id	sid	tid	token	lemma	pos
ajeer-1431	1	1	46	46	NUM
ajeer-1431	1	2	©	©	PROPN
ajeer-1431	1	3	2020	2020	NUM
ajeer-1431	1	4	by	by	ADP
ajeer-1431	1	5	the	the	DET
ajeer-1431	1	6	authors	author	NOUN
ajeer-1431	1	7	;	;	PUNCT
ajeer-1431	1	8	licensee	licensee	PROPN
ajeer-1431	1	9	asian	asian	ADJ
ajeer-1431	1	10	online	online	PROPN
ajeer-1431	1	11	journal	journal	PROPN
ajeer-1431	1	12	publishing	publishing	PROPN
ajeer-1431	1	13	group	group	PROPN
ajeer-1431	1	14	asian	asian	PROPN
ajeer-1431	1	15	journal	journal	PROPN
ajeer-1431	1	16	of	of	ADP
ajeer-1431	1	17	economics	economic	NOUN
ajeer-1431	1	18	and	and	CCONJ
ajeer-1431	1	19	empirical	empirical	ADJ
ajeer-1431	1	20	research	research	NOUN
ajeer-1431	1	21	vol	vol	NOUN
ajeer-1431	1	22	.	.	PUNCT
ajeer-1431	1	23	7	7	NUM
ajeer-1431	1	24	,	,	PUNCT
ajeer-1431	1	25	no	no	INTJ
ajeer-1431	1	26	.	.	NOUN
ajeer-1431	1	27	1	1	NUM
ajeer-1431	1	28	,	,	PUNCT
ajeer-1431	1	29	46	46	NUM
ajeer-1431	1	30	-	-	SYM
ajeer-1431	1	31	63	63	NUM
ajeer-1431	1	32	,	,	PUNCT
ajeer-1431	1	33	2020	2020	NUM
ajeer-1431	1	34	issn(e	issn(e	PROPN
ajeer-1431	1	35	)	)	PUNCT
ajeer-1431	1	36	2409	2409	NUM
ajeer-1431	1	37	-	-	SYM
ajeer-1431	1	38	2622/	2622/	NUM
ajeer-1431	1	39	issn(p	issn(p	NOUN
ajeer-1431	1	40	)	)	PUNCT
ajeer-1431	1	41	2518	2518	NUM
ajeer-1431	1	42	-	-	PUNCT
ajeer-1431	1	43	010x	010x	ADJ
ajeer-1431	1	44	doi	doi	NOUN
ajeer-1431	1	45	:	:	PUNCT
ajeer-1431	1	46	10.20448	10.20448	NUM
ajeer-1431	1	47	/	/	SYM
ajeer-1431	1	48	journal.501.2020.71.46.63	journal.501.2020.71.46.63	PROPN
ajeer-1431	1	49	©	©	PROPN
ajeer-1431	1	50	2020	2020	NUM
ajeer-1431	1	51	by	by	ADP
ajeer-1431	1	52	the	the	DET
ajeer-1431	1	53	authors	author	NOUN
ajeer-1431	1	54	;	;	PUNCT
ajeer-1431	1	55	licensee	licensee	PROPN
ajeer-1431	1	56	asian	asian	ADJ
ajeer-1431	1	57	online	online	PROPN
ajeer-1431	1	58	journal	journal	PROPN
ajeer-1431	1	59	publishing	publishing	NOUN
ajeer-1431	1	60	group	group	NOUN
ajeer-1431	1	61	causes	cause	NOUN
ajeer-1431	1	62	of	of	ADP
ajeer-1431	1	63	current	current	ADJ
ajeer-1431	1	64	account	account	NOUN
ajeer-1431	1	65	fluctuations	fluctuation	NOUN
ajeer-1431	1	66	in	in	ADP
ajeer-1431	1	67	west	west	ADJ
ajeer-1431	1	68	african	african	PROPN
ajeer-1431	1	69	monetary	monetary	PROPN
ajeer-1431	1	70	union	union	PROPN
ajeer-1431	1	71	amadou	amadou	PROPN
ajeer-1431	1	72	woury	woury	PROPN
ajeer-1431	1	73	diallo	diallo	PROPN
ajeer-1431	1	74	phd	phd	PROPN
ajeer-1431	1	75	student	student	NOUN
ajeer-1431	1	76	in	in	ADP
ajeer-1431	1	77	economics	economic	NOUN
ajeer-1431	1	78	,	,	PUNCT
ajeer-1431	1	79	university	university	NOUN
ajeer-1431	1	80	of	of	ADP
ajeer-1431	1	81	dakar	dakar	NOUN
ajeer-1431	1	82	,	,	PUNCT
ajeer-1431	1	83	senegal	senegal	NOUN
ajeer-1431	1	84	.	.	PUNCT
ajeer-1431	2	1	abstract	abstract	ADJ
ajeer-1431	2	2	this	this	DET
ajeer-1431	2	3	study	study	NOUN
ajeer-1431	2	4	analyzes	analyze	VERB
ajeer-1431	2	5	the	the	DET
ajeer-1431	2	6	sources	source	NOUN
ajeer-1431	2	7	of	of	ADP
ajeer-1431	2	8	current	current	ADJ
ajeer-1431	2	9	account	account	NOUN
ajeer-1431	2	10	fluctuations	fluctuation	NOUN
ajeer-1431	2	11	in	in	ADP
ajeer-1431	2	12	the	the	DET
ajeer-1431	2	13	west	west	ADJ
ajeer-1431	2	14	african	african	PROPN
ajeer-1431	2	15	monetary	monetary	PROPN
ajeer-1431	2	16	union	union	PROPN
ajeer-1431	2	17	(	(	PUNCT
ajeer-1431	2	18	waemu	waemu	NOUN
ajeer-1431	2	19	)	)	PUNCT
ajeer-1431	2	20	economies	economy	NOUN
ajeer-1431	2	21	over	over	ADP
ajeer-1431	2	22	the	the	DET
ajeer-1431	2	23	period	period	NOUN
ajeer-1431	2	24	from	from	ADP
ajeer-1431	2	25	1980	1980	NUM
ajeer-1431	2	26	to	to	ADP
ajeer-1431	2	27	2017	2017	NUM
ajeer-1431	2	28	.	.	PUNCT
ajeer-1431	3	1	it	it	PRON
ajeer-1431	3	2	is	be	AUX
ajeer-1431	3	3	part	part	NOUN
ajeer-1431	3	4	of	of	ADP
ajeer-1431	3	5	the	the	DET
ajeer-1431	3	6	inter	inter	ADJ
ajeer-1431	3	7	-	-	ADJ
ajeer-1431	3	8	temporal	temporal	ADJ
ajeer-1431	3	9	approach	approach	NOUN
ajeer-1431	3	10	which	which	PRON
ajeer-1431	3	11	considers	consider	VERB
ajeer-1431	3	12	that	that	SCONJ
ajeer-1431	3	13	the	the	DET
ajeer-1431	3	14	dynamics	dynamic	NOUN
ajeer-1431	3	15	of	of	ADP
ajeer-1431	3	16	the	the	DET
ajeer-1431	3	17	current	current	ADJ
ajeer-1431	3	18	account	account	NOUN
ajeer-1431	3	19	of	of	ADP
ajeer-1431	3	20	a	a	DET
ajeer-1431	3	21	country	country	NOUN
ajeer-1431	3	22	is	be	AUX
ajeer-1431	3	23	influenced	influence	VERB
ajeer-1431	3	24	by	by	ADP
ajeer-1431	3	25	global	global	ADJ
ajeer-1431	3	26	shocks	shock	NOUN
ajeer-1431	3	27	and	and	CCONJ
ajeer-1431	3	28	transient	transient	ADJ
ajeer-1431	3	29	or	or	CCONJ
ajeer-1431	3	30	permanent	permanent	ADJ
ajeer-1431	3	31	domestic	domestic	ADJ
ajeer-1431	3	32	shocks	shock	NOUN
ajeer-1431	3	33	.	.	PUNCT
ajeer-1431	4	1	thus	thus	ADV
ajeer-1431	4	2	,	,	PUNCT
ajeer-1431	4	3	we	we	PRON
ajeer-1431	4	4	developed	develop	VERB
ajeer-1431	4	5	a	a	DET
ajeer-1431	4	6	three	three	NUM
ajeer-1431	4	7	-	-	PUNCT
ajeer-1431	4	8	variable	variable	ADJ
ajeer-1431	4	9	structural	structural	ADJ
ajeer-1431	4	10	autoregressive	autoregressive	ADJ
ajeer-1431	4	11	vector	vector	NOUN
ajeer-1431	4	12	model	model	NOUN
ajeer-1431	4	13	.	.	PUNCT
ajeer-1431	5	1	this	this	PRON
ajeer-1431	5	2	is	be	AUX
ajeer-1431	5	3	the	the	DET
ajeer-1431	5	4	international	international	ADJ
ajeer-1431	5	5	real	real	ADJ
ajeer-1431	5	6	interest	interest	NOUN
ajeer-1431	5	7	rate	rate	NOUN
ajeer-1431	5	8	that	that	PRON
ajeer-1431	5	9	represents	represent	VERB
ajeer-1431	5	10	the	the	DET
ajeer-1431	5	11	aggregate	aggregate	ADJ
ajeer-1431	5	12	shock	shock	NOUN
ajeer-1431	5	13	,	,	PUNCT
ajeer-1431	5	14	the	the	DET
ajeer-1431	5	15	ratio	ratio	NOUN
ajeer-1431	5	16	of	of	ADP
ajeer-1431	5	17	current	current	ADJ
ajeer-1431	5	18	account	account	NOUN
ajeer-1431	5	19	to	to	ADP
ajeer-1431	5	20	gross	gross	ADJ
ajeer-1431	5	21	domestic	domestic	ADJ
ajeer-1431	5	22	product	product	NOUN
ajeer-1431	5	23	which	which	PRON
ajeer-1431	5	24	is	be	AUX
ajeer-1431	5	25	the	the	DET
ajeer-1431	5	26	proxy	proxy	NOUN
ajeer-1431	5	27	for	for	ADP
ajeer-1431	5	28	transient	transient	ADJ
ajeer-1431	5	29	domestic	domestic	ADJ
ajeer-1431	5	30	shocks	shock	NOUN
ajeer-1431	5	31	,	,	PUNCT
ajeer-1431	5	32	and	and	CCONJ
ajeer-1431	5	33	the	the	DET
ajeer-1431	5	34	ratio	ratio	NOUN
ajeer-1431	5	35	of	of	ADP
ajeer-1431	5	36	net	net	ADJ
ajeer-1431	5	37	output	output	NOUN
ajeer-1431	5	38	to	to	ADP
ajeer-1431	5	39	gross	gross	ADJ
ajeer-1431	5	40	domestic	domestic	ADJ
ajeer-1431	5	41	product	product	NOUN
ajeer-1431	5	42	to	to	PART
ajeer-1431	5	43	measure	measure	VERB
ajeer-1431	5	44	impact	impact	NOUN
ajeer-1431	5	45	of	of	ADP
ajeer-1431	5	46	permanent	permanent	ADJ
ajeer-1431	5	47	shocks	shock	NOUN
ajeer-1431	5	48	to	to	ADP
ajeer-1431	5	49	the	the	DET
ajeer-1431	5	50	current	current	ADJ
ajeer-1431	5	51	account	account	NOUN
ajeer-1431	5	52	.	.	PUNCT
ajeer-1431	6	1	from	from	ADP
ajeer-1431	6	2	the	the	DET
ajeer-1431	6	3	theoretical	theoretical	ADJ
ajeer-1431	6	4	model	model	NOUN
ajeer-1431	6	5	,	,	PUNCT
ajeer-1431	6	6	structural	structural	ADJ
ajeer-1431	6	7	shocks	shock	NOUN
ajeer-1431	6	8	are	be	AUX
ajeer-1431	6	9	identified	identify	VERB
ajeer-1431	6	10	by	by	ADP
ajeer-1431	6	11	applying	apply	VERB
ajeer-1431	6	12	the	the	DET
ajeer-1431	6	13	long	long	ADJ
ajeer-1431	6	14	-	-	PUNCT
ajeer-1431	6	15	term	term	NOUN
ajeer-1431	6	16	restrictions	restriction	NOUN
ajeer-1431	6	17	imposed	impose	VERB
ajeer-1431	6	18	by	by	ADP
ajeer-1431	6	19	the	the	DET
ajeer-1431	6	20	inter	inter	ADJ
ajeer-1431	6	21	-	-	ADJ
ajeer-1431	6	22	temporal	temporal	ADJ
ajeer-1431	6	23	approach	approach	NOUN
ajeer-1431	6	24	in	in	ADP
ajeer-1431	6	25	the	the	DET
ajeer-1431	6	26	analysis	analysis	NOUN
ajeer-1431	6	27	of	of	ADP
ajeer-1431	6	28	current	current	ADJ
ajeer-1431	6	29	account	account	NOUN
ajeer-1431	6	30	dynamics	dynamic	NOUN
ajeer-1431	6	31	.	.	PUNCT
ajeer-1431	7	1	the	the	DET
ajeer-1431	7	2	study	study	NOUN
ajeer-1431	7	3	leads	lead	VERB
ajeer-1431	7	4	to	to	ADP
ajeer-1431	7	5	three	three	NUM
ajeer-1431	7	6	major	major	ADJ
ajeer-1431	7	7	results	result	NOUN
ajeer-1431	7	8	:	:	PUNCT
ajeer-1431	7	9	1	1	X
ajeer-1431	7	10	)	)	PUNCT
ajeer-1431	7	11	current	current	ADJ
ajeer-1431	7	12	account	account	NOUN
ajeer-1431	7	13	fluctuations	fluctuation	NOUN
ajeer-1431	7	14	within	within	ADP
ajeer-1431	7	15	waemu	waemu	NOUN
ajeer-1431	7	16	are	be	AUX
ajeer-1431	7	17	explained	explain	VERB
ajeer-1431	7	18	by	by	ADP
ajeer-1431	7	19	transient	transient	ADJ
ajeer-1431	7	20	domestic	domestic	ADJ
ajeer-1431	7	21	shocks	shock	NOUN
ajeer-1431	7	22	,	,	PUNCT
ajeer-1431	7	23	2	2	X
ajeer-1431	7	24	)	)	PUNCT
ajeer-1431	7	25	net	net	ADJ
ajeer-1431	7	26	product	product	NOUN
ajeer-1431	7	27	fluctuations	fluctuation	NOUN
ajeer-1431	7	28	are	be	AUX
ajeer-1431	7	29	due	due	ADJ
ajeer-1431	7	30	to	to	ADP
ajeer-1431	7	31	permanent	permanent	ADJ
ajeer-1431	7	32	domestic	domestic	ADJ
ajeer-1431	7	33	shocks	shock	NOUN
ajeer-1431	7	34	,	,	PUNCT
ajeer-1431	7	35	3	3	X
ajeer-1431	7	36	)	)	PUNCT
ajeer-1431	7	37	global	global	ADJ
ajeer-1431	7	38	or	or	CCONJ
ajeer-1431	7	39	exogenous	exogenous	ADJ
ajeer-1431	7	40	shocks	shock	NOUN
ajeer-1431	7	41	have	have	VERB
ajeer-1431	7	42	a	a	DET
ajeer-1431	7	43	modest	modest	ADJ
ajeer-1431	7	44	contribution	contribution	NOUN
ajeer-1431	7	45	to	to	ADP
ajeer-1431	7	46	current	current	ADJ
ajeer-1431	7	47	account	account	NOUN
ajeer-1431	7	48	fluctuations	fluctuation	NOUN
ajeer-1431	7	49	,	,	PUNCT
ajeer-1431	7	50	but	but	CCONJ
ajeer-1431	7	51	their	their	PRON
ajeer-1431	7	52	effects	effect	NOUN
ajeer-1431	7	53	on	on	ADP
ajeer-1431	7	54	net	net	ADJ
ajeer-1431	7	55	income	income	NOUN
ajeer-1431	7	56	are	be	AUX
ajeer-1431	7	57	still	still	ADV
ajeer-1431	7	58	significant	significant	ADJ
ajeer-1431	7	59	,	,	PUNCT
ajeer-1431	7	60	especially	especially	ADV
ajeer-1431	7	61	in	in	ADP
ajeer-1431	7	62	the	the	DET
ajeer-1431	7	63	long	long	ADJ
ajeer-1431	7	64	run	run	NOUN
ajeer-1431	7	65	.	.	PUNCT
ajeer-1431	8	1	keywords	keyword	NOUN
ajeer-1431	8	2	:	:	PUNCT
ajeer-1431	8	3	current	current	ADJ
ajeer-1431	8	4	account	account	NOUN
ajeer-1431	8	5	,	,	PUNCT
ajeer-1431	8	6	inter	inter	ADJ
ajeer-1431	8	7	-	-	ADJ
ajeer-1431	8	8	temporal	temporal	ADJ
ajeer-1431	8	9	approach	approach	NOUN
ajeer-1431	8	10	,	,	PUNCT
ajeer-1431	8	11	svar	svar	PROPN
ajeer-1431	8	12	,	,	PUNCT
ajeer-1431	8	13	global	global	ADJ
ajeer-1431	8	14	shocks	shock	NOUN
ajeer-1431	8	15	,	,	PUNCT
ajeer-1431	8	16	transient	transient	ADJ
ajeer-1431	8	17	shocks	shock	NOUN
ajeer-1431	8	18	,	,	PUNCT
ajeer-1431	8	19	permanent	permanent	ADJ
ajeer-1431	8	20	shocks	shock	NOUN
ajeer-1431	8	21	,	,	PUNCT
ajeer-1431	8	22	waemu	waemu	NOUN
ajeer-1431	8	23	.	.	PUNCT
ajeer-1431	9	1	jel	jel	PROPN
ajeer-1431	9	2	classification	classification	NOUN
ajeer-1431	9	3	:	:	PUNCT
ajeer-1431	9	4	f32	f32	NOUN
ajeer-1431	9	5	;	;	PUNCT
ajeer-1431	9	6	f41	f41	NOUN
ajeer-1431	9	7	.	.	PUNCT
ajeer-1431	10	1	citation	citation	NOUN
ajeer-1431	10	2	|	|	ADV
ajeer-1431	10	3	amadou	amadou	PROPN
ajeer-1431	10	4	woury	woury	PROPN
ajeer-1431	10	5	diallo	diallo	PROPN
ajeer-1431	10	6	(	(	PUNCT
ajeer-1431	10	7	2020	2020	NUM
ajeer-1431	10	8	)	)	PUNCT
ajeer-1431	10	9	.	.	PUNCT
ajeer-1431	11	1	causes	cause	NOUN
ajeer-1431	11	2	of	of	ADP
ajeer-1431	11	3	current	current	ADJ
ajeer-1431	11	4	account	account	NOUN
ajeer-1431	11	5	fluctuations	fluctuation	NOUN
ajeer-1431	11	6	in	in	ADP
ajeer-1431	11	7	west	west	ADJ
ajeer-1431	11	8	african	african	ADJ
ajeer-1431	11	9	monetary	monetary	PROPN
ajeer-1431	11	10	union	union	PROPN
ajeer-1431	11	11	.	.	PUNCT
ajeer-1431	12	1	asian	asian	ADJ
ajeer-1431	12	2	journal	journal	PROPN
ajeer-1431	12	3	of	of	ADP
ajeer-1431	12	4	economics	economic	NOUN
ajeer-1431	12	5	and	and	CCONJ
ajeer-1431	12	6	empirical	empirical	ADJ
ajeer-1431	12	7	research	research	NOUN
ajeer-1431	12	8	,	,	PUNCT
ajeer-1431	12	9	7(1	7(1	NUM
ajeer-1431	12	10	):	):	PUNCT
ajeer-1431	12	11	46	46	NUM
ajeer-1431	12	12	-	-	SYM
ajeer-1431	12	13	63	63	NUM
ajeer-1431	12	14	.	.	PUNCT
ajeer-1431	13	1	history	history	NOUN
ajeer-1431	13	2	:	:	PUNCT
ajeer-1431	13	3	received	receive	VERB
ajeer-1431	13	4	:	:	PUNCT
ajeer-1431	13	5	25	25	NUM
ajeer-1431	13	6	november	november	PROPN
ajeer-1431	13	7	2019	2019	NUM
ajeer-1431	13	8	revised	revise	VERB
ajeer-1431	13	9	:	:	PUNCT
ajeer-1431	13	10	8	8	NUM
ajeer-1431	13	11	january	january	PROPN
ajeer-1431	13	12	2020	2020	NUM
ajeer-1431	13	13	accepted	accept	VERB
ajeer-1431	13	14	:	:	PUNCT
ajeer-1431	13	15	12	12	NUM
ajeer-1431	13	16	february	february	NOUN
ajeer-1431	13	17	2020	2020	NUM
ajeer-1431	13	18	published	publish	VERB
ajeer-1431	13	19	:	:	PUNCT
ajeer-1431	13	20	24	24	NUM
ajeer-1431	13	21	march	march	NOUN
ajeer-1431	13	22	2020	2020	NUM
ajeer-1431	13	23	licensed	license	VERB
ajeer-1431	13	24	:	:	PUNCT
ajeer-1431	13	25	this	this	DET
ajeer-1431	13	26	work	work	NOUN
ajeer-1431	13	27	is	be	AUX
ajeer-1431	13	28	licensed	license	VERB
ajeer-1431	13	29	under	under	ADP
ajeer-1431	13	30	a	a	DET
ajeer-1431	13	31	creative	creative	ADJ
ajeer-1431	13	32	commons	common	NOUN
ajeer-1431	13	33	attribution	attribution	NOUN
ajeer-1431	13	34	3.0	3.0	NUM
ajeer-1431	13	35	license	license	NOUN
ajeer-1431	13	36	publisher	publisher	NOUN
ajeer-1431	13	37	:	:	PUNCT
ajeer-1431	13	38	asian	asian	ADJ
ajeer-1431	13	39	online	online	PROPN
ajeer-1431	13	40	journal	journal	PROPN
ajeer-1431	13	41	publishing	publishing	PROPN
ajeer-1431	13	42	group	group	PROPN
ajeer-1431	13	43	funding	funding	NOUN
ajeer-1431	13	44	:	:	PUNCT
ajeer-1431	13	45	this	this	DET
ajeer-1431	13	46	study	study	NOUN
ajeer-1431	13	47	received	receive	VERB
ajeer-1431	13	48	no	no	DET
ajeer-1431	13	49	specific	specific	ADJ
ajeer-1431	13	50	financial	financial	ADJ
ajeer-1431	13	51	support	support	NOUN
ajeer-1431	13	52	.	.	PUNCT
ajeer-1431	14	1	competing	compete	VERB
ajeer-1431	14	2	interests	interest	NOUN
ajeer-1431	14	3	:	:	PUNCT
ajeer-1431	14	4	the	the	DET
ajeer-1431	14	5	author	author	NOUN
ajeer-1431	14	6	declares	declare	VERB
ajeer-1431	14	7	that	that	SCONJ
ajeer-1431	14	8	there	there	PRON
ajeer-1431	14	9	are	be	VERB
ajeer-1431	14	10	no	no	DET
ajeer-1431	14	11	conflicts	conflict	NOUN
ajeer-1431	14	12	of	of	ADP
ajeer-1431	14	13	interests	interest	NOUN
ajeer-1431	14	14	regarding	regard	VERB
ajeer-1431	14	15	the	the	DET
ajeer-1431	14	16	publication	publication	NOUN
ajeer-1431	14	17	of	of	ADP
ajeer-1431	14	18	this	this	DET
ajeer-1431	14	19	paper	paper	NOUN
ajeer-1431	14	20	.	.	PUNCT
ajeer-1431	15	1	transparency	transparency	NOUN
ajeer-1431	15	2	:	:	PUNCT
ajeer-1431	15	3	the	the	DET
ajeer-1431	15	4	author	author	NOUN
ajeer-1431	15	5	confirms	confirm	VERB
ajeer-1431	15	6	that	that	SCONJ
ajeer-1431	15	7	the	the	DET
ajeer-1431	15	8	manuscript	manuscript	NOUN
ajeer-1431	15	9	is	be	AUX
ajeer-1431	15	10	an	an	DET
ajeer-1431	15	11	honest	honest	ADJ
ajeer-1431	15	12	,	,	PUNCT
ajeer-1431	15	13	accurate	accurate	ADJ
ajeer-1431	15	14	,	,	PUNCT
ajeer-1431	15	15	and	and	CCONJ
ajeer-1431	15	16	transparent	transparent	ADJ
ajeer-1431	15	17	account	account	NOUN
ajeer-1431	15	18	of	of	ADP
ajeer-1431	15	19	the	the	DET
ajeer-1431	15	20	study	study	NOUN
ajeer-1431	15	21	was	be	AUX
ajeer-1431	15	22	reported	report	VERB
ajeer-1431	15	23	;	;	PUNCT
ajeer-1431	15	24	that	that	SCONJ
ajeer-1431	15	25	no	no	DET
ajeer-1431	15	26	vital	vital	ADJ
ajeer-1431	15	27	features	feature	NOUN
ajeer-1431	15	28	of	of	ADP
ajeer-1431	15	29	the	the	DET
ajeer-1431	15	30	study	study	NOUN
ajeer-1431	15	31	have	have	AUX
ajeer-1431	15	32	been	be	AUX
ajeer-1431	15	33	omitted	omit	VERB
ajeer-1431	15	34	;	;	PUNCT
ajeer-1431	15	35	and	and	CCONJ
ajeer-1431	15	36	that	that	SCONJ
ajeer-1431	15	37	any	any	DET
ajeer-1431	15	38	discrepancies	discrepancy	NOUN
ajeer-1431	15	39	from	from	ADP
ajeer-1431	15	40	the	the	DET
ajeer-1431	15	41	study	study	NOUN
ajeer-1431	15	42	as	as	SCONJ
ajeer-1431	15	43	planned	plan	VERB
ajeer-1431	15	44	have	have	AUX
ajeer-1431	15	45	been	be	AUX
ajeer-1431	15	46	explained	explain	VERB
ajeer-1431	15	47	.	.	PUNCT
ajeer-1431	16	1	ethical	ethical	ADJ
ajeer-1431	16	2	:	:	PUNCT
ajeer-1431	16	3	this	this	DET
ajeer-1431	16	4	study	study	NOUN
ajeer-1431	16	5	follows	follow	VERB
ajeer-1431	16	6	all	all	DET
ajeer-1431	16	7	ethical	ethical	ADJ
ajeer-1431	16	8	practices	practice	NOUN
ajeer-1431	16	9	during	during	ADP
ajeer-1431	16	10	writing	writing	NOUN
ajeer-1431	16	11	.	.	PUNCT
ajeer-1431	17	1	contents	content	NOUN
ajeer-1431	17	2	1	1	NUM
ajeer-1431	17	3	.	.	PUNCT
ajeer-1431	18	1	introduction	introduction	NOUN
ajeer-1431	18	2	......................................................................................................................................................................................	......................................................................................................................................................................................	PUNCT
ajeer-1431	19	1	47	47	NUM
ajeer-1431	19	2	2	2	X
ajeer-1431	19	3	.	.	X
ajeer-1431	19	4	literature	literature	PROPN
ajeer-1431	19	5	review	review	PROPN
ajeer-1431	19	6	............................................................................................................................................................................	............................................................................................................................................................................	PUNCT
ajeer-1431	19	7	48	48	NUM
ajeer-1431	19	8	3	3	NUM
ajeer-1431	19	9	.	.	PUNCT
ajeer-1431	19	10	stylized	stylize	VERB
ajeer-1431	19	11	facts	fact	NOUN
ajeer-1431	19	12	....................................................................................................................................................................................	....................................................................................................................................................................................	VERB
ajeer-1431	19	13	49	49	NUM
ajeer-1431	19	14	4	4	NUM
ajeer-1431	19	15	.	.	PUNCT
ajeer-1431	20	1	methodology	methodology	NOUN
ajeer-1431	20	2	.....................................................................................................................................................................................	.....................................................................................................................................................................................	PUNCT
ajeer-1431	21	1	50	50	NUM
ajeer-1431	21	2	5	5	NUM
ajeer-1431	21	3	.	.	PUNCT
ajeer-1431	21	4	results	result	NOUN
ajeer-1431	21	5	and	and	CCONJ
ajeer-1431	21	6	interpretation	interpretation	NOUN
ajeer-1431	21	7	of	of	ADP
ajeer-1431	21	8	results	result	NOUN
ajeer-1431	21	9	..........................................................................................................................................	..........................................................................................................................................	PUNCT
ajeer-1431	22	1	51	51	NUM
ajeer-1431	22	2	6	6	NUM
ajeer-1431	22	3	.	.	PUNCT
ajeer-1431	22	4	conclusion	conclusion	NOUN
ajeer-1431	22	5	.........................................................................................................................................................................................	.........................................................................................................................................................................................	PUNCT
ajeer-1431	22	6	55	55	NUM
ajeer-1431	22	7	references	reference	NOUN
ajeer-1431	22	8	..............................................................................................................................................................................................	..............................................................................................................................................................................................	VERB
ajeer-1431	23	1	56	56	NUM
ajeer-1431	23	2	appendix	appendix	NOUN
ajeer-1431	23	3	................................................................................................................................................................................................	................................................................................................................................................................................................	PUNCT
ajeer-1431	23	4	56	56	NUM
ajeer-1431	23	5	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2020.71.46.63&domain=pdf&date_stamp=2017-01-14	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2020.71.46.63&domain=pdf&date_stamp=2017-01-14	NOUN
ajeer-1431	23	6	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-1431	23	7	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-1431	23	8	https://www.asianonlinejournals.com/index.php/ajeer/article/view/1431	https://www.asianonlinejournals.com/index.php/ajeer/article/view/1431	PUNCT
ajeer-1431	23	9	https://www.asianonlinejournals.com/index.php/ajeer/article/view/1431	https://www.asianonlinejournals.com/index.php/ajeer/article/view/1431	NUM
ajeer-1431	23	10	asian	asian	ADJ
ajeer-1431	23	11	journal	journal	NOUN
ajeer-1431	23	12	of	of	ADP
ajeer-1431	23	13	economics	economic	NOUN
ajeer-1431	23	14	and	and	CCONJ
ajeer-1431	23	15	empirical	empirical	ADJ
ajeer-1431	23	16	research	research	NOUN
ajeer-1431	23	17	,	,	PUNCT
ajeer-1431	23	18	2020	2020	NUM
ajeer-1431	23	19	,	,	PUNCT
ajeer-1431	23	20	7(1	7(1	NUM
ajeer-1431	23	21	):	):	PUNCT
ajeer-1431	23	22	46	46	NUM
ajeer-1431	23	23	-	-	SYM
ajeer-1431	23	24	63	63	NUM
ajeer-1431	23	25	47	47	NUM
ajeer-1431	23	26	©	©	PROPN
ajeer-1431	23	27	2020	2020	NUM
ajeer-1431	23	28	by	by	ADP
ajeer-1431	23	29	the	the	DET
ajeer-1431	23	30	authors	author	NOUN
ajeer-1431	23	31	;	;	PUNCT
ajeer-1431	23	32	licensee	licensee	PROPN
ajeer-1431	23	33	asian	asian	ADJ
ajeer-1431	23	34	online	online	PROPN
ajeer-1431	23	35	journal	journal	PROPN
ajeer-1431	23	36	publishing	publishing	NOUN
ajeer-1431	23	37	group	group	NOUN
ajeer-1431	23	38	contribution	contribution	NOUN
ajeer-1431	23	39	of	of	ADP
ajeer-1431	23	40	this	this	DET
ajeer-1431	23	41	paper	paper	NOUN
ajeer-1431	23	42	to	to	ADP
ajeer-1431	23	43	the	the	DET
ajeer-1431	23	44	literature	literature	NOUN
ajeer-1431	23	45	this	this	DET
ajeer-1431	23	46	study	study	NOUN
ajeer-1431	23	47	contributes	contribute	VERB
ajeer-1431	23	48	to	to	ADP
ajeer-1431	23	49	existing	exist	VERB
ajeer-1431	23	50	literature	literature	NOUN
ajeer-1431	23	51	by	by	ADP
ajeer-1431	23	52	analyzing	analyze	VERB
ajeer-1431	23	53	the	the	DET
ajeer-1431	23	54	sources	source	NOUN
ajeer-1431	23	55	of	of	ADP
ajeer-1431	23	56	current	current	ADJ
ajeer-1431	23	57	account	account	NOUN
ajeer-1431	23	58	fluctuations	fluctuation	NOUN
ajeer-1431	23	59	in	in	ADP
ajeer-1431	23	60	the	the	DET
ajeer-1431	23	61	west	west	ADJ
ajeer-1431	23	62	african	african	PROPN
ajeer-1431	23	63	monetary	monetary	PROPN
ajeer-1431	23	64	union	union	PROPN
ajeer-1431	23	65	(	(	PUNCT
ajeer-1431	23	66	waemu	waemu	NOUN
ajeer-1431	23	67	)	)	PUNCT
ajeer-1431	23	68	economies	economy	NOUN
ajeer-1431	23	69	over	over	ADP
ajeer-1431	23	70	the	the	DET
ajeer-1431	23	71	period	period	NOUN
ajeer-1431	23	72	from	from	ADP
ajeer-1431	23	73	1980	1980	NUM
ajeer-1431	23	74	to	to	ADP
ajeer-1431	23	75	2017	2017	NUM
ajeer-1431	23	76	.	.	PUNCT
ajeer-1431	24	1	1	1	X
ajeer-1431	24	2	.	.	X
ajeer-1431	24	3	introduction	introduction	NOUN
ajeer-1431	24	4	after	after	ADP
ajeer-1431	24	5	its	its	PRON
ajeer-1431	24	6	creation	creation	NOUN
ajeer-1431	24	7	in	in	ADP
ajeer-1431	24	8	the	the	DET
ajeer-1431	24	9	early	early	ADJ
ajeer-1431	24	10	1960s	1960	NOUN
ajeer-1431	24	11	,	,	PUNCT
ajeer-1431	24	12	the	the	DET
ajeer-1431	24	13	west	west	ADJ
ajeer-1431	24	14	african	african	ADJ
ajeer-1431	24	15	monetary	monetary	PROPN
ajeer-1431	24	16	union	union	PROPN
ajeer-1431	24	17	(	(	PUNCT
ajeer-1431	24	18	wamu	wamu	PROPN
ajeer-1431	24	19	)	)	PUNCT
ajeer-1431	24	20	benefited	benefit	VERB
ajeer-1431	24	21	from	from	ADP
ajeer-1431	24	22	a	a	DET
ajeer-1431	24	23	favorable	favorable	ADJ
ajeer-1431	24	24	international	international	ADJ
ajeer-1431	24	25	environment	environment	NOUN
ajeer-1431	24	26	,	,	PUNCT
ajeer-1431	24	27	particularly	particularly	ADV
ajeer-1431	24	28	with	with	ADP
ajeer-1431	24	29	high	high	ADJ
ajeer-1431	24	30	commodity	commodity	NOUN
ajeer-1431	24	31	prices	price	NOUN
ajeer-1431	24	32	,	,	PUNCT
ajeer-1431	24	33	the	the	DET
ajeer-1431	24	34	basis	basis	NOUN
ajeer-1431	24	35	of	of	ADP
ajeer-1431	24	36	its	its	PRON
ajeer-1431	24	37	economies	economy	NOUN
ajeer-1431	24	38	exports	export	NOUN
ajeer-1431	24	39	.	.	PUNCT
ajeer-1431	25	1	thus	thus	ADV
ajeer-1431	25	2	,	,	PUNCT
ajeer-1431	25	3	the	the	DET
ajeer-1431	25	4	zone	zone	NOUN
ajeer-1431	25	5	has	have	AUX
ajeer-1431	25	6	recorded	record	VERB
ajeer-1431	25	7	good	good	ADJ
ajeer-1431	25	8	macroeconomic	macroeconomic	ADJ
ajeer-1431	25	9	performance	performance	NOUN
ajeer-1431	25	10	with	with	ADP
ajeer-1431	25	11	significant	significant	ADJ
ajeer-1431	25	12	economic	economic	ADJ
ajeer-1431	25	13	growth	growth	NOUN
ajeer-1431	25	14	and	and	CCONJ
ajeer-1431	25	15	controlled	control	VERB
ajeer-1431	25	16	inflation	inflation	NOUN
ajeer-1431	25	17	.	.	PUNCT
ajeer-1431	26	1	these	these	DET
ajeer-1431	26	2	good	good	ADJ
ajeer-1431	26	3	macroeconomic	macroeconomic	ADJ
ajeer-1431	26	4	performances	performance	NOUN
ajeer-1431	26	5	will	will	AUX
ajeer-1431	26	6	lead	lead	VERB
ajeer-1431	26	7	to	to	ADP
ajeer-1431	26	8	the	the	DET
ajeer-1431	26	9	implementation	implementation	NOUN
ajeer-1431	26	10	of	of	ADP
ajeer-1431	26	11	proactive	proactive	ADJ
ajeer-1431	26	12	economic	economic	ADJ
ajeer-1431	26	13	policies	policy	NOUN
ajeer-1431	26	14	to	to	PART
ajeer-1431	26	15	substitute	substitute	VERB
ajeer-1431	26	16	for	for	ADP
ajeer-1431	26	17	imports	import	NOUN
ajeer-1431	26	18	by	by	ADP
ajeer-1431	26	19	the	the	DET
ajeer-1431	26	20	states	state	NOUN
ajeer-1431	26	21	at	at	ADP
ajeer-1431	26	22	the	the	DET
ajeer-1431	26	23	industrial	industrial	ADJ
ajeer-1431	26	24	level	level	NOUN
ajeer-1431	26	25	during	during	ADP
ajeer-1431	26	26	the	the	DET
ajeer-1431	26	27	decade	decade	NOUN
ajeer-1431	26	28	1970	1970	NUM
ajeer-1431	26	29	-	-	SYM
ajeer-1431	26	30	1980	1980	NUM
ajeer-1431	26	31	.	.	PUNCT
ajeer-1431	27	1	which	which	PRON
ajeer-1431	27	2	industrial	industrial	ADJ
ajeer-1431	27	3	policies	policy	NOUN
ajeer-1431	27	4	have	have	AUX
ajeer-1431	27	5	been	be	AUX
ajeer-1431	27	6	financed	finance	VERB
ajeer-1431	27	7	by	by	ADP
ajeer-1431	27	8	external	external	ADJ
ajeer-1431	27	9	indebtedness	indebtedness	NOUN
ajeer-1431	27	10	(	(	PUNCT
ajeer-1431	27	11	nubukpo	nubukpo	ADJ
ajeer-1431	27	12	,	,	PUNCT
ajeer-1431	27	13	2013	2013	NUM
ajeer-1431	27	14	)	)	PUNCT
ajeer-1431	27	15	.	.	PUNCT
ajeer-1431	28	1	but	but	CCONJ
ajeer-1431	28	2	in	in	ADP
ajeer-1431	28	3	the	the	DET
ajeer-1431	28	4	early	early	ADJ
ajeer-1431	28	5	1980s	1980s	NUM
ajeer-1431	28	6	,	,	PUNCT
ajeer-1431	28	7	the	the	DET
ajeer-1431	28	8	waemu	waemu	NOUN
ajeer-1431	28	9	economies	economy	NOUN
ajeer-1431	28	10	will	will	AUX
ajeer-1431	28	11	have	have	VERB
ajeer-1431	28	12	to	to	PART
ajeer-1431	28	13	deal	deal	VERB
ajeer-1431	28	14	with	with	ADP
ajeer-1431	28	15	exogenous	exogenous	ADJ
ajeer-1431	28	16	shocks	shock	NOUN
ajeer-1431	28	17	,	,	PUNCT
ajeer-1431	28	18	such	such	ADJ
ajeer-1431	28	19	as	as	ADP
ajeer-1431	28	20	falling	fall	VERB
ajeer-1431	28	21	commodity	commodity	NOUN
ajeer-1431	28	22	prices	price	NOUN
ajeer-1431	28	23	.	.	PUNCT
ajeer-1431	29	1	thus	thus	ADV
ajeer-1431	29	2	,	,	PUNCT
ajeer-1431	29	3	difficulties	difficulty	NOUN
ajeer-1431	29	4	have	have	AUX
ajeer-1431	29	5	emerged	emerge	VERB
ajeer-1431	29	6	in	in	ADP
ajeer-1431	29	7	terms	term	NOUN
ajeer-1431	29	8	of	of	ADP
ajeer-1431	29	9	public	public	ADJ
ajeer-1431	29	10	finances	finance	NOUN
ajeer-1431	29	11	with	with	ADP
ajeer-1431	29	12	unsustainable	unsustainable	ADJ
ajeer-1431	29	13	debt	debt	NOUN
ajeer-1431	29	14	and	and	CCONJ
ajeer-1431	29	15	budget	budget	NOUN
ajeer-1431	29	16	and	and	CCONJ
ajeer-1431	29	17	current	current	ADJ
ajeer-1431	29	18	account	account	NOUN
ajeer-1431	29	19	deficits	deficit	NOUN
ajeer-1431	29	20	.	.	PUNCT
ajeer-1431	30	1	these	these	DET
ajeer-1431	30	2	deficits	deficit	NOUN
ajeer-1431	30	3	were	be	AUX
ajeer-1431	30	4	particularly	particularly	ADV
ajeer-1431	30	5	marked	mark	VERB
ajeer-1431	30	6	during	during	ADP
ajeer-1431	30	7	the	the	DET
ajeer-1431	30	8	1970	1970	NUM
ajeer-1431	30	9	-	-	SYM
ajeer-1431	30	10	1980	1980	NUM
ajeer-1431	30	11	decade	decade	NOUN
ajeer-1431	30	12	,	,	PUNCT
ajeer-1431	30	13	mainly	mainly	ADV
ajeer-1431	30	14	because	because	SCONJ
ajeer-1431	30	15	of	of	ADP
ajeer-1431	30	16	the	the	DET
ajeer-1431	30	17	fall	fall	NOUN
ajeer-1431	30	18	in	in	ADP
ajeer-1431	30	19	commodity	commodity	NOUN
ajeer-1431	30	20	prices	price	NOUN
ajeer-1431	30	21	on	on	ADP
ajeer-1431	30	22	the	the	DET
ajeer-1431	30	23	world	world	NOUN
ajeer-1431	30	24	market	market	NOUN
ajeer-1431	30	25	(	(	PUNCT
ajeer-1431	30	26	plane	plane	NOUN
ajeer-1431	30	27	,	,	PUNCT
ajeer-1431	30	28	1988	1988	NUM
ajeer-1431	30	29	)	)	PUNCT
ajeer-1431	30	30	.	.	PUNCT
ajeer-1431	31	1	since	since	SCONJ
ajeer-1431	31	2	then	then	ADV
ajeer-1431	31	3	,	,	PUNCT
ajeer-1431	31	4	the	the	DET
ajeer-1431	31	5	current	current	ADJ
ajeer-1431	31	6	accounts	account	NOUN
ajeer-1431	31	7	of	of	ADP
ajeer-1431	31	8	the	the	DET
ajeer-1431	31	9	member	member	NOUN
ajeer-1431	31	10	countries	country	NOUN
ajeer-1431	31	11	of	of	ADP
ajeer-1431	31	12	the	the	DET
ajeer-1431	31	13	west	west	ADJ
ajeer-1431	31	14	african	african	ADJ
ajeer-1431	31	15	economic	economic	ADJ
ajeer-1431	31	16	and	and	CCONJ
ajeer-1431	31	17	monetary	monetary	ADJ
ajeer-1431	31	18	union	union	NOUN
ajeer-1431	31	19	(	(	PUNCT
ajeer-1431	31	20	waemu	waemu	PROPN
ajeer-1431	31	21	)	)	PUNCT
ajeer-1431	31	22	are	be	AUX
ajeer-1431	31	23	systematically	systematically	ADV
ajeer-1431	31	24	in	in	ADP
ajeer-1431	31	25	deficit	deficit	NOUN
ajeer-1431	31	26	and	and	CCONJ
ajeer-1431	31	27	the	the	DET
ajeer-1431	31	28	good	good	ADJ
ajeer-1431	31	29	performances	performance	NOUN
ajeer-1431	31	30	of	of	ADP
ajeer-1431	31	31	the	the	DET
ajeer-1431	31	32	zone	zone	NOUN
ajeer-1431	31	33	in	in	ADP
ajeer-1431	31	34	terms	term	NOUN
ajeer-1431	31	35	of	of	ADP
ajeer-1431	31	36	economic	economic	ADJ
ajeer-1431	31	37	growth	growth	NOUN
ajeer-1431	31	38	registered	register	VERB
ajeer-1431	31	39	in	in	ADP
ajeer-1431	31	40	recent	recent	ADJ
ajeer-1431	31	41	years	year	NOUN
ajeer-1431	31	42	,	,	PUNCT
ajeer-1431	31	43	do	do	AUX
ajeer-1431	31	44	not	not	PART
ajeer-1431	31	45	seem	seem	VERB
ajeer-1431	31	46	to	to	PART
ajeer-1431	31	47	reduce	reduce	VERB
ajeer-1431	31	48	the	the	DET
ajeer-1431	31	49	deficits	deficit	NOUN
ajeer-1431	31	50	that	that	PRON
ajeer-1431	31	51	keeps	keep	VERB
ajeer-1431	31	52	growing	grow	VERB
ajeer-1431	31	53	.	.	PUNCT
ajeer-1431	32	1	in	in	ADP
ajeer-1431	32	2	2017	2017	NUM
ajeer-1431	32	3	,	,	PUNCT
ajeer-1431	32	4	for	for	ADP
ajeer-1431	32	5	example	example	NOUN
ajeer-1431	32	6	,	,	PUNCT
ajeer-1431	32	7	while	while	SCONJ
ajeer-1431	32	8	economic	economic	ADJ
ajeer-1431	32	9	growth	growth	NOUN
ajeer-1431	32	10	was	be	AUX
ajeer-1431	32	11	more	more	ADJ
ajeer-1431	32	12	than	than	ADP
ajeer-1431	32	13	6	6	NUM
ajeer-1431	32	14	%	%	NOUN
ajeer-1431	32	15	(	(	PUNCT
ajeer-1431	32	16	west	west	ADJ
ajeer-1431	32	17	african	african	ADJ
ajeer-1431	32	18	economies	economy	NOUN
ajeer-1431	32	19	central	central	PROPN
ajeer-1431	32	20	bank	bank	PROPN
ajeer-1431	32	21	statistics	statistic	NOUN
ajeer-1431	32	22	)	)	PUNCT
ajeer-1431	32	23	for	for	ADP
ajeer-1431	32	24	the	the	DET
ajeer-1431	32	25	third	third	ADJ
ajeer-1431	32	26	year	year	NOUN
ajeer-1431	32	27	in	in	ADP
ajeer-1431	32	28	a	a	DET
ajeer-1431	32	29	row	row	NOUN
ajeer-1431	32	30	,	,	PUNCT
ajeer-1431	32	31	the	the	DET
ajeer-1431	32	32	overall	overall	ADJ
ajeer-1431	32	33	current	current	ADJ
ajeer-1431	32	34	account	account	NOUN
ajeer-1431	32	35	deficit	deficit	NOUN
ajeer-1431	32	36	of	of	ADP
ajeer-1431	32	37	the	the	DET
ajeer-1431	32	38	union	union	NOUN
ajeer-1431	32	39	reached	reach	VERB
ajeer-1431	32	40	6.8	6.8	NUM
ajeer-1431	32	41	%	%	NOUN
ajeer-1431	32	42	of	of	ADP
ajeer-1431	32	43	gdp	gdp	NOUN
ajeer-1431	32	44	,	,	PUNCT
ajeer-1431	32	45	its	its	PRON
ajeer-1431	32	46	highest	high	ADJ
ajeer-1431	32	47	level	level	NOUN
ajeer-1431	32	48	since	since	SCONJ
ajeer-1431	32	49	2008	2008	NUM
ajeer-1431	32	50	;	;	PUNCT
ajeer-1431	32	51	year	year	NOUN
ajeer-1431	32	52	of	of	ADP
ajeer-1431	32	53	the	the	DET
ajeer-1431	32	54	global	global	ADJ
ajeer-1431	32	55	economic	economic	ADJ
ajeer-1431	32	56	and	and	CCONJ
ajeer-1431	32	57	financial	financial	ADJ
ajeer-1431	32	58	crisis	crisis	NOUN
ajeer-1431	32	59	.	.	PUNCT
ajeer-1431	33	1	thus	thus	ADV
ajeer-1431	33	2	,	,	PUNCT
ajeer-1431	33	3	despite	despite	SCONJ
ajeer-1431	33	4	the	the	DET
ajeer-1431	33	5	good	good	ADJ
ajeer-1431	33	6	macroeconomic	macroeconomic	ADJ
ajeer-1431	33	7	performance	performance	NOUN
ajeer-1431	33	8	recorded	record	VERB
ajeer-1431	33	9	,	,	PUNCT
ajeer-1431	33	10	waemu	waemu	NOUN
ajeer-1431	33	11	still	still	ADV
ajeer-1431	33	12	faces	face	VERB
ajeer-1431	33	13	a	a	DET
ajeer-1431	33	14	widening	widening	NOUN
ajeer-1431	33	15	of	of	ADP
ajeer-1431	33	16	external	external	ADJ
ajeer-1431	33	17	deficits	deficit	NOUN
ajeer-1431	33	18	which	which	PRON
ajeer-1431	33	19	accentuate	accentuate	VERB
ajeer-1431	33	20	its	its	PRON
ajeer-1431	33	21	financing	financing	NOUN
ajeer-1431	33	22	constraints	constraint	NOUN
ajeer-1431	33	23	(	(	PUNCT
ajeer-1431	33	24	alby	alby	PROPN
ajeer-1431	33	25	,	,	PUNCT
ajeer-1431	33	26	2018	2018	NUM
ajeer-1431	33	27	)	)	PUNCT
ajeer-1431	33	28	.	.	PUNCT
ajeer-1431	34	1	the	the	DET
ajeer-1431	34	2	worsening	worsening	NOUN
ajeer-1431	34	3	of	of	ADP
ajeer-1431	34	4	the	the	DET
ajeer-1431	34	5	current	current	ADJ
ajeer-1431	34	6	account	account	NOUN
ajeer-1431	34	7	deficits	deficit	NOUN
ajeer-1431	34	8	in	in	ADP
ajeer-1431	34	9	the	the	DET
ajeer-1431	34	10	union	union	NOUN
ajeer-1431	34	11	leads	lead	VERB
ajeer-1431	34	12	countries	country	NOUN
ajeer-1431	34	13	to	to	PART
ajeer-1431	34	14	use	use	VERB
ajeer-1431	34	15	indebtedness	indebtedness	NOUN
ajeer-1431	34	16	to	to	PART
ajeer-1431	34	17	finance	finance	VERB
ajeer-1431	34	18	their	their	PRON
ajeer-1431	34	19	public	public	ADJ
ajeer-1431	34	20	investment	investment	NOUN
ajeer-1431	34	21	programs	program	NOUN
ajeer-1431	34	22	.	.	PUNCT
ajeer-1431	35	1	this	this	PRON
ajeer-1431	35	2	is	be	AUX
ajeer-1431	35	3	also	also	ADV
ajeer-1431	35	4	fueling	fuel	VERB
ajeer-1431	35	5	the	the	DET
ajeer-1431	35	6	burden	burden	NOUN
ajeer-1431	35	7	of	of	ADP
ajeer-1431	35	8	the	the	DET
ajeer-1431	35	9	public	public	ADJ
ajeer-1431	35	10	debt	debt	NOUN
ajeer-1431	35	11	and	and	CCONJ
ajeer-1431	35	12	increasing	increase	VERB
ajeer-1431	35	13	budget	budget	NOUN
ajeer-1431	35	14	deficits	deficit	NOUN
ajeer-1431	35	15	.	.	PUNCT
ajeer-1431	36	1	fiscal	fiscal	ADJ
ajeer-1431	36	2	and	and	CCONJ
ajeer-1431	36	3	current	current	ADJ
ajeer-1431	36	4	imbalances	imbalance	NOUN
ajeer-1431	36	5	put	put	VERB
ajeer-1431	36	6	pressure	pressure	NOUN
ajeer-1431	36	7	on	on	ADP
ajeer-1431	36	8	international	international	ADJ
ajeer-1431	36	9	foreign	foreign	ADJ
ajeer-1431	36	10	exchange	exchange	NOUN
ajeer-1431	36	11	reserves	reserve	NOUN
ajeer-1431	36	12	and	and	CCONJ
ajeer-1431	36	13	put	put	VERB
ajeer-1431	36	14	the	the	DET
ajeer-1431	36	15	economies	economy	NOUN
ajeer-1431	36	16	at	at	ADP
ajeer-1431	36	17	risk	risk	NOUN
ajeer-1431	36	18	of	of	ADP
ajeer-1431	36	19	a	a	DET
ajeer-1431	36	20	sharp	sharp	ADJ
ajeer-1431	36	21	adjustment	adjustment	NOUN
ajeer-1431	36	22	.	.	PUNCT
ajeer-1431	37	1	according	accord	VERB
ajeer-1431	37	2	to	to	ADP
ajeer-1431	37	3	the	the	DET
ajeer-1431	37	4	international	international	ADJ
ajeer-1431	37	5	monetary	monetary	ADJ
ajeer-1431	37	6	fund	fund	NOUN
ajeer-1431	37	7	(	(	PUNCT
ajeer-1431	37	8	2018	2018	NUM
ajeer-1431	37	9	)	)	PUNCT
ajeer-1431	37	10	the	the	DET
ajeer-1431	37	11	waemu	waemu	PROPN
ajeer-1431	37	12	countries	country	NOUN
ajeer-1431	37	13	incurred	incur	VERB
ajeer-1431	37	14	a	a	DET
ajeer-1431	37	15	loss	loss	NOUN
ajeer-1431	37	16	of	of	ADP
ajeer-1431	37	17	993	993	NUM
ajeer-1431	37	18	billion	billion	NUM
ajeer-1431	37	19	cfa	cfa	NOUN
ajeer-1431	37	20	francs	franc	NOUN
ajeer-1431	37	21	on	on	ADP
ajeer-1431	37	22	their	their	PRON
ajeer-1431	37	23	foreign	foreign	ADJ
ajeer-1431	37	24	exchange	exchange	NOUN
ajeer-1431	37	25	reserves	reserve	NOUN
ajeer-1431	37	26	during	during	ADP
ajeer-1431	37	27	the	the	DET
ajeer-1431	37	28	year	year	NOUN
ajeer-1431	37	29	2016	2016	NUM
ajeer-1431	37	30	,	,	PUNCT
ajeer-1431	37	31	thus	thus	ADV
ajeer-1431	37	32	raised	raise	VERB
ajeer-1431	37	33	the	the	DET
ajeer-1431	37	34	debate	debate	NOUN
ajeer-1431	37	35	on	on	ADP
ajeer-1431	37	36	a	a	DET
ajeer-1431	37	37	necessary	necessary	ADJ
ajeer-1431	37	38	devaluation	devaluation	NOUN
ajeer-1431	37	39	of	of	ADP
ajeer-1431	37	40	the	the	DET
ajeer-1431	37	41	common	common	ADJ
ajeer-1431	37	42	currency	currency	NOUN
ajeer-1431	37	43	.	.	PUNCT
ajeer-1431	38	1	if	if	SCONJ
ajeer-1431	38	2	the	the	DET
ajeer-1431	38	3	scenario	scenario	NOUN
ajeer-1431	38	4	of	of	ADP
ajeer-1431	38	5	a	a	DET
ajeer-1431	38	6	devaluation	devaluation	NOUN
ajeer-1431	38	7	of	of	ADP
ajeer-1431	38	8	the	the	DET
ajeer-1431	38	9	cfa	cfa	PROPN
ajeer-1431	38	10	franc	franc	NOUN
ajeer-1431	38	11	was	be	AUX
ajeer-1431	38	12	then	then	ADV
ajeer-1431	38	13	avoided	avoid	VERB
ajeer-1431	38	14	and	and	CCONJ
ajeer-1431	38	15	the	the	DET
ajeer-1431	38	16	deficit	deficit	NOUN
ajeer-1431	38	17	was	be	AUX
ajeer-1431	38	18	made	make	VERB
ajeer-1431	38	19	up	up	ADP
ajeer-1431	38	20	,	,	PUNCT
ajeer-1431	38	21	it	it	PRON
ajeer-1431	38	22	is	be	AUX
ajeer-1431	38	23	thanks	thank	NOUN
ajeer-1431	38	24	to	to	ADP
ajeer-1431	38	25	the	the	DET
ajeer-1431	38	26	foreign	foreign	ADJ
ajeer-1431	38	27	capital	capital	NOUN
ajeer-1431	38	28	flows	flow	NOUN
ajeer-1431	38	29	resulting	result	VERB
ajeer-1431	38	30	in	in	ADP
ajeer-1431	38	31	particular	particular	ADJ
ajeer-1431	38	32	from	from	ADP
ajeer-1431	38	33	the	the	DET
ajeer-1431	38	34	issues	issue	NOUN
ajeer-1431	38	35	of	of	ADP
ajeer-1431	38	36	eurobonds	eurobond	NOUN
ajeer-1431	38	37	by	by	ADP
ajeer-1431	38	38	the	the	DET
ajeer-1431	38	39	two	two	NUM
ajeer-1431	38	40	big	big	ADJ
ajeer-1431	38	41	states	state	NOUN
ajeer-1431	38	42	of	of	ADP
ajeer-1431	38	43	the	the	DET
ajeer-1431	38	44	zone	zone	NOUN
ajeer-1431	38	45	,	,	PUNCT
ajeer-1431	38	46	ivory	ivory	PROPN
ajeer-1431	38	47	coast	coast	PROPN
ajeer-1431	38	48	and	and	CCONJ
ajeer-1431	38	49	senegal	senegal	PROPN
ajeer-1431	38	50	.	.	PUNCT
ajeer-1431	39	1	but	but	CCONJ
ajeer-1431	39	2	the	the	DET
ajeer-1431	39	3	exposure	exposure	NOUN
ajeer-1431	39	4	of	of	ADP
ajeer-1431	39	5	waemu	waemu	NOUN
ajeer-1431	39	6	countries	country	NOUN
ajeer-1431	39	7	to	to	ADP
ajeer-1431	39	8	the	the	DET
ajeer-1431	39	9	international	international	ADJ
ajeer-1431	39	10	financial	financial	ADJ
ajeer-1431	39	11	market	market	NOUN
ajeer-1431	39	12	calls	call	VERB
ajeer-1431	39	13	for	for	ADP
ajeer-1431	39	14	close	close	ADJ
ajeer-1431	39	15	monitoring	monitoring	NOUN
ajeer-1431	39	16	of	of	ADP
ajeer-1431	39	17	budget	budget	NOUN
ajeer-1431	39	18	and	and	CCONJ
ajeer-1431	39	19	current	current	ADJ
ajeer-1431	39	20	account	account	NOUN
ajeer-1431	39	21	deficits	deficit	NOUN
ajeer-1431	39	22	for	for	ADP
ajeer-1431	39	23	at	at	ADV
ajeer-1431	39	24	least	least	ADV
ajeer-1431	39	25	two	two	NUM
ajeer-1431	39	26	reasons	reason	NOUN
ajeer-1431	39	27	.	.	PUNCT
ajeer-1431	40	1	first	first	ADV
ajeer-1431	40	2	,	,	PUNCT
ajeer-1431	40	3	an	an	DET
ajeer-1431	40	4	accumulation	accumulation	NOUN
ajeer-1431	40	5	of	of	ADP
ajeer-1431	40	6	current	current	ADJ
ajeer-1431	40	7	account	account	NOUN
ajeer-1431	40	8	deficits	deficit	NOUN
ajeer-1431	40	9	in	in	ADP
ajeer-1431	40	10	a	a	DET
ajeer-1431	40	11	context	context	NOUN
ajeer-1431	40	12	of	of	ADP
ajeer-1431	40	13	low	low	ADJ
ajeer-1431	40	14	resource	resource	NOUN
ajeer-1431	40	15	mobilization	mobilization	NOUN
ajeer-1431	40	16	capacities	capacity	NOUN
ajeer-1431	40	17	exposes	expose	VERB
ajeer-1431	40	18	countries	country	NOUN
ajeer-1431	40	19	to	to	ADP
ajeer-1431	40	20	a	a	DET
ajeer-1431	40	21	spiral	spiral	NOUN
ajeer-1431	40	22	of	of	ADP
ajeer-1431	40	23	debt	debt	NOUN
ajeer-1431	40	24	with	with	ADP
ajeer-1431	40	25	almost	almost	ADV
ajeer-1431	40	26	unbearable	unbearable	ADJ
ajeer-1431	40	27	debt	debt	NOUN
ajeer-1431	40	28	interest	interest	NOUN
ajeer-1431	40	29	charges	charge	NOUN
ajeer-1431	40	30	,	,	PUNCT
ajeer-1431	40	31	as	as	SCONJ
ajeer-1431	40	32	was	be	AUX
ajeer-1431	40	33	the	the	DET
ajeer-1431	40	34	case	case	NOUN
ajeer-1431	40	35	in	in	ADP
ajeer-1431	40	36	the	the	DET
ajeer-1431	40	37	late	late	ADJ
ajeer-1431	40	38	1980s	1980s	NUM
ajeer-1431	40	39	.	.	PUNCT
ajeer-1431	41	1	second	second	ADJ
ajeer-1431	41	2	,	,	PUNCT
ajeer-1431	41	3	economies	economy	NOUN
ajeer-1431	41	4	of	of	ADP
ajeer-1431	41	5	the	the	DET
ajeer-1431	41	6	union	union	NOUN
ajeer-1431	41	7	would	would	AUX
ajeer-1431	41	8	then	then	ADV
ajeer-1431	41	9	depend	depend	VERB
ajeer-1431	41	10	on	on	ADP
ajeer-1431	41	11	the	the	DET
ajeer-1431	41	12	conditions	condition	NOUN
ajeer-1431	41	13	of	of	ADP
ajeer-1431	41	14	credit	credit	NOUN
ajeer-1431	41	15	on	on	ADP
ajeer-1431	41	16	the	the	DET
ajeer-1431	41	17	international	international	ADJ
ajeer-1431	41	18	market	market	NOUN
ajeer-1431	41	19	and	and	CCONJ
ajeer-1431	41	20	a	a	DET
ajeer-1431	41	21	hardening	hardening	NOUN
ajeer-1431	41	22	of	of	ADP
ajeer-1431	41	23	these	these	PRON
ajeer-1431	41	24	would	would	AUX
ajeer-1431	41	25	strongly	strongly	ADV
ajeer-1431	41	26	affect	affect	VERB
ajeer-1431	41	27	their	their	PRON
ajeer-1431	41	28	external	external	ADJ
ajeer-1431	41	29	stability	stability	NOUN
ajeer-1431	41	30	.	.	PUNCT
ajeer-1431	42	1	thus	thus	ADV
ajeer-1431	42	2	,	,	PUNCT
ajeer-1431	42	3	a	a	DET
ajeer-1431	42	4	decline	decline	NOUN
ajeer-1431	42	5	in	in	ADP
ajeer-1431	42	6	growth	growth	NOUN
ajeer-1431	42	7	in	in	ADP
ajeer-1431	42	8	developed	develop	VERB
ajeer-1431	42	9	countries	country	NOUN
ajeer-1431	42	10	and	and	CCONJ
ajeer-1431	42	11	the	the	DET
ajeer-1431	42	12	tightening	tightening	NOUN
ajeer-1431	42	13	of	of	ADP
ajeer-1431	42	14	international	international	ADJ
ajeer-1431	42	15	financial	financial	ADJ
ajeer-1431	42	16	market	market	NOUN
ajeer-1431	42	17	conditions	condition	NOUN
ajeer-1431	42	18	,	,	PUNCT
ajeer-1431	42	19	which	which	PRON
ajeer-1431	42	20	would	would	AUX
ajeer-1431	42	21	be	be	AUX
ajeer-1431	42	22	linked	link	VERB
ajeer-1431	42	23	to	to	ADP
ajeer-1431	42	24	the	the	DET
ajeer-1431	42	25	nature	nature	NOUN
ajeer-1431	42	26	of	of	ADP
ajeer-1431	42	27	the	the	DET
ajeer-1431	42	28	monetary	monetary	ADJ
ajeer-1431	42	29	policies	policy	NOUN
ajeer-1431	42	30	that	that	PRON
ajeer-1431	42	31	will	will	AUX
ajeer-1431	42	32	be	be	AUX
ajeer-1431	42	33	conducted	conduct	VERB
ajeer-1431	42	34	in	in	ADP
ajeer-1431	42	35	the	the	DET
ajeer-1431	42	36	united	united	PROPN
ajeer-1431	42	37	states	states	PROPN
ajeer-1431	42	38	and	and	CCONJ
ajeer-1431	42	39	in	in	ADP
ajeer-1431	42	40	europe	europe	PROPN
ajeer-1431	42	41	particularly	particularly	ADV
ajeer-1431	42	42	,	,	PUNCT
ajeer-1431	42	43	raise	raise	VERB
ajeer-1431	42	44	the	the	DET
ajeer-1431	42	45	risk	risk	NOUN
ajeer-1431	42	46	of	of	ADP
ajeer-1431	42	47	a	a	DET
ajeer-1431	42	48	sudden	sudden	ADJ
ajeer-1431	42	49	stop	stop	NOUN
ajeer-1431	42	50	of	of	ADP
ajeer-1431	42	51	foreign	foreign	ADJ
ajeer-1431	42	52	capital	capital	NOUN
ajeer-1431	42	53	flows	flow	NOUN
ajeer-1431	42	54	.	.	PUNCT
ajeer-1431	43	1	this	this	PRON
ajeer-1431	43	2	would	would	AUX
ajeer-1431	43	3	create	create	VERB
ajeer-1431	43	4	a	a	DET
ajeer-1431	43	5	serious	serious	ADJ
ajeer-1431	43	6	threat	threat	NOUN
ajeer-1431	43	7	to	to	ADP
ajeer-1431	43	8	the	the	DET
ajeer-1431	43	9	stability	stability	NOUN
ajeer-1431	43	10	of	of	ADP
ajeer-1431	43	11	the	the	DET
ajeer-1431	43	12	waemu	waemu	NOUN
ajeer-1431	43	13	economies	economy	NOUN
ajeer-1431	43	14	.	.	PUNCT
ajeer-1431	44	1	indeed	indeed	ADV
ajeer-1431	44	2	,	,	PUNCT
ajeer-1431	44	3	an	an	DET
ajeer-1431	44	4	accentuation	accentuation	NOUN
ajeer-1431	44	5	of	of	ADP
ajeer-1431	44	6	current	current	ADJ
ajeer-1431	44	7	deficits	deficit	NOUN
ajeer-1431	44	8	,	,	PUNCT
ajeer-1431	44	9	combined	combine	VERB
ajeer-1431	44	10	with	with	ADP
ajeer-1431	44	11	a	a	DET
ajeer-1431	44	12	scarcity	scarcity	NOUN
ajeer-1431	44	13	of	of	ADP
ajeer-1431	44	14	foreign	foreign	ADJ
ajeer-1431	44	15	capital	capital	NOUN
ajeer-1431	44	16	,	,	PUNCT
ajeer-1431	44	17	will	will	AUX
ajeer-1431	44	18	lead	lead	VERB
ajeer-1431	44	19	to	to	ADP
ajeer-1431	44	20	a	a	DET
ajeer-1431	44	21	deficit	deficit	NOUN
ajeer-1431	44	22	in	in	ADP
ajeer-1431	44	23	the	the	DET
ajeer-1431	44	24	overall	overall	ADJ
ajeer-1431	44	25	balance	balance	NOUN
ajeer-1431	44	26	of	of	ADP
ajeer-1431	44	27	payments	payment	NOUN
ajeer-1431	44	28	and	and	CCONJ
ajeer-1431	44	29	ultimately	ultimately	ADV
ajeer-1431	44	30	to	to	ADP
ajeer-1431	44	31	a	a	DET
ajeer-1431	44	32	decrease	decrease	NOUN
ajeer-1431	44	33	in	in	ADP
ajeer-1431	44	34	foreign	foreign	ADJ
ajeer-1431	44	35	exchange	exchange	NOUN
ajeer-1431	44	36	reserves	reserve	NOUN
ajeer-1431	44	37	.	.	PUNCT
ajeer-1431	45	1	in	in	ADP
ajeer-1431	45	2	order	order	NOUN
ajeer-1431	45	3	to	to	PART
ajeer-1431	45	4	avoid	avoid	VERB
ajeer-1431	45	5	a	a	DET
ajeer-1431	45	6	payments	payment	NOUN
ajeer-1431	45	7	crisis	crisis	NOUN
ajeer-1431	45	8	,	,	PUNCT
ajeer-1431	45	9	countries	country	NOUN
ajeer-1431	45	10	could	could	AUX
ajeer-1431	45	11	be	be	AUX
ajeer-1431	45	12	forced	force	VERB
ajeer-1431	45	13	to	to	PART
ajeer-1431	45	14	carry	carry	VERB
ajeer-1431	45	15	out	out	ADP
ajeer-1431	45	16	brutal	brutal	ADJ
ajeer-1431	45	17	adjustment	adjustment	NOUN
ajeer-1431	45	18	policies	policy	NOUN
ajeer-1431	45	19	as	as	SCONJ
ajeer-1431	45	20	it	it	PRON
ajeer-1431	45	21	happened	happen	VERB
ajeer-1431	45	22	with	with	ADP
ajeer-1431	45	23	the	the	DET
ajeer-1431	45	24	devaluation	devaluation	NOUN
ajeer-1431	45	25	of	of	ADP
ajeer-1431	45	26	the	the	DET
ajeer-1431	45	27	cfa	cfa	PROPN
ajeer-1431	45	28	franc	franc	NOUN
ajeer-1431	45	29	in	in	ADP
ajeer-1431	45	30	1994	1994	NUM
ajeer-1431	45	31	.	.	PUNCT
ajeer-1431	46	1	given	give	VERB
ajeer-1431	46	2	such	such	ADJ
ajeer-1431	46	3	risks	risk	NOUN
ajeer-1431	46	4	to	to	ADP
ajeer-1431	46	5	external	external	ADJ
ajeer-1431	46	6	stability	stability	NOUN
ajeer-1431	46	7	of	of	ADP
ajeer-1431	46	8	economies	economy	NOUN
ajeer-1431	46	9	,	,	PUNCT
ajeer-1431	46	10	it	it	PRON
ajeer-1431	46	11	is	be	AUX
ajeer-1431	46	12	important	important	ADJ
ajeer-1431	46	13	to	to	PART
ajeer-1431	46	14	look	look	VERB
ajeer-1431	46	15	at	at	ADP
ajeer-1431	46	16	the	the	DET
ajeer-1431	46	17	causes	cause	NOUN
ajeer-1431	46	18	of	of	ADP
ajeer-1431	46	19	current	current	ADJ
ajeer-1431	46	20	account	account	NOUN
ajeer-1431	46	21	fluctuations	fluctuation	NOUN
ajeer-1431	46	22	in	in	ADP
ajeer-1431	46	23	waemu	waemu	PROPN
ajeer-1431	46	24	to	to	ADP
ajeer-1431	46	25	those	those	DET
ajeer-1431	46	26	deficit	deficit	NOUN
ajeer-1431	46	27	drivers	driver	NOUN
ajeer-1431	46	28	and	and	CCONJ
ajeer-1431	46	29	possibly	possibly	ADV
ajeer-1431	46	30	the	the	DET
ajeer-1431	46	31	search	search	NOUN
ajeer-1431	46	32	for	for	ADP
ajeer-1431	46	33	resorption	resorption	NOUN
ajeer-1431	46	34	policies	policy	NOUN
ajeer-1431	46	35	.	.	PUNCT
ajeer-1431	47	1	the	the	DET
ajeer-1431	47	2	objective	objective	NOUN
ajeer-1431	47	3	of	of	ADP
ajeer-1431	47	4	this	this	DET
ajeer-1431	47	5	study	study	NOUN
ajeer-1431	47	6	is	be	AUX
ajeer-1431	47	7	to	to	PART
ajeer-1431	47	8	locate	locate	VERB
ajeer-1431	47	9	the	the	DET
ajeer-1431	47	10	origin	origin	NOUN
ajeer-1431	47	11	of	of	ADP
ajeer-1431	47	12	current	current	ADJ
ajeer-1431	47	13	account	account	NOUN
ajeer-1431	47	14	fluctuations	fluctuation	NOUN
ajeer-1431	47	15	in	in	ADP
ajeer-1431	47	16	waemu	waemu	NOUN
ajeer-1431	47	17	.	.	PUNCT
ajeer-1431	48	1	thus	thus	ADV
ajeer-1431	48	2	,	,	PUNCT
ajeer-1431	48	3	it	it	PRON
ajeer-1431	48	4	tries	try	VERB
ajeer-1431	48	5	to	to	PART
ajeer-1431	48	6	answer	answer	VERB
ajeer-1431	48	7	the	the	DET
ajeer-1431	48	8	questions	question	NOUN
ajeer-1431	48	9	to	to	PART
ajeer-1431	48	10	know	know	VERB
ajeer-1431	48	11	:	:	PUNCT
ajeer-1431	48	12	what	what	PRON
ajeer-1431	48	13	are	be	AUX
ajeer-1431	48	14	the	the	DET
ajeer-1431	48	15	causes	cause	NOUN
ajeer-1431	48	16	of	of	ADP
ajeer-1431	48	17	fluctuations	fluctuation	NOUN
ajeer-1431	48	18	of	of	ADP
ajeer-1431	48	19	current	current	ADJ
ajeer-1431	48	20	accounts	account	NOUN
ajeer-1431	48	21	in	in	ADP
ajeer-1431	48	22	waemu	waemu	NOUN
ajeer-1431	48	23	?	?	PUNCT
ajeer-1431	49	1	are	be	AUX
ajeer-1431	49	2	they	they	PRON
ajeer-1431	49	3	external	external	ADJ
ajeer-1431	49	4	or	or	CCONJ
ajeer-1431	49	5	internal	internal	ADJ
ajeer-1431	49	6	to	to	ADP
ajeer-1431	49	7	the	the	DET
ajeer-1431	49	8	economic	economic	ADJ
ajeer-1431	49	9	activity	activity	NOUN
ajeer-1431	49	10	of	of	ADP
ajeer-1431	49	11	the	the	DET
ajeer-1431	49	12	countries	country	NOUN
ajeer-1431	49	13	?	?	PUNCT
ajeer-1431	50	1	the	the	DET
ajeer-1431	50	2	study	study	NOUN
ajeer-1431	50	3	is	be	AUX
ajeer-1431	50	4	conducted	conduct	VERB
ajeer-1431	50	5	as	as	ADP
ajeer-1431	50	6	part	part	NOUN
ajeer-1431	50	7	of	of	ADP
ajeer-1431	50	8	the	the	DET
ajeer-1431	50	9	inter	inter	ADJ
ajeer-1431	50	10	-	-	ADJ
ajeer-1431	50	11	temporal	temporal	ADJ
ajeer-1431	50	12	current	current	ADJ
ajeer-1431	50	13	account	account	NOUN
ajeer-1431	50	14	approach	approach	NOUN
ajeer-1431	50	15	developed	develop	VERB
ajeer-1431	50	16	by	by	ADP
ajeer-1431	50	17	sachs	sachs	PROPN
ajeer-1431	50	18	(	(	PUNCT
ajeer-1431	50	19	1981	1981	NUM
ajeer-1431	50	20	)	)	PUNCT
ajeer-1431	50	21	and	and	CCONJ
ajeer-1431	50	22	buiter	buiter	NOUN
ajeer-1431	50	23	(	(	PUNCT
ajeer-1431	50	24	1981	1981	NUM
ajeer-1431	50	25	)	)	PUNCT
ajeer-1431	50	26	.	.	PUNCT
ajeer-1431	51	1	following	follow	VERB
ajeer-1431	51	2	this	this	DET
ajeer-1431	51	3	approach	approach	NOUN
ajeer-1431	51	4	,	,	PUNCT
ajeer-1431	51	5	the	the	DET
ajeer-1431	51	6	current	current	ADJ
ajeer-1431	51	7	account	account	NOUN
ajeer-1431	51	8	is	be	AUX
ajeer-1431	51	9	used	use	VERB
ajeer-1431	51	10	by	by	ADP
ajeer-1431	51	11	economic	economic	ADJ
ajeer-1431	51	12	agents	agent	NOUN
ajeer-1431	51	13	to	to	PART
ajeer-1431	51	14	smooth	smooth	VERB
ajeer-1431	51	15	their	their	PRON
ajeer-1431	51	16	consumption	consumption	NOUN
ajeer-1431	51	17	against	against	ADP
ajeer-1431	51	18	income	income	NOUN
ajeer-1431	51	19	shocks	shock	NOUN
ajeer-1431	51	20	.	.	PUNCT
ajeer-1431	52	1	so	so	ADV
ajeer-1431	52	2	its	its	PRON
ajeer-1431	52	3	movements	movement	NOUN
ajeer-1431	52	4	come	come	VERB
ajeer-1431	52	5	from	from	ADP
ajeer-1431	52	6	the	the	DET
ajeer-1431	52	7	factors	factor	NOUN
ajeer-1431	52	8	underlying	underlie	VERB
ajeer-1431	52	9	individual	individual	ADJ
ajeer-1431	52	10	consumption	consumption	NOUN
ajeer-1431	52	11	decisions	decision	NOUN
ajeer-1431	52	12	.	.	PUNCT
ajeer-1431	53	1	to	to	PART
ajeer-1431	53	2	find	find	VERB
ajeer-1431	53	3	the	the	DET
ajeer-1431	53	4	causes	cause	NOUN
ajeer-1431	53	5	of	of	ADP
ajeer-1431	53	6	empirical	empirical	ADJ
ajeer-1431	53	7	current	current	ADJ
ajeer-1431	53	8	account	account	NOUN
ajeer-1431	53	9	fluctuations	fluctuation	NOUN
ajeer-1431	53	10	,	,	PUNCT
ajeer-1431	53	11	we	we	PRON
ajeer-1431	53	12	will	will	AUX
ajeer-1431	53	13	use	use	VERB
ajeer-1431	53	14	an	an	DET
ajeer-1431	53	15	identification	identification	NOUN
ajeer-1431	53	16	scheme	scheme	NOUN
ajeer-1431	53	17	in	in	ADP
ajeer-1431	53	18	an	an	DET
ajeer-1431	53	19	autoregressive	autoregressive	ADJ
ajeer-1431	53	20	vector	vector	NOUN
ajeer-1431	53	21	model	model	NOUN
ajeer-1431	53	22	(	(	PUNCT
ajeer-1431	53	23	var	var	NOUN
ajeer-1431	53	24	)	)	PUNCT
ajeer-1431	53	25	as	as	SCONJ
ajeer-1431	53	26	proposed	propose	VERB
ajeer-1431	53	27	by	by	ADP
ajeer-1431	53	28	sims	sim	NOUN
ajeer-1431	53	29	(	(	PUNCT
ajeer-1431	53	30	1982	1982	NUM
ajeer-1431	53	31	)	)	PUNCT
ajeer-1431	53	32	and	and	CCONJ
ajeer-1431	53	33	blanchard	blanchard	NOUN
ajeer-1431	53	34	and	and	CCONJ
ajeer-1431	53	35	quah	quah	PROPN
ajeer-1431	53	36	(	(	PUNCT
ajeer-1431	53	37	1989	1989	NUM
ajeer-1431	53	38	)	)	PUNCT
ajeer-1431	53	39	.	.	PUNCT
ajeer-1431	54	1	this	this	DET
ajeer-1431	54	2	method	method	NOUN
ajeer-1431	54	3	makes	make	VERB
ajeer-1431	54	4	it	it	PRON
ajeer-1431	54	5	possible	possible	ADJ
ajeer-1431	54	6	to	to	PART
ajeer-1431	54	7	distinguish	distinguish	VERB
ajeer-1431	54	8	specific	specific	ADJ
ajeer-1431	54	9	shocks	shock	NOUN
ajeer-1431	54	10	from	from	ADP
ajeer-1431	54	11	global	global	ADJ
ajeer-1431	54	12	shocks	shock	NOUN
ajeer-1431	54	13	that	that	PRON
ajeer-1431	54	14	are	be	AUX
ajeer-1431	54	15	supposed	suppose	VERB
ajeer-1431	54	16	to	to	PART
ajeer-1431	54	17	influence	influence	VERB
ajeer-1431	54	18	the	the	DET
ajeer-1431	54	19	dynamics	dynamic	NOUN
ajeer-1431	54	20	of	of	ADP
ajeer-1431	54	21	the	the	DET
ajeer-1431	54	22	current	current	ADJ
ajeer-1431	54	23	account	account	NOUN
ajeer-1431	54	24	in	in	ADP
ajeer-1431	54	25	accordance	accordance	NOUN
ajeer-1431	54	26	with	with	ADP
ajeer-1431	54	27	the	the	DET
ajeer-1431	54	28	inter	inter	ADJ
ajeer-1431	54	29	-	-	ADJ
ajeer-1431	54	30	temporal	temporal	ADJ
ajeer-1431	54	31	approach	approach	NOUN
ajeer-1431	54	32	.	.	PUNCT
ajeer-1431	55	1	the	the	DET
ajeer-1431	55	2	analysis	analysis	NOUN
ajeer-1431	55	3	of	of	ADP
ajeer-1431	55	4	impulse	impulse	ADJ
ajeer-1431	55	5	response	response	NOUN
ajeer-1431	55	6	functions	function	NOUN
ajeer-1431	55	7	(	(	PUNCT
ajeer-1431	55	8	irf	irf	PROPN
ajeer-1431	55	9	)	)	PUNCT
ajeer-1431	55	10	will	will	AUX
ajeer-1431	55	11	be	be	AUX
ajeer-1431	55	12	used	use	VERB
ajeer-1431	55	13	to	to	PART
ajeer-1431	55	14	identify	identify	VERB
ajeer-1431	55	15	the	the	DET
ajeer-1431	55	16	nature	nature	NOUN
ajeer-1431	55	17	of	of	ADP
ajeer-1431	55	18	shocks	shock	NOUN
ajeer-1431	55	19	that	that	PRON
ajeer-1431	55	20	have	have	VERB
ajeer-1431	55	21	a	a	DET
ajeer-1431	55	22	significant	significant	ADJ
ajeer-1431	55	23	influence	influence	NOUN
ajeer-1431	55	24	on	on	ADP
ajeer-1431	55	25	the	the	DET
ajeer-1431	55	26	dynamics	dynamic	NOUN
ajeer-1431	55	27	of	of	ADP
ajeer-1431	55	28	the	the	DET
ajeer-1431	55	29	current	current	ADJ
ajeer-1431	55	30	account	account	NOUN
ajeer-1431	55	31	.	.	PUNCT
ajeer-1431	56	1	in	in	ADP
ajeer-1431	56	2	addition	addition	NOUN
ajeer-1431	56	3	,	,	PUNCT
ajeer-1431	56	4	with	with	ADP
ajeer-1431	56	5	the	the	DET
ajeer-1431	56	6	decomposition	decomposition	NOUN
ajeer-1431	56	7	of	of	ADP
ajeer-1431	56	8	the	the	DET
ajeer-1431	56	9	variance	variance	NOUN
ajeer-1431	56	10	of	of	ADP
ajeer-1431	56	11	the	the	DET
ajeer-1431	56	12	errors	error	NOUN
ajeer-1431	56	13	,	,	PUNCT
ajeer-1431	56	14	we	we	PRON
ajeer-1431	56	15	will	will	AUX
ajeer-1431	56	16	be	be	AUX
ajeer-1431	56	17	able	able	ADJ
ajeer-1431	56	18	to	to	PART
ajeer-1431	56	19	check	check	VERB
ajeer-1431	56	20	to	to	ADP
ajeer-1431	56	21	what	what	DET
ajeer-1431	56	22	extent	extent	NOUN
ajeer-1431	56	23	the	the	DET
ajeer-1431	56	24	exogenous	exogenous	ADJ
ajeer-1431	56	25	and	and	CCONJ
ajeer-1431	56	26	endogenous	endogenous	ADJ
ajeer-1431	56	27	shocks	shock	NOUN
ajeer-1431	56	28	contribute	contribute	VERB
ajeer-1431	56	29	in	in	ADP
ajeer-1431	56	30	the	the	DET
ajeer-1431	56	31	movements	movement	NOUN
ajeer-1431	56	32	of	of	ADP
ajeer-1431	56	33	the	the	DET
ajeer-1431	56	34	current	current	ADJ
ajeer-1431	56	35	accounts	account	NOUN
ajeer-1431	56	36	in	in	ADP
ajeer-1431	56	37	waemu	waemu	NOUN
ajeer-1431	56	38	.	.	PUNCT
ajeer-1431	57	1	this	this	PRON
ajeer-1431	57	2	will	will	AUX
ajeer-1431	57	3	ultimately	ultimately	ADV
ajeer-1431	57	4	provide	provide	VERB
ajeer-1431	57	5	information	information	NOUN
ajeer-1431	57	6	on	on	ADP
ajeer-1431	57	7	empirical	empirical	ADJ
ajeer-1431	57	8	sources	source	NOUN
ajeer-1431	57	9	of	of	ADP
ajeer-1431	57	10	current	current	ADJ
ajeer-1431	57	11	account	account	NOUN
ajeer-1431	57	12	fluctuations	fluctuation	NOUN
ajeer-1431	57	13	.	.	PUNCT
ajeer-1431	58	1	such	such	ADJ
ajeer-1431	58	2	information	information	NOUN
ajeer-1431	58	3	is	be	AUX
ajeer-1431	58	4	crucial	crucial	ADJ
ajeer-1431	58	5	for	for	ADP
ajeer-1431	58	6	the	the	DET
ajeer-1431	58	7	conduct	conduct	NOUN
ajeer-1431	58	8	of	of	ADP
ajeer-1431	58	9	states	state	NOUN
ajeer-1431	58	10	economic	economic	ADJ
ajeer-1431	58	11	policies	policy	NOUN
ajeer-1431	58	12	.	.	PUNCT
ajeer-1431	59	1	indeed	indeed	ADV
ajeer-1431	59	2	,	,	PUNCT
ajeer-1431	59	3	if	if	SCONJ
ajeer-1431	59	4	external	external	ADJ
ajeer-1431	59	5	shocks	shock	NOUN
ajeer-1431	59	6	are	be	AUX
ajeer-1431	59	7	preponderant	preponderant	ADJ
ajeer-1431	59	8	then	then	ADV
ajeer-1431	59	9	the	the	DET
ajeer-1431	59	10	room	room	NOUN
ajeer-1431	59	11	for	for	ADP
ajeer-1431	59	12	maneuver	maneuver	NOUN
ajeer-1431	59	13	of	of	ADP
ajeer-1431	59	14	national	national	ADJ
ajeer-1431	59	15	or	or	CCONJ
ajeer-1431	59	16	regional	regional	ADJ
ajeer-1431	59	17	economic	economic	ADJ
ajeer-1431	59	18	policies	policy	NOUN
ajeer-1431	59	19	will	will	AUX
ajeer-1431	59	20	be	be	AUX
ajeer-1431	59	21	very	very	ADV
ajeer-1431	59	22	limited	limited	ADJ
ajeer-1431	59	23	.	.	PUNCT
ajeer-1431	60	1	on	on	ADP
ajeer-1431	60	2	the	the	DET
ajeer-1431	60	3	other	other	ADJ
ajeer-1431	60	4	hand	hand	NOUN
ajeer-1431	60	5	,	,	PUNCT
ajeer-1431	60	6	insofar	insofar	ADV
ajeer-1431	60	7	as	as	SCONJ
ajeer-1431	60	8	current	current	ADJ
ajeer-1431	60	9	account	account	NOUN
ajeer-1431	60	10	fluctuations	fluctuation	NOUN
ajeer-1431	60	11	are	be	AUX
ajeer-1431	60	12	explained	explain	VERB
ajeer-1431	60	13	by	by	ADP
ajeer-1431	60	14	domestic	domestic	ADJ
ajeer-1431	60	15	shocks	shock	NOUN
ajeer-1431	60	16	,	,	PUNCT
ajeer-1431	60	17	policies	policy	NOUN
ajeer-1431	60	18	to	to	PART
ajeer-1431	60	19	reduce	reduce	VERB
ajeer-1431	60	20	or	or	CCONJ
ajeer-1431	60	21	even	even	ADV
ajeer-1431	60	22	eliminate	eliminate	VERB
ajeer-1431	60	23	deficits	deficit	NOUN
ajeer-1431	60	24	would	would	AUX
ajeer-1431	60	25	be	be	AUX
ajeer-1431	60	26	quite	quite	ADV
ajeer-1431	60	27	conceivable	conceivable	ADJ
ajeer-1431	60	28	.	.	PUNCT
ajeer-1431	61	1	despite	despite	SCONJ
ajeer-1431	61	2	the	the	DET
ajeer-1431	61	3	importance	importance	NOUN
ajeer-1431	61	4	of	of	ADP
ajeer-1431	61	5	this	this	DET
ajeer-1431	61	6	topic	topic	NOUN
ajeer-1431	61	7	that	that	PRON
ajeer-1431	61	8	treats	treat	VERB
ajeer-1431	61	9	the	the	DET
ajeer-1431	61	10	external	external	ADJ
ajeer-1431	61	11	stability	stability	NOUN
ajeer-1431	61	12	of	of	ADP
ajeer-1431	61	13	west	west	ADJ
ajeer-1431	61	14	african	african	ADJ
ajeer-1431	61	15	economies	economy	NOUN
ajeer-1431	61	16	;	;	PUNCT
ajeer-1431	61	17	few	few	ADJ
ajeer-1431	61	18	studies	study	NOUN
ajeer-1431	61	19	have	have	AUX
ajeer-1431	61	20	been	be	AUX
ajeer-1431	61	21	done	do	VERB
ajeer-1431	61	22	on	on	ADP
ajeer-1431	61	23	this	this	PRON
ajeer-1431	61	24	.	.	PUNCT
ajeer-1431	62	1	our	our	PRON
ajeer-1431	62	2	study	study	NOUN
ajeer-1431	62	3	tries	try	VERB
ajeer-1431	62	4	to	to	PART
ajeer-1431	62	5	repair	repair	VERB
ajeer-1431	62	6	this	this	DET
ajeer-1431	62	7	lag	lag	NOUN
ajeer-1431	62	8	of	of	ADP
ajeer-1431	62	9	studies	study	NOUN
ajeer-1431	62	10	on	on	ADP
ajeer-1431	62	11	current	current	ADJ
ajeer-1431	62	12	account	account	NOUN
ajeer-1431	62	13	deficits	deficit	NOUN
ajeer-1431	62	14	in	in	ADP
ajeer-1431	62	15	the	the	DET
ajeer-1431	62	16	case	case	NOUN
ajeer-1431	62	17	of	of	ADP
ajeer-1431	62	18	waemu	waemu	NOUN
ajeer-1431	62	19	.	.	PUNCT
ajeer-1431	63	1	in	in	ADP
ajeer-1431	63	2	this	this	DET
ajeer-1431	63	3	sense	sense	NOUN
ajeer-1431	63	4	,	,	PUNCT
ajeer-1431	63	5	this	this	DET
ajeer-1431	63	6	one	one	NOUN
ajeer-1431	63	7	contributes	contribute	VERB
ajeer-1431	63	8	to	to	PART
ajeer-1431	63	9	understand	understand	VERB
ajeer-1431	63	10	the	the	DET
ajeer-1431	63	11	main	main	ADJ
ajeer-1431	63	12	shocks	shock	NOUN
ajeer-1431	63	13	that	that	PRON
ajeer-1431	63	14	drive	drive	VERB
ajeer-1431	63	15	the	the	DET
ajeer-1431	63	16	current	current	ADJ
ajeer-1431	63	17	account	account	NOUN
ajeer-1431	63	18	fluctuations	fluctuation	NOUN
ajeer-1431	63	19	in	in	ADP
ajeer-1431	63	20	waemu	waemu	NOUN
ajeer-1431	63	21	.	.	PUNCT
ajeer-1431	64	1	the	the	DET
ajeer-1431	64	2	study	study	NOUN
ajeer-1431	64	3	is	be	AUX
ajeer-1431	64	4	organized	organize	VERB
ajeer-1431	64	5	into	into	ADP
ajeer-1431	64	6	four	four	NUM
ajeer-1431	64	7	sections	section	NOUN
ajeer-1431	64	8	.	.	PUNCT
ajeer-1431	65	1	the	the	DET
ajeer-1431	65	2	first	first	ADJ
ajeer-1431	65	3	section	section	NOUN
ajeer-1431	65	4	presents	present	VERB
ajeer-1431	65	5	a	a	DET
ajeer-1431	65	6	review	review	NOUN
ajeer-1431	65	7	of	of	ADP
ajeer-1431	65	8	the	the	DET
ajeer-1431	65	9	literature	literature	NOUN
ajeer-1431	65	10	on	on	ADP
ajeer-1431	65	11	studies	study	NOUN
ajeer-1431	65	12	of	of	ADP
ajeer-1431	65	13	sources	source	NOUN
ajeer-1431	65	14	of	of	ADP
ajeer-1431	65	15	current	current	ADJ
ajeer-1431	65	16	account	account	NOUN
ajeer-1431	65	17	fluctuations	fluctuation	NOUN
ajeer-1431	65	18	using	use	VERB
ajeer-1431	65	19	the	the	DET
ajeer-1431	65	20	inter	inter	ADJ
ajeer-1431	65	21	-	-	ADJ
ajeer-1431	65	22	temporal	temporal	ADJ
ajeer-1431	65	23	approach	approach	NOUN
ajeer-1431	65	24	.	.	PUNCT
ajeer-1431	66	1	the	the	DET
ajeer-1431	66	2	second	second	ADJ
ajeer-1431	66	3	section	section	NOUN
ajeer-1431	66	4	provides	provide	VERB
ajeer-1431	66	5	a	a	DET
ajeer-1431	66	6	descriptive	descriptive	ADJ
ajeer-1431	66	7	analysis	analysis	NOUN
ajeer-1431	66	8	of	of	ADP
ajeer-1431	66	9	the	the	DET
ajeer-1431	66	10	evolution	evolution	NOUN
ajeer-1431	66	11	of	of	ADP
ajeer-1431	66	12	current	current	ADJ
ajeer-1431	66	13	accounts	account	NOUN
ajeer-1431	66	14	of	of	ADP
ajeer-1431	66	15	waemu	waemu	NOUN
ajeer-1431	66	16	countries	country	NOUN
ajeer-1431	66	17	from	from	ADP
ajeer-1431	66	18	1980	1980	NUM
ajeer-1431	66	19	to	to	ADP
ajeer-1431	66	20	2017	2017	NUM
ajeer-1431	66	21	.	.	PUNCT
ajeer-1431	67	1	the	the	DET
ajeer-1431	67	2	analysis	analysis	NOUN
ajeer-1431	67	3	methodology	methodology	NOUN
ajeer-1431	67	4	is	be	AUX
ajeer-1431	67	5	the	the	DET
ajeer-1431	67	6	subject	subject	NOUN
ajeer-1431	67	7	of	of	ADP
ajeer-1431	67	8	the	the	DET
ajeer-1431	67	9	third	third	ADJ
ajeer-1431	67	10	section	section	NOUN
ajeer-1431	67	11	that	that	PRON
ajeer-1431	67	12	deals	deal	VERB
ajeer-1431	67	13	with	with	ADP
ajeer-1431	67	14	the	the	DET
ajeer-1431	67	15	theoretical	theoretical	ADJ
ajeer-1431	67	16	model	model	NOUN
ajeer-1431	67	17	and	and	CCONJ
ajeer-1431	67	18	the	the	DET
ajeer-1431	67	19	specification	specification	NOUN
ajeer-1431	67	20	of	of	ADP
ajeer-1431	67	21	the	the	DET
ajeer-1431	67	22	empirical	empirical	ADJ
ajeer-1431	67	23	model	model	NOUN
ajeer-1431	67	24	.	.	PUNCT
ajeer-1431	68	1	finally	finally	ADV
ajeer-1431	68	2	,	,	PUNCT
ajeer-1431	68	3	the	the	DET
ajeer-1431	68	4	fourth	fourth	ADJ
ajeer-1431	68	5	section	section	NOUN
ajeer-1431	68	6	deals	deal	VERB
ajeer-1431	68	7	with	with	ADP
ajeer-1431	68	8	the	the	DET
ajeer-1431	68	9	empirical	empirical	ADJ
ajeer-1431	68	10	analysis	analysis	NOUN
ajeer-1431	68	11	of	of	ADP
ajeer-1431	68	12	sources	source	NOUN
ajeer-1431	68	13	of	of	ADP
ajeer-1431	68	14	fluctuations	fluctuation	NOUN
ajeer-1431	68	15	in	in	ADP
ajeer-1431	68	16	the	the	DET
ajeer-1431	68	17	current	current	ADJ
ajeer-1431	68	18	account	account	NOUN
ajeer-1431	68	19	in	in	ADP
ajeer-1431	68	20	waemu	waemu	NOUN
ajeer-1431	68	21	.	.	PUNCT
ajeer-1431	69	1	the	the	DET
ajeer-1431	69	2	presentation	presentation	NOUN
ajeer-1431	69	3	and	and	CCONJ
ajeer-1431	69	4	the	the	DET
ajeer-1431	69	5	analysis	analysis	NOUN
ajeer-1431	69	6	of	of	ADP
ajeer-1431	69	7	the	the	DET
ajeer-1431	69	8	results	result	NOUN
ajeer-1431	69	9	make	make	VERB
ajeer-1431	69	10	up	up	ADP
ajeer-1431	69	11	this	this	DET
ajeer-1431	69	12	last	last	ADJ
ajeer-1431	69	13	section	section	NOUN
ajeer-1431	69	14	.	.	PUNCT
ajeer-1431	70	1	asian	asian	ADJ
ajeer-1431	70	2	journal	journal	PROPN
ajeer-1431	70	3	of	of	ADP
ajeer-1431	70	4	economics	economic	NOUN
ajeer-1431	70	5	and	and	CCONJ
ajeer-1431	70	6	empirical	empirical	ADJ
ajeer-1431	70	7	research	research	NOUN
ajeer-1431	70	8	,	,	PUNCT
ajeer-1431	70	9	2020	2020	NUM
ajeer-1431	70	10	,	,	PUNCT
ajeer-1431	70	11	7(1	7(1	NUM
ajeer-1431	70	12	):	):	PUNCT
ajeer-1431	70	13	46	46	NUM
ajeer-1431	70	14	-	-	SYM
ajeer-1431	70	15	63	63	NUM
ajeer-1431	70	16	48	48	NUM
ajeer-1431	70	17	©	©	PROPN
ajeer-1431	70	18	2020	2020	NUM
ajeer-1431	70	19	by	by	ADP
ajeer-1431	70	20	the	the	DET
ajeer-1431	70	21	authors	author	NOUN
ajeer-1431	70	22	;	;	PUNCT
ajeer-1431	70	23	licensee	licensee	PROPN
ajeer-1431	70	24	asian	asian	ADJ
ajeer-1431	70	25	online	online	PROPN
ajeer-1431	70	26	journal	journal	PROPN
ajeer-1431	70	27	publishing	publishing	NOUN
ajeer-1431	70	28	group	group	NOUN
ajeer-1431	70	29	2	2	NUM
ajeer-1431	70	30	.	.	PUNCT
ajeer-1431	71	1	literature	literature	PROPN
ajeer-1431	71	2	review	review	PROPN
ajeer-1431	71	3	this	this	DET
ajeer-1431	71	4	section	section	NOUN
ajeer-1431	71	5	provides	provide	VERB
ajeer-1431	71	6	both	both	CCONJ
ajeer-1431	71	7	the	the	DET
ajeer-1431	71	8	theoretical	theoretical	ADJ
ajeer-1431	71	9	and	and	CCONJ
ajeer-1431	71	10	empirical	empirical	ADJ
ajeer-1431	71	11	review	review	NOUN
ajeer-1431	71	12	of	of	ADP
ajeer-1431	71	13	the	the	DET
ajeer-1431	71	14	literature	literature	NOUN
ajeer-1431	71	15	.	.	PUNCT
ajeer-1431	72	1	the	the	DET
ajeer-1431	72	2	inter	inter	ADJ
ajeer-1431	72	3	-	-	ADJ
ajeer-1431	72	4	temporal	temporal	ADJ
ajeer-1431	72	5	current	current	ADJ
ajeer-1431	72	6	account	account	NOUN
ajeer-1431	72	7	approach	approach	NOUN
ajeer-1431	72	8	highlights	highlight	VERB
ajeer-1431	72	9	the	the	DET
ajeer-1431	72	10	effects	effect	NOUN
ajeer-1431	72	11	of	of	ADP
ajeer-1431	72	12	real	real	ADJ
ajeer-1431	72	13	factors	factor	NOUN
ajeer-1431	72	14	such	such	ADJ
ajeer-1431	72	15	as	as	ADP
ajeer-1431	72	16	productivity	productivity	NOUN
ajeer-1431	72	17	,	,	PUNCT
ajeer-1431	72	18	government	government	NOUN
ajeer-1431	72	19	spending	spending	NOUN
ajeer-1431	72	20	or	or	CCONJ
ajeer-1431	72	21	international	international	ADJ
ajeer-1431	72	22	real	real	ADJ
ajeer-1431	72	23	interest	interest	NOUN
ajeer-1431	72	24	rates	rate	NOUN
ajeer-1431	72	25	on	on	ADP
ajeer-1431	72	26	the	the	DET
ajeer-1431	72	27	current	current	ADJ
ajeer-1431	72	28	account	account	NOUN
ajeer-1431	72	29	balance	balance	NOUN
ajeer-1431	72	30	.	.	PUNCT
ajeer-1431	73	1	within	within	ADP
ajeer-1431	73	2	the	the	DET
ajeer-1431	73	3	context	context	NOUN
ajeer-1431	73	4	of	of	ADP
ajeer-1431	73	5	analysis	analysis	NOUN
ajeer-1431	73	6	,	,	PUNCT
ajeer-1431	73	7	the	the	DET
ajeer-1431	73	8	current	current	ADJ
ajeer-1431	73	9	account	account	NOUN
ajeer-1431	73	10	balance	balance	NOUN
ajeer-1431	73	11	results	result	NOUN
ajeer-1431	73	12	from	from	ADP
ajeer-1431	73	13	inter	inter	ADJ
ajeer-1431	73	14	-	-	ADJ
ajeer-1431	73	15	temporal	temporal	ADJ
ajeer-1431	73	16	savings	saving	NOUN
ajeer-1431	73	17	and	and	CCONJ
ajeer-1431	73	18	investment	investment	NOUN
ajeer-1431	73	19	decisions	decision	NOUN
ajeer-1431	73	20	by	by	ADP
ajeer-1431	73	21	economic	economic	ADJ
ajeer-1431	73	22	agents	agent	NOUN
ajeer-1431	73	23	.	.	PUNCT
ajeer-1431	74	1	buiter	buiter	NOUN
ajeer-1431	74	2	(	(	PUNCT
ajeer-1431	74	3	1981	1981	NUM
ajeer-1431	74	4	)	)	PUNCT
ajeer-1431	74	5	;	;	PUNCT
ajeer-1431	74	6	sachs	sachs	PROPN
ajeer-1431	74	7	(	(	PUNCT
ajeer-1431	74	8	1981	1981	NUM
ajeer-1431	74	9	)	)	PUNCT
ajeer-1431	74	10	;	;	PUNCT
ajeer-1431	74	11	obstfeld	obstfeld	VERB
ajeer-1431	74	12	(	(	PUNCT
ajeer-1431	74	13	1982	1982	NUM
ajeer-1431	74	14	)	)	PUNCT
ajeer-1431	74	15	and	and	CCONJ
ajeer-1431	74	16	svensson	svensson	PROPN
ajeer-1431	74	17	and	and	CCONJ
ajeer-1431	74	18	razin	razin	PROPN
ajeer-1431	74	19	(	(	PUNCT
ajeer-1431	74	20	1983	1983	NUM
ajeer-1431	74	21	)	)	PUNCT
ajeer-1431	74	22	developed	develop	VERB
ajeer-1431	74	23	the	the	DET
ajeer-1431	74	24	first	first	ADJ
ajeer-1431	74	25	inter	inter	ADJ
ajeer-1431	74	26	-	-	ADJ
ajeer-1431	74	27	temporal	temporal	ADJ
ajeer-1431	74	28	current	current	ADJ
ajeer-1431	74	29	account	account	NOUN
ajeer-1431	74	30	models	model	NOUN
ajeer-1431	74	31	.	.	PUNCT
ajeer-1431	75	1	to	to	PART
ajeer-1431	75	2	formally	formally	ADV
ajeer-1431	75	3	define	define	VERB
ajeer-1431	75	4	the	the	DET
ajeer-1431	75	5	current	current	ADJ
ajeer-1431	75	6	account	account	NOUN
ajeer-1431	75	7	,	,	PUNCT
ajeer-1431	75	8	the	the	DET
ajeer-1431	75	9	inter	inter	ADJ
ajeer-1431	75	10	-	-	ADJ
ajeer-1431	75	11	temporal	temporal	ADJ
ajeer-1431	75	12	approach	approach	NOUN
ajeer-1431	75	13	starts	start	VERB
ajeer-1431	75	14	from	from	ADP
ajeer-1431	75	15	the	the	DET
ajeer-1431	75	16	accounting	accounting	NOUN
ajeer-1431	75	17	identity	identity	NOUN
ajeer-1431	75	18	that	that	PRON
ajeer-1431	75	19	establishes	establish	VERB
ajeer-1431	75	20	the	the	DET
ajeer-1431	75	21	equality	equality	NOUN
ajeer-1431	75	22	between	between	ADP
ajeer-1431	75	23	the	the	DET
ajeer-1431	75	24	national	national	ADJ
ajeer-1431	75	25	income	income	NOUN
ajeer-1431	75	26	and	and	CCONJ
ajeer-1431	75	27	the	the	DET
ajeer-1431	75	28	overall	overall	ADJ
ajeer-1431	75	29	expenditure	expenditure	NOUN
ajeer-1431	75	30	of	of	ADP
ajeer-1431	75	31	the	the	DET
ajeer-1431	75	32	country	country	NOUN
ajeer-1431	75	33	.	.	PUNCT
ajeer-1431	76	1	national	national	ADJ
ajeer-1431	76	2	income	income	NOUN
ajeer-1431	76	3	is	be	AUX
ajeer-1431	76	4	the	the	DET
ajeer-1431	76	5	sum	sum	NOUN
ajeer-1431	76	6	of	of	ADP
ajeer-1431	76	7	domestic	domestic	ADJ
ajeer-1431	76	8	production	production	NOUN
ajeer-1431	76	9	(	(	PUNCT
ajeer-1431	76	10	y	y	NOUN
ajeer-1431	76	11	)	)	PUNCT
ajeer-1431	76	12	and	and	CCONJ
ajeer-1431	76	13	factor	factor	NOUN
ajeer-1431	76	14	income	income	NOUN
ajeer-1431	76	15	paid	pay	VERB
ajeer-1431	76	16	by	by	ADP
ajeer-1431	76	17	the	the	DET
ajeer-1431	76	18	rest	rest	NOUN
ajeer-1431	76	19	of	of	ADP
ajeer-1431	76	20	the	the	DET
ajeer-1431	76	21	world	world	NOUN
ajeer-1431	76	22	equal	equal	ADJ
ajeer-1431	76	23	to	to	ADP
ajeer-1431	76	24	interest	interest	NOUN
ajeer-1431	76	25	earned	earn	VERB
ajeer-1431	76	26	on	on	ADP
ajeer-1431	76	27	foreign	foreign	ADJ
ajeer-1431	76	28	assets	asset	NOUN
ajeer-1431	76	29	(	(	PUNCT
ajeer-1431	76	30	rat	rat	NOUN
ajeer-1431	76	31	)	)	PUNCT
ajeer-1431	76	32	.	.	PUNCT
ajeer-1431	77	1	while	while	SCONJ
ajeer-1431	77	2	spending	spending	NOUN
ajeer-1431	77	3	includes	include	VERB
ajeer-1431	77	4	government	government	NOUN
ajeer-1431	77	5	spending	spending	NOUN
ajeer-1431	77	6	(	(	PUNCT
ajeer-1431	77	7	gt	gt	PROPN
ajeer-1431	77	8	)	)	PUNCT
ajeer-1431	77	9	,	,	PUNCT
ajeer-1431	77	10	investment	investment	NOUN
ajeer-1431	77	11	(	(	PUNCT
ajeer-1431	77	12	it	it	PRON
ajeer-1431	77	13	)	)	PUNCT
ajeer-1431	77	14	and	and	CCONJ
ajeer-1431	77	15	private	private	ADJ
ajeer-1431	77	16	consumption	consumption	NOUN
ajeer-1431	77	17	(	(	PUNCT
ajeer-1431	77	18	ct	ct	NOUN
ajeer-1431	77	19	)	)	PUNCT
ajeer-1431	77	20	expenditure	expenditure	NOUN
ajeer-1431	77	21	.	.	PUNCT
ajeer-1431	78	1	(	(	PUNCT
ajeer-1431	78	2	1	1	X
ajeer-1431	78	3	)	)	PUNCT
ajeer-1431	78	4	yt	yt	PROPN
ajeer-1431	78	5	is	be	AUX
ajeer-1431	78	6	the	the	DET
ajeer-1431	78	7	national	national	ADJ
ajeer-1431	78	8	production	production	NOUN
ajeer-1431	78	9	.	.	PUNCT
ajeer-1431	79	1	ct	ct	VERB
ajeer-1431	79	2	the	the	DET
ajeer-1431	79	3	private	private	ADJ
ajeer-1431	79	4	consumption	consumption	NOUN
ajeer-1431	79	5	.	.	PUNCT
ajeer-1431	80	1	gt	gt	PROPN
ajeer-1431	80	2	the	the	DET
ajeer-1431	80	3	public	public	ADJ
ajeer-1431	80	4	expenses	expense	NOUN
ajeer-1431	80	5	.	.	PUNCT
ajeer-1431	81	1	it	it	PRON
ajeer-1431	81	2	investment	investment	NOUN
ajeer-1431	81	3	.	.	PUNCT
ajeer-1431	82	1	at	at	ADP
ajeer-1431	82	2	the	the	DET
ajeer-1431	82	3	net	net	ADJ
ajeer-1431	82	4	foreign	foreign	ADJ
ajeer-1431	82	5	assets	asset	NOUN
ajeer-1431	82	6	and	and	CCONJ
ajeer-1431	82	7	r	r	X
ajeer-1431	82	8	the	the	DET
ajeer-1431	82	9	constant	constant	ADJ
ajeer-1431	82	10	real	real	ADJ
ajeer-1431	82	11	interest	interest	NOUN
ajeer-1431	82	12	rate	rate	NOUN
ajeer-1431	82	13	.	.	PUNCT
ajeer-1431	83	1	the	the	DET
ajeer-1431	83	2	current	current	ADJ
ajeer-1431	83	3	account	account	NOUN
ajeer-1431	83	4	balance	balance	NOUN
ajeer-1431	83	5	corresponds	correspond	VERB
ajeer-1431	83	6	to	to	ADP
ajeer-1431	83	7	the	the	DET
ajeer-1431	83	8	change	change	NOUN
ajeer-1431	83	9	in	in	ADP
ajeer-1431	83	10	net	net	ADJ
ajeer-1431	83	11	foreign	foreign	ADJ
ajeer-1431	83	12	assets	asset	NOUN
ajeer-1431	83	13	(	(	PUNCT
ajeer-1431	83	14	a	a	NOUN
ajeer-1431	83	15	)	)	PUNCT
ajeer-1431	83	16	,	,	PUNCT
ajeer-1431	83	17	but	but	CCONJ
ajeer-1431	83	18	is	be	AUX
ajeer-1431	83	19	also	also	ADV
ajeer-1431	83	20	equal	equal	ADJ
ajeer-1431	83	21	to	to	ADP
ajeer-1431	83	22	the	the	DET
ajeer-1431	83	23	difference	difference	NOUN
ajeer-1431	83	24	between	between	ADP
ajeer-1431	83	25	national	national	ADJ
ajeer-1431	83	26	income	income	NOUN
ajeer-1431	83	27	and	and	CCONJ
ajeer-1431	83	28	total	total	ADJ
ajeer-1431	83	29	expenditure	expenditure	NOUN
ajeer-1431	83	30	or	or	CCONJ
ajeer-1431	83	31	absorption	absorption	NOUN
ajeer-1431	83	32	.	.	PUNCT
ajeer-1431	84	1	(	(	PUNCT
ajeer-1431	84	2	2	2	X
ajeer-1431	84	3	)	)	PUNCT
ajeer-1431	84	4	as	as	SCONJ
ajeer-1431	84	5	defined	define	VERB
ajeer-1431	84	6	in	in	ADP
ajeer-1431	84	7	equation	equation	NOUN
ajeer-1431	84	8	2	2	NUM
ajeer-1431	84	9	,	,	PUNCT
ajeer-1431	84	10	the	the	DET
ajeer-1431	84	11	current	current	ADJ
ajeer-1431	84	12	account	account	NOUN
ajeer-1431	84	13	balance	balance	NOUN
ajeer-1431	84	14	depends	depend	VERB
ajeer-1431	84	15	not	not	PART
ajeer-1431	84	16	only	only	ADV
ajeer-1431	84	17	on	on	ADP
ajeer-1431	84	18	actual	actual	ADJ
ajeer-1431	84	19	flows	flow	NOUN
ajeer-1431	84	20	of	of	ADP
ajeer-1431	84	21	goods	good	NOUN
ajeer-1431	84	22	but	but	CCONJ
ajeer-1431	84	23	also	also	ADV
ajeer-1431	84	24	on	on	ADP
ajeer-1431	84	25	international	international	ADJ
ajeer-1431	84	26	capital	capital	NOUN
ajeer-1431	84	27	flows	flow	NOUN
ajeer-1431	84	28	.	.	PUNCT
ajeer-1431	85	1	the	the	DET
ajeer-1431	85	2	integration	integration	NOUN
ajeer-1431	85	3	of	of	ADP
ajeer-1431	85	4	capital	capital	NOUN
ajeer-1431	85	5	movements	movement	NOUN
ajeer-1431	85	6	in	in	ADP
ajeer-1431	85	7	the	the	DET
ajeer-1431	85	8	current	current	ADJ
ajeer-1431	85	9	account	account	NOUN
ajeer-1431	85	10	dynamics	dynamic	NOUN
ajeer-1431	85	11	is	be	AUX
ajeer-1431	85	12	thus	thus	ADV
ajeer-1431	85	13	a	a	DET
ajeer-1431	85	14	major	major	ADJ
ajeer-1431	85	15	innovation	innovation	NOUN
ajeer-1431	85	16	of	of	ADP
ajeer-1431	85	17	the	the	DET
ajeer-1431	85	18	inter	inter	ADJ
ajeer-1431	85	19	-	-	ADJ
ajeer-1431	85	20	temporal	temporal	ADJ
ajeer-1431	85	21	approach	approach	NOUN
ajeer-1431	85	22	compared	compare	VERB
ajeer-1431	85	23	to	to	ADP
ajeer-1431	85	24	so	so	ADV
ajeer-1431	85	25	-	-	PUNCT
ajeer-1431	85	26	called	call	VERB
ajeer-1431	85	27	absorption	absorption	NOUN
ajeer-1431	85	28	and	and	CCONJ
ajeer-1431	85	29	elasticity	elasticity	NOUN
ajeer-1431	85	30	approaches	approach	NOUN
ajeer-1431	85	31	of	of	ADP
ajeer-1431	85	32	international	international	ADJ
ajeer-1431	85	33	trade	trade	NOUN
ajeer-1431	85	34	.	.	PUNCT
ajeer-1431	86	1	indeed	indeed	ADV
ajeer-1431	86	2	,	,	PUNCT
ajeer-1431	86	3	these	these	DET
ajeer-1431	86	4	approaches	approach	NOUN
ajeer-1431	86	5	reduce	reduce	VERB
ajeer-1431	86	6	the	the	DET
ajeer-1431	86	7	balance	balance	NOUN
ajeer-1431	86	8	of	of	ADP
ajeer-1431	86	9	current	current	ADJ
ajeer-1431	86	10	transactions	transaction	NOUN
ajeer-1431	86	11	to	to	ADP
ajeer-1431	86	12	the	the	DET
ajeer-1431	86	13	trade	trade	NOUN
ajeer-1431	86	14	balance	balance	NOUN
ajeer-1431	86	15	and	and	CCONJ
ajeer-1431	86	16	neglect	neglect	VERB
ajeer-1431	86	17	the	the	DET
ajeer-1431	86	18	movement	movement	NOUN
ajeer-1431	86	19	of	of	ADP
ajeer-1431	86	20	capital	capital	NOUN
ajeer-1431	86	21	(	(	PUNCT
ajeer-1431	86	22	razin	razin	NOUN
ajeer-1431	86	23	,	,	PUNCT
ajeer-1431	86	24	1993	1993	NUM
ajeer-1431	86	25	)	)	PUNCT
ajeer-1431	86	26	.	.	PUNCT
ajeer-1431	87	1	hence	hence	ADV
ajeer-1431	87	2	,	,	PUNCT
ajeer-1431	87	3	the	the	DET
ajeer-1431	87	4	factors	factor	NOUN
ajeer-1431	87	5	that	that	PRON
ajeer-1431	87	6	determine	determine	VERB
ajeer-1431	87	7	the	the	DET
ajeer-1431	87	8	dynamics	dynamic	NOUN
ajeer-1431	87	9	of	of	ADP
ajeer-1431	87	10	the	the	DET
ajeer-1431	87	11	current	current	ADJ
ajeer-1431	87	12	account	account	NOUN
ajeer-1431	87	13	are	be	AUX
ajeer-1431	87	14	those	those	PRON
ajeer-1431	87	15	that	that	PRON
ajeer-1431	87	16	also	also	ADV
ajeer-1431	87	17	underlie	underlie	VERB
ajeer-1431	87	18	individual	individual	ADJ
ajeer-1431	87	19	savings	saving	NOUN
ajeer-1431	87	20	decisions	decision	NOUN
ajeer-1431	87	21	in	in	ADP
ajeer-1431	87	22	the	the	DET
ajeer-1431	87	23	economy	economy	NOUN
ajeer-1431	87	24	.	.	PUNCT
ajeer-1431	88	1	from	from	ADP
ajeer-1431	88	2	equation	equation	NOUN
ajeer-1431	88	3	1	1	NUM
ajeer-1431	88	4	,	,	PUNCT
ajeer-1431	88	5	changes	change	NOUN
ajeer-1431	88	6	in	in	ADP
ajeer-1431	88	7	the	the	DET
ajeer-1431	88	8	current	current	ADJ
ajeer-1431	88	9	account	account	NOUN
ajeer-1431	88	10	balance	balance	NOUN
ajeer-1431	88	11	(	(	PUNCT
ajeer-1431	88	12	)	)	PUNCT
ajeer-1431	88	13	can	can	AUX
ajeer-1431	88	14	be	be	AUX
ajeer-1431	88	15	written	write	VERB
ajeer-1431	88	16	as	as	SCONJ
ajeer-1431	88	17	follows	follow	VERB
ajeer-1431	88	18	(	(	PUNCT
ajeer-1431	88	19	razin	razin	NOUN
ajeer-1431	88	20	,	,	PUNCT
ajeer-1431	88	21	1993	1993	NUM
ajeer-1431	88	22	)	)	PUNCT
ajeer-1431	88	23	:	:	PUNCT
ajeer-1431	89	1	(	(	PUNCT
ajeer-1431	89	2	)	)	PUNCT
ajeer-1431	89	3	(	(	PUNCT
ajeer-1431	89	4	3	3	X
ajeer-1431	89	5	)	)	PUNCT
ajeer-1431	89	6	where	where	SCONJ
ajeer-1431	89	7	r	r	NOUN
ajeer-1431	89	8	is	be	AUX
ajeer-1431	89	9	the	the	DET
ajeer-1431	89	10	market	market	NOUN
ajeer-1431	89	11	discount	discount	NOUN
ajeer-1431	89	12	factor	factor	NOUN
ajeer-1431	89	13	(	(	PUNCT
ajeer-1431	89	14	see	see	VERB
ajeer-1431	89	15	obstfeld	obstfeld	NOUN
ajeer-1431	89	16	and	and	CCONJ
ajeer-1431	89	17	rogoff	rogoff	NOUN
ajeer-1431	89	18	(	(	PUNCT
ajeer-1431	89	19	1994	1994	NUM
ajeer-1431	89	20	)	)	PUNCT
ajeer-1431	89	21	)	)	PUNCT
ajeer-1431	89	22	:	:	PUNCT
ajeer-1431	89	23	∏	∏	PROPN
ajeer-1431	89	24	(	(	PUNCT
ajeer-1431	89	25	)	)	PUNCT
ajeer-1431	89	26	(	(	PUNCT
ajeer-1431	89	27	4	4	X
ajeer-1431	89	28	)	)	PUNCT
ajeer-1431	89	29	equation	equation	NOUN
ajeer-1431	89	30	3	3	NUM
ajeer-1431	89	31	points	point	NOUN
ajeer-1431	89	32	up	up	ADP
ajeer-1431	89	33	the	the	DET
ajeer-1431	89	34	different	different	ADJ
ajeer-1431	89	35	shocks	shock	NOUN
ajeer-1431	89	36	that	that	PRON
ajeer-1431	89	37	can	can	AUX
ajeer-1431	89	38	affect	affect	VERB
ajeer-1431	89	39	the	the	DET
ajeer-1431	89	40	balance	balance	NOUN
ajeer-1431	89	41	of	of	ADP
ajeer-1431	89	42	current	current	ADJ
ajeer-1431	89	43	transactions	transaction	NOUN
ajeer-1431	89	44	.	.	PUNCT
ajeer-1431	90	1	these	these	DET
ajeer-1431	90	2	shocks	shock	NOUN
ajeer-1431	90	3	may	may	AUX
ajeer-1431	90	4	be	be	AUX
ajeer-1431	90	5	exogenous	exogenous	ADJ
ajeer-1431	90	6	or	or	CCONJ
ajeer-1431	90	7	domestic	domestic	ADJ
ajeer-1431	90	8	and	and	CCONJ
ajeer-1431	90	9	country	country	NOUN
ajeer-1431	90	10	-	-	PUNCT
ajeer-1431	90	11	specific	specific	ADJ
ajeer-1431	90	12	(	(	PUNCT
ajeer-1431	90	13	glick	glick	PROPN
ajeer-1431	90	14	&	&	CCONJ
ajeer-1431	90	15	rogoff	rogoff	PROPN
ajeer-1431	90	16	,	,	PUNCT
ajeer-1431	90	17	1992	1992	NUM
ajeer-1431	90	18	;	;	PUNCT
ajeer-1431	90	19	obstfeld	obstfeld	PROPN
ajeer-1431	90	20	&	&	CCONJ
ajeer-1431	90	21	rogoff	rogoff	NOUN
ajeer-1431	90	22	,	,	PUNCT
ajeer-1431	90	23	1995	1995	NUM
ajeer-1431	90	24	)	)	PUNCT
ajeer-1431	90	25	.	.	PUNCT
ajeer-1431	91	1	the	the	DET
ajeer-1431	91	2	impact	impact	NOUN
ajeer-1431	91	3	of	of	ADP
ajeer-1431	91	4	these	these	DET
ajeer-1431	91	5	shocks	shock	NOUN
ajeer-1431	91	6	on	on	ADP
ajeer-1431	91	7	the	the	DET
ajeer-1431	91	8	current	current	ADJ
ajeer-1431	91	9	account	account	NOUN
ajeer-1431	91	10	differs	differ	VERB
ajeer-1431	91	11	according	accord	VERB
ajeer-1431	91	12	to	to	ADP
ajeer-1431	91	13	their	their	PRON
ajeer-1431	91	14	nature	nature	NOUN
ajeer-1431	91	15	.	.	PUNCT
ajeer-1431	92	1	after	after	ADP
ajeer-1431	92	2	its	its	PRON
ajeer-1431	92	3	theoretical	theoretical	ADJ
ajeer-1431	92	4	statement	statement	NOUN
ajeer-1431	92	5	in	in	ADP
ajeer-1431	92	6	the	the	DET
ajeer-1431	92	7	early	early	ADJ
ajeer-1431	92	8	1980s	1980s	NUM
ajeer-1431	92	9	,	,	PUNCT
ajeer-1431	92	10	the	the	DET
ajeer-1431	92	11	inter	inter	ADJ
ajeer-1431	92	12	-	-	ADJ
ajeer-1431	92	13	temporal	temporal	ADJ
ajeer-1431	92	14	approach	approach	NOUN
ajeer-1431	92	15	of	of	ADP
ajeer-1431	92	16	the	the	DET
ajeer-1431	92	17	current	current	ADJ
ajeer-1431	92	18	account	account	NOUN
ajeer-1431	92	19	has	have	AUX
ajeer-1431	92	20	been	be	AUX
ajeer-1431	92	21	the	the	DET
ajeer-1431	92	22	subject	subject	NOUN
ajeer-1431	92	23	of	of	ADP
ajeer-1431	92	24	several	several	ADJ
ajeer-1431	92	25	empirical	empirical	ADJ
ajeer-1431	92	26	studies	study	NOUN
ajeer-1431	92	27	.	.	PUNCT
ajeer-1431	93	1	the	the	DET
ajeer-1431	93	2	explicative	explicative	ADJ
ajeer-1431	93	3	power	power	NOUN
ajeer-1431	93	4	of	of	ADP
ajeer-1431	93	5	current	current	ADJ
ajeer-1431	93	6	account	account	NOUN
ajeer-1431	93	7	dynamics	dynamic	NOUN
ajeer-1431	93	8	by	by	ADP
ajeer-1431	93	9	the	the	DET
ajeer-1431	93	10	inter	inter	ADJ
ajeer-1431	93	11	-	-	ADJ
ajeer-1431	93	12	temporal	temporal	ADJ
ajeer-1431	93	13	model	model	NOUN
ajeer-1431	93	14	has	have	AUX
ajeer-1431	93	15	been	be	AUX
ajeer-1431	93	16	tested	test	VERB
ajeer-1431	93	17	in	in	ADP
ajeer-1431	93	18	several	several	ADJ
ajeer-1431	93	19	studies	study	NOUN
ajeer-1431	93	20	(	(	PUNCT
ajeer-1431	93	21	ghosh	ghosh	PROPN
ajeer-1431	93	22	,	,	PUNCT
ajeer-1431	93	23	1995	1995	NUM
ajeer-1431	93	24	;	;	PUNCT
ajeer-1431	93	25	otto	otto	PROPN
ajeer-1431	93	26	,	,	PUNCT
ajeer-1431	93	27	1992	1992	NUM
ajeer-1431	93	28	)	)	PUNCT
ajeer-1431	93	29	.	.	PUNCT
ajeer-1431	94	1	all	all	DET
ajeer-1431	94	2	these	these	DET
ajeer-1431	94	3	pioneering	pioneering	ADJ
ajeer-1431	94	4	studies	study	NOUN
ajeer-1431	94	5	used	use	VERB
ajeer-1431	94	6	the	the	DET
ajeer-1431	94	7	present	present	ADJ
ajeer-1431	94	8	value	value	NOUN
ajeer-1431	94	9	model	model	NOUN
ajeer-1431	94	10	to	to	PART
ajeer-1431	94	11	check	check	VERB
ajeer-1431	94	12	the	the	DET
ajeer-1431	94	13	validity	validity	NOUN
ajeer-1431	94	14	of	of	ADP
ajeer-1431	94	15	the	the	DET
ajeer-1431	94	16	conclusions	conclusion	NOUN
ajeer-1431	94	17	of	of	ADP
ajeer-1431	94	18	the	the	DET
ajeer-1431	94	19	inter	inter	ADJ
ajeer-1431	94	20	-	-	ADJ
ajeer-1431	94	21	temporal	temporal	ADJ
ajeer-1431	94	22	current	current	ADJ
ajeer-1431	94	23	account	account	NOUN
ajeer-1431	94	24	approach	approach	NOUN
ajeer-1431	94	25	.	.	PUNCT
ajeer-1431	95	1	the	the	DET
ajeer-1431	95	2	results	result	NOUN
ajeer-1431	95	3	of	of	ADP
ajeer-1431	95	4	these	these	DET
ajeer-1431	95	5	studies	study	NOUN
ajeer-1431	95	6	differ	differ	VERB
ajeer-1431	95	7	on	on	ADP
ajeer-1431	95	8	the	the	DET
ajeer-1431	95	9	power	power	NOUN
ajeer-1431	95	10	of	of	ADP
ajeer-1431	95	11	the	the	DET
ajeer-1431	95	12	inter	inter	ADJ
ajeer-1431	95	13	-	-	ADJ
ajeer-1431	95	14	temporal	temporal	ADJ
ajeer-1431	95	15	model	model	NOUN
ajeer-1431	95	16	to	to	PART
ajeer-1431	95	17	explain	explain	VERB
ajeer-1431	95	18	the	the	DET
ajeer-1431	95	19	dynamics	dynamic	NOUN
ajeer-1431	95	20	of	of	ADP
ajeer-1431	95	21	the	the	DET
ajeer-1431	95	22	current	current	ADJ
ajeer-1431	95	23	account	account	NOUN
ajeer-1431	95	24	.	.	PUNCT
ajeer-1431	96	1	subsequent	subsequent	ADJ
ajeer-1431	96	2	studies	study	NOUN
ajeer-1431	96	3	,	,	PUNCT
ajeer-1431	96	4	however	however	ADV
ajeer-1431	96	5	,	,	PUNCT
ajeer-1431	96	6	have	have	AUX
ajeer-1431	96	7	relied	rely	VERB
ajeer-1431	96	8	on	on	ADP
ajeer-1431	96	9	the	the	DET
ajeer-1431	96	10	restrictions	restriction	NOUN
ajeer-1431	96	11	imposed	impose	VERB
ajeer-1431	96	12	by	by	ADP
ajeer-1431	96	13	the	the	DET
ajeer-1431	96	14	inter	inter	ADJ
ajeer-1431	96	15	-	-	ADJ
ajeer-1431	96	16	temporal	temporal	ADJ
ajeer-1431	96	17	model	model	NOUN
ajeer-1431	96	18	to	to	PART
ajeer-1431	96	19	empirically	empirically	ADV
ajeer-1431	96	20	evaluate	evaluate	VERB
ajeer-1431	96	21	the	the	DET
ajeer-1431	96	22	sources	source	NOUN
ajeer-1431	96	23	of	of	ADP
ajeer-1431	96	24	current	current	ADJ
ajeer-1431	96	25	account	account	NOUN
ajeer-1431	96	26	fluctuations	fluctuation	NOUN
ajeer-1431	96	27	through	through	ADP
ajeer-1431	96	28	an	an	DET
ajeer-1431	96	29	autoregressive	autoregressive	ADJ
ajeer-1431	96	30	vector	vector	NOUN
ajeer-1431	96	31	model	model	NOUN
ajeer-1431	96	32	.	.	PUNCT
ajeer-1431	97	1	thus	thus	ADV
ajeer-1431	97	2	,	,	PUNCT
ajeer-1431	97	3	the	the	DET
ajeer-1431	97	4	role	role	NOUN
ajeer-1431	97	5	of	of	ADP
ajeer-1431	97	6	transitory	transitory	ADJ
ajeer-1431	97	7	shocks	shock	NOUN
ajeer-1431	97	8	in	in	ADP
ajeer-1431	97	9	the	the	DET
ajeer-1431	97	10	dynamics	dynamic	NOUN
ajeer-1431	97	11	of	of	ADP
ajeer-1431	97	12	the	the	DET
ajeer-1431	97	13	current	current	ADJ
ajeer-1431	97	14	account	account	NOUN
ajeer-1431	97	15	has	have	AUX
ajeer-1431	97	16	been	be	AUX
ajeer-1431	97	17	pointed	point	VERB
ajeer-1431	97	18	up	up	ADP
ajeer-1431	97	19	by	by	ADP
ajeer-1431	97	20	campa	campa	PROPN
ajeer-1431	97	21	and	and	CCONJ
ajeer-1431	97	22	gavilan	gavilan	PROPN
ajeer-1431	97	23	(	(	PUNCT
ajeer-1431	97	24	2006	2006	NUM
ajeer-1431	97	25	)	)	PUNCT
ajeer-1431	97	26	in	in	ADP
ajeer-1431	97	27	the	the	DET
ajeer-1431	97	28	framework	framework	NOUN
ajeer-1431	97	29	of	of	ADP
ajeer-1431	97	30	the	the	DET
ajeer-1431	97	31	european	european	PROPN
ajeer-1431	97	32	union	union	PROPN
ajeer-1431	97	33	.	.	PUNCT
ajeer-1431	98	1	the	the	DET
ajeer-1431	98	2	authors	author	NOUN
ajeer-1431	98	3	tested	test	VERB
ajeer-1431	98	4	the	the	DET
ajeer-1431	98	5	validity	validity	NOUN
ajeer-1431	98	6	of	of	ADP
ajeer-1431	98	7	the	the	DET
ajeer-1431	98	8	inter	inter	ADJ
ajeer-1431	98	9	-	-	ADJ
ajeer-1431	98	10	temporal	temporal	ADJ
ajeer-1431	98	11	current	current	ADJ
ajeer-1431	98	12	account	account	NOUN
ajeer-1431	98	13	model	model	NOUN
ajeer-1431	98	14	for	for	ADP
ajeer-1431	98	15	these	these	DET
ajeer-1431	98	16	economies	economy	NOUN
ajeer-1431	98	17	.	.	PUNCT
ajeer-1431	99	1	based	base	VERB
ajeer-1431	99	2	on	on	ADP
ajeer-1431	99	3	quarterly	quarterly	ADJ
ajeer-1431	99	4	data	datum	NOUN
ajeer-1431	99	5	,	,	PUNCT
ajeer-1431	99	6	the	the	DET
ajeer-1431	99	7	study	study	NOUN
ajeer-1431	99	8	rejected	reject	VERB
ajeer-1431	99	9	the	the	DET
ajeer-1431	99	10	model	model	NOUN
ajeer-1431	99	11	for	for	ADP
ajeer-1431	99	12	finland	finland	PROPN
ajeer-1431	99	13	,	,	PUNCT
ajeer-1431	99	14	germany	germany	PROPN
ajeer-1431	99	15	and	and	CCONJ
ajeer-1431	99	16	ireland	ireland	PROPN
ajeer-1431	99	17	.	.	PUNCT
ajeer-1431	100	1	on	on	ADP
ajeer-1431	100	2	the	the	DET
ajeer-1431	100	3	other	other	ADJ
ajeer-1431	100	4	hand	hand	NOUN
ajeer-1431	100	5	,	,	PUNCT
ajeer-1431	100	6	it	it	PRON
ajeer-1431	100	7	concluded	conclude	VERB
ajeer-1431	100	8	that	that	SCONJ
ajeer-1431	100	9	the	the	DET
ajeer-1431	100	10	model	model	NOUN
ajeer-1431	100	11	correctly	correctly	ADV
ajeer-1431	100	12	traced	trace	VERB
ajeer-1431	100	13	the	the	DET
ajeer-1431	100	14	evolution	evolution	NOUN
ajeer-1431	100	15	of	of	ADP
ajeer-1431	100	16	the	the	DET
ajeer-1431	100	17	current	current	ADJ
ajeer-1431	100	18	accounts	account	NOUN
ajeer-1431	100	19	of	of	ADP
ajeer-1431	100	20	countries	country	NOUN
ajeer-1431	100	21	such	such	ADJ
ajeer-1431	100	22	as	as	ADP
ajeer-1431	100	23	belgium	belgium	NOUN
ajeer-1431	100	24	,	,	PUNCT
ajeer-1431	100	25	france	france	PROPN
ajeer-1431	100	26	,	,	PUNCT
ajeer-1431	100	27	italy	italy	PROPN
ajeer-1431	100	28	,	,	PUNCT
ajeer-1431	100	29	netherlands	netherlands	PROPN
ajeer-1431	100	30	,	,	PUNCT
ajeer-1431	100	31	portugal	portugal	PROPN
ajeer-1431	100	32	and	and	CCONJ
ajeer-1431	100	33	spain	spain	PROPN
ajeer-1431	100	34	.	.	PUNCT
ajeer-1431	101	1	in	in	ADP
ajeer-1431	101	2	addition	addition	NOUN
ajeer-1431	101	3	,	,	PUNCT
ajeer-1431	101	4	the	the	DET
ajeer-1431	101	5	authors	author	NOUN
ajeer-1431	101	6	have	have	AUX
ajeer-1431	101	7	shown	show	VERB
ajeer-1431	101	8	that	that	SCONJ
ajeer-1431	101	9	current	current	ADJ
ajeer-1431	101	10	account	account	NOUN
ajeer-1431	101	11	fluctuations	fluctuation	NOUN
ajeer-1431	101	12	are	be	AUX
ajeer-1431	101	13	determined	determine	VERB
ajeer-1431	101	14	by	by	ADP
ajeer-1431	101	15	the	the	DET
ajeer-1431	101	16	two	two	NUM
ajeer-1431	101	17	shocks	shock	NOUN
ajeer-1431	101	18	of	of	ADP
ajeer-1431	101	19	relative	relative	ADJ
ajeer-1431	101	20	price	price	NOUN
ajeer-1431	101	21	changes	change	NOUN
ajeer-1431	101	22	and	and	CCONJ
ajeer-1431	101	23	expectations	expectation	NOUN
ajeer-1431	101	24	of	of	ADP
ajeer-1431	101	25	future	future	ADJ
ajeer-1431	101	26	income	income	NOUN
ajeer-1431	101	27	,	,	PUNCT
ajeer-1431	101	28	the	the	DET
ajeer-1431	101	29	relative	relative	ADJ
ajeer-1431	101	30	importance	importance	NOUN
ajeer-1431	101	31	of	of	ADP
ajeer-1431	101	32	which	which	PRON
ajeer-1431	101	33	varies	vary	VERB
ajeer-1431	101	34	by	by	ADP
ajeer-1431	101	35	country	country	NOUN
ajeer-1431	101	36	.	.	PUNCT
ajeer-1431	102	1	relative	relative	ADJ
ajeer-1431	102	2	price	price	NOUN
ajeer-1431	102	3	movements	movement	NOUN
ajeer-1431	102	4	account	account	VERB
ajeer-1431	102	5	for	for	ADP
ajeer-1431	102	6	the	the	DET
ajeer-1431	102	7	majority	majority	NOUN
ajeer-1431	102	8	of	of	ADP
ajeer-1431	102	9	current	current	ADJ
ajeer-1431	102	10	account	account	NOUN
ajeer-1431	102	11	fluctuations	fluctuation	NOUN
ajeer-1431	102	12	in	in	ADP
ajeer-1431	102	13	italy	italy	PROPN
ajeer-1431	102	14	and	and	CCONJ
ajeer-1431	102	15	the	the	DET
ajeer-1431	102	16	netherlands	netherlands	PROPN
ajeer-1431	102	17	,	,	PUNCT
ajeer-1431	102	18	while	while	SCONJ
ajeer-1431	102	19	future	future	ADJ
ajeer-1431	102	20	income	income	NOUN
ajeer-1431	102	21	expectations	expectation	NOUN
ajeer-1431	102	22	are	be	AUX
ajeer-1431	102	23	responsible	responsible	ADJ
ajeer-1431	102	24	for	for	ADP
ajeer-1431	102	25	fluctuations	fluctuation	NOUN
ajeer-1431	102	26	in	in	ADP
ajeer-1431	102	27	the	the	DET
ajeer-1431	102	28	current	current	ADJ
ajeer-1431	102	29	accounts	account	NOUN
ajeer-1431	102	30	of	of	ADP
ajeer-1431	102	31	belgium	belgium	NOUN
ajeer-1431	102	32	,	,	PUNCT
ajeer-1431	102	33	portugal	portugal	PROPN
ajeer-1431	102	34	and	and	CCONJ
ajeer-1431	102	35	spain	spain	PROPN
ajeer-1431	102	36	.	.	PUNCT
ajeer-1431	103	1	the	the	DET
ajeer-1431	103	2	preponderance	preponderance	NOUN
ajeer-1431	103	3	of	of	ADP
ajeer-1431	103	4	transient	transient	ADJ
ajeer-1431	103	5	productivity	productivity	NOUN
ajeer-1431	103	6	shocks	shock	VERB
ajeer-1431	103	7	over	over	ADP
ajeer-1431	103	8	global	global	ADJ
ajeer-1431	103	9	and	and	CCONJ
ajeer-1431	103	10	permanent	permanent	ADJ
ajeer-1431	103	11	shocks	shock	NOUN
ajeer-1431	103	12	was	be	AUX
ajeer-1431	103	13	also	also	ADV
ajeer-1431	103	14	found	find	VERB
ajeer-1431	103	15	by	by	ADP
ajeer-1431	103	16	kano	kano	PROPN
ajeer-1431	103	17	(	(	PUNCT
ajeer-1431	103	18	2003	2003	NUM
ajeer-1431	103	19	)	)	PUNCT
ajeer-1431	103	20	.	.	PUNCT
ajeer-1431	104	1	the	the	DET
ajeer-1431	104	2	author	author	NOUN
ajeer-1431	104	3	develops	develop	VERB
ajeer-1431	104	4	a	a	DET
ajeer-1431	104	5	three	three	NUM
ajeer-1431	104	6	-	-	PUNCT
ajeer-1431	104	7	variable	variable	ADJ
ajeer-1431	104	8	structural	structural	ADJ
ajeer-1431	104	9	autoregressive	autoregressive	ADJ
ajeer-1431	104	10	vector	vector	NOUN
ajeer-1431	104	11	(	(	PUNCT
ajeer-1431	104	12	svar	svar	NOUN
ajeer-1431	104	13	)	)	PUNCT
ajeer-1431	104	14	model	model	NOUN
ajeer-1431	104	15	to	to	PART
ajeer-1431	104	16	explain	explain	VERB
ajeer-1431	104	17	current	current	ADJ
ajeer-1431	104	18	account	account	NOUN
ajeer-1431	104	19	fluctuations	fluctuation	NOUN
ajeer-1431	104	20	in	in	ADP
ajeer-1431	104	21	canada	canada	PROPN
ajeer-1431	104	22	and	and	CCONJ
ajeer-1431	104	23	the	the	DET
ajeer-1431	104	24	united	united	ADJ
ajeer-1431	104	25	kingdom	kingdom	PROPN
ajeer-1431	104	26	.	.	PUNCT
ajeer-1431	105	1	the	the	DET
ajeer-1431	105	2	study	study	NOUN
ajeer-1431	105	3	identifies	identify	VERB
ajeer-1431	105	4	three	three	NUM
ajeer-1431	105	5	types	type	NOUN
ajeer-1431	105	6	of	of	ADP
ajeer-1431	105	7	shocks	shock	NOUN
ajeer-1431	105	8	:	:	PUNCT
ajeer-1431	105	9	transient	transient	VERB
ajeer-1431	105	10	specific	specific	ADJ
ajeer-1431	105	11	shocks	shock	NOUN
ajeer-1431	105	12	,	,	PUNCT
ajeer-1431	105	13	permanent	permanent	ADJ
ajeer-1431	105	14	specific	specific	ADJ
ajeer-1431	105	15	shocks	shock	NOUN
ajeer-1431	105	16	and	and	CCONJ
ajeer-1431	105	17	global	global	ADJ
ajeer-1431	105	18	shocks	shock	NOUN
ajeer-1431	105	19	.	.	PUNCT
ajeer-1431	106	1	the	the	DET
ajeer-1431	106	2	latter	latter	ADJ
ajeer-1431	106	3	are	be	AUX
ajeer-1431	106	4	represented	represent	VERB
ajeer-1431	106	5	by	by	ADP
ajeer-1431	106	6	the	the	DET
ajeer-1431	106	7	world	world	NOUN
ajeer-1431	106	8	real	real	ADJ
ajeer-1431	106	9	interest	interest	NOUN
ajeer-1431	106	10	rate	rate	NOUN
ajeer-1431	106	11	,	,	PUNCT
ajeer-1431	106	12	while	while	SCONJ
ajeer-1431	106	13	the	the	DET
ajeer-1431	106	14	changes	change	NOUN
ajeer-1431	106	15	in	in	ADP
ajeer-1431	106	16	net	net	ADJ
ajeer-1431	106	17	output	output	NOUN
ajeer-1431	106	18	and	and	CCONJ
ajeer-1431	106	19	the	the	DET
ajeer-1431	106	20	ratio	ratio	NOUN
ajeer-1431	106	21	of	of	ADP
ajeer-1431	106	22	the	the	DET
ajeer-1431	106	23	current	current	ADJ
ajeer-1431	106	24	account	account	NOUN
ajeer-1431	106	25	to	to	ADP
ajeer-1431	106	26	the	the	DET
ajeer-1431	106	27	net	net	ADJ
ajeer-1431	106	28	domestic	domestic	ADJ
ajeer-1431	106	29	output	output	NOUN
ajeer-1431	106	30	are	be	AUX
ajeer-1431	106	31	the	the	DET
ajeer-1431	106	32	respective	respective	ADJ
ajeer-1431	106	33	proxies	proxy	NOUN
ajeer-1431	106	34	of	of	ADP
ajeer-1431	106	35	the	the	DET
ajeer-1431	106	36	transitory	transitory	ADJ
ajeer-1431	106	37	and	and	CCONJ
ajeer-1431	106	38	permanent	permanent	ADJ
ajeer-1431	106	39	specific	specific	ADJ
ajeer-1431	106	40	shocks	shock	NOUN
ajeer-1431	106	41	.	.	PUNCT
ajeer-1431	107	1	the	the	DET
ajeer-1431	107	2	results	result	NOUN
ajeer-1431	107	3	of	of	ADP
ajeer-1431	107	4	the	the	DET
ajeer-1431	107	5	study	study	NOUN
ajeer-1431	107	6	show	show	NOUN
ajeer-1431	107	7	that	that	PRON
ajeer-1431	107	8	shocks	shock	VERB
ajeer-1431	107	9	transitory	transitory	ADJ
ajeer-1431	107	10	specificities	specificity	NOUN
ajeer-1431	107	11	are	be	AUX
ajeer-1431	107	12	at	at	ADP
ajeer-1431	107	13	the	the	DET
ajeer-1431	107	14	origin	origin	NOUN
ajeer-1431	107	15	of	of	ADP
ajeer-1431	107	16	current	current	ADJ
ajeer-1431	107	17	account	account	NOUN
ajeer-1431	107	18	movements	movement	NOUN
ajeer-1431	107	19	and	and	CCONJ
ajeer-1431	107	20	therefore	therefore	ADV
ajeer-1431	107	21	explain	explain	VERB
ajeer-1431	107	22	most	most	ADJ
ajeer-1431	107	23	of	of	ADP
ajeer-1431	107	24	its	its	PRON
ajeer-1431	107	25	fluctuations	fluctuation	NOUN
ajeer-1431	107	26	.	.	PUNCT
ajeer-1431	108	1	however	however	ADV
ajeer-1431	108	2	,	,	PUNCT
ajeer-1431	108	3	the	the	DET
ajeer-1431	108	4	role	role	NOUN
ajeer-1431	108	5	of	of	ADP
ajeer-1431	108	6	these	these	DET
ajeer-1431	108	7	shocks	shock	NOUN
ajeer-1431	108	8	in	in	ADP
ajeer-1431	108	9	the	the	DET
ajeer-1431	108	10	variations	variation	NOUN
ajeer-1431	108	11	of	of	ADP
ajeer-1431	108	12	the	the	DET
ajeer-1431	108	13	net	net	ADJ
ajeer-1431	108	14	domestic	domestic	ADJ
ajeer-1431	108	15	product	product	NOUN
ajeer-1431	108	16	remains	remain	VERB
ajeer-1431	108	17	very	very	ADV
ajeer-1431	108	18	limited	limited	ADJ
ajeer-1431	108	19	.	.	PUNCT
ajeer-1431	109	1	in	in	ADP
ajeer-1431	109	2	addition	addition	NOUN
ajeer-1431	109	3	,	,	PUNCT
ajeer-1431	109	4	bussiere	bussiere	ADV
ajeer-1431	109	5	,	,	PUNCT
ajeer-1431	109	6	karadimitropoulou	karadimitropoulou	ADJ
ajeer-1431	109	7	,	,	PUNCT
ajeer-1431	109	8	and	and	CCONJ
ajeer-1431	109	9	leon	leon	PROPN
ajeer-1431	109	10	-	-	PUNCT
ajeer-1431	109	11	ledesma	ledesma	PROPN
ajeer-1431	109	12	(	(	PUNCT
ajeer-1431	109	13	2017	2017	NUM
ajeer-1431	109	14	)	)	PUNCT
ajeer-1431	109	15	underlined	underline	VERB
ajeer-1431	109	16	that	that	SCONJ
ajeer-1431	109	17	temporary	temporary	ADJ
ajeer-1431	109	18	domestic	domestic	ADJ
ajeer-1431	109	19	shocks	shock	NOUN
ajeer-1431	109	20	explain	explain	VERB
ajeer-1431	109	21	for	for	ADP
ajeer-1431	109	22	a	a	DET
ajeer-1431	109	23	large	large	ADJ
ajeer-1431	109	24	proportion	proportion	NOUN
ajeer-1431	109	25	,	,	PUNCT
ajeer-1431	109	26	the	the	DET
ajeer-1431	109	27	current	current	ADJ
ajeer-1431	109	28	account	account	NOUN
ajeer-1431	109	29	fluctuations	fluctuation	NOUN
ajeer-1431	109	30	in	in	ADP
ajeer-1431	109	31	the	the	DET
ajeer-1431	109	32	case	case	NOUN
ajeer-1431	109	33	of	of	ADP
ajeer-1431	109	34	the	the	DET
ajeer-1431	109	35	g-6	g-6	NOUN
ajeer-1431	109	36	economies	economy	NOUN
ajeer-1431	109	37	.	.	PUNCT
ajeer-1431	110	1	other	other	ADJ
ajeer-1431	110	2	studies	study	NOUN
ajeer-1431	110	3	have	have	AUX
ajeer-1431	110	4	found	find	VERB
ajeer-1431	110	5	that	that	SCONJ
ajeer-1431	110	6	global	global	ADJ
ajeer-1431	110	7	shocks	shock	NOUN
ajeer-1431	110	8	predominate	predominate	ADJ
ajeer-1431	110	9	in	in	ADP
ajeer-1431	110	10	sources	source	NOUN
ajeer-1431	110	11	of	of	ADP
ajeer-1431	110	12	current	current	ADJ
ajeer-1431	110	13	account	account	NOUN
ajeer-1431	110	14	fluctuations	fluctuation	NOUN
ajeer-1431	110	15	.	.	PUNCT
ajeer-1431	111	1	indeed	indeed	ADV
ajeer-1431	111	2	,	,	PUNCT
ajeer-1431	111	3	in	in	ADP
ajeer-1431	111	4	contrast	contrast	NOUN
ajeer-1431	111	5	,	,	PUNCT
ajeer-1431	111	6	to	to	ADP
ajeer-1431	111	7	the	the	DET
ajeer-1431	111	8	theoretical	theoretical	ADJ
ajeer-1431	111	9	predictions	prediction	NOUN
ajeer-1431	111	10	of	of	ADP
ajeer-1431	111	11	the	the	DET
ajeer-1431	111	12	inter	inter	ADJ
ajeer-1431	111	13	-	-	ADJ
ajeer-1431	111	14	temporal	temporal	ADJ
ajeer-1431	111	15	approach	approach	NOUN
ajeer-1431	111	16	,	,	PUNCT
ajeer-1431	111	17	hoffmann	hoffmann	PROPN
ajeer-1431	111	18	(	(	PUNCT
ajeer-1431	111	19	2013	2013	NUM
ajeer-1431	111	20	)	)	PUNCT
ajeer-1431	111	21	points	point	VERB
ajeer-1431	111	22	out	out	ADP
ajeer-1431	111	23	that	that	SCONJ
ajeer-1431	111	24	china	china	PROPN
ajeer-1431	111	25	's	's	PART
ajeer-1431	111	26	current	current	ADJ
ajeer-1431	111	27	account	account	NOUN
ajeer-1431	111	28	surpluses	surplus	NOUN
ajeer-1431	111	29	are	be	AUX
ajeer-1431	111	30	explained	explain	VERB
ajeer-1431	111	31	by	by	ADP
ajeer-1431	111	32	global	global	ADJ
ajeer-1431	111	33	shocks	shock	NOUN
ajeer-1431	111	34	.	.	PUNCT
ajeer-1431	112	1	dunne	dunne	PROPN
ajeer-1431	112	2	and	and	CCONJ
ajeer-1431	112	3	makanza	makanza	ADJ
ajeer-1431	112	4	(	(	PUNCT
ajeer-1431	112	5	2016	2016	NUM
ajeer-1431	112	6	)	)	PUNCT
ajeer-1431	112	7	have	have	AUX
ajeer-1431	112	8	also	also	ADV
ajeer-1431	112	9	found	find	VERB
ajeer-1431	112	10	that	that	SCONJ
ajeer-1431	112	11	current	current	ADJ
ajeer-1431	112	12	account	account	NOUN
ajeer-1431	112	13	is	be	AUX
ajeer-1431	112	14	affected	affect	VERB
ajeer-1431	112	15	by	by	ADP
ajeer-1431	112	16	global	global	ADJ
ajeer-1431	112	17	monetary	monetary	ADJ
ajeer-1431	112	18	shocks	shock	NOUN
ajeer-1431	112	19	in	in	ADP
ajeer-1431	112	20	the	the	DET
ajeer-1431	112	21	case	case	NOUN
ajeer-1431	112	22	of	of	ADP
ajeer-1431	112	23	south	south	PROPN
ajeer-1431	112	24	africa	africa	PROPN
ajeer-1431	112	25	.	.	PUNCT
ajeer-1431	113	1	the	the	DET
ajeer-1431	113	2	weak	weak	ADJ
ajeer-1431	113	3	role	role	NOUN
ajeer-1431	113	4	played	play	VERB
ajeer-1431	113	5	by	by	ADP
ajeer-1431	113	6	transitory	transitory	ADJ
ajeer-1431	113	7	domestic	domestic	ADJ
ajeer-1431	113	8	shocks	shock	NOUN
ajeer-1431	113	9	in	in	ADP
ajeer-1431	113	10	the	the	DET
ajeer-1431	113	11	current	current	ADJ
ajeer-1431	113	12	account	account	NOUN
ajeer-1431	113	13	fluctuations	fluctuation	NOUN
ajeer-1431	113	14	of	of	ADP
ajeer-1431	113	15	the	the	DET
ajeer-1431	113	16	g6	g6	ADJ
ajeer-1431	113	17	economies	economy	NOUN
ajeer-1431	113	18	was	be	AUX
ajeer-1431	113	19	also	also	ADV
ajeer-1431	113	20	found	find	VERB
ajeer-1431	113	21	in	in	ADP
ajeer-1431	113	22	the	the	DET
ajeer-1431	113	23	study	study	NOUN
ajeer-1431	113	24	by	by	ADP
ajeer-1431	113	25	karadimitropoulou	karadimitropoulou	NOUN
ajeer-1431	113	26	and	and	CCONJ
ajeer-1431	113	27	ledesma	ledesma	PROPN
ajeer-1431	113	28	(	(	PUNCT
ajeer-1431	113	29	2014	2014	NUM
ajeer-1431	113	30	)	)	PUNCT
ajeer-1431	113	31	.	.	PUNCT
ajeer-1431	114	1	the	the	DET
ajeer-1431	114	2	authors	author	NOUN
ajeer-1431	114	3	use	use	VERB
ajeer-1431	114	4	a	a	DET
ajeer-1431	114	5	structural	structural	ADJ
ajeer-1431	114	6	var	var	NOUN
ajeer-1431	114	7	model	model	NOUN
ajeer-1431	114	8	with	with	ADP
ajeer-1431	114	9	four	four	NUM
ajeer-1431	114	10	variables	variable	NOUN
ajeer-1431	114	11	.	.	PUNCT
ajeer-1431	115	1	in	in	ADP
ajeer-1431	115	2	addition	addition	NOUN
ajeer-1431	115	3	to	to	ADP
ajeer-1431	115	4	changes	change	NOUN
ajeer-1431	115	5	in	in	ADP
ajeer-1431	115	6	net	net	ADJ
ajeer-1431	115	7	output	output	NOUN
ajeer-1431	115	8	,	,	PUNCT
ajeer-1431	115	9	current	current	ADJ
ajeer-1431	115	10	account	account	NOUN
ajeer-1431	115	11	ratio	ratio	NOUN
ajeer-1431	115	12	to	to	ADP
ajeer-1431	115	13	gross	gross	ADJ
ajeer-1431	115	14	domestic	domestic	ADJ
ajeer-1431	115	15	product	product	NOUN
ajeer-1431	115	16	and	and	CCONJ
ajeer-1431	115	17	international	international	ADJ
ajeer-1431	115	18	interest	interest	NOUN
ajeer-1431	115	19	rate	rate	NOUN
ajeer-1431	115	20	,	,	PUNCT
ajeer-1431	115	21	the	the	DET
ajeer-1431	115	22	study	study	NOUN
ajeer-1431	115	23	takes	take	VERB
ajeer-1431	115	24	into	into	ADP
ajeer-1431	115	25	account	account	NOUN
ajeer-1431	115	26	the	the	DET
ajeer-1431	115	27	real	real	ADJ
ajeer-1431	115	28	exchange	exchange	NOUN
ajeer-1431	115	29	rate	rate	NOUN
ajeer-1431	115	30	.	.	PUNCT
ajeer-1431	116	1	four	four	NUM
ajeer-1431	116	2	shocks	shock	NOUN
ajeer-1431	116	3	are	be	AUX
ajeer-1431	116	4	highlighted	highlight	VERB
ajeer-1431	116	5	:	:	PUNCT
ajeer-1431	116	6	external	external	ADJ
ajeer-1431	116	7	supply	supply	NOUN
ajeer-1431	116	8	shocks	shock	NOUN
ajeer-1431	116	9	,	,	PUNCT
ajeer-1431	116	10	domestic	domestic	ADJ
ajeer-1431	116	11	and	and	CCONJ
ajeer-1431	116	12	permanent	permanent	ADJ
ajeer-1431	116	13	net	net	ADJ
ajeer-1431	116	14	production	production	NOUN
ajeer-1431	116	15	shocks	shock	NOUN
ajeer-1431	116	16	,	,	PUNCT
ajeer-1431	116	17	preference	preference	NOUN
ajeer-1431	116	18	shocks	shock	NOUN
ajeer-1431	116	19	and	and	CCONJ
ajeer-1431	116	20	transitory	transitory	ADJ
ajeer-1431	116	21	and	and	CCONJ
ajeer-1431	116	22	specific	specific	ADJ
ajeer-1431	116	23	production	production	NOUN
ajeer-1431	116	24	shocks	shock	NOUN
ajeer-1431	116	25	.	.	PUNCT
ajeer-1431	117	1	the	the	DET
ajeer-1431	117	2	authors	author	NOUN
ajeer-1431	117	3	reach	reach	VERB
ajeer-1431	117	4	three	three	NUM
ajeer-1431	117	5	major	major	ADJ
ajeer-1431	117	6	conclusions	conclusion	NOUN
ajeer-1431	117	7	.	.	PUNCT
ajeer-1431	118	1	the	the	DET
ajeer-1431	118	2	first	first	ADJ
ajeer-1431	118	3	is	be	AUX
ajeer-1431	118	4	that	that	SCONJ
ajeer-1431	118	5	the	the	DET
ajeer-1431	118	6	present	present	ADJ
ajeer-1431	118	7	value	value	NOUN
ajeer-1431	118	8	model	model	NOUN
ajeer-1431	118	9	of	of	ADP
ajeer-1431	118	10	asian	asian	ADJ
ajeer-1431	118	11	journal	journal	PROPN
ajeer-1431	118	12	of	of	ADP
ajeer-1431	118	13	economics	economic	NOUN
ajeer-1431	118	14	and	and	CCONJ
ajeer-1431	118	15	empirical	empirical	ADJ
ajeer-1431	118	16	research	research	NOUN
ajeer-1431	118	17	,	,	PUNCT
ajeer-1431	118	18	2020	2020	NUM
ajeer-1431	118	19	,	,	PUNCT
ajeer-1431	118	20	7(1	7(1	NUM
ajeer-1431	118	21	):	):	PUNCT
ajeer-1431	118	22	46	46	NUM
ajeer-1431	118	23	-	-	SYM
ajeer-1431	118	24	63	63	NUM
ajeer-1431	118	25	49	49	NUM
ajeer-1431	118	26	©	©	ADP
ajeer-1431	118	27	2020	2020	NUM
ajeer-1431	118	28	by	by	ADP
ajeer-1431	118	29	the	the	DET
ajeer-1431	118	30	authors	author	NOUN
ajeer-1431	118	31	;	;	PUNCT
ajeer-1431	118	32	licensee	licensee	PROPN
ajeer-1431	118	33	asian	asian	ADJ
ajeer-1431	118	34	online	online	PROPN
ajeer-1431	118	35	journal	journal	PROPN
ajeer-1431	118	36	publishing	publishing	NOUN
ajeer-1431	118	37	group	group	NOUN
ajeer-1431	118	38	the	the	DET
ajeer-1431	118	39	current	current	ADJ
ajeer-1431	118	40	account	account	NOUN
ajeer-1431	118	41	is	be	AUX
ajeer-1431	118	42	accepted	accept	VERB
ajeer-1431	118	43	for	for	ADP
ajeer-1431	118	44	all	all	DET
ajeer-1431	118	45	countries	country	NOUN
ajeer-1431	118	46	except	except	SCONJ
ajeer-1431	118	47	for	for	ADP
ajeer-1431	118	48	france	france	PROPN
ajeer-1431	118	49	.	.	PUNCT
ajeer-1431	119	1	the	the	DET
ajeer-1431	119	2	second	second	ADJ
ajeer-1431	119	3	major	major	ADJ
ajeer-1431	119	4	result	result	NOUN
ajeer-1431	119	5	of	of	ADP
ajeer-1431	119	6	the	the	DET
ajeer-1431	119	7	study	study	NOUN
ajeer-1431	119	8	is	be	AUX
ajeer-1431	119	9	that	that	PRON
ajeer-1431	119	10	external	external	ADJ
ajeer-1431	119	11	and	and	CCONJ
ajeer-1431	119	12	preferential	preferential	ADJ
ajeer-1431	119	13	supply	supply	NOUN
ajeer-1431	119	14	shocks	shock	NOUN
ajeer-1431	119	15	determine	determine	VERB
ajeer-1431	119	16	current	current	ADJ
ajeer-1431	119	17	account	account	NOUN
ajeer-1431	119	18	fluctuations	fluctuation	NOUN
ajeer-1431	119	19	.	.	PUNCT
ajeer-1431	120	1	finally	finally	ADV
ajeer-1431	120	2	,	,	PUNCT
ajeer-1431	120	3	the	the	DET
ajeer-1431	120	4	last	last	ADJ
ajeer-1431	120	5	result	result	NOUN
ajeer-1431	120	6	of	of	ADP
ajeer-1431	120	7	this	this	DET
ajeer-1431	120	8	study	study	NOUN
ajeer-1431	120	9	points	point	VERB
ajeer-1431	120	10	out	out	ADP
ajeer-1431	120	11	that	that	SCONJ
ajeer-1431	120	12	the	the	DET
ajeer-1431	120	13	current	current	ADJ
ajeer-1431	120	14	account	account	NOUN
ajeer-1431	120	15	response	response	NOUN
ajeer-1431	120	16	to	to	PART
ajeer-1431	120	17	transient	transient	VERB
ajeer-1431	120	18	domestic	domestic	ADJ
ajeer-1431	120	19	shocks	shock	NOUN
ajeer-1431	120	20	is	be	AUX
ajeer-1431	120	21	less	less	ADV
ajeer-1431	120	22	important	important	ADJ
ajeer-1431	120	23	than	than	SCONJ
ajeer-1431	120	24	it	it	PRON
ajeer-1431	120	25	has	have	AUX
ajeer-1431	120	26	been	be	AUX
ajeer-1431	120	27	in	in	ADP
ajeer-1431	120	28	previous	previous	ADJ
ajeer-1431	120	29	studies	study	NOUN
ajeer-1431	120	30	.	.	PUNCT
ajeer-1431	121	1	pioneering	pioneer	VERB
ajeer-1431	121	2	studies	study	NOUN
ajeer-1431	121	3	of	of	ADP
ajeer-1431	121	4	current	current	ADJ
ajeer-1431	121	5	account	account	NOUN
ajeer-1431	121	6	dynamics	dynamic	NOUN
ajeer-1431	121	7	through	through	ADP
ajeer-1431	121	8	the	the	DET
ajeer-1431	121	9	inter	inter	ADJ
ajeer-1431	121	10	-	-	ADJ
ajeer-1431	121	11	temporal	temporal	ADJ
ajeer-1431	121	12	approach	approach	NOUN
ajeer-1431	121	13	develop	develop	VERB
ajeer-1431	121	14	a	a	DET
ajeer-1431	121	15	"	"	PUNCT
ajeer-1431	121	16	present	present	ADJ
ajeer-1431	121	17	value	value	NOUN
ajeer-1431	121	18	model	model	NOUN
ajeer-1431	121	19	"	"	PUNCT
ajeer-1431	121	20	to	to	PART
ajeer-1431	121	21	test	test	VERB
ajeer-1431	121	22	the	the	DET
ajeer-1431	121	23	validity	validity	NOUN
ajeer-1431	121	24	of	of	ADP
ajeer-1431	121	25	the	the	DET
ajeer-1431	121	26	restrictions	restriction	NOUN
ajeer-1431	121	27	induced	induce	VERB
ajeer-1431	121	28	by	by	ADP
ajeer-1431	121	29	the	the	DET
ajeer-1431	121	30	approach	approach	NOUN
ajeer-1431	121	31	.	.	PUNCT
ajeer-1431	122	1	however	however	ADV
ajeer-1431	122	2	,	,	PUNCT
ajeer-1431	122	3	the	the	DET
ajeer-1431	122	4	most	most	ADV
ajeer-1431	122	5	recent	recent	ADJ
ajeer-1431	122	6	studies	study	NOUN
ajeer-1431	122	7	on	on	ADP
ajeer-1431	122	8	the	the	DET
ajeer-1431	122	9	current	current	ADJ
ajeer-1431	122	10	account	account	NOUN
ajeer-1431	122	11	adopting	adopt	VERB
ajeer-1431	122	12	the	the	DET
ajeer-1431	122	13	inter	inter	ADJ
ajeer-1431	122	14	-	-	ADJ
ajeer-1431	122	15	temporal	temporal	ADJ
ajeer-1431	122	16	approach	approach	NOUN
ajeer-1431	122	17	directly	directly	ADV
ajeer-1431	122	18	integrate	integrate	VERB
ajeer-1431	122	19	the	the	DET
ajeer-1431	122	20	restrictions	restriction	NOUN
ajeer-1431	122	21	imposed	impose	VERB
ajeer-1431	122	22	by	by	ADP
ajeer-1431	122	23	a	a	DET
ajeer-1431	122	24	constrained	constrain	VERB
ajeer-1431	122	25	autoregressive	autoregressive	ADJ
ajeer-1431	122	26	vector	vector	NOUN
ajeer-1431	122	27	model	model	NOUN
ajeer-1431	122	28	.	.	PUNCT
ajeer-1431	123	1	studies	study	NOUN
ajeer-1431	123	2	that	that	PRON
ajeer-1431	123	3	incorporated	incorporate	VERB
ajeer-1431	123	4	these	these	DET
ajeer-1431	123	5	formal	formal	ADJ
ajeer-1431	123	6	limitations	limitation	NOUN
ajeer-1431	123	7	of	of	ADP
ajeer-1431	123	8	the	the	DET
ajeer-1431	123	9	approach	approach	NOUN
ajeer-1431	123	10	into	into	ADP
ajeer-1431	123	11	a	a	DET
ajeer-1431	123	12	constrained	constrain	VERB
ajeer-1431	123	13	autoregressive	autoregressive	ADJ
ajeer-1431	123	14	vector	vector	NOUN
ajeer-1431	123	15	model	model	NOUN
ajeer-1431	123	16	attempted	attempt	VERB
ajeer-1431	123	17	to	to	PART
ajeer-1431	123	18	explain	explain	VERB
ajeer-1431	123	19	the	the	DET
ajeer-1431	123	20	origin	origin	NOUN
ajeer-1431	123	21	of	of	ADP
ajeer-1431	123	22	current	current	ADJ
ajeer-1431	123	23	account	account	NOUN
ajeer-1431	123	24	and	and	CCONJ
ajeer-1431	123	25	net	net	ADJ
ajeer-1431	123	26	output	output	NOUN
ajeer-1431	123	27	fluctuations	fluctuation	NOUN
ajeer-1431	123	28	.	.	PUNCT
ajeer-1431	124	1	we	we	PRON
ajeer-1431	124	2	can	can	AUX
ajeer-1431	124	3	note	note	VERB
ajeer-1431	124	4	that	that	SCONJ
ajeer-1431	124	5	the	the	DET
ajeer-1431	124	6	approach	approach	NOUN
ajeer-1431	124	7	seems	seem	VERB
ajeer-1431	124	8	more	more	ADV
ajeer-1431	124	9	suited	suited	ADJ
ajeer-1431	124	10	to	to	ADP
ajeer-1431	124	11	small	small	ADJ
ajeer-1431	124	12	open	open	ADJ
ajeer-1431	124	13	economies	economy	NOUN
ajeer-1431	124	14	than	than	ADP
ajeer-1431	124	15	to	to	ADP
ajeer-1431	124	16	industrialized	industrialize	VERB
ajeer-1431	124	17	countries	country	NOUN
ajeer-1431	124	18	.	.	PUNCT
ajeer-1431	125	1	indeed	indeed	ADV
ajeer-1431	125	2	,	,	PUNCT
ajeer-1431	125	3	the	the	DET
ajeer-1431	125	4	standard	standard	ADJ
ajeer-1431	125	5	intertemporal	intertemporal	ADJ
ajeer-1431	125	6	current	current	ADJ
ajeer-1431	125	7	account	account	NOUN
ajeer-1431	125	8	model	model	NOUN
ajeer-1431	125	9	fails	fail	VERB
ajeer-1431	125	10	to	to	PART
ajeer-1431	125	11	explain	explain	VERB
ajeer-1431	125	12	observed	observed	ADJ
ajeer-1431	125	13	current	current	ADJ
ajeer-1431	125	14	account	account	NOUN
ajeer-1431	125	15	with	with	ADP
ajeer-1431	125	16	persistent	persistent	ADJ
ajeer-1431	125	17	changes	change	NOUN
ajeer-1431	125	18	in	in	ADP
ajeer-1431	125	19	consumption	consumption	NOUN
ajeer-1431	125	20	(	(	PUNCT
ajeer-1431	125	21	shibata	shibata	NOUN
ajeer-1431	125	22	,	,	PUNCT
ajeer-1431	125	23	2018	2018	NUM
ajeer-1431	125	24	)	)	PUNCT
ajeer-1431	125	25	.	.	PUNCT
ajeer-1431	126	1	however	however	ADV
ajeer-1431	126	2	,	,	PUNCT
ajeer-1431	126	3	capital	capital	NOUN
ajeer-1431	126	4	movements	movement	NOUN
ajeer-1431	126	5	,	,	PUNCT
ajeer-1431	126	6	the	the	DET
ajeer-1431	126	7	inclusion	inclusion	NOUN
ajeer-1431	126	8	of	of	ADP
ajeer-1431	126	9	which	which	PRON
ajeer-1431	126	10	in	in	ADP
ajeer-1431	126	11	the	the	DET
ajeer-1431	126	12	study	study	NOUN
ajeer-1431	126	13	of	of	ADP
ajeer-1431	126	14	current	current	ADJ
ajeer-1431	126	15	account	account	NOUN
ajeer-1431	126	16	dynamics	dynamic	NOUN
ajeer-1431	126	17	remains	remain	VERB
ajeer-1431	126	18	the	the	DET
ajeer-1431	126	19	major	major	ADJ
ajeer-1431	126	20	innovation	innovation	NOUN
ajeer-1431	126	21	of	of	ADP
ajeer-1431	126	22	the	the	DET
ajeer-1431	126	23	inter	inter	ADJ
ajeer-1431	126	24	-	-	ADJ
ajeer-1431	126	25	temporal	temporal	ADJ
ajeer-1431	126	26	approach	approach	NOUN
ajeer-1431	126	27	compared	compare	VERB
ajeer-1431	126	28	to	to	ADP
ajeer-1431	126	29	traditional	traditional	ADJ
ajeer-1431	126	30	approaches	approach	NOUN
ajeer-1431	126	31	,	,	PUNCT
ajeer-1431	126	32	are	be	AUX
ajeer-1431	126	33	less	less	ADV
ajeer-1431	126	34	important	important	ADJ
ajeer-1431	126	35	in	in	ADP
ajeer-1431	126	36	developing	develop	VERB
ajeer-1431	126	37	countries	country	NOUN
ajeer-1431	126	38	.	.	PUNCT
ajeer-1431	127	1	both	both	PRON
ajeer-1431	127	2	of	of	ADP
ajeer-1431	127	3	these	these	DET
ajeer-1431	127	4	limitations	limitation	NOUN
ajeer-1431	127	5	could	could	AUX
ajeer-1431	127	6	undermine	undermine	VERB
ajeer-1431	127	7	the	the	DET
ajeer-1431	127	8	scope	scope	NOUN
ajeer-1431	127	9	of	of	ADP
ajeer-1431	127	10	the	the	DET
ajeer-1431	127	11	approach	approach	NOUN
ajeer-1431	127	12	's	's	PART
ajeer-1431	127	13	contributions	contribution	NOUN
ajeer-1431	127	14	in	in	ADP
ajeer-1431	127	15	the	the	DET
ajeer-1431	127	16	study	study	NOUN
ajeer-1431	127	17	of	of	ADP
ajeer-1431	127	18	current	current	ADJ
ajeer-1431	127	19	account	account	NOUN
ajeer-1431	127	20	dynamics	dynamic	NOUN
ajeer-1431	127	21	.	.	PUNCT
ajeer-1431	128	1	3	3	X
ajeer-1431	128	2	.	.	NUM
ajeer-1431	128	3	stylized	stylize	VERB
ajeer-1431	128	4	facts	fact	NOUN
ajeer-1431	128	5	in	in	ADP
ajeer-1431	128	6	this	this	DET
ajeer-1431	128	7	section	section	NOUN
ajeer-1431	128	8	,	,	PUNCT
ajeer-1431	128	9	we	we	PRON
ajeer-1431	128	10	analyze	analyze	VERB
ajeer-1431	128	11	the	the	DET
ajeer-1431	128	12	evolution	evolution	NOUN
ajeer-1431	128	13	of	of	ADP
ajeer-1431	128	14	the	the	DET
ajeer-1431	128	15	balance	balance	NOUN
ajeer-1431	128	16	of	of	ADP
ajeer-1431	128	17	the	the	DET
ajeer-1431	128	18	current	current	ADJ
ajeer-1431	128	19	accounts	account	NOUN
ajeer-1431	128	20	of	of	ADP
ajeer-1431	128	21	the	the	DET
ajeer-1431	128	22	countries	country	NOUN
ajeer-1431	128	23	of	of	ADP
ajeer-1431	128	24	the	the	DET
ajeer-1431	128	25	union	union	NOUN
ajeer-1431	128	26	such	such	ADJ
ajeer-1431	128	27	as	as	ADP
ajeer-1431	128	28	the	the	DET
ajeer-1431	128	29	balance	balance	NOUN
ajeer-1431	128	30	of	of	ADP
ajeer-1431	128	31	payments	payment	NOUN
ajeer-1431	128	32	national	national	ADJ
ajeer-1431	128	33	account	account	NOUN
ajeer-1431	128	34	except	except	SCONJ
ajeer-1431	128	35	guinea	guinea	NOUN
ajeer-1431	128	36	bissau	bissau	NOUN
ajeer-1431	128	37	.	.	PUNCT
ajeer-1431	129	1	the	the	DET
ajeer-1431	129	2	withdrawal	withdrawal	NOUN
ajeer-1431	129	3	of	of	ADP
ajeer-1431	129	4	guinea	guinea	NOUN
ajeer-1431	129	5	bissau	bissau	NOUN
ajeer-1431	129	6	from	from	ADP
ajeer-1431	129	7	the	the	DET
ajeer-1431	129	8	sample	sample	NOUN
ajeer-1431	129	9	is	be	AUX
ajeer-1431	129	10	explained	explain	VERB
ajeer-1431	129	11	by	by	ADP
ajeer-1431	129	12	the	the	DET
ajeer-1431	129	13	lack	lack	NOUN
ajeer-1431	129	14	of	of	ADP
ajeer-1431	129	15	available	available	ADJ
ajeer-1431	129	16	data	datum	NOUN
ajeer-1431	129	17	on	on	ADP
ajeer-1431	129	18	the	the	DET
ajeer-1431	129	19	variables	variable	NOUN
ajeer-1431	129	20	considered	consider	VERB
ajeer-1431	129	21	,	,	PUNCT
ajeer-1431	129	22	covering	cover	VERB
ajeer-1431	129	23	the	the	DET
ajeer-1431	129	24	study	study	NOUN
ajeer-1431	129	25	period	period	NOUN
ajeer-1431	129	26	from	from	ADP
ajeer-1431	129	27	1980	1980	NUM
ajeer-1431	129	28	to	to	ADP
ajeer-1431	129	29	2017	2017	NUM
ajeer-1431	129	30	.	.	PUNCT
ajeer-1431	130	1	current	current	ADJ
ajeer-1431	130	2	account	account	NOUN
ajeer-1431	130	3	balances	balance	NOUN
ajeer-1431	130	4	in	in	ADP
ajeer-1431	130	5	waemu	waemu	NOUN
ajeer-1431	130	6	countries	country	NOUN
ajeer-1431	130	7	are	be	AUX
ajeer-1431	130	8	systematically	systematically	ADV
ajeer-1431	130	9	in	in	ADP
ajeer-1431	130	10	deficit	deficit	NOUN
ajeer-1431	130	11	over	over	ADP
ajeer-1431	130	12	the	the	DET
ajeer-1431	130	13	entire	entire	ADJ
ajeer-1431	130	14	period	period	NOUN
ajeer-1431	130	15	except	except	SCONJ
ajeer-1431	130	16	for	for	ADP
ajeer-1431	130	17	a	a	DET
ajeer-1431	130	18	few	few	ADJ
ajeer-1431	130	19	years	year	NOUN
ajeer-1431	130	20	when	when	SCONJ
ajeer-1431	130	21	some	some	DET
ajeer-1431	130	22	countries	country	NOUN
ajeer-1431	130	23	recorded	record	VERB
ajeer-1431	130	24	a	a	DET
ajeer-1431	130	25	surplus	surplus	NOUN
ajeer-1431	130	26	see	see	NOUN
ajeer-1431	130	27	figure	figure	NOUN
ajeer-1431	130	28	1	1	NUM
ajeer-1431	130	29	.	.	PUNCT
ajeer-1431	130	30	figure-1	figure-1	PROPN
ajeer-1431	130	31	.	.	PUNCT
ajeer-1431	131	1	evolution	evolution	NOUN
ajeer-1431	131	2	of	of	ADP
ajeer-1431	131	3	the	the	DET
ajeer-1431	131	4	ratio	ratio	NOUN
ajeer-1431	131	5	current	current	ADJ
ajeer-1431	131	6	account	account	NOUN
ajeer-1431	131	7	to	to	ADP
ajeer-1431	131	8	gdp	gdp	PROPN
ajeer-1431	131	9	.	.	PUNCT
ajeer-1431	132	1	thus	thus	ADV
ajeer-1431	132	2	,	,	PUNCT
ajeer-1431	132	3	we	we	PRON
ajeer-1431	132	4	can	can	AUX
ajeer-1431	132	5	identify	identify	VERB
ajeer-1431	132	6	three	three	NUM
ajeer-1431	132	7	sub	sub	NOUN
ajeer-1431	132	8	-	-	ADJ
ajeer-1431	132	9	periods	period	NOUN
ajeer-1431	132	10	in	in	ADP
ajeer-1431	132	11	the	the	DET
ajeer-1431	132	12	evolution	evolution	NOUN
ajeer-1431	132	13	of	of	ADP
ajeer-1431	132	14	waemu	waemu	PROPN
ajeer-1431	132	15	countries	country	NOUN
ajeer-1431	132	16	'	'	PART
ajeer-1431	132	17	current	current	ADJ
ajeer-1431	132	18	account	account	NOUN
ajeer-1431	132	19	balances	balance	NOUN
ajeer-1431	132	20	.	.	PUNCT
ajeer-1431	133	1	the	the	DET
ajeer-1431	133	2	first	first	ADJ
ajeer-1431	133	3	sub	sub	NOUN
ajeer-1431	133	4	-	-	NOUN
ajeer-1431	133	5	period	period	NOUN
ajeer-1431	133	6	corresponds	correspond	NOUN
ajeer-1431	133	7	to	to	ADP
ajeer-1431	133	8	the	the	DET
ajeer-1431	133	9	1980	1980	NUM
ajeer-1431	133	10	-	-	SYM
ajeer-1431	133	11	1990	1990	NUM
ajeer-1431	133	12	decade	decade	NOUN
ajeer-1431	133	13	.	.	PUNCT
ajeer-1431	134	1	this	this	PRON
ajeer-1431	134	2	is	be	AUX
ajeer-1431	134	3	marked	mark	VERB
ajeer-1431	134	4	by	by	ADP
ajeer-1431	134	5	a	a	DET
ajeer-1431	134	6	significant	significant	ADJ
ajeer-1431	134	7	level	level	NOUN
ajeer-1431	134	8	of	of	ADP
ajeer-1431	134	9	current	current	ADJ
ajeer-1431	134	10	account	account	NOUN
ajeer-1431	134	11	deficits	deficit	NOUN
ajeer-1431	134	12	in	in	ADP
ajeer-1431	134	13	waemu	waemu	PROPN
ajeer-1431	134	14	countries	country	NOUN
ajeer-1431	134	15	.	.	PUNCT
ajeer-1431	135	1	in	in	ADP
ajeer-1431	135	2	fact	fact	NOUN
ajeer-1431	135	3	,	,	PUNCT
ajeer-1431	135	4	starting	start	VERB
ajeer-1431	135	5	in	in	ADP
ajeer-1431	135	6	1980	1980	NUM
ajeer-1431	135	7	,	,	PUNCT
ajeer-1431	135	8	there	there	PRON
ajeer-1431	135	9	is	be	VERB
ajeer-1431	135	10	a	a	DET
ajeer-1431	135	11	widening	widening	NOUN
ajeer-1431	135	12	of	of	ADP
ajeer-1431	135	13	the	the	DET
ajeer-1431	135	14	deficits	deficit	NOUN
ajeer-1431	135	15	of	of	ADP
ajeer-1431	135	16	the	the	DET
ajeer-1431	135	17	different	different	ADJ
ajeer-1431	135	18	countries	country	NOUN
ajeer-1431	135	19	.	.	PUNCT
ajeer-1431	136	1	this	this	PRON
ajeer-1431	136	2	is	be	AUX
ajeer-1431	136	3	due	due	ADJ
ajeer-1431	136	4	to	to	ADP
ajeer-1431	136	5	soaring	soar	VERB
ajeer-1431	136	6	prices	price	NOUN
ajeer-1431	136	7	of	of	ADP
ajeer-1431	136	8	energy	energy	NOUN
ajeer-1431	136	9	products	product	NOUN
ajeer-1431	136	10	following	follow	VERB
ajeer-1431	136	11	the	the	DET
ajeer-1431	136	12	oil	oil	NOUN
ajeer-1431	136	13	shocks	shock	NOUN
ajeer-1431	136	14	of	of	ADP
ajeer-1431	136	15	1973	1973	NUM
ajeer-1431	136	16	and	and	CCONJ
ajeer-1431	136	17	1979	1979	NUM
ajeer-1431	136	18	.	.	PUNCT
ajeer-1431	137	1	this	this	PRON
ajeer-1431	137	2	has	have	VERB
ajeer-1431	137	3	a	a	DET
ajeer-1431	137	4	double	double	ADJ
ajeer-1431	137	5	deficit	deficit	NOUN
ajeer-1431	137	6	effect	effect	NOUN
ajeer-1431	137	7	on	on	ADP
ajeer-1431	137	8	the	the	DET
ajeer-1431	137	9	current	current	ADJ
ajeer-1431	137	10	account	account	NOUN
ajeer-1431	137	11	.	.	PUNCT
ajeer-1431	138	1	on	on	ADP
ajeer-1431	138	2	the	the	DET
ajeer-1431	138	3	one	one	NUM
ajeer-1431	138	4	hand	hand	NOUN
ajeer-1431	138	5	,	,	PUNCT
ajeer-1431	138	6	rising	rise	VERB
ajeer-1431	138	7	energy	energy	NOUN
ajeer-1431	138	8	prices	price	NOUN
ajeer-1431	138	9	will	will	AUX
ajeer-1431	138	10	exacerbate	exacerbate	VERB
ajeer-1431	138	11	the	the	DET
ajeer-1431	138	12	bill	bill	NOUN
ajeer-1431	138	13	for	for	ADP
ajeer-1431	138	14	hydrocarbon	hydrocarbon	NOUN
ajeer-1431	138	15	imports	import	NOUN
ajeer-1431	138	16	.	.	PUNCT
ajeer-1431	139	1	there	there	PRON
ajeer-1431	139	2	is	be	VERB
ajeer-1431	139	3	a	a	DET
ajeer-1431	139	4	deterioration	deterioration	NOUN
ajeer-1431	139	5	in	in	ADP
ajeer-1431	139	6	the	the	DET
ajeer-1431	139	7	trade	trade	NOUN
ajeer-1431	139	8	balance	balance	NOUN
ajeer-1431	139	9	of	of	ADP
ajeer-1431	139	10	countries	country	NOUN
ajeer-1431	139	11	that	that	PRON
ajeer-1431	139	12	are	be	AUX
ajeer-1431	139	13	all	all	PRON
ajeer-1431	139	14	net	net	ADJ
ajeer-1431	139	15	importers	importer	NOUN
ajeer-1431	139	16	.	.	PUNCT
ajeer-1431	140	1	on	on	ADP
ajeer-1431	140	2	the	the	DET
ajeer-1431	140	3	other	other	ADJ
ajeer-1431	140	4	hand	hand	NOUN
ajeer-1431	140	5	,	,	PUNCT
ajeer-1431	140	6	to	to	PART
ajeer-1431	140	7	comply	comply	VERB
ajeer-1431	140	8	with	with	ADP
ajeer-1431	140	9	their	their	PRON
ajeer-1431	140	10	internal	internal	ADJ
ajeer-1431	140	11	growth	growth	NOUN
ajeer-1431	140	12	constraint	constraint	NOUN
ajeer-1431	140	13	,	,	PUNCT
ajeer-1431	140	14	countries	country	NOUN
ajeer-1431	140	15	are	be	AUX
ajeer-1431	140	16	required	require	VERB
ajeer-1431	140	17	to	to	PART
ajeer-1431	140	18	borrow	borrow	VERB
ajeer-1431	140	19	to	to	PART
ajeer-1431	140	20	finance	finance	VERB
ajeer-1431	140	21	the	the	DET
ajeer-1431	140	22	current	current	ADJ
ajeer-1431	140	23	account	account	NOUN
ajeer-1431	140	24	deficit	deficit	NOUN
ajeer-1431	140	25	.	.	PUNCT
ajeer-1431	141	1	as	as	ADP
ajeer-1431	141	2	a	a	DET
ajeer-1431	141	3	result	result	NOUN
ajeer-1431	141	4	,	,	PUNCT
ajeer-1431	141	5	government	government	NOUN
ajeer-1431	141	6	debt	debt	NOUN
ajeer-1431	141	7	and	and	CCONJ
ajeer-1431	141	8	the	the	DET
ajeer-1431	141	9	interest	interest	NOUN
ajeer-1431	141	10	payments	payment	NOUN
ajeer-1431	141	11	it	it	PRON
ajeer-1431	141	12	generates	generate	VERB
ajeer-1431	141	13	will	will	AUX
ajeer-1431	141	14	increase	increase	VERB
ajeer-1431	141	15	.	.	PUNCT
ajeer-1431	142	1	since	since	SCONJ
ajeer-1431	142	2	these	these	DET
ajeer-1431	142	3	interests	interest	NOUN
ajeer-1431	142	4	are	be	AUX
ajeer-1431	142	5	partly	partly	ADV
ajeer-1431	142	6	paid	pay	VERB
ajeer-1431	142	7	by	by	ADP
ajeer-1431	142	8	export	export	NOUN
ajeer-1431	142	9	earnings	earning	NOUN
ajeer-1431	142	10	,	,	PUNCT
ajeer-1431	142	11	the	the	DET
ajeer-1431	142	12	current	current	ADJ
ajeer-1431	142	13	account	account	NOUN
ajeer-1431	142	14	deficit	deficit	NOUN
ajeer-1431	142	15	of	of	ADP
ajeer-1431	142	16	countries	country	NOUN
ajeer-1431	142	17	is	be	AUX
ajeer-1431	142	18	widening	widen	VERB
ajeer-1431	142	19	.	.	PUNCT
ajeer-1431	143	1	but	but	CCONJ
ajeer-1431	143	2	this	this	DET
ajeer-1431	143	3	period	period	NOUN
ajeer-1431	143	4	is	be	AUX
ajeer-1431	143	5	also	also	ADV
ajeer-1431	143	6	marked	mark	VERB
ajeer-1431	143	7	by	by	ADP
ajeer-1431	143	8	the	the	DET
ajeer-1431	143	9	deterioration	deterioration	NOUN
ajeer-1431	143	10	of	of	ADP
ajeer-1431	143	11	the	the	DET
ajeer-1431	143	12	terms	term	NOUN
ajeer-1431	143	13	of	of	ADP
ajeer-1431	143	14	trade	trade	NOUN
ajeer-1431	143	15	of	of	ADP
ajeer-1431	143	16	the	the	DET
ajeer-1431	143	17	primary	primary	ADJ
ajeer-1431	143	18	products	product	NOUN
ajeer-1431	143	19	which	which	PRON
ajeer-1431	143	20	constitute	constitute	VERB
ajeer-1431	143	21	the	the	DET
ajeer-1431	143	22	basis	basis	NOUN
ajeer-1431	143	23	of	of	ADP
ajeer-1431	143	24	the	the	DET
ajeer-1431	143	25	exports	export	NOUN
ajeer-1431	143	26	of	of	ADP
ajeer-1431	143	27	the	the	DET
ajeer-1431	143	28	waemu	waemu	NOUN
ajeer-1431	143	29	economies	economy	NOUN
ajeer-1431	143	30	.	.	PUNCT
ajeer-1431	144	1	this	this	DET
ajeer-1431	144	2	situation	situation	NOUN
ajeer-1431	144	3	seriously	seriously	ADV
ajeer-1431	144	4	undermines	undermine	VERB
ajeer-1431	144	5	the	the	DET
ajeer-1431	144	6	public	public	ADJ
ajeer-1431	144	7	finances	finance	NOUN
ajeer-1431	144	8	of	of	ADP
ajeer-1431	144	9	the	the	DET
ajeer-1431	144	10	countries	country	NOUN
ajeer-1431	144	11	of	of	ADP
ajeer-1431	144	12	the	the	DET
ajeer-1431	144	13	zone	zone	NOUN
ajeer-1431	144	14	until	until	ADP
ajeer-1431	144	15	the	the	DET
ajeer-1431	144	16	beginning	beginning	NOUN
ajeer-1431	144	17	of	of	ADP
ajeer-1431	144	18	the	the	DET
ajeer-1431	144	19	1990s	1990	NOUN
ajeer-1431	144	20	and	and	CCONJ
ajeer-1431	144	21	will	will	AUX
ajeer-1431	144	22	inevitably	inevitably	ADV
ajeer-1431	144	23	lead	lead	VERB
ajeer-1431	144	24	to	to	ADP
ajeer-1431	144	25	the	the	DET
ajeer-1431	144	26	devaluation	devaluation	NOUN
ajeer-1431	144	27	of	of	ADP
ajeer-1431	144	28	the	the	DET
ajeer-1431	144	29	single	single	ADJ
ajeer-1431	144	30	currency	currency	NOUN
ajeer-1431	144	31	.	.	PUNCT
ajeer-1431	145	1	the	the	DET
ajeer-1431	145	2	second	second	ADJ
ajeer-1431	145	3	phase	phase	NOUN
ajeer-1431	145	4	of	of	ADP
ajeer-1431	145	5	waemu	waemu	PROPN
ajeer-1431	145	6	current	current	ADJ
ajeer-1431	145	7	account	account	NOUN
ajeer-1431	145	8	developments	development	NOUN
ajeer-1431	145	9	is	be	AUX
ajeer-1431	145	10	between	between	ADP
ajeer-1431	145	11	the	the	DET
ajeer-1431	145	12	mid-1990s	mid-1990	NOUN
ajeer-1431	145	13	and	and	CCONJ
ajeer-1431	145	14	the	the	DET
ajeer-1431	145	15	early	early	ADJ
ajeer-1431	145	16	2000s	2000s	NUM
ajeer-1431	145	17	.	.	PUNCT
ajeer-1431	146	1	this	this	DET
ajeer-1431	146	2	period	period	NOUN
ajeer-1431	146	3	corresponds	correspond	VERB
ajeer-1431	146	4	to	to	ADP
ajeer-1431	146	5	the	the	DET
ajeer-1431	146	6	50	50	NUM
ajeer-1431	146	7	%	%	NOUN
ajeer-1431	146	8	devaluation	devaluation	NOUN
ajeer-1431	146	9	of	of	ADP
ajeer-1431	146	10	the	the	DET
ajeer-1431	146	11	common	common	ADJ
ajeer-1431	146	12	currency	currency	NOUN
ajeer-1431	146	13	of	of	ADP
ajeer-1431	146	14	the	the	DET
ajeer-1431	146	15	eight	eight	NUM
ajeer-1431	146	16	waemu	waemu	NOUN
ajeer-1431	146	17	countries	country	NOUN
ajeer-1431	146	18	,	,	PUNCT
ajeer-1431	146	19	the	the	DET
ajeer-1431	146	20	fcfa	fcfa	NOUN
ajeer-1431	146	21	,	,	PUNCT
ajeer-1431	146	22	towards	towards	ADP
ajeer-1431	146	23	the	the	DET
ajeer-1431	146	24	french	french	ADJ
ajeer-1431	146	25	franc	franc	NOUN
ajeer-1431	146	26	that	that	PRON
ajeer-1431	146	27	was	be	AUX
ajeer-1431	146	28	the	the	DET
ajeer-1431	146	29	currency	currency	NOUN
ajeer-1431	146	30	of	of	ADP
ajeer-1431	146	31	linking	link	VERB
ajeer-1431	146	32	(	(	PUNCT
ajeer-1431	146	33	and	and	CCONJ
ajeer-1431	146	34	the	the	DET
ajeer-1431	146	35	euro	euro	NOUN
ajeer-1431	146	36	since	since	SCONJ
ajeer-1431	146	37	its	its	PRON
ajeer-1431	146	38	entry	entry	NOUN
ajeer-1431	146	39	into	into	ADP
ajeer-1431	146	40	force	force	NOUN
ajeer-1431	146	41	in	in	ADP
ajeer-1431	146	42	1998	1998	NUM
ajeer-1431	146	43	)	)	PUNCT
ajeer-1431	146	44	.	.	PUNCT
ajeer-1431	147	1	it	it	PRON
ajeer-1431	147	2	is	be	AUX
ajeer-1431	147	3	marked	mark	VERB
ajeer-1431	147	4	by	by	ADP
ajeer-1431	147	5	moderate	moderate	ADJ
ajeer-1431	147	6	movements	movement	NOUN
ajeer-1431	147	7	in	in	ADP
ajeer-1431	147	8	countries	country	NOUN
ajeer-1431	147	9	current	current	ADJ
ajeer-1431	147	10	account	account	NOUN
ajeer-1431	147	11	balances	balance	NOUN
ajeer-1431	147	12	around	around	ADP
ajeer-1431	147	13	the	the	DET
ajeer-1431	147	14	equilibrium	equilibrium	NOUN
ajeer-1431	147	15	.	.	PUNCT
ajeer-1431	148	1	indeed	indeed	ADV
ajeer-1431	148	2	,	,	PUNCT
ajeer-1431	148	3	after	after	ADP
ajeer-1431	148	4	the	the	DET
ajeer-1431	148	5	devaluation	devaluation	NOUN
ajeer-1431	148	6	,	,	PUNCT
ajeer-1431	148	7	the	the	DET
ajeer-1431	148	8	situation	situation	NOUN
ajeer-1431	148	9	of	of	ADP
ajeer-1431	148	10	current	current	ADJ
ajeer-1431	148	11	payments	payment	NOUN
ajeer-1431	148	12	in	in	ADP
ajeer-1431	148	13	the	the	DET
ajeer-1431	148	14	union	union	NOUN
ajeer-1431	148	15	,	,	PUNCT
ajeer-1431	148	16	which	which	PRON
ajeer-1431	148	17	recorded	record	VERB
ajeer-1431	148	18	surpluses	surplus	NOUN
ajeer-1431	148	19	in	in	ADP
ajeer-1431	148	20	1994	1994	NUM
ajeer-1431	148	21	,	,	PUNCT
ajeer-1431	148	22	improved	improve	VERB
ajeer-1431	148	23	.	.	PUNCT
ajeer-1431	149	1	however	however	ADV
ajeer-1431	149	2	,	,	PUNCT
ajeer-1431	149	3	this	this	DET
ajeer-1431	149	4	surplus	surplus	NOUN
ajeer-1431	149	5	soon	soon	ADV
ajeer-1431	149	6	gave	give	VERB
ajeer-1431	149	7	way	way	NOUN
ajeer-1431	149	8	to	to	ADP
ajeer-1431	149	9	the	the	DET
ajeer-1431	149	10	return	return	NOUN
ajeer-1431	149	11	of	of	ADP
ajeer-1431	149	12	deficits	deficit	NOUN
ajeer-1431	149	13	as	as	ADV
ajeer-1431	149	14	early	early	ADV
ajeer-1431	149	15	as	as	ADP
ajeer-1431	149	16	the	the	DET
ajeer-1431	149	17	following	following	ADJ
ajeer-1431	149	18	year	year	NOUN
ajeer-1431	149	19	,	,	PUNCT
ajeer-1431	149	20	even	even	ADV
ajeer-1431	149	21	though	though	SCONJ
ajeer-1431	149	22	their	their	PRON
ajeer-1431	149	23	level	level	NOUN
ajeer-1431	149	24	remains	remain	VERB
ajeer-1431	149	25	less	less	ADV
ajeer-1431	149	26	important	important	ADJ
ajeer-1431	149	27	.	.	PUNCT
ajeer-1431	150	1	this	this	DET
ajeer-1431	150	2	sudden	sudden	ADJ
ajeer-1431	150	3	return	return	NOUN
ajeer-1431	150	4	to	to	ADP
ajeer-1431	150	5	deficits	deficit	NOUN
ajeer-1431	150	6	after	after	SCONJ
ajeer-1431	150	7	the	the	DET
ajeer-1431	150	8	mechanical	mechanical	ADJ
ajeer-1431	150	9	surpluses	surplus	NOUN
ajeer-1431	150	10	recorded	record	VERB
ajeer-1431	150	11	with	with	ADP
ajeer-1431	150	12	the	the	DET
ajeer-1431	150	13	devaluation	devaluation	NOUN
ajeer-1431	150	14	could	could	AUX
ajeer-1431	150	15	be	be	AUX
ajeer-1431	150	16	explained	explain	VERB
ajeer-1431	150	17	by	by	ADP
ajeer-1431	150	18	"	"	PUNCT
ajeer-1431	150	19	the	the	DET
ajeer-1431	150	20	combined	combined	ADJ
ajeer-1431	150	21	effect	effect	NOUN
ajeer-1431	150	22	of	of	ADP
ajeer-1431	150	23	the	the	DET
ajeer-1431	150	24	contraction	contraction	NOUN
ajeer-1431	150	25	of	of	ADP
ajeer-1431	150	26	foreign	foreign	ADJ
ajeer-1431	150	27	trade	trade	NOUN
ajeer-1431	150	28	(	(	PUNCT
ajeer-1431	150	29	-33.3	-33.3	NOUN
ajeer-1431	150	30	billion	billion	NUM
ajeer-1431	150	31	fcfa	fcfa	NOUN
ajeer-1431	150	32	)	)	PUNCT
ajeer-1431	150	33	,	,	PUNCT
ajeer-1431	150	34	of	of	ADP
ajeer-1431	150	35	the	the	DET
ajeer-1431	150	36	mechanical	mechanical	ADJ
ajeer-1431	150	37	increase	increase	NOUN
ajeer-1431	150	38	of	of	ADP
ajeer-1431	150	39	the	the	DET
ajeer-1431	150	40	interest	interest	NOUN
ajeer-1431	150	41	charge	charge	NOUN
ajeer-1431	150	42	on	on	ADP
ajeer-1431	150	43	the	the	DET
ajeer-1431	150	44	debt	debt	NOUN
ajeer-1431	150	45	foreign	foreign	ADJ
ajeer-1431	150	46	exchange	exchange	NOUN
ajeer-1431	150	47	(	(	PUNCT
ajeer-1431	150	48	+6	+6	PROPN
ajeer-1431	150	49	billion	billion	NUM
ajeer-1431	150	50	fcfa	fcfa	NOUN
ajeer-1431	150	51	)	)	PUNCT
ajeer-1431	150	52	and	and	CCONJ
ajeer-1431	150	53	the	the	DET
ajeer-1431	150	54	amount	amount	NOUN
ajeer-1431	150	55	of	of	ADP
ajeer-1431	150	56	net	net	ADJ
ajeer-1431	150	57	outflows	outflow	NOUN
ajeer-1431	150	58	for	for	ADP
ajeer-1431	150	59	unrequited	unrequited	ADJ
ajeer-1431	150	60	transfers	transfer	NOUN
ajeer-1431	150	61	of	of	ADP
ajeer-1431	150	62	private	private	ADJ
ajeer-1431	150	63	origin	origin	NOUN
ajeer-1431	150	64	(	(	PUNCT
ajeer-1431	150	65	+23.5	+23.5	PROPN
ajeer-1431	150	66	billion	billion	NUM
ajeer-1431	150	67	cfa	cfa	NOUN
ajeer-1431	150	68	)	)	PUNCT
ajeer-1431	150	69	"	"	PUNCT
ajeer-1431	150	70	.1	.1	NUM
ajeer-1431	150	71	finally	finally	ADV
ajeer-1431	150	72	,	,	PUNCT
ajeer-1431	150	73	the	the	DET
ajeer-1431	150	74	last	last	ADJ
ajeer-1431	150	75	sub	sub	NOUN
ajeer-1431	150	76	-	-	ADJ
ajeer-1431	150	77	period	period	NOUN
ajeer-1431	150	78	starts	start	NOUN
ajeer-1431	150	79	from	from	ADP
ajeer-1431	150	80	2002	2002	NUM
ajeer-1431	150	81	,	,	PUNCT
ajeer-1431	150	82	the	the	DET
ajeer-1431	150	83	countries	country	NOUN
ajeer-1431	150	84	record	record	VERB
ajeer-1431	150	85	a	a	DET
ajeer-1431	150	86	clear	clear	ADJ
ajeer-1431	150	87	improvement	improvement	NOUN
ajeer-1431	150	88	of	of	ADP
ajeer-1431	150	89	their	their	PRON
ajeer-1431	150	90	current	current	ADJ
ajeer-1431	150	91	deficits	deficit	NOUN
ajeer-1431	150	92	.	.	PUNCT
ajeer-1431	151	1	however	however	ADV
ajeer-1431	151	2	,	,	PUNCT
ajeer-1431	151	3	starting	start	VERB
ajeer-1431	151	4	in	in	ADP
ajeer-1431	151	5	2006	2006	NUM
ajeer-1431	151	6	,	,	PUNCT
ajeer-1431	151	7	deficits	deficit	NOUN
ajeer-1431	151	8	started	start	VERB
ajeer-1431	151	9	to	to	PART
ajeer-1431	151	10	rise	rise	VERB
ajeer-1431	151	11	again	again	ADV
ajeer-1431	151	12	and	and	CCONJ
ajeer-1431	151	13	reached	reach	VERB
ajeer-1431	151	14	a	a	DET
ajeer-1431	151	15	new	new	ADJ
ajeer-1431	151	16	peak	peak	NOUN
ajeer-1431	151	17	in	in	ADP
ajeer-1431	151	18	2008	2008	NUM
ajeer-1431	151	19	.	.	PUNCT
ajeer-1431	152	1	this	this	DET
ajeer-1431	152	2	new	new	ADJ
ajeer-1431	152	3	period	period	NOUN
ajeer-1431	152	4	of	of	ADP
ajeer-1431	152	5	large	large	ADJ
ajeer-1431	152	6	current	current	ADJ
ajeer-1431	152	7	account	account	NOUN
ajeer-1431	152	8	deficits	deficit	NOUN
ajeer-1431	152	9	coincided	coincide	VERB
ajeer-1431	152	10	with	with	ADP
ajeer-1431	152	11	the	the	DET
ajeer-1431	152	12	economic	economic	ADJ
ajeer-1431	152	13	and	and	CCONJ
ajeer-1431	152	14	financial	financial	ADJ
ajeer-1431	152	15	crisis	crisis	NOUN
ajeer-1431	152	16	that	that	PRON
ajeer-1431	152	17	hit	hit	VERB
ajeer-1431	152	18	the	the	DET
ajeer-1431	152	19	world	world	NOUN
ajeer-1431	152	20	towards	towards	ADP
ajeer-1431	152	21	the	the	DET
ajeer-1431	152	22	end	end	NOUN
ajeer-1431	152	23	of	of	ADP
ajeer-1431	152	24	the	the	DET
ajeer-1431	152	25	decade	decade	NOUN
ajeer-1431	152	26	2000	2000	NUM
ajeer-1431	152	27	-	-	SYM
ajeer-1431	152	28	2010	2010	NUM
ajeer-1431	152	29	.	.	PUNCT
ajeer-1431	153	1	since	since	SCONJ
ajeer-1431	153	2	the	the	DET
ajeer-1431	153	3	waemu	waemu	NOUN
ajeer-1431	153	4	countries	country	NOUN
ajeer-1431	153	5	are	be	AUX
ajeer-1431	153	6	net	net	ADJ
ajeer-1431	153	7	importers	importer	NOUN
ajeer-1431	153	8	of	of	ADP
ajeer-1431	153	9	most	most	ADJ
ajeer-1431	153	10	food	food	NOUN
ajeer-1431	153	11	and	and	CCONJ
ajeer-1431	153	12	energy	energy	NOUN
ajeer-1431	153	13	products	product	NOUN
ajeer-1431	153	14	,	,	PUNCT
ajeer-1431	153	15	the	the	DET
ajeer-1431	153	16	rise	rise	NOUN
ajeer-1431	153	17	in	in	ADP
ajeer-1431	153	18	world	world	NOUN
ajeer-1431	153	19	prices	price	NOUN
ajeer-1431	153	20	caused	cause	VERB
ajeer-1431	153	21	by	by	ADP
ajeer-1431	153	22	the	the	DET
ajeer-1431	153	23	crisis	crisis	NOUN
ajeer-1431	153	24	increases	increase	VERB
ajeer-1431	153	25	the	the	DET
ajeer-1431	153	26	import	import	NOUN
ajeer-1431	153	27	bill	bill	NOUN
ajeer-1431	153	28	and	and	CCONJ
ajeer-1431	153	29	aggravates	aggravate	VERB
ajeer-1431	153	30	the	the	DET
ajeer-1431	153	31	trade	trade	NOUN
ajeer-1431	153	32	deficit	deficit	NOUN
ajeer-1431	153	33	.	.	PUNCT
ajeer-1431	154	1	this	this	DET
ajeer-1431	154	2	upward	upward	ADJ
ajeer-1431	154	3	trend	trend	NOUN
ajeer-1431	154	4	in	in	ADP
ajeer-1431	154	5	current	current	ADJ
ajeer-1431	154	6	account	account	NOUN
ajeer-1431	154	7	deficits	deficit	NOUN
ajeer-1431	154	8	is	be	AUX
ajeer-1431	154	9	still	still	ADV
ajeer-1431	154	10	continuing	continue	VERB
ajeer-1431	154	11	despite	despite	SCONJ
ajeer-1431	154	12	the	the	DET
ajeer-1431	154	13	stability	stability	NOUN
ajeer-1431	154	14	or	or	CCONJ
ajeer-1431	154	15	even	even	ADV
ajeer-1431	154	16	the	the	DET
ajeer-1431	154	17	decline	decline	NOUN
ajeer-1431	154	18	in	in	ADP
ajeer-1431	154	19	certain	certain	ADJ
ajeer-1431	154	20	commodity	commodity	NOUN
ajeer-1431	154	21	prices	price	NOUN
ajeer-1431	154	22	.	.	PUNCT
ajeer-1431	155	1	1	1	NUM
ajeer-1431	155	2	bernard	bernard	NOUN
ajeer-1431	155	3	(	(	PUNCT
ajeer-1431	155	4	1995	1995	NUM
ajeer-1431	155	5	)	)	PUNCT
ajeer-1431	155	6	.	.	PUNCT
ajeer-1431	156	1	asian	asian	ADJ
ajeer-1431	156	2	journal	journal	PROPN
ajeer-1431	156	3	of	of	ADP
ajeer-1431	156	4	economics	economic	NOUN
ajeer-1431	156	5	and	and	CCONJ
ajeer-1431	156	6	empirical	empirical	ADJ
ajeer-1431	156	7	research	research	NOUN
ajeer-1431	156	8	,	,	PUNCT
ajeer-1431	156	9	2020	2020	NUM
ajeer-1431	156	10	,	,	PUNCT
ajeer-1431	156	11	7(1	7(1	NUM
ajeer-1431	156	12	):	):	PUNCT
ajeer-1431	156	13	46	46	NUM
ajeer-1431	156	14	-	-	SYM
ajeer-1431	156	15	63	63	NUM
ajeer-1431	156	16	50	50	NUM
ajeer-1431	156	17	©	©	PROPN
ajeer-1431	156	18	2020	2020	NUM
ajeer-1431	156	19	by	by	ADP
ajeer-1431	156	20	the	the	DET
ajeer-1431	156	21	authors	author	NOUN
ajeer-1431	156	22	;	;	PUNCT
ajeer-1431	156	23	licensee	licensee	PROPN
ajeer-1431	156	24	asian	asian	ADJ
ajeer-1431	156	25	online	online	PROPN
ajeer-1431	156	26	journal	journal	PROPN
ajeer-1431	156	27	publishing	publishing	NOUN
ajeer-1431	156	28	group	group	NOUN
ajeer-1431	156	29	thus	thus	ADV
ajeer-1431	156	30	,	,	PUNCT
ajeer-1431	156	31	the	the	DET
ajeer-1431	156	32	analysis	analysis	NOUN
ajeer-1431	156	33	of	of	ADP
ajeer-1431	156	34	the	the	DET
ajeer-1431	156	35	evolution	evolution	NOUN
ajeer-1431	156	36	of	of	ADP
ajeer-1431	156	37	the	the	DET
ajeer-1431	156	38	current	current	ADJ
ajeer-1431	156	39	account	account	NOUN
ajeer-1431	156	40	can	can	AUX
ajeer-1431	156	41	be	be	AUX
ajeer-1431	156	42	conducted	conduct	VERB
ajeer-1431	156	43	taking	take	VERB
ajeer-1431	156	44	into	into	ADP
ajeer-1431	156	45	account	account	NOUN
ajeer-1431	156	46	that	that	PRON
ajeer-1431	156	47	of	of	ADP
ajeer-1431	156	48	these	these	DET
ajeer-1431	156	49	two	two	NUM
ajeer-1431	156	50	scales	scale	NOUN
ajeer-1431	156	51	.	.	PUNCT
ajeer-1431	157	1	this	this	PRON
ajeer-1431	157	2	would	would	AUX
ajeer-1431	157	3	make	make	VERB
ajeer-1431	157	4	it	it	PRON
ajeer-1431	157	5	possible	possible	ADJ
ajeer-1431	157	6	to	to	PART
ajeer-1431	157	7	establish	establish	VERB
ajeer-1431	157	8	a	a	DET
ajeer-1431	157	9	link	link	NOUN
ajeer-1431	157	10	between	between	ADP
ajeer-1431	157	11	the	the	DET
ajeer-1431	157	12	evolution	evolution	NOUN
ajeer-1431	157	13	of	of	ADP
ajeer-1431	157	14	the	the	DET
ajeer-1431	157	15	current	current	ADJ
ajeer-1431	157	16	account	account	NOUN
ajeer-1431	157	17	in	in	ADP
ajeer-1431	157	18	relation	relation	NOUN
ajeer-1431	157	19	to	to	ADP
ajeer-1431	157	20	that	that	PRON
ajeer-1431	157	21	of	of	ADP
ajeer-1431	157	22	the	the	DET
ajeer-1431	157	23	trade	trade	NOUN
ajeer-1431	157	24	balance	balance	NOUN
ajeer-1431	157	25	on	on	ADP
ajeer-1431	157	26	the	the	DET
ajeer-1431	157	27	one	one	NUM
ajeer-1431	157	28	hand	hand	NOUN
ajeer-1431	157	29	and	and	CCONJ
ajeer-1431	157	30	the	the	DET
ajeer-1431	157	31	savings	savings	NOUN
ajeer-1431	157	32	-	-	PUNCT
ajeer-1431	157	33	investment	investment	NOUN
ajeer-1431	157	34	balance	balance	NOUN
ajeer-1431	157	35	on	on	ADP
ajeer-1431	157	36	the	the	DET
ajeer-1431	157	37	other	other	ADJ
ajeer-1431	157	38	hand	hand	NOUN
ajeer-1431	157	39	.	.	PUNCT
ajeer-1431	158	1	the	the	DET
ajeer-1431	158	2	trade	trade	NOUN
ajeer-1431	158	3	balance	balance	NOUN
ajeer-1431	158	4	is	be	AUX
ajeer-1431	158	5	equal	equal	ADJ
ajeer-1431	158	6	to	to	ADP
ajeer-1431	158	7	the	the	DET
ajeer-1431	158	8	difference	difference	NOUN
ajeer-1431	158	9	between	between	ADP
ajeer-1431	158	10	the	the	DET
ajeer-1431	158	11	value	value	NOUN
ajeer-1431	158	12	of	of	ADP
ajeer-1431	158	13	exports	export	NOUN
ajeer-1431	158	14	and	and	CCONJ
ajeer-1431	158	15	imports	import	NOUN
ajeer-1431	158	16	recorded	record	VERB
ajeer-1431	158	17	in	in	ADP
ajeer-1431	158	18	the	the	DET
ajeer-1431	158	19	balance	balance	NOUN
ajeer-1431	158	20	of	of	ADP
ajeer-1431	158	21	payments	payment	NOUN
ajeer-1431	158	22	for	for	ADP
ajeer-1431	158	23	each	each	DET
ajeer-1431	158	24	year	year	NOUN
ajeer-1431	158	25	.	.	PUNCT
ajeer-1431	159	1	4	4	X
ajeer-1431	159	2	.	.	X
ajeer-1431	159	3	methodology	methodology	NOUN
ajeer-1431	159	4	to	to	PART
ajeer-1431	159	5	analyze	analyze	VERB
ajeer-1431	159	6	the	the	DET
ajeer-1431	159	7	sources	source	NOUN
ajeer-1431	159	8	of	of	ADP
ajeer-1431	159	9	current	current	ADJ
ajeer-1431	159	10	account	account	NOUN
ajeer-1431	159	11	fluctuations	fluctuation	NOUN
ajeer-1431	159	12	in	in	ADP
ajeer-1431	159	13	waemu	waemu	NOUN
ajeer-1431	159	14	following	follow	VERB
ajeer-1431	159	15	the	the	DET
ajeer-1431	159	16	inter	inter	ADJ
ajeer-1431	159	17	-	-	ADJ
ajeer-1431	159	18	temporal	temporal	ADJ
ajeer-1431	159	19	approach	approach	NOUN
ajeer-1431	159	20	,	,	PUNCT
ajeer-1431	159	21	we	we	PRON
ajeer-1431	159	22	use	use	VERB
ajeer-1431	159	23	an	an	DET
ajeer-1431	159	24	autoregressive	autoregressive	ADJ
ajeer-1431	159	25	vector	vector	NOUN
ajeer-1431	159	26	model	model	NOUN
ajeer-1431	159	27	that	that	PRON
ajeer-1431	159	28	directly	directly	ADV
ajeer-1431	159	29	integrates	integrate	VERB
ajeer-1431	159	30	the	the	DET
ajeer-1431	159	31	long	long	ADJ
ajeer-1431	159	32	-	-	PUNCT
ajeer-1431	159	33	term	term	NOUN
ajeer-1431	159	34	restrictions	restriction	NOUN
ajeer-1431	159	35	imposed	impose	VERB
ajeer-1431	159	36	by	by	ADP
ajeer-1431	159	37	this	this	DET
ajeer-1431	159	38	approach	approach	NOUN
ajeer-1431	159	39	.	.	PUNCT
ajeer-1431	160	1	4.1	4.1	NUM
ajeer-1431	160	2	.	.	PUNCT
ajeer-1431	161	1	the	the	DET
ajeer-1431	161	2	theoretical	theoretical	ADJ
ajeer-1431	161	3	model	model	NOUN
ajeer-1431	161	4	our	our	PRON
ajeer-1431	161	5	model	model	NOUN
ajeer-1431	161	6	for	for	ADP
ajeer-1431	161	7	analyzing	analyze	VERB
ajeer-1431	161	8	sources	source	NOUN
ajeer-1431	161	9	of	of	ADP
ajeer-1431	161	10	current	current	ADJ
ajeer-1431	161	11	account	account	NOUN
ajeer-1431	161	12	fluctuations	fluctuation	NOUN
ajeer-1431	161	13	in	in	ADP
ajeer-1431	161	14	waemu	waemu	PROPN
ajeer-1431	161	15	is	be	AUX
ajeer-1431	161	16	inspired	inspire	VERB
ajeer-1431	161	17	by	by	ADP
ajeer-1431	161	18	the	the	DET
ajeer-1431	161	19	work	work	NOUN
ajeer-1431	161	20	of	of	ADP
ajeer-1431	161	21	kano	kano	PROPN
ajeer-1431	161	22	(	(	PUNCT
ajeer-1431	161	23	2003	2003	NUM
ajeer-1431	161	24	)	)	PUNCT
ajeer-1431	161	25	.	.	PUNCT
ajeer-1431	162	1	we	we	PRON
ajeer-1431	162	2	consider	consider	VERB
ajeer-1431	162	3	a	a	DET
ajeer-1431	162	4	small	small	ADJ
ajeer-1431	162	5	open	open	ADJ
ajeer-1431	162	6	economy	economy	NOUN
ajeer-1431	162	7	with	with	ADP
ajeer-1431	162	8	a	a	DET
ajeer-1431	162	9	representative	representative	ADJ
ajeer-1431	162	10	agent	agent	NOUN
ajeer-1431	162	11	whose	whose	DET
ajeer-1431	162	12	life	life	NOUN
ajeer-1431	162	13	is	be	AUX
ajeer-1431	162	14	infinite	infinite	ADJ
ajeer-1431	162	15	.	.	PUNCT
ajeer-1431	163	1	let	let	AUX
ajeer-1431	163	2	(	(	PUNCT
ajeer-1431	163	3	ct	ct	X
ajeer-1431	163	4	)	)	PUNCT
ajeer-1431	163	5	be	be	VERB
ajeer-1431	163	6	the	the	DET
ajeer-1431	163	7	consumption	consumption	NOUN
ajeer-1431	163	8	of	of	ADP
ajeer-1431	163	9	the	the	DET
ajeer-1431	163	10	representative	representative	ADJ
ajeer-1431	163	11	agent	agent	NOUN
ajeer-1431	163	12	at	at	ADP
ajeer-1431	163	13	period	period	NOUN
ajeer-1431	163	14	t	t	NOUN
ajeer-1431	163	15	and	and	CCONJ
ajeer-1431	163	16	u	u	PROPN
ajeer-1431	163	17	(	(	PUNCT
ajeer-1431	163	18	ct	ct	PROPN
ajeer-1431	163	19	)	)	PUNCT
ajeer-1431	163	20	be	be	AUX
ajeer-1431	163	21	its	its	PRON
ajeer-1431	163	22	utility	utility	NOUN
ajeer-1431	163	23	function	function	NOUN
ajeer-1431	163	24	at	at	ADP
ajeer-1431	163	25	time	time	NOUN
ajeer-1431	163	26	t.	t.	PROPN
ajeer-1431	163	27	this	this	PRON
ajeer-1431	163	28	is	be	AUX
ajeer-1431	163	29	defined	define	VERB
ajeer-1431	163	30	as	as	SCONJ
ajeer-1431	163	31	follows	follow	VERB
ajeer-1431	163	32	:	:	PUNCT
ajeer-1431	163	33	(	(	PUNCT
ajeer-1431	163	34	)	)	PUNCT
ajeer-1431	163	35	∑	∑	PUNCT
ajeer-1431	163	36	(	(	PUNCT
ajeer-1431	163	37	)	)	PUNCT
ajeer-1431	163	38	(	(	PUNCT
ajeer-1431	163	39	4	4	NUM
ajeer-1431	163	40	)	)	PUNCT
ajeer-1431	163	41	(	(	PUNCT
ajeer-1431	163	42	et	et	NOUN
ajeer-1431	163	43	)	)	PUNCT
ajeer-1431	163	44	is	be	AUX
ajeer-1431	163	45	the	the	DET
ajeer-1431	163	46	operator	operator	NOUN
ajeer-1431	163	47	of	of	ADP
ajeer-1431	163	48	the	the	DET
ajeer-1431	163	49	mathematical	mathematical	ADJ
ajeer-1431	163	50	expectation	expectation	NOUN
ajeer-1431	163	51	of	of	ADP
ajeer-1431	163	52	information	information	NOUN
ajeer-1431	163	53	available	available	ADJ
ajeer-1431	163	54	at	at	ADP
ajeer-1431	163	55	time	time	NOUN
ajeer-1431	163	56	(	(	PUNCT
ajeer-1431	163	57	t	t	NOUN
ajeer-1431	163	58	)	)	PUNCT
ajeer-1431	163	59	.	.	PUNCT
ajeer-1431	164	1	let	let	VERB
ajeer-1431	164	2	at	at	ADP
ajeer-1431	164	3	,	,	PUNCT
ajeer-1431	164	4	yt	yt	INTJ
ajeer-1431	164	5	,	,	PUNCT
ajeer-1431	164	6	it	it	PRON
ajeer-1431	164	7	and	and	CCONJ
ajeer-1431	164	8	gt	gt	PROPN
ajeer-1431	164	9	respectively	respectively	ADV
ajeer-1431	164	10	be	be	VERB
ajeer-1431	164	11	external	external	ADJ
ajeer-1431	164	12	assets	asset	NOUN
ajeer-1431	164	13	,	,	PUNCT
ajeer-1431	164	14	production	production	NOUN
ajeer-1431	164	15	,	,	PUNCT
ajeer-1431	164	16	investment	investment	NOUN
ajeer-1431	164	17	and	and	CCONJ
ajeer-1431	164	18	government	government	NOUN
ajeer-1431	164	19	expenditures	expenditure	NOUN
ajeer-1431	164	20	.	.	PUNCT
ajeer-1431	165	1	the	the	DET
ajeer-1431	165	2	representative	representative	ADJ
ajeer-1431	165	3	agent	agent	NOUN
ajeer-1431	165	4	maximizes	maximize	VERB
ajeer-1431	165	5	its	its	PRON
ajeer-1431	165	6	utility	utility	NOUN
ajeer-1431	165	7	equation	equation	NOUN
ajeer-1431	165	8	4	4	NUM
ajeer-1431	165	9	under	under	ADP
ajeer-1431	165	10	the	the	DET
ajeer-1431	165	11	following	follow	VERB
ajeer-1431	165	12	budget	budget	NOUN
ajeer-1431	165	13	constraint	constraint	NOUN
ajeer-1431	165	14	:	:	PUNCT
ajeer-1431	165	15	(	(	PUNCT
ajeer-1431	165	16	)	)	PUNCT
ajeer-1431	165	17	(	(	PUNCT
ajeer-1431	165	18	)	)	PUNCT
ajeer-1431	165	19	the	the	DET
ajeer-1431	165	20	first	first	ADJ
ajeer-1431	165	21	order	order	NOUN
ajeer-1431	165	22	and	and	CCONJ
ajeer-1431	165	23	transversality	transversality	NOUN
ajeer-1431	165	24	conditions	condition	NOUN
ajeer-1431	165	25	are	be	AUX
ajeer-1431	165	26	given	give	VERB
ajeer-1431	165	27	by	by	ADP
ajeer-1431	165	28	equations	equation	NOUN
ajeer-1431	165	29	6	6	NUM
ajeer-1431	165	30	and	and	CCONJ
ajeer-1431	165	31	7	7	NUM
ajeer-1431	165	32	:	:	PUNCT
ajeer-1431	165	33	(	(	PUNCT
ajeer-1431	165	34	)	)	PUNCT
ajeer-1431	166	1	[	[	X
ajeer-1431	166	2	(	(	PUNCT
ajeer-1431	166	3	)	)	PUNCT
ajeer-1431	166	4	(	(	PUNCT
ajeer-1431	166	5	)	)	PUNCT
ajeer-1431	166	6	]	]	PUNCT
ajeer-1431	166	7	(	(	PUNCT
ajeer-1431	166	8	6	6	NUM
ajeer-1431	166	9	)	)	PUNCT
ajeer-1431	166	10	with	with	ADP
ajeer-1431	166	11	(	(	PUNCT
ajeer-1431	166	12	)	)	PUNCT
ajeer-1431	166	13	.	.	PUNCT
ajeer-1431	167	1	condition	condition	NOUN
ajeer-1431	167	2	(	(	PUNCT
ajeer-1431	167	3	7	7	X
ajeer-1431	167	4	)	)	PUNCT
ajeer-1431	167	5	states	state	VERB
ajeer-1431	167	6	that	that	SCONJ
ajeer-1431	167	7	the	the	DET
ajeer-1431	167	8	present	present	ADJ
ajeer-1431	167	9	value	value	NOUN
ajeer-1431	167	10	of	of	ADP
ajeer-1431	167	11	the	the	DET
ajeer-1431	167	12	country	country	NOUN
ajeer-1431	167	13	's	's	PART
ajeer-1431	167	14	net	net	ADJ
ajeer-1431	167	15	foreign	foreign	ADJ
ajeer-1431	167	16	assets	asset	NOUN
ajeer-1431	167	17	tends	tend	VERB
ajeer-1431	167	18	to	to	ADP
ajeer-1431	167	19	0	0	NUM
ajeer-1431	167	20	.	.	PUNCT
ajeer-1431	168	1	in	in	ADP
ajeer-1431	168	2	other	other	ADJ
ajeer-1431	168	3	words	word	NOUN
ajeer-1431	168	4	,	,	PUNCT
ajeer-1431	168	5	over	over	ADP
ajeer-1431	168	6	an	an	DET
ajeer-1431	168	7	infinite	infinite	ADJ
ajeer-1431	168	8	time	time	NOUN
ajeer-1431	168	9	horizon	horizon	NOUN
ajeer-1431	168	10	,	,	PUNCT
ajeer-1431	168	11	the	the	DET
ajeer-1431	168	12	economy	economy	NOUN
ajeer-1431	168	13	uses	use	VERB
ajeer-1431	168	14	all	all	DET
ajeer-1431	168	15	the	the	DET
ajeer-1431	168	16	resources	resource	NOUN
ajeer-1431	168	17	available	available	ADJ
ajeer-1431	168	18	to	to	ADP
ajeer-1431	168	19	it	it	PRON
ajeer-1431	168	20	.	.	PUNCT
ajeer-1431	169	1	rt	rt	PROPN
ajeer-1431	169	2	is	be	AUX
ajeer-1431	169	3	the	the	DET
ajeer-1431	169	4	discount	discount	NOUN
ajeer-1431	169	5	factor	factor	NOUN
ajeer-1431	169	6	of	of	ADP
ajeer-1431	169	7	the	the	DET
ajeer-1431	169	8	market	market	NOUN
ajeer-1431	169	9	at	at	ADP
ajeer-1431	169	10	period	period	NOUN
ajeer-1431	169	11	t	t	PROPN
ajeer-1431	169	12	,	,	PUNCT
ajeer-1431	169	13	for	for	ADP
ajeer-1431	169	14	the	the	DET
ajeer-1431	169	15	consumption	consumption	NOUN
ajeer-1431	169	16	horizon	horizon	NOUN
ajeer-1431	169	17	t	t	PROPN
ajeer-1431	170	1	+	+	CCONJ
ajeer-1431	170	2	i	i	PRON
ajeer-1431	170	3	,	,	PUNCT
ajeer-1431	170	4	it	it	PRON
ajeer-1431	170	5	is	be	AUX
ajeer-1431	170	6	defined	define	VERB
ajeer-1431	170	7	as	as	SCONJ
ajeer-1431	170	8	follows	follow	VERB
ajeer-1431	170	9	in	in	ADP
ajeer-1431	170	10	equation	equation	NOUN
ajeer-1431	170	11	8	8	NUM
ajeer-1431	170	12	:	:	PUNCT
ajeer-1431	170	13	{	{	PUNCT
ajeer-1431	170	14	(	(	PUNCT
ajeer-1431	170	15	(	(	PUNCT
ajeer-1431	170	16	)	)	PUNCT
ajeer-1431	170	17	)	)	PUNCT
ajeer-1431	171	1	⁄	⁄	PROPN
ajeer-1431	171	2	(	(	PUNCT
ajeer-1431	171	3	)	)	PUNCT
ajeer-1431	171	4	let	let	VERB
ajeer-1431	171	5	’s	’s	NOUN
ajeer-1431	171	6	note	note	VERB
ajeer-1431	171	7	,	,	PUNCT
ajeer-1431	171	8	net	net	ADJ
ajeer-1431	171	9	production	production	NOUN
ajeer-1431	171	10	.	.	PUNCT
ajeer-1431	172	1	taking	take	VERB
ajeer-1431	172	2	into	into	ADP
ajeer-1431	172	3	account	account	NOUN
ajeer-1431	172	4	the	the	DET
ajeer-1431	172	5	consumer	consumer	NOUN
ajeer-1431	172	6	budget	budget	NOUN
ajeer-1431	172	7	constraint	constraint	NOUN
ajeer-1431	172	8	equation	equation	NOUN
ajeer-1431	172	9	5	5	NUM
ajeer-1431	172	10	and	and	CCONJ
ajeer-1431	172	11	using	use	VERB
ajeer-1431	172	12	the	the	DET
ajeer-1431	172	13	condition	condition	NOUN
ajeer-1431	172	14	of	of	ADP
ajeer-1431	172	15	transversality	transversality	NOUN
ajeer-1431	172	16	equation	equation	NOUN
ajeer-1431	172	17	7	7	NUM
ajeer-1431	172	18	,	,	PUNCT
ajeer-1431	172	19	we	we	PRON
ajeer-1431	172	20	have	have	VERB
ajeer-1431	172	21	the	the	DET
ajeer-1431	172	22	ex	ex	NOUN
ajeer-1431	172	23	-	-	NOUN
ajeer-1431	172	24	ante	ante	ADJ
ajeer-1431	172	25	inter	inter	ADJ
ajeer-1431	172	26	-	-	ADJ
ajeer-1431	172	27	temporal	temporal	ADJ
ajeer-1431	172	28	budgetary	budgetary	ADJ
ajeer-1431	172	29	constraint	constraint	NOUN
ajeer-1431	172	30	of	of	ADP
ajeer-1431	172	31	the	the	DET
ajeer-1431	172	32	consumer	consumer	NOUN
ajeer-1431	172	33	:	:	PUNCT
ajeer-1431	172	34	∑	∑	PUNCT
ajeer-1431	172	35	(	(	PUNCT
ajeer-1431	172	36	)	)	PUNCT
ajeer-1431	172	37	∑	∑	PUNCT
ajeer-1431	172	38	(	(	PUNCT
ajeer-1431	172	39	)	)	PUNCT
ajeer-1431	172	40	from	from	ADP
ajeer-1431	172	41	the	the	DET
ajeer-1431	172	42	equation	equation	NOUN
ajeer-1431	172	43	9	9	NUM
ajeer-1431	172	44	of	of	ADP
ajeer-1431	172	45	the	the	DET
ajeer-1431	172	46	inter	inter	ADJ
ajeer-1431	172	47	-	-	ADJ
ajeer-1431	172	48	temporal	temporal	ADJ
ajeer-1431	172	49	budget	budget	NOUN
ajeer-1431	172	50	constraint	constraint	NOUN
ajeer-1431	172	51	and	and	CCONJ
ajeer-1431	172	52	the	the	DET
ajeer-1431	172	53	transversality	transversality	NOUN
ajeer-1431	172	54	condition	condition	NOUN
ajeer-1431	172	55	in	in	ADP
ajeer-1431	172	56	equation	equation	NOUN
ajeer-1431	172	57	7	7	NUM
ajeer-1431	172	58	,	,	PUNCT
ajeer-1431	172	59	we	we	PRON
ajeer-1431	172	60	can	can	AUX
ajeer-1431	172	61	define	define	VERB
ajeer-1431	172	62	the	the	DET
ajeer-1431	172	63	approximate	approximate	ADJ
ajeer-1431	172	64	solution	solution	NOUN
ajeer-1431	172	65	of	of	ADP
ajeer-1431	172	66	the	the	DET
ajeer-1431	172	67	ratio	ratio	NOUN
ajeer-1431	172	68	of	of	ADP
ajeer-1431	172	69	the	the	DET
ajeer-1431	172	70	current	current	ADJ
ajeer-1431	172	71	account	account	NOUN
ajeer-1431	172	72	to	to	ADP
ajeer-1431	172	73	the	the	DET
ajeer-1431	172	74	net	net	ADJ
ajeer-1431	172	75	output	output	NOUN
ajeer-1431	172	76	as	as	SCONJ
ajeer-1431	172	77	follows	follow	VERB
ajeer-1431	172	78	(	(	PUNCT
ajeer-1431	172	79	see	see	VERB
ajeer-1431	172	80	kano	kano	PROPN
ajeer-1431	172	81	(	(	PUNCT
ajeer-1431	172	82	2003	2003	NUM
ajeer-1431	172	83	)	)	PUNCT
ajeer-1431	172	84	):	):	PUNCT
ajeer-1431	173	1	̀	̀	VERB
ajeer-1431	173	2	[	[	X
ajeer-1431	173	3	(	(	PUNCT
ajeer-1431	173	4	)	)	PUNCT
ajeer-1431	173	5	]	]	PUNCT
ajeer-1431	173	6	∑	∑	PUNCT
ajeer-1431	173	7	̀	̀	VERB
ajeer-1431	173	8	∑	∑	PROPN
ajeer-1431	173	9	(	(	PUNCT
ajeer-1431	173	10	)	)	PUNCT
ajeer-1431	173	11	equation	equation	NOUN
ajeer-1431	173	12	10	10	NUM
ajeer-1431	173	13	is	be	AUX
ajeer-1431	173	14	the	the	DET
ajeer-1431	173	15	linearized	linearize	VERB
ajeer-1431	173	16	log	log	NOUN
ajeer-1431	173	17	version	version	NOUN
ajeer-1431	173	18	of	of	ADP
ajeer-1431	173	19	the	the	DET
ajeer-1431	173	20	current	current	ADJ
ajeer-1431	173	21	account	account	NOUN
ajeer-1431	173	22	ratio	ratio	NOUN
ajeer-1431	173	23	on	on	ADP
ajeer-1431	173	24	net	net	ADJ
ajeer-1431	173	25	output	output	NOUN
ajeer-1431	173	26	.	.	PUNCT
ajeer-1431	174	1	it	it	PRON
ajeer-1431	174	2	highlights	highlight	VERB
ajeer-1431	174	3	the	the	DET
ajeer-1431	174	4	role	role	NOUN
ajeer-1431	174	5	of	of	ADP
ajeer-1431	174	6	the	the	DET
ajeer-1431	174	7	current	current	ADJ
ajeer-1431	174	8	account	account	NOUN
ajeer-1431	174	9	in	in	ADP
ajeer-1431	174	10	smoothing	smooth	VERB
ajeer-1431	174	11	the	the	DET
ajeer-1431	174	12	consumption	consumption	NOUN
ajeer-1431	174	13	of	of	ADP
ajeer-1431	174	14	private	private	ADJ
ajeer-1431	174	15	agents	agent	NOUN
ajeer-1431	174	16	through	through	ADP
ajeer-1431	174	17	its	its	PRON
ajeer-1431	174	18	relationship	relationship	NOUN
ajeer-1431	174	19	with	with	ADP
ajeer-1431	174	20	three	three	NUM
ajeer-1431	174	21	factors	factor	NOUN
ajeer-1431	174	22	.	.	PUNCT
ajeer-1431	175	1	the	the	DET
ajeer-1431	175	2	first	first	ADJ
ajeer-1431	175	3	factor	factor	NOUN
ajeer-1431	175	4	is	be	AUX
ajeer-1431	175	5	the	the	DET
ajeer-1431	175	6	international	international	ADJ
ajeer-1431	175	7	interest	interest	NOUN
ajeer-1431	175	8	rate	rate	NOUN
ajeer-1431	175	9	.	.	PUNCT
ajeer-1431	176	1	a	a	DET
ajeer-1431	176	2	variation	variation	NOUN
ajeer-1431	176	3	of	of	ADP
ajeer-1431	176	4	the	the	DET
ajeer-1431	176	5	latter	latter	NOUN
ajeer-1431	176	6	has	have	VERB
ajeer-1431	176	7	an	an	DET
ajeer-1431	176	8	impact	impact	NOUN
ajeer-1431	176	9	on	on	ADP
ajeer-1431	176	10	the	the	DET
ajeer-1431	176	11	interest	interest	NOUN
ajeer-1431	176	12	payments	payment	NOUN
ajeer-1431	176	13	on	on	ADP
ajeer-1431	176	14	the	the	DET
ajeer-1431	176	15	debt	debt	NOUN
ajeer-1431	176	16	.	.	PUNCT
ajeer-1431	177	1	but	but	CCONJ
ajeer-1431	177	2	the	the	DET
ajeer-1431	177	3	nature	nature	NOUN
ajeer-1431	177	4	of	of	ADP
ajeer-1431	177	5	this	this	DET
ajeer-1431	177	6	impact	impact	NOUN
ajeer-1431	177	7	depends	depend	VERB
ajeer-1431	177	8	on	on	ADP
ajeer-1431	177	9	the	the	DET
ajeer-1431	177	10	net	net	ADJ
ajeer-1431	177	11	external	external	ADJ
ajeer-1431	177	12	position	position	NOUN
ajeer-1431	177	13	of	of	ADP
ajeer-1431	177	14	the	the	DET
ajeer-1431	177	15	economy	economy	NOUN
ajeer-1431	177	16	in	in	ADP
ajeer-1431	177	17	question	question	NOUN
ajeer-1431	177	18	.	.	PUNCT
ajeer-1431	178	1	if	if	SCONJ
ajeer-1431	178	2	the	the	DET
ajeer-1431	178	3	economy	economy	NOUN
ajeer-1431	178	4	is	be	AUX
ajeer-1431	178	5	debtor	debtor	NOUN
ajeer-1431	178	6	,	,	PUNCT
ajeer-1431	178	7	which	which	PRON
ajeer-1431	178	8	is	be	AUX
ajeer-1431	178	9	the	the	DET
ajeer-1431	178	10	case	case	NOUN
ajeer-1431	178	11	of	of	ADP
ajeer-1431	178	12	several	several	ADJ
ajeer-1431	178	13	developing	develop	VERB
ajeer-1431	178	14	countries	country	NOUN
ajeer-1431	178	15	,	,	PUNCT
ajeer-1431	178	16	particularly	particularly	ADV
ajeer-1431	178	17	those	those	PRON
ajeer-1431	178	18	of	of	ADP
ajeer-1431	178	19	waemu	waemu	NOUN
ajeer-1431	178	20	,	,	PUNCT
ajeer-1431	178	21	a	a	DET
ajeer-1431	178	22	rise	rise	NOUN
ajeer-1431	178	23	in	in	ADP
ajeer-1431	178	24	the	the	DET
ajeer-1431	178	25	world	world	NOUN
ajeer-1431	178	26	interest	interest	NOUN
ajeer-1431	178	27	rate	rate	NOUN
ajeer-1431	178	28	(	(	PUNCT
ajeer-1431	178	29	r	r	NOUN
ajeer-1431	178	30	)	)	PUNCT
ajeer-1431	178	31	results	result	NOUN
ajeer-1431	178	32	in	in	ADP
ajeer-1431	178	33	an	an	DET
ajeer-1431	178	34	increase	increase	NOUN
ajeer-1431	178	35	in	in	ADP
ajeer-1431	178	36	the	the	DET
ajeer-1431	178	37	interest	interest	NOUN
ajeer-1431	178	38	payable	payable	ADJ
ajeer-1431	178	39	to	to	ADP
ajeer-1431	178	40	the	the	DET
ajeer-1431	178	41	rest	rest	NOUN
ajeer-1431	178	42	of	of	ADP
ajeer-1431	178	43	the	the	DET
ajeer-1431	178	44	world	world	NOUN
ajeer-1431	178	45	.	.	PUNCT
ajeer-1431	179	1	the	the	DET
ajeer-1431	179	2	consumer	consumer	NOUN
ajeer-1431	179	3	anticipates	anticipate	VERB
ajeer-1431	179	4	the	the	DET
ajeer-1431	179	5	payment	payment	NOUN
ajeer-1431	179	6	of	of	ADP
ajeer-1431	179	7	this	this	DET
ajeer-1431	179	8	additional	additional	ADJ
ajeer-1431	179	9	interest	interest	NOUN
ajeer-1431	179	10	through	through	ADP
ajeer-1431	179	11	a	a	DET
ajeer-1431	179	12	new	new	ADJ
ajeer-1431	179	13	tax	tax	NOUN
ajeer-1431	179	14	.	.	PUNCT
ajeer-1431	180	1	from	from	ADP
ajeer-1431	180	2	then	then	ADV
ajeer-1431	180	3	on	on	ADV
ajeer-1431	180	4	,	,	PUNCT
ajeer-1431	180	5	he	he	PRON
ajeer-1431	180	6	will	will	AUX
ajeer-1431	180	7	smooth	smooth	VERB
ajeer-1431	180	8	his	his	PRON
ajeer-1431	180	9	consumption	consumption	NOUN
ajeer-1431	180	10	according	accord	VERB
ajeer-1431	180	11	to	to	ADP
ajeer-1431	180	12	his	his	PRON
ajeer-1431	180	13	level	level	NOUN
ajeer-1431	180	14	of	of	ADP
ajeer-1431	180	15	wealth	wealth	NOUN
ajeer-1431	180	16	.	.	PUNCT
ajeer-1431	181	1	this	this	PRON
ajeer-1431	181	2	changes	change	VERB
ajeer-1431	181	3	the	the	DET
ajeer-1431	181	4	ratio	ratio	NOUN
ajeer-1431	181	5	of	of	ADP
ajeer-1431	181	6	the	the	DET
ajeer-1431	181	7	current	current	ADJ
ajeer-1431	181	8	account	account	NOUN
ajeer-1431	181	9	to	to	ADP
ajeer-1431	181	10	the	the	DET
ajeer-1431	181	11	net	net	ADJ
ajeer-1431	181	12	output	output	NOUN
ajeer-1431	181	13	.	.	PUNCT
ajeer-1431	182	1	the	the	DET
ajeer-1431	182	2	second	second	ADJ
ajeer-1431	182	3	factor	factor	NOUN
ajeer-1431	182	4	affecting	affect	VERB
ajeer-1431	182	5	the	the	DET
ajeer-1431	182	6	ratio	ratio	NOUN
ajeer-1431	182	7	of	of	ADP
ajeer-1431	182	8	current	current	ADJ
ajeer-1431	182	9	account	account	NOUN
ajeer-1431	182	10	to	to	ADP
ajeer-1431	182	11	net	net	ADJ
ajeer-1431	182	12	output	output	NOUN
ajeer-1431	182	13	is	be	AUX
ajeer-1431	182	14	related	relate	VERB
ajeer-1431	182	15	to	to	ADP
ajeer-1431	182	16	inter	inter	ADJ
ajeer-1431	182	17	-	-	ADJ
ajeer-1431	182	18	temporal	temporal	ADJ
ajeer-1431	182	19	substitution	substitution	NOUN
ajeer-1431	182	20	and	and	CCONJ
ajeer-1431	182	21	wealth	wealth	NOUN
ajeer-1431	182	22	effects	effect	NOUN
ajeer-1431	182	23	.	.	PUNCT
ajeer-1431	183	1	in	in	ADP
ajeer-1431	183	2	fact	fact	NOUN
ajeer-1431	183	3	,	,	PUNCT
ajeer-1431	183	4	by	by	ADP
ajeer-1431	183	5	varying	vary	VERB
ajeer-1431	183	6	,	,	PUNCT
ajeer-1431	183	7	the	the	DET
ajeer-1431	183	8	international	international	ADJ
ajeer-1431	183	9	interest	interest	NOUN
ajeer-1431	183	10	rate	rate	NOUN
ajeer-1431	183	11	forces	force	NOUN
ajeer-1431	183	12	the	the	DET
ajeer-1431	183	13	representative	representative	ADJ
ajeer-1431	183	14	agent	agent	NOUN
ajeer-1431	183	15	to	to	PART
ajeer-1431	183	16	deviate	deviate	VERB
ajeer-1431	183	17	consumption	consumption	NOUN
ajeer-1431	183	18	from	from	ADP
ajeer-1431	183	19	its	its	PRON
ajeer-1431	183	20	initial	initial	ADJ
ajeer-1431	183	21	trajectory	trajectory	NOUN
ajeer-1431	183	22	.	.	PUNCT
ajeer-1431	184	1	so	so	ADV
ajeer-1431	184	2	,	,	PUNCT
ajeer-1431	184	3	on	on	ADP
ajeer-1431	184	4	the	the	DET
ajeer-1431	184	5	one	one	NUM
ajeer-1431	184	6	hand	hand	NOUN
ajeer-1431	184	7	,	,	PUNCT
ajeer-1431	184	8	there	there	PRON
ajeer-1431	184	9	is	be	VERB
ajeer-1431	184	10	an	an	DET
ajeer-1431	184	11	inter	inter	ADJ
ajeer-1431	184	12	-	-	ADJ
ajeer-1431	184	13	temporal	temporal	ADJ
ajeer-1431	184	14	substitution	substitution	NOUN
ajeer-1431	184	15	effect	effect	NOUN
ajeer-1431	184	16	between	between	ADP
ajeer-1431	184	17	consumption	consumption	NOUN
ajeer-1431	184	18	and	and	CCONJ
ajeer-1431	184	19	savings	saving	NOUN
ajeer-1431	184	20	and	and	CCONJ
ajeer-1431	184	21	,	,	PUNCT
ajeer-1431	184	22	on	on	ADP
ajeer-1431	184	23	the	the	DET
ajeer-1431	184	24	other	other	ADJ
ajeer-1431	184	25	hand	hand	NOUN
ajeer-1431	184	26	,	,	PUNCT
ajeer-1431	184	27	a	a	DET
ajeer-1431	184	28	net	net	ADJ
ajeer-1431	184	29	enrichment	enrichment	NOUN
ajeer-1431	184	30	effect	effect	NOUN
ajeer-1431	184	31	.	.	PUNCT
ajeer-1431	185	1	as	as	ADP
ajeer-1431	185	2	a	a	DET
ajeer-1431	185	3	result	result	NOUN
ajeer-1431	185	4	,	,	PUNCT
ajeer-1431	185	5	the	the	DET
ajeer-1431	185	6	current	current	ADJ
ajeer-1431	185	7	account	account	NOUN
ajeer-1431	185	8	to	to	ADP
ajeer-1431	185	9	net	net	ADJ
ajeer-1431	185	10	production	production	NOUN
ajeer-1431	185	11	ratio	ratio	NOUN
ajeer-1431	185	12	is	be	AUX
ajeer-1431	185	13	also	also	ADV
ajeer-1431	185	14	changed	change	VERB
ajeer-1431	185	15	.	.	PUNCT
ajeer-1431	186	1	finally	finally	ADV
ajeer-1431	186	2	,	,	PUNCT
ajeer-1431	186	3	the	the	DET
ajeer-1431	186	4	third	third	ADJ
ajeer-1431	186	5	factor	factor	NOUN
ajeer-1431	186	6	expresses	express	VERB
ajeer-1431	186	7	the	the	DET
ajeer-1431	186	8	smoothing	smoothing	NOUN
ajeer-1431	186	9	of	of	ADP
ajeer-1431	186	10	consumption	consumption	NOUN
ajeer-1431	186	11	by	by	ADP
ajeer-1431	186	12	the	the	DET
ajeer-1431	186	13	representative	representative	ADJ
ajeer-1431	186	14	agent	agent	NOUN
ajeer-1431	186	15	following	follow	VERB
ajeer-1431	186	16	a	a	DET
ajeer-1431	186	17	modification	modification	NOUN
ajeer-1431	186	18	of	of	ADP
ajeer-1431	186	19	its	its	PRON
ajeer-1431	186	20	expectations	expectation	NOUN
ajeer-1431	186	21	on	on	ADP
ajeer-1431	186	22	the	the	DET
ajeer-1431	186	23	growth	growth	NOUN
ajeer-1431	186	24	of	of	ADP
ajeer-1431	186	25	net	net	ADJ
ajeer-1431	186	26	output	output	NOUN
ajeer-1431	186	27	.	.	PUNCT
ajeer-1431	187	1	if	if	SCONJ
ajeer-1431	187	2	in	in	ADP
ajeer-1431	187	3	his	his	PRON
ajeer-1431	187	4	expectations	expectation	NOUN
ajeer-1431	187	5	he	he	PRON
ajeer-1431	187	6	foresees	foresee	VERB
ajeer-1431	187	7	a	a	DET
ajeer-1431	187	8	rise	rise	NOUN
ajeer-1431	187	9	in	in	ADP
ajeer-1431	187	10	income	income	NOUN
ajeer-1431	187	11	,	,	PUNCT
ajeer-1431	187	12	the	the	DET
ajeer-1431	187	13	representative	representative	ADJ
ajeer-1431	187	14	agent	agent	NOUN
ajeer-1431	187	15	increases	increase	VERB
ajeer-1431	187	16	his	his	PRON
ajeer-1431	187	17	consumption	consumption	NOUN
ajeer-1431	187	18	to	to	ADP
ajeer-1431	187	19	the	the	DET
ajeer-1431	187	20	detriment	detriment	NOUN
ajeer-1431	187	21	of	of	ADP
ajeer-1431	187	22	savings	saving	NOUN
ajeer-1431	187	23	.	.	PUNCT
ajeer-1431	188	1	on	on	ADP
ajeer-1431	188	2	the	the	DET
ajeer-1431	188	3	other	other	ADJ
ajeer-1431	188	4	hand	hand	NOUN
ajeer-1431	188	5	,	,	PUNCT
ajeer-1431	188	6	if	if	SCONJ
ajeer-1431	188	7	he	he	PRON
ajeer-1431	188	8	foresees	foresee	VERB
ajeer-1431	188	9	a	a	DET
ajeer-1431	188	10	fall	fall	NOUN
ajeer-1431	188	11	in	in	ADP
ajeer-1431	188	12	income	income	NOUN
ajeer-1431	188	13	,	,	PUNCT
ajeer-1431	188	14	the	the	DET
ajeer-1431	188	15	consumer	consumer	NOUN
ajeer-1431	188	16	sets	set	VERB
ajeer-1431	188	17	up	up	ADP
ajeer-1431	188	18	precautionary	precautionary	ADJ
ajeer-1431	188	19	savings	saving	NOUN
ajeer-1431	188	20	while	while	SCONJ
ajeer-1431	188	21	giving	give	VERB
ajeer-1431	188	22	up	up	ADP
ajeer-1431	188	23	certain	certain	ADJ
ajeer-1431	188	24	expenses	expense	NOUN
ajeer-1431	188	25	.	.	PUNCT
ajeer-1431	189	1	the	the	DET
ajeer-1431	189	2	current	current	ADJ
ajeer-1431	189	3	account	account	NOUN
ajeer-1431	189	4	balance	balance	NOUN
ajeer-1431	189	5	of	of	ADP
ajeer-1431	189	6	the	the	DET
ajeer-1431	189	7	country	country	NOUN
ajeer-1431	189	8	then	then	ADV
ajeer-1431	189	9	depends	depend	VERB
ajeer-1431	189	10	on	on	ADP
ajeer-1431	189	11	the	the	DET
ajeer-1431	189	12	income	income	NOUN
ajeer-1431	189	13	expectations	expectation	NOUN
ajeer-1431	189	14	of	of	ADP
ajeer-1431	189	15	the	the	DET
ajeer-1431	189	16	consumer	consumer	NOUN
ajeer-1431	189	17	.	.	PUNCT
ajeer-1431	190	1	thus	thus	ADV
ajeer-1431	190	2	,	,	PUNCT
ajeer-1431	190	3	in	in	ADP
ajeer-1431	190	4	anticipation	anticipation	NOUN
ajeer-1431	190	5	of	of	ADP
ajeer-1431	190	6	an	an	DET
ajeer-1431	190	7	increase	increase	NOUN
ajeer-1431	190	8	in	in	ADP
ajeer-1431	190	9	income	income	NOUN
ajeer-1431	190	10	,	,	PUNCT
ajeer-1431	190	11	the	the	DET
ajeer-1431	190	12	agent	agent	NOUN
ajeer-1431	190	13	consumes	consume	VERB
ajeer-1431	190	14	more	more	ADJ
ajeer-1431	190	15	;	;	PUNCT
ajeer-1431	190	16	the	the	DET
ajeer-1431	190	17	current	current	ADJ
ajeer-1431	190	18	account	account	NOUN
ajeer-1431	190	19	reacts	react	VERB
ajeer-1431	190	20	and	and	CCONJ
ajeer-1431	190	21	becomes	become	VERB
ajeer-1431	190	22	deficit	deficit	NOUN
ajeer-1431	190	23	.	.	PUNCT
ajeer-1431	191	1	the	the	DET
ajeer-1431	191	2	opposite	opposite	ADJ
ajeer-1431	191	3	effect	effect	NOUN
ajeer-1431	191	4	should	should	AUX
ajeer-1431	191	5	be	be	AUX
ajeer-1431	191	6	observed	observe	VERB
ajeer-1431	191	7	in	in	ADP
ajeer-1431	191	8	the	the	DET
ajeer-1431	191	9	context	context	NOUN
ajeer-1431	191	10	of	of	ADP
ajeer-1431	191	11	expectations	expectation	NOUN
ajeer-1431	191	12	of	of	ADP
ajeer-1431	191	13	a	a	DET
ajeer-1431	191	14	fall	fall	NOUN
ajeer-1431	191	15	in	in	ADP
ajeer-1431	191	16	income	income	NOUN
ajeer-1431	191	17	by	by	ADP
ajeer-1431	191	18	the	the	DET
ajeer-1431	191	19	representative	representative	ADJ
ajeer-1431	191	20	consumer	consumer	NOUN
ajeer-1431	191	21	.	.	PUNCT
ajeer-1431	192	1	these	these	DET
ajeer-1431	192	2	three	three	NUM
ajeer-1431	192	3	factors	factor	NOUN
ajeer-1431	192	4	explain	explain	VERB
ajeer-1431	192	5	the	the	DET
ajeer-1431	192	6	role	role	NOUN
ajeer-1431	192	7	of	of	ADP
ajeer-1431	192	8	the	the	DET
ajeer-1431	192	9	current	current	ADJ
ajeer-1431	192	10	account	account	NOUN
ajeer-1431	192	11	,	,	PUNCT
ajeer-1431	192	12	which	which	PRON
ajeer-1431	192	13	reflects	reflect	VERB
ajeer-1431	192	14	consumer	consumer	NOUN
ajeer-1431	192	15	behavior	behavior	NOUN
ajeer-1431	192	16	in	in	ADP
ajeer-1431	192	17	their	their	PRON
ajeer-1431	192	18	savings	saving	NOUN
ajeer-1431	192	19	and	and	CCONJ
ajeer-1431	192	20	investment	investment	NOUN
ajeer-1431	192	21	choices	choice	NOUN
ajeer-1431	192	22	.	.	PUNCT
ajeer-1431	193	1	4.2	4.2	NUM
ajeer-1431	193	2	.	.	PUNCT
ajeer-1431	194	1	the	the	DET
ajeer-1431	194	2	empirical	empirical	ADJ
ajeer-1431	194	3	model	model	NOUN
ajeer-1431	194	4	according	accord	VERB
ajeer-1431	194	5	to	to	ADP
ajeer-1431	194	6	the	the	DET
ajeer-1431	194	7	inter	inter	ADJ
ajeer-1431	194	8	-	-	ADJ
ajeer-1431	194	9	temporal	temporal	ADJ
ajeer-1431	194	10	approach	approach	NOUN
ajeer-1431	194	11	,	,	PUNCT
ajeer-1431	194	12	the	the	DET
ajeer-1431	194	13	current	current	ADJ
ajeer-1431	194	14	account	account	NOUN
ajeer-1431	194	15	balance	balance	NOUN
ajeer-1431	194	16	of	of	ADP
ajeer-1431	194	17	a	a	DET
ajeer-1431	194	18	small	small	ADJ
ajeer-1431	194	19	open	open	ADJ
ajeer-1431	194	20	economy	economy	NOUN
ajeer-1431	194	21	is	be	AUX
ajeer-1431	194	22	not	not	PART
ajeer-1431	194	23	influenced	influence	VERB
ajeer-1431	194	24	by	by	ADP
ajeer-1431	194	25	global	global	ADJ
ajeer-1431	194	26	shocks	shock	NOUN
ajeer-1431	194	27	but	but	CCONJ
ajeer-1431	194	28	rather	rather	ADV
ajeer-1431	194	29	by	by	ADP
ajeer-1431	194	30	domestic	domestic	ADJ
ajeer-1431	194	31	shocks	shock	NOUN
ajeer-1431	194	32	.	.	PUNCT
ajeer-1431	195	1	but	but	CCONJ
ajeer-1431	195	2	the	the	DET
ajeer-1431	195	3	impact	impact	NOUN
ajeer-1431	195	4	of	of	ADP
ajeer-1431	195	5	these	these	DET
ajeer-1431	195	6	domestic	domestic	ADJ
ajeer-1431	195	7	shocks	shock	NOUN
ajeer-1431	195	8	also	also	ADV
ajeer-1431	195	9	depends	depend	VERB
ajeer-1431	195	10	on	on	ADP
ajeer-1431	195	11	their	their	PRON
ajeer-1431	195	12	persistence	persistence	NOUN
ajeer-1431	195	13	.	.	PUNCT
ajeer-1431	196	1	this	this	PRON
ajeer-1431	196	2	leads	lead	VERB
ajeer-1431	196	3	to	to	ADP
ajeer-1431	196	4	the	the	DET
ajeer-1431	196	5	modeling	modeling	NOUN
ajeer-1431	196	6	of	of	ADP
ajeer-1431	196	7	the	the	DET
ajeer-1431	196	8	current	current	ADJ
ajeer-1431	196	9	account	account	NOUN
ajeer-1431	196	10	,	,	PUNCT
ajeer-1431	196	11	imposing	impose	VERB
ajeer-1431	196	12	restrictions	restriction	NOUN
ajeer-1431	196	13	on	on	ADP
ajeer-1431	196	14	a	a	DET
ajeer-1431	196	15	structural	structural	ADJ
ajeer-1431	196	16	autoregressive	autoregressive	ADJ
ajeer-1431	196	17	vector	vector	NOUN
ajeer-1431	196	18	(	(	PUNCT
ajeer-1431	196	19	kano	kano	NOUN
ajeer-1431	196	20	,	,	PUNCT
ajeer-1431	196	21	2003	2003	NUM
ajeer-1431	196	22	)	)	PUNCT
ajeer-1431	196	23	.	.	PUNCT
ajeer-1431	197	1	asian	asian	ADJ
ajeer-1431	197	2	journal	journal	PROPN
ajeer-1431	197	3	of	of	ADP
ajeer-1431	197	4	economics	economic	NOUN
ajeer-1431	197	5	and	and	CCONJ
ajeer-1431	197	6	empirical	empirical	ADJ
ajeer-1431	197	7	research	research	NOUN
ajeer-1431	197	8	,	,	PUNCT
ajeer-1431	197	9	2020	2020	NUM
ajeer-1431	197	10	,	,	PUNCT
ajeer-1431	197	11	7(1	7(1	NUM
ajeer-1431	197	12	):	):	PUNCT
ajeer-1431	197	13	46	46	NUM
ajeer-1431	197	14	-	-	SYM
ajeer-1431	197	15	63	63	NUM
ajeer-1431	197	16	51	51	NUM
ajeer-1431	197	17	©	©	PROPN
ajeer-1431	197	18	2020	2020	NUM
ajeer-1431	197	19	by	by	ADP
ajeer-1431	197	20	the	the	DET
ajeer-1431	197	21	authors	author	NOUN
ajeer-1431	197	22	;	;	PUNCT
ajeer-1431	197	23	licensee	licensee	PROPN
ajeer-1431	197	24	asian	asian	ADJ
ajeer-1431	197	25	online	online	PROPN
ajeer-1431	197	26	journal	journal	PROPN
ajeer-1431	197	27	publishing	publishing	NOUN
ajeer-1431	197	28	group	group	NOUN
ajeer-1431	197	29	to	to	PART
ajeer-1431	197	30	do	do	VERB
ajeer-1431	197	31	this	this	PRON
ajeer-1431	197	32	,	,	PUNCT
ajeer-1431	197	33	we	we	PRON
ajeer-1431	197	34	develop	develop	VERB
ajeer-1431	197	35	a	a	DET
ajeer-1431	197	36	three	three	NUM
ajeer-1431	197	37	-	-	PUNCT
ajeer-1431	197	38	variable	variable	ADJ
ajeer-1431	197	39	structural	structural	ADJ
ajeer-1431	197	40	autoregressive	autoregressive	ADJ
ajeer-1431	197	41	vector	vector	NOUN
ajeer-1431	197	42	model	model	NOUN
ajeer-1431	197	43	(	(	PUNCT
ajeer-1431	197	44	savm	savm	PROPN
ajeer-1431	197	45	)	)	PUNCT
ajeer-1431	197	46	that	that	PRON
ajeer-1431	197	47	is	be	AUX
ajeer-1431	197	48	the	the	DET
ajeer-1431	197	49	ratio	ratio	NOUN
ajeer-1431	197	50	of	of	ADP
ajeer-1431	197	51	current	current	ADJ
ajeer-1431	197	52	account	account	NOUN
ajeer-1431	197	53	to	to	ADP
ajeer-1431	197	54	gdp	gdp	NOUN
ajeer-1431	197	55	(	(	PUNCT
ajeer-1431	197	56	ca_gdp	ca_gdp	PROPN
ajeer-1431	197	57	)	)	PUNCT
ajeer-1431	197	58	,	,	PUNCT
ajeer-1431	197	59	net	net	ADJ
ajeer-1431	197	60	output	output	NOUN
ajeer-1431	197	61	(	(	PUNCT
ajeer-1431	197	62	np	np	INTJ
ajeer-1431	197	63	)	)	PUNCT
ajeer-1431	197	64	and	and	CCONJ
ajeer-1431	197	65	the	the	DET
ajeer-1431	197	66	real	real	ADJ
ajeer-1431	197	67	international	international	ADJ
ajeer-1431	197	68	interest	interest	NOUN
ajeer-1431	197	69	rate	rate	NOUN
ajeer-1431	197	70	(	(	PUNCT
ajeer-1431	197	71	tiri	tiri	NOUN
ajeer-1431	197	72	)	)	PUNCT
ajeer-1431	197	73	.	.	PUNCT
ajeer-1431	198	1	there	there	PRON
ajeer-1431	198	2	is	be	VERB
ajeer-1431	198	3	the	the	DET
ajeer-1431	198	4	vector	vector	NOUN
ajeer-1431	198	5	of	of	ADP
ajeer-1431	198	6	(	(	PUNCT
ajeer-1431	198	7	)	)	PUNCT
ajeer-1431	198	8	.	.	PUNCT
ajeer-1431	199	1	from	from	ADP
ajeer-1431	199	2	these	these	DET
ajeer-1431	199	3	three	three	NUM
ajeer-1431	199	4	variables	variable	NOUN
ajeer-1431	199	5	,	,	PUNCT
ajeer-1431	199	6	we	we	PRON
ajeer-1431	199	7	identify	identify	VERB
ajeer-1431	199	8	three	three	NUM
ajeer-1431	199	9	types	type	NOUN
ajeer-1431	199	10	of	of	ADP
ajeer-1431	199	11	structural	structural	ADJ
ajeer-1431	199	12	shocks	shock	NOUN
ajeer-1431	199	13	:	:	PUNCT
ajeer-1431	199	14	the	the	DET
ajeer-1431	199	15	global	global	ADJ
ajeer-1431	199	16	shock	shock	NOUN
ajeer-1431	199	17	through	through	ADP
ajeer-1431	199	18	the	the	DET
ajeer-1431	199	19	global	global	ADJ
ajeer-1431	199	20	real	real	ADJ
ajeer-1431	199	21	interest	interest	NOUN
ajeer-1431	199	22	rate	rate	NOUN
ajeer-1431	199	23	,	,	PUNCT
ajeer-1431	199	24	the	the	DET
ajeer-1431	199	25	permanent	permanent	ADJ
ajeer-1431	199	26	specific	specific	ADJ
ajeer-1431	199	27	shock	shock	NOUN
ajeer-1431	199	28	that	that	PRON
ajeer-1431	199	29	relates	relate	VERB
ajeer-1431	199	30	to	to	ADP
ajeer-1431	199	31	net	net	ADJ
ajeer-1431	199	32	output	output	NOUN
ajeer-1431	199	33	and	and	CCONJ
ajeer-1431	199	34	the	the	DET
ajeer-1431	199	35	transient	transient	ADJ
ajeer-1431	199	36	specific	specific	ADJ
ajeer-1431	199	37	shock	shock	NOUN
ajeer-1431	199	38	represented	represent	VERB
ajeer-1431	199	39	by	by	ADP
ajeer-1431	199	40	the	the	DET
ajeer-1431	199	41	ratio	ratio	NOUN
ajeer-1431	199	42	of	of	ADP
ajeer-1431	199	43	the	the	DET
ajeer-1431	199	44	current	current	ADJ
ajeer-1431	199	45	account	account	NOUN
ajeer-1431	199	46	to	to	ADP
ajeer-1431	199	47	gdp	gdp	NOUN
ajeer-1431	199	48	.	.	PUNCT
ajeer-1431	200	1	these	these	DET
ajeer-1431	200	2	shocks	shock	NOUN
ajeer-1431	200	3	are	be	AUX
ajeer-1431	200	4	specified	specify	VERB
ajeer-1431	200	5	as	as	SCONJ
ajeer-1431	200	6	follows	follow	VERB
ajeer-1431	200	7	:	:	PUNCT
ajeer-1431	200	8	(	(	PUNCT
ajeer-1431	200	9	)	)	PUNCT
ajeer-1431	200	10	so	so	ADV
ajeer-1431	200	11	we	we	PRON
ajeer-1431	200	12	can	can	AUX
ajeer-1431	200	13	specify	specify	VERB
ajeer-1431	200	14	the	the	DET
ajeer-1431	200	15	var	var	NOUN
ajeer-1431	200	16	model	model	NOUN
ajeer-1431	200	17	in	in	ADP
ajeer-1431	200	18	its	its	PRON
ajeer-1431	200	19	reduced	reduced	ADJ
ajeer-1431	200	20	form	form	NOUN
ajeer-1431	200	21	:	:	PUNCT
ajeer-1431	200	22	(	(	PUNCT
ajeer-1431	200	23	)	)	PUNCT
ajeer-1431	200	24	(	(	PUNCT
ajeer-1431	200	25	11	11	NUM
ajeer-1431	200	26	)	)	PUNCT
ajeer-1431	200	27	in	in	ADP
ajeer-1431	200	28	equation	equation	NOUN
ajeer-1431	200	29	11	11	NUM
ajeer-1431	200	30	above	above	ADV
ajeer-1431	200	31	,	,	PUNCT
ajeer-1431	200	32	b	b	PROPN
ajeer-1431	200	33	is	be	AUX
ajeer-1431	200	34	a	a	DET
ajeer-1431	200	35	triangular	triangular	NOUN
ajeer-1431	200	36	matrix	matrix	NOUN
ajeer-1431	200	37	whose	whose	DET
ajeer-1431	200	38	diagonal	diagonal	ADJ
ajeer-1431	200	39	elements	element	NOUN
ajeer-1431	200	40	are	be	AUX
ajeer-1431	200	41	all	all	ADV
ajeer-1431	200	42	equal	equal	ADJ
ajeer-1431	200	43	to	to	ADP
ajeer-1431	200	44	unity	unity	NOUN
ajeer-1431	200	45	,	,	PUNCT
ajeer-1431	200	46	γ	γ	X
ajeer-1431	200	47	(	(	PUNCT
ajeer-1431	200	48	l	l	NOUN
ajeer-1431	200	49	)	)	PUNCT
ajeer-1431	200	50	is	be	AUX
ajeer-1431	200	51	the	the	DET
ajeer-1431	200	52	delay	delay	NOUN
ajeer-1431	200	53	operator	operator	NOUN
ajeer-1431	200	54	,	,	PUNCT
ajeer-1431	200	55	xt	xt	PROPN
ajeer-1431	200	56	is	be	AUX
ajeer-1431	200	57	the	the	DET
ajeer-1431	200	58	variable	variable	ADJ
ajeer-1431	200	59	vector	vector	NOUN
ajeer-1431	200	60	and	and	CCONJ
ajeer-1431	200	61	εt	εt	PROPN
ajeer-1431	200	62	is	be	AUX
ajeer-1431	200	63	the	the	DET
ajeer-1431	200	64	vector	vector	NOUN
ajeer-1431	200	65	of	of	ADP
ajeer-1431	200	66	structural	structural	ADJ
ajeer-1431	200	67	shocks	shock	NOUN
ajeer-1431	200	68	.	.	PUNCT
ajeer-1431	201	1	we	we	PRON
ajeer-1431	201	2	can	can	AUX
ajeer-1431	201	3	therefore	therefore	ADV
ajeer-1431	201	4	express	express	VERB
ajeer-1431	201	5	the	the	DET
ajeer-1431	201	6	svar	svar	PROPN
ajeer-1431	201	7	model	model	NOUN
ajeer-1431	201	8	in	in	ADP
ajeer-1431	201	9	its	its	PRON
ajeer-1431	201	10	matrix	matrix	NOUN
ajeer-1431	201	11	form	form	NOUN
ajeer-1431	201	12	:	:	PUNCT
ajeer-1431	201	13	[	[	PUNCT
ajeer-1431	201	14	]	]	X
ajeer-1431	201	15	[	[	PUNCT
ajeer-1431	201	16	(	(	PUNCT
ajeer-1431	201	17	)	)	PUNCT
ajeer-1431	201	18	(	(	PUNCT
ajeer-1431	201	19	)	)	PUNCT
ajeer-1431	201	20	(	(	PUNCT
ajeer-1431	201	21	)	)	PUNCT
ajeer-1431	201	22	(	(	PUNCT
ajeer-1431	201	23	)	)	PUNCT
ajeer-1431	201	24	(	(	PUNCT
ajeer-1431	201	25	)	)	PUNCT
ajeer-1431	201	26	(	(	PUNCT
ajeer-1431	201	27	)	)	PUNCT
ajeer-1431	201	28	(	(	PUNCT
ajeer-1431	201	29	)	)	PUNCT
ajeer-1431	201	30	(	(	PUNCT
ajeer-1431	201	31	)	)	PUNCT
ajeer-1431	201	32	(	(	PUNCT
ajeer-1431	201	33	)	)	PUNCT
ajeer-1431	201	34	]	]	PUNCT
ajeer-1431	202	1	[	[	PUNCT
ajeer-1431	202	2	]	]	X
ajeer-1431	202	3	since	since	SCONJ
ajeer-1431	202	4	the	the	DET
ajeer-1431	202	5	model	model	NOUN
ajeer-1431	202	6	has	have	VERB
ajeer-1431	202	7	three	three	NUM
ajeer-1431	202	8	variables	variable	NOUN
ajeer-1431	202	9	(	(	PUNCT
ajeer-1431	202	10	k	k	NOUN
ajeer-1431	202	11	=	=	SYM
ajeer-1431	202	12	3	3	NUM
ajeer-1431	202	13	)	)	PUNCT
ajeer-1431	202	14	,	,	PUNCT
ajeer-1431	202	15	we	we	PRON
ajeer-1431	202	16	must	must	AUX
ajeer-1431	202	17	impose	impose	VERB
ajeer-1431	202	18	at	at	ADV
ajeer-1431	202	19	least	least	ADV
ajeer-1431	202	20	three	three	NUM
ajeer-1431	202	21	constraints	constraint	NOUN
ajeer-1431	202	22	(	(	PUNCT
ajeer-1431	202	23	)	)	PUNCT
ajeer-1431	202	24	so	so	CCONJ
ajeer-1431	202	25	that	that	PRON
ajeer-1431	202	26	identify	identify	VERB
ajeer-1431	202	27	it	it	PRON
ajeer-1431	202	28	.	.	PUNCT
ajeer-1431	203	1	the	the	DET
ajeer-1431	203	2	pattern	pattern	NOUN
ajeer-1431	203	3	of	of	ADP
ajeer-1431	203	4	model	model	NOUN
ajeer-1431	203	5	identification	identification	NOUN
ajeer-1431	203	6	is	be	AUX
ajeer-1431	203	7	based	base	VERB
ajeer-1431	203	8	on	on	ADP
ajeer-1431	203	9	the	the	DET
ajeer-1431	203	10	orthogonality	orthogonality	NOUN
ajeer-1431	203	11	of	of	ADP
ajeer-1431	203	12	the	the	DET
ajeer-1431	203	13	international	international	ADJ
ajeer-1431	203	14	interest	interest	NOUN
ajeer-1431	203	15	rate	rate	NOUN
ajeer-1431	203	16	to	to	ADP
ajeer-1431	203	17	domestic	domestic	ADJ
ajeer-1431	203	18	shocks	shock	NOUN
ajeer-1431	203	19	on	on	ADP
ajeer-1431	203	20	the	the	DET
ajeer-1431	203	21	one	one	NUM
ajeer-1431	203	22	hand	hand	NOUN
ajeer-1431	203	23	and	and	CCONJ
ajeer-1431	203	24	the	the	DET
ajeer-1431	203	25	absence	absence	NOUN
ajeer-1431	203	26	of	of	ADP
ajeer-1431	203	27	a	a	DET
ajeer-1431	203	28	long	long	ADJ
ajeer-1431	203	29	-	-	PUNCT
ajeer-1431	203	30	term	term	NOUN
ajeer-1431	203	31	response	response	NOUN
ajeer-1431	203	32	from	from	ADP
ajeer-1431	203	33	net	net	ADJ
ajeer-1431	203	34	output	output	NOUN
ajeer-1431	203	35	to	to	ADP
ajeer-1431	203	36	domestic	domestic	ADJ
ajeer-1431	203	37	shocks	shock	NOUN
ajeer-1431	203	38	on	on	ADP
ajeer-1431	203	39	the	the	DET
ajeer-1431	203	40	other	other	ADJ
ajeer-1431	203	41	.	.	PUNCT
ajeer-1431	204	1	the	the	DET
ajeer-1431	204	2	orthogonality	orthogonality	NOUN
ajeer-1431	204	3	of	of	ADP
ajeer-1431	204	4	the	the	DET
ajeer-1431	204	5	international	international	ADJ
ajeer-1431	204	6	interest	interest	NOUN
ajeer-1431	204	7	rate	rate	NOUN
ajeer-1431	204	8	stems	stem	VERB
ajeer-1431	204	9	from	from	ADP
ajeer-1431	204	10	the	the	DET
ajeer-1431	204	11	assumption	assumption	NOUN
ajeer-1431	204	12	of	of	ADP
ajeer-1431	204	13	a	a	DET
ajeer-1431	204	14	small	small	ADJ
ajeer-1431	204	15	open	open	ADJ
ajeer-1431	204	16	economy	economy	NOUN
ajeer-1431	204	17	that	that	PRON
ajeer-1431	204	18	faces	face	VERB
ajeer-1431	204	19	an	an	DET
ajeer-1431	204	20	interest	interest	NOUN
ajeer-1431	204	21	rate	rate	NOUN
ajeer-1431	204	22	set	set	VERB
ajeer-1431	204	23	in	in	ADP
ajeer-1431	204	24	the	the	DET
ajeer-1431	204	25	international	international	ADJ
ajeer-1431	204	26	financial	financial	ADJ
ajeer-1431	204	27	market	market	NOUN
ajeer-1431	204	28	and	and	CCONJ
ajeer-1431	204	29	on	on	ADP
ajeer-1431	204	30	which	which	PRON
ajeer-1431	204	31	domestic	domestic	ADJ
ajeer-1431	204	32	shocks	shock	NOUN
ajeer-1431	204	33	have	have	VERB
ajeer-1431	204	34	no	no	DET
ajeer-1431	204	35	impact	impact	NOUN
ajeer-1431	204	36	.	.	PUNCT
ajeer-1431	205	1	by	by	ADP
ajeer-1431	205	2	imposing	impose	VERB
ajeer-1431	205	3	the	the	DET
ajeer-1431	205	4	constraints	constraint	NOUN
ajeer-1431	205	5	mentioned	mention	VERB
ajeer-1431	205	6	above	above	ADV
ajeer-1431	205	7	,	,	PUNCT
ajeer-1431	205	8	we	we	PRON
ajeer-1431	205	9	have	have	VERB
ajeer-1431	205	10	:	:	PUNCT
ajeer-1431	205	11	the	the	DET
ajeer-1431	205	12	small	small	ADJ
ajeer-1431	205	13	open	open	ADJ
ajeer-1431	205	14	economy	economy	NOUN
ajeer-1431	205	15	assumption	assumption	NOUN
ajeer-1431	205	16	means	mean	VERB
ajeer-1431	205	17	that	that	SCONJ
ajeer-1431	205	18	it	it	PRON
ajeer-1431	205	19	has	have	VERB
ajeer-1431	205	20	no	no	DET
ajeer-1431	205	21	influence	influence	NOUN
ajeer-1431	205	22	on	on	ADP
ajeer-1431	205	23	the	the	DET
ajeer-1431	205	24	international	international	ADJ
ajeer-1431	205	25	real	real	ADJ
ajeer-1431	205	26	interest	interest	NOUN
ajeer-1431	205	27	rate	rate	NOUN
ajeer-1431	205	28	,	,	PUNCT
ajeer-1431	205	29	so	so	ADV
ajeer-1431	205	30	:	:	PUNCT
ajeer-1431	205	31	(	(	PUNCT
ajeer-1431	205	32	)	)	PUNCT
ajeer-1431	205	33	(	(	PUNCT
ajeer-1431	205	34	)	)	PUNCT
ajeer-1431	205	35	the	the	DET
ajeer-1431	205	36	transient	transient	ADJ
ajeer-1431	205	37	shock	shock	NOUN
ajeer-1431	205	38	has	have	VERB
ajeer-1431	205	39	no	no	DET
ajeer-1431	205	40	effect	effect	NOUN
ajeer-1431	205	41	on	on	ADP
ajeer-1431	205	42	long	long	ADJ
ajeer-1431	205	43	-	-	PUNCT
ajeer-1431	205	44	term	term	NOUN
ajeer-1431	205	45	net	net	ADJ
ajeer-1431	205	46	output	output	NOUN
ajeer-1431	205	47	,	,	PUNCT
ajeer-1431	205	48	resulting	result	VERB
ajeer-1431	205	49	in	in	ADP
ajeer-1431	205	50	:	:	PUNCT
ajeer-1431	205	51	:	:	PUNCT
ajeer-1431	205	52	(	(	PUNCT
ajeer-1431	205	53	)	)	PUNCT
ajeer-1431	205	54	finally	finally	ADV
ajeer-1431	205	55	,	,	PUNCT
ajeer-1431	205	56	by	by	ADP
ajeer-1431	205	57	putting	put	VERB
ajeer-1431	205	58	l	l	NOUN
ajeer-1431	205	59	=	=	SYM
ajeer-1431	205	60	1	1	NUM
ajeer-1431	205	61	,	,	PUNCT
ajeer-1431	205	62	our	our	PRON
ajeer-1431	205	63	long	long	ADJ
ajeer-1431	205	64	-	-	PUNCT
ajeer-1431	205	65	term	term	NOUN
ajeer-1431	205	66	matrix	matrix	NOUN
ajeer-1431	205	67	is	be	AUX
ajeer-1431	205	68	written	write	VERB
ajeer-1431	205	69	:	:	PUNCT
ajeer-1431	205	70	[	[	PUNCT
ajeer-1431	205	71	(	(	PUNCT
ajeer-1431	205	72	)	)	PUNCT
ajeer-1431	205	73	(	(	PUNCT
ajeer-1431	205	74	)	)	PUNCT
ajeer-1431	205	75	(	(	PUNCT
ajeer-1431	205	76	)	)	PUNCT
ajeer-1431	205	77	(	(	PUNCT
ajeer-1431	205	78	)	)	PUNCT
ajeer-1431	205	79	(	(	PUNCT
ajeer-1431	205	80	)	)	PUNCT
ajeer-1431	205	81	(	(	PUNCT
ajeer-1431	205	82	)	)	PUNCT
ajeer-1431	205	83	]	]	PUNCT
ajeer-1431	205	84	from	from	ADP
ajeer-1431	205	85	this	this	DET
ajeer-1431	205	86	empirical	empirical	ADJ
ajeer-1431	205	87	specification	specification	NOUN
ajeer-1431	205	88	,	,	PUNCT
ajeer-1431	205	89	we	we	PRON
ajeer-1431	205	90	can	can	AUX
ajeer-1431	205	91	now	now	ADV
ajeer-1431	205	92	analyze	analyze	VERB
ajeer-1431	205	93	the	the	DET
ajeer-1431	205	94	sources	source	NOUN
ajeer-1431	205	95	of	of	ADP
ajeer-1431	205	96	current	current	ADJ
ajeer-1431	205	97	account	account	NOUN
ajeer-1431	205	98	fluctuations	fluctuation	NOUN
ajeer-1431	205	99	in	in	ADP
ajeer-1431	205	100	waemu	waemu	NOUN
ajeer-1431	205	101	.	.	PUNCT
ajeer-1431	206	1	5	5	X
ajeer-1431	206	2	.	.	NOUN
ajeer-1431	206	3	results	result	NOUN
ajeer-1431	206	4	and	and	CCONJ
ajeer-1431	206	5	interpretation	interpretation	NOUN
ajeer-1431	206	6	of	of	ADP
ajeer-1431	206	7	results	result	NOUN
ajeer-1431	206	8	in	in	ADP
ajeer-1431	206	9	this	this	DET
ajeer-1431	206	10	part	part	NOUN
ajeer-1431	206	11	,	,	PUNCT
ajeer-1431	206	12	we	we	PRON
ajeer-1431	206	13	proceed	proceed	VERB
ajeer-1431	206	14	to	to	ADP
ajeer-1431	206	15	the	the	DET
ajeer-1431	206	16	estimation	estimation	NOUN
ajeer-1431	206	17	of	of	ADP
ajeer-1431	206	18	the	the	DET
ajeer-1431	206	19	structural	structural	ADJ
ajeer-1431	206	20	var	var	NOUN
ajeer-1431	206	21	model	model	NOUN
ajeer-1431	206	22	and	and	CCONJ
ajeer-1431	206	23	the	the	DET
ajeer-1431	206	24	analysis	analysis	NOUN
ajeer-1431	206	25	of	of	ADP
ajeer-1431	206	26	the	the	DET
ajeer-1431	206	27	results	result	NOUN
ajeer-1431	206	28	.	.	PUNCT
ajeer-1431	207	1	but	but	CCONJ
ajeer-1431	207	2	before	before	ADP
ajeer-1431	207	3	doing	do	VERB
ajeer-1431	207	4	so	so	ADV
ajeer-1431	207	5	,	,	PUNCT
ajeer-1431	207	6	we	we	PRON
ajeer-1431	207	7	present	present	VERB
ajeer-1431	207	8	the	the	DET
ajeer-1431	207	9	data	datum	NOUN
ajeer-1431	207	10	used	use	VERB
ajeer-1431	207	11	for	for	ADP
ajeer-1431	207	12	the	the	DET
ajeer-1431	207	13	empirical	empirical	ADJ
ajeer-1431	207	14	analysis	analysis	NOUN
ajeer-1431	207	15	and	and	CCONJ
ajeer-1431	207	16	perform	perform	VERB
ajeer-1431	207	17	the	the	DET
ajeer-1431	207	18	unit	unit	NOUN
ajeer-1431	207	19	root	root	NOUN
ajeer-1431	207	20	tests	test	NOUN
ajeer-1431	207	21	to	to	PART
ajeer-1431	207	22	verify	verify	VERB
ajeer-1431	207	23	the	the	DET
ajeer-1431	207	24	stationarity	stationarity	NOUN
ajeer-1431	207	25	of	of	ADP
ajeer-1431	207	26	the	the	DET
ajeer-1431	207	27	variables	variable	NOUN
ajeer-1431	207	28	.	.	PUNCT
ajeer-1431	208	1	5.1	5.1	NUM
ajeer-1431	208	2	.	.	PUNCT
ajeer-1431	209	1	data	datum	NOUN
ajeer-1431	209	2	and	and	CCONJ
ajeer-1431	209	3	stationarity	stationarity	NOUN
ajeer-1431	209	4	tests	test	VERB
ajeer-1431	209	5	the	the	DET
ajeer-1431	209	6	estimation	estimation	NOUN
ajeer-1431	209	7	of	of	ADP
ajeer-1431	209	8	the	the	DET
ajeer-1431	209	9	empirical	empirical	ADJ
ajeer-1431	209	10	model	model	NOUN
ajeer-1431	209	11	must	must	AUX
ajeer-1431	209	12	be	be	AUX
ajeer-1431	209	13	preceded	precede	VERB
ajeer-1431	209	14	by	by	ADP
ajeer-1431	209	15	the	the	DET
ajeer-1431	209	16	study	study	NOUN
ajeer-1431	209	17	of	of	ADP
ajeer-1431	209	18	the	the	DET
ajeer-1431	209	19	stationarity	stationarity	NOUN
ajeer-1431	209	20	of	of	ADP
ajeer-1431	209	21	the	the	DET
ajeer-1431	209	22	variables	variable	NOUN
ajeer-1431	209	23	.	.	PUNCT
ajeer-1431	210	1	indeed	indeed	ADV
ajeer-1431	210	2	,	,	PUNCT
ajeer-1431	210	3	the	the	DET
ajeer-1431	210	4	use	use	NOUN
ajeer-1431	210	5	of	of	ADP
ajeer-1431	210	6	var	var	NOUN
ajeer-1431	210	7	modeling	modeling	NOUN
ajeer-1431	210	8	assumes	assume	VERB
ajeer-1431	210	9	that	that	SCONJ
ajeer-1431	210	10	the	the	DET
ajeer-1431	210	11	series	series	NOUN
ajeer-1431	210	12	are	be	AUX
ajeer-1431	210	13	not	not	PART
ajeer-1431	210	14	cointegrated	cointegrate	VERB
ajeer-1431	210	15	,	,	PUNCT
ajeer-1431	210	16	but	but	CCONJ
ajeer-1431	210	17	integrated	integrate	VERB
ajeer-1431	210	18	into	into	ADP
ajeer-1431	210	19	a	a	DET
ajeer-1431	210	20	first	first	ADJ
ajeer-1431	210	21	difference	difference	NOUN
ajeer-1431	210	22	.	.	PUNCT
ajeer-1431	211	1	otherwise	otherwise	ADV
ajeer-1431	211	2	,	,	PUNCT
ajeer-1431	211	3	an	an	DET
ajeer-1431	211	4	error	error	NOUN
ajeer-1431	211	5	correction	correction	NOUN
ajeer-1431	211	6	vector	vector	NOUN
ajeer-1431	211	7	would	would	AUX
ajeer-1431	211	8	have	have	AUX
ajeer-1431	211	9	been	be	AUX
ajeer-1431	211	10	more	more	ADV
ajeer-1431	211	11	appropriate	appropriate	ADJ
ajeer-1431	211	12	.	.	PUNCT
ajeer-1431	212	1	thus	thus	ADV
ajeer-1431	212	2	,	,	PUNCT
ajeer-1431	212	3	the	the	DET
ajeer-1431	212	4	representation	representation	NOUN
ajeer-1431	212	5	of	of	ADP
ajeer-1431	212	6	time	time	NOUN
ajeer-1431	212	7	series	series	PROPN
ajeer-1431	212	8	figure	figure	NOUN
ajeer-1431	212	9	2	2	NUM
ajeer-1431	212	10	in	in	ADP
ajeer-1431	212	11	the	the	DET
ajeer-1431	212	12	appendix	appendix	NOUN
ajeer-1431	212	13	shows	show	VERB
ajeer-1431	212	14	the	the	DET
ajeer-1431	212	15	presence	presence	NOUN
ajeer-1431	212	16	of	of	ADP
ajeer-1431	212	17	a	a	DET
ajeer-1431	212	18	trend	trend	NOUN
ajeer-1431	212	19	and	and	CCONJ
ajeer-1431	212	20	a	a	DET
ajeer-1431	212	21	certain	certain	ADJ
ajeer-1431	212	22	volatility	volatility	NOUN
ajeer-1431	212	23	for	for	ADP
ajeer-1431	212	24	most	most	ADJ
ajeer-1431	212	25	of	of	ADP
ajeer-1431	212	26	them	they	PRON
ajeer-1431	212	27	.	.	PUNCT
ajeer-1431	213	1	this	this	PRON
ajeer-1431	213	2	suggests	suggest	VERB
ajeer-1431	213	3	that	that	SCONJ
ajeer-1431	213	4	they	they	PRON
ajeer-1431	213	5	are	be	AUX
ajeer-1431	213	6	not	not	PART
ajeer-1431	213	7	stationary	stationary	ADJ
ajeer-1431	213	8	at	at	ADP
ajeer-1431	213	9	level	level	NOUN
ajeer-1431	213	10	.	.	PUNCT
ajeer-1431	214	1	to	to	PART
ajeer-1431	214	2	be	be	AUX
ajeer-1431	214	3	sure	sure	ADJ
ajeer-1431	214	4	,	,	PUNCT
ajeer-1431	214	5	we	we	PRON
ajeer-1431	214	6	performed	perform	VERB
ajeer-1431	214	7	the	the	DET
ajeer-1431	214	8	formal	formal	ADJ
ajeer-1431	214	9	tests	test	NOUN
ajeer-1431	214	10	of	of	ADP
ajeer-1431	214	11	stationarity	stationarity	NOUN
ajeer-1431	214	12	and	and	CCONJ
ajeer-1431	214	13	cointegration	cointegration	NOUN
ajeer-1431	214	14	table	table	NOUN
ajeer-1431	214	15	8	8	NUM
ajeer-1431	214	16	in	in	ADP
ajeer-1431	214	17	the	the	DET
ajeer-1431	214	18	appendix	appendix	NOUN
ajeer-1431	214	19	.	.	PUNCT
ajeer-1431	215	1	the	the	DET
ajeer-1431	215	2	results	result	NOUN
ajeer-1431	215	3	of	of	ADP
ajeer-1431	215	4	the	the	DET
ajeer-1431	215	5	johannsen	johannsen	PROPN
ajeer-1431	215	6	cointegration	cointegration	PROPN
ajeer-1431	215	7	test	test	NOUN
ajeer-1431	215	8	conducted	conduct	VERB
ajeer-1431	215	9	on	on	ADP
ajeer-1431	215	10	the	the	DET
ajeer-1431	215	11	time	time	NOUN
ajeer-1431	215	12	series	series	PROPN
ajeer-1431	215	13	show	show	VERB
ajeer-1431	215	14	that	that	SCONJ
ajeer-1431	215	15	they	they	PRON
ajeer-1431	215	16	are	be	AUX
ajeer-1431	215	17	not	not	PART
ajeer-1431	215	18	cointegrated	cointegrate	VERB
ajeer-1431	215	19	to	to	ADP
ajeer-1431	215	20	a	a	DET
ajeer-1431	215	21	level	level	NOUN
ajeer-1431	215	22	.	.	PUNCT
ajeer-1431	216	1	on	on	ADP
ajeer-1431	216	2	the	the	DET
ajeer-1431	216	3	other	other	ADJ
ajeer-1431	216	4	hand	hand	NOUN
ajeer-1431	216	5	,	,	PUNCT
ajeer-1431	216	6	the	the	DET
ajeer-1431	216	7	unit	unit	NOUN
ajeer-1431	216	8	root	root	NOUN
ajeer-1431	216	9	tests	test	NOUN
ajeer-1431	216	10	lead	lead	VERB
ajeer-1431	216	11	to	to	ADP
ajeer-1431	216	12	the	the	DET
ajeer-1431	216	13	conclusion	conclusion	NOUN
ajeer-1431	216	14	that	that	SCONJ
ajeer-1431	216	15	all	all	DET
ajeer-1431	216	16	the	the	DET
ajeer-1431	216	17	series	series	NOUN
ajeer-1431	216	18	are	be	AUX
ajeer-1431	216	19	stationary	stationary	ADJ
ajeer-1431	216	20	in	in	ADP
ajeer-1431	216	21	first	first	ADJ
ajeer-1431	216	22	difference	difference	NOUN
ajeer-1431	216	23	,	,	PUNCT
ajeer-1431	216	24	so	so	ADV
ajeer-1431	216	25	are	be	AUX
ajeer-1431	216	26	integrated	integrate	VERB
ajeer-1431	216	27	of	of	ADP
ajeer-1431	216	28	order	order	NOUN
ajeer-1431	216	29	one	one	NUM
ajeer-1431	216	30	(	(	PUNCT
ajeer-1431	216	31	i	i	PRON
ajeer-1431	216	32	(	(	PUNCT
ajeer-1431	216	33	1	1	NUM
ajeer-1431	216	34	)	)	PUNCT
ajeer-1431	216	35	)	)	PUNCT
ajeer-1431	216	36	.	.	PUNCT
ajeer-1431	217	1	as	as	ADP
ajeer-1431	217	2	a	a	DET
ajeer-1431	217	3	result	result	NOUN
ajeer-1431	217	4	,	,	PUNCT
ajeer-1431	217	5	our	our	PRON
ajeer-1431	217	6	variables	variable	NOUN
ajeer-1431	217	7	lend	lend	VERB
ajeer-1431	217	8	themselves	themselves	PRON
ajeer-1431	217	9	to	to	ADP
ajeer-1431	217	10	autoregressive	autoregressive	ADJ
ajeer-1431	217	11	vector	vector	NOUN
ajeer-1431	217	12	modeling	modeling	NOUN
ajeer-1431	217	13	.	.	PUNCT
ajeer-1431	218	1	therefore	therefore	ADV
ajeer-1431	218	2	,	,	PUNCT
ajeer-1431	218	3	we	we	PRON
ajeer-1431	218	4	can	can	AUX
ajeer-1431	218	5	proceed	proceed	VERB
ajeer-1431	218	6	to	to	PART
ajeer-1431	218	7	estimate	estimate	VERB
ajeer-1431	218	8	the	the	DET
ajeer-1431	218	9	structural	structural	ADJ
ajeer-1431	218	10	var	var	NOUN
ajeer-1431	218	11	.	.	PUNCT
ajeer-1431	219	1	in	in	ADP
ajeer-1431	219	2	addition	addition	NOUN
ajeer-1431	219	3	,	,	PUNCT
ajeer-1431	219	4	the	the	DET
ajeer-1431	219	5	data	datum	NOUN
ajeer-1431	219	6	used	use	VERB
ajeer-1431	219	7	in	in	ADP
ajeer-1431	219	8	this	this	DET
ajeer-1431	219	9	study	study	NOUN
ajeer-1431	219	10	were	be	AUX
ajeer-1431	219	11	all	all	PRON
ajeer-1431	219	12	converted	convert	VERB
ajeer-1431	219	13	into	into	ADP
ajeer-1431	219	14	quarterly	quarterly	ADJ
ajeer-1431	219	15	frequency	frequency	NOUN
ajeer-1431	219	16	from	from	ADP
ajeer-1431	219	17	annual	annual	ADJ
ajeer-1431	219	18	values	value	NOUN
ajeer-1431	219	19	.	.	PUNCT
ajeer-1431	220	1	for	for	ADP
ajeer-1431	220	2	this	this	DET
ajeer-1431	220	3	purpose	purpose	NOUN
ajeer-1431	220	4	,	,	PUNCT
ajeer-1431	220	5	methods	method	NOUN
ajeer-1431	220	6	such	such	ADJ
ajeer-1431	220	7	as	as	ADP
ajeer-1431	220	8	the	the	DET
ajeer-1431	220	9	proportionality	proportionality	NOUN
ajeer-1431	220	10	of	of	ADP
ajeer-1431	220	11	denton	denton	PROPN
ajeer-1431	220	12	(	(	PUNCT
ajeer-1431	220	13	1971	1971	NUM
ajeer-1431	220	14	)	)	PUNCT
ajeer-1431	220	15	allow	allow	VERB
ajeer-1431	220	16	the	the	DET
ajeer-1431	220	17	conversion	conversion	NOUN
ajeer-1431	220	18	of	of	ADP
ajeer-1431	220	19	annual	annual	ADJ
ajeer-1431	220	20	data	datum	NOUN
ajeer-1431	220	21	into	into	ADP
ajeer-1431	220	22	quarterly	quarterly	ADJ
ajeer-1431	220	23	frequency	frequency	NOUN
ajeer-1431	220	24	.	.	PUNCT
ajeer-1431	221	1	this	this	DET
ajeer-1431	221	2	method	method	NOUN
ajeer-1431	221	3	consists	consist	VERB
ajeer-1431	221	4	in	in	ADP
ajeer-1431	221	5	generating	generate	VERB
ajeer-1431	221	6	from	from	ADP
ajeer-1431	221	7	the	the	DET
ajeer-1431	221	8	calculated	calculate	VERB
ajeer-1431	221	9	annual	annual	ADJ
ajeer-1431	221	10	ratios	ratio	NOUN
ajeer-1431	221	11	,	,	PUNCT
ajeer-1431	221	12	quarterly	quarterly	ADJ
ajeer-1431	221	13	ratios	ratio	NOUN
ajeer-1431	221	14	whose	whose	DET
ajeer-1431	221	15	average	average	NOUN
ajeer-1431	221	16	must	must	AUX
ajeer-1431	221	17	be	be	AUX
ajeer-1431	221	18	equal	equal	ADJ
ajeer-1431	221	19	to	to	ADP
ajeer-1431	221	20	the	the	DET
ajeer-1431	221	21	annual	annual	ADJ
ajeer-1431	221	22	ratio	ratio	NOUN
ajeer-1431	221	23	for	for	ADP
ajeer-1431	221	24	each	each	DET
ajeer-1431	221	25	year	year	NOUN
ajeer-1431	221	26	.	.	PUNCT
ajeer-1431	222	1	the	the	DET
ajeer-1431	222	2	implementation	implementation	NOUN
ajeer-1431	222	3	was	be	AUX
ajeer-1431	222	4	done	do	VERB
ajeer-1431	222	5	by	by	ADP
ajeer-1431	222	6	concatenation	concatenation	NOUN
ajeer-1431	222	7	on	on	ADP
ajeer-1431	222	8	the	the	DET
ajeer-1431	222	9	r	r	NOUN
ajeer-1431	222	10	software	software	NOUN
ajeer-1431	222	11	.	.	PUNCT
ajeer-1431	223	1	the	the	DET
ajeer-1431	223	2	data	datum	NOUN
ajeer-1431	223	3	come	come	VERB
ajeer-1431	223	4	from	from	ADP
ajeer-1431	223	5	the	the	DET
ajeer-1431	223	6	international	international	ADJ
ajeer-1431	223	7	financial	financial	ADJ
ajeer-1431	223	8	statistics	statistic	NOUN
ajeer-1431	223	9	of	of	ADP
ajeer-1431	223	10	the	the	DET
ajeer-1431	223	11	international	international	ADJ
ajeer-1431	223	12	monetary	monetary	ADJ
ajeer-1431	223	13	fund	fund	NOUN
ajeer-1431	223	14	(	(	PUNCT
ajeer-1431	223	15	imf	imf	PROPN
ajeer-1431	223	16	)	)	PUNCT
ajeer-1431	223	17	for	for	SCONJ
ajeer-1431	223	18	the	the	DET
ajeer-1431	223	19	series	series	NOUN
ajeer-1431	223	20	used	use	VERB
ajeer-1431	223	21	to	to	PART
ajeer-1431	223	22	calculate	calculate	VERB
ajeer-1431	223	23	the	the	DET
ajeer-1431	223	24	real	real	ADJ
ajeer-1431	223	25	world	world	NOUN
ajeer-1431	223	26	interest	interest	NOUN
ajeer-1431	223	27	rate	rate	NOUN
ajeer-1431	223	28	and	and	CCONJ
ajeer-1431	223	29	the	the	DET
ajeer-1431	223	30	national	national	ADJ
ajeer-1431	223	31	accounts	account	NOUN
ajeer-1431	223	32	of	of	ADP
ajeer-1431	223	33	the	the	DET
ajeer-1431	223	34	countries	country	NOUN
ajeer-1431	223	35	available	available	ADJ
ajeer-1431	223	36	on	on	ADP
ajeer-1431	223	37	the	the	DET
ajeer-1431	223	38	basis	basis	NOUN
ajeer-1431	223	39	of	of	ADP
ajeer-1431	223	40	the	the	DET
ajeer-1431	223	41	west	west	ADJ
ajeer-1431	223	42	african	african	ADJ
ajeer-1431	223	43	economies	economy	NOUN
ajeer-1431	223	44	central	central	ADJ
ajeer-1431	223	45	bank	bank	NOUN
ajeer-1431	223	46	,	,	PUNCT
ajeer-1431	223	47	economic	economic	ADJ
ajeer-1431	223	48	and	and	CCONJ
ajeer-1431	223	49	financial	financial	ADJ
ajeer-1431	223	50	data	datum	NOUN
ajeer-1431	223	51	for	for	ADP
ajeer-1431	223	52	internal	internal	ADJ
ajeer-1431	223	53	variables	variable	NOUN
ajeer-1431	223	54	.	.	PUNCT
ajeer-1431	224	1	the	the	DET
ajeer-1431	224	2	methodology	methodology	NOUN
ajeer-1431	224	3	used	use	VERB
ajeer-1431	224	4	to	to	PART
ajeer-1431	224	5	construct	construct	VERB
ajeer-1431	224	6	the	the	DET
ajeer-1431	224	7	various	various	ADJ
ajeer-1431	224	8	variables	variable	NOUN
ajeer-1431	224	9	is	be	AUX
ajeer-1431	224	10	presented	present	VERB
ajeer-1431	224	11	in	in	ADP
ajeer-1431	224	12	appendix	appendix	PROPN
ajeer-1431	224	13	(	(	PUNCT
ajeer-1431	224	14	appendix	appendix	NOUN
ajeer-1431	224	15	:	:	PUNCT
ajeer-1431	224	16	construction	construction	NOUN
ajeer-1431	224	17	of	of	ADP
ajeer-1431	224	18	variables	variable	NOUN
ajeer-1431	224	19	)	)	PUNCT
ajeer-1431	224	20	.	.	PUNCT
ajeer-1431	225	1	from	from	ADP
ajeer-1431	225	2	this	this	DET
ajeer-1431	225	3	empirical	empirical	ADJ
ajeer-1431	225	4	specification	specification	NOUN
ajeer-1431	225	5	,	,	PUNCT
ajeer-1431	225	6	we	we	PRON
ajeer-1431	225	7	can	can	AUX
ajeer-1431	225	8	now	now	ADV
ajeer-1431	225	9	analyze	analyze	VERB
ajeer-1431	225	10	the	the	DET
ajeer-1431	225	11	sources	source	NOUN
ajeer-1431	225	12	of	of	ADP
ajeer-1431	225	13	current	current	ADJ
ajeer-1431	225	14	account	account	NOUN
ajeer-1431	225	15	fluctuations	fluctuation	NOUN
ajeer-1431	225	16	in	in	ADP
ajeer-1431	225	17	waemu	waemu	NOUN
ajeer-1431	225	18	.	.	PUNCT
ajeer-1431	226	1	5.2	5.2	NUM
ajeer-1431	226	2	.	.	PUNCT
ajeer-1431	227	1	analysis	analysis	NOUN
ajeer-1431	227	2	of	of	ADP
ajeer-1431	227	3	results	result	NOUN
ajeer-1431	227	4	the	the	DET
ajeer-1431	227	5	interpretation	interpretation	NOUN
ajeer-1431	227	6	of	of	ADP
ajeer-1431	227	7	the	the	DET
ajeer-1431	227	8	structural	structural	ADJ
ajeer-1431	227	9	var	var	NOUN
ajeer-1431	227	10	estimation	estimation	NOUN
ajeer-1431	227	11	results	result	NOUN
ajeer-1431	227	12	is	be	AUX
ajeer-1431	227	13	done	do	VERB
ajeer-1431	227	14	in	in	ADP
ajeer-1431	227	15	two	two	NUM
ajeer-1431	227	16	parts	part	NOUN
ajeer-1431	227	17	.	.	PUNCT
ajeer-1431	228	1	it	it	PRON
ajeer-1431	228	2	is	be	AUX
ajeer-1431	228	3	the	the	DET
ajeer-1431	228	4	first	first	ADJ
ajeer-1431	228	5	analysis	analysis	NOUN
ajeer-1431	228	6	of	of	ADP
ajeer-1431	228	7	the	the	DET
ajeer-1431	228	8	impulse	impulse	ADJ
ajeer-1431	228	9	response	response	NOUN
ajeer-1431	228	10	functions	function	NOUN
ajeer-1431	228	11	(	(	PUNCT
ajeer-1431	228	12	irf	irf	PROPN
ajeer-1431	228	13	)	)	PUNCT
ajeer-1431	228	14	presented	present	VERB
ajeer-1431	228	15	in	in	ADP
ajeer-1431	228	16	figure	figure	NOUN
ajeer-1431	228	17	3	3	NUM
ajeer-1431	228	18	in	in	ADP
ajeer-1431	228	19	appendix	appendix	NOUN
ajeer-1431	228	20	that	that	PRON
ajeer-1431	228	21	will	will	AUX
ajeer-1431	228	22	inform	inform	VERB
ajeer-1431	228	23	us	we	PRON
ajeer-1431	228	24	about	about	ADP
ajeer-1431	228	25	the	the	DET
ajeer-1431	228	26	positive	positive	ADJ
ajeer-1431	228	27	or	or	CCONJ
ajeer-1431	228	28	negative	negative	ADJ
ajeer-1431	228	29	nature	nature	NOUN
ajeer-1431	228	30	of	of	ADP
ajeer-1431	228	31	the	the	DET
ajeer-1431	228	32	response	response	NOUN
ajeer-1431	228	33	of	of	ADP
ajeer-1431	228	34	a	a	DET
ajeer-1431	228	35	given	give	VERB
ajeer-1431	228	36	variable	variable	NOUN
ajeer-1431	228	37	to	to	ADP
ajeer-1431	228	38	a	a	DET
ajeer-1431	228	39	structural	structural	ADJ
ajeer-1431	228	40	shock	shock	NOUN
ajeer-1431	228	41	.	.	PUNCT
ajeer-1431	229	1	then	then	ADV
ajeer-1431	229	2	we	we	PRON
ajeer-1431	229	3	will	will	AUX
ajeer-1431	229	4	analyze	analyze	VERB
ajeer-1431	229	5	the	the	DET
ajeer-1431	229	6	decomposition	decomposition	NOUN
ajeer-1431	229	7	of	of	ADP
ajeer-1431	229	8	the	the	DET
ajeer-1431	229	9	residual	residual	ADJ
ajeer-1431	229	10	variances	variance	NOUN
ajeer-1431	229	11	table	table	NOUN
ajeer-1431	229	12	9	9	NUM
ajeer-1431	229	13	in	in	ADP
ajeer-1431	229	14	appendix	appendix	NOUN
ajeer-1431	229	15	of	of	ADP
ajeer-1431	229	16	the	the	DET
ajeer-1431	229	17	endogenous	endogenous	ADJ
ajeer-1431	229	18	variables	variable	NOUN
ajeer-1431	229	19	.	.	PUNCT
ajeer-1431	230	1	this	this	DET
ajeer-1431	230	2	analysis	analysis	NOUN
ajeer-1431	230	3	makes	make	VERB
ajeer-1431	230	4	it	it	PRON
ajeer-1431	230	5	possible	possible	ADJ
ajeer-1431	230	6	to	to	PART
ajeer-1431	230	7	measure	measure	VERB
ajeer-1431	230	8	the	the	DET
ajeer-1431	230	9	contribution	contribution	NOUN
ajeer-1431	230	10	of	of	ADP
ajeer-1431	230	11	the	the	DET
ajeer-1431	230	12	various	various	ADJ
ajeer-1431	230	13	structural	structural	ADJ
ajeer-1431	230	14	shocks	shock	NOUN
ajeer-1431	230	15	to	to	ADP
ajeer-1431	230	16	the	the	DET
ajeer-1431	230	17	fluctuations	fluctuation	NOUN
ajeer-1431	230	18	of	of	ADP
ajeer-1431	230	19	the	the	DET
ajeer-1431	230	20	endogenous	endogenous	ADJ
ajeer-1431	230	21	variables	variable	NOUN
ajeer-1431	230	22	.	.	PUNCT
ajeer-1431	231	1	however	however	ADV
ajeer-1431	231	2	,	,	PUNCT
ajeer-1431	231	3	a	a	DET
ajeer-1431	231	4	number	number	NOUN
ajeer-1431	231	5	of	of	ADP
ajeer-1431	231	6	standard	standard	ADJ
ajeer-1431	231	7	statistical	statistical	ADJ
ajeer-1431	231	8	tests	test	NOUN
ajeer-1431	231	9	have	have	AUX
ajeer-1431	231	10	been	be	AUX
ajeer-1431	231	11	applied	apply	VERB
ajeer-1431	231	12	to	to	ADP
ajeer-1431	231	13	the	the	DET
ajeer-1431	231	14	estimated	estimate	VERB
ajeer-1431	231	15	structural	structural	ADJ
ajeer-1431	231	16	var	var	NOUN
ajeer-1431	231	17	models	model	NOUN
ajeer-1431	231	18	to	to	PART
ajeer-1431	231	19	verify	verify	VERB
ajeer-1431	231	20	their	their	PRON
ajeer-1431	231	21	robustness	robustness	NOUN
ajeer-1431	231	22	.	.	PUNCT
ajeer-1431	232	1	these	these	PRON
ajeer-1431	232	2	include	include	VERB
ajeer-1431	232	3	autocorrelation	autocorrelation	NOUN
ajeer-1431	232	4	tests	test	NOUN
ajeer-1431	232	5	,	,	PUNCT
ajeer-1431	232	6	normality	normality	NOUN
ajeer-1431	232	7	and	and	CCONJ
ajeer-1431	232	8	homokedasticity	homokedasticity	NOUN
ajeer-1431	232	9	of	of	ADP
ajeer-1431	232	10	estimation	estimation	NOUN
ajeer-1431	232	11	errors	error	NOUN
ajeer-1431	232	12	.	.	PUNCT
ajeer-1431	233	1	the	the	DET
ajeer-1431	233	2	results	result	NOUN
ajeer-1431	233	3	of	of	ADP
ajeer-1431	233	4	these	these	DET
ajeer-1431	233	5	tests	test	NOUN
ajeer-1431	233	6	confirm	confirm	VERB
ajeer-1431	233	7	the	the	DET
ajeer-1431	233	8	consistency	consistency	NOUN
ajeer-1431	233	9	of	of	ADP
ajeer-1431	233	10	the	the	DET
ajeer-1431	233	11	different	different	ADJ
ajeer-1431	233	12	models	model	NOUN
ajeer-1431	233	13	.	.	PUNCT
ajeer-1431	234	1	thus	thus	ADV
ajeer-1431	234	2	,	,	PUNCT
ajeer-1431	234	3	the	the	DET
ajeer-1431	234	4	residuals	residual	NOUN
ajeer-1431	234	5	of	of	ADP
ajeer-1431	234	6	estimation	estimation	NOUN
ajeer-1431	234	7	errors	error	NOUN
ajeer-1431	234	8	are	be	AUX
ajeer-1431	234	9	not	not	PART
ajeer-1431	234	10	autocorrelated	autocorrelated	ADJ
ajeer-1431	234	11	,	,	PUNCT
ajeer-1431	234	12	they	they	PRON
ajeer-1431	234	13	are	be	AUX
ajeer-1431	234	14	normally	normally	ADV
ajeer-1431	234	15	distributed	distribute	VERB
ajeer-1431	234	16	and	and	CCONJ
ajeer-1431	234	17	homokedastic	homokedastic	NOUN
ajeer-1431	234	18	.	.	PUNCT
ajeer-1431	235	1	therefore	therefore	ADV
ajeer-1431	235	2	,	,	PUNCT
ajeer-1431	235	3	the	the	DET
ajeer-1431	235	4	results	result	NOUN
ajeer-1431	235	5	can	can	AUX
ajeer-1431	235	6	be	be	AUX
ajeer-1431	235	7	the	the	DET
ajeer-1431	235	8	asian	asian	ADJ
ajeer-1431	235	9	journal	journal	NOUN
ajeer-1431	235	10	of	of	ADP
ajeer-1431	235	11	economics	economic	NOUN
ajeer-1431	235	12	and	and	CCONJ
ajeer-1431	235	13	empirical	empirical	ADJ
ajeer-1431	235	14	research	research	NOUN
ajeer-1431	235	15	,	,	PUNCT
ajeer-1431	235	16	2020	2020	NUM
ajeer-1431	235	17	,	,	PUNCT
ajeer-1431	235	18	7(1	7(1	NUM
ajeer-1431	235	19	):	):	PUNCT
ajeer-1431	235	20	46	46	NUM
ajeer-1431	235	21	-	-	SYM
ajeer-1431	235	22	63	63	NUM
ajeer-1431	235	23	52	52	NUM
ajeer-1431	235	24	©	©	PROPN
ajeer-1431	235	25	2020	2020	NUM
ajeer-1431	235	26	by	by	ADP
ajeer-1431	235	27	the	the	DET
ajeer-1431	235	28	authors	author	NOUN
ajeer-1431	235	29	;	;	PUNCT
ajeer-1431	235	30	licensee	licensee	PROPN
ajeer-1431	235	31	asian	asian	ADJ
ajeer-1431	235	32	online	online	PROPN
ajeer-1431	235	33	journal	journal	PROPN
ajeer-1431	235	34	publishing	publishing	NOUN
ajeer-1431	235	35	group	group	PROPN
ajeer-1431	235	36	subject	subject	NOUN
ajeer-1431	235	37	of	of	ADP
ajeer-1431	235	38	economic	economic	ADJ
ajeer-1431	235	39	analysis	analysis	NOUN
ajeer-1431	235	40	and	and	CCONJ
ajeer-1431	235	41	interpretation	interpretation	NOUN
ajeer-1431	235	42	.	.	PUNCT
ajeer-1431	236	1	the	the	DET
ajeer-1431	236	2	model	model	NOUN
ajeer-1431	236	3	estimation	estimation	NOUN
ajeer-1431	236	4	is	be	AUX
ajeer-1431	236	5	done	do	VERB
ajeer-1431	236	6	in	in	ADP
ajeer-1431	236	7	two	two	NUM
ajeer-1431	236	8	steps	step	NOUN
ajeer-1431	236	9	.	.	PUNCT
ajeer-1431	237	1	the	the	DET
ajeer-1431	237	2	first	first	ADJ
ajeer-1431	237	3	one	one	NOUN
ajeer-1431	237	4	is	be	AUX
ajeer-1431	237	5	the	the	DET
ajeer-1431	237	6	estimation	estimation	NOUN
ajeer-1431	237	7	of	of	ADP
ajeer-1431	237	8	the	the	DET
ajeer-1431	237	9	simple	simple	ADJ
ajeer-1431	237	10	var	var	NOUN
ajeer-1431	237	11	model	model	NOUN
ajeer-1431	237	12	.	.	PUNCT
ajeer-1431	238	1	the	the	DET
ajeer-1431	238	2	simple	simple	ADJ
ajeer-1431	238	3	var	var	NOUN
ajeer-1431	238	4	model	model	NOUN
ajeer-1431	238	5	estimated	estimate	VERB
ajeer-1431	238	6	,	,	PUNCT
ajeer-1431	238	7	we	we	PRON
ajeer-1431	238	8	proceed	proceed	VERB
ajeer-1431	238	9	the	the	DET
ajeer-1431	238	10	selection	selection	NOUN
ajeer-1431	238	11	of	of	ADP
ajeer-1431	238	12	the	the	DET
ajeer-1431	238	13	appropriate	appropriate	ADJ
ajeer-1431	238	14	lag	lag	NOUN
ajeer-1431	238	15	that	that	PRON
ajeer-1431	238	16	will	will	AUX
ajeer-1431	238	17	be	be	AUX
ajeer-1431	238	18	the	the	DET
ajeer-1431	238	19	same	same	ADJ
ajeer-1431	238	20	for	for	ADP
ajeer-1431	238	21	the	the	DET
ajeer-1431	238	22	svar	svar	NOUN
ajeer-1431	238	23	.	.	PUNCT
ajeer-1431	239	1	for	for	ADP
ajeer-1431	239	2	this	this	PRON
ajeer-1431	239	3	,	,	PUNCT
ajeer-1431	239	4	we	we	PRON
ajeer-1431	239	5	begun	begin	VERB
ajeer-1431	239	6	with	with	ADP
ajeer-1431	239	7	8	8	NUM
ajeer-1431	239	8	lags	lag	NOUN
ajeer-1431	239	9	for	for	ADP
ajeer-1431	239	10	all	all	DET
ajeer-1431	239	11	countries	country	NOUN
ajeer-1431	239	12	.	.	PUNCT
ajeer-1431	240	1	based	base	VERB
ajeer-1431	240	2	on	on	ADP
ajeer-1431	240	3	different	different	ADJ
ajeer-1431	240	4	criteria	criterion	NOUN
ajeer-1431	240	5	(	(	PUNCT
ajeer-1431	240	6	aic	aic	PROPN
ajeer-1431	240	7	,	,	PUNCT
ajeer-1431	240	8	fpe	fpe	PROPN
ajeer-1431	240	9	,	,	PUNCT
ajeer-1431	240	10	hq	hq	NOUN
ajeer-1431	240	11	and	and	CCONJ
ajeer-1431	240	12	sc	sc	PROPN
ajeer-1431	240	13	)	)	PUNCT
ajeer-1431	240	14	,	,	PUNCT
ajeer-1431	240	15	we	we	PRON
ajeer-1431	240	16	selected	select	VERB
ajeer-1431	240	17	the	the	DET
ajeer-1431	240	18	appropriate	appropriate	ADJ
ajeer-1431	240	19	lag	lag	NOUN
ajeer-1431	240	20	.	.	PUNCT
ajeer-1431	241	1	then	then	ADV
ajeer-1431	241	2	,	,	PUNCT
ajeer-1431	241	3	for	for	ADP
ajeer-1431	241	4	all	all	DET
ajeer-1431	241	5	countries	country	NOUN
ajeer-1431	241	6	,	,	PUNCT
ajeer-1431	241	7	the	the	DET
ajeer-1431	241	8	criteria	criterion	NOUN
ajeer-1431	241	9	confirm	confirm	VERB
ajeer-1431	241	10	8	8	NUM
ajeer-1431	241	11	lags	lag	NOUN
ajeer-1431	241	12	.	.	PUNCT
ajeer-1431	242	1	that	that	PRON
ajeer-1431	242	2	is	be	AUX
ajeer-1431	242	3	consistent	consistent	ADJ
ajeer-1431	242	4	with	with	ADP
ajeer-1431	242	5	the	the	DET
ajeer-1431	242	6	length	length	NOUN
ajeer-1431	242	7	of	of	ADP
ajeer-1431	242	8	the	the	DET
ajeer-1431	242	9	data	datum	NOUN
ajeer-1431	242	10	that	that	PRON
ajeer-1431	242	11	is	be	AUX
ajeer-1431	242	12	not	not	PART
ajeer-1431	242	13	so	so	ADV
ajeer-1431	242	14	long	long	ADV
ajeer-1431	242	15	.	.	PUNCT
ajeer-1431	243	1	the	the	DET
ajeer-1431	243	2	second	second	ADJ
ajeer-1431	243	3	step	step	NOUN
ajeer-1431	243	4	is	be	AUX
ajeer-1431	243	5	the	the	DET
ajeer-1431	243	6	estimation	estimation	NOUN
ajeer-1431	243	7	of	of	ADP
ajeer-1431	243	8	the	the	DET
ajeer-1431	243	9	structural	structural	ADJ
ajeer-1431	243	10	var	var	NOUN
ajeer-1431	243	11	.	.	PUNCT
ajeer-1431	244	1	the	the	DET
ajeer-1431	244	2	results	result	NOUN
ajeer-1431	244	3	of	of	ADP
ajeer-1431	244	4	svar	svar	PROPN
ajeer-1431	244	5	estimation	estimation	NOUN
ajeer-1431	244	6	on	on	ADP
ajeer-1431	244	7	eviews	eviews	PROPN
ajeer-1431	244	8	9	9	NUM
ajeer-1431	244	9	,	,	PUNCT
ajeer-1431	244	10	are	be	AUX
ajeer-1431	244	11	in	in	ADP
ajeer-1431	244	12	tables	table	NOUN
ajeer-1431	244	13	1	1	NUM
ajeer-1431	244	14	to	to	ADP
ajeer-1431	244	15	7	7	NUM
ajeer-1431	244	16	for	for	ADP
ajeer-1431	244	17	each	each	DET
ajeer-1431	244	18	country	country	NOUN
ajeer-1431	244	19	.	.	PUNCT
ajeer-1431	245	1	table-1	table-1	NUM
ajeer-1431	245	2	.	.	PUNCT
ajeer-1431	245	3	benin	benin	PROPN
ajeer-1431	245	4	.	.	PUNCT
ajeer-1431	246	1	table-2	table-2	PROPN
ajeer-1431	246	2	.	.	PUNCT
ajeer-1431	246	3	burkina	burkina	PROPN
ajeer-1431	246	4	faso	faso	PROPN
ajeer-1431	246	5	.	.	PUNCT
ajeer-1431	247	1	structural	structural	ADJ
ajeer-1431	247	2	var	var	PROPN
ajeer-1431	247	3	estimates	estimate	NOUN
ajeer-1431	247	4	model	model	NOUN
ajeer-1431	247	5	:	:	PUNCT
ajeer-1431	247	6	ae	ae	PROPN
ajeer-1431	247	7	=	=	PUNCT
ajeer-1431	248	1	bu	bu	PROPN
ajeer-1431	248	2	where	where	SCONJ
ajeer-1431	248	3	e[uu']=i	e[uu']=i	NOUN
ajeer-1431	248	4	restriction	restriction	NOUN
ajeer-1431	248	5	type	type	NOUN
ajeer-1431	248	6	:	:	PUNCT
ajeer-1431	248	7	long	long	ADJ
ajeer-1431	248	8	-	-	PUNCT
ajeer-1431	248	9	run	run	VERB
ajeer-1431	248	10	pattern	pattern	NOUN
ajeer-1431	248	11	matrix	matrix	NOUN
ajeer-1431	248	12	long	long	ADV
ajeer-1431	248	13	-	-	PUNCT
ajeer-1431	248	14	run	run	VERB
ajeer-1431	248	15	response	response	NOUN
ajeer-1431	248	16	pattern	pattern	NOUN
ajeer-1431	248	17	:	:	PUNCT
ajeer-1431	248	18	c(1	c(1	NOUN
ajeer-1431	248	19	)	)	PUNCT
ajeer-1431	248	20	0	0	NUM
ajeer-1431	248	21	0	0	NUM
ajeer-1431	248	22	c(2	c(2	PROPN
ajeer-1431	248	23	)	)	PUNCT
ajeer-1431	248	24	c(4	c(4	PROPN
ajeer-1431	248	25	)	)	PUNCT
ajeer-1431	248	26	0	0	PUNCT
ajeer-1431	249	1	c(3	c(3	ADJ
ajeer-1431	249	2	)	)	PUNCT
ajeer-1431	249	3	c(5	c(5	PROPN
ajeer-1431	249	4	)	)	PUNCT
ajeer-1431	249	5	c(6	c(6	PROPN
ajeer-1431	249	6	)	)	PUNCT
ajeer-1431	249	7	coefficient	coefficient	NOUN
ajeer-1431	249	8	std	std	PROPN
ajeer-1431	249	9	.	.	PUNCT
ajeer-1431	250	1	error	error	NOUN
ajeer-1431	250	2	z	z	NOUN
ajeer-1431	250	3	-	-	PUNCT
ajeer-1431	250	4	statistic	statistic	ADJ
ajeer-1431	250	5	prob	prob	NOUN
ajeer-1431	250	6	.	.	PUNCT
ajeer-1431	251	1	c(1	c(1	NOUN
ajeer-1431	251	2	)	)	PUNCT
ajeer-1431	251	3	0.645069	0.645069	NUM
ajeer-1431	251	4	0.076022	0.076022	NUM
ajeer-1431	251	5	8.485281	8.485281	NUM
ajeer-1431	251	6	0.0000	0.0000	NUM
ajeer-1431	251	7	c(2	c(2	PROPN
ajeer-1431	251	8	)	)	PUNCT
ajeer-1431	251	9	0.005128	0.005128	NUM
ajeer-1431	251	10	0.000627	0.000627	NUM
ajeer-1431	251	11	8.178976	8.178976	NUM
ajeer-1431	251	12	0.0000	0.0000	NUM
ajeer-1431	251	13	c(3	c(3	PRON
ajeer-1431	251	14	)	)	PUNCT
ajeer-1431	251	15	-29.46430	-29.46430	PUNCT
ajeer-1431	251	16	3.639108	3.639108	NUM
ajeer-1431	251	17	-8.096574	-8.096574	NOUN
ajeer-1431	251	18	0.0000	0.0000	NUM
ajeer-1431	251	19	c(4	c(4	PROPN
ajeer-1431	251	20	)	)	PUNCT
ajeer-1431	251	21	0.001002	0.001002	NUM
ajeer-1431	251	22	0.000118	0.000118	NUM
ajeer-1431	251	23	8.485281	8.485281	NUM
ajeer-1431	251	24	0.0000	0.0000	NUM
ajeer-1431	251	25	c(5	c(5	PROPN
ajeer-1431	251	26	)	)	PUNCT
ajeer-1431	251	27	-5.453202	-5.453202	NOUN
ajeer-1431	251	28	0.878927	0.878927	NUM
ajeer-1431	251	29	-6.204387	-6.204387	NOUN
ajeer-1431	251	30	0.0000	0.0000	NUM
ajeer-1431	251	31	c(6	c(6	NOUN
ajeer-1431	251	32	)	)	PUNCT
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ajeer-1431	251	34	0.423965	0.423965	NUM
ajeer-1431	251	35	8.485281	8.485281	NUM
ajeer-1431	251	36	0.0000	0.0000	NUM
ajeer-1431	251	37	log	log	NOUN
ajeer-1431	251	38	likelihood	likelihood	NOUN
ajeer-1431	251	39	270.6404	270.6404	NUM
ajeer-1431	251	40	estimated	estimate	VERB
ajeer-1431	251	41	a	a	DET
ajeer-1431	251	42	matrix	matrix	NOUN
ajeer-1431	251	43	:	:	PUNCT
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ajeer-1431	251	50	0.000000	0.000000	NUM
ajeer-1431	251	51	0.000000	0.000000	NUM
ajeer-1431	251	52	1.000000	1.000000	NUM
ajeer-1431	251	53	estimated	estimate	VERB
ajeer-1431	251	54	b	b	NOUN
ajeer-1431	251	55	matrix	matrix	NOUN
ajeer-1431	251	56	:	:	PUNCT
ajeer-1431	251	57	0.022019	0.022019	NUM
ajeer-1431	251	58	0.050265	0.050265	NUM
ajeer-1431	251	59	0.000526	0.000526	NUM
ajeer-1431	252	1	-6.92e-05	-6.92e-05	NOUN
ajeer-1431	252	2	1.53e-05	1.53e-05	NUM
ajeer-1431	252	3	9.89e-06	9.89e-06	NUM
ajeer-1431	252	4	0.718459	0.718459	NUM
ajeer-1431	252	5	-0.186569	-0.186569	NOUN
ajeer-1431	252	6	1.912017	1.912017	NUM
ajeer-1431	252	7	.	.	PUNCT
ajeer-1431	253	1	table-3	table-3	NUM
ajeer-1431	253	2	.	.	PUNCT
ajeer-1431	253	3	ivory	ivory	PROPN
ajeer-1431	253	4	coast	coast	PROPN
ajeer-1431	253	5	.	.	PUNCT
ajeer-1431	254	1	structural	structural	ADJ
ajeer-1431	254	2	var	var	PROPN
ajeer-1431	254	3	estimates	estimate	NOUN
ajeer-1431	254	4	model	model	NOUN
ajeer-1431	254	5	:	:	PUNCT
ajeer-1431	254	6	ae	ae	PROPN
ajeer-1431	254	7	=	=	PUNCT
ajeer-1431	255	1	bu	bu	PROPN
ajeer-1431	255	2	where	where	SCONJ
ajeer-1431	255	3	e[uu']=i	e[uu']=i	NOUN
ajeer-1431	255	4	restriction	restriction	NOUN
ajeer-1431	255	5	type	type	NOUN
ajeer-1431	255	6	:	:	PUNCT
ajeer-1431	255	7	long	long	ADJ
ajeer-1431	255	8	-	-	PUNCT
ajeer-1431	255	9	run	run	VERB
ajeer-1431	255	10	pattern	pattern	NOUN
ajeer-1431	255	11	matrix	matrix	NOUN
ajeer-1431	255	12	long	long	ADV
ajeer-1431	255	13	-	-	PUNCT
ajeer-1431	255	14	run	run	VERB
ajeer-1431	255	15	response	response	NOUN
ajeer-1431	255	16	pattern	pattern	NOUN
ajeer-1431	255	17	:	:	PUNCT
ajeer-1431	255	18	c(1	c(1	NOUN
ajeer-1431	255	19	)	)	PUNCT
ajeer-1431	255	20	0	0	NUM
ajeer-1431	255	21	0	0	NUM
ajeer-1431	255	22	c(2	c(2	PROPN
ajeer-1431	255	23	)	)	PUNCT
ajeer-1431	255	24	c(4	c(4	PROPN
ajeer-1431	255	25	)	)	PUNCT
ajeer-1431	255	26	0	0	PUNCT
ajeer-1431	256	1	c(3	c(3	ADJ
ajeer-1431	256	2	)	)	PUNCT
ajeer-1431	256	3	c(5	c(5	PROPN
ajeer-1431	256	4	)	)	PUNCT
ajeer-1431	256	5	c(6	c(6	PROPN
ajeer-1431	256	6	)	)	PUNCT
ajeer-1431	256	7	coefficient	coefficient	NOUN
ajeer-1431	256	8	std	std	PROPN
ajeer-1431	256	9	.	.	PUNCT
ajeer-1431	257	1	error	error	NOUN
ajeer-1431	257	2	z	z	NOUN
ajeer-1431	257	3	-	-	PUNCT
ajeer-1431	257	4	statistic	statistic	ADJ
ajeer-1431	257	5	prob	prob	NOUN
ajeer-1431	257	6	.	.	PUNCT
ajeer-1431	258	1	c(1	c(1	NOUN
ajeer-1431	258	2	)	)	PUNCT
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ajeer-1431	259	1	0.070656	0.070656	NUM
ajeer-1431	259	2	8.485281	8.485281	NUM
ajeer-1431	259	3	0.0000	0.0000	NUM
ajeer-1431	259	4	c(2	c(2	PROPN
ajeer-1431	259	5	)	)	PUNCT
ajeer-1431	259	6	-0.002083	-0.002083	NOUN
ajeer-1431	260	1	0.000466	0.000466	NUM
ajeer-1431	260	2	-4.473220	-4.473220	NOUN
ajeer-1431	260	3	0.0000	0.0000	NUM
ajeer-1431	260	4	c(3	c(3	PRON
ajeer-1431	260	5	)	)	PUNCT
ajeer-1431	260	6	6.160029	6.160029	NUM
ajeer-1431	260	7	1.680145	1.680145	NUM
ajeer-1431	260	8	3.666367	3.666367	NUM
ajeer-1431	260	9	0.0002	0.0002	NUM
ajeer-1431	260	10	c(4	c(4	PROPN
ajeer-1431	260	11	)	)	PUNCT
ajeer-1431	260	12	0.002374	0.002374	NUM
ajeer-1431	260	13	0.000280	0.000280	NUM
ajeer-1431	260	14	8.485281	8.485281	NUM
ajeer-1431	260	15	0.0000	0.0000	NUM
ajeer-1431	260	16	c(5	c(5	NOUN
ajeer-1431	260	17	)	)	PUNCT
ajeer-1431	260	18	-6.932327	-6.932327	NOUN
ajeer-1431	260	19	1.276088	1.276088	NUM
ajeer-1431	260	20	-5.432484	-5.432484	NOUN
ajeer-1431	260	21	0.0000	0.0000	NUM
ajeer-1431	260	22	c(6	c(6	NOUN
ajeer-1431	260	23	)	)	PUNCT
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ajeer-1431	260	25	0.693159	0.693159	NUM
ajeer-1431	260	26	8.485281	8.485281	NUM
ajeer-1431	260	27	0.0000	0.0000	NUM
ajeer-1431	260	28	log	log	NOUN
ajeer-1431	260	29	likelihood	likelihood	NOUN
ajeer-1431	260	30	146.9524	146.9524	NUM
ajeer-1431	260	31	estimated	estimate	VERB
ajeer-1431	260	32	a	a	DET
ajeer-1431	260	33	matrix	matrix	NOUN
ajeer-1431	260	34	:	:	PUNCT
ajeer-1431	260	35	1.000000	1.000000	NUM
ajeer-1431	260	36	0.000000	0.000000	NUM
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ajeer-1431	260	43	1.000000	1.000000	NUM
ajeer-1431	260	44	estimated	estimate	VERB
ajeer-1431	260	45	b	b	NOUN
ajeer-1431	260	46	matrix	matrix	NOUN
ajeer-1431	260	47	:	:	PUNCT
ajeer-1431	260	48	0.261405	0.261405	NUM
ajeer-1431	260	49	0.426400	0.426400	NUM
ajeer-1431	260	50	0.273126	0.273126	NUM
ajeer-1431	260	51	-9.53e-05	-9.53e-05	NOUN
ajeer-1431	260	52	0.000220	0.000220	NUM
ajeer-1431	260	53	8.17e-05	8.17e-05	NUM
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ajeer-1431	260	55	-0.591264	-0.591264	NOUN
ajeer-1431	260	56	2.062596	2.062596	NUM
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ajeer-1431	260	58	var	var	NOUN
ajeer-1431	260	59	estimates	estimate	NOUN
ajeer-1431	260	60	model	model	NOUN
ajeer-1431	260	61	:	:	PUNCT
ajeer-1431	261	1	ae	ae	PROPN
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ajeer-1431	262	1	bu	bu	PROPN
ajeer-1431	262	2	where	where	SCONJ
ajeer-1431	262	3	e[uu']=i	e[uu']=i	NOUN
ajeer-1431	262	4	restriction	restriction	NOUN
ajeer-1431	262	5	type	type	NOUN
ajeer-1431	262	6	:	:	PUNCT
ajeer-1431	262	7	long	long	ADJ
ajeer-1431	262	8	-	-	PUNCT
ajeer-1431	262	9	run	run	VERB
ajeer-1431	262	10	pattern	pattern	NOUN
ajeer-1431	262	11	matrix	matrix	NOUN
ajeer-1431	262	12	long	long	ADV
ajeer-1431	262	13	-	-	PUNCT
ajeer-1431	262	14	run	run	VERB
ajeer-1431	262	15	response	response	NOUN
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ajeer-1431	262	17	:	:	PUNCT
ajeer-1431	262	18	c(1	c(1	NOUN
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ajeer-1431	262	20	0	0	NUM
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ajeer-1431	262	22	c(2	c(2	PROPN
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ajeer-1431	262	24	c(4	c(4	PROPN
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ajeer-1431	262	26	0	0	PUNCT
ajeer-1431	263	1	c(3	c(3	ADJ
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ajeer-1431	263	3	c(5	c(5	PROPN
ajeer-1431	263	4	)	)	PUNCT
ajeer-1431	263	5	c(6	c(6	PROPN
ajeer-1431	263	6	)	)	PUNCT
ajeer-1431	263	7	coefficient	coefficient	NOUN
ajeer-1431	263	8	std	std	PROPN
ajeer-1431	263	9	.	.	PUNCT
ajeer-1431	264	1	error	error	NOUN
ajeer-1431	264	2	z	z	NOUN
ajeer-1431	264	3	-	-	PUNCT
ajeer-1431	264	4	statistic	statistic	ADJ
ajeer-1431	264	5	prob	prob	NOUN
ajeer-1431	264	6	.	.	PUNCT
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ajeer-1431	265	4	0.069795	0.069795	NUM
ajeer-1431	265	5	8.485281	8.485281	NUM
ajeer-1431	265	6	0.0000	0.0000	NUM
ajeer-1431	265	7	c(2	c(2	PROPN
ajeer-1431	265	8	)	)	PUNCT
ajeer-1431	265	9	0.002779	0.002779	NUM
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ajeer-1431	266	2	2.698684	2.698684	NUM
ajeer-1431	266	3	0.0070	0.0070	NUM
ajeer-1431	266	4	c(3	c(3	PRON
ajeer-1431	266	5	)	)	PUNCT
ajeer-1431	266	6	-9.829070	-9.829070	VERB
ajeer-1431	266	7	2.953150	2.953150	NUM
ajeer-1431	266	8	-3.328334	-3.328334	NOUN
ajeer-1431	266	9	0.0009	0.0009	NUM
ajeer-1431	266	10	c(4	c(4	PROPN
ajeer-1431	266	11	)	)	PUNCT
ajeer-1431	267	1	0.005857	0.005857	NUM
ajeer-1431	267	2	0.000690	0.000690	NUM
ajeer-1431	267	3	8.485281	8.485281	NUM
ajeer-1431	267	4	0.0000	0.0000	NUM
ajeer-1431	267	5	c(5	c(5	NOUN
ajeer-1431	267	6	)	)	PUNCT
ajeer-1431	267	7	-16.16480	-16.16480	NUM
ajeer-1431	267	8	1.936518	1.936518	NUM
ajeer-1431	267	9	-8.347354	-8.347354	NOUN
ajeer-1431	267	10	0.0000	0.0000	NUM
ajeer-1431	267	11	c(6	c(6	NOUN
ajeer-1431	267	12	)	)	PUNCT
ajeer-1431	267	13	2.086451	2.086451	NUM
ajeer-1431	267	14	0.245891	0.245891	NUM
ajeer-1431	267	15	8.485281	8.485281	NUM
ajeer-1431	267	16	0.0000	0.0000	NUM
ajeer-1431	267	17	log	log	NOUN
ajeer-1431	267	18	likelihood	likelihood	NOUN
ajeer-1431	267	19	182.6129	182.6129	NUM
ajeer-1431	267	20	asian	asian	ADJ
ajeer-1431	267	21	journal	journal	NOUN
ajeer-1431	267	22	of	of	ADP
ajeer-1431	267	23	economics	economic	NOUN
ajeer-1431	267	24	and	and	CCONJ
ajeer-1431	267	25	empirical	empirical	ADJ
ajeer-1431	267	26	research	research	NOUN
ajeer-1431	267	27	,	,	PUNCT
ajeer-1431	267	28	2020	2020	NUM
ajeer-1431	267	29	,	,	PUNCT
ajeer-1431	267	30	7(1	7(1	NUM
ajeer-1431	267	31	):	):	PUNCT
ajeer-1431	267	32	46	46	NUM
ajeer-1431	267	33	-	-	SYM
ajeer-1431	267	34	63	63	NUM
ajeer-1431	267	35	53	53	NUM
ajeer-1431	267	36	©	©	PROPN
ajeer-1431	267	37	2020	2020	NUM
ajeer-1431	267	38	by	by	ADP
ajeer-1431	267	39	the	the	DET
ajeer-1431	267	40	authors	author	NOUN
ajeer-1431	267	41	;	;	PUNCT
ajeer-1431	267	42	licensee	licensee	PROPN
ajeer-1431	267	43	asian	asian	ADJ
ajeer-1431	267	44	online	online	PROPN
ajeer-1431	267	45	journal	journal	PROPN
ajeer-1431	267	46	publishing	publishing	PROPN
ajeer-1431	267	47	group	group	PROPN
ajeer-1431	267	48	table-4	table-4	PROPN
ajeer-1431	267	49	.	.	PUNCT
ajeer-1431	267	50	mali	mali	PROPN
ajeer-1431	267	51	.	.	PUNCT
ajeer-1431	268	1	structural	structural	ADJ
ajeer-1431	268	2	var	var	PROPN
ajeer-1431	268	3	estimates	estimate	NOUN
ajeer-1431	268	4	model	model	NOUN
ajeer-1431	268	5	:	:	PUNCT
ajeer-1431	268	6	ae	ae	PROPN
ajeer-1431	268	7	=	=	PUNCT
ajeer-1431	269	1	bu	bu	PROPN
ajeer-1431	269	2	where	where	SCONJ
ajeer-1431	269	3	e[uu']=i	e[uu']=i	NOUN
ajeer-1431	269	4	restriction	restriction	NOUN
ajeer-1431	269	5	type	type	NOUN
ajeer-1431	269	6	:	:	PUNCT
ajeer-1431	269	7	long	long	ADJ
ajeer-1431	269	8	-	-	PUNCT
ajeer-1431	269	9	run	run	VERB
ajeer-1431	269	10	pattern	pattern	NOUN
ajeer-1431	269	11	matrix	matrix	NOUN
ajeer-1431	269	12	long	long	ADV
ajeer-1431	269	13	-	-	PUNCT
ajeer-1431	269	14	run	run	VERB
ajeer-1431	269	15	response	response	NOUN
ajeer-1431	269	16	pattern	pattern	NOUN
ajeer-1431	269	17	:	:	PUNCT
ajeer-1431	269	18	c(1	c(1	NOUN
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ajeer-1431	269	20	0	0	NUM
ajeer-1431	269	21	0	0	NUM
ajeer-1431	269	22	c(2	c(2	PROPN
ajeer-1431	269	23	)	)	PUNCT
ajeer-1431	269	24	c(4	c(4	PROPN
ajeer-1431	269	25	)	)	PUNCT
ajeer-1431	269	26	0	0	PUNCT
ajeer-1431	270	1	c(3	c(3	ADJ
ajeer-1431	270	2	)	)	PUNCT
ajeer-1431	270	3	c(5	c(5	PROPN
ajeer-1431	270	4	)	)	PUNCT
ajeer-1431	270	5	c(6	c(6	PROPN
ajeer-1431	270	6	)	)	PUNCT
ajeer-1431	270	7	coefficient	coefficient	NOUN
ajeer-1431	270	8	std	std	PROPN
ajeer-1431	270	9	.	.	PUNCT
ajeer-1431	271	1	error	error	NOUN
ajeer-1431	271	2	z	z	NOUN
ajeer-1431	271	3	-	-	PUNCT
ajeer-1431	271	4	statistic	statistic	ADJ
ajeer-1431	271	5	prob	prob	NOUN
ajeer-1431	271	6	.	.	PUNCT
ajeer-1431	272	1	c(1	c(1	NOUN
ajeer-1431	272	2	)	)	PUNCT
ajeer-1431	272	3	0.233255	0.233255	NUM
ajeer-1431	272	4	0.027489	0.027489	NUM
ajeer-1431	272	5	8.485281	8.485281	NUM
ajeer-1431	272	6	0.0000	0.0000	NUM
ajeer-1431	272	7	c(2	c(2	PROPN
ajeer-1431	272	8	)	)	PUNCT
ajeer-1431	272	9	-0.002005	-0.002005	NOUN
ajeer-1431	272	10	0.001164	0.001164	NUM
ajeer-1431	272	11	-1.723294	-1.723294	NOUN
ajeer-1431	272	12	0.0848	0.0848	NUM
ajeer-1431	272	13	c(3	c(3	ADJ
ajeer-1431	272	14	)	)	PUNCT
ajeer-1431	272	15	-2.988173	-2.988173	NOUN
ajeer-1431	272	16	1.510846	1.510846	NUM
ajeer-1431	272	17	-1.977815	-1.977815	NOUN
ajeer-1431	272	18	0.0479	0.0479	NUM
ajeer-1431	272	19	c(4	c(4	PROPN
ajeer-1431	272	20	)	)	PUNCT
ajeer-1431	272	21	0.006837	0.006837	NUM
ajeer-1431	272	22	0.000806	0.000806	NUM
ajeer-1431	272	23	8.485281	8.485281	NUM
ajeer-1431	272	24	0.0000	0.0000	NUM
ajeer-1431	272	25	c(5	c(5	NOUN
ajeer-1431	272	26	)	)	PUNCT
ajeer-1431	272	27	-7.870244	-7.870244	NOUN
ajeer-1431	272	28	1.139452	1.139452	NUM
ajeer-1431	272	29	-6.907045	-6.907045	ADJ
ajeer-1431	272	30	0.0000	0.0000	NUM
ajeer-1431	272	31	c(6	c(6	NOUN
ajeer-1431	272	32	)	)	PUNCT
ajeer-1431	272	33	3.971175	3.971175	NUM
ajeer-1431	272	34	0.468007	0.468007	NUM
ajeer-1431	272	35	8.485281	8.485281	NUM
ajeer-1431	272	36	0.0000	0.0000	NUM
ajeer-1431	272	37	log	log	NOUN
ajeer-1431	272	38	likelihood	likelihood	NOUN
ajeer-1431	272	39	150.4089	150.4089	NUM
ajeer-1431	272	40	estimated	estimate	VERB
ajeer-1431	272	41	a	a	DET
ajeer-1431	272	42	matrix	matrix	NOUN
ajeer-1431	272	43	:	:	PUNCT
ajeer-1431	272	44	1.000000	1.000000	NUM
ajeer-1431	272	45	0.000000	0.000000	NUM
ajeer-1431	272	46	0.000000	0.000000	NUM
ajeer-1431	272	47	0.000000	0.000000	NUM
ajeer-1431	272	48	1.000000	1.000000	NUM
ajeer-1431	272	49	0.000000	0.000000	NUM
ajeer-1431	272	50	0.000000	0.000000	NUM
ajeer-1431	272	51	0.000000	0.000000	NUM
ajeer-1431	272	52	1.000000	1.000000	NUM
ajeer-1431	272	53	estimated	estimate	VERB
ajeer-1431	272	54	b	b	NOUN
ajeer-1431	272	55	matrix	matrix	NOUN
ajeer-1431	272	56	:	:	PUNCT
ajeer-1431	272	57	0.102250	0.102250	NUM
ajeer-1431	272	58	0.085829	0.085829	NUM
ajeer-1431	272	59	0.119475	0.119475	NUM
ajeer-1431	272	60	-0.000321	-0.000321	NOUN
ajeer-1431	272	61	0.000461	0.000461	NUM
ajeer-1431	272	62	8.85e-05	8.85e-05	NUM
ajeer-1431	272	63	-0.675467	-0.675467	NOUN
ajeer-1431	272	64	-1.059857	-1.059857	NOUN
ajeer-1431	272	65	1.805503	1.805503	NUM
ajeer-1431	272	66	table-5	table-5	PROPN
ajeer-1431	272	67	.	.	PUNCT
ajeer-1431	273	1	niger	niger	PROPN
ajeer-1431	273	2	.	.	PUNCT
ajeer-1431	274	1	table-6	table-6	PROPN
ajeer-1431	274	2	.	.	PUNCT
ajeer-1431	275	1	senegal	senegal	PROPN
ajeer-1431	275	2	.	.	PUNCT
ajeer-1431	276	1	structural	structural	ADJ
ajeer-1431	276	2	var	var	PROPN
ajeer-1431	276	3	estimates	estimate	NOUN
ajeer-1431	276	4	model	model	NOUN
ajeer-1431	276	5	:	:	PUNCT
ajeer-1431	276	6	ae	ae	PROPN
ajeer-1431	276	7	=	=	PUNCT
ajeer-1431	277	1	bu	bu	PROPN
ajeer-1431	277	2	where	where	SCONJ
ajeer-1431	277	3	e[uu']=i	e[uu']=i	NOUN
ajeer-1431	277	4	restriction	restriction	NOUN
ajeer-1431	277	5	type	type	NOUN
ajeer-1431	277	6	:	:	PUNCT
ajeer-1431	277	7	long	long	ADJ
ajeer-1431	277	8	-	-	PUNCT
ajeer-1431	277	9	run	run	VERB
ajeer-1431	277	10	pattern	pattern	NOUN
ajeer-1431	277	11	matrix	matrix	NOUN
ajeer-1431	277	12	long	long	ADV
ajeer-1431	277	13	-	-	PUNCT
ajeer-1431	277	14	run	run	VERB
ajeer-1431	277	15	response	response	NOUN
ajeer-1431	277	16	pattern	pattern	NOUN
ajeer-1431	277	17	:	:	PUNCT
ajeer-1431	277	18	c(1	c(1	NOUN
ajeer-1431	277	19	)	)	PUNCT
ajeer-1431	277	20	0	0	NUM
ajeer-1431	277	21	0	0	NUM
ajeer-1431	277	22	c(2	c(2	PROPN
ajeer-1431	277	23	)	)	PUNCT
ajeer-1431	277	24	c(4	c(4	PROPN
ajeer-1431	277	25	)	)	PUNCT
ajeer-1431	277	26	0	0	PUNCT
ajeer-1431	278	1	c(3	c(3	ADJ
ajeer-1431	278	2	)	)	PUNCT
ajeer-1431	278	3	c(5	c(5	PROPN
ajeer-1431	278	4	)	)	PUNCT
ajeer-1431	278	5	c(6	c(6	PROPN
ajeer-1431	278	6	)	)	PUNCT
ajeer-1431	278	7	coefficient	coefficient	NOUN
ajeer-1431	278	8	std	std	PROPN
ajeer-1431	278	9	.	.	PUNCT
ajeer-1431	279	1	error	error	NOUN
ajeer-1431	279	2	z	z	NOUN
ajeer-1431	279	3	-	-	PUNCT
ajeer-1431	279	4	statistic	statistic	ADJ
ajeer-1431	279	5	prob	prob	NOUN
ajeer-1431	279	6	.	.	PUNCT
ajeer-1431	280	1	c(1	c(1	NOUN
ajeer-1431	280	2	)	)	PUNCT
ajeer-1431	280	3	0.134091	0.134091	NUM
ajeer-1431	280	4	0.015803	0.015803	NUM
ajeer-1431	280	5	8.485281	8.485281	NUM
ajeer-1431	280	6	0.0000	0.0000	NUM
ajeer-1431	280	7	c(2	c(2	PROPN
ajeer-1431	280	8	)	)	PUNCT
ajeer-1431	280	9	-0.005949	-0.005949	NOUN
ajeer-1431	281	1	0.000982	0.000982	NUM
ajeer-1431	281	2	-6.058407	-6.058407	NOUN
ajeer-1431	281	3	0.0000	0.0000	NUM
ajeer-1431	281	4	c(3	c(3	PRON
ajeer-1431	281	5	)	)	PUNCT
ajeer-1431	281	6	14.65886	14.65886	NUM
ajeer-1431	281	7	2.727122	2.727122	NUM
ajeer-1431	281	8	5.375210	5.375210	NUM
ajeer-1431	281	9	0.0000	0.0000	NUM
ajeer-1431	281	10	c(4	c(4	PROPN
ajeer-1431	281	11	)	)	PUNCT
ajeer-1431	281	12	0.004125	0.004125	NUM
ajeer-1431	281	13	0.000486	0.000486	NUM
ajeer-1431	281	14	8.485281	8.485281	NUM
ajeer-1431	281	15	0.0000	0.0000	NUM
ajeer-1431	281	16	c(5	c(5	NOUN
ajeer-1431	281	17	)	)	PUNCT
ajeer-1431	281	18	-12.41677	-12.41677	NUM
ajeer-1431	282	1	1.520325	1.520325	NUM
ajeer-1431	282	2	-8.167185	-8.167185	NOUN
ajeer-1431	282	3	0.0000	0.0000	NUM
ajeer-1431	282	4	estimated	estimate	VERB
ajeer-1431	282	5	a	a	DET
ajeer-1431	282	6	matrix	matrix	NOUN
ajeer-1431	282	7	:	:	PUNCT
ajeer-1431	282	8	1.000000	1.000000	NUM
ajeer-1431	282	9	0.000000	0.000000	NUM
ajeer-1431	282	10	0.000000	0.000000	NUM
ajeer-1431	282	11	0.000000	0.000000	NUM
ajeer-1431	282	12	1.000000	1.000000	NUM
ajeer-1431	282	13	0.000000	0.000000	NUM
ajeer-1431	282	14	0.000000	0.000000	NUM
ajeer-1431	282	15	0.000000	0.000000	NUM
ajeer-1431	282	16	1.000000	1.000000	NUM
ajeer-1431	282	17	estimated	estimate	VERB
ajeer-1431	282	18	b	b	NOUN
ajeer-1431	282	19	matrix	matrix	NOUN
ajeer-1431	282	20	:	:	PUNCT
ajeer-1431	283	1	0.261607	0.261607	NUM
ajeer-1431	283	2	0.042895	0.042895	NUM
ajeer-1431	283	3	0.111769	0.111769	NUM
ajeer-1431	283	4	-7.14e-05	-7.14e-05	NOUN
ajeer-1431	283	5	0.000134	0.000134	NUM
ajeer-1431	283	6	6.39e-05	6.39e-05	NUM
ajeer-1431	283	7	0.159668	0.159668	NUM
ajeer-1431	283	8	-1.172665	-1.172665	NOUN
ajeer-1431	283	9	1.622546	1.622546	NUM
ajeer-1431	283	10	structural	structural	ADJ
ajeer-1431	283	11	var	var	NOUN
ajeer-1431	283	12	estimates	estimate	NOUN
ajeer-1431	283	13	model	model	NOUN
ajeer-1431	283	14	:	:	PUNCT
ajeer-1431	283	15	ae	ae	PROPN
ajeer-1431	283	16	=	=	PUNCT
ajeer-1431	284	1	bu	bu	PROPN
ajeer-1431	284	2	where	where	SCONJ
ajeer-1431	284	3	e[uu']=i	e[uu']=i	NOUN
ajeer-1431	284	4	restriction	restriction	NOUN
ajeer-1431	284	5	type	type	NOUN
ajeer-1431	284	6	:	:	PUNCT
ajeer-1431	284	7	long	long	ADJ
ajeer-1431	284	8	-	-	PUNCT
ajeer-1431	284	9	run	run	VERB
ajeer-1431	284	10	pattern	pattern	NOUN
ajeer-1431	284	11	matrix	matrix	NOUN
ajeer-1431	284	12	long	long	ADV
ajeer-1431	284	13	-	-	PUNCT
ajeer-1431	284	14	run	run	VERB
ajeer-1431	284	15	response	response	NOUN
ajeer-1431	284	16	pattern	pattern	NOUN
ajeer-1431	284	17	:	:	PUNCT
ajeer-1431	284	18	c(1	c(1	NOUN
ajeer-1431	284	19	)	)	PUNCT
ajeer-1431	284	20	0	0	NUM
ajeer-1431	284	21	0	0	NUM
ajeer-1431	284	22	c(2	c(2	PROPN
ajeer-1431	284	23	)	)	PUNCT
ajeer-1431	284	24	c(4	c(4	PROPN
ajeer-1431	284	25	)	)	PUNCT
ajeer-1431	284	26	0	0	PUNCT
ajeer-1431	285	1	c(3	c(3	ADJ
ajeer-1431	285	2	)	)	PUNCT
ajeer-1431	285	3	c(5	c(5	PROPN
ajeer-1431	285	4	)	)	PUNCT
ajeer-1431	285	5	c(6	c(6	PROPN
ajeer-1431	285	6	)	)	PUNCT
ajeer-1431	285	7	coefficient	coefficient	NOUN
ajeer-1431	285	8	std	std	PROPN
ajeer-1431	285	9	.	.	PUNCT
ajeer-1431	286	1	error	error	NOUN
ajeer-1431	286	2	z	z	NOUN
ajeer-1431	286	3	-	-	PUNCT
ajeer-1431	286	4	statistic	statistic	ADJ
ajeer-1431	286	5	prob	prob	NOUN
ajeer-1431	286	6	.	.	PUNCT
ajeer-1431	287	1	c(1	c(1	NOUN
ajeer-1431	287	2	)	)	PUNCT
ajeer-1431	287	3	0.607951	0.607951	NUM
ajeer-1431	287	4	0.071648	0.071648	NUM
ajeer-1431	287	5	8.485281	8.485281	NUM
ajeer-1431	287	6	0.0000	0.0000	NUM
ajeer-1431	287	7	c(2	c(2	PROPN
ajeer-1431	287	8	)	)	PUNCT
ajeer-1431	287	9	0.003046	0.003046	NUM
ajeer-1431	288	1	0.000362	0.000362	NUM
ajeer-1431	288	2	8.404493	8.404493	NUM
ajeer-1431	288	3	0.0000	0.0000	NUM
ajeer-1431	288	4	c(3	c(3	PRON
ajeer-1431	288	5	)	)	PUNCT
ajeer-1431	288	6	-34.46490	-34.46490	PUNCT
ajeer-1431	288	7	4.179422	4.179422	NUM
ajeer-1431	288	8	-8.246333	-8.246333	NOUN
ajeer-1431	288	9	0.0000	0.0000	NUM
ajeer-1431	288	10	c(4	c(4	NOUN
ajeer-1431	288	11	)	)	PUNCT
ajeer-1431	288	12	0.000299	0.000299	NOUN
ajeer-1431	288	13	3.53e-05	3.53e-05	NUM
ajeer-1431	288	14	8.485281	8.485281	NUM
ajeer-1431	288	15	0.0000	0.0000	NUM
ajeer-1431	288	16	c(5	c(5	NOUN
ajeer-1431	288	17	)	)	PUNCT
ajeer-1431	288	18	-3.506690	-3.506690	NOUN
ajeer-1431	289	1	0.893949	0.893949	NUM
ajeer-1431	289	2	-3.922695	-3.922695	NOUN
ajeer-1431	289	3	0.0001	0.0001	NUM
ajeer-1431	289	4	c(6	c(6	NOUN
ajeer-1431	289	5	)	)	PUNCT
ajeer-1431	289	6	4.756132	4.756132	NUM
ajeer-1431	289	7	0.560516	0.560516	NUM
ajeer-1431	289	8	8.485281	8.485281	NUM
ajeer-1431	289	9	0.0000	0.0000	NUM
ajeer-1431	289	10	log	log	NOUN
ajeer-1431	289	11	likelihood	likelihood	NOUN
ajeer-1431	289	12	283.7102	283.7102	NUM
ajeer-1431	289	13	estimated	estimate	VERB
ajeer-1431	289	14	a	a	DET
ajeer-1431	289	15	matrix	matrix	NOUN
ajeer-1431	289	16	:	:	PUNCT
ajeer-1431	289	17	1.000000	1.000000	NUM
ajeer-1431	289	18	0.000000	0.000000	NUM
ajeer-1431	289	19	0.000000	0.000000	NUM
ajeer-1431	289	20	0.000000	0.000000	NUM
ajeer-1431	289	21	1.000000	1.000000	NUM
ajeer-1431	289	22	0.000000	0.000000	NUM
ajeer-1431	289	23	0.000000	0.000000	NUM
ajeer-1431	289	24	0.000000	0.000000	NUM
ajeer-1431	289	25	1.000000	1.000000	NUM
ajeer-1431	289	26	estimated	estimate	VERB
ajeer-1431	289	27	b	b	NOUN
ajeer-1431	289	28	matrix	matrix	NOUN
ajeer-1431	289	29	:	:	PUNCT
ajeer-1431	289	30	0.005900	0.005900	NUM
ajeer-1431	289	31	0.041085	0.041085	NUM
ajeer-1431	289	32	0.001756	0.001756	NUM
ajeer-1431	289	33	-5.98e-05	-5.98e-05	PUNCT
ajeer-1431	289	34	3.84e-06	3.84e-06	NUM
ajeer-1431	289	35	1.91e-05	1.91e-05	NUM
ajeer-1431	289	36	1.448429	1.448429	NUM
ajeer-1431	289	37	-0.065400	-0.065400	NOUN
ajeer-1431	289	38	1.698540	1.698540	NUM
ajeer-1431	289	39	asian	asian	ADJ
ajeer-1431	289	40	journal	journal	NOUN
ajeer-1431	289	41	of	of	ADP
ajeer-1431	289	42	economics	economic	NOUN
ajeer-1431	289	43	and	and	CCONJ
ajeer-1431	289	44	empirical	empirical	ADJ
ajeer-1431	289	45	research	research	NOUN
ajeer-1431	289	46	,	,	PUNCT
ajeer-1431	289	47	2020	2020	NUM
ajeer-1431	289	48	,	,	PUNCT
ajeer-1431	289	49	7(1	7(1	NUM
ajeer-1431	289	50	):	):	PUNCT
ajeer-1431	289	51	46	46	NUM
ajeer-1431	289	52	-	-	SYM
ajeer-1431	289	53	63	63	NUM
ajeer-1431	289	54	54	54	NUM
ajeer-1431	289	55	©	©	PROPN
ajeer-1431	289	56	2020	2020	NUM
ajeer-1431	289	57	by	by	ADP
ajeer-1431	289	58	the	the	DET
ajeer-1431	289	59	authors	author	NOUN
ajeer-1431	289	60	;	;	PUNCT
ajeer-1431	289	61	licensee	licensee	PROPN
ajeer-1431	289	62	asian	asian	ADJ
ajeer-1431	289	63	online	online	PROPN
ajeer-1431	289	64	journal	journal	PROPN
ajeer-1431	289	65	publishing	publishing	PROPN
ajeer-1431	289	66	group	group	PROPN
ajeer-1431	289	67	c(6	c(6	PROPN
ajeer-1431	289	68	)	)	PUNCT
ajeer-1431	289	69	2.474230	2.474230	NUM
ajeer-1431	289	70	0.291591	0.291591	NUM
ajeer-1431	289	71	8.485281	8.485281	NUM
ajeer-1431	289	72	0.0000	0.0000	NUM
ajeer-1431	289	73	log	log	NOUN
ajeer-1431	289	74	likelihood	likelihood	NOUN
ajeer-1431	289	75	267.7569	267.7569	NUM
ajeer-1431	289	76	estimated	estimate	VERB
ajeer-1431	289	77	a	a	DET
ajeer-1431	289	78	matrix	matrix	NOUN
ajeer-1431	289	79	:	:	PUNCT
ajeer-1431	289	80	1.000000	1.000000	NUM
ajeer-1431	289	81	0.000000	0.000000	NUM
ajeer-1431	289	82	0.000000	0.000000	NUM
ajeer-1431	289	83	0.000000	0.000000	NUM
ajeer-1431	289	84	1.000000	1.000000	NUM
ajeer-1431	289	85	0.000000	0.000000	NUM
ajeer-1431	289	86	0.000000	0.000000	NUM
ajeer-1431	289	87	0.000000	0.000000	NUM
ajeer-1431	289	88	1.000000	1.000000	NUM
ajeer-1431	289	89	estimated	estimate	VERB
ajeer-1431	289	90	b	b	NOUN
ajeer-1431	289	91	matrix	matrix	NOUN
ajeer-1431	289	92	:	:	PUNCT
ajeer-1431	289	93	0.004875	0.004875	NUM
ajeer-1431	289	94	0.017399	0.017399	NUM
ajeer-1431	289	95	0.004402	0.004402	NUM
ajeer-1431	289	96	-0.000208	-0.000208	NOUN
ajeer-1431	289	97	0.000113	0.000113	NUM
ajeer-1431	289	98	-1.78e-05	-1.78e-05	NOUN
ajeer-1431	289	99	-0.180897	-0.180897	NOUN
ajeer-1431	289	100	-0.946494	-0.946494	VERB
ajeer-1431	289	101	1.775149	1.775149	NUM
ajeer-1431	289	102	table-7	table-7	NUM
ajeer-1431	289	103	.	.	PUNCT
ajeer-1431	290	1	togo	togo	PROPN
ajeer-1431	290	2	structural	structural	ADJ
ajeer-1431	290	3	var	var	PROPN
ajeer-1431	290	4	estimates	estimate	NOUN
ajeer-1431	290	5	model	model	NOUN
ajeer-1431	290	6	:	:	PUNCT
ajeer-1431	290	7	ae	ae	PROPN
ajeer-1431	290	8	=	=	PUNCT
ajeer-1431	291	1	bu	bu	PROPN
ajeer-1431	291	2	where	where	SCONJ
ajeer-1431	291	3	e[uu']=i	e[uu']=i	NOUN
ajeer-1431	291	4	restriction	restriction	NOUN
ajeer-1431	291	5	type	type	NOUN
ajeer-1431	291	6	:	:	PUNCT
ajeer-1431	291	7	long	long	ADJ
ajeer-1431	291	8	-	-	PUNCT
ajeer-1431	291	9	run	run	VERB
ajeer-1431	291	10	pattern	pattern	NOUN
ajeer-1431	291	11	matrix	matrix	NOUN
ajeer-1431	291	12	long	long	ADV
ajeer-1431	291	13	-	-	PUNCT
ajeer-1431	291	14	run	run	VERB
ajeer-1431	291	15	response	response	NOUN
ajeer-1431	291	16	pattern	pattern	NOUN
ajeer-1431	291	17	:	:	PUNCT
ajeer-1431	291	18	c(1	c(1	NOUN
ajeer-1431	291	19	)	)	PUNCT
ajeer-1431	291	20	0	0	NUM
ajeer-1431	291	21	0	0	NUM
ajeer-1431	291	22	c(2	c(2	PROPN
ajeer-1431	291	23	)	)	PUNCT
ajeer-1431	291	24	c(4	c(4	PROPN
ajeer-1431	291	25	)	)	PUNCT
ajeer-1431	291	26	0	0	PUNCT
ajeer-1431	292	1	c(3	c(3	ADJ
ajeer-1431	292	2	)	)	PUNCT
ajeer-1431	292	3	c(5	c(5	PROPN
ajeer-1431	292	4	)	)	PUNCT
ajeer-1431	292	5	c(6	c(6	PROPN
ajeer-1431	292	6	)	)	PUNCT
ajeer-1431	292	7	coefficient	coefficient	NOUN
ajeer-1431	292	8	std	std	PROPN
ajeer-1431	292	9	.	.	PUNCT
ajeer-1431	293	1	error	error	NOUN
ajeer-1431	293	2	z	z	NOUN
ajeer-1431	293	3	-	-	PUNCT
ajeer-1431	293	4	statistic	statistic	ADJ
ajeer-1431	293	5	prob	prob	NOUN
ajeer-1431	293	6	.	.	PUNCT
ajeer-1431	294	1	c(1	c(1	NOUN
ajeer-1431	294	2	)	)	PUNCT
ajeer-1431	294	3	0.414974	0.414974	NUM
ajeer-1431	294	4	0.048905	0.048905	NUM
ajeer-1431	294	5	8.485281	8.485281	NUM
ajeer-1431	294	6	0.0000	0.0000	NUM
ajeer-1431	294	7	c(2	c(2	PROPN
ajeer-1431	294	8	)	)	PUNCT
ajeer-1431	294	9	0.007850	0.007850	NUM
ajeer-1431	294	10	0.001048	0.001048	NUM
ajeer-1431	294	11	7.493661	7.493661	NUM
ajeer-1431	294	12	0.0000	0.0000	NUM
ajeer-1431	294	13	c(3	c(3	PRON
ajeer-1431	294	14	)	)	PUNCT
ajeer-1431	295	1	-45.48492	-45.48492	PUNCT
ajeer-1431	295	2	5.953699	5.953699	NUM
ajeer-1431	295	3	-7.639775	-7.639775	NOUN
ajeer-1431	295	4	0.0000	0.0000	NUM
ajeer-1431	295	5	c(4	c(4	PROPN
ajeer-1431	295	6	)	)	PUNCT
ajeer-1431	295	7	-0.002948	-0.002948	NOUN
ajeer-1431	296	1	0.000347	0.000347	NUM
ajeer-1431	296	2	-8.485281	-8.485281	X
ajeer-1431	296	3	0.0000	0.0000	NUM
ajeer-1431	296	4	c(5	c(5	SYM
ajeer-1431	296	5	)	)	PUNCT
ajeer-1431	296	6	15.31136	15.31136	NUM
ajeer-1431	296	7	1.859042	1.859042	NUM
ajeer-1431	296	8	8.236156	8.236156	NUM
ajeer-1431	296	9	0.0000	0.0000	NUM
ajeer-1431	296	10	c(6	c(6	NOUN
ajeer-1431	296	11	)	)	PUNCT
ajeer-1431	296	12	2.682997	2.682997	NUM
ajeer-1431	296	13	0.316194	0.316194	NUM
ajeer-1431	296	14	8.485281	8.485281	NUM
ajeer-1431	296	15	0.0000	0.0000	NUM
ajeer-1431	296	16	log	log	NOUN
ajeer-1431	296	17	likelihood	likelihood	NOUN
ajeer-1431	296	18	244.3602	244.3602	NUM
ajeer-1431	296	19	estimated	estimate	VERB
ajeer-1431	296	20	a	a	DET
ajeer-1431	296	21	matrix	matrix	NOUN
ajeer-1431	296	22	:	:	PUNCT
ajeer-1431	296	23	1.000000	1.000000	NUM
ajeer-1431	296	24	0.000000	0.000000	NUM
ajeer-1431	296	25	0.000000	0.000000	NUM
ajeer-1431	296	26	0.000000	0.000000	NUM
ajeer-1431	296	27	1.000000	1.000000	NUM
ajeer-1431	296	28	0.000000	0.000000	NUM
ajeer-1431	296	29	0.000000	0.000000	NUM
ajeer-1431	296	30	0.000000	0.000000	NUM
ajeer-1431	296	31	1.000000	1.000000	NUM
ajeer-1431	296	32	estimated	estimate	VERB
ajeer-1431	296	33	b	b	NOUN
ajeer-1431	296	34	matrix	matrix	NOUN
ajeer-1431	296	35	:	:	PUNCT
ajeer-1431	296	36	0.044472	0.044472	NUM
ajeer-1431	296	37	-0.050939	-0.050939	NOUN
ajeer-1431	296	38	0.005758	0.005758	NUM
ajeer-1431	296	39	0.000112	0.000112	NUM
ajeer-1431	296	40	7.22e-05	7.22e-05	NUM
ajeer-1431	296	41	9.13e-06	9.13e-06	NUM
ajeer-1431	296	42	-0.201110	-0.201110	NOUN
ajeer-1431	296	43	-0.373628	-0.373628	X
ajeer-1431	297	1	1.780004	1.780004	NUM
ajeer-1431	297	2	after	after	ADP
ajeer-1431	297	3	the	the	DET
ajeer-1431	297	4	svar	svar	PROPN
ajeer-1431	297	5	estimation	estimation	PROPN
ajeer-1431	297	6	,	,	PUNCT
ajeer-1431	297	7	by	by	ADP
ajeer-1431	297	8	applying	apply	VERB
ajeer-1431	297	9	structural	structural	ADJ
ajeer-1431	297	10	decomposition	decomposition	NOUN
ajeer-1431	297	11	of	of	ADP
ajeer-1431	297	12	blanchard	blanchard	NOUN
ajeer-1431	297	13	and	and	CCONJ
ajeer-1431	297	14	quah	quah	PROPN
ajeer-1431	297	15	(	(	PUNCT
ajeer-1431	297	16	1989	1989	NUM
ajeer-1431	297	17	)	)	PUNCT
ajeer-1431	297	18	we	we	PRON
ajeer-1431	297	19	then	then	ADV
ajeer-1431	297	20	obtained	obtain	VERB
ajeer-1431	297	21	the	the	DET
ajeer-1431	297	22	impulse	impulse	ADJ
ajeer-1431	297	23	responses	response	NOUN
ajeer-1431	297	24	of	of	ADP
ajeer-1431	297	25	different	different	ADJ
ajeer-1431	297	26	variables	variable	NOUN
ajeer-1431	297	27	to	to	ADP
ajeer-1431	297	28	the	the	DET
ajeer-1431	297	29	structural	structural	ADJ
ajeer-1431	297	30	shocks	shock	NOUN
ajeer-1431	297	31	and	and	CCONJ
ajeer-1431	297	32	we	we	PRON
ajeer-1431	297	33	performed	perform	VERB
ajeer-1431	297	34	a	a	DET
ajeer-1431	297	35	variance	variance	NOUN
ajeer-1431	297	36	decomposition	decomposition	NOUN
ajeer-1431	297	37	analysis	analysis	NOUN
ajeer-1431	297	38	.	.	PUNCT
ajeer-1431	298	1	5.2.1	5.2.1	X
ajeer-1431	298	2	.	.	PUNCT
ajeer-1431	298	3	impulse	impulse	ADJ
ajeer-1431	298	4	responses	response	NOUN
ajeer-1431	298	5	analysis	analysis	NOUN
ajeer-1431	298	6	the	the	DET
ajeer-1431	298	7	analysis	analysis	NOUN
ajeer-1431	298	8	of	of	ADP
ajeer-1431	298	9	impulse	impulse	ADJ
ajeer-1431	298	10	response	response	NOUN
ajeer-1431	298	11	functions	function	NOUN
ajeer-1431	298	12	focuses	focus	VERB
ajeer-1431	298	13	on	on	ADP
ajeer-1431	298	14	the	the	DET
ajeer-1431	298	15	current	current	ADJ
ajeer-1431	298	16	account	account	NOUN
ajeer-1431	298	17	responses	response	NOUN
ajeer-1431	298	18	to	to	ADP
ajeer-1431	298	19	global	global	ADJ
ajeer-1431	298	20	,	,	PUNCT
ajeer-1431	298	21	permanent	permanent	ADJ
ajeer-1431	298	22	and	and	CCONJ
ajeer-1431	298	23	transient	transient	ADJ
ajeer-1431	298	24	shocks	shock	NOUN
ajeer-1431	298	25	and	and	CCONJ
ajeer-1431	298	26	those	those	PRON
ajeer-1431	298	27	of	of	ADP
ajeer-1431	298	28	net	net	ADJ
ajeer-1431	298	29	output	output	NOUN
ajeer-1431	298	30	to	to	ADP
ajeer-1431	298	31	these	these	DET
ajeer-1431	298	32	shocks	shock	NOUN
ajeer-1431	298	33	.	.	PUNCT
ajeer-1431	299	1	thus	thus	ADV
ajeer-1431	299	2	,	,	PUNCT
ajeer-1431	299	3	the	the	DET
ajeer-1431	299	4	observation	observation	NOUN
ajeer-1431	299	5	of	of	ADP
ajeer-1431	299	6	the	the	DET
ajeer-1431	299	7	shape	shape	NOUN
ajeer-1431	299	8	of	of	ADP
ajeer-1431	299	9	the	the	DET
ajeer-1431	299	10	impulse	impulse	ADJ
ajeer-1431	299	11	response	response	NOUN
ajeer-1431	299	12	functions	function	NOUN
ajeer-1431	299	13	figure	figure	VERB
ajeer-1431	299	14	3	3	NUM
ajeer-1431	299	15	in	in	ADP
ajeer-1431	299	16	the	the	DET
ajeer-1431	299	17	appendix	appendix	ADJ
ajeer-1431	299	18	shows	show	NOUN
ajeer-1431	299	19	for	for	ADP
ajeer-1431	299	20	all	all	DET
ajeer-1431	299	21	countries	country	NOUN
ajeer-1431	299	22	that	that	SCONJ
ajeer-1431	299	23	the	the	DET
ajeer-1431	299	24	current	current	ADJ
ajeer-1431	299	25	account	account	NOUN
ajeer-1431	299	26	response	response	NOUN
ajeer-1431	299	27	to	to	PART
ajeer-1431	299	28	shock	shock	VERB
ajeer-1431	299	29	on	on	ADP
ajeer-1431	299	30	the	the	DET
ajeer-1431	299	31	international	international	ADJ
ajeer-1431	299	32	interest	interest	NOUN
ajeer-1431	299	33	rate	rate	NOUN
ajeer-1431	299	34	is	be	AUX
ajeer-1431	299	35	almost	almost	ADV
ajeer-1431	299	36	zero	zero	NUM
ajeer-1431	299	37	.	.	PUNCT
ajeer-1431	300	1	in	in	ADP
ajeer-1431	300	2	other	other	ADJ
ajeer-1431	300	3	words	word	NOUN
ajeer-1431	300	4	,	,	PUNCT
ajeer-1431	300	5	based	base	VERB
ajeer-1431	300	6	on	on	ADP
ajeer-1431	300	7	the	the	DET
ajeer-1431	300	8	impulse	impulse	ADJ
ajeer-1431	300	9	response	response	NOUN
ajeer-1431	300	10	functions	function	NOUN
ajeer-1431	300	11	,	,	PUNCT
ajeer-1431	300	12	we	we	PRON
ajeer-1431	300	13	can	can	AUX
ajeer-1431	300	14	say	say	VERB
ajeer-1431	300	15	that	that	SCONJ
ajeer-1431	300	16	the	the	DET
ajeer-1431	300	17	global	global	ADJ
ajeer-1431	300	18	shock	shock	NOUN
ajeer-1431	300	19	has	have	VERB
ajeer-1431	300	20	almost	almost	ADV
ajeer-1431	300	21	no	no	PRON
ajeer-1431	300	22	impact	impact	NOUN
ajeer-1431	300	23	on	on	ADP
ajeer-1431	300	24	the	the	DET
ajeer-1431	300	25	current	current	ADJ
ajeer-1431	300	26	account	account	NOUN
ajeer-1431	300	27	of	of	ADP
ajeer-1431	300	28	the	the	DET
ajeer-1431	300	29	waemu	waemu	NOUN
ajeer-1431	300	30	countries	country	NOUN
ajeer-1431	300	31	.	.	PUNCT
ajeer-1431	301	1	this	this	DET
ajeer-1431	301	2	result	result	NOUN
ajeer-1431	301	3	is	be	AUX
ajeer-1431	301	4	consistent	consistent	ADJ
ajeer-1431	301	5	with	with	ADP
ajeer-1431	301	6	the	the	DET
ajeer-1431	301	7	theoretical	theoretical	ADJ
ajeer-1431	301	8	predictions	prediction	NOUN
ajeer-1431	301	9	of	of	ADP
ajeer-1431	301	10	the	the	DET
ajeer-1431	301	11	inter	inter	ADJ
ajeer-1431	301	12	-	-	ADJ
ajeer-1431	301	13	temporal	temporal	ADJ
ajeer-1431	301	14	approach	approach	NOUN
ajeer-1431	301	15	,	,	PUNCT
ajeer-1431	301	16	which	which	PRON
ajeer-1431	301	17	states	state	VERB
ajeer-1431	301	18	the	the	DET
ajeer-1431	301	19	absence	absence	NOUN
ajeer-1431	301	20	of	of	ADP
ajeer-1431	301	21	a	a	DET
ajeer-1431	301	22	current	current	ADJ
ajeer-1431	301	23	account	account	NOUN
ajeer-1431	301	24	response	response	NOUN
ajeer-1431	301	25	to	to	ADP
ajeer-1431	301	26	the	the	DET
ajeer-1431	301	27	global	global	ADJ
ajeer-1431	301	28	shock	shock	NOUN
ajeer-1431	301	29	in	in	ADP
ajeer-1431	301	30	a	a	DET
ajeer-1431	301	31	small	small	ADJ
ajeer-1431	301	32	open	open	ADJ
ajeer-1431	301	33	economy	economy	NOUN
ajeer-1431	301	34	.	.	PUNCT
ajeer-1431	302	1	this	this	PRON
ajeer-1431	302	2	has	have	AUX
ajeer-1431	302	3	also	also	ADV
ajeer-1431	302	4	been	be	AUX
ajeer-1431	302	5	empirically	empirically	ADV
ajeer-1431	302	6	established	establish	VERB
ajeer-1431	302	7	by	by	ADP
ajeer-1431	302	8	recent	recent	ADJ
ajeer-1431	302	9	studies	study	NOUN
ajeer-1431	302	10	such	such	ADJ
ajeer-1431	302	11	as	as	ADP
ajeer-1431	302	12	gross	gross	ADJ
ajeer-1431	302	13	(	(	PUNCT
ajeer-1431	302	14	2001	2001	NUM
ajeer-1431	302	15	)	)	PUNCT
ajeer-1431	302	16	and	and	CCONJ
ajeer-1431	302	17	especially	especially	ADV
ajeer-1431	302	18	kuo	kuo	PROPN
ajeer-1431	302	19	(	(	PUNCT
ajeer-1431	302	20	2015	2015	NUM
ajeer-1431	302	21	)	)	PUNCT
ajeer-1431	302	22	in	in	ADP
ajeer-1431	302	23	the	the	DET
ajeer-1431	302	24	context	context	NOUN
ajeer-1431	302	25	of	of	ADP
ajeer-1431	302	26	east	east	ADJ
ajeer-1431	302	27	asian	asian	ADJ
ajeer-1431	302	28	economies	economy	NOUN
ajeer-1431	302	29	.	.	PUNCT
ajeer-1431	303	1	the	the	DET
ajeer-1431	303	2	current	current	ADJ
ajeer-1431	303	3	account	account	NOUN
ajeer-1431	303	4	response	response	NOUN
ajeer-1431	303	5	to	to	ADP
ajeer-1431	303	6	the	the	DET
ajeer-1431	303	7	permanent	permanent	ADJ
ajeer-1431	303	8	shock	shock	NOUN
ajeer-1431	303	9	remains	remain	VERB
ajeer-1431	303	10	very	very	ADV
ajeer-1431	303	11	low	low	ADJ
ajeer-1431	303	12	for	for	ADP
ajeer-1431	303	13	all	all	DET
ajeer-1431	303	14	waemu	waemu	NOUN
ajeer-1431	303	15	countries	country	NOUN
ajeer-1431	303	16	except	except	SCONJ
ajeer-1431	303	17	senegal	senegal	PROPN
ajeer-1431	303	18	.	.	PUNCT
ajeer-1431	304	1	thus	thus	ADV
ajeer-1431	304	2	,	,	PUNCT
ajeer-1431	304	3	according	accord	VERB
ajeer-1431	304	4	to	to	ADP
ajeer-1431	304	5	the	the	DET
ajeer-1431	304	6	assumptions	assumption	NOUN
ajeer-1431	304	7	of	of	ADP
ajeer-1431	304	8	the	the	DET
ajeer-1431	304	9	inter	inter	ADJ
ajeer-1431	304	10	-	-	ADJ
ajeer-1431	304	11	temporal	temporal	ADJ
ajeer-1431	304	12	approach	approach	NOUN
ajeer-1431	304	13	,	,	PUNCT
ajeer-1431	304	14	the	the	DET
ajeer-1431	304	15	permanent	permanent	ADJ
ajeer-1431	304	16	shock	shock	NOUN
ajeer-1431	304	17	on	on	ADP
ajeer-1431	304	18	net	net	ADJ
ajeer-1431	304	19	production	production	NOUN
ajeer-1431	304	20	does	do	AUX
ajeer-1431	304	21	not	not	PART
ajeer-1431	304	22	contribute	contribute	VERB
ajeer-1431	304	23	to	to	ADP
ajeer-1431	304	24	the	the	DET
ajeer-1431	304	25	fluctuations	fluctuation	NOUN
ajeer-1431	304	26	of	of	ADP
ajeer-1431	304	27	the	the	DET
ajeer-1431	304	28	current	current	ADJ
ajeer-1431	304	29	account	account	NOUN
ajeer-1431	304	30	of	of	ADP
ajeer-1431	304	31	these	these	DET
ajeer-1431	304	32	countries	country	NOUN
ajeer-1431	304	33	except	except	SCONJ
ajeer-1431	304	34	for	for	ADP
ajeer-1431	304	35	senegal	senegal	NOUN
ajeer-1431	304	36	.	.	PUNCT
ajeer-1431	305	1	for	for	ADP
ajeer-1431	305	2	the	the	DET
ajeer-1431	305	3	latter	latter	ADJ
ajeer-1431	305	4	we	we	PRON
ajeer-1431	305	5	find	find	VERB
ajeer-1431	305	6	an	an	DET
ajeer-1431	305	7	important	important	ADJ
ajeer-1431	305	8	response	response	NOUN
ajeer-1431	305	9	of	of	ADP
ajeer-1431	305	10	the	the	DET
ajeer-1431	305	11	current	current	ADJ
ajeer-1431	305	12	account	account	NOUN
ajeer-1431	305	13	to	to	ADP
ajeer-1431	305	14	the	the	DET
ajeer-1431	305	15	permanent	permanent	ADJ
ajeer-1431	305	16	shock	shock	NOUN
ajeer-1431	305	17	.	.	PUNCT
ajeer-1431	306	1	with	with	ADP
ajeer-1431	306	2	regard	regard	NOUN
ajeer-1431	306	3	to	to	ADP
ajeer-1431	306	4	specific	specific	ADJ
ajeer-1431	306	5	transitory	transitory	ADJ
ajeer-1431	306	6	shocks	shock	NOUN
ajeer-1431	306	7	,	,	PUNCT
ajeer-1431	306	8	there	there	PRON
ajeer-1431	306	9	is	be	VERB
ajeer-1431	306	10	an	an	DET
ajeer-1431	306	11	immediate	immediate	ADJ
ajeer-1431	306	12	and	and	CCONJ
ajeer-1431	306	13	significant	significant	ADJ
ajeer-1431	306	14	current	current	ADJ
ajeer-1431	306	15	account	account	NOUN
ajeer-1431	306	16	response	response	NOUN
ajeer-1431	306	17	to	to	ADP
ajeer-1431	306	18	these	these	DET
ajeer-1431	306	19	shocks	shock	NOUN
ajeer-1431	306	20	for	for	ADP
ajeer-1431	306	21	all	all	DET
ajeer-1431	306	22	the	the	DET
ajeer-1431	306	23	countries	country	NOUN
ajeer-1431	306	24	of	of	ADP
ajeer-1431	306	25	the	the	DET
ajeer-1431	306	26	union	union	NOUN
ajeer-1431	306	27	.	.	PUNCT
ajeer-1431	307	1	so	so	ADV
ajeer-1431	307	2	we	we	PRON
ajeer-1431	307	3	can	can	AUX
ajeer-1431	307	4	say	say	VERB
ajeer-1431	307	5	,	,	PUNCT
ajeer-1431	307	6	based	base	VERB
ajeer-1431	307	7	on	on	ADP
ajeer-1431	307	8	impulse	impulse	ADJ
ajeer-1431	307	9	response	response	NOUN
ajeer-1431	307	10	functions	function	NOUN
ajeer-1431	307	11	that	that	PRON
ajeer-1431	307	12	current	current	ADJ
ajeer-1431	307	13	account	account	NOUN
ajeer-1431	307	14	transactions	transaction	NOUN
ajeer-1431	307	15	respond	respond	VERB
ajeer-1431	307	16	to	to	ADP
ajeer-1431	307	17	transitory	transitory	ADJ
ajeer-1431	307	18	specific	specific	ADJ
ajeer-1431	307	19	shocks	shock	NOUN
ajeer-1431	307	20	across	across	ADP
ajeer-1431	307	21	all	all	DET
ajeer-1431	307	22	economies	economy	NOUN
ajeer-1431	307	23	.	.	PUNCT
ajeer-1431	308	1	in	in	ADP
ajeer-1431	308	2	other	other	ADJ
ajeer-1431	308	3	words	word	NOUN
ajeer-1431	308	4	,	,	PUNCT
ajeer-1431	308	5	transitory	transitory	ADJ
ajeer-1431	308	6	specific	specific	ADJ
ajeer-1431	308	7	shocks	shock	NOUN
ajeer-1431	308	8	are	be	AUX
ajeer-1431	308	9	the	the	DET
ajeer-1431	308	10	dominant	dominant	ADJ
ajeer-1431	308	11	factor	factor	NOUN
ajeer-1431	308	12	in	in	ADP
ajeer-1431	308	13	the	the	DET
ajeer-1431	308	14	current	current	ADJ
ajeer-1431	308	15	account	account	NOUN
ajeer-1431	308	16	fluctuations	fluctuation	NOUN
ajeer-1431	308	17	of	of	ADP
ajeer-1431	308	18	the	the	DET
ajeer-1431	308	19	waemu	waemu	NOUN
ajeer-1431	308	20	economies	economy	NOUN
ajeer-1431	308	21	.	.	PUNCT
ajeer-1431	309	1	this	this	DET
ajeer-1431	309	2	result	result	NOUN
ajeer-1431	309	3	confirms	confirm	VERB
ajeer-1431	309	4	the	the	DET
ajeer-1431	309	5	fundamental	fundamental	ADJ
ajeer-1431	309	6	assumption	assumption	NOUN
ajeer-1431	309	7	of	of	ADP
ajeer-1431	309	8	the	the	DET
ajeer-1431	309	9	inter	inter	ADJ
ajeer-1431	309	10	-	-	ADJ
ajeer-1431	309	11	temporal	temporal	ADJ
ajeer-1431	309	12	approach	approach	NOUN
ajeer-1431	309	13	and	and	CCONJ
ajeer-1431	309	14	corresponds	correspond	VERB
ajeer-1431	309	15	to	to	ADP
ajeer-1431	309	16	that	that	PRON
ajeer-1431	309	17	found	find	VERB
ajeer-1431	309	18	by	by	ADP
ajeer-1431	309	19	other	other	ADJ
ajeer-1431	309	20	studies	study	NOUN
ajeer-1431	309	21	in	in	ADP
ajeer-1431	309	22	particular	particular	ADJ
ajeer-1431	309	23	,	,	PUNCT
ajeer-1431	309	24	gregory	gregory	NOUN
ajeer-1431	309	25	and	and	CCONJ
ajeer-1431	309	26	head	head	PROPN
ajeer-1431	309	27	(	(	PUNCT
ajeer-1431	309	28	1999	1999	NUM
ajeer-1431	309	29	)	)	PUNCT
ajeer-1431	309	30	for	for	ADP
ajeer-1431	309	31	the	the	DET
ajeer-1431	309	32	g7	g7	PROPN
ajeer-1431	309	33	economies	economy	NOUN
ajeer-1431	309	34	,	,	PUNCT
ajeer-1431	309	35	kano	kano	PROPN
ajeer-1431	309	36	(	(	PUNCT
ajeer-1431	309	37	2003	2003	NUM
ajeer-1431	309	38	)	)	PUNCT
ajeer-1431	309	39	in	in	ADP
ajeer-1431	309	40	the	the	DET
ajeer-1431	309	41	framework	framework	NOUN
ajeer-1431	309	42	of	of	ADP
ajeer-1431	309	43	canada	canada	PROPN
ajeer-1431	309	44	and	and	CCONJ
ajeer-1431	309	45	the	the	DET
ajeer-1431	309	46	united	united	PROPN
ajeer-1431	309	47	kingdom	kingdom	PROPN
ajeer-1431	309	48	and	and	CCONJ
ajeer-1431	309	49	kuo	kuo	PROPN
ajeer-1431	309	50	(	(	PUNCT
ajeer-1431	309	51	2015	2015	NUM
ajeer-1431	309	52	)	)	PUNCT
ajeer-1431	309	53	with	with	ADP
ajeer-1431	309	54	regard	regard	NOUN
ajeer-1431	309	55	to	to	ADP
ajeer-1431	309	56	east	east	ADJ
ajeer-1431	309	57	asian	asian	ADJ
ajeer-1431	309	58	countries	country	NOUN
ajeer-1431	309	59	.	.	PUNCT
ajeer-1431	310	1	the	the	DET
ajeer-1431	310	2	analysis	analysis	NOUN
ajeer-1431	310	3	of	of	ADP
ajeer-1431	310	4	impulse	impulse	ADJ
ajeer-1431	310	5	response	response	NOUN
ajeer-1431	310	6	functions	function	NOUN
ajeer-1431	310	7	also	also	ADV
ajeer-1431	310	8	focuses	focus	VERB
ajeer-1431	310	9	on	on	ADP
ajeer-1431	310	10	the	the	DET
ajeer-1431	310	11	responses	response	NOUN
ajeer-1431	310	12	of	of	ADP
ajeer-1431	310	13	net	net	ADJ
ajeer-1431	310	14	output	output	NOUN
ajeer-1431	310	15	to	to	ADP
ajeer-1431	310	16	global	global	ADJ
ajeer-1431	310	17	,	,	PUNCT
ajeer-1431	310	18	specific	specific	ADJ
ajeer-1431	310	19	and	and	CCONJ
ajeer-1431	310	20	permanent	permanent	ADJ
ajeer-1431	310	21	shocks	shock	NOUN
ajeer-1431	310	22	.	.	PUNCT
ajeer-1431	311	1	indeed	indeed	ADV
ajeer-1431	311	2	,	,	PUNCT
ajeer-1431	311	3	one	one	NUM
ajeer-1431	311	4	of	of	ADP
ajeer-1431	311	5	the	the	DET
ajeer-1431	311	6	strong	strong	ADJ
ajeer-1431	311	7	conclusions	conclusion	NOUN
ajeer-1431	311	8	of	of	ADP
ajeer-1431	311	9	the	the	DET
ajeer-1431	311	10	intertemporal	intertemporal	ADJ
ajeer-1431	311	11	approach	approach	NOUN
ajeer-1431	311	12	is	be	AUX
ajeer-1431	311	13	that	that	SCONJ
ajeer-1431	311	14	the	the	DET
ajeer-1431	311	15	shocks	shock	NOUN
ajeer-1431	311	16	that	that	PRON
ajeer-1431	311	17	determine	determine	VERB
ajeer-1431	311	18	the	the	DET
ajeer-1431	311	19	dynamics	dynamic	NOUN
ajeer-1431	311	20	of	of	ADP
ajeer-1431	311	21	the	the	DET
ajeer-1431	311	22	current	current	ADJ
ajeer-1431	311	23	account	account	NOUN
ajeer-1431	311	24	are	be	AUX
ajeer-1431	311	25	identical	identical	ADJ
ajeer-1431	311	26	to	to	ADP
ajeer-1431	311	27	those	those	PRON
ajeer-1431	311	28	that	that	PRON
ajeer-1431	311	29	affect	affect	VERB
ajeer-1431	311	30	the	the	DET
ajeer-1431	311	31	changes	change	NOUN
ajeer-1431	311	32	in	in	ADP
ajeer-1431	311	33	net	net	ADJ
ajeer-1431	311	34	output	output	NOUN
ajeer-1431	311	35	(	(	PUNCT
ajeer-1431	311	36	kuo	kuo	PROPN
ajeer-1431	311	37	,	,	PUNCT
ajeer-1431	311	38	2015	2015	NUM
ajeer-1431	311	39	)	)	PUNCT
ajeer-1431	311	40	.	.	PUNCT
ajeer-1431	312	1	therefore	therefore	ADV
ajeer-1431	312	2	,	,	PUNCT
ajeer-1431	312	3	we	we	PRON
ajeer-1431	312	4	also	also	ADV
ajeer-1431	312	5	analyze	analyze	VERB
ajeer-1431	312	6	the	the	DET
ajeer-1431	312	7	reactions	reaction	NOUN
ajeer-1431	312	8	of	of	ADP
ajeer-1431	312	9	net	net	ADJ
ajeer-1431	312	10	output	output	NOUN
ajeer-1431	312	11	to	to	ADP
ajeer-1431	312	12	different	different	ADJ
ajeer-1431	312	13	structural	structural	ADJ
ajeer-1431	312	14	shocks	shock	NOUN
ajeer-1431	312	15	.	.	PUNCT
ajeer-1431	313	1	thus	thus	ADV
ajeer-1431	313	2	,	,	PUNCT
ajeer-1431	313	3	the	the	DET
ajeer-1431	313	4	impulse	impulse	ADJ
ajeer-1431	313	5	response	response	NOUN
ajeer-1431	313	6	functions	function	NOUN
ajeer-1431	313	7	of	of	ADP
ajeer-1431	313	8	net	net	ADJ
ajeer-1431	313	9	output	output	NOUN
ajeer-1431	313	10	to	to	ADP
ajeer-1431	313	11	the	the	DET
ajeer-1431	313	12	global	global	ADJ
ajeer-1431	313	13	shock	shock	NOUN
ajeer-1431	313	14	of	of	ADP
ajeer-1431	313	15	the	the	DET
ajeer-1431	313	16	real	real	ADJ
ajeer-1431	313	17	interest	interest	NOUN
ajeer-1431	313	18	rate	rate	NOUN
ajeer-1431	313	19	show	show	VERB
ajeer-1431	313	20	a	a	DET
ajeer-1431	313	21	very	very	ADV
ajeer-1431	313	22	limited	limited	ADJ
ajeer-1431	313	23	impact	impact	NOUN
ajeer-1431	313	24	of	of	ADP
ajeer-1431	313	25	this	this	PRON
ajeer-1431	313	26	for	for	ADP
ajeer-1431	313	27	most	most	ADJ
ajeer-1431	313	28	countries	country	NOUN
ajeer-1431	313	29	.	.	PUNCT
ajeer-1431	314	1	this	this	PRON
ajeer-1431	314	2	is	be	AUX
ajeer-1431	314	3	the	the	DET
ajeer-1431	314	4	case	case	NOUN
ajeer-1431	314	5	for	for	ADP
ajeer-1431	314	6	net	net	ADJ
ajeer-1431	314	7	production	production	NOUN
ajeer-1431	314	8	in	in	ADP
ajeer-1431	314	9	benin	benin	PROPN
ajeer-1431	314	10	,	,	PUNCT
ajeer-1431	314	11	burkina	burkina	PROPN
ajeer-1431	314	12	faso	faso	PROPN
ajeer-1431	314	13	,	,	PUNCT
ajeer-1431	314	14	mali	mali	PROPN
ajeer-1431	314	15	and	and	CCONJ
ajeer-1431	314	16	togo	togo	PROPN
ajeer-1431	314	17	,	,	PUNCT
ajeer-1431	314	18	which	which	PRON
ajeer-1431	314	19	react	react	VERB
ajeer-1431	314	20	only	only	ADV
ajeer-1431	314	21	slightly	slightly	ADV
ajeer-1431	314	22	to	to	ADP
ajeer-1431	314	23	the	the	DET
ajeer-1431	314	24	global	global	ADJ
ajeer-1431	314	25	shock	shock	NOUN
ajeer-1431	314	26	.	.	PUNCT
ajeer-1431	315	1	however	however	ADV
ajeer-1431	315	2	,	,	PUNCT
ajeer-1431	315	3	there	there	PRON
ajeer-1431	315	4	is	be	VERB
ajeer-1431	315	5	a	a	DET
ajeer-1431	315	6	negative	negative	ADJ
ajeer-1431	315	7	impact	impact	NOUN
ajeer-1431	315	8	of	of	ADP
ajeer-1431	315	9	the	the	DET
ajeer-1431	315	10	global	global	ADJ
ajeer-1431	315	11	shock	shock	NOUN
ajeer-1431	315	12	on	on	ADP
ajeer-1431	315	13	the	the	DET
ajeer-1431	315	14	net	net	ADJ
ajeer-1431	315	15	production	production	NOUN
ajeer-1431	315	16	of	of	ADP
ajeer-1431	315	17	ivory	ivory	PROPN
ajeer-1431	315	18	coast	coast	PROPN
ajeer-1431	315	19	,	,	PUNCT
ajeer-1431	315	20	niger	niger	NOUN
ajeer-1431	315	21	and	and	CCONJ
ajeer-1431	315	22	senegal	senegal	NOUN
ajeer-1431	315	23	.	.	PUNCT
ajeer-1431	316	1	thus	thus	ADV
ajeer-1431	316	2	,	,	PUNCT
ajeer-1431	316	3	even	even	ADV
ajeer-1431	316	4	if	if	SCONJ
ajeer-1431	316	5	it	it	PRON
ajeer-1431	316	6	is	be	AUX
ajeer-1431	316	7	not	not	PART
ajeer-1431	316	8	the	the	DET
ajeer-1431	316	9	predominant	predominant	ADJ
ajeer-1431	316	10	factor	factor	NOUN
ajeer-1431	316	11	,	,	PUNCT
ajeer-1431	316	12	the	the	DET
ajeer-1431	316	13	global	global	ADJ
ajeer-1431	316	14	shock	shock	NOUN
ajeer-1431	316	15	has	have	VERB
ajeer-1431	316	16	an	an	DET
ajeer-1431	316	17	influence	influence	NOUN
ajeer-1431	316	18	on	on	ADP
ajeer-1431	316	19	the	the	DET
ajeer-1431	316	20	net	net	ADJ
ajeer-1431	316	21	output	output	NOUN
ajeer-1431	316	22	of	of	ADP
ajeer-1431	316	23	all	all	DET
ajeer-1431	316	24	waemu	waemu	NOUN
ajeer-1431	316	25	countries	country	NOUN
ajeer-1431	316	26	.	.	PUNCT
ajeer-1431	317	1	as	as	ADP
ajeer-1431	317	2	for	for	ADP
ajeer-1431	317	3	permanent	permanent	ADJ
ajeer-1431	317	4	domestic	domestic	ADJ
ajeer-1431	317	5	shocks	shock	NOUN
ajeer-1431	317	6	,	,	PUNCT
ajeer-1431	317	7	they	they	PRON
ajeer-1431	317	8	appear	appear	VERB
ajeer-1431	317	9	to	to	PART
ajeer-1431	317	10	be	be	AUX
ajeer-1431	317	11	the	the	DET
ajeer-1431	317	12	driving	drive	VERB
ajeer-1431	317	13	force	force	NOUN
ajeer-1431	317	14	behind	behind	ADP
ajeer-1431	317	15	fluctuations	fluctuation	NOUN
ajeer-1431	317	16	in	in	ADP
ajeer-1431	317	17	net	net	ADJ
ajeer-1431	317	18	output	output	NOUN
ajeer-1431	317	19	in	in	ADP
ajeer-1431	317	20	waemu	waemu	NOUN
ajeer-1431	317	21	economies	economy	NOUN
ajeer-1431	317	22	.	.	PUNCT
ajeer-1431	318	1	indeed	indeed	ADV
ajeer-1431	318	2	,	,	PUNCT
ajeer-1431	318	3	the	the	DET
ajeer-1431	318	4	impulse	impulse	ADJ
ajeer-1431	318	5	response	response	NOUN
ajeer-1431	318	6	functions	function	NOUN
ajeer-1431	318	7	show	show	VERB
ajeer-1431	318	8	a	a	DET
ajeer-1431	318	9	strong	strong	ADJ
ajeer-1431	318	10	reaction	reaction	NOUN
ajeer-1431	318	11	of	of	ADP
ajeer-1431	318	12	this	this	DET
ajeer-1431	318	13	aggregate	aggregate	NOUN
ajeer-1431	318	14	to	to	ADP
ajeer-1431	318	15	permanent	permanent	ADJ
ajeer-1431	318	16	shocks	shock	NOUN
ajeer-1431	318	17	.	.	PUNCT
ajeer-1431	319	1	as	as	ADP
ajeer-1431	319	2	a	a	DET
ajeer-1431	319	3	result	result	NOUN
ajeer-1431	319	4	,	,	PUNCT
ajeer-1431	319	5	the	the	DET
ajeer-1431	319	6	permanent	permanent	ADJ
ajeer-1431	319	7	shock	shock	NOUN
ajeer-1431	319	8	appears	appear	VERB
ajeer-1431	319	9	to	to	PART
ajeer-1431	319	10	be	be	AUX
ajeer-1431	319	11	the	the	DET
ajeer-1431	319	12	main	main	ADJ
ajeer-1431	319	13	source	source	NOUN
ajeer-1431	319	14	of	of	ADP
ajeer-1431	319	15	fluctuations	fluctuation	NOUN
ajeer-1431	319	16	in	in	ADP
ajeer-1431	319	17	net	net	ADJ
ajeer-1431	319	18	output	output	NOUN
ajeer-1431	319	19	in	in	ADP
ajeer-1431	319	20	the	the	DET
ajeer-1431	319	21	waemu	waemu	NOUN
ajeer-1431	319	22	economies	economy	NOUN
ajeer-1431	319	23	.	.	PUNCT
ajeer-1431	320	1	asian	asian	ADJ
ajeer-1431	320	2	journal	journal	PROPN
ajeer-1431	320	3	of	of	ADP
ajeer-1431	320	4	economics	economic	NOUN
ajeer-1431	320	5	and	and	CCONJ
ajeer-1431	320	6	empirical	empirical	ADJ
ajeer-1431	320	7	research	research	NOUN
ajeer-1431	320	8	,	,	PUNCT
ajeer-1431	320	9	2020	2020	NUM
ajeer-1431	320	10	,	,	PUNCT
ajeer-1431	320	11	7(1	7(1	NUM
ajeer-1431	320	12	):	):	PUNCT
ajeer-1431	320	13	46	46	NUM
ajeer-1431	320	14	-	-	SYM
ajeer-1431	320	15	63	63	NUM
ajeer-1431	320	16	55	55	NUM
ajeer-1431	320	17	©	©	PROPN
ajeer-1431	320	18	2020	2020	NUM
ajeer-1431	320	19	by	by	ADP
ajeer-1431	320	20	the	the	DET
ajeer-1431	320	21	authors	author	NOUN
ajeer-1431	320	22	;	;	PUNCT
ajeer-1431	320	23	licensee	licensee	PROPN
ajeer-1431	320	24	asian	asian	ADJ
ajeer-1431	320	25	online	online	PROPN
ajeer-1431	320	26	journal	journal	PROPN
ajeer-1431	320	27	publishing	publishing	NOUN
ajeer-1431	320	28	group	group	NOUN
ajeer-1431	320	29	finally	finally	ADV
ajeer-1431	320	30	,	,	PUNCT
ajeer-1431	320	31	depending	depend	VERB
ajeer-1431	320	32	on	on	ADP
ajeer-1431	320	33	the	the	DET
ajeer-1431	320	34	scale	scale	NOUN
ajeer-1431	320	35	of	of	ADP
ajeer-1431	320	36	responses	response	NOUN
ajeer-1431	320	37	,	,	PUNCT
ajeer-1431	320	38	transitory	transitory	ADJ
ajeer-1431	320	39	domestic	domestic	ADJ
ajeer-1431	320	40	shocks	shock	NOUN
ajeer-1431	320	41	appear	appear	VERB
ajeer-1431	320	42	to	to	PART
ajeer-1431	320	43	have	have	VERB
ajeer-1431	320	44	no	no	DET
ajeer-1431	320	45	impact	impact	NOUN
ajeer-1431	320	46	on	on	ADP
ajeer-1431	320	47	net	net	ADJ
ajeer-1431	320	48	output	output	NOUN
ajeer-1431	320	49	.	.	PUNCT
ajeer-1431	321	1	indeed	indeed	ADV
ajeer-1431	321	2	,	,	PUNCT
ajeer-1431	321	3	the	the	DET
ajeer-1431	321	4	response	response	NOUN
ajeer-1431	321	5	of	of	ADP
ajeer-1431	321	6	this	this	DET
ajeer-1431	321	7	aggregate	aggregate	NOUN
ajeer-1431	321	8	to	to	ADP
ajeer-1431	321	9	transitory	transitory	ADJ
ajeer-1431	321	10	specific	specific	ADJ
ajeer-1431	321	11	shocks	shock	NOUN
ajeer-1431	321	12	is	be	AUX
ajeer-1431	321	13	very	very	ADV
ajeer-1431	321	14	low	low	ADJ
ajeer-1431	321	15	or	or	CCONJ
ajeer-1431	321	16	almost	almost	ADV
ajeer-1431	321	17	nil	nil	NOUN
ajeer-1431	321	18	for	for	ADP
ajeer-1431	321	19	all	all	DET
ajeer-1431	321	20	countries	country	NOUN
ajeer-1431	321	21	.	.	PUNCT
ajeer-1431	322	1	the	the	DET
ajeer-1431	322	2	analysis	analysis	NOUN
ajeer-1431	322	3	of	of	ADP
ajeer-1431	322	4	the	the	DET
ajeer-1431	322	5	impulse	impulse	ADJ
ajeer-1431	322	6	response	response	NOUN
ajeer-1431	322	7	functions	function	NOUN
ajeer-1431	322	8	makes	make	VERB
ajeer-1431	322	9	three	three	NUM
ajeer-1431	322	10	important	important	ADJ
ajeer-1431	322	11	remarks	remark	NOUN
ajeer-1431	322	12	.	.	PUNCT
ajeer-1431	323	1	the	the	DET
ajeer-1431	323	2	first	first	ADJ
ajeer-1431	323	3	is	be	AUX
ajeer-1431	323	4	that	that	SCONJ
ajeer-1431	323	5	the	the	DET
ajeer-1431	323	6	global	global	ADJ
ajeer-1431	323	7	shock	shock	NOUN
ajeer-1431	323	8	would	would	AUX
ajeer-1431	323	9	have	have	VERB
ajeer-1431	323	10	a	a	DET
ajeer-1431	323	11	very	very	ADV
ajeer-1431	323	12	small	small	ADJ
ajeer-1431	323	13	short	short	ADJ
ajeer-1431	323	14	-	-	PUNCT
ajeer-1431	323	15	term	term	NOUN
ajeer-1431	323	16	impact	impact	NOUN
ajeer-1431	323	17	on	on	ADP
ajeer-1431	323	18	both	both	CCONJ
ajeer-1431	323	19	the	the	DET
ajeer-1431	323	20	current	current	ADJ
ajeer-1431	323	21	account	account	NOUN
ajeer-1431	323	22	and	and	CCONJ
ajeer-1431	323	23	the	the	DET
ajeer-1431	323	24	net	net	ADJ
ajeer-1431	323	25	output	output	NOUN
ajeer-1431	323	26	for	for	ADP
ajeer-1431	323	27	all	all	DET
ajeer-1431	323	28	waemu	waemu	NOUN
ajeer-1431	323	29	countries	country	NOUN
ajeer-1431	323	30	.	.	PUNCT
ajeer-1431	324	1	however	however	ADV
ajeer-1431	324	2	,	,	PUNCT
ajeer-1431	324	3	in	in	ADP
ajeer-1431	324	4	the	the	DET
ajeer-1431	324	5	long	long	ADJ
ajeer-1431	324	6	run	run	NOUN
ajeer-1431	324	7	,	,	PUNCT
ajeer-1431	324	8	it	it	PRON
ajeer-1431	324	9	appears	appear	VERB
ajeer-1431	324	10	to	to	PART
ajeer-1431	324	11	be	be	AUX
ajeer-1431	324	12	dominant	dominant	ADJ
ajeer-1431	324	13	in	in	ADP
ajeer-1431	324	14	the	the	DET
ajeer-1431	324	15	explanation	explanation	NOUN
ajeer-1431	324	16	of	of	ADP
ajeer-1431	324	17	movements	movement	NOUN
ajeer-1431	324	18	in	in	ADP
ajeer-1431	324	19	net	net	ADJ
ajeer-1431	324	20	output	output	NOUN
ajeer-1431	324	21	within	within	ADP
ajeer-1431	324	22	the	the	DET
ajeer-1431	324	23	economies	economy	NOUN
ajeer-1431	324	24	studied	study	VERB
ajeer-1431	324	25	.	.	PUNCT
ajeer-1431	325	1	the	the	DET
ajeer-1431	325	2	second	second	ADJ
ajeer-1431	325	3	remark	remark	NOUN
ajeer-1431	325	4	is	be	AUX
ajeer-1431	325	5	that	that	SCONJ
ajeer-1431	325	6	the	the	DET
ajeer-1431	325	7	driving	drive	VERB
ajeer-1431	325	8	forces	force	NOUN
ajeer-1431	325	9	of	of	ADP
ajeer-1431	325	10	the	the	DET
ajeer-1431	325	11	current	current	ADJ
ajeer-1431	325	12	account	account	NOUN
ajeer-1431	325	13	and	and	CCONJ
ajeer-1431	325	14	the	the	DET
ajeer-1431	325	15	net	net	ADJ
ajeer-1431	325	16	production	production	NOUN
ajeer-1431	325	17	of	of	ADP
ajeer-1431	325	18	the	the	DET
ajeer-1431	325	19	countries	country	NOUN
ajeer-1431	325	20	of	of	ADP
ajeer-1431	325	21	the	the	DET
ajeer-1431	325	22	union	union	NOUN
ajeer-1431	325	23	are	be	AUX
ajeer-1431	325	24	not	not	PART
ajeer-1431	325	25	identical	identical	ADJ
ajeer-1431	325	26	.	.	PUNCT
ajeer-1431	326	1	indeed	indeed	ADV
ajeer-1431	326	2	,	,	PUNCT
ajeer-1431	326	3	the	the	DET
ajeer-1431	326	4	current	current	ADJ
ajeer-1431	326	5	account	account	NOUN
ajeer-1431	326	6	reacts	react	VERB
ajeer-1431	326	7	weakly	weakly	ADJ
ajeer-1431	326	8	to	to	ADP
ajeer-1431	326	9	permanent	permanent	ADJ
ajeer-1431	326	10	shocks	shock	NOUN
ajeer-1431	326	11	and	and	CCONJ
ajeer-1431	326	12	very	very	ADV
ajeer-1431	326	13	significantly	significantly	ADV
ajeer-1431	326	14	to	to	PART
ajeer-1431	326	15	transient	transient	VERB
ajeer-1431	326	16	shocks	shock	NOUN
ajeer-1431	326	17	,	,	PUNCT
ajeer-1431	326	18	which	which	PRON
ajeer-1431	326	19	are	be	AUX
ajeer-1431	326	20	the	the	DET
ajeer-1431	326	21	driving	drive	VERB
ajeer-1431	326	22	force	force	NOUN
ajeer-1431	326	23	.	.	PUNCT
ajeer-1431	327	1	while	while	SCONJ
ajeer-1431	327	2	changes	change	NOUN
ajeer-1431	327	3	in	in	ADP
ajeer-1431	327	4	net	net	ADJ
ajeer-1431	327	5	output	output	NOUN
ajeer-1431	327	6	are	be	AUX
ajeer-1431	327	7	largely	largely	ADV
ajeer-1431	327	8	explained	explain	VERB
ajeer-1431	327	9	by	by	ADP
ajeer-1431	327	10	permanent	permanent	ADJ
ajeer-1431	327	11	shocks	shock	NOUN
ajeer-1431	327	12	,	,	PUNCT
ajeer-1431	327	13	where	where	SCONJ
ajeer-1431	327	14	transient	transient	ADJ
ajeer-1431	327	15	domestic	domestic	ADJ
ajeer-1431	327	16	shocks	shock	NOUN
ajeer-1431	327	17	have	have	VERB
ajeer-1431	327	18	a	a	DET
ajeer-1431	327	19	negligible	negligible	ADJ
ajeer-1431	327	20	impact	impact	NOUN
ajeer-1431	327	21	.	.	PUNCT
ajeer-1431	328	1	the	the	DET
ajeer-1431	328	2	fact	fact	NOUN
ajeer-1431	328	3	that	that	SCONJ
ajeer-1431	328	4	the	the	DET
ajeer-1431	328	5	sources	source	NOUN
ajeer-1431	328	6	of	of	ADP
ajeer-1431	328	7	fluctuations	fluctuation	NOUN
ajeer-1431	328	8	in	in	ADP
ajeer-1431	328	9	the	the	DET
ajeer-1431	328	10	current	current	ADJ
ajeer-1431	328	11	account	account	NOUN
ajeer-1431	328	12	and	and	CCONJ
ajeer-1431	328	13	net	net	ADJ
ajeer-1431	328	14	output	output	NOUN
ajeer-1431	328	15	are	be	AUX
ajeer-1431	328	16	not	not	PART
ajeer-1431	328	17	identical	identical	ADJ
ajeer-1431	328	18	is	be	AUX
ajeer-1431	328	19	a	a	DET
ajeer-1431	328	20	"	"	PUNCT
ajeer-1431	328	21	puzzle	puzzle	NOUN
ajeer-1431	328	22	"	"	PUNCT
ajeer-1431	328	23	from	from	ADP
ajeer-1431	328	24	the	the	DET
ajeer-1431	328	25	point	point	NOUN
ajeer-1431	328	26	of	of	ADP
ajeer-1431	328	27	view	view	NOUN
ajeer-1431	328	28	of	of	ADP
ajeer-1431	328	29	the	the	DET
ajeer-1431	328	30	inter	inter	ADJ
ajeer-1431	328	31	-	-	ADJ
ajeer-1431	328	32	temporal	temporal	ADJ
ajeer-1431	328	33	approach	approach	NOUN
ajeer-1431	328	34	.	.	PUNCT
ajeer-1431	329	1	in	in	ADP
ajeer-1431	329	2	fact	fact	NOUN
ajeer-1431	329	3	,	,	PUNCT
ajeer-1431	329	4	it	it	PRON
ajeer-1431	329	5	predicts	predict	VERB
ajeer-1431	329	6	that	that	SCONJ
ajeer-1431	329	7	the	the	DET
ajeer-1431	329	8	shocks	shock	NOUN
ajeer-1431	329	9	that	that	PRON
ajeer-1431	329	10	affect	affect	VERB
ajeer-1431	329	11	current	current	ADJ
ajeer-1431	329	12	account	account	NOUN
ajeer-1431	329	13	movements	movement	NOUN
ajeer-1431	329	14	are	be	AUX
ajeer-1431	329	15	those	those	PRON
ajeer-1431	329	16	that	that	PRON
ajeer-1431	329	17	also	also	ADV
ajeer-1431	329	18	determine	determine	VERB
ajeer-1431	329	19	changes	change	NOUN
ajeer-1431	329	20	in	in	ADP
ajeer-1431	329	21	net	net	ADJ
ajeer-1431	329	22	output	output	NOUN
ajeer-1431	329	23	.	.	PUNCT
ajeer-1431	330	1	kano	kano	PROPN
ajeer-1431	330	2	(	(	PUNCT
ajeer-1431	330	3	2003	2003	NUM
ajeer-1431	330	4	)	)	PUNCT
ajeer-1431	330	5	produced	produce	VERB
ajeer-1431	330	6	a	a	DET
ajeer-1431	330	7	similar	similar	ADJ
ajeer-1431	330	8	result	result	NOUN
ajeer-1431	330	9	for	for	ADP
ajeer-1431	330	10	canada	canada	PROPN
ajeer-1431	330	11	and	and	CCONJ
ajeer-1431	330	12	the	the	DET
ajeer-1431	330	13	united	united	ADJ
ajeer-1431	330	14	kingdom	kingdom	PROPN
ajeer-1431	330	15	.	.	PUNCT
ajeer-1431	331	1	we	we	PRON
ajeer-1431	331	2	must	must	AUX
ajeer-1431	331	3	complete	complete	VERB
ajeer-1431	331	4	this	this	DET
ajeer-1431	331	5	analysis	analysis	NOUN
ajeer-1431	331	6	of	of	ADP
ajeer-1431	331	7	the	the	DET
ajeer-1431	331	8	impulse	impulse	ADJ
ajeer-1431	331	9	response	response	NOUN
ajeer-1431	331	10	functions	function	NOUN
ajeer-1431	331	11	(	(	PUNCT
ajeer-1431	331	12	irf	irf	PROPN
ajeer-1431	331	13	)	)	PUNCT
ajeer-1431	331	14	by	by	ADP
ajeer-1431	331	15	that	that	PRON
ajeer-1431	331	16	of	of	ADP
ajeer-1431	331	17	the	the	DET
ajeer-1431	331	18	decomposition	decomposition	NOUN
ajeer-1431	331	19	of	of	ADP
ajeer-1431	331	20	the	the	DET
ajeer-1431	331	21	variance	variance	NOUN
ajeer-1431	331	22	of	of	ADP
ajeer-1431	331	23	the	the	DET
ajeer-1431	331	24	estimates	estimate	NOUN
ajeer-1431	331	25	errors	error	NOUN
ajeer-1431	331	26	which	which	PRON
ajeer-1431	331	27	will	will	AUX
ajeer-1431	331	28	make	make	VERB
ajeer-1431	331	29	it	it	PRON
ajeer-1431	331	30	possible	possible	ADJ
ajeer-1431	331	31	to	to	PART
ajeer-1431	331	32	measure	measure	VERB
ajeer-1431	331	33	the	the	DET
ajeer-1431	331	34	contribution	contribution	NOUN
ajeer-1431	331	35	of	of	ADP
ajeer-1431	331	36	each	each	DET
ajeer-1431	331	37	type	type	NOUN
ajeer-1431	331	38	of	of	ADP
ajeer-1431	331	39	structural	structural	ADJ
ajeer-1431	331	40	shocks	shock	NOUN
ajeer-1431	331	41	to	to	ADP
ajeer-1431	331	42	the	the	DET
ajeer-1431	331	43	fluctuations	fluctuation	NOUN
ajeer-1431	331	44	of	of	ADP
ajeer-1431	331	45	the	the	DET
ajeer-1431	331	46	current	current	ADJ
ajeer-1431	331	47	account	account	NOUN
ajeer-1431	331	48	and	and	CCONJ
ajeer-1431	331	49	the	the	DET
ajeer-1431	331	50	net	net	ADJ
ajeer-1431	331	51	output	output	NOUN
ajeer-1431	331	52	of	of	ADP
ajeer-1431	331	53	the	the	DET
ajeer-1431	331	54	union	union	NOUN
ajeer-1431	331	55	.	.	PUNCT
ajeer-1431	332	1	5.2.2	5.2.2	NUM
ajeer-1431	332	2	.	.	PUNCT
ajeer-1431	333	1	analysis	analysis	NOUN
ajeer-1431	333	2	of	of	ADP
ajeer-1431	333	3	variance	variance	NOUN
ajeer-1431	333	4	decomposition	decomposition	NOUN
ajeer-1431	333	5	the	the	DET
ajeer-1431	333	6	decomposition	decomposition	NOUN
ajeer-1431	333	7	of	of	ADP
ajeer-1431	333	8	the	the	DET
ajeer-1431	333	9	variance	variance	NOUN
ajeer-1431	333	10	of	of	ADP
ajeer-1431	333	11	current	current	ADJ
ajeer-1431	333	12	account	account	NOUN
ajeer-1431	333	13	and	and	CCONJ
ajeer-1431	333	14	net	net	ADJ
ajeer-1431	333	15	output	output	NOUN
ajeer-1431	333	16	allows	allow	VERB
ajeer-1431	333	17	us	we	PRON
ajeer-1431	333	18	to	to	PART
ajeer-1431	333	19	measure	measure	VERB
ajeer-1431	333	20	the	the	DET
ajeer-1431	333	21	contribution	contribution	NOUN
ajeer-1431	333	22	of	of	ADP
ajeer-1431	333	23	different	different	ADJ
ajeer-1431	333	24	structural	structural	ADJ
ajeer-1431	333	25	shocks	shock	NOUN
ajeer-1431	333	26	to	to	ADP
ajeer-1431	333	27	their	their	PRON
ajeer-1431	333	28	fluctuations	fluctuation	NOUN
ajeer-1431	333	29	.	.	PUNCT
ajeer-1431	334	1	in	in	ADP
ajeer-1431	334	2	general	general	ADJ
ajeer-1431	334	3	,	,	PUNCT
ajeer-1431	334	4	as	as	SCONJ
ajeer-1431	334	5	we	we	PRON
ajeer-1431	334	6	have	have	AUX
ajeer-1431	334	7	pointed	point	VERB
ajeer-1431	334	8	out	out	ADP
ajeer-1431	334	9	with	with	ADP
ajeer-1431	334	10	the	the	DET
ajeer-1431	334	11	analysis	analysis	NOUN
ajeer-1431	334	12	of	of	ADP
ajeer-1431	334	13	impulse	impulse	ADJ
ajeer-1431	334	14	response	response	NOUN
ajeer-1431	334	15	functions	function	NOUN
ajeer-1431	334	16	,	,	PUNCT
ajeer-1431	334	17	it	it	PRON
ajeer-1431	334	18	appears	appear	VERB
ajeer-1431	334	19	that	that	SCONJ
ajeer-1431	334	20	permanent	permanent	ADJ
ajeer-1431	334	21	and	and	CCONJ
ajeer-1431	334	22	specific	specific	ADJ
ajeer-1431	334	23	domestic	domestic	ADJ
ajeer-1431	334	24	shocks	shock	NOUN
ajeer-1431	334	25	are	be	AUX
ajeer-1431	334	26	the	the	DET
ajeer-1431	334	27	determinants	determinant	NOUN
ajeer-1431	334	28	of	of	ADP
ajeer-1431	334	29	the	the	DET
ajeer-1431	334	30	respective	respective	ADJ
ajeer-1431	334	31	changes	change	NOUN
ajeer-1431	334	32	in	in	ADP
ajeer-1431	334	33	net	net	ADJ
ajeer-1431	334	34	output	output	NOUN
ajeer-1431	334	35	and	and	CCONJ
ajeer-1431	334	36	current	current	ADJ
ajeer-1431	334	37	account	account	NOUN
ajeer-1431	334	38	within	within	ADP
ajeer-1431	334	39	the	the	DET
ajeer-1431	334	40	economies	economy	NOUN
ajeer-1431	334	41	of	of	ADP
ajeer-1431	334	42	waemu	waemu	NOUN
ajeer-1431	334	43	.	.	PUNCT
ajeer-1431	335	1	thus	thus	ADV
ajeer-1431	335	2	,	,	PUNCT
ajeer-1431	335	3	for	for	ADP
ajeer-1431	335	4	explanations	explanation	NOUN
ajeer-1431	335	5	of	of	ADP
ajeer-1431	335	6	the	the	DET
ajeer-1431	335	7	variance	variance	NOUN
ajeer-1431	335	8	of	of	ADP
ajeer-1431	335	9	the	the	DET
ajeer-1431	335	10	current	current	ADJ
ajeer-1431	335	11	account	account	NOUN
ajeer-1431	335	12	to	to	ADP
ajeer-1431	335	13	gdp	gdp	NOUN
ajeer-1431	335	14	ratio	ratio	NOUN
ajeer-1431	335	15	,	,	PUNCT
ajeer-1431	335	16	we	we	PRON
ajeer-1431	335	17	note	note	VERB
ajeer-1431	335	18	that	that	SCONJ
ajeer-1431	335	19	transient	transient	ADJ
ajeer-1431	335	20	domestic	domestic	ADJ
ajeer-1431	335	21	shocks	shock	NOUN
ajeer-1431	335	22	contribute	contribute	VERB
ajeer-1431	335	23	90	90	NUM
ajeer-1431	335	24	%	%	NOUN
ajeer-1431	335	25	in	in	ADP
ajeer-1431	335	26	the	the	DET
ajeer-1431	335	27	short	short	ADJ
ajeer-1431	335	28	term	term	NOUN
ajeer-1431	335	29	and	and	CCONJ
ajeer-1431	335	30	80	80	NUM
ajeer-1431	335	31	%	%	NOUN
ajeer-1431	335	32	in	in	ADP
ajeer-1431	335	33	the	the	DET
ajeer-1431	335	34	long	long	ADJ
ajeer-1431	335	35	term	term	NOUN
ajeer-1431	335	36	with	with	ADP
ajeer-1431	335	37	the	the	DET
ajeer-1431	335	38	exception	exception	NOUN
ajeer-1431	335	39	of	of	ADP
ajeer-1431	335	40	mali	mali	PROPN
ajeer-1431	335	41	and	and	CCONJ
ajeer-1431	335	42	togo	togo	PROPN
ajeer-1431	335	43	.	.	PUNCT
ajeer-1431	336	1	for	for	ADP
ajeer-1431	336	2	both	both	DET
ajeer-1431	336	3	countries	country	NOUN
ajeer-1431	336	4	,	,	PUNCT
ajeer-1431	336	5	the	the	DET
ajeer-1431	336	6	contribution	contribution	NOUN
ajeer-1431	336	7	of	of	ADP
ajeer-1431	336	8	transitional	transitional	ADJ
ajeer-1431	336	9	shocks	shock	NOUN
ajeer-1431	336	10	to	to	ADP
ajeer-1431	336	11	current	current	ADJ
ajeer-1431	336	12	account	account	NOUN
ajeer-1431	336	13	variance	variance	NOUN
ajeer-1431	336	14	is	be	AUX
ajeer-1431	336	15	about	about	ADV
ajeer-1431	336	16	55	55	NUM
ajeer-1431	336	17	%	%	NOUN
ajeer-1431	336	18	and	and	CCONJ
ajeer-1431	336	19	70	70	NUM
ajeer-1431	336	20	%	%	NOUN
ajeer-1431	336	21	in	in	ADP
ajeer-1431	336	22	the	the	DET
ajeer-1431	336	23	short	short	ADJ
ajeer-1431	336	24	term	term	NOUN
ajeer-1431	336	25	,	,	PUNCT
ajeer-1431	336	26	compared	compare	VERB
ajeer-1431	336	27	to	to	ADP
ajeer-1431	336	28	30	30	NUM
ajeer-1431	336	29	%	%	NOUN
ajeer-1431	336	30	for	for	ADP
ajeer-1431	336	31	permanent	permanent	ADJ
ajeer-1431	336	32	shocks	shock	NOUN
ajeer-1431	336	33	respectively	respectively	ADV
ajeer-1431	336	34	.	.	PUNCT
ajeer-1431	337	1	in	in	ADP
ajeer-1431	337	2	the	the	DET
ajeer-1431	337	3	long	long	ADJ
ajeer-1431	337	4	term	term	NOUN
ajeer-1431	337	5	,	,	PUNCT
ajeer-1431	337	6	transient	transient	ADJ
ajeer-1431	337	7	shocks	shock	NOUN
ajeer-1431	337	8	explain	explain	VERB
ajeer-1431	337	9	50	50	NUM
ajeer-1431	337	10	to	to	PART
ajeer-1431	337	11	60	60	NUM
ajeer-1431	337	12	%	%	NOUN
ajeer-1431	337	13	of	of	ADP
ajeer-1431	337	14	current	current	ADJ
ajeer-1431	337	15	account	account	NOUN
ajeer-1431	337	16	variations	variation	NOUN
ajeer-1431	337	17	in	in	ADP
ajeer-1431	337	18	these	these	DET
ajeer-1431	337	19	two	two	NUM
ajeer-1431	337	20	countries	country	NOUN
ajeer-1431	337	21	,	,	PUNCT
ajeer-1431	337	22	compared	compare	VERB
ajeer-1431	337	23	to	to	ADP
ajeer-1431	337	24	40	40	NUM
ajeer-1431	337	25	%	%	NOUN
ajeer-1431	337	26	for	for	ADP
ajeer-1431	337	27	permanent	permanent	ADJ
ajeer-1431	337	28	shocks	shock	NOUN
ajeer-1431	337	29	.	.	PUNCT
ajeer-1431	338	1	thus	thus	ADV
ajeer-1431	338	2	,	,	PUNCT
ajeer-1431	338	3	according	accord	VERB
ajeer-1431	338	4	to	to	ADP
ajeer-1431	338	5	the	the	DET
ajeer-1431	338	6	result	result	NOUN
ajeer-1431	338	7	of	of	ADP
ajeer-1431	338	8	the	the	DET
ajeer-1431	338	9	analysis	analysis	NOUN
ajeer-1431	338	10	of	of	ADP
ajeer-1431	338	11	the	the	DET
ajeer-1431	338	12	impulse	impulse	ADJ
ajeer-1431	338	13	response	response	NOUN
ajeer-1431	338	14	functions	function	NOUN
ajeer-1431	338	15	,	,	PUNCT
ajeer-1431	338	16	transient	transient	ADJ
ajeer-1431	338	17	domestic	domestic	ADJ
ajeer-1431	338	18	shocks	shock	NOUN
ajeer-1431	338	19	are	be	AUX
ajeer-1431	338	20	the	the	DET
ajeer-1431	338	21	main	main	ADJ
ajeer-1431	338	22	cause	cause	NOUN
ajeer-1431	338	23	of	of	ADP
ajeer-1431	338	24	current	current	ADJ
ajeer-1431	338	25	account	account	NOUN
ajeer-1431	338	26	fluctuations	fluctuation	NOUN
ajeer-1431	338	27	in	in	ADP
ajeer-1431	338	28	waemu	waemu	NOUN
ajeer-1431	338	29	.	.	PUNCT
ajeer-1431	339	1	as	as	ADP
ajeer-1431	339	2	for	for	ADP
ajeer-1431	339	3	the	the	DET
ajeer-1431	339	4	variance	variance	NOUN
ajeer-1431	339	5	in	in	ADP
ajeer-1431	339	6	net	net	ADJ
ajeer-1431	339	7	output	output	NOUN
ajeer-1431	339	8	,	,	PUNCT
ajeer-1431	339	9	it	it	PRON
ajeer-1431	339	10	is	be	AUX
ajeer-1431	339	11	largely	largely	ADV
ajeer-1431	339	12	due	due	ADJ
ajeer-1431	339	13	to	to	ADP
ajeer-1431	339	14	permanent	permanent	ADJ
ajeer-1431	339	15	domestic	domestic	ADJ
ajeer-1431	339	16	shocks	shock	NOUN
ajeer-1431	339	17	.	.	PUNCT
ajeer-1431	340	1	however	however	ADV
ajeer-1431	340	2	,	,	PUNCT
ajeer-1431	340	3	global	global	ADJ
ajeer-1431	340	4	shocks	shock	NOUN
ajeer-1431	340	5	also	also	ADV
ajeer-1431	340	6	play	play	VERB
ajeer-1431	340	7	an	an	DET
ajeer-1431	340	8	important	important	ADJ
ajeer-1431	340	9	role	role	NOUN
ajeer-1431	340	10	in	in	ADP
ajeer-1431	340	11	fluctuations	fluctuation	NOUN
ajeer-1431	340	12	in	in	ADP
ajeer-1431	340	13	net	net	ADJ
ajeer-1431	340	14	output	output	NOUN
ajeer-1431	340	15	,	,	PUNCT
ajeer-1431	340	16	especially	especially	ADV
ajeer-1431	340	17	in	in	ADP
ajeer-1431	340	18	the	the	DET
ajeer-1431	340	19	long	long	ADJ
ajeer-1431	340	20	run	run	NOUN
ajeer-1431	340	21	.	.	PUNCT
ajeer-1431	341	1	the	the	DET
ajeer-1431	341	2	contribution	contribution	NOUN
ajeer-1431	341	3	of	of	ADP
ajeer-1431	341	4	permanent	permanent	ADJ
ajeer-1431	341	5	shocks	shock	NOUN
ajeer-1431	341	6	to	to	ADP
ajeer-1431	341	7	fluctuations	fluctuation	NOUN
ajeer-1431	341	8	in	in	ADP
ajeer-1431	341	9	net	net	ADJ
ajeer-1431	341	10	output	output	NOUN
ajeer-1431	341	11	thus	thus	ADV
ajeer-1431	341	12	runs	run	VERB
ajeer-1431	341	13	around	around	ADP
ajeer-1431	341	14	70	70	NUM
ajeer-1431	341	15	%	%	NOUN
ajeer-1431	341	16	in	in	ADP
ajeer-1431	341	17	the	the	DET
ajeer-1431	341	18	short	short	ADJ
ajeer-1431	341	19	term	term	NOUN
ajeer-1431	341	20	compared	compare	VERB
ajeer-1431	341	21	to	to	ADP
ajeer-1431	341	22	30	30	NUM
ajeer-1431	341	23	%	%	NOUN
ajeer-1431	341	24	due	due	ADP
ajeer-1431	341	25	to	to	ADP
ajeer-1431	341	26	global	global	ADJ
ajeer-1431	341	27	shocks	shock	NOUN
ajeer-1431	341	28	and	and	CCONJ
ajeer-1431	341	29	less	less	ADJ
ajeer-1431	341	30	than	than	ADP
ajeer-1431	341	31	50	50	NUM
ajeer-1431	341	32	%	%	NOUN
ajeer-1431	341	33	in	in	ADP
ajeer-1431	341	34	the	the	DET
ajeer-1431	341	35	long	long	ADJ
ajeer-1431	341	36	term	term	NOUN
ajeer-1431	341	37	in	in	ADP
ajeer-1431	341	38	the	the	DET
ajeer-1431	341	39	variations	variation	NOUN
ajeer-1431	341	40	in	in	ADP
ajeer-1431	341	41	countries	country	NOUN
ajeer-1431	341	42	'	'	PART
ajeer-1431	341	43	net	net	ADJ
ajeer-1431	341	44	output	output	NOUN
ajeer-1431	341	45	.	.	PUNCT
ajeer-1431	342	1	we	we	PRON
ajeer-1431	342	2	note	note	VERB
ajeer-1431	342	3	that	that	SCONJ
ajeer-1431	342	4	outside	outside	ADJ
ajeer-1431	342	5	countries	country	NOUN
ajeer-1431	342	6	such	such	ADJ
ajeer-1431	342	7	as	as	ADP
ajeer-1431	342	8	mali	mali	ADJ
ajeer-1431	342	9	and	and	CCONJ
ajeer-1431	342	10	niger	niger	NOUN
ajeer-1431	342	11	where	where	SCONJ
ajeer-1431	342	12	the	the	DET
ajeer-1431	342	13	impact	impact	NOUN
ajeer-1431	342	14	of	of	ADP
ajeer-1431	342	15	permanent	permanent	ADJ
ajeer-1431	342	16	shocks	shock	NOUN
ajeer-1431	342	17	on	on	ADP
ajeer-1431	342	18	net	net	ADJ
ajeer-1431	342	19	output	output	NOUN
ajeer-1431	342	20	endures	endure	VERB
ajeer-1431	342	21	in	in	ADP
ajeer-1431	342	22	the	the	DET
ajeer-1431	342	23	long	long	ADJ
ajeer-1431	342	24	run	run	NOUN
ajeer-1431	342	25	,	,	PUNCT
ajeer-1431	342	26	it	it	PRON
ajeer-1431	342	27	is	be	AUX
ajeer-1431	342	28	rather	rather	ADV
ajeer-1431	342	29	the	the	DET
ajeer-1431	342	30	movements	movement	NOUN
ajeer-1431	342	31	in	in	ADP
ajeer-1431	342	32	the	the	DET
ajeer-1431	342	33	real	real	ADJ
ajeer-1431	342	34	world	world	NOUN
ajeer-1431	342	35	interest	interest	NOUN
ajeer-1431	342	36	rate	rate	NOUN
ajeer-1431	342	37	that	that	PRON
ajeer-1431	342	38	account	account	VERB
ajeer-1431	342	39	for	for	ADP
ajeer-1431	342	40	most	most	ADJ
ajeer-1431	342	41	of	of	ADP
ajeer-1431	342	42	the	the	DET
ajeer-1431	342	43	variance	variance	NOUN
ajeer-1431	342	44	long	long	ADJ
ajeer-1431	342	45	-	-	PUNCT
ajeer-1431	342	46	term	term	NOUN
ajeer-1431	342	47	net	net	ADJ
ajeer-1431	342	48	production	production	NOUN
ajeer-1431	342	49	.	.	PUNCT
ajeer-1431	343	1	in	in	ADP
ajeer-1431	343	2	sum	sum	NOUN
ajeer-1431	343	3	,	,	PUNCT
ajeer-1431	343	4	the	the	DET
ajeer-1431	343	5	analysis	analysis	NOUN
ajeer-1431	343	6	of	of	ADP
ajeer-1431	343	7	the	the	DET
ajeer-1431	343	8	variance	variance	NOUN
ajeer-1431	343	9	of	of	ADP
ajeer-1431	343	10	the	the	DET
ajeer-1431	343	11	net	net	ADJ
ajeer-1431	343	12	output	output	NOUN
ajeer-1431	343	13	and	and	CCONJ
ajeer-1431	343	14	the	the	DET
ajeer-1431	343	15	current	current	ADJ
ajeer-1431	343	16	account	account	NOUN
ajeer-1431	343	17	ratio	ratio	NOUN
ajeer-1431	343	18	on	on	ADP
ajeer-1431	343	19	gdp	gdp	NOUN
ajeer-1431	343	20	confirms	confirm	VERB
ajeer-1431	343	21	the	the	DET
ajeer-1431	343	22	remarks	remark	NOUN
ajeer-1431	343	23	resulting	result	VERB
ajeer-1431	343	24	from	from	ADP
ajeer-1431	343	25	the	the	DET
ajeer-1431	343	26	one	one	NOUN
ajeer-1431	343	27	made	make	VERB
ajeer-1431	343	28	at	at	ADP
ajeer-1431	343	29	the	the	DET
ajeer-1431	343	30	level	level	NOUN
ajeer-1431	343	31	of	of	ADP
ajeer-1431	343	32	the	the	DET
ajeer-1431	343	33	impulse	impulse	ADJ
ajeer-1431	343	34	response	response	NOUN
ajeer-1431	343	35	functions	function	NOUN
ajeer-1431	343	36	.	.	PUNCT
ajeer-1431	344	1	thus	thus	ADV
ajeer-1431	344	2	,	,	PUNCT
ajeer-1431	344	3	transient	transient	ADJ
ajeer-1431	344	4	domestic	domestic	ADJ
ajeer-1431	344	5	shocks	shock	NOUN
ajeer-1431	344	6	account	account	VERB
ajeer-1431	344	7	for	for	ADP
ajeer-1431	344	8	the	the	DET
ajeer-1431	344	9	majority	majority	NOUN
ajeer-1431	344	10	of	of	ADP
ajeer-1431	344	11	current	current	ADJ
ajeer-1431	344	12	account	account	NOUN
ajeer-1431	344	13	fluctuations	fluctuation	NOUN
ajeer-1431	344	14	in	in	ADP
ajeer-1431	344	15	the	the	DET
ajeer-1431	344	16	waemu	waemu	NOUN
ajeer-1431	344	17	economies	economy	NOUN
ajeer-1431	344	18	.	.	PUNCT
ajeer-1431	345	1	while	while	SCONJ
ajeer-1431	345	2	fluctuations	fluctuation	NOUN
ajeer-1431	345	3	in	in	ADP
ajeer-1431	345	4	net	net	ADJ
ajeer-1431	345	5	output	output	NOUN
ajeer-1431	345	6	originate	originate	VERB
ajeer-1431	345	7	in	in	ADP
ajeer-1431	345	8	domestic	domestic	ADJ
ajeer-1431	345	9	permanent	permanent	ADJ
ajeer-1431	345	10	shocks	shock	NOUN
ajeer-1431	345	11	,	,	PUNCT
ajeer-1431	345	12	although	although	SCONJ
ajeer-1431	345	13	for	for	ADP
ajeer-1431	345	14	a	a	DET
ajeer-1431	345	15	number	number	NOUN
ajeer-1431	345	16	of	of	ADP
ajeer-1431	345	17	countries	country	NOUN
ajeer-1431	345	18	the	the	DET
ajeer-1431	345	19	real	real	ADJ
ajeer-1431	345	20	world	world	NOUN
ajeer-1431	345	21	interest	interest	NOUN
ajeer-1431	345	22	rate	rate	NOUN
ajeer-1431	345	23	plays	play	VERB
ajeer-1431	345	24	a	a	DET
ajeer-1431	345	25	major	major	ADJ
ajeer-1431	345	26	role	role	NOUN
ajeer-1431	345	27	in	in	ADP
ajeer-1431	345	28	the	the	DET
ajeer-1431	345	29	long	long	ADJ
ajeer-1431	345	30	run	run	NOUN
ajeer-1431	345	31	.	.	PUNCT
ajeer-1431	346	1	6	6	X
ajeer-1431	346	2	.	.	X
ajeer-1431	346	3	conclusion	conclusion	VERB
ajeer-1431	346	4	the	the	DET
ajeer-1431	346	5	objective	objective	NOUN
ajeer-1431	346	6	of	of	ADP
ajeer-1431	346	7	this	this	DET
ajeer-1431	346	8	study	study	NOUN
ajeer-1431	346	9	is	be	AUX
ajeer-1431	346	10	to	to	PART
ajeer-1431	346	11	analyze	analyze	VERB
ajeer-1431	346	12	the	the	DET
ajeer-1431	346	13	main	main	ADJ
ajeer-1431	346	14	shocks	shock	NOUN
ajeer-1431	346	15	that	that	PRON
ajeer-1431	346	16	lead	lead	VERB
ajeer-1431	346	17	the	the	DET
ajeer-1431	346	18	fluctuations	fluctuation	NOUN
ajeer-1431	346	19	of	of	ADP
ajeer-1431	346	20	the	the	DET
ajeer-1431	346	21	current	current	ADJ
ajeer-1431	346	22	account	account	NOUN
ajeer-1431	346	23	within	within	ADP
ajeer-1431	346	24	the	the	DET
ajeer-1431	346	25	framework	framework	NOUN
ajeer-1431	346	26	of	of	ADP
ajeer-1431	346	27	waemu	waemu	NOUN
ajeer-1431	346	28	whose	whose	DET
ajeer-1431	346	29	countries	country	NOUN
ajeer-1431	346	30	have	have	AUX
ajeer-1431	346	31	systematically	systematically	ADV
ajeer-1431	346	32	recorded	record	VERB
ajeer-1431	346	33	deficits	deficit	NOUN
ajeer-1431	346	34	since	since	SCONJ
ajeer-1431	346	35	the	the	DET
ajeer-1431	346	36	80s	80	NOUN
ajeer-1431	346	37	.	.	PUNCT
ajeer-1431	347	1	the	the	DET
ajeer-1431	347	2	study	study	NOUN
ajeer-1431	347	3	was	be	AUX
ajeer-1431	347	4	conducted	conduct	VERB
ajeer-1431	347	5	according	accord	VERB
ajeer-1431	347	6	to	to	ADP
ajeer-1431	347	7	the	the	DET
ajeer-1431	347	8	inter	inter	ADJ
ajeer-1431	347	9	-	-	ADJ
ajeer-1431	347	10	temporal	temporal	ADJ
ajeer-1431	347	11	approach	approach	NOUN
ajeer-1431	347	12	current	current	ADJ
ajeer-1431	347	13	account	account	NOUN
ajeer-1431	347	14	.	.	PUNCT
ajeer-1431	348	1	which	which	DET
ajeer-1431	348	2	approach	approach	NOUN
ajeer-1431	348	3	defines	define	VERB
ajeer-1431	348	4	the	the	DET
ajeer-1431	348	5	current	current	ADJ
ajeer-1431	348	6	account	account	NOUN
ajeer-1431	348	7	as	as	ADP
ajeer-1431	348	8	the	the	DET
ajeer-1431	348	9	difference	difference	NOUN
ajeer-1431	348	10	between	between	ADP
ajeer-1431	348	11	domestic	domestic	ADJ
ajeer-1431	348	12	savings	saving	NOUN
ajeer-1431	348	13	and	and	CCONJ
ajeer-1431	348	14	investment	investment	NOUN
ajeer-1431	348	15	.	.	PUNCT
ajeer-1431	349	1	this	this	PRON
ajeer-1431	349	2	,	,	PUNCT
ajeer-1431	349	3	therefore	therefore	ADV
ajeer-1431	349	4	,	,	PUNCT
ajeer-1431	349	5	bases	base	VERB
ajeer-1431	349	6	its	its	PRON
ajeer-1431	349	7	analysis	analysis	NOUN
ajeer-1431	349	8	of	of	ADP
ajeer-1431	349	9	the	the	DET
ajeer-1431	349	10	movements	movement	NOUN
ajeer-1431	349	11	of	of	ADP
ajeer-1431	349	12	the	the	DET
ajeer-1431	349	13	current	current	ADJ
ajeer-1431	349	14	account	account	NOUN
ajeer-1431	349	15	on	on	ADP
ajeer-1431	349	16	the	the	DET
ajeer-1431	349	17	savings	saving	NOUN
ajeer-1431	349	18	and	and	CCONJ
ajeer-1431	349	19	consumption	consumption	NOUN
ajeer-1431	349	20	decisions	decision	NOUN
ajeer-1431	349	21	of	of	ADP
ajeer-1431	349	22	households	household	NOUN
ajeer-1431	349	23	in	in	ADP
ajeer-1431	349	24	the	the	DET
ajeer-1431	349	25	countries	country	NOUN
ajeer-1431	349	26	concerned	concern	VERB
ajeer-1431	349	27	.	.	PUNCT
ajeer-1431	350	1	in	in	ADP
ajeer-1431	350	2	addition	addition	NOUN
ajeer-1431	350	3	,	,	PUNCT
ajeer-1431	350	4	the	the	DET
ajeer-1431	350	5	inter	inter	ADJ
ajeer-1431	350	6	-	-	ADJ
ajeer-1431	350	7	temporal	temporal	ADJ
ajeer-1431	350	8	approach	approach	NOUN
ajeer-1431	350	9	allows	allow	VERB
ajeer-1431	350	10	international	international	ADJ
ajeer-1431	350	11	capital	capital	NOUN
ajeer-1431	350	12	movements	movement	NOUN
ajeer-1431	350	13	to	to	PART
ajeer-1431	350	14	be	be	AUX
ajeer-1431	350	15	accounted	account	VERB
ajeer-1431	350	16	for	for	ADP
ajeer-1431	350	17	in	in	ADP
ajeer-1431	350	18	explaining	explain	VERB
ajeer-1431	350	19	sources	source	NOUN
ajeer-1431	350	20	of	of	ADP
ajeer-1431	350	21	current	current	ADJ
ajeer-1431	350	22	account	account	NOUN
ajeer-1431	350	23	fluctuations	fluctuation	NOUN
ajeer-1431	350	24	,	,	PUNCT
ajeer-1431	350	25	in	in	ADP
ajeer-1431	350	26	contrast	contrast	NOUN
ajeer-1431	350	27	to	to	ADP
ajeer-1431	350	28	traditional	traditional	ADJ
ajeer-1431	350	29	macroeconomic	macroeconomic	ADJ
ajeer-1431	350	30	models	model	NOUN
ajeer-1431	350	31	that	that	PRON
ajeer-1431	350	32	reduce	reduce	VERB
ajeer-1431	350	33	the	the	DET
ajeer-1431	350	34	current	current	ADJ
ajeer-1431	350	35	balance	balance	NOUN
ajeer-1431	350	36	to	to	ADP
ajeer-1431	350	37	the	the	DET
ajeer-1431	350	38	trade	trade	NOUN
ajeer-1431	350	39	balance	balance	NOUN
ajeer-1431	350	40	.	.	PUNCT
ajeer-1431	351	1	thus	thus	ADV
ajeer-1431	351	2	,	,	PUNCT
ajeer-1431	351	3	the	the	DET
ajeer-1431	351	4	empirical	empirical	ADJ
ajeer-1431	351	5	analysis	analysis	NOUN
ajeer-1431	351	6	of	of	ADP
ajeer-1431	351	7	the	the	DET
ajeer-1431	351	8	sources	source	NOUN
ajeer-1431	351	9	of	of	ADP
ajeer-1431	351	10	current	current	ADJ
ajeer-1431	351	11	account	account	NOUN
ajeer-1431	351	12	fluctuations	fluctuation	NOUN
ajeer-1431	351	13	in	in	ADP
ajeer-1431	351	14	waemu	waemu	PROPN
ajeer-1431	351	15	countries	country	NOUN
ajeer-1431	351	16	was	be	AUX
ajeer-1431	351	17	based	base	VERB
ajeer-1431	351	18	on	on	ADP
ajeer-1431	351	19	an	an	DET
ajeer-1431	351	20	autoregressive	autoregressive	ADJ
ajeer-1431	351	21	vector	vector	NOUN
ajeer-1431	351	22	model	model	NOUN
ajeer-1431	351	23	.	.	PUNCT
ajeer-1431	352	1	it	it	PRON
ajeer-1431	352	2	is	be	AUX
ajeer-1431	352	3	a	a	DET
ajeer-1431	352	4	structural	structural	ADJ
ajeer-1431	352	5	vector	vector	NOUN
ajeer-1431	352	6	autoregressive	autoregressive	ADJ
ajeer-1431	352	7	model	model	NOUN
ajeer-1431	352	8	with	with	ADP
ajeer-1431	352	9	three	three	NUM
ajeer-1431	352	10	types	type	NOUN
ajeer-1431	352	11	of	of	ADP
ajeer-1431	352	12	shocks	shock	NOUN
ajeer-1431	352	13	whose	whose	DET
ajeer-1431	352	14	contribution	contribution	NOUN
ajeer-1431	352	15	to	to	ADP
ajeer-1431	352	16	current	current	ADJ
ajeer-1431	352	17	account	account	NOUN
ajeer-1431	352	18	fluctuations	fluctuation	NOUN
ajeer-1431	352	19	has	have	AUX
ajeer-1431	352	20	been	be	AUX
ajeer-1431	352	21	underlined	underline	VERB
ajeer-1431	352	22	by	by	ADP
ajeer-1431	352	23	the	the	DET
ajeer-1431	352	24	different	different	ADJ
ajeer-1431	352	25	previous	previous	ADJ
ajeer-1431	352	26	studies	study	NOUN
ajeer-1431	352	27	carried	carry	VERB
ajeer-1431	352	28	out	out	ADP
ajeer-1431	352	29	under	under	ADP
ajeer-1431	352	30	the	the	DET
ajeer-1431	352	31	inter	inter	ADJ
ajeer-1431	352	32	-	-	ADJ
ajeer-1431	352	33	temporal	temporal	ADJ
ajeer-1431	352	34	approach	approach	NOUN
ajeer-1431	352	35	(	(	PUNCT
ajeer-1431	352	36	obstfeld	obstfeld	PROPN
ajeer-1431	352	37	&	&	CCONJ
ajeer-1431	352	38	rogoff	rogoff	PROPN
ajeer-1431	352	39	,	,	PUNCT
ajeer-1431	352	40	1994	1994	NUM
ajeer-1431	352	41	;	;	PUNCT
ajeer-1431	352	42	razin	razin	NOUN
ajeer-1431	352	43	,	,	PUNCT
ajeer-1431	352	44	1993	1993	NUM
ajeer-1431	352	45	)	)	PUNCT
ajeer-1431	352	46	.	.	PUNCT
ajeer-1431	353	1	these	these	DET
ajeer-1431	353	2	shocks	shock	NOUN
ajeer-1431	353	3	are	be	AUX
ajeer-1431	353	4	either	either	CCONJ
ajeer-1431	353	5	domestic	domestic	ADJ
ajeer-1431	353	6	and	and	CCONJ
ajeer-1431	353	7	permanent	permanent	ADJ
ajeer-1431	353	8	,	,	PUNCT
ajeer-1431	353	9	domestic	domestic	ADJ
ajeer-1431	353	10	and	and	CCONJ
ajeer-1431	353	11	transient	transient	ADJ
ajeer-1431	353	12	,	,	PUNCT
ajeer-1431	353	13	or	or	CCONJ
ajeer-1431	353	14	exogenous	exogenous	ADJ
ajeer-1431	353	15	.	.	PUNCT
ajeer-1431	354	1	transient	transient	VERB
ajeer-1431	354	2	and	and	CCONJ
ajeer-1431	354	3	permanent	permanent	ADJ
ajeer-1431	354	4	domestic	domestic	ADJ
ajeer-1431	354	5	shocks	shock	NOUN
ajeer-1431	354	6	are	be	AUX
ajeer-1431	354	7	respectively	respectively	ADV
ajeer-1431	354	8	approximated	approximate	VERB
ajeer-1431	354	9	by	by	ADP
ajeer-1431	354	10	the	the	DET
ajeer-1431	354	11	ratio	ratio	NOUN
ajeer-1431	354	12	of	of	ADP
ajeer-1431	354	13	the	the	DET
ajeer-1431	354	14	current	current	ADJ
ajeer-1431	354	15	account	account	NOUN
ajeer-1431	354	16	to	to	ADP
ajeer-1431	354	17	the	the	DET
ajeer-1431	354	18	gross	gross	ADJ
ajeer-1431	354	19	domestic	domestic	ADJ
ajeer-1431	354	20	product	product	NOUN
ajeer-1431	354	21	and	and	CCONJ
ajeer-1431	354	22	the	the	DET
ajeer-1431	354	23	ratio	ratio	NOUN
ajeer-1431	354	24	of	of	ADP
ajeer-1431	354	25	net	net	ADJ
ajeer-1431	354	26	output	output	NOUN
ajeer-1431	354	27	to	to	ADP
ajeer-1431	354	28	gross	gross	ADJ
ajeer-1431	354	29	domestic	domestic	ADJ
ajeer-1431	354	30	product	product	NOUN
ajeer-1431	354	31	.	.	PUNCT
ajeer-1431	355	1	exogenous	exogenous	ADJ
ajeer-1431	355	2	shocks	shock	NOUN
ajeer-1431	355	3	are	be	AUX
ajeer-1431	355	4	represented	represent	VERB
ajeer-1431	355	5	by	by	ADP
ajeer-1431	355	6	changes	change	NOUN
ajeer-1431	355	7	in	in	ADP
ajeer-1431	355	8	the	the	DET
ajeer-1431	355	9	real	real	ADJ
ajeer-1431	355	10	international	international	ADJ
ajeer-1431	355	11	interest	interest	NOUN
ajeer-1431	355	12	rate	rate	NOUN
ajeer-1431	355	13	.	.	PUNCT
ajeer-1431	356	1	the	the	DET
ajeer-1431	356	2	estimation	estimation	NOUN
ajeer-1431	356	3	of	of	ADP
ajeer-1431	356	4	the	the	DET
ajeer-1431	356	5	model	model	NOUN
ajeer-1431	356	6	was	be	AUX
ajeer-1431	356	7	made	make	VERB
ajeer-1431	356	8	on	on	ADP
ajeer-1431	356	9	data	datum	NOUN
ajeer-1431	356	10	covering	cover	VERB
ajeer-1431	356	11	the	the	DET
ajeer-1431	356	12	period	period	NOUN
ajeer-1431	356	13	1980	1980	NUM
ajeer-1431	356	14	-	-	SYM
ajeer-1431	356	15	2017	2017	NUM
ajeer-1431	356	16	and	and	CCONJ
ajeer-1431	356	17	seven	seven	NUM
ajeer-1431	356	18	of	of	ADP
ajeer-1431	356	19	the	the	DET
ajeer-1431	356	20	eight	eight	NUM
ajeer-1431	356	21	waemu	waemu	NOUN
ajeer-1431	356	22	countries	country	NOUN
ajeer-1431	356	23	.	.	PUNCT
ajeer-1431	357	1	the	the	DET
ajeer-1431	357	2	empirical	empirical	ADJ
ajeer-1431	357	3	results	result	NOUN
ajeer-1431	357	4	obtained	obtain	VERB
ajeer-1431	357	5	from	from	ADP
ajeer-1431	357	6	the	the	DET
ajeer-1431	357	7	analysis	analysis	NOUN
ajeer-1431	357	8	of	of	ADP
ajeer-1431	357	9	the	the	DET
ajeer-1431	357	10	impulse	impulse	ADJ
ajeer-1431	357	11	response	response	NOUN
ajeer-1431	357	12	functions	function	NOUN
ajeer-1431	357	13	and	and	CCONJ
ajeer-1431	357	14	the	the	DET
ajeer-1431	357	15	decomposition	decomposition	NOUN
ajeer-1431	357	16	of	of	ADP
ajeer-1431	357	17	the	the	DET
ajeer-1431	357	18	variances	variance	NOUN
ajeer-1431	357	19	make	make	VERB
ajeer-1431	357	20	it	it	PRON
ajeer-1431	357	21	possible	possible	ADJ
ajeer-1431	357	22	to	to	PART
ajeer-1431	357	23	make	make	VERB
ajeer-1431	357	24	the	the	DET
ajeer-1431	357	25	following	follow	VERB
ajeer-1431	357	26	remarks	remark	NOUN
ajeer-1431	357	27	.	.	PUNCT
ajeer-1431	358	1	in	in	ADP
ajeer-1431	358	2	waemu	waemu	NOUN
ajeer-1431	358	3	,	,	PUNCT
ajeer-1431	358	4	domestic	domestic	ADJ
ajeer-1431	358	5	shocks	shock	NOUN
ajeer-1431	358	6	are	be	AUX
ajeer-1431	358	7	the	the	DET
ajeer-1431	358	8	main	main	ADJ
ajeer-1431	358	9	sources	source	NOUN
ajeer-1431	358	10	of	of	ADP
ajeer-1431	358	11	current	current	ADJ
ajeer-1431	358	12	account	account	NOUN
ajeer-1431	358	13	and	and	CCONJ
ajeer-1431	358	14	net	net	ADJ
ajeer-1431	358	15	output	output	NOUN
ajeer-1431	358	16	fluctuations	fluctuation	NOUN
ajeer-1431	358	17	due	due	ADP
ajeer-1431	358	18	to	to	ADP
ajeer-1431	358	19	the	the	DET
ajeer-1431	358	20	low	low	ADJ
ajeer-1431	358	21	participation	participation	NOUN
ajeer-1431	358	22	of	of	ADP
ajeer-1431	358	23	countries	country	NOUN
ajeer-1431	358	24	in	in	ADP
ajeer-1431	358	25	international	international	ADJ
ajeer-1431	358	26	trade	trade	NOUN
ajeer-1431	358	27	and	and	CCONJ
ajeer-1431	358	28	in	in	ADP
ajeer-1431	358	29	keeping	keep	VERB
ajeer-1431	358	30	with	with	ADP
ajeer-1431	358	31	their	their	PRON
ajeer-1431	358	32	status	status	NOUN
ajeer-1431	358	33	as	as	ADP
ajeer-1431	358	34	small	small	ADJ
ajeer-1431	358	35	open	open	ADJ
ajeer-1431	358	36	economies	economy	NOUN
ajeer-1431	358	37	.	.	PUNCT
ajeer-1431	359	1	thus	thus	ADV
ajeer-1431	359	2	,	,	PUNCT
ajeer-1431	359	3	transient	transient	ADJ
ajeer-1431	359	4	shocks	shock	NOUN
ajeer-1431	359	5	determine	determine	VERB
ajeer-1431	359	6	the	the	DET
ajeer-1431	359	7	fluctuations	fluctuation	NOUN
ajeer-1431	359	8	of	of	ADP
ajeer-1431	359	9	the	the	DET
ajeer-1431	359	10	current	current	ADJ
ajeer-1431	359	11	account	account	NOUN
ajeer-1431	359	12	while	while	SCONJ
ajeer-1431	359	13	the	the	DET
ajeer-1431	359	14	impact	impact	NOUN
ajeer-1431	359	15	of	of	ADP
ajeer-1431	359	16	permanent	permanent	ADJ
ajeer-1431	359	17	and	and	CCONJ
ajeer-1431	359	18	global	global	ADJ
ajeer-1431	359	19	shocks	shock	NOUN
ajeer-1431	359	20	on	on	ADP
ajeer-1431	359	21	this	this	DET
ajeer-1431	359	22	aggregate	aggregate	NOUN
ajeer-1431	359	23	is	be	AUX
ajeer-1431	359	24	almost	almost	ADV
ajeer-1431	359	25	weak	weak	ADJ
ajeer-1431	359	26	.	.	PUNCT
ajeer-1431	360	1	this	this	DET
ajeer-1431	360	2	result	result	NOUN
ajeer-1431	360	3	is	be	AUX
ajeer-1431	360	4	consistent	consistent	ADJ
ajeer-1431	360	5	with	with	ADP
ajeer-1431	360	6	the	the	DET
ajeer-1431	360	7	predictions	prediction	NOUN
ajeer-1431	360	8	of	of	ADP
ajeer-1431	360	9	the	the	DET
ajeer-1431	360	10	inter	inter	ADJ
ajeer-1431	360	11	-	-	ADJ
ajeer-1431	360	12	temporal	temporal	ADJ
ajeer-1431	360	13	approach	approach	NOUN
ajeer-1431	360	14	,	,	PUNCT
ajeer-1431	360	15	which	which	PRON
ajeer-1431	360	16	states	state	VERB
ajeer-1431	360	17	that	that	SCONJ
ajeer-1431	360	18	fluctuations	fluctuation	NOUN
ajeer-1431	360	19	in	in	ADP
ajeer-1431	360	20	the	the	DET
ajeer-1431	360	21	current	current	ADJ
ajeer-1431	360	22	account	account	NOUN
ajeer-1431	360	23	of	of	ADP
ajeer-1431	360	24	a	a	DET
ajeer-1431	360	25	small	small	ADJ
ajeer-1431	360	26	open	open	ADJ
ajeer-1431	360	27	economy	economy	NOUN
ajeer-1431	360	28	are	be	AUX
ajeer-1431	360	29	caused	cause	VERB
ajeer-1431	360	30	by	by	ADP
ajeer-1431	360	31	transient	transient	ADJ
ajeer-1431	360	32	domestic	domestic	ADJ
ajeer-1431	360	33	shocks	shock	NOUN
ajeer-1431	360	34	.	.	PUNCT
ajeer-1431	361	1	as	as	ADP
ajeer-1431	361	2	for	for	ADP
ajeer-1431	361	3	net	net	ADJ
ajeer-1431	361	4	output	output	NOUN
ajeer-1431	361	5	,	,	PUNCT
ajeer-1431	361	6	its	its	PRON
ajeer-1431	361	7	fluctuations	fluctuation	NOUN
ajeer-1431	361	8	can	can	AUX
ajeer-1431	361	9	be	be	AUX
ajeer-1431	361	10	explained	explain	VERB
ajeer-1431	361	11	by	by	ADP
ajeer-1431	361	12	permanent	permanent	ADJ
ajeer-1431	361	13	domestic	domestic	ADJ
ajeer-1431	361	14	shocks	shock	NOUN
ajeer-1431	361	15	in	in	ADP
ajeer-1431	361	16	the	the	DET
ajeer-1431	361	17	short	short	ADJ
ajeer-1431	361	18	term	term	NOUN
ajeer-1431	361	19	.	.	PUNCT
ajeer-1431	362	1	nevertheless	nevertheless	ADV
ajeer-1431	362	2	,	,	PUNCT
ajeer-1431	362	3	in	in	ADP
ajeer-1431	362	4	the	the	DET
ajeer-1431	362	5	long	long	ADJ
ajeer-1431	362	6	run	run	NOUN
ajeer-1431	362	7	,	,	PUNCT
ajeer-1431	362	8	changes	change	NOUN
ajeer-1431	362	9	in	in	ADP
ajeer-1431	362	10	the	the	DET
ajeer-1431	362	11	real	real	ADJ
ajeer-1431	362	12	international	international	ADJ
ajeer-1431	362	13	interest	interest	NOUN
ajeer-1431	362	14	rate	rate	NOUN
ajeer-1431	362	15	are	be	AUX
ajeer-1431	362	16	the	the	DET
ajeer-1431	362	17	main	main	ADJ
ajeer-1431	362	18	cause	cause	NOUN
ajeer-1431	362	19	of	of	ADP
ajeer-1431	362	20	fluctuations	fluctuation	NOUN
ajeer-1431	362	21	in	in	ADP
ajeer-1431	362	22	net	net	ADJ
ajeer-1431	362	23	output	output	NOUN
ajeer-1431	362	24	.	.	PUNCT
ajeer-1431	363	1	the	the	DET
ajeer-1431	363	2	other	other	ADJ
ajeer-1431	363	3	conclusion	conclusion	NOUN
ajeer-1431	363	4	that	that	SCONJ
ajeer-1431	363	5	we	we	PRON
ajeer-1431	363	6	can	can	AUX
ajeer-1431	363	7	draw	draw	VERB
ajeer-1431	363	8	from	from	ADP
ajeer-1431	363	9	these	these	DET
ajeer-1431	363	10	results	result	NOUN
ajeer-1431	363	11	is	be	AUX
ajeer-1431	363	12	that	that	SCONJ
ajeer-1431	363	13	the	the	DET
ajeer-1431	363	14	shocks	shock	NOUN
ajeer-1431	363	15	that	that	PRON
ajeer-1431	363	16	determine	determine	VERB
ajeer-1431	363	17	the	the	DET
ajeer-1431	363	18	fluctuations	fluctuation	NOUN
ajeer-1431	363	19	of	of	ADP
ajeer-1431	363	20	the	the	DET
ajeer-1431	363	21	current	current	ADJ
ajeer-1431	363	22	account	account	NOUN
ajeer-1431	363	23	and	and	CCONJ
ajeer-1431	363	24	the	the	DET
ajeer-1431	363	25	net	net	ADJ
ajeer-1431	363	26	production	production	NOUN
ajeer-1431	363	27	are	be	AUX
ajeer-1431	363	28	not	not	PART
ajeer-1431	363	29	identical	identical	ADJ
ajeer-1431	363	30	under	under	ADP
ajeer-1431	363	31	waemu	waemu	NOUN
ajeer-1431	363	32	.	.	PUNCT
ajeer-1431	364	1	what	what	PRON
ajeer-1431	364	2	constitutes	constitute	VERB
ajeer-1431	364	3	a	a	DET
ajeer-1431	364	4	"	"	PUNCT
ajeer-1431	364	5	puzzle	puzzle	NOUN
ajeer-1431	364	6	"	"	PUNCT
ajeer-1431	364	7	from	from	ADP
ajeer-1431	364	8	the	the	DET
ajeer-1431	364	9	asian	asian	ADJ
ajeer-1431	364	10	journal	journal	NOUN
ajeer-1431	364	11	of	of	ADP
ajeer-1431	364	12	economics	economic	NOUN
ajeer-1431	364	13	and	and	CCONJ
ajeer-1431	364	14	empirical	empirical	ADJ
ajeer-1431	364	15	research	research	NOUN
ajeer-1431	364	16	,	,	PUNCT
ajeer-1431	364	17	2020	2020	NUM
ajeer-1431	364	18	,	,	PUNCT
ajeer-1431	364	19	7(1	7(1	NUM
ajeer-1431	364	20	):	):	PUNCT
ajeer-1431	364	21	46	46	NUM
ajeer-1431	364	22	-	-	SYM
ajeer-1431	364	23	63	63	NUM
ajeer-1431	364	24	56	56	NUM
ajeer-1431	364	25	©	©	PROPN
ajeer-1431	364	26	2020	2020	NUM
ajeer-1431	364	27	by	by	ADP
ajeer-1431	364	28	the	the	DET
ajeer-1431	364	29	authors	author	NOUN
ajeer-1431	364	30	;	;	PUNCT
ajeer-1431	364	31	licensee	licensee	PROPN
ajeer-1431	364	32	asian	asian	ADJ
ajeer-1431	364	33	online	online	PROPN
ajeer-1431	364	34	journal	journal	PROPN
ajeer-1431	364	35	publishing	publishing	NOUN
ajeer-1431	364	36	group	group	NOUN
ajeer-1431	364	37	point	point	NOUN
ajeer-1431	364	38	of	of	ADP
ajeer-1431	364	39	view	view	NOUN
ajeer-1431	364	40	of	of	ADP
ajeer-1431	364	41	the	the	DET
ajeer-1431	364	42	inter	inter	ADJ
ajeer-1431	364	43	-	-	ADJ
ajeer-1431	364	44	temporal	temporal	ADJ
ajeer-1431	364	45	approach	approach	NOUN
ajeer-1431	364	46	.	.	PUNCT
ajeer-1431	365	1	but	but	CCONJ
ajeer-1431	365	2	this	this	DET
ajeer-1431	365	3	same	same	ADJ
ajeer-1431	365	4	observation	observation	NOUN
ajeer-1431	365	5	was	be	AUX
ajeer-1431	365	6	made	make	VERB
ajeer-1431	365	7	by	by	ADP
ajeer-1431	365	8	kano	kano	PROPN
ajeer-1431	365	9	(	(	PUNCT
ajeer-1431	365	10	2003	2003	NUM
ajeer-1431	365	11	)	)	PUNCT
ajeer-1431	365	12	in	in	ADP
ajeer-1431	365	13	canada	canada	PROPN
ajeer-1431	365	14	and	and	CCONJ
ajeer-1431	365	15	the	the	DET
ajeer-1431	365	16	united	united	ADJ
ajeer-1431	365	17	kingdom	kingdom	PROPN
ajeer-1431	365	18	,	,	PUNCT
ajeer-1431	365	19	where	where	SCONJ
ajeer-1431	365	20	current	current	ADJ
ajeer-1431	365	21	account	account	NOUN
ajeer-1431	365	22	fluctuations	fluctuation	NOUN
ajeer-1431	365	23	would	would	AUX
ajeer-1431	365	24	be	be	AUX
ajeer-1431	365	25	explained	explain	VERB
ajeer-1431	365	26	by	by	ADP
ajeer-1431	365	27	transient	transient	ADJ
ajeer-1431	365	28	domestic	domestic	ADJ
ajeer-1431	365	29	shocks	shock	NOUN
ajeer-1431	365	30	but	but	CCONJ
ajeer-1431	365	31	which	which	PRON
ajeer-1431	365	32	would	would	AUX
ajeer-1431	365	33	have	have	VERB
ajeer-1431	365	34	a	a	DET
ajeer-1431	365	35	limited	limited	ADJ
ajeer-1431	365	36	influence	influence	NOUN
ajeer-1431	365	37	on	on	ADP
ajeer-1431	365	38	changes	change	NOUN
ajeer-1431	365	39	in	in	ADP
ajeer-1431	365	40	net	net	ADJ
ajeer-1431	365	41	income	income	NOUN
ajeer-1431	365	42	.	.	PUNCT
ajeer-1431	366	1	in	in	ADP
ajeer-1431	366	2	view	view	NOUN
ajeer-1431	366	3	of	of	ADP
ajeer-1431	366	4	the	the	DET
ajeer-1431	366	5	empirical	empirical	ADJ
ajeer-1431	366	6	results	result	NOUN
ajeer-1431	366	7	,	,	PUNCT
ajeer-1431	366	8	the	the	DET
ajeer-1431	366	9	improvement	improvement	NOUN
ajeer-1431	366	10	of	of	ADP
ajeer-1431	366	11	the	the	DET
ajeer-1431	366	12	level	level	NOUN
ajeer-1431	366	13	of	of	ADP
ajeer-1431	366	14	current	current	ADJ
ajeer-1431	366	15	deficits	deficit	NOUN
ajeer-1431	366	16	in	in	ADP
ajeer-1431	366	17	the	the	DET
ajeer-1431	366	18	waemu	waemu	NOUN
ajeer-1431	366	19	requires	require	VERB
ajeer-1431	366	20	the	the	DET
ajeer-1431	366	21	control	control	NOUN
ajeer-1431	366	22	of	of	ADP
ajeer-1431	366	23	domestic	domestic	ADJ
ajeer-1431	366	24	transient	transient	ADJ
ajeer-1431	366	25	shocks	shock	NOUN
ajeer-1431	366	26	.	.	PUNCT
ajeer-1431	367	1	however	however	ADV
ajeer-1431	367	2	,	,	PUNCT
ajeer-1431	367	3	this	this	DET
ajeer-1431	367	4	study	study	NOUN
ajeer-1431	367	5	has	have	VERB
ajeer-1431	367	6	some	some	DET
ajeer-1431	367	7	limitations	limitation	NOUN
ajeer-1431	367	8	.	.	PUNCT
ajeer-1431	368	1	first	first	ADV
ajeer-1431	368	2	,	,	PUNCT
ajeer-1431	368	3	other	other	ADJ
ajeer-1431	368	4	sources	source	NOUN
ajeer-1431	368	5	of	of	ADP
ajeer-1431	368	6	current	current	ADJ
ajeer-1431	368	7	account	account	NOUN
ajeer-1431	368	8	variations	variation	NOUN
ajeer-1431	368	9	such	such	ADJ
ajeer-1431	368	10	as	as	ADP
ajeer-1431	368	11	supply	supply	NOUN
ajeer-1431	368	12	and	and	CCONJ
ajeer-1431	368	13	preference	preference	NOUN
ajeer-1431	368	14	shocks	shock	NOUN
ajeer-1431	368	15	could	could	AUX
ajeer-1431	368	16	have	have	AUX
ajeer-1431	368	17	been	be	AUX
ajeer-1431	368	18	incorporated	incorporate	VERB
ajeer-1431	368	19	and	and	CCONJ
ajeer-1431	368	20	would	would	AUX
ajeer-1431	368	21	have	have	AUX
ajeer-1431	368	22	improved	improve	VERB
ajeer-1431	368	23	the	the	DET
ajeer-1431	368	24	model	model	NOUN
ajeer-1431	368	25	results	result	NOUN
ajeer-1431	368	26	.	.	PUNCT
ajeer-1431	369	1	however	however	ADV
ajeer-1431	369	2	,	,	PUNCT
ajeer-1431	369	3	the	the	DET
ajeer-1431	369	4	availability	availability	NOUN
ajeer-1431	369	5	of	of	ADP
ajeer-1431	369	6	data	datum	NOUN
ajeer-1431	369	7	covering	cover	VERB
ajeer-1431	369	8	the	the	DET
ajeer-1431	369	9	entire	entire	ADJ
ajeer-1431	369	10	study	study	NOUN
ajeer-1431	369	11	period	period	NOUN
ajeer-1431	369	12	was	be	AUX
ajeer-1431	369	13	lacking	lack	VERB
ajeer-1431	369	14	.	.	PUNCT
ajeer-1431	370	1	secondly	secondly	ADV
ajeer-1431	370	2	,	,	PUNCT
ajeer-1431	370	3	the	the	DET
ajeer-1431	370	4	study	study	NOUN
ajeer-1431	370	5	only	only	ADV
ajeer-1431	370	6	gives	give	VERB
ajeer-1431	370	7	an	an	DET
ajeer-1431	370	8	indication	indication	NOUN
ajeer-1431	370	9	of	of	ADP
ajeer-1431	370	10	the	the	DET
ajeer-1431	370	11	origin	origin	NOUN
ajeer-1431	370	12	of	of	ADP
ajeer-1431	370	13	current	current	ADJ
ajeer-1431	370	14	account	account	NOUN
ajeer-1431	370	15	fluctuations	fluctuation	NOUN
ajeer-1431	370	16	,	,	PUNCT
ajeer-1431	370	17	but	but	CCONJ
ajeer-1431	370	18	does	do	AUX
ajeer-1431	370	19	not	not	PART
ajeer-1431	370	20	specifically	specifically	ADV
ajeer-1431	370	21	identify	identify	VERB
ajeer-1431	370	22	the	the	DET
ajeer-1431	370	23	imbalance	imbalance	NOUN
ajeer-1431	370	24	factors	factor	NOUN
ajeer-1431	370	25	in	in	ADP
ajeer-1431	370	26	the	the	DET
ajeer-1431	370	27	specific	specific	ADJ
ajeer-1431	370	28	context	context	NOUN
ajeer-1431	370	29	of	of	ADP
ajeer-1431	370	30	waemu	waemu	NOUN
ajeer-1431	370	31	.	.	PUNCT
ajeer-1431	371	1	thus	thus	ADV
ajeer-1431	371	2	,	,	PUNCT
ajeer-1431	371	3	it	it	PRON
ajeer-1431	371	4	would	would	AUX
ajeer-1431	371	5	be	be	AUX
ajeer-1431	371	6	particularly	particularly	ADV
ajeer-1431	371	7	important	important	ADJ
ajeer-1431	371	8	to	to	PART
ajeer-1431	371	9	supplement	supplement	VERB
ajeer-1431	371	10	it	it	PRON
ajeer-1431	371	11	with	with	ADP
ajeer-1431	371	12	another	another	DET
ajeer-1431	371	13	study	study	NOUN
ajeer-1431	371	14	that	that	PRON
ajeer-1431	371	15	would	would	AUX
ajeer-1431	371	16	seek	seek	VERB
ajeer-1431	371	17	to	to	PART
ajeer-1431	371	18	identify	identify	VERB
ajeer-1431	371	19	precisely	precisely	ADV
ajeer-1431	371	20	the	the	DET
ajeer-1431	371	21	current	current	ADJ
ajeer-1431	371	22	account	account	NOUN
ajeer-1431	371	23	deficit	deficit	NOUN
ajeer-1431	371	24	factors	factor	NOUN
ajeer-1431	371	25	in	in	ADP
ajeer-1431	371	26	waemu	waemu	NOUN
ajeer-1431	371	27	.	.	PUNCT
ajeer-1431	372	1	if	if	SCONJ
ajeer-1431	372	2	so	so	ADV
ajeer-1431	372	3	,	,	PUNCT
ajeer-1431	372	4	it	it	PRON
ajeer-1431	372	5	will	will	AUX
ajeer-1431	372	6	be	be	AUX
ajeer-1431	372	7	interesting	interesting	ADJ
ajeer-1431	372	8	to	to	PART
ajeer-1431	372	9	look	look	VERB
ajeer-1431	372	10	for	for	ADP
ajeer-1431	372	11	current	current	ADJ
ajeer-1431	372	12	account	account	NOUN
ajeer-1431	372	13	adjustment	adjustment	NOUN
ajeer-1431	372	14	policies	policy	NOUN
ajeer-1431	372	15	within	within	ADP
ajeer-1431	372	16	the	the	DET
ajeer-1431	372	17	union	union	NOUN
ajeer-1431	372	18	based	base	VERB
ajeer-1431	372	19	on	on	ADP
ajeer-1431	372	20	the	the	DET
ajeer-1431	372	21	deficit	deficit	NOUN
ajeer-1431	372	22	factors	factor	NOUN
ajeer-1431	372	23	that	that	PRON
ajeer-1431	372	24	would	would	AUX
ajeer-1431	372	25	be	be	AUX
ajeer-1431	372	26	identified	identify	VERB
ajeer-1431	372	27	.	.	PUNCT
ajeer-1431	373	1	references	reference	NOUN
ajeer-1431	373	2	alby	alby	PROPN
ajeer-1431	373	3	,	,	PUNCT
ajeer-1431	373	4	s.	s.	PROPN
ajeer-1431	373	5	(	(	PUNCT
ajeer-1431	373	6	2018	2018	NUM
ajeer-1431	373	7	)	)	PUNCT
ajeer-1431	373	8	.	.	PUNCT
ajeer-1431	374	1	cfa	cfa	PROPN
ajeer-1431	374	2	franc	franc	PROPN
ajeer-1431	374	3	:	:	PUNCT
ajeer-1431	374	4	new	new	ADJ
ajeer-1431	374	5	stress	stress	NOUN
ajeer-1431	374	6	test	test	NOUN
ajeer-1431	374	7	.	.	PUNCT
ajeer-1431	375	1	conjoncture	conjoncture	PROPN
ajeer-1431	375	2	2018	2018	NUM
ajeer-1431	375	3	,	,	PUNCT
ajeer-1431	375	4	economic-research.bnpparibas.com	economic-research.bnpparibas.com	PROPN
ajeer-1431	375	5	.	.	PROPN
ajeer-1431	375	6	,	,	PUNCT
ajeer-1431	375	7	france	france	PROPN
ajeer-1431	375	8	.	.	PUNCT
ajeer-1431	376	1	2	2	NUM
ajeer-1431	376	2	-	-	SYM
ajeer-1431	376	3	10	10	NUM
ajeer-1431	376	4	.	.	PUNCT
ajeer-1431	377	1	bernard	bernard	PROPN
ajeer-1431	377	2	,	,	PUNCT
ajeer-1431	377	3	c.	c.	PROPN
ajeer-1431	377	4	(	(	PUNCT
ajeer-1431	377	5	1995	1995	NUM
ajeer-1431	377	6	)	)	PUNCT
ajeer-1431	377	7	.	.	PUNCT
ajeer-1431	378	1	devaluation	devaluation	NOUN
ajeer-1431	378	2	of	of	ADP
ajeer-1431	378	3	the	the	DET
ajeer-1431	378	4	fcfa	fcfa	NOUN
ajeer-1431	378	5	and	and	CCONJ
ajeer-1431	378	6	balance	balance	NOUN
ajeer-1431	378	7	of	of	ADP
ajeer-1431	378	8	current	current	ADJ
ajeer-1431	378	9	payments	payment	NOUN
ajeer-1431	378	10	.	.	PUNCT
ajeer-1431	379	1	bordeaux	bordeaux	NOUN
ajeer-1431	379	2	iv	iv	PROPN
ajeer-1431	379	3	,	,	PUNCT
ajeer-1431	379	4	france	france	PROPN
ajeer-1431	379	5	:	:	PUNCT
ajeer-1431	379	6	center	center	NOUN
ajeer-1431	379	7	for	for	ADP
ajeer-1431	379	8	development	development	NOUN
ajeer-1431	379	9	economics	economic	NOUN
ajeer-1431	379	10	,	,	PUNCT
ajeer-1431	379	11	montesquieu	montesquieu	PROPN
ajeer-1431	379	12	university	university	PROPN
ajeer-1431	379	13	.	.	PUNCT
ajeer-1431	380	1	blanchard	blanchard	PROPN
ajeer-1431	380	2	,	,	PUNCT
ajeer-1431	380	3	o.	o.	PROPN
ajeer-1431	380	4	j.	j.	PROPN
ajeer-1431	380	5	,	,	PUNCT
ajeer-1431	380	6	&	&	CCONJ
ajeer-1431	380	7	quah	quah	PROPN
ajeer-1431	380	8	,	,	PUNCT
ajeer-1431	380	9	d.	d.	PROPN
ajeer-1431	380	10	(	(	PUNCT
ajeer-1431	380	11	1989	1989	NUM
ajeer-1431	380	12	)	)	PUNCT
ajeer-1431	380	13	.	.	PUNCT
ajeer-1431	381	1	the	the	DET
ajeer-1431	381	2	dynamic	dynamic	ADJ
ajeer-1431	381	3	effects	effect	NOUN
ajeer-1431	381	4	of	of	ADP
ajeer-1431	381	5	aggregate	aggregate	ADJ
ajeer-1431	381	6	demand	demand	NOUN
ajeer-1431	381	7	and	and	CCONJ
ajeer-1431	381	8	supply	supply	NOUN
ajeer-1431	381	9	disturbances	disturbance	NOUN
ajeer-1431	381	10	.	.	PUNCT
ajeer-1431	382	1	the	the	DET
ajeer-1431	382	2	american	american	PROPN
ajeer-1431	382	3	economic	economic	PROPN
ajeer-1431	382	4	review	review	PROPN
ajeer-1431	382	5	,	,	PUNCT
ajeer-1431	382	6	79(4	79(4	NOUN
ajeer-1431	382	7	)	)	PUNCT
ajeer-1431	382	8	,	,	PUNCT
ajeer-1431	382	9	653	653	NUM
ajeer-1431	382	10	-	-	SYM
ajeer-1431	382	11	673	673	NUM
ajeer-1431	382	12	.	.	PUNCT
ajeer-1431	382	13	buiter	buiter	NOUN
ajeer-1431	382	14	,	,	PUNCT
ajeer-1431	382	15	w.	w.	PROPN
ajeer-1431	382	16	h.	h.	PROPN
ajeer-1431	382	17	(	(	PUNCT
ajeer-1431	382	18	1981	1981	NUM
ajeer-1431	382	19	)	)	PUNCT
ajeer-1431	382	20	.	.	PUNCT
ajeer-1431	383	1	time	time	NOUN
ajeer-1431	383	2	preference	preference	NOUN
ajeer-1431	383	3	and	and	CCONJ
ajeer-1431	383	4	international	international	ADJ
ajeer-1431	383	5	lending	lending	NOUN
ajeer-1431	383	6	and	and	CCONJ
ajeer-1431	383	7	borrowing	borrowing	NOUN
ajeer-1431	383	8	in	in	ADP
ajeer-1431	383	9	an	an	DET
ajeer-1431	383	10	overlapping	overlap	VERB
ajeer-1431	383	11	-	-	PUNCT
ajeer-1431	383	12	generations	generation	NOUN
ajeer-1431	383	13	model	model	NOUN
ajeer-1431	383	14	.	.	PUNCT
ajeer-1431	384	1	journal	journal	PROPN
ajeer-1431	384	2	of	of	ADP
ajeer-1431	384	3	political	political	ADJ
ajeer-1431	384	4	economy	economy	NOUN
ajeer-1431	384	5	,	,	PUNCT
ajeer-1431	384	6	89(4	89(4	NOUN
ajeer-1431	384	7	)	)	PUNCT
ajeer-1431	384	8	,	,	PUNCT
ajeer-1431	384	9	769	769	NUM
ajeer-1431	384	10	-	-	SYM
ajeer-1431	384	11	797	797	NUM
ajeer-1431	384	12	.	.	PUNCT
ajeer-1431	384	13	available	available	ADJ
ajeer-1431	384	14	at	at	ADP
ajeer-1431	384	15	:	:	PUNCT
ajeer-1431	384	16	https://doi.org/10.1086/261002	https://doi.org/10.1086/261002	NOUN
ajeer-1431	384	17	.	.	NOUN
ajeer-1431	384	18	bussiere	bussiere	PROPN
ajeer-1431	384	19	,	,	PUNCT
ajeer-1431	384	20	m.	m.	NOUN
ajeer-1431	384	21	,	,	PUNCT
ajeer-1431	384	22	karadimitropoulou	karadimitropoulou	ADJ
ajeer-1431	384	23	,	,	PUNCT
ajeer-1431	384	24	a.	a.	PROPN
ajeer-1431	384	25	,	,	PUNCT
ajeer-1431	384	26	&	&	CCONJ
ajeer-1431	384	27	leon	leon	PROPN
ajeer-1431	384	28	-	-	PUNCT
ajeer-1431	384	29	ledesma	ledesma	PROPN
ajeer-1431	384	30	,	,	PUNCT
ajeer-1431	384	31	m.	m.	NOUN
ajeer-1431	384	32	a.	a.	PROPN
ajeer-1431	384	33	(	(	PUNCT
ajeer-1431	384	34	2017	2017	NUM
ajeer-1431	384	35	)	)	PUNCT
ajeer-1431	384	36	.	.	PUNCT
ajeer-1431	385	1	current	current	ADJ
ajeer-1431	385	2	account	account	NOUN
ajeer-1431	385	3	dynamics	dynamic	NOUN
ajeer-1431	385	4	and	and	CCONJ
ajeer-1431	385	5	the	the	DET
ajeer-1431	385	6	real	real	ADJ
ajeer-1431	385	7	exchange	exchange	NOUN
ajeer-1431	385	8	rate	rate	NOUN
ajeer-1431	385	9	:	:	PUNCT
ajeer-1431	385	10	disentangling	disentangle	VERB
ajeer-1431	385	11	the	the	DET
ajeer-1431	385	12	evidence	evidence	NOUN
ajeer-1431	385	13	:	:	PUNCT
ajeer-1431	385	14	school	school	NOUN
ajeer-1431	385	15	of	of	ADP
ajeer-1431	385	16	economics	economic	NOUN
ajeer-1431	385	17	,	,	PUNCT
ajeer-1431	385	18	university	university	NOUN
ajeer-1431	385	19	of	of	ADP
ajeer-1431	385	20	east	east	PROPN
ajeer-1431	385	21	anglia	anglia	PROPN
ajeer-1431	385	22	,	,	PUNCT
ajeer-1431	385	23	norwich	norwich	PROPN
ajeer-1431	385	24	,	,	PUNCT
ajeer-1431	385	25	uk	uk	PROPN
ajeer-1431	385	26	.	.	PROPN
ajeer-1431	385	27	campa	campa	PROPN
ajeer-1431	385	28	,	,	PUNCT
ajeer-1431	385	29	j.	j.	PROPN
ajeer-1431	385	30	m.	m.	PROPN
ajeer-1431	385	31	,	,	PUNCT
ajeer-1431	385	32	&	&	CCONJ
ajeer-1431	385	33	gavilan	gavilan	PROPN
ajeer-1431	385	34	,	,	PUNCT
ajeer-1431	385	35	a.	a.	NOUN
ajeer-1431	385	36	(	(	PUNCT
ajeer-1431	385	37	2006	2006	NUM
ajeer-1431	385	38	)	)	PUNCT
ajeer-1431	385	39	.	.	PUNCT
ajeer-1431	386	1	current	current	ADJ
ajeer-1431	386	2	accounts	account	NOUN
ajeer-1431	386	3	in	in	ADP
ajeer-1431	386	4	the	the	DET
ajeer-1431	386	5	euro	euro	PROPN
ajeer-1431	386	6	area	area	NOUN
ajeer-1431	386	7	:	:	PUNCT
ajeer-1431	386	8	an	an	DET
ajeer-1431	386	9	intertemporal	intertemporal	ADJ
ajeer-1431	386	10	approach	approach	NOUN
ajeer-1431	386	11	.	.	PUNCT
ajeer-1431	387	1	bank	bank	PROPN
ajeer-1431	387	2	of	of	ADP
ajeer-1431	387	3	spain	spain	PROPN
ajeer-1431	387	4	,	,	PUNCT
ajeer-1431	387	5	working	work	VERB
ajeer-1431	387	6	document	document	NOUN
ajeer-1431	387	7	no	no	INTJ
ajeer-1431	387	8	.	.	PUNCT
ajeer-1431	387	9	0638	0638	NUM
ajeer-1431	387	10	.	.	PUNCT
ajeer-1431	388	1	denton	denton	PROPN
ajeer-1431	388	2	,	,	PUNCT
ajeer-1431	388	3	f.	f.	PROPN
ajeer-1431	388	4	t.	t.	PROPN
ajeer-1431	388	5	(	(	PUNCT
ajeer-1431	388	6	1971	1971	NUM
ajeer-1431	388	7	)	)	PUNCT
ajeer-1431	388	8	.	.	PUNCT
ajeer-1431	389	1	adjustment	adjustment	NOUN
ajeer-1431	389	2	of	of	ADP
ajeer-1431	389	3	monthly	monthly	ADJ
ajeer-1431	389	4	or	or	CCONJ
ajeer-1431	389	5	quarterly	quarterly	ADJ
ajeer-1431	389	6	series	series	NOUN
ajeer-1431	389	7	to	to	ADP
ajeer-1431	389	8	annual	annual	ADJ
ajeer-1431	389	9	totals	total	NOUN
ajeer-1431	389	10	:	:	PUNCT
ajeer-1431	389	11	an	an	DET
ajeer-1431	389	12	approach	approach	NOUN
ajeer-1431	389	13	based	base	VERB
ajeer-1431	389	14	on	on	ADP
ajeer-1431	389	15	quadratic	quadratic	ADJ
ajeer-1431	389	16	minimization	minimization	NOUN
ajeer-1431	389	17	.	.	PUNCT
ajeer-1431	390	1	journal	journal	NOUN
ajeer-1431	390	2	of	of	ADP
ajeer-1431	390	3	the	the	DET
ajeer-1431	390	4	american	american	PROPN
ajeer-1431	390	5	statistical	statistical	PROPN
ajeer-1431	390	6	association	association	NOUN
ajeer-1431	390	7	,	,	PUNCT
ajeer-1431	390	8	66(333	66(333	NOUN
ajeer-1431	390	9	)	)	PUNCT
ajeer-1431	390	10	,	,	PUNCT
ajeer-1431	390	11	99	99	NUM
ajeer-1431	390	12	-	-	SYM
ajeer-1431	390	13	102	102	NUM
ajeer-1431	390	14	.	.	PUNCT
ajeer-1431	390	15	available	available	ADJ
ajeer-1431	390	16	at	at	ADP
ajeer-1431	390	17	:	:	PUNCT
ajeer-1431	390	18	https://doi.org/10.1080/01621459.1971.10482227	https://doi.org/10.1080/01621459.1971.10482227	PROPN
ajeer-1431	390	19	.	.	PUNCT
ajeer-1431	391	1	dunne	dunne	PROPN
ajeer-1431	391	2	,	,	PUNCT
ajeer-1431	391	3	j.	j.	PROPN
ajeer-1431	391	4	p.	p.	PROPN
ajeer-1431	391	5	,	,	PUNCT
ajeer-1431	391	6	&	&	CCONJ
ajeer-1431	391	7	makanza	makanza	ADJ
ajeer-1431	391	8	,	,	PUNCT
ajeer-1431	391	9	c.	c.	PROPN
ajeer-1431	391	10	s.	s.	PROPN
ajeer-1431	391	11	(	(	PUNCT
ajeer-1431	391	12	2016	2016	NUM
ajeer-1431	391	13	)	)	PUNCT
ajeer-1431	391	14	.	.	PUNCT
ajeer-1431	392	1	current	current	ADJ
ajeer-1431	392	2	account	account	NOUN
ajeer-1431	392	3	dynamics	dynamic	NOUN
ajeer-1431	392	4	and	and	CCONJ
ajeer-1431	392	5	monetary	monetary	ADJ
ajeer-1431	392	6	policy	policy	NOUN
ajeer-1431	392	7	transmission	transmission	NOUN
ajeer-1431	392	8	in	in	ADP
ajeer-1431	392	9	south	south	PROPN
ajeer-1431	392	10	africa	africa	PROPN
ajeer-1431	392	11	.	.	PUNCT
ajeer-1431	393	1	school	school	NOUN
ajeer-1431	393	2	of	of	ADP
ajeer-1431	393	3	economics	economic	NOUN
ajeer-1431	393	4	discussion	discussion	NOUN
ajeer-1431	393	5	paper	paper	NOUN
ajeer-1431	393	6	series	series	NOUN
ajeer-1431	393	7	,	,	PUNCT
ajeer-1431	393	8	no	no	INTJ
ajeer-1431	393	9	.	.	NOUN
ajeer-1431	393	10	2016	2016	NUM
ajeer-1431	393	11	-	-	SYM
ajeer-1431	393	12	02	02	NUM
ajeer-1431	393	13	.	.	PUNCT
ajeer-1431	394	1	school	school	NOUN
ajeer-1431	394	2	of	of	ADP
ajeer-1431	394	3	economics	economic	NOUN
ajeer-1431	394	4	,	,	PUNCT
ajeer-1431	394	5	university	university	NOUN
ajeer-1431	394	6	of	of	ADP
ajeer-1431	394	7	cape	cape	NOUN
ajeer-1431	394	8	town	town	NOUN
ajeer-1431	394	9	.	.	PUNCT
ajeer-1431	395	1	ghosh	ghosh	PROPN
ajeer-1431	395	2	,	,	PUNCT
ajeer-1431	395	3	a.	a.	PROPN
ajeer-1431	395	4	r.	r.	PROPN
ajeer-1431	395	5	(	(	PUNCT
ajeer-1431	395	6	1995	1995	NUM
ajeer-1431	395	7	)	)	PUNCT
ajeer-1431	395	8	.	.	PUNCT
ajeer-1431	396	1	international	international	ADJ
ajeer-1431	396	2	capital	capital	NOUN
ajeer-1431	396	3	mobility	mobility	NOUN
ajeer-1431	396	4	amongst	amongst	ADP
ajeer-1431	396	5	the	the	DET
ajeer-1431	396	6	major	major	ADJ
ajeer-1431	396	7	industrialised	industrialised	ADJ
ajeer-1431	396	8	countries	country	NOUN
ajeer-1431	396	9	:	:	PUNCT
ajeer-1431	396	10	too	too	ADV
ajeer-1431	396	11	little	little	ADJ
ajeer-1431	396	12	or	or	CCONJ
ajeer-1431	396	13	too	too	ADV
ajeer-1431	396	14	much	much	ADJ
ajeer-1431	396	15	?	?	PUNCT
ajeer-1431	397	1	the	the	DET
ajeer-1431	397	2	economic	economic	ADJ
ajeer-1431	397	3	journal	journal	NOUN
ajeer-1431	397	4	,	,	PUNCT
ajeer-1431	397	5	105(428	105(428	NUM
ajeer-1431	397	6	)	)	PUNCT
ajeer-1431	397	7	,	,	PUNCT
ajeer-1431	397	8	107	107	NUM
ajeer-1431	397	9	-	-	SYM
ajeer-1431	397	10	128	128	NUM
ajeer-1431	397	11	.	.	PUNCT
ajeer-1431	397	12	available	available	ADJ
ajeer-1431	397	13	at	at	ADP
ajeer-1431	397	14	:	:	PUNCT
ajeer-1431	397	15	https://doi.org/10.2307/2235322	https://doi.org/10.2307/2235322	PROPN
ajeer-1431	397	16	.	.	PUNCT
ajeer-1431	398	1	glick	glick	PROPN
ajeer-1431	398	2	,	,	PUNCT
ajeer-1431	398	3	r.	r.	PROPN
ajeer-1431	398	4	,	,	PUNCT
ajeer-1431	398	5	&	&	CCONJ
ajeer-1431	398	6	rogoff	rogoff	PROPN
ajeer-1431	398	7	,	,	PUNCT
ajeer-1431	398	8	k.	k.	PROPN
ajeer-1431	398	9	(	(	PUNCT
ajeer-1431	398	10	1992	1992	NUM
ajeer-1431	398	11	)	)	PUNCT
ajeer-1431	398	12	.	.	PUNCT
ajeer-1431	399	1	global	global	ADJ
ajeer-1431	399	2	versus	versus	ADP
ajeer-1431	399	3	country	country	NOUN
ajeer-1431	399	4	-	-	PUNCT
ajeer-1431	399	5	specific	specific	ADJ
ajeer-1431	399	6	productivity	productivity	NOUN
ajeer-1431	399	7	shocks	shock	NOUN
ajeer-1431	399	8	and	and	CCONJ
ajeer-1431	399	9	the	the	DET
ajeer-1431	399	10	current	current	ADJ
ajeer-1431	399	11	account	account	NOUN
ajeer-1431	399	12	dynamics	dynamic	NOUN
ajeer-1431	399	13	.	.	PUNCT
ajeer-1431	399	14	journal	journal	NOUN
ajeer-1431	399	15	of	of	ADP
ajeer-1431	399	16	monetary	monetary	ADJ
ajeer-1431	399	17	economics	economic	NOUN
ajeer-1431	399	18	,	,	PUNCT
ajeer-1431	399	19	35	35	NUM
ajeer-1431	399	20	,	,	PUNCT
ajeer-1431	399	21	159	159	NUM
ajeer-1431	399	22	-	-	SYM
ajeer-1431	399	23	193	193	NUM
ajeer-1431	399	24	.	.	PUNCT
ajeer-1431	400	1	gregory	gregory	PROPN
ajeer-1431	400	2	,	,	PUNCT
ajeer-1431	400	3	a.	a.	PROPN
ajeer-1431	400	4	w.	w.	PROPN
ajeer-1431	400	5	,	,	PUNCT
ajeer-1431	400	6	&	&	CCONJ
ajeer-1431	400	7	head	head	PROPN
ajeer-1431	400	8	,	,	PUNCT
ajeer-1431	400	9	a.	a.	PROPN
ajeer-1431	400	10	c.	c.	PROPN
ajeer-1431	400	11	(	(	PUNCT
ajeer-1431	400	12	1999	1999	NUM
ajeer-1431	400	13	)	)	PUNCT
ajeer-1431	400	14	.	.	PUNCT
ajeer-1431	401	1	common	common	ADJ
ajeer-1431	401	2	and	and	CCONJ
ajeer-1431	401	3	country	country	NOUN
ajeer-1431	401	4	specific	specific	ADJ
ajeer-1431	401	5	fluctuations	fluctuation	NOUN
ajeer-1431	401	6	in	in	ADP
ajeer-1431	401	7	productivity	productivity	NOUN
ajeer-1431	401	8	,	,	PUNCT
ajeer-1431	401	9	investment	investment	NOUN
ajeer-1431	401	10	and	and	CCONJ
ajeer-1431	401	11	the	the	DET
ajeer-1431	401	12	current	current	ADJ
ajeer-1431	401	13	account	account	NOUN
ajeer-1431	401	14	.	.	PUNCT
ajeer-1431	402	1	journal	journal	NOUN
ajeer-1431	402	2	of	of	ADP
ajeer-1431	402	3	monetary	monetary	ADJ
ajeer-1431	402	4	economics	economic	NOUN
ajeer-1431	402	5	,	,	PUNCT
ajeer-1431	402	6	44(3	44(3	NOUN
ajeer-1431	402	7	)	)	PUNCT
ajeer-1431	402	8	,	,	PUNCT
ajeer-1431	402	9	423	423	NUM
ajeer-1431	402	10	-	-	SYM
ajeer-1431	402	11	451	451	NUM
ajeer-1431	402	12	.	.	PUNCT
ajeer-1431	402	13	available	available	ADJ
ajeer-1431	402	14	at	at	ADP
ajeer-1431	402	15	:	:	PUNCT
ajeer-1431	402	16	https://doi.org/10.1016/s0304-3932(99)00035-5	https://doi.org/10.1016/s0304-3932(99)00035-5	NOUN
ajeer-1431	402	17	.	.	PUNCT
ajeer-1431	403	1	gross	gross	PROPN
ajeer-1431	403	2	,	,	PUNCT
ajeer-1431	403	3	d.	d.	PROPN
ajeer-1431	403	4	(	(	PUNCT
ajeer-1431	403	5	2001	2001	NUM
ajeer-1431	403	6	)	)	PUNCT
ajeer-1431	403	7	.	.	PUNCT
ajeer-1431	404	1	country	country	NOUN
ajeer-1431	404	2	-	-	PUNCT
ajeer-1431	404	3	specific	specific	ADJ
ajeer-1431	404	4	and	and	CCONJ
ajeer-1431	404	5	global	global	ADJ
ajeer-1431	404	6	shocks	shock	NOUN
ajeer-1431	404	7	in	in	ADP
ajeer-1431	404	8	business	business	NOUN
ajeer-1431	404	9	cycles	cycle	NOUN
ajeer-1431	404	10	.	.	PUNCT
ajeer-1431	405	1	center	center	NOUN
ajeer-1431	405	2	for	for	ADP
ajeer-1431	405	3	financial	financial	ADJ
ajeer-1431	405	4	studies	study	NOUN
ajeer-1431	405	5	,	,	PUNCT
ajeer-1431	405	6	germany	germany	PROPN
ajeer-1431	405	7	,	,	PUNCT
ajeer-1431	405	8	working	work	VERB
ajeer-1431	405	9	paper	paper	NOUN
ajeer-1431	405	10	n	n	CCONJ
ajeer-1431	405	11	°	°	NOUN
ajeer-1431	405	12	2001/11	2001/11	NUM
ajeer-1431	405	13	.	.	PUNCT
ajeer-1431	406	1	hoffmann	hoffmann	PROPN
ajeer-1431	406	2	,	,	PUNCT
ajeer-1431	406	3	m.	m.	NOUN
ajeer-1431	406	4	(	(	PUNCT
ajeer-1431	406	5	2013	2013	NUM
ajeer-1431	406	6	)	)	PUNCT
ajeer-1431	406	7	.	.	PUNCT
ajeer-1431	407	1	what	what	PRON
ajeer-1431	407	2	drives	drive	VERB
ajeer-1431	407	3	china	china	PROPN
ajeer-1431	407	4	's	's	PART
ajeer-1431	407	5	current	current	ADJ
ajeer-1431	407	6	account	account	NOUN
ajeer-1431	407	7	?	?	PUNCT
ajeer-1431	408	1	journal	journal	NOUN
ajeer-1431	408	2	of	of	ADP
ajeer-1431	408	3	international	international	ADJ
ajeer-1431	408	4	money	money	NOUN
ajeer-1431	408	5	and	and	CCONJ
ajeer-1431	408	6	finance	finance	NOUN
ajeer-1431	408	7	,	,	PUNCT
ajeer-1431	408	8	32	32	NUM
ajeer-1431	408	9	,	,	PUNCT
ajeer-1431	408	10	856	856	NUM
ajeer-1431	408	11	-	-	SYM
ajeer-1431	408	12	883	883	NUM
ajeer-1431	408	13	.	.	PUNCT
ajeer-1431	408	14	available	available	ADJ
ajeer-1431	408	15	at	at	ADP
ajeer-1431	408	16	:	:	PUNCT
ajeer-1431	408	17	ttps://doi.org/10.1016/j.jimonfin.2012.07.005	ttps://doi.org/10.1016/j.jimonfin.2012.07.005	NUM
ajeer-1431	408	18	.	.	PUNCT
ajeer-1431	409	1	international	international	ADJ
ajeer-1431	409	2	monetary	monetary	ADJ
ajeer-1431	409	3	fund	fund	NOUN
ajeer-1431	409	4	.	.	PUNCT
ajeer-1431	410	1	(	(	PUNCT
ajeer-1431	410	2	2018	2018	NUM
ajeer-1431	410	3	)	)	PUNCT
ajeer-1431	410	4	.	.	PUNCT
ajeer-1431	411	1	n	n	CCONJ
ajeer-1431	411	2	°	°	PROPN
ajeer-1431	411	3	2018/106	2018/106	NUM
ajeer-1431	411	4	.	.	PUNCT
ajeer-1431	412	1	kano	kano	PROPN
ajeer-1431	412	2	,	,	PUNCT
ajeer-1431	412	3	t.	t.	PROPN
ajeer-1431	412	4	(	(	PUNCT
ajeer-1431	412	5	2003	2003	NUM
ajeer-1431	412	6	)	)	PUNCT
ajeer-1431	412	7	.	.	PUNCT
ajeer-1431	413	1	a	a	DET
ajeer-1431	413	2	structural	structural	ADJ
ajeer-1431	413	3	var	var	NOUN
ajeer-1431	413	4	approach	approach	NOUN
ajeer-1431	413	5	to	to	ADP
ajeer-1431	413	6	the	the	DET
ajeer-1431	413	7	intertemporal	intertemporal	ADJ
ajeer-1431	413	8	model	model	NOUN
ajeer-1431	413	9	of	of	ADP
ajeer-1431	413	10	the	the	DET
ajeer-1431	413	11	current	current	ADJ
ajeer-1431	413	12	account	account	NOUN
ajeer-1431	413	13	.	.	PUNCT
ajeer-1431	414	1	bank	bank	PROPN
ajeer-1431	414	2	of	of	ADP
ajeer-1431	414	3	canada	canada	PROPN
ajeer-1431	414	4	,	,	PUNCT
ajeer-1431	414	5	working	work	VERB
ajeer-1431	414	6	paper	paper	NOUN
ajeer-1431	414	7	2003	2003	NUM
ajeer-1431	414	8	-	-	SYM
ajeer-1431	414	9	42	42	NUM
ajeer-1431	414	10	.	.	PUNCT
ajeer-1431	415	1	karadimitropoulou	karadimitropoulou	ADJ
ajeer-1431	415	2	,	,	PUNCT
ajeer-1431	415	3	a.	a.	PROPN
ajeer-1431	415	4	,	,	PUNCT
ajeer-1431	415	5	&	&	CCONJ
ajeer-1431	415	6	ledesma	ledesma	PROPN
ajeer-1431	415	7	,	,	PUNCT
ajeer-1431	415	8	l.	l.	PROPN
ajeer-1431	415	9	m.	m.	PROPN
ajeer-1431	415	10	a.	a.	PROPN
ajeer-1431	415	11	(	(	PUNCT
ajeer-1431	415	12	2014	2014	NUM
ajeer-1431	415	13	)	)	PUNCT
ajeer-1431	415	14	.	.	PUNCT
ajeer-1431	416	1	what	what	PRON
ajeer-1431	416	2	are	be	AUX
ajeer-1431	416	3	the	the	DET
ajeer-1431	416	4	sources	source	NOUN
ajeer-1431	416	5	of	of	ADP
ajeer-1431	416	6	current	current	ADJ
ajeer-1431	416	7	accounts	account	NOUN
ajeer-1431	416	8	fluctuations	fluctuation	NOUN
ajeer-1431	416	9	in	in	ADP
ajeer-1431	416	10	the	the	DET
ajeer-1431	416	11	g6	g6	ADJ
ajeer-1431	416	12	countries	country	NOUN
ajeer-1431	416	13	?	?	PUNCT
ajeer-1431	417	1	retrieved	retrieve	VERB
ajeer-1431	417	2	from	from	ADP
ajeer-1431	417	3	http://www.researchgate.net/publication/26041281	http://www.researchgate.net/publication/26041281	NOUN
ajeer-1431	417	4	.	.	PUNCT
ajeer-1431	418	1	kuo	kuo	PROPN
ajeer-1431	418	2	,	,	PUNCT
ajeer-1431	418	3	c.-y	c.-y	NOUN
ajeer-1431	418	4	.	.	PUNCT
ajeer-1431	419	1	(	(	PUNCT
ajeer-1431	419	2	2015	2015	NUM
ajeer-1431	419	3	)	)	PUNCT
ajeer-1431	419	4	.	.	PUNCT
ajeer-1431	420	1	is	be	AUX
ajeer-1431	420	2	an	an	DET
ajeer-1431	420	3	intertemporal	intertemporal	ADJ
ajeer-1431	420	4	model	model	NOUN
ajeer-1431	420	5	of	of	ADP
ajeer-1431	420	6	the	the	DET
ajeer-1431	420	7	current	current	ADJ
ajeer-1431	420	8	account	account	NOUN
ajeer-1431	420	9	valid	valid	ADJ
ajeer-1431	420	10	for	for	ADP
ajeer-1431	420	11	east	east	ADJ
ajeer-1431	420	12	asian	asian	ADJ
ajeer-1431	420	13	countries	country	NOUN
ajeer-1431	420	14	?	?	PUNCT
ajeer-1431	421	1	evidence	evidence	NOUN
ajeer-1431	421	2	from	from	ADP
ajeer-1431	421	3	structural	structural	ADJ
ajeer-1431	421	4	var	var	NOUN
ajeer-1431	421	5	.	.	PUNCT
ajeer-1431	422	1	journal	journal	PROPN
ajeer-1431	422	2	of	of	ADP
ajeer-1431	422	3	business	business	NOUN
ajeer-1431	422	4	economics	economic	NOUN
ajeer-1431	422	5	and	and	CCONJ
ajeer-1431	422	6	management	management	NOUN
ajeer-1431	422	7	,	,	PUNCT
ajeer-1431	422	8	16(6	16(6	NUM
ajeer-1431	422	9	)	)	PUNCT
ajeer-1431	422	10	,	,	PUNCT
ajeer-1431	422	11	1085	1085	NUM
ajeer-1431	422	12	-	-	SYM
ajeer-1431	422	13	1108	1108	NUM
ajeer-1431	422	14	.	.	PUNCT
ajeer-1431	423	1	available	available	ADJ
ajeer-1431	423	2	at	at	ADP
ajeer-1431	423	3	:	:	PUNCT
ajeer-1431	423	4	https://doi.org/10.3846/16111699.2014.964304	https://doi.org/10.3846/16111699.2014.964304	PROPN
ajeer-1431	423	5	.	.	PUNCT
ajeer-1431	424	1	nubukpo	nubukpo	PROPN
ajeer-1431	424	2	,	,	PUNCT
ajeer-1431	424	3	k.	k.	PROPN
ajeer-1431	424	4	(	(	PUNCT
ajeer-1431	424	5	2013	2013	NUM
ajeer-1431	424	6	)	)	PUNCT
ajeer-1431	424	7	.	.	PUNCT
ajeer-1431	425	1	fifty	fifty	NUM
ajeer-1431	425	2	west	west	ADJ
ajeer-1431	425	3	african	african	ADJ
ajeer-1431	425	4	monetary	monetary	ADJ
ajeer-1431	425	5	union	union	PROPN
ajeer-1431	425	6	:	:	PUNCT
ajeer-1431	425	7	what	what	PRON
ajeer-1431	425	8	have	have	AUX
ajeer-1431	425	9	we	we	PRON
ajeer-1431	425	10	learned	learn	VERB
ajeer-1431	425	11	?	?	PUNCT
ajeer-1431	426	1	financial	financial	ADJ
ajeer-1431	426	2	economy	economy	NOUN
ajeer-1431	426	3	review	review	NOUN
ajeer-1431	426	4	,	,	PUNCT
ajeer-1431	426	5	2013/2	2013/2	NUM
ajeer-1431	426	6	(	(	PUNCT
ajeer-1431	426	7	no	no	DET
ajeer-1431	426	8	110	110	NUM
ajeer-1431	426	9	)	)	PUNCT
ajeer-1431	426	10	,	,	PUNCT
ajeer-1431	426	11	145	145	NUM
ajeer-1431	426	12	-	-	SYM
ajeer-1431	426	13	164	164	NUM
ajeer-1431	426	14	.	.	PUNCT
ajeer-1431	427	1	obstfeld	obstfeld	VERB
ajeer-1431	427	2	,	,	PUNCT
ajeer-1431	427	3	m.	m.	NOUN
ajeer-1431	427	4	(	(	PUNCT
ajeer-1431	427	5	1982	1982	NUM
ajeer-1431	427	6	)	)	PUNCT
ajeer-1431	427	7	.	.	PUNCT
ajeer-1431	428	1	aggregate	aggregate	ADJ
ajeer-1431	428	2	spending	spending	NOUN
ajeer-1431	428	3	and	and	CCONJ
ajeer-1431	428	4	the	the	DET
ajeer-1431	428	5	terms	term	NOUN
ajeer-1431	428	6	of	of	ADP
ajeer-1431	428	7	trade	trade	NOUN
ajeer-1431	428	8	:	:	PUNCT
ajeer-1431	428	9	is	be	AUX
ajeer-1431	428	10	there	there	PRON
ajeer-1431	428	11	a	a	DET
ajeer-1431	428	12	laursen	laursen	PROPN
ajeer-1431	428	13	-	-	PUNCT
ajeer-1431	428	14	metzler	metzler	NOUN
ajeer-1431	428	15	effect	effect	NOUN
ajeer-1431	428	16	?	?	PUNCT
ajeer-1431	429	1	nber	nber	PROPN
ajeer-1431	429	2	working	working	PROPN
ajeer-1431	429	3	paper	paper	PROPN
ajeer-1431	429	4	series	series	NOUN
ajeer-1431	429	5	,	,	PUNCT
ajeer-1431	429	6	wp	wp	PROPN
ajeer-1431	429	7	n	n	CCONJ
ajeer-1431	429	8	°	°	ADP
ajeer-1431	429	9	686	686	NUM
ajeer-1431	429	10	.	.	PUNCT
ajeer-1431	430	1	obstfeld	obstfeld	VERB
ajeer-1431	430	2	,	,	PUNCT
ajeer-1431	430	3	m.	m.	NOUN
ajeer-1431	430	4	,	,	PUNCT
ajeer-1431	430	5	&	&	CCONJ
ajeer-1431	430	6	rogoff	rogoff	PROPN
ajeer-1431	430	7	,	,	PUNCT
ajeer-1431	430	8	k.	k.	PROPN
ajeer-1431	430	9	(	(	PUNCT
ajeer-1431	430	10	1994	1994	NUM
ajeer-1431	430	11	)	)	PUNCT
ajeer-1431	430	12	.	.	PUNCT
ajeer-1431	431	1	the	the	DET
ajeer-1431	431	2	intertemporal	intertemporal	ADJ
ajeer-1431	431	3	approach	approach	NOUN
ajeer-1431	431	4	to	to	ADP
ajeer-1431	431	5	the	the	DET
ajeer-1431	431	6	current	current	ADJ
ajeer-1431	431	7	account	account	NOUN
ajeer-1431	431	8	.	.	PUNCT
ajeer-1431	432	1	nber	nber	PROPN
ajeer-1431	432	2	working	working	PROPN
ajeer-1431	432	3	paper	paper	PROPN
ajeer-1431	432	4	series	series	NOUN
ajeer-1431	432	5	,	,	PUNCT
ajeer-1431	432	6	wp	wp	PROPN
ajeer-1431	432	7	n	n	CCONJ
ajeer-1431	432	8	°	°	PROPN
ajeer-1431	432	9	4893	4893	NUM
ajeer-1431	432	10	.	.	PUNCT
ajeer-1431	433	1	obstfeld	obstfeld	VERB
ajeer-1431	433	2	,	,	PUNCT
ajeer-1431	433	3	m.	m.	NOUN
ajeer-1431	433	4	,	,	PUNCT
ajeer-1431	433	5	&	&	CCONJ
ajeer-1431	433	6	rogoff	rogoff	PROPN
ajeer-1431	433	7	,	,	PUNCT
ajeer-1431	433	8	k.	k.	PROPN
ajeer-1431	433	9	(	(	PUNCT
ajeer-1431	433	10	1995	1995	NUM
ajeer-1431	433	11	)	)	PUNCT
ajeer-1431	433	12	.	.	PUNCT
ajeer-1431	434	1	exchange	exchange	NOUN
ajeer-1431	434	2	rate	rate	NOUN
ajeer-1431	434	3	dynamics	dynamic	NOUN
ajeer-1431	434	4	redux	redux	PROPN
ajeer-1431	434	5	.	.	PUNCT
ajeer-1431	435	1	nber	nber	PROPN
ajeer-1431	435	2	working	working	PROPN
ajeer-1431	435	3	paper	paper	PROPN
ajeer-1431	435	4	series	series	NOUN
ajeer-1431	435	5	,	,	PUNCT
ajeer-1431	435	6	wp	wp	PROPN
ajeer-1431	435	7	n	n	CCONJ
ajeer-1431	435	8	°	°	PROPN
ajeer-1431	435	9	4693	4693	NUM
ajeer-1431	435	10	.	.	PUNCT
ajeer-1431	436	1	otto	otto	PROPN
ajeer-1431	436	2	,	,	PUNCT
ajeer-1431	436	3	g.	g.	PROPN
ajeer-1431	436	4	(	(	PUNCT
ajeer-1431	436	5	1992	1992	NUM
ajeer-1431	436	6	)	)	PUNCT
ajeer-1431	436	7	.	.	PUNCT
ajeer-1431	437	1	testing	test	VERB
ajeer-1431	437	2	a	a	DET
ajeer-1431	437	3	present	present	ADJ
ajeer-1431	437	4	-	-	PUNCT
ajeer-1431	437	5	value	value	NOUN
ajeer-1431	437	6	model	model	NOUN
ajeer-1431	437	7	of	of	ADP
ajeer-1431	437	8	the	the	DET
ajeer-1431	437	9	current	current	ADJ
ajeer-1431	437	10	account	account	NOUN
ajeer-1431	437	11	:	:	PUNCT
ajeer-1431	437	12	evidence	evidence	NOUN
ajeer-1431	437	13	from	from	ADP
ajeer-1431	437	14	us	we	PRON
ajeer-1431	437	15	and	and	CCONJ
ajeer-1431	437	16	canadian	canadian	ADJ
ajeer-1431	437	17	time	time	NOUN
ajeer-1431	437	18	series	series	PROPN
ajeer-1431	437	19	.	.	PUNCT
ajeer-1431	438	1	journal	journal	PROPN
ajeer-1431	438	2	of	of	ADP
ajeer-1431	438	3	international	international	ADJ
ajeer-1431	438	4	money	money	NOUN
ajeer-1431	438	5	and	and	CCONJ
ajeer-1431	438	6	finance	finance	NOUN
ajeer-1431	438	7	,	,	PUNCT
ajeer-1431	438	8	11(5	11(5	NUM
ajeer-1431	438	9	)	)	PUNCT
ajeer-1431	438	10	,	,	PUNCT
ajeer-1431	438	11	414	414	NUM
ajeer-1431	438	12	-	-	SYM
ajeer-1431	438	13	430	430	NUM
ajeer-1431	438	14	.	.	PUNCT
ajeer-1431	438	15	available	available	ADJ
ajeer-1431	438	16	at	at	ADP
ajeer-1431	438	17	:	:	PUNCT
ajeer-1431	438	18	https://doi.org/10.1016/0261-5606(92)90009-m	https://doi.org/10.1016/0261-5606(92)90009-m	PROPN
ajeer-1431	438	19	.	.	PUNCT
ajeer-1431	439	1	plane	plane	NOUN
ajeer-1431	439	2	,	,	PUNCT
ajeer-1431	439	3	p.	p.	NOUN
ajeer-1431	439	4	(	(	PUNCT
ajeer-1431	439	5	1988	1988	NUM
ajeer-1431	439	6	)	)	PUNCT
ajeer-1431	439	7	.	.	PUNCT
ajeer-1431	440	1	the	the	DET
ajeer-1431	440	2	factors	factor	NOUN
ajeer-1431	440	3	of	of	ADP
ajeer-1431	440	4	imbalances	imbalance	NOUN
ajeer-1431	440	5	in	in	ADP
ajeer-1431	440	6	current	current	ADJ
ajeer-1431	440	7	payments	payment	NOUN
ajeer-1431	440	8	in	in	ADP
ajeer-1431	440	9	the	the	DET
ajeer-1431	440	10	west	west	ADJ
ajeer-1431	440	11	african	african	PROPN
ajeer-1431	440	12	monetary	monetary	PROPN
ajeer-1431	440	13	union	union	PROPN
ajeer-1431	440	14	(	(	PUNCT
ajeer-1431	440	15	1970	1970	NUM
ajeer-1431	440	16	-	-	SYM
ajeer-1431	440	17	1983	1983	NUM
ajeer-1431	440	18	)	)	PUNCT
ajeer-1431	440	19	.	.	PUNCT
ajeer-1431	441	1	journal	journal	NOUN
ajeer-1431	441	2	of	of	ADP
ajeer-1431	441	3	political	political	ADJ
ajeer-1431	441	4	economy	economy	NOUN
ajeer-1431	441	5	,	,	PUNCT
ajeer-1431	441	6	98(1	98(1	NOUN
ajeer-1431	441	7	)	)	PUNCT
ajeer-1431	441	8	,	,	PUNCT
ajeer-1431	441	9	111	111	NUM
ajeer-1431	441	10	-	-	SYM
ajeer-1431	441	11	126	126	NUM
ajeer-1431	441	12	.	.	PUNCT
ajeer-1431	442	1	razin	razin	NOUN
ajeer-1431	442	2	,	,	PUNCT
ajeer-1431	442	3	a.	a.	NOUN
ajeer-1431	442	4	(	(	PUNCT
ajeer-1431	442	5	1993	1993	NUM
ajeer-1431	442	6	)	)	PUNCT
ajeer-1431	442	7	.	.	PUNCT
ajeer-1431	443	1	the	the	DET
ajeer-1431	443	2	dynamic	dynamic	ADJ
ajeer-1431	443	3	-	-	PUNCT
ajeer-1431	443	4	optimizing	optimize	VERB
ajeer-1431	443	5	approach	approach	NOUN
ajeer-1431	443	6	to	to	ADP
ajeer-1431	443	7	the	the	DET
ajeer-1431	443	8	current	current	ADJ
ajeer-1431	443	9	account	account	NOUN
ajeer-1431	443	10	:	:	PUNCT
ajeer-1431	443	11	theory	theory	NOUN
ajeer-1431	443	12	and	and	CCONJ
ajeer-1431	443	13	evidence	evidence	NOUN
ajeer-1431	443	14	.	.	PUNCT
ajeer-1431	444	1	nber	nber	PROPN
ajeer-1431	444	2	working	working	PROPN
ajeer-1431	444	3	paper	paper	PROPN
ajeer-1431	444	4	series	series	NOUN
ajeer-1431	444	5	,	,	PUNCT
ajeer-1431	444	6	wp	wp	PROPN
ajeer-1431	444	7	n	n	CCONJ
ajeer-1431	444	8	°	°	PROPN
ajeer-1431	444	9	4334	4334	NUM
ajeer-1431	444	10	.	.	PUNCT
ajeer-1431	445	1	sachs	sachs	PROPN
ajeer-1431	445	2	,	,	PUNCT
ajeer-1431	445	3	j.	j.	PROPN
ajeer-1431	445	4	(	(	PUNCT
ajeer-1431	445	5	1981	1981	NUM
ajeer-1431	445	6	)	)	PUNCT
ajeer-1431	445	7	.	.	PUNCT
ajeer-1431	446	1	the	the	DET
ajeer-1431	446	2	current	current	ADJ
ajeer-1431	446	3	account	account	NOUN
ajeer-1431	446	4	in	in	ADP
ajeer-1431	446	5	the	the	DET
ajeer-1431	446	6	macroeconomic	macroeconomic	ADJ
ajeer-1431	446	7	adjustment	adjustment	NOUN
ajeer-1431	446	8	process	process	NOUN
ajeer-1431	446	9	.	.	PUNCT
ajeer-1431	447	1	scandinavian	scandinavian	ADJ
ajeer-1431	447	2	journal	journal	PROPN
ajeer-1431	447	3	of	of	ADP
ajeer-1431	447	4	economics	economic	NOUN
ajeer-1431	447	5	,	,	PUNCT
ajeer-1431	447	6	84(2	84(2	NUM
ajeer-1431	447	7	)	)	PUNCT
ajeer-1431	447	8	,	,	PUNCT
ajeer-1431	447	9	47	47	NUM
ajeer-1431	447	10	-	-	SYM
ajeer-1431	447	11	59	59	NUM
ajeer-1431	447	12	.	.	PUNCT
ajeer-1431	448	1	shibata	shibata	PROPN
ajeer-1431	448	2	,	,	PUNCT
ajeer-1431	448	3	a.	a.	NOUN
ajeer-1431	448	4	(	(	PUNCT
ajeer-1431	448	5	2018	2018	NUM
ajeer-1431	448	6	)	)	PUNCT
ajeer-1431	448	7	.	.	PUNCT
ajeer-1431	449	1	current	current	ADJ
ajeer-1431	449	2	account	account	NOUN
ajeer-1431	449	3	dynamics	dynamic	NOUN
ajeer-1431	449	4	under	under	ADP
ajeer-1431	449	5	information	information	NOUN
ajeer-1431	449	6	rigidity	rigidity	NOUN
ajeer-1431	449	7	and	and	CCONJ
ajeer-1431	449	8	imperfect	imperfect	ADJ
ajeer-1431	449	9	capital	capital	NOUN
ajeer-1431	449	10	mobility	mobility	NOUN
ajeer-1431	449	11	.	.	PUNCT
ajeer-1431	450	1	esri	esri	ADJ
ajeer-1431	450	2	discussion	discussion	NOUN
ajeer-1431	450	3	papers	paper	NOUN
ajeer-1431	450	4	series	series	PROPN
ajeer-1431	450	5	n	n	CCONJ
ajeer-1431	450	6	°	°	PROPN
ajeer-1431	450	7	344	344	NUM
ajeer-1431	450	8	.	.	PUNCT
ajeer-1431	451	1	sims	sim	NOUN
ajeer-1431	451	2	,	,	PUNCT
ajeer-1431	451	3	c.	c.	PROPN
ajeer-1431	451	4	a.	a.	NOUN
ajeer-1431	451	5	(	(	PUNCT
ajeer-1431	451	6	1982	1982	NUM
ajeer-1431	451	7	)	)	PUNCT
ajeer-1431	451	8	.	.	PUNCT
ajeer-1431	452	1	policy	policy	NOUN
ajeer-1431	452	2	analysis	analysis	NOUN
ajeer-1431	452	3	with	with	ADP
ajeer-1431	452	4	econometric	econometric	ADJ
ajeer-1431	452	5	models	model	NOUN
ajeer-1431	452	6	.	.	PUNCT
ajeer-1431	453	1	brookings	brookings	PROPN
ajeer-1431	453	2	papers	paper	NOUN
ajeer-1431	453	3	on	on	ADP
ajeer-1431	453	4	economic	economic	ADJ
ajeer-1431	453	5	activity	activity	NOUN
ajeer-1431	453	6	,	,	PUNCT
ajeer-1431	453	7	13(1	13(1	NUM
ajeer-1431	453	8	)	)	PUNCT
ajeer-1431	453	9	,	,	PUNCT
ajeer-1431	453	10	107	107	NUM
ajeer-1431	453	11	-	-	SYM
ajeer-1431	453	12	164	164	NUM
ajeer-1431	453	13	.	.	PUNCT
ajeer-1431	454	1	svensson	svensson	PROPN
ajeer-1431	454	2	,	,	PUNCT
ajeer-1431	454	3	l.	l.	PROPN
ajeer-1431	454	4	e.	e.	PROPN
ajeer-1431	454	5	,	,	PUNCT
ajeer-1431	454	6	&	&	CCONJ
ajeer-1431	454	7	razin	razin	PROPN
ajeer-1431	454	8	,	,	PUNCT
ajeer-1431	454	9	a.	a.	NOUN
ajeer-1431	454	10	(	(	PUNCT
ajeer-1431	454	11	1983	1983	NUM
ajeer-1431	454	12	)	)	PUNCT
ajeer-1431	454	13	.	.	PUNCT
ajeer-1431	455	1	the	the	DET
ajeer-1431	455	2	terms	term	NOUN
ajeer-1431	455	3	of	of	ADP
ajeer-1431	455	4	trade	trade	NOUN
ajeer-1431	455	5	and	and	CCONJ
ajeer-1431	455	6	the	the	DET
ajeer-1431	455	7	current	current	ADJ
ajeer-1431	455	8	account	account	NOUN
ajeer-1431	455	9	:	:	PUNCT
ajeer-1431	455	10	the	the	DET
ajeer-1431	455	11	harberger	harberger	NOUN
ajeer-1431	455	12	-	-	PUNCT
ajeer-1431	455	13	laursen	laursen	VERB
ajeer-1431	455	14	-	-	PUNCT
ajeer-1431	455	15	metzler	metzler	NOUN
ajeer-1431	455	16	effect	effect	NOUN
ajeer-1431	455	17	.	.	PUNCT
ajeer-1431	456	1	journal	journal	NOUN
ajeer-1431	456	2	of	of	ADP
ajeer-1431	456	3	political	political	ADJ
ajeer-1431	456	4	economy	economy	NOUN
ajeer-1431	456	5	,	,	PUNCT
ajeer-1431	456	6	91(1	91(1	NUM
ajeer-1431	456	7	)	)	PUNCT
ajeer-1431	456	8	,	,	PUNCT
ajeer-1431	456	9	97	97	NUM
ajeer-1431	456	10	-	-	SYM
ajeer-1431	456	11	125	125	NUM
ajeer-1431	456	12	.	.	PUNCT
ajeer-1431	456	13	available	available	ADJ
ajeer-1431	456	14	at	at	ADP
ajeer-1431	456	15	:	:	PUNCT
ajeer-1431	456	16	https://doi.org/10.1086/261130	https://doi.org/10.1086/261130	X
ajeer-1431	456	17	.	.	PUNCT
ajeer-1431	457	1	appendix	appendix	VERB
ajeer-1431	457	2	construction	construction	NOUN
ajeer-1431	457	3	of	of	ADP
ajeer-1431	457	4	the	the	DET
ajeer-1431	457	5	variables	variable	NOUN
ajeer-1431	457	6	:	:	PUNCT
ajeer-1431	457	7	the	the	DET
ajeer-1431	457	8	data	datum	NOUN
ajeer-1431	457	9	used	use	VERB
ajeer-1431	457	10	in	in	ADP
ajeer-1431	457	11	this	this	DET
ajeer-1431	457	12	study	study	NOUN
ajeer-1431	457	13	come	come	VERB
ajeer-1431	457	14	from	from	ADP
ajeer-1431	457	15	the	the	DET
ajeer-1431	457	16	national	national	ADJ
ajeer-1431	457	17	accounts	account	NOUN
ajeer-1431	457	18	of	of	ADP
ajeer-1431	457	19	the	the	DET
ajeer-1431	457	20	various	various	ADJ
ajeer-1431	457	21	countries	country	NOUN
ajeer-1431	457	22	with	with	ADP
ajeer-1431	457	23	respect	respect	NOUN
ajeer-1431	457	24	to	to	ADP
ajeer-1431	457	25	internal	internal	ADJ
ajeer-1431	457	26	variables	variable	NOUN
ajeer-1431	457	27	and	and	CCONJ
ajeer-1431	457	28	imf	imf	PROPN
ajeer-1431	457	29	international	international	ADJ
ajeer-1431	457	30	financial	financial	ADJ
ajeer-1431	457	31	statistics	statistic	NOUN
ajeer-1431	457	32	(	(	PUNCT
ajeer-1431	457	33	ifs	ifs	PROPN
ajeer-1431	457	34	)	)	PUNCT
ajeer-1431	457	35	for	for	ADP
ajeer-1431	457	36	the	the	DET
ajeer-1431	457	37	global	global	ADJ
ajeer-1431	457	38	interest	interest	NOUN
ajeer-1431	457	39	rate	rate	NOUN
ajeer-1431	457	40	.	.	PUNCT
ajeer-1431	458	1	they	they	PRON
ajeer-1431	458	2	have	have	AUX
ajeer-1431	458	3	been	be	AUX
ajeer-1431	458	4	converted	convert	VERB
ajeer-1431	458	5	to	to	ADP
ajeer-1431	458	6	quarterly	quarterly	ADJ
ajeer-1431	458	7	frequency	frequency	NOUN
ajeer-1431	458	8	from	from	ADP
ajeer-1431	458	9	annual	annual	ADJ
ajeer-1431	458	10	data	datum	NOUN
ajeer-1431	458	11	.	.	PUNCT
ajeer-1431	459	1	the	the	DET
ajeer-1431	459	2	international	international	ADJ
ajeer-1431	459	3	interest	interest	NOUN
ajeer-1431	459	4	rate	rate	NOUN
ajeer-1431	459	5	was	be	AUX
ajeer-1431	459	6	constructed	construct	VERB
ajeer-1431	459	7	using	use	VERB
ajeer-1431	459	8	fisher	fisher	PROPN
ajeer-1431	459	9	's	's	PART
ajeer-1431	459	10	formula	formula	NOUN
ajeer-1431	459	11	.	.	PUNCT
ajeer-1431	460	1	in	in	ADP
ajeer-1431	460	2	other	other	ADJ
ajeer-1431	460	3	words	word	NOUN
ajeer-1431	460	4	,	,	PUNCT
ajeer-1431	460	5	we	we	PRON
ajeer-1431	460	6	have	have	AUX
ajeer-1431	460	7	calculated	calculate	VERB
ajeer-1431	460	8	the	the	DET
ajeer-1431	460	9	real	real	ADJ
ajeer-1431	460	10	international	international	ADJ
ajeer-1431	460	11	interest	interest	NOUN
ajeer-1431	460	12	rate	rate	NOUN
ajeer-1431	460	13	by	by	ADP
ajeer-1431	460	14	subtracting	subtract	VERB
ajeer-1431	460	15	the	the	DET
ajeer-1431	460	16	current	current	ADJ
ajeer-1431	460	17	year	year	NOUN
ajeer-1431	460	18	's	's	PART
ajeer-1431	460	19	inflation	inflation	NOUN
ajeer-1431	460	20	rate	rate	NOUN
ajeer-1431	460	21	from	from	ADP
ajeer-1431	460	22	the	the	DET
ajeer-1431	460	23	nominal	nominal	ADJ
ajeer-1431	460	24	interest	interest	NOUN
ajeer-1431	460	25	rate	rate	NOUN
ajeer-1431	460	26	of	of	ADP
ajeer-1431	460	27	the	the	DET
ajeer-1431	460	28	us	us	PROPN
ajeer-1431	460	29	treasury	treasury	NOUN
ajeer-1431	460	30	in	in	ADP
ajeer-1431	460	31	the	the	DET
ajeer-1431	460	32	short	short	ADJ
ajeer-1431	460	33	term	term	NOUN
ajeer-1431	460	34	.	.	PUNCT
ajeer-1431	461	1	the	the	DET
ajeer-1431	461	2	calculation	calculation	NOUN
ajeer-1431	461	3	of	of	ADP
ajeer-1431	461	4	the	the	DET
ajeer-1431	461	5	inflation	inflation	NOUN
ajeer-1431	461	6	rate	rate	NOUN
ajeer-1431	461	7	was	be	AUX
ajeer-1431	461	8	done	do	VERB
ajeer-1431	461	9	by	by	ADP
ajeer-1431	461	10	differentiating	differentiate	VERB
ajeer-1431	461	11	between	between	ADP
ajeer-1431	461	12	the	the	DET
ajeer-1431	461	13	price	price	NOUN
ajeer-1431	461	14	index	index	NOUN
ajeer-1431	461	15	of	of	ADP
ajeer-1431	461	16	the	the	DET
ajeer-1431	461	17	current	current	ADJ
ajeer-1431	461	18	year	year	NOUN
ajeer-1431	461	19	and	and	CCONJ
ajeer-1431	461	20	that	that	PRON
ajeer-1431	461	21	of	of	ADP
ajeer-1431	461	22	the	the	DET
ajeer-1431	461	23	previous	previous	ADJ
ajeer-1431	461	24	year	year	NOUN
ajeer-1431	461	25	.	.	PUNCT
ajeer-1431	462	1	or	or	CCONJ
ajeer-1431	462	2	formally	formally	ADV
ajeer-1431	462	3	:	:	PUNCT
ajeer-1431	462	4	.	.	PUNCT
ajeer-1431	463	1	where	where	SCONJ
ajeer-1431	463	2	rt	rt	PROPN
ajeer-1431	463	3	is	be	AUX
ajeer-1431	463	4	the	the	DET
ajeer-1431	463	5	nominal	nominal	ADJ
ajeer-1431	463	6	interest	interest	NOUN
ajeer-1431	463	7	rate	rate	NOUN
ajeer-1431	463	8	of	of	ADP
ajeer-1431	463	9	the	the	DET
ajeer-1431	463	10	us	us	PROPN
ajeer-1431	463	11	treasury	treasury	NOUN
ajeer-1431	463	12	.	.	PUNCT
ajeer-1431	464	1	as	as	ADV
ajeer-1431	464	2	far	far	ADV
ajeer-1431	464	3	as	as	SCONJ
ajeer-1431	464	4	net	net	ADJ
ajeer-1431	464	5	output	output	NOUN
ajeer-1431	464	6	is	be	AUX
ajeer-1431	464	7	concerned	concern	VERB
ajeer-1431	464	8	,	,	PUNCT
ajeer-1431	464	9	it	it	PRON
ajeer-1431	464	10	is	be	AUX
ajeer-1431	464	11	calculated	calculate	VERB
ajeer-1431	464	12	as	as	ADP
ajeer-1431	464	13	the	the	DET
ajeer-1431	464	14	difference	difference	NOUN
ajeer-1431	464	15	between	between	ADP
ajeer-1431	464	16	government	government	NOUN
ajeer-1431	464	17	expenditures	expenditure	NOUN
ajeer-1431	464	18	,	,	PUNCT
ajeer-1431	464	19	which	which	PRON
ajeer-1431	464	20	is	be	AUX
ajeer-1431	464	21	equal	equal	ADJ
ajeer-1431	464	22	to	to	ADP
ajeer-1431	464	23	the	the	DET
ajeer-1431	464	24	sum	sum	NOUN
ajeer-1431	464	25	of	of	ADP
ajeer-1431	464	26	gross	gross	ADJ
ajeer-1431	464	27	fixed	fix	VERB
ajeer-1431	464	28	capital	capital	NOUN
ajeer-1431	464	29	formation	formation	NOUN
ajeer-1431	464	30	and	and	CCONJ
ajeer-1431	464	31	gross	gross	ADJ
ajeer-1431	464	32	domestic	domestic	ADJ
ajeer-1431	464	33	product	product	NOUN
ajeer-1431	464	34	stock	stock	NOUN
ajeer-1431	464	35	changes	change	NOUN
ajeer-1431	464	36	.	.	PUNCT
ajeer-1431	465	1	finally	finally	ADV
ajeer-1431	465	2	,	,	PUNCT
ajeer-1431	465	3	the	the	DET
ajeer-1431	465	4	current	current	ADJ
ajeer-1431	465	5	account	account	NOUN
ajeer-1431	465	6	to	to	ADP
ajeer-1431	465	7	gdp	gdp	NOUN
ajeer-1431	465	8	ratio	ratio	NOUN
ajeer-1431	465	9	was	be	AUX
ajeer-1431	465	10	made	make	VERB
ajeer-1431	465	11	by	by	ADP
ajeer-1431	465	12	comparing	compare	VERB
ajeer-1431	465	13	the	the	DET
ajeer-1431	465	14	current	current	ADJ
ajeer-1431	465	15	account	account	NOUN
ajeer-1431	465	16	of	of	ADP
ajeer-1431	465	17	the	the	DET
ajeer-1431	465	18	balance	balance	NOUN
ajeer-1431	465	19	of	of	ADP
ajeer-1431	465	20	payments	payment	NOUN
ajeer-1431	465	21	to	to	ADP
ajeer-1431	465	22	the	the	DET
ajeer-1431	465	23	nominal	nominal	ADJ
ajeer-1431	465	24	gross	gross	ADJ
ajeer-1431	465	25	domestic	domestic	ADJ
ajeer-1431	465	26	product	product	NOUN
ajeer-1431	465	27	.	.	PUNCT
ajeer-1431	466	1	the	the	DET
ajeer-1431	466	2	different	different	ADJ
ajeer-1431	466	3	sets	set	NOUN
ajeer-1431	466	4	of	of	ADP
ajeer-1431	466	5	internal	internal	ADJ
ajeer-1431	466	6	variables	variable	NOUN
ajeer-1431	466	7	thus	thus	ADV
ajeer-1431	466	8	constructed	construct	VERB
ajeer-1431	466	9	are	be	AUX
ajeer-1431	466	10	divided	divide	VERB
ajeer-1431	466	11	by	by	ADP
ajeer-1431	466	12	the	the	DET
ajeer-1431	466	13	gdp	gdp	NOUN
ajeer-1431	466	14	deflator	deflator	NOUN
ajeer-1431	466	15	to	to	PART
ajeer-1431	466	16	make	make	VERB
ajeer-1431	466	17	them	they	PRON
ajeer-1431	466	18	real	real	ADJ
ajeer-1431	466	19	and	and	CCONJ
ajeer-1431	466	20	then	then	ADV
ajeer-1431	466	21	by	by	ADP
ajeer-1431	466	22	the	the	DET
ajeer-1431	466	23	total	total	ADJ
ajeer-1431	466	24	population	population	NOUN
ajeer-1431	466	25	to	to	PART
ajeer-1431	466	26	conform	conform	VERB
ajeer-1431	466	27	to	to	ADP
ajeer-1431	466	28	the	the	DET
ajeer-1431	466	29	representative	representative	ADJ
ajeer-1431	466	30	agent	agent	NOUN
ajeer-1431	466	31	hypothesis	hypothesis	NOUN
ajeer-1431	466	32	.	.	PUNCT
ajeer-1431	467	1	asian	asian	ADJ
ajeer-1431	467	2	journal	journal	PROPN
ajeer-1431	467	3	of	of	ADP
ajeer-1431	467	4	economics	economic	NOUN
ajeer-1431	467	5	and	and	CCONJ
ajeer-1431	467	6	empirical	empirical	ADJ
ajeer-1431	467	7	research	research	NOUN
ajeer-1431	467	8	,	,	PUNCT
ajeer-1431	467	9	2020	2020	NUM
ajeer-1431	467	10	,	,	PUNCT
ajeer-1431	467	11	7(1	7(1	NUM
ajeer-1431	467	12	):	):	PUNCT
ajeer-1431	467	13	46	46	NUM
ajeer-1431	467	14	-	-	SYM
ajeer-1431	467	15	63	63	NUM
ajeer-1431	467	16	57	57	NUM
ajeer-1431	467	17	©	©	PROPN
ajeer-1431	467	18	2020	2020	NUM
ajeer-1431	467	19	by	by	ADP
ajeer-1431	467	20	the	the	DET
ajeer-1431	467	21	authors	author	NOUN
ajeer-1431	467	22	;	;	PUNCT
ajeer-1431	467	23	licensee	licensee	PROPN
ajeer-1431	467	24	asian	asian	ADJ
ajeer-1431	467	25	online	online	PROPN
ajeer-1431	467	26	journal	journal	PROPN
ajeer-1431	467	27	publishing	publishing	PROPN
ajeer-1431	467	28	group	group	PROPN
ajeer-1431	467	29	table-8	table-8	PROPN
ajeer-1431	467	30	.	.	PUNCT
ajeer-1431	467	31	cointegration	cointegration	NOUN
ajeer-1431	467	32	and	and	CCONJ
ajeer-1431	467	33	unit	unit	NOUN
ajeer-1431	467	34	root	root	NOUN
ajeer-1431	467	35	tests	test	NOUN
ajeer-1431	467	36	.	.	PUNCT
ajeer-1431	468	1	cointegration	cointegration	NOUN
ajeer-1431	468	2	unit	unit	NOUN
ajeer-1431	468	3	root	root	NOUN
ajeer-1431	468	4	1	1	NUM
ajeer-1431	468	5	.	.	PUNCT
ajeer-1431	469	1	benin	benin	PROPN
ajeer-1431	469	2	method	method	PROPN
ajeer-1431	469	3	statistic	statistic	PROPN
ajeer-1431	469	4	prob	prob	NOUN
ajeer-1431	469	5	.	.	PUNCT
ajeer-1431	470	1	*	*	PUNCT
ajeer-1431	470	2	*	*	PUNCT
ajeer-1431	470	3	levin	levin	PROPN
ajeer-1431	470	4	,	,	PUNCT
ajeer-1431	470	5	lin	lin	PROPN
ajeer-1431	470	6	&	&	CCONJ
ajeer-1431	470	7	chu	chu	PROPN
ajeer-1431	470	8	t	t	PROPN
ajeer-1431	470	9	*	*	PROPN
ajeer-1431	470	10	-8.66795	-8.66795	NOUN
ajeer-1431	470	11	0.0000	0.0000	NUM
ajeer-1431	470	12	adf	adf	PROPN
ajeer-1431	470	13	fisher	fisher	PROPN
ajeer-1431	470	14	chi	chi	PROPN
ajeer-1431	470	15	-	-	PUNCT
ajeer-1431	470	16	square	square	ADJ
ajeer-1431	470	17	106.997	106.997	NUM
ajeer-1431	470	18	0.0000	0.0000	NUM
ajeer-1431	470	19	pp	pp	ADP
ajeer-1431	470	20	fisher	fisher	PROPN
ajeer-1431	470	21	chi	chi	PROPN
ajeer-1431	470	22	-	-	PUNCT
ajeer-1431	470	23	square	square	ADJ
ajeer-1431	470	24	36.4052	36.4052	NUM
ajeer-1431	470	25	0.0000	0.0000	NUM
ajeer-1431	470	26	2	2	NUM
ajeer-1431	470	27	.	.	PUNCT
ajeer-1431	471	1	burkina	burkina	PROPN
ajeer-1431	471	2	trace	trace	PROPN
ajeer-1431	471	3	statistic	statistic	NOUN
ajeer-1431	471	4	0.05	0.05	NUM
ajeer-1431	471	5	critical	critical	ADJ
ajeer-1431	471	6	value	value	NOUN
ajeer-1431	471	7	prob	prob	NOUN
ajeer-1431	471	8	.	.	PUNCT
ajeer-1431	472	1	*	*	PUNCT
ajeer-1431	473	1	*	*	NOUN
ajeer-1431	473	2	24.05039	24.05039	NUM
ajeer-1431	473	3	29.79707	29.79707	NUM
ajeer-1431	473	4	0.1983	0.1983	NUM
ajeer-1431	473	5	11.08654	11.08654	NUM
ajeer-1431	473	6	15.49471	15.49471	NUM
ajeer-1431	473	7	0.2062	0.2062	NUM
ajeer-1431	473	8	0.131401	0.131401	NUM
ajeer-1431	473	9	3.841466	3.841466	NUM
ajeer-1431	473	10	0.7170	0.7170	NUM
ajeer-1431	473	11	method	method	PROPN
ajeer-1431	473	12	statistic	statistic	NOUN
ajeer-1431	473	13	prob	prob	NOUN
ajeer-1431	473	14	.	.	PUNCT
ajeer-1431	474	1	*	*	PUNCT
ajeer-1431	474	2	*	*	PUNCT
ajeer-1431	474	3	levin	levin	PROPN
ajeer-1431	474	4	,	,	PUNCT
ajeer-1431	474	5	lin	lin	PROPN
ajeer-1431	474	6	&	&	CCONJ
ajeer-1431	474	7	chu	chu	PROPN
ajeer-1431	474	8	t	t	PROPN
ajeer-1431	474	9	*	*	PROPN
ajeer-1431	474	10	-8.66795	-8.66795	NOUN
ajeer-1431	474	11	0.0000	0.0000	NUM
ajeer-1431	474	12	adf	adf	PROPN
ajeer-1431	474	13	fisher	fisher	PROPN
ajeer-1431	474	14	chi	chi	PROPN
ajeer-1431	474	15	-	-	PUNCT
ajeer-1431	474	16	square	square	ADJ
ajeer-1431	474	17	106.997	106.997	NUM
ajeer-1431	474	18	0.0000	0.0000	NUM
ajeer-1431	474	19	pp	pp	ADP
ajeer-1431	474	20	fisher	fisher	PROPN
ajeer-1431	474	21	chi	chi	PROPN
ajeer-1431	474	22	-	-	PUNCT
ajeer-1431	474	23	square	square	ADJ
ajeer-1431	474	24	36.4052	36.4052	NUM
ajeer-1431	474	25	0.0000	0.0000	NUM
ajeer-1431	474	26	3	3	NUM
ajeer-1431	474	27	.	.	PUNCT
ajeer-1431	474	28	ivoiry	ivoiry	PROPN
ajeer-1431	474	29	coast	coast	PROPN
ajeer-1431	474	30	trace	trace	NOUN
ajeer-1431	474	31	statistic	statistic	NOUN
ajeer-1431	474	32	0.05	0.05	NUM
ajeer-1431	474	33	critical	critical	ADJ
ajeer-1431	474	34	value	value	NOUN
ajeer-1431	474	35	prob	prob	NOUN
ajeer-1431	474	36	.	.	PUNCT
ajeer-1431	475	1	*	*	PUNCT
ajeer-1431	476	1	*	*	NOUN
ajeer-1431	476	2	24.05039	24.05039	NUM
ajeer-1431	476	3	29.79707	29.79707	NUM
ajeer-1431	476	4	0.1983	0.1983	NUM
ajeer-1431	476	5	11.08654	11.08654	NUM
ajeer-1431	476	6	15.49471	15.49471	NUM
ajeer-1431	476	7	0.2062	0.2062	NUM
ajeer-1431	476	8	0.131401	0.131401	NUM
ajeer-1431	476	9	3.841466	3.841466	NUM
ajeer-1431	476	10	0.7170	0.7170	NUM
ajeer-1431	476	11	method	method	PROPN
ajeer-1431	476	12	statistic	statistic	NOUN
ajeer-1431	476	13	prob	prob	NOUN
ajeer-1431	476	14	.	.	PUNCT
ajeer-1431	477	1	*	*	PUNCT
ajeer-1431	477	2	*	*	PUNCT
ajeer-1431	477	3	levin	levin	PROPN
ajeer-1431	477	4	,	,	PUNCT
ajeer-1431	477	5	lin	lin	PROPN
ajeer-1431	477	6	&	&	CCONJ
ajeer-1431	477	7	chu	chu	PROPN
ajeer-1431	477	8	t	t	PROPN
ajeer-1431	477	9	*	*	PROPN
ajeer-1431	477	10	-7.86340	-7.86340	PROPN
ajeer-1431	477	11	0.0000	0.0000	NUM
ajeer-1431	477	12	adf	adf	NOUN
ajeer-1431	477	13	fisher	fisher	PROPN
ajeer-1431	477	14	chi	chi	PROPN
ajeer-1431	477	15	-	-	PUNCT
ajeer-1431	477	16	square	square	ADJ
ajeer-1431	477	17	100.246	100.246	NUM
ajeer-1431	477	18	0.0000	0.0000	NUM
ajeer-1431	477	19	pp	pp	ADP
ajeer-1431	477	20	fisher	fisher	PROPN
ajeer-1431	477	21	chi	chi	PROPN
ajeer-1431	477	22	-	-	PUNCT
ajeer-1431	477	23	square	square	ADJ
ajeer-1431	477	24	36.0654	36.0654	NUM
ajeer-1431	477	25	0.0000	0.0000	NUM
ajeer-1431	477	26	trace	trace	NOUN
ajeer-1431	477	27	statistic	statistic	NOUN
ajeer-1431	477	28	0.05	0.05	NUM
ajeer-1431	477	29	critical	critical	ADJ
ajeer-1431	477	30	value	value	NOUN
ajeer-1431	477	31	prob	prob	NOUN
ajeer-1431	477	32	.	.	PUNCT
ajeer-1431	478	1	*	*	PUNCT
ajeer-1431	479	1	*	*	PUNCT
ajeer-1431	479	2	23.02538	23.02538	NUM
ajeer-1431	479	3	29.79707	29.79707	NUM
ajeer-1431	479	4	0.2448	0.2448	NUM
ajeer-1431	479	5	11.04674	11.04674	NUM
ajeer-1431	479	6	15.49471	15.49471	NUM
ajeer-1431	479	7	0.2086	0.2086	NUM
ajeer-1431	479	8	0.515201	0.515201	NUM
ajeer-1431	479	9	3.841466	3.841466	NUM
ajeer-1431	479	10	0.4729	0.4729	NUM
ajeer-1431	479	11	4	4	NUM
ajeer-1431	479	12	.	.	PUNCT
ajeer-1431	479	13	mali	mali	PROPN
ajeer-1431	479	14	method	method	PROPN
ajeer-1431	479	15	statistic	statistic	PROPN
ajeer-1431	479	16	prob	prob	NOUN
ajeer-1431	479	17	.	.	PUNCT
ajeer-1431	480	1	*	*	PUNCT
ajeer-1431	480	2	*	*	PUNCT
ajeer-1431	480	3	levin	levin	PROPN
ajeer-1431	480	4	,	,	PUNCT
ajeer-1431	480	5	lin	lin	PROPN
ajeer-1431	480	6	&	&	CCONJ
ajeer-1431	480	7	chu	chu	PROPN
ajeer-1431	480	8	t	t	PROPN
ajeer-1431	480	9	*	*	PROPN
ajeer-1431	480	10	-7.81523	-7.81523	NOUN
ajeer-1431	480	11	0.0000	0.0000	NUM
ajeer-1431	480	12	adf	adf	NOUN
ajeer-1431	480	13	fisher	fisher	PROPN
ajeer-1431	480	14	chi	chi	PROPN
ajeer-1431	480	15	-	-	PUNCT
ajeer-1431	480	16	square	square	ADJ
ajeer-1431	480	17	99.8537	99.8537	NUM
ajeer-1431	480	18	0.0000	0.0000	NUM
ajeer-1431	480	19	pp	pp	ADP
ajeer-1431	480	20	fisher	fisher	PROPN
ajeer-1431	480	21	chi	chi	PROPN
ajeer-1431	480	22	-	-	PUNCT
ajeer-1431	480	23	square	square	NOUN
ajeer-1431	480	24	36.1389	36.1389	NUM
ajeer-1431	480	25	0.0000	0.0000	NUM
ajeer-1431	480	26	5	5	NUM
ajeer-1431	480	27	.	.	PUNCT
ajeer-1431	481	1	niger	niger	NOUN
ajeer-1431	481	2	trace	trace	NOUN
ajeer-1431	481	3	statistic	statistic	NOUN
ajeer-1431	481	4	0.05	0.05	NUM
ajeer-1431	481	5	critical	critical	ADJ
ajeer-1431	481	6	value	value	NOUN
ajeer-1431	481	7	prob	prob	NOUN
ajeer-1431	481	8	.	.	PUNCT
ajeer-1431	482	1	*	*	PUNCT
ajeer-1431	483	1	*	*	PUNCT
ajeer-1431	483	2	27.45871	27.45871	NUM
ajeer-1431	483	3	29.79707	29.79707	NUM
ajeer-1431	483	4	0.0909	0.0909	NUM
ajeer-1431	483	5	10.47776	10.47776	NUM
ajeer-1431	483	6	15.49471	15.49471	NUM
ajeer-1431	483	7	0.2458	0.2458	NUM
ajeer-1431	483	8	0.414641	0.414641	NUM
ajeer-1431	483	9	3.841466	3.841466	NUM
ajeer-1431	483	10	0.5196	0.5196	NUM
ajeer-1431	483	11	method	method	PROPN
ajeer-1431	483	12	statistic	statistic	NOUN
ajeer-1431	483	13	prob	prob	NOUN
ajeer-1431	483	14	.	.	PUNCT
ajeer-1431	484	1	*	*	PUNCT
ajeer-1431	484	2	*	*	PUNCT
ajeer-1431	484	3	levin	levin	PROPN
ajeer-1431	484	4	,	,	PUNCT
ajeer-1431	484	5	lin	lin	PROPN
ajeer-1431	484	6	&	&	CCONJ
ajeer-1431	484	7	chu	chu	PROPN
ajeer-1431	484	8	t	t	PROPN
ajeer-1431	484	9	*	*	PUNCT
ajeer-1431	484	10	-9.67559	-9.67559	NOUN
ajeer-1431	485	1	0.0000	0.0000	NUM
ajeer-1431	485	2	adf	adf	NOUN
ajeer-1431	485	3	fisher	fisher	PROPN
ajeer-1431	485	4	chi	chi	PROPN
ajeer-1431	485	5	-	-	PUNCT
ajeer-1431	485	6	square	square	ADJ
ajeer-1431	485	7	108.702	108.702	NUM
ajeer-1431	485	8	0.0000	0.0000	NUM
ajeer-1431	485	9	pp	pp	ADP
ajeer-1431	485	10	fisher	fisher	PROPN
ajeer-1431	485	11	chi	chi	PROPN
ajeer-1431	485	12	-	-	PUNCT
ajeer-1431	485	13	square	square	ADJ
ajeer-1431	485	14	34.9706	34.9706	NUM
ajeer-1431	485	15	0.0000	0.0000	NUM
ajeer-1431	485	16	trace	trace	NOUN
ajeer-1431	485	17	statistic	statistic	NOUN
ajeer-1431	485	18	0.05	0.05	NUM
ajeer-1431	485	19	critical	critical	ADJ
ajeer-1431	485	20	value	value	NOUN
ajeer-1431	485	21	prob	prob	NOUN
ajeer-1431	485	22	.	.	PUNCT
ajeer-1431	486	1	*	*	PUNCT
ajeer-1431	487	1	*	*	PUNCT
ajeer-1431	487	2	21.92632	21.92632	NUM
ajeer-1431	488	1	24.27596	24.27596	NUM
ajeer-1431	488	2	0.0962	0.0962	NUM
ajeer-1431	488	3	10.59920	10.59920	NUM
ajeer-1431	488	4	12.32090	12.32090	NUM
ajeer-1431	488	5	0.0955	0.0955	NUM
ajeer-1431	488	6	0.001012	0.001012	NUM
ajeer-1431	488	7	4.129906	4.129906	NUM
ajeer-1431	488	8	0.9809	0.9809	NUM
ajeer-1431	488	9	6	6	NUM
ajeer-1431	488	10	.	.	PUNCT
ajeer-1431	489	1	senegal	senegal	PROPN
ajeer-1431	489	2	method	method	PROPN
ajeer-1431	489	3	statistic	statistic	PROPN
ajeer-1431	489	4	prob	prob	NOUN
ajeer-1431	489	5	.	.	PUNCT
ajeer-1431	490	1	*	*	PUNCT
ajeer-1431	490	2	*	*	PUNCT
ajeer-1431	490	3	levin	levin	PROPN
ajeer-1431	490	4	,	,	PUNCT
ajeer-1431	490	5	lin	lin	PROPN
ajeer-1431	490	6	&	&	CCONJ
ajeer-1431	490	7	chu	chu	PROPN
ajeer-1431	491	1	t	t	PROPN
ajeer-1431	491	2	*	*	PROPN
ajeer-1431	491	3	-3.33082	-3.33082	PROPN
ajeer-1431	491	4	0.0004	0.0004	NUM
ajeer-1431	491	5	adf	adf	PROPN
ajeer-1431	491	6	fisher	fisher	PROPN
ajeer-1431	491	7	chi	chi	PROPN
ajeer-1431	491	8	-	-	PUNCT
ajeer-1431	491	9	square	square	ADJ
ajeer-1431	491	10	19.6868	19.6868	NUM
ajeer-1431	491	11	0.0031	0.0031	NUM
ajeer-1431	491	12	pp	pp	PROPN
ajeer-1431	491	13	fisher	fisher	PROPN
ajeer-1431	491	14	chi	chi	PROPN
ajeer-1431	491	15	-	-	PUNCT
ajeer-1431	491	16	square	square	ADJ
ajeer-1431	491	17	20.6309	20.6309	NUM
ajeer-1431	491	18	0.0021	0.0021	NUM
ajeer-1431	491	19	trace	trace	NOUN
ajeer-1431	491	20	statistic	statistic	NOUN
ajeer-1431	491	21	0.05	0.05	NUM
ajeer-1431	491	22	critical	critical	ADJ
ajeer-1431	491	23	value	value	NOUN
ajeer-1431	491	24	prob	prob	NOUN
ajeer-1431	491	25	.	.	PUNCT
ajeer-1431	492	1	*	*	PUNCT
ajeer-1431	492	2	*	*	X
ajeer-1431	492	3	71.55394	71.55394	NUM
ajeer-1431	492	4	29.79707	29.79707	NUM
ajeer-1431	492	5	0.0000	0.0000	NUM
ajeer-1431	492	6	6.439892	6.439892	NUM
ajeer-1431	492	7	15.49471	15.49471	NUM
ajeer-1431	492	8	0.6435	0.6435	NUM
ajeer-1431	492	9	2.283239	2.283239	NUM
ajeer-1431	492	10	3.841466	3.841466	NUM
ajeer-1431	492	11	0.1308	0.1308	NUM
ajeer-1431	492	12	7	7	NUM
ajeer-1431	492	13	.	.	PUNCT
ajeer-1431	493	1	togo	togo	PROPN
ajeer-1431	493	2	method	method	PROPN
ajeer-1431	493	3	statistic	statistic	PROPN
ajeer-1431	493	4	prob	prob	NOUN
ajeer-1431	493	5	.	.	PUNCT
ajeer-1431	494	1	*	*	PUNCT
ajeer-1431	494	2	*	*	PUNCT
ajeer-1431	494	3	levin	levin	PROPN
ajeer-1431	494	4	,	,	PUNCT
ajeer-1431	494	5	lin	lin	PROPN
ajeer-1431	494	6	&	&	CCONJ
ajeer-1431	494	7	chu	chu	PROPN
ajeer-1431	494	8	t	t	PROPN
ajeer-1431	494	9	*	*	PROPN
ajeer-1431	494	10	-9.34575	-9.34575	PROPN
ajeer-1431	494	11	0.0000	0.0000	NUM
ajeer-1431	494	12	adf	adf	PROPN
ajeer-1431	494	13	fisher	fisher	PROPN
ajeer-1431	494	14	chisquare	chisquare	VERB
ajeer-1431	495	1	108.628	108.628	NUM
ajeer-1431	495	2	0.0000	0.0000	NUM
ajeer-1431	496	1	pp	pp	ADP
ajeer-1431	496	2	fisher	fisher	PROPN
ajeer-1431	496	3	chi	chi	PROPN
ajeer-1431	496	4	-	-	PUNCT
ajeer-1431	496	5	square	square	ADJ
ajeer-1431	496	6	35.0009	35.0009	NUM
ajeer-1431	496	7	0.0000	0.0000	NUM
ajeer-1431	496	8	trace	trace	NOUN
ajeer-1431	496	9	statistic	statistic	NOUN
ajeer-1431	496	10	0.05	0.05	NUM
ajeer-1431	496	11	critical	critical	ADJ
ajeer-1431	496	12	value	value	NOUN
ajeer-1431	496	13	prob	prob	NOUN
ajeer-1431	496	14	.	.	PUNCT
ajeer-1431	497	1	*	*	PUNCT
ajeer-1431	498	1	*	*	PUNCT
ajeer-1431	498	2	25.35363	25.35363	NUM
ajeer-1431	498	3	29.79707	29.79707	NUM
ajeer-1431	498	4	0.1492	0.1492	NUM
ajeer-1431	498	5	10.52497	10.52497	NUM
ajeer-1431	498	6	15.49471	15.49471	NUM
ajeer-1431	498	7	0.2425	0.2425	NUM
ajeer-1431	498	8	1.239252	1.239252	NUM
ajeer-1431	498	9	3.841466	3.841466	NUM
ajeer-1431	498	10	0.2656	0.2656	NUM
ajeer-1431	498	11	asian	asian	ADJ
ajeer-1431	498	12	journal	journal	NOUN
ajeer-1431	498	13	of	of	ADP
ajeer-1431	498	14	economics	economic	NOUN
ajeer-1431	498	15	and	and	CCONJ
ajeer-1431	498	16	empirical	empirical	ADJ
ajeer-1431	498	17	research	research	NOUN
ajeer-1431	498	18	,	,	PUNCT
ajeer-1431	498	19	2020	2020	NUM
ajeer-1431	498	20	,	,	PUNCT
ajeer-1431	498	21	7(1	7(1	NUM
ajeer-1431	498	22	):	):	PUNCT
ajeer-1431	498	23	46	46	NUM
ajeer-1431	498	24	-	-	SYM
ajeer-1431	498	25	63	63	NUM
ajeer-1431	498	26	58	58	NUM
ajeer-1431	498	27	©	©	PROPN
ajeer-1431	498	28	2020	2020	NUM
ajeer-1431	498	29	by	by	ADP
ajeer-1431	498	30	the	the	DET
ajeer-1431	498	31	authors	author	NOUN
ajeer-1431	498	32	;	;	PUNCT
ajeer-1431	498	33	licensee	licensee	PROPN
ajeer-1431	498	34	asian	asian	ADJ
ajeer-1431	498	35	online	online	PROPN
ajeer-1431	498	36	journal	journal	PROPN
ajeer-1431	498	37	publishing	publishing	NOUN
ajeer-1431	498	38	group	group	NOUN
ajeer-1431	498	39	figure-2	figure-2	PROPN
ajeer-1431	498	40	.	.	PUNCT
ajeer-1431	498	41	representation	representation	NOUN
ajeer-1431	498	42	of	of	ADP
ajeer-1431	498	43	constructed	constructed	ADJ
ajeer-1431	498	44	series	series	NOUN
ajeer-1431	498	45	.	.	PUNCT
ajeer-1431	499	1	asian	asian	ADJ
ajeer-1431	499	2	journal	journal	PROPN
ajeer-1431	499	3	of	of	ADP
ajeer-1431	499	4	economics	economic	NOUN
ajeer-1431	499	5	and	and	CCONJ
ajeer-1431	499	6	empirical	empirical	ADJ
ajeer-1431	499	7	research	research	NOUN
ajeer-1431	499	8	,	,	PUNCT
ajeer-1431	499	9	2020	2020	NUM
ajeer-1431	499	10	,	,	PUNCT
ajeer-1431	499	11	7(1	7(1	NUM
ajeer-1431	499	12	):	):	PUNCT
ajeer-1431	499	13	46	46	NUM
ajeer-1431	499	14	-	-	SYM
ajeer-1431	499	15	63	63	NUM
ajeer-1431	499	16	59	59	NUM
ajeer-1431	499	17	©	©	PROPN
ajeer-1431	499	18	2020	2020	NUM
ajeer-1431	499	19	by	by	ADP
ajeer-1431	499	20	the	the	DET
ajeer-1431	499	21	authors	author	NOUN
ajeer-1431	499	22	;	;	PUNCT
ajeer-1431	499	23	licensee	licensee	PROPN
ajeer-1431	499	24	asian	asian	ADJ
ajeer-1431	499	25	online	online	PROPN
ajeer-1431	499	26	journal	journal	PROPN
ajeer-1431	499	27	publishing	publishing	PROPN
ajeer-1431	499	28	group	group	PROPN
ajeer-1431	499	29	asian	asian	PROPN
ajeer-1431	499	30	journal	journal	PROPN
ajeer-1431	499	31	of	of	ADP
ajeer-1431	499	32	economics	economic	NOUN
ajeer-1431	499	33	and	and	CCONJ
ajeer-1431	499	34	empirical	empirical	ADJ
ajeer-1431	499	35	research	research	NOUN
ajeer-1431	499	36	,	,	PUNCT
ajeer-1431	499	37	2020	2020	NUM
ajeer-1431	499	38	,	,	PUNCT
ajeer-1431	499	39	7(1	7(1	NUM
ajeer-1431	499	40	):	):	PUNCT
ajeer-1431	499	41	46	46	NUM
ajeer-1431	499	42	-	-	SYM
ajeer-1431	499	43	63	63	NUM
ajeer-1431	499	44	60	60	NUM
ajeer-1431	499	45	©	©	PROPN
ajeer-1431	499	46	2020	2020	NUM
ajeer-1431	499	47	by	by	ADP
ajeer-1431	499	48	the	the	DET
ajeer-1431	499	49	authors	author	NOUN
ajeer-1431	499	50	;	;	PUNCT
ajeer-1431	499	51	licensee	licensee	PROPN
ajeer-1431	499	52	asian	asian	ADJ
ajeer-1431	499	53	online	online	PROPN
ajeer-1431	499	54	journal	journal	PROPN
ajeer-1431	499	55	publishing	publishing	PROPN
ajeer-1431	499	56	group	group	PROPN
ajeer-1431	499	57	asian	asian	PROPN
ajeer-1431	499	58	journal	journal	PROPN
ajeer-1431	499	59	of	of	ADP
ajeer-1431	499	60	economics	economic	NOUN
ajeer-1431	499	61	and	and	CCONJ
ajeer-1431	499	62	empirical	empirical	ADJ
ajeer-1431	499	63	research	research	NOUN
ajeer-1431	499	64	,	,	PUNCT
ajeer-1431	499	65	2020	2020	NUM
ajeer-1431	499	66	,	,	PUNCT
ajeer-1431	499	67	7(1	7(1	NUM
ajeer-1431	499	68	):	):	PUNCT
ajeer-1431	499	69	46	46	NUM
ajeer-1431	499	70	-	-	SYM
ajeer-1431	499	71	63	63	NUM
ajeer-1431	499	72	61	61	NUM
ajeer-1431	499	73	©	©	PROPN
ajeer-1431	499	74	2020	2020	NUM
ajeer-1431	499	75	by	by	ADP
ajeer-1431	499	76	the	the	DET
ajeer-1431	499	77	authors	author	NOUN
ajeer-1431	499	78	;	;	PUNCT
ajeer-1431	499	79	licensee	licensee	PROPN
ajeer-1431	499	80	asian	asian	ADJ
ajeer-1431	499	81	online	online	PROPN
ajeer-1431	499	82	journal	journal	PROPN
ajeer-1431	499	83	publishing	publishing	PROPN
ajeer-1431	499	84	group	group	PROPN
ajeer-1431	499	85	asian	asian	PROPN
ajeer-1431	499	86	journal	journal	PROPN
ajeer-1431	499	87	of	of	ADP
ajeer-1431	499	88	economics	economic	NOUN
ajeer-1431	499	89	and	and	CCONJ
ajeer-1431	499	90	empirical	empirical	ADJ
ajeer-1431	499	91	research	research	NOUN
ajeer-1431	499	92	,	,	PUNCT
ajeer-1431	499	93	2020	2020	NUM
ajeer-1431	499	94	,	,	PUNCT
ajeer-1431	499	95	7(1	7(1	NUM
ajeer-1431	499	96	):	):	PUNCT
ajeer-1431	499	97	46	46	NUM
ajeer-1431	499	98	-	-	SYM
ajeer-1431	499	99	63	63	NUM
ajeer-1431	499	100	62	62	NUM
ajeer-1431	499	101	©	©	PROPN
ajeer-1431	499	102	2020	2020	NUM
ajeer-1431	499	103	by	by	ADP
ajeer-1431	499	104	the	the	DET
ajeer-1431	499	105	authors	author	NOUN
ajeer-1431	499	106	;	;	PUNCT
ajeer-1431	499	107	licensee	licensee	PROPN
ajeer-1431	499	108	asian	asian	ADJ
ajeer-1431	499	109	online	online	PROPN
ajeer-1431	499	110	journal	journal	PROPN
ajeer-1431	499	111	publishing	publishing	NOUN
ajeer-1431	499	112	group	group	NOUN
ajeer-1431	499	113	figure-3	figure-3	NUM
ajeer-1431	499	114	.	.	PUNCT
ajeer-1431	500	1	impulse	impulse	ADJ
ajeer-1431	500	2	response	response	NOUN
ajeer-1431	500	3	functions	function	NOUN
ajeer-1431	500	4	.	.	PUNCT
ajeer-1431	501	1	table-9	table-9	NOUN
ajeer-1431	501	2	.	.	PUNCT
ajeer-1431	502	1	decomposition	decomposition	NOUN
ajeer-1431	502	2	of	of	ADP
ajeer-1431	502	3	variance	variance	NOUN
ajeer-1431	502	4	.	.	PUNCT
ajeer-1431	503	1	1	1	X
ajeer-1431	503	2	.	.	X
ajeer-1431	503	3	benin	benin	PROPN
ajeer-1431	503	4	variance	variance	NOUN
ajeer-1431	503	5	decomposition	decomposition	NOUN
ajeer-1431	503	6	of	of	ADP
ajeer-1431	503	7	np	np	PROPN
ajeer-1431	503	8	period	period	NOUN
ajeer-1431	503	9	s.e	s.e	PROPN
ajeer-1431	503	10	.	.	PROPN
ajeer-1431	503	11	gs	gs	PROPN
ajeer-1431	504	1	ps	ps	PROPN
ajeer-1431	504	2	ts	ts	ADP
ajeer-1431	504	3	2	2	NUM
ajeer-1431	504	4	15.52636	15.52636	NUM
ajeer-1431	504	5	46.04610	46.04610	NUM
ajeer-1431	504	6	53.73720	53.73720	NUM
ajeer-1431	504	7	0.216700	0.216700	NUM
ajeer-1431	504	8	10	10	NUM
ajeer-1431	504	9	51.05503	51.05503	NUM
ajeer-1431	504	10	39.78096	39.78096	NUM
ajeer-1431	504	11	59.98271	59.98271	NUM
ajeer-1431	504	12	0.236329	0.236329	NUM
ajeer-1431	504	13	20	20	NUM
ajeer-1431	504	14	53.39300	53.39300	NUM
ajeer-1431	504	15	49.55462	49.55462	NUM
ajeer-1431	504	16	50.13471	50.13471	NUM
ajeer-1431	504	17	0.310673	0.310673	NUM
ajeer-1431	504	18	variance	variance	NOUN
ajeer-1431	504	19	decomposition	decomposition	NOUN
ajeer-1431	504	20	of	of	ADP
ajeer-1431	504	21	ca	ca	NOUN
ajeer-1431	504	22	/	/	SYM
ajeer-1431	504	23	gdp	gdp	NOUN
ajeer-1431	504	24	period	period	NOUN
ajeer-1431	504	25	s.e	s.e	PROPN
ajeer-1431	504	26	.	.	PROPN
ajeer-1431	504	27	gs	gs	PROPN
ajeer-1431	505	1	ps	ps	PROPN
ajeer-1431	505	2	ts	ts	ADP
ajeer-1431	505	3	2	2	NUM
ajeer-1431	505	4	0.000654	0.000654	NUM
ajeer-1431	505	5	2.089481	2.089481	NUM
ajeer-1431	505	6	3.871050	3.871050	NUM
ajeer-1431	505	7	94.03947	94.03947	NUM
ajeer-1431	505	8	10	10	NUM
ajeer-1431	505	9	0.003504	0.003504	NUM
ajeer-1431	505	10	4.973667	4.973667	NUM
ajeer-1431	505	11	7.616084	7.616084	NUM
ajeer-1431	505	12	87.41025	87.41025	NUM
ajeer-1431	505	13	20	20	NUM
ajeer-1431	505	14	0.004136	0.004136	NUM
ajeer-1431	505	15	4.846890	4.846890	NUM
ajeer-1431	505	16	9.435648	9.435648	NUM
ajeer-1431	505	17	85.71746	85.71746	NUM
ajeer-1431	505	18	2	2	NUM
ajeer-1431	505	19	.	.	PUNCT
ajeer-1431	506	1	burkina	burkina	PROPN
ajeer-1431	506	2	faso	faso	PROPN
ajeer-1431	506	3	variance	variance	NOUN
ajeer-1431	506	4	decomposition	decomposition	NOUN
ajeer-1431	506	5	of	of	ADP
ajeer-1431	506	6	np	np	PROPN
ajeer-1431	506	7	period	period	NOUN
ajeer-1431	506	8	s.e	s.e	PROPN
ajeer-1431	506	9	.	.	PROPN
ajeer-1431	506	10	gs	gs	PROPN
ajeer-1431	507	1	ps	ps	PROPN
ajeer-1431	507	2	ts	ts	ADP
ajeer-1431	507	3	2	2	NUM
ajeer-1431	507	4	0.000654	0.000654	NUM
ajeer-1431	507	5	46.04610	46.04610	NUM
ajeer-1431	507	6	53.73720	53.73720	NUM
ajeer-1431	507	7	0.216700	0.216700	NUM
ajeer-1431	507	8	10	10	NUM
ajeer-1431	507	9	0.003504	0.003504	NUM
ajeer-1431	507	10	39.78096	39.78096	NUM
ajeer-1431	507	11	59.98271	59.98271	NUM
ajeer-1431	507	12	0.236329	0.236329	NUM
ajeer-1431	507	13	20	20	NUM
ajeer-1431	507	14	0.004136	0.004136	NUM
ajeer-1431	507	15	49.55462	49.55462	NUM
ajeer-1431	507	16	50.13471	50.13471	NUM
ajeer-1431	507	17	0.310673	0.310673	NUM
ajeer-1431	507	18	variance	variance	NOUN
ajeer-1431	507	19	decomposition	decomposition	NOUN
ajeer-1431	507	20	of	of	ADP
ajeer-1431	507	21	ca	ca	NOUN
ajeer-1431	507	22	/	/	SYM
ajeer-1431	507	23	gdp	gdp	NOUN
ajeer-1431	507	24	period	period	NOUN
ajeer-1431	507	25	s.e	s.e	PROPN
ajeer-1431	507	26	.	.	PROPN
ajeer-1431	507	27	gs	gs	PROPN
ajeer-1431	507	28	ps	ps	PROPN
ajeer-1431	507	29	ts	ts	ADP
ajeer-1431	507	30	2	2	NUM
ajeer-1431	507	31	2.864577	2.864577	NUM
ajeer-1431	507	32	2.089481	2.089481	NUM
ajeer-1431	507	33	3.871050	3.871050	NUM
ajeer-1431	507	34	94.03947	94.03947	NUM
ajeer-1431	507	35	10	10	NUM
ajeer-1431	507	36	9.826025	9.826025	NUM
ajeer-1431	507	37	4.973667	4.973667	NUM
ajeer-1431	507	38	7.616084	7.616084	NUM
ajeer-1431	507	39	87.41025	87.41025	NUM
ajeer-1431	507	40	20	20	NUM
ajeer-1431	507	41	10.43378	10.43378	NUM
ajeer-1431	507	42	4.846890	4.846890	NUM
ajeer-1431	507	43	9.435648	9.435648	NUM
ajeer-1431	507	44	85.71746	85.71746	NUM
ajeer-1431	507	45	asian	asian	ADJ
ajeer-1431	507	46	journal	journal	NOUN
ajeer-1431	507	47	of	of	ADP
ajeer-1431	507	48	economics	economic	NOUN
ajeer-1431	507	49	and	and	CCONJ
ajeer-1431	507	50	empirical	empirical	ADJ
ajeer-1431	507	51	research	research	NOUN
ajeer-1431	507	52	,	,	PUNCT
ajeer-1431	507	53	2020	2020	NUM
ajeer-1431	507	54	,	,	PUNCT
ajeer-1431	507	55	7(1	7(1	NUM
ajeer-1431	507	56	):	):	PUNCT
ajeer-1431	507	57	46	46	NUM
ajeer-1431	507	58	-	-	SYM
ajeer-1431	507	59	63	63	NUM
ajeer-1431	507	60	63	63	NUM
ajeer-1431	507	61	©	©	PROPN
ajeer-1431	507	62	2020	2020	NUM
ajeer-1431	507	63	by	by	ADP
ajeer-1431	507	64	the	the	DET
ajeer-1431	507	65	authors	author	NOUN
ajeer-1431	507	66	;	;	PUNCT
ajeer-1431	507	67	licensee	licensee	PROPN
ajeer-1431	507	68	asian	asian	ADJ
ajeer-1431	507	69	online	online	PROPN
ajeer-1431	507	70	journal	journal	PROPN
ajeer-1431	507	71	publishing	publishing	NOUN
ajeer-1431	507	72	group	group	NOUN
ajeer-1431	507	73	3	3	NUM
ajeer-1431	507	74	.	.	PUNCT
ajeer-1431	507	75	ivory	ivory	PROPN
ajeer-1431	507	76	coast	coast	PROPN
ajeer-1431	507	77	variance	variance	NOUN
ajeer-1431	507	78	decomposition	decomposition	NOUN
ajeer-1431	507	79	of	of	ADP
ajeer-1431	507	80	np	np	PROPN
ajeer-1431	507	81	:	:	PUNCT
ajeer-1431	507	82	period	period	PROPN
ajeer-1431	507	83	s.e	s.e	PROPN
ajeer-1431	507	84	.	.	PROPN
ajeer-1431	508	1	gs	gs	PROPN
ajeer-1431	508	2	ps	ps	PROPN
ajeer-1431	508	3	ts	ts	ADP
ajeer-1431	508	4	2	2	NUM
ajeer-1431	508	5	0.002815	0.002815	NUM
ajeer-1431	508	6	22.11021	22.11021	NUM
ajeer-1431	508	7	62.44739	62.44739	NUM
ajeer-1431	508	8	15.44240	15.44240	NUM
ajeer-1431	508	9	10	10	NUM
ajeer-1431	508	10	0.018687	0.018687	NUM
ajeer-1431	508	11	49.10754	49.10754	NUM
ajeer-1431	508	12	44.64797	44.64797	NUM
ajeer-1431	508	13	6.244490	6.244490	NUM
ajeer-1431	508	14	20	20	NUM
ajeer-1431	508	15	0.024034	0.024034	NUM
ajeer-1431	508	16	53.47749	53.47749	NUM
ajeer-1431	508	17	42.24102	42.24102	NUM
ajeer-1431	508	18	4.281496	4.281496	NUM
ajeer-1431	508	19	variance	variance	NOUN
ajeer-1431	508	20	decomposition	decomposition	NOUN
ajeer-1431	508	21	of	of	ADP
ajeer-1431	508	22	ca	ca	NOUN
ajeer-1431	508	23	/	/	SYM
ajeer-1431	508	24	gdp	gdp	NOUN
ajeer-1431	508	25	:	:	PUNCT
ajeer-1431	508	26	period	period	PROPN
ajeer-1431	508	27	s.e	s.e	PROPN
ajeer-1431	508	28	.	.	PROPN
ajeer-1431	509	1	gs	gs	PROPN
ajeer-1431	509	2	ps	ps	PROPN
ajeer-1431	509	3	ts	ts	ADP
ajeer-1431	509	4	2	2	NUM
ajeer-1431	509	5	2.800633	2.800633	NUM
ajeer-1431	509	6	0.108973	0.108973	NUM
ajeer-1431	509	7	0.646038	0.646038	NUM
ajeer-1431	509	8	99.24499	99.24499	NUM
ajeer-1431	509	9	10	10	NUM
ajeer-1431	509	10	9.048979	9.048979	NUM
ajeer-1431	509	11	0.750810	0.750810	NUM
ajeer-1431	509	12	2.229074	2.229074	NUM
ajeer-1431	509	13	97.02012	97.02012	NUM
ajeer-1431	509	14	20	20	NUM
ajeer-1431	509	15	10.17510	10.17510	NUM
ajeer-1431	509	16	5.891720	5.891720	NUM
ajeer-1431	509	17	10.75330	10.75330	NUM
ajeer-1431	509	18	83.35498	83.35498	NUM
ajeer-1431	509	19	4	4	NUM
ajeer-1431	509	20	.	.	PUNCT
ajeer-1431	509	21	mali	mali	ADJ
ajeer-1431	509	22	variance	variance	NOUN
ajeer-1431	509	23	decomposition	decomposition	NOUN
ajeer-1431	509	24	of	of	ADP
ajeer-1431	509	25	np	np	PROPN
ajeer-1431	509	26	period	period	NOUN
ajeer-1431	509	27	s.e	s.e	PROPN
ajeer-1431	509	28	.	.	PROPN
ajeer-1431	509	29	gs	gs	PROPN
ajeer-1431	510	1	ps	ps	PROPN
ajeer-1431	510	2	ts	ts	ADP
ajeer-1431	510	3	2	2	NUM
ajeer-1431	510	4	0.001123	0.001123	NUM
ajeer-1431	510	5	22.19861	22.19861	NUM
ajeer-1431	510	6	77.03416	77.03416	NUM
ajeer-1431	510	7	0.767231	0.767231	NUM
ajeer-1431	510	8	10	10	NUM
ajeer-1431	510	9	0.006174	0.006174	NUM
ajeer-1431	510	10	12.67797	12.67797	NUM
ajeer-1431	510	11	86.53404	86.53404	NUM
ajeer-1431	510	12	0.787990	0.787990	NUM
ajeer-1431	510	13	20	20	NUM
ajeer-1431	510	14	0.008857	0.008857	NUM
ajeer-1431	510	15	6.715274	6.715274	NUM
ajeer-1431	510	16	92.43548	92.43548	NUM
ajeer-1431	510	17	0.849245	0.849245	NUM
ajeer-1431	510	18	variance	variance	NOUN
ajeer-1431	510	19	decomposition	decomposition	NOUN
ajeer-1431	510	20	of	of	ADP
ajeer-1431	510	21	ca	ca	NOUN
ajeer-1431	510	22	/	/	SYM
ajeer-1431	510	23	gdp	gdp	NOUN
ajeer-1431	510	24	period	period	NOUN
ajeer-1431	510	25	s.e	s.e	PROPN
ajeer-1431	510	26	.	.	PROPN
ajeer-1431	510	27	gs	gs	PROPN
ajeer-1431	510	28	ps	ps	PROPN
ajeer-1431	510	29	ts	ts	ADP
ajeer-1431	510	30	2	2	NUM
ajeer-1431	510	31	2.721849	2.721849	NUM
ajeer-1431	510	32	24.96734	24.96734	NUM
ajeer-1431	510	33	19.29179	19.29179	NUM
ajeer-1431	510	34	55.74087	55.74087	NUM
ajeer-1431	510	35	10	10	NUM
ajeer-1431	510	36	9.653075	9.653075	NUM
ajeer-1431	510	37	22.40393	22.40393	NUM
ajeer-1431	510	38	27.00905	27.00905	NUM
ajeer-1431	510	39	50.58702	50.58702	NUM
ajeer-1431	510	40	20	20	NUM
ajeer-1431	510	41	10.35607	10.35607	NUM
ajeer-1431	510	42	21.83825	21.83825	NUM
ajeer-1431	510	43	28.75692	28.75692	NUM
ajeer-1431	510	44	49.40483	49.40483	NUM
ajeer-1431	510	45	5	5	NUM
ajeer-1431	510	46	.	.	PUNCT
ajeer-1431	511	1	niger	niger	NOUN
ajeer-1431	511	2	variance	variance	NOUN
ajeer-1431	511	3	decomposition	decomposition	NOUN
ajeer-1431	511	4	of	of	ADP
ajeer-1431	511	5	np	np	PROPN
ajeer-1431	511	6	period	period	NOUN
ajeer-1431	511	7	s.e	s.e	PROPN
ajeer-1431	511	8	.	.	PROPN
ajeer-1431	511	9	gs	gs	PROPN
ajeer-1431	512	1	ps	ps	PROPN
ajeer-1431	512	2	ts	ts	ADP
ajeer-1431	512	3	2	2	NUM
ajeer-1431	512	4	16.95850	16.95850	NUM
ajeer-1431	512	5	13.94728	13.94728	NUM
ajeer-1431	512	6	85.88413	85.88413	NUM
ajeer-1431	512	7	0.168584	0.168584	NUM
ajeer-1431	512	8	10	10	NUM
ajeer-1431	512	9	52.80131	52.80131	NUM
ajeer-1431	512	10	11.03605	11.03605	NUM
ajeer-1431	512	11	88.84648	88.84648	NUM
ajeer-1431	512	12	0.117468	0.117468	NUM
ajeer-1431	512	13	20	20	NUM
ajeer-1431	512	14	54.89289	54.89289	NUM
ajeer-1431	512	15	11.46929	11.46929	NUM
ajeer-1431	512	16	88.20483	88.20483	NUM
ajeer-1431	512	17	0.325880	0.325880	NUM
ajeer-1431	512	18	variance	variance	NOUN
ajeer-1431	512	19	decomposition	decomposition	NOUN
ajeer-1431	512	20	of	of	ADP
ajeer-1431	512	21	ca	ca	NOUN
ajeer-1431	512	22	/	/	SYM
ajeer-1431	512	23	gdp	gdp	NOUN
ajeer-1431	512	24	period	period	NOUN
ajeer-1431	512	25	s.e	s.e	PROPN
ajeer-1431	512	26	.	.	PROPN
ajeer-1431	512	27	gs	gs	PROPN
ajeer-1431	512	28	ps	ps	PROPN
ajeer-1431	512	29	ts	ts	ADP
ajeer-1431	512	30	2	2	NUM
ajeer-1431	512	31	0.000480	0.000480	NUM
ajeer-1431	512	32	0.342190	0.342190	NUM
ajeer-1431	512	33	2.610384	2.610384	NUM
ajeer-1431	512	34	97.04743	97.04743	NUM
ajeer-1431	512	35	10	10	NUM
ajeer-1431	512	36	0.002258	0.002258	NUM
ajeer-1431	512	37	0.367420	0.367420	NUM
ajeer-1431	512	38	5.132755	5.132755	NUM
ajeer-1431	512	39	94.49982	94.49982	NUM
ajeer-1431	512	40	20	20	NUM
ajeer-1431	512	41	0.002353	0.002353	NUM
ajeer-1431	512	42	0.558828	0.558828	NUM
ajeer-1431	512	43	4.894546	4.894546	NUM
ajeer-1431	512	44	94.54663	94.54663	NUM
ajeer-1431	512	45	6	6	NUM
ajeer-1431	512	46	.	.	PUNCT
ajeer-1431	513	1	senegal	senegal	ADJ
ajeer-1431	513	2	variance	variance	NOUN
ajeer-1431	513	3	decomposition	decomposition	NOUN
ajeer-1431	513	4	of	of	ADP
ajeer-1431	513	5	np	np	PROPN
ajeer-1431	513	6	period	period	NOUN
ajeer-1431	513	7	s.e	s.e	PROPN
ajeer-1431	513	8	.	.	PROPN
ajeer-1431	513	9	gs	gs	PROPN
ajeer-1431	514	1	ps	ps	PROPN
ajeer-1431	514	2	ts	ts	ADP
ajeer-1431	514	3	2	2	NUM
ajeer-1431	514	4	16.8147	16.8147	NUM
ajeer-1431	514	5	31.2605	31.2605	NUM
ajeer-1431	514	6	50.4522	50.4522	NUM
ajeer-1431	514	7	18.2874	18.2874	NUM
ajeer-1431	514	8	10	10	NUM
ajeer-1431	514	9	52.7192	52.7192	NUM
ajeer-1431	514	10	49.5352	49.5352	NUM
ajeer-1431	514	11	40.3773	40.3773	NUM
ajeer-1431	514	12	10.0876	10.0876	NUM
ajeer-1431	514	13	20	20	NUM
ajeer-1431	514	14	54.2568	54.2568	NUM
ajeer-1431	514	15	47.6553	47.6553	NUM
ajeer-1431	514	16	45.1056	45.1056	NUM
ajeer-1431	514	17	7.23911	7.23911	NUM
ajeer-1431	514	18	variance	variance	NOUN
ajeer-1431	514	19	decomposition	decomposition	NOUN
ajeer-1431	514	20	of	of	ADP
ajeer-1431	514	21	ca	ca	NOUN
ajeer-1431	514	22	/	/	SYM
ajeer-1431	514	23	gdp	gdp	NOUN
ajeer-1431	514	24	period	period	NOUN
ajeer-1431	514	25	s.e	s.e	PROPN
ajeer-1431	514	26	.	.	PROPN
ajeer-1431	514	27	gs	gs	PROPN
ajeer-1431	514	28	ps	ps	PROPN
ajeer-1431	514	29	ts	ts	ADP
ajeer-1431	514	30	2	2	NUM
ajeer-1431	514	31	0.001537	0.001537	NUM
ajeer-1431	514	32	2.525292	2.525292	NUM
ajeer-1431	514	33	3.488888	3.488888	NUM
ajeer-1431	514	34	93.98582	93.98582	NUM
ajeer-1431	514	35	10	10	NUM
ajeer-1431	514	36	0.008359	0.008359	NUM
ajeer-1431	514	37	7.266887	7.266887	NUM
ajeer-1431	514	38	7.293134	7.293134	NUM
ajeer-1431	514	39	85.43998	85.43998	NUM
ajeer-1431	514	40	20	20	NUM
ajeer-1431	514	41	0.010518	0.010518	NUM
ajeer-1431	514	42	10.53994	10.53994	NUM
ajeer-1431	514	43	10.12012	10.12012	NUM
ajeer-1431	514	44	79.33994	79.33994	NUM
ajeer-1431	515	1	7.togo	7.togo	NUM
ajeer-1431	515	2	variance	variance	NOUN
ajeer-1431	515	3	decomposition	decomposition	NOUN
ajeer-1431	515	4	of	of	ADP
ajeer-1431	515	5	np	np	PROPN
ajeer-1431	515	6	period	period	NOUN
ajeer-1431	515	7	s.e	s.e	PROPN
ajeer-1431	515	8	.	.	PROPN
ajeer-1431	515	9	gs	gs	PROPN
ajeer-1431	516	1	ps	ps	PROPN
ajeer-1431	516	2	ts	ts	ADP
ajeer-1431	516	3	2	2	NUM
ajeer-1431	516	4	15.92043	15.92043	NUM
ajeer-1431	516	5	1.070528	1.070528	NUM
ajeer-1431	516	6	56.60889	56.60889	NUM
ajeer-1431	516	7	42.32058	42.32058	NUM
ajeer-1431	516	8	10	10	NUM
ajeer-1431	516	9	52.01419	52.01419	NUM
ajeer-1431	516	10	4.195602	4.195602	NUM
ajeer-1431	516	11	74.40748	74.40748	NUM
ajeer-1431	516	12	21.39691	21.39691	NUM
ajeer-1431	516	13	20	20	NUM
ajeer-1431	516	14	53.77925	53.77925	NUM
ajeer-1431	516	15	20.25914	20.25914	NUM
ajeer-1431	516	16	65.82229	65.82229	NUM
ajeer-1431	516	17	13.91857	13.91857	NUM
ajeer-1431	516	18	variance	variance	NOUN
ajeer-1431	516	19	decomposition	decomposition	NOUN
ajeer-1431	516	20	of	of	ADP
ajeer-1431	516	21	ca	ca	NOUN
ajeer-1431	516	22	/	/	SYM
ajeer-1431	516	23	gdp	gdp	NOUN
ajeer-1431	516	24	period	period	NOUN
ajeer-1431	516	25	s.e	s.e	PROPN
ajeer-1431	516	26	.	.	PROPN
ajeer-1431	516	27	gs	gs	PROPN
ajeer-1431	517	1	ps	ps	PROPN
ajeer-1431	517	2	ts	ts	ADP
ajeer-1431	517	3	2	2	NUM
ajeer-1431	517	4	0.000689	0.000689	NUM
ajeer-1431	517	5	1.561382	1.561382	NUM
ajeer-1431	517	6	27.78531	27.78531	NUM
ajeer-1431	517	7	70.65331	70.65331	NUM
ajeer-1431	517	8	10	10	NUM
ajeer-1431	517	9	0.003890	0.003890	NUM
ajeer-1431	517	10	1.759554	1.759554	NUM
ajeer-1431	517	11	30.48307	30.48307	NUM
ajeer-1431	517	12	67.75738	67.75738	NUM
ajeer-1431	517	13	20	20	NUM
ajeer-1431	517	14	0.005449	0.005449	NUM
ajeer-1431	517	15	1.751188	1.751188	NUM
ajeer-1431	517	16	31.71975	31.71975	NUM
ajeer-1431	517	17	66.52906	66.52906	NUM
ajeer-1431	517	18	note	note	NOUN
ajeer-1431	517	19	:	:	PUNCT
ajeer-1431	517	20	gs	gs	ADJ
ajeer-1431	517	21	:	:	PUNCT
ajeer-1431	517	22	global	global	ADJ
ajeer-1431	517	23	shock	shock	NOUN
ajeer-1431	517	24	.	.	PUNCT
ajeer-1431	518	1	ps	ps	NOUN
ajeer-1431	518	2	:	:	PUNCT
ajeer-1431	518	3	permanent	permanent	ADJ
ajeer-1431	518	4	shock	shock	NOUN
ajeer-1431	518	5	.	.	PUNCT
ajeer-1431	519	1	ts	ts	ADP
ajeer-1431	519	2	:	:	PUNCT
ajeer-1431	519	3	transitory	transitory	ADJ
ajeer-1431	519	4	shock	shock	NOUN
ajeer-1431	519	5	.	.	PUNCT
ajeer-1431	520	1	asian	asian	ADJ
ajeer-1431	520	2	online	online	PROPN
ajeer-1431	520	3	journal	journal	PROPN
ajeer-1431	520	4	publishing	publishing	NOUN
ajeer-1431	520	5	group	group	NOUN
ajeer-1431	520	6	is	be	AUX
ajeer-1431	520	7	not	not	PART
ajeer-1431	520	8	responsible	responsible	ADJ
ajeer-1431	520	9	or	or	CCONJ
ajeer-1431	520	10	answerable	answerable	ADJ
ajeer-1431	520	11	for	for	ADP
ajeer-1431	520	12	any	any	DET
ajeer-1431	520	13	loss	loss	NOUN
ajeer-1431	520	14	,	,	PUNCT
ajeer-1431	520	15	damage	damage	NOUN
ajeer-1431	520	16	or	or	CCONJ
ajeer-1431	520	17	liability	liability	NOUN
ajeer-1431	520	18	,	,	PUNCT
ajeer-1431	520	19	etc	etc	X
ajeer-1431	520	20	.	.	X
ajeer-1431	520	21	caused	cause	VERB
ajeer-1431	520	22	in	in	ADP
ajeer-1431	520	23	relation	relation	NOUN
ajeer-1431	520	24	to	to	PART
ajeer-1431	520	25	/	/	PUNCT
ajeer-1431	520	26	arising	arise	VERB
ajeer-1431	520	27	out	out	ADP
ajeer-1431	520	28	of	of	ADP
ajeer-1431	520	29	the	the	DET
ajeer-1431	520	30	use	use	NOUN
ajeer-1431	520	31	of	of	ADP
ajeer-1431	520	32	the	the	DET
ajeer-1431	520	33	content	content	NOUN
ajeer-1431	520	34	.	.	PUNCT
ajeer-1431	521	1	any	any	DET
ajeer-1431	521	2	queries	query	NOUN
ajeer-1431	521	3	should	should	AUX
ajeer-1431	521	4	be	be	AUX
ajeer-1431	521	5	directed	direct	VERB
ajeer-1431	521	6	to	to	ADP
ajeer-1431	521	7	the	the	DET
ajeer-1431	521	8	corresponding	corresponding	ADJ
ajeer-1431	521	9	author	author	NOUN
ajeer-1431	521	10	of	of	ADP
ajeer-1431	521	11	the	the	DET
ajeer-1431	521	12	article	article	NOUN
ajeer-1431	521	13	.	.	PUNCT