	bulletin	bulletin	NOUN
arjefm-1157	174	11	of	of	ADP
arjefm-1157	174	12	2011	2011	NUM
arjefm-1157	174	13	.	.	PUNCT
arjefm-1157	175	1	the	the	DET
arjefm-1157	175	2	study	study	NOUN
arjefm-1157	175	3	used	use	VERB
arjefm-1157	175	4	granger	granger	PROPN
arjefm-1157	175	5	causality	causality	PROPN
arjefm-1157	175	6	test	test	NOUN
arjefm-1157	175	7	,	,	PUNCT
arjefm-1157	175	8	the	the	DET
arjefm-1157	175	9	ordinary	ordinary	ADJ
arjefm-1157	175	10	least	least	ADJ
arjefm-1157	175	11	square	square	ADJ
arjefm-1157	175	12	(	(	PUNCT
arjefm-1157	175	13	ols	ol	NOUN
arjefm-1157	175	14	)	)	PUNCT
arjefm-1157	175	15	,	,	PUNCT
arjefm-1157	175	16	and	and	CCONJ
arjefm-1157	175	17	the	the	DET
arjefm-1157	175	18	correlation	correlation	NOUN
arjefm-1157	175	19	matrix	matrix	NOUN
arjefm-1157	175	20	in	in	ADP
arjefm-1157	175	21	the	the	DET
arjefm-1157	175	22	analysis	analysis	NOUN
arjefm-1157	175	23	.	.	PUNCT
arjefm-1157	176	1	the	the	DET
arjefm-1157	176	2	result	result	NOUN
arjefm-1157	176	3	of	of	ADP
arjefm-1157	176	4	the	the	DET
arjefm-1157	176	5	study	study	NOUN
arjefm-1157	176	6	showed	show	VERB
arjefm-1157	176	7	that	that	SCONJ
arjefm-1157	176	8	,	,	PUNCT
arjefm-1157	176	9	though	though	SCONJ
arjefm-1157	176	10	exchange	exchange	NOUN
arjefm-1157	176	11	rate	rate	NOUN
arjefm-1157	176	12	volatility	volatility	NOUN
arjefm-1157	176	13	was	be	AUX
arjefm-1157	176	14	observed	observe	VERB
arjefm-1157	176	15	to	to	PART
arjefm-1157	176	16	have	have	VERB
arjefm-1157	176	17	a	a	DET
arjefm-1157	176	18	negative	negative	ADJ
arjefm-1157	176	19	american	american	ADJ
arjefm-1157	176	20	research	research	PROPN
arjefm-1157	176	21	journal	journal	PROPN
arjefm-1157	176	22	of	of	ADP
arjefm-1157	176	23	economics	economic	NOUN
arjefm-1157	176	24	,	,	PUNCT
arjefm-1157	176	25	finance	finance	NOUN
arjefm-1157	176	26	and	and	CCONJ
arjefm-1157	176	27	management	management	NOUN
arjefm-1157	176	28	volume	volume	NOUN
arjefm-1157	176	29	13	13	NUM
arjefm-1157	176	30	issue	issue	NOUN
arjefm-1157	176	31	1	1	NUM
arjefm-1157	176	32	,	,	PUNCT
arjefm-1157	176	33	january	january	PROPN
arjefm-1157	176	34	-	-	PUNCT
arjefm-1157	176	35	march	march	PROPN
arjefm-1157	176	36	2025	2025	NUM
arjefm-1157	176	37	issn	issn	NOUN
arjefm-1157	176	38	:	:	PUNCT
arjefm-1157	176	39	2836	2836	NUM
arjefm-1157	176	40	-	-	SYM
arjefm-1157	176	41	9416	9416	NUM
arjefm-1157	176	42	impact	impact	NOUN
arjefm-1157	176	43	factor	factor	NOUN
arjefm-1157	176	44	:	:	PUNCT
arjefm-1157	176	45	6.41	6.41	NUM
arjefm-1157	176	46	journal	journal	NOUN
arjefm-1157	176	47	homepage	homepage	NOUN
arjefm-1157	176	48	:	:	PUNCT
arjefm-1157	176	49	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	176	50	,	,	PUNCT
arjefm-1157	176	51	email	email	NOUN
arjefm-1157	176	52	:	:	PUNCT
arjefm-1157	176	53	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	176	54	official	official	ADJ
arjefm-1157	176	55	journal	journal	PROPN
arjefm-1157	176	56	of	of	ADP
arjefm-1157	176	57	america	america	PROPN
arjefm-1157	176	58	serial	serial	PROPN
arjefm-1157	176	59	publication	publication	NOUN
arjefm-1157	176	60	american	american	PROPN
arjefm-1157	176	61	research	research	PROPN
arjefm-1157	176	62	journal	journal	PROPN
arjefm-1157	176	63	of	of	ADP
arjefm-1157	176	64	economics	economic	NOUN
arjefm-1157	176	65	,	,	PUNCT
arjefm-1157	176	66	finance	finance	NOUN
arjefm-1157	176	67	and	and	CCONJ
arjefm-1157	176	68	management	management	NOUN
arjefm-1157	176	69	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	176	70	,	,	PUNCT
arjefm-1157	176	71	email	email	NOUN
arjefm-1157	176	72	:	:	PUNCT
arjefm-1157	177	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	177	2	71	71	NUM
arjefm-1157	178	1	|	|	ADV
arjefm-1157	178	2	p	p	NOUN
arjefm-1157	178	3	a	a	DET
arjefm-1157	178	4	g	g	NOUN
arjefm-1157	178	5	e	e	NOUN
arjefm-1157	178	6	impact	impact	NOUN
arjefm-1157	178	7	on	on	ADP
arjefm-1157	178	8	the	the	DET
arjefm-1157	178	9	nation	nation	NOUN
arjefm-1157	178	10	's	's	PART
arjefm-1157	178	11	inflation	inflation	NOUN
arjefm-1157	178	12	rate	rate	NOUN
arjefm-1157	178	13	,	,	PUNCT
arjefm-1157	178	14	it	it	PRON
arjefm-1157	178	15	was	be	AUX
arjefm-1157	178	16	equally	equally	ADV
arjefm-1157	178	17	observed	observe	VERB
arjefm-1157	178	18	that	that	SCONJ
arjefm-1157	178	19	exchange	exchange	NOUN
arjefm-1157	178	20	rate	rate	NOUN
arjefm-1157	178	21	volatility	volatility	NOUN
arjefm-1157	178	22	had	have	VERB
arjefm-1157	178	23	a	a	DET
arjefm-1157	178	24	beneficial	beneficial	ADJ
arjefm-1157	178	25	impact	impact	NOUN
arjefm-1157	178	26	on	on	ADP
arjefm-1157	178	27	the	the	DET
arjefm-1157	178	28	gross	gross	ADJ
arjefm-1157	178	29	domestic	domestic	ADJ
arjefm-1157	178	30	product	product	NOUN
arjefm-1157	178	31	,	,	PUNCT
arjefm-1157	178	32	foreign	foreign	ADJ
arjefm-1157	178	33	direct	direct	ADJ
arjefm-1157	178	34	investment	investment	NOUN
arjefm-1157	178	35	,	,	PUNCT
arjefm-1157	178	36	and	and	CCONJ
arjefm-1157	178	37	trade	trade	NOUN
arjefm-1157	178	38	openness	openness	NOUN
arjefm-1157	178	39	.	.	PUNCT
arjefm-1157	179	1	the	the	DET
arjefm-1157	179	2	study	study	NOUN
arjefm-1157	179	3	therefore	therefore	ADV
arjefm-1157	179	4	recommended	recommend	VERB
arjefm-1157	179	5	that	that	SCONJ
arjefm-1157	179	6	,	,	PUNCT
arjefm-1157	179	7	in	in	ADP
arjefm-1157	179	8	order	order	NOUN
arjefm-1157	179	9	to	to	PART
arjefm-1157	179	10	encourage	encourage	VERB
arjefm-1157	179	11	a	a	DET
arjefm-1157	179	12	favourable	favourable	ADJ
arjefm-1157	179	13	terms	term	NOUN
arjefm-1157	179	14	of	of	ADP
arjefm-1157	179	15	trade	trade	NOUN
arjefm-1157	179	16	in	in	ADP
arjefm-1157	179	17	the	the	DET
arjefm-1157	179	18	country	country	NOUN
arjefm-1157	179	19	,	,	PUNCT
arjefm-1157	179	20	the	the	DET
arjefm-1157	179	21	country	country	NOUN
arjefm-1157	179	22	needed	need	VERB
arjefm-1157	179	23	to	to	PART
arjefm-1157	179	24	develop	develop	VERB
arjefm-1157	179	25	its	its	PRON
arjefm-1157	179	26	exports	export	NOUN
arjefm-1157	179	27	and	and	CCONJ
arjefm-1157	179	28	reduce	reduce	VERB
arjefm-1157	179	29	its	its	PRON
arjefm-1157	179	30	over	over	NOUN
arjefm-1157	179	31	-	-	PUNCT
arjefm-1157	179	32	dependence	dependence	NOUN
arjefm-1157	179	33	on	on	ADP
arjefm-1157	179	34	the	the	DET
arjefm-1157	179	35	oil	oil	NOUN
arjefm-1157	179	36	industry	industry	NOUN
arjefm-1157	179	37	in	in	ADP
arjefm-1157	179	38	order	order	NOUN
arjefm-1157	179	39	to	to	PART
arjefm-1157	179	40	increase	increase	VERB
arjefm-1157	179	41	its	its	PRON
arjefm-1157	179	42	revenue	revenue	NOUN
arjefm-1157	179	43	.	.	PUNCT
arjefm-1157	180	1	the	the	DET
arjefm-1157	180	2	study	study	NOUN
arjefm-1157	180	3	also	also	ADV
arjefm-1157	180	4	recommended	recommend	VERB
arjefm-1157	180	5	an	an	DET
arjefm-1157	180	6	increase	increase	NOUN
arjefm-1157	180	7	in	in	ADP
arjefm-1157	180	8	local	local	ADJ
arjefm-1157	180	9	manufacturing	manufacturing	NOUN
arjefm-1157	180	10	which	which	PRON
arjefm-1157	180	11	according	accord	VERB
arjefm-1157	180	12	to	to	ADP
arjefm-1157	180	13	the	the	DET
arjefm-1157	180	14	study	study	NOUN
arjefm-1157	180	15	will	will	AUX
arjefm-1157	180	16	reduce	reduce	VERB
arjefm-1157	180	17	the	the	DET
arjefm-1157	180	18	problem	problem	NOUN
arjefm-1157	180	19	brought	bring	VERB
arjefm-1157	180	20	on	on	ADP
arjefm-1157	180	21	by	by	ADP
arjefm-1157	180	22	exchange	exchange	NOUN
arjefm-1157	180	23	rate	rate	NOUN
arjefm-1157	180	24	volatility	volatility	NOUN
arjefm-1157	180	25	.	.	PUNCT
arjefm-1157	181	1	edo	edo	PROPN
arjefm-1157	181	2	(	(	PUNCT
arjefm-1157	181	3	2011	2011	NUM
arjefm-1157	181	4	)	)	PUNCT
arjefm-1157	181	5	in	in	ADP
arjefm-1157	181	6	a	a	DET
arjefm-1157	181	7	study	study	NOUN
arjefm-1157	181	8	to	to	PART
arjefm-1157	181	9	investigate	investigate	VERB
arjefm-1157	181	10	factors	factor	NOUN
arjefm-1157	181	11	affecting	affect	VERB
arjefm-1157	181	12	fdi	fdi	NOUN
arjefm-1157	181	13	had	have	AUX
arjefm-1157	181	14	collected	collect	VERB
arjefm-1157	181	15	secondary	secondary	ADJ
arjefm-1157	181	16	data	datum	NOUN
arjefm-1157	181	17	from	from	ADP
arjefm-1157	181	18	cbn	cbn	PROPN
arjefm-1157	181	19	statistical	statistical	ADJ
arjefm-1157	181	20	bulletin	bulletin	NOUN
arjefm-1157	181	21	for	for	ADP
arjefm-1157	181	22	the	the	DET
arjefm-1157	181	23	analysis	analysis	NOUN
arjefm-1157	181	24	.	.	PUNCT
arjefm-1157	182	1	the	the	DET
arjefm-1157	182	2	study	study	NOUN
arjefm-1157	182	3	analyzes	analyze	VERB
arjefm-1157	182	4	how	how	SCONJ
arjefm-1157	182	5	institutional	institutional	ADJ
arjefm-1157	182	6	quality	quality	NOUN
arjefm-1157	182	7	affected	affect	VERB
arjefm-1157	182	8	fdi	fdi	NOUN
arjefm-1157	182	9	flows	flow	NOUN
arjefm-1157	182	10	into	into	ADP
arjefm-1157	182	11	nigeria	nigeria	PRON
arjefm-1157	182	12	from	from	ADP
arjefm-1157	182	13	1980	1980	NUM
arjefm-1157	182	14	to	to	ADP
arjefm-1157	182	15	2011	2011	NUM
arjefm-1157	182	16	.	.	PUNCT
arjefm-1157	183	1	the	the	DET
arjefm-1157	183	2	study	study	NOUN
arjefm-1157	183	3	found	find	VERB
arjefm-1157	183	4	out	out	ADP
arjefm-1157	183	5	that	that	SCONJ
arjefm-1157	183	6	institutional	institutional	ADJ
arjefm-1157	183	7	instability	instability	NOUN
arjefm-1157	183	8	,	,	PUNCT
arjefm-1157	183	9	extreme	extreme	ADJ
arjefm-1157	183	10	levels	level	NOUN
arjefm-1157	183	11	of	of	ADP
arjefm-1157	183	12	corruption	corruption	NOUN
arjefm-1157	183	13	,	,	PUNCT
arjefm-1157	183	14	insecurity	insecurity	NOUN
arjefm-1157	183	15	,	,	PUNCT
arjefm-1157	183	16	and	and	CCONJ
arjefm-1157	183	17	macroeconomic	macroeconomic	ADJ
arjefm-1157	183	18	instability	instability	NOUN
arjefm-1157	183	19	hamper	hamper	NOUN
arjefm-1157	183	20	fdi	fdi	NOUN
arjefm-1157	183	21	from	from	ADP
arjefm-1157	183	22	entering	enter	VERB
arjefm-1157	183	23	a	a	DET
arjefm-1157	183	24	nation	nation	NOUN
arjefm-1157	183	25	.	.	PUNCT
arjefm-1157	184	1	osinubi	osinubi	ADV
arjefm-1157	184	2	and	and	CCONJ
arjefm-1157	184	3	amaghionyeodiwe	amaghionyeodiwe	ADV
arjefm-1157	184	4	(	(	PUNCT
arjefm-1157	184	5	2009	2009	NUM
arjefm-1157	184	6	)	)	PUNCT
arjefm-1157	184	7	in	in	ADP
arjefm-1157	184	8	their	their	PRON
arjefm-1157	184	9	study	study	NOUN
arjefm-1157	184	10	examining	examine	VERB
arjefm-1157	184	11	influence	influence	NOUN
arjefm-1157	184	12	of	of	ADP
arjefm-1157	184	13	exchange	exchange	NOUN
arjefm-1157	184	14	rate	rate	NOUN
arjefm-1157	184	15	volatility	volatility	NOUN
arjefm-1157	184	16	on	on	ADP
arjefm-1157	184	17	foreign	foreign	ADJ
arjefm-1157	184	18	direct	direct	ADJ
arjefm-1157	184	19	investment	investment	NOUN
arjefm-1157	184	20	(	(	PUNCT
arjefm-1157	184	21	fdi	fdi	NOUN
arjefm-1157	184	22	)	)	PUNCT
arjefm-1157	184	23	in	in	ADP
arjefm-1157	184	24	nigeria	nigeria	PROPN
arjefm-1157	184	25	adopted	adopt	VERB
arjefm-1157	184	26	a	a	DET
arjefm-1157	184	27	standard	standard	ADJ
arjefm-1157	184	28	deviation	deviation	NOUN
arjefm-1157	184	29	model	model	NOUN
arjefm-1157	184	30	to	to	PART
arjefm-1157	184	31	analyze	analyze	VERB
arjefm-1157	184	32	how	how	SCONJ
arjefm-1157	184	33	exchange	exchange	NOUN
arjefm-1157	184	34	rate	rate	NOUN
arjefm-1157	184	35	volatility	volatility	NOUN
arjefm-1157	184	36	has	have	AUX
arjefm-1157	184	37	influenced	influence	VERB
arjefm-1157	184	38	fdi	fdi	PROPN
arjefm-1157	184	39	in	in	ADP
arjefm-1157	184	40	nigeria	nigeria	PROPN
arjefm-1157	184	41	.	.	PUNCT
arjefm-1157	185	1	the	the	DET
arjefm-1157	185	2	study	study	NOUN
arjefm-1157	185	3	tried	try	VERB
arjefm-1157	185	4	to	to	PART
arjefm-1157	185	5	determine	determine	VERB
arjefm-1157	185	6	how	how	SCONJ
arjefm-1157	185	7	exchange	exchange	NOUN
arjefm-1157	185	8	rate	rate	NOUN
arjefm-1157	185	9	volatility	volatility	NOUN
arjefm-1157	185	10	had	have	AUX
arjefm-1157	185	11	affected	affect	VERB
arjefm-1157	185	12	the	the	DET
arjefm-1157	185	13	entrance	entrance	NOUN
arjefm-1157	185	14	of	of	ADP
arjefm-1157	185	15	fdi	fdi	NOUN
arjefm-1157	185	16	to	to	ADP
arjefm-1157	185	17	the	the	DET
arjefm-1157	185	18	nigerian	nigerian	ADJ
arjefm-1157	185	19	economy	economy	NOUN
arjefm-1157	185	20	within	within	ADP
arjefm-1157	185	21	the	the	DET
arjefm-1157	185	22	period	period	NOUN
arjefm-1157	185	23	under	under	ADP
arjefm-1157	185	24	study	study	NOUN
arjefm-1157	185	25	.	.	PUNCT
arjefm-1157	186	1	the	the	DET
arjefm-1157	186	2	study	study	NOUN
arjefm-1157	186	3	adopted	adopt	VERB
arjefm-1157	186	4	both	both	CCONJ
arjefm-1157	186	5	the	the	DET
arjefm-1157	186	6	ols	ol	NOUN
arjefm-1157	186	7	method	method	NOUN
arjefm-1157	186	8	of	of	ADP
arjefm-1157	186	9	estimate	estimate	NOUN
arjefm-1157	186	10	and	and	CCONJ
arjefm-1157	186	11	the	the	DET
arjefm-1157	186	12	error	error	NOUN
arjefm-1157	186	13	correction	correction	NOUN
arjefm-1157	186	14	model	model	NOUN
arjefm-1157	186	15	.	.	PUNCT
arjefm-1157	187	1	the	the	DET
arjefm-1157	187	2	results	result	NOUN
arjefm-1157	187	3	of	of	ADP
arjefm-1157	187	4	the	the	DET
arjefm-1157	187	5	study	study	NOUN
arjefm-1157	187	6	found	find	VERB
arjefm-1157	187	7	out	out	ADP
arjefm-1157	187	8	that	that	SCONJ
arjefm-1157	187	9	,	,	PUNCT
arjefm-1157	187	10	foreign	foreign	ADJ
arjefm-1157	187	11	investors	investor	NOUN
arjefm-1157	187	12	should	should	AUX
arjefm-1157	187	13	not	not	PART
arjefm-1157	187	14	fear	fear	VERB
arjefm-1157	187	15	extremely	extremely	ADV
arjefm-1157	187	16	about	about	ADP
arjefm-1157	187	17	exchange	exchange	NOUN
arjefm-1157	187	18	rate	rate	NOUN
arjefm-1157	187	19	volatility	volatility	NOUN
arjefm-1157	187	20	trend	trend	NOUN
arjefm-1157	187	21	.	.	PUNCT
arjefm-1157	188	1	the	the	DET
arjefm-1157	188	2	results	result	NOUN
arjefm-1157	188	3	further	far	ADV
arjefm-1157	188	4	showed	show	VERB
arjefm-1157	188	5	that	that	SCONJ
arjefm-1157	188	6	actual	actual	ADJ
arjefm-1157	188	7	inward	inward	ADP
arjefm-1157	188	8	fdi	fdi	PROPN
arjefm-1157	188	9	and	and	CCONJ
arjefm-1157	188	10	exchange	exchange	NOUN
arjefm-1157	188	11	rate	rate	NOUN
arjefm-1157	188	12	have	have	VERB
arjefm-1157	188	13	a	a	DET
arjefm-1157	188	14	substantial	substantial	ADJ
arjefm-1157	188	15	positive	positive	ADJ
arjefm-1157	188	16	relationship	relationship	NOUN
arjefm-1157	188	17	.	.	PUNCT
arjefm-1157	189	1	by	by	ADP
arjefm-1157	189	2	this	this	DET
arjefm-1157	189	3	result	result	NOUN
arjefm-1157	189	4	it	it	PRON
arjefm-1157	189	5	showed	show	VERB
arjefm-1157	189	6	that	that	SCONJ
arjefm-1157	189	7	devaluation	devaluation	NOUN
arjefm-1157	189	8	of	of	ADP
arjefm-1157	189	9	the	the	DET
arjefm-1157	189	10	naira	naira	PROPN
arjefm-1157	189	11	boost	boost	VERB
arjefm-1157	189	12	actual	actual	ADJ
arjefm-1157	189	13	inbound	inbound	ADJ
arjefm-1157	189	14	fdi	fdi	NOUN
arjefm-1157	189	15	in	in	ADP
arjefm-1157	189	16	the	the	DET
arjefm-1157	189	17	study	study	NOUN
arjefm-1157	189	18	.	.	PUNCT
arjefm-1157	190	1	again	again	ADV
arjefm-1157	190	2	,	,	PUNCT
arjefm-1157	190	3	the	the	DET
arjefm-1157	190	4	results	result	NOUN
arjefm-1157	190	5	showed	show	VERB
arjefm-1157	190	6	that	that	SCONJ
arjefm-1157	190	7	the	the	DET
arjefm-1157	190	8	world	world	NOUN
arjefm-1157	190	9	bank	bank	PROPN
arjefm-1157	190	10	suggested	suggest	VERB
arjefm-1157	190	11	policy	policy	NOUN
arjefm-1157	190	12	of	of	ADP
arjefm-1157	190	13	structural	structural	ADJ
arjefm-1157	190	14	adjustment	adjustment	NOUN
arjefm-1157	190	15	program	program	NOUN
arjefm-1157	190	16	which	which	PRON
arjefm-1157	190	17	was	be	AUX
arjefm-1157	190	18	implemented	implement	VERB
arjefm-1157	190	19	in	in	ADP
arjefm-1157	190	20	nigeria	nigeria	PROPN
arjefm-1157	190	21	in	in	ADP
arjefm-1157	190	22	1986	1986	NUM
arjefm-1157	190	23	,	,	PUNCT
arjefm-1157	190	24	had	have	VERB
arjefm-1157	190	25	a	a	DET
arjefm-1157	190	26	damaging	damaging	ADJ
arjefm-1157	190	27	effect	effect	NOUN
arjefm-1157	190	28	on	on	ADP
arjefm-1157	190	29	real	real	ADJ
arjefm-1157	190	30	inward	inward	ADJ
arjefm-1157	190	31	foreign	foreign	ADJ
arjefm-1157	190	32	direct	direct	ADJ
arjefm-1157	190	33	investment	investment	NOUN
arjefm-1157	190	34	in	in	ADP
arjefm-1157	190	35	nigeria	nigeria	PROPN
arjefm-1157	190	36	,	,	PUNCT
arjefm-1157	190	37	which	which	PRON
arjefm-1157	190	38	may	may	AUX
arjefm-1157	190	39	have	have	AUX
arjefm-1157	190	40	been	be	AUX
arjefm-1157	190	41	triggered	trigger	VERB
arjefm-1157	190	42	by	by	ADP
arjefm-1157	190	43	the	the	DET
arjefm-1157	190	44	deregulation	deregulation	NOUN
arjefm-1157	190	45	of	of	ADP
arjefm-1157	190	46	naira	naira	NUM
arjefm-1157	190	47	that	that	PRON
arjefm-1157	190	48	was	be	AUX
arjefm-1157	190	49	followed	follow	VERB
arjefm-1157	190	50	by	by	ADP
arjefm-1157	190	51	exchange	exchange	NOUN
arjefm-1157	190	52	rate	rate	NOUN
arjefm-1157	190	53	volatility	volatility	NOUN
arjefm-1157	190	54	in	in	ADP
arjefm-1157	190	55	the	the	DET
arjefm-1157	190	56	country	country	NOUN
arjefm-1157	190	57	.	.	PUNCT
arjefm-1157	191	1	3.0	3.0	NUM
arjefm-1157	191	2	methodology	methodology	NOUN
arjefm-1157	191	3	the	the	DET
arjefm-1157	191	4	design	design	NOUN
arjefm-1157	191	5	adopted	adopt	VERB
arjefm-1157	191	6	in	in	ADP
arjefm-1157	191	7	this	this	DET
arjefm-1157	191	8	study	study	NOUN
arjefm-1157	191	9	was	be	AUX
arjefm-1157	191	10	an	an	DET
arjefm-1157	191	11	ex	ex	ADJ
arjefm-1157	191	12	post	post	X
arjefm-1157	191	13	facto	facto	X
arjefm-1157	191	14	(	(	PUNCT
arjefm-1157	191	15	after	after	ADP
arjefm-1157	191	16	the	the	DET
arjefm-1157	191	17	fact	fact	NOUN
arjefm-1157	191	18	)	)	PUNCT
arjefm-1157	191	19	design	design	NOUN
arjefm-1157	191	20	.	.	PUNCT
arjefm-1157	192	1	this	this	PRON
arjefm-1157	192	2	is	be	AUX
arjefm-1157	192	3	because	because	SCONJ
arjefm-1157	192	4	the	the	DET
arjefm-1157	192	5	events	event	NOUN
arjefm-1157	192	6	had	have	AUX
arjefm-1157	192	7	already	already	ADV
arjefm-1157	192	8	taken	take	VERB
arjefm-1157	192	9	place	place	NOUN
arjefm-1157	192	10	before	before	SCONJ
arjefm-1157	192	11	the	the	DET
arjefm-1157	192	12	investigation	investigation	NOUN
arjefm-1157	192	13	was	be	AUX
arjefm-1157	192	14	carried	carry	VERB
arjefm-1157	192	15	out	out	ADP
arjefm-1157	192	16	.	.	PUNCT
arjefm-1157	193	1	the	the	DET
arjefm-1157	193	2	choice	choice	NOUN
arjefm-1157	193	3	of	of	ADP
arjefm-1157	193	4	this	this	DET
arjefm-1157	193	5	design	design	NOUN
arjefm-1157	193	6	was	be	AUX
arjefm-1157	193	7	made	make	VERB
arjefm-1157	193	8	because	because	SCONJ
arjefm-1157	193	9	the	the	DET
arjefm-1157	193	10	researchers	researcher	NOUN
arjefm-1157	193	11	had	have	VERB
arjefm-1157	193	12	no	no	DET
arjefm-1157	193	13	control	control	NOUN
arjefm-1157	193	14	of	of	ADP
arjefm-1157	193	15	the	the	DET
arjefm-1157	193	16	independent	independent	ADJ
arjefm-1157	193	17	variables	variable	NOUN
arjefm-1157	193	18	and	and	CCONJ
arjefm-1157	193	19	inferences	inference	NOUN
arjefm-1157	193	20	about	about	ADP
arjefm-1157	193	21	the	the	DET
arjefm-1157	193	22	american	american	PROPN
arjefm-1157	193	23	research	research	PROPN
arjefm-1157	193	24	journal	journal	PROPN
arjefm-1157	193	25	of	of	ADP
arjefm-1157	193	26	economics	economic	NOUN
arjefm-1157	193	27	,	,	PUNCT
arjefm-1157	193	28	finance	finance	NOUN
arjefm-1157	193	29	and	and	CCONJ
arjefm-1157	193	30	management	management	NOUN
arjefm-1157	193	31	volume	volume	NOUN
arjefm-1157	193	32	13	13	NUM
arjefm-1157	193	33	issue	issue	NOUN
arjefm-1157	193	34	1	1	NUM
arjefm-1157	193	35	,	,	PUNCT
arjefm-1157	193	36	january	january	PROPN
arjefm-1157	193	37	-	-	PUNCT
arjefm-1157	193	38	march	march	PROPN
arjefm-1157	193	39	2025	2025	NUM
arjefm-1157	193	40	issn	issn	NOUN
arjefm-1157	193	41	:	:	PUNCT
arjefm-1157	193	42	2836	2836	NUM
arjefm-1157	193	43	-	-	SYM
arjefm-1157	193	44	9416	9416	NUM
arjefm-1157	193	45	impact	impact	NOUN
arjefm-1157	193	46	factor	factor	NOUN
arjefm-1157	193	47	:	:	PUNCT
arjefm-1157	193	48	6.41	6.41	NUM
arjefm-1157	193	49	journal	journal	NOUN
arjefm-1157	193	50	homepage	homepage	NOUN
arjefm-1157	193	51	:	:	PUNCT
arjefm-1157	193	52	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	193	53	,	,	PUNCT
arjefm-1157	193	54	email	email	NOUN
arjefm-1157	193	55	:	:	PUNCT
arjefm-1157	193	56	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	193	57	official	official	ADJ
arjefm-1157	193	58	journal	journal	PROPN
arjefm-1157	193	59	of	of	ADP
arjefm-1157	193	60	america	america	PROPN
arjefm-1157	193	61	serial	serial	PROPN
arjefm-1157	193	62	publication	publication	NOUN
arjefm-1157	193	63	american	american	PROPN
arjefm-1157	193	64	research	research	PROPN
arjefm-1157	193	65	journal	journal	PROPN
arjefm-1157	193	66	of	of	ADP
arjefm-1157	193	67	economics	economic	NOUN
arjefm-1157	193	68	,	,	PUNCT
arjefm-1157	193	69	finance	finance	NOUN
arjefm-1157	193	70	and	and	CCONJ
arjefm-1157	193	71	management	management	NOUN
arjefm-1157	193	72	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	193	73	,	,	PUNCT
arjefm-1157	193	74	email	email	NOUN
arjefm-1157	193	75	:	:	PUNCT
arjefm-1157	193	76	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	194	1	72	72	NUM
arjefm-1157	195	1	|	|	ADV
arjefm-1157	195	2	p	p	X
arjefm-1157	195	3	a	a	DET
arjefm-1157	195	4	g	g	NOUN
arjefm-1157	195	5	e	e	NOUN
arjefm-1157	195	6	relationship	relationship	NOUN
arjefm-1157	195	7	among	among	ADP
arjefm-1157	195	8	the	the	DET
arjefm-1157	195	9	variables	variable	NOUN
arjefm-1157	195	10	are	be	AUX
arjefm-1157	195	11	made	make	VERB
arjefm-1157	195	12	without	without	ADP
arjefm-1157	195	13	the	the	DET
arjefm-1157	195	14	current	current	ADJ
arjefm-1157	195	15	interaction	interaction	NOUN
arjefm-1157	195	16	between	between	ADP
arjefm-1157	195	17	the	the	DET
arjefm-1157	195	18	regress	regress	NOUN
arjefm-1157	195	19	and	and	CCONJ
arjefm-1157	195	20	regressors	regressor	NOUN
arjefm-1157	195	21	.	.	PUNCT
arjefm-1157	196	1	the	the	DET
arjefm-1157	196	2	design	design	NOUN
arjefm-1157	196	3	is	be	AUX
arjefm-1157	196	4	predicated	predicate	VERB
arjefm-1157	196	5	on	on	ADP
arjefm-1157	196	6	various	various	ADJ
arjefm-1157	196	7	econometric	econometric	ADJ
arjefm-1157	196	8	techniques	technique	NOUN
arjefm-1157	196	9	such	such	ADJ
arjefm-1157	196	10	as	as	ADP
arjefm-1157	196	11	the	the	DET
arjefm-1157	196	12	augmented	augment	VERB
arjefm-1157	196	13	dickeyfuller	dickeyfuller	NOUN
arjefm-1157	196	14	(	(	PUNCT
arjefm-1157	196	15	adf	adf	PROPN
arjefm-1157	196	16	)	)	PUNCT
arjefm-1157	196	17	unit	unit	NOUN
arjefm-1157	196	18	root	root	NOUN
arjefm-1157	196	19	test	test	NOUN
arjefm-1157	196	20	and	and	CCONJ
arjefm-1157	196	21	the	the	DET
arjefm-1157	196	22	autoregressive	autoregressive	ADJ
arjefm-1157	196	23	distributive	distributive	ADJ
arjefm-1157	196	24	lag	lag	NOUN
arjefm-1157	196	25	model	model	NOUN
arjefm-1157	196	26	,	,	PUNCT
arjefm-1157	196	27	as	as	ADV
arjefm-1157	196	28	well	well	ADV
arjefm-1157	196	29	as	as	ADP
arjefm-1157	196	30	the	the	DET
arjefm-1157	196	31	trend	trend	NOUN
arjefm-1157	196	32	analysis	analysis	NOUN
arjefm-1157	196	33	of	of	ADP
arjefm-1157	196	34	stylized	stylize	VERB
arjefm-1157	196	35	facts	fact	NOUN
arjefm-1157	196	36	on	on	ADP
arjefm-1157	196	37	some	some	PRON
arjefm-1157	196	38	of	of	ADP
arjefm-1157	196	39	the	the	DET
arjefm-1157	196	40	indicators	indicator	NOUN
arjefm-1157	196	41	of	of	ADP
arjefm-1157	196	42	variables	variable	NOUN
arjefm-1157	196	43	of	of	ADP
arjefm-1157	196	44	concern	concern	NOUN
arjefm-1157	196	45	.	.	PUNCT
arjefm-1157	197	1	the	the	DET
arjefm-1157	197	2	dependent	dependent	ADJ
arjefm-1157	197	3	variable	variable	NOUN
arjefm-1157	197	4	for	for	ADP
arjefm-1157	197	5	this	this	DET
arjefm-1157	197	6	study	study	NOUN
arjefm-1157	197	7	is	be	AUX
arjefm-1157	197	8	the	the	DET
arjefm-1157	197	9	capital	capital	NOUN
arjefm-1157	197	10	flows	flow	NOUN
arjefm-1157	197	11	define	define	VERB
arjefm-1157	197	12	in	in	ADP
arjefm-1157	197	13	this	this	DET
arjefm-1157	197	14	study	study	NOUN
arjefm-1157	197	15	as	as	ADP
arjefm-1157	197	16	foreign	foreign	ADJ
arjefm-1157	197	17	direct	direct	ADJ
arjefm-1157	197	18	investment	investment	NOUN
arjefm-1157	197	19	(	(	PUNCT
arjefm-1157	197	20	fdi	fdi	NOUN
arjefm-1157	197	21	)	)	PUNCT
arjefm-1157	197	22	and	and	CCONJ
arjefm-1157	197	23	foreign	foreign	ADJ
arjefm-1157	197	24	portfolio	portfolio	NOUN
arjefm-1157	197	25	investment	investment	NOUN
arjefm-1157	197	26	(	(	PUNCT
arjefm-1157	197	27	fpi	fpi	PROPN
arjefm-1157	197	28	)	)	PUNCT
arjefm-1157	197	29	,	,	PUNCT
arjefm-1157	197	30	while	while	SCONJ
arjefm-1157	197	31	the	the	DET
arjefm-1157	197	32	independent	independent	ADJ
arjefm-1157	197	33	variables	variable	NOUN
arjefm-1157	197	34	are	be	AUX
arjefm-1157	197	35	lib	lib	PROPN
arjefm-1157	197	36	london	london	PROPN
arjefm-1157	197	37	inter	inter	PROPN
arjefm-1157	197	38	-	-	ADJ
arjefm-1157	197	39	bank	bank	ADJ
arjefm-1157	197	40	offered	offer	VERB
arjefm-1157	197	41	rate	rate	NOUN
arjefm-1157	197	42	use	use	NOUN
arjefm-1157	197	43	as	as	SCONJ
arjefm-1157	197	44	to	to	PART
arjefm-1157	197	45	measure	measure	VERB
arjefm-1157	197	46	the	the	DET
arjefm-1157	197	47	foreign	foreign	ADJ
arjefm-1157	197	48	interest	interest	NOUN
arjefm-1157	197	49	rate	rate	NOUN
arjefm-1157	197	50	,	,	PUNCT
arjefm-1157	197	51	rate	rate	NOUN
arjefm-1157	197	52	of	of	ADP
arjefm-1157	197	53	inflation	inflation	NOUN
arjefm-1157	197	54	,	,	PUNCT
arjefm-1157	197	55	total	total	ADJ
arjefm-1157	197	56	external	external	ADJ
arjefm-1157	197	57	debt	debt	NOUN
arjefm-1157	197	58	,	,	PUNCT
arjefm-1157	197	59	market	market	NOUN
arjefm-1157	197	60	size	size	NOUN
arjefm-1157	197	61	of	of	ADP
arjefm-1157	197	62	the	the	DET
arjefm-1157	197	63	economy	economy	NOUN
arjefm-1157	197	64	measured	measure	VERB
arjefm-1157	197	65	by	by	ADP
arjefm-1157	197	66	real	real	ADJ
arjefm-1157	197	67	gross	gross	ADJ
arjefm-1157	197	68	domestic	domestic	ADJ
arjefm-1157	197	69	product	product	NOUN
arjefm-1157	197	70	in	in	ADP
arjefm-1157	197	71	this	this	DET
arjefm-1157	197	72	study	study	NOUN
arjefm-1157	197	73	,	,	PUNCT
arjefm-1157	197	74	gross	gross	ADJ
arjefm-1157	197	75	foreign	foreign	ADJ
arjefm-1157	197	76	exchange	exchange	NOUN
arjefm-1157	197	77	reserves	reserve	NOUN
arjefm-1157	197	78	,	,	PUNCT
arjefm-1157	197	79	openness	openness	NOUN
arjefm-1157	197	80	calculated	calculate	VERB
arjefm-1157	197	81	as	as	ADP
arjefm-1157	197	82	exports	export	NOUN
arjefm-1157	197	83	+	+	CCONJ
arjefm-1157	197	84	imports	import	NOUN
arjefm-1157	197	85	divided	divide	VERB
arjefm-1157	197	86	by	by	ADP
arjefm-1157	197	87	gdp	gdp	NOUN
arjefm-1157	197	88	at	at	ADP
arjefm-1157	197	89	current	current	ADJ
arjefm-1157	197	90	market	market	NOUN
arjefm-1157	197	91	prices	price	NOUN
arjefm-1157	197	92	,	,	PUNCT
arjefm-1157	197	93	human	human	ADJ
arjefm-1157	197	94	capital	capital	NOUN
arjefm-1157	197	95	proxied	proxie	VERB
arjefm-1157	197	96	by	by	ADP
arjefm-1157	197	97	secondary	secondary	ADJ
arjefm-1157	197	98	school	school	NOUN
arjefm-1157	197	99	enrolment	enrolment	NOUN
arjefm-1157	197	100	in	in	ADP
arjefm-1157	197	101	the	the	DET
arjefm-1157	197	102	country	country	NOUN
arjefm-1157	197	103	.	.	PUNCT
arjefm-1157	198	1	3.1	3.1	NUM
arjefm-1157	198	2	model	model	NOUN
arjefm-1157	198	3	specification	specification	NOUN
arjefm-1157	198	4	according	accord	VERB
arjefm-1157	198	5	to	to	ADP
arjefm-1157	198	6	the	the	DET
arjefm-1157	198	7	theoretical	theoretical	ADJ
arjefm-1157	198	8	underpinning	underpinning	NOUN
arjefm-1157	198	9	in	in	ADP
arjefm-1157	198	10	this	this	DET
arjefm-1157	198	11	study	study	NOUN
arjefm-1157	198	12	,	,	PUNCT
arjefm-1157	198	13	the	the	DET
arjefm-1157	198	14	factors	factor	NOUN
arjefm-1157	198	15	influencing	influence	VERB
arjefm-1157	198	16	capital	capital	NOUN
arjefm-1157	198	17	flows	flow	NOUN
arjefm-1157	198	18	in	in	ADP
arjefm-1157	198	19	the	the	DET
arjefm-1157	198	20	world	world	NOUN
arjefm-1157	198	21	depend	depend	VERB
arjefm-1157	198	22	on	on	ADP
arjefm-1157	198	23	if	if	SCONJ
arjefm-1157	198	24	the	the	DET
arjefm-1157	198	25	researcher	researcher	NOUN
arjefm-1157	198	26	is	be	AUX
arjefm-1157	198	27	investigating	investigate	VERB
arjefm-1157	198	28	aggregates	aggregate	NOUN
arjefm-1157	198	29	and	and	CCONJ
arjefm-1157	198	30	disaggregate	disaggregate	ADJ
arjefm-1157	198	31	flows	flow	NOUN
arjefm-1157	198	32	and	and	CCONJ
arjefm-1157	198	33	if	if	SCONJ
arjefm-1157	198	34	the	the	DET
arjefm-1157	198	35	latter	latter	ADJ
arjefm-1157	198	36	are	be	AUX
arjefm-1157	198	37	investigated	investigate	VERB
arjefm-1157	198	38	what	what	DET
arjefm-1157	198	39	type	type	NOUN
arjefm-1157	198	40	of	of	ADP
arjefm-1157	198	41	disaggregate	disaggregate	ADJ
arjefm-1157	198	42	flows	flow	NOUN
arjefm-1157	198	43	is	be	AUX
arjefm-1157	198	44	investigated	investigate	VERB
arjefm-1157	198	45	.	.	PUNCT
arjefm-1157	199	1	in	in	ADP
arjefm-1157	199	2	this	this	DET
arjefm-1157	199	3	study	study	NOUN
arjefm-1157	199	4	,	,	PUNCT
arjefm-1157	199	5	the	the	DET
arjefm-1157	199	6	disaggregate	disaggregate	ADJ
arjefm-1157	199	7	flow	flow	NOUN
arjefm-1157	199	8	is	be	AUX
arjefm-1157	199	9	a	a	DET
arjefm-1157	199	10	function	function	NOUN
arjefm-1157	199	11	of	of	ADP
arjefm-1157	199	12	both	both	DET
arjefm-1157	199	13	shortand	shortand	NOUN
arjefm-1157	199	14	long	long	ADJ
arjefm-1157	199	15	-	-	PUNCT
arjefm-1157	199	16	term	term	NOUN
arjefm-1157	199	17	flows	flow	NOUN
arjefm-1157	199	18	.	.	PUNCT
arjefm-1157	200	1	looking	look	VERB
arjefm-1157	200	2	at	at	ADP
arjefm-1157	200	3	equation	equation	NOUN
arjefm-1157	200	4	(	(	PUNCT
arjefm-1157	200	5	1	1	NUM
arjefm-1157	200	6	)	)	PUNCT
arjefm-1157	200	7	below	below	ADV
arjefm-1157	200	8	,	,	PUNCT
arjefm-1157	200	9	foreign	foreign	ADJ
arjefm-1157	200	10	capital	capital	NOUN
arjefm-1157	200	11	flows	flow	NOUN
arjefm-1157	200	12	is	be	AUX
arjefm-1157	200	13	projected	project	VERB
arjefm-1157	200	14	to	to	PART
arjefm-1157	200	15	hinge	hinge	VERB
arjefm-1157	200	16	on	on	ADP
arjefm-1157	200	17	the	the	DET
arjefm-1157	200	18	factors	factor	NOUN
arjefm-1157	200	19	selected	select	VERB
arjefm-1157	200	20	in	in	ADP
arjefm-1157	200	21	this	this	DET
arjefm-1157	200	22	study	study	NOUN
arjefm-1157	200	23	in	in	ADP
arjefm-1157	200	24	the	the	DET
arjefm-1157	200	25	model	model	NOUN
arjefm-1157	200	26	.	.	PUNCT
arjefm-1157	201	1	therefore	therefore	ADV
arjefm-1157	201	2	,	,	PUNCT
arjefm-1157	201	3	considering	consider	VERB
arjefm-1157	201	4	the	the	DET
arjefm-1157	201	5	theoretical	theoretical	ADJ
arjefm-1157	201	6	framework	framework	NOUN
arjefm-1157	201	7	as	as	ADP
arjefm-1157	201	8	the	the	DET
arjefm-1157	201	9	theories	theory	NOUN
arjefm-1157	201	10	opined	opine	VERB
arjefm-1157	201	11	above	above	ADV
arjefm-1157	201	12	,	,	PUNCT
arjefm-1157	201	13	the	the	DET
arjefm-1157	201	14	model	model	NOUN
arjefm-1157	201	15	is	be	AUX
arjefm-1157	201	16	then	then	ADV
arjefm-1157	201	17	presented	present	VERB
arjefm-1157	201	18	as	as	ADP
arjefm-1157	201	19	:	:	PUNCT
arjefm-1157	201	20	cap	cap	NOUN
arjefm-1157	201	21	=	=	SYM
arjefm-1157	201	22	f	f	PROPN
arjefm-1157	201	23	(	(	PUNCT
arjefm-1157	201	24	lib	lib	PROPN
arjefm-1157	201	25	,	,	PUNCT
arjefm-1157	201	26	opn	opn	PROPN
arjefm-1157	201	27	,	,	PUNCT
arjefm-1157	201	28	exdt	exdt	PROPN
arjefm-1157	201	29	,	,	PUNCT
arjefm-1157	201	30	inf	inf	NOUN
arjefm-1157	201	31	,	,	PUNCT
arjefm-1157	201	32	hc	hc	PROPN
arjefm-1157	201	33	,	,	PUNCT
arjefm-1157	201	34	fxr	fxr	NOUN
arjefm-1157	201	35	,	,	PUNCT
arjefm-1157	201	36	rgdp)	rgdp)	NOUN
arjefm-1157	201	37	…	…	X
arjefm-1157	201	38	…	…	PUNCT
arjefm-1157	201	39	…	…	PUNCT
arjefm-1157	201	40	…	…	PUNCT
arjefm-1157	201	41	…	…	PUNCT
arjefm-1157	201	42	…	…	PUNCT
arjefm-1157	201	43	…	…	PUNCT
arjefm-1157	201	44	…	…	PUNCT
arjefm-1157	201	45	…	…	PUNCT
arjefm-1157	201	46	…	…	PUNCT
arjefm-1157	201	47	…	…	SYM
arjefm-1157	201	48	.	.	NUM
arjefm-1157	201	49	…	…	PUNCT
arjefm-1157	201	50	…	…	PUNCT
arjefm-1157	201	51	…	…	PUNCT
arjefm-1157	201	52	…	…	PUNCT
arjefm-1157	201	53	..	..	PUNCT
arjefm-1157	201	54	(1	(1	NUM
arjefm-1157	201	55	)	)	PUNCT
arjefm-1157	201	56	cap	cap	NOUN
arjefm-1157	201	57	:	:	PUNCT
arjefm-1157	201	58	capital	capital	NOUN
arjefm-1157	201	59	flows	flow	NOUN
arjefm-1157	201	60	divided	divide	VERB
arjefm-1157	201	61	into	into	ADP
arjefm-1157	201	62	foreign	foreign	ADJ
arjefm-1157	201	63	direct	direct	ADJ
arjefm-1157	201	64	investment	investment	NOUN
arjefm-1157	201	65	(	(	PUNCT
arjefm-1157	201	66	fdi	fdi	NOUN
arjefm-1157	201	67	)	)	PUNCT
arjefm-1157	201	68	and	and	CCONJ
arjefm-1157	201	69	foreign	foreign	ADJ
arjefm-1157	201	70	portfolio	portfolio	NOUN
arjefm-1157	201	71	investment	investment	NOUN
arjefm-1157	201	72	(	(	PUNCT
arjefm-1157	201	73	fpi	fpi	PROPN
arjefm-1157	201	74	)	)	PUNCT
arjefm-1157	201	75	.	.	PUNCT
arjefm-1157	202	1	lib	lib	PROPN
arjefm-1157	203	1	=	=	PROPN
arjefm-1157	203	2	london	london	PROPN
arjefm-1157	203	3	inter	inter	PROPN
arjefm-1157	203	4	-	-	ADJ
arjefm-1157	203	5	bank	bank	ADJ
arjefm-1157	203	6	offered	offer	VERB
arjefm-1157	203	7	rate	rate	NOUN
arjefm-1157	203	8	use	use	NOUN
arjefm-1157	203	9	as	as	ADP
arjefm-1157	203	10	a	a	DET
arjefm-1157	203	11	measure	measure	NOUN
arjefm-1157	203	12	of	of	ADP
arjefm-1157	203	13	foreign	foreign	ADJ
arjefm-1157	203	14	interest	interest	NOUN
arjefm-1157	203	15	rate	rate	NOUN
arjefm-1157	203	16	opn	opn	PROPN
arjefm-1157	203	17	=	=	PUNCT
arjefm-1157	203	18	level	level	NOUN
arjefm-1157	203	19	of	of	ADP
arjefm-1157	203	20	openness	openness	NOUN
arjefm-1157	203	21	exdt	exdt	NOUN
arjefm-1157	203	22	=	=	NOUN
arjefm-1157	203	23	total	total	ADJ
arjefm-1157	203	24	external	external	ADJ
arjefm-1157	203	25	debt	debt	NOUN
arjefm-1157	203	26	inf	inf	NOUN
arjefm-1157	203	27	=	=	NOUN
arjefm-1157	203	28	rate	rate	NOUN
arjefm-1157	203	29	of	of	ADP
arjefm-1157	203	30	inflation	inflation	NOUN
arjefm-1157	203	31	hc	hc	PROPN
arjefm-1157	203	32	=	=	PROPN
arjefm-1157	203	33	human	human	ADJ
arjefm-1157	203	34	capital	capital	NOUN
arjefm-1157	203	35	(	(	PUNCT
arjefm-1157	203	36	measured	measure	VERB
arjefm-1157	203	37	as	as	ADP
arjefm-1157	203	38	secondary	secondary	ADJ
arjefm-1157	203	39	school	school	NOUN
arjefm-1157	203	40	enrolment	enrolment	NOUN
arjefm-1157	203	41	)	)	PUNCT
arjefm-1157	203	42	fxr	fxr	NOUN
arjefm-1157	203	43	=	=	PROPN
arjefm-1157	203	44	gross	gross	ADJ
arjefm-1157	203	45	foreign	foreign	ADJ
arjefm-1157	203	46	exchange	exchange	NOUN
arjefm-1157	203	47	reserves	reserve	NOUN
arjefm-1157	203	48	american	american	PROPN
arjefm-1157	203	49	research	research	PROPN
arjefm-1157	203	50	journal	journal	PROPN
arjefm-1157	203	51	of	of	ADP
arjefm-1157	203	52	economics	economic	NOUN
arjefm-1157	203	53	,	,	PUNCT
arjefm-1157	203	54	finance	finance	NOUN
arjefm-1157	203	55	and	and	CCONJ
arjefm-1157	203	56	management	management	NOUN
arjefm-1157	203	57	volume	volume	NOUN
arjefm-1157	203	58	13	13	NUM
arjefm-1157	203	59	issue	issue	NOUN
arjefm-1157	203	60	1	1	NUM
arjefm-1157	203	61	,	,	PUNCT
arjefm-1157	203	62	january	january	PROPN
arjefm-1157	203	63	-	-	PUNCT
arjefm-1157	203	64	march	march	PROPN
arjefm-1157	203	65	2025	2025	NUM
arjefm-1157	203	66	issn	issn	NOUN
arjefm-1157	203	67	:	:	PUNCT
arjefm-1157	203	68	2836	2836	NUM
arjefm-1157	203	69	-	-	SYM
arjefm-1157	203	70	9416	9416	NUM
arjefm-1157	203	71	impact	impact	NOUN
arjefm-1157	203	72	factor	factor	NOUN
arjefm-1157	203	73	:	:	PUNCT
arjefm-1157	203	74	6.41	6.41	NUM
arjefm-1157	203	75	journal	journal	NOUN
arjefm-1157	203	76	homepage	homepage	NOUN
arjefm-1157	203	77	:	:	PUNCT
arjefm-1157	203	78	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	203	79	,	,	PUNCT
arjefm-1157	203	80	email	email	NOUN
arjefm-1157	203	81	:	:	PUNCT
arjefm-1157	204	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	204	2	official	official	ADJ
arjefm-1157	204	3	journal	journal	PROPN
arjefm-1157	204	4	of	of	ADP
arjefm-1157	204	5	america	america	PROPN
arjefm-1157	204	6	serial	serial	PROPN
arjefm-1157	204	7	publication	publication	NOUN
arjefm-1157	204	8	american	american	PROPN
arjefm-1157	204	9	research	research	PROPN
arjefm-1157	204	10	journal	journal	PROPN
arjefm-1157	204	11	of	of	ADP
arjefm-1157	204	12	economics	economic	NOUN
arjefm-1157	204	13	,	,	PUNCT
arjefm-1157	204	14	finance	finance	NOUN
arjefm-1157	204	15	and	and	CCONJ
arjefm-1157	204	16	management	management	NOUN
arjefm-1157	204	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	204	18	,	,	PUNCT
arjefm-1157	204	19	email	email	NOUN
arjefm-1157	204	20	:	:	PUNCT
arjefm-1157	204	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	205	1	73	73	NUM
arjefm-1157	206	1	|	|	ADV
arjefm-1157	206	2	p	p	X
arjefm-1157	206	3	a	a	DET
arjefm-1157	206	4	g	g	NOUN
arjefm-1157	206	5	e	e	NOUN
arjefm-1157	206	6	rgdp	rgdp	NOUN
arjefm-1157	206	7	=	=	SYM
arjefm-1157	206	8	real	real	ADJ
arjefm-1157	206	9	gross	gross	ADJ
arjefm-1157	206	10	domestic	domestic	ADJ
arjefm-1157	206	11	product	product	NOUN
arjefm-1157	206	12	use	use	NOUN
arjefm-1157	206	13	as	as	ADP
arjefm-1157	206	14	a	a	DET
arjefm-1157	206	15	measure	measure	NOUN
arjefm-1157	206	16	of	of	ADP
arjefm-1157	206	17	nigerian	nigerian	ADJ
arjefm-1157	206	18	market	market	NOUN
arjefm-1157	206	19	size	size	NOUN
arjefm-1157	206	20	cap=	cap=	PROPN
arjefm-1157	206	21	β0	β0	PROPN
arjefm-1157	207	1	+	+	NOUN
arjefm-1157	207	2	β1lib	β1lib	PROPN
arjefm-1157	208	1	+	+	PROPN
arjefm-1157	208	2	β2opn	β2opn	PROPN
arjefm-1157	208	3	+	+	ADJ
arjefm-1157	208	4	β3exdt	β3exdt	PROPN
arjefm-1157	208	5	+	+	PROPN
arjefm-1157	208	6	β4	β4	PROPN
arjefm-1157	208	7	inf	inf	NOUN
arjefm-1157	208	8	+	+	PROPN
arjefm-1157	208	9	β5hct	β5hct	PROPN
arjefm-1157	208	10	+	+	ADJ
arjefm-1157	208	11	β6fxr+β7	β6fxr+β7	X
arjefm-1157	208	12	rgdp	rgdp	NOUN
arjefm-1157	208	13	+	+	NOUN
arjefm-1157	208	14	u	u	NOUN
arjefm-1157	208	15	……	……	NOUN
arjefm-1157	208	16	……	……	NOUN
arjefm-1157	208	17	.....	.....	PUNCT
arjefm-1157	208	18	(	(	PUNCT
arjefm-1157	208	19	2	2	X
arjefm-1157	208	20	)	)	PUNCT
arjefm-1157	208	21	a	a	DET
arjefm-1157	208	22	priori	priori	ADJ
arjefm-1157	208	23	signs	sign	NOUN
arjefm-1157	208	24	are	be	AUX
arjefm-1157	208	25	:	:	PUNCT
arjefm-1157	208	26	β1	β1	NOUN
arjefm-1157	208	27	,	,	PUNCT
arjefm-1157	208	28	β3	β3	PROPN
arjefm-1157	208	29	,	,	PUNCT
arjefm-1157	208	30	β4	β4	PROPN
arjefm-1157	208	31	,	,	PUNCT
arjefm-1157	208	32	<	<	X
arjefm-1157	208	33	0	0	NUM
arjefm-1157	208	34	;	;	PUNCT
arjefm-1157	208	35	β2	β2	VERB
arjefm-1157	208	36	,	,	PUNCT
arjefm-1157	208	37	β5	β5	PROPN
arjefm-1157	208	38	,	,	PUNCT
arjefm-1157	208	39	β6	β6	PROPN
arjefm-1157	208	40	,	,	PUNCT
arjefm-1157	208	41	β7	β7	ADJ
arjefm-1157	208	42	>	>	X
arjefm-1157	208	43	0	0	PUNCT
arjefm-1157	209	1	this	this	DET
arjefm-1157	209	2	study	study	NOUN
arjefm-1157	209	3	uses	use	VERB
arjefm-1157	209	4	london	london	PROPN
arjefm-1157	209	5	interbank	interbank	ADV
arjefm-1157	209	6	offered	offer	VERB
arjefm-1157	209	7	rate	rate	NOUN
arjefm-1157	209	8	as	as	ADP
arjefm-1157	209	9	one	one	NUM
arjefm-1157	209	10	of	of	ADP
arjefm-1157	209	11	the	the	DET
arjefm-1157	209	12	independent	independent	ADJ
arjefm-1157	209	13	variables	variable	NOUN
arjefm-1157	209	14	and	and	CCONJ
arjefm-1157	209	15	this	this	PRON
arjefm-1157	209	16	is	be	AUX
arjefm-1157	209	17	anticipated	anticipate	VERB
arjefm-1157	209	18	to	to	PART
arjefm-1157	209	19	negatively	negatively	ADV
arjefm-1157	209	20	impact	impact	VERB
arjefm-1157	209	21	on	on	ADP
arjefm-1157	209	22	fdi	fdi	PROPN
arjefm-1157	209	23	and	and	CCONJ
arjefm-1157	209	24	fpi	fpi	PROPN
arjefm-1157	209	25	in	in	ADP
arjefm-1157	209	26	the	the	DET
arjefm-1157	209	27	country	country	NOUN
arjefm-1157	209	28	.	.	PUNCT
arjefm-1157	210	1	this	this	PRON
arjefm-1157	210	2	means	mean	VERB
arjefm-1157	210	3	that	that	SCONJ
arjefm-1157	210	4	an	an	DET
arjefm-1157	210	5	increase	increase	NOUN
arjefm-1157	210	6	in	in	ADP
arjefm-1157	210	7	international	international	ADJ
arjefm-1157	210	8	interest	interest	NOUN
arjefm-1157	210	9	rates	rate	NOUN
arjefm-1157	210	10	will	will	AUX
arjefm-1157	210	11	likely	likely	ADV
arjefm-1157	210	12	lead	lead	VERB
arjefm-1157	210	13	to	to	ADP
arjefm-1157	210	14	low	low	ADJ
arjefm-1157	210	15	capital	capital	NOUN
arjefm-1157	210	16	flow	flow	NOUN
arjefm-1157	210	17	to	to	ADP
arjefm-1157	210	18	nigeria	nigeria	PROPN
arjefm-1157	210	19	.	.	PUNCT
arjefm-1157	211	1	according	accord	VERB
arjefm-1157	211	2	to	to	ADP
arjefm-1157	211	3	the	the	DET
arjefm-1157	211	4	a	a	DET
arjefm-1157	211	5	priori	priori	ADJ
arjefm-1157	211	6	expectation	expectation	NOUN
arjefm-1157	211	7	,	,	PUNCT
arjefm-1157	211	8	rate	rate	NOUN
arjefm-1157	211	9	of	of	ADP
arjefm-1157	211	10	inflation	inflation	NOUN
arjefm-1157	211	11	is	be	AUX
arjefm-1157	211	12	expected	expect	VERB
arjefm-1157	211	13	to	to	PART
arjefm-1157	211	14	have	have	VERB
arjefm-1157	211	15	negative	negative	ADJ
arjefm-1157	211	16	influence	influence	NOUN
arjefm-1157	211	17	on	on	ADP
arjefm-1157	211	18	international	international	ADJ
arjefm-1157	211	19	capital	capital	NOUN
arjefm-1157	211	20	flows	flow	NOUN
arjefm-1157	211	21	.	.	PUNCT
arjefm-1157	212	1	this	this	PRON
arjefm-1157	212	2	is	be	AUX
arjefm-1157	212	3	because	because	SCONJ
arjefm-1157	212	4	inflation	inflation	NOUN
arjefm-1157	212	5	leads	lead	VERB
arjefm-1157	212	6	to	to	ADP
arjefm-1157	212	7	uncertainty	uncertainty	NOUN
arjefm-1157	212	8	in	in	ADP
arjefm-1157	212	9	the	the	DET
arjefm-1157	212	10	domestic	domestic	ADJ
arjefm-1157	212	11	market	market	NOUN
arjefm-1157	212	12	and	and	CCONJ
arjefm-1157	212	13	thus	thus	ADV
arjefm-1157	212	14	the	the	DET
arjefm-1157	212	15	nigerian	nigerian	ADJ
arjefm-1157	212	16	economy	economy	NOUN
arjefm-1157	212	17	.	.	PUNCT
arjefm-1157	213	1	it	it	PRON
arjefm-1157	213	2	was	be	AUX
arjefm-1157	213	3	equally	equally	ADV
arjefm-1157	213	4	expected	expect	VERB
arjefm-1157	213	5	that	that	SCONJ
arjefm-1157	213	6	external	external	ADJ
arjefm-1157	213	7	debt	debt	NOUN
arjefm-1157	213	8	has	have	VERB
arjefm-1157	213	9	a	a	DET
arjefm-1157	213	10	tendency	tendency	NOUN
arjefm-1157	213	11	to	to	PART
arjefm-1157	213	12	inhibit	inhibit	VERB
arjefm-1157	213	13	the	the	DET
arjefm-1157	213	14	level	level	NOUN
arjefm-1157	213	15	of	of	ADP
arjefm-1157	213	16	investment	investment	NOUN
arjefm-1157	213	17	and	and	CCONJ
arjefm-1157	213	18	this	this	PRON
arjefm-1157	213	19	will	will	AUX
arjefm-1157	213	20	have	have	VERB
arjefm-1157	213	21	a	a	DET
arjefm-1157	213	22	negative	negative	ADJ
arjefm-1157	213	23	influence	influence	NOUN
arjefm-1157	213	24	on	on	ADP
arjefm-1157	213	25	capital	capital	NOUN
arjefm-1157	213	26	flows	flow	NOUN
arjefm-1157	213	27	in	in	ADP
arjefm-1157	213	28	the	the	DET
arjefm-1157	213	29	economy	economy	NOUN
arjefm-1157	213	30	.	.	PUNCT
arjefm-1157	214	1	the	the	DET
arjefm-1157	214	2	a	a	DET
arjefm-1157	214	3	priori	priori	ADJ
arjefm-1157	214	4	expectation	expectation	NOUN
arjefm-1157	214	5	of	of	ADP
arjefm-1157	214	6	real	real	ADJ
arjefm-1157	214	7	gdp	gdp	NOUN
arjefm-1157	214	8	is	be	AUX
arjefm-1157	214	9	expected	expect	VERB
arjefm-1157	214	10	to	to	PART
arjefm-1157	214	11	be	be	AUX
arjefm-1157	214	12	positively	positively	ADV
arjefm-1157	214	13	related	relate	VERB
arjefm-1157	214	14	with	with	ADP
arjefm-1157	214	15	capital	capital	NOUN
arjefm-1157	214	16	flows	flow	NOUN
arjefm-1157	214	17	.	.	PUNCT
arjefm-1157	215	1	the	the	DET
arjefm-1157	215	2	study	study	NOUN
arjefm-1157	215	3	expectation	expectation	NOUN
arjefm-1157	215	4	of	of	ADP
arjefm-1157	215	5	foreign	foreign	ADJ
arjefm-1157	215	6	reserves	reserve	NOUN
arjefm-1157	215	7	and	and	CCONJ
arjefm-1157	215	8	openness	openness	NOUN
arjefm-1157	215	9	are	be	AUX
arjefm-1157	215	10	to	to	PART
arjefm-1157	215	11	have	have	VERB
arjefm-1157	215	12	positive	positive	ADJ
arjefm-1157	215	13	impacts	impact	NOUN
arjefm-1157	215	14	on	on	ADP
arjefm-1157	215	15	international	international	ADJ
arjefm-1157	215	16	capital	capital	NOUN
arjefm-1157	215	17	flows	flow	NOUN
arjefm-1157	215	18	in	in	ADP
arjefm-1157	215	19	the	the	DET
arjefm-1157	215	20	country	country	NOUN
arjefm-1157	215	21	.	.	PUNCT
arjefm-1157	216	1	3.2	3.2	NUM
arjefm-1157	216	2	method	method	NOUN
arjefm-1157	216	3	of	of	ADP
arjefm-1157	216	4	estimation	estimation	NOUN
arjefm-1157	216	5	and	and	CCONJ
arjefm-1157	216	6	data	datum	NOUN
arjefm-1157	216	7	the	the	DET
arjefm-1157	216	8	design	design	NOUN
arjefm-1157	216	9	adopted	adopt	VERB
arjefm-1157	216	10	in	in	ADP
arjefm-1157	216	11	this	this	DET
arjefm-1157	216	12	study	study	NOUN
arjefm-1157	216	13	was	be	AUX
arjefm-1157	216	14	an	an	DET
arjefm-1157	216	15	ex	ex	ADJ
arjefm-1157	216	16	post	post	X
arjefm-1157	216	17	facto	facto	X
arjefm-1157	216	18	(	(	PUNCT
arjefm-1157	216	19	after	after	ADP
arjefm-1157	216	20	the	the	DET
arjefm-1157	216	21	fact	fact	NOUN
arjefm-1157	216	22	)	)	PUNCT
arjefm-1157	216	23	design	design	NOUN
arjefm-1157	216	24	.	.	PUNCT
arjefm-1157	217	1	this	this	PRON
arjefm-1157	217	2	is	be	AUX
arjefm-1157	217	3	because	because	SCONJ
arjefm-1157	217	4	the	the	DET
arjefm-1157	217	5	events	event	NOUN
arjefm-1157	217	6	had	have	AUX
arjefm-1157	217	7	already	already	ADV
arjefm-1157	217	8	taken	take	VERB
arjefm-1157	217	9	place	place	NOUN
arjefm-1157	217	10	before	before	SCONJ
arjefm-1157	217	11	the	the	DET
arjefm-1157	217	12	investigation	investigation	NOUN
arjefm-1157	217	13	was	be	AUX
arjefm-1157	217	14	carried	carry	VERB
arjefm-1157	217	15	out	out	ADP
arjefm-1157	217	16	.	.	PUNCT
arjefm-1157	218	1	the	the	DET
arjefm-1157	218	2	choice	choice	NOUN
arjefm-1157	218	3	of	of	ADP
arjefm-1157	218	4	this	this	DET
arjefm-1157	218	5	design	design	NOUN
arjefm-1157	218	6	was	be	AUX
arjefm-1157	218	7	made	make	VERB
arjefm-1157	218	8	because	because	SCONJ
arjefm-1157	218	9	the	the	DET
arjefm-1157	218	10	researchers	researcher	NOUN
arjefm-1157	218	11	had	have	VERB
arjefm-1157	218	12	no	no	DET
arjefm-1157	218	13	control	control	NOUN
arjefm-1157	218	14	of	of	ADP
arjefm-1157	218	15	the	the	DET
arjefm-1157	218	16	independent	independent	ADJ
arjefm-1157	218	17	variables	variable	NOUN
arjefm-1157	218	18	and	and	CCONJ
arjefm-1157	218	19	inferences	inference	NOUN
arjefm-1157	218	20	about	about	ADP
arjefm-1157	218	21	the	the	DET
arjefm-1157	218	22	relationship	relationship	NOUN
arjefm-1157	218	23	among	among	ADP
arjefm-1157	218	24	the	the	DET
arjefm-1157	218	25	variables	variable	NOUN
arjefm-1157	218	26	are	be	AUX
arjefm-1157	218	27	made	make	VERB
arjefm-1157	218	28	without	without	ADP
arjefm-1157	218	29	the	the	DET
arjefm-1157	218	30	current	current	ADJ
arjefm-1157	218	31	interaction	interaction	NOUN
arjefm-1157	218	32	between	between	ADP
arjefm-1157	218	33	the	the	DET
arjefm-1157	218	34	regress	regress	NOUN
arjefm-1157	218	35	and	and	CCONJ
arjefm-1157	218	36	regressors	regressor	NOUN
arjefm-1157	218	37	.	.	PUNCT
arjefm-1157	219	1	the	the	DET
arjefm-1157	219	2	design	design	NOUN
arjefm-1157	219	3	is	be	AUX
arjefm-1157	219	4	predicated	predicate	VERB
arjefm-1157	219	5	on	on	ADP
arjefm-1157	219	6	various	various	ADJ
arjefm-1157	219	7	econometric	econometric	ADJ
arjefm-1157	219	8	techniques	technique	NOUN
arjefm-1157	219	9	such	such	ADJ
arjefm-1157	219	10	as	as	ADP
arjefm-1157	219	11	the	the	DET
arjefm-1157	219	12	cointegration	cointegration	NOUN
arjefm-1157	219	13	and	and	CCONJ
arjefm-1157	219	14	error	error	NOUN
arjefm-1157	219	15	correction	correction	NOUN
arjefm-1157	219	16	mechanism	mechanism	NOUN
arjefm-1157	219	17	(	(	PUNCT
arjefm-1157	219	18	ecm	ecm	NOUN
arjefm-1157	219	19	)	)	PUNCT
arjefm-1157	219	20	which	which	PRON
arjefm-1157	219	21	provides	provide	VERB
arjefm-1157	219	22	a	a	DET
arjefm-1157	219	23	dynamic	dynamic	ADJ
arjefm-1157	219	24	structure	structure	NOUN
arjefm-1157	219	25	for	for	ADP
arjefm-1157	219	26	the	the	DET
arjefm-1157	219	27	analysis	analysis	NOUN
arjefm-1157	219	28	.	.	PUNCT
arjefm-1157	220	1	the	the	DET
arjefm-1157	220	2	study	study	NOUN
arjefm-1157	220	3	also	also	ADV
arjefm-1157	220	4	uses	use	VERB
arjefm-1157	220	5	the	the	DET
arjefm-1157	220	6	augmented	augment	VERB
arjefm-1157	220	7	dickey	dickey	NOUN
arjefm-1157	220	8	-	-	PUNCT
arjefm-1157	220	9	fuller	full	ADJ
arjefm-1157	220	10	(	(	PUNCT
arjefm-1157	220	11	adf	adf	NOUN
arjefm-1157	220	12	)	)	PUNCT
arjefm-1157	220	13	unit	unit	NOUN
arjefm-1157	220	14	root	root	NOUN
arjefm-1157	220	15	test	test	NOUN
arjefm-1157	220	16	.	.	PUNCT
arjefm-1157	221	1	the	the	DET
arjefm-1157	221	2	study	study	NOUN
arjefm-1157	221	3	also	also	ADV
arjefm-1157	221	4	investigates	investigate	VERB
arjefm-1157	221	5	the	the	DET
arjefm-1157	221	6	time	time	NOUN
arjefm-1157	221	7	series	series	NOUN
arjefm-1157	221	8	and	and	CCONJ
arjefm-1157	221	9	long	long	ADJ
arjefm-1157	221	10	run	run	NOUN
arjefm-1157	221	11	characteristics	characteristic	NOUN
arjefm-1157	221	12	of	of	ADP
arjefm-1157	221	13	the	the	DET
arjefm-1157	221	14	data	datum	NOUN
arjefm-1157	221	15	collected	collect	VERB
arjefm-1157	221	16	and	and	CCONJ
arjefm-1157	221	17	used	use	VERB
arjefm-1157	221	18	in	in	ADP
arjefm-1157	221	19	the	the	DET
arjefm-1157	221	20	analysis	analysis	NOUN
arjefm-1157	221	21	.	.	PUNCT
arjefm-1157	222	1	to	to	PART
arjefm-1157	222	2	enables	enable	VERB
arjefm-1157	222	3	us	we	PRON
arjefm-1157	222	4	carry	carry	VERB
arjefm-1157	222	5	out	out	ADP
arjefm-1157	222	6	the	the	DET
arjefm-1157	222	7	investigation	investigation	NOUN
arjefm-1157	222	8	,	,	PUNCT
arjefm-1157	222	9	equation	equation	NOUN
arjefm-1157	222	10	two	two	NUM
arjefm-1157	222	11	is	be	AUX
arjefm-1157	222	12	again	again	ADV
arjefm-1157	222	13	specified	specify	VERB
arjefm-1157	222	14	thus	thus	ADV
arjefm-1157	222	15	:	:	PUNCT
arjefm-1157	222	16	fpit	fpit	PROPN
arjefm-1157	222	17	=	=	SYM
arjefm-1157	222	18	β0	β0	PROPN
arjefm-1157	222	19	+	+	NOUN
arjefm-1157	222	20	β1lib	β1lib	PROPN
arjefm-1157	222	21	+	+	PROPN
arjefm-1157	222	22	β2opn	β2opn	PROPN
arjefm-1157	222	23	+	+	ADJ
arjefm-1157	222	24	β3exdt	β3exdt	PROPN
arjefm-1157	222	25	+	+	PROPN
arjefm-1157	222	26	β4	β4	PROPN
arjefm-1157	222	27	inf	inf	NOUN
arjefm-1157	222	28	+	+	PROPN
arjefm-1157	222	29	β5hct	β5hct	ADJ
arjefm-1157	222	30	+	+	ADJ
arjefm-1157	222	31	β6fxr+β7	β6fxr+β7	X
arjefm-1157	222	32	rgdp+ϒecmt-1	rgdp+ϒecmt-1	NOUN
arjefm-1157	222	33	+	+	CCONJ
arjefm-1157	222	34	ε1t	ε1t	X
arjefm-1157	222	35	...	...	PUNCT
arjefm-1157	222	36	(3	(3	PUNCT
arjefm-1157	222	37	)	)	PUNCT
arjefm-1157	222	38	and	and	CCONJ
arjefm-1157	222	39	fdit	fdit	NOUN
arjefm-1157	222	40	=	=	PROPN
arjefm-1157	222	41	β0	β0	PROPN
arjefm-1157	222	42	+	+	NOUN
arjefm-1157	222	43	β1lib	β1lib	PROPN
arjefm-1157	222	44	+	+	PROPN
arjefm-1157	222	45	β2opn	β2opn	PROPN
arjefm-1157	222	46	+	+	ADJ
arjefm-1157	222	47	β3exdt	β3exdt	PROPN
arjefm-1157	222	48	+	+	PROPN
arjefm-1157	222	49	β4	β4	PROPN
arjefm-1157	222	50	inf	inf	NOUN
arjefm-1157	222	51	+	+	PROPN
arjefm-1157	222	52	β5hct	β5hct	ADJ
arjefm-1157	222	53	+	+	ADJ
arjefm-1157	222	54	β6fxr+β7	β6fxr+β7	ADJ
arjefm-1157	222	55	rgdp+ϒecmt-1	rgdp+ϒecmt-1	NOUN
arjefm-1157	222	56	+	+	CCONJ
arjefm-1157	222	57	ε2t	ε2t	PROPN
arjefm-1157	222	58	..	..	SYM
arjefm-1157	222	59	(4	(4	NOUN
arjefm-1157	222	60	)	)	PUNCT
arjefm-1157	222	61	american	american	PROPN
arjefm-1157	222	62	research	research	PROPN
arjefm-1157	222	63	journal	journal	PROPN
arjefm-1157	222	64	of	of	ADP
arjefm-1157	222	65	economics	economic	NOUN
arjefm-1157	222	66	,	,	PUNCT
arjefm-1157	222	67	finance	finance	NOUN
arjefm-1157	222	68	and	and	CCONJ
arjefm-1157	222	69	management	management	NOUN
arjefm-1157	222	70	volume	volume	NOUN
arjefm-1157	222	71	13	13	NUM
arjefm-1157	222	72	issue	issue	NOUN
arjefm-1157	222	73	1	1	NUM
arjefm-1157	222	74	,	,	PUNCT
arjefm-1157	222	75	january	january	PROPN
arjefm-1157	222	76	-	-	PUNCT
arjefm-1157	222	77	march	march	PROPN
arjefm-1157	222	78	2025	2025	NUM
arjefm-1157	222	79	issn	issn	NOUN
arjefm-1157	222	80	:	:	PUNCT
arjefm-1157	222	81	2836	2836	NUM
arjefm-1157	222	82	-	-	SYM
arjefm-1157	222	83	9416	9416	NUM
arjefm-1157	222	84	impact	impact	NOUN
arjefm-1157	222	85	factor	factor	NOUN
arjefm-1157	222	86	:	:	PUNCT
arjefm-1157	222	87	6.41	6.41	NUM
arjefm-1157	222	88	journal	journal	NOUN
arjefm-1157	222	89	homepage	homepage	NOUN
arjefm-1157	222	90	:	:	PUNCT
arjefm-1157	222	91	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	222	92	,	,	PUNCT
arjefm-1157	222	93	email	email	NOUN
arjefm-1157	222	94	:	:	PUNCT
arjefm-1157	222	95	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	222	96	official	official	ADJ
arjefm-1157	222	97	journal	journal	PROPN
arjefm-1157	222	98	of	of	ADP
arjefm-1157	222	99	america	america	PROPN
arjefm-1157	222	100	serial	serial	PROPN
arjefm-1157	222	101	publication	publication	NOUN
arjefm-1157	222	102	american	american	PROPN
arjefm-1157	222	103	research	research	PROPN
arjefm-1157	222	104	journal	journal	PROPN
arjefm-1157	222	105	of	of	ADP
arjefm-1157	222	106	economics	economic	NOUN
arjefm-1157	222	107	,	,	PUNCT
arjefm-1157	222	108	finance	finance	NOUN
arjefm-1157	222	109	and	and	CCONJ
arjefm-1157	222	110	management	management	NOUN
arjefm-1157	222	111	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	222	112	,	,	PUNCT
arjefm-1157	222	113	email	email	NOUN
arjefm-1157	222	114	:	:	PUNCT
arjefm-1157	223	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	223	2	74	74	NUM
arjefm-1157	224	1	|	|	ADV
arjefm-1157	224	2	p	p	X
arjefm-1157	224	3	a	a	DET
arjefm-1157	224	4	g	g	NOUN
arjefm-1157	224	5	e	e	NOUN
arjefm-1157	224	6	where	where	SCONJ
arjefm-1157	224	7	ϒ	ϒ	PROPN
arjefm-1157	224	8	is	be	AUX
arjefm-1157	224	9	the	the	DET
arjefm-1157	224	10	error	error	NOUN
arjefm-1157	224	11	correction	correction	NOUN
arjefm-1157	224	12	term	term	NOUN
arjefm-1157	224	13	in	in	ADP
arjefm-1157	224	14	this	this	DET
arjefm-1157	224	15	study	study	NOUN
arjefm-1157	224	16	.	.	PUNCT
arjefm-1157	225	1	the	the	DET
arjefm-1157	225	2	study	study	NOUN
arjefm-1157	225	3	collected	collect	VERB
arjefm-1157	225	4	1986	1986	NUM
arjefm-1157	225	5	to	to	ADP
arjefm-1157	225	6	2024	2024	NUM
arjefm-1157	225	7	annual	annual	ADJ
arjefm-1157	225	8	data	datum	NOUN
arjefm-1157	225	9	from	from	ADP
arjefm-1157	225	10	the	the	DET
arjefm-1157	225	11	central	central	ADJ
arjefm-1157	225	12	bank	bank	PROPN
arjefm-1157	225	13	of	of	ADP
arjefm-1157	225	14	nigeria	nigeria	PROPN
arjefm-1157	225	15	statistical	statistical	ADJ
arjefm-1157	225	16	bulletin	bulletin	NOUN
arjefm-1157	225	17	various	various	ADJ
arjefm-1157	225	18	years	year	NOUN
arjefm-1157	225	19	and	and	CCONJ
arjefm-1157	225	20	world	world	PROPN
arjefm-1157	225	21	bank	bank	PROPN
arjefm-1157	225	22	development	development	NOUN
arjefm-1157	225	23	indicators	indicator	NOUN
arjefm-1157	225	24	.	.	PUNCT
arjefm-1157	226	1	4.0	4.0	NUM
arjefm-1157	226	2	empirical	empirical	ADJ
arjefm-1157	226	3	analysis	analysis	NOUN
arjefm-1157	226	4	4.1	4.1	NUM
arjefm-1157	226	5	unit	unit	NOUN
arjefm-1157	226	6	root	root	NOUN
arjefm-1157	226	7	analysis	analysis	NOUN
arjefm-1157	226	8	table	table	NOUN
arjefm-1157	226	9	4.1	4.1	NUM
arjefm-1157	226	10	unit	unit	NOUN
arjefm-1157	226	11	root	root	PROPN
arjefm-1157	226	12	test	test	NOUN
arjefm-1157	226	13	variable	variable	PROPN
arjefm-1157	226	14	adf	adf	PROPN
arjefm-1157	226	15	test	test	NOUN
arjefm-1157	226	16	at	at	ADP
arjefm-1157	226	17	levels	level	NOUN
arjefm-1157	226	18	adf	adf	PROPN
arjefm-1157	226	19	test	test	NOUN
arjefm-1157	226	20	at	at	ADP
arjefm-1157	226	21	first	first	ADJ
arjefm-1157	226	22	difference	difference	NOUN
arjefm-1157	226	23	95	95	NUM
arjefm-1157	226	24	%	%	NOUN
arjefm-1157	226	25	critical	critical	ADJ
arjefm-1157	226	26	adf	adf	NOUN
arjefm-1157	226	27	value	value	NOUN
arjefm-1157	226	28	remark	remark	NOUN
arjefm-1157	226	29	fdi	fdi	NOUN
arjefm-1157	226	30	0.419	0.419	NUM
arjefm-1157	226	31	-8.287	-8.287	PUNCT
arjefm-1157	226	32	-2.960	-2.960	ADP
arjefm-1157	226	33	stationary	stationary	ADJ
arjefm-1157	226	34	at	at	ADP
arjefm-1157	226	35	first	first	ADJ
arjefm-1157	226	36	difference	difference	NOUN
arjefm-1157	226	37	fpi	fpi	PROPN
arjefm-1157	226	38	-6.635	-6.635	PROPN
arjefm-1157	226	39	-2.960	-2.960	PROPN
arjefm-1157	226	40	stationary	stationary	VERB
arjefm-1157	226	41	at	at	ADP
arjefm-1157	226	42	levels	level	NOUN
arjefm-1157	226	43	fxr	fxr	VERB
arjefm-1157	226	44	2.422	2.422	NUM
arjefm-1157	226	45	-4.561	-4.561	NOUN
arjefm-1157	226	46	-2.960	-2.960	PROPN
arjefm-1157	226	47	stationary	stationary	VERB
arjefm-1157	226	48	at	at	ADP
arjefm-1157	226	49	first	first	ADJ
arjefm-1157	226	50	difference	difference	NOUN
arjefm-1157	226	51	infl	infl	PROPN
arjefm-1157	226	52	-2.802	-2.802	PROPN
arjefm-1157	226	53	-5.586	-5.586	NOUN
arjefm-1157	226	54	-2.960	-2.960	PROPN
arjefm-1157	226	55	stationary	stationary	ADJ
arjefm-1157	226	56	at	at	ADP
arjefm-1157	226	57	first	first	ADJ
arjefm-1157	226	58	difference	difference	NOUN
arjefm-1157	226	59	hc	hc	X
arjefm-1157	226	60	-1.684	-1.684	PROPN
arjefm-1157	226	61	-3.131	-3.131	PUNCT
arjefm-1157	226	62	-2.960	-2.960	PUNCT
arjefm-1157	226	63	stationary	stationary	VERB
arjefm-1157	226	64	at	at	ADP
arjefm-1157	226	65	first	first	ADJ
arjefm-1157	226	66	difference	difference	NOUN
arjefm-1157	226	67	exdt	exdt	NOUN
arjefm-1157	226	68	-1.892	-1.892	NOUN
arjefm-1157	226	69	-4.129	-4.129	PROPN
arjefm-1157	226	70	-2.960	-2.960	PUNCT
arjefm-1157	226	71	stationary	stationary	VERB
arjefm-1157	226	72	at	at	ADP
arjefm-1157	226	73	first	first	ADJ
arjefm-1157	226	74	difference	difference	NOUN
arjefm-1157	226	75	rgdp	rgdp	NOUN
arjefm-1157	226	76	3.715	3.715	NUM
arjefm-1157	226	77	-2.960	-2.960	PUNCT
arjefm-1157	226	78	stationary	stationary	ADV
arjefm-1157	226	79	at	at	ADP
arjefm-1157	226	80	levels	level	NOUN
arjefm-1157	226	81	libor	libor	PROPN
arjefm-1157	226	82	-2.573	-2.573	PUNCT
arjefm-1157	226	83	-3.648	-3.648	PROPN
arjefm-1157	226	84	-2.960	-2.960	PUNCT
arjefm-1157	226	85	stationary	stationary	VERB
arjefm-1157	226	86	at	at	ADP
arjefm-1157	226	87	first	first	ADJ
arjefm-1157	226	88	difference	difference	NOUN
arjefm-1157	226	89	opn	opn	PROPN
arjefm-1157	226	90	-1.521	-1.521	PROPN
arjefm-1157	226	91	-3.089	-3.089	NOUN
arjefm-1157	226	92	-2.960	-2.960	PUNCT
arjefm-1157	226	93	stationary	stationary	VERB
arjefm-1157	226	94	at	at	ADP
arjefm-1157	226	95	first	first	ADJ
arjefm-1157	226	96	difference	difference	NOUN
arjefm-1157	226	97	source	source	NOUN
arjefm-1157	226	98	:	:	PUNCT
arjefm-1157	226	99	result	result	NOUN
arjefm-1157	226	100	extracted	extract	VERB
arjefm-1157	226	101	by	by	ADP
arjefm-1157	226	102	authors	author	NOUN
arjefm-1157	226	103	from	from	ADP
arjefm-1157	226	104	the	the	DET
arjefm-1157	226	105	e	e	NOUN
arjefm-1157	226	106	-	-	NOUN
arjefm-1157	226	107	views	views	ADJ
arjefm-1157	226	108	9	9	NUM
arjefm-1157	226	109	american	american	ADJ
arjefm-1157	226	110	research	research	PROPN
arjefm-1157	226	111	journal	journal	PROPN
arjefm-1157	226	112	of	of	ADP
arjefm-1157	226	113	economics	economic	NOUN
arjefm-1157	226	114	,	,	PUNCT
arjefm-1157	226	115	finance	finance	NOUN
arjefm-1157	226	116	and	and	CCONJ
arjefm-1157	226	117	management	management	NOUN
arjefm-1157	226	118	volume	volume	NOUN
arjefm-1157	226	119	13	13	NUM
arjefm-1157	226	120	issue	issue	NOUN
arjefm-1157	226	121	1	1	NUM
arjefm-1157	226	122	,	,	PUNCT
arjefm-1157	226	123	january	january	PROPN
arjefm-1157	226	124	-	-	PUNCT
arjefm-1157	226	125	march	march	PROPN
arjefm-1157	226	126	2025	2025	NUM
arjefm-1157	226	127	issn	issn	NOUN
arjefm-1157	226	128	:	:	PUNCT
arjefm-1157	226	129	2836	2836	NUM
arjefm-1157	226	130	-	-	SYM
arjefm-1157	226	131	9416	9416	NUM
arjefm-1157	226	132	impact	impact	NOUN
arjefm-1157	226	133	factor	factor	NOUN
arjefm-1157	226	134	:	:	PUNCT
arjefm-1157	226	135	6.41	6.41	NUM
arjefm-1157	226	136	journal	journal	NOUN
arjefm-1157	226	137	homepage	homepage	NOUN
arjefm-1157	226	138	:	:	PUNCT
arjefm-1157	226	139	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	226	140	,	,	PUNCT
arjefm-1157	226	141	email	email	NOUN
arjefm-1157	226	142	:	:	PUNCT
arjefm-1157	226	143	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	226	144	official	official	ADJ
arjefm-1157	226	145	journal	journal	PROPN
arjefm-1157	226	146	of	of	ADP
arjefm-1157	226	147	america	america	PROPN
arjefm-1157	226	148	serial	serial	PROPN
arjefm-1157	226	149	publication	publication	NOUN
arjefm-1157	226	150	american	american	PROPN
arjefm-1157	226	151	research	research	PROPN
arjefm-1157	226	152	journal	journal	PROPN
arjefm-1157	226	153	of	of	ADP
arjefm-1157	226	154	economics	economic	NOUN
arjefm-1157	226	155	,	,	PUNCT
arjefm-1157	226	156	finance	finance	NOUN
arjefm-1157	226	157	and	and	CCONJ
arjefm-1157	226	158	management	management	NOUN
arjefm-1157	226	159	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	226	160	,	,	PUNCT
arjefm-1157	226	161	email	email	NOUN
arjefm-1157	226	162	:	:	PUNCT
arjefm-1157	227	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	227	2	75	75	NUM
arjefm-1157	228	1	|	|	ADV
arjefm-1157	228	2	p	p	X
arjefm-1157	228	3	a	a	DET
arjefm-1157	228	4	g	g	NOUN
arjefm-1157	228	5	e	e	NOUN
arjefm-1157	228	6	the	the	DET
arjefm-1157	228	7	study	study	NOUN
arjefm-1157	228	8	uses	use	VERB
arjefm-1157	228	9	augmented	augment	VERB
arjefm-1157	228	10	dickey	dickey	PROPN
arjefm-1157	228	11	fuller	full	ADJ
arjefm-1157	228	12	(	(	PUNCT
arjefm-1157	228	13	adf	adf	NOUN
arjefm-1157	228	14	)	)	PUNCT
arjefm-1157	228	15	unit	unit	NOUN
arjefm-1157	228	16	root	root	NOUN
arjefm-1157	228	17	test	test	NOUN
arjefm-1157	228	18	to	to	PART
arjefm-1157	228	19	test	test	VERB
arjefm-1157	228	20	for	for	ADP
arjefm-1157	228	21	stationarity	stationarity	NOUN
arjefm-1157	228	22	of	of	ADP
arjefm-1157	228	23	the	the	DET
arjefm-1157	228	24	data	datum	NOUN
arjefm-1157	228	25	and	and	CCONJ
arjefm-1157	228	26	the	the	DET
arjefm-1157	228	27	result	result	NOUN
arjefm-1157	228	28	from	from	ADP
arjefm-1157	228	29	the	the	DET
arjefm-1157	228	30	table	table	NOUN
arjefm-1157	228	31	above	above	ADV
arjefm-1157	228	32	shows	show	VERB
arjefm-1157	228	33	that	that	SCONJ
arjefm-1157	228	34	apart	apart	ADV
arjefm-1157	228	35	from	from	ADP
arjefm-1157	228	36	fpi	fpi	PROPN
arjefm-1157	228	37	and	and	CCONJ
arjefm-1157	228	38	rgdp	rgdp	NOUN
arjefm-1157	228	39	all	all	DET
arjefm-1157	228	40	the	the	DET
arjefm-1157	228	41	other	other	ADJ
arjefm-1157	228	42	variables	variable	NOUN
arjefm-1157	228	43	possess	possess	VERB
arjefm-1157	228	44	adf	adf	NOUN
arjefm-1157	228	45	values	value	NOUN
arjefm-1157	228	46	that	that	PRON
arjefm-1157	228	47	are	be	AUX
arjefm-1157	228	48	less	less	ADJ
arjefm-1157	228	49	than	than	ADP
arjefm-1157	228	50	the	the	DET
arjefm-1157	228	51	95	95	NUM
arjefm-1157	228	52	percent	percent	NOUN
arjefm-1157	228	53	critical	critical	ADJ
arjefm-1157	228	54	adf	adf	NOUN
arjefm-1157	228	55	value	value	NOUN
arjefm-1157	228	56	.	.	PUNCT
arjefm-1157	229	1	this	this	PRON
arjefm-1157	229	2	means	mean	VERB
arjefm-1157	229	3	that	that	SCONJ
arjefm-1157	229	4	the	the	DET
arjefm-1157	229	5	time	time	NOUN
arjefm-1157	229	6	series	series	PROPN
arjefm-1157	229	7	are	be	AUX
arjefm-1157	229	8	nonstationary	nonstationary	ADJ
arjefm-1157	229	9	at	at	ADP
arjefm-1157	229	10	levels	level	NOUN
arjefm-1157	229	11	.	.	PUNCT
arjefm-1157	230	1	however	however	ADV
arjefm-1157	230	2	,	,	PUNCT
arjefm-1157	230	3	the	the	DET
arjefm-1157	230	4	variables	variable	NOUN
arjefm-1157	230	5	fpi	fpi	PROPN
arjefm-1157	230	6	and	and	CCONJ
arjefm-1157	230	7	rgdp	rgdp	NOUN
arjefm-1157	230	8	are	be	AUX
arjefm-1157	230	9	stationary	stationary	ADJ
arjefm-1157	230	10	at	at	ADP
arjefm-1157	230	11	levels	level	NOUN
arjefm-1157	230	12	,	,	PUNCT
arjefm-1157	230	13	indicating	indicate	VERB
arjefm-1157	230	14	that	that	SCONJ
arjefm-1157	230	15	these	these	DET
arjefm-1157	230	16	variables	variable	NOUN
arjefm-1157	230	17	are	be	AUX
arjefm-1157	230	18	not	not	PART
arjefm-1157	230	19	time	time	NOUN
arjefm-1157	230	20	-	-	PUNCT
arjefm-1157	230	21	dependent	dependent	ADJ
arjefm-1157	230	22	as	as	SCONJ
arjefm-1157	230	23	seen	see	VERB
arjefm-1157	230	24	in	in	ADP
arjefm-1157	230	25	the	the	DET
arjefm-1157	230	26	table	table	NOUN
arjefm-1157	230	27	.	.	PUNCT
arjefm-1157	231	1	4.2	4.2	NUM
arjefm-1157	231	2	co	co	NOUN
arjefm-1157	231	3	-	-	NOUN
arjefm-1157	231	4	integration	integration	NOUN
arjefm-1157	231	5	test	test	NOUN
arjefm-1157	231	6	table	table	NOUN
arjefm-1157	231	7	4.2	4.2	NUM
arjefm-1157	231	8	:	:	PUNCT
arjefm-1157	231	9	engle	engle	PROPN
arjefm-1157	231	10	and	and	CCONJ
arjefm-1157	231	11	granger	granger	PROPN
arjefm-1157	231	12	residual	residual	ADJ
arjefm-1157	231	13	cointegration	cointegration	NOUN
arjefm-1157	231	14	tests	test	NOUN
arjefm-1157	231	15	results	result	VERB
arjefm-1157	231	16	model	model	PROPN
arjefm-1157	231	17	adf	adf	PROPN
arjefm-1157	231	18	lag	lag	PROPN
arjefm-1157	231	19	calculated	calculate	VERB
arjefm-1157	231	20	adf	adf	PROPN
arjefm-1157	231	21	critical	critical	ADJ
arjefm-1157	231	22	adf	adf	NOUN
arjefm-1157	231	23	value	value	NOUN
arjefm-1157	231	24	(	(	PUNCT
arjefm-1157	231	25	95	95	NUM
arjefm-1157	231	26	%	%	NOUN
arjefm-1157	231	27	)	)	PUNCT
arjefm-1157	231	28	remark	remark	NOUN
arjefm-1157	231	29	1	1	NUM
arjefm-1157	231	30	1	1	NUM
arjefm-1157	231	31	-7.249	-7.249	NOUN
arjefm-1157	231	32	-2.957	-2.957	NOUN
arjefm-1157	231	33	stationary	stationary	ADJ
arjefm-1157	231	34	2	2	NUM
arjefm-1157	231	35	1	1	NUM
arjefm-1157	231	36	-5.817	-5.817	NUM
arjefm-1157	231	37	-2.986	-2.986	PROPN
arjefm-1157	231	38	stationary	stationary	ADJ
arjefm-1157	231	39	source	source	NOUN
arjefm-1157	231	40	:	:	PUNCT
arjefm-1157	231	41	result	result	NOUN
arjefm-1157	231	42	extracted	extract	VERB
arjefm-1157	231	43	by	by	ADP
arjefm-1157	231	44	authors	author	NOUN
arjefm-1157	231	45	from	from	ADP
arjefm-1157	231	46	the	the	DET
arjefm-1157	231	47	e	e	NOUN
arjefm-1157	231	48	-	-	NOUN
arjefm-1157	231	49	views	view	NOUN
arjefm-1157	231	50	9	9	NUM
arjefm-1157	231	51	looking	look	VERB
arjefm-1157	231	52	at	at	ADP
arjefm-1157	231	53	table	table	NOUN
arjefm-1157	231	54	4.2	4.2	NUM
arjefm-1157	231	55	above	above	ADV
arjefm-1157	231	56	,	,	PUNCT
arjefm-1157	231	57	it	it	PRON
arjefm-1157	231	58	reveals	reveal	VERB
arjefm-1157	231	59	that	that	SCONJ
arjefm-1157	231	60	by	by	ADP
arjefm-1157	231	61	using	use	VERB
arjefm-1157	231	62	the	the	DET
arjefm-1157	231	63	engle	engle	NOUN
arjefm-1157	231	64	and	and	CCONJ
arjefm-1157	231	65	granger	granger	PROPN
arjefm-1157	231	66	co	co	PROPN
arjefm-1157	231	67	-	-	NOUN
arjefm-1157	231	68	integration	integration	NOUN
arjefm-1157	231	69	procedure	procedure	NOUN
arjefm-1157	231	70	,	,	PUNCT
arjefm-1157	231	71	two	two	NUM
arjefm-1157	231	72	of	of	ADP
arjefm-1157	231	73	the	the	DET
arjefm-1157	231	74	models	model	NOUN
arjefm-1157	231	75	have	have	VERB
arjefm-1157	231	76	adf	adf	PROPN
arjefm-1157	231	77	test	test	NOUN
arjefm-1157	231	78	statistic	statistic	PROPN
arjefm-1157	231	79	values	value	NOUN
arjefm-1157	231	80	that	that	PRON
arjefm-1157	231	81	are	be	AUX
arjefm-1157	231	82	more	more	ADJ
arjefm-1157	231	83	than	than	ADP
arjefm-1157	231	84	the	the	DET
arjefm-1157	231	85	95	95	NUM
arjefm-1157	231	86	percent	percent	NOUN
arjefm-1157	231	87	critical	critical	ADJ
arjefm-1157	231	88	adf	adf	NOUN
arjefm-1157	231	89	value	value	NOUN
arjefm-1157	231	90	as	as	SCONJ
arjefm-1157	231	91	seen	see	VERB
arjefm-1157	231	92	in	in	ADP
arjefm-1157	231	93	the	the	DET
arjefm-1157	231	94	table	table	NOUN
arjefm-1157	231	95	.	.	PUNCT
arjefm-1157	232	1	therefore	therefore	ADV
arjefm-1157	232	2	,	,	PUNCT
arjefm-1157	232	3	it	it	PRON
arjefm-1157	232	4	shows	show	VERB
arjefm-1157	232	5	that	that	SCONJ
arjefm-1157	232	6	the	the	DET
arjefm-1157	232	7	null	null	ADJ
arjefm-1157	232	8	hypothesis	hypothesis	NOUN
arjefm-1157	232	9	of	of	ADP
arjefm-1157	232	10	no	no	DET
arjefm-1157	232	11	co	co	NOUN
arjefm-1157	232	12	-	-	NOUN
arjefm-1157	232	13	integration	integration	NOUN
arjefm-1157	232	14	among	among	ADP
arjefm-1157	232	15	the	the	DET
arjefm-1157	232	16	variables	variable	NOUN
arjefm-1157	232	17	at	at	ADP
arjefm-1157	232	18	5	5	NUM
arjefm-1157	232	19	percent	percent	NOUN
arjefm-1157	232	20	level	level	NOUN
arjefm-1157	232	21	of	of	ADP
arjefm-1157	232	22	significant	significant	ADJ
arjefm-1157	232	23	is	be	AUX
arjefm-1157	232	24	rejected	reject	VERB
arjefm-1157	232	25	.	.	PUNCT
arjefm-1157	233	1	this	this	PRON
arjefm-1157	233	2	means	mean	VERB
arjefm-1157	233	3	that	that	SCONJ
arjefm-1157	233	4	the	the	DET
arjefm-1157	233	5	variables	variable	NOUN
arjefm-1157	233	6	are	be	AUX
arjefm-1157	233	7	stationary	stationary	ADJ
arjefm-1157	233	8	and	and	CCONJ
arjefm-1157	233	9	this	this	PRON
arjefm-1157	233	10	shows	show	VERB
arjefm-1157	233	11	that	that	SCONJ
arjefm-1157	233	12	the	the	DET
arjefm-1157	233	13	time	time	NOUN
arjefm-1157	233	14	series	series	PROPN
arjefm-1157	233	15	data	datum	NOUN
arjefm-1157	233	16	use	use	NOUN
arjefm-1157	233	17	in	in	ADP
arjefm-1157	233	18	this	this	DET
arjefm-1157	233	19	study	study	NOUN
arjefm-1157	233	20	is	be	AUX
arjefm-1157	233	21	cointegrated	cointegrate	VERB
arjefm-1157	233	22	at	at	ADP
arjefm-1157	233	23	the	the	DET
arjefm-1157	233	24	5	5	NUM
arjefm-1157	233	25	%	%	NOUN
arjefm-1157	233	26	level	level	NOUN
arjefm-1157	233	27	of	of	ADP
arjefm-1157	233	28	significant	significant	ADJ
arjefm-1157	233	29	.	.	PUNCT
arjefm-1157	234	1	this	this	PRON
arjefm-1157	234	2	then	then	ADV
arjefm-1157	234	3	means	mean	VERB
arjefm-1157	234	4	that	that	SCONJ
arjefm-1157	234	5	,	,	PUNCT
arjefm-1157	234	6	there	there	PRON
arjefm-1157	234	7	is	be	VERB
arjefm-1157	234	8	a	a	DET
arjefm-1157	234	9	long	long	ADJ
arjefm-1157	234	10	run	run	NOUN
arjefm-1157	234	11	relationship	relationship	NOUN
arjefm-1157	234	12	existing	exist	VERB
arjefm-1157	234	13	between	between	ADP
arjefm-1157	234	14	the	the	DET
arjefm-1157	234	15	dependent	dependent	ADJ
arjefm-1157	234	16	variable	variable	NOUN
arjefm-1157	234	17	and	and	CCONJ
arjefm-1157	234	18	selected	select	VERB
arjefm-1157	234	19	independent	independent	ADJ
arjefm-1157	234	20	variables	variable	NOUN
arjefm-1157	234	21	in	in	ADP
arjefm-1157	234	22	this	this	DET
arjefm-1157	234	23	study	study	NOUN
arjefm-1157	234	24	.	.	PUNCT
arjefm-1157	235	1	from	from	ADP
arjefm-1157	235	2	the	the	DET
arjefm-1157	235	3	results	result	NOUN
arjefm-1157	235	4	above	above	ADP
arjefm-1157	235	5	which	which	PRON
arjefm-1157	235	6	shows	show	VERB
arjefm-1157	235	7	that	that	SCONJ
arjefm-1157	235	8	some	some	DET
arjefm-1157	235	9	variables	variable	NOUN
arjefm-1157	235	10	are	be	AUX
arjefm-1157	235	11	not	not	PART
arjefm-1157	235	12	stationary	stationary	ADJ
arjefm-1157	235	13	at	at	ADP
arjefm-1157	235	14	levels	level	NOUN
arjefm-1157	235	15	gives	give	VERB
arjefm-1157	235	16	us	we	PRON
arjefm-1157	235	17	the	the	DET
arjefm-1157	235	18	impetus	impetus	NOUN
arjefm-1157	235	19	investigate	investigate	VERB
arjefm-1157	235	20	further	far	ADV
arjefm-1157	235	21	if	if	SCONJ
arjefm-1157	235	22	the	the	DET
arjefm-1157	235	23	variables	variable	NOUN
arjefm-1157	235	24	are	be	AUX
arjefm-1157	235	25	co	co	ADJ
arjefm-1157	235	26	-	-	VERB
arjefm-1157	235	27	integrated	integrate	VERB
arjefm-1157	235	28	in	in	ADP
arjefm-1157	235	29	the	the	DET
arjefm-1157	235	30	study	study	NOUN
arjefm-1157	235	31	.	.	PUNCT
arjefm-1157	236	1	for	for	SCONJ
arjefm-1157	236	2	us	we	PRON
arjefm-1157	236	3	to	to	PART
arjefm-1157	236	4	carry	carry	VERB
arjefm-1157	236	5	out	out	ADP
arjefm-1157	236	6	this	this	DET
arjefm-1157	236	7	test	test	NOUN
arjefm-1157	236	8	we	we	PRON
arjefm-1157	236	9	have	have	VERB
arjefm-1157	236	10	to	to	PART
arjefm-1157	236	11	rely	rely	VERB
arjefm-1157	236	12	on	on	ADP
arjefm-1157	236	13	the	the	DET
arjefm-1157	236	14	engle	engle	NOUN
arjefm-1157	236	15	and	and	CCONJ
arjefm-1157	236	16	granger	granger	PROPN
arjefm-1157	236	17	hypothesis	hypothesis	NOUN
arjefm-1157	236	18	of	of	ADP
arjefm-1157	236	19	1987	1987	NUM
arjefm-1157	236	20	which	which	PRON
arjefm-1157	236	21	opined	opine	VERB
arjefm-1157	236	22	that	that	SCONJ
arjefm-1157	236	23	,	,	PUNCT
arjefm-1157	236	24	when	when	SCONJ
arjefm-1157	236	25	time	time	NOUN
arjefm-1157	236	26	series	series	PROPN
arjefm-1157	236	27	data	data	PROPN
arjefm-1157	236	28	pt	pt	PROPN
arjefm-1157	236	29	and	and	CCONJ
arjefm-1157	236	30	qt	qt	NOUN
arjefm-1157	236	31	use	use	NOUN
arjefm-1157	236	32	in	in	ADP
arjefm-1157	236	33	analysis	analysis	NOUN
arjefm-1157	236	34	are	be	AUX
arjefm-1157	236	35	not	not	PART
arjefm-1157	236	36	stationary	stationary	ADJ
arjefm-1157	236	37	at	at	ADP
arjefm-1157	236	38	levels	level	NOUN
arjefm-1157	236	39	i(0	i(0	PROPN
arjefm-1157	236	40	)	)	PUNCT
arjefm-1157	236	41	but	but	CCONJ
arjefm-1157	236	42	otherwise	otherwise	ADV
arjefm-1157	236	43	at	at	ADP
arjefm-1157	236	44	first	first	ADJ
arjefm-1157	236	45	-	-	PUNCT
arjefm-1157	236	46	difference	difference	NOUN
arjefm-1157	236	47	,	,	PUNCT
arjefm-1157	236	48	i(1	i(1	PROPN
arjefm-1157	236	49	)	)	PUNCT
arjefm-1157	236	50	,	,	PUNCT
arjefm-1157	236	51	they	they	PRON
arjefm-1157	236	52	opined	opine	VERB
arjefm-1157	236	53	then	then	ADV
arjefm-1157	236	54	that	that	SCONJ
arjefm-1157	236	55	there	there	PRON
arjefm-1157	236	56	could	could	AUX
arjefm-1157	236	57	be	be	AUX
arjefm-1157	236	58	a	a	DET
arjefm-1157	236	59	linear	linear	ADJ
arjefm-1157	236	60	combination	combination	NOUN
arjefm-1157	236	61	of	of	ADP
arjefm-1157	236	62	pt	pt	NOUN
arjefm-1157	236	63	and	and	CCONJ
arjefm-1157	236	64	qt	qt	NOUN
arjefm-1157	236	65	,	,	PUNCT
arjefm-1157	236	66	which	which	PRON
arjefm-1157	236	67	is	be	AUX
arjefm-1157	236	68	stationary	stationary	ADJ
arjefm-1157	236	69	at	at	ADP
arjefm-1157	236	70	first	first	ADJ
arjefm-1157	236	71	difference	difference	NOUN
arjefm-1157	236	72	.	.	PUNCT
arjefm-1157	237	1	this	this	PRON
arjefm-1157	237	2	means	mean	VERB
arjefm-1157	237	3	that	that	SCONJ
arjefm-1157	237	4	,	,	PUNCT
arjefm-1157	237	5	the	the	DET
arjefm-1157	237	6	two	two	NUM
arjefm-1157	237	7	time	time	NOUN
arjefm-1157	237	8	series	series	NOUN
arjefm-1157	237	9	variables	variable	NOUN
arjefm-1157	237	10	that	that	PRON
arjefm-1157	237	11	placate	placate	VERB
arjefm-1157	237	12	this	this	DET
arjefm-1157	237	13	condition	condition	NOUN
arjefm-1157	237	14	are	be	AUX
arjefm-1157	237	15	considered	consider	VERB
arjefm-1157	237	16	to	to	PART
arjefm-1157	237	17	be	be	AUX
arjefm-1157	237	18	cointegrated	cointegrate	VERB
arjefm-1157	237	19	.	.	PUNCT
arjefm-1157	238	1	the	the	DET
arjefm-1157	238	2	fact	fact	NOUN
arjefm-1157	238	3	that	that	SCONJ
arjefm-1157	238	4	there	there	PRON
arjefm-1157	238	5	is	be	VERB
arjefm-1157	238	6	an	an	DET
arjefm-1157	238	7	existence	existence	NOUN
arjefm-1157	238	8	of	of	ADP
arjefm-1157	238	9	cointegration	cointegration	NOUN
arjefm-1157	238	10	among	among	ADP
arjefm-1157	238	11	the	the	DET
arjefm-1157	238	12	variables	variable	NOUN
arjefm-1157	238	13	shows	show	VERB
arjefm-1157	238	14	that	that	SCONJ
arjefm-1157	238	15	the	the	DET
arjefm-1157	238	16	two	two	NUM
arjefm-1157	238	17	cointegrated	cointegrated	ADJ
arjefm-1157	238	18	variables	variable	NOUN
arjefm-1157	238	19	must	must	AUX
arjefm-1157	238	20	be	be	AUX
arjefm-1157	238	21	american	american	ADJ
arjefm-1157	238	22	research	research	PROPN
arjefm-1157	238	23	journal	journal	PROPN
arjefm-1157	238	24	of	of	ADP
arjefm-1157	238	25	economics	economic	NOUN
arjefm-1157	238	26	,	,	PUNCT
arjefm-1157	238	27	finance	finance	NOUN
arjefm-1157	238	28	and	and	CCONJ
arjefm-1157	238	29	management	management	NOUN
arjefm-1157	238	30	volume	volume	NOUN
arjefm-1157	238	31	13	13	NUM
arjefm-1157	238	32	issue	issue	NOUN
arjefm-1157	238	33	1	1	NUM
arjefm-1157	238	34	,	,	PUNCT
arjefm-1157	238	35	january	january	PROPN
arjefm-1157	238	36	-	-	PUNCT
arjefm-1157	238	37	march	march	PROPN
arjefm-1157	238	38	2025	2025	NUM
arjefm-1157	238	39	issn	issn	NOUN
arjefm-1157	238	40	:	:	PUNCT
arjefm-1157	238	41	2836	2836	NUM
arjefm-1157	238	42	-	-	SYM
arjefm-1157	238	43	9416	9416	NUM
arjefm-1157	238	44	impact	impact	NOUN
arjefm-1157	238	45	factor	factor	NOUN
arjefm-1157	238	46	:	:	PUNCT
arjefm-1157	238	47	6.41	6.41	NUM
arjefm-1157	238	48	journal	journal	NOUN
arjefm-1157	238	49	homepage	homepage	NOUN
arjefm-1157	238	50	:	:	PUNCT
arjefm-1157	238	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	238	52	,	,	PUNCT
arjefm-1157	238	53	email	email	NOUN
arjefm-1157	238	54	:	:	PUNCT
arjefm-1157	238	55	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	238	56	official	official	ADJ
arjefm-1157	238	57	journal	journal	PROPN
arjefm-1157	238	58	of	of	ADP
arjefm-1157	238	59	america	america	PROPN
arjefm-1157	238	60	serial	serial	PROPN
arjefm-1157	238	61	publication	publication	NOUN
arjefm-1157	238	62	american	american	PROPN
arjefm-1157	238	63	research	research	PROPN
arjefm-1157	238	64	journal	journal	PROPN
arjefm-1157	238	65	of	of	ADP
arjefm-1157	238	66	economics	economic	NOUN
arjefm-1157	238	67	,	,	PUNCT
arjefm-1157	238	68	finance	finance	NOUN
arjefm-1157	238	69	and	and	CCONJ
arjefm-1157	238	70	management	management	NOUN
arjefm-1157	238	71	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	238	72	,	,	PUNCT
arjefm-1157	238	73	email	email	NOUN
arjefm-1157	238	74	:	:	PUNCT
arjefm-1157	238	75	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	239	1	76	76	NUM
arjefm-1157	240	1	|	|	ADV
arjefm-1157	240	2	p	p	X
arjefm-1157	240	3	a	a	DET
arjefm-1157	240	4	g	g	NOUN
arjefm-1157	240	5	e	e	NOUN
arjefm-1157	240	6	moving	move	VERB
arjefm-1157	240	7	together	together	ADV
arjefm-1157	240	8	at	at	ADP
arjefm-1157	240	9	the	the	DET
arjefm-1157	240	10	same	same	ADJ
arjefm-1157	240	11	degree	degree	NOUN
arjefm-1157	240	12	.	.	PUNCT
arjefm-1157	241	1	according	accord	VERB
arjefm-1157	241	2	to	to	ADP
arjefm-1157	241	3	the	the	DET
arjefm-1157	241	4	theory	theory	NOUN
arjefm-1157	241	5	by	by	ADP
arjefm-1157	241	6	engle	engle	PROPN
arjefm-1157	241	7	and	and	CCONJ
arjefm-1157	241	8	granger	granger	PROPN
arjefm-1157	241	9	,	,	PUNCT
arjefm-1157	241	10	a	a	DET
arjefm-1157	241	11	necessary	necessary	ADJ
arjefm-1157	241	12	condition	condition	NOUN
arjefm-1157	241	13	for	for	ADP
arjefm-1157	241	14	cointegration	cointegration	NOUN
arjefm-1157	241	15	is	be	AUX
arjefm-1157	241	16	that	that	SCONJ
arjefm-1157	241	17	the	the	DET
arjefm-1157	241	18	data	datum	NOUN
arjefm-1157	241	19	should	should	AUX
arjefm-1157	241	20	be	be	AUX
arjefm-1157	241	21	co	co	VERB
arjefm-1157	241	22	-	-	VERB
arjefm-1157	241	23	integrated	integrate	VERB
arjefm-1157	241	24	at	at	ADP
arjefm-1157	241	25	the	the	DET
arjefm-1157	241	26	same	same	ADJ
arjefm-1157	241	27	order	order	NOUN
arjefm-1157	241	28	.	.	PUNCT
arjefm-1157	242	1	to	to	PART
arjefm-1157	242	2	further	far	ADV
arjefm-1157	242	3	ascertain	ascertain	VERB
arjefm-1157	242	4	the	the	DET
arjefm-1157	242	5	state	state	NOUN
arjefm-1157	242	6	of	of	ADP
arjefm-1157	242	7	cointegration	cointegration	NOUN
arjefm-1157	242	8	in	in	ADP
arjefm-1157	242	9	this	this	DET
arjefm-1157	242	10	study	study	NOUN
arjefm-1157	242	11	we	we	PRON
arjefm-1157	242	12	employ	employ	VERB
arjefm-1157	242	13	the	the	DET
arjefm-1157	242	14	engle	engle	NOUN
arjefm-1157	242	15	and	and	CCONJ
arjefm-1157	242	16	granger	granger	PROPN
arjefm-1157	242	17	two	two	NUM
arjefm-1157	242	18	-	-	PUNCT
arjefm-1157	242	19	step	step	NOUN
arjefm-1157	242	20	method	method	NOUN
arjefm-1157	242	21	.	.	PUNCT
arjefm-1157	243	1	by	by	ADP
arjefm-1157	243	2	this	this	DET
arjefm-1157	243	3	method	method	NOUN
arjefm-1157	243	4	we	we	PRON
arjefm-1157	243	5	regress	regress	VERB
arjefm-1157	243	6	the	the	DET
arjefm-1157	243	7	dependent	dependent	ADJ
arjefm-1157	243	8	variable	variable	NOUN
arjefm-1157	243	9	on	on	ADP
arjefm-1157	243	10	all	all	DET
arjefm-1157	243	11	the	the	DET
arjefm-1157	243	12	independent	independent	ADJ
arjefm-1157	243	13	variables	variable	NOUN
arjefm-1157	243	14	.	.	PUNCT
arjefm-1157	244	1	the	the	DET
arjefm-1157	244	2	value	value	NOUN
arjefm-1157	244	3	of	of	ADP
arjefm-1157	244	4	the	the	DET
arjefm-1157	244	5	residuals	residual	NOUN
arjefm-1157	244	6	confirms	confirm	VERB
arjefm-1157	244	7	the	the	DET
arjefm-1157	244	8	results	result	NOUN
arjefm-1157	244	9	,	,	PUNCT
arjefm-1157	244	10	that	that	ADV
arjefm-1157	244	11	is	is	ADV
arjefm-1157	244	12	,	,	PUNCT
arjefm-1157	244	13	if	if	SCONJ
arjefm-1157	244	14	the	the	DET
arjefm-1157	244	15	variables	variable	NOUN
arjefm-1157	244	16	are	be	AUX
arjefm-1157	244	17	cointegrated	cointegrate	VERB
arjefm-1157	244	18	,	,	PUNCT
arjefm-1157	244	19	the	the	DET
arjefm-1157	244	20	residual	residual	ADJ
arjefm-1157	244	21	from	from	ADP
arjefm-1157	244	22	the	the	DET
arjefm-1157	244	23	cointegrating	cointegrate	VERB
arjefm-1157	244	24	equation	equation	NOUN
arjefm-1157	244	25	must	must	AUX
arjefm-1157	244	26	be	be	AUX
arjefm-1157	244	27	integrated	integrate	VERB
arjefm-1157	244	28	to	to	PART
arjefm-1157	244	29	order	order	VERB
arjefm-1157	244	30	zero	zero	NUM
arjefm-1157	244	31	in	in	ADP
arjefm-1157	244	32	the	the	DET
arjefm-1157	244	33	study	study	NOUN
arjefm-1157	244	34	.	.	PUNCT
arjefm-1157	245	1	considering	consider	VERB
arjefm-1157	245	2	the	the	DET
arjefm-1157	245	3	analysis	analysis	NOUN
arjefm-1157	245	4	in	in	ADP
arjefm-1157	245	5	this	this	DET
arjefm-1157	245	6	study	study	NOUN
arjefm-1157	245	7	,	,	PUNCT
arjefm-1157	245	8	the	the	DET
arjefm-1157	245	9	cointegration	cointegration	NOUN
arjefm-1157	245	10	tests	test	NOUN
arjefm-1157	245	11	are	be	AUX
arjefm-1157	245	12	done	do	VERB
arjefm-1157	245	13	on	on	ADP
arjefm-1157	245	14	the	the	DET
arjefm-1157	245	15	foundation	foundation	NOUN
arjefm-1157	245	16	of	of	ADP
arjefm-1157	245	17	the	the	DET
arjefm-1157	245	18	specific	specific	ADJ
arjefm-1157	245	19	models	model	NOUN
arjefm-1157	245	20	that	that	PRON
arjefm-1157	245	21	were	be	AUX
arjefm-1157	245	22	shown	show	VERB
arjefm-1157	245	23	in	in	ADP
arjefm-1157	245	24	the	the	DET
arjefm-1157	245	25	table	table	NOUN
arjefm-1157	245	26	above	above	ADV
arjefm-1157	245	27	.	.	PUNCT
arjefm-1157	246	1	4.3	4.3	NUM
arjefm-1157	246	2	the	the	DET
arjefm-1157	246	3	long	long	ADJ
arjefm-1157	246	4	run	run	NOUN
arjefm-1157	246	5	results	result	NOUN
arjefm-1157	246	6	table	table	VERB
arjefm-1157	246	7	4.3	4.3	NUM
arjefm-1157	246	8	:	:	PUNCT
arjefm-1157	246	9	the	the	DET
arjefm-1157	246	10	long	long	ADJ
arjefm-1157	246	11	run	run	NOUN
arjefm-1157	246	12	relationship	relationship	NOUN
arjefm-1157	246	13	variables	variable	NOUN
arjefm-1157	246	14	fpi	fpi	PROPN
arjefm-1157	246	15	fdi	fdi	PROPN
arjefm-1157	246	16	c	c	NOUN
arjefm-1157	246	17	9479.7	9479.7	NUM
arjefm-1157	246	18	35926.5	35926.5	NUM
arjefm-1157	246	19	fxr	fxr	NOUN
arjefm-1157	246	20	-0.154	-0.154	PROPN
arjefm-1157	246	21	*	*	PUNCT
arjefm-1157	246	22	*	*	PUNCT
arjefm-1157	246	23	*	*	PUNCT
arjefm-1157	246	24	-0.005	-0.005	PUNCT
arjefm-1157	246	25	infl	infl	PROPN
arjefm-1157	246	26	-7.401	-7.401	PUNCT
arjefm-1157	246	27	16.17	16.17	NUM
arjefm-1157	246	28	*	*	SYM
arjefm-1157	246	29	hc	hc	ADP
arjefm-1157	246	30	69.80	69.80	NUM
arjefm-1157	246	31	80.52	80.52	NUM
arjefm-1157	246	32	exdt	exdt	NOUN
arjefm-1157	246	33	-0.109	-0.109	NUM
arjefm-1157	246	34	*	*	PUNCT
arjefm-1157	246	35	*	*	PUNCT
arjefm-1157	246	36	-0.074	-0.074	PUNCT
arjefm-1157	246	37	*	*	X
arjefm-1157	246	38	rgdp	rgdp	PROPN
arjefm-1157	246	39	0.037	0.037	NUM
arjefm-1157	246	40	*	*	NOUN
arjefm-1157	246	41	0.053	0.053	NUM
arjefm-1157	246	42	*	*	PUNCT
arjefm-1157	246	43	*	*	PUNCT
arjefm-1157	246	44	*	*	PROPN
arjefm-1157	246	45	libor	libor	PROPN
arjefm-1157	246	46	150.4	150.4	NUM
arjefm-1157	246	47	92.05	92.05	NUM
arjefm-1157	246	48	opn	opn	PROPN
arjefm-1157	246	49	-176.3	-176.3	PROPN
arjefm-1157	246	50	-693.2	-693.2	PROPN
arjefm-1157	246	51	r2	r2	PROPN
arjefm-1157	246	52	=	=	PUNCT
arjefm-1157	246	53	0.369	0.369	NUM
arjefm-1157	246	54	f	f	NOUN
arjefm-1157	246	55	=	=	SYM
arjefm-1157	246	56	1.59	1.59	NUM
arjefm-1157	246	57	r2	r2	NOUN
arjefm-1157	246	58	=	=	PUNCT
arjefm-1157	247	1	0.931	0.931	NUM
arjefm-1157	247	2	f	f	X
arjefm-1157	247	3	=	=	SYM
arjefm-1157	247	4	47.9	47.9	NUM
arjefm-1157	247	5	source	source	NOUN
arjefm-1157	247	6	:	:	PUNCT
arjefm-1157	247	7	result	result	NOUN
arjefm-1157	247	8	extracted	extract	VERB
arjefm-1157	247	9	by	by	ADP
arjefm-1157	247	10	authors	author	NOUN
arjefm-1157	247	11	from	from	ADP
arjefm-1157	247	12	the	the	DET
arjefm-1157	247	13	e	e	NOUN
arjefm-1157	247	14	-	-	NOUN
arjefm-1157	247	15	views	view	NOUN
arjefm-1157	247	16	9	9	NUM
arjefm-1157	247	17	*	*	NOUN
arjefm-1157	247	18	shows	show	NOUN
arjefm-1157	247	19	significance	significance	NOUN
arjefm-1157	247	20	at	at	ADP
arjefm-1157	247	21	10	10	NUM
arjefm-1157	247	22	percent	percent	NOUN
arjefm-1157	247	23	level	level	NOUN
arjefm-1157	247	24	;	;	PUNCT
arjefm-1157	247	25	*	*	PUNCT
arjefm-1157	247	26	*	*	NOUN
arjefm-1157	247	27	shows	show	VERB
arjefm-1157	247	28	significance	significance	NOUN
arjefm-1157	247	29	at	at	ADP
arjefm-1157	247	30	5	5	NUM
arjefm-1157	247	31	percent	percent	NOUN
arjefm-1157	247	32	level	level	NOUN
arjefm-1157	247	33	;	;	PUNCT
arjefm-1157	247	34	*	*	PUNCT
arjefm-1157	247	35	*	*	PUNCT
arjefm-1157	247	36	*	*	PUNCT
arjefm-1157	247	37	shows	show	VERB
arjefm-1157	247	38	significance	significance	NOUN
arjefm-1157	247	39	at	at	ADP
arjefm-1157	247	40	1	1	NUM
arjefm-1157	247	41	percent	percent	NOUN
arjefm-1157	247	42	level	level	NOUN
arjefm-1157	247	43	.	.	PUNCT
arjefm-1157	248	1	considering	consider	VERB
arjefm-1157	248	2	table	table	NOUN
arjefm-1157	248	3	4.3	4.3	NUM
arjefm-1157	248	4	above	above	ADV
arjefm-1157	248	5	,	,	PUNCT
arjefm-1157	248	6	the	the	DET
arjefm-1157	248	7	result	result	NOUN
arjefm-1157	248	8	of	of	ADP
arjefm-1157	248	9	the	the	DET
arjefm-1157	248	10	long	long	ADJ
arjefm-1157	248	11	run	run	NOUN
arjefm-1157	248	12	determinants	determinant	NOUN
arjefm-1157	248	13	of	of	ADP
arjefm-1157	248	14	capital	capital	NOUN
arjefm-1157	248	15	flows	flow	NOUN
arjefm-1157	248	16	in	in	ADP
arjefm-1157	248	17	nigeria	nigeria	PROPN
arjefm-1157	248	18	is	be	AUX
arjefm-1157	248	19	shown	show	VERB
arjefm-1157	248	20	.	.	PUNCT
arjefm-1157	249	1	the	the	DET
arjefm-1157	249	2	result	result	NOUN
arjefm-1157	249	3	of	of	ADP
arjefm-1157	249	4	the	the	DET
arjefm-1157	249	5	study	study	NOUN
arjefm-1157	249	6	shows	show	VERB
arjefm-1157	249	7	that	that	SCONJ
arjefm-1157	249	8	the	the	DET
arjefm-1157	249	9	foreign	foreign	ADJ
arjefm-1157	249	10	portfolio	portfolio	NOUN
arjefm-1157	249	11	investment	investment	NOUN
arjefm-1157	249	12	model	model	NOUN
arjefm-1157	249	13	has	have	VERB
arjefm-1157	249	14	a	a	DET
arjefm-1157	249	15	poor	poor	ADJ
arjefm-1157	249	16	relationship	relationship	NOUN
arjefm-1157	249	17	with	with	ADP
arjefm-1157	249	18	rgdp	rgdp	NOUN
arjefm-1157	249	19	.	.	PUNCT
arjefm-1157	250	1	this	this	PRON
arjefm-1157	250	2	is	be	AUX
arjefm-1157	250	3	as	as	SCONJ
arjefm-1157	250	4	seen	see	VERB
arjefm-1157	250	5	by	by	ADP
arjefm-1157	250	6	the	the	DET
arjefm-1157	250	7	small	small	ADJ
arjefm-1157	250	8	r2	r2	PROPN
arjefm-1157	250	9	value	value	NOUN
arjefm-1157	250	10	of	of	ADP
arjefm-1157	250	11	0.369	0.369	NUM
arjefm-1157	250	12	in	in	ADP
arjefm-1157	250	13	the	the	DET
arjefm-1157	250	14	table	table	NOUN
arjefm-1157	250	15	.	.	PUNCT
arjefm-1157	251	1	this	this	PRON
arjefm-1157	251	2	means	mean	VERB
arjefm-1157	251	3	that	that	SCONJ
arjefm-1157	251	4	the	the	DET
arjefm-1157	251	5	long	long	ADJ
arjefm-1157	251	6	run	run	VERB
arjefm-1157	251	7	foreign	foreign	ADJ
arjefm-1157	251	8	american	american	ADJ
arjefm-1157	251	9	research	research	PROPN
arjefm-1157	251	10	journal	journal	PROPN
arjefm-1157	251	11	of	of	ADP
arjefm-1157	251	12	economics	economic	NOUN
arjefm-1157	251	13	,	,	PUNCT
arjefm-1157	251	14	finance	finance	NOUN
arjefm-1157	251	15	and	and	CCONJ
arjefm-1157	251	16	management	management	NOUN
arjefm-1157	251	17	volume	volume	NOUN
arjefm-1157	251	18	13	13	NUM
arjefm-1157	251	19	issue	issue	NOUN
arjefm-1157	251	20	1	1	NUM
arjefm-1157	251	21	,	,	PUNCT
arjefm-1157	251	22	january	january	PROPN
arjefm-1157	251	23	-	-	PUNCT
arjefm-1157	251	24	march	march	PROPN
arjefm-1157	251	25	2025	2025	NUM
arjefm-1157	251	26	issn	issn	NOUN
arjefm-1157	251	27	:	:	PUNCT
arjefm-1157	251	28	2836	2836	NUM
arjefm-1157	251	29	-	-	SYM
arjefm-1157	251	30	9416	9416	NUM
arjefm-1157	251	31	impact	impact	NOUN
arjefm-1157	251	32	factor	factor	NOUN
arjefm-1157	251	33	:	:	PUNCT
arjefm-1157	251	34	6.41	6.41	NUM
arjefm-1157	251	35	journal	journal	NOUN
arjefm-1157	251	36	homepage	homepage	NOUN
arjefm-1157	251	37	:	:	PUNCT
arjefm-1157	251	38	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	251	39	,	,	PUNCT
arjefm-1157	251	40	email	email	NOUN
arjefm-1157	251	41	:	:	PUNCT
arjefm-1157	251	42	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	251	43	official	official	ADJ
arjefm-1157	251	44	journal	journal	PROPN
arjefm-1157	251	45	of	of	ADP
arjefm-1157	251	46	america	america	PROPN
arjefm-1157	251	47	serial	serial	PROPN
arjefm-1157	251	48	publication	publication	NOUN
arjefm-1157	251	49	american	american	PROPN
arjefm-1157	251	50	research	research	PROPN
arjefm-1157	251	51	journal	journal	PROPN
arjefm-1157	251	52	of	of	ADP
arjefm-1157	251	53	economics	economic	NOUN
arjefm-1157	251	54	,	,	PUNCT
arjefm-1157	251	55	finance	finance	NOUN
arjefm-1157	251	56	and	and	CCONJ
arjefm-1157	251	57	management	management	NOUN
arjefm-1157	251	58	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	251	59	,	,	PUNCT
arjefm-1157	251	60	email	email	NOUN
arjefm-1157	251	61	:	:	PUNCT
arjefm-1157	252	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	252	2	77	77	NUM
arjefm-1157	253	1	|	|	ADV
arjefm-1157	253	2	p	p	X
arjefm-1157	253	3	a	a	DET
arjefm-1157	253	4	g	g	NOUN
arjefm-1157	253	5	e	e	NOUN
arjefm-1157	253	6	portfolio	portfolio	NOUN
arjefm-1157	253	7	investment	investment	NOUN
arjefm-1157	253	8	in	in	ADP
arjefm-1157	253	9	nigeria	nigeria	PROPN
arjefm-1157	253	10	is	be	AUX
arjefm-1157	253	11	externally	externally	ADV
arjefm-1157	253	12	influenced	influence	VERB
arjefm-1157	253	13	by	by	ADP
arjefm-1157	253	14	variables	variable	NOUN
arjefm-1157	253	15	not	not	PART
arjefm-1157	253	16	included	include	VERB
arjefm-1157	253	17	in	in	ADP
arjefm-1157	253	18	the	the	DET
arjefm-1157	253	19	models	model	NOUN
arjefm-1157	253	20	use	use	VERB
arjefm-1157	253	21	in	in	ADP
arjefm-1157	253	22	the	the	DET
arjefm-1157	253	23	study	study	NOUN
arjefm-1157	253	24	in	in	ADP
arjefm-1157	253	25	the	the	DET
arjefm-1157	253	26	short	short	ADJ
arjefm-1157	253	27	run	run	NOUN
arjefm-1157	253	28	.	.	PUNCT
arjefm-1157	254	1	this	this	DET
arjefm-1157	254	2	result	result	NOUN
arjefm-1157	254	3	agrees	agree	VERB
arjefm-1157	254	4	with	with	ADP
arjefm-1157	254	5	the	the	DET
arjefm-1157	254	6	theoretical	theoretical	ADJ
arjefm-1157	254	7	underpinning	underpinning	NOUN
arjefm-1157	254	8	of	of	ADP
arjefm-1157	254	9	this	this	DET
arjefm-1157	254	10	study	study	NOUN
arjefm-1157	254	11	which	which	PRON
arjefm-1157	254	12	opines	opine	VERB
arjefm-1157	254	13	that	that	SCONJ
arjefm-1157	254	14	foreign	foreign	ADJ
arjefm-1157	254	15	portfolio	portfolio	NOUN
arjefm-1157	254	16	investment	investment	NOUN
arjefm-1157	254	17	is	be	AUX
arjefm-1157	254	18	a	a	DET
arjefm-1157	254	19	short	short	ADJ
arjefm-1157	254	20	run	run	NOUN
arjefm-1157	254	21	capital	capital	NOUN
arjefm-1157	254	22	rather	rather	ADV
arjefm-1157	254	23	than	than	ADP
arjefm-1157	254	24	a	a	DET
arjefm-1157	254	25	long	long	ADJ
arjefm-1157	254	26	-	-	PUNCT
arjefm-1157	254	27	term	term	NOUN
arjefm-1157	254	28	factor	factor	NOUN
arjefm-1157	254	29	.	.	PUNCT
arjefm-1157	255	1	the	the	DET
arjefm-1157	255	2	results	result	NOUN
arjefm-1157	255	3	further	far	ADV
arjefm-1157	255	4	show	show	VERB
arjefm-1157	255	5	that	that	SCONJ
arjefm-1157	255	6	,	,	PUNCT
arjefm-1157	255	7	the	the	DET
arjefm-1157	255	8	foreign	foreign	ADJ
arjefm-1157	255	9	direct	direct	ADJ
arjefm-1157	255	10	investment	investment	NOUN
arjefm-1157	255	11	with	with	ADP
arjefm-1157	255	12	the	the	DET
arjefm-1157	255	13	r2	r2	PROPN
arjefm-1157	255	14	value	value	NOUN
arjefm-1157	255	15	of	of	ADP
arjefm-1157	255	16	0.931	0.931	NUM
arjefm-1157	255	17	is	be	AUX
arjefm-1157	255	18	high	high	ADJ
arjefm-1157	255	19	and	and	CCONJ
arjefm-1157	255	20	this	this	PRON
arjefm-1157	255	21	reveals	reveal	VERB
arjefm-1157	255	22	that	that	SCONJ
arjefm-1157	255	23	the	the	DET
arjefm-1157	255	24	flow	flow	NOUN
arjefm-1157	255	25	of	of	ADP
arjefm-1157	255	26	capital	capital	NOUN
arjefm-1157	255	27	into	into	ADP
arjefm-1157	255	28	the	the	DET
arjefm-1157	255	29	nigerian	nigerian	ADJ
arjefm-1157	255	30	economy	economy	NOUN
arjefm-1157	255	31	is	be	AUX
arjefm-1157	255	32	explain	explain	VERB
arjefm-1157	255	33	by	by	ADP
arjefm-1157	255	34	variables	variable	NOUN
arjefm-1157	255	35	captured	capture	VERB
arjefm-1157	255	36	in	in	ADP
arjefm-1157	255	37	the	the	DET
arjefm-1157	255	38	models	model	NOUN
arjefm-1157	255	39	.	.	PUNCT
arjefm-1157	256	1	again	again	ADV
arjefm-1157	256	2	,	,	PUNCT
arjefm-1157	256	3	the	the	DET
arjefm-1157	256	4	f	f	PROPN
arjefm-1157	256	5	statistics	statistic	NOUN
arjefm-1157	256	6	value	value	NOUN
arjefm-1157	256	7	of	of	ADP
arjefm-1157	256	8	47.9	47.9	NUM
arjefm-1157	256	9	indicates	indicate	VERB
arjefm-1157	256	10	a	a	DET
arjefm-1157	256	11	strong	strong	ADJ
arjefm-1157	256	12	relationship	relationship	NOUN
arjefm-1157	256	13	existing	exist	VERB
arjefm-1157	256	14	between	between	ADP
arjefm-1157	256	15	foreign	foreign	ADJ
arjefm-1157	256	16	direct	direct	ADJ
arjefm-1157	256	17	investment	investment	NOUN
arjefm-1157	256	18	inflows	inflow	NOUN
arjefm-1157	256	19	and	and	CCONJ
arjefm-1157	256	20	all	all	DET
arjefm-1157	256	21	the	the	DET
arjefm-1157	256	22	determinant	determinant	ADJ
arjefm-1157	256	23	variables	variable	NOUN
arjefm-1157	256	24	put	put	VERB
arjefm-1157	256	25	together	together	ADV
arjefm-1157	256	26	in	in	ADP
arjefm-1157	256	27	the	the	DET
arjefm-1157	256	28	study	study	NOUN
arjefm-1157	256	29	.	.	PUNCT
arjefm-1157	257	1	despite	despite	SCONJ
arjefm-1157	257	2	the	the	DET
arjefm-1157	257	3	weak	weak	ADJ
arjefm-1157	257	4	performance	performance	NOUN
arjefm-1157	257	5	of	of	ADP
arjefm-1157	257	6	the	the	DET
arjefm-1157	257	7	foreign	foreign	ADJ
arjefm-1157	257	8	portfolio	portfolio	NOUN
arjefm-1157	257	9	investment	investment	NOUN
arjefm-1157	257	10	model	model	NOUN
arjefm-1157	257	11	,	,	PUNCT
arjefm-1157	257	12	it	it	PRON
arjefm-1157	257	13	is	be	AUX
arjefm-1157	257	14	equally	equally	ADV
arjefm-1157	257	15	still	still	ADV
arjefm-1157	257	16	seen	see	VERB
arjefm-1157	257	17	that	that	SCONJ
arjefm-1157	257	18	rgdp	rgdp	NOUN
arjefm-1157	257	19	,	,	PUNCT
arjefm-1157	257	20	fxr	fxr	NOUN
arjefm-1157	257	21	,	,	PUNCT
arjefm-1157	257	22	and	and	CCONJ
arjefm-1157	257	23	exdt	exdt	NOUN
arjefm-1157	257	24	are	be	AUX
arjefm-1157	257	25	significant	significant	ADJ
arjefm-1157	257	26	in	in	ADP
arjefm-1157	257	27	the	the	DET
arjefm-1157	257	28	result	result	NOUN
arjefm-1157	257	29	,	,	PUNCT
arjefm-1157	257	30	and	and	CCONJ
arjefm-1157	257	31	this	this	PRON
arjefm-1157	257	32	means	mean	VERB
arjefm-1157	257	33	that	that	SCONJ
arjefm-1157	257	34	foreign	foreign	ADJ
arjefm-1157	257	35	reserves	reserve	NOUN
arjefm-1157	257	36	and	and	CCONJ
arjefm-1157	257	37	external	external	ADJ
arjefm-1157	257	38	debt	debt	NOUN
arjefm-1157	257	39	have	have	VERB
arjefm-1157	257	40	a	a	DET
arjefm-1157	257	41	continuous	continuous	ADJ
arjefm-1157	257	42	impact	impact	NOUN
arjefm-1157	257	43	on	on	ADP
arjefm-1157	257	44	foreign	foreign	ADJ
arjefm-1157	257	45	portfolio	portfolio	NOUN
arjefm-1157	257	46	investment	investment	NOUN
arjefm-1157	257	47	flows	flow	VERB
arjefm-1157	257	48	on	on	ADP
arjefm-1157	257	49	nigerian	nigerian	ADJ
arjefm-1157	257	50	economy	economy	NOUN
arjefm-1157	257	51	.	.	PUNCT
arjefm-1157	258	1	the	the	DET
arjefm-1157	258	2	result	result	NOUN
arjefm-1157	258	3	further	far	ADV
arjefm-1157	258	4	shows	show	VERB
arjefm-1157	258	5	that	that	SCONJ
arjefm-1157	258	6	,	,	PUNCT
arjefm-1157	258	7	in	in	ADP
arjefm-1157	258	8	the	the	DET
arjefm-1157	258	9	long	long	ADJ
arjefm-1157	258	10	run	run	NOUN
arjefm-1157	258	11	,	,	PUNCT
arjefm-1157	258	12	the	the	DET
arjefm-1157	258	13	growth	growth	NOUN
arjefm-1157	258	14	of	of	ADP
arjefm-1157	258	15	the	the	DET
arjefm-1157	258	16	economy	economy	NOUN
arjefm-1157	258	17	becomes	become	VERB
arjefm-1157	258	18	a	a	DET
arjefm-1157	258	19	robust	robust	ADJ
arjefm-1157	258	20	influence	influence	NOUN
arjefm-1157	258	21	for	for	ADP
arjefm-1157	258	22	portfolio	portfolio	NOUN
arjefm-1157	258	23	investment	investment	NOUN
arjefm-1157	258	24	to	to	PART
arjefm-1157	258	25	consider	consider	VERB
arjefm-1157	258	26	in	in	ADP
arjefm-1157	258	27	its	its	PRON
arjefm-1157	258	28	flows	flow	NOUN
arjefm-1157	258	29	in	in	ADP
arjefm-1157	258	30	the	the	DET
arjefm-1157	258	31	study	study	NOUN
arjefm-1157	258	32	.	.	PUNCT
arjefm-1157	259	1	considering	consider	VERB
arjefm-1157	259	2	the	the	DET
arjefm-1157	259	3	foreign	foreign	ADJ
arjefm-1157	259	4	direct	direct	ADJ
arjefm-1157	259	5	investment	investment	NOUN
arjefm-1157	259	6	result	result	NOUN
arjefm-1157	259	7	,	,	PUNCT
arjefm-1157	259	8	it	it	PRON
arjefm-1157	259	9	shows	show	VERB
arjefm-1157	259	10	that	that	SCONJ
arjefm-1157	259	11	inflation	inflation	NOUN
arjefm-1157	259	12	,	,	PUNCT
arjefm-1157	259	13	external	external	ADJ
arjefm-1157	259	14	debts	debt	NOUN
arjefm-1157	259	15	and	and	CCONJ
arjefm-1157	259	16	real	real	ADJ
arjefm-1157	259	17	gross	gross	ADJ
arjefm-1157	259	18	domestic	domestic	ADJ
arjefm-1157	259	19	product	product	NOUN
arjefm-1157	259	20	are	be	AUX
arjefm-1157	259	21	the	the	DET
arjefm-1157	259	22	significant	significant	ADJ
arjefm-1157	259	23	variables	variable	NOUN
arjefm-1157	259	24	in	in	ADP
arjefm-1157	259	25	the	the	DET
arjefm-1157	259	26	study	study	NOUN
arjefm-1157	259	27	.	.	PUNCT
arjefm-1157	260	1	this	this	PRON
arjefm-1157	260	2	means	mean	VERB
arjefm-1157	260	3	that	that	SCONJ
arjefm-1157	260	4	,	,	PUNCT
arjefm-1157	260	5	domestic	domestic	ADJ
arjefm-1157	260	6	influences	influence	NOUN
arjefm-1157	260	7	are	be	AUX
arjefm-1157	260	8	very	very	ADV
arjefm-1157	260	9	vital	vital	ADJ
arjefm-1157	260	10	in	in	ADP
arjefm-1157	260	11	the	the	DET
arjefm-1157	260	12	determination	determination	NOUN
arjefm-1157	260	13	of	of	ADP
arjefm-1157	260	14	foreign	foreign	ADJ
arjefm-1157	260	15	direct	direct	ADJ
arjefm-1157	260	16	investment	investment	NOUN
arjefm-1157	260	17	on	on	ADP
arjefm-1157	260	18	nigerian	nigerian	ADJ
arjefm-1157	260	19	economy	economy	NOUN
arjefm-1157	260	20	in	in	ADP
arjefm-1157	260	21	the	the	DET
arjefm-1157	260	22	long	long	ADJ
arjefm-1157	260	23	run	run	NOUN
arjefm-1157	260	24	.	.	PUNCT
arjefm-1157	261	1	this	this	PRON
arjefm-1157	261	2	means	mean	VERB
arjefm-1157	261	3	,	,	PUNCT
arjefm-1157	261	4	inflation	inflation	NOUN
arjefm-1157	261	5	and	and	CCONJ
arjefm-1157	261	6	level	level	NOUN
arjefm-1157	261	7	of	of	ADP
arjefm-1157	261	8	economic	economic	ADJ
arjefm-1157	261	9	performance	performance	NOUN
arjefm-1157	261	10	exercise	exercise	VERB
arjefm-1157	261	11	strong	strong	ADJ
arjefm-1157	261	12	influences	influence	NOUN
arjefm-1157	261	13	on	on	ADP
arjefm-1157	261	14	the	the	DET
arjefm-1157	261	15	performance	performance	NOUN
arjefm-1157	261	16	of	of	ADP
arjefm-1157	261	17	foreign	foreign	ADJ
arjefm-1157	261	18	direct	direct	ADJ
arjefm-1157	261	19	investment	investment	NOUN
arjefm-1157	261	20	inflows	inflow	NOUN
arjefm-1157	261	21	in	in	ADP
arjefm-1157	261	22	the	the	DET
arjefm-1157	261	23	long	long	ADJ
arjefm-1157	261	24	run	run	NOUN
arjefm-1157	261	25	in	in	ADP
arjefm-1157	261	26	the	the	DET
arjefm-1157	261	27	country	country	NOUN
arjefm-1157	261	28	.	.	PUNCT
arjefm-1157	262	1	consequently	consequently	ADV
arjefm-1157	262	2	,	,	PUNCT
arjefm-1157	262	3	for	for	SCONJ
arjefm-1157	262	4	nigeria	nigeria	PRON
arjefm-1157	262	5	to	to	PART
arjefm-1157	262	6	enhance	enhance	VERB
arjefm-1157	262	7	workable	workable	ADJ
arjefm-1157	262	8	and	and	CCONJ
arjefm-1157	262	9	continuous	continuous	ADJ
arjefm-1157	262	10	inflow	inflow	NOUN
arjefm-1157	262	11	of	of	ADP
arjefm-1157	262	12	foreign	foreign	ADJ
arjefm-1157	262	13	direct	direct	ADJ
arjefm-1157	262	14	investment	investment	NOUN
arjefm-1157	262	15	,	,	PUNCT
arjefm-1157	262	16	emphasis	emphasis	NOUN
arjefm-1157	262	17	must	must	AUX
arjefm-1157	262	18	be	be	AUX
arjefm-1157	262	19	on	on	ADP
arjefm-1157	262	20	the	the	DET
arjefm-1157	262	21	economic	economic	ADJ
arjefm-1157	262	22	environments	environment	NOUN
arjefm-1157	262	23	of	of	ADP
arjefm-1157	262	24	nigeria	nigeria	PROPN
arjefm-1157	262	25	.	.	PUNCT
arjefm-1157	263	1	4.4	4.4	NUM
arjefm-1157	263	2	dynamic	dynamic	ADJ
arjefm-1157	263	3	analysis	analysis	NOUN
arjefm-1157	263	4	table	table	NOUN
arjefm-1157	263	5	4.4	4.4	NUM
arjefm-1157	263	6	:	:	PUNCT
arjefm-1157	263	7	short	short	ADJ
arjefm-1157	263	8	run	run	NOUN
arjefm-1157	263	9	model	model	NOUN
arjefm-1157	263	10	for	for	ADP
arjefm-1157	263	11	determinants	determinant	NOUN
arjefm-1157	263	12	international	international	ADJ
arjefm-1157	263	13	capital	capital	NOUN
arjefm-1157	263	14	market	market	NOUN
arjefm-1157	263	15	variables	variable	VERB
arjefm-1157	263	16	fpi	fpi	PROPN
arjefm-1157	263	17	fdi	fdi	PROPN
arjefm-1157	263	18	c	c	X
arjefm-1157	264	1	-51.16	-51.16	PROPN
arjefm-1157	264	2	111.2	111.2	NUM
arjefm-1157	264	3	fdi(-1	fdi(-1	PROPN
arjefm-1157	264	4	)	)	PUNCT
arjefm-1157	264	5	0.282	0.282	NUM
arjefm-1157	264	6	*	*	NOUN
arjefm-1157	264	7	δfxr	δfxr	NOUN
arjefm-1157	264	8	-0.138	-0.138	PROPN
arjefm-1157	264	9	*	*	PUNCT
arjefm-1157	264	10	*	*	PUNCT
arjefm-1157	264	11	*	*	PUNCT
arjefm-1157	265	1	-0.075	-0.075	ADJ
arjefm-1157	265	2	*	*	PUNCT
arjefm-1157	265	3	*	*	PUNCT
arjefm-1157	265	4	δinfl	δinfl	NOUN
arjefm-1157	265	5	4.497	4.497	NUM
arjefm-1157	265	6	6.703	6.703	NUM
arjefm-1157	265	7	american	american	ADJ
arjefm-1157	265	8	research	research	PROPN
arjefm-1157	265	9	journal	journal	PROPN
arjefm-1157	265	10	of	of	ADP
arjefm-1157	265	11	economics	economic	NOUN
arjefm-1157	265	12	,	,	PUNCT
arjefm-1157	265	13	finance	finance	NOUN
arjefm-1157	265	14	and	and	CCONJ
arjefm-1157	265	15	management	management	NOUN
arjefm-1157	265	16	volume	volume	NOUN
arjefm-1157	265	17	13	13	NUM
arjefm-1157	265	18	issue	issue	NOUN
arjefm-1157	265	19	1	1	NUM
arjefm-1157	265	20	,	,	PUNCT
arjefm-1157	265	21	january	january	PROPN
arjefm-1157	265	22	-	-	PUNCT
arjefm-1157	265	23	march	march	PROPN
arjefm-1157	265	24	2025	2025	NUM
arjefm-1157	265	25	issn	issn	NOUN
arjefm-1157	265	26	:	:	PUNCT
arjefm-1157	265	27	2836	2836	NUM
arjefm-1157	265	28	-	-	SYM
arjefm-1157	265	29	9416	9416	NUM
arjefm-1157	265	30	impact	impact	NOUN
arjefm-1157	265	31	factor	factor	NOUN
arjefm-1157	265	32	:	:	PUNCT
arjefm-1157	265	33	6.41	6.41	NUM
arjefm-1157	265	34	journal	journal	NOUN
arjefm-1157	265	35	homepage	homepage	NOUN
arjefm-1157	265	36	:	:	PUNCT
arjefm-1157	265	37	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	265	38	,	,	PUNCT
arjefm-1157	265	39	email	email	NOUN
arjefm-1157	265	40	:	:	PUNCT
arjefm-1157	266	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	266	2	official	official	ADJ
arjefm-1157	266	3	journal	journal	PROPN
arjefm-1157	266	4	of	of	ADP
arjefm-1157	266	5	america	america	PROPN
arjefm-1157	266	6	serial	serial	PROPN
arjefm-1157	266	7	publication	publication	NOUN
arjefm-1157	266	8	american	american	PROPN
arjefm-1157	266	9	research	research	PROPN
arjefm-1157	266	10	journal	journal	PROPN
arjefm-1157	266	11	of	of	ADP
arjefm-1157	266	12	economics	economic	NOUN
arjefm-1157	266	13	,	,	PUNCT
arjefm-1157	266	14	finance	finance	NOUN
arjefm-1157	266	15	and	and	CCONJ
arjefm-1157	266	16	management	management	NOUN
arjefm-1157	266	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	266	18	,	,	PUNCT
arjefm-1157	266	19	email	email	NOUN
arjefm-1157	266	20	:	:	PUNCT
arjefm-1157	266	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	267	1	78	78	NUM
arjefm-1157	268	1	|	|	ADV
arjefm-1157	268	2	p	p	X
arjefm-1157	268	3	a	a	DET
arjefm-1157	268	4	g	g	NOUN
arjefm-1157	268	5	e	e	NOUN
arjefm-1157	268	6	δhc	δhc	NOUN
arjefm-1157	268	7	-94.31	-94.31	PROPN
arjefm-1157	268	8	174.6	174.6	NUM
arjefm-1157	268	9	*	*	SYM
arjefm-1157	268	10	*	*	PUNCT
arjefm-1157	268	11	δexdt	δexdt	NOUN
arjefm-1157	268	12	-0.111	-0.111	X
arjefm-1157	268	13	*	*	PUNCT
arjefm-1157	268	14	*	*	PROPN
arjefm-1157	268	15	-0.022	-0.022	PROPN
arjefm-1157	268	16	δrgdp	δrgdp	NOUN
arjefm-1157	268	17	0.051	0.051	NUM
arjefm-1157	268	18	0.026	0.026	NUM
arjefm-1157	268	19	δlib	δlib	NOUN
arjefm-1157	268	20	117.7	117.7	NUM
arjefm-1157	268	21	116.6	116.6	NUM
arjefm-1157	268	22	*	*	PUNCT
arjefm-1157	268	23	δopn	δopn	ADJ
arjefm-1157	268	24	298.9	298.9	NUM
arjefm-1157	268	25	-204.0	-204.0	PROPN
arjefm-1157	268	26	ecmt-1	ecmt-1	NUM
arjefm-1157	268	27	-1.198	-1.198	PROPN
arjefm-1157	268	28	*	*	PUNCT
arjefm-1157	268	29	*	*	PUNCT
arjefm-1157	268	30	*	*	PUNCT
arjefm-1157	268	31	-1.869	-1.869	PUNCT
arjefm-1157	268	32	*	*	PUNCT
arjefm-1157	268	33	*	*	PUNCT
arjefm-1157	268	34	*	*	PUNCT
arjefm-1157	268	35	r2	r2	NOUN
arjefm-1157	268	36	=	=	NOUN
arjefm-1157	268	37	0.756	0.756	NUM
arjefm-1157	268	38	f	f	X
arjefm-1157	268	39	=	=	SYM
arjefm-1157	268	40	6.58	6.58	NUM
arjefm-1157	268	41	r2	r2	NOUN
arjefm-1157	268	42	=	=	PUNCT
arjefm-1157	268	43	0.827	0.827	NUM
arjefm-1157	268	44	f	f	X
arjefm-1157	268	45	=	=	SYM
arjefm-1157	268	46	31.14	31.14	NUM
arjefm-1157	268	47	source	source	NOUN
arjefm-1157	268	48	:	:	PUNCT
arjefm-1157	268	49	result	result	NOUN
arjefm-1157	268	50	extracted	extract	VERB
arjefm-1157	268	51	by	by	ADP
arjefm-1157	268	52	authors	author	NOUN
arjefm-1157	268	53	from	from	ADP
arjefm-1157	268	54	the	the	DET
arjefm-1157	268	55	e	e	NOUN
arjefm-1157	268	56	-	-	NOUN
arjefm-1157	268	57	views	view	NOUN
arjefm-1157	268	58	9	9	NUM
arjefm-1157	268	59	*	*	VERB
arjefm-1157	268	60	indicates	indicate	VERB
arjefm-1157	268	61	significance	significance	NOUN
arjefm-1157	268	62	at	at	ADP
arjefm-1157	268	63	10	10	NUM
arjefm-1157	268	64	percent	percent	NOUN
arjefm-1157	268	65	level	level	NOUN
arjefm-1157	268	66	;	;	PUNCT
arjefm-1157	269	1	*	*	PUNCT
arjefm-1157	269	2	*	*	PUNCT
arjefm-1157	269	3	indicates	indicate	VERB
arjefm-1157	269	4	significance	significance	NOUN
arjefm-1157	269	5	at	at	ADP
arjefm-1157	269	6	5	5	NUM
arjefm-1157	269	7	percent	percent	NOUN
arjefm-1157	269	8	level	level	NOUN
arjefm-1157	269	9	;	;	PUNCT
arjefm-1157	269	10	*	*	PUNCT
arjefm-1157	269	11	*	*	PUNCT
arjefm-1157	269	12	*	*	PUNCT
arjefm-1157	269	13	indicates	indicate	VERB
arjefm-1157	269	14	significance	significance	NOUN
arjefm-1157	269	15	at	at	ADP
arjefm-1157	269	16	1	1	NUM
arjefm-1157	269	17	percent	percent	NOUN
arjefm-1157	269	18	level	level	NOUN
arjefm-1157	269	19	.	.	PUNCT
arjefm-1157	270	1	the	the	DET
arjefm-1157	270	2	values	value	NOUN
arjefm-1157	270	3	from	from	ADP
arjefm-1157	270	4	table	table	NOUN
arjefm-1157	270	5	4.4	4.4	NUM
arjefm-1157	270	6	discusses	discuss	VERB
arjefm-1157	270	7	the	the	DET
arjefm-1157	270	8	short	short	ADJ
arjefm-1157	270	9	term	term	NOUN
arjefm-1157	270	10	changes	change	NOUN
arjefm-1157	270	11	in	in	ADP
arjefm-1157	270	12	the	the	DET
arjefm-1157	270	13	determinants	determinant	NOUN
arjefm-1157	270	14	of	of	ADP
arjefm-1157	270	15	flow	flow	NOUN
arjefm-1157	270	16	of	of	ADP
arjefm-1157	270	17	capital	capital	NOUN
arjefm-1157	270	18	in	in	ADP
arjefm-1157	270	19	nigeria	nigeria	PROPN
arjefm-1157	270	20	.	.	PUNCT
arjefm-1157	271	1	this	this	DET
arjefm-1157	271	2	study	study	NOUN
arjefm-1157	271	3	uses	use	VERB
arjefm-1157	271	4	an	an	DET
arjefm-1157	271	5	autoregressive	autoregressive	ADJ
arjefm-1157	271	6	distributed	distribute	VERB
arjefm-1157	271	7	lags	lag	NOUN
arjefm-1157	271	8	(	(	PUNCT
arjefm-1157	271	9	ardl	ardl	NOUN
arjefm-1157	271	10	)	)	PUNCT
arjefm-1157	271	11	method	method	NOUN
arjefm-1157	271	12	and	and	CCONJ
arjefm-1157	271	13	focusses	focusse	NOUN
arjefm-1157	271	14	on	on	ADP
arjefm-1157	271	15	the	the	DET
arjefm-1157	271	16	ecm	ecm	NOUN
arjefm-1157	271	17	.	.	PUNCT
arjefm-1157	272	1	the	the	DET
arjefm-1157	272	2	use	use	NOUN
arjefm-1157	272	3	of	of	ADP
arjefm-1157	272	4	error	error	NOUN
arjefm-1157	272	5	correction	correction	NOUN
arjefm-1157	272	6	mechanism	mechanism	NOUN
arjefm-1157	272	7	for	for	ADP
arjefm-1157	272	8	the	the	DET
arjefm-1157	272	9	selected	select	VERB
arjefm-1157	272	10	ardl	ardl	NOUN
arjefm-1157	272	11	model	model	NOUN
arjefm-1157	272	12	is	be	AUX
arjefm-1157	272	13	as	as	SCONJ
arjefm-1157	272	14	seen	see	VERB
arjefm-1157	272	15	in	in	ADP
arjefm-1157	272	16	table	table	NOUN
arjefm-1157	272	17	4.4	4.4	NUM
arjefm-1157	272	18	above	above	ADV
arjefm-1157	272	19	.	.	PUNCT
arjefm-1157	273	1	this	this	DET
arjefm-1157	273	2	study	study	NOUN
arjefm-1157	273	3	use	use	VERB
arjefm-1157	273	4	the	the	DET
arjefm-1157	273	5	r2	r2	PROPN
arjefm-1157	273	6	criterion	criterion	NOUN
arjefm-1157	273	7	to	to	PART
arjefm-1157	273	8	select	select	VERB
arjefm-1157	273	9	the	the	DET
arjefm-1157	273	10	parsimonious	parsimonious	ADJ
arjefm-1157	273	11	equation	equation	NOUN
arjefm-1157	273	12	as	as	SCONJ
arjefm-1157	273	13	seen	see	VERB
arjefm-1157	273	14	in	in	ADP
arjefm-1157	273	15	the	the	DET
arjefm-1157	273	16	study	study	NOUN
arjefm-1157	273	17	.	.	PUNCT
arjefm-1157	274	1	the	the	DET
arjefm-1157	274	2	study	study	NOUN
arjefm-1157	274	3	shows	show	VERB
arjefm-1157	274	4	the	the	DET
arjefm-1157	274	5	fpi	fpi	PROPN
arjefm-1157	274	6	results	result	NOUN
arjefm-1157	274	7	of	of	ADP
arjefm-1157	274	8	the	the	DET
arjefm-1157	274	9	error	error	NOUN
arjefm-1157	274	10	correction	correction	NOUN
arjefm-1157	274	11	mechanism	mechanism	NOUN
arjefm-1157	274	12	on	on	ADP
arjefm-1157	274	13	the	the	DET
arjefm-1157	274	14	second	second	ADJ
arjefm-1157	274	15	column	column	NOUN
arjefm-1157	274	16	of	of	ADP
arjefm-1157	274	17	table	table	NOUN
arjefm-1157	274	18	4.4	4.4	NUM
arjefm-1157	274	19	above	above	ADV
arjefm-1157	274	20	and	and	CCONJ
arjefm-1157	274	21	this	this	PRON
arjefm-1157	274	22	shows	show	VERB
arjefm-1157	274	23	the	the	DET
arjefm-1157	274	24	presence	presence	NOUN
arjefm-1157	274	25	of	of	ADP
arjefm-1157	274	26	very	very	ADV
arjefm-1157	274	27	high	high	ADJ
arjefm-1157	274	28	diagnostic	diagnostic	ADJ
arjefm-1157	274	29	statistics	statistic	NOUN
arjefm-1157	274	30	in	in	ADP
arjefm-1157	274	31	the	the	DET
arjefm-1157	274	32	model	model	NOUN
arjefm-1157	274	33	.	.	PUNCT
arjefm-1157	275	1	the	the	DET
arjefm-1157	275	2	r2	r2	PROPN
arjefm-1157	275	3	value	value	NOUN
arjefm-1157	275	4	of	of	ADP
arjefm-1157	275	5	0.756	0.756	NUM
arjefm-1157	275	6	shows	show	VERB
arjefm-1157	275	7	the	the	DET
arjefm-1157	275	8	goodness	goodness	NOUN
arjefm-1157	275	9	of	of	ADP
arjefm-1157	275	10	fit	fit	NOUN
arjefm-1157	275	11	of	of	ADP
arjefm-1157	275	12	the	the	DET
arjefm-1157	275	13	model	model	NOUN
arjefm-1157	275	14	and	and	CCONJ
arjefm-1157	275	15	this	this	PRON
arjefm-1157	275	16	means	mean	VERB
arjefm-1157	275	17	that	that	SCONJ
arjefm-1157	275	18	over	over	ADP
arjefm-1157	275	19	75	75	NUM
arjefm-1157	275	20	percent	percent	NOUN
arjefm-1157	275	21	of	of	ADP
arjefm-1157	275	22	the	the	DET
arjefm-1157	275	23	systematic	systematic	ADJ
arjefm-1157	275	24	changes	change	NOUN
arjefm-1157	275	25	in	in	ADP
arjefm-1157	275	26	fpi	fpi	PROPN
arjefm-1157	275	27	inflows	inflow	NOUN
arjefm-1157	275	28	in	in	ADP
arjefm-1157	275	29	nigeria	nigeria	PROPN
arjefm-1157	275	30	is	be	AUX
arjefm-1157	275	31	explained	explain	VERB
arjefm-1157	275	32	by	by	ADP
arjefm-1157	275	33	the	the	DET
arjefm-1157	275	34	variable	variable	NOUN
arjefm-1157	275	35	’s	’s	PART
arjefm-1157	275	36	presence	presence	NOUN
arjefm-1157	275	37	in	in	ADP
arjefm-1157	275	38	the	the	DET
arjefm-1157	275	39	explanatory	explanatory	ADJ
arjefm-1157	275	40	variables	variable	NOUN
arjefm-1157	275	41	and	and	CCONJ
arjefm-1157	275	42	the	the	DET
arjefm-1157	275	43	ecm	ecm	NOUN
arjefm-1157	275	44	.	.	PUNCT
arjefm-1157	276	1	looking	look	VERB
arjefm-1157	276	2	at	at	ADP
arjefm-1157	276	3	the	the	DET
arjefm-1157	276	4	r2	r2	PROPN
arjefm-1157	276	5	value	value	NOUN
arjefm-1157	276	6	for	for	ADP
arjefm-1157	276	7	the	the	DET
arjefm-1157	276	8	foreign	foreign	ADJ
arjefm-1157	276	9	direct	direct	ADJ
arjefm-1157	276	10	investment	investment	NOUN
arjefm-1157	276	11	in	in	ADP
arjefm-1157	276	12	the	the	DET
arjefm-1157	276	13	model	model	NOUN
arjefm-1157	276	14	,	,	PUNCT
arjefm-1157	276	15	it	it	PRON
arjefm-1157	276	16	is	be	AUX
arjefm-1157	276	17	also	also	ADV
arjefm-1157	276	18	notice	notice	VERB
arjefm-1157	276	19	that	that	SCONJ
arjefm-1157	276	20	the	the	DET
arjefm-1157	276	21	r2	r2	NOUN
arjefm-1157	276	22	of	of	ADP
arjefm-1157	276	23	0.827	0.827	NUM
arjefm-1157	276	24	is	be	AUX
arjefm-1157	276	25	high	high	ADJ
arjefm-1157	276	26	and	and	CCONJ
arjefm-1157	276	27	this	this	PRON
arjefm-1157	276	28	means	mean	VERB
arjefm-1157	276	29	that	that	SCONJ
arjefm-1157	276	30	82	82	NUM
arjefm-1157	276	31	percent	percent	NOUN
arjefm-1157	276	32	of	of	ADP
arjefm-1157	276	33	the	the	DET
arjefm-1157	276	34	systematic	systematic	ADJ
arjefm-1157	276	35	changes	change	NOUN
arjefm-1157	276	36	in	in	ADP
arjefm-1157	276	37	fdi	fdi	NOUN
arjefm-1157	276	38	flows	flow	NOUN
arjefm-1157	276	39	in	in	ADP
arjefm-1157	276	40	nigeria	nigeria	PROPN
arjefm-1157	276	41	is	be	AUX
arjefm-1157	276	42	explained	explain	VERB
arjefm-1157	276	43	by	by	ADP
arjefm-1157	276	44	the	the	DET
arjefm-1157	276	45	variables	variable	NOUN
arjefm-1157	276	46	in	in	ADP
arjefm-1157	276	47	the	the	DET
arjefm-1157	276	48	model	model	NOUN
arjefm-1157	276	49	.	.	PUNCT
arjefm-1157	277	1	the	the	DET
arjefm-1157	277	2	overall	overall	ADJ
arjefm-1157	277	3	performance	performance	NOUN
arjefm-1157	277	4	of	of	ADP
arjefm-1157	277	5	the	the	DET
arjefm-1157	277	6	models	model	NOUN
arjefm-1157	277	7	is	be	AUX
arjefm-1157	277	8	also	also	ADV
arjefm-1157	277	9	high	high	ADJ
arjefm-1157	277	10	.	.	PUNCT
arjefm-1157	278	1	the	the	DET
arjefm-1157	278	2	table	table	NOUN
arjefm-1157	278	3	further	far	ADV
arjefm-1157	278	4	shows	show	VERB
arjefm-1157	278	5	that	that	SCONJ
arjefm-1157	278	6	the	the	DET
arjefm-1157	278	7	f	f	X
arjefm-1157	278	8	-	-	PUNCT
arjefm-1157	278	9	statistic	statistic	ADJ
arjefm-1157	278	10	values	value	NOUN
arjefm-1157	278	11	of	of	ADP
arjefm-1157	278	12	6.35	6.35	NUM
arjefm-1157	278	13	for	for	ADP
arjefm-1157	278	14	the	the	DET
arjefm-1157	278	15	fpi	fpi	PROPN
arjefm-1157	278	16	model	model	NOUN
arjefm-1157	278	17	and	and	CCONJ
arjefm-1157	278	18	31.1	31.1	NUM
arjefm-1157	278	19	for	for	ADP
arjefm-1157	278	20	the	the	DET
arjefm-1157	278	21	fdi	fdi	NOUN
arjefm-1157	278	22	model	model	NOUN
arjefm-1157	278	23	have	have	AUX
arjefm-1157	278	24	passed	pass	VERB
arjefm-1157	278	25	1	1	NUM
arjefm-1157	278	26	%	%	NOUN
arjefm-1157	278	27	level	level	NOUN
arjefm-1157	278	28	of	of	ADP
arjefm-1157	278	29	significance	significance	NOUN
arjefm-1157	278	30	test	test	NOUN
arjefm-1157	278	31	.	.	PUNCT
arjefm-1157	279	1	this	this	PRON
arjefm-1157	279	2	is	be	AUX
arjefm-1157	279	3	because	because	SCONJ
arjefm-1157	279	4	the	the	DET
arjefm-1157	279	5	calculated	calculate	VERB
arjefm-1157	279	6	values	value	NOUN
arjefm-1157	279	7	of	of	ADP
arjefm-1157	279	8	the	the	DET
arjefm-1157	279	9	f	f	PROPN
arjefm-1157	279	10	statistics	statistic	NOUN
arjefm-1157	279	11	are	be	AUX
arjefm-1157	279	12	greater	great	ADJ
arjefm-1157	279	13	than	than	ADP
arjefm-1157	279	14	the	the	DET
arjefm-1157	279	15	1	1	NUM
arjefm-1157	279	16	%	%	NOUN
arjefm-1157	279	17	critical	critical	ADJ
arjefm-1157	279	18	f	f	NOUN
arjefm-1157	279	19	-	-	PUNCT
arjefm-1157	279	20	value	value	NOUN
arjefm-1157	279	21	of	of	ADP
arjefm-1157	279	22	5.01	5.01	NUM
arjefm-1157	279	23	in	in	ADP
arjefm-1157	279	24	this	this	DET
arjefm-1157	279	25	study	study	NOUN
arjefm-1157	279	26	.	.	PUNCT
arjefm-1157	280	1	arising	arise	VERB
arjefm-1157	280	2	from	from	ADP
arjefm-1157	280	3	the	the	DET
arjefm-1157	280	4	above	above	NOUN
arjefm-1157	280	5	,	,	PUNCT
arjefm-1157	280	6	we	we	PRON
arjefm-1157	280	7	can	can	AUX
arjefm-1157	280	8	not	not	PART
arjefm-1157	280	9	reject	reject	VERB
arjefm-1157	280	10	the	the	DET
arjefm-1157	280	11	hypothesis	hypothesis	NOUN
arjefm-1157	280	12	of	of	ADP
arjefm-1157	280	13	a	a	DET
arjefm-1157	280	14	significant	significant	ADJ
arjefm-1157	280	15	linear	linear	ADJ
arjefm-1157	280	16	relationship	relationship	NOUN
arjefm-1157	280	17	between	between	ADP
arjefm-1157	280	18	foreign	foreign	ADJ
arjefm-1157	280	19	capital	capital	NOUN
arjefm-1157	280	20	and	and	CCONJ
arjefm-1157	280	21	all	all	DET
arjefm-1157	280	22	the	the	DET
arjefm-1157	280	23	independent	independent	ADJ
arjefm-1157	280	24	variables	variable	NOUN
arjefm-1157	280	25	combined	combine	VERB
arjefm-1157	280	26	in	in	ADP
arjefm-1157	280	27	the	the	DET
arjefm-1157	280	28	short	short	ADJ
arjefm-1157	280	29	run	run	NOUN
arjefm-1157	280	30	in	in	ADP
arjefm-1157	280	31	nigeria	nigeria	PROPN
arjefm-1157	280	32	.	.	PUNCT
arjefm-1157	281	1	american	american	PROPN
arjefm-1157	281	2	research	research	PROPN
arjefm-1157	281	3	journal	journal	PROPN
arjefm-1157	281	4	of	of	ADP
arjefm-1157	281	5	economics	economic	NOUN
arjefm-1157	281	6	,	,	PUNCT
arjefm-1157	281	7	finance	finance	NOUN
arjefm-1157	281	8	and	and	CCONJ
arjefm-1157	281	9	management	management	NOUN
arjefm-1157	281	10	volume	volume	NOUN
arjefm-1157	281	11	13	13	NUM
arjefm-1157	281	12	issue	issue	NOUN
arjefm-1157	281	13	1	1	NUM
arjefm-1157	281	14	,	,	PUNCT
arjefm-1157	281	15	january	january	PROPN
arjefm-1157	281	16	-	-	PUNCT
arjefm-1157	281	17	march	march	PROPN
arjefm-1157	281	18	2025	2025	NUM
arjefm-1157	281	19	issn	issn	NOUN
arjefm-1157	281	20	:	:	PUNCT
arjefm-1157	281	21	2836	2836	NUM
arjefm-1157	281	22	-	-	SYM
arjefm-1157	281	23	9416	9416	NUM
arjefm-1157	281	24	impact	impact	NOUN
arjefm-1157	281	25	factor	factor	NOUN
arjefm-1157	281	26	:	:	PUNCT
arjefm-1157	281	27	6.41	6.41	NUM
arjefm-1157	281	28	journal	journal	NOUN
arjefm-1157	281	29	homepage	homepage	NOUN
arjefm-1157	281	30	:	:	PUNCT
arjefm-1157	281	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	281	32	,	,	PUNCT
arjefm-1157	281	33	email	email	NOUN
arjefm-1157	281	34	:	:	PUNCT
arjefm-1157	282	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	282	2	official	official	ADJ
arjefm-1157	282	3	journal	journal	PROPN
arjefm-1157	282	4	of	of	ADP
arjefm-1157	282	5	america	america	PROPN
arjefm-1157	282	6	serial	serial	PROPN
arjefm-1157	282	7	publication	publication	NOUN
arjefm-1157	282	8	american	american	PROPN
arjefm-1157	282	9	research	research	PROPN
arjefm-1157	282	10	journal	journal	PROPN
arjefm-1157	282	11	of	of	ADP
arjefm-1157	282	12	economics	economic	NOUN
arjefm-1157	282	13	,	,	PUNCT
arjefm-1157	282	14	finance	finance	NOUN
arjefm-1157	282	15	and	and	CCONJ
arjefm-1157	282	16	management	management	NOUN
arjefm-1157	282	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	282	18	,	,	PUNCT
arjefm-1157	282	19	email	email	NOUN
arjefm-1157	282	20	:	:	PUNCT
arjefm-1157	282	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	283	1	79	79	NUM
arjefm-1157	284	1	|	|	ADV
arjefm-1157	284	2	p	p	X
arjefm-1157	284	3	a	a	DET
arjefm-1157	284	4	g	g	NOUN
arjefm-1157	284	5	e	e	NOUN
arjefm-1157	284	6	considering	consider	VERB
arjefm-1157	284	7	the	the	DET
arjefm-1157	284	8	above	above	ADJ
arjefm-1157	284	9	results	result	NOUN
arjefm-1157	284	10	,	,	PUNCT
arjefm-1157	284	11	it	it	PRON
arjefm-1157	284	12	is	be	AUX
arjefm-1157	284	13	observed	observe	VERB
arjefm-1157	284	14	that	that	SCONJ
arjefm-1157	284	15	,	,	PUNCT
arjefm-1157	284	16	the	the	DET
arjefm-1157	284	17	contribution	contribution	NOUN
arjefm-1157	284	18	of	of	ADP
arjefm-1157	284	19	each	each	PRON
arjefm-1157	284	20	of	of	ADP
arjefm-1157	284	21	the	the	DET
arjefm-1157	284	22	variables	variable	NOUN
arjefm-1157	284	23	to	to	ADP
arjefm-1157	284	24	foreign	foreign	ADJ
arjefm-1157	284	25	capital	capital	NOUN
arjefm-1157	284	26	flow	flow	NOUN
arjefm-1157	284	27	in	in	ADP
arjefm-1157	284	28	nigeria	nigeria	PROPN
arjefm-1157	284	29	is	be	AUX
arjefm-1157	284	30	influenced	influence	VERB
arjefm-1157	284	31	the	the	DET
arjefm-1157	284	32	coefficients	coefficient	NOUN
arjefm-1157	284	33	of	of	ADP
arjefm-1157	284	34	the	the	DET
arjefm-1157	284	35	explanatory	explanatory	ADJ
arjefm-1157	284	36	variables	variable	NOUN
arjefm-1157	284	37	in	in	ADP
arjefm-1157	284	38	terms	term	NOUN
arjefm-1157	284	39	of	of	ADP
arjefm-1157	284	40	sign	sign	NOUN
arjefm-1157	284	41	and	and	CCONJ
arjefm-1157	284	42	significance	significance	NOUN
arjefm-1157	284	43	in	in	ADP
arjefm-1157	284	44	this	this	DET
arjefm-1157	284	45	study	study	NOUN
arjefm-1157	284	46	.	.	PUNCT
arjefm-1157	285	1	the	the	DET
arjefm-1157	285	2	results	result	NOUN
arjefm-1157	285	3	also	also	ADV
arjefm-1157	285	4	show	show	VERB
arjefm-1157	285	5	that	that	SCONJ
arjefm-1157	285	6	the	the	DET
arjefm-1157	285	7	coefficients	coefficient	NOUN
arjefm-1157	285	8	of	of	ADP
arjefm-1157	285	9	the	the	DET
arjefm-1157	285	10	variables	variable	NOUN
arjefm-1157	285	11	in	in	ADP
arjefm-1157	285	12	the	the	DET
arjefm-1157	285	13	fpi	fpi	PROPN
arjefm-1157	285	14	model	model	NOUN
arjefm-1157	285	15	that	that	PRON
arjefm-1157	285	16	is	be	AUX
arjefm-1157	285	17	the	the	DET
arjefm-1157	285	18	foreign	foreign	ADJ
arjefm-1157	285	19	reserves	reserve	NOUN
arjefm-1157	285	20	and	and	CCONJ
arjefm-1157	285	21	human	human	ADJ
arjefm-1157	285	22	capital	capital	NOUN
arjefm-1157	285	23	do	do	AUX
arjefm-1157	285	24	not	not	PART
arjefm-1157	285	25	agree	agree	VERB
arjefm-1157	285	26	with	with	ADP
arjefm-1157	285	27	the	the	DET
arjefm-1157	285	28	a	a	DET
arjefm-1157	285	29	priori	priori	ADJ
arjefm-1157	285	30	expectation	expectation	NOUN
arjefm-1157	285	31	.	.	PUNCT
arjefm-1157	286	1	the	the	DET
arjefm-1157	286	2	notice	notice	NOUN
arjefm-1157	286	3	of	of	ADP
arjefm-1157	286	4	high	high	ADJ
arjefm-1157	286	5	value	value	NOUN
arjefm-1157	286	6	foreign	foreign	ADJ
arjefm-1157	286	7	reserves	reserve	NOUN
arjefm-1157	286	8	variable	variable	NOUN
arjefm-1157	286	9	shows	show	VERB
arjefm-1157	286	10	that	that	SCONJ
arjefm-1157	286	11	reserves	reserve	NOUN
arjefm-1157	286	12	position	position	NOUN
arjefm-1157	286	13	of	of	ADP
arjefm-1157	286	14	the	the	DET
arjefm-1157	286	15	country	country	NOUN
arjefm-1157	286	16	has	have	VERB
arjefm-1157	286	17	a	a	DET
arjefm-1157	286	18	very	very	ADV
arjefm-1157	286	19	strong	strong	ADJ
arjefm-1157	286	20	negative	negative	ADJ
arjefm-1157	286	21	impact	impact	NOUN
arjefm-1157	286	22	on	on	ADP
arjefm-1157	286	23	fpi	fpi	PROPN
arjefm-1157	286	24	flows	flow	NOUN
arjefm-1157	286	25	in	in	ADP
arjefm-1157	286	26	the	the	DET
arjefm-1157	286	27	country	country	NOUN
arjefm-1157	286	28	.	.	PUNCT
arjefm-1157	287	1	looking	look	VERB
arjefm-1157	287	2	also	also	ADV
arjefm-1157	287	3	at	at	ADP
arjefm-1157	287	4	the	the	DET
arjefm-1157	287	5	results	result	NOUN
arjefm-1157	287	6	of	of	ADP
arjefm-1157	287	7	this	this	DET
arjefm-1157	287	8	study	study	NOUN
arjefm-1157	287	9	,	,	PUNCT
arjefm-1157	287	10	it	it	PRON
arjefm-1157	287	11	is	be	AUX
arjefm-1157	287	12	seen	see	VERB
arjefm-1157	287	13	that	that	SCONJ
arjefm-1157	287	14	,	,	PUNCT
arjefm-1157	287	15	external	external	ADJ
arjefm-1157	287	16	debt	debt	NOUN
arjefm-1157	287	17	in	in	ADP
arjefm-1157	287	18	nigeria	nigeria	PROPN
arjefm-1157	287	19	limit	limit	VERB
arjefm-1157	287	20	the	the	DET
arjefm-1157	287	21	amount	amount	NOUN
arjefm-1157	287	22	of	of	ADP
arjefm-1157	287	23	fpi	fpi	PROPN
arjefm-1157	287	24	inflows	inflow	NOUN
arjefm-1157	287	25	to	to	PART
arjefm-1157	287	26	country	country	VERB
arjefm-1157	287	27	mostly	mostly	ADV
arjefm-1157	287	28	in	in	ADP
arjefm-1157	287	29	the	the	DET
arjefm-1157	287	30	short	short	ADJ
arjefm-1157	287	31	run	run	NOUN
arjefm-1157	287	32	.	.	PUNCT
arjefm-1157	288	1	hence	hence	ADV
arjefm-1157	288	2	the	the	DET
arjefm-1157	288	3	failure	failure	NOUN
arjefm-1157	288	4	of	of	ADP
arjefm-1157	288	5	all	all	DET
arjefm-1157	288	6	the	the	DET
arjefm-1157	288	7	other	other	ADJ
arjefm-1157	288	8	variables	variable	NOUN
arjefm-1157	288	9	at	at	ADP
arjefm-1157	288	10	the	the	DET
arjefm-1157	288	11	10	10	NUM
arjefm-1157	288	12	percent	percent	NOUN
arjefm-1157	288	13	level	level	NOUN
arjefm-1157	288	14	means	mean	VERB
arjefm-1157	288	15	that	that	SCONJ
arjefm-1157	288	16	external	external	ADJ
arjefm-1157	288	17	factors	factor	NOUN
arjefm-1157	288	18	have	have	AUX
arjefm-1157	288	19	affected	affect	VERB
arjefm-1157	288	20	fpi	fpi	PROPN
arjefm-1157	288	21	flows	flow	NOUN
arjefm-1157	288	22	in	in	ADP
arjefm-1157	288	23	nigeria	nigeria	PROPN
arjefm-1157	288	24	in	in	ADP
arjefm-1157	288	25	the	the	DET
arjefm-1157	288	26	short	short	ADJ
arjefm-1157	288	27	run	run	NOUN
arjefm-1157	288	28	than	than	ADP
arjefm-1157	288	29	domestic	domestic	ADJ
arjefm-1157	288	30	factors	factor	NOUN
arjefm-1157	288	31	.	.	PUNCT
arjefm-1157	289	1	the	the	DET
arjefm-1157	289	2	results	result	NOUN
arjefm-1157	289	3	further	far	ADV
arjefm-1157	289	4	show	show	VERB
arjefm-1157	289	5	that	that	SCONJ
arjefm-1157	289	6	the	the	DET
arjefm-1157	289	7	coefficient	coefficient	NOUN
arjefm-1157	289	8	of	of	ADP
arjefm-1157	289	9	foreign	foreign	ADJ
arjefm-1157	289	10	exchange	exchange	NOUN
arjefm-1157	289	11	does	do	AUX
arjefm-1157	289	12	not	not	PART
arjefm-1157	289	13	agree	agree	VERB
arjefm-1157	289	14	with	with	ADP
arjefm-1157	289	15	the	the	DET
arjefm-1157	289	16	a	a	DET
arjefm-1157	289	17	priori	priori	ADJ
arjefm-1157	289	18	expectation	expectation	NOUN
arjefm-1157	289	19	of	of	ADP
arjefm-1157	289	20	positive	positive	ADJ
arjefm-1157	289	21	sign	sign	NOUN
arjefm-1157	289	22	in	in	ADP
arjefm-1157	289	23	the	the	DET
arjefm-1157	289	24	fdi	fdi	NOUN
arjefm-1157	289	25	model	model	NOUN
arjefm-1157	289	26	.	.	PUNCT
arjefm-1157	290	1	this	this	PRON
arjefm-1157	290	2	means	mean	VERB
arjefm-1157	290	3	external	external	ADJ
arjefm-1157	290	4	reserves	reserve	NOUN
arjefm-1157	290	5	accumulation	accumulation	NOUN
arjefm-1157	290	6	in	in	ADP
arjefm-1157	290	7	nigeria	nigeria	PROPN
arjefm-1157	290	8	has	have	AUX
arjefm-1157	290	9	significantly	significantly	ADV
arjefm-1157	290	10	affected	affect	VERB
arjefm-1157	290	11	foreign	foreign	ADJ
arjefm-1157	290	12	capital	capital	NOUN
arjefm-1157	290	13	flow	flow	NOUN
arjefm-1157	290	14	in	in	ADP
arjefm-1157	290	15	the	the	DET
arjefm-1157	290	16	country	country	NOUN
arjefm-1157	290	17	.	.	PUNCT
arjefm-1157	291	1	the	the	DET
arjefm-1157	291	2	results	result	NOUN
arjefm-1157	291	3	also	also	ADV
arjefm-1157	291	4	reveal	reveal	VERB
arjefm-1157	291	5	a	a	DET
arjefm-1157	291	6	positive	positive	ADJ
arjefm-1157	291	7	significant	significant	ADJ
arjefm-1157	291	8	relationship	relationship	NOUN
arjefm-1157	291	9	between	between	ADP
arjefm-1157	291	10	human	human	ADJ
arjefm-1157	291	11	capital	capital	NOUN
arjefm-1157	291	12	(	(	PUNCT
arjefm-1157	291	13	hc	hc	NOUN
arjefm-1157	291	14	)	)	PUNCT
arjefm-1157	291	15	and	and	CCONJ
arjefm-1157	291	16	capital	capital	NOUN
arjefm-1157	291	17	flow	flow	NOUN
arjefm-1157	291	18	at	at	ADP
arjefm-1157	291	19	5	5	NUM
arjefm-1157	291	20	percent	percent	NOUN
arjefm-1157	291	21	level	level	NOUN
arjefm-1157	291	22	of	of	ADP
arjefm-1157	291	23	significant	significant	ADJ
arjefm-1157	291	24	in	in	ADP
arjefm-1157	291	25	nigeria	nigeria	PROPN
arjefm-1157	291	26	.	.	PUNCT
arjefm-1157	292	1	this	this	PRON
arjefm-1157	292	2	means	mean	VERB
arjefm-1157	292	3	that	that	SCONJ
arjefm-1157	292	4	strong	strong	ADJ
arjefm-1157	292	5	human	human	ADJ
arjefm-1157	292	6	capital	capital	NOUN
arjefm-1157	292	7	base	base	NOUN
arjefm-1157	292	8	is	be	AUX
arjefm-1157	292	9	a	a	DET
arjefm-1157	292	10	one	one	NUM
arjefm-1157	292	11	of	of	ADP
arjefm-1157	292	12	the	the	DET
arjefm-1157	292	13	main	main	ADJ
arjefm-1157	292	14	factors	factor	NOUN
arjefm-1157	292	15	influencing	influence	VERB
arjefm-1157	292	16	fdi	fdi	NOUN
arjefm-1157	292	17	flows	flow	NOUN
arjefm-1157	292	18	in	in	ADP
arjefm-1157	292	19	nigeria	nigeria	PROPN
arjefm-1157	292	20	.	.	PUNCT
arjefm-1157	293	1	again	again	ADV
arjefm-1157	293	2	,	,	PUNCT
arjefm-1157	293	3	it	it	PRON
arjefm-1157	293	4	is	be	AUX
arjefm-1157	293	5	obvious	obvious	ADJ
arjefm-1157	293	6	that	that	SCONJ
arjefm-1157	293	7	foreign	foreign	ADJ
arjefm-1157	293	8	direct	direct	ADJ
arjefm-1157	293	9	investment	investment	NOUN
arjefm-1157	293	10	according	accord	VERB
arjefm-1157	293	11	to	to	ADP
arjefm-1157	293	12	the	the	DET
arjefm-1157	293	13	result	result	NOUN
arjefm-1157	293	14	,	,	PUNCT
arjefm-1157	293	15	appears	appear	VERB
arjefm-1157	293	16	to	to	PART
arjefm-1157	293	17	be	be	AUX
arjefm-1157	293	18	vital	vital	ADJ
arjefm-1157	293	19	in	in	ADP
arjefm-1157	293	20	the	the	DET
arjefm-1157	293	21	growth	growth	NOUN
arjefm-1157	293	22	of	of	ADP
arjefm-1157	293	23	an	an	DET
arjefm-1157	293	24	economy	economy	NOUN
arjefm-1157	293	25	and	and	CCONJ
arjefm-1157	293	26	thus	thus	ADV
arjefm-1157	293	27	human	human	ADJ
arjefm-1157	293	28	capital	capital	NOUN
arjefm-1157	293	29	development	development	NOUN
arjefm-1157	293	30	is	be	AUX
arjefm-1157	293	31	the	the	DET
arjefm-1157	293	32	panacea	panacea	NOUN
arjefm-1157	293	33	for	for	ADP
arjefm-1157	293	34	this	this	DET
arjefm-1157	293	35	flow	flow	NOUN
arjefm-1157	293	36	in	in	ADP
arjefm-1157	293	37	the	the	DET
arjefm-1157	293	38	country	country	NOUN
arjefm-1157	293	39	.	.	PUNCT
arjefm-1157	294	1	the	the	DET
arjefm-1157	294	2	result	result	NOUN
arjefm-1157	294	3	also	also	ADV
arjefm-1157	294	4	reveals	reveal	VERB
arjefm-1157	294	5	that	that	SCONJ
arjefm-1157	294	6	interest	interest	NOUN
arjefm-1157	294	7	rate	rate	NOUN
arjefm-1157	294	8	has	have	AUX
arjefm-1157	294	9	positively	positively	ADV
arjefm-1157	294	10	influenced	influence	VERB
arjefm-1157	294	11	fdi	fdi	NOUN
arjefm-1157	294	12	flows	flow	NOUN
arjefm-1157	294	13	in	in	ADP
arjefm-1157	294	14	the	the	DET
arjefm-1157	294	15	country	country	NOUN
arjefm-1157	294	16	and	and	CCONJ
arjefm-1157	294	17	this	this	PRON
arjefm-1157	294	18	means	mean	VERB
arjefm-1157	294	19	that	that	SCONJ
arjefm-1157	294	20	changes	change	NOUN
arjefm-1157	294	21	in	in	ADP
arjefm-1157	294	22	the	the	DET
arjefm-1157	294	23	rate	rate	NOUN
arjefm-1157	294	24	of	of	ADP
arjefm-1157	294	25	interest	interest	NOUN
arjefm-1157	294	26	has	have	VERB
arjefm-1157	294	27	an	an	DET
arjefm-1157	294	28	effect	effect	NOUN
arjefm-1157	294	29	on	on	ADP
arjefm-1157	294	30	the	the	DET
arjefm-1157	294	31	inflow	inflow	NOUN
arjefm-1157	294	32	of	of	ADP
arjefm-1157	294	33	fdi	fdi	NOUN
arjefm-1157	294	34	in	in	ADP
arjefm-1157	294	35	nigerian	nigerian	ADJ
arjefm-1157	294	36	economy	economy	NOUN
arjefm-1157	294	37	.	.	PUNCT
arjefm-1157	295	1	looking	look	VERB
arjefm-1157	295	2	at	at	ADP
arjefm-1157	295	3	the	the	DET
arjefm-1157	295	4	results	result	NOUN
arjefm-1157	295	5	of	of	ADP
arjefm-1157	295	6	this	this	DET
arjefm-1157	295	7	study	study	NOUN
arjefm-1157	295	8	closely	closely	ADV
arjefm-1157	295	9	,	,	PUNCT
arjefm-1157	295	10	it	it	PRON
arjefm-1157	295	11	is	be	AUX
arjefm-1157	295	12	seen	see	VERB
arjefm-1157	295	13	that	that	SCONJ
arjefm-1157	295	14	other	other	ADJ
arjefm-1157	295	15	variables	variable	NOUN
arjefm-1157	295	16	in	in	ADP
arjefm-1157	295	17	the	the	DET
arjefm-1157	295	18	model	model	NOUN
arjefm-1157	295	19	have	have	AUX
arjefm-1157	295	20	not	not	PART
arjefm-1157	295	21	positively	positively	ADV
arjefm-1157	295	22	influenced	influence	VERB
arjefm-1157	295	23	capital	capital	NOUN
arjefm-1157	295	24	flow	flow	NOUN
arjefm-1157	295	25	except	except	SCONJ
arjefm-1157	295	26	inflation	inflation	NOUN
arjefm-1157	295	27	and	and	CCONJ
arjefm-1157	295	28	human	human	ADJ
arjefm-1157	295	29	capital	capital	NOUN
arjefm-1157	295	30	.	.	PUNCT
arjefm-1157	296	1	above	above	ADP
arjefm-1157	296	2	all	all	PRON
arjefm-1157	296	3	,	,	PUNCT
arjefm-1157	296	4	the	the	DET
arjefm-1157	296	5	failure	failure	NOUN
arjefm-1157	296	6	of	of	ADP
arjefm-1157	296	7	the	the	DET
arjefm-1157	296	8	real	real	ADJ
arjefm-1157	296	9	gdp	gdp	NOUN
arjefm-1157	296	10	and	and	CCONJ
arjefm-1157	296	11	openness	openness	NOUN
arjefm-1157	296	12	coefficients	coefficient	NOUN
arjefm-1157	296	13	in	in	ADP
arjefm-1157	296	14	both	both	CCONJ
arjefm-1157	296	15	the	the	DET
arjefm-1157	296	16	fpi	fpi	PROPN
arjefm-1157	296	17	and	and	CCONJ
arjefm-1157	296	18	fdi	fdi	NOUN
arjefm-1157	296	19	results	result	NOUN
arjefm-1157	296	20	is	be	AUX
arjefm-1157	296	21	a	a	DET
arjefm-1157	296	22	thing	thing	NOUN
arjefm-1157	296	23	of	of	ADP
arjefm-1157	296	24	worry	worry	NOUN
arjefm-1157	296	25	as	as	ADP
arjefm-1157	296	26	the	the	DET
arjefm-1157	296	27	refuse	refuse	NOUN
arjefm-1157	296	28	to	to	PART
arjefm-1157	296	29	agree	agree	VERB
arjefm-1157	296	30	with	with	ADP
arjefm-1157	296	31	the	the	DET
arjefm-1157	296	32	a	a	DET
arjefm-1157	296	33	priori	priori	ADJ
arjefm-1157	296	34	expectations	expectation	NOUN
arjefm-1157	296	35	.	.	PUNCT
arjefm-1157	297	1	therefore	therefore	ADV
arjefm-1157	297	2	,	,	PUNCT
arjefm-1157	297	3	it	it	PRON
arjefm-1157	297	4	can	can	AUX
arjefm-1157	297	5	be	be	AUX
arjefm-1157	297	6	deduced	deduce	VERB
arjefm-1157	297	7	that	that	SCONJ
arjefm-1157	297	8	the	the	DET
arjefm-1157	297	9	market	market	NOUN
arjefm-1157	297	10	size	size	NOUN
arjefm-1157	297	11	or	or	CCONJ
arjefm-1157	297	12	the	the	DET
arjefm-1157	297	13	rate	rate	NOUN
arjefm-1157	297	14	of	of	ADP
arjefm-1157	297	15	openness	openness	NOUN
arjefm-1157	297	16	does	do	AUX
arjefm-1157	297	17	not	not	PART
arjefm-1157	297	18	have	have	VERB
arjefm-1157	297	19	much	much	ADJ
arjefm-1157	297	20	impact	impact	NOUN
arjefm-1157	297	21	on	on	ADP
arjefm-1157	297	22	the	the	DET
arjefm-1157	297	23	fdi	fdi	NOUN
arjefm-1157	297	24	inflows	inflow	NOUN
arjefm-1157	297	25	in	in	ADP
arjefm-1157	297	26	the	the	DET
arjefm-1157	297	27	short	short	ADJ
arjefm-1157	297	28	run	run	NOUN
arjefm-1157	297	29	in	in	ADP
arjefm-1157	297	30	nigeria	nigeria	PROPN
arjefm-1157	297	31	.	.	PUNCT
arjefm-1157	298	1	this	this	PRON
arjefm-1157	298	2	means	mean	VERB
arjefm-1157	298	3	,	,	PUNCT
arjefm-1157	298	4	the	the	DET
arjefm-1157	298	5	adjusting	adjust	VERB
arjefm-1157	298	6	macroeconomic	macroeconomic	ADJ
arjefm-1157	298	7	factors	factor	NOUN
arjefm-1157	298	8	in	in	ADP
arjefm-1157	298	9	this	this	DET
arjefm-1157	298	10	study	study	NOUN
arjefm-1157	298	11	does	do	AUX
arjefm-1157	298	12	not	not	PART
arjefm-1157	298	13	have	have	VERB
arjefm-1157	298	14	serious	serious	ADJ
arjefm-1157	298	15	impacts	impact	NOUN
arjefm-1157	298	16	in	in	ADP
arjefm-1157	298	17	the	the	DET
arjefm-1157	298	18	short	short	ADJ
arjefm-1157	298	19	term	term	NOUN
arjefm-1157	298	20	on	on	ADP
arjefm-1157	298	21	foreign	foreign	ADJ
arjefm-1157	298	22	capital	capital	NOUN
arjefm-1157	298	23	inflows	inflow	NOUN
arjefm-1157	298	24	into	into	ADP
arjefm-1157	298	25	the	the	DET
arjefm-1157	298	26	country	country	NOUN
arjefm-1157	298	27	.	.	PUNCT
arjefm-1157	299	1	the	the	DET
arjefm-1157	299	2	scenario	scenario	NOUN
arjefm-1157	299	3	sorts	sort	VERB
arjefm-1157	299	4	for	for	ADP
arjefm-1157	299	5	the	the	DET
arjefm-1157	299	6	error	error	NOUN
arjefm-1157	299	7	correction	correction	NOUN
arjefm-1157	299	8	terms	term	NOUN
arjefm-1157	299	9	in	in	ADP
arjefm-1157	299	10	the	the	DET
arjefm-1157	299	11	both	both	DET
arjefm-1157	299	12	equations	equation	NOUN
arjefm-1157	299	13	and	and	CCONJ
arjefm-1157	299	14	this	this	PRON
arjefm-1157	299	15	then	then	ADV
arjefm-1157	299	16	have	have	VERB
arjefm-1157	299	17	the	the	DET
arjefm-1157	299	18	correct	correct	ADJ
arjefm-1157	299	19	negative	negative	ADJ
arjefm-1157	299	20	sign	sign	NOUN
arjefm-1157	299	21	as	as	SCONJ
arjefm-1157	299	22	seen	see	VERB
arjefm-1157	299	23	on	on	ADP
arjefm-1157	299	24	the	the	DET
arjefm-1157	299	25	table	table	NOUN
arjefm-1157	299	26	above	above	ADV
arjefm-1157	299	27	.	.	PUNCT
arjefm-1157	300	1	this	this	DET
arjefm-1157	300	2	trend	trend	NOUN
arjefm-1157	300	3	therefore	therefore	ADV
arjefm-1157	300	4	reveals	reveal	VERB
arjefm-1157	300	5	that	that	SCONJ
arjefm-1157	300	6	any	any	DET
arjefm-1157	300	7	short	short	ADJ
arjefm-1157	300	8	run	run	NOUN
arjefm-1157	300	9	change	change	NOUN
arjefm-1157	300	10	in	in	ADP
arjefm-1157	300	11	foreign	foreign	ADJ
arjefm-1157	300	12	capital	capital	NOUN
arjefm-1157	300	13	in	in	ADP
arjefm-1157	300	14	nigeria	nigeria	PROPN
arjefm-1157	300	15	will	will	AUX
arjefm-1157	300	16	be	be	AUX
arjefm-1157	300	17	american	american	ADJ
arjefm-1157	300	18	research	research	PROPN
arjefm-1157	300	19	journal	journal	PROPN
arjefm-1157	300	20	of	of	ADP
arjefm-1157	300	21	economics	economic	NOUN
arjefm-1157	300	22	,	,	PUNCT
arjefm-1157	300	23	finance	finance	NOUN
arjefm-1157	300	24	and	and	CCONJ
arjefm-1157	300	25	management	management	NOUN
arjefm-1157	300	26	volume	volume	NOUN
arjefm-1157	300	27	13	13	NUM
arjefm-1157	300	28	issue	issue	NOUN
arjefm-1157	300	29	1	1	NUM
arjefm-1157	300	30	,	,	PUNCT
arjefm-1157	300	31	january	january	PROPN
arjefm-1157	300	32	-	-	PUNCT
arjefm-1157	300	33	march	march	PROPN
arjefm-1157	300	34	2025	2025	NUM
arjefm-1157	300	35	issn	issn	NOUN
arjefm-1157	300	36	:	:	PUNCT
arjefm-1157	300	37	2836	2836	NUM
arjefm-1157	300	38	-	-	SYM
arjefm-1157	300	39	9416	9416	NUM
arjefm-1157	300	40	impact	impact	NOUN
arjefm-1157	300	41	factor	factor	NOUN
arjefm-1157	300	42	:	:	PUNCT
arjefm-1157	300	43	6.41	6.41	NUM
arjefm-1157	300	44	journal	journal	NOUN
arjefm-1157	300	45	homepage	homepage	NOUN
arjefm-1157	300	46	:	:	PUNCT
arjefm-1157	300	47	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	300	48	,	,	PUNCT
arjefm-1157	300	49	email	email	NOUN
arjefm-1157	300	50	:	:	PUNCT
arjefm-1157	300	51	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	300	52	official	official	ADJ
arjefm-1157	300	53	journal	journal	PROPN
arjefm-1157	300	54	of	of	ADP
arjefm-1157	300	55	america	america	PROPN
arjefm-1157	300	56	serial	serial	PROPN
arjefm-1157	300	57	publication	publication	NOUN
arjefm-1157	300	58	american	american	PROPN
arjefm-1157	300	59	research	research	PROPN
arjefm-1157	300	60	journal	journal	PROPN
arjefm-1157	300	61	of	of	ADP
arjefm-1157	300	62	economics	economic	NOUN
arjefm-1157	300	63	,	,	PUNCT
arjefm-1157	300	64	finance	finance	NOUN
arjefm-1157	300	65	and	and	CCONJ
arjefm-1157	300	66	management	management	NOUN
arjefm-1157	300	67	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	300	68	,	,	PUNCT
arjefm-1157	300	69	email	email	NOUN
arjefm-1157	300	70	:	:	PUNCT
arjefm-1157	301	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	301	2	80	80	NUM
arjefm-1157	302	1	|	|	ADV
arjefm-1157	302	2	p	p	ADP
arjefm-1157	302	3	a	a	DET
arjefm-1157	302	4	g	g	NOUN
arjefm-1157	302	5	e	e	NOUN
arjefm-1157	302	6	restored	restore	VERB
arjefm-1157	302	7	in	in	ADP
arjefm-1157	302	8	the	the	DET
arjefm-1157	302	9	long	long	ADJ
arjefm-1157	302	10	run	run	NOUN
arjefm-1157	302	11	.	.	PUNCT
arjefm-1157	303	1	this	this	PRON
arjefm-1157	303	2	is	be	AUX
arjefm-1157	303	3	because	because	SCONJ
arjefm-1157	303	4	,	,	PUNCT
arjefm-1157	303	5	the	the	DET
arjefm-1157	303	6	high	high	ADJ
arjefm-1157	303	7	values	value	NOUN
arjefm-1157	303	8	of	of	ADP
arjefm-1157	303	9	the	the	DET
arjefm-1157	303	10	error	error	NOUN
arjefm-1157	303	11	correction	correction	NOUN
arjefm-1157	303	12	term	term	NOUN
arjefm-1157	303	13	that	that	PRON
arjefm-1157	303	14	is	be	AUX
arjefm-1157	303	15	more	more	ADJ
arjefm-1157	303	16	than	than	ADP
arjefm-1157	303	17	one	one	NUM
arjefm-1157	303	18	means	mean	VERB
arjefm-1157	303	19	that	that	SCONJ
arjefm-1157	303	20	adjustment	adjustment	NOUN
arjefm-1157	303	21	to	to	ADP
arjefm-1157	303	22	equilibrium	equilibrium	NOUN
arjefm-1157	303	23	in	in	ADP
arjefm-1157	303	24	the	the	DET
arjefm-1157	303	25	long	long	ADJ
arjefm-1157	303	26	run	run	NOUN
arjefm-1157	303	27	will	will	AUX
arjefm-1157	303	28	move	move	VERB
arjefm-1157	303	29	backward	backward	ADV
arjefm-1157	303	30	.	.	PUNCT
arjefm-1157	304	1	this	this	PRON
arjefm-1157	304	2	means	mean	VERB
arjefm-1157	304	3	the	the	DET
arjefm-1157	304	4	adjustments	adjustment	NOUN
arjefm-1157	304	5	appear	appear	VERB
arjefm-1157	304	6	to	to	PART
arjefm-1157	304	7	move	move	VERB
arjefm-1157	304	8	from	from	ADP
arjefm-1157	304	9	negative	negative	ADJ
arjefm-1157	304	10	to	to	ADP
arjefm-1157	304	11	positive	positive	ADJ
arjefm-1157	304	12	over	over	ADP
arjefm-1157	304	13	time	time	NOUN
arjefm-1157	304	14	as	as	SCONJ
arjefm-1157	304	15	seen	see	VERB
arjefm-1157	304	16	in	in	ADP
arjefm-1157	304	17	this	this	DET
arjefm-1157	304	18	study	study	NOUN
arjefm-1157	304	19	and	and	CCONJ
arjefm-1157	304	20	this	this	PRON
arjefm-1157	304	21	may	may	AUX
arjefm-1157	304	22	be	be	AUX
arjefm-1157	304	23	as	as	ADP
arjefm-1157	304	24	result	result	NOUN
arjefm-1157	304	25	of	of	ADP
arjefm-1157	304	26	the	the	DET
arjefm-1157	304	27	compositions	composition	NOUN
arjefm-1157	304	28	of	of	ADP
arjefm-1157	304	29	the	the	DET
arjefm-1157	304	30	market	market	NOUN
arjefm-1157	304	31	in	in	ADP
arjefm-1157	304	32	nigeria	nigeria	PROPN
arjefm-1157	304	33	.	.	PUNCT
arjefm-1157	305	1	the	the	DET
arjefm-1157	305	2	implications	implication	NOUN
arjefm-1157	305	3	of	of	ADP
arjefm-1157	305	4	the	the	DET
arjefm-1157	305	5	results	result	NOUN
arjefm-1157	305	6	show	show	VERB
arjefm-1157	305	7	that	that	SCONJ
arjefm-1157	305	8	,	,	PUNCT
arjefm-1157	305	9	international	international	ADJ
arjefm-1157	305	10	market	market	NOUN
arjefm-1157	305	11	factors	factor	NOUN
arjefm-1157	305	12	have	have	VERB
arjefm-1157	305	13	a	a	DET
arjefm-1157	305	14	tendency	tendency	NOUN
arjefm-1157	305	15	to	to	PART
arjefm-1157	305	16	have	have	AUX
arjefm-1157	305	17	continuous	continuous	ADJ
arjefm-1157	305	18	impacts	impact	NOUN
arjefm-1157	305	19	on	on	ADP
arjefm-1157	305	20	capital	capital	NOUN
arjefm-1157	305	21	flows	flow	NOUN
arjefm-1157	305	22	in	in	ADP
arjefm-1157	305	23	the	the	DET
arjefm-1157	305	24	nigerian	nigerian	ADJ
arjefm-1157	305	25	economy	economy	NOUN
arjefm-1157	305	26	.	.	PUNCT
arjefm-1157	306	1	this	this	PRON
arjefm-1157	306	2	means	mean	VERB
arjefm-1157	306	3	the	the	DET
arjefm-1157	306	4	impacts	impact	NOUN
arjefm-1157	306	5	of	of	ADP
arjefm-1157	306	6	external	external	ADJ
arjefm-1157	306	7	reserves	reserve	NOUN
arjefm-1157	306	8	and	and	CCONJ
arjefm-1157	306	9	external	external	ADJ
arjefm-1157	306	10	debt	debt	NOUN
arjefm-1157	306	11	on	on	ADP
arjefm-1157	306	12	foreign	foreign	ADJ
arjefm-1157	306	13	direct	direct	ADJ
arjefm-1157	306	14	and	and	CCONJ
arjefm-1157	306	15	portfolio	portfolio	NOUN
arjefm-1157	306	16	investments	investment	NOUN
arjefm-1157	306	17	are	be	AUX
arjefm-1157	306	18	weighty	weighty	ADJ
arjefm-1157	306	19	in	in	ADP
arjefm-1157	306	20	nigerian	nigerian	ADJ
arjefm-1157	306	21	economy	economy	NOUN
arjefm-1157	306	22	.	.	PUNCT
arjefm-1157	307	1	the	the	DET
arjefm-1157	307	2	non	non	ADJ
arjefm-1157	307	3	-	-	ADJ
arjefm-1157	307	4	significant	significant	ADJ
arjefm-1157	307	5	relationship	relationship	NOUN
arjefm-1157	307	6	of	of	ADP
arjefm-1157	307	7	the	the	DET
arjefm-1157	307	8	macroeconomic	macroeconomic	ADJ
arjefm-1157	307	9	variables	variable	NOUN
arjefm-1157	307	10	in	in	ADP
arjefm-1157	307	11	the	the	DET
arjefm-1157	307	12	short	short	ADJ
arjefm-1157	307	13	run	run	NOUN
arjefm-1157	307	14	but	but	CCONJ
arjefm-1157	307	15	being	be	AUX
arjefm-1157	307	16	significant	significant	ADJ
arjefm-1157	307	17	in	in	ADP
arjefm-1157	307	18	the	the	DET
arjefm-1157	307	19	long	long	ADJ
arjefm-1157	307	20	run	run	NOUN
arjefm-1157	307	21	as	as	SCONJ
arjefm-1157	307	22	observed	observe	VERB
arjefm-1157	307	23	in	in	ADP
arjefm-1157	307	24	the	the	DET
arjefm-1157	307	25	ecm	ecm	NOUN
arjefm-1157	307	26	and	and	CCONJ
arjefm-1157	307	27	long	long	ADJ
arjefm-1157	307	28	run	run	NOUN
arjefm-1157	307	29	estimates	estimate	NOUN
arjefm-1157	307	30	tables	table	NOUN
arjefm-1157	307	31	in	in	ADP
arjefm-1157	307	32	this	this	DET
arjefm-1157	307	33	study	study	NOUN
arjefm-1157	307	34	means	mean	VERB
arjefm-1157	307	35	that	that	SCONJ
arjefm-1157	307	36	the	the	DET
arjefm-1157	307	37	management	management	NOUN
arjefm-1157	307	38	of	of	ADP
arjefm-1157	307	39	local	local	ADJ
arjefm-1157	307	40	macroeconomic	macroeconomic	ADJ
arjefm-1157	307	41	factors	factor	NOUN
arjefm-1157	307	42	have	have	AUX
arjefm-1157	307	43	not	not	PART
arjefm-1157	307	44	attracted	attract	VERB
arjefm-1157	307	45	foreign	foreign	ADJ
arjefm-1157	307	46	investment	investment	NOUN
arjefm-1157	307	47	,	,	PUNCT
arjefm-1157	307	48	particularly	particularly	ADV
arjefm-1157	307	49	the	the	DET
arjefm-1157	307	50	portfolio	portfolio	NOUN
arjefm-1157	307	51	investment	investment	NOUN
arjefm-1157	307	52	that	that	PRON
arjefm-1157	307	53	will	will	AUX
arjefm-1157	307	54	lead	lead	VERB
arjefm-1157	307	55	to	to	ADP
arjefm-1157	307	56	growth	growth	NOUN
arjefm-1157	307	57	and	and	CCONJ
arjefm-1157	307	58	development	development	NOUN
arjefm-1157	307	59	of	of	ADP
arjefm-1157	307	60	the	the	DET
arjefm-1157	307	61	nigerian	nigerian	ADJ
arjefm-1157	307	62	economy	economy	NOUN
arjefm-1157	307	63	.	.	PUNCT
arjefm-1157	308	1	again	again	ADV
arjefm-1157	308	2	,	,	PUNCT
arjefm-1157	308	3	as	as	SCONJ
arjefm-1157	308	4	seen	see	VERB
arjefm-1157	308	5	in	in	ADP
arjefm-1157	308	6	the	the	DET
arjefm-1157	308	7	result	result	NOUN
arjefm-1157	308	8	,	,	PUNCT
arjefm-1157	308	9	the	the	DET
arjefm-1157	308	10	human	human	ADJ
arjefm-1157	308	11	capital	capital	NOUN
arjefm-1157	308	12	development	development	NOUN
arjefm-1157	308	13	is	be	AUX
arjefm-1157	308	14	one	one	NUM
arjefm-1157	308	15	of	of	ADP
arjefm-1157	308	16	the	the	DET
arjefm-1157	308	17	key	key	ADJ
arjefm-1157	308	18	domestic	domestic	ADJ
arjefm-1157	308	19	factors	factor	NOUN
arjefm-1157	308	20	that	that	PRON
arjefm-1157	308	21	stimulate	stimulate	VERB
arjefm-1157	308	22	capital	capital	NOUN
arjefm-1157	308	23	flows	flow	NOUN
arjefm-1157	308	24	in	in	ADP
arjefm-1157	308	25	nigeria	nigeria	PROPN
arjefm-1157	308	26	in	in	ADP
arjefm-1157	308	27	the	the	DET
arjefm-1157	308	28	short	short	ADJ
arjefm-1157	308	29	and	and	CCONJ
arjefm-1157	308	30	long	long	ADJ
arjefm-1157	308	31	run	run	NOUN
arjefm-1157	308	32	.	.	PUNCT
arjefm-1157	309	1	5.0	5.0	NUM
arjefm-1157	309	2	summary	summary	NOUN
arjefm-1157	309	3	,	,	PUNCT
arjefm-1157	309	4	recommendations	recommendation	NOUN
arjefm-1157	309	5	and	and	CCONJ
arjefm-1157	309	6	conclusion	conclusion	VERB
arjefm-1157	309	7	5.1	5.1	NUM
arjefm-1157	309	8	summary	summary	NOUN
arjefm-1157	309	9	of	of	ADP
arjefm-1157	309	10	findings	finding	NOUN
arjefm-1157	309	11	the	the	DET
arjefm-1157	309	12	main	main	ADJ
arjefm-1157	309	13	aim	aim	NOUN
arjefm-1157	309	14	of	of	ADP
arjefm-1157	309	15	this	this	DET
arjefm-1157	309	16	study	study	NOUN
arjefm-1157	309	17	is	be	AUX
arjefm-1157	309	18	to	to	PART
arjefm-1157	309	19	examine	examine	VERB
arjefm-1157	309	20	the	the	DET
arjefm-1157	309	21	factors	factor	NOUN
arjefm-1157	309	22	influencing	influence	VERB
arjefm-1157	309	23	the	the	DET
arjefm-1157	309	24	inflows	inflow	NOUN
arjefm-1157	309	25	of	of	ADP
arjefm-1157	309	26	foreign	foreign	ADJ
arjefm-1157	309	27	capital	capital	NOUN
arjefm-1157	309	28	into	into	ADP
arjefm-1157	309	29	nigeria	nigeria	PROPN
arjefm-1157	309	30	.	.	PUNCT
arjefm-1157	310	1	the	the	DET
arjefm-1157	310	2	study	study	NOUN
arjefm-1157	310	3	further	far	ADV
arjefm-1157	310	4	examines	examine	VERB
arjefm-1157	310	5	how	how	SCONJ
arjefm-1157	310	6	the	the	DET
arjefm-1157	310	7	external	external	ADJ
arjefm-1157	310	8	capital	capital	NOUN
arjefm-1157	310	9	flow	flow	NOUN
arjefm-1157	310	10	has	have	AUX
arjefm-1157	310	11	influenced	influence	VERB
arjefm-1157	310	12	the	the	DET
arjefm-1157	310	13	development	development	NOUN
arjefm-1157	310	14	of	of	ADP
arjefm-1157	310	15	nigeria	nigeria	PROPN
arjefm-1157	310	16	.	.	PUNCT
arjefm-1157	311	1	the	the	DET
arjefm-1157	311	2	results	result	NOUN
arjefm-1157	311	3	of	of	ADP
arjefm-1157	311	4	this	this	DET
arjefm-1157	311	5	study	study	NOUN
arjefm-1157	311	6	reveal	reveal	VERB
arjefm-1157	311	7	that	that	SCONJ
arjefm-1157	311	8	the	the	DET
arjefm-1157	311	9	expected	expect	VERB
arjefm-1157	311	10	benefits	benefit	NOUN
arjefm-1157	311	11	to	to	ADP
arjefm-1157	311	12	factors	factor	NOUN
arjefm-1157	311	13	influencing	influence	VERB
arjefm-1157	311	14	foreign	foreign	ADJ
arjefm-1157	311	15	capital	capital	NOUN
arjefm-1157	311	16	flow	flow	NOUN
arjefm-1157	311	17	into	into	ADP
arjefm-1157	311	18	nigeria	nigeria	PROPN
arjefm-1157	311	19	are	be	AUX
arjefm-1157	311	20	mostly	mostly	ADV
arjefm-1157	311	21	gotten	get	VERB
arjefm-1157	311	22	from	from	ADP
arjefm-1157	311	23	external	external	ADJ
arjefm-1157	311	24	than	than	ADP
arjefm-1157	311	25	internal	internal	ADJ
arjefm-1157	311	26	sectors	sector	NOUN
arjefm-1157	311	27	.	.	PUNCT
arjefm-1157	312	1	the	the	DET
arjefm-1157	312	2	study	study	NOUN
arjefm-1157	312	3	specifically	specifically	ADV
arjefm-1157	312	4	found	find	VERB
arjefm-1157	312	5	out	out	ADP
arjefm-1157	312	6	that	that	SCONJ
arjefm-1157	312	7	:	:	PUNCT
arjefm-1157	312	8	domestic	domestic	ADJ
arjefm-1157	312	9	factors	factor	NOUN
arjefm-1157	312	10	wield	wield	VERB
arjefm-1157	312	11	more	more	ADJ
arjefm-1157	312	12	impact	impact	NOUN
arjefm-1157	312	13	on	on	ADP
arjefm-1157	312	14	the	the	DET
arjefm-1157	312	15	factors	factor	NOUN
arjefm-1157	312	16	influencing	influence	VERB
arjefm-1157	312	17	long	long	ADJ
arjefm-1157	312	18	run	run	NOUN
arjefm-1157	312	19	capital	capital	NOUN
arjefm-1157	312	20	flow	flow	NOUN
arjefm-1157	312	21	.	.	PUNCT
arjefm-1157	313	1	it	it	PRON
arjefm-1157	313	2	is	be	AUX
arjefm-1157	313	3	also	also	ADV
arjefm-1157	313	4	found	find	VERB
arjefm-1157	313	5	out	out	ADP
arjefm-1157	313	6	that	that	SCONJ
arjefm-1157	313	7	portfolio	portfolio	NOUN
arjefm-1157	313	8	investment	investment	NOUN
arjefm-1157	313	9	has	have	VERB
arjefm-1157	313	10	significant	significant	ADJ
arjefm-1157	313	11	influence	influence	NOUN
arjefm-1157	313	12	in	in	ADP
arjefm-1157	313	13	the	the	DET
arjefm-1157	313	14	short	short	ADJ
arjefm-1157	313	15	run	run	NOUN
arjefm-1157	313	16	than	than	ADP
arjefm-1157	313	17	in	in	ADP
arjefm-1157	313	18	the	the	DET
arjefm-1157	313	19	long	long	ADJ
arjefm-1157	313	20	run	run	NOUN
arjefm-1157	313	21	in	in	ADP
arjefm-1157	313	22	nigeria	nigeria	PROPN
arjefm-1157	313	23	.	.	PUNCT
arjefm-1157	314	1	a	a	DET
arjefm-1157	314	2	closer	close	ADJ
arjefm-1157	314	3	look	look	NOUN
arjefm-1157	314	4	at	at	ADP
arjefm-1157	314	5	the	the	DET
arjefm-1157	314	6	result	result	NOUN
arjefm-1157	314	7	shows	show	VERB
arjefm-1157	314	8	external	external	ADJ
arjefm-1157	314	9	factors	factor	NOUN
arjefm-1157	314	10	are	be	AUX
arjefm-1157	314	11	likely	likely	ADJ
arjefm-1157	314	12	to	to	PART
arjefm-1157	314	13	influence	influence	VERB
arjefm-1157	314	14	the	the	DET
arjefm-1157	314	15	flow	flow	NOUN
arjefm-1157	314	16	of	of	ADP
arjefm-1157	314	17	fpi	fpi	PROPN
arjefm-1157	314	18	in	in	ADP
arjefm-1157	314	19	the	the	DET
arjefm-1157	314	20	long	long	ADJ
arjefm-1157	314	21	term	term	NOUN
arjefm-1157	314	22	.	.	PUNCT
arjefm-1157	315	1	this	this	PRON
arjefm-1157	315	2	can	can	AUX
arjefm-1157	315	3	be	be	AUX
arjefm-1157	315	4	affirmed	affirm	VERB
arjefm-1157	315	5	considering	consider	VERB
arjefm-1157	315	6	r2	r2	PROPN
arjefm-1157	315	7	values	value	NOUN
arjefm-1157	315	8	of	of	ADP
arjefm-1157	315	9	76	76	NUM
arjefm-1157	315	10	%	%	NOUN
arjefm-1157	315	11	and	and	CCONJ
arjefm-1157	315	12	37	37	NUM
arjefm-1157	315	13	%	%	NOUN
arjefm-1157	315	14	as	as	SCONJ
arjefm-1157	315	15	seen	see	VERB
arjefm-1157	315	16	in	in	ADP
arjefm-1157	315	17	the	the	DET
arjefm-1157	315	18	table	table	NOUN
arjefm-1157	315	19	above	above	ADV
arjefm-1157	315	20	.	.	PUNCT
arjefm-1157	316	1	again	again	ADV
arjefm-1157	316	2	,	,	PUNCT
arjefm-1157	316	3	it	it	PRON
arjefm-1157	316	4	is	be	AUX
arjefm-1157	316	5	revealing	reveal	VERB
arjefm-1157	316	6	in	in	ADP
arjefm-1157	316	7	the	the	DET
arjefm-1157	316	8	study	study	NOUN
arjefm-1157	316	9	that	that	SCONJ
arjefm-1157	316	10	in	in	ADP
arjefm-1157	316	11	the	the	DET
arjefm-1157	316	12	short	short	ADJ
arjefm-1157	316	13	run	run	NOUN
arjefm-1157	316	14	outside	outside	ADJ
arjefm-1157	316	15	factors	factor	NOUN
arjefm-1157	316	16	play	play	VERB
arjefm-1157	316	17	more	more	ADJ
arjefm-1157	316	18	roles	role	NOUN
arjefm-1157	316	19	in	in	ADP
arjefm-1157	316	20	encouraging	encourage	VERB
arjefm-1157	316	21	capital	capital	NOUN
arjefm-1157	316	22	inflows	inflow	NOUN
arjefm-1157	316	23	to	to	ADP
arjefm-1157	316	24	the	the	DET
arjefm-1157	316	25	nigerian	nigerian	ADJ
arjefm-1157	316	26	economy	economy	NOUN
arjefm-1157	316	27	.	.	PUNCT
arjefm-1157	317	1	5.2	5.2	NUM
arjefm-1157	317	2	recommendations	recommendation	NOUN
arjefm-1157	317	3	in	in	ADP
arjefm-1157	317	4	view	view	NOUN
arjefm-1157	317	5	of	of	ADP
arjefm-1157	317	6	the	the	DET
arjefm-1157	317	7	above	above	ADJ
arjefm-1157	317	8	findings	finding	NOUN
arjefm-1157	317	9	,	,	PUNCT
arjefm-1157	317	10	the	the	DET
arjefm-1157	317	11	following	follow	VERB
arjefm-1157	317	12	policy	policy	NOUN
arjefm-1157	317	13	recommendations	recommendation	NOUN
arjefm-1157	317	14	are	be	AUX
arjefm-1157	317	15	proffered	proffer	VERB
arjefm-1157	317	16	:	:	PUNCT
arjefm-1157	317	17	american	american	ADJ
arjefm-1157	317	18	research	research	PROPN
arjefm-1157	317	19	journal	journal	PROPN
arjefm-1157	317	20	of	of	ADP
arjefm-1157	317	21	economics	economic	NOUN
arjefm-1157	317	22	,	,	PUNCT
arjefm-1157	317	23	finance	finance	NOUN
arjefm-1157	317	24	and	and	CCONJ
arjefm-1157	317	25	management	management	NOUN
arjefm-1157	317	26	volume	volume	NOUN
arjefm-1157	317	27	13	13	NUM
arjefm-1157	317	28	issue	issue	NOUN
arjefm-1157	317	29	1	1	NUM
arjefm-1157	317	30	,	,	PUNCT
arjefm-1157	317	31	january	january	PROPN
arjefm-1157	317	32	-	-	PUNCT
arjefm-1157	317	33	march	march	PROPN
arjefm-1157	317	34	2025	2025	NUM
arjefm-1157	317	35	issn	issn	NOUN
arjefm-1157	317	36	:	:	PUNCT
arjefm-1157	317	37	2836	2836	NUM
arjefm-1157	317	38	-	-	SYM
arjefm-1157	317	39	9416	9416	NUM
arjefm-1157	317	40	impact	impact	NOUN
arjefm-1157	317	41	factor	factor	NOUN
arjefm-1157	317	42	:	:	PUNCT
arjefm-1157	317	43	6.41	6.41	NUM
arjefm-1157	317	44	journal	journal	NOUN
arjefm-1157	317	45	homepage	homepage	NOUN
arjefm-1157	317	46	:	:	PUNCT
arjefm-1157	317	47	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	317	48	,	,	PUNCT
arjefm-1157	317	49	email	email	NOUN
arjefm-1157	317	50	:	:	PUNCT
arjefm-1157	317	51	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	317	52	official	official	ADJ
arjefm-1157	317	53	journal	journal	PROPN
arjefm-1157	317	54	of	of	ADP
arjefm-1157	317	55	america	america	PROPN
arjefm-1157	317	56	serial	serial	PROPN
arjefm-1157	317	57	publication	publication	NOUN
arjefm-1157	317	58	american	american	PROPN
arjefm-1157	317	59	research	research	PROPN
arjefm-1157	317	60	journal	journal	PROPN
arjefm-1157	317	61	of	of	ADP
arjefm-1157	317	62	economics	economic	NOUN
arjefm-1157	317	63	,	,	PUNCT
arjefm-1157	317	64	finance	finance	NOUN
arjefm-1157	317	65	and	and	CCONJ
arjefm-1157	317	66	management	management	NOUN
arjefm-1157	317	67	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	317	68	,	,	PUNCT
arjefm-1157	317	69	email	email	NOUN
arjefm-1157	317	70	:	:	PUNCT
arjefm-1157	317	71	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	318	1	81	81	NUM
arjefm-1157	319	1	|	|	ADV
arjefm-1157	319	2	p	p	X
arjefm-1157	319	3	a	a	DET
arjefm-1157	319	4	g	g	PROPN
arjefm-1157	319	5	e	e	PROPN
arjefm-1157	319	6	i.	i.	NOUN
arjefm-1157	319	7	government	government	PROPN
arjefm-1157	319	8	authorities	authority	NOUN
arjefm-1157	319	9	should	should	AUX
arjefm-1157	319	10	put	put	VERB
arjefm-1157	319	11	machineries	machinery	NOUN
arjefm-1157	319	12	in	in	ADP
arjefm-1157	319	13	place	place	NOUN
arjefm-1157	319	14	to	to	PART
arjefm-1157	319	15	expand	expand	VERB
arjefm-1157	319	16	and	and	CCONJ
arjefm-1157	319	17	promote	promote	VERB
arjefm-1157	319	18	domestic	domestic	ADJ
arjefm-1157	319	19	capital	capital	NOUN
arjefm-1157	319	20	market	market	NOUN
arjefm-1157	319	21	that	that	PRON
arjefm-1157	319	22	will	will	AUX
arjefm-1157	319	23	attract	attract	VERB
arjefm-1157	319	24	more	more	ADJ
arjefm-1157	319	25	foreign	foreign	ADJ
arjefm-1157	319	26	investors	investor	NOUN
arjefm-1157	319	27	to	to	PART
arjefm-1157	319	28	increase	increase	VERB
arjefm-1157	319	29	productivity	productivity	NOUN
arjefm-1157	319	30	and	and	CCONJ
arjefm-1157	319	31	development	development	NOUN
arjefm-1157	319	32	.	.	PUNCT
arjefm-1157	320	1	ii	ii	PROPN
arjefm-1157	320	2	.	.	PUNCT
arjefm-1157	321	1	the	the	DET
arjefm-1157	321	2	authorities	authority	NOUN
arjefm-1157	321	3	should	should	AUX
arjefm-1157	321	4	create	create	VERB
arjefm-1157	321	5	a	a	DET
arjefm-1157	321	6	healthy	healthy	ADJ
arjefm-1157	321	7	macroeconomic	macroeconomic	ADJ
arjefm-1157	321	8	environment	environment	NOUN
arjefm-1157	321	9	and	and	CCONJ
arjefm-1157	321	10	affordable	affordable	ADJ
arjefm-1157	321	11	and	and	CCONJ
arjefm-1157	321	12	accessible	accessible	ADJ
arjefm-1157	321	13	financial	financial	ADJ
arjefm-1157	321	14	system	system	NOUN
arjefm-1157	321	15	that	that	PRON
arjefm-1157	321	16	will	will	AUX
arjefm-1157	321	17	encourage	encourage	VERB
arjefm-1157	321	18	and	and	CCONJ
arjefm-1157	321	19	attract	attract	VERB
arjefm-1157	321	20	foreign	foreign	ADJ
arjefm-1157	321	21	investors	investor	NOUN
arjefm-1157	321	22	into	into	ADP
arjefm-1157	321	23	the	the	DET
arjefm-1157	321	24	country	country	NOUN
arjefm-1157	321	25	.	.	PUNCT
arjefm-1157	322	1	iii	iii	X
arjefm-1157	322	2	.	.	PUNCT
arjefm-1157	323	1	government	government	NOUN
arjefm-1157	323	2	should	should	AUX
arjefm-1157	323	3	put	put	VERB
arjefm-1157	323	4	policies	policy	NOUN
arjefm-1157	323	5	and	and	CCONJ
arjefm-1157	323	6	machineries	machinery	NOUN
arjefm-1157	323	7	in	in	ADP
arjefm-1157	323	8	place	place	NOUN
arjefm-1157	323	9	to	to	PART
arjefm-1157	323	10	reduce	reduce	VERB
arjefm-1157	323	11	uncontrolled	uncontrolled	ADJ
arjefm-1157	323	12	inflow	inflow	NOUN
arjefm-1157	323	13	of	of	ADP
arjefm-1157	323	14	portfolio	portfolio	NOUN
arjefm-1157	323	15	investment	investment	NOUN
arjefm-1157	323	16	in	in	ADP
arjefm-1157	323	17	nigeria	nigeria	PROPN
arjefm-1157	323	18	as	as	SCONJ
arjefm-1157	323	19	this	this	PRON
arjefm-1157	323	20	will	will	AUX
arjefm-1157	323	21	reduce	reduce	VERB
arjefm-1157	323	22	the	the	DET
arjefm-1157	323	23	level	level	NOUN
arjefm-1157	323	24	of	of	ADP
arjefm-1157	323	25	equity	equity	NOUN
arjefm-1157	323	26	bubbles	bubble	NOUN
arjefm-1157	323	27	in	in	ADP
arjefm-1157	323	28	the	the	DET
arjefm-1157	323	29	capital	capital	NOUN
arjefm-1157	323	30	market	market	NOUN
arjefm-1157	323	31	.	.	PUNCT
arjefm-1157	324	1	iv	iv	X
arjefm-1157	324	2	.	.	PUNCT
arjefm-1157	325	1	we	we	PRON
arjefm-1157	325	2	also	also	ADV
arjefm-1157	325	3	recommend	recommend	VERB
arjefm-1157	325	4	that	that	SCONJ
arjefm-1157	325	5	government	government	NOUN
arjefm-1157	325	6	authorities	authority	NOUN
arjefm-1157	325	7	should	should	AUX
arjefm-1157	325	8	pay	pay	VERB
arjefm-1157	325	9	attention	attention	NOUN
arjefm-1157	325	10	to	to	ADP
arjefm-1157	325	11	appropriate	appropriate	ADJ
arjefm-1157	325	12	management	management	NOUN
arjefm-1157	325	13	of	of	ADP
arjefm-1157	325	14	the	the	DET
arjefm-1157	325	15	vast	vast	ADJ
arjefm-1157	325	16	external	external	ADJ
arjefm-1157	325	17	reserves	reserve	NOUN
arjefm-1157	325	18	of	of	ADP
arjefm-1157	325	19	nigeria	nigeria	PROPN
arjefm-1157	325	20	so	so	SCONJ
arjefm-1157	325	21	as	as	SCONJ
arjefm-1157	325	22	to	to	PART
arjefm-1157	325	23	obtain	obtain	VERB
arjefm-1157	325	24	short	short	ADJ
arjefm-1157	325	25	term	term	NOUN
arjefm-1157	325	26	stability	stability	NOUN
arjefm-1157	325	27	of	of	ADP
arjefm-1157	325	28	foreign	foreign	ADJ
arjefm-1157	325	29	capital	capital	NOUN
arjefm-1157	325	30	flows	flow	NOUN
arjefm-1157	325	31	that	that	PRON
arjefm-1157	325	32	will	will	AUX
arjefm-1157	325	33	aid	aid	VERB
arjefm-1157	325	34	economic	economic	ADJ
arjefm-1157	325	35	growth	growth	NOUN
arjefm-1157	325	36	and	and	CCONJ
arjefm-1157	325	37	development	development	NOUN
arjefm-1157	325	38	.	.	PUNCT
arjefm-1157	326	1	this	this	PRON
arjefm-1157	326	2	can	can	AUX
arjefm-1157	326	3	be	be	AUX
arjefm-1157	326	4	done	do	VERB
arjefm-1157	326	5	by	by	ADP
arjefm-1157	326	6	putting	put	VERB
arjefm-1157	326	7	correct	correct	ADJ
arjefm-1157	326	8	policy	policy	NOUN
arjefm-1157	326	9	in	in	ADP
arjefm-1157	326	10	place	place	NOUN
arjefm-1157	326	11	that	that	PRON
arjefm-1157	326	12	will	will	AUX
arjefm-1157	326	13	focus	focus	VERB
arjefm-1157	326	14	on	on	ADP
arjefm-1157	326	15	stringent	stringent	ADJ
arjefm-1157	326	16	management	management	NOUN
arjefm-1157	326	17	of	of	ADP
arjefm-1157	326	18	the	the	DET
arjefm-1157	326	19	external	external	ADJ
arjefm-1157	326	20	sector	sector	NOUN
arjefm-1157	326	21	through	through	ADP
arjefm-1157	326	22	appropriate	appropriate	ADJ
arjefm-1157	326	23	reserves	reserve	NOUN
arjefm-1157	326	24	policy	policy	NOUN
arjefm-1157	326	25	and	and	CCONJ
arjefm-1157	326	26	debt	debt	NOUN
arjefm-1157	326	27	management	management	NOUN
arjefm-1157	326	28	that	that	PRON
arjefm-1157	326	29	will	will	AUX
arjefm-1157	326	30	likely	likely	ADV
arjefm-1157	326	31	improve	improve	VERB
arjefm-1157	326	32	the	the	DET
arjefm-1157	326	33	nigerian	nigerian	ADJ
arjefm-1157	326	34	economy	economy	NOUN
arjefm-1157	326	35	.	.	PUNCT
arjefm-1157	327	1	v.	v.	ADP
arjefm-1157	327	2	this	this	DET
arjefm-1157	327	3	study	study	NOUN
arjefm-1157	327	4	also	also	ADV
arjefm-1157	327	5	recommends	recommend	VERB
arjefm-1157	327	6	that	that	SCONJ
arjefm-1157	327	7	,	,	PUNCT
arjefm-1157	327	8	proper	proper	ADJ
arjefm-1157	327	9	portfolio	portfolio	NOUN
arjefm-1157	327	10	management	management	NOUN
arjefm-1157	327	11	policies	policy	NOUN
arjefm-1157	327	12	relating	relate	VERB
arjefm-1157	327	13	to	to	ADP
arjefm-1157	327	14	the	the	DET
arjefm-1157	327	15	currency	currency	NOUN
arjefm-1157	327	16	structure	structure	NOUN
arjefm-1157	327	17	,	,	PUNCT
arjefm-1157	327	18	selection	selection	NOUN
arjefm-1157	327	19	of	of	ADP
arjefm-1157	327	20	the	the	DET
arjefm-1157	327	21	type	type	NOUN
arjefm-1157	327	22	of	of	ADP
arjefm-1157	327	23	investment	investment	NOUN
arjefm-1157	327	24	instruments	instrument	NOUN
arjefm-1157	327	25	,	,	PUNCT
arjefm-1157	327	26	and	and	CCONJ
arjefm-1157	327	27	satisfactory	satisfactory	ADJ
arjefm-1157	327	28	period	period	NOUN
arjefm-1157	327	29	of	of	ADP
arjefm-1157	327	30	the	the	DET
arjefm-1157	327	31	reserves	reserve	NOUN
arjefm-1157	327	32	portfolio	portfolio	NOUN
arjefm-1157	327	33	to	to	PART
arjefm-1157	327	34	ensure	ensure	VERB
arjefm-1157	327	35	that	that	SCONJ
arjefm-1157	327	36	assets	asset	NOUN
arjefm-1157	327	37	are	be	AUX
arjefm-1157	327	38	protected	protect	VERB
arjefm-1157	327	39	and	and	CCONJ
arjefm-1157	327	40	made	make	VERB
arjefm-1157	327	41	available	available	ADJ
arjefm-1157	327	42	to	to	PART
arjefm-1157	327	43	enable	enable	VERB
arjefm-1157	327	44	the	the	DET
arjefm-1157	327	45	market	market	NOUN
arjefm-1157	327	46	expansion	expansion	NOUN
arjefm-1157	327	47	in	in	ADP
arjefm-1157	327	48	nigeria	nigeria	PROPN
arjefm-1157	327	49	.	.	PUNCT
arjefm-1157	328	1	vi	vi	X
arjefm-1157	328	2	.	.	PUNCT
arjefm-1157	329	1	the	the	DET
arjefm-1157	329	2	result	result	NOUN
arjefm-1157	329	3	reveals	reveal	VERB
arjefm-1157	329	4	a	a	DET
arjefm-1157	329	5	veritable	veritable	ADJ
arjefm-1157	329	6	difference	difference	NOUN
arjefm-1157	329	7	between	between	ADP
arjefm-1157	329	8	short	short	ADJ
arjefm-1157	329	9	run	run	NOUN
arjefm-1157	329	10	and	and	CCONJ
arjefm-1157	329	11	long	long	ADJ
arjefm-1157	329	12	run	run	NOUN
arjefm-1157	329	13	factors	factor	NOUN
arjefm-1157	329	14	influencing	influence	VERB
arjefm-1157	329	15	foreign	foreign	ADJ
arjefm-1157	329	16	capital	capital	NOUN
arjefm-1157	329	17	inflows	inflow	NOUN
arjefm-1157	329	18	to	to	ADP
arjefm-1157	329	19	nigeria	nigeria	PROPN
arjefm-1157	329	20	.	.	PUNCT
arjefm-1157	330	1	hence	hence	ADV
arjefm-1157	330	2	,	,	PUNCT
arjefm-1157	330	3	we	we	PRON
arjefm-1157	330	4	recommend	recommend	VERB
arjefm-1157	330	5	that	that	SCONJ
arjefm-1157	330	6	policy	policy	NOUN
arjefm-1157	330	7	measures	measure	NOUN
arjefm-1157	330	8	designed	design	VERB
arjefm-1157	330	9	to	to	PART
arjefm-1157	330	10	direct	direct	VERB
arjefm-1157	330	11	long	long	ADJ
arjefm-1157	330	12	term	term	NOUN
arjefm-1157	330	13	capital	capital	NOUN
arjefm-1157	330	14	inflows	inflow	NOUN
arjefm-1157	330	15	should	should	AUX
arjefm-1157	330	16	not	not	PART
arjefm-1157	330	17	be	be	AUX
arjefm-1157	330	18	the	the	DET
arjefm-1157	330	19	same	same	ADJ
arjefm-1157	330	20	as	as	ADP
arjefm-1157	330	21	those	those	PRON
arjefm-1157	330	22	designed	design	VERB
arjefm-1157	330	23	to	to	PART
arjefm-1157	330	24	control	control	VERB
arjefm-1157	330	25	the	the	DET
arjefm-1157	330	26	short	short	ADJ
arjefm-1157	330	27	-	-	PUNCT
arjefm-1157	330	28	term	term	NOUN
arjefm-1157	330	29	capital	capital	NOUN
arjefm-1157	330	30	flows	flow	NOUN
arjefm-1157	330	31	.	.	PUNCT
arjefm-1157	331	1	this	this	PRON
arjefm-1157	331	2	can	can	AUX
arjefm-1157	331	3	be	be	AUX
arjefm-1157	331	4	done	do	VERB
arjefm-1157	331	5	by	by	ADP
arjefm-1157	331	6	enhancing	enhance	VERB
arjefm-1157	331	7	a	a	DET
arjefm-1157	331	8	policy	policy	NOUN
arjefm-1157	331	9	is	be	AUX
arjefm-1157	331	10	fashioned	fashion	VERB
arjefm-1157	331	11	to	to	PART
arjefm-1157	331	12	consider	consider	VERB
arjefm-1157	331	13	the	the	DET
arjefm-1157	331	14	time	time	NOUN
arjefm-1157	331	15	horizon	horizon	NOUN
arjefm-1157	331	16	of	of	ADP
arjefm-1157	331	17	capital	capital	NOUN
arjefm-1157	331	18	flows	flow	NOUN
arjefm-1157	331	19	.	.	PUNCT
arjefm-1157	332	1	vii	vii	PROPN
arjefm-1157	332	2	.	.	PUNCT
arjefm-1157	333	1	no	no	DET
arjefm-1157	333	2	country	country	NOUN
arjefm-1157	333	3	of	of	ADP
arjefm-1157	333	4	the	the	DET
arjefm-1157	333	5	world	world	NOUN
arjefm-1157	333	6	can	can	AUX
arjefm-1157	333	7	strive	strive	VERB
arjefm-1157	333	8	in	in	ADP
arjefm-1157	333	9	an	an	DET
arjefm-1157	333	10	unregulated	unregulated	ADJ
arjefm-1157	333	11	capital	capital	NOUN
arjefm-1157	333	12	market	market	NOUN
arjefm-1157	333	13	and	and	CCONJ
arjefm-1157	333	14	unreserve	unreserve	VERB
arjefm-1157	333	15	management	management	NOUN
arjefm-1157	333	16	structure	structure	NOUN
arjefm-1157	333	17	and	and	CCONJ
arjefm-1157	333	18	as	as	ADP
arjefm-1157	333	19	such	such	ADJ
arjefm-1157	333	20	we	we	PRON
arjefm-1157	333	21	recommend	recommend	VERB
arjefm-1157	333	22	the	the	DET
arjefm-1157	333	23	government	government	NOUN
arjefm-1157	333	24	to	to	PART
arjefm-1157	333	25	provide	provide	VERB
arjefm-1157	333	26	a	a	DET
arjefm-1157	333	27	sound	sound	NOUN
arjefm-1157	333	28	reserve	reserve	NOUN
arjefm-1157	333	29	management	management	NOUN
arjefm-1157	333	30	policies	policy	NOUN
arjefm-1157	333	31	and	and	CCONJ
arjefm-1157	333	32	practices	practice	NOUN
arjefm-1157	333	33	that	that	PRON
arjefm-1157	333	34	will	will	AUX
arjefm-1157	333	35	promote	promote	VERB
arjefm-1157	333	36	sound	sound	VERB
arjefm-1157	333	37	and	and	CCONJ
arjefm-1157	333	38	regulated	regulated	ADJ
arjefm-1157	333	39	macroeconomic	macroeconomic	ADJ
arjefm-1157	333	40	management	management	NOUN
arjefm-1157	333	41	system	system	NOUN
arjefm-1157	333	42	.	.	PUNCT
arjefm-1157	334	1	5.3	5.3	NUM
arjefm-1157	334	2	conclusion	conclusion	NOUN
arjefm-1157	334	3	this	this	DET
arjefm-1157	334	4	study	study	NOUN
arjefm-1157	334	5	concludes	conclude	VERB
arjefm-1157	334	6	that	that	SCONJ
arjefm-1157	334	7	,	,	PUNCT
arjefm-1157	334	8	managing	manage	VERB
arjefm-1157	334	9	capital	capital	NOUN
arjefm-1157	334	10	flows	flow	VERB
arjefm-1157	334	11	the	the	DET
arjefm-1157	334	12	world	world	NOUN
arjefm-1157	334	13	over	over	ADP
arjefm-1157	334	14	and	and	CCONJ
arjefm-1157	334	15	nigeria	nigeria	PROPN
arjefm-1157	334	16	in	in	ADP
arjefm-1157	334	17	particular	particular	ADJ
arjefm-1157	334	18	is	be	AUX
arjefm-1157	334	19	a	a	DET
arjefm-1157	334	20	difficult	difficult	ADJ
arjefm-1157	334	21	development	development	NOUN
arjefm-1157	334	22	that	that	PRON
arjefm-1157	334	23	requires	require	VERB
arjefm-1157	334	24	suitable	suitable	ADJ
arjefm-1157	334	25	choice	choice	NOUN
arjefm-1157	334	26	of	of	ADP
arjefm-1157	334	27	policies	policy	NOUN
arjefm-1157	334	28	that	that	PRON
arjefm-1157	334	29	will	will	AUX
arjefm-1157	334	30	aid	aid	VERB
arjefm-1157	334	31	a	a	DET
arjefm-1157	334	32	country	country	NOUN
arjefm-1157	334	33	to	to	PART
arjefm-1157	334	34	grow	grow	VERB
arjefm-1157	334	35	and	and	CCONJ
arjefm-1157	334	36	some	some	PRON
arjefm-1157	334	37	of	of	ADP
arjefm-1157	334	38	the	the	DET
arjefm-1157	334	39	policies	policy	NOUN
arjefm-1157	334	40	include	include	AUX
arjefm-1157	334	41	yet	yet	ADV
arjefm-1157	334	42	not	not	PART
arjefm-1157	334	43	limited	limit	VERB
arjefm-1157	334	44	to	to	ADP
arjefm-1157	334	45	:	:	PUNCT
arjefm-1157	334	46	enhancing	enhance	VERB
arjefm-1157	334	47	a	a	DET
arjefm-1157	334	48	good	good	ADJ
arjefm-1157	334	49	financial	financial	ADJ
arjefm-1157	334	50	market	market	NOUN
arjefm-1157	334	51	conditions	condition	NOUN
arjefm-1157	334	52	that	that	PRON
arjefm-1157	334	53	will	will	AUX
arjefm-1157	334	54	aid	aid	VERB
arjefm-1157	334	55	financial	financial	ADJ
arjefm-1157	334	56	american	american	PROPN
arjefm-1157	334	57	research	research	PROPN
arjefm-1157	334	58	journal	journal	PROPN
arjefm-1157	334	59	of	of	ADP
arjefm-1157	334	60	economics	economic	NOUN
arjefm-1157	334	61	,	,	PUNCT
arjefm-1157	334	62	finance	finance	NOUN
arjefm-1157	334	63	and	and	CCONJ
arjefm-1157	334	64	management	management	NOUN
arjefm-1157	334	65	volume	volume	NOUN
arjefm-1157	334	66	13	13	NUM
arjefm-1157	334	67	issue	issue	NOUN
arjefm-1157	334	68	1	1	NUM
arjefm-1157	334	69	,	,	PUNCT
arjefm-1157	334	70	january	january	PROPN
arjefm-1157	334	71	-	-	PUNCT
arjefm-1157	334	72	march	march	PROPN
arjefm-1157	334	73	2025	2025	NUM
arjefm-1157	334	74	issn	issn	NOUN
arjefm-1157	334	75	:	:	PUNCT
arjefm-1157	334	76	2836	2836	NUM
arjefm-1157	334	77	-	-	SYM
arjefm-1157	334	78	9416	9416	NUM
arjefm-1157	334	79	impact	impact	NOUN
arjefm-1157	334	80	factor	factor	NOUN
arjefm-1157	334	81	:	:	PUNCT
arjefm-1157	334	82	6.41	6.41	NUM
arjefm-1157	334	83	journal	journal	NOUN
arjefm-1157	334	84	homepage	homepage	NOUN
arjefm-1157	334	85	:	:	PUNCT
arjefm-1157	334	86	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	334	87	,	,	PUNCT
arjefm-1157	334	88	email	email	NOUN
arjefm-1157	334	89	:	:	PUNCT
arjefm-1157	334	90	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	334	91	official	official	ADJ
arjefm-1157	334	92	journal	journal	PROPN
arjefm-1157	334	93	of	of	ADP
arjefm-1157	334	94	america	america	PROPN
arjefm-1157	334	95	serial	serial	PROPN
arjefm-1157	334	96	publication	publication	NOUN
arjefm-1157	334	97	american	american	PROPN
arjefm-1157	334	98	research	research	PROPN
arjefm-1157	334	99	journal	journal	PROPN
arjefm-1157	334	100	of	of	ADP
arjefm-1157	334	101	economics	economic	NOUN
arjefm-1157	334	102	,	,	PUNCT
arjefm-1157	334	103	finance	finance	NOUN
arjefm-1157	334	104	and	and	CCONJ
arjefm-1157	334	105	management	management	NOUN
arjefm-1157	334	106	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	334	107	,	,	PUNCT
arjefm-1157	334	108	email	email	NOUN
arjefm-1157	334	109	:	:	PUNCT
arjefm-1157	334	110	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	335	1	82	82	NUM
arjefm-1157	336	1	|	|	ADV
arjefm-1157	336	2	p	p	X
arjefm-1157	336	3	a	a	DET
arjefm-1157	336	4	g	g	NOUN
arjefm-1157	336	5	e	e	NOUN
arjefm-1157	336	6	stability	stability	NOUN
arjefm-1157	336	7	of	of	ADP
arjefm-1157	336	8	a	a	DET
arjefm-1157	336	9	country	country	NOUN
arjefm-1157	336	10	,	,	PUNCT
arjefm-1157	336	11	suitable	suitable	ADJ
arjefm-1157	336	12	level	level	NOUN
arjefm-1157	336	13	of	of	ADP
arjefm-1157	336	14	capital	capital	NOUN
arjefm-1157	336	15	reserves	reserve	NOUN
arjefm-1157	336	16	locally	locally	ADV
arjefm-1157	336	17	and	and	CCONJ
arjefm-1157	336	18	internationally	internationally	ADV
arjefm-1157	336	19	,	,	PUNCT
arjefm-1157	336	20	and	and	CCONJ
arjefm-1157	336	21	adequate	adequate	ADJ
arjefm-1157	336	22	monetary	monetary	ADJ
arjefm-1157	336	23	policy	policy	NOUN
arjefm-1157	336	24	objectives	objective	NOUN
arjefm-1157	336	25	that	that	PRON
arjefm-1157	336	26	will	will	AUX
arjefm-1157	336	27	aid	aid	VERB
arjefm-1157	336	28	liquidity	liquidity	NOUN
arjefm-1157	336	29	management	management	NOUN
arjefm-1157	336	30	.	.	PUNCT
arjefm-1157	337	1	we	we	PRON
arjefm-1157	337	2	therefore	therefore	ADV
arjefm-1157	337	3	conclude	conclude	VERB
arjefm-1157	337	4	that	that	SCONJ
arjefm-1157	337	5	,	,	PUNCT
arjefm-1157	337	6	huge	huge	ADJ
arjefm-1157	337	7	capital	capital	NOUN
arjefm-1157	337	8	inflows	inflow	NOUN
arjefm-1157	337	9	frequently	frequently	ADV
arjefm-1157	337	10	are	be	AUX
arjefm-1157	337	11	connected	connect	VERB
arjefm-1157	337	12	with	with	ADP
arjefm-1157	337	13	inflationary	inflationary	ADJ
arjefm-1157	337	14	pressures	pressure	NOUN
arjefm-1157	337	15	that	that	PRON
arjefm-1157	337	16	retard	retard	VERB
arjefm-1157	337	17	growth	growth	NOUN
arjefm-1157	337	18	and	and	CCONJ
arjefm-1157	337	19	development	development	NOUN
arjefm-1157	337	20	.	.	PUNCT
arjefm-1157	338	1	literatures	literature	NOUN
arjefm-1157	338	2	opined	opine	VERB
arjefm-1157	338	3	that	that	SCONJ
arjefm-1157	338	4	huge	huge	ADJ
arjefm-1157	338	5	capital	capital	NOUN
arjefm-1157	338	6	inflows	inflow	NOUN
arjefm-1157	338	7	may	may	AUX
arjefm-1157	338	8	also	also	ADV
arjefm-1157	338	9	lead	lead	VERB
arjefm-1157	338	10	to	to	ADP
arjefm-1157	338	11	stock	stock	NOUN
arjefm-1157	338	12	market	market	NOUN
arjefm-1157	338	13	bubbles	bubble	NOUN
arjefm-1157	338	14	and	and	CCONJ
arjefm-1157	338	15	this	this	PRON
arjefm-1157	338	16	in	in	ADP
arjefm-1157	338	17	turn	turn	NOUN
arjefm-1157	338	18	leads	lead	VERB
arjefm-1157	338	19	to	to	ADP
arjefm-1157	338	20	an	an	DET
arjefm-1157	338	21	extreme	extreme	ADJ
arjefm-1157	338	22	expansion	expansion	NOUN
arjefm-1157	338	23	in	in	ADP
arjefm-1157	338	24	internal	internal	ADJ
arjefm-1157	338	25	credit	credit	NOUN
arjefm-1157	338	26	which	which	PRON
arjefm-1157	338	27	will	will	AUX
arjefm-1157	338	28	again	again	ADV
arjefm-1157	338	29	jeopardize	jeopardize	VERB
arjefm-1157	338	30	the	the	DET
arjefm-1157	338	31	stability	stability	NOUN
arjefm-1157	338	32	of	of	ADP
arjefm-1157	338	33	the	the	DET
arjefm-1157	338	34	financial	financial	ADJ
arjefm-1157	338	35	system	system	NOUN
arjefm-1157	338	36	.	.	PUNCT
arjefm-1157	339	1	the	the	DET
arjefm-1157	339	2	capital	capital	NOUN
arjefm-1157	339	3	inflows	inflow	NOUN
arjefm-1157	339	4	in	in	ADP
arjefm-1157	339	5	nigeria	nigeria	PROPN
arjefm-1157	339	6	in	in	ADP
arjefm-1157	339	7	the	the	DET
arjefm-1157	339	8	short	short	ADJ
arjefm-1157	339	9	term	term	NOUN
arjefm-1157	339	10	intensify	intensify	VERB
arjefm-1157	339	11	the	the	DET
arjefm-1157	339	12	problems	problem	NOUN
arjefm-1157	339	13	of	of	ADP
arjefm-1157	339	14	the	the	DET
arjefm-1157	339	15	financial	financial	ADJ
arjefm-1157	339	16	market	market	NOUN
arjefm-1157	339	17	.	.	PUNCT
arjefm-1157	340	1	therefore	therefore	ADV
arjefm-1157	340	2	,	,	PUNCT
arjefm-1157	340	3	for	for	SCONJ
arjefm-1157	340	4	the	the	DET
arjefm-1157	340	5	capital	capital	NOUN
arjefm-1157	340	6	flows	flow	VERB
arjefm-1157	340	7	to	to	PART
arjefm-1157	340	8	be	be	AUX
arjefm-1157	340	9	effectively	effectively	ADV
arjefm-1157	340	10	strengthened	strengthen	VERB
arjefm-1157	340	11	and	and	CCONJ
arjefm-1157	340	12	enhanced	enhance	VERB
arjefm-1157	340	13	key	key	ADJ
arjefm-1157	340	14	and	and	CCONJ
arjefm-1157	340	15	sound	sound	ADJ
arjefm-1157	340	16	macroeconomic	macroeconomic	ADJ
arjefm-1157	340	17	policies	policy	NOUN
arjefm-1157	340	18	as	as	SCONJ
arjefm-1157	340	19	stated	state	VERB
arjefm-1157	340	20	in	in	ADP
arjefm-1157	340	21	the	the	DET
arjefm-1157	340	22	models	model	NOUN
arjefm-1157	340	23	should	should	AUX
arjefm-1157	340	24	be	be	AUX
arjefm-1157	340	25	promoted	promote	VERB
arjefm-1157	340	26	.	.	PUNCT
arjefm-1157	341	1	nations	nation	NOUN
arjefm-1157	341	2	with	with	ADP
arjefm-1157	341	3	sound	sound	ADJ
arjefm-1157	341	4	macroeconomic	macroeconomic	ADJ
arjefm-1157	341	5	policies	policy	NOUN
arjefm-1157	341	6	and	and	CCONJ
arjefm-1157	341	7	quality	quality	NOUN
arjefm-1157	341	8	institutions	institution	NOUN
arjefm-1157	341	9	are	be	AUX
arjefm-1157	341	10	the	the	DET
arjefm-1157	341	11	countries	country	NOUN
arjefm-1157	341	12	benefiting	benefit	VERB
arjefm-1157	341	13	from	from	ADP
arjefm-1157	341	14	this	this	DET
arjefm-1157	341	15	capital	capital	NOUN
arjefm-1157	341	16	flow	flow	NOUN
arjefm-1157	341	17	.	.	PUNCT
arjefm-1157	342	1	the	the	DET
arjefm-1157	342	2	reason	reason	NOUN
arjefm-1157	342	3	for	for	ADP
arjefm-1157	342	4	this	this	DET
arjefm-1157	342	5	study	study	NOUN
arjefm-1157	342	6	is	be	AUX
arjefm-1157	342	7	to	to	PART
arjefm-1157	342	8	investigate	investigate	VERB
arjefm-1157	342	9	the	the	DET
arjefm-1157	342	10	factors	factor	NOUN
arjefm-1157	342	11	that	that	PRON
arjefm-1157	342	12	influence	influence	NOUN
arjefm-1157	342	13	capital	capital	NOUN
arjefm-1157	342	14	flows	flow	NOUN
arjefm-1157	342	15	in	in	ADP
arjefm-1157	342	16	nigeria	nigeria	PROPN
arjefm-1157	342	17	and	and	CCONJ
arjefm-1157	342	18	the	the	DET
arjefm-1157	342	19	study	study	NOUN
arjefm-1157	342	20	reveals	reveal	VERB
arjefm-1157	342	21	that	that	SCONJ
arjefm-1157	342	22	foreign	foreign	ADJ
arjefm-1157	342	23	capital	capital	NOUN
arjefm-1157	342	24	inflow	inflow	NOUN
arjefm-1157	342	25	in	in	ADP
arjefm-1157	342	26	nigeria	nigeria	PROPN
arjefm-1157	342	27	is	be	AUX
arjefm-1157	342	28	distinguished	distinguish	VERB
arjefm-1157	342	29	between	between	ADP
arjefm-1157	342	30	short	short	ADJ
arjefm-1157	342	31	run	run	NOUN
arjefm-1157	342	32	and	and	CCONJ
arjefm-1157	342	33	long	long	ADJ
arjefm-1157	342	34	run	run	NOUN
arjefm-1157	342	35	bases	basis	NOUN
arjefm-1157	342	36	.	.	PUNCT
arjefm-1157	343	1	the	the	DET
arjefm-1157	343	2	result	result	NOUN
arjefm-1157	343	3	further	far	ADV
arjefm-1157	343	4	reveals	reveal	VERB
arjefm-1157	343	5	that	that	SCONJ
arjefm-1157	343	6	portfolio	portfolio	NOUN
arjefm-1157	343	7	capital	capital	NOUN
arjefm-1157	343	8	flow	flow	NOUN
arjefm-1157	343	9	in	in	ADP
arjefm-1157	343	10	nigeria	nigeria	PROPN
arjefm-1157	343	11	is	be	AUX
arjefm-1157	343	12	more	more	ADJ
arjefm-1157	343	13	of	of	ADP
arjefm-1157	343	14	short	short	ADJ
arjefm-1157	343	15	term	term	NOUN
arjefm-1157	343	16	than	than	ADP
arjefm-1157	343	17	direct	direct	ADJ
arjefm-1157	343	18	investment	investment	NOUN
arjefm-1157	343	19	capital	capital	NOUN
arjefm-1157	343	20	as	as	SCONJ
arjefm-1157	343	21	seen	see	VERB
arjefm-1157	343	22	in	in	ADP
arjefm-1157	343	23	the	the	DET
arjefm-1157	343	24	result	result	NOUN
arjefm-1157	343	25	where	where	SCONJ
arjefm-1157	343	26	foreign	foreign	ADJ
arjefm-1157	343	27	portfolio	portfolio	NOUN
arjefm-1157	343	28	investment	investment	NOUN
arjefm-1157	343	29	have	have	VERB
arjefm-1157	343	30	a	a	DET
arjefm-1157	343	31	tendency	tendency	NOUN
arjefm-1157	343	32	to	to	PART
arjefm-1157	343	33	produce	produce	VERB
arjefm-1157	343	34	volatile	volatile	ADJ
arjefm-1157	343	35	effects	effect	NOUN
arjefm-1157	343	36	on	on	ADP
arjefm-1157	343	37	short	short	ADJ
arjefm-1157	343	38	term	term	NOUN
arjefm-1157	343	39	financial	financial	ADJ
arjefm-1157	343	40	market	market	NOUN
arjefm-1157	343	41	development	development	NOUN
arjefm-1157	343	42	in	in	ADP
arjefm-1157	343	43	the	the	DET
arjefm-1157	343	44	nigerian	nigerian	ADJ
arjefm-1157	343	45	economy	economy	NOUN
arjefm-1157	343	46	.	.	PUNCT
arjefm-1157	344	1	we	we	PRON
arjefm-1157	344	2	therefore	therefore	ADV
arjefm-1157	344	3	can	can	AUX
arjefm-1157	344	4	conclude	conclude	VERB
arjefm-1157	344	5	that	that	PRON
arjefm-1157	344	6	,	,	PUNCT
arjefm-1157	344	7	the	the	DET
arjefm-1157	344	8	combination	combination	NOUN
arjefm-1157	344	9	of	of	ADP
arjefm-1157	344	10	foreign	foreign	ADJ
arjefm-1157	344	11	portfolio	portfolio	NOUN
arjefm-1157	344	12	investment	investment	NOUN
arjefm-1157	344	13	and	and	CCONJ
arjefm-1157	344	14	that	that	PRON
arjefm-1157	344	15	of	of	ADP
arjefm-1157	344	16	direct	direct	ADJ
arjefm-1157	344	17	investment	investment	NOUN
arjefm-1157	344	18	shows	show	VERB
arjefm-1157	344	19	a	a	DET
arjefm-1157	344	20	means	means	NOUN
arjefm-1157	344	21	of	of	ADP
arjefm-1157	344	22	guaranteeing	guarantee	VERB
arjefm-1157	344	23	more	more	ADV
arjefm-1157	344	24	valuable	valuable	ADJ
arjefm-1157	344	25	operation	operation	NOUN
arjefm-1157	344	26	of	of	ADP
arjefm-1157	344	27	foreign	foreign	ADJ
arjefm-1157	344	28	capital	capital	NOUN
arjefm-1157	344	29	inflows	inflow	NOUN
arjefm-1157	344	30	into	into	ADP
arjefm-1157	344	31	the	the	DET
arjefm-1157	344	32	nigerian	nigerian	ADJ
arjefm-1157	344	33	economy	economy	NOUN
arjefm-1157	344	34	that	that	PRON
arjefm-1157	344	35	will	will	AUX
arjefm-1157	344	36	enhance	enhance	VERB
arjefm-1157	344	37	a	a	DET
arjefm-1157	344	38	desirable	desirable	ADJ
arjefm-1157	344	39	economy	economy	NOUN
arjefm-1157	344	40	.	.	PUNCT
arjefm-1157	345	1	references	reference	NOUN
arjefm-1157	345	2	amassoma	amassoma	PROPN
arjefm-1157	345	3	(	(	PUNCT
arjefm-1157	345	4	2014	2014	NUM
arjefm-1157	345	5	)	)	PUNCT
arjefm-1157	345	6	,	,	PUNCT
arjefm-1157	345	7	foreign	foreign	ADJ
arjefm-1157	345	8	direct	direct	ADJ
arjefm-1157	345	9	investment	investment	NOUN
arjefm-1157	345	10	in	in	ADP
arjefm-1157	345	11	nigeria	nigeria	PROPN
arjefm-1157	345	12	,	,	PUNCT
arjefm-1157	345	13	proceedings	proceeding	NOUN
arjefm-1157	345	14	of	of	ADP
arjefm-1157	345	15	the	the	DET
arjefm-1157	345	16	12th	12th	ADJ
arjefm-1157	345	17	annual	annual	ADJ
arjefm-1157	345	18	conference	conference	NOUN
arjefm-1157	345	19	of	of	ADP
arjefm-1157	345	20	the	the	DET
arjefm-1157	345	21	regional	regional	ADJ
arjefm-1157	345	22	research	research	NOUN
arjefm-1157	345	23	units	unit	NOUN
arjefm-1157	345	24	of	of	ADP
arjefm-1157	345	25	the	the	DET
arjefm-1157	345	26	central	central	ADJ
arjefm-1157	345	27	bank	bank	PROPN
arjefm-1157	345	28	of	of	ADP
arjefm-1157	345	29	nigeria	nigeria	PROPN
arjefm-1157	345	30	,	,	PUNCT
arjefm-1157	345	31	september	september	PROPN
arjefm-1157	345	32	1–5	1–5	NUM
arjefm-1157	345	33	,	,	PUNCT
arjefm-1157	345	34	2014	2014	NUM
arjefm-1157	345	35	pp	pp	NOUN
arjefm-1157	345	36	.	.	PUNCT
arjefm-1157	346	1	227	227	NUM
arjefm-1157	346	2	–	–	SYM
arjefm-1157	346	3	236	236	NUM
arjefm-1157	346	4	.	.	PUNCT
arjefm-1157	347	1	arawomo	arawomo	INTJ
arjefm-1157	347	2	and	and	CCONJ
arjefm-1157	347	3	apanisile	apanisile	ADJ
arjefm-1157	347	4	(	(	PUNCT
arjefm-1157	347	5	2018	2018	NUM
arjefm-1157	347	6	)	)	PUNCT
arjefm-1157	347	7	,	,	PUNCT
arjefm-1157	347	8	an	an	DET
arjefm-1157	347	9	overview	overview	NOUN
arjefm-1157	347	10	of	of	ADP
arjefm-1157	347	11	foreign	foreign	ADJ
arjefm-1157	347	12	private	private	ADJ
arjefm-1157	347	13	investment	investment	NOUN
arjefm-1157	347	14	in	in	ADP
arjefm-1157	347	15	nigeria‖	nigeria‖	PROPN
arjefm-1157	347	16	paper	paper	NOUN
arjefm-1157	347	17	presented	present	VERB
arjefm-1157	347	18	at	at	ADP
arjefm-1157	347	19	the	the	DET
arjefm-1157	347	20	cbn	cbn	PROPN
arjefm-1157	347	21	twelfth	twelfth	ADJ
arjefm-1157	347	22	annual	annual	ADJ
arjefm-1157	347	23	conference	conference	NOUN
arjefm-1157	347	24	of	of	ADP
arjefm-1157	347	25	the	the	DET
arjefm-1157	347	26	regional	regional	ADJ
arjefm-1157	347	27	research	research	NOUN
arjefm-1157	347	28	units	unit	NOUN
arjefm-1157	347	29	on	on	ADP
arjefm-1157	347	30	foreign	foreign	ADJ
arjefm-1157	347	31	private	private	ADJ
arjefm-1157	347	32	investment	investment	NOUN
arjefm-1157	347	33	in	in	ADP
arjefm-1157	347	34	nigeria	nigeria	PROPN
arjefm-1157	347	35	organized	organize	VERB
arjefm-1157	347	36	by	by	ADP
arjefm-1157	347	37	research	research	NOUN
arjefm-1157	347	38	department	department	NOUN
arjefm-1157	347	39	cbn	cbn	VERB
arjefm-1157	347	40	1st5th	1st5th	NUM
arjefm-1157	347	41	september	september	PROPN
arjefm-1157	347	42	2017	2017	NUM
arjefm-1157	347	43	bleaney	bleaney	NOUN
arjefm-1157	347	44	,	,	PUNCT
arjefm-1157	347	45	m.	m.	NOUN
arjefm-1157	347	46	,	,	PUNCT
arjefm-1157	347	47	mizen	mizen	NOUN
arjefm-1157	347	48	p	p	NOUN
arjefm-1157	347	49	and	and	CCONJ
arjefm-1157	347	50	senatla	senatla	ADJ
arjefm-1157	347	51	l	l	NOUN
arjefm-1157	347	52	(	(	PUNCT
arjefm-1157	347	53	1999	1999	NUM
arjefm-1157	347	54	)	)	PUNCT
arjefm-1157	347	55	“	"	PUNCT
arjefm-1157	347	56	portfolio	portfolio	NOUN
arjefm-1157	347	57	capital	capital	NOUN
arjefm-1157	347	58	flows	flow	VERB
arjefm-1157	347	59	to	to	ADP
arjefm-1157	347	60	emerging	emerge	VERB
arjefm-1157	347	61	markets	market	NOUN
arjefm-1157	347	62	”	"	PUNCT
arjefm-1157	347	63	credit	credit	NOUN
arjefm-1157	347	64	research	research	NOUN
arjefm-1157	347	65	paper	paper	NOUN
arjefm-1157	347	66	(	(	PUNCT
arjefm-1157	347	67	99)12	99)12	NUM
arjefm-1157	347	68	.	.	PUNCT
arjefm-1157	348	1	american	american	PROPN
arjefm-1157	348	2	research	research	PROPN
arjefm-1157	348	3	journal	journal	PROPN
arjefm-1157	348	4	of	of	ADP
arjefm-1157	348	5	economics	economic	NOUN
arjefm-1157	348	6	,	,	PUNCT
arjefm-1157	348	7	finance	finance	NOUN
arjefm-1157	348	8	and	and	CCONJ
arjefm-1157	348	9	management	management	NOUN
arjefm-1157	348	10	volume	volume	NOUN
arjefm-1157	348	11	13	13	NUM
arjefm-1157	348	12	issue	issue	NOUN
arjefm-1157	348	13	1	1	NUM
arjefm-1157	348	14	,	,	PUNCT
arjefm-1157	348	15	january	january	PROPN
arjefm-1157	348	16	-	-	PUNCT
arjefm-1157	348	17	march	march	PROPN
arjefm-1157	348	18	2025	2025	NUM
arjefm-1157	348	19	issn	issn	NOUN
arjefm-1157	348	20	:	:	PUNCT
arjefm-1157	348	21	2836	2836	NUM
arjefm-1157	348	22	-	-	SYM
arjefm-1157	348	23	9416	9416	NUM
arjefm-1157	348	24	impact	impact	NOUN
arjefm-1157	348	25	factor	factor	NOUN
arjefm-1157	348	26	:	:	PUNCT
arjefm-1157	348	27	6.41	6.41	NUM
arjefm-1157	348	28	journal	journal	NOUN
arjefm-1157	348	29	homepage	homepage	NOUN
arjefm-1157	348	30	:	:	PUNCT
arjefm-1157	348	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	348	32	,	,	PUNCT
arjefm-1157	348	33	email	email	NOUN
arjefm-1157	348	34	:	:	PUNCT
arjefm-1157	349	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	349	2	official	official	ADJ
arjefm-1157	349	3	journal	journal	PROPN
arjefm-1157	349	4	of	of	ADP
arjefm-1157	349	5	america	america	PROPN
arjefm-1157	349	6	serial	serial	PROPN
arjefm-1157	349	7	publication	publication	NOUN
arjefm-1157	349	8	american	american	PROPN
arjefm-1157	349	9	research	research	PROPN
arjefm-1157	349	10	journal	journal	PROPN
arjefm-1157	349	11	of	of	ADP
arjefm-1157	349	12	economics	economic	NOUN
arjefm-1157	349	13	,	,	PUNCT
arjefm-1157	349	14	finance	finance	NOUN
arjefm-1157	349	15	and	and	CCONJ
arjefm-1157	349	16	management	management	NOUN
arjefm-1157	349	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	349	18	,	,	PUNCT
arjefm-1157	349	19	email	email	NOUN
arjefm-1157	349	20	:	:	PUNCT
arjefm-1157	349	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	350	1	83	83	NUM
arjefm-1157	351	1	|	|	ADV
arjefm-1157	351	2	p	p	X
arjefm-1157	351	3	a	a	DET
arjefm-1157	351	4	g	g	NOUN
arjefm-1157	351	5	e	e	PROPN
arjefm-1157	351	6	central	central	PROPN
arjefm-1157	351	7	bank	bank	PROPN
arjefm-1157	351	8	of	of	ADP
arjefm-1157	351	9	nigeria	nigeria	PROPN
arjefm-1157	351	10	(	(	PUNCT
arjefm-1157	351	11	2009	2009	NUM
arjefm-1157	351	12	):	):	PUNCT
arjefm-1157	351	13	perspectives	perspective	NOUN
arjefm-1157	351	14	on	on	ADP
arjefm-1157	351	15	foreign	foreign	ADJ
arjefm-1157	351	16	direct	direct	ADJ
arjefm-1157	351	17	investment	investment	NOUN
arjefm-1157	351	18	in	in	ADP
arjefm-1157	351	19	nigeria	nigeria	PROPN
arjefm-1157	351	20	annual	annual	ADJ
arjefm-1157	351	21	report	report	NOUN
arjefm-1157	351	22	and	and	CCONJ
arjefm-1157	351	23	statement	statement	NOUN
arjefm-1157	351	24	of	of	ADP
arjefm-1157	351	25	account	account	NOUN
arjefm-1157	351	26	,	,	PUNCT
arjefm-1157	351	27	december	december	PROPN
arjefm-1157	351	28	2008	2008	NUM
arjefm-1157	351	29	.	.	PUNCT
arjefm-1157	352	1	devereux	devereux	PROPN
arjefm-1157	352	2	,	,	PUNCT
arjefm-1157	352	3	m.b	m.b	PROPN
arjefm-1157	352	4	.	.	PROPN
arjefm-1157	352	5	(	(	PUNCT
arjefm-1157	352	6	2006	2006	NUM
arjefm-1157	352	7	)	)	PUNCT
arjefm-1157	352	8	,	,	PUNCT
arjefm-1157	352	9	“	"	PUNCT
arjefm-1157	352	10	a	a	DET
arjefm-1157	352	11	portfolio	portfolio	NOUN
arjefm-1157	352	12	theory	theory	NOUN
arjefm-1157	352	13	of	of	ADP
arjefm-1157	352	14	international	international	ADJ
arjefm-1157	352	15	capital	capital	NOUN
arjefm-1157	352	16	flows	flow	VERB
arjefm-1157	352	17	.	.	PUNCT
arjefm-1157	352	18	”	"	PUNCT
arjefm-1157	352	19	discussion	discussion	NOUN
arjefm-1157	352	20	paper	paper	NOUN
arjefm-1157	352	21	no	no	INTJ
arjefm-1157	352	22	.	.	PROPN
arjefm-1157	352	23	24	24	NUM
arjefm-1157	352	24	,	,	PUNCT
arjefm-1157	352	25	march	march	PROPN
arjefm-1157	352	26	.	.	PUNCT
arjefm-1157	353	1	dornbush	dornbush	NOUN
arjefm-1157	353	2	(	(	PUNCT
arjefm-1157	353	3	1976	1976	NUM
arjefm-1157	353	4	)	)	PUNCT
arjefm-1157	353	5	,	,	PUNCT
arjefm-1157	353	6	what	what	DET
arjefm-1157	353	7	factors	factor	NOUN
arjefm-1157	353	8	appear	appear	VERB
arjefm-1157	353	9	to	to	PART
arjefm-1157	353	10	drive	drive	VERB
arjefm-1157	353	11	private	private	ADJ
arjefm-1157	353	12	capital	capital	NOUN
arjefm-1157	353	13	flows	flow	NOUN
arjefm-1157	353	14	to	to	ADP
arjefm-1157	353	15	developing	develop	VERB
arjefm-1157	353	16	countries	country	NOUN
arjefm-1157	353	17	?	?	PUNCT
arjefm-1157	354	1	and	and	CCONJ
arjefm-1157	354	2	how	how	SCONJ
arjefm-1157	354	3	does	do	AUX
arjefm-1157	354	4	official	official	ADJ
arjefm-1157	354	5	lending	lending	NOUN
arjefm-1157	354	6	respond	respond	VERB
arjefm-1157	354	7	?	?	PUNCT
arjefm-1157	355	1	the	the	DET
arjefm-1157	355	2	world	world	PROPN
arjefm-1157	355	3	bank	bank	PROPN
arjefm-1157	355	4	,	,	PUNCT
arjefm-1157	355	5	policy	policy	NOUN
arjefm-1157	355	6	research	research	NOUN
arjefm-1157	355	7	working	working	NOUN
arjefm-1157	355	8	papers	paper	NOUN
arjefm-1157	355	9	,	,	PUNCT
arjefm-1157	355	10	no	no	INTJ
arjefm-1157	355	11	.	.	NOUN
arjefm-1157	355	12	2392	2392	NUM
arjefm-1157	355	13	.	.	PUNCT
arjefm-1157	356	1	edo	edo	PROPN
arjefm-1157	356	2	(	(	PUNCT
arjefm-1157	356	3	2011	2011	NUM
arjefm-1157	356	4	)	)	PUNCT
arjefm-1157	356	5	,	,	PUNCT
arjefm-1157	356	6	foreign	foreign	ADJ
arjefm-1157	356	7	private	private	ADJ
arjefm-1157	356	8	investment	investment	NOUN
arjefm-1157	356	9	:	:	PUNCT
arjefm-1157	356	10	issues	issue	NOUN
arjefm-1157	356	11	,	,	PUNCT
arjefm-1157	356	12	determinants	determinant	NOUN
arjefm-1157	356	13	and	and	CCONJ
arjefm-1157	356	14	performance	performance	NOUN
arjefm-1157	356	15	.	.	PUNCT
arjefm-1157	357	1	paper	paper	NOUN
arjefm-1157	357	2	presented	present	VERB
arjefm-1157	357	3	at	at	ADP
arjefm-1157	357	4	a	a	DET
arjefm-1157	357	5	workshop	workshop	NOUN
arjefm-1157	357	6	on	on	ADP
arjefm-1157	357	7	foreign	foreign	ADJ
arjefm-1157	357	8	investment	investment	NOUN
arjefm-1157	357	9	policy	policy	NOUN
arjefm-1157	357	10	and	and	CCONJ
arjefm-1157	357	11	practice	practice	NOUN
arjefm-1157	357	12	,	,	PUNCT
arjefm-1157	357	13	nigeria	nigeria	PROPN
arjefm-1157	357	14	institute	institute	PROPN
arjefm-1157	357	15	of	of	ADP
arjefm-1157	357	16	advanced	advanced	ADJ
arjefm-1157	357	17	legal	legal	ADJ
arjefm-1157	357	18	studies	study	NOUN
arjefm-1157	357	19	,	,	PUNCT
arjefm-1157	357	20	lagos	lago	NOUN
arjefm-1157	357	21	.	.	PUNCT
arjefm-1157	358	1	ekine	ekine	NOUN
arjefm-1157	358	2	,	,	PUNCT
arjefm-1157	358	3	dennis	dennis	PROPN
arjefm-1157	358	4	,	,	PUNCT
arjefm-1157	358	5	and	and	CCONJ
arjefm-1157	358	6	charity	charity	NOUN
arjefm-1157	358	7	(	(	PUNCT
arjefm-1157	358	8	2019	2019	NUM
arjefm-1157	358	9	)	)	PUNCT
arjefm-1157	358	10	,	,	PUNCT
arjefm-1157	358	11	direct	direct	ADJ
arjefm-1157	358	12	foreign	foreign	ADJ
arjefm-1157	358	13	investment	investment	NOUN
arjefm-1157	358	14	in	in	ADP
arjefm-1157	358	15	nigeria	nigeria	PROPN
arjefm-1157	358	16	:	:	PUNCT
arjefm-1157	358	17	an	an	DET
arjefm-1157	358	18	empirical	empirical	ADJ
arjefm-1157	358	19	analysis	analysis	NOUN
arjefm-1157	358	20	,	,	PUNCT
arjefm-1157	358	21	african	african	ADJ
arjefm-1157	358	22	studies	study	NOUN
arjefm-1157	358	23	review	review	VERB
arjefm-1157	358	24	30	30	NUM
arjefm-1157	358	25	(	(	PUNCT
arjefm-1157	358	26	1	1	NUM
arjefm-1157	358	27	)	)	PUNCT
arjefm-1157	358	28	,	,	PUNCT
arjefm-1157	358	29	march	march	PROPN
arjefm-1157	358	30	.	.	PUNCT
arjefm-1157	359	1	ekpo	ekpo	PROPN
arjefm-1157	359	2	,	,	PUNCT
arjefm-1157	359	3	a.h	a.h	PROPN
arjefm-1157	359	4	.	.	PROPN
arjefm-1157	359	5	(	(	PUNCT
arjefm-1157	359	6	1997	1997	NUM
arjefm-1157	359	7	)	)	PUNCT
arjefm-1157	359	8	.	.	PUNCT
arjefm-1157	360	1	determinants	determinant	NOUN
arjefm-1157	360	2	of	of	ADP
arjefm-1157	360	3	foreign	foreign	ADJ
arjefm-1157	360	4	direct	direct	ADJ
arjefm-1157	360	5	investment	investment	NOUN
arjefm-1157	360	6	in	in	ADP
arjefm-1157	360	7	nigeria	nigeria	PROPN
arjefm-1157	360	8	:	:	PUNCT
arjefm-1157	360	9	evidence	evidence	NOUN
arjefm-1157	360	10	from	from	ADP
arjefm-1157	360	11	time	time	PROPN
arjefm-1157	360	12	series	series	PROPN
arjefm-1157	360	13	data	data	PROPN
arjefm-1157	360	14	.	.	PUNCT
arjefm-1157	361	1	cbn	cbn	PROPN
arjefm-1157	361	2	economic	economic	ADJ
arjefm-1157	361	3	and	and	CCONJ
arjefm-1157	361	4	financial	financial	ADJ
arjefm-1157	361	5	review	review	NOUN
arjefm-1157	361	6	,	,	PUNCT
arjefm-1157	361	7	.35	.35	NUM
arjefm-1157	361	8	(	(	PUNCT
arjefm-1157	361	9	1	1	NUM
arjefm-1157	361	10	):	):	PUNCT
arjefm-1157	361	11	59	59	NUM
arjefm-1157	361	12	-	-	SYM
arjefm-1157	361	13	78	78	NUM
arjefm-1157	361	14	.	.	PUNCT
arjefm-1157	362	1	engle	engle	PROPN
arjefm-1157	362	2	,	,	PUNCT
arjefm-1157	362	3	r.f	r.f	PROPN
arjefm-1157	362	4	.	.	PROPN
arjefm-1157	362	5	,	,	PUNCT
arjefm-1157	362	6	and	and	CCONJ
arjefm-1157	362	7	c.w.j	c.w.j	NOUN
arjefm-1157	362	8	.	.	PUNCT
arjefm-1157	363	1	granger	granger	PROPN
arjefm-1157	363	2	,	,	PUNCT
arjefm-1157	363	3	(	(	PUNCT
arjefm-1157	363	4	1987	1987	NUM
arjefm-1157	363	5	)	)	PUNCT
arjefm-1157	363	6	“	"	PUNCT
arjefm-1157	363	7	co	co	NOUN
arjefm-1157	363	8	-	-	NOUN
arjefm-1157	363	9	integration	integration	NOUN
arjefm-1157	363	10	and	and	CCONJ
arjefm-1157	363	11	error	error	NOUN
arjefm-1157	363	12	correction	correction	NOUN
arjefm-1157	363	13	:	:	PUNCT
arjefm-1157	363	14	representation	representation	NOUN
arjefm-1157	363	15	,	,	PUNCT
arjefm-1157	363	16	estimation	estimation	NOUN
arjefm-1157	363	17	and	and	CCONJ
arjefm-1157	363	18	testing	testing	NOUN
arjefm-1157	363	19	”	"	PUNCT
arjefm-1157	363	20	,	,	PUNCT
arjefm-1157	363	21	econometrica	econometrica	PROPN
arjefm-1157	363	22	,	,	PUNCT
arjefm-1157	363	23	1987	1987	NUM
arjefm-1157	363	24	,	,	PUNCT
arjefm-1157	363	25	55	55	NUM
arjefm-1157	363	26	,	,	PUNCT
arjefm-1157	363	27	pp.251	pp.251	PROPN
arjefm-1157	363	28	-	-	PUNCT
arjefm-1157	363	29	276	276	PROPN
arjefm-1157	363	30	.	.	PUNCT
arjefm-1157	364	1	hau	hau	PROPN
arjefm-1157	364	2	,	,	PUNCT
arjefm-1157	364	3	h.	h.	PROPN
arjefm-1157	364	4	and	and	CCONJ
arjefm-1157	364	5	h.	h.	PROPN
arjefm-1157	364	6	rey	rey	PROPN
arjefm-1157	364	7	,	,	PUNCT
arjefm-1157	364	8	(	(	PUNCT
arjefm-1157	364	9	2006	2006	NUM
arjefm-1157	364	10	)	)	PUNCT
arjefm-1157	364	11	,	,	PUNCT
arjefm-1157	364	12	exchange	exchange	NOUN
arjefm-1157	364	13	rates	rate	NOUN
arjefm-1157	364	14	,	,	PUNCT
arjefm-1157	364	15	equity	equity	NOUN
arjefm-1157	364	16	prices	price	NOUN
arjefm-1157	364	17	and	and	CCONJ
arjefm-1157	364	18	capital	capital	NOUN
arjefm-1157	364	19	flows	flow	NOUN
arjefm-1157	364	20	.	.	PUNCT
arjefm-1157	365	1	review	review	NOUN
arjefm-1157	365	2	of	of	ADP
arjefm-1157	365	3	financial	financial	ADJ
arjefm-1157	365	4	studies	study	NOUN
arjefm-1157	365	5	,	,	PUNCT
arjefm-1157	365	6	19	19	NUM
arjefm-1157	365	7	(	(	PUNCT
arjefm-1157	365	8	1	1	NUM
arjefm-1157	365	9	)	)	PUNCT
arjefm-1157	365	10	,	,	PUNCT
arjefm-1157	365	11	pp	pp	PROPN
arjefm-1157	365	12	.	.	PUNCT
arjefm-1157	366	1	273	273	NUM
arjefm-1157	366	2	-	-	SYM
arjefm-1157	366	3	317	317	NUM
arjefm-1157	366	4	.	.	PUNCT
arjefm-1157	367	1	kim	kim	PROPN
arjefm-1157	367	2	,	,	PUNCT
arjefm-1157	367	3	y.	y.	PROPN
arjefm-1157	367	4	(	(	PUNCT
arjefm-1157	367	5	2000	2000	NUM
arjefm-1157	367	6	)	)	PUNCT
arjefm-1157	367	7	.	.	PUNCT
arjefm-1157	368	1	causes	cause	NOUN
arjefm-1157	368	2	of	of	ADP
arjefm-1157	368	3	capital	capital	NOUN
arjefm-1157	368	4	flows	flow	NOUN
arjefm-1157	368	5	in	in	ADP
arjefm-1157	368	6	developing	develop	VERB
arjefm-1157	368	7	countries	country	NOUN
arjefm-1157	368	8	.	.	PUNCT
arjefm-1157	369	1	journal	journal	PROPN
arjefm-1157	369	2	of	of	ADP
arjefm-1157	369	3	international	international	ADJ
arjefm-1157	369	4	money	money	NOUN
arjefm-1157	369	5	and	and	CCONJ
arjefm-1157	369	6	finance	finance	NOUN
arjefm-1157	369	7	:	:	PUNCT
arjefm-1157	369	8	(	(	PUNCT
arjefm-1157	369	9	1)9	1)9	X
arjefm-1157	369	10	.	.	PUNCT
arjefm-1157	369	11	leiderman	leiderman	PROPN
arjefm-1157	369	12	and	and	CCONJ
arjefm-1157	369	13	reinhart	reinhart	PROPN
arjefm-1157	369	14	(	(	PUNCT
arjefm-1157	369	15	1993	1993	NUM
arjefm-1157	369	16	)	)	PUNCT
arjefm-1157	369	17	,	,	PUNCT
arjefm-1157	369	18	the	the	DET
arjefm-1157	369	19	procyclicality	procyclicality	NOUN
arjefm-1157	369	20	of	of	ADP
arjefm-1157	369	21	capital	capital	NOUN
arjefm-1157	369	22	flows	flow	NOUN
arjefm-1157	369	23	to	to	ADP
arjefm-1157	369	24	developing	develop	VERB
arjefm-1157	369	25	countries	country	NOUN
arjefm-1157	369	26	.	.	PUNCT
arjefm-1157	370	1	harvard	harvard	PROPN
arjefm-1157	370	2	university	university	PROPN
arjefm-1157	370	3	.	.	PUNCT
arjefm-1157	371	1	harvard	harvard	PROPN
arjefm-1157	371	2	american	american	PROPN
arjefm-1157	371	3	research	research	PROPN
arjefm-1157	371	4	journal	journal	PROPN
arjefm-1157	371	5	of	of	ADP
arjefm-1157	371	6	economics	economic	NOUN
arjefm-1157	371	7	,	,	PUNCT
arjefm-1157	371	8	finance	finance	NOUN
arjefm-1157	371	9	and	and	CCONJ
arjefm-1157	371	10	management	management	NOUN
arjefm-1157	371	11	volume	volume	NOUN
arjefm-1157	371	12	13	13	NUM
arjefm-1157	371	13	issue	issue	NOUN
arjefm-1157	371	14	1	1	NUM
arjefm-1157	371	15	,	,	PUNCT
arjefm-1157	371	16	january	january	PROPN
arjefm-1157	371	17	-	-	PUNCT
arjefm-1157	371	18	march	march	PROPN
arjefm-1157	371	19	2025	2025	NUM
arjefm-1157	371	20	issn	issn	NOUN
arjefm-1157	371	21	:	:	PUNCT
arjefm-1157	371	22	2836	2836	NUM
arjefm-1157	371	23	-	-	SYM
arjefm-1157	371	24	9416	9416	NUM
arjefm-1157	371	25	impact	impact	NOUN
arjefm-1157	371	26	factor	factor	NOUN
arjefm-1157	371	27	:	:	PUNCT
arjefm-1157	371	28	6.41	6.41	NUM
arjefm-1157	371	29	journal	journal	NOUN
arjefm-1157	371	30	homepage	homepage	NOUN
arjefm-1157	371	31	:	:	PUNCT
arjefm-1157	371	32	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	371	33	,	,	PUNCT
arjefm-1157	371	34	email	email	NOUN
arjefm-1157	371	35	:	:	PUNCT
arjefm-1157	372	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1157	372	2	official	official	ADJ
arjefm-1157	372	3	journal	journal	PROPN
arjefm-1157	372	4	of	of	ADP
arjefm-1157	372	5	america	america	PROPN
arjefm-1157	372	6	serial	serial	PROPN
arjefm-1157	372	7	publication	publication	NOUN
arjefm-1157	372	8	american	american	PROPN
arjefm-1157	372	9	research	research	PROPN
arjefm-1157	372	10	journal	journal	PROPN
arjefm-1157	372	11	of	of	ADP
arjefm-1157	372	12	economics	economic	NOUN
arjefm-1157	372	13	,	,	PUNCT
arjefm-1157	372	14	finance	finance	NOUN
arjefm-1157	372	15	and	and	CCONJ
arjefm-1157	372	16	management	management	NOUN
arjefm-1157	372	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1157	372	18	,	,	PUNCT
arjefm-1157	372	19	email	email	NOUN
arjefm-1157	372	20	:	:	PUNCT
arjefm-1157	372	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1157	373	1	84	84	NUM
arjefm-1157	374	1	|	|	ADV
arjefm-1157	374	2	p	p	X
arjefm-1157	374	3	a	a	DET
arjefm-1157	374	4	g	g	NOUN
arjefm-1157	374	5	e	e	PROPN
arjefm-1157	374	6	mody	mody	NOUN
arjefm-1157	374	7	a.	a.	NOUN
arjefm-1157	374	8	and	and	CCONJ
arjefm-1157	374	9	murshid	murshid	PROPN
arjefm-1157	374	10	,	,	PUNCT
arjefm-1157	374	11	a	a	DET
arjefm-1157	374	12	(	(	PUNCT
arjefm-1157	374	13	2005	2005	NUM
arjefm-1157	374	14	)	)	PUNCT
arjefm-1157	374	15	,	,	PUNCT
arjefm-1157	374	16	growing	grow	VERB
arjefm-1157	374	17	up	up	ADP
arjefm-1157	374	18	with	with	ADP
arjefm-1157	374	19	capital	capital	NOUN
arjefm-1157	374	20	flows	flow	NOUN
arjefm-1157	374	21	.	.	PUNCT
arjefm-1157	375	1	journal	journal	PROPN
arjefm-1157	375	2	of	of	ADP
arjefm-1157	375	3	international	international	ADJ
arjefm-1157	375	4	economics	economic	NOUN
arjefm-1157	375	5	,	,	PUNCT
arjefm-1157	375	6	65	65	NUM
arjefm-1157	375	7	,	,	PUNCT
arjefm-1157	375	8	pp	pp	ADJ
arjefm-1157	375	9	.	.	PUNCT
arjefm-1157	376	1	249	249	NUM
arjefm-1157	376	2	-	-	SYM
arjefm-1157	376	3	266	266	NUM
arjefm-1157	376	4	.	.	PUNCT
arjefm-1157	377	1	mokuolu	mokuolu	PROPN
arjefm-1157	377	2	's	's	PART
arjefm-1157	377	3	(	(	PUNCT
arjefm-1157	377	4	2018	2018	NUM
arjefm-1157	377	5	)	)	PUNCT
arjefm-1157	377	6	,	,	PUNCT
arjefm-1157	377	7	increasing	increase	VERB
arjefm-1157	377	8	private	private	ADJ
arjefm-1157	377	9	capital	capital	NOUN
arjefm-1157	377	10	flows	flow	NOUN
arjefm-1157	377	11	to	to	ADP
arjefm-1157	377	12	developing	develop	VERB
arjefm-1157	377	13	countries	country	NOUN
arjefm-1157	377	14	:	:	PUNCT
arjefm-1157	377	15	‘	'	PUNCT
arjefm-1157	377	16	the	the	DET
arjefm-1157	377	17	role	role	NOUN
arjefm-1157	377	18	of	of	ADP
arjefm-1157	377	19	physical	physical	ADJ
arjefm-1157	377	20	and	and	CCONJ
arjefm-1157	377	21	financial	financial	ADJ
arjefm-1157	377	22	infrastructure	infrastructure	NOUN
arjefm-1157	377	23	in	in	ADP
arjefm-1157	377	24	58	58	NUM
arjefm-1157	377	25	countries	country	NOUN
arjefm-1157	377	26	.	.	PUNCT
arjefm-1157	378	1	journal	journal	NOUN
arjefm-1157	378	2	of	of	ADP
arjefm-1157	378	3	applied	apply	VERB
arjefm-1157	378	4	econometrics	econometric	NOUN
arjefm-1157	378	5	and	and	CCONJ
arjefm-1157	378	6	international	international	ADJ
arjefm-1157	378	7	development	development	NOUN
arjefm-1157	378	8	(	(	PUNCT
arjefm-1157	378	9	10)2	10)2	NUM
arjefm-1157	378	10	pp	pp	NOUN
arjefm-1157	378	11	.	.	PUNCT
arjefm-1157	379	1	57	57	NUM
arjefm-1157	379	2	-	-	SYM
arjefm-1157	379	3	72	72	NUM
arjefm-1157	379	4	ntim	ntim	NOUN
arjefm-1157	379	5	and	and	CCONJ
arjefm-1157	379	6	emilia	emilia	PROPN
arjefm-1157	379	7	(	(	PUNCT
arjefm-1157	379	8	2014	2014	NUM
arjefm-1157	379	9	)	)	PUNCT
arjefm-1157	379	10	,	,	PUNCT
arjefm-1157	379	11	foreign	foreign	ADJ
arjefm-1157	379	12	capital	capital	NOUN
arjefm-1157	379	13	flows	flow	NOUN
arjefm-1157	379	14	and	and	CCONJ
arjefm-1157	379	15	external	external	ADJ
arjefm-1157	379	16	debt	debt	NOUN
arjefm-1157	379	17	:	:	PUNCT
arjefm-1157	379	18	perspective	perspective	NOUN
arjefm-1157	379	19	on	on	ADP
arjefm-1157	379	20	nigeria	nigeria	PROPN
arjefm-1157	379	21	and	and	CCONJ
arjefm-1157	379	22	the	the	DET
arjefm-1157	379	23	ldcs	ldcs	ADJ
arjefm-1157	379	24	groups	group	NOUN
arjefm-1157	379	25	.	.	PUNCT
arjefm-1157	380	1	lagos	lago	NOUN
arjefm-1157	380	2	,	,	PUNCT
arjefm-1157	380	3	broadway	broadway	PROPN
arjefm-1157	380	4	press	press	PROPN
arjefm-1157	380	5	ltd	ltd	PROPN
arjefm-1157	380	6	.	.	PROPN
arjefm-1157	380	7	odili	odili	NOUN
arjefm-1157	380	8	(	(	PUNCT
arjefm-1157	380	9	2015	2015	NUM
arjefm-1157	380	10	)	)	PUNCT
arjefm-1157	380	11	,	,	PUNCT
arjefm-1157	380	12	exchange	exchange	NOUN
arjefm-1157	380	13	rate	rate	NOUN
arjefm-1157	380	14	volatility	volatility	NOUN
arjefm-1157	380	15	and	and	CCONJ
arjefm-1157	380	16	foreign	foreign	ADJ
arjefm-1157	380	17	direct	direct	ADJ
arjefm-1157	380	18	investment	investment	NOUN
arjefm-1157	380	19	inflows	inflow	NOUN
arjefm-1157	380	20	in	in	ADP
arjefm-1157	380	21	selected	select	VERB
arjefm-1157	380	22	sub	sub	ADJ
arjefm-1157	380	23	-	-	ADJ
arjefm-1157	380	24	saharan	saharan	ADJ
arjefm-1157	380	25	countries	country	NOUN
arjefm-1157	380	26	.	.	PUNCT
arjefm-1157	381	1	university	university	NOUN
arjefm-1157	381	2	of	of	ADP
arjefm-1157	381	3	ibadan	ibadan	PROPN
arjefm-1157	381	4	,	,	PUNCT
arjefm-1157	381	5	7th	7th	ADJ
arjefm-1157	381	6	dissertation	dissertation	NOUN
arjefm-1157	381	7	.	.	PUNCT
arjefm-1157	382	1	omorokunwa	omorokunwa	PROPN
arjefm-1157	382	2	and	and	CCONJ
arjefm-1157	382	3	ikponmwosa	ikponmwosa	NOUN
arjefm-1157	382	4	(	(	PUNCT
arjefm-1157	382	5	2014	2014	NUM
arjefm-1157	382	6	)	)	PUNCT
arjefm-1157	382	7	“	"	PUNCT
arjefm-1157	382	8	investment	investment	NOUN
arjefm-1157	382	9	in	in	ADP
arjefm-1157	382	10	the	the	DET
arjefm-1157	382	11	growth	growth	NOUN
arjefm-1157	382	12	process	process	NOUN
arjefm-1157	382	13	:	:	PUNCT
arjefm-1157	382	14	a	a	DET
arjefm-1157	382	15	measure	measure	NOUN
arjefm-1157	382	16	of	of	ADP
arjefm-1157	382	17	economists‟	economists‟	ADV
arjefm-1157	382	18	ignorance	ignorance	NOUN
arjefm-1157	382	19	in	in	ADP
arjefm-1157	382	20	africa	africa	PROPN
arjefm-1157	382	21	”	"	PUNCT
arjefm-1157	382	22	nigerian	nigerian	PROPN
arjefm-1157	382	23	economic	economic	ADJ
arjefm-1157	382	24	society	society	PROPN
arjefm-1157	382	25	annual	annual	ADJ
arjefm-1157	382	26	conference	conference	NOUN
arjefm-1157	382	27	osinubi	osinubi	ADV
arjefm-1157	382	28	and	and	CCONJ
arjefm-1157	382	29	amaghionyeodiwe	amaghionyeodiwe	ADJ
arjefm-1157	382	30	(	(	PUNCT
arjefm-1157	382	31	2009	2009	NUM
arjefm-1157	382	32	)	)	PUNCT
arjefm-1157	382	33	,	,	PUNCT
arjefm-1157	382	34	nigeria	nigeria	PROPN
arjefm-1157	382	35	’s	’s	PART
arjefm-1157	382	36	financial	financial	ADJ
arjefm-1157	382	37	system	system	NOUN
arjefm-1157	382	38	strategy	strategy	NOUN
arjefm-1157	382	39	2020	2020	NUM
arjefm-1157	383	1	plan‖	plan‖	PROPN
arjefm-1157	383	2	paper	paper	NOUN
arjefm-1157	383	3	by	by	ADP
arjefm-1157	383	4	the	the	DET
arjefm-1157	383	5	governor	governor	NOUN
arjefm-1157	383	6	,	,	PUNCT
arjefm-1157	383	7	central	central	ADJ
arjefm-1157	383	8	bank	bank	NOUN
arjefm-1157	383	9	of	of	ADP
arjefm-1157	383	10	nigeria	nigeria	PROPN
arjefm-1157	383	11	at	at	ADP
arjefm-1157	383	12	the	the	DET
arjefm-1157	383	13	fss	fss	PROPN
arjefm-1157	383	14	international	international	PROPN
arjefm-1157	383	15	conference	conference	NOUN
arjefm-1157	383	16	,	,	PUNCT
arjefm-1157	383	17	abujanigeria	abujanigeria	PROPN
arjefm-1157	383	18	.	.	PUNCT
arjefm-1157	384	1	rasaq	rasaq	NOUN
arjefm-1157	384	2	(	(	PUNCT
arjefm-1157	384	3	2013	2013	NUM
arjefm-1157	384	4	)	)	PUNCT
arjefm-1157	384	5	,	,	PUNCT
arjefm-1157	384	6	an	an	DET
arjefm-1157	384	7	econometric	econometric	ADJ
arjefm-1157	384	8	investigation	investigation	NOUN
arjefm-1157	384	9	of	of	ADP
arjefm-1157	384	10	the	the	DET
arjefm-1157	384	11	determinants	determinant	NOUN
arjefm-1157	384	12	of	of	ADP
arjefm-1157	384	13	foreign	foreign	ADJ
arjefm-1157	384	14	investment	investment	NOUN
arjefm-1157	384	15	for	for	ADP
arjefm-1157	384	16	economic	economic	ADJ
arjefm-1157	384	17	development	development	NOUN
arjefm-1157	384	18	in	in	ADP
arjefm-1157	384	19	nigeria	nigeria	PROPN
arjefm-1157	384	20	by	by	ADP
arjefm-1157	384	21	nigerian	nigerian	ADJ
arjefm-1157	384	22	economic	economic	ADJ
arjefm-1157	384	23	society	society	NOUN
arjefm-1157	384	24	,	,	PUNCT
arjefm-1157	384	25	ibadan	ibadan	PROPN
arjefm-1157	384	26	:	:	PUNCT
arjefm-1157	384	27	219	219	NUM
arjefm-1157	384	28	-	-	SYM
arjefm-1157	384	29	241	241	NUM
arjefm-1157	384	30	saviour	saviour	NOUN
arjefm-1157	384	31	,	,	PUNCT
arjefm-1157	384	32	ekpe	ekpe	PROPN
arjefm-1157	384	33	&	&	CCONJ
arjefm-1157	384	34	salamat	salamat	PROPN
arjefm-1157	384	35	(	(	PUNCT
arjefm-1157	384	36	2023	2023	NUM
arjefm-1157	384	37	)	)	PUNCT
arjefm-1157	384	38	,	,	PUNCT
arjefm-1157	384	39	impact	impact	NOUN
arjefm-1157	384	40	of	of	ADP
arjefm-1157	384	41	monetary	monetary	ADJ
arjefm-1157	384	42	policy	policy	NOUN
arjefm-1157	384	43	on	on	ADP
arjefm-1157	384	44	real	real	ADJ
arjefm-1157	384	45	exchange	exchange	NOUN
arjefm-1157	384	46	rate	rate	NOUN
arjefm-1157	384	47	volatility	volatility	NOUN
arjefm-1157	384	48	in	in	ADP
arjefm-1157	384	49	nigeria	nigeria	PROPN
arjefm-1157	384	50	.	.	PUNCT
arjefm-1157	385	1	social	social	ADJ
arjefm-1157	385	2	sciences	sciences	PROPN
arjefm-1157	385	3	and	and	CCONJ
arjefm-1157	385	4	management	management	NOUN
arjefm-1157	385	5	international	international	ADJ
arjefm-1157	385	6	journal	journal	NOUN
arjefm-1157	385	7	(	(	PUNCT
arjefm-1157	385	8	4	4	NUM
arjefm-1157	385	9	)	)	PUNCT
arjefm-1157	385	10	3	3	NUM
arjefm-1157	385	11	,	,	PUNCT
arjefm-1157	385	12	eleviv	eleviv	NOUN
arjefm-1157	385	13	publishing	publishing	NOUN
arjefm-1157	385	14	group	group	NOUN
arjefm-1157	385	15	,	,	PUNCT
arjefm-1157	385	16	us	us	PROPN
arjefm-1157	385	17	saviour	saviour	NOUN
arjefm-1157	385	18	,	,	PUNCT
arjefm-1157	385	19	ferdinand	ferdinand	PROPN
arjefm-1157	385	20	and	and	CCONJ
arjefm-1157	385	21	jacob	jacob	PROPN
arjefm-1157	385	22	(	(	PUNCT
arjefm-1157	385	23	2022	2022	NUM
arjefm-1157	385	24	)	)	PUNCT
arjefm-1157	385	25	,	,	PUNCT
arjefm-1157	385	26	effects	effect	NOUN
arjefm-1157	385	27	of	of	ADP
arjefm-1157	385	28	selected	select	VERB
arjefm-1157	385	29	macroeconomic	macroeconomic	ADJ
arjefm-1157	385	30	variables	variable	NOUN
arjefm-1157	385	31	on	on	ADP
arjefm-1157	385	32	stock	stock	NOUN
arjefm-1157	385	33	market	market	NOUN
arjefm-1157	385	34	performance	performance	NOUN
arjefm-1157	385	35	in	in	ADP
arjefm-1157	385	36	nigeria	nigeria	PROPN
arjefm-1157	385	37	.	.	PUNCT
arjefm-1157	386	1	malaysian	malaysian	PROPN
arjefm-1157	386	2	e	e	PROPN
arjefm-1157	386	3	commerce	commerce	PROPN
arjefm-1157	386	4	journal	journal	PROPN
arjefm-1157	386	5	(	(	PUNCT
arjefm-1157	386	6	mecj	mecj	PROPN
arjefm-1157	386	7	)	)	PUNCT
arjefm-1157	386	8	6(2	6(2	NUM
arjefm-1157	386	9	)	)	PUNCT
arjefm-1157	386	10	(	(	PUNCT
arjefm-1157	386	11	2022	2022	NUM
arjefm-1157	386	12	)	)	PUNCT
arjefm-1157	386	13	29	29	NUM
arjefm-1157	386	14	-	-	SYM
arjefm-1157	386	15	33	33	NUM
arjefm-1157	386	16	smadi	smadi	NOUN
arjefm-1157	386	17	,	,	PUNCT
arjefm-1157	386	18	2018	2018	NUM
arjefm-1157	386	19	,	,	PUNCT
arjefm-1157	386	20	financial	financial	ADJ
arjefm-1157	386	21	centers	center	NOUN
arjefm-1157	386	22	and	and	CCONJ
arjefm-1157	386	23	the	the	DET
arjefm-1157	386	24	geography	geography	NOUN
arjefm-1157	386	25	of	of	ADP
arjefm-1157	386	26	capital	capital	NOUN
arjefm-1157	386	27	flows	flow	NOUN
arjefm-1157	386	28	.	.	PUNCT
arjefm-1157	387	1	international	international	ADJ
arjefm-1157	387	2	finance	finance	NOUN
arjefm-1157	387	3	,	,	PUNCT
arjefm-1157	387	4	6	6	NUM
arjefm-1157	387	5	,	,	PUNCT
arjefm-1157	387	6	pp	pp	ADJ
arjefm-1157	387	7	.	.	PUNCT
arjefm-1157	388	1	27	27	NUM
arjefm-1157	388	2	-	-	SYM
arjefm-1157	388	3	59	59	NUM
arjefm-1157	388	4	.	.	PUNCT
arjefm-1157	389	1	soumyananda	soumyananda	PROPN
arjefm-1157	389	2	(	(	PUNCT
arjefm-1157	389	3	2014	2014	NUM
arjefm-1157	389	4	)	)	PUNCT
arjefm-1157	389	5	,	,	PUNCT
arjefm-1157	389	6	portfolio	portfolio	NOUN
arjefm-1157	389	7	investment	investment	NOUN
arjefm-1157	389	8	flows	flow	VERB
arjefm-1157	389	9	to	to	ADP
arjefm-1157	389	10	asia	asia	PROPN
arjefm-1157	389	11	and	and	CCONJ
arjefm-1157	389	12	latin	latin	PROPN
arjefm-1157	389	13	america	america	PROPN
arjefm-1157	389	14	:	:	PUNCT
arjefm-1157	389	15	pull	pull	VERB
arjefm-1157	389	16	,	,	PUNCT
arjefm-1157	389	17	push	push	NOUN
arjefm-1157	389	18	or	or	CCONJ
arjefm-1157	389	19	market	market	NOUN
arjefm-1157	389	20	sentiment	sentiment	NOUN
arjefm-1157	389	21	?	?	PUNCT
arjefm-1157	390	1	journal	journal	NOUN
arjefm-1157	390	2	of	of	ADP
arjefm-1157	390	3	asian	asian	ADJ
arjefm-1157	390	4	economics	economic	NOUN
arjefm-1157	390	5	,	,	PUNCT
arjefm-1157	390	6	17	17	NUM
arjefm-1157	390	7	,	,	PUNCT
arjefm-1157	390	8	pp	pp	ADJ
arjefm-1157	390	9	.	.	PUNCT
arjefm-1157	391	1	363	363	NUM
arjefm-1157	391	2	-	-	SYM
arjefm-1157	391	3	373	373	NUM
arjefm-1157	391	4	world	world	NOUN
arjefm-1157	391	5	bank	bank	NOUN
arjefm-1157	391	6	(	(	PUNCT
arjefm-1157	391	7	2021	2021	NUM
arjefm-1157	391	8	)	)	PUNCT
arjefm-1157	391	9	world	world	NOUN
arjefm-1157	391	10	development	development	NOUN
arjefm-1157	391	11	report	report	PROPN
arjefm-1157	391	12	,	,	PUNCT
arjefm-1157	391	13	washington	washington	PROPN
arjefm-1157	391	14	,	,	PUNCT
arjefm-1157	391	15	d.	d.	PROPN
arjefm-1157	391	16	c	c	PROPN