id	sid	tid	token	lemma	pos
arjefm-1159	1	1	american	american	PROPN
arjefm-1159	1	2	research	research	PROPN
arjefm-1159	1	3	journal	journal	PROPN
arjefm-1159	1	4	of	of	ADP
arjefm-1159	1	5	economics	economic	NOUN
arjefm-1159	1	6	,	,	PUNCT
arjefm-1159	1	7	finance	finance	NOUN
arjefm-1159	1	8	and	and	CCONJ
arjefm-1159	1	9	management	management	NOUN
arjefm-1159	1	10	volume	volume	NOUN
arjefm-1159	1	11	12	12	NUM
arjefm-1159	1	12	issue	issue	NOUN
arjefm-1159	1	13	3	3	NUM
arjefm-1159	1	14	,	,	PUNCT
arjefm-1159	1	15	july	july	PROPN
arjefm-1159	1	16	-	-	PUNCT
arjefm-1159	1	17	september	september	PROPN
arjefm-1159	1	18	2024	2024	NUM
arjefm-1159	1	19	issn	issn	NOUN
arjefm-1159	1	20	:	:	PUNCT
arjefm-1159	1	21	2836	2836	NUM
arjefm-1159	1	22	-	-	SYM
arjefm-1159	1	23	9416	9416	NUM
arjefm-1159	1	24	impact	impact	NOUN
arjefm-1159	1	25	factor	factor	NOUN
arjefm-1159	1	26	:	:	PUNCT
arjefm-1159	1	27	4.85	4.85	NUM
arjefm-1159	1	28	journal	journal	NOUN
arjefm-1159	1	29	homepage	homepage	NOUN
arjefm-1159	1	30	:	:	PUNCT
arjefm-1159	1	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	1	32	,	,	PUNCT
arjefm-1159	1	33	email	email	NOUN
arjefm-1159	1	34	:	:	PUNCT
arjefm-1159	1	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	1	36	official	official	ADJ
arjefm-1159	1	37	journal	journal	PROPN
arjefm-1159	1	38	of	of	ADP
arjefm-1159	1	39	america	america	PROPN
arjefm-1159	1	40	serial	serial	PROPN
arjefm-1159	1	41	publication	publication	NOUN
arjefm-1159	1	42	american	american	PROPN
arjefm-1159	1	43	research	research	PROPN
arjefm-1159	1	44	journal	journal	PROPN
arjefm-1159	1	45	of	of	ADP
arjefm-1159	1	46	economics	economic	NOUN
arjefm-1159	1	47	,	,	PUNCT
arjefm-1159	1	48	finance	finance	NOUN
arjefm-1159	1	49	and	and	CCONJ
arjefm-1159	1	50	management	management	NOUN
arjefm-1159	1	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	1	52	,	,	PUNCT
arjefm-1159	1	53	email	email	NOUN
arjefm-1159	1	54	:	:	PUNCT
arjefm-1159	1	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	1	56	107	107	NUM
arjefm-1159	2	1	|	|	ADV
arjefm-1159	2	2	p	p	ADP
arjefm-1159	2	3	a	a	DET
arjefm-1159	2	4	g	g	NOUN
arjefm-1159	2	5	e	e	NOUN
arjefm-1159	2	6	assessing	assess	VERB
arjefm-1159	2	7	effect	effect	NOUN
arjefm-1159	2	8	of	of	ADP
arjefm-1159	2	9	capital	capital	NOUN
arjefm-1159	2	10	market	market	NOUN
arjefm-1159	2	11	development	development	NOUN
arjefm-1159	2	12	on	on	ADP
arjefm-1159	2	13	nigeria	nigeria	PROPN
arjefm-1159	2	14	's	's	PART
arjefm-1159	2	15	economic	economic	ADJ
arjefm-1159	2	16	growth	growth	NOUN
arjefm-1159	2	17	1bright	1bright	NUM
arjefm-1159	2	18	o.	o.	NOUN
arjefm-1159	2	19	ogbonna	ogbonna	NOUN
arjefm-1159	2	20	,	,	PUNCT
arjefm-1159	2	21	2michael	2michael	PROPN
arjefm-1159	2	22	anyanwaokoro	anyanwaokoro	PROPN
arjefm-1159	2	23	,	,	PUNCT
arjefm-1159	2	24	and	and	CCONJ
arjefm-1159	2	25	3gabriel	3gabriel	NUM
arjefm-1159	2	26	a.	a.	NOUN
arjefm-1159	2	27	anidiobu	anidiobu	NOUN
arjefm-1159	2	28	1department	1department	NUM
arjefm-1159	2	29	of	of	ADP
arjefm-1159	2	30	banking	banking	NOUN
arjefm-1159	2	31	and	and	CCONJ
arjefm-1159	2	32	finance	finance	NOUN
arjefm-1159	2	33	,	,	PUNCT
arjefm-1159	2	34	faculty	faculty	NOUN
arjefm-1159	2	35	of	of	ADP
arjefm-1159	2	36	management	management	NOUN
arjefm-1159	2	37	sciences	science	NOUN
arjefm-1159	2	38	,	,	PUNCT
arjefm-1159	2	39	esut	esut	NOUN
arjefm-1159	2	40	business	business	NOUN
arjefm-1159	2	41	school	school	PROPN
arjefm-1159	2	42	,	,	PUNCT
arjefm-1159	2	43	enugu	enugu	PROPN
arjefm-1159	2	44	,	,	PUNCT
arjefm-1159	2	45	nigeria	nigeria	PROPN
arjefm-1159	2	46	2,3enugu	2,3enugu	NUM
arjefm-1159	2	47	state	state	NOUN
arjefm-1159	2	48	university	university	NOUN
arjefm-1159	2	49	of	of	ADP
arjefm-1159	2	50	science	science	NOUN
arjefm-1159	2	51	and	and	CCONJ
arjefm-1159	2	52	technology	technology	NOUN
arjefm-1159	2	53	,	,	PUNCT
arjefm-1159	2	54	agbani	agbani	PROPN
arjefm-1159	2	55	,	,	PUNCT
arjefm-1159	2	56	nigeria	nigeria	PROPN
arjefm-1159	2	57	doi	doi	PROPN
arjefm-1159	2	58	:	:	PUNCT
arjefm-1159	2	59	https://doi.org/10.5281/zenodo.14887971	https://doi.org/10.5281/zenodo.14887971	NOUN
arjefm-1159	2	60	abstract	abstract	ADJ
arjefm-1159	2	61	:	:	PUNCT
arjefm-1159	2	62	this	this	DET
arjefm-1159	2	63	study	study	NOUN
arjefm-1159	2	64	used	use	VERB
arjefm-1159	2	65	38	38	NUM
arjefm-1159	2	66	years	year	NOUN
arjefm-1159	2	67	of	of	ADP
arjefm-1159	2	68	annual	annual	ADJ
arjefm-1159	2	69	time	time	NOUN
arjefm-1159	2	70	series	series	PROPN
arjefm-1159	2	71	data	data	PROPN
arjefm-1159	2	72	(	(	PUNCT
arjefm-1159	2	73	1986	1986	NUM
arjefm-1159	2	74	-	-	SYM
arjefm-1159	2	75	2023	2023	NUM
arjefm-1159	2	76	)	)	PUNCT
arjefm-1159	2	77	to	to	PART
arjefm-1159	2	78	examine	examine	VERB
arjefm-1159	2	79	how	how	SCONJ
arjefm-1159	2	80	nigeria	nigeria	PROPN
arjefm-1159	2	81	's	's	PART
arjefm-1159	2	82	economic	economic	ADJ
arjefm-1159	2	83	growth	growth	NOUN
arjefm-1159	2	84	was	be	AUX
arjefm-1159	2	85	affected	affect	VERB
arjefm-1159	2	86	by	by	ADP
arjefm-1159	2	87	the	the	DET
arjefm-1159	2	88	development	development	NOUN
arjefm-1159	2	89	of	of	ADP
arjefm-1159	2	90	its	its	PRON
arjefm-1159	2	91	capital	capital	NOUN
arjefm-1159	2	92	market	market	NOUN
arjefm-1159	2	93	.	.	PUNCT
arjefm-1159	3	1	the	the	DET
arjefm-1159	3	2	main	main	ADJ
arjefm-1159	3	3	focus	focus	NOUN
arjefm-1159	3	4	of	of	ADP
arjefm-1159	3	5	the	the	DET
arjefm-1159	3	6	investigation	investigation	NOUN
arjefm-1159	3	7	was	be	AUX
arjefm-1159	3	8	the	the	DET
arjefm-1159	3	9	association	association	NOUN
arjefm-1159	3	10	between	between	ADP
arjefm-1159	3	11	market	market	NOUN
arjefm-1159	3	12	capitalization	capitalization	NOUN
arjefm-1159	3	13	(	(	PUNCT
arjefm-1159	3	14	mcap	mcap	NOUN
arjefm-1159	3	15	)	)	PUNCT
arjefm-1159	3	16	,	,	PUNCT
arjefm-1159	3	17	all	all	DET
arjefm-1159	3	18	-	-	PUNCT
arjefm-1159	3	19	share	share	NOUN
arjefm-1159	3	20	index	index	NOUN
arjefm-1159	3	21	(	(	PUNCT
arjefm-1159	3	22	asi	asi	NOUN
arjefm-1159	3	23	)	)	PUNCT
arjefm-1159	3	24	,	,	PUNCT
arjefm-1159	3	25	and	and	CCONJ
arjefm-1159	3	26	gdp	gdp	NOUN
arjefm-1159	3	27	growth	growth	NOUN
arjefm-1159	3	28	rate	rate	NOUN
arjefm-1159	3	29	.	.	PUNCT
arjefm-1159	4	1	the	the	DET
arjefm-1159	4	2	study	study	NOUN
arjefm-1159	4	3	used	use	VERB
arjefm-1159	4	4	the	the	DET
arjefm-1159	4	5	ordinary	ordinary	ADJ
arjefm-1159	4	6	least	least	ADJ
arjefm-1159	4	7	squares	square	NOUN
arjefm-1159	4	8	(	(	PUNCT
arjefm-1159	4	9	ols	ol	NOUN
arjefm-1159	4	10	)	)	PUNCT
arjefm-1159	4	11	method	method	NOUN
arjefm-1159	4	12	and	and	CCONJ
arjefm-1159	4	13	discovered	discover	VERB
arjefm-1159	4	14	that	that	SCONJ
arjefm-1159	4	15	mcap	mcap	NOUN
arjefm-1159	4	16	significantly	significantly	ADV
arjefm-1159	4	17	boosted	boost	VERB
arjefm-1159	4	18	the	the	DET
arjefm-1159	4	19	gdp	gdp	NOUN
arjefm-1159	4	20	growth	growth	NOUN
arjefm-1159	4	21	rate	rate	NOUN
arjefm-1159	4	22	whereas	whereas	SCONJ
arjefm-1159	4	23	asi	asi	NOUN
arjefm-1159	4	24	significantly	significantly	ADV
arjefm-1159	4	25	lowered	lower	VERB
arjefm-1159	4	26	it	it	PRON
arjefm-1159	4	27	.	.	PUNCT
arjefm-1159	5	1	these	these	DET
arjefm-1159	5	2	results	result	NOUN
arjefm-1159	5	3	implied	imply	VERB
arjefm-1159	5	4	that	that	SCONJ
arjefm-1159	5	5	the	the	DET
arjefm-1159	5	6	nigerian	nigerian	ADJ
arjefm-1159	5	7	stock	stock	NOUN
arjefm-1159	5	8	market	market	NOUN
arjefm-1159	5	9	might	might	AUX
arjefm-1159	5	10	not	not	PART
arjefm-1159	5	11	have	have	AUX
arjefm-1159	5	12	been	be	AUX
arjefm-1159	5	13	effectively	effectively	ADV
arjefm-1159	5	14	channeling	channel	VERB
arjefm-1159	5	15	investment	investment	NOUN
arjefm-1159	5	16	towards	towards	ADP
arjefm-1159	5	17	productive	productive	ADJ
arjefm-1159	5	18	sectors	sector	NOUN
arjefm-1159	5	19	.	.	PUNCT
arjefm-1159	6	1	the	the	DET
arjefm-1159	6	2	study	study	NOUN
arjefm-1159	6	3	urged	urge	VERB
arjefm-1159	6	4	market	market	NOUN
arjefm-1159	6	5	participants	participant	NOUN
arjefm-1159	6	6	to	to	PART
arjefm-1159	6	7	diversify	diversify	VERB
arjefm-1159	6	8	their	their	PRON
arjefm-1159	6	9	investment	investment	NOUN
arjefm-1159	6	10	portfolios	portfolio	NOUN
arjefm-1159	6	11	and	and	CCONJ
arjefm-1159	6	12	suggested	suggest	VERB
arjefm-1159	6	13	more	more	ADJ
arjefm-1159	6	14	investigation	investigation	NOUN
arjefm-1159	6	15	into	into	ADP
arjefm-1159	6	16	the	the	DET
arjefm-1159	6	17	elements	element	NOUN
arjefm-1159	6	18	behind	behind	ADP
arjefm-1159	6	19	the	the	DET
arjefm-1159	6	20	asi	asi	NOUN
arjefm-1159	6	21	's	's	PART
arjefm-1159	6	22	detrimental	detrimental	ADJ
arjefm-1159	6	23	effects	effect	NOUN
arjefm-1159	6	24	.	.	PUNCT
arjefm-1159	7	1	this	this	DET
arjefm-1159	7	2	study	study	NOUN
arjefm-1159	7	3	offered	offer	VERB
arjefm-1159	7	4	a	a	DET
arjefm-1159	7	5	modern	modern	ADJ
arjefm-1159	7	6	viewpoint	viewpoint	NOUN
arjefm-1159	7	7	on	on	ADP
arjefm-1159	7	8	the	the	DET
arjefm-1159	7	9	connection	connection	NOUN
arjefm-1159	7	10	between	between	ADP
arjefm-1159	7	11	the	the	DET
arjefm-1159	7	12	stock	stock	NOUN
arjefm-1159	7	13	market	market	NOUN
arjefm-1159	7	14	and	and	CCONJ
arjefm-1159	7	15	economic	economic	ADJ
arjefm-1159	7	16	growth	growth	NOUN
arjefm-1159	7	17	in	in	ADP
arjefm-1159	7	18	nigeria	nigeria	PROPN
arjefm-1159	7	19	by	by	ADP
arjefm-1159	7	20	using	use	VERB
arjefm-1159	7	21	recent	recent	ADJ
arjefm-1159	7	22	data	datum	NOUN
arjefm-1159	7	23	.	.	PUNCT
arjefm-1159	8	1	keywords	keyword	NOUN
arjefm-1159	8	2	:	:	PUNCT
arjefm-1159	8	3	capital	capital	NOUN
arjefm-1159	8	4	,	,	PUNCT
arjefm-1159	8	5	development	development	NOUN
arjefm-1159	8	6	,	,	PUNCT
arjefm-1159	8	7	economic	economic	ADJ
arjefm-1159	8	8	,	,	PUNCT
arjefm-1159	8	9	growth	growth	NOUN
arjefm-1159	8	10	,	,	PUNCT
arjefm-1159	8	11	market	market	NOUN
arjefm-1159	8	12	1	1	NUM
arjefm-1159	8	13	.	.	PUNCT
arjefm-1159	8	14	introduction	introduction	NOUN
arjefm-1159	8	15	in	in	ADP
arjefm-1159	8	16	any	any	DET
arjefm-1159	8	17	economy	economy	NOUN
arjefm-1159	8	18	,	,	PUNCT
arjefm-1159	8	19	the	the	DET
arjefm-1159	8	20	financial	financial	ADJ
arjefm-1159	8	21	system	system	NOUN
arjefm-1159	8	22	has	have	VERB
arjefm-1159	8	23	a	a	DET
arjefm-1159	8	24	major	major	ADJ
arjefm-1159	8	25	impact	impact	NOUN
arjefm-1159	8	26	on	on	ADP
arjefm-1159	8	27	the	the	DET
arjefm-1159	8	28	promotion	promotion	NOUN
arjefm-1159	8	29	of	of	ADP
arjefm-1159	8	30	economic	economic	ADJ
arjefm-1159	8	31	growth	growth	NOUN
arjefm-1159	8	32	and	and	CCONJ
arjefm-1159	8	33	development	development	NOUN
arjefm-1159	8	34	.	.	PUNCT
arjefm-1159	9	1	it	it	PRON
arjefm-1159	9	2	effectively	effectively	ADV
arjefm-1159	9	3	distributes	distribute	VERB
arjefm-1159	9	4	cash	cash	NOUN
arjefm-1159	9	5	to	to	ADP
arjefm-1159	9	6	different	different	ADJ
arjefm-1159	9	7	economic	economic	ADJ
arjefm-1159	9	8	actors	actor	NOUN
arjefm-1159	9	9	so	so	SCONJ
arjefm-1159	9	10	they	they	PRON
arjefm-1159	9	11	can	can	AUX
arjefm-1159	9	12	be	be	AUX
arjefm-1159	9	13	put	put	VERB
arjefm-1159	9	14	to	to	ADP
arjefm-1159	9	15	good	good	ADJ
arjefm-1159	9	16	use	use	NOUN
arjefm-1159	9	17	.	.	PUNCT
arjefm-1159	10	1	since	since	SCONJ
arjefm-1159	10	2	it	it	PRON
arjefm-1159	10	3	develops	develop	VERB
arjefm-1159	10	4	and	and	CCONJ
arjefm-1159	10	5	connects	connect	VERB
arjefm-1159	10	6	an	an	DET
arjefm-1159	10	7	economy	economy	NOUN
arjefm-1159	10	8	's	's	PART
arjefm-1159	10	9	surplus	surplus	NOUN
arjefm-1159	10	10	and	and	CCONJ
arjefm-1159	10	11	deficit	deficit	NOUN
arjefm-1159	10	12	units	unit	NOUN
arjefm-1159	10	13	,	,	PUNCT
arjefm-1159	10	14	this	this	DET
arjefm-1159	10	15	function	function	NOUN
arjefm-1159	10	16	is	be	AUX
arjefm-1159	10	17	crucial	crucial	ADJ
arjefm-1159	10	18	to	to	ADP
arjefm-1159	10	19	economic	economic	ADJ
arjefm-1159	10	20	growth	growth	NOUN
arjefm-1159	10	21	and	and	CCONJ
arjefm-1159	10	22	development	development	NOUN
arjefm-1159	10	23	.	.	PUNCT
arjefm-1159	11	1	this	this	PRON
arjefm-1159	11	2	is	be	AUX
arjefm-1159	11	3	essentially	essentially	ADV
arjefm-1159	11	4	provided	provide	VERB
arjefm-1159	11	5	by	by	ADP
arjefm-1159	11	6	the	the	DET
arjefm-1159	11	7	financial	financial	ADJ
arjefm-1159	11	8	system	system	NOUN
arjefm-1159	11	9	via	via	ADP
arjefm-1159	11	10	the	the	DET
arjefm-1159	11	11	operations	operation	NOUN
arjefm-1159	11	12	of	of	ADP
arjefm-1159	11	13	the	the	DET
arjefm-1159	11	14	financial	financial	ADJ
arjefm-1159	11	15	market	market	NOUN
arjefm-1159	11	16	.	.	PUNCT
arjefm-1159	12	1	the	the	DET
arjefm-1159	12	2	capital	capital	NOUN
arjefm-1159	12	3	market	market	NOUN
arjefm-1159	12	4	,	,	PUNCT
arjefm-1159	12	5	a	a	DET
arjefm-1159	12	6	segment	segment	NOUN
arjefm-1159	12	7	of	of	ADP
arjefm-1159	12	8	the	the	DET
arjefm-1159	12	9	financial	financial	ADJ
arjefm-1159	12	10	market	market	NOUN
arjefm-1159	12	11	,	,	PUNCT
arjefm-1159	12	12	offers	offer	VERB
arjefm-1159	12	13	a	a	DET
arjefm-1159	12	14	means	means	NOUN
arjefm-1159	12	15	of	of	ADP
arjefm-1159	12	16	effectively	effectively	ADV
arjefm-1159	12	17	directing	direct	VERB
arjefm-1159	12	18	long	long	ADJ
arjefm-1159	12	19	-	-	PUNCT
arjefm-1159	12	20	term	term	NOUN
arjefm-1159	12	21	funds	fund	NOUN
arjefm-1159	12	22	—	—	PUNCT
arjefm-1159	12	23	also	also	ADV
arjefm-1159	12	24	known	know	VERB
arjefm-1159	12	25	as	as	ADP
arjefm-1159	12	26	idle	idle	ADJ
arjefm-1159	12	27	funds	fund	NOUN
arjefm-1159	12	28	—	—	PUNCT
arjefm-1159	12	29	from	from	ADP
arjefm-1159	12	30	fund	fund	NOUN
arjefm-1159	12	31	savers	saver	NOUN
arjefm-1159	12	32	to	to	ADP
arjefm-1159	12	33	investors	investor	NOUN
arjefm-1159	12	34	.	.	PUNCT
arjefm-1159	13	1	the	the	DET
arjefm-1159	13	2	money	money	NOUN
arjefm-1159	13	3	market	market	NOUN
arjefm-1159	13	4	subgroup	subgroup	NOUN
arjefm-1159	13	5	,	,	PUNCT
arjefm-1159	13	6	on	on	ADP
arjefm-1159	13	7	the	the	DET
arjefm-1159	13	8	other	other	ADJ
arjefm-1159	13	9	hand	hand	NOUN
arjefm-1159	13	10	,	,	PUNCT
arjefm-1159	13	11	acts	act	VERB
arjefm-1159	13	12	as	as	ADP
arjefm-1159	13	13	a	a	DET
arjefm-1159	13	14	conduit	conduit	NOUN
arjefm-1159	13	15	for	for	ADP
arjefm-1159	13	16	short	short	ADJ
arjefm-1159	13	17	-	-	PUNCT
arjefm-1159	13	18	term	term	NOUN
arjefm-1159	13	19	funds	fund	NOUN
arjefm-1159	13	20	.	.	PUNCT
arjefm-1159	14	1	a	a	DET
arjefm-1159	14	2	group	group	NOUN
arjefm-1159	14	3	of	of	ADP
arjefm-1159	14	4	financial	financial	ADJ
arjefm-1159	14	5	institutions	institution	NOUN
arjefm-1159	14	6	assembled	assemble	VERB
arjefm-1159	14	7	to	to	PART
arjefm-1159	14	8	provide	provide	VERB
arjefm-1159	14	9	mediumand	mediumand	NOUN
arjefm-1159	14	10	long	long	ADJ
arjefm-1159	14	11	-	-	PUNCT
arjefm-1159	14	12	term	term	NOUN
arjefm-1159	14	13	loans	loan	NOUN
arjefm-1159	14	14	is	be	AUX
arjefm-1159	14	15	known	know	VERB
arjefm-1159	14	16	as	as	ADP
arjefm-1159	14	17	the	the	DET
arjefm-1159	14	18	capital	capital	NOUN
arjefm-1159	14	19	market	market	NOUN
arjefm-1159	14	20	.	.	PUNCT
arjefm-1159	15	1	in	in	ADP
arjefm-1159	15	2	this	this	DET
arjefm-1159	15	3	market	market	NOUN
arjefm-1159	15	4	,	,	PUNCT
arjefm-1159	15	5	long	long	ADJ
arjefm-1159	15	6	-	-	PUNCT
arjefm-1159	15	7	term	term	NOUN
arjefm-1159	15	8	financial	financial	ADJ
arjefm-1159	15	9	assets	asset	NOUN
arjefm-1159	15	10	given	give	VERB
arjefm-1159	15	11	by	by	ADP
arjefm-1159	15	12	borrowers	borrower	NOUN
arjefm-1159	15	13	are	be	AUX
arjefm-1159	15	14	exchanged	exchange	VERB
arjefm-1159	15	15	for	for	ADP
arjefm-1159	15	16	longterm	longterm	ADJ
arjefm-1159	15	17	capital	capital	NOUN
arjefm-1159	15	18	from	from	ADP
arjefm-1159	15	19	lenders	lender	NOUN
arjefm-1159	15	20	(	(	PUNCT
arjefm-1159	15	21	investors	investor	NOUN
arjefm-1159	15	22	)	)	PUNCT
arjefm-1159	15	23	.	.	PUNCT
arjefm-1159	16	1	the	the	DET
arjefm-1159	16	2	market	market	NOUN
arjefm-1159	16	3	is	be	AUX
arjefm-1159	16	4	divided	divide	VERB
arjefm-1159	16	5	into	into	ADP
arjefm-1159	16	6	two	two	NUM
arjefm-1159	16	7	arms	arm	NOUN
arjefm-1159	16	8	:	:	PUNCT
arjefm-1159	16	9	the	the	DET
arjefm-1159	16	10	primary	primary	ADJ
arjefm-1159	16	11	market	market	NOUN
arjefm-1159	16	12	,	,	PUNCT
arjefm-1159	16	13	which	which	PRON
arjefm-1159	16	14	provides	provide	VERB
arjefm-1159	16	15	a	a	DET
arjefm-1159	16	16	venue	venue	NOUN
arjefm-1159	16	17	for	for	ADP
arjefm-1159	16	18	the	the	DET
arjefm-1159	16	19	long	long	ADJ
arjefm-1159	16	20	-	-	PUNCT
arjefm-1159	16	21	term	term	NOUN
arjefm-1159	16	22	private	private	ADJ
arjefm-1159	16	23	placement	placement	NOUN
arjefm-1159	16	24	of	of	ADP
arjefm-1159	16	25	capital	capital	NOUN
arjefm-1159	16	26	through	through	ADP
arjefm-1159	16	27	the	the	DET
arjefm-1159	16	28	issuance	issuance	NOUN
arjefm-1159	16	29	of	of	ADP
arjefm-1159	16	30	new	new	ADJ
arjefm-1159	16	31	financial	financial	ADJ
arjefm-1159	16	32	securities	security	NOUN
arjefm-1159	16	33	,	,	PUNCT
arjefm-1159	16	34	and	and	CCONJ
arjefm-1159	16	35	the	the	DET
arjefm-1159	16	36	secondary	secondary	ADJ
arjefm-1159	16	37	market	market	NOUN
arjefm-1159	16	38	,	,	PUNCT
arjefm-1159	16	39	which	which	PRON
arjefm-1159	16	40	gives	give	VERB
arjefm-1159	16	41	investors	investor	NOUN
arjefm-1159	16	42	the	the	DET
arjefm-1159	16	43	chance	chance	NOUN
arjefm-1159	16	44	to	to	PART
arjefm-1159	16	45	buy	buy	VERB
arjefm-1159	16	46	and	and	CCONJ
arjefm-1159	16	47	sell	sell	VERB
arjefm-1159	16	48	pre	pre	ADJ
arjefm-1159	16	49	-	-	ADJ
arjefm-1159	16	50	existing	exist	VERB
arjefm-1159	16	51	mailto:contact@americaserial.com	mailto:contact@americaserial.com	NOUN
arjefm-1159	16	52	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	16	53	https://doi.org/10.5281/zenodo.14884081	https://doi.org/10.5281/zenodo.14884081	PROPN
arjefm-1159	16	54	american	american	PROPN
arjefm-1159	16	55	research	research	PROPN
arjefm-1159	16	56	journal	journal	PROPN
arjefm-1159	16	57	of	of	ADP
arjefm-1159	16	58	economics	economic	NOUN
arjefm-1159	16	59	,	,	PUNCT
arjefm-1159	16	60	finance	finance	NOUN
arjefm-1159	16	61	and	and	CCONJ
arjefm-1159	16	62	management	management	NOUN
arjefm-1159	16	63	volume	volume	NOUN
arjefm-1159	16	64	12	12	NUM
arjefm-1159	16	65	issue	issue	NOUN
arjefm-1159	16	66	3	3	NUM
arjefm-1159	16	67	,	,	PUNCT
arjefm-1159	16	68	july	july	PROPN
arjefm-1159	16	69	-	-	PUNCT
arjefm-1159	16	70	september	september	PROPN
arjefm-1159	16	71	2024	2024	NUM
arjefm-1159	16	72	issn	issn	NOUN
arjefm-1159	16	73	:	:	PUNCT
arjefm-1159	16	74	2836	2836	NUM
arjefm-1159	16	75	-	-	SYM
arjefm-1159	16	76	9416	9416	NUM
arjefm-1159	16	77	impact	impact	NOUN
arjefm-1159	16	78	factor	factor	NOUN
arjefm-1159	16	79	:	:	PUNCT
arjefm-1159	16	80	4.85	4.85	NUM
arjefm-1159	16	81	journal	journal	NOUN
arjefm-1159	16	82	homepage	homepage	NOUN
arjefm-1159	16	83	:	:	PUNCT
arjefm-1159	16	84	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	16	85	,	,	PUNCT
arjefm-1159	16	86	email	email	NOUN
arjefm-1159	16	87	:	:	PUNCT
arjefm-1159	16	88	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	16	89	official	official	ADJ
arjefm-1159	16	90	journal	journal	PROPN
arjefm-1159	16	91	of	of	ADP
arjefm-1159	16	92	america	america	PROPN
arjefm-1159	16	93	serial	serial	PROPN
arjefm-1159	16	94	publication	publication	NOUN
arjefm-1159	16	95	american	american	PROPN
arjefm-1159	16	96	research	research	PROPN
arjefm-1159	16	97	journal	journal	PROPN
arjefm-1159	16	98	of	of	ADP
arjefm-1159	16	99	economics	economic	NOUN
arjefm-1159	16	100	,	,	PUNCT
arjefm-1159	16	101	finance	finance	NOUN
arjefm-1159	16	102	and	and	CCONJ
arjefm-1159	16	103	management	management	NOUN
arjefm-1159	16	104	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	16	105	,	,	PUNCT
arjefm-1159	16	106	email	email	NOUN
arjefm-1159	16	107	:	:	PUNCT
arjefm-1159	17	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	17	2	108	108	NUM
arjefm-1159	18	1	|	|	ADV
arjefm-1159	18	2	p	p	X
arjefm-1159	18	3	a	a	DET
arjefm-1159	18	4	g	g	NOUN
arjefm-1159	18	5	e	e	NOUN
arjefm-1159	18	6	securities	security	NOUN
arjefm-1159	18	7	that	that	PRON
arjefm-1159	18	8	have	have	AUX
arjefm-1159	18	9	already	already	ADV
arjefm-1159	18	10	been	be	AUX
arjefm-1159	18	11	traded	trade	VERB
arjefm-1159	18	12	on	on	ADP
arjefm-1159	18	13	the	the	DET
arjefm-1159	18	14	primary	primary	ADJ
arjefm-1159	18	15	market	market	NOUN
arjefm-1159	18	16	,	,	PUNCT
arjefm-1159	18	17	thus	thus	ADV
arjefm-1159	18	18	stimulating	stimulate	VERB
arjefm-1159	18	19	the	the	DET
arjefm-1159	18	20	financial	financial	ADJ
arjefm-1159	18	21	sector	sector	NOUN
arjefm-1159	18	22	and	and	CCONJ
arjefm-1159	18	23	contributing	contribute	VERB
arjefm-1159	18	24	to	to	ADP
arjefm-1159	18	25	economic	economic	ADJ
arjefm-1159	18	26	expansion	expansion	NOUN
arjefm-1159	18	27	.	.	PUNCT
arjefm-1159	19	1	as	as	ADP
arjefm-1159	19	2	a	a	DET
arjefm-1159	19	3	result	result	NOUN
arjefm-1159	19	4	of	of	ADP
arjefm-1159	19	5	the	the	DET
arjefm-1159	19	6	aforementioned	aforementioned	ADJ
arjefm-1159	19	7	,	,	PUNCT
arjefm-1159	19	8	economic	economic	ADJ
arjefm-1159	19	9	growth	growth	NOUN
arjefm-1159	19	10	and	and	CCONJ
arjefm-1159	19	11	development	development	NOUN
arjefm-1159	19	12	are	be	AUX
arjefm-1159	19	13	goals	goal	NOUN
arjefm-1159	19	14	shared	share	VERB
arjefm-1159	19	15	by	by	ADP
arjefm-1159	19	16	all	all	DET
arjefm-1159	19	17	developing	develop	VERB
arjefm-1159	19	18	economies	economy	NOUN
arjefm-1159	19	19	worldwide	worldwide	ADV
arjefm-1159	19	20	.	.	PUNCT
arjefm-1159	20	1	sub	sub	ADJ
arjefm-1159	20	2	-	-	ADJ
arjefm-1159	20	3	saharan	saharan	ADJ
arjefm-1159	20	4	africa	africa	PROPN
arjefm-1159	20	5	's	's	PART
arjefm-1159	20	6	economy	economy	NOUN
arjefm-1159	20	7	is	be	AUX
arjefm-1159	20	8	ideally	ideally	ADV
arjefm-1159	20	9	positioned	positioned	ADJ
arjefm-1159	20	10	to	to	PART
arjefm-1159	20	11	pursue	pursue	VERB
arjefm-1159	20	12	focused	focused	ADJ
arjefm-1159	20	13	economic	economic	ADJ
arjefm-1159	20	14	expansion	expansion	NOUN
arjefm-1159	20	15	.	.	PUNCT
arjefm-1159	21	1	however	however	ADV
arjefm-1159	21	2	,	,	PUNCT
arjefm-1159	21	3	several	several	ADJ
arjefm-1159	21	4	strategies	strategy	NOUN
arjefm-1159	21	5	have	have	AUX
arjefm-1159	21	6	been	be	AUX
arjefm-1159	21	7	implemented	implement	VERB
arjefm-1159	21	8	to	to	PART
arjefm-1159	21	9	achieve	achieve	VERB
arjefm-1159	21	10	this	this	DET
arjefm-1159	21	11	area	area	NOUN
arjefm-1159	21	12	's	's	PART
arjefm-1159	21	13	main	main	ADJ
arjefm-1159	21	14	goal	goal	NOUN
arjefm-1159	21	15	.	.	PUNCT
arjefm-1159	22	1	one	one	NUM
arjefm-1159	22	2	of	of	ADP
arjefm-1159	22	3	these	these	DET
arjefm-1159	22	4	strategies	strategy	NOUN
arjefm-1159	22	5	,	,	PUNCT
arjefm-1159	22	6	along	along	ADP
arjefm-1159	22	7	with	with	ADP
arjefm-1159	22	8	others	other	NOUN
arjefm-1159	22	9	,	,	PUNCT
arjefm-1159	22	10	is	be	AUX
arjefm-1159	22	11	to	to	PART
arjefm-1159	22	12	establish	establish	VERB
arjefm-1159	22	13	a	a	DET
arjefm-1159	22	14	functioning	function	VERB
arjefm-1159	22	15	capital	capital	NOUN
arjefm-1159	22	16	market	market	NOUN
arjefm-1159	22	17	to	to	PART
arjefm-1159	22	18	promote	promote	VERB
arjefm-1159	22	19	the	the	DET
arjefm-1159	22	20	redistribution	redistribution	NOUN
arjefm-1159	22	21	of	of	ADP
arjefm-1159	22	22	income	income	NOUN
arjefm-1159	22	23	throughout	throughout	ADP
arjefm-1159	22	24	the	the	DET
arjefm-1159	22	25	national	national	ADJ
arjefm-1159	22	26	and	and	CCONJ
arjefm-1159	22	27	global	global	ADJ
arjefm-1159	22	28	economy	economy	NOUN
arjefm-1159	22	29	.	.	PUNCT
arjefm-1159	23	1	commodities	commodity	NOUN
arjefm-1159	23	2	in	in	ADP
arjefm-1159	23	3	addition	addition	NOUN
arjefm-1159	23	4	to	to	ADP
arjefm-1159	23	5	trading	trading	NOUN
arjefm-1159	23	6	firms	firm	NOUN
arjefm-1159	23	7	.	.	PUNCT
arjefm-1159	24	1	consequently	consequently	ADV
arjefm-1159	24	2	,	,	PUNCT
arjefm-1159	24	3	there	there	PRON
arjefm-1159	24	4	has	have	AUX
arjefm-1159	24	5	been	be	AUX
arjefm-1159	24	6	a	a	DET
arjefm-1159	24	7	notable	notable	ADJ
arjefm-1159	24	8	shift	shift	NOUN
arjefm-1159	24	9	in	in	ADP
arjefm-1159	24	10	research	research	NOUN
arjefm-1159	24	11	efforts	effort	NOUN
arjefm-1159	24	12	toward	toward	ADP
arjefm-1159	24	13	the	the	DET
arjefm-1159	24	14	capital	capital	NOUN
arjefm-1159	24	15	market	market	NOUN
arjefm-1159	24	16	and	and	CCONJ
arjefm-1159	24	17	economic	economic	ADJ
arjefm-1159	24	18	development	development	NOUN
arjefm-1159	24	19	of	of	ADP
arjefm-1159	24	20	sub	sub	ADJ
arjefm-1159	24	21	-	-	ADJ
arjefm-1159	24	22	saharan	saharan	ADJ
arjefm-1159	24	23	africa	africa	PROPN
arjefm-1159	24	24	's	's	PART
arjefm-1159	24	25	(	(	PUNCT
arjefm-1159	24	26	ssa	ssa	NOUN
arjefm-1159	24	27	)	)	PUNCT
arjefm-1159	24	28	emerging	emerge	VERB
arjefm-1159	24	29	economies	economy	NOUN
arjefm-1159	24	30	.	.	PUNCT
arjefm-1159	25	1	the	the	DET
arjefm-1159	25	2	long	long	ADJ
arjefm-1159	25	3	-	-	PUNCT
arjefm-1159	25	4	term	term	NOUN
arjefm-1159	25	5	market	market	NOUN
arjefm-1159	25	6	in	in	ADP
arjefm-1159	25	7	africa	africa	PROPN
arjefm-1159	25	8	has	have	AUX
arjefm-1159	25	9	grown	grow	VERB
arjefm-1159	25	10	significantly	significantly	ADV
arjefm-1159	25	11	since	since	SCONJ
arjefm-1159	25	12	the	the	DET
arjefm-1159	25	13	early	early	ADJ
arjefm-1159	25	14	1990s	1990	NOUN
arjefm-1159	25	15	with	with	ADP
arjefm-1159	25	16	the	the	DET
arjefm-1159	25	17	upswing	upswing	NOUN
arjefm-1159	25	18	of	of	ADP
arjefm-1159	25	19	the	the	DET
arjefm-1159	25	20	stock	stock	NOUN
arjefm-1159	25	21	market	market	NOUN
arjefm-1159	25	22	,	,	PUNCT
arjefm-1159	25	23	commodities	commodity	NOUN
arjefm-1159	25	24	,	,	PUNCT
arjefm-1159	25	25	and	and	CCONJ
arjefm-1159	25	26	trading	trading	NOUN
arjefm-1159	25	27	institutions	institution	NOUN
arjefm-1159	25	28	.	.	PUNCT
arjefm-1159	26	1	these	these	DET
arjefm-1159	26	2	institutions	institution	NOUN
arjefm-1159	26	3	'	'	PART
arjefm-1159	26	4	rapid	rapid	ADJ
arjefm-1159	26	5	expansion	expansion	NOUN
arjefm-1159	26	6	has	have	AUX
arjefm-1159	26	7	resulted	result	VERB
arjefm-1159	26	8	in	in	ADP
arjefm-1159	26	9	a	a	DET
arjefm-1159	26	10	large	large	ADJ
arjefm-1159	26	11	increase	increase	NOUN
arjefm-1159	26	12	in	in	ADP
arjefm-1159	26	13	both	both	CCONJ
arjefm-1159	26	14	the	the	DET
arjefm-1159	26	15	number	number	NOUN
arjefm-1159	26	16	of	of	ADP
arjefm-1159	26	17	listed	list	VERB
arjefm-1159	26	18	firms	firm	NOUN
arjefm-1159	26	19	and	and	CCONJ
arjefm-1159	26	20	market	market	NOUN
arjefm-1159	26	21	capitalisation	capitalisation	NOUN
arjefm-1159	26	22	.	.	PUNCT
arjefm-1159	27	1	fifty	fifty	NUM
arjefm-1159	27	2	of	of	ADP
arjefm-1159	27	3	the	the	DET
arjefm-1159	27	4	54	54	NUM
arjefm-1159	27	5	african	african	ADJ
arjefm-1159	27	6	countries	country	NOUN
arjefm-1159	27	7	had	have	VERB
arjefm-1159	27	8	securities	security	NOUN
arjefm-1159	27	9	exchanges	exchange	NOUN
arjefm-1159	27	10	active	active	ADJ
arjefm-1159	27	11	as	as	ADP
arjefm-1159	27	12	of	of	ADP
arjefm-1159	27	13	june	june	PROPN
arjefm-1159	27	14	2016	2016	NUM
arjefm-1159	27	15	.	.	PUNCT
arjefm-1159	28	1	the	the	DET
arjefm-1159	28	2	african	african	PROPN
arjefm-1159	28	3	securities	securities	PROPN
arjefm-1159	28	4	exchange	exchange	PROPN
arjefm-1159	28	5	association	association	PROPN
arjefm-1159	28	6	(	(	PUNCT
arjefm-1159	28	7	asea	asea	PROPN
arjefm-1159	28	8	)	)	PUNCT
arjefm-1159	28	9	,	,	PUNCT
arjefm-1159	28	10	which	which	PRON
arjefm-1159	28	11	was	be	AUX
arjefm-1159	28	12	first	first	ADV
arjefm-1159	28	13	founded	found	VERB
arjefm-1159	28	14	in	in	ADP
arjefm-1159	28	15	kenya	kenya	PROPN
arjefm-1159	28	16	in	in	ADP
arjefm-1159	28	17	1993	1993	NUM
arjefm-1159	28	18	,	,	PUNCT
arjefm-1159	28	19	was	be	AUX
arjefm-1159	28	20	made	make	VERB
arjefm-1159	28	21	possible	possible	ADJ
arjefm-1159	28	22	by	by	ADP
arjefm-1159	28	23	this	this	DET
arjefm-1159	28	24	development	development	NOUN
arjefm-1159	28	25	(	(	PUNCT
arjefm-1159	28	26	adoms	adoms	PROPN
arjefm-1159	28	27	,	,	PUNCT
arjefm-1159	28	28	et	et	PROPN
arjefm-1159	28	29	al	al	PROPN
arjefm-1159	28	30	.	.	PROPN
arjefm-1159	28	31	,	,	PUNCT
arjefm-1159	28	32	2020	2020	NUM
arjefm-1159	28	33	)	)	PUNCT
arjefm-1159	28	34	.	.	PUNCT
arjefm-1159	29	1	the	the	DET
arjefm-1159	29	2	world	world	PROPN
arjefm-1159	29	3	bank	bank	PROPN
arjefm-1159	29	4	believes	believe	VERB
arjefm-1159	29	5	that	that	SCONJ
arjefm-1159	29	6	as	as	ADP
arjefm-1159	29	7	a	a	DET
arjefm-1159	29	8	result	result	NOUN
arjefm-1159	29	9	,	,	PUNCT
arjefm-1159	29	10	the	the	DET
arjefm-1159	29	11	continent	continent	NOUN
arjefm-1159	29	12	's	's	PART
arjefm-1159	29	13	economy	economy	NOUN
arjefm-1159	29	14	may	may	AUX
arjefm-1159	29	15	be	be	AUX
arjefm-1159	29	16	ready	ready	ADJ
arjefm-1159	29	17	to	to	PART
arjefm-1159	29	18	pick	pick	VERB
arjefm-1159	29	19	up	up	ADP
arjefm-1159	29	20	speed	speed	NOUN
arjefm-1159	29	21	(	(	PUNCT
arjefm-1159	29	22	world	world	PROPN
arjefm-1159	29	23	bank	bank	PROPN
arjefm-1159	29	24	,	,	PUNCT
arjefm-1159	29	25	2011	2011	NUM
arjefm-1159	29	26	)	)	PUNCT
arjefm-1159	29	27	.	.	PUNCT
arjefm-1159	30	1	it	it	PRON
arjefm-1159	30	2	was	be	AUX
arjefm-1159	30	3	projected	project	VERB
arjefm-1159	30	4	that	that	SCONJ
arjefm-1159	30	5	the	the	DET
arjefm-1159	30	6	economies	economy	NOUN
arjefm-1159	30	7	of	of	ADP
arjefm-1159	30	8	african	african	ADJ
arjefm-1159	30	9	countries	country	NOUN
arjefm-1159	30	10	will	will	AUX
arjefm-1159	30	11	develop	develop	VERB
arjefm-1159	30	12	at	at	ADP
arjefm-1159	30	13	some	some	PRON
arjefm-1159	30	14	of	of	ADP
arjefm-1159	30	15	the	the	DET
arjefm-1159	30	16	world	world	NOUN
arjefm-1159	30	17	's	's	PART
arjefm-1159	30	18	quickest	quick	ADJ
arjefm-1159	30	19	rates	rate	NOUN
arjefm-1159	30	20	.	.	PUNCT
arjefm-1159	31	1	for	for	ADP
arjefm-1159	31	2	instance	instance	NOUN
arjefm-1159	31	3	,	,	PUNCT
arjefm-1159	31	4	sub	sub	ADJ
arjefm-1159	31	5	-	-	ADJ
arjefm-1159	31	6	saharan	saharan	ADJ
arjefm-1159	31	7	africa	africa	PROPN
arjefm-1159	31	8	's	's	PART
arjefm-1159	31	9	(	(	PUNCT
arjefm-1159	31	10	ssa	ssa	NOUN
arjefm-1159	31	11	)	)	PUNCT
arjefm-1159	31	12	real	real	ADJ
arjefm-1159	31	13	gdp	gdp	NOUN
arjefm-1159	31	14	grew	grow	VERB
arjefm-1159	31	15	by	by	ADP
arjefm-1159	31	16	12.29	12.29	NUM
arjefm-1159	31	17	%	%	NOUN
arjefm-1159	31	18	in	in	ADP
arjefm-1159	31	19	2013	2013	NUM
arjefm-1159	31	20	and	and	CCONJ
arjefm-1159	31	21	by	by	ADP
arjefm-1159	31	22	254.64	254.64	NUM
arjefm-1159	31	23	%	%	NOUN
arjefm-1159	31	24	in	in	ADP
arjefm-1159	31	25	2017	2017	NUM
arjefm-1159	31	26	,	,	PUNCT
arjefm-1159	31	27	but	but	CCONJ
arjefm-1159	31	28	in	in	ADP
arjefm-1159	31	29	the	the	DET
arjefm-1159	31	30	fourth	fourth	ADJ
arjefm-1159	31	31	quarter	quarter	NOUN
arjefm-1159	31	32	of	of	ADP
arjefm-1159	31	33	2019	2019	NUM
arjefm-1159	31	34	it	it	PRON
arjefm-1159	31	35	shrank	shrink	VERB
arjefm-1159	31	36	by	by	ADP
arjefm-1159	31	37	1.4	1.4	NUM
arjefm-1159	31	38	%	%	NOUN
arjefm-1159	31	39	(	(	PUNCT
arjefm-1159	31	40	world	world	PROPN
arjefm-1159	31	41	bank	bank	PROPN
arjefm-1159	31	42	,	,	PUNCT
arjefm-1159	31	43	2020	2020	NUM
arjefm-1159	31	44	;	;	PUNCT
arjefm-1159	31	45	statsza	statsza	NOUN
arjefm-1159	31	46	,	,	PUNCT
arjefm-1159	31	47	2020	2020	NUM
arjefm-1159	31	48	)	)	PUNCT
arjefm-1159	31	49	.	.	PUNCT
arjefm-1159	32	1	under	under	ADP
arjefm-1159	32	2	the	the	DET
arjefm-1159	32	3	terms	term	NOUN
arjefm-1159	32	4	of	of	ADP
arjefm-1159	32	5	the	the	DET
arjefm-1159	32	6	lagos	lagos	PROPN
arjefm-1159	32	7	stock	stock	PROPN
arjefm-1159	32	8	exchange	exchange	PROPN
arjefm-1159	32	9	act	act	PROPN
arjefm-1159	32	10	1961	1961	NUM
arjefm-1159	32	11	,	,	PUNCT
arjefm-1159	32	12	the	the	DET
arjefm-1159	32	13	capital	capital	NOUN
arjefm-1159	32	14	market	market	NOUN
arjefm-1159	32	15	in	in	ADP
arjefm-1159	32	16	nigeria	nigeria	PROPN
arjefm-1159	32	17	officially	officially	ADV
arjefm-1159	32	18	began	begin	VERB
arjefm-1159	32	19	operations	operation	NOUN
arjefm-1159	32	20	on	on	ADP
arjefm-1159	32	21	june	june	PROPN
arjefm-1159	32	22	5	5	NUM
arjefm-1159	32	23	,	,	PUNCT
arjefm-1159	32	24	1961	1961	NUM
arjefm-1159	32	25	.	.	PUNCT
arjefm-1159	33	1	the	the	DET
arjefm-1159	33	2	nigerian	nigerian	ADJ
arjefm-1159	33	3	stock	stock	NOUN
arjefm-1159	33	4	exchange	exchange	NOUN
arjefm-1159	33	5	was	be	AUX
arjefm-1159	33	6	renamed	rename	VERB
arjefm-1159	33	7	as	as	ADP
arjefm-1159	33	8	the	the	DET
arjefm-1159	33	9	nigerian	nigerian	ADJ
arjefm-1159	33	10	stock	stock	NOUN
arjefm-1159	33	11	exchange	exchange	NOUN
arjefm-1159	33	12	in	in	ADP
arjefm-1159	33	13	december	december	PROPN
arjefm-1159	33	14	1977	1977	NUM
arjefm-1159	33	15	following	follow	VERB
arjefm-1159	33	16	an	an	DET
arjefm-1159	33	17	examination	examination	NOUN
arjefm-1159	33	18	of	of	ADP
arjefm-1159	33	19	the	the	DET
arjefm-1159	33	20	country	country	NOUN
arjefm-1159	33	21	's	's	PART
arjefm-1159	33	22	financial	financial	ADJ
arjefm-1159	33	23	system	system	NOUN
arjefm-1159	33	24	(	(	PUNCT
arjefm-1159	33	25	cbn	cbn	PROPN
arjefm-1159	33	26	,	,	PUNCT
arjefm-1159	33	27	2007	2007	NUM
arjefm-1159	33	28	)	)	PUNCT
arjefm-1159	33	29	.	.	PUNCT
arjefm-1159	34	1	although	although	SCONJ
arjefm-1159	34	2	the	the	DET
arjefm-1159	34	3	securities	security	NOUN
arjefm-1159	34	4	and	and	CCONJ
arjefm-1159	34	5	exchange	exchange	PROPN
arjefm-1159	34	6	commission	commission	PROPN
arjefm-1159	34	7	(	(	PUNCT
arjefm-1159	34	8	sec	sec	PROPN
arjefm-1159	34	9	)	)	PUNCT
arjefm-1159	34	10	was	be	AUX
arjefm-1159	34	11	created	create	VERB
arjefm-1159	34	12	to	to	PART
arjefm-1159	34	13	oversee	oversee	VERB
arjefm-1159	34	14	the	the	DET
arjefm-1159	34	15	capital	capital	NOUN
arjefm-1159	34	16	market	market	NOUN
arjefm-1159	34	17	in	in	ADP
arjefm-1159	34	18	1979	1979	NUM
arjefm-1159	34	19	by	by	ADP
arjefm-1159	34	20	the	the	DET
arjefm-1159	34	21	sec	sec	PROPN
arjefm-1159	34	22	act	act	NOUN
arjefm-1159	34	23	of	of	ADP
arjefm-1159	34	24	1979	1979	NUM
arjefm-1159	34	25	,	,	PUNCT
arjefm-1159	34	26	it	it	PRON
arjefm-1159	34	27	did	do	AUX
arjefm-1159	34	28	n't	not	PART
arjefm-1159	34	29	start	start	VERB
arjefm-1159	34	30	operating	operate	VERB
arjefm-1159	34	31	until	until	ADP
arjefm-1159	34	32	1980	1980	NUM
arjefm-1159	34	33	.	.	PUNCT
arjefm-1159	35	1	the	the	DET
arjefm-1159	35	2	1973	1973	NUM
arjefm-1159	35	3	-	-	PUNCT
arjefm-1159	35	4	founded	found	VERB
arjefm-1159	35	5	capital	capital	NOUN
arjefm-1159	35	6	issues	issue	NOUN
arjefm-1159	35	7	commission	commission	PROPN
arjefm-1159	35	8	lost	lose	VERB
arjefm-1159	35	9	its	its	PRON
arjefm-1159	35	10	regulatory	regulatory	ADJ
arjefm-1159	35	11	responsibilities	responsibility	NOUN
arjefm-1159	35	12	to	to	ADP
arjefm-1159	35	13	it	it	PRON
arjefm-1159	35	14	.	.	PUNCT
arjefm-1159	36	1	since	since	SCONJ
arjefm-1159	36	2	then	then	ADV
arjefm-1159	36	3	,	,	PUNCT
arjefm-1159	36	4	both	both	CCONJ
arjefm-1159	36	5	new	new	ADJ
arjefm-1159	36	6	and	and	CCONJ
arjefm-1159	36	7	established	establish	VERB
arjefm-1159	36	8	businesses	business	NOUN
arjefm-1159	36	9	have	have	AUX
arjefm-1159	36	10	issued	issue	VERB
arjefm-1159	36	11	a	a	DET
arjefm-1159	36	12	variety	variety	NOUN
arjefm-1159	36	13	of	of	ADP
arjefm-1159	36	14	financial	financial	ADJ
arjefm-1159	36	15	instruments	instrument	NOUN
arjefm-1159	36	16	on	on	ADP
arjefm-1159	36	17	the	the	DET
arjefm-1159	36	18	capital	capital	NOUN
arjefm-1159	36	19	market	market	NOUN
arjefm-1159	36	20	to	to	PART
arjefm-1159	36	21	finance	finance	VERB
arjefm-1159	36	22	the	the	DET
arjefm-1159	36	23	creation	creation	NOUN
arjefm-1159	36	24	of	of	ADP
arjefm-1159	36	25	new	new	ADJ
arjefm-1159	36	26	products	product	NOUN
arjefm-1159	36	27	,	,	PUNCT
arjefm-1159	36	28	new	new	ADJ
arjefm-1159	36	29	initiatives	initiative	NOUN
arjefm-1159	36	30	,	,	PUNCT
arjefm-1159	36	31	or	or	CCONJ
arjefm-1159	36	32	general	general	ADJ
arjefm-1159	36	33	business	business	NOUN
arjefm-1159	36	34	expansion	expansion	NOUN
arjefm-1159	36	35	.	.	PUNCT
arjefm-1159	37	1	the	the	DET
arjefm-1159	37	2	nigerian	nigerian	ADJ
arjefm-1159	37	3	stock	stock	NOUN
arjefm-1159	37	4	exchange	exchange	PROPN
arjefm-1159	37	5	,	,	PUNCT
arjefm-1159	37	6	discount	discount	NOUN
arjefm-1159	37	7	houses	house	NOUN
arjefm-1159	37	8	,	,	PUNCT
arjefm-1159	37	9	development	development	NOUN
arjefm-1159	37	10	and	and	CCONJ
arjefm-1159	37	11	investment	investment	NOUN
arjefm-1159	37	12	banks	bank	NOUN
arjefm-1159	37	13	,	,	PUNCT
arjefm-1159	37	14	building	build	VERB
arjefm-1159	37	15	societies	society	NOUN
arjefm-1159	37	16	,	,	PUNCT
arjefm-1159	37	17	stock	stock	NOUN
arjefm-1159	37	18	brokering	brokering	NOUN
arjefm-1159	37	19	firms	firm	NOUN
arjefm-1159	37	20	,	,	PUNCT
arjefm-1159	37	21	insurance	insurance	NOUN
arjefm-1159	37	22	and	and	CCONJ
arjefm-1159	37	23	pension	pension	NOUN
arjefm-1159	37	24	organisations	organisation	NOUN
arjefm-1159	37	25	,	,	PUNCT
arjefm-1159	37	26	quoted	quote	VERB
arjefm-1159	37	27	companies	company	NOUN
arjefm-1159	37	28	,	,	PUNCT
arjefm-1159	37	29	the	the	DET
arjefm-1159	37	30	government	government	NOUN
arjefm-1159	37	31	,	,	PUNCT
arjefm-1159	37	32	individuals	individual	NOUN
arjefm-1159	37	33	,	,	PUNCT
arjefm-1159	37	34	and	and	CCONJ
arjefm-1159	37	35	the	the	DET
arjefm-1159	37	36	nigerian	nigerian	ADJ
arjefm-1159	37	37	stock	stock	PROPN
arjefm-1159	37	38	exchange	exchange	PROPN
arjefm-1159	37	39	commission	commission	PROPN
arjefm-1159	37	40	(	(	PUNCT
arjefm-1159	37	41	nsec	nsec	PROPN
arjefm-1159	37	42	)	)	PUNCT
arjefm-1159	37	43	are	be	AUX
arjefm-1159	37	44	among	among	ADP
arjefm-1159	37	45	the	the	DET
arjefm-1159	37	46	participants	participant	NOUN
arjefm-1159	37	47	in	in	ADP
arjefm-1159	37	48	the	the	DET
arjefm-1159	37	49	nigerian	nigerian	ADJ
arjefm-1159	37	50	capital	capital	NOUN
arjefm-1159	37	51	market	market	NOUN
arjefm-1159	37	52	.	.	PUNCT
arjefm-1159	38	1	for	for	ADP
arjefm-1159	38	2	this	this	DET
arjefm-1159	38	3	reason	reason	NOUN
arjefm-1159	38	4	,	,	PUNCT
arjefm-1159	38	5	the	the	DET
arjefm-1159	38	6	capital	capital	NOUN
arjefm-1159	38	7	market	market	NOUN
arjefm-1159	38	8	is	be	AUX
arjefm-1159	38	9	critical	critical	ADJ
arjefm-1159	38	10	to	to	ADP
arjefm-1159	38	11	every	every	DET
arjefm-1159	38	12	economy	economy	NOUN
arjefm-1159	38	13	as	as	SCONJ
arjefm-1159	38	14	it	it	PRON
arjefm-1159	38	15	promotes	promote	VERB
arjefm-1159	38	16	long	long	ADJ
arjefm-1159	38	17	-	-	PUNCT
arjefm-1159	38	18	term	term	NOUN
arjefm-1159	38	19	savings	saving	NOUN
arjefm-1159	38	20	that	that	PRON
arjefm-1159	38	21	are	be	AUX
arjefm-1159	38	22	directed	direct	VERB
arjefm-1159	38	23	towards	towards	ADP
arjefm-1159	38	24	actual	actual	ADJ
arjefm-1159	38	25	investments	investment	NOUN
arjefm-1159	38	26	in	in	ADP
arjefm-1159	38	27	order	order	NOUN
arjefm-1159	38	28	to	to	PART
arjefm-1159	38	29	raise	raise	VERB
arjefm-1159	38	30	capital	capital	NOUN
arjefm-1159	38	31	stock	stock	NOUN
arjefm-1159	38	32	.	.	PUNCT
arjefm-1159	39	1	the	the	DET
arjefm-1159	39	2	key	key	ADJ
arjefm-1159	39	3	objectives	objective	NOUN
arjefm-1159	39	4	of	of	ADP
arjefm-1159	39	5	the	the	DET
arjefm-1159	39	6	establishment	establishment	NOUN
arjefm-1159	39	7	of	of	ADP
arjefm-1159	39	8	the	the	DET
arjefm-1159	39	9	nigerian	nigerian	ADJ
arjefm-1159	39	10	capital	capital	NOUN
arjefm-1159	39	11	market	market	NOUN
arjefm-1159	39	12	,	,	PUNCT
arjefm-1159	39	13	according	accord	VERB
arjefm-1159	39	14	to	to	ADP
arjefm-1159	39	15	ewah	ewah	PROPN
arjefm-1159	39	16	,	,	PUNCT
arjefm-1159	39	17	et	et	PROPN
arjefm-1159	39	18	al	al	PROPN
arjefm-1159	39	19	.	.	PROPN
arjefm-1159	39	20	,	,	PUNCT
arjefm-1159	39	21	(	(	PUNCT
arjefm-1159	39	22	2009	2009	NUM
arjefm-1159	39	23	)	)	PUNCT
arjefm-1159	39	24	,	,	PUNCT
arjefm-1159	39	25	were	be	AUX
arjefm-1159	39	26	to	to	PART
arjefm-1159	39	27	widen	widen	VERB
arjefm-1159	39	28	the	the	DET
arjefm-1159	39	29	ownership	ownership	NOUN
arjefm-1159	39	30	base	base	NOUN
arjefm-1159	39	31	of	of	ADP
arjefm-1159	39	32	assets	asset	NOUN
arjefm-1159	39	33	,	,	PUNCT
arjefm-1159	39	34	create	create	VERB
arjefm-1159	39	35	a	a	DET
arjefm-1159	39	36	buoyant	buoyant	ADJ
arjefm-1159	39	37	private	private	ADJ
arjefm-1159	39	38	sector	sector	NOUN
arjefm-1159	39	39	,	,	PUNCT
arjefm-1159	39	40	provide	provide	VERB
arjefm-1159	39	41	investors	investor	NOUN
arjefm-1159	39	42	with	with	ADP
arjefm-1159	39	43	adequate	adequate	ADJ
arjefm-1159	39	44	liquidity	liquidity	NOUN
arjefm-1159	39	45	,	,	PUNCT
arjefm-1159	39	46	and	and	CCONJ
arjefm-1159	39	47	mobilise	mobilise	VERB
arjefm-1159	39	48	savings	saving	NOUN
arjefm-1159	39	49	from	from	ADP
arjefm-1159	39	50	various	various	ADJ
arjefm-1159	39	51	economic	economic	ADJ
arjefm-1159	39	52	units	unit	NOUN
arjefm-1159	39	53	for	for	ADP
arjefm-1159	39	54	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	39	55	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	39	56	american	american	PROPN
arjefm-1159	39	57	research	research	PROPN
arjefm-1159	39	58	journal	journal	PROPN
arjefm-1159	39	59	of	of	ADP
arjefm-1159	39	60	economics	economic	NOUN
arjefm-1159	39	61	,	,	PUNCT
arjefm-1159	39	62	finance	finance	NOUN
arjefm-1159	39	63	and	and	CCONJ
arjefm-1159	39	64	management	management	NOUN
arjefm-1159	39	65	volume	volume	NOUN
arjefm-1159	39	66	12	12	NUM
arjefm-1159	39	67	issue	issue	NOUN
arjefm-1159	39	68	3	3	NUM
arjefm-1159	39	69	,	,	PUNCT
arjefm-1159	39	70	july	july	PROPN
arjefm-1159	39	71	-	-	PUNCT
arjefm-1159	39	72	september	september	PROPN
arjefm-1159	39	73	2024	2024	NUM
arjefm-1159	39	74	issn	issn	NOUN
arjefm-1159	39	75	:	:	PUNCT
arjefm-1159	39	76	2836	2836	NUM
arjefm-1159	39	77	-	-	SYM
arjefm-1159	39	78	9416	9416	NUM
arjefm-1159	39	79	impact	impact	NOUN
arjefm-1159	39	80	factor	factor	NOUN
arjefm-1159	39	81	:	:	PUNCT
arjefm-1159	39	82	4.85	4.85	NUM
arjefm-1159	39	83	journal	journal	NOUN
arjefm-1159	39	84	homepage	homepage	NOUN
arjefm-1159	39	85	:	:	PUNCT
arjefm-1159	39	86	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	39	87	,	,	PUNCT
arjefm-1159	39	88	email	email	NOUN
arjefm-1159	39	89	:	:	PUNCT
arjefm-1159	39	90	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	39	91	official	official	ADJ
arjefm-1159	39	92	journal	journal	PROPN
arjefm-1159	39	93	of	of	ADP
arjefm-1159	39	94	america	america	PROPN
arjefm-1159	39	95	serial	serial	PROPN
arjefm-1159	39	96	publication	publication	NOUN
arjefm-1159	39	97	american	american	PROPN
arjefm-1159	39	98	research	research	PROPN
arjefm-1159	39	99	journal	journal	PROPN
arjefm-1159	39	100	of	of	ADP
arjefm-1159	39	101	economics	economic	NOUN
arjefm-1159	39	102	,	,	PUNCT
arjefm-1159	39	103	finance	finance	NOUN
arjefm-1159	39	104	and	and	CCONJ
arjefm-1159	39	105	management	management	NOUN
arjefm-1159	39	106	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	39	107	,	,	PUNCT
arjefm-1159	39	108	email	email	NOUN
arjefm-1159	39	109	:	:	PUNCT
arjefm-1159	40	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	40	2	109	109	NUM
arjefm-1159	41	1	|	|	ADV
arjefm-1159	41	2	p	p	NOUN
arjefm-1159	41	3	a	a	DET
arjefm-1159	41	4	g	g	NOUN
arjefm-1159	41	5	e	e	X
arjefm-1159	41	6	economic	economic	ADJ
arjefm-1159	41	7	growth	growth	NOUN
arjefm-1159	41	8	and	and	CCONJ
arjefm-1159	41	9	development	development	NOUN
arjefm-1159	41	10	.	.	PUNCT
arjefm-1159	42	1	it	it	PRON
arjefm-1159	42	2	also	also	ADV
arjefm-1159	42	3	served	serve	VERB
arjefm-1159	42	4	as	as	ADP
arjefm-1159	42	5	an	an	DET
arjefm-1159	42	6	alternative	alternative	ADJ
arjefm-1159	42	7	source	source	NOUN
arjefm-1159	42	8	of	of	ADP
arjefm-1159	42	9	funding	funding	NOUN
arjefm-1159	42	10	for	for	ADP
arjefm-1159	42	11	the	the	DET
arjefm-1159	42	12	government	government	NOUN
arjefm-1159	42	13	.	.	PUNCT
arjefm-1159	43	1	creating	create	VERB
arjefm-1159	43	2	a	a	DET
arjefm-1159	43	3	built	build	VERB
arjefm-1159	43	4	-	-	PUNCT
arjefm-1159	43	5	in	in	ADP
arjefm-1159	43	6	efficiency	efficiency	NOUN
arjefm-1159	43	7	in	in	ADP
arjefm-1159	43	8	the	the	DET
arjefm-1159	43	9	financial	financial	ADJ
arjefm-1159	43	10	system	system	NOUN
arjefm-1159	43	11	's	's	PART
arjefm-1159	43	12	operations	operation	NOUN
arjefm-1159	43	13	and	and	CCONJ
arjefm-1159	43	14	allocation	allocation	NOUN
arjefm-1159	43	15	to	to	PART
arjefm-1159	43	16	ensure	ensure	VERB
arjefm-1159	43	17	optimal	optimal	ADJ
arjefm-1159	43	18	resource	resource	NOUN
arjefm-1159	43	19	utilisation	utilisation	NOUN
arjefm-1159	43	20	,	,	PUNCT
arjefm-1159	43	21	encouraging	encourage	VERB
arjefm-1159	43	22	more	more	ADJ
arjefm-1159	43	23	efficient	efficient	ADJ
arjefm-1159	43	24	allocation	allocation	NOUN
arjefm-1159	43	25	of	of	ADP
arjefm-1159	43	26	new	new	ADJ
arjefm-1159	43	27	investments	investment	NOUN
arjefm-1159	43	28	through	through	ADP
arjefm-1159	43	29	the	the	DET
arjefm-1159	43	30	price	price	NOUN
arjefm-1159	43	31	mechanism	mechanism	NOUN
arjefm-1159	43	32	,	,	PUNCT
arjefm-1159	43	33	encouraging	encourage	VERB
arjefm-1159	43	34	more	more	ADJ
arjefm-1159	43	35	efficient	efficient	ADJ
arjefm-1159	43	36	allocation	allocation	NOUN
arjefm-1159	43	37	of	of	ADP
arjefm-1159	43	38	a	a	DET
arjefm-1159	43	39	given	give	VERB
arjefm-1159	43	40	amount	amount	NOUN
arjefm-1159	43	41	of	of	ADP
arjefm-1159	43	42	tangible	tangible	ADJ
arjefm-1159	43	43	wealth	wealth	NOUN
arjefm-1159	43	44	through	through	ADP
arjefm-1159	43	45	changes	change	NOUN
arjefm-1159	43	46	in	in	ADP
arjefm-1159	43	47	wealth	wealth	NOUN
arjefm-1159	43	48	composition	composition	NOUN
arjefm-1159	43	49	and	and	CCONJ
arjefm-1159	43	50	ownership	ownership	NOUN
arjefm-1159	43	51	,	,	PUNCT
arjefm-1159	43	52	and	and	CCONJ
arjefm-1159	43	53	promoting	promote	VERB
arjefm-1159	43	54	rapid	rapid	ADJ
arjefm-1159	43	55	capital	capital	NOUN
arjefm-1159	43	56	formation	formation	NOUN
arjefm-1159	43	57	are	be	AUX
arjefm-1159	43	58	some	some	DET
arjefm-1159	43	59	other	other	ADJ
arjefm-1159	43	60	goals	goal	NOUN
arjefm-1159	43	61	.	.	PUNCT
arjefm-1159	44	1	among	among	ADP
arjefm-1159	44	2	the	the	DET
arjefm-1159	44	3	frequently	frequently	ADV
arjefm-1159	44	4	used	use	VERB
arjefm-1159	44	5	indicators	indicator	NOUN
arjefm-1159	44	6	of	of	ADP
arjefm-1159	44	7	the	the	DET
arjefm-1159	44	8	nigerian	nigerian	ADJ
arjefm-1159	44	9	capital	capital	NOUN
arjefm-1159	44	10	market	market	NOUN
arjefm-1159	44	11	are	be	AUX
arjefm-1159	44	12	all	all	DET
arjefm-1159	44	13	-	-	PUNCT
arjefm-1159	44	14	share	share	NOUN
arjefm-1159	44	15	index	index	NOUN
arjefm-1159	44	16	(	(	PUNCT
arjefm-1159	44	17	asi	asi	NOUN
arjefm-1159	44	18	)	)	PUNCT
arjefm-1159	44	19	,	,	PUNCT
arjefm-1159	44	20	market	market	NOUN
arjefm-1159	44	21	capitalisation	capitalisation	NOUN
arjefm-1159	44	22	(	(	PUNCT
arjefm-1159	44	23	mcap	mcap	NOUN
arjefm-1159	44	24	)	)	PUNCT
arjefm-1159	44	25	,	,	PUNCT
arjefm-1159	44	26	trading	trading	NOUN
arjefm-1159	44	27	volume	volume	NOUN
arjefm-1159	44	28	and	and	CCONJ
arjefm-1159	44	29	value	value	NOUN
arjefm-1159	44	30	(	(	PUNCT
arjefm-1159	44	31	tvv	tvv	NOUN
arjefm-1159	44	32	)	)	PUNCT
arjefm-1159	44	33	,	,	PUNCT
arjefm-1159	44	34	number	number	NOUN
arjefm-1159	44	35	of	of	ADP
arjefm-1159	44	36	listings	listing	NOUN
arjefm-1159	44	37	(	(	PUNCT
arjefm-1159	44	38	nol	nol	NOUN
arjefm-1159	44	39	)	)	PUNCT
arjefm-1159	44	40	,	,	PUNCT
arjefm-1159	44	41	initial	initial	ADJ
arjefm-1159	44	42	public	public	ADJ
arjefm-1159	44	43	offers	offer	NOUN
arjefm-1159	44	44	(	(	PUNCT
arjefm-1159	44	45	ipobs	ipob	NOUN
arjefm-1159	44	46	)	)	PUNCT
arjefm-1159	44	47	,	,	PUNCT
arjefm-1159	44	48	market	market	NOUN
arjefm-1159	44	49	liquidity	liquidity	NOUN
arjefm-1159	44	50	(	(	PUNCT
arjefm-1159	44	51	ml	ml	NOUN
arjefm-1159	44	52	)	)	PUNCT
arjefm-1159	44	53	,	,	PUNCT
arjefm-1159	44	54	regulatory	regulatory	ADJ
arjefm-1159	44	55	effectiveness	effectiveness	NOUN
arjefm-1159	44	56	(	(	PUNCT
arjefm-1159	44	57	re	re	NOUN
arjefm-1159	44	58	)	)	PUNCT
arjefm-1159	44	59	,	,	PUNCT
arjefm-1159	44	60	infrastructure	infrastructure	NOUN
arjefm-1159	44	61	and	and	CCONJ
arjefm-1159	44	62	technology	technology	NOUN
arjefm-1159	44	63	(	(	PUNCT
arjefm-1159	44	64	it	it	PRON
arjefm-1159	44	65	)	)	PUNCT
arjefm-1159	44	66	,	,	PUNCT
arjefm-1159	44	67	investor	investor	NOUN
arjefm-1159	44	68	sentiment	sentiment	NOUN
arjefm-1159	44	69	(	(	PUNCT
arjefm-1159	44	70	is	be	AUX
arjefm-1159	44	71	)	)	PUNCT
arjefm-1159	44	72	,	,	PUNCT
arjefm-1159	44	73	and	and	CCONJ
arjefm-1159	44	74	economic	economic	ADJ
arjefm-1159	44	75	indicators	indicator	NOUN
arjefm-1159	44	76	(	(	PUNCT
arjefm-1159	44	77	eis	eis	PROPN
arjefm-1159	44	78	)	)	PUNCT
arjefm-1159	44	79	.	.	PUNCT
arjefm-1159	45	1	in	in	ADP
arjefm-1159	45	2	addition	addition	NOUN
arjefm-1159	45	3	,	,	PUNCT
arjefm-1159	45	4	the	the	DET
arjefm-1159	45	5	nse-30	nse-30	NOUN
arjefm-1159	45	6	index	index	NOUN
arjefm-1159	45	7	,	,	PUNCT
arjefm-1159	45	8	nse	nse	NOUN
arjefm-1159	45	9	consumer	consumer	NOUN
arjefm-1159	45	10	goods	good	NOUN
arjefm-1159	45	11	index	index	NOUN
arjefm-1159	45	12	,	,	PUNCT
arjefm-1159	45	13	nse	nse	PROPN
arjefm-1159	45	14	industrial	industrial	PROPN
arjefm-1159	45	15	index	index	NOUN
arjefm-1159	45	16	,	,	PUNCT
arjefm-1159	45	17	nse	nse	NOUN
arjefm-1159	45	18	banking	banking	NOUN
arjefm-1159	45	19	index	index	NOUN
arjefm-1159	45	20	,	,	PUNCT
arjefm-1159	45	21	and	and	CCONJ
arjefm-1159	45	22	nse	nse	NOUN
arjefm-1159	45	23	oil	oil	NOUN
arjefm-1159	45	24	and	and	CCONJ
arjefm-1159	45	25	gas	gas	NOUN
arjefm-1159	45	26	index	index	NOUN
arjefm-1159	45	27	are	be	AUX
arjefm-1159	45	28	among	among	ADP
arjefm-1159	45	29	the	the	DET
arjefm-1159	45	30	particular	particular	ADJ
arjefm-1159	45	31	indicators	indicator	NOUN
arjefm-1159	45	32	used	use	VERB
arjefm-1159	45	33	to	to	PART
arjefm-1159	45	34	assess	assess	VERB
arjefm-1159	45	35	the	the	DET
arjefm-1159	45	36	nigerian	nigerian	ADJ
arjefm-1159	45	37	capital	capital	NOUN
arjefm-1159	45	38	market	market	NOUN
arjefm-1159	45	39	.	.	PUNCT
arjefm-1159	46	1	these	these	DET
arjefm-1159	46	2	benchmarks	benchmark	NOUN
arjefm-1159	46	3	aid	aid	VERB
arjefm-1159	46	4	in	in	ADP
arjefm-1159	46	5	evaluating	evaluate	VERB
arjefm-1159	46	6	the	the	DET
arjefm-1159	46	7	health	health	NOUN
arjefm-1159	46	8	and	and	CCONJ
arjefm-1159	46	9	progress	progress	NOUN
arjefm-1159	46	10	of	of	ADP
arjefm-1159	46	11	nigerian	nigerian	ADJ
arjefm-1159	46	12	capital	capital	NOUN
arjefm-1159	46	13	market	market	NOUN
arjefm-1159	46	14	,	,	PUNCT
arjefm-1159	46	15	pinpointing	pinpoint	VERB
arjefm-1159	46	16	prospects	prospect	NOUN
arjefm-1159	46	17	for	for	ADP
arjefm-1159	46	18	expansion	expansion	NOUN
arjefm-1159	46	19	as	as	ADV
arjefm-1159	46	20	well	well	ADV
arjefm-1159	46	21	as	as	ADP
arjefm-1159	46	22	areas	area	NOUN
arjefm-1159	46	23	in	in	ADP
arjefm-1159	46	24	need	need	NOUN
arjefm-1159	46	25	of	of	ADP
arjefm-1159	46	26	reform	reform	NOUN
arjefm-1159	46	27	.	.	PUNCT
arjefm-1159	47	1	in	in	ADP
arjefm-1159	47	2	light	light	NOUN
arjefm-1159	47	3	of	of	ADP
arjefm-1159	47	4	aforementioned	aforementioned	ADJ
arjefm-1159	47	5	context	context	NOUN
arjefm-1159	47	6	,	,	PUNCT
arjefm-1159	47	7	this	this	DET
arjefm-1159	47	8	study	study	NOUN
arjefm-1159	47	9	was	be	AUX
arjefm-1159	47	10	conducted	conduct	VERB
arjefm-1159	47	11	to	to	PART
arjefm-1159	47	12	assess	assess	VERB
arjefm-1159	47	13	how	how	SCONJ
arjefm-1159	47	14	nigeria	nigeria	PROPN
arjefm-1159	47	15	's	's	PART
arjefm-1159	47	16	capital	capital	NOUN
arjefm-1159	47	17	market	market	NOUN
arjefm-1159	47	18	development	development	NOUN
arjefm-1159	47	19	has	have	AUX
arjefm-1159	47	20	affected	affect	VERB
arjefm-1159	47	21	the	the	DET
arjefm-1159	47	22	country	country	NOUN
arjefm-1159	47	23	's	's	PART
arjefm-1159	47	24	economic	economic	ADJ
arjefm-1159	47	25	growth	growth	NOUN
arjefm-1159	47	26	from	from	ADP
arjefm-1159	47	27	1986	1986	NUM
arjefm-1159	47	28	to	to	ADP
arjefm-1159	47	29	2023	2023	NUM
arjefm-1159	47	30	.	.	PUNCT
arjefm-1159	48	1	prior	prior	ADJ
arjefm-1159	48	2	researchers	researcher	NOUN
arjefm-1159	48	3	have	have	AUX
arjefm-1159	48	4	examined	examine	VERB
arjefm-1159	48	5	a	a	DET
arjefm-1159	48	6	wide	wide	ADJ
arjefm-1159	48	7	range	range	NOUN
arjefm-1159	48	8	of	of	ADP
arjefm-1159	48	9	aforementioned	aforementioned	ADJ
arjefm-1159	48	10	capital	capital	NOUN
arjefm-1159	48	11	market	market	NOUN
arjefm-1159	48	12	development	development	NOUN
arjefm-1159	48	13	in	in	ADP
arjefm-1159	48	14	relation	relation	NOUN
arjefm-1159	48	15	to	to	ADP
arjefm-1159	48	16	nigeria	nigeria	PROPN
arjefm-1159	48	17	's	's	PART
arjefm-1159	48	18	economic	economic	ADJ
arjefm-1159	48	19	growth	growth	NOUN
arjefm-1159	48	20	.	.	PUNCT
arjefm-1159	49	1	as	as	ADP
arjefm-1159	49	2	a	a	DET
arjefm-1159	49	3	result	result	NOUN
arjefm-1159	49	4	of	of	ADP
arjefm-1159	49	5	changes	change	NOUN
arjefm-1159	49	6	in	in	ADP
arjefm-1159	49	7	global	global	ADJ
arjefm-1159	49	8	economic	economic	ADJ
arjefm-1159	49	9	events	event	NOUN
arjefm-1159	49	10	,	,	PUNCT
arjefm-1159	49	11	policy	policy	NOUN
arjefm-1159	49	12	reforms	reform	NOUN
arjefm-1159	49	13	,	,	PUNCT
arjefm-1159	49	14	and	and	CCONJ
arjefm-1159	49	15	macroeconomic	macroeconomic	ADJ
arjefm-1159	49	16	conditions	condition	NOUN
arjefm-1159	49	17	,	,	PUNCT
arjefm-1159	49	18	the	the	DET
arjefm-1159	49	19	strength	strength	NOUN
arjefm-1159	49	20	of	of	ADP
arjefm-1159	49	21	these	these	DET
arjefm-1159	49	22	associations	association	NOUN
arjefm-1159	49	23	has	have	AUX
arjefm-1159	49	24	fluctuated	fluctuate	VERB
arjefm-1159	49	25	over	over	ADP
arjefm-1159	49	26	time	time	NOUN
arjefm-1159	49	27	.	.	PUNCT
arjefm-1159	50	1	therefore	therefore	ADV
arjefm-1159	50	2	,	,	PUNCT
arjefm-1159	50	3	the	the	DET
arjefm-1159	50	4	problem	problem	NOUN
arjefm-1159	50	5	of	of	ADP
arjefm-1159	50	6	this	this	DET
arjefm-1159	50	7	study	study	NOUN
arjefm-1159	50	8	was	be	AUX
arjefm-1159	50	9	to	to	PART
arjefm-1159	50	10	determine	determine	VERB
arjefm-1159	50	11	,	,	PUNCT
arjefm-1159	50	12	how	how	SCONJ
arjefm-1159	50	13	between	between	ADP
arjefm-1159	50	14	1986	1986	NUM
arjefm-1159	50	15	and	and	CCONJ
arjefm-1159	50	16	2023	2023	NUM
arjefm-1159	50	17	,	,	PUNCT
arjefm-1159	50	18	nigeria	nigeria	PROPN
arjefm-1159	50	19	's	's	PART
arjefm-1159	50	20	economic	economic	ADJ
arjefm-1159	50	21	growth	growth	NOUN
arjefm-1159	50	22	was	be	AUX
arjefm-1159	50	23	swayed	sway	VERB
arjefm-1159	50	24	by	by	ADP
arjefm-1159	50	25	market	market	NOUN
arjefm-1159	50	26	capitalisation	capitalisation	NOUN
arjefm-1159	50	27	and	and	CCONJ
arjefm-1159	50	28	all	all	DET
arjefm-1159	50	29	-	-	PUNCT
arjefm-1159	50	30	share	share	NOUN
arjefm-1159	50	31	index	index	NOUN
arjefm-1159	50	32	.	.	PUNCT
arjefm-1159	51	1	this	this	DET
arjefm-1159	51	2	study	study	NOUN
arjefm-1159	51	3	focuses	focus	VERB
arjefm-1159	51	4	on	on	ADP
arjefm-1159	51	5	two	two	NUM
arjefm-1159	51	6	key	key	ADJ
arjefm-1159	51	7	indicators	indicator	NOUN
arjefm-1159	51	8	of	of	ADP
arjefm-1159	51	9	capital	capital	NOUN
arjefm-1159	51	10	market	market	NOUN
arjefm-1159	51	11	development	development	NOUN
arjefm-1159	51	12	the	the	DET
arjefm-1159	51	13	all	all	DET
arjefm-1159	51	14	-	-	PUNCT
arjefm-1159	51	15	share	share	NOUN
arjefm-1159	51	16	index	index	NOUN
arjefm-1159	51	17	and	and	CCONJ
arjefm-1159	51	18	market	market	NOUN
arjefm-1159	51	19	capitalization	capitalization	NOUN
arjefm-1159	51	20	to	to	PART
arjefm-1159	51	21	delve	delve	VERB
arjefm-1159	51	22	deeper	deeply	ADV
arjefm-1159	51	23	into	into	ADP
arjefm-1159	51	24	their	their	PRON
arjefm-1159	51	25	relationship	relationship	NOUN
arjefm-1159	51	26	.	.	PUNCT
arjefm-1159	52	1	extending	extend	VERB
arjefm-1159	52	2	analysis	analysis	NOUN
arjefm-1159	52	3	period	period	NOUN
arjefm-1159	52	4	to	to	ADP
arjefm-1159	52	5	2023	2023	NUM
arjefm-1159	52	6	provides	provide	VERB
arjefm-1159	52	7	a	a	DET
arjefm-1159	52	8	more	more	ADV
arjefm-1159	52	9	contemporary	contemporary	ADJ
arjefm-1159	52	10	perspective	perspective	NOUN
arjefm-1159	52	11	,	,	PUNCT
arjefm-1159	52	12	setting	set	VERB
arjefm-1159	52	13	this	this	DET
arjefm-1159	52	14	study	study	NOUN
arjefm-1159	52	15	apart	apart	ADV
arjefm-1159	52	16	from	from	ADP
arjefm-1159	52	17	previous	previous	ADJ
arjefm-1159	52	18	research	research	NOUN
arjefm-1159	52	19	.	.	PUNCT
arjefm-1159	53	1	in	in	ADP
arjefm-1159	53	2	line	line	NOUN
arjefm-1159	53	3	with	with	ADP
arjefm-1159	53	4	the	the	DET
arjefm-1159	53	5	research	research	NOUN
arjefm-1159	53	6	problem	problem	NOUN
arjefm-1159	53	7	,	,	PUNCT
arjefm-1159	53	8	this	this	DET
arjefm-1159	53	9	study	study	NOUN
arjefm-1159	53	10	aims	aim	VERB
arjefm-1159	53	11	to	to	PART
arjefm-1159	53	12	understand	understand	VERB
arjefm-1159	53	13	how	how	SCONJ
arjefm-1159	53	14	the	the	DET
arjefm-1159	53	15	all	all	DET
arjefm-1159	53	16	-	-	PUNCT
arjefm-1159	53	17	share	share	NOUN
arjefm-1159	53	18	index	index	NOUN
arjefm-1159	53	19	(	(	PUNCT
arjefm-1159	53	20	asi	asi	NOUN
arjefm-1159	53	21	)	)	PUNCT
arjefm-1159	53	22	and	and	CCONJ
arjefm-1159	53	23	market	market	NOUN
arjefm-1159	53	24	capitalization	capitalization	NOUN
arjefm-1159	53	25	(	(	PUNCT
arjefm-1159	53	26	mcap	mcap	NOUN
arjefm-1159	53	27	)	)	PUNCT
arjefm-1159	53	28	impact	impact	NOUN
arjefm-1159	53	29	a	a	DET
arjefm-1159	53	30	country	country	NOUN
arjefm-1159	53	31	's	's	PART
arjefm-1159	53	32	gdp	gdp	NOUN
arjefm-1159	53	33	growth	growth	NOUN
arjefm-1159	53	34	rate	rate	NOUN
arjefm-1159	53	35	.	.	PUNCT
arjefm-1159	54	1	to	to	PART
arjefm-1159	54	2	gain	gain	VERB
arjefm-1159	54	3	a	a	DET
arjefm-1159	54	4	more	more	ADV
arjefm-1159	54	5	comprehensive	comprehensive	ADJ
arjefm-1159	54	6	understanding	understanding	NOUN
arjefm-1159	54	7	,	,	PUNCT
arjefm-1159	54	8	the	the	DET
arjefm-1159	54	9	study	study	NOUN
arjefm-1159	54	10	also	also	ADV
arjefm-1159	54	11	considers	consider	VERB
arjefm-1159	54	12	the	the	DET
arjefm-1159	54	13	influence	influence	NOUN
arjefm-1159	54	14	of	of	ADP
arjefm-1159	54	15	control	control	NOUN
arjefm-1159	54	16	variables	variable	NOUN
arjefm-1159	54	17	like	like	ADP
arjefm-1159	54	18	inflation	inflation	NOUN
arjefm-1159	54	19	and	and	CCONJ
arjefm-1159	54	20	exchange	exchange	NOUN
arjefm-1159	54	21	rates	rate	NOUN
arjefm-1159	54	22	.	.	PUNCT
arjefm-1159	55	1	the	the	DET
arjefm-1159	55	2	following	follow	VERB
arjefm-1159	55	3	are	be	AUX
arjefm-1159	55	4	targeted	target	VERB
arjefm-1159	55	5	beneficiaries	beneficiary	NOUN
arjefm-1159	55	6	of	of	ADP
arjefm-1159	55	7	this	this	DET
arjefm-1159	55	8	study	study	NOUN
arjefm-1159	55	9	:	:	PUNCT
arjefm-1159	55	10	i.	i.	PROPN
arjefm-1159	55	11	academic	academic	ADJ
arjefm-1159	55	12	world	world	NOUN
arjefm-1159	55	13	:	:	PUNCT
arjefm-1159	55	14	the	the	DET
arjefm-1159	55	15	academic	academic	ADJ
arjefm-1159	55	16	world	world	NOUN
arjefm-1159	55	17	will	will	AUX
arjefm-1159	55	18	benefit	benefit	VERB
arjefm-1159	55	19	from	from	ADP
arjefm-1159	55	20	this	this	DET
arjefm-1159	55	21	study	study	NOUN
arjefm-1159	55	22	by	by	ADP
arjefm-1159	55	23	providing	provide	VERB
arjefm-1159	55	24	reference	reference	NOUN
arjefm-1159	55	25	material	material	NOUN
arjefm-1159	55	26	for	for	ADP
arjefm-1159	55	27	future	future	ADJ
arjefm-1159	55	28	research	research	NOUN
arjefm-1159	55	29	,	,	PUNCT
arjefm-1159	55	30	expanding	expand	VERB
arjefm-1159	55	31	the	the	DET
arjefm-1159	55	32	limited	limited	ADJ
arjefm-1159	55	33	literature	literature	NOUN
arjefm-1159	55	34	on	on	ADP
arjefm-1159	55	35	nigeria	nigeria	PROPN
arjefm-1159	55	36	's	's	PART
arjefm-1159	55	37	capital	capital	NOUN
arjefm-1159	55	38	market	market	NOUN
arjefm-1159	55	39	development	development	NOUN
arjefm-1159	55	40	,	,	PUNCT
arjefm-1159	55	41	offering	offer	VERB
arjefm-1159	55	42	new	new	ADJ
arjefm-1159	55	43	empirical	empirical	ADJ
arjefm-1159	55	44	evidence	evidence	NOUN
arjefm-1159	55	45	or	or	CCONJ
arjefm-1159	55	46	validating	validate	VERB
arjefm-1159	55	47	/	/	SYM
arjefm-1159	55	48	invalidating	invalidate	VERB
arjefm-1159	55	49	existing	exist	VERB
arjefm-1159	55	50	findings	finding	NOUN
arjefm-1159	55	51	,	,	PUNCT
arjefm-1159	55	52	and	and	CCONJ
arjefm-1159	55	53	providing	provide	VERB
arjefm-1159	55	54	empirical	empirical	ADJ
arjefm-1159	55	55	and	and	CCONJ
arjefm-1159	55	56	methodological	methodological	ADJ
arjefm-1159	55	57	insights	insight	NOUN
arjefm-1159	55	58	for	for	ADP
arjefm-1159	55	59	researchers	researcher	NOUN
arjefm-1159	55	60	,	,	PUNCT
arjefm-1159	55	61	lecturers	lecturer	NOUN
arjefm-1159	55	62	,	,	PUNCT
arjefm-1159	55	63	and	and	CCONJ
arjefm-1159	55	64	students	student	NOUN
arjefm-1159	55	65	.	.	PUNCT
arjefm-1159	56	1	ii	ii	PROPN
arjefm-1159	56	2	.	.	PUNCT
arjefm-1159	57	1	government	government	NOUN
arjefm-1159	57	2	/	/	SYM
arjefm-1159	57	3	policymakers	policymaker	NOUN
arjefm-1159	57	4	:	:	PUNCT
arjefm-1159	57	5	the	the	DET
arjefm-1159	57	6	government	government	NOUN
arjefm-1159	57	7	and	and	CCONJ
arjefm-1159	57	8	policymakers	policymaker	NOUN
arjefm-1159	57	9	by	by	ADP
arjefm-1159	57	10	informing	inform	VERB
arjefm-1159	57	11	policy	policy	NOUN
arjefm-1159	57	12	direction	direction	NOUN
arjefm-1159	57	13	and	and	CCONJ
arjefm-1159	57	14	formulation	formulation	NOUN
arjefm-1159	57	15	of	of	ADP
arjefm-1159	57	16	robust	robust	ADJ
arjefm-1159	57	17	economic	economic	ADJ
arjefm-1159	57	18	policies	policy	NOUN
arjefm-1159	57	19	and	and	CCONJ
arjefm-1159	57	20	programs	program	NOUN
arjefm-1159	57	21	,	,	PUNCT
arjefm-1159	57	22	address	address	VERB
arjefm-1159	57	23	persistent	persistent	ADJ
arjefm-1159	57	24	capital	capital	NOUN
arjefm-1159	57	25	market	market	NOUN
arjefm-1159	57	26	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	57	27	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	58	1	american	american	PROPN
arjefm-1159	58	2	research	research	PROPN
arjefm-1159	58	3	journal	journal	PROPN
arjefm-1159	58	4	of	of	ADP
arjefm-1159	58	5	economics	economic	NOUN
arjefm-1159	58	6	,	,	PUNCT
arjefm-1159	58	7	finance	finance	NOUN
arjefm-1159	58	8	and	and	CCONJ
arjefm-1159	58	9	management	management	NOUN
arjefm-1159	58	10	volume	volume	NOUN
arjefm-1159	58	11	12	12	NUM
arjefm-1159	58	12	issue	issue	NOUN
arjefm-1159	58	13	3	3	NUM
arjefm-1159	58	14	,	,	PUNCT
arjefm-1159	58	15	july	july	PROPN
arjefm-1159	58	16	-	-	PUNCT
arjefm-1159	58	17	september	september	PROPN
arjefm-1159	58	18	2024	2024	NUM
arjefm-1159	58	19	issn	issn	NOUN
arjefm-1159	58	20	:	:	PUNCT
arjefm-1159	58	21	2836	2836	NUM
arjefm-1159	58	22	-	-	SYM
arjefm-1159	58	23	9416	9416	NUM
arjefm-1159	58	24	impact	impact	NOUN
arjefm-1159	58	25	factor	factor	NOUN
arjefm-1159	58	26	:	:	PUNCT
arjefm-1159	58	27	4.85	4.85	NUM
arjefm-1159	58	28	journal	journal	NOUN
arjefm-1159	58	29	homepage	homepage	NOUN
arjefm-1159	58	30	:	:	PUNCT
arjefm-1159	58	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	58	32	,	,	PUNCT
arjefm-1159	58	33	email	email	NOUN
arjefm-1159	58	34	:	:	PUNCT
arjefm-1159	58	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	58	36	official	official	ADJ
arjefm-1159	58	37	journal	journal	PROPN
arjefm-1159	58	38	of	of	ADP
arjefm-1159	58	39	america	america	PROPN
arjefm-1159	58	40	serial	serial	PROPN
arjefm-1159	58	41	publication	publication	NOUN
arjefm-1159	58	42	american	american	PROPN
arjefm-1159	58	43	research	research	PROPN
arjefm-1159	58	44	journal	journal	PROPN
arjefm-1159	58	45	of	of	ADP
arjefm-1159	58	46	economics	economic	NOUN
arjefm-1159	58	47	,	,	PUNCT
arjefm-1159	58	48	finance	finance	NOUN
arjefm-1159	58	49	and	and	CCONJ
arjefm-1159	58	50	management	management	NOUN
arjefm-1159	58	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	58	52	,	,	PUNCT
arjefm-1159	58	53	email	email	NOUN
arjefm-1159	58	54	:	:	PUNCT
arjefm-1159	58	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	59	1	110	110	NUM
arjefm-1159	59	2	|	|	ADV
arjefm-1159	59	3	p	p	X
arjefm-1159	59	4	a	a	DET
arjefm-1159	59	5	g	g	NOUN
arjefm-1159	59	6	e	e	NOUN
arjefm-1159	59	7	challenges	challenge	NOUN
arjefm-1159	59	8	to	to	PART
arjefm-1159	59	9	improve	improve	VERB
arjefm-1159	59	10	nigeria	nigeria	PROPN
arjefm-1159	59	11	's	's	PART
arjefm-1159	59	12	economy	economy	NOUN
arjefm-1159	59	13	,	,	PUNCT
arjefm-1159	59	14	promoting	promote	VERB
arjefm-1159	59	15	capital	capital	NOUN
arjefm-1159	59	16	market	market	NOUN
arjefm-1159	59	17	development	development	NOUN
arjefm-1159	59	18	as	as	ADP
arjefm-1159	59	19	a	a	DET
arjefm-1159	59	20	crucial	crucial	ADJ
arjefm-1159	59	21	solution	solution	NOUN
arjefm-1159	59	22	for	for	ADP
arjefm-1159	59	23	long	long	ADJ
arjefm-1159	59	24	-	-	PUNCT
arjefm-1159	59	25	term	term	NOUN
arjefm-1159	59	26	fundraising	fundraising	NOUN
arjefm-1159	59	27	.	.	PUNCT
arjefm-1159	60	1	iii	iii	X
arjefm-1159	60	2	.	.	PUNCT
arjefm-1159	61	1	investors	investor	NOUN
arjefm-1159	61	2	/	/	SYM
arjefm-1159	61	3	participants	participant	NOUN
arjefm-1159	61	4	:	:	PUNCT
arjefm-1159	61	5	nigeria	nigeria	PROPN
arjefm-1159	61	6	's	's	PART
arjefm-1159	61	7	capital	capital	NOUN
arjefm-1159	61	8	market	market	NOUN
arjefm-1159	61	9	development	development	NOUN
arjefm-1159	61	10	can	can	AUX
arjefm-1159	61	11	significantly	significantly	ADV
arjefm-1159	61	12	benefit	benefit	VERB
arjefm-1159	61	13	investors	investor	NOUN
arjefm-1159	61	14	and	and	CCONJ
arjefm-1159	61	15	participants	participant	NOUN
arjefm-1159	61	16	by	by	ADP
arjefm-1159	61	17	increasing	increase	VERB
arjefm-1159	61	18	access	access	NOUN
arjefm-1159	61	19	to	to	ADP
arjefm-1159	61	20	capital	capital	NOUN
arjefm-1159	61	21	,	,	PUNCT
arjefm-1159	61	22	improving	improve	VERB
arjefm-1159	61	23	liquidity	liquidity	NOUN
arjefm-1159	61	24	,	,	PUNCT
arjefm-1159	61	25	enhancing	enhance	VERB
arjefm-1159	61	26	investor	investor	NOUN
arjefm-1159	61	27	confidence	confidence	NOUN
arjefm-1159	61	28	,	,	PUNCT
arjefm-1159	61	29	diversifying	diversify	VERB
arjefm-1159	61	30	investment	investment	NOUN
arjefm-1159	61	31	opportunities	opportunity	NOUN
arjefm-1159	61	32	,	,	PUNCT
arjefm-1159	61	33	creating	create	VERB
arjefm-1159	61	34	jobs	job	NOUN
arjefm-1159	61	35	,	,	PUNCT
arjefm-1159	61	36	and	and	CCONJ
arjefm-1159	61	37	increasing	increase	VERB
arjefm-1159	61	38	financial	financial	ADJ
arjefm-1159	61	39	inclusion	inclusion	NOUN
arjefm-1159	61	40	.	.	PUNCT
arjefm-1159	62	1	ultimately	ultimately	ADV
arjefm-1159	62	2	,	,	PUNCT
arjefm-1159	62	3	these	these	DET
arjefm-1159	62	4	benefits	benefit	NOUN
arjefm-1159	62	5	can	can	AUX
arjefm-1159	62	6	contribute	contribute	VERB
arjefm-1159	62	7	to	to	ADP
arjefm-1159	62	8	the	the	DET
arjefm-1159	62	9	country	country	NOUN
arjefm-1159	62	10	's	's	PART
arjefm-1159	62	11	overall	overall	ADJ
arjefm-1159	62	12	economic	economic	ADJ
arjefm-1159	62	13	growth	growth	NOUN
arjefm-1159	62	14	and	and	CCONJ
arjefm-1159	62	15	prosperity	prosperity	NOUN
arjefm-1159	62	16	.	.	PUNCT
arjefm-1159	63	1	iv	iv	X
arjefm-1159	63	2	.	.	PUNCT
arjefm-1159	63	3	general	general	ADJ
arjefm-1159	63	4	public	public	NOUN
arjefm-1159	63	5	:	:	PUNCT
arjefm-1159	63	6	the	the	DET
arjefm-1159	63	7	general	general	ADJ
arjefm-1159	63	8	public	public	NOUN
arjefm-1159	63	9	can	can	AUX
arjefm-1159	63	10	benefit	benefit	VERB
arjefm-1159	63	11	from	from	ADP
arjefm-1159	63	12	nigeria	nigeria	PROPN
arjefm-1159	63	13	's	's	PART
arjefm-1159	63	14	capital	capital	NOUN
arjefm-1159	63	15	market	market	NOUN
arjefm-1159	63	16	development	development	NOUN
arjefm-1159	63	17	by	by	ADP
arjefm-1159	63	18	gaining	gain	VERB
arjefm-1159	63	19	increased	increase	VERB
arjefm-1159	63	20	access	access	NOUN
arjefm-1159	63	21	to	to	ADP
arjefm-1159	63	22	financial	financial	ADJ
arjefm-1159	63	23	services	service	NOUN
arjefm-1159	63	24	and	and	CCONJ
arjefm-1159	63	25	products	product	NOUN
arjefm-1159	63	26	,	,	PUNCT
arjefm-1159	63	27	creating	create	VERB
arjefm-1159	63	28	wealth	wealth	NOUN
arjefm-1159	63	29	through	through	ADP
arjefm-1159	63	30	investment	investment	NOUN
arjefm-1159	63	31	,	,	PUNCT
arjefm-1159	63	32	funding	fund	VERB
arjefm-1159	63	33	public	public	ADJ
arjefm-1159	63	34	infrastructure	infrastructure	NOUN
arjefm-1159	63	35	projects	project	NOUN
arjefm-1159	63	36	,	,	PUNCT
arjefm-1159	63	37	supporting	support	VERB
arjefm-1159	63	38	small	small	ADJ
arjefm-1159	63	39	businesses	business	NOUN
arjefm-1159	63	40	,	,	PUNCT
arjefm-1159	63	41	and	and	CCONJ
arjefm-1159	63	42	generating	generate	VERB
arjefm-1159	63	43	government	government	NOUN
arjefm-1159	63	44	revenue	revenue	NOUN
arjefm-1159	63	45	.	.	PUNCT
arjefm-1159	64	1	however	however	ADV
arjefm-1159	64	2	,	,	PUNCT
arjefm-1159	64	3	the	the	DET
arjefm-1159	64	4	statistical	statistical	ADJ
arjefm-1159	64	5	findings	finding	NOUN
arjefm-1159	64	6	of	of	ADP
arjefm-1159	64	7	this	this	DET
arjefm-1159	64	8	study	study	NOUN
arjefm-1159	64	9	could	could	AUX
arjefm-1159	64	10	be	be	AUX
arjefm-1159	64	11	unreliable	unreliable	ADJ
arjefm-1159	64	12	if	if	SCONJ
arjefm-1159	64	13	the	the	DET
arjefm-1159	64	14	secondary	secondary	ADJ
arjefm-1159	64	15	datasets	dataset	NOUN
arjefm-1159	64	16	(	(	PUNCT
arjefm-1159	64	17	19862023	19862023	NUM
arjefm-1159	64	18	)	)	PUNCT
arjefm-1159	64	19	,	,	PUNCT
arjefm-1159	64	20	primarily	primarily	ADV
arjefm-1159	64	21	sourced	source	VERB
arjefm-1159	64	22	from	from	ADP
arjefm-1159	64	23	the	the	DET
arjefm-1159	64	24	cbn	cbn	PROPN
arjefm-1159	64	25	statistical	statistical	ADJ
arjefm-1159	64	26	bulletin	bulletin	NOUN
arjefm-1159	64	27	,	,	PUNCT
arjefm-1159	64	28	contain	contain	VERB
arjefm-1159	64	29	biases	bias	NOUN
arjefm-1159	64	30	.	.	PUNCT
arjefm-1159	65	1	2	2	X
arjefm-1159	65	2	.	.	X
arjefm-1159	65	3	review	review	NOUN
arjefm-1159	65	4	of	of	ADP
arjefm-1159	65	5	related	related	ADJ
arjefm-1159	65	6	literature	literature	NOUN
arjefm-1159	65	7	capital	capital	NOUN
arjefm-1159	65	8	market	market	NOUN
arjefm-1159	65	9	development	development	NOUN
arjefm-1159	65	10	(	(	PUNCT
arjefm-1159	65	11	cmd	cmd	NOUN
arjefm-1159	65	12	)	)	PUNCT
arjefm-1159	65	13	capital	capital	NOUN
arjefm-1159	65	14	market	market	NOUN
arjefm-1159	65	15	development	development	NOUN
arjefm-1159	65	16	refers	refer	VERB
arjefm-1159	65	17	to	to	ADP
arjefm-1159	65	18	the	the	DET
arjefm-1159	65	19	process	process	NOUN
arjefm-1159	65	20	of	of	ADP
arjefm-1159	65	21	creating	create	VERB
arjefm-1159	65	22	and	and	CCONJ
arjefm-1159	65	23	improving	improve	VERB
arjefm-1159	65	24	the	the	DET
arjefm-1159	65	25	infrastructure	infrastructure	NOUN
arjefm-1159	65	26	,	,	PUNCT
arjefm-1159	65	27	institutions	institution	NOUN
arjefm-1159	65	28	,	,	PUNCT
arjefm-1159	65	29	and	and	CCONJ
arjefm-1159	65	30	regulations	regulation	NOUN
arjefm-1159	65	31	that	that	PRON
arjefm-1159	65	32	facilitate	facilitate	VERB
arjefm-1159	65	33	the	the	DET
arjefm-1159	65	34	issuance	issuance	NOUN
arjefm-1159	65	35	,	,	PUNCT
arjefm-1159	65	36	trading	trading	NOUN
arjefm-1159	65	37	and	and	CCONJ
arjefm-1159	65	38	settlement	settlement	NOUN
arjefm-1159	65	39	of	of	ADP
arjefm-1159	65	40	securities	security	NOUN
arjefm-1159	65	41	(	(	PUNCT
arjefm-1159	65	42	imf	imf	PROPN
arjefm-1159	65	43	,	,	PUNCT
arjefm-1159	65	44	2005	2005	NUM
arjefm-1159	65	45	)	)	PUNCT
arjefm-1159	65	46	.	.	PUNCT
arjefm-1159	66	1	in	in	ADP
arjefm-1159	66	2	other	other	ADJ
arjefm-1159	66	3	words	word	NOUN
arjefm-1159	66	4	,	,	PUNCT
arjefm-1159	66	5	capital	capital	NOUN
arjefm-1159	66	6	market	market	NOUN
arjefm-1159	66	7	development	development	NOUN
arjefm-1159	66	8	is	be	AUX
arjefm-1159	66	9	the	the	DET
arjefm-1159	66	10	process	process	NOUN
arjefm-1159	66	11	of	of	ADP
arjefm-1159	66	12	building	building	NOUN
arjefm-1159	66	13	and	and	CCONJ
arjefm-1159	66	14	strengthening	strengthen	VERB
arjefm-1159	66	15	the	the	DET
arjefm-1159	66	16	institutions	institution	NOUN
arjefm-1159	66	17	,	,	PUNCT
arjefm-1159	66	18	instruments	instrument	NOUN
arjefm-1159	66	19	,	,	PUNCT
arjefm-1159	66	20	and	and	CCONJ
arjefm-1159	66	21	infrastructures	infrastructure	NOUN
arjefm-1159	66	22	that	that	PRON
arjefm-1159	66	23	enable	enable	VERB
arjefm-1159	66	24	the	the	DET
arjefm-1159	66	25	efficient	efficient	ADJ
arjefm-1159	66	26	allocation	allocation	NOUN
arjefm-1159	66	27	of	of	ADP
arjefm-1159	66	28	capital	capital	NOUN
arjefm-1159	66	29	(	(	PUNCT
arjefm-1159	66	30	world	world	PROPN
arjefm-1159	66	31	bank	bank	PROPN
arjefm-1159	66	32	,	,	PUNCT
arjefm-1159	66	33	2015	2015	NUM
arjefm-1159	66	34	)	)	PUNCT
arjefm-1159	66	35	.	.	PUNCT
arjefm-1159	67	1	furthermore	furthermore	ADV
arjefm-1159	67	2	,	,	PUNCT
arjefm-1159	67	3	capital	capital	NOUN
arjefm-1159	67	4	market	market	NOUN
arjefm-1159	67	5	development	development	NOUN
arjefm-1159	67	6	encompasses	encompass	VERB
arjefm-1159	67	7	the	the	DET
arjefm-1159	67	8	growth	growth	NOUN
arjefm-1159	67	9	and	and	CCONJ
arjefm-1159	67	10	maturation	maturation	NOUN
arjefm-1159	67	11	of	of	ADP
arjefm-1159	67	12	markets	market	NOUN
arjefm-1159	67	13	,	,	PUNCT
arjefm-1159	67	14	market	market	NOUN
arjefm-1159	67	15	infrastructure	infrastructure	NOUN
arjefm-1159	67	16	,	,	PUNCT
arjefm-1159	67	17	and	and	CCONJ
arjefm-1159	67	18	regulatory	regulatory	ADJ
arjefm-1159	67	19	frameworks	framework	NOUN
arjefm-1159	67	20	(	(	PUNCT
arjefm-1159	67	21	oecd	oecd	PROPN
arjefm-1159	67	22	,	,	PUNCT
arjefm-1159	67	23	2019	2019	NUM
arjefm-1159	67	24	)	)	PUNCT
arjefm-1159	67	25	.	.	PUNCT
arjefm-1159	68	1	to	to	PART
arjefm-1159	68	2	provide	provide	VERB
arjefm-1159	68	3	greater	great	ADJ
arjefm-1159	68	4	insights	insight	NOUN
arjefm-1159	68	5	into	into	ADP
arjefm-1159	68	6	capital	capital	NOUN
arjefm-1159	68	7	market	market	NOUN
arjefm-1159	68	8	development	development	NOUN
arjefm-1159	68	9	requires	require	VERB
arjefm-1159	68	10	a	a	DET
arjefm-1159	68	11	comprehensive	comprehensive	ADJ
arjefm-1159	68	12	understanding	understanding	NOUN
arjefm-1159	68	13	of	of	ADP
arjefm-1159	68	14	its	its	PRON
arjefm-1159	68	15	multifaceted	multifaceted	ADJ
arjefm-1159	68	16	nature	nature	NOUN
arjefm-1159	68	17	,	,	PUNCT
arjefm-1159	68	18	encompassing	encompass	VERB
arjefm-1159	68	19	key	key	ADJ
arjefm-1159	68	20	elements	element	NOUN
arjefm-1159	68	21	such	such	ADJ
arjefm-1159	68	22	as	as	ADP
arjefm-1159	68	23	market	market	NOUN
arjefm-1159	68	24	infrastructure	infrastructure	NOUN
arjefm-1159	68	25	(	(	PUNCT
arjefm-1159	68	26	including	include	VERB
arjefm-1159	68	27	stock	stock	NOUN
arjefm-1159	68	28	exchanges	exchange	NOUN
arjefm-1159	68	29	and	and	CCONJ
arjefm-1159	68	30	clearing	clearing	NOUN
arjefm-1159	68	31	and	and	CCONJ
arjefm-1159	68	32	settlement	settlement	NOUN
arjefm-1159	68	33	systems	system	NOUN
arjefm-1159	68	34	)	)	PUNCT
arjefm-1159	68	35	,	,	PUNCT
arjefm-1159	68	36	regulatory	regulatory	ADJ
arjefm-1159	68	37	frameworks	framework	NOUN
arjefm-1159	68	38	(	(	PUNCT
arjefm-1159	68	39	comprising	comprise	VERB
arjefm-1159	68	40	securities	security	NOUN
arjefm-1159	68	41	laws	law	NOUN
arjefm-1159	68	42	and	and	CCONJ
arjefm-1159	68	43	regulatory	regulatory	ADJ
arjefm-1159	68	44	bodies	body	NOUN
arjefm-1159	68	45	)	)	PUNCT
arjefm-1159	68	46	,	,	PUNCT
arjefm-1159	68	47	market	market	NOUN
arjefm-1159	68	48	participants	participant	NOUN
arjefm-1159	68	49	(	(	PUNCT
arjefm-1159	68	50	encompassing	encompass	VERB
arjefm-1159	68	51	investors	investor	NOUN
arjefm-1159	68	52	,	,	PUNCT
arjefm-1159	68	53	issuers	issuer	NOUN
arjefm-1159	68	54	,	,	PUNCT
arjefm-1159	68	55	and	and	CCONJ
arjefm-1159	68	56	intermediaries	intermediary	NOUN
arjefm-1159	68	57	)	)	PUNCT
arjefm-1159	68	58	,	,	PUNCT
arjefm-1159	68	59	market	market	NOUN
arjefm-1159	68	60	instruments	instrument	NOUN
arjefm-1159	68	61	(	(	PUNCT
arjefm-1159	68	62	such	such	ADJ
arjefm-1159	68	63	as	as	ADP
arjefm-1159	68	64	stocks	stock	NOUN
arjefm-1159	68	65	,	,	PUNCT
arjefm-1159	68	66	bonds	bond	NOUN
arjefm-1159	68	67	,	,	PUNCT
arjefm-1159	68	68	and	and	CCONJ
arjefm-1159	68	69	derivatives	derivative	NOUN
arjefm-1159	68	70	)	)	PUNCT
arjefm-1159	68	71	,	,	PUNCT
arjefm-1159	68	72	and	and	CCONJ
arjefm-1159	68	73	market	market	NOUN
arjefm-1159	68	74	efficiency	efficiency	NOUN
arjefm-1159	68	75	(	(	PUNCT
arjefm-1159	68	76	characterized	characterize	VERB
arjefm-1159	68	77	by	by	ADP
arjefm-1159	68	78	factors	factor	NOUN
arjefm-1159	68	79	like	like	ADP
arjefm-1159	68	80	liquidity	liquidity	NOUN
arjefm-1159	68	81	,	,	PUNCT
arjefm-1159	68	82	transparency	transparency	NOUN
arjefm-1159	68	83	,	,	PUNCT
arjefm-1159	68	84	and	and	CCONJ
arjefm-1159	68	85	pricing	pricing	NOUN
arjefm-1159	68	86	)	)	PUNCT
arjefm-1159	68	87	.	.	PUNCT
arjefm-1159	69	1	countries	country	NOUN
arjefm-1159	69	2	by	by	ADP
arjefm-1159	69	3	addressing	address	VERB
arjefm-1159	69	4	the	the	DET
arjefm-1159	69	5	challenges	challenge	NOUN
arjefm-1159	69	6	and	and	CCONJ
arjefm-1159	69	7	barriers	barrier	NOUN
arjefm-1159	69	8	to	to	ADP
arjefm-1159	69	9	development	development	NOUN
arjefm-1159	69	10	are	be	AUX
arjefm-1159	69	11	likely	likely	ADJ
arjefm-1159	69	12	to	to	PART
arjefm-1159	69	13	harness	harness	VERB
arjefm-1159	69	14	the	the	DET
arjefm-1159	69	15	benefits	benefit	NOUN
arjefm-1159	69	16	of	of	ADP
arjefm-1159	69	17	capital	capital	NOUN
arjefm-1159	69	18	market	market	NOUN
arjefm-1159	69	19	to	to	PART
arjefm-1159	69	20	promote	promote	VERB
arjefm-1159	69	21	economic	economic	ADJ
arjefm-1159	69	22	growth	growth	NOUN
arjefm-1159	69	23	,	,	PUNCT
arjefm-1159	69	24	innovation	innovation	NOUN
arjefm-1159	69	25	and	and	CCONJ
arjefm-1159	69	26	job	job	NOUN
arjefm-1159	69	27	creation	creation	NOUN
arjefm-1159	69	28	.	.	PUNCT
arjefm-1159	70	1	benefits	benefit	NOUN
arjefm-1159	70	2	of	of	ADP
arjefm-1159	70	3	capital	capital	NOUN
arjefm-1159	70	4	market	market	NOUN
arjefm-1159	70	5	development	development	NOUN
arjefm-1159	70	6	according	accord	VERB
arjefm-1159	70	7	to	to	ADP
arjefm-1159	70	8	the	the	DET
arjefm-1159	70	9	world	world	PROPN
arjefm-1159	70	10	bank	bank	PROPN
arjefm-1159	70	11	(	(	PUNCT
arjefm-1159	70	12	2015	2015	NUM
arjefm-1159	70	13	)	)	PUNCT
arjefm-1159	70	14	,	,	PUNCT
arjefm-1159	70	15	the	the	DET
arjefm-1159	70	16	international	international	ADJ
arjefm-1159	70	17	organization	organization	NOUN
arjefm-1159	70	18	of	of	ADP
arjefm-1159	70	19	securities	security	NOUN
arjefm-1159	70	20	commissions	commission	NOUN
arjefm-1159	70	21	(	(	PUNCT
arjefm-1159	70	22	iosco	iosco	NOUN
arjefm-1159	70	23	,	,	PUNCT
arjefm-1159	70	24	2017	2017	NUM
arjefm-1159	70	25	)	)	PUNCT
arjefm-1159	70	26	,	,	PUNCT
arjefm-1159	70	27	and	and	CCONJ
arjefm-1159	70	28	the	the	DET
arjefm-1159	70	29	organization	organization	NOUN
arjefm-1159	70	30	for	for	ADP
arjefm-1159	70	31	economic	economic	ADJ
arjefm-1159	70	32	co	co	NOUN
arjefm-1159	70	33	-	-	NOUN
arjefm-1159	70	34	operation	operation	NOUN
arjefm-1159	70	35	and	and	CCONJ
arjefm-1159	70	36	development	development	NOUN
arjefm-1159	70	37	(	(	PUNCT
arjefm-1159	70	38	oecd	oecd	PROPN
arjefm-1159	70	39	,	,	PUNCT
arjefm-1159	70	40	2019	2019	NUM
arjefm-1159	70	41	)	)	PUNCT
arjefm-1159	70	42	,	,	PUNCT
arjefm-1159	70	43	capital	capital	NOUN
arjefm-1159	70	44	market	market	NOUN
arjefm-1159	70	45	development	development	NOUN
arjefm-1159	70	46	(	(	PUNCT
arjefm-1159	70	47	paraphrased	paraphrase	VERB
arjefm-1159	70	48	)	)	PUNCT
arjefm-1159	70	49	offers	offer	VERB
arjefm-1159	70	50	a	a	DET
arjefm-1159	70	51	range	range	NOUN
arjefm-1159	70	52	of	of	ADP
arjefm-1159	70	53	advantages	advantage	NOUN
arjefm-1159	70	54	,	,	PUNCT
arjefm-1159	70	55	including	include	VERB
arjefm-1159	70	56	:	:	PUNCT
arjefm-1159	70	57	stimulating	stimulate	VERB
arjefm-1159	70	58	economic	economic	ADJ
arjefm-1159	70	59	growth	growth	NOUN
arjefm-1159	70	60	by	by	ADP
arjefm-1159	70	61	efficiently	efficiently	ADV
arjefm-1159	70	62	channelling	channel	VERB
arjefm-1159	70	63	savings	saving	NOUN
arjefm-1159	70	64	into	into	ADP
arjefm-1159	70	65	productive	productive	ADJ
arjefm-1159	70	66	investments	investment	NOUN
arjefm-1159	70	67	,	,	PUNCT
arjefm-1159	70	68	diversifying	diversify	VERB
arjefm-1159	70	69	funding	funding	NOUN
arjefm-1159	70	70	sources	source	NOUN
arjefm-1159	70	71	for	for	ADP
arjefm-1159	70	72	businesses	business	NOUN
arjefm-1159	70	73	,	,	PUNCT
arjefm-1159	70	74	enabling	enable	VERB
arjefm-1159	70	75	effective	effective	ADJ
arjefm-1159	70	76	risk	risk	NOUN
arjefm-1159	70	77	management	management	NOUN
arjefm-1159	70	78	,	,	PUNCT
arjefm-1159	70	79	promoting	promote	VERB
arjefm-1159	70	80	transparency	transparency	NOUN
arjefm-1159	70	81	and	and	CCONJ
arjefm-1159	70	82	good	good	ADJ
arjefm-1159	70	83	corporate	corporate	ADJ
arjefm-1159	70	84	governance	governance	NOUN
arjefm-1159	70	85	,	,	PUNCT
arjefm-1159	70	86	attracting	attract	VERB
arjefm-1159	70	87	domestic	domestic	ADJ
arjefm-1159	70	88	and	and	CCONJ
arjefm-1159	70	89	foreign	foreign	ADJ
arjefm-1159	70	90	investment	investment	NOUN
arjefm-1159	70	91	,	,	PUNCT
arjefm-1159	70	92	creating	create	VERB
arjefm-1159	70	93	jobs	job	NOUN
arjefm-1159	70	94	,	,	PUNCT
arjefm-1159	70	95	optimizing	optimize	VERB
arjefm-1159	70	96	resource	resource	NOUN
arjefm-1159	70	97	allocation	allocation	NOUN
arjefm-1159	70	98	,	,	PUNCT
arjefm-1159	70	99	and	and	CCONJ
arjefm-1159	70	100	ultimately	ultimately	ADV
arjefm-1159	70	101	contributing	contribute	VERB
arjefm-1159	70	102	to	to	ADP
arjefm-1159	70	103	poverty	poverty	NOUN
arjefm-1159	70	104	reduction	reduction	NOUN
arjefm-1159	70	105	.	.	PUNCT
arjefm-1159	71	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	71	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	71	3	https://journalsglobal.com/index.php/jgeb/article/download/122/132/156#:~:text=the%20findings%20of%20the%20study,misappropriation%20of%20funds%20among%20others.&contribute%20significantly%20to%20the%20nigerian%20socio%2deconomic%20development	https://journalsglobal.com/index.php/jgeb/article/download/122/132/156#:~:text=the%20findings%20of%20the%20study,misappropriation%20of%20funds%20among%20others.&contribute%20significantly%20to%20the%20nigerian%20socio%2deconomic%20development	PROPN
arjefm-1159	71	4	.	.	PUNCT
arjefm-1159	72	1	https://journalsglobal.com/index.php/jgeb/article/download/122/132/156#:~:text=the%20findings%20of%20the%20study,misappropriation%20of%20funds%20among%20others.&contribute%20significantly%20to%20the%20nigerian%20socio%2deconomic%20development	https://journalsglobal.com/index.php/jgeb/article/download/122/132/156#:~:text=the%20findings%20of%20the%20study,misappropriation%20of%20funds%20among%20others.&contribute%20significantly%20to%20the%20nigerian%20socio%2deconomic%20development	PROPN
arjefm-1159	72	2	.	.	PUNCT
arjefm-1159	73	1	american	american	PROPN
arjefm-1159	73	2	research	research	PROPN
arjefm-1159	73	3	journal	journal	PROPN
arjefm-1159	73	4	of	of	ADP
arjefm-1159	73	5	economics	economic	NOUN
arjefm-1159	73	6	,	,	PUNCT
arjefm-1159	73	7	finance	finance	NOUN
arjefm-1159	73	8	and	and	CCONJ
arjefm-1159	73	9	management	management	NOUN
arjefm-1159	73	10	volume	volume	NOUN
arjefm-1159	73	11	12	12	NUM
arjefm-1159	73	12	issue	issue	NOUN
arjefm-1159	73	13	3	3	NUM
arjefm-1159	73	14	,	,	PUNCT
arjefm-1159	73	15	july	july	PROPN
arjefm-1159	73	16	-	-	PUNCT
arjefm-1159	73	17	september	september	PROPN
arjefm-1159	73	18	2024	2024	NUM
arjefm-1159	73	19	issn	issn	NOUN
arjefm-1159	73	20	:	:	PUNCT
arjefm-1159	73	21	2836	2836	NUM
arjefm-1159	73	22	-	-	SYM
arjefm-1159	73	23	9416	9416	NUM
arjefm-1159	73	24	impact	impact	NOUN
arjefm-1159	73	25	factor	factor	NOUN
arjefm-1159	73	26	:	:	PUNCT
arjefm-1159	73	27	4.85	4.85	NUM
arjefm-1159	73	28	journal	journal	NOUN
arjefm-1159	73	29	homepage	homepage	NOUN
arjefm-1159	73	30	:	:	PUNCT
arjefm-1159	73	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	73	32	,	,	PUNCT
arjefm-1159	73	33	email	email	NOUN
arjefm-1159	73	34	:	:	PUNCT
arjefm-1159	73	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	73	36	official	official	ADJ
arjefm-1159	73	37	journal	journal	PROPN
arjefm-1159	73	38	of	of	ADP
arjefm-1159	73	39	america	america	PROPN
arjefm-1159	73	40	serial	serial	PROPN
arjefm-1159	73	41	publication	publication	NOUN
arjefm-1159	73	42	american	american	PROPN
arjefm-1159	73	43	research	research	PROPN
arjefm-1159	73	44	journal	journal	PROPN
arjefm-1159	73	45	of	of	ADP
arjefm-1159	73	46	economics	economic	NOUN
arjefm-1159	73	47	,	,	PUNCT
arjefm-1159	73	48	finance	finance	NOUN
arjefm-1159	73	49	and	and	CCONJ
arjefm-1159	73	50	management	management	NOUN
arjefm-1159	73	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	73	52	,	,	PUNCT
arjefm-1159	73	53	email	email	NOUN
arjefm-1159	73	54	:	:	PUNCT
arjefm-1159	73	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	73	56	111	111	NUM
arjefm-1159	74	1	|	|	ADV
arjefm-1159	74	2	p	p	NOUN
arjefm-1159	74	3	a	a	DET
arjefm-1159	74	4	g	g	NOUN
arjefm-1159	74	5	e	e	NOUN
arjefm-1159	74	6	challenges	challenge	NOUN
arjefm-1159	74	7	and	and	CCONJ
arjefm-1159	74	8	barriers	barrier	NOUN
arjefm-1159	74	9	to	to	ADP
arjefm-1159	74	10	capital	capital	NOUN
arjefm-1159	74	11	market	market	NOUN
arjefm-1159	74	12	development	development	NOUN
arjefm-1159	74	13	according	accord	VERB
arjefm-1159	74	14	to	to	ADP
arjefm-1159	74	15	the	the	DET
arjefm-1159	74	16	committee	committee	NOUN
arjefm-1159	74	17	on	on	ADP
arjefm-1159	74	18	capital	capital	NOUN
arjefm-1159	74	19	market	market	NOUN
arjefm-1159	74	20	regulation	regulation	NOUN
arjefm-1159	74	21	(	(	PUNCT
arjefm-1159	74	22	2018	2018	NUM
arjefm-1159	74	23	)	)	PUNCT
arjefm-1159	74	24	and	and	CCONJ
arjefm-1159	74	25	the	the	DET
arjefm-1159	74	26	organization	organization	NOUN
arjefm-1159	74	27	for	for	ADP
arjefm-1159	74	28	economic	economic	ADJ
arjefm-1159	74	29	co	co	NOUN
arjefm-1159	74	30	-	-	NOUN
arjefm-1159	74	31	operation	operation	NOUN
arjefm-1159	74	32	and	and	CCONJ
arjefm-1159	74	33	development	development	NOUN
arjefm-1159	74	34	(	(	PUNCT
arjefm-1159	74	35	oecd	oecd	PROPN
arjefm-1159	74	36	,	,	PUNCT
arjefm-1159	74	37	2019	2019	NUM
arjefm-1159	74	38	)	)	PUNCT
arjefm-1159	74	39	,	,	PUNCT
arjefm-1159	74	40	the	the	DET
arjefm-1159	74	41	challenges	challenge	NOUN
arjefm-1159	74	42	and	and	CCONJ
arjefm-1159	74	43	barriers	barrier	NOUN
arjefm-1159	74	44	to	to	ADP
arjefm-1159	74	45	capital	capital	NOUN
arjefm-1159	74	46	market	market	NOUN
arjefm-1159	74	47	development	development	NOUN
arjefm-1159	74	48	comprise	comprise	VERB
arjefm-1159	74	49	a	a	DET
arjefm-1159	74	50	combination	combination	NOUN
arjefm-1159	74	51	of	of	ADP
arjefm-1159	74	52	factors	factor	NOUN
arjefm-1159	74	53	,	,	PUNCT
arjefm-1159	74	54	including	include	VERB
arjefm-1159	74	55	weak	weak	ADJ
arjefm-1159	74	56	regulation	regulation	NOUN
arjefm-1159	74	57	,	,	PUNCT
arjefm-1159	74	58	outdated	outdated	ADJ
arjefm-1159	74	59	infrastructure	infrastructure	NOUN
arjefm-1159	74	60	,	,	PUNCT
arjefm-1159	74	61	limited	limited	ADJ
arjefm-1159	74	62	investor	investor	NOUN
arjefm-1159	74	63	participation	participation	NOUN
arjefm-1159	74	64	,	,	PUNCT
arjefm-1159	74	65	high	high	ADJ
arjefm-1159	74	66	costs	cost	NOUN
arjefm-1159	74	67	,	,	PUNCT
arjefm-1159	74	68	lack	lack	NOUN
arjefm-1159	74	69	of	of	ADP
arjefm-1159	74	70	transparency	transparency	NOUN
arjefm-1159	74	71	,	,	PUNCT
arjefm-1159	74	72	market	market	NOUN
arjefm-1159	74	73	volatility	volatility	NOUN
arjefm-1159	74	74	,	,	PUNCT
arjefm-1159	74	75	insufficient	insufficient	ADJ
arjefm-1159	74	76	intermediaries	intermediary	NOUN
arjefm-1159	74	77	,	,	PUNCT
arjefm-1159	74	78	poor	poor	ADJ
arjefm-1159	74	79	risk	risk	NOUN
arjefm-1159	74	80	management	management	NOUN
arjefm-1159	74	81	,	,	PUNCT
arjefm-1159	74	82	corruption	corruption	NOUN
arjefm-1159	74	83	,	,	PUNCT
arjefm-1159	74	84	and	and	CCONJ
arjefm-1159	74	85	global	global	ADJ
arjefm-1159	74	86	market	market	NOUN
arjefm-1159	74	87	fragmentation	fragmentation	NOUN
arjefm-1159	74	88	,	,	PUNCT
arjefm-1159	74	89	can	can	AUX
arjefm-1159	74	90	hinder	hinder	VERB
arjefm-1159	74	91	capital	capital	NOUN
arjefm-1159	74	92	market	market	NOUN
arjefm-1159	74	93	development	development	NOUN
arjefm-1159	74	94	.	.	PUNCT
arjefm-1159	75	1	both	both	CCONJ
arjefm-1159	75	2	the	the	DET
arjefm-1159	75	3	all	all	DET
arjefm-1159	75	4	-	-	PUNCT
arjefm-1159	75	5	share	share	NOUN
arjefm-1159	75	6	index	index	NOUN
arjefm-1159	75	7	and	and	CCONJ
arjefm-1159	75	8	market	market	NOUN
arjefm-1159	75	9	capitalization	capitalization	NOUN
arjefm-1159	75	10	are	be	AUX
arjefm-1159	75	11	fundamental	fundamental	ADJ
arjefm-1159	75	12	metrics	metric	NOUN
arjefm-1159	75	13	used	use	VERB
arjefm-1159	75	14	to	to	PART
arjefm-1159	75	15	gauge	gauge	VERB
arjefm-1159	75	16	the	the	DET
arjefm-1159	75	17	overall	overall	ADJ
arjefm-1159	75	18	health	health	NOUN
arjefm-1159	75	19	and	and	CCONJ
arjefm-1159	75	20	performance	performance	NOUN
arjefm-1159	75	21	of	of	ADP
arjefm-1159	75	22	the	the	DET
arjefm-1159	75	23	nigerian	nigerian	ADJ
arjefm-1159	75	24	stock	stock	NOUN
arjefm-1159	75	25	market	market	NOUN
arjefm-1159	75	26	,	,	PUNCT
arjefm-1159	75	27	reflecting	reflect	VERB
arjefm-1159	75	28	the	the	DET
arjefm-1159	75	29	collective	collective	ADJ
arjefm-1159	75	30	value	value	NOUN
arjefm-1159	75	31	and	and	CCONJ
arjefm-1159	75	32	sentiment	sentiment	NOUN
arjefm-1159	75	33	of	of	ADP
arjefm-1159	75	34	listed	list	VERB
arjefm-1159	75	35	companies	company	NOUN
arjefm-1159	75	36	.	.	PUNCT
arjefm-1159	76	1	they	they	PRON
arjefm-1159	76	2	are	be	AUX
arjefm-1159	76	3	interconnected	interconnect	VERB
arjefm-1159	76	4	,	,	PUNCT
arjefm-1159	76	5	with	with	ADP
arjefm-1159	76	6	changes	change	NOUN
arjefm-1159	76	7	in	in	ADP
arjefm-1159	76	8	market	market	NOUN
arjefm-1159	76	9	capitalization	capitalization	NOUN
arjefm-1159	76	10	influencing	influence	VERB
arjefm-1159	76	11	the	the	DET
arjefm-1159	76	12	movement	movement	NOUN
arjefm-1159	76	13	of	of	ADP
arjefm-1159	76	14	the	the	DET
arjefm-1159	76	15	all	all	DET
arjefm-1159	76	16	-	-	PUNCT
arjefm-1159	76	17	share	share	NOUN
arjefm-1159	76	18	index	index	NOUN
arjefm-1159	76	19	.	.	PUNCT
arjefm-1159	77	1	the	the	DET
arjefm-1159	77	2	all	all	DET
arjefm-1159	77	3	-	-	PUNCT
arjefm-1159	77	4	share	share	NOUN
arjefm-1159	77	5	index	index	NOUN
arjefm-1159	77	6	(	(	PUNCT
arjefm-1159	77	7	asi	asi	NOUN
arjefm-1159	77	8	)	)	PUNCT
arjefm-1159	77	9	measures	measure	VERB
arjefm-1159	77	10	the	the	DET
arjefm-1159	77	11	overall	overall	ADJ
arjefm-1159	77	12	performance	performance	NOUN
arjefm-1159	77	13	of	of	ADP
arjefm-1159	77	14	all	all	DET
arjefm-1159	77	15	listed	list	VERB
arjefm-1159	77	16	stocks	stock	NOUN
arjefm-1159	77	17	on	on	ADP
arjefm-1159	77	18	a	a	DET
arjefm-1159	77	19	specific	specific	ADJ
arjefm-1159	77	20	exchange	exchange	NOUN
arjefm-1159	77	21	,	,	PUNCT
arjefm-1159	77	22	reflecting	reflect	VERB
arjefm-1159	77	23	the	the	DET
arjefm-1159	77	24	general	general	ADJ
arjefm-1159	77	25	market	market	NOUN
arjefm-1159	77	26	trend	trend	NOUN
arjefm-1159	77	27	(	(	PUNCT
arjefm-1159	77	28	https://ngxgroup.com/exchange/data/indices/	https://ngxgroup.com/exchange/data/indices/	NOUN
arjefm-1159	77	29	)	)	PUNCT
arjefm-1159	77	30	.	.	PUNCT
arjefm-1159	78	1	a	a	DET
arjefm-1159	78	2	rising	rise	VERB
arjefm-1159	78	3	asi	asi	NOUN
arjefm-1159	78	4	indicates	indicate	VERB
arjefm-1159	78	5	a	a	DET
arjefm-1159	78	6	bullish	bullish	ADJ
arjefm-1159	78	7	market	market	NOUN
arjefm-1159	78	8	,	,	PUNCT
arjefm-1159	78	9	while	while	SCONJ
arjefm-1159	78	10	a	a	DET
arjefm-1159	78	11	falling	fall	VERB
arjefm-1159	78	12	asi	asi	NOUN
arjefm-1159	78	13	suggests	suggest	VERB
arjefm-1159	78	14	a	a	DET
arjefm-1159	78	15	bearish	bearish	ADJ
arjefm-1159	78	16	trend	trend	NOUN
arjefm-1159	78	17	.	.	PUNCT
arjefm-1159	79	1	in	in	ADP
arjefm-1159	79	2	contrast	contrast	NOUN
arjefm-1159	79	3	,	,	PUNCT
arjefm-1159	79	4	market	market	NOUN
arjefm-1159	79	5	capitalization	capitalization	NOUN
arjefm-1159	79	6	(	(	PUNCT
arjefm-1159	79	7	mcap	mcap	NOUN
arjefm-1159	79	8	)	)	PUNCT
arjefm-1159	79	9	measures	measure	VERB
arjefm-1159	79	10	the	the	DET
arjefm-1159	79	11	total	total	ADJ
arjefm-1159	79	12	value	value	NOUN
arjefm-1159	79	13	of	of	ADP
arjefm-1159	79	14	a	a	DET
arjefm-1159	79	15	company	company	NOUN
arjefm-1159	79	16	's	's	PART
arjefm-1159	79	17	outstanding	outstanding	ADJ
arjefm-1159	79	18	shares	share	NOUN
arjefm-1159	79	19	,	,	PUNCT
arjefm-1159	79	20	indicating	indicate	VERB
arjefm-1159	79	21	its	its	PRON
arjefm-1159	79	22	size	size	NOUN
arjefm-1159	79	23	and	and	CCONJ
arjefm-1159	79	24	value	value	NOUN
arjefm-1159	79	25	.	.	PUNCT
arjefm-1159	80	1	while	while	SCONJ
arjefm-1159	80	2	the	the	DET
arjefm-1159	80	3	asi	asi	NOUN
arjefm-1159	80	4	provides	provide	VERB
arjefm-1159	80	5	a	a	DET
arjefm-1159	80	6	broader	broad	ADJ
arjefm-1159	80	7	market	market	NOUN
arjefm-1159	80	8	perspective	perspective	NOUN
arjefm-1159	80	9	,	,	PUNCT
arjefm-1159	80	10	mcap	mcap	NOUN
arjefm-1159	80	11	focuses	focus	VERB
arjefm-1159	80	12	on	on	ADP
arjefm-1159	80	13	individual	individual	ADJ
arjefm-1159	80	14	companies	company	NOUN
arjefm-1159	80	15	.	.	PUNCT
arjefm-1159	81	1	both	both	DET
arjefm-1159	81	2	metrics	metric	NOUN
arjefm-1159	81	3	are	be	AUX
arjefm-1159	81	4	crucial	crucial	ADJ
arjefm-1159	81	5	for	for	ADP
arjefm-1159	81	6	understanding	understand	VERB
arjefm-1159	81	7	market	market	NOUN
arjefm-1159	81	8	dynamics	dynamic	NOUN
arjefm-1159	81	9	and	and	CCONJ
arjefm-1159	81	10	making	make	VERB
arjefm-1159	81	11	informed	informed	ADJ
arjefm-1159	81	12	investment	investment	NOUN
arjefm-1159	81	13	decisions	decision	NOUN
arjefm-1159	81	14	(	(	PUNCT
arjefm-1159	81	15	https://corporatefinanceinstitute.com/resources/valuation/what-is-market-capitalization/	https://corporatefinanceinstitute.com/resources/valuation/what-is-market-capitalization/	PROPN
arjefm-1159	81	16	)	)	PUNCT
arjefm-1159	81	17	.	.	PUNCT
arjefm-1159	82	1	the	the	DET
arjefm-1159	82	2	nigerian	nigerian	ADJ
arjefm-1159	82	3	stock	stock	NOUN
arjefm-1159	82	4	market	market	NOUN
arjefm-1159	82	5	the	the	DET
arjefm-1159	82	6	nigerian	nigerian	ADJ
arjefm-1159	82	7	stock	stock	NOUN
arjefm-1159	82	8	market	market	NOUN
arjefm-1159	82	9	offers	offer	VERB
arjefm-1159	82	10	a	a	DET
arjefm-1159	82	11	dynamic	dynamic	ADJ
arjefm-1159	82	12	platform	platform	NOUN
arjefm-1159	82	13	for	for	SCONJ
arjefm-1159	82	14	investors	investor	NOUN
arjefm-1159	82	15	to	to	PART
arjefm-1159	82	16	participate	participate	VERB
arjefm-1159	82	17	in	in	ADP
arjefm-1159	82	18	the	the	DET
arjefm-1159	82	19	growth	growth	NOUN
arjefm-1159	82	20	story	story	NOUN
arjefm-1159	82	21	of	of	ADP
arjefm-1159	82	22	nigeria	nigeria	PROPN
arjefm-1159	82	23	.	.	PUNCT
arjefm-1159	83	1	it	it	PRON
arjefm-1159	83	2	functions	function	VERB
arjefm-1159	83	3	like	like	ADP
arjefm-1159	83	4	a	a	DET
arjefm-1159	83	5	marketplace	marketplace	NOUN
arjefm-1159	83	6	,	,	PUNCT
arjefm-1159	83	7	but	but	CCONJ
arjefm-1159	83	8	instead	instead	ADV
arjefm-1159	83	9	of	of	ADP
arjefm-1159	83	10	trading	trade	VERB
arjefm-1159	83	11	tangible	tangible	ADJ
arjefm-1159	83	12	goods	good	NOUN
arjefm-1159	83	13	,	,	PUNCT
arjefm-1159	83	14	you	you	PRON
arjefm-1159	83	15	buy	buy	VERB
arjefm-1159	83	16	and	and	CCONJ
arjefm-1159	83	17	sell	sell	VERB
arjefm-1159	83	18	shares	share	NOUN
arjefm-1159	83	19	—	—	PUNCT
arjefm-1159	83	20	units	unit	NOUN
arjefm-1159	83	21	of	of	ADP
arjefm-1159	83	22	ownership	ownership	NOUN
arjefm-1159	83	23	in	in	ADP
arjefm-1159	83	24	companies	company	NOUN
arjefm-1159	83	25	.	.	PUNCT
arjefm-1159	84	1	by	by	ADP
arjefm-1159	84	2	investing	invest	VERB
arjefm-1159	84	3	in	in	ADP
arjefm-1159	84	4	shares	share	NOUN
arjefm-1159	84	5	,	,	PUNCT
arjefm-1159	84	6	you	you	PRON
arjefm-1159	84	7	become	become	VERB
arjefm-1159	84	8	a	a	DET
arjefm-1159	84	9	part	part	NOUN
arjefm-1159	84	10	-	-	PUNCT
arjefm-1159	84	11	owner	owner	NOUN
arjefm-1159	84	12	of	of	ADP
arjefm-1159	84	13	the	the	DET
arjefm-1159	84	14	company	company	NOUN
arjefm-1159	84	15	,	,	PUNCT
arjefm-1159	84	16	sharing	share	VERB
arjefm-1159	84	17	in	in	ADP
arjefm-1159	84	18	its	its	PRON
arjefm-1159	84	19	potential	potential	ADJ
arjefm-1159	84	20	success	success	NOUN
arjefm-1159	84	21	.	.	PUNCT
arjefm-1159	85	1	this	this	PRON
arjefm-1159	85	2	can	can	AUX
arjefm-1159	85	3	translate	translate	VERB
arjefm-1159	85	4	into	into	ADP
arjefm-1159	85	5	dividends	dividend	NOUN
arjefm-1159	85	6	,	,	PUNCT
arjefm-1159	85	7	which	which	PRON
arjefm-1159	85	8	are	be	AUX
arjefm-1159	85	9	regular	regular	ADJ
arjefm-1159	85	10	payments	payment	NOUN
arjefm-1159	85	11	to	to	ADP
arjefm-1159	85	12	shareholders	shareholder	NOUN
arjefm-1159	85	13	,	,	PUNCT
arjefm-1159	85	14	or	or	CCONJ
arjefm-1159	85	15	capital	capital	NOUN
arjefm-1159	85	16	gains	gain	NOUN
arjefm-1159	85	17	,	,	PUNCT
arjefm-1159	85	18	realized	realize	VERB
arjefm-1159	85	19	when	when	SCONJ
arjefm-1159	85	20	you	you	PRON
arjefm-1159	85	21	sell	sell	VERB
arjefm-1159	85	22	your	your	PRON
arjefm-1159	85	23	shares	share	NOUN
arjefm-1159	85	24	at	at	ADP
arjefm-1159	85	25	a	a	DET
arjefm-1159	85	26	higher	high	ADJ
arjefm-1159	85	27	price	price	NOUN
arjefm-1159	85	28	.	.	PUNCT
arjefm-1159	86	1	the	the	DET
arjefm-1159	86	2	stock	stock	NOUN
arjefm-1159	86	3	market	market	NOUN
arjefm-1159	86	4	exists	exist	VERB
arjefm-1159	86	5	in	in	ADP
arjefm-1159	86	6	a	a	DET
arjefm-1159	86	7	virtual	virtual	ADJ
arjefm-1159	86	8	realm	realm	NOUN
arjefm-1159	86	9	,	,	PUNCT
arjefm-1159	86	10	operating	operate	VERB
arjefm-1159	86	11	through	through	ADP
arjefm-1159	86	12	a	a	DET
arjefm-1159	86	13	network	network	NOUN
arjefm-1159	86	14	of	of	ADP
arjefm-1159	86	15	exchanges	exchange	NOUN
arjefm-1159	86	16	.	.	PUNCT
arjefm-1159	87	1	in	in	ADP
arjefm-1159	87	2	nigeria	nigeria	PROPN
arjefm-1159	87	3	,	,	PUNCT
arjefm-1159	87	4	the	the	DET
arjefm-1159	87	5	nigerian	nigerian	ADJ
arjefm-1159	87	6	exchange	exchange	NOUN
arjefm-1159	87	7	group	group	NOUN
arjefm-1159	87	8	(	(	PUNCT
arjefm-1159	87	9	ngx	ngx	NOUN
arjefm-1159	87	10	)	)	PUNCT
arjefm-1159	87	11	serves	serve	VERB
arjefm-1159	87	12	as	as	ADP
arjefm-1159	87	13	the	the	DET
arjefm-1159	87	14	primary	primary	ADJ
arjefm-1159	87	15	platform	platform	NOUN
arjefm-1159	87	16	,	,	PUNCT
arjefm-1159	87	17	facilitating	facilitate	VERB
arjefm-1159	87	18	the	the	DET
arjefm-1159	87	19	buying	buying	NOUN
arjefm-1159	87	20	and	and	CCONJ
arjefm-1159	87	21	selling	selling	NOUN
arjefm-1159	87	22	of	of	ADP
arjefm-1159	87	23	shares	share	NOUN
arjefm-1159	87	24	in	in	ADP
arjefm-1159	87	25	listed	list	VERB
arjefm-1159	87	26	companies	company	NOUN
arjefm-1159	87	27	.	.	PUNCT
arjefm-1159	88	1	this	this	DET
arjefm-1159	88	2	dynamic	dynamic	ADJ
arjefm-1159	88	3	marketplace	marketplace	NOUN
arjefm-1159	88	4	allows	allow	VERB
arjefm-1159	88	5	investors	investor	NOUN
arjefm-1159	88	6	to	to	PART
arjefm-1159	88	7	participate	participate	VERB
arjefm-1159	88	8	in	in	ADP
arjefm-1159	88	9	the	the	DET
arjefm-1159	88	10	economy	economy	NOUN
arjefm-1159	88	11	by	by	ADP
arjefm-1159	88	12	trading	trade	VERB
arjefm-1159	88	13	shares	share	NOUN
arjefm-1159	88	14	based	base	VERB
arjefm-1159	88	15	on	on	ADP
arjefm-1159	88	16	their	their	PRON
arjefm-1159	88	17	perceived	perceive	VERB
arjefm-1159	88	18	value	value	NOUN
arjefm-1159	88	19	and	and	CCONJ
arjefm-1159	88	20	future	future	ADJ
arjefm-1159	88	21	potential	potential	NOUN
arjefm-1159	88	22	.	.	PUNCT
arjefm-1159	89	1	whether	whether	SCONJ
arjefm-1159	89	2	you	you	PRON
arjefm-1159	89	3	are	be	AUX
arjefm-1159	89	4	a	a	DET
arjefm-1159	89	5	novice	novice	NOUN
arjefm-1159	89	6	or	or	CCONJ
arjefm-1159	89	7	a	a	DET
arjefm-1159	89	8	seasoned	seasoned	ADJ
arjefm-1159	89	9	investor	investor	NOUN
arjefm-1159	89	10	,	,	PUNCT
arjefm-1159	89	11	understanding	understand	VERB
arjefm-1159	89	12	the	the	DET
arjefm-1159	89	13	intricacies	intricacy	NOUN
arjefm-1159	89	14	of	of	ADP
arjefm-1159	89	15	the	the	DET
arjefm-1159	89	16	nigerian	nigerian	ADJ
arjefm-1159	89	17	stock	stock	NOUN
arjefm-1159	89	18	market	market	NOUN
arjefm-1159	89	19	is	be	AUX
arjefm-1159	89	20	essential	essential	ADJ
arjefm-1159	89	21	for	for	ADP
arjefm-1159	89	22	making	make	VERB
arjefm-1159	89	23	sound	sound	ADJ
arjefm-1159	89	24	investment	investment	NOUN
arjefm-1159	89	25	decisions	decision	NOUN
arjefm-1159	89	26	.	.	PUNCT
arjefm-1159	90	1	this	this	DET
arjefm-1159	90	2	guide	guide	NOUN
arjefm-1159	90	3	will	will	AUX
arjefm-1159	90	4	delve	delve	VERB
arjefm-1159	90	5	into	into	ADP
arjefm-1159	90	6	the	the	DET
arjefm-1159	90	7	key	key	ADJ
arjefm-1159	90	8	components	component	NOUN
arjefm-1159	90	9	of	of	ADP
arjefm-1159	90	10	the	the	DET
arjefm-1159	90	11	nigerian	nigerian	ADJ
arjefm-1159	90	12	stock	stock	NOUN
arjefm-1159	90	13	market	market	NOUN
arjefm-1159	90	14	,	,	PUNCT
arjefm-1159	90	15	empowering	empower	VERB
arjefm-1159	90	16	you	you	PRON
arjefm-1159	90	17	to	to	PART
arjefm-1159	90	18	navigate	navigate	VERB
arjefm-1159	90	19	this	this	DET
arjefm-1159	90	20	dynamic	dynamic	ADJ
arjefm-1159	90	21	landscape	landscape	NOUN
arjefm-1159	90	22	with	with	ADP
arjefm-1159	90	23	confidence	confidence	NOUN
arjefm-1159	90	24	.	.	PUNCT
arjefm-1159	91	1	a	a	DET
arjefm-1159	91	2	brief	brief	ADJ
arjefm-1159	91	3	history	history	NOUN
arjefm-1159	91	4	of	of	ADP
arjefm-1159	91	5	the	the	DET
arjefm-1159	91	6	nigerian	nigerian	ADJ
arjefm-1159	91	7	stock	stock	NOUN
arjefm-1159	91	8	exchange	exchange	NOUN
arjefm-1159	91	9	on	on	ADP
arjefm-1159	91	10	15th	15th	ADJ
arjefm-1159	91	11	september	september	PROPN
arjefm-1159	91	12	,	,	PUNCT
arjefm-1159	91	13	1960	1960	NUM
arjefm-1159	91	14	,	,	PUNCT
arjefm-1159	91	15	the	the	DET
arjefm-1159	91	16	nigerian	nigerian	ADJ
arjefm-1159	91	17	stock	stock	NOUN
arjefm-1159	91	18	exchange	exchange	PROPN
arjefm-1159	91	19	(	(	PUNCT
arjefm-1159	91	20	ngx	ngx	PROPN
arjefm-1159	91	21	)	)	PUNCT
arjefm-1159	91	22	,	,	PUNCT
arjefm-1159	91	23	originally	originally	ADV
arjefm-1159	91	24	the	the	DET
arjefm-1159	91	25	lagos	lagos	PROPN
arjefm-1159	91	26	stock	stock	NOUN
arjefm-1159	91	27	exchange	exchange	PROPN
arjefm-1159	91	28	,	,	PUNCT
arjefm-1159	91	29	was	be	AUX
arjefm-1159	91	30	established	establish	VERB
arjefm-1159	91	31	.	.	PUNCT
arjefm-1159	92	1	stocks	stock	NOUN
arjefm-1159	92	2	and	and	CCONJ
arjefm-1159	92	3	other	other	ADJ
arjefm-1159	92	4	securities	security	NOUN
arjefm-1159	92	5	can	can	AUX
arjefm-1159	92	6	be	be	AUX
arjefm-1159	92	7	purchased	purchase	VERB
arjefm-1159	92	8	and	and	CCONJ
arjefm-1159	92	9	traded	trade	VERB
arjefm-1159	92	10	on	on	ADP
arjefm-1159	92	11	the	the	DET
arjefm-1159	92	12	ngx	ngx	NOUN
arjefm-1159	92	13	.	.	PUNCT
arjefm-1159	93	1	it	it	PRON
arjefm-1159	93	2	acts	act	VERB
arjefm-1159	93	3	as	as	ADP
arjefm-1159	93	4	the	the	DET
arjefm-1159	93	5	main	main	ADJ
arjefm-1159	93	6	marketplace	marketplace	NOUN
arjefm-1159	93	7	where	where	SCONJ
arjefm-1159	93	8	investors	investor	NOUN
arjefm-1159	93	9	can	can	AUX
arjefm-1159	93	10	purchase	purchase	VERB
arjefm-1159	93	11	stock	stock	NOUN
arjefm-1159	93	12	in	in	ADP
arjefm-1159	93	13	businesses	business	NOUN
arjefm-1159	93	14	that	that	PRON
arjefm-1159	93	15	are	be	AUX
arjefm-1159	93	16	listed	list	VERB
arjefm-1159	93	17	on	on	ADP
arjefm-1159	93	18	the	the	DET
arjefm-1159	93	19	exchange	exchange	NOUN
arjefm-1159	93	20	.	.	PUNCT
arjefm-1159	94	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	94	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	95	1	american	american	PROPN
arjefm-1159	95	2	research	research	PROPN
arjefm-1159	95	3	journal	journal	PROPN
arjefm-1159	95	4	of	of	ADP
arjefm-1159	95	5	economics	economic	NOUN
arjefm-1159	95	6	,	,	PUNCT
arjefm-1159	95	7	finance	finance	NOUN
arjefm-1159	95	8	and	and	CCONJ
arjefm-1159	95	9	management	management	NOUN
arjefm-1159	95	10	volume	volume	NOUN
arjefm-1159	95	11	12	12	NUM
arjefm-1159	95	12	issue	issue	NOUN
arjefm-1159	95	13	3	3	NUM
arjefm-1159	95	14	,	,	PUNCT
arjefm-1159	95	15	july	july	PROPN
arjefm-1159	95	16	-	-	PUNCT
arjefm-1159	95	17	september	september	PROPN
arjefm-1159	95	18	2024	2024	NUM
arjefm-1159	95	19	issn	issn	NOUN
arjefm-1159	95	20	:	:	PUNCT
arjefm-1159	95	21	2836	2836	NUM
arjefm-1159	95	22	-	-	SYM
arjefm-1159	95	23	9416	9416	NUM
arjefm-1159	95	24	impact	impact	NOUN
arjefm-1159	95	25	factor	factor	NOUN
arjefm-1159	95	26	:	:	PUNCT
arjefm-1159	95	27	4.85	4.85	NUM
arjefm-1159	95	28	journal	journal	NOUN
arjefm-1159	95	29	homepage	homepage	NOUN
arjefm-1159	95	30	:	:	PUNCT
arjefm-1159	95	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	95	32	,	,	PUNCT
arjefm-1159	95	33	email	email	NOUN
arjefm-1159	95	34	:	:	PUNCT
arjefm-1159	95	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	95	36	official	official	ADJ
arjefm-1159	95	37	journal	journal	PROPN
arjefm-1159	95	38	of	of	ADP
arjefm-1159	95	39	america	america	PROPN
arjefm-1159	95	40	serial	serial	PROPN
arjefm-1159	95	41	publication	publication	NOUN
arjefm-1159	95	42	american	american	PROPN
arjefm-1159	95	43	research	research	PROPN
arjefm-1159	95	44	journal	journal	PROPN
arjefm-1159	95	45	of	of	ADP
arjefm-1159	95	46	economics	economic	NOUN
arjefm-1159	95	47	,	,	PUNCT
arjefm-1159	95	48	finance	finance	NOUN
arjefm-1159	95	49	and	and	CCONJ
arjefm-1159	95	50	management	management	NOUN
arjefm-1159	95	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	95	52	,	,	PUNCT
arjefm-1159	95	53	email	email	NOUN
arjefm-1159	95	54	:	:	PUNCT
arjefm-1159	95	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	96	1	112	112	NUM
arjefm-1159	97	1	|	|	ADV
arjefm-1159	97	2	p	p	X
arjefm-1159	97	3	a	a	DET
arjefm-1159	97	4	g	g	NOUN
arjefm-1159	97	5	e	e	NOUN
arjefm-1159	97	6	important	important	ADJ
arjefm-1159	97	7	indicators	indicator	NOUN
arjefm-1159	97	8	of	of	ADP
arjefm-1159	97	9	the	the	DET
arjefm-1159	97	10	condition	condition	NOUN
arjefm-1159	97	11	and	and	CCONJ
arjefm-1159	97	12	trajectory	trajectory	NOUN
arjefm-1159	97	13	of	of	ADP
arjefm-1159	97	14	the	the	DET
arjefm-1159	97	15	nigerian	nigerian	ADJ
arjefm-1159	97	16	stock	stock	NOUN
arjefm-1159	97	17	market	market	NOUN
arjefm-1159	97	18	are	be	AUX
arjefm-1159	97	19	market	market	NOUN
arjefm-1159	97	20	indices	index	NOUN
arjefm-1159	97	21	such	such	ADJ
arjefm-1159	97	22	as	as	ADP
arjefm-1159	97	23	the	the	DET
arjefm-1159	97	24	market	market	NOUN
arjefm-1159	97	25	capitalization	capitalization	NOUN
arjefm-1159	97	26	index	index	NOUN
arjefm-1159	97	27	(	(	PUNCT
arjefm-1159	97	28	mcap	mcap	NOUN
arjefm-1159	97	29	)	)	PUNCT
arjefm-1159	97	30	and	and	CCONJ
arjefm-1159	97	31	the	the	DET
arjefm-1159	97	32	ngx	ngx	PROPN
arjefm-1159	97	33	all	all	DET
arjefm-1159	97	34	-	-	PUNCT
arjefm-1159	97	35	share	share	NOUN
arjefm-1159	97	36	index	index	NOUN
arjefm-1159	97	37	(	(	PUNCT
arjefm-1159	97	38	asi	asi	NOUN
arjefm-1159	97	39	)	)	PUNCT
arjefm-1159	97	40	.	.	PUNCT
arjefm-1159	98	1	a	a	DET
arjefm-1159	98	2	strong	strong	ADJ
arjefm-1159	98	3	and	and	CCONJ
arjefm-1159	98	4	expanding	expand	VERB
arjefm-1159	98	5	market	market	NOUN
arjefm-1159	98	6	,	,	PUNCT
arjefm-1159	98	7	as	as	SCONJ
arjefm-1159	98	8	indicated	indicate	VERB
arjefm-1159	98	9	by	by	ADP
arjefm-1159	98	10	an	an	DET
arjefm-1159	98	11	increasing	increase	VERB
arjefm-1159	98	12	asi	asi	NOUN
arjefm-1159	98	13	and	and	CCONJ
arjefm-1159	98	14	mcap	mcap	NOUN
arjefm-1159	98	15	,	,	PUNCT
arjefm-1159	98	16	can	can	AUX
arjefm-1159	98	17	draw	draw	VERB
arjefm-1159	98	18	in	in	ADP
arjefm-1159	98	19	foreign	foreign	ADJ
arjefm-1159	98	20	capital	capital	NOUN
arjefm-1159	98	21	,	,	PUNCT
arjefm-1159	98	22	boost	boost	VERB
arjefm-1159	98	23	the	the	DET
arjefm-1159	98	24	economy	economy	NOUN
arjefm-1159	98	25	,	,	PUNCT
arjefm-1159	98	26	and	and	CCONJ
arjefm-1159	98	27	advance	advance	VERB
arjefm-1159	98	28	the	the	DET
arjefm-1159	98	29	growth	growth	NOUN
arjefm-1159	98	30	of	of	ADP
arjefm-1159	98	31	the	the	DET
arjefm-1159	98	32	country	country	NOUN
arjefm-1159	98	33	as	as	ADP
arjefm-1159	98	34	a	a	DET
arjefm-1159	98	35	whole	whole	NOUN
arjefm-1159	98	36	.	.	PUNCT
arjefm-1159	99	1	for	for	ADP
arjefm-1159	99	2	instance	instance	NOUN
arjefm-1159	99	3	,	,	PUNCT
arjefm-1159	99	4	market	market	NOUN
arjefm-1159	99	5	capitalization	capitalization	NOUN
arjefm-1159	99	6	of	of	ADP
arjefm-1159	99	7	listed	list	VERB
arjefm-1159	99	8	domestic	domestic	ADJ
arjefm-1159	99	9	companies	company	NOUN
arjefm-1159	99	10	in	in	ADP
arjefm-1159	99	11	nigeria	nigeria	PROPN
arjefm-1159	99	12	was	be	AUX
arjefm-1159	99	13	19.30	19.30	NUM
arjefm-1159	99	14	%	%	NOUN
arjefm-1159	99	15	of	of	ADP
arjefm-1159	99	16	gdp	gdp	NOUN
arjefm-1159	99	17	in	in	ADP
arjefm-1159	99	18	2022	2022	NUM
arjefm-1159	99	19	(	(	PUNCT
arjefm-1159	99	20	world	world	PROPN
arjefm-1159	99	21	bank	bank	PROPN
arjefm-1159	99	22	,	,	PUNCT
arjefm-1159	99	23	2024	2024	NUM
arjefm-1159	99	24	)	)	PUNCT
arjefm-1159	99	25	.	.	PUNCT
arjefm-1159	100	1	the	the	DET
arjefm-1159	100	2	market	market	NOUN
arjefm-1159	100	3	capitalization	capitalization	NOUN
arjefm-1159	100	4	of	of	ADP
arjefm-1159	100	5	the	the	DET
arjefm-1159	100	6	stocks	stock	NOUN
arjefm-1159	100	7	that	that	PRON
arjefm-1159	100	8	make	make	VERB
arjefm-1159	100	9	up	up	ADP
arjefm-1159	100	10	the	the	DET
arjefm-1159	100	11	all	all	DET
arjefm-1159	100	12	-	-	PUNCT
arjefm-1159	100	13	share	share	NOUN
arjefm-1159	100	14	index	index	NOUN
arjefm-1159	100	15	(	(	PUNCT
arjefm-1159	100	16	asi	asi	NOUN
arjefm-1159	100	17	)	)	PUNCT
arjefm-1159	100	18	is	be	AUX
arjefm-1159	100	19	directly	directly	ADV
arjefm-1159	100	20	related	relate	VERB
arjefm-1159	100	21	to	to	ADP
arjefm-1159	100	22	that	that	PRON
arjefm-1159	100	23	of	of	ADP
arjefm-1159	100	24	the	the	DET
arjefm-1159	100	25	index	index	NOUN
arjefm-1159	100	26	itself	itself	PRON
arjefm-1159	100	27	.	.	PUNCT
arjefm-1159	101	1	the	the	DET
arjefm-1159	101	2	aggregate	aggregate	ADJ
arjefm-1159	101	3	value	value	NOUN
arjefm-1159	101	4	of	of	ADP
arjefm-1159	101	5	the	the	DET
arjefm-1159	101	6	index	index	NOUN
arjefm-1159	101	7	changes	change	NOUN
arjefm-1159	101	8	in	in	ADP
arjefm-1159	101	9	tandem	tandem	NOUN
arjefm-1159	101	10	with	with	ADP
arjefm-1159	101	11	the	the	DET
arjefm-1159	101	12	value	value	NOUN
arjefm-1159	101	13	of	of	ADP
arjefm-1159	101	14	individual	individual	ADJ
arjefm-1159	101	15	companies	company	NOUN
arjefm-1159	101	16	.	.	PUNCT
arjefm-1159	102	1	the	the	DET
arjefm-1159	102	2	performance	performance	NOUN
arjefm-1159	102	3	of	of	ADP
arjefm-1159	102	4	the	the	DET
arjefm-1159	102	5	asi	asi	NOUN
arjefm-1159	102	6	can	can	AUX
arjefm-1159	102	7	therefore	therefore	ADV
arjefm-1159	102	8	be	be	AUX
arjefm-1159	102	9	significantly	significantly	ADV
arjefm-1159	102	10	impacted	impact	VERB
arjefm-1159	102	11	by	by	ADP
arjefm-1159	102	12	notable	notable	ADJ
arjefm-1159	102	13	shifts	shift	NOUN
arjefm-1159	102	14	in	in	ADP
arjefm-1159	102	15	the	the	DET
arjefm-1159	102	16	market	market	NOUN
arjefm-1159	102	17	capitalization	capitalization	NOUN
arjefm-1159	102	18	of	of	ADP
arjefm-1159	102	19	large	large	ADJ
arjefm-1159	102	20	corporations	corporation	NOUN
arjefm-1159	102	21	.	.	PUNCT
arjefm-1159	103	1	investors	investor	NOUN
arjefm-1159	103	2	,	,	PUNCT
arjefm-1159	103	3	analysts	analyst	NOUN
arjefm-1159	103	4	,	,	PUNCT
arjefm-1159	103	5	and	and	CCONJ
arjefm-1159	103	6	policymakers	policymaker	NOUN
arjefm-1159	103	7	keep	keep	VERB
arjefm-1159	103	8	a	a	DET
arjefm-1159	103	9	careful	careful	ADJ
arjefm-1159	103	10	eye	eye	NOUN
arjefm-1159	103	11	on	on	ADP
arjefm-1159	103	12	them	they	PRON
arjefm-1159	103	13	in	in	ADP
arjefm-1159	103	14	order	order	NOUN
arjefm-1159	103	15	to	to	PART
arjefm-1159	103	16	evaluate	evaluate	VERB
arjefm-1159	103	17	market	market	NOUN
arjefm-1159	103	18	trends	trend	NOUN
arjefm-1159	103	19	,	,	PUNCT
arjefm-1159	103	20	decide	decide	VERB
arjefm-1159	103	21	which	which	DET
arjefm-1159	103	22	investments	investment	NOUN
arjefm-1159	103	23	to	to	PART
arjefm-1159	103	24	undertake	undertake	VERB
arjefm-1159	103	25	,	,	PUNCT
arjefm-1159	103	26	and	and	CCONJ
arjefm-1159	103	27	create	create	VERB
arjefm-1159	103	28	economic	economic	ADJ
arjefm-1159	103	29	policies	policy	NOUN
arjefm-1159	103	30	.	.	PUNCT
arjefm-1159	104	1	in	in	ADP
arjefm-1159	104	2	august	august	PROPN
arjefm-1159	104	3	1961	1961	NUM
arjefm-1159	104	4	,	,	PUNCT
arjefm-1159	104	5	the	the	DET
arjefm-1159	104	6	ngx	ngx	PROPN
arjefm-1159	104	7	launched	launch	VERB
arjefm-1159	104	8	as	as	ADP
arjefm-1159	104	9	the	the	DET
arjefm-1159	104	10	first	first	ADJ
arjefm-1159	104	11	stock	stock	NOUN
arjefm-1159	104	12	exchange	exchange	NOUN
arjefm-1159	104	13	in	in	ADP
arjefm-1159	104	14	west	west	PROPN
arjefm-1159	104	15	africa	africa	PROPN
arjefm-1159	104	16	,	,	PUNCT
arjefm-1159	104	17	with	with	ADP
arjefm-1159	104	18	just	just	ADV
arjefm-1159	104	19	19	19	NUM
arjefm-1159	104	20	securities	security	NOUN
arjefm-1159	104	21	.	.	PUNCT
arjefm-1159	105	1	the	the	DET
arjefm-1159	105	2	exchange	exchange	NOUN
arjefm-1159	105	3	grew	grow	VERB
arjefm-1159	105	4	throughout	throughout	ADP
arjefm-1159	105	5	the	the	DET
arjefm-1159	105	6	years	year	NOUN
arjefm-1159	105	7	,	,	PUNCT
arjefm-1159	105	8	opening	open	VERB
arjefm-1159	105	9	branches	branch	NOUN
arjefm-1159	105	10	in	in	ADP
arjefm-1159	105	11	important	important	ADJ
arjefm-1159	105	12	nigerian	nigerian	ADJ
arjefm-1159	105	13	cities	city	NOUN
arjefm-1159	105	14	.	.	PUNCT
arjefm-1159	106	1	it	it	PRON
arjefm-1159	106	2	formally	formally	ADV
arjefm-1159	106	3	changed	change	VERB
arjefm-1159	106	4	its	its	PRON
arjefm-1159	106	5	name	name	NOUN
arjefm-1159	106	6	to	to	ADP
arjefm-1159	106	7	the	the	DET
arjefm-1159	106	8	nigerian	nigerian	ADJ
arjefm-1159	106	9	stock	stock	NOUN
arjefm-1159	106	10	exchange	exchange	NOUN
arjefm-1159	106	11	in	in	ADP
arjefm-1159	106	12	1977	1977	NUM
arjefm-1159	106	13	.	.	PUNCT
arjefm-1159	107	1	by	by	ADP
arjefm-1159	107	2	facilitating	facilitate	VERB
arjefm-1159	107	3	investments	investment	NOUN
arjefm-1159	107	4	,	,	PUNCT
arjefm-1159	107	5	the	the	DET
arjefm-1159	107	6	ngx	ngx	PROPN
arjefm-1159	107	7	now	now	ADV
arjefm-1159	107	8	aims	aim	VERB
arjefm-1159	107	9	to	to	PART
arjefm-1159	107	10	play	play	VERB
arjefm-1159	107	11	a	a	DET
arjefm-1159	107	12	key	key	ADJ
arjefm-1159	107	13	role	role	NOUN
arjefm-1159	107	14	in	in	ADP
arjefm-1159	107	15	propelling	propel	VERB
arjefm-1159	107	16	nigeria	nigeria	PROPN
arjefm-1159	107	17	's	's	PART
arjefm-1159	107	18	economic	economic	ADJ
arjefm-1159	107	19	expansion	expansion	NOUN
arjefm-1159	107	20	.	.	PUNCT
arjefm-1159	108	1	stocks	stock	NOUN
arjefm-1159	108	2	,	,	PUNCT
arjefm-1159	108	3	often	often	ADV
arjefm-1159	108	4	known	know	VERB
arjefm-1159	108	5	as	as	ADP
arjefm-1159	108	6	shares	share	NOUN
arjefm-1159	108	7	,	,	PUNCT
arjefm-1159	108	8	are	be	AUX
arjefm-1159	108	9	a	a	DET
arjefm-1159	108	10	type	type	NOUN
arjefm-1159	108	11	of	of	ADP
arjefm-1159	108	12	ownership	ownership	NOUN
arjefm-1159	108	13	stake	stake	NOUN
arjefm-1159	108	14	in	in	ADP
arjefm-1159	108	15	a	a	DET
arjefm-1159	108	16	business	business	NOUN
arjefm-1159	108	17	.	.	PUNCT
arjefm-1159	109	1	you	you	PRON
arjefm-1159	109	2	can	can	AUX
arjefm-1159	109	3	share	share	VERB
arjefm-1159	109	4	in	in	ADP
arjefm-1159	109	5	the	the	DET
arjefm-1159	109	6	company	company	NOUN
arjefm-1159	109	7	's	's	PART
arjefm-1159	109	8	possible	possible	ADJ
arjefm-1159	109	9	achievements	achievement	NOUN
arjefm-1159	109	10	and	and	CCONJ
arjefm-1159	109	11	difficulties	difficulty	NOUN
arjefm-1159	109	12	by	by	ADP
arjefm-1159	109	13	buying	buy	VERB
arjefm-1159	109	14	stock	stock	NOUN
arjefm-1159	109	15	,	,	PUNCT
arjefm-1159	109	16	which	which	PRON
arjefm-1159	109	17	makes	make	VERB
arjefm-1159	109	18	you	you	PRON
arjefm-1159	109	19	a	a	DET
arjefm-1159	109	20	co	co	NOUN
arjefm-1159	109	21	-	-	NOUN
arjefm-1159	109	22	owner	owner	NOUN
arjefm-1159	109	23	.	.	PUNCT
arjefm-1159	110	1	if	if	SCONJ
arjefm-1159	110	2	you	you	PRON
arjefm-1159	110	3	own	own	VERB
arjefm-1159	110	4	100	100	NUM
arjefm-1159	110	5	shares	share	NOUN
arjefm-1159	110	6	,	,	PUNCT
arjefm-1159	110	7	for	for	ADP
arjefm-1159	110	8	example	example	NOUN
arjefm-1159	110	9	,	,	PUNCT
arjefm-1159	110	10	you	you	PRON
arjefm-1159	110	11	have	have	VERB
arjefm-1159	110	12	a	a	DET
arjefm-1159	110	13	tiny	tiny	ADJ
arjefm-1159	110	14	part	part	NOUN
arjefm-1159	110	15	in	in	ADP
arjefm-1159	110	16	the	the	DET
arjefm-1159	110	17	company	company	NOUN
arjefm-1159	110	18	's	's	PART
arjefm-1159	110	19	future	future	NOUN
arjefm-1159	110	20	.	.	PUNCT
arjefm-1159	111	1	the	the	DET
arjefm-1159	111	2	possibility	possibility	NOUN
arjefm-1159	111	3	for	for	ADP
arjefm-1159	111	4	capital	capital	NOUN
arjefm-1159	111	5	growth	growth	NOUN
arjefm-1159	111	6	,	,	PUNCT
arjefm-1159	111	7	consistent	consistent	ADJ
arjefm-1159	111	8	dividend	dividend	NOUN
arjefm-1159	111	9	payments	payment	NOUN
arjefm-1159	111	10	,	,	PUNCT
arjefm-1159	111	11	the	the	DET
arjefm-1159	111	12	ability	ability	NOUN
arjefm-1159	111	13	to	to	PART
arjefm-1159	111	14	vote	vote	VERB
arjefm-1159	111	15	on	on	ADP
arjefm-1159	111	16	corporate	corporate	ADJ
arjefm-1159	111	17	decisions	decision	NOUN
arjefm-1159	111	18	,	,	PUNCT
arjefm-1159	111	19	and	and	CCONJ
arjefm-1159	111	20	the	the	DET
arjefm-1159	111	21	chance	chance	NOUN
arjefm-1159	111	22	to	to	PART
arjefm-1159	111	23	profit	profit	VERB
arjefm-1159	111	24	from	from	ADP
arjefm-1159	111	25	a	a	DET
arjefm-1159	111	26	company	company	NOUN
arjefm-1159	111	27	's	's	PART
arjefm-1159	111	28	expansion	expansion	NOUN
arjefm-1159	111	29	and	and	CCONJ
arjefm-1159	111	30	success	success	NOUN
arjefm-1159	111	31	are	be	AUX
arjefm-1159	111	32	just	just	ADV
arjefm-1159	111	33	a	a	DET
arjefm-1159	111	34	few	few	ADJ
arjefm-1159	111	35	benefits	benefit	NOUN
arjefm-1159	111	36	of	of	ADP
arjefm-1159	111	37	investing	invest	VERB
arjefm-1159	111	38	in	in	ADP
arjefm-1159	111	39	shares	share	NOUN
arjefm-1159	111	40	.	.	PUNCT
arjefm-1159	112	1	a	a	DET
arjefm-1159	112	2	good	good	ADJ
arjefm-1159	112	3	share	share	NOUN
arjefm-1159	112	4	portfolio	portfolio	NOUN
arjefm-1159	112	5	requires	require	VERB
arjefm-1159	112	6	thorough	thorough	ADJ
arjefm-1159	112	7	planning	planning	NOUN
arjefm-1159	112	8	and	and	CCONJ
arjefm-1159	112	9	investigation	investigation	NOUN
arjefm-1159	112	10	.	.	PUNCT
arjefm-1159	113	1	make	make	VERB
arjefm-1159	113	2	sure	sure	ADJ
arjefm-1159	113	3	your	your	PRON
arjefm-1159	113	4	investment	investment	NOUN
arjefm-1159	113	5	mix	mix	NOUN
arjefm-1159	113	6	is	be	AUX
arjefm-1159	113	7	diversified	diversify	VERB
arjefm-1159	113	8	before	before	ADP
arjefm-1159	113	9	making	make	VERB
arjefm-1159	113	10	an	an	DET
arjefm-1159	113	11	investment	investment	NOUN
arjefm-1159	113	12	,	,	PUNCT
arjefm-1159	113	13	use	use	VERB
arjefm-1159	113	14	investment	investment	NOUN
arjefm-1159	113	15	factsheets	factsheet	NOUN
arjefm-1159	113	16	and	and	CCONJ
arjefm-1159	113	17	regulatory	regulatory	ADJ
arjefm-1159	113	18	news	news	NOUN
arjefm-1159	113	19	to	to	PART
arjefm-1159	113	20	thoroughly	thoroughly	ADV
arjefm-1159	113	21	examine	examine	VERB
arjefm-1159	113	22	the	the	DET
arjefm-1159	113	23	company	company	NOUN
arjefm-1159	113	24	's	's	PART
arjefm-1159	113	25	financials	financial	NOUN
arjefm-1159	113	26	,	,	PUNCT
arjefm-1159	113	27	make	make	VERB
arjefm-1159	113	28	the	the	DET
arjefm-1159	113	29	most	most	ADJ
arjefm-1159	113	30	of	of	ADP
arjefm-1159	113	31	tax	tax	NOUN
arjefm-1159	113	32	-	-	PUNCT
arjefm-1159	113	33	efficient	efficient	ADJ
arjefm-1159	113	34	allowances	allowance	NOUN
arjefm-1159	113	35	such	such	ADJ
arjefm-1159	113	36	as	as	ADP
arjefm-1159	113	37	stocks	stock	NOUN
arjefm-1159	113	38	and	and	CCONJ
arjefm-1159	113	39	shares	share	NOUN
arjefm-1159	113	40	isas	isa	NOUN
arjefm-1159	113	41	,	,	PUNCT
arjefm-1159	113	42	and	and	CCONJ
arjefm-1159	113	43	,	,	PUNCT
arjefm-1159	113	44	if	if	SCONJ
arjefm-1159	113	45	your	your	PRON
arjefm-1159	113	46	isa	isa	NOUN
arjefm-1159	113	47	allowance	allowance	NOUN
arjefm-1159	113	48	is	be	AUX
arjefm-1159	113	49	completely	completely	ADV
arjefm-1159	113	50	used	use	VERB
arjefm-1159	113	51	,	,	PUNCT
arjefm-1159	113	52	look	look	VERB
arjefm-1159	113	53	at	at	ADP
arjefm-1159	113	54	investment	investment	NOUN
arjefm-1159	113	55	accounts	account	NOUN
arjefm-1159	113	56	as	as	ADP
arjefm-1159	113	57	a	a	DET
arjefm-1159	113	58	backup	backup	ADJ
arjefm-1159	113	59	plan	plan	NOUN
arjefm-1159	113	60	.	.	PUNCT
arjefm-1159	114	1	purchasing	purchase	VERB
arjefm-1159	114	2	stock	stock	NOUN
arjefm-1159	114	3	involves	involve	VERB
arjefm-1159	114	4	a	a	DET
arjefm-1159	114	5	number	number	NOUN
arjefm-1159	114	6	of	of	ADP
arjefm-1159	114	7	dangers	danger	NOUN
arjefm-1159	114	8	,	,	PUNCT
arjefm-1159	114	9	such	such	ADJ
arjefm-1159	114	10	as	as	ADP
arjefm-1159	114	11	the	the	DET
arjefm-1159	114	12	possibility	possibility	NOUN
arjefm-1159	114	13	of	of	ADP
arjefm-1159	114	14	concentrated	concentrated	ADJ
arjefm-1159	114	15	investments	investment	NOUN
arjefm-1159	114	16	,	,	PUNCT
arjefm-1159	114	17	the	the	DET
arjefm-1159	114	18	requirement	requirement	NOUN
arjefm-1159	114	19	for	for	ADP
arjefm-1159	114	20	proactive	proactive	ADJ
arjefm-1159	114	21	self	self	NOUN
arjefm-1159	114	22	-	-	PUNCT
arjefm-1159	114	23	management	management	NOUN
arjefm-1159	114	24	,	,	PUNCT
arjefm-1159	114	25	and	and	CCONJ
arjefm-1159	114	26	the	the	DET
arjefm-1159	114	27	possibility	possibility	NOUN
arjefm-1159	114	28	of	of	ADP
arjefm-1159	114	29	capital	capital	NOUN
arjefm-1159	114	30	loss	loss	NOUN
arjefm-1159	114	31	as	as	ADP
arjefm-1159	114	32	a	a	DET
arjefm-1159	114	33	result	result	NOUN
arjefm-1159	114	34	of	of	ADP
arjefm-1159	114	35	poor	poor	ADJ
arjefm-1159	114	36	company	company	NOUN
arjefm-1159	114	37	performance	performance	NOUN
arjefm-1159	114	38	or	or	CCONJ
arjefm-1159	114	39	unfavourable	unfavourable	ADJ
arjefm-1159	114	40	market	market	NOUN
arjefm-1159	114	41	conditions	condition	NOUN
arjefm-1159	114	42	.	.	PUNCT
arjefm-1159	115	1	on	on	ADP
arjefm-1159	115	2	weekdays	weekday	NOUN
arjefm-1159	115	3	,	,	PUNCT
arjefm-1159	115	4	the	the	DET
arjefm-1159	115	5	nigerian	nigerian	ADJ
arjefm-1159	115	6	stock	stock	NOUN
arjefm-1159	115	7	market	market	NOUN
arjefm-1159	115	8	is	be	AUX
arjefm-1159	115	9	open	open	ADJ
arjefm-1159	115	10	from	from	ADP
arjefm-1159	115	11	10	10	NUM
arjefm-1159	115	12	a.m.	a.m.	NOUN
arjefm-1159	115	13	to	to	ADP
arjefm-1159	115	14	2:30	2:30	NUM
arjefm-1159	115	15	p.m.	p.m.	NOUN
arjefm-1159	115	16	through	through	ADP
arjefm-1159	115	17	authorized	authorize	VERB
arjefm-1159	115	18	stockbrokers	stockbroker	NOUN
arjefm-1159	115	19	,	,	PUNCT
arjefm-1159	115	20	investors	investor	NOUN
arjefm-1159	115	21	purchase	purchase	VERB
arjefm-1159	115	22	and	and	CCONJ
arjefm-1159	115	23	sell	sell	VERB
arjefm-1159	115	24	shares	share	NOUN
arjefm-1159	115	25	of	of	ADP
arjefm-1159	115	26	different	different	ADJ
arjefm-1159	115	27	companies	company	NOUN
arjefm-1159	115	28	.	.	PUNCT
arjefm-1159	116	1	stock	stock	NOUN
arjefm-1159	116	2	prices	price	NOUN
arjefm-1159	116	3	fluctuate	fluctuate	NOUN
arjefm-1159	116	4	based	base	VERB
arjefm-1159	116	5	on	on	ADP
arjefm-1159	116	6	supply	supply	NOUN
arjefm-1159	116	7	and	and	CCONJ
arjefm-1159	116	8	demand	demand	NOUN
arjefm-1159	116	9	,	,	PUNCT
arjefm-1159	116	10	allowing	allow	VERB
arjefm-1159	116	11	investors	investor	NOUN
arjefm-1159	116	12	to	to	PART
arjefm-1159	116	13	potentially	potentially	ADV
arjefm-1159	116	14	profit	profit	VERB
arjefm-1159	116	15	by	by	ADP
arjefm-1159	116	16	timing	time	VERB
arjefm-1159	116	17	their	their	PRON
arjefm-1159	116	18	purchases	purchase	NOUN
arjefm-1159	116	19	and	and	CCONJ
arjefm-1159	116	20	sales	sale	NOUN
arjefm-1159	116	21	by	by	ADP
arjefm-1159	116	22	buying	buy	VERB
arjefm-1159	116	23	low	low	ADJ
arjefm-1159	116	24	and	and	CCONJ
arjefm-1159	116	25	selling	sell	VERB
arjefm-1159	116	26	high	high	ADJ
arjefm-1159	116	27	.	.	PUNCT
arjefm-1159	117	1	the	the	DET
arjefm-1159	117	2	two	two	NUM
arjefm-1159	117	3	main	main	ADJ
arjefm-1159	117	4	techniques	technique	NOUN
arjefm-1159	117	5	used	use	VERB
arjefm-1159	117	6	by	by	ADP
arjefm-1159	117	7	investors	investor	NOUN
arjefm-1159	117	8	to	to	PART
arjefm-1159	117	9	evaluate	evaluate	VERB
arjefm-1159	117	10	equities	equity	NOUN
arjefm-1159	117	11	are	be	AUX
arjefm-1159	117	12	technical	technical	ADJ
arjefm-1159	117	13	analysis	analysis	NOUN
arjefm-1159	117	14	and	and	CCONJ
arjefm-1159	117	15	fundamental	fundamental	ADJ
arjefm-1159	117	16	analysis	analysis	NOUN
arjefm-1159	117	17	.	.	PUNCT
arjefm-1159	118	1	in	in	ADP
arjefm-1159	118	2	order	order	NOUN
arjefm-1159	118	3	to	to	PART
arjefm-1159	118	4	ascertain	ascertain	VERB
arjefm-1159	118	5	a	a	DET
arjefm-1159	118	6	company	company	NOUN
arjefm-1159	118	7	's	's	PART
arjefm-1159	118	8	inherent	inherent	ADJ
arjefm-1159	118	9	value	value	NOUN
arjefm-1159	118	10	,	,	PUNCT
arjefm-1159	118	11	fundamental	fundamental	ADJ
arjefm-1159	118	12	analysis	analysis	NOUN
arjefm-1159	118	13	entails	entail	VERB
arjefm-1159	118	14	assessing	assess	VERB
arjefm-1159	118	15	its	its	PRON
arjefm-1159	118	16	performance	performance	NOUN
arjefm-1159	118	17	,	,	PUNCT
arjefm-1159	118	18	competitive	competitive	ADJ
arjefm-1159	118	19	position	position	NOUN
arjefm-1159	118	20	,	,	PUNCT
arjefm-1159	118	21	and	and	CCONJ
arjefm-1159	118	22	financial	financial	ADJ
arjefm-1159	118	23	health	health	NOUN
arjefm-1159	118	24	.	.	PUNCT
arjefm-1159	119	1	to	to	PART
arjefm-1159	119	2	forecast	forecast	VERB
arjefm-1159	119	3	future	future	ADJ
arjefm-1159	119	4	price	price	NOUN
arjefm-1159	119	5	movements	movement	NOUN
arjefm-1159	119	6	,	,	PUNCT
arjefm-1159	119	7	technical	technical	ADJ
arjefm-1159	119	8	analysis	analysis	NOUN
arjefm-1159	119	9	,	,	PUNCT
arjefm-1159	119	10	on	on	ADP
arjefm-1159	119	11	the	the	DET
arjefm-1159	119	12	other	other	ADJ
arjefm-1159	119	13	hand	hand	NOUN
arjefm-1159	119	14	,	,	PUNCT
arjefm-1159	119	15	focuses	focus	VERB
arjefm-1159	119	16	on	on	ADP
arjefm-1159	119	17	examining	examine	VERB
arjefm-1159	119	18	price	price	NOUN
arjefm-1159	119	19	patterns	pattern	NOUN
arjefm-1159	119	20	and	and	CCONJ
arjefm-1159	119	21	trends	trend	NOUN
arjefm-1159	119	22	.	.	PUNCT
arjefm-1159	120	1	nigerian	nigerian	ADJ
arjefm-1159	120	2	stock	stock	NOUN
arjefm-1159	120	3	market	market	NOUN
arjefm-1159	120	4	's	's	PART
arjefm-1159	120	5	contribution	contribution	NOUN
arjefm-1159	120	6	to	to	ADP
arjefm-1159	120	7	the	the	DET
arjefm-1159	120	8	economy	economy	NOUN
arjefm-1159	120	9	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	120	10	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	120	11	american	american	PROPN
arjefm-1159	120	12	research	research	PROPN
arjefm-1159	120	13	journal	journal	PROPN
arjefm-1159	120	14	of	of	ADP
arjefm-1159	120	15	economics	economic	NOUN
arjefm-1159	120	16	,	,	PUNCT
arjefm-1159	120	17	finance	finance	NOUN
arjefm-1159	120	18	and	and	CCONJ
arjefm-1159	120	19	management	management	NOUN
arjefm-1159	120	20	volume	volume	NOUN
arjefm-1159	120	21	12	12	NUM
arjefm-1159	120	22	issue	issue	NOUN
arjefm-1159	120	23	3	3	NUM
arjefm-1159	120	24	,	,	PUNCT
arjefm-1159	120	25	july	july	PROPN
arjefm-1159	120	26	-	-	PUNCT
arjefm-1159	120	27	september	september	PROPN
arjefm-1159	120	28	2024	2024	NUM
arjefm-1159	120	29	issn	issn	NOUN
arjefm-1159	120	30	:	:	PUNCT
arjefm-1159	120	31	2836	2836	NUM
arjefm-1159	120	32	-	-	SYM
arjefm-1159	120	33	9416	9416	NUM
arjefm-1159	120	34	impact	impact	NOUN
arjefm-1159	120	35	factor	factor	NOUN
arjefm-1159	120	36	:	:	PUNCT
arjefm-1159	120	37	4.85	4.85	NUM
arjefm-1159	120	38	journal	journal	NOUN
arjefm-1159	120	39	homepage	homepage	NOUN
arjefm-1159	120	40	:	:	PUNCT
arjefm-1159	120	41	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	120	42	,	,	PUNCT
arjefm-1159	120	43	email	email	NOUN
arjefm-1159	120	44	:	:	PUNCT
arjefm-1159	120	45	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	120	46	official	official	ADJ
arjefm-1159	120	47	journal	journal	PROPN
arjefm-1159	120	48	of	of	ADP
arjefm-1159	120	49	america	america	PROPN
arjefm-1159	120	50	serial	serial	PROPN
arjefm-1159	120	51	publication	publication	NOUN
arjefm-1159	120	52	american	american	PROPN
arjefm-1159	120	53	research	research	PROPN
arjefm-1159	120	54	journal	journal	PROPN
arjefm-1159	120	55	of	of	ADP
arjefm-1159	120	56	economics	economic	NOUN
arjefm-1159	120	57	,	,	PUNCT
arjefm-1159	120	58	finance	finance	NOUN
arjefm-1159	120	59	and	and	CCONJ
arjefm-1159	120	60	management	management	NOUN
arjefm-1159	120	61	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	120	62	,	,	PUNCT
arjefm-1159	120	63	email	email	NOUN
arjefm-1159	120	64	:	:	PUNCT
arjefm-1159	120	65	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	120	66	113	113	NUM
arjefm-1159	121	1	|	|	ADV
arjefm-1159	121	2	p	p	X
arjefm-1159	121	3	a	a	DET
arjefm-1159	121	4	g	g	PROPN
arjefm-1159	121	5	e	e	PROPN
arjefm-1159	121	6	nigeria	nigeria	PROPN
arjefm-1159	121	7	's	's	PART
arjefm-1159	121	8	economy	economy	NOUN
arjefm-1159	121	9	is	be	AUX
arjefm-1159	121	10	greatly	greatly	ADV
arjefm-1159	121	11	influenced	influence	VERB
arjefm-1159	121	12	by	by	ADP
arjefm-1159	121	13	the	the	DET
arjefm-1159	121	14	nigerian	nigerian	ADJ
arjefm-1159	121	15	stock	stock	NOUN
arjefm-1159	121	16	exchange	exchange	PROPN
arjefm-1159	121	17	(	(	PUNCT
arjefm-1159	121	18	ngx	ngx	PROPN
arjefm-1159	121	19	)	)	PUNCT
arjefm-1159	121	20	,	,	PUNCT
arjefm-1159	121	21	which	which	PRON
arjefm-1159	121	22	serves	serve	VERB
arjefm-1159	121	23	as	as	ADP
arjefm-1159	121	24	a	a	DET
arjefm-1159	121	25	venue	venue	NOUN
arjefm-1159	121	26	for	for	SCONJ
arjefm-1159	121	27	businesses	business	NOUN
arjefm-1159	121	28	to	to	PART
arjefm-1159	121	29	raise	raise	VERB
arjefm-1159	121	30	capital	capital	NOUN
arjefm-1159	121	31	and	and	CCONJ
arjefm-1159	121	32	for	for	SCONJ
arjefm-1159	121	33	investors	investor	NOUN
arjefm-1159	121	34	to	to	PART
arjefm-1159	121	35	buy	buy	VERB
arjefm-1159	121	36	shares	share	NOUN
arjefm-1159	121	37	.	.	PUNCT
arjefm-1159	122	1	the	the	DET
arjefm-1159	122	2	ngx	ngx	PROPN
arjefm-1159	122	3	is	be	AUX
arjefm-1159	122	4	governed	govern	VERB
arjefm-1159	122	5	by	by	ADP
arjefm-1159	122	6	the	the	DET
arjefm-1159	122	7	securities	securities	PROPN
arjefm-1159	122	8	and	and	CCONJ
arjefm-1159	122	9	exchange	exchange	PROPN
arjefm-1159	122	10	commission	commission	PROPN
arjefm-1159	122	11	(	(	PUNCT
arjefm-1159	122	12	sec	sec	PROPN
arjefm-1159	122	13	)	)	PUNCT
arjefm-1159	122	14	,	,	PUNCT
arjefm-1159	122	15	which	which	PRON
arjefm-1159	122	16	guarantees	guarantee	VERB
arjefm-1159	122	17	ethical	ethical	ADJ
arjefm-1159	122	18	trading	trading	NOUN
arjefm-1159	122	19	practices	practice	NOUN
arjefm-1159	122	20	and	and	CCONJ
arjefm-1159	122	21	safeguards	safeguard	VERB
arjefm-1159	122	22	investor	investor	NOUN
arjefm-1159	122	23	interests	interest	NOUN
arjefm-1159	122	24	.	.	PUNCT
arjefm-1159	123	1	it	it	PRON
arjefm-1159	123	2	is	be	AUX
arjefm-1159	123	3	essential	essential	ADJ
arjefm-1159	123	4	to	to	PART
arjefm-1159	123	5	comprehend	comprehend	VERB
arjefm-1159	123	6	the	the	DET
arjefm-1159	123	7	nuances	nuance	NOUN
arjefm-1159	123	8	of	of	ADP
arjefm-1159	123	9	the	the	DET
arjefm-1159	123	10	nigerian	nigerian	ADJ
arjefm-1159	123	11	stock	stock	NOUN
arjefm-1159	123	12	market	market	NOUN
arjefm-1159	123	13	in	in	ADP
arjefm-1159	123	14	order	order	NOUN
arjefm-1159	123	15	to	to	PART
arjefm-1159	123	16	make	make	VERB
arjefm-1159	123	17	wise	wise	ADJ
arjefm-1159	123	18	investment	investment	NOUN
arjefm-1159	123	19	choices	choice	NOUN
arjefm-1159	123	20	.	.	PUNCT
arjefm-1159	124	1	advantages	advantage	NOUN
arjefm-1159	124	2	and	and	CCONJ
arjefm-1159	124	3	drawbacks	drawback	NOUN
arjefm-1159	124	4	of	of	ADP
arjefm-1159	124	5	investing	invest	VERB
arjefm-1159	124	6	in	in	ADP
arjefm-1159	124	7	nigerian	nigerian	ADJ
arjefm-1159	124	8	stock	stock	NOUN
arjefm-1159	124	9	market	market	NOUN
arjefm-1159	124	10	among	among	ADP
arjefm-1159	124	11	the	the	DET
arjefm-1159	124	12	many	many	ADJ
arjefm-1159	124	13	advantages	advantage	NOUN
arjefm-1159	124	14	of	of	ADP
arjefm-1159	124	15	investing	invest	VERB
arjefm-1159	124	16	in	in	ADP
arjefm-1159	124	17	the	the	DET
arjefm-1159	124	18	nigerian	nigerian	ADJ
arjefm-1159	124	19	stock	stock	NOUN
arjefm-1159	124	20	market	market	NOUN
arjefm-1159	124	21	are	be	AUX
arjefm-1159	124	22	the	the	DET
arjefm-1159	124	23	potential	potential	NOUN
arjefm-1159	124	24	for	for	ADP
arjefm-1159	124	25	capital	capital	NOUN
arjefm-1159	124	26	appreciation	appreciation	NOUN
arjefm-1159	124	27	and	and	CCONJ
arjefm-1159	124	28	dividend	dividend	NOUN
arjefm-1159	124	29	income	income	NOUN
arjefm-1159	124	30	generation	generation	NOUN
arjefm-1159	124	31	.	.	PUNCT
arjefm-1159	125	1	you	you	PRON
arjefm-1159	125	2	also	also	ADV
arjefm-1159	125	3	support	support	VERB
arjefm-1159	125	4	the	the	DET
arjefm-1159	125	5	nation	nation	NOUN
arjefm-1159	125	6	's	's	PART
arjefm-1159	125	7	economic	economic	ADJ
arjefm-1159	125	8	growth	growth	NOUN
arjefm-1159	125	9	by	by	ADP
arjefm-1159	125	10	purchasing	purchase	VERB
arjefm-1159	125	11	shares	share	NOUN
arjefm-1159	125	12	.	.	PUNCT
arjefm-1159	126	1	nevertheless	nevertheless	ADV
arjefm-1159	126	2	,	,	PUNCT
arjefm-1159	126	3	it	it	PRON
arjefm-1159	126	4	is	be	AUX
arjefm-1159	126	5	critical	critical	ADJ
arjefm-1159	126	6	to	to	PART
arjefm-1159	126	7	understand	understand	VERB
arjefm-1159	126	8	the	the	DET
arjefm-1159	126	9	hazards	hazard	NOUN
arjefm-1159	126	10	.	.	PUNCT
arjefm-1159	127	1	not	not	PART
arjefm-1159	127	2	all	all	DET
arjefm-1159	127	3	businesses	business	NOUN
arjefm-1159	127	4	may	may	AUX
arjefm-1159	127	5	perform	perform	VERB
arjefm-1159	127	6	as	as	ADV
arjefm-1159	127	7	anticipated	anticipate	VERB
arjefm-1159	127	8	,	,	PUNCT
arjefm-1159	127	9	and	and	CCONJ
arjefm-1159	127	10	market	market	NOUN
arjefm-1159	127	11	volatility	volatility	NOUN
arjefm-1159	127	12	can	can	AUX
arjefm-1159	127	13	lead	lead	VERB
arjefm-1159	127	14	to	to	ADP
arjefm-1159	127	15	losses	loss	NOUN
arjefm-1159	127	16	.	.	PUNCT
arjefm-1159	128	1	mitigating	mitigate	VERB
arjefm-1159	128	2	investment	investment	NOUN
arjefm-1159	128	3	risks	risk	NOUN
arjefm-1159	128	4	requires	require	VERB
arjefm-1159	128	5	a	a	DET
arjefm-1159	128	6	strategic	strategic	ADJ
arjefm-1159	128	7	approach	approach	NOUN
arjefm-1159	128	8	.	.	PUNCT
arjefm-1159	129	1	by	by	ADP
arjefm-1159	129	2	thoroughly	thoroughly	ADV
arjefm-1159	129	3	researching	research	VERB
arjefm-1159	129	4	companies	company	NOUN
arjefm-1159	129	5	,	,	PUNCT
arjefm-1159	129	6	diversifying	diversify	VERB
arjefm-1159	129	7	your	your	PRON
arjefm-1159	129	8	investments	investment	NOUN
arjefm-1159	129	9	,	,	PUNCT
arjefm-1159	129	10	staying	stay	VERB
arjefm-1159	129	11	updated	update	VERB
arjefm-1159	129	12	on	on	ADP
arjefm-1159	129	13	market	market	NOUN
arjefm-1159	129	14	news	news	NOUN
arjefm-1159	129	15	,	,	PUNCT
arjefm-1159	129	16	and	and	CCONJ
arjefm-1159	129	17	focusing	focus	VERB
arjefm-1159	129	18	on	on	ADP
arjefm-1159	129	19	long	long	ADJ
arjefm-1159	129	20	-	-	PUNCT
arjefm-1159	129	21	term	term	NOUN
arjefm-1159	129	22	growth	growth	NOUN
arjefm-1159	129	23	,	,	PUNCT
arjefm-1159	129	24	you	you	PRON
arjefm-1159	129	25	can	can	AUX
arjefm-1159	129	26	position	position	VERB
arjefm-1159	129	27	yourself	yourself	PRON
arjefm-1159	129	28	for	for	ADP
arjefm-1159	129	29	success	success	NOUN
arjefm-1159	129	30	.	.	PUNCT
arjefm-1159	130	1	do	do	AUX
arjefm-1159	130	2	not	not	PART
arjefm-1159	130	3	hesitate	hesitate	VERB
arjefm-1159	130	4	to	to	PART
arjefm-1159	130	5	consult	consult	VERB
arjefm-1159	130	6	with	with	ADP
arjefm-1159	130	7	financial	financial	ADJ
arjefm-1159	130	8	experts	expert	NOUN
arjefm-1159	130	9	for	for	ADP
arjefm-1159	130	10	additional	additional	ADJ
arjefm-1159	130	11	guidance	guidance	NOUN
arjefm-1159	130	12	(	(	PUNCT
arjefm-1159	130	13	https://crimsonoak.com.ng/understanding-the-nigerian-stock	https://crimsonoak.com.ng/understanding-the-nigerian-stock	NOUN
arjefm-1159	130	14	market	market	NOUN
arjefm-1159	130	15	)	)	PUNCT
arjefm-1159	130	16	.	.	PUNCT
arjefm-1159	131	1	gdp	gdp	NOUN
arjefm-1159	131	2	growth	growth	NOUN
arjefm-1159	131	3	rate	rate	NOUN
arjefm-1159	131	4	:	:	PUNCT
arjefm-1159	131	5	a	a	DET
arjefm-1159	131	6	measure	measure	NOUN
arjefm-1159	131	7	of	of	ADP
arjefm-1159	131	8	economic	economic	ADJ
arjefm-1159	131	9	growth	growth	NOUN
arjefm-1159	131	10	economic	economic	ADJ
arjefm-1159	131	11	growth	growth	NOUN
arjefm-1159	131	12	is	be	AUX
arjefm-1159	131	13	defined	define	VERB
arjefm-1159	131	14	as	as	ADP
arjefm-1159	131	15	a	a	DET
arjefm-1159	131	16	rise	rise	NOUN
arjefm-1159	131	17	in	in	ADP
arjefm-1159	131	18	the	the	DET
arjefm-1159	131	19	production	production	NOUN
arjefm-1159	131	20	of	of	ADP
arjefm-1159	131	21	goods	good	NOUN
arjefm-1159	131	22	and	and	CCONJ
arjefm-1159	131	23	services	service	NOUN
arjefm-1159	131	24	during	during	ADP
arjefm-1159	131	25	a	a	DET
arjefm-1159	131	26	specific	specific	ADJ
arjefm-1159	131	27	time	time	NOUN
arjefm-1159	131	28	period	period	NOUN
arjefm-1159	131	29	.	.	PUNCT
arjefm-1159	132	1	for	for	SCONJ
arjefm-1159	132	2	the	the	DET
arjefm-1159	132	3	measurement	measurement	NOUN
arjefm-1159	132	4	to	to	PART
arjefm-1159	132	5	be	be	AUX
arjefm-1159	132	6	accurate	accurate	ADJ
arjefm-1159	132	7	,	,	PUNCT
arjefm-1159	132	8	inflationary	inflationary	ADJ
arjefm-1159	132	9	effects	effect	NOUN
arjefm-1159	132	10	must	must	AUX
arjefm-1159	132	11	be	be	AUX
arjefm-1159	132	12	taken	take	VERB
arjefm-1159	132	13	into	into	ADP
arjefm-1159	132	14	consideration	consideration	NOUN
arjefm-1159	132	15	(	(	PUNCT
arjefm-1159	132	16	michael	michael	PROPN
arjefm-1159	132	17	&	&	CCONJ
arjefm-1159	132	18	rufaro	rufaro	NOUN
arjefm-1159	132	19	,	,	PUNCT
arjefm-1159	132	20	2020	2020	NUM
arjefm-1159	132	21	)	)	PUNCT
arjefm-1159	132	22	.	.	PUNCT
arjefm-1159	133	1	an	an	DET
arjefm-1159	133	2	increase	increase	NOUN
arjefm-1159	133	3	in	in	ADP
arjefm-1159	133	4	an	an	DET
arjefm-1159	133	5	economy	economy	NOUN
arjefm-1159	133	6	's	's	PART
arjefm-1159	133	7	capacity	capacity	NOUN
arjefm-1159	133	8	to	to	PART
arjefm-1159	133	9	produce	produce	VERB
arjefm-1159	133	10	goods	good	NOUN
arjefm-1159	133	11	and	and	CCONJ
arjefm-1159	133	12	services	service	NOUN
arjefm-1159	133	13	over	over	ADP
arjefm-1159	133	14	time	time	NOUN
arjefm-1159	133	15	is	be	AUX
arjefm-1159	133	16	a	a	DET
arjefm-1159	133	17	second	second	ADJ
arjefm-1159	133	18	definition	definition	NOUN
arjefm-1159	133	19	of	of	ADP
arjefm-1159	133	20	economic	economic	ADJ
arjefm-1159	133	21	growth	growth	NOUN
arjefm-1159	133	22	.	.	PUNCT
arjefm-1159	134	1	real	real	ADJ
arjefm-1159	134	2	terms	term	NOUN
arjefm-1159	134	3	,	,	PUNCT
arjefm-1159	134	4	which	which	PRON
arjefm-1159	134	5	are	be	AUX
arjefm-1159	134	6	inflated	inflate	VERB
arjefm-1159	134	7	and	and	CCONJ
arjefm-1159	134	8	adjusted	adjust	VERB
arjefm-1159	134	9	,	,	PUNCT
arjefm-1159	134	10	or	or	CCONJ
arjefm-1159	134	11	nominal	nominal	ADJ
arjefm-1159	134	12	terms	term	NOUN
arjefm-1159	134	13	can	can	AUX
arjefm-1159	134	14	be	be	AUX
arjefm-1159	134	15	used	use	VERB
arjefm-1159	134	16	to	to	PART
arjefm-1159	134	17	measure	measure	VERB
arjefm-1159	134	18	it	it	PRON
arjefm-1159	134	19	.	.	PUNCT
arjefm-1159	135	1	overall	overall	ADJ
arjefm-1159	135	2	economic	economic	ADJ
arjefm-1159	135	3	growth	growth	NOUN
arjefm-1159	135	4	is	be	AUX
arjefm-1159	135	5	generally	generally	ADV
arjefm-1159	135	6	measured	measure	VERB
arjefm-1159	135	7	using	use	VERB
arjefm-1159	135	8	the	the	DET
arjefm-1159	135	9	gross	gross	ADJ
arjefm-1159	135	10	national	national	ADJ
arjefm-1159	135	11	product	product	NOUN
arjefm-1159	135	12	(	(	PUNCT
arjefm-1159	135	13	gnp	gnp	PROPN
arjefm-1159	135	14	)	)	PUNCT
arjefm-1159	135	15	or	or	CCONJ
arjefm-1159	135	16	gross	gross	ADJ
arjefm-1159	135	17	domestic	domestic	ADJ
arjefm-1159	135	18	product	product	NOUN
arjefm-1159	135	19	(	(	PUNCT
arjefm-1159	135	20	gdp	gdp	NOUN
arjefm-1159	135	21	)	)	PUNCT
arjefm-1159	135	22	,	,	PUNCT
arjefm-1159	135	23	while	while	SCONJ
arjefm-1159	135	24	alternative	alternative	ADJ
arjefm-1159	135	25	metrics	metric	NOUN
arjefm-1159	135	26	are	be	AUX
arjefm-1159	135	27	occasionally	occasionally	ADV
arjefm-1159	135	28	used	use	VERB
arjefm-1159	135	29	(	(	PUNCT
arjefm-1159	135	30	abdullah	abdullah	PROPN
arjefm-1159	135	31	,	,	PUNCT
arjefm-1159	135	32	et	et	PROPN
arjefm-1159	135	33	al	al	PROPN
arjefm-1159	135	34	.	.	PROPN
arjefm-1159	135	35	,	,	PUNCT
arjefm-1159	135	36	2022	2022	NUM
arjefm-1159	135	37	)	)	PUNCT
arjefm-1159	135	38	.	.	PUNCT
arjefm-1159	136	1	a	a	DET
arjefm-1159	136	2	rise	rise	NOUN
arjefm-1159	136	3	in	in	ADP
arjefm-1159	136	4	total	total	ADJ
arjefm-1159	136	5	productivity	productivity	NOUN
arjefm-1159	136	6	is	be	AUX
arjefm-1159	136	7	all	all	PRON
arjefm-1159	136	8	that	that	PRON
arjefm-1159	136	9	constitutes	constitute	VERB
arjefm-1159	136	10	economic	economic	ADJ
arjefm-1159	136	11	growth	growth	NOUN
arjefm-1159	136	12	.	.	PUNCT
arjefm-1159	137	1	higher	high	ADJ
arjefm-1159	137	2	average	average	ADJ
arjefm-1159	137	3	marginal	marginal	ADJ
arjefm-1159	137	4	productivity	productivity	NOUN
arjefm-1159	137	5	is	be	AUX
arjefm-1159	137	6	often	often	ADV
arjefm-1159	137	7	,	,	PUNCT
arjefm-1159	137	8	but	but	CCONJ
arjefm-1159	137	9	not	not	PART
arjefm-1159	137	10	always	always	ADV
arjefm-1159	137	11	,	,	PUNCT
arjefm-1159	137	12	correlated	correlate	VERB
arjefm-1159	137	13	with	with	ADP
arjefm-1159	137	14	increases	increase	NOUN
arjefm-1159	137	15	in	in	ADP
arjefm-1159	137	16	overall	overall	ADJ
arjefm-1159	137	17	production	production	NOUN
arjefm-1159	137	18	.	.	PUNCT
arjefm-1159	138	1	this	this	PRON
arjefm-1159	138	2	suggests	suggest	VERB
arjefm-1159	138	3	that	that	SCONJ
arjefm-1159	138	4	,	,	PUNCT
arjefm-1159	138	5	on	on	ADP
arjefm-1159	138	6	average	average	ADJ
arjefm-1159	138	7	,	,	PUNCT
arjefm-1159	138	8	the	the	DET
arjefm-1159	138	9	average	average	ADJ
arjefm-1159	138	10	worker	worker	NOUN
arjefm-1159	138	11	in	in	ADP
arjefm-1159	138	12	a	a	DET
arjefm-1159	138	13	given	give	VERB
arjefm-1159	138	14	economy	economy	NOUN
arjefm-1159	138	15	grows	grow	VERB
arjefm-1159	138	16	more	more	ADV
arjefm-1159	138	17	productive	productive	ADJ
arjefm-1159	138	18	.	.	PUNCT
arjefm-1159	139	1	the	the	DET
arjefm-1159	139	2	gross	gross	ADJ
arjefm-1159	139	3	domestic	domestic	ADJ
arjefm-1159	139	4	product	product	NOUN
arjefm-1159	139	5	seems	seem	VERB
arjefm-1159	139	6	the	the	DET
arjefm-1159	139	7	best	good	ADJ
arjefm-1159	139	8	measure	measure	NOUN
arjefm-1159	139	9	of	of	ADP
arjefm-1159	139	10	economic	economic	ADJ
arjefm-1159	139	11	growth	growth	NOUN
arjefm-1159	139	12	.	.	PUNCT
arjefm-1159	140	1	this	this	PRON
arjefm-1159	140	2	is	be	AUX
arjefm-1159	140	3	because	because	SCONJ
arjefm-1159	140	4	it	it	PRON
arjefm-1159	140	5	is	be	AUX
arjefm-1159	140	6	responsible	responsible	ADJ
arjefm-1159	140	7	for	for	ADP
arjefm-1159	140	8	the	the	DET
arjefm-1159	140	9	economic	economic	ADJ
arjefm-1159	140	10	output	output	NOUN
arjefm-1159	140	11	of	of	ADP
arjefm-1159	140	12	the	the	DET
arjefm-1159	140	13	entire	entire	ADJ
arjefm-1159	140	14	country	country	NOUN
arjefm-1159	140	15	.	.	PUNCT
arjefm-1159	141	1	it	it	PRON
arjefm-1159	141	2	includes	include	VERB
arjefm-1159	141	3	all	all	DET
arjefm-1159	141	4	goods	good	NOUN
arjefm-1159	141	5	and	and	CCONJ
arjefm-1159	141	6	services	service	NOUN
arjefm-1159	141	7	produced	produce	VERB
arjefm-1159	141	8	for	for	ADP
arjefm-1159	141	9	export	export	NOUN
arjefm-1159	141	10	by	by	ADP
arjefm-1159	141	11	domestic	domestic	ADJ
arjefm-1159	141	12	businesses	business	NOUN
arjefm-1159	141	13	.	.	PUNCT
arjefm-1159	142	1	whether	whether	SCONJ
arjefm-1159	142	2	they	they	PRON
arjefm-1159	142	3	are	be	AUX
arjefm-1159	142	4	sold	sell	VERB
arjefm-1159	142	5	domestically	domestically	ADV
arjefm-1159	142	6	or	or	CCONJ
arjefm-1159	142	7	elsewhere	elsewhere	ADV
arjefm-1159	142	8	has	have	VERB
arjefm-1159	142	9	no	no	DET
arjefm-1159	142	10	bearing	bearing	NOUN
arjefm-1159	142	11	.	.	PUNCT
arjefm-1159	143	1	gdp	gdp	NOUN
arjefm-1159	143	2	is	be	AUX
arjefm-1159	143	3	a	a	DET
arjefm-1159	143	4	way	way	NOUN
arjefm-1159	143	5	to	to	PART
arjefm-1159	143	6	quantify	quantify	VERB
arjefm-1159	143	7	output	output	NOUN
arjefm-1159	143	8	.	.	PUNCT
arjefm-1159	144	1	it	it	PRON
arjefm-1159	144	2	does	do	AUX
arjefm-1159	144	3	n't	not	PART
arjefm-1159	144	4	include	include	VERB
arjefm-1159	144	5	the	the	DET
arjefm-1159	144	6	parts	part	NOUN
arjefm-1159	144	7	made	make	VERB
arjefm-1159	144	8	to	to	PART
arjefm-1159	144	9	make	make	VERB
arjefm-1159	144	10	a	a	DET
arjefm-1159	144	11	product	product	NOUN
arjefm-1159	144	12	.	.	PUNCT
arjefm-1159	145	1	exports	export	NOUN
arjefm-1159	145	2	are	be	AUX
arjefm-1159	145	3	included	include	VERB
arjefm-1159	145	4	as	as	SCONJ
arjefm-1159	145	5	they	they	PRON
arjefm-1159	145	6	are	be	AUX
arjefm-1159	145	7	produced	produce	VERB
arjefm-1159	145	8	domestically	domestically	ADV
arjefm-1159	145	9	.	.	PUNCT
arjefm-1159	146	1	imports	import	NOUN
arjefm-1159	146	2	are	be	AUX
arjefm-1159	146	3	factored	factor	VERB
arjefm-1159	146	4	into	into	ADP
arjefm-1159	146	5	economic	economic	ADJ
arjefm-1159	146	6	growth	growth	NOUN
arjefm-1159	146	7	.	.	PUNCT
arjefm-1159	147	1	most	most	ADJ
arjefm-1159	147	2	countries	country	NOUN
arjefm-1159	147	3	evaluate	evaluate	VERB
arjefm-1159	147	4	economic	economic	ADJ
arjefm-1159	147	5	growth	growth	NOUN
arjefm-1159	147	6	every	every	DET
arjefm-1159	147	7	three	three	NUM
arjefm-1159	147	8	months	month	NOUN
arjefm-1159	147	9	.	.	PUNCT
arjefm-1159	148	1	the	the	DET
arjefm-1159	148	2	most	most	ADV
arjefm-1159	148	3	accurate	accurate	ADJ
arjefm-1159	148	4	measure	measure	NOUN
arjefm-1159	148	5	of	of	ADP
arjefm-1159	148	6	growth	growth	NOUN
arjefm-1159	148	7	is	be	AUX
arjefm-1159	148	8	real	real	ADJ
arjefm-1159	148	9	gdp	gdp	NOUN
arjefm-1159	148	10	.	.	PUNCT
arjefm-1159	149	1	it	it	PRON
arjefm-1159	149	2	gets	get	VERB
arjefm-1159	149	3	rid	rid	VERB
arjefm-1159	149	4	of	of	ADP
arjefm-1159	149	5	the	the	DET
arjefm-1159	149	6	effects	effect	NOUN
arjefm-1159	149	7	of	of	ADP
arjefm-1159	149	8	inflation	inflation	NOUN
arjefm-1159	149	9	.	.	PUNCT
arjefm-1159	150	1	the	the	DET
arjefm-1159	150	2	gdp	gdp	NOUN
arjefm-1159	150	3	growth	growth	NOUN
arjefm-1159	150	4	rate	rate	NOUN
arjefm-1159	150	5	is	be	AUX
arjefm-1159	150	6	determined	determine	VERB
arjefm-1159	150	7	using	use	VERB
arjefm-1159	150	8	real	real	ADJ
arjefm-1159	150	9	gdp	gdp	NOUN
arjefm-1159	150	10	(	(	PUNCT
arjefm-1159	150	11	karen	karen	PROPN
arjefm-1159	150	12	&	&	CCONJ
arjefm-1159	150	13	louise	louise	PROPN
arjefm-1159	150	14	,	,	PUNCT
arjefm-1159	150	15	2018	2018	NUM
arjefm-1159	150	16	)	)	PUNCT
arjefm-1159	150	17	.	.	PUNCT
arjefm-1159	151	1	the	the	DET
arjefm-1159	151	2	percentage	percentage	NOUN
arjefm-1159	151	3	rise	rise	NOUN
arjefm-1159	151	4	in	in	ADP
arjefm-1159	151	5	a	a	DET
arjefm-1159	151	6	nation	nation	NOUN
arjefm-1159	151	7	's	's	PART
arjefm-1159	151	8	gross	gross	ADJ
arjefm-1159	151	9	domestic	domestic	ADJ
arjefm-1159	151	10	product	product	NOUN
arjefm-1159	151	11	(	(	PUNCT
arjefm-1159	151	12	gdp	gdp	NOUN
arjefm-1159	151	13	)	)	PUNCT
arjefm-1159	151	14	over	over	ADP
arjefm-1159	151	15	a	a	DET
arjefm-1159	151	16	given	give	VERB
arjefm-1159	151	17	time	time	NOUN
arjefm-1159	151	18	period	period	NOUN
arjefm-1159	151	19	is	be	AUX
arjefm-1159	151	20	known	know	VERB
arjefm-1159	151	21	as	as	ADP
arjefm-1159	151	22	the	the	DET
arjefm-1159	151	23	gdp	gdp	NOUN
arjefm-1159	151	24	growth	growth	NOUN
arjefm-1159	151	25	rate	rate	NOUN
arjefm-1159	151	26	(	(	PUNCT
arjefm-1159	151	27	gdpgr	gdpgr	PROPN
arjefm-1159	151	28	)	)	PUNCT
arjefm-1159	151	29	,	,	PUNCT
arjefm-1159	151	30	and	and	CCONJ
arjefm-1159	151	31	it	it	PRON
arjefm-1159	151	32	is	be	AUX
arjefm-1159	151	33	often	often	ADV
arjefm-1159	151	34	calculated	calculate	VERB
arjefm-1159	151	35	on	on	ADP
arjefm-1159	151	36	an	an	DET
arjefm-1159	151	37	annual	annual	ADJ
arjefm-1159	151	38	or	or	CCONJ
arjefm-1159	151	39	quarterly	quarterly	ADJ
arjefm-1159	151	40	basis	basis	NOUN
arjefm-1159	151	41	.	.	PUNCT
arjefm-1159	152	1	it	it	PRON
arjefm-1159	152	2	is	be	AUX
arjefm-1159	152	3	frequently	frequently	ADV
arjefm-1159	152	4	represented	represent	VERB
arjefm-1159	152	5	as	as	ADP
arjefm-1159	152	6	a	a	DET
arjefm-1159	152	7	percentage	percentage	NOUN
arjefm-1159	152	8	and	and	CCONJ
arjefm-1159	152	9	serves	serve	VERB
arjefm-1159	152	10	as	as	ADP
arjefm-1159	152	11	a	a	DET
arjefm-1159	152	12	gauge	gauge	NOUN
arjefm-1159	152	13	of	of	ADP
arjefm-1159	152	14	economic	economic	ADJ
arjefm-1159	152	15	growth	growth	NOUN
arjefm-1159	152	16	(	(	PUNCT
arjefm-1159	152	17	adepoju	adepoju	PROPN
arjefm-1159	152	18	,	,	PUNCT
arjefm-1159	152	19	2017	2017	NUM
arjefm-1159	152	20	)	)	PUNCT
arjefm-1159	152	21	.	.	PUNCT
arjefm-1159	153	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	154	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	155	1	american	american	PROPN
arjefm-1159	155	2	research	research	PROPN
arjefm-1159	155	3	journal	journal	PROPN
arjefm-1159	155	4	of	of	ADP
arjefm-1159	155	5	economics	economic	NOUN
arjefm-1159	155	6	,	,	PUNCT
arjefm-1159	155	7	finance	finance	NOUN
arjefm-1159	155	8	and	and	CCONJ
arjefm-1159	155	9	management	management	NOUN
arjefm-1159	155	10	volume	volume	NOUN
arjefm-1159	155	11	12	12	NUM
arjefm-1159	155	12	issue	issue	NOUN
arjefm-1159	155	13	3	3	NUM
arjefm-1159	155	14	,	,	PUNCT
arjefm-1159	155	15	july	july	PROPN
arjefm-1159	155	16	-	-	PUNCT
arjefm-1159	155	17	september	september	PROPN
arjefm-1159	155	18	2024	2024	NUM
arjefm-1159	155	19	issn	issn	NOUN
arjefm-1159	155	20	:	:	PUNCT
arjefm-1159	155	21	2836	2836	NUM
arjefm-1159	155	22	-	-	SYM
arjefm-1159	155	23	9416	9416	NUM
arjefm-1159	155	24	impact	impact	NOUN
arjefm-1159	155	25	factor	factor	NOUN
arjefm-1159	155	26	:	:	PUNCT
arjefm-1159	155	27	4.85	4.85	NUM
arjefm-1159	155	28	journal	journal	NOUN
arjefm-1159	155	29	homepage	homepage	NOUN
arjefm-1159	155	30	:	:	PUNCT
arjefm-1159	155	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	155	32	,	,	PUNCT
arjefm-1159	155	33	email	email	NOUN
arjefm-1159	155	34	:	:	PUNCT
arjefm-1159	155	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	155	36	official	official	ADJ
arjefm-1159	155	37	journal	journal	PROPN
arjefm-1159	155	38	of	of	ADP
arjefm-1159	155	39	america	america	PROPN
arjefm-1159	155	40	serial	serial	PROPN
arjefm-1159	155	41	publication	publication	NOUN
arjefm-1159	155	42	american	american	PROPN
arjefm-1159	155	43	research	research	PROPN
arjefm-1159	155	44	journal	journal	PROPN
arjefm-1159	155	45	of	of	ADP
arjefm-1159	155	46	economics	economic	NOUN
arjefm-1159	155	47	,	,	PUNCT
arjefm-1159	155	48	finance	finance	NOUN
arjefm-1159	155	49	and	and	CCONJ
arjefm-1159	155	50	management	management	NOUN
arjefm-1159	155	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	155	52	,	,	PUNCT
arjefm-1159	155	53	email	email	NOUN
arjefm-1159	155	54	:	:	PUNCT
arjefm-1159	155	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	155	56	114	114	NUM
arjefm-1159	156	1	|	|	ADV
arjefm-1159	156	2	p	p	X
arjefm-1159	156	3	a	a	DET
arjefm-1159	156	4	g	g	NOUN
arjefm-1159	156	5	e	e	NOUN
arjefm-1159	156	6	over	over	ADP
arjefm-1159	156	7	time	time	NOUN
arjefm-1159	156	8	,	,	PUNCT
arjefm-1159	156	9	nigeria	nigeria	PROPN
arjefm-1159	156	10	's	's	PART
arjefm-1159	156	11	gdp	gdp	NOUN
arjefm-1159	156	12	growth	growth	NOUN
arjefm-1159	156	13	rate	rate	NOUN
arjefm-1159	156	14	has	have	AUX
arjefm-1159	156	15	fluctuated	fluctuate	VERB
arjefm-1159	156	16	.	.	PUNCT
arjefm-1159	157	1	nigeria	nigeria	PROPN
arjefm-1159	157	2	's	's	PART
arjefm-1159	157	3	economy	economy	NOUN
arjefm-1159	157	4	fell	fall	VERB
arjefm-1159	157	5	in	in	ADP
arjefm-1159	157	6	2020	2020	NUM
arjefm-1159	157	7	as	as	ADP
arjefm-1159	157	8	a	a	DET
arjefm-1159	157	9	result	result	NOUN
arjefm-1159	157	10	of	of	ADP
arjefm-1159	157	11	the	the	DET
arjefm-1159	157	12	covid-19	covid-19	PROPN
arjefm-1159	157	13	outbreak	outbreak	NOUN
arjefm-1159	157	14	and	and	CCONJ
arjefm-1159	157	15	diminishing	diminish	VERB
arjefm-1159	157	16	oil	oil	NOUN
arjefm-1159	157	17	prices	price	NOUN
arjefm-1159	157	18	.	.	PUNCT
arjefm-1159	158	1	that	that	DET
arjefm-1159	158	2	year	year	NOUN
arjefm-1159	158	3	,	,	PUNCT
arjefm-1159	158	4	the	the	DET
arjefm-1159	158	5	gdp	gdp	NOUN
arjefm-1159	158	6	grew	grow	VERB
arjefm-1159	158	7	at	at	ADP
arjefm-1159	158	8	a	a	DET
arjefm-1159	158	9	rate	rate	NOUN
arjefm-1159	158	10	of	of	ADP
arjefm-1159	158	11	-1.92	-1.92	NOUN
arjefm-1159	158	12	%	%	NOUN
arjefm-1159	158	13	.	.	PUNCT
arjefm-1159	159	1	it	it	PRON
arjefm-1159	159	2	was	be	AUX
arjefm-1159	159	3	predicted	predict	VERB
arjefm-1159	159	4	that	that	SCONJ
arjefm-1159	159	5	nigeria	nigeria	PROPN
arjefm-1159	159	6	's	's	PART
arjefm-1159	159	7	real	real	ADJ
arjefm-1159	159	8	gdp	gdp	NOUN
arjefm-1159	159	9	growth	growth	NOUN
arjefm-1159	159	10	will	will	AUX
arjefm-1159	159	11	slow	slow	VERB
arjefm-1159	159	12	by	by	ADP
arjefm-1159	159	13	a	a	DET
arjefm-1159	159	14	total	total	NOUN
arjefm-1159	159	15	of	of	ADP
arjefm-1159	159	16	0.2	0.2	NUM
arjefm-1159	159	17	%	%	NOUN
arjefm-1159	159	18	points	point	NOUN
arjefm-1159	159	19	between	between	ADP
arjefm-1159	159	20	2023	2023	NUM
arjefm-1159	159	21	and	and	CCONJ
arjefm-1159	159	22	2028	2028	NUM
arjefm-1159	159	23	.	.	PUNCT
arjefm-1159	160	1	according	accord	VERB
arjefm-1159	160	2	to	to	ADP
arjefm-1159	160	3	the	the	DET
arjefm-1159	160	4	second	second	ADJ
arjefm-1159	160	5	estimate	estimate	NOUN
arjefm-1159	160	6	,	,	PUNCT
arjefm-1159	160	7	real	real	ADJ
arjefm-1159	160	8	gdp	gdp	NOUN
arjefm-1159	160	9	grew	grow	VERB
arjefm-1159	160	10	at	at	ADP
arjefm-1159	160	11	an	an	DET
arjefm-1159	160	12	annual	annual	ADJ
arjefm-1159	160	13	rate	rate	NOUN
arjefm-1159	160	14	of	of	ADP
arjefm-1159	160	15	1.3	1.3	NUM
arjefm-1159	160	16	%	%	NOUN
arjefm-1159	160	17	in	in	ADP
arjefm-1159	160	18	the	the	DET
arjefm-1159	160	19	first	first	ADJ
arjefm-1159	160	20	quarter	quarter	NOUN
arjefm-1159	160	21	of	of	ADP
arjefm-1159	160	22	2024	2024	NUM
arjefm-1159	160	23	.	.	PUNCT
arjefm-1159	161	1	the	the	DET
arjefm-1159	161	2	real	real	ADJ
arjefm-1159	161	3	gdp	gdp	NOUN
arjefm-1159	161	4	grew	grow	VERB
arjefm-1159	161	5	by	by	ADP
arjefm-1159	161	6	3.4	3.4	NUM
arjefm-1159	161	7	%	%	NOUN
arjefm-1159	161	8	in	in	ADP
arjefm-1159	161	9	the	the	DET
arjefm-1159	161	10	fourth	fourth	ADJ
arjefm-1159	161	11	quarter	quarter	NOUN
arjefm-1159	161	12	of	of	ADP
arjefm-1159	161	13	2023	2023	NUM
arjefm-1159	161	14	.	.	PUNCT
arjefm-1159	162	1	infrastructure	infrastructure	NOUN
arjefm-1159	162	2	development	development	NOUN
arjefm-1159	162	3	,	,	PUNCT
arjefm-1159	162	4	human	human	ADJ
arjefm-1159	162	5	capital	capital	NOUN
arjefm-1159	162	6	development	development	NOUN
arjefm-1159	162	7	,	,	PUNCT
arjefm-1159	162	8	financial	financial	ADJ
arjefm-1159	162	9	development	development	NOUN
arjefm-1159	162	10	,	,	PUNCT
arjefm-1159	162	11	political	political	ADJ
arjefm-1159	162	12	stability	stability	NOUN
arjefm-1159	162	13	,	,	PUNCT
arjefm-1159	162	14	and	and	CCONJ
arjefm-1159	162	15	the	the	DET
arjefm-1159	162	16	effects	effect	NOUN
arjefm-1159	162	17	of	of	ADP
arjefm-1159	162	18	terrorism	terrorism	NOUN
arjefm-1159	162	19	are	be	AUX
arjefm-1159	162	20	some	some	PRON
arjefm-1159	162	21	of	of	ADP
arjefm-1159	162	22	the	the	DET
arjefm-1159	162	23	factors	factor	NOUN
arjefm-1159	162	24	thought	think	VERB
arjefm-1159	162	25	to	to	PART
arjefm-1159	162	26	have	have	VERB
arjefm-1159	162	27	an	an	DET
arjefm-1159	162	28	impact	impact	NOUN
arjefm-1159	162	29	on	on	ADP
arjefm-1159	162	30	nigeria	nigeria	PROPN
arjefm-1159	162	31	's	's	PART
arjefm-1159	162	32	economic	economic	ADJ
arjefm-1159	162	33	growth	growth	NOUN
arjefm-1159	162	34	and	and	CCONJ
arjefm-1159	162	35	development	development	NOUN
arjefm-1159	162	36	.	.	PUNCT
arjefm-1159	163	1	there	there	PRON
arjefm-1159	163	2	are	be	VERB
arjefm-1159	163	3	not	not	PART
arjefm-1159	163	4	many	many	ADJ
arjefm-1159	163	5	ways	way	NOUN
arjefm-1159	163	6	to	to	PART
arjefm-1159	163	7	boost	boost	VERB
arjefm-1159	163	8	the	the	DET
arjefm-1159	163	9	economy	economy	NOUN
arjefm-1159	163	10	.	.	PUNCT
arjefm-1159	164	1	the	the	DET
arjefm-1159	164	2	first	first	ADJ
arjefm-1159	164	3	is	be	AUX
arjefm-1159	164	4	the	the	DET
arjefm-1159	164	5	discovery	discovery	NOUN
arjefm-1159	164	6	of	of	ADP
arjefm-1159	164	7	new	new	ADJ
arjefm-1159	164	8	or	or	CCONJ
arjefm-1159	164	9	better	well	ADJ
arjefm-1159	164	10	financial	financial	ADJ
arjefm-1159	164	11	resources	resource	NOUN
arjefm-1159	164	12	.	.	PUNCT
arjefm-1159	165	1	for	for	ADP
arjefm-1159	165	2	instance	instance	NOUN
arjefm-1159	165	3	,	,	PUNCT
arjefm-1159	165	4	petroleum	petroleum	NOUN
arjefm-1159	165	5	had	have	VERB
arjefm-1159	165	6	a	a	DET
arjefm-1159	165	7	limited	limited	ADJ
arjefm-1159	165	8	economic	economic	ADJ
arjefm-1159	165	9	value	value	NOUN
arjefm-1159	165	10	prior	prior	ADV
arjefm-1159	165	11	to	to	ADP
arjefm-1159	165	12	the	the	DET
arjefm-1159	165	13	discovery	discovery	NOUN
arjefm-1159	165	14	that	that	PRON
arjefm-1159	165	15	gasoline	gasoline	NOUN
arjefm-1159	165	16	could	could	AUX
arjefm-1159	165	17	provide	provide	VERB
arjefm-1159	165	18	energy	energy	NOUN
arjefm-1159	165	19	.	.	PUNCT
arjefm-1159	166	1	fuel	fuel	NOUN
arjefm-1159	166	2	became	become	VERB
arjefm-1159	166	3	a	a	DET
arjefm-1159	166	4	better	well	ADJ
arjefm-1159	166	5	and	and	CCONJ
arjefm-1159	166	6	more	more	ADV
arjefm-1159	166	7	valuable	valuable	ADJ
arjefm-1159	166	8	economic	economic	ADJ
arjefm-1159	166	9	resource	resource	NOUN
arjefm-1159	166	10	as	as	ADP
arjefm-1159	166	11	a	a	DET
arjefm-1159	166	12	result	result	NOUN
arjefm-1159	166	13	of	of	ADP
arjefm-1159	166	14	this	this	DET
arjefm-1159	166	15	finding	finding	NOUN
arjefm-1159	166	16	(	(	PUNCT
arjefm-1159	166	17	abdullah	abdullah	PROPN
arjefm-1159	166	18	,	,	PUNCT
arjefm-1159	166	19	et	et	PROPN
arjefm-1159	166	20	al	al	PROPN
arjefm-1159	166	21	.	.	PROPN
arjefm-1159	166	22	,	,	PUNCT
arjefm-1159	166	23	2022	2022	NUM
arjefm-1159	166	24	)	)	PUNCT
arjefm-1159	166	25	.	.	PUNCT
arjefm-1159	167	1	eventually	eventually	ADV
arjefm-1159	167	2	,	,	PUNCT
arjefm-1159	167	3	trust	trust	NOUN
arjefm-1159	167	4	in	in	ADP
arjefm-1159	167	5	economic	economic	ADJ
arjefm-1159	167	6	expansion	expansion	NOUN
arjefm-1159	167	7	declines	decline	VERB
arjefm-1159	167	8	.	.	PUNCT
arjefm-1159	168	1	when	when	SCONJ
arjefm-1159	168	2	people	people	NOUN
arjefm-1159	168	3	sell	sell	VERB
arjefm-1159	168	4	more	more	ADJ
arjefm-1159	168	5	than	than	SCONJ
arjefm-1159	168	6	they	they	PRON
arjefm-1159	168	7	purchase	purchase	VERB
arjefm-1159	168	8	,	,	PUNCT
arjefm-1159	168	9	the	the	DET
arjefm-1159	168	10	economy	economy	NOUN
arjefm-1159	168	11	contracts	contract	NOUN
arjefm-1159	168	12	.	.	PUNCT
arjefm-1159	169	1	that	that	DET
arjefm-1159	169	2	phase	phase	NOUN
arjefm-1159	169	3	of	of	ADP
arjefm-1159	169	4	the	the	DET
arjefm-1159	169	5	business	business	NOUN
arjefm-1159	169	6	cycle	cycle	NOUN
arjefm-1159	169	7	becomes	become	VERB
arjefm-1159	169	8	a	a	DET
arjefm-1159	169	9	recession	recession	NOUN
arjefm-1159	169	10	if	if	SCONJ
arjefm-1159	169	11	it	it	PRON
arjefm-1159	169	12	continues	continue	VERB
arjefm-1159	169	13	.	.	PUNCT
arjefm-1159	170	1	an	an	DET
arjefm-1159	170	2	economic	economic	ADJ
arjefm-1159	170	3	depression	depression	NOUN
arjefm-1159	170	4	is	be	AUX
arjefm-1159	170	5	defined	define	VERB
arjefm-1159	170	6	as	as	ADP
arjefm-1159	170	7	a	a	DET
arjefm-1159	170	8	recession	recession	NOUN
arjefm-1159	170	9	lasting	last	VERB
arjefm-1159	170	10	ten	ten	NUM
arjefm-1159	170	11	years	year	NOUN
arjefm-1159	170	12	or	or	CCONJ
arjefm-1159	170	13	more	more	ADJ
arjefm-1159	170	14	.	.	PUNCT
arjefm-1159	171	1	this	this	PRON
arjefm-1159	171	2	only	only	ADV
arjefm-1159	171	3	happened	happen	VERB
arjefm-1159	171	4	once	once	ADV
arjefm-1159	171	5	,	,	PUNCT
arjefm-1159	171	6	during	during	ADP
arjefm-1159	171	7	the	the	DET
arjefm-1159	171	8	great	great	ADJ
arjefm-1159	171	9	depression	depression	NOUN
arjefm-1159	171	10	in	in	ADP
arjefm-1159	171	11	1929	1929	NUM
arjefm-1159	171	12	(	(	PUNCT
arjefm-1159	171	13	kimberly	kimberly	ADV
arjefm-1159	171	14	,	,	PUNCT
arjefm-1159	171	15	2018	2018	NUM
arjefm-1159	171	16	)	)	PUNCT
arjefm-1159	171	17	.	.	PUNCT
arjefm-1159	172	1	gdp	gdp	NOUN
arjefm-1159	172	2	serves	serve	VERB
arjefm-1159	172	3	as	as	ADP
arjefm-1159	172	4	a	a	DET
arjefm-1159	172	5	stand	stand	NOUN
arjefm-1159	172	6	-	-	PUNCT
arjefm-1159	172	7	in	in	NOUN
arjefm-1159	172	8	for	for	ADP
arjefm-1159	172	9	economic	economic	ADJ
arjefm-1159	172	10	growth	growth	NOUN
arjefm-1159	172	11	in	in	ADP
arjefm-1159	172	12	the	the	DET
arjefm-1159	172	13	purpose	purpose	NOUN
arjefm-1159	172	14	of	of	ADP
arjefm-1159	172	15	our	our	PRON
arjefm-1159	172	16	investigation	investigation	NOUN
arjefm-1159	172	17	.	.	PUNCT
arjefm-1159	173	1	conceptual	conceptual	ADJ
arjefm-1159	173	2	framework	framework	NOUN
arjefm-1159	173	3	capital	capital	NOUN
arjefm-1159	173	4	market	market	NOUN
arjefm-1159	173	5	development	development	NOUN
arjefm-1159	173	6	economic	economic	ADJ
arjefm-1159	173	7	growth	growth	NOUN
arjefm-1159	173	8	(	(	PUNCT
arjefm-1159	173	9	independent	independent	ADJ
arjefm-1159	173	10	variable	variable	NOUN
arjefm-1159	173	11	)	)	PUNCT
arjefm-1159	173	12	(	(	PUNCT
arjefm-1159	173	13	dependent	dependent	ADJ
arjefm-1159	173	14	variable	variable	NOUN
arjefm-1159	173	15	)	)	PUNCT
arjefm-1159	173	16	fig	fig	NOUN
arjefm-1159	173	17	.	.	PUNCT
arjefm-1159	174	1	1	1	NUM
arjefm-1159	174	2	:	:	PUNCT
arjefm-1159	174	3	interplay	interplay	NOUN
arjefm-1159	174	4	of	of	ADP
arjefm-1159	174	5	market	market	NOUN
arjefm-1159	174	6	capitalization	capitalization	NOUN
arjefm-1159	174	7	,	,	PUNCT
arjefm-1159	174	8	all	all	DET
arjefm-1159	174	9	-	-	PUNCT
arjefm-1159	174	10	share	share	NOUN
arjefm-1159	174	11	index	index	NOUN
arjefm-1159	174	12	versus	versus	ADP
arjefm-1159	174	13	gdp	gdp	NOUN
arjefm-1159	174	14	growth	growth	PROPN
arjefm-1159	174	15	rate	rate	NOUN
arjefm-1159	174	16	source	source	NOUN
arjefm-1159	174	17	:	:	PUNCT
arjefm-1159	174	18	author	author	NOUN
arjefm-1159	174	19	’s	’s	PART
arjefm-1159	174	20	design	design	NOUN
arjefm-1159	174	21	(	(	PUNCT
arjefm-1159	174	22	2024	2024	NUM
arjefm-1159	174	23	)	)	PUNCT
arjefm-1159	174	24	this	this	DET
arjefm-1159	174	25	conceptual	conceptual	ADJ
arjefm-1159	174	26	framework	framework	NOUN
arjefm-1159	174	27	could	could	AUX
arjefm-1159	174	28	provide	provide	VERB
arjefm-1159	174	29	a	a	DET
arjefm-1159	174	30	structured	structured	ADJ
arjefm-1159	174	31	approach	approach	NOUN
arjefm-1159	174	32	to	to	ADP
arjefm-1159	174	33	analyzing	analyze	VERB
arjefm-1159	174	34	the	the	DET
arjefm-1159	174	35	effect	effect	NOUN
arjefm-1159	174	36	of	of	ADP
arjefm-1159	174	37	capital	capital	NOUN
arjefm-1159	174	38	market	market	NOUN
arjefm-1159	174	39	development	development	NOUN
arjefm-1159	174	40	on	on	ADP
arjefm-1159	174	41	economic	economic	ADJ
arjefm-1159	174	42	growth	growth	NOUN
arjefm-1159	174	43	in	in	ADP
arjefm-1159	174	44	nigeria	nigeria	PROPN
arjefm-1159	174	45	.	.	PUNCT
arjefm-1159	175	1	by	by	ADP
arjefm-1159	175	2	examining	examine	VERB
arjefm-1159	175	3	the	the	DET
arjefm-1159	175	4	relationships	relationship	NOUN
arjefm-1159	175	5	between	between	ADP
arjefm-1159	175	6	these	these	DET
arjefm-1159	175	7	variables	variable	NOUN
arjefm-1159	175	8	,	,	PUNCT
arjefm-1159	175	9	the	the	DET
arjefm-1159	175	10	study	study	NOUN
arjefm-1159	175	11	can	can	AUX
arjefm-1159	175	12	contribute	contribute	VERB
arjefm-1159	175	13	to	to	ADP
arjefm-1159	175	14	a	a	DET
arjefm-1159	175	15	better	well	ADJ
arjefm-1159	175	16	understanding	understanding	NOUN
arjefm-1159	175	17	of	of	ADP
arjefm-1159	175	18	the	the	DET
arjefm-1159	175	19	factors	factor	NOUN
arjefm-1159	175	20	that	that	PRON
arjefm-1159	175	21	drive	drive	VERB
arjefm-1159	175	22	economic	economic	ADJ
arjefm-1159	175	23	growth	growth	NOUN
arjefm-1159	175	24	and	and	CCONJ
arjefm-1159	175	25	the	the	DET
arjefm-1159	175	26	role	role	NOUN
arjefm-1159	175	27	that	that	PRON
arjefm-1159	175	28	capital	capital	NOUN
arjefm-1159	175	29	markets	market	NOUN
arjefm-1159	175	30	play	play	VERB
arjefm-1159	175	31	in	in	ADP
arjefm-1159	175	32	this	this	DET
arjefm-1159	175	33	process	process	NOUN
arjefm-1159	175	34	.	.	PUNCT
arjefm-1159	176	1	a	a	DET
arjefm-1159	176	2	thriving	thrive	VERB
arjefm-1159	176	3	stock	stock	NOUN
arjefm-1159	176	4	market	market	NOUN
arjefm-1159	176	5	,	,	PUNCT
arjefm-1159	176	6	characterized	characterize	VERB
arjefm-1159	176	7	by	by	ADP
arjefm-1159	176	8	a	a	DET
arjefm-1159	176	9	larger	large	ADJ
arjefm-1159	176	10	market	market	NOUN
arjefm-1159	176	11	capitalization	capitalization	NOUN
arjefm-1159	176	12	and	and	CCONJ
arjefm-1159	176	13	a	a	DET
arjefm-1159	176	14	rising	rise	VERB
arjefm-1159	176	15	all	all	PRON
arjefm-1159	176	16	-	-	PUNCT
arjefm-1159	176	17	share	share	NOUN
arjefm-1159	176	18	index	index	NOUN
arjefm-1159	176	19	,	,	PUNCT
arjefm-1159	176	20	can	can	AUX
arjefm-1159	176	21	fuel	fuel	VERB
arjefm-1159	176	22	economic	economic	ADJ
arjefm-1159	176	23	growth	growth	NOUN
arjefm-1159	176	24	.	.	PUNCT
arjefm-1159	177	1	a	a	DET
arjefm-1159	177	2	robust	robust	ADJ
arjefm-1159	177	3	capital	capital	NOUN
arjefm-1159	177	4	market	market	NOUN
arjefm-1159	177	5	can	can	AUX
arjefm-1159	177	6	facilitate	facilitate	VERB
arjefm-1159	177	7	capital	capital	NOUN
arjefm-1159	177	8	allocation	allocation	NOUN
arjefm-1159	177	9	,	,	PUNCT
arjefm-1159	177	10	spur	spur	VERB
arjefm-1159	177	11	innovation	innovation	NOUN
arjefm-1159	177	12	,	,	PUNCT
arjefm-1159	177	13	and	and	CCONJ
arjefm-1159	177	14	improve	improve	VERB
arjefm-1159	177	15	corporate	corporate	ADJ
arjefm-1159	177	16	governance	governance	NOUN
arjefm-1159	177	17	,	,	PUNCT
arjefm-1159	177	18	all	all	PRON
arjefm-1159	177	19	of	of	ADP
arjefm-1159	177	20	which	which	PRON
arjefm-1159	177	21	contribute	contribute	VERB
arjefm-1159	177	22	to	to	ADP
arjefm-1159	177	23	economic	economic	ADJ
arjefm-1159	177	24	growth	growth	NOUN
arjefm-1159	177	25	.	.	PUNCT
arjefm-1159	178	1	additionally	additionally	ADV
arjefm-1159	178	2	,	,	PUNCT
arjefm-1159	178	3	a	a	DET
arjefm-1159	178	4	wellperforming	wellperforming	NOUN
arjefm-1159	178	5	stock	stock	NOUN
arjefm-1159	178	6	market	market	NOUN
arjefm-1159	178	7	can	can	AUX
arjefm-1159	178	8	attract	attract	VERB
arjefm-1159	178	9	foreign	foreign	ADJ
arjefm-1159	178	10	investment	investment	NOUN
arjefm-1159	178	11	,	,	PUNCT
arjefm-1159	178	12	boost	boost	VERB
arjefm-1159	178	13	consumer	consumer	NOUN
arjefm-1159	178	14	confidence	confidence	NOUN
arjefm-1159	178	15	,	,	PUNCT
arjefm-1159	178	16	and	and	CCONJ
arjefm-1159	178	17	encourage	encourage	VERB
arjefm-1159	178	18	domestic	domestic	ADJ
arjefm-1159	178	19	investment	investment	NOUN
arjefm-1159	178	20	.	.	PUNCT
arjefm-1159	179	1	while	while	SCONJ
arjefm-1159	179	2	these	these	DET
arjefm-1159	179	3	factors	factor	NOUN
arjefm-1159	179	4	are	be	AUX
arjefm-1159	179	5	interconnected	interconnect	VERB
arjefm-1159	179	6	,	,	PUNCT
arjefm-1159	179	7	it	it	PRON
arjefm-1159	179	8	is	be	AUX
arjefm-1159	179	9	important	important	ADJ
arjefm-1159	179	10	to	to	PART
arjefm-1159	179	11	recognize	recognize	VERB
arjefm-1159	179	12	that	that	SCONJ
arjefm-1159	179	13	other	other	ADJ
arjefm-1159	179	14	variables	variable	NOUN
arjefm-1159	179	15	,	,	PUNCT
arjefm-1159	179	16	such	such	ADJ
arjefm-1159	179	17	as	as	ADP
arjefm-1159	179	18	government	government	NOUN
arjefm-1159	179	19	policies	policy	NOUN
arjefm-1159	179	20	and	and	CCONJ
arjefm-1159	179	21	global	global	ADJ
arjefm-1159	179	22	economic	economic	ADJ
arjefm-1159	179	23	conditions	condition	NOUN
arjefm-1159	179	24	,	,	PUNCT
arjefm-1159	179	25	also	also	ADV
arjefm-1159	179	26	play	play	VERB
arjefm-1159	179	27	a	a	DET
arjefm-1159	179	28	significant	significant	ADJ
arjefm-1159	179	29	role	role	NOUN
arjefm-1159	179	30	in	in	ADP
arjefm-1159	179	31			ADJ
arjefm-1159	179	32	market	market	NOUN
arjefm-1159	179	33	capitalization	capitalization	NOUN
arjefm-1159	179	34			VERB
arjefm-1159	179	35	all	all	DET
arjefm-1159	179	36	-	-	PUNCT
arjefm-1159	179	37	share	share	NOUN
arjefm-1159	179	38	index	index	NOUN
arjefm-1159	179	39	gd	gd	PROPN
arjefm-1159	179	40	gdp	gdp	NOUN
arjefm-1159	179	41	growth	growth	NOUN
arjefm-1159	179	42	rate	rate	NOUN
arjefm-1159	179	43	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	179	44	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	180	1	american	american	PROPN
arjefm-1159	180	2	research	research	PROPN
arjefm-1159	180	3	journal	journal	PROPN
arjefm-1159	180	4	of	of	ADP
arjefm-1159	180	5	economics	economic	NOUN
arjefm-1159	180	6	,	,	PUNCT
arjefm-1159	180	7	finance	finance	NOUN
arjefm-1159	180	8	and	and	CCONJ
arjefm-1159	180	9	management	management	NOUN
arjefm-1159	180	10	volume	volume	NOUN
arjefm-1159	180	11	12	12	NUM
arjefm-1159	180	12	issue	issue	NOUN
arjefm-1159	180	13	3	3	NUM
arjefm-1159	180	14	,	,	PUNCT
arjefm-1159	180	15	july	july	PROPN
arjefm-1159	180	16	-	-	PUNCT
arjefm-1159	180	17	september	september	PROPN
arjefm-1159	180	18	2024	2024	NUM
arjefm-1159	180	19	issn	issn	NOUN
arjefm-1159	180	20	:	:	PUNCT
arjefm-1159	180	21	2836	2836	NUM
arjefm-1159	180	22	-	-	SYM
arjefm-1159	180	23	9416	9416	NUM
arjefm-1159	180	24	impact	impact	NOUN
arjefm-1159	180	25	factor	factor	NOUN
arjefm-1159	180	26	:	:	PUNCT
arjefm-1159	180	27	4.85	4.85	NUM
arjefm-1159	180	28	journal	journal	NOUN
arjefm-1159	180	29	homepage	homepage	NOUN
arjefm-1159	180	30	:	:	PUNCT
arjefm-1159	180	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	180	32	,	,	PUNCT
arjefm-1159	180	33	email	email	NOUN
arjefm-1159	180	34	:	:	PUNCT
arjefm-1159	180	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	180	36	official	official	ADJ
arjefm-1159	180	37	journal	journal	PROPN
arjefm-1159	180	38	of	of	ADP
arjefm-1159	180	39	america	america	PROPN
arjefm-1159	180	40	serial	serial	PROPN
arjefm-1159	180	41	publication	publication	NOUN
arjefm-1159	180	42	american	american	PROPN
arjefm-1159	180	43	research	research	PROPN
arjefm-1159	180	44	journal	journal	PROPN
arjefm-1159	180	45	of	of	ADP
arjefm-1159	180	46	economics	economic	NOUN
arjefm-1159	180	47	,	,	PUNCT
arjefm-1159	180	48	finance	finance	NOUN
arjefm-1159	180	49	and	and	CCONJ
arjefm-1159	180	50	management	management	NOUN
arjefm-1159	180	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	180	52	,	,	PUNCT
arjefm-1159	180	53	email	email	NOUN
arjefm-1159	180	54	:	:	PUNCT
arjefm-1159	180	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	180	56	115	115	NUM
arjefm-1159	181	1	|	|	ADV
arjefm-1159	181	2	p	p	X
arjefm-1159	181	3	a	a	DET
arjefm-1159	181	4	g	g	NOUN
arjefm-1159	181	5	e	e	NOUN
arjefm-1159	181	6	shaping	shape	VERB
arjefm-1159	181	7	economic	economic	ADJ
arjefm-1159	181	8	growth	growth	NOUN
arjefm-1159	181	9	.	.	PUNCT
arjefm-1159	182	1	empirical	empirical	ADJ
arjefm-1159	182	2	research	research	NOUN
arjefm-1159	182	3	is	be	AUX
arjefm-1159	182	4	necessary	necessary	ADJ
arjefm-1159	182	5	to	to	PART
arjefm-1159	182	6	fully	fully	ADV
arjefm-1159	182	7	understand	understand	VERB
arjefm-1159	182	8	the	the	DET
arjefm-1159	182	9	complex	complex	ADJ
arjefm-1159	182	10	dynamics	dynamic	NOUN
arjefm-1159	182	11	between	between	ADP
arjefm-1159	182	12	these	these	DET
arjefm-1159	182	13	variables	variable	NOUN
arjefm-1159	182	14	.	.	PUNCT
arjefm-1159	183	1	theoretical	theoretical	ADJ
arjefm-1159	183	2	framework	framework	NOUN
arjefm-1159	183	3	theoretically	theoretically	ADV
arjefm-1159	183	4	,	,	PUNCT
arjefm-1159	183	5	market	market	NOUN
arjefm-1159	183	6	capitalization	capitalization	NOUN
arjefm-1159	183	7	,	,	PUNCT
arjefm-1159	183	8	or	or	CCONJ
arjefm-1159	183	9	market	market	NOUN
arjefm-1159	183	10	cap	cap	NOUN
arjefm-1159	183	11	(	(	PUNCT
arjefm-1159	183	12	mc	mc	PROPN
arjefm-1159	183	13	)	)	PUNCT
arjefm-1159	183	14	,	,	PUNCT
arjefm-1159	183	15	which	which	PRON
arjefm-1159	183	16	is	be	AUX
arjefm-1159	183	17	the	the	DET
arjefm-1159	183	18	total	total	ADJ
arjefm-1159	183	19	value	value	NOUN
arjefm-1159	183	20	of	of	ADP
arjefm-1159	183	21	all	all	PRON
arjefm-1159	183	22	of	of	ADP
arjefm-1159	183	23	a	a	DET
arjefm-1159	183	24	company	company	NOUN
arjefm-1159	183	25	's	's	PART
arjefm-1159	183	26	shares	share	NOUN
arjefm-1159	183	27	,	,	PUNCT
arjefm-1159	183	28	has	have	VERB
arjefm-1159	183	29	a	a	DET
arjefm-1159	183	30	significant	significant	ADJ
arjefm-1159	183	31	impact	impact	NOUN
arjefm-1159	183	32	on	on	ADP
arjefm-1159	183	33	a	a	DET
arjefm-1159	183	34	country	country	NOUN
arjefm-1159	183	35	's	's	PART
arjefm-1159	183	36	economic	economic	ADJ
arjefm-1159	183	37	growth	growth	NOUN
arjefm-1159	183	38	and	and	CCONJ
arjefm-1159	183	39	the	the	DET
arjefm-1159	183	40	expansion	expansion	NOUN
arjefm-1159	183	41	of	of	ADP
arjefm-1159	183	42	its	its	PRON
arjefm-1159	183	43	capital	capital	NOUN
arjefm-1159	183	44	market	market	NOUN
arjefm-1159	183	45	.	.	PUNCT
arjefm-1159	184	1	on	on	ADP
arjefm-1159	184	2	the	the	DET
arjefm-1159	184	3	other	other	ADJ
arjefm-1159	184	4	hand	hand	NOUN
arjefm-1159	184	5	,	,	PUNCT
arjefm-1159	184	6	a	a	DET
arjefm-1159	184	7	stock	stock	NOUN
arjefm-1159	184	8	market	market	NOUN
arjefm-1159	184	9	index	index	NOUN
arjefm-1159	184	10	that	that	PRON
arjefm-1159	184	11	shows	show	VERB
arjefm-1159	184	12	the	the	DET
arjefm-1159	184	13	total	total	ADJ
arjefm-1159	184	14	performance	performance	NOUN
arjefm-1159	184	15	of	of	ADP
arjefm-1159	184	16	a	a	DET
arjefm-1159	184	17	certain	certain	ADJ
arjefm-1159	184	18	market	market	NOUN
arjefm-1159	184	19	or	or	CCONJ
arjefm-1159	184	20	stock	stock	NOUN
arjefm-1159	184	21	exchange	exchange	NOUN
arjefm-1159	184	22	is	be	AUX
arjefm-1159	184	23	called	call	VERB
arjefm-1159	184	24	the	the	DET
arjefm-1159	184	25	all	all	DET
arjefm-1159	184	26	-	-	PUNCT
arjefm-1159	184	27	share	share	NOUN
arjefm-1159	184	28	index	index	NOUN
arjefm-1159	184	29	(	(	PUNCT
arjefm-1159	184	30	asi	asi	NOUN
arjefm-1159	184	31	)	)	PUNCT
arjefm-1159	184	32	.	.	PUNCT
arjefm-1159	185	1	marginal	marginal	ADJ
arjefm-1159	185	2	efficiency	efficiency	NOUN
arjefm-1159	185	3	of	of	ADP
arjefm-1159	185	4	capital	capital	NOUN
arjefm-1159	185	5	(	(	PUNCT
arjefm-1159	185	6	mec	mec	NOUN
arjefm-1159	185	7	)	)	PUNCT
arjefm-1159	185	8	hypothesis	hypothesis	NOUN
arjefm-1159	185	9	john	john	PROPN
arjefm-1159	185	10	maynard	maynard	PROPN
arjefm-1159	185	11	keynes	keynes	PROPN
arjefm-1159	185	12	is	be	AUX
arjefm-1159	185	13	largely	largely	ADV
arjefm-1159	185	14	responsible	responsible	ADJ
arjefm-1159	185	15	for	for	ADP
arjefm-1159	185	16	the	the	DET
arjefm-1159	185	17	introduction	introduction	NOUN
arjefm-1159	185	18	of	of	ADP
arjefm-1159	185	19	the	the	DET
arjefm-1159	185	20	marginal	marginal	ADJ
arjefm-1159	185	21	efficiency	efficiency	NOUN
arjefm-1159	185	22	of	of	ADP
arjefm-1159	185	23	capital	capital	NOUN
arjefm-1159	185	24	(	(	PUNCT
arjefm-1159	185	25	mec	mec	PROPN
arjefm-1159	185	26	)	)	PUNCT
arjefm-1159	185	27	concept	concept	NOUN
arjefm-1159	185	28	in	in	ADP
arjefm-1159	185	29	his	his	PRON
arjefm-1159	185	30	seminal	seminal	ADJ
arjefm-1159	185	31	work	work	NOUN
arjefm-1159	185	32	,	,	PUNCT
arjefm-1159	185	33	"	"	PUNCT
arjefm-1159	185	34	the	the	DET
arjefm-1159	185	35	general	general	ADJ
arjefm-1159	185	36	theory	theory	NOUN
arjefm-1159	185	37	of	of	ADP
arjefm-1159	185	38	employment	employment	NOUN
arjefm-1159	185	39	,	,	PUNCT
arjefm-1159	185	40	interest	interest	NOUN
arjefm-1159	185	41	,	,	PUNCT
arjefm-1159	185	42	and	and	CCONJ
arjefm-1159	185	43	money	money	NOUN
arjefm-1159	185	44	.	.	PUNCT
arjefm-1159	185	45	"	"	PUNCT
arjefm-1159	186	1	according	accord	VERB
arjefm-1159	186	2	to	to	ADP
arjefm-1159	186	3	the	the	DET
arjefm-1159	186	4	marginal	marginal	ADJ
arjefm-1159	186	5	efficiency	efficiency	NOUN
arjefm-1159	186	6	of	of	ADP
arjefm-1159	186	7	capital	capital	NOUN
arjefm-1159	186	8	(	(	PUNCT
arjefm-1159	186	9	mec	mec	NOUN
arjefm-1159	186	10	)	)	PUNCT
arjefm-1159	186	11	theory	theory	NOUN
arjefm-1159	186	12	,	,	PUNCT
arjefm-1159	186	13	an	an	DET
arjefm-1159	186	14	economy	economy	NOUN
arjefm-1159	186	15	's	's	PART
arjefm-1159	186	16	investment	investment	NOUN
arjefm-1159	186	17	level	level	NOUN
arjefm-1159	186	18	is	be	AUX
arjefm-1159	186	19	influenced	influence	VERB
arjefm-1159	186	20	by	by	ADP
arjefm-1159	186	21	the	the	DET
arjefm-1159	186	22	mec	mec	PROPN
arjefm-1159	186	23	,	,	PUNCT
arjefm-1159	186	24	or	or	CCONJ
arjefm-1159	186	25	rate	rate	NOUN
arjefm-1159	186	26	of	of	ADP
arjefm-1159	186	27	return	return	NOUN
arjefm-1159	186	28	on	on	ADP
arjefm-1159	186	29	investment	investment	NOUN
arjefm-1159	186	30	.	.	PUNCT
arjefm-1159	187	1	an	an	DET
arjefm-1159	187	2	investment	investment	NOUN
arjefm-1159	187	3	turns	turn	VERB
arjefm-1159	187	4	a	a	DET
arjefm-1159	187	5	profit	profit	NOUN
arjefm-1159	187	6	when	when	SCONJ
arjefm-1159	187	7	its	its	PRON
arjefm-1159	187	8	present	present	ADJ
arjefm-1159	187	9	cost	cost	NOUN
arjefm-1159	187	10	is	be	AUX
arjefm-1159	187	11	equivalent	equivalent	ADJ
arjefm-1159	187	12	to	to	ADP
arjefm-1159	187	13	the	the	DET
arjefm-1159	187	14	anticipated	anticipated	ADJ
arjefm-1159	187	15	future	future	ADJ
arjefm-1159	187	16	profits	profit	NOUN
arjefm-1159	187	17	,	,	PUNCT
arjefm-1159	187	18	discounted	discount	VERB
arjefm-1159	187	19	at	at	ADP
arjefm-1159	187	20	the	the	DET
arjefm-1159	187	21	mec	mec	PROPN
arjefm-1159	187	22	.	.	PUNCT
arjefm-1159	188	1	according	accord	VERB
arjefm-1159	188	2	to	to	ADP
arjefm-1159	188	3	this	this	DET
arjefm-1159	188	4	theory	theory	NOUN
arjefm-1159	188	5	,	,	PUNCT
arjefm-1159	188	6	the	the	DET
arjefm-1159	188	7	mec	mec	PROPN
arjefm-1159	188	8	and	and	CCONJ
arjefm-1159	188	9	investment	investment	NOUN
arjefm-1159	188	10	level	level	NOUN
arjefm-1159	188	11	have	have	VERB
arjefm-1159	188	12	an	an	DET
arjefm-1159	188	13	inverse	inverse	NOUN
arjefm-1159	188	14	relationship	relationship	NOUN
arjefm-1159	188	15	,	,	PUNCT
arjefm-1159	188	16	with	with	ADP
arjefm-1159	188	17	lower	low	ADJ
arjefm-1159	188	18	mecs	mecs	X
arjefm-1159	188	19	stimulating	stimulate	VERB
arjefm-1159	188	20	investment	investment	NOUN
arjefm-1159	188	21	and	and	CCONJ
arjefm-1159	188	22	higher	high	ADJ
arjefm-1159	188	23	mecs	mec	NOUN
arjefm-1159	188	24	discouraging	discourage	VERB
arjefm-1159	188	25	it	it	PRON
arjefm-1159	188	26	.	.	PUNCT
arjefm-1159	189	1	interest	interest	NOUN
arjefm-1159	189	2	rates	rate	NOUN
arjefm-1159	189	3	also	also	ADV
arjefm-1159	189	4	have	have	VERB
arjefm-1159	189	5	an	an	DET
arjefm-1159	189	6	impact	impact	NOUN
arjefm-1159	189	7	on	on	ADP
arjefm-1159	189	8	the	the	DET
arjefm-1159	189	9	mec	mec	NOUN
arjefm-1159	189	10	;	;	PUNCT
arjefm-1159	189	11	when	when	SCONJ
arjefm-1159	189	12	they	they	PRON
arjefm-1159	189	13	are	be	AUX
arjefm-1159	189	14	below	below	ADP
arjefm-1159	189	15	the	the	DET
arjefm-1159	189	16	mec	mec	X
arjefm-1159	189	17	,	,	PUNCT
arjefm-1159	189	18	lower	low	ADJ
arjefm-1159	189	19	interest	interest	NOUN
arjefm-1159	189	20	rates	rate	NOUN
arjefm-1159	189	21	encourage	encourage	VERB
arjefm-1159	189	22	investment	investment	NOUN
arjefm-1159	189	23	.	.	PUNCT
arjefm-1159	190	1	regarding	regard	VERB
arjefm-1159	190	2	the	the	DET
arjefm-1159	190	3	connection	connection	NOUN
arjefm-1159	190	4	between	between	ADP
arjefm-1159	190	5	economic	economic	ADJ
arjefm-1159	190	6	growth	growth	NOUN
arjefm-1159	190	7	and	and	CCONJ
arjefm-1159	190	8	the	the	DET
arjefm-1159	190	9	development	development	NOUN
arjefm-1159	190	10	of	of	ADP
arjefm-1159	190	11	the	the	DET
arjefm-1159	190	12	capital	capital	NOUN
arjefm-1159	190	13	market	market	NOUN
arjefm-1159	190	14	,	,	PUNCT
arjefm-1159	190	15	the	the	DET
arjefm-1159	190	16	mec	mec	PROPN
arjefm-1159	190	17	hypothesis	hypothesis	NOUN
arjefm-1159	190	18	is	be	AUX
arjefm-1159	190	19	quite	quite	ADV
arjefm-1159	190	20	pertinent	pertinent	ADJ
arjefm-1159	190	21	:	:	PUNCT
arjefm-1159	190	22	first	first	ADV
arjefm-1159	190	23	,	,	PUNCT
arjefm-1159	190	24	one	one	NUM
arjefm-1159	190	25	of	of	ADP
arjefm-1159	190	26	the	the	DET
arjefm-1159	190	27	main	main	ADJ
arjefm-1159	190	28	factors	factor	NOUN
arjefm-1159	190	29	influencing	influence	VERB
arjefm-1159	190	30	investment	investment	NOUN
arjefm-1159	190	31	spending	spending	NOUN
arjefm-1159	190	32	,	,	PUNCT
arjefm-1159	190	33	which	which	PRON
arjefm-1159	190	34	is	be	AUX
arjefm-1159	190	35	a	a	DET
arjefm-1159	190	36	major	major	ADJ
arjefm-1159	190	37	contributor	contributor	NOUN
arjefm-1159	190	38	to	to	ADP
arjefm-1159	190	39	economic	economic	ADJ
arjefm-1159	190	40	expansion	expansion	NOUN
arjefm-1159	190	41	,	,	PUNCT
arjefm-1159	190	42	is	be	AUX
arjefm-1159	190	43	mec	mec	PROPN
arjefm-1159	190	44	.	.	PUNCT
arjefm-1159	190	45	investment	investment	NOUN
arjefm-1159	190	46	is	be	AUX
arjefm-1159	190	47	stimulated	stimulate	VERB
arjefm-1159	190	48	by	by	ADP
arjefm-1159	190	49	a	a	DET
arjefm-1159	190	50	high	high	ADJ
arjefm-1159	190	51	mec	mec	X
arjefm-1159	190	52	,	,	PUNCT
arjefm-1159	190	53	which	which	PRON
arjefm-1159	190	54	boosts	boost	VERB
arjefm-1159	190	55	economic	economic	ADJ
arjefm-1159	190	56	growth	growth	NOUN
arjefm-1159	190	57	,	,	PUNCT
arjefm-1159	190	58	production	production	NOUN
arjefm-1159	190	59	,	,	PUNCT
arjefm-1159	190	60	and	and	CCONJ
arjefm-1159	190	61	employment	employment	NOUN
arjefm-1159	190	62	.	.	PUNCT
arjefm-1159	191	1	second	second	ADV
arjefm-1159	191	2	,	,	PUNCT
arjefm-1159	191	3	the	the	DET
arjefm-1159	191	4	interest	interest	NOUN
arjefm-1159	191	5	rate	rate	NOUN
arjefm-1159	191	6	has	have	VERB
arjefm-1159	191	7	an	an	DET
arjefm-1159	191	8	impact	impact	NOUN
arjefm-1159	191	9	on	on	ADP
arjefm-1159	191	10	mec	mec	PROPN
arjefm-1159	191	11	.	.	PUNCT
arjefm-1159	192	1	an	an	DET
arjefm-1159	192	2	environment	environment	NOUN
arjefm-1159	192	3	with	with	ADP
arjefm-1159	192	4	low	low	ADJ
arjefm-1159	192	5	interest	interest	NOUN
arjefm-1159	192	6	rates	rate	NOUN
arjefm-1159	192	7	might	might	AUX
arjefm-1159	192	8	encourage	encourage	VERB
arjefm-1159	192	9	capital	capital	NOUN
arjefm-1159	192	10	market	market	NOUN
arjefm-1159	192	11	growth	growth	NOUN
arjefm-1159	192	12	and	and	CCONJ
arjefm-1159	192	13	investment	investment	NOUN
arjefm-1159	192	14	.	.	PUNCT
arjefm-1159	193	1	a	a	DET
arjefm-1159	193	2	high	high	ADJ
arjefm-1159	193	3	interest	interest	NOUN
arjefm-1159	193	4	rate	rate	NOUN
arjefm-1159	193	5	,	,	PUNCT
arjefm-1159	193	6	on	on	ADP
arjefm-1159	193	7	the	the	DET
arjefm-1159	193	8	other	other	ADJ
arjefm-1159	193	9	hand	hand	NOUN
arjefm-1159	193	10	,	,	PUNCT
arjefm-1159	193	11	can	can	AUX
arjefm-1159	193	12	deter	deter	VERB
arjefm-1159	193	13	investment	investment	NOUN
arjefm-1159	193	14	and	and	CCONJ
arjefm-1159	193	15	impede	impede	VERB
arjefm-1159	193	16	the	the	DET
arjefm-1159	193	17	growth	growth	NOUN
arjefm-1159	193	18	of	of	ADP
arjefm-1159	193	19	the	the	DET
arjefm-1159	193	20	capital	capital	NOUN
arjefm-1159	193	21	market	market	NOUN
arjefm-1159	193	22	.	.	PUNCT
arjefm-1159	194	1	third	third	ADJ
arjefm-1159	194	2	,	,	PUNCT
arjefm-1159	194	3	investor	investor	NOUN
arjefm-1159	194	4	expectations	expectation	NOUN
arjefm-1159	194	5	regarding	regard	VERB
arjefm-1159	194	6	future	future	ADJ
arjefm-1159	194	7	profitability	profitability	NOUN
arjefm-1159	194	8	also	also	ADV
arjefm-1159	194	9	affect	affect	VERB
arjefm-1159	194	10	mec	mec	PROPN
arjefm-1159	194	11	;	;	PUNCT
arjefm-1159	194	12	a	a	DET
arjefm-1159	194	13	positive	positive	ADJ
arjefm-1159	194	14	outlook	outlook	NOUN
arjefm-1159	194	15	for	for	ADP
arjefm-1159	194	16	the	the	DET
arjefm-1159	194	17	economy	economy	NOUN
arjefm-1159	194	18	can	can	AUX
arjefm-1159	194	19	result	result	VERB
arjefm-1159	194	20	in	in	ADP
arjefm-1159	194	21	a	a	DET
arjefm-1159	194	22	higher	high	ADJ
arjefm-1159	194	23	mec	mec	NOUN
arjefm-1159	194	24	and	and	CCONJ
arjefm-1159	194	25	more	more	ADJ
arjefm-1159	194	26	investment	investment	NOUN
arjefm-1159	194	27	,	,	PUNCT
arjefm-1159	194	28	while	while	SCONJ
arjefm-1159	194	29	a	a	DET
arjefm-1159	194	30	negative	negative	ADJ
arjefm-1159	194	31	outlook	outlook	NOUN
arjefm-1159	194	32	can	can	AUX
arjefm-1159	194	33	have	have	VERB
arjefm-1159	194	34	the	the	DET
arjefm-1159	194	35	opposite	opposite	ADJ
arjefm-1159	194	36	effect	effect	NOUN
arjefm-1159	194	37	.	.	PUNCT
arjefm-1159	195	1	fourth	fourth	ADJ
arjefm-1159	195	2	,	,	PUNCT
arjefm-1159	195	3	a	a	DET
arjefm-1159	195	4	well	well	ADV
arjefm-1159	195	5	-	-	PUNCT
arjefm-1159	195	6	developed	develop	VERB
arjefm-1159	195	7	capital	capital	NOUN
arjefm-1159	195	8	market	market	NOUN
arjefm-1159	195	9	can	can	AUX
arjefm-1159	195	10	help	help	VERB
arjefm-1159	195	11	ensure	ensure	VERB
arjefm-1159	195	12	that	that	SCONJ
arjefm-1159	195	13	investment	investment	NOUN
arjefm-1159	195	14	funds	fund	NOUN
arjefm-1159	195	15	are	be	AUX
arjefm-1159	195	16	allocated	allocate	VERB
arjefm-1159	195	17	efficiently	efficiently	ADV
arjefm-1159	195	18	to	to	ADP
arjefm-1159	195	19	projects	project	NOUN
arjefm-1159	195	20	with	with	ADP
arjefm-1159	195	21	the	the	DET
arjefm-1159	195	22	highest	high	ADJ
arjefm-1159	195	23	expected	expect	VERB
arjefm-1159	195	24	returns	return	NOUN
arjefm-1159	195	25	,	,	PUNCT
arjefm-1159	195	26	which	which	PRON
arjefm-1159	195	27	can	can	AUX
arjefm-1159	195	28	result	result	VERB
arjefm-1159	195	29	in	in	ADP
arjefm-1159	195	30	a	a	DET
arjefm-1159	195	31	higher	high	ADJ
arjefm-1159	195	32	mec	mec	NOUN
arjefm-1159	195	33	and	and	CCONJ
arjefm-1159	195	34	promote	promote	VERB
arjefm-1159	195	35	economic	economic	ADJ
arjefm-1159	195	36	growth	growth	NOUN
arjefm-1159	195	37	.	.	PUNCT
arjefm-1159	196	1	financial	financial	ADJ
arjefm-1159	196	2	intermediation	intermediation	NOUN
arjefm-1159	196	3	theory	theory	NOUN
arjefm-1159	196	4	mostly	mostly	ADV
arjefm-1159	196	5	credited	credit	VERB
arjefm-1159	196	6	to	to	ADP
arjefm-1159	196	7	british	british	PROPN
arjefm-1159	196	8	economist	economist	PROPN
arjefm-1159	196	9	edward	edward	PROPN
arjefm-1159	196	10	james	james	PROPN
arjefm-1159	196	11	nell	nell	PROPN
arjefm-1159	196	12	,	,	PUNCT
arjefm-1159	196	13	the	the	DET
arjefm-1159	196	14	financial	financial	ADJ
arjefm-1159	196	15	intermediation	intermediation	NOUN
arjefm-1159	196	16	theory	theory	NOUN
arjefm-1159	196	17	was	be	AUX
arjefm-1159	196	18	first	first	ADV
arjefm-1159	196	19	presented	present	VERB
arjefm-1159	196	20	in	in	ADP
arjefm-1159	196	21	his	his	PRON
arjefm-1159	196	22	1975	1975	NUM
arjefm-1159	196	23	book	book	NOUN
arjefm-1159	196	24	"	"	PUNCT
arjefm-1159	196	25	the	the	DET
arjefm-1159	196	26	theory	theory	NOUN
arjefm-1159	196	27	of	of	ADP
arjefm-1159	196	28	general	general	ADJ
arjefm-1159	196	29	economic	economic	ADJ
arjefm-1159	196	30	equilibrium	equilibrium	NOUN
arjefm-1159	196	31	.	.	PUNCT
arjefm-1159	196	32	"	"	PUNCT
arjefm-1159	197	1	according	accord	VERB
arjefm-1159	197	2	to	to	ADP
arjefm-1159	197	3	nell	nell	PROPN
arjefm-1159	197	4	's	's	PART
arjefm-1159	197	5	(	(	PUNCT
arjefm-1159	197	6	1975	1975	NUM
arjefm-1159	197	7	)	)	PUNCT
arjefm-1159	197	8	financial	financial	ADJ
arjefm-1159	197	9	intermediation	intermediation	NOUN
arjefm-1159	197	10	theory	theory	NOUN
arjefm-1159	197	11	,	,	PUNCT
arjefm-1159	197	12	effective	effective	ADJ
arjefm-1159	197	13	capital	capital	NOUN
arjefm-1159	197	14	allocation	allocation	NOUN
arjefm-1159	197	15	is	be	AUX
arjefm-1159	197	16	hampered	hamper	VERB
arjefm-1159	197	17	by	by	ADP
arjefm-1159	197	18	high	high	ADJ
arjefm-1159	197	19	transaction	transaction	NOUN
arjefm-1159	197	20	costs	cost	NOUN
arjefm-1159	197	21	and	and	CCONJ
arjefm-1159	197	22	knowledge	knowledge	NOUN
arjefm-1159	197	23	asymmetry	asymmetry	NOUN
arjefm-1159	197	24	between	between	ADP
arjefm-1159	197	25	lenders	lender	NOUN
arjefm-1159	197	26	and	and	CCONJ
arjefm-1159	197	27	borrowers	borrower	NOUN
arjefm-1159	197	28	.	.	PUNCT
arjefm-1159	198	1	by	by	ADP
arjefm-1159	198	2	decreasing	decrease	VERB
arjefm-1159	198	3	information	information	NOUN
arjefm-1159	198	4	asymmetry	asymmetry	NOUN
arjefm-1159	198	5	,	,	PUNCT
arjefm-1159	198	6	cutting	cut	VERB
arjefm-1159	198	7	transaction	transaction	NOUN
arjefm-1159	198	8	costs	cost	NOUN
arjefm-1159	198	9	,	,	PUNCT
arjefm-1159	198	10	and	and	CCONJ
arjefm-1159	198	11	diversifying	diversify	VERB
arjefm-1159	198	12	hazardous	hazardous	ADJ
arjefm-1159	198	13	assets	asset	NOUN
arjefm-1159	198	14	into	into	ADP
arjefm-1159	198	15	less	less	ADV
arjefm-1159	198	16	risky	risky	ADJ
arjefm-1159	198	17	ones	one	NOUN
arjefm-1159	198	18	,	,	PUNCT
arjefm-1159	198	19	financial	financial	ADJ
arjefm-1159	198	20	intermediaries	intermediary	NOUN
arjefm-1159	198	21	help	help	VERB
arjefm-1159	198	22	to	to	PART
arjefm-1159	198	23	reduce	reduce	VERB
arjefm-1159	198	24	these	these	DET
arjefm-1159	198	25	problems	problem	NOUN
arjefm-1159	198	26	.	.	PUNCT
arjefm-1159	199	1	this	this	DET
arjefm-1159	199	2	theory	theory	NOUN
arjefm-1159	199	3	emphasizes	emphasize	VERB
arjefm-1159	199	4	how	how	SCONJ
arjefm-1159	199	5	crucial	crucial	ADJ
arjefm-1159	199	6	financial	financial	ADJ
arjefm-1159	199	7	mailto:contact@americaserial.com	mailto:contact@americaserial.com	NOUN
arjefm-1159	199	8	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	199	9	american	american	PROPN
arjefm-1159	199	10	research	research	PROPN
arjefm-1159	199	11	journal	journal	PROPN
arjefm-1159	199	12	of	of	ADP
arjefm-1159	199	13	economics	economic	NOUN
arjefm-1159	199	14	,	,	PUNCT
arjefm-1159	199	15	finance	finance	NOUN
arjefm-1159	199	16	and	and	CCONJ
arjefm-1159	199	17	management	management	NOUN
arjefm-1159	199	18	volume	volume	NOUN
arjefm-1159	199	19	12	12	NUM
arjefm-1159	199	20	issue	issue	NOUN
arjefm-1159	199	21	3	3	NUM
arjefm-1159	199	22	,	,	PUNCT
arjefm-1159	199	23	july	july	PROPN
arjefm-1159	199	24	-	-	PUNCT
arjefm-1159	199	25	september	september	PROPN
arjefm-1159	199	26	2024	2024	NUM
arjefm-1159	199	27	issn	issn	NOUN
arjefm-1159	199	28	:	:	PUNCT
arjefm-1159	199	29	2836	2836	NUM
arjefm-1159	199	30	-	-	SYM
arjefm-1159	199	31	9416	9416	NUM
arjefm-1159	199	32	impact	impact	NOUN
arjefm-1159	199	33	factor	factor	NOUN
arjefm-1159	199	34	:	:	PUNCT
arjefm-1159	199	35	4.85	4.85	NUM
arjefm-1159	199	36	journal	journal	NOUN
arjefm-1159	199	37	homepage	homepage	NOUN
arjefm-1159	199	38	:	:	PUNCT
arjefm-1159	199	39	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	199	40	,	,	PUNCT
arjefm-1159	199	41	email	email	NOUN
arjefm-1159	199	42	:	:	PUNCT
arjefm-1159	199	43	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	199	44	official	official	ADJ
arjefm-1159	199	45	journal	journal	PROPN
arjefm-1159	199	46	of	of	ADP
arjefm-1159	199	47	america	america	PROPN
arjefm-1159	199	48	serial	serial	PROPN
arjefm-1159	199	49	publication	publication	NOUN
arjefm-1159	199	50	american	american	PROPN
arjefm-1159	199	51	research	research	PROPN
arjefm-1159	199	52	journal	journal	PROPN
arjefm-1159	199	53	of	of	ADP
arjefm-1159	199	54	economics	economic	NOUN
arjefm-1159	199	55	,	,	PUNCT
arjefm-1159	199	56	finance	finance	NOUN
arjefm-1159	199	57	and	and	CCONJ
arjefm-1159	199	58	management	management	NOUN
arjefm-1159	199	59	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	199	60	,	,	PUNCT
arjefm-1159	199	61	email	email	NOUN
arjefm-1159	199	62	:	:	PUNCT
arjefm-1159	199	63	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	200	1	116	116	NUM
arjefm-1159	201	1	|	|	ADV
arjefm-1159	201	2	p	p	ADP
arjefm-1159	201	3	a	a	DET
arjefm-1159	201	4	g	g	NOUN
arjefm-1159	201	5	e	e	NOUN
arjefm-1159	201	6	intermediaries	intermediary	NOUN
arjefm-1159	201	7	are	be	AUX
arjefm-1159	201	8	to	to	ADP
arjefm-1159	201	9	increasing	increase	VERB
arjefm-1159	201	10	market	market	NOUN
arjefm-1159	201	11	liquidity	liquidity	NOUN
arjefm-1159	201	12	,	,	PUNCT
arjefm-1159	201	13	providing	provide	VERB
arjefm-1159	201	14	risk	risk	NOUN
arjefm-1159	201	15	management	management	NOUN
arjefm-1159	201	16	products	product	NOUN
arjefm-1159	201	17	,	,	PUNCT
arjefm-1159	201	18	increasing	increase	VERB
arjefm-1159	201	19	capital	capital	NOUN
arjefm-1159	201	20	allocation	allocation	NOUN
arjefm-1159	201	21	efficiency	efficiency	NOUN
arjefm-1159	201	22	,	,	PUNCT
arjefm-1159	201	23	and	and	CCONJ
arjefm-1159	201	24	ultimately	ultimately	ADV
arjefm-1159	201	25	promoting	promote	VERB
arjefm-1159	201	26	economic	economic	ADJ
arjefm-1159	201	27	growth	growth	NOUN
arjefm-1159	201	28	and	and	CCONJ
arjefm-1159	201	29	development	development	NOUN
arjefm-1159	201	30	.	.	PUNCT
arjefm-1159	202	1	empirical	empirical	ADJ
arjefm-1159	202	2	review	review	NOUN
arjefm-1159	202	3	the	the	DET
arjefm-1159	202	4	researchers	researcher	NOUN
arjefm-1159	202	5	reviewed	review	VERB
arjefm-1159	202	6	a	a	DET
arjefm-1159	202	7	number	number	NOUN
arjefm-1159	202	8	of	of	ADP
arjefm-1159	202	9	empirical	empirical	ADJ
arjefm-1159	202	10	publications	publication	NOUN
arjefm-1159	202	11	in	in	ADP
arjefm-1159	202	12	the	the	DET
arjefm-1159	202	13	following	follow	VERB
arjefm-1159	202	14	chronological	chronological	ADJ
arjefm-1159	202	15	order	order	NOUN
arjefm-1159	202	16	:	:	PUNCT
arjefm-1159	202	17	dabo	dabo	X
arjefm-1159	202	18	(	(	PUNCT
arjefm-1159	202	19	2015	2015	NUM
arjefm-1159	202	20	)	)	PUNCT
arjefm-1159	202	21	evaluated	evaluate	VERB
arjefm-1159	202	22	how	how	SCONJ
arjefm-1159	202	23	the	the	DET
arjefm-1159	202	24	nigerian	nigerian	ADJ
arjefm-1159	202	25	capital	capital	NOUN
arjefm-1159	202	26	market	market	NOUN
arjefm-1159	202	27	's	's	PART
arjefm-1159	202	28	capitalization	capitalization	NOUN
arjefm-1159	202	29	affected	affect	VERB
arjefm-1159	202	30	the	the	DET
arjefm-1159	202	31	country	country	NOUN
arjefm-1159	202	32	's	's	PART
arjefm-1159	202	33	economic	economic	ADJ
arjefm-1159	202	34	expansion	expansion	NOUN
arjefm-1159	202	35	.	.	PUNCT
arjefm-1159	203	1	data	datum	NOUN
arjefm-1159	203	2	were	be	AUX
arjefm-1159	203	3	collected	collect	VERB
arjefm-1159	203	4	from	from	ADP
arjefm-1159	203	5	the	the	DET
arjefm-1159	203	6	cbn	cbn	PROPN
arjefm-1159	203	7	statistical	statistical	ADJ
arjefm-1159	203	8	bulletin	bulletin	NOUN
arjefm-1159	203	9	,	,	PUNCT
arjefm-1159	203	10	the	the	DET
arjefm-1159	203	11	annual	annual	ADJ
arjefm-1159	203	12	report	report	NOUN
arjefm-1159	203	13	,	,	PUNCT
arjefm-1159	203	14	and	and	CCONJ
arjefm-1159	203	15	the	the	DET
arjefm-1159	203	16	statements	statement	NOUN
arjefm-1159	203	17	of	of	ADP
arjefm-1159	203	18	accounts	account	NOUN
arjefm-1159	203	19	of	of	ADP
arjefm-1159	203	20	the	the	DET
arjefm-1159	203	21	nigeria	nigeria	PROPN
arjefm-1159	203	22	stock	stock	PROPN
arjefm-1159	203	23	exchange	exchange	PROPN
arjefm-1159	203	24	,	,	PUNCT
arjefm-1159	203	25	using	use	VERB
arjefm-1159	203	26	annual	annual	ADJ
arjefm-1159	203	27	time	time	NOUN
arjefm-1159	203	28	series	series	PROPN
arjefm-1159	203	29	data	datum	NOUN
arjefm-1159	203	30	from	from	ADP
arjefm-1159	203	31	2001	2001	NUM
arjefm-1159	203	32	to	to	ADP
arjefm-1159	203	33	2012	2012	NUM
arjefm-1159	203	34	.	.	PUNCT
arjefm-1159	204	1	the	the	DET
arjefm-1159	204	2	variables	variable	NOUN
arjefm-1159	204	3	were	be	AUX
arjefm-1159	204	4	estimated	estimate	VERB
arjefm-1159	204	5	using	use	VERB
arjefm-1159	204	6	multiple	multiple	ADJ
arjefm-1159	204	7	regression	regression	NOUN
arjefm-1159	204	8	.	.	PUNCT
arjefm-1159	205	1	the	the	DET
arjefm-1159	205	2	findings	finding	NOUN
arjefm-1159	205	3	demonstrated	demonstrate	VERB
arjefm-1159	205	4	a	a	DET
arjefm-1159	205	5	unidirectional	unidirectional	ADJ
arjefm-1159	205	6	causal	causal	NOUN
arjefm-1159	205	7	relationship	relationship	NOUN
arjefm-1159	205	8	between	between	ADP
arjefm-1159	205	9	economic	economic	ADJ
arjefm-1159	205	10	growth	growth	NOUN
arjefm-1159	205	11	and	and	CCONJ
arjefm-1159	205	12	stock	stock	NOUN
arjefm-1159	205	13	market	market	NOUN
arjefm-1159	205	14	capitalization	capitalization	NOUN
arjefm-1159	205	15	,	,	PUNCT
arjefm-1159	205	16	with	with	ADP
arjefm-1159	205	17	gdp	gdp	NOUN
arjefm-1159	205	18	showing	show	VERB
arjefm-1159	205	19	the	the	DET
arjefm-1159	205	20	strongest	strong	ADJ
arjefm-1159	205	21	correlation	correlation	NOUN
arjefm-1159	205	22	with	with	ADP
arjefm-1159	205	23	mcap	mcap	NOUN
arjefm-1159	205	24	at	at	ADP
arjefm-1159	205	25	the	the	DET
arjefm-1159	205	26	5	5	NUM
arjefm-1159	205	27	%	%	NOUN
arjefm-1159	205	28	significance	significance	NOUN
arjefm-1159	205	29	level	level	NOUN
arjefm-1159	205	30	.	.	PUNCT
arjefm-1159	206	1	osakure	osakure	VERB
arjefm-1159	206	2	and	and	CCONJ
arjefm-1159	206	3	ananwude	ananwude	ADJ
arjefm-1159	206	4	(	(	PUNCT
arjefm-1159	206	5	2017	2017	NUM
arjefm-1159	206	6	)	)	PUNCT
arjefm-1159	206	7	conducted	conduct	VERB
arjefm-1159	206	8	a	a	DET
arjefm-1159	206	9	comparative	comparative	ADJ
arjefm-1159	206	10	analysis	analysis	NOUN
arjefm-1159	206	11	of	of	ADP
arjefm-1159	206	12	the	the	DET
arjefm-1159	206	13	evolution	evolution	NOUN
arjefm-1159	206	14	of	of	ADP
arjefm-1159	206	15	the	the	DET
arjefm-1159	206	16	stock	stock	NOUN
arjefm-1159	206	17	market	market	NOUN
arjefm-1159	206	18	and	and	CCONJ
arjefm-1159	206	19	economic	economic	ADJ
arjefm-1159	206	20	growth	growth	NOUN
arjefm-1159	206	21	in	in	ADP
arjefm-1159	206	22	two	two	NUM
arjefm-1159	206	23	growing	grow	VERB
arjefm-1159	206	24	african	african	ADJ
arjefm-1159	206	25	economies	economy	NOUN
arjefm-1159	206	26	—	—	PUNCT
arjefm-1159	206	27	south	south	PROPN
arjefm-1159	206	28	africa	africa	PROPN
arjefm-1159	206	29	and	and	CCONJ
arjefm-1159	206	30	nigeria	nigeria	PROPN
arjefm-1159	206	31	—	—	PUNCT
arjefm-1159	206	32	using	use	VERB
arjefm-1159	206	33	time	time	NOUN
arjefm-1159	206	34	series	series	PROPN
arjefm-1159	206	35	data	datum	NOUN
arjefm-1159	206	36	from	from	ADP
arjefm-1159	206	37	1981	1981	NUM
arjefm-1159	206	38	to	to	ADP
arjefm-1159	206	39	2015	2015	NUM
arjefm-1159	206	40	.	.	PUNCT
arjefm-1159	207	1	autoregressive	autoregressive	ADJ
arjefm-1159	207	2	distributive	distributive	ADJ
arjefm-1159	207	3	lag	lag	NOUN
arjefm-1159	207	4	(	(	PUNCT
arjefm-1159	207	5	ardl	ardl	NOUN
arjefm-1159	207	6	)	)	PUNCT
arjefm-1159	207	7	and	and	CCONJ
arjefm-1159	207	8	the	the	DET
arjefm-1159	207	9	granger	granger	PROPN
arjefm-1159	207	10	casualty	casualty	PROPN
arjefm-1159	207	11	analysis	analysis	NOUN
arjefm-1159	207	12	model	model	NOUN
arjefm-1159	207	13	were	be	AUX
arjefm-1159	207	14	used	use	VERB
arjefm-1159	207	15	to	to	PART
arjefm-1159	207	16	examine	examine	VERB
arjefm-1159	207	17	the	the	DET
arjefm-1159	207	18	datasets	dataset	NOUN
arjefm-1159	207	19	.	.	PUNCT
arjefm-1159	208	1	the	the	DET
arjefm-1159	208	2	results	result	NOUN
arjefm-1159	208	3	showed	show	VERB
arjefm-1159	208	4	a	a	DET
arjefm-1159	208	5	weak	weak	ADJ
arjefm-1159	208	6	but	but	CCONJ
arjefm-1159	208	7	favourable	favourable	ADJ
arjefm-1159	208	8	correlation	correlation	NOUN
arjefm-1159	208	9	between	between	ADP
arjefm-1159	208	10	economic	economic	ADJ
arjefm-1159	208	11	growth	growth	NOUN
arjefm-1159	208	12	and	and	CCONJ
arjefm-1159	208	13	stock	stock	NOUN
arjefm-1159	208	14	market	market	NOUN
arjefm-1159	208	15	development	development	NOUN
arjefm-1159	208	16	over	over	ADP
arjefm-1159	208	17	both	both	CCONJ
arjefm-1159	208	18	the	the	DET
arjefm-1159	208	19	short	short	ADJ
arjefm-1159	208	20	and	and	CCONJ
arjefm-1159	208	21	long	long	ADJ
arjefm-1159	208	22	terms	term	NOUN
arjefm-1159	208	23	.	.	PUNCT
arjefm-1159	209	1	avery	avery	NOUN
arjefm-1159	209	2	and	and	CCONJ
arjefm-1159	209	3	obah	obah	NOUN
arjefm-1159	209	4	(	(	PUNCT
arjefm-1159	209	5	2018	2018	NUM
arjefm-1159	209	6	)	)	PUNCT
arjefm-1159	209	7	looked	look	VERB
arjefm-1159	209	8	at	at	ADP
arjefm-1159	209	9	how	how	SCONJ
arjefm-1159	209	10	the	the	DET
arjefm-1159	209	11	nigerian	nigerian	ADJ
arjefm-1159	209	12	economy	economy	NOUN
arjefm-1159	209	13	was	be	AUX
arjefm-1159	209	14	affected	affect	VERB
arjefm-1159	209	15	by	by	ADP
arjefm-1159	209	16	the	the	DET
arjefm-1159	209	17	expansion	expansion	NOUN
arjefm-1159	209	18	of	of	ADP
arjefm-1159	209	19	the	the	DET
arjefm-1159	209	20	capital	capital	NOUN
arjefm-1159	209	21	market	market	NOUN
arjefm-1159	209	22	between	between	ADP
arjefm-1159	209	23	2000	2000	NUM
arjefm-1159	209	24	and	and	CCONJ
arjefm-1159	209	25	2013	2013	NUM
arjefm-1159	209	26	.	.	PUNCT
arjefm-1159	210	1	the	the	DET
arjefm-1159	210	2	central	central	ADJ
arjefm-1159	210	3	bank	bank	PROPN
arjefm-1159	210	4	of	of	ADP
arjefm-1159	210	5	nigeria	nigeria	PROPN
arjefm-1159	210	6	statistical	statistical	ADJ
arjefm-1159	210	7	bulletin	bulletin	NOUN
arjefm-1159	210	8	,	,	PUNCT
arjefm-1159	210	9	the	the	DET
arjefm-1159	210	10	nigerian	nigerian	ADJ
arjefm-1159	210	11	stock	stock	PROPN
arjefm-1159	210	12	exchange	exchange	PROPN
arjefm-1159	210	13	review	review	NOUN
arjefm-1159	210	14	reports	report	VERB
arjefm-1159	210	15	,	,	PUNCT
arjefm-1159	210	16	and	and	CCONJ
arjefm-1159	210	17	the	the	DET
arjefm-1159	210	18	security	security	NOUN
arjefm-1159	210	19	exchange	exchange	PROPN
arjefm-1159	210	20	commission	commission	PROPN
arjefm-1159	210	21	reports	report	NOUN
arjefm-1159	210	22	were	be	AUX
arjefm-1159	210	23	the	the	DET
arjefm-1159	210	24	sources	source	NOUN
arjefm-1159	210	25	of	of	ADP
arjefm-1159	210	26	the	the	DET
arjefm-1159	210	27	data	datum	NOUN
arjefm-1159	210	28	.	.	PUNCT
arjefm-1159	211	1	the	the	DET
arjefm-1159	211	2	dataset	dataset	NOUN
arjefm-1159	211	3	was	be	AUX
arjefm-1159	211	4	examined	examine	VERB
arjefm-1159	211	5	using	use	VERB
arjefm-1159	211	6	regression	regression	NOUN
arjefm-1159	211	7	analysis	analysis	NOUN
arjefm-1159	211	8	using	use	VERB
arjefm-1159	211	9	the	the	DET
arjefm-1159	211	10	ordinary	ordinary	ADJ
arjefm-1159	211	11	least	least	ADJ
arjefm-1159	211	12	square	square	ADJ
arjefm-1159	211	13	(	(	PUNCT
arjefm-1159	211	14	ols	ol	NOUN
arjefm-1159	211	15	)	)	PUNCT
arjefm-1159	211	16	approach	approach	NOUN
arjefm-1159	211	17	.	.	PUNCT
arjefm-1159	212	1	while	while	SCONJ
arjefm-1159	212	2	market	market	NOUN
arjefm-1159	212	3	capitalization	capitalization	NOUN
arjefm-1159	212	4	(	(	PUNCT
arjefm-1159	212	5	mcap	mcap	NOUN
arjefm-1159	212	6	)	)	PUNCT
arjefm-1159	212	7	,	,	PUNCT
arjefm-1159	212	8	the	the	DET
arjefm-1159	212	9	number	number	NOUN
arjefm-1159	212	10	of	of	ADP
arjefm-1159	212	11	deals	deal	NOUN
arjefm-1159	212	12	,	,	PUNCT
arjefm-1159	212	13	the	the	DET
arjefm-1159	212	14	all	all	DET
arjefm-1159	212	15	-	-	PUNCT
arjefm-1159	212	16	share	share	NOUN
arjefm-1159	212	17	index	index	NOUN
arjefm-1159	212	18	(	(	PUNCT
arjefm-1159	212	19	alsi	alsi	NOUN
arjefm-1159	212	20	)	)	PUNCT
arjefm-1159	212	21	,	,	PUNCT
arjefm-1159	212	22	and	and	CCONJ
arjefm-1159	212	23	the	the	DET
arjefm-1159	212	24	total	total	ADJ
arjefm-1159	212	25	value	value	NOUN
arjefm-1159	212	26	of	of	ADP
arjefm-1159	212	27	transactions	transaction	NOUN
arjefm-1159	212	28	(	(	PUNCT
arjefm-1159	212	29	tvt	tvt	NOUN
arjefm-1159	212	30	)	)	PUNCT
arjefm-1159	212	31	were	be	AUX
arjefm-1159	212	32	used	use	VERB
arjefm-1159	212	33	to	to	PART
arjefm-1159	212	34	gauge	gauge	VERB
arjefm-1159	212	35	the	the	DET
arjefm-1159	212	36	development	development	NOUN
arjefm-1159	212	37	of	of	ADP
arjefm-1159	212	38	the	the	DET
arjefm-1159	212	39	capital	capital	NOUN
arjefm-1159	212	40	market	market	NOUN
arjefm-1159	212	41	,	,	PUNCT
arjefm-1159	212	42	gdp	gdp	NOUN
arjefm-1159	212	43	was	be	AUX
arjefm-1159	212	44	used	use	VERB
arjefm-1159	212	45	to	to	PART
arjefm-1159	212	46	gauge	gauge	VERB
arjefm-1159	212	47	economic	economic	ADJ
arjefm-1159	212	48	growth	growth	NOUN
arjefm-1159	212	49	.	.	PUNCT
arjefm-1159	213	1	the	the	DET
arjefm-1159	213	2	findings	finding	NOUN
arjefm-1159	213	3	showed	show	VERB
arjefm-1159	213	4	a	a	DET
arjefm-1159	213	5	robust	robust	ADJ
arjefm-1159	213	6	relationship	relationship	NOUN
arjefm-1159	213	7	between	between	ADP
arjefm-1159	213	8	independent	independent	ADJ
arjefm-1159	213	9	variables	variable	NOUN
arjefm-1159	213	10	and	and	CCONJ
arjefm-1159	213	11	economic	economic	ADJ
arjefm-1159	213	12	growth	growth	NOUN
arjefm-1159	213	13	.	.	PUNCT
arjefm-1159	214	1	nathaniel	nathaniel	PROPN
arjefm-1159	214	2	,	,	PUNCT
arjefm-1159	214	3	et	et	PROPN
arjefm-1159	214	4	al	al	PROPN
arjefm-1159	214	5	.	.	PROPN
arjefm-1159	214	6	,	,	PUNCT
arjefm-1159	214	7	(	(	PUNCT
arjefm-1159	214	8	2020	2020	NUM
arjefm-1159	214	9	)	)	PUNCT
arjefm-1159	214	10	using	use	VERB
arjefm-1159	214	11	the	the	DET
arjefm-1159	214	12	regressive	regressive	ADJ
arjefm-1159	214	13	distributed	distribute	VERB
arjefm-1159	214	14	lag	lag	NOUN
arjefm-1159	214	15	(	(	PUNCT
arjefm-1159	214	16	rdl	rdl	NOUN
arjefm-1159	214	17	)	)	PUNCT
arjefm-1159	214	18	model	model	NOUN
arjefm-1159	214	19	,	,	PUNCT
arjefm-1159	214	20	analyzed	analyze	VERB
arjefm-1159	214	21	the	the	DET
arjefm-1159	214	22	nigerian	nigerian	ADJ
arjefm-1159	214	23	economy	economy	NOUN
arjefm-1159	214	24	from	from	ADP
arjefm-1159	214	25	1980	1980	NUM
arjefm-1159	214	26	to	to	ADP
arjefm-1159	214	27	2016	2016	NUM
arjefm-1159	214	28	.	.	PUNCT
arjefm-1159	215	1	their	their	PRON
arjefm-1159	215	2	findings	finding	NOUN
arjefm-1159	215	3	indicated	indicate	VERB
arjefm-1159	215	4	that	that	SCONJ
arjefm-1159	215	5	stock	stock	NOUN
arjefm-1159	215	6	markets	market	NOUN
arjefm-1159	215	7	contributed	contribute	VERB
arjefm-1159	215	8	positively	positively	ADV
arjefm-1159	215	9	to	to	ADP
arjefm-1159	215	10	economic	economic	ADJ
arjefm-1159	215	11	growth	growth	NOUN
arjefm-1159	215	12	and	and	CCONJ
arjefm-1159	215	13	innovation	innovation	NOUN
arjefm-1159	215	14	,	,	PUNCT
arjefm-1159	215	15	particularly	particularly	ADV
arjefm-1159	215	16	in	in	ADP
arjefm-1159	215	17	the	the	DET
arjefm-1159	215	18	short	short	ADJ
arjefm-1159	215	19	term	term	NOUN
arjefm-1159	215	20	.	.	PUNCT
arjefm-1159	216	1	while	while	SCONJ
arjefm-1159	216	2	trade	trade	NOUN
arjefm-1159	216	3	openness	openness	NOUN
arjefm-1159	216	4	showed	show	VERB
arjefm-1159	216	5	no	no	DET
arjefm-1159	216	6	significant	significant	ADJ
arjefm-1159	216	7	impact	impact	NOUN
arjefm-1159	216	8	in	in	ADP
arjefm-1159	216	9	the	the	DET
arjefm-1159	216	10	short	short	ADJ
arjefm-1159	216	11	run	run	NOUN
arjefm-1159	216	12	,	,	PUNCT
arjefm-1159	216	13	it	it	PRON
arjefm-1159	216	14	proved	prove	VERB
arjefm-1159	216	15	significant	significant	ADJ
arjefm-1159	216	16	in	in	ADP
arjefm-1159	216	17	the	the	DET
arjefm-1159	216	18	long	long	ADJ
arjefm-1159	216	19	run	run	NOUN
arjefm-1159	216	20	.	.	PUNCT
arjefm-1159	217	1	however	however	ADV
arjefm-1159	217	2	,	,	PUNCT
arjefm-1159	217	3	the	the	DET
arjefm-1159	217	4	study	study	NOUN
arjefm-1159	217	5	surprisingly	surprisingly	ADV
arjefm-1159	217	6	revealed	reveal	VERB
arjefm-1159	217	7	a	a	DET
arjefm-1159	217	8	negative	negative	ADJ
arjefm-1159	217	9	association	association	NOUN
arjefm-1159	217	10	between	between	ADP
arjefm-1159	217	11	trade	trade	NOUN
arjefm-1159	217	12	openness	openness	NOUN
arjefm-1159	217	13	and	and	CCONJ
arjefm-1159	217	14	economic	economic	ADJ
arjefm-1159	217	15	growth	growth	NOUN
arjefm-1159	217	16	within	within	ADP
arjefm-1159	217	17	the	the	DET
arjefm-1159	217	18	nigerian	nigerian	ADJ
arjefm-1159	217	19	context	context	NOUN
arjefm-1159	217	20	.	.	PUNCT
arjefm-1159	218	1	shravani	shravani	PROPN
arjefm-1159	218	2	and	and	CCONJ
arjefm-1159	218	3	sharma	sharma	PROPN
arjefm-1159	218	4	(	(	PUNCT
arjefm-1159	218	5	2020	2020	NUM
arjefm-1159	218	6	)	)	PUNCT
arjefm-1159	218	7	investigated	investigate	VERB
arjefm-1159	218	8	the	the	DET
arjefm-1159	218	9	link	link	NOUN
arjefm-1159	218	10	between	between	ADP
arjefm-1159	218	11	the	the	DET
arjefm-1159	218	12	indian	indian	ADJ
arjefm-1159	218	13	stock	stock	PROPN
arjefm-1159	218	14	exchange	exchange	PROPN
arjefm-1159	218	15	and	and	CCONJ
arjefm-1159	218	16	industrial	industrial	ADJ
arjefm-1159	218	17	production	production	NOUN
arjefm-1159	218	18	from	from	ADP
arjefm-1159	218	19	1996	1996	NUM
arjefm-1159	218	20	-	-	SYM
arjefm-1159	218	21	1997	1997	NUM
arjefm-1159	218	22	to	to	ADP
arjefm-1159	218	23	2015	2015	NUM
arjefm-1159	218	24	-	-	SYM
arjefm-1159	218	25	2016	2016	NUM
arjefm-1159	218	26	.	.	PUNCT
arjefm-1159	219	1	employing	employ	VERB
arjefm-1159	219	2	the	the	DET
arjefm-1159	219	3	autoregressive	autoregressive	ADJ
arjefm-1159	219	4	distributed	distribute	VERB
arjefm-1159	219	5	lag	lag	NOUN
arjefm-1159	219	6	estimator	estimator	NOUN
arjefm-1159	219	7	and	and	CCONJ
arjefm-1159	219	8	the	the	DET
arjefm-1159	219	9	vector	vector	NOUN
arjefm-1159	219	10	error	error	NOUN
arjefm-1159	219	11	correction	correction	NOUN
arjefm-1159	219	12	model	model	NOUN
arjefm-1159	219	13	,	,	PUNCT
arjefm-1159	219	14	their	their	PRON
arjefm-1159	219	15	research	research	NOUN
arjefm-1159	219	16	established	establish	VERB
arjefm-1159	219	17	a	a	DET
arjefm-1159	219	18	long	long	ADJ
arjefm-1159	219	19	-	-	PUNCT
arjefm-1159	219	20	term	term	NOUN
arjefm-1159	219	21	relationship	relationship	NOUN
arjefm-1159	219	22	between	between	ADP
arjefm-1159	219	23	the	the	DET
arjefm-1159	219	24	stock	stock	NOUN
arjefm-1159	219	25	market	market	NOUN
arjefm-1159	219	26	and	and	CCONJ
arjefm-1159	219	27	economic	economic	ADJ
arjefm-1159	219	28	growth	growth	NOUN
arjefm-1159	219	29	in	in	ADP
arjefm-1159	219	30	india	india	PROPN
arjefm-1159	219	31	.	.	PUNCT
arjefm-1159	220	1	mawanza	mawanza	PROPN
arjefm-1159	220	2	,	,	PUNCT
arjefm-1159	220	3	et	et	PROPN
arjefm-1159	220	4	al	al	PROPN
arjefm-1159	220	5	.	.	PROPN
arjefm-1159	220	6	,	,	PUNCT
arjefm-1159	220	7	(	(	PUNCT
arjefm-1159	220	8	2020	2020	NUM
arjefm-1159	220	9	)	)	PUNCT
arjefm-1159	220	10	studied	study	VERB
arjefm-1159	220	11	the	the	DET
arjefm-1159	220	12	zimbabwean	zimbabwean	PROPN
arjefm-1159	220	13	stock	stock	PROPN
arjefm-1159	220	14	exchange	exchange	PROPN
arjefm-1159	220	15	's	's	PART
arjefm-1159	220	16	impact	impact	NOUN
arjefm-1159	220	17	on	on	ADP
arjefm-1159	220	18	the	the	DET
arjefm-1159	220	19	economy	economy	NOUN
arjefm-1159	220	20	from	from	ADP
arjefm-1159	220	21	1980	1980	NUM
arjefm-1159	220	22	to	to	ADP
arjefm-1159	220	23	2018	2018	NUM
arjefm-1159	220	24	,	,	PUNCT
arjefm-1159	220	25	employing	employ	VERB
arjefm-1159	220	26	the	the	DET
arjefm-1159	220	27	ols	ol	NOUN
arjefm-1159	220	28	technique	technique	NOUN
arjefm-1159	220	29	for	for	ADP
arjefm-1159	220	30	analysis	analysis	NOUN
arjefm-1159	220	31	.	.	PUNCT
arjefm-1159	221	1	their	their	PRON
arjefm-1159	221	2	findings	finding	NOUN
arjefm-1159	221	3	revealed	reveal	VERB
arjefm-1159	221	4	a	a	DET
arjefm-1159	221	5	mixed	mixed	ADJ
arjefm-1159	221	6	relationship	relationship	NOUN
arjefm-1159	221	7	between	between	ADP
arjefm-1159	221	8	the	the	DET
arjefm-1159	221	9	stock	stock	NOUN
arjefm-1159	221	10	exchange	exchange	NOUN
arjefm-1159	221	11	and	and	CCONJ
arjefm-1159	221	12	economic	economic	ADJ
arjefm-1159	221	13	growth	growth	NOUN
arjefm-1159	221	14	.	.	PUNCT
arjefm-1159	222	1	however	however	ADV
arjefm-1159	222	2	,	,	PUNCT
arjefm-1159	222	3	further	further	ADJ
arjefm-1159	222	4	research	research	NOUN
arjefm-1159	222	5	confirmed	confirm	VERB
arjefm-1159	222	6	a	a	DET
arjefm-1159	222	7	positive	positive	ADJ
arjefm-1159	222	8	mailto:contact@americaserial.com	mailto:contact@americaserial.com	NOUN
arjefm-1159	222	9	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	222	10	american	american	PROPN
arjefm-1159	222	11	research	research	PROPN
arjefm-1159	222	12	journal	journal	PROPN
arjefm-1159	222	13	of	of	ADP
arjefm-1159	222	14	economics	economic	NOUN
arjefm-1159	222	15	,	,	PUNCT
arjefm-1159	222	16	finance	finance	NOUN
arjefm-1159	222	17	and	and	CCONJ
arjefm-1159	222	18	management	management	NOUN
arjefm-1159	222	19	volume	volume	NOUN
arjefm-1159	222	20	12	12	NUM
arjefm-1159	222	21	issue	issue	NOUN
arjefm-1159	222	22	3	3	NUM
arjefm-1159	222	23	,	,	PUNCT
arjefm-1159	222	24	july	july	PROPN
arjefm-1159	222	25	-	-	PUNCT
arjefm-1159	222	26	september	september	PROPN
arjefm-1159	222	27	2024	2024	NUM
arjefm-1159	222	28	issn	issn	NOUN
arjefm-1159	222	29	:	:	PUNCT
arjefm-1159	222	30	2836	2836	NUM
arjefm-1159	222	31	-	-	SYM
arjefm-1159	222	32	9416	9416	NUM
arjefm-1159	222	33	impact	impact	NOUN
arjefm-1159	222	34	factor	factor	NOUN
arjefm-1159	222	35	:	:	PUNCT
arjefm-1159	222	36	4.85	4.85	NUM
arjefm-1159	222	37	journal	journal	NOUN
arjefm-1159	222	38	homepage	homepage	NOUN
arjefm-1159	222	39	:	:	PUNCT
arjefm-1159	222	40	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	222	41	,	,	PUNCT
arjefm-1159	222	42	email	email	NOUN
arjefm-1159	222	43	:	:	PUNCT
arjefm-1159	222	44	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	222	45	official	official	ADJ
arjefm-1159	222	46	journal	journal	PROPN
arjefm-1159	222	47	of	of	ADP
arjefm-1159	222	48	america	america	PROPN
arjefm-1159	222	49	serial	serial	PROPN
arjefm-1159	222	50	publication	publication	NOUN
arjefm-1159	222	51	american	american	PROPN
arjefm-1159	222	52	research	research	PROPN
arjefm-1159	222	53	journal	journal	PROPN
arjefm-1159	222	54	of	of	ADP
arjefm-1159	222	55	economics	economic	NOUN
arjefm-1159	222	56	,	,	PUNCT
arjefm-1159	222	57	finance	finance	NOUN
arjefm-1159	222	58	and	and	CCONJ
arjefm-1159	222	59	management	management	NOUN
arjefm-1159	222	60	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	222	61	,	,	PUNCT
arjefm-1159	222	62	email	email	NOUN
arjefm-1159	222	63	:	:	PUNCT
arjefm-1159	222	64	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	223	1	117	117	NUM
arjefm-1159	224	1	|	|	ADV
arjefm-1159	224	2	p	p	ADP
arjefm-1159	224	3	a	a	DET
arjefm-1159	224	4	g	g	NOUN
arjefm-1159	224	5	e	e	NOUN
arjefm-1159	224	6	link	link	NOUN
arjefm-1159	224	7	between	between	ADP
arjefm-1159	224	8	stock	stock	NOUN
arjefm-1159	224	9	market	market	NOUN
arjefm-1159	224	10	capitalization	capitalization	NOUN
arjefm-1159	224	11	and	and	CCONJ
arjefm-1159	224	12	foreign	foreign	ADJ
arjefm-1159	224	13	direct	direct	ADJ
arjefm-1159	224	14	investment	investment	NOUN
arjefm-1159	224	15	,	,	PUNCT
arjefm-1159	224	16	which	which	PRON
arjefm-1159	224	17	positively	positively	ADV
arjefm-1159	224	18	impacted	impact	VERB
arjefm-1159	224	19	economic	economic	ADJ
arjefm-1159	224	20	development	development	NOUN
arjefm-1159	224	21	.	.	PUNCT
arjefm-1159	225	1	shoko	shoko	PROPN
arjefm-1159	225	2	,	,	PUNCT
arjefm-1159	225	3	et	et	PROPN
arjefm-1159	225	4	al	al	PROPN
arjefm-1159	225	5	.	.	PROPN
arjefm-1159	225	6	,	,	PUNCT
arjefm-1159	225	7	(	(	PUNCT
arjefm-1159	225	8	2020	2020	NUM
arjefm-1159	225	9	)	)	PUNCT
arjefm-1159	225	10	utilizing	utilize	VERB
arjefm-1159	225	11	ardl	ardl	NOUN
arjefm-1159	225	12	analyzed	analyze	VERB
arjefm-1159	225	13	the	the	DET
arjefm-1159	225	14	zimbabwean	zimbabwean	ADJ
arjefm-1159	225	15	economy	economy	NOUN
arjefm-1159	225	16	by	by	ADP
arjefm-1159	225	17	incorporating	incorporate	VERB
arjefm-1159	225	18	variables	variable	NOUN
arjefm-1159	225	19	such	such	ADJ
arjefm-1159	225	20	as	as	ADP
arjefm-1159	225	21	money	money	NOUN
arjefm-1159	225	22	supply	supply	NOUN
arjefm-1159	225	23	,	,	PUNCT
arjefm-1159	225	24	interest	interest	NOUN
arjefm-1159	225	25	rates	rate	NOUN
arjefm-1159	225	26	,	,	PUNCT
arjefm-1159	225	27	exchange	exchange	NOUN
arjefm-1159	225	28	rates	rate	NOUN
arjefm-1159	225	29	,	,	PUNCT
arjefm-1159	225	30	and	and	CCONJ
arjefm-1159	225	31	gdp	gdp	NOUN
arjefm-1159	225	32	.	.	PUNCT
arjefm-1159	226	1	their	their	PRON
arjefm-1159	226	2	findings	finding	NOUN
arjefm-1159	226	3	revealed	reveal	VERB
arjefm-1159	226	4	that	that	SCONJ
arjefm-1159	226	5	only	only	ADV
arjefm-1159	226	6	the	the	DET
arjefm-1159	226	7	exchange	exchange	NOUN
arjefm-1159	226	8	rate	rate	NOUN
arjefm-1159	226	9	exhibited	exhibit	VERB
arjefm-1159	226	10	a	a	DET
arjefm-1159	226	11	significant	significant	ADJ
arjefm-1159	226	12	positive	positive	ADJ
arjefm-1159	226	13	relationship	relationship	NOUN
arjefm-1159	226	14	with	with	ADP
arjefm-1159	226	15	economic	economic	ADJ
arjefm-1159	226	16	growth	growth	NOUN
arjefm-1159	226	17	in	in	ADP
arjefm-1159	226	18	the	the	DET
arjefm-1159	226	19	long	long	ADJ
arjefm-1159	226	20	term	term	NOUN
arjefm-1159	226	21	.	.	PUNCT
arjefm-1159	227	1	inflation	inflation	NOUN
arjefm-1159	227	2	showed	show	VERB
arjefm-1159	227	3	no	no	DET
arjefm-1159	227	4	significant	significant	ADJ
arjefm-1159	227	5	relationship	relationship	NOUN
arjefm-1159	227	6	with	with	ADP
arjefm-1159	227	7	economic	economic	ADJ
arjefm-1159	227	8	growth	growth	NOUN
arjefm-1159	227	9	.	.	PUNCT
arjefm-1159	228	1	while	while	SCONJ
arjefm-1159	228	2	gdp	gdp	NOUN
arjefm-1159	228	3	,	,	PUNCT
arjefm-1159	228	4	money	money	NOUN
arjefm-1159	228	5	supply	supply	NOUN
arjefm-1159	228	6	,	,	PUNCT
arjefm-1159	228	7	and	and	CCONJ
arjefm-1159	228	8	interest	interest	NOUN
arjefm-1159	228	9	rates	rate	NOUN
arjefm-1159	228	10	demonstrated	demonstrate	VERB
arjefm-1159	228	11	insignificant	insignificant	ADJ
arjefm-1159	228	12	relationships	relationship	NOUN
arjefm-1159	228	13	with	with	ADP
arjefm-1159	228	14	economic	economic	ADJ
arjefm-1159	228	15	growth	growth	NOUN
arjefm-1159	228	16	,	,	PUNCT
arjefm-1159	228	17	the	the	DET
arjefm-1159	228	18	study	study	NOUN
arjefm-1159	228	19	observed	observe	VERB
arjefm-1159	228	20	a	a	DET
arjefm-1159	228	21	bidirectional	bidirectional	ADJ
arjefm-1159	228	22	causality	causality	NOUN
arjefm-1159	228	23	between	between	ADP
arjefm-1159	228	24	the	the	DET
arjefm-1159	228	25	stock	stock	NOUN
arjefm-1159	228	26	market	market	NOUN
arjefm-1159	228	27	and	and	CCONJ
arjefm-1159	228	28	real	real	ADJ
arjefm-1159	228	29	gdp	gdp	NOUN
arjefm-1159	228	30	,	,	PUNCT
arjefm-1159	228	31	and	and	CCONJ
arjefm-1159	228	32	a	a	DET
arjefm-1159	228	33	unidirectional	unidirectional	ADJ
arjefm-1159	228	34	causality	causality	NOUN
arjefm-1159	228	35	from	from	ADP
arjefm-1159	228	36	the	the	DET
arjefm-1159	228	37	stock	stock	NOUN
arjefm-1159	228	38	market	market	NOUN
arjefm-1159	228	39	to	to	ADP
arjefm-1159	228	40	interest	interest	NOUN
arjefm-1159	228	41	rates	rate	NOUN
arjefm-1159	228	42	.	.	PUNCT
arjefm-1159	229	1	okisa	okisa	NOUN
arjefm-1159	229	2	(	(	PUNCT
arjefm-1159	229	3	2022	2022	NUM
arjefm-1159	229	4	)	)	PUNCT
arjefm-1159	229	5	analyzed	analyze	VERB
arjefm-1159	229	6	impact	impact	NOUN
arjefm-1159	229	7	of	of	ADP
arjefm-1159	229	8	stock	stock	NOUN
arjefm-1159	229	9	market	market	NOUN
arjefm-1159	229	10	capitalization	capitalization	NOUN
arjefm-1159	229	11	on	on	ADP
arjefm-1159	229	12	economic	economic	ADJ
arjefm-1159	229	13	growth	growth	NOUN
arjefm-1159	229	14	in	in	ADP
arjefm-1159	229	15	kenya	kenya	PROPN
arjefm-1159	229	16	from	from	ADP
arjefm-1159	229	17	1990	1990	NUM
arjefm-1159	229	18	to	to	ADP
arjefm-1159	229	19	2021	2021	NUM
arjefm-1159	229	20	,	,	PUNCT
arjefm-1159	229	21	guided	guide	VERB
arjefm-1159	229	22	by	by	ADP
arjefm-1159	229	23	neoclassical	neoclassical	ADJ
arjefm-1159	229	24	endogenous	endogenous	ADJ
arjefm-1159	229	25	growth	growth	NOUN
arjefm-1159	229	26	theory	theory	NOUN
arjefm-1159	229	27	.	.	PUNCT
arjefm-1159	230	1	utilizing	utilize	VERB
arjefm-1159	230	2	data	datum	NOUN
arjefm-1159	230	3	from	from	ADP
arjefm-1159	230	4	the	the	DET
arjefm-1159	230	5	kenya	kenya	PROPN
arjefm-1159	230	6	national	national	PROPN
arjefm-1159	230	7	bureau	bureau	PROPN
arjefm-1159	230	8	of	of	ADP
arjefm-1159	230	9	statistics	statistic	NOUN
arjefm-1159	230	10	and	and	CCONJ
arjefm-1159	230	11	the	the	DET
arjefm-1159	230	12	international	international	ADJ
arjefm-1159	230	13	financial	financial	ADJ
arjefm-1159	230	14	statistics	statistic	NOUN
arjefm-1159	230	15	,	,	PUNCT
arjefm-1159	230	16	the	the	DET
arjefm-1159	230	17	study	study	NOUN
arjefm-1159	230	18	employed	employ	VERB
arjefm-1159	230	19	a	a	DET
arjefm-1159	230	20	vector	vector	NOUN
arjefm-1159	230	21	error	error	NOUN
arjefm-1159	230	22	correction	correction	NOUN
arjefm-1159	230	23	model	model	NOUN
arjefm-1159	230	24	after	after	ADP
arjefm-1159	230	25	conducting	conduct	VERB
arjefm-1159	230	26	unit	unit	NOUN
arjefm-1159	230	27	root	root	NOUN
arjefm-1159	230	28	tests	test	NOUN
arjefm-1159	230	29	and	and	CCONJ
arjefm-1159	230	30	johansen	johansen	PROPN
arjefm-1159	230	31	co	co	PROPN
arjefm-1159	230	32	-	-	NOUN
arjefm-1159	230	33	integration	integration	NOUN
arjefm-1159	230	34	tests	test	NOUN
arjefm-1159	230	35	.	.	PUNCT
arjefm-1159	231	1	the	the	DET
arjefm-1159	231	2	findings	finding	NOUN
arjefm-1159	231	3	revealed	reveal	VERB
arjefm-1159	231	4	a	a	DET
arjefm-1159	231	5	significant	significant	ADJ
arjefm-1159	231	6	negative	negative	ADJ
arjefm-1159	231	7	long	long	ADJ
arjefm-1159	231	8	-	-	PUNCT
arjefm-1159	231	9	run	run	NOUN
arjefm-1159	231	10	relationship	relationship	NOUN
arjefm-1159	231	11	between	between	ADP
arjefm-1159	231	12	stock	stock	NOUN
arjefm-1159	231	13	market	market	NOUN
arjefm-1159	231	14	capitalization	capitalization	NOUN
arjefm-1159	231	15	and	and	CCONJ
arjefm-1159	231	16	economic	economic	ADJ
arjefm-1159	231	17	growth	growth	NOUN
arjefm-1159	231	18	in	in	ADP
arjefm-1159	231	19	kenya	kenya	PROPN
arjefm-1159	231	20	.	.	PUNCT
arjefm-1159	232	1	yakubu	yakubu	PROPN
arjefm-1159	232	2	's	's	PART
arjefm-1159	232	3	2023	2023	NUM
arjefm-1159	232	4	study	study	NOUN
arjefm-1159	232	5	examined	examine	VERB
arjefm-1159	232	6	impact	impact	NOUN
arjefm-1159	232	7	of	of	ADP
arjefm-1159	232	8	capital	capital	NOUN
arjefm-1159	232	9	market	market	NOUN
arjefm-1159	232	10	size	size	NOUN
arjefm-1159	232	11	on	on	ADP
arjefm-1159	232	12	nigeria	nigeria	PROPN
arjefm-1159	232	13	's	's	PART
arjefm-1159	232	14	economic	economic	ADJ
arjefm-1159	232	15	growth	growth	NOUN
arjefm-1159	232	16	from	from	ADP
arjefm-1159	232	17	1990	1990	NUM
arjefm-1159	232	18	to	to	ADP
arjefm-1159	232	19	2021	2021	NUM
arjefm-1159	232	20	.	.	PUNCT
arjefm-1159	233	1	employing	employ	VERB
arjefm-1159	233	2	ols	ol	NOUN
arjefm-1159	233	3	method	method	NOUN
arjefm-1159	233	4	,	,	PUNCT
arjefm-1159	233	5	the	the	DET
arjefm-1159	233	6	research	research	NOUN
arjefm-1159	233	7	found	find	VERB
arjefm-1159	233	8	a	a	DET
arjefm-1159	233	9	positive	positive	ADJ
arjefm-1159	233	10	relationship	relationship	NOUN
arjefm-1159	233	11	between	between	ADP
arjefm-1159	233	12	these	these	DET
arjefm-1159	233	13	factors	factor	NOUN
arjefm-1159	233	14	.	.	PUNCT
arjefm-1159	234	1	this	this	DET
arjefm-1159	234	2	relationship	relationship	NOUN
arjefm-1159	234	3	was	be	AUX
arjefm-1159	234	4	found	find	VERB
arjefm-1159	234	5	to	to	PART
arjefm-1159	234	6	be	be	AUX
arjefm-1159	234	7	long	long	ADV
arjefm-1159	234	8	-	-	PUNCT
arjefm-1159	234	9	lasting	last	VERB
arjefm-1159	234	10	,	,	PUNCT
arjefm-1159	234	11	and	and	CCONJ
arjefm-1159	234	12	the	the	DET
arjefm-1159	234	13	study	study	NOUN
arjefm-1159	234	14	further	far	ADV
arjefm-1159	234	15	revealed	reveal	VERB
arjefm-1159	234	16	that	that	SCONJ
arjefm-1159	234	17	capital	capital	NOUN
arjefm-1159	234	18	market	market	NOUN
arjefm-1159	234	19	growth	growth	NOUN
arjefm-1159	234	20	significantly	significantly	ADV
arjefm-1159	234	21	influenced	influence	VERB
arjefm-1159	234	22	economic	economic	ADJ
arjefm-1159	234	23	growth	growth	NOUN
arjefm-1159	234	24	in	in	ADP
arjefm-1159	234	25	nigeria	nigeria	PROPN
arjefm-1159	234	26	.	.	PUNCT
arjefm-1159	235	1	chikwira	chikwira	PROPN
arjefm-1159	235	2	(	(	PUNCT
arjefm-1159	235	3	2023	2023	NUM
arjefm-1159	235	4	)	)	PUNCT
arjefm-1159	235	5	using	use	VERB
arjefm-1159	235	6	a	a	DET
arjefm-1159	235	7	var	var	NOUN
arjefm-1159	235	8	model	model	NOUN
arjefm-1159	235	9	,	,	PUNCT
arjefm-1159	235	10	assessed	assessed	ADJ
arjefm-1159	235	11	interplay	interplay	NOUN
arjefm-1159	235	12	between	between	ADP
arjefm-1159	235	13	the	the	DET
arjefm-1159	235	14	stock	stock	NOUN
arjefm-1159	235	15	market	market	NOUN
arjefm-1159	235	16	,	,	PUNCT
arjefm-1159	235	17	liquidity	liquidity	NOUN
arjefm-1159	235	18	,	,	PUNCT
arjefm-1159	235	19	and	and	CCONJ
arjefm-1159	235	20	economic	economic	ADJ
arjefm-1159	235	21	growth	growth	NOUN
arjefm-1159	235	22	in	in	ADP
arjefm-1159	235	23	zimbabwe	zimbabwe	PROPN
arjefm-1159	235	24	from	from	ADP
arjefm-1159	235	25	2013	2013	NUM
arjefm-1159	235	26	to	to	ADP
arjefm-1159	235	27	2022	2022	NUM
arjefm-1159	235	28	.	.	PUNCT
arjefm-1159	236	1	while	while	SCONJ
arjefm-1159	236	2	the	the	DET
arjefm-1159	236	3	study	study	NOUN
arjefm-1159	236	4	found	find	VERB
arjefm-1159	236	5	a	a	DET
arjefm-1159	236	6	significant	significant	ADJ
arjefm-1159	236	7	positive	positive	ADJ
arjefm-1159	236	8	link	link	NOUN
arjefm-1159	236	9	between	between	ADP
arjefm-1159	236	10	the	the	DET
arjefm-1159	236	11	stock	stock	NOUN
arjefm-1159	236	12	market	market	NOUN
arjefm-1159	236	13	and	and	CCONJ
arjefm-1159	236	14	economic	economic	ADJ
arjefm-1159	236	15	growth	growth	NOUN
arjefm-1159	236	16	,	,	PUNCT
arjefm-1159	236	17	it	it	PRON
arjefm-1159	236	18	revealed	reveal	VERB
arjefm-1159	236	19	that	that	SCONJ
arjefm-1159	236	20	stock	stock	NOUN
arjefm-1159	236	21	market	market	NOUN
arjefm-1159	236	22	liquidity	liquidity	NOUN
arjefm-1159	236	23	had	have	VERB
arjefm-1159	236	24	a	a	DET
arjefm-1159	236	25	negligible	negligible	ADJ
arjefm-1159	236	26	impact	impact	NOUN
arjefm-1159	236	27	on	on	ADP
arjefm-1159	236	28	zimbabwe	zimbabwe	PROPN
arjefm-1159	236	29	's	's	PART
arjefm-1159	236	30	economic	economic	ADJ
arjefm-1159	236	31	development	development	NOUN
arjefm-1159	236	32	during	during	ADP
arjefm-1159	236	33	this	this	DET
arjefm-1159	236	34	period	period	NOUN
arjefm-1159	236	35	.	.	PUNCT
arjefm-1159	237	1	olusegun	olusegun	NOUN
arjefm-1159	237	2	and	and	CCONJ
arjefm-1159	237	3	ajao	ajao	NOUN
arjefm-1159	237	4	(	(	PUNCT
arjefm-1159	237	5	2024	2024	NUM
arjefm-1159	237	6	)	)	PUNCT
arjefm-1159	237	7	studied	study	VERB
arjefm-1159	237	8	the	the	DET
arjefm-1159	237	9	link	link	NOUN
arjefm-1159	237	10	between	between	ADP
arjefm-1159	237	11	capital	capital	NOUN
arjefm-1159	237	12	market	market	NOUN
arjefm-1159	237	13	development	development	NOUN
arjefm-1159	237	14	and	and	CCONJ
arjefm-1159	237	15	economic	economic	ADJ
arjefm-1159	237	16	growth	growth	NOUN
arjefm-1159	237	17	in	in	ADP
arjefm-1159	237	18	nigeria	nigeria	PROPN
arjefm-1159	237	19	from	from	ADP
arjefm-1159	237	20	2003	2003	NUM
arjefm-1159	237	21	to	to	ADP
arjefm-1159	237	22	2022	2022	NUM
arjefm-1159	237	23	.	.	PUNCT
arjefm-1159	238	1	using	use	VERB
arjefm-1159	238	2	market	market	NOUN
arjefm-1159	238	3	capitalization	capitalization	NOUN
arjefm-1159	238	4	as	as	ADP
arjefm-1159	238	5	a	a	DET
arjefm-1159	238	6	proxy	proxy	NOUN
arjefm-1159	238	7	for	for	ADP
arjefm-1159	238	8	stock	stock	NOUN
arjefm-1159	238	9	market	market	NOUN
arjefm-1159	238	10	development	development	NOUN
arjefm-1159	238	11	and	and	CCONJ
arjefm-1159	238	12	real	real	ADJ
arjefm-1159	238	13	gdp	gdp	NOUN
arjefm-1159	238	14	for	for	ADP
arjefm-1159	238	15	economic	economic	ADJ
arjefm-1159	238	16	growth	growth	NOUN
arjefm-1159	238	17	,	,	PUNCT
arjefm-1159	238	18	they	they	PRON
arjefm-1159	238	19	employed	employ	VERB
arjefm-1159	238	20	multiple	multiple	ADJ
arjefm-1159	238	21	regression	regression	NOUN
arjefm-1159	238	22	analysis	analysis	NOUN
arjefm-1159	238	23	.	.	PUNCT
arjefm-1159	239	1	their	their	PRON
arjefm-1159	239	2	findings	finding	NOUN
arjefm-1159	239	3	indicated	indicate	VERB
arjefm-1159	239	4	a	a	DET
arjefm-1159	239	5	weak	weak	ADJ
arjefm-1159	239	6	but	but	CCONJ
arjefm-1159	239	7	positive	positive	ADJ
arjefm-1159	239	8	relationship	relationship	NOUN
arjefm-1159	239	9	between	between	ADP
arjefm-1159	239	10	stock	stock	NOUN
arjefm-1159	239	11	market	market	NOUN
arjefm-1159	239	12	development	development	NOUN
arjefm-1159	239	13	and	and	CCONJ
arjefm-1159	239	14	economic	economic	ADJ
arjefm-1159	239	15	growth	growth	NOUN
arjefm-1159	239	16	in	in	ADP
arjefm-1159	239	17	nigeria	nigeria	PROPN
arjefm-1159	239	18	during	during	ADP
arjefm-1159	239	19	the	the	DET
arjefm-1159	239	20	study	study	NOUN
arjefm-1159	239	21	period	period	NOUN
arjefm-1159	239	22	.	.	PUNCT
arjefm-1159	240	1	gap	gap	NOUN
arjefm-1159	240	2	in	in	ADP
arjefm-1159	240	3	empirical	empirical	ADJ
arjefm-1159	240	4	literature	literature	NOUN
arjefm-1159	240	5	this	this	DET
arjefm-1159	240	6	study	study	NOUN
arjefm-1159	240	7	addresses	address	VERB
arjefm-1159	240	8	several	several	ADJ
arjefm-1159	240	9	empirical	empirical	ADJ
arjefm-1159	240	10	gaps	gap	NOUN
arjefm-1159	240	11	identified	identify	VERB
arjefm-1159	240	12	in	in	ADP
arjefm-1159	240	13	previous	previous	ADJ
arjefm-1159	240	14	research	research	NOUN
arjefm-1159	240	15	on	on	ADP
arjefm-1159	240	16	effect	effect	NOUN
arjefm-1159	240	17	of	of	ADP
arjefm-1159	240	18	capital	capital	NOUN
arjefm-1159	240	19	market	market	NOUN
arjefm-1159	240	20	development	development	NOUN
arjefm-1159	240	21	and	and	CCONJ
arjefm-1159	240	22	economic	economic	ADJ
arjefm-1159	240	23	growth	growth	NOUN
arjefm-1159	240	24	.	.	PUNCT
arjefm-1159	241	1	firstly	firstly	ADV
arjefm-1159	241	2	,	,	PUNCT
arjefm-1159	241	3	it	it	PRON
arjefm-1159	241	4	focuses	focus	VERB
arjefm-1159	241	5	specifically	specifically	ADV
arjefm-1159	241	6	on	on	ADP
arjefm-1159	241	7	the	the	DET
arjefm-1159	241	8	impact	impact	NOUN
arjefm-1159	241	9	of	of	ADP
arjefm-1159	241	10	market	market	NOUN
arjefm-1159	241	11	capitalization	capitalization	NOUN
arjefm-1159	241	12	and	and	CCONJ
arjefm-1159	241	13	all	all	DET
arjefm-1159	241	14	-	-	PUNCT
arjefm-1159	241	15	share	share	NOUN
arjefm-1159	241	16	index	index	NOUN
arjefm-1159	241	17	dynamics	dynamic	NOUN
arjefm-1159	241	18	on	on	ADP
arjefm-1159	241	19	gdp	gdp	NOUN
arjefm-1159	241	20	growth	growth	NOUN
arjefm-1159	241	21	rate	rate	NOUN
arjefm-1159	241	22	.	.	PUNCT
arjefm-1159	242	1	secondly	secondly	ADV
arjefm-1159	242	2	,	,	PUNCT
arjefm-1159	242	3	the	the	DET
arjefm-1159	242	4	study	study	NOUN
arjefm-1159	242	5	covers	cover	VERB
arjefm-1159	242	6	a	a	DET
arjefm-1159	242	7	period	period	NOUN
arjefm-1159	242	8	from	from	ADP
arjefm-1159	242	9	1986	1986	NUM
arjefm-1159	242	10	to	to	ADP
arjefm-1159	242	11	2023	2023	NUM
arjefm-1159	242	12	,	,	PUNCT
arjefm-1159	242	13	a	a	DET
arjefm-1159	242	14	significant	significant	ADJ
arjefm-1159	242	15	timeframe	timeframe	NOUN
arjefm-1159	242	16	in	in	ADP
arjefm-1159	242	17	nigerian	nigerian	ADJ
arjefm-1159	242	18	economic	economic	ADJ
arjefm-1159	242	19	history	history	NOUN
arjefm-1159	242	20	marked	mark	VERB
arjefm-1159	242	21	by	by	ADP
arjefm-1159	242	22	the	the	DET
arjefm-1159	242	23	implementation	implementation	NOUN
arjefm-1159	242	24	of	of	ADP
arjefm-1159	242	25	structural	structural	ADJ
arjefm-1159	242	26	adjustment	adjustment	NOUN
arjefm-1159	242	27	programs	program	NOUN
arjefm-1159	242	28	.	.	PUNCT
arjefm-1159	243	1	this	this	PRON
arjefm-1159	243	2	allows	allow	VERB
arjefm-1159	243	3	for	for	ADP
arjefm-1159	243	4	an	an	DET
arjefm-1159	243	5	analysis	analysis	NOUN
arjefm-1159	243	6	of	of	ADP
arjefm-1159	243	7	how	how	SCONJ
arjefm-1159	243	8	capital	capital	NOUN
arjefm-1159	243	9	market	market	NOUN
arjefm-1159	243	10	development	development	NOUN
arjefm-1159	243	11	has	have	AUX
arjefm-1159	243	12	contributed	contribute	VERB
arjefm-1159	243	13	to	to	ADP
arjefm-1159	243	14	economic	economic	ADJ
arjefm-1159	243	15	recovery	recovery	NOUN
arjefm-1159	243	16	and	and	CCONJ
arjefm-1159	243	17	transformation	transformation	NOUN
arjefm-1159	243	18	since	since	SCONJ
arjefm-1159	243	19	this	this	DET
arjefm-1159	243	20	pivotal	pivotal	ADJ
arjefm-1159	243	21	period	period	NOUN
arjefm-1159	243	22	.	.	PUNCT
arjefm-1159	244	1	thirdly	thirdly	ADV
arjefm-1159	244	2	,	,	PUNCT
arjefm-1159	244	3	the	the	DET
arjefm-1159	244	4	study	study	NOUN
arjefm-1159	244	5	employs	employ	VERB
arjefm-1159	244	6	specific	specific	ADJ
arjefm-1159	244	7	proxies	proxy	NOUN
arjefm-1159	244	8	for	for	ADP
arjefm-1159	244	9	the	the	DET
arjefm-1159	244	10	dependent	dependent	ADJ
arjefm-1159	244	11	and	and	CCONJ
arjefm-1159	244	12	independent	independent	ADJ
arjefm-1159	244	13	variables	variable	NOUN
arjefm-1159	244	14	,	,	PUNCT
arjefm-1159	244	15	using	use	VERB
arjefm-1159	244	16	gdp	gdp	NOUN
arjefm-1159	244	17	growth	growth	NOUN
arjefm-1159	244	18	rate	rate	NOUN
arjefm-1159	244	19	as	as	ADP
arjefm-1159	244	20	the	the	DET
arjefm-1159	244	21	dependent	dependent	ADJ
arjefm-1159	244	22	variable	variable	NOUN
arjefm-1159	244	23	and	and	CCONJ
arjefm-1159	244	24	market	market	NOUN
arjefm-1159	244	25	capitalization	capitalization	NOUN
arjefm-1159	244	26	and	and	CCONJ
arjefm-1159	244	27	all	all	DET
arjefm-1159	244	28	-	-	PUNCT
arjefm-1159	244	29	share	share	NOUN
arjefm-1159	244	30	index	index	NOUN
arjefm-1159	244	31	as	as	ADP
arjefm-1159	244	32	independent	independent	ADJ
arjefm-1159	244	33	variables	variable	NOUN
arjefm-1159	244	34	,	,	PUNCT
arjefm-1159	244	35	while	while	SCONJ
arjefm-1159	244	36	controlling	control	VERB
arjefm-1159	244	37	for	for	ADP
arjefm-1159	244	38	interest	interest	NOUN
arjefm-1159	244	39	and	and	CCONJ
arjefm-1159	244	40	inflation	inflation	NOUN
arjefm-1159	244	41	rates	rate	NOUN
arjefm-1159	244	42	.	.	PUNCT
arjefm-1159	245	1	finally	finally	ADV
arjefm-1159	245	2	,	,	PUNCT
arjefm-1159	245	3	this	this	DET
arjefm-1159	245	4	study	study	NOUN
arjefm-1159	245	5	contributes	contribute	VERB
arjefm-1159	245	6	to	to	ADP
arjefm-1159	245	7	filling	fill	VERB
arjefm-1159	245	8	a	a	DET
arjefm-1159	245	9	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	245	10	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	245	11	american	american	PROPN
arjefm-1159	245	12	research	research	PROPN
arjefm-1159	245	13	journal	journal	PROPN
arjefm-1159	245	14	of	of	ADP
arjefm-1159	245	15	economics	economic	NOUN
arjefm-1159	245	16	,	,	PUNCT
arjefm-1159	245	17	finance	finance	NOUN
arjefm-1159	245	18	and	and	CCONJ
arjefm-1159	245	19	management	management	NOUN
arjefm-1159	245	20	volume	volume	NOUN
arjefm-1159	245	21	12	12	NUM
arjefm-1159	245	22	issue	issue	NOUN
arjefm-1159	245	23	3	3	NUM
arjefm-1159	245	24	,	,	PUNCT
arjefm-1159	245	25	july	july	PROPN
arjefm-1159	245	26	-	-	PUNCT
arjefm-1159	245	27	september	september	PROPN
arjefm-1159	245	28	2024	2024	NUM
arjefm-1159	245	29	issn	issn	NOUN
arjefm-1159	245	30	:	:	PUNCT
arjefm-1159	245	31	2836	2836	NUM
arjefm-1159	245	32	-	-	SYM
arjefm-1159	245	33	9416	9416	NUM
arjefm-1159	245	34	impact	impact	NOUN
arjefm-1159	245	35	factor	factor	NOUN
arjefm-1159	245	36	:	:	PUNCT
arjefm-1159	245	37	4.85	4.85	NUM
arjefm-1159	245	38	journal	journal	NOUN
arjefm-1159	245	39	homepage	homepage	NOUN
arjefm-1159	245	40	:	:	PUNCT
arjefm-1159	245	41	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	245	42	,	,	PUNCT
arjefm-1159	245	43	email	email	NOUN
arjefm-1159	245	44	:	:	PUNCT
arjefm-1159	245	45	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	245	46	official	official	ADJ
arjefm-1159	245	47	journal	journal	PROPN
arjefm-1159	245	48	of	of	ADP
arjefm-1159	245	49	america	america	PROPN
arjefm-1159	245	50	serial	serial	PROPN
arjefm-1159	245	51	publication	publication	NOUN
arjefm-1159	245	52	american	american	PROPN
arjefm-1159	245	53	research	research	PROPN
arjefm-1159	245	54	journal	journal	PROPN
arjefm-1159	245	55	of	of	ADP
arjefm-1159	245	56	economics	economic	NOUN
arjefm-1159	245	57	,	,	PUNCT
arjefm-1159	245	58	finance	finance	NOUN
arjefm-1159	245	59	and	and	CCONJ
arjefm-1159	245	60	management	management	NOUN
arjefm-1159	245	61	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	245	62	,	,	PUNCT
arjefm-1159	245	63	email	email	NOUN
arjefm-1159	245	64	:	:	PUNCT
arjefm-1159	245	65	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	246	1	118	118	NUM
arjefm-1159	247	1	|	|	ADV
arjefm-1159	247	2	p	p	X
arjefm-1159	247	3	a	a	DET
arjefm-1159	247	4	g	g	NOUN
arjefm-1159	247	5	e	e	X
arjefm-1159	247	6	geographical	geographical	ADJ
arjefm-1159	247	7	gap	gap	NOUN
arjefm-1159	247	8	in	in	ADP
arjefm-1159	247	9	the	the	DET
arjefm-1159	247	10	literature	literature	NOUN
arjefm-1159	247	11	by	by	ADP
arjefm-1159	247	12	focusing	focus	VERB
arjefm-1159	247	13	specifically	specifically	ADV
arjefm-1159	247	14	on	on	ADP
arjefm-1159	247	15	the	the	DET
arjefm-1159	247	16	nigerian	nigerian	ADJ
arjefm-1159	247	17	context	context	NOUN
arjefm-1159	247	18	,	,	PUNCT
arjefm-1159	247	19	unlike	unlike	ADP
arjefm-1159	247	20	many	many	ADJ
arjefm-1159	247	21	previous	previous	ADJ
arjefm-1159	247	22	studies	study	NOUN
arjefm-1159	247	23	conducted	conduct	VERB
arjefm-1159	247	24	in	in	ADP
arjefm-1159	247	25	other	other	ADJ
arjefm-1159	247	26	jurisdictions	jurisdiction	NOUN
arjefm-1159	247	27	.	.	PUNCT
arjefm-1159	248	1	3	3	X
arjefm-1159	248	2	.	.	X
arjefm-1159	248	3	methodology	methodology	NOUN
arjefm-1159	248	4	this	this	DET
arjefm-1159	248	5	study	study	NOUN
arjefm-1159	248	6	employed	employ	VERB
arjefm-1159	248	7	an	an	DET
arjefm-1159	248	8	ex	ex	NOUN
arjefm-1159	248	9	-	-	ADJ
arjefm-1159	248	10	post	post	ADJ
arjefm-1159	248	11	facto	facto	X
arjefm-1159	248	12	research	research	NOUN
arjefm-1159	248	13	design	design	NOUN
arjefm-1159	248	14	,	,	PUNCT
arjefm-1159	248	15	suitable	suitable	ADJ
arjefm-1159	248	16	for	for	ADP
arjefm-1159	248	17	analyzing	analyze	VERB
arjefm-1159	248	18	the	the	DET
arjefm-1159	248	19	outcomes	outcome	NOUN
arjefm-1159	248	20	of	of	ADP
arjefm-1159	248	21	past	past	ADJ
arjefm-1159	248	22	events	event	NOUN
arjefm-1159	248	23	.	.	PUNCT
arjefm-1159	249	1	given	give	VERB
arjefm-1159	249	2	its	its	PRON
arjefm-1159	249	3	focus	focus	NOUN
arjefm-1159	249	4	on	on	ADP
arjefm-1159	249	5	the	the	DET
arjefm-1159	249	6	relationship	relationship	NOUN
arjefm-1159	249	7	between	between	ADP
arjefm-1159	249	8	capital	capital	NOUN
arjefm-1159	249	9	market	market	NOUN
arjefm-1159	249	10	development	development	NOUN
arjefm-1159	249	11	and	and	CCONJ
arjefm-1159	249	12	economic	economic	ADJ
arjefm-1159	249	13	growth	growth	NOUN
arjefm-1159	249	14	in	in	ADP
arjefm-1159	249	15	nigeria	nigeria	PROPN
arjefm-1159	249	16	from	from	ADP
arjefm-1159	249	17	1986	1986	NUM
arjefm-1159	249	18	to	to	ADP
arjefm-1159	249	19	2023	2023	NUM
arjefm-1159	249	20	(	(	PUNCT
arjefm-1159	249	21	38	38	NUM
arjefm-1159	249	22	years	year	NOUN
arjefm-1159	249	23	)	)	PUNCT
arjefm-1159	249	24	,	,	PUNCT
arjefm-1159	249	25	an	an	DET
arjefm-1159	249	26	ex	ex	NOUN
arjefm-1159	249	27	-	-	ADJ
arjefm-1159	249	28	post	post	ADJ
arjefm-1159	249	29	facto	facto	X
arjefm-1159	249	30	approach	approach	NOUN
arjefm-1159	249	31	was	be	AUX
arjefm-1159	249	32	appropriate	appropriate	ADJ
arjefm-1159	249	33	.	.	PUNCT
arjefm-1159	250	1	all	all	DET
arjefm-1159	250	2	variables	variable	NOUN
arjefm-1159	250	3	,	,	PUNCT
arjefm-1159	250	4	both	both	CCONJ
arjefm-1159	250	5	independent	independent	ADJ
arjefm-1159	250	6	and	and	CCONJ
arjefm-1159	250	7	dependent	dependent	ADJ
arjefm-1159	250	8	,	,	PUNCT
arjefm-1159	250	9	were	be	AUX
arjefm-1159	250	10	annual	annual	ADJ
arjefm-1159	250	11	time	time	NOUN
arjefm-1159	250	12	series	series	PROPN
arjefm-1159	250	13	data	data	PROPN
arjefm-1159	250	14	.	.	PUNCT
arjefm-1159	251	1	the	the	DET
arjefm-1159	251	2	data	datum	NOUN
arjefm-1159	251	3	used	use	VERB
arjefm-1159	251	4	in	in	ADP
arjefm-1159	251	5	this	this	DET
arjefm-1159	251	6	study	study	NOUN
arjefm-1159	251	7	were	be	AUX
arjefm-1159	251	8	secondary	secondary	ADJ
arjefm-1159	251	9	,	,	PUNCT
arjefm-1159	251	10	quantitative	quantitative	ADJ
arjefm-1159	251	11	,	,	PUNCT
arjefm-1159	251	12	and	and	CCONJ
arjefm-1159	251	13	obtained	obtain	VERB
arjefm-1159	251	14	from	from	ADP
arjefm-1159	251	15	the	the	DET
arjefm-1159	251	16	cbn	cbn	PROPN
arjefm-1159	251	17	statistical	statistical	ADJ
arjefm-1159	251	18	bulletin	bulletin	NOUN
arjefm-1159	251	19	.	.	PUNCT
arjefm-1159	252	1	model	model	NOUN
arjefm-1159	252	2	specification	specification	NOUN
arjefm-1159	252	3	the	the	DET
arjefm-1159	252	4	work	work	NOUN
arjefm-1159	252	5	of	of	ADP
arjefm-1159	252	6	yakubu	yakubu	PROPN
arjefm-1159	252	7	(	(	PUNCT
arjefm-1159	252	8	2023	2023	NUM
arjefm-1159	252	9	)	)	PUNCT
arjefm-1159	252	10	,	,	PUNCT
arjefm-1159	252	11	who	who	PRON
arjefm-1159	252	12	used	use	VERB
arjefm-1159	252	13	ordinary	ordinary	ADJ
arjefm-1159	252	14	least	least	ADJ
arjefm-1159	252	15	square	square	ADJ
arjefm-1159	252	16	estimator	estimator	NOUN
arjefm-1159	252	17	to	to	PART
arjefm-1159	252	18	examine	examine	VERB
arjefm-1159	252	19	how	how	SCONJ
arjefm-1159	252	20	capital	capital	NOUN
arjefm-1159	252	21	market	market	NOUN
arjefm-1159	252	22	development	development	NOUN
arjefm-1159	252	23	variables	variable	NOUN
arjefm-1159	252	24	affected	affect	VERB
arjefm-1159	252	25	nigeria	nigeria	PROPN
arjefm-1159	252	26	's	's	PART
arjefm-1159	252	27	economic	economic	ADJ
arjefm-1159	252	28	growth	growth	NOUN
arjefm-1159	252	29	from	from	ADP
arjefm-1159	252	30	1986	1986	NUM
arjefm-1159	252	31	to	to	ADP
arjefm-1159	252	32	2023	2023	NUM
arjefm-1159	252	33	,	,	PUNCT
arjefm-1159	252	34	served	serve	VERB
arjefm-1159	252	35	as	as	ADP
arjefm-1159	252	36	the	the	DET
arjefm-1159	252	37	model	model	NOUN
arjefm-1159	252	38	for	for	ADP
arjefm-1159	252	39	our	our	PRON
arjefm-1159	252	40	investigation	investigation	NOUN
arjefm-1159	252	41	.	.	PUNCT
arjefm-1159	253	1	linear	linear	ADJ
arjefm-1159	253	2	form	form	NOUN
arjefm-1159	253	3	of	of	ADP
arjefm-1159	253	4	the	the	DET
arjefm-1159	253	5	modified	modify	VERB
arjefm-1159	253	6	multiple	multiple	ADJ
arjefm-1159	253	7	regression	regression	NOUN
arjefm-1159	253	8	equation	equation	NOUN
arjefm-1159	253	9	is	be	AUX
arjefm-1159	253	10	clearly	clearly	ADV
arjefm-1159	253	11	stated	state	VERB
arjefm-1159	253	12	as	as	SCONJ
arjefm-1159	253	13	follows	follow	VERB
arjefm-1159	253	14	in	in	ADP
arjefm-1159	253	15	order	order	NOUN
arjefm-1159	253	16	to	to	PART
arjefm-1159	253	17	ascertain	ascertain	VERB
arjefm-1159	253	18	how	how	SCONJ
arjefm-1159	253	19	these	these	DET
arjefm-1159	253	20	variables	variable	NOUN
arjefm-1159	253	21	affect	affect	VERB
arjefm-1159	253	22	the	the	DET
arjefm-1159	253	23	gdp	gdp	NOUN
arjefm-1159	253	24	growth	growth	NOUN
arjefm-1159	253	25	rate	rate	NOUN
arjefm-1159	253	26	:	:	PUNCT
arjefm-1159	253	27	gdpgr	gdpgr	PROPN
arjefm-1159	253	28	=	=	PUNCT
arjefm-1159	254	1	β0	β0	PROPN
arjefm-1159	255	1	+	+	NUM
arjefm-1159	255	2	β1logmcap𝑡	β1logmcap𝑡	NOUN
arjefm-1159	255	3	+	+	CCONJ
arjefm-1159	255	4	β2logasi𝑡	β2logasi𝑡	NOUN
arjefm-1159	255	5	+	+	CCONJ
arjefm-1159	255	6	β3infr𝑡	β3infr𝑡	PROPN
arjefm-1159	255	7	+	+	NUM
arjefm-1159	255	8	β4fexrt	β4fexrt	SYM
arjefm-1159	255	9	+	+	PUNCT
arjefm-1159	255	10	+	+	NUM
arjefm-1159	255	11	μ𝑡	μ𝑡	NOUN
arjefm-1159	255	12	(	(	PUNCT
arjefm-1159	255	13	3.1	3.1	NUM
arjefm-1159	255	14	)	)	PUNCT
arjefm-1159	255	15	where	where	SCONJ
arjefm-1159	255	16	,	,	PUNCT
arjefm-1159	255	17	gdpgr	gdpgr	PROPN
arjefm-1159	255	18	=	=	PROPN
arjefm-1159	255	19	gdp	gdp	NOUN
arjefm-1159	255	20	growth	growth	NOUN
arjefm-1159	255	21	rate	rate	NOUN
arjefm-1159	255	22	,	,	PUNCT
arjefm-1159	255	23	represent	represent	VERB
arjefm-1159	255	24	dependent	dependent	ADJ
arjefm-1159	255	25	variable	variable	NOUN
arjefm-1159	255	26	.	.	PUNCT
arjefm-1159	256	1	mcap	mcap	NOUN
arjefm-1159	256	2	=	=	NOUN
arjefm-1159	256	3	market	market	NOUN
arjefm-1159	256	4	capitalization	capitalization	NOUN
arjefm-1159	256	5	,	,	PUNCT
arjefm-1159	256	6	and	and	CCONJ
arjefm-1159	256	7	asi	asi	X
arjefm-1159	256	8	=	=	ADJ
arjefm-1159	256	9	all	all	DET
arjefm-1159	256	10	-	-	PUNCT
arjefm-1159	256	11	share	share	NOUN
arjefm-1159	256	12	index	index	NOUN
arjefm-1159	256	13	(	(	PUNCT
arjefm-1159	256	14	independent	independent	ADJ
arjefm-1159	256	15	variables	variable	NOUN
arjefm-1159	256	16	)	)	PUNCT
arjefm-1159	256	17	,	,	PUNCT
arjefm-1159	256	18	while	while	SCONJ
arjefm-1159	256	19	infr	infr	PROPN
arjefm-1159	256	20	=	=	PUNCT
arjefm-1159	256	21	inflation	inflation	NOUN
arjefm-1159	256	22	rate	rate	NOUN
arjefm-1159	256	23	and	and	CCONJ
arjefm-1159	256	24	fexr	fexr	ADJ
arjefm-1159	256	25	=	=	SYM
arjefm-1159	256	26	foreign	foreign	ADJ
arjefm-1159	256	27	rate	rate	NOUN
arjefm-1159	256	28	depict	depict	NOUN
arjefm-1159	256	29	control	control	NOUN
arjefm-1159	256	30	variables	variable	NOUN
arjefm-1159	256	31	.	.	PUNCT
arjefm-1159	257	1	β0	β0	NOUN
arjefm-1159	257	2	=	=	NOUN
arjefm-1159	257	3	coefficient	coefficient	NOUN
arjefm-1159	257	4	of	of	ADP
arjefm-1159	257	5	the	the	DET
arjefm-1159	257	6	constant	constant	ADJ
arjefm-1159	257	7	;	;	PUNCT
arjefm-1159	257	8	β1	β1	PROPN
arjefm-1159	257	9	+	+	CCONJ
arjefm-1159	257	10	β2	β2	NOUN
arjefm-1159	257	11	+	+	CCONJ
arjefm-1159	257	12	β3	β3	ADJ
arjefm-1159	257	13	+	+	CCONJ
arjefm-1159	257	14	β4	β4	PROPN
arjefm-1159	257	15	are	be	AUX
arjefm-1159	257	16	the	the	DET
arjefm-1159	257	17	parameters	parameter	NOUN
arjefm-1159	257	18	to	to	PART
arjefm-1159	257	19	be	be	AUX
arjefm-1159	257	20	measured	measure	VERB
arjefm-1159	257	21	;	;	PUNCT
arjefm-1159	257	22	μ	μ	NUM
arjefm-1159	257	23	=	=	NOUN
arjefm-1159	257	24	error	error	NOUN
arjefm-1159	257	25	term	term	NOUN
arjefm-1159	257	26	and	and	CCONJ
arjefm-1159	257	27	t	t	NOUN
arjefm-1159	257	28	denotes	denote	NOUN
arjefm-1159	257	29	time	time	NOUN
arjefm-1159	257	30	or	or	CCONJ
arjefm-1159	257	31	scope	scope	NOUN
arjefm-1159	257	32	of	of	ADP
arjefm-1159	257	33	the	the	DET
arjefm-1159	257	34	study	study	NOUN
arjefm-1159	257	35	ranging	range	VERB
arjefm-1159	257	36	from	from	ADP
arjefm-1159	257	37	1986−2023	1986−2023	NUM
arjefm-1159	257	38	.	.	PUNCT
arjefm-1159	258	1	a	a	DET
arjefm-1159	258	2	prior	prior	ADJ
arjefm-1159	258	3	expectations	expectation	NOUN
arjefm-1159	258	4	of	of	ADP
arjefm-1159	258	5	coefficients	coefficient	NOUN
arjefm-1159	258	6	of	of	ADP
arjefm-1159	258	7	the	the	DET
arjefm-1159	258	8	explanatory	explanatory	ADJ
arjefm-1159	258	9	variables	variable	NOUN
arjefm-1159	258	10	:	:	PUNCT
arjefm-1159	258	11	𝛽1>0	𝛽1>0	NOUN
arjefm-1159	258	12	;	;	PUNCT
arjefm-1159	258	13	𝛽2>0	𝛽2>0	PROPN
arjefm-1159	258	14	;	;	PUNCT
arjefm-1159	258	15	𝛽3>0	𝛽3>0	NOUN
arjefm-1159	258	16	and	and	CCONJ
arjefm-1159	258	17	𝛽4>0	𝛽4>0	NOUN
arjefm-1159	258	18	.	.	PUNCT
arjefm-1159	259	1	the	the	DET
arjefm-1159	259	2	following	follow	VERB
arjefm-1159	259	3	are	be	AUX
arjefm-1159	259	4	the	the	DET
arjefm-1159	259	5	decision	decision	NOUN
arjefm-1159	259	6	rules	rule	NOUN
arjefm-1159	259	7	,	,	PUNCT
arjefm-1159	259	8	which	which	PRON
arjefm-1159	259	9	are	be	AUX
arjefm-1159	259	10	predicated	predicate	VERB
arjefm-1159	259	11	on	on	ADP
arjefm-1159	259	12	a	a	DET
arjefm-1159	259	13	5	5	NUM
arjefm-1159	259	14	%	%	NOUN
arjefm-1159	259	15	probability	probability	NOUN
arjefm-1159	259	16	value	value	NOUN
arjefm-1159	259	17	:	:	PUNCT
arjefm-1159	259	18	if	if	SCONJ
arjefm-1159	259	19	the	the	DET
arjefm-1159	259	20	p	p	NOUN
arjefm-1159	259	21	-	-	PUNCT
arjefm-1159	259	22	value	value	NOUN
arjefm-1159	259	23	is	be	AUX
arjefm-1159	259	24	less	less	ADJ
arjefm-1159	259	25	than	than	ADP
arjefm-1159	259	26	0.05	0.05	NUM
arjefm-1159	259	27	,	,	PUNCT
arjefm-1159	259	28	reject	reject	VERB
arjefm-1159	259	29	the	the	DET
arjefm-1159	259	30	null	null	ADJ
arjefm-1159	259	31	hypothesis	hypothesis	NOUN
arjefm-1159	259	32	and	and	CCONJ
arjefm-1159	259	33	accept	accept	VERB
arjefm-1159	259	34	the	the	DET
arjefm-1159	259	35	alternative	alternative	NOUN
arjefm-1159	259	36	.	.	PUNCT
arjefm-1159	260	1	if	if	SCONJ
arjefm-1159	260	2	the	the	DET
arjefm-1159	260	3	p	p	NOUN
arjefm-1159	260	4	-	-	PUNCT
arjefm-1159	260	5	value	value	NOUN
arjefm-1159	260	6	is	be	AUX
arjefm-1159	260	7	greater	great	ADJ
arjefm-1159	260	8	than	than	ADP
arjefm-1159	260	9	0.05	0.05	NUM
arjefm-1159	260	10	,	,	PUNCT
arjefm-1159	260	11	accept	accept	VERB
arjefm-1159	260	12	the	the	DET
arjefm-1159	260	13	null	null	ADJ
arjefm-1159	260	14	hypothesis	hypothesis	NOUN
arjefm-1159	260	15	and	and	CCONJ
arjefm-1159	260	16	reject	reject	VERB
arjefm-1159	260	17	the	the	DET
arjefm-1159	260	18	alternative	alternative	NOUN
arjefm-1159	260	19	.	.	PUNCT
arjefm-1159	261	1	4	4	X
arjefm-1159	261	2	.	.	X
arjefm-1159	261	3	data	datum	NOUN
arjefm-1159	261	4	presentation	presentation	NOUN
arjefm-1159	261	5	and	and	CCONJ
arjefm-1159	261	6	analysis	analysis	NOUN
arjefm-1159	261	7	data	datum	NOUN
arjefm-1159	261	8	analysis	analysis	NOUN
arjefm-1159	261	9	4ormality	4ormality	NUM
arjefm-1159	261	10	(	(	PUNCT
arjefm-1159	261	11	descriptive	descriptive	ADJ
arjefm-1159	261	12	statistics	statistic	NOUN
arjefm-1159	261	13	)	)	PUNCT
arjefm-1159	261	14	test	test	NOUN
arjefm-1159	261	15	table	table	NOUN
arjefm-1159	261	16	4.1	4.1	NUM
arjefm-1159	261	17	:	:	PUNCT
arjefm-1159	261	18	descriptive	descriptive	ADJ
arjefm-1159	261	19	statistics	statistic	NOUN
arjefm-1159	261	20	of	of	ADP
arjefm-1159	261	21	the	the	DET
arjefm-1159	261	22	annualized	annualize	VERB
arjefm-1159	261	23	data	datum	NOUN
arjefm-1159	261	24	series	series	PROPN
arjefm-1159	261	25	gdpgr	gdpgr	PROPN
arjefm-1159	261	26	(	(	PUNCT
arjefm-1159	261	27	%	%	INTJ
arjefm-1159	261	28	)	)	PUNCT
arjefm-1159	261	29	asi	asi	NOUN
arjefm-1159	261	30	(	(	PUNCT
arjefm-1159	261	31	n'bln	n'bln	PROPN
arjefm-1159	261	32	)	)	PUNCT
arjefm-1159	261	33	fexr	fexr	NOUN
arjefm-1159	261	34	(	(	PUNCT
arjefm-1159	261	35	n	n	CCONJ
arjefm-1159	261	36	)	)	PUNCT
arjefm-1159	261	37	tmcap	tmcap	NOUN
arjefm-1159	261	38	(	(	PUNCT
arjefm-1159	261	39	n'bln	n'bln	INTJ
arjefm-1159	261	40	)	)	PUNCT
arjefm-1159	261	41	infr	infr	PROPN
arjefm-1159	261	42	(	(	PUNCT
arjefm-1159	261	43	%	%	INTJ
arjefm-1159	261	44	)	)	PUNCT
arjefm-1159	261	45	mean	mean	NOUN
arjefm-1159	261	46	1.170249	1.170249	NUM
arjefm-1159	262	1	5.439524	5.439524	NUM
arjefm-1159	262	2	2.202836	2.202836	NUM
arjefm-1159	262	3	4.367973	4.367973	NUM
arjefm-1159	262	4	18.10278	18.10278	NUM
arjefm-1159	262	5	median	median	NOUN
arjefm-1159	262	6	0.189735	0.189735	NUM
arjefm-1159	262	7	5.493460	5.493460	NUM
arjefm-1159	262	8	2.174898	2.174898	NUM
arjefm-1159	262	9	4.203703	4.203703	NUM
arjefm-1159	262	10	16.92000	16.92000	NUM
arjefm-1159	262	11	maximum	maximum	NOUN
arjefm-1159	262	12	8.428308	8.428308	NUM
arjefm-1159	262	13	5.818990	5.818990	NUM
arjefm-1159	262	14	2.485835	2.485835	NUM
arjefm-1159	262	15	4.955093	4.955093	NUM
arjefm-1159	262	16	24.77000	24.77000	NUM
arjefm-1159	262	17	minimum	minimum	NOUN
arjefm-1159	262	18	-1.229144	-1.229144	NOUN
arjefm-1159	263	1	4.817360	4.817360	NUM
arjefm-1159	263	2	2.048985	2.048985	NUM
arjefm-1159	263	3	4.053378	4.053378	NUM
arjefm-1159	263	4	15.14000	15.14000	NUM
arjefm-1159	263	5	observations	observation	NOUN
arjefm-1159	263	6	38	38	NUM
arjefm-1159	263	7	38	38	NUM
arjefm-1159	263	8	38	38	NUM
arjefm-1159	263	9	38	38	NUM
arjefm-1159	263	10	38	38	NUM
arjefm-1159	263	11	source	source	NOUN
arjefm-1159	263	12	:	:	PUNCT
arjefm-1159	263	13	researcher	researcher	NOUN
arjefm-1159	263	14	's	's	PART
arjefm-1159	263	15	computations	computation	NOUN
arjefm-1159	263	16	,	,	PUNCT
arjefm-1159	263	17	2024	2024	NUM
arjefm-1159	263	18	the	the	DET
arjefm-1159	263	19	descriptive	descriptive	ADJ
arjefm-1159	263	20	statistics	statistic	NOUN
arjefm-1159	263	21	of	of	ADP
arjefm-1159	263	22	our	our	PRON
arjefm-1159	263	23	time	time	NOUN
arjefm-1159	263	24	series	series	PROPN
arjefm-1159	263	25	dataset	dataset	VERB
arjefm-1159	263	26	are	be	AUX
arjefm-1159	263	27	shown	show	VERB
arjefm-1159	263	28	in	in	ADP
arjefm-1159	263	29	table	table	NOUN
arjefm-1159	263	30	4.1	4.1	NUM
arjefm-1159	263	31	,	,	PUNCT
arjefm-1159	263	32	which	which	PRON
arjefm-1159	263	33	indicates	indicate	VERB
arjefm-1159	263	34	that	that	SCONJ
arjefm-1159	263	35	the	the	DET
arjefm-1159	263	36	gdp	gdp	NOUN
arjefm-1159	263	37	growth	growth	NOUN
arjefm-1159	263	38	rate	rate	NOUN
arjefm-1159	263	39	(	(	PUNCT
arjefm-1159	263	40	gdpgr	gdpgr	PROPN
arjefm-1159	263	41	)	)	PUNCT
arjefm-1159	263	42	averaged	average	VERB
arjefm-1159	263	43	1.17	1.17	NUM
arjefm-1159	263	44	%	%	NOUN
arjefm-1159	263	45	and	and	CCONJ
arjefm-1159	263	46	peaked	peak	VERB
arjefm-1159	263	47	at	at	ADP
arjefm-1159	263	48	8.43	8.43	NUM
arjefm-1159	263	49	%	%	NOUN
arjefm-1159	263	50	.	.	PUNCT
arjefm-1159	264	1	the	the	DET
arjefm-1159	264	2	major	major	ADJ
arjefm-1159	264	3	indicators	indicator	NOUN
arjefm-1159	264	4	reached	reach	VERB
arjefm-1159	264	5	their	their	PRON
arjefm-1159	264	6	highest	high	ADJ
arjefm-1159	264	7	points	point	NOUN
arjefm-1159	264	8	between	between	ADP
arjefm-1159	264	9	2003	2003	NUM
arjefm-1159	264	10	and	and	CCONJ
arjefm-1159	264	11	2023	2023	NUM
arjefm-1159	264	12	at	at	ADP
arjefm-1159	264	13	n8.43	n8.43	PROPN
arjefm-1159	264	14	,	,	PUNCT
arjefm-1159	264	15	n5.82	n5.82	PROPN
arjefm-1159	264	16	,	,	PUNCT
arjefm-1159	264	17	n27.4	n27.4	PROPN
arjefm-1159	264	18	,	,	PUNCT
arjefm-1159	264	19	and	and	CCONJ
arjefm-1159	264	20	n4.95	n4.95	PROPN
arjefm-1159	264	21	,	,	PUNCT
arjefm-1159	264	22	respectively	respectively	ADV
arjefm-1159	264	23	.	.	PUNCT
arjefm-1159	265	1	the	the	DET
arjefm-1159	265	2	all	all	DET
arjefm-1159	265	3	-	-	PUNCT
arjefm-1159	265	4	share	share	NOUN
arjefm-1159	265	5	index	index	NOUN
arjefm-1159	265	6	(	(	PUNCT
arjefm-1159	265	7	asi	asi	NOUN
arjefm-1159	265	8	)	)	PUNCT
arjefm-1159	265	9	,	,	PUNCT
arjefm-1159	265	10	foreign	foreign	ADJ
arjefm-1159	265	11	exchange	exchange	NOUN
arjefm-1159	265	12	rate	rate	NOUN
arjefm-1159	265	13	(	(	PUNCT
arjefm-1159	265	14	fexr	fexr	ADJ
arjefm-1159	265	15	)	)	PUNCT
arjefm-1159	265	16	,	,	PUNCT
arjefm-1159	265	17	total	total	ADJ
arjefm-1159	265	18	market	market	NOUN
arjefm-1159	265	19	capitalization	capitalization	NOUN
arjefm-1159	265	20	(	(	PUNCT
arjefm-1159	265	21	t|mcap	t|mcap	NOUN
arjefm-1159	265	22	)	)	PUNCT
arjefm-1159	265	23	,	,	PUNCT
arjefm-1159	265	24	and	and	CCONJ
arjefm-1159	265	25	inflation	inflation	NOUN
arjefm-1159	265	26	rate	rate	NOUN
arjefm-1159	265	27	(	(	PUNCT
arjefm-1159	265	28	infr	infr	PROPN
arjefm-1159	265	29	)	)	PUNCT
arjefm-1159	265	30	averaged	average	VERB
arjefm-1159	265	31	5.44	5.44	NUM
arjefm-1159	265	32	%	%	NOUN
arjefm-1159	265	33	,	,	PUNCT
arjefm-1159	265	34	n2.20	n2.20	PROPN
arjefm-1159	265	35	%	%	NOUN
arjefm-1159	265	36	,	,	PUNCT
arjefm-1159	265	37	n4.37	n4.37	PROPN
arjefm-1159	265	38	,	,	PUNCT
arjefm-1159	265	39	and	and	CCONJ
arjefm-1159	265	40	18.1	18.1	NUM
arjefm-1159	265	41	%	%	NOUN
arjefm-1159	265	42	,	,	PUNCT
arjefm-1159	265	43	respectively	respectively	ADV
arjefm-1159	265	44	.	.	PUNCT
arjefm-1159	266	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	266	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	267	1	american	american	PROPN
arjefm-1159	267	2	research	research	PROPN
arjefm-1159	267	3	journal	journal	PROPN
arjefm-1159	267	4	of	of	ADP
arjefm-1159	267	5	economics	economic	NOUN
arjefm-1159	267	6	,	,	PUNCT
arjefm-1159	267	7	finance	finance	NOUN
arjefm-1159	267	8	and	and	CCONJ
arjefm-1159	267	9	management	management	NOUN
arjefm-1159	267	10	volume	volume	NOUN
arjefm-1159	267	11	12	12	NUM
arjefm-1159	267	12	issue	issue	NOUN
arjefm-1159	267	13	3	3	NUM
arjefm-1159	267	14	,	,	PUNCT
arjefm-1159	267	15	july	july	PROPN
arjefm-1159	267	16	-	-	PUNCT
arjefm-1159	267	17	september	september	PROPN
arjefm-1159	267	18	2024	2024	NUM
arjefm-1159	267	19	issn	issn	NOUN
arjefm-1159	267	20	:	:	PUNCT
arjefm-1159	267	21	2836	2836	NUM
arjefm-1159	267	22	-	-	SYM
arjefm-1159	267	23	9416	9416	NUM
arjefm-1159	267	24	impact	impact	NOUN
arjefm-1159	267	25	factor	factor	NOUN
arjefm-1159	267	26	:	:	PUNCT
arjefm-1159	267	27	4.85	4.85	NUM
arjefm-1159	267	28	journal	journal	NOUN
arjefm-1159	267	29	homepage	homepage	NOUN
arjefm-1159	267	30	:	:	PUNCT
arjefm-1159	267	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	267	32	,	,	PUNCT
arjefm-1159	267	33	email	email	NOUN
arjefm-1159	267	34	:	:	PUNCT
arjefm-1159	267	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	267	36	official	official	ADJ
arjefm-1159	267	37	journal	journal	PROPN
arjefm-1159	267	38	of	of	ADP
arjefm-1159	267	39	america	america	PROPN
arjefm-1159	267	40	serial	serial	PROPN
arjefm-1159	267	41	publication	publication	NOUN
arjefm-1159	267	42	american	american	PROPN
arjefm-1159	267	43	research	research	PROPN
arjefm-1159	267	44	journal	journal	PROPN
arjefm-1159	267	45	of	of	ADP
arjefm-1159	267	46	economics	economic	NOUN
arjefm-1159	267	47	,	,	PUNCT
arjefm-1159	267	48	finance	finance	NOUN
arjefm-1159	267	49	and	and	CCONJ
arjefm-1159	267	50	management	management	NOUN
arjefm-1159	267	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	267	52	,	,	PUNCT
arjefm-1159	267	53	email	email	NOUN
arjefm-1159	267	54	:	:	PUNCT
arjefm-1159	267	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	268	1	119	119	NUM
arjefm-1159	269	1	|	|	ADV
arjefm-1159	269	2	p	p	X
arjefm-1159	269	3	a	a	DET
arjefm-1159	269	4	g	g	PROPN
arjefm-1159	269	5	e	e	PROPN
arjefm-1159	269	6	unit	unit	NOUN
arjefm-1159	269	7	root	root	NOUN
arjefm-1159	269	8	(	(	PUNCT
arjefm-1159	269	9	stationarity)test	stationarity)t	ADJ
arjefm-1159	269	10	to	to	PART
arjefm-1159	269	11	determine	determine	VERB
arjefm-1159	269	12	if	if	SCONJ
arjefm-1159	269	13	the	the	DET
arjefm-1159	269	14	annualized	annualize	VERB
arjefm-1159	269	15	time	time	NOUN
arjefm-1159	269	16	series	series	NOUN
arjefm-1159	269	17	variables	variable	NOUN
arjefm-1159	269	18	have	have	VERB
arjefm-1159	269	19	a	a	DET
arjefm-1159	269	20	unit	unit	NOUN
arjefm-1159	269	21	root	root	NOUN
arjefm-1159	269	22	or	or	CCONJ
arjefm-1159	269	23	are	be	AUX
arjefm-1159	269	24	stationary	stationary	ADJ
arjefm-1159	269	25	,	,	PUNCT
arjefm-1159	269	26	the	the	DET
arjefm-1159	269	27	augmented	augment	VERB
arjefm-1159	269	28	dickey	dickey	NOUN
arjefm-1159	269	29	-	-	PUNCT
arjefm-1159	269	30	fuller	full	ADJ
arjefm-1159	269	31	(	(	PUNCT
arjefm-1159	269	32	adf	adf	NOUN
arjefm-1159	269	33	)	)	PUNCT
arjefm-1159	269	34	unit	unit	NOUN
arjefm-1159	269	35	root	root	NOUN
arjefm-1159	269	36	test	test	NOUN
arjefm-1159	269	37	was	be	AUX
arjefm-1159	269	38	used	use	VERB
arjefm-1159	269	39	.	.	PUNCT
arjefm-1159	270	1	the	the	DET
arjefm-1159	270	2	unit	unit	NOUN
arjefm-1159	270	3	root	root	NOUN
arjefm-1159	270	4	results	result	NOUN
arjefm-1159	270	5	for	for	ADP
arjefm-1159	270	6	the	the	DET
arjefm-1159	270	7	sample	sample	NOUN
arjefm-1159	270	8	data	datum	NOUN
arjefm-1159	270	9	are	be	AUX
arjefm-1159	270	10	shown	show	VERB
arjefm-1159	270	11	in	in	ADP
arjefm-1159	270	12	table	table	NOUN
arjefm-1159	270	13	4.3	4.3	NUM
arjefm-1159	270	14	.	.	PUNCT
arjefm-1159	270	15	table	table	NOUN
arjefm-1159	270	16	4.2	4.2	NUM
arjefm-1159	270	17	:	:	PUNCT
arjefm-1159	270	18	summary	summary	NOUN
arjefm-1159	270	19	of	of	ADP
arjefm-1159	270	20	adf	adf	PROPN
arjefm-1159	270	21	unit	unit	NOUN
arjefm-1159	270	22	root	root	PROPN
arjefm-1159	270	23	test	test	NOUN
arjefm-1159	270	24	results	result	VERB
arjefm-1159	270	25	variable	variable	ADJ
arjefm-1159	270	26	t	t	NOUN
arjefm-1159	270	27	-	-	PUNCT
arjefm-1159	270	28	stat	stat	NOUN
arjefm-1159	270	29	.	.	PUNCT
arjefm-1159	271	1	critical	critical	ADJ
arjefm-1159	271	2	values	value	NOUN
arjefm-1159	271	3	@5	@5	VERB
arjefm-1159	271	4	%	%	NOUN
arjefm-1159	271	5	p	p	NOUN
arjefm-1159	271	6	-	-	PUNCT
arjefm-1159	271	7	value	value	NOUN
arjefm-1159	271	8	order	order	NOUN
arjefm-1159	271	9	of	of	ADP
arjefm-1159	271	10	integration	integration	NOUN
arjefm-1159	271	11	inference	inference	NOUN
arjefm-1159	271	12	gdpgr	gdpgr	NOUN
arjefm-1159	271	13	-6.637486	-6.637486	PUNCT
arjefm-1159	271	14	-3.564534	-3.564534	VERB
arjefm-1159	271	15	0.0000	0.0000	NUM
arjefm-1159	271	16	i(1	i(1	NOUN
arjefm-1159	271	17	)	)	PUNCT
arjefm-1159	271	18	stationary	stationary	ADJ
arjefm-1159	271	19	lnasi	lnasi	NOUN
arjefm-1159	271	20	-7.180094	-7.180094	PROPN
arjefm-1159	271	21	-3.645372	-3.645372	VERB
arjefm-1159	272	1	0.0000	0.0000	NUM
arjefm-1159	272	2	i(1	i(1	NOUN
arjefm-1159	272	3	)	)	PUNCT
arjefm-1159	272	4	stationary	stationary	ADJ
arjefm-1159	272	5	fexr	fexr	ADJ
arjefm-1159	272	6	-6.309863	-6.309863	NOUN
arjefm-1159	272	7	-3.564534	-3.564534	VERB
arjefm-1159	272	8	0.0000	0.0000	NUM
arjefm-1159	272	9	i(1	i(1	NOUN
arjefm-1159	272	10	)	)	PUNCT
arjefm-1159	272	11	stationary	stationary	ADJ
arjefm-1159	272	12	lntmcap	lntmcap	NOUN
arjefm-1159	272	13	infr	infr	PROPN
arjefm-1159	272	14	-5.365209	-5.365209	PROPN
arjefm-1159	272	15	-5.355422	-5.355422	PROPN
arjefm-1159	272	16	-3.645372	-3.645372	PUNCT
arjefm-1159	272	17	-3.665463	-3.665463	X
arjefm-1159	273	1	0.0000	0.0000	NUM
arjefm-1159	273	2	0.0000	0.0000	NUM
arjefm-1159	273	3	i(1	i(1	PROPN
arjefm-1159	273	4	)	)	PUNCT
arjefm-1159	273	5	i(1	i(1	PROPN
arjefm-1159	273	6	)	)	PUNCT
arjefm-1159	273	7	stationary	stationary	ADJ
arjefm-1159	273	8	stationary	stationary	ADJ
arjefm-1159	273	9	source	source	NOUN
arjefm-1159	273	10	:	:	PUNCT
arjefm-1159	273	11	author	author	NOUN
arjefm-1159	273	12	’s	’s	PART
arjefm-1159	273	13	extract	extract	NOUN
arjefm-1159	273	14	from	from	ADP
arjefm-1159	273	15	e	e	NOUN
arjefm-1159	273	16	-	-	NOUN
arjefm-1159	273	17	views	view	NOUN
arjefm-1159	273	18	,	,	PUNCT
arjefm-1159	273	19	2024	2024	NUM
arjefm-1159	273	20	our	our	PRON
arjefm-1159	273	21	variables	variable	NOUN
arjefm-1159	273	22	are	be	AUX
arjefm-1159	273	23	stationary	stationary	ADJ
arjefm-1159	273	24	at	at	ADP
arjefm-1159	273	25	the	the	DET
arjefm-1159	273	26	same	same	ADJ
arjefm-1159	273	27	orders	order	NOUN
arjefm-1159	273	28	of	of	ADP
arjefm-1159	273	29	integration	integration	NOUN
arjefm-1159	273	30	,	,	PUNCT
arjefm-1159	273	31	according	accord	VERB
arjefm-1159	273	32	to	to	ADP
arjefm-1159	273	33	the	the	DET
arjefm-1159	273	34	stationarity	stationarity	NOUN
arjefm-1159	273	35	test	test	NOUN
arjefm-1159	273	36	results	result	NOUN
arjefm-1159	273	37	in	in	ADP
arjefm-1159	273	38	table	table	NOUN
arjefm-1159	273	39	4.2	4.2	NUM
arjefm-1159	273	40	.	.	PUNCT
arjefm-1159	274	1	after	after	ADP
arjefm-1159	274	2	first	first	ADJ
arjefm-1159	274	3	differencing	differencing	NOUN
arjefm-1159	274	4	,	,	PUNCT
arjefm-1159	274	5	all	all	PRON
arjefm-1159	274	6	of	of	ADP
arjefm-1159	274	7	the	the	DET
arjefm-1159	274	8	variables	variable	NOUN
arjefm-1159	274	9	achieved	achieve	VERB
arjefm-1159	274	10	stationarity	stationarity	NOUN
arjefm-1159	274	11	and	and	CCONJ
arjefm-1159	274	12	have	have	VERB
arjefm-1159	274	13	no	no	DET
arjefm-1159	274	14	unit	unit	NOUN
arjefm-1159	274	15	root	root	NOUN
arjefm-1159	274	16	(	(	PUNCT
arjefm-1159	274	17	i.e.	i.e.	X
arjefm-1159	274	18	,	,	PUNCT
arjefm-1159	274	19	i(1	i(1	PROPN
arjefm-1159	274	20	)	)	PUNCT
arjefm-1159	274	21	)	)	PUNCT
arjefm-1159	274	22	.	.	PUNCT
arjefm-1159	275	1	it	it	PRON
arjefm-1159	275	2	is	be	AUX
arjefm-1159	275	3	clear	clear	ADJ
arjefm-1159	275	4	that	that	SCONJ
arjefm-1159	275	5	the	the	DET
arjefm-1159	275	6	computed	computed	ADJ
arjefm-1159	275	7	values	value	NOUN
arjefm-1159	275	8	(	(	PUNCT
arjefm-1159	275	9	adf	adf	NOUN
arjefm-1159	275	10	statistic	statistic	NOUN
arjefm-1159	275	11	)	)	PUNCT
arjefm-1159	275	12	for	for	ADP
arjefm-1159	275	13	each	each	PRON
arjefm-1159	275	14	of	of	ADP
arjefm-1159	275	15	the	the	DET
arjefm-1159	275	16	variables	variable	NOUN
arjefm-1159	275	17	under	under	ADP
arjefm-1159	275	18	test	test	NOUN
arjefm-1159	275	19	are	be	AUX
arjefm-1159	275	20	below	below	ADP
arjefm-1159	275	21	the	the	DET
arjefm-1159	275	22	critical	critical	ADJ
arjefm-1159	275	23	values	value	NOUN
arjefm-1159	275	24	,	,	PUNCT
arjefm-1159	275	25	demonstrating	demonstrate	VERB
arjefm-1159	275	26	its	its	PRON
arjefm-1159	275	27	stationarity	stationarity	NOUN
arjefm-1159	275	28	.	.	PUNCT
arjefm-1159	276	1	test	test	NOUN
arjefm-1159	276	2	of	of	ADP
arjefm-1159	276	3	hypotheses	hypothesis	NOUN
arjefm-1159	276	4	the	the	DET
arjefm-1159	276	5	hypotheses	hypothesis	NOUN
arjefm-1159	276	6	modelled	model	VERB
arjefm-1159	276	7	in	in	ADP
arjefm-1159	276	8	section	section	NOUN
arjefm-1159	276	9	three	three	NUM
arjefm-1159	276	10	were	be	AUX
arjefm-1159	276	11	tested	test	VERB
arjefm-1159	276	12	in	in	ADP
arjefm-1159	276	13	this	this	DET
arjefm-1159	276	14	section	section	NOUN
arjefm-1159	276	15	.	.	PUNCT
arjefm-1159	277	1	table	table	NOUN
arjefm-1159	277	2	4.3	4.3	NUM
arjefm-1159	277	3	displays	display	VERB
arjefm-1159	277	4	the	the	DET
arjefm-1159	277	5	outcomes	outcome	NOUN
arjefm-1159	277	6	of	of	ADP
arjefm-1159	277	7	the	the	DET
arjefm-1159	277	8	ols	ol	NOUN
arjefm-1159	277	9	regression	regression	NOUN
arjefm-1159	277	10	.	.	PUNCT
arjefm-1159	278	1	table	table	NOUN
arjefm-1159	278	2	4.3	4.3	NUM
arjefm-1159	278	3	:	:	PUNCT
arjefm-1159	278	4	regression	regression	NOUN
arjefm-1159	278	5	results	result	NOUN
arjefm-1159	278	6	for	for	ADP
arjefm-1159	278	7	hypotheses	hypothesis	NOUN
arjefm-1159	278	8	one	one	NUM
arjefm-1159	278	9	and	and	CCONJ
arjefm-1159	278	10	two	two	NUM
arjefm-1159	278	11	dependent	dependent	ADJ
arjefm-1159	278	12	variable	variable	NOUN
arjefm-1159	278	13	:	:	PUNCT
arjefm-1159	278	14	gdpgr	gdpgr	NOUN
arjefm-1159	278	15	method	method	NOUN
arjefm-1159	278	16	:	:	PUNCT
arjefm-1159	278	17	least	least	ADJ
arjefm-1159	278	18	squares	square	NOUN
arjefm-1159	278	19	date	date	NOUN
arjefm-1159	278	20	:	:	PUNCT
arjefm-1159	278	21	03/10/24	03/10/24	NUM
arjefm-1159	278	22	time	time	NOUN
arjefm-1159	278	23	:	:	PUNCT
arjefm-1159	278	24	17:23	17:23	NUM
arjefm-1159	278	25	sample	sample	NOUN
arjefm-1159	278	26	:	:	PUNCT
arjefm-1159	278	27	1986	1986	NUM
arjefm-1159	278	28	2023	2023	NUM
arjefm-1159	278	29	included	include	VERB
arjefm-1159	278	30	observations	observation	NOUN
arjefm-1159	278	31	:	:	PUNCT
arjefm-1159	278	32	38	38	NUM
arjefm-1159	278	33	variable	variable	ADJ
arjefm-1159	278	34	coefficient	coefficient	NOUN
arjefm-1159	278	35	std	std	NOUN
arjefm-1159	278	36	.	.	NOUN
arjefm-1159	278	37	error	error	NOUN
arjefm-1159	278	38	t	t	NOUN
arjefm-1159	278	39	-	-	PUNCT
arjefm-1159	278	40	statistic	statistic	NOUN
arjefm-1159	278	41	prob	prob	NOUN
arjefm-1159	278	42	.	.	PUNCT
arjefm-1159	279	1	c	c	PROPN
arjefm-1159	279	2	5.331772	5.331772	NUM
arjefm-1159	279	3	1.065366	1.065366	NUM
arjefm-1159	279	4	5.004637	5.004637	NUM
arjefm-1159	279	5	0.0000	0.0000	NUM
arjefm-1159	279	6	log(asi	log(asi	NOUN
arjefm-1159	279	7	)	)	PUNCT
arjefm-1159	279	8	-0.246650	-0.246650	VERB
arjefm-1159	279	9	0.092419	0.092419	NUM
arjefm-1159	279	10	-2.668817	-2.668817	NOUN
arjefm-1159	279	11	0.0127	0.0127	NUM
arjefm-1159	279	12	log(mcap	log(mcap	NOUN
arjefm-1159	279	13	)	)	PUNCT
arjefm-1159	280	1	0.756482	0.756482	NUM
arjefm-1159	280	2	0.119113	0.119113	NUM
arjefm-1159	280	3	6.350944	6.350944	NUM
arjefm-1159	280	4	0.0000	0.0000	NUM
arjefm-1159	280	5	infr	infr	PROPN
arjefm-1159	280	6	-0.026133	-0.026133	PROPN
arjefm-1159	280	7	0.016607	0.016607	NUM
arjefm-1159	280	8	-1.573595	-1.573595	NOUN
arjefm-1159	280	9	0.1272	0.1272	NUM
arjefm-1159	281	1	fexr	fexr	ADJ
arjefm-1159	281	2	0.604317	0.604317	NUM
arjefm-1159	281	3	0.176699	0.176699	NUM
arjefm-1159	281	4	3.420030	3.420030	NUM
arjefm-1159	281	5	0.0020	0.0020	NUM
arjefm-1159	281	6	r	r	NOUN
arjefm-1159	281	7	-	-	PUNCT
arjefm-1159	281	8	squared	square	VERB
arjefm-1159	281	9	0.981031	0.981031	NUM
arjefm-1159	281	10	mean	mean	NOUN
arjefm-1159	281	11	dependent	dependent	ADJ
arjefm-1159	281	12	var	var	NOUN
arjefm-1159	281	13	9.057203	9.057203	NUM
arjefm-1159	281	14	adjusted	adjust	VERB
arjefm-1159	281	15	r	r	NOUN
arjefm-1159	281	16	-	-	PUNCT
arjefm-1159	281	17	squared	square	VERB
arjefm-1159	281	18	0.978221	0.978221	NUM
arjefm-1159	281	19	s.d	s.d	PROPN
arjefm-1159	281	20	.	.	PUNCT
arjefm-1159	281	21	dependent	dependent	ADJ
arjefm-1159	281	22	var	var	NOUN
arjefm-1159	281	23	2.014068	2.014068	NUM
arjefm-1159	281	24	s.e	s.e	PROPN
arjefm-1159	281	25	.	.	PROPN
arjefm-1159	281	26	of	of	ADP
arjefm-1159	281	27	regression	regression	NOUN
arjefm-1159	281	28	0.297230	0.297230	NUM
arjefm-1159	281	29	akaike	akaike	ADJ
arjefm-1159	281	30	info	info	NOUN
arjefm-1159	281	31	criterion	criterion	NOUN
arjefm-1159	281	32	0.553977	0.553977	NUM
arjefm-1159	281	33	sum	sum	NOUN
arjefm-1159	281	34	squared	square	VERB
arjefm-1159	281	35	resid	resid	NOUN
arjefm-1159	281	36	2.385326	2.385326	NUM
arjefm-1159	281	37	schwarz	schwarz	NOUN
arjefm-1159	281	38	criterion	criterion	NOUN
arjefm-1159	282	1	0.782998	0.782998	NUM
arjefm-1159	282	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	282	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	283	1	american	american	PROPN
arjefm-1159	283	2	research	research	PROPN
arjefm-1159	283	3	journal	journal	PROPN
arjefm-1159	283	4	of	of	ADP
arjefm-1159	283	5	economics	economic	NOUN
arjefm-1159	283	6	,	,	PUNCT
arjefm-1159	283	7	finance	finance	NOUN
arjefm-1159	283	8	and	and	CCONJ
arjefm-1159	283	9	management	management	NOUN
arjefm-1159	283	10	volume	volume	NOUN
arjefm-1159	283	11	12	12	NUM
arjefm-1159	283	12	issue	issue	NOUN
arjefm-1159	283	13	3	3	NUM
arjefm-1159	283	14	,	,	PUNCT
arjefm-1159	283	15	july	july	PROPN
arjefm-1159	283	16	-	-	PUNCT
arjefm-1159	283	17	september	september	PROPN
arjefm-1159	283	18	2024	2024	NUM
arjefm-1159	283	19	issn	issn	NOUN
arjefm-1159	283	20	:	:	PUNCT
arjefm-1159	283	21	2836	2836	NUM
arjefm-1159	283	22	-	-	SYM
arjefm-1159	283	23	9416	9416	NUM
arjefm-1159	283	24	impact	impact	NOUN
arjefm-1159	283	25	factor	factor	NOUN
arjefm-1159	283	26	:	:	PUNCT
arjefm-1159	283	27	4.85	4.85	NUM
arjefm-1159	283	28	journal	journal	NOUN
arjefm-1159	283	29	homepage	homepage	NOUN
arjefm-1159	283	30	:	:	PUNCT
arjefm-1159	283	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	283	32	,	,	PUNCT
arjefm-1159	283	33	email	email	NOUN
arjefm-1159	283	34	:	:	PUNCT
arjefm-1159	283	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	283	36	official	official	ADJ
arjefm-1159	283	37	journal	journal	PROPN
arjefm-1159	283	38	of	of	ADP
arjefm-1159	283	39	america	america	PROPN
arjefm-1159	283	40	serial	serial	PROPN
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arjefm-1159	283	42	american	american	PROPN
arjefm-1159	283	43	research	research	PROPN
arjefm-1159	283	44	journal	journal	PROPN
arjefm-1159	283	45	of	of	ADP
arjefm-1159	283	46	economics	economic	NOUN
arjefm-1159	283	47	,	,	PUNCT
arjefm-1159	283	48	finance	finance	NOUN
arjefm-1159	283	49	and	and	CCONJ
arjefm-1159	283	50	management	management	NOUN
arjefm-1159	283	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	283	52	,	,	PUNCT
arjefm-1159	283	53	email	email	NOUN
arjefm-1159	283	54	:	:	PUNCT
arjefm-1159	283	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	283	56	120	120	NUM
arjefm-1159	284	1	|	|	ADV
arjefm-1159	284	2	p	p	ADP
arjefm-1159	284	3	a	a	DET
arjefm-1159	284	4	g	g	NOUN
arjefm-1159	284	5	e	e	NOUN
arjefm-1159	284	6	log	log	NOUN
arjefm-1159	284	7	likelihood	likelihood	NOUN
arjefm-1159	284	8	-3.863630	-3.863630	PROPN
arjefm-1159	284	9	hannan	hannan	PROPN
arjefm-1159	284	10	-	-	PUNCT
arjefm-1159	284	11	quinn	quinn	PROPN
arjefm-1159	284	12	criter	criter	NOUN
arjefm-1159	284	13	.	.	PUNCT
arjefm-1159	285	1	0.629891	0.629891	NUM
arjefm-1159	285	2	f	f	X
arjefm-1159	285	3	-	-	PUNCT
arjefm-1159	285	4	statistic	statistic	ADJ
arjefm-1159	285	5	349.0991	349.0991	NUM
arjefm-1159	285	6	durbin	durbin	ADJ
arjefm-1159	285	7	-	-	PUNCT
arjefm-1159	285	8	watson	watson	NOUN
arjefm-1159	285	9	stat	stat	NOUN
arjefm-1159	285	10	1.934155	1.934155	NUM
arjefm-1159	285	11	prob.(f	prob.(f	NOUN
arjefm-1159	285	12	-	-	PUNCT
arjefm-1159	285	13	statistic	statistic	ADJ
arjefm-1159	285	14	)	)	PUNCT
arjefm-1159	285	15	0.000000	0.000000	NUM
arjefm-1159	285	16	source	source	NOUN
arjefm-1159	285	17	:	:	PUNCT
arjefm-1159	285	18	author	author	NOUN
arjefm-1159	285	19	’s	’s	PART
arjefm-1159	285	20	computations	computation	NOUN
arjefm-1159	285	21	aided	aid	VERB
arjefm-1159	285	22	by	by	ADP
arjefm-1159	285	23	e	e	NOUN
arjefm-1159	285	24	views	view	NOUN
arjefm-1159	285	25	,	,	PUNCT
arjefm-1159	285	26	2024	2024	NUM
arjefm-1159	285	27	gdpgrt	gdpgrt	X
arjefm-1159	285	28	=	=	NOUN
arjefm-1159	285	29	5.33	5.33	NUM
arjefm-1159	285	30	–	–	PUNCT
arjefm-1159	285	31	0.247	0.247	NUM
arjefm-1159	285	32	log	log	NOUN
arjefm-1159	285	33	asi	asi	NOUN
arjefm-1159	285	34	+	+	CCONJ
arjefm-1159	285	35	0.756	0.756	NUM
arjefm-1159	285	36	log	log	NOUN
arjefm-1159	285	37	mcap	mcap	NOUN
arjefm-1159	285	38	0.026	0.026	NUM
arjefm-1159	285	39	infr	infr	ADP
arjefm-1159	285	40	+	+	NOUN
arjefm-1159	285	41	0.604	0.604	NUM
arjefm-1159	285	42	fexr	fexr	ADJ
arjefm-1159	285	43	results	result	NOUN
arjefm-1159	285	44	and	and	CCONJ
arjefm-1159	285	45	discussion	discussion	NOUN
arjefm-1159	285	46	it	it	PRON
arjefm-1159	285	47	is	be	AUX
arjefm-1159	285	48	evident	evident	ADJ
arjefm-1159	285	49	from	from	ADP
arjefm-1159	285	50	the	the	DET
arjefm-1159	285	51	findings	finding	NOUN
arjefm-1159	285	52	in	in	ADP
arjefm-1159	285	53	table	table	NOUN
arjefm-1159	285	54	4.3	4.3	NUM
arjefm-1159	285	55	that	that	SCONJ
arjefm-1159	285	56	the	the	DET
arjefm-1159	285	57	all	all	DET
arjefm-1159	285	58	-	-	PUNCT
arjefm-1159	285	59	share	share	NOUN
arjefm-1159	285	60	index	index	NOUN
arjefm-1159	285	61	significantly	significantly	ADV
arjefm-1159	285	62	influenced	influence	VERB
arjefm-1159	285	63	nigeria	nigeria	PROPN
arjefm-1159	285	64	's	's	PART
arjefm-1159	285	65	gdp	gdp	NOUN
arjefm-1159	285	66	growth	growth	NOUN
arjefm-1159	285	67	rate	rate	NOUN
arjefm-1159	285	68	during	during	ADP
arjefm-1159	285	69	the	the	DET
arjefm-1159	285	70	review	review	NOUN
arjefm-1159	285	71	period	period	NOUN
arjefm-1159	285	72	.	.	PUNCT
arjefm-1159	286	1	the	the	DET
arjefm-1159	286	2	probability	probability	NOUN
arjefm-1159	286	3	value	value	NOUN
arjefm-1159	286	4	0.0127<0.05	0.0127<0.05	NOUN
arjefm-1159	286	5	explains	explain	VERB
arjefm-1159	286	6	this	this	PRON
arjefm-1159	286	7	.	.	PUNCT
arjefm-1159	287	1	the	the	DET
arjefm-1159	287	2	effect	effect	NOUN
arjefm-1159	287	3	was	be	AUX
arjefm-1159	287	4	negative	negative	ADJ
arjefm-1159	287	5	(	(	PUNCT
arjefm-1159	287	6	the	the	DET
arjefm-1159	287	7	asi	asi	PROPN
arjefm-1159	287	8	coefficient	coefficient	NOUN
arjefm-1159	287	9	is	be	AUX
arjefm-1159	287	10	roughly	roughly	ADV
arjefm-1159	287	11	-0.25	-0.25	NUM
arjefm-1159	287	12	)	)	PUNCT
arjefm-1159	287	13	.	.	PUNCT
arjefm-1159	288	1	consequently	consequently	ADV
arjefm-1159	288	2	,	,	PUNCT
arjefm-1159	288	3	the	the	DET
arjefm-1159	288	4	alternative	alternative	ADJ
arjefm-1159	288	5	hypothesis	hypothesis	NOUN
arjefm-1159	288	6	is	be	AUX
arjefm-1159	288	7	accepted	accept	VERB
arjefm-1159	288	8	and	and	CCONJ
arjefm-1159	288	9	the	the	DET
arjefm-1159	288	10	null	null	ADJ
arjefm-1159	288	11	hypothesis	hypothesis	NOUN
arjefm-1159	288	12	is	be	AUX
arjefm-1159	288	13	rejected	reject	VERB
arjefm-1159	288	14	for	for	ADP
arjefm-1159	288	15	the	the	DET
arjefm-1159	288	16	all	all	DET
arjefm-1159	288	17	-	-	PUNCT
arjefm-1159	288	18	share	share	NOUN
arjefm-1159	288	19	index	index	NOUN
arjefm-1159	288	20	(	(	PUNCT
arjefm-1159	288	21	0.0127<0.05	0.0127<0.05	NOUN
arjefm-1159	288	22	)	)	PUNCT
arjefm-1159	288	23	.	.	PUNCT
arjefm-1159	289	1	the	the	DET
arjefm-1159	289	2	findings	finding	NOUN
arjefm-1159	289	3	also	also	ADV
arjefm-1159	289	4	show	show	VERB
arjefm-1159	289	5	that	that	SCONJ
arjefm-1159	289	6	during	during	ADP
arjefm-1159	289	7	the	the	DET
arjefm-1159	289	8	review	review	NOUN
arjefm-1159	289	9	period	period	NOUN
arjefm-1159	289	10	,	,	PUNCT
arjefm-1159	289	11	nigeria	nigeria	PROPN
arjefm-1159	289	12	's	's	PART
arjefm-1159	289	13	gdp	gdp	NOUN
arjefm-1159	289	14	growth	growth	NOUN
arjefm-1159	289	15	rate	rate	NOUN
arjefm-1159	289	16	was	be	AUX
arjefm-1159	289	17	significantly	significantly	ADV
arjefm-1159	289	18	impacted	impact	VERB
arjefm-1159	289	19	by	by	ADP
arjefm-1159	289	20	market	market	NOUN
arjefm-1159	289	21	capitalization	capitalization	NOUN
arjefm-1159	289	22	.	.	PUNCT
arjefm-1159	290	1	the	the	DET
arjefm-1159	290	2	probability	probability	NOUN
arjefm-1159	290	3	value	value	NOUN
arjefm-1159	290	4	0.0000<0.05	0.0000<0.05	NOUN
arjefm-1159	290	5	explains	explain	VERB
arjefm-1159	290	6	this	this	PRON
arjefm-1159	290	7	.	.	PUNCT
arjefm-1159	291	1	the	the	DET
arjefm-1159	291	2	effect	effect	NOUN
arjefm-1159	291	3	was	be	AUX
arjefm-1159	291	4	positive	positive	ADJ
arjefm-1159	291	5	(	(	PUNCT
arjefm-1159	291	6	the	the	DET
arjefm-1159	291	7	mcap	mcap	NOUN
arjefm-1159	291	8	coefficient	coefficient	NOUN
arjefm-1159	291	9	is	be	AUX
arjefm-1159	291	10	roughly	roughly	ADV
arjefm-1159	291	11	0.76	0.76	NUM
arjefm-1159	291	12	)	)	PUNCT
arjefm-1159	291	13	.	.	PUNCT
arjefm-1159	292	1	consequently	consequently	ADV
arjefm-1159	292	2	,	,	PUNCT
arjefm-1159	292	3	the	the	DET
arjefm-1159	292	4	alternative	alternative	ADJ
arjefm-1159	292	5	hypothesis	hypothesis	NOUN
arjefm-1159	292	6	is	be	AUX
arjefm-1159	292	7	accepted	accept	VERB
arjefm-1159	292	8	and	and	CCONJ
arjefm-1159	292	9	the	the	DET
arjefm-1159	292	10	null	null	ADJ
arjefm-1159	292	11	hypothesis	hypothesis	NOUN
arjefm-1159	292	12	is	be	AUX
arjefm-1159	292	13	rejected	reject	VERB
arjefm-1159	292	14	for	for	ADP
arjefm-1159	292	15	the	the	DET
arjefm-1159	292	16	mcap	mcap	NOUN
arjefm-1159	292	17	(	(	PUNCT
arjefm-1159	292	18	0.0000<0.05	0.0000<0.05	NOUN
arjefm-1159	292	19	)	)	PUNCT
arjefm-1159	292	20	.	.	PUNCT
arjefm-1159	293	1	discussions	discussion	NOUN
arjefm-1159	293	2	of	of	ADP
arjefm-1159	293	3	the	the	DET
arjefm-1159	293	4	findings	finding	NOUN
arjefm-1159	293	5	derived	derive	VERB
arjefm-1159	293	6	from	from	ADP
arjefm-1159	293	7	the	the	DET
arjefm-1159	293	8	regression	regression	NOUN
arjefm-1159	293	9	results	result	NOUN
arjefm-1159	293	10	are	be	AUX
arjefm-1159	293	11	provided	provide	VERB
arjefm-1159	293	12	below	below	ADP
arjefm-1159	293	13	.	.	PUNCT
arjefm-1159	294	1	i	i	PRON
arjefm-1159	294	2	)	)	PUNCT
arjefm-1159	294	3	objective	objective	ADJ
arjefm-1159	294	4	one	one	NUM
arjefm-1159	294	5	:	:	PUNCT
arjefm-1159	294	6	examine	examine	VERB
arjefm-1159	294	7	the	the	DET
arjefm-1159	294	8	impact	impact	NOUN
arjefm-1159	294	9	of	of	ADP
arjefm-1159	294	10	all	all	DET
arjefm-1159	294	11	share	share	NOUN
arjefm-1159	294	12	index	index	NOUN
arjefm-1159	294	13	on	on	ADP
arjefm-1159	294	14	gdp	gdp	NOUN
arjefm-1159	294	15	growth	growth	NOUN
arjefm-1159	294	16	rate	rate	NOUN
arjefm-1159	294	17	in	in	ADP
arjefm-1159	294	18	nigeria	nigeria	PRON
arjefm-1159	294	19	the	the	DET
arjefm-1159	294	20	results	result	NOUN
arjefm-1159	294	21	of	of	ADP
arjefm-1159	294	22	the	the	DET
arjefm-1159	294	23	aforementioned	aforementioned	ADJ
arjefm-1159	294	24	objective	objective	NOUN
arjefm-1159	294	25	show	show	NOUN
arjefm-1159	294	26	that	that	SCONJ
arjefm-1159	294	27	,	,	PUNCT
arjefm-1159	294	28	during	during	ADP
arjefm-1159	294	29	the	the	DET
arjefm-1159	294	30	study	study	NOUN
arjefm-1159	294	31	period	period	NOUN
arjefm-1159	294	32	,	,	PUNCT
arjefm-1159	294	33	the	the	DET
arjefm-1159	294	34	all	all	DET
arjefm-1159	294	35	-	-	PUNCT
arjefm-1159	294	36	share	share	NOUN
arjefm-1159	294	37	index	index	NOUN
arjefm-1159	294	38	significantly	significantly	ADV
arjefm-1159	294	39	influenced	influence	VERB
arjefm-1159	294	40	nigeria	nigeria	PROPN
arjefm-1159	294	41	's	's	PART
arjefm-1159	294	42	gdp	gdp	NOUN
arjefm-1159	294	43	growth	growth	NOUN
arjefm-1159	294	44	rate	rate	NOUN
arjefm-1159	294	45	.	.	PUNCT
arjefm-1159	295	1	the	the	DET
arjefm-1159	295	2	impact	impact	NOUN
arjefm-1159	295	3	was	be	AUX
arjefm-1159	295	4	negative	negative	ADJ
arjefm-1159	295	5	,	,	PUNCT
arjefm-1159	295	6	meaning	mean	VERB
arjefm-1159	295	7	that	that	SCONJ
arjefm-1159	295	8	the	the	DET
arjefm-1159	295	9	gdp	gdp	NOUN
arjefm-1159	295	10	growth	growth	NOUN
arjefm-1159	295	11	rate	rate	NOUN
arjefm-1159	295	12	fell	fall	VERB
arjefm-1159	295	13	as	as	SCONJ
arjefm-1159	295	14	the	the	DET
arjefm-1159	295	15	all	all	DET
arjefm-1159	295	16	-	-	PUNCT
arjefm-1159	295	17	share	share	NOUN
arjefm-1159	295	18	index	index	NOUN
arjefm-1159	295	19	rose	rise	VERB
arjefm-1159	295	20	and	and	CCONJ
arjefm-1159	295	21	vice	vice	ADV
arjefm-1159	295	22	versa	versa	ADV
arjefm-1159	295	23	.	.	PUNCT
arjefm-1159	296	1	to	to	PART
arjefm-1159	296	2	put	put	VERB
arjefm-1159	296	3	it	it	PRON
arjefm-1159	296	4	another	another	DET
arjefm-1159	296	5	way	way	NOUN
arjefm-1159	296	6	,	,	PUNCT
arjefm-1159	296	7	the	the	DET
arjefm-1159	296	8	study	study	NOUN
arjefm-1159	296	9	indicates	indicate	VERB
arjefm-1159	296	10	that	that	SCONJ
arjefm-1159	296	11	during	during	ADP
arjefm-1159	296	12	the	the	DET
arjefm-1159	296	13	review	review	NOUN
arjefm-1159	296	14	period	period	NOUN
arjefm-1159	296	15	,	,	PUNCT
arjefm-1159	296	16	nigeria	nigeria	PROPN
arjefm-1159	296	17	's	's	PART
arjefm-1159	296	18	economic	economic	ADJ
arjefm-1159	296	19	growth	growth	NOUN
arjefm-1159	296	20	and	and	CCONJ
arjefm-1159	296	21	all	all	DET
arjefm-1159	296	22	-	-	PUNCT
arjefm-1159	296	23	share	share	NOUN
arjefm-1159	296	24	index	index	NOUN
arjefm-1159	296	25	were	be	AUX
arjefm-1159	296	26	inversely	inversely	ADV
arjefm-1159	296	27	related	relate	VERB
arjefm-1159	296	28	.	.	PUNCT
arjefm-1159	297	1	these	these	DET
arjefm-1159	297	2	findings	finding	NOUN
arjefm-1159	297	3	imply	imply	VERB
arjefm-1159	297	4	that	that	SCONJ
arjefm-1159	297	5	the	the	DET
arjefm-1159	297	6	all	all	DET
arjefm-1159	297	7	-	-	PUNCT
arjefm-1159	297	8	share	share	NOUN
arjefm-1159	297	9	index	index	NOUN
arjefm-1159	297	10	's	's	PART
arjefm-1159	297	11	measurement	measurement	NOUN
arjefm-1159	297	12	of	of	ADP
arjefm-1159	297	13	stock	stock	NOUN
arjefm-1159	297	14	market	market	NOUN
arjefm-1159	297	15	performance	performance	NOUN
arjefm-1159	297	16	might	might	AUX
arjefm-1159	297	17	not	not	PART
arjefm-1159	297	18	be	be	AUX
arjefm-1159	297	19	a	a	DET
arjefm-1159	297	20	reliable	reliable	ADJ
arjefm-1159	297	21	indicator	indicator	NOUN
arjefm-1159	297	22	of	of	ADP
arjefm-1159	297	23	the	the	DET
arjefm-1159	297	24	state	state	NOUN
arjefm-1159	297	25	of	of	ADP
arjefm-1159	297	26	the	the	DET
arjefm-1159	297	27	nigerian	nigerian	ADJ
arjefm-1159	297	28	economy	economy	NOUN
arjefm-1159	297	29	as	as	ADP
arjefm-1159	297	30	a	a	DET
arjefm-1159	297	31	whole	whole	NOUN
arjefm-1159	297	32	.	.	PUNCT
arjefm-1159	298	1	gdp	gdp	NOUN
arjefm-1159	298	2	growth	growth	NOUN
arjefm-1159	298	3	may	may	AUX
arjefm-1159	298	4	be	be	AUX
arjefm-1159	298	5	more	more	ADV
arjefm-1159	298	6	significantly	significantly	ADV
arjefm-1159	298	7	influenced	influence	VERB
arjefm-1159	298	8	by	by	ADP
arjefm-1159	298	9	other	other	ADJ
arjefm-1159	298	10	factors	factor	NOUN
arjefm-1159	298	11	,	,	PUNCT
arjefm-1159	298	12	such	such	ADJ
arjefm-1159	298	13	as	as	ADP
arjefm-1159	298	14	sector	sector	NOUN
arjefm-1159	298	15	-	-	PUNCT
arjefm-1159	298	16	specific	specific	ADJ
arjefm-1159	298	17	problems	problem	NOUN
arjefm-1159	298	18	,	,	PUNCT
arjefm-1159	298	19	external	external	ADJ
arjefm-1159	298	20	shocks	shock	NOUN
arjefm-1159	298	21	,	,	PUNCT
arjefm-1159	298	22	or	or	CCONJ
arjefm-1159	298	23	government	government	NOUN
arjefm-1159	298	24	initiatives	initiative	NOUN
arjefm-1159	298	25	.	.	PUNCT
arjefm-1159	299	1	furthermore	furthermore	ADV
arjefm-1159	299	2	,	,	PUNCT
arjefm-1159	299	3	the	the	DET
arjefm-1159	299	4	observed	observe	VERB
arjefm-1159	299	5	negative	negative	ADJ
arjefm-1159	299	6	link	link	NOUN
arjefm-1159	299	7	may	may	AUX
arjefm-1159	299	8	suggest	suggest	VERB
arjefm-1159	299	9	that	that	SCONJ
arjefm-1159	299	10	other	other	ADJ
arjefm-1159	299	11	factors	factor	NOUN
arjefm-1159	299	12	have	have	VERB
arjefm-1159	299	13	a	a	DET
arjefm-1159	299	14	greater	great	ADJ
arjefm-1159	299	15	influence	influence	NOUN
arjefm-1159	299	16	on	on	ADP
arjefm-1159	299	17	the	the	DET
arjefm-1159	299	18	relationship	relationship	NOUN
arjefm-1159	299	19	between	between	ADP
arjefm-1159	299	20	these	these	DET
arjefm-1159	299	21	two	two	NUM
arjefm-1159	299	22	variables	variable	NOUN
arjefm-1159	299	23	or	or	CCONJ
arjefm-1159	299	24	that	that	SCONJ
arjefm-1159	299	25	the	the	DET
arjefm-1159	299	26	stock	stock	NOUN
arjefm-1159	299	27	market	market	NOUN
arjefm-1159	299	28	is	be	AUX
arjefm-1159	299	29	not	not	PART
arjefm-1159	299	30	a	a	DET
arjefm-1159	299	31	useful	useful	ADJ
arjefm-1159	299	32	tool	tool	NOUN
arjefm-1159	299	33	for	for	ADP
arjefm-1159	299	34	promoting	promote	VERB
arjefm-1159	299	35	economic	economic	ADJ
arjefm-1159	299	36	growth	growth	NOUN
arjefm-1159	299	37	in	in	ADP
arjefm-1159	299	38	nigeria	nigeria	PROPN
arjefm-1159	299	39	during	during	ADP
arjefm-1159	299	40	the	the	DET
arjefm-1159	299	41	review	review	NOUN
arjefm-1159	299	42	period	period	NOUN
arjefm-1159	299	43	.	.	PUNCT
arjefm-1159	300	1	shravani	shravani	PROPN
arjefm-1159	300	2	and	and	CCONJ
arjefm-1159	300	3	sharma	sharma	PROPN
arjefm-1159	300	4	(	(	PUNCT
arjefm-1159	300	5	2020	2020	NUM
arjefm-1159	300	6	)	)	PUNCT
arjefm-1159	300	7	found	find	VERB
arjefm-1159	300	8	a	a	DET
arjefm-1159	300	9	long	long	ADJ
arjefm-1159	300	10	-	-	PUNCT
arjefm-1159	300	11	term	term	NOUN
arjefm-1159	300	12	relationship	relationship	NOUN
arjefm-1159	300	13	between	between	ADP
arjefm-1159	300	14	the	the	DET
arjefm-1159	300	15	indian	indian	ADJ
arjefm-1159	300	16	stock	stock	NOUN
arjefm-1159	300	17	market	market	NOUN
arjefm-1159	300	18	and	and	CCONJ
arjefm-1159	300	19	industrial	industrial	ADJ
arjefm-1159	300	20	production	production	NOUN
arjefm-1159	300	21	using	use	VERB
arjefm-1159	300	22	the	the	DET
arjefm-1159	300	23	ardl	ardl	NOUN
arjefm-1159	300	24	model	model	NOUN
arjefm-1159	300	25	,	,	PUNCT
arjefm-1159	300	26	aligning	align	VERB
arjefm-1159	300	27	with	with	ADP
arjefm-1159	300	28	our	our	PRON
arjefm-1159	300	29	findings	finding	NOUN
arjefm-1159	300	30	.	.	PUNCT
arjefm-1159	301	1	however	however	ADV
arjefm-1159	301	2	,	,	PUNCT
arjefm-1159	301	3	osakure	osakure	VERB
arjefm-1159	301	4	and	and	CCONJ
arjefm-1159	301	5	ananwude	ananwude	VERB
arjefm-1159	301	6	's	's	PART
arjefm-1159	301	7	(	(	PUNCT
arjefm-1159	301	8	2017	2017	NUM
arjefm-1159	301	9	)	)	PUNCT
arjefm-1159	301	10	study	study	NOUN
arjefm-1159	301	11	,	,	PUNCT
arjefm-1159	301	12	which	which	PRON
arjefm-1159	301	13	analyzed	analyze	VERB
arjefm-1159	301	14	stock	stock	NOUN
arjefm-1159	301	15	market	market	NOUN
arjefm-1159	301	16	evolution	evolution	NOUN
arjefm-1159	301	17	and	and	CCONJ
arjefm-1159	301	18	economic	economic	ADJ
arjefm-1159	301	19	growth	growth	NOUN
arjefm-1159	301	20	in	in	ADP
arjefm-1159	301	21	south	south	PROPN
arjefm-1159	301	22	africa	africa	PROPN
arjefm-1159	301	23	and	and	CCONJ
arjefm-1159	301	24	nigeria	nigeria	PROPN
arjefm-1159	301	25	,	,	PUNCT
arjefm-1159	301	26	found	find	VERB
arjefm-1159	301	27	only	only	ADV
arjefm-1159	301	28	a	a	DET
arjefm-1159	301	29	weak	weak	ADJ
arjefm-1159	301	30	correlation	correlation	NOUN
arjefm-1159	301	31	between	between	ADP
arjefm-1159	301	32	the	the	DET
arjefm-1159	301	33	two	two	NUM
arjefm-1159	301	34	,	,	PUNCT
arjefm-1159	301	35	contradicting	contradict	VERB
arjefm-1159	301	36	our	our	PRON
arjefm-1159	301	37	results	result	NOUN
arjefm-1159	301	38	.	.	PUNCT
arjefm-1159	302	1	their	their	PRON
arjefm-1159	302	2	analysis	analysis	NOUN
arjefm-1159	302	3	,	,	PUNCT
arjefm-1159	302	4	conducted	conduct	VERB
arjefm-1159	302	5	using	use	VERB
arjefm-1159	302	6	ardl	ardl	NOUN
arjefm-1159	302	7	and	and	CCONJ
arjefm-1159	302	8	time	time	NOUN
arjefm-1159	302	9	series	series	PROPN
arjefm-1159	302	10	data	data	PROPN
arjefm-1159	302	11	from	from	ADP
arjefm-1159	302	12	1981	1981	NUM
arjefm-1159	302	13	to	to	ADP
arjefm-1159	302	14	2015	2015	NUM
arjefm-1159	302	15	,	,	PUNCT
arjefm-1159	302	16	revealed	reveal	VERB
arjefm-1159	302	17	a	a	DET
arjefm-1159	302	18	weak	weak	ADJ
arjefm-1159	302	19	but	but	CCONJ
arjefm-1159	302	20	positive	positive	ADJ
arjefm-1159	302	21	association	association	NOUN
arjefm-1159	302	22	in	in	ADP
arjefm-1159	302	23	both	both	CCONJ
arjefm-1159	302	24	the	the	DET
arjefm-1159	302	25	short	short	ADJ
arjefm-1159	302	26	and	and	CCONJ
arjefm-1159	302	27	long	long	ADJ
arjefm-1159	302	28	terms	term	NOUN
arjefm-1159	302	29	.	.	PUNCT
arjefm-1159	303	1	ii	ii	X
arjefm-1159	303	2	)	)	PUNCT
arjefm-1159	303	3	objective	objective	NOUN
arjefm-1159	303	4	two	two	NUM
arjefm-1159	303	5	:	:	PUNCT
arjefm-1159	303	6	assess	assess	VERB
arjefm-1159	303	7	the	the	DET
arjefm-1159	303	8	impact	impact	NOUN
arjefm-1159	303	9	of	of	ADP
arjefm-1159	303	10	market	market	NOUN
arjefm-1159	303	11	capitalization	capitalization	NOUN
arjefm-1159	303	12	on	on	ADP
arjefm-1159	303	13	gdp	gdp	NOUN
arjefm-1159	303	14	growth	growth	NOUN
arjefm-1159	303	15	rate	rate	NOUN
arjefm-1159	303	16	in	in	ADP
arjefm-1159	303	17	nigeria	nigeria	PROPN
arjefm-1159	303	18	the	the	DET
arjefm-1159	303	19	market	market	NOUN
arjefm-1159	303	20	capitalization	capitalization	NOUN
arjefm-1159	303	21	and	and	CCONJ
arjefm-1159	303	22	gdp	gdp	NOUN
arjefm-1159	303	23	growth	growth	NOUN
arjefm-1159	303	24	rate	rate	NOUN
arjefm-1159	303	25	in	in	ADP
arjefm-1159	303	26	nigeria	nigeria	PROPN
arjefm-1159	303	27	over	over	ADP
arjefm-1159	303	28	the	the	DET
arjefm-1159	303	29	review	review	NOUN
arjefm-1159	303	30	period	period	NOUN
arjefm-1159	303	31	were	be	AUX
arjefm-1159	303	32	shown	show	VERB
arjefm-1159	303	33	to	to	PART
arjefm-1159	303	34	be	be	AUX
arjefm-1159	303	35	significantly	significantly	ADV
arjefm-1159	303	36	positively	positively	ADV
arjefm-1159	303	37	correlated	correlate	VERB
arjefm-1159	303	38	by	by	ADP
arjefm-1159	303	39	the	the	DET
arjefm-1159	303	40	study	study	NOUN
arjefm-1159	303	41	.	.	PUNCT
arjefm-1159	304	1	this	this	PRON
arjefm-1159	304	2	shows	show	VERB
arjefm-1159	304	3	that	that	SCONJ
arjefm-1159	304	4	rising	rise	VERB
arjefm-1159	304	5	market	market	NOUN
arjefm-1159	304	6	capitalization	capitalization	NOUN
arjefm-1159	304	7	was	be	AUX
arjefm-1159	304	8	linked	link	VERB
arjefm-1159	304	9	to	to	ADP
arjefm-1159	304	10	rising	rise	VERB
arjefm-1159	304	11	economic	economic	ADJ
arjefm-1159	304	12	growth	growth	NOUN
arjefm-1159	304	13	,	,	PUNCT
arjefm-1159	304	14	indicating	indicate	VERB
arjefm-1159	304	15	that	that	SCONJ
arjefm-1159	304	16	the	the	DET
arjefm-1159	304	17	stock	stock	NOUN
arjefm-1159	304	18	market	market	NOUN
arjefm-1159	304	19	contributed	contribute	VERB
arjefm-1159	304	20	to	to	ADP
arjefm-1159	304	21	the	the	DET
arjefm-1159	304	22	nation	nation	NOUN
arjefm-1159	304	23	's	's	PART
arjefm-1159	304	24	economic	economic	ADJ
arjefm-1159	304	25	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	304	26	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	304	27	american	american	PROPN
arjefm-1159	304	28	research	research	PROPN
arjefm-1159	304	29	journal	journal	PROPN
arjefm-1159	304	30	of	of	ADP
arjefm-1159	304	31	economics	economic	NOUN
arjefm-1159	304	32	,	,	PUNCT
arjefm-1159	304	33	finance	finance	NOUN
arjefm-1159	304	34	and	and	CCONJ
arjefm-1159	304	35	management	management	NOUN
arjefm-1159	304	36	volume	volume	NOUN
arjefm-1159	304	37	12	12	NUM
arjefm-1159	304	38	issue	issue	NOUN
arjefm-1159	304	39	3	3	NUM
arjefm-1159	304	40	,	,	PUNCT
arjefm-1159	304	41	july	july	PROPN
arjefm-1159	304	42	-	-	PUNCT
arjefm-1159	304	43	september	september	PROPN
arjefm-1159	304	44	2024	2024	NUM
arjefm-1159	304	45	issn	issn	NOUN
arjefm-1159	304	46	:	:	PUNCT
arjefm-1159	304	47	2836	2836	NUM
arjefm-1159	304	48	-	-	SYM
arjefm-1159	304	49	9416	9416	NUM
arjefm-1159	304	50	impact	impact	NOUN
arjefm-1159	304	51	factor	factor	NOUN
arjefm-1159	304	52	:	:	PUNCT
arjefm-1159	304	53	4.85	4.85	NUM
arjefm-1159	304	54	journal	journal	NOUN
arjefm-1159	304	55	homepage	homepage	NOUN
arjefm-1159	304	56	:	:	PUNCT
arjefm-1159	304	57	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	304	58	,	,	PUNCT
arjefm-1159	304	59	email	email	NOUN
arjefm-1159	304	60	:	:	PUNCT
arjefm-1159	304	61	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	304	62	official	official	ADJ
arjefm-1159	304	63	journal	journal	PROPN
arjefm-1159	304	64	of	of	ADP
arjefm-1159	304	65	america	america	PROPN
arjefm-1159	304	66	serial	serial	PROPN
arjefm-1159	304	67	publication	publication	NOUN
arjefm-1159	304	68	american	american	PROPN
arjefm-1159	304	69	research	research	PROPN
arjefm-1159	304	70	journal	journal	PROPN
arjefm-1159	304	71	of	of	ADP
arjefm-1159	304	72	economics	economic	NOUN
arjefm-1159	304	73	,	,	PUNCT
arjefm-1159	304	74	finance	finance	NOUN
arjefm-1159	304	75	and	and	CCONJ
arjefm-1159	304	76	management	management	NOUN
arjefm-1159	304	77	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	304	78	,	,	PUNCT
arjefm-1159	304	79	email	email	NOUN
arjefm-1159	304	80	:	:	PUNCT
arjefm-1159	305	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	305	2	121	121	NUM
arjefm-1159	306	1	|	|	ADV
arjefm-1159	306	2	p	p	NOUN
arjefm-1159	306	3	a	a	DET
arjefm-1159	306	4	g	g	NOUN
arjefm-1159	306	5	e	e	NOUN
arjefm-1159	306	6	growth	growth	NOUN
arjefm-1159	306	7	over	over	ADP
arjefm-1159	306	8	the	the	DET
arjefm-1159	306	9	study	study	NOUN
arjefm-1159	306	10	period	period	NOUN
arjefm-1159	306	11	.	.	PUNCT
arjefm-1159	307	1	this	this	DET
arjefm-1159	307	2	finding	finding	NOUN
arjefm-1159	307	3	suggests	suggest	VERB
arjefm-1159	307	4	that	that	SCONJ
arjefm-1159	307	5	stock	stock	NOUN
arjefm-1159	307	6	market	market	NOUN
arjefm-1159	307	7	plays	play	VERB
arjefm-1159	307	8	an	an	DET
arjefm-1159	307	9	important	important	ADJ
arjefm-1159	307	10	role	role	NOUN
arjefm-1159	307	11	in	in	ADP
arjefm-1159	307	12	driving	drive	VERB
arjefm-1159	307	13	economic	economic	ADJ
arjefm-1159	307	14	growth	growth	NOUN
arjefm-1159	307	15	in	in	ADP
arjefm-1159	307	16	nigeria	nigeria	PROPN
arjefm-1159	307	17	,	,	PUNCT
arjefm-1159	307	18	as	as	SCONJ
arjefm-1159	307	19	increases	increase	NOUN
arjefm-1159	307	20	in	in	ADP
arjefm-1159	307	21	market	market	NOUN
arjefm-1159	307	22	capitalization	capitalization	NOUN
arjefm-1159	307	23	are	be	AUX
arjefm-1159	307	24	associated	associate	VERB
arjefm-1159	307	25	with	with	ADP
arjefm-1159	307	26	increases	increase	NOUN
arjefm-1159	307	27	in	in	ADP
arjefm-1159	307	28	gdp	gdp	NOUN
arjefm-1159	307	29	growth	growth	NOUN
arjefm-1159	307	30	.	.	PUNCT
arjefm-1159	308	1	a	a	DET
arjefm-1159	308	2	thriving	thrive	VERB
arjefm-1159	308	3	stock	stock	NOUN
arjefm-1159	308	4	market	market	NOUN
arjefm-1159	308	5	can	can	AUX
arjefm-1159	308	6	contribute	contribute	VERB
arjefm-1159	308	7	to	to	ADP
arjefm-1159	308	8	economic	economic	ADJ
arjefm-1159	308	9	growth	growth	NOUN
arjefm-1159	308	10	by	by	ADP
arjefm-1159	308	11	facilitating	facilitate	VERB
arjefm-1159	308	12	capital	capital	NOUN
arjefm-1159	308	13	mobilization	mobilization	NOUN
arjefm-1159	308	14	for	for	ADP
arjefm-1159	308	15	businesses	business	NOUN
arjefm-1159	308	16	,	,	PUNCT
arjefm-1159	308	17	encouraging	encourage	VERB
arjefm-1159	308	18	investment	investment	NOUN
arjefm-1159	308	19	and	and	CCONJ
arjefm-1159	308	20	economic	economic	ADJ
arjefm-1159	308	21	activity	activity	NOUN
arjefm-1159	308	22	,	,	PUNCT
arjefm-1159	308	23	and	and	CCONJ
arjefm-1159	308	24	fostering	foster	VERB
arjefm-1159	308	25	overall	overall	ADJ
arjefm-1159	308	26	economic	economic	ADJ
arjefm-1159	308	27	development	development	NOUN
arjefm-1159	308	28	.	.	PUNCT
arjefm-1159	309	1	while	while	SCONJ
arjefm-1159	309	2	this	this	DET
arjefm-1159	309	3	finding	finding	NOUN
arjefm-1159	309	4	aligns	align	VERB
arjefm-1159	309	5	with	with	ADP
arjefm-1159	309	6	chikwira	chikwira	PROPN
arjefm-1159	309	7	's	's	PART
arjefm-1159	309	8	2023	2023	NUM
arjefm-1159	309	9	study	study	NOUN
arjefm-1159	309	10	in	in	ADP
arjefm-1159	309	11	zimbabwe	zimbabwe	PROPN
arjefm-1159	309	12	,	,	PUNCT
arjefm-1159	309	13	which	which	PRON
arjefm-1159	309	14	also	also	ADV
arjefm-1159	309	15	found	find	VERB
arjefm-1159	309	16	a	a	DET
arjefm-1159	309	17	positive	positive	ADJ
arjefm-1159	309	18	relationship	relationship	NOUN
arjefm-1159	309	19	between	between	ADP
arjefm-1159	309	20	stock	stock	NOUN
arjefm-1159	309	21	market	market	NOUN
arjefm-1159	309	22	development	development	NOUN
arjefm-1159	309	23	and	and	CCONJ
arjefm-1159	309	24	economic	economic	ADJ
arjefm-1159	309	25	growth	growth	NOUN
arjefm-1159	309	26	,	,	PUNCT
arjefm-1159	309	27	it	it	PRON
arjefm-1159	309	28	contradicts	contradict	VERB
arjefm-1159	309	29	the	the	DET
arjefm-1159	309	30	findings	finding	NOUN
arjefm-1159	309	31	of	of	ADP
arjefm-1159	309	32	olusegun	olusegun	NOUN
arjefm-1159	309	33	and	and	CCONJ
arjefm-1159	309	34	ajao	ajao	NOUN
arjefm-1159	309	35	's	's	PART
arjefm-1159	309	36	2024	2024	NUM
arjefm-1159	309	37	study	study	NOUN
arjefm-1159	309	38	in	in	ADP
arjefm-1159	309	39	nigeria	nigeria	PROPN
arjefm-1159	309	40	.	.	PUNCT
arjefm-1159	310	1	5	5	X
arjefm-1159	310	2	.	.	X
arjefm-1159	310	3	conclusion	conclusion	NOUN
arjefm-1159	310	4	and	and	CCONJ
arjefm-1159	310	5	recommendations	recommendation	NOUN
arjefm-1159	310	6	the	the	DET
arjefm-1159	310	7	results	result	NOUN
arjefm-1159	310	8	of	of	ADP
arjefm-1159	310	9	this	this	DET
arjefm-1159	310	10	study	study	NOUN
arjefm-1159	310	11	offer	offer	VERB
arjefm-1159	310	12	important	important	ADJ
arjefm-1159	310	13	new	new	ADJ
arjefm-1159	310	14	information	information	NOUN
arjefm-1159	310	15	about	about	ADP
arjefm-1159	310	16	the	the	DET
arjefm-1159	310	17	connection	connection	NOUN
arjefm-1159	310	18	between	between	ADP
arjefm-1159	310	19	nigeria	nigeria	PROPN
arjefm-1159	310	20	's	's	PART
arjefm-1159	310	21	economic	economic	ADJ
arjefm-1159	310	22	growth	growth	NOUN
arjefm-1159	310	23	and	and	CCONJ
arjefm-1159	310	24	stock	stock	NOUN
arjefm-1159	310	25	market	market	NOUN
arjefm-1159	310	26	success	success	NOUN
arjefm-1159	310	27	.	.	PUNCT
arjefm-1159	311	1	our	our	PRON
arjefm-1159	311	2	research	research	NOUN
arjefm-1159	311	3	shows	show	VERB
arjefm-1159	311	4	that	that	SCONJ
arjefm-1159	311	5	during	during	ADP
arjefm-1159	311	6	the	the	DET
arjefm-1159	311	7	study	study	NOUN
arjefm-1159	311	8	period	period	NOUN
arjefm-1159	311	9	,	,	PUNCT
arjefm-1159	311	10	the	the	DET
arjefm-1159	311	11	allshare	allshare	PROPN
arjefm-1159	311	12	index	index	NOUN
arjefm-1159	311	13	had	have	VERB
arjefm-1159	311	14	a	a	DET
arjefm-1159	311	15	considerable	considerable	ADJ
arjefm-1159	311	16	detrimental	detrimental	ADJ
arjefm-1159	311	17	effect	effect	NOUN
arjefm-1159	311	18	on	on	ADP
arjefm-1159	311	19	the	the	DET
arjefm-1159	311	20	gdp	gdp	NOUN
arjefm-1159	311	21	growth	growth	NOUN
arjefm-1159	311	22	rate	rate	NOUN
arjefm-1159	311	23	.	.	PUNCT
arjefm-1159	312	1	according	accord	VERB
arjefm-1159	312	2	to	to	ADP
arjefm-1159	312	3	this	this	PRON
arjefm-1159	312	4	,	,	PUNCT
arjefm-1159	312	5	there	there	PRON
arjefm-1159	312	6	is	be	VERB
arjefm-1159	312	7	an	an	DET
arjefm-1159	312	8	inverse	inverse	NOUN
arjefm-1159	312	9	relationship	relationship	NOUN
arjefm-1159	312	10	between	between	ADP
arjefm-1159	312	11	rising	rise	VERB
arjefm-1159	312	12	asi	asi	NOUN
arjefm-1159	312	13	and	and	CCONJ
arjefm-1159	312	14	falling	fall	VERB
arjefm-1159	312	15	economic	economic	ADJ
arjefm-1159	312	16	growth	growth	NOUN
arjefm-1159	312	17	.	.	PUNCT
arjefm-1159	313	1	on	on	ADP
arjefm-1159	313	2	the	the	DET
arjefm-1159	313	3	other	other	ADJ
arjefm-1159	313	4	hand	hand	NOUN
arjefm-1159	313	5	,	,	PUNCT
arjefm-1159	313	6	market	market	NOUN
arjefm-1159	313	7	capitalization	capitalization	NOUN
arjefm-1159	313	8	showed	show	VERB
arjefm-1159	313	9	a	a	DET
arjefm-1159	313	10	strong	strong	ADJ
arjefm-1159	313	11	positive	positive	ADJ
arjefm-1159	313	12	correlation	correlation	NOUN
arjefm-1159	313	13	with	with	ADP
arjefm-1159	313	14	gdp	gdp	NOUN
arjefm-1159	313	15	growth	growth	NOUN
arjefm-1159	313	16	,	,	PUNCT
arjefm-1159	313	17	suggesting	suggest	VERB
arjefm-1159	313	18	that	that	SCONJ
arjefm-1159	313	19	higher	high	ADJ
arjefm-1159	313	20	market	market	NOUN
arjefm-1159	313	21	capitalization	capitalization	NOUN
arjefm-1159	313	22	leads	lead	VERB
arjefm-1159	313	23	to	to	ADP
arjefm-1159	313	24	faster	fast	ADJ
arjefm-1159	313	25	rates	rate	NOUN
arjefm-1159	313	26	of	of	ADP
arjefm-1159	313	27	economic	economic	ADJ
arjefm-1159	313	28	growth	growth	NOUN
arjefm-1159	313	29	.	.	PUNCT
arjefm-1159	314	1	these	these	DET
arjefm-1159	314	2	findings	finding	NOUN
arjefm-1159	314	3	have	have	VERB
arjefm-1159	314	4	important	important	ADJ
arjefm-1159	314	5	implications	implication	NOUN
arjefm-1159	314	6	for	for	ADP
arjefm-1159	314	7	policymakers	policymaker	NOUN
arjefm-1159	314	8	.	.	PUNCT
arjefm-1159	315	1	while	while	SCONJ
arjefm-1159	315	2	a	a	DET
arjefm-1159	315	3	robust	robust	ADJ
arjefm-1159	315	4	stock	stock	NOUN
arjefm-1159	315	5	market	market	NOUN
arjefm-1159	315	6	is	be	AUX
arjefm-1159	315	7	generally	generally	ADV
arjefm-1159	315	8	considered	consider	VERB
arjefm-1159	315	9	crucial	crucial	ADJ
arjefm-1159	315	10	for	for	ADP
arjefm-1159	315	11	economic	economic	ADJ
arjefm-1159	315	12	growth	growth	NOUN
arjefm-1159	315	13	,	,	PUNCT
arjefm-1159	315	14	the	the	DET
arjefm-1159	315	15	negative	negative	ADJ
arjefm-1159	315	16	impact	impact	NOUN
arjefm-1159	315	17	of	of	ADP
arjefm-1159	315	18	the	the	DET
arjefm-1159	315	19	asi	asi	NOUN
arjefm-1159	315	20	on	on	ADP
arjefm-1159	315	21	gdp	gdp	NOUN
arjefm-1159	315	22	growth	growth	NOUN
arjefm-1159	315	23	in	in	ADP
arjefm-1159	315	24	this	this	DET
arjefm-1159	315	25	study	study	NOUN
arjefm-1159	315	26	suggests	suggest	VERB
arjefm-1159	315	27	that	that	SCONJ
arjefm-1159	315	28	the	the	DET
arjefm-1159	315	29	nigerian	nigerian	ADJ
arjefm-1159	315	30	stock	stock	NOUN
arjefm-1159	315	31	market	market	NOUN
arjefm-1159	315	32	may	may	AUX
arjefm-1159	315	33	not	not	PART
arjefm-1159	315	34	be	be	AUX
arjefm-1159	315	35	effectively	effectively	ADV
arjefm-1159	315	36	channeling	channel	VERB
arjefm-1159	315	37	investment	investment	NOUN
arjefm-1159	315	38	towards	towards	ADP
arjefm-1159	315	39	productive	productive	ADJ
arjefm-1159	315	40	sectors	sector	NOUN
arjefm-1159	315	41	that	that	PRON
arjefm-1159	315	42	drive	drive	VERB
arjefm-1159	315	43	economic	economic	ADJ
arjefm-1159	315	44	growth	growth	NOUN
arjefm-1159	315	45	.	.	PUNCT
arjefm-1159	316	1	this	this	DET
arjefm-1159	316	2	warrants	warrant	NOUN
arjefm-1159	316	3	further	further	ADJ
arjefm-1159	316	4	investigation	investigation	NOUN
arjefm-1159	316	5	into	into	ADP
arjefm-1159	316	6	the	the	DET
arjefm-1159	316	7	factors	factor	NOUN
arjefm-1159	316	8	contributing	contribute	VERB
arjefm-1159	316	9	to	to	ADP
arjefm-1159	316	10	the	the	DET
arjefm-1159	316	11	negative	negative	ADJ
arjefm-1159	316	12	relationship	relationship	NOUN
arjefm-1159	316	13	between	between	ADP
arjefm-1159	316	14	the	the	DET
arjefm-1159	316	15	asi	asi	NOUN
arjefm-1159	316	16	and	and	CCONJ
arjefm-1159	316	17	gdp	gdp	NOUN
arjefm-1159	316	18	growth	growth	NOUN
arjefm-1159	316	19	,	,	PUNCT
arjefm-1159	316	20	such	such	ADJ
arjefm-1159	316	21	as	as	ADP
arjefm-1159	316	22	the	the	DET
arjefm-1159	316	23	composition	composition	NOUN
arjefm-1159	316	24	of	of	ADP
arjefm-1159	316	25	the	the	DET
arjefm-1159	316	26	index	index	NOUN
arjefm-1159	316	27	,	,	PUNCT
arjefm-1159	316	28	investor	investor	NOUN
arjefm-1159	316	29	behaviour	behaviour	NOUN
arjefm-1159	316	30	,	,	PUNCT
arjefm-1159	316	31	and	and	CCONJ
arjefm-1159	316	32	the	the	DET
arjefm-1159	316	33	overall	overall	ADJ
arjefm-1159	316	34	economic	economic	ADJ
arjefm-1159	316	35	structure	structure	NOUN
arjefm-1159	316	36	of	of	ADP
arjefm-1159	316	37	nigeria	nigeria	PROPN
arjefm-1159	316	38	.	.	PUNCT
arjefm-1159	317	1	this	this	DET
arjefm-1159	317	2	study	study	NOUN
arjefm-1159	317	3	recommends	recommend	VERB
arjefm-1159	317	4	that	that	SCONJ
arjefm-1159	317	5	researchers	researcher	NOUN
arjefm-1159	317	6	and	and	CCONJ
arjefm-1159	317	7	analysts	analyst	NOUN
arjefm-1159	317	8	delve	delve	VERB
arjefm-1159	317	9	deeper	deeply	ADV
arjefm-1159	317	10	into	into	ADP
arjefm-1159	317	11	the	the	DET
arjefm-1159	317	12	factors	factor	NOUN
arjefm-1159	317	13	contributing	contribute	VERB
arjefm-1159	317	14	to	to	ADP
arjefm-1159	317	15	the	the	DET
arjefm-1159	317	16	negative	negative	ADJ
arjefm-1159	317	17	impact	impact	NOUN
arjefm-1159	317	18	of	of	ADP
arjefm-1159	317	19	the	the	DET
arjefm-1159	317	20	all	all	DET
arjefm-1159	317	21	-	-	PUNCT
arjefm-1159	317	22	share	share	NOUN
arjefm-1159	317	23	index	index	NOUN
arjefm-1159	317	24	on	on	ADP
arjefm-1159	317	25	gdp	gdp	NOUN
arjefm-1159	317	26	growth	growth	NOUN
arjefm-1159	317	27	.	.	PUNCT
arjefm-1159	318	1	market	market	NOUN
arjefm-1159	318	2	participants	participant	NOUN
arjefm-1159	318	3	should	should	AUX
arjefm-1159	318	4	consider	consider	VERB
arjefm-1159	318	5	diversifying	diversify	VERB
arjefm-1159	318	6	their	their	PRON
arjefm-1159	318	7	investment	investment	NOUN
arjefm-1159	318	8	portfolios	portfolio	NOUN
arjefm-1159	318	9	to	to	PART
arjefm-1159	318	10	mitigate	mitigate	VERB
arjefm-1159	318	11	the	the	DET
arjefm-1159	318	12	potential	potential	ADJ
arjefm-1159	318	13	negative	negative	ADJ
arjefm-1159	318	14	effects	effect	NOUN
arjefm-1159	318	15	of	of	ADP
arjefm-1159	318	16	the	the	DET
arjefm-1159	318	17	all	all	DET
arjefm-1159	318	18	-	-	PUNCT
arjefm-1159	318	19	share	share	NOUN
arjefm-1159	318	20	index	index	NOUN
arjefm-1159	318	21	.	.	PUNCT
arjefm-1159	319	1	furthermore	furthermore	ADV
arjefm-1159	319	2	,	,	PUNCT
arjefm-1159	319	3	policymakers	policymaker	NOUN
arjefm-1159	319	4	and	and	CCONJ
arjefm-1159	319	5	regulators	regulator	NOUN
arjefm-1159	319	6	should	should	AUX
arjefm-1159	319	7	acknowledge	acknowledge	VERB
arjefm-1159	319	8	the	the	DET
arjefm-1159	319	9	varying	vary	VERB
arjefm-1159	319	10	impacts	impact	NOUN
arjefm-1159	319	11	of	of	ADP
arjefm-1159	319	12	different	different	ADJ
arjefm-1159	319	13	stock	stock	NOUN
arjefm-1159	319	14	market	market	NOUN
arjefm-1159	319	15	indicators	indicator	NOUN
arjefm-1159	319	16	on	on	ADP
arjefm-1159	319	17	economic	economic	ADJ
arjefm-1159	319	18	growth	growth	NOUN
arjefm-1159	319	19	and	and	CCONJ
arjefm-1159	319	20	prioritize	prioritize	VERB
arjefm-1159	319	21	policies	policy	NOUN
arjefm-1159	319	22	aimed	aim	VERB
arjefm-1159	319	23	at	at	ADP
arjefm-1159	319	24	increasing	increase	VERB
arjefm-1159	319	25	total	total	ADJ
arjefm-1159	319	26	market	market	NOUN
arjefm-1159	319	27	capitalization	capitalization	NOUN
arjefm-1159	319	28	to	to	PART
arjefm-1159	319	29	stimulate	stimulate	VERB
arjefm-1159	319	30	economic	economic	ADJ
arjefm-1159	319	31	growth	growth	NOUN
arjefm-1159	319	32	.	.	PUNCT
arjefm-1159	320	1	references	reference	NOUN
arjefm-1159	320	2	abdullah	abdullah	PROPN
arjefm-1159	320	3	,	,	PUNCT
arjefm-1159	320	4	b.	b.	PROPN
arjefm-1159	320	5	o.	o.	PROPN
arjefm-1159	320	6	,	,	PUNCT
arjefm-1159	320	7	anis	anis	PROPN
arjefm-1159	320	8	,	,	PUNCT
arjefm-1159	320	9	a.	a.	PROPN
arjefm-1159	320	10	,	,	PUNCT
arjefm-1159	320	11	salma	salma	PROPN
arjefm-1159	320	12	,	,	PUNCT
arjefm-1159	320	13	m.	m.	NOUN
arjefm-1159	320	14	,	,	PUNCT
arjefm-1159	320	15	robina	robina	PROPN
arjefm-1159	320	16	,	,	PUNCT
arjefm-1159	320	17	k.	k.	PROPN
arjefm-1159	320	18	,	,	PUNCT
arjefm-1159	320	19	&	&	CCONJ
arjefm-1159	320	20	mamdouh	mamdouh	PROPN
arjefm-1159	320	21	,	,	PUNCT
arjefm-1159	320	22	a.	a.	PROPN
arjefm-1159	320	23	s.	s.	PROPN
arjefm-1159	320	24	a.	a.	PROPN
arjefm-1159	320	25	(	(	PUNCT
arjefm-1159	320	26	2022	2022	NUM
arjefm-1159	320	27	)	)	PUNCT
arjefm-1159	320	28	.	.	PUNCT
arjefm-1159	320	29	is	be	AUX
arjefm-1159	320	30	stock	stock	NOUN
arjefm-1159	320	31	market	market	NOUN
arjefm-1159	320	32	development	development	NOUN
arjefm-1159	320	33	sensitive	sensitive	ADJ
arjefm-1159	320	34	to	to	ADP
arjefm-1159	320	35	macroeconomic	macroeconomic	ADJ
arjefm-1159	320	36	indicators	indicator	NOUN
arjefm-1159	320	37	?	?	PUNCT
arjefm-1159	321	1	fresh	fresh	ADJ
arjefm-1159	321	2	evidence	evidence	NOUN
arjefm-1159	321	3	using	use	VERB
arjefm-1159	321	4	ardl	ardl	NOUN
arjefm-1159	321	5	bounds	bound	NOUN
arjefm-1159	321	6	testing	testing	NOUN
arjefm-1159	321	7	approach	approach	NOUN
arjefm-1159	321	8	.	.	PUNCT
arjefm-1159	322	1	plos	plos	PROPN
arjefm-1159	322	2	one	one	NUM
arjefm-1159	322	3	,	,	PUNCT
arjefm-1159	322	4	17	17	NUM
arjefm-1159	322	5	,	,	PUNCT
arjefm-1159	322	6	e0275708	e0275708	PROPN
arjefm-1159	322	7	.	.	PUNCT
arjefm-1159	322	8	adepoju	adepoju	PROPN
arjefm-1159	322	9	,	,	PUNCT
arjefm-1159	322	10	w.	w.	PROPN
arjefm-1159	322	11	a.	a.	PROPN
arjefm-1159	322	12	(	(	PUNCT
arjefm-1159	322	13	2017	2017	NUM
arjefm-1159	322	14	)	)	PUNCT
arjefm-1159	322	15	.	.	PUNCT
arjefm-1159	323	1	impact	impact	NOUN
arjefm-1159	323	2	of	of	ADP
arjefm-1159	323	3	public	public	ADJ
arjefm-1159	323	4	debt	debt	NOUN
arjefm-1159	323	5	on	on	ADP
arjefm-1159	323	6	gdp	gdp	NOUN
arjefm-1159	323	7	growth	growth	NOUN
arjefm-1159	323	8	the	the	DET
arjefm-1159	323	9	debt	debt	NOUN
arjefm-1159	323	10	multiplier	multiplier	ADV
arjefm-1159	323	11	in	in	ADP
arjefm-1159	323	12	albania	albania	PROPN
arjefm-1159	323	13	.	.	PUNCT
arjefm-1159	324	1	international	international	ADJ
arjefm-1159	324	2	journal	journal	PROPN
arjefm-1159	324	3	of	of	ADP
arjefm-1159	324	4	innovation	innovation	NOUN
arjefm-1159	324	5	and	and	CCONJ
arjefm-1159	324	6	economic	economic	ADJ
arjefm-1159	324	7	development	development	NOUN
arjefm-1159	324	8	,	,	PUNCT
arjefm-1159	324	9	3(4	3(4	NUM
arjefm-1159	324	10	)	)	PUNCT
arjefm-1159	324	11	,	,	PUNCT
arjefm-1159	324	12	60–67	60–67	NUM
arjefm-1159	324	13	.	.	PUNCT
arjefm-1159	325	1	adoms	adom	NOUN
arjefm-1159	325	2	,	,	PUNCT
arjefm-1159	325	3	f.	f.	PROPN
arjefm-1159	325	4	u.	u.	PROPN
arjefm-1159	325	5	,	,	PUNCT
arjefm-1159	325	6	yua	yua	PROPN
arjefm-1159	325	7	,	,	PUNCT
arjefm-1159	325	8	h.	h.	PROPN
arjefm-1159	325	9	,	,	PUNCT
arjefm-1159	325	10	okaro	okaro	NOUN
arjefm-1159	325	11	,	,	PUNCT
arjefm-1159	325	12	c.	c.	PROPN
arjefm-1159	325	13	s.	s.	PROPN
arjefm-1159	325	14	,	,	PUNCT
arjefm-1159	325	15	&	&	CCONJ
arjefm-1159	325	16	ogbonna	ogbonna	PROPN
arjefm-1159	325	17	,	,	PUNCT
arjefm-1159	325	18	k.	k.	PROPN
arjefm-1159	325	19	s.	s.	PROPN
arjefm-1159	325	20	(	(	PUNCT
arjefm-1159	325	21	2020	2020	NUM
arjefm-1159	325	22	)	)	PUNCT
arjefm-1159	325	23	.	.	PUNCT
arjefm-1159	326	1	capital	capital	NOUN
arjefm-1159	326	2	market	market	NOUN
arjefm-1159	326	3	and	and	CCONJ
arjefm-1159	326	4	economic	economic	ADJ
arjefm-1159	326	5	development	development	NOUN
arjefm-1159	326	6	:	:	PUNCT
arjefm-1159	326	7	a	a	DET
arjefm-1159	326	8	comparative	comparative	ADJ
arjefm-1159	326	9	study	study	NOUN
arjefm-1159	326	10	of	of	ADP
arjefm-1159	326	11	three	three	NUM
arjefm-1159	326	12	sub	sub	ADJ
arjefm-1159	326	13	-	-	ADJ
arjefm-1159	326	14	saharan	saharan	ADJ
arjefm-1159	326	15	african	african	ADJ
arjefm-1159	326	16	emerging	emerge	VERB
arjefm-1159	326	17	economies	economy	NOUN
arjefm-1159	326	18	.	.	PUNCT
arjefm-1159	327	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	327	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	328	1	american	american	PROPN
arjefm-1159	328	2	research	research	PROPN
arjefm-1159	328	3	journal	journal	PROPN
arjefm-1159	328	4	of	of	ADP
arjefm-1159	328	5	economics	economic	NOUN
arjefm-1159	328	6	,	,	PUNCT
arjefm-1159	328	7	finance	finance	NOUN
arjefm-1159	328	8	and	and	CCONJ
arjefm-1159	328	9	management	management	NOUN
arjefm-1159	328	10	volume	volume	NOUN
arjefm-1159	328	11	12	12	NUM
arjefm-1159	328	12	issue	issue	NOUN
arjefm-1159	328	13	3	3	NUM
arjefm-1159	328	14	,	,	PUNCT
arjefm-1159	328	15	july	july	PROPN
arjefm-1159	328	16	-	-	PUNCT
arjefm-1159	328	17	september	september	PROPN
arjefm-1159	328	18	2024	2024	NUM
arjefm-1159	328	19	issn	issn	NOUN
arjefm-1159	328	20	:	:	PUNCT
arjefm-1159	328	21	2836	2836	NUM
arjefm-1159	328	22	-	-	SYM
arjefm-1159	328	23	9416	9416	NUM
arjefm-1159	328	24	impact	impact	NOUN
arjefm-1159	328	25	factor	factor	NOUN
arjefm-1159	328	26	:	:	PUNCT
arjefm-1159	328	27	4.85	4.85	NUM
arjefm-1159	328	28	journal	journal	NOUN
arjefm-1159	328	29	homepage	homepage	NOUN
arjefm-1159	328	30	:	:	PUNCT
arjefm-1159	328	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	328	32	,	,	PUNCT
arjefm-1159	328	33	email	email	NOUN
arjefm-1159	328	34	:	:	PUNCT
arjefm-1159	328	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	328	36	official	official	ADJ
arjefm-1159	328	37	journal	journal	PROPN
arjefm-1159	328	38	of	of	ADP
arjefm-1159	328	39	america	america	PROPN
arjefm-1159	328	40	serial	serial	PROPN
arjefm-1159	328	41	publication	publication	NOUN
arjefm-1159	328	42	american	american	PROPN
arjefm-1159	328	43	research	research	PROPN
arjefm-1159	328	44	journal	journal	PROPN
arjefm-1159	328	45	of	of	ADP
arjefm-1159	328	46	economics	economic	NOUN
arjefm-1159	328	47	,	,	PUNCT
arjefm-1159	328	48	finance	finance	NOUN
arjefm-1159	328	49	and	and	CCONJ
arjefm-1159	328	50	management	management	NOUN
arjefm-1159	328	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	328	52	,	,	PUNCT
arjefm-1159	328	53	email	email	NOUN
arjefm-1159	328	54	:	:	PUNCT
arjefm-1159	328	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	328	56	122	122	NUM
arjefm-1159	329	1	|	|	ADV
arjefm-1159	329	2	p	p	X
arjefm-1159	329	3	a	a	DET
arjefm-1159	329	4	g	g	PROPN
arjefm-1159	329	5	e	e	PROPN
arjefm-1159	329	6	american	american	PROPN
arjefm-1159	329	7	journal	journal	PROPN
arjefm-1159	329	8	of	of	ADP
arjefm-1159	329	9	industrial	industrial	ADJ
arjefm-1159	329	10	and	and	CCONJ
arjefm-1159	329	11	business	business	NOUN
arjefm-1159	329	12	management	management	NOUN
arjefm-1159	329	13	,	,	PUNCT
arjefm-1159	329	14	10	10	NUM
arjefm-1159	329	15	,	,	PUNCT
arjefm-1159	329	16	963–987	963–987	NUM
arjefm-1159	329	17	.	.	PUNCT
arjefm-1159	330	1	https://doi.org/10.4236/ajibm.2020.105065	https://doi.org/10.4236/ajibm.2020.105065	PROPN
arjefm-1159	330	2	avery	avery	PROPN
arjefm-1159	330	3	,	,	PUNCT
arjefm-1159	330	4	b.	b.	PROPN
arjefm-1159	330	5	,	,	PUNCT
arjefm-1159	330	6	&	&	CCONJ
arjefm-1159	330	7	obah	obah	PROPN
arjefm-1159	330	8	,	,	PUNCT
arjefm-1159	330	9	d.	d.	PROPN
arjefm-1159	330	10	(	(	PUNCT
arjefm-1159	330	11	2018	2018	NUM
arjefm-1159	330	12	)	)	PUNCT
arjefm-1159	330	13	.	.	PUNCT
arjefm-1159	331	1	impact	impact	NOUN
arjefm-1159	331	2	of	of	ADP
arjefm-1159	331	3	capital	capital	NOUN
arjefm-1159	331	4	market	market	NOUN
arjefm-1159	331	5	growth	growth	NOUN
arjefm-1159	331	6	on	on	ADP
arjefm-1159	331	7	nigerian	nigerian	ADJ
arjefm-1159	331	8	economy	economy	NOUN
arjefm-1159	331	9	.	.	PUNCT
arjefm-1159	332	1	european	european	PROPN
arjefm-1159	332	2	journal	journal	PROPN
arjefm-1159	332	3	of	of	ADP
arjefm-1159	332	4	accounting	accounting	NOUN
arjefm-1159	332	5	auditing	auditing	NOUN
arjefm-1159	332	6	and	and	CCONJ
arjefm-1159	332	7	finance	finance	NOUN
arjefm-1159	332	8	research	research	NOUN
arjefm-1159	332	9	,	,	PUNCT
arjefm-1159	332	10	6(7	6(7	NUM
arjefm-1159	332	11	)	)	PUNCT
arjefm-1159	332	12	,	,	PUNCT
arjefm-1159	332	13	1–29	1–29	PROPN
arjefm-1159	332	14	.	.	PUNCT
arjefm-1159	333	1	chikwira	chikwira	PROPN
arjefm-1159	333	2	,	,	PUNCT
arjefm-1159	333	3	c.	c.	PROPN
arjefm-1159	333	4	,	,	PUNCT
arjefm-1159	333	5	&	&	CCONJ
arjefm-1159	333	6	jahed	jahed	PROPN
arjefm-1159	333	7	,	,	PUNCT
arjefm-1159	333	8	i.	i.	PROPN
arjefm-1159	333	9	m.	m.	PROPN
arjefm-1159	333	10	(	(	PUNCT
arjefm-1159	333	11	2023	2023	NUM
arjefm-1159	333	12	)	)	PUNCT
arjefm-1159	333	13	.	.	PUNCT
arjefm-1159	334	1	impact	impact	NOUN
arjefm-1159	334	2	of	of	ADP
arjefm-1159	334	3	stock	stock	NOUN
arjefm-1159	334	4	market	market	NOUN
arjefm-1159	334	5	on	on	ADP
arjefm-1159	334	6	liquidity	liquidity	NOUN
arjefm-1159	334	7	and	and	CCONJ
arjefm-1159	334	8	economic	economic	ADJ
arjefm-1159	334	9	growth	growth	NOUN
arjefm-1159	334	10	:	:	PUNCT
arjefm-1159	334	11	evidence	evidence	NOUN
arjefm-1159	334	12	of	of	ADP
arjefm-1159	334	13	volatile	volatile	ADJ
arjefm-1159	334	14	market	market	NOUN
arjefm-1159	334	15	.	.	PUNCT
arjefm-1159	335	1	economies	economy	NOUN
arjefm-1159	335	2	,	,	PUNCT
arjefm-1159	335	3	11	11	NUM
arjefm-1159	335	4	,	,	PUNCT
arjefm-1159	335	5	55	55	NUM
arjefm-1159	335	6	.	.	PUNCT
arjefm-1159	336	1	https://doi.org/10.3390/	https://doi.org/10.3390/	PROPN
arjefm-1159	336	2	committee	committee	NOUN
arjefm-1159	336	3	on	on	ADP
arjefm-1159	336	4	capital	capital	NOUN
arjefm-1159	336	5	markets	market	NOUN
arjefm-1159	336	6	regulation	regulation	NOUN
arjefm-1159	336	7	.	.	PUNCT
arjefm-1159	337	1	(	(	PUNCT
arjefm-1159	337	2	2018	2018	NUM
arjefm-1159	337	3	)	)	PUNCT
arjefm-1159	337	4	.	.	PUNCT
arjefm-1159	338	1	global	global	ADJ
arjefm-1159	338	2	financial	financial	ADJ
arjefm-1159	338	3	system	system	NOUN
arjefm-1159	338	4	:	:	PUNCT
arjefm-1159	338	5	a	a	DET
arjefm-1159	338	6	framework	framework	NOUN
arjefm-1159	338	7	for	for	ADP
arjefm-1159	338	8	regulation	regulation	NOUN
arjefm-1159	338	9	.	.	PUNCT
arjefm-1159	339	1	committee	committee	NOUN
arjefm-1159	339	2	on	on	ADP
arjefm-1159	339	3	capital	capital	NOUN
arjefm-1159	339	4	market	market	NOUN
arjefm-1159	339	5	regulation	regulation	NOUN
arjefm-1159	339	6	publication	publication	NOUN
arjefm-1159	339	7	.	.	PUNCT
arjefm-1159	340	1	dabo	dabo	PROPN
arjefm-1159	340	2	,	,	PUNCT
arjefm-1159	340	3	z.	z.	PROPN
arjefm-1159	340	4	(	(	PUNCT
arjefm-1159	340	5	2015	2015	NUM
arjefm-1159	340	6	)	)	PUNCT
arjefm-1159	340	7	.	.	PUNCT
arjefm-1159	341	1	impact	impact	NOUN
arjefm-1159	341	2	of	of	ADP
arjefm-1159	341	3	nigerian	nigerian	ADJ
arjefm-1159	341	4	capital	capital	NOUN
arjefm-1159	341	5	market	market	NOUN
arjefm-1159	341	6	capitalization	capitalization	NOUN
arjefm-1159	341	7	on	on	ADP
arjefm-1159	341	8	growth	growth	NOUN
arjefm-1159	341	9	of	of	ADP
arjefm-1159	341	10	nigerian	nigerian	ADJ
arjefm-1159	341	11	economy	economy	NOUN
arjefm-1159	341	12	.	.	PUNCT
arjefm-1159	342	1	journal	journal	NOUN
arjefm-1159	342	2	of	of	ADP
arjefm-1159	342	3	emerging	emerge	VERB
arjefm-1159	342	4	issues	issue	NOUN
arjefm-1159	342	5	in	in	ADP
arjefm-1159	342	6	economics	economic	NOUN
arjefm-1159	342	7	,	,	PUNCT
arjefm-1159	342	8	finance	finance	NOUN
arjefm-1159	342	9	and	and	CCONJ
arjefm-1159	342	10	banking	banking	NOUN
arjefm-1159	342	11	,	,	PUNCT
arjefm-1159	342	12	4(2	4(2	NUM
arjefm-1159	342	13	)	)	PUNCT
arjefm-1159	342	14	,	,	PUNCT
arjefm-1159	342	15	91–109	91–109	NUM
arjefm-1159	342	16	.	.	PUNCT
arjefm-1159	342	17	ewah	ewah	PROPN
arjefm-1159	342	18	,	,	PUNCT
arjefm-1159	342	19	s.	s.	PROPN
arjefm-1159	342	20	,	,	PUNCT
arjefm-1159	342	21	essang	essang	PROPN
arjefm-1159	342	22	,	,	PUNCT
arjefm-1159	342	23	a.	a.	PROPN
arjefm-1159	342	24	,	,	PUNCT
arjefm-1159	342	25	&	&	CCONJ
arjefm-1159	342	26	bassey	bassey	PROPN
arjefm-1159	342	27	,	,	PUNCT
arjefm-1159	342	28	j.	j.	PROPN
arjefm-1159	342	29	(	(	PUNCT
arjefm-1159	342	30	2009	2009	NUM
arjefm-1159	342	31	)	)	PUNCT
arjefm-1159	342	32	.	.	PUNCT
arjefm-1159	343	1	appraisal	appraisal	NOUN
arjefm-1159	343	2	of	of	ADP
arjefm-1159	343	3	capital	capital	NOUN
arjefm-1159	343	4	market	market	NOUN
arjefm-1159	343	5	efficiency	efficiency	NOUN
arjefm-1159	343	6	and	and	CCONJ
arjefm-1159	343	7	economic	economic	ADJ
arjefm-1159	343	8	growth	growth	NOUN
arjefm-1159	343	9	in	in	ADP
arjefm-1159	343	10	nigeria	nigeria	PROPN
arjefm-1159	343	11	.	.	PUNCT
arjefm-1159	344	1	international	international	ADJ
arjefm-1159	344	2	journal	journal	PROPN
arjefm-1159	344	3	of	of	ADP
arjefm-1159	344	4	business	business	NOUN
arjefm-1159	344	5	and	and	CCONJ
arjefm-1159	344	6	management	management	NOUN
arjefm-1159	344	7	,	,	PUNCT
arjefm-1159	344	8	4(12	4(12	NUM
arjefm-1159	344	9	)	)	PUNCT
arjefm-1159	344	10	,	,	PUNCT
arjefm-1159	344	11	219–225	219–225	NUM
arjefm-1159	344	12	.	.	PUNCT
arjefm-1159	345	1	international	international	ADJ
arjefm-1159	345	2	monetary	monetary	ADJ
arjefm-1159	345	3	fund	fund	NOUN
arjefm-1159	345	4	(	(	PUNCT
arjefm-1159	345	5	imf	imf	PROPN
arjefm-1159	345	6	)	)	PUNCT
arjefm-1159	345	7	.	.	PUNCT
arjefm-1159	346	1	(	(	PUNCT
arjefm-1159	346	2	2005	2005	NUM
arjefm-1159	346	3	)	)	PUNCT
arjefm-1159	346	4	.	.	PUNCT
arjefm-1159	347	1	capital	capital	NOUN
arjefm-1159	347	2	market	market	NOUN
arjefm-1159	347	3	development	development	NOUN
arjefm-1159	347	4	:	:	PUNCT
arjefm-1159	347	5	a	a	DET
arjefm-1159	347	6	framework	framework	NOUN
arjefm-1159	347	7	for	for	ADP
arjefm-1159	347	8	analysis	analysis	NOUN
arjefm-1159	347	9	.	.	PUNCT
arjefm-1159	348	1	imf	imf	PROPN
arjefm-1159	348	2	publication	publication	NOUN
arjefm-1159	348	3	.	.	PUNCT
arjefm-1159	349	1	international	international	ADJ
arjefm-1159	349	2	organization	organization	PROPN
arjefm-1159	349	3	of	of	ADP
arjefm-1159	349	4	securities	securities	PROPN
arjefm-1159	349	5	commission	commission	PROPN
arjefm-1159	349	6	(	(	PUNCT
arjefm-1159	349	7	iosc	iosc	PROPN
arjefm-1159	349	8	)	)	PUNCT
arjefm-1159	349	9	.	.	PUNCT
arjefm-1159	350	1	(	(	PUNCT
arjefm-1159	350	2	2017	2017	NUM
arjefm-1159	350	3	)	)	PUNCT
arjefm-1159	350	4	.	.	PUNCT
arjefm-1159	351	1	objectives	objective	NOUN
arjefm-1159	351	2	and	and	CCONJ
arjefm-1159	351	3	principles	principle	NOUN
arjefm-1159	351	4	of	of	ADP
arjefm-1159	351	5	securities	security	NOUN
arjefm-1159	351	6	regulation	regulation	NOUN
arjefm-1159	351	7	.	.	PUNCT
arjefm-1159	352	1	iosc	iosc	PROPN
arjefm-1159	352	2	publication	publication	NOUN
arjefm-1159	352	3	.	.	PUNCT
arjefm-1159	353	1	karen	karen	PROPN
arjefm-1159	353	2	,	,	PUNCT
arjefm-1159	353	3	d.	d.	PROPN
arjefm-1159	353	4	,	,	PUNCT
arjefm-1159	353	5	&	&	CCONJ
arjefm-1159	353	6	louise	louise	PROPN
arjefm-1159	353	7	,	,	PUNCT
arjefm-1159	353	8	s.	s.	PROPN
arjefm-1159	353	9	(	(	PUNCT
arjefm-1159	353	10	2018	2018	NUM
arjefm-1159	353	11	)	)	PUNCT
arjefm-1159	353	12	.	.	PUNCT
arjefm-1159	354	1	gdp	gdp	NOUN
arjefm-1159	354	2	as	as	ADP
arjefm-1159	354	3	a	a	DET
arjefm-1159	354	4	measure	measure	NOUN
arjefm-1159	354	5	of	of	ADP
arjefm-1159	354	6	economic	economic	ADJ
arjefm-1159	354	7	well	well	NOUN
arjefm-1159	354	8	-	-	PUNCT
arjefm-1159	354	9	being	being	NOUN
arjefm-1159	354	10	.	.	PUNCT
arjefm-1159	355	1	https://www.brookings.edu/wp-content/uploads/2018/08/wp43-8.23.18.pdf	https://www.brookings.edu/wp-content/uploads/2018/08/wp43-8.23.18.pdf	PROPN
arjefm-1159	355	2	kimberly	kimberly	ADV
arjefm-1159	355	3	,	,	PUNCT
arjefm-1159	355	4	a.	a.	NOUN
arjefm-1159	355	5	(	(	PUNCT
arjefm-1159	355	6	1998	1998	NUM
arjefm-1159	355	7	)	)	PUNCT
arjefm-1159	355	8	.	.	PUNCT
arjefm-1159	356	1	stock	stock	NOUN
arjefm-1159	356	2	markets	market	NOUN
arjefm-1159	356	3	,	,	PUNCT
arjefm-1159	356	4	banks	bank	NOUN
arjefm-1159	356	5	and	and	CCONJ
arjefm-1159	356	6	economic	economic	ADJ
arjefm-1159	356	7	growth	growth	NOUN
arjefm-1159	356	8	.	.	PUNCT
arjefm-1159	357	1	american	american	PROPN
arjefm-1159	357	2	economic	economic	PROPN
arjefm-1159	357	3	review	review	PROPN
arjefm-1159	357	4	,	,	PUNCT
arjefm-1159	357	5	88	88	NUM
arjefm-1159	357	6	,	,	PUNCT
arjefm-1159	357	7	537–558	537–558	NUM
arjefm-1159	357	8	.	.	PUNCT
arjefm-1159	358	1	mawanza	mawanza	ADJ
arjefm-1159	358	2	,	,	PUNCT
arjefm-1159	358	3	w.	w.	PROPN
arjefm-1159	358	4	,	,	PUNCT
arjefm-1159	358	5	mpofu	mpofu	PROPN
arjefm-1159	358	6	,	,	PUNCT
arjefm-1159	358	7	n.	n.	NOUN
arjefm-1159	358	8	,	,	PUNCT
arjefm-1159	358	9	&	&	CCONJ
arjefm-1159	358	10	nyoni	nyoni	VERB
arjefm-1159	358	11	,	,	PUNCT
arjefm-1159	358	12	s.	s.	PROPN
arjefm-1159	358	13	(	(	PUNCT
arjefm-1159	358	14	2020	2020	NUM
arjefm-1159	358	15	)	)	PUNCT
arjefm-1159	358	16	.	.	PUNCT
arjefm-1159	359	1	the	the	DET
arjefm-1159	359	2	impact	impact	NOUN
arjefm-1159	359	3	of	of	ADP
arjefm-1159	359	4	securities	security	NOUN
arjefm-1159	359	5	markets	market	NOUN
arjefm-1159	359	6	on	on	ADP
arjefm-1159	359	7	economic	economic	ADJ
arjefm-1159	359	8	growth	growth	NOUN
arjefm-1159	359	9	in	in	ADP
arjefm-1159	359	10	zimbabwe	zimbabwe	PROPN
arjefm-1159	359	11	.	.	PUNCT
arjefm-1159	359	12	journal	journal	PROPN
arjefm-1159	359	13	of	of	ADP
arjefm-1159	359	14	economic	economic	ADJ
arjefm-1159	359	15	info	info	NOUN
arjefm-1159	359	16	,	,	PUNCT
arjefm-1159	359	17	7	7	NUM
arjefm-1159	359	18	,	,	PUNCT
arjefm-1159	359	19	155–169	155–169	NUM
arjefm-1159	359	20	.	.	PUNCT
arjefm-1159	360	1	nathaniel	nathaniel	PROPN
arjefm-1159	360	2	,	,	PUNCT
arjefm-1159	360	3	s.	s.	PROPN
arjefm-1159	360	4	p.	p.	PROPN
arjefm-1159	360	5	,	,	PUNCT
arjefm-1159	360	6	omojolaibi	omojolaibi	PROPN
arjefm-1159	360	7	,	,	PUNCT
arjefm-1159	360	8	j.	j.	PROPN
arjefm-1159	360	9	a.	a.	PROPN
arjefm-1159	360	10	,	,	PUNCT
arjefm-1159	360	11	&	&	CCONJ
arjefm-1159	360	12	ezeh	ezeh	PROPN
arjefm-1159	360	13	,	,	PUNCT
arjefm-1159	360	14	c.	c.	PROPN
arjefm-1159	360	15	j.	j.	PROPN
arjefm-1159	360	16	(	(	PUNCT
arjefm-1159	360	17	2020	2020	NUM
arjefm-1159	360	18	)	)	PUNCT
arjefm-1159	360	19	.	.	PUNCT
arjefm-1159	361	1	does	do	AUX
arjefm-1159	361	2	stock	stock	NOUN
arjefm-1159	361	3	market	market	NOUN
arjefm-1159	361	4	-	-	PUNCT
arjefm-1159	361	5	based	base	VERB
arjefm-1159	361	6	financial	financial	ADJ
arjefm-1159	361	7	development	development	NOUN
arjefm-1159	361	8	promote	promote	VERB
arjefm-1159	361	9	economic	economic	ADJ
arjefm-1159	361	10	growth	growth	NOUN
arjefm-1159	361	11	in	in	ADP
arjefm-1159	361	12	emerging	emerge	VERB
arjefm-1159	361	13	markets	market	NOUN
arjefm-1159	361	14	?	?	PUNCT
arjefm-1159	362	1	new	new	ADJ
arjefm-1159	362	2	evidence	evidence	NOUN
arjefm-1159	362	3	from	from	ADP
arjefm-1159	362	4	nigeria	nigeria	PROPN
arjefm-1159	362	5	.	.	PUNCT
arjefm-1159	363	1	serbian	serbian	ADJ
arjefm-1159	363	2	journal	journal	PROPN
arjefm-1159	363	3	of	of	ADP
arjefm-1159	363	4	management	management	NOUN
arjefm-1159	363	5	,	,	PUNCT
arjefm-1159	363	6	15	15	NUM
arjefm-1159	363	7	,	,	PUNCT
arjefm-1159	363	8	45–54	45–54	NUM
arjefm-1159	363	9	.	.	PROPN
arjefm-1159	363	10	olusegun	olusegun	PROPN
arjefm-1159	363	11	,	,	PUNCT
arjefm-1159	363	12	b.	b.	PROPN
arjefm-1159	363	13	,	,	PUNCT
arjefm-1159	363	14	&	&	CCONJ
arjefm-1159	363	15	ajao	ajao	PROPN
arjefm-1159	363	16	,	,	PUNCT
arjefm-1159	363	17	o.	o.	PROPN
arjefm-1159	363	18	(	(	PUNCT
arjefm-1159	363	19	2024	2024	NUM
arjefm-1159	363	20	)	)	PUNCT
arjefm-1159	363	21	.	.	PUNCT
arjefm-1159	364	1	capital	capital	NOUN
arjefm-1159	364	2	market	market	NOUN
arjefm-1159	364	3	development	development	NOUN
arjefm-1159	364	4	and	and	CCONJ
arjefm-1159	364	5	economic	economic	ADJ
arjefm-1159	364	6	growth	growth	NOUN
arjefm-1159	364	7	in	in	ADP
arjefm-1159	364	8	nigeria	nigeria	PROPN
arjefm-1159	364	9	.	.	PUNCT
arjefm-1159	365	1	open	open	ADJ
arjefm-1159	365	2	access	access	NOUN
arjefm-1159	365	3	library	library	PROPN
arjefm-1159	365	4	journal	journal	NOUN
arjefm-1159	365	5	,	,	PUNCT
arjefm-1159	365	6	11	11	NUM
arjefm-1159	365	7	,	,	PUNCT
arjefm-1159	365	8	1–18	1–18	NUM
arjefm-1159	365	9	.	.	PUNCT
arjefm-1159	366	1	okisa	okisa	PROPN
arjefm-1159	366	2	,	,	PUNCT
arjefm-1159	366	3	e.	e.	PROPN
arjefm-1159	366	4	(	(	PUNCT
arjefm-1159	366	5	2022	2022	NUM
arjefm-1159	366	6	)	)	PUNCT
arjefm-1159	366	7	.	.	PUNCT
arjefm-1159	367	1	effect	effect	NOUN
arjefm-1159	367	2	of	of	ADP
arjefm-1159	367	3	stock	stock	NOUN
arjefm-1159	367	4	market	market	NOUN
arjefm-1159	367	5	capitalization	capitalization	NOUN
arjefm-1159	367	6	on	on	ADP
arjefm-1159	367	7	economic	economic	ADJ
arjefm-1159	367	8	growth	growth	NOUN
arjefm-1159	367	9	in	in	ADP
arjefm-1159	367	10	kenya	kenya	PROPN
arjefm-1159	367	11	.	.	PUNCT
arjefm-1159	368	1	international	international	ADJ
arjefm-1159	368	2	journal	journal	PROPN
arjefm-1159	368	3	of	of	ADP
arjefm-1159	368	4	finance	finance	NOUN
arjefm-1159	368	5	research	research	NOUN
arjefm-1159	368	6	,	,	PUNCT
arjefm-1159	368	7	3(4	3(4	NUM
arjefm-1159	368	8	)	)	PUNCT
arjefm-1159	368	9	,	,	PUNCT
arjefm-1159	368	10	357–372	357–372	NUM
arjefm-1159	368	11	.	.	PUNCT
arjefm-1159	369	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	369	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	370	1	https://doi.org/10.4236/ajibm.2020.105065	https://doi.org/10.4236/ajibm.2020.105065	PROPN
arjefm-1159	370	2	https://doi.org/10.3390/	https://doi.org/10.3390/	PROPN
arjefm-1159	370	3	https://www.brookings.edu/wp-content/uploads/2018/08/wp43-8.23.18.pdf	https://www.brookings.edu/wp-content/uploads/2018/08/wp43-8.23.18.pdf	PROPN
arjefm-1159	370	4	american	american	PROPN
arjefm-1159	370	5	research	research	PROPN
arjefm-1159	370	6	journal	journal	PROPN
arjefm-1159	370	7	of	of	ADP
arjefm-1159	370	8	economics	economic	NOUN
arjefm-1159	370	9	,	,	PUNCT
arjefm-1159	370	10	finance	finance	NOUN
arjefm-1159	370	11	and	and	CCONJ
arjefm-1159	370	12	management	management	NOUN
arjefm-1159	370	13	volume	volume	NOUN
arjefm-1159	370	14	12	12	NUM
arjefm-1159	370	15	issue	issue	NOUN
arjefm-1159	370	16	3	3	NUM
arjefm-1159	370	17	,	,	PUNCT
arjefm-1159	370	18	july	july	PROPN
arjefm-1159	370	19	-	-	PUNCT
arjefm-1159	370	20	september	september	PROPN
arjefm-1159	370	21	2024	2024	NUM
arjefm-1159	370	22	issn	issn	NOUN
arjefm-1159	370	23	:	:	PUNCT
arjefm-1159	370	24	2836	2836	NUM
arjefm-1159	370	25	-	-	SYM
arjefm-1159	370	26	9416	9416	NUM
arjefm-1159	370	27	impact	impact	NOUN
arjefm-1159	370	28	factor	factor	NOUN
arjefm-1159	370	29	:	:	PUNCT
arjefm-1159	370	30	4.85	4.85	NUM
arjefm-1159	370	31	journal	journal	NOUN
arjefm-1159	370	32	homepage	homepage	NOUN
arjefm-1159	370	33	:	:	PUNCT
arjefm-1159	370	34	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	370	35	,	,	PUNCT
arjefm-1159	370	36	email	email	NOUN
arjefm-1159	370	37	:	:	PUNCT
arjefm-1159	371	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1159	371	2	official	official	ADJ
arjefm-1159	371	3	journal	journal	PROPN
arjefm-1159	371	4	of	of	ADP
arjefm-1159	371	5	america	america	PROPN
arjefm-1159	371	6	serial	serial	PROPN
arjefm-1159	371	7	publication	publication	NOUN
arjefm-1159	371	8	american	american	PROPN
arjefm-1159	371	9	research	research	PROPN
arjefm-1159	371	10	journal	journal	PROPN
arjefm-1159	371	11	of	of	ADP
arjefm-1159	371	12	economics	economic	NOUN
arjefm-1159	371	13	,	,	PUNCT
arjefm-1159	371	14	finance	finance	NOUN
arjefm-1159	371	15	and	and	CCONJ
arjefm-1159	371	16	management	management	NOUN
arjefm-1159	371	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1159	371	18	,	,	PUNCT
arjefm-1159	371	19	email	email	NOUN
arjefm-1159	371	20	:	:	PUNCT
arjefm-1159	371	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1159	371	22	123	123	NUM
arjefm-1159	372	1	|	|	ADV
arjefm-1159	372	2	p	p	X
arjefm-1159	372	3	a	a	DET
arjefm-1159	372	4	g	g	NOUN
arjefm-1159	372	5	e	e	NOUN
arjefm-1159	372	6	organization	organization	NOUN
arjefm-1159	372	7	for	for	ADP
arjefm-1159	372	8	economic	economic	ADJ
arjefm-1159	372	9	co	co	NOUN
arjefm-1159	372	10	-	-	NOUN
arjefm-1159	372	11	operation	operation	NOUN
arjefm-1159	372	12	and	and	CCONJ
arjefm-1159	372	13	development	development	NOUN
arjefm-1159	372	14	(	(	PUNCT
arjefm-1159	372	15	oecd	oecd	PROPN
arjefm-1159	372	16	)	)	PUNCT
arjefm-1159	372	17	.	.	PUNCT
arjefm-1159	373	1	(	(	PUNCT
arjefm-1159	373	2	2019	2019	NUM
arjefm-1159	373	3	)	)	PUNCT
arjefm-1159	373	4	.	.	PUNCT
arjefm-1159	374	1	capital	capital	NOUN
arjefm-1159	374	2	market	market	NOUN
arjefm-1159	374	3	development	development	NOUN
arjefm-1159	374	4	:	:	PUNCT
arjefm-1159	374	5	an	an	DET
arjefm-1159	374	6	overview	overview	NOUN
arjefm-1159	374	7	.	.	PUNCT
arjefm-1159	375	1	oecd	oecd	PROPN
arjefm-1159	375	2	publication	publication	NOUN
arjefm-1159	375	3	.	.	PUNCT
arjefm-1159	376	1	osakwe	osakwe	ADJ
arjefm-1159	376	2	,	,	PUNCT
arjefm-1159	376	3	c.	c.	PROPN
arjefm-1159	376	4	i.	i.	PROPN
arjefm-1159	376	5	,	,	PUNCT
arjefm-1159	376	6	&	&	CCONJ
arjefm-1159	376	7	ananwude	ananwude	PROPN
arjefm-1159	376	8	,	,	PUNCT
arjefm-1159	376	9	c.	c.	PROPN
arjefm-1159	376	10	a.	a.	NOUN
arjefm-1159	376	11	(	(	PUNCT
arjefm-1159	376	12	2017	2017	NUM
arjefm-1159	376	13	)	)	PUNCT
arjefm-1159	376	14	.	.	PUNCT
arjefm-1159	377	1	stock	stock	NOUN
arjefm-1159	377	2	market	market	NOUN
arjefm-1159	377	3	development	development	NOUN
arjefm-1159	377	4	and	and	CCONJ
arjefm-1159	377	5	economic	economic	ADJ
arjefm-1159	377	6	growth	growth	NOUN
arjefm-1159	377	7	:	:	PUNCT
arjefm-1159	377	8	comparative	comparative	ADJ
arjefm-1159	377	9	evidence	evidence	NOUN
arjefm-1159	377	10	from	from	ADP
arjefm-1159	377	11	two	two	NUM
arjefm-1159	377	12	emerging	emerge	VERB
arjefm-1159	377	13	economies	economy	NOUN
arjefm-1159	377	14	in	in	ADP
arjefm-1159	377	15	africa	africa	PROPN
arjefm-1159	377	16	—	—	PUNCT
arjefm-1159	377	17	nigeria	nigeria	PROPN
arjefm-1159	377	18	and	and	CCONJ
arjefm-1159	377	19	south	south	PROPN
arjefm-1159	377	20	africa	africa	PROPN
arjefm-1159	377	21	.	.	PUNCT
arjefm-1159	378	1	archives	archive	NOUN
arjefm-1159	378	2	of	of	ADP
arjefm-1159	378	3	current	current	ADJ
arjefm-1159	378	4	research	research	NOUN
arjefm-1159	378	5	international	international	ADJ
arjefm-1159	378	6	,	,	PUNCT
arjefm-1159	378	7	11	11	NUM
arjefm-1159	378	8	,	,	PUNCT
arjefm-1159	378	9	1–15	1–15	NUM
arjefm-1159	378	10	.	.	PUNCT
arjefm-1159	378	11	https://doi.org/10.9734/acri/2017/38116	https://doi.org/10.9734/acri/2017/38116	PROPN
arjefm-1159	378	12	shravani	shravani	PROPN
arjefm-1159	378	13	,	,	PUNCT
arjefm-1159	378	14	s.	s.	PROPN
arjefm-1159	378	15	,	,	PUNCT
arjefm-1159	378	16	&	&	CCONJ
arjefm-1159	378	17	sharma	sharma	PROPN
arjefm-1159	378	18	,	,	PUNCT
arjefm-1159	378	19	k.	k.	PROPN
arjefm-1159	378	20	(	(	PUNCT
arjefm-1159	378	21	2020	2020	NUM
arjefm-1159	378	22	)	)	PUNCT
arjefm-1159	378	23	.	.	PUNCT
arjefm-1159	379	1	scrutinizing	scrutinize	VERB
arjefm-1159	379	2	causal	causal	ADJ
arjefm-1159	379	3	relationship	relationship	NOUN
arjefm-1159	379	4	between	between	ADP
arjefm-1159	379	5	stock	stock	NOUN
arjefm-1159	379	6	market	market	NOUN
arjefm-1159	379	7	development	development	NOUN
arjefm-1159	379	8	and	and	CCONJ
arjefm-1159	379	9	economic	economic	ADJ
arjefm-1159	379	10	growth	growth	NOUN
arjefm-1159	379	11	:	:	PUNCT
arjefm-1159	379	12	case	case	NOUN
arjefm-1159	379	13	of	of	ADP
arjefm-1159	379	14	india	india	PROPN
arjefm-1159	379	15	.	.	PUNCT
arjefm-1159	380	1	international	international	ADJ
arjefm-1159	380	2	journal	journal	PROPN
arjefm-1159	380	3	of	of	ADP
arjefm-1159	380	4	indian	indian	ADJ
arjefm-1159	380	5	culture	culture	PROPN
arjefm-1159	380	6	and	and	CCONJ
arjefm-1159	380	7	business	business	NOUN
arjefm-1159	380	8	management	management	NOUN
arjefm-1159	380	9	,	,	PUNCT
arjefm-1159	380	10	20(4	20(4	NOUN
arjefm-1159	380	11	)	)	PUNCT
arjefm-1159	380	12	,	,	PUNCT
arjefm-1159	380	13	29–43	29–43	NUM
arjefm-1159	380	14	.	.	PUNCT
arjefm-1159	381	1	shoko	shoko	PROPN
arjefm-1159	381	2	,	,	PUNCT
arjefm-1159	381	3	t.	t.	PROPN
arjefm-1159	381	4	,	,	PUNCT
arjefm-1159	381	5	shoko	shoko	PROPN
arjefm-1159	381	6	,	,	PUNCT
arjefm-1159	381	7	j.	j.	PROPN
arjefm-1159	381	8	,	,	PUNCT
arjefm-1159	381	9	dube	dube	PROPN
arjefm-1159	381	10	,	,	PUNCT
arjefm-1159	381	11	s.	s.	PROPN
arjefm-1159	381	12	d.	d.	PROPN
arjefm-1159	381	13	g.	g.	PROPN
arjefm-1159	381	14	,	,	PUNCT
arjefm-1159	381	15	&	&	CCONJ
arjefm-1159	381	16	nyoni	nyoni	VERB
arjefm-1159	381	17	,	,	PUNCT
arjefm-1159	381	18	t.	t.	PROPN
arjefm-1159	381	19	(	(	PUNCT
arjefm-1159	381	20	2020	2020	NUM
arjefm-1159	381	21	)	)	PUNCT
arjefm-1159	381	22	.	.	PUNCT
arjefm-1159	382	1	an	an	DET
arjefm-1159	382	2	empirical	empirical	ADJ
arjefm-1159	382	3	investigation	investigation	NOUN
arjefm-1159	382	4	of	of	ADP
arjefm-1159	382	5	impact	impact	NOUN
arjefm-1159	382	6	of	of	ADP
arjefm-1159	382	7	banking	banking	NOUN
arjefm-1159	382	8	sector	sector	NOUN
arjefm-1159	382	9	capitalization	capitalization	NOUN
arjefm-1159	382	10	on	on	ADP
arjefm-1159	382	11	stock	stock	NOUN
arjefm-1159	382	12	market	market	NOUN
arjefm-1159	382	13	developments	development	NOUN
arjefm-1159	382	14	in	in	ADP
arjefm-1159	382	15	zimbabwe	zimbabwe	PROPN
arjefm-1159	382	16	.	.	PUNCT
arjefm-1159	383	1	international	international	ADJ
arjefm-1159	383	2	journal	journal	PROPN
arjefm-1159	383	3	of	of	ADP
arjefm-1159	383	4	economic	economic	ADJ
arjefm-1159	383	5	growth	growth	NOUN
arjefm-1159	383	6	and	and	CCONJ
arjefm-1159	383	7	environmental	environmental	ADJ
arjefm-1159	383	8	issues	issue	NOUN
arjefm-1159	383	9	,	,	PUNCT
arjefm-1159	383	10	8	8	NUM
arjefm-1159	383	11	.	.	PUNCT
arjefm-1159	383	12	statsza	statsza	NOUN
arjefm-1159	383	13	.	.	PUNCT
arjefm-1159	384	1	(	(	PUNCT
arjefm-1159	384	2	2020	2020	NUM
arjefm-1159	384	3	)	)	PUNCT
arjefm-1159	384	4	.	.	PUNCT
arjefm-1159	385	1	south	south	PROPN
arjefm-1159	385	2	africa	africa	PROPN
arjefm-1159	385	3	statistical	statistical	ADJ
arjefm-1159	385	4	economic	economic	ADJ
arjefm-1159	385	5	report	report	NOUN
arjefm-1159	385	6	.	.	PUNCT
arjefm-1159	386	1	world	world	PROPN
arjefm-1159	386	2	bank	bank	PROPN
arjefm-1159	386	3	.	.	PUNCT
arjefm-1159	387	1	(	(	PUNCT
arjefm-1159	387	2	2015	2015	NUM
arjefm-1159	387	3	)	)	PUNCT
arjefm-1159	387	4	.	.	PUNCT
arjefm-1159	388	1	developing	develop	VERB
arjefm-1159	388	2	capital	capital	NOUN
arjefm-1159	388	3	markets	market	NOUN
arjefm-1159	388	4	:	:	PUNCT
arjefm-1159	388	5	a	a	DET
arjefm-1159	388	6	framework	framework	NOUN
arjefm-1159	388	7	for	for	ADP
arjefm-1159	388	8	analysis	analysis	NOUN
arjefm-1159	388	9	and	and	CCONJ
arjefm-1159	388	10	policy	policy	NOUN
arjefm-1159	388	11	.	.	PUNCT
arjefm-1159	389	1	world	world	PROPN
arjefm-1159	389	2	bank	bank	PROPN
arjefm-1159	389	3	publications	publication	NOUN
arjefm-1159	389	4	.	.	PUNCT
arjefm-1159	390	1	world	world	PROPN
arjefm-1159	390	2	bank	bank	PROPN
arjefm-1159	390	3	.	.	PUNCT
arjefm-1159	391	1	(	(	PUNCT
arjefm-1159	391	2	2020	2020	NUM
arjefm-1159	391	3	)	)	PUNCT
arjefm-1159	391	4	.	.	PUNCT
arjefm-1159	392	1	world	world	PROPN
arjefm-1159	392	2	bank	bank	PROPN
arjefm-1159	392	3	economic	economic	PROPN
arjefm-1159	392	4	review	review	NOUN
arjefm-1159	392	5	.	.	PUNCT
arjefm-1159	393	1	quarterly	quarterly	ADJ
arjefm-1159	393	2	report	report	NOUN
arjefm-1159	393	3	.	.	PUNCT
arjefm-1159	394	1	world	world	PROPN
arjefm-1159	394	2	bank	bank	PROPN
arjefm-1159	394	3	.	.	PUNCT
arjefm-1159	395	1	(	(	PUNCT
arjefm-1159	395	2	2024	2024	NUM
arjefm-1159	395	3	)	)	PUNCT
arjefm-1159	395	4	.	.	PUNCT
arjefm-1159	396	1	world	world	NOUN
arjefm-1159	396	2	development	development	NOUN
arjefm-1159	396	3	indicators	indicator	NOUN
arjefm-1159	396	4	.	.	PUNCT
arjefm-1159	397	1	world	world	PROPN
arjefm-1159	397	2	bank	bank	PROPN
arjefm-1159	397	3	publication	publication	NOUN
arjefm-1159	397	4	.	.	PUNCT
arjefm-1159	398	1	yakubu	yakubu	PROPN
arjefm-1159	398	2	,	,	PUNCT
arjefm-1159	398	3	m.	m.	NOUN
arjefm-1159	398	4	m.	m.	NOUN
arjefm-1159	398	5	(	(	PUNCT
arjefm-1159	398	6	2023	2023	NUM
arjefm-1159	398	7	)	)	PUNCT
arjefm-1159	398	8	.	.	PUNCT
arjefm-1159	399	1	capital	capital	NOUN
arjefm-1159	399	2	market	market	NOUN
arjefm-1159	399	3	capitalization	capitalization	NOUN
arjefm-1159	399	4	and	and	CCONJ
arjefm-1159	399	5	economic	economic	ADJ
arjefm-1159	399	6	growth	growth	NOUN
arjefm-1159	399	7	in	in	ADP
arjefm-1159	399	8	nigeria	nigeria	PROPN
arjefm-1159	399	9	:	:	PUNCT
arjefm-1159	399	10	an	an	DET
arjefm-1159	399	11	econometrics	econometrics	NOUN
arjefm-1159	399	12	analysis	analysis	NOUN
arjefm-1159	399	13	.	.	PUNCT
arjefm-1159	400	1	journal	journal	NOUN
arjefm-1159	400	2	of	of	ADP
arjefm-1159	400	3	global	global	ADJ
arjefm-1159	400	4	economics	economic	NOUN
arjefm-1159	400	5	and	and	CCONJ
arjefm-1159	400	6	business	business	NOUN
arjefm-1159	400	7	,	,	PUNCT
arjefm-1159	400	8	4(12	4(12	NUM
arjefm-1159	400	9	)	)	PUNCT
arjefm-1159	400	10	,	,	PUNCT
arjefm-1159	401	1	91–109	91–109	NUM
arjefm-1159	401	2	.	.	PUNCT
arjefm-1159	402	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1159	403	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1159	403	2	https://doi.org/10.9734/acri/2017/38116	https://doi.org/10.9734/acri/2017/38116	PROPN