id	sid	tid	token	lemma	pos
arjefm-1175	1	1	american	american	PROPN
arjefm-1175	1	2	research	research	PROPN
arjefm-1175	1	3	journal	journal	PROPN
arjefm-1175	1	4	of	of	ADP
arjefm-1175	1	5	economics	economic	NOUN
arjefm-1175	1	6	,	,	PUNCT
arjefm-1175	1	7	finance	finance	NOUN
arjefm-1175	1	8	and	and	CCONJ
arjefm-1175	1	9	management	management	NOUN
arjefm-1175	1	10	volume	volume	NOUN
arjefm-1175	1	11	13	13	NUM
arjefm-1175	1	12	issue	issue	NOUN
arjefm-1175	1	13	1	1	NUM
arjefm-1175	1	14	,	,	PUNCT
arjefm-1175	1	15	january	january	PROPN
arjefm-1175	1	16	-	-	PUNCT
arjefm-1175	1	17	march	march	PROPN
arjefm-1175	1	18	2025	2025	NUM
arjefm-1175	1	19	issn	issn	NOUN
arjefm-1175	1	20	:	:	PUNCT
arjefm-1175	1	21	2836	2836	NUM
arjefm-1175	1	22	-	-	SYM
arjefm-1175	1	23	9416	9416	NUM
arjefm-1175	1	24	impact	impact	NOUN
arjefm-1175	1	25	factor	factor	NOUN
arjefm-1175	1	26	:	:	PUNCT
arjefm-1175	1	27	6.41	6.41	NUM
arjefm-1175	1	28	journal	journal	NOUN
arjefm-1175	1	29	homepage	homepage	NOUN
arjefm-1175	1	30	:	:	PUNCT
arjefm-1175	1	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	1	32	,	,	PUNCT
arjefm-1175	1	33	email	email	NOUN
arjefm-1175	1	34	:	:	PUNCT
arjefm-1175	1	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	1	36	official	official	ADJ
arjefm-1175	1	37	journal	journal	PROPN
arjefm-1175	1	38	of	of	ADP
arjefm-1175	1	39	america	america	PROPN
arjefm-1175	1	40	serial	serial	PROPN
arjefm-1175	1	41	publication	publication	NOUN
arjefm-1175	1	42	american	american	PROPN
arjefm-1175	1	43	research	research	PROPN
arjefm-1175	1	44	journal	journal	PROPN
arjefm-1175	1	45	of	of	ADP
arjefm-1175	1	46	economics	economic	NOUN
arjefm-1175	1	47	,	,	PUNCT
arjefm-1175	1	48	finance	finance	NOUN
arjefm-1175	1	49	and	and	CCONJ
arjefm-1175	1	50	management	management	NOUN
arjefm-1175	1	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	1	52	,	,	PUNCT
arjefm-1175	1	53	email	email	NOUN
arjefm-1175	1	54	:	:	PUNCT
arjefm-1175	1	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	2	1	175	175	NUM
arjefm-1175	3	1	|	|	ADV
arjefm-1175	3	2	p	p	X
arjefm-1175	3	3	a	a	DET
arjefm-1175	3	4	g	g	NOUN
arjefm-1175	3	5	e	e	NOUN
arjefm-1175	3	6	an	an	DET
arjefm-1175	3	7	investigation	investigation	NOUN
arjefm-1175	3	8	into	into	ADP
arjefm-1175	3	9	impact	impact	NOUN
arjefm-1175	3	10	of	of	ADP
arjefm-1175	3	11	foreign	foreign	ADJ
arjefm-1175	3	12	direct	direct	ADJ
arjefm-1175	3	13	investment	investment	NOUN
arjefm-1175	3	14	on	on	ADP
arjefm-1175	3	15	nigeria	nigeria	PROPN
arjefm-1175	3	16	's	's	PART
arjefm-1175	3	17	economic	economic	ADJ
arjefm-1175	3	18	growth	growth	NOUN
arjefm-1175	3	19	gabriel	gabriel	PROPN
arjefm-1175	3	20	a.	a.	PROPN
arjefm-1175	3	21	anidiobu	anidiobu	PROPN
arjefm-1175	3	22	,	,	PUNCT
arjefm-1175	3	23	phd	phd	PROPN
arjefm-1175	3	24	&	&	CCONJ
arjefm-1175	3	25	chinedu	chinedu	PROPN
arjefm-1175	3	26	c.	c.	PROPN
arjefm-1175	3	27	onyia	onyia	PROPN
arjefm-1175	3	28	,	,	PUNCT
arjefm-1175	3	29	phd	phd	NOUN
arjefm-1175	3	30	department	department	PROPN
arjefm-1175	3	31	of	of	ADP
arjefm-1175	3	32	banking	banking	NOUN
arjefm-1175	3	33	and	and	CCONJ
arjefm-1175	3	34	finance	finance	NOUN
arjefm-1175	3	35	,	,	PUNCT
arjefm-1175	3	36	faculty	faculty	NOUN
arjefm-1175	3	37	of	of	ADP
arjefm-1175	3	38	management	management	NOUN
arjefm-1175	3	39	sciences	sciences	PROPN
arjefm-1175	3	40	,	,	PUNCT
arjefm-1175	3	41	enugu	enugu	PROPN
arjefm-1175	3	42	state	state	PROPN
arjefm-1175	3	43	university	university	PROPN
arjefm-1175	3	44	of	of	ADP
arjefm-1175	3	45	science	science	NOUN
arjefm-1175	3	46	and	and	CCONJ
arjefm-1175	3	47	technology	technology	NOUN
arjefm-1175	3	48	,	,	PUNCT
arjefm-1175	3	49	agbani	agbani	PROPN
arjefm-1175	3	50	,	,	PUNCT
arjefm-1175	3	51	nigeria	nigeria	PROPN
arjefm-1175	3	52	corresponding	corresponding	ADJ
arjefm-1175	3	53	author	author	NOUN
arjefm-1175	3	54	:	:	PUNCT
arjefm-1175	3	55	gabriel.anidiobu@esut.edu.ng	gabriel.anidiobu@esut.edu.ng	PROPN
arjefm-1175	3	56	doi	doi	PROPN
arjefm-1175	3	57	:	:	PUNCT
arjefm-1175	3	58	https://doi.org/10.5281/zenodo.15050642	https://doi.org/10.5281/zenodo.15050642	PROPN
arjefm-1175	3	59	abstract	abstract	NOUN
arjefm-1175	3	60	:	:	PUNCT
arjefm-1175	3	61	this	this	DET
arjefm-1175	3	62	study	study	NOUN
arjefm-1175	3	63	examined	examine	VERB
arjefm-1175	3	64	the	the	DET
arjefm-1175	3	65	impact	impact	NOUN
arjefm-1175	3	66	of	of	ADP
arjefm-1175	3	67	foreign	foreign	ADJ
arjefm-1175	3	68	direct	direct	ADJ
arjefm-1175	3	69	investment	investment	NOUN
arjefm-1175	3	70	(	(	PUNCT
arjefm-1175	3	71	fdi	fdi	NOUN
arjefm-1175	3	72	)	)	PUNCT
arjefm-1175	3	73	and	and	CCONJ
arjefm-1175	3	74	foreign	foreign	ADJ
arjefm-1175	3	75	exchange	exchange	NOUN
arjefm-1175	3	76	rate	rate	NOUN
arjefm-1175	3	77	(	(	PUNCT
arjefm-1175	3	78	fxr	fxr	NOUN
arjefm-1175	3	79	)	)	PUNCT
arjefm-1175	3	80	on	on	ADP
arjefm-1175	3	81	nigeria	nigeria	PROPN
arjefm-1175	3	82	's	's	PART
arjefm-1175	3	83	economic	economic	ADJ
arjefm-1175	3	84	growth	growth	NOUN
arjefm-1175	3	85	using	use	VERB
arjefm-1175	3	86	24	24	NUM
arjefm-1175	3	87	years	year	NOUN
arjefm-1175	3	88	of	of	ADP
arjefm-1175	3	89	annual	annual	ADJ
arjefm-1175	3	90	time	time	NOUN
arjefm-1175	3	91	series	series	PROPN
arjefm-1175	3	92	data	data	PROPN
arjefm-1175	3	93	(	(	PUNCT
arjefm-1175	3	94	19992022	19992022	NUM
arjefm-1175	3	95	)	)	PUNCT
arjefm-1175	3	96	from	from	ADP
arjefm-1175	3	97	the	the	DET
arjefm-1175	3	98	world	world	NOUN
arjefm-1175	3	99	development	development	NOUN
arjefm-1175	3	100	indicators	indicator	NOUN
arjefm-1175	3	101	(	(	PUNCT
arjefm-1175	3	102	wdi	wdi	PROPN
arjefm-1175	3	103	)	)	PUNCT
arjefm-1175	3	104	.	.	PUNCT
arjefm-1175	4	1	employing	employ	VERB
arjefm-1175	4	2	an	an	DET
arjefm-1175	4	3	ex	ex	NOUN
arjefm-1175	4	4	-	-	ADJ
arjefm-1175	4	5	post	post	ADJ
arjefm-1175	4	6	facto	facto	X
arjefm-1175	4	7	design	design	NOUN
arjefm-1175	4	8	,	,	PUNCT
arjefm-1175	4	9	the	the	DET
arjefm-1175	4	10	research	research	NOUN
arjefm-1175	4	11	analyzed	analyze	VERB
arjefm-1175	4	12	effects	effect	NOUN
arjefm-1175	4	13	of	of	ADP
arjefm-1175	4	14	fdi	fdi	NOUN
arjefm-1175	4	15	and	and	CCONJ
arjefm-1175	4	16	fxr	fxr	PROPN
arjefm-1175	4	17	on	on	ADP
arjefm-1175	4	18	gdp	gdp	NOUN
arjefm-1175	4	19	growth	growth	NOUN
arjefm-1175	4	20	rate	rate	NOUN
arjefm-1175	4	21	.	.	PUNCT
arjefm-1175	5	1	while	while	SCONJ
arjefm-1175	5	2	stationarity	stationarity	NOUN
arjefm-1175	5	3	was	be	AUX
arjefm-1175	5	4	achieved	achieve	VERB
arjefm-1175	5	5	for	for	ADP
arjefm-1175	5	6	the	the	DET
arjefm-1175	5	7	variables	variable	NOUN
arjefm-1175	5	8	,	,	PUNCT
arjefm-1175	5	9	they	they	PRON
arjefm-1175	5	10	were	be	AUX
arjefm-1175	5	11	not	not	PART
arjefm-1175	5	12	integrated	integrate	VERB
arjefm-1175	5	13	of	of	ADP
arjefm-1175	5	14	the	the	DET
arjefm-1175	5	15	same	same	ADJ
arjefm-1175	5	16	order	order	NOUN
arjefm-1175	5	17	,	,	PUNCT
arjefm-1175	5	18	indicating	indicate	VERB
arjefm-1175	5	19	absence	absence	NOUN
arjefm-1175	5	20	of	of	ADP
arjefm-1175	5	21	a	a	DET
arjefm-1175	5	22	long	long	ADV
arjefm-1175	5	23	-	-	PUNCT
arjefm-1175	5	24	run	run	NOUN
arjefm-1175	5	25	relationship	relationship	NOUN
arjefm-1175	5	26	.	.	PUNCT
arjefm-1175	6	1	autoregressive	autoregressive	ADJ
arjefm-1175	6	2	distributed	distribute	VERB
arjefm-1175	6	3	lag	lag	NOUN
arjefm-1175	6	4	(	(	PUNCT
arjefm-1175	6	5	ardl	ardl	NOUN
arjefm-1175	6	6	)	)	PUNCT
arjefm-1175	6	7	estimations	estimation	NOUN
arjefm-1175	6	8	were	be	AUX
arjefm-1175	6	9	used	use	VERB
arjefm-1175	6	10	to	to	PART
arjefm-1175	6	11	analyze	analyze	VERB
arjefm-1175	6	12	modified	modified	ADJ
arjefm-1175	6	13	models	model	NOUN
arjefm-1175	6	14	.	.	PUNCT
arjefm-1175	7	1	findings	finding	NOUN
arjefm-1175	7	2	revealed	reveal	VERB
arjefm-1175	7	3	a	a	DET
arjefm-1175	7	4	negative	negative	ADJ
arjefm-1175	7	5	and	and	CCONJ
arjefm-1175	7	6	insignificant	insignificant	ADJ
arjefm-1175	7	7	impact	impact	NOUN
arjefm-1175	7	8	of	of	ADP
arjefm-1175	7	9	fdi	fdi	NOUN
arjefm-1175	7	10	on	on	ADP
arjefm-1175	7	11	gdp	gdp	NOUN
arjefm-1175	7	12	growth	growth	NOUN
arjefm-1175	7	13	,	,	PUNCT
arjefm-1175	7	14	while	while	SCONJ
arjefm-1175	7	15	fxr	fxr	PROPN
arjefm-1175	7	16	exhibited	exhibit	VERB
arjefm-1175	7	17	a	a	DET
arjefm-1175	7	18	negative	negative	ADJ
arjefm-1175	7	19	but	but	CCONJ
arjefm-1175	7	20	significant	significant	ADJ
arjefm-1175	7	21	impact	impact	NOUN
arjefm-1175	7	22	.	.	PUNCT
arjefm-1175	8	1	these	these	DET
arjefm-1175	8	2	findings	finding	NOUN
arjefm-1175	8	3	imply	imply	VERB
arjefm-1175	8	4	that	that	SCONJ
arjefm-1175	8	5	fdi	fdi	PROPN
arjefm-1175	8	6	and	and	CCONJ
arjefm-1175	8	7	fxr	fxr	NOUN
arjefm-1175	8	8	may	may	AUX
arjefm-1175	8	9	not	not	PART
arjefm-1175	8	10	have	have	AUX
arjefm-1175	8	11	contributed	contribute	VERB
arjefm-1175	8	12	to	to	ADP
arjefm-1175	8	13	economic	economic	ADJ
arjefm-1175	8	14	growth	growth	NOUN
arjefm-1175	8	15	due	due	ADP
arjefm-1175	8	16	to	to	ADP
arjefm-1175	8	17	factors	factor	NOUN
arjefm-1175	8	18	such	such	ADJ
arjefm-1175	8	19	as	as	ADP
arjefm-1175	8	20	corruption	corruption	NOUN
arjefm-1175	8	21	,	,	PUNCT
arjefm-1175	8	22	poor	poor	ADJ
arjefm-1175	8	23	infrastructure	infrastructure	NOUN
arjefm-1175	8	24	,	,	PUNCT
arjefm-1175	8	25	insecurity	insecurity	NOUN
arjefm-1175	8	26	,	,	PUNCT
arjefm-1175	8	27	and	and	CCONJ
arjefm-1175	8	28	currency	currency	NOUN
arjefm-1175	8	29	devaluation	devaluation	NOUN
arjefm-1175	8	30	.	.	PUNCT
arjefm-1175	9	1	the	the	DET
arjefm-1175	9	2	study	study	NOUN
arjefm-1175	9	3	suggests	suggest	VERB
arjefm-1175	9	4	that	that	SCONJ
arjefm-1175	9	5	fdi	fdi	NOUN
arjefm-1175	9	6	can	can	AUX
arjefm-1175	9	7	significantly	significantly	ADV
arjefm-1175	9	8	contribute	contribute	VERB
arjefm-1175	9	9	to	to	ADP
arjefm-1175	9	10	economic	economic	ADJ
arjefm-1175	9	11	growth	growth	NOUN
arjefm-1175	9	12	in	in	ADP
arjefm-1175	9	13	nigeria	nigeria	PROPN
arjefm-1175	9	14	if	if	SCONJ
arjefm-1175	9	15	the	the	DET
arjefm-1175	9	16	government	government	NOUN
arjefm-1175	9	17	addresses	address	VERB
arjefm-1175	9	18	infrastructure	infrastructure	NOUN
arjefm-1175	9	19	bottlenecks	bottleneck	NOUN
arjefm-1175	9	20	,	,	PUNCT
arjefm-1175	9	21	fosters	foster	VERB
arjefm-1175	9	22	effective	effective	ADJ
arjefm-1175	9	23	technology	technology	NOUN
arjefm-1175	9	24	transfer	transfer	NOUN
arjefm-1175	9	25	and	and	CCONJ
arjefm-1175	9	26	knowledge	knowledge	NOUN
arjefm-1175	9	27	sharing	sharing	NOUN
arjefm-1175	9	28	,	,	PUNCT
arjefm-1175	9	29	and	and	CCONJ
arjefm-1175	9	30	improves	improve	VERB
arjefm-1175	9	31	the	the	DET
arjefm-1175	9	32	business	business	NOUN
arjefm-1175	9	33	environment	environment	NOUN
arjefm-1175	9	34	for	for	ADP
arjefm-1175	9	35	investors	investor	NOUN
arjefm-1175	9	36	.	.	PUNCT
arjefm-1175	10	1	this	this	DET
arjefm-1175	10	2	research	research	NOUN
arjefm-1175	10	3	,	,	PUNCT
arjefm-1175	10	4	conducted	conduct	VERB
arjefm-1175	10	5	in	in	ADP
arjefm-1175	10	6	nigeria	nigeria	PROPN
arjefm-1175	10	7	using	use	VERB
arjefm-1175	10	8	the	the	DET
arjefm-1175	10	9	ardl	ardl	NOUN
arjefm-1175	10	10	model	model	NOUN
arjefm-1175	10	11	,	,	PUNCT
arjefm-1175	10	12	aligns	align	VERB
arjefm-1175	10	13	with	with	ADP
arjefm-1175	10	14	findings	finding	NOUN
arjefm-1175	10	15	from	from	ADP
arjefm-1175	10	16	studies	study	NOUN
arjefm-1175	10	17	in	in	ADP
arjefm-1175	10	18	south	south	PROPN
arjefm-1175	10	19	east	east	PROPN
arjefm-1175	10	20	asia	asia	PROPN
arjefm-1175	10	21	,	,	PUNCT
arjefm-1175	10	22	kenya	kenya	PROPN
arjefm-1175	10	23	,	,	PUNCT
arjefm-1175	10	24	and	and	CCONJ
arjefm-1175	10	25	south	south	PROPN
arjefm-1175	10	26	africa	africa	PROPN
arjefm-1175	10	27	,	,	PUNCT
arjefm-1175	10	28	while	while	SCONJ
arjefm-1175	10	29	contradicting	contradict	VERB
arjefm-1175	10	30	studies	study	NOUN
arjefm-1175	10	31	in	in	ADP
arjefm-1175	10	32	tanzania	tanzania	PROPN
arjefm-1175	10	33	and	and	CCONJ
arjefm-1175	10	34	previous	previous	ADJ
arjefm-1175	10	35	nigerian	nigerian	ADJ
arjefm-1175	10	36	studies	study	NOUN
arjefm-1175	10	37	.	.	PUNCT
arjefm-1175	11	1	keywords	keyword	NOUN
arjefm-1175	11	2	:	:	PUNCT
arjefm-1175	11	3	fdi	fdi	NOUN
arjefm-1175	11	4	,	,	PUNCT
arjefm-1175	11	5	exchange	exchange	NOUN
arjefm-1175	11	6	rate	rate	NOUN
arjefm-1175	11	7	,	,	PUNCT
arjefm-1175	11	8	inflation	inflation	NOUN
arjefm-1175	11	9	rate	rate	NOUN
arjefm-1175	11	10	,	,	PUNCT
arjefm-1175	11	11	gdp	gdp	NOUN
arjefm-1175	11	12	growth	growth	NOUN
arjefm-1175	11	13	rate	rate	NOUN
arjefm-1175	11	14	,	,	PUNCT
arjefm-1175	11	15	autoregressive	autoregressive	ADJ
arjefm-1175	11	16	distributed	distribute	VERB
arjefm-1175	11	17	lag	lag	NOUN
arjefm-1175	11	18	1	1	NUM
arjefm-1175	11	19	.	.	PUNCT
arjefm-1175	12	1	introduction	introduction	NOUN
arjefm-1175	12	2	in	in	ADP
arjefm-1175	12	3	most	most	ADJ
arjefm-1175	12	4	developing	develop	VERB
arjefm-1175	12	5	countries	country	NOUN
arjefm-1175	12	6	,	,	PUNCT
arjefm-1175	12	7	foreign	foreign	ADJ
arjefm-1175	12	8	direct	direct	ADJ
arjefm-1175	12	9	investment	investment	NOUN
arjefm-1175	12	10	(	(	PUNCT
arjefm-1175	12	11	fdi	fdi	NOUN
arjefm-1175	12	12	)	)	PUNCT
arjefm-1175	12	13	serves	serve	VERB
arjefm-1175	12	14	as	as	ADP
arjefm-1175	12	15	a	a	DET
arjefm-1175	12	16	means	means	NOUN
arjefm-1175	12	17	of	of	ADP
arjefm-1175	12	18	earning	earn	VERB
arjefm-1175	12	19	foreign	foreign	ADJ
arjefm-1175	12	20	reserves	reserve	NOUN
arjefm-1175	12	21	via	via	ADP
arjefm-1175	12	22	investments	investment	NOUN
arjefm-1175	12	23	,	,	PUNCT
arjefm-1175	12	24	businesses	business	NOUN
arjefm-1175	12	25	and	and	CCONJ
arjefm-1175	12	26	foreign	foreign	ADJ
arjefm-1175	12	27	aids	aid	NOUN
arjefm-1175	12	28	from	from	ADP
arjefm-1175	12	29	advanced	advanced	ADJ
arjefm-1175	12	30	countries	country	NOUN
arjefm-1175	12	31	.	.	PUNCT
arjefm-1175	13	1	fdi	fdi	NOUN
arjefm-1175	13	2	is	be	AUX
arjefm-1175	13	3	considered	consider	VERB
arjefm-1175	13	4	a	a	DET
arjefm-1175	13	5	valuable	valuable	ADJ
arjefm-1175	13	6	source	source	NOUN
arjefm-1175	13	7	of	of	ADP
arjefm-1175	13	8	finance	finance	NOUN
arjefm-1175	13	9	and	and	CCONJ
arjefm-1175	13	10	capital	capital	NOUN
arjefm-1175	13	11	formation	formation	NOUN
arjefm-1175	13	12	,	,	PUNCT
arjefm-1175	13	13	technology	technology	NOUN
arjefm-1175	13	14	-	-	PUNCT
arjefm-1175	13	15	transfer	transfer	NOUN
arjefm-1175	13	16	and	and	CCONJ
arjefm-1175	13	17	know	know	NOUN
arjefm-1175	13	18	-	-	PUNCT
arjefm-1175	13	19	how	how	NOUN
arjefm-1175	13	20	,	,	PUNCT
arjefm-1175	13	21	as	as	ADV
arjefm-1175	13	22	well	well	ADV
arjefm-1175	13	23	as	as	ADP
arjefm-1175	13	24	a	a	DET
arjefm-1175	13	25	viable	viable	ADJ
arjefm-1175	13	26	medium	medium	NOUN
arjefm-1175	13	27	for	for	ADP
arjefm-1175	13	28	trade	trade	NOUN
arjefm-1175	13	29	among	among	ADP
arjefm-1175	13	30	countries	country	NOUN
arjefm-1175	13	31	.	.	PUNCT
arjefm-1175	14	1	nigeria	nigeria	PROPN
arjefm-1175	14	2	is	be	AUX
arjefm-1175	14	3	among	among	ADP
arjefm-1175	14	4	the	the	DET
arjefm-1175	14	5	major	major	ADJ
arjefm-1175	14	6	recipients	recipient	NOUN
arjefm-1175	14	7	of	of	ADP
arjefm-1175	14	8	fdi	fdi	PROPN
arjefm-1175	14	9	in	in	ADP
arjefm-1175	14	10	africa	africa	PROPN
arjefm-1175	14	11	.	.	PUNCT
arjefm-1175	15	1	primary	primary	ADJ
arjefm-1175	15	2	investors	investor	NOUN
arjefm-1175	15	3	are	be	AUX
arjefm-1175	15	4	coming	come	VERB
arjefm-1175	15	5	from	from	ADP
arjefm-1175	15	6	china	china	PROPN
arjefm-1175	15	7	,	,	PUNCT
arjefm-1175	15	8	india	india	PROPN
arjefm-1175	15	9	,	,	PUNCT
arjefm-1175	15	10	canada	canada	PROPN
arjefm-1175	15	11	,	,	PUNCT
arjefm-1175	15	12	united	united	ADJ
arjefm-1175	15	13	kingdom	kingdom	PROPN
arjefm-1175	15	14	,	,	PUNCT
arjefm-1175	15	15	and	and	CCONJ
arjefm-1175	15	16	kenya	kenya	PROPN
arjefm-1175	15	17	to	to	PART
arjefm-1175	15	18	mention	mention	VERB
arjefm-1175	15	19	a	a	DET
arjefm-1175	15	20	few	few	ADJ
arjefm-1175	15	21	.	.	PUNCT
arjefm-1175	16	1	mining	mining	NOUN
arjefm-1175	16	2	,	,	PUNCT
arjefm-1175	16	3	oil	oil	NOUN
arjefm-1175	16	4	and	and	CCONJ
arjefm-1175	16	5	gas	gas	NOUN
arjefm-1175	16	6	and	and	CCONJ
arjefm-1175	16	7	primary	primary	ADJ
arjefm-1175	16	8	agriculture	agriculture	NOUN
arjefm-1175	16	9	are	be	AUX
arjefm-1175	16	10	among	among	ADP
arjefm-1175	16	11	the	the	DET
arjefm-1175	16	12	key	key	ADJ
arjefm-1175	16	13	sectors	sector	NOUN
arjefm-1175	16	14	which	which	PRON
arjefm-1175	16	15	draw	draw	VERB
arjefm-1175	16	16	most	most	ADJ
arjefm-1175	16	17	fdi	fdi	NOUN
arjefm-1175	16	18	.	.	PUNCT
arjefm-1175	17	1	according	accord	VERB
arjefm-1175	17	2	to	to	ADP
arjefm-1175	17	3	the	the	DET
arjefm-1175	17	4	requirement	requirement	NOUN
arjefm-1175	17	5	for	for	ADP
arjefm-1175	17	6	accelerated	accelerated	ADJ
arjefm-1175	17	7	growth	growth	NOUN
arjefm-1175	17	8	in	in	ADP
arjefm-1175	17	9	association	association	NOUN
arjefm-1175	17	10	with	with	ADP
arjefm-1175	17	11	the	the	DET
arjefm-1175	17	12	sustainable	sustainable	ADJ
arjefm-1175	17	13	development	development	NOUN
arjefm-1175	17	14	goals	goal	NOUN
arjefm-1175	17	15	is	be	AUX
arjefm-1175	17	16	not	not	PART
arjefm-1175	17	17	completely	completely	ADV
arjefm-1175	17	18	clear	clear	ADJ
arjefm-1175	17	19	,	,	PUNCT
arjefm-1175	17	20	however	however	ADV
arjefm-1175	17	21	,	,	PUNCT
arjefm-1175	17	22	for	for	SCONJ
arjefm-1175	17	23	economies	economy	NOUN
arjefm-1175	17	24	to	to	PART
arjefm-1175	17	25	experience	experience	VERB
arjefm-1175	17	26	sustainable	sustainable	ADJ
arjefm-1175	17	27	and	and	CCONJ
arjefm-1175	17	28	inclusive	inclusive	ADJ
arjefm-1175	17	29	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	17	30	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	18	1	american	american	PROPN
arjefm-1175	18	2	research	research	PROPN
arjefm-1175	18	3	journal	journal	PROPN
arjefm-1175	18	4	of	of	ADP
arjefm-1175	18	5	economics	economic	NOUN
arjefm-1175	18	6	,	,	PUNCT
arjefm-1175	18	7	finance	finance	NOUN
arjefm-1175	18	8	and	and	CCONJ
arjefm-1175	18	9	management	management	NOUN
arjefm-1175	18	10	volume	volume	NOUN
arjefm-1175	18	11	13	13	NUM
arjefm-1175	18	12	issue	issue	NOUN
arjefm-1175	18	13	1	1	NUM
arjefm-1175	18	14	,	,	PUNCT
arjefm-1175	18	15	january	january	PROPN
arjefm-1175	18	16	-	-	PUNCT
arjefm-1175	18	17	march	march	PROPN
arjefm-1175	18	18	2025	2025	NUM
arjefm-1175	18	19	issn	issn	NOUN
arjefm-1175	18	20	:	:	PUNCT
arjefm-1175	18	21	2836	2836	NUM
arjefm-1175	18	22	-	-	SYM
arjefm-1175	18	23	9416	9416	NUM
arjefm-1175	18	24	impact	impact	NOUN
arjefm-1175	18	25	factor	factor	NOUN
arjefm-1175	18	26	:	:	PUNCT
arjefm-1175	18	27	6.41	6.41	NUM
arjefm-1175	18	28	journal	journal	NOUN
arjefm-1175	18	29	homepage	homepage	NOUN
arjefm-1175	18	30	:	:	PUNCT
arjefm-1175	18	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	18	32	,	,	PUNCT
arjefm-1175	18	33	email	email	NOUN
arjefm-1175	18	34	:	:	PUNCT
arjefm-1175	19	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	19	2	official	official	ADJ
arjefm-1175	19	3	journal	journal	PROPN
arjefm-1175	19	4	of	of	ADP
arjefm-1175	19	5	america	america	PROPN
arjefm-1175	19	6	serial	serial	PROPN
arjefm-1175	19	7	publication	publication	NOUN
arjefm-1175	19	8	american	american	PROPN
arjefm-1175	19	9	research	research	PROPN
arjefm-1175	19	10	journal	journal	PROPN
arjefm-1175	19	11	of	of	ADP
arjefm-1175	19	12	economics	economic	NOUN
arjefm-1175	19	13	,	,	PUNCT
arjefm-1175	19	14	finance	finance	NOUN
arjefm-1175	19	15	and	and	CCONJ
arjefm-1175	19	16	management	management	NOUN
arjefm-1175	19	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	19	18	,	,	PUNCT
arjefm-1175	19	19	email	email	NOUN
arjefm-1175	19	20	:	:	PUNCT
arjefm-1175	19	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	20	1	176	176	NUM
arjefm-1175	21	1	|	|	ADV
arjefm-1175	21	2	p	p	NOUN
arjefm-1175	21	3	a	a	DET
arjefm-1175	21	4	g	g	NOUN
arjefm-1175	21	5	e	e	NOUN
arjefm-1175	21	6	development	development	NOUN
arjefm-1175	21	7	,	,	PUNCT
arjefm-1175	21	8	cross	cross	ADJ
arjefm-1175	21	9	-	-	ADJ
arjefm-1175	21	10	border	border	ADJ
arjefm-1175	21	11	trade	trade	NOUN
arjefm-1175	21	12	is	be	AUX
arjefm-1175	21	13	paramount	paramount	ADJ
arjefm-1175	21	14	(	(	PUNCT
arjefm-1175	21	15	unctad	unctad	PROPN
arjefm-1175	21	16	,	,	PUNCT
arjefm-1175	21	17	2019	2019	NUM
arjefm-1175	21	18	)	)	PUNCT
arjefm-1175	21	19	.	.	PUNCT
arjefm-1175	22	1	fdi	fdi	NOUN
arjefm-1175	22	2	is	be	AUX
arjefm-1175	22	3	highlighted	highlight	VERB
arjefm-1175	22	4	as	as	ADP
arjefm-1175	22	5	type	type	NOUN
arjefm-1175	22	6	of	of	ADP
arjefm-1175	22	7	capital	capital	NOUN
arjefm-1175	22	8	and	and	CCONJ
arjefm-1175	22	9	means	mean	VERB
arjefm-1175	22	10	through	through	ADP
arjefm-1175	22	11	which	which	DET
arjefm-1175	22	12	technology	technology	NOUN
arjefm-1175	22	13	and	and	CCONJ
arjefm-1175	22	14	knowledge	knowledge	NOUN
arjefm-1175	22	15	can	can	AUX
arjefm-1175	22	16	be	be	AUX
arjefm-1175	22	17	transferred	transfer	VERB
arjefm-1175	22	18	and	and	CCONJ
arjefm-1175	22	19	diffused	diffuse	VERB
arjefm-1175	22	20	from	from	ADP
arjefm-1175	22	21	advanced	advanced	ADJ
arjefm-1175	22	22	country	country	NOUN
arjefm-1175	22	23	to	to	ADP
arjefm-1175	22	24	another	another	PRON
arjefm-1175	22	25	.	.	PUNCT
arjefm-1175	23	1	in	in	ADP
arjefm-1175	23	2	other	other	ADJ
arjefm-1175	23	3	words	word	NOUN
arjefm-1175	23	4	,	,	PUNCT
arjefm-1175	23	5	fdi	fdi	NOUN
arjefm-1175	23	6	is	be	AUX
arjefm-1175	23	7	direct	direct	ADJ
arjefm-1175	23	8	investment	investment	NOUN
arjefm-1175	23	9	into	into	ADP
arjefm-1175	23	10	production	production	NOUN
arjefm-1175	23	11	or	or	CCONJ
arjefm-1175	23	12	business	business	NOUN
arjefm-1175	23	13	in	in	ADP
arjefm-1175	23	14	a	a	DET
arjefm-1175	23	15	country	country	NOUN
arjefm-1175	23	16	by	by	ADP
arjefm-1175	23	17	a	a	DET
arjefm-1175	23	18	company	company	NOUN
arjefm-1175	23	19	in	in	ADP
arjefm-1175	23	20	another	another	DET
arjefm-1175	23	21	country	country	NOUN
arjefm-1175	23	22	,	,	PUNCT
arjefm-1175	23	23	either	either	CCONJ
arjefm-1175	23	24	by	by	ADP
arjefm-1175	23	25	buying	buy	VERB
arjefm-1175	23	26	a	a	DET
arjefm-1175	23	27	company	company	NOUN
arjefm-1175	23	28	in	in	ADP
arjefm-1175	23	29	the	the	DET
arjefm-1175	23	30	target	target	NOUN
arjefm-1175	23	31	country	country	NOUN
arjefm-1175	23	32	or	or	CCONJ
arjefm-1175	23	33	by	by	ADP
arjefm-1175	23	34	expanding	expand	VERB
arjefm-1175	23	35	operations	operation	NOUN
arjefm-1175	23	36	of	of	ADP
arjefm-1175	23	37	an	an	DET
arjefm-1175	23	38	existing	exist	VERB
arjefm-1175	23	39	business	business	NOUN
arjefm-1175	23	40	in	in	ADP
arjefm-1175	23	41	that	that	DET
arjefm-1175	23	42	country	country	NOUN
arjefm-1175	23	43	.	.	PUNCT
arjefm-1175	24	1	foreign	foreign	ADJ
arjefm-1175	24	2	direct	direct	ADJ
arjefm-1175	24	3	investment	investment	NOUN
arjefm-1175	24	4	is	be	AUX
arjefm-1175	24	5	done	do	VERB
arjefm-1175	24	6	for	for	ADP
arjefm-1175	24	7	many	many	ADJ
arjefm-1175	24	8	reasons	reason	NOUN
arjefm-1175	24	9	including	include	VERB
arjefm-1175	24	10	to	to	PART
arjefm-1175	24	11	take	take	VERB
arjefm-1175	24	12	advantage	advantage	NOUN
arjefm-1175	24	13	of	of	ADP
arjefm-1175	24	14	cheaper	cheap	ADJ
arjefm-1175	24	15	wages	wage	NOUN
arjefm-1175	24	16	or	or	CCONJ
arjefm-1175	24	17	for	for	ADP
arjefm-1175	24	18	special	special	ADJ
arjefm-1175	24	19	investment	investment	NOUN
arjefm-1175	24	20	privileges	privilege	NOUN
arjefm-1175	24	21	such	such	ADJ
arjefm-1175	24	22	as	as	ADP
arjefm-1175	24	23	tax	tax	NOUN
arjefm-1175	24	24	exemptions	exemption	NOUN
arjefm-1175	24	25	offered	offer	VERB
arjefm-1175	24	26	by	by	ADP
arjefm-1175	24	27	the	the	DET
arjefm-1175	24	28	country	country	NOUN
arjefm-1175	24	29	as	as	ADP
arjefm-1175	24	30	an	an	DET
arjefm-1175	24	31	incentive	incentive	NOUN
arjefm-1175	24	32	to	to	PART
arjefm-1175	24	33	gain	gain	VERB
arjefm-1175	24	34	tariff	tariff	NOUN
arjefm-1175	24	35	-	-	PUNCT
arjefm-1175	24	36	free	free	ADJ
arjefm-1175	24	37	access	access	NOUN
arjefm-1175	24	38	to	to	ADP
arjefm-1175	24	39	the	the	DET
arjefm-1175	24	40	markets	market	NOUN
arjefm-1175	24	41	of	of	ADP
arjefm-1175	24	42	the	the	DET
arjefm-1175	24	43	country	country	NOUN
arjefm-1175	24	44	or	or	CCONJ
arjefm-1175	24	45	the	the	DET
arjefm-1175	24	46	region	region	NOUN
arjefm-1175	24	47	.	.	PUNCT
arjefm-1175	25	1	fdi	fdi	NOUN
arjefm-1175	25	2	is	be	AUX
arjefm-1175	25	3	in	in	ADP
arjefm-1175	25	4	contrast	contrast	NOUN
arjefm-1175	25	5	to	to	ADP
arjefm-1175	25	6	portfolio	portfolio	NOUN
arjefm-1175	25	7	investment	investment	NOUN
arjefm-1175	25	8	,	,	PUNCT
arjefm-1175	25	9	which	which	PRON
arjefm-1175	25	10	is	be	AUX
arjefm-1175	25	11	a	a	DET
arjefm-1175	25	12	passive	passive	ADJ
arjefm-1175	25	13	investment	investment	NOUN
arjefm-1175	25	14	in	in	ADP
arjefm-1175	25	15	the	the	DET
arjefm-1175	25	16	securities	security	NOUN
arjefm-1175	25	17	of	of	ADP
arjefm-1175	25	18	another	another	DET
arjefm-1175	25	19	country	country	NOUN
arjefm-1175	25	20	such	such	ADJ
arjefm-1175	25	21	as	as	ADP
arjefm-1175	25	22	stocks	stock	NOUN
arjefm-1175	25	23	and	and	CCONJ
arjefm-1175	25	24	bonds	bond	NOUN
arjefm-1175	25	25	.	.	PUNCT
arjefm-1175	26	1	in	in	ADP
arjefm-1175	26	2	this	this	DET
arjefm-1175	26	3	aspect	aspect	NOUN
arjefm-1175	26	4	,	,	PUNCT
arjefm-1175	26	5	fdi	fdi	NOUN
arjefm-1175	26	6	inflows	inflow	NOUN
arjefm-1175	26	7	could	could	AUX
arjefm-1175	26	8	help	help	VERB
arjefm-1175	26	9	the	the	DET
arjefm-1175	26	10	nation	nation	NOUN
arjefm-1175	26	11	's	's	PART
arjefm-1175	26	12	economy	economy	NOUN
arjefm-1175	26	13	thrive	thrive	VERB
arjefm-1175	26	14	(	(	PUNCT
arjefm-1175	26	15	mwitta	mwitta	NOUN
arjefm-1175	26	16	,	,	PUNCT
arjefm-1175	26	17	2022	2022	NUM
arjefm-1175	26	18	)	)	PUNCT
arjefm-1175	26	19	.	.	PUNCT
arjefm-1175	27	1	theoretically	theoretically	ADV
arjefm-1175	27	2	,	,	PUNCT
arjefm-1175	27	3	fdi	fdi	NOUN
arjefm-1175	27	4	has	have	VERB
arjefm-1175	27	5	the	the	DET
arjefm-1175	27	6	potential	potential	NOUN
arjefm-1175	27	7	to	to	PART
arjefm-1175	27	8	be	be	AUX
arjefm-1175	27	9	a	a	DET
arjefm-1175	27	10	major	major	ADJ
arjefm-1175	27	11	driver	driver	NOUN
arjefm-1175	27	12	of	of	ADP
arjefm-1175	27	13	economic	economic	ADJ
arjefm-1175	27	14	growth	growth	NOUN
arjefm-1175	27	15	in	in	ADP
arjefm-1175	27	16	nigeria	nigeria	PROPN
arjefm-1175	27	17	in	in	ADP
arjefm-1175	27	18	numerous	numerous	ADJ
arjefm-1175	27	19	ways	way	NOUN
arjefm-1175	27	20	:	:	PUNCT
arjefm-1175	27	21	i	i	PRON
arjefm-1175	27	22	)	)	PUNCT
arjefm-1175	27	23	brings	bring	VERB
arjefm-1175	27	24	in	in	ADP
arjefm-1175	27	25	much	much	ADV
arjefm-1175	27	26	-	-	PUNCT
arjefm-1175	27	27	needed	need	VERB
arjefm-1175	27	28	capital	capital	NOUN
arjefm-1175	27	29	for	for	ADP
arjefm-1175	27	30	businesses	business	NOUN
arjefm-1175	27	31	and	and	CCONJ
arjefm-1175	27	32	infrastructure	infrastructure	NOUN
arjefm-1175	27	33	development	development	NOUN
arjefm-1175	27	34	,	,	PUNCT
arjefm-1175	27	35	which	which	PRON
arjefm-1175	27	36	can	can	AUX
arjefm-1175	27	37	lead	lead	VERB
arjefm-1175	27	38	to	to	ADP
arjefm-1175	27	39	creation	creation	NOUN
arjefm-1175	27	40	of	of	ADP
arjefm-1175	27	41	new	new	ADJ
arjefm-1175	27	42	jobs	job	NOUN
arjefm-1175	27	43	,	,	PUNCT
arjefm-1175	27	44	expansion	expansion	NOUN
arjefm-1175	27	45	of	of	ADP
arjefm-1175	27	46	existing	exist	VERB
arjefm-1175	27	47	ones	one	NOUN
arjefm-1175	27	48	,	,	PUNCT
arjefm-1175	27	49	and	and	CCONJ
arjefm-1175	27	50	overall	overall	ADJ
arjefm-1175	27	51	economic	economic	ADJ
arjefm-1175	27	52	activity	activity	NOUN
arjefm-1175	27	53	;	;	PUNCT
arjefm-1175	27	54	ii	ii	X
arjefm-1175	27	55	)	)	PUNCT
arjefm-1175	27	56	transfer	transfer	NOUN
arjefm-1175	27	57	of	of	ADP
arjefm-1175	27	58	technology	technology	NOUN
arjefm-1175	27	59	and	and	CCONJ
arjefm-1175	27	60	skills	skill	NOUN
arjefm-1175	27	61	can	can	AUX
arjefm-1175	27	62	benefit	benefit	VERB
arjefm-1175	27	63	nigerian	nigerian	ADJ
arjefm-1175	27	64	businesses	business	NOUN
arjefm-1175	27	65	through	through	ADP
arjefm-1175	27	66	knowledge	knowledge	NOUN
arjefm-1175	27	67	sharing	sharing	NOUN
arjefm-1175	27	68	and	and	CCONJ
arjefm-1175	27	69	training	training	NOUN
arjefm-1175	27	70	,	,	PUNCT
arjefm-1175	27	71	leading	lead	VERB
arjefm-1175	27	72	to	to	ADP
arjefm-1175	27	73	a	a	DET
arjefm-1175	27	74	more	more	ADV
arjefm-1175	27	75	skilled	skilled	ADJ
arjefm-1175	27	76	workforce	workforce	NOUN
arjefm-1175	27	77	and	and	CCONJ
arjefm-1175	27	78	increased	increase	VERB
arjefm-1175	27	79	productivity	productivity	NOUN
arjefm-1175	27	80	;	;	PUNCT
arjefm-1175	27	81	and	and	CCONJ
arjefm-1175	27	82	iii	iii	X
arjefm-1175	27	83	)	)	PUNCT
arjefm-1175	27	84	transfer	transfer	NOUN
arjefm-1175	27	85	of	of	ADP
arjefm-1175	27	86	technology	technology	NOUN
arjefm-1175	27	87	and	and	CCONJ
arjefm-1175	27	88	skills	skill	NOUN
arjefm-1175	27	89	fdi	fdi	NOUN
arjefm-1175	27	90	can	can	AUX
arjefm-1175	27	91	help	help	VERB
arjefm-1175	27	92	develop	develop	VERB
arjefm-1175	27	93	export	export	NOUN
arjefm-1175	27	94	-	-	PUNCT
arjefm-1175	27	95	oriented	orient	VERB
arjefm-1175	27	96	industries	industry	NOUN
arjefm-1175	27	97	,	,	PUNCT
arjefm-1175	27	98	bringing	bring	VERB
arjefm-1175	27	99	in	in	ADP
arjefm-1175	27	100	foreign	foreign	ADJ
arjefm-1175	27	101	currency	currency	NOUN
arjefm-1175	27	102	and	and	CCONJ
arjefm-1175	27	103	improving	improve	VERB
arjefm-1175	27	104	nigeria	nigeria	PROPN
arjefm-1175	27	105	's	's	PART
arjefm-1175	27	106	trade	trade	NOUN
arjefm-1175	27	107	balance	balance	NOUN
arjefm-1175	27	108	.	.	PUNCT
arjefm-1175	28	1	nigeria	nigeria	PROPN
arjefm-1175	28	2	's	's	PART
arjefm-1175	28	3	foreign	foreign	ADJ
arjefm-1175	28	4	investment	investment	NOUN
arjefm-1175	28	5	can	can	AUX
arjefm-1175	28	6	be	be	AUX
arjefm-1175	28	7	traced	trace	VERB
arjefm-1175	28	8	back	back	ADV
arjefm-1175	28	9	to	to	ADP
arjefm-1175	28	10	the	the	DET
arjefm-1175	28	11	colonial	colonial	ADJ
arjefm-1175	28	12	era	era	NOUN
arjefm-1175	28	13	,	,	PUNCT
arjefm-1175	28	14	when	when	SCONJ
arjefm-1175	28	15	the	the	DET
arjefm-1175	28	16	colonial	colonial	ADJ
arjefm-1175	28	17	masters	master	NOUN
arjefm-1175	28	18	intended	intend	VERB
arjefm-1175	28	19	to	to	PART
arjefm-1175	28	20	use	use	VERB
arjefm-1175	28	21	her	her	PRON
arjefm-1175	28	22	resources	resource	NOUN
arjefm-1175	28	23	to	to	PART
arjefm-1175	28	24	develop	develop	VERB
arjefm-1175	28	25	their	their	PRON
arjefm-1175	28	26	economy	economy	NOUN
arjefm-1175	28	27	,	,	PUNCT
arjefm-1175	28	28	but	but	CCONJ
arjefm-1175	28	29	they	they	PRON
arjefm-1175	28	30	made	make	VERB
arjefm-1175	28	31	very	very	ADV
arjefm-1175	28	32	little	little	ADJ
arjefm-1175	28	33	investment	investment	NOUN
arjefm-1175	28	34	.	.	PUNCT
arjefm-1175	29	1	after	after	SCONJ
arjefm-1175	29	2	the	the	DET
arjefm-1175	29	3	oil	oil	NOUN
arjefm-1175	29	4	boom	boom	NOUN
arjefm-1175	29	5	ended	end	VERB
arjefm-1175	29	6	in	in	ADP
arjefm-1175	29	7	1982	1982	NUM
arjefm-1175	29	8	,	,	PUNCT
arjefm-1175	29	9	nigeria	nigeria	PROPN
arjefm-1175	29	10	entered	enter	VERB
arjefm-1175	29	11	a	a	DET
arjefm-1175	29	12	maze	maze	NOUN
arjefm-1175	29	13	of	of	ADP
arjefm-1175	29	14	economic	economic	ADJ
arjefm-1175	29	15	issues	issue	NOUN
arjefm-1175	29	16	,	,	PUNCT
arjefm-1175	29	17	including	include	VERB
arjefm-1175	29	18	unsustainable	unsustainable	ADJ
arjefm-1175	29	19	balance	balance	NOUN
arjefm-1175	29	20	of	of	ADP
arjefm-1175	29	21	payments	payment	NOUN
arjefm-1175	29	22	deficits	deficit	NOUN
arjefm-1175	29	23	,	,	PUNCT
arjefm-1175	29	24	a	a	DET
arjefm-1175	29	25	rapidly	rapidly	ADV
arjefm-1175	29	26	growing	grow	VERB
arjefm-1175	29	27	debt	debt	NOUN
arjefm-1175	29	28	stock	stock	NOUN
arjefm-1175	29	29	,	,	PUNCT
arjefm-1175	29	30	and	and	CCONJ
arjefm-1175	29	31	a	a	DET
arjefm-1175	29	32	crippling	crippling	ADJ
arjefm-1175	29	33	debt	debt	NOUN
arjefm-1175	29	34	service	service	NOUN
arjefm-1175	29	35	burden	burden	NOUN
arjefm-1175	29	36	.	.	PUNCT
arjefm-1175	30	1	according	accord	VERB
arjefm-1175	30	2	to	to	ADP
arjefm-1175	30	3	ojo	ojo	NOUN
arjefm-1175	30	4	and	and	CCONJ
arjefm-1175	30	5	alege	alege	NOUN
arjefm-1175	30	6	(	(	PUNCT
arjefm-1175	30	7	2014	2014	NUM
arjefm-1175	30	8	)	)	PUNCT
arjefm-1175	30	9	,	,	PUNCT
arjefm-1175	30	10	the	the	DET
arjefm-1175	30	11	economic	economic	ADJ
arjefm-1175	30	12	issues	issue	NOUN
arjefm-1175	30	13	include	include	VERB
arjefm-1175	30	14	unsustainable	unsustainable	ADJ
arjefm-1175	30	15	fiscal	fiscal	ADJ
arjefm-1175	30	16	deficits	deficit	NOUN
arjefm-1175	30	17	,	,	PUNCT
arjefm-1175	30	18	rising	rise	VERB
arjefm-1175	30	19	unemployment	unemployment	NOUN
arjefm-1175	30	20	,	,	PUNCT
arjefm-1175	30	21	and	and	CCONJ
arjefm-1175	30	22	galloping	gallop	VERB
arjefm-1175	30	23	inflation	inflation	NOUN
arjefm-1175	30	24	,	,	PUNCT
arjefm-1175	30	25	but	but	CCONJ
arjefm-1175	30	26	most	most	ADV
arjefm-1175	30	27	significantly	significantly	ADV
arjefm-1175	30	28	,	,	PUNCT
arjefm-1175	30	29	investment	investment	NOUN
arjefm-1175	30	30	collapsed	collapse	VERB
arjefm-1175	30	31	,	,	PUNCT
arjefm-1175	30	32	which	which	PRON
arjefm-1175	30	33	led	lead	VERB
arjefm-1175	30	34	to	to	ADP
arjefm-1175	30	35	a	a	DET
arjefm-1175	30	36	decline	decline	NOUN
arjefm-1175	30	37	in	in	ADP
arjefm-1175	30	38	real	real	ADJ
arjefm-1175	30	39	output	output	NOUN
arjefm-1175	30	40	and	and	CCONJ
arjefm-1175	30	41	per	per	ADP
arjefm-1175	30	42	capita	capita	X
arjefm-1175	30	43	real	real	ADJ
arjefm-1175	30	44	income	income	NOUN
arjefm-1175	30	45	level	level	NOUN
arjefm-1175	30	46	.	.	PUNCT
arjefm-1175	31	1	the	the	DET
arjefm-1175	31	2	federal	federal	ADJ
arjefm-1175	31	3	government	government	NOUN
arjefm-1175	31	4	has	have	AUX
arjefm-1175	31	5	implemented	implement	VERB
arjefm-1175	31	6	several	several	ADJ
arjefm-1175	31	7	required	require	VERB
arjefm-1175	31	8	measures	measure	NOUN
arjefm-1175	31	9	to	to	PART
arjefm-1175	31	10	attract	attract	VERB
arjefm-1175	31	11	international	international	ADJ
arjefm-1175	31	12	investors	investor	NOUN
arjefm-1175	31	13	to	to	ADP
arjefm-1175	31	14	the	the	DET
arjefm-1175	31	15	country	country	NOUN
arjefm-1175	31	16	since	since	SCONJ
arjefm-1175	31	17	the	the	DET
arjefm-1175	31	18	inauguration	inauguration	NOUN
arjefm-1175	31	19	of	of	ADP
arjefm-1175	31	20	democracy	democracy	NOUN
arjefm-1175	31	21	in	in	ADP
arjefm-1175	31	22	1999	1999	NUM
arjefm-1175	31	23	.	.	PUNCT
arjefm-1175	32	1	among	among	ADP
arjefm-1175	32	2	these	these	DET
arjefm-1175	32	3	actions	action	NOUN
arjefm-1175	32	4	are	be	AUX
arjefm-1175	32	5	the	the	DET
arjefm-1175	32	6	enactment	enactment	NOUN
arjefm-1175	32	7	of	of	ADP
arjefm-1175	32	8	investment	investment	NOUN
arjefm-1175	32	9	regulations	regulation	NOUN
arjefm-1175	32	10	,	,	PUNCT
arjefm-1175	32	11	the	the	DET
arjefm-1175	32	12	repeal	repeal	NOUN
arjefm-1175	32	13	of	of	ADP
arjefm-1175	32	14	rules	rule	NOUN
arjefm-1175	32	15	that	that	PRON
arjefm-1175	32	16	hinder	hinder	VERB
arjefm-1175	32	17	the	the	DET
arjefm-1175	32	18	growth	growth	NOUN
arjefm-1175	32	19	of	of	ADP
arjefm-1175	32	20	foreign	foreign	ADJ
arjefm-1175	32	21	investment	investment	NOUN
arjefm-1175	32	22	,	,	PUNCT
arjefm-1175	32	23	and	and	CCONJ
arjefm-1175	32	24	the	the	DET
arjefm-1175	32	25	president	president	NOUN
arjefm-1175	32	26	's	's	PART
arjefm-1175	32	27	numerous	numerous	ADJ
arjefm-1175	32	28	international	international	ADJ
arjefm-1175	32	29	tours	tour	NOUN
arjefm-1175	32	30	for	for	ADP
arjefm-1175	32	31	image	image	NOUN
arjefm-1175	32	32	-	-	PUNCT
arjefm-1175	32	33	cleaning	cleaning	NOUN
arjefm-1175	32	34	.	.	PUNCT
arjefm-1175	33	1	nigeria	nigeria	PROPN
arjefm-1175	33	2	currently	currently	ADV
arjefm-1175	33	3	ranks	rank	VERB
arjefm-1175	33	4	as	as	ADP
arjefm-1175	33	5	the	the	DET
arjefm-1175	33	6	first	first	ADJ
arjefm-1175	33	7	host	host	NOUN
arjefm-1175	33	8	economy	economy	NOUN
arjefm-1175	33	9	for	for	ADP
arjefm-1175	33	10	fdi	fdi	PROPN
arjefm-1175	33	11	in	in	ADP
arjefm-1175	33	12	sub	sub	ADJ
arjefm-1175	33	13	-	-	ADJ
arjefm-1175	33	14	saharan	saharan	ADJ
arjefm-1175	33	15	africa	africa	PROPN
arjefm-1175	33	16	and	and	CCONJ
arjefm-1175	33	17	the	the	DET
arjefm-1175	33	18	third	third	ADJ
arjefm-1175	33	19	in	in	ADP
arjefm-1175	33	20	the	the	DET
arjefm-1175	33	21	continent	continent	NOUN
arjefm-1175	33	22	(	(	PUNCT
arjefm-1175	33	23	oyegoke	oyegoke	VERB
arjefm-1175	33	24	&	&	CCONJ
arjefm-1175	33	25	aras	aras	X
arjefm-1175	33	26	2021	2021	NUM
arjefm-1175	33	27	)	)	PUNCT
arjefm-1175	33	28	.	.	PUNCT
arjefm-1175	34	1	in	in	ADP
arjefm-1175	34	2	recent	recent	ADJ
arjefm-1175	34	3	years	year	NOUN
arjefm-1175	34	4	,	,	PUNCT
arjefm-1175	34	5	nigeria	nigeria	PROPN
arjefm-1175	34	6	has	have	AUX
arjefm-1175	34	7	implemented	implement	VERB
arjefm-1175	34	8	a	a	DET
arjefm-1175	34	9	number	number	NOUN
arjefm-1175	34	10	of	of	ADP
arjefm-1175	34	11	trade	trade	NOUN
arjefm-1175	34	12	policies	policy	NOUN
arjefm-1175	34	13	aimed	aim	VERB
arjefm-1175	34	14	at	at	ADP
arjefm-1175	34	15	diversifying	diversify	VERB
arjefm-1175	34	16	the	the	DET
arjefm-1175	34	17	economy	economy	NOUN
arjefm-1175	34	18	away	away	ADV
arjefm-1175	34	19	from	from	ADP
arjefm-1175	34	20	oil	oil	NOUN
arjefm-1175	34	21	revenue	revenue	NOUN
arjefm-1175	34	22	,	,	PUNCT
arjefm-1175	34	23	with	with	ADP
arjefm-1175	34	24	a	a	DET
arjefm-1175	34	25	particular	particular	ADJ
arjefm-1175	34	26	focus	focus	NOUN
arjefm-1175	34	27	on	on	ADP
arjefm-1175	34	28	enhancing	enhance	VERB
arjefm-1175	34	29	the	the	DET
arjefm-1175	34	30	industrial	industrial	ADJ
arjefm-1175	34	31	sector	sector	NOUN
arjefm-1175	34	32	,	,	PUNCT
arjefm-1175	34	33	which	which	PRON
arjefm-1175	34	34	naturally	naturally	ADV
arjefm-1175	34	35	leads	lead	VERB
arjefm-1175	34	36	to	to	ADP
arjefm-1175	34	37	austerity	austerity	NOUN
arjefm-1175	34	38	.	.	PUNCT
arjefm-1175	35	1	in	in	ADP
arjefm-1175	35	2	2018	2018	NUM
arjefm-1175	35	3	,	,	PUNCT
arjefm-1175	35	4	the	the	DET
arjefm-1175	35	5	total	total	ADJ
arjefm-1175	35	6	fdi	fdi	ADJ
arjefm-1175	35	7	inflow	inflow	NOUN
arjefm-1175	35	8	to	to	ADP
arjefm-1175	35	9	the	the	DET
arjefm-1175	35	10	country	country	NOUN
arjefm-1175	35	11	was	be	AUX
arjefm-1175	35	12	around	around	ADP
arjefm-1175	35	13	usd	usd	NOUN
arjefm-1175	35	14	1.9	1.9	NUM
arjefm-1175	35	15	billion	billion	NUM
arjefm-1175	35	16	,	,	PUNCT
arjefm-1175	35	17	while	while	SCONJ
arjefm-1175	35	18	in	in	ADP
arjefm-1175	35	19	2017	2017	NUM
arjefm-1175	35	20	,	,	PUNCT
arjefm-1175	35	21	fdi	fdi	NOUN
arjefm-1175	35	22	inflow	inflow	NOUN
arjefm-1175	35	23	was	be	AUX
arjefm-1175	35	24	around	around	ADV
arjefm-1175	35	25	usd	usd	NOUN
arjefm-1175	35	26	3.5	3.5	NUM
arjefm-1175	35	27	billion	billion	NUM
arjefm-1175	35	28	,	,	PUNCT
arjefm-1175	35	29	showing	show	VERB
arjefm-1175	35	30	a	a	DET
arjefm-1175	35	31	decrease	decrease	NOUN
arjefm-1175	35	32	due	due	ADP
arjefm-1175	35	33	to	to	ADP
arjefm-1175	35	34	the	the	DET
arjefm-1175	35	35	consequence	consequence	NOUN
arjefm-1175	35	36	of	of	ADP
arjefm-1175	35	37	the	the	DET
arjefm-1175	35	38	austerity	austerity	NOUN
arjefm-1175	35	39	measures	measure	NOUN
arjefm-1175	35	40	imposed	impose	VERB
arjefm-1175	35	41	in	in	ADP
arjefm-1175	35	42	2018	2018	NUM
arjefm-1175	35	43	.	.	PUNCT
arjefm-1175	36	1	at	at	ADP
arjefm-1175	36	2	the	the	DET
arjefm-1175	36	3	third	third	ADJ
arjefm-1175	36	4	quarter	quarter	NOUN
arjefm-1175	36	5	of	of	ADP
arjefm-1175	36	6	2019	2019	NUM
arjefm-1175	36	7	,	,	PUNCT
arjefm-1175	36	8	the	the	DET
arjefm-1175	36	9	fdi	fdi	NOUN
arjefm-1175	36	10	was	be	AUX
arjefm-1175	36	11	only	only	ADV
arjefm-1175	36	12	3.37	3.37	NUM
arjefm-1175	36	13	%	%	NOUN
arjefm-1175	36	14	(	(	PUNCT
arjefm-1175	36	15	usd	usd	NOUN
arjefm-1175	36	16	200.08	200.08	NUM
arjefm-1175	36	17	million	million	NUM
arjefm-1175	36	18	)	)	PUNCT
arjefm-1175	36	19	of	of	ADP
arjefm-1175	36	20	the	the	DET
arjefm-1175	36	21	total	total	ADJ
arjefm-1175	36	22	capital	capital	NOUN
arjefm-1175	36	23	inflow	inflow	NOUN
arjefm-1175	36	24	for	for	ADP
arjefm-1175	36	25	the	the	DET
arjefm-1175	36	26	period	period	NOUN
arjefm-1175	36	27	.	.	PUNCT
arjefm-1175	37	1	traditionally	traditionally	ADV
arjefm-1175	37	2	,	,	PUNCT
arjefm-1175	37	3	fdi	fdi	NOUN
arjefm-1175	37	4	is	be	AUX
arjefm-1175	37	5	designed	design	VERB
arjefm-1175	37	6	to	to	PART
arjefm-1175	37	7	improve	improve	VERB
arjefm-1175	37	8	the	the	DET
arjefm-1175	37	9	recipient	recipient	NOUN
arjefm-1175	37	10	economies	economy	NOUN
arjefm-1175	37	11	thereby	thereby	ADV
arjefm-1175	37	12	enhancing	enhance	VERB
arjefm-1175	37	13	economic	economic	ADJ
arjefm-1175	37	14	growth	growth	NOUN
arjefm-1175	37	15	and	and	CCONJ
arjefm-1175	37	16	development	development	NOUN
arjefm-1175	37	17	,	,	PUNCT
arjefm-1175	37	18	it	it	PRON
arjefm-1175	37	19	is	be	AUX
arjefm-1175	37	20	in	in	ADP
arjefm-1175	37	21	this	this	DET
arjefm-1175	37	22	view	view	NOUN
arjefm-1175	37	23	that	that	SCONJ
arjefm-1175	37	24	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	37	25	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	37	26	http://en.wikipedia.org/wiki/tax_exemption	http://en.wikipedia.org/wiki/tax_exemption	NOUN
arjefm-1175	37	27	http://en.wikipedia.org/wiki/tax_exemption	http://en.wikipedia.org/wiki/tax_exemption	NOUN
arjefm-1175	37	28	http://en.wikipedia.org/wiki/portfolio_investment	http://en.wikipedia.org/wiki/portfolio_investment	PROPN
arjefm-1175	37	29	http://en.wikipedia.org/wiki/stock_(finance	http://en.wikipedia.org/wiki/stock_(finance	PROPN
arjefm-1175	37	30	)	)	PUNCT
arjefm-1175	37	31	http://en.wikipedia.org/wiki/bond_(finance	http://en.wikipedia.org/wiki/bond_(finance	NOUN
arjefm-1175	37	32	)	)	PUNCT
arjefm-1175	37	33	american	american	PROPN
arjefm-1175	37	34	research	research	PROPN
arjefm-1175	37	35	journal	journal	PROPN
arjefm-1175	37	36	of	of	ADP
arjefm-1175	37	37	economics	economic	NOUN
arjefm-1175	37	38	,	,	PUNCT
arjefm-1175	37	39	finance	finance	NOUN
arjefm-1175	37	40	and	and	CCONJ
arjefm-1175	37	41	management	management	NOUN
arjefm-1175	37	42	volume	volume	NOUN
arjefm-1175	37	43	13	13	NUM
arjefm-1175	37	44	issue	issue	NOUN
arjefm-1175	37	45	1	1	NUM
arjefm-1175	37	46	,	,	PUNCT
arjefm-1175	37	47	january	january	PROPN
arjefm-1175	37	48	-	-	PUNCT
arjefm-1175	37	49	march	march	PROPN
arjefm-1175	37	50	2025	2025	NUM
arjefm-1175	37	51	issn	issn	NOUN
arjefm-1175	37	52	:	:	PUNCT
arjefm-1175	37	53	2836	2836	NUM
arjefm-1175	37	54	-	-	SYM
arjefm-1175	37	55	9416	9416	NUM
arjefm-1175	37	56	impact	impact	NOUN
arjefm-1175	37	57	factor	factor	NOUN
arjefm-1175	37	58	:	:	PUNCT
arjefm-1175	37	59	6.41	6.41	NUM
arjefm-1175	37	60	journal	journal	NOUN
arjefm-1175	37	61	homepage	homepage	NOUN
arjefm-1175	37	62	:	:	PUNCT
arjefm-1175	37	63	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	37	64	,	,	PUNCT
arjefm-1175	37	65	email	email	NOUN
arjefm-1175	37	66	:	:	PUNCT
arjefm-1175	37	67	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	37	68	official	official	ADJ
arjefm-1175	37	69	journal	journal	PROPN
arjefm-1175	37	70	of	of	ADP
arjefm-1175	37	71	america	america	PROPN
arjefm-1175	37	72	serial	serial	PROPN
arjefm-1175	37	73	publication	publication	NOUN
arjefm-1175	37	74	american	american	PROPN
arjefm-1175	37	75	research	research	PROPN
arjefm-1175	37	76	journal	journal	PROPN
arjefm-1175	37	77	of	of	ADP
arjefm-1175	37	78	economics	economic	NOUN
arjefm-1175	37	79	,	,	PUNCT
arjefm-1175	37	80	finance	finance	NOUN
arjefm-1175	37	81	and	and	CCONJ
arjefm-1175	37	82	management	management	NOUN
arjefm-1175	37	83	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	37	84	,	,	PUNCT
arjefm-1175	37	85	email	email	NOUN
arjefm-1175	37	86	:	:	PUNCT
arjefm-1175	37	87	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	37	88	177	177	NUM
arjefm-1175	38	1	|	|	ADV
arjefm-1175	38	2	p	p	X
arjefm-1175	38	3	a	a	DET
arjefm-1175	38	4	g	g	NOUN
arjefm-1175	38	5	e	e	ADP
arjefm-1175	38	6	many	many	ADJ
arjefm-1175	38	7	developing	develop	VERB
arjefm-1175	38	8	countries	country	NOUN
arjefm-1175	38	9	attract	attract	VERB
arjefm-1175	38	10	foreign	foreign	ADJ
arjefm-1175	38	11	investors	investor	NOUN
arjefm-1175	38	12	with	with	ADP
arjefm-1175	38	13	the	the	DET
arjefm-1175	38	14	hope	hope	NOUN
arjefm-1175	38	15	of	of	ADP
arjefm-1175	38	16	strengthening	strengthen	VERB
arjefm-1175	38	17	their	their	PRON
arjefm-1175	38	18	economy	economy	NOUN
arjefm-1175	38	19	by	by	ADP
arjefm-1175	38	20	increasing	increase	VERB
arjefm-1175	38	21	the	the	DET
arjefm-1175	38	22	foreign	foreign	ADJ
arjefm-1175	38	23	investment	investment	NOUN
arjefm-1175	38	24	portfolio	portfolio	NOUN
arjefm-1175	38	25	.	.	PUNCT
arjefm-1175	39	1	however	however	ADV
arjefm-1175	39	2	,	,	PUNCT
arjefm-1175	39	3	most	most	ADV
arjefm-1175	39	4	empirical	empirical	ADJ
arjefm-1175	39	5	analysis	analysis	NOUN
arjefm-1175	39	6	of	of	ADP
arjefm-1175	39	7	the	the	DET
arjefm-1175	39	8	impact	impact	NOUN
arjefm-1175	39	9	of	of	ADP
arjefm-1175	39	10	fdi	fdi	NOUN
arjefm-1175	39	11	on	on	ADP
arjefm-1175	39	12	economic	economic	ADJ
arjefm-1175	39	13	growth	growth	NOUN
arjefm-1175	39	14	advises	advise	VERB
arjefm-1175	39	15	otherwise	otherwise	ADV
arjefm-1175	39	16	,	,	PUNCT
arjefm-1175	39	17	hence	hence	ADV
arjefm-1175	39	18	,	,	PUNCT
arjefm-1175	39	19	a	a	DET
arjefm-1175	39	20	controversy	controversy	NOUN
arjefm-1175	39	21	.	.	PUNCT
arjefm-1175	40	1	according	accord	VERB
arjefm-1175	40	2	to	to	ADP
arjefm-1175	40	3	the	the	DET
arjefm-1175	40	4	existing	exist	VERB
arjefm-1175	40	5	literature	literature	NOUN
arjefm-1175	40	6	,	,	PUNCT
arjefm-1175	40	7	some	some	DET
arjefm-1175	40	8	empirical	empirical	ADJ
arjefm-1175	40	9	results	result	NOUN
arjefm-1175	40	10	found	find	VERB
arjefm-1175	40	11	a	a	DET
arjefm-1175	40	12	negative	negative	ADJ
arjefm-1175	40	13	relationship	relationship	NOUN
arjefm-1175	40	14	between	between	ADP
arjefm-1175	40	15	fdi	fdi	PROPN
arjefm-1175	40	16	and	and	CCONJ
arjefm-1175	40	17	economic	economic	ADJ
arjefm-1175	40	18	growth	growth	NOUN
arjefm-1175	40	19	,	,	PUNCT
arjefm-1175	40	20	while	while	SCONJ
arjefm-1175	40	21	others	other	NOUN
arjefm-1175	40	22	opined	opine	VERB
arjefm-1175	40	23	that	that	SCONJ
arjefm-1175	40	24	as	as	ADP
arjefm-1175	40	25	fdi	fdi	NOUN
arjefm-1175	40	26	increases	increase	NOUN
arjefm-1175	40	27	,	,	PUNCT
arjefm-1175	40	28	it	it	PRON
arjefm-1175	40	29	results	result	VERB
arjefm-1175	40	30	in	in	ADP
arjefm-1175	40	31	a	a	DET
arjefm-1175	40	32	boost	boost	NOUN
arjefm-1175	40	33	of	of	ADP
arjefm-1175	40	34	output	output	NOUN
arjefm-1175	40	35	productivity	productivity	NOUN
arjefm-1175	40	36	,	,	PUNCT
arjefm-1175	40	37	hence	hence	ADV
arjefm-1175	40	38	a	a	DET
arjefm-1175	40	39	positive	positive	ADJ
arjefm-1175	40	40	relationship	relationship	NOUN
arjefm-1175	40	41	between	between	ADP
arjefm-1175	40	42	the	the	DET
arjefm-1175	40	43	variables	variable	NOUN
arjefm-1175	40	44	.	.	PUNCT
arjefm-1175	41	1	therefore	therefore	ADV
arjefm-1175	41	2	,	,	PUNCT
arjefm-1175	41	3	this	this	DET
arjefm-1175	41	4	study	study	NOUN
arjefm-1175	41	5	contributes	contribute	VERB
arjefm-1175	41	6	to	to	ADP
arjefm-1175	41	7	the	the	DET
arjefm-1175	41	8	existing	exist	VERB
arjefm-1175	41	9	literature	literature	NOUN
arjefm-1175	41	10	by	by	ADP
arjefm-1175	41	11	investigating	investigate	VERB
arjefm-1175	41	12	the	the	DET
arjefm-1175	41	13	effects	effect	NOUN
arjefm-1175	41	14	of	of	ADP
arjefm-1175	41	15	fdi	fdi	NOUN
arjefm-1175	41	16	both	both	CCONJ
arjefm-1175	41	17	on	on	ADP
arjefm-1175	41	18	the	the	DET
arjefm-1175	41	19	owner	owner	NOUN
arjefm-1175	41	20	,	,	PUNCT
arjefm-1175	41	21	and	and	CCONJ
arjefm-1175	41	22	the	the	DET
arjefm-1175	41	23	host	host	NOUN
arjefm-1175	41	24	country	country	NOUN
arjefm-1175	41	25	,	,	PUNCT
arjefm-1175	41	26	using	use	VERB
arjefm-1175	41	27	nigeria	nigeria	PRON
arjefm-1175	41	28	as	as	ADP
arjefm-1175	41	29	a	a	DET
arjefm-1175	41	30	case	case	NOUN
arjefm-1175	41	31	study	study	NOUN
arjefm-1175	41	32	.	.	PUNCT
arjefm-1175	42	1	many	many	ADJ
arjefm-1175	42	2	studies	study	NOUN
arjefm-1175	42	3	have	have	AUX
arjefm-1175	42	4	examined	examine	VERB
arjefm-1175	42	5	how	how	SCONJ
arjefm-1175	42	6	fdi	fdi	NOUN
arjefm-1175	42	7	affects	affect	VERB
arjefm-1175	42	8	the	the	DET
arjefm-1175	42	9	growth	growth	NOUN
arjefm-1175	42	10	of	of	ADP
arjefm-1175	42	11	different	different	ADJ
arjefm-1175	42	12	economies	economy	NOUN
arjefm-1175	42	13	,	,	PUNCT
arjefm-1175	42	14	and	and	CCONJ
arjefm-1175	42	15	each	each	DET
arjefm-1175	42	16	one	one	NOUN
arjefm-1175	42	17	has	have	AUX
arjefm-1175	42	18	produced	produce	VERB
arjefm-1175	42	19	a	a	DET
arjefm-1175	42	20	unique	unique	ADJ
arjefm-1175	42	21	set	set	NOUN
arjefm-1175	42	22	of	of	ADP
arjefm-1175	42	23	conclusions	conclusion	NOUN
arjefm-1175	42	24	.	.	PUNCT
arjefm-1175	43	1	de	de	PROPN
arjefm-1175	43	2	mello	mello	PROPN
arjefm-1175	43	3	(	(	PUNCT
arjefm-1175	43	4	1999	1999	NUM
arjefm-1175	43	5	)	)	PUNCT
arjefm-1175	43	6	,	,	PUNCT
arjefm-1175	43	7	for	for	ADP
arjefm-1175	43	8	example	example	NOUN
arjefm-1175	43	9	,	,	PUNCT
arjefm-1175	43	10	found	find	VERB
arjefm-1175	43	11	that	that	SCONJ
arjefm-1175	43	12	an	an	DET
arjefm-1175	43	13	increase	increase	NOUN
arjefm-1175	43	14	in	in	ADP
arjefm-1175	43	15	fdi	fdi	NOUN
arjefm-1175	43	16	increased	increase	VERB
arjefm-1175	43	17	economic	economic	ADJ
arjefm-1175	43	18	growth	growth	NOUN
arjefm-1175	43	19	in	in	ADP
arjefm-1175	43	20	nations	nation	NOUN
arjefm-1175	43	21	that	that	PRON
arjefm-1175	43	22	were	be	AUX
arjefm-1175	43	23	part	part	NOUN
arjefm-1175	43	24	of	of	ADP
arjefm-1175	43	25	the	the	DET
arjefm-1175	43	26	organization	organization	NOUN
arjefm-1175	43	27	for	for	ADP
arjefm-1175	43	28	economic	economic	ADJ
arjefm-1175	43	29	cooperation	cooperation	NOUN
arjefm-1175	43	30	and	and	CCONJ
arjefm-1175	43	31	development	development	NOUN
arjefm-1175	43	32	(	(	PUNCT
arjefm-1175	43	33	oecd	oecd	PROPN
arjefm-1175	43	34	)	)	PUNCT
arjefm-1175	43	35	using	use	VERB
arjefm-1175	43	36	ordinary	ordinary	ADJ
arjefm-1175	43	37	least	least	ADJ
arjefm-1175	43	38	square	square	ADJ
arjefm-1175	43	39	(	(	PUNCT
arjefm-1175	43	40	ols	ol	NOUN
arjefm-1175	43	41	)	)	PUNCT
arjefm-1175	43	42	.	.	PUNCT
arjefm-1175	44	1	similarly	similarly	ADV
arjefm-1175	44	2	,	,	PUNCT
arjefm-1175	44	3	ofori	ofori	ADV
arjefm-1175	44	4	&	&	CCONJ
arjefm-1175	44	5	asongu	asongu	PROPN
arjefm-1175	44	6	(	(	PUNCT
arjefm-1175	44	7	2022	2022	NUM
arjefm-1175	44	8	)	)	PUNCT
arjefm-1175	44	9	found	find	VERB
arjefm-1175	44	10	that	that	SCONJ
arjefm-1175	44	11	fdi	fdi	NOUN
arjefm-1175	44	12	increased	increase	VERB
arjefm-1175	44	13	economic	economic	ADJ
arjefm-1175	44	14	growth	growth	NOUN
arjefm-1175	44	15	in	in	ADP
arjefm-1175	44	16	sub	sub	ADJ
arjefm-1175	44	17	-	-	ADJ
arjefm-1175	44	18	saharan	saharan	ADJ
arjefm-1175	44	19	african	african	ADJ
arjefm-1175	44	20	nations	nation	NOUN
arjefm-1175	44	21	using	use	VERB
arjefm-1175	44	22	the	the	DET
arjefm-1175	44	23	generalized	generalized	ADJ
arjefm-1175	44	24	method	method	NOUN
arjefm-1175	44	25	of	of	ADP
arjefm-1175	44	26	moment	moment	NOUN
arjefm-1175	44	27	(	(	PUNCT
arjefm-1175	44	28	gmm	gmm	NOUN
arjefm-1175	44	29	)	)	PUNCT
arjefm-1175	44	30	.	.	PUNCT
arjefm-1175	45	1	however	however	ADV
arjefm-1175	45	2	,	,	PUNCT
arjefm-1175	45	3	using	use	VERB
arjefm-1175	45	4	ols	ol	NOUN
arjefm-1175	45	5	,	,	PUNCT
arjefm-1175	45	6	wiredu	wiredu	NOUN
arjefm-1175	45	7	et	et	PROPN
arjefm-1175	45	8	al	al	PROPN
arjefm-1175	45	9	.	.	PROPN
arjefm-1175	46	1	(	(	PUNCT
arjefm-1175	46	2	2020	2020	NUM
arjefm-1175	46	3	)	)	PUNCT
arjefm-1175	46	4	discovered	discover	VERB
arjefm-1175	46	5	that	that	SCONJ
arjefm-1175	46	6	fdi	fdi	NOUN
arjefm-1175	46	7	had	have	VERB
arjefm-1175	46	8	a	a	DET
arjefm-1175	46	9	negative	negative	ADJ
arjefm-1175	46	10	impact	impact	NOUN
arjefm-1175	46	11	on	on	ADP
arjefm-1175	46	12	ghana	ghana	PROPN
arjefm-1175	46	13	,	,	PUNCT
arjefm-1175	46	14	nigeria	nigeria	PROPN
arjefm-1175	46	15	,	,	PUNCT
arjefm-1175	46	16	senegal	senegal	NOUN
arjefm-1175	46	17	,	,	PUNCT
arjefm-1175	46	18	and	and	CCONJ
arjefm-1175	46	19	cote	cote	PROPN
arjefm-1175	46	20	d'ivoire	d'ivoire	PROPN
arjefm-1175	46	21	.	.	PUNCT
arjefm-1175	47	1	some	some	DET
arjefm-1175	47	2	research	research	NOUN
arjefm-1175	47	3	has	have	AUX
arjefm-1175	47	4	addressed	address	VERB
arjefm-1175	47	5	how	how	SCONJ
arjefm-1175	47	6	fdi	fdi	NOUN
arjefm-1175	47	7	affects	affect	VERB
arjefm-1175	47	8	a	a	DET
arjefm-1175	47	9	wide	wide	ADJ
arjefm-1175	47	10	range	range	NOUN
arjefm-1175	47	11	of	of	ADP
arjefm-1175	47	12	economic	economic	ADJ
arjefm-1175	47	13	sectors	sector	NOUN
arjefm-1175	47	14	,	,	PUNCT
arjefm-1175	47	15	such	such	ADJ
arjefm-1175	47	16	as	as	ADP
arjefm-1175	47	17	gdp	gdp	PROPN
arjefm-1175	47	18	,	,	PUNCT
arjefm-1175	47	19	employment	employment	NOUN
arjefm-1175	47	20	,	,	PUNCT
arjefm-1175	47	21	trade	trade	NOUN
arjefm-1175	47	22	,	,	PUNCT
arjefm-1175	47	23	education	education	NOUN
arjefm-1175	47	24	,	,	PUNCT
arjefm-1175	47	25	technology	technology	NOUN
arjefm-1175	47	26	,	,	PUNCT
arjefm-1175	47	27	and	and	CCONJ
arjefm-1175	47	28	so	so	ADV
arjefm-1175	47	29	on	on	ADV
arjefm-1175	47	30	.	.	PUNCT
arjefm-1175	48	1	this	this	DET
arjefm-1175	48	2	research	research	NOUN
arjefm-1175	48	3	is	be	AUX
arjefm-1175	48	4	significant	significant	ADJ
arjefm-1175	48	5	as	as	SCONJ
arjefm-1175	48	6	it	it	PRON
arjefm-1175	48	7	aims	aim	VERB
arjefm-1175	48	8	to	to	PART
arjefm-1175	48	9	enhance	enhance	VERB
arjefm-1175	48	10	nigeria	nigeria	PROPN
arjefm-1175	48	11	's	's	PART
arjefm-1175	48	12	economic	economic	ADJ
arjefm-1175	48	13	growth	growth	NOUN
arjefm-1175	48	14	by	by	ADP
arjefm-1175	48	15	investigating	investigate	VERB
arjefm-1175	48	16	the	the	DET
arjefm-1175	48	17	crucial	crucial	ADJ
arjefm-1175	48	18	roles	role	NOUN
arjefm-1175	48	19	of	of	ADP
arjefm-1175	48	20	fdi	fdi	ADJ
arjefm-1175	48	21	and	and	CCONJ
arjefm-1175	48	22	foreign	foreign	ADJ
arjefm-1175	48	23	exchange	exchange	NOUN
arjefm-1175	48	24	rate	rate	NOUN
arjefm-1175	48	25	.	.	PUNCT
arjefm-1175	49	1	the	the	DET
arjefm-1175	49	2	findings	finding	NOUN
arjefm-1175	49	3	will	will	AUX
arjefm-1175	49	4	guide	guide	VERB
arjefm-1175	49	5	policymakers	policymaker	NOUN
arjefm-1175	49	6	in	in	ADP
arjefm-1175	49	7	formulating	formulate	VERB
arjefm-1175	49	8	strategies	strategy	NOUN
arjefm-1175	49	9	to	to	PART
arjefm-1175	49	10	attract	attract	VERB
arjefm-1175	49	11	fdi	fdi	NOUN
arjefm-1175	49	12	,	,	PUNCT
arjefm-1175	49	13	optimize	optimize	VERB
arjefm-1175	49	14	foreign	foreign	ADJ
arjefm-1175	49	15	exchange	exchange	NOUN
arjefm-1175	49	16	utilization	utilization	NOUN
arjefm-1175	49	17	,	,	PUNCT
arjefm-1175	49	18	and	and	CCONJ
arjefm-1175	49	19	allocate	allocate	VERB
arjefm-1175	49	20	resources	resource	NOUN
arjefm-1175	49	21	effectively	effectively	ADV
arjefm-1175	49	22	.	.	PUNCT
arjefm-1175	50	1	recognizing	recognize	VERB
arjefm-1175	50	2	the	the	DET
arjefm-1175	50	3	dynamic	dynamic	ADJ
arjefm-1175	50	4	and	and	CCONJ
arjefm-1175	50	5	evolving	evolve	VERB
arjefm-1175	50	6	nature	nature	NOUN
arjefm-1175	50	7	of	of	ADP
arjefm-1175	50	8	the	the	DET
arjefm-1175	50	9	relationship	relationship	NOUN
arjefm-1175	50	10	between	between	ADP
arjefm-1175	50	11	fdi	fdi	PROPN
arjefm-1175	50	12	,	,	PUNCT
arjefm-1175	50	13	foreign	foreign	ADJ
arjefm-1175	50	14	exchange	exchange	NOUN
arjefm-1175	50	15	rate	rate	NOUN
arjefm-1175	50	16	and	and	CCONJ
arjefm-1175	50	17	economic	economic	ADJ
arjefm-1175	50	18	growth	growth	NOUN
arjefm-1175	50	19	,	,	PUNCT
arjefm-1175	50	20	this	this	DET
arjefm-1175	50	21	study	study	NOUN
arjefm-1175	50	22	addresses	address	VERB
arjefm-1175	50	23	the	the	DET
arjefm-1175	50	24	research	research	NOUN
arjefm-1175	50	25	gap	gap	NOUN
arjefm-1175	50	26	by	by	ADP
arjefm-1175	50	27	continuously	continuously	ADV
arjefm-1175	50	28	re	re	VERB
arjefm-1175	50	29	-	-	VERB
arjefm-1175	50	30	evaluating	evaluate	VERB
arjefm-1175	50	31	the	the	DET
arjefm-1175	50	32	impact	impact	NOUN
arjefm-1175	50	33	in	in	ADP
arjefm-1175	50	34	the	the	DET
arjefm-1175	50	35	nigerian	nigerian	ADJ
arjefm-1175	50	36	context	context	NOUN
arjefm-1175	50	37	,	,	PUNCT
arjefm-1175	50	38	considering	consider	VERB
arjefm-1175	50	39	changes	change	NOUN
arjefm-1175	50	40	in	in	ADP
arjefm-1175	50	41	economic	economic	ADJ
arjefm-1175	50	42	policies	policy	NOUN
arjefm-1175	50	43	,	,	PUNCT
arjefm-1175	50	44	global	global	ADJ
arjefm-1175	50	45	conditions	condition	NOUN
arjefm-1175	50	46	,	,	PUNCT
arjefm-1175	50	47	and	and	CCONJ
arjefm-1175	50	48	technological	technological	ADJ
arjefm-1175	50	49	advancements	advancement	NOUN
arjefm-1175	50	50	.	.	PUNCT
arjefm-1175	51	1	methodologically	methodologically	ADV
arjefm-1175	51	2	,	,	PUNCT
arjefm-1175	51	3	the	the	DET
arjefm-1175	51	4	research	research	NOUN
arjefm-1175	51	5	will	will	AUX
arjefm-1175	51	6	employ	employ	VERB
arjefm-1175	51	7	time	time	NOUN
arjefm-1175	51	8	series	series	NOUN
arjefm-1175	51	9	analysis	analysis	NOUN
arjefm-1175	51	10	to	to	PART
arjefm-1175	51	11	understand	understand	VERB
arjefm-1175	51	12	long	long	ADJ
arjefm-1175	51	13	-	-	PUNCT
arjefm-1175	51	14	term	term	NOUN
arjefm-1175	51	15	trends	trend	NOUN
arjefm-1175	51	16	and	and	CCONJ
arjefm-1175	51	17	patterns	pattern	NOUN
arjefm-1175	51	18	,	,	PUNCT
arjefm-1175	51	19	while	while	SCONJ
arjefm-1175	51	20	econometric	econometric	ADJ
arjefm-1175	51	21	models	model	NOUN
arjefm-1175	51	22	will	will	AUX
arjefm-1175	51	23	be	be	AUX
arjefm-1175	51	24	utilized	utilize	VERB
arjefm-1175	51	25	to	to	PART
arjefm-1175	51	26	isolate	isolate	VERB
arjefm-1175	51	27	the	the	DET
arjefm-1175	51	28	specific	specific	ADJ
arjefm-1175	51	29	impact	impact	NOUN
arjefm-1175	51	30	of	of	ADP
arjefm-1175	51	31	fdi	fdi	NOUN
arjefm-1175	51	32	on	on	ADP
arjefm-1175	51	33	economic	economic	ADJ
arjefm-1175	51	34	growth	growth	NOUN
arjefm-1175	51	35	.	.	PUNCT
arjefm-1175	52	1	fdi	fdi	NOUN
arjefm-1175	52	2	was	be	AUX
arjefm-1175	52	3	the	the	DET
arjefm-1175	52	4	primary	primary	ADJ
arjefm-1175	52	5	independent	independent	ADJ
arjefm-1175	52	6	variable	variable	NOUN
arjefm-1175	52	7	,	,	PUNCT
arjefm-1175	52	8	along	along	ADP
arjefm-1175	52	9	with	with	ADP
arjefm-1175	52	10	the	the	DET
arjefm-1175	52	11	foreign	foreign	ADJ
arjefm-1175	52	12	exchange	exchange	NOUN
arjefm-1175	52	13	rate	rate	NOUN
arjefm-1175	52	14	(	(	PUNCT
arjefm-1175	52	15	fxr	fxr	NOUN
arjefm-1175	52	16	)	)	PUNCT
arjefm-1175	52	17	,	,	PUNCT
arjefm-1175	52	18	inflation	inflation	NOUN
arjefm-1175	52	19	rate	rate	NOUN
arjefm-1175	52	20	(	(	PUNCT
arjefm-1175	52	21	ifr	ifr	PROPN
arjefm-1175	52	22	)	)	PUNCT
arjefm-1175	52	23	,	,	PUNCT
arjefm-1175	52	24	and	and	CCONJ
arjefm-1175	52	25	trade	trade	NOUN
arjefm-1175	52	26	openness	openness	NOUN
arjefm-1175	52	27	(	(	PUNCT
arjefm-1175	52	28	top	top	NOUN
arjefm-1175	52	29	)	)	PUNCT
arjefm-1175	52	30	as	as	ADP
arjefm-1175	52	31	control	control	NOUN
arjefm-1175	52	32	factors	factor	NOUN
arjefm-1175	52	33	.	.	PUNCT
arjefm-1175	53	1	the	the	DET
arjefm-1175	53	2	dependent	dependent	ADJ
arjefm-1175	53	3	variable	variable	NOUN
arjefm-1175	53	4	was	be	AUX
arjefm-1175	53	5	the	the	DET
arjefm-1175	53	6	gdp	gdp	NOUN
arjefm-1175	53	7	growth	growth	NOUN
arjefm-1175	53	8	rate	rate	NOUN
arjefm-1175	53	9	(	(	PUNCT
arjefm-1175	53	10	gdpgr	gdpgr	PROPN
arjefm-1175	53	11	)	)	PUNCT
arjefm-1175	53	12	.	.	PUNCT
arjefm-1175	54	1	the	the	DET
arjefm-1175	54	2	world	world	NOUN
arjefm-1175	54	3	bank	bank	NOUN
arjefm-1175	54	4	indicators	indicator	NOUN
arjefm-1175	54	5	for	for	ADP
arjefm-1175	54	6	years	year	NOUN
arjefm-1175	54	7	1999	1999	NUM
arjefm-1175	54	8	–	–	PUNCT
arjefm-1175	54	9	2022	2022	NUM
arjefm-1175	54	10	was	be	AUX
arjefm-1175	54	11	used	use	VERB
arjefm-1175	54	12	to	to	PART
arjefm-1175	54	13	create	create	VERB
arjefm-1175	54	14	annualized	annualize	VERB
arjefm-1175	54	15	time	time	NOUN
arjefm-1175	54	16	series	series	PROPN
arjefm-1175	54	17	data	datum	NOUN
arjefm-1175	54	18	that	that	PRON
arjefm-1175	54	19	extended	extend	VERB
arjefm-1175	54	20	up	up	ADP
arjefm-1175	54	21	to	to	PART
arjefm-1175	54	22	24	24	NUM
arjefm-1175	54	23	years	year	NOUN
arjefm-1175	54	24	in	in	ADP
arjefm-1175	54	25	order	order	NOUN
arjefm-1175	54	26	to	to	PART
arjefm-1175	54	27	adequately	adequately	ADV
arjefm-1175	54	28	examine	examine	VERB
arjefm-1175	54	29	the	the	DET
arjefm-1175	54	30	variables	variable	NOUN
arjefm-1175	54	31	and	and	CCONJ
arjefm-1175	54	32	address	address	VERB
arjefm-1175	54	33	the	the	DET
arjefm-1175	54	34	time	time	NOUN
arjefm-1175	54	35	scope	scope	NOUN
arjefm-1175	54	36	.	.	PUNCT
arjefm-1175	55	1	as	as	SCONJ
arjefm-1175	55	2	the	the	DET
arjefm-1175	55	3	largest	large	ADJ
arjefm-1175	55	4	economy	economy	NOUN
arjefm-1175	55	5	in	in	ADP
arjefm-1175	55	6	sub	sub	ADJ
arjefm-1175	55	7	-	-	ADJ
arjefm-1175	55	8	saharan	saharan	ADJ
arjefm-1175	55	9	africa	africa	PROPN
arjefm-1175	55	10	,	,	PUNCT
arjefm-1175	55	11	nigeria	nigeria	PROPN
arjefm-1175	55	12	's	's	PART
arjefm-1175	55	13	return	return	NOUN
arjefm-1175	55	14	to	to	ADP
arjefm-1175	55	15	civil	civil	ADJ
arjefm-1175	55	16	administration	administration	NOUN
arjefm-1175	55	17	in	in	ADP
arjefm-1175	55	18	1999	1999	NUM
arjefm-1175	55	19	marked	mark	VERB
arjefm-1175	55	20	the	the	DET
arjefm-1175	55	21	beginning	beginning	NOUN
arjefm-1175	55	22	of	of	ADP
arjefm-1175	55	23	stronger	strong	ADJ
arjefm-1175	55	24	trade	trade	NOUN
arjefm-1175	55	25	ties	tie	NOUN
arjefm-1175	55	26	with	with	ADP
arjefm-1175	55	27	the	the	DET
arjefm-1175	55	28	global	global	ADJ
arjefm-1175	55	29	economy	economy	NOUN
arjefm-1175	55	30	.	.	PUNCT
arjefm-1175	56	1	the	the	DET
arjefm-1175	56	2	lack	lack	NOUN
arjefm-1175	56	3	of	of	ADP
arjefm-1175	56	4	necessary	necessary	ADJ
arjefm-1175	56	5	secondary	secondary	ADJ
arjefm-1175	56	6	data	datum	NOUN
arjefm-1175	56	7	related	relate	VERB
arjefm-1175	56	8	to	to	ADP
arjefm-1175	56	9	our	our	PRON
arjefm-1175	56	10	study	study	NOUN
arjefm-1175	56	11	aims	aim	VERB
arjefm-1175	56	12	till	till	SCONJ
arjefm-1175	56	13	2023	2023	NUM
arjefm-1175	56	14	limited	limit	VERB
arjefm-1175	56	15	this	this	DET
arjefm-1175	56	16	investigation	investigation	NOUN
arjefm-1175	56	17	inside	inside	ADP
arjefm-1175	56	18	its	its	PRON
arjefm-1175	56	19	bounds	bound	NOUN
arjefm-1175	56	20	.	.	PUNCT
arjefm-1175	57	1	it	it	PRON
arjefm-1175	57	2	must	must	AUX
arjefm-1175	57	3	be	be	AUX
arjefm-1175	57	4	acknowledged	acknowledge	VERB
arjefm-1175	57	5	that	that	SCONJ
arjefm-1175	57	6	the	the	DET
arjefm-1175	57	7	data	datum	NOUN
arjefm-1175	57	8	,	,	PUNCT
arjefm-1175	57	9	which	which	PRON
arjefm-1175	57	10	came	come	VERB
arjefm-1175	57	11	primarily	primarily	ADV
arjefm-1175	57	12	from	from	ADP
arjefm-1175	57	13	the	the	DET
arjefm-1175	57	14	world	world	NOUN
arjefm-1175	57	15	developmental	developmental	ADJ
arjefm-1175	57	16	indicators	indicator	NOUN
arjefm-1175	57	17	(	(	PUNCT
arjefm-1175	57	18	wdi	wdi	PROPN
arjefm-1175	57	19	)	)	PUNCT
arjefm-1175	57	20	for	for	ADP
arjefm-1175	57	21	24	24	NUM
arjefm-1175	57	22	years	year	NOUN
arjefm-1175	57	23	(	(	PUNCT
arjefm-1175	57	24	1999–2022	1999–2022	NUM
arjefm-1175	57	25	)	)	PUNCT
arjefm-1175	57	26	may	may	AUX
arjefm-1175	57	27	contain	contain	VERB
arjefm-1175	57	28	measurement	measurement	NOUN
arjefm-1175	57	29	flaws	flaw	NOUN
arjefm-1175	57	30	that	that	PRON
arjefm-1175	57	31	could	could	AUX
arjefm-1175	57	32	jeopardize	jeopardize	VERB
arjefm-1175	57	33	the	the	DET
arjefm-1175	57	34	accuracy	accuracy	NOUN
arjefm-1175	57	35	or	or	CCONJ
arjefm-1175	57	36	acceptability	acceptability	NOUN
arjefm-1175	57	37	of	of	ADP
arjefm-1175	57	38	our	our	PRON
arjefm-1175	57	39	study	study	NOUN
arjefm-1175	57	40	's	's	PART
arjefm-1175	57	41	findings	finding	NOUN
arjefm-1175	57	42	.	.	PUNCT
arjefm-1175	58	1	furthermore	furthermore	ADV
arjefm-1175	58	2	,	,	PUNCT
arjefm-1175	58	3	this	this	DET
arjefm-1175	58	4	study	study	NOUN
arjefm-1175	58	5	only	only	ADV
arjefm-1175	58	6	focused	focus	VERB
arjefm-1175	58	7	on	on	ADP
arjefm-1175	58	8	nigeria	nigeria	PROPN
arjefm-1175	58	9	;	;	PUNCT
arjefm-1175	58	10	in	in	ADP
arjefm-1175	58	11	order	order	NOUN
arjefm-1175	58	12	to	to	PART
arjefm-1175	58	13	produce	produce	VERB
arjefm-1175	58	14	more	more	ADJ
arjefm-1175	58	15	thorough	thorough	ADJ
arjefm-1175	58	16	research	research	NOUN
arjefm-1175	58	17	findings	finding	NOUN
arjefm-1175	58	18	,	,	PUNCT
arjefm-1175	58	19	future	future	ADJ
arjefm-1175	58	20	researchers	researcher	NOUN
arjefm-1175	58	21	may	may	AUX
arjefm-1175	58	22	include	include	VERB
arjefm-1175	58	23	other	other	ADJ
arjefm-1175	58	24	nations	nation	NOUN
arjefm-1175	58	25	in	in	ADP
arjefm-1175	58	26	their	their	PRON
arjefm-1175	58	27	studies	study	NOUN
arjefm-1175	58	28	for	for	ADP
arjefm-1175	58	29	comparison	comparison	NOUN
arjefm-1175	58	30	analysis	analysis	NOUN
arjefm-1175	58	31	.	.	PUNCT
arjefm-1175	59	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1175	59	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	60	1	american	american	PROPN
arjefm-1175	60	2	research	research	PROPN
arjefm-1175	60	3	journal	journal	PROPN
arjefm-1175	60	4	of	of	ADP
arjefm-1175	60	5	economics	economic	NOUN
arjefm-1175	60	6	,	,	PUNCT
arjefm-1175	60	7	finance	finance	NOUN
arjefm-1175	60	8	and	and	CCONJ
arjefm-1175	60	9	management	management	NOUN
arjefm-1175	60	10	volume	volume	NOUN
arjefm-1175	60	11	13	13	NUM
arjefm-1175	60	12	issue	issue	NOUN
arjefm-1175	60	13	1	1	NUM
arjefm-1175	60	14	,	,	PUNCT
arjefm-1175	60	15	january	january	PROPN
arjefm-1175	60	16	-	-	PUNCT
arjefm-1175	60	17	march	march	PROPN
arjefm-1175	60	18	2025	2025	NUM
arjefm-1175	60	19	issn	issn	NOUN
arjefm-1175	60	20	:	:	PUNCT
arjefm-1175	60	21	2836	2836	NUM
arjefm-1175	60	22	-	-	SYM
arjefm-1175	60	23	9416	9416	NUM
arjefm-1175	60	24	impact	impact	NOUN
arjefm-1175	60	25	factor	factor	NOUN
arjefm-1175	60	26	:	:	PUNCT
arjefm-1175	60	27	6.41	6.41	NUM
arjefm-1175	60	28	journal	journal	NOUN
arjefm-1175	60	29	homepage	homepage	NOUN
arjefm-1175	60	30	:	:	PUNCT
arjefm-1175	60	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	60	32	,	,	PUNCT
arjefm-1175	60	33	email	email	NOUN
arjefm-1175	60	34	:	:	PUNCT
arjefm-1175	61	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	61	2	official	official	ADJ
arjefm-1175	61	3	journal	journal	PROPN
arjefm-1175	61	4	of	of	ADP
arjefm-1175	61	5	america	america	PROPN
arjefm-1175	61	6	serial	serial	PROPN
arjefm-1175	61	7	publication	publication	NOUN
arjefm-1175	61	8	american	american	PROPN
arjefm-1175	61	9	research	research	PROPN
arjefm-1175	61	10	journal	journal	PROPN
arjefm-1175	61	11	of	of	ADP
arjefm-1175	61	12	economics	economic	NOUN
arjefm-1175	61	13	,	,	PUNCT
arjefm-1175	61	14	finance	finance	NOUN
arjefm-1175	61	15	and	and	CCONJ
arjefm-1175	61	16	management	management	NOUN
arjefm-1175	61	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	61	18	,	,	PUNCT
arjefm-1175	61	19	email	email	NOUN
arjefm-1175	61	20	:	:	PUNCT
arjefm-1175	61	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	61	22	178	178	NUM
arjefm-1175	62	1	|	|	ADV
arjefm-1175	62	2	p	p	X
arjefm-1175	62	3	a	a	DET
arjefm-1175	62	4	g	g	NOUN
arjefm-1175	62	5	e	e	NOUN
arjefm-1175	62	6	2	2	NUM
arjefm-1175	62	7	.	.	PUNCT
arjefm-1175	62	8	review	review	NOUN
arjefm-1175	62	9	of	of	ADP
arjefm-1175	62	10	related	relate	VERB
arjefm-1175	62	11	literature	literature	NOUN
arjefm-1175	62	12	unctad	unctad	PROPN
arjefm-1175	62	13	(	(	PUNCT
arjefm-1175	62	14	2016	2016	NUM
arjefm-1175	62	15	)	)	PUNCT
arjefm-1175	62	16	defines	define	VERB
arjefm-1175	62	17	fdi	fdi	NOUN
arjefm-1175	62	18	as	as	ADP
arjefm-1175	62	19	an	an	DET
arjefm-1175	62	20	investment	investment	NOUN
arjefm-1175	62	21	by	by	ADP
arjefm-1175	62	22	entity	entity	NOUN
arjefm-1175	62	23	which	which	PRON
arjefm-1175	62	24	belongs	belong	VERB
arjefm-1175	62	25	to	to	ADP
arjefm-1175	62	26	one	one	NUM
arjefm-1175	62	27	country	country	NOUN
arjefm-1175	62	28	,	,	PUNCT
arjefm-1175	62	29	which	which	PRON
arjefm-1175	62	30	aim	aim	VERB
arjefm-1175	62	31	to	to	PART
arjefm-1175	62	32	undertake	undertake	VERB
arjefm-1175	62	33	business	business	NOUN
arjefm-1175	62	34	investment	investment	NOUN
arjefm-1175	62	35	in	in	ADP
arjefm-1175	62	36	another	another	DET
arjefm-1175	62	37	country	country	NOUN
arjefm-1175	62	38	for	for	ADP
arjefm-1175	62	39	more	more	ADJ
arjefm-1175	62	40	than	than	ADP
arjefm-1175	62	41	a	a	PRON
arjefm-1175	62	42	year	year	NOUN
arjefm-1175	62	43	.	.	PUNCT
arjefm-1175	63	1	fdi	fdi	NOUN
arjefm-1175	63	2	is	be	AUX
arjefm-1175	63	3	a	a	DET
arjefm-1175	63	4	crucial	crucial	ADJ
arjefm-1175	63	5	mechanism	mechanism	NOUN
arjefm-1175	63	6	to	to	PART
arjefm-1175	63	7	foster	foster	VERB
arjefm-1175	63	8	economic	economic	ADJ
arjefm-1175	63	9	development	development	NOUN
arjefm-1175	63	10	of	of	ADP
arjefm-1175	63	11	the	the	DET
arjefm-1175	63	12	growing	grow	VERB
arjefm-1175	63	13	economies	economy	NOUN
arjefm-1175	63	14	as	as	SCONJ
arjefm-1175	63	15	it	it	PRON
arjefm-1175	63	16	boosts	boost	VERB
arjefm-1175	63	17	exports	export	NOUN
arjefm-1175	63	18	and	and	CCONJ
arjefm-1175	63	19	trade	trade	NOUN
arjefm-1175	63	20	balance	balance	NOUN
arjefm-1175	63	21	(	(	PUNCT
arjefm-1175	63	22	hailu	hailu	NOUN
arjefm-1175	63	23	,	,	PUNCT
arjefm-1175	63	24	2010	2010	NUM
arjefm-1175	63	25	)	)	PUNCT
arjefm-1175	63	26	.	.	PUNCT
arjefm-1175	64	1	most	most	ADJ
arjefm-1175	64	2	empirical	empirical	ADJ
arjefm-1175	64	3	literature	literature	NOUN
arjefm-1175	64	4	reports	report	VERB
arjefm-1175	64	5	that	that	SCONJ
arjefm-1175	64	6	fdi	fdi	NOUN
arjefm-1175	64	7	is	be	AUX
arjefm-1175	64	8	an	an	DET
arjefm-1175	64	9	important	important	ADJ
arjefm-1175	64	10	source	source	NOUN
arjefm-1175	64	11	of	of	ADP
arjefm-1175	64	12	capital	capital	NOUN
arjefm-1175	64	13	that	that	PRON
arjefm-1175	64	14	complements	complement	VERB
arjefm-1175	64	15	domestic	domestic	ADJ
arjefm-1175	64	16	private	private	ADJ
arjefm-1175	64	17	investment	investment	NOUN
arjefm-1175	64	18	,	,	PUNCT
arjefm-1175	64	19	generates	generate	VERB
arjefm-1175	64	20	new	new	ADJ
arjefm-1175	64	21	employment	employment	NOUN
arjefm-1175	64	22	opportunities	opportunity	NOUN
arjefm-1175	64	23	and	and	CCONJ
arjefm-1175	64	24	stimulates	stimulate	VERB
arjefm-1175	64	25	technology	technology	NOUN
arjefm-1175	64	26	transfer	transfer	NOUN
arjefm-1175	64	27	and	and	CCONJ
arjefm-1175	64	28	spillovers	spillover	NOUN
arjefm-1175	64	29	(	(	PUNCT
arjefm-1175	64	30	naftaly	naftaly	NOUN
arjefm-1175	64	31	,	,	PUNCT
arjefm-1175	64	32	2024	2024	NUM
arjefm-1175	64	33	)	)	PUNCT
arjefm-1175	64	34	.	.	PUNCT
arjefm-1175	65	1	typology	typology	NOUN
arjefm-1175	65	2	of	of	ADP
arjefm-1175	65	3	fdi	fdi	NOUN
arjefm-1175	65	4	fdi	fdi	NOUN
arjefm-1175	65	5	is	be	AUX
arjefm-1175	65	6	divided	divide	VERB
arjefm-1175	65	7	in	in	ADP
arjefm-1175	65	8	two	two	NUM
arjefm-1175	65	9	categories	category	NOUN
arjefm-1175	65	10	:	:	PUNCT
arjefm-1175	65	11	horizontal	horizontal	ADJ
arjefm-1175	65	12	and	and	CCONJ
arjefm-1175	65	13	vertical	vertical	ADJ
arjefm-1175	65	14	.	.	PUNCT
arjefm-1175	66	1	horizontal	horizontal	PROPN
arjefm-1175	66	2	fdi	fdi	PROPN
arjefm-1175	66	3	allows	allow	VERB
arjefm-1175	66	4	multinational	multinational	ADJ
arjefm-1175	66	5	companies	company	NOUN
arjefm-1175	66	6	(	(	PUNCT
arjefm-1175	66	7	mncs	mncs	PROPN
arjefm-1175	66	8	)	)	PUNCT
arjefm-1175	66	9	like	like	ADP
arjefm-1175	66	10	coca	coca	PROPN
arjefm-1175	66	11	-	-	PUNCT
arjefm-1175	66	12	cola	cola	PROPN
arjefm-1175	66	13	,	,	PUNCT
arjefm-1175	66	14	toyota	toyota	PROPN
arjefm-1175	66	15	,	,	PUNCT
arjefm-1175	66	16	microsoft	microsoft	PROPN
arjefm-1175	66	17	,	,	PUNCT
arjefm-1175	66	18	to	to	PART
arjefm-1175	66	19	expand	expand	VERB
arjefm-1175	66	20	their	their	PRON
arjefm-1175	66	21	production	production	NOUN
arjefm-1175	66	22	abroad	abroad	ADV
arjefm-1175	66	23	such	such	ADJ
arjefm-1175	66	24	that	that	SCONJ
arjefm-1175	66	25	producing	produce	VERB
arjefm-1175	66	26	equivalent	equivalent	ADJ
arjefm-1175	66	27	products	product	NOUN
arjefm-1175	66	28	to	to	ADP
arjefm-1175	66	29	domestically	domestically	ADV
arjefm-1175	66	30	available	available	ADJ
arjefm-1175	66	31	ones	one	NOUN
arjefm-1175	66	32	in	in	ADP
arjefm-1175	66	33	the	the	DET
arjefm-1175	66	34	fdi	fdi	NOUN
arjefm-1175	66	35	receiving	receive	VERB
arjefm-1175	66	36	country	country	NOUN
arjefm-1175	66	37	.	.	PUNCT
arjefm-1175	67	1	lim	lim	PROPN
arjefm-1175	67	2	(	(	PUNCT
arjefm-1175	67	3	2001	2001	NUM
arjefm-1175	67	4	)	)	PUNCT
arjefm-1175	67	5	highlights	highlight	NOUN
arjefm-1175	67	6	that	that	PRON
arjefm-1175	67	7	horizontal	horizontal	ADJ
arjefm-1175	67	8	fdi	fdi	PROPN
arjefm-1175	67	9	seeks	seek	VERB
arjefm-1175	67	10	to	to	PART
arjefm-1175	67	11	penetrate	penetrate	VERB
arjefm-1175	67	12	a	a	DET
arjefm-1175	67	13	new	new	ADJ
arjefm-1175	67	14	market	market	NOUN
arjefm-1175	67	15	;	;	PUNCT
arjefm-1175	67	16	however	however	ADV
arjefm-1175	67	17	,	,	PUNCT
arjefm-1175	67	18	it	it	PRON
arjefm-1175	67	19	may	may	AUX
arjefm-1175	67	20	be	be	AUX
arjefm-1175	67	21	affected	affect	VERB
arjefm-1175	67	22	by	by	ADP
arjefm-1175	67	23	various	various	ADJ
arjefm-1175	67	24	factors	factor	NOUN
arjefm-1175	67	25	,	,	PUNCT
arjefm-1175	67	26	including	include	VERB
arjefm-1175	67	27	openness	openness	NOUN
arjefm-1175	67	28	to	to	PART
arjefm-1175	67	29	trade	trade	NOUN
arjefm-1175	67	30	and	and	CCONJ
arjefm-1175	67	31	gdp	gdp	NOUN
arjefm-1175	67	32	growth	growth	NOUN
arjefm-1175	67	33	rate	rate	NOUN
arjefm-1175	67	34	.	.	PUNCT
arjefm-1175	68	1	horizontal	horizontal	ADJ
arjefm-1175	68	2	fdi	fdi	PROPN
arjefm-1175	68	3	takes	take	VERB
arjefm-1175	68	4	a	a	DET
arjefm-1175	68	5	large	large	ADJ
arjefm-1175	68	6	part	part	NOUN
arjefm-1175	68	7	in	in	ADP
arjefm-1175	68	8	global	global	ADJ
arjefm-1175	68	9	fdi	fdi	PROPN
arjefm-1175	68	10	(	(	PUNCT
arjefm-1175	68	11	campos	campos	PROPN
arjefm-1175	68	12	&	&	CCONJ
arjefm-1175	68	13	kinoshita	kinoshita	PROPN
arjefm-1175	68	14	,	,	PUNCT
arjefm-1175	68	15	2003	2003	NUM
arjefm-1175	68	16	)	)	PUNCT
arjefm-1175	68	17	.	.	PUNCT
arjefm-1175	69	1	in	in	ADP
arjefm-1175	69	2	vertical	vertical	PROPN
arjefm-1175	69	3	fdi	fdi	PROPN
arjefm-1175	69	4	,	,	PUNCT
arjefm-1175	69	5	mncs	mncs	PROPN
arjefm-1175	69	6	take	take	VERB
arjefm-1175	69	7	advantages	advantage	NOUN
arjefm-1175	69	8	of	of	ADP
arjefm-1175	69	9	geographical	geographical	ADJ
arjefm-1175	69	10	position	position	NOUN
arjefm-1175	69	11	and	and	CCONJ
arjefm-1175	69	12	low	low	ADJ
arjefm-1175	69	13	costs	cost	NOUN
arjefm-1175	69	14	to	to	PART
arjefm-1175	69	15	launch	launch	VERB
arjefm-1175	69	16	production	production	NOUN
arjefm-1175	69	17	process	process	NOUN
arjefm-1175	69	18	in	in	ADP
arjefm-1175	69	19	receiving	receive	VERB
arjefm-1175	69	20	state	state	NOUN
arjefm-1175	69	21	and	and	CCONJ
arjefm-1175	69	22	to	to	PART
arjefm-1175	69	23	produce	produce	VERB
arjefm-1175	69	24	for	for	ADP
arjefm-1175	69	25	both	both	CCONJ
arjefm-1175	69	26	the	the	DET
arjefm-1175	69	27	domestic	domestic	ADJ
arjefm-1175	69	28	and	and	CCONJ
arjefm-1175	69	29	international	international	ADJ
arjefm-1175	69	30	markets	market	NOUN
arjefm-1175	69	31	.	.	PUNCT
arjefm-1175	70	1	vertical	vertical	ADJ
arjefm-1175	70	2	fdi	fdi	PROPN
arjefm-1175	70	3	is	be	AUX
arjefm-1175	70	4	sometimes	sometimes	ADV
arjefm-1175	70	5	mentioned	mention	VERB
arjefm-1175	70	6	as	as	ADP
arjefm-1175	70	7	the	the	DET
arjefm-1175	70	8	resource	resource	NOUN
arjefm-1175	70	9	seeking	seek	VERB
arjefm-1175	70	10	fdi	fdi	NOUN
arjefm-1175	70	11	as	as	SCONJ
arjefm-1175	70	12	investors	investor	NOUN
arjefm-1175	70	13	tend	tend	VERB
arjefm-1175	70	14	to	to	PART
arjefm-1175	70	15	seek	seek	VERB
arjefm-1175	70	16	the	the	DET
arjefm-1175	70	17	low	low	ADJ
arjefm-1175	70	18	cost	cost	NOUN
arjefm-1175	70	19	and	and	CCONJ
arjefm-1175	70	20	efficient	efficient	ADJ
arjefm-1175	70	21	resources	resource	NOUN
arjefm-1175	70	22	in	in	ADP
arjefm-1175	70	23	the	the	DET
arjefm-1175	70	24	foreign	foreign	ADJ
arjefm-1175	70	25	country	country	NOUN
arjefm-1175	70	26	compared	compare	VERB
arjefm-1175	70	27	to	to	ADP
arjefm-1175	70	28	the	the	DET
arjefm-1175	70	29	home	home	NOUN
arjefm-1175	70	30	country	country	NOUN
arjefm-1175	70	31	(	(	PUNCT
arjefm-1175	70	32	campos	campos	PROPN
arjefm-1175	70	33	&	&	CCONJ
arjefm-1175	70	34	kinoshita	kinoshita	PROPN
arjefm-1175	70	35	,	,	PUNCT
arjefm-1175	70	36	2003	2003	NUM
arjefm-1175	70	37	)	)	PUNCT
arjefm-1175	70	38	.	.	PUNCT
arjefm-1175	71	1	in	in	ADP
arjefm-1175	71	2	the	the	DET
arjefm-1175	71	3	realm	realm	NOUN
arjefm-1175	71	4	of	of	ADP
arjefm-1175	71	5	fdi	fdi	PROPN
arjefm-1175	71	6	,	,	PUNCT
arjefm-1175	71	7	the	the	DET
arjefm-1175	71	8	terms	term	NOUN
arjefm-1175	71	9	"	"	PUNCT
arjefm-1175	71	10	backward	backward	ADJ
arjefm-1175	71	11	fdi	fdi	NOUN
arjefm-1175	71	12	"	"	PUNCT
arjefm-1175	71	13	and	and	CCONJ
arjefm-1175	71	14	"	"	PUNCT
arjefm-1175	71	15	forward	forward	ADJ
arjefm-1175	71	16	fdi	fdi	ADJ
arjefm-1175	71	17	"	"	PUNCT
arjefm-1175	71	18	require	require	VERB
arjefm-1175	71	19	elucidation	elucidation	NOUN
arjefm-1175	71	20	.	.	PUNCT
arjefm-1175	72	1	backward	backward	ADJ
arjefm-1175	72	2	fdi	fdi	NOUN
arjefm-1175	72	3	involves	involve	VERB
arjefm-1175	72	4	investing	invest	VERB
arjefm-1175	72	5	in	in	ADP
arjefm-1175	72	6	a	a	DET
arjefm-1175	72	7	foreign	foreign	ADJ
arjefm-1175	72	8	country	country	NOUN
arjefm-1175	72	9	to	to	PART
arjefm-1175	72	10	acquire	acquire	VERB
arjefm-1175	72	11	inputs	input	NOUN
arjefm-1175	72	12	,	,	PUNCT
arjefm-1175	72	13	such	such	ADJ
arjefm-1175	72	14	as	as	ADP
arjefm-1175	72	15	raw	raw	ADJ
arjefm-1175	72	16	materials	material	NOUN
arjefm-1175	72	17	,	,	PUNCT
arjefm-1175	72	18	components	component	NOUN
arjefm-1175	72	19	,	,	PUNCT
arjefm-1175	72	20	or	or	CCONJ
arjefm-1175	72	21	intermediate	intermediate	ADJ
arjefm-1175	72	22	goods	good	NOUN
arjefm-1175	72	23	,	,	PUNCT
arjefm-1175	72	24	with	with	ADP
arjefm-1175	72	25	the	the	DET
arjefm-1175	72	26	aim	aim	NOUN
arjefm-1175	72	27	of	of	ADP
arjefm-1175	72	28	reducing	reduce	VERB
arjefm-1175	72	29	costs	cost	NOUN
arjefm-1175	72	30	,	,	PUNCT
arjefm-1175	72	31	increasing	increase	VERB
arjefm-1175	72	32	efficiency	efficiency	NOUN
arjefm-1175	72	33	,	,	PUNCT
arjefm-1175	72	34	or	or	CCONJ
arjefm-1175	72	35	gaining	gain	VERB
arjefm-1175	72	36	access	access	NOUN
arjefm-1175	72	37	to	to	ADP
arjefm-1175	72	38	new	new	ADJ
arjefm-1175	72	39	resources	resource	NOUN
arjefm-1175	72	40	.	.	PUNCT
arjefm-1175	73	1	this	this	DET
arjefm-1175	73	2	type	type	NOUN
arjefm-1175	73	3	of	of	ADP
arjefm-1175	73	4	investment	investment	NOUN
arjefm-1175	73	5	is	be	AUX
arjefm-1175	73	6	upstream	upstream	ADV
arjefm-1175	73	7	-	-	PUNCT
arjefm-1175	73	8	focused	focus	VERB
arjefm-1175	73	9	and	and	CCONJ
arjefm-1175	73	10	sourcing	source	VERB
arjefm-1175	73	11	-	-	PUNCT
arjefm-1175	73	12	oriented	orient	VERB
arjefm-1175	73	13	.	.	PUNCT
arjefm-1175	74	1	for	for	ADP
arjefm-1175	74	2	instance	instance	NOUN
arjefm-1175	74	3	,	,	PUNCT
arjefm-1175	74	4	a	a	DET
arjefm-1175	74	5	us	us	PROPN
arjefm-1175	74	6	-	-	PUNCT
arjefm-1175	74	7	based	base	VERB
arjefm-1175	74	8	automobile	automobile	NOUN
arjefm-1175	74	9	manufacturer	manufacturer	NOUN
arjefm-1175	74	10	investing	invest	VERB
arjefm-1175	74	11	in	in	ADP
arjefm-1175	74	12	a	a	DET
arjefm-1175	74	13	brazilian	brazilian	ADJ
arjefm-1175	74	14	firm	firm	NOUN
arjefm-1175	74	15	to	to	PART
arjefm-1175	74	16	source	source	VERB
arjefm-1175	74	17	cheaper	cheap	ADJ
arjefm-1175	74	18	steel	steel	NOUN
arjefm-1175	74	19	for	for	ADP
arjefm-1175	74	20	its	its	PRON
arjefm-1175	74	21	production	production	NOUN
arjefm-1175	74	22	would	would	AUX
arjefm-1175	74	23	be	be	AUX
arjefm-1175	74	24	an	an	DET
arjefm-1175	74	25	example	example	NOUN
arjefm-1175	74	26	of	of	ADP
arjefm-1175	74	27	backward	backward	ADJ
arjefm-1175	74	28	fdi	fdi	PROPN
arjefm-1175	74	29	.	.	PUNCT
arjefm-1175	75	1	on	on	ADP
arjefm-1175	75	2	the	the	DET
arjefm-1175	75	3	contrary	contrary	NOUN
arjefm-1175	75	4	,	,	PUNCT
arjefm-1175	75	5	forward	forward	ADJ
arjefm-1175	75	6	fdi	fdi	NOUN
arjefm-1175	75	7	entails	entail	VERB
arjefm-1175	75	8	investing	invest	VERB
arjefm-1175	75	9	in	in	ADP
arjefm-1175	75	10	a	a	DET
arjefm-1175	75	11	foreign	foreign	ADJ
arjefm-1175	75	12	country	country	NOUN
arjefm-1175	75	13	to	to	PART
arjefm-1175	75	14	establish	establish	VERB
arjefm-1175	75	15	a	a	DET
arjefm-1175	75	16	presence	presence	NOUN
arjefm-1175	75	17	in	in	ADP
arjefm-1175	75	18	the	the	DET
arjefm-1175	75	19	local	local	ADJ
arjefm-1175	75	20	market	market	NOUN
arjefm-1175	75	21	,	,	PUNCT
arjefm-1175	75	22	often	often	ADV
arjefm-1175	75	23	to	to	PART
arjefm-1175	75	24	sell	sell	VERB
arjefm-1175	75	25	final	final	ADJ
arjefm-1175	75	26	products	product	NOUN
arjefm-1175	75	27	or	or	CCONJ
arjefm-1175	75	28	services	service	NOUN
arjefm-1175	75	29	,	,	PUNCT
arjefm-1175	75	30	with	with	ADP
arjefm-1175	75	31	the	the	DET
arjefm-1175	75	32	goal	goal	NOUN
arjefm-1175	75	33	of	of	ADP
arjefm-1175	75	34	expanding	expand	VERB
arjefm-1175	75	35	market	market	NOUN
arjefm-1175	75	36	share	share	NOUN
arjefm-1175	75	37	,	,	PUNCT
arjefm-1175	75	38	increasing	increase	VERB
arjefm-1175	75	39	sales	sale	NOUN
arjefm-1175	75	40	,	,	PUNCT
arjefm-1175	75	41	or	or	CCONJ
arjefm-1175	75	42	establishing	establish	VERB
arjefm-1175	75	43	a	a	DET
arjefm-1175	75	44	local	local	ADJ
arjefm-1175	75	45	presence	presence	NOUN
arjefm-1175	75	46	.	.	PUNCT
arjefm-1175	76	1	this	this	DET
arjefm-1175	76	2	type	type	NOUN
arjefm-1175	76	3	of	of	ADP
arjefm-1175	76	4	investment	investment	NOUN
arjefm-1175	76	5	is	be	AUX
arjefm-1175	76	6	downstream	downstream	ADV
arjefm-1175	76	7	-	-	PUNCT
arjefm-1175	76	8	focused	focus	VERB
arjefm-1175	76	9	and	and	CCONJ
arjefm-1175	76	10	market	market	NOUN
arjefm-1175	76	11	-	-	PUNCT
arjefm-1175	76	12	oriented	orient	VERB
arjefm-1175	76	13	.	.	PUNCT
arjefm-1175	77	1	for	for	ADP
arjefm-1175	77	2	example	example	NOUN
arjefm-1175	77	3	,	,	PUNCT
arjefm-1175	77	4	a	a	DET
arjefm-1175	77	5	japanese	japanese	ADJ
arjefm-1175	77	6	electronics	electronic	NOUN
arjefm-1175	77	7	firm	firm	NOUN
arjefm-1175	77	8	investing	invest	VERB
arjefm-1175	77	9	in	in	ADP
arjefm-1175	77	10	a	a	DET
arjefm-1175	77	11	chinese	chinese	ADJ
arjefm-1175	77	12	subsidiary	subsidiary	NOUN
arjefm-1175	77	13	to	to	PART
arjefm-1175	77	14	manufacture	manufacture	VERB
arjefm-1175	77	15	and	and	CCONJ
arjefm-1175	77	16	sell	sell	VERB
arjefm-1175	77	17	its	its	PRON
arjefm-1175	77	18	product	product	NOUN
arjefm-1175	77	19	in	in	ADP
arjefm-1175	77	20	the	the	DET
arjefm-1175	77	21	local	local	ADJ
arjefm-1175	77	22	market	market	NOUN
arjefm-1175	77	23	would	would	AUX
arjefm-1175	77	24	be	be	AUX
arjefm-1175	77	25	an	an	DET
arjefm-1175	77	26	instance	instance	NOUN
arjefm-1175	77	27	of	of	ADP
arjefm-1175	77	28	forward	forward	PROPN
arjefm-1175	77	29	fdi	fdi	PROPN
arjefm-1175	77	30	.	.	PUNCT
arjefm-1175	78	1	fdi	fdi	ADJ
arjefm-1175	78	2	-	-	PUNCT
arjefm-1175	78	3	growth	growth	NOUN
arjefm-1175	78	4	nexus	nexus	NOUN
arjefm-1175	78	5	according	accord	VERB
arjefm-1175	78	6	to	to	ADP
arjefm-1175	78	7	carovic	carovic	PROPN
arjefm-1175	78	8	and	and	CCONJ
arjefm-1175	78	9	levine	levine	PROPN
arjefm-1175	78	10	(	(	PUNCT
arjefm-1175	78	11	2005	2005	NUM
arjefm-1175	78	12	)	)	PUNCT
arjefm-1175	79	1	,	,	PUNCT
arjefm-1175	79	2	fdi	fdi	NOUN
arjefm-1175	79	3	can	can	AUX
arjefm-1175	79	4	contribute	contribute	VERB
arjefm-1175	79	5	to	to	ADP
arjefm-1175	79	6	economic	economic	ADJ
arjefm-1175	79	7	growth	growth	NOUN
arjefm-1175	79	8	by	by	ADP
arjefm-1175	79	9	transferring	transfer	VERB
arjefm-1175	79	10	technology	technology	NOUN
arjefm-1175	79	11	and	and	CCONJ
arjefm-1175	79	12	knowledge	knowledge	NOUN
arjefm-1175	79	13	,	,	PUNCT
arjefm-1175	79	14	increasing	increase	VERB
arjefm-1175	79	15	capital	capital	NOUN
arjefm-1175	79	16	accumulation	accumulation	NOUN
arjefm-1175	79	17	,	,	PUNCT
arjefm-1175	79	18	improving	improve	VERB
arjefm-1175	79	19	human	human	ADJ
arjefm-1175	79	20	capital	capital	NOUN
arjefm-1175	79	21	and	and	CCONJ
arjefm-1175	79	22	enhancing	enhance	VERB
arjefm-1175	79	23	competition	competition	NOUN
arjefm-1175	79	24	and	and	CCONJ
arjefm-1175	79	25	productivity	productivity	NOUN
arjefm-1175	79	26	.	.	PUNCT
arjefm-1175	80	1	borensztein	borensztein	PROPN
arjefm-1175	80	2	,	,	PUNCT
arjefm-1175	80	3	et	et	PROPN
arjefm-1175	80	4	al	al	PROPN
arjefm-1175	80	5	.	.	PROPN
arjefm-1175	80	6	,	,	PUNCT
arjefm-1175	80	7	(	(	PUNCT
arjefm-1175	80	8	1998	1998	NUM
arjefm-1175	80	9	)	)	PUNCT
arjefm-1175	80	10	argue	argue	VERB
arjefm-1175	80	11	that	that	SCONJ
arjefm-1175	80	12	fdi	fdi	NOUN
arjefm-1175	80	13	has	have	VERB
arjefm-1175	80	14	a	a	DET
arjefm-1175	80	15	positive	positive	ADJ
arjefm-1175	80	16	impact	impact	NOUN
arjefm-1175	80	17	on	on	ADP
arjefm-1175	80	18	economic	economic	ADJ
arjefm-1175	80	19	growth	growth	NOUN
arjefm-1175	80	20	,	,	PUNCT
arjefm-1175	80	21	but	but	CCONJ
arjefm-1175	80	22	only	only	ADV
arjefm-1175	80	23	when	when	SCONJ
arjefm-1175	80	24	the	the	DET
arjefm-1175	80	25	host	host	NOUN
arjefm-1175	80	26	country	country	NOUN
arjefm-1175	80	27	has	have	VERB
arjefm-1175	80	28	a	a	DET
arjefm-1175	80	29	minimum	minimum	ADJ
arjefm-1175	80	30	level	level	NOUN
arjefm-1175	80	31	of	of	ADP
arjefm-1175	80	32	human	human	ADJ
arjefm-1175	80	33	capital	capital	NOUN
arjefm-1175	80	34	.	.	PUNCT
arjefm-1175	81	1	this	this	PRON
arjefm-1175	81	2	suggests	suggest	VERB
arjefm-1175	81	3	that	that	SCONJ
arjefm-1175	81	4	fdi	fdi	NOUN
arjefm-1175	81	5	is	be	AUX
arjefm-1175	81	6	more	more	ADV
arjefm-1175	81	7	effective	effective	ADJ
arjefm-1175	81	8	in	in	ADP
arjefm-1175	81	9	promoting	promote	VERB
arjefm-1175	81	10	growth	growth	NOUN
arjefm-1175	81	11	when	when	SCONJ
arjefm-1175	81	12	the	the	DET
arjefm-1175	81	13	host	host	NOUN
arjefm-1175	81	14	country	country	NOUN
arjefm-1175	81	15	has	have	VERB
arjefm-1175	81	16	a	a	DET
arjefm-1175	81	17	skilled	skilled	ADJ
arjefm-1175	81	18	mailto:contact@americaserial.com	mailto:contact@americaserial.com	NOUN
arjefm-1175	81	19	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	81	20	american	american	PROPN
arjefm-1175	81	21	research	research	PROPN
arjefm-1175	81	22	journal	journal	PROPN
arjefm-1175	81	23	of	of	ADP
arjefm-1175	81	24	economics	economic	NOUN
arjefm-1175	81	25	,	,	PUNCT
arjefm-1175	81	26	finance	finance	NOUN
arjefm-1175	81	27	and	and	CCONJ
arjefm-1175	81	28	management	management	NOUN
arjefm-1175	81	29	volume	volume	NOUN
arjefm-1175	81	30	13	13	NUM
arjefm-1175	81	31	issue	issue	NOUN
arjefm-1175	81	32	1	1	NUM
arjefm-1175	81	33	,	,	PUNCT
arjefm-1175	81	34	january	january	PROPN
arjefm-1175	81	35	-	-	PUNCT
arjefm-1175	81	36	march	march	PROPN
arjefm-1175	81	37	2025	2025	NUM
arjefm-1175	81	38	issn	issn	NOUN
arjefm-1175	81	39	:	:	PUNCT
arjefm-1175	81	40	2836	2836	NUM
arjefm-1175	81	41	-	-	SYM
arjefm-1175	81	42	9416	9416	NUM
arjefm-1175	81	43	impact	impact	NOUN
arjefm-1175	81	44	factor	factor	NOUN
arjefm-1175	81	45	:	:	PUNCT
arjefm-1175	81	46	6.41	6.41	NUM
arjefm-1175	81	47	journal	journal	NOUN
arjefm-1175	81	48	homepage	homepage	NOUN
arjefm-1175	81	49	:	:	PUNCT
arjefm-1175	81	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	81	51	,	,	PUNCT
arjefm-1175	81	52	email	email	NOUN
arjefm-1175	81	53	:	:	PUNCT
arjefm-1175	81	54	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	81	55	official	official	ADJ
arjefm-1175	81	56	journal	journal	PROPN
arjefm-1175	81	57	of	of	ADP
arjefm-1175	81	58	america	america	PROPN
arjefm-1175	81	59	serial	serial	PROPN
arjefm-1175	81	60	publication	publication	NOUN
arjefm-1175	81	61	american	american	PROPN
arjefm-1175	81	62	research	research	PROPN
arjefm-1175	81	63	journal	journal	PROPN
arjefm-1175	81	64	of	of	ADP
arjefm-1175	81	65	economics	economic	NOUN
arjefm-1175	81	66	,	,	PUNCT
arjefm-1175	81	67	finance	finance	NOUN
arjefm-1175	81	68	and	and	CCONJ
arjefm-1175	81	69	management	management	NOUN
arjefm-1175	81	70	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	81	71	,	,	PUNCT
arjefm-1175	81	72	email	email	NOUN
arjefm-1175	81	73	:	:	PUNCT
arjefm-1175	81	74	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	82	1	179	179	NUM
arjefm-1175	83	1	|	|	ADV
arjefm-1175	83	2	p	p	X
arjefm-1175	83	3	a	a	DET
arjefm-1175	83	4	g	g	PROPN
arjefm-1175	83	5	e	e	X
arjefm-1175	83	6	workforce	workforce	NOUN
arjefm-1175	83	7	.	.	PUNCT
arjefm-1175	84	1	de	de	PROPN
arjefm-1175	84	2	mello	mello	PROPN
arjefm-1175	84	3	(	(	PUNCT
arjefm-1175	84	4	1999	1999	NUM
arjefm-1175	84	5	)	)	PUNCT
arjefm-1175	84	6	maintains	maintain	VERB
arjefm-1175	84	7	that	that	SCONJ
arjefm-1175	84	8	fdi	fdi	NOUN
arjefm-1175	84	9	can	can	AUX
arjefm-1175	84	10	exert	exert	VERB
arjefm-1175	84	11	a	a	DET
arjefm-1175	84	12	positive	positive	ADJ
arjefm-1175	84	13	impact	impact	NOUN
arjefm-1175	84	14	on	on	ADP
arjefm-1175	84	15	economic	economic	ADJ
arjefm-1175	84	16	growth	growth	NOUN
arjefm-1175	84	17	by	by	ADP
arjefm-1175	84	18	increasing	increase	VERB
arjefm-1175	84	19	productivity	productivity	NOUN
arjefm-1175	84	20	and	and	CCONJ
arjefm-1175	84	21	competitiveness	competitiveness	NOUN
arjefm-1175	84	22	.	.	PUNCT
arjefm-1175	85	1	however	however	ADV
arjefm-1175	85	2	,	,	PUNCT
arjefm-1175	85	3	the	the	DET
arjefm-1175	85	4	scholar	scholar	NOUN
arjefm-1175	85	5	also	also	ADV
arjefm-1175	85	6	notes	note	VERB
arjefm-1175	85	7	the	the	DET
arjefm-1175	85	8	impact	impact	NOUN
arjefm-1175	85	9	of	of	ADP
arjefm-1175	85	10	fdi	fdi	NOUN
arjefm-1175	85	11	on	on	ADP
arjefm-1175	85	12	growth	growth	NOUN
arjefm-1175	85	13	depends	depend	VERB
arjefm-1175	85	14	on	on	ADP
arjefm-1175	85	15	quality	quality	NOUN
arjefm-1175	85	16	of	of	ADP
arjefm-1175	85	17	institutions	institution	NOUN
arjefm-1175	85	18	and	and	CCONJ
arjefm-1175	85	19	policy	policy	NOUN
arjefm-1175	85	20	direction	direction	NOUN
arjefm-1175	85	21	in	in	ADP
arjefm-1175	85	22	the	the	DET
arjefm-1175	85	23	host	host	NOUN
arjefm-1175	85	24	country	country	NOUN
arjefm-1175	85	25	.	.	PUNCT
arjefm-1175	86	1	likewise	likewise	ADV
arjefm-1175	86	2	,	,	PUNCT
arjefm-1175	86	3	alfaro	alfaro	PROPN
arjefm-1175	86	4	,	,	PUNCT
arjefm-1175	86	5	et	et	PROPN
arjefm-1175	86	6	al	al	PROPN
arjefm-1175	86	7	.	.	PROPN
arjefm-1175	86	8	,	,	PUNCT
arjefm-1175	86	9	(	(	PUNCT
arjefm-1175	86	10	2010	2010	NUM
arjefm-1175	86	11	)	)	PUNCT
arjefm-1175	86	12	affirm	affirm	NOUN
arjefm-1175	86	13	that	that	SCONJ
arjefm-1175	86	14	fdi	fdi	NOUN
arjefm-1175	86	15	can	can	AUX
arjefm-1175	86	16	lead	lead	VERB
arjefm-1175	86	17	to	to	ADP
arjefm-1175	86	18	economic	economic	ADJ
arjefm-1175	86	19	growth	growth	NOUN
arjefm-1175	86	20	depending	depend	VERB
arjefm-1175	86	21	on	on	ADP
arjefm-1175	86	22	the	the	DET
arjefm-1175	86	23	level	level	NOUN
arjefm-1175	86	24	of	of	ADP
arjefm-1175	86	25	fdi	fdi	NOUN
arjefm-1175	86	26	.	.	PUNCT
arjefm-1175	87	1	furthermore	furthermore	ADV
arjefm-1175	87	2	,	,	PUNCT
arjefm-1175	87	3	khaing	khae	VERB
arjefm-1175	87	4	(	(	PUNCT
arjefm-1175	87	5	2009	2009	NUM
arjefm-1175	87	6	)	)	PUNCT
arjefm-1175	87	7	argues	argue	VERB
arjefm-1175	87	8	that	that	SCONJ
arjefm-1175	87	9	fdi	fdi	NOUN
arjefm-1175	87	10	can	can	AUX
arjefm-1175	87	11	drive	drive	VERB
arjefm-1175	87	12	growth	growth	NOUN
arjefm-1175	87	13	of	of	ADP
arjefm-1175	87	14	a	a	DET
arjefm-1175	87	15	host	host	NOUN
arjefm-1175	87	16	nation	nation	NOUN
arjefm-1175	87	17	targeting	target	VERB
arjefm-1175	87	18	high	high	ADJ
arjefm-1175	87	19	growth	growth	NOUN
arjefm-1175	87	20	sectors	sector	NOUN
arjefm-1175	87	21	such	such	ADJ
arjefm-1175	87	22	as	as	ADP
arjefm-1175	87	23	infrastructure	infrastructure	NOUN
arjefm-1175	87	24	,	,	PUNCT
arjefm-1175	87	25	technology	technology	NOUN
arjefm-1175	87	26	or	or	CCONJ
arjefm-1175	87	27	human	human	ADJ
arjefm-1175	87	28	capital	capital	NOUN
arjefm-1175	87	29	-	-	PUNCT
arjefm-1175	87	30	intensive	intensive	ADJ
arjefm-1175	87	31	industries	industry	NOUN
arjefm-1175	87	32	that	that	PRON
arjefm-1175	87	33	can	can	AUX
arjefm-1175	87	34	create	create	VERB
arjefm-1175	87	35	jobs	job	NOUN
arjefm-1175	87	36	,	,	PUNCT
arjefm-1175	87	37	stimulate	stimulate	VERB
arjefm-1175	87	38	innovation	innovation	NOUN
arjefm-1175	87	39	and	and	CCONJ
arjefm-1175	87	40	boost	boost	VERB
arjefm-1175	87	41	productively	productively	ADV
arjefm-1175	87	42	.	.	PUNCT
arjefm-1175	88	1	the	the	DET
arjefm-1175	88	2	direction	direction	NOUN
arjefm-1175	88	3	of	of	ADP
arjefm-1175	88	4	fdi	fdi	PROPN
arjefm-1175	88	5	,	,	PUNCT
arjefm-1175	88	6	whether	whether	SCONJ
arjefm-1175	88	7	horizontal	horizontal	ADJ
arjefm-1175	88	8	or	or	CCONJ
arjefm-1175	88	9	vertical	vertical	ADJ
arjefm-1175	88	10	,	,	PUNCT
arjefm-1175	88	11	also	also	ADV
arjefm-1175	88	12	influences	influence	VERB
arjefm-1175	88	13	its	its	PRON
arjefm-1175	88	14	growth	growth	NOUN
arjefm-1175	88	15	contribution	contribution	NOUN
arjefm-1175	88	16	.	.	PUNCT
arjefm-1175	89	1	additionally	additionally	ADV
arjefm-1175	89	2	,	,	PUNCT
arjefm-1175	89	3	the	the	DET
arjefm-1175	89	4	motive	motive	NOUN
arjefm-1175	89	5	behind	behind	ADP
arjefm-1175	89	6	fdi	fdi	PROPN
arjefm-1175	89	7	,	,	PUNCT
arjefm-1175	89	8	such	such	ADJ
arjefm-1175	89	9	as	as	ADP
arjefm-1175	89	10	market	market	NOUN
arjefm-1175	89	11	-	-	PUNCT
arjefm-1175	89	12	seeking	seeking	NOUN
arjefm-1175	89	13	,	,	PUNCT
arjefm-1175	89	14	efficiency	efficiency	NOUN
arjefm-1175	89	15	-	-	PUNCT
arjefm-1175	89	16	seeking	seeking	NOUN
arjefm-1175	89	17	or	or	CCONJ
arjefm-1175	89	18	resource	resource	NOUN
arjefm-1175	89	19	-	-	PUNCT
arjefm-1175	89	20	seeking	seeking	NOUN
arjefm-1175	89	21	,	,	PUNCT
arjefm-1175	89	22	affects	affect	VERB
arjefm-1175	89	23	its	its	PRON
arjefm-1175	89	24	capability	capability	NOUN
arjefm-1175	89	25	to	to	PART
arjefm-1175	89	26	drive	drive	VERB
arjefm-1175	89	27	growth	growth	NOUN
arjefm-1175	89	28	.	.	PUNCT
arjefm-1175	90	1	conceptual	conceptual	ADJ
arjefm-1175	90	2	framework	framework	NOUN
arjefm-1175	90	3	independent	independent	ADJ
arjefm-1175	90	4	variables	variable	NOUN
arjefm-1175	90	5	dependent	dependent	ADJ
arjefm-1175	90	6	variable	variable	ADJ
arjefm-1175	90	7	source	source	NOUN
arjefm-1175	90	8	:	:	PUNCT
arjefm-1175	90	9	author	author	NOUN
arjefm-1175	90	10	’s	’s	PART
arjefm-1175	90	11	design	design	NOUN
arjefm-1175	90	12	(	(	PUNCT
arjefm-1175	90	13	2024	2024	NUM
arjefm-1175	90	14	)	)	PUNCT
arjefm-1175	90	15	fig	fig	NOUN
arjefm-1175	90	16	.	.	PUNCT
arjefm-1175	91	1	1	1	NUM
arjefm-1175	91	2	:	:	PUNCT
arjefm-1175	91	3	interaction	interaction	NOUN
arjefm-1175	91	4	of	of	ADP
arjefm-1175	91	5	fdi	fdi	PROPN
arjefm-1175	91	6	,	,	PUNCT
arjefm-1175	91	7	exchange	exchange	NOUN
arjefm-1175	91	8	rate	rate	NOUN
arjefm-1175	91	9	and	and	CCONJ
arjefm-1175	91	10	inflation	inflation	NOUN
arjefm-1175	91	11	rate	rate	NOUN
arjefm-1175	91	12	versus	versus	ADP
arjefm-1175	91	13	nigeria	nigeria	PROPN
arjefm-1175	91	14	's	's	PART
arjefm-1175	91	15	gdp	gdp	NOUN
arjefm-1175	91	16	growth	growth	NOUN
arjefm-1175	91	17	rate	rate	VERB
arjefm-1175	91	18	the	the	DET
arjefm-1175	91	19	following	follow	VERB
arjefm-1175	91	20	analogy	analogy	NOUN
arjefm-1175	91	21	shows	show	VERB
arjefm-1175	91	22	how	how	SCONJ
arjefm-1175	91	23	fdi	fdi	NOUN
arjefm-1175	91	24	can	can	AUX
arjefm-1175	91	25	influence	influence	VERB
arjefm-1175	91	26	gdp	gdp	NOUN
arjefm-1175	91	27	growth	growth	NOUN
arjefm-1175	91	28	rate	rate	NOUN
arjefm-1175	91	29	,	,	PUNCT
arjefm-1175	91	30	while	while	SCONJ
arjefm-1175	91	31	exchange	exchange	NOUN
arjefm-1175	91	32	and	and	CCONJ
arjefm-1175	91	33	inflation	inflation	NOUN
arjefm-1175	91	34	rates	rate	NOUN
arjefm-1175	91	35	can	can	AUX
arjefm-1175	91	36	affect	affect	VERB
arjefm-1175	91	37	the	the	DET
arjefm-1175	91	38	outcome	outcome	NOUN
arjefm-1175	91	39	.	.	PUNCT
arjefm-1175	92	1	imagine	imagine	VERB
arjefm-1175	92	2	fdi	fdi	PROPN
arjefm-1175	92	3	as	as	ADP
arjefm-1175	92	4	the	the	DET
arjefm-1175	92	5	fuel	fuel	NOUN
arjefm-1175	92	6	that	that	PRON
arjefm-1175	92	7	runs	run	VERB
arjefm-1175	92	8	a	a	DET
arjefm-1175	92	9	car	car	NOUN
arjefm-1175	92	10	's	's	PART
arjefm-1175	92	11	engine	engine	NOUN
arjefm-1175	92	12	.	.	PUNCT
arjefm-1175	93	1	increased	increase	VERB
arjefm-1175	93	2	fdi	fdi	NOUN
arjefm-1175	93	3	can	can	AUX
arjefm-1175	93	4	drive	drive	VERB
arjefm-1175	93	5	economic	economic	ADJ
arjefm-1175	93	6	growth	growth	NOUN
arjefm-1175	93	7	by	by	ADP
arjefm-1175	93	8	bringing	bring	VERB
arjefm-1175	93	9	in	in	ADP
arjefm-1175	93	10	capital	capital	NOUN
arjefm-1175	93	11	,	,	PUNCT
arjefm-1175	93	12	technology	technology	NOUN
arjefm-1175	93	13	,	,	PUNCT
arjefm-1175	93	14	and	and	CCONJ
arjefm-1175	93	15	expertise	expertise	NOUN
arjefm-1175	93	16	,	,	PUNCT
arjefm-1175	93	17	much	much	ADV
arjefm-1175	93	18	like	like	ADP
arjefm-1175	93	19	more	more	ADJ
arjefm-1175	93	20	fuel	fuel	NOUN
arjefm-1175	93	21	makes	make	VERB
arjefm-1175	93	22	a	a	DET
arjefm-1175	93	23	car	car	NOUN
arjefm-1175	93	24	run	run	VERB
arjefm-1175	93	25	faster	fast	ADV
arjefm-1175	93	26	.	.	PUNCT
arjefm-1175	94	1	increased	increase	VERB
arjefm-1175	94	2	output	output	NOUN
arjefm-1175	94	3	,	,	PUNCT
arjefm-1175	94	4	job	job	NOUN
arjefm-1175	94	5	creation	creation	NOUN
arjefm-1175	94	6	,	,	PUNCT
arjefm-1175	94	7	and	and	CCONJ
arjefm-1175	94	8	overall	overall	ADJ
arjefm-1175	94	9	economic	economic	ADJ
arjefm-1175	94	10	growth	growth	NOUN
arjefm-1175	94	11	can	can	AUX
arjefm-1175	94	12	result	result	VERB
arjefm-1175	94	13	from	from	ADP
arjefm-1175	94	14	this	this	PRON
arjefm-1175	94	15	.	.	PUNCT
arjefm-1175	95	1	however	however	ADV
arjefm-1175	95	2	,	,	PUNCT
arjefm-1175	95	3	the	the	DET
arjefm-1175	95	4	speed	speed	NOUN
arjefm-1175	95	5	of	of	ADP
arjefm-1175	95	6	this	this	DET
arjefm-1175	95	7	"	"	PUNCT
arjefm-1175	95	8	car	car	NOUN
arjefm-1175	95	9	"	"	PUNCT
arjefm-1175	95	10	–	–	PUNCT
arjefm-1175	95	11	gdp	gdp	NOUN
arjefm-1175	95	12	growth	growth	NOUN
arjefm-1175	95	13	rate	rate	NOUN
arjefm-1175	95	14	–	–	PUNCT
arjefm-1175	95	15	is	be	AUX
arjefm-1175	95	16	not	not	PART
arjefm-1175	95	17	solely	solely	ADV
arjefm-1175	95	18	determined	determine	VERB
arjefm-1175	95	19	by	by	ADP
arjefm-1175	95	20	the	the	DET
arjefm-1175	95	21	amount	amount	NOUN
arjefm-1175	95	22	of	of	ADP
arjefm-1175	95	23	fuel	fuel	NOUN
arjefm-1175	95	24	.	.	PUNCT
arjefm-1175	96	1	exchange	exchange	NOUN
arjefm-1175	96	2	rate	rate	NOUN
arjefm-1175	96	3	fluctuations	fluctuation	NOUN
arjefm-1175	96	4	can	can	AUX
arjefm-1175	96	5	significantly	significantly	ADV
arjefm-1175	96	6	affect	affect	VERB
arjefm-1175	96	7	the	the	DET
arjefm-1175	96	8	competitiveness	competitiveness	NOUN
arjefm-1175	96	9	of	of	ADP
arjefm-1175	96	10	a	a	DET
arjefm-1175	96	11	country	country	NOUN
arjefm-1175	96	12	's	's	PART
arjefm-1175	96	13	exports	export	NOUN
arjefm-1175	96	14	and	and	CCONJ
arjefm-1175	96	15	,	,	PUNCT
arjefm-1175	96	16	consequently	consequently	ADV
arjefm-1175	96	17	,	,	PUNCT
arjefm-1175	96	18	how	how	SCONJ
arjefm-1175	96	19	quickly	quickly	ADV
arjefm-1175	96	20	its	its	PRON
arjefm-1175	96	21	economy	economy	NOUN
arjefm-1175	96	22	grows	grow	VERB
arjefm-1175	96	23	.	.	PUNCT
arjefm-1175	97	1	a	a	DET
arjefm-1175	97	2	favorable	favorable	ADJ
arjefm-1175	97	3	exchange	exchange	NOUN
arjefm-1175	97	4	rate	rate	NOUN
arjefm-1175	97	5	can	can	AUX
arjefm-1175	97	6	be	be	AUX
arjefm-1175	97	7	likened	liken	VERB
arjefm-1175	97	8	to	to	PART
arjefm-1175	97	9	smooth	smooth	VERB
arjefm-1175	97	10	,	,	PUNCT
arjefm-1175	97	11	well	well	ADV
arjefm-1175	97	12	-	-	PUNCT
arjefm-1175	97	13	maintained	maintain	VERB
arjefm-1175	97	14	highway	highway	NOUN
arjefm-1175	97	15	conditions	condition	NOUN
arjefm-1175	97	16	,	,	PUNCT
arjefm-1175	97	17	allowing	allow	VERB
arjefm-1175	97	18	the	the	DET
arjefm-1175	97	19	car	car	NOUN
arjefm-1175	97	20	to	to	PART
arjefm-1175	97	21	travel	travel	VERB
arjefm-1175	97	22	at	at	ADP
arjefm-1175	97	23	optimal	optimal	ADJ
arjefm-1175	97	24	speed	speed	NOUN
arjefm-1175	97	25	.	.	PUNCT
arjefm-1175	98	1	conversely	conversely	ADV
arjefm-1175	98	2	,	,	PUNCT
arjefm-1175	98	3	an	an	DET
arjefm-1175	98	4	unfavorable	unfavorable	ADJ
arjefm-1175	98	5	exchange	exchange	NOUN
arjefm-1175	98	6	rate	rate	NOUN
arjefm-1175	98	7	can	can	AUX
arjefm-1175	98	8	be	be	AUX
arjefm-1175	98	9	like	like	ADP
arjefm-1175	98	10	a	a	DET
arjefm-1175	98	11	bumpy	bumpy	NOUN
arjefm-1175	98	12	,	,	PUNCT
arjefm-1175	98	13	congested	congested	ADJ
arjefm-1175	98	14	road	road	NOUN
arjefm-1175	98	15	,	,	PUNCT
arjefm-1175	98	16	hindering	hinder	VERB
arjefm-1175	98	17	the	the	DET
arjefm-1175	98	18	car	car	NOUN
arjefm-1175	98	19	's	's	PART
arjefm-1175	98	20	progress	progress	NOUN
arjefm-1175	98	21	.	.	PUNCT
arjefm-1175	99	1	additionally	additionally	ADV
arjefm-1175	99	2	,	,	PUNCT
arjefm-1175	99	3	inflation	inflation	NOUN
arjefm-1175	99	4	might	might	AUX
arjefm-1175	99	5	be	be	AUX
arjefm-1175	99	6	thought	think	VERB
arjefm-1175	99	7	of	of	ADP
arjefm-1175	99	8	as	as	ADP
arjefm-1175	99	9	the	the	DET
arjefm-1175	99	10	weather	weather	NOUN
arjefm-1175	99	11	.	.	PUNCT
arjefm-1175	100	1	excessive	excessive	ADJ
arjefm-1175	100	2	inflation	inflation	NOUN
arjefm-1175	100	3	can	can	AUX
arjefm-1175	100	4	slow	slow	VERB
arjefm-1175	100	5	down	down	ADP
arjefm-1175	100	6	the	the	DET
arjefm-1175	100	7	car	car	NOUN
arjefm-1175	100	8	's	's	PART
arjefm-1175	100	9	pace	pace	NOUN
arjefm-1175	100	10	,	,	PUNCT
arjefm-1175	100	11	much	much	ADV
arjefm-1175	100	12	like	like	ADP
arjefm-1175	100	13	a	a	DET
arjefm-1175	100	14	strong	strong	ADJ
arjefm-1175	100	15	headwind	headwind	NOUN
arjefm-1175	100	16	.	.	PUNCT
arjefm-1175	101	1	it	it	PRON
arjefm-1175	101	2	can	can	AUX
arjefm-1175	101	3	raise	raise	VERB
arjefm-1175	101	4	uncertainty	uncertainty	NOUN
arjefm-1175	101	5	,	,	PUNCT
arjefm-1175	101	6	deter	deter	VERB
arjefm-1175	101	7	investment	investment	NOUN
arjefm-1175	101	8	,	,	PUNCT
arjefm-1175	101	9	and	and	CCONJ
arjefm-1175	101	10	reduce	reduce	VERB
arjefm-1175	101	11	purchasing	purchasing	NOUN
arjefm-1175	101	12	power	power	NOUN
arjefm-1175	101	13	,	,	PUNCT
arjefm-1175	101	14	all	all	PRON
arjefm-1175	101	15	of	of	ADP
arjefm-1175	101	16	which	which	PRON
arjefm-1175	101	17	can	can	AUX
arjefm-1175	101	18	negatively	negatively	ADV
arjefm-1175	101	19	affect	affect	VERB
arjefm-1175	101	20	economic	economic	ADJ
arjefm-1175	101	21	growth	growth	NOUN
arjefm-1175	101	22	.	.	PUNCT
arjefm-1175	102	1	conversely	conversely	ADV
arjefm-1175	102	2	,	,	PUNCT
arjefm-1175	102	3	low	low	ADJ
arjefm-1175	102	4	and	and	CCONJ
arjefm-1175	102	5	steady	steady	ADJ
arjefm-1175	102	6	inflation	inflation	NOUN
arjefm-1175	102	7	can	can	AUX
arjefm-1175	102	8	act	act	VERB
arjefm-1175	102	9	as	as	ADP
arjefm-1175	102	10	favourable	favourable	ADJ
arjefm-1175	102	11	tailwinds	tailwind	NOUN
arjefm-1175	102	12	,	,	PUNCT
arjefm-1175	102	13	possibly	possibly	ADV
arjefm-1175	102	14	increasing	increase	VERB
arjefm-1175	102	15	the	the	DET
arjefm-1175	102	16	vehicle	vehicle	NOUN
arjefm-1175	102	17	's	's	PART
arjefm-1175	102	18	speed	speed	NOUN
arjefm-1175	102	19	by	by	ADP
arjefm-1175	102	20	creating	create	VERB
arjefm-1175	102	21	a	a	DET
arjefm-1175	102	22	more	more	ADV
arjefm-1175	102	23	stable	stable	ADJ
arjefm-1175	102	24	and	and	CCONJ
arjefm-1175	102	25	predictable	predictable	ADJ
arjefm-1175	102	26	economic	economic	ADJ
arjefm-1175	102	27	climate	climate	NOUN
arjefm-1175	102	28	that	that	PRON
arjefm-1175	102	29	encourages	encourage	VERB
arjefm-1175	102	30	investment	investment	NOUN
arjefm-1175	102	31	and	and	CCONJ
arjefm-1175	102	32	growth	growth	NOUN
arjefm-1175	102	33	.	.	PUNCT
arjefm-1175	103	1	this	this	DET
arjefm-1175	103	2	comparison	comparison	NOUN
arjefm-1175	103	3	,	,	PUNCT
arjefm-1175	103	4	which	which	PRON
arjefm-1175	103	5	may	may	AUX
arjefm-1175	103	6			VERB
arjefm-1175	103	7	foreign	foreign	ADJ
arjefm-1175	103	8	direct	direct	ADJ
arjefm-1175	103	9	investment	investment	NOUN
arjefm-1175	103	10			VERB
arjefm-1175	103	11	exchange	exchange	NOUN
arjefm-1175	103	12	rate	rate	NOUN
arjefm-1175	103	13	gd	gd	PROPN
arjefm-1175	103	14			VERB
arjefm-1175	103	15	gdp	gdp	NOUN
arjefm-1175	103	16	growth	growth	NOUN
arjefm-1175	103	17	rate	rate	NOUN
arjefm-1175	103	18			VERB
arjefm-1175	103	19	inflation	inflation	NOUN
arjefm-1175	103	20	rate	rate	NOUN
arjefm-1175	103	21	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	103	22	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	103	23	american	american	PROPN
arjefm-1175	103	24	research	research	PROPN
arjefm-1175	103	25	journal	journal	PROPN
arjefm-1175	103	26	of	of	ADP
arjefm-1175	103	27	economics	economic	NOUN
arjefm-1175	103	28	,	,	PUNCT
arjefm-1175	103	29	finance	finance	NOUN
arjefm-1175	103	30	and	and	CCONJ
arjefm-1175	103	31	management	management	NOUN
arjefm-1175	103	32	volume	volume	NOUN
arjefm-1175	103	33	13	13	NUM
arjefm-1175	103	34	issue	issue	NOUN
arjefm-1175	103	35	1	1	NUM
arjefm-1175	103	36	,	,	PUNCT
arjefm-1175	103	37	january	january	PROPN
arjefm-1175	103	38	-	-	PUNCT
arjefm-1175	103	39	march	march	PROPN
arjefm-1175	103	40	2025	2025	NUM
arjefm-1175	103	41	issn	issn	NOUN
arjefm-1175	103	42	:	:	PUNCT
arjefm-1175	103	43	2836	2836	NUM
arjefm-1175	103	44	-	-	SYM
arjefm-1175	103	45	9416	9416	NUM
arjefm-1175	103	46	impact	impact	NOUN
arjefm-1175	103	47	factor	factor	NOUN
arjefm-1175	103	48	:	:	PUNCT
arjefm-1175	103	49	6.41	6.41	NUM
arjefm-1175	103	50	journal	journal	NOUN
arjefm-1175	103	51	homepage	homepage	NOUN
arjefm-1175	103	52	:	:	PUNCT
arjefm-1175	103	53	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	103	54	,	,	PUNCT
arjefm-1175	103	55	email	email	NOUN
arjefm-1175	103	56	:	:	PUNCT
arjefm-1175	103	57	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	103	58	official	official	ADJ
arjefm-1175	103	59	journal	journal	PROPN
arjefm-1175	103	60	of	of	ADP
arjefm-1175	103	61	america	america	PROPN
arjefm-1175	103	62	serial	serial	PROPN
arjefm-1175	103	63	publication	publication	NOUN
arjefm-1175	103	64	american	american	PROPN
arjefm-1175	103	65	research	research	PROPN
arjefm-1175	103	66	journal	journal	PROPN
arjefm-1175	103	67	of	of	ADP
arjefm-1175	103	68	economics	economic	NOUN
arjefm-1175	103	69	,	,	PUNCT
arjefm-1175	103	70	finance	finance	NOUN
arjefm-1175	103	71	and	and	CCONJ
arjefm-1175	103	72	management	management	NOUN
arjefm-1175	103	73	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	103	74	,	,	PUNCT
arjefm-1175	103	75	email	email	NOUN
arjefm-1175	103	76	:	:	PUNCT
arjefm-1175	103	77	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	103	78	180	180	NUM
arjefm-1175	104	1	|	|	ADV
arjefm-1175	104	2	p	p	X
arjefm-1175	104	3	a	a	DET
arjefm-1175	104	4	g	g	NOUN
arjefm-1175	104	5	e	e	NOUN
arjefm-1175	104	6	not	not	PART
arjefm-1175	104	7	fully	fully	ADV
arjefm-1175	104	8	represent	represent	VERB
arjefm-1175	104	9	the	the	DET
arjefm-1175	104	10	complexities	complexity	NOUN
arjefm-1175	104	11	of	of	ADP
arjefm-1175	104	12	these	these	DET
arjefm-1175	104	13	economic	economic	ADJ
arjefm-1175	104	14	interactions	interaction	NOUN
arjefm-1175	104	15	,	,	PUNCT
arjefm-1175	104	16	essentially	essentially	ADV
arjefm-1175	104	17	illustrates	illustrate	VERB
arjefm-1175	104	18	how	how	SCONJ
arjefm-1175	104	19	fdi	fdi	NOUN
arjefm-1175	104	20	is	be	AUX
arjefm-1175	104	21	a	a	DET
arjefm-1175	104	22	key	key	ADJ
arjefm-1175	104	23	driver	driver	NOUN
arjefm-1175	104	24	of	of	ADP
arjefm-1175	104	25	economic	economic	ADJ
arjefm-1175	104	26	growth	growth	NOUN
arjefm-1175	104	27	but	but	CCONJ
arjefm-1175	104	28	that	that	SCONJ
arjefm-1175	104	29	other	other	ADJ
arjefm-1175	104	30	factors	factor	NOUN
arjefm-1175	104	31	,	,	PUNCT
arjefm-1175	104	32	such	such	ADJ
arjefm-1175	104	33	as	as	ADP
arjefm-1175	104	34	inflation	inflation	NOUN
arjefm-1175	104	35	and	and	CCONJ
arjefm-1175	104	36	exchange	exchange	NOUN
arjefm-1175	104	37	rate	rate	NOUN
arjefm-1175	104	38	variations	variation	NOUN
arjefm-1175	104	39	,	,	PUNCT
arjefm-1175	104	40	can	can	AUX
arjefm-1175	104	41	have	have	VERB
arjefm-1175	104	42	a	a	DET
arjefm-1175	104	43	big	big	ADJ
arjefm-1175	104	44	impact	impact	NOUN
arjefm-1175	104	45	on	on	ADP
arjefm-1175	104	46	its	its	PRON
arjefm-1175	104	47	outcome	outcome	NOUN
arjefm-1175	104	48	.	.	PUNCT
arjefm-1175	105	1	theoretical	theoretical	ADJ
arjefm-1175	105	2	review	review	NOUN
arjefm-1175	105	3	asongu	asongu	VERB
arjefm-1175	105	4	,	,	PUNCT
arjefm-1175	105	5	et	et	PROPN
arjefm-1175	105	6	al	al	PROPN
arjefm-1175	105	7	.	.	PROPN
arjefm-1175	106	1	(	(	PUNCT
arjefm-1175	106	2	2021	2021	NUM
arjefm-1175	106	3	)	)	PUNCT
arjefm-1175	106	4	present	present	VERB
arjefm-1175	106	5	the	the	DET
arjefm-1175	106	6	following	follow	VERB
arjefm-1175	106	7	overview	overview	NOUN
arjefm-1175	106	8	of	of	ADP
arjefm-1175	106	9	the	the	DET
arjefm-1175	106	10	main	main	ADJ
arjefm-1175	106	11	theories	theory	NOUN
arjefm-1175	106	12	of	of	ADP
arjefm-1175	106	13	fdi	fdi	NOUN
arjefm-1175	106	14	:	:	PUNCT
arjefm-1175	106	15	classical	classical	ADJ
arjefm-1175	106	16	economic	economic	ADJ
arjefm-1175	106	17	theory	theory	NOUN
arjefm-1175	106	18	the	the	DET
arjefm-1175	106	19	classical	classical	ADJ
arjefm-1175	106	20	economic	economic	ADJ
arjefm-1175	106	21	theory	theory	NOUN
arjefm-1175	106	22	posits	posit	NOUN
arjefm-1175	106	23	that	that	SCONJ
arjefm-1175	106	24	fdi	fdi	NOUN
arjefm-1175	106	25	can	can	AUX
arjefm-1175	106	26	significantly	significantly	ADV
arjefm-1175	106	27	benefit	benefit	VERB
arjefm-1175	106	28	host	host	NOUN
arjefm-1175	106	29	countries	country	NOUN
arjefm-1175	106	30	.	.	PUNCT
arjefm-1175	107	1	these	these	DET
arjefm-1175	107	2	potential	potential	ADJ
arjefm-1175	107	3	benefits	benefit	NOUN
arjefm-1175	107	4	include	include	VERB
arjefm-1175	107	5	stimulating	stimulate	VERB
arjefm-1175	107	6	infrastructure	infrastructure	NOUN
arjefm-1175	107	7	development	development	NOUN
arjefm-1175	107	8	,	,	PUNCT
arjefm-1175	107	9	improving	improve	VERB
arjefm-1175	107	10	payment	payment	NOUN
arjefm-1175	107	11	transfers	transfer	NOUN
arjefm-1175	107	12	and	and	CCONJ
arjefm-1175	107	13	capital	capital	NOUN
arjefm-1175	107	14	skills	skill	NOUN
arjefm-1175	107	15	,	,	PUNCT
arjefm-1175	107	16	increasing	increase	VERB
arjefm-1175	107	17	foreign	foreign	ADJ
arjefm-1175	107	18	earnings	earning	NOUN
arjefm-1175	107	19	,	,	PUNCT
arjefm-1175	107	20	facilitating	facilitate	VERB
arjefm-1175	107	21	technology	technology	NOUN
arjefm-1175	107	22	transfer	transfer	NOUN
arjefm-1175	107	23	,	,	PUNCT
arjefm-1175	107	24	and	and	CCONJ
arjefm-1175	107	25	expanding	expand	VERB
arjefm-1175	107	26	government	government	NOUN
arjefm-1175	107	27	tax	tax	NOUN
arjefm-1175	107	28	revenue	revenue	NOUN
arjefm-1175	107	29	(	(	PUNCT
arjefm-1175	107	30	benetrix	benetrix	NOUN
arjefm-1175	107	31	,	,	PUNCT
arjefm-1175	107	32	et	et	PROPN
arjefm-1175	107	33	al	al	PROPN
arjefm-1175	107	34	.	.	PROPN
arjefm-1175	107	35	,	,	PUNCT
arjefm-1175	107	36	2023	2023	NUM
arjefm-1175	107	37	)	)	PUNCT
arjefm-1175	107	38	.	.	PUNCT
arjefm-1175	108	1	this	this	DET
arjefm-1175	108	2	theoretical	theoretical	ADJ
arjefm-1175	108	3	framework	framework	NOUN
arjefm-1175	108	4	serves	serve	VERB
arjefm-1175	108	5	as	as	ADP
arjefm-1175	108	6	the	the	DET
arjefm-1175	108	7	foundation	foundation	NOUN
arjefm-1175	108	8	for	for	ADP
arjefm-1175	108	9	our	our	PRON
arjefm-1175	108	10	research	research	NOUN
arjefm-1175	108	11	.	.	PUNCT
arjefm-1175	109	1	dependency	dependency	NOUN
arjefm-1175	109	2	theory	theory	NOUN
arjefm-1175	109	3	conversely	conversely	ADV
arjefm-1175	109	4	,	,	PUNCT
arjefm-1175	109	5	proponents	proponent	NOUN
arjefm-1175	109	6	of	of	ADP
arjefm-1175	109	7	dependence	dependence	NOUN
arjefm-1175	109	8	theory	theory	NOUN
arjefm-1175	109	9	argue	argue	VERB
arjefm-1175	109	10	that	that	SCONJ
arjefm-1175	109	11	fdi	fdi	NOUN
arjefm-1175	109	12	can	can	AUX
arjefm-1175	109	13	hinder	hinder	VERB
arjefm-1175	109	14	economic	economic	ADJ
arjefm-1175	109	15	growth	growth	NOUN
arjefm-1175	109	16	.	.	PUNCT
arjefm-1175	110	1	rooted	root	VERB
arjefm-1175	110	2	in	in	ADP
arjefm-1175	110	3	marxist	marxist	ADJ
arjefm-1175	110	4	principles	principle	NOUN
arjefm-1175	110	5	,	,	PUNCT
arjefm-1175	110	6	this	this	DET
arjefm-1175	110	7	theory	theory	NOUN
arjefm-1175	110	8	posits	posit	VERB
arjefm-1175	110	9	that	that	SCONJ
arjefm-1175	110	10	globalization	globalization	NOUN
arjefm-1175	110	11	,	,	PUNCT
arjefm-1175	110	12	facilitated	facilitate	VERB
arjefm-1175	110	13	by	by	ADP
arjefm-1175	110	14	fdi	fdi	PROPN
arjefm-1175	110	15	,	,	PUNCT
arjefm-1175	110	16	can	can	AUX
arjefm-1175	110	17	exploit	exploit	VERB
arjefm-1175	110	18	developing	develop	VERB
arjefm-1175	110	19	countries	country	NOUN
arjefm-1175	110	20	through	through	ADP
arjefm-1175	110	21	the	the	DET
arjefm-1175	110	22	exploitation	exploitation	NOUN
arjefm-1175	110	23	of	of	ADP
arjefm-1175	110	24	cheap	cheap	ADJ
arjefm-1175	110	25	labour	labour	NOUN
arjefm-1175	110	26	,	,	PUNCT
arjefm-1175	110	27	the	the	DET
arjefm-1175	110	28	expansion	expansion	NOUN
arjefm-1175	110	29	of	of	ADP
arjefm-1175	110	30	foreign	foreign	ADJ
arjefm-1175	110	31	markets	market	NOUN
arjefm-1175	110	32	,	,	PUNCT
arjefm-1175	110	33	the	the	DET
arjefm-1175	110	34	imposition	imposition	NOUN
arjefm-1175	110	35	of	of	ADP
arjefm-1175	110	36	capitalist	capitalist	ADJ
arjefm-1175	110	37	systems	system	NOUN
arjefm-1175	110	38	,	,	PUNCT
arjefm-1175	110	39	the	the	DET
arjefm-1175	110	40	introduction	introduction	NOUN
arjefm-1175	110	41	of	of	ADP
arjefm-1175	110	42	outdated	outdated	ADJ
arjefm-1175	110	43	technology	technology	NOUN
arjefm-1175	110	44	,	,	PUNCT
arjefm-1175	110	45	and	and	CCONJ
arjefm-1175	110	46	the	the	DET
arjefm-1175	110	47	overexploitation	overexploitation	NOUN
arjefm-1175	110	48	of	of	ADP
arjefm-1175	110	49	natural	natural	ADJ
arjefm-1175	110	50	resources	resource	NOUN
arjefm-1175	110	51	(	(	PUNCT
arjefm-1175	110	52	asongu	asongu	VERB
arjefm-1175	110	53	et	et	PROPN
arjefm-1175	110	54	al	al	PROPN
arjefm-1175	110	55	.	.	PROPN
arjefm-1175	110	56	,	,	PUNCT
arjefm-1175	110	57	2021	2021	NUM
arjefm-1175	110	58	)	)	PUNCT
arjefm-1175	110	59	.	.	PUNCT
arjefm-1175	111	1	besides	besides	ADV
arjefm-1175	111	2	,	,	PUNCT
arjefm-1175	111	3	dependence	dependence	NOUN
arjefm-1175	111	4	theorists	theorist	NOUN
arjefm-1175	111	5	contend	contend	VERB
arjefm-1175	111	6	that	that	SCONJ
arjefm-1175	111	7	fdi	fdi	NOUN
arjefm-1175	111	8	can	can	AUX
arjefm-1175	111	9	foster	foster	VERB
arjefm-1175	111	10	collusion	collusion	NOUN
arjefm-1175	111	11	between	between	ADP
arjefm-1175	111	12	local	local	ADJ
arjefm-1175	111	13	elites	elite	NOUN
arjefm-1175	111	14	and	and	CCONJ
arjefm-1175	111	15	foreign	foreign	ADJ
arjefm-1175	111	16	investors	investor	NOUN
arjefm-1175	111	17	,	,	PUNCT
arjefm-1175	111	18	leading	lead	VERB
arjefm-1175	111	19	to	to	ADP
arjefm-1175	111	20	the	the	DET
arjefm-1175	111	21	exploitation	exploitation	NOUN
arjefm-1175	111	22	of	of	ADP
arjefm-1175	111	23	citizens	citizen	NOUN
arjefm-1175	111	24	.	.	PUNCT
arjefm-1175	112	1	they	they	PRON
arjefm-1175	112	2	also	also	ADV
arjefm-1175	112	3	argue	argue	VERB
arjefm-1175	112	4	that	that	SCONJ
arjefm-1175	112	5	fdi	fdi	NOUN
arjefm-1175	112	6	can	can	AUX
arjefm-1175	112	7	distort	distort	VERB
arjefm-1175	112	8	domestic	domestic	ADJ
arjefm-1175	112	9	investment	investment	NOUN
arjefm-1175	112	10	through	through	ADP
arjefm-1175	112	11	the	the	DET
arjefm-1175	112	12	introduction	introduction	NOUN
arjefm-1175	112	13	of	of	ADP
arjefm-1175	112	14	capital	capital	NOUN
arjefm-1175	112	15	-	-	PUNCT
arjefm-1175	112	16	intensive	intensive	ADJ
arjefm-1175	112	17	technologies	technology	NOUN
arjefm-1175	112	18	,	,	PUNCT
arjefm-1175	112	19	resulting	result	VERB
arjefm-1175	112	20	in	in	ADP
arjefm-1175	112	21	job	job	NOUN
arjefm-1175	112	22	losses	loss	NOUN
arjefm-1175	112	23	,	,	PUNCT
arjefm-1175	112	24	increased	increase	VERB
arjefm-1175	112	25	income	income	NOUN
arjefm-1175	112	26	inequality	inequality	NOUN
arjefm-1175	112	27	,	,	PUNCT
arjefm-1175	112	28	and	and	CCONJ
arjefm-1175	112	29	altered	alter	VERB
arjefm-1175	112	30	consumer	consumer	NOUN
arjefm-1175	112	31	preferences	preference	NOUN
arjefm-1175	112	32	.	.	PUNCT
arjefm-1175	113	1	additionally	additionally	ADV
arjefm-1175	113	2	,	,	PUNCT
arjefm-1175	113	3	dependence	dependence	NOUN
arjefm-1175	113	4	theorists	theorist	NOUN
arjefm-1175	113	5	emphasize	emphasize	VERB
arjefm-1175	113	6	that	that	SCONJ
arjefm-1175	113	7	fdi	fdi	NOUN
arjefm-1175	113	8	can	can	AUX
arjefm-1175	113	9	drain	drain	VERB
arjefm-1175	113	10	local	local	ADJ
arjefm-1175	113	11	economies	economy	NOUN
arjefm-1175	113	12	by	by	ADP
arjefm-1175	113	13	repatriating	repatriate	VERB
arjefm-1175	113	14	profits	profit	NOUN
arjefm-1175	113	15	to	to	ADP
arjefm-1175	113	16	the	the	DET
arjefm-1175	113	17	investor	investor	NOUN
arjefm-1175	113	18	's	's	PART
arjefm-1175	113	19	home	home	NOUN
arjefm-1175	113	20	country	country	NOUN
arjefm-1175	113	21	,	,	PUNCT
arjefm-1175	113	22	crowding	crowd	VERB
arjefm-1175	113	23	out	out	ADP
arjefm-1175	113	24	domestic	domestic	ADJ
arjefm-1175	113	25	investment	investment	NOUN
arjefm-1175	113	26	(	(	PUNCT
arjefm-1175	113	27	taylor	taylor	PROPN
arjefm-1175	113	28	&	&	CCONJ
arjefm-1175	113	29	thrift	thrift	PROPN
arjefm-1175	113	30	,	,	PUNCT
arjefm-1175	113	31	2013	2013	NUM
arjefm-1175	113	32	)	)	PUNCT
arjefm-1175	113	33	.	.	PUNCT
arjefm-1175	114	1	empirical	empirical	ADJ
arjefm-1175	114	2	review	review	NOUN
arjefm-1175	114	3	this	this	DET
arjefm-1175	114	4	study	study	NOUN
arjefm-1175	114	5	incorporates	incorporate	VERB
arjefm-1175	114	6	the	the	DET
arjefm-1175	114	7	findings	finding	NOUN
arjefm-1175	114	8	of	of	ADP
arjefm-1175	114	9	multiple	multiple	ADJ
arjefm-1175	114	10	empirical	empirical	ADJ
arjefm-1175	114	11	investigations	investigation	NOUN
arjefm-1175	114	12	examining	examine	VERB
arjefm-1175	114	13	the	the	DET
arjefm-1175	114	14	impact	impact	NOUN
arjefm-1175	114	15	of	of	ADP
arjefm-1175	114	16	fdi	fdi	PROPN
arjefm-1175	114	17	on	on	ADP
arjefm-1175	114	18	nigeria	nigeria	PROPN
arjefm-1175	114	19	's	's	PART
arjefm-1175	114	20	economic	economic	ADJ
arjefm-1175	114	21	growth	growth	NOUN
arjefm-1175	114	22	arranged	arrange	VERB
arjefm-1175	114	23	chronologically	chronologically	ADV
arjefm-1175	114	24	from	from	ADP
arjefm-1175	114	25	oldest	old	ADJ
arjefm-1175	114	26	to	to	ADP
arjefm-1175	114	27	newest	new	ADJ
arjefm-1175	114	28	.	.	PUNCT
arjefm-1175	115	1	garang	garang	PROPN
arjefm-1175	115	2	and	and	CCONJ
arjefm-1175	115	3	thiery	thiery	PROPN
arjefm-1175	115	4	(	(	PUNCT
arjefm-1175	115	5	2018	2018	NUM
arjefm-1175	115	6	)	)	PUNCT
arjefm-1175	115	7	analyzed	analyze	VERB
arjefm-1175	115	8	effect	effect	NOUN
arjefm-1175	115	9	of	of	ADP
arjefm-1175	115	10	foreign	foreign	ADJ
arjefm-1175	115	11	direct	direct	ADJ
arjefm-1175	115	12	investment	investment	NOUN
arjefm-1175	115	13	,	,	PUNCT
arjefm-1175	115	14	unemployment	unemployment	NOUN
arjefm-1175	115	15	on	on	ADP
arjefm-1175	115	16	economic	economic	ADJ
arjefm-1175	115	17	growth	growth	NOUN
arjefm-1175	115	18	in	in	ADP
arjefm-1175	115	19	uganda	uganda	PROPN
arjefm-1175	115	20	using	use	VERB
arjefm-1175	115	21	autoregressive	autoregressive	ADJ
arjefm-1175	115	22	distributed	distribute	VERB
arjefm-1175	115	23	lag	lag	NOUN
arjefm-1175	115	24	(	(	PUNCT
arjefm-1175	115	25	ardl	ardl	NOUN
arjefm-1175	115	26	)	)	PUNCT
arjefm-1175	115	27	bounds	bound	VERB
arjefm-1175	115	28	approach	approach	NOUN
arjefm-1175	115	29	and	and	CCONJ
arjefm-1175	115	30	gdp	gdp	PROPN
arjefm-1175	115	31	data	data	PROPN
arjefm-1175	115	32	series	series	PROPN
arjefm-1175	115	33	obtained	obtain	VERB
arjefm-1175	115	34	from	from	ADP
arjefm-1175	115	35	the	the	DET
arjefm-1175	115	36	world	world	NOUN
arjefm-1175	115	37	bankfrom	bankfrom	NOUN
arjefm-1175	115	38	1993	1993	NUM
arjefm-1175	115	39	to	to	ADP
arjefm-1175	115	40	2015	2015	NUM
arjefm-1175	115	41	.	.	PUNCT
arjefm-1175	116	1	findings	finding	NOUN
arjefm-1175	116	2	showed	show	VERB
arjefm-1175	116	3	no	no	DET
arjefm-1175	116	4	sufficient	sufficient	ADJ
arjefm-1175	116	5	statistical	statistical	ADJ
arjefm-1175	116	6	evidence	evidence	NOUN
arjefm-1175	116	7	to	to	PART
arjefm-1175	116	8	suggest	suggest	VERB
arjefm-1175	116	9	fdi	fdi	NOUN
arjefm-1175	116	10	played	play	VERB
arjefm-1175	116	11	significant	significant	ADJ
arjefm-1175	116	12	roles	role	NOUN
arjefm-1175	116	13	in	in	ADP
arjefm-1175	116	14	reducing	reduce	VERB
arjefm-1175	116	15	unemployment	unemployment	NOUN
arjefm-1175	116	16	and	and	CCONJ
arjefm-1175	116	17	boosting	boost	VERB
arjefm-1175	116	18	economic	economic	ADJ
arjefm-1175	116	19	growth	growth	NOUN
arjefm-1175	116	20	.	.	PUNCT
arjefm-1175	117	1	the	the	DET
arjefm-1175	117	2	short	short	ADJ
arjefm-1175	117	3	-	-	PUNCT
arjefm-1175	117	4	run	run	NOUN
arjefm-1175	117	5	and	and	CCONJ
arjefm-1175	117	6	long	long	ADV
arjefm-1175	117	7	-	-	PUNCT
arjefm-1175	117	8	run	run	NOUN
arjefm-1175	117	9	dynamics	dynamic	NOUN
arjefm-1175	117	10	of	of	ADP
arjefm-1175	117	11	the	the	DET
arjefm-1175	117	12	model	model	NOUN
arjefm-1175	117	13	did	do	AUX
arjefm-1175	117	14	not	not	PART
arjefm-1175	117	15	point	point	VERB
arjefm-1175	117	16	to	to	ADP
arjefm-1175	117	17	any	any	DET
arjefm-1175	117	18	statistically	statistically	ADV
arjefm-1175	117	19	significant	significant	ADJ
arjefm-1175	117	20	relationships	relationship	NOUN
arjefm-1175	117	21	.	.	PUNCT
arjefm-1175	118	1	okolie	okolie	NOUN
arjefm-1175	118	2	et	et	PROPN
arjefm-1175	118	3	al	al	PROPN
arjefm-1175	118	4	.	.	PROPN
arjefm-1175	119	1	(	(	PUNCT
arjefm-1175	119	2	2019	2019	NUM
arjefm-1175	119	3	)	)	PUNCT
arjefm-1175	119	4	examined	examine	VERB
arjefm-1175	119	5	the	the	DET
arjefm-1175	119	6	impact	impact	NOUN
arjefm-1175	119	7	of	of	ADP
arjefm-1175	119	8	fdi	fdi	NOUN
arjefm-1175	119	9	inflows	inflow	NOUN
arjefm-1175	119	10	on	on	ADP
arjefm-1175	119	11	nigeria	nigeria	PROPN
arjefm-1175	119	12	's	's	PART
arjefm-1175	119	13	economy	economy	NOUN
arjefm-1175	119	14	from	from	ADP
arjefm-1175	119	15	1984	1984	NUM
arjefm-1175	119	16	to	to	ADP
arjefm-1175	119	17	2017	2017	NUM
arjefm-1175	119	18	.	.	PUNCT
arjefm-1175	120	1	the	the	DET
arjefm-1175	120	2	cbn	cbn	PROPN
arjefm-1175	120	3	statistical	statistical	ADJ
arjefm-1175	120	4	bulletin	bulletin	NOUN
arjefm-1175	120	5	provided	provide	VERB
arjefm-1175	120	6	the	the	DET
arjefm-1175	120	7	annual	annual	ADJ
arjefm-1175	120	8	time	time	NOUN
arjefm-1175	120	9	series	series	PROPN
arjefm-1175	120	10	data	data	PROPN
arjefm-1175	120	11	,	,	PUNCT
arjefm-1175	120	12	which	which	PRON
arjefm-1175	120	13	was	be	AUX
arjefm-1175	120	14	analyzed	analyze	VERB
arjefm-1175	120	15	using	use	VERB
arjefm-1175	120	16	the	the	DET
arjefm-1175	120	17	vector	vector	NOUN
arjefm-1175	120	18	autoregressive	autoregressive	ADJ
arjefm-1175	120	19	(	(	PUNCT
arjefm-1175	120	20	var	var	NOUN
arjefm-1175	120	21	)	)	PUNCT
arjefm-1175	120	22	method	method	NOUN
arjefm-1175	120	23	.	.	PUNCT
arjefm-1175	121	1	the	the	DET
arjefm-1175	121	2	results	result	NOUN
arjefm-1175	121	3	indicated	indicate	VERB
arjefm-1175	121	4	that	that	SCONJ
arjefm-1175	121	5	during	during	ADP
arjefm-1175	121	6	the	the	DET
arjefm-1175	121	7	military	military	ADJ
arjefm-1175	121	8	era	era	NOUN
arjefm-1175	121	9	of	of	ADP
arjefm-1175	121	10	1984	1984	NUM
arjefm-1175	121	11	to	to	ADP
arjefm-1175	121	12	1998	1998	NUM
arjefm-1175	121	13	,	,	PUNCT
arjefm-1175	121	14	foreign	foreign	ADJ
arjefm-1175	121	15	direct	direct	ADJ
arjefm-1175	121	16	investment	investment	NOUN
arjefm-1175	121	17	(	(	PUNCT
arjefm-1175	121	18	fdi	fdi	NOUN
arjefm-1175	121	19	)	)	PUNCT
arjefm-1175	121	20	had	have	VERB
arjefm-1175	121	21	a	a	DET
arjefm-1175	121	22	positive	positive	ADJ
arjefm-1175	121	23	but	but	CCONJ
arjefm-1175	121	24	non	non	ADJ
arjefm-1175	121	25	-	-	ADJ
arjefm-1175	121	26	significant	significant	ADJ
arjefm-1175	121	27	impact	impact	NOUN
arjefm-1175	121	28	on	on	ADP
arjefm-1175	121	29	gdp	gdp	NOUN
arjefm-1175	121	30	.	.	PUNCT
arjefm-1175	122	1	additionally	additionally	ADV
arjefm-1175	122	2	,	,	PUNCT
arjefm-1175	122	3	during	during	ADP
arjefm-1175	122	4	nigeria	nigeria	PROPN
arjefm-1175	122	5	's	's	PART
arjefm-1175	122	6	eighteen	eighteen	NUM
arjefm-1175	122	7	years	year	NOUN
arjefm-1175	122	8	of	of	ADP
arjefm-1175	122	9	uninterrupted	uninterrupted	ADJ
arjefm-1175	122	10	democracy	democracy	NOUN
arjefm-1175	122	11	(	(	PUNCT
arjefm-1175	122	12	1999–2017	1999–2017	NUM
arjefm-1175	122	13	)	)	PUNCT
arjefm-1175	122	14	,	,	PUNCT
arjefm-1175	122	15	fdi	fdi	NOUN
arjefm-1175	122	16	had	have	VERB
arjefm-1175	122	17	a	a	DET
arjefm-1175	122	18	negative	negative	ADJ
arjefm-1175	122	19	and	and	CCONJ
arjefm-1175	122	20	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	122	21	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	122	22	american	american	PROPN
arjefm-1175	122	23	research	research	PROPN
arjefm-1175	122	24	journal	journal	PROPN
arjefm-1175	122	25	of	of	ADP
arjefm-1175	122	26	economics	economic	NOUN
arjefm-1175	122	27	,	,	PUNCT
arjefm-1175	122	28	finance	finance	NOUN
arjefm-1175	122	29	and	and	CCONJ
arjefm-1175	122	30	management	management	NOUN
arjefm-1175	122	31	volume	volume	NOUN
arjefm-1175	122	32	13	13	NUM
arjefm-1175	122	33	issue	issue	NOUN
arjefm-1175	122	34	1	1	NUM
arjefm-1175	122	35	,	,	PUNCT
arjefm-1175	122	36	january	january	PROPN
arjefm-1175	122	37	-	-	PUNCT
arjefm-1175	122	38	march	march	PROPN
arjefm-1175	122	39	2025	2025	NUM
arjefm-1175	122	40	issn	issn	NOUN
arjefm-1175	122	41	:	:	PUNCT
arjefm-1175	122	42	2836	2836	NUM
arjefm-1175	122	43	-	-	SYM
arjefm-1175	122	44	9416	9416	NUM
arjefm-1175	122	45	impact	impact	NOUN
arjefm-1175	122	46	factor	factor	NOUN
arjefm-1175	122	47	:	:	PUNCT
arjefm-1175	122	48	6.41	6.41	NUM
arjefm-1175	122	49	journal	journal	NOUN
arjefm-1175	122	50	homepage	homepage	NOUN
arjefm-1175	122	51	:	:	PUNCT
arjefm-1175	122	52	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	122	53	,	,	PUNCT
arjefm-1175	122	54	email	email	NOUN
arjefm-1175	122	55	:	:	PUNCT
arjefm-1175	122	56	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	122	57	official	official	ADJ
arjefm-1175	122	58	journal	journal	PROPN
arjefm-1175	122	59	of	of	ADP
arjefm-1175	122	60	america	america	PROPN
arjefm-1175	122	61	serial	serial	PROPN
arjefm-1175	122	62	publication	publication	NOUN
arjefm-1175	122	63	american	american	PROPN
arjefm-1175	122	64	research	research	PROPN
arjefm-1175	122	65	journal	journal	PROPN
arjefm-1175	122	66	of	of	ADP
arjefm-1175	122	67	economics	economic	NOUN
arjefm-1175	122	68	,	,	PUNCT
arjefm-1175	122	69	finance	finance	NOUN
arjefm-1175	122	70	and	and	CCONJ
arjefm-1175	122	71	management	management	NOUN
arjefm-1175	122	72	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	122	73	,	,	PUNCT
arjefm-1175	122	74	email	email	NOUN
arjefm-1175	122	75	:	:	PUNCT
arjefm-1175	122	76	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	123	1	181	181	NUM
arjefm-1175	124	1	|	|	ADV
arjefm-1175	124	2	p	p	X
arjefm-1175	124	3	a	a	DET
arjefm-1175	124	4	g	g	NOUN
arjefm-1175	124	5	e	e	NOUN
arjefm-1175	124	6	non	non	ADJ
arjefm-1175	124	7	-	-	ADJ
arjefm-1175	124	8	significant	significant	ADJ
arjefm-1175	124	9	impact	impact	NOUN
arjefm-1175	124	10	on	on	ADP
arjefm-1175	124	11	gdp	gdp	PROPN
arjefm-1175	124	12	.	.	PUNCT
arjefm-1175	125	1	according	accord	VERB
arjefm-1175	125	2	to	to	ADP
arjefm-1175	125	3	the	the	DET
arjefm-1175	125	4	study	study	NOUN
arjefm-1175	125	5	's	's	PART
arjefm-1175	125	6	findings	finding	NOUN
arjefm-1175	125	7	,	,	PUNCT
arjefm-1175	125	8	foreign	foreign	ADJ
arjefm-1175	125	9	direct	direct	ADJ
arjefm-1175	125	10	investment	investment	NOUN
arjefm-1175	125	11	(	(	PUNCT
arjefm-1175	125	12	fdi	fdi	NOUN
arjefm-1175	125	13	)	)	PUNCT
arjefm-1175	125	14	has	have	VERB
arjefm-1175	125	15	the	the	DET
arjefm-1175	125	16	potential	potential	NOUN
arjefm-1175	125	17	to	to	PART
arjefm-1175	125	18	significantly	significantly	ADV
arjefm-1175	125	19	impact	impact	VERB
arjefm-1175	125	20	nigeria	nigeria	PROPN
arjefm-1175	125	21	's	's	PART
arjefm-1175	125	22	growth	growth	NOUN
arjefm-1175	125	23	and	and	CCONJ
arjefm-1175	125	24	development	development	NOUN
arjefm-1175	125	25	.	.	PUNCT
arjefm-1175	126	1	trang	trang	PROPN
arjefm-1175	126	2	,	,	PUNCT
arjefm-1175	126	3	et	et	PROPN
arjefm-1175	126	4	al	al	PROPN
arjefm-1175	126	5	.	.	PROPN
arjefm-1175	127	1	(	(	PUNCT
arjefm-1175	127	2	2019	2019	NUM
arjefm-1175	127	3	)	)	PUNCT
arjefm-1175	127	4	analyzed	analyze	VERB
arjefm-1175	127	5	both	both	CCONJ
arjefm-1175	127	6	the	the	DET
arjefm-1175	127	7	short	short	ADJ
arjefm-1175	127	8	and	and	CCONJ
arjefm-1175	127	9	long	long	ADJ
arjefm-1175	127	10	run	run	NOUN
arjefm-1175	127	11	impact	impact	NOUN
arjefm-1175	127	12	of	of	ADP
arjefm-1175	127	13	fdi	fdi	NOUN
arjefm-1175	127	14	on	on	ADP
arjefm-1175	127	15	economic	economic	ADJ
arjefm-1175	127	16	growth	growth	NOUN
arjefm-1175	127	17	in	in	ADP
arjefm-1175	127	18	developing	develop	VERB
arjefm-1175	127	19	countries	country	NOUN
arjefm-1175	127	20	(	(	PUNCT
arjefm-1175	127	21	lower	lower	ADV
arjefm-1175	127	22	-	-	PUNCT
arjefm-1175	127	23	middle	middle	ADJ
arjefm-1175	127	24	)	)	PUNCT
arjefm-1175	127	25	income	income	NOUN
arjefm-1175	127	26	group	group	NOUN
arjefm-1175	127	27	for	for	ADP
arjefm-1175	127	28	the	the	DET
arjefm-1175	127	29	period	period	NOUN
arjefm-1175	127	30	2000	2000	NUM
arjefm-1175	127	31	-	-	SYM
arjefm-1175	127	32	2014	2014	NUM
arjefm-1175	127	33	using	use	VERB
arjefm-1175	127	34	vector	vector	NOUN
arjefm-1175	127	35	error	error	NOUN
arjefm-1175	127	36	correction	correction	NOUN
arjefm-1175	127	37	model	model	NOUN
arjefm-1175	127	38	(	(	PUNCT
arjefm-1175	127	39	vecm	vecm	NOUN
arjefm-1175	127	40	)	)	PUNCT
arjefm-1175	127	41	and	and	CCONJ
arjefm-1175	127	42	fully	fully	ADV
arjefm-1175	127	43	modified	modify	VERB
arjefm-1175	127	44	ols	ol	NOUN
arjefm-1175	127	45	(	(	PUNCT
arjefm-1175	127	46	fmols	fmol	NOUN
arjefm-1175	127	47	)	)	PUNCT
arjefm-1175	127	48	.	.	PUNCT
arjefm-1175	128	1	findings	finding	NOUN
arjefm-1175	128	2	revealed	reveal	VERB
arjefm-1175	128	3	that	that	SCONJ
arjefm-1175	128	4	fdi	fdi	NOUN
arjefm-1175	128	5	stimulated	stimulate	VERB
arjefm-1175	128	6	growth	growth	NOUN
arjefm-1175	128	7	in	in	ADP
arjefm-1175	128	8	the	the	DET
arjefm-1175	128	9	long	long	ADJ
arjefm-1175	128	10	run	run	NOUN
arjefm-1175	128	11	,	,	PUNCT
arjefm-1175	128	12	although	although	SCONJ
arjefm-1175	128	13	it	it	PRON
arjefm-1175	128	14	exhibited	exhibit	VERB
arjefm-1175	128	15	a	a	DET
arjefm-1175	128	16	negative	negative	ADJ
arjefm-1175	128	17	impact	impact	NOUN
arjefm-1175	128	18	on	on	ADP
arjefm-1175	128	19	economic	economic	ADJ
arjefm-1175	128	20	growth	growth	NOUN
arjefm-1175	128	21	in	in	ADP
arjefm-1175	128	22	the	the	DET
arjefm-1175	128	23	short	short	ADJ
arjefm-1175	128	24	run	run	NOUN
arjefm-1175	128	25	in	in	ADP
arjefm-1175	128	26	some	some	DET
arjefm-1175	128	27	selected	select	VERB
arjefm-1175	128	28	developing	develop	VERB
arjefm-1175	128	29	countries	country	NOUN
arjefm-1175	128	30	under	under	ADP
arjefm-1175	128	31	review	review	NOUN
arjefm-1175	128	32	.	.	PUNCT
arjefm-1175	129	1	alabi	alabi	NOUN
arjefm-1175	129	2	(	(	PUNCT
arjefm-1175	129	3	2019	2019	NUM
arjefm-1175	129	4	)	)	PUNCT
arjefm-1175	129	5	explored	explore	VERB
arjefm-1175	129	6	impact	impact	NOUN
arjefm-1175	129	7	of	of	ADP
arjefm-1175	129	8	foreign	foreign	ADJ
arjefm-1175	129	9	direct	direct	ADJ
arjefm-1175	129	10	investment	investment	NOUN
arjefm-1175	129	11	on	on	ADP
arjefm-1175	129	12	economic	economic	ADJ
arjefm-1175	129	13	growth	growth	NOUN
arjefm-1175	129	14	in	in	ADP
arjefm-1175	129	15	nigeria	nigeria	PROPN
arjefm-1175	129	16	.	.	PUNCT
arjefm-1175	130	1	secondary	secondary	ADJ
arjefm-1175	130	2	source	source	NOUN
arjefm-1175	130	3	of	of	ADP
arjefm-1175	130	4	data	datum	NOUN
arjefm-1175	130	5	was	be	AUX
arjefm-1175	130	6	employed	employ	VERB
arjefm-1175	130	7	in	in	ADP
arjefm-1175	130	8	this	this	DET
arjefm-1175	130	9	study	study	NOUN
arjefm-1175	130	10	from	from	ADP
arjefm-1175	130	11	1986	1986	NUM
arjefm-1175	130	12	to	to	ADP
arjefm-1175	130	13	2017	2017	NUM
arjefm-1175	130	14	sourced	source	VERB
arjefm-1175	130	15	from	from	ADP
arjefm-1175	130	16	central	central	ADJ
arjefm-1175	130	17	bank	bank	PROPN
arjefm-1175	130	18	of	of	ADP
arjefm-1175	130	19	nigeria	nigeria	PROPN
arjefm-1175	130	20	statistical	statistical	ADJ
arjefm-1175	130	21	bulletin	bulletin	NOUN
arjefm-1175	130	22	and	and	CCONJ
arjefm-1175	130	23	world	world	NOUN
arjefm-1175	130	24	development	development	PROPN
arjefm-1175	130	25	indicator	indicator	NOUN
arjefm-1175	130	26	.	.	PUNCT
arjefm-1175	131	1	regression	regression	NOUN
arjefm-1175	131	2	was	be	AUX
arjefm-1175	131	3	used	use	VERB
arjefm-1175	131	4	as	as	ADP
arjefm-1175	131	5	estimation	estimation	NOUN
arjefm-1175	131	6	techniques	technique	NOUN
arjefm-1175	131	7	.	.	PUNCT
arjefm-1175	132	1	findings	finding	NOUN
arjefm-1175	132	2	of	of	ADP
arjefm-1175	132	3	the	the	DET
arjefm-1175	132	4	study	study	NOUN
arjefm-1175	132	5	revealed	reveal	VERB
arjefm-1175	132	6	fdi	fdi	NOUN
arjefm-1175	132	7	was	be	AUX
arjefm-1175	132	8	positive	positive	ADJ
arjefm-1175	132	9	and	and	CCONJ
arjefm-1175	132	10	significant	significant	ADJ
arjefm-1175	132	11	to	to	ADP
arjefm-1175	132	12	economic	economic	ADJ
arjefm-1175	132	13	growth	growth	NOUN
arjefm-1175	132	14	of	of	ADP
arjefm-1175	132	15	nigeria	nigeria	PROPN
arjefm-1175	132	16	within	within	ADP
arjefm-1175	132	17	the	the	DET
arjefm-1175	132	18	period	period	NOUN
arjefm-1175	132	19	of	of	ADP
arjefm-1175	132	20	study	study	NOUN
arjefm-1175	132	21	.	.	PUNCT
arjefm-1175	133	1	abdillahi	abdillahi	NOUN
arjefm-1175	133	2	and	and	CCONJ
arjefm-1175	133	3	mohd	mohd	PROPN
arjefm-1175	133	4	(	(	PUNCT
arjefm-1175	133	5	2021	2021	NUM
arjefm-1175	133	6	)	)	PUNCT
arjefm-1175	133	7	explored	explore	VERB
arjefm-1175	133	8	impact	impact	NOUN
arjefm-1175	133	9	of	of	ADP
arjefm-1175	133	10	foreign	foreign	ADJ
arjefm-1175	133	11	direct	direct	ADJ
arjefm-1175	133	12	investment	investment	NOUN
arjefm-1175	133	13	inflows	inflow	NOUN
arjefm-1175	133	14	on	on	ADP
arjefm-1175	133	15	ethiopia	ethiopia	PROPN
arjefm-1175	133	16	’s	’s	PART
arjefm-1175	133	17	economic	economic	ADJ
arjefm-1175	133	18	growth	growth	NOUN
arjefm-1175	133	19	using	use	VERB
arjefm-1175	133	20	36	36	NUM
arjefm-1175	133	21	years	year	NOUN
arjefm-1175	133	22	’	’	PART
arjefm-1175	133	23	time	time	NOUN
arjefm-1175	133	24	series	series	PROPN
arjefm-1175	133	25	data	data	PROPN
arjefm-1175	133	26	.	.	PUNCT
arjefm-1175	134	1	vector	vector	NOUN
arjefm-1175	134	2	auto	auto	NOUN
arjefm-1175	134	3	regression	regression	NOUN
arjefm-1175	134	4	(	(	PUNCT
arjefm-1175	134	5	var	var	NOUN
arjefm-1175	134	6	)	)	PUNCT
arjefm-1175	134	7	model	model	NOUN
arjefm-1175	134	8	found	find	VERB
arjefm-1175	134	9	fdi	fdi	PROPN
arjefm-1175	134	10	to	to	PART
arjefm-1175	134	11	have	have	VERB
arjefm-1175	134	12	a	a	DET
arjefm-1175	134	13	positive	positive	ADJ
arjefm-1175	134	14	and	and	CCONJ
arjefm-1175	134	15	significant	significant	ADJ
arjefm-1175	134	16	effect	effect	NOUN
arjefm-1175	134	17	on	on	ADP
arjefm-1175	134	18	gdp	gdp	NOUN
arjefm-1175	134	19	advancement	advancement	NOUN
arjefm-1175	134	20	.	.	PUNCT
arjefm-1175	135	1	ofori	ofori	ADV
arjefm-1175	135	2	and	and	CCONJ
arjefm-1175	135	3	asongu	asongu	PROPN
arjefm-1175	135	4	(	(	PUNCT
arjefm-1175	135	5	2022	2022	NUM
arjefm-1175	135	6	)	)	PUNCT
arjefm-1175	135	7	conducted	conduct	VERB
arjefm-1175	135	8	a	a	DET
arjefm-1175	135	9	panel	panel	NOUN
arjefm-1175	135	10	data	datum	NOUN
arjefm-1175	135	11	estimation	estimation	NOUN
arjefm-1175	135	12	in	in	ADP
arjefm-1175	135	13	sub	sub	ADJ
arjefm-1175	135	14	-	-	ADJ
arjefm-1175	135	15	saharan	saharan	ADJ
arjefm-1175	135	16	africa	africa	PROPN
arjefm-1175	135	17	for	for	ADP
arjefm-1175	135	18	the	the	DET
arjefm-1175	135	19	period	period	NOUN
arjefm-1175	135	20	,	,	PUNCT
arjefm-1175	135	21	1990	1990	NUM
arjefm-1175	135	22	-	-	SYM
arjefm-1175	135	23	2020	2020	NUM
arjefm-1175	135	24	based	base	VERB
arjefm-1175	135	25	on	on	ADP
arjefm-1175	135	26	a	a	DET
arjefm-1175	135	27	generalized	generalized	ADJ
arjefm-1175	135	28	method	method	NOUN
arjefm-1175	135	29	of	of	ADP
arjefm-1175	135	30	moments	moment	NOUN
arjefm-1175	135	31	(	(	PUNCT
arjefm-1175	135	32	gmm	gmm	NOUN
arjefm-1175	135	33	)	)	PUNCT
arjefm-1175	135	34	estimator	estimator	NOUN
arjefm-1175	135	35	.	.	PUNCT
arjefm-1175	136	1	from	from	ADP
arjefm-1175	136	2	the	the	DET
arjefm-1175	136	3	result	result	NOUN
arjefm-1175	136	4	,	,	PUNCT
arjefm-1175	136	5	fdi	fdi	NOUN
arjefm-1175	136	6	was	be	AUX
arjefm-1175	136	7	able	able	ADJ
arjefm-1175	136	8	to	to	PART
arjefm-1175	136	9	generate	generate	VERB
arjefm-1175	136	10	economic	economic	ADJ
arjefm-1175	136	11	growth	growth	NOUN
arjefm-1175	136	12	in	in	ADP
arjefm-1175	136	13	both	both	CCONJ
arjefm-1175	136	14	the	the	DET
arjefm-1175	136	15	long	long	ADV
arjefm-1175	136	16	-	-	PUNCT
arjefm-1175	136	17	run	run	VERB
arjefm-1175	136	18	and	and	CCONJ
arjefm-1175	136	19	short	short	ADJ
arjefm-1175	136	20	-	-	PUNCT
arjefm-1175	136	21	run	run	NOUN
arjefm-1175	136	22	.	.	PUNCT
arjefm-1175	137	1	however	however	ADV
arjefm-1175	137	2	,	,	PUNCT
arjefm-1175	137	3	the	the	DET
arjefm-1175	137	4	study	study	NOUN
arjefm-1175	137	5	noted	note	VERB
arjefm-1175	137	6	most	most	ADJ
arjefm-1175	137	7	of	of	ADP
arjefm-1175	137	8	the	the	DET
arjefm-1175	137	9	positive	positive	ADJ
arjefm-1175	137	10	effect	effect	NOUN
arjefm-1175	137	11	results	result	NOUN
arjefm-1175	137	12	depended	depend	VERB
arjefm-1175	137	13	on	on	ADP
arjefm-1175	137	14	the	the	DET
arjefm-1175	137	15	country	country	NOUN
arjefm-1175	137	16	's	's	PART
arjefm-1175	137	17	governance	governance	NOUN
arjefm-1175	137	18	dynamics	dynamic	NOUN
arjefm-1175	137	19	.	.	PUNCT
arjefm-1175	138	1	the	the	DET
arjefm-1175	138	2	study	study	NOUN
arjefm-1175	138	3	concluded	conclude	VERB
arjefm-1175	138	4	that	that	SCONJ
arjefm-1175	138	5	a	a	DET
arjefm-1175	138	6	country	country	NOUN
arjefm-1175	138	7	with	with	ADP
arjefm-1175	138	8	strong	strong	ADJ
arjefm-1175	138	9	institutional	institutional	ADJ
arjefm-1175	138	10	and	and	CCONJ
arjefm-1175	138	11	governance	governance	NOUN
arjefm-1175	138	12	quality	quality	NOUN
arjefm-1175	138	13	would	would	AUX
arjefm-1175	138	14	gain	gain	VERB
arjefm-1175	138	15	more	more	ADV
arjefm-1175	138	16	from	from	ADP
arjefm-1175	138	17	fdi	fdi	ADJ
arjefm-1175	138	18	inflow	inflow	NOUN
arjefm-1175	138	19	and	and	CCONJ
arjefm-1175	138	20	thus	thus	ADV
arjefm-1175	138	21	grow	grow	VERB
arjefm-1175	138	22	its	its	PRON
arjefm-1175	138	23	economy	economy	NOUN
arjefm-1175	138	24	.	.	PUNCT
arjefm-1175	139	1	mwitta	mwitta	PROPN
arjefm-1175	139	2	(	(	PUNCT
arjefm-1175	139	3	2022	2022	NUM
arjefm-1175	139	4	)	)	PUNCT
arjefm-1175	139	5	examined	examine	VERB
arjefm-1175	139	6	impact	impact	NOUN
arjefm-1175	139	7	of	of	ADP
arjefm-1175	139	8	foreign	foreign	ADJ
arjefm-1175	139	9	direct	direct	ADJ
arjefm-1175	139	10	investment	investment	NOUN
arjefm-1175	139	11	on	on	ADP
arjefm-1175	139	12	economic	economic	ADJ
arjefm-1175	139	13	growth	growth	NOUN
arjefm-1175	139	14	in	in	ADP
arjefm-1175	139	15	tanzania	tanzania	PROPN
arjefm-1175	139	16	spanning	span	VERB
arjefm-1175	139	17	from	from	ADP
arjefm-1175	139	18	1990	1990	NUM
arjefm-1175	139	19	to	to	ADP
arjefm-1175	139	20	2020	2020	NUM
arjefm-1175	139	21	using	use	VERB
arjefm-1175	139	22	vector	vector	NOUN
arjefm-1175	139	23	error	error	NOUN
arjefm-1175	139	24	correction	correction	NOUN
arjefm-1175	139	25	model	model	NOUN
arjefm-1175	139	26	(	(	PUNCT
arjefm-1175	139	27	vecm	vecm	NOUN
arjefm-1175	139	28	)	)	PUNCT
arjefm-1175	139	29	.	.	PUNCT
arjefm-1175	140	1	results	result	NOUN
arjefm-1175	140	2	of	of	ADP
arjefm-1175	140	3	the	the	DET
arjefm-1175	140	4	study	study	NOUN
arjefm-1175	140	5	showed	show	VERB
arjefm-1175	140	6	a	a	DET
arjefm-1175	140	7	statistically	statistically	ADV
arjefm-1175	140	8	significant	significant	ADJ
arjefm-1175	140	9	positive	positive	ADJ
arjefm-1175	140	10	association	association	NOUN
arjefm-1175	140	11	between	between	ADP
arjefm-1175	140	12	real	real	ADJ
arjefm-1175	140	13	gdp	gdp	NOUN
arjefm-1175	140	14	growth	growth	NOUN
arjefm-1175	140	15	rate	rate	NOUN
arjefm-1175	140	16	and	and	CCONJ
arjefm-1175	140	17	fdi	fdi	ADJ
arjefm-1175	140	18	inflow	inflow	NOUN
arjefm-1175	140	19	to	to	ADP
arjefm-1175	140	20	gdp	gdp	NOUN
arjefm-1175	140	21	ratio	ratio	NOUN
arjefm-1175	140	22	.	.	PUNCT
arjefm-1175	141	1	on	on	ADP
arjefm-1175	141	2	the	the	DET
arjefm-1175	141	3	other	other	ADJ
arjefm-1175	141	4	hand	hand	NOUN
arjefm-1175	141	5	,	,	PUNCT
arjefm-1175	141	6	the	the	DET
arjefm-1175	141	7	study	study	NOUN
arjefm-1175	141	8	revealed	reveal	VERB
arjefm-1175	141	9	a	a	DET
arjefm-1175	141	10	negative	negative	ADJ
arjefm-1175	141	11	correlation	correlation	NOUN
arjefm-1175	141	12	between	between	ADP
arjefm-1175	141	13	gross	gross	ADJ
arjefm-1175	141	14	fixed	fix	VERB
arjefm-1175	141	15	capital	capital	NOUN
arjefm-1175	141	16	formation	formation	NOUN
arjefm-1175	141	17	to	to	ADP
arjefm-1175	141	18	gdp	gdp	NOUN
arjefm-1175	141	19	ratio	ratio	NOUN
arjefm-1175	141	20	and	and	CCONJ
arjefm-1175	141	21	real	real	ADJ
arjefm-1175	141	22	gdp	gdp	NOUN
arjefm-1175	141	23	growth	growth	NOUN
arjefm-1175	141	24	rate	rate	NOUN
arjefm-1175	141	25	which	which	PRON
arjefm-1175	141	26	might	might	AUX
arjefm-1175	141	27	be	be	AUX
arjefm-1175	141	28	caused	cause	VERB
arjefm-1175	141	29	by	by	ADP
arjefm-1175	141	30	current	current	ADJ
arjefm-1175	141	31	situation	situation	NOUN
arjefm-1175	141	32	of	of	ADP
arjefm-1175	141	33	public	public	ADJ
arjefm-1175	141	34	investment	investment	NOUN
arjefm-1175	141	35	.	.	PUNCT
arjefm-1175	142	1	bashir	bashir	PROPN
arjefm-1175	142	2	(	(	PUNCT
arjefm-1175	142	3	(	(	PUNCT
arjefm-1175	142	4	2022	2022	NUM
arjefm-1175	142	5	)	)	PUNCT
arjefm-1175	142	6	analyzed	analyze	VERB
arjefm-1175	142	7	effect	effect	NOUN
arjefm-1175	142	8	of	of	ADP
arjefm-1175	142	9	fdi	fdi	NOUN
arjefm-1175	142	10	on	on	ADP
arjefm-1175	142	11	economic	economic	ADJ
arjefm-1175	142	12	growth	growth	NOUN
arjefm-1175	142	13	in	in	ADP
arjefm-1175	142	14	nigeria	nigeria	PROPN
arjefm-1175	142	15	for	for	ADP
arjefm-1175	142	16	the	the	DET
arjefm-1175	142	17	period	period	NOUN
arjefm-1175	142	18	,	,	PUNCT
arjefm-1175	142	19	1986	1986	NUM
arjefm-1175	142	20	-	-	SYM
arjefm-1175	142	21	2020	2020	NUM
arjefm-1175	142	22	taking	take	VERB
arjefm-1175	142	23	into	into	ADP
arjefm-1175	142	24	cognizance	cognizance	NOUN
arjefm-1175	142	25	effect	effect	NOUN
arjefm-1175	142	26	of	of	ADP
arjefm-1175	142	27	exchange	exchange	NOUN
arjefm-1175	142	28	rate	rate	NOUN
arjefm-1175	142	29	in	in	ADP
arjefm-1175	142	30	relationship	relationship	NOUN
arjefm-1175	142	31	between	between	ADP
arjefm-1175	142	32	fdi	fdi	PROPN
arjefm-1175	142	33	and	and	CCONJ
arjefm-1175	142	34	economic	economic	ADJ
arjefm-1175	142	35	growth	growth	NOUN
arjefm-1175	142	36	using	use	VERB
arjefm-1175	142	37	annual	annual	ADJ
arjefm-1175	142	38	time	time	NOUN
arjefm-1175	142	39	series	series	PROPN
arjefm-1175	142	40	data	datum	NOUN
arjefm-1175	142	41	sourced	source	VERB
arjefm-1175	142	42	from	from	ADP
arjefm-1175	142	43	databases	database	NOUN
arjefm-1175	142	44	of	of	ADP
arjefm-1175	142	45	world	world	PROPN
arjefm-1175	142	46	development	development	PROPN
arjefm-1175	142	47	indicator	indicator	NOUN
arjefm-1175	142	48	(	(	PUNCT
arjefm-1175	142	49	wdi	wdi	PROPN
arjefm-1175	142	50	)	)	PUNCT
arjefm-1175	142	51	of	of	ADP
arjefm-1175	142	52	world	world	PROPN
arjefm-1175	142	53	bank	bank	PROPN
arjefm-1175	142	54	and	and	CCONJ
arjefm-1175	142	55	central	central	ADJ
arjefm-1175	142	56	bank	bank	PROPN
arjefm-1175	142	57	of	of	ADP
arjefm-1175	142	58	nigeria	nigeria	PROPN
arjefm-1175	142	59	(	(	PUNCT
arjefm-1175	142	60	cbn	cbn	PROPN
arjefm-1175	142	61	)	)	PUNCT
arjefm-1175	142	62	statistical	statistical	ADJ
arjefm-1175	142	63	bulletin	bulletin	NOUN
arjefm-1175	142	64	.	.	PUNCT
arjefm-1175	143	1	autoregressive	autoregressive	ADJ
arjefm-1175	143	2	distributed	distribute	VERB
arjefm-1175	143	3	lag	lag	NOUN
arjefm-1175	143	4	(	(	PUNCT
arjefm-1175	143	5	ardl	ardl	NOUN
arjefm-1175	143	6	)	)	PUNCT
arjefm-1175	143	7	model	model	NOUN
arjefm-1175	143	8	was	be	AUX
arjefm-1175	143	9	employed	employ	VERB
arjefm-1175	143	10	for	for	ADP
arjefm-1175	143	11	analysis	analysis	NOUN
arjefm-1175	143	12	.	.	PUNCT
arjefm-1175	144	1	findings	finding	NOUN
arjefm-1175	144	2	showed	show	VERB
arjefm-1175	144	3	fdi	fdi	NOUN
arjefm-1175	144	4	had	have	VERB
arjefm-1175	144	5	a	a	DET
arjefm-1175	144	6	positive	positive	ADJ
arjefm-1175	144	7	and	and	CCONJ
arjefm-1175	144	8	significant	significant	ADJ
arjefm-1175	144	9	effect	effect	NOUN
arjefm-1175	144	10	on	on	ADP
arjefm-1175	144	11	economic	economic	ADJ
arjefm-1175	144	12	growth	growth	NOUN
arjefm-1175	144	13	.	.	PUNCT
arjefm-1175	145	1	exchange	exchange	NOUN
arjefm-1175	145	2	rate	rate	NOUN
arjefm-1175	145	3	also	also	ADV
arjefm-1175	145	4	had	have	VERB
arjefm-1175	145	5	a	a	DET
arjefm-1175	145	6	positive	positive	ADJ
arjefm-1175	145	7	and	and	CCONJ
arjefm-1175	145	8	significant	significant	ADJ
arjefm-1175	145	9	effect	effect	NOUN
arjefm-1175	145	10	on	on	ADP
arjefm-1175	145	11	economic	economic	ADJ
arjefm-1175	145	12	growth	growth	NOUN
arjefm-1175	145	13	.	.	PUNCT
arjefm-1175	146	1	the	the	DET
arjefm-1175	146	2	implied	imply	VERB
arjefm-1175	146	3	growth	growth	NOUN
arjefm-1175	146	4	effect	effect	NOUN
arjefm-1175	146	5	of	of	ADP
arjefm-1175	146	6	fdi	fdi	NOUN
arjefm-1175	146	7	was	be	AUX
arjefm-1175	146	8	influenced	influence	VERB
arjefm-1175	146	9	by	by	ADP
arjefm-1175	146	10	a	a	DET
arjefm-1175	146	11	stable	stable	ADJ
arjefm-1175	146	12	exchange	exchange	NOUN
arjefm-1175	146	13	rate	rate	NOUN
arjefm-1175	146	14	.	.	PUNCT
arjefm-1175	147	1	ntamwiza	ntamwiza	ADJ
arjefm-1175	147	2	and	and	CCONJ
arjefm-1175	147	3	masengesho	masengesho	NOUN
arjefm-1175	147	4	(	(	PUNCT
arjefm-1175	147	5	2022	2022	NUM
arjefm-1175	147	6	)	)	PUNCT
arjefm-1175	147	7	studied	study	VERB
arjefm-1175	147	8	impact	impact	NOUN
arjefm-1175	147	9	of	of	ADP
arjefm-1175	147	10	gross	gross	ADJ
arjefm-1175	147	11	capital	capital	NOUN
arjefm-1175	147	12	formation	formation	NOUN
arjefm-1175	147	13	on	on	ADP
arjefm-1175	147	14	economic	economic	ADJ
arjefm-1175	147	15	growth	growth	NOUN
arjefm-1175	147	16	in	in	ADP
arjefm-1175	147	17	rwanda	rwanda	PROPN
arjefm-1175	147	18	using	use	VERB
arjefm-1175	147	19	time	time	NOUN
arjefm-1175	147	20	series	series	PROPN
arjefm-1175	147	21	data	datum	NOUN
arjefm-1175	147	22	from	from	ADP
arjefm-1175	147	23	1990	1990	NUM
arjefm-1175	147	24	to	to	ADP
arjefm-1175	147	25	2017	2017	NUM
arjefm-1175	147	26	.	.	PUNCT
arjefm-1175	148	1	error	error	NOUN
arjefm-1175	148	2	correction	correction	NOUN
arjefm-1175	148	3	model	model	NOUN
arjefm-1175	148	4	technique	technique	NOUN
arjefm-1175	148	5	for	for	ADP
arjefm-1175	148	6	estimation	estimation	NOUN
arjefm-1175	148	7	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1175	148	8	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	149	1	american	american	PROPN
arjefm-1175	149	2	research	research	PROPN
arjefm-1175	149	3	journal	journal	PROPN
arjefm-1175	149	4	of	of	ADP
arjefm-1175	149	5	economics	economic	NOUN
arjefm-1175	149	6	,	,	PUNCT
arjefm-1175	149	7	finance	finance	NOUN
arjefm-1175	149	8	and	and	CCONJ
arjefm-1175	149	9	management	management	NOUN
arjefm-1175	149	10	volume	volume	NOUN
arjefm-1175	149	11	13	13	NUM
arjefm-1175	149	12	issue	issue	NOUN
arjefm-1175	149	13	1	1	NUM
arjefm-1175	149	14	,	,	PUNCT
arjefm-1175	149	15	january	january	PROPN
arjefm-1175	149	16	-	-	PUNCT
arjefm-1175	149	17	march	march	PROPN
arjefm-1175	149	18	2025	2025	NUM
arjefm-1175	149	19	issn	issn	NOUN
arjefm-1175	149	20	:	:	PUNCT
arjefm-1175	149	21	2836	2836	NUM
arjefm-1175	149	22	-	-	SYM
arjefm-1175	149	23	9416	9416	NUM
arjefm-1175	149	24	impact	impact	NOUN
arjefm-1175	149	25	factor	factor	NOUN
arjefm-1175	149	26	:	:	PUNCT
arjefm-1175	149	27	6.41	6.41	NUM
arjefm-1175	149	28	journal	journal	NOUN
arjefm-1175	149	29	homepage	homepage	NOUN
arjefm-1175	149	30	:	:	PUNCT
arjefm-1175	149	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	149	32	,	,	PUNCT
arjefm-1175	149	33	email	email	NOUN
arjefm-1175	149	34	:	:	PUNCT
arjefm-1175	150	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	150	2	official	official	ADJ
arjefm-1175	150	3	journal	journal	PROPN
arjefm-1175	150	4	of	of	ADP
arjefm-1175	150	5	america	america	PROPN
arjefm-1175	150	6	serial	serial	PROPN
arjefm-1175	150	7	publication	publication	NOUN
arjefm-1175	150	8	american	american	PROPN
arjefm-1175	150	9	research	research	PROPN
arjefm-1175	150	10	journal	journal	PROPN
arjefm-1175	150	11	of	of	ADP
arjefm-1175	150	12	economics	economic	NOUN
arjefm-1175	150	13	,	,	PUNCT
arjefm-1175	150	14	finance	finance	NOUN
arjefm-1175	150	15	and	and	CCONJ
arjefm-1175	150	16	management	management	NOUN
arjefm-1175	150	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	150	18	,	,	PUNCT
arjefm-1175	150	19	email	email	NOUN
arjefm-1175	150	20	:	:	PUNCT
arjefm-1175	150	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	151	1	182	182	NUM
arjefm-1175	152	1	|	|	ADV
arjefm-1175	152	2	p	p	ADP
arjefm-1175	152	3	a	a	DET
arjefm-1175	152	4	g	g	NOUN
arjefm-1175	152	5	e	e	NOUN
arjefm-1175	152	6	revealed	reveal	VERB
arjefm-1175	152	7	a	a	DET
arjefm-1175	152	8	short	short	ADJ
arjefm-1175	152	9	-	-	PUNCT
arjefm-1175	152	10	run	run	NOUN
arjefm-1175	152	11	and	and	CCONJ
arjefm-1175	152	12	long	long	ADV
arjefm-1175	152	13	-	-	PUNCT
arjefm-1175	152	14	run	run	VERB
arjefm-1175	152	15	positive	positive	ADJ
arjefm-1175	152	16	relationship	relationship	NOUN
arjefm-1175	152	17	between	between	ADP
arjefm-1175	152	18	capital	capital	NOUN
arjefm-1175	152	19	formation	formation	NOUN
arjefm-1175	152	20	,	,	PUNCT
arjefm-1175	152	21	fdi	fdi	NOUN
arjefm-1175	152	22	and	and	CCONJ
arjefm-1175	152	23	economic	economic	ADJ
arjefm-1175	152	24	growth	growth	NOUN
arjefm-1175	152	25	,	,	PUNCT
arjefm-1175	152	26	thus	thus	ADV
arjefm-1175	152	27	confirming	confirm	VERB
arjefm-1175	152	28	that	that	SCONJ
arjefm-1175	152	29	gross	gross	ADJ
arjefm-1175	152	30	capital	capital	NOUN
arjefm-1175	152	31	formation	formation	NOUN
arjefm-1175	152	32	and	and	CCONJ
arjefm-1175	152	33	fdi	fdi	NOUN
arjefm-1175	152	34	were	be	AUX
arjefm-1175	152	35	the	the	DET
arjefm-1175	152	36	main	main	ADJ
arjefm-1175	152	37	determinants	determinant	NOUN
arjefm-1175	152	38	of	of	ADP
arjefm-1175	152	39	economic	economic	ADJ
arjefm-1175	152	40	growth	growth	NOUN
arjefm-1175	152	41	in	in	ADP
arjefm-1175	152	42	rwanda	rwanda	PROPN
arjefm-1175	152	43	for	for	ADP
arjefm-1175	152	44	the	the	DET
arjefm-1175	152	45	review	review	NOUN
arjefm-1175	152	46	period	period	NOUN
arjefm-1175	152	47	.	.	PUNCT
arjefm-1175	153	1	keita	keita	PROPN
arjefm-1175	153	2	and	and	CCONJ
arjefm-1175	153	3	baorong	baorong	PROPN
arjefm-1175	153	4	(	(	PUNCT
arjefm-1175	153	5	2022	2022	NUM
arjefm-1175	153	6	)	)	PUNCT
arjefm-1175	153	7	examined	examine	VERB
arjefm-1175	153	8	fdi	fdi	ADJ
arjefm-1175	153	9	and	and	CCONJ
arjefm-1175	153	10	economic	economic	ADJ
arjefm-1175	153	11	growth	growth	NOUN
arjefm-1175	153	12	nexus	nexus	NOUN
arjefm-1175	153	13	in	in	ADP
arjefm-1175	153	14	guinea	guinea	NOUN
arjefm-1175	153	15	for	for	ADP
arjefm-1175	153	16	the	the	DET
arjefm-1175	153	17	period	period	NOUN
arjefm-1175	153	18	,	,	PUNCT
arjefm-1175	153	19	1990	1990	NUM
arjefm-1175	153	20	to	to	ADP
arjefm-1175	153	21	2017	2017	NUM
arjefm-1175	153	22	.	.	PUNCT
arjefm-1175	154	1	the	the	DET
arjefm-1175	154	2	findings	finding	NOUN
arjefm-1175	154	3	showed	show	VERB
arjefm-1175	154	4	fdi	fdi	NOUN
arjefm-1175	154	5	in	in	ADP
arjefm-1175	154	6	the	the	DET
arjefm-1175	154	7	long	long	ADJ
arjefm-1175	154	8	run	run	NOUN
arjefm-1175	154	9	positively	positively	ADV
arjefm-1175	154	10	affected	affect	VERB
arjefm-1175	154	11	economic	economic	ADJ
arjefm-1175	154	12	growth	growth	NOUN
arjefm-1175	154	13	in	in	ADP
arjefm-1175	154	14	guinea	guinea	NOUN
arjefm-1175	154	15	during	during	ADP
arjefm-1175	154	16	the	the	DET
arjefm-1175	154	17	research	research	NOUN
arjefm-1175	154	18	period	period	NOUN
arjefm-1175	154	19	.	.	PUNCT
arjefm-1175	155	1	okello	okello	INTJ
arjefm-1175	155	2	and	and	CCONJ
arjefm-1175	155	3	badj	badj	NOUN
arjefm-1175	155	4	okello	okello	PROPN
arjefm-1175	155	5	(	(	PUNCT
arjefm-1175	155	6	2023	2023	NUM
arjefm-1175	155	7	)	)	PUNCT
arjefm-1175	155	8	using	use	VERB
arjefm-1175	155	9	ols	ol	NOUN
arjefm-1175	155	10	method	method	NOUN
arjefm-1175	155	11	from	from	ADP
arjefm-1175	155	12	1970	1970	NUM
arjefm-1175	155	13	to	to	ADP
arjefm-1175	155	14	2019	2019	NUM
arjefm-1175	155	15	studied	study	VERB
arjefm-1175	155	16	the	the	DET
arjefm-1175	155	17	relationship	relationship	NOUN
arjefm-1175	155	18	between	between	ADP
arjefm-1175	155	19	fdi	fdi	PROPN
arjefm-1175	155	20	and	and	CCONJ
arjefm-1175	155	21	economic	economic	ADJ
arjefm-1175	155	22	growth	growth	NOUN
arjefm-1175	155	23	in	in	ADP
arjefm-1175	155	24	kenya	kenya	PROPN
arjefm-1175	155	25	.	.	PUNCT
arjefm-1175	156	1	findings	finding	NOUN
arjefm-1175	156	2	showed	show	VERB
arjefm-1175	156	3	that	that	SCONJ
arjefm-1175	156	4	association	association	NOUN
arjefm-1175	156	5	between	between	ADP
arjefm-1175	156	6	fdi	fdi	PROPN
arjefm-1175	156	7	and	and	CCONJ
arjefm-1175	156	8	economic	economic	ADJ
arjefm-1175	156	9	growth	growth	NOUN
arjefm-1175	156	10	was	be	AUX
arjefm-1175	156	11	negative	negative	ADJ
arjefm-1175	156	12	.	.	PUNCT
arjefm-1175	157	1	the	the	DET
arjefm-1175	157	2	negative	negative	ADJ
arjefm-1175	157	3	result	result	NOUN
arjefm-1175	157	4	was	be	AUX
arjefm-1175	157	5	attributed	attribute	VERB
arjefm-1175	157	6	to	to	ADP
arjefm-1175	157	7	the	the	DET
arjefm-1175	157	8	fact	fact	NOUN
arjefm-1175	157	9	that	that	SCONJ
arjefm-1175	157	10	kenya	kenya	PROPN
arjefm-1175	157	11	's	's	PART
arjefm-1175	157	12	history	history	NOUN
arjefm-1175	157	13	as	as	ADP
arjefm-1175	157	14	an	an	DET
arjefm-1175	157	15	importsubstituting	importsubstitute	VERB
arjefm-1175	157	16	country	country	NOUN
arjefm-1175	157	17	and	and	CCONJ
arjefm-1175	157	18	the	the	DET
arjefm-1175	157	19	counter	counter	ADJ
arjefm-1175	157	20	effect	effect	NOUN
arjefm-1175	157	21	of	of	ADP
arjefm-1175	157	22	implemented	implement	VERB
arjefm-1175	157	23	trade	trade	NOUN
arjefm-1175	157	24	policies	policy	NOUN
arjefm-1175	157	25	to	to	PART
arjefm-1175	157	26	spur	spur	VERB
arjefm-1175	157	27	economic	economic	ADJ
arjefm-1175	157	28	growth	growth	NOUN
arjefm-1175	157	29	in	in	ADP
arjefm-1175	157	30	asian	asian	ADJ
arjefm-1175	157	31	countries	country	NOUN
arjefm-1175	157	32	.	.	PUNCT
arjefm-1175	158	1	dang	dang	INTJ
arjefm-1175	158	2	,	,	PUNCT
arjefm-1175	158	3	et	et	PROPN
arjefm-1175	158	4	al	al	PROPN
arjefm-1175	158	5	.	.	PROPN
arjefm-1175	159	1	(	(	PUNCT
arjefm-1175	159	2	2023	2023	NUM
arjefm-1175	159	3	)	)	PUNCT
arjefm-1175	159	4	examined	examine	VERB
arjefm-1175	159	5	impact	impact	NOUN
arjefm-1175	159	6	of	of	ADP
arjefm-1175	159	7	fdi	fdi	ADJ
arjefm-1175	159	8	foreign	foreign	NOUN
arjefm-1175	159	9	on	on	ADP
arjefm-1175	159	10	economic	economic	ADJ
arjefm-1175	159	11	development	development	NOUN
arjefm-1175	159	12	,	,	PUNCT
arjefm-1175	159	13	considering	consider	VERB
arjefm-1175	159	14	the	the	DET
arjefm-1175	159	15	role	role	NOUN
arjefm-1175	159	16	of	of	ADP
arjefm-1175	159	17	institutional	institutional	ADJ
arjefm-1175	159	18	quality	quality	NOUN
arjefm-1175	159	19	in	in	ADP
arjefm-1175	159	20	63	63	NUM
arjefm-1175	159	21	provinces	province	NOUN
arjefm-1175	159	22	/	/	SYM
arjefm-1175	159	23	cities	city	NOUN
arjefm-1175	159	24	in	in	ADP
arjefm-1175	159	25	vietnam	vietnam	PROPN
arjefm-1175	159	26	from	from	ADP
arjefm-1175	159	27	2005–2022	2005–2022	NUM
arjefm-1175	159	28	.	.	PUNCT
arjefm-1175	160	1	applying	apply	VERB
arjefm-1175	160	2	various	various	ADJ
arjefm-1175	160	3	regression	regression	NOUN
arjefm-1175	160	4	methods	method	NOUN
arjefm-1175	160	5	,	,	PUNCT
arjefm-1175	160	6	such	such	ADJ
arjefm-1175	160	7	as	as	ADP
arjefm-1175	160	8	pooled	pool	VERB
arjefm-1175	160	9	ols	ol	NOUN
arjefm-1175	160	10	,	,	PUNCT
arjefm-1175	160	11	the	the	DET
arjefm-1175	160	12	results	result	NOUN
arjefm-1175	160	13	confirmed	confirm	VERB
arjefm-1175	160	14	fdi	fdi	NOUN
arjefm-1175	160	15	and	and	CCONJ
arjefm-1175	160	16	institutional	institutional	ADJ
arjefm-1175	160	17	quality	quality	NOUN
arjefm-1175	160	18	had	have	VERB
arjefm-1175	160	19	a	a	DET
arjefm-1175	160	20	positive	positive	ADJ
arjefm-1175	160	21	impact	impact	NOUN
arjefm-1175	160	22	on	on	ADP
arjefm-1175	160	23	economic	economic	ADJ
arjefm-1175	160	24	development	development	NOUN
arjefm-1175	160	25	.	.	PUNCT
arjefm-1175	161	1	findings	finding	NOUN
arjefm-1175	161	2	also	also	ADV
arjefm-1175	161	3	proved	prove	VERB
arjefm-1175	161	4	institutional	institutional	ADJ
arjefm-1175	161	5	quality	quality	NOUN
arjefm-1175	161	6	as	as	ADP
arjefm-1175	161	7	a	a	DET
arjefm-1175	161	8	important	important	ADJ
arjefm-1175	161	9	determinant	determinant	NOUN
arjefm-1175	161	10	of	of	ADP
arjefm-1175	161	11	fdi	fdi	NOUN
arjefm-1175	161	12	using	use	VERB
arjefm-1175	161	13	quarterly	quarterly	ADJ
arjefm-1175	161	14	data	datum	NOUN
arjefm-1175	161	15	from	from	ADP
arjefm-1175	161	16	2013	2013	NUM
arjefm-1175	161	17	to	to	ADP
arjefm-1175	161	18	2022	2022	NUM
arjefm-1175	161	19	,	,	PUNCT
arjefm-1175	161	20	chi	chi	NOUN
arjefm-1175	161	21	and	and	CCONJ
arjefm-1175	161	22	thi	thi	PROPN
arjefm-1175	161	23	(	(	PUNCT
arjefm-1175	161	24	2023	2023	NUM
arjefm-1175	161	25	)	)	PUNCT
arjefm-1175	161	26	used	use	VERB
arjefm-1175	161	27	the	the	DET
arjefm-1175	161	28	vector	vector	NOUN
arjefm-1175	161	29	autoregression	autoregression	NOUN
arjefm-1175	161	30	(	(	PUNCT
arjefm-1175	161	31	var	var	NOUN
arjefm-1175	161	32	)	)	PUNCT
arjefm-1175	161	33	model	model	NOUN
arjefm-1175	161	34	to	to	PART
arjefm-1175	161	35	examine	examine	VERB
arjefm-1175	161	36	the	the	DET
arjefm-1175	161	37	link	link	NOUN
arjefm-1175	161	38	between	between	ADP
arjefm-1175	161	39	foreign	foreign	ADJ
arjefm-1175	161	40	exchange	exchange	NOUN
arjefm-1175	161	41	and	and	CCONJ
arjefm-1175	161	42	foreign	foreign	ADJ
arjefm-1175	161	43	direct	direct	ADJ
arjefm-1175	161	44	investment	investment	NOUN
arjefm-1175	161	45	(	(	PUNCT
arjefm-1175	161	46	fdi	fdi	NOUN
arjefm-1175	161	47	)	)	PUNCT
arjefm-1175	161	48	in	in	ADP
arjefm-1175	161	49	vietnam	vietnam	PROPN
arjefm-1175	161	50	.	.	PUNCT
arjefm-1175	162	1	the	the	DET
arjefm-1175	162	2	findings	finding	NOUN
arjefm-1175	162	3	of	of	ADP
arjefm-1175	162	4	the	the	DET
arjefm-1175	162	5	study	study	NOUN
arjefm-1175	162	6	indicated	indicate	VERB
arjefm-1175	162	7	a	a	DET
arjefm-1175	162	8	significant	significant	ADJ
arjefm-1175	162	9	correlation	correlation	NOUN
arjefm-1175	162	10	between	between	ADP
arjefm-1175	162	11	fdi	fdi	PROPN
arjefm-1175	162	12	in	in	ADP
arjefm-1175	162	13	vietnam	vietnam	PROPN
arjefm-1175	162	14	and	and	CCONJ
arjefm-1175	162	15	the	the	DET
arjefm-1175	162	16	exchange	exchange	NOUN
arjefm-1175	162	17	rate	rate	NOUN
arjefm-1175	162	18	.	.	PUNCT
arjefm-1175	163	1	the	the	DET
arjefm-1175	163	2	results	result	NOUN
arjefm-1175	163	3	also	also	ADV
arjefm-1175	163	4	showed	show	VERB
arjefm-1175	163	5	that	that	SCONJ
arjefm-1175	163	6	vietnam	vietnam	PROPN
arjefm-1175	163	7	's	's	PART
arjefm-1175	163	8	historical	historical	ADJ
arjefm-1175	163	9	values	value	NOUN
arjefm-1175	163	10	had	have	VERB
arjefm-1175	163	11	an	an	DET
arjefm-1175	163	12	impact	impact	NOUN
arjefm-1175	163	13	on	on	ADP
arjefm-1175	163	14	fdi	fdi	NOUN
arjefm-1175	163	15	flows	flow	NOUN
arjefm-1175	163	16	into	into	ADP
arjefm-1175	163	17	the	the	DET
arjefm-1175	163	18	country	country	NOUN
arjefm-1175	163	19	.	.	PUNCT
arjefm-1175	164	1	the	the	DET
arjefm-1175	164	2	study	study	NOUN
arjefm-1175	164	3	also	also	ADV
arjefm-1175	164	4	discovered	discover	VERB
arjefm-1175	164	5	that	that	SCONJ
arjefm-1175	164	6	the	the	DET
arjefm-1175	164	7	primary	primary	ADJ
arjefm-1175	164	8	control	control	NOUN
arjefm-1175	164	9	variables	variable	VERB
arjefm-1175	164	10	influencing	influence	VERB
arjefm-1175	164	11	correlation	correlation	NOUN
arjefm-1175	164	12	between	between	ADP
arjefm-1175	164	13	fdi	fdi	PROPN
arjefm-1175	164	14	and	and	CCONJ
arjefm-1175	164	15	foreign	foreign	ADJ
arjefm-1175	164	16	exchange	exchange	NOUN
arjefm-1175	164	17	rates	rate	NOUN
arjefm-1175	164	18	were	be	AUX
arjefm-1175	164	19	trade	trade	NOUN
arjefm-1175	164	20	openness	openness	NOUN
arjefm-1175	164	21	and	and	CCONJ
arjefm-1175	164	22	economic	economic	ADJ
arjefm-1175	164	23	growth	growth	NOUN
arjefm-1175	164	24	.	.	PUNCT
arjefm-1175	165	1	nguyen	nguyen	NOUN
arjefm-1175	165	2	(	(	PUNCT
arjefm-1175	165	3	2024	2024	NUM
arjefm-1175	165	4	)	)	PUNCT
arjefm-1175	165	5	using	use	VERB
arjefm-1175	165	6	autoregressive	autoregressive	ADJ
arjefm-1175	165	7	distributed	distribute	VERB
arjefm-1175	165	8	lag	lag	NOUN
arjefm-1175	165	9	(	(	PUNCT
arjefm-1175	165	10	ardl	ardl	NOUN
arjefm-1175	165	11	)	)	PUNCT
arjefm-1175	165	12	model	model	NOUN
arjefm-1175	165	13	assessed	assess	VERB
arjefm-1175	165	14	the	the	DET
arjefm-1175	165	15	influence	influence	NOUN
arjefm-1175	165	16	of	of	ADP
arjefm-1175	165	17	key	key	ADJ
arjefm-1175	165	18	economic	economic	ADJ
arjefm-1175	165	19	globalization	globalization	NOUN
arjefm-1175	165	20	factors	factor	NOUN
arjefm-1175	165	21	on	on	ADP
arjefm-1175	165	22	economic	economic	ADJ
arjefm-1175	165	23	growth	growth	NOUN
arjefm-1175	165	24	and	and	CCONJ
arjefm-1175	165	25	environmental	environmental	ADJ
arjefm-1175	165	26	quality	quality	NOUN
arjefm-1175	165	27	in	in	ADP
arjefm-1175	165	28	southeast	southeast	ADJ
arjefm-1175	165	29	asian	asian	ADJ
arjefm-1175	165	30	countries	country	NOUN
arjefm-1175	165	31	.	.	PUNCT
arjefm-1175	166	1	results	result	NOUN
arjefm-1175	166	2	revealed	reveal	VERB
arjefm-1175	166	3	that	that	SCONJ
arjefm-1175	166	4	fdi	fdi	NOUN
arjefm-1175	166	5	had	have	VERB
arjefm-1175	166	6	a	a	DET
arjefm-1175	166	7	negative	negative	ADJ
arjefm-1175	166	8	effect	effect	NOUN
arjefm-1175	166	9	on	on	ADP
arjefm-1175	166	10	economic	economic	ADJ
arjefm-1175	166	11	growth	growth	NOUN
arjefm-1175	166	12	in	in	ADP
arjefm-1175	166	13	southeast	southeast	PROPN
arjefm-1175	166	14	asia	asia	PROPN
arjefm-1175	166	15	.	.	PUNCT
arjefm-1175	167	1	naftaly	naftaly	NOUN
arjefm-1175	167	2	and	and	CCONJ
arjefm-1175	167	3	kipchirchir	kipchirchir	ADJ
arjefm-1175	167	4	(	(	PUNCT
arjefm-1175	167	5	2024	2024	NUM
arjefm-1175	167	6	)	)	PUNCT
arjefm-1175	167	7	examined	examine	VERB
arjefm-1175	167	8	relationship	relationship	NOUN
arjefm-1175	167	9	between	between	ADP
arjefm-1175	167	10	fdi	fdi	PROPN
arjefm-1175	167	11	and	and	CCONJ
arjefm-1175	167	12	economic	economic	ADJ
arjefm-1175	167	13	growth	growth	NOUN
arjefm-1175	167	14	in	in	ADP
arjefm-1175	167	15	kenya	kenya	NOUN
arjefm-1175	167	16	using	use	VERB
arjefm-1175	167	17	an	an	DET
arjefm-1175	167	18	autoregressive	autoregressive	ADJ
arjefm-1175	167	19	distributed	distribute	VERB
arjefm-1175	167	20	lag	lag	NOUN
arjefm-1175	167	21	(	(	PUNCT
arjefm-1175	167	22	ardl	ardl	NOUN
arjefm-1175	167	23	)	)	PUNCT
arjefm-1175	167	24	regression	regression	NOUN
arjefm-1175	167	25	approach	approach	NOUN
arjefm-1175	167	26	and	and	CCONJ
arjefm-1175	167	27	causality	causality	NOUN
arjefm-1175	167	28	tests	test	NOUN
arjefm-1175	167	29	.	.	PUNCT
arjefm-1175	168	1	secondary	secondary	ADJ
arjefm-1175	168	2	time	time	NOUN
arjefm-1175	168	3	series	series	PROPN
arjefm-1175	168	4	data	datum	NOUN
arjefm-1175	168	5	from	from	ADP
arjefm-1175	168	6	1990	1990	NUM
arjefm-1175	168	7	to	to	ADP
arjefm-1175	168	8	2021	2021	NUM
arjefm-1175	168	9	were	be	AUX
arjefm-1175	168	10	used	use	VERB
arjefm-1175	168	11	for	for	ADP
arjefm-1175	168	12	analysis	analysis	NOUN
arjefm-1175	168	13	.	.	PUNCT
arjefm-1175	169	1	findings	finding	NOUN
arjefm-1175	169	2	indicated	indicate	VERB
arjefm-1175	169	3	that	that	SCONJ
arjefm-1175	169	4	increasing	increase	VERB
arjefm-1175	169	5	fdi	fdi	ADJ
arjefm-1175	169	6	inflow	inflow	NOUN
arjefm-1175	169	7	would	would	AUX
arjefm-1175	169	8	lead	lead	VERB
arjefm-1175	169	9	to	to	ADP
arjefm-1175	169	10	an	an	DET
arjefm-1175	169	11	increase	increase	NOUN
arjefm-1175	169	12	in	in	ADP
arjefm-1175	169	13	economic	economic	ADJ
arjefm-1175	169	14	growth	growth	NOUN
arjefm-1175	169	15	.	.	PUNCT
arjefm-1175	170	1	also	also	ADV
arjefm-1175	170	2	,	,	PUNCT
arjefm-1175	170	3	the	the	DET
arjefm-1175	170	4	result	result	NOUN
arjefm-1175	170	5	indicated	indicate	VERB
arjefm-1175	170	6	trade	trade	NOUN
arjefm-1175	170	7	openness	openness	NOUN
arjefm-1175	170	8	and	and	CCONJ
arjefm-1175	170	9	climate	climate	NOUN
arjefm-1175	170	10	changed	change	VERB
arjefm-1175	170	11	matter	matter	ADV
arjefm-1175	170	12	from	from	ADP
arjefm-1175	170	13	a	a	DET
arjefm-1175	170	14	growth	growth	NOUN
arjefm-1175	170	15	perspective	perspective	NOUN
arjefm-1175	170	16	.	.	PUNCT
arjefm-1175	171	1	notably	notably	ADV
arjefm-1175	171	2	,	,	PUNCT
arjefm-1175	171	3	the	the	DET
arjefm-1175	171	4	results	result	NOUN
arjefm-1175	171	5	showed	show	VERB
arjefm-1175	171	6	short	short	ADJ
arjefm-1175	171	7	-	-	PUNCT
arjefm-1175	171	8	run	run	NOUN
arjefm-1175	171	9	to	to	ADP
arjefm-1175	171	10	long	long	ADV
arjefm-1175	171	11	-	-	PUNCT
arjefm-1175	171	12	run	run	VERB
arjefm-1175	171	13	fdi	fdi	NOUN
arjefm-1175	171	14	kindled	kindle	VERB
arjefm-1175	171	15	economic	economic	ADJ
arjefm-1175	171	16	growth	growth	NOUN
arjefm-1175	171	17	in	in	ADP
arjefm-1175	171	18	kenya	kenya	PROPN
arjefm-1175	171	19	.	.	PUNCT
arjefm-1175	172	1	mazenda	mazenda	NOUN
arjefm-1175	172	2	(	(	PUNCT
arjefm-1175	172	3	2024	2024	NUM
arjefm-1175	172	4	)	)	PUNCT
arjefm-1175	172	5	assessed	assessed	ADJ
arjefm-1175	172	6	effect	effect	NOUN
arjefm-1175	172	7	of	of	ADP
arjefm-1175	172	8	fdi	fdi	NOUN
arjefm-1175	172	9	on	on	ADP
arjefm-1175	172	10	economic	economic	ADJ
arjefm-1175	172	11	growth	growth	NOUN
arjefm-1175	172	12	in	in	ADP
arjefm-1175	172	13	south	south	PROPN
arjefm-1175	172	14	africa	africa	PROPN
arjefm-1175	172	15	from	from	ADP
arjefm-1175	172	16	1980	1980	NUM
arjefm-1175	172	17	to	to	ADP
arjefm-1175	172	18	2010	2010	NUM
arjefm-1175	172	19	.	.	PUNCT
arjefm-1175	173	1	johansen	johansen	PROPN
arjefm-1175	173	2	co	co	PROPN
arjefm-1175	173	3	-	-	NOUN
arjefm-1175	173	4	integration	integration	NOUN
arjefm-1175	173	5	and	and	CCONJ
arjefm-1175	173	6	vector	vector	NOUN
arjefm-1175	173	7	error	error	NOUN
arjefm-1175	173	8	correction	correction	NOUN
arjefm-1175	173	9	modeling	modeling	NOUN
arjefm-1175	173	10	(	(	PUNCT
arjefm-1175	173	11	vecm	vecm	NOUN
arjefm-1175	173	12	)	)	PUNCT
arjefm-1175	173	13	estimation	estimation	NOUN
arjefm-1175	173	14	techniques	technique	NOUN
arjefm-1175	173	15	was	be	AUX
arjefm-1175	173	16	used	use	VERB
arjefm-1175	173	17	.	.	PUNCT
arjefm-1175	174	1	variables	variable	NOUN
arjefm-1175	174	2	specified	specify	VERB
arjefm-1175	174	3	in	in	ADP
arjefm-1175	174	4	the	the	DET
arjefm-1175	174	5	methodology	methodology	NOUN
arjefm-1175	174	6	include	include	VERB
arjefm-1175	174	7	real	real	ADJ
arjefm-1175	174	8	gdp	gdp	NOUN
arjefm-1175	174	9	,	,	PUNCT
arjefm-1175	174	10	foreign	foreign	PROPN
arjefm-1175	174	11	fdi	fdi	PROPN
arjefm-1175	174	12	,	,	PUNCT
arjefm-1175	174	13	domestic	domestic	ADJ
arjefm-1175	174	14	investment	investment	NOUN
arjefm-1175	174	15	(	(	PUNCT
arjefm-1175	174	16	inve	inve	NOUN
arjefm-1175	174	17	)	)	PUNCT
arjefm-1175	174	18	,	,	PUNCT
arjefm-1175	174	19	real	real	ADJ
arjefm-1175	174	20	exchange	exchange	NOUN
arjefm-1175	174	21	rate	rate	NOUN
arjefm-1175	174	22	(	(	PUNCT
arjefm-1175	174	23	rexch	rexch	NOUN
arjefm-1175	174	24	)	)	PUNCT
arjefm-1175	174	25	and	and	CCONJ
arjefm-1175	174	26	foreign	foreign	ADJ
arjefm-1175	174	27	marketable	marketable	ADJ
arjefm-1175	174	28	debt	debt	NOUN
arjefm-1175	174	29	(	(	PUNCT
arjefm-1175	174	30	debt	debt	NOUN
arjefm-1175	174	31	)	)	PUNCT
arjefm-1175	174	32	.	.	PUNCT
arjefm-1175	175	1	the	the	DET
arjefm-1175	175	2	long	long	ADJ
arjefm-1175	175	3	run	run	NOUN
arjefm-1175	175	4	results	result	VERB
arjefm-1175	175	5	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1175	175	6	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	175	7	american	american	PROPN
arjefm-1175	175	8	research	research	PROPN
arjefm-1175	175	9	journal	journal	PROPN
arjefm-1175	175	10	of	of	ADP
arjefm-1175	175	11	economics	economic	NOUN
arjefm-1175	175	12	,	,	PUNCT
arjefm-1175	175	13	finance	finance	NOUN
arjefm-1175	175	14	and	and	CCONJ
arjefm-1175	175	15	management	management	NOUN
arjefm-1175	175	16	volume	volume	NOUN
arjefm-1175	175	17	13	13	NUM
arjefm-1175	175	18	issue	issue	NOUN
arjefm-1175	175	19	1	1	NUM
arjefm-1175	175	20	,	,	PUNCT
arjefm-1175	175	21	january	january	PROPN
arjefm-1175	175	22	-	-	PUNCT
arjefm-1175	175	23	march	march	PROPN
arjefm-1175	175	24	2025	2025	NUM
arjefm-1175	175	25	issn	issn	NOUN
arjefm-1175	175	26	:	:	PUNCT
arjefm-1175	175	27	2836	2836	NUM
arjefm-1175	175	28	-	-	SYM
arjefm-1175	175	29	9416	9416	NUM
arjefm-1175	175	30	impact	impact	NOUN
arjefm-1175	175	31	factor	factor	NOUN
arjefm-1175	175	32	:	:	PUNCT
arjefm-1175	175	33	6.41	6.41	NUM
arjefm-1175	175	34	journal	journal	NOUN
arjefm-1175	175	35	homepage	homepage	NOUN
arjefm-1175	175	36	:	:	PUNCT
arjefm-1175	175	37	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	175	38	,	,	PUNCT
arjefm-1175	175	39	email	email	NOUN
arjefm-1175	175	40	:	:	PUNCT
arjefm-1175	175	41	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	175	42	official	official	ADJ
arjefm-1175	175	43	journal	journal	PROPN
arjefm-1175	175	44	of	of	ADP
arjefm-1175	175	45	america	america	PROPN
arjefm-1175	175	46	serial	serial	PROPN
arjefm-1175	175	47	publication	publication	NOUN
arjefm-1175	175	48	american	american	PROPN
arjefm-1175	175	49	research	research	PROPN
arjefm-1175	175	50	journal	journal	PROPN
arjefm-1175	175	51	of	of	ADP
arjefm-1175	175	52	economics	economic	NOUN
arjefm-1175	175	53	,	,	PUNCT
arjefm-1175	175	54	finance	finance	NOUN
arjefm-1175	175	55	and	and	CCONJ
arjefm-1175	175	56	management	management	NOUN
arjefm-1175	175	57	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	175	58	,	,	PUNCT
arjefm-1175	175	59	email	email	NOUN
arjefm-1175	175	60	:	:	PUNCT
arjefm-1175	175	61	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	176	1	183	183	NUM
arjefm-1175	177	1	|	|	ADV
arjefm-1175	177	2	p	p	ADP
arjefm-1175	177	3	a	a	DET
arjefm-1175	177	4	g	g	NOUN
arjefm-1175	177	5	e	e	NOUN
arjefm-1175	177	6	showed	show	VERB
arjefm-1175	177	7	fdi	fdi	NOUN
arjefm-1175	177	8	,	,	PUNCT
arjefm-1175	177	9	rexch	rexch	NOUN
arjefm-1175	177	10	and	and	CCONJ
arjefm-1175	177	11	debt	debt	NOUN
arjefm-1175	177	12	had	have	VERB
arjefm-1175	177	13	a	a	DET
arjefm-1175	177	14	negative	negative	ADJ
arjefm-1175	177	15	impact	impact	NOUN
arjefm-1175	177	16	on	on	ADP
arjefm-1175	177	17	growth	growth	NOUN
arjefm-1175	177	18	.	.	PUNCT
arjefm-1175	178	1	inve	inve	PROPN
arjefm-1175	178	2	had	have	VERB
arjefm-1175	178	3	a	a	DET
arjefm-1175	178	4	positive	positive	ADJ
arjefm-1175	178	5	impact	impact	NOUN
arjefm-1175	178	6	on	on	ADP
arjefm-1175	178	7	growth	growth	NOUN
arjefm-1175	178	8	.	.	PUNCT
arjefm-1175	179	1	gap	gap	NOUN
arjefm-1175	179	2	in	in	ADP
arjefm-1175	179	3	empirical	empirical	ADJ
arjefm-1175	179	4	literature	literature	NOUN
arjefm-1175	179	5	building	building	NOUN
arjefm-1175	179	6	upon	upon	SCONJ
arjefm-1175	179	7	the	the	DET
arjefm-1175	179	8	literature	literature	PROPN
arjefm-1175	179	9	review	review	PROPN
arjefm-1175	179	10	,	,	PUNCT
arjefm-1175	179	11	several	several	ADJ
arjefm-1175	179	12	empirical	empirical	ADJ
arjefm-1175	179	13	studies	study	NOUN
arjefm-1175	179	14	have	have	AUX
arjefm-1175	179	15	demonstrated	demonstrate	VERB
arjefm-1175	179	16	both	both	DET
arjefm-1175	179	17	positive	positive	ADJ
arjefm-1175	179	18	and	and	CCONJ
arjefm-1175	179	19	negative	negative	ADJ
arjefm-1175	179	20	relationships	relationship	NOUN
arjefm-1175	179	21	between	between	ADP
arjefm-1175	179	22	fdi	fdi	PROPN
arjefm-1175	179	23	and	and	CCONJ
arjefm-1175	179	24	economic	economic	ADJ
arjefm-1175	179	25	growth	growth	NOUN
arjefm-1175	179	26	based	base	VERB
arjefm-1175	179	27	on	on	ADP
arjefm-1175	179	28	foregoing	forego	VERB
arjefm-1175	179	29	review	review	NOUN
arjefm-1175	179	30	.	.	PUNCT
arjefm-1175	180	1	this	this	DET
arjefm-1175	180	2	study	study	NOUN
arjefm-1175	180	3	addresses	address	VERB
arjefm-1175	180	4	this	this	DET
arjefm-1175	180	5	mixed	mixed	ADJ
arjefm-1175	180	6	evidence	evidence	NOUN
arjefm-1175	180	7	by	by	ADP
arjefm-1175	180	8	exploring	explore	VERB
arjefm-1175	180	9	the	the	DET
arjefm-1175	180	10	dynamics	dynamic	NOUN
arjefm-1175	180	11	underlying	underlie	VERB
arjefm-1175	180	12	the	the	DET
arjefm-1175	180	13	relationship	relationship	NOUN
arjefm-1175	180	14	between	between	ADP
arjefm-1175	180	15	fdi	fdi	NOUN
arjefm-1175	180	16	and	and	CCONJ
arjefm-1175	180	17	growth	growth	NOUN
arjefm-1175	180	18	.	.	PUNCT
arjefm-1175	181	1	to	to	PART
arjefm-1175	181	2	achieve	achieve	VERB
arjefm-1175	181	3	this	this	PRON
arjefm-1175	181	4	,	,	PUNCT
arjefm-1175	181	5	the	the	DET
arjefm-1175	181	6	study	study	NOUN
arjefm-1175	181	7	addresses	address	VERB
arjefm-1175	181	8	several	several	ADJ
arjefm-1175	181	9	research	research	NOUN
arjefm-1175	181	10	gaps	gap	NOUN
arjefm-1175	181	11	.	.	PUNCT
arjefm-1175	182	1	firstly	firstly	ADV
arjefm-1175	182	2	,	,	PUNCT
arjefm-1175	182	3	it	it	PRON
arjefm-1175	182	4	specifically	specifically	ADV
arjefm-1175	182	5	focuses	focus	VERB
arjefm-1175	182	6	on	on	ADP
arjefm-1175	182	7	the	the	DET
arjefm-1175	182	8	impact	impact	NOUN
arjefm-1175	182	9	of	of	ADP
arjefm-1175	182	10	fdi	fdi	NOUN
arjefm-1175	182	11	and	and	CCONJ
arjefm-1175	182	12	exchange	exchange	NOUN
arjefm-1175	182	13	and	and	CCONJ
arjefm-1175	182	14	inflation	inflation	NOUN
arjefm-1175	182	15	rates	rate	NOUN
arjefm-1175	182	16	dynamics	dynamic	NOUN
arjefm-1175	182	17	on	on	ADP
arjefm-1175	182	18	economic	economic	ADJ
arjefm-1175	182	19	growth	growth	NOUN
arjefm-1175	182	20	(	(	PUNCT
arjefm-1175	182	21	measured	measure	VERB
arjefm-1175	182	22	by	by	ADP
arjefm-1175	182	23	gdp	gdp	NOUN
arjefm-1175	182	24	growth	growth	NOUN
arjefm-1175	182	25	rate	rate	NOUN
arjefm-1175	182	26	)	)	PUNCT
arjefm-1175	182	27	.	.	PUNCT
arjefm-1175	183	1	secondly	secondly	ADV
arjefm-1175	183	2	,	,	PUNCT
arjefm-1175	183	3	the	the	DET
arjefm-1175	183	4	study	study	NOUN
arjefm-1175	183	5	's	's	PART
arjefm-1175	183	6	temporal	temporal	ADJ
arjefm-1175	183	7	scope	scope	NOUN
arjefm-1175	183	8	spans	span	NOUN
arjefm-1175	183	9	from	from	ADP
arjefm-1175	183	10	1999	1999	NUM
arjefm-1175	183	11	to	to	ADP
arjefm-1175	183	12	2022	2022	NUM
arjefm-1175	183	13	,	,	PUNCT
arjefm-1175	183	14	recognizing	recognize	VERB
arjefm-1175	183	15	the	the	DET
arjefm-1175	183	16	significance	significance	NOUN
arjefm-1175	183	17	of	of	ADP
arjefm-1175	183	18	the	the	DET
arjefm-1175	183	19	return	return	NOUN
arjefm-1175	183	20	to	to	ADP
arjefm-1175	183	21	civilian	civilian	ADJ
arjefm-1175	183	22	rule	rule	NOUN
arjefm-1175	183	23	in	in	ADP
arjefm-1175	183	24	1999	1999	NUM
arjefm-1175	183	25	and	and	CCONJ
arjefm-1175	183	26	ensuring	ensure	VERB
arjefm-1175	183	27	the	the	DET
arjefm-1175	183	28	analysis	analysis	NOUN
arjefm-1175	183	29	incorporates	incorporate	VERB
arjefm-1175	183	30	recent	recent	ADJ
arjefm-1175	183	31	developments	development	NOUN
arjefm-1175	183	32	.	.	PUNCT
arjefm-1175	184	1	thirdly	thirdly	ADV
arjefm-1175	184	2	,	,	PUNCT
arjefm-1175	184	3	the	the	DET
arjefm-1175	184	4	study	study	NOUN
arjefm-1175	184	5	employs	employ	VERB
arjefm-1175	184	6	specific	specific	ADJ
arjefm-1175	184	7	proxies	proxy	NOUN
arjefm-1175	184	8	for	for	ADP
arjefm-1175	184	9	the	the	DET
arjefm-1175	184	10	dependent	dependent	ADJ
arjefm-1175	184	11	and	and	CCONJ
arjefm-1175	184	12	independent	independent	ADJ
arjefm-1175	184	13	variables	variable	NOUN
arjefm-1175	184	14	,	,	PUNCT
arjefm-1175	184	15	utilizing	utilize	VERB
arjefm-1175	184	16	gdp	gdp	NOUN
arjefm-1175	184	17	growth	growth	NOUN
arjefm-1175	184	18	rate	rate	NOUN
arjefm-1175	184	19	as	as	ADP
arjefm-1175	184	20	the	the	DET
arjefm-1175	184	21	dependent	dependent	ADJ
arjefm-1175	184	22	variable	variable	NOUN
arjefm-1175	184	23	and	and	CCONJ
arjefm-1175	184	24	fdi	fdi	NOUN
arjefm-1175	184	25	as	as	ADP
arjefm-1175	184	26	key	key	ADJ
arjefm-1175	184	27	independent	independent	ADJ
arjefm-1175	184	28	variable	variable	NOUN
arjefm-1175	184	29	,	,	PUNCT
arjefm-1175	184	30	while	while	SCONJ
arjefm-1175	184	31	incorporating	incorporate	VERB
arjefm-1175	184	32	exchange	exchange	NOUN
arjefm-1175	184	33	rate	rate	NOUN
arjefm-1175	184	34	and	and	CCONJ
arjefm-1175	184	35	inflation	inflation	NOUN
arjefm-1175	184	36	rate	rate	NOUN
arjefm-1175	184	37	as	as	ADP
arjefm-1175	184	38	control	control	NOUN
arjefm-1175	184	39	variables	variable	NOUN
arjefm-1175	184	40	.	.	PUNCT
arjefm-1175	185	1	finally	finally	ADV
arjefm-1175	185	2	,	,	PUNCT
arjefm-1175	185	3	the	the	DET
arjefm-1175	185	4	study	study	NOUN
arjefm-1175	185	5	contributes	contribute	VERB
arjefm-1175	185	6	to	to	ADP
arjefm-1175	185	7	the	the	DET
arjefm-1175	185	8	literature	literature	NOUN
arjefm-1175	185	9	by	by	ADP
arjefm-1175	185	10	focusing	focus	VERB
arjefm-1175	185	11	specifically	specifically	ADV
arjefm-1175	185	12	on	on	ADP
arjefm-1175	185	13	the	the	DET
arjefm-1175	185	14	nigerian	nigerian	ADJ
arjefm-1175	185	15	context	context	NOUN
arjefm-1175	185	16	,	,	PUNCT
arjefm-1175	185	17	addressing	address	VERB
arjefm-1175	185	18	a	a	DET
arjefm-1175	185	19	gap	gap	NOUN
arjefm-1175	185	20	in	in	ADP
arjefm-1175	185	21	existing	exist	VERB
arjefm-1175	185	22	research	research	NOUN
arjefm-1175	185	23	that	that	PRON
arjefm-1175	185	24	primarily	primarily	ADV
arjefm-1175	185	25	focuses	focus	VERB
arjefm-1175	185	26	on	on	ADP
arjefm-1175	185	27	other	other	ADJ
arjefm-1175	185	28	jurisdictions	jurisdiction	NOUN
arjefm-1175	185	29	.	.	PUNCT
arjefm-1175	186	1	3	3	X
arjefm-1175	186	2	.	.	X
arjefm-1175	186	3	methodology	methodology	NOUN
arjefm-1175	186	4	for	for	ADP
arjefm-1175	186	5	this	this	DET
arjefm-1175	186	6	investigation	investigation	NOUN
arjefm-1175	186	7	,	,	PUNCT
arjefm-1175	186	8	an	an	DET
arjefm-1175	186	9	ex	ex	NOUN
arjefm-1175	186	10	-	-	ADJ
arjefm-1175	186	11	post	post	ADJ
arjefm-1175	186	12	facto	facto	X
arjefm-1175	186	13	design	design	NOUN
arjefm-1175	186	14	was	be	AUX
arjefm-1175	186	15	used	use	VERB
arjefm-1175	186	16	.	.	PUNCT
arjefm-1175	187	1	research	research	NOUN
arjefm-1175	187	2	conducted	conduct	VERB
arjefm-1175	187	3	after	after	SCONJ
arjefm-1175	187	4	the	the	DET
arjefm-1175	187	5	fact	fact	NOUN
arjefm-1175	187	6	is	be	AUX
arjefm-1175	187	7	referred	refer	VERB
arjefm-1175	187	8	to	to	ADP
arjefm-1175	187	9	as	as	ADP
arjefm-1175	187	10	ex	ex	NOUN
arjefm-1175	187	11	-	-	ADJ
arjefm-1175	187	12	post	post	ADJ
arjefm-1175	187	13	facto	facto	X
arjefm-1175	187	14	research	research	NOUN
arjefm-1175	187	15	.	.	PUNCT
arjefm-1175	188	1	this	this	PRON
arjefm-1175	188	2	is	be	AUX
arjefm-1175	188	3	appropriate	appropriate	ADJ
arjefm-1175	188	4	for	for	ADP
arjefm-1175	188	5	the	the	DET
arjefm-1175	188	6	assignment	assignment	NOUN
arjefm-1175	188	7	because	because	SCONJ
arjefm-1175	188	8	it	it	PRON
arjefm-1175	188	9	is	be	AUX
arjefm-1175	188	10	based	base	VERB
arjefm-1175	188	11	on	on	ADP
arjefm-1175	188	12	an	an	DET
arjefm-1175	188	13	event	event	NOUN
arjefm-1175	188	14	that	that	PRON
arjefm-1175	188	15	has	have	AUX
arjefm-1175	188	16	already	already	ADV
arjefm-1175	188	17	happened	happen	VERB
arjefm-1175	188	18	and	and	CCONJ
arjefm-1175	188	19	the	the	DET
arjefm-1175	188	20	researcher	researcher	NOUN
arjefm-1175	188	21	's	's	PART
arjefm-1175	188	22	job	job	NOUN
arjefm-1175	188	23	is	be	AUX
arjefm-1175	188	24	to	to	PART
arjefm-1175	188	25	evaluate	evaluate	VERB
arjefm-1175	188	26	the	the	DET
arjefm-1175	188	27	results	result	NOUN
arjefm-1175	188	28	and	and	CCONJ
arjefm-1175	188	29	make	make	VERB
arjefm-1175	188	30	logical	logical	ADJ
arjefm-1175	188	31	deductions	deduction	NOUN
arjefm-1175	188	32	.	.	PUNCT
arjefm-1175	189	1	our	our	PRON
arjefm-1175	189	2	methodology	methodology	NOUN
arjefm-1175	189	3	was	be	AUX
arjefm-1175	189	4	based	base	VERB
arjefm-1175	189	5	on	on	ADP
arjefm-1175	189	6	the	the	DET
arjefm-1175	189	7	autoregressive	autoregressive	ADJ
arjefm-1175	189	8	distributed	distribute	VERB
arjefm-1175	189	9	lag	lag	NOUN
arjefm-1175	189	10	(	(	PUNCT
arjefm-1175	189	11	ardl	ardl	NOUN
arjefm-1175	189	12	)	)	PUNCT
arjefm-1175	189	13	estimate	estimate	NOUN
arjefm-1175	189	14	model	model	NOUN
arjefm-1175	189	15	used	use	VERB
arjefm-1175	189	16	by	by	ADP
arjefm-1175	189	17	mathebula	mathebula	NOUN
arjefm-1175	189	18	,	,	PUNCT
arjefm-1175	189	19	et	et	PROPN
arjefm-1175	189	20	al	al	PROPN
arjefm-1175	189	21	.	.	PUNCT
arjefm-1175	190	1	(	(	PUNCT
arjefm-1175	190	2	2024	2024	NUM
arjefm-1175	190	3	)	)	PUNCT
arjefm-1175	190	4	,	,	PUNCT
arjefm-1175	190	5	which	which	PRON
arjefm-1175	190	6	investigated	investigate	VERB
arjefm-1175	190	7	the	the	DET
arjefm-1175	190	8	impact	impact	NOUN
arjefm-1175	190	9	of	of	ADP
arjefm-1175	190	10	fdi	fdi	NOUN
arjefm-1175	190	11	on	on	ADP
arjefm-1175	190	12	economic	economic	ADJ
arjefm-1175	190	13	growth	growth	NOUN
arjefm-1175	190	14	in	in	ADP
arjefm-1175	190	15	south	south	PROPN
arjefm-1175	190	16	africa	africa	PROPN
arjefm-1175	190	17	.	.	PUNCT
arjefm-1175	191	1	the	the	DET
arjefm-1175	191	2	econometric	econometric	ADJ
arjefm-1175	191	3	model	model	NOUN
arjefm-1175	191	4	used	use	VERB
arjefm-1175	191	5	by	by	ADP
arjefm-1175	191	6	the	the	DET
arjefm-1175	191	7	authors	author	NOUN
arjefm-1175	191	8	is	be	AUX
arjefm-1175	191	9	described	describe	VERB
arjefm-1175	191	10	as	as	ADP
arjefm-1175	191	11	follows	follow	VERB
arjefm-1175	191	12	:	:	PUNCT
arjefm-1175	191	13	𝐺𝐷𝑃𝑡	𝐺𝐷𝑃𝑡	NOUN
arjefm-1175	191	14	=	=	SYM
arjefm-1175	191	15	𝛽0	𝛽0	PROPN
arjefm-1175	191	16	+	+	CCONJ
arjefm-1175	191	17	𝛽1𝐹𝐷𝐼𝑡	𝛽1𝐹𝐷𝐼𝑡	PROPN
arjefm-1175	191	18	+	+	NUM
arjefm-1175	191	19	𝛽2𝑅𝐼𝑅𝑡	𝛽2𝑅𝐼𝑅𝑡	X
arjefm-1175	191	20	+	+	CCONJ
arjefm-1175	191	21	𝛽3𝐼𝑁𝐹𝑡	𝛽3𝐼𝑁𝐹𝑡	PROPN
arjefm-1175	191	22	+	+	PUNCT
arjefm-1175	191	23	𝛽4𝑆𝑅𝑡	𝛽4𝑆𝑅𝑡	ADP
arjefm-1175	191	24	+	+	CCONJ
arjefm-1175	191	25	𝜀𝑡	𝜀𝑡	NOUN
arjefm-1175	191	26	(	(	PUNCT
arjefm-1175	191	27	1	1	NUM
arjefm-1175	191	28	)	)	PUNCT
arjefm-1175	191	29	where	where	SCONJ
arjefm-1175	191	30	,	,	PUNCT
arjefm-1175	191	31	gdp	gdp	NOUN
arjefm-1175	191	32	=	=	NOUN
arjefm-1175	191	33	growth	growth	NOUN
arjefm-1175	191	34	domestic	domestic	ADJ
arjefm-1175	191	35	product	product	NOUN
arjefm-1175	191	36	(	(	PUNCT
arjefm-1175	191	37	economic	economic	ADJ
arjefm-1175	191	38	growth	growth	NOUN
arjefm-1175	191	39	)	)	PUNCT
arjefm-1175	191	40	in	in	ADP
arjefm-1175	191	41	period	period	NOUN
arjefm-1175	191	42	t	t	PROPN
arjefm-1175	191	43	,	,	PUNCT
arjefm-1175	191	44	fdi	fdi	NOUN
arjefm-1175	191	45	=	=	SYM
arjefm-1175	191	46	foreign	foreign	ADJ
arjefm-1175	191	47	direct	direct	ADJ
arjefm-1175	191	48	investment	investment	NOUN
arjefm-1175	191	49	in	in	ADP
arjefm-1175	191	50	period	period	NOUN
arjefm-1175	191	51	t	t	PROPN
arjefm-1175	191	52	,	,	PUNCT
arjefm-1175	191	53	rir	rir	X
arjefm-1175	191	54	=	=	PUNCT
arjefm-1175	191	55	real	real	ADJ
arjefm-1175	191	56	interest	interest	NOUN
arjefm-1175	191	57	rate	rate	NOUN
arjefm-1175	191	58	in	in	ADP
arjefm-1175	191	59	period	period	NOUN
arjefm-1175	191	60	t	t	PROPN
arjefm-1175	191	61	,	,	PUNCT
arjefm-1175	191	62	inf	inf	ADJ
arjefm-1175	191	63	inflation	inflation	NOUN
arjefm-1175	191	64	rate	rate	NOUN
arjefm-1175	191	65	in	in	ADP
arjefm-1175	191	66	period	period	NOUN
arjefm-1175	191	67	t	t	PROPN
arjefm-1175	191	68	,	,	PUNCT
arjefm-1175	191	69	sr	sr	PROPN
arjefm-1175	191	70	saving	save	VERB
arjefm-1175	191	71	rate	rate	NOUN
arjefm-1175	191	72	in	in	ADP
arjefm-1175	191	73	period	period	NOUN
arjefm-1175	191	74	t.	t.	X
arjefm-1175	192	1	𝛽1−𝛽4	𝛽1−𝛽4	PROPN
arjefm-1175	192	2	coefficient	coefficient	NOUN
arjefm-1175	192	3	parameters	parameter	NOUN
arjefm-1175	192	4	,	,	PUNCT
arjefm-1175	192	5	𝜀𝑡	𝜀𝑡	NOUN
arjefm-1175	192	6	error	error	NOUN
arjefm-1175	192	7	term	term	NOUN
arjefm-1175	192	8	.	.	PUNCT
arjefm-1175	192	9	,	,	PUNCT
arjefm-1175	193	1	while	while	SCONJ
arjefm-1175	193	2	t	t	PROPN
arjefm-1175	193	3	time	time	NOUN
arjefm-1175	193	4	period	period	NOUN
arjefm-1175	193	5	.	.	PUNCT
arjefm-1175	194	1	the	the	DET
arjefm-1175	194	2	prior	prior	ADJ
arjefm-1175	194	3	expectations	expectation	NOUN
arjefm-1175	194	4	are	be	AUX
arjefm-1175	194	5	:	:	PUNCT
arjefm-1175	194	6	𝛽1>0	𝛽1>0	ADJ
arjefm-1175	194	7	;	;	PUNCT
arjefm-1175	194	8	𝛽2<0	𝛽2<0	NUM
arjefm-1175	194	9	;	;	PUNCT
arjefm-1175	194	10	𝛽3<0	𝛽3<0	PROPN
arjefm-1175	194	11	,	,	PUNCT
arjefm-1175	194	12	and	and	CCONJ
arjefm-1175	194	13	𝛽4	𝛽4	PROPN
arjefm-1175	194	14	>	>	X
arjefm-1175	194	15	0	0	PROPN
arjefm-1175	194	16	.	.	PUNCT
arjefm-1175	195	1	but	but	CCONJ
arjefm-1175	195	2	in	in	ADP
arjefm-1175	195	3	order	order	NOUN
arjefm-1175	195	4	to	to	PART
arjefm-1175	195	5	account	account	VERB
arjefm-1175	195	6	for	for	ADP
arjefm-1175	195	7	our	our	PRON
arjefm-1175	195	8	theories	theory	NOUN
arjefm-1175	195	9	,	,	PUNCT
arjefm-1175	195	10	the	the	DET
arjefm-1175	195	11	general	general	ADJ
arjefm-1175	195	12	ardl	ardl	NOUN
arjefm-1175	195	13	model	model	NOUN
arjefm-1175	195	14	is	be	AUX
arjefm-1175	195	15	altered	alter	VERB
arjefm-1175	195	16	as	as	SCONJ
arjefm-1175	195	17	follows	follow	VERB
arjefm-1175	195	18	:	:	PUNCT
arjefm-1175	196	1	δlngdpgrt	δlngdpgrt	NOUN
arjefm-1175	196	2	=	=	SYM
arjefm-1175	196	3	α01	α01	X
arjefm-1175	196	4	+	+	CCONJ
arjefm-1175	196	5	∑	∑	PROPN
arjefm-1175	196	6	α11∆lngdpgrt−1	α11∆lngdpgrt−1	PROPN
arjefm-1175	196	7	p	p	NOUN
arjefm-1175	196	8	t=1	t=1	PROPN
arjefm-1175	197	1	+	+	CCONJ
arjefm-1175	197	2	∑	∑	PUNCT
arjefm-1175	197	3	α2∆lnfdit−1	α2∆lnfdit−1	NOUN
arjefm-1175	197	4	p	p	X
arjefm-1175	197	5	t=1	t=1	PROPN
arjefm-1175	197	6	+	+	CCONJ
arjefm-1175	197	7	∑	∑	PUNCT
arjefm-1175	197	8	α3∆lnfxrt−1	α3∆lnfxrt−1	NOUN
arjefm-1175	197	9	p	p	X
arjefm-1175	197	10	t=1	t=1	PROPN
arjefm-1175	197	11	+	+	CCONJ
arjefm-1175	197	12	∑	∑	PUNCT
arjefm-1175	197	13	α2∆lnct−1	α2∆lnct−1	PROPN
arjefm-1175	197	14	p	p	X
arjefm-1175	197	15	t=1	t=1	PROPN
arjefm-1175	197	16	+	+	NUM
arjefm-1175	197	17	β11lnyt−1+β21lnfxrt−1+β31lnct−1+μ1	β11lnyt−1+β21lnfxrt−1+β31lnct−1+μ1	ADJ
arjefm-1175	197	18	t	t	NOUN
arjefm-1175	197	19	(	(	PUNCT
arjefm-1175	197	20	2	2	NUM
arjefm-1175	197	21	)	)	PUNCT
arjefm-1175	197	22	where	where	SCONJ
arjefm-1175	197	23	,	,	PUNCT
arjefm-1175	197	24	gdpgr𝑡	gdpgr𝑡	ADJ
arjefm-1175	197	25	gross	gross	ADJ
arjefm-1175	197	26	domestic	domestic	ADJ
arjefm-1175	197	27	product	product	NOUN
arjefm-1175	197	28	growth	growth	NOUN
arjefm-1175	197	29	rate	rate	NOUN
arjefm-1175	197	30	,	,	PUNCT
arjefm-1175	197	31	𝐹di𝑡	𝐹di𝑡	PROPN
arjefm-1175	197	32	–	–	PUNCT
arjefm-1175	197	33	foreign	foreign	ADJ
arjefm-1175	197	34	direct	direct	ADJ
arjefm-1175	197	35	investment	investment	NOUN
arjefm-1175	197	36	;	;	PUNCT
arjefm-1175	197	37	𝐶𝑡	𝐶𝑡	PROPN
arjefm-1175	197	38	–	–	PUNCT
arjefm-1175	197	39	matrix	matrix	NOUN
arjefm-1175	197	40	of	of	ADP
arjefm-1175	197	41	control	control	NOUN
arjefm-1175	197	42	variables	variable	NOUN
arjefm-1175	197	43	;	;	PUNCT
arjefm-1175	197	44	𝑡	𝑡	PROPN
arjefm-1175	197	45	–	–	PUNCT
arjefm-1175	197	46	time	time	NOUN
arjefm-1175	197	47	dimension	dimension	NOUN
arjefm-1175	197	48	;	;	PUNCT
arjefm-1175	197	49	𝜇𝑡	𝜇𝑡	X
arjefm-1175	197	50	–	–	PUNCT
arjefm-1175	197	51	stochastic	stochastic	ADJ
arjefm-1175	197	52	term	term	NOUN
arjefm-1175	197	53	;	;	PUNCT
arjefm-1175	197	54	𝑙𝑛	𝑙𝑛	NOUN
arjefm-1175	197	55	–	–	PUNCT
arjefm-1175	197	56	natural	natural	ADJ
arjefm-1175	197	57	log	log	NOUN
arjefm-1175	197	58	;	;	PUNCT
arjefm-1175	197	59	𝛼0	𝛼0	PROPN
arjefm-1175	197	60	–	–	PUNCT
arjefm-1175	197	61	constant	constant	ADJ
arjefm-1175	197	62	term	term	NOUN
arjefm-1175	197	63	;	;	PUNCT
arjefm-1175	197	64	𝛼1	𝛼1	NOUN
arjefm-1175	197	65	𝑎𝑛𝑑	𝑎𝑛𝑑	VERB
arjefm-1175	197	66	𝛼2	𝛼2	ADJ
arjefm-1175	197	67	–	–	PUNCT
arjefm-1175	197	68	coefficients	coefficient	NOUN
arjefm-1175	197	69	are	be	AUX
arjefm-1175	197	70	associated	associate	VERB
arjefm-1175	197	71	with	with	ADP
arjefm-1175	197	72	the	the	DET
arjefm-1175	197	73	logarithms	logarithm	NOUN
arjefm-1175	197	74	of	of	ADP
arjefm-1175	197	75	fdi	fdi	NOUN
arjefm-1175	197	76	and	and	CCONJ
arjefm-1175	197	77	control	control	PROPN
arjefm-1175	197	78	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	197	79	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	198	1	american	american	PROPN
arjefm-1175	198	2	research	research	PROPN
arjefm-1175	198	3	journal	journal	PROPN
arjefm-1175	198	4	of	of	ADP
arjefm-1175	198	5	economics	economic	NOUN
arjefm-1175	198	6	,	,	PUNCT
arjefm-1175	198	7	finance	finance	NOUN
arjefm-1175	198	8	and	and	CCONJ
arjefm-1175	198	9	management	management	NOUN
arjefm-1175	198	10	volume	volume	NOUN
arjefm-1175	198	11	13	13	NUM
arjefm-1175	198	12	issue	issue	NOUN
arjefm-1175	198	13	1	1	NUM
arjefm-1175	198	14	,	,	PUNCT
arjefm-1175	198	15	january	january	PROPN
arjefm-1175	198	16	-	-	PUNCT
arjefm-1175	198	17	march	march	PROPN
arjefm-1175	198	18	2025	2025	NUM
arjefm-1175	198	19	issn	issn	NOUN
arjefm-1175	198	20	:	:	PUNCT
arjefm-1175	198	21	2836	2836	NUM
arjefm-1175	198	22	-	-	SYM
arjefm-1175	198	23	9416	9416	NUM
arjefm-1175	198	24	impact	impact	NOUN
arjefm-1175	198	25	factor	factor	NOUN
arjefm-1175	198	26	:	:	PUNCT
arjefm-1175	198	27	6.41	6.41	NUM
arjefm-1175	198	28	journal	journal	NOUN
arjefm-1175	198	29	homepage	homepage	NOUN
arjefm-1175	198	30	:	:	PUNCT
arjefm-1175	198	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	198	32	,	,	PUNCT
arjefm-1175	198	33	email	email	NOUN
arjefm-1175	198	34	:	:	PUNCT
arjefm-1175	199	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	199	2	official	official	ADJ
arjefm-1175	199	3	journal	journal	PROPN
arjefm-1175	199	4	of	of	ADP
arjefm-1175	199	5	america	america	PROPN
arjefm-1175	199	6	serial	serial	PROPN
arjefm-1175	199	7	publication	publication	NOUN
arjefm-1175	199	8	american	american	PROPN
arjefm-1175	199	9	research	research	PROPN
arjefm-1175	199	10	journal	journal	PROPN
arjefm-1175	199	11	of	of	ADP
arjefm-1175	199	12	economics	economic	NOUN
arjefm-1175	199	13	,	,	PUNCT
arjefm-1175	199	14	finance	finance	NOUN
arjefm-1175	199	15	and	and	CCONJ
arjefm-1175	199	16	management	management	NOUN
arjefm-1175	199	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	199	18	,	,	PUNCT
arjefm-1175	199	19	email	email	NOUN
arjefm-1175	199	20	:	:	PUNCT
arjefm-1175	199	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	200	1	184	184	NUM
arjefm-1175	200	2	|	|	ADV
arjefm-1175	200	3	p	p	X
arjefm-1175	200	4	a	a	DET
arjefm-1175	200	5	g	g	NOUN
arjefm-1175	200	6	e	e	NOUN
arjefm-1175	200	7	variables	variable	NOUN
arjefm-1175	200	8	,	,	PUNCT
arjefm-1175	200	9	respectively	respectively	ADV
arjefm-1175	200	10	.	.	PUNCT
arjefm-1175	201	1	the	the	DET
arjefm-1175	201	2	variables	variable	NOUN
arjefm-1175	201	3	were	be	AUX
arjefm-1175	201	4	transformed	transform	VERB
arjefm-1175	201	5	into	into	ADP
arjefm-1175	201	6	logarithms	logarithm	NOUN
arjefm-1175	201	7	to	to	PART
arjefm-1175	201	8	reduce	reduce	VERB
arjefm-1175	201	9	the	the	DET
arjefm-1175	201	10	serial	serial	ADJ
arjefm-1175	201	11	correlation	correlation	NOUN
arjefm-1175	201	12	problem	problem	NOUN
arjefm-1175	201	13	(	(	PUNCT
arjefm-1175	201	14	gisore	gisore	ADJ
arjefm-1175	201	15	,	,	PUNCT
arjefm-1175	201	16	2021	2021	NUM
arjefm-1175	201	17	)	)	PUNCT
arjefm-1175	201	18	.	.	PUNCT
arjefm-1175	202	1	equation	equation	NOUN
arjefm-1175	202	2	3	3	NUM
arjefm-1175	202	3	was	be	AUX
arjefm-1175	202	4	used	use	VERB
arjefm-1175	202	5	to	to	PART
arjefm-1175	202	6	examine	examine	VERB
arjefm-1175	202	7	the	the	DET
arjefm-1175	202	8	long	long	ADJ
arjefm-1175	202	9	-	-	PUNCT
arjefm-1175	202	10	term	term	NOUN
arjefm-1175	202	11	relationship	relationship	NOUN
arjefm-1175	202	12	,	,	PUNCT
arjefm-1175	202	13	as	as	SCONJ
arjefm-1175	202	14	seen	see	VERB
arjefm-1175	202	15	below	below	ADV
arjefm-1175	202	16	.	.	PUNCT
arjefm-1175	203	1	lngdpgrt	lngdpgrt	PROPN
arjefm-1175	203	2	=	=	SYM
arjefm-1175	204	1	α0	α0	PROPN
arjefm-1175	204	2	+	+	CCONJ
arjefm-1175	204	3	σ	σ	PROPN
arjefm-1175	204	4	α1ilngdpgrt−i	α1ilngdpgrt−i	PROPN
arjefm-1175	204	5	p	p	X
arjefm-1175	204	6	i=1	i=1	PROPN
arjefm-1175	205	1	+	+	PROPN
arjefm-1175	205	2	σ	σ	PROPN
arjefm-1175	205	3	α2ilnfdit−i	α2ilnfdit−i	PROPN
arjefm-1175	205	4	w	w	PROPN
arjefm-1175	205	5	i=0	i=0	PROPN
arjefm-1175	205	6	+	+	PROPN
arjefm-1175	205	7	σ	σ	PROPN
arjefm-1175	205	8	α3ilnct−i	α3ilnct−i	PROPN
arjefm-1175	205	9	w	w	PROPN
arjefm-1175	205	10	i=0	i=0	PROPN
arjefm-1175	205	11	+	+	NUM
arjefm-1175	205	12	μit	μit	NOUN
arjefm-1175	205	13	(	(	PUNCT
arjefm-1175	205	14	3	3	NUM
arjefm-1175	205	15	)	)	PUNCT
arjefm-1175	205	16	table	table	NOUN
arjefm-1175	205	17	3.1	3.1	NUM
arjefm-1175	205	18	provides	provide	VERB
arjefm-1175	205	19	the	the	DET
arjefm-1175	205	20	following	follow	VERB
arjefm-1175	205	21	description	description	NOUN
arjefm-1175	205	22	of	of	ADP
arjefm-1175	205	23	the	the	DET
arjefm-1175	205	24	variables	variable	NOUN
arjefm-1175	205	25	in	in	ADP
arjefm-1175	205	26	our	our	PRON
arjefm-1175	205	27	models	model	NOUN
arjefm-1175	205	28	:	:	PUNCT
arjefm-1175	205	29	table	table	NOUN
arjefm-1175	205	30	3.1	3.1	NUM
arjefm-1175	205	31	:	:	PUNCT
arjefm-1175	205	32	summary	summary	NOUN
arjefm-1175	205	33	of	of	ADP
arjefm-1175	205	34	model	model	NOUN
arjefm-1175	205	35	variable	variable	ADJ
arjefm-1175	205	36	description	description	NOUN
arjefm-1175	205	37	variable	variable	ADJ
arjefm-1175	205	38	abbreviati	abbreviati	PROPN
arjefm-1175	205	39	on	on	ADP
arjefm-1175	205	40	measurement	measurement	NOUN
arjefm-1175	205	41	data	datum	NOUN
arjefm-1175	205	42	source	source	NOUN
arjefm-1175	205	43	expected	expect	VERB
arjefm-1175	205	44	sign	sign	VERB
arjefm-1175	205	45	dependent	dependent	ADJ
arjefm-1175	205	46	variable	variable	ADJ
arjefm-1175	205	47	economic	economic	ADJ
arjefm-1175	205	48	growth	growth	NOUN
arjefm-1175	205	49	gdpgr	gdpgr	VERB
arjefm-1175	205	50	gdp	gdp	NOUN
arjefm-1175	205	51	growth	growth	PROPN
arjefm-1175	205	52	rate	rate	NOUN
arjefm-1175	205	53	world	world	NOUN
arjefm-1175	205	54	development	development	NOUN
arjefm-1175	205	55	indicators	indicator	NOUN
arjefm-1175	205	56	dependent	dependent	ADJ
arjefm-1175	205	57	variable	variable	ADJ
arjefm-1175	205	58	independent	independent	ADJ
arjefm-1175	205	59	variables	variable	NOUN
arjefm-1175	205	60	foreign	foreign	ADJ
arjefm-1175	205	61	direct	direct	ADJ
arjefm-1175	205	62	investment	investment	NOUN
arjefm-1175	205	63	fdi	fdi	PROPN
arjefm-1175	205	64	fdi	fdi	PROPN
arjefm-1175	205	65	,	,	PUNCT
arjefm-1175	205	66	net	net	ADJ
arjefm-1175	205	67	inflow	inflow	NOUN
arjefm-1175	205	68	world	world	NOUN
arjefm-1175	205	69	development	development	NOUN
arjefm-1175	205	70	indicators	indicator	NOUN
arjefm-1175	205	71	positive	positive	ADJ
arjefm-1175	205	72	(	(	PUNCT
arjefm-1175	205	73	ofori	ofori	X
arjefm-1175	205	74	&	&	CCONJ
arjefm-1175	205	75	asongu	asongu	PROPN
arjefm-1175	205	76	,	,	PUNCT
arjefm-1175	205	77	2022	2022	NUM
arjefm-1175	205	78	)	)	PUNCT
arjefm-1175	205	79	foreign	foreign	ADJ
arjefm-1175	205	80	exchange	exchange	NOUN
arjefm-1175	205	81	rate	rate	NOUN
arjefm-1175	205	82	fxr	fxr	NOUN
arjefm-1175	205	83	value	value	NOUN
arjefm-1175	205	84	of	of	ADP
arjefm-1175	205	85	naira	naira	NUM
arjefm-1175	205	86	to	to	PART
arjefm-1175	205	87	usd	usd	NOUN
arjefm-1175	205	88	world	world	NOUN
arjefm-1175	205	89	development	development	NOUN
arjefm-1175	205	90	indicators	indicator	NOUN
arjefm-1175	205	91	negative	negative	ADJ
arjefm-1175	205	92	(	(	PUNCT
arjefm-1175	205	93	nyoni	nyoni	VERB
arjefm-1175	205	94	,	,	PUNCT
arjefm-1175	205	95	et	et	PROPN
arjefm-1175	205	96	al	al	PROPN
arjefm-1175	205	97	.	.	PROPN
arjefm-1175	205	98	,	,	PUNCT
arjefm-1175	205	99	2021	2021	NUM
arjefm-1175	205	100	)	)	PUNCT
arjefm-1175	205	101	control	control	NOUN
arjefm-1175	205	102	variables	variable	VERB
arjefm-1175	205	103	trade	trade	NOUN
arjefm-1175	205	104	openness	openness	NOUN
arjefm-1175	205	105	top	top	ADJ
arjefm-1175	205	106	total	total	ADJ
arjefm-1175	205	107	trade	trade	NOUN
arjefm-1175	205	108	per	per	ADP
arjefm-1175	205	109	gdp	gdp	NOUN
arjefm-1175	205	110	world	world	PROPN
arjefm-1175	205	111	development	development	PROPN
arjefm-1175	205	112	.	.	PUNCT
arjefm-1175	206	1	indicators	indicator	NOUN
arjefm-1175	206	2	positive	positive	ADJ
arjefm-1175	206	3	(	(	PUNCT
arjefm-1175	206	4	malefane	malefane	PROPN
arjefm-1175	206	5	&	&	CCONJ
arjefm-1175	206	6	odhiambo	odhiambo	ADJ
arjefm-1175	206	7	,	,	PUNCT
arjefm-1175	206	8	2018	2018	NUM
arjefm-1175	206	9	)	)	PUNCT
arjefm-1175	206	10	inflation	inflation	NOUN
arjefm-1175	206	11	rate	rate	NOUN
arjefm-1175	206	12	ifr	ifr	PROPN
arjefm-1175	206	13	consumer	consumer	NOUN
arjefm-1175	206	14	price	price	NOUN
arjefm-1175	206	15	index	index	NOUN
arjefm-1175	206	16	world	world	PROPN
arjefm-1175	206	17	dev	dev	PROPN
arjefm-1175	206	18	.	.	PUNCT
arjefm-1175	207	1	indicators	indicator	NOUN
arjefm-1175	207	2	negative	negative	ADJ
arjefm-1175	207	3	source	source	NOUN
arjefm-1175	207	4	:	:	PUNCT
arjefm-1175	207	5	author	author	NOUN
arjefm-1175	207	6	's	's	PART
arjefm-1175	207	7	compilations	compilation	NOUN
arjefm-1175	207	8	,	,	PUNCT
arjefm-1175	207	9	2024	2024	NUM
arjefm-1175	207	10	4	4	NUM
arjefm-1175	207	11	.	.	PUNCT
arjefm-1175	208	1	data	datum	NOUN
arjefm-1175	208	2	analysis	analysis	NOUN
arjefm-1175	208	3	to	to	PART
arjefm-1175	208	4	determine	determine	VERB
arjefm-1175	208	5	if	if	SCONJ
arjefm-1175	208	6	a	a	DET
arjefm-1175	208	7	time	time	NOUN
arjefm-1175	208	8	series	series	NOUN
arjefm-1175	208	9	variable	variable	NOUN
arjefm-1175	208	10	is	be	AUX
arjefm-1175	208	11	stationary	stationary	ADJ
arjefm-1175	208	12	or	or	CCONJ
arjefm-1175	208	13	has	have	VERB
arjefm-1175	208	14	a	a	DET
arjefm-1175	208	15	unit	unit	NOUN
arjefm-1175	208	16	root	root	NOUN
arjefm-1175	208	17	,	,	PUNCT
arjefm-1175	208	18	the	the	DET
arjefm-1175	208	19	phillips	phillips	PROPN
arjefm-1175	208	20	-	-	PUNCT
arjefm-1175	208	21	perron	perron	PROPN
arjefm-1175	208	22	(	(	PUNCT
arjefm-1175	208	23	pp	pp	ADJ
arjefm-1175	208	24	)	)	PUNCT
arjefm-1175	208	25	unit	unit	NOUN
arjefm-1175	208	26	root	root	NOUN
arjefm-1175	208	27	test	test	NOUN
arjefm-1175	208	28	was	be	AUX
arjefm-1175	208	29	used	use	VERB
arjefm-1175	208	30	.	.	PUNCT
arjefm-1175	209	1	the	the	DET
arjefm-1175	209	2	unit	unit	NOUN
arjefm-1175	209	3	root	root	NOUN
arjefm-1175	209	4	results	result	NOUN
arjefm-1175	209	5	for	for	ADP
arjefm-1175	209	6	the	the	DET
arjefm-1175	209	7	sample	sample	NOUN
arjefm-1175	209	8	data	datum	NOUN
arjefm-1175	209	9	are	be	AUX
arjefm-1175	209	10	shown	show	VERB
arjefm-1175	209	11	in	in	ADP
arjefm-1175	209	12	table	table	NOUN
arjefm-1175	209	13	4.1	4.1	NUM
arjefm-1175	209	14	.	.	PUNCT
arjefm-1175	209	15	table	table	NOUN
arjefm-1175	209	16	4.1	4.1	NUM
arjefm-1175	209	17	:	:	PUNCT
arjefm-1175	209	18	summary	summary	NOUN
arjefm-1175	209	19	of	of	ADP
arjefm-1175	209	20	pp	pp	PROPN
arjefm-1175	209	21	unit	unit	NOUN
arjefm-1175	209	22	root	root	PROPN
arjefm-1175	209	23	test	test	NOUN
arjefm-1175	209	24	results	result	VERB
arjefm-1175	209	25	variable	variable	ADJ
arjefm-1175	209	26	t	t	NOUN
arjefm-1175	209	27	-	-	PUNCT
arjefm-1175	209	28	stat	stat	NOUN
arjefm-1175	209	29	.	.	PUNCT
arjefm-1175	210	1	critical	critical	ADJ
arjefm-1175	210	2	values	value	NOUN
arjefm-1175	210	3	@5	@5	VERB
arjefm-1175	210	4	%	%	NOUN
arjefm-1175	210	5	p	p	NOUN
arjefm-1175	210	6	-	-	PUNCT
arjefm-1175	210	7	value	value	NOUN
arjefm-1175	210	8	order	order	NOUN
arjefm-1175	210	9	of	of	ADP
arjefm-1175	210	10	integration	integration	NOUN
arjefm-1175	210	11	inference	inference	NOUN
arjefm-1175	210	12	lngdpgr	lngdpgr	NOUN
arjefm-1175	210	13	-3.245	-3.245	PUNCT
arjefm-1175	210	14	-2.951	-2.951	NOUN
arjefm-1175	210	15	0.0259	0.0259	NUM
arjefm-1175	210	16	i(0	i(0	PROPN
arjefm-1175	210	17	)	)	PUNCT
arjefm-1175	210	18	stationary	stationary	ADJ
arjefm-1175	210	19	lnfdi	lnfdi	NOUN
arjefm-1175	210	20	-5.086	-5.086	PUNCT
arjefm-1175	210	21	-3.548	-3.548	PROPN
arjefm-1175	210	22	0.0012	0.0012	NUM
arjefm-1175	210	23	i(0	i(0	PROPN
arjefm-1175	210	24	)	)	PUNCT
arjefm-1175	210	25	stationary	stationary	ADJ
arjefm-1175	210	26	dlnfxr	dlnfxr	NOUN
arjefm-1175	210	27	-7.232	-7.232	PUNCT
arjefm-1175	210	28	-2.954	-2.954	VERB
arjefm-1175	210	29	0.0000	0.0000	NUM
arjefm-1175	210	30	i(1	i(1	NOUN
arjefm-1175	210	31	)	)	PUNCT
arjefm-1175	210	32	stationary	stationary	ADJ
arjefm-1175	210	33	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	210	34	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	210	35	american	american	PROPN
arjefm-1175	210	36	research	research	PROPN
arjefm-1175	210	37	journal	journal	PROPN
arjefm-1175	210	38	of	of	ADP
arjefm-1175	210	39	economics	economic	NOUN
arjefm-1175	210	40	,	,	PUNCT
arjefm-1175	210	41	finance	finance	NOUN
arjefm-1175	210	42	and	and	CCONJ
arjefm-1175	210	43	management	management	NOUN
arjefm-1175	210	44	volume	volume	NOUN
arjefm-1175	210	45	13	13	NUM
arjefm-1175	210	46	issue	issue	NOUN
arjefm-1175	210	47	1	1	NUM
arjefm-1175	210	48	,	,	PUNCT
arjefm-1175	210	49	january	january	PROPN
arjefm-1175	210	50	-	-	PUNCT
arjefm-1175	210	51	march	march	PROPN
arjefm-1175	210	52	2025	2025	NUM
arjefm-1175	210	53	issn	issn	NOUN
arjefm-1175	210	54	:	:	PUNCT
arjefm-1175	210	55	2836	2836	NUM
arjefm-1175	210	56	-	-	SYM
arjefm-1175	210	57	9416	9416	NUM
arjefm-1175	210	58	impact	impact	NOUN
arjefm-1175	210	59	factor	factor	NOUN
arjefm-1175	210	60	:	:	PUNCT
arjefm-1175	210	61	6.41	6.41	NUM
arjefm-1175	210	62	journal	journal	NOUN
arjefm-1175	210	63	homepage	homepage	NOUN
arjefm-1175	210	64	:	:	PUNCT
arjefm-1175	210	65	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	210	66	,	,	PUNCT
arjefm-1175	210	67	email	email	NOUN
arjefm-1175	210	68	:	:	PUNCT
arjefm-1175	210	69	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	210	70	official	official	ADJ
arjefm-1175	210	71	journal	journal	PROPN
arjefm-1175	210	72	of	of	ADP
arjefm-1175	210	73	america	america	PROPN
arjefm-1175	210	74	serial	serial	PROPN
arjefm-1175	210	75	publication	publication	NOUN
arjefm-1175	210	76	american	american	PROPN
arjefm-1175	210	77	research	research	PROPN
arjefm-1175	210	78	journal	journal	PROPN
arjefm-1175	210	79	of	of	ADP
arjefm-1175	210	80	economics	economic	NOUN
arjefm-1175	210	81	,	,	PUNCT
arjefm-1175	210	82	finance	finance	NOUN
arjefm-1175	210	83	and	and	CCONJ
arjefm-1175	210	84	management	management	NOUN
arjefm-1175	210	85	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	210	86	,	,	PUNCT
arjefm-1175	210	87	email	email	NOUN
arjefm-1175	210	88	:	:	PUNCT
arjefm-1175	210	89	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	210	90	185	185	NUM
arjefm-1175	211	1	|	|	ADV
arjefm-1175	211	2	p	p	X
arjefm-1175	211	3	a	a	DET
arjefm-1175	211	4	g	g	NOUN
arjefm-1175	211	5	e	e	NOUN
arjefm-1175	211	6	dlntop	dlntop	ADJ
arjefm-1175	211	7	dlnifr	dlnifr	PROPN
arjefm-1175	211	8	-7.153	-7.153	PROPN
arjefm-1175	211	9	-12.213	-12.213	X
arjefm-1175	211	10	-3.553	-3.553	PUNCT
arjefm-1175	211	11	-3.552	-3.552	SYM
arjefm-1175	211	12	0.000	0.000	NUM
arjefm-1175	211	13	0.0000	0.0000	NUM
arjefm-1175	211	14	i(1	i(1	PROPN
arjefm-1175	211	15	)	)	PUNCT
arjefm-1175	211	16	i(1	i(1	PROPN
arjefm-1175	211	17	)	)	PUNCT
arjefm-1175	211	18	stationary	stationary	ADJ
arjefm-1175	211	19	stationary	stationary	ADJ
arjefm-1175	211	20	source	source	NOUN
arjefm-1175	211	21	:	:	PUNCT
arjefm-1175	211	22	author	author	NOUN
arjefm-1175	211	23	’s	’s	PART
arjefm-1175	211	24	extract	extract	NOUN
arjefm-1175	211	25	from	from	ADP
arjefm-1175	211	26	e	e	NOUN
arjefm-1175	211	27	-	-	NOUN
arjefm-1175	211	28	views	view	NOUN
arjefm-1175	211	29	table	table	NOUN
arjefm-1175	211	30	4.1	4.1	NUM
arjefm-1175	211	31	outcomes	outcome	NOUN
arjefm-1175	211	32	are	be	AUX
arjefm-1175	211	33	confirmed	confirm	VERB
arjefm-1175	211	34	by	by	ADP
arjefm-1175	211	35	the	the	DET
arjefm-1175	211	36	pp	pp	PROPN
arjefm-1175	211	37	test	test	NOUN
arjefm-1175	211	38	which	which	PRON
arjefm-1175	211	39	also	also	ADV
arjefm-1175	211	40	found	find	VERB
arjefm-1175	211	41	gdp	gdp	NOUN
arjefm-1175	211	42	and	and	CCONJ
arjefm-1175	211	43	fdi	fdi	NOUN
arjefm-1175	211	44	stationary	stationary	NOUN
arjefm-1175	211	45	at	at	ADP
arjefm-1175	211	46	level	level	NOUN
arjefm-1175	211	47	of	of	ADP
arjefm-1175	211	48	form	form	NOUN
arjefm-1175	211	49	as	as	SCONJ
arjefm-1175	211	50	revealed	reveal	VERB
arjefm-1175	211	51	by	by	ADP
arjefm-1175	211	52	the	the	DET
arjefm-1175	211	53	-3.245	-3.245	PROPN
arjefm-1175	211	54	for	for	ADP
arjefm-1175	211	55	gdpgr	gdpgr	NOUN
arjefm-1175	211	56	and	and	CCONJ
arjefm-1175	211	57	-5.086	-5.086	NOUN
arjefm-1175	211	58	for	for	ADP
arjefm-1175	211	59	fdi	fdi	PROPN
arjefm-1175	211	60	,	,	PUNCT
arjefm-1175	211	61	which	which	PRON
arjefm-1175	211	62	are	be	AUX
arjefm-1175	211	63	both	both	ADV
arjefm-1175	211	64	less	less	ADJ
arjefm-1175	211	65	than	than	ADP
arjefm-1175	211	66	their	their	PRON
arjefm-1175	211	67	critical	critical	ADJ
arjefm-1175	211	68	values	value	NOUN
arjefm-1175	211	69	of	of	ADP
arjefm-1175	211	70	-2.951	-2.951	NOUN
arjefm-1175	211	71	and	and	CCONJ
arjefm-1175	211	72	-3.548	-3.548	NOUN
arjefm-1175	211	73	.	.	PUNCT
arjefm-1175	212	1	fxr	fxr	NOUN
arjefm-1175	212	2	,	,	PUNCT
arjefm-1175	212	3	top	top	NOUN
arjefm-1175	212	4	and	and	CCONJ
arjefm-1175	212	5	ifr	ifr	PROPN
arjefm-1175	212	6	are	be	AUX
arjefm-1175	212	7	non	non	ADJ
arjefm-1175	212	8	-	-	ADJ
arjefm-1175	212	9	stationary	stationary	ADJ
arjefm-1175	212	10	at	at	ADP
arjefm-1175	212	11	level	level	NOUN
arjefm-1175	212	12	form	form	NOUN
arjefm-1175	212	13	.	.	PUNCT
arjefm-1175	213	1	they	they	PRON
arjefm-1175	213	2	,	,	PUNCT
arjefm-1175	213	3	however	however	ADV
arjefm-1175	213	4	become	become	VERB
arjefm-1175	213	5	stationary	stationary	ADJ
arjefm-1175	213	6	after	after	ADP
arjefm-1175	213	7	first	first	ADV
arjefm-1175	213	8	differencing	difference	VERB
arjefm-1175	213	9	with	with	ADP
arjefm-1175	213	10	all	all	DET
arjefm-1175	213	11	three	three	NUM
arjefm-1175	213	12	variables	variable	NOUN
arjefm-1175	213	13	(	(	PUNCT
arjefm-1175	213	14	fxr	fxr	NOUN
arjefm-1175	213	15	,	,	PUNCT
arjefm-1175	213	16	top	top	ADJ
arjefm-1175	213	17	,	,	PUNCT
arjefm-1175	213	18	ifr	ifr	PROPN
arjefm-1175	213	19	)	)	PUNCT
arjefm-1175	213	20	having	have	VERB
arjefm-1175	213	21	a	a	DET
arjefm-1175	213	22	common	common	ADJ
arjefm-1175	213	23	p	p	NOUN
arjefm-1175	213	24	–	–	PUNCT
arjefm-1175	213	25	value	value	NOUN
arjefm-1175	213	26	of	of	ADP
arjefm-1175	213	27	0.0000	0.0000	NUM
arjefm-1175	213	28	,	,	PUNCT
arjefm-1175	213	29	which	which	PRON
arjefm-1175	213	30	is	be	AUX
arjefm-1175	213	31	below	below	ADP
arjefm-1175	213	32	0.05	0.05	NUM
arjefm-1175	213	33	,	,	PUNCT
arjefm-1175	213	34	leading	lead	VERB
arjefm-1175	213	35	to	to	ADP
arjefm-1175	213	36	the	the	DET
arjefm-1175	213	37	conclusion	conclusion	NOUN
arjefm-1175	213	38	that	that	SCONJ
arjefm-1175	213	39	there	there	PRON
arjefm-1175	213	40	is	be	VERB
arjefm-1175	213	41	no	no	DET
arjefm-1175	213	42	unit	unit	NOUN
arjefm-1175	213	43	root	root	NOUN
arjefm-1175	213	44	after	after	ADP
arjefm-1175	213	45	first	first	ADJ
arjefm-1175	213	46	differencing	differencing	NOUN
arjefm-1175	213	47	.	.	PUNCT
arjefm-1175	214	1	gdp	gdp	NOUN
arjefm-1175	214	2	and	and	CCONJ
arjefm-1175	214	3	fdi	fdi	PROPN
arjefm-1175	214	4	,	,	PUNCT
arjefm-1175	214	5	therefore	therefore	ADV
arjefm-1175	214	6	,	,	PUNCT
arjefm-1175	214	7	are	be	AUX
arjefm-1175	214	8	integrated	integrate	VERB
arjefm-1175	214	9	to	to	PART
arjefm-1175	214	10	order	order	VERB
arjefm-1175	214	11	zero	zero	NUM
arjefm-1175	214	12	i(0	i(0	PROPN
arjefm-1175	214	13	)	)	PUNCT
arjefm-1175	214	14	,	,	PUNCT
arjefm-1175	214	15	whilst	whilst	SCONJ
arjefm-1175	214	16	fxr	fxr	NOUN
arjefm-1175	214	17	,	,	PUNCT
arjefm-1175	214	18	top	top	ADJ
arjefm-1175	214	19	and	and	CCONJ
arjefm-1175	214	20	ifr	ifr	PROPN
arjefm-1175	214	21	are	be	AUX
arjefm-1175	214	22	integrated	integrate	VERB
arjefm-1175	214	23	to	to	PART
arjefm-1175	214	24	order	order	VERB
arjefm-1175	214	25	one	one	NUM
arjefm-1175	214	26	i(1	i(1	NOUN
arjefm-1175	214	27	)	)	PUNCT
arjefm-1175	214	28	.	.	PUNCT
arjefm-1175	215	1	this	this	PRON
arjefm-1175	215	2	makes	make	VERB
arjefm-1175	215	3	the	the	DET
arjefm-1175	215	4	ardl	ardl	NOUN
arjefm-1175	215	5	method	method	NOUN
arjefm-1175	215	6	applicable	applicable	ADJ
arjefm-1175	215	7	to	to	PART
arjefm-1175	215	8	estimate	estimate	VERB
arjefm-1175	215	9	the	the	DET
arjefm-1175	215	10	growth	growth	NOUN
arjefm-1175	215	11	model	model	NOUN
arjefm-1175	215	12	since	since	SCONJ
arjefm-1175	215	13	the	the	DET
arjefm-1175	215	14	variables	variable	NOUN
arjefm-1175	215	15	are	be	AUX
arjefm-1175	215	16	integrated	integrate	VERB
arjefm-1175	215	17	of	of	ADP
arjefm-1175	215	18	orders	order	NOUN
arjefm-1175	215	19	zero	zero	NUM
arjefm-1175	215	20	and	and	CCONJ
arjefm-1175	215	21	one	one	NUM
arjefm-1175	215	22	,	,	PUNCT
arjefm-1175	215	23	that	that	ADV
arjefm-1175	215	24	is	is	ADV
arjefm-1175	215	25	,	,	PUNCT
arjefm-1175	215	26	i(0	i(0	PROPN
arjefm-1175	215	27	)	)	PUNCT
arjefm-1175	215	28	and	and	CCONJ
arjefm-1175	215	29	i(1	i(1	PROPN
arjefm-1175	215	30	)	)	PUNCT
arjefm-1175	215	31	.	.	PUNCT
arjefm-1175	216	1	ardl	ardl	NOUN
arjefm-1175	216	2	model	model	PROPN
arjefm-1175	216	3	regression	regression	NOUN
arjefm-1175	216	4	results	result	NOUN
arjefm-1175	216	5	long	long	ADV
arjefm-1175	216	6	–	–	PUNCT
arjefm-1175	216	7	run	run	ADJ
arjefm-1175	216	8	estimates	estimate	NOUN
arjefm-1175	216	9	table	table	VERB
arjefm-1175	216	10	4.2	4.2	NUM
arjefm-1175	216	11	:	:	PUNCT
arjefm-1175	216	12	ardl	ardl	NOUN
arjefm-1175	216	13	model	model	NOUN
arjefm-1175	216	14	results	result	NOUN
arjefm-1175	216	15	long	long	ADV
arjefm-1175	216	16	–	–	PUNCT
arjefm-1175	216	17	run	run	ADJ
arjefm-1175	216	18	estimates	estimate	VERB
arjefm-1175	216	19	variable	variable	ADJ
arjefm-1175	216	20	coefficient	coefficient	NOUN
arjefm-1175	216	21	standard	standard	ADJ
arjefm-1175	216	22	error	error	NOUN
arjefm-1175	216	23	t	t	NOUN
arjefm-1175	216	24	-	-	PUNCT
arjefm-1175	216	25	statistic	statistic	NOUN
arjefm-1175	216	26	probability	probability	NOUN
arjefm-1175	216	27	fdi	fdi	NOUN
arjefm-1175	216	28	-0.2193	-0.2193	NOUN
arjefm-1175	217	1	0.2584	0.2584	NUM
arjefm-1175	217	2	-0.8488	-0.8488	NOUN
arjefm-1175	217	3	0.4052	0.4052	NUM
arjefm-1175	217	4	fxr	fxr	NOUN
arjefm-1175	217	5	-0.8596	-0.8596	NOUN
arjefm-1175	217	6	0.1583	0.1583	NUM
arjefm-1175	217	7	-5.4312	-5.4312	ADJ
arjefm-1175	217	8	0.0000	0.0000	NUM
arjefm-1175	217	9	topn	topn	VERB
arjefm-1175	217	10	-0.3145	-0.3145	NOUN
arjefm-1175	217	11	0.1387	0.1387	NUM
arjefm-1175	217	12	-2.2674	-2.2674	NOUN
arjefm-1175	217	13	0.0335	0.0335	NUM
arjefm-1175	217	14	ifr	ifr	PROPN
arjefm-1175	217	15	0.2503	0.2503	NUM
arjefm-1175	217	16	0.3458	0.3458	NUM
arjefm-1175	217	17	0.7239	0.7239	NUM
arjefm-1175	217	18	0.4768	0.4768	NUM
arjefm-1175	217	19	source	source	NOUN
arjefm-1175	217	20	:	:	PUNCT
arjefm-1175	217	21	author	author	NOUN
arjefm-1175	217	22	(	(	PUNCT
arjefm-1175	217	23	compiled	compile	VERB
arjefm-1175	217	24	from	from	ADP
arjefm-1175	217	25	e	e	NOUN
arjefm-1175	217	26	-	-	NOUN
arjefm-1175	217	27	views	view	NOUN
arjefm-1175	217	28	)	)	PUNCT
arjefm-1175	217	29	gdpgr	gdpgr	NOUN
arjefm-1175	217	30	=	=	SYM
arjefm-1175	217	31	-0.2193fdi	-0.2193fdi	NOUN
arjefm-1175	217	32	0.8596fexr	0.8596fexr	NUM
arjefm-1175	217	33	0.3145topn	0.3145topn	PUNCT
arjefm-1175	218	1	+	+	NUM
arjefm-1175	218	2	0.2503ifr	0.2503ifr	NOUN
arjefm-1175	218	3	the	the	DET
arjefm-1175	218	4	effect	effect	NOUN
arjefm-1175	218	5	of	of	ADP
arjefm-1175	218	6	major	major	ADJ
arjefm-1175	218	7	independent	independent	ADJ
arjefm-1175	218	8	variables	variable	NOUN
arjefm-1175	218	9	(	(	PUNCT
arjefm-1175	218	10	based	base	VERB
arjefm-1175	218	11	on	on	ADP
arjefm-1175	218	12	our	our	PRON
arjefm-1175	218	13	specific	specific	ADJ
arjefm-1175	218	14	objectives	objective	NOUN
arjefm-1175	218	15	):	):	PUNCT
arjefm-1175	218	16	foreign	foreign	ADJ
arjefm-1175	218	17	direct	direct	ADJ
arjefm-1175	218	18	investment	investment	NOUN
arjefm-1175	218	19	(	(	PUNCT
arjefm-1175	218	20	fdi	fdi	NOUN
arjefm-1175	218	21	)	)	PUNCT
arjefm-1175	218	22	and	and	CCONJ
arjefm-1175	218	23	foreign	foreign	ADJ
arjefm-1175	218	24	exchange	exchange	NOUN
arjefm-1175	218	25	rate	rate	NOUN
arjefm-1175	218	26	(	(	PUNCT
arjefm-1175	218	27	fexr	fexr	ADJ
arjefm-1175	218	28	)	)	PUNCT
arjefm-1175	218	29	)	)	PUNCT
arjefm-1175	218	30	on	on	ADP
arjefm-1175	218	31	gdpgr	gdpgr	NOUN
arjefm-1175	218	32	in	in	ADP
arjefm-1175	218	33	the	the	DET
arjefm-1175	218	34	long	long	ADJ
arjefm-1175	218	35	run	run	NOUN
arjefm-1175	218	36	,	,	PUNCT
arjefm-1175	218	37	as	as	SCONJ
arjefm-1175	218	38	reported	report	VERB
arjefm-1175	218	39	in	in	ADP
arjefm-1175	218	40	table	table	NOUN
arjefm-1175	218	41	4.2	4.2	NUM
arjefm-1175	218	42	is	be	AUX
arjefm-1175	218	43	stated	state	VERB
arjefm-1175	218	44	in	in	ADP
arjefm-1175	218	45	the	the	DET
arjefm-1175	218	46	equation	equation	NOUN
arjefm-1175	218	47	above	above	ADV
arjefm-1175	218	48	.	.	PUNCT
arjefm-1175	219	1	decision	decision	NOUN
arjefm-1175	219	2	clearly	clearly	ADV
arjefm-1175	219	3	,	,	PUNCT
arjefm-1175	219	4	table	table	NOUN
arjefm-1175	219	5	4.2	4.2	NUM
arjefm-1175	219	6	shows	show	VERB
arjefm-1175	219	7	that	that	SCONJ
arjefm-1175	219	8	the	the	DET
arjefm-1175	219	9	coefficient	coefficient	NOUN
arjefm-1175	219	10	for	for	ADP
arjefm-1175	219	11	fdi	fdi	PROPN
arjefm-1175	219	12	has	have	VERB
arjefm-1175	219	13	a	a	DET
arjefm-1175	219	14	negative	negative	ADJ
arjefm-1175	219	15	(	(	PUNCT
arjefm-1175	219	16	approximately	approximately	ADV
arjefm-1175	219	17	,	,	PUNCT
arjefm-1175	219	18	-0.22	-0.22	NUM
arjefm-1175	219	19	)	)	PUNCT
arjefm-1175	219	20	and	and	CCONJ
arjefm-1175	219	21	non	non	ADJ
arjefm-1175	219	22	significant	significant	ADJ
arjefm-1175	219	23	(	(	PUNCT
arjefm-1175	219	24	p	p	NOUN
arjefm-1175	219	25	-	-	PUNCT
arjefm-1175	219	26	value	value	NOUN
arjefm-1175	219	27	,	,	PUNCT
arjefm-1175	219	28	0.4052	0.4052	NUM
arjefm-1175	219	29	>	>	NOUN
arjefm-1175	219	30	0.05	0.05	NUM
arjefm-1175	219	31	)	)	PUNCT
arjefm-1175	219	32	long	long	ADJ
arjefm-1175	219	33	-	-	PUNCT
arjefm-1175	219	34	run	run	VERB
arjefm-1175	219	35	effect	effect	NOUN
arjefm-1175	219	36	on	on	ADP
arjefm-1175	219	37	gdp	gdp	NOUN
arjefm-1175	219	38	growth	growth	NOUN
arjefm-1175	219	39	rate	rate	NOUN
arjefm-1175	219	40	in	in	ADP
arjefm-1175	219	41	nigeria	nigeria	PROPN
arjefm-1175	219	42	within	within	ADP
arjefm-1175	219	43	the	the	DET
arjefm-1175	219	44	review	review	NOUN
arjefm-1175	219	45	period	period	NOUN
arjefm-1175	219	46	.	.	PUNCT
arjefm-1175	220	1	similarly	similarly	ADV
arjefm-1175	220	2	,	,	PUNCT
arjefm-1175	220	3	the	the	DET
arjefm-1175	220	4	coefficient	coefficient	NOUN
arjefm-1175	220	5	for	for	ADP
arjefm-1175	220	6	fexr	fexr	NOUN
arjefm-1175	220	7	has	have	VERB
arjefm-1175	220	8	a	a	DET
arjefm-1175	220	9	negative	negative	ADJ
arjefm-1175	220	10	(	(	PUNCT
arjefm-1175	220	11	approximately	approximately	ADV
arjefm-1175	220	12	,	,	PUNCT
arjefm-1175	220	13	-0.86	-0.86	NUM
arjefm-1175	220	14	)	)	PUNCT
arjefm-1175	220	15	,	,	PUNCT
arjefm-1175	220	16	but	but	CCONJ
arjefm-1175	220	17	significant	significant	ADJ
arjefm-1175	220	18	(	(	PUNCT
arjefm-1175	220	19	approximately	approximately	ADV
arjefm-1175	220	20	0000	0000	NUM
arjefm-1175	220	21	<	<	X
arjefm-1175	220	22	0.05	0.05	NUM
arjefm-1175	220	23	)	)	PUNCT
arjefm-1175	220	24	long	long	ADJ
arjefm-1175	220	25	-	-	PUNCT
arjefm-1175	220	26	run	run	VERB
arjefm-1175	220	27	impact	impact	NOUN
arjefm-1175	220	28	on	on	ADP
arjefm-1175	220	29	gdp	gdp	NOUN
arjefm-1175	220	30	growth	growth	NOUN
arjefm-1175	220	31	rate	rate	NOUN
arjefm-1175	220	32	in	in	ADP
arjefm-1175	220	33	nigeria	nigeria	PROPN
arjefm-1175	220	34	over	over	ADP
arjefm-1175	220	35	the	the	DET
arjefm-1175	220	36	period	period	NOUN
arjefm-1175	220	37	of	of	ADP
arjefm-1175	220	38	study	study	NOUN
arjefm-1175	220	39	.	.	PUNCT
arjefm-1175	221	1	short	short	ADJ
arjefm-1175	221	2	–	–	PUNCT
arjefm-1175	221	3	run	run	ADJ
arjefm-1175	221	4	estimates	estimate	NOUN
arjefm-1175	221	5	table	table	VERB
arjefm-1175	221	6	4.3	4.3	NUM
arjefm-1175	221	7	:	:	PUNCT
arjefm-1175	221	8	short	short	ADJ
arjefm-1175	221	9	–	–	PUNCT
arjefm-1175	221	10	run	run	ADJ
arjefm-1175	221	11	estimates	estimate	NOUN
arjefm-1175	221	12	cointeq	cointeq	VERB
arjefm-1175	221	13	(	(	PUNCT
arjefm-1175	221	14	-1	-1	ADJ
arjefm-1175	221	15	)	)	PUNCT
arjefm-1175	221	16	d(fdi	d(fdi	PRON
arjefm-1175	221	17	)	)	PUNCT
arjefm-1175	221	18	d(fxr	d(fxr	PROPN
arjefm-1175	221	19	)	)	PUNCT
arjefm-1175	221	20	d(top	d(top	NOUN
arjefm-1175	221	21	)	)	PUNCT
arjefm-1175	221	22	d(ifr	d(ifr	NOUN
arjefm-1175	221	23	)	)	PUNCT
arjefm-1175	221	24	coefficient	coefficient	NOUN
arjefm-1175	221	25	-0.7782	-0.7782	X
arjefm-1175	221	26	0.0128	0.0128	NUM
arjefm-1175	221	27	0.505531	0.505531	NUM
arjefm-1175	221	28	-0.3174	-0.3174	ADJ
arjefm-1175	221	29	p	p	NOUN
arjefm-1175	221	30	-	-	PUNCT
arjefm-1175	221	31	value	value	NOUN
arjefm-1175	221	32	0.0000	0.0000	NUM
arjefm-1175	221	33	0.8834	0.8834	NUM
arjefm-1175	221	34	0.0095	0.0095	NUM
arjefm-1175	221	35	0.0003	0.0003	NUM
arjefm-1175	221	36	source	source	NOUN
arjefm-1175	221	37	:	:	PUNCT
arjefm-1175	221	38	author	author	NOUN
arjefm-1175	221	39	(	(	PUNCT
arjefm-1175	221	40	compiled	compile	VERB
arjefm-1175	221	41	from	from	ADP
arjefm-1175	221	42	e	e	NOUN
arjefm-1175	221	43	-	-	NOUN
arjefm-1175	221	44	views	view	NOUN
arjefm-1175	221	45	)	)	PUNCT
arjefm-1175	221	46	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	221	47	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	222	1	american	american	PROPN
arjefm-1175	222	2	research	research	PROPN
arjefm-1175	222	3	journal	journal	PROPN
arjefm-1175	222	4	of	of	ADP
arjefm-1175	222	5	economics	economic	NOUN
arjefm-1175	222	6	,	,	PUNCT
arjefm-1175	222	7	finance	finance	NOUN
arjefm-1175	222	8	and	and	CCONJ
arjefm-1175	222	9	management	management	NOUN
arjefm-1175	222	10	volume	volume	NOUN
arjefm-1175	222	11	13	13	NUM
arjefm-1175	222	12	issue	issue	NOUN
arjefm-1175	222	13	1	1	NUM
arjefm-1175	222	14	,	,	PUNCT
arjefm-1175	222	15	january	january	PROPN
arjefm-1175	222	16	-	-	PUNCT
arjefm-1175	222	17	march	march	PROPN
arjefm-1175	222	18	2025	2025	NUM
arjefm-1175	222	19	issn	issn	NOUN
arjefm-1175	222	20	:	:	PUNCT
arjefm-1175	222	21	2836	2836	NUM
arjefm-1175	222	22	-	-	SYM
arjefm-1175	222	23	9416	9416	NUM
arjefm-1175	222	24	impact	impact	NOUN
arjefm-1175	222	25	factor	factor	NOUN
arjefm-1175	222	26	:	:	PUNCT
arjefm-1175	222	27	6.41	6.41	NUM
arjefm-1175	222	28	journal	journal	NOUN
arjefm-1175	222	29	homepage	homepage	NOUN
arjefm-1175	222	30	:	:	PUNCT
arjefm-1175	222	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	222	32	,	,	PUNCT
arjefm-1175	222	33	email	email	NOUN
arjefm-1175	222	34	:	:	PUNCT
arjefm-1175	223	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	223	2	official	official	ADJ
arjefm-1175	223	3	journal	journal	PROPN
arjefm-1175	223	4	of	of	ADP
arjefm-1175	223	5	america	america	PROPN
arjefm-1175	223	6	serial	serial	PROPN
arjefm-1175	223	7	publication	publication	NOUN
arjefm-1175	223	8	american	american	PROPN
arjefm-1175	223	9	research	research	PROPN
arjefm-1175	223	10	journal	journal	PROPN
arjefm-1175	223	11	of	of	ADP
arjefm-1175	223	12	economics	economic	NOUN
arjefm-1175	223	13	,	,	PUNCT
arjefm-1175	223	14	finance	finance	NOUN
arjefm-1175	223	15	and	and	CCONJ
arjefm-1175	223	16	management	management	NOUN
arjefm-1175	223	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	223	18	,	,	PUNCT
arjefm-1175	223	19	email	email	NOUN
arjefm-1175	223	20	:	:	PUNCT
arjefm-1175	223	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	224	1	186	186	NUM
arjefm-1175	225	1	|	|	ADV
arjefm-1175	225	2	p	p	NOUN
arjefm-1175	225	3	a	a	DET
arjefm-1175	225	4	g	g	NOUN
arjefm-1175	225	5	e	e	NOUN
arjefm-1175	225	6	the	the	DET
arjefm-1175	225	7	cointeq	cointeq	PROPN
arjefm-1175	225	8	(	(	PUNCT
arjefm-1175	225	9	-1	-1	INTJ
arjefm-1175	225	10	)	)	PUNCT
arjefm-1175	225	11	coefficient	coefficient	NOUN
arjefm-1175	225	12	is	be	AUX
arjefm-1175	225	13	an	an	DET
arjefm-1175	225	14	error	error	NOUN
arjefm-1175	225	15	correction	correction	NOUN
arjefm-1175	225	16	component	component	NOUN
arjefm-1175	225	17	that	that	PRON
arjefm-1175	225	18	displays	display	VERB
arjefm-1175	225	19	the	the	DET
arjefm-1175	225	20	rate	rate	NOUN
arjefm-1175	225	21	at	at	ADP
arjefm-1175	225	22	which	which	PRON
arjefm-1175	225	23	equilibrium	equilibrium	NOUN
arjefm-1175	225	24	in	in	ADP
arjefm-1175	225	25	the	the	DET
arjefm-1175	225	26	growth	growth	NOUN
arjefm-1175	225	27	model	model	NOUN
arjefm-1175	225	28	is	be	AUX
arjefm-1175	225	29	regained	regain	VERB
arjefm-1175	225	30	.	.	PUNCT
arjefm-1175	226	1	in	in	ADP
arjefm-1175	226	2	other	other	ADJ
arjefm-1175	226	3	words	word	NOUN
arjefm-1175	226	4	,	,	PUNCT
arjefm-1175	226	5	it	it	PRON
arjefm-1175	226	6	represents	represent	VERB
arjefm-1175	226	7	the	the	DET
arjefm-1175	226	8	rate	rate	NOUN
arjefm-1175	226	9	at	at	ADP
arjefm-1175	226	10	which	which	PRON
arjefm-1175	226	11	a	a	DET
arjefm-1175	226	12	previous	previous	ADJ
arjefm-1175	226	13	period	period	NOUN
arjefm-1175	226	14	's	's	PART
arjefm-1175	226	15	disequilibrium	disequilibrium	NOUN
arjefm-1175	226	16	is	be	AUX
arjefm-1175	226	17	resolved	resolve	VERB
arjefm-1175	226	18	.	.	PUNCT
arjefm-1175	227	1	a	a	DET
arjefm-1175	227	2	negative	negative	ADJ
arjefm-1175	227	3	coefficient	coefficient	NOUN
arjefm-1175	227	4	indicates	indicate	VERB
arjefm-1175	227	5	convergence	convergence	NOUN
arjefm-1175	227	6	,	,	PUNCT
arjefm-1175	227	7	whereas	whereas	SCONJ
arjefm-1175	227	8	a	a	DET
arjefm-1175	227	9	positive	positive	ADJ
arjefm-1175	227	10	coefficient	coefficient	NOUN
arjefm-1175	227	11	indicates	indicate	VERB
arjefm-1175	227	12	divergence	divergence	NOUN
arjefm-1175	227	13	;	;	PUNCT
arjefm-1175	227	14	thus	thus	ADV
arjefm-1175	227	15	,	,	PUNCT
arjefm-1175	227	16	the	the	DET
arjefm-1175	227	17	cointeq	cointeq	NOUN
arjefm-1175	227	18	(	(	PUNCT
arjefm-1175	227	19	-1	-1	INTJ
arjefm-1175	227	20	)	)	PUNCT
arjefm-1175	227	21	is	be	AUX
arjefm-1175	227	22	said	say	VERB
arjefm-1175	227	23	to	to	PART
arjefm-1175	227	24	be	be	AUX
arjefm-1175	227	25	significant	significant	ADJ
arjefm-1175	227	26	when	when	SCONJ
arjefm-1175	227	27	its	its	PRON
arjefm-1175	227	28	value	value	NOUN
arjefm-1175	227	29	is	be	AUX
arjefm-1175	227	30	negative	negative	ADJ
arjefm-1175	227	31	and	and	CCONJ
arjefm-1175	227	32	less	less	ADJ
arjefm-1175	227	33	than	than	ADP
arjefm-1175	227	34	one	one	NUM
arjefm-1175	227	35	,	,	PUNCT
arjefm-1175	227	36	and	and	CCONJ
arjefm-1175	227	37	its	its	PRON
arjefm-1175	227	38	probability	probability	NOUN
arjefm-1175	227	39	value	value	NOUN
arjefm-1175	227	40	is	be	AUX
arjefm-1175	227	41	less	less	ADJ
arjefm-1175	227	42	than	than	ADP
arjefm-1175	227	43	the	the	DET
arjefm-1175	227	44	chosen	choose	VERB
arjefm-1175	227	45	5	5	NUM
arjefm-1175	227	46	%	%	NOUN
arjefm-1175	227	47	significance	significance	NOUN
arjefm-1175	227	48	level	level	NOUN
arjefm-1175	227	49	(	(	PUNCT
arjefm-1175	227	50	nkoro	nkoro	PROPN
arjefm-1175	227	51	&	&	CCONJ
arjefm-1175	227	52	uko	uko	PROPN
arjefm-1175	227	53	,	,	PUNCT
arjefm-1175	227	54	2016	2016	NUM
arjefm-1175	227	55	)	)	PUNCT
arjefm-1175	227	56	.	.	PUNCT
arjefm-1175	228	1	table	table	NOUN
arjefm-1175	228	2	4.3	4.3	NUM
arjefm-1175	228	3	results	result	NOUN
arjefm-1175	228	4	show	show	VERB
arjefm-1175	228	5	a	a	DET
arjefm-1175	228	6	large	large	ADJ
arjefm-1175	228	7	cointeq	cointeq	NOUN
arjefm-1175	228	8	(	(	PUNCT
arjefm-1175	228	9	-1	-1	NOUN
arjefm-1175	228	10	)	)	PUNCT
arjefm-1175	228	11	value	value	NOUN
arjefm-1175	228	12	of	of	ADP
arjefm-1175	228	13	-0.7782	-0.7782	NOUN
arjefm-1175	228	14	,	,	PUNCT
arjefm-1175	228	15	indicating	indicate	VERB
arjefm-1175	228	16	that	that	SCONJ
arjefm-1175	228	17	the	the	DET
arjefm-1175	228	18	speed	speed	NOUN
arjefm-1175	228	19	of	of	ADP
arjefm-1175	228	20	adjustment	adjustment	NOUN
arjefm-1175	228	21	is	be	AUX
arjefm-1175	228	22	around	around	ADV
arjefm-1175	228	23	77.8	77.8	NUM
arjefm-1175	228	24	percent	percent	NOUN
arjefm-1175	228	25	.	.	PUNCT
arjefm-1175	229	1	this	this	PRON
arjefm-1175	229	2	means	mean	VERB
arjefm-1175	229	3	that	that	SCONJ
arjefm-1175	229	4	anytime	anytime	SCONJ
arjefm-1175	229	5	there	there	PRON
arjefm-1175	229	6	is	be	VERB
arjefm-1175	229	7	a	a	DET
arjefm-1175	229	8	disturbance	disturbance	NOUN
arjefm-1175	229	9	in	in	ADP
arjefm-1175	229	10	the	the	DET
arjefm-1175	229	11	model	model	NOUN
arjefm-1175	229	12	,	,	PUNCT
arjefm-1175	229	13	the	the	DET
arjefm-1175	229	14	adjustment	adjustment	NOUN
arjefm-1175	229	15	from	from	ADP
arjefm-1175	229	16	the	the	DET
arjefm-1175	229	17	short	short	ADJ
arjefm-1175	229	18	run	run	NOUN
arjefm-1175	229	19	deviation	deviation	NOUN
arjefm-1175	229	20	to	to	ADP
arjefm-1175	229	21	the	the	DET
arjefm-1175	229	22	long	long	ADJ
arjefm-1175	229	23	run	run	NOUN
arjefm-1175	229	24	equilibrium	equilibrium	NOUN
arjefm-1175	229	25	happens	happen	VERB
arjefm-1175	229	26	quickly	quickly	ADV
arjefm-1175	229	27	.	.	PUNCT
arjefm-1175	230	1	fxr	fxr	PROPN
arjefm-1175	230	2	and	and	CCONJ
arjefm-1175	230	3	top	top	NOUN
arjefm-1175	230	4	were	be	AUX
arjefm-1175	230	5	seen	see	VERB
arjefm-1175	230	6	to	to	PART
arjefm-1175	230	7	be	be	AUX
arjefm-1175	230	8	favourably	favourably	ADV
arjefm-1175	230	9	associated	associate	VERB
arjefm-1175	230	10	to	to	ADP
arjefm-1175	230	11	short	short	ADJ
arjefm-1175	230	12	-	-	PUNCT
arjefm-1175	230	13	term	term	NOUN
arjefm-1175	230	14	growth	growth	NOUN
arjefm-1175	230	15	,	,	PUNCT
arjefm-1175	230	16	whereas	whereas	SCONJ
arjefm-1175	230	17	ifr	ifr	PROPN
arjefm-1175	230	18	was	be	AUX
arjefm-1175	230	19	discovered	discover	VERB
arjefm-1175	230	20	to	to	PART
arjefm-1175	230	21	be	be	AUX
arjefm-1175	230	22	negatively	negatively	ADV
arjefm-1175	230	23	related	relate	VERB
arjefm-1175	230	24	to	to	ADP
arjefm-1175	230	25	short	short	ADJ
arjefm-1175	230	26	-	-	PUNCT
arjefm-1175	230	27	term	term	NOUN
arjefm-1175	230	28	gdpgr	gdpgr	NOUN
arjefm-1175	230	29	and	and	CCONJ
arjefm-1175	230	30	fdi	fdi	PROPN
arjefm-1175	230	31	and	and	CCONJ
arjefm-1175	230	32	fxr	fxr	PROPN
arjefm-1175	230	33	were	be	AUX
arjefm-1175	230	34	discovered	discover	VERB
arjefm-1175	230	35	to	to	PART
arjefm-1175	230	36	be	be	AUX
arjefm-1175	230	37	unimportant	unimportant	ADJ
arjefm-1175	230	38	in	in	ADP
arjefm-1175	230	39	explaining	explain	VERB
arjefm-1175	230	40	short	short	ADJ
arjefm-1175	230	41	-	-	PUNCT
arjefm-1175	230	42	term	term	NOUN
arjefm-1175	230	43	growth	growth	NOUN
arjefm-1175	230	44	.	.	PUNCT
arjefm-1175	231	1	according	accord	VERB
arjefm-1175	231	2	to	to	ADP
arjefm-1175	231	3	the	the	DET
arjefm-1175	231	4	study	study	NOUN
arjefm-1175	231	5	,	,	PUNCT
arjefm-1175	231	6	only	only	ADV
arjefm-1175	231	7	ifr	ifr	PROPN
arjefm-1175	231	8	and	and	CCONJ
arjefm-1175	231	9	top	top	NOUN
arjefm-1175	231	10	have	have	VERB
arjefm-1175	231	11	a	a	DET
arjefm-1175	231	12	substantial	substantial	ADJ
arjefm-1175	231	13	impact	impact	NOUN
arjefm-1175	231	14	on	on	ADP
arjefm-1175	231	15	growth	growth	NOUN
arjefm-1175	231	16	in	in	ADP
arjefm-1175	231	17	the	the	DET
arjefm-1175	231	18	short	short	ADJ
arjefm-1175	231	19	run	run	NOUN
arjefm-1175	231	20	.	.	PUNCT
arjefm-1175	232	1	discussion	discussion	NOUN
arjefm-1175	232	2	of	of	ADP
arjefm-1175	232	3	findings	finding	NOUN
arjefm-1175	232	4	discussions	discussion	NOUN
arjefm-1175	232	5	arising	arise	VERB
arjefm-1175	232	6	from	from	ADP
arjefm-1175	232	7	the	the	DET
arjefm-1175	232	8	foregoing	forego	VERB
arjefm-1175	232	9	empirical	empirical	ADJ
arjefm-1175	232	10	results	result	NOUN
arjefm-1175	232	11	are	be	AUX
arjefm-1175	232	12	summarized	summarize	VERB
arjefm-1175	232	13	in	in	ADP
arjefm-1175	232	14	line	line	NOUN
arjefm-1175	232	15	with	with	ADP
arjefm-1175	232	16	our	our	PRON
arjefm-1175	232	17	study	study	NOUN
arjefm-1175	232	18	objectives	objective	NOUN
arjefm-1175	232	19	as	as	SCONJ
arjefm-1175	232	20	follows	follow	VERB
arjefm-1175	232	21	:	:	PUNCT
arjefm-1175	232	22	based	base	VERB
arjefm-1175	232	23	on	on	ADP
arjefm-1175	232	24	ardl	ardl	PROPN
arjefm-1175	232	25	model	model	NOUN
arjefm-1175	232	26	results	result	NOUN
arjefm-1175	232	27	presented	present	VERB
arjefm-1175	232	28	in	in	ADP
arjefm-1175	232	29	table	table	NOUN
arjefm-1175	232	30	4.3	4.3	NUM
arjefm-1175	232	31	shows	show	VERB
arjefm-1175	232	32	that	that	SCONJ
arjefm-1175	232	33	the	the	DET
arjefm-1175	232	34	coefficient	coefficient	NOUN
arjefm-1175	232	35	for	for	ADP
arjefm-1175	232	36	fdi	fdi	PROPN
arjefm-1175	232	37	has	have	VERB
arjefm-1175	232	38	a	a	DET
arjefm-1175	232	39	negative	negative	ADJ
arjefm-1175	232	40	(	(	PUNCT
arjefm-1175	232	41	approximately	approximately	ADV
arjefm-1175	232	42	,	,	PUNCT
arjefm-1175	232	43	-0.22	-0.22	NUM
arjefm-1175	232	44	)	)	PUNCT
arjefm-1175	232	45	and	and	CCONJ
arjefm-1175	232	46	non	non	ADJ
arjefm-1175	232	47	-	-	ADJ
arjefm-1175	232	48	significant	significant	ADJ
arjefm-1175	232	49	(	(	PUNCT
arjefm-1175	232	50	p	p	NOUN
arjefm-1175	232	51	-	-	PUNCT
arjefm-1175	232	52	value	value	NOUN
arjefm-1175	232	53	,	,	PUNCT
arjefm-1175	232	54	0.4052	0.4052	NUM
arjefm-1175	232	55	>	>	NOUN
arjefm-1175	232	56	0.05	0.05	NUM
arjefm-1175	232	57	)	)	PUNCT
arjefm-1175	232	58	long	long	ADJ
arjefm-1175	232	59	-	-	PUNCT
arjefm-1175	232	60	run	run	VERB
arjefm-1175	232	61	effect	effect	NOUN
arjefm-1175	232	62	on	on	ADP
arjefm-1175	232	63	gdp	gdp	NOUN
arjefm-1175	232	64	growth	growth	NOUN
arjefm-1175	232	65	rate	rate	NOUN
arjefm-1175	232	66	in	in	ADP
arjefm-1175	232	67	nigeria	nigeria	PROPN
arjefm-1175	232	68	within	within	ADP
arjefm-1175	232	69	the	the	DET
arjefm-1175	232	70	review	review	NOUN
arjefm-1175	232	71	period	period	NOUN
arjefm-1175	232	72	.	.	PUNCT
arjefm-1175	233	1	as	as	ADP
arjefm-1175	233	2	a	a	DET
arjefm-1175	233	3	result	result	NOUN
arjefm-1175	233	4	of	of	ADP
arjefm-1175	233	5	the	the	DET
arjefm-1175	233	6	findings	finding	NOUN
arjefm-1175	233	7	,	,	PUNCT
arjefm-1175	233	8	a	a	DET
arjefm-1175	233	9	1	1	NUM
arjefm-1175	233	10	%	%	NOUN
arjefm-1175	233	11	increase	increase	NOUN
arjefm-1175	233	12	in	in	ADP
arjefm-1175	233	13	fdi	fdi	NOUN
arjefm-1175	233	14	resulted	result	VERB
arjefm-1175	233	15	in	in	ADP
arjefm-1175	233	16	approximately	approximately	ADV
arjefm-1175	233	17	a	a	DET
arjefm-1175	233	18	22	22	NUM
arjefm-1175	233	19	percent	percent	NOUN
arjefm-1175	233	20	decrease	decrease	NOUN
arjefm-1175	233	21	in	in	ADP
arjefm-1175	233	22	gdp	gdp	NOUN
arjefm-1175	233	23	.	.	PUNCT
arjefm-1175	234	1	in	in	ADP
arjefm-1175	234	2	the	the	DET
arjefm-1175	234	3	long	long	ADJ
arjefm-1175	234	4	run	run	NOUN
arjefm-1175	234	5	.	.	PUNCT
arjefm-1175	235	1	the	the	DET
arjefm-1175	235	2	negative	negative	ADJ
arjefm-1175	235	3	relationship	relationship	NOUN
arjefm-1175	235	4	between	between	ADP
arjefm-1175	235	5	fdi	fdi	PROPN
arjefm-1175	235	6	and	and	CCONJ
arjefm-1175	235	7	gdp	gdp	NOUN
arjefm-1175	235	8	contradicted	contradict	VERB
arjefm-1175	235	9	the	the	DET
arjefm-1175	235	10	modernization	modernization	NOUN
arjefm-1175	235	11	theory	theory	NOUN
arjefm-1175	235	12	,	,	PUNCT
arjefm-1175	235	13	which	which	PRON
arjefm-1175	235	14	states	state	VERB
arjefm-1175	235	15	that	that	SCONJ
arjefm-1175	235	16	an	an	DET
arjefm-1175	235	17	increase	increase	NOUN
arjefm-1175	235	18	in	in	ADP
arjefm-1175	235	19	fdi	fdi	NOUN
arjefm-1175	235	20	should	should	AUX
arjefm-1175	235	21	eventually	eventually	ADV
arjefm-1175	235	22	lead	lead	VERB
arjefm-1175	235	23	to	to	ADP
arjefm-1175	235	24	an	an	DET
arjefm-1175	235	25	increase	increase	NOUN
arjefm-1175	235	26	in	in	ADP
arjefm-1175	235	27	gdp	gdp	NOUN
arjefm-1175	235	28	,	,	PUNCT
arjefm-1175	235	29	indicating	indicate	VERB
arjefm-1175	235	30	a	a	DET
arjefm-1175	235	31	positive	positive	ADJ
arjefm-1175	235	32	link	link	NOUN
arjefm-1175	235	33	between	between	ADP
arjefm-1175	235	34	the	the	DET
arjefm-1175	235	35	two	two	NUM
arjefm-1175	235	36	macroeconomic	macroeconomic	ADJ
arjefm-1175	235	37	variables	variable	NOUN
arjefm-1175	235	38	.	.	PUNCT
arjefm-1175	236	1	these	these	DET
arjefm-1175	236	2	findings	finding	NOUN
arjefm-1175	236	3	,	,	PUNCT
arjefm-1175	236	4	however	however	ADV
arjefm-1175	236	5	,	,	PUNCT
arjefm-1175	236	6	support	support	VERB
arjefm-1175	236	7	the	the	DET
arjefm-1175	236	8	dependency	dependency	NOUN
arjefm-1175	236	9	theory	theory	NOUN
arjefm-1175	236	10	,	,	PUNCT
arjefm-1175	236	11	which	which	PRON
arjefm-1175	236	12	holds	hold	VERB
arjefm-1175	236	13	that	that	SCONJ
arjefm-1175	236	14	foreign	foreign	ADJ
arjefm-1175	236	15	direct	direct	ADJ
arjefm-1175	236	16	investment	investment	NOUN
arjefm-1175	236	17	has	have	VERB
arjefm-1175	236	18	a	a	DET
arjefm-1175	236	19	detrimental	detrimental	ADJ
arjefm-1175	236	20	impact	impact	NOUN
arjefm-1175	236	21	on	on	ADP
arjefm-1175	236	22	the	the	DET
arjefm-1175	236	23	host	host	NOUN
arjefm-1175	236	24	country	country	NOUN
arjefm-1175	236	25	's	's	PART
arjefm-1175	236	26	economic	economic	ADJ
arjefm-1175	236	27	growth	growth	NOUN
arjefm-1175	236	28	.	.	PUNCT
arjefm-1175	237	1	nguyen	nguyen	NOUN
arjefm-1175	237	2	(	(	PUNCT
arjefm-1175	237	3	2024	2024	NUM
arjefm-1175	237	4	)	)	PUNCT
arjefm-1175	237	5	support	support	VERB
arjefm-1175	237	6	the	the	DET
arjefm-1175	237	7	dependency	dependency	NOUN
arjefm-1175	237	8	theory	theory	NOUN
arjefm-1175	237	9	and	and	CCONJ
arjefm-1175	237	10	empirically	empirically	ADV
arjefm-1175	237	11	discovered	discover	VERB
arjefm-1175	237	12	that	that	SCONJ
arjefm-1175	237	13	fdi	fdi	NOUN
arjefm-1175	237	14	had	have	VERB
arjefm-1175	237	15	a	a	DET
arjefm-1175	237	16	negative	negative	ADJ
arjefm-1175	237	17	impact	impact	NOUN
arjefm-1175	237	18	on	on	ADP
arjefm-1175	237	19	south	south	PROPN
arjefm-1175	237	20	east	east	PROPN
arjefm-1175	237	21	asian	asian	PROPN
arjefm-1175	237	22	's	's	PART
arjefm-1175	237	23	economic	economic	ADJ
arjefm-1175	237	24	growth	growth	NOUN
arjefm-1175	237	25	if	if	SCONJ
arjefm-1175	237	26	multinational	multinational	ADJ
arjefm-1175	237	27	corporations	corporation	NOUN
arjefm-1175	237	28	return	return	VERB
arjefm-1175	237	29	large	large	ADJ
arjefm-1175	237	30	profits	profit	NOUN
arjefm-1175	237	31	to	to	ADP
arjefm-1175	237	32	their	their	PRON
arjefm-1175	237	33	parent	parent	NOUN
arjefm-1175	237	34	countries	country	NOUN
arjefm-1175	237	35	.	.	PUNCT
arjefm-1175	238	1	okello	okello	INTJ
arjefm-1175	238	2	and	and	CCONJ
arjefm-1175	238	3	badj	badj	NOUN
arjefm-1175	238	4	(	(	PUNCT
arjefm-1175	238	5	2023	2023	NUM
arjefm-1175	238	6	)	)	PUNCT
arjefm-1175	238	7	discovered	discover	VERB
arjefm-1175	238	8	in	in	ADP
arjefm-1175	238	9	a	a	DET
arjefm-1175	238	10	similar	similar	ADJ
arjefm-1175	238	11	study	study	NOUN
arjefm-1175	238	12	that	that	SCONJ
arjefm-1175	238	13	fdi	fdi	NOUN
arjefm-1175	238	14	had	have	AUX
arjefm-1175	238	15	a	a	DET
arjefm-1175	238	16	negative	negative	ADJ
arjefm-1175	238	17	influence	influence	NOUN
arjefm-1175	238	18	on	on	ADP
arjefm-1175	238	19	economic	economic	ADJ
arjefm-1175	238	20	growth	growth	NOUN
arjefm-1175	238	21	in	in	ADP
arjefm-1175	238	22	kenya	kenya	NOUN
arjefm-1175	238	23	applying	apply	VERB
arjefm-1175	238	24	ols	ol	NOUN
arjefm-1175	238	25	to	to	PART
arjefm-1175	238	26	examine	examine	VERB
arjefm-1175	238	27	the	the	DET
arjefm-1175	238	28	datasets	dataset	NOUN
arjefm-1175	238	29	for	for	ADP
arjefm-1175	238	30	the	the	DET
arjefm-1175	238	31	period	period	NOUN
arjefm-1175	238	32	,	,	PUNCT
arjefm-1175	238	33	1970	1970	NUM
arjefm-1175	238	34	to	to	ADP
arjefm-1175	238	35	2019	2019	NUM
arjefm-1175	238	36	furthermore	furthermore	ADV
arjefm-1175	238	37	,	,	PUNCT
arjefm-1175	238	38	mazenda	mazenda	NOUN
arjefm-1175	238	39	(	(	PUNCT
arjefm-1175	238	40	2024	2024	NUM
arjefm-1175	238	41	)	)	PUNCT
arjefm-1175	238	42	also	also	ADV
arjefm-1175	238	43	affirmed	affirm	VERB
arjefm-1175	238	44	our	our	PRON
arjefm-1175	238	45	findings	finding	NOUN
arjefm-1175	238	46	that	that	SCONJ
arjefm-1175	238	47	fdi	fdi	NOUN
arjefm-1175	238	48	had	have	VERB
arjefm-1175	238	49	a	a	DET
arjefm-1175	238	50	negative	negative	ADJ
arjefm-1175	238	51	effect	effect	NOUN
arjefm-1175	238	52	on	on	ADP
arjefm-1175	238	53	economic	economic	ADJ
arjefm-1175	238	54	growth	growth	NOUN
arjefm-1175	238	55	in	in	ADP
arjefm-1175	238	56	south	south	PROPN
arjefm-1175	238	57	africa	africa	PROPN
arjefm-1175	238	58	using	use	VERB
arjefm-1175	238	59	vecm	vecm	NOUN
arjefm-1175	238	60	estimation	estimation	NOUN
arjefm-1175	238	61	to	to	PART
arjefm-1175	238	62	analyze	analyze	VERB
arjefm-1175	238	63	data	datum	NOUN
arjefm-1175	238	64	from	from	ADP
arjefm-1175	238	65	1980	1980	NUM
arjefm-1175	238	66	to	to	ADP
arjefm-1175	238	67	2010	2010	NUM
arjefm-1175	238	68	.	.	PUNCT
arjefm-1175	239	1	in	in	ADP
arjefm-1175	239	2	nigeria	nigeria	PROPN
arjefm-1175	239	3	,	,	PUNCT
arjefm-1175	239	4	factors	factor	NOUN
arjefm-1175	239	5	such	such	ADJ
arjefm-1175	239	6	as	as	ADP
arjefm-1175	239	7	corruption	corruption	NOUN
arjefm-1175	239	8	,	,	PUNCT
arjefm-1175	239	9	weak	weak	ADJ
arjefm-1175	239	10	institutions	institution	NOUN
arjefm-1175	239	11	,	,	PUNCT
arjefm-1175	239	12	poor	poor	ADJ
arjefm-1175	239	13	or	or	CCONJ
arjefm-1175	239	14	decaying	decay	VERB
arjefm-1175	239	15	infrastructures	infrastructure	NOUN
arjefm-1175	239	16	,	,	PUNCT
arjefm-1175	239	17	inconsistencies	inconsistency	NOUN
arjefm-1175	239	18	in	in	ADP
arjefm-1175	239	19	government	government	NOUN
arjefm-1175	239	20	policies	policy	NOUN
arjefm-1175	239	21	,	,	PUNCT
arjefm-1175	239	22	as	as	ADV
arjefm-1175	239	23	well	well	ADV
arjefm-1175	239	24	as	as	ADP
arjefm-1175	239	25	security	security	NOUN
arjefm-1175	239	26	concerns	concern	NOUN
arjefm-1175	239	27	may	may	AUX
arjefm-1175	239	28	have	have	AUX
arjefm-1175	239	29	contributed	contribute	VERB
arjefm-1175	239	30	to	to	ADP
arjefm-1175	239	31	a	a	DET
arjefm-1175	239	32	negative	negative	ADJ
arjefm-1175	239	33	association	association	NOUN
arjefm-1175	239	34	between	between	ADP
arjefm-1175	239	35	fdi	fdi	PROPN
arjefm-1175	239	36	and	and	CCONJ
arjefm-1175	239	37	economic	economic	ADJ
arjefm-1175	239	38	growth	growth	NOUN
arjefm-1175	239	39	.	.	PUNCT
arjefm-1175	240	1	this	this	PRON
arjefm-1175	240	2	is	be	AUX
arjefm-1175	240	3	contrary	contrary	ADJ
arjefm-1175	240	4	to	to	ADP
arjefm-1175	240	5	our	our	PRON
arjefm-1175	240	6	prior	prior	ADJ
arjefm-1175	240	7	expectation	expectation	NOUN
arjefm-1175	240	8	of	of	ADP
arjefm-1175	240	9	a	a	DET
arjefm-1175	240	10	positive	positive	ADJ
arjefm-1175	240	11	relationship	relationship	NOUN
arjefm-1175	240	12	between	between	ADP
arjefm-1175	240	13	fdi	fdi	PROPN
arjefm-1175	240	14	and	and	CCONJ
arjefm-1175	240	15	economic	economic	ADJ
arjefm-1175	240	16	growth	growth	NOUN
arjefm-1175	240	17	,	,	PUNCT
arjefm-1175	240	18	indicating	indicate	VERB
arjefm-1175	240	19	that	that	SCONJ
arjefm-1175	240	20	this	this	DET
arjefm-1175	240	21	relationship	relationship	NOUN
arjefm-1175	240	22	is	be	AUX
arjefm-1175	240	23	bidirectional	bidirectional	ADJ
arjefm-1175	240	24	because	because	SCONJ
arjefm-1175	240	25	other	other	ADJ
arjefm-1175	240	26	studies	study	NOUN
arjefm-1175	240	27	support	support	VERB
arjefm-1175	240	28	the	the	DET
arjefm-1175	240	29	hypothesis	hypothesis	NOUN
arjefm-1175	240	30	that	that	SCONJ
arjefm-1175	240	31	there	there	PRON
arjefm-1175	240	32	is	be	VERB
arjefm-1175	240	33	a	a	DET
arjefm-1175	240	34	positive	positive	ADJ
arjefm-1175	240	35	relationship	relationship	NOUN
arjefm-1175	240	36	between	between	ADP
arjefm-1175	240	37	fdi	fdi	PROPN
arjefm-1175	240	38	and	and	CCONJ
arjefm-1175	240	39	economic	economic	ADJ
arjefm-1175	240	40	growth	growth	NOUN
arjefm-1175	240	41	.	.	PUNCT
arjefm-1175	241	1	for	for	ADP
arjefm-1175	241	2	instance	instance	NOUN
arjefm-1175	241	3	,	,	PUNCT
arjefm-1175	241	4	the	the	DET
arjefm-1175	241	5	study	study	NOUN
arjefm-1175	241	6	of	of	ADP
arjefm-1175	241	7	mwitta	mwitta	PROPN
arjefm-1175	241	8	(	(	PUNCT
arjefm-1175	241	9	2022	2022	NUM
arjefm-1175	241	10	)	)	PUNCT
arjefm-1175	241	11	who	who	PRON
arjefm-1175	241	12	used	use	VERB
arjefm-1175	241	13	vecm	vecm	NOUN
arjefm-1175	241	14	to	to	PART
arjefm-1175	241	15	analyze	analyze	VERB
arjefm-1175	241	16	datasets	dataset	NOUN
arjefm-1175	241	17	from	from	ADP
arjefm-1175	241	18	1990	1990	NUM
arjefm-1175	241	19	to	to	ADP
arjefm-1175	241	20	2020	2020	NUM
arjefm-1175	241	21	confirmed	confirm	VERB
arjefm-1175	241	22	that	that	SCONJ
arjefm-1175	241	23	there	there	PRON
arjefm-1175	241	24	was	be	VERB
arjefm-1175	241	25	a	a	DET
arjefm-1175	241	26	positive	positive	ADJ
arjefm-1175	241	27	relationship	relationship	NOUN
arjefm-1175	241	28	between	between	ADP
arjefm-1175	241	29	fdi	fdi	PROPN
arjefm-1175	241	30	and	and	CCONJ
arjefm-1175	241	31	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	241	32	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	241	33	american	american	PROPN
arjefm-1175	241	34	research	research	PROPN
arjefm-1175	241	35	journal	journal	PROPN
arjefm-1175	241	36	of	of	ADP
arjefm-1175	241	37	economics	economic	NOUN
arjefm-1175	241	38	,	,	PUNCT
arjefm-1175	241	39	finance	finance	NOUN
arjefm-1175	241	40	and	and	CCONJ
arjefm-1175	241	41	management	management	NOUN
arjefm-1175	241	42	volume	volume	NOUN
arjefm-1175	241	43	13	13	NUM
arjefm-1175	241	44	issue	issue	NOUN
arjefm-1175	241	45	1	1	NUM
arjefm-1175	241	46	,	,	PUNCT
arjefm-1175	241	47	january	january	PROPN
arjefm-1175	241	48	-	-	PUNCT
arjefm-1175	241	49	march	march	PROPN
arjefm-1175	241	50	2025	2025	NUM
arjefm-1175	241	51	issn	issn	NOUN
arjefm-1175	241	52	:	:	PUNCT
arjefm-1175	241	53	2836	2836	NUM
arjefm-1175	241	54	-	-	SYM
arjefm-1175	241	55	9416	9416	NUM
arjefm-1175	241	56	impact	impact	NOUN
arjefm-1175	241	57	factor	factor	NOUN
arjefm-1175	241	58	:	:	PUNCT
arjefm-1175	241	59	6.41	6.41	NUM
arjefm-1175	241	60	journal	journal	NOUN
arjefm-1175	241	61	homepage	homepage	NOUN
arjefm-1175	241	62	:	:	PUNCT
arjefm-1175	241	63	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	241	64	,	,	PUNCT
arjefm-1175	241	65	email	email	NOUN
arjefm-1175	241	66	:	:	PUNCT
arjefm-1175	241	67	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	241	68	official	official	ADJ
arjefm-1175	241	69	journal	journal	PROPN
arjefm-1175	241	70	of	of	ADP
arjefm-1175	241	71	america	america	PROPN
arjefm-1175	241	72	serial	serial	PROPN
arjefm-1175	241	73	publication	publication	NOUN
arjefm-1175	241	74	american	american	PROPN
arjefm-1175	241	75	research	research	PROPN
arjefm-1175	241	76	journal	journal	PROPN
arjefm-1175	241	77	of	of	ADP
arjefm-1175	241	78	economics	economic	NOUN
arjefm-1175	241	79	,	,	PUNCT
arjefm-1175	241	80	finance	finance	NOUN
arjefm-1175	241	81	and	and	CCONJ
arjefm-1175	241	82	management	management	NOUN
arjefm-1175	241	83	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	241	84	,	,	PUNCT
arjefm-1175	241	85	email	email	NOUN
arjefm-1175	241	86	:	:	PUNCT
arjefm-1175	242	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	242	2	187	187	NUM
arjefm-1175	243	1	|	|	ADV
arjefm-1175	243	2	p	p	NOUN
arjefm-1175	243	3	a	a	DET
arjefm-1175	243	4	g	g	NOUN
arjefm-1175	243	5	e	e	X
arjefm-1175	243	6	economic	economic	ADJ
arjefm-1175	243	7	growth	growth	NOUN
arjefm-1175	243	8	in	in	ADP
arjefm-1175	243	9	tanzania	tanzania	PROPN
arjefm-1175	243	10	.	.	PUNCT
arjefm-1175	244	1	similarly	similarly	ADV
arjefm-1175	244	2	,	,	PUNCT
arjefm-1175	244	3	trang	trang	PROPN
arjefm-1175	244	4	,	,	PUNCT
arjefm-1175	244	5	et	et	PROPN
arjefm-1175	244	6	al	al	PROPN
arjefm-1175	244	7	.	.	PROPN
arjefm-1175	244	8	,	,	PUNCT
arjefm-1175	244	9	(	(	PUNCT
arjefm-1175	244	10	2029	2029	NUM
arjefm-1175	244	11	)	)	PUNCT
arjefm-1175	244	12	applying	apply	VERB
arjefm-1175	244	13	vecm	vecm	NOUN
arjefm-1175	244	14	to	to	PART
arjefm-1175	244	15	analyze	analyze	VERB
arjefm-1175	244	16	datasets	dataset	NOUN
arjefm-1175	244	17	for	for	ADP
arjefm-1175	244	18	the	the	DET
arjefm-1175	244	19	period	period	NOUN
arjefm-1175	244	20	,	,	PUNCT
arjefm-1175	244	21	2000	2000	NUM
arjefm-1175	244	22	to	to	ADP
arjefm-1175	244	23	2014	2014	NUM
arjefm-1175	244	24	affirmed	affirm	VERB
arjefm-1175	244	25	that	that	SCONJ
arjefm-1175	244	26	fdi	fdi	PROPN
arjefm-1175	244	27	had	have	VERB
arjefm-1175	244	28	a	a	DET
arjefm-1175	244	29	positive	positive	ADJ
arjefm-1175	244	30	and	and	CCONJ
arjefm-1175	244	31	significant	significant	ADJ
arjefm-1175	244	32	effect	effect	NOUN
arjefm-1175	244	33	on	on	ADP
arjefm-1175	244	34	economic	economic	ADJ
arjefm-1175	244	35	growth	growth	NOUN
arjefm-1175	244	36	in	in	ADP
arjefm-1175	244	37	lower	lower	ADV
arjefm-1175	244	38	-	-	PUNCT
arjefm-1175	244	39	middle	middle	ADJ
arjefm-1175	244	40	income	income	NOUN
arjefm-1175	244	41	developing	develop	VERB
arjefm-1175	244	42	countries	country	NOUN
arjefm-1175	244	43	.	.	PUNCT
arjefm-1175	245	1	given	give	VERB
arjefm-1175	245	2	the	the	DET
arjefm-1175	245	3	ardl	ardl	NOUN
arjefm-1175	245	4	model	model	NOUN
arjefm-1175	245	5	results	result	NOUN
arjefm-1175	245	6	shown	show	VERB
arjefm-1175	245	7	in	in	ADP
arjefm-1175	245	8	table	table	NOUN
arjefm-1175	245	9	4.3	4.3	NUM
arjefm-1175	245	10	,	,	PUNCT
arjefm-1175	245	11	the	the	DET
arjefm-1175	245	12	coefficient	coefficient	NOUN
arjefm-1175	245	13	for	for	ADP
arjefm-1175	245	14	foreign	foreign	ADJ
arjefm-1175	245	15	exchange	exchange	NOUN
arjefm-1175	245	16	rate	rate	NOUN
arjefm-1175	245	17	(	(	PUNCT
arjefm-1175	245	18	fxr	fxr	NOUN
arjefm-1175	245	19	)	)	PUNCT
arjefm-1175	245	20	,	,	PUNCT
arjefm-1175	245	21	which	which	PRON
arjefm-1175	245	22	is	be	AUX
arjefm-1175	245	23	our	our	PRON
arjefm-1175	245	24	second	second	ADJ
arjefm-1175	245	25	major	major	ADJ
arjefm-1175	245	26	independent	independent	ADJ
arjefm-1175	245	27	variable	variable	NOUN
arjefm-1175	245	28	had	have	VERB
arjefm-1175	245	29	a	a	DET
arjefm-1175	245	30	negative	negative	ADJ
arjefm-1175	245	31	(	(	PUNCT
arjefm-1175	245	32	approximately	approximately	ADV
arjefm-1175	245	33	,	,	PUNCT
arjefm-1175	245	34	-0.86	-0.86	NUM
arjefm-1175	245	35	)	)	PUNCT
arjefm-1175	245	36	,	,	PUNCT
arjefm-1175	245	37	but	but	CCONJ
arjefm-1175	245	38	significant	significant	ADJ
arjefm-1175	245	39	(	(	PUNCT
arjefm-1175	245	40	0000	0000	NUM
arjefm-1175	245	41	<	<	NOUN
arjefm-1175	245	42	0.05	0.05	NUM
arjefm-1175	245	43	)	)	PUNCT
arjefm-1175	245	44	long	long	ADJ
arjefm-1175	245	45	-	-	PUNCT
arjefm-1175	245	46	run	run	VERB
arjefm-1175	245	47	impact	impact	NOUN
arjefm-1175	245	48	on	on	ADP
arjefm-1175	245	49	gdp	gdp	NOUN
arjefm-1175	245	50	growth	growth	NOUN
arjefm-1175	245	51	rate	rate	NOUN
arjefm-1175	245	52	in	in	ADP
arjefm-1175	245	53	nigeria	nigeria	PROPN
arjefm-1175	245	54	over	over	ADP
arjefm-1175	245	55	the	the	DET
arjefm-1175	245	56	period	period	NOUN
arjefm-1175	245	57	of	of	ADP
arjefm-1175	245	58	study	study	NOUN
arjefm-1175	245	59	.	.	PUNCT
arjefm-1175	246	1	this	this	DET
arjefm-1175	246	2	result	result	NOUN
arjefm-1175	246	3	implies	imply	VERB
arjefm-1175	246	4	that	that	SCONJ
arjefm-1175	246	5	a	a	DET
arjefm-1175	246	6	1	1	NUM
arjefm-1175	246	7	%	%	NOUN
arjefm-1175	246	8	increase	increase	NOUN
arjefm-1175	246	9	in	in	ADP
arjefm-1175	246	10	fxr	fxr	NOUN
arjefm-1175	246	11	resulted	result	VERB
arjefm-1175	246	12	in	in	ADP
arjefm-1175	246	13	approximately	approximately	ADV
arjefm-1175	246	14	86	86	NUM
arjefm-1175	246	15	percent	percent	NOUN
arjefm-1175	246	16	decrease	decrease	NOUN
arjefm-1175	246	17	in	in	ADP
arjefm-1175	246	18	gdp	gdp	NOUN
arjefm-1175	246	19	in	in	ADP
arjefm-1175	246	20	nigeria	nigeria	PROPN
arjefm-1175	246	21	during	during	ADP
arjefm-1175	246	22	the	the	DET
arjefm-1175	246	23	review	review	NOUN
arjefm-1175	246	24	period	period	NOUN
arjefm-1175	246	25	.	.	PUNCT
arjefm-1175	247	1	our	our	PRON
arjefm-1175	247	2	finding	finding	NOUN
arjefm-1175	247	3	was	be	AUX
arjefm-1175	247	4	affirmed	affirm	VERB
arjefm-1175	247	5	by	by	ADP
arjefm-1175	247	6	the	the	DET
arjefm-1175	247	7	study	study	NOUN
arjefm-1175	247	8	of	of	ADP
arjefm-1175	247	9	mazenda	mazenda	NOUN
arjefm-1175	247	10	(	(	PUNCT
arjefm-1175	247	11	2024	2024	NUM
arjefm-1175	247	12	)	)	PUNCT
arjefm-1175	247	13	in	in	ADP
arjefm-1175	247	14	south	south	PROPN
arjefm-1175	247	15	africa	africa	PROPN
arjefm-1175	247	16	.	.	PUNCT
arjefm-1175	248	1	this	this	PRON
arjefm-1175	248	2	confirms	confirm	VERB
arjefm-1175	248	3	theoretical	theoretical	ADJ
arjefm-1175	248	4	suggestions	suggestion	NOUN
arjefm-1175	248	5	,	,	PUNCT
arjefm-1175	248	6	which	which	PRON
arjefm-1175	248	7	propose	propose	VERB
arjefm-1175	248	8	that	that	DET
arjefm-1175	248	9	depreciation	depreciation	NOUN
arjefm-1175	248	10	in	in	ADP
arjefm-1175	248	11	the	the	DET
arjefm-1175	248	12	exchange	exchange	NOUN
arjefm-1175	248	13	rate	rate	NOUN
arjefm-1175	248	14	discourages	discourage	VERB
arjefm-1175	248	15	investment	investment	NOUN
arjefm-1175	248	16	,	,	PUNCT
arjefm-1175	248	17	which	which	PRON
arjefm-1175	248	18	translates	translate	VERB
arjefm-1175	248	19	into	into	ADP
arjefm-1175	248	20	low	low	ADJ
arjefm-1175	248	21	levels	level	NOUN
arjefm-1175	248	22	of	of	ADP
arjefm-1175	248	23	economic	economic	ADJ
arjefm-1175	248	24	growth	growth	NOUN
arjefm-1175	248	25	.	.	PUNCT
arjefm-1175	249	1	conclusion	conclusion	NOUN
arjefm-1175	249	2	/	/	SYM
arjefm-1175	249	3	recommendations	recommendation	NOUN
arjefm-1175	249	4	in	in	ADP
arjefm-1175	249	5	light	light	NOUN
arjefm-1175	249	6	of	of	ADP
arjefm-1175	249	7	our	our	PRON
arjefm-1175	249	8	findings	finding	NOUN
arjefm-1175	249	9	,	,	PUNCT
arjefm-1175	249	10	this	this	DET
arjefm-1175	249	11	study	study	NOUN
arjefm-1175	249	12	comes	come	VERB
arjefm-1175	249	13	to	to	ADP
arjefm-1175	249	14	the	the	DET
arjefm-1175	249	15	conclusion	conclusion	NOUN
arjefm-1175	249	16	—	—	PUNCT
arjefm-1175	249	17	contrary	contrary	ADJ
arjefm-1175	249	18	to	to	ADP
arjefm-1175	249	19	theoretical	theoretical	ADJ
arjefm-1175	249	20	assumptions	assumption	NOUN
arjefm-1175	249	21	—	—	PUNCT
arjefm-1175	249	22	that	that	SCONJ
arjefm-1175	249	23	fdi	fdi	NOUN
arjefm-1175	249	24	had	have	AUX
arjefm-1175	249	25	no	no	DET
arjefm-1175	249	26	discernible	discernible	ADJ
arjefm-1175	249	27	impact	impact	NOUN
arjefm-1175	249	28	on	on	ADP
arjefm-1175	249	29	nigeria	nigeria	PROPN
arjefm-1175	249	30	's	's	PART
arjefm-1175	249	31	economic	economic	ADJ
arjefm-1175	249	32	growth	growth	NOUN
arjefm-1175	249	33	.	.	PUNCT
arjefm-1175	250	1	this	this	PRON
arjefm-1175	250	2	came	come	VERB
arjefm-1175	250	3	when	when	SCONJ
arjefm-1175	250	4	the	the	DET
arjefm-1175	250	5	long	long	ADJ
arjefm-1175	250	6	-	-	PUNCT
arjefm-1175	250	7	term	term	NOUN
arjefm-1175	250	8	effects	effect	NOUN
arjefm-1175	250	9	were	be	AUX
arjefm-1175	250	10	taken	take	VERB
arjefm-1175	250	11	into	into	ADP
arjefm-1175	250	12	account	account	NOUN
arjefm-1175	250	13	.	.	PUNCT
arjefm-1175	251	1	while	while	SCONJ
arjefm-1175	251	2	crowding	crowd	VERB
arjefm-1175	251	3	out	out	ADP
arjefm-1175	251	4	domestic	domestic	ADJ
arjefm-1175	251	5	investment	investment	NOUN
arjefm-1175	251	6	,	,	PUNCT
arjefm-1175	251	7	fdi	fdi	NOUN
arjefm-1175	251	8	has	have	VERB
arjefm-1175	251	9	a	a	DET
arjefm-1175	251	10	short	short	ADJ
arjefm-1175	251	11	-	-	PUNCT
arjefm-1175	251	12	term	term	NOUN
arjefm-1175	251	13	positive	positive	ADJ
arjefm-1175	251	14	effect	effect	NOUN
arjefm-1175	251	15	on	on	ADP
arjefm-1175	251	16	economic	economic	ADJ
arjefm-1175	251	17	growth	growth	NOUN
arjefm-1175	251	18	.	.	PUNCT
arjefm-1175	252	1	conversely	conversely	ADV
arjefm-1175	252	2	,	,	PUNCT
arjefm-1175	252	3	theoretical	theoretical	ADJ
arjefm-1175	252	4	presumptions	presumption	NOUN
arjefm-1175	252	5	state	state	VERB
arjefm-1175	252	6	that	that	SCONJ
arjefm-1175	252	7	persistent	persistent	ADJ
arjefm-1175	252	8	devaluation	devaluation	NOUN
arjefm-1175	252	9	,	,	PUNCT
arjefm-1175	252	10	floatation	floatation	NOUN
arjefm-1175	252	11	,	,	PUNCT
arjefm-1175	252	12	and	and	CCONJ
arjefm-1175	252	13	fluctuation	fluctuation	NOUN
arjefm-1175	252	14	in	in	ADP
arjefm-1175	252	15	the	the	DET
arjefm-1175	252	16	value	value	NOUN
arjefm-1175	252	17	of	of	ADP
arjefm-1175	252	18	the	the	DET
arjefm-1175	252	19	naira	naira	PROPN
arjefm-1175	252	20	deter	deter	NOUN
arjefm-1175	252	21	investment	investment	NOUN
arjefm-1175	252	22	.	.	PUNCT
arjefm-1175	253	1	this	this	DET
arjefm-1175	253	2	study	study	NOUN
arjefm-1175	253	3	suggests	suggest	VERB
arjefm-1175	253	4	that	that	SCONJ
arjefm-1175	253	5	if	if	SCONJ
arjefm-1175	253	6	the	the	DET
arjefm-1175	253	7	government	government	NOUN
arjefm-1175	253	8	proactively	proactively	ADV
arjefm-1175	253	9	addresses	address	VERB
arjefm-1175	253	10	infrastructure	infrastructure	NOUN
arjefm-1175	253	11	issues	issue	NOUN
arjefm-1175	253	12	,	,	PUNCT
arjefm-1175	253	13	develops	develop	VERB
arjefm-1175	253	14	a	a	DET
arjefm-1175	253	15	framework	framework	NOUN
arjefm-1175	253	16	of	of	ADP
arjefm-1175	253	17	policies	policy	NOUN
arjefm-1175	253	18	that	that	PRON
arjefm-1175	253	19	promote	promote	VERB
arjefm-1175	253	20	efficient	efficient	ADJ
arjefm-1175	253	21	technology	technology	NOUN
arjefm-1175	253	22	transfer	transfer	NOUN
arjefm-1175	253	23	and	and	CCONJ
arjefm-1175	253	24	knowledge	knowledge	NOUN
arjefm-1175	253	25	sharing	sharing	NOUN
arjefm-1175	253	26	,	,	PUNCT
arjefm-1175	253	27	and	and	CCONJ
arjefm-1175	253	28	improves	improve	VERB
arjefm-1175	253	29	the	the	DET
arjefm-1175	253	30	business	business	NOUN
arjefm-1175	253	31	climate	climate	NOUN
arjefm-1175	253	32	in	in	ADP
arjefm-1175	253	33	order	order	NOUN
arjefm-1175	253	34	to	to	PART
arjefm-1175	253	35	draw	draw	VERB
arjefm-1175	253	36	in	in	ADP
arjefm-1175	253	37	investors	investor	NOUN
arjefm-1175	253	38	,	,	PUNCT
arjefm-1175	253	39	foreign	foreign	ADJ
arjefm-1175	253	40	direct	direct	ADJ
arjefm-1175	253	41	investment	investment	NOUN
arjefm-1175	253	42	(	(	PUNCT
arjefm-1175	253	43	fdi	fdi	NOUN
arjefm-1175	253	44	)	)	PUNCT
arjefm-1175	253	45	can	can	AUX
arjefm-1175	253	46	greatly	greatly	ADV
arjefm-1175	253	47	accelerate	accelerate	VERB
arjefm-1175	253	48	nigeria	nigeria	PROPN
arjefm-1175	253	49	's	's	PART
arjefm-1175	253	50	economic	economic	ADJ
arjefm-1175	253	51	growth	growth	NOUN
arjefm-1175	253	52	and	and	CCONJ
arjefm-1175	253	53	have	have	VERB
arjefm-1175	253	54	long	long	ADJ
arjefm-1175	253	55	-	-	PUNCT
arjefm-1175	253	56	term	term	NOUN
arjefm-1175	253	57	positive	positive	ADJ
arjefm-1175	253	58	effects	effect	NOUN
arjefm-1175	253	59	.	.	PUNCT
arjefm-1175	254	1	additionally	additionally	ADV
arjefm-1175	254	2	,	,	PUNCT
arjefm-1175	254	3	in	in	ADP
arjefm-1175	254	4	order	order	NOUN
arjefm-1175	254	5	to	to	PART
arjefm-1175	254	6	encourage	encourage	VERB
arjefm-1175	254	7	more	more	ADJ
arjefm-1175	254	8	foreign	foreign	ADJ
arjefm-1175	254	9	investment	investment	NOUN
arjefm-1175	254	10	and	and	CCONJ
arjefm-1175	254	11	eventually	eventually	ADV
arjefm-1175	254	12	propel	propel	VERB
arjefm-1175	254	13	nigeria	nigeria	PROPN
arjefm-1175	254	14	's	's	PART
arjefm-1175	254	15	intended	intend	VERB
arjefm-1175	254	16	economic	economic	ADJ
arjefm-1175	254	17	growth	growth	NOUN
arjefm-1175	254	18	and	and	CCONJ
arjefm-1175	254	19	development	development	NOUN
arjefm-1175	254	20	,	,	PUNCT
arjefm-1175	254	21	it	it	PRON
arjefm-1175	254	22	is	be	AUX
arjefm-1175	254	23	imperative	imperative	ADJ
arjefm-1175	254	24	that	that	SCONJ
arjefm-1175	254	25	the	the	DET
arjefm-1175	254	26	exchange	exchange	NOUN
arjefm-1175	254	27	rate	rate	NOUN
arjefm-1175	254	28	remain	remain	VERB
arjefm-1175	254	29	stable	stable	ADJ
arjefm-1175	254	30	.	.	PUNCT
arjefm-1175	255	1	references	reference	NOUN
arjefm-1175	255	2	abdillahi	abdillahi	NOUN
arjefm-1175	255	3	,	,	PUNCT
arjefm-1175	255	4	m.	m.	NOUN
arjefm-1175	255	5	n.	n.	PROPN
arjefm-1175	255	6	,	,	PUNCT
arjefm-1175	255	7	&	&	CCONJ
arjefm-1175	255	8	mohd	mohd	PROPN
arjefm-1175	255	9	,	,	PUNCT
arjefm-1175	255	10	s.	s.	PROPN
arjefm-1175	255	11	(	(	PUNCT
arjefm-1175	255	12	2021	2021	NUM
arjefm-1175	255	13	)	)	PUNCT
arjefm-1175	255	14	.	.	PUNCT
arjefm-1175	256	1	impact	impact	NOUN
arjefm-1175	256	2	of	of	ADP
arjefm-1175	256	3	foreign	foreign	ADJ
arjefm-1175	256	4	direct	direct	ADJ
arjefm-1175	256	5	investment	investment	NOUN
arjefm-1175	256	6	on	on	ADP
arjefm-1175	256	7	economic	economic	ADJ
arjefm-1175	256	8	growth	growth	NOUN
arjefm-1175	256	9	in	in	ADP
arjefm-1175	256	10	ethiopia	ethiopia	PROPN
arjefm-1175	256	11	:	:	PUNCT
arjefm-1175	256	12	empirical	empirical	ADJ
arjefm-1175	256	13	evidence	evidence	NOUN
arjefm-1175	256	14	.	.	PUNCT
arjefm-1175	257	1	latin	latin	PROPN
arjefm-1175	257	2	american	american	PROPN
arjefm-1175	257	3	journal	journal	PROPN
arjefm-1175	257	4	of	of	ADP
arjefm-1175	257	5	trade	trade	NOUN
arjefm-1175	257	6	policy	policy	NOUN
arjefm-1175	257	7	,	,	PUNCT
arjefm-1175	257	8	4(10	4(10	NUM
arjefm-1175	257	9	)	)	PUNCT
arjefm-1175	257	10	,	,	PUNCT
arjefm-1175	257	11	56	56	NUM
arjefm-1175	257	12	-	-	SYM
arjefm-1175	257	13	77	77	NUM
arjefm-1175	257	14	.	.	PUNCT
arjefm-1175	258	1	adepoju	adepoju	PROPN
arjefm-1175	258	2	,	,	PUNCT
arjefm-1175	258	3	w.	w.	PROPN
arjefm-1175	258	4	a.	a.	PROPN
arjefm-1175	258	5	(	(	PUNCT
arjefm-1175	258	6	2017	2017	NUM
arjefm-1175	258	7	)	)	PUNCT
arjefm-1175	258	8	.	.	PUNCT
arjefm-1175	259	1	impact	impact	NOUN
arjefm-1175	259	2	of	of	ADP
arjefm-1175	259	3	public	public	ADJ
arjefm-1175	259	4	debt	debt	NOUN
arjefm-1175	259	5	on	on	ADP
arjefm-1175	259	6	gdp	gdp	NOUN
arjefm-1175	259	7	growth	growth	NOUN
arjefm-1175	259	8	the	the	DET
arjefm-1175	259	9	debt	debt	NOUN
arjefm-1175	259	10	multiplier	multiplier	ADV
arjefm-1175	259	11	in	in	ADP
arjefm-1175	259	12	albania	albania	PROPN
arjefm-1175	259	13	.	.	PUNCT
arjefm-1175	260	1	international	international	ADJ
arjefm-1175	260	2	journal	journal	PROPN
arjefm-1175	260	3	of	of	ADP
arjefm-1175	260	4	innovation	innovation	NOUN
arjefm-1175	260	5	and	and	CCONJ
arjefm-1175	260	6	economic	economic	ADJ
arjefm-1175	260	7	development	development	NOUN
arjefm-1175	260	8	,	,	PUNCT
arjefm-1175	260	9	3(4	3(4	NUM
arjefm-1175	260	10	)	)	PUNCT
arjefm-1175	260	11	,	,	PUNCT
arjefm-1175	260	12	60	60	NUM
arjefm-1175	260	13	-	-	SYM
arjefm-1175	260	14	67	67	NUM
arjefm-1175	260	15	.	.	PUNCT
arjefm-1175	261	1	alabi	alabi	PROPN
arjefm-1175	261	2	,	,	PUNCT
arjefm-1175	261	3	k.	k.	PROPN
arjefm-1175	261	4	(	(	PUNCT
arjefm-1175	261	5	2019	2019	NUM
arjefm-1175	261	6	)	)	PUNCT
arjefm-1175	261	7	.	.	PUNCT
arjefm-1175	262	1	impact	impact	NOUN
arjefm-1175	262	2	of	of	ADP
arjefm-1175	262	3	foreign	foreign	ADJ
arjefm-1175	262	4	direct	direct	ADJ
arjefm-1175	262	5	investment	investment	NOUN
arjefm-1175	262	6	on	on	ADP
arjefm-1175	262	7	economic	economic	ADJ
arjefm-1175	262	8	growth	growth	NOUN
arjefm-1175	262	9	:	:	PUNCT
arjefm-1175	262	10	nigeria	nigeria	PROPN
arjefm-1175	262	11	experience	experience	NOUN
arjefm-1175	262	12	.	.	PUNCT
arjefm-1175	263	1	open	open	ADJ
arjefm-1175	263	2	journal	journal	PROPN
arjefm-1175	263	3	of	of	ADP
arjefm-1175	263	4	applied	apply	VERB
arjefm-1175	263	5	sciences	science	NOUN
arjefm-1175	263	6	,	,	PUNCT
arjefm-1175	263	7	9	9	NUM
arjefm-1175	263	8	,	,	PUNCT
arjefm-1175	263	9	372	372	NUM
arjefm-1175	263	10	-	-	SYM
arjefm-1175	263	11	385	385	NUM
arjefm-1175	263	12	.	.	PUNCT
arjefm-1175	264	1	alfaro	alfaro	PROPN
arjefm-1175	264	2	,	,	PUNCT
arjefm-1175	264	3	l.	l.	PROPN
arjefm-1175	264	4	,	,	PUNCT
arjefm-1175	264	5	chanaa	chanaa	PROPN
arjefm-1175	264	6	,	,	PUNCT
arjefm-1175	264	7	a.	a.	NOUN
arjefm-1175	264	8	,	,	PUNCT
arjefm-1175	264	9	kalemli	kalemli	ADV
arjefm-1175	264	10	-	-	PUNCT
arjefm-1175	264	11	ozcan	ozcan	ADJ
arjefm-1175	264	12	,	,	PUNCT
arjefm-1175	264	13	s.	s.	PROPN
arjefm-1175	264	14	,	,	PUNCT
arjefm-1175	264	15	&	&	CCONJ
arjefm-1175	264	16	sayek	sayek	PROPN
arjefm-1175	264	17	,	,	PUNCT
arjefm-1175	264	18	s.	s.	PROPN
arjefm-1175	264	19	(	(	PUNCT
arjefm-1175	264	20	2010	2010	NUM
arjefm-1175	264	21	)	)	PUNCT
arjefm-1175	264	22	.	.	PUNCT
arjefm-1175	265	1	does	do	AUX
arjefm-1175	265	2	foreign	foreign	ADJ
arjefm-1175	265	3	direct	direct	ADJ
arjefm-1175	265	4	investment	investment	NOUN
arjefm-1175	265	5	promote	promote	VERB
arjefm-1175	265	6	economic	economic	ADJ
arjefm-1175	265	7	growth	growth	NOUN
arjefm-1175	265	8	?	?	PUNCT
arjefm-1175	266	1	exploring	explore	VERB
arjefm-1175	266	2	the	the	DET
arjefm-1175	266	3	role	role	NOUN
arjefm-1175	266	4	of	of	ADP
arjefm-1175	266	5	financial	financial	ADJ
arjefm-1175	266	6	markets	market	NOUN
arjefm-1175	266	7	.	.	PUNCT
arjefm-1175	267	1	journal	journal	PROPN
arjefm-1175	267	2	of	of	ADP
arjefm-1175	267	3	development	development	NOUN
arjefm-1175	267	4	economics	economic	NOUN
arjefm-1175	267	5	,	,	PUNCT
arjefm-1175	267	6	91(2	91(2	NUM
arjefm-1175	267	7	)	)	PUNCT
arjefm-1175	267	8	,	,	PUNCT
arjefm-1175	267	9	242	242	NUM
arjefm-1175	267	10	-	-	SYM
arjefm-1175	267	11	256	256	NUM
arjefm-1175	267	12	.	.	PUNCT
arjefm-1175	268	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1175	268	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	269	1	american	american	PROPN
arjefm-1175	269	2	research	research	PROPN
arjefm-1175	269	3	journal	journal	PROPN
arjefm-1175	269	4	of	of	ADP
arjefm-1175	269	5	economics	economic	NOUN
arjefm-1175	269	6	,	,	PUNCT
arjefm-1175	269	7	finance	finance	NOUN
arjefm-1175	269	8	and	and	CCONJ
arjefm-1175	269	9	management	management	NOUN
arjefm-1175	269	10	volume	volume	NOUN
arjefm-1175	269	11	13	13	NUM
arjefm-1175	269	12	issue	issue	NOUN
arjefm-1175	269	13	1	1	NUM
arjefm-1175	269	14	,	,	PUNCT
arjefm-1175	269	15	january	january	PROPN
arjefm-1175	269	16	-	-	PUNCT
arjefm-1175	269	17	march	march	PROPN
arjefm-1175	269	18	2025	2025	NUM
arjefm-1175	269	19	issn	issn	NOUN
arjefm-1175	269	20	:	:	PUNCT
arjefm-1175	269	21	2836	2836	NUM
arjefm-1175	269	22	-	-	SYM
arjefm-1175	269	23	9416	9416	NUM
arjefm-1175	269	24	impact	impact	NOUN
arjefm-1175	269	25	factor	factor	NOUN
arjefm-1175	269	26	:	:	PUNCT
arjefm-1175	269	27	6.41	6.41	NUM
arjefm-1175	269	28	journal	journal	NOUN
arjefm-1175	269	29	homepage	homepage	NOUN
arjefm-1175	269	30	:	:	PUNCT
arjefm-1175	269	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	269	32	,	,	PUNCT
arjefm-1175	269	33	email	email	NOUN
arjefm-1175	269	34	:	:	PUNCT
arjefm-1175	270	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	270	2	official	official	ADJ
arjefm-1175	270	3	journal	journal	PROPN
arjefm-1175	270	4	of	of	ADP
arjefm-1175	270	5	america	america	PROPN
arjefm-1175	270	6	serial	serial	PROPN
arjefm-1175	270	7	publication	publication	NOUN
arjefm-1175	270	8	american	american	PROPN
arjefm-1175	270	9	research	research	PROPN
arjefm-1175	270	10	journal	journal	PROPN
arjefm-1175	270	11	of	of	ADP
arjefm-1175	270	12	economics	economic	NOUN
arjefm-1175	270	13	,	,	PUNCT
arjefm-1175	270	14	finance	finance	NOUN
arjefm-1175	270	15	and	and	CCONJ
arjefm-1175	270	16	management	management	NOUN
arjefm-1175	270	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	270	18	,	,	PUNCT
arjefm-1175	270	19	email	email	NOUN
arjefm-1175	270	20	:	:	PUNCT
arjefm-1175	270	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	270	22	188	188	NUM
arjefm-1175	271	1	|	|	ADV
arjefm-1175	271	2	p	p	NOUN
arjefm-1175	271	3	a	a	DET
arjefm-1175	271	4	g	g	NOUN
arjefm-1175	271	5	e	e	NOUN
arjefm-1175	271	6	bashir	bashir	PROPN
arjefm-1175	271	7	,	,	PUNCT
arjefm-1175	271	8	d.	d.	PROPN
arjefm-1175	271	9	(	(	PUNCT
arjefm-1175	271	10	2022	2022	NUM
arjefm-1175	271	11	)	)	PUNCT
arjefm-1175	271	12	.	.	PUNCT
arjefm-1175	272	1	effect	effect	NOUN
arjefm-1175	272	2	of	of	ADP
arjefm-1175	272	3	foreign	foreign	ADJ
arjefm-1175	272	4	direct	direct	ADJ
arjefm-1175	272	5	investment	investment	NOUN
arjefm-1175	272	6	on	on	ADP
arjefm-1175	272	7	economic	economic	ADJ
arjefm-1175	272	8	growth	growth	NOUN
arjefm-1175	272	9	in	in	ADP
arjefm-1175	272	10	nigeria	nigeria	PROPN
arjefm-1175	272	11	:	:	PUNCT
arjefm-1175	272	12	does	do	AUX
arjefm-1175	272	13	exchange	exchange	NOUN
arjefm-1175	272	14	rate	rate	NOUN
arjefm-1175	272	15	matter	matter	NOUN
arjefm-1175	272	16	?	?	PUNCT
arjefm-1175	273	1	international	international	ADJ
arjefm-1175	273	2	journal	journal	NOUN
arjefm-1175	273	3	of	of	ADP
arjefm-1175	273	4	accounting	accounting	NOUN
arjefm-1175	273	5	and	and	CCONJ
arjefm-1175	273	6	finance	finance	NOUN
arjefm-1175	273	7	studies	study	NOUN
arjefm-1175	273	8	,	,	PUNCT
arjefm-1175	273	9	5(2	5(2	NUM
arjefm-1175	273	10	)	)	PUNCT
arjefm-1175	273	11	,	,	PUNCT
arjefm-1175	273	12	116	116	NUM
arjefm-1175	273	13	-	-	SYM
arjefm-1175	273	14	125	125	NUM
arjefm-1175	273	15	.	.	PUNCT
arjefm-1175	274	1	benetrix	benetrix	NOUN
arjefm-1175	274	2	,	,	PUNCT
arjefm-1175	274	3	a.	a.	NOUN
arjefm-1175	274	4	,	,	PUNCT
arjefm-1175	274	5	panizza	panizza	PROPN
arjefm-1175	274	6	,	,	PUNCT
arjefm-1175	274	7	u.	u.	PROPN
arjefm-1175	274	8	,	,	PUNCT
arjefm-1175	274	9	&	&	CCONJ
arjefm-1175	274	10	pallan	pallan	PROPN
arjefm-1175	274	11	,	,	PUNCT
arjefm-1175	274	12	h.	h.	PROPN
arjefm-1175	274	13	(	(	PUNCT
arjefm-1175	274	14	2023	2023	NUM
arjefm-1175	274	15	)	)	PUNCT
arjefm-1175	274	16	.	.	PUNCT
arjefm-1175	275	1	the	the	DET
arjefm-1175	275	2	elusive	elusive	ADJ
arjefm-1175	275	3	link	link	NOUN
arjefm-1175	275	4	between	between	ADP
arjefm-1175	275	5	fdi	fdi	PROPN
arjefm-1175	275	6	and	and	CCONJ
arjefm-1175	275	7	economic	economic	ADJ
arjefm-1175	275	8	growth	growth	NOUN
arjefm-1175	275	9	.	.	PUNCT
arjefm-1175	276	1	world	world	PROPN
arjefm-1175	276	2	bank	bank	PROPN
arjefm-1175	276	3	publication	publication	NOUN
arjefm-1175	276	4	.	.	PUNCT
arjefm-1175	277	1	borensztein	borensztein	PROPN
arjefm-1175	277	2	,	,	PUNCT
arjefm-1175	277	3	e.	e.	PROPN
arjefm-1175	277	4	,	,	PUNCT
arjefm-1175	277	5	de	de	PROPN
arjefm-1175	277	6	gregorio	gregorio	PROPN
arjefm-1175	277	7	,	,	PUNCT
arjefm-1175	277	8	j.	j.	PROPN
arjefm-1175	277	9	,	,	PUNCT
arjefm-1175	277	10	&	&	CCONJ
arjefm-1175	277	11	lee	lee	PROPN
arjefm-1175	277	12	,	,	PUNCT
arjefm-1175	277	13	j.	j.	PROPN
arjefm-1175	277	14	w.	w.	PROPN
arjefm-1175	277	15	(	(	PUNCT
arjefm-1175	277	16	1998	1998	NUM
arjefm-1175	277	17	)	)	PUNCT
arjefm-1175	277	18	.	.	PUNCT
arjefm-1175	278	1	how	how	SCONJ
arjefm-1175	278	2	does	do	AUX
arjefm-1175	278	3	foreign	foreign	ADJ
arjefm-1175	278	4	direct	direct	ADJ
arjefm-1175	278	5	investment	investment	NOUN
arjefm-1175	278	6	affect	affect	VERB
arjefm-1175	278	7	economic	economic	ADJ
arjefm-1175	278	8	growth	growth	NOUN
arjefm-1175	278	9	?	?	PUNCT
arjefm-1175	279	1	journal	journal	NOUN
arjefm-1175	279	2	of	of	ADP
arjefm-1175	279	3	international	international	ADJ
arjefm-1175	279	4	economics	economic	NOUN
arjefm-1175	279	5	,	,	PUNCT
arjefm-1175	279	6	45(1	45(1	NOUN
arjefm-1175	279	7	)	)	PUNCT
arjefm-1175	279	8	,	,	PUNCT
arjefm-1175	279	9	115	115	NUM
arjefm-1175	279	10	-	-	SYM
arjefm-1175	279	11	135	135	NUM
arjefm-1175	279	12	.	.	PUNCT
arjefm-1175	280	1	campos	campos	PROPN
arjefm-1175	280	2	,	,	PUNCT
arjefm-1175	280	3	n.	n.	PROPN
arjefm-1175	280	4	f.	f.	PROPN
arjefm-1175	280	5	,	,	PUNCT
arjefm-1175	280	6	&	&	CCONJ
arjefm-1175	280	7	kinoshita	kinoshita	PROPN
arjefm-1175	280	8	,	,	PUNCT
arjefm-1175	280	9	y.	y.	PROPN
arjefm-1175	280	10	(	(	PUNCT
arjefm-1175	280	11	2003	2003	NUM
arjefm-1175	280	12	)	)	PUNCT
arjefm-1175	280	13	.	.	PUNCT
arjefm-1175	281	1	why	why	SCONJ
arjefm-1175	281	2	does	do	AUX
arjefm-1175	281	3	fdi	fdi	NOUN
arjefm-1175	281	4	go	go	VERB
arjefm-1175	281	5	where	where	SCONJ
arjefm-1175	281	6	it	it	PRON
arjefm-1175	281	7	goes	go	VERB
arjefm-1175	281	8	?	?	PUNCT
arjefm-1175	282	1	new	new	ADJ
arjefm-1175	282	2	evidence	evidence	NOUN
arjefm-1175	282	3	from	from	ADP
arjefm-1175	282	4	the	the	DET
arjefm-1175	282	5	transition	transition	NOUN
arjefm-1175	282	6	economies	economy	NOUN
arjefm-1175	282	7	.	.	PUNCT
arjefm-1175	283	1	imf	imf	PROPN
arjefm-1175	283	2	working	working	PROPN
arjefm-1175	283	3	paper	paper	PROPN
arjefm-1175	283	4	03/228	03/228	PROPN
arjefm-1175	283	5	.	.	PUNCT
arjefm-1175	284	1	international	international	ADJ
arjefm-1175	284	2	monetary	monetary	ADJ
arjefm-1175	284	3	fund	fund	NOUN
arjefm-1175	284	4	.	.	PUNCT
arjefm-1175	285	1	carkovic	carkovic	ADJ
arjefm-1175	285	2	,	,	PUNCT
arjefm-1175	285	3	m.	m.	NOUN
arjefm-1175	285	4	,	,	PUNCT
arjefm-1175	285	5	&	&	CCONJ
arjefm-1175	285	6	levine	levine	PROPN
arjefm-1175	285	7	,	,	PUNCT
arjefm-1175	285	8	r.	r.	PROPN
arjefm-1175	285	9	(	(	PUNCT
arjefm-1175	285	10	2005	2005	NUM
arjefm-1175	285	11	)	)	PUNCT
arjefm-1175	285	12	.	.	PUNCT
arjefm-1175	286	1	does	do	AUX
arjefm-1175	286	2	foreign	foreign	ADJ
arjefm-1175	286	3	direct	direct	ADJ
arjefm-1175	286	4	investment	investment	NOUN
arjefm-1175	286	5	accelerate	accelerate	VERB
arjefm-1175	286	6	economic	economic	ADJ
arjefm-1175	286	7	growth	growth	NOUN
arjefm-1175	286	8	?	?	PUNCT
arjefm-1175	287	1	university	university	NOUN
arjefm-1175	287	2	of	of	ADP
arjefm-1175	287	3	minnesota	minnesota	PROPN
arjefm-1175	287	4	,	,	PUNCT
arjefm-1175	287	5	department	department	NOUN
arjefm-1175	287	6	of	of	ADP
arjefm-1175	287	7	economics	economic	NOUN
arjefm-1175	287	8	.	.	PUNCT
arjefm-1175	288	1	chi	chi	PROPN
arjefm-1175	288	2	dieu	dieu	PROPN
arjefm-1175	288	3	thi	thi	PROPN
arjefm-1175	288	4	nguyen	nguyen	PROPN
arjefm-1175	288	5	.	.	PUNCT
arjefm-1175	289	1	(	(	PUNCT
arjefm-1175	289	2	2023	2023	NUM
arjefm-1175	289	3	)	)	PUNCT
arjefm-1175	289	4	.	.	PUNCT
arjefm-1175	290	1	link	link	NOUN
arjefm-1175	290	2	between	between	ADP
arjefm-1175	290	3	foreign	foreign	ADJ
arjefm-1175	290	4	exchange	exchange	NOUN
arjefm-1175	290	5	rate	rate	NOUN
arjefm-1175	290	6	and	and	CCONJ
arjefm-1175	290	7	foreign	foreign	ADJ
arjefm-1175	290	8	direct	direct	ADJ
arjefm-1175	290	9	investment	investment	NOUN
arjefm-1175	290	10	:	:	PUNCT
arjefm-1175	290	11	case	case	NOUN
arjefm-1175	290	12	from	from	ADP
arjefm-1175	290	13	vietnam	vietnam	PROPN
arjefm-1175	290	14	.	.	PUNCT
arjefm-1175	291	1	review	review	NOUN
arjefm-1175	291	2	of	of	ADP
arjefm-1175	291	3	economics	economic	NOUN
arjefm-1175	291	4	and	and	CCONJ
arjefm-1175	291	5	finance	finance	NOUN
arjefm-1175	291	6	,	,	PUNCT
arjefm-1175	291	7	21	21	NUM
arjefm-1175	291	8	,	,	PUNCT
arjefm-1175	291	9	1109	1109	NUM
arjefm-1175	291	10	-	-	SYM
arjefm-1175	291	11	1115	1115	NUM
arjefm-1175	291	12	.	.	PUNCT
arjefm-1175	292	1	dang	dang	PROPN
arjefm-1175	292	2	,	,	PUNCT
arjefm-1175	292	3	t.	t.	PROPN
arjefm-1175	292	4	t.	t.	PROPN
arjefm-1175	292	5	,	,	PUNCT
arjefm-1175	292	6	oanh	oanh	ADV
arjefm-1175	292	7	,	,	PUNCT
arjefm-1175	292	8	t.	t.	PROPN
arjefm-1175	292	9	t.	t.	PROPN
arjefm-1175	292	10	k.	k.	PROPN
arjefm-1175	292	11	,	,	PUNCT
arjefm-1175	292	12	thanh	thanh	PROPN
arjefm-1175	292	13	,	,	PUNCT
arjefm-1175	292	14	h.	h.	PROPN
arjefm-1175	292	15	l.	l.	PROPN
arjefm-1175	292	16	,	,	PUNCT
arjefm-1175	292	17	&	&	CCONJ
arjefm-1175	292	18	nguyen	nguyen	PROPN
arjefm-1175	292	19	,	,	PUNCT
arjefm-1175	292	20	t.	t.	PROPN
arjefm-1175	292	21	n.	n.	PROPN
arjefm-1175	292	22	(	(	PUNCT
arjefm-1175	292	23	2023	2023	NUM
arjefm-1175	292	24	)	)	PUNCT
arjefm-1175	292	25	.	.	PUNCT
arjefm-1175	293	1	impact	impact	NOUN
arjefm-1175	293	2	of	of	ADP
arjefm-1175	293	3	foreign	foreign	ADJ
arjefm-1175	293	4	direct	direct	ADJ
arjefm-1175	293	5	investment	investment	NOUN
arjefm-1175	293	6	on	on	ADP
arjefm-1175	293	7	economic	economic	ADJ
arjefm-1175	293	8	development	development	NOUN
arjefm-1175	293	9	:	:	PUNCT
arjefm-1175	293	10	does	do	VERB
arjefm-1175	293	11	institutional	institutional	ADJ
arjefm-1175	293	12	quality	quality	NOUN
arjefm-1175	293	13	matter	matter	NOUN
arjefm-1175	293	14	?	?	PUNCT
arjefm-1175	294	1	emerging	emerge	VERB
arjefm-1175	294	2	science	science	NOUN
arjefm-1175	294	3	journal	journal	NOUN
arjefm-1175	294	4	,	,	PUNCT
arjefm-1175	294	5	7(6	7(6	NUM
arjefm-1175	294	6	)	)	PUNCT
arjefm-1175	294	7	,	,	PUNCT
arjefm-1175	294	8	1924	1924	NUM
arjefm-1175	294	9	-	-	SYM
arjefm-1175	294	10	1936	1936	NUM
arjefm-1175	294	11	.	.	PUNCT
arjefm-1175	295	1	de	de	PROPN
arjefm-1175	295	2	mello	mello	PROPN
arjefm-1175	295	3	,	,	PUNCT
arjefm-1175	295	4	l.	l.	PROPN
arjefm-1175	295	5	(	(	PUNCT
arjefm-1175	295	6	1999	1999	NUM
arjefm-1175	295	7	)	)	PUNCT
arjefm-1175	295	8	.	.	PUNCT
arjefm-1175	296	1	foreign	foreign	ADJ
arjefm-1175	296	2	direct	direct	ADJ
arjefm-1175	296	3	investment	investment	NOUN
arjefm-1175	296	4	-	-	PUNCT
arjefm-1175	296	5	led	lead	VERB
arjefm-1175	296	6	growth	growth	NOUN
arjefm-1175	296	7	:	:	PUNCT
arjefm-1175	296	8	evidence	evidence	NOUN
arjefm-1175	296	9	from	from	ADP
arjefm-1175	296	10	time	time	NOUN
arjefm-1175	296	11	series	series	PROPN
arjefm-1175	296	12	and	and	CCONJ
arjefm-1175	296	13	panel	panel	NOUN
arjefm-1175	296	14	data	datum	NOUN
arjefm-1175	296	15	.	.	PUNCT
arjefm-1175	297	1	oxford	oxford	PROPN
arjefm-1175	297	2	economic	economic	ADJ
arjefm-1175	297	3	papers	paper	NOUN
arjefm-1175	297	4	,	,	PUNCT
arjefm-1175	297	5	51(1	51(1	NUM
arjefm-1175	297	6	)	)	PUNCT
arjefm-1175	297	7	,	,	PUNCT
arjefm-1175	297	8	133	133	NUM
arjefm-1175	297	9	-	-	SYM
arjefm-1175	297	10	151	151	NUM
arjefm-1175	297	11	.	.	PUNCT
arjefm-1175	298	1	garang	garang	PROPN
arjefm-1175	298	2	,	,	PUNCT
arjefm-1175	298	3	a.	a.	PROPN
arjefm-1175	298	4	,	,	PUNCT
arjefm-1175	298	5	yacouba	yacouba	PROPN
arjefm-1175	298	6	,	,	PUNCT
arjefm-1175	298	7	k.	k.	PROPN
arjefm-1175	298	8	,	,	PUNCT
arjefm-1175	298	9	&	&	CCONJ
arjefm-1175	298	10	thiery	thiery	PROPN
arjefm-1175	298	11	,	,	PUNCT
arjefm-1175	298	12	k.	k.	PROPN
arjefm-1175	298	13	(	(	PUNCT
arjefm-1175	298	14	2018	2018	NUM
arjefm-1175	298	15	)	)	PUNCT
arjefm-1175	298	16	.	.	PUNCT
arjefm-1175	299	1	time	time	NOUN
arjefm-1175	299	2	series	series	PROPN
arjefm-1175	299	3	bounds	bound	VERB
arjefm-1175	299	4	approach	approach	VERB
arjefm-1175	299	5	to	to	ADP
arjefm-1175	299	6	foreign	foreign	ADJ
arjefm-1175	299	7	direct	direct	ADJ
arjefm-1175	299	8	investment	investment	NOUN
arjefm-1175	299	9	,	,	PUNCT
arjefm-1175	299	10	unemployment	unemployment	NOUN
arjefm-1175	299	11	and	and	CCONJ
arjefm-1175	299	12	economic	economic	ADJ
arjefm-1175	299	13	growth	growth	NOUN
arjefm-1175	299	14	in	in	ADP
arjefm-1175	299	15	uganda	uganda	PROPN
arjefm-1175	299	16	.	.	PUNCT
arjefm-1175	300	1	modern	modern	ADJ
arjefm-1175	300	2	economy	economy	NOUN
arjefm-1175	300	3	,	,	PUNCT
arjefm-1175	300	4	9(1	9(1	NUM
arjefm-1175	300	5	)	)	PUNCT
arjefm-1175	300	6	,	,	PUNCT
arjefm-1175	300	7	87	87	NUM
arjefm-1175	300	8	-	-	SYM
arjefm-1175	300	9	96	96	NUM
arjefm-1175	300	10	.	.	PUNCT
arjefm-1175	301	1	gisore	gisore	NOUN
arjefm-1175	301	2	,	,	PUNCT
arjefm-1175	301	3	m.	m.	NOUN
arjefm-1175	301	4	(	(	PUNCT
arjefm-1175	301	5	2021	2021	NUM
arjefm-1175	301	6	)	)	PUNCT
arjefm-1175	301	7	.	.	PUNCT
arjefm-1175	302	1	determinants	determinant	NOUN
arjefm-1175	302	2	of	of	ADP
arjefm-1175	302	3	regional	regional	ADJ
arjefm-1175	302	4	economic	economic	ADJ
arjefm-1175	302	5	growth	growth	NOUN
arjefm-1175	302	6	in	in	ADP
arjefm-1175	302	7	kenya	kenya	PROPN
arjefm-1175	302	8	.	.	PUNCT
arjefm-1175	303	1	african	african	ADJ
arjefm-1175	303	2	journal	journal	PROPN
arjefm-1175	303	3	of	of	ADP
arjefm-1175	303	4	business	business	NOUN
arjefm-1175	303	5	management	management	NOUN
arjefm-1175	303	6	,	,	PUNCT
arjefm-1175	303	7	15(1	15(1	NUM
arjefm-1175	303	8	)	)	PUNCT
arjefm-1175	303	9	,	,	PUNCT
arjefm-1175	303	10	1	1	NUM
arjefm-1175	303	11	-	-	SYM
arjefm-1175	303	12	12	12	NUM
arjefm-1175	303	13	.	.	PUNCT
arjefm-1175	304	1	keita	keita	PROPN
arjefm-1175	304	2	,	,	PUNCT
arjefm-1175	304	3	o.	o.	PROPN
arjefm-1175	304	4	,	,	PUNCT
arjefm-1175	304	5	&	&	CCONJ
arjefm-1175	304	6	baorong	baorong	PROPN
arjefm-1175	304	7	,	,	PUNCT
arjefm-1175	304	8	y.	y.	PROPN
arjefm-1175	304	9	(	(	PUNCT
arjefm-1175	304	10	2022	2022	NUM
arjefm-1175	304	11	)	)	PUNCT
arjefm-1175	304	12	.	.	PUNCT
arjefm-1175	305	1	foreign	foreign	ADJ
arjefm-1175	305	2	direct	direct	ADJ
arjefm-1175	305	3	investment	investment	NOUN
arjefm-1175	305	4	and	and	CCONJ
arjefm-1175	305	5	economic	economic	ADJ
arjefm-1175	305	6	growth	growth	NOUN
arjefm-1175	305	7	nexus	nexus	NOUN
arjefm-1175	305	8	:	:	PUNCT
arjefm-1175	305	9	empirical	empirical	ADJ
arjefm-1175	305	10	insight	insight	NOUN
arjefm-1175	305	11	from	from	ADP
arjefm-1175	305	12	guinea	guinea	NOUN
arjefm-1175	305	13	.	.	PUNCT
arjefm-1175	306	1	asian	asian	ADJ
arjefm-1175	306	2	economic	economic	ADJ
arjefm-1175	306	3	and	and	CCONJ
arjefm-1175	306	4	financial	financial	ADJ
arjefm-1175	306	5	review	review	NOUN
arjefm-1175	306	6	,	,	PUNCT
arjefm-1175	306	7	12(1	12(1	NUM
arjefm-1175	306	8	)	)	PUNCT
arjefm-1175	306	9	,	,	PUNCT
arjefm-1175	306	10	58	58	NUM
arjefm-1175	306	11	-	-	SYM
arjefm-1175	306	12	69	69	NUM
arjefm-1175	306	13	.	.	PUNCT
arjefm-1175	307	1	khaing	khaing	NOUN
arjefm-1175	307	2	,	,	PUNCT
arjefm-1175	307	3	s.	s.	PROPN
arjefm-1175	307	4	s.	s.	PROPN
arjefm-1175	307	5	(	(	PUNCT
arjefm-1175	307	6	2009	2009	NUM
arjefm-1175	307	7	)	)	PUNCT
arjefm-1175	307	8	.	.	PUNCT
arjefm-1175	308	1	globalization	globalization	NOUN
arjefm-1175	308	2	and	and	CCONJ
arjefm-1175	308	3	change	change	NOUN
arjefm-1175	308	4	of	of	ADP
arjefm-1175	308	5	investment	investment	NOUN
arjefm-1175	308	6	environment	environment	NOUN
arjefm-1175	308	7	in	in	ADP
arjefm-1175	308	8	asean	asean	PROPN
arjefm-1175	308	9	.	.	PUNCT
arjefm-1175	309	1	graduate	graduate	NOUN
arjefm-1175	309	2	school	school	NOUN
arjefm-1175	309	3	of	of	ADP
arjefm-1175	309	4	humanities	humanity	NOUN
arjefm-1175	309	5	and	and	CCONJ
arjefm-1175	309	6	social	social	ADJ
arjefm-1175	309	7	sciences	sciences	PROPN
arjefm-1175	309	8	,	,	PUNCT
arjefm-1175	309	9	japan	japan	PROPN
arjefm-1175	309	10	.	.	PUNCT
arjefm-1175	310	1	lim	lim	PROPN
arjefm-1175	310	2	,	,	PUNCT
arjefm-1175	310	3	e.	e.	PROPN
arjefm-1175	310	4	(	(	PUNCT
arjefm-1175	310	5	2001	2001	NUM
arjefm-1175	310	6	)	)	PUNCT
arjefm-1175	310	7	.	.	PUNCT
arjefm-1175	311	1	determinants	determinant	NOUN
arjefm-1175	311	2	of	of	ADP
arjefm-1175	311	3	and	and	CCONJ
arjefm-1175	311	4	relation	relation	NOUN
arjefm-1175	311	5	between	between	ADP
arjefm-1175	311	6	foreign	foreign	ADJ
arjefm-1175	311	7	direct	direct	ADJ
arjefm-1175	311	8	investment	investment	NOUN
arjefm-1175	311	9	and	and	CCONJ
arjefm-1175	311	10	growth	growth	NOUN
arjefm-1175	311	11	:	:	PUNCT
arjefm-1175	311	12	a	a	DET
arjefm-1175	311	13	summary	summary	NOUN
arjefm-1175	311	14	of	of	ADP
arjefm-1175	311	15	recent	recent	ADJ
arjefm-1175	311	16	literature	literature	NOUN
arjefm-1175	311	17	.	.	PUNCT
arjefm-1175	312	1	imf	imf	PROPN
arjefm-1175	312	2	working	working	PROPN
arjefm-1175	312	3	paper	paper	PROPN
arjefm-1175	312	4	wp/01/175	wp/01/175	PROPN
arjefm-1175	312	5	.	.	PUNCT
arjefm-1175	313	1	international	international	ADJ
arjefm-1175	313	2	monetary	monetary	ADJ
arjefm-1175	313	3	fund	fund	NOUN
arjefm-1175	313	4	.	.	PUNCT
arjefm-1175	314	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1175	314	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	315	1	american	american	PROPN
arjefm-1175	315	2	research	research	PROPN
arjefm-1175	315	3	journal	journal	PROPN
arjefm-1175	315	4	of	of	ADP
arjefm-1175	315	5	economics	economic	NOUN
arjefm-1175	315	6	,	,	PUNCT
arjefm-1175	315	7	finance	finance	NOUN
arjefm-1175	315	8	and	and	CCONJ
arjefm-1175	315	9	management	management	NOUN
arjefm-1175	315	10	volume	volume	NOUN
arjefm-1175	315	11	13	13	NUM
arjefm-1175	315	12	issue	issue	NOUN
arjefm-1175	315	13	1	1	NUM
arjefm-1175	315	14	,	,	PUNCT
arjefm-1175	315	15	january	january	PROPN
arjefm-1175	315	16	-	-	PUNCT
arjefm-1175	315	17	march	march	PROPN
arjefm-1175	315	18	2025	2025	NUM
arjefm-1175	315	19	issn	issn	NOUN
arjefm-1175	315	20	:	:	PUNCT
arjefm-1175	315	21	2836	2836	NUM
arjefm-1175	315	22	-	-	SYM
arjefm-1175	315	23	9416	9416	NUM
arjefm-1175	315	24	impact	impact	NOUN
arjefm-1175	315	25	factor	factor	NOUN
arjefm-1175	315	26	:	:	PUNCT
arjefm-1175	315	27	6.41	6.41	NUM
arjefm-1175	315	28	journal	journal	NOUN
arjefm-1175	315	29	homepage	homepage	NOUN
arjefm-1175	315	30	:	:	PUNCT
arjefm-1175	315	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	315	32	,	,	PUNCT
arjefm-1175	315	33	email	email	NOUN
arjefm-1175	315	34	:	:	PUNCT
arjefm-1175	316	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-1175	316	2	official	official	ADJ
arjefm-1175	316	3	journal	journal	PROPN
arjefm-1175	316	4	of	of	ADP
arjefm-1175	316	5	america	america	PROPN
arjefm-1175	316	6	serial	serial	PROPN
arjefm-1175	316	7	publication	publication	NOUN
arjefm-1175	316	8	american	american	PROPN
arjefm-1175	316	9	research	research	PROPN
arjefm-1175	316	10	journal	journal	PROPN
arjefm-1175	316	11	of	of	ADP
arjefm-1175	316	12	economics	economic	NOUN
arjefm-1175	316	13	,	,	PUNCT
arjefm-1175	316	14	finance	finance	NOUN
arjefm-1175	316	15	and	and	CCONJ
arjefm-1175	316	16	management	management	NOUN
arjefm-1175	316	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-1175	316	18	,	,	PUNCT
arjefm-1175	316	19	email	email	NOUN
arjefm-1175	316	20	:	:	PUNCT
arjefm-1175	316	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	317	1	189	189	NUM
arjefm-1175	318	1	|	|	ADV
arjefm-1175	318	2	p	p	NOUN
arjefm-1175	318	3	a	a	DET
arjefm-1175	318	4	g	g	NOUN
arjefm-1175	318	5	e	e	NOUN
arjefm-1175	318	6	mathebula	mathebula	NOUN
arjefm-1175	318	7	,	,	PUNCT
arjefm-1175	318	8	r.	r.	PROPN
arjefm-1175	318	9	s.	s.	PROPN
arjefm-1175	318	10	,	,	PUNCT
arjefm-1175	318	11	dagume	dagume	PROPN
arjefm-1175	318	12	,	,	PUNCT
arjefm-1175	318	13	m.	m.	NOUN
arjefm-1175	318	14	a.	a.	PROPN
arjefm-1175	318	15	,	,	PUNCT
arjefm-1175	318	16	&	&	CCONJ
arjefm-1175	318	17	khangale	khangale	PROPN
arjefm-1175	318	18	,	,	PUNCT
arjefm-1175	318	19	a.	a.	PROPN
arjefm-1175	318	20	r.	r.	PROPN
arjefm-1175	318	21	(	(	PUNCT
arjefm-1175	318	22	2024	2024	NUM
arjefm-1175	318	23	)	)	PUNCT
arjefm-1175	318	24	.	.	PUNCT
arjefm-1175	319	1	impact	impact	NOUN
arjefm-1175	319	2	of	of	ADP
arjefm-1175	319	3	foreign	foreign	ADJ
arjefm-1175	319	4	direct	direct	ADJ
arjefm-1175	319	5	investment	investment	NOUN
arjefm-1175	319	6	on	on	ADP
arjefm-1175	319	7	economic	economic	ADJ
arjefm-1175	319	8	growth	growth	NOUN
arjefm-1175	319	9	:	:	PUNCT
arjefm-1175	319	10	evidence	evidence	NOUN
arjefm-1175	319	11	for	for	ADP
arjefm-1175	319	12	south	south	PROPN
arjefm-1175	319	13	africa	africa	PROPN
arjefm-1175	319	14	.	.	PUNCT
arjefm-1175	320	1	journal	journal	PROPN
arjefm-1175	320	2	of	of	ADP
arjefm-1175	320	3	smart	smart	ADJ
arjefm-1175	320	4	economic	economic	ADJ
arjefm-1175	320	5	growth	growth	NOUN
arjefm-1175	320	6	,	,	PUNCT
arjefm-1175	320	7	9(1	9(1	NUM
arjefm-1175	320	8	)	)	PUNCT
arjefm-1175	320	9	,	,	PUNCT
arjefm-1175	320	10	118148	118148	NUM
arjefm-1175	320	11	.	.	PUNCT
arjefm-1175	321	1	mazenda	mazenda	NOUN
arjefm-1175	321	2	,	,	PUNCT
arjefm-1175	321	3	a.	a.	NOUN
arjefm-1175	321	4	(	(	PUNCT
arjefm-1175	321	5	2024	2024	NUM
arjefm-1175	321	6	)	)	PUNCT
arjefm-1175	321	7	.	.	PUNCT
arjefm-1175	322	1	effect	effect	NOUN
arjefm-1175	322	2	of	of	ADP
arjefm-1175	322	3	foreign	foreign	ADJ
arjefm-1175	322	4	direct	direct	ADJ
arjefm-1175	322	5	investment	investment	NOUN
arjefm-1175	322	6	on	on	ADP
arjefm-1175	322	7	economic	economic	ADJ
arjefm-1175	322	8	growth	growth	NOUN
arjefm-1175	322	9	:	:	PUNCT
arjefm-1175	322	10	evidence	evidence	NOUN
arjefm-1175	322	11	from	from	ADP
arjefm-1175	322	12	south	south	PROPN
arjefm-1175	322	13	africa	africa	PROPN
arjefm-1175	322	14	.	.	PUNCT
arjefm-1175	323	1	mediterranean	mediterranean	PROPN
arjefm-1175	323	2	journal	journal	PROPN
arjefm-1175	323	3	of	of	ADP
arjefm-1175	323	4	social	social	ADJ
arjefm-1175	323	5	sciences	science	NOUN
arjefm-1175	323	6	,	,	PUNCT
arjefm-1175	323	7	5(10	5(10	NUM
arjefm-1175	323	8	)	)	PUNCT
arjefm-1175	323	9	,	,	PUNCT
arjefm-1175	323	10	95	95	NUM
arjefm-1175	323	11	-	-	SYM
arjefm-1175	323	12	108	108	NUM
arjefm-1175	323	13	.	.	PUNCT
arjefm-1175	324	1	moses	moses	PROPN
arjefm-1175	324	2	,	,	PUNCT
arjefm-1175	324	3	e.	e.	PROPN
arjefm-1175	324	4	c.	c.	PROPN
arjefm-1175	324	5	(	(	PUNCT
arjefm-1175	324	6	2011	2011	NUM
arjefm-1175	324	7	)	)	PUNCT
arjefm-1175	324	8	.	.	PUNCT
arjefm-1175	325	1	oil	oil	NOUN
arjefm-1175	325	2	and	and	CCONJ
arjefm-1175	325	3	non	non	ADJ
arjefm-1175	325	4	-	-	ADJ
arjefm-1175	325	5	oil	oil	ADJ
arjefm-1175	325	6	fdi	fdi	NOUN
arjefm-1175	325	7	and	and	CCONJ
arjefm-1175	325	8	economic	economic	ADJ
arjefm-1175	325	9	development	development	NOUN
arjefm-1175	325	10	in	in	ADP
arjefm-1175	325	11	nigeria	nigeria	PROPN
arjefm-1175	325	12	.	.	PUNCT
arjefm-1175	326	1	journal	journal	PROPN
arjefm-1175	326	2	of	of	ADP
arjefm-1175	326	3	emerging	emerge	VERB
arjefm-1175	326	4	trends	trend	NOUN
arjefm-1175	326	5	in	in	ADP
arjefm-1175	326	6	economics	economic	NOUN
arjefm-1175	326	7	and	and	CCONJ
arjefm-1175	326	8	management	management	NOUN
arjefm-1175	326	9	sciences	science	NOUN
arjefm-1175	326	10	,	,	PUNCT
arjefm-1175	326	11	2(4	2(4	NUM
arjefm-1175	326	12	)	)	PUNCT
arjefm-1175	326	13	,	,	PUNCT
arjefm-1175	326	14	33	33	NUM
arjefm-1175	326	15	-	-	SYM
arjefm-1175	326	16	34	34	NUM
arjefm-1175	326	17	.	.	PUNCT
arjefm-1175	327	1	mwitta	mwitta	PROPN
arjefm-1175	327	2	,	,	PUNCT
arjefm-1175	327	3	n.	n.	PROPN
arjefm-1175	327	4	z.	z.	PROPN
arjefm-1175	327	5	(	(	PUNCT
arjefm-1175	327	6	2022	2022	NUM
arjefm-1175	327	7	)	)	PUNCT
arjefm-1175	327	8	.	.	PUNCT
arjefm-1175	328	1	impact	impact	NOUN
arjefm-1175	328	2	of	of	ADP
arjefm-1175	328	3	foreign	foreign	ADJ
arjefm-1175	328	4	direct	direct	ADJ
arjefm-1175	328	5	investment	investment	NOUN
arjefm-1175	328	6	on	on	ADP
arjefm-1175	328	7	economic	economic	ADJ
arjefm-1175	328	8	growth	growth	NOUN
arjefm-1175	328	9	:	:	PUNCT
arjefm-1175	328	10	empirical	empirical	ADJ
arjefm-1175	328	11	evidence	evidence	NOUN
arjefm-1175	328	12	from	from	ADP
arjefm-1175	328	13	tanzania	tanzania	PROPN
arjefm-1175	328	14	(	(	PUNCT
arjefm-1175	328	15	1990	1990	NUM
arjefm-1175	328	16	-	-	SYM
arjefm-1175	328	17	2020	2020	NUM
arjefm-1175	328	18	)	)	PUNCT
arjefm-1175	328	19	.	.	PUNCT
arjefm-1175	329	1	[	[	X
arjefm-1175	329	2	master	master	NOUN
arjefm-1175	329	3	’s	’s	PART
arjefm-1175	329	4	thesis	thesis	NOUN
arjefm-1175	329	5	,	,	PUNCT
arjefm-1175	329	6	kdi	kdi	PROPN
arjefm-1175	329	7	school	school	NOUN
arjefm-1175	329	8	of	of	ADP
arjefm-1175	329	9	public	public	ADJ
arjefm-1175	329	10	policy	policy	NOUN
arjefm-1175	329	11	and	and	CCONJ
arjefm-1175	329	12	management	management	NOUN
arjefm-1175	329	13	]	]	PUNCT
arjefm-1175	329	14	.	.	PUNCT
arjefm-1175	330	1	naftaly	naftaly	PROPN
arjefm-1175	330	2	,	,	PUNCT
arjefm-1175	330	3	m.	m.	NOUN
arjefm-1175	330	4	,	,	PUNCT
arjefm-1175	330	5	&	&	CCONJ
arjefm-1175	330	6	kipchirchir	kipchirchir	PROPN
arjefm-1175	330	7	,	,	PUNCT
arjefm-1175	330	8	e.	e.	PROPN
arjefm-1175	330	9	(	(	PUNCT
arjefm-1175	330	10	2024	2024	NUM
arjefm-1175	330	11	)	)	PUNCT
arjefm-1175	330	12	.	.	PUNCT
arjefm-1175	331	1	foreign	foreign	ADJ
arjefm-1175	331	2	direct	direct	ADJ
arjefm-1175	331	3	investment	investment	NOUN
arjefm-1175	331	4	and	and	CCONJ
arjefm-1175	331	5	economic	economic	ADJ
arjefm-1175	331	6	growth	growth	NOUN
arjefm-1175	331	7	in	in	ADP
arjefm-1175	331	8	kenya	kenya	PROPN
arjefm-1175	331	9	:	:	PUNCT
arjefm-1175	331	10	a	a	DET
arjefm-1175	331	11	comprehensive	comprehensive	ADJ
arjefm-1175	331	12	analysis	analysis	NOUN
arjefm-1175	331	13	.	.	PUNCT
arjefm-1175	332	1	asian	asian	ADJ
arjefm-1175	332	2	journal	journal	PROPN
arjefm-1175	332	3	of	of	ADP
arjefm-1175	332	4	economics	economic	NOUN
arjefm-1175	332	5	,	,	PUNCT
arjefm-1175	332	6	business	business	NOUN
arjefm-1175	332	7	and	and	CCONJ
arjefm-1175	332	8	accounting	accounting	NOUN
arjefm-1175	332	9	,	,	PUNCT
arjefm-1175	332	10	24(2	24(2	NUM
arjefm-1175	332	11	)	)	PUNCT
arjefm-1175	332	12	,	,	PUNCT
arjefm-1175	332	13	1	1	NUM
arjefm-1175	332	14	-	-	SYM
arjefm-1175	332	15	13	13	NUM
arjefm-1175	332	16	.	.	PUNCT
arjefm-1175	333	1	nguyen	nguyen	NOUN
arjefm-1175	333	2	,	,	PUNCT
arjefm-1175	333	3	q.	q.	PROPN
arjefm-1175	333	4	(	(	PUNCT
arjefm-1175	333	5	2024	2024	NUM
arjefm-1175	333	6	)	)	PUNCT
arjefm-1175	333	7	.	.	PUNCT
arjefm-1175	334	1	influence	influence	NOUN
arjefm-1175	334	2	of	of	ADP
arjefm-1175	334	3	key	key	ADJ
arjefm-1175	334	4	economic	economic	ADJ
arjefm-1175	334	5	globalization	globalization	NOUN
arjefm-1175	334	6	factors	factor	NOUN
arjefm-1175	334	7	on	on	ADP
arjefm-1175	334	8	economic	economic	ADJ
arjefm-1175	334	9	growth	growth	NOUN
arjefm-1175	334	10	and	and	CCONJ
arjefm-1175	334	11	environmental	environmental	ADJ
arjefm-1175	334	12	quality	quality	NOUN
arjefm-1175	334	13	:	:	PUNCT
arjefm-1175	334	14	an	an	DET
arjefm-1175	334	15	empirical	empirical	ADJ
arjefm-1175	334	16	study	study	NOUN
arjefm-1175	334	17	in	in	ADP
arjefm-1175	334	18	southeast	southeast	ADJ
arjefm-1175	334	19	asian	asian	ADJ
arjefm-1175	334	20	countries	country	NOUN
arjefm-1175	334	21	.	.	PUNCT
arjefm-1175	335	1	journal	journal	PROPN
arjefm-1175	335	2	of	of	ADP
arjefm-1175	335	3	international	international	PROPN
arjefm-1175	335	4	trade	trade	PROPN
arjefm-1175	335	5	&	&	CCONJ
arjefm-1175	335	6	economic	economic	ADJ
arjefm-1175	335	7	development	development	PROPN
arjefm-1175	335	8	,	,	PUNCT
arjefm-1175	335	9	33(1	33(1	NUM
arjefm-1175	335	10	)	)	PUNCT
arjefm-1175	335	11	,	,	PUNCT
arjefm-1175	335	12	57	57	NUM
arjefm-1175	335	13	-	-	SYM
arjefm-1175	335	14	75	75	NUM
arjefm-1175	335	15	.	.	PUNCT
arjefm-1175	336	1	ntamwiza	ntamwiza	PROPN
arjefm-1175	336	2	,	,	PUNCT
arjefm-1175	336	3	j.	j.	PROPN
arjefm-1175	336	4	,	,	PUNCT
arjefm-1175	336	5	&	&	CCONJ
arjefm-1175	336	6	masengesho	masengesho	NOUN
arjefm-1175	336	7	,	,	PUNCT
arjefm-1175	336	8	f.	f.	PROPN
arjefm-1175	336	9	(	(	PUNCT
arjefm-1175	336	10	2022	2022	NUM
arjefm-1175	336	11	)	)	PUNCT
arjefm-1175	336	12	.	.	PUNCT
arjefm-1175	337	1	impact	impact	NOUN
arjefm-1175	337	2	of	of	ADP
arjefm-1175	337	3	gross	gross	ADJ
arjefm-1175	337	4	capital	capital	NOUN
arjefm-1175	337	5	formation	formation	NOUN
arjefm-1175	337	6	and	and	CCONJ
arjefm-1175	337	7	foreign	foreign	ADJ
arjefm-1175	337	8	direct	direct	ADJ
arjefm-1175	337	9	investment	investment	NOUN
arjefm-1175	337	10	on	on	ADP
arjefm-1175	337	11	economic	economic	ADJ
arjefm-1175	337	12	growth	growth	NOUN
arjefm-1175	337	13	in	in	ADP
arjefm-1175	337	14	rwanda	rwanda	PROPN
arjefm-1175	337	15	.	.	PUNCT
arjefm-1175	338	1	current	current	ADJ
arjefm-1175	338	2	urban	urban	ADJ
arjefm-1175	338	3	studies	study	NOUN
arjefm-1175	338	4	,	,	PUNCT
arjefm-1175	338	5	10(1	10(1	NUM
arjefm-1175	338	6	)	)	PUNCT
arjefm-1175	338	7	,	,	PUNCT
arjefm-1175	338	8	1	1	NUM
arjefm-1175	338	9	-	-	SYM
arjefm-1175	338	10	13	13	NUM
arjefm-1175	338	11	.	.	PUNCT
arjefm-1175	338	12	nwankwo	nwankwo	PROPN
arjefm-1175	338	13	,	,	PUNCT
arjefm-1175	338	14	o.	o.	PROPN
arjefm-1175	338	15	g.	g.	PROPN
arjefm-1175	338	16	,	,	PUNCT
arjefm-1175	338	17	ademola	ademola	PROPN
arjefm-1175	338	18	,	,	PUNCT
arjefm-1175	338	19	o.	o.	PROPN
arjefm-1175	338	20	,	,	PUNCT
arjefm-1175	338	21	&	&	CCONJ
arjefm-1175	338	22	kehinde	kehinde	PROPN
arjefm-1175	338	23	,	,	PUNCT
arjefm-1175	338	24	o.	o.	PROPN
arjefm-1175	338	25	(	(	PUNCT
arjefm-1175	338	26	2013	2013	NUM
arjefm-1175	338	27	)	)	PUNCT
arjefm-1175	338	28	.	.	PUNCT
arjefm-1175	339	1	effects	effect	NOUN
arjefm-1175	339	2	of	of	ADP
arjefm-1175	339	3	globalization	globalization	NOUN
arjefm-1175	339	4	on	on	ADP
arjefm-1175	339	5	foreign	foreign	ADJ
arjefm-1175	339	6	direct	direct	ADJ
arjefm-1175	339	7	investment	investment	NOUN
arjefm-1175	339	8	in	in	ADP
arjefm-1175	339	9	nigeria	nigeria	PROPN
arjefm-1175	339	10	.	.	PUNCT
arjefm-1175	340	1	lorem	lorem	PROPN
arjefm-1175	340	2	journal	journal	PROPN
arjefm-1175	340	3	of	of	ADP
arjefm-1175	340	4	business	business	NOUN
arjefm-1175	340	5	and	and	CCONJ
arjefm-1175	340	6	economics	economic	NOUN
arjefm-1175	340	7	,	,	PUNCT
arjefm-1175	340	8	1(1	1(1	NUM
arjefm-1175	340	9	)	)	PUNCT
arjefm-1175	340	10	,	,	PUNCT
arjefm-1175	340	11	11	11	NUM
arjefm-1175	340	12	-	-	SYM
arjefm-1175	340	13	17	17	NUM
arjefm-1175	340	14	.	.	PUNCT
arjefm-1175	341	1	odozi	odozi	NOUN
arjefm-1175	341	2	,	,	PUNCT
arjefm-1175	341	3	v.	v.	ADP
arjefm-1175	341	4	a.	a.	NOUN
arjefm-1175	341	5	(	(	PUNCT
arjefm-1175	341	6	2005	2005	NUM
arjefm-1175	341	7	)	)	PUNCT
arjefm-1175	341	8	.	.	PUNCT
arjefm-1175	342	1	an	an	DET
arjefm-1175	342	2	overview	overview	NOUN
arjefm-1175	342	3	of	of	ADP
arjefm-1175	342	4	foreign	foreign	ADJ
arjefm-1175	342	5	investment	investment	NOUN
arjefm-1175	342	6	in	in	ADP
arjefm-1175	342	7	nigeria	nigeria	PROPN
arjefm-1175	342	8	1960	1960	NUM
arjefm-1175	342	9	-	-	SYM
arjefm-1175	342	10	1995	1995	NUM
arjefm-1175	342	11	.	.	PUNCT
arjefm-1175	343	1	occasional	occasional	ADJ
arjefm-1175	343	2	paper	paper	NOUN
arjefm-1175	343	3	11	11	NUM
arjefm-1175	343	4	.	.	PUNCT
arjefm-1175	344	1	research	research	NOUN
arjefm-1175	344	2	department	department	PROPN
arjefm-1175	344	3	,	,	PUNCT
arjefm-1175	344	4	central	central	ADJ
arjefm-1175	344	5	bank	bank	PROPN
arjefm-1175	344	6	of	of	ADP
arjefm-1175	344	7	nigeria	nigeria	PROPN
arjefm-1175	344	8	.	.	PUNCT
arjefm-1175	345	1	ofori	ofori	PROPN
arjefm-1175	345	2	,	,	PUNCT
arjefm-1175	345	3	k.	k.	PROPN
arjefm-1175	345	4	,	,	PUNCT
arjefm-1175	345	5	&	&	CCONJ
arjefm-1175	345	6	asongu	asongu	PROPN
arjefm-1175	345	7	,	,	PUNCT
arjefm-1175	345	8	a.	a.	NOUN
arjefm-1175	345	9	(	(	PUNCT
arjefm-1175	345	10	2022	2022	NUM
arjefm-1175	345	11	)	)	PUNCT
arjefm-1175	345	12	.	.	PUNCT
arjefm-1175	346	1	repackaging	repackage	VERB
arjefm-1175	346	2	fdi	fdi	PROPN
arjefm-1175	346	3	for	for	ADP
arjefm-1175	346	4	inclusive	inclusive	ADJ
arjefm-1175	346	5	growth	growth	NOUN
arjefm-1175	346	6	:	:	PUNCT
arjefm-1175	346	7	nullifying	nullify	VERB
arjefm-1175	346	8	effects	effect	NOUN
arjefm-1175	346	9	and	and	CCONJ
arjefm-1175	346	10	policy	policy	NOUN
arjefm-1175	346	11	relevant	relevant	ADJ
arjefm-1175	346	12	thresholds	threshold	NOUN
arjefm-1175	346	13	of	of	ADP
arjefm-1175	346	14	governance	governance	NOUN
arjefm-1175	346	15	.	.	PUNCT
arjefm-1175	347	1	zbw	zbw	PROPN
arjefm-1175	347	2	–	–	PUNCT
arjefm-1175	347	3	leibniz	leibniz	PROPN
arjefm-1175	347	4	information	information	PROPN
arjefm-1175	347	5	centre	centre	NOUN
arjefm-1175	347	6	for	for	ADP
arjefm-1175	347	7	economics	economic	NOUN
arjefm-1175	347	8	.	.	PUNCT
arjefm-1175	348	1	http://hdl.handle.net/10419/248546	http://hdl.handle.net/10419/248546	PROPN
arjefm-1175	348	2	ojo	ojo	NOUN
arjefm-1175	348	3	,	,	PUNCT
arjefm-1175	348	4	a.	a.	NOUN
arjefm-1175	348	5	t.	t.	PROPN
arjefm-1175	348	6	,	,	PUNCT
arjefm-1175	348	7	&	&	CCONJ
arjefm-1175	348	8	alege	alege	PROPN
arjefm-1175	348	9	,	,	PUNCT
arjefm-1175	348	10	p.	p.	NOUN
arjefm-1175	348	11	o.	o.	NOUN
arjefm-1175	348	12	(	(	PUNCT
arjefm-1175	348	13	2014	2014	NUM
arjefm-1175	348	14	)	)	PUNCT
arjefm-1175	348	15	.	.	PUNCT
arjefm-1175	349	1	exchange	exchange	NOUN
arjefm-1175	349	2	rate	rate	NOUN
arjefm-1175	349	3	fluctuations	fluctuation	NOUN
arjefm-1175	349	4	and	and	CCONJ
arjefm-1175	349	5	macroeconomic	macroeconomic	ADJ
arjefm-1175	349	6	performance	performance	NOUN
arjefm-1175	349	7	in	in	ADP
arjefm-1175	349	8	subsaharan	subsaharan	PROPN
arjefm-1175	349	9	africa	africa	PROPN
arjefm-1175	349	10	:	:	PUNCT
arjefm-1175	349	11	a	a	DET
arjefm-1175	349	12	dynamic	dynamic	ADJ
arjefm-1175	349	13	panel	panel	NOUN
arjefm-1175	349	14	co	co	NOUN
arjefm-1175	349	15	-	-	NOUN
arjefm-1175	349	16	integration	integration	NOUN
arjefm-1175	349	17	analysis	analysis	NOUN
arjefm-1175	349	18	.	.	PUNCT
arjefm-1175	350	1	asian	asian	ADJ
arjefm-1175	350	2	economic	economic	ADJ
arjefm-1175	350	3	and	and	CCONJ
arjefm-1175	350	4	financial	financial	ADJ
arjefm-1175	350	5	review	review	NOUN
arjefm-1175	350	6	,	,	PUNCT
arjefm-1175	350	7	4(11	4(11	NUM
arjefm-1175	350	8	)	)	PUNCT
arjefm-1175	350	9	,	,	PUNCT
arjefm-1175	350	10	1573	1573	NUM
arjefm-1175	350	11	-	-	SYM
arjefm-1175	350	12	1591	1591	NUM
arjefm-1175	350	13	.	.	PUNCT
arjefm-1175	351	1	okello	okello	PROPN
arjefm-1175	351	2	,	,	PUNCT
arjefm-1175	351	3	a.	a.	PROPN
arjefm-1175	351	4	,	,	PUNCT
arjefm-1175	351	5	&	&	CCONJ
arjefm-1175	351	6	badj	badj	PROPN
arjefm-1175	351	7	,	,	PUNCT
arjefm-1175	351	8	k.	k.	PROPN
arjefm-1175	351	9	(	(	PUNCT
arjefm-1175	351	10	2023	2023	NUM
arjefm-1175	351	11	)	)	PUNCT
arjefm-1175	351	12	.	.	PUNCT
arjefm-1175	352	1	foreign	foreign	ADJ
arjefm-1175	352	2	direct	direct	ADJ
arjefm-1175	352	3	investment	investment	NOUN
arjefm-1175	352	4	and	and	CCONJ
arjefm-1175	352	5	economic	economic	ADJ
arjefm-1175	352	6	growth	growth	NOUN
arjefm-1175	352	7	in	in	ADP
arjefm-1175	352	8	kenya	kenya	PROPN
arjefm-1175	352	9	.	.	PUNCT
arjefm-1175	353	1	[	[	X
arjefm-1175	353	2	research	research	NOUN
arjefm-1175	353	3	project	project	NOUN
arjefm-1175	353	4	,	,	PUNCT
arjefm-1175	353	5	jonkoping	jonkope	VERB
arjefm-1175	353	6	university	university	NOUN
arjefm-1175	353	7	,	,	PUNCT
arjefm-1175	353	8	sweden	sweden	PROPN
arjefm-1175	353	9	]	]	PUNCT
arjefm-1175	353	10	.	.	PUNCT
arjefm-1175	354	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1175	354	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-1175	355	1	american	american	PROPN
arjefm-1175	355	2	research	research	PROPN
arjefm-1175	355	3	journal	journal	PROPN
arjefm-1175	355	4	of	of	ADP
arjefm-1175	355	5	economics	economic	NOUN
arjefm-1175	355	6	,	,	PUNCT
arjefm-1175	355	7	finance	finance	NOUN
arjefm-1175	355	8	and	and	CCONJ
arjefm-1175	355	9	management	management	NOUN
arjefm-1175	355	10	volume	volume	NOUN
arjefm-1175	355	11	13	13	NUM
arjefm-1175	355	12	issue	issue	NOUN
arjefm-1175	355	13	1	1	NUM
arjefm-1175	355	14	,	,	PUNCT
arjefm-1175	355	15	january	january	PROPN
arjefm-1175	355	16	-	-	PUNCT
arjefm-1175	355	17	march	march	PROPN
arjefm-1175	355	18	2025	2025	NUM
arjefm-1175	355	19	issn	issn	NOUN
arjefm-1175	355	20	:	:	PUNCT
arjefm-1175	355	21	2836	2836	NUM
arjefm-1175	355	22	-	-	SYM
arjefm-1175	355	23	9416	9416	NUM
arjefm-1175	355	24	impact	impact	NOUN
arjefm-1175	355	25	factor	factor	NOUN
arjefm-1175	355	26	:	:	PUNCT
arjefm-1175	355	27	6.41	6.41	NUM
arjefm-1175	355	28	journal	journal	NOUN
arjefm-1175	355	29	homepage	homepage	NOUN
arjefm-1175	355	30	:	:	PUNCT
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arjefm-1175	355	32	,	,	PUNCT
arjefm-1175	355	33	email	email	NOUN
arjefm-1175	355	34	:	:	PUNCT
arjefm-1175	356	1	contact@americaserial.com	contact@americaserial.com	PROPN
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arjefm-1175	356	13	,	,	PUNCT
arjefm-1175	356	14	finance	finance	NOUN
arjefm-1175	356	15	and	and	CCONJ
arjefm-1175	356	16	management	management	NOUN
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arjefm-1175	356	18	,	,	PUNCT
arjefm-1175	356	19	email	email	NOUN
arjefm-1175	356	20	:	:	PUNCT
arjefm-1175	356	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-1175	357	1	190	190	NUM
arjefm-1175	358	1	|	|	ADV
arjefm-1175	358	2	p	p	X
arjefm-1175	358	3	a	a	DET
arjefm-1175	358	4	g	g	NOUN
arjefm-1175	358	5	e	e	NOUN
arjefm-1175	358	6	okolie	okolie	NOUN
arjefm-1175	358	7	,	,	PUNCT
arjefm-1175	359	1	p.	p.	NOUN
arjefm-1175	359	2	i.	i.	PROPN
arjefm-1175	359	3	p.	p.	PROPN
arjefm-1175	359	4	,	,	PUNCT
arjefm-1175	359	5	anidiobu	anidiobu	PROPN
arjefm-1175	359	6	,	,	PUNCT
arjefm-1175	359	7	g.	g.	PROPN
arjefm-1175	359	8	a.	a.	PROPN
arjefm-1175	359	9	,	,	PUNCT
arjefm-1175	359	10	&	&	CCONJ
arjefm-1175	359	11	ugwuanyi	ugwuanyi	PROPN
arjefm-1175	359	12	,	,	PUNCT
arjefm-1175	359	13	w.	w.	PROPN
arjefm-1175	359	14	n.	n.	PROPN
arjefm-1175	359	15	(	(	PUNCT
arjefm-1175	359	16	2019	2019	NUM
arjefm-1175	359	17	)	)	PUNCT
arjefm-1175	359	18	.	.	PUNCT
arjefm-1175	360	1	empirical	empirical	ADJ
arjefm-1175	360	2	investigation	investigation	NOUN
arjefm-1175	360	3	of	of	ADP
arjefm-1175	360	4	foreign	foreign	ADJ
arjefm-1175	360	5	direct	direct	ADJ
arjefm-1175	360	6	investment	investment	NOUN
arjefm-1175	360	7	flows	flow	VERB
arjefm-1175	360	8	on	on	ADP
arjefm-1175	360	9	the	the	DET
arjefm-1175	360	10	economy	economy	NOUN
arjefm-1175	360	11	of	of	ADP
arjefm-1175	360	12	nigeria	nigeria	PROPN
arjefm-1175	360	13	.	.	PUNCT
arjefm-1175	361	1	european	european	PROPN
arjefm-1175	361	2	journal	journal	PROPN
arjefm-1175	361	3	of	of	ADP
arjefm-1175	361	4	accounting	accounting	NOUN
arjefm-1175	361	5	,	,	PUNCT
arjefm-1175	361	6	finance	finance	NOUN
arjefm-1175	361	7	and	and	CCONJ
arjefm-1175	361	8	investment	investment	NOUN
arjefm-1175	361	9	,	,	PUNCT
arjefm-1175	361	10	5(6	5(6	NUM
arjefm-1175	361	11	)	)	PUNCT
arjefm-1175	361	12	,	,	PUNCT
arjefm-1175	361	13	33	33	NUM
arjefm-1175	361	14	-	-	SYM
arjefm-1175	361	15	46	46	NUM
arjefm-1175	361	16	.	.	PUNCT
arjefm-1175	362	1	pesaran	pesaran	VERB
arjefm-1175	362	2	,	,	PUNCT
arjefm-1175	362	3	m.	m.	NOUN
arjefm-1175	362	4	,	,	PUNCT
arjefm-1175	362	5	shin	shin	NOUN
arjefm-1175	362	6	,	,	PUNCT
arjefm-1175	362	7	y.	y.	PROPN
arjefm-1175	362	8	,	,	PUNCT
arjefm-1175	362	9	&	&	CCONJ
arjefm-1175	362	10	smith	smith	PROPN
arjefm-1175	362	11	,	,	PUNCT
arjefm-1175	362	12	r.	r.	PROPN
arjefm-1175	362	13	(	(	PUNCT
arjefm-1175	362	14	2001	2001	NUM
arjefm-1175	362	15	)	)	PUNCT
arjefm-1175	362	16	.	.	PUNCT
arjefm-1175	363	1	bounds	bound	VERB
arjefm-1175	363	2	testing	test	VERB
arjefm-1175	363	3	approaches	approach	NOUN
arjefm-1175	363	4	to	to	ADP
arjefm-1175	363	5	the	the	DET
arjefm-1175	363	6	analysis	analysis	NOUN
arjefm-1175	363	7	of	of	ADP
arjefm-1175	363	8	level	level	NOUN
arjefm-1175	363	9	relationships	relationship	NOUN
arjefm-1175	363	10	.	.	PUNCT
arjefm-1175	364	1	journal	journal	NOUN
arjefm-1175	364	2	of	of	ADP
arjefm-1175	364	3	applied	applied	ADJ
arjefm-1175	364	4	econometrics	econometric	NOUN
arjefm-1175	364	5	,	,	PUNCT
arjefm-1175	364	6	16(3	16(3	NOUN
arjefm-1175	364	7	)	)	PUNCT
arjefm-1175	364	8	,	,	PUNCT
arjefm-1175	364	9	289	289	NUM
arjefm-1175	364	10	-	-	SYM
arjefm-1175	364	11	326	326	NUM
arjefm-1175	364	12	.	.	PUNCT
arjefm-1175	365	1	sarker	sarker	PROPN
arjefm-1175	365	2	,	,	PUNCT
arjefm-1175	365	3	b.	b.	PROPN
arjefm-1175	365	4	,	,	PUNCT
arjefm-1175	365	5	&	&	CCONJ
arjefm-1175	365	6	khan	khan	PROPN
arjefm-1175	365	7	,	,	PUNCT
arjefm-1175	365	8	f.	f.	PROPN
arjefm-1175	365	9	(	(	PUNCT
arjefm-1175	365	10	2020	2020	NUM
arjefm-1175	365	11	)	)	PUNCT
arjefm-1175	365	12	.	.	PUNCT
arjefm-1175	366	1	nexus	nexus	NOUN
arjefm-1175	366	2	between	between	ADP
arjefm-1175	366	3	foreign	foreign	ADJ
arjefm-1175	366	4	direct	direct	ADJ
arjefm-1175	366	5	investment	investment	NOUN
arjefm-1175	366	6	and	and	CCONJ
arjefm-1175	366	7	economic	economic	ADJ
arjefm-1175	366	8	growth	growth	NOUN
arjefm-1175	366	9	in	in	ADP
arjefm-1175	366	10	bangladesh	bangladesh	NOUN
arjefm-1175	366	11	:	:	PUNCT
arjefm-1175	366	12	an	an	DET
arjefm-1175	366	13	augmented	augment	VERB
arjefm-1175	366	14	autoregressive	autoregressive	ADJ
arjefm-1175	366	15	distributed	distribute	VERB
arjefm-1175	366	16	lag	lag	NOUN
arjefm-1175	366	17	bounds	bound	NOUN
arjefm-1175	366	18	testing	testing	NOUN
arjefm-1175	366	19	approach	approach	NOUN
arjefm-1175	366	20	.	.	PUNCT
arjefm-1175	367	1	financial	financial	ADJ
arjefm-1175	367	2	innovation	innovation	NOUN
arjefm-1175	367	3	,	,	PUNCT
arjefm-1175	367	4	6(10	6(10	NUM
arjefm-1175	367	5	)	)	PUNCT
arjefm-1175	367	6	,	,	PUNCT
arjefm-1175	367	7	2	2	NUM
arjefm-1175	367	8	-	-	SYM
arjefm-1175	367	9	18	18	NUM
arjefm-1175	367	10	.	.	PUNCT
arjefm-1175	368	1	taylor	taylor	PROPN
arjefm-1175	368	2	,	,	PUNCT
arjefm-1175	368	3	m.	m.	NOUN
arjefm-1175	368	4	,	,	PUNCT
arjefm-1175	368	5	&	&	CCONJ
arjefm-1175	368	6	thrift	thrift	PROPN
arjefm-1175	368	7	,	,	PUNCT
arjefm-1175	368	8	n.	n.	PROPN
arjefm-1175	368	9	(	(	PUNCT
arjefm-1175	368	10	2013	2013	NUM
arjefm-1175	368	11	)	)	PUNCT
arjefm-1175	368	12	.	.	PUNCT
arjefm-1175	369	1	the	the	DET
arjefm-1175	369	2	geography	geography	NOUN
arjefm-1175	369	3	of	of	ADP
arjefm-1175	369	4	multinationals	multinational	NOUN
arjefm-1175	369	5	:	:	PUNCT
arjefm-1175	369	6	studies	study	NOUN
arjefm-1175	369	7	in	in	ADP
arjefm-1175	369	8	the	the	DET
arjefm-1175	369	9	spatial	spatial	ADJ
arjefm-1175	369	10	development	development	NOUN
arjefm-1175	369	11	and	and	CCONJ
arjefm-1175	369	12	economic	economic	ADJ
arjefm-1175	369	13	consequences	consequence	NOUN
arjefm-1175	369	14	of	of	ADP
arjefm-1175	369	15	multinational	multinational	ADJ
arjefm-1175	369	16	corporations	corporation	NOUN
arjefm-1175	369	17	.	.	PUNCT
arjefm-1175	370	1	routledge	routledge	PROPN
arjefm-1175	370	2	.	.	PUNCT
arjefm-1175	370	3	trang	trang	PROPN
arjefm-1175	370	4	,	,	PUNCT
arjefm-1175	370	5	d.	d.	PROPN
arjefm-1175	370	6	t.	t.	PROPN
arjefm-1175	370	7	h.	h.	PROPN
arjefm-1175	370	8	,	,	PUNCT
arjefm-1175	370	9	duc	duc	PROPN
arjefm-1175	370	10	,	,	PUNCT
arjefm-1175	370	11	v.	v.	PROPN
arjefm-1175	370	12	h.	h.	PROPN
arjefm-1175	370	13	,	,	PUNCT
arjefm-1175	370	14	anh	anh	PROPN
arjefm-1175	370	15	,	,	PUNCT
arjefm-1175	370	16	v.	v.	PROPN
arjefm-1175	370	17	t.	t.	PROPN
arjefm-1175	370	18	,	,	PUNCT
arjefm-1175	370	19	&	&	CCONJ
arjefm-1175	370	20	thang	thang	PROPN
arjefm-1175	370	21	,	,	PUNCT
arjefm-1175	370	22	n.	n.	PROPN
arjefm-1175	370	23	c.	c.	PROPN
arjefm-1175	370	24	(	(	PUNCT
arjefm-1175	370	25	2019	2019	NUM
arjefm-1175	370	26	)	)	PUNCT
arjefm-1175	370	27	.	.	PUNCT
arjefm-1175	371	1	foreign	foreign	ADJ
arjefm-1175	371	2	direct	direct	ADJ
arjefm-1175	371	3	investment	investment	NOUN
arjefm-1175	371	4	and	and	CCONJ
arjefm-1175	371	5	economic	economic	ADJ
arjefm-1175	371	6	growth	growth	NOUN
arjefm-1175	371	7	in	in	ADP
arjefm-1175	371	8	the	the	DET
arjefm-1175	371	9	short	short	ADJ
arjefm-1175	371	10	run	run	NOUN
arjefm-1175	371	11	and	and	CCONJ
arjefm-1175	371	12	long	long	ADJ
arjefm-1175	371	13	run	run	NOUN
arjefm-1175	371	14	:	:	PUNCT
arjefm-1175	371	15	empirical	empirical	ADJ
arjefm-1175	371	16	evidence	evidence	NOUN
arjefm-1175	371	17	from	from	ADP
arjefm-1175	371	18	developing	develop	VERB
arjefm-1175	371	19	countries	country	NOUN
arjefm-1175	371	20	.	.	PUNCT
arjefm-1175	372	1	journal	journal	NOUN
arjefm-1175	372	2	of	of	ADP
arjefm-1175	372	3	risk	risk	NOUN
arjefm-1175	372	4	and	and	CCONJ
arjefm-1175	372	5	financial	financial	ADJ
arjefm-1175	372	6	management	management	NOUN
arjefm-1175	372	7	,	,	PUNCT
arjefm-1175	372	8	12(176	12(176	NOUN
arjefm-1175	372	9	)	)	PUNCT
arjefm-1175	372	10	,	,	PUNCT
arjefm-1175	372	11	1	1	NUM
arjefm-1175	372	12	-	-	SYM
arjefm-1175	372	13	11	11	NUM
arjefm-1175	372	14	.	.	PUNCT
arjefm-1175	373	1	trinh	trinh	PROPN
arjefm-1175	373	2	,	,	PUNCT
arjefm-1175	373	3	n.	n.	PROPN
arjefm-1175	373	4	h.	h.	PROPN
arjefm-1175	373	5	,	,	PUNCT
arjefm-1175	373	6	&	&	CCONJ
arjefm-1175	373	7	nguyen	nguyen	PROPN
arjefm-1175	373	8	,	,	PUNCT
arjefm-1175	373	9	q.	q.	PROPN
arjefm-1175	373	10	a.	a.	NOUN
arjefm-1175	373	11	m.	m.	NOUN
arjefm-1175	373	12	(	(	PUNCT
arjefm-1175	373	13	2015	2015	NUM
arjefm-1175	373	14	)	)	PUNCT
arjefm-1175	373	15	.	.	PUNCT
arjefm-1175	374	1	impact	impact	NOUN
arjefm-1175	374	2	of	of	ADP
arjefm-1175	374	3	foreign	foreign	ADJ
arjefm-1175	374	4	direct	direct	ADJ
arjefm-1175	374	5	investment	investment	NOUN
arjefm-1175	374	6	on	on	ADP
arjefm-1175	374	7	economic	economic	ADJ
arjefm-1175	374	8	growth	growth	NOUN
arjefm-1175	374	9	:	:	PUNCT
arjefm-1175	374	10	evidence	evidence	NOUN
arjefm-1175	374	11	from	from	ADP
arjefm-1175	374	12	vietnam	vietnam	PROPN
arjefm-1175	374	13	.	.	PUNCT
arjefm-1175	375	1	developing	develop	VERB
arjefm-1175	375	2	country	country	NOUN
arjefm-1175	375	3	studies	study	NOUN
arjefm-1175	375	4	,	,	PUNCT
arjefm-1175	375	5	5(20	5(20	NUM
arjefm-1175	375	6	)	)	PUNCT
arjefm-1175	375	7	,	,	PUNCT
arjefm-1175	375	8	1	1	NUM
arjefm-1175	375	9	-	-	SYM
arjefm-1175	375	10	9	9	NUM
arjefm-1175	375	11	.	.	PUNCT
arjefm-1175	375	12	united	united	PROPN
arjefm-1175	375	13	nations	nations	PROPN
arjefm-1175	375	14	conference	conference	PROPN
arjefm-1175	375	15	on	on	ADP
arjefm-1175	375	16	trade	trade	NOUN
arjefm-1175	375	17	and	and	CCONJ
arjefm-1175	375	18	development	development	NOUN
arjefm-1175	375	19	(	(	PUNCT
arjefm-1175	375	20	unctad	unctad	PROPN
arjefm-1175	375	21	)	)	PUNCT
arjefm-1175	375	22	.	.	PUNCT
arjefm-1175	376	1	(	(	PUNCT
arjefm-1175	376	2	2019	2019	NUM
arjefm-1175	376	3	)	)	PUNCT
arjefm-1175	376	4	.	.	PUNCT
arjefm-1175	377	1	world	world	NOUN
arjefm-1175	377	2	investment	investment	NOUN
arjefm-1175	377	3	report	report	NOUN
arjefm-1175	377	4	,	,	PUNCT
arjefm-1175	377	5	2019	2019	NUM
arjefm-1175	377	6	.	.	PUNCT
arjefm-1175	378	1	united	united	PROPN
arjefm-1175	378	2	nations	nations	PROPN
arjefm-1175	378	3	publications	publication	NOUN
arjefm-1175	378	4	.	.	PUNCT
arjefm-1175	378	5	wiredu	wiredu	PROPN
arjefm-1175	378	6	,	,	PUNCT
arjefm-1175	378	7	j.	j.	PROPN
arjefm-1175	378	8	,	,	PUNCT
arjefm-1175	378	9	nketiah	nketiah	PROPN
arjefm-1175	378	10	,	,	PUNCT
arjefm-1175	378	11	e.	e.	PROPN
arjefm-1175	378	12	,	,	PUNCT
arjefm-1175	378	13	&	&	CCONJ
arjefm-1175	378	14	adjei	adjei	PROPN
arjefm-1175	378	15	,	,	PUNCT
arjefm-1175	378	16	m.	m.	NOUN
arjefm-1175	378	17	(	(	PUNCT
arjefm-1175	378	18	2020	2020	NUM
arjefm-1175	378	19	)	)	PUNCT
arjefm-1175	378	20	.	.	PUNCT
arjefm-1175	379	1	relationship	relationship	NOUN
arjefm-1175	379	2	between	between	ADP
arjefm-1175	379	3	trade	trade	NOUN
arjefm-1175	379	4	openness	openness	NOUN
arjefm-1175	379	5	,	,	PUNCT
arjefm-1175	379	6	foreign	foreign	ADJ
arjefm-1175	379	7	direct	direct	ADJ
arjefm-1175	379	8	investment	investment	NOUN
arjefm-1175	379	9	,	,	PUNCT
arjefm-1175	379	10	and	and	CCONJ
arjefm-1175	379	11	economic	economic	ADJ
arjefm-1175	379	12	growth	growth	NOUN
arjefm-1175	379	13	in	in	ADP
arjefm-1175	379	14	west	west	PROPN
arjefm-1175	379	15	africa	africa	PROPN
arjefm-1175	379	16	:	:	PUNCT
arjefm-1175	379	17	static	static	ADJ
arjefm-1175	379	18	panel	panel	NOUN
arjefm-1175	379	19	data	datum	NOUN
arjefm-1175	379	20	model	model	PROPN
arjefm-1175	379	21	.	.	PUNCT
arjefm-1175	380	1	journal	journal	PROPN
arjefm-1175	380	2	of	of	ADP
arjefm-1175	380	3	human	human	ADJ
arjefm-1175	380	4	resource	resource	NOUN
arjefm-1175	380	5	and	and	CCONJ
arjefm-1175	380	6	sustainability	sustainability	NOUN
arjefm-1175	380	7	studies	study	NOUN
arjefm-1175	380	8	,	,	PUNCT
arjefm-1175	380	9	8(1	8(1	NOUN
arjefm-1175	380	10	)	)	PUNCT
arjefm-1175	380	11	,	,	PUNCT
arjefm-1175	380	12	18	18	NUM
arjefm-1175	380	13	-	-	SYM
arjefm-1175	380	14	34	34	NUM
arjefm-1175	380	15	.	.	PUNCT
arjefm-1175	381	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-1175	381	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X