id	sid	tid	token	lemma	pos
arjefm-79	1	1	american	american	PROPN
arjefm-79	1	2	research	research	PROPN
arjefm-79	1	3	journal	journal	PROPN
arjefm-79	1	4	of	of	ADP
arjefm-79	1	5	economics	economic	NOUN
arjefm-79	1	6	,	,	PUNCT
arjefm-79	1	7	finance	finance	NOUN
arjefm-79	1	8	and	and	CCONJ
arjefm-79	1	9	management	management	NOUN
arjefm-79	1	10	volume	volume	NOUN
arjefm-79	1	11	11	11	NUM
arjefm-79	1	12	issue	issue	NOUN
arjefm-79	1	13	1	1	NUM
arjefm-79	1	14	,	,	PUNCT
arjefm-79	1	15	january	january	PROPN
arjefm-79	1	16	-	-	PUNCT
arjefm-79	1	17	march	march	PROPN
arjefm-79	1	18	2023	2023	NUM
arjefm-79	1	19	issn	issn	NOUN
arjefm-79	1	20	:	:	PUNCT
arjefm-79	1	21	2836	2836	NUM
arjefm-79	1	22	-	-	SYM
arjefm-79	1	23	9416	9416	NUM
arjefm-79	1	24	impact	impact	NOUN
arjefm-79	1	25	factor	factor	NOUN
arjefm-79	1	26	:	:	PUNCT
arjefm-79	1	27	5.57	5.57	NUM
arjefm-79	1	28	journal	journal	NOUN
arjefm-79	1	29	homepage	homepage	NOUN
arjefm-79	1	30	:	:	PUNCT
arjefm-79	1	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	1	32	,	,	PUNCT
arjefm-79	1	33	email	email	NOUN
arjefm-79	1	34	:	:	PUNCT
arjefm-79	1	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	1	36	official	official	ADJ
arjefm-79	1	37	journal	journal	PROPN
arjefm-79	1	38	of	of	ADP
arjefm-79	1	39	america	america	PROPN
arjefm-79	1	40	serial	serial	PROPN
arjefm-79	1	41	publication	publication	NOUN
arjefm-79	1	42	american	american	PROPN
arjefm-79	1	43	research	research	PROPN
arjefm-79	1	44	journal	journal	PROPN
arjefm-79	1	45	of	of	ADP
arjefm-79	1	46	economics	economic	NOUN
arjefm-79	1	47	,	,	PUNCT
arjefm-79	1	48	finance	finance	NOUN
arjefm-79	1	49	and	and	CCONJ
arjefm-79	1	50	management	management	NOUN
arjefm-79	1	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	1	52	,	,	PUNCT
arjefm-79	1	53	email	email	NOUN
arjefm-79	1	54	:	:	PUNCT
arjefm-79	1	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	2	1	61	61	NUM
arjefm-79	3	1	|	|	ADV
arjefm-79	3	2	p	p	NOUN
arjefm-79	3	3	a	a	DET
arjefm-79	3	4	g	g	NOUN
arjefm-79	3	5	e	e	X
arjefm-79	3	6	fiscal	fiscal	ADJ
arjefm-79	3	7	sustainability	sustainability	NOUN
arjefm-79	3	8	and	and	CCONJ
arjefm-79	3	9	macroeconomic	macroeconomic	ADJ
arjefm-79	3	10	stability	stability	NOUN
arjefm-79	3	11	in	in	ADP
arjefm-79	3	12	turkey	turkey	PROPN
arjefm-79	3	13	:	:	PUNCT
arjefm-79	3	14	an	an	DET
arjefm-79	3	15	empirical	empirical	ADJ
arjefm-79	3	16	study	study	NOUN
arjefm-79	3	17	dr	dr	PROPN
arjefm-79	3	18	.	.	PROPN
arjefm-79	3	19	erkin	erkin	PROPN
arjefm-79	3	20	gültekin	gültekin	PROPN
arjefm-79	3	21	ph.d	ph.d	PROPN
arjefm-79	3	22	.	.	PROPN
arjefm-79	3	23	,	,	PUNCT
arjefm-79	3	24	t.c	t.c	PROPN
arjefm-79	3	25	.	.	PROPN
arjefm-79	3	26	ziraat	ziraat	PROPN
arjefm-79	3	27	bank	bank	PROPN
arjefm-79	4	1	a.s	a.s	PROPN
arjefm-79	4	2	.	.	PROPN
arjefm-79	4	3	,	,	PUNCT
arjefm-79	4	4	eskisehir	eskisehir	ADJ
arjefm-79	4	5	,	,	PUNCT
arjefm-79	4	6	turkey	turkey	PROPN
arjefm-79	4	7	abstract	abstract	NOUN
arjefm-79	4	8	:	:	PUNCT
arjefm-79	4	9	in	in	ADP
arjefm-79	4	10	today	today	NOUN
arjefm-79	4	11	's	's	PART
arjefm-79	4	12	globalized	globalize	VERB
arjefm-79	4	13	and	and	CCONJ
arjefm-79	4	14	technologically	technologically	ADV
arjefm-79	4	15	advanced	advanced	ADJ
arjefm-79	4	16	world	world	NOUN
arjefm-79	4	17	,	,	PUNCT
arjefm-79	4	18	economies	economy	NOUN
arjefm-79	4	19	around	around	ADP
arjefm-79	4	20	the	the	DET
arjefm-79	4	21	globe	globe	NOUN
arjefm-79	4	22	are	be	AUX
arjefm-79	4	23	deeply	deeply	ADV
arjefm-79	4	24	interconnected	interconnected	ADJ
arjefm-79	4	25	,	,	PUNCT
arjefm-79	4	26	leading	lead	VERB
arjefm-79	4	27	to	to	ADP
arjefm-79	4	28	varying	vary	VERB
arjefm-79	4	29	economic	economic	ADJ
arjefm-79	4	30	balances	balance	NOUN
arjefm-79	4	31	in	in	ADP
arjefm-79	4	32	both	both	CCONJ
arjefm-79	4	33	developed	developed	ADJ
arjefm-79	4	34	and	and	CCONJ
arjefm-79	4	35	emerging	emerge	VERB
arjefm-79	4	36	nations	nation	NOUN
arjefm-79	4	37	.	.	PUNCT
arjefm-79	5	1	maintaining	maintain	VERB
arjefm-79	5	2	macroeconomic	macroeconomic	ADJ
arjefm-79	5	3	stability	stability	NOUN
arjefm-79	5	4	in	in	ADP
arjefm-79	5	5	these	these	DET
arjefm-79	5	6	countries	country	NOUN
arjefm-79	5	7	is	be	AUX
arjefm-79	5	8	crucial	crucial	ADJ
arjefm-79	5	9	,	,	PUNCT
arjefm-79	5	10	and	and	CCONJ
arjefm-79	5	11	this	this	PRON
arjefm-79	5	12	brings	bring	VERB
arjefm-79	5	13	us	we	PRON
arjefm-79	5	14	to	to	ADP
arjefm-79	5	15	the	the	DET
arjefm-79	5	16	concept	concept	NOUN
arjefm-79	5	17	of	of	ADP
arjefm-79	5	18	sustainability	sustainability	NOUN
arjefm-79	5	19	.	.	PUNCT
arjefm-79	6	1	sustainability	sustainability	NOUN
arjefm-79	6	2	,	,	PUNCT
arjefm-79	6	3	while	while	SCONJ
arjefm-79	6	4	lacking	lack	VERB
arjefm-79	6	5	a	a	DET
arjefm-79	6	6	precise	precise	ADJ
arjefm-79	6	7	definition	definition	NOUN
arjefm-79	6	8	in	in	ADP
arjefm-79	6	9	economics	economic	NOUN
arjefm-79	6	10	literature	literature	NOUN
arjefm-79	6	11	,	,	PUNCT
arjefm-79	6	12	generally	generally	ADV
arjefm-79	6	13	encompasses	encompass	VERB
arjefm-79	6	14	the	the	DET
arjefm-79	6	15	idea	idea	NOUN
arjefm-79	6	16	of	of	ADP
arjefm-79	6	17	ensuring	ensure	VERB
arjefm-79	6	18	the	the	DET
arjefm-79	6	19	continuity	continuity	NOUN
arjefm-79	6	20	and	and	CCONJ
arjefm-79	6	21	self	self	NOUN
arjefm-79	6	22	-	-	PUNCT
arjefm-79	6	23	sufficiency	sufficiency	NOUN
arjefm-79	6	24	of	of	ADP
arjefm-79	6	25	an	an	DET
arjefm-79	6	26	economy	economy	NOUN
arjefm-79	6	27	.	.	PUNCT
arjefm-79	7	1	it	it	PRON
arjefm-79	7	2	goes	go	VERB
arjefm-79	7	3	beyond	beyond	ADP
arjefm-79	7	4	the	the	DET
arjefm-79	7	5	stability	stability	NOUN
arjefm-79	7	6	of	of	ADP
arjefm-79	7	7	individual	individual	ADJ
arjefm-79	7	8	macroeconomic	macroeconomic	ADJ
arjefm-79	7	9	indicators	indicator	NOUN
arjefm-79	7	10	,	,	PUNCT
arjefm-79	7	11	emphasizing	emphasize	VERB
arjefm-79	7	12	the	the	DET
arjefm-79	7	13	harmony	harmony	NOUN
arjefm-79	7	14	and	and	CCONJ
arjefm-79	7	15	coherence	coherence	NOUN
arjefm-79	7	16	between	between	ADP
arjefm-79	7	17	these	these	DET
arjefm-79	7	18	indicators	indicator	NOUN
arjefm-79	7	19	.	.	PUNCT
arjefm-79	8	1	among	among	ADP
arjefm-79	8	2	the	the	DET
arjefm-79	8	3	first	first	ADJ
arjefm-79	8	4	concepts	concept	NOUN
arjefm-79	8	5	related	relate	VERB
arjefm-79	8	6	to	to	ADP
arjefm-79	8	7	economic	economic	ADJ
arjefm-79	8	8	sustainability	sustainability	NOUN
arjefm-79	8	9	is	be	AUX
arjefm-79	8	10	fiscal	fiscal	ADJ
arjefm-79	8	11	sustainability	sustainability	NOUN
arjefm-79	8	12	.	.	PUNCT
arjefm-79	9	1	fiscal	fiscal	ADJ
arjefm-79	9	2	sustainability	sustainability	NOUN
arjefm-79	9	3	,	,	PUNCT
arjefm-79	9	4	a	a	DET
arjefm-79	9	5	frequently	frequently	ADV
arjefm-79	9	6	used	use	VERB
arjefm-79	9	7	term	term	NOUN
arjefm-79	9	8	in	in	ADP
arjefm-79	9	9	economics	economic	NOUN
arjefm-79	9	10	,	,	PUNCT
arjefm-79	9	11	gained	gain	VERB
arjefm-79	9	12	particular	particular	ADJ
arjefm-79	9	13	importance	importance	NOUN
arjefm-79	9	14	in	in	ADP
arjefm-79	9	15	economic	economic	ADJ
arjefm-79	9	16	policy	policy	NOUN
arjefm-79	9	17	planning	planning	NOUN
arjefm-79	9	18	during	during	ADP
arjefm-79	9	19	the	the	DET
arjefm-79	9	20	1990s	1990s	NUM
arjefm-79	9	21	.	.	PUNCT
arjefm-79	10	1	although	although	SCONJ
arjefm-79	10	2	its	its	PRON
arjefm-79	10	3	definition	definition	NOUN
arjefm-79	10	4	lacks	lack	VERB
arjefm-79	10	5	clarity	clarity	NOUN
arjefm-79	10	6	,	,	PUNCT
arjefm-79	10	7	various	various	ADJ
arjefm-79	10	8	perspectives	perspective	NOUN
arjefm-79	10	9	exist	exist	VERB
arjefm-79	10	10	.	.	PUNCT
arjefm-79	11	1	buiter	buiter	NOUN
arjefm-79	11	2	(	(	PUNCT
arjefm-79	11	3	1983	1983	NUM
arjefm-79	11	4	)	)	PUNCT
arjefm-79	11	5	views	view	VERB
arjefm-79	11	6	fiscal	fiscal	ADJ
arjefm-79	11	7	sustainability	sustainability	NOUN
arjefm-79	11	8	as	as	ADP
arjefm-79	11	9	the	the	DET
arjefm-79	11	10	implementation	implementation	NOUN
arjefm-79	11	11	of	of	ADP
arjefm-79	11	12	policies	policy	NOUN
arjefm-79	11	13	that	that	PRON
arjefm-79	11	14	stabilize	stabilize	VERB
arjefm-79	11	15	the	the	DET
arjefm-79	11	16	net	net	ADJ
arjefm-79	11	17	value	value	NOUN
arjefm-79	11	18	of	of	ADP
arjefm-79	11	19	the	the	DET
arjefm-79	11	20	budget	budget	NOUN
arjefm-79	11	21	deficit	deficit	NOUN
arjefm-79	11	22	relative	relative	ADJ
arjefm-79	11	23	to	to	ADP
arjefm-79	11	24	gdp	gdp	NOUN
arjefm-79	11	25	.	.	PUNCT
arjefm-79	12	1	in	in	ADP
arjefm-79	12	2	contrast	contrast	NOUN
arjefm-79	12	3	,	,	PUNCT
arjefm-79	12	4	blanchard	blanchard	PROPN
arjefm-79	12	5	et	et	PROPN
arjefm-79	12	6	al	al	PROPN
arjefm-79	12	7	.	.	PROPN
arjefm-79	13	1	(	(	PUNCT
arjefm-79	13	2	1991	1991	NUM
arjefm-79	13	3	)	)	PUNCT
arjefm-79	13	4	define	define	VERB
arjefm-79	13	5	it	it	PRON
arjefm-79	13	6	as	as	ADP
arjefm-79	13	7	achieving	achieve	VERB
arjefm-79	13	8	convergence	convergence	NOUN
arjefm-79	13	9	of	of	ADP
arjefm-79	13	10	the	the	DET
arjefm-79	13	11	public	public	ADJ
arjefm-79	13	12	debt	debt	NOUN
arjefm-79	13	13	/	/	SYM
arjefm-79	13	14	gnp	gnp	PROPN
arjefm-79	13	15	ratio	ratio	NOUN
arjefm-79	13	16	to	to	ADP
arjefm-79	13	17	its	its	PRON
arjefm-79	13	18	initial	initial	ADJ
arjefm-79	13	19	level	level	NOUN
arjefm-79	13	20	while	while	SCONJ
arjefm-79	13	21	ensuring	ensure	VERB
arjefm-79	13	22	the	the	DET
arjefm-79	13	23	ability	ability	NOUN
arjefm-79	13	24	to	to	PART
arjefm-79	13	25	service	service	VERB
arjefm-79	13	26	debt	debt	NOUN
arjefm-79	13	27	with	with	ADP
arjefm-79	13	28	public	public	ADJ
arjefm-79	13	29	revenue	revenue	NOUN
arjefm-79	13	30	.	.	PUNCT
arjefm-79	14	1	edwards	edwards	PROPN
arjefm-79	14	2	and	and	CCONJ
arjefm-79	14	3	vergara	vergara	PROPN
arjefm-79	14	4	(	(	PUNCT
arjefm-79	14	5	2002	2002	NUM
arjefm-79	14	6	)	)	PUNCT
arjefm-79	14	7	suggest	suggest	VERB
arjefm-79	14	8	that	that	SCONJ
arjefm-79	14	9	fiscal	fiscal	ADJ
arjefm-79	14	10	sustainability	sustainability	NOUN
arjefm-79	14	11	exists	exist	VERB
arjefm-79	14	12	when	when	SCONJ
arjefm-79	14	13	the	the	DET
arjefm-79	14	14	public	public	ADJ
arjefm-79	14	15	debt	debt	NOUN
arjefm-79	14	16	/	/	SYM
arjefm-79	14	17	gdp	gdp	NOUN
arjefm-79	14	18	ratio	ratio	NOUN
arjefm-79	14	19	remains	remain	VERB
arjefm-79	14	20	stable	stable	ADJ
arjefm-79	14	21	and	and	CCONJ
arjefm-79	14	22	consistent	consistent	ADJ
arjefm-79	14	23	with	with	ADP
arjefm-79	14	24	the	the	DET
arjefm-79	14	25	overall	overall	ADJ
arjefm-79	14	26	demand	demand	NOUN
arjefm-79	14	27	in	in	ADP
arjefm-79	14	28	an	an	DET
arjefm-79	14	29	economy	economy	NOUN
arjefm-79	14	30	.	.	PUNCT
arjefm-79	15	1	analyzing	analyze	VERB
arjefm-79	15	2	the	the	DET
arjefm-79	15	3	sustainability	sustainability	NOUN
arjefm-79	15	4	of	of	ADP
arjefm-79	15	5	the	the	DET
arjefm-79	15	6	public	public	ADJ
arjefm-79	15	7	sector	sector	NOUN
arjefm-79	15	8	involves	involve	VERB
arjefm-79	15	9	calculating	calculate	VERB
arjefm-79	15	10	the	the	DET
arjefm-79	15	11	primary	primary	ADJ
arjefm-79	15	12	balance	balance	NOUN
arjefm-79	15	13	required	require	VERB
arjefm-79	15	14	to	to	PART
arjefm-79	15	15	maintain	maintain	VERB
arjefm-79	15	16	a	a	DET
arjefm-79	15	17	sustainable	sustainable	ADJ
arjefm-79	15	18	and	and	CCONJ
arjefm-79	15	19	stable	stable	ADJ
arjefm-79	15	20	public	public	ADJ
arjefm-79	15	21	debt	debt	NOUN
arjefm-79	15	22	/	/	SYM
arjefm-79	15	23	gdp	gdp	NOUN
arjefm-79	15	24	ratio	ratio	NOUN
arjefm-79	15	25	.	.	PUNCT
arjefm-79	16	1	izquierdo	izquierdo	PROPN
arjefm-79	16	2	and	and	CCONJ
arjefm-79	16	3	panizza	panizza	PROPN
arjefm-79	16	4	(	(	PUNCT
arjefm-79	16	5	2003	2003	NUM
arjefm-79	16	6	)	)	PUNCT
arjefm-79	16	7	define	define	VERB
arjefm-79	16	8	fiscal	fiscal	ADJ
arjefm-79	16	9	sustainability	sustainability	NOUN
arjefm-79	16	10	as	as	ADP
arjefm-79	16	11	a	a	DET
arjefm-79	16	12	country	country	NOUN
arjefm-79	16	13	's	's	PART
arjefm-79	16	14	capacity	capacity	NOUN
arjefm-79	16	15	to	to	PART
arjefm-79	16	16	meet	meet	VERB
arjefm-79	16	17	its	its	PRON
arjefm-79	16	18	budget	budget	NOUN
arjefm-79	16	19	deficit	deficit	NOUN
arjefm-79	16	20	.	.	PUNCT
arjefm-79	17	1	among	among	ADP
arjefm-79	17	2	various	various	ADJ
arjefm-79	17	3	methods	method	NOUN
arjefm-79	17	4	to	to	PART
arjefm-79	17	5	achieve	achieve	VERB
arjefm-79	17	6	balanced	balanced	ADJ
arjefm-79	17	7	budget	budget	NOUN
arjefm-79	17	8	conditions	condition	NOUN
arjefm-79	17	9	,	,	PUNCT
arjefm-79	17	10	public	public	ADJ
arjefm-79	17	11	debt	debt	NOUN
arjefm-79	17	12	is	be	AUX
arjefm-79	17	13	a	a	DET
arjefm-79	17	14	widely	widely	ADV
arjefm-79	17	15	employed	employ	VERB
arjefm-79	17	16	strategy	strategy	NOUN
arjefm-79	17	17	.	.	PUNCT
arjefm-79	18	1	keywords	keyword	NOUN
arjefm-79	18	2	:	:	PUNCT
arjefm-79	18	3	sustainability	sustainability	NOUN
arjefm-79	18	4	,	,	PUNCT
arjefm-79	18	5	fiscal	fiscal	ADJ
arjefm-79	18	6	sustainability	sustainability	NOUN
arjefm-79	18	7	,	,	PUNCT
arjefm-79	18	8	macroeconomic	macroeconomic	ADJ
arjefm-79	18	9	balance	balance	NOUN
arjefm-79	18	10	,	,	PUNCT
arjefm-79	18	11	economic	economic	ADJ
arjefm-79	18	12	stability	stability	NOUN
arjefm-79	18	13	,	,	PUNCT
arjefm-79	18	14	public	public	ADJ
arjefm-79	18	15	debt	debt	NOUN
arjefm-79	18	16	1	1	NUM
arjefm-79	18	17	.	.	PUNCT
arjefm-79	18	18	introduction	introduction	NOUN
arjefm-79	18	19	today	today	NOUN
arjefm-79	18	20	,	,	PUNCT
arjefm-79	18	21	many	many	ADJ
arjefm-79	18	22	countries	country	NOUN
arjefm-79	18	23	in	in	ADP
arjefm-79	18	24	the	the	DET
arjefm-79	18	25	world	world	NOUN
arjefm-79	18	26	implement	implement	VERB
arjefm-79	18	27	free	free	ADJ
arjefm-79	18	28	market	market	NOUN
arjefm-79	18	29	economies	economy	NOUN
arjefm-79	18	30	,	,	PUNCT
arjefm-79	18	31	and	and	CCONJ
arjefm-79	18	32	the	the	DET
arjefm-79	18	33	economies	economy	NOUN
arjefm-79	18	34	of	of	ADP
arjefm-79	18	35	countries	country	NOUN
arjefm-79	18	36	and	and	CCONJ
arjefm-79	18	37	markets	market	NOUN
arjefm-79	18	38	are	be	AUX
arjefm-79	18	39	integrated	integrate	VERB
arjefm-79	18	40	with	with	ADP
arjefm-79	18	41	the	the	DET
arjefm-79	18	42	advancements	advancement	NOUN
arjefm-79	18	43	in	in	ADP
arjefm-79	18	44	globalization	globalization	NOUN
arjefm-79	18	45	and	and	CCONJ
arjefm-79	18	46	technology	technology	NOUN
arjefm-79	18	47	.	.	PUNCT
arjefm-79	19	1	this	this	DET
arjefm-79	19	2	process	process	NOUN
arjefm-79	19	3	has	have	AUX
arjefm-79	19	4	caused	cause	VERB
arjefm-79	19	5	different	different	ADJ
arjefm-79	19	6	economic	economic	ADJ
arjefm-79	19	7	balances	balance	NOUN
arjefm-79	19	8	in	in	ADP
arjefm-79	19	9	emerged	emerged	ADJ
arjefm-79	19	10	and	and	CCONJ
arjefm-79	19	11	emerging	emerge	VERB
arjefm-79	19	12	economies	economy	NOUN
arjefm-79	19	13	.	.	PUNCT
arjefm-79	20	1	these	these	DET
arjefm-79	20	2	conditions	condition	NOUN
arjefm-79	20	3	of	of	ADP
arjefm-79	20	4	economic	economic	ADJ
arjefm-79	20	5	balance	balance	NOUN
arjefm-79	20	6	do	do	AUX
arjefm-79	20	7	not	not	PART
arjefm-79	20	8	only	only	ADV
arjefm-79	20	9	manifest	manifest	VERB
arjefm-79	20	10	themselves	themselves	PRON
arjefm-79	20	11	within	within	ADP
arjefm-79	20	12	emerged	emerged	ADJ
arjefm-79	20	13	and	and	CCONJ
arjefm-79	20	14	emerging	emerge	VERB
arjefm-79	20	15	economies	economy	NOUN
arjefm-79	20	16	;	;	PUNCT
arjefm-79	20	17	they	they	PRON
arjefm-79	20	18	can	can	AUX
arjefm-79	20	19	differ	differ	VERB
arjefm-79	20	20	between	between	ADP
arjefm-79	20	21	these	these	DET
arjefm-79	20	22	countries	country	NOUN
arjefm-79	20	23	,	,	PUNCT
arjefm-79	20	24	as	as	ADV
arjefm-79	20	25	well	well	ADV
arjefm-79	20	26	.	.	PUNCT
arjefm-79	21	1	in	in	ADP
arjefm-79	21	2	this	this	DET
arjefm-79	21	3	context	context	NOUN
arjefm-79	21	4	,	,	PUNCT
arjefm-79	21	5	preserving	preserve	VERB
arjefm-79	21	6	the	the	DET
arjefm-79	21	7	macroeconomic	macroeconomic	ADJ
arjefm-79	21	8	balance	balance	NOUN
arjefm-79	21	9	of	of	ADP
arjefm-79	21	10	these	these	DET
arjefm-79	21	11	countries	country	NOUN
arjefm-79	21	12	is	be	AUX
arjefm-79	21	13	as	as	ADV
arjefm-79	21	14	important	important	ADJ
arjefm-79	21	15	as	as	ADP
arjefm-79	21	16	providing	provide	VERB
arjefm-79	21	17	it	it	PRON
arjefm-79	21	18	.	.	PUNCT
arjefm-79	22	1	preserving	preserve	VERB
arjefm-79	22	2	macroeconomic	macroeconomic	ADJ
arjefm-79	22	3	balance	balance	NOUN
arjefm-79	22	4	leads	lead	VERB
arjefm-79	22	5	us	we	PRON
arjefm-79	22	6	to	to	ADP
arjefm-79	22	7	the	the	DET
arjefm-79	22	8	concept	concept	NOUN
arjefm-79	22	9	of	of	ADP
arjefm-79	22	10	sustainability	sustainability	NOUN
arjefm-79	22	11	.	.	PUNCT
arjefm-79	23	1	sustainability	sustainability	NOUN
arjefm-79	23	2	is	be	AUX
arjefm-79	23	3	a	a	DET
arjefm-79	23	4	concept	concept	NOUN
arjefm-79	23	5	often	often	ADV
arjefm-79	23	6	used	use	VERB
arjefm-79	23	7	even	even	ADV
arjefm-79	23	8	though	though	SCONJ
arjefm-79	23	9	it	it	PRON
arjefm-79	23	10	does	do	AUX
arjefm-79	23	11	not	not	PART
arjefm-79	23	12	have	have	VERB
arjefm-79	23	13	a	a	DET
arjefm-79	23	14	clear	clear	ADJ
arjefm-79	23	15	definition	definition	NOUN
arjefm-79	23	16	in	in	ADP
arjefm-79	23	17	the	the	DET
arjefm-79	23	18	economics	economic	NOUN
arjefm-79	23	19	literature	literature	NOUN
arjefm-79	23	20	.	.	PUNCT
arjefm-79	24	1	this	this	DET
arjefm-79	24	2	concept	concept	NOUN
arjefm-79	24	3	generally	generally	ADV
arjefm-79	24	4	defines	define	VERB
arjefm-79	24	5	the	the	DET
arjefm-79	24	6	provision	provision	NOUN
arjefm-79	24	7	of	of	ADP
arjefm-79	24	8	continuity	continuity	NOUN
arjefm-79	24	9	of	of	ADP
arjefm-79	24	10	the	the	DET
arjefm-79	24	11	economy	economy	NOUN
arjefm-79	24	12	and	and	CCONJ
arjefm-79	24	13	enough	enough	ADJ
arjefm-79	24	14	sufficiency	sufficiency	NOUN
arjefm-79	24	15	to	to	PART
arjefm-79	24	16	ensure	ensure	VERB
arjefm-79	24	17	this	this	DET
arjefm-79	24	18	continuity	continuity	NOUN
arjefm-79	24	19	.	.	PUNCT
arjefm-79	25	1	from	from	ADP
arjefm-79	25	2	this	this	DET
arjefm-79	25	3	perspective	perspective	NOUN
arjefm-79	25	4	,	,	PUNCT
arjefm-79	25	5	sustainability	sustainability	NOUN
arjefm-79	25	6	can	can	AUX
arjefm-79	25	7	be	be	AUX
arjefm-79	25	8	interpreted	interpret	VERB
arjefm-79	25	9	as	as	ADP
arjefm-79	25	10	not	not	PART
arjefm-79	25	11	only	only	ADV
arjefm-79	25	12	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	25	13	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	25	14	american	american	PROPN
arjefm-79	25	15	research	research	PROPN
arjefm-79	25	16	journal	journal	PROPN
arjefm-79	25	17	of	of	ADP
arjefm-79	25	18	economics	economic	NOUN
arjefm-79	25	19	,	,	PUNCT
arjefm-79	25	20	finance	finance	NOUN
arjefm-79	25	21	and	and	CCONJ
arjefm-79	25	22	management	management	NOUN
arjefm-79	25	23	volume	volume	NOUN
arjefm-79	25	24	11	11	NUM
arjefm-79	25	25	issue	issue	NOUN
arjefm-79	25	26	1	1	NUM
arjefm-79	25	27	,	,	PUNCT
arjefm-79	25	28	january	january	PROPN
arjefm-79	25	29	-	-	PUNCT
arjefm-79	25	30	march	march	PROPN
arjefm-79	25	31	2023	2023	NUM
arjefm-79	25	32	issn	issn	NOUN
arjefm-79	25	33	:	:	PUNCT
arjefm-79	25	34	2836	2836	NUM
arjefm-79	25	35	-	-	SYM
arjefm-79	25	36	9416	9416	NUM
arjefm-79	25	37	impact	impact	NOUN
arjefm-79	25	38	factor	factor	NOUN
arjefm-79	25	39	:	:	PUNCT
arjefm-79	25	40	5.57	5.57	NUM
arjefm-79	25	41	journal	journal	NOUN
arjefm-79	25	42	homepage	homepage	NOUN
arjefm-79	25	43	:	:	PUNCT
arjefm-79	25	44	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	25	45	,	,	PUNCT
arjefm-79	25	46	email	email	NOUN
arjefm-79	25	47	:	:	PUNCT
arjefm-79	25	48	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	25	49	official	official	ADJ
arjefm-79	25	50	journal	journal	PROPN
arjefm-79	25	51	of	of	ADP
arjefm-79	25	52	america	america	PROPN
arjefm-79	25	53	serial	serial	PROPN
arjefm-79	25	54	publication	publication	NOUN
arjefm-79	25	55	american	american	PROPN
arjefm-79	25	56	research	research	PROPN
arjefm-79	25	57	journal	journal	PROPN
arjefm-79	25	58	of	of	ADP
arjefm-79	25	59	economics	economic	NOUN
arjefm-79	25	60	,	,	PUNCT
arjefm-79	25	61	finance	finance	NOUN
arjefm-79	25	62	and	and	CCONJ
arjefm-79	25	63	management	management	NOUN
arjefm-79	25	64	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	25	65	,	,	PUNCT
arjefm-79	25	66	email	email	NOUN
arjefm-79	25	67	:	:	PUNCT
arjefm-79	25	68	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	26	1	62	62	NUM
arjefm-79	27	1	|	|	ADV
arjefm-79	27	2	p	p	NOUN
arjefm-79	27	3	a	a	DET
arjefm-79	27	4	g	g	NOUN
arjefm-79	27	5	e	e	NOUN
arjefm-79	27	6	the	the	DET
arjefm-79	27	7	stability	stability	NOUN
arjefm-79	27	8	of	of	ADP
arjefm-79	27	9	a	a	DET
arjefm-79	27	10	macro	macro	ADJ
arjefm-79	27	11	indicator	indicator	NOUN
arjefm-79	27	12	but	but	CCONJ
arjefm-79	27	13	also	also	ADV
arjefm-79	27	14	the	the	DET
arjefm-79	27	15	balance	balance	NOUN
arjefm-79	27	16	and	and	CCONJ
arjefm-79	27	17	compatibility	compatibility	NOUN
arjefm-79	27	18	between	between	ADP
arjefm-79	27	19	macro	macro	ADJ
arjefm-79	27	20	indicators	indicator	NOUN
arjefm-79	27	21	.	.	PUNCT
arjefm-79	28	1	the	the	DET
arjefm-79	28	2	first	first	ADJ
arjefm-79	28	3	concept	concept	NOUN
arjefm-79	28	4	to	to	PART
arjefm-79	28	5	have	have	AUX
arjefm-79	28	6	appeared	appear	VERB
arjefm-79	28	7	related	relate	VERB
arjefm-79	28	8	to	to	ADP
arjefm-79	28	9	economic	economic	ADJ
arjefm-79	28	10	sustainability	sustainability	NOUN
arjefm-79	28	11	is	be	AUX
arjefm-79	28	12	fiscal	fiscal	ADJ
arjefm-79	28	13	sustainability	sustainability	NOUN
arjefm-79	28	14	.	.	PUNCT
arjefm-79	29	1	fiscal	fiscal	ADJ
arjefm-79	29	2	sustainability	sustainability	NOUN
arjefm-79	29	3	is	be	AUX
arjefm-79	29	4	a	a	DET
arjefm-79	29	5	concept	concept	NOUN
arjefm-79	29	6	often	often	ADV
arjefm-79	29	7	used	use	VERB
arjefm-79	29	8	in	in	ADP
arjefm-79	29	9	the	the	DET
arjefm-79	29	10	economics	economic	NOUN
arjefm-79	29	11	literature	literature	NOUN
arjefm-79	29	12	and	and	CCONJ
arjefm-79	29	13	was	be	AUX
arjefm-79	29	14	especially	especially	ADV
arjefm-79	29	15	important	important	ADJ
arjefm-79	29	16	in	in	ADP
arjefm-79	29	17	the	the	DET
arjefm-79	29	18	planning	planning	NOUN
arjefm-79	29	19	of	of	ADP
arjefm-79	29	20	the	the	DET
arjefm-79	29	21	economic	economic	ADJ
arjefm-79	29	22	policies	policy	NOUN
arjefm-79	29	23	of	of	ADP
arjefm-79	29	24	the	the	DET
arjefm-79	29	25	1990s	1990s	NUM
arjefm-79	29	26	,	,	PUNCT
arjefm-79	29	27	but	but	CCONJ
arjefm-79	29	28	it	it	PRON
arjefm-79	29	29	does	do	AUX
arjefm-79	29	30	not	not	PART
arjefm-79	29	31	have	have	VERB
arjefm-79	29	32	a	a	DET
arjefm-79	29	33	clear	clear	ADJ
arjefm-79	29	34	definition	definition	NOUN
arjefm-79	29	35	.	.	PUNCT
arjefm-79	30	1	buiter	buiter	NOUN
arjefm-79	30	2	(	(	PUNCT
arjefm-79	30	3	1983	1983	NUM
arjefm-79	30	4	)	)	PUNCT
arjefm-79	30	5	defined	define	VERB
arjefm-79	30	6	fiscal	fiscal	ADJ
arjefm-79	30	7	sustainability	sustainability	NOUN
arjefm-79	30	8	as	as	ADP
arjefm-79	30	9	the	the	DET
arjefm-79	30	10	implementing	implementing	NOUN
arjefm-79	30	11	of	of	ADP
arjefm-79	30	12	policies	policy	NOUN
arjefm-79	30	13	that	that	PRON
arjefm-79	30	14	stabilize	stabilize	VERB
arjefm-79	30	15	the	the	DET
arjefm-79	30	16	net	net	ADJ
arjefm-79	30	17	value	value	NOUN
arjefm-79	30	18	of	of	ADP
arjefm-79	30	19	the	the	DET
arjefm-79	30	20	budget	budget	NOUN
arjefm-79	30	21	deficit	deficit	NOUN
arjefm-79	30	22	ratio	ratio	NOUN
arjefm-79	30	23	,	,	PUNCT
arjefm-79	30	24	which	which	PRON
arjefm-79	30	25	is	be	AUX
arjefm-79	30	26	the	the	DET
arjefm-79	30	27	difference	difference	NOUN
arjefm-79	30	28	between	between	ADP
arjefm-79	30	29	budget	budget	NOUN
arjefm-79	30	30	revenue	revenue	NOUN
arjefm-79	30	31	and	and	CCONJ
arjefm-79	30	32	budget	budget	NOUN
arjefm-79	30	33	expense	expense	NOUN
arjefm-79	30	34	,	,	PUNCT
arjefm-79	30	35	to	to	ADP
arjefm-79	30	36	the	the	DET
arjefm-79	30	37	gdp	gdp	NOUN
arjefm-79	30	38	rate	rate	NOUN
arjefm-79	30	39	.	.	PUNCT
arjefm-79	31	1	on	on	ADP
arjefm-79	31	2	the	the	DET
arjefm-79	31	3	other	other	ADJ
arjefm-79	31	4	hand	hand	NOUN
arjefm-79	31	5	,	,	PUNCT
arjefm-79	31	6	blanchard	blanchard	PROPN
arjefm-79	31	7	et	et	PROPN
arjefm-79	31	8	al	al	PROPN
arjefm-79	31	9	.	.	PROPN
arjefm-79	32	1	(	(	PUNCT
arjefm-79	32	2	1991	1991	NUM
arjefm-79	32	3	)	)	PUNCT
arjefm-79	32	4	defined	define	VERB
arjefm-79	32	5	fiscal	fiscal	ADJ
arjefm-79	32	6	sustainability	sustainability	NOUN
arjefm-79	32	7	as	as	ADP
arjefm-79	32	8	the	the	DET
arjefm-79	32	9	convergence	convergence	NOUN
arjefm-79	32	10	of	of	ADP
arjefm-79	32	11	the	the	DET
arjefm-79	32	12	public	public	ADJ
arjefm-79	32	13	debt	debt	NOUN
arjefm-79	32	14	/	/	SYM
arjefm-79	32	15	gnp	gnp	PROPN
arjefm-79	32	16	ratio	ratio	NOUN
arjefm-79	32	17	to	to	ADP
arjefm-79	32	18	the	the	DET
arjefm-79	32	19	starting	starting	NOUN
arjefm-79	32	20	level	level	NOUN
arjefm-79	32	21	and	and	CCONJ
arjefm-79	32	22	being	be	AUX
arjefm-79	32	23	able	able	ADJ
arjefm-79	32	24	to	to	PART
arjefm-79	32	25	meet	meet	VERB
arjefm-79	32	26	loans	loan	NOUN
arjefm-79	32	27	with	with	ADP
arjefm-79	32	28	public	public	ADJ
arjefm-79	32	29	revenue	revenue	NOUN
arjefm-79	32	30	.	.	PUNCT
arjefm-79	33	1	according	accord	VERB
arjefm-79	33	2	to	to	ADP
arjefm-79	33	3	edwards	edwards	PROPN
arjefm-79	33	4	and	and	CCONJ
arjefm-79	33	5	vergara	vergara	PROPN
arjefm-79	33	6	(	(	PUNCT
arjefm-79	33	7	2002	2002	NUM
arjefm-79	33	8	)	)	PUNCT
arjefm-79	33	9	,	,	PUNCT
arjefm-79	33	10	if	if	SCONJ
arjefm-79	33	11	the	the	DET
arjefm-79	33	12	public	public	ADJ
arjefm-79	33	13	debt	debt	NOUN
arjefm-79	33	14	/	/	SYM
arjefm-79	33	15	gdp	gdp	NOUN
arjefm-79	33	16	ratio	ratio	NOUN
arjefm-79	33	17	is	be	AUX
arjefm-79	33	18	stable	stable	ADJ
arjefm-79	33	19	and	and	CCONJ
arjefm-79	33	20	consistent	consistent	ADJ
arjefm-79	33	21	with	with	ADP
arjefm-79	33	22	the	the	DET
arjefm-79	33	23	total	total	ADJ
arjefm-79	33	24	demand	demand	NOUN
arjefm-79	33	25	in	in	ADP
arjefm-79	33	26	an	an	DET
arjefm-79	33	27	economy	economy	NOUN
arjefm-79	33	28	,	,	PUNCT
arjefm-79	33	29	then	then	ADV
arjefm-79	33	30	fiscal	fiscal	ADJ
arjefm-79	33	31	sustainability	sustainability	NOUN
arjefm-79	33	32	is	be	AUX
arjefm-79	33	33	present	present	ADJ
arjefm-79	33	34	in	in	ADP
arjefm-79	33	35	that	that	DET
arjefm-79	33	36	economy	economy	NOUN
arjefm-79	33	37	.	.	PUNCT
arjefm-79	34	1	calculating	calculate	VERB
arjefm-79	34	2	the	the	DET
arjefm-79	34	3	primary	primary	ADJ
arjefm-79	34	4	balance	balance	NOUN
arjefm-79	34	5	of	of	ADP
arjefm-79	34	6	the	the	DET
arjefm-79	34	7	public	public	ADJ
arjefm-79	34	8	sector	sector	NOUN
arjefm-79	34	9	that	that	PRON
arjefm-79	34	10	is	be	AUX
arjefm-79	34	11	compatible	compatible	ADJ
arjefm-79	34	12	with	with	ADP
arjefm-79	34	13	a	a	DET
arjefm-79	34	14	sustainable	sustainable	ADJ
arjefm-79	34	15	and	and	CCONJ
arjefm-79	34	16	stable	stable	ADJ
arjefm-79	34	17	public	public	ADJ
arjefm-79	34	18	debt	debt	NOUN
arjefm-79	34	19	/	/	SYM
arjefm-79	34	20	gdp	gdp	NOUN
arjefm-79	34	21	ratio	ratio	NOUN
arjefm-79	34	22	is	be	AUX
arjefm-79	34	23	an	an	DET
arjefm-79	34	24	important	important	ADJ
arjefm-79	34	25	element	element	NOUN
arjefm-79	34	26	in	in	ADP
arjefm-79	34	27	the	the	DET
arjefm-79	34	28	sustainability	sustainability	NOUN
arjefm-79	34	29	analysis	analysis	NOUN
arjefm-79	34	30	of	of	ADP
arjefm-79	34	31	the	the	DET
arjefm-79	34	32	public	public	ADJ
arjefm-79	34	33	sector	sector	NOUN
arjefm-79	34	34	.	.	PUNCT
arjefm-79	35	1	izquierdo	izquierdo	PROPN
arjefm-79	35	2	and	and	CCONJ
arjefm-79	35	3	panizza	panizza	PROPN
arjefm-79	35	4	(	(	PUNCT
arjefm-79	35	5	2003	2003	NUM
arjefm-79	35	6	)	)	PUNCT
arjefm-79	35	7	defined	define	VERB
arjefm-79	35	8	fiscal	fiscal	ADJ
arjefm-79	35	9	sustainability	sustainability	NOUN
arjefm-79	35	10	as	as	ADP
arjefm-79	35	11	a	a	DET
arjefm-79	35	12	country	country	NOUN
arjefm-79	35	13	’s	’s	PART
arjefm-79	35	14	sufficiency	sufficiency	NOUN
arjefm-79	35	15	to	to	PART
arjefm-79	35	16	meet	meet	VERB
arjefm-79	35	17	the	the	DET
arjefm-79	35	18	budget	budget	NOUN
arjefm-79	35	19	deficit	deficit	NOUN
arjefm-79	35	20	.	.	PUNCT
arjefm-79	36	1	balanced	balanced	ADJ
arjefm-79	36	2	budget	budget	NOUN
arjefm-79	36	3	conditions	condition	NOUN
arjefm-79	36	4	can	can	AUX
arjefm-79	36	5	be	be	AUX
arjefm-79	36	6	provided	provide	VERB
arjefm-79	36	7	with	with	ADP
arjefm-79	36	8	different	different	ADJ
arjefm-79	36	9	methods	method	NOUN
arjefm-79	36	10	.	.	PUNCT
arjefm-79	37	1	public	public	ADJ
arjefm-79	37	2	debt	debt	NOUN
arjefm-79	37	3	is	be	AUX
arjefm-79	37	4	one	one	NUM
arjefm-79	37	5	of	of	ADP
arjefm-79	37	6	these	these	DET
arjefm-79	37	7	methods	method	NOUN
arjefm-79	37	8	and	and	CCONJ
arjefm-79	37	9	it	it	PRON
arjefm-79	37	10	is	be	AUX
arjefm-79	37	11	widely	widely	ADV
arjefm-79	37	12	used	use	VERB
arjefm-79	37	13	by	by	ADP
arjefm-79	37	14	many	many	ADJ
arjefm-79	37	15	countries	country	NOUN
arjefm-79	37	16	.	.	PUNCT
arjefm-79	38	1	therefore	therefore	ADV
arjefm-79	38	2	,	,	PUNCT
arjefm-79	38	3	budget	budget	NOUN
arjefm-79	38	4	constraints	constraint	NOUN
arjefm-79	38	5	alone	alone	ADV
arjefm-79	38	6	are	be	AUX
arjefm-79	38	7	not	not	PART
arjefm-79	38	8	sufficient	sufficient	ADJ
arjefm-79	38	9	conditions	condition	NOUN
arjefm-79	38	10	for	for	ADP
arjefm-79	38	11	the	the	DET
arjefm-79	38	12	provision	provision	NOUN
arjefm-79	38	13	of	of	ADP
arjefm-79	38	14	fiscal	fiscal	ADJ
arjefm-79	38	15	sustainability	sustainability	NOUN
arjefm-79	38	16	.	.	PUNCT
arjefm-79	39	1	in	in	ADP
arjefm-79	39	2	light	light	NOUN
arjefm-79	39	3	of	of	ADP
arjefm-79	39	4	these	these	DET
arjefm-79	39	5	definitions	definition	NOUN
arjefm-79	39	6	,	,	PUNCT
arjefm-79	39	7	it	it	PRON
arjefm-79	39	8	can	can	AUX
arjefm-79	39	9	be	be	AUX
arjefm-79	39	10	said	say	VERB
arjefm-79	39	11	that	that	SCONJ
arjefm-79	39	12	fiscal	fiscal	ADJ
arjefm-79	39	13	sustainability	sustainability	NOUN
arjefm-79	39	14	focuses	focus	VERB
arjefm-79	39	15	on	on	ADP
arjefm-79	39	16	two	two	NUM
arjefm-79	39	17	main	main	ADJ
arjefm-79	39	18	points	point	NOUN
arjefm-79	39	19	:	:	PUNCT
arjefm-79	39	20	sustainability	sustainability	NOUN
arjefm-79	39	21	of	of	ADP
arjefm-79	39	22	the	the	DET
arjefm-79	39	23	budget	budget	NOUN
arjefm-79	39	24	balance	balance	NOUN
arjefm-79	39	25	and	and	CCONJ
arjefm-79	39	26	sustainability	sustainability	NOUN
arjefm-79	39	27	of	of	ADP
arjefm-79	39	28	external	external	ADJ
arjefm-79	39	29	debt	debt	NOUN
arjefm-79	39	30	stock	stock	NOUN
arjefm-79	39	31	.	.	PUNCT
arjefm-79	40	1	the	the	DET
arjefm-79	40	2	sustainability	sustainability	NOUN
arjefm-79	40	3	of	of	ADP
arjefm-79	40	4	the	the	DET
arjefm-79	40	5	external	external	ADJ
arjefm-79	40	6	debt	debt	NOUN
arjefm-79	40	7	stock	stock	NOUN
arjefm-79	40	8	/	/	SYM
arjefm-79	40	9	gdp	gdp	NOUN
arjefm-79	40	10	ratio	ratio	NOUN
arjefm-79	40	11	in	in	ADP
arjefm-79	40	12	the	the	DET
arjefm-79	40	13	long	long	ADJ
arjefm-79	40	14	term	term	NOUN
arjefm-79	40	15	is	be	AUX
arjefm-79	40	16	based	base	VERB
arjefm-79	40	17	on	on	ADP
arjefm-79	40	18	the	the	DET
arjefm-79	40	19	fact	fact	NOUN
arjefm-79	40	20	that	that	SCONJ
arjefm-79	40	21	this	this	DET
arjefm-79	40	22	deficit	deficit	NOUN
arjefm-79	40	23	is	be	AUX
arjefm-79	40	24	not	not	PART
arjefm-79	40	25	covered	cover	VERB
arjefm-79	40	26	by	by	ADP
arjefm-79	40	27	higher	high	ADJ
arjefm-79	40	28	interest	interest	NOUN
arjefm-79	40	29	rates	rate	NOUN
arjefm-79	40	30	and	and	CCONJ
arjefm-79	40	31	thus	thus	ADV
arjefm-79	40	32	inflation	inflation	NOUN
arjefm-79	40	33	.	.	PUNCT
arjefm-79	41	1	therefore	therefore	ADV
arjefm-79	41	2	,	,	PUNCT
arjefm-79	41	3	in	in	ADP
arjefm-79	41	4	addition	addition	NOUN
arjefm-79	41	5	to	to	ADP
arjefm-79	41	6	a	a	DET
arjefm-79	41	7	reasonable	reasonable	ADJ
arjefm-79	41	8	course	course	NOUN
arjefm-79	41	9	of	of	ADP
arjefm-79	41	10	external	external	ADJ
arjefm-79	41	11	debt	debt	NOUN
arjefm-79	41	12	stock	stock	NOUN
arjefm-79	41	13	,	,	PUNCT
arjefm-79	41	14	financial	financial	ADJ
arjefm-79	41	15	sustainability	sustainability	NOUN
arjefm-79	41	16	requires	require	VERB
arjefm-79	41	17	a	a	DET
arjefm-79	41	18	macroeconomic	macroeconomic	ADJ
arjefm-79	41	19	environment	environment	NOUN
arjefm-79	41	20	that	that	PRON
arjefm-79	41	21	supports	support	VERB
arjefm-79	41	22	stable	stable	ADJ
arjefm-79	41	23	economic	economic	ADJ
arjefm-79	41	24	growth	growth	NOUN
arjefm-79	41	25	,	,	PUNCT
arjefm-79	41	26	stable	stable	ADJ
arjefm-79	41	27	money	money	NOUN
arjefm-79	41	28	and	and	CCONJ
arjefm-79	41	29	credit	credit	NOUN
arjefm-79	41	30	flow	flow	NOUN
arjefm-79	41	31	,	,	PUNCT
arjefm-79	41	32	and	and	CCONJ
arjefm-79	41	33	openness	openness	NOUN
arjefm-79	41	34	to	to	ADP
arjefm-79	41	35	foreign	foreign	ADJ
arjefm-79	41	36	markets	market	NOUN
arjefm-79	41	37	.	.	PUNCT
arjefm-79	42	1	in	in	ADP
arjefm-79	42	2	other	other	ADJ
arjefm-79	42	3	words	word	NOUN
arjefm-79	42	4	,	,	PUNCT
arjefm-79	42	5	coordination	coordination	NOUN
arjefm-79	42	6	is	be	AUX
arjefm-79	42	7	needed	need	VERB
arjefm-79	42	8	between	between	ADP
arjefm-79	42	9	growth	growth	NOUN
arjefm-79	42	10	factors	factor	NOUN
arjefm-79	42	11	and	and	CCONJ
arjefm-79	42	12	money	money	NOUN
arjefm-79	42	13	policy	policy	NOUN
arjefm-79	42	14	in	in	ADP
arjefm-79	42	15	order	order	NOUN
arjefm-79	42	16	to	to	PART
arjefm-79	42	17	ensure	ensure	VERB
arjefm-79	42	18	a	a	DET
arjefm-79	42	19	sustainability	sustainability	NOUN
arjefm-79	42	20	level	level	NOUN
arjefm-79	42	21	that	that	PRON
arjefm-79	42	22	will	will	AUX
arjefm-79	42	23	support	support	VERB
arjefm-79	42	24	all	all	DET
arjefm-79	42	25	macroeconomic	macroeconomic	ADJ
arjefm-79	42	26	goals	goal	NOUN
arjefm-79	42	27	of	of	ADP
arjefm-79	42	28	the	the	DET
arjefm-79	42	29	economy	economy	NOUN
arjefm-79	42	30	.	.	PUNCT
arjefm-79	43	1	in	in	ADP
arjefm-79	43	2	an	an	DET
arjefm-79	43	3	economy	economy	NOUN
arjefm-79	43	4	that	that	PRON
arjefm-79	43	5	has	have	VERB
arjefm-79	43	6	a	a	DET
arjefm-79	43	7	low	low	ADJ
arjefm-79	43	8	debt	debt	NOUN
arjefm-79	43	9	/	/	SYM
arjefm-79	43	10	gdp	gdp	NOUN
arjefm-79	43	11	ratio	ratio	NOUN
arjefm-79	43	12	,	,	PUNCT
arjefm-79	43	13	a	a	DET
arjefm-79	43	14	low	low	ADJ
arjefm-79	43	15	real	real	ADJ
arjefm-79	43	16	interest	interest	NOUN
arjefm-79	43	17	rate	rate	NOUN
arjefm-79	43	18	and	and	CCONJ
arjefm-79	43	19	high	high	ADJ
arjefm-79	43	20	seigniorage	seigniorage	NOUN
arjefm-79	43	21	revenue	revenue	NOUN
arjefm-79	43	22	can	can	AUX
arjefm-79	43	23	be	be	AUX
arjefm-79	43	24	provided	provide	VERB
arjefm-79	43	25	in	in	ADP
arjefm-79	43	26	an	an	DET
arjefm-79	43	27	environment	environment	NOUN
arjefm-79	43	28	of	of	ADP
arjefm-79	43	29	high	high	ADJ
arjefm-79	43	30	inflation	inflation	NOUN
arjefm-79	43	31	.	.	PUNCT
arjefm-79	44	1	in	in	ADP
arjefm-79	44	2	an	an	DET
arjefm-79	44	3	economy	economy	NOUN
arjefm-79	44	4	with	with	ADP
arjefm-79	44	5	a	a	DET
arjefm-79	44	6	high	high	ADJ
arjefm-79	44	7	debt	debt	NOUN
arjefm-79	44	8	/	/	SYM
arjefm-79	44	9	gdp	gdp	NOUN
arjefm-79	44	10	ratio	ratio	NOUN
arjefm-79	44	11	,	,	PUNCT
arjefm-79	44	12	on	on	ADP
arjefm-79	44	13	the	the	DET
arjefm-79	44	14	other	other	ADJ
arjefm-79	44	15	hand	hand	NOUN
arjefm-79	44	16	,	,	PUNCT
arjefm-79	44	17	sustainability	sustainability	NOUN
arjefm-79	44	18	can	can	AUX
arjefm-79	44	19	be	be	AUX
arjefm-79	44	20	ensured	ensure	VERB
arjefm-79	44	21	with	with	ADP
arjefm-79	44	22	high	high	ADJ
arjefm-79	44	23	real	real	ADJ
arjefm-79	44	24	economic	economic	ADJ
arjefm-79	44	25	growth	growth	NOUN
arjefm-79	44	26	and	and	CCONJ
arjefm-79	44	27	other	other	ADJ
arjefm-79	44	28	stable	stable	ADJ
arjefm-79	44	29	variables	variable	NOUN
arjefm-79	44	30	(	(	PUNCT
arjefm-79	44	31	fraser	fraser	NOUN
arjefm-79	44	32	,	,	PUNCT
arjefm-79	44	33	1999	1999	NUM
arjefm-79	44	34	)	)	PUNCT
arjefm-79	44	35	.	.	PUNCT
arjefm-79	45	1	emerging	emerge	VERB
arjefm-79	45	2	economies	economy	NOUN
arjefm-79	45	3	resort	resort	VERB
arjefm-79	45	4	to	to	ADP
arjefm-79	45	5	external	external	ADJ
arjefm-79	45	6	borrowing	borrowing	NOUN
arjefm-79	45	7	due	due	ADP
arjefm-79	45	8	to	to	ADP
arjefm-79	45	9	the	the	DET
arjefm-79	45	10	fact	fact	NOUN
arjefm-79	45	11	that	that	SCONJ
arjefm-79	45	12	they	they	PRON
arjefm-79	45	13	can	can	AUX
arjefm-79	45	14	not	not	PART
arjefm-79	45	15	finance	finance	VERB
arjefm-79	45	16	economic	economic	ADJ
arjefm-79	45	17	development	development	NOUN
arjefm-79	45	18	without	without	ADP
arjefm-79	45	19	an	an	DET
arjefm-79	45	20	external	external	ADJ
arjefm-79	45	21	source	source	NOUN
arjefm-79	45	22	of	of	ADP
arjefm-79	45	23	loans	loan	NOUN
arjefm-79	45	24	,	,	PUNCT
arjefm-79	45	25	importing	import	VERB
arjefm-79	45	26	intermediate	intermediate	ADJ
arjefm-79	45	27	and	and	CCONJ
arjefm-79	45	28	investment	investment	NOUN
arjefm-79	45	29	goods	good	NOUN
arjefm-79	45	30	and	and	CCONJ
arjefm-79	45	31	meeting	meet	VERB
arjefm-79	45	32	public	public	ADJ
arjefm-79	45	33	expenses	expense	NOUN
arjefm-79	45	34	with	with	ADP
arjefm-79	45	35	public	public	ADJ
arjefm-79	45	36	revenue	revenue	NOUN
arjefm-79	45	37	;	;	PUNCT
arjefm-79	45	38	the	the	DET
arjefm-79	45	39	costs	cost	NOUN
arjefm-79	45	40	of	of	ADP
arjefm-79	45	41	internal	internal	ADJ
arjefm-79	45	42	borrowing	borrowing	NOUN
arjefm-79	45	43	are	be	AUX
arjefm-79	45	44	also	also	ADV
arjefm-79	45	45	high	high	ADJ
arjefm-79	45	46	.	.	PUNCT
arjefm-79	46	1	therefore	therefore	ADV
arjefm-79	46	2	,	,	PUNCT
arjefm-79	46	3	a	a	DET
arjefm-79	46	4	healthy	healthy	ADJ
arjefm-79	46	5	debt	debt	NOUN
arjefm-79	46	6	structure	structure	NOUN
arjefm-79	46	7	is	be	AUX
arjefm-79	46	8	vital	vital	ADJ
arjefm-79	46	9	to	to	ADP
arjefm-79	46	10	an	an	DET
arjefm-79	46	11	emerging	emerge	VERB
arjefm-79	46	12	economy	economy	NOUN
arjefm-79	46	13	.	.	PUNCT
arjefm-79	47	1	as	as	SCONJ
arjefm-79	47	2	burnside	burnside	NOUN
arjefm-79	47	3	(	(	PUNCT
arjefm-79	47	4	2005	2005	NUM
arjefm-79	47	5	)	)	PUNCT
arjefm-79	47	6	stated	state	VERB
arjefm-79	47	7	,	,	PUNCT
arjefm-79	47	8	fiscal	fiscal	ADJ
arjefm-79	47	9	sustainability	sustainability	NOUN
arjefm-79	47	10	is	be	AUX
arjefm-79	47	11	the	the	DET
arjefm-79	47	12	power	power	NOUN
arjefm-79	47	13	of	of	ADP
arjefm-79	47	14	meeting	meet	VERB
arjefm-79	47	15	the	the	DET
arjefm-79	47	16	debt	debt	NOUN
arjefm-79	47	17	load	load	NOUN
arjefm-79	47	18	of	of	ADP
arjefm-79	47	19	the	the	DET
arjefm-79	47	20	public	public	ADJ
arjefm-79	47	21	authority	authority	NOUN
arjefm-79	47	22	as	as	ADV
arjefm-79	47	23	well	well	ADV
arjefm-79	47	24	as	as	ADP
arjefm-79	47	25	preserving	preserve	VERB
arjefm-79	47	26	the	the	DET
arjefm-79	47	27	same	same	ADJ
arjefm-79	47	28	set	set	NOUN
arjefm-79	47	29	of	of	ADP
arjefm-79	47	30	policies	policy	NOUN
arjefm-79	47	31	.	.	PUNCT
arjefm-79	48	1	accordingly	accordingly	ADV
arjefm-79	48	2	,	,	PUNCT
arjefm-79	48	3	protecting	protect	VERB
arjefm-79	48	4	the	the	DET
arjefm-79	48	5	same	same	ADJ
arjefm-79	48	6	set	set	NOUN
arjefm-79	48	7	of	of	ADP
arjefm-79	48	8	policies	policy	NOUN
arjefm-79	48	9	requires	require	VERB
arjefm-79	48	10	the	the	DET
arjefm-79	48	11	correct	correct	ADJ
arjefm-79	48	12	identification	identification	NOUN
arjefm-79	48	13	of	of	ADP
arjefm-79	48	14	the	the	DET
arjefm-79	48	15	factors	factor	NOUN
arjefm-79	48	16	that	that	PRON
arjefm-79	48	17	cause	cause	VERB
arjefm-79	48	18	fiscal	fiscal	ADJ
arjefm-79	48	19	deficit	deficit	NOUN
arjefm-79	48	20	.	.	PUNCT
arjefm-79	49	1	whether	whether	SCONJ
arjefm-79	49	2	this	this	DET
arjefm-79	49	3	deficit	deficit	NOUN
arjefm-79	49	4	stems	stem	VERB
arjefm-79	49	5	from	from	ADP
arjefm-79	49	6	public	public	ADJ
arjefm-79	49	7	savings	saving	NOUN
arjefm-79	49	8	deficit	deficit	NOUN
arjefm-79	49	9	or	or	CCONJ
arjefm-79	49	10	private	private	ADJ
arjefm-79	49	11	sector	sector	NOUN
arjefm-79	49	12	savings	saving	NOUN
arjefm-79	49	13	deficit	deficit	NOUN
arjefm-79	49	14	,	,	PUNCT
arjefm-79	49	15	the	the	DET
arjefm-79	49	16	financing	financing	NOUN
arjefm-79	49	17	of	of	ADP
arjefm-79	49	18	this	this	DET
arjefm-79	49	19	debt	debt	NOUN
arjefm-79	49	20	through	through	ADP
arjefm-79	49	21	borrowing	borrowing	NOUN
arjefm-79	49	22	is	be	AUX
arjefm-79	49	23	legitimized	legitimize	VERB
arjefm-79	49	24	in	in	ADP
arjefm-79	49	25	today	today	NOUN
arjefm-79	49	26	’s	’s	PART
arjefm-79	49	27	economies	economy	NOUN
arjefm-79	49	28	as	as	ADV
arjefm-79	49	29	long	long	ADV
arjefm-79	49	30	as	as	SCONJ
arjefm-79	49	31	the	the	DET
arjefm-79	49	32	debt	debt	NOUN
arjefm-79	49	33	service	service	NOUN
arjefm-79	49	34	is	be	AUX
arjefm-79	49	35	sustainable	sustainable	ADJ
arjefm-79	49	36	.	.	PUNCT
arjefm-79	50	1	since	since	SCONJ
arjefm-79	50	2	a	a	DET
arjefm-79	50	3	public	public	ADJ
arjefm-79	50	4	savings	saving	NOUN
arjefm-79	50	5	deficit	deficit	NOUN
arjefm-79	50	6	means	mean	VERB
arjefm-79	50	7	a	a	DET
arjefm-79	50	8	budget	budget	NOUN
arjefm-79	50	9	deficit	deficit	NOUN
arjefm-79	50	10	,	,	PUNCT
arjefm-79	50	11	or	or	CCONJ
arjefm-79	50	12	in	in	ADP
arjefm-79	50	13	other	other	ADJ
arjefm-79	50	14	words	word	NOUN
arjefm-79	50	15	the	the	DET
arjefm-79	50	16	difference	difference	NOUN
arjefm-79	50	17	between	between	ADP
arjefm-79	50	18	public	public	ADJ
arjefm-79	50	19	revenue	revenue	NOUN
arjefm-79	50	20	and	and	CCONJ
arjefm-79	50	21	public	public	ADJ
arjefm-79	50	22	expense	expense	NOUN
arjefm-79	50	23	,	,	PUNCT
arjefm-79	50	24	the	the	DET
arjefm-79	50	25	concept	concept	NOUN
arjefm-79	50	26	of	of	ADP
arjefm-79	50	27	budget	budget	NOUN
arjefm-79	50	28	deficit	deficit	NOUN
arjefm-79	50	29	sustainability	sustainability	NOUN
arjefm-79	50	30	is	be	AUX
arjefm-79	50	31	sometimes	sometimes	ADV
arjefm-79	50	32	used	use	VERB
arjefm-79	50	33	in	in	ADP
arjefm-79	50	34	the	the	DET
arjefm-79	50	35	literature	literature	NOUN
arjefm-79	50	36	instead	instead	ADV
arjefm-79	50	37	of	of	ADP
arjefm-79	50	38	fiscal	fiscal	ADJ
arjefm-79	50	39	sustainability	sustainability	NOUN
arjefm-79	50	40	(	(	PUNCT
arjefm-79	50	41	karatay	karatay	NOUN
arjefm-79	50	42	gögül	gögül	NOUN
arjefm-79	50	43	,	,	PUNCT
arjefm-79	50	44	2016	2016	NUM
arjefm-79	50	45	,	,	PUNCT
arjefm-79	50	46	p.	p.	NOUN
arjefm-79	50	47	90	90	NUM
arjefm-79	50	48	)	)	PUNCT
arjefm-79	50	49	.	.	PUNCT
arjefm-79	51	1	however	however	ADV
arjefm-79	51	2	,	,	PUNCT
arjefm-79	51	3	following	follow	VERB
arjefm-79	51	4	the	the	DET
arjefm-79	51	5	privatization	privatization	NOUN
arjefm-79	51	6	practices	practice	NOUN
arjefm-79	51	7	in	in	ADP
arjefm-79	51	8	emerging	emerge	VERB
arjefm-79	51	9	economies	economy	NOUN
arjefm-79	51	10	,	,	PUNCT
arjefm-79	51	11	public	public	ADJ
arjefm-79	51	12	sector	sector	NOUN
arjefm-79	51	13	involvement	involvement	NOUN
arjefm-79	51	14	in	in	ADP
arjefm-79	51	15	the	the	DET
arjefm-79	51	16	economy	economy	NOUN
arjefm-79	51	17	decreased	decrease	VERB
arjefm-79	51	18	as	as	SCONJ
arjefm-79	51	19	private	private	ADJ
arjefm-79	51	20	sector	sector	NOUN
arjefm-79	51	21	investment	investment	NOUN
arjefm-79	51	22	percentages	percentage	NOUN
arjefm-79	51	23	in	in	ADP
arjefm-79	51	24	manufacturing	manufacturing	NOUN
arjefm-79	51	25	and	and	CCONJ
arjefm-79	51	26	services	service	NOUN
arjefm-79	51	27	increased	increase	VERB
arjefm-79	51	28	.	.	PUNCT
arjefm-79	52	1	in	in	ADP
arjefm-79	52	2	these	these	DET
arjefm-79	52	3	countries	country	NOUN
arjefm-79	52	4	,	,	PUNCT
arjefm-79	52	5	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	52	6	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	52	7	american	american	PROPN
arjefm-79	52	8	research	research	PROPN
arjefm-79	52	9	journal	journal	PROPN
arjefm-79	52	10	of	of	ADP
arjefm-79	52	11	economics	economic	NOUN
arjefm-79	52	12	,	,	PUNCT
arjefm-79	52	13	finance	finance	NOUN
arjefm-79	52	14	and	and	CCONJ
arjefm-79	52	15	management	management	NOUN
arjefm-79	52	16	volume	volume	NOUN
arjefm-79	52	17	11	11	NUM
arjefm-79	52	18	issue	issue	NOUN
arjefm-79	52	19	1	1	NUM
arjefm-79	52	20	,	,	PUNCT
arjefm-79	52	21	january	january	PROPN
arjefm-79	52	22	-	-	PUNCT
arjefm-79	52	23	march	march	PROPN
arjefm-79	52	24	2023	2023	NUM
arjefm-79	52	25	issn	issn	NOUN
arjefm-79	52	26	:	:	PUNCT
arjefm-79	52	27	2836	2836	NUM
arjefm-79	52	28	-	-	SYM
arjefm-79	52	29	9416	9416	NUM
arjefm-79	52	30	impact	impact	NOUN
arjefm-79	52	31	factor	factor	NOUN
arjefm-79	52	32	:	:	PUNCT
arjefm-79	52	33	5.57	5.57	NUM
arjefm-79	52	34	journal	journal	NOUN
arjefm-79	52	35	homepage	homepage	NOUN
arjefm-79	52	36	:	:	PUNCT
arjefm-79	52	37	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	52	38	,	,	PUNCT
arjefm-79	52	39	email	email	NOUN
arjefm-79	52	40	:	:	PUNCT
arjefm-79	52	41	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	52	42	official	official	ADJ
arjefm-79	52	43	journal	journal	PROPN
arjefm-79	52	44	of	of	ADP
arjefm-79	52	45	america	america	PROPN
arjefm-79	52	46	serial	serial	PROPN
arjefm-79	52	47	publication	publication	NOUN
arjefm-79	52	48	american	american	PROPN
arjefm-79	52	49	research	research	PROPN
arjefm-79	52	50	journal	journal	PROPN
arjefm-79	52	51	of	of	ADP
arjefm-79	52	52	economics	economic	NOUN
arjefm-79	52	53	,	,	PUNCT
arjefm-79	52	54	finance	finance	NOUN
arjefm-79	52	55	and	and	CCONJ
arjefm-79	52	56	management	management	NOUN
arjefm-79	52	57	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	52	58	,	,	PUNCT
arjefm-79	52	59	email	email	NOUN
arjefm-79	52	60	:	:	PUNCT
arjefm-79	52	61	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	52	62	63	63	NUM
arjefm-79	53	1	|	|	ADV
arjefm-79	53	2	p	p	NOUN
arjefm-79	53	3	a	a	DET
arjefm-79	53	4	g	g	NOUN
arjefm-79	53	5	e	e	NOUN
arjefm-79	53	6	the	the	DET
arjefm-79	53	7	financing	financing	NOUN
arjefm-79	53	8	needed	need	VERB
arjefm-79	53	9	for	for	ADP
arjefm-79	53	10	new	new	ADJ
arjefm-79	53	11	investments	investment	NOUN
arjefm-79	53	12	of	of	ADP
arjefm-79	53	13	the	the	DET
arjefm-79	53	14	private	private	ADJ
arjefm-79	53	15	sector	sector	NOUN
arjefm-79	53	16	is	be	AUX
arjefm-79	53	17	financed	finance	VERB
arjefm-79	53	18	with	with	ADP
arjefm-79	53	19	internal	internal	ADJ
arjefm-79	53	20	borrowing	borrowing	NOUN
arjefm-79	53	21	and/or	and/or	CCONJ
arjefm-79	53	22	external	external	ADJ
arjefm-79	53	23	borrowing	borrowing	NOUN
arjefm-79	53	24	.	.	PUNCT
arjefm-79	54	1	therefore	therefore	ADV
arjefm-79	54	2	,	,	PUNCT
arjefm-79	54	3	private	private	ADJ
arjefm-79	54	4	sector	sector	NOUN
arjefm-79	54	5	borrowing	borrowing	NOUN
arjefm-79	54	6	is	be	AUX
arjefm-79	54	7	as	as	ADV
arjefm-79	54	8	important	important	ADJ
arjefm-79	54	9	as	as	ADP
arjefm-79	54	10	public	public	ADJ
arjefm-79	54	11	borrowing	borrowing	NOUN
arjefm-79	54	12	for	for	ADP
arjefm-79	54	13	the	the	DET
arjefm-79	54	14	concept	concept	NOUN
arjefm-79	54	15	of	of	ADP
arjefm-79	54	16	sustainability	sustainability	NOUN
arjefm-79	54	17	.	.	PUNCT
arjefm-79	55	1	importing	import	VERB
arjefm-79	55	2	public	public	ADJ
arjefm-79	55	3	budget	budget	NOUN
arjefm-79	55	4	deficit	deficit	NOUN
arjefm-79	55	5	stock	stock	NOUN
arjefm-79	55	6	in	in	ADP
arjefm-79	55	7	the	the	DET
arjefm-79	55	8	provision	provision	NOUN
arjefm-79	55	9	of	of	ADP
arjefm-79	55	10	internal	internal	ADJ
arjefm-79	55	11	funds	fund	NOUN
arjefm-79	55	12	may	may	AUX
arjefm-79	55	13	negatively	negatively	ADV
arjefm-79	55	14	affect	affect	VERB
arjefm-79	55	15	the	the	DET
arjefm-79	55	16	investments	investment	NOUN
arjefm-79	55	17	of	of	ADP
arjefm-79	55	18	the	the	DET
arjefm-79	55	19	private	private	ADJ
arjefm-79	55	20	sector	sector	NOUN
arjefm-79	55	21	by	by	ADP
arjefm-79	55	22	restricting	restrict	VERB
arjefm-79	55	23	internal	internal	ADJ
arjefm-79	55	24	fund	fund	NOUN
arjefm-79	55	25	provision	provision	NOUN
arjefm-79	55	26	.	.	PUNCT
arjefm-79	56	1	this	this	DET
arjefm-79	56	2	situation	situation	NOUN
arjefm-79	56	3	,	,	PUNCT
arjefm-79	56	4	which	which	PRON
arjefm-79	56	5	is	be	AUX
arjefm-79	56	6	known	know	VERB
arjefm-79	56	7	as	as	ADP
arjefm-79	56	8	“	"	PUNCT
arjefm-79	56	9	crowding	crowd	VERB
arjefm-79	56	10	out	out	ADP
arjefm-79	56	11	,	,	PUNCT
arjefm-79	56	12	”	"	PUNCT
arjefm-79	56	13	may	may	AUX
arjefm-79	56	14	lead	lead	VERB
arjefm-79	56	15	the	the	DET
arjefm-79	56	16	private	private	ADJ
arjefm-79	56	17	sector	sector	NOUN
arjefm-79	56	18	to	to	PART
arjefm-79	56	19	use	use	VERB
arjefm-79	56	20	more	more	ADJ
arjefm-79	56	21	external	external	ADJ
arjefm-79	56	22	sources	source	NOUN
arjefm-79	56	23	of	of	ADP
arjefm-79	56	24	loans	loan	NOUN
arjefm-79	56	25	.	.	PUNCT
arjefm-79	57	1	savings	saving	NOUN
arjefm-79	57	2	deficits	deficit	NOUN
arjefm-79	57	3	in	in	ADP
arjefm-79	57	4	emerging	emerge	VERB
arjefm-79	57	5	economies	economy	NOUN
arjefm-79	57	6	make	make	VERB
arjefm-79	57	7	it	it	PRON
arjefm-79	57	8	difficult	difficult	ADJ
arjefm-79	57	9	to	to	PART
arjefm-79	57	10	provide	provide	VERB
arjefm-79	57	11	resources	resource	NOUN
arjefm-79	57	12	.	.	PUNCT
arjefm-79	58	1	furthermore	furthermore	ADV
arjefm-79	58	2	,	,	PUNCT
arjefm-79	58	3	problems	problem	NOUN
arjefm-79	58	4	of	of	ADP
arjefm-79	58	5	high	high	ADJ
arjefm-79	58	6	inflation	inflation	NOUN
arjefm-79	58	7	in	in	ADP
arjefm-79	58	8	these	these	DET
arjefm-79	58	9	economies	economy	NOUN
arjefm-79	58	10	cause	cause	VERB
arjefm-79	58	11	an	an	DET
arjefm-79	58	12	increase	increase	NOUN
arjefm-79	58	13	in	in	ADP
arjefm-79	58	14	interest	interest	NOUN
arjefm-79	58	15	rates	rate	NOUN
arjefm-79	58	16	.	.	PUNCT
arjefm-79	59	1	access	access	NOUN
arjefm-79	59	2	to	to	ADP
arjefm-79	59	3	low	low	ADJ
arjefm-79	59	4	-	-	PUNCT
arjefm-79	59	5	cost	cost	NOUN
arjefm-79	59	6	external	external	ADJ
arjefm-79	59	7	sources	source	NOUN
arjefm-79	59	8	is	be	AUX
arjefm-79	59	9	important	important	ADJ
arjefm-79	59	10	.	.	PUNCT
arjefm-79	60	1	therefore	therefore	ADV
arjefm-79	60	2	,	,	PUNCT
arjefm-79	60	3	both	both	CCONJ
arjefm-79	60	4	the	the	DET
arjefm-79	60	5	public	public	ADJ
arjefm-79	60	6	sector	sector	NOUN
arjefm-79	60	7	and	and	CCONJ
arjefm-79	60	8	the	the	DET
arjefm-79	60	9	private	private	ADJ
arjefm-79	60	10	sector	sector	NOUN
arjefm-79	60	11	seek	seek	VERB
arjefm-79	60	12	external	external	ADJ
arjefm-79	60	13	resources	resource	NOUN
arjefm-79	60	14	.	.	PUNCT
arjefm-79	61	1	even	even	ADV
arjefm-79	61	2	though	though	SCONJ
arjefm-79	61	3	external	external	ADJ
arjefm-79	61	4	debts	debt	NOUN
arjefm-79	61	5	provide	provide	VERB
arjefm-79	61	6	resource	resource	NOUN
arjefm-79	61	7	transfer	transfer	NOUN
arjefm-79	61	8	at	at	ADP
arjefm-79	61	9	the	the	DET
arjefm-79	61	10	moment	moment	NOUN
arjefm-79	61	11	they	they	PRON
arjefm-79	61	12	are	be	AUX
arjefm-79	61	13	obtained	obtain	VERB
arjefm-79	61	14	,	,	PUNCT
arjefm-79	61	15	resource	resource	NOUN
arjefm-79	61	16	loss	loss	NOUN
arjefm-79	61	17	is	be	AUX
arjefm-79	61	18	evident	evident	ADJ
arjefm-79	61	19	when	when	SCONJ
arjefm-79	61	20	the	the	DET
arjefm-79	61	21	interest	interest	NOUN
arjefm-79	61	22	rate	rate	NOUN
arjefm-79	61	23	and	and	CCONJ
arjefm-79	61	24	the	the	DET
arjefm-79	61	25	capital	capital	NOUN
arjefm-79	61	26	are	be	AUX
arjefm-79	61	27	repaid	repay	VERB
arjefm-79	61	28	.	.	PUNCT
arjefm-79	62	1	thus	thus	ADV
arjefm-79	62	2	,	,	PUNCT
arjefm-79	62	3	it	it	PRON
arjefm-79	62	4	is	be	AUX
arjefm-79	62	5	necessary	necessary	ADJ
arjefm-79	62	6	to	to	PART
arjefm-79	62	7	consider	consider	VERB
arjefm-79	62	8	how	how	SCONJ
arjefm-79	62	9	much	much	ADJ
arjefm-79	62	10	the	the	DET
arjefm-79	62	11	loan	loan	NOUN
arjefm-79	62	12	contributes	contribute	VERB
arjefm-79	62	13	to	to	ADP
arjefm-79	62	14	the	the	DET
arjefm-79	62	15	production	production	NOUN
arjefm-79	62	16	potential	potential	NOUN
arjefm-79	62	17	of	of	ADP
arjefm-79	62	18	the	the	DET
arjefm-79	62	19	country	country	NOUN
arjefm-79	62	20	when	when	SCONJ
arjefm-79	62	21	the	the	DET
arjefm-79	62	22	benefit	benefit	NOUN
arjefm-79	62	23	and	and	CCONJ
arjefm-79	62	24	cost	cost	NOUN
arjefm-79	62	25	of	of	ADP
arjefm-79	62	26	the	the	DET
arjefm-79	62	27	external	external	ADJ
arjefm-79	62	28	debt	debt	NOUN
arjefm-79	62	29	are	be	AUX
arjefm-79	62	30	analyzed	analyze	VERB
arjefm-79	62	31	(	(	PUNCT
arjefm-79	62	32	karluk	karluk	PROPN
arjefm-79	62	33	,	,	PUNCT
arjefm-79	62	34	2002	2002	NUM
arjefm-79	62	35	,	,	PUNCT
arjefm-79	62	36	p.	p.	NOUN
arjefm-79	62	37	147	147	NUM
arjefm-79	62	38	)	)	PUNCT
arjefm-79	62	39	.	.	PUNCT
arjefm-79	63	1	sustainability	sustainability	NOUN
arjefm-79	63	2	of	of	ADP
arjefm-79	63	3	the	the	DET
arjefm-79	63	4	external	external	ADJ
arjefm-79	63	5	debts	debt	NOUN
arjefm-79	63	6	makes	make	VERB
arjefm-79	63	7	the	the	DET
arjefm-79	63	8	balance	balance	NOUN
arjefm-79	63	9	between	between	ADP
arjefm-79	63	10	the	the	DET
arjefm-79	63	11	real	real	ADJ
arjefm-79	63	12	interest	interest	NOUN
arjefm-79	63	13	rate	rate	NOUN
arjefm-79	63	14	being	be	AUX
arjefm-79	63	15	paid	pay	VERB
arjefm-79	63	16	and	and	CCONJ
arjefm-79	63	17	the	the	DET
arjefm-79	63	18	real	real	ADJ
arjefm-79	63	19	growth	growth	NOUN
arjefm-79	63	20	rate	rate	NOUN
arjefm-79	63	21	of	of	ADP
arjefm-79	63	22	the	the	DET
arjefm-79	63	23	economy	economy	NOUN
arjefm-79	63	24	important	important	ADJ
arjefm-79	63	25	.	.	PUNCT
arjefm-79	64	1	the	the	DET
arjefm-79	64	2	integration	integration	NOUN
arjefm-79	64	3	of	of	ADP
arjefm-79	64	4	financial	financial	ADJ
arjefm-79	64	5	markets	market	NOUN
arjefm-79	64	6	led	lead	VERB
arjefm-79	64	7	to	to	ADP
arjefm-79	64	8	the	the	DET
arjefm-79	64	9	free	free	ADJ
arjefm-79	64	10	movement	movement	NOUN
arjefm-79	64	11	of	of	ADP
arjefm-79	64	12	portfolio	portfolio	NOUN
arjefm-79	64	13	investments	investment	NOUN
arjefm-79	64	14	made	make	VERB
arjefm-79	64	15	to	to	ADP
arjefm-79	64	16	countries	country	NOUN
arjefm-79	64	17	.	.	PUNCT
arjefm-79	65	1	it	it	PRON
arjefm-79	65	2	is	be	AUX
arjefm-79	65	3	seen	see	VERB
arjefm-79	65	4	that	that	SCONJ
arjefm-79	65	5	emerging	emerge	VERB
arjefm-79	65	6	economies	economy	NOUN
arjefm-79	65	7	can	can	AUX
arjefm-79	65	8	not	not	PART
arjefm-79	65	9	take	take	VERB
arjefm-79	65	10	long	long	ADJ
arjefm-79	65	11	-	-	PUNCT
arjefm-79	65	12	term	term	NOUN
arjefm-79	65	13	and	and	CCONJ
arjefm-79	65	14	fixed	fix	VERB
arjefm-79	65	15	-	-	PUNCT
arjefm-79	65	16	rate	rate	NOUN
arjefm-79	65	17	loans	loan	NOUN
arjefm-79	65	18	with	with	ADP
arjefm-79	65	19	national	national	ADJ
arjefm-79	65	20	currency	currency	NOUN
arjefm-79	65	21	in	in	ADP
arjefm-79	65	22	each	each	DET
arjefm-79	65	23	period	period	NOUN
arjefm-79	65	24	.	.	PUNCT
arjefm-79	66	1	countries	country	NOUN
arjefm-79	66	2	with	with	ADP
arjefm-79	66	3	insufficient	insufficient	ADJ
arjefm-79	66	4	internal	internal	ADJ
arjefm-79	66	5	savings	saving	NOUN
arjefm-79	66	6	are	be	AUX
arjefm-79	66	7	required	require	VERB
arjefm-79	66	8	to	to	PART
arjefm-79	66	9	offer	offer	VERB
arjefm-79	66	10	a	a	DET
arjefm-79	66	11	sufficient	sufficient	ADJ
arjefm-79	66	12	real	real	ADJ
arjefm-79	66	13	return	return	NOUN
arjefm-79	66	14	in	in	ADP
arjefm-79	66	15	order	order	NOUN
arjefm-79	66	16	to	to	PART
arjefm-79	66	17	attract	attract	VERB
arjefm-79	66	18	portfolio	portfolio	NOUN
arjefm-79	66	19	investments	investment	NOUN
arjefm-79	66	20	.	.	PUNCT
arjefm-79	67	1	however	however	ADV
arjefm-79	67	2	,	,	PUNCT
arjefm-79	67	3	both	both	PRON
arjefm-79	67	4	external	external	ADJ
arjefm-79	67	5	borrowing	borrowing	NOUN
arjefm-79	67	6	and	and	CCONJ
arjefm-79	67	7	the	the	DET
arjefm-79	67	8	flexibility	flexibility	NOUN
arjefm-79	67	9	of	of	ADP
arjefm-79	67	10	the	the	DET
arjefm-79	67	11	portfolio	portfolio	NOUN
arjefm-79	67	12	investments	investment	NOUN
arjefm-79	67	13	bring	bring	VERB
arjefm-79	67	14	about	about	ADP
arjefm-79	67	15	currency	currency	NOUN
arjefm-79	67	16	and	and	CCONJ
arjefm-79	67	17	interest	interest	NOUN
arjefm-79	67	18	risks	risk	NOUN
arjefm-79	67	19	.	.	PUNCT
arjefm-79	68	1	sustainability	sustainability	NOUN
arjefm-79	68	2	of	of	ADP
arjefm-79	68	3	the	the	DET
arjefm-79	68	4	debt	debt	NOUN
arjefm-79	68	5	stock	stock	NOUN
arjefm-79	68	6	becomes	become	VERB
arjefm-79	68	7	harder	hard	ADJ
arjefm-79	68	8	as	as	ADP
arjefm-79	68	9	the	the	DET
arjefm-79	68	10	ratio	ratio	NOUN
arjefm-79	68	11	of	of	ADP
arjefm-79	68	12	the	the	DET
arjefm-79	68	13	debt	debt	NOUN
arjefm-79	68	14	stock	stock	NOUN
arjefm-79	68	15	to	to	ADP
arjefm-79	68	16	gdp	gdp	NOUN
arjefm-79	68	17	increases	increase	NOUN
arjefm-79	68	18	.	.	PUNCT
arjefm-79	69	1	once	once	ADV
arjefm-79	69	2	more	more	ADJ
arjefm-79	69	3	,	,	PUNCT
arjefm-79	69	4	when	when	SCONJ
arjefm-79	69	5	the	the	DET
arjefm-79	69	6	real	real	ADJ
arjefm-79	69	7	interest	interest	NOUN
arjefm-79	69	8	rate	rate	NOUN
arjefm-79	69	9	is	be	AUX
arjefm-79	69	10	higher	high	ADJ
arjefm-79	69	11	than	than	ADP
arjefm-79	69	12	the	the	DET
arjefm-79	69	13	growth	growth	NOUN
arjefm-79	69	14	rate	rate	NOUN
arjefm-79	69	15	,	,	PUNCT
arjefm-79	69	16	the	the	DET
arjefm-79	69	17	ratio	ratio	NOUN
arjefm-79	69	18	of	of	ADP
arjefm-79	69	19	the	the	DET
arjefm-79	69	20	debt	debt	NOUN
arjefm-79	69	21	stock	stock	NOUN
arjefm-79	69	22	to	to	ADP
arjefm-79	69	23	gdp	gdp	NOUN
arjefm-79	69	24	will	will	AUX
arjefm-79	69	25	increase	increase	VERB
arjefm-79	69	26	mathematically	mathematically	ADV
arjefm-79	69	27	.	.	PUNCT
arjefm-79	70	1	the	the	DET
arjefm-79	70	2	primary	primary	ADJ
arjefm-79	70	3	surplus	surplus	NOUN
arjefm-79	70	4	of	of	ADP
arjefm-79	70	5	the	the	DET
arjefm-79	70	6	budget	budget	NOUN
arjefm-79	70	7	is	be	AUX
arjefm-79	70	8	an	an	DET
arjefm-79	70	9	important	important	ADJ
arjefm-79	70	10	nominal	nominal	ADJ
arjefm-79	70	11	anchor	anchor	NOUN
arjefm-79	70	12	in	in	ADP
arjefm-79	70	13	terms	term	NOUN
arjefm-79	70	14	of	of	ADP
arjefm-79	70	15	public	public	ADJ
arjefm-79	70	16	finance	finance	NOUN
arjefm-79	70	17	.	.	PUNCT
arjefm-79	71	1	even	even	ADV
arjefm-79	71	2	though	though	SCONJ
arjefm-79	71	3	the	the	DET
arjefm-79	71	4	real	real	ADJ
arjefm-79	71	5	interest	interest	NOUN
arjefm-79	71	6	rate	rate	NOUN
arjefm-79	71	7	is	be	AUX
arjefm-79	71	8	higher	high	ADJ
arjefm-79	71	9	than	than	ADP
arjefm-79	71	10	the	the	DET
arjefm-79	71	11	growth	growth	NOUN
arjefm-79	71	12	rate	rate	NOUN
arjefm-79	71	13	,	,	PUNCT
arjefm-79	71	14	public	public	ADJ
arjefm-79	71	15	finance	finance	NOUN
arjefm-79	71	16	can	can	AUX
arjefm-79	71	17	prevent	prevent	VERB
arjefm-79	71	18	the	the	DET
arjefm-79	71	19	increase	increase	NOUN
arjefm-79	71	20	of	of	ADP
arjefm-79	71	21	the	the	DET
arjefm-79	71	22	public	public	ADJ
arjefm-79	71	23	debt	debt	NOUN
arjefm-79	71	24	stock	stock	NOUN
arjefm-79	71	25	by	by	ADP
arjefm-79	71	26	having	have	VERB
arjefm-79	71	27	a	a	DET
arjefm-79	71	28	primary	primary	ADJ
arjefm-79	71	29	surplus	surplus	NOUN
arjefm-79	71	30	.	.	PUNCT
arjefm-79	72	1	however	however	ADV
arjefm-79	72	2	,	,	PUNCT
arjefm-79	72	3	when	when	SCONJ
arjefm-79	72	4	both	both	CCONJ
arjefm-79	72	5	the	the	DET
arjefm-79	72	6	real	real	ADJ
arjefm-79	72	7	interest	interest	NOUN
arjefm-79	72	8	rate	rate	NOUN
arjefm-79	72	9	is	be	AUX
arjefm-79	72	10	higher	high	ADJ
arjefm-79	72	11	than	than	ADP
arjefm-79	72	12	the	the	DET
arjefm-79	72	13	growth	growth	NOUN
arjefm-79	72	14	rate	rate	NOUN
arjefm-79	72	15	and	and	CCONJ
arjefm-79	72	16	public	public	ADJ
arjefm-79	72	17	finance	finance	NOUN
arjefm-79	72	18	has	have	VERB
arjefm-79	72	19	a	a	DET
arjefm-79	72	20	primary	primary	ADJ
arjefm-79	72	21	surplus	surplus	NOUN
arjefm-79	72	22	,	,	PUNCT
arjefm-79	72	23	the	the	DET
arjefm-79	72	24	ratio	ratio	NOUN
arjefm-79	72	25	of	of	ADP
arjefm-79	72	26	the	the	DET
arjefm-79	72	27	debt	debt	NOUN
arjefm-79	72	28	burden	burden	NOUN
arjefm-79	72	29	to	to	ADP
arjefm-79	72	30	gdp	gdp	NOUN
arjefm-79	72	31	will	will	AUX
arjefm-79	72	32	increase	increase	VERB
arjefm-79	72	33	rapidly	rapidly	ADV
arjefm-79	72	34	and	and	CCONJ
arjefm-79	72	35	the	the	DET
arjefm-79	72	36	economy	economy	NOUN
arjefm-79	72	37	of	of	ADP
arjefm-79	72	38	the	the	DET
arjefm-79	72	39	country	country	NOUN
arjefm-79	72	40	will	will	AUX
arjefm-79	72	41	be	be	AUX
arjefm-79	72	42	fragile	fragile	ADJ
arjefm-79	72	43	(	(	PUNCT
arjefm-79	72	44	karatay	karatay	NOUN
arjefm-79	72	45	gögül	gögül	NOUN
arjefm-79	72	46	,	,	PUNCT
arjefm-79	72	47	2016	2016	NUM
arjefm-79	72	48	)	)	PUNCT
arjefm-79	72	49	.	.	PUNCT
arjefm-79	73	1	the	the	DET
arjefm-79	73	2	primary	primary	ADJ
arjefm-79	73	3	surplus	surplus	NOUN
arjefm-79	73	4	of	of	ADP
arjefm-79	73	5	the	the	DET
arjefm-79	73	6	budget	budget	NOUN
arjefm-79	73	7	is	be	AUX
arjefm-79	73	8	a	a	DET
arjefm-79	73	9	nominal	nominal	ADJ
arjefm-79	73	10	anchor	anchor	NOUN
arjefm-79	73	11	for	for	ADP
arjefm-79	73	12	public	public	ADJ
arjefm-79	73	13	finance	finance	NOUN
arjefm-79	73	14	while	while	SCONJ
arjefm-79	73	15	having	have	VERB
arjefm-79	73	16	higher	high	ADJ
arjefm-79	73	17	real	real	ADJ
arjefm-79	73	18	interest	interest	NOUN
arjefm-79	73	19	rates	rate	NOUN
arjefm-79	73	20	than	than	ADP
arjefm-79	73	21	growth	growth	NOUN
arjefm-79	73	22	rates	rate	NOUN
arjefm-79	73	23	makes	make	VERB
arjefm-79	73	24	it	it	PRON
arjefm-79	73	25	difficult	difficult	ADJ
arjefm-79	73	26	to	to	PART
arjefm-79	73	27	maintain	maintain	VERB
arjefm-79	73	28	financial	financial	ADJ
arjefm-79	73	29	sustainability	sustainability	NOUN
arjefm-79	73	30	of	of	ADP
arjefm-79	73	31	the	the	DET
arjefm-79	73	32	private	private	ADJ
arjefm-79	73	33	sector	sector	NOUN
arjefm-79	73	34	.	.	PUNCT
arjefm-79	74	1	this	this	PRON
arjefm-79	74	2	also	also	ADV
arjefm-79	74	3	increases	increase	VERB
arjefm-79	74	4	the	the	DET
arjefm-79	74	5	cost	cost	NOUN
arjefm-79	74	6	of	of	ADP
arjefm-79	74	7	internal	internal	ADJ
arjefm-79	74	8	borrowing	borrowing	NOUN
arjefm-79	74	9	for	for	ADP
arjefm-79	74	10	the	the	DET
arjefm-79	74	11	private	private	ADJ
arjefm-79	74	12	sector	sector	NOUN
arjefm-79	74	13	.	.	PUNCT
arjefm-79	75	1	resource	resource	NOUN
arjefm-79	75	2	provision	provision	NOUN
arjefm-79	75	3	is	be	AUX
arjefm-79	75	4	easier	easy	ADJ
arjefm-79	75	5	for	for	ADP
arjefm-79	75	6	large	large	ADJ
arjefm-79	75	7	companies	company	NOUN
arjefm-79	75	8	,	,	PUNCT
arjefm-79	75	9	while	while	SCONJ
arjefm-79	75	10	this	this	DET
arjefm-79	75	11	process	process	NOUN
arjefm-79	75	12	is	be	AUX
arjefm-79	75	13	harder	hard	ADJ
arjefm-79	75	14	for	for	ADP
arjefm-79	75	15	small	small	ADJ
arjefm-79	75	16	and	and	CCONJ
arjefm-79	75	17	medium	medium	ADJ
arjefm-79	75	18	-	-	PUNCT
arjefm-79	75	19	sized	sized	ADJ
arjefm-79	75	20	companies	company	NOUN
arjefm-79	75	21	.	.	PUNCT
arjefm-79	76	1	furthermore	furthermore	ADV
arjefm-79	76	2	,	,	PUNCT
arjefm-79	76	3	an	an	DET
arjefm-79	76	4	inflow	inflow	NOUN
arjefm-79	76	5	of	of	ADP
arjefm-79	76	6	foreign	foreign	ADJ
arjefm-79	76	7	capital	capital	NOUN
arjefm-79	76	8	to	to	ADP
arjefm-79	76	9	the	the	DET
arjefm-79	76	10	country	country	NOUN
arjefm-79	76	11	is	be	AUX
arjefm-79	76	12	needed	need	VERB
arjefm-79	76	13	to	to	PART
arjefm-79	76	14	sustain	sustain	VERB
arjefm-79	76	15	external	external	ADJ
arjefm-79	76	16	debts	debt	NOUN
arjefm-79	76	17	.	.	PUNCT
arjefm-79	77	1	the	the	DET
arjefm-79	77	2	most	most	ADV
arjefm-79	77	3	efficient	efficient	ADJ
arjefm-79	77	4	way	way	NOUN
arjefm-79	77	5	to	to	PART
arjefm-79	77	6	ensure	ensure	VERB
arjefm-79	77	7	this	this	PRON
arjefm-79	77	8	is	be	AUX
arjefm-79	77	9	to	to	PART
arjefm-79	77	10	increase	increase	VERB
arjefm-79	77	11	net	net	ADJ
arjefm-79	77	12	exports	export	NOUN
arjefm-79	77	13	.	.	PUNCT
arjefm-79	78	1	utilizing	utilize	VERB
arjefm-79	78	2	the	the	DET
arjefm-79	78	3	finance	finance	NOUN
arjefm-79	78	4	provided	provide	VERB
arjefm-79	78	5	by	by	ADP
arjefm-79	78	6	loans	loan	NOUN
arjefm-79	78	7	,	,	PUNCT
arjefm-79	78	8	especially	especially	ADV
arjefm-79	78	9	in	in	ADP
arjefm-79	78	10	the	the	DET
arjefm-79	78	11	sectors	sector	NOUN
arjefm-79	78	12	related	relate	VERB
arjefm-79	78	13	to	to	ADP
arjefm-79	78	14	exports	export	NOUN
arjefm-79	78	15	,	,	PUNCT
arjefm-79	78	16	contributes	contribute	VERB
arjefm-79	78	17	to	to	ADP
arjefm-79	78	18	the	the	DET
arjefm-79	78	19	conversion	conversion	NOUN
arjefm-79	78	20	of	of	ADP
arjefm-79	78	21	external	external	ADJ
arjefm-79	78	22	debt	debt	NOUN
arjefm-79	78	23	.	.	PUNCT
arjefm-79	79	1	when	when	SCONJ
arjefm-79	79	2	all	all	PRON
arjefm-79	79	3	of	of	ADP
arjefm-79	79	4	these	these	DET
arjefm-79	79	5	conditions	condition	NOUN
arjefm-79	79	6	are	be	AUX
arjefm-79	79	7	taken	take	VERB
arjefm-79	79	8	into	into	ADP
arjefm-79	79	9	account	account	NOUN
arjefm-79	79	10	,	,	PUNCT
arjefm-79	79	11	the	the	DET
arjefm-79	79	12	concept	concept	NOUN
arjefm-79	79	13	of	of	ADP
arjefm-79	79	14	sustainability	sustainability	NOUN
arjefm-79	79	15	should	should	AUX
arjefm-79	79	16	be	be	AUX
arjefm-79	79	17	considered	consider	VERB
arjefm-79	79	18	as	as	ADP
arjefm-79	79	19	not	not	PART
arjefm-79	79	20	only	only	ADV
arjefm-79	79	21	fiscal	fiscal	ADJ
arjefm-79	79	22	sustainability	sustainability	NOUN
arjefm-79	79	23	but	but	CCONJ
arjefm-79	79	24	also	also	ADV
arjefm-79	79	25	as	as	ADP
arjefm-79	79	26	financial	financial	ADJ
arjefm-79	79	27	sustainability	sustainability	NOUN
arjefm-79	79	28	.	.	PUNCT
arjefm-79	80	1	the	the	DET
arjefm-79	80	2	macroeconomic	macroeconomic	ADJ
arjefm-79	80	3	balance	balance	NOUN
arjefm-79	80	4	achieved	achieve	VERB
arjefm-79	80	5	with	with	ADP
arjefm-79	80	6	both	both	CCONJ
arjefm-79	80	7	the	the	DET
arjefm-79	80	8	public	public	NOUN
arjefm-79	80	9	and	and	CCONJ
arjefm-79	80	10	the	the	DET
arjefm-79	80	11	private	private	ADJ
arjefm-79	80	12	sector	sector	NOUN
arjefm-79	80	13	can	can	AUX
arjefm-79	80	14	be	be	AUX
arjefm-79	80	15	used	use	VERB
arjefm-79	80	16	to	to	PART
arjefm-79	80	17	define	define	VERB
arjefm-79	80	18	financial	financial	ADJ
arjefm-79	80	19	sustainability	sustainability	NOUN
arjefm-79	80	20	.	.	PUNCT
arjefm-79	81	1	for	for	ADP
arjefm-79	81	2	this	this	DET
arjefm-79	81	3	matter	matter	NOUN
arjefm-79	81	4	,	,	PUNCT
arjefm-79	81	5	both	both	CCONJ
arjefm-79	81	6	public	public	ADJ
arjefm-79	81	7	and	and	CCONJ
arjefm-79	81	8	private	private	ADJ
arjefm-79	81	9	sector	sector	NOUN
arjefm-79	81	10	loan	loan	NOUN
arjefm-79	81	11	usages	usage	NOUN
arjefm-79	81	12	and	and	CCONJ
arjefm-79	81	13	the	the	DET
arjefm-79	81	14	sustainability	sustainability	NOUN
arjefm-79	81	15	of	of	ADP
arjefm-79	81	16	these	these	DET
arjefm-79	81	17	debts	debt	NOUN
arjefm-79	81	18	are	be	AUX
arjefm-79	81	19	vital	vital	ADJ
arjefm-79	81	20	.	.	PUNCT
arjefm-79	82	1	turkey	turkey	PROPN
arjefm-79	82	2	is	be	AUX
arjefm-79	82	3	one	one	NUM
arjefm-79	82	4	of	of	ADP
arjefm-79	82	5	the	the	DET
arjefm-79	82	6	aforementioned	aforementioned	ADJ
arjefm-79	82	7	countries	country	NOUN
arjefm-79	82	8	for	for	ADP
arjefm-79	82	9	which	which	DET
arjefm-79	82	10	borrowing	borrowing	NOUN
arjefm-79	82	11	is	be	AUX
arjefm-79	82	12	seen	see	VERB
arjefm-79	82	13	as	as	ADP
arjefm-79	82	14	a	a	DET
arjefm-79	82	15	problem	problem	NOUN
arjefm-79	82	16	.	.	PUNCT
arjefm-79	83	1	sustainability	sustainability	NOUN
arjefm-79	83	2	of	of	ADP
arjefm-79	83	3	the	the	DET
arjefm-79	83	4	debt	debt	NOUN
arjefm-79	83	5	stock	stock	NOUN
arjefm-79	83	6	particularly	particularly	ADV
arjefm-79	83	7	came	come	VERB
arjefm-79	83	8	into	into	ADP
arjefm-79	83	9	prominence	prominence	NOUN
arjefm-79	83	10	after	after	ADP
arjefm-79	83	11	the	the	DET
arjefm-79	83	12	economic	economic	ADJ
arjefm-79	83	13	crisis	crisis	NOUN
arjefm-79	83	14	of	of	ADP
arjefm-79	83	15	2001	2001	NUM
arjefm-79	83	16	and	and	CCONJ
arjefm-79	83	17	it	it	PRON
arjefm-79	83	18	has	have	AUX
arjefm-79	83	19	remained	remain	VERB
arjefm-79	83	20	one	one	NUM
arjefm-79	83	21	of	of	ADP
arjefm-79	83	22	the	the	DET
arjefm-79	83	23	most	most	ADV
arjefm-79	83	24	important	important	ADJ
arjefm-79	83	25	problems	problem	NOUN
arjefm-79	83	26	on	on	ADP
arjefm-79	83	27	the	the	DET
arjefm-79	83	28	agenda	agenda	NOUN
arjefm-79	83	29	since	since	SCONJ
arjefm-79	83	30	then	then	ADV
arjefm-79	83	31	(	(	PUNCT
arjefm-79	83	32	göktan	göktan	ADJ
arjefm-79	83	33	,	,	PUNCT
arjefm-79	83	34	2008	2008	NUM
arjefm-79	83	35	)	)	PUNCT
arjefm-79	83	36	.	.	PUNCT
arjefm-79	84	1	after	after	ADP
arjefm-79	84	2	the	the	DET
arjefm-79	84	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	84	4	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	84	5	american	american	PROPN
arjefm-79	84	6	research	research	PROPN
arjefm-79	84	7	journal	journal	PROPN
arjefm-79	84	8	of	of	ADP
arjefm-79	84	9	economics	economic	NOUN
arjefm-79	84	10	,	,	PUNCT
arjefm-79	84	11	finance	finance	NOUN
arjefm-79	84	12	and	and	CCONJ
arjefm-79	84	13	management	management	NOUN
arjefm-79	84	14	volume	volume	NOUN
arjefm-79	84	15	11	11	NUM
arjefm-79	84	16	issue	issue	NOUN
arjefm-79	84	17	1	1	NUM
arjefm-79	84	18	,	,	PUNCT
arjefm-79	84	19	january	january	PROPN
arjefm-79	84	20	-	-	PUNCT
arjefm-79	84	21	march	march	PROPN
arjefm-79	84	22	2023	2023	NUM
arjefm-79	84	23	issn	issn	NOUN
arjefm-79	84	24	:	:	PUNCT
arjefm-79	84	25	2836	2836	NUM
arjefm-79	84	26	-	-	SYM
arjefm-79	84	27	9416	9416	NUM
arjefm-79	84	28	impact	impact	NOUN
arjefm-79	84	29	factor	factor	NOUN
arjefm-79	84	30	:	:	PUNCT
arjefm-79	84	31	5.57	5.57	NUM
arjefm-79	84	32	journal	journal	NOUN
arjefm-79	84	33	homepage	homepage	NOUN
arjefm-79	84	34	:	:	PUNCT
arjefm-79	84	35	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	84	36	,	,	PUNCT
arjefm-79	84	37	email	email	NOUN
arjefm-79	84	38	:	:	PUNCT
arjefm-79	84	39	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	84	40	official	official	ADJ
arjefm-79	84	41	journal	journal	PROPN
arjefm-79	84	42	of	of	ADP
arjefm-79	84	43	america	america	PROPN
arjefm-79	84	44	serial	serial	PROPN
arjefm-79	84	45	publication	publication	NOUN
arjefm-79	84	46	american	american	PROPN
arjefm-79	84	47	research	research	PROPN
arjefm-79	84	48	journal	journal	PROPN
arjefm-79	84	49	of	of	ADP
arjefm-79	84	50	economics	economic	NOUN
arjefm-79	84	51	,	,	PUNCT
arjefm-79	84	52	finance	finance	NOUN
arjefm-79	84	53	and	and	CCONJ
arjefm-79	84	54	management	management	NOUN
arjefm-79	84	55	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	84	56	,	,	PUNCT
arjefm-79	84	57	email	email	NOUN
arjefm-79	84	58	:	:	PUNCT
arjefm-79	84	59	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	84	60	64	64	NUM
arjefm-79	85	1	|	|	ADV
arjefm-79	85	2	p	p	X
arjefm-79	85	3	a	a	DET
arjefm-79	85	4	g	g	NOUN
arjefm-79	85	5	e	e	X
arjefm-79	85	6	economic	economic	ADJ
arjefm-79	85	7	crisis	crisis	NOUN
arjefm-79	85	8	of	of	ADP
arjefm-79	85	9	2001	2001	NUM
arjefm-79	85	10	,	,	PUNCT
arjefm-79	85	11	attempts	attempt	NOUN
arjefm-79	85	12	were	be	AUX
arjefm-79	85	13	made	make	VERB
arjefm-79	85	14	to	to	PART
arjefm-79	85	15	control	control	VERB
arjefm-79	85	16	fiscal	fiscal	ADJ
arjefm-79	85	17	discipline	discipline	NOUN
arjefm-79	85	18	,	,	PUNCT
arjefm-79	85	19	and	and	CCONJ
arjefm-79	85	20	the	the	DET
arjefm-79	85	21	nominal	nominal	ADJ
arjefm-79	85	22	anchor	anchor	NOUN
arjefm-79	85	23	of	of	ADP
arjefm-79	85	24	primary	primary	ADJ
arjefm-79	85	25	surplus	surplus	NOUN
arjefm-79	85	26	was	be	AUX
arjefm-79	85	27	used	use	VERB
arjefm-79	85	28	as	as	ADP
arjefm-79	85	29	a	a	DET
arjefm-79	85	30	control	control	NOUN
arjefm-79	85	31	mechanism	mechanism	NOUN
arjefm-79	85	32	.	.	PUNCT
arjefm-79	86	1	however	however	ADV
arjefm-79	86	2	,	,	PUNCT
arjefm-79	86	3	the	the	DET
arjefm-79	86	4	current	current	ADJ
arjefm-79	86	5	deficit	deficit	NOUN
arjefm-79	86	6	increased	increase	VERB
arjefm-79	86	7	swiftly	swiftly	ADV
arjefm-79	86	8	after	after	ADP
arjefm-79	86	9	this	this	DET
arjefm-79	86	10	period	period	NOUN
arjefm-79	86	11	,	,	PUNCT
arjefm-79	86	12	bringing	bring	VERB
arjefm-79	86	13	about	about	ADP
arjefm-79	86	14	the	the	DET
arjefm-79	86	15	need	need	NOUN
arjefm-79	86	16	for	for	ADP
arjefm-79	86	17	financing	financing	NOUN
arjefm-79	86	18	and	and	CCONJ
arjefm-79	86	19	providing	provide	VERB
arjefm-79	86	20	continuity	continuity	NOUN
arjefm-79	86	21	in	in	ADP
arjefm-79	86	22	economic	economic	ADJ
arjefm-79	86	23	growth	growth	NOUN
arjefm-79	86	24	due	due	ADP
arjefm-79	86	25	to	to	ADP
arjefm-79	86	26	the	the	DET
arjefm-79	86	27	fact	fact	NOUN
arjefm-79	86	28	that	that	SCONJ
arjefm-79	86	29	manufacturing	manufacturing	NOUN
arjefm-79	86	30	requires	require	VERB
arjefm-79	86	31	imports	import	NOUN
arjefm-79	86	32	.	.	PUNCT
arjefm-79	87	1	privatization	privatization	NOUN
arjefm-79	87	2	gained	gain	VERB
arjefm-79	87	3	momentum	momentum	NOUN
arjefm-79	87	4	and	and	CCONJ
arjefm-79	87	5	the	the	DET
arjefm-79	87	6	private	private	ADJ
arjefm-79	87	7	sector	sector	NOUN
arjefm-79	87	8	started	start	VERB
arjefm-79	87	9	to	to	PART
arjefm-79	87	10	replace	replace	VERB
arjefm-79	87	11	the	the	DET
arjefm-79	87	12	public	public	ADJ
arjefm-79	87	13	sector	sector	NOUN
arjefm-79	87	14	in	in	ADP
arjefm-79	87	15	the	the	DET
arjefm-79	87	16	economy	economy	NOUN
arjefm-79	87	17	.	.	PUNCT
arjefm-79	88	1	low	low	ADJ
arjefm-79	88	2	internal	internal	ADJ
arjefm-79	88	3	savings	saving	NOUN
arjefm-79	88	4	and	and	CCONJ
arjefm-79	88	5	in	in	ADP
arjefm-79	88	6	particular	particular	ADJ
arjefm-79	88	7	high	high	ADJ
arjefm-79	88	8	real	real	ADJ
arjefm-79	88	9	interest	interest	NOUN
arjefm-79	88	10	rates	rate	NOUN
arjefm-79	88	11	until	until	ADP
arjefm-79	88	12	2008	2008	NUM
arjefm-79	88	13	caused	cause	VERB
arjefm-79	88	14	an	an	DET
arjefm-79	88	15	increase	increase	NOUN
arjefm-79	88	16	in	in	ADP
arjefm-79	88	17	the	the	DET
arjefm-79	88	18	external	external	ADJ
arjefm-79	88	19	debt	debt	NOUN
arjefm-79	88	20	level	level	NOUN
arjefm-79	88	21	of	of	ADP
arjefm-79	88	22	the	the	DET
arjefm-79	88	23	private	private	ADJ
arjefm-79	88	24	sector	sector	NOUN
arjefm-79	88	25	.	.	PUNCT
arjefm-79	89	1	the	the	DET
arjefm-79	89	2	global	global	ADJ
arjefm-79	89	3	economic	economic	ADJ
arjefm-79	89	4	crisis	crisis	NOUN
arjefm-79	89	5	after	after	ADP
arjefm-79	89	6	2008	2008	NUM
arjefm-79	89	7	and	and	CCONJ
arjefm-79	89	8	global	global	ADJ
arjefm-79	89	9	liquidity	liquidity	NOUN
arjefm-79	89	10	expansion	expansion	NOUN
arjefm-79	89	11	enabled	enable	VERB
arjefm-79	89	12	implementation	implementation	NOUN
arjefm-79	89	13	of	of	ADP
arjefm-79	89	14	more	more	ADV
arjefm-79	89	15	flexible	flexible	ADJ
arjefm-79	89	16	policies	policy	NOUN
arjefm-79	89	17	.	.	PUNCT
arjefm-79	90	1	the	the	DET
arjefm-79	90	2	debt	debt	NOUN
arjefm-79	90	3	sustainability	sustainability	NOUN
arjefm-79	90	4	of	of	ADP
arjefm-79	90	5	the	the	DET
arjefm-79	90	6	emerging	emerge	VERB
arjefm-79	90	7	economies	economy	NOUN
arjefm-79	90	8	began	begin	VERB
arjefm-79	90	9	to	to	PART
arjefm-79	90	10	be	be	AUX
arjefm-79	90	11	questioned	question	VERB
arjefm-79	90	12	after	after	ADP
arjefm-79	90	13	statements	statement	NOUN
arjefm-79	90	14	towards	towards	ADP
arjefm-79	90	15	a	a	DET
arjefm-79	90	16	global	global	ADJ
arjefm-79	90	17	consolidation	consolidation	NOUN
arjefm-79	90	18	period	period	NOUN
arjefm-79	90	19	and	and	CCONJ
arjefm-79	90	20	the	the	DET
arjefm-79	90	21	steps	step	NOUN
arjefm-79	90	22	to	to	PART
arjefm-79	90	23	be	be	AUX
arjefm-79	90	24	followed	follow	VERB
arjefm-79	90	25	were	be	AUX
arjefm-79	90	26	explained	explain	VERB
arjefm-79	90	27	in	in	ADP
arjefm-79	90	28	2017	2017	NUM
arjefm-79	90	29	.	.	PUNCT
arjefm-79	91	1	all	all	PRON
arjefm-79	91	2	of	of	ADP
arjefm-79	91	3	these	these	DET
arjefm-79	91	4	developments	development	NOUN
arjefm-79	91	5	made	make	VERB
arjefm-79	91	6	the	the	DET
arjefm-79	91	7	continuity	continuity	NOUN
arjefm-79	91	8	of	of	ADP
arjefm-79	91	9	financial	financial	ADJ
arjefm-79	91	10	sustainability	sustainability	NOUN
arjefm-79	91	11	important	important	ADJ
arjefm-79	91	12	for	for	ADP
arjefm-79	91	13	turkey	turkey	NOUN
arjefm-79	91	14	,	,	PUNCT
arjefm-79	91	15	as	as	ADV
arjefm-79	91	16	well	well	ADV
arjefm-79	91	17	.	.	PUNCT
arjefm-79	92	1	many	many	ADJ
arjefm-79	92	2	studies	study	NOUN
arjefm-79	92	3	have	have	AUX
arjefm-79	92	4	employed	employ	VERB
arjefm-79	92	5	stationarity	stationarity	NOUN
arjefm-79	92	6	series	series	NOUN
arjefm-79	92	7	tests	test	NOUN
arjefm-79	92	8	and	and	CCONJ
arjefm-79	92	9	co	co	NOUN
arjefm-79	92	10	-	-	NOUN
arjefm-79	92	11	integration	integration	NOUN
arjefm-79	92	12	tests	test	NOUN
arjefm-79	92	13	to	to	PART
arjefm-79	92	14	empirically	empirically	ADV
arjefm-79	92	15	measure	measure	VERB
arjefm-79	92	16	fiscal	fiscal	ADJ
arjefm-79	92	17	sustainability	sustainability	NOUN
arjefm-79	92	18	.	.	PUNCT
arjefm-79	93	1	the	the	DET
arjefm-79	93	2	application	application	NOUN
arjefm-79	93	3	of	of	ADP
arjefm-79	93	4	stationarity	stationarity	NOUN
arjefm-79	93	5	tests	test	NOUN
arjefm-79	93	6	is	be	AUX
arjefm-79	93	7	a	a	DET
arjefm-79	93	8	standard	standard	ADJ
arjefm-79	93	9	approach	approach	NOUN
arjefm-79	93	10	for	for	ADP
arjefm-79	93	11	testing	test	VERB
arjefm-79	93	12	the	the	DET
arjefm-79	93	13	sustainability	sustainability	NOUN
arjefm-79	93	14	of	of	ADP
arjefm-79	93	15	budget	budget	NOUN
arjefm-79	93	16	deficits	deficit	NOUN
arjefm-79	93	17	.	.	PUNCT
arjefm-79	94	1	this	this	DET
arjefm-79	94	2	method	method	NOUN
arjefm-79	94	3	was	be	AUX
arjefm-79	94	4	first	first	ADV
arjefm-79	94	5	used	use	VERB
arjefm-79	94	6	in	in	ADP
arjefm-79	94	7	the	the	DET
arjefm-79	94	8	works	work	NOUN
arjefm-79	94	9	of	of	ADP
arjefm-79	94	10	hamilton	hamilton	PROPN
arjefm-79	94	11	and	and	CCONJ
arjefm-79	94	12	flavin	flavin	PROPN
arjefm-79	94	13	(	(	PUNCT
arjefm-79	94	14	1986	1986	NUM
arjefm-79	94	15	)	)	PUNCT
arjefm-79	94	16	,	,	PUNCT
arjefm-79	94	17	trehan	trehan	NOUN
arjefm-79	94	18	and	and	CCONJ
arjefm-79	94	19	walsh	walsh	PROPN
arjefm-79	94	20	(	(	PUNCT
arjefm-79	94	21	1988	1988	NUM
arjefm-79	94	22	,	,	PUNCT
arjefm-79	94	23	1991	1991	NUM
arjefm-79	94	24	)	)	PUNCT
arjefm-79	94	25	,	,	PUNCT
arjefm-79	94	26	and	and	CCONJ
arjefm-79	94	27	ahmed	ahmed	PROPN
arjefm-79	94	28	and	and	CCONJ
arjefm-79	94	29	rogers	rogers	PROPN
arjefm-79	94	30	(	(	PUNCT
arjefm-79	94	31	1995	1995	NUM
arjefm-79	94	32	)	)	PUNCT
arjefm-79	94	33	(	(	PUNCT
arjefm-79	94	34	şen	şen	NUM
arjefm-79	94	35	,	,	PUNCT
arjefm-79	94	36	sağbaş	sağbaş	NOUN
arjefm-79	94	37	,	,	PUNCT
arjefm-79	94	38	&	&	CCONJ
arjefm-79	94	39	keskin	keskin	PROPN
arjefm-79	94	40	,	,	PUNCT
arjefm-79	94	41	2010	2010	NUM
arjefm-79	94	42	,	,	PUNCT
arjefm-79	94	43	p.	p.	NOUN
arjefm-79	94	44	111	111	NUM
arjefm-79	94	45	)	)	PUNCT
arjefm-79	94	46	.	.	PUNCT
arjefm-79	95	1	the	the	DET
arjefm-79	95	2	variables	variable	NOUN
arjefm-79	95	3	examined	examine	VERB
arjefm-79	95	4	in	in	ADP
arjefm-79	95	5	stationarity	stationarity	NOUN
arjefm-79	95	6	test	test	NOUN
arjefm-79	95	7	methods	method	NOUN
arjefm-79	95	8	are	be	AUX
arjefm-79	95	9	analyzed	analyze	VERB
arjefm-79	95	10	by	by	ADP
arjefm-79	95	11	applying	apply	VERB
arjefm-79	95	12	unit	unit	NOUN
arjefm-79	95	13	root	root	NOUN
arjefm-79	95	14	tests	test	NOUN
arjefm-79	95	15	.	.	PUNCT
arjefm-79	96	1	if	if	SCONJ
arjefm-79	96	2	series	serie	NOUN
arjefm-79	96	3	are	be	AUX
arjefm-79	96	4	stationary	stationary	ADJ
arjefm-79	96	5	in	in	ADP
arjefm-79	96	6	the	the	DET
arjefm-79	96	7	test	test	NOUN
arjefm-79	96	8	results	result	NOUN
arjefm-79	96	9	,	,	PUNCT
arjefm-79	96	10	then	then	ADV
arjefm-79	96	11	it	it	PRON
arjefm-79	96	12	is	be	AUX
arjefm-79	96	13	concluded	conclude	VERB
arjefm-79	96	14	that	that	SCONJ
arjefm-79	96	15	the	the	DET
arjefm-79	96	16	relevant	relevant	ADJ
arjefm-79	96	17	series	series	NOUN
arjefm-79	96	18	have	have	VERB
arjefm-79	96	19	sustainability	sustainability	NOUN
arjefm-79	96	20	.	.	PUNCT
arjefm-79	97	1	in	in	ADP
arjefm-79	97	2	this	this	DET
arjefm-79	97	3	study	study	NOUN
arjefm-79	97	4	,	,	PUNCT
arjefm-79	97	5	some	some	DET
arjefm-79	97	6	variables	variable	NOUN
arjefm-79	97	7	used	use	VERB
arjefm-79	97	8	for	for	ADP
arjefm-79	97	9	examining	examine	VERB
arjefm-79	97	10	fiscal	fiscal	ADJ
arjefm-79	97	11	sustainability	sustainability	NOUN
arjefm-79	97	12	and	and	CCONJ
arjefm-79	97	13	some	some	DET
arjefm-79	97	14	variables	variable	NOUN
arjefm-79	97	15	that	that	PRON
arjefm-79	97	16	may	may	AUX
arjefm-79	97	17	indicate	indicate	VERB
arjefm-79	97	18	financial	financial	ADJ
arjefm-79	97	19	sustainability	sustainability	NOUN
arjefm-79	97	20	were	be	AUX
arjefm-79	97	21	employed	employ	VERB
arjefm-79	97	22	to	to	PART
arjefm-79	97	23	analyze	analyze	VERB
arjefm-79	97	24	financial	financial	ADJ
arjefm-79	97	25	sustainability	sustainability	NOUN
arjefm-79	97	26	in	in	ADP
arjefm-79	97	27	turkey	turkey	NOUN
arjefm-79	97	28	.	.	PUNCT
arjefm-79	98	1	the	the	DET
arjefm-79	98	2	variables	variable	NOUN
arjefm-79	98	3	of	of	ADP
arjefm-79	98	4	eu	eu	PROPN
arjefm-79	98	5	-	-	ADJ
arjefm-79	98	6	defined	define	VERB
arjefm-79	98	7	general	general	ADJ
arjefm-79	98	8	government	government	NOUN
arjefm-79	98	9	debt	debt	NOUN
arjefm-79	98	10	stock	stock	NOUN
arjefm-79	98	11	/	/	SYM
arjefm-79	98	12	gdp	gdp	PROPN
arjefm-79	98	13	,	,	PUNCT
arjefm-79	98	14	public	public	ADJ
arjefm-79	98	15	net	net	ADJ
arjefm-79	98	16	debt	debt	NOUN
arjefm-79	98	17	stock	stock	NOUN
arjefm-79	98	18	/	/	SYM
arjefm-79	98	19	gdp	gdp	PROPN
arjefm-79	98	20	,	,	PUNCT
arjefm-79	98	21	net	net	ADJ
arjefm-79	98	22	external	external	ADJ
arjefm-79	98	23	debt	debt	NOUN
arjefm-79	98	24	stock	stock	NOUN
arjefm-79	98	25	/	/	SYM
arjefm-79	98	26	gdp	gdp	PROPN
arjefm-79	98	27	,	,	PUNCT
arjefm-79	98	28	nonfinancial	nonfinancial	ADJ
arjefm-79	98	29	private	private	ADJ
arjefm-79	98	30	sector	sector	NOUN
arjefm-79	98	31	loan	loan	NOUN
arjefm-79	98	32	usage	usage	NOUN
arjefm-79	98	33	/	/	SYM
arjefm-79	98	34	gdp	gdp	NOUN
arjefm-79	98	35	,	,	PUNCT
arjefm-79	98	36	gdp	gdp	NOUN
arjefm-79	98	37	growth	growth	NOUN
arjefm-79	98	38	,	,	PUNCT
arjefm-79	98	39	real	real	ADJ
arjefm-79	98	40	interest	interest	NOUN
arjefm-79	98	41	rate	rate	NOUN
arjefm-79	98	42	of	of	ADP
arjefm-79	98	43	commercial	commercial	ADJ
arjefm-79	98	44	credits	credit	NOUN
arjefm-79	98	45	,	,	PUNCT
arjefm-79	98	46	and	and	CCONJ
arjefm-79	98	47	real	real	ADJ
arjefm-79	98	48	interest	interest	NOUN
arjefm-79	98	49	rate	rate	NOUN
arjefm-79	98	50	of	of	ADP
arjefm-79	98	51	government	government	NOUN
arjefm-79	98	52	domestic	domestic	ADJ
arjefm-79	98	53	debt	debt	NOUN
arjefm-79	98	54	securities	security	NOUN
arjefm-79	98	55	were	be	AUX
arjefm-79	98	56	analyzed	analyze	VERB
arjefm-79	98	57	with	with	ADP
arjefm-79	98	58	stationarity	stationarity	NOUN
arjefm-79	98	59	tests	test	NOUN
arjefm-79	98	60	and	and	CCONJ
arjefm-79	98	61	the	the	DET
arjefm-79	98	62	levels	level	NOUN
arjefm-79	98	63	of	of	ADP
arjefm-79	98	64	difference	difference	NOUN
arjefm-79	98	65	between	between	ADP
arjefm-79	98	66	the	the	DET
arjefm-79	98	67	variables	variable	NOUN
arjefm-79	98	68	of	of	ADP
arjefm-79	98	69	gdp	gdp	NOUN
arjefm-79	98	70	growth	growth	NOUN
arjefm-79	98	71	and	and	CCONJ
arjefm-79	98	72	real	real	ADJ
arjefm-79	98	73	interest	interest	NOUN
arjefm-79	98	74	rate	rate	NOUN
arjefm-79	98	75	of	of	ADP
arjefm-79	98	76	commercial	commercial	ADJ
arjefm-79	98	77	credits	credit	NOUN
arjefm-79	98	78	and	and	CCONJ
arjefm-79	98	79	real	real	ADJ
arjefm-79	98	80	interest	interest	NOUN
arjefm-79	98	81	rate	rate	NOUN
arjefm-79	98	82	of	of	ADP
arjefm-79	98	83	government	government	NOUN
arjefm-79	98	84	domestic	domestic	ADJ
arjefm-79	98	85	debt	debt	NOUN
arjefm-79	98	86	securities	security	NOUN
arjefm-79	98	87	were	be	AUX
arjefm-79	98	88	examined	examine	VERB
arjefm-79	98	89	.	.	PUNCT
arjefm-79	99	1	2	2	X
arjefm-79	99	2	.	.	X
arjefm-79	99	3	literature	literature	PROPN
arjefm-79	99	4	hamilton	hamilton	PROPN
arjefm-79	99	5	and	and	CCONJ
arjefm-79	99	6	flavin	flavin	PROPN
arjefm-79	99	7	(	(	PUNCT
arjefm-79	99	8	1986	1986	NUM
arjefm-79	99	9	)	)	PUNCT
arjefm-79	99	10	examined	examine	VERB
arjefm-79	99	11	the	the	DET
arjefm-79	99	12	budget	budget	NOUN
arjefm-79	99	13	policies	policy	NOUN
arjefm-79	99	14	of	of	ADP
arjefm-79	99	15	the	the	DET
arjefm-79	99	16	period	period	NOUN
arjefm-79	99	17	between	between	ADP
arjefm-79	99	18	1960	1960	NUM
arjefm-79	99	19	and	and	CCONJ
arjefm-79	99	20	1984	1984	NUM
arjefm-79	99	21	in	in	ADP
arjefm-79	99	22	the	the	DET
arjefm-79	99	23	usa	usa	PROPN
arjefm-79	99	24	with	with	ADP
arjefm-79	99	25	an	an	DET
arjefm-79	99	26	approach	approach	NOUN
arjefm-79	99	27	that	that	PRON
arjefm-79	99	28	they	they	PRON
arjefm-79	99	29	developed	develop	VERB
arjefm-79	99	30	and	and	CCONJ
arjefm-79	99	31	found	find	VERB
arjefm-79	99	32	results	result	NOUN
arjefm-79	99	33	suggesting	suggest	VERB
arjefm-79	99	34	that	that	SCONJ
arjefm-79	99	35	sustainability	sustainability	NOUN
arjefm-79	99	36	was	be	AUX
arjefm-79	99	37	ensured	ensure	VERB
arjefm-79	99	38	.	.	PUNCT
arjefm-79	100	1	in	in	ADP
arjefm-79	100	2	the	the	DET
arjefm-79	100	3	work	work	NOUN
arjefm-79	100	4	conducted	conduct	VERB
arjefm-79	100	5	by	by	ADP
arjefm-79	100	6	kremers	kremer	NOUN
arjefm-79	100	7	(	(	PUNCT
arjefm-79	100	8	1988	1988	NUM
arjefm-79	100	9	)	)	PUNCT
arjefm-79	100	10	,	,	PUNCT
arjefm-79	100	11	following	follow	VERB
arjefm-79	100	12	that	that	PRON
arjefm-79	100	13	of	of	ADP
arjefm-79	100	14	hamilton	hamilton	PROPN
arjefm-79	100	15	and	and	CCONJ
arjefm-79	100	16	flavin	flavin	PROPN
arjefm-79	100	17	(	(	PUNCT
arjefm-79	100	18	1986	1986	NUM
arjefm-79	100	19	)	)	PUNCT
arjefm-79	100	20	,	,	PUNCT
arjefm-79	100	21	it	it	PRON
arjefm-79	100	22	was	be	AUX
arjefm-79	100	23	indicated	indicate	VERB
arjefm-79	100	24	that	that	SCONJ
arjefm-79	100	25	an	an	DET
arjefm-79	100	26	insufficient	insufficient	ADJ
arjefm-79	100	27	gap	gap	NOUN
arjefm-79	100	28	lag	lag	NOUN
arjefm-79	100	29	was	be	AUX
arjefm-79	100	30	used	use	VERB
arjefm-79	100	31	in	in	ADP
arjefm-79	100	32	the	the	DET
arjefm-79	100	33	regression	regression	NOUN
arjefm-79	100	34	equation	equation	NOUN
arjefm-79	100	35	.	.	PUNCT
arjefm-79	101	1	kremers	kremer	NOUN
arjefm-79	101	2	repeated	repeat	VERB
arjefm-79	101	3	the	the	DET
arjefm-79	101	4	analysis	analysis	NOUN
arjefm-79	101	5	for	for	ADP
arjefm-79	101	6	the	the	DET
arjefm-79	101	7	same	same	ADJ
arjefm-79	101	8	period	period	NOUN
arjefm-79	101	9	and	and	CCONJ
arjefm-79	101	10	claimed	claim	VERB
arjefm-79	101	11	that	that	SCONJ
arjefm-79	101	12	the	the	DET
arjefm-79	101	13	budget	budget	NOUN
arjefm-79	101	14	deficits	deficit	NOUN
arjefm-79	101	15	of	of	ADP
arjefm-79	101	16	the	the	DET
arjefm-79	101	17	usa	usa	PROPN
arjefm-79	101	18	were	be	AUX
arjefm-79	101	19	unsustainable	unsustainable	ADJ
arjefm-79	101	20	.	.	PUNCT
arjefm-79	102	1	the	the	DET
arjefm-79	102	2	method	method	NOUN
arjefm-79	102	3	developed	develop	VERB
arjefm-79	102	4	by	by	ADP
arjefm-79	102	5	hamilton	hamilton	PROPN
arjefm-79	102	6	and	and	CCONJ
arjefm-79	102	7	flavin	flavin	PROPN
arjefm-79	102	8	(	(	PUNCT
arjefm-79	102	9	1986	1986	NUM
arjefm-79	102	10	)	)	PUNCT
arjefm-79	102	11	was	be	AUX
arjefm-79	102	12	also	also	ADV
arjefm-79	102	13	employed	employ	VERB
arjefm-79	102	14	in	in	ADP
arjefm-79	102	15	different	different	ADJ
arjefm-79	102	16	countries	country	NOUN
arjefm-79	102	17	:	:	PUNCT
arjefm-79	102	18	in	in	ADP
arjefm-79	102	19	canada	canada	PROPN
arjefm-79	102	20	by	by	ADP
arjefm-79	102	21	smith	smith	PROPN
arjefm-79	102	22	and	and	CCONJ
arjefm-79	102	23	zin	zin	NOUN
arjefm-79	102	24	(	(	PUNCT
arjefm-79	102	25	1991	1991	NUM
arjefm-79	102	26	)	)	PUNCT
arjefm-79	102	27	;	;	PUNCT
arjefm-79	102	28	in	in	ADP
arjefm-79	102	29	italy	italy	PROPN
arjefm-79	102	30	by	by	ADP
arjefm-79	102	31	baglioni	baglioni	PROPN
arjefm-79	102	32	and	and	CCONJ
arjefm-79	102	33	cherubini	cherubini	NOUN
arjefm-79	102	34	(	(	PUNCT
arjefm-79	102	35	1993	1993	NUM
arjefm-79	102	36	)	)	PUNCT
arjefm-79	102	37	;	;	PUNCT
arjefm-79	102	38	and	and	CCONJ
arjefm-79	102	39	in	in	ADP
arjefm-79	102	40	greece	greece	PROPN
arjefm-79	102	41	by	by	ADP
arjefm-79	102	42	makyrdakis	makyrdakis	PROPN
arjefm-79	102	43	,	,	PUNCT
arjefm-79	102	44	tzavalis	tzavali	NOUN
arjefm-79	102	45	,	,	PUNCT
arjefm-79	102	46	and	and	CCONJ
arjefm-79	102	47	belfoussias	belfoussias	PROPN
arjefm-79	102	48	(	(	PUNCT
arjefm-79	102	49	1999	1999	NUM
arjefm-79	102	50	)	)	PUNCT
arjefm-79	102	51	.	.	PUNCT
arjefm-79	103	1	these	these	DET
arjefm-79	103	2	authors	author	NOUN
arjefm-79	103	3	all	all	PRON
arjefm-79	103	4	reached	reach	VERB
arjefm-79	103	5	results	result	NOUN
arjefm-79	103	6	indicating	indicate	VERB
arjefm-79	103	7	unsustainable	unsustainable	ADJ
arjefm-79	103	8	budget	budget	NOUN
arjefm-79	103	9	deficits	deficit	NOUN
arjefm-79	103	10	.	.	PUNCT
arjefm-79	104	1	feve	feve	VERB
arjefm-79	104	2	and	and	CCONJ
arjefm-79	104	3	henin	henin	PROPN
arjefm-79	104	4	(	(	PUNCT
arjefm-79	104	5	2000	2000	NUM
arjefm-79	104	6	)	)	PUNCT
arjefm-79	104	7	examined	examine	VERB
arjefm-79	104	8	the	the	DET
arjefm-79	104	9	fiscal	fiscal	ADJ
arjefm-79	104	10	sustainability	sustainability	NOUN
arjefm-79	104	11	of	of	ADP
arjefm-79	104	12	g-7	g-7	NOUN
arjefm-79	104	13	countries	country	NOUN
arjefm-79	104	14	with	with	ADP
arjefm-79	104	15	unit	unit	NOUN
arjefm-79	104	16	root	root	NOUN
arjefm-79	104	17	tests	test	NOUN
arjefm-79	104	18	and	and	CCONJ
arjefm-79	104	19	found	find	VERB
arjefm-79	104	20	that	that	SCONJ
arjefm-79	104	21	fiscal	fiscal	ADJ
arjefm-79	104	22	sustainability	sustainability	NOUN
arjefm-79	104	23	was	be	AUX
arjefm-79	104	24	not	not	PART
arjefm-79	104	25	ensured	ensure	VERB
arjefm-79	104	26	in	in	ADP
arjefm-79	104	27	some	some	PRON
arjefm-79	104	28	of	of	ADP
arjefm-79	104	29	those	those	DET
arjefm-79	104	30	countries	country	NOUN
arjefm-79	104	31	.	.	PUNCT
arjefm-79	105	1	croce	croce	PROPN
arjefm-79	105	2	and	and	CCONJ
arjefm-79	105	3	juan	juan	PROPN
arjefm-79	105	4	-	-	PUNCT
arjefm-79	105	5	ramon	ramon	PROPN
arjefm-79	105	6	(	(	PUNCT
arjefm-79	105	7	2003	2003	NUM
arjefm-79	105	8	)	)	PUNCT
arjefm-79	105	9	carried	carry	VERB
arjefm-79	105	10	out	out	ADP
arjefm-79	105	11	fiscal	fiscal	ADJ
arjefm-79	105	12	sustainability	sustainability	NOUN
arjefm-79	105	13	research	research	NOUN
arjefm-79	105	14	in	in	ADP
arjefm-79	105	15	their	their	PRON
arjefm-79	105	16	study	study	NOUN
arjefm-79	105	17	that	that	PRON
arjefm-79	105	18	included	include	VERB
arjefm-79	105	19	a	a	DET
arjefm-79	105	20	group	group	NOUN
arjefm-79	105	21	of	of	ADP
arjefm-79	105	22	countries	country	NOUN
arjefm-79	105	23	and	and	CCONJ
arjefm-79	105	24	found	find	VERB
arjefm-79	105	25	that	that	SCONJ
arjefm-79	105	26	turkey	turkey	NOUN
arjefm-79	105	27	,	,	PUNCT
arjefm-79	105	28	argentina	argentina	PROPN
arjefm-79	105	29	,	,	PUNCT
arjefm-79	105	30	and	and	CCONJ
arjefm-79	105	31	brazil	brazil	PROPN
arjefm-79	105	32	did	do	AUX
arjefm-79	105	33	not	not	PART
arjefm-79	105	34	have	have	VERB
arjefm-79	105	35	sustainability	sustainability	NOUN
arjefm-79	105	36	in	in	ADP
arjefm-79	105	37	the	the	DET
arjefm-79	105	38	1990s	1990	NOUN
arjefm-79	105	39	while	while	SCONJ
arjefm-79	105	40	belgium	belgium	PROPN
arjefm-79	105	41	,	,	PUNCT
arjefm-79	105	42	indonesia	indonesia	PROPN
arjefm-79	105	43	,	,	PUNCT
arjefm-79	105	44	ireland	ireland	PROPN
arjefm-79	105	45	,	,	PUNCT
arjefm-79	105	46	and	and	CCONJ
arjefm-79	105	47	mexico	mexico	PROPN
arjefm-79	105	48	did	do	AUX
arjefm-79	105	49	have	have	VERB
arjefm-79	105	50	fiscal	fiscal	ADJ
arjefm-79	105	51	sustainability	sustainability	NOUN
arjefm-79	105	52	in	in	ADP
arjefm-79	105	53	that	that	DET
arjefm-79	105	54	period	period	NOUN
arjefm-79	105	55	.	.	PUNCT
arjefm-79	106	1	ono	ono	PROPN
arjefm-79	106	2	(	(	PUNCT
arjefm-79	106	3	2008	2008	NUM
arjefm-79	106	4	)	)	PUNCT
arjefm-79	106	5	,	,	PUNCT
arjefm-79	106	6	in	in	ADP
arjefm-79	106	7	his	his	PRON
arjefm-79	106	8	work	work	NOUN
arjefm-79	106	9	on	on	ADP
arjefm-79	106	10	the	the	DET
arjefm-79	106	11	fiscal	fiscal	ADJ
arjefm-79	106	12	sustainability	sustainability	NOUN
arjefm-79	106	13	of	of	ADP
arjefm-79	106	14	g-7	g-7	NOUN
arjefm-79	106	15	countries	country	NOUN
arjefm-79	106	16	,	,	PUNCT
arjefm-79	106	17	employed	employ	VERB
arjefm-79	106	18	both	both	DET
arjefm-79	106	19	standard	standard	ADJ
arjefm-79	106	20	unit	unit	NOUN
arjefm-79	106	21	root	root	NOUN
arjefm-79	106	22	tests	test	NOUN
arjefm-79	106	23	and	and	CCONJ
arjefm-79	106	24	unit	unit	NOUN
arjefm-79	106	25	root	root	NOUN
arjefm-79	106	26	tests	test	NOUN
arjefm-79	106	27	depending	depend	VERB
arjefm-79	106	28	on	on	ADP
arjefm-79	106	29	nonlinear	nonlinear	ADJ
arjefm-79	106	30	time	time	NOUN
arjefm-79	106	31	series	series	NOUN
arjefm-79	106	32	for	for	ADP
arjefm-79	106	33	sustainability	sustainability	NOUN
arjefm-79	106	34	research	research	NOUN
arjefm-79	106	35	and	and	CCONJ
arjefm-79	106	36	found	find	VERB
arjefm-79	106	37	results	result	NOUN
arjefm-79	106	38	in	in	ADP
arjefm-79	106	39	favor	favor	NOUN
arjefm-79	106	40	of	of	ADP
arjefm-79	106	41	fiscal	fiscal	ADJ
arjefm-79	106	42	sustainability	sustainability	NOUN
arjefm-79	106	43	for	for	ADP
arjefm-79	106	44	these	these	DET
arjefm-79	106	45	countries	country	NOUN
arjefm-79	106	46	,	,	PUNCT
arjefm-79	106	47	except	except	SCONJ
arjefm-79	106	48	for	for	ADP
arjefm-79	106	49	japan	japan	PROPN
arjefm-79	106	50	.	.	PUNCT
arjefm-79	107	1	studies	study	NOUN
arjefm-79	107	2	conducted	conduct	VERB
arjefm-79	107	3	on	on	ADP
arjefm-79	107	4	turkey	turkey	NOUN
arjefm-79	107	5	have	have	VERB
arjefm-79	107	6	generally	generally	ADV
arjefm-79	107	7	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	108	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	109	1	american	american	PROPN
arjefm-79	109	2	research	research	PROPN
arjefm-79	109	3	journal	journal	PROPN
arjefm-79	109	4	of	of	ADP
arjefm-79	109	5	economics	economic	NOUN
arjefm-79	109	6	,	,	PUNCT
arjefm-79	109	7	finance	finance	NOUN
arjefm-79	109	8	and	and	CCONJ
arjefm-79	109	9	management	management	NOUN
arjefm-79	109	10	volume	volume	NOUN
arjefm-79	109	11	11	11	NUM
arjefm-79	109	12	issue	issue	NOUN
arjefm-79	109	13	1	1	NUM
arjefm-79	109	14	,	,	PUNCT
arjefm-79	109	15	january	january	PROPN
arjefm-79	109	16	-	-	PUNCT
arjefm-79	109	17	march	march	PROPN
arjefm-79	109	18	2023	2023	NUM
arjefm-79	109	19	issn	issn	NOUN
arjefm-79	109	20	:	:	PUNCT
arjefm-79	109	21	2836	2836	NUM
arjefm-79	109	22	-	-	SYM
arjefm-79	109	23	9416	9416	NUM
arjefm-79	109	24	impact	impact	NOUN
arjefm-79	109	25	factor	factor	NOUN
arjefm-79	109	26	:	:	PUNCT
arjefm-79	109	27	5.57	5.57	NUM
arjefm-79	109	28	journal	journal	NOUN
arjefm-79	109	29	homepage	homepage	NOUN
arjefm-79	109	30	:	:	PUNCT
arjefm-79	109	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	109	32	,	,	PUNCT
arjefm-79	109	33	email	email	NOUN
arjefm-79	109	34	:	:	PUNCT
arjefm-79	110	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	110	2	official	official	ADJ
arjefm-79	110	3	journal	journal	PROPN
arjefm-79	110	4	of	of	ADP
arjefm-79	110	5	america	america	PROPN
arjefm-79	110	6	serial	serial	PROPN
arjefm-79	110	7	publication	publication	NOUN
arjefm-79	110	8	american	american	PROPN
arjefm-79	110	9	research	research	PROPN
arjefm-79	110	10	journal	journal	PROPN
arjefm-79	110	11	of	of	ADP
arjefm-79	110	12	economics	economic	NOUN
arjefm-79	110	13	,	,	PUNCT
arjefm-79	110	14	finance	finance	NOUN
arjefm-79	110	15	and	and	CCONJ
arjefm-79	110	16	management	management	NOUN
arjefm-79	110	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	110	18	,	,	PUNCT
arjefm-79	110	19	email	email	NOUN
arjefm-79	110	20	:	:	PUNCT
arjefm-79	110	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	111	1	65	65	NUM
arjefm-79	112	1	|	|	ADV
arjefm-79	112	2	p	p	X
arjefm-79	112	3	a	a	DET
arjefm-79	112	4	g	g	NOUN
arjefm-79	112	5	e	e	NOUN
arjefm-79	112	6	shown	show	VERB
arjefm-79	112	7	that	that	SCONJ
arjefm-79	112	8	the	the	DET
arjefm-79	112	9	economy	economy	NOUN
arjefm-79	112	10	of	of	ADP
arjefm-79	112	11	turkey	turkey	NOUN
arjefm-79	112	12	does	do	AUX
arjefm-79	112	13	not	not	PART
arjefm-79	112	14	have	have	VERB
arjefm-79	112	15	fiscal	fiscal	ADJ
arjefm-79	112	16	sustainability	sustainability	NOUN
arjefm-79	112	17	.	.	PUNCT
arjefm-79	113	1	when	when	SCONJ
arjefm-79	113	2	we	we	PRON
arjefm-79	113	3	look	look	VERB
arjefm-79	113	4	at	at	ADP
arjefm-79	113	5	the	the	DET
arjefm-79	113	6	studies	study	NOUN
arjefm-79	113	7	conducted	conduct	VERB
arjefm-79	113	8	on	on	ADP
arjefm-79	113	9	the	the	DET
arjefm-79	113	10	fiscal	fiscal	ADJ
arjefm-79	113	11	sustainability	sustainability	NOUN
arjefm-79	113	12	of	of	ADP
arjefm-79	113	13	turkey	turkey	NOUN
arjefm-79	113	14	,	,	PUNCT
arjefm-79	113	15	those	those	PRON
arjefm-79	113	16	of	of	ADP
arjefm-79	113	17	göktan	göktan	PROPN
arjefm-79	113	18	(	(	PUNCT
arjefm-79	113	19	2008	2008	NUM
arjefm-79	113	20	)	)	PUNCT
arjefm-79	113	21	and	and	CCONJ
arjefm-79	113	22	aslan	aslan	PROPN
arjefm-79	113	23	(	(	PUNCT
arjefm-79	113	24	2009	2009	NUM
arjefm-79	113	25	)	)	PUNCT
arjefm-79	113	26	hold	hold	VERB
arjefm-79	113	27	an	an	DET
arjefm-79	113	28	important	important	ADJ
arjefm-79	113	29	place	place	NOUN
arjefm-79	113	30	in	in	ADP
arjefm-79	113	31	the	the	DET
arjefm-79	113	32	literature	literature	NOUN
arjefm-79	113	33	.	.	PUNCT
arjefm-79	114	1	göktan	göktan	PROPN
arjefm-79	114	2	(	(	PUNCT
arjefm-79	114	3	2008	2008	NUM
arjefm-79	114	4	)	)	PUNCT
arjefm-79	114	5	used	use	VERB
arjefm-79	114	6	quarterly	quarterly	ADJ
arjefm-79	114	7	data	datum	NOUN
arjefm-79	114	8	of	of	ADP
arjefm-79	114	9	1999	1999	NUM
arjefm-79	114	10	-	-	SYM
arjefm-79	114	11	2006	2006	NUM
arjefm-79	114	12	and	and	CCONJ
arjefm-79	114	13	examined	examine	VERB
arjefm-79	114	14	the	the	DET
arjefm-79	114	15	fiscal	fiscal	ADJ
arjefm-79	114	16	sustainability	sustainability	NOUN
arjefm-79	114	17	of	of	ADP
arjefm-79	114	18	turkey	turkey	NOUN
arjefm-79	114	19	in	in	ADP
arjefm-79	114	20	terms	term	NOUN
arjefm-79	114	21	of	of	ADP
arjefm-79	114	22	debt	debt	NOUN
arjefm-79	114	23	stock	stock	NOUN
arjefm-79	114	24	,	,	PUNCT
arjefm-79	114	25	debt	debt	NOUN
arjefm-79	114	26	stock	stock	NOUN
arjefm-79	114	27	/	/	SYM
arjefm-79	114	28	gdp	gdp	PROPN
arjefm-79	114	29	,	,	PUNCT
arjefm-79	114	30	primary	primary	ADJ
arjefm-79	114	31	balance	balance	NOUN
arjefm-79	114	32	,	,	PUNCT
arjefm-79	114	33	and	and	CCONJ
arjefm-79	114	34	primary	primary	ADJ
arjefm-79	114	35	balance	balance	NOUN
arjefm-79	114	36	/	/	SYM
arjefm-79	114	37	gdp	gdp	NOUN
arjefm-79	114	38	criteria	criterion	NOUN
arjefm-79	114	39	with	with	ADP
arjefm-79	114	40	both	both	DET
arjefm-79	114	41	adf	adf	PROPN
arjefm-79	114	42	unit	unit	NOUN
arjefm-79	114	43	root	root	NOUN
arjefm-79	114	44	tests	test	NOUN
arjefm-79	114	45	and	and	CCONJ
arjefm-79	114	46	co	co	NOUN
arjefm-79	114	47	-	-	NOUN
arjefm-79	114	48	integration	integration	NOUN
arjefm-79	114	49	analysis	analysis	NOUN
arjefm-79	114	50	.	.	PUNCT
arjefm-79	115	1	the	the	DET
arjefm-79	115	2	results	result	NOUN
arjefm-79	115	3	found	find	VERB
arjefm-79	115	4	by	by	ADP
arjefm-79	115	5	göktan	göktan	PROPN
arjefm-79	115	6	(	(	PUNCT
arjefm-79	115	7	2008	2008	NUM
arjefm-79	115	8	)	)	PUNCT
arjefm-79	115	9	showed	show	VERB
arjefm-79	115	10	that	that	SCONJ
arjefm-79	115	11	turkey	turkey	NOUN
arjefm-79	115	12	did	do	AUX
arjefm-79	115	13	not	not	PART
arjefm-79	115	14	have	have	VERB
arjefm-79	115	15	fiscal	fiscal	ADJ
arjefm-79	115	16	sustainability	sustainability	NOUN
arjefm-79	115	17	in	in	ADP
arjefm-79	115	18	the	the	DET
arjefm-79	115	19	examined	examine	VERB
arjefm-79	115	20	period	period	NOUN
arjefm-79	115	21	.	.	PUNCT
arjefm-79	116	1	on	on	ADP
arjefm-79	116	2	the	the	DET
arjefm-79	116	3	other	other	ADJ
arjefm-79	116	4	hand	hand	NOUN
arjefm-79	116	5	,	,	PUNCT
arjefm-79	116	6	aslan	aslan	PROPN
arjefm-79	116	7	examined	examine	VERB
arjefm-79	116	8	the	the	DET
arjefm-79	116	9	sustainability	sustainability	NOUN
arjefm-79	116	10	of	of	ADP
arjefm-79	116	11	the	the	DET
arjefm-79	116	12	budget	budget	NOUN
arjefm-79	116	13	deficits	deficit	NOUN
arjefm-79	116	14	on	on	ADP
arjefm-79	116	15	both	both	CCONJ
arjefm-79	116	16	a	a	DET
arjefm-79	116	17	monthly	monthly	ADJ
arjefm-79	116	18	(	(	PUNCT
arjefm-79	116	19	2006:1	2006:1	NUM
arjefm-79	116	20	,	,	PUNCT
arjefm-79	116	21	2009:6	2009:6	NUM
arjefm-79	116	22	)	)	PUNCT
arjefm-79	116	23	and	and	CCONJ
arjefm-79	116	24	a	a	DET
arjefm-79	116	25	yearly	yearly	ADJ
arjefm-79	116	26	(	(	PUNCT
arjefm-79	116	27	1980	1980	NUM
arjefm-79	116	28	-	-	SYM
arjefm-79	116	29	2005	2005	NUM
arjefm-79	116	30	)	)	PUNCT
arjefm-79	116	31	basis	basis	NOUN
arjefm-79	116	32	and	and	CCONJ
arjefm-79	116	33	employed	employ	VERB
arjefm-79	116	34	adf	adf	PROPN
arjefm-79	116	35	unit	unit	NOUN
arjefm-79	116	36	root	root	NOUN
arjefm-79	116	37	tests	test	NOUN
arjefm-79	116	38	and	and	CCONJ
arjefm-79	116	39	co	co	NOUN
arjefm-79	116	40	-	-	NOUN
arjefm-79	116	41	integration	integration	NOUN
arjefm-79	116	42	analysis	analysis	NOUN
arjefm-79	116	43	.	.	PUNCT
arjefm-79	117	1	the	the	DET
arjefm-79	117	2	findings	finding	NOUN
arjefm-79	117	3	showed	show	VERB
arjefm-79	117	4	that	that	SCONJ
arjefm-79	117	5	budget	budget	NOUN
arjefm-79	117	6	deficits	deficit	NOUN
arjefm-79	117	7	in	in	ADP
arjefm-79	117	8	turkey	turkey	NOUN
arjefm-79	117	9	were	be	AUX
arjefm-79	117	10	sustainable	sustainable	ADJ
arjefm-79	117	11	when	when	SCONJ
arjefm-79	117	12	analyzed	analyze	VERB
arjefm-79	117	13	on	on	ADP
arjefm-79	117	14	a	a	DET
arjefm-79	117	15	monthly	monthly	ADJ
arjefm-79	117	16	basis	basis	NOUN
arjefm-79	117	17	,	,	PUNCT
arjefm-79	117	18	but	but	CCONJ
arjefm-79	117	19	not	not	PART
arjefm-79	117	20	on	on	ADP
arjefm-79	117	21	a	a	DET
arjefm-79	117	22	yearly	yearly	ADJ
arjefm-79	117	23	basis	basis	NOUN
arjefm-79	117	24	.	.	PUNCT
arjefm-79	118	1	in	in	ADP
arjefm-79	118	2	both	both	DET
arjefm-79	118	3	analyses	analysis	NOUN
arjefm-79	118	4	,	,	PUNCT
arjefm-79	118	5	standard	standard	ADJ
arjefm-79	118	6	adf	adf	PROPN
arjefm-79	118	7	unit	unit	NOUN
arjefm-79	118	8	root	root	NOUN
arjefm-79	118	9	tests	test	NOUN
arjefm-79	118	10	and	and	CCONJ
arjefm-79	118	11	co	co	NOUN
arjefm-79	118	12	-	-	NOUN
arjefm-79	118	13	integration	integration	NOUN
arjefm-79	118	14	analysis	analysis	NOUN
arjefm-79	118	15	were	be	AUX
arjefm-79	118	16	employed	employ	VERB
arjefm-79	118	17	and	and	CCONJ
arjefm-79	118	18	non	non	ADJ
arjefm-79	118	19	-	-	ADJ
arjefm-79	118	20	consistent	consistent	ADJ
arjefm-79	118	21	results	result	NOUN
arjefm-79	118	22	were	be	AUX
arjefm-79	118	23	found	find	VERB
arjefm-79	118	24	.	.	PUNCT
arjefm-79	119	1	ucal	ucal	ADJ
arjefm-79	119	2	and	and	CCONJ
arjefm-79	119	3	alıcı	alıcı	PROPN
arjefm-79	119	4	(	(	PUNCT
arjefm-79	119	5	2010	2010	NUM
arjefm-79	119	6	)	)	PUNCT
arjefm-79	119	7	used	use	VERB
arjefm-79	119	8	quarterly	quarterly	ADJ
arjefm-79	119	9	data	datum	NOUN
arjefm-79	119	10	of	of	ADP
arjefm-79	119	11	the	the	DET
arjefm-79	119	12	periods	period	NOUN
arjefm-79	119	13	of	of	ADP
arjefm-79	119	14	1989:1	1989:1	NUM
arjefm-79	119	15	-	-	PUNCT
arjefm-79	119	16	2000:12	2000:12	NUM
arjefm-79	119	17	,	,	PUNCT
arjefm-79	119	18	1989:1	1989:1	NUM
arjefm-79	119	19	-	-	SYM
arjefm-79	119	20	2008:12	2008:12	NUM
arjefm-79	119	21	,	,	PUNCT
arjefm-79	119	22	and	and	CCONJ
arjefm-79	119	23	2001:12008:2	2001:12008:2	NUM
arjefm-79	119	24	and	and	CCONJ
arjefm-79	119	25	examined	examine	VERB
arjefm-79	119	26	fiscal	fiscal	ADJ
arjefm-79	119	27	sustainability	sustainability	NOUN
arjefm-79	119	28	with	with	ADP
arjefm-79	119	29	budget	budget	NOUN
arjefm-79	119	30	revenues	revenue	NOUN
arjefm-79	119	31	,	,	PUNCT
arjefm-79	119	32	budget	budget	NOUN
arjefm-79	119	33	expenses	expense	NOUN
arjefm-79	119	34	,	,	PUNCT
arjefm-79	119	35	interest	interest	NOUN
arjefm-79	119	36	payments	payment	NOUN
arjefm-79	119	37	,	,	PUNCT
arjefm-79	119	38	and	and	CCONJ
arjefm-79	119	39	debt	debt	NOUN
arjefm-79	119	40	stock	stock	NOUN
arjefm-79	119	41	data	datum	NOUN
arjefm-79	119	42	by	by	ADP
arjefm-79	119	43	employing	employ	VERB
arjefm-79	119	44	unit	unit	NOUN
arjefm-79	119	45	root	root	NOUN
arjefm-79	119	46	and	and	CCONJ
arjefm-79	119	47	co	co	NOUN
arjefm-79	119	48	-	-	NOUN
arjefm-79	119	49	integration	integration	NOUN
arjefm-79	119	50	tests	test	NOUN
arjefm-79	119	51	.	.	PUNCT
arjefm-79	120	1	they	they	PRON
arjefm-79	120	2	found	find	VERB
arjefm-79	120	3	that	that	SCONJ
arjefm-79	120	4	fiscal	fiscal	ADJ
arjefm-79	120	5	sustainability	sustainability	NOUN
arjefm-79	120	6	was	be	AUX
arjefm-79	120	7	weak	weak	ADJ
arjefm-79	120	8	in	in	ADP
arjefm-79	120	9	the	the	DET
arjefm-79	120	10	periods	period	NOUN
arjefm-79	120	11	of	of	ADP
arjefm-79	120	12	1989:1	1989:1	NUM
arjefm-79	120	13	-	-	PUNCT
arjefm-79	120	14	2000:12	2000:12	NUM
arjefm-79	120	15	and	and	CCONJ
arjefm-79	120	16	1989:1	1989:1	NUM
arjefm-79	120	17	-	-	PUNCT
arjefm-79	120	18	2008:12	2008:12	NUM
arjefm-79	120	19	,	,	PUNCT
arjefm-79	120	20	while	while	SCONJ
arjefm-79	120	21	it	it	PRON
arjefm-79	120	22	was	be	AUX
arjefm-79	120	23	strong	strong	ADJ
arjefm-79	120	24	in	in	ADP
arjefm-79	120	25	2001:1	2001:1	NUM
arjefm-79	120	26	-	-	PUNCT
arjefm-79	120	27	2008:12	2008:12	NUM
arjefm-79	120	28	.	.	PUNCT
arjefm-79	121	1	şen	şen	NUM
arjefm-79	121	2	,	,	PUNCT
arjefm-79	121	3	sağbaş	sağbaş	NOUN
arjefm-79	121	4	,	,	PUNCT
arjefm-79	121	5	and	and	CCONJ
arjefm-79	121	6	keskin	keskin	PROPN
arjefm-79	121	7	(	(	PUNCT
arjefm-79	121	8	2010	2010	NUM
arjefm-79	121	9	)	)	PUNCT
arjefm-79	121	10	used	use	VERB
arjefm-79	121	11	yearly	yearly	ADJ
arjefm-79	121	12	data	datum	NOUN
arjefm-79	121	13	of	of	ADP
arjefm-79	121	14	1975	1975	NUM
arjefm-79	121	15	-	-	SYM
arjefm-79	121	16	2007	2007	NUM
arjefm-79	121	17	and	and	CCONJ
arjefm-79	121	18	examined	examine	VERB
arjefm-79	121	19	fiscal	fiscal	ADJ
arjefm-79	121	20	sustainability	sustainability	NOUN
arjefm-79	121	21	with	with	ADP
arjefm-79	121	22	the	the	DET
arjefm-79	121	23	variables	variable	NOUN
arjefm-79	121	24	of	of	ADP
arjefm-79	121	25	budget	budget	NOUN
arjefm-79	121	26	deficit	deficit	NOUN
arjefm-79	121	27	,	,	PUNCT
arjefm-79	121	28	debt	debt	NOUN
arjefm-79	121	29	stock	stock	NOUN
arjefm-79	121	30	,	,	PUNCT
arjefm-79	121	31	budget	budget	NOUN
arjefm-79	121	32	revenues	revenue	NOUN
arjefm-79	121	33	,	,	PUNCT
arjefm-79	121	34	and	and	CCONJ
arjefm-79	121	35	budget	budget	NOUN
arjefm-79	121	36	expenses	expense	NOUN
arjefm-79	121	37	by	by	ADP
arjefm-79	121	38	employing	employ	VERB
arjefm-79	121	39	both	both	PRON
arjefm-79	121	40	adf	adf	NOUN
arjefm-79	121	41	and	and	CCONJ
arjefm-79	121	42	pp	pp	PROPN
arjefm-79	121	43	unit	unit	NOUN
arjefm-79	121	44	root	root	NOUN
arjefm-79	121	45	tests	test	NOUN
arjefm-79	121	46	and	and	CCONJ
arjefm-79	121	47	a	a	DET
arjefm-79	121	48	cointegration	cointegration	NOUN
arjefm-79	121	49	test	test	NOUN
arjefm-79	121	50	.	.	PUNCT
arjefm-79	122	1	they	they	PRON
arjefm-79	122	2	found	find	VERB
arjefm-79	122	3	that	that	SCONJ
arjefm-79	122	4	fiscal	fiscal	ADJ
arjefm-79	122	5	sustainability	sustainability	NOUN
arjefm-79	122	6	was	be	AUX
arjefm-79	122	7	not	not	PART
arjefm-79	122	8	ensured	ensure	VERB
arjefm-79	122	9	in	in	ADP
arjefm-79	122	10	the	the	DET
arjefm-79	122	11	period	period	NOUN
arjefm-79	122	12	of	of	ADP
arjefm-79	122	13	1975	1975	NUM
arjefm-79	122	14	-	-	SYM
arjefm-79	122	15	2007	2007	NUM
arjefm-79	122	16	.	.	PUNCT
arjefm-79	123	1	hepsağ	hepsağ	PROPN
arjefm-79	123	2	(	(	PUNCT
arjefm-79	123	3	2011	2011	NUM
arjefm-79	123	4	)	)	PUNCT
arjefm-79	123	5	used	use	VERB
arjefm-79	123	6	the	the	DET
arjefm-79	123	7	quarterly	quarterly	ADJ
arjefm-79	123	8	data	datum	NOUN
arjefm-79	123	9	of	of	ADP
arjefm-79	123	10	1990:1	1990:1	NUM
arjefm-79	123	11	-	-	PUNCT
arjefm-79	123	12	2008:4	2008:4	NOUN
arjefm-79	123	13	and	and	CCONJ
arjefm-79	123	14	examined	examine	VERB
arjefm-79	123	15	fiscal	fiscal	ADJ
arjefm-79	123	16	sustainability	sustainability	NOUN
arjefm-79	123	17	with	with	ADP
arjefm-79	123	18	debt	debt	NOUN
arjefm-79	123	19	stock	stock	NOUN
arjefm-79	123	20	/	/	SYM
arjefm-79	123	21	gdp	gdp	NOUN
arjefm-79	123	22	data	datum	NOUN
arjefm-79	123	23	by	by	ADP
arjefm-79	123	24	employing	employ	VERB
arjefm-79	123	25	a	a	DET
arjefm-79	123	26	periodic	periodic	ADJ
arjefm-79	123	27	unit	unit	NOUN
arjefm-79	123	28	root	root	NOUN
arjefm-79	123	29	test	test	NOUN
arjefm-79	123	30	with	with	ADP
arjefm-79	123	31	structural	structural	ADJ
arjefm-79	123	32	break	break	NOUN
arjefm-79	123	33	and	and	CCONJ
arjefm-79	123	34	found	find	VERB
arjefm-79	123	35	that	that	SCONJ
arjefm-79	123	36	fiscal	fiscal	ADJ
arjefm-79	123	37	sustainability	sustainability	NOUN
arjefm-79	123	38	was	be	AUX
arjefm-79	123	39	not	not	PART
arjefm-79	123	40	ensured	ensure	VERB
arjefm-79	123	41	.	.	PUNCT
arjefm-79	124	1	3	3	X
arjefm-79	124	2	.	.	X
arjefm-79	124	3	data	datum	NOUN
arjefm-79	124	4	and	and	CCONJ
arjefm-79	124	5	methodology	methodology	NOUN
arjefm-79	124	6	in	in	ADP
arjefm-79	124	7	this	this	DET
arjefm-79	124	8	study	study	NOUN
arjefm-79	124	9	,	,	PUNCT
arjefm-79	124	10	quarterly	quarterly	ADJ
arjefm-79	124	11	data	datum	NOUN
arjefm-79	124	12	on	on	ADP
arjefm-79	124	13	the	the	DET
arjefm-79	124	14	variables	variable	NOUN
arjefm-79	124	15	of	of	ADP
arjefm-79	124	16	eu	eu	PROPN
arjefm-79	124	17	-	-	ADJ
arjefm-79	124	18	defined	define	VERB
arjefm-79	124	19	general	general	ADJ
arjefm-79	124	20	government	government	NOUN
arjefm-79	124	21	debt	debt	NOUN
arjefm-79	124	22	stock	stock	NOUN
arjefm-79	124	23	/	/	SYM
arjefm-79	124	24	gdp	gdp	PROPN
arjefm-79	124	25	,	,	PUNCT
arjefm-79	124	26	public	public	ADJ
arjefm-79	124	27	net	net	ADJ
arjefm-79	124	28	debt	debt	NOUN
arjefm-79	124	29	stock	stock	NOUN
arjefm-79	124	30	/	/	SYM
arjefm-79	124	31	gdp	gdp	PROPN
arjefm-79	124	32	,	,	PUNCT
arjefm-79	124	33	net	net	ADJ
arjefm-79	124	34	external	external	ADJ
arjefm-79	124	35	debt	debt	NOUN
arjefm-79	124	36	stock	stock	NOUN
arjefm-79	124	37	/	/	SYM
arjefm-79	124	38	gdp	gdp	PROPN
arjefm-79	124	39	,	,	PUNCT
arjefm-79	124	40	non	non	ADJ
arjefm-79	124	41	-	-	ADJ
arjefm-79	124	42	financial	financial	ADJ
arjefm-79	124	43	private	private	ADJ
arjefm-79	124	44	sector	sector	NOUN
arjefm-79	124	45	loan	loan	NOUN
arjefm-79	124	46	usage	usage	NOUN
arjefm-79	124	47	/	/	SYM
arjefm-79	124	48	gdp	gdp	NOUN
arjefm-79	124	49	,	,	PUNCT
arjefm-79	124	50	gdp	gdp	NOUN
arjefm-79	124	51	growth	growth	NOUN
arjefm-79	124	52	,	,	PUNCT
arjefm-79	124	53	real	real	ADJ
arjefm-79	124	54	interest	interest	NOUN
arjefm-79	124	55	rates	rate	NOUN
arjefm-79	124	56	of	of	ADP
arjefm-79	124	57	commercial	commercial	ADJ
arjefm-79	124	58	credits	credit	NOUN
arjefm-79	124	59	,	,	PUNCT
arjefm-79	124	60	and	and	CCONJ
arjefm-79	124	61	real	real	ADJ
arjefm-79	124	62	interest	interest	NOUN
arjefm-79	124	63	rate	rate	NOUN
arjefm-79	124	64	of	of	ADP
arjefm-79	124	65	government	government	NOUN
arjefm-79	124	66	domestic	domestic	ADJ
arjefm-79	124	67	debt	debt	NOUN
arjefm-79	124	68	securities	security	NOUN
arjefm-79	124	69	/	/	SYM
arjefm-79	124	70	gdp	gdp	NOUN
arjefm-79	124	71	were	be	AUX
arjefm-79	124	72	used	use	VERB
arjefm-79	124	73	to	to	PART
arjefm-79	124	74	examine	examine	VERB
arjefm-79	124	75	financial	financial	ADJ
arjefm-79	124	76	sustainability	sustainability	NOUN
arjefm-79	124	77	.	.	PUNCT
arjefm-79	125	1	the	the	DET
arjefm-79	125	2	eudefined	eudefine	VERB
arjefm-79	125	3	general	general	ADJ
arjefm-79	125	4	government	government	NOUN
arjefm-79	125	5	debt	debt	NOUN
arjefm-79	125	6	stock	stock	NOUN
arjefm-79	125	7	/	/	SYM
arjefm-79	125	8	gdp	gdp	NOUN
arjefm-79	125	9	data	datum	NOUN
arjefm-79	125	10	were	be	AUX
arjefm-79	125	11	limited	limit	VERB
arjefm-79	125	12	to	to	ADP
arjefm-79	125	13	the	the	DET
arjefm-79	125	14	period	period	NOUN
arjefm-79	125	15	of	of	ADP
arjefm-79	125	16	2006:1	2006:1	NUM
arjefm-79	125	17	-	-	SYM
arjefm-79	125	18	2018:4	2018:4	NUM
arjefm-79	125	19	,	,	PUNCT
arjefm-79	125	20	since	since	SCONJ
arjefm-79	125	21	only	only	ADV
arjefm-79	125	22	data	datum	NOUN
arjefm-79	125	23	for	for	ADP
arjefm-79	125	24	this	this	DET
arjefm-79	125	25	period	period	NOUN
arjefm-79	125	26	were	be	AUX
arjefm-79	125	27	published	publish	VERB
arjefm-79	125	28	;	;	PUNCT
arjefm-79	125	29	all	all	DET
arjefm-79	125	30	the	the	DET
arjefm-79	125	31	other	other	ADJ
arjefm-79	125	32	data	datum	NOUN
arjefm-79	125	33	span	span	VERB
arjefm-79	125	34	the	the	DET
arjefm-79	125	35	period	period	NOUN
arjefm-79	125	36	of	of	ADP
arjefm-79	125	37	2002:1	2002:1	NUM
arjefm-79	125	38	-	-	PUNCT
arjefm-79	125	39	2018:4	2018:4	NOUN
arjefm-79	125	40	.	.	PUNCT
arjefm-79	126	1	table	table	NOUN
arjefm-79	126	2	1	1	NUM
arjefm-79	126	3	shows	show	VERB
arjefm-79	126	4	the	the	DET
arjefm-79	126	5	variables	variable	NOUN
arjefm-79	126	6	used	use	VERB
arjefm-79	126	7	in	in	ADP
arjefm-79	126	8	this	this	DET
arjefm-79	126	9	study	study	NOUN
arjefm-79	126	10	,	,	PUNCT
arjefm-79	126	11	their	their	PRON
arjefm-79	126	12	abbreviations	abbreviation	NOUN
arjefm-79	126	13	,	,	PUNCT
arjefm-79	126	14	and	and	CCONJ
arjefm-79	126	15	the	the	DET
arjefm-79	126	16	sources	source	NOUN
arjefm-79	126	17	of	of	ADP
arjefm-79	126	18	the	the	DET
arjefm-79	126	19	obtained	obtain	VERB
arjefm-79	126	20	data	datum	NOUN
arjefm-79	126	21	.	.	PUNCT
arjefm-79	127	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	127	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	128	1	american	american	PROPN
arjefm-79	128	2	research	research	PROPN
arjefm-79	128	3	journal	journal	PROPN
arjefm-79	128	4	of	of	ADP
arjefm-79	128	5	economics	economic	NOUN
arjefm-79	128	6	,	,	PUNCT
arjefm-79	128	7	finance	finance	NOUN
arjefm-79	128	8	and	and	CCONJ
arjefm-79	128	9	management	management	NOUN
arjefm-79	128	10	volume	volume	NOUN
arjefm-79	128	11	11	11	NUM
arjefm-79	128	12	issue	issue	NOUN
arjefm-79	128	13	1	1	NUM
arjefm-79	128	14	,	,	PUNCT
arjefm-79	128	15	january	january	PROPN
arjefm-79	128	16	-	-	PUNCT
arjefm-79	128	17	march	march	PROPN
arjefm-79	128	18	2023	2023	NUM
arjefm-79	128	19	issn	issn	NOUN
arjefm-79	128	20	:	:	PUNCT
arjefm-79	128	21	2836	2836	NUM
arjefm-79	128	22	-	-	SYM
arjefm-79	128	23	9416	9416	NUM
arjefm-79	128	24	impact	impact	NOUN
arjefm-79	128	25	factor	factor	NOUN
arjefm-79	128	26	:	:	PUNCT
arjefm-79	128	27	5.57	5.57	NUM
arjefm-79	128	28	journal	journal	NOUN
arjefm-79	128	29	homepage	homepage	NOUN
arjefm-79	128	30	:	:	PUNCT
arjefm-79	128	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	128	32	,	,	PUNCT
arjefm-79	128	33	email	email	NOUN
arjefm-79	128	34	:	:	PUNCT
arjefm-79	129	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	129	2	official	official	ADJ
arjefm-79	129	3	journal	journal	PROPN
arjefm-79	129	4	of	of	ADP
arjefm-79	129	5	america	america	PROPN
arjefm-79	129	6	serial	serial	PROPN
arjefm-79	129	7	publication	publication	NOUN
arjefm-79	129	8	american	american	PROPN
arjefm-79	129	9	research	research	PROPN
arjefm-79	129	10	journal	journal	PROPN
arjefm-79	129	11	of	of	ADP
arjefm-79	129	12	economics	economic	NOUN
arjefm-79	129	13	,	,	PUNCT
arjefm-79	129	14	finance	finance	NOUN
arjefm-79	129	15	and	and	CCONJ
arjefm-79	129	16	management	management	NOUN
arjefm-79	129	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	129	18	,	,	PUNCT
arjefm-79	129	19	email	email	NOUN
arjefm-79	129	20	:	:	PUNCT
arjefm-79	129	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	130	1	66	66	NUM
arjefm-79	131	1	|	|	ADV
arjefm-79	131	2	p	p	X
arjefm-79	131	3	a	a	DET
arjefm-79	131	4	g	g	NOUN
arjefm-79	131	5	e	e	NOUN
arjefm-79	131	6	table	table	NOUN
arjefm-79	131	7	1	1	NUM
arjefm-79	131	8	.	.	PUNCT
arjefm-79	131	9	variable	variable	ADJ
arjefm-79	131	10	description	description	NOUN
arjefm-79	131	11	variable	variable	ADJ
arjefm-79	131	12	definition	definition	NOUN
arjefm-79	131	13	source	source	NOUN
arjefm-79	131	14	nfprivatesectorloan	nfprivatesectorloan	PROPN
arjefm-79	131	15	non	non	ADJ
arjefm-79	131	16	-	-	ADJ
arjefm-79	131	17	financial	financial	ADJ
arjefm-79	131	18	private	private	ADJ
arjefm-79	131	19	sector	sector	NOUN
arjefm-79	131	20	loan	loan	NOUN
arjefm-79	131	21	usage	usage	NOUN
arjefm-79	131	22	/	/	SYM
arjefm-79	131	23	gdp	gdp	NOUN
arjefm-79	131	24	the	the	DET
arjefm-79	131	25	central	central	ADJ
arjefm-79	131	26	bank	bank	NOUN
arjefm-79	131	27	of	of	ADP
arjefm-79	131	28	the	the	DET
arjefm-79	131	29	republic	republic	NOUN
arjefm-79	131	30	of	of	ADP
arjefm-79	131	31	turkey	turkey	PROPN
arjefm-79	131	32	eudefinedgovdeptstock	eudefinedgovdeptstock	NOUN
arjefm-79	131	33	eu	eu	PROPN
arjefm-79	131	34	-	-	PUNCT
arjefm-79	131	35	defined	define	VERB
arjefm-79	131	36	general	general	ADJ
arjefm-79	131	37	government	government	NOUN
arjefm-79	131	38	debt	debt	NOUN
arjefm-79	131	39	stock	stock	NOUN
arjefm-79	131	40	/	/	SYM
arjefm-79	131	41	gdp	gdp	PROPN
arjefm-79	131	42	ministry	ministry	PROPN
arjefm-79	131	43	of	of	ADP
arjefm-79	131	44	treasury	treasury	PROPN
arjefm-79	131	45	and	and	CCONJ
arjefm-79	131	46	finance	finance	PROPN
arjefm-79	131	47	pubnetdeptstock	pubnetdeptstock	NOUN
arjefm-79	131	48	public	public	ADJ
arjefm-79	131	49	net	net	ADJ
arjefm-79	131	50	dept	dept	NOUN
arjefm-79	131	51	stock	stock	PROPN
arjefm-79	131	52	/	/	SYM
arjefm-79	131	53	gdp	gdp	PROPN
arjefm-79	131	54	ministry	ministry	PROPN
arjefm-79	131	55	of	of	ADP
arjefm-79	131	56	treasury	treasury	PROPN
arjefm-79	131	57	and	and	CCONJ
arjefm-79	131	58	finance	finance	NOUN
arjefm-79	131	59	netextdpetstock	netextdpetstock	NOUN
arjefm-79	131	60	net	net	ADJ
arjefm-79	131	61	external	external	ADJ
arjefm-79	131	62	debt	debt	NOUN
arjefm-79	131	63	stock	stock	NOUN
arjefm-79	131	64	/	/	SYM
arjefm-79	131	65	gdp	gdp	PROPN
arjefm-79	131	66	ministry	ministry	PROPN
arjefm-79	131	67	of	of	ADP
arjefm-79	131	68	treasury	treasury	PROPN
arjefm-79	131	69	and	and	CCONJ
arjefm-79	131	70	finance	finance	PROPN
arjefm-79	131	71	gdpgrowth	gdpgrowth	PROPN
arjefm-79	131	72	gdp	gdp	PROPN
arjefm-79	131	73	growth	growth	NOUN
arjefm-79	131	74	turkish	turkish	ADJ
arjefm-79	131	75	statistical	statistical	ADJ
arjefm-79	131	76	institute	institute	NOUN
arjefm-79	131	77	rircomcredits	rircomcredit	VERB
arjefm-79	131	78	real	real	ADJ
arjefm-79	131	79	interest	interest	NOUN
arjefm-79	131	80	rate	rate	NOUN
arjefm-79	131	81	of	of	ADP
arjefm-79	131	82	commercial	commercial	ADJ
arjefm-79	131	83	credits	credit	NOUN
arjefm-79	131	84	generated	generate	VERB
arjefm-79	131	85	from	from	ADP
arjefm-79	131	86	data	datum	NOUN
arjefm-79	131	87	of	of	ADP
arjefm-79	131	88	turkish	turkish	ADJ
arjefm-79	131	89	statistical	statistical	ADJ
arjefm-79	131	90	institute	institute	NOUN
arjefm-79	131	91	and	and	CCONJ
arjefm-79	131	92	the	the	DET
arjefm-79	131	93	central	central	ADJ
arjefm-79	131	94	bank	bank	NOUN
arjefm-79	131	95	of	of	ADP
arjefm-79	131	96	the	the	DET
arjefm-79	131	97	republic	republic	NOUN
arjefm-79	131	98	of	of	ADP
arjefm-79	131	99	turkey	turkey	PROPN
arjefm-79	131	100	rirgovdomdeptsec	rirgovdomdeptsec	PROPN
arjefm-79	131	101	real	real	ADJ
arjefm-79	131	102	interest	interest	NOUN
arjefm-79	131	103	rate	rate	NOUN
arjefm-79	131	104	of	of	ADP
arjefm-79	131	105	government	government	NOUN
arjefm-79	131	106	domestic	domestic	ADJ
arjefm-79	131	107	dept	dept	NOUN
arjefm-79	131	108	securities	security	NOUN
arjefm-79	131	109	generated	generate	VERB
arjefm-79	131	110	from	from	ADP
arjefm-79	131	111	data	datum	NOUN
arjefm-79	131	112	of	of	ADP
arjefm-79	131	113	turkish	turkish	ADJ
arjefm-79	131	114	statistical	statistical	ADJ
arjefm-79	131	115	institute	institute	NOUN
arjefm-79	131	116	and	and	CCONJ
arjefm-79	131	117	bloomberg	bloomberg	PROPN
arjefm-79	131	118	terminal	terminal	PROPN
arjefm-79	131	119	even	even	ADV
arjefm-79	131	120	though	though	SCONJ
arjefm-79	131	121	schwarz	schwarz	PROPN
arjefm-79	131	122	(	(	PUNCT
arjefm-79	131	123	1978	1978	NUM
arjefm-79	131	124	)	)	PUNCT
arjefm-79	131	125	claimed	claim	VERB
arjefm-79	131	126	that	that	SCONJ
arjefm-79	131	127	the	the	DET
arjefm-79	131	128	adf	adf	PROPN
arjefm-79	131	129	test	test	NOUN
arjefm-79	131	130	is	be	AUX
arjefm-79	131	131	the	the	DET
arjefm-79	131	132	best	good	ADJ
arjefm-79	131	133	unit	unit	NOUN
arjefm-79	131	134	root	root	NOUN
arjefm-79	131	135	test	test	NOUN
arjefm-79	131	136	,	,	PUNCT
arjefm-79	131	137	campbell	campbell	PROPN
arjefm-79	131	138	and	and	CCONJ
arjefm-79	131	139	perron	perron	PROPN
arjefm-79	131	140	(	(	PUNCT
arjefm-79	131	141	1991	1991	NUM
arjefm-79	131	142	)	)	PUNCT
arjefm-79	131	143	proved	prove	VERB
arjefm-79	131	144	that	that	SCONJ
arjefm-79	131	145	adf	adf	NOUN
arjefm-79	131	146	tests	test	NOUN
arjefm-79	131	147	are	be	AUX
arjefm-79	131	148	liable	liable	ADJ
arjefm-79	131	149	to	to	PART
arjefm-79	131	150	lag	lag	VERB
arjefm-79	131	151	length	length	NOUN
arjefm-79	131	152	and	and	CCONJ
arjefm-79	131	153	suggested	suggest	VERB
arjefm-79	131	154	that	that	SCONJ
arjefm-79	131	155	tests	test	NOUN
arjefm-79	131	156	be	be	AUX
arjefm-79	131	157	chosen	choose	VERB
arjefm-79	131	158	in	in	ADP
arjefm-79	131	159	accordance	accordance	NOUN
arjefm-79	131	160	with	with	ADP
arjefm-79	131	161	suitable	suitable	ADJ
arjefm-79	131	162	lag	lag	NOUN
arjefm-79	131	163	lengths	length	NOUN
arjefm-79	131	164	.	.	PUNCT
arjefm-79	132	1	furthermore	furthermore	ADV
arjefm-79	132	2	,	,	PUNCT
arjefm-79	132	3	structural	structural	ADJ
arjefm-79	132	4	breaks	break	NOUN
arjefm-79	132	5	interpreted	interpret	VERB
arjefm-79	132	6	as	as	ADP
arjefm-79	132	7	changes	change	NOUN
arjefm-79	132	8	in	in	ADP
arjefm-79	132	9	the	the	DET
arjefm-79	132	10	parameter	parameter	NOUN
arjefm-79	132	11	can	can	AUX
arjefm-79	132	12	affect	affect	VERB
arjefm-79	132	13	the	the	DET
arjefm-79	132	14	intercept	intercept	NOUN
arjefm-79	132	15	term	term	NOUN
arjefm-79	132	16	and	and	CCONJ
arjefm-79	132	17	slope	slope	NOUN
arjefm-79	132	18	parameter	parameter	NOUN
arjefm-79	132	19	in	in	ADP
arjefm-79	132	20	the	the	DET
arjefm-79	132	21	time	time	NOUN
arjefm-79	132	22	series	series	NOUN
arjefm-79	132	23	for	for	ADP
arjefm-79	132	24	the	the	DET
arjefm-79	132	25	subperiods	subperiod	NOUN
arjefm-79	132	26	.	.	PUNCT
arjefm-79	133	1	the	the	DET
arjefm-79	133	2	probability	probability	NOUN
arjefm-79	133	3	of	of	ADP
arjefm-79	133	4	faulty	faulty	ADJ
arjefm-79	133	5	results	result	NOUN
arjefm-79	133	6	increases	increase	NOUN
arjefm-79	133	7	in	in	ADP
arjefm-79	133	8	unit	unit	NOUN
arjefm-79	133	9	root	root	NOUN
arjefm-79	133	10	tests	test	NOUN
arjefm-79	133	11	carried	carry	VERB
arjefm-79	133	12	out	out	ADP
arjefm-79	133	13	without	without	ADP
arjefm-79	133	14	taking	take	VERB
arjefm-79	133	15	these	these	DET
arjefm-79	133	16	breaks	break	NOUN
arjefm-79	133	17	into	into	ADP
arjefm-79	133	18	account	account	NOUN
arjefm-79	133	19	.	.	PUNCT
arjefm-79	134	1	perron	perron	PROPN
arjefm-79	134	2	(	(	PUNCT
arjefm-79	134	3	1989	1989	NUM
arjefm-79	134	4	)	)	PUNCT
arjefm-79	134	5	suggested	suggest	VERB
arjefm-79	134	6	adding	add	VERB
arjefm-79	134	7	structural	structural	ADJ
arjefm-79	134	8	breaks	break	NOUN
arjefm-79	134	9	into	into	ADP
arjefm-79	134	10	unit	unit	NOUN
arjefm-79	134	11	root	root	NOUN
arjefm-79	134	12	tests	test	NOUN
arjefm-79	134	13	with	with	ADP
arjefm-79	134	14	the	the	DET
arjefm-79	134	15	help	help	NOUN
arjefm-79	134	16	of	of	ADP
arjefm-79	134	17	dummy	dummy	ADJ
arjefm-79	134	18	variables	variable	NOUN
arjefm-79	134	19	as	as	ADP
arjefm-79	134	20	a	a	DET
arjefm-79	134	21	solution	solution	NOUN
arjefm-79	134	22	for	for	ADP
arjefm-79	134	23	this	this	DET
arjefm-79	134	24	problem	problem	NOUN
arjefm-79	134	25	.	.	PUNCT
arjefm-79	135	1	perron	perron	PROPN
arjefm-79	135	2	(	(	PUNCT
arjefm-79	135	3	1989	1989	NUM
arjefm-79	135	4	)	)	PUNCT
arjefm-79	135	5	determined	determine	VERB
arjefm-79	135	6	the	the	DET
arjefm-79	135	7	date	date	NOUN
arjefm-79	135	8	break	break	NOUN
arjefm-79	135	9	as	as	ADP
arjefm-79	135	10	external	external	ADJ
arjefm-79	135	11	,	,	PUNCT
arjefm-79	135	12	but	but	CCONJ
arjefm-79	135	13	later	later	ADV
arjefm-79	135	14	,	,	PUNCT
arjefm-79	135	15	approaching	approach	VERB
arjefm-79	135	16	this	this	DET
arjefm-79	135	17	situation	situation	NOUN
arjefm-79	135	18	critically	critically	ADV
arjefm-79	135	19	,	,	PUNCT
arjefm-79	135	20	tests	test	NOUN
arjefm-79	135	21	were	be	AUX
arjefm-79	135	22	developed	develop	VERB
arjefm-79	135	23	in	in	ADP
arjefm-79	135	24	which	which	PRON
arjefm-79	135	25	date	date	NOUN
arjefm-79	135	26	break	break	NOUN
arjefm-79	135	27	was	be	AUX
arjefm-79	135	28	determined	determine	VERB
arjefm-79	135	29	as	as	ADP
arjefm-79	135	30	internal	internal	ADJ
arjefm-79	135	31	.	.	PUNCT
arjefm-79	136	1	zivot	zivot	PROPN
arjefm-79	136	2	and	and	CCONJ
arjefm-79	136	3	andrews	andrews	PROPN
arjefm-79	136	4	(	(	PUNCT
arjefm-79	136	5	1992	1992	NUM
arjefm-79	136	6	)	)	PUNCT
arjefm-79	136	7	suggested	suggest	VERB
arjefm-79	136	8	unit	unit	NOUN
arjefm-79	136	9	root	root	NOUN
arjefm-79	136	10	tests	test	NOUN
arjefm-79	136	11	that	that	PRON
arjefm-79	136	12	focused	focus	VERB
arjefm-79	136	13	on	on	ADP
arjefm-79	136	14	an	an	DET
arjefm-79	136	15	internal	internal	ADJ
arjefm-79	136	16	single	single	ADJ
arjefm-79	136	17	break	break	NOUN
arjefm-79	136	18	.	.	PUNCT
arjefm-79	137	1	even	even	ADV
arjefm-79	137	2	though	though	SCONJ
arjefm-79	137	3	tests	test	NOUN
arjefm-79	137	4	that	that	PRON
arjefm-79	137	5	enabled	enable	VERB
arjefm-79	137	6	multiple	multiple	ADJ
arjefm-79	137	7	breaks	break	NOUN
arjefm-79	137	8	were	be	AUX
arjefm-79	137	9	developed	develop	VERB
arjefm-79	137	10	later	later	ADV
arjefm-79	137	11	on	on	ADV
arjefm-79	137	12	,	,	PUNCT
arjefm-79	137	13	tests	test	NOUN
arjefm-79	137	14	with	with	ADP
arjefm-79	137	15	more	more	ADJ
arjefm-79	137	16	than	than	ADP
arjefm-79	137	17	one	one	NUM
arjefm-79	137	18	break	break	NOUN
arjefm-79	137	19	may	may	AUX
arjefm-79	137	20	cause	cause	VERB
arjefm-79	137	21	faulty	faulty	ADJ
arjefm-79	137	22	results	result	NOUN
arjefm-79	137	23	since	since	SCONJ
arjefm-79	137	24	they	they	PRON
arjefm-79	137	25	show	show	VERB
arjefm-79	137	26	unit	unit	NOUN
arjefm-79	137	27	root	root	NOUN
arjefm-79	137	28	series	series	PROPN
arjefm-79	137	29	as	as	ADP
arjefm-79	137	30	stationary	stationary	NOUN
arjefm-79	137	31	.	.	PUNCT
arjefm-79	138	1	therefore	therefore	ADV
arjefm-79	138	2	,	,	PUNCT
arjefm-79	138	3	the	the	DET
arjefm-79	138	4	stationarity	stationarity	NOUN
arjefm-79	138	5	of	of	ADP
arjefm-79	138	6	the	the	DET
arjefm-79	138	7	series	series	NOUN
arjefm-79	138	8	was	be	AUX
arjefm-79	138	9	examined	examine	VERB
arjefm-79	138	10	in	in	ADP
arjefm-79	138	11	this	this	DET
arjefm-79	138	12	study	study	NOUN
arjefm-79	138	13	by	by	ADP
arjefm-79	138	14	employing	employ	VERB
arjefm-79	138	15	the	the	DET
arjefm-79	138	16	adf	adf	PROPN
arjefm-79	138	17	unit	unit	NOUN
arjefm-79	138	18	root	root	PROPN
arjefm-79	138	19	test	test	NOUN
arjefm-79	138	20	with	with	ADP
arjefm-79	138	21	the	the	DET
arjefm-79	138	22	zivot	zivot	PROPN
arjefm-79	138	23	-	-	PUNCT
arjefm-79	138	24	andrews	andrews	PROPN
arjefm-79	138	25	unit	unit	NOUN
arjefm-79	138	26	root	root	PROPN
arjefm-79	138	27	test	test	NOUN
arjefm-79	138	28	and	and	CCONJ
arjefm-79	138	29	the	the	DET
arjefm-79	138	30	financial	financial	ADJ
arjefm-79	138	31	sustainability	sustainability	NOUN
arjefm-79	138	32	of	of	ADP
arjefm-79	138	33	turkey	turkey	NOUN
arjefm-79	138	34	was	be	AUX
arjefm-79	138	35	examined	examine	VERB
arjefm-79	138	36	with	with	ADP
arjefm-79	138	37	these	these	DET
arjefm-79	138	38	methods	method	NOUN
arjefm-79	138	39	.	.	PUNCT
arjefm-79	139	1	the	the	DET
arjefm-79	139	2	eviews	eviews	PROPN
arjefm-79	139	3	econometrics	econometrics	NOUN
arjefm-79	139	4	program	program	NOUN
arjefm-79	139	5	was	be	AUX
arjefm-79	139	6	used	use	VERB
arjefm-79	139	7	in	in	ADP
arjefm-79	139	8	the	the	DET
arjefm-79	139	9	unit	unit	NOUN
arjefm-79	139	10	root	root	NOUN
arjefm-79	139	11	tests	test	NOUN
arjefm-79	139	12	.	.	PUNCT
arjefm-79	140	1	the	the	DET
arjefm-79	140	2	following	follow	VERB
arjefm-79	140	3	graphics	graphic	NOUN
arjefm-79	140	4	show	show	VERB
arjefm-79	140	5	the	the	DET
arjefm-79	140	6	variables	variable	NOUN
arjefm-79	140	7	used	use	VERB
arjefm-79	140	8	in	in	ADP
arjefm-79	140	9	the	the	DET
arjefm-79	140	10	study	study	NOUN
arjefm-79	140	11	.	.	PUNCT
arjefm-79	141	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	141	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	142	1	american	american	PROPN
arjefm-79	142	2	research	research	PROPN
arjefm-79	142	3	journal	journal	PROPN
arjefm-79	142	4	of	of	ADP
arjefm-79	142	5	economics	economic	NOUN
arjefm-79	142	6	,	,	PUNCT
arjefm-79	142	7	finance	finance	NOUN
arjefm-79	142	8	and	and	CCONJ
arjefm-79	142	9	management	management	NOUN
arjefm-79	142	10	volume	volume	NOUN
arjefm-79	142	11	11	11	NUM
arjefm-79	142	12	issue	issue	NOUN
arjefm-79	142	13	1	1	NUM
arjefm-79	142	14	,	,	PUNCT
arjefm-79	142	15	january	january	PROPN
arjefm-79	142	16	-	-	PUNCT
arjefm-79	142	17	march	march	PROPN
arjefm-79	142	18	2023	2023	NUM
arjefm-79	142	19	issn	issn	NOUN
arjefm-79	142	20	:	:	PUNCT
arjefm-79	142	21	2836	2836	NUM
arjefm-79	142	22	-	-	SYM
arjefm-79	142	23	9416	9416	NUM
arjefm-79	142	24	impact	impact	NOUN
arjefm-79	142	25	factor	factor	NOUN
arjefm-79	142	26	:	:	PUNCT
arjefm-79	142	27	5.57	5.57	NUM
arjefm-79	142	28	journal	journal	NOUN
arjefm-79	142	29	homepage	homepage	NOUN
arjefm-79	142	30	:	:	PUNCT
arjefm-79	142	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	142	32	,	,	PUNCT
arjefm-79	142	33	email	email	NOUN
arjefm-79	142	34	:	:	PUNCT
arjefm-79	143	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	143	2	official	official	ADJ
arjefm-79	143	3	journal	journal	PROPN
arjefm-79	143	4	of	of	ADP
arjefm-79	143	5	america	america	PROPN
arjefm-79	143	6	serial	serial	PROPN
arjefm-79	143	7	publication	publication	NOUN
arjefm-79	143	8	american	american	PROPN
arjefm-79	143	9	research	research	PROPN
arjefm-79	143	10	journal	journal	PROPN
arjefm-79	143	11	of	of	ADP
arjefm-79	143	12	economics	economic	NOUN
arjefm-79	143	13	,	,	PUNCT
arjefm-79	143	14	finance	finance	NOUN
arjefm-79	143	15	and	and	CCONJ
arjefm-79	143	16	management	management	NOUN
arjefm-79	143	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	143	18	,	,	PUNCT
arjefm-79	143	19	email	email	NOUN
arjefm-79	143	20	:	:	PUNCT
arjefm-79	143	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	144	1	67	67	NUM
arjefm-79	145	1	|	|	ADV
arjefm-79	145	2	p	p	NOUN
arjefm-79	145	3	a	a	DET
arjefm-79	145	4	g	g	NOUN
arjefm-79	145	5	e	e	PROPN
arjefm-79	145	6	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	145	7	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	146	1	american	american	PROPN
arjefm-79	146	2	research	research	PROPN
arjefm-79	146	3	journal	journal	PROPN
arjefm-79	146	4	of	of	ADP
arjefm-79	146	5	economics	economic	NOUN
arjefm-79	146	6	,	,	PUNCT
arjefm-79	146	7	finance	finance	NOUN
arjefm-79	146	8	and	and	CCONJ
arjefm-79	146	9	management	management	NOUN
arjefm-79	146	10	volume	volume	NOUN
arjefm-79	146	11	11	11	NUM
arjefm-79	146	12	issue	issue	NOUN
arjefm-79	146	13	1	1	NUM
arjefm-79	146	14	,	,	PUNCT
arjefm-79	146	15	january	january	PROPN
arjefm-79	146	16	-	-	PUNCT
arjefm-79	146	17	march	march	PROPN
arjefm-79	146	18	2023	2023	NUM
arjefm-79	146	19	issn	issn	NOUN
arjefm-79	146	20	:	:	PUNCT
arjefm-79	146	21	2836	2836	NUM
arjefm-79	146	22	-	-	SYM
arjefm-79	146	23	9416	9416	NUM
arjefm-79	146	24	impact	impact	NOUN
arjefm-79	146	25	factor	factor	NOUN
arjefm-79	146	26	:	:	PUNCT
arjefm-79	146	27	5.57	5.57	NUM
arjefm-79	146	28	journal	journal	NOUN
arjefm-79	146	29	homepage	homepage	NOUN
arjefm-79	146	30	:	:	PUNCT
arjefm-79	146	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	146	32	,	,	PUNCT
arjefm-79	146	33	email	email	NOUN
arjefm-79	146	34	:	:	PUNCT
arjefm-79	146	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	146	36	official	official	ADJ
arjefm-79	146	37	journal	journal	PROPN
arjefm-79	146	38	of	of	ADP
arjefm-79	146	39	america	america	PROPN
arjefm-79	146	40	serial	serial	PROPN
arjefm-79	146	41	publication	publication	NOUN
arjefm-79	146	42	american	american	PROPN
arjefm-79	146	43	research	research	PROPN
arjefm-79	146	44	journal	journal	PROPN
arjefm-79	146	45	of	of	ADP
arjefm-79	146	46	economics	economic	NOUN
arjefm-79	146	47	,	,	PUNCT
arjefm-79	146	48	finance	finance	NOUN
arjefm-79	146	49	and	and	CCONJ
arjefm-79	146	50	management	management	NOUN
arjefm-79	146	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	146	52	,	,	PUNCT
arjefm-79	146	53	email	email	NOUN
arjefm-79	146	54	:	:	PUNCT
arjefm-79	146	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	147	1	68	68	NUM
arjefm-79	148	1	|	|	ADV
arjefm-79	148	2	p	p	NOUN
arjefm-79	148	3	a	a	DET
arjefm-79	148	4	g	g	NOUN
arjefm-79	148	5	e	e	PROPN
arjefm-79	148	6	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	148	7	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	149	1	american	american	PROPN
arjefm-79	149	2	research	research	PROPN
arjefm-79	149	3	journal	journal	PROPN
arjefm-79	149	4	of	of	ADP
arjefm-79	149	5	economics	economic	NOUN
arjefm-79	149	6	,	,	PUNCT
arjefm-79	149	7	finance	finance	NOUN
arjefm-79	149	8	and	and	CCONJ
arjefm-79	149	9	management	management	NOUN
arjefm-79	149	10	volume	volume	NOUN
arjefm-79	149	11	11	11	NUM
arjefm-79	149	12	issue	issue	NOUN
arjefm-79	149	13	1	1	NUM
arjefm-79	149	14	,	,	PUNCT
arjefm-79	149	15	january	january	PROPN
arjefm-79	149	16	-	-	PUNCT
arjefm-79	149	17	march	march	PROPN
arjefm-79	149	18	2023	2023	NUM
arjefm-79	149	19	issn	issn	NOUN
arjefm-79	149	20	:	:	PUNCT
arjefm-79	149	21	2836	2836	NUM
arjefm-79	149	22	-	-	SYM
arjefm-79	149	23	9416	9416	NUM
arjefm-79	149	24	impact	impact	NOUN
arjefm-79	149	25	factor	factor	NOUN
arjefm-79	149	26	:	:	PUNCT
arjefm-79	149	27	5.57	5.57	NUM
arjefm-79	149	28	journal	journal	NOUN
arjefm-79	149	29	homepage	homepage	NOUN
arjefm-79	149	30	:	:	PUNCT
arjefm-79	149	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	149	32	,	,	PUNCT
arjefm-79	149	33	email	email	NOUN
arjefm-79	149	34	:	:	PUNCT
arjefm-79	149	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	149	36	official	official	ADJ
arjefm-79	149	37	journal	journal	PROPN
arjefm-79	149	38	of	of	ADP
arjefm-79	149	39	america	america	PROPN
arjefm-79	149	40	serial	serial	PROPN
arjefm-79	149	41	publication	publication	NOUN
arjefm-79	149	42	american	american	PROPN
arjefm-79	149	43	research	research	PROPN
arjefm-79	149	44	journal	journal	PROPN
arjefm-79	149	45	of	of	ADP
arjefm-79	149	46	economics	economic	NOUN
arjefm-79	149	47	,	,	PUNCT
arjefm-79	149	48	finance	finance	NOUN
arjefm-79	149	49	and	and	CCONJ
arjefm-79	149	50	management	management	NOUN
arjefm-79	149	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	149	52	,	,	PUNCT
arjefm-79	149	53	email	email	NOUN
arjefm-79	149	54	:	:	PUNCT
arjefm-79	149	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	150	1	69	69	NUM
arjefm-79	151	1	|	|	ADV
arjefm-79	151	2	p	p	NOUN
arjefm-79	151	3	a	a	DET
arjefm-79	151	4	g	g	NOUN
arjefm-79	151	5	e	e	PROPN
arjefm-79	151	6	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	151	7	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	152	1	american	american	PROPN
arjefm-79	152	2	research	research	PROPN
arjefm-79	152	3	journal	journal	PROPN
arjefm-79	152	4	of	of	ADP
arjefm-79	152	5	economics	economic	NOUN
arjefm-79	152	6	,	,	PUNCT
arjefm-79	152	7	finance	finance	NOUN
arjefm-79	152	8	and	and	CCONJ
arjefm-79	152	9	management	management	NOUN
arjefm-79	152	10	volume	volume	NOUN
arjefm-79	152	11	11	11	NUM
arjefm-79	152	12	issue	issue	NOUN
arjefm-79	152	13	1	1	NUM
arjefm-79	152	14	,	,	PUNCT
arjefm-79	152	15	january	january	PROPN
arjefm-79	152	16	-	-	PUNCT
arjefm-79	152	17	march	march	PROPN
arjefm-79	152	18	2023	2023	NUM
arjefm-79	152	19	issn	issn	NOUN
arjefm-79	152	20	:	:	PUNCT
arjefm-79	152	21	2836	2836	NUM
arjefm-79	152	22	-	-	SYM
arjefm-79	152	23	9416	9416	NUM
arjefm-79	152	24	impact	impact	NOUN
arjefm-79	152	25	factor	factor	NOUN
arjefm-79	152	26	:	:	PUNCT
arjefm-79	152	27	5.57	5.57	NUM
arjefm-79	152	28	journal	journal	NOUN
arjefm-79	152	29	homepage	homepage	NOUN
arjefm-79	152	30	:	:	PUNCT
arjefm-79	152	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	152	32	,	,	PUNCT
arjefm-79	152	33	email	email	NOUN
arjefm-79	152	34	:	:	PUNCT
arjefm-79	152	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	152	36	official	official	ADJ
arjefm-79	152	37	journal	journal	PROPN
arjefm-79	152	38	of	of	ADP
arjefm-79	152	39	america	america	PROPN
arjefm-79	152	40	serial	serial	PROPN
arjefm-79	152	41	publication	publication	NOUN
arjefm-79	152	42	american	american	PROPN
arjefm-79	152	43	research	research	PROPN
arjefm-79	152	44	journal	journal	PROPN
arjefm-79	152	45	of	of	ADP
arjefm-79	152	46	economics	economic	NOUN
arjefm-79	152	47	,	,	PUNCT
arjefm-79	152	48	finance	finance	NOUN
arjefm-79	152	49	and	and	CCONJ
arjefm-79	152	50	management	management	NOUN
arjefm-79	152	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	152	52	,	,	PUNCT
arjefm-79	152	53	email	email	NOUN
arjefm-79	152	54	:	:	PUNCT
arjefm-79	152	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	153	1	70	70	NUM
arjefm-79	154	1	|	|	ADV
arjefm-79	154	2	p	p	X
arjefm-79	154	3	a	a	DET
arjefm-79	154	4	g	g	NOUN
arjefm-79	154	5	e	e	NOUN
arjefm-79	154	6	4	4	NUM
arjefm-79	154	7	.	.	NOUN
arjefm-79	154	8	results	result	NOUN
arjefm-79	154	9	and	and	CCONJ
arjefm-79	154	10	discussion	discussion	NOUN
arjefm-79	154	11	first	first	ADV
arjefm-79	154	12	,	,	PUNCT
arjefm-79	154	13	adf	adf	PROPN
arjefm-79	154	14	unit	unit	NOUN
arjefm-79	154	15	root	root	NOUN
arjefm-79	154	16	tests	test	NOUN
arjefm-79	154	17	were	be	AUX
arjefm-79	154	18	carried	carry	VERB
arjefm-79	154	19	out	out	ADP
arjefm-79	154	20	on	on	ADP
arjefm-79	154	21	variables	variable	NOUN
arjefm-79	154	22	in	in	ADP
arjefm-79	154	23	this	this	DET
arjefm-79	154	24	study	study	NOUN
arjefm-79	154	25	and	and	CCONJ
arjefm-79	154	26	the	the	DET
arjefm-79	154	27	results	result	NOUN
arjefm-79	154	28	were	be	AUX
arjefm-79	154	29	recorded	record	VERB
arjefm-79	154	30	.	.	PUNCT
arjefm-79	155	1	stationary	stationary	ADJ
arjefm-79	155	2	levels	level	NOUN
arjefm-79	155	3	of	of	ADP
arjefm-79	155	4	the	the	DET
arjefm-79	155	5	variables	variable	NOUN
arjefm-79	155	6	were	be	AUX
arjefm-79	155	7	evaluated	evaluate	VERB
arjefm-79	155	8	with	with	ADP
arjefm-79	155	9	5	5	NUM
arjefm-79	155	10	%	%	NOUN
arjefm-79	155	11	significance	significance	NOUN
arjefm-79	155	12	in	in	ADP
arjefm-79	155	13	the	the	DET
arjefm-79	155	14	adf	adf	NOUN
arjefm-79	155	15	tests	test	NOUN
arjefm-79	155	16	.	.	PUNCT
arjefm-79	156	1	the	the	DET
arjefm-79	156	2	schwarz	schwarz	PROPN
arjefm-79	156	3	information	information	NOUN
arjefm-79	156	4	criterion	criterion	NOUN
arjefm-79	156	5	was	be	AUX
arjefm-79	156	6	used	use	VERB
arjefm-79	156	7	to	to	PART
arjefm-79	156	8	determine	determine	VERB
arjefm-79	156	9	lag	lag	NOUN
arjefm-79	156	10	length	length	NOUN
arjefm-79	156	11	in	in	ADP
arjefm-79	156	12	unit	unit	NOUN
arjefm-79	156	13	root	root	NOUN
arjefm-79	156	14	tests	test	NOUN
arjefm-79	156	15	.	.	PUNCT
arjefm-79	157	1	according	accord	VERB
arjefm-79	157	2	to	to	ADP
arjefm-79	157	3	the	the	DET
arjefm-79	157	4	adf	adf	PROPN
arjefm-79	157	5	unit	unit	NOUN
arjefm-79	157	6	root	root	PROPN
arjefm-79	157	7	test	test	NOUN
arjefm-79	157	8	results	result	NOUN
arjefm-79	157	9	,	,	PUNCT
arjefm-79	157	10	the	the	DET
arjefm-79	157	11	variables	variable	NOUN
arjefm-79	157	12	of	of	ADP
arjefm-79	157	13	gdp	gdp	NOUN
arjefm-79	157	14	growth	growth	NOUN
arjefm-79	157	15	,	,	PUNCT
arjefm-79	157	16	real	real	ADJ
arjefm-79	157	17	interest	interest	NOUN
arjefm-79	157	18	rate	rate	NOUN
arjefm-79	157	19	of	of	ADP
arjefm-79	157	20	commercial	commercial	ADJ
arjefm-79	157	21	credits	credit	NOUN
arjefm-79	157	22	,	,	PUNCT
arjefm-79	157	23	and	and	CCONJ
arjefm-79	157	24	real	real	ADJ
arjefm-79	157	25	interest	interest	NOUN
arjefm-79	157	26	rate	rate	NOUN
arjefm-79	157	27	of	of	ADP
arjefm-79	157	28	government	government	NOUN
arjefm-79	157	29	domestic	domestic	ADJ
arjefm-79	157	30	debt	debt	NOUN
arjefm-79	157	31	securities	security	NOUN
arjefm-79	157	32	are	be	AUX
arjefm-79	157	33	stationary	stationary	ADJ
arjefm-79	157	34	.	.	PUNCT
arjefm-79	158	1	non	non	ADJ
arjefm-79	158	2	-	-	ADJ
arjefm-79	158	3	financial	financial	ADJ
arjefm-79	158	4	private	private	ADJ
arjefm-79	158	5	sector	sector	NOUN
arjefm-79	158	6	loan	loan	NOUN
arjefm-79	158	7	usage	usage	NOUN
arjefm-79	158	8	/	/	SYM
arjefm-79	158	9	gdp	gdp	NOUN
arjefm-79	158	10	is	be	AUX
arjefm-79	158	11	not	not	PART
arjefm-79	158	12	stationary	stationary	ADJ
arjefm-79	158	13	in	in	ADP
arjefm-79	158	14	the	the	DET
arjefm-79	158	15	intercept	intercept	NOUN
arjefm-79	158	16	model	model	NOUN
arjefm-79	158	17	,	,	PUNCT
arjefm-79	158	18	while	while	SCONJ
arjefm-79	158	19	it	it	PRON
arjefm-79	158	20	is	be	AUX
arjefm-79	158	21	stationary	stationary	ADJ
arjefm-79	158	22	in	in	ADP
arjefm-79	158	23	the	the	DET
arjefm-79	158	24	trend	trend	NOUN
arjefm-79	158	25	and	and	CCONJ
arjefm-79	158	26	intercept	intercept	NOUN
arjefm-79	158	27	model	model	NOUN
arjefm-79	158	28	.	.	PUNCT
arjefm-79	159	1	eudefined	eudefine	VERB
arjefm-79	159	2	general	general	ADJ
arjefm-79	159	3	government	government	NOUN
arjefm-79	159	4	debt	debt	NOUN
arjefm-79	159	5	stock	stock	NOUN
arjefm-79	159	6	/	/	SYM
arjefm-79	159	7	gdp	gdp	NOUN
arjefm-79	159	8	is	be	AUX
arjefm-79	159	9	not	not	PART
arjefm-79	159	10	stationary	stationary	ADJ
arjefm-79	159	11	in	in	ADP
arjefm-79	159	12	the	the	DET
arjefm-79	159	13	intercept	intercept	NOUN
arjefm-79	159	14	and	and	CCONJ
arjefm-79	159	15	trend	trend	NOUN
arjefm-79	159	16	and	and	CCONJ
arjefm-79	159	17	intercept	intercept	NOUN
arjefm-79	159	18	models	model	NOUN
arjefm-79	159	19	.	.	PUNCT
arjefm-79	160	1	public	public	ADJ
arjefm-79	160	2	net	net	ADJ
arjefm-79	160	3	debt	debt	NOUN
arjefm-79	160	4	stock	stock	NOUN
arjefm-79	160	5	/	/	SYM
arjefm-79	160	6	gdp	gdp	NOUN
arjefm-79	160	7	is	be	AUX
arjefm-79	160	8	stationary	stationary	ADJ
arjefm-79	160	9	in	in	ADP
arjefm-79	160	10	the	the	DET
arjefm-79	160	11	intercept	intercept	NOUN
arjefm-79	160	12	model	model	NOUN
arjefm-79	160	13	,	,	PUNCT
arjefm-79	160	14	while	while	SCONJ
arjefm-79	160	15	it	it	PRON
arjefm-79	160	16	is	be	AUX
arjefm-79	160	17	not	not	PART
arjefm-79	160	18	stationary	stationary	ADJ
arjefm-79	160	19	in	in	ADP
arjefm-79	160	20	the	the	DET
arjefm-79	160	21	trend	trend	NOUN
arjefm-79	160	22	and	and	CCONJ
arjefm-79	160	23	intercept	intercept	NOUN
arjefm-79	160	24	model	model	NOUN
arjefm-79	160	25	.	.	PUNCT
arjefm-79	161	1	finally	finally	ADV
arjefm-79	161	2	,	,	PUNCT
arjefm-79	161	3	the	the	DET
arjefm-79	161	4	variable	variable	NOUN
arjefm-79	161	5	of	of	ADP
arjefm-79	161	6	net	net	ADJ
arjefm-79	161	7	external	external	ADJ
arjefm-79	161	8	debt	debt	NOUN
arjefm-79	161	9	stock	stock	NOUN
arjefm-79	161	10	/	/	SYM
arjefm-79	161	11	gdp	gdp	NOUN
arjefm-79	161	12	is	be	AUX
arjefm-79	161	13	not	not	PART
arjefm-79	161	14	stationary	stationary	ADJ
arjefm-79	161	15	in	in	ADP
arjefm-79	161	16	either	either	CCONJ
arjefm-79	161	17	the	the	DET
arjefm-79	161	18	intercept	intercept	NOUN
arjefm-79	161	19	or	or	CCONJ
arjefm-79	161	20	the	the	DET
arjefm-79	161	21	trend	trend	NOUN
arjefm-79	161	22	and	and	CCONJ
arjefm-79	161	23	intercept	intercept	NOUN
arjefm-79	161	24	model	model	NOUN
arjefm-79	161	25	.	.	PUNCT
arjefm-79	162	1	table	table	NOUN
arjefm-79	162	2	2	2	NUM
arjefm-79	162	3	shows	show	VERB
arjefm-79	162	4	the	the	DET
arjefm-79	162	5	adf	adf	PROPN
arjefm-79	162	6	unit	unit	NOUN
arjefm-79	162	7	root	root	PROPN
arjefm-79	162	8	test	test	NOUN
arjefm-79	162	9	results	result	NOUN
arjefm-79	162	10	of	of	ADP
arjefm-79	162	11	the	the	DET
arjefm-79	162	12	variables	variable	NOUN
arjefm-79	162	13	.	.	PUNCT
arjefm-79	163	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	163	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	164	1	american	american	PROPN
arjefm-79	164	2	research	research	PROPN
arjefm-79	164	3	journal	journal	PROPN
arjefm-79	164	4	of	of	ADP
arjefm-79	164	5	economics	economic	NOUN
arjefm-79	164	6	,	,	PUNCT
arjefm-79	164	7	finance	finance	NOUN
arjefm-79	164	8	and	and	CCONJ
arjefm-79	164	9	management	management	NOUN
arjefm-79	164	10	volume	volume	NOUN
arjefm-79	164	11	11	11	NUM
arjefm-79	164	12	issue	issue	NOUN
arjefm-79	164	13	1	1	NUM
arjefm-79	164	14	,	,	PUNCT
arjefm-79	164	15	january	january	PROPN
arjefm-79	164	16	-	-	PUNCT
arjefm-79	164	17	march	march	PROPN
arjefm-79	164	18	2023	2023	NUM
arjefm-79	164	19	issn	issn	NOUN
arjefm-79	164	20	:	:	PUNCT
arjefm-79	164	21	2836	2836	NUM
arjefm-79	164	22	-	-	SYM
arjefm-79	164	23	9416	9416	NUM
arjefm-79	164	24	impact	impact	NOUN
arjefm-79	164	25	factor	factor	NOUN
arjefm-79	164	26	:	:	PUNCT
arjefm-79	164	27	5.57	5.57	NUM
arjefm-79	164	28	journal	journal	NOUN
arjefm-79	164	29	homepage	homepage	NOUN
arjefm-79	164	30	:	:	PUNCT
arjefm-79	164	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	164	32	,	,	PUNCT
arjefm-79	164	33	email	email	NOUN
arjefm-79	164	34	:	:	PUNCT
arjefm-79	165	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	165	2	official	official	ADJ
arjefm-79	165	3	journal	journal	PROPN
arjefm-79	165	4	of	of	ADP
arjefm-79	165	5	america	america	PROPN
arjefm-79	165	6	serial	serial	PROPN
arjefm-79	165	7	publication	publication	NOUN
arjefm-79	165	8	american	american	PROPN
arjefm-79	165	9	research	research	PROPN
arjefm-79	165	10	journal	journal	PROPN
arjefm-79	165	11	of	of	ADP
arjefm-79	165	12	economics	economic	NOUN
arjefm-79	165	13	,	,	PUNCT
arjefm-79	165	14	finance	finance	NOUN
arjefm-79	165	15	and	and	CCONJ
arjefm-79	165	16	management	management	NOUN
arjefm-79	165	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	165	18	,	,	PUNCT
arjefm-79	165	19	email	email	NOUN
arjefm-79	165	20	:	:	PUNCT
arjefm-79	165	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	166	1	71	71	NUM
arjefm-79	167	1	|	|	ADV
arjefm-79	167	2	p	p	NOUN
arjefm-79	167	3	a	a	DET
arjefm-79	167	4	g	g	NOUN
arjefm-79	167	5	e	e	NOUN
arjefm-79	167	6	table	table	NOUN
arjefm-79	167	7	2	2	NUM
arjefm-79	167	8	.	.	PUNCT
arjefm-79	167	9	adf	adf	PROPN
arjefm-79	167	10	unit	unit	NOUN
arjefm-79	167	11	root	root	PROPN
arjefm-79	167	12	test	test	NOUN
arjefm-79	167	13	results	result	NOUN
arjefm-79	167	14	unit	unit	NOUN
arjefm-79	167	15	root	root	PROPN
arjefm-79	167	16	test	test	NOUN
arjefm-79	167	17	variable	variable	ADJ
arjefm-79	167	18	test	test	NOUN
arjefm-79	167	19	statistic	statistic	PROPN
arjefm-79	167	20	mackinnon	mackinnon	PROPN
arjefm-79	167	21	%	%	PROPN
arjefm-79	167	22	5	5	NUM
arjefm-79	167	23	test	test	NOUN
arjefm-79	167	24	critical	critical	ADJ
arjefm-79	167	25	value	value	NOUN
arjefm-79	167	26	result	result	NOUN
arjefm-79	167	27	adf	adf	PROPN
arjefm-79	167	28	(	(	PUNCT
arjefm-79	167	29	intercept	intercept	PROPN
arjefm-79	167	30	)	)	PUNCT
arjefm-79	167	31	nfprivatesectorloan	nfprivatesectorloan	NOUN
arjefm-79	167	32	0,278969	0,278969	PROPN
arjefm-79	168	1	-2,905519	-2,905519	INTJ
arjefm-79	168	2	nonstationary	nonstationary	ADJ
arjefm-79	168	3	eudefinedgovdeptstock	eudefinedgovdeptstock	NOUN
arjefm-79	168	4	2,369767	2,369767	PROPN
arjefm-79	168	5	-2,919952	-2,919952	NOUN
arjefm-79	168	6	nonstationary	nonstationary	ADJ
arjefm-79	168	7	pubnetdeptstock	pubnetdeptstock	NOUN
arjefm-79	168	8	3,408658	3,408658	PROPN
arjefm-79	168	9	-2,90621	-2,90621	PROPN
arjefm-79	168	10	stationary	stationary	ADJ
arjefm-79	168	11	netextdeptstock	netextdeptstock	ADJ
arjefm-79	168	12	-1,954706	-1,954706	PUNCT
arjefm-79	169	1	-2,905519	-2,905519	ADJ
arjefm-79	169	2	nonstationary	nonstationary	ADJ
arjefm-79	169	3	gdpgrowth	gdpgrowth	NOUN
arjefm-79	169	4	-7,053619	-7,053619	PROPN
arjefm-79	170	1	-2,905519	-2,905519	PROPN
arjefm-79	170	2	stationary	stationary	ADJ
arjefm-79	170	3	rircomcredits	rircomcredit	NOUN
arjefm-79	170	4	-3,512247	-3,512247	PUNCT
arjefm-79	171	1	-2,905519	-2,905519	PROPN
arjefm-79	171	2	stationary	stationary	ADJ
arjefm-79	171	3	rirgovdomdeptsec	rirgovdomdeptsec	PROPN
arjefm-79	171	4	2,963208	2,963208	PROPN
arjefm-79	171	5	-2,905519	-2,905519	PROPN
arjefm-79	171	6	stationary	stationary	ADJ
arjefm-79	171	7	adf	adf	NOUN
arjefm-79	171	8	(	(	PUNCT
arjefm-79	171	9	trend	trend	NOUN
arjefm-79	171	10	and	and	CCONJ
arjefm-79	171	11	intercept	intercept	NOUN
arjefm-79	171	12	)	)	PUNCT
arjefm-79	171	13	nfprivatesectorloan	nfprivatesectorloan	NOUN
arjefm-79	171	14	-3,852173	-3,852173	PROPN
arjefm-79	171	15	-3,478305	-3,478305	PROPN
arjefm-79	171	16	stationary	stationary	ADJ
arjefm-79	171	17	eudefinedgovdeptstock	eudefinedgovdeptstock	NOUN
arjefm-79	171	18	-2,251045	-2,251045	PROPN
arjefm-79	171	19	-3,502373	-3,502373	PROPN
arjefm-79	171	20	nonstationary	nonstationary	ADJ
arjefm-79	171	21	pubnetdeptstock	pubnetdeptstock	NOUN
arjefm-79	171	22	0,520477	0,520477	PROPN
arjefm-79	171	23	-3,479367	-3,479367	PROPN
arjefm-79	171	24	nonstationary	nonstationary	ADJ
arjefm-79	171	25	netextdeptstock	netextdeptstock	ADJ
arjefm-79	171	26	2,330987	2,330987	NUM
arjefm-79	171	27	-3,478305	-3,478305	ADJ
arjefm-79	171	28	nonstationary	nonstationary	ADJ
arjefm-79	171	29	gdpgrowth	gdpgrowth	NOUN
arjefm-79	171	30	-7,112413	-7,112413	PROPN
arjefm-79	171	31	-3,478305	-3,478305	PROPN
arjefm-79	171	32	stationary	stationary	ADJ
arjefm-79	171	33	rircomcredits	rircomcredit	NOUN
arjefm-79	171	34	4,045669	4,045669	PROPN
arjefm-79	171	35	-3,479367	-3,479367	PROPN
arjefm-79	171	36	stationary	stationary	ADJ
arjefm-79	171	37	rirgovdomdeptsec	rirgovdomdeptsec	PROPN
arjefm-79	171	38	-5,687251	-5,687251	PROPN
arjefm-79	171	39	-3,478305	-3,478305	PROPN
arjefm-79	171	40	stationary	stationary	VERB
arjefm-79	171	41	however	however	ADV
arjefm-79	171	42	,	,	PUNCT
arjefm-79	171	43	as	as	SCONJ
arjefm-79	171	44	mentioned	mention	VERB
arjefm-79	171	45	before	before	ADV
arjefm-79	171	46	,	,	PUNCT
arjefm-79	171	47	carrying	carry	VERB
arjefm-79	171	48	out	out	ADP
arjefm-79	171	49	unit	unit	NOUN
arjefm-79	171	50	root	root	NOUN
arjefm-79	171	51	tests	test	NOUN
arjefm-79	171	52	without	without	ADP
arjefm-79	171	53	taking	take	VERB
arjefm-79	171	54	the	the	DET
arjefm-79	171	55	structural	structural	ADJ
arjefm-79	171	56	breaks	break	NOUN
arjefm-79	171	57	of	of	ADP
arjefm-79	171	58	the	the	DET
arjefm-79	171	59	variables	variable	NOUN
arjefm-79	171	60	into	into	ADP
arjefm-79	171	61	account	account	NOUN
arjefm-79	171	62	may	may	AUX
arjefm-79	171	63	cause	cause	VERB
arjefm-79	171	64	faulty	faulty	ADJ
arjefm-79	171	65	results	result	NOUN
arjefm-79	171	66	.	.	PUNCT
arjefm-79	172	1	therefore	therefore	ADV
arjefm-79	172	2	,	,	PUNCT
arjefm-79	172	3	zivot	zivot	PROPN
arjefm-79	172	4	-	-	PUNCT
arjefm-79	172	5	andrews	andrews	PROPN
arjefm-79	172	6	unit	unit	NOUN
arjefm-79	172	7	root	root	NOUN
arjefm-79	172	8	tests	test	NOUN
arjefm-79	172	9	that	that	PRON
arjefm-79	172	10	take	take	VERB
arjefm-79	172	11	the	the	DET
arjefm-79	172	12	structural	structural	ADJ
arjefm-79	172	13	breaks	break	NOUN
arjefm-79	172	14	of	of	ADP
arjefm-79	172	15	the	the	DET
arjefm-79	172	16	variables	variable	NOUN
arjefm-79	172	17	into	into	ADP
arjefm-79	172	18	account	account	NOUN
arjefm-79	172	19	were	be	AUX
arjefm-79	172	20	employed	employ	VERB
arjefm-79	172	21	.	.	PUNCT
arjefm-79	173	1	table	table	NOUN
arjefm-79	173	2	3	3	NUM
arjefm-79	173	3	shows	show	VERB
arjefm-79	173	4	the	the	DET
arjefm-79	173	5	zivot	zivot	PROPN
arjefm-79	173	6	-	-	PUNCT
arjefm-79	173	7	andrews	andrews	PROPN
arjefm-79	173	8	unit	unit	NOUN
arjefm-79	173	9	root	root	PROPN
arjefm-79	173	10	test	test	NOUN
arjefm-79	173	11	results	result	NOUN
arjefm-79	173	12	.	.	PUNCT
arjefm-79	174	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	174	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	175	1	american	american	PROPN
arjefm-79	175	2	research	research	PROPN
arjefm-79	175	3	journal	journal	PROPN
arjefm-79	175	4	of	of	ADP
arjefm-79	175	5	economics	economic	NOUN
arjefm-79	175	6	,	,	PUNCT
arjefm-79	175	7	finance	finance	NOUN
arjefm-79	175	8	and	and	CCONJ
arjefm-79	175	9	management	management	NOUN
arjefm-79	175	10	volume	volume	NOUN
arjefm-79	175	11	11	11	NUM
arjefm-79	175	12	issue	issue	NOUN
arjefm-79	175	13	1	1	NUM
arjefm-79	175	14	,	,	PUNCT
arjefm-79	175	15	january	january	PROPN
arjefm-79	175	16	-	-	PUNCT
arjefm-79	175	17	march	march	PROPN
arjefm-79	175	18	2023	2023	NUM
arjefm-79	175	19	issn	issn	NOUN
arjefm-79	175	20	:	:	PUNCT
arjefm-79	175	21	2836	2836	NUM
arjefm-79	175	22	-	-	SYM
arjefm-79	175	23	9416	9416	NUM
arjefm-79	175	24	impact	impact	NOUN
arjefm-79	175	25	factor	factor	NOUN
arjefm-79	175	26	:	:	PUNCT
arjefm-79	175	27	5.57	5.57	NUM
arjefm-79	175	28	journal	journal	NOUN
arjefm-79	175	29	homepage	homepage	NOUN
arjefm-79	175	30	:	:	PUNCT
arjefm-79	175	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	175	32	,	,	PUNCT
arjefm-79	175	33	email	email	NOUN
arjefm-79	175	34	:	:	PUNCT
arjefm-79	176	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	176	2	official	official	ADJ
arjefm-79	176	3	journal	journal	PROPN
arjefm-79	176	4	of	of	ADP
arjefm-79	176	5	america	america	PROPN
arjefm-79	176	6	serial	serial	PROPN
arjefm-79	176	7	publication	publication	NOUN
arjefm-79	176	8	american	american	PROPN
arjefm-79	176	9	research	research	PROPN
arjefm-79	176	10	journal	journal	PROPN
arjefm-79	176	11	of	of	ADP
arjefm-79	176	12	economics	economic	NOUN
arjefm-79	176	13	,	,	PUNCT
arjefm-79	176	14	finance	finance	NOUN
arjefm-79	176	15	and	and	CCONJ
arjefm-79	176	16	management	management	NOUN
arjefm-79	176	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	176	18	,	,	PUNCT
arjefm-79	176	19	email	email	NOUN
arjefm-79	176	20	:	:	PUNCT
arjefm-79	176	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	176	22	72	72	NUM
arjefm-79	177	1	|	|	ADV
arjefm-79	177	2	p	p	X
arjefm-79	177	3	a	a	DET
arjefm-79	177	4	g	g	NOUN
arjefm-79	177	5	e	e	NOUN
arjefm-79	177	6	table	table	NOUN
arjefm-79	177	7	3	3	NUM
arjefm-79	177	8	.	.	PUNCT
arjefm-79	178	1	zivot	zivot	PROPN
arjefm-79	178	2	-	-	PUNCT
arjefm-79	178	3	andrews	andrews	PROPN
arjefm-79	178	4	unit	unit	NOUN
arjefm-79	178	5	root	root	PROPN
arjefm-79	178	6	test	test	NOUN
arjefm-79	178	7	results	result	NOUN
arjefm-79	178	8	unit	unit	NOUN
arjefm-79	178	9	root	root	PROPN
arjefm-79	178	10	test	test	NOUN
arjefm-79	178	11	variable	variable	ADJ
arjefm-79	178	12	test	test	NOUN
arjefm-79	178	13	statistic	statistic	NOUN
arjefm-79	178	14	za	za	PROPN
arjefm-79	178	15	%	%	NOUN
arjefm-79	178	16	5	5	NUM
arjefm-79	178	17	test	test	NOUN
arjefm-79	178	18	critical	critical	ADJ
arjefm-79	178	19	value	value	NOUN
arjefm-79	178	20	result	result	NOUN
arjefm-79	178	21	za	za	PROPN
arjefm-79	178	22	(	(	PUNCT
arjefm-79	178	23	intercept	intercept	PROPN
arjefm-79	178	24	)	)	PUNCT
arjefm-79	178	25	nfprivatesectorloan	nfprivatesectorloan	NOUN
arjefm-79	178	26	-4,487321	-4,487321	PROPN
arjefm-79	178	27	-4,93	-4,93	PUNCT
arjefm-79	178	28	nonstationary	nonstationary	ADJ
arjefm-79	178	29	eudefinedgovdeptstock	eudefinedgovdeptstock	NOUN
arjefm-79	178	30	-3,272866	-3,272866	PROPN
arjefm-79	178	31	-4,93	-4,93	PUNCT
arjefm-79	178	32	nonstationary	nonstationary	ADJ
arjefm-79	178	33	pubnetdeptstock	pubnetdeptstock	NOUN
arjefm-79	178	34	-1,494329	-1,494329	PROPN
arjefm-79	178	35	-4,93	-4,93	PUNCT
arjefm-79	178	36	nonstationary	nonstationary	ADJ
arjefm-79	178	37	netextdeptstock	netextdeptstock	ADJ
arjefm-79	178	38	-3,867323	-3,867323	PROPN
arjefm-79	178	39	-4,93	-4,93	PUNCT
arjefm-79	178	40	nonstationary	nonstationary	ADJ
arjefm-79	178	41	gdpgrowth	gdpgrowth	PROPN
arjefm-79	178	42	-7,86777	-7,86777	PROPN
arjefm-79	178	43	-4,93	-4,93	PUNCT
arjefm-79	178	44	stationary	stationary	ADJ
arjefm-79	178	45	rircomcredits	rircomcredit	NOUN
arjefm-79	178	46	-4,454673	-4,454673	PROPN
arjefm-79	179	1	-4,93	-4,93	PUNCT
arjefm-79	179	2	nonstationary	nonstationary	ADJ
arjefm-79	179	3	rirgovdomdeptsec	rirgovdomdeptsec	NOUN
arjefm-79	179	4	-5,446295	-5,446295	PROPN
arjefm-79	179	5	-4,93	-4,93	PUNCT
arjefm-79	179	6	stationary	stationary	PROPN
arjefm-79	179	7	za	za	PROPN
arjefm-79	179	8	(	(	PUNCT
arjefm-79	179	9	trend	trend	NOUN
arjefm-79	179	10	)	)	PUNCT
arjefm-79	179	11	nfprivatesectorloan	nfprivatesectorloan	NOUN
arjefm-79	179	12	-4,508125	-4,508125	PROPN
arjefm-79	180	1	-4,42	-4,42	PROPN
arjefm-79	180	2	stationary	stationary	ADJ
arjefm-79	180	3	eudefinedgovdeptstock	eudefinedgovdeptstock	NOUN
arjefm-79	180	4	-3,048714	-3,048714	PUNCT
arjefm-79	180	5	-4,42	-4,42	PROPN
arjefm-79	180	6	nonstationary	nonstationary	ADJ
arjefm-79	180	7	pubnetdeptstock	pubnetdeptstock	NOUN
arjefm-79	180	8	-2,459687	-2,459687	PROPN
arjefm-79	180	9	-4,42	-4,42	PROPN
arjefm-79	180	10	nonstationary	nonstationary	ADJ
arjefm-79	180	11	netextdeptstock	netextdeptstock	ADJ
arjefm-79	180	12	none	none	NOUN
arjefm-79	180	13	none	none	NOUN
arjefm-79	180	14	gdpgrowth	gdpgrowth	NOUN
arjefm-79	180	15	-7,14999	-7,14999	PROPN
arjefm-79	180	16	-4,42	-4,42	PUNCT
arjefm-79	180	17	stationary	stationary	ADJ
arjefm-79	180	18	rircomcredits	rircomcredit	NOUN
arjefm-79	180	19	-4,221672	-4,221672	PROPN
arjefm-79	181	1	-4,42	-4,42	PUNCT
arjefm-79	181	2	nonstationary	nonstationary	ADJ
arjefm-79	181	3	rirgovdomdeptsec	rirgovdomdeptsec	PROPN
arjefm-79	181	4	-4,876577	-4,876577	PROPN
arjefm-79	181	5	-4,42	-4,42	PROPN
arjefm-79	181	6	stationary	stationary	PROPN
arjefm-79	181	7	za	za	PROPN
arjefm-79	181	8	(	(	PUNCT
arjefm-79	181	9	intercept	intercept	NOUN
arjefm-79	181	10	and	and	CCONJ
arjefm-79	181	11	trend	trend	NOUN
arjefm-79	181	12	)	)	PUNCT
arjefm-79	181	13	nfprivatesectorloan	nfprivatesectorloan	NOUN
arjefm-79	181	14	-4,510362	-4,510362	PROPN
arjefm-79	181	15	-5,08	-5,08	PUNCT
arjefm-79	181	16	nonstationary	nonstationary	ADJ
arjefm-79	181	17	eudefinedgovdeptstock	eudefinedgovdeptstock	NOUN
arjefm-79	182	1	-3,242678	-3,242678	PROPN
arjefm-79	182	2	-5,08	-5,08	PUNCT
arjefm-79	182	3	nonstationary	nonstationary	ADJ
arjefm-79	182	4	pubnetdeptstock	pubnetdeptstock	NOUN
arjefm-79	182	5	-2,448594	-2,448594	PROPN
arjefm-79	182	6	-5,08	-5,08	PUNCT
arjefm-79	182	7	nonstationary	nonstationary	ADJ
arjefm-79	182	8	netextdeptstock	netextdeptstock	ADJ
arjefm-79	182	9	-3,398871	-3,398871	PROPN
arjefm-79	182	10	-5,08	-5,08	PUNCT
arjefm-79	182	11	nonstationary	nonstationary	ADJ
arjefm-79	182	12	gdpgrowth	gdpgrowth	PROPN
arjefm-79	182	13	-8,029259	-8,029259	PROPN
arjefm-79	182	14	-5,08	-5,08	PUNCT
arjefm-79	182	15	stationary	stationary	ADJ
arjefm-79	182	16	rircomcredits	rircomcredit	NOUN
arjefm-79	182	17	-4,630437	-4,630437	PROPN
arjefm-79	182	18	-5,08	-5,08	PUNCT
arjefm-79	182	19	nonstationary	nonstationary	ADJ
arjefm-79	182	20	rirgovdomdeptsec	rirgovdomdeptsec	PROPN
arjefm-79	182	21	-5,620651	-5,620651	PROPN
arjefm-79	182	22	-5,08	-5,08	PUNCT
arjefm-79	182	23	stationary	stationary	ADJ
arjefm-79	182	24	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	182	25	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	182	26	american	american	PROPN
arjefm-79	182	27	research	research	PROPN
arjefm-79	182	28	journal	journal	PROPN
arjefm-79	182	29	of	of	ADP
arjefm-79	182	30	economics	economic	NOUN
arjefm-79	182	31	,	,	PUNCT
arjefm-79	182	32	finance	finance	NOUN
arjefm-79	182	33	and	and	CCONJ
arjefm-79	182	34	management	management	NOUN
arjefm-79	182	35	volume	volume	NOUN
arjefm-79	182	36	11	11	NUM
arjefm-79	182	37	issue	issue	NOUN
arjefm-79	182	38	1	1	NUM
arjefm-79	182	39	,	,	PUNCT
arjefm-79	182	40	january	january	PROPN
arjefm-79	182	41	-	-	PUNCT
arjefm-79	182	42	march	march	PROPN
arjefm-79	182	43	2023	2023	NUM
arjefm-79	182	44	issn	issn	NOUN
arjefm-79	182	45	:	:	PUNCT
arjefm-79	182	46	2836	2836	NUM
arjefm-79	182	47	-	-	SYM
arjefm-79	182	48	9416	9416	NUM
arjefm-79	182	49	impact	impact	NOUN
arjefm-79	182	50	factor	factor	NOUN
arjefm-79	182	51	:	:	PUNCT
arjefm-79	182	52	5.57	5.57	NUM
arjefm-79	182	53	journal	journal	NOUN
arjefm-79	182	54	homepage	homepage	NOUN
arjefm-79	182	55	:	:	PUNCT
arjefm-79	182	56	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	182	57	,	,	PUNCT
arjefm-79	182	58	email	email	NOUN
arjefm-79	182	59	:	:	PUNCT
arjefm-79	182	60	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	182	61	official	official	ADJ
arjefm-79	182	62	journal	journal	PROPN
arjefm-79	182	63	of	of	ADP
arjefm-79	182	64	america	america	PROPN
arjefm-79	182	65	serial	serial	PROPN
arjefm-79	182	66	publication	publication	NOUN
arjefm-79	182	67	american	american	PROPN
arjefm-79	182	68	research	research	PROPN
arjefm-79	182	69	journal	journal	PROPN
arjefm-79	182	70	of	of	ADP
arjefm-79	182	71	economics	economic	NOUN
arjefm-79	182	72	,	,	PUNCT
arjefm-79	182	73	finance	finance	NOUN
arjefm-79	182	74	and	and	CCONJ
arjefm-79	182	75	management	management	NOUN
arjefm-79	182	76	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	182	77	,	,	PUNCT
arjefm-79	182	78	email	email	NOUN
arjefm-79	182	79	:	:	PUNCT
arjefm-79	182	80	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	183	1	73	73	NUM
arjefm-79	184	1	|	|	ADV
arjefm-79	184	2	p	p	X
arjefm-79	184	3	a	a	DET
arjefm-79	184	4	g	g	NOUN
arjefm-79	184	5	e	e	NOUN
arjefm-79	184	6	according	accord	VERB
arjefm-79	184	7	to	to	ADP
arjefm-79	184	8	the	the	DET
arjefm-79	184	9	zivot	zivot	PROPN
arjefm-79	184	10	-	-	PUNCT
arjefm-79	184	11	andrews	andrews	PROPN
arjefm-79	184	12	unit	unit	NOUN
arjefm-79	184	13	root	root	PROPN
arjefm-79	184	14	test	test	NOUN
arjefm-79	184	15	results	result	NOUN
arjefm-79	184	16	,	,	PUNCT
arjefm-79	184	17	the	the	DET
arjefm-79	184	18	variables	variable	NOUN
arjefm-79	184	19	of	of	ADP
arjefm-79	184	20	gdp	gdp	NOUN
arjefm-79	184	21	growth	growth	NOUN
arjefm-79	184	22	and	and	CCONJ
arjefm-79	184	23	real	real	ADJ
arjefm-79	184	24	interest	interest	NOUN
arjefm-79	184	25	rate	rate	NOUN
arjefm-79	184	26	of	of	ADP
arjefm-79	184	27	government	government	NOUN
arjefm-79	184	28	domestic	domestic	ADJ
arjefm-79	184	29	debt	debt	NOUN
arjefm-79	184	30	securities	security	NOUN
arjefm-79	184	31	are	be	AUX
arjefm-79	184	32	stationary	stationary	ADJ
arjefm-79	184	33	in	in	ADP
arjefm-79	184	34	all	all	DET
arjefm-79	184	35	three	three	NUM
arjefm-79	184	36	models	model	NOUN
arjefm-79	184	37	.	.	PUNCT
arjefm-79	185	1	non	non	ADJ
arjefm-79	185	2	-	-	ADJ
arjefm-79	185	3	financial	financial	ADJ
arjefm-79	185	4	private	private	ADJ
arjefm-79	185	5	sector	sector	NOUN
arjefm-79	185	6	loan	loan	NOUN
arjefm-79	185	7	usage	usage	NOUN
arjefm-79	185	8	/	/	SYM
arjefm-79	185	9	gdp	gdp	NOUN
arjefm-79	185	10	is	be	AUX
arjefm-79	185	11	not	not	PART
arjefm-79	185	12	stationary	stationary	ADJ
arjefm-79	185	13	in	in	ADP
arjefm-79	185	14	the	the	DET
arjefm-79	185	15	intercept	intercept	NOUN
arjefm-79	185	16	model	model	NOUN
arjefm-79	185	17	and	and	CCONJ
arjefm-79	185	18	trend	trend	NOUN
arjefm-79	185	19	and	and	CCONJ
arjefm-79	185	20	intercept	intercept	NOUN
arjefm-79	185	21	model	model	NOUN
arjefm-79	185	22	,	,	PUNCT
arjefm-79	185	23	while	while	SCONJ
arjefm-79	185	24	it	it	PRON
arjefm-79	185	25	is	be	AUX
arjefm-79	185	26	stationary	stationary	ADJ
arjefm-79	185	27	in	in	ADP
arjefm-79	185	28	the	the	DET
arjefm-79	185	29	trend	trend	NOUN
arjefm-79	185	30	model	model	NOUN
arjefm-79	185	31	.	.	PUNCT
arjefm-79	186	1	eu	eu	ADJ
arjefm-79	186	2	-	-	ADJ
arjefm-79	186	3	defined	define	VERB
arjefm-79	186	4	general	general	ADJ
arjefm-79	186	5	government	government	NOUN
arjefm-79	186	6	debt	debt	NOUN
arjefm-79	186	7	stock	stock	NOUN
arjefm-79	186	8	/	/	SYM
arjefm-79	186	9	gdp	gdp	NOUN
arjefm-79	186	10	is	be	AUX
arjefm-79	186	11	not	not	PART
arjefm-79	186	12	stationary	stationary	ADJ
arjefm-79	186	13	in	in	ADP
arjefm-79	186	14	all	all	DET
arjefm-79	186	15	three	three	NUM
arjefm-79	186	16	models	model	NOUN
arjefm-79	186	17	.	.	PUNCT
arjefm-79	187	1	public	public	ADJ
arjefm-79	187	2	net	net	ADJ
arjefm-79	187	3	debt	debt	NOUN
arjefm-79	187	4	stock	stock	NOUN
arjefm-79	187	5	/	/	SYM
arjefm-79	187	6	gdp	gdp	NOUN
arjefm-79	187	7	is	be	AUX
arjefm-79	187	8	not	not	PART
arjefm-79	187	9	stationary	stationary	ADJ
arjefm-79	187	10	in	in	ADP
arjefm-79	187	11	all	all	DET
arjefm-79	187	12	three	three	NUM
arjefm-79	187	13	models	model	NOUN
arjefm-79	187	14	.	.	PUNCT
arjefm-79	188	1	the	the	DET
arjefm-79	188	2	results	result	NOUN
arjefm-79	188	3	of	of	ADP
arjefm-79	188	4	net	net	ADJ
arjefm-79	188	5	external	external	ADJ
arjefm-79	188	6	debt	debt	NOUN
arjefm-79	188	7	stock	stock	NOUN
arjefm-79	188	8	/	/	SYM
arjefm-79	188	9	gdp	gdp	NOUN
arjefm-79	188	10	are	be	AUX
arjefm-79	188	11	not	not	PART
arjefm-79	188	12	stationary	stationary	ADJ
arjefm-79	188	13	in	in	ADP
arjefm-79	188	14	the	the	DET
arjefm-79	188	15	intercept	intercept	NOUN
arjefm-79	188	16	and	and	CCONJ
arjefm-79	188	17	trend	trend	NOUN
arjefm-79	188	18	and	and	CCONJ
arjefm-79	188	19	intercept	intercept	NOUN
arjefm-79	188	20	models	model	NOUN
arjefm-79	188	21	(	(	PUNCT
arjefm-79	188	22	an	an	DET
arjefm-79	188	23	error	error	NOUN
arjefm-79	188	24	was	be	AUX
arjefm-79	188	25	obtained	obtain	VERB
arjefm-79	188	26	in	in	ADP
arjefm-79	188	27	the	the	DET
arjefm-79	188	28	test	test	NOUN
arjefm-79	188	29	results	result	NOUN
arjefm-79	188	30	of	of	ADP
arjefm-79	188	31	the	the	DET
arjefm-79	188	32	trend	trend	NOUN
arjefm-79	188	33	model	model	NOUN
arjefm-79	188	34	)	)	PUNCT
arjefm-79	188	35	.	.	PUNCT
arjefm-79	189	1	finally	finally	ADV
arjefm-79	189	2	,	,	PUNCT
arjefm-79	189	3	the	the	DET
arjefm-79	189	4	variable	variable	NOUN
arjefm-79	189	5	of	of	ADP
arjefm-79	189	6	real	real	ADJ
arjefm-79	189	7	interest	interest	NOUN
arjefm-79	189	8	rate	rate	NOUN
arjefm-79	189	9	of	of	ADP
arjefm-79	189	10	commercial	commercial	ADJ
arjefm-79	189	11	credits	credit	NOUN
arjefm-79	189	12	is	be	AUX
arjefm-79	189	13	not	not	PART
arjefm-79	189	14	stationary	stationary	ADJ
arjefm-79	189	15	in	in	ADP
arjefm-79	189	16	all	all	DET
arjefm-79	189	17	three	three	NUM
arjefm-79	189	18	models	model	NOUN
arjefm-79	189	19	.	.	PUNCT
arjefm-79	190	1	according	accord	VERB
arjefm-79	190	2	to	to	ADP
arjefm-79	190	3	the	the	DET
arjefm-79	190	4	results	result	NOUN
arjefm-79	190	5	of	of	ADP
arjefm-79	190	6	both	both	DET
arjefm-79	190	7	unit	unit	NOUN
arjefm-79	190	8	root	root	NOUN
arjefm-79	190	9	tests	test	NOUN
arjefm-79	190	10	,	,	PUNCT
arjefm-79	190	11	the	the	DET
arjefm-79	190	12	variables	variable	NOUN
arjefm-79	190	13	of	of	ADP
arjefm-79	190	14	eu	eu	PROPN
arjefm-79	190	15	-	-	ADJ
arjefm-79	190	16	defined	define	VERB
arjefm-79	190	17	general	general	ADJ
arjefm-79	190	18	government	government	NOUN
arjefm-79	190	19	debt	debt	NOUN
arjefm-79	190	20	stock	stock	NOUN
arjefm-79	190	21	/	/	SYM
arjefm-79	190	22	gdp	gdp	NOUN
arjefm-79	190	23	and	and	CCONJ
arjefm-79	190	24	net	net	ADJ
arjefm-79	190	25	external	external	ADJ
arjefm-79	190	26	debt	debt	NOUN
arjefm-79	190	27	stock	stock	NOUN
arjefm-79	190	28	/	/	SYM
arjefm-79	190	29	gdp	gdp	NOUN
arjefm-79	190	30	are	be	AUX
arjefm-79	190	31	not	not	PART
arjefm-79	190	32	stationary	stationary	ADJ
arjefm-79	190	33	.	.	PUNCT
arjefm-79	191	1	in	in	ADP
arjefm-79	191	2	particular	particular	ADJ
arjefm-79	191	3	,	,	PUNCT
arjefm-79	191	4	the	the	DET
arjefm-79	191	5	net	net	ADJ
arjefm-79	191	6	external	external	ADJ
arjefm-79	191	7	debt	debt	NOUN
arjefm-79	191	8	stock	stock	NOUN
arjefm-79	191	9	/	/	SYM
arjefm-79	191	10	gdp	gdp	NOUN
arjefm-79	191	11	variable	variable	NOUN
arjefm-79	191	12	is	be	AUX
arjefm-79	191	13	not	not	PART
arjefm-79	191	14	stationary	stationary	ADJ
arjefm-79	191	15	in	in	ADP
arjefm-79	191	16	all	all	DET
arjefm-79	191	17	tests	test	NOUN
arjefm-79	191	18	and	and	CCONJ
arjefm-79	191	19	this	this	PRON
arjefm-79	191	20	shows	show	VERB
arjefm-79	191	21	that	that	SCONJ
arjefm-79	191	22	the	the	DET
arjefm-79	191	23	external	external	ADJ
arjefm-79	191	24	debt	debt	NOUN
arjefm-79	191	25	stock	stock	NOUN
arjefm-79	191	26	is	be	AUX
arjefm-79	191	27	not	not	PART
arjefm-79	191	28	sustainable	sustainable	ADJ
arjefm-79	191	29	.	.	PUNCT
arjefm-79	192	1	eu	eu	ADJ
arjefm-79	192	2	-	-	ADJ
arjefm-79	192	3	defined	define	VERB
arjefm-79	192	4	general	general	ADJ
arjefm-79	192	5	government	government	NOUN
arjefm-79	192	6	debt	debt	NOUN
arjefm-79	192	7	stock	stock	NOUN
arjefm-79	192	8	/	/	SYM
arjefm-79	192	9	gdp	gdp	NOUN
arjefm-79	192	10	is	be	AUX
arjefm-79	192	11	also	also	ADV
arjefm-79	192	12	not	not	PART
arjefm-79	192	13	stationary	stationary	ADJ
arjefm-79	192	14	in	in	ADP
arjefm-79	192	15	the	the	DET
arjefm-79	192	16	tests	test	NOUN
arjefm-79	192	17	.	.	PUNCT
arjefm-79	193	1	however	however	ADV
arjefm-79	193	2	,	,	PUNCT
arjefm-79	193	3	when	when	SCONJ
arjefm-79	193	4	we	we	PRON
arjefm-79	193	5	examine	examine	VERB
arjefm-79	193	6	the	the	DET
arjefm-79	193	7	graph	graph	NOUN
arjefm-79	193	8	for	for	ADP
arjefm-79	193	9	this	this	DET
arjefm-79	193	10	variable	variable	NOUN
arjefm-79	193	11	,	,	PUNCT
arjefm-79	193	12	we	we	PRON
arjefm-79	193	13	can	can	AUX
arjefm-79	193	14	see	see	VERB
arjefm-79	193	15	that	that	SCONJ
arjefm-79	193	16	it	it	PRON
arjefm-79	193	17	has	have	VERB
arjefm-79	193	18	a	a	DET
arjefm-79	193	19	downward	downward	ADJ
arjefm-79	193	20	trend	trend	NOUN
arjefm-79	193	21	.	.	PUNCT
arjefm-79	194	1	the	the	DET
arjefm-79	194	2	variable	variable	NOUN
arjefm-79	194	3	of	of	ADP
arjefm-79	194	4	public	public	ADJ
arjefm-79	194	5	net	net	ADJ
arjefm-79	194	6	debt	debt	NOUN
arjefm-79	194	7	stock	stock	NOUN
arjefm-79	194	8	/	/	SYM
arjefm-79	194	9	gdp	gdp	NOUN
arjefm-79	194	10	is	be	AUX
arjefm-79	194	11	not	not	PART
arjefm-79	194	12	stationary	stationary	ADJ
arjefm-79	194	13	in	in	ADP
arjefm-79	194	14	many	many	ADJ
arjefm-79	194	15	of	of	ADP
arjefm-79	194	16	the	the	DET
arjefm-79	194	17	test	test	NOUN
arjefm-79	194	18	results	result	NOUN
arjefm-79	194	19	.	.	PUNCT
arjefm-79	195	1	when	when	SCONJ
arjefm-79	195	2	we	we	PRON
arjefm-79	195	3	examine	examine	VERB
arjefm-79	195	4	the	the	DET
arjefm-79	195	5	graph	graph	NOUN
arjefm-79	195	6	related	relate	VERB
arjefm-79	195	7	to	to	ADP
arjefm-79	195	8	this	this	DET
arjefm-79	195	9	variable	variable	NOUN
arjefm-79	195	10	,	,	PUNCT
arjefm-79	195	11	it	it	PRON
arjefm-79	195	12	is	be	AUX
arjefm-79	195	13	seen	see	VERB
arjefm-79	195	14	that	that	SCONJ
arjefm-79	195	15	it	it	PRON
arjefm-79	195	16	has	have	VERB
arjefm-79	195	17	a	a	DET
arjefm-79	195	18	decreasing	decrease	VERB
arjefm-79	195	19	tendency	tendency	NOUN
arjefm-79	195	20	,	,	PUNCT
arjefm-79	195	21	except	except	SCONJ
arjefm-79	195	22	for	for	ADP
arjefm-79	195	23	the	the	DET
arjefm-79	195	24	increases	increase	NOUN
arjefm-79	195	25	in	in	ADP
arjefm-79	195	26	2008	2008	NUM
arjefm-79	195	27	and	and	CCONJ
arjefm-79	195	28	2018	2018	NUM
arjefm-79	195	29	.	.	PUNCT
arjefm-79	196	1	the	the	DET
arjefm-79	196	2	variable	variable	NOUN
arjefm-79	196	3	of	of	ADP
arjefm-79	196	4	non	non	ADJ
arjefm-79	196	5	-	-	ADJ
arjefm-79	196	6	financial	financial	ADJ
arjefm-79	196	7	private	private	ADJ
arjefm-79	196	8	sector	sector	NOUN
arjefm-79	196	9	loan	loan	NOUN
arjefm-79	196	10	usage	usage	NOUN
arjefm-79	196	11	/	/	SYM
arjefm-79	196	12	gdp	gdp	NOUN
arjefm-79	196	13	is	be	AUX
arjefm-79	196	14	not	not	PART
arjefm-79	196	15	stationary	stationary	ADJ
arjefm-79	196	16	in	in	ADP
arjefm-79	196	17	either	either	PRON
arjefm-79	196	18	of	of	ADP
arjefm-79	196	19	the	the	DET
arjefm-79	196	20	zivot	zivot	PROPN
arjefm-79	196	21	-	-	PUNCT
arjefm-79	196	22	andrews	andrews	PROPN
arjefm-79	196	23	test	test	NOUN
arjefm-79	196	24	results	result	NOUN
arjefm-79	196	25	.	.	PUNCT
arjefm-79	197	1	when	when	SCONJ
arjefm-79	197	2	we	we	PRON
arjefm-79	197	3	examine	examine	VERB
arjefm-79	197	4	the	the	DET
arjefm-79	197	5	graph	graph	NOUN
arjefm-79	197	6	related	relate	VERB
arjefm-79	197	7	to	to	ADP
arjefm-79	197	8	this	this	DET
arjefm-79	197	9	variable	variable	ADJ
arjefm-79	197	10	,	,	PUNCT
arjefm-79	197	11	non	non	ADJ
arjefm-79	197	12	-	-	ADJ
arjefm-79	197	13	financial	financial	ADJ
arjefm-79	197	14	private	private	ADJ
arjefm-79	197	15	sector	sector	NOUN
arjefm-79	197	16	loan	loan	NOUN
arjefm-79	197	17	usage	usage	NOUN
arjefm-79	197	18	has	have	AUX
arjefm-79	197	19	had	have	VERB
arjefm-79	197	20	an	an	DET
arjefm-79	197	21	increasing	increase	VERB
arjefm-79	197	22	tendency	tendency	NOUN
arjefm-79	197	23	ever	ever	ADV
arjefm-79	197	24	since	since	SCONJ
arjefm-79	197	25	2005	2005	NUM
arjefm-79	197	26	.	.	PUNCT
arjefm-79	198	1	according	accord	VERB
arjefm-79	198	2	to	to	ADP
arjefm-79	198	3	the	the	DET
arjefm-79	198	4	results	result	NOUN
arjefm-79	198	5	of	of	ADP
arjefm-79	198	6	both	both	DET
arjefm-79	198	7	unit	unit	NOUN
arjefm-79	198	8	root	root	NOUN
arjefm-79	198	9	tests	test	NOUN
arjefm-79	198	10	,	,	PUNCT
arjefm-79	198	11	gdp	gdp	NOUN
arjefm-79	198	12	growth	growth	NOUN
arjefm-79	198	13	and	and	CCONJ
arjefm-79	198	14	real	real	ADJ
arjefm-79	198	15	interest	interest	NOUN
arjefm-79	198	16	rate	rate	NOUN
arjefm-79	198	17	of	of	ADP
arjefm-79	198	18	government	government	NOUN
arjefm-79	198	19	domestic	domestic	ADJ
arjefm-79	198	20	debt	debt	NOUN
arjefm-79	198	21	securities	security	NOUN
arjefm-79	198	22	are	be	AUX
arjefm-79	198	23	stationary	stationary	ADJ
arjefm-79	198	24	.	.	PUNCT
arjefm-79	199	1	real	real	ADJ
arjefm-79	199	2	interest	interest	NOUN
arjefm-79	199	3	rate	rate	NOUN
arjefm-79	199	4	of	of	ADP
arjefm-79	199	5	commercial	commercial	ADJ
arjefm-79	199	6	credits	credit	NOUN
arjefm-79	199	7	is	be	AUX
arjefm-79	199	8	stationary	stationary	ADJ
arjefm-79	199	9	in	in	ADP
arjefm-79	199	10	the	the	DET
arjefm-79	199	11	adf	adf	NOUN
arjefm-79	199	12	tests	test	NOUN
arjefm-79	199	13	while	while	SCONJ
arjefm-79	199	14	it	it	PRON
arjefm-79	199	15	is	be	AUX
arjefm-79	199	16	not	not	PART
arjefm-79	199	17	so	so	ADV
arjefm-79	199	18	in	in	ADP
arjefm-79	199	19	the	the	DET
arjefm-79	199	20	zivot	zivot	PROPN
arjefm-79	199	21	-	-	PUNCT
arjefm-79	199	22	andrews	andrews	PROPN
arjefm-79	199	23	tests	test	NOUN
arjefm-79	199	24	.	.	PUNCT
arjefm-79	200	1	as	as	SCONJ
arjefm-79	200	2	mentioned	mention	VERB
arjefm-79	200	3	above	above	ADV
arjefm-79	200	4	,	,	PUNCT
arjefm-79	200	5	the	the	DET
arjefm-79	200	6	levels	level	NOUN
arjefm-79	200	7	of	of	ADP
arjefm-79	200	8	differences	difference	NOUN
arjefm-79	200	9	between	between	ADP
arjefm-79	200	10	real	real	ADJ
arjefm-79	200	11	interest	interest	NOUN
arjefm-79	200	12	rates	rate	NOUN
arjefm-79	200	13	and	and	CCONJ
arjefm-79	200	14	gdp	gdp	NOUN
arjefm-79	200	15	growth	growth	NOUN
arjefm-79	200	16	are	be	AUX
arjefm-79	200	17	vital	vital	ADJ
arjefm-79	200	18	in	in	ADP
arjefm-79	200	19	the	the	DET
arjefm-79	200	20	examination	examination	NOUN
arjefm-79	200	21	of	of	ADP
arjefm-79	200	22	financial	financial	ADJ
arjefm-79	200	23	sustainability	sustainability	NOUN
arjefm-79	200	24	.	.	PUNCT
arjefm-79	201	1	when	when	SCONJ
arjefm-79	201	2	we	we	PRON
arjefm-79	201	3	examine	examine	VERB
arjefm-79	201	4	the	the	DET
arjefm-79	201	5	level	level	NOUN
arjefm-79	201	6	of	of	ADP
arjefm-79	201	7	difference	difference	NOUN
arjefm-79	201	8	between	between	ADP
arjefm-79	201	9	gdp	gdp	NOUN
arjefm-79	201	10	growth	growth	NOUN
arjefm-79	201	11	and	and	CCONJ
arjefm-79	201	12	real	real	ADJ
arjefm-79	201	13	interest	interest	NOUN
arjefm-79	201	14	rate	rate	NOUN
arjefm-79	201	15	of	of	ADP
arjefm-79	201	16	government	government	NOUN
arjefm-79	201	17	domestic	domestic	ADJ
arjefm-79	201	18	debt	debt	NOUN
arjefm-79	201	19	securities	security	NOUN
arjefm-79	201	20	in	in	ADP
arjefm-79	201	21	graph	graph	NOUN
arjefm-79	201	22	8	8	NUM
arjefm-79	201	23	,	,	PUNCT
arjefm-79	201	24	we	we	PRON
arjefm-79	201	25	can	can	AUX
arjefm-79	201	26	see	see	VERB
arjefm-79	201	27	that	that	DET
arjefm-79	201	28	real	real	ADJ
arjefm-79	201	29	interest	interest	NOUN
arjefm-79	201	30	rate	rate	NOUN
arjefm-79	201	31	of	of	ADP
arjefm-79	201	32	government	government	NOUN
arjefm-79	201	33	domestic	domestic	ADJ
arjefm-79	201	34	debt	debt	NOUN
arjefm-79	201	35	securities	security	NOUN
arjefm-79	201	36	was	be	AUX
arjefm-79	201	37	higher	high	ADJ
arjefm-79	201	38	than	than	ADP
arjefm-79	201	39	the	the	DET
arjefm-79	201	40	growth	growth	NOUN
arjefm-79	201	41	rates	rate	NOUN
arjefm-79	201	42	between	between	ADP
arjefm-79	201	43	2002	2002	NUM
arjefm-79	201	44	and	and	CCONJ
arjefm-79	201	45	the	the	DET
arjefm-79	201	46	end	end	NOUN
arjefm-79	201	47	of	of	ADP
arjefm-79	201	48	2009	2009	NUM
arjefm-79	201	49	,	,	PUNCT
arjefm-79	201	50	but	but	CCONJ
arjefm-79	201	51	the	the	DET
arjefm-79	201	52	difference	difference	NOUN
arjefm-79	201	53	was	be	AUX
arjefm-79	201	54	balanced	balance	VERB
arjefm-79	201	55	in	in	ADP
arjefm-79	201	56	2010	2010	NUM
arjefm-79	201	57	.	.	PUNCT
arjefm-79	202	1	when	when	SCONJ
arjefm-79	202	2	we	we	PRON
arjefm-79	202	3	examine	examine	VERB
arjefm-79	202	4	graph	graph	NOUN
arjefm-79	202	5	3	3	NUM
arjefm-79	202	6	,	,	PUNCT
arjefm-79	202	7	we	we	PRON
arjefm-79	202	8	can	can	AUX
arjefm-79	202	9	see	see	VERB
arjefm-79	202	10	that	that	SCONJ
arjefm-79	202	11	the	the	DET
arjefm-79	202	12	public	public	ADJ
arjefm-79	202	13	net	net	ADJ
arjefm-79	202	14	debt	debt	NOUN
arjefm-79	202	15	stock	stock	NOUN
arjefm-79	202	16	had	have	VERB
arjefm-79	202	17	a	a	DET
arjefm-79	202	18	decreasing	decrease	VERB
arjefm-79	202	19	tendency	tendency	NOUN
arjefm-79	202	20	until	until	ADP
arjefm-79	202	21	2008	2008	NUM
arjefm-79	202	22	;	;	PUNCT
arjefm-79	202	23	similarly	similarly	ADV
arjefm-79	202	24	,	,	PUNCT
arjefm-79	202	25	in	in	ADP
arjefm-79	202	26	graph	graph	NOUN
arjefm-79	202	27	4	4	NUM
arjefm-79	202	28	,	,	PUNCT
arjefm-79	202	29	the	the	DET
arjefm-79	202	30	net	net	ADJ
arjefm-79	202	31	external	external	ADJ
arjefm-79	202	32	debt	debt	NOUN
arjefm-79	202	33	stock	stock	NOUN
arjefm-79	202	34	variable	variable	NOUN
arjefm-79	202	35	has	have	VERB
arjefm-79	202	36	a	a	DET
arjefm-79	202	37	decreasing	decrease	VERB
arjefm-79	202	38	tendency	tendency	NOUN
arjefm-79	202	39	until	until	ADP
arjefm-79	202	40	2006	2006	NUM
arjefm-79	202	41	and	and	CCONJ
arjefm-79	202	42	it	it	PRON
arjefm-79	202	43	is	be	AUX
arjefm-79	202	44	balanced	balance	VERB
arjefm-79	202	45	between	between	ADP
arjefm-79	202	46	the	the	DET
arjefm-79	202	47	years	year	NOUN
arjefm-79	202	48	of	of	ADP
arjefm-79	202	49	2006	2006	NUM
arjefm-79	202	50	and	and	CCONJ
arjefm-79	202	51	2008	2008	NUM
arjefm-79	202	52	.	.	PUNCT
arjefm-79	203	1	in	in	ADP
arjefm-79	203	2	this	this	DET
arjefm-79	203	3	period	period	NOUN
arjefm-79	203	4	,	,	PUNCT
arjefm-79	203	5	high	high	ADJ
arjefm-79	203	6	real	real	ADJ
arjefm-79	203	7	interest	interest	NOUN
arjefm-79	203	8	rates	rate	NOUN
arjefm-79	203	9	were	be	AUX
arjefm-79	203	10	applied	apply	VERB
arjefm-79	203	11	in	in	ADP
arjefm-79	203	12	public	public	ADJ
arjefm-79	203	13	internal	internal	ADJ
arjefm-79	203	14	borrowing	borrowing	NOUN
arjefm-79	203	15	,	,	PUNCT
arjefm-79	203	16	decreasing	decrease	VERB
arjefm-79	203	17	the	the	DET
arjefm-79	203	18	net	net	ADJ
arjefm-79	203	19	debt	debt	NOUN
arjefm-79	203	20	stock	stock	NOUN
arjefm-79	203	21	.	.	PUNCT
arjefm-79	204	1	after	after	ADP
arjefm-79	204	2	2010	2010	NUM
arjefm-79	204	3	,	,	PUNCT
arjefm-79	204	4	balance	balance	NOUN
arjefm-79	204	5	was	be	AUX
arjefm-79	204	6	restored	restore	VERB
arjefm-79	204	7	between	between	ADP
arjefm-79	204	8	real	real	ADJ
arjefm-79	204	9	interest	interest	NOUN
arjefm-79	204	10	rate	rate	NOUN
arjefm-79	204	11	of	of	ADP
arjefm-79	204	12	government	government	NOUN
arjefm-79	204	13	domestic	domestic	ADJ
arjefm-79	204	14	debt	debt	NOUN
arjefm-79	204	15	securities	security	NOUN
arjefm-79	204	16	and	and	CCONJ
arjefm-79	204	17	the	the	DET
arjefm-79	204	18	growth	growth	NOUN
arjefm-79	204	19	rate	rate	NOUN
arjefm-79	204	20	.	.	PUNCT
arjefm-79	205	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	205	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	206	1	american	american	PROPN
arjefm-79	206	2	research	research	PROPN
arjefm-79	206	3	journal	journal	PROPN
arjefm-79	206	4	of	of	ADP
arjefm-79	206	5	economics	economic	NOUN
arjefm-79	206	6	,	,	PUNCT
arjefm-79	206	7	finance	finance	NOUN
arjefm-79	206	8	and	and	CCONJ
arjefm-79	206	9	management	management	NOUN
arjefm-79	206	10	volume	volume	NOUN
arjefm-79	206	11	11	11	NUM
arjefm-79	206	12	issue	issue	NOUN
arjefm-79	206	13	1	1	NUM
arjefm-79	206	14	,	,	PUNCT
arjefm-79	206	15	january	january	PROPN
arjefm-79	206	16	-	-	PUNCT
arjefm-79	206	17	march	march	PROPN
arjefm-79	206	18	2023	2023	NUM
arjefm-79	206	19	issn	issn	NOUN
arjefm-79	206	20	:	:	PUNCT
arjefm-79	206	21	2836	2836	NUM
arjefm-79	206	22	-	-	SYM
arjefm-79	206	23	9416	9416	NUM
arjefm-79	206	24	impact	impact	NOUN
arjefm-79	206	25	factor	factor	NOUN
arjefm-79	206	26	:	:	PUNCT
arjefm-79	206	27	5.57	5.57	NUM
arjefm-79	206	28	journal	journal	NOUN
arjefm-79	206	29	homepage	homepage	NOUN
arjefm-79	206	30	:	:	PUNCT
arjefm-79	206	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	206	32	,	,	PUNCT
arjefm-79	206	33	email	email	NOUN
arjefm-79	206	34	:	:	PUNCT
arjefm-79	207	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	207	2	official	official	ADJ
arjefm-79	207	3	journal	journal	PROPN
arjefm-79	207	4	of	of	ADP
arjefm-79	207	5	america	america	PROPN
arjefm-79	207	6	serial	serial	PROPN
arjefm-79	207	7	publication	publication	NOUN
arjefm-79	207	8	american	american	PROPN
arjefm-79	207	9	research	research	PROPN
arjefm-79	207	10	journal	journal	PROPN
arjefm-79	207	11	of	of	ADP
arjefm-79	207	12	economics	economic	NOUN
arjefm-79	207	13	,	,	PUNCT
arjefm-79	207	14	finance	finance	NOUN
arjefm-79	207	15	and	and	CCONJ
arjefm-79	207	16	management	management	NOUN
arjefm-79	207	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	207	18	,	,	PUNCT
arjefm-79	207	19	email	email	NOUN
arjefm-79	207	20	:	:	PUNCT
arjefm-79	207	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	208	1	74	74	NUM
arjefm-79	209	1	|	|	ADV
arjefm-79	209	2	p	p	X
arjefm-79	209	3	a	a	DET
arjefm-79	209	4	g	g	NOUN
arjefm-79	209	5	e	e	NOUN
arjefm-79	209	6	when	when	SCONJ
arjefm-79	209	7	we	we	PRON
arjefm-79	209	8	examine	examine	VERB
arjefm-79	209	9	the	the	DET
arjefm-79	209	10	level	level	NOUN
arjefm-79	209	11	of	of	ADP
arjefm-79	209	12	difference	difference	NOUN
arjefm-79	209	13	between	between	ADP
arjefm-79	209	14	the	the	DET
arjefm-79	209	15	variables	variable	NOUN
arjefm-79	209	16	of	of	ADP
arjefm-79	209	17	gdp	gdp	NOUN
arjefm-79	209	18	growth	growth	NOUN
arjefm-79	209	19	and	and	CCONJ
arjefm-79	209	20	real	real	ADJ
arjefm-79	209	21	interest	interest	NOUN
arjefm-79	209	22	rate	rate	NOUN
arjefm-79	209	23	of	of	ADP
arjefm-79	209	24	commercial	commercial	ADJ
arjefm-79	209	25	credits	credit	NOUN
arjefm-79	209	26	in	in	ADP
arjefm-79	209	27	graph	graph	NOUN
arjefm-79	209	28	9	9	NUM
arjefm-79	209	29	,	,	PUNCT
arjefm-79	209	30	we	we	PRON
arjefm-79	209	31	can	can	AUX
arjefm-79	209	32	see	see	VERB
arjefm-79	209	33	that	that	SCONJ
arjefm-79	209	34	the	the	DET
arjefm-79	209	35	real	real	ADJ
arjefm-79	209	36	interest	interest	NOUN
arjefm-79	209	37	rate	rate	NOUN
arjefm-79	209	38	of	of	ADP
arjefm-79	209	39	commercial	commercial	ADJ
arjefm-79	209	40	credit	credit	NOUN
arjefm-79	209	41	is	be	AUX
arjefm-79	209	42	higher	high	ADJ
arjefm-79	209	43	than	than	ADP
arjefm-79	209	44	the	the	DET
arjefm-79	209	45	growth	growth	NOUN
arjefm-79	209	46	rate	rate	NOUN
arjefm-79	209	47	and	and	CCONJ
arjefm-79	209	48	there	there	PRON
arjefm-79	209	49	is	be	VERB
arjefm-79	209	50	no	no	DET
arjefm-79	209	51	balance	balance	NOUN
arjefm-79	209	52	,	,	PUNCT
arjefm-79	209	53	except	except	SCONJ
arjefm-79	209	54	in	in	ADP
arjefm-79	209	55	some	some	DET
arjefm-79	209	56	periods	period	NOUN
arjefm-79	209	57	.	.	PUNCT
arjefm-79	210	1	after	after	ADP
arjefm-79	210	2	2005	2005	NUM
arjefm-79	210	3	(	(	PUNCT
arjefm-79	210	4	graph	graph	NOUN
arjefm-79	210	5	1	1	NUM
arjefm-79	210	6	)	)	PUNCT
arjefm-79	210	7	,	,	PUNCT
arjefm-79	210	8	the	the	DET
arjefm-79	210	9	nonfinancial	nonfinancial	ADJ
arjefm-79	210	10	private	private	ADJ
arjefm-79	210	11	sector	sector	NOUN
arjefm-79	210	12	’s	’s	PART
arjefm-79	210	13	loan	loan	NOUN
arjefm-79	210	14	usage	usage	NOUN
arjefm-79	210	15	increased	increase	VERB
arjefm-79	210	16	,	,	PUNCT
arjefm-79	210	17	while	while	SCONJ
arjefm-79	210	18	net	net	ADJ
arjefm-79	210	19	external	external	ADJ
arjefm-79	210	20	debt	debt	NOUN
arjefm-79	210	21	stock	stock	NOUN
arjefm-79	210	22	increased	increase	VERB
arjefm-79	210	23	after	after	ADP
arjefm-79	210	24	2008	2008	NUM
arjefm-79	210	25	(	(	PUNCT
arjefm-79	210	26	graph	graph	NOUN
arjefm-79	210	27	4	4	NUM
arjefm-79	210	28	)	)	PUNCT
arjefm-79	210	29	.	.	PUNCT
arjefm-79	211	1	5	5	X
arjefm-79	211	2	.	.	X
arjefm-79	211	3	conclusion	conclusion	NOUN
arjefm-79	211	4	discussions	discussion	NOUN
arjefm-79	211	5	on	on	ADP
arjefm-79	211	6	sustainability	sustainability	NOUN
arjefm-79	211	7	in	in	ADP
arjefm-79	211	8	turkey	turkey	NOUN
arjefm-79	211	9	became	become	VERB
arjefm-79	211	10	especially	especially	ADV
arjefm-79	211	11	prominent	prominent	ADJ
arjefm-79	211	12	after	after	ADP
arjefm-79	211	13	the	the	DET
arjefm-79	211	14	2001	2001	NUM
arjefm-79	211	15	economic	economic	ADJ
arjefm-79	211	16	crisis	crisis	NOUN
arjefm-79	211	17	.	.	PUNCT
arjefm-79	212	1	resource	resource	NOUN
arjefm-79	212	2	requirements	requirement	NOUN
arjefm-79	212	3	of	of	ADP
arjefm-79	212	4	the	the	DET
arjefm-79	212	5	private	private	ADJ
arjefm-79	212	6	sector	sector	NOUN
arjefm-79	212	7	became	become	VERB
arjefm-79	212	8	as	as	ADV
arjefm-79	212	9	important	important	ADJ
arjefm-79	212	10	as	as	ADP
arjefm-79	212	11	the	the	DET
arjefm-79	212	12	resource	resource	NOUN
arjefm-79	212	13	requirements	requirement	NOUN
arjefm-79	212	14	of	of	ADP
arjefm-79	212	15	the	the	DET
arjefm-79	212	16	public	public	ADJ
arjefm-79	212	17	sector	sector	NOUN
arjefm-79	212	18	.	.	PUNCT
arjefm-79	213	1	this	this	DET
arjefm-79	213	2	period	period	NOUN
arjefm-79	213	3	not	not	PART
arjefm-79	213	4	only	only	ADV
arjefm-79	213	5	raised	raise	VERB
arjefm-79	213	6	the	the	DET
arjefm-79	213	7	importance	importance	NOUN
arjefm-79	213	8	of	of	ADP
arjefm-79	213	9	fiscal	fiscal	ADJ
arjefm-79	213	10	sustainability	sustainability	NOUN
arjefm-79	213	11	but	but	CCONJ
arjefm-79	213	12	also	also	ADV
arjefm-79	213	13	brought	bring	VERB
arjefm-79	213	14	up	up	ADP
arjefm-79	213	15	the	the	DET
arjefm-79	213	16	issue	issue	NOUN
arjefm-79	213	17	of	of	ADP
arjefm-79	213	18	the	the	DET
arjefm-79	213	19	sustainability	sustainability	NOUN
arjefm-79	213	20	of	of	ADP
arjefm-79	213	21	the	the	DET
arjefm-79	213	22	debts	debt	NOUN
arjefm-79	213	23	of	of	ADP
arjefm-79	213	24	the	the	DET
arjefm-79	213	25	private	private	ADJ
arjefm-79	213	26	sector	sector	NOUN
arjefm-79	213	27	.	.	PUNCT
arjefm-79	214	1	the	the	DET
arjefm-79	214	2	loan	loan	NOUN
arjefm-79	214	3	usage	usage	NOUN
arjefm-79	214	4	of	of	ADP
arjefm-79	214	5	both	both	CCONJ
arjefm-79	214	6	the	the	DET
arjefm-79	214	7	public	public	ADJ
arjefm-79	214	8	and	and	CCONJ
arjefm-79	214	9	private	private	ADJ
arjefm-79	214	10	sectors	sector	NOUN
arjefm-79	214	11	and	and	CCONJ
arjefm-79	214	12	the	the	DET
arjefm-79	214	13	sustainability	sustainability	NOUN
arjefm-79	214	14	of	of	ADP
arjefm-79	214	15	these	these	DET
arjefm-79	214	16	loans	loan	NOUN
arjefm-79	214	17	lead	lead	VERB
arjefm-79	214	18	us	we	PRON
arjefm-79	214	19	to	to	ADP
arjefm-79	214	20	the	the	DET
arjefm-79	214	21	concept	concept	NOUN
arjefm-79	214	22	of	of	ADP
arjefm-79	214	23	financial	financial	ADJ
arjefm-79	214	24	sustainability	sustainability	NOUN
arjefm-79	214	25	.	.	PUNCT
arjefm-79	215	1	this	this	DET
arjefm-79	215	2	study	study	NOUN
arjefm-79	215	3	examines	examine	VERB
arjefm-79	215	4	the	the	DET
arjefm-79	215	5	concept	concept	NOUN
arjefm-79	215	6	of	of	ADP
arjefm-79	215	7	sustainability	sustainability	NOUN
arjefm-79	215	8	not	not	PART
arjefm-79	215	9	only	only	ADV
arjefm-79	215	10	as	as	ADP
arjefm-79	215	11	fiscal	fiscal	ADJ
arjefm-79	215	12	sustainability	sustainability	NOUN
arjefm-79	215	13	but	but	CCONJ
arjefm-79	215	14	also	also	ADV
arjefm-79	215	15	as	as	ADP
arjefm-79	215	16	financial	financial	ADJ
arjefm-79	215	17	while	while	SCONJ
arjefm-79	215	18	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	215	19	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	215	20	american	american	PROPN
arjefm-79	215	21	research	research	PROPN
arjefm-79	215	22	journal	journal	PROPN
arjefm-79	215	23	of	of	ADP
arjefm-79	215	24	economics	economic	NOUN
arjefm-79	215	25	,	,	PUNCT
arjefm-79	215	26	finance	finance	NOUN
arjefm-79	215	27	and	and	CCONJ
arjefm-79	215	28	management	management	NOUN
arjefm-79	215	29	volume	volume	NOUN
arjefm-79	215	30	11	11	NUM
arjefm-79	215	31	issue	issue	NOUN
arjefm-79	215	32	1	1	NUM
arjefm-79	215	33	,	,	PUNCT
arjefm-79	215	34	january	january	PROPN
arjefm-79	215	35	-	-	PUNCT
arjefm-79	215	36	march	march	PROPN
arjefm-79	215	37	2023	2023	NUM
arjefm-79	215	38	issn	issn	NOUN
arjefm-79	215	39	:	:	PUNCT
arjefm-79	215	40	2836	2836	NUM
arjefm-79	215	41	-	-	SYM
arjefm-79	215	42	9416	9416	NUM
arjefm-79	215	43	impact	impact	NOUN
arjefm-79	215	44	factor	factor	NOUN
arjefm-79	215	45	:	:	PUNCT
arjefm-79	215	46	5.57	5.57	NUM
arjefm-79	215	47	journal	journal	NOUN
arjefm-79	215	48	homepage	homepage	NOUN
arjefm-79	215	49	:	:	PUNCT
arjefm-79	215	50	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	215	51	,	,	PUNCT
arjefm-79	215	52	email	email	NOUN
arjefm-79	215	53	:	:	PUNCT
arjefm-79	215	54	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	215	55	official	official	ADJ
arjefm-79	215	56	journal	journal	PROPN
arjefm-79	215	57	of	of	ADP
arjefm-79	215	58	america	america	PROPN
arjefm-79	215	59	serial	serial	PROPN
arjefm-79	215	60	publication	publication	NOUN
arjefm-79	215	61	american	american	PROPN
arjefm-79	215	62	research	research	PROPN
arjefm-79	215	63	journal	journal	PROPN
arjefm-79	215	64	of	of	ADP
arjefm-79	215	65	economics	economic	NOUN
arjefm-79	215	66	,	,	PUNCT
arjefm-79	215	67	finance	finance	NOUN
arjefm-79	215	68	and	and	CCONJ
arjefm-79	215	69	management	management	NOUN
arjefm-79	215	70	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	215	71	,	,	PUNCT
arjefm-79	215	72	email	email	NOUN
arjefm-79	215	73	:	:	PUNCT
arjefm-79	216	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	216	2	75	75	NUM
arjefm-79	217	1	|	|	ADV
arjefm-79	217	2	p	p	X
arjefm-79	217	3	a	a	DET
arjefm-79	217	4	g	g	NOUN
arjefm-79	217	5	e	e	PROPN
arjefm-79	217	6	previous	previous	ADJ
arjefm-79	217	7	studies	study	NOUN
arjefm-79	217	8	focused	focus	VERB
arjefm-79	217	9	solely	solely	ADV
arjefm-79	217	10	on	on	ADP
arjefm-79	217	11	fiscal	fiscal	ADJ
arjefm-79	217	12	sustainability	sustainability	NOUN
arjefm-79	217	13	.	.	PUNCT
arjefm-79	218	1	this	this	DET
arjefm-79	218	2	study	study	NOUN
arjefm-79	218	3	has	have	AUX
arjefm-79	218	4	used	use	VERB
arjefm-79	218	5	the	the	DET
arjefm-79	218	6	quarterly	quarterly	ADJ
arjefm-79	218	7	data	datum	NOUN
arjefm-79	218	8	from	from	ADP
arjefm-79	218	9	the	the	DET
arjefm-79	218	10	years	year	NOUN
arjefm-79	218	11	of	of	ADP
arjefm-79	218	12	2002	2002	NUM
arjefm-79	218	13	-	-	SYM
arjefm-79	218	14	2018	2018	NUM
arjefm-79	218	15	,	,	PUNCT
arjefm-79	218	16	analyzed	analyze	VERB
arjefm-79	218	17	the	the	DET
arjefm-79	218	18	stationarity	stationarity	NOUN
arjefm-79	218	19	of	of	ADP
arjefm-79	218	20	the	the	DET
arjefm-79	218	21	variables	variable	NOUN
arjefm-79	218	22	with	with	ADP
arjefm-79	218	23	adf	adf	PROPN
arjefm-79	218	24	and	and	CCONJ
arjefm-79	218	25	zivot	zivot	PROPN
arjefm-79	218	26	-	-	PUNCT
arjefm-79	218	27	andrews	andrews	PROPN
arjefm-79	218	28	unit	unit	NOUN
arjefm-79	218	29	root	root	NOUN
arjefm-79	218	30	tests	test	NOUN
arjefm-79	218	31	,	,	PUNCT
arjefm-79	218	32	and	and	CCONJ
arjefm-79	218	33	examined	examine	VERB
arjefm-79	218	34	the	the	DET
arjefm-79	218	35	interactions	interaction	NOUN
arjefm-79	218	36	between	between	ADP
arjefm-79	218	37	the	the	DET
arjefm-79	218	38	variables	variable	NOUN
arjefm-79	218	39	with	with	ADP
arjefm-79	218	40	graphs	graph	NOUN
arjefm-79	218	41	.	.	PUNCT
arjefm-79	219	1	in	in	ADP
arjefm-79	219	2	many	many	ADJ
arjefm-79	219	3	studies	study	NOUN
arjefm-79	219	4	conducted	conduct	VERB
arjefm-79	219	5	on	on	ADP
arjefm-79	219	6	fiscal	fiscal	ADJ
arjefm-79	219	7	sustainability	sustainability	NOUN
arjefm-79	219	8	in	in	ADP
arjefm-79	219	9	turkey	turkey	NOUN
arjefm-79	219	10	,	,	PUNCT
arjefm-79	219	11	it	it	PRON
arjefm-79	219	12	was	be	AUX
arjefm-79	219	13	seen	see	VERB
arjefm-79	219	14	that	that	SCONJ
arjefm-79	219	15	fiscal	fiscal	ADJ
arjefm-79	219	16	sustainability	sustainability	NOUN
arjefm-79	219	17	is	be	AUX
arjefm-79	219	18	not	not	PART
arjefm-79	219	19	ensured	ensure	VERB
arjefm-79	219	20	.	.	PUNCT
arjefm-79	220	1	according	accord	VERB
arjefm-79	220	2	to	to	ADP
arjefm-79	220	3	the	the	DET
arjefm-79	220	4	findings	finding	NOUN
arjefm-79	220	5	of	of	ADP
arjefm-79	220	6	the	the	DET
arjefm-79	220	7	analysis	analysis	NOUN
arjefm-79	220	8	and	and	CCONJ
arjefm-79	220	9	examinations	examination	NOUN
arjefm-79	220	10	of	of	ADP
arjefm-79	220	11	this	this	DET
arjefm-79	220	12	study	study	NOUN
arjefm-79	220	13	,	,	PUNCT
arjefm-79	220	14	there	there	PRON
arjefm-79	220	15	is	be	VERB
arjefm-79	220	16	no	no	DET
arjefm-79	220	17	clear	clear	ADJ
arjefm-79	220	18	positive	positive	ADJ
arjefm-79	220	19	or	or	CCONJ
arjefm-79	220	20	negative	negative	ADJ
arjefm-79	220	21	result	result	NOUN
arjefm-79	220	22	on	on	ADP
arjefm-79	220	23	fiscal	fiscal	ADJ
arjefm-79	220	24	sustainability	sustainability	NOUN
arjefm-79	220	25	,	,	PUNCT
arjefm-79	220	26	while	while	SCONJ
arjefm-79	220	27	financial	financial	ADJ
arjefm-79	220	28	sustainability	sustainability	NOUN
arjefm-79	220	29	can	can	AUX
arjefm-79	220	30	not	not	PART
arjefm-79	220	31	be	be	AUX
arjefm-79	220	32	ensured	ensure	VERB
arjefm-79	220	33	.	.	PUNCT
arjefm-79	221	1	references	reference	NOUN
arjefm-79	221	2	ahmed	ahmed	PROPN
arjefm-79	221	3	,	,	PUNCT
arjefm-79	221	4	s.	s.	PROPN
arjefm-79	221	5	&	&	CCONJ
arjefm-79	221	6	rogers	rogers	PROPN
arjefm-79	221	7	,	,	PUNCT
arjefm-79	221	8	j.	j.	PROPN
arjefm-79	221	9	h.	h.	PROPN
arjefm-79	221	10	(	(	PUNCT
arjefm-79	221	11	1995	1995	NUM
arjefm-79	221	12	)	)	PUNCT
arjefm-79	221	13	.	.	PUNCT
arjefm-79	222	1	government	government	NOUN
arjefm-79	222	2	budget	budget	NOUN
arjefm-79	222	3	deficits	deficit	NOUN
arjefm-79	222	4	and	and	CCONJ
arjefm-79	222	5	trade	trade	NOUN
arjefm-79	222	6	deficits	deficit	NOUN
arjefm-79	222	7	:	:	PUNCT
arjefm-79	222	8	are	be	AUX
arjefm-79	222	9	present	present	ADJ
arjefm-79	222	10	value	value	NOUN
arjefm-79	222	11	constraints	constraint	NOUN
arjefm-79	222	12	satisfied	satisfied	ADJ
arjefm-79	222	13	in	in	ADP
arjefm-79	222	14	long	long	ADJ
arjefm-79	222	15	-	-	PUNCT
arjefm-79	222	16	term	term	NOUN
arjefm-79	222	17	data	datum	NOUN
arjefm-79	222	18	?	?	PUNCT
arjefm-79	223	1	journal	journal	NOUN
arjefm-79	223	2	of	of	ADP
arjefm-79	223	3	monetary	monetary	ADJ
arjefm-79	223	4	economics	economic	NOUN
arjefm-79	223	5	,	,	PUNCT
arjefm-79	223	6	36	36	NUM
arjefm-79	223	7	(	(	PUNCT
arjefm-79	223	8	2	2	NUM
arjefm-79	223	9	)	)	PUNCT
arjefm-79	223	10	,	,	PUNCT
arjefm-79	223	11	351374	351374	NUM
arjefm-79	223	12	.	.	PUNCT
arjefm-79	224	1	aslan	aslan	PROPN
arjefm-79	224	2	,	,	PUNCT
arjefm-79	224	3	a.	a.	PROPN
arjefm-79	224	4	(	(	PUNCT
arjefm-79	224	5	2009	2009	NUM
arjefm-79	224	6	)	)	PUNCT
arjefm-79	224	7	.	.	PUNCT
arjefm-79	225	1	the	the	DET
arjefm-79	225	2	dynamic	dynamic	ADJ
arjefm-79	225	3	analysis	analysis	NOUN
arjefm-79	225	4	of	of	ADP
arjefm-79	225	5	the	the	DET
arjefm-79	225	6	sustainability	sustainability	NOUN
arjefm-79	225	7	of	of	ADP
arjefm-79	225	8	budget	budget	NOUN
arjefm-79	225	9	deficit	deficit	NOUN
arjefm-79	225	10	:	:	PUNCT
arjefm-79	225	11	the	the	DET
arjefm-79	225	12	case	case	NOUN
arjefm-79	225	13	of	of	ADP
arjefm-79	225	14	turkey	turkey	PROPN
arjefm-79	225	15	.	.	PUNCT
arjefm-79	226	1	maliye	maliye	PROPN
arjefm-79	226	2	dergisi	dergisi	PROPN
arjefm-79	226	3	,	,	PUNCT
arjefm-79	226	4	157	157	NUM
arjefm-79	226	5	,	,	PUNCT
arjefm-79	226	6	227	227	NUM
arjefm-79	226	7	-	-	SYM
arjefm-79	226	8	234	234	NUM
arjefm-79	226	9	.	.	PUNCT
arjefm-79	227	1	baglioni	baglioni	PROPN
arjefm-79	227	2	,	,	PUNCT
arjefm-79	227	3	a.	a.	PROPN
arjefm-79	227	4	&	&	CCONJ
arjefm-79	227	5	cherubini	cherubini	PROPN
arjefm-79	227	6	,	,	PUNCT
arjefm-79	227	7	u.	u.	NOUN
arjefm-79	227	8	(	(	PUNCT
arjefm-79	227	9	1993	1993	NUM
arjefm-79	227	10	)	)	PUNCT
arjefm-79	227	11	.	.	PUNCT
arjefm-79	228	1	intertemporal	intertemporal	ADJ
arjefm-79	228	2	budget	budget	NOUN
arjefm-79	228	3	constraint	constraint	NOUN
arjefm-79	228	4	and	and	CCONJ
arjefm-79	228	5	public	public	ADJ
arjefm-79	228	6	debt	debt	NOUN
arjefm-79	228	7	sustainability	sustainability	NOUN
arjefm-79	228	8	:	:	PUNCT
arjefm-79	228	9	the	the	DET
arjefm-79	228	10	case	case	NOUN
arjefm-79	228	11	of	of	ADP
arjefm-79	228	12	italy	italy	PROPN
arjefm-79	228	13	.	.	PUNCT
arjefm-79	229	1	applied	apply	VERB
arjefm-79	229	2	economics	economic	NOUN
arjefm-79	229	3	,	,	PUNCT
arjefm-79	229	4	25	25	NUM
arjefm-79	229	5	(	(	PUNCT
arjefm-79	229	6	2	2	NUM
arjefm-79	229	7	)	)	PUNCT
arjefm-79	229	8	,	,	PUNCT
arjefm-79	229	9	275	275	NUM
arjefm-79	229	10	-	-	SYM
arjefm-79	229	11	283	283	NUM
arjefm-79	229	12	.	.	PUNCT
arjefm-79	230	1	blanchard	blanchard	PROPN
arjefm-79	230	2	,	,	PUNCT
arjefm-79	230	3	o.	o.	PROPN
arjefm-79	230	4	,	,	PUNCT
arjefm-79	230	5	chouraqui	chouraqui	NOUN
arjefm-79	230	6	,	,	PUNCT
arjefm-79	230	7	j.	j.	PROPN
arjefm-79	230	8	c.	c.	PROPN
arjefm-79	230	9	,	,	PUNCT
arjefm-79	230	10	hagemann	hagemann	PROPN
arjefm-79	230	11	r.p	r.p	PROPN
arjefm-79	230	12	.	.	PROPN
arjefm-79	230	13	&	&	CCONJ
arjefm-79	230	14	sartor	sartor	PROPN
arjefm-79	230	15	,	,	PUNCT
arjefm-79	230	16	n.	n.	NOUN
arjefm-79	230	17	(	(	PUNCT
arjefm-79	230	18	1991	1991	NUM
arjefm-79	230	19	)	)	PUNCT
arjefm-79	230	20	.	.	PUNCT
arjefm-79	231	1	the	the	DET
arjefm-79	231	2	sustainability	sustainability	NOUN
arjefm-79	231	3	of	of	ADP
arjefm-79	231	4	fiscal	fiscal	ADJ
arjefm-79	231	5	policy	policy	NOUN
arjefm-79	231	6	:	:	PUNCT
arjefm-79	231	7	new	new	ADJ
arjefm-79	231	8	answers	answer	NOUN
arjefm-79	231	9	to	to	ADP
arjefm-79	231	10	an	an	DET
arjefm-79	231	11	old	old	ADJ
arjefm-79	231	12	question	question	NOUN
arjefm-79	231	13	.	.	PUNCT
arjefm-79	232	1	national	national	ADJ
arjefm-79	232	2	bureau	bureau	PROPN
arjefm-79	232	3	of	of	ADP
arjefm-79	232	4	economic	economic	ADJ
arjefm-79	232	5	research	research	NOUN
arjefm-79	232	6	(	(	PUNCT
arjefm-79	232	7	nber	nber	PROPN
arjefm-79	232	8	)	)	PUNCT
arjefm-79	232	9	,	,	PUNCT
arjefm-79	232	10	working	work	VERB
arjefm-79	232	11	paper	paper	NOUN
arjefm-79	232	12	no	no	INTJ
arjefm-79	232	13	:	:	PUNCT
arjefm-79	232	14	r1547	r1547	VERB
arjefm-79	232	15	,	,	PUNCT
arjefm-79	232	16	7	7	NUM
arjefm-79	232	17	-	-	SYM
arjefm-79	232	18	36	36	NUM
arjefm-79	232	19	.	.	PUNCT
arjefm-79	233	1	buiter	buiter	PROPN
arjefm-79	233	2	,	,	PUNCT
arjefm-79	233	3	w.	w.	PROPN
arjefm-79	233	4	h.	h.	PROPN
arjefm-79	233	5	(	(	PUNCT
arjefm-79	233	6	1983	1983	NUM
arjefm-79	233	7	)	)	PUNCT
arjefm-79	233	8	.	.	PUNCT
arjefm-79	234	1	measurement	measurement	NOUN
arjefm-79	234	2	of	of	ADP
arjefm-79	234	3	the	the	DET
arjefm-79	234	4	public	public	ADJ
arjefm-79	234	5	sector	sector	NOUN
arjefm-79	234	6	deficit	deficit	NOUN
arjefm-79	234	7	and	and	CCONJ
arjefm-79	234	8	its	its	PRON
arjefm-79	234	9	implications	implication	NOUN
arjefm-79	234	10	for	for	ADP
arjefm-79	234	11	policy	policy	NOUN
arjefm-79	234	12	evaluation	evaluation	NOUN
arjefm-79	234	13	and	and	CCONJ
arjefm-79	234	14	design	design	NOUN
arjefm-79	234	15	.	.	PUNCT
arjefm-79	235	1	imf	imf	PROPN
arjefm-79	235	2	staff	staff	NOUN
arjefm-79	235	3	papers	paper	NOUN
arjefm-79	235	4	,	,	PUNCT
arjefm-79	235	5	30	30	NUM
arjefm-79	235	6	(	(	PUNCT
arjefm-79	235	7	2	2	NUM
arjefm-79	235	8	)	)	PUNCT
arjefm-79	235	9	,	,	PUNCT
arjefm-79	235	10	306	306	NUM
arjefm-79	235	11	-	-	SYM
arjefm-79	235	12	349	349	NUM
arjefm-79	235	13	.	.	PUNCT
arjefm-79	236	1	burnside	burnside	PROPN
arjefm-79	236	2	,	,	PUNCT
arjefm-79	236	3	c.	c.	PROPN
arjefm-79	236	4	(	(	PUNCT
arjefm-79	236	5	2005	2005	NUM
arjefm-79	236	6	)	)	PUNCT
arjefm-79	236	7	.	.	PUNCT
arjefm-79	237	1	theoretical	theoretical	ADJ
arjefm-79	237	2	prerequisites	prerequisite	NOUN
arjefm-79	237	3	for	for	ADP
arjefm-79	237	4	fiscal	fiscal	ADJ
arjefm-79	237	5	sustainability	sustainability	NOUN
arjefm-79	237	6	analysis	analysis	NOUN
arjefm-79	237	7	.	.	PUNCT
arjefm-79	238	1	fiscal	fiscal	ADJ
arjefm-79	238	2	sustainability	sustainability	NOUN
arjefm-79	238	3	in	in	ADP
arjefm-79	238	4	theory	theory	NOUN
arjefm-79	238	5	and	and	CCONJ
arjefm-79	238	6	practice	practice	NOUN
arjefm-79	238	7	:	:	PUNCT
arjefm-79	238	8	a	a	DET
arjefm-79	238	9	handbook	handbook	NOUN
arjefm-79	238	10	inside	inside	ADV
arjefm-79	238	11	,	,	PUNCT
arjefm-79	238	12	a	a	DET
arjefm-79	238	13	world	world	NOUN
arjefm-79	238	14	bank	bank	NOUN
arjefm-79	238	15	publication	publication	NOUN
arjefm-79	238	16	:	:	PUNCT
arjefm-79	238	17	washington	washington	PROPN
arjefm-79	238	18	dc	dc	PROPN
arjefm-79	238	19	.	.	PUNCT
arjefm-79	239	1	campbell	campbell	PROPN
arjefm-79	239	2	,	,	PUNCT
arjefm-79	239	3	j.	j.	PROPN
arjefm-79	239	4	y.	y.	PROPN
arjefm-79	239	5	&	&	CCONJ
arjefm-79	239	6	peron	peron	PROPN
arjefm-79	239	7	,	,	PUNCT
arjefm-79	239	8	p.	p.	NOUN
arjefm-79	239	9	(	(	PUNCT
arjefm-79	239	10	1991	1991	NUM
arjefm-79	239	11	)	)	PUNCT
arjefm-79	239	12	.	.	PUNCT
arjefm-79	240	1	pitfalls	pitfall	NOUN
arjefm-79	240	2	and	and	CCONJ
arjefm-79	240	3	opportunities	opportunity	NOUN
arjefm-79	240	4	:	:	PUNCT
arjefm-79	240	5	what	what	DET
arjefm-79	240	6	macroeconomists	macroeconomist	NOUN
arjefm-79	240	7	should	should	AUX
arjefm-79	240	8	know	know	VERB
arjefm-79	240	9	about	about	ADP
arjefm-79	240	10	unit	unit	NOUN
arjefm-79	240	11	roots	root	NOUN
arjefm-79	240	12	.	.	PUNCT
arjefm-79	241	1	nber	nber	PROPN
arjefm-79	241	2	macroeconomics	macroeconomics	PROPN
arjefm-79	241	3	annual	annual	ADJ
arjefm-79	241	4	,	,	PUNCT
arjefm-79	241	5	6	6	NUM
arjefm-79	241	6	,	,	PUNCT
arjefm-79	241	7	141	141	NUM
arjefm-79	241	8	-	-	SYM
arjefm-79	241	9	201	201	NUM
arjefm-79	241	10	.	.	PUNCT
arjefm-79	242	1	croce	croce	PROPN
arjefm-79	242	2	,	,	PUNCT
arjefm-79	242	3	e.	e.	PROPN
arjefm-79	242	4	&	&	CCONJ
arjefm-79	242	5	juan	juan	PROPN
arjefm-79	242	6	-	-	PUNCT
arjefm-79	242	7	ramon	ramon	PROPN
arjefm-79	242	8	,	,	PUNCT
arjefm-79	242	9	v.	v.	PROPN
arjefm-79	242	10	h.	h.	PROPN
arjefm-79	242	11	(	(	PUNCT
arjefm-79	242	12	2003	2003	NUM
arjefm-79	242	13	)	)	PUNCT
arjefm-79	242	14	.	.	PUNCT
arjefm-79	243	1	assessing	assess	VERB
arjefm-79	243	2	fiscal	fiscal	ADJ
arjefm-79	243	3	sustainability	sustainability	NOUN
arjefm-79	243	4	:	:	PUNCT
arjefm-79	243	5	a	a	DET
arjefm-79	243	6	crosscountry	crosscountry	PROPN
arjefm-79	243	7	comparision	comparision	NOUN
arjefm-79	243	8	.	.	PUNCT
arjefm-79	244	1	imf	imf	PROPN
arjefm-79	244	2	working	working	PROPN
arjefm-79	244	3	paper	paper	PROPN
arjefm-79	244	4	wp/03/145	wp/03/145	PROPN
arjefm-79	244	5	.	.	PUNCT
arjefm-79	245	1	edwards	edwards	PROPN
arjefm-79	245	2	,	,	PUNCT
arjefm-79	245	3	s.	s.	PROPN
arjefm-79	245	4	&	&	CCONJ
arjefm-79	245	5	vergara	vergara	PROPN
arjefm-79	245	6	,	,	PUNCT
arjefm-79	245	7	r.	r.	PROPN
arjefm-79	245	8	(	(	PUNCT
arjefm-79	245	9	2002	2002	NUM
arjefm-79	245	10	)	)	PUNCT
arjefm-79	245	11	.	.	PUNCT
arjefm-79	246	1	fiscal	fiscal	ADJ
arjefm-79	246	2	sustainability	sustainability	NOUN
arjefm-79	246	3	,	,	PUNCT
arjefm-79	246	4	debt	debt	NOUN
arjefm-79	246	5	dynamics	dynamic	NOUN
arjefm-79	246	6	and	and	CCONJ
arjefm-79	246	7	debt	debt	NOUN
arjefm-79	246	8	relief	relief	NOUN
arjefm-79	246	9	:	:	PUNCT
arjefm-79	246	10	the	the	DET
arjefm-79	246	11	cases	case	NOUN
arjefm-79	246	12	of	of	ADP
arjefm-79	246	13	nicaragua	nicaragua	PROPN
arjefm-79	246	14	and	and	CCONJ
arjefm-79	246	15	honduras	honduras	PROPN
arjefm-79	246	16	.	.	PUNCT
arjefm-79	247	1	inter	inter	ADJ
arjefm-79	247	2	-	-	ADJ
arjefm-79	247	3	american	american	PROPN
arjefm-79	247	4	development	development	PROPN
arjefm-79	247	5	bank	bank	PROPN
arjefm-79	247	6	,	,	PUNCT
arjefm-79	247	7	economic	economic	ADJ
arjefm-79	247	8	and	and	CCONJ
arjefm-79	247	9	sector	sector	NOUN
arjefm-79	247	10	study	study	NOUN
arjefm-79	247	11	series	series	NOUN
arjefm-79	247	12	,	,	PUNCT
arjefm-79	247	13	re2	re2	PROPN
arjefm-79	247	14	-	-	PUNCT
arjefm-79	247	15	02	02	NUM
arjefm-79	247	16	-	-	PUNCT
arjefm-79	247	17	005	005	NUM
arjefm-79	247	18	,	,	PUNCT
arjefm-79	247	19	1	1	NUM
arjefm-79	247	20	-	-	SYM
arjefm-79	247	21	60	60	NUM
arjefm-79	247	22	.	.	PUNCT
arjefm-79	248	1	feve	feve	PROPN
arjefm-79	248	2	,	,	PUNCT
arjefm-79	248	3	p.	p.	PROPN
arjefm-79	248	4	&	&	CCONJ
arjefm-79	248	5	henin	henin	PROPN
arjefm-79	248	6	,	,	PUNCT
arjefm-79	248	7	p.	p.	NOUN
arjefm-79	248	8	(	(	PUNCT
arjefm-79	248	9	2000	2000	NUM
arjefm-79	248	10	)	)	PUNCT
arjefm-79	248	11	.	.	PUNCT
arjefm-79	249	1	assessing	assess	VERB
arjefm-79	249	2	effective	effective	ADJ
arjefm-79	249	3	sustainability	sustainability	NOUN
arjefm-79	249	4	of	of	ADP
arjefm-79	249	5	fiscal	fiscal	ADJ
arjefm-79	249	6	policy	policy	NOUN
arjefm-79	249	7	within	within	ADP
arjefm-79	249	8	the	the	DET
arjefm-79	249	9	g-7	g-7	NOUN
arjefm-79	249	10	.	.	PUNCT
arjefm-79	250	1	oxford	oxford	ADJ
arjefm-79	250	2	bulletin	bulletin	NOUN
arjefm-79	250	3	of	of	ADP
arjefm-79	250	4	economics	economic	NOUN
arjefm-79	250	5	and	and	CCONJ
arjefm-79	250	6	statistic	statistic	NOUN
arjefm-79	250	7	,	,	PUNCT
arjefm-79	250	8	62	62	NUM
arjefm-79	250	9	,	,	PUNCT
arjefm-79	250	10	175	175	NUM
arjefm-79	250	11	-	-	SYM
arjefm-79	250	12	195	195	NUM
arjefm-79	250	13	.	.	PUNCT
arjefm-79	250	14	fraser	fraser	PROPN
arjefm-79	250	15	,	,	PUNCT
arjefm-79	250	16	g.	g.	PROPN
arjefm-79	250	17	(	(	PUNCT
arjefm-79	250	18	1999	1999	NUM
arjefm-79	250	19	)	)	PUNCT
arjefm-79	250	20	.	.	PUNCT
arjefm-79	251	1	the	the	DET
arjefm-79	251	2	monetary	monetary	ADJ
arjefm-79	251	3	and	and	CCONJ
arjefm-79	251	4	fiscal	fiscal	ADJ
arjefm-79	251	5	implications	implication	NOUN
arjefm-79	251	6	of	of	ADP
arjefm-79	251	7	achieving	achieve	VERB
arjefm-79	251	8	debt	debt	NOUN
arjefm-79	251	9	sustainability	sustainability	NOUN
arjefm-79	251	10	.	.	PUNCT
arjefm-79	252	1	the	the	DET
arjefm-79	252	2	caribbean	caribbean	ADJ
arjefm-79	252	3	centre	centre	NOUN
arjefm-79	252	4	for	for	ADP
arjefm-79	252	5	monetary	monetary	ADJ
arjefm-79	252	6	studies	study	NOUN
arjefm-79	252	7	xxxi	xxxi	PROPN
arjefm-79	252	8	annual	annual	ADJ
arjefm-79	252	9	conference	conference	NOUN
arjefm-79	252	10	,	,	PUNCT
arjefm-79	252	11	paramaribo	paramaribo	PROPN
arjefm-79	252	12	,	,	PUNCT
arjefm-79	252	13	suriname	suriname	PROPN
arjefm-79	252	14	.	.	PUNCT
arjefm-79	253	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	253	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	254	1	american	american	PROPN
arjefm-79	254	2	research	research	PROPN
arjefm-79	254	3	journal	journal	PROPN
arjefm-79	254	4	of	of	ADP
arjefm-79	254	5	economics	economic	NOUN
arjefm-79	254	6	,	,	PUNCT
arjefm-79	254	7	finance	finance	NOUN
arjefm-79	254	8	and	and	CCONJ
arjefm-79	254	9	management	management	NOUN
arjefm-79	254	10	volume	volume	NOUN
arjefm-79	254	11	11	11	NUM
arjefm-79	254	12	issue	issue	NOUN
arjefm-79	254	13	1	1	NUM
arjefm-79	254	14	,	,	PUNCT
arjefm-79	254	15	january	january	PROPN
arjefm-79	254	16	-	-	PUNCT
arjefm-79	254	17	march	march	PROPN
arjefm-79	254	18	2023	2023	NUM
arjefm-79	254	19	issn	issn	NOUN
arjefm-79	254	20	:	:	PUNCT
arjefm-79	254	21	2836	2836	NUM
arjefm-79	254	22	-	-	SYM
arjefm-79	254	23	9416	9416	NUM
arjefm-79	254	24	impact	impact	NOUN
arjefm-79	254	25	factor	factor	NOUN
arjefm-79	254	26	:	:	PUNCT
arjefm-79	254	27	5.57	5.57	NUM
arjefm-79	254	28	journal	journal	NOUN
arjefm-79	254	29	homepage	homepage	NOUN
arjefm-79	254	30	:	:	PUNCT
arjefm-79	254	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	254	32	,	,	PUNCT
arjefm-79	254	33	email	email	NOUN
arjefm-79	254	34	:	:	PUNCT
arjefm-79	255	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	255	2	official	official	ADJ
arjefm-79	255	3	journal	journal	PROPN
arjefm-79	255	4	of	of	ADP
arjefm-79	255	5	america	america	PROPN
arjefm-79	255	6	serial	serial	PROPN
arjefm-79	255	7	publication	publication	NOUN
arjefm-79	255	8	american	american	PROPN
arjefm-79	255	9	research	research	PROPN
arjefm-79	255	10	journal	journal	PROPN
arjefm-79	255	11	of	of	ADP
arjefm-79	255	12	economics	economic	NOUN
arjefm-79	255	13	,	,	PUNCT
arjefm-79	255	14	finance	finance	NOUN
arjefm-79	255	15	and	and	CCONJ
arjefm-79	255	16	management	management	NOUN
arjefm-79	255	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	255	18	,	,	PUNCT
arjefm-79	255	19	email	email	NOUN
arjefm-79	255	20	:	:	PUNCT
arjefm-79	255	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	256	1	76	76	NUM
arjefm-79	257	1	|	|	ADV
arjefm-79	257	2	p	p	X
arjefm-79	257	3	a	a	DET
arjefm-79	257	4	g	g	NOUN
arjefm-79	257	5	e	e	NOUN
arjefm-79	257	6	göktan	göktan	PROPN
arjefm-79	257	7	,	,	PUNCT
arjefm-79	257	8	a.	a.	NOUN
arjefm-79	257	9	(	(	PUNCT
arjefm-79	257	10	2008	2008	NUM
arjefm-79	257	11	)	)	PUNCT
arjefm-79	257	12	.	.	PUNCT
arjefm-79	258	1	an	an	DET
arjefm-79	258	2	empirical	empirical	ADJ
arjefm-79	258	3	study	study	NOUN
arjefm-79	258	4	on	on	ADP
arjefm-79	258	5	fiscal	fiscal	ADJ
arjefm-79	258	6	sustainability	sustainability	NOUN
arjefm-79	258	7	in	in	ADP
arjefm-79	258	8	turkey	turkey	NOUN
arjefm-79	258	9	.	.	PUNCT
arjefm-79	259	1	marmara	marmara	PROPN
arjefm-79	259	2	üniversitesi	üniversitesi	PROPN
arjefm-79	259	3	,	,	PUNCT
arjefm-79	259	4	i̇ktisadi	i̇ktisadi	NOUN
arjefm-79	259	5	ve	ve	ADP
arjefm-79	259	6	i̇dari	i̇dari	ADJ
arjefm-79	259	7	bilimler	bilimler	PROPN
arjefm-79	259	8	fakültesi	fakültesi	PROPN
arjefm-79	259	9	dergisi	dergisi	PROPN
arjefm-79	259	10	,	,	PUNCT
arjefm-79	259	11	25	25	NUM
arjefm-79	259	12	(	(	PUNCT
arjefm-79	259	13	2	2	NUM
arjefm-79	259	14	)	)	PUNCT
arjefm-79	259	15	,	,	PUNCT
arjefm-79	259	16	425	425	NUM
arjefm-79	259	17	-	-	SYM
arjefm-79	259	18	445	445	NUM
arjefm-79	259	19	.	.	PUNCT
arjefm-79	260	1	hamilton	hamilton	PROPN
arjefm-79	260	2	,	,	PUNCT
arjefm-79	260	3	j.	j.	PROPN
arjefm-79	260	4	d.	d.	PROPN
arjefm-79	260	5	&	&	CCONJ
arjefm-79	260	6	flavin	flavin	PROPN
arjefm-79	260	7	,	,	PUNCT
arjefm-79	260	8	m.	m.	NOUN
arjefm-79	260	9	a.	a.	NOUN
arjefm-79	260	10	(	(	PUNCT
arjefm-79	260	11	1986	1986	NUM
arjefm-79	260	12	)	)	PUNCT
arjefm-79	260	13	.	.	PUNCT
arjefm-79	261	1	on	on	ADP
arjefm-79	261	2	the	the	DET
arjefm-79	261	3	limitations	limitation	NOUN
arjefm-79	261	4	of	of	ADP
arjefm-79	261	5	government	government	NOUN
arjefm-79	261	6	borrowing	borrowing	NOUN
arjefm-79	261	7	:	:	PUNCT
arjefm-79	261	8	a	a	DET
arjefm-79	261	9	framework	framework	NOUN
arjefm-79	261	10	for	for	ADP
arjefm-79	261	11	empirical	empirical	ADJ
arjefm-79	261	12	testing	testing	NOUN
arjefm-79	261	13	.	.	PUNCT
arjefm-79	262	1	american	american	PROPN
arjefm-79	262	2	economic	economic	PROPN
arjefm-79	262	3	review	review	PROPN
arjefm-79	262	4	,	,	PUNCT
arjefm-79	262	5	76	76	NUM
arjefm-79	262	6	(	(	PUNCT
arjefm-79	262	7	4	4	NUM
arjefm-79	262	8	)	)	PUNCT
arjefm-79	262	9	,	,	PUNCT
arjefm-79	262	10	809	809	NUM
arjefm-79	262	11	-	-	SYM
arjefm-79	262	12	819	819	NUM
arjefm-79	262	13	.	.	PUNCT
arjefm-79	263	1	hepsağ	hepsağ	PROPN
arjefm-79	263	2	,	,	PUNCT
arjefm-79	263	3	a.	a.	NOUN
arjefm-79	263	4	(	(	PUNCT
arjefm-79	263	5	2011	2011	NUM
arjefm-79	263	6	)	)	PUNCT
arjefm-79	263	7	.	.	PUNCT
arjefm-79	264	1	the	the	DET
arjefm-79	264	2	analysis	analysis	NOUN
arjefm-79	264	3	of	of	ADP
arjefm-79	264	4	sustainability	sustainability	NOUN
arjefm-79	264	5	of	of	ADP
arjefm-79	264	6	fiscal	fiscal	ADJ
arjefm-79	264	7	policies	policy	NOUN
arjefm-79	264	8	by	by	ADP
arjefm-79	264	9	periodic	periodic	ADJ
arjefm-79	264	10	unit	unit	NOUN
arjefm-79	264	11	root	root	NOUN
arjefm-79	264	12	test	test	NOUN
arjefm-79	264	13	with	with	ADP
arjefm-79	264	14	structural	structural	ADJ
arjefm-79	264	15	break	break	NOUN
arjefm-79	264	16	:	:	PUNCT
arjefm-79	264	17	the	the	DET
arjefm-79	264	18	case	case	NOUN
arjefm-79	264	19	of	of	ADP
arjefm-79	264	20	turkey	turkey	NOUN
arjefm-79	264	21	.	.	PUNCT
arjefm-79	265	1	doğuş	doğuş	PROPN
arjefm-79	265	2	üniversitesi	üniversitesi	PROPN
arjefm-79	265	3	dergisi	dergisi	PROPN
arjefm-79	265	4	,	,	PUNCT
arjefm-79	265	5	12	12	NUM
arjefm-79	265	6	(	(	PUNCT
arjefm-79	265	7	1	1	NUM
arjefm-79	265	8	)	)	PUNCT
arjefm-79	265	9	,	,	PUNCT
arjefm-79	265	10	32	32	NUM
arjefm-79	265	11	-	-	SYM
arjefm-79	265	12	45	45	NUM
arjefm-79	265	13	.	.	PUNCT
arjefm-79	266	1	izquierdo	izquierdo	PROPN
arjefm-79	266	2	,	,	PUNCT
arjefm-79	266	3	a.	a.	PROPN
arjefm-79	266	4	&	&	CCONJ
arjefm-79	266	5	panizza	panizza	PROPN
arjefm-79	266	6	,	,	PUNCT
arjefm-79	266	7	u.	u.	PROPN
arjefm-79	266	8	(	(	PUNCT
arjefm-79	266	9	2003	2003	NUM
arjefm-79	266	10	)	)	PUNCT
arjefm-79	266	11	.	.	PUNCT
arjefm-79	267	1	fiscal	fiscal	ADJ
arjefm-79	267	2	sustainability	sustainability	NOUN
arjefm-79	267	3	:	:	PUNCT
arjefm-79	267	4	issues	issue	NOUN
arjefm-79	267	5	for	for	ADP
arjefm-79	267	6	emerging	emerge	VERB
arjefm-79	267	7	market	market	NOUN
arjefm-79	267	8	countries	country	NOUN
arjefm-79	267	9	.	.	PUNCT
arjefm-79	268	1	egyptian	egyptian	ADJ
arjefm-79	268	2	economic	economic	PROPN
arjefm-79	268	3	research	research	PROPN
arjefm-79	268	4	center	center	PROPN
arjefm-79	268	5	working	working	NOUN
arjefm-79	268	6	paper	paper	NOUN
arjefm-79	268	7	,	,	PUNCT
arjefm-79	268	8	91	91	NUM
arjefm-79	268	9	,	,	PUNCT
arjefm-79	268	10	1	1	NUM
arjefm-79	268	11	-	-	SYM
arjefm-79	268	12	40	40	NUM
arjefm-79	268	13	.	.	PUNCT
arjefm-79	269	1	karatay	karatay	NOUN
arjefm-79	269	2	gögül	gögül	PROPN
arjefm-79	269	3	,	,	PUNCT
arjefm-79	269	4	p.	p.	NOUN
arjefm-79	269	5	(	(	PUNCT
arjefm-79	269	6	2016	2016	NUM
arjefm-79	269	7	)	)	PUNCT
arjefm-79	269	8	.	.	PUNCT
arjefm-79	270	1	fiscal	fiscal	ADJ
arjefm-79	270	2	sustainability	sustainability	NOUN
arjefm-79	270	3	analysis	analysis	NOUN
arjefm-79	270	4	in	in	ADP
arjefm-79	270	5	the	the	DET
arjefm-79	270	6	frame	frame	NOUN
arjefm-79	270	7	of	of	ADP
arjefm-79	270	8	structural	structural	ADJ
arjefm-79	270	9	changes	change	NOUN
arjefm-79	270	10	for	for	ADP
arjefm-79	270	11	turkey	turkey	NOUN
arjefm-79	270	12	(	(	PUNCT
arjefm-79	270	13	2002	2002	NUM
arjefm-79	270	14	-	-	SYM
arjefm-79	270	15	2015	2015	NUM
arjefm-79	270	16	)	)	PUNCT
arjefm-79	270	17	.	.	PUNCT
arjefm-79	271	1	siyaset	siyaset	PROPN
arjefm-79	271	2	,	,	PUNCT
arjefm-79	271	3	ekonomi	ekonomi	PROPN
arjefm-79	271	4	ve	ve	VERB
arjefm-79	271	5	yönetim	yönetim	PROPN
arjefm-79	271	6	araştırmaları	araştırmaları	PROPN
arjefm-79	271	7	dergisi	dergisi	PROPN
arjefm-79	271	8	,	,	PUNCT
arjefm-79	271	9	4	4	NUM
arjefm-79	271	10	(	(	PUNCT
arjefm-79	271	11	2	2	NUM
arjefm-79	271	12	)	)	PUNCT
arjefm-79	271	13	,	,	PUNCT
arjefm-79	271	14	87	87	NUM
arjefm-79	271	15	-	-	SYM
arjefm-79	271	16	109	109	NUM
arjefm-79	271	17	.	.	PUNCT
arjefm-79	272	1	karluk	karluk	PROPN
arjefm-79	272	2	s.r	s.r	PROPN
arjefm-79	272	3	.	.	PROPN
arjefm-79	272	4	(	(	PUNCT
arjefm-79	272	5	2002	2002	NUM
arjefm-79	272	6	)	)	PUNCT
arjefm-79	272	7	.	.	PUNCT
arjefm-79	273	1	türkiye	türkiye	PROPN
arjefm-79	273	2	ekonomisi	ekonomisi	PROPN
arjefm-79	273	3	,	,	PUNCT
arjefm-79	273	4	tarihsel	tarihsel	NOUN
arjefm-79	273	5	gelişim	gelişim	X
arjefm-79	273	6	yapısal	yapısal	PROPN
arjefm-79	273	7	ve	ve	PROPN
arjefm-79	273	8	sosyal	sosyal	PROPN
arjefm-79	273	9	değişim	değişim	PROPN
arjefm-79	273	10	,	,	PUNCT
arjefm-79	273	11	7	7	NUM
arjefm-79	273	12	.	.	PUNCT
arjefm-79	273	13	baskı	baskı	NOUN
arjefm-79	273	14	,	,	PUNCT
arjefm-79	273	15	beta	beta	ADJ
arjefm-79	273	16	yayınları	yayınları	NOUN
arjefm-79	273	17	,	,	PUNCT
arjefm-79	273	18	i̇stanbul	i̇stanbul	X
arjefm-79	273	19	.	.	PUNCT
arjefm-79	274	1	kremers	kremer	NOUN
arjefm-79	274	2	,	,	PUNCT
arjefm-79	274	3	j.j.m	j.j.m	NOUN
arjefm-79	274	4	.	.	PUNCT
arjefm-79	274	5	(	(	PUNCT
arjefm-79	274	6	1988	1988	NUM
arjefm-79	274	7	)	)	PUNCT
arjefm-79	274	8	.	.	PUNCT
arjefm-79	275	1	long	long	ADV
arjefm-79	275	2	-	-	PUNCT
arjefm-79	275	3	run	run	NOUN
arjefm-79	275	4	limits	limit	NOUN
arjefm-79	275	5	on	on	ADP
arjefm-79	275	6	the	the	DET
arjefm-79	275	7	us	us	PROPN
arjefm-79	275	8	federal	federal	ADJ
arjefm-79	275	9	debt	debt	NOUN
arjefm-79	275	10	.	.	PUNCT
arjefm-79	276	1	economic	economic	ADJ
arjefm-79	276	2	letters	letter	NOUN
arjefm-79	276	3	,	,	PUNCT
arjefm-79	276	4	28	28	NUM
arjefm-79	276	5	(	(	PUNCT
arjefm-79	276	6	3	3	NUM
arjefm-79	276	7	)	)	PUNCT
arjefm-79	276	8	,	,	PUNCT
arjefm-79	276	9	259	259	NUM
arjefm-79	276	10	-	-	SYM
arjefm-79	276	11	262	262	NUM
arjefm-79	276	12	.	.	PUNCT
arjefm-79	277	1	makrydakis	makrydakis	PROPN
arjefm-79	277	2	,	,	PUNCT
arjefm-79	277	3	s.	s.	PROPN
arjefm-79	277	4	,	,	PUNCT
arjefm-79	277	5	tzavalis	tzavalis	PROPN
arjefm-79	277	6	,	,	PUNCT
arjefm-79	277	7	e.	e.	PROPN
arjefm-79	277	8	&	&	CCONJ
arjefm-79	277	9	balfoussias	balfoussias	PROPN
arjefm-79	277	10	,	,	PUNCT
arjefm-79	277	11	a.	a.	NOUN
arjefm-79	277	12	(	(	PUNCT
arjefm-79	277	13	1999	1999	NUM
arjefm-79	277	14	)	)	PUNCT
arjefm-79	277	15	.	.	PUNCT
arjefm-79	278	1	policy	policy	NOUN
arjefm-79	278	2	regime	regime	NOUN
arjefm-79	278	3	changes	change	NOUN
arjefm-79	278	4	and	and	CCONJ
arjefm-79	278	5	the	the	DET
arjefm-79	278	6	long	long	ADV
arjefm-79	278	7	-	-	PUNCT
arjefm-79	278	8	run	run	VERB
arjefm-79	278	9	sustainability	sustainability	NOUN
arjefm-79	278	10	of	of	ADP
arjefm-79	278	11	fiscal	fiscal	ADJ
arjefm-79	278	12	policy	policy	NOUN
arjefm-79	278	13	:	:	PUNCT
arjefm-79	278	14	an	an	DET
arjefm-79	278	15	applicaton	applicaton	NOUN
arjefm-79	278	16	to	to	ADP
arjefm-79	278	17	greece	greece	PROPN
arjefm-79	278	18	.	.	PUNCT
arjefm-79	279	1	economic	economic	ADJ
arjefm-79	279	2	modelling	modelling	NOUN
arjefm-79	279	3	,	,	PUNCT
arjefm-79	279	4	16	16	NUM
arjefm-79	279	5	,	,	PUNCT
arjefm-79	279	6	71	71	NUM
arjefm-79	279	7	-	-	SYM
arjefm-79	279	8	86	86	NUM
arjefm-79	279	9	.	.	PUNCT
arjefm-79	280	1	ono	ono	PROPN
arjefm-79	280	2	,	,	PUNCT
arjefm-79	280	3	h.	h.	PROPN
arjefm-79	280	4	(	(	PUNCT
arjefm-79	280	5	2008	2008	NUM
arjefm-79	280	6	)	)	PUNCT
arjefm-79	280	7	.	.	PUNCT
arjefm-79	281	1	searching	search	VERB
arjefm-79	281	2	for	for	ADP
arjefm-79	281	3	non	non	ADJ
arjefm-79	281	4	-	-	ADJ
arjefm-79	281	5	linear	linear	ADJ
arjefm-79	281	6	effects	effect	NOUN
arjefm-79	281	7	and	and	CCONJ
arjefm-79	281	8	fiscal	fiscal	ADJ
arjefm-79	281	9	sustainability	sustainability	NOUN
arjefm-79	281	10	in	in	ADP
arjefm-79	281	11	g-7	g-7	PROPN
arjefm-79	281	12	countries	country	NOUN
arjefm-79	281	13	.	.	PUNCT
arjefm-79	282	1	applied	apply	VERB
arjefm-79	282	2	economics	economic	NOUN
arjefm-79	282	3	letters	letter	NOUN
arjefm-79	282	4	,	,	PUNCT
arjefm-79	282	5	15	15	NUM
arjefm-79	282	6	,	,	PUNCT
arjefm-79	282	7	457	457	NUM
arjefm-79	282	8	-	-	SYM
arjefm-79	282	9	460	460	NUM
arjefm-79	282	10	.	.	PUNCT
arjefm-79	283	1	perron	perron	PROPN
arjefm-79	283	2	,	,	PUNCT
arjefm-79	283	3	p.	p.	NOUN
arjefm-79	283	4	(	(	PUNCT
arjefm-79	283	5	1989	1989	NUM
arjefm-79	283	6	)	)	PUNCT
arjefm-79	283	7	.	.	PUNCT
arjefm-79	284	1	the	the	DET
arjefm-79	284	2	great	great	ADJ
arjefm-79	284	3	crash	crash	NOUN
arjefm-79	284	4	,	,	PUNCT
arjefm-79	284	5	the	the	DET
arjefm-79	284	6	oil	oil	NOUN
arjefm-79	284	7	price	price	NOUN
arjefm-79	284	8	shock	shock	NOUN
arjefm-79	284	9	and	and	CCONJ
arjefm-79	284	10	the	the	DET
arjefm-79	284	11	unit	unit	NOUN
arjefm-79	284	12	root	root	PROPN
arjefm-79	284	13	hypothesis	hypothesis	NOUN
arjefm-79	284	14	.	.	PUNCT
arjefm-79	285	1	econometrica	econometrica	PROPN
arjefm-79	285	2	,	,	PUNCT
arjefm-79	285	3	57	57	NUM
arjefm-79	285	4	(	(	PUNCT
arjefm-79	285	5	6	6	NUM
arjefm-79	285	6	)	)	PUNCT
arjefm-79	285	7	,	,	PUNCT
arjefm-79	285	8	1361–1401	1361–1401	NUM
arjefm-79	285	9	.	.	PUNCT
arjefm-79	285	10	schwarz	schwarz	PROPN
arjefm-79	285	11	,	,	PUNCT
arjefm-79	285	12	g.	g.	PROPN
arjefm-79	285	13	(	(	PUNCT
arjefm-79	285	14	1978	1978	NUM
arjefm-79	285	15	)	)	PUNCT
arjefm-79	285	16	.	.	PUNCT
arjefm-79	286	1	estimating	estimate	VERB
arjefm-79	286	2	the	the	DET
arjefm-79	286	3	dimensions	dimension	NOUN
arjefm-79	286	4	of	of	ADP
arjefm-79	286	5	a	a	DET
arjefm-79	286	6	model	model	NOUN
arjefm-79	286	7	.	.	PUNCT
arjefm-79	287	1	the	the	DET
arjefm-79	287	2	annals	annal	NOUN
arjefm-79	287	3	of	of	ADP
arjefm-79	287	4	statistics	statistic	NOUN
arjefm-79	287	5	,	,	PUNCT
arjefm-79	287	6	6	6	NUM
arjefm-79	287	7	(	(	PUNCT
arjefm-79	287	8	2	2	NUM
arjefm-79	287	9	)	)	PUNCT
arjefm-79	287	10	,	,	PUNCT
arjefm-79	287	11	461	461	NUM
arjefm-79	287	12	-	-	SYM
arjefm-79	287	13	464	464	NUM
arjefm-79	287	14	.	.	PUNCT
arjefm-79	288	1	smith	smith	PROPN
arjefm-79	288	2	,	,	PUNCT
arjefm-79	288	3	g.w	g.w	PROPN
arjefm-79	288	4	.	.	PROPN
arjefm-79	288	5	&	&	CCONJ
arjefm-79	288	6	zin	zin	PROPN
arjefm-79	288	7	s.e	s.e	PROPN
arjefm-79	288	8	.	.	PROPN
arjefm-79	288	9	(	(	PUNCT
arjefm-79	288	10	1991	1991	NUM
arjefm-79	288	11	)	)	PUNCT
arjefm-79	288	12	.	.	PUNCT
arjefm-79	289	1	persistent	persistent	ADJ
arjefm-79	289	2	deficits	deficit	NOUN
arjefm-79	289	3	and	and	CCONJ
arjefm-79	289	4	the	the	DET
arjefm-79	289	5	market	market	NOUN
arjefm-79	289	6	value	value	NOUN
arjefm-79	289	7	of	of	ADP
arjefm-79	289	8	government	government	NOUN
arjefm-79	289	9	debt	debt	NOUN
arjefm-79	289	10	.	.	PUNCT
arjefm-79	290	1	journal	journal	PROPN
arjefm-79	290	2	of	of	ADP
arjefm-79	290	3	applied	applied	ADJ
arjefm-79	290	4	econometrics	econometric	NOUN
arjefm-79	290	5	,	,	PUNCT
arjefm-79	290	6	6	6	NUM
arjefm-79	290	7	,	,	PUNCT
arjefm-79	290	8	31	31	NUM
arjefm-79	290	9	-	-	SYM
arjefm-79	290	10	44	44	NUM
arjefm-79	290	11	.	.	PUNCT
arjefm-79	291	1	şen	şen	PROPN
arjefm-79	291	2	,	,	PUNCT
arjefm-79	291	3	h.	h.	PROPN
arjefm-79	291	4	,	,	PUNCT
arjefm-79	291	5	sağbaş	sağbaş	NOUN
arjefm-79	291	6	,	,	PUNCT
arjefm-79	291	7	i̇.	i̇.	PROPN
arjefm-79	291	8	&	&	CCONJ
arjefm-79	291	9	keskin	keskin	PROPN
arjefm-79	291	10	,	,	PUNCT
arjefm-79	291	11	a.	a.	NOUN
arjefm-79	291	12	(	(	PUNCT
arjefm-79	291	13	2010	2010	NUM
arjefm-79	291	14	)	)	PUNCT
arjefm-79	291	15	.	.	PUNCT
arjefm-79	292	1	an	an	DET
arjefm-79	292	2	analysis	analysis	NOUN
arjefm-79	292	3	of	of	ADP
arjefm-79	292	4	fiscal	fiscal	ADJ
arjefm-79	292	5	sustainability	sustainability	NOUN
arjefm-79	292	6	in	in	ADP
arjefm-79	292	7	turkey	turkey	NOUN
arjefm-79	292	8	:	:	PUNCT
arjefm-79	292	9	1975	1975	NUM
arjefm-79	292	10	-	-	SYM
arjefm-79	292	11	2007	2007	NUM
arjefm-79	292	12	.	.	PUNCT
arjefm-79	293	1	maliye	maliye	PROPN
arjefm-79	293	2	dergisi	dergisi	PROPN
arjefm-79	293	3	,	,	PUNCT
arjefm-79	293	4	158	158	NUM
arjefm-79	293	5	,	,	PUNCT
arjefm-79	293	6	103154	103154	NUM
arjefm-79	293	7	.	.	PUNCT
arjefm-79	294	1	trehan	trehan	PROPN
arjefm-79	294	2	,	,	PUNCT
arjefm-79	294	3	b.	b.	PROPN
arjefm-79	294	4	&	&	CCONJ
arjefm-79	294	5	walsh	walsh	PROPN
arjefm-79	294	6	,	,	PUNCT
arjefm-79	294	7	c.	c.	PROPN
arjefm-79	294	8	e.	e.	PROPN
arjefm-79	294	9	(	(	PUNCT
arjefm-79	294	10	1988	1988	NUM
arjefm-79	294	11	)	)	PUNCT
arjefm-79	294	12	.	.	PUNCT
arjefm-79	295	1	common	common	ADJ
arjefm-79	295	2	trends	trend	NOUN
arjefm-79	295	3	,	,	PUNCT
arjefm-79	295	4	intertemporal	intertemporal	ADJ
arjefm-79	295	5	budget	budget	NOUN
arjefm-79	295	6	balance	balance	NOUN
arjefm-79	295	7	and	and	CCONJ
arjefm-79	295	8	revenue	revenue	NOUN
arjefm-79	295	9	smoothing	smoothing	NOUN
arjefm-79	295	10	.	.	PUNCT
arjefm-79	296	1	journal	journal	NOUN
arjefm-79	296	2	of	of	ADP
arjefm-79	296	3	economic	economic	ADJ
arjefm-79	296	4	dynamics	dynamic	NOUN
arjefm-79	296	5	and	and	CCONJ
arjefm-79	296	6	control	control	NOUN
arjefm-79	296	7	,	,	PUNCT
arjefm-79	296	8	12	12	NUM
arjefm-79	296	9	,	,	PUNCT
arjefm-79	296	10	425	425	NUM
arjefm-79	296	11	-	-	SYM
arjefm-79	296	12	444	444	NUM
arjefm-79	296	13	.	.	PUNCT
arjefm-79	297	1	trehan	trehan	PROPN
arjefm-79	297	2	,	,	PUNCT
arjefm-79	297	3	b.	b.	PROPN
arjefm-79	297	4	&	&	CCONJ
arjefm-79	297	5	walsh	walsh	PROPN
arjefm-79	297	6	,	,	PUNCT
arjefm-79	297	7	c.	c.	PROPN
arjefm-79	297	8	e.	e.	PROPN
arjefm-79	297	9	(	(	PUNCT
arjefm-79	297	10	1991	1991	NUM
arjefm-79	297	11	)	)	PUNCT
arjefm-79	297	12	.	.	PUNCT
arjefm-79	298	1	testing	test	VERB
arjefm-79	298	2	intertemporal	intertemporal	ADJ
arjefm-79	298	3	budget	budget	NOUN
arjefm-79	298	4	constraints	constraint	NOUN
arjefm-79	298	5	:	:	PUNCT
arjefm-79	298	6	theory	theory	NOUN
arjefm-79	298	7	and	and	CCONJ
arjefm-79	298	8	applications	application	NOUN
arjefm-79	298	9	to	to	ADP
arjefm-79	298	10	u.s	u.s	PROPN
arjefm-79	298	11	.	.	PROPN
arjefm-79	298	12	federal	federal	ADJ
arjefm-79	298	13	budget	budget	NOUN
arjefm-79	298	14	and	and	CCONJ
arjefm-79	298	15	current	current	ADJ
arjefm-79	298	16	account	account	NOUN
arjefm-79	298	17	deficits	deficit	NOUN
arjefm-79	298	18	.	.	PUNCT
arjefm-79	299	1	journal	journal	NOUN
arjefm-79	299	2	of	of	ADP
arjefm-79	299	3	money	money	NOUN
arjefm-79	299	4	,	,	PUNCT
arjefm-79	299	5	credit	credit	NOUN
arjefm-79	299	6	and	and	CCONJ
arjefm-79	299	7	banking	banking	NOUN
arjefm-79	299	8	,	,	PUNCT
arjefm-79	299	9	23	23	NUM
arjefm-79	299	10	(	(	PUNCT
arjefm-79	299	11	2	2	NUM
arjefm-79	299	12	)	)	PUNCT
arjefm-79	299	13	,	,	PUNCT
arjefm-79	299	14	206	206	NUM
arjefm-79	299	15	-	-	SYM
arjefm-79	299	16	23	23	NUM
arjefm-79	299	17	.	.	PUNCT
arjefm-79	300	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	300	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-79	301	1	american	american	PROPN
arjefm-79	301	2	research	research	PROPN
arjefm-79	301	3	journal	journal	PROPN
arjefm-79	301	4	of	of	ADP
arjefm-79	301	5	economics	economic	NOUN
arjefm-79	301	6	,	,	PUNCT
arjefm-79	301	7	finance	finance	NOUN
arjefm-79	301	8	and	and	CCONJ
arjefm-79	301	9	management	management	NOUN
arjefm-79	301	10	volume	volume	NOUN
arjefm-79	301	11	11	11	NUM
arjefm-79	301	12	issue	issue	NOUN
arjefm-79	301	13	1	1	NUM
arjefm-79	301	14	,	,	PUNCT
arjefm-79	301	15	january	january	PROPN
arjefm-79	301	16	-	-	PUNCT
arjefm-79	301	17	march	march	PROPN
arjefm-79	301	18	2023	2023	NUM
arjefm-79	301	19	issn	issn	NOUN
arjefm-79	301	20	:	:	PUNCT
arjefm-79	301	21	2836	2836	NUM
arjefm-79	301	22	-	-	SYM
arjefm-79	301	23	9416	9416	NUM
arjefm-79	301	24	impact	impact	NOUN
arjefm-79	301	25	factor	factor	NOUN
arjefm-79	301	26	:	:	PUNCT
arjefm-79	301	27	5.57	5.57	NUM
arjefm-79	301	28	journal	journal	NOUN
arjefm-79	301	29	homepage	homepage	NOUN
arjefm-79	301	30	:	:	PUNCT
arjefm-79	301	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	301	32	,	,	PUNCT
arjefm-79	301	33	email	email	NOUN
arjefm-79	301	34	:	:	PUNCT
arjefm-79	302	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-79	302	2	official	official	ADJ
arjefm-79	302	3	journal	journal	PROPN
arjefm-79	302	4	of	of	ADP
arjefm-79	302	5	america	america	PROPN
arjefm-79	302	6	serial	serial	PROPN
arjefm-79	302	7	publication	publication	NOUN
arjefm-79	302	8	american	american	PROPN
arjefm-79	302	9	research	research	PROPN
arjefm-79	302	10	journal	journal	PROPN
arjefm-79	302	11	of	of	ADP
arjefm-79	302	12	economics	economic	NOUN
arjefm-79	302	13	,	,	PUNCT
arjefm-79	302	14	finance	finance	NOUN
arjefm-79	302	15	and	and	CCONJ
arjefm-79	302	16	management	management	NOUN
arjefm-79	302	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-79	302	18	,	,	PUNCT
arjefm-79	302	19	email	email	NOUN
arjefm-79	302	20	:	:	PUNCT
arjefm-79	302	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-79	303	1	77	77	NUM
arjefm-79	304	1	|	|	ADV
arjefm-79	304	2	p	p	X
arjefm-79	304	3	a	a	DET
arjefm-79	304	4	g	g	NOUN
arjefm-79	304	5	e	e	NOUN
arjefm-79	304	6	ucal	ucal	ADJ
arjefm-79	304	7	,	,	PUNCT
arjefm-79	304	8	m.	m.	NOUN
arjefm-79	304	9	&	&	CCONJ
arjefm-79	304	10	alıcı	alıcı	PROPN
arjefm-79	304	11	,	,	PUNCT
arjefm-79	304	12	a.	a.	NOUN
arjefm-79	304	13	(	(	PUNCT
arjefm-79	304	14	2010	2010	NUM
arjefm-79	304	15	)	)	PUNCT
arjefm-79	304	16	.	.	PUNCT
arjefm-79	305	1	is	be	AUX
arjefm-79	305	2	fiscal	fiscal	ADJ
arjefm-79	305	3	policy	policy	NOUN
arjefm-79	305	4	sustainable	sustainable	ADJ
arjefm-79	305	5	in	in	ADP
arjefm-79	305	6	turkey	turkey	NOUN
arjefm-79	305	7	?	?	PUNCT
arjefm-79	305	8	.	.	PUNCT
arjefm-79	306	1	emerging	emerge	VERB
arjefm-79	306	2	markets	market	NOUN
arjefm-79	306	3	finance	finance	NOUN
arjefm-79	306	4	and	and	CCONJ
arjefm-79	306	5	trade	trade	NOUN
arjefm-79	306	6	,	,	PUNCT
arjefm-79	306	7	46	46	NUM
arjefm-79	306	8	(	(	PUNCT
arjefm-79	306	9	1	1	NUM
arjefm-79	306	10	)	)	PUNCT
arjefm-79	306	11	,	,	PUNCT
arjefm-79	306	12	83	83	NUM
arjefm-79	306	13	-	-	SYM
arjefm-79	306	14	93	93	NUM
arjefm-79	306	15	.	.	PUNCT
arjefm-79	307	1	zivot	zivot	PROPN
arjefm-79	307	2	,	,	PUNCT
arjefm-79	307	3	e.	e.	PROPN
arjefm-79	307	4	&	&	CCONJ
arjefm-79	307	5	andrews	andrews	PROPN
arjefm-79	307	6	,	,	PUNCT
arjefm-79	307	7	k.	k.	PROPN
arjefm-79	307	8	(	(	PUNCT
arjefm-79	307	9	1992	1992	NUM
arjefm-79	307	10	)	)	PUNCT
arjefm-79	307	11	.	.	PUNCT
arjefm-79	308	1	further	further	ADJ
arjefm-79	308	2	evidence	evidence	NOUN
arjefm-79	308	3	on	on	ADP
arjefm-79	308	4	the	the	DET
arjefm-79	308	5	great	great	ADJ
arjefm-79	308	6	crash	crash	NOUN
arjefm-79	308	7	,	,	PUNCT
arjefm-79	308	8	the	the	DET
arjefm-79	308	9	oil	oil	NOUN
arjefm-79	308	10	price	price	NOUN
arjefm-79	308	11	shock	shock	NOUN
arjefm-79	308	12	,	,	PUNCT
arjefm-79	308	13	and	and	CCONJ
arjefm-79	308	14	the	the	DET
arjefm-79	308	15	unit	unit	NOUN
arjefm-79	308	16	root	root	PROPN
arjefm-79	308	17	hypothesis	hypothesis	NOUN
arjefm-79	308	18	.	.	PUNCT
arjefm-79	309	1	journal	journal	PROPN
arjefm-79	309	2	of	of	ADP
arjefm-79	309	3	business	business	NOUN
arjefm-79	309	4	and	and	CCONJ
arjefm-79	309	5	economic	economic	ADJ
arjefm-79	309	6	statistics	statistic	NOUN
arjefm-79	309	7	,	,	PUNCT
arjefm-79	309	8	10	10	NUM
arjefm-79	309	9	(	(	PUNCT
arjefm-79	309	10	10	10	NUM
arjefm-79	309	11	)	)	PUNCT
arjefm-79	309	12	,	,	PUNCT
arjefm-79	309	13	251	251	NUM
arjefm-79	309	14	-	-	SYM
arjefm-79	309	15	270	270	NUM
arjefm-79	309	16	.	.	PUNCT
arjefm-79	310	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-79	310	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X