id	sid	tid	token	lemma	pos
ajeer-251	1	1	112	112	NUM
ajeer-251	1	2	asian	asian	ADJ
ajeer-251	1	3	journal	journal	NOUN
ajeer-251	1	4	of	of	ADP
ajeer-251	1	5	economics	economic	NOUN
ajeer-251	1	6	and	and	CCONJ
ajeer-251	1	7	empirical	empirical	ADJ
ajeer-251	1	8	research	research	NOUN
ajeer-251	1	9	vol	vol	NOUN
ajeer-251	1	10	.	.	PROPN
ajeer-251	1	11	5	5	NUM
ajeer-251	1	12	,	,	PUNCT
ajeer-251	1	13	no	no	INTJ
ajeer-251	1	14	.	.	NOUN
ajeer-251	1	15	2	2	NUM
ajeer-251	1	16	,	,	PUNCT
ajeer-251	1	17	112	112	NUM
ajeer-251	1	18	-	-	SYM
ajeer-251	1	19	120	120	NUM
ajeer-251	1	20	,	,	PUNCT
ajeer-251	1	21	2018	2018	NUM
ajeer-251	1	22	issn(e	issn(e	NOUN
ajeer-251	1	23	)	)	PUNCT
ajeer-251	1	24	2409	2409	NUM
ajeer-251	1	25	-	-	SYM
ajeer-251	1	26	2622	2622	NUM
ajeer-251	1	27	/	/	SYM
ajeer-251	1	28	issn(p	issn(p	PROPN
ajeer-251	1	29	)	)	PUNCT
ajeer-251	1	30	2518	2518	NUM
ajeer-251	1	31	-	-	PUNCT
ajeer-251	1	32	010x	010x	ADJ
ajeer-251	1	33	doi	doi	NOUN
ajeer-251	1	34	:	:	PUNCT
ajeer-251	1	35	10.20448	10.20448	NUM
ajeer-251	1	36	/	/	SYM
ajeer-251	1	37	journal.501.2018.52.112.120	journal.501.2018.52.112.120	PROPN
ajeer-251	1	38	does	do	VERB
ajeer-251	1	39	financial	financial	ADJ
ajeer-251	1	40	and	and	CCONJ
ajeer-251	1	41	trade	trade	NOUN
ajeer-251	1	42	liberalization	liberalization	NOUN
ajeer-251	1	43	drive	drive	VERB
ajeer-251	1	44	private	private	ADJ
ajeer-251	1	45	investment	investment	NOUN
ajeer-251	1	46	in	in	ADP
ajeer-251	1	47	pakistan	pakistan	PROPN
ajeer-251	1	48	?	?	PUNCT
ajeer-251	2	1	qazi	qazi	PROPN
ajeer-251	2	2	muhammad	muhammad	PROPN
ajeer-251	2	3	adnan	adnan	PROPN
ajeer-251	2	4	hye1	hye1	PROPN
ajeer-251	2	5			PROPN
ajeer-251	2	6	wee	wee	PROPN
ajeer-251	2	7	-	-	PUNCT
ajeer-251	2	8	yeap	yeap	PROPN
ajeer-251	2	9	lau2	lau2	PROPN
ajeer-251	2	10	(	(	PUNCT
ajeer-251	2	11			PROPN
ajeer-251	2	12	corresponding	correspond	VERB
ajeer-251	2	13	author	author	NOUN
ajeer-251	2	14	)	)	PUNCT
ajeer-251	2	15	1	1	NUM
ajeer-251	2	16	adjunct	adjunct	ADJ
ajeer-251	2	17	faculty	faculty	NOUN
ajeer-251	2	18	,	,	PUNCT
ajeer-251	2	19	mohammad	mohammad	PROPN
ajeer-251	2	20	ali	ali	PROPN
ajeer-251	2	21	jinnah	jinnah	PROPN
ajeer-251	2	22	university	university	PROPN
ajeer-251	2	23	,	,	PUNCT
ajeer-251	2	24	karachi	karachi	PROPN
ajeer-251	2	25	,	,	PUNCT
ajeer-251	2	26	pakistan	pakistan	PROPN
ajeer-251	2	27	2faculty	2faculty	NUM
ajeer-251	2	28	of	of	ADP
ajeer-251	2	29	economics	economic	NOUN
ajeer-251	2	30	and	and	CCONJ
ajeer-251	2	31	administration	administration	PROPN
ajeer-251	2	32	university	university	PROPN
ajeer-251	2	33	of	of	ADP
ajeer-251	2	34	malaya	malaya	PROPN
ajeer-251	2	35	,	,	PUNCT
ajeer-251	2	36	malaysia	malaysia	PROPN
ajeer-251	2	37	abstract	abstract	NOUN
ajeer-251	2	38	there	there	PRON
ajeer-251	2	39	is	be	VERB
ajeer-251	2	40	evidence	evidence	NOUN
ajeer-251	2	41	in	in	ADP
ajeer-251	2	42	economic	economic	ADJ
ajeer-251	2	43	growth	growth	NOUN
ajeer-251	2	44	literature	literature	NOUN
ajeer-251	2	45	that	that	PRON
ajeer-251	2	46	private	private	ADJ
ajeer-251	2	47	investment	investment	NOUN
ajeer-251	2	48	enhances	enhance	VERB
ajeer-251	2	49	economic	economic	ADJ
ajeer-251	2	50	growth	growth	NOUN
ajeer-251	2	51	of	of	ADP
ajeer-251	2	52	developing	develop	VERB
ajeer-251	2	53	countries	country	NOUN
ajeer-251	2	54	.	.	PUNCT
ajeer-251	3	1	recent	recent	ADJ
ajeer-251	3	2	economic	economic	ADJ
ajeer-251	3	3	growth	growth	NOUN
ajeer-251	3	4	policies	policy	NOUN
ajeer-251	3	5	in	in	ADP
ajeer-251	3	6	pakistan	pakistan	PROPN
ajeer-251	3	7	has	have	AUX
ajeer-251	3	8	concentrated	concentrate	VERB
ajeer-251	3	9	more	more	ADV
ajeer-251	3	10	on	on	ADP
ajeer-251	3	11	encouraging	encourage	VERB
ajeer-251	3	12	private	private	ADJ
ajeer-251	3	13	sector	sector	NOUN
ajeer-251	3	14	investment	investment	NOUN
ajeer-251	3	15	through	through	ADP
ajeer-251	3	16	the	the	DET
ajeer-251	3	17	liberalization	liberalization	NOUN
ajeer-251	3	18	of	of	ADP
ajeer-251	3	19	the	the	DET
ajeer-251	3	20	financial	financial	ADJ
ajeer-251	3	21	and	and	CCONJ
ajeer-251	3	22	trade	trade	NOUN
ajeer-251	3	23	sectors	sector	NOUN
ajeer-251	3	24	.	.	PUNCT
ajeer-251	4	1	however	however	ADV
ajeer-251	4	2	,	,	PUNCT
ajeer-251	4	3	previous	previous	ADJ
ajeer-251	4	4	studies	study	NOUN
ajeer-251	4	5	have	have	AUX
ajeer-251	4	6	ignored	ignore	VERB
ajeer-251	4	7	the	the	DET
ajeer-251	4	8	impact	impact	NOUN
ajeer-251	4	9	of	of	ADP
ajeer-251	4	10	trade	trade	NOUN
ajeer-251	4	11	and	and	CCONJ
ajeer-251	4	12	financial	financial	ADJ
ajeer-251	4	13	liberalization	liberalization	NOUN
ajeer-251	4	14	on	on	ADP
ajeer-251	4	15	private	private	ADJ
ajeer-251	4	16	investment	investment	NOUN
ajeer-251	4	17	.	.	PUNCT
ajeer-251	5	1	this	this	DET
ajeer-251	5	2	study	study	NOUN
ajeer-251	5	3	investigates	investigate	VERB
ajeer-251	5	4	the	the	DET
ajeer-251	5	5	shortand	shortand	NOUN
ajeer-251	5	6	long	long	ADV
ajeer-251	5	7	-	-	PUNCT
ajeer-251	5	8	run	run	VERB
ajeer-251	5	9	impact	impact	NOUN
ajeer-251	5	10	of	of	ADP
ajeer-251	5	11	financial	financial	ADJ
ajeer-251	5	12	and	and	CCONJ
ajeer-251	5	13	trade	trade	NOUN
ajeer-251	5	14	liberalization	liberalization	NOUN
ajeer-251	5	15	on	on	ADP
ajeer-251	5	16	private	private	ADJ
ajeer-251	5	17	investment	investment	NOUN
ajeer-251	5	18	in	in	ADP
ajeer-251	5	19	pakistan	pakistan	PROPN
ajeer-251	5	20	.	.	PUNCT
ajeer-251	6	1	using	use	VERB
ajeer-251	6	2	the	the	DET
ajeer-251	6	3	data	datum	NOUN
ajeer-251	6	4	from	from	ADP
ajeer-251	6	5	1971	1971	NUM
ajeer-251	6	6	–	–	PUNCT
ajeer-251	6	7	2014	2014	NUM
ajeer-251	6	8	on	on	ADP
ajeer-251	6	9	the	the	DET
ajeer-251	6	10	ardl	ardl	NOUN
ajeer-251	6	11	bounds	bound	NOUN
ajeer-251	6	12	testing	test	VERB
ajeer-251	6	13	approach	approach	NOUN
ajeer-251	6	14	to	to	ADP
ajeer-251	6	15	cointegration	cointegration	NOUN
ajeer-251	6	16	,	,	PUNCT
ajeer-251	6	17	our	our	PRON
ajeer-251	6	18	result	result	NOUN
ajeer-251	6	19	suggests	suggest	VERB
ajeer-251	6	20	that	that	SCONJ
ajeer-251	6	21	:	:	PUNCT
ajeer-251	6	22	first	first	ADV
ajeer-251	6	23	,	,	PUNCT
ajeer-251	6	24	per	per	ADP
ajeer-251	6	25	capita	capita	X
ajeer-251	6	26	real	real	ADJ
ajeer-251	6	27	private	private	ADJ
ajeer-251	6	28	income	income	NOUN
ajeer-251	6	29	,	,	PUNCT
ajeer-251	6	30	public	public	ADJ
ajeer-251	6	31	investment	investment	NOUN
ajeer-251	6	32	,	,	PUNCT
ajeer-251	6	33	and	and	CCONJ
ajeer-251	6	34	financial	financial	ADJ
ajeer-251	6	35	liberalization	liberalization	NOUN
ajeer-251	6	36	are	be	AUX
ajeer-251	6	37	positively	positively	ADV
ajeer-251	6	38	related	relate	VERB
ajeer-251	6	39	to	to	ADP
ajeer-251	6	40	private	private	ADJ
ajeer-251	6	41	investment	investment	NOUN
ajeer-251	6	42	in	in	ADP
ajeer-251	6	43	the	the	DET
ajeer-251	6	44	long	long	ADJ
ajeer-251	6	45	run	run	NOUN
ajeer-251	6	46	;	;	PUNCT
ajeer-251	6	47	second	second	ADJ
ajeer-251	6	48	,	,	PUNCT
ajeer-251	6	49	real	real	ADJ
ajeer-251	6	50	interest	interest	NOUN
ajeer-251	6	51	rate	rate	NOUN
ajeer-251	6	52	and	and	CCONJ
ajeer-251	6	53	trade	trade	NOUN
ajeer-251	6	54	openness	openness	NOUN
ajeer-251	6	55	are	be	AUX
ajeer-251	6	56	negatively	negatively	ADV
ajeer-251	6	57	related	relate	VERB
ajeer-251	6	58	to	to	ADP
ajeer-251	6	59	private	private	ADJ
ajeer-251	6	60	investment	investment	NOUN
ajeer-251	6	61	in	in	ADP
ajeer-251	6	62	the	the	DET
ajeer-251	6	63	long	long	ADJ
ajeer-251	6	64	run	run	NOUN
ajeer-251	6	65	;	;	PUNCT
ajeer-251	6	66	and	and	CCONJ
ajeer-251	6	67	finally	finally	ADV
ajeer-251	6	68	,	,	PUNCT
ajeer-251	6	69	the	the	DET
ajeer-251	6	70	short	short	ADJ
ajeer-251	6	71	-	-	PUNCT
ajeer-251	6	72	run	run	NOUN
ajeer-251	6	73	results	result	NOUN
ajeer-251	6	74	indicate	indicate	VERB
ajeer-251	6	75	that	that	SCONJ
ajeer-251	6	76	capital	capital	NOUN
ajeer-251	6	77	account	account	NOUN
ajeer-251	6	78	liberalization	liberalization	NOUN
ajeer-251	6	79	and	and	CCONJ
ajeer-251	6	80	financial	financial	ADJ
ajeer-251	6	81	openness	openness	NOUN
ajeer-251	6	82	are	be	AUX
ajeer-251	6	83	positively	positively	ADV
ajeer-251	6	84	associated	associate	VERB
ajeer-251	6	85	with	with	ADP
ajeer-251	6	86	private	private	ADJ
ajeer-251	6	87	savings	saving	NOUN
ajeer-251	6	88	.	.	PUNCT
ajeer-251	7	1	keywords	keyword	NOUN
ajeer-251	7	2	:	:	PUNCT
ajeer-251	7	3	financial	financial	ADJ
ajeer-251	7	4	and	and	CCONJ
ajeer-251	7	5	trade	trade	NOUN
ajeer-251	7	6	liberalization	liberalization	NOUN
ajeer-251	7	7	,	,	PUNCT
ajeer-251	7	8	private	private	ADJ
ajeer-251	7	9	savings	saving	NOUN
ajeer-251	7	10	,	,	PUNCT
ajeer-251	7	11	ardl	ardl	NOUN
ajeer-251	7	12	,	,	PUNCT
ajeer-251	7	13	pakistan	pakistan	PROPN
ajeer-251	7	14	jel	jel	PROPN
ajeer-251	7	15	classification	classification	PROPN
ajeer-251	7	16	:	:	PUNCT
ajeer-251	7	17	e21	e21	NUM
ajeer-251	7	18	;	;	PUNCT
ajeer-251	7	19	f43	f43	NOUN
ajeer-251	7	20	;	;	PUNCT
ajeer-251	7	21	f60	f60	NOUN
ajeer-251	7	22	.	.	PUNCT
ajeer-251	8	1	citation	citation	NOUN
ajeer-251	8	2	|	|	PROPN
ajeer-251	8	3	qazi	qazi	PROPN
ajeer-251	8	4	muhammad	muhammad	PROPN
ajeer-251	8	5	adnan	adnan	PROPN
ajeer-251	8	6	hye	hye	PROPN
ajeer-251	8	7	;	;	PUNCT
ajeer-251	8	8	wee	wee	PROPN
ajeer-251	8	9	-	-	PUNCT
ajeer-251	8	10	yeap	yeap	PROPN
ajeer-251	8	11	lau	lau	PROPN
ajeer-251	8	12	(	(	PUNCT
ajeer-251	8	13	2018	2018	NUM
ajeer-251	8	14	)	)	PUNCT
ajeer-251	8	15	.	.	PUNCT
ajeer-251	9	1	does	do	VERB
ajeer-251	9	2	financial	financial	ADJ
ajeer-251	9	3	and	and	CCONJ
ajeer-251	9	4	trade	trade	NOUN
ajeer-251	9	5	liberalization	liberalization	NOUN
ajeer-251	9	6	drive	drive	VERB
ajeer-251	9	7	private	private	ADJ
ajeer-251	9	8	investment	investment	NOUN
ajeer-251	9	9	in	in	ADP
ajeer-251	9	10	pakistan	pakistan	PROPN
ajeer-251	9	11	?	?	PUNCT
ajeer-251	10	1	asian	asian	ADJ
ajeer-251	10	2	journal	journal	NOUN
ajeer-251	10	3	of	of	ADP
ajeer-251	10	4	economics	economic	NOUN
ajeer-251	10	5	and	and	CCONJ
ajeer-251	10	6	empirical	empirical	ADJ
ajeer-251	10	7	research	research	NOUN
ajeer-251	10	8	,	,	PUNCT
ajeer-251	10	9	5(2	5(2	NUM
ajeer-251	10	10	):	):	PUNCT
ajeer-251	10	11	112	112	NUM
ajeer-251	10	12	-	-	SYM
ajeer-251	10	13	120	120	NUM
ajeer-251	10	14	.	.	PUNCT
ajeer-251	11	1	history	history	NOUN
ajeer-251	11	2	:	:	PUNCT
ajeer-251	11	3	received	receive	VERB
ajeer-251	11	4	:	:	PUNCT
ajeer-251	11	5	23	23	NUM
ajeer-251	11	6	march	march	NOUN
ajeer-251	11	7	2018	2018	NUM
ajeer-251	11	8	revised	revise	VERB
ajeer-251	11	9	:	:	PUNCT
ajeer-251	11	10	1	1	NUM
ajeer-251	11	11	august	august	PROPN
ajeer-251	11	12	2018	2018	NUM
ajeer-251	11	13	accepted	accept	VERB
ajeer-251	11	14	:	:	PUNCT
ajeer-251	11	15	15	15	NUM
ajeer-251	11	16	august	august	PROPN
ajeer-251	11	17	2018	2018	NUM
ajeer-251	11	18	published	publish	VERB
ajeer-251	11	19	:	:	PUNCT
ajeer-251	11	20	10	10	NUM
ajeer-251	11	21	september	september	PROPN
ajeer-251	11	22	2018	2018	NUM
ajeer-251	11	23	licensed	license	VERB
ajeer-251	11	24	:	:	PUNCT
ajeer-251	11	25	this	this	DET
ajeer-251	11	26	work	work	NOUN
ajeer-251	11	27	is	be	AUX
ajeer-251	11	28	licensed	license	VERB
ajeer-251	11	29	under	under	ADP
ajeer-251	11	30	a	a	DET
ajeer-251	11	31	creative	creative	ADJ
ajeer-251	11	32	commons	common	NOUN
ajeer-251	11	33	attribution	attribution	NOUN
ajeer-251	11	34	3.0	3.0	NUM
ajeer-251	11	35	license	license	NOUN
ajeer-251	11	36	publisher	publisher	NOUN
ajeer-251	11	37	:	:	PUNCT
ajeer-251	11	38	asian	asian	ADJ
ajeer-251	11	39	online	online	PROPN
ajeer-251	11	40	journal	journal	PROPN
ajeer-251	11	41	publishing	publishing	NOUN
ajeer-251	11	42	group	group	NOUN
ajeer-251	11	43	contribution	contribution	NOUN
ajeer-251	11	44	/	/	SYM
ajeer-251	11	45	acknowledgement	acknowledgement	NOUN
ajeer-251	11	46	:	:	PUNCT
ajeer-251	11	47	both	both	DET
ajeer-251	11	48	authors	author	NOUN
ajeer-251	11	49	contributed	contribute	VERB
ajeer-251	11	50	to	to	ADP
ajeer-251	11	51	the	the	DET
ajeer-251	11	52	conception	conception	NOUN
ajeer-251	11	53	and	and	CCONJ
ajeer-251	11	54	design	design	NOUN
ajeer-251	11	55	of	of	ADP
ajeer-251	11	56	the	the	DET
ajeer-251	11	57	study	study	NOUN
ajeer-251	11	58	.	.	PUNCT
ajeer-251	12	1	funding	funding	NOUN
ajeer-251	12	2	:	:	PUNCT
ajeer-251	12	3	this	this	DET
ajeer-251	12	4	study	study	NOUN
ajeer-251	12	5	received	receive	VERB
ajeer-251	12	6	no	no	DET
ajeer-251	12	7	specific	specific	ADJ
ajeer-251	12	8	financial	financial	ADJ
ajeer-251	12	9	support	support	NOUN
ajeer-251	12	10	.	.	PUNCT
ajeer-251	13	1	competing	compete	VERB
ajeer-251	13	2	interests	interest	NOUN
ajeer-251	13	3	:	:	PUNCT
ajeer-251	13	4	the	the	DET
ajeer-251	13	5	authors	author	NOUN
ajeer-251	13	6	declare	declare	VERB
ajeer-251	13	7	that	that	SCONJ
ajeer-251	13	8	they	they	PRON
ajeer-251	13	9	have	have	VERB
ajeer-251	13	10	no	no	DET
ajeer-251	13	11	conflict	conflict	NOUN
ajeer-251	13	12	of	of	ADP
ajeer-251	13	13	interests	interest	NOUN
ajeer-251	13	14	.	.	PUNCT
ajeer-251	14	1	transparency	transparency	NOUN
ajeer-251	14	2	:	:	PUNCT
ajeer-251	14	3	the	the	DET
ajeer-251	14	4	authors	author	NOUN
ajeer-251	14	5	confirm	confirm	VERB
ajeer-251	14	6	that	that	SCONJ
ajeer-251	14	7	the	the	DET
ajeer-251	14	8	manuscript	manuscript	NOUN
ajeer-251	14	9	is	be	AUX
ajeer-251	14	10	an	an	DET
ajeer-251	14	11	honest	honest	ADJ
ajeer-251	14	12	,	,	PUNCT
ajeer-251	14	13	accurate	accurate	ADJ
ajeer-251	14	14	,	,	PUNCT
ajeer-251	14	15	and	and	CCONJ
ajeer-251	14	16	transparent	transparent	ADJ
ajeer-251	14	17	account	account	NOUN
ajeer-251	14	18	of	of	ADP
ajeer-251	14	19	the	the	DET
ajeer-251	14	20	study	study	NOUN
ajeer-251	14	21	was	be	AUX
ajeer-251	14	22	reported	report	VERB
ajeer-251	14	23	;	;	PUNCT
ajeer-251	14	24	that	that	SCONJ
ajeer-251	14	25	no	no	DET
ajeer-251	14	26	vital	vital	ADJ
ajeer-251	14	27	features	feature	NOUN
ajeer-251	14	28	of	of	ADP
ajeer-251	14	29	the	the	DET
ajeer-251	14	30	study	study	NOUN
ajeer-251	14	31	have	have	AUX
ajeer-251	14	32	been	be	AUX
ajeer-251	14	33	omitted	omit	VERB
ajeer-251	14	34	;	;	PUNCT
ajeer-251	14	35	and	and	CCONJ
ajeer-251	14	36	that	that	SCONJ
ajeer-251	14	37	any	any	DET
ajeer-251	14	38	discrepancies	discrepancy	NOUN
ajeer-251	14	39	from	from	ADP
ajeer-251	14	40	the	the	DET
ajeer-251	14	41	study	study	NOUN
ajeer-251	14	42	as	as	SCONJ
ajeer-251	14	43	planned	plan	VERB
ajeer-251	14	44	have	have	AUX
ajeer-251	14	45	been	be	AUX
ajeer-251	14	46	explained	explain	VERB
ajeer-251	14	47	.	.	PUNCT
ajeer-251	15	1	ethical	ethical	ADJ
ajeer-251	15	2	:	:	PUNCT
ajeer-251	15	3	this	this	DET
ajeer-251	15	4	study	study	NOUN
ajeer-251	15	5	follows	follow	VERB
ajeer-251	15	6	all	all	DET
ajeer-251	15	7	ethical	ethical	ADJ
ajeer-251	15	8	practices	practice	NOUN
ajeer-251	15	9	during	during	ADP
ajeer-251	15	10	writing	writing	NOUN
ajeer-251	15	11	.	.	PUNCT
ajeer-251	16	1	contents	content	NOUN
ajeer-251	16	2	1	1	NUM
ajeer-251	16	3	.	.	PUNCT
ajeer-251	17	1	introduction	introduction	NOUN
ajeer-251	17	2	....................................................................................................................................................................................	....................................................................................................................................................................................	VERB
ajeer-251	17	3	113	113	NUM
ajeer-251	17	4	2	2	NUM
ajeer-251	17	5	.	.	PUNCT
ajeer-251	17	6	financial	financial	ADJ
ajeer-251	17	7	and	and	CCONJ
ajeer-251	17	8	trade	trade	NOUN
ajeer-251	17	9	reforms	reform	NOUN
ajeer-251	17	10	......................................................................................................................................................	......................................................................................................................................................	PUNCT
ajeer-251	17	11	114	114	NUM
ajeer-251	17	12	3	3	NUM
ajeer-251	17	13	.	.	PUNCT
ajeer-251	17	14	theoretical	theoretical	ADJ
ajeer-251	17	15	framework	framework	NOUN
ajeer-251	17	16	................................................................................................................................................................	................................................................................................................................................................	PUNCT
ajeer-251	18	1	114	114	NUM
ajeer-251	18	2	4	4	NUM
ajeer-251	18	3	.	.	PUNCT
ajeer-251	18	4	estimation	estimation	NOUN
ajeer-251	18	5	methodology	methodology	NOUN
ajeer-251	18	6	and	and	CCONJ
ajeer-251	18	7	construction	construction	NOUN
ajeer-251	18	8	of	of	ADP
ajeer-251	18	9	variables	variable	NOUN
ajeer-251	18	10	......................................................................................................	......................................................................................................	PUNCT
ajeer-251	19	1	116	116	NUM
ajeer-251	19	2	5	5	NUM
ajeer-251	19	3	.	.	PUNCT
ajeer-251	19	4	estimation	estimation	NOUN
ajeer-251	19	5	results	result	NOUN
ajeer-251	19	6	.........................................................................................................................................................................	.........................................................................................................................................................................	PUNCT
ajeer-251	19	7	117	117	NUM
ajeer-251	19	8	6	6	NUM
ajeer-251	19	9	.	.	PUNCT
ajeer-251	20	1	conclusion	conclusion	NOUN
ajeer-251	20	2	.......................................................................................................................................................................................	.......................................................................................................................................................................................	PUNCT
ajeer-251	21	1	119	119	NUM
ajeer-251	21	2	references	reference	NOUN
ajeer-251	21	3	............................................................................................................................................................................................	............................................................................................................................................................................................	VERB
ajeer-251	21	4	119	119	NUM
ajeer-251	21	5	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2018.52.112.120&domain=pdf&date_stamp=2017-01-14	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.501.2018.52.112.120&domain=pdf&date_stamp=2017-01-14	PROPN
ajeer-251	21	6	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-251	21	7	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
ajeer-251	21	8	http://asianonlinejournals.com/index.php/ajeer/article/view/251	http://asianonlinejournals.com/index.php/ajeer/article/view/251	PROPN
ajeer-251	21	9	http://asianonlinejournals.com/index.php/ajeer/article/view/251	http://asianonlinejournals.com/index.php/ajeer/article/view/251	PROPN
ajeer-251	21	10	asian	asian	ADJ
ajeer-251	21	11	journal	journal	NOUN
ajeer-251	21	12	of	of	ADP
ajeer-251	21	13	economics	economic	NOUN
ajeer-251	21	14	and	and	CCONJ
ajeer-251	21	15	empirical	empirical	ADJ
ajeer-251	21	16	research	research	NOUN
ajeer-251	21	17	,	,	PUNCT
ajeer-251	21	18	2018	2018	NUM
ajeer-251	21	19	,	,	PUNCT
ajeer-251	21	20	5(2	5(2	NUM
ajeer-251	21	21	):	):	PUNCT
ajeer-251	21	22	112	112	NUM
ajeer-251	21	23	-	-	SYM
ajeer-251	21	24	120	120	NUM
ajeer-251	21	25	113	113	NUM
ajeer-251	21	26	1	1	NUM
ajeer-251	21	27	.	.	PUNCT
ajeer-251	22	1	introduction	introduction	NOUN
ajeer-251	22	2	according	accord	VERB
ajeer-251	22	3	to	to	ADP
ajeer-251	22	4	the	the	DET
ajeer-251	22	5	neoclassical	neoclassical	ADJ
ajeer-251	22	6	framework	framework	NOUN
ajeer-251	22	7	of	of	ADP
ajeer-251	22	8	the	the	DET
ajeer-251	22	9	repressed	repressed	ADJ
ajeer-251	22	10	financial	financial	ADJ
ajeer-251	22	11	systems	system	NOUN
ajeer-251	22	12	,	,	PUNCT
ajeer-251	22	13	firms	firm	NOUN
ajeer-251	22	14	do	do	AUX
ajeer-251	22	15	not	not	PART
ajeer-251	22	16	get	get	VERB
ajeer-251	22	17	an	an	DET
ajeer-251	22	18	unlimited	unlimited	ADJ
ajeer-251	22	19	supply	supply	NOUN
ajeer-251	22	20	of	of	ADP
ajeer-251	22	21	credit	credit	NOUN
ajeer-251	22	22	.	.	PUNCT
ajeer-251	23	1	the	the	DET
ajeer-251	23	2	neoclassical	neoclassical	ADJ
ajeer-251	23	3	framework	framework	NOUN
ajeer-251	23	4	assumes	assume	VERB
ajeer-251	23	5	that	that	SCONJ
ajeer-251	23	6	perfectly	perfectly	ADV
ajeer-251	23	7	competitive	competitive	ADJ
ajeer-251	23	8	markets	market	NOUN
ajeer-251	23	9	prevail	prevail	VERB
ajeer-251	23	10	.	.	PUNCT
ajeer-251	24	1	stiglitz	stiglitz	PROPN
ajeer-251	24	2	and	and	CCONJ
ajeer-251	24	3	weiss	weiss	PROPN
ajeer-251	24	4	(	(	PUNCT
ajeer-251	24	5	1981	1981	NUM
ajeer-251	24	6	)	)	PUNCT
ajeer-251	24	7	state	state	NOUN
ajeer-251	24	8	developing	develop	VERB
ajeer-251	24	9	countries	country	NOUN
ajeer-251	24	10	frequently	frequently	ADV
ajeer-251	24	11	face	face	VERB
ajeer-251	24	12	credit	credit	NOUN
ajeer-251	24	13	restraints	restraint	NOUN
ajeer-251	24	14	due	due	ADJ
ajeer-251	24	15	to	to	ADP
ajeer-251	24	16	market	market	NOUN
ajeer-251	24	17	imperfections	imperfection	NOUN
ajeer-251	24	18	such	such	ADJ
ajeer-251	24	19	as	as	ADP
ajeer-251	24	20	unequal	unequal	ADJ
ajeer-251	24	21	information	information	NOUN
ajeer-251	24	22	.	.	PUNCT
ajeer-251	25	1	the	the	DET
ajeer-251	25	2	imperfect	imperfect	ADJ
ajeer-251	25	3	credit	credit	NOUN
ajeer-251	25	4	market	market	NOUN
ajeer-251	25	5	stops	stop	VERB
ajeer-251	25	6	firms	firm	NOUN
ajeer-251	25	7	from	from	ADP
ajeer-251	25	8	acquiring	acquire	VERB
ajeer-251	25	9	enough	enough	ADJ
ajeer-251	25	10	borrowing	borrowing	NOUN
ajeer-251	25	11	.	.	PUNCT
ajeer-251	26	1	this	this	DET
ajeer-251	26	2	type	type	NOUN
ajeer-251	26	3	of	of	ADP
ajeer-251	26	4	restraint	restraint	NOUN
ajeer-251	26	5	generally	generally	ADV
ajeer-251	26	6	discourages	discourage	VERB
ajeer-251	26	7	the	the	DET
ajeer-251	26	8	investment	investment	NOUN
ajeer-251	26	9	activities	activity	NOUN
ajeer-251	26	10	.	.	PUNCT
ajeer-251	27	1	the	the	DET
ajeer-251	27	2	study	study	NOUN
ajeer-251	27	3	of	of	ADP
ajeer-251	27	4	ang	ang	PROPN
ajeer-251	27	5	and	and	CCONJ
ajeer-251	27	6	mckibbin	mckibbin	NOUN
ajeer-251	27	7	(	(	PUNCT
ajeer-251	27	8	2007	2007	NUM
ajeer-251	27	9	)	)	PUNCT
ajeer-251	27	10	test	test	NOUN
ajeer-251	27	11	the	the	DET
ajeer-251	27	12	influence	influence	NOUN
ajeer-251	27	13	of	of	ADP
ajeer-251	27	14	financial	financial	ADJ
ajeer-251	27	15	deregulation	deregulation	NOUN
ajeer-251	27	16	on	on	ADP
ajeer-251	27	17	private	private	ADJ
ajeer-251	27	18	investment	investment	NOUN
ajeer-251	27	19	in	in	ADP
ajeer-251	27	20	the	the	DET
ajeer-251	27	21	case	case	NOUN
ajeer-251	27	22	of	of	ADP
ajeer-251	27	23	malaysia	malaysia	PROPN
ajeer-251	27	24	.	.	PUNCT
ajeer-251	28	1	they	they	PRON
ajeer-251	28	2	suggest	suggest	VERB
ajeer-251	28	3	that	that	SCONJ
ajeer-251	28	4	an	an	DET
ajeer-251	28	5	appropriate	appropriate	ADJ
ajeer-251	28	6	mix	mix	NOUN
ajeer-251	28	7	of	of	ADP
ajeer-251	28	8	financial	financial	ADJ
ajeer-251	28	9	liberalization	liberalization	NOUN
ajeer-251	28	10	and	and	CCONJ
ajeer-251	28	11	repression	repression	NOUN
ajeer-251	28	12	strategies	strategy	NOUN
ajeer-251	28	13	effective	effective	ADJ
ajeer-251	28	14	in	in	ADP
ajeer-251	28	15	stimulating	stimulate	VERB
ajeer-251	28	16	private	private	ADJ
ajeer-251	28	17	investment	investment	NOUN
ajeer-251	28	18	.	.	PUNCT
ajeer-251	29	1	neo	neo	NOUN
ajeer-251	29	2	-	-	NOUN
ajeer-251	29	3	structuralist	structuralist	ADJ
ajeer-251	29	4	van	van	PROPN
ajeer-251	29	5	wijnbergen	wijnbergen	PROPN
ajeer-251	29	6	(	(	PUNCT
ajeer-251	29	7	1982	1982	NUM
ajeer-251	29	8	)	)	PUNCT
ajeer-251	29	9	and	and	CCONJ
ajeer-251	29	10	taylor	taylor	PROPN
ajeer-251	29	11	(	(	PUNCT
ajeer-251	29	12	1983	1983	NUM
ajeer-251	29	13	)	)	PUNCT
ajeer-251	29	14	state	state	NOUN
ajeer-251	29	15	that	that	PRON
ajeer-251	29	16	lower	low	ADJ
ajeer-251	29	17	tax	tax	NOUN
ajeer-251	29	18	collection	collection	NOUN
ajeer-251	29	19	and	and	CCONJ
ajeer-251	29	20	higher	high	ADJ
ajeer-251	29	21	government	government	NOUN
ajeer-251	29	22	borrowing	borrowing	NOUN
ajeer-251	29	23	can	can	AUX
ajeer-251	29	24	cause	cause	VERB
ajeer-251	29	25	financial	financial	ADJ
ajeer-251	29	26	systems	system	NOUN
ajeer-251	29	27	to	to	PART
ajeer-251	29	28	reduce	reduce	VERB
ajeer-251	29	29	credit	credit	NOUN
ajeer-251	29	30	flow	flow	NOUN
ajeer-251	29	31	to	to	ADP
ajeer-251	29	32	the	the	DET
ajeer-251	29	33	private	private	ADJ
ajeer-251	29	34	sector	sector	NOUN
ajeer-251	29	35	.	.	PUNCT
ajeer-251	30	1	the	the	DET
ajeer-251	30	2	official	official	ADJ
ajeer-251	30	3	financial	financial	ADJ
ajeer-251	30	4	systems	system	NOUN
ajeer-251	30	5	focus	focus	VERB
ajeer-251	30	6	on	on	ADP
ajeer-251	30	7	reserve	reserve	NOUN
ajeer-251	30	8	requirements	requirement	NOUN
ajeer-251	30	9	that	that	PRON
ajeer-251	30	10	show	show	VERB
ajeer-251	30	11	leakage	leakage	NOUN
ajeer-251	30	12	in	in	ADP
ajeer-251	30	13	the	the	DET
ajeer-251	30	14	intermediation	intermediation	NOUN
ajeer-251	30	15	process	process	NOUN
ajeer-251	30	16	.	.	PUNCT
ajeer-251	31	1	the	the	DET
ajeer-251	31	2	neo	neo	NOUN
ajeer-251	31	3	-	-	NOUN
ajeer-251	31	4	structuralists	structuralist	NOUN
ajeer-251	31	5	claim	claim	VERB
ajeer-251	31	6	that	that	SCONJ
ajeer-251	31	7	unorganized	unorganized	ADJ
ajeer-251	31	8	markets	market	NOUN
ajeer-251	31	9	perform	perform	VERB
ajeer-251	31	10	more	more	ADV
ajeer-251	31	11	efficiently	efficiently	ADV
ajeer-251	31	12	in	in	ADP
ajeer-251	31	13	intermediating	intermediate	VERB
ajeer-251	31	14	savers	saver	NOUN
ajeer-251	31	15	and	and	CCONJ
ajeer-251	31	16	investors	investor	NOUN
ajeer-251	31	17	.	.	PUNCT
ajeer-251	32	1	stiglitz	stiglitz	PROPN
ajeer-251	32	2	(	(	PUNCT
ajeer-251	32	3	1994a	1994a	NUM
ajeer-251	32	4	)	)	PUNCT
ajeer-251	32	5	claims	claim	NOUN
ajeer-251	32	6	that	that	SCONJ
ajeer-251	32	7	restraint	restraint	NOUN
ajeer-251	32	8	interest	interest	NOUN
ajeer-251	32	9	rate	rate	NOUN
ajeer-251	32	10	may	may	AUX
ajeer-251	32	11	increase	increase	VERB
ajeer-251	32	12	savings	saving	NOUN
ajeer-251	32	13	in	in	ADP
ajeer-251	32	14	the	the	DET
ajeer-251	32	15	financial	financial	ADJ
ajeer-251	32	16	system	system	NOUN
ajeer-251	32	17	with	with	ADP
ajeer-251	32	18	the	the	DET
ajeer-251	32	19	existence	existence	NOUN
ajeer-251	32	20	of	of	ADP
ajeer-251	32	21	good	good	ADJ
ajeer-251	32	22	governance	governance	NOUN
ajeer-251	32	23	.	.	PUNCT
ajeer-251	33	1	he	he	PRON
ajeer-251	33	2	explains	explain	VERB
ajeer-251	33	3	that	that	SCONJ
ajeer-251	33	4	depositor	depositor	NOUN
ajeer-251	33	5	may	may	AUX
ajeer-251	33	6	observe	observe	VERB
ajeer-251	33	7	the	the	DET
ajeer-251	33	8	restriction	restriction	NOUN
ajeer-251	33	9	as	as	ADP
ajeer-251	33	10	a	a	DET
ajeer-251	33	11	strategy	strategy	NOUN
ajeer-251	33	12	of	of	ADP
ajeer-251	33	13	stability	stability	NOUN
ajeer-251	33	14	in	in	ADP
ajeer-251	33	15	the	the	DET
ajeer-251	33	16	financial	financial	ADJ
ajeer-251	33	17	system	system	NOUN
ajeer-251	33	18	;	;	PUNCT
ajeer-251	33	19	the	the	DET
ajeer-251	33	20	saver	saver	NOUN
ajeer-251	33	21	may	may	AUX
ajeer-251	33	22	be	be	AUX
ajeer-251	33	23	keen	keen	ADJ
ajeer-251	33	24	to	to	PART
ajeer-251	33	25	keep	keep	VERB
ajeer-251	33	26	their	their	PRON
ajeer-251	33	27	savings	saving	NOUN
ajeer-251	33	28	in	in	ADP
ajeer-251	33	29	the	the	DET
ajeer-251	33	30	form	form	NOUN
ajeer-251	33	31	of	of	ADP
ajeer-251	33	32	bank	bank	NOUN
ajeer-251	33	33	deposits	deposit	NOUN
ajeer-251	33	34	.	.	PUNCT
ajeer-251	34	1	thus	thus	ADV
ajeer-251	34	2	,	,	PUNCT
ajeer-251	34	3	there	there	PRON
ajeer-251	34	4	is	be	VERB
ajeer-251	34	5	a	a	DET
ajeer-251	34	6	possibility	possibility	NOUN
ajeer-251	34	7	of	of	ADP
ajeer-251	34	8	more	more	ADJ
ajeer-251	34	9	resources	resource	NOUN
ajeer-251	34	10	for	for	ADP
ajeer-251	34	11	investment	investment	NOUN
ajeer-251	34	12	in	in	ADP
ajeer-251	34	13	the	the	DET
ajeer-251	34	14	absence	absence	NOUN
ajeer-251	34	15	of	of	ADP
ajeer-251	34	16	perfect	perfect	ADJ
ajeer-251	34	17	capital	capital	NOUN
ajeer-251	34	18	mobility	mobility	NOUN
ajeer-251	34	19	.	.	PUNCT
ajeer-251	35	1	razin	razin	VERB
ajeer-251	35	2	et	et	PROPN
ajeer-251	35	3	al	al	PROPN
ajeer-251	35	4	.	.	PROPN
ajeer-251	36	1	(	(	PUNCT
ajeer-251	36	2	2002	2002	NUM
ajeer-251	36	3	)	)	PUNCT
ajeer-251	36	4	argue	argue	VERB
ajeer-251	36	5	that	that	SCONJ
ajeer-251	36	6	openness	openness	NOUN
ajeer-251	36	7	may	may	AUX
ajeer-251	36	8	have	have	VERB
ajeer-251	36	9	non	non	ADJ
ajeer-251	36	10	-	-	ADJ
ajeer-251	36	11	traditional	traditional	ADJ
ajeer-251	36	12	links	link	NOUN
ajeer-251	36	13	with	with	ADP
ajeer-251	36	14	investment	investment	NOUN
ajeer-251	36	15	level	level	NOUN
ajeer-251	36	16	and	and	CCONJ
ajeer-251	36	17	its	its	PRON
ajeer-251	36	18	cyclical	cyclical	ADJ
ajeer-251	36	19	behaviour	behaviour	NOUN
ajeer-251	36	20	.	.	PUNCT
ajeer-251	37	1	discrete	discrete	VERB
ajeer-251	37	2	“	"	PUNCT
ajeer-251	37	3	jump	jump	NOUN
ajeer-251	37	4	”	"	PUNCT
ajeer-251	37	5	in	in	ADP
ajeer-251	37	6	the	the	DET
ajeer-251	37	7	level	level	NOUN
ajeer-251	37	8	of	of	ADP
ajeer-251	37	9	investment	investment	NOUN
ajeer-251	37	10	in	in	ADP
ajeer-251	37	11	the	the	DET
ajeer-251	37	12	stage	stage	NOUN
ajeer-251	37	13	of	of	ADP
ajeer-251	37	14	trade	trade	NOUN
ajeer-251	37	15	liberalization	liberalization	NOUN
ajeer-251	37	16	is	be	AUX
ajeer-251	37	17	plausible	plausible	ADJ
ajeer-251	37	18	due	due	ADP
ajeer-251	37	19	to	to	ADP
ajeer-251	37	20	a	a	DET
ajeer-251	37	21	discrete	discrete	ADJ
ajeer-251	37	22	change	change	NOUN
ajeer-251	37	23	in	in	ADP
ajeer-251	37	24	the	the	DET
ajeer-251	37	25	terms	term	NOUN
ajeer-251	37	26	of	of	ADP
ajeer-251	37	27	trade	trade	NOUN
ajeer-251	37	28	which	which	PRON
ajeer-251	37	29	can	can	AUX
ajeer-251	37	30	considerably	considerably	ADV
ajeer-251	37	31	boost	boost	VERB
ajeer-251	37	32	aggregate	aggregate	ADJ
ajeer-251	37	33	investment	investment	NOUN
ajeer-251	37	34	.	.	PUNCT
ajeer-251	38	1	however	however	ADV
ajeer-251	38	2	,	,	PUNCT
ajeer-251	38	3	trade	trade	NOUN
ajeer-251	38	4	openness	openness	NOUN
ajeer-251	38	5	could	could	AUX
ajeer-251	38	6	also	also	ADV
ajeer-251	38	7	lead	lead	VERB
ajeer-251	38	8	to	to	ADP
ajeer-251	38	9	boom	boom	NOUN
ajeer-251	38	10	-	-	PUNCT
ajeer-251	38	11	bust	bust	NOUN
ajeer-251	38	12	cycles	cycle	NOUN
ajeer-251	38	13	in	in	ADP
ajeer-251	38	14	investment	investment	NOUN
ajeer-251	38	15	or	or	CCONJ
ajeer-251	38	16	create	create	VERB
ajeer-251	38	17	multiple	multiple	ADJ
ajeer-251	38	18	-	-	PUNCT
ajeer-251	38	19	equilibrium	equilibrium	NOUN
ajeer-251	38	20	.	.	PUNCT
ajeer-251	39	1	sizable	sizable	ADJ
ajeer-251	39	2	gain	gain	NOUN
ajeer-251	39	3	from	from	ADP
ajeer-251	39	4	globalization	globalization	NOUN
ajeer-251	39	5	can	can	AUX
ajeer-251	39	6	be	be	AUX
ajeer-251	39	7	accrued	accrue	VERB
ajeer-251	39	8	from	from	ADP
ajeer-251	39	9	investment	investment	NOUN
ajeer-251	39	10	-	-	PUNCT
ajeer-251	39	11	boom	boom	NOUN
ajeer-251	39	12	equilibrium	equilibrium	NOUN
ajeer-251	39	13	.	.	PUNCT
ajeer-251	40	1	conversely	conversely	ADV
ajeer-251	40	2	,	,	PUNCT
ajeer-251	40	3	benefits	benefit	NOUN
ajeer-251	40	4	,	,	PUNCT
ajeer-251	40	5	if	if	SCONJ
ajeer-251	40	6	any	any	PRON
ajeer-251	40	7	from	from	ADP
ajeer-251	40	8	investment	investment	NOUN
ajeer-251	40	9	-	-	PUNCT
ajeer-251	40	10	bust	bust	NOUN
ajeer-251	40	11	equilibrium	equilibrium	NOUN
ajeer-251	40	12	is	be	AUX
ajeer-251	40	13	either	either	CCONJ
ajeer-251	40	14	small	small	ADJ
ajeer-251	40	15	or	or	CCONJ
ajeer-251	40	16	negative	negative	ADJ
ajeer-251	40	17	.	.	PUNCT
ajeer-251	41	1	openness	openness	NOUN
ajeer-251	41	2	can	can	AUX
ajeer-251	41	3	disrupt	disrupt	VERB
ajeer-251	41	4	an	an	DET
ajeer-251	41	5	economy	economy	NOUN
ajeer-251	41	6	.	.	PUNCT
ajeer-251	42	1	hellmann	hellmann	PROPN
ajeer-251	42	2	et	et	PROPN
ajeer-251	42	3	al	al	PROPN
ajeer-251	42	4	.	.	PROPN
ajeer-251	43	1	(	(	PUNCT
ajeer-251	43	2	2000	2000	NUM
ajeer-251	43	3	)	)	PUNCT
ajeer-251	43	4	use	use	VERB
ajeer-251	43	5	a	a	DET
ajeer-251	43	6	dynamic	dynamic	ADJ
ajeer-251	43	7	model	model	NOUN
ajeer-251	43	8	to	to	PART
ajeer-251	43	9	show	show	VERB
ajeer-251	43	10	that	that	SCONJ
ajeer-251	43	11	capital	capital	NOUN
ajeer-251	43	12	can	can	AUX
ajeer-251	43	13	be	be	AUX
ajeer-251	43	14	recycled	recycle	VERB
ajeer-251	43	15	in	in	ADP
ajeer-251	43	16	a	a	DET
ajeer-251	43	17	prudent	prudent	ADJ
ajeer-251	43	18	manner	manner	NOUN
ajeer-251	43	19	to	to	PART
ajeer-251	43	20	overcome	overcome	VERB
ajeer-251	43	21	the	the	DET
ajeer-251	43	22	problem	problem	NOUN
ajeer-251	43	23	of	of	ADP
ajeer-251	43	24	moral	moral	ADJ
ajeer-251	43	25	hazard	hazard	NOUN
ajeer-251	43	26	.	.	PUNCT
ajeer-251	44	1	through	through	ADP
ajeer-251	44	2	a	a	DET
ajeer-251	44	3	combination	combination	NOUN
ajeer-251	44	4	of	of	ADP
ajeer-251	44	5	capital	capital	NOUN
ajeer-251	44	6	requirement	requirement	NOUN
ajeer-251	44	7	and	and	CCONJ
ajeer-251	44	8	deposit	deposit	NOUN
ajeer-251	44	9	rate	rate	NOUN
ajeer-251	44	10	controls	control	NOUN
ajeer-251	44	11	,	,	PUNCT
ajeer-251	44	12	banks	bank	NOUN
ajeer-251	44	13	can	can	AUX
ajeer-251	44	14	be	be	AUX
ajeer-251	44	15	incentivized	incentivize	VERB
ajeer-251	44	16	in	in	ADP
ajeer-251	44	17	a	a	DET
ajeer-251	44	18	pareto	pareto	VERB
ajeer-251	44	19	-	-	PUNCT
ajeer-251	44	20	optimal	optimal	ADJ
ajeer-251	44	21	manner	manner	NOUN
ajeer-251	44	22	.	.	PUNCT
ajeer-251	45	1	the	the	DET
ajeer-251	45	2	line	line	NOUN
ajeer-251	45	3	of	of	ADP
ajeer-251	45	4	direct	direct	ADJ
ajeer-251	45	5	credit	credit	NOUN
ajeer-251	45	6	commonly	commonly	ADV
ajeer-251	45	7	allows	allow	VERB
ajeer-251	45	8	controlled	control	VERB
ajeer-251	45	9	distribution	distribution	NOUN
ajeer-251	45	10	of	of	ADP
ajeer-251	45	11	credit	credit	NOUN
ajeer-251	45	12	to	to	ADP
ajeer-251	45	13	priority	priority	NOUN
ajeer-251	45	14	areas	area	NOUN
ajeer-251	45	15	such	such	ADJ
ajeer-251	45	16	as	as	ADP
ajeer-251	45	17	agriculture	agriculture	NOUN
ajeer-251	45	18	and	and	CCONJ
ajeer-251	45	19	industry	industry	NOUN
ajeer-251	45	20	.	.	PUNCT
ajeer-251	46	1	they	they	PRON
ajeer-251	46	2	point	point	VERB
ajeer-251	46	3	out	out	ADP
ajeer-251	46	4	that	that	SCONJ
ajeer-251	46	5	without	without	ADP
ajeer-251	46	6	such	such	ADJ
ajeer-251	46	7	interferences	interference	NOUN
ajeer-251	46	8	,	,	PUNCT
ajeer-251	46	9	banks	bank	NOUN
ajeer-251	46	10	normally	normally	ADV
ajeer-251	46	11	will	will	AUX
ajeer-251	46	12	not	not	PART
ajeer-251	46	13	supply	supply	VERB
ajeer-251	46	14	fund	fund	NOUN
ajeer-251	46	15	to	to	ADP
ajeer-251	46	16	activities	activity	NOUN
ajeer-251	46	17	with	with	ADP
ajeer-251	46	18	low	low	ADJ
ajeer-251	46	19	yields.1	yields.1	PROPN
ajeer-251	46	20	greene	greene	PROPN
ajeer-251	46	21	and	and	CCONJ
ajeer-251	46	22	villanueva	villanueva	PROPN
ajeer-251	46	23	(	(	PUNCT
ajeer-251	46	24	1991	1991	NUM
ajeer-251	46	25	)	)	PUNCT
ajeer-251	46	26	use	use	VERB
ajeer-251	46	27	1975	1975	NUM
ajeer-251	46	28	-	-	SYM
ajeer-251	46	29	87	87	NUM
ajeer-251	46	30	data	datum	NOUN
ajeer-251	46	31	to	to	PART
ajeer-251	46	32	examine	examine	VERB
ajeer-251	46	33	the	the	DET
ajeer-251	46	34	influence	influence	NOUN
ajeer-251	46	35	of	of	ADP
ajeer-251	46	36	macroeconomic	macroeconomic	ADJ
ajeer-251	46	37	variables	variable	NOUN
ajeer-251	46	38	on	on	ADP
ajeer-251	46	39	private	private	ADJ
ajeer-251	46	40	investment	investment	NOUN
ajeer-251	46	41	in	in	ADP
ajeer-251	46	42	23	23	NUM
ajeer-251	46	43	developing	develop	VERB
ajeer-251	46	44	countries2	countries2	NOUN
ajeer-251	46	45	and	and	CCONJ
ajeer-251	46	46	find	find	VERB
ajeer-251	46	47	that	that	SCONJ
ajeer-251	46	48	real	real	ADJ
ajeer-251	46	49	growth	growth	NOUN
ajeer-251	46	50	of	of	ADP
ajeer-251	46	51	gdp	gdp	NOUN
ajeer-251	46	52	,	,	PUNCT
ajeer-251	46	53	level	level	NOUN
ajeer-251	46	54	of	of	ADP
ajeer-251	46	55	gdp	gdp	NOUN
ajeer-251	46	56	per	per	ADP
ajeer-251	46	57	capita	capita	NOUN
ajeer-251	46	58	,	,	PUNCT
ajeer-251	46	59	and	and	CCONJ
ajeer-251	46	60	the	the	DET
ajeer-251	46	61	rate	rate	NOUN
ajeer-251	46	62	of	of	ADP
ajeer-251	46	63	public	public	ADJ
ajeer-251	46	64	sector	sector	NOUN
ajeer-251	46	65	investment	investment	NOUN
ajeer-251	46	66	are	be	AUX
ajeer-251	46	67	positively	positively	ADV
ajeer-251	46	68	related	relate	VERB
ajeer-251	46	69	to	to	ADP
ajeer-251	46	70	private	private	ADJ
ajeer-251	46	71	investment	investment	NOUN
ajeer-251	46	72	;	;	PUNCT
ajeer-251	46	73	but	but	CCONJ
ajeer-251	46	74	real	real	ADJ
ajeer-251	46	75	interest	interest	NOUN
ajeer-251	46	76	rates	rate	NOUN
ajeer-251	46	77	,	,	PUNCT
ajeer-251	46	78	domestic	domestic	ADJ
ajeer-251	46	79	inflation	inflation	NOUN
ajeer-251	46	80	,	,	PUNCT
ajeer-251	46	81	debt	debt	NOUN
ajeer-251	46	82	-	-	PUNCT
ajeer-251	46	83	service	service	NOUN
ajeer-251	46	84	ratio	ratio	NOUN
ajeer-251	46	85	,	,	PUNCT
ajeer-251	46	86	and	and	CCONJ
ajeer-251	46	87	the	the	DET
ajeer-251	46	88	ratio	ratio	NOUN
ajeer-251	46	89	of	of	ADP
ajeer-251	46	90	debt	debt	NOUN
ajeer-251	46	91	to	to	ADP
ajeer-251	46	92	gdp	gdp	NOUN
ajeer-251	46	93	affect	affect	VERB
ajeer-251	46	94	private	private	ADJ
ajeer-251	46	95	investment	investment	NOUN
ajeer-251	46	96	negatively	negatively	ADV
ajeer-251	46	97	.	.	PUNCT
ajeer-251	47	1	on	on	ADP
ajeer-251	47	2	the	the	DET
ajeer-251	47	3	other	other	ADJ
ajeer-251	47	4	hand	hand	NOUN
ajeer-251	47	5	,	,	PUNCT
ajeer-251	47	6	private	private	ADJ
ajeer-251	47	7	investment	investment	NOUN
ajeer-251	47	8	expenditure	expenditure	NOUN
ajeer-251	47	9	is	be	AUX
ajeer-251	47	10	positively	positively	ADV
ajeer-251	47	11	related	relate	VERB
ajeer-251	47	12	to	to	ADP
ajeer-251	47	13	domestic	domestic	ADJ
ajeer-251	47	14	credit	credit	NOUN
ajeer-251	47	15	and	and	CCONJ
ajeer-251	47	16	net	net	ADJ
ajeer-251	47	17	capital	capital	NOUN
ajeer-251	47	18	inflow	inflow	NOUN
ajeer-251	47	19	to	to	ADP
ajeer-251	47	20	the	the	DET
ajeer-251	47	21	private	private	ADJ
ajeer-251	47	22	sector	sector	NOUN
ajeer-251	47	23	in	in	ADP
ajeer-251	47	24	the	the	DET
ajeer-251	47	25	developing	develop	VERB
ajeer-251	47	26	countries	country	NOUN
ajeer-251	47	27	(	(	PUNCT
ajeer-251	47	28	zebib	zebib	NOUN
ajeer-251	47	29	and	and	CCONJ
ajeer-251	47	30	muoghalu	muoghalu	NOUN
ajeer-251	47	31	,	,	PUNCT
ajeer-251	47	32	1997	1997	NUM
ajeer-251	47	33	)	)	PUNCT
ajeer-251	47	34	.	.	PUNCT
ajeer-251	48	1	henry	henry	PROPN
ajeer-251	48	2	(	(	PUNCT
ajeer-251	48	3	2000	2000	NUM
ajeer-251	48	4	)	)	PUNCT
ajeer-251	48	5	includes	include	VERB
ajeer-251	48	6	stock	stock	NOUN
ajeer-251	48	7	market	market	NOUN
ajeer-251	48	8	liberalization3	liberalization3	NOUN
ajeer-251	48	9	in	in	ADP
ajeer-251	48	10	a	a	DET
ajeer-251	48	11	private	private	ADJ
ajeer-251	48	12	investment	investment	NOUN
ajeer-251	48	13	model	model	NOUN
ajeer-251	48	14	and	and	CCONJ
ajeer-251	48	15	finds	find	VERB
ajeer-251	48	16	that	that	SCONJ
ajeer-251	48	17	the	the	DET
ajeer-251	48	18	former	former	ADJ
ajeer-251	48	19	causes	cause	VERB
ajeer-251	48	20	private	private	ADJ
ajeer-251	48	21	investment	investment	NOUN
ajeer-251	48	22	booms	boom	NOUN
ajeer-251	48	23	in	in	ADP
ajeer-251	48	24	11	11	NUM
ajeer-251	48	25	developing	develop	VERB
ajeer-251	48	26	countries	country	NOUN
ajeer-251	48	27	.	.	PUNCT
ajeer-251	49	1	in	in	ADP
ajeer-251	49	2	the	the	DET
ajeer-251	49	3	case	case	NOUN
ajeer-251	49	4	of	of	ADP
ajeer-251	49	5	developing	develop	VERB
ajeer-251	49	6	countries,4	countries,4	NOUN
ajeer-251	49	7	salahuddin	salahuddin	VERB
ajeer-251	49	8	et	et	PROPN
ajeer-251	49	9	al	al	PROPN
ajeer-251	49	10	.	.	PROPN
ajeer-251	50	1	(	(	PUNCT
ajeer-251	50	2	2009	2009	NUM
ajeer-251	50	3	)	)	PUNCT
ajeer-251	50	4	find	find	VERB
ajeer-251	50	5	a	a	DET
ajeer-251	50	6	positive	positive	ADJ
ajeer-251	50	7	impact	impact	NOUN
ajeer-251	50	8	of	of	ADP
ajeer-251	50	9	the	the	DET
ajeer-251	50	10	growth	growth	NOUN
ajeer-251	50	11	rate	rate	NOUN
ajeer-251	50	12	of	of	ADP
ajeer-251	50	13	per	per	ADP
ajeer-251	50	14	capita	capita	X
ajeer-251	50	15	real	real	PROPN
ajeer-251	50	16	gdp	gdp	NOUN
ajeer-251	50	17	,	,	PUNCT
ajeer-251	50	18	domestic	domestic	ADJ
ajeer-251	50	19	savings	saving	NOUN
ajeer-251	50	20	,	,	PUNCT
ajeer-251	50	21	trade	trade	NOUN
ajeer-251	50	22	openness	openness	NOUN
ajeer-251	50	23	,	,	PUNCT
ajeer-251	50	24	foreign	foreign	ADJ
ajeer-251	50	25	aid	aid	NOUN
ajeer-251	50	26	,	,	PUNCT
ajeer-251	50	27	private	private	ADJ
ajeer-251	50	28	sector	sector	NOUN
ajeer-251	50	29	credit	credit	NOUN
ajeer-251	50	30	and	and	CCONJ
ajeer-251	50	31	institutional	institutional	ADJ
ajeer-251	50	32	development	development	NOUN
ajeer-251	50	33	on	on	ADP
ajeer-251	50	34	private	private	ADJ
ajeer-251	50	35	investment	investment	NOUN
ajeer-251	50	36	;	;	PUNCT
ajeer-251	50	37	but	but	CCONJ
ajeer-251	50	38	the	the	DET
ajeer-251	50	39	negative	negative	ADJ
ajeer-251	50	40	effect	effect	NOUN
ajeer-251	50	41	of	of	ADP
ajeer-251	50	42	foreign	foreign	ADJ
ajeer-251	50	43	debt	debt	NOUN
ajeer-251	50	44	servicing	servicing	NOUN
ajeer-251	50	45	on	on	ADP
ajeer-251	50	46	private	private	ADJ
ajeer-251	50	47	investment	investment	NOUN
ajeer-251	50	48	.	.	PUNCT
ajeer-251	51	1	however	however	ADV
ajeer-251	51	2	,	,	PUNCT
ajeer-251	51	3	he	he	PRON
ajeer-251	51	4	finds	find	VERB
ajeer-251	51	5	no	no	DET
ajeer-251	51	6	significant	significant	ADJ
ajeer-251	51	7	effect	effect	NOUN
ajeer-251	51	8	of	of	ADP
ajeer-251	51	9	the	the	DET
ajeer-251	51	10	inflation	inflation	NOUN
ajeer-251	51	11	rate	rate	NOUN
ajeer-251	51	12	,	,	PUNCT
ajeer-251	51	13	lending	lending	NOUN
ajeer-251	51	14	rate	rate	NOUN
ajeer-251	51	15	,	,	PUNCT
ajeer-251	51	16	human	human	ADJ
ajeer-251	51	17	capital	capital	NOUN
ajeer-251	51	18	and	and	CCONJ
ajeer-251	51	19	population	population	NOUN
ajeer-251	51	20	growth	growth	NOUN
ajeer-251	51	21	on	on	ADP
ajeer-251	51	22	investment	investment	NOUN
ajeer-251	51	23	.	.	PUNCT
ajeer-251	52	1	he	he	PRON
ajeer-251	52	2	highlights	highlight	VERB
ajeer-251	52	3	the	the	DET
ajeer-251	52	4	importance	importance	NOUN
ajeer-251	52	5	of	of	ADP
ajeer-251	52	6	efficient	efficient	ADJ
ajeer-251	52	7	allocation	allocation	NOUN
ajeer-251	52	8	of	of	ADP
ajeer-251	52	9	local	local	ADJ
ajeer-251	52	10	resources	resource	NOUN
ajeer-251	52	11	;	;	PUNCT
ajeer-251	52	12	reduce	reduce	VERB
ajeer-251	52	13	reliance	reliance	NOUN
ajeer-251	52	14	on	on	ADP
ajeer-251	52	15	foreign	foreign	ADJ
ajeer-251	52	16	debt	debt	NOUN
ajeer-251	52	17	;	;	PUNCT
ajeer-251	52	18	increase	increase	VERB
ajeer-251	52	19	trade	trade	NOUN
ajeer-251	52	20	openness	openness	NOUN
ajeer-251	52	21	,	,	PUNCT
ajeer-251	52	22	and	and	CCONJ
ajeer-251	52	23	institutional	institutional	ADJ
ajeer-251	52	24	development	development	NOUN
ajeer-251	52	25	and	and	CCONJ
ajeer-251	52	26	higher	high	ADJ
ajeer-251	52	27	per	per	ADP
ajeer-251	52	28	capita	capita	X
ajeer-251	52	29	real	real	ADJ
ajeer-251	52	30	gdp	gdp	NOUN
ajeer-251	52	31	growth	growth	NOUN
ajeer-251	52	32	to	to	PART
ajeer-251	52	33	boost	boost	VERB
ajeer-251	52	34	private	private	ADJ
ajeer-251	52	35	/	/	SYM
ajeer-251	52	36	gross	gross	ADJ
ajeer-251	52	37	investment	investment	NOUN
ajeer-251	52	38	.	.	PUNCT
ajeer-251	53	1	using	use	VERB
ajeer-251	53	2	data	datum	NOUN
ajeer-251	53	3	from	from	ADP
ajeer-251	53	4	developing	develop	VERB
ajeer-251	53	5	countries,5	countries,5	NOUN
ajeer-251	53	6	spatafora	spatafora	NOUN
ajeer-251	53	7	and	and	CCONJ
ajeer-251	53	8	luca	luca	PROPN
ajeer-251	53	9	(	(	PUNCT
ajeer-251	53	10	2012	2012	NUM
ajeer-251	53	11	)	)	PUNCT
ajeer-251	53	12	find	find	VERB
ajeer-251	53	13	that	that	SCONJ
ajeer-251	53	14	private	private	ADJ
ajeer-251	53	15	capital	capital	NOUN
ajeer-251	53	16	inflows	inflow	NOUN
ajeer-251	53	17	and	and	CCONJ
ajeer-251	53	18	domestic	domestic	ADJ
ajeer-251	53	19	credit	credit	NOUN
ajeer-251	53	20	positively	positively	ADV
ajeer-251	53	21	causes	cause	VERB
ajeer-251	53	22	private	private	ADJ
ajeer-251	53	23	investment	investment	NOUN
ajeer-251	53	24	.	.	PUNCT
ajeer-251	54	1	the	the	DET
ajeer-251	54	2	global	global	ADJ
ajeer-251	54	3	pricing	pricing	NOUN
ajeer-251	54	4	of	of	ADP
ajeer-251	54	5	risk	risk	NOUN
ajeer-251	54	6	and	and	CCONJ
ajeer-251	54	7	domestic	domestic	ADJ
ajeer-251	54	8	borrowing	borrowing	NOUN
ajeer-251	54	9	costs	cost	NOUN
ajeer-251	54	10	,	,	PUNCT
ajeer-251	54	11	increase	increase	VERB
ajeer-251	54	12	through	through	ADP
ajeer-251	54	13	their	their	PRON
ajeer-251	54	14	impact	impact	NOUN
ajeer-251	54	15	on	on	ADP
ajeer-251	54	16	net	net	ADJ
ajeer-251	54	17	capital	capital	NOUN
ajeer-251	54	18	inflows	inflow	NOUN
ajeer-251	54	19	and	and	CCONJ
ajeer-251	54	20	domestic	domestic	ADJ
ajeer-251	54	21	credit	credit	NOUN
ajeer-251	54	22	.	.	PUNCT
ajeer-251	55	1	however	however	ADV
ajeer-251	55	2	,	,	PUNCT
ajeer-251	55	3	neither	neither	CCONJ
ajeer-251	55	4	more	more	ADV
ajeer-251	55	5	domestic	domestic	ADJ
ajeer-251	55	6	credit	credit	NOUN
ajeer-251	55	7	nor	nor	CCONJ
ajeer-251	55	8	superior	superior	ADJ
ajeer-251	55	9	institutional	institutional	ADJ
ajeer-251	55	10	quality	quality	NOUN
ajeer-251	55	11	increases	increase	VERB
ajeer-251	55	12	the	the	DET
ajeer-251	55	13	degree	degree	NOUN
ajeer-251	55	14	to	to	PART
ajeer-251	55	15	which	which	PRON
ajeer-251	55	16	capital	capital	NOUN
ajeer-251	55	17	inflows	inflow	NOUN
ajeer-251	55	18	related	relate	VERB
ajeer-251	55	19	to	to	ADP
ajeer-251	55	20	domestic	domestic	ADJ
ajeer-251	55	21	investment	investment	NOUN
ajeer-251	55	22	.	.	PUNCT
ajeer-251	56	1	in	in	ADP
ajeer-251	56	2	the	the	DET
ajeer-251	56	3	transitional	transitional	ADJ
ajeer-251	56	4	economies	economy	NOUN
ajeer-251	56	5	,	,	PUNCT
ajeer-251	56	6	the	the	DET
ajeer-251	56	7	impact	impact	NOUN
ajeer-251	56	8	of	of	ADP
ajeer-251	56	9	economic	economic	ADJ
ajeer-251	56	10	freedom	freedom	NOUN
ajeer-251	56	11	,	,	PUNCT
ajeer-251	56	12	economic	economic	ADJ
ajeer-251	56	13	growth	growth	NOUN
ajeer-251	56	14	,	,	PUNCT
ajeer-251	56	15	savings	saving	NOUN
ajeer-251	56	16	,	,	PUNCT
ajeer-251	56	17	and	and	CCONJ
ajeer-251	56	18	financial	financial	ADJ
ajeer-251	56	19	development	development	NOUN
ajeer-251	56	20	are	be	AUX
ajeer-251	56	21	positively	positively	ADV
ajeer-251	56	22	related	relate	VERB
ajeer-251	56	23	to	to	ADP
ajeer-251	56	24	private	private	ADJ
ajeer-251	56	25	investment	investment	NOUN
ajeer-251	56	26	(	(	PUNCT
ajeer-251	56	27	dang	dang	INTJ
ajeer-251	56	28	,	,	PUNCT
ajeer-251	56	29	2012	2012	NUM
ajeer-251	56	30	)	)	PUNCT
ajeer-251	56	31	.	.	PUNCT
ajeer-251	57	1	jenkins	jenkin	NOUN
ajeer-251	57	2	(	(	PUNCT
ajeer-251	57	3	1998	1998	NUM
ajeer-251	57	4	)	)	PUNCT
ajeer-251	57	5	estimates	estimate	VERB
ajeer-251	57	6	private	private	ADJ
ajeer-251	57	7	investment	investment	NOUN
ajeer-251	57	8	for	for	ADP
ajeer-251	57	9	zimbabwe	zimbabwe	NOUN
ajeer-251	57	10	,	,	PUNCT
ajeer-251	57	11	and	and	CCONJ
ajeer-251	57	12	find	find	VERB
ajeer-251	57	13	that	that	SCONJ
ajeer-251	57	14	the	the	DET
ajeer-251	57	15	impact	impact	NOUN
ajeer-251	57	16	of	of	ADP
ajeer-251	57	17	gross	gross	ADJ
ajeer-251	57	18	profits	profit	NOUN
ajeer-251	57	19	is	be	AUX
ajeer-251	57	20	positive	positive	ADJ
ajeer-251	57	21	,	,	PUNCT
ajeer-251	57	22	but	but	CCONJ
ajeer-251	57	23	that	that	PRON
ajeer-251	57	24	of	of	ADP
ajeer-251	57	25	external	external	ADJ
ajeer-251	57	26	debt6	debt6	NOUN
ajeer-251	57	27	is	be	AUX
ajeer-251	57	28	negative	negative	ADJ
ajeer-251	57	29	on	on	ADP
ajeer-251	57	30	the	the	DET
ajeer-251	57	31	private	private	ADJ
ajeer-251	57	32	capital	capital	NOUN
ajeer-251	57	33	formation	formation	NOUN
ajeer-251	57	34	.	.	PUNCT
ajeer-251	58	1	achy	achy	NOUN
ajeer-251	58	2	(	(	PUNCT
ajeer-251	58	3	2005	2005	NUM
ajeer-251	58	4	)	)	PUNCT
ajeer-251	58	5	documents	document	NOUN
ajeer-251	58	6	that	that	PRON
ajeer-251	58	7	financial	financial	ADJ
ajeer-251	58	8	development	development	NOUN
ajeer-251	58	9	indicators	indicator	NOUN
ajeer-251	58	10	and	and	CCONJ
ajeer-251	58	11	financial	financial	ADJ
ajeer-251	58	12	liberalization	liberalization	NOUN
ajeer-251	58	13	index	index	NOUN
ajeer-251	58	14	are	be	AUX
ajeer-251	58	15	negatively	negatively	ADV
ajeer-251	58	16	related	relate	VERB
ajeer-251	58	17	with	with	ADP
ajeer-251	58	18	private	private	ADJ
ajeer-251	58	19	investment	investment	NOUN
ajeer-251	58	20	in	in	ADP
ajeer-251	58	21	the	the	DET
ajeer-251	58	22	five	five	NUM
ajeer-251	58	23	mena	mena	NOUN
ajeer-251	58	24	countries.7	countries.7	NOUN
ajeer-251	58	25	akkina	akkina	NOUN
ajeer-251	58	26	and	and	CCONJ
ajeer-251	58	27	celebi	celebi	NOUN
ajeer-251	58	28	(	(	PUNCT
ajeer-251	58	29	2002	2002	NUM
ajeer-251	58	30	)	)	PUNCT
ajeer-251	58	31	examine	examine	VERB
ajeer-251	58	32	the	the	DET
ajeer-251	58	33	impacts	impact	NOUN
ajeer-251	58	34	of	of	ADP
ajeer-251	58	35	financial	financial	ADJ
ajeer-251	58	36	repression	repression	NOUN
ajeer-251	58	37	and	and	CCONJ
ajeer-251	58	38	financial	financial	ADJ
ajeer-251	58	39	liberalization	liberalization	NOUN
ajeer-251	58	40	on	on	ADP
ajeer-251	58	41	private	private	ADJ
ajeer-251	58	42	fixed	fix	VERB
ajeer-251	58	43	investment	investment	NOUN
ajeer-251	58	44	in	in	ADP
ajeer-251	58	45	turkey	turkey	NOUN
ajeer-251	58	46	.	.	PUNCT
ajeer-251	59	1	they	they	PRON
ajeer-251	59	2	find	find	VERB
ajeer-251	59	3	that	that	SCONJ
ajeer-251	59	4	the	the	DET
ajeer-251	59	5	financial	financial	ADJ
ajeer-251	59	6	repression	repression	NOUN
ajeer-251	59	7	and	and	CCONJ
ajeer-251	59	8	liberalization	liberalization	NOUN
ajeer-251	59	9	programs	program	NOUN
ajeer-251	59	10	do	do	AUX
ajeer-251	59	11	not	not	PART
ajeer-251	59	12	show	show	VERB
ajeer-251	59	13	any	any	DET
ajeer-251	59	14	positive	positive	ADJ
ajeer-251	59	15	effect	effect	NOUN
ajeer-251	59	16	on	on	ADP
ajeer-251	59	17	private	private	ADJ
ajeer-251	59	18	investment	investment	NOUN
ajeer-251	59	19	despite	despite	SCONJ
ajeer-251	59	20	implementation	implementation	NOUN
ajeer-251	59	21	of	of	ADP
ajeer-251	59	22	liberalization	liberalization	NOUN
ajeer-251	59	23	measures	measure	NOUN
ajeer-251	59	24	in	in	ADP
ajeer-251	59	25	1983	1983	NUM
ajeer-251	59	26	.	.	PUNCT
ajeer-251	60	1	acosta	acosta	PROPN
ajeer-251	60	2	and	and	CCONJ
ajeer-251	60	3	loza	loza	PROPN
ajeer-251	60	4	(	(	PUNCT
ajeer-251	60	5	2005	2005	NUM
ajeer-251	60	6	)	)	PUNCT
ajeer-251	60	7	examine	examine	VERB
ajeer-251	60	8	the	the	DET
ajeer-251	60	9	impact	impact	NOUN
ajeer-251	60	10	of	of	ADP
ajeer-251	60	11	the	the	DET
ajeer-251	60	12	short	short	ADJ
ajeer-251	60	13	and	and	CCONJ
ajeer-251	60	14	long	long	ADV
ajeer-251	60	15	-	-	PUNCT
ajeer-251	60	16	run	run	VERB
ajeer-251	60	17	factors	factor	NOUN
ajeer-251	60	18	affecting	affect	VERB
ajeer-251	60	19	private	private	ADJ
ajeer-251	60	20	investment	investment	NOUN
ajeer-251	60	21	in	in	ADP
ajeer-251	60	22	argentina	argentina	PROPN
ajeer-251	60	23	.	.	PUNCT
ajeer-251	61	1	they	they	PRON
ajeer-251	61	2	conclude	conclude	VERB
ajeer-251	61	3	that	that	SCONJ
ajeer-251	61	4	exchange	exchange	NOUN
ajeer-251	61	5	rate	rate	NOUN
ajeer-251	61	6	and	and	CCONJ
ajeer-251	61	7	trade	trade	NOUN
ajeer-251	61	8	liberalization	liberalization	NOUN
ajeer-251	61	9	are	be	AUX
ajeer-251	61	10	determinants	determinant	NOUN
ajeer-251	61	11	of	of	ADP
ajeer-251	61	12	short	short	ADJ
ajeer-251	61	13	-	-	PUNCT
ajeer-251	61	14	term	term	NOUN
ajeer-251	61	15	investment	investment	NOUN
ajeer-251	61	16	.	.	PUNCT
ajeer-251	62	1	in	in	ADP
ajeer-251	62	2	the	the	DET
ajeer-251	62	3	long	long	ADJ
ajeer-251	62	4	term	term	NOUN
ajeer-251	62	5	,	,	PUNCT
ajeer-251	62	6	the	the	DET
ajeer-251	62	7	capital	capital	NOUN
ajeer-251	62	8	accumulation	accumulation	NOUN
ajeer-251	62	9	,	,	PUNCT
ajeer-251	62	10	fiscal	fiscal	ADJ
ajeer-251	62	11	sustainability	sustainability	NOUN
ajeer-251	62	12	,	,	PUNCT
ajeer-251	62	13	financial	financial	ADJ
ajeer-251	62	14	development	development	NOUN
ajeer-251	62	15	and	and	CCONJ
ajeer-251	62	16	credit	credit	NOUN
ajeer-251	62	17	market	market	NOUN
ajeer-251	62	18	are	be	AUX
ajeer-251	62	19	important	important	ADJ
ajeer-251	62	20	determinants	determinant	NOUN
ajeer-251	62	21	of	of	ADP
ajeer-251	62	22	private	private	ADJ
ajeer-251	62	23	investment	investment	NOUN
ajeer-251	62	24	.	.	PUNCT
ajeer-251	63	1	they	they	PRON
ajeer-251	63	2	establish	establish	VERB
ajeer-251	63	3	the	the	DET
ajeer-251	63	4	positive	positive	ADJ
ajeer-251	63	5	impact	impact	NOUN
ajeer-251	63	6	of	of	ADP
ajeer-251	63	7	financial	financial	ADJ
ajeer-251	63	8	liberalization	liberalization	NOUN
ajeer-251	63	9	on	on	ADP
ajeer-251	63	10	domestic	domestic	ADJ
ajeer-251	63	11	savings	saving	NOUN
ajeer-251	63	12	,	,	PUNCT
ajeer-251	63	13	private	private	ADJ
ajeer-251	63	14	1mckinnon	1mckinnon	NUM
ajeer-251	63	15	–	–	PUNCT
ajeer-251	63	16	shaw	shaw	NOUN
ajeer-251	63	17	thesis	thesis	NOUN
ajeer-251	63	18	supports	support	VERB
ajeer-251	63	19	the	the	DET
ajeer-251	63	20	elimination	elimination	NOUN
ajeer-251	63	21	of	of	ADP
ajeer-251	63	22	directed	direct	VERB
ajeer-251	63	23	credit	credit	NOUN
ajeer-251	63	24	programs	program	NOUN
ajeer-251	63	25	that	that	PRON
ajeer-251	63	26	shift	shift	VERB
ajeer-251	63	27	investment	investment	NOUN
ajeer-251	63	28	projects	project	NOUN
ajeer-251	63	29	with	with	ADP
ajeer-251	63	30	possibly	possibly	ADV
ajeer-251	63	31	higher	high	ADJ
ajeer-251	63	32	returns	return	NOUN
ajeer-251	63	33	.	.	PUNCT
ajeer-251	64	1	2	2	NUM
ajeer-251	64	2	the	the	DET
ajeer-251	64	3	23	23	NUM
ajeer-251	64	4	countries	country	NOUN
ajeer-251	64	5	are	be	AUX
ajeer-251	64	6	argentina	argentina	PROPN
ajeer-251	64	7	,	,	PUNCT
ajeer-251	64	8	bolivia	bolivia	PROPN
ajeer-251	64	9	,	,	PUNCT
ajeer-251	64	10	brazil	brazil	PROPN
ajeer-251	64	11	,	,	PUNCT
ajeer-251	64	12	chile	chile	PROPN
ajeer-251	64	13	,	,	PUNCT
ajeer-251	64	14	colombia	colombia	PROPN
ajeer-251	64	15	,	,	PUNCT
ajeer-251	64	16	costa	costa	PROPN
ajeer-251	64	17	rica	rica	PROPN
ajeer-251	64	18	,	,	PUNCT
ajeer-251	64	19	ecuador	ecuador	PROPN
ajeer-251	64	20	,	,	PUNCT
ajeer-251	64	21	guatemala	guatemala	PROPN
ajeer-251	64	22	,	,	PUNCT
ajeer-251	64	23	india	india	PROPN
ajeer-251	64	24	,	,	PUNCT
ajeer-251	64	25	kenya	kenya	PROPN
ajeer-251	64	26	,	,	PUNCT
ajeer-251	64	27	the	the	DET
ajeer-251	64	28	republic	republic	NOUN
ajeer-251	64	29	of	of	ADP
ajeer-251	64	30	korea	korea	PROPN
ajeer-251	64	31	,	,	PUNCT
ajeer-251	64	32	mexico	mexico	PROPN
ajeer-251	64	33	,	,	PUNCT
ajeer-251	64	34	pakistan	pakistan	PROPN
ajeer-251	64	35	,	,	PUNCT
ajeer-251	64	36	peru	peru	PROPN
ajeer-251	64	37	,	,	PUNCT
ajeer-251	64	38	the	the	DET
ajeer-251	64	39	philippines	philippine	NOUN
ajeer-251	64	40	,	,	PUNCT
ajeer-251	64	41	singapore	singapore	PROPN
ajeer-251	64	42	,	,	PUNCT
ajeer-251	64	43	sri	sri	PROPN
ajeer-251	64	44	lanka	lanka	PROPN
ajeer-251	64	45	,	,	PUNCT
ajeer-251	64	46	thailand	thailand	PROPN
ajeer-251	64	47	,	,	PUNCT
ajeer-251	64	48	tunisia	tunisia	PROPN
ajeer-251	64	49	,	,	PUNCT
ajeer-251	64	50	turkey	turkey	PROPN
ajeer-251	64	51	,	,	PUNCT
ajeer-251	64	52	uruguay	uruguay	PROPN
ajeer-251	64	53	,	,	PUNCT
ajeer-251	64	54	venezuela	venezuela	PROPN
ajeer-251	64	55	,	,	PUNCT
ajeer-251	64	56	and	and	CCONJ
ajeer-251	64	57	zimbabwe	zimbabwe	ADJ
ajeer-251	64	58	.	.	PUNCT
ajeer-251	65	1	3stock	3stock	NUM
ajeer-251	65	2	market	market	NOUN
ajeer-251	65	3	liberalization	liberalization	NOUN
ajeer-251	65	4	measured	measure	VERB
ajeer-251	65	5	by	by	ADP
ajeer-251	65	6	dummy	dummy	ADJ
ajeer-251	65	7	variable	variable	NOUN
ajeer-251	65	8	equals	equal	VERB
ajeer-251	65	9	"	"	PUNCT
ajeer-251	65	10	1	1	NUM
ajeer-251	65	11	"	"	PUNCT
ajeer-251	65	12	for	for	ADP
ajeer-251	65	13	the	the	DET
ajeer-251	65	14	liberalization	liberalization	NOUN
ajeer-251	65	15	period	period	NOUN
ajeer-251	65	16	.	.	PUNCT
ajeer-251	66	1	4	4	NUM
ajeer-251	66	2	albania	albania	PROPN
ajeer-251	66	3	,	,	PUNCT
ajeer-251	66	4	algeria	algeria	PROPN
ajeer-251	66	5	,	,	PUNCT
ajeer-251	66	6	bangladesh	bangladesh	PROPN
ajeer-251	66	7	,	,	PUNCT
ajeer-251	66	8	chad	chad	PROPN
ajeer-251	66	9	,	,	PUNCT
ajeer-251	66	10	egypt	egypt	PROPN
ajeer-251	66	11	,	,	PUNCT
ajeer-251	66	12	ethiopia	ethiopia	PROPN
ajeer-251	66	13	,	,	PUNCT
ajeer-251	66	14	indonesia	indonesia	PROPN
ajeer-251	66	15	,	,	PUNCT
ajeer-251	66	16	iran	iran	PROPN
ajeer-251	66	17	,	,	PUNCT
ajeer-251	66	18	jordan	jordan	PROPN
ajeer-251	66	19	,	,	PUNCT
ajeer-251	66	20	malaysia	malaysia	PROPN
ajeer-251	66	21	,	,	PUNCT
ajeer-251	66	22	mali	mali	PROPN
ajeer-251	66	23	,	,	PUNCT
ajeer-251	66	24	mauritania	mauritania	NOUN
ajeer-251	66	25	,	,	PUNCT
ajeer-251	66	26	morocco	morocco	PROPN
ajeer-251	66	27	,	,	PUNCT
ajeer-251	66	28	niger	niger	NOUN
ajeer-251	66	29	,	,	PUNCT
ajeer-251	66	30	oman	oman	NOUN
ajeer-251	66	31	,	,	PUNCT
ajeer-251	66	32	pakistan	pakistan	PROPN
ajeer-251	66	33	,	,	PUNCT
ajeer-251	66	34	saudi	saudi	PROPN
ajeer-251	66	35	arabia	arabia	PROPN
ajeer-251	66	36	,	,	PUNCT
ajeer-251	66	37	senegal	senegal	PROPN
ajeer-251	66	38	,	,	PUNCT
ajeer-251	66	39	syria	syria	PROPN
ajeer-251	66	40	,	,	PUNCT
ajeer-251	66	41	tunisia	tunisia	PROPN
ajeer-251	66	42	,	,	PUNCT
ajeer-251	66	43	and	and	CCONJ
ajeer-251	66	44	turkey	turkey	NOUN
ajeer-251	66	45	.	.	PUNCT
ajeer-251	67	1	5albania	5albania	NUM
ajeer-251	67	2	,	,	PUNCT
ajeer-251	67	3	algeria	algeria	PROPN
ajeer-251	67	4	,	,	PUNCT
ajeer-251	67	5	angola	angola	PROPN
ajeer-251	67	6	,	,	PUNCT
ajeer-251	67	7	argentina	argentina	PROPN
ajeer-251	67	8	,	,	PUNCT
ajeer-251	67	9	armenia	armenia	PROPN
ajeer-251	67	10	,	,	PUNCT
ajeer-251	67	11	azerbaijan	azerbaijan	PROPN
ajeer-251	67	12	,	,	PUNCT
ajeer-251	67	13	bangladesh	bangladesh	PROPN
ajeer-251	67	14	,	,	PUNCT
ajeer-251	67	15	belarus	belarus	PROPN
ajeer-251	67	16	,	,	PUNCT
ajeer-251	67	17	belize	belize	PROPN
ajeer-251	67	18	,	,	PUNCT
ajeer-251	67	19	benin	benin	PROPN
ajeer-251	67	20	,	,	PUNCT
ajeer-251	67	21	bolivia	bolivia	PROPN
ajeer-251	67	22	,	,	PUNCT
ajeer-251	67	23	botswana	botswana	PROPN
ajeer-251	67	24	,	,	PUNCT
ajeer-251	67	25	brazil	brazil	PROPN
ajeer-251	67	26	,	,	PUNCT
ajeer-251	67	27	bulgaria	bulgaria	PROPN
ajeer-251	67	28	,	,	PUNCT
ajeer-251	67	29	burkina	burkina	PROPN
ajeer-251	67	30	faso	faso	PROPN
ajeer-251	67	31	,	,	PUNCT
ajeer-251	67	32	burundi	burundi	PROPN
ajeer-251	67	33	,	,	PUNCT
ajeer-251	67	34	cambodia	cambodia	PROPN
ajeer-251	67	35	,	,	PUNCT
ajeer-251	67	36	cameroon	cameroon	PROPN
ajeer-251	67	37	,	,	PUNCT
ajeer-251	67	38	cape	cape	NOUN
ajeer-251	67	39	verde	verde	NOUN
ajeer-251	67	40	,	,	PUNCT
ajeer-251	67	41	central	central	ADJ
ajeer-251	67	42	african	african	ADJ
ajeer-251	67	43	republic	republic	PROPN
ajeer-251	67	44	,	,	PUNCT
ajeer-251	67	45	chad	chad	PROPN
ajeer-251	67	46	,	,	PUNCT
ajeer-251	67	47	chile	chile	PROPN
ajeer-251	67	48	,	,	PUNCT
ajeer-251	67	49	china	china	PROPN
ajeer-251	67	50	,	,	PUNCT
ajeer-251	67	51	colombia	colombia	PROPN
ajeer-251	67	52	,	,	PUNCT
ajeer-251	67	53	comoros	comoros	PROPN
ajeer-251	67	54	,	,	PUNCT
ajeer-251	67	55	congo	congo	PROPN
ajeer-251	67	56	dem	dem	PROPN
ajeer-251	67	57	.	.	PUNCT
ajeer-251	67	58	rep	rep	PROPN
ajeer-251	67	59	.	.	PROPN
ajeer-251	67	60	,congorep	,congorep	PROPN
ajeer-251	67	61	.	.	PROPN
ajeer-251	67	62	,	,	PUNCT
ajeer-251	67	63	costa	costa	PROPN
ajeer-251	67	64	rica	rica	PROPN
ajeer-251	67	65	,	,	PUNCT
ajeer-251	67	66	côte	côte	PROPN
ajeer-251	67	67	d'ivoire	d'ivoire	PROPN
ajeer-251	67	68	,	,	PUNCT
ajeer-251	67	69	croatia	croatia	PROPN
ajeer-251	67	70	,	,	PUNCT
ajeer-251	67	71	dominica	dominica	PROPN
ajeer-251	67	72	,	,	PUNCT
ajeer-251	67	73	dominican	dominican	PROPN
ajeer-251	67	74	republic	republic	PROPN
ajeer-251	67	75	,	,	PUNCT
ajeer-251	67	76	ecuador	ecuador	PROPN
ajeer-251	67	77	,	,	PUNCT
ajeer-251	67	78	egypt	egypt	PROPN
ajeer-251	67	79	,	,	PUNCT
ajeer-251	67	80	el	el	PROPN
ajeer-251	67	81	salvador	salvador	PROPN
ajeer-251	67	82	,	,	PUNCT
ajeer-251	67	83	eritrea	eritrea	PROPN
ajeer-251	67	84	,	,	PUNCT
ajeer-251	67	85	ethiopia	ethiopia	PROPN
ajeer-251	67	86	,	,	PUNCT
ajeer-251	67	87	fiji	fiji	PROPN
ajeer-251	67	88	,	,	PUNCT
ajeer-251	67	89	gabon	gabon	PROPN
ajeer-251	67	90	,	,	PUNCT
ajeer-251	67	91	gambia	gambia	PROPN
ajeer-251	67	92	,	,	PUNCT
ajeer-251	67	93	georgia	georgia	PROPN
ajeer-251	67	94	,	,	PUNCT
ajeer-251	67	95	ghana	ghana	PROPN
ajeer-251	67	96	,	,	PUNCT
ajeer-251	67	97	guatemala	guatemala	PROPN
ajeer-251	67	98	,	,	PUNCT
ajeer-251	67	99	guinea	guinea	NOUN
ajeer-251	67	100	,	,	PUNCT
ajeer-251	67	101	guineabissau	guineabissau	NOUN
ajeer-251	67	102	,	,	PUNCT
ajeer-251	67	103	guyana	guyana	PROPN
ajeer-251	67	104	,	,	PUNCT
ajeer-251	67	105	haiti	haiti	PROPN
ajeer-251	67	106	,	,	PUNCT
ajeer-251	67	107	jamaica	jamaica	PROPN
ajeer-251	67	108	,	,	PUNCT
ajeer-251	67	109	honduras	honduras	PROPN
ajeer-251	67	110	,	,	PUNCT
ajeer-251	67	111	india	india	PROPN
ajeer-251	67	112	,	,	PUNCT
ajeer-251	67	113	indonesia	indonesia	PROPN
ajeer-251	67	114	,	,	PUNCT
ajeer-251	67	115	iran	iran	PROPN
ajeer-251	67	116	,	,	PUNCT
ajeer-251	67	117	jordan	jordan	PROPN
ajeer-251	67	118	,	,	PUNCT
ajeer-251	67	119	kazakhstan	kazakhstan	PROPN
ajeer-251	67	120	,	,	PUNCT
ajeer-251	67	121	kenya	kenya	PROPN
ajeer-251	67	122	,	,	PUNCT
ajeer-251	67	123	kyrgyz	kyrgyz	PROPN
ajeer-251	67	124	,	,	PUNCT
ajeer-251	67	125	republic	republic	PROPN
ajeer-251	67	126	,	,	PUNCT
ajeer-251	67	127	lao	lao	PROPN
ajeer-251	67	128	pdr	pdr	PROPN
ajeer-251	67	129	,	,	PUNCT
ajeer-251	67	130	latvia	latvia	PROPN
ajeer-251	67	131	,	,	PUNCT
ajeer-251	67	132	moldova	moldova	PROPN
ajeer-251	67	133	,	,	PUNCT
ajeer-251	67	134	lebanon	lebanon	PROPN
ajeer-251	67	135	,	,	PUNCT
ajeer-251	67	136	lesotho	lesotho	PROPN
ajeer-251	67	137	,	,	PUNCT
ajeer-251	67	138	macedonia	macedonia	PROPN
ajeer-251	67	139	,	,	PUNCT
ajeer-251	67	140	madagascar	madagascar	PROPN
ajeer-251	67	141	,	,	PUNCT
ajeer-251	67	142	malawi	malawi	PROPN
ajeer-251	67	143	,	,	PUNCT
ajeer-251	67	144	malaysia	malaysia	PROPN
ajeer-251	67	145	,	,	PUNCT
ajeer-251	67	146	mali	mali	ADJ
ajeer-251	67	147	,	,	PUNCT
ajeer-251	67	148	mozambique	mozambique	PROPN
ajeer-251	67	149	,	,	PUNCT
ajeer-251	67	150	mauritania	mauritania	NOUN
ajeer-251	67	151	,	,	PUNCT
ajeer-251	67	152	mauritius	mauritius	PROPN
ajeer-251	67	153	,	,	PUNCT
ajeer-251	67	154	mexico	mexico	PROPN
ajeer-251	67	155	,	,	PUNCT
ajeer-251	67	156	morocco	morocco	PROPN
ajeer-251	67	157	,	,	PUNCT
ajeer-251	67	158	nepal	nepal	PROPN
ajeer-251	67	159	,	,	PUNCT
ajeer-251	67	160	nicaragua	nicaragua	PROPN
ajeer-251	67	161	,	,	PUNCT
ajeer-251	67	162	niger	niger	PROPN
ajeer-251	67	163	,	,	PUNCT
ajeer-251	67	164	nigeria	nigeria	PROPN
ajeer-251	67	165	,	,	PUNCT
ajeer-251	67	166	pakistan	pakistan	PROPN
ajeer-251	67	167	panama	panama	PROPN
ajeer-251	67	168	,	,	PUNCT
ajeer-251	67	169	papua	papua	PROPN
ajeer-251	67	170	new	new	ADJ
ajeer-251	67	171	guinea	guinea	NOUN
ajeer-251	67	172	,	,	PUNCT
ajeer-251	67	173	paraguay	paraguay	NOUN
ajeer-251	67	174	,	,	PUNCT
ajeer-251	67	175	peru	peru	PROPN
ajeer-251	67	176	,	,	PUNCT
ajeer-251	67	177	philippines	philippine	NOUN
ajeer-251	67	178	,	,	PUNCT
ajeer-251	67	179	poland	poland	PROPN
ajeer-251	67	180	,	,	PUNCT
ajeer-251	67	181	romania	romania	PROPN
ajeer-251	67	182	,	,	PUNCT
ajeer-251	67	183	russian	russian	PROPN
ajeer-251	67	184	federation	federation	PROPN
ajeer-251	67	185	,	,	PUNCT
ajeer-251	67	186	rwanda	rwanda	PROPN
ajeer-251	67	187	,	,	PUNCT
ajeer-251	67	188	senegal	senegal	NOUN
ajeer-251	67	189	,	,	PUNCT
ajeer-251	67	190	seychelles	seychelles	PROPN
ajeer-251	67	191	,	,	PUNCT
ajeer-251	67	192	sierra	sierra	PROPN
ajeer-251	67	193	leone	leone	PROPN
ajeer-251	67	194	,	,	PUNCT
ajeer-251	67	195	south	south	PROPN
ajeer-251	67	196	africa	africa	PROPN
ajeer-251	67	197	,	,	PUNCT
ajeer-251	67	198	sri	sri	PROPN
ajeer-251	67	199	lanka	lanka	PROPN
ajeer-251	67	200	,	,	PUNCT
ajeer-251	67	201	st	st	PROPN
ajeer-251	67	202	.	.	PROPN
ajeer-251	67	203	lucia	lucia	PROPN
ajeer-251	67	204	,	,	PUNCT
ajeer-251	67	205	st	st	PROPN
ajeer-251	67	206	.	.	PROPN
ajeer-251	67	207	vincent	vincent	PROPN
ajeer-251	67	208	and	and	CCONJ
ajeer-251	67	209	the	the	DET
ajeer-251	67	210	grenadines	grenadines	PROPN
ajeer-251	67	211	,	,	PUNCT
ajeer-251	67	212	sudan	sudan	PROPN
ajeer-251	67	213	,	,	PUNCT
ajeer-251	67	214	swaziland	swaziland	PROPN
ajeer-251	67	215	,	,	PUNCT
ajeer-251	67	216	syrian	syrian	PROPN
ajeer-251	67	217	arab	arab	PROPN
ajeer-251	67	218	republic	republic	PROPN
ajeer-251	67	219	,	,	PUNCT
ajeer-251	67	220	tanzania	tanzania	PROPN
ajeer-251	67	221	,	,	PUNCT
ajeer-251	67	222	thailand	thailand	PROPN
ajeer-251	67	223	,	,	PUNCT
ajeer-251	67	224	togo	togo	PROPN
ajeer-251	67	225	,	,	PUNCT
ajeer-251	67	226	tunisia	tunisia	PROPN
ajeer-251	67	227	,	,	PUNCT
ajeer-251	67	228	turkey	turkey	PROPN
ajeer-251	67	229	,	,	PUNCT
ajeer-251	67	230	uganda	uganda	PROPN
ajeer-251	67	231	,	,	PUNCT
ajeer-251	67	232	ukraine	ukraine	PROPN
ajeer-251	67	233	,	,	PUNCT
ajeer-251	67	234	uruguay	uruguay	PROPN
ajeer-251	67	235	,	,	PUNCT
ajeer-251	67	236	uzbekistan	uzbekistan	PROPN
ajeer-251	67	237	,	,	PUNCT
ajeer-251	67	238	vanuatu	vanuatu	PROPN
ajeer-251	67	239	venezuela	venezuela	PROPN
ajeer-251	67	240	,	,	PUNCT
ajeer-251	67	241	vietnam	vietnam	PROPN
ajeer-251	67	242	,	,	PUNCT
ajeer-251	67	243	yemen	yemen	PROPN
ajeer-251	67	244	zambia	zambia	PROPN
ajeer-251	67	245	,	,	PUNCT
ajeer-251	67	246	zimbabwe	zimbabwe	NOUN
ajeer-251	67	247	.	.	PROPN
ajeer-251	67	248	6	6	NUM
ajeer-251	67	249	increase	increase	NOUN
ajeer-251	67	250	in	in	ADP
ajeer-251	67	251	external	external	ADJ
ajeer-251	67	252	debt	debt	NOUN
ajeer-251	67	253	enhances	enhance	VERB
ajeer-251	67	254	uncertainty	uncertainty	NOUN
ajeer-251	67	255	,	,	PUNCT
ajeer-251	67	256	so	so	ADV
ajeer-251	67	257	negative	negative	ADJ
ajeer-251	67	258	impact	impact	NOUN
ajeer-251	67	259	on	on	ADP
ajeer-251	67	260	private	private	ADJ
ajeer-251	67	261	investment	investment	NOUN
ajeer-251	67	262	.	.	PUNCT
ajeer-251	68	1	7list	7list	NUM
ajeer-251	68	2	of	of	ADP
ajeer-251	68	3	countries	country	NOUN
ajeer-251	68	4	i.e.	i.e.	X
ajeer-251	68	5	egypt	egypt	PROPN
ajeer-251	68	6	,	,	PUNCT
ajeer-251	68	7	jordan	jordan	PROPN
ajeer-251	68	8	,	,	PUNCT
ajeer-251	68	9	morocco	morocco	PROPN
ajeer-251	68	10	,	,	PUNCT
ajeer-251	68	11	tunisia	tunisia	PROPN
ajeer-251	68	12	,	,	PUNCT
ajeer-251	68	13	and	and	CCONJ
ajeer-251	68	14	turkey	turkey	PROPN
ajeer-251	68	15	.	.	PUNCT
ajeer-251	69	1	asian	asian	ADJ
ajeer-251	69	2	journal	journal	PROPN
ajeer-251	69	3	of	of	ADP
ajeer-251	69	4	economics	economic	NOUN
ajeer-251	69	5	and	and	CCONJ
ajeer-251	69	6	empirical	empirical	ADJ
ajeer-251	69	7	research	research	NOUN
ajeer-251	69	8	,	,	PUNCT
ajeer-251	69	9	2018	2018	NUM
ajeer-251	69	10	,	,	PUNCT
ajeer-251	69	11	5(2	5(2	NUM
ajeer-251	69	12	):	):	PUNCT
ajeer-251	69	13	112	112	NUM
ajeer-251	69	14	-	-	SYM
ajeer-251	69	15	120	120	NUM
ajeer-251	69	16	114	114	NUM
ajeer-251	69	17	investment	investment	NOUN
ajeer-251	69	18	and	and	CCONJ
ajeer-251	69	19	per	per	ADP
ajeer-251	69	20	capita	capita	X
ajeer-251	69	21	gdp	gdp	NOUN
ajeer-251	69	22	growth	growth	NOUN
ajeer-251	69	23	and	and	CCONJ
ajeer-251	69	24	negative	negative	ADJ
ajeer-251	69	25	impact	impact	NOUN
ajeer-251	69	26	on	on	ADP
ajeer-251	69	27	public	public	ADJ
ajeer-251	69	28	investment	investment	NOUN
ajeer-251	69	29	.	.	PUNCT
ajeer-251	70	1	their	their	PRON
ajeer-251	70	2	results	result	NOUN
ajeer-251	70	3	indicate	indicate	VERB
ajeer-251	70	4	that	that	SCONJ
ajeer-251	70	5	financial	financial	ADJ
ajeer-251	70	6	liberalization	liberalization	NOUN
ajeer-251	70	7	substituting	substitute	VERB
ajeer-251	70	8	from	from	ADP
ajeer-251	70	9	public	public	ADJ
ajeer-251	70	10	to	to	ADP
ajeer-251	70	11	private	private	ADJ
ajeer-251	70	12	investment	investment	NOUN
ajeer-251	70	13	,	,	PUNCT
ajeer-251	70	14	which	which	PRON
ajeer-251	70	15	can	can	AUX
ajeer-251	70	16	enhance	enhance	VERB
ajeer-251	70	17	economic	economic	ADJ
ajeer-251	70	18	growth	growth	NOUN
ajeer-251	70	19	.	.	PUNCT
ajeer-251	71	1	the	the	DET
ajeer-251	71	2	positive	positive	ADJ
ajeer-251	71	3	interest	interest	NOUN
ajeer-251	71	4	rate	rate	NOUN
ajeer-251	71	5	helpful	helpful	ADJ
ajeer-251	71	6	for	for	ADP
ajeer-251	71	7	generating	generate	VERB
ajeer-251	71	8	higher	high	ADJ
ajeer-251	71	9	savings	saving	NOUN
ajeer-251	71	10	and	and	CCONJ
ajeer-251	71	11	investment	investment	NOUN
ajeer-251	71	12	in	in	ADP
ajeer-251	71	13	nepal	nepal	NOUN
ajeer-251	71	14	(	(	PUNCT
ajeer-251	71	15	shrestha	shrestha	PROPN
ajeer-251	71	16	and	and	CCONJ
ajeer-251	71	17	chowdhury	chowdhury	PROPN
ajeer-251	71	18	,	,	PUNCT
ajeer-251	71	19	2007	2007	NUM
ajeer-251	71	20	)	)	PUNCT
ajeer-251	71	21	.	.	PUNCT
ajeer-251	72	1	moreover	moreover	ADV
ajeer-251	72	2	,	,	PUNCT
ajeer-251	72	3	in	in	ADP
ajeer-251	72	4	the	the	DET
ajeer-251	72	5	case	case	NOUN
ajeer-251	72	6	of	of	ADP
ajeer-251	72	7	thailand	thailand	PROPN
ajeer-251	72	8	,	,	PUNCT
ajeer-251	72	9	jongwanich	jongwanich	NOUN
ajeer-251	72	10	and	and	CCONJ
ajeer-251	72	11	kohpaiboon	kohpaiboon	NOUN
ajeer-251	72	12	(	(	PUNCT
ajeer-251	72	13	2008	2008	NUM
ajeer-251	72	14	)	)	PUNCT
ajeer-251	72	15	conclude	conclude	VERB
ajeer-251	72	16	that	that	SCONJ
ajeer-251	72	17	in	in	ADP
ajeer-251	72	18	the	the	DET
ajeer-251	72	19	short	short	ADJ
ajeer-251	72	20	run	run	NOUN
ajeer-251	72	21	output	output	NOUN
ajeer-251	72	22	growth	growth	NOUN
ajeer-251	72	23	,	,	PUNCT
ajeer-251	72	24	real	real	ADJ
ajeer-251	72	25	private	private	ADJ
ajeer-251	72	26	credit	credit	NOUN
ajeer-251	72	27	,	,	PUNCT
ajeer-251	72	28	and	and	CCONJ
ajeer-251	72	29	the	the	DET
ajeer-251	72	30	existences	existence	NOUN
ajeer-251	72	31	of	of	ADP
ajeer-251	72	32	spare	spare	ADJ
ajeer-251	72	33	capacity	capacity	NOUN
ajeer-251	72	34	are	be	AUX
ajeer-251	72	35	the	the	DET
ajeer-251	72	36	main	main	ADJ
ajeer-251	72	37	determinants	determinant	NOUN
ajeer-251	72	38	of	of	ADP
ajeer-251	72	39	private	private	ADJ
ajeer-251	72	40	investment	investment	NOUN
ajeer-251	72	41	.	.	PUNCT
ajeer-251	73	1	in	in	ADP
ajeer-251	73	2	addition	addition	NOUN
ajeer-251	73	3	,	,	PUNCT
ajeer-251	73	4	in	in	ADP
ajeer-251	73	5	the	the	DET
ajeer-251	73	6	long	long	ADJ
ajeer-251	73	7	run	run	NOUN
ajeer-251	73	8	,	,	PUNCT
ajeer-251	73	9	output	output	NOUN
ajeer-251	73	10	growth	growth	NOUN
ajeer-251	73	11	,	,	PUNCT
ajeer-251	73	12	real	real	ADJ
ajeer-251	73	13	exchange	exchange	NOUN
ajeer-251	73	14	rate	rate	NOUN
ajeer-251	73	15	(	(	PUNCT
ajeer-251	73	16	rer	rer	NOUN
ajeer-251	73	17	)	)	PUNCT
ajeer-251	73	18	and	and	CCONJ
ajeer-251	73	19	investment	investment	NOUN
ajeer-251	73	20	costs	cost	NOUN
ajeer-251	73	21	determine	determine	VERB
ajeer-251	73	22	private	private	ADJ
ajeer-251	73	23	investment	investment	NOUN
ajeer-251	73	24	.	.	PUNCT
ajeer-251	74	1	the	the	DET
ajeer-251	74	2	export	export	NOUN
ajeer-251	74	3	-	-	PUNCT
ajeer-251	74	4	led	lead	VERB
ajeer-251	74	5	growth	growth	NOUN
ajeer-251	74	6	phenomenon	phenomenon	NOUN
ajeer-251	74	7	shows	show	VERB
ajeer-251	74	8	the	the	DET
ajeer-251	74	9	positive	positive	ADJ
ajeer-251	74	10	and	and	CCONJ
ajeer-251	74	11	statistically	statistically	ADV
ajeer-251	74	12	significant	significant	ADJ
ajeer-251	74	13	coefficient	coefficient	NOUN
ajeer-251	74	14	of	of	ADP
ajeer-251	74	15	rer	rer	PROPN
ajeer-251	74	16	.	.	PUNCT
ajeer-251	75	1	the	the	DET
ajeer-251	75	2	government	government	NOUN
ajeer-251	75	3	investment	investment	NOUN
ajeer-251	75	4	also	also	ADV
ajeer-251	75	5	can	can	AUX
ajeer-251	75	6	endorse	endorse	VERB
ajeer-251	75	7	long	long	ADJ
ajeer-251	75	8	-	-	PUNCT
ajeer-251	75	9	term	term	NOUN
ajeer-251	75	10	private	private	ADJ
ajeer-251	75	11	investment	investment	NOUN
ajeer-251	75	12	,	,	PUNCT
ajeer-251	75	13	but	but	CCONJ
ajeer-251	75	14	its	its	PRON
ajeer-251	75	15	influences	influence	NOUN
ajeer-251	75	16	are	be	AUX
ajeer-251	75	17	comparatively	comparatively	ADV
ajeer-251	75	18	lower	low	ADJ
ajeer-251	75	19	than	than	ADP
ajeer-251	75	20	other	other	ADJ
ajeer-251	75	21	variables	variable	NOUN
ajeer-251	75	22	.	.	PUNCT
ajeer-251	76	1	in	in	ADP
ajeer-251	76	2	the	the	DET
ajeer-251	76	3	case	case	NOUN
ajeer-251	76	4	of	of	ADP
ajeer-251	76	5	india	india	PROPN
ajeer-251	76	6	and	and	CCONJ
ajeer-251	76	7	malaysia	malaysia	PROPN
ajeer-251	76	8	,	,	PUNCT
ajeer-251	76	9	ang	ang	PROPN
ajeer-251	76	10	(	(	PUNCT
ajeer-251	76	11	2009	2009	NUM
ajeer-251	76	12	)	)	PUNCT
ajeer-251	76	13	shows	show	VERB
ajeer-251	76	14	that	that	SCONJ
ajeer-251	76	15	credit	credit	NOUN
ajeer-251	76	16	control	control	NOUN
ajeer-251	76	17	policy	policy	NOUN
ajeer-251	76	18	negatively	negatively	ADV
ajeer-251	76	19	causes	cause	VERB
ajeer-251	76	20	private	private	ADJ
ajeer-251	76	21	capital	capital	NOUN
ajeer-251	76	22	formation	formation	NOUN
ajeer-251	76	23	in	in	ADP
ajeer-251	76	24	both	both	DET
ajeer-251	76	25	countries	country	NOUN
ajeer-251	76	26	.	.	PUNCT
ajeer-251	77	1	the	the	DET
ajeer-251	77	2	interest	interest	NOUN
ajeer-251	77	3	rate	rate	NOUN
ajeer-251	77	4	control	control	NOUN
ajeer-251	77	5	positively	positively	ADV
ajeer-251	77	6	impacts	impact	NOUN
ajeer-251	77	7	on	on	ADP
ajeer-251	77	8	private	private	ADJ
ajeer-251	77	9	investment	investment	NOUN
ajeer-251	77	10	in	in	ADP
ajeer-251	77	11	both	both	DET
ajeer-251	77	12	countries	country	NOUN
ajeer-251	77	13	.	.	PUNCT
ajeer-251	78	1	however	however	ADV
ajeer-251	78	2	,	,	PUNCT
ajeer-251	78	3	high	high	ADJ
ajeer-251	78	4	reserve	reserve	NOUN
ajeer-251	78	5	and	and	CCONJ
ajeer-251	78	6	liquidity	liquidity	NOUN
ajeer-251	78	7	requirements	requirement	NOUN
ajeer-251	78	8	negatively	negatively	ADV
ajeer-251	78	9	affect	affect	VERB
ajeer-251	78	10	private	private	ADJ
ajeer-251	78	11	investment	investment	NOUN
ajeer-251	78	12	in	in	ADP
ajeer-251	78	13	india	india	PROPN
ajeer-251	78	14	,	,	PUNCT
ajeer-251	78	15	and	and	CCONJ
ajeer-251	78	16	positively	positively	ADV
ajeer-251	78	17	in	in	ADP
ajeer-251	78	18	malaysia	malaysia	PROPN
ajeer-251	78	19	.	.	PUNCT
ajeer-251	79	1	spatafora	spatafora	PROPN
ajeer-251	79	2	and	and	CCONJ
ajeer-251	79	3	luca	luca	PROPN
ajeer-251	79	4	(	(	PUNCT
ajeer-251	79	5	2012	2012	NUM
ajeer-251	79	6	)	)	PUNCT
ajeer-251	79	7	examine	examine	VERB
ajeer-251	79	8	the	the	DET
ajeer-251	79	9	effect	effect	NOUN
ajeer-251	79	10	of	of	ADP
ajeer-251	79	11	trade	trade	NOUN
ajeer-251	79	12	liberalization	liberalization	NOUN
ajeer-251	79	13	on	on	ADP
ajeer-251	79	14	private	private	ADJ
ajeer-251	79	15	investment	investment	NOUN
ajeer-251	79	16	in	in	ADP
ajeer-251	79	17	fiji	fiji	PROPN
ajeer-251	79	18	.	.	PUNCT
ajeer-251	80	1	they	they	PRON
ajeer-251	80	2	conclude	conclude	VERB
ajeer-251	80	3	a	a	DET
ajeer-251	80	4	positive	positive	ADJ
ajeer-251	80	5	association	association	NOUN
ajeer-251	80	6	between	between	ADP
ajeer-251	80	7	the	the	DET
ajeer-251	80	8	two	two	NUM
ajeer-251	80	9	.	.	PUNCT
ajeer-251	81	1	there	there	PRON
ajeer-251	81	2	are	be	VERB
ajeer-251	81	3	a	a	DET
ajeer-251	81	4	few	few	ADJ
ajeer-251	81	5	studies	study	NOUN
ajeer-251	81	6	on	on	ADP
ajeer-251	81	7	investment	investment	NOUN
ajeer-251	81	8	in	in	ADP
ajeer-251	81	9	pakistan	pakistan	PROPN
ajeer-251	81	10	.	.	PUNCT
ajeer-251	82	1	for	for	ADP
ajeer-251	82	2	example	example	NOUN
ajeer-251	82	3	,	,	PUNCT
ajeer-251	82	4	sakr	sakr	PROPN
ajeer-251	82	5	(	(	PUNCT
ajeer-251	82	6	1993	1993	NUM
ajeer-251	82	7	)	)	PUNCT
ajeer-251	82	8	shows	show	VERB
ajeer-251	82	9	that	that	SCONJ
ajeer-251	82	10	private	private	ADJ
ajeer-251	82	11	investment	investment	NOUN
ajeer-251	82	12	positively	positively	ADV
ajeer-251	82	13	correlates	correlate	VERB
ajeer-251	82	14	with	with	ADP
ajeer-251	82	15	gdp	gdp	NOUN
ajeer-251	82	16	growth	growth	NOUN
ajeer-251	82	17	;	;	PUNCT
ajeer-251	82	18	credit	credit	NOUN
ajeer-251	82	19	extended	extend	VERB
ajeer-251	82	20	to	to	ADP
ajeer-251	82	21	the	the	DET
ajeer-251	82	22	private	private	ADJ
ajeer-251	82	23	sector	sector	NOUN
ajeer-251	82	24	,	,	PUNCT
ajeer-251	82	25	and	and	CCONJ
ajeer-251	82	26	government	government	NOUN
ajeer-251	82	27	investment	investment	NOUN
ajeer-251	82	28	.	.	PUNCT
ajeer-251	83	1	the	the	DET
ajeer-251	83	2	private	private	ADJ
ajeer-251	83	3	sector	sector	NOUN
ajeer-251	83	4	output	output	NOUN
ajeer-251	83	5	,	,	PUNCT
ajeer-251	83	6	net	net	ADJ
ajeer-251	83	7	capital	capital	NOUN
ajeer-251	83	8	inflows	inflow	NOUN
ajeer-251	83	9	into	into	ADP
ajeer-251	83	10	the	the	DET
ajeer-251	83	11	private	private	ADJ
ajeer-251	83	12	sector	sector	NOUN
ajeer-251	83	13	,	,	PUNCT
ajeer-251	83	14	the	the	DET
ajeer-251	83	15	total	total	ADJ
ajeer-251	83	16	sources	source	NOUN
ajeer-251	83	17	of	of	ADP
ajeer-251	83	18	funds	fund	NOUN
ajeer-251	83	19	,	,	PUNCT
ajeer-251	83	20	change	change	NOUN
ajeer-251	83	21	in	in	ADP
ajeer-251	83	22	bank	bank	NOUN
ajeer-251	83	23	credit	credit	NOUN
ajeer-251	83	24	and	and	CCONJ
ajeer-251	83	25	past	past	ADJ
ajeer-251	83	26	capital	capital	NOUN
ajeer-251	83	27	stock	stock	NOUN
ajeer-251	83	28	is	be	AUX
ajeer-251	83	29	positively	positively	ADV
ajeer-251	83	30	linked	link	VERB
ajeer-251	83	31	with	with	ADP
ajeer-251	83	32	private	private	ADJ
ajeer-251	83	33	investment	investment	NOUN
ajeer-251	83	34	rates	rate	NOUN
ajeer-251	83	35	in	in	ADP
ajeer-251	83	36	pakistan	pakistan	PROPN
ajeer-251	83	37	(	(	PUNCT
ajeer-251	83	38	majeed	majeed	PROPN
ajeer-251	83	39	and	and	CCONJ
ajeer-251	83	40	khan	khan	PROPN
ajeer-251	83	41	,	,	PUNCT
ajeer-251	83	42	2008	2008	NUM
ajeer-251	83	43	)	)	PUNCT
ajeer-251	83	44	.	.	PUNCT
ajeer-251	84	1	moreover	moreover	ADV
ajeer-251	84	2	,	,	PUNCT
ajeer-251	84	3	the	the	DET
ajeer-251	84	4	indirect	indirect	ADJ
ajeer-251	84	5	tax	tax	NOUN
ajeer-251	84	6	,	,	PUNCT
ajeer-251	84	7	debt	debt	NOUN
ajeer-251	84	8	servicing	servicing	NOUN
ajeer-251	84	9	and	and	CCONJ
ajeer-251	84	10	interest	interest	NOUN
ajeer-251	84	11	rate	rate	NOUN
ajeer-251	84	12	are	be	AUX
ajeer-251	84	13	negatively	negatively	ADV
ajeer-251	84	14	linked	link	VERB
ajeer-251	84	15	with	with	ADP
ajeer-251	84	16	private	private	ADJ
ajeer-251	84	17	investment	investment	NOUN
ajeer-251	84	18	.	.	PUNCT
ajeer-251	85	1	also	also	ADV
ajeer-251	85	2	,	,	PUNCT
ajeer-251	85	3	the	the	DET
ajeer-251	85	4	gdp	gdp	NOUN
ajeer-251	85	5	,	,	PUNCT
ajeer-251	85	6	domestic	domestic	ADJ
ajeer-251	85	7	savings	saving	NOUN
ajeer-251	85	8	,	,	PUNCT
ajeer-251	85	9	subsidies	subsidy	NOUN
ajeer-251	85	10	,	,	PUNCT
ajeer-251	85	11	and	and	CCONJ
ajeer-251	85	12	government	government	NOUN
ajeer-251	85	13	development	development	NOUN
ajeer-251	85	14	expenditures	expenditure	NOUN
ajeer-251	85	15	(	(	PUNCT
ajeer-251	85	16	psdp	psdp	ADJ
ajeer-251	85	17	)	)	PUNCT
ajeer-251	85	18	are	be	AUX
ajeer-251	85	19	positively	positively	ADV
ajeer-251	85	20	related	relate	VERB
ajeer-251	85	21	to	to	ADP
ajeer-251	85	22	private	private	ADJ
ajeer-251	85	23	investment	investment	NOUN
ajeer-251	85	24	(	(	PUNCT
ajeer-251	85	25	haroon	haroon	PROPN
ajeer-251	85	26	and	and	CCONJ
ajeer-251	85	27	nasr	nasr	PROPN
ajeer-251	85	28	,	,	PUNCT
ajeer-251	85	29	2011	2011	NUM
ajeer-251	85	30	)	)	PUNCT
ajeer-251	85	31	.	.	PUNCT
ajeer-251	86	1	saghir	saghir	PROPN
ajeer-251	86	2	and	and	CCONJ
ajeer-251	86	3	khan	khan	PROPN
ajeer-251	86	4	(	(	PUNCT
ajeer-251	86	5	2012	2012	NUM
ajeer-251	86	6	)	)	PUNCT
ajeer-251	86	7	examine	examine	VERB
ajeer-251	86	8	the	the	DET
ajeer-251	86	9	determinants	determinant	NOUN
ajeer-251	86	10	of	of	ADP
ajeer-251	86	11	public	public	ADJ
ajeer-251	86	12	and	and	CCONJ
ajeer-251	86	13	private	private	ADJ
ajeer-251	86	14	investment	investment	NOUN
ajeer-251	86	15	.	.	PUNCT
ajeer-251	87	1	they	they	PRON
ajeer-251	87	2	find	find	VERB
ajeer-251	87	3	that	that	SCONJ
ajeer-251	87	4	government	government	NOUN
ajeer-251	87	5	investment	investment	NOUN
ajeer-251	87	6	negatively	negatively	ADV
ajeer-251	87	7	affects	affect	VERB
ajeer-251	87	8	private	private	ADJ
ajeer-251	87	9	investment	investment	NOUN
ajeer-251	87	10	,	,	PUNCT
ajeer-251	87	11	but	but	CCONJ
ajeer-251	87	12	aid	aid	NOUN
ajeer-251	87	13	positively	positively	ADV
ajeer-251	87	14	relates	relate	VERB
ajeer-251	87	15	to	to	ADP
ajeer-251	87	16	government	government	NOUN
ajeer-251	87	17	investment	investment	NOUN
ajeer-251	87	18	in	in	ADP
ajeer-251	87	19	the	the	DET
ajeer-251	87	20	long	long	ADJ
ajeer-251	87	21	run	run	NOUN
ajeer-251	87	22	.	.	PUNCT
ajeer-251	88	1	in	in	ADP
ajeer-251	88	2	the	the	DET
ajeer-251	88	3	case	case	NOUN
ajeer-251	88	4	of	of	ADP
ajeer-251	88	5	pakistan	pakistan	PROPN
ajeer-251	88	6	,	,	PUNCT
ajeer-251	88	7	several	several	ADJ
ajeer-251	88	8	studies	study	NOUN
ajeer-251	88	9	have	have	AUX
ajeer-251	88	10	estimated	estimate	VERB
ajeer-251	88	11	the	the	DET
ajeer-251	88	12	private	private	ADJ
ajeer-251	88	13	investment	investment	NOUN
ajeer-251	88	14	function	function	NOUN
ajeer-251	88	15	.	.	PUNCT
ajeer-251	89	1	but	but	CCONJ
ajeer-251	89	2	they	they	PRON
ajeer-251	89	3	have	have	AUX
ajeer-251	89	4	ignored	ignore	VERB
ajeer-251	89	5	to	to	PART
ajeer-251	89	6	check	check	VERB
ajeer-251	89	7	the	the	DET
ajeer-251	89	8	impact	impact	NOUN
ajeer-251	89	9	of	of	ADP
ajeer-251	89	10	trade	trade	NOUN
ajeer-251	89	11	and	and	CCONJ
ajeer-251	89	12	financial	financial	ADJ
ajeer-251	89	13	liberalization	liberalization	NOUN
ajeer-251	89	14	on	on	ADP
ajeer-251	89	15	private	private	ADJ
ajeer-251	89	16	investment	investment	NOUN
ajeer-251	89	17	.	.	PUNCT
ajeer-251	90	1	this	this	DET
ajeer-251	90	2	study	study	NOUN
ajeer-251	90	3	uses	use	VERB
ajeer-251	90	4	the	the	DET
ajeer-251	90	5	renowned	renowned	ADJ
ajeer-251	90	6	databases	database	NOUN
ajeer-251	90	7	of	of	ADP
ajeer-251	90	8	trade	trade	NOUN
ajeer-251	90	9	and	and	CCONJ
ajeer-251	90	10	financial	financial	ADJ
ajeer-251	90	11	liberalization	liberalization	NOUN
ajeer-251	90	12	such	such	ADJ
ajeer-251	90	13	as	as	ADP
ajeer-251	90	14	abiad	abiad	NOUN
ajeer-251	90	15	et	et	PROPN
ajeer-251	90	16	al	al	PROPN
ajeer-251	90	17	.	.	PROPN
ajeer-251	91	1	(	(	PUNCT
ajeer-251	91	2	2010)8	2010)8	PROPN
ajeer-251	91	3	,	,	PUNCT
ajeer-251	91	4	chinn	chinn	PROPN
ajeer-251	91	5	and	and	CCONJ
ajeer-251	91	6	ito	ito	PROPN
ajeer-251	91	7	(	(	PUNCT
ajeer-251	91	8	2006)9	2006)9	PROPN
ajeer-251	91	9	,	,	PUNCT
ajeer-251	91	10	lane	lane	NOUN
ajeer-251	91	11	and	and	CCONJ
ajeer-251	91	12	milesiferretti	milesiferretti	PROPN
ajeer-251	91	13	(	(	PUNCT
ajeer-251	91	14	2007)10	2007)10	NUM
ajeer-251	91	15	,	,	PUNCT
ajeer-251	91	16	and	and	CCONJ
ajeer-251	91	17	wacziarg	wacziarg	NOUN
ajeer-251	91	18	and	and	CCONJ
ajeer-251	91	19	welch	welch	PROPN
ajeer-251	91	20	(	(	PUNCT
ajeer-251	91	21	2008)11	2008)11	NUM
ajeer-251	91	22	in	in	ADP
ajeer-251	91	23	order	order	NOUN
ajeer-251	91	24	to	to	PART
ajeer-251	91	25	estimate	estimate	VERB
ajeer-251	91	26	the	the	DET
ajeer-251	91	27	private	private	ADJ
ajeer-251	91	28	investment	investment	NOUN
ajeer-251	91	29	model	model	NOUN
ajeer-251	91	30	by	by	ADP
ajeer-251	91	31	using	use	VERB
ajeer-251	91	32	the	the	DET
ajeer-251	91	33	ardl	ardl	NOUN
ajeer-251	91	34	approach	approach	NOUN
ajeer-251	91	35	to	to	ADP
ajeer-251	91	36	cointegration	cointegration	NOUN
ajeer-251	91	37	.	.	PUNCT
ajeer-251	92	1	the	the	DET
ajeer-251	92	2	rest	rest	NOUN
ajeer-251	92	3	of	of	ADP
ajeer-251	92	4	the	the	DET
ajeer-251	92	5	study	study	NOUN
ajeer-251	92	6	is	be	AUX
ajeer-251	92	7	structured	structure	VERB
ajeer-251	92	8	as	as	SCONJ
ajeer-251	92	9	follows	follow	VERB
ajeer-251	92	10	.	.	PUNCT
ajeer-251	93	1	section	section	NOUN
ajeer-251	93	2	2	2	NUM
ajeer-251	93	3	represents	represent	VERB
ajeer-251	93	4	the	the	DET
ajeer-251	93	5	financial	financial	ADJ
ajeer-251	93	6	and	and	CCONJ
ajeer-251	93	7	trade	trade	NOUN
ajeer-251	93	8	reforms	reform	NOUN
ajeer-251	93	9	.	.	PUNCT
ajeer-251	94	1	section	section	NOUN
ajeer-251	94	2	3	3	NUM
ajeer-251	94	3	represents	represent	VERB
ajeer-251	94	4	the	the	DET
ajeer-251	94	5	theoretical	theoretical	ADJ
ajeer-251	94	6	framework	framework	NOUN
ajeer-251	94	7	.	.	PUNCT
ajeer-251	95	1	section	section	NOUN
ajeer-251	95	2	4	4	NUM
ajeer-251	95	3	describes	describe	VERB
ajeer-251	95	4	estimation	estimation	NOUN
ajeer-251	95	5	methodology	methodology	NOUN
ajeer-251	95	6	and	and	CCONJ
ajeer-251	95	7	construction	construction	NOUN
ajeer-251	95	8	of	of	ADP
ajeer-251	95	9	variables	variable	NOUN
ajeer-251	95	10	.	.	PUNCT
ajeer-251	96	1	sections	section	NOUN
ajeer-251	96	2	5	5	NUM
ajeer-251	96	3	report	report	VERB
ajeer-251	96	4	the	the	DET
ajeer-251	96	5	empirical	empirical	ADJ
ajeer-251	96	6	results	result	NOUN
ajeer-251	96	7	,	,	PUNCT
ajeer-251	96	8	and	and	CCONJ
ajeer-251	96	9	the	the	DET
ajeer-251	96	10	last	last	ADJ
ajeer-251	96	11	section	section	NOUN
ajeer-251	96	12	concludes	conclude	VERB
ajeer-251	96	13	the	the	DET
ajeer-251	96	14	study	study	NOUN
ajeer-251	96	15	.	.	PUNCT
ajeer-251	97	1	2	2	X
ajeer-251	97	2	.	.	X
ajeer-251	97	3	financial	financial	ADJ
ajeer-251	97	4	and	and	CCONJ
ajeer-251	97	5	trade	trade	NOUN
ajeer-251	97	6	reforms	reform	NOUN
ajeer-251	97	7	in	in	ADP
ajeer-251	97	8	order	order	NOUN
ajeer-251	97	9	to	to	PART
ajeer-251	97	10	increase	increase	VERB
ajeer-251	97	11	the	the	DET
ajeer-251	97	12	efficiency	efficiency	NOUN
ajeer-251	97	13	of	of	ADP
ajeer-251	97	14	the	the	DET
ajeer-251	97	15	market	market	NOUN
ajeer-251	97	16	,	,	PUNCT
ajeer-251	97	17	financial	financial	ADJ
ajeer-251	97	18	and	and	CCONJ
ajeer-251	97	19	trade	trade	NOUN
ajeer-251	97	20	liberalization	liberalization	NOUN
ajeer-251	97	21	was	be	AUX
ajeer-251	97	22	started	start	VERB
ajeer-251	97	23	in	in	ADP
ajeer-251	97	24	the	the	DET
ajeer-251	97	25	late	late	ADJ
ajeer-251	97	26	1980	1980	NUM
ajeer-251	97	27	's	's	PART
ajeer-251	97	28	by	by	ADP
ajeer-251	97	29	pakistan	pakistan	PROPN
ajeer-251	97	30	policymakers	policymaker	NOUN
ajeer-251	97	31	.	.	PUNCT
ajeer-251	98	1	the	the	DET
ajeer-251	98	2	privatization	privatization	NOUN
ajeer-251	98	3	of	of	ADP
ajeer-251	98	4	national	national	PROPN
ajeer-251	98	5	bank	bank	PROPN
ajeer-251	98	6	was	be	AUX
ajeer-251	98	7	introduced	introduce	VERB
ajeer-251	98	8	to	to	PART
ajeer-251	98	9	improve	improve	VERB
ajeer-251	98	10	the	the	DET
ajeer-251	98	11	efficiency	efficiency	NOUN
ajeer-251	98	12	of	of	ADP
ajeer-251	98	13	the	the	DET
ajeer-251	98	14	banking	banking	NOUN
ajeer-251	98	15	sector	sector	NOUN
ajeer-251	98	16	.	.	PUNCT
ajeer-251	99	1	the	the	DET
ajeer-251	99	2	interest	interest	NOUN
ajeer-251	99	3	rate	rate	NOUN
ajeer-251	99	4	was	be	AUX
ajeer-251	99	5	liberalized	liberalize	VERB
ajeer-251	99	6	by	by	ADP
ajeer-251	99	7	removing	remove	VERB
ajeer-251	99	8	limits	limit	NOUN
ajeer-251	99	9	on	on	ADP
ajeer-251	99	10	maximum	maximum	ADJ
ajeer-251	99	11	lending	lending	NOUN
ajeer-251	99	12	rates	rate	NOUN
ajeer-251	99	13	of	of	ADP
ajeer-251	99	14	banks	bank	NOUN
ajeer-251	99	15	and	and	CCONJ
ajeer-251	99	16	nbfis12	nbfis12	NOUN
ajeer-251	99	17	in	in	ADP
ajeer-251	99	18	march	march	PROPN
ajeer-251	99	19	1995	1995	NUM
ajeer-251	99	20	.	.	PUNCT
ajeer-251	100	1	as	as	ADP
ajeer-251	100	2	part	part	NOUN
ajeer-251	100	3	of	of	ADP
ajeer-251	100	4	liberalization	liberalization	NOUN
ajeer-251	100	5	of	of	ADP
ajeer-251	100	6	the	the	DET
ajeer-251	100	7	financial	financial	ADJ
ajeer-251	100	8	sector	sector	NOUN
ajeer-251	100	9	in	in	ADP
ajeer-251	100	10	1991	1991	NUM
ajeer-251	100	11	,	,	PUNCT
ajeer-251	100	12	the	the	DET
ajeer-251	100	13	pak	pak	NOUN
ajeer-251	100	14	rupee	rupee	NOUN
ajeer-251	100	15	(	(	PUNCT
ajeer-251	100	16	currency	currency	NOUN
ajeer-251	100	17	)	)	PUNCT
ajeer-251	100	18	was	be	AUX
ajeer-251	100	19	made	make	VERB
ajeer-251	100	20	convertible	convertible	ADJ
ajeer-251	100	21	in	in	ADP
ajeer-251	100	22	july	july	PROPN
ajeer-251	100	23	1994	1994	NUM
ajeer-251	100	24	under	under	ADP
ajeer-251	100	25	the	the	DET
ajeer-251	100	26	imf	imf	PROPN
ajeer-251	100	27	article	article	NOUN
ajeer-251	100	28	viii	viii	VERB
ajeer-251	100	29	.	.	PUNCT
ajeer-251	101	1	the	the	DET
ajeer-251	101	2	stock	stock	NOUN
ajeer-251	101	3	market	market	NOUN
ajeer-251	101	4	plays	play	VERB
ajeer-251	101	5	an	an	DET
ajeer-251	101	6	important	important	ADJ
ajeer-251	101	7	role	role	NOUN
ajeer-251	101	8	in	in	ADP
ajeer-251	101	9	resource	resource	NOUN
ajeer-251	101	10	allocation	allocation	NOUN
ajeer-251	101	11	and	and	CCONJ
ajeer-251	101	12	providing	provide	VERB
ajeer-251	101	13	investment	investment	NOUN
ajeer-251	101	14	opportunities	opportunity	NOUN
ajeer-251	101	15	.	.	PUNCT
ajeer-251	102	1	of	of	ADP
ajeer-251	102	2	the	the	DET
ajeer-251	102	3	three	three	NUM
ajeer-251	102	4	stock	stock	NOUN
ajeer-251	102	5	exchanges	exchange	NOUN
ajeer-251	102	6	in	in	ADP
ajeer-251	102	7	pakistan	pakistan	PROPN
ajeer-251	102	8	(	(	PUNCT
ajeer-251	102	9	karachi	karachi	PROPN
ajeer-251	102	10	,	,	PUNCT
ajeer-251	102	11	lahore	lahore	NOUN
ajeer-251	102	12	,	,	PUNCT
ajeer-251	102	13	and	and	CCONJ
ajeer-251	102	14	islamabad	islamabad	PROPN
ajeer-251	102	15	)	)	PUNCT
ajeer-251	102	16	,	,	PUNCT
ajeer-251	102	17	karachi	karachi	PROPN
ajeer-251	102	18	stock	stock	PROPN
ajeer-251	102	19	exchange	exchange	PROPN
ajeer-251	102	20	(	(	PUNCT
ajeer-251	102	21	kse	kse	PROPN
ajeer-251	102	22	)	)	PUNCT
ajeer-251	102	23	,	,	PUNCT
ajeer-251	102	24	of	of	ADP
ajeer-251	102	25	which	which	PRON
ajeer-251	102	26	was	be	AUX
ajeer-251	102	27	established	establish	VERB
ajeer-251	102	28	in	in	ADP
ajeer-251	102	29	1947	1947	NUM
ajeer-251	102	30	,	,	PUNCT
ajeer-251	102	31	dominates	dominate	VERB
ajeer-251	102	32	all	all	DET
ajeer-251	102	33	others	other	NOUN
ajeer-251	102	34	.	.	PUNCT
ajeer-251	103	1	the	the	DET
ajeer-251	103	2	lahore	lahore	PROPN
ajeer-251	103	3	stock	stock	PROPN
ajeer-251	103	4	exchange	exchange	PROPN
ajeer-251	103	5	(	(	PUNCT
ajeer-251	103	6	lse	lse	PROPN
ajeer-251	103	7	)	)	PUNCT
ajeer-251	103	8	and	and	CCONJ
ajeer-251	103	9	the	the	DET
ajeer-251	103	10	islamabad	islamabad	PROPN
ajeer-251	103	11	stock	stock	PROPN
ajeer-251	103	12	exchange	exchange	PROPN
ajeer-251	103	13	(	(	PUNCT
ajeer-251	103	14	ise	ise	PROPN
ajeer-251	103	15	)	)	PUNCT
ajeer-251	103	16	were	be	AUX
ajeer-251	103	17	set	set	VERB
ajeer-251	103	18	up	up	ADP
ajeer-251	103	19	in	in	ADP
ajeer-251	103	20	1974	1974	NUM
ajeer-251	103	21	and	and	CCONJ
ajeer-251	103	22	1997	1997	NUM
ajeer-251	103	23	respectively	respectively	ADV
ajeer-251	103	24	.	.	PUNCT
ajeer-251	104	1	in	in	ADP
ajeer-251	104	2	trade	trade	NOUN
ajeer-251	104	3	reforms	reform	NOUN
ajeer-251	104	4	,	,	PUNCT
ajeer-251	104	5	the	the	DET
ajeer-251	104	6	tariff	tariff	NOUN
ajeer-251	104	7	rate	rate	NOUN
ajeer-251	104	8	was	be	AUX
ajeer-251	104	9	reduced	reduce	VERB
ajeer-251	104	10	and	and	CCONJ
ajeer-251	104	11	restrictions	restriction	NOUN
ajeer-251	104	12	on	on	ADP
ajeer-251	104	13	imports	import	NOUN
ajeer-251	104	14	of	of	ADP
ajeer-251	104	15	non	non	ADJ
ajeer-251	104	16	-	-	ADJ
ajeer-251	104	17	capital	capital	ADJ
ajeer-251	104	18	good	good	NOUN
ajeer-251	104	19	removed	remove	VERB
ajeer-251	104	20	.	.	PUNCT
ajeer-251	105	1	the	the	DET
ajeer-251	105	2	maximum	maximum	ADJ
ajeer-251	105	3	tariff	tariff	NOUN
ajeer-251	105	4	rate	rate	NOUN
ajeer-251	105	5	on	on	ADP
ajeer-251	105	6	imports	import	NOUN
ajeer-251	105	7	levied	levy	VERB
ajeer-251	105	8	was	be	AUX
ajeer-251	105	9	25	25	NUM
ajeer-251	105	10	%	%	NOUN
ajeer-251	105	11	in	in	ADP
ajeer-251	105	12	2005	2005	NUM
ajeer-251	105	13	.	.	PUNCT
ajeer-251	106	1	import	import	NOUN
ajeer-251	106	2	substitution	substitution	NOUN
ajeer-251	106	3	strategies	strategy	NOUN
ajeer-251	106	4	,	,	PUNCT
ajeer-251	106	5	shaped	shape	VERB
ajeer-251	106	6	previously	previously	ADV
ajeer-251	106	7	,	,	PUNCT
ajeer-251	106	8	had	have	VERB
ajeer-251	106	9	an	an	DET
ajeer-251	106	10	anti	anti	ADJ
ajeer-251	106	11	-	-	ADJ
ajeer-251	106	12	export	export	ADJ
ajeer-251	106	13	bias	bias	NOUN
ajeer-251	106	14	in	in	ADP
ajeer-251	106	15	the	the	DET
ajeer-251	106	16	allocation	allocation	NOUN
ajeer-251	106	17	of	of	ADP
ajeer-251	106	18	resources	resource	NOUN
ajeer-251	106	19	which	which	PRON
ajeer-251	106	20	added	add	VERB
ajeer-251	106	21	to	to	ADP
ajeer-251	106	22	inefficiency	inefficiency	NOUN
ajeer-251	106	23	.	.	PUNCT
ajeer-251	107	1	so	so	ADV
ajeer-251	107	2	,	,	PUNCT
ajeer-251	107	3	import	import	NOUN
ajeer-251	107	4	substitution	substitution	NOUN
ajeer-251	107	5	was	be	AUX
ajeer-251	107	6	exchanged	exchange	VERB
ajeer-251	107	7	by	by	ADP
ajeer-251	107	8	export	export	NOUN
ajeer-251	107	9	promotion	promotion	NOUN
ajeer-251	107	10	.	.	PUNCT
ajeer-251	108	1	in	in	ADP
ajeer-251	108	2	order	order	NOUN
ajeer-251	108	3	to	to	PART
ajeer-251	108	4	invite	invite	VERB
ajeer-251	108	5	foreign	foreign	ADJ
ajeer-251	108	6	direct	direct	ADJ
ajeer-251	108	7	investment	investment	NOUN
ajeer-251	108	8	,	,	PUNCT
ajeer-251	108	9	if	if	SCONJ
ajeer-251	108	10	not	not	PART
ajeer-251	108	11	all	all	ADV
ajeer-251	108	12	,	,	PUNCT
ajeer-251	108	13	most	most	ADJ
ajeer-251	108	14	economic	economic	ADJ
ajeer-251	108	15	sectors	sector	NOUN
ajeer-251	108	16	were	be	AUX
ajeer-251	108	17	opened	open	VERB
ajeer-251	108	18	for	for	ADP
ajeer-251	108	19	100	100	NUM
ajeer-251	108	20	%	%	NOUN
ajeer-251	108	21	foreign	foreign	ADJ
ajeer-251	108	22	ownership	ownership	NOUN
ajeer-251	108	23	.	.	PUNCT
ajeer-251	109	1	the	the	DET
ajeer-251	109	2	key	key	ADJ
ajeer-251	109	3	objective	objective	NOUN
ajeer-251	109	4	of	of	ADP
ajeer-251	109	5	the	the	DET
ajeer-251	109	6	reforms	reform	NOUN
ajeer-251	109	7	was	be	AUX
ajeer-251	109	8	to	to	PART
ajeer-251	109	9	attain	attain	VERB
ajeer-251	109	10	self	self	NOUN
ajeer-251	109	11	-	-	PUNCT
ajeer-251	109	12	reliance	reliance	NOUN
ajeer-251	109	13	,	,	PUNCT
ajeer-251	109	14	build	build	VERB
ajeer-251	109	15	up	up	ADP
ajeer-251	109	16	the	the	DET
ajeer-251	109	17	industrial	industrial	ADJ
ajeer-251	109	18	base	base	NOUN
ajeer-251	109	19	,	,	PUNCT
ajeer-251	109	20	root	root	VERB
ajeer-251	109	21	out	out	ADP
ajeer-251	109	22	inefficiency	inefficiency	NOUN
ajeer-251	109	23	,	,	PUNCT
ajeer-251	109	24	improve	improve	VERB
ajeer-251	109	25	the	the	DET
ajeer-251	109	26	exports	export	NOUN
ajeer-251	109	27	and	and	CCONJ
ajeer-251	109	28	reduce	reduce	VERB
ajeer-251	109	29	the	the	DET
ajeer-251	109	30	trade	trade	NOUN
ajeer-251	109	31	deficit	deficit	NOUN
ajeer-251	109	32	.	.	PUNCT
ajeer-251	110	1	3	3	X
ajeer-251	110	2	.	.	X
ajeer-251	110	3	theoretical	theoretical	ADJ
ajeer-251	110	4	framework	framework	NOUN
ajeer-251	110	5	the	the	DET
ajeer-251	110	6	dynamics	dynamic	NOUN
ajeer-251	110	7	of	of	ADP
ajeer-251	110	8	private	private	ADJ
ajeer-251	110	9	investment	investment	NOUN
ajeer-251	110	10	are	be	AUX
ajeer-251	110	11	based	base	VERB
ajeer-251	110	12	on	on	ADP
ajeer-251	110	13	the	the	DET
ajeer-251	110	14	neo	neo	ADJ
ajeer-251	110	15	-	-	ADJ
ajeer-251	110	16	classical	classical	ADJ
ajeer-251	110	17	model	model	NOUN
ajeer-251	110	18	of	of	ADP
ajeer-251	110	19	jorgenson	jorgenson	PROPN
ajeer-251	110	20	(	(	PUNCT
ajeer-251	110	21	1967	1967	NUM
ajeer-251	110	22	)	)	PUNCT
ajeer-251	110	23	.	.	PUNCT
ajeer-251	111	1	we	we	PRON
ajeer-251	111	2	consider	consider	VERB
ajeer-251	111	3	essential	essential	ADJ
ajeer-251	111	4	features	feature	NOUN
ajeer-251	111	5	of	of	ADP
ajeer-251	111	6	developing	develop	VERB
ajeer-251	111	7	countries	country	NOUN
ajeer-251	111	8	.	.	PUNCT
ajeer-251	112	1	in	in	ADP
ajeer-251	112	2	the	the	DET
ajeer-251	112	3	neoclassical	neoclassical	ADJ
ajeer-251	112	4	investment	investment	NOUN
ajeer-251	112	5	model	model	NOUN
ajeer-251	112	6	,	,	PUNCT
ajeer-251	112	7	firms	firm	NOUN
ajeer-251	112	8	'	'	PART
ajeer-251	112	9	maximize	maximize	VERB
ajeer-251	112	10	the	the	DET
ajeer-251	112	11	utility	utility	NOUN
ajeer-251	112	12	of	of	ADP
ajeer-251	112	13	a	a	DET
ajeer-251	112	14	consumption	consumption	NOUN
ajeer-251	112	15	stream	stream	NOUN
ajeer-251	112	16	emphasizing	emphasize	VERB
ajeer-251	112	17	on	on	ADP
ajeer-251	112	18	the	the	DET
ajeer-251	112	19	production	production	NOUN
ajeer-251	112	20	function	function	NOUN
ajeer-251	112	21	which	which	PRON
ajeer-251	112	22	connects	connect	VERB
ajeer-251	112	23	the	the	DET
ajeer-251	112	24	flow	flow	NOUN
ajeer-251	112	25	of	of	ADP
ajeer-251	112	26	output	output	NOUN
ajeer-251	112	27	to	to	ADP
ajeer-251	112	28	the	the	DET
ajeer-251	112	29	flow	flow	NOUN
ajeer-251	112	30	of	of	ADP
ajeer-251	112	31	labour	labour	NOUN
ajeer-251	112	32	and	and	CCONJ
ajeer-251	112	33	capital	capital	NOUN
ajeer-251	112	34	services	service	NOUN
ajeer-251	112	35	(	(	PUNCT
ajeer-251	112	36	jorgenson	jorgenson	PROPN
ajeer-251	112	37	,	,	PUNCT
ajeer-251	112	38	1967	1967	NUM
ajeer-251	112	39	)	)	PUNCT
ajeer-251	112	40	.	.	PUNCT
ajeer-251	113	1	through	through	ADP
ajeer-251	113	2	the	the	DET
ajeer-251	113	3	acquisition	acquisition	NOUN
ajeer-251	113	4	of	of	ADP
ajeer-251	113	5	investment	investment	NOUN
ajeer-251	113	6	goods	good	NOUN
ajeer-251	113	7	,	,	PUNCT
ajeer-251	113	8	firms	firm	NOUN
ajeer-251	113	9	supply	supply	VERB
ajeer-251	113	10	capital	capital	NOUN
ajeer-251	113	11	services	service	NOUN
ajeer-251	113	12	.	.	PUNCT
ajeer-251	114	1	the	the	DET
ajeer-251	114	2	capital	capital	NOUN
ajeer-251	114	3	demand	demand	NOUN
ajeer-251	114	4	is	be	AUX
ajeer-251	114	5	consequently	consequently	ADV
ajeer-251	114	6	a	a	DET
ajeer-251	114	7	derived	derive	VERB
ajeer-251	114	8	demand	demand	NOUN
ajeer-251	114	9	.	.	PUNCT
ajeer-251	115	1	in	in	ADP
ajeer-251	115	2	the	the	DET
ajeer-251	115	3	cobb	cobb	PROPN
ajeer-251	115	4	-	-	PUNCT
ajeer-251	115	5	douglas	douglas	PROPN
ajeer-251	115	6	production	production	NOUN
ajeer-251	115	7	function	function	NOUN
ajeer-251	115	8	(	(	PUNCT
ajeer-251	115	9	equation	equation	NOUN
ajeer-251	115	10	3.1	3.1	NUM
ajeer-251	115	11	)	)	PUNCT
ajeer-251	115	12	the	the	DET
ajeer-251	115	13	anticipated	anticipate	VERB
ajeer-251	115	14	capital	capital	NOUN
ajeer-251	115	15	stock	stock	NOUN
ajeer-251	115	16	can	can	AUX
ajeer-251	115	17	be	be	AUX
ajeer-251	115	18	positively	positively	ADV
ajeer-251	115	19	related	relate	VERB
ajeer-251	115	20	to	to	ADP
ajeer-251	115	21	output	output	NOUN
ajeer-251	115	22	planned	plan	VERB
ajeer-251	115	23	/	/	SYM
ajeer-251	115	24	level	level	NOUN
ajeer-251	115	25	of	of	ADP
ajeer-251	115	26	production	production	NOUN
ajeer-251	115	27	(	(	PUNCT
ajeer-251	115	28	)	)	PUNCT
ajeer-251	115	29	and	and	CCONJ
ajeer-251	115	30	negatively	negatively	ADV
ajeer-251	115	31	to	to	ADP
ajeer-251	115	32	the	the	DET
ajeer-251	115	33	anticipated	anticipate	VERB
ajeer-251	115	34	rental	rental	ADJ
ajeer-251	115	35	cost	cost	NOUN
ajeer-251	115	36	of	of	ADP
ajeer-251	115	37	capital	capital	NOUN
ajeer-251	115	38	as	as	SCONJ
ajeer-251	115	39	follows	follow	VERB
ajeer-251	115	40	:	:	PUNCT
ajeer-251	115	41	(	(	PUNCT
ajeer-251	115	42	3.1	3.1	NUM
ajeer-251	115	43	)	)	PUNCT
ajeer-251	115	44	where	where	SCONJ
ajeer-251	115	45	is	be	AUX
ajeer-251	115	46	the	the	DET
ajeer-251	115	47	distribution	distribution	NOUN
ajeer-251	115	48	parameter	parameter	NOUN
ajeer-251	115	49	.	.	PUNCT
ajeer-251	116	1	there	there	PRON
ajeer-251	116	2	are	be	VERB
ajeer-251	116	3	three	three	NUM
ajeer-251	116	4	components	component	NOUN
ajeer-251	116	5	that	that	PRON
ajeer-251	116	6	determine	determine	VERB
ajeer-251	116	7	the	the	DET
ajeer-251	116	8	cost	cost	NOUN
ajeer-251	116	9	of	of	ADP
ajeer-251	116	10	capital	capital	NOUN
ajeer-251	116	11	,	,	PUNCT
ajeer-251	116	12	(	(	PUNCT
ajeer-251	116	13	equation	equation	NOUN
ajeer-251	116	14	3.1	3.1	NUM
ajeer-251	116	15	)	)	PUNCT
ajeer-251	116	16	.	.	PUNCT
ajeer-251	117	1	they	they	PRON
ajeer-251	117	2	are	be	AUX
ajeer-251	117	3	the	the	DET
ajeer-251	117	4	interest	interest	NOUN
ajeer-251	117	5	rate	rate	NOUN
ajeer-251	117	6	,	,	PUNCT
ajeer-251	117	7	the	the	DET
ajeer-251	117	8	firm	firm	NOUN
ajeer-251	117	9	's	's	PART
ajeer-251	117	10	receive	receive	VERB
ajeer-251	117	11	opportunity	opportunity	NOUN
ajeer-251	117	12	cost	cost	NOUN
ajeer-251	117	13	if	if	SCONJ
ajeer-251	117	14	it	it	PRON
ajeer-251	117	15	traded	trade	VERB
ajeer-251	117	16	the	the	DET
ajeer-251	117	17	capital	capital	NOUN
ajeer-251	117	18	goods	good	NOUN
ajeer-251	117	19	,	,	PUNCT
ajeer-251	117	20	and	and	CCONJ
ajeer-251	117	21	capitalized	capitalize	VERB
ajeer-251	117	22	the	the	DET
ajeer-251	117	23	earnings	earning	NOUN
ajeer-251	117	24	and	and	CCONJ
ajeer-251	117	25	respectively	respectively	ADV
ajeer-251	117	26	indicate	indicate	VERB
ajeer-251	117	27	the	the	DET
ajeer-251	117	28	nominal	nominal	ADJ
ajeer-251	117	29	bank	bank	NOUN
ajeer-251	117	30	lending	lending	NOUN
ajeer-251	117	31	rate	rate	NOUN
ajeer-251	117	32	and	and	CCONJ
ajeer-251	117	33	the	the	DET
ajeer-251	117	34	price	price	NOUN
ajeer-251	117	35	of	of	ADP
ajeer-251	117	36	capital	capital	NOUN
ajeer-251	117	37	8database	8database	NUM
ajeer-251	117	38	of	of	ADP
ajeer-251	117	39	financial	financial	ADJ
ajeer-251	117	40	reforms	reform	NOUN
ajeer-251	117	41	.	.	PUNCT
ajeer-251	118	1	9de	9de	ADJ
ajeer-251	118	2	jure	jure	PROPN
ajeer-251	118	3	indicator	indicator	NOUN
ajeer-251	118	4	of	of	ADP
ajeer-251	118	5	capital	capital	NOUN
ajeer-251	118	6	account	account	NOUN
ajeer-251	118	7	liberalization	liberalization	NOUN
ajeer-251	118	8	.	.	PUNCT
ajeer-251	119	1	10de	10de	ADJ
ajeer-251	119	2	facto	facto	X
ajeer-251	119	3	indicator	indicator	NOUN
ajeer-251	119	4	of	of	ADP
ajeer-251	119	5	capital	capital	NOUN
ajeer-251	119	6	account	account	NOUN
ajeer-251	119	7	liberalization	liberalization	NOUN
ajeer-251	119	8	.	.	PUNCT
ajeer-251	120	1	11de	11de	ADJ
ajeer-251	120	2	jure	jure	PROPN
ajeer-251	120	3	indicator	indicator	NOUN
ajeer-251	120	4	of	of	ADP
ajeer-251	120	5	trade	trade	NOUN
ajeer-251	120	6	liberalization	liberalization	NOUN
ajeer-251	120	7	in	in	ADP
ajeer-251	120	8	the	the	DET
ajeer-251	120	9	studies	study	NOUN
ajeer-251	120	10	.	.	PUNCT
ajeer-251	121	1	12for	12for	ADP
ajeer-251	121	2	trade	trade	NOUN
ajeer-251	121	3	-	-	PUNCT
ajeer-251	121	4	related	relate	VERB
ajeer-251	121	5	mode	mode	NOUN
ajeer-251	121	6	of	of	ADP
ajeer-251	121	7	financing	financing	NOUN
ajeer-251	121	8	.	.	PUNCT
ajeer-251	122	1	asian	asian	ADJ
ajeer-251	122	2	journal	journal	PROPN
ajeer-251	122	3	of	of	ADP
ajeer-251	122	4	economics	economic	NOUN
ajeer-251	122	5	and	and	CCONJ
ajeer-251	122	6	empirical	empirical	ADJ
ajeer-251	122	7	research	research	NOUN
ajeer-251	122	8	,	,	PUNCT
ajeer-251	122	9	2018	2018	NUM
ajeer-251	122	10	,	,	PUNCT
ajeer-251	122	11	5(2	5(2	NUM
ajeer-251	122	12	):	):	PUNCT
ajeer-251	122	13	112	112	NUM
ajeer-251	122	14	-	-	SYM
ajeer-251	122	15	120	120	NUM
ajeer-251	122	16	115	115	NUM
ajeer-251	122	17	goods	good	NOUN
ajeer-251	122	18	.	.	PUNCT
ajeer-251	123	1	the	the	DET
ajeer-251	123	2	depreciation	depreciation	NOUN
ajeer-251	123	3	of	of	ADP
ajeer-251	123	4	the	the	DET
ajeer-251	123	5	capital	capital	NOUN
ajeer-251	123	6	goods	good	NOUN
ajeer-251	123	7	is	be	AUX
ajeer-251	123	8	the	the	DET
ajeer-251	123	9	second	second	ADJ
ajeer-251	123	10	component	component	NOUN
ajeer-251	123	11	,	,	PUNCT
ajeer-251	123	12	which	which	PRON
ajeer-251	123	13	is	be	AUX
ajeer-251	123	14	measured	measure	VERB
ajeer-251	123	15	by	by	ADP
ajeer-251	123	16	where	where	SCONJ
ajeer-251	123	17	is	be	AUX
ajeer-251	123	18	the	the	DET
ajeer-251	123	19	rate	rate	NOUN
ajeer-251	123	20	of	of	ADP
ajeer-251	123	21	depreciation	depreciation	NOUN
ajeer-251	123	22	.	.	PUNCT
ajeer-251	124	1	the	the	DET
ajeer-251	124	2	gain	gain	NOUN
ajeer-251	124	3	/	/	SYM
ajeer-251	124	4	loss	loss	NOUN
ajeer-251	124	5	from	from	ADP
ajeer-251	124	6	anticipated	anticipate	VERB
ajeer-251	124	7	deviations	deviation	NOUN
ajeer-251	124	8	in	in	ADP
ajeer-251	124	9	the	the	DET
ajeer-251	124	10	price	price	NOUN
ajeer-251	124	11	of	of	ADP
ajeer-251	124	12	capital	capital	NOUN
ajeer-251	124	13	is	be	AUX
ajeer-251	124	14	given	give	VERB
ajeer-251	124	15	by	by	ADP
ajeer-251	124	16	:	:	PUNCT
ajeer-251	124	17	where	where	SCONJ
ajeer-251	124	18	is	be	AUX
ajeer-251	124	19	the	the	DET
ajeer-251	124	20	anticipated	anticipated	ADJ
ajeer-251	124	21	fluctuation	fluctuation	NOUN
ajeer-251	124	22	in	in	ADP
ajeer-251	124	23	the	the	DET
ajeer-251	124	24	price	price	NOUN
ajeer-251	124	25	of	of	ADP
ajeer-251	124	26	capital	capital	NOUN
ajeer-251	124	27	goods	good	NOUN
ajeer-251	124	28	.	.	PUNCT
ajeer-251	125	1	these	these	DET
ajeer-251	125	2	terms	term	NOUN
ajeer-251	125	3	are	be	AUX
ajeer-251	125	4	deflated	deflate	VERB
ajeer-251	125	5	by	by	ADP
ajeer-251	125	6	general	general	ADJ
ajeer-251	125	7	price	price	NOUN
ajeer-251	125	8	(	(	PUNCT
ajeer-251	125	9	p	p	NOUN
ajeer-251	125	10	)	)	PUNCT
ajeer-251	125	11	level	level	NOUN
ajeer-251	125	12	in	in	ADP
ajeer-251	125	13	order	order	NOUN
ajeer-251	125	14	to	to	PART
ajeer-251	125	15	convert	convert	VERB
ajeer-251	125	16	in	in	ADP
ajeer-251	125	17	real	real	ADJ
ajeer-251	125	18	terms	term	NOUN
ajeer-251	125	19	.	.	PUNCT
ajeer-251	126	1	(	(	PUNCT
ajeer-251	126	2	3.2	3.2	NUM
ajeer-251	126	3	)	)	PUNCT
ajeer-251	126	4	in	in	ADP
ajeer-251	126	5	equation	equation	NOUN
ajeer-251	126	6	3.3	3.3	NUM
ajeer-251	126	7	the	the	DET
ajeer-251	126	8	gross	gross	ADJ
ajeer-251	126	9	private	private	ADJ
ajeer-251	126	10	investment	investment	NOUN
ajeer-251	126	11	is	be	AUX
ajeer-251	126	12	represented	represent	VERB
ajeer-251	126	13	by	by	ADP
ajeer-251	126	14	:	:	PUNCT
ajeer-251	126	15	(	(	PUNCT
ajeer-251	126	16	3.3	3.3	NUM
ajeer-251	126	17	)	)	PUNCT
ajeer-251	126	18	equation	equation	NOUN
ajeer-251	126	19	3.3	3.3	NUM
ajeer-251	126	20	indicates	indicate	VERB
ajeer-251	126	21	that	that	SCONJ
ajeer-251	126	22	the	the	DET
ajeer-251	126	23	gross	gross	ADJ
ajeer-251	126	24	private	private	ADJ
ajeer-251	126	25	investment	investment	NOUN
ajeer-251	126	26	is	be	AUX
ajeer-251	126	27	the	the	DET
ajeer-251	126	28	collection	collection	NOUN
ajeer-251	126	29	of	of	ADP
ajeer-251	126	30	net	net	ADJ
ajeer-251	126	31	and	and	CCONJ
ajeer-251	126	32	replacement	replacement	NOUN
ajeer-251	126	33	components	component	NOUN
ajeer-251	126	34	.	.	PUNCT
ajeer-251	127	1	the	the	DET
ajeer-251	127	2	actual	actual	ADJ
ajeer-251	127	3	capital	capital	NOUN
ajeer-251	127	4	stock	stock	NOUN
ajeer-251	127	5	does	do	AUX
ajeer-251	127	6	reach	reach	VERB
ajeer-251	127	7	the	the	DET
ajeer-251	127	8	anticipated	anticipate	VERB
ajeer-251	127	9	level	level	NOUN
ajeer-251	127	10	in	in	ADP
ajeer-251	127	11	the	the	DET
ajeer-251	127	12	short	short	ADJ
ajeer-251	127	13	term	term	NOUN
ajeer-251	127	14	.	.	PUNCT
ajeer-251	128	1	thus	thus	ADV
ajeer-251	128	2	,	,	PUNCT
ajeer-251	128	3	equation	equation	NOUN
ajeer-251	128	4	(	(	PUNCT
ajeer-251	128	5	3.3	3.3	NUM
ajeer-251	128	6	)	)	PUNCT
ajeer-251	128	7	is	be	AUX
ajeer-251	128	8	a	a	DET
ajeer-251	128	9	function	function	NOUN
ajeer-251	128	10	of	of	ADP
ajeer-251	128	11	lagged	lag	VERB
ajeer-251	128	12	investment	investment	NOUN
ajeer-251	128	13	and	and	CCONJ
ajeer-251	128	14	adjustment	adjustment	NOUN
ajeer-251	128	15	coefficient	coefficient	NOUN
ajeer-251	128	16	as	as	ADP
ajeer-251	128	17	in	in	ADP
ajeer-251	128	18	equation	equation	NOUN
ajeer-251	128	19	(	(	PUNCT
ajeer-251	128	20	3.4	3.4	NUM
ajeer-251	128	21	)	)	PUNCT
ajeer-251	128	22	.	.	PUNCT
ajeer-251	129	1	[	[	PUNCT
ajeer-251	129	2	]	]	X
ajeer-251	129	3	(	(	PUNCT
ajeer-251	129	4	3.4	3.4	NUM
ajeer-251	129	5	)	)	PUNCT
ajeer-251	129	6	in	in	ADP
ajeer-251	129	7	equation	equation	NOUN
ajeer-251	129	8	3.4	3.4	NUM
ajeer-251	129	9	represents	represent	VERB
ajeer-251	129	10	the	the	DET
ajeer-251	129	11	adjustment	adjustment	NOUN
ajeer-251	129	12	coefficient	coefficient	NOUN
ajeer-251	129	13	,	,	PUNCT
ajeer-251	129	14	and	and	CCONJ
ajeer-251	129	15	refers	refer	VERB
ajeer-251	129	16	to	to	ADP
ajeer-251	129	17	the	the	DET
ajeer-251	129	18	lag	lag	NOUN
ajeer-251	129	19	operator	operator	NOUN
ajeer-251	129	20	,	,	PUNCT
ajeer-251	129	21	(	(	PUNCT
ajeer-251	129	22	e.g.	e.g.	ADV
ajeer-251	129	23	)	)	PUNCT
ajeer-251	129	24	.	.	PUNCT
ajeer-251	130	1	in	in	ADP
ajeer-251	130	2	the	the	DET
ajeer-251	130	3	long	long	ADJ
ajeer-251	130	4	run	run	NOUN
ajeer-251	130	5	,	,	PUNCT
ajeer-251	130	6	firms	firm	NOUN
ajeer-251	130	7	invest	invest	VERB
ajeer-251	130	8	to	to	PART
ajeer-251	130	9	get	get	VERB
ajeer-251	130	10	their	their	PRON
ajeer-251	130	11	anticipated	anticipate	VERB
ajeer-251	130	12	capital	capital	NOUN
ajeer-251	130	13	stock	stock	NOUN
ajeer-251	130	14	to	to	ADP
ajeer-251	130	15	the	the	DET
ajeer-251	130	16	anticipated	anticipate	VERB
ajeer-251	130	17	investment	investment	NOUN
ajeer-251	130	18	,	,	PUNCT
ajeer-251	130	19	as	as	SCONJ
ajeer-251	130	20	specified	specify	VERB
ajeer-251	130	21	by	by	ADP
ajeer-251	130	22	a	a	DET
ajeer-251	130	23	distributed	distribute	VERB
ajeer-251	130	24	lag	lag	NOUN
ajeer-251	130	25	of	of	ADP
ajeer-251	130	26	the	the	DET
ajeer-251	130	27	changes	change	NOUN
ajeer-251	130	28	in	in	ADP
ajeer-251	130	29	desired	desire	VERB
ajeer-251	130	30	capital	capital	NOUN
ajeer-251	130	31	stock	stock	NOUN
ajeer-251	130	32	as	as	SCONJ
ajeer-251	130	33	follows	follow	VERB
ajeer-251	130	34	:	:	PUNCT
ajeer-251	130	35	∑	∑	PUNCT
ajeer-251	130	36	(	(	PUNCT
ajeer-251	130	37	3.5	3.5	NUM
ajeer-251	130	38	)	)	PUNCT
ajeer-251	130	39	substituting	substitute	VERB
ajeer-251	130	40	the	the	DET
ajeer-251	130	41	desired	desire	VERB
ajeer-251	130	42	capital	capital	NOUN
ajeer-251	130	43	stock	stock	NOUN
ajeer-251	130	44	from	from	ADP
ajeer-251	130	45	equation	equation	NOUN
ajeer-251	130	46	(	(	PUNCT
ajeer-251	130	47	3.1	3.1	NUM
ajeer-251	130	48	)	)	PUNCT
ajeer-251	130	49	into	into	ADP
ajeer-251	130	50	equation	equation	NOUN
ajeer-251	130	51	(	(	PUNCT
ajeer-251	130	52	3.5	3.5	NUM
ajeer-251	130	53	)	)	PUNCT
ajeer-251	130	54	we	we	PRON
ajeer-251	130	55	find	find	VERB
ajeer-251	130	56	that	that	SCONJ
ajeer-251	130	57	private	private	ADJ
ajeer-251	130	58	investment	investment	NOUN
ajeer-251	130	59	is	be	AUX
ajeer-251	130	60	a	a	DET
ajeer-251	130	61	function	function	NOUN
ajeer-251	130	62	of	of	ADP
ajeer-251	130	63	the	the	DET
ajeer-251	130	64	cost	cost	NOUN
ajeer-251	130	65	of	of	ADP
ajeer-251	130	66	capital	capital	NOUN
ajeer-251	130	67	,	,	PUNCT
ajeer-251	130	68	output	output	NOUN
ajeer-251	130	69	,	,	PUNCT
ajeer-251	130	70	and	and	CCONJ
ajeer-251	130	71	adjustment	adjustment	NOUN
ajeer-251	130	72	coefficient	coefficient	NOUN
ajeer-251	130	73	;	;	PUNCT
ajeer-251	130	74	∑	∑	PUNCT
ajeer-251	130	75	(	(	PUNCT
ajeer-251	130	76	3.6	3.6	NUM
ajeer-251	130	77	)	)	PUNCT
ajeer-251	130	78	according	accord	VERB
ajeer-251	130	79	to	to	ADP
ajeer-251	130	80	theoretical	theoretical	ADJ
ajeer-251	130	81	literature	literature	NOUN
ajeer-251	130	82	,	,	PUNCT
ajeer-251	130	83	is	be	AUX
ajeer-251	130	84	generally	generally	ADV
ajeer-251	130	85	a	a	DET
ajeer-251	130	86	function	function	NOUN
ajeer-251	130	87	of	of	ADP
ajeer-251	130	88	economic	economic	ADJ
ajeer-251	130	89	aspects	aspect	NOUN
ajeer-251	130	90	that	that	PRON
ajeer-251	130	91	influence	influence	VERB
ajeer-251	130	92	the	the	DET
ajeer-251	130	93	capacity	capacity	NOUN
ajeer-251	130	94	of	of	ADP
ajeer-251	130	95	private	private	ADJ
ajeer-251	130	96	stockholders	stockholder	NOUN
ajeer-251	130	97	to	to	PART
ajeer-251	130	98	attain	attain	VERB
ajeer-251	130	99	the	the	DET
ajeer-251	130	100	anticipated	anticipate	VERB
ajeer-251	130	101	level	level	NOUN
ajeer-251	130	102	of	of	ADP
ajeer-251	130	103	investment	investment	NOUN
ajeer-251	130	104	.	.	PUNCT
ajeer-251	131	1	jorgenson	jorgenson	PROPN
ajeer-251	131	2	investment	investment	NOUN
ajeer-251	131	3	model	model	NOUN
ajeer-251	131	4	considers	consider	VERB
ajeer-251	131	5	a	a	DET
ajeer-251	131	6	perfect	perfect	ADJ
ajeer-251	131	7	financial	financial	ADJ
ajeer-251	131	8	market	market	NOUN
ajeer-251	131	9	where	where	SCONJ
ajeer-251	131	10	an	an	DET
ajeer-251	131	11	unrestricted	unrestricted	ADJ
ajeer-251	131	12	supply	supply	NOUN
ajeer-251	131	13	of	of	ADP
ajeer-251	131	14	capital	capital	NOUN
ajeer-251	131	15	available	available	ADJ
ajeer-251	131	16	for	for	ADP
ajeer-251	131	17	firms	firm	NOUN
ajeer-251	131	18	.	.	PUNCT
ajeer-251	132	1	under	under	ADP
ajeer-251	132	2	this	this	DET
ajeer-251	132	3	outline	outline	NOUN
ajeer-251	132	4	,	,	PUNCT
ajeer-251	132	5	the	the	DET
ajeer-251	132	6	capital	capital	NOUN
ajeer-251	132	7	user	user	NOUN
ajeer-251	132	8	cost	cost	NOUN
ajeer-251	132	9	is	be	AUX
ajeer-251	132	10	a	a	DET
ajeer-251	132	11	vital	vital	ADJ
ajeer-251	132	12	determinant	determinant	NOUN
ajeer-251	132	13	of	of	ADP
ajeer-251	132	14	private	private	ADJ
ajeer-251	132	15	investment	investment	NOUN
ajeer-251	132	16	.	.	PUNCT
ajeer-251	133	1	within	within	ADP
ajeer-251	133	2	this	this	DET
ajeer-251	133	3	context	context	NOUN
ajeer-251	133	4	,	,	PUNCT
ajeer-251	133	5	attention	attention	NOUN
ajeer-251	133	6	has	have	AUX
ajeer-251	133	7	usually	usually	ADV
ajeer-251	133	8	been	be	AUX
ajeer-251	133	9	focused	focus	VERB
ajeer-251	133	10	on	on	ADP
ajeer-251	133	11	the	the	DET
ajeer-251	133	12	implication	implication	NOUN
ajeer-251	133	13	of	of	ADP
ajeer-251	133	14	investment	investment	NOUN
ajeer-251	133	15	tax	tax	NOUN
ajeer-251	133	16	credit	credit	NOUN
ajeer-251	133	17	and	and	CCONJ
ajeer-251	133	18	depreciation	depreciation	NOUN
ajeer-251	133	19	rules	rule	NOUN
ajeer-251	133	20	on	on	ADP
ajeer-251	133	21	the	the	DET
ajeer-251	133	22	cost	cost	NOUN
ajeer-251	133	23	of	of	ADP
ajeer-251	133	24	capital	capital	NOUN
ajeer-251	133	25	.	.	PUNCT
ajeer-251	134	1	on	on	ADP
ajeer-251	134	2	the	the	DET
ajeer-251	134	3	other	other	ADJ
ajeer-251	134	4	hand	hand	NOUN
ajeer-251	134	5	,	,	PUNCT
ajeer-251	134	6	the	the	DET
ajeer-251	134	7	firms	firm	NOUN
ajeer-251	134	8	unable	unable	ADJ
ajeer-251	134	9	to	to	PART
ajeer-251	134	10	access	access	VERB
ajeer-251	134	11	an	an	DET
ajeer-251	134	12	unlimited	unlimited	ADJ
ajeer-251	134	13	supply	supply	NOUN
ajeer-251	134	14	of	of	ADP
ajeer-251	134	15	credit	credit	NOUN
ajeer-251	134	16	in	in	ADP
ajeer-251	134	17	financially	financially	ADV
ajeer-251	134	18	repressed	repressed	ADJ
ajeer-251	134	19	systems	system	NOUN
ajeer-251	134	20	,	,	PUNCT
ajeer-251	134	21	while	while	SCONJ
ajeer-251	134	22	the	the	DET
ajeer-251	134	23	neoclassical	neoclassical	ADJ
ajeer-251	134	24	model	model	NOUN
ajeer-251	134	25	assumes	assume	VERB
ajeer-251	134	26	a	a	DET
ajeer-251	134	27	competitive	competitive	ADJ
ajeer-251	134	28	market	market	NOUN
ajeer-251	134	29	.	.	PUNCT
ajeer-251	135	1	stiglitz	stiglitz	PROPN
ajeer-251	135	2	and	and	CCONJ
ajeer-251	135	3	weiss	weiss	PROPN
ajeer-251	135	4	(	(	PUNCT
ajeer-251	135	5	1981	1981	NUM
ajeer-251	135	6	)	)	PUNCT
ajeer-251	135	7	point	point	NOUN
ajeer-251	135	8	to	to	ADP
ajeer-251	135	9	the	the	DET
ajeer-251	135	10	credit	credit	NOUN
ajeer-251	135	11	restraints	restraint	NOUN
ajeer-251	135	12	due	due	ADJ
ajeer-251	135	13	to	to	ADP
ajeer-251	135	14	market	market	NOUN
ajeer-251	135	15	imperfection	imperfection	NOUN
ajeer-251	135	16	such	such	ADJ
ajeer-251	135	17	as	as	ADP
ajeer-251	135	18	asymmetric	asymmetric	ADJ
ajeer-251	135	19	information	information	NOUN
ajeer-251	135	20	and	and	CCONJ
ajeer-251	135	21	agency	agency	NOUN
ajeer-251	135	22	problems	problem	NOUN
ajeer-251	135	23	in	in	ADP
ajeer-251	135	24	developing	develop	VERB
ajeer-251	135	25	countries	country	NOUN
ajeer-251	135	26	.	.	PUNCT
ajeer-251	136	1	thus	thus	ADV
ajeer-251	136	2	,	,	PUNCT
ajeer-251	136	3	credit	credit	NOUN
ajeer-251	136	4	restraints	restraint	NOUN
ajeer-251	136	5	discourage	discourage	VERB
ajeer-251	136	6	investment	investment	NOUN
ajeer-251	136	7	projects	project	NOUN
ajeer-251	136	8	,	,	PUNCT
ajeer-251	136	9	in	in	ADP
ajeer-251	136	10	general	general	ADJ
ajeer-251	136	11	.	.	PUNCT
ajeer-251	137	1	in	in	ADP
ajeer-251	137	2	the	the	DET
ajeer-251	137	3	seminal	seminal	ADJ
ajeer-251	137	4	work	work	NOUN
ajeer-251	137	5	on	on	ADP
ajeer-251	137	6	financial	financial	ADJ
ajeer-251	137	7	liberalization	liberalization	NOUN
ajeer-251	137	8	,	,	PUNCT
ajeer-251	137	9	mckinnon	mckinnon	PROPN
ajeer-251	137	10	(	(	PUNCT
ajeer-251	137	11	1973	1973	NUM
ajeer-251	137	12	)	)	PUNCT
ajeer-251	137	13	and	and	CCONJ
ajeer-251	137	14	shaw	shaw	PROPN
ajeer-251	137	15	(	(	PUNCT
ajeer-251	137	16	1973	1973	NUM
ajeer-251	137	17	)	)	PUNCT
ajeer-251	137	18	explain	explain	VERB
ajeer-251	137	19	the	the	DET
ajeer-251	137	20	problem	problem	NOUN
ajeer-251	137	21	of	of	ADP
ajeer-251	137	22	financial	financial	ADJ
ajeer-251	137	23	repression	repression	NOUN
ajeer-251	137	24	in	in	ADP
ajeer-251	137	25	the	the	DET
ajeer-251	137	26	developing	develop	VERB
ajeer-251	137	27	countries	country	NOUN
ajeer-251	137	28	and	and	CCONJ
ajeer-251	137	29	offer	offer	VERB
ajeer-251	137	30	a	a	DET
ajeer-251	137	31	new	new	ADJ
ajeer-251	137	32	model	model	NOUN
ajeer-251	137	33	in	in	ADP
ajeer-251	137	34	the	the	DET
ajeer-251	137	35	policy	policy	NOUN
ajeer-251	137	36	of	of	ADP
ajeer-251	137	37	financial	financial	ADJ
ajeer-251	137	38	liberalization	liberalization	NOUN
ajeer-251	137	39	.	.	PUNCT
ajeer-251	138	1	they	they	PRON
ajeer-251	138	2	define	define	VERB
ajeer-251	138	3	that	that	SCONJ
ajeer-251	138	4	financial	financial	ADJ
ajeer-251	138	5	repression	repression	NOUN
ajeer-251	138	6	policies	policy	NOUN
ajeer-251	138	7	were	be	AUX
ajeer-251	138	8	the	the	DET
ajeer-251	138	9	main	main	ADJ
ajeer-251	138	10	reason	reason	NOUN
ajeer-251	138	11	of	of	ADP
ajeer-251	138	12	low	low	ADJ
ajeer-251	138	13	investment	investment	NOUN
ajeer-251	138	14	and	and	CCONJ
ajeer-251	138	15	poor	poor	ADJ
ajeer-251	138	16	economic	economic	ADJ
ajeer-251	138	17	performance	performance	NOUN
ajeer-251	138	18	of	of	ADP
ajeer-251	138	19	developing	develop	VERB
ajeer-251	138	20	countries	country	NOUN
ajeer-251	138	21	in	in	ADP
ajeer-251	138	22	the	the	DET
ajeer-251	138	23	1960s	1960	NOUN
ajeer-251	138	24	.	.	PUNCT
ajeer-251	139	1	in	in	ADP
ajeer-251	139	2	the	the	DET
ajeer-251	139	3	controlled	control	VERB
ajeer-251	139	4	financial	financial	ADJ
ajeer-251	139	5	market	market	NOUN
ajeer-251	139	6	,	,	PUNCT
ajeer-251	139	7	the	the	DET
ajeer-251	139	8	funds	fund	NOUN
ajeer-251	139	9	can	can	AUX
ajeer-251	139	10	be	be	AUX
ajeer-251	139	11	allocated	allocate	VERB
ajeer-251	139	12	based	base	VERB
ajeer-251	139	13	on	on	ADP
ajeer-251	139	14	the	the	DET
ajeer-251	139	15	willingness	willingness	NOUN
ajeer-251	139	16	of	of	ADP
ajeer-251	139	17	policymakers	policymaker	NOUN
ajeer-251	139	18	,	,	PUNCT
ajeer-251	139	19	so	so	ADV
ajeer-251	139	20	both	both	CCONJ
ajeer-251	139	21	quantitative	quantitative	ADJ
ajeer-251	139	22	and	and	CCONJ
ajeer-251	139	23	qualitative	qualitative	ADJ
ajeer-251	139	24	investment	investment	NOUN
ajeer-251	139	25	suffered	suffer	VERB
ajeer-251	139	26	.	.	PUNCT
ajeer-251	140	1	their	their	PRON
ajeer-251	140	2	theories	theory	NOUN
ajeer-251	140	3	suggest	suggest	VERB
ajeer-251	140	4	that	that	SCONJ
ajeer-251	140	5	loan	loan	NOUN
ajeer-251	140	6	issued	issue	VERB
ajeer-251	140	7	at	at	ADP
ajeer-251	140	8	an	an	DET
ajeer-251	140	9	artificially	artificially	ADV
ajeer-251	140	10	low	low	ADJ
ajeer-251	140	11	-	-	PUNCT
ajeer-251	140	12	interest	interest	NOUN
ajeer-251	140	13	rate	rate	NOUN
ajeer-251	140	14	,	,	PUNCT
ajeer-251	140	15	directed	direct	VERB
ajeer-251	140	16	credit	credit	NOUN
ajeer-251	140	17	programs	program	NOUN
ajeer-251	140	18	,	,	PUNCT
ajeer-251	140	19	and	and	CCONJ
ajeer-251	140	20	high	high	ADJ
ajeer-251	140	21	reserve	reserve	NOUN
ajeer-251	140	22	requirements	requirement	NOUN
ajeer-251	140	23	are	be	AUX
ajeer-251	140	24	major	major	ADJ
ajeer-251	140	25	distortions	distortion	NOUN
ajeer-251	140	26	in	in	ADP
ajeer-251	140	27	the	the	DET
ajeer-251	140	28	financial	financial	ADJ
ajeer-251	140	29	systems	system	NOUN
ajeer-251	140	30	.	.	PUNCT
ajeer-251	141	1	these	these	PRON
ajeer-251	141	2	can	can	AUX
ajeer-251	141	3	be	be	AUX
ajeer-251	141	4	prevented	prevent	VERB
ajeer-251	141	5	by	by	ADP
ajeer-251	141	6	efficient	efficient	ADJ
ajeer-251	141	7	resource	resource	NOUN
ajeer-251	141	8	allocation	allocation	NOUN
ajeer-251	141	9	via	via	ADP
ajeer-251	141	10	the	the	DET
ajeer-251	141	11	reduction	reduction	NOUN
ajeer-251	141	12	in	in	ADP
ajeer-251	141	13	savings	saving	NOUN
ajeer-251	141	14	and	and	CCONJ
ajeer-251	141	15	capital	capital	NOUN
ajeer-251	141	16	accumulation	accumulation	NOUN
ajeer-251	141	17	.	.	PUNCT
ajeer-251	142	1	consequently	consequently	ADV
ajeer-251	142	2	,	,	PUNCT
ajeer-251	142	3	they	they	PRON
ajeer-251	142	4	support	support	VERB
ajeer-251	142	5	financial	financial	ADJ
ajeer-251	142	6	liberalization	liberalization	NOUN
ajeer-251	142	7	policies	policy	NOUN
ajeer-251	142	8	,	,	PUNCT
ajeer-251	142	9	which	which	PRON
ajeer-251	142	10	is	be	AUX
ajeer-251	142	11	referred	refer	VERB
ajeer-251	142	12	to	to	ADP
ajeer-251	142	13	as	as	ADP
ajeer-251	142	14	the	the	DET
ajeer-251	142	15	process	process	NOUN
ajeer-251	142	16	of	of	ADP
ajeer-251	142	17	elimination	elimination	NOUN
ajeer-251	142	18	of	of	ADP
ajeer-251	142	19	financial	financial	ADJ
ajeer-251	142	20	repression	repression	NOUN
ajeer-251	142	21	in	in	ADP
ajeer-251	142	22	order	order	NOUN
ajeer-251	142	23	to	to	PART
ajeer-251	142	24	motivate	motivate	VERB
ajeer-251	142	25	private	private	ADJ
ajeer-251	142	26	investment	investment	NOUN
ajeer-251	142	27	and	and	CCONJ
ajeer-251	142	28	economic	economic	ADJ
ajeer-251	142	29	growth	growth	NOUN
ajeer-251	142	30	.	.	PUNCT
ajeer-251	143	1	in	in	ADP
ajeer-251	143	2	contrast	contrast	NOUN
ajeer-251	143	3	,	,	PUNCT
ajeer-251	143	4	the	the	DET
ajeer-251	143	5	neo	neo	NOUN
ajeer-251	143	6	-	-	NOUN
ajeer-251	143	7	structuralists	structuralist	NOUN
ajeer-251	143	8	suggest	suggest	VERB
ajeer-251	143	9	that	that	SCONJ
ajeer-251	143	10	it	it	PRON
ajeer-251	143	11	is	be	AUX
ajeer-251	143	12	not	not	PART
ajeer-251	143	13	necessary	necessary	ADJ
ajeer-251	143	14	for	for	SCONJ
ajeer-251	143	15	financial	financial	ADJ
ajeer-251	143	16	liberalization	liberalization	NOUN
ajeer-251	143	17	to	to	PART
ajeer-251	143	18	lead	lead	VERB
ajeer-251	143	19	investment	investment	NOUN
ajeer-251	143	20	because	because	SCONJ
ajeer-251	143	21	the	the	DET
ajeer-251	143	22	formal	formal	ADJ
ajeer-251	143	23	financial	financial	ADJ
ajeer-251	143	24	systems	system	NOUN
ajeer-251	143	25	are	be	AUX
ajeer-251	143	26	subject	subject	ADJ
ajeer-251	143	27	to	to	ADP
ajeer-251	143	28	reserve	reserve	NOUN
ajeer-251	143	29	requirements	requirement	NOUN
ajeer-251	143	30	,	,	PUNCT
ajeer-251	143	31	which	which	PRON
ajeer-251	143	32	contain	contain	VERB
ajeer-251	143	33	a	a	DET
ajeer-251	143	34	leakage	leakage	NOUN
ajeer-251	143	35	in	in	ADP
ajeer-251	143	36	the	the	DET
ajeer-251	143	37	intermediation	intermediation	NOUN
ajeer-251	143	38	process	process	NOUN
ajeer-251	143	39	,	,	PUNCT
ajeer-251	143	40	the	the	DET
ajeer-251	143	41	neo	neo	NOUN
ajeer-251	143	42	-	-	NOUN
ajeer-251	143	43	structuralists	structuralist	NOUN
ajeer-251	143	44	claim	claim	VERB
ajeer-251	143	45	that	that	SCONJ
ajeer-251	143	46	unorganized	unorganized	ADJ
ajeer-251	143	47	markets	market	NOUN
ajeer-251	143	48	do	do	VERB
ajeer-251	143	49	better	well	ADV
ajeer-251	143	50	in	in	ADP
ajeer-251	143	51	intermediating	intermediate	VERB
ajeer-251	143	52	process	process	NOUN
ajeer-251	143	53	between	between	ADP
ajeer-251	143	54	savers	saver	NOUN
ajeer-251	143	55	and	and	CCONJ
ajeer-251	143	56	investors	investor	NOUN
ajeer-251	143	57	van	van	PROPN
ajeer-251	143	58	wijnbergen	wijnbergen	PROPN
ajeer-251	143	59	(	(	PUNCT
ajeer-251	143	60	1982	1982	NUM
ajeer-251	143	61	)	)	PUNCT
ajeer-251	143	62	and	and	CCONJ
ajeer-251	143	63	taylor	taylor	PROPN
ajeer-251	143	64	(	(	PUNCT
ajeer-251	143	65	1983	1983	NUM
ajeer-251	143	66	)	)	PUNCT
ajeer-251	143	67	.	.	PUNCT
ajeer-251	144	1	the	the	DET
ajeer-251	144	2	control	control	NOUN
ajeer-251	144	3	on	on	ADP
ajeer-251	144	4	interest	interest	NOUN
ajeer-251	144	5	rate	rate	NOUN
ajeer-251	144	6	may	may	AUX
ajeer-251	144	7	increase	increase	VERB
ajeer-251	144	8	savings	saving	NOUN
ajeer-251	144	9	in	in	ADP
ajeer-251	144	10	the	the	DET
ajeer-251	144	11	existence	existence	NOUN
ajeer-251	144	12	of	of	ADP
ajeer-251	144	13	supremacy	supremacy	NOUN
ajeer-251	144	14	of	of	ADP
ajeer-251	144	15	financial	financial	ADJ
ajeer-251	144	16	systems	system	NOUN
ajeer-251	144	17	(	(	PUNCT
ajeer-251	144	18	stiglitz	stiglitz	PROPN
ajeer-251	144	19	,	,	PUNCT
ajeer-251	144	20	1994b	1994b	NUM
ajeer-251	144	21	)	)	PUNCT
ajeer-251	144	22	.	.	PUNCT
ajeer-251	145	1	the	the	DET
ajeer-251	145	2	neo	neo	NOUN
ajeer-251	145	3	-	-	NOUN
ajeer-251	145	4	structuralists	structuralist	NOUN
ajeer-251	145	5	agree	agree	VERB
ajeer-251	145	6	with	with	ADP
ajeer-251	145	7	mckinnon	mckinnon	PROPN
ajeer-251	145	8	–	–	PUNCT
ajeer-251	145	9	shaw	shaw	PROPN
ajeer-251	145	10	school	school	NOUN
ajeer-251	145	11	of	of	ADP
ajeer-251	145	12	thought	thought	NOUN
ajeer-251	145	13	on	on	ADP
ajeer-251	145	14	the	the	DET
ajeer-251	145	15	reserve	reserve	NOUN
ajeer-251	145	16	requirement	requirement	NOUN
ajeer-251	145	17	because	because	SCONJ
ajeer-251	145	18	it	it	PRON
ajeer-251	145	19	may	may	AUX
ajeer-251	145	20	cause	cause	VERB
ajeer-251	145	21	leakage	leakage	NOUN
ajeer-251	145	22	in	in	ADP
ajeer-251	145	23	the	the	DET
ajeer-251	145	24	intermediation	intermediation	NOUN
ajeer-251	145	25	process	process	NOUN
ajeer-251	145	26	(	(	PUNCT
ajeer-251	145	27	fry	fry	NOUN
ajeer-251	145	28	,	,	PUNCT
ajeer-251	145	29	1988	1988	NUM
ajeer-251	145	30	)	)	PUNCT
ajeer-251	145	31	.	.	PUNCT
ajeer-251	146	1	on	on	ADP
ajeer-251	146	2	the	the	DET
ajeer-251	146	3	other	other	ADJ
ajeer-251	146	4	hand	hand	NOUN
ajeer-251	146	5	,	,	PUNCT
ajeer-251	146	6	courakis	courakis	PROPN
ajeer-251	146	7	(	(	PUNCT
ajeer-251	146	8	1984	1984	NUM
ajeer-251	146	9	)	)	PUNCT
ajeer-251	146	10	shows	show	VERB
ajeer-251	146	11	that	that	SCONJ
ajeer-251	146	12	higher	high	ADJ
ajeer-251	146	13	reserve	reserve	NOUN
ajeer-251	146	14	requirements	requirement	NOUN
ajeer-251	146	15	increase	increase	VERB
ajeer-251	146	16	deposit	deposit	NOUN
ajeer-251	146	17	rate	rate	NOUN
ajeer-251	146	18	and	and	CCONJ
ajeer-251	146	19	thus	thus	ADV
ajeer-251	146	20	the	the	DET
ajeer-251	146	21	size	size	NOUN
ajeer-251	146	22	of	of	ADP
ajeer-251	146	23	loanable	loanable	ADJ
ajeer-251	146	24	funds	fund	NOUN
ajeer-251	146	25	,	,	PUNCT
ajeer-251	146	26	under	under	ADP
ajeer-251	146	27	the	the	DET
ajeer-251	146	28	assumption	assumption	NOUN
ajeer-251	146	29	that	that	SCONJ
ajeer-251	146	30	the	the	DET
ajeer-251	146	31	demand	demand	NOUN
ajeer-251	146	32	for	for	ADP
ajeer-251	146	33	loanable	loanable	ADJ
ajeer-251	146	34	funds	fund	NOUN
ajeer-251	146	35	is	be	AUX
ajeer-251	146	36	not	not	PART
ajeer-251	146	37	perfectly	perfectly	ADV
ajeer-251	146	38	inelastic	inelastic	ADJ
ajeer-251	146	39	.	.	PUNCT
ajeer-251	147	1	schwarz	schwarz	NOUN
ajeer-251	147	2	(	(	PUNCT
ajeer-251	147	3	1992	1992	NUM
ajeer-251	147	4	)	)	PUNCT
ajeer-251	147	5	argues	argue	VERB
ajeer-251	147	6	that	that	SCONJ
ajeer-251	147	7	directed	direct	VERB
ajeer-251	147	8	credit	credit	NOUN
ajeer-251	147	9	programs	program	NOUN
ajeer-251	147	10	boost	boost	VERB
ajeer-251	147	11	investment	investment	NOUN
ajeer-251	147	12	in	in	ADP
ajeer-251	147	13	the	the	DET
ajeer-251	147	14	targeted	target	VERB
ajeer-251	147	15	sectors	sector	NOUN
ajeer-251	147	16	and	and	CCONJ
ajeer-251	147	17	thus	thus	ADV
ajeer-251	147	18	adds	add	VERB
ajeer-251	147	19	to	to	ADP
ajeer-251	147	20	gains	gain	NOUN
ajeer-251	147	21	.	.	PUNCT
ajeer-251	148	1	furthermore	furthermore	ADV
ajeer-251	148	2	,	,	PUNCT
ajeer-251	148	3	the	the	DET
ajeer-251	148	4	financial	financial	ADJ
ajeer-251	148	5	openness	openness	NOUN
ajeer-251	148	6	may	may	AUX
ajeer-251	148	7	assist	assist	VERB
ajeer-251	148	8	the	the	DET
ajeer-251	148	9	domestic	domestic	ADJ
ajeer-251	148	10	financial	financial	ADJ
ajeer-251	148	11	system	system	NOUN
ajeer-251	148	12	,	,	PUNCT
ajeer-251	148	13	thus	thus	ADV
ajeer-251	148	14	there	there	PRON
ajeer-251	148	15	will	will	AUX
ajeer-251	148	16	be	be	AUX
ajeer-251	148	17	a	a	DET
ajeer-251	148	18	more	more	ADV
ajeer-251	148	19	efficient	efficient	ADJ
ajeer-251	148	20	allocation	allocation	NOUN
ajeer-251	148	21	of	of	ADP
ajeer-251	148	22	capital	capital	NOUN
ajeer-251	148	23	,	,	PUNCT
ajeer-251	148	24	more	more	ADJ
ajeer-251	148	25	investment	investment	NOUN
ajeer-251	148	26	and	and	CCONJ
ajeer-251	148	27	higher	high	ADJ
ajeer-251	148	28	economic	economic	ADJ
ajeer-251	148	29	growth	growth	NOUN
ajeer-251	148	30	in	in	ADP
ajeer-251	148	31	the	the	DET
ajeer-251	148	32	country	country	NOUN
ajeer-251	148	33	(	(	PUNCT
ajeer-251	148	34	levine	levine	PROPN
ajeer-251	148	35	,	,	PUNCT
ajeer-251	148	36	2001	2001	NUM
ajeer-251	148	37	)	)	PUNCT
ajeer-251	148	38	.	.	PUNCT
ajeer-251	149	1	lahiri	lahiri	PROPN
ajeer-251	149	2	(	(	PUNCT
ajeer-251	149	3	2001	2001	NUM
ajeer-251	149	4	)	)	PUNCT
ajeer-251	149	5	argues	argue	VERB
ajeer-251	149	6	that	that	SCONJ
ajeer-251	149	7	capital	capital	NOUN
ajeer-251	149	8	mobility	mobility	NOUN
ajeer-251	149	9	can	can	AUX
ajeer-251	149	10	be	be	AUX
ajeer-251	149	11	destabilizing	destabilizing	ADJ
ajeer-251	149	12	in	in	ADP
ajeer-251	149	13	the	the	DET
ajeer-251	149	14	sense	sense	NOUN
ajeer-251	149	15	that	that	SCONJ
ajeer-251	149	16	it	it	PRON
ajeer-251	149	17	increases	increase	VERB
ajeer-251	149	18	the	the	DET
ajeer-251	149	19	chance	chance	NOUN
ajeer-251	149	20	of	of	ADP
ajeer-251	149	21	multiple	multiple	ADJ
ajeer-251	149	22	equilibria	equilibrium	NOUN
ajeer-251	149	23	.	.	PUNCT
ajeer-251	150	1	bhagwati	bhagwati	PROPN
ajeer-251	150	2	(	(	PUNCT
ajeer-251	150	3	1998	1998	NUM
ajeer-251	150	4	)	)	PUNCT
ajeer-251	150	5	;	;	PUNCT
ajeer-251	150	6	rodrik	rodrik	NOUN
ajeer-251	150	7	(	(	PUNCT
ajeer-251	150	8	1998	1998	NUM
ajeer-251	150	9	)	)	PUNCT
ajeer-251	150	10	and	and	CCONJ
ajeer-251	150	11	stiglitz	stiglitz	PROPN
ajeer-251	150	12	(	(	PUNCT
ajeer-251	150	13	2000	2000	NUM
ajeer-251	150	14	)	)	PUNCT
ajeer-251	150	15	show	show	VERB
ajeer-251	150	16	that	that	SCONJ
ajeer-251	150	17	financial	financial	ADJ
ajeer-251	150	18	openness	openness	NOUN
ajeer-251	150	19	is	be	AUX
ajeer-251	150	20	not	not	PART
ajeer-251	150	21	necessarily	necessarily	ADV
ajeer-251	150	22	welfare	welfare	NOUN
ajeer-251	150	23	augmenting	augment	VERB
ajeer-251	150	24	in	in	ADP
ajeer-251	150	25	the	the	DET
ajeer-251	150	26	presence	presence	NOUN
ajeer-251	150	27	of	of	ADP
ajeer-251	150	28	distortions	distortion	NOUN
ajeer-251	150	29	such	such	ADJ
ajeer-251	150	30	as	as	ADP
ajeer-251	150	31	trade	trade	NOUN
ajeer-251	150	32	barriers	barrier	NOUN
ajeer-251	150	33	,	,	PUNCT
ajeer-251	150	34	weak	weak	ADJ
ajeer-251	150	35	institutions	institution	NOUN
ajeer-251	150	36	,	,	PUNCT
ajeer-251	150	37	macroeconomic	macroeconomic	ADJ
ajeer-251	150	38	imbalances	imbalance	NOUN
ajeer-251	150	39	or	or	CCONJ
ajeer-251	150	40	information	information	NOUN
ajeer-251	150	41	asymmetries	asymmetry	NOUN
ajeer-251	150	42	.	.	PUNCT
ajeer-251	151	1	thus	thus	ADV
ajeer-251	151	2	,	,	PUNCT
ajeer-251	151	3	it	it	PRON
ajeer-251	151	4	appears	appear	VERB
ajeer-251	151	5	that	that	SCONJ
ajeer-251	151	6	the	the	DET
ajeer-251	151	7	impact	impact	NOUN
ajeer-251	151	8	of	of	ADP
ajeer-251	151	9	financial	financial	ADJ
ajeer-251	151	10	sector	sector	NOUN
ajeer-251	151	11	policies	policy	NOUN
ajeer-251	151	12	on	on	ADP
ajeer-251	151	13	private	private	ADJ
ajeer-251	151	14	investment	investment	NOUN
ajeer-251	151	15	is	be	AUX
ajeer-251	151	16	theoretically	theoretically	ADV
ajeer-251	151	17	ambiguous	ambiguous	ADJ
ajeer-251	151	18	.	.	PUNCT
ajeer-251	152	1	baldwin	baldwin	PROPN
ajeer-251	152	2	(	(	PUNCT
ajeer-251	152	3	1989	1989	NUM
ajeer-251	152	4	)	)	PUNCT
ajeer-251	152	5	explores	explore	VERB
ajeer-251	152	6	the	the	DET
ajeer-251	152	7	effect	effect	NOUN
ajeer-251	152	8	of	of	ADP
ajeer-251	152	9	trade	trade	NOUN
ajeer-251	152	10	policy	policy	NOUN
ajeer-251	152	11	on	on	ADP
ajeer-251	152	12	capital	capital	NOUN
ajeer-251	152	13	accumulation	accumulation	NOUN
ajeer-251	152	14	(	(	PUNCT
ajeer-251	152	15	human	human	NOUN
ajeer-251	152	16	,	,	PUNCT
ajeer-251	152	17	knowledge	knowledge	NOUN
ajeer-251	152	18	,	,	PUNCT
ajeer-251	152	19	and	and	CCONJ
ajeer-251	152	20	physical	physical	ADJ
ajeer-251	152	21	)	)	PUNCT
ajeer-251	152	22	.	.	PUNCT
ajeer-251	153	1	he	he	PRON
ajeer-251	153	2	suggests	suggest	VERB
ajeer-251	153	3	that	that	SCONJ
ajeer-251	153	4	medium	medium	ADJ
ajeer-251	153	5	-	-	PUNCT
ajeer-251	153	6	run	run	NOUN
ajeer-251	153	7	growth	growth	NOUN
ajeer-251	153	8	or	or	CCONJ
ajeer-251	153	9	accumulation	accumulation	NOUN
ajeer-251	153	10	works	work	VERB
ajeer-251	153	11	through	through	ADP
ajeer-251	153	12	savings	saving	NOUN
ajeer-251	153	13	and	and	CCONJ
ajeer-251	153	14	investment	investment	NOUN
ajeer-251	153	15	.	.	PUNCT
ajeer-251	154	1	trade	trade	NOUN
ajeer-251	154	2	liberalization	liberalization	NOUN
ajeer-251	154	3	increases	increase	VERB
ajeer-251	154	4	the	the	DET
ajeer-251	154	5	efficiency	efficiency	NOUN
ajeer-251	154	6	of	of	ADP
ajeer-251	154	7	resource	resource	NOUN
ajeer-251	154	8	allocation	allocation	NOUN
ajeer-251	154	9	;	;	PUNCT
ajeer-251	154	10	and	and	CCONJ
ajeer-251	154	11	the	the	DET
ajeer-251	154	12	possibility	possibility	NOUN
ajeer-251	154	13	of	of	ADP
ajeer-251	154	14	consumption	consumption	NOUN
ajeer-251	154	15	and	and	CCONJ
ajeer-251	154	16	investment	investment	NOUN
ajeer-251	154	17	in	in	ADP
ajeer-251	154	18	the	the	DET
ajeer-251	154	19	static	static	ADJ
ajeer-251	154	20	model	model	NOUN
ajeer-251	154	21	(	(	PUNCT
ajeer-251	154	22	francois	francois	PROPN
ajeer-251	154	23	et	et	PROPN
ajeer-251	154	24	al	al	PROPN
ajeer-251	154	25	.	.	PROPN
ajeer-251	154	26	,	,	PUNCT
ajeer-251	154	27	1999	1999	NUM
ajeer-251	154	28	)	)	PUNCT
ajeer-251	154	29	.	.	PUNCT
ajeer-251	155	1	trade	trade	NOUN
ajeer-251	155	2	liberalization	liberalization	NOUN
ajeer-251	155	3	is	be	AUX
ajeer-251	155	4	vital	vital	ADJ
ajeer-251	155	5	for	for	ADP
ajeer-251	155	6	increased	increase	VERB
ajeer-251	155	7	productivity	productivity	NOUN
ajeer-251	155	8	,	,	PUNCT
ajeer-251	155	9	employment	employment	NOUN
ajeer-251	155	10	creation	creation	NOUN
ajeer-251	155	11	,	,	PUNCT
ajeer-251	155	12	and	and	CCONJ
ajeer-251	155	13	wages	wage	NOUN
ajeer-251	155	14	as	as	SCONJ
ajeer-251	155	15	they	they	PRON
ajeer-251	155	16	relate	relate	VERB
ajeer-251	155	17	to	to	ADP
ajeer-251	155	18	the	the	DET
ajeer-251	155	19	higher	high	ADJ
ajeer-251	155	20	level	level	NOUN
ajeer-251	155	21	of	of	ADP
ajeer-251	155	22	private	private	ADJ
ajeer-251	155	23	investment	investment	NOUN
ajeer-251	155	24	(	(	PUNCT
ajeer-251	155	25	krueger	krueger	PROPN
ajeer-251	155	26	,	,	PUNCT
ajeer-251	155	27	1978	1978	NUM
ajeer-251	155	28	)	)	PUNCT
ajeer-251	155	29	.	.	PUNCT
ajeer-251	156	1	asian	asian	ADJ
ajeer-251	156	2	journal	journal	PROPN
ajeer-251	156	3	of	of	ADP
ajeer-251	156	4	economics	economic	NOUN
ajeer-251	156	5	and	and	CCONJ
ajeer-251	156	6	empirical	empirical	ADJ
ajeer-251	156	7	research	research	NOUN
ajeer-251	156	8	,	,	PUNCT
ajeer-251	156	9	2018	2018	NUM
ajeer-251	156	10	,	,	PUNCT
ajeer-251	156	11	5(2	5(2	NUM
ajeer-251	156	12	):	):	PUNCT
ajeer-251	156	13	112	112	NUM
ajeer-251	156	14	-	-	SYM
ajeer-251	156	15	120	120	NUM
ajeer-251	156	16	116	116	NUM
ajeer-251	156	17	in	in	ADP
ajeer-251	156	18	the	the	DET
ajeer-251	156	19	developing	develop	VERB
ajeer-251	156	20	countries	country	NOUN
ajeer-251	156	21	,	,	PUNCT
ajeer-251	156	22	public	public	ADJ
ajeer-251	156	23	investment	investment	NOUN
ajeer-251	156	24	can	can	AUX
ajeer-251	156	25	complement	complement	VERB
ajeer-251	156	26	private	private	ADJ
ajeer-251	156	27	investment	investment	NOUN
ajeer-251	156	28	by	by	ADP
ajeer-251	156	29	collaborating	collaborate	VERB
ajeer-251	156	30	in	in	ADP
ajeer-251	156	31	the	the	DET
ajeer-251	156	32	area	area	NOUN
ajeer-251	156	33	of	of	ADP
ajeer-251	156	34	infrastructure	infrastructure	NOUN
ajeer-251	156	35	(	(	PUNCT
ajeer-251	156	36	sundararajan	sundararajan	NOUN
ajeer-251	156	37	and	and	CCONJ
ajeer-251	156	38	thakur	thakur	PROPN
ajeer-251	156	39	,	,	PUNCT
ajeer-251	156	40	1980	1980	NUM
ajeer-251	156	41	)	)	PUNCT
ajeer-251	156	42	.	.	PUNCT
ajeer-251	157	1	higher	high	ADJ
ajeer-251	157	2	productivity	productivity	NOUN
ajeer-251	157	3	of	of	ADP
ajeer-251	157	4	capital	capital	NOUN
ajeer-251	157	5	increases	increase	VERB
ajeer-251	157	6	the	the	DET
ajeer-251	157	7	overall	overall	ADJ
ajeer-251	157	8	resource	resource	NOUN
ajeer-251	157	9	availability	availability	NOUN
ajeer-251	157	10	by	by	ADP
ajeer-251	157	11	stimulating	stimulate	VERB
ajeer-251	157	12	output	output	NOUN
ajeer-251	157	13	.	.	PUNCT
ajeer-251	158	1	contrariwise	contrariwise	ADV
ajeer-251	158	2	,	,	PUNCT
ajeer-251	158	3	public	public	ADJ
ajeer-251	158	4	investment	investment	NOUN
ajeer-251	158	5	can	can	AUX
ajeer-251	158	6	crowd	crowd	VERB
ajeer-251	158	7	out	out	ADP
ajeer-251	158	8	private	private	ADJ
ajeer-251	158	9	investment	investment	NOUN
ajeer-251	158	10	if	if	SCONJ
ajeer-251	158	11	the	the	DET
ajeer-251	158	12	public	public	ADJ
ajeer-251	158	13	sector	sector	NOUN
ajeer-251	158	14	directly	directly	ADV
ajeer-251	158	15	competes	compete	VERB
ajeer-251	158	16	with	with	ADP
ajeer-251	158	17	the	the	DET
ajeer-251	158	18	private	private	ADJ
ajeer-251	158	19	sector	sector	NOUN
ajeer-251	158	20	in	in	ADP
ajeer-251	158	21	the	the	DET
ajeer-251	158	22	production	production	NOUN
ajeer-251	158	23	of	of	ADP
ajeer-251	158	24	goods	good	NOUN
ajeer-251	158	25	(	(	PUNCT
ajeer-251	158	26	blejer	blejer	NOUN
ajeer-251	158	27	and	and	CCONJ
ajeer-251	158	28	khan	khan	PROPN
ajeer-251	158	29	,	,	PUNCT
ajeer-251	158	30	1984	1984	NUM
ajeer-251	158	31	)	)	PUNCT
ajeer-251	158	32	.	.	PUNCT
ajeer-251	159	1	in	in	ADP
ajeer-251	159	2	line	line	NOUN
ajeer-251	159	3	with	with	ADP
ajeer-251	159	4	the	the	DET
ajeer-251	159	5	above	above	ADJ
ajeer-251	159	6	theoretical	theoretical	ADJ
ajeer-251	159	7	discussion	discussion	NOUN
ajeer-251	159	8	,	,	PUNCT
ajeer-251	159	9	we	we	PRON
ajeer-251	159	10	propose	propose	VERB
ajeer-251	159	11	the	the	DET
ajeer-251	159	12	following	follow	VERB
ajeer-251	159	13	general	general	ADJ
ajeer-251	159	14	form	form	NOUN
ajeer-251	159	15	of	of	ADP
ajeer-251	159	16	an	an	DET
ajeer-251	159	17	empirical	empirical	ADJ
ajeer-251	159	18	model	model	NOUN
ajeer-251	159	19	of	of	ADP
ajeer-251	159	20	long	long	ADV
ajeer-251	159	21	-	-	PUNCT
ajeer-251	159	22	run	run	VERB
ajeer-251	159	23	private	private	ADJ
ajeer-251	159	24	investment	investment	NOUN
ajeer-251	159	25	function	function	NOUN
ajeer-251	159	26	:	:	PUNCT
ajeer-251	159	27	(	(	PUNCT
ajeer-251	159	28	3.7	3.7	NUM
ajeer-251	159	29	)	)	PUNCT
ajeer-251	159	30	the	the	DET
ajeer-251	159	31	estimable	estimable	ADJ
ajeer-251	159	32	function	function	NOUN
ajeer-251	159	33	is	be	AUX
ajeer-251	159	34	as	as	SCONJ
ajeer-251	159	35	follows	follow	VERB
ajeer-251	159	36	:	:	PUNCT
ajeer-251	159	37	(	(	PUNCT
ajeer-251	159	38	3.8	3.8	NUM
ajeer-251	159	39	)	)	PUNCT
ajeer-251	159	40	where	where	SCONJ
ajeer-251	159	41	refers	refer	VERB
ajeer-251	159	42	to	to	ADP
ajeer-251	159	43	natural	natural	ADJ
ajeer-251	159	44	logarithm	logarithm	NOUN
ajeer-251	159	45	and	and	CCONJ
ajeer-251	159	46	represent	represent	VERB
ajeer-251	159	47	the	the	DET
ajeer-251	159	48	coefficient	coefficient	NOUN
ajeer-251	159	49	of	of	ADP
ajeer-251	159	50	respective	respective	ADJ
ajeer-251	159	51	variables	variable	NOUN
ajeer-251	159	52	to	to	PART
ajeer-251	159	53	be	be	AUX
ajeer-251	159	54	estimated	estimate	VERB
ajeer-251	159	55	.	.	PUNCT
ajeer-251	160	1	the	the	DET
ajeer-251	160	2	i	i	PROPN
ajeer-251	160	3	,	,	PUNCT
ajeer-251	160	4	ppi	ppi	PROPN
ajeer-251	160	5	,	,	PUNCT
ajeer-251	160	6	rir	rir	PROPN
ajeer-251	160	7	,	,	PUNCT
ajeer-251	160	8	pi	pi	NOUN
ajeer-251	160	9	,	,	PUNCT
ajeer-251	160	10	and	and	CCONJ
ajeer-251	160	11	li	li	PROPN
ajeer-251	160	12	respectively	respectively	ADV
ajeer-251	160	13	,	,	PUNCT
ajeer-251	160	14	represent	represent	VERB
ajeer-251	160	15	a	a	DET
ajeer-251	160	16	real	real	ADJ
ajeer-251	160	17	private	private	ADJ
ajeer-251	160	18	investment	investment	NOUN
ajeer-251	160	19	,	,	PUNCT
ajeer-251	160	20	per	per	ADP
ajeer-251	160	21	capita	capita	X
ajeer-251	160	22	real	real	ADJ
ajeer-251	160	23	private	private	ADJ
ajeer-251	160	24	income	income	NOUN
ajeer-251	160	25	,	,	PUNCT
ajeer-251	160	26	real	real	ADJ
ajeer-251	160	27	interest	interest	NOUN
ajeer-251	160	28	rate	rate	NOUN
ajeer-251	160	29	(	(	PUNCT
ajeer-251	160	30	user	user	NOUN
ajeer-251	160	31	cost	cost	NOUN
ajeer-251	160	32	of	of	ADP
ajeer-251	160	33	capital	capital	NOUN
ajeer-251	160	34	)	)	PUNCT
ajeer-251	160	35	,	,	PUNCT
ajeer-251	160	36	real	real	ADJ
ajeer-251	160	37	private	private	ADJ
ajeer-251	160	38	investment	investment	NOUN
ajeer-251	160	39	,	,	PUNCT
ajeer-251	160	40	and	and	CCONJ
ajeer-251	160	41	liberalization	liberalization	NOUN
ajeer-251	160	42	indicators	indicator	NOUN
ajeer-251	160	43	(	(	PUNCT
ajeer-251	160	44	i.e.	i.e.	X
ajeer-251	160	45	financial	financial	ADJ
ajeer-251	160	46	liberalization	liberalization	NOUN
ajeer-251	160	47	index	index	NOUN
ajeer-251	160	48	,	,	PUNCT
ajeer-251	160	49	capital	capital	NOUN
ajeer-251	160	50	account	account	NOUN
ajeer-251	160	51	liberalization	liberalization	NOUN
ajeer-251	160	52	index	index	NOUN
ajeer-251	160	53	,	,	PUNCT
ajeer-251	160	54	financial	financial	ADJ
ajeer-251	160	55	openness	openness	NOUN
ajeer-251	160	56	and	and	CCONJ
ajeer-251	160	57	trade	trade	NOUN
ajeer-251	160	58	liberalization	liberalization	NOUN
ajeer-251	160	59	indicators	indicator	NOUN
ajeer-251	160	60	)	)	PUNCT
ajeer-251	160	61	.	.	PUNCT
ajeer-251	161	1	the	the	PRON
ajeer-251	161	2	refers	refer	VERB
ajeer-251	161	3	to	to	ADP
ajeer-251	161	4	the	the	DET
ajeer-251	161	5	error	error	NOUN
ajeer-251	161	6	term	term	NOUN
ajeer-251	161	7	.	.	PUNCT
ajeer-251	162	1	4	4	X
ajeer-251	162	2	.	.	X
ajeer-251	162	3	estimation	estimation	NOUN
ajeer-251	162	4	methodology	methodology	NOUN
ajeer-251	162	5	and	and	CCONJ
ajeer-251	162	6	construction	construction	NOUN
ajeer-251	162	7	of	of	ADP
ajeer-251	162	8	variables	variable	NOUN
ajeer-251	162	9	this	this	DET
ajeer-251	162	10	study	study	NOUN
ajeer-251	162	11	employs	employ	VERB
ajeer-251	162	12	the	the	DET
ajeer-251	162	13	augmented	augment	VERB
ajeer-251	162	14	dickey	dickey	NOUN
ajeer-251	162	15	-	-	PUNCT
ajeer-251	162	16	fuller	full	ADJ
ajeer-251	162	17	(	(	PUNCT
ajeer-251	162	18	adf	adf	NOUN
ajeer-251	162	19	)	)	PUNCT
ajeer-251	162	20	unit	unit	NOUN
ajeer-251	162	21	root	root	NOUN
ajeer-251	162	22	test	test	NOUN
ajeer-251	162	23	to	to	PART
ajeer-251	162	24	determine	determine	VERB
ajeer-251	162	25	the	the	DET
ajeer-251	162	26	level	level	NOUN
ajeer-251	162	27	of	of	ADP
ajeer-251	162	28	stationary	stationary	NOUN
ajeer-251	162	29	because	because	SCONJ
ajeer-251	162	30	if	if	SCONJ
ajeer-251	162	31	the	the	DET
ajeer-251	162	32	regressions	regression	NOUN
ajeer-251	162	33	run	run	VERB
ajeer-251	162	34	on	on	ADP
ajeer-251	162	35	non	non	ADJ
ajeer-251	162	36	-	-	ADJ
ajeer-251	162	37	stationary	stationary	ADJ
ajeer-251	162	38	time	time	NOUN
ajeer-251	162	39	series	series	NOUN
ajeer-251	162	40	,	,	PUNCT
ajeer-251	162	41	they	they	PRON
ajeer-251	162	42	will	will	AUX
ajeer-251	162	43	produce	produce	VERB
ajeer-251	162	44	the	the	DET
ajeer-251	162	45	spurious	spurious	ADJ
ajeer-251	162	46	result	result	NOUN
ajeer-251	162	47	.	.	PUNCT
ajeer-251	163	1	the	the	DET
ajeer-251	163	2	adf	adf	PROPN
ajeer-251	163	3	unit	unit	NOUN
ajeer-251	163	4	root	root	PROPN
ajeer-251	163	5	test	test	NOUN
ajeer-251	163	6	is	be	AUX
ajeer-251	163	7	constructed	construct	VERB
ajeer-251	163	8	on	on	ADP
ajeer-251	163	9	the	the	DET
ajeer-251	163	10	following	follow	VERB
ajeer-251	163	11	regression	regression	NOUN
ajeer-251	163	12	.	.	PUNCT
ajeer-251	164	1	tpttttt	tpttttt	PROPN
ajeer-251	164	2	zzzzz	zzzzz	PROPN
ajeer-251	164	3			PROPN
ajeer-251	164	4			ADP
ajeer-251	164	5			PROPN
ajeer-251	164	6			PROPN
ajeer-251	164	7	..........	..........	PUNCT
ajeer-251	164	8	x	x	SYM
ajeer-251	164	9	2211	2211	NUM
ajeer-251	164	10	'	'	PART
ajeer-251	164	11	t10	t10	NOUN
ajeer-251	164	12	(	(	PUNCT
ajeer-251	164	13	4.1	4.1	NUM
ajeer-251	164	14	)	)	PUNCT
ajeer-251	164	15	where	where	SCONJ
ajeer-251	164	16	zt	zt	PROPN
ajeer-251	164	17	refers	refer	VERB
ajeer-251	164	18	a	a	DET
ajeer-251	164	19	time	time	NOUN
ajeer-251	164	20	series	series	NOUN
ajeer-251	164	21	,	,	PUNCT
ajeer-251	164	22	∆	∆	PROPN
ajeer-251	164	23	represents	represent	VERB
ajeer-251	164	24	the	the	DET
ajeer-251	164	25	first	first	ADJ
ajeer-251	164	26	difference	difference	NOUN
ajeer-251	164	27	operator	operator	NOUN
ajeer-251	164	28	,	,	PUNCT
ajeer-251	164	29	'	'	PUNCT
ajeer-251	164	30	tx	tx	PROPN
ajeer-251	164	31	consists	consist	VERB
ajeer-251	164	32	of	of	ADP
ajeer-251	164	33	an	an	DET
ajeer-251	164	34	optional	optional	ADJ
ajeer-251	164	35	exogenous	exogenous	ADJ
ajeer-251	164	36	variable	variable	NOUN
ajeer-251	164	37	,	,	PUNCT
ajeer-251	164	38	t	t	PROPN
ajeer-251	164	39	shows	show	VERB
ajeer-251	164	40	a	a	DET
ajeer-251	164	41	pure	pure	ADJ
ajeer-251	164	42	white	white	ADJ
ajeer-251	164	43	noise	noise	NOUN
ajeer-251	164	44	error	error	NOUN
ajeer-251	164	45	term	term	NOUN
ajeer-251	164	46	,	,	PUNCT
ajeer-251	164	47			NOUN
ajeer-251	164	48	and	and	CCONJ
ajeer-251	164	49			PROPN
ajeer-251	164	50	show	show	VERB
ajeer-251	164	51	the	the	DET
ajeer-251	164	52	estimated	estimate	VERB
ajeer-251	164	53	parameters	parameter	NOUN
ajeer-251	164	54	.	.	PUNCT
ajeer-251	165	1	the	the	DET
ajeer-251	165	2	unit	unit	NOUN
ajeer-251	165	3	root	root	PROPN
ajeer-251	165	4	null	null	ADJ
ajeer-251	165	5	hypothesis	hypothesis	NOUN
ajeer-251	165	6	is	be	AUX
ajeer-251	165	7	that	that	PRON
ajeer-251	165	8			NOUN
ajeer-251	165	9	=	=	NOUN
ajeer-251	165	10	0	0	NUM
ajeer-251	165	11	and	and	CCONJ
ajeer-251	165	12	alongside	alongside	ADP
ajeer-251	165	13	the	the	DET
ajeer-251	165	14	alternative	alternative	ADJ
ajeer-251	165	15	hypothesis	hypothesis	NOUN
ajeer-251	165	16	using	use	VERB
ajeer-251	165	17	the	the	DET
ajeer-251	165	18	orthodox	orthodox	ADJ
ajeer-251	165	19	test	test	NOUN
ajeer-251	165	20	.	.	PUNCT
ajeer-251	166	1	the	the	DET
ajeer-251	166	2	null	null	ADJ
ajeer-251	166	3	hypothesis	hypothesis	NOUN
ajeer-251	166	4	of	of	ADP
ajeer-251	166	5	a	a	DET
ajeer-251	166	6	unit	unit	NOUN
ajeer-251	166	7	root	root	NOUN
ajeer-251	166	8	does	do	AUX
ajeer-251	166	9	not	not	PART
ajeer-251	166	10	follow	follow	VERB
ajeer-251	166	11	the	the	DET
ajeer-251	166	12	conventional	conventional	ADJ
ajeer-251	166	13	student‟s	student‟s	PRON
ajeer-251	166	14	t	t	NOUN
ajeer-251	166	15	-	-	PUNCT
ajeer-251	166	16	distribution	distribution	NOUN
ajeer-251	166	17	(	(	PUNCT
ajeer-251	166	18	dickey	dickey	NOUN
ajeer-251	166	19	and	and	CCONJ
ajeer-251	166	20	fuller	full	ADJ
ajeer-251	166	21	,	,	PUNCT
ajeer-251	166	22	1979	1979	NUM
ajeer-251	166	23	)	)	PUNCT
ajeer-251	166	24	.	.	PUNCT
ajeer-251	167	1	according	accord	VERB
ajeer-251	167	2	to	to	ADP
ajeer-251	167	3	different	different	ADJ
ajeer-251	167	4	test	test	NOUN
ajeer-251	167	5	and	and	CCONJ
ajeer-251	167	6	sample	sample	NOUN
ajeer-251	167	7	sizes	size	NOUN
ajeer-251	167	8	,	,	PUNCT
ajeer-251	167	9	they	they	PRON
ajeer-251	167	10	have	have	AUX
ajeer-251	167	11	developed	develop	VERB
ajeer-251	167	12	asymptotic	asymptotic	ADJ
ajeer-251	167	13	outcomes	outcome	NOUN
ajeer-251	167	14	and	and	CCONJ
ajeer-251	167	15	simulate	simulate	VERB
ajeer-251	167	16	the	the	DET
ajeer-251	167	17	critical	critical	ADJ
ajeer-251	167	18	level	level	NOUN
ajeer-251	167	19	.	.	PUNCT
ajeer-251	168	1	further	far	ADV
ajeer-251	168	2	,	,	PUNCT
ajeer-251	168	3	mackinnon	mackinnon	PROPN
ajeer-251	168	4	(	(	PUNCT
ajeer-251	168	5	1996	1996	NUM
ajeer-251	168	6	)	)	PUNCT
ajeer-251	168	7	develops	develop	VERB
ajeer-251	168	8	a	a	DET
ajeer-251	168	9	larger	large	ADJ
ajeer-251	168	10	set	set	NOUN
ajeer-251	168	11	of	of	ADP
ajeer-251	168	12	simulations	simulation	NOUN
ajeer-251	168	13	than	than	ADP
ajeer-251	168	14	those	those	PRON
ajeer-251	168	15	tabulated	tabulate	VERB
ajeer-251	168	16	by	by	ADP
ajeer-251	168	17	dickey	dickey	PROPN
ajeer-251	168	18	and	and	CCONJ
ajeer-251	168	19	fuller	full	ADJ
ajeer-251	168	20	.	.	PUNCT
ajeer-251	169	1	this	this	DET
ajeer-251	169	2	study	study	NOUN
ajeer-251	169	3	employs	employ	VERB
ajeer-251	169	4	the	the	DET
ajeer-251	169	5	mackinnon	mackinnon	PROPN
ajeer-251	169	6	(	(	PUNCT
ajeer-251	169	7	1996	1996	NUM
ajeer-251	169	8	)	)	PUNCT
ajeer-251	169	9	critical	critical	ADJ
ajeer-251	169	10	value	value	NOUN
ajeer-251	169	11	to	to	PART
ajeer-251	169	12	determine	determine	VERB
ajeer-251	169	13	the	the	DET
ajeer-251	169	14	level	level	NOUN
ajeer-251	169	15	of	of	ADP
ajeer-251	169	16	integration	integration	NOUN
ajeer-251	169	17	order	order	NOUN
ajeer-251	169	18	by	by	ADP
ajeer-251	169	19	applying	apply	VERB
ajeer-251	169	20	adf	adf	PROPN
ajeer-251	169	21	.	.	PUNCT
ajeer-251	170	1	4.1	4.1	NUM
ajeer-251	170	2	.	.	PUNCT
ajeer-251	171	1	ardl	ardl	NOUN
ajeer-251	171	2	co	co	NOUN
ajeer-251	171	3	-	-	NOUN
ajeer-251	171	4	integration	integration	NOUN
ajeer-251	171	5	approach	approach	NOUN
ajeer-251	171	6	many	many	ADJ
ajeer-251	171	7	co	co	NOUN
ajeer-251	171	8	-	-	NOUN
ajeer-251	171	9	integration	integration	NOUN
ajeer-251	171	10	methods	method	NOUN
ajeer-251	171	11	are	be	AUX
ajeer-251	171	12	available	available	ADJ
ajeer-251	171	13	in	in	ADP
ajeer-251	171	14	the	the	DET
ajeer-251	171	15	empirical	empirical	ADJ
ajeer-251	171	16	literature	literature	NOUN
ajeer-251	171	17	.	.	PUNCT
ajeer-251	172	1	starting	start	VERB
ajeer-251	172	2	from	from	ADP
ajeer-251	172	3	the	the	DET
ajeer-251	172	4	classical	classical	ADJ
ajeer-251	172	5	approach	approach	NOUN
ajeer-251	172	6	to	to	ADP
ajeer-251	172	7	residual	residual	ADJ
ajeer-251	172	8	based	base	VERB
ajeer-251	172	9	co	co	NOUN
ajeer-251	172	10	-	-	NOUN
ajeer-251	172	11	integration	integration	NOUN
ajeer-251	172	12	tests	test	NOUN
ajeer-251	172	13	of	of	ADP
ajeer-251	172	14	engle	engle	PROPN
ajeer-251	172	15	and	and	CCONJ
ajeer-251	172	16	granger	granger	PROPN
ajeer-251	172	17	(	(	PUNCT
ajeer-251	172	18	1987	1987	NUM
ajeer-251	172	19	)	)	PUNCT
ajeer-251	172	20	multivariate	multivariate	NOUN
ajeer-251	172	21	tests	test	NOUN
ajeer-251	172	22	of	of	ADP
ajeer-251	172	23	johansen	johansen	PROPN
ajeer-251	172	24	(	(	PUNCT
ajeer-251	172	25	1991	1991	NUM
ajeer-251	172	26	;	;	PUNCT
ajeer-251	172	27	1995	1995	NUM
ajeer-251	172	28	)	)	PUNCT
ajeer-251	172	29	;	;	PUNCT
ajeer-251	172	30	banerjee	banerjee	PROPN
ajeer-251	172	31	et	et	PROPN
ajeer-251	172	32	al	al	PROPN
ajeer-251	172	33	.	.	PROPN
ajeer-251	173	1	(	(	PUNCT
ajeer-251	173	2	1998	1998	NUM
ajeer-251	173	3	)	)	PUNCT
ajeer-251	173	4	ecm	ecm	NOUN
ajeer-251	173	5	test	test	NOUN
ajeer-251	173	6	,	,	PUNCT
ajeer-251	173	7	among	among	ADP
ajeer-251	173	8	others	other	NOUN
ajeer-251	173	9	.	.	PUNCT
ajeer-251	174	1	in	in	ADP
ajeer-251	174	2	current	current	ADJ
ajeer-251	174	3	empirical	empirical	ADJ
ajeer-251	174	4	investigations	investigation	NOUN
ajeer-251	174	5	,	,	PUNCT
ajeer-251	174	6	the	the	DET
ajeer-251	174	7	autoregressive	autoregressive	ADJ
ajeer-251	174	8	distributed	distribute	VERB
ajeer-251	174	9	lag	lag	NOUN
ajeer-251	174	10	(	(	PUNCT
ajeer-251	174	11	ardl	ardl	NOUN
ajeer-251	174	12	)	)	PUNCT
ajeer-251	174	13	approaches	approach	NOUN
ajeer-251	174	14	to	to	ADP
ajeer-251	174	15	co	co	NOUN
ajeer-251	174	16	-	-	NOUN
ajeer-251	174	17	integration	integration	NOUN
ajeer-251	174	18	is	be	AUX
ajeer-251	174	19	widely	widely	ADV
ajeer-251	174	20	used	use	VERB
ajeer-251	174	21	.	.	PUNCT
ajeer-251	175	1	because	because	SCONJ
ajeer-251	175	2	it	it	PRON
ajeer-251	175	3	is	be	AUX
ajeer-251	175	4	preferable	preferable	ADJ
ajeer-251	175	5	to	to	PART
ajeer-251	175	6	use	use	VERB
ajeer-251	175	7	when	when	SCONJ
ajeer-251	175	8	variables	variable	NOUN
ajeer-251	175	9	are	be	AUX
ajeer-251	175	10	integrated	integrate	VERB
ajeer-251	175	11	at	at	ADP
ajeer-251	175	12	the	the	DET
ajeer-251	175	13	different	different	ADJ
ajeer-251	175	14	order	order	NOUN
ajeer-251	175	15	,	,	PUNCT
ajeer-251	175	16	i(0	i(0	PROPN
ajeer-251	175	17	)	)	PUNCT
ajeer-251	175	18	,	,	PUNCT
ajeer-251	175	19	i(1	i(1	PROPN
ajeer-251	175	20	)	)	PUNCT
ajeer-251	175	21	or	or	CCONJ
ajeer-251	175	22	combination	combination	NOUN
ajeer-251	175	23	of	of	ADP
ajeer-251	175	24	the	the	DET
ajeer-251	175	25	both	both	PRON
ajeer-251	175	26	(	(	PUNCT
ajeer-251	175	27	pesaran	pesaran	PROPN
ajeer-251	175	28	et	et	PROPN
ajeer-251	175	29	al	al	PROPN
ajeer-251	175	30	.	.	PROPN
ajeer-251	175	31	,	,	PUNCT
ajeer-251	175	32	2001	2001	NUM
ajeer-251	175	33	)	)	PUNCT
ajeer-251	175	34	.	.	PUNCT
ajeer-251	176	1	the	the	DET
ajeer-251	176	2	ardl	ardl	NOUN
ajeer-251	176	3	approach	approach	NOUN
ajeer-251	176	4	to	to	ADP
ajeer-251	176	5	co	co	NOUN
ajeer-251	176	6	-	-	NOUN
ajeer-251	176	7	integration	integration	NOUN
ajeer-251	176	8	is	be	AUX
ajeer-251	176	9	based	base	VERB
ajeer-251	176	10	on	on	ADP
ajeer-251	176	11	assessing	assess	VERB
ajeer-251	176	12	a	a	DET
ajeer-251	176	13	simple	simple	ADJ
ajeer-251	176	14	unrestricted	unrestricted	ADJ
ajeer-251	176	15	error	error	NOUN
ajeer-251	176	16	-	-	PUNCT
ajeer-251	176	17	correction	correction	NOUN
ajeer-251	176	18	model	model	NOUN
ajeer-251	176	19	(	(	PUNCT
ajeer-251	176	20	uecm	uecm	NOUN
ajeer-251	176	21	)	)	PUNCT
ajeer-251	176	22	which	which	PRON
ajeer-251	176	23	can	can	AUX
ajeer-251	176	24	be	be	AUX
ajeer-251	176	25	expressed	express	VERB
ajeer-251	176	26	as	as	SCONJ
ajeer-251	176	27	follows	follow	VERB
ajeer-251	176	28	:	:	PUNCT
ajeer-251	176	29	i	i	PRON
ajeer-251	176	30	is	be	AUX
ajeer-251	176	31	a	a	DET
ajeer-251	176	32	dependent	dependent	ADJ
ajeer-251	176	33	variable	variable	NOUN
ajeer-251	176	34	,	,	PUNCT
ajeer-251	176	35	and	and	CCONJ
ajeer-251	176	36	ppi	ppi	PROPN
ajeer-251	176	37	,	,	PUNCT
ajeer-251	176	38	rir	rir	PROPN
ajeer-251	176	39	,	,	PUNCT
ajeer-251	176	40	pi	pi	NOUN
ajeer-251	176	41	&	&	CCONJ
ajeer-251	176	42	li13	li13	PROPN
ajeer-251	176	43	are	be	AUX
ajeer-251	176	44	the	the	DET
ajeer-251	176	45	independent	independent	ADJ
ajeer-251	176	46	variables	variable	NOUN
ajeer-251	176	47	.	.	PUNCT
ajeer-251	177	1	tttt	tttt	INTJ
ajeer-251	177	2	tt	tt	PROPN
ajeer-251	177	3	k	k	PROPN
ajeer-251	178	1	j	j	PROPN
ajeer-251	179	1	jt	jt	PROPN
ajeer-251	179	2	k	k	PROPN
ajeer-251	180	1	j	j	PROPN
ajeer-251	180	2	jt	jt	PROPN
ajeer-251	180	3	jt	jt	PROPN
ajeer-251	180	4	k	k	PROPN
ajeer-251	180	5	oj	oj	PROPN
ajeer-251	180	6	k	k	PROPN
ajeer-251	180	7	j	j	PROPN
ajeer-251	180	8	k	k	PROPN
ajeer-251	180	9	j	j	PROPN
ajeer-251	180	10	jtjtt	jtjtt	PROPN
ajeer-251	180	11	lnlilnpirir	lnlilnpirir	VERB
ajeer-251	180	12	lnppilnililnpiln	lnppilnililnpiln	ADJ
ajeer-251	180	13	rirppilnilniln	rirppilnilniln	NOUN
ajeer-251	180	14	1151413	1151413	NUM
ajeer-251	180	15	1211	1211	NUM
ajeer-251	180	16	0	0	NUM
ajeer-251	180	17	5	5	NUM
ajeer-251	180	18	0	0	NUM
ajeer-251	180	19	4	4	NUM
ajeer-251	180	20	1	1	NUM
ajeer-251	180	21	3	3	NUM
ajeer-251	180	22	0	0	NUM
ajeer-251	180	23	210	210	NUM
ajeer-251	180	24	)	)	PUNCT
ajeer-251	180	25	(	(	PUNCT
ajeer-251	180	26	)	)	PUNCT
ajeer-251	180	27	(	(	PUNCT
ajeer-251	180	28	)	)	PUNCT
ajeer-251	180	29	(	(	PUNCT
ajeer-251	180	30	)	)	PUNCT
ajeer-251	180	31	(	(	PUNCT
ajeer-251	180	32	)	)	PUNCT
ajeer-251	180	33	(	(	PUNCT
ajeer-251	180	34	)	)	PUNCT
ajeer-251	180	35	(	(	PUNCT
ajeer-251	180	36			ADJ
ajeer-251	180	37			NOUN
ajeer-251	180	38			ADJ
ajeer-251	180	39			NOUN
ajeer-251	180	40			PROPN
ajeer-251	180	41			NOUN
ajeer-251	180	42			NOUN
ajeer-251	180	43			NUM
ajeer-251	180	44			NUM
ajeer-251	180	45			PROPN
ajeer-251	180	46			PROPN
ajeer-251	180	47			PROPN
ajeer-251	180	48			NOUN
ajeer-251	180	49			NUM
ajeer-251	180	50			NUM
ajeer-251	180	51			NOUN
ajeer-251	180	52			X
ajeer-251	180	53			X
ajeer-251	180	54			X
ajeer-251	180	55	(	(	PUNCT
ajeer-251	180	56	4.2	4.2	NUM
ajeer-251	180	57	)	)	PUNCT
ajeer-251	180	58	in	in	ADP
ajeer-251	180	59	the	the	DET
ajeer-251	180	60	equation	equation	NOUN
ajeer-251	180	61	,	,	PUNCT
ajeer-251	180	62	4.2	4.2	NUM
ajeer-251	180	63	summation	summation	NOUN
ajeer-251	180	64	signs	sign	NOUN
ajeer-251	180	65	indicate	indicate	VERB
ajeer-251	180	66	the	the	DET
ajeer-251	180	67	error	error	NOUN
ajeer-251	180	68	correction	correction	NOUN
ajeer-251	180	69	dynamic	dynamic	ADJ
ajeer-251	180	70	whereas	whereas	SCONJ
ajeer-251	180	71	the	the	DET
ajeer-251	180	72	term	term	NOUN
ajeer-251	180	73	with	with	ADP
ajeer-251	180	74	s	s	PROPN
ajeer-251	180	75			NOUN
ajeer-251	180	76	shows	show	VERB
ajeer-251	180	77	the	the	DET
ajeer-251	180	78	long	long	ADJ
ajeer-251	180	79	run	run	NOUN
ajeer-251	180	80	association	association	NOUN
ajeer-251	180	81	.	.	PUNCT
ajeer-251	181	1	the	the	DET
ajeer-251	181	2	long	long	ADV
ajeer-251	181	3	-	-	PUNCT
ajeer-251	181	4	run	run	NOUN
ajeer-251	181	5	relationship	relationship	NOUN
ajeer-251	181	6	test	test	NOUN
ajeer-251	181	7	by	by	ADP
ajeer-251	181	8	using	use	VERB
ajeer-251	181	9	the	the	DET
ajeer-251	181	10	f	f	NOUN
ajeer-251	181	11	-	-	PUNCT
ajeer-251	181	12	test	test	NOUN
ajeer-251	181	13	.	.	PUNCT
ajeer-251	182	1	the	the	DET
ajeer-251	182	2	narayan	narayan	NOUN
ajeer-251	182	3	(	(	PUNCT
ajeer-251	182	4	2005	2005	NUM
ajeer-251	182	5	)	)	PUNCT
ajeer-251	182	6	critical	critical	ADJ
ajeer-251	182	7	values	value	NOUN
ajeer-251	182	8	are	be	AUX
ajeer-251	182	9	used	use	VERB
ajeer-251	182	10	to	to	PART
ajeer-251	182	11	determine	determine	VERB
ajeer-251	182	12	cointegration	cointegration	NOUN
ajeer-251	182	13	through	through	ADP
ajeer-251	182	14	f	f	NOUN
ajeer-251	182	15	-	-	PUNCT
ajeer-251	182	16	test	test	NOUN
ajeer-251	182	17	.	.	PUNCT
ajeer-251	183	1	the	the	DET
ajeer-251	183	2	null	null	ADJ
ajeer-251	183	3	hypothesis	hypothesis	NOUN
ajeer-251	183	4	of	of	ADP
ajeer-251	183	5	no	no	DET
ajeer-251	183	6	co	co	NOUN
ajeer-251	183	7	-	-	NOUN
ajeer-251	183	8	integration	integration	NOUN
ajeer-251	183	9			ADP
ajeer-251	183	10	0	0	NUM
ajeer-251	183	11	:	:	PUNCT
ajeer-251	183	12	543210	543210	NUM
ajeer-251	183	13	h	h	PROPN
ajeer-251	183	14	is	be	AUX
ajeer-251	183	15	tested	test	VERB
ajeer-251	183	16	against	against	ADP
ajeer-251	183	17	the	the	DET
ajeer-251	183	18	alternate	alternate	NOUN
ajeer-251	183	19	of	of	ADP
ajeer-251	183	20	co	co	NOUN
ajeer-251	183	21	-	-	NOUN
ajeer-251	183	22	integration	integration	NOUN
ajeer-251	183	23			NOUN
ajeer-251	183	24	0	0	NUM
ajeer-251	183	25	:	:	PUNCT
ajeer-251	183	26	543210	543210	NUM
ajeer-251	183	27	h	h	NOUN
ajeer-251	183	28	.	.	PUNCT
ajeer-251	184	1	if	if	SCONJ
ajeer-251	184	2	the	the	DET
ajeer-251	184	3	calculated	calculated	ADJ
ajeer-251	184	4	f	f	NOUN
ajeer-251	184	5	-	-	PUNCT
ajeer-251	184	6	statistic	statistic	NOUN
ajeer-251	184	7	exceeds	exceed	VERB
ajeer-251	184	8	the	the	DET
ajeer-251	184	9	upper	upper	ADJ
ajeer-251	184	10	bound	bind	VERB
ajeer-251	184	11	critical	critical	ADJ
ajeer-251	184	12	value	value	NOUN
ajeer-251	184	13	,	,	PUNCT
ajeer-251	184	14	we	we	PRON
ajeer-251	184	15	formerly	formerly	ADV
ajeer-251	184	16	conclude	conclude	VERB
ajeer-251	184	17	the	the	DET
ajeer-251	184	18	co	co	NOUN
ajeer-251	184	19	-	-	NOUN
ajeer-251	184	20	integration	integration	NOUN
ajeer-251	184	21	among	among	ADP
ajeer-251	184	22	the	the	DET
ajeer-251	184	23	variables	variable	NOUN
ajeer-251	184	24	and	and	CCONJ
ajeer-251	184	25	the	the	DET
ajeer-251	184	26	null	null	ADJ
ajeer-251	184	27	hypothesis	hypothesis	NOUN
ajeer-251	184	28	is	be	AUX
ajeer-251	184	29	rejected	reject	VERB
ajeer-251	184	30	.	.	PUNCT
ajeer-251	185	1	the	the	DET
ajeer-251	185	2	t	t	PROPN
ajeer-251	185	3	-	-	PUNCT
ajeer-251	185	4	statistic	statistic	NOUN
ajeer-251	185	5	is	be	AUX
ajeer-251	185	6	tested	test	VERB
ajeer-251	185	7	through	through	ADP
ajeer-251	185	8	01	01	NUM
ajeer-251	185	9			NOUN
ajeer-251	185	10	in	in	ADP
ajeer-251	185	11	eq	eq	NOUN
ajeer-251	185	12	.	.	PROPN
ajeer-251	185	13	3.2	3.2	NUM
ajeer-251	185	14	.	.	PUNCT
ajeer-251	186	1	the	the	DET
ajeer-251	186	2	following	follow	VERB
ajeer-251	186	3	long	long	ADJ
ajeer-251	186	4	-	-	PUNCT
ajeer-251	186	5	run	run	NOUN
ajeer-251	186	6	model	model	NOUN
ajeer-251	186	7	is	be	AUX
ajeer-251	186	8	estimated	estimate	VERB
ajeer-251	186	9	,	,	PUNCT
ajeer-251	186	10	after	after	ADP
ajeer-251	186	11	the	the	DET
ajeer-251	186	12	existence	existence	NOUN
ajeer-251	186	13	of	of	ADP
ajeer-251	186	14	the	the	DET
ajeer-251	186	15	co	co	NOUN
ajeer-251	186	16	-	-	NOUN
ajeer-251	186	17	integration	integration	NOUN
ajeer-251	186	18	relationship	relationship	NOUN
ajeer-251	186	19	.	.	PUNCT
ajeer-251	187	1	t	t	PROPN
ajeer-251	187	2	j	j	PROPN
ajeer-251	187	3	jtj	jtj	VERB
ajeer-251	187	4	j	j	PROPN
ajeer-251	187	5	jtj	jtj	VERB
ajeer-251	187	6	j	j	PROPN
ajeer-251	187	7	jtj	jtj	VERB
ajeer-251	187	8	j	j	PROPN
ajeer-251	187	9	jtj	jtj	PROPN
ajeer-251	187	10	j	j	PROPN
ajeer-251	187	11	jtjt	jtjt	PROPN
ajeer-251	187	12	lilnpiln	lilnpiln	PROPN
ajeer-251	187	13	rirppilnilniln	rirppilnilniln	NOUN
ajeer-251	187	14			NUM
ajeer-251	187	15			ADJ
ajeer-251	187	16			NOUN
ajeer-251	187	17			NOUN
ajeer-251	187	18			ADV
ajeer-251	187	19			NOUN
ajeer-251	187	20			ADP
ajeer-251	187	21			PROPN
ajeer-251	187	22			NUM
ajeer-251	187	23			PROPN
ajeer-251	187	24			PROPN
ajeer-251	187	25			PROPN
ajeer-251	187	26			NUM
ajeer-251	187	27			NUM
ajeer-251	187	28			PROPN
ajeer-251	187	29			PROPN
ajeer-251	187	30			PROPN
ajeer-251	187	31			NOUN
ajeer-251	187	32	0	0	NUM
ajeer-251	187	33	5	5	NUM
ajeer-251	187	34	0	0	NUM
ajeer-251	187	35	4	4	NUM
ajeer-251	187	36	0	0	NUM
ajeer-251	187	37	3	3	NUM
ajeer-251	187	38	0	0	NUM
ajeer-251	187	39	2	2	NUM
ajeer-251	187	40	1	1	NUM
ajeer-251	187	41	10	10	NUM
ajeer-251	187	42	)	)	PUNCT
ajeer-251	187	43	(	(	PUNCT
ajeer-251	187	44	)	)	PUNCT
ajeer-251	187	45	(	(	PUNCT
ajeer-251	187	46	)	)	PUNCT
ajeer-251	187	47	(	(	PUNCT
ajeer-251	187	48	)	)	PUNCT
ajeer-251	187	49	(	(	PUNCT
ajeer-251	187	50	)	)	PUNCT
ajeer-251	187	51	(	(	PUNCT
ajeer-251	187	52	)	)	PUNCT
ajeer-251	187	53	(	(	PUNCT
ajeer-251	187	54	13	13	NUM
ajeer-251	187	55	the	the	DET
ajeer-251	187	56	li	li	PROPN
ajeer-251	187	57	indicate	indicate	VERB
ajeer-251	187	58	the	the	DET
ajeer-251	187	59	trade	trade	NOUN
ajeer-251	187	60	and	and	CCONJ
ajeer-251	187	61	financial	financial	ADJ
ajeer-251	187	62	liberation	liberation	NOUN
ajeer-251	187	63	indicators	indicator	NOUN
ajeer-251	187	64	.	.	PUNCT
ajeer-251	188	1	asian	asian	ADJ
ajeer-251	188	2	journal	journal	PROPN
ajeer-251	188	3	of	of	ADP
ajeer-251	188	4	economics	economic	NOUN
ajeer-251	188	5	and	and	CCONJ
ajeer-251	188	6	empirical	empirical	ADJ
ajeer-251	188	7	research	research	NOUN
ajeer-251	188	8	,	,	PUNCT
ajeer-251	188	9	2018	2018	NUM
ajeer-251	188	10	,	,	PUNCT
ajeer-251	188	11	5(2	5(2	NUM
ajeer-251	188	12	):	):	PUNCT
ajeer-251	188	13	112	112	NUM
ajeer-251	188	14	-	-	SYM
ajeer-251	188	15	120	120	NUM
ajeer-251	188	16	117	117	NUM
ajeer-251	188	17	the	the	DET
ajeer-251	188	18	schwarz	schwarz	PROPN
ajeer-251	188	19	bayesian	bayesian	NOUN
ajeer-251	188	20	criterion	criterion	NOUN
ajeer-251	188	21	(	(	PUNCT
ajeer-251	188	22	sbc	sbc	NOUN
ajeer-251	188	23	)	)	PUNCT
ajeer-251	188	24	is	be	AUX
ajeer-251	188	25	used	use	VERB
ajeer-251	188	26	to	to	PART
ajeer-251	188	27	determine	determine	VERB
ajeer-251	188	28	the	the	DET
ajeer-251	188	29	long	long	ADJ
ajeer-251	188	30	run	run	NOUN
ajeer-251	188	31	relationship	relationship	NOUN
ajeer-251	188	32	.	.	PUNCT
ajeer-251	189	1	in	in	ADP
ajeer-251	189	2	the	the	DET
ajeer-251	189	3	following	following	ADJ
ajeer-251	189	4	way	way	NOUN
ajeer-251	189	5	,	,	PUNCT
ajeer-251	189	6	error	error	NOUN
ajeer-251	189	7	correction	correction	NOUN
ajeer-251	189	8	model	model	NOUN
ajeer-251	189	9	(	(	PUNCT
ajeer-251	189	10	ecm	ecm	PROPN
ajeer-251	189	11	)	)	PUNCT
ajeer-251	189	12	is	be	AUX
ajeer-251	189	13	derived	derive	VERB
ajeer-251	189	14	from	from	ADP
ajeer-251	189	15	the	the	DET
ajeer-251	189	16	ardl	ardl	NOUN
ajeer-251	189	17	.	.	PUNCT
ajeer-251	190	1	tt	tt	PROPN
ajeer-251	190	2	j	j	PROPN
ajeer-251	190	3	jtj	jtj	VERB
ajeer-251	190	4	j	j	PROPN
ajeer-251	190	5	jtj	jtj	VERB
ajeer-251	190	6	j	j	PROPN
ajeer-251	190	7	jtj	jtj	VERB
ajeer-251	190	8	j	j	PROPN
ajeer-251	190	9	jtj	jtj	PROPN
ajeer-251	190	10	j	j	PROPN
ajeer-251	190	11	jtjt	jtjt	PROPN
ajeer-251	190	12	ecm	ecm	PROPN
ajeer-251	190	13	lilnpilnrir	lilnpilnrir	PROPN
ajeer-251	190	14	ppilnilniln	ppilnilniln	PROPN
ajeer-251	190	15			ADJ
ajeer-251	190	16			NOUN
ajeer-251	190	17			NOUN
ajeer-251	190	18			ADV
ajeer-251	190	19			ADV
ajeer-251	190	20			ADJ
ajeer-251	190	21			X
ajeer-251	190	22			VERB
ajeer-251	191	1			PROPN
ajeer-251	191	2			PROPN
ajeer-251	191	3			PROPN
ajeer-251	191	4			PROPN
ajeer-251	191	5			PROPN
ajeer-251	191	6			PROPN
ajeer-251	191	7			PROPN
ajeer-251	191	8			PROPN
ajeer-251	191	9			PROPN
ajeer-251	191	10			PROPN
ajeer-251	191	11			PROPN
ajeer-251	191	12			PROPN
ajeer-251	191	13			PRON
ajeer-251	191	14	1	1	NUM
ajeer-251	191	15	0	0	NUM
ajeer-251	191	16	5	5	NUM
ajeer-251	191	17	0	0	NUM
ajeer-251	191	18	4	4	NUM
ajeer-251	191	19	0	0	NUM
ajeer-251	191	20	3	3	NUM
ajeer-251	191	21	0	0	NUM
ajeer-251	191	22	2	2	NUM
ajeer-251	191	23	1	1	NUM
ajeer-251	191	24	10	10	NUM
ajeer-251	191	25	)	)	PUNCT
ajeer-251	191	26	(	(	PUNCT
ajeer-251	191	27	)	)	PUNCT
ajeer-251	191	28	(	(	PUNCT
ajeer-251	191	29	)	)	PUNCT
ajeer-251	191	30	(	(	PUNCT
ajeer-251	191	31	)	)	PUNCT
ajeer-251	191	32	(	(	PUNCT
ajeer-251	191	33	)	)	PUNCT
ajeer-251	191	34	(	(	PUNCT
ajeer-251	191	35	)	)	PUNCT
ajeer-251	191	36	(	(	PUNCT
ajeer-251	191	37	(	(	PUNCT
ajeer-251	191	38	4.3	4.3	NUM
ajeer-251	191	39	)	)	PUNCT
ajeer-251	191	40	where	where	SCONJ
ajeer-251	191	41	1tecm	1tecm	PROPN
ajeer-251	191	42	is	be	AUX
ajeer-251	191	43	the	the	DET
ajeer-251	191	44	error	error	NOUN
ajeer-251	191	45	correction	correction	NOUN
ajeer-251	191	46	term	term	NOUN
ajeer-251	191	47	,	,	PUNCT
ajeer-251	191	48	estimated	estimate	VERB
ajeer-251	191	49	as	as	ADP
ajeer-251	191	50			PROPN
ajeer-251	191	51			X
ajeer-251	191	52			NUM
ajeer-251	191	53			PROPN
ajeer-251	191	54			PROPN
ajeer-251	191	55			PROPN
ajeer-251	191	56			PROPN
ajeer-251	191	57			PROPN
ajeer-251	191	58			PROPN
ajeer-251	191	59			PROPN
ajeer-251	191	60			PROPN
ajeer-251	191	61			PROPN
ajeer-251	191	62			PROPN
ajeer-251	191	63			NUM
ajeer-251	191	64			NOUN
ajeer-251	191	65			ADP
ajeer-251	191	66			ADJ
ajeer-251	191	67			NOUN
ajeer-251	191	68	0	0	NUM
ajeer-251	191	69	5	5	NUM
ajeer-251	191	70	0	0	NUM
ajeer-251	191	71	4	4	NUM
ajeer-251	191	72	0	0	NUM
ajeer-251	191	73	3	3	NUM
ajeer-251	191	74	0	0	NUM
ajeer-251	191	75	2	2	NUM
ajeer-251	191	76	1	1	NUM
ajeer-251	191	77	10	10	NUM
ajeer-251	191	78	)	)	PUNCT
ajeer-251	191	79	(	(	PUNCT
ajeer-251	191	80	)	)	PUNCT
ajeer-251	191	81	(	(	PUNCT
ajeer-251	191	82	)	)	PUNCT
ajeer-251	191	83	(	(	PUNCT
ajeer-251	191	84	)	)	PUNCT
ajeer-251	191	85	(	(	PUNCT
ajeer-251	191	86	)	)	PUNCT
ajeer-251	191	87	(	(	PUNCT
ajeer-251	191	88	)	)	PUNCT
ajeer-251	191	89	(	(	PUNCT
ajeer-251	191	90	j	j	PROPN
ajeer-251	191	91	jtj	jtj	VERB
ajeer-251	191	92	j	j	PROPN
ajeer-251	191	93	jtj	jtj	VERB
ajeer-251	191	94	j	j	PROPN
ajeer-251	191	95	jtj	jtj	VERB
ajeer-251	191	96	j	j	PROPN
ajeer-251	191	97	jtj	jtj	PROPN
ajeer-251	191	98	j	j	PROPN
ajeer-251	191	99	jtjtt	jtjtt	PROPN
ajeer-251	191	100	lilnpilnrirppiln	lilnpilnrirppiln	PROPN
ajeer-251	191	101	ilnilnecm	ilnilnecm	VERB
ajeer-251	191	102	in	in	ADP
ajeer-251	191	103	equation	equation	NOUN
ajeer-251	191	104	4.3	4.3	NUM
ajeer-251	191	105	the	the	DET
ajeer-251	191	106	coefficients	coefficient	NOUN
ajeer-251	191	107	represent	represent	VERB
ajeer-251	191	108	the	the	DET
ajeer-251	191	109	short	short	ADJ
ajeer-251	191	110	-	-	PUNCT
ajeer-251	191	111	run	run	NOUN
ajeer-251	191	112	dynamics	dynamic	NOUN
ajeer-251	191	113	of	of	ADP
ajeer-251	191	114	the	the	DET
ajeer-251	191	115	model	model	NOUN
ajeer-251	191	116	and	and	PROPN
ajeer-251	191	117	indicating	indicate	VERB
ajeer-251	191	118	the	the	DET
ajeer-251	191	119	speed	speed	NOUN
ajeer-251	191	120	of	of	ADP
ajeer-251	191	121	adjustment	adjustment	NOUN
ajeer-251	191	122	from	from	ADP
ajeer-251	191	123	short	short	ADJ
ajeer-251	191	124	-	-	PUNCT
ajeer-251	191	125	run	run	NOUN
ajeer-251	191	126	disequilibrium	disequilibrium	NOUN
ajeer-251	191	127	to	to	ADP
ajeer-251	191	128	long	long	ADV
ajeer-251	191	129	-	-	PUNCT
ajeer-251	191	130	run	run	VERB
ajeer-251	191	131	equilibrium	equilibrium	NOUN
ajeer-251	191	132	.	.	PUNCT
ajeer-251	192	1	4.2	4.2	NUM
ajeer-251	192	2	.	.	PUNCT
ajeer-251	193	1	the	the	DET
ajeer-251	193	2	data	datum	NOUN
ajeer-251	193	3	sources	source	NOUN
ajeer-251	193	4	and	and	CCONJ
ajeer-251	193	5	the	the	DET
ajeer-251	193	6	definition	definition	NOUN
ajeer-251	193	7	of	of	ADP
ajeer-251	193	8	variables	variable	NOUN
ajeer-251	193	9	this	this	DET
ajeer-251	193	10	study	study	NOUN
ajeer-251	193	11	uses	use	VERB
ajeer-251	193	12	annual	annual	ADJ
ajeer-251	193	13	time	time	NOUN
ajeer-251	193	14	series	series	PROPN
ajeer-251	193	15	from1971	from1971	PROPN
ajeer-251	193	16	-	-	PUNCT
ajeer-251	193	17	2014	2014	NUM
ajeer-251	193	18	.	.	PUNCT
ajeer-251	194	1	the	the	DET
ajeer-251	194	2	data	datum	NOUN
ajeer-251	194	3	is	be	AUX
ajeer-251	194	4	taken	take	VERB
ajeer-251	194	5	from	from	ADP
ajeer-251	194	6	world	world	NOUN
ajeer-251	194	7	development	development	NOUN
ajeer-251	194	8	indicators	indicator	NOUN
ajeer-251	194	9	(	(	PUNCT
ajeer-251	194	10	url	url	PROPN
ajeer-251	194	11	:	:	PUNCT
ajeer-251	194	12	http://data.worldbank.org/	http://data.worldbank.org/	NOUN
ajeer-251	194	13	)	)	PUNCT
ajeer-251	194	14	,	,	PUNCT
ajeer-251	194	15	state	state	NOUN
ajeer-251	194	16	bank	bank	PROPN
ajeer-251	194	17	of	of	ADP
ajeer-251	194	18	pakistan	pakistan	PROPN
ajeer-251	194	19	and	and	CCONJ
ajeer-251	194	20	pakistan	pakistan	PROPN
ajeer-251	194	21	economic	economic	ADJ
ajeer-251	194	22	survey	survey	NOUN
ajeer-251	194	23	.	.	PUNCT
ajeer-251	195	1	4.3	4.3	NUM
ajeer-251	195	2	.	.	PUNCT
ajeer-251	196	1	investment	investment	VERB
ajeer-251	196	2	the	the	DET
ajeer-251	196	3	real	real	ADJ
ajeer-251	196	4	private	private	ADJ
ajeer-251	196	5	investment	investment	NOUN
ajeer-251	196	6	and	and	CCONJ
ajeer-251	196	7	real	real	ADJ
ajeer-251	196	8	public	public	ADJ
ajeer-251	196	9	investment	investment	NOUN
ajeer-251	196	10	are	be	AUX
ajeer-251	196	11	in	in	ADP
ajeer-251	196	12	millions	million	NOUN
ajeer-251	196	13	of	of	ADP
ajeer-251	196	14	us$.	us$.	PRON
ajeer-251	196	15	the	the	DET
ajeer-251	196	16	real	real	ADJ
ajeer-251	196	17	gdp	gdp	NOUN
ajeer-251	196	18	,	,	PUNCT
ajeer-251	196	19	in	in	ADP
ajeer-251	196	20	constant	constant	ADJ
ajeer-251	196	21	prices	price	NOUN
ajeer-251	196	22	,	,	PUNCT
ajeer-251	196	23	is	be	AUX
ajeer-251	196	24	taken	take	VERB
ajeer-251	196	25	from	from	ADP
ajeer-251	196	26	wdi	wdi	NOUN
ajeer-251	196	27	,	,	PUNCT
ajeer-251	196	28	while	while	SCONJ
ajeer-251	196	29	the	the	DET
ajeer-251	196	30	other	other	ADJ
ajeer-251	196	31	savings	saving	NOUN
ajeer-251	196	32	and	and	CCONJ
ajeer-251	196	33	investment	investment	NOUN
ajeer-251	196	34	variables	variable	NOUN
ajeer-251	196	35	are	be	AUX
ajeer-251	196	36	from	from	ADP
ajeer-251	196	37	state	state	PROPN
ajeer-251	196	38	bank	bank	PROPN
ajeer-251	196	39	of	of	ADP
ajeer-251	196	40	pakistan	pakistan	PROPN
ajeer-251	196	41	.	.	PUNCT
ajeer-251	197	1	these	these	DET
ajeer-251	197	2	variables	variable	NOUN
ajeer-251	197	3	are	be	AUX
ajeer-251	197	4	in	in	ADP
ajeer-251	197	5	nominal	nominal	ADJ
ajeer-251	197	6	terms	term	NOUN
ajeer-251	197	7	and	and	CCONJ
ajeer-251	197	8	are	be	AUX
ajeer-251	197	9	adjusted	adjust	VERB
ajeer-251	197	10	by	by	ADP
ajeer-251	197	11	the	the	DET
ajeer-251	197	12	gdp	gdp	NOUN
ajeer-251	197	13	deflator	deflator	NOUN
ajeer-251	197	14	.	.	PUNCT
ajeer-251	198	1	4.4	4.4	NUM
ajeer-251	198	2	.	.	PUNCT
ajeer-251	199	1	real	real	ADJ
ajeer-251	199	2	interest	interest	NOUN
ajeer-251	199	3	rate	rate	NOUN
ajeer-251	199	4	the	the	DET
ajeer-251	199	5	real	real	ADJ
ajeer-251	199	6	interest	interest	NOUN
ajeer-251	199	7	rate	rate	NOUN
ajeer-251	199	8	(	(	PUNCT
ajeer-251	199	9	rir	rir	NOUN
ajeer-251	199	10	)	)	PUNCT
ajeer-251	199	11	is	be	AUX
ajeer-251	199	12	the	the	DET
ajeer-251	199	13	user	user	NOUN
ajeer-251	199	14	cost	cost	NOUN
ajeer-251	199	15	of	of	ADP
ajeer-251	199	16	capital	capital	NOUN
ajeer-251	199	17	and	and	CCONJ
ajeer-251	199	18	lending	lending	NOUN
ajeer-251	199	19	interest	interest	NOUN
ajeer-251	199	20	rate	rate	NOUN
ajeer-251	199	21	adjusted	adjust	VERB
ajeer-251	199	22	for	for	ADP
ajeer-251	199	23	inflation	inflation	NOUN
ajeer-251	199	24	(	(	PUNCT
ajeer-251	199	25	as	as	SCONJ
ajeer-251	199	26	used	use	VERB
ajeer-251	199	27	by	by	ADP
ajeer-251	199	28	the	the	DET
ajeer-251	199	29	gdp	gdp	NOUN
ajeer-251	199	30	deflator	deflator	PROPN
ajeer-251	199	31	)	)	PUNCT
ajeer-251	199	32	.	.	PUNCT
ajeer-251	200	1	4.5	4.5	NUM
ajeer-251	200	2	.	.	PUNCT
ajeer-251	201	1	financial	financial	ADJ
ajeer-251	201	2	indicators	indicator	NOUN
ajeer-251	201	3	the	the	DET
ajeer-251	201	4	capital	capital	NOUN
ajeer-251	201	5	account	account	NOUN
ajeer-251	201	6	liberalization	liberalization	NOUN
ajeer-251	201	7	index	index	NOUN
ajeer-251	201	8	is	be	AUX
ajeer-251	201	9	taken	take	VERB
ajeer-251	201	10	from	from	ADP
ajeer-251	201	11	the	the	DET
ajeer-251	201	12	chinn	chinn	PROPN
ajeer-251	201	13	and	and	CCONJ
ajeer-251	201	14	ito	ito	PROPN
ajeer-251	201	15	,	,	PUNCT
ajeer-251	201	16	available	available	ADJ
ajeer-251	201	17	at	at	ADP
ajeer-251	201	18	url	url	PROPN
ajeer-251	201	19	:	:	PUNCT
ajeer-251	201	20	http://web.pdx.edu/~ito/chinn-ito_website.htm	http://web.pdx.edu/~ito/chinn-ito_website.htm	NOUN
ajeer-251	201	21	.	.	PUNCT
ajeer-251	202	1	the	the	DET
ajeer-251	202	2	de	de	X
ajeer-251	202	3	facto	facto	X
ajeer-251	202	4	indicator	indicator	NOUN
ajeer-251	202	5	of	of	ADP
ajeer-251	202	6	financial	financial	ADJ
ajeer-251	202	7	openness	openness	NOUN
ajeer-251	202	8	uses	use	VERB
ajeer-251	202	9	a	a	DET
ajeer-251	202	10	total	total	ADJ
ajeer-251	202	11	stock	stock	NOUN
ajeer-251	202	12	of	of	ADP
ajeer-251	202	13	assets	asset	NOUN
ajeer-251	202	14	and	and	CCONJ
ajeer-251	202	15	liabilities	liability	NOUN
ajeer-251	202	16	as	as	SCONJ
ajeer-251	202	17	constructed	construct	VERB
ajeer-251	202	18	by	by	ADP
ajeer-251	202	19	lane	lane	NOUN
ajeer-251	202	20	and	and	CCONJ
ajeer-251	202	21	milesi	milesi	NOUN
ajeer-251	202	22	-	-	PUNCT
ajeer-251	202	23	ferretti	ferretti	NOUN
ajeer-251	202	24	(	(	PUNCT
ajeer-251	202	25	2007	2007	NUM
ajeer-251	202	26	)	)	PUNCT
ajeer-251	202	27	.	.	PUNCT
ajeer-251	203	1	the	the	DET
ajeer-251	203	2	financial	financial	ADJ
ajeer-251	203	3	liberalization	liberalization	NOUN
ajeer-251	203	4	index	index	NOUN
ajeer-251	203	5	used	use	VERB
ajeer-251	203	6	is	be	AUX
ajeer-251	203	7	developed	develop	VERB
ajeer-251	203	8	by	by	ADP
ajeer-251	203	9	hye	hye	PROPN
ajeer-251	203	10	and	and	CCONJ
ajeer-251	203	11	lau	lau	PROPN
ajeer-251	203	12	(	(	PUNCT
ajeer-251	203	13	2017	2017	NUM
ajeer-251	203	14	)	)	PUNCT
ajeer-251	203	15	.	.	PUNCT
ajeer-251	204	1	4.6	4.6	NUM
ajeer-251	204	2	.	.	PUNCT
ajeer-251	205	1	trade	trade	NOUN
ajeer-251	205	2	indicators	indicator	NOUN
ajeer-251	205	3	to	to	PART
ajeer-251	205	4	identify	identify	VERB
ajeer-251	205	5	the	the	DET
ajeer-251	205	6	trade	trade	NOUN
ajeer-251	205	7	liberalization	liberalization	NOUN
ajeer-251	205	8	date	date	NOUN
ajeer-251	205	9	(	(	PUNCT
ajeer-251	205	10	de	de	X
ajeer-251	205	11	jure	jure	NOUN
ajeer-251	205	12	)	)	PUNCT
ajeer-251	205	13	,	,	PUNCT
ajeer-251	205	14	we	we	PRON
ajeer-251	205	15	apply	apply	VERB
ajeer-251	205	16	the	the	DET
ajeer-251	205	17	procedure	procedure	NOUN
ajeer-251	205	18	by	by	ADP
ajeer-251	205	19	wacziarg	wacziarg	NOUN
ajeer-251	205	20	and	and	CCONJ
ajeer-251	205	21	welch	welch	PROPN
ajeer-251	205	22	(	(	PUNCT
ajeer-251	205	23	2008	2008	NUM
ajeer-251	205	24	)	)	PUNCT
ajeer-251	205	25	and	and	CCONJ
ajeer-251	205	26	the	the	DET
ajeer-251	205	27	trade	trade	NOUN
ajeer-251	205	28	openness	openness	NOUN
ajeer-251	205	29	variable	variable	NOUN
ajeer-251	205	30	is	be	AUX
ajeer-251	205	31	constructed	construct	VERB
ajeer-251	205	32	by	by	ADP
ajeer-251	205	33	taking	take	VERB
ajeer-251	205	34	the	the	DET
ajeer-251	205	35	ratio	ratio	NOUN
ajeer-251	205	36	of	of	ADP
ajeer-251	205	37	export	export	NOUN
ajeer-251	205	38	plus	plus	CCONJ
ajeer-251	205	39	import	import	NOUN
ajeer-251	205	40	to	to	ADP
ajeer-251	205	41	gdp	gdp	PROPN
ajeer-251	205	42	.	.	PUNCT
ajeer-251	206	1	4.7	4.7	NUM
ajeer-251	206	2	.	.	PUNCT
ajeer-251	207	1	private	private	ADJ
ajeer-251	207	2	income	income	NOUN
ajeer-251	207	3	we	we	PRON
ajeer-251	207	4	add	add	VERB
ajeer-251	207	5	private	private	ADJ
ajeer-251	207	6	consumption	consumption	NOUN
ajeer-251	207	7	and	and	CCONJ
ajeer-251	207	8	private	private	ADJ
ajeer-251	207	9	saving	saving	NOUN
ajeer-251	207	10	to	to	PART
ajeer-251	207	11	find	find	VERB
ajeer-251	207	12	aggregate	aggregate	ADJ
ajeer-251	207	13	private	private	ADJ
ajeer-251	207	14	income	income	NOUN
ajeer-251	207	15	and	and	CCONJ
ajeer-251	207	16	then	then	ADV
ajeer-251	207	17	adjusted	adjust	VERB
ajeer-251	207	18	by	by	ADP
ajeer-251	207	19	the	the	DET
ajeer-251	207	20	gdp	gdp	NOUN
ajeer-251	207	21	deflator	deflator	NOUN
ajeer-251	207	22	.	.	PUNCT
ajeer-251	208	1	to	to	PART
ajeer-251	208	2	obtain	obtain	VERB
ajeer-251	208	3	the	the	DET
ajeer-251	208	4	real	real	ADJ
ajeer-251	208	5	per	per	ADP
ajeer-251	208	6	capita	capita	X
ajeer-251	208	7	private	private	ADJ
ajeer-251	208	8	income	income	NOUN
ajeer-251	208	9	,	,	PUNCT
ajeer-251	208	10	it	it	PRON
ajeer-251	208	11	is	be	AUX
ajeer-251	208	12	divided	divide	VERB
ajeer-251	208	13	by	by	ADP
ajeer-251	208	14	population	population	NOUN
ajeer-251	208	15	.	.	PUNCT
ajeer-251	209	1	5	5	X
ajeer-251	209	2	.	.	X
ajeer-251	209	3	estimation	estimation	NOUN
ajeer-251	209	4	results	result	VERB
ajeer-251	209	5	table-5.1	table-5.1	PROPN
ajeer-251	209	6	shows	show	VERB
ajeer-251	209	7	the	the	DET
ajeer-251	209	8	adf	adf	PROPN
ajeer-251	209	9	unit	unit	NOUN
ajeer-251	209	10	root	root	PROPN
ajeer-251	209	11	test	test	NOUN
ajeer-251	209	12	results	result	NOUN
ajeer-251	209	13	.	.	PUNCT
ajeer-251	210	1	the	the	DET
ajeer-251	210	2	results	result	NOUN
ajeer-251	210	3	indicate	indicate	VERB
ajeer-251	210	4	that	that	SCONJ
ajeer-251	210	5	all	all	DET
ajeer-251	210	6	variables	variable	NOUN
ajeer-251	210	7	are	be	AUX
ajeer-251	210	8	integrated	integrate	VERB
ajeer-251	210	9	order	order	NOUN
ajeer-251	210	10	one	one	PRON
ajeer-251	210	11	expect	expect	VERB
ajeer-251	210	12	the	the	DET
ajeer-251	210	13	capital	capital	NOUN
ajeer-251	210	14	account	account	NOUN
ajeer-251	210	15	liberalization	liberalization	NOUN
ajeer-251	210	16	.	.	PUNCT
ajeer-251	211	1	table-5.1	table-5.1	PROPN
ajeer-251	211	2	.	.	PUNCT
ajeer-251	212	1	adf	adf	PROPN
ajeer-251	212	2	unit	unit	NOUN
ajeer-251	212	3	root	root	PROPN
ajeer-251	212	4	test	test	NOUN
ajeer-251	212	5	results	result	NOUN
ajeer-251	212	6	level	level	VERB
ajeer-251	212	7	1st	1st	ADJ
ajeer-251	212	8	difference	difference	NOUN
ajeer-251	212	9	rir	rir	NOUN
ajeer-251	212	10	-0.987	-0.987	PUNCT
ajeer-251	212	11	ln(fo	ln(fo	ADJ
ajeer-251	212	12	)	)	PUNCT
ajeer-251	212	13	-1.697	-1.697	PUNCT
ajeer-251	212	14	-2.697	-2.697	PUNCT
ajeer-251	212	15	note	note	NOUN
ajeer-251	212	16	:	:	PUNCT
ajeer-251	212	17	ln	ln	ADV
ajeer-251	212	18	shows	show	VERB
ajeer-251	212	19	the	the	DET
ajeer-251	212	20	sign	sign	NOUN
ajeer-251	212	21	of	of	ADP
ajeer-251	212	22	natural	natural	ADJ
ajeer-251	212	23	logarithm	logarithm	NOUN
ajeer-251	212	24	,	,	PUNCT
ajeer-251	213	1	i	i	PRON
ajeer-251	213	2	to	to	ADP
ajeer-251	213	3	real	real	ADJ
ajeer-251	213	4	private	private	ADJ
ajeer-251	213	5	investment	investment	NOUN
ajeer-251	213	6	ppi	ppi	NOUN
ajeer-251	213	7	stands	stand	VERB
ajeer-251	213	8	for	for	ADP
ajeer-251	213	9	per	per	ADP
ajeer-251	213	10	capita	capita	X
ajeer-251	213	11	real	real	ADJ
ajeer-251	213	12	private	private	ADJ
ajeer-251	213	13	income	income	NOUN
ajeer-251	213	14	,	,	PUNCT
ajeer-251	213	15	rir	rir	PROPN
ajeer-251	213	16	stands	stand	VERB
ajeer-251	213	17	for	for	ADP
ajeer-251	213	18	real	real	ADJ
ajeer-251	213	19	interest	interest	NOUN
ajeer-251	213	20	rate	rate	NOUN
ajeer-251	213	21	,	,	PUNCT
ajeer-251	213	22	pi	pi	NOUN
ajeer-251	213	23	stands	stand	VERB
ajeer-251	213	24	for	for	ADP
ajeer-251	213	25	real	real	ADJ
ajeer-251	213	26	public	public	ADJ
ajeer-251	213	27	investment	investment	NOUN
ajeer-251	213	28	(	(	PUNCT
ajeer-251	213	29	pi	pi	NOUN
ajeer-251	213	30	)	)	PUNCT
ajeer-251	213	31	,	,	PUNCT
ajeer-251	213	32	fli	fli	NOUN
ajeer-251	213	33	stands	stand	VERB
ajeer-251	213	34	for	for	ADP
ajeer-251	213	35	financial	financial	ADJ
ajeer-251	213	36	liberalization	liberalization	NOUN
ajeer-251	213	37	index	index	NOUN
ajeer-251	213	38	,	,	PUNCT
ajeer-251	213	39	tli	tli	PROPN
ajeer-251	213	40	stands	stand	VERB
ajeer-251	213	41	for	for	ADP
ajeer-251	213	42	trade	trade	NOUN
ajeer-251	213	43	liberalization	liberalization	NOUN
ajeer-251	213	44	index	index	NOUN
ajeer-251	213	45	,	,	PUNCT
ajeer-251	213	46	k_open	k_open	PROPN
ajeer-251	213	47	stands	stand	VERB
ajeer-251	213	48	for	for	ADP
ajeer-251	213	49	capital	capital	NOUN
ajeer-251	213	50	account	account	NOUN
ajeer-251	213	51	liberalization	liberalization	NOUN
ajeer-251	213	52	index	index	NOUN
ajeer-251	213	53	,	,	PUNCT
ajeer-251	213	54	fo	fo	ADV
ajeer-251	213	55	stands	stand	VERB
ajeer-251	213	56	for	for	ADP
ajeer-251	213	57	financial	financial	ADJ
ajeer-251	213	58	openness	openness	NOUN
ajeer-251	213	59	index	index	NOUN
ajeer-251	213	60	,	,	PUNCT
ajeer-251	213	61	to	to	PART
ajeer-251	213	62	stands	stand	VERB
ajeer-251	213	63	for	for	ADP
ajeer-251	213	64	trade	trade	NOUN
ajeer-251	213	65	openness	openness	NOUN
ajeer-251	213	66	(	(	PUNCT
ajeer-251	213	67	to	to	PART
ajeer-251	213	68	)	)	PUNCT
ajeer-251	213	69	.	.	PUNCT
ajeer-251	214	1	a	a	X
ajeer-251	214	2	;	;	PUNCT
ajeer-251	214	3	indicate	indicate	VERB
ajeer-251	214	4	1	1	NUM
ajeer-251	214	5	%	%	NOUN
ajeer-251	214	6	level	level	NOUN
ajeer-251	214	7	of	of	ADP
ajeer-251	214	8	significance	significance	NOUN
ajeer-251	214	9	.	.	PUNCT
ajeer-251	215	1	b	b	NOUN
ajeer-251	215	2	indicates	indicate	VERB
ajeer-251	215	3	a	a	DET
ajeer-251	215	4	5	5	NUM
ajeer-251	215	5	%	%	NOUN
ajeer-251	215	6	level	level	NOUN
ajeer-251	215	7	of	of	ADP
ajeer-251	215	8	significance	significance	NOUN
ajeer-251	215	9	.	.	PUNCT
ajeer-251	216	1	c	c	PROPN
ajeer-251	216	2	indicates	indicate	VERB
ajeer-251	216	3	a	a	DET
ajeer-251	216	4	10	10	NUM
ajeer-251	216	5	%	%	NOUN
ajeer-251	216	6	level	level	NOUN
ajeer-251	216	7	of	of	ADP
ajeer-251	216	8	significance	significance	NOUN
ajeer-251	216	9	.	.	PUNCT
ajeer-251	217	1	http://data.worldbank.org/	http://data.worldbank.org/	PROPN
ajeer-251	217	2	http://web.pdx.edu/~ito/chinn-ito_website.htm	http://web.pdx.edu/~ito/chinn-ito_website.htm	NOUN
ajeer-251	217	3	asian	asian	ADJ
ajeer-251	217	4	journal	journal	NOUN
ajeer-251	217	5	of	of	ADP
ajeer-251	217	6	economics	economic	NOUN
ajeer-251	217	7	and	and	CCONJ
ajeer-251	217	8	empirical	empirical	ADJ
ajeer-251	217	9	research	research	NOUN
ajeer-251	217	10	,	,	PUNCT
ajeer-251	217	11	2018	2018	NUM
ajeer-251	217	12	,	,	PUNCT
ajeer-251	217	13	5(2	5(2	NUM
ajeer-251	217	14	):	):	PUNCT
ajeer-251	217	15	112	112	NUM
ajeer-251	217	16	-	-	SYM
ajeer-251	217	17	120	120	NUM
ajeer-251	217	18	118	118	NUM
ajeer-251	217	19	table-5.2	table-5.2	NOUN
ajeer-251	217	20	.	.	PUNCT
ajeer-251	218	1	critical	critical	ADJ
ajeer-251	218	2	values	value	NOUN
ajeer-251	218	3	for	for	ADP
ajeer-251	218	4	ardl	ardl	NOUN
ajeer-251	218	5	modeling	modeling	NOUN
ajeer-251	218	6	approach	approach	NOUN
ajeer-251	218	7	k	k	NOUN
ajeer-251	218	8	=	=	PUNCT
ajeer-251	218	9	4	4	NUM
ajeer-251	218	10	0.10	0.10	NUM
ajeer-251	218	11	0.05	0.05	NUM
ajeer-251	218	12	0.01	0.01	NUM
ajeer-251	218	13	i(0	i(0	PROPN
ajeer-251	218	14	)	)	PUNCT
ajeer-251	218	15	i(1	i(1	PROPN
ajeer-251	218	16	)	)	PUNCT
ajeer-251	218	17	3.298	3.298	NUM
ajeer-251	218	18	4.378	4.378	NUM
ajeer-251	218	19	3.980	3.980	NUM
ajeer-251	218	20	5.104	5.104	NUM
ajeer-251	218	21	5.224	5.224	NUM
ajeer-251	218	22	6.696	6.696	NUM
ajeer-251	218	23	fiii	fiii	NOUN
ajeer-251	218	24	2.638	2.638	NUM
ajeer-251	218	25	3.772	3.772	NUM
ajeer-251	218	26	3.178	3.178	NUM
ajeer-251	218	27	4.450	4.450	NUM
ajeer-251	218	28	4.394	4.394	NUM
ajeer-251	218	29	5.914	5.914	NUM
ajeer-251	218	30	tv	tv	NOUN
ajeer-251	218	31	-3.13	-3.13	NUM
ajeer-251	218	32	-4.04	-4.04	NOUN
ajeer-251	218	33	-3.41	-3.41	NOUN
ajeer-251	218	34	-4.36	-4.36	NUM
ajeer-251	218	35	-3.96	-3.96	NUM
ajeer-251	218	36	-4.96	-4.96	NUM
ajeer-251	218	37	tiii	tiii	PROPN
ajeer-251	218	38	-2.57	-2.57	NUM
ajeer-251	218	39	-3.66	-3.66	NUM
ajeer-251	218	40	-2.86	-2.86	NOUN
ajeer-251	218	41	-3.99	-3.99	NOUN
ajeer-251	218	42	-3.43	-3.43	NOUN
ajeer-251	218	43	-4.60	-4.60	PROPN
ajeer-251	218	44	notes	note	NOUN
ajeer-251	218	45	:	:	PUNCT
ajeer-251	218	46	k	k	X
ajeer-251	218	47	is	be	AUX
ajeer-251	218	48	the	the	DET
ajeer-251	218	49	number	number	NOUN
ajeer-251	218	50	of	of	ADP
ajeer-251	218	51	regressors	regressor	NOUN
ajeer-251	218	52	,	,	PUNCT
ajeer-251	218	53	represents	represent	VERB
ajeer-251	218	54	the	the	DET
ajeer-251	218	55	f	f	NOUN
ajeer-251	218	56	-	-	PUNCT
ajeer-251	218	57	statistic	statistic	NOUN
ajeer-251	218	58	of	of	ADP
ajeer-251	218	59	the	the	DET
ajeer-251	218	60	model	model	NOUN
ajeer-251	218	61	with	with	ADP
ajeer-251	218	62	unrestricted	unrestricted	ADJ
ajeer-251	218	63	intercept	intercept	NOUN
ajeer-251	218	64	and	and	CCONJ
ajeer-251	218	65	trend	trend	NOUN
ajeer-251	218	66	,	,	PUNCT
ajeer-251	218	67	represents	represent	VERB
ajeer-251	218	68	the	the	DET
ajeer-251	218	69	f	f	NOUN
ajeer-251	218	70	-	-	PUNCT
ajeer-251	218	71	statistic	statistic	NOUN
ajeer-251	218	72	of	of	ADP
ajeer-251	218	73	the	the	DET
ajeer-251	218	74	model	model	NOUN
ajeer-251	218	75	with	with	ADP
ajeer-251	218	76	unrestricted	unrestricted	ADJ
ajeer-251	218	77	intercept	intercept	NOUN
ajeer-251	218	78	and	and	CCONJ
ajeer-251	218	79	no	no	DET
ajeer-251	218	80	trend	trend	NOUN
ajeer-251	218	81	.	.	PUNCT
ajeer-251	219	1	and	and	CCONJ
ajeer-251	219	2	are	be	AUX
ajeer-251	219	3	the	the	DET
ajeer-251	219	4	t	t	PROPN
ajeer-251	219	5	ratios	ratio	NOUN
ajeer-251	219	6	for	for	ADP
ajeer-251	219	7	testing	testing	NOUN
ajeer-251	219	8	in	in	ADP
ajeer-251	219	9	equation	equation	NOUN
ajeer-251	219	10	(	(	PUNCT
ajeer-251	219	11	4.2	4.2	NUM
ajeer-251	219	12	)	)	PUNCT
ajeer-251	219	13	is	be	AUX
ajeer-251	219	14	respectively	respectively	ADV
ajeer-251	219	15	with	with	ADP
ajeer-251	219	16	and	and	CCONJ
ajeer-251	219	17	without	without	ADP
ajeer-251	219	18	deterministic	deterministic	ADJ
ajeer-251	219	19	linear	linear	ADJ
ajeer-251	219	20	trend	trend	NOUN
ajeer-251	219	21	.	.	PUNCT
ajeer-251	220	1	source	source	NOUN
ajeer-251	220	2	:	:	PUNCT
ajeer-251	220	3	narayan	narayan	PROPN
ajeer-251	220	4	(	(	PUNCT
ajeer-251	220	5	2005	2005	NUM
ajeer-251	220	6	)	)	PUNCT
ajeer-251	220	7	for	for	ADP
ajeer-251	220	8	f	f	PROPN
ajeer-251	220	9	-	-	PUNCT
ajeer-251	220	10	statistics	statistic	NOUN
ajeer-251	220	11	and	and	CCONJ
ajeer-251	220	12	pesaran	pesaran	VERB
ajeer-251	220	13	et	et	PROPN
ajeer-251	220	14	al	al	PROPN
ajeer-251	220	15	.	.	PROPN
ajeer-251	221	1	(	(	PUNCT
ajeer-251	221	2	2001	2001	NUM
ajeer-251	221	3	)	)	PUNCT
ajeer-251	221	4	for	for	ADP
ajeer-251	221	5	t	t	PROPN
ajeer-251	221	6	-	-	PUNCT
ajeer-251	221	7	statistic	statistic	NOUN
ajeer-251	221	8	.	.	PUNCT
ajeer-251	222	1	table-5.3	table-5.3	NOUN
ajeer-251	222	2	.	.	PUNCT
ajeer-251	223	1	ardl	ardl	NOUN
ajeer-251	223	2	co	co	NOUN
ajeer-251	223	3	-	-	NOUN
ajeer-251	223	4	integration	integration	NOUN
ajeer-251	223	5	analysis	analysis	NOUN
ajeer-251	223	6	of	of	ADP
ajeer-251	223	7	private	private	ADJ
ajeer-251	223	8	investment	investment	NOUN
ajeer-251	223	9	model	model	NOUN
ajeer-251	223	10	models	model	NOUN
ajeer-251	223	11	without	without	ADP
ajeer-251	223	12	deterministic	deterministic	ADJ
ajeer-251	223	13	trends	trend	NOUN
ajeer-251	223	14	with	with	ADP
ajeer-251	223	15	deterministic	deterministic	ADJ
ajeer-251	223	16	trends	trend	NOUN
ajeer-251	223	17	conclusion	conclusion	VERB
ajeer-251	223	18	fiii	fiii	NOUN
ajeer-251	223	19	tiii	tiii	PROPN
ajeer-251	223	20	fv	fv	PROPN
ajeer-251	223	21	tv	tv	PROPN
ajeer-251	223	22	h0	h0	PROPN
ajeer-251	223	23	rejected	reject	VERB
ajeer-251	223	24	rejected	reject	VERB
ajeer-251	223	25	rejected	reject	VERB
ajeer-251	223	26	rejected	reject	VERB
ajeer-251	223	27	rejected	reject	VERB
ajeer-251	223	28	note	note	NOUN
ajeer-251	223	29	:	:	PUNCT
ajeer-251	223	30	h0	h0	NOUN
ajeer-251	223	31	indicates	indicate	VERB
ajeer-251	223	32	no	no	DET
ajeer-251	223	33	cointegration	cointegration	NOUN
ajeer-251	223	34	.	.	PUNCT
ajeer-251	224	1	the	the	DET
ajeer-251	224	2	optimum	optimum	ADJ
ajeer-251	224	3	lag	lag	NOUN
ajeer-251	224	4	is	be	AUX
ajeer-251	224	5	selected	select	VERB
ajeer-251	224	6	by	by	ADP
ajeer-251	224	7	using	use	VERB
ajeer-251	224	8	the	the	DET
ajeer-251	224	9	schwarz	schwarz	PROPN
ajeer-251	224	10	bayesian	bayesian	NOUN
ajeer-251	224	11	criterion	criterion	NOUN
ajeer-251	224	12	.	.	PUNCT
ajeer-251	225	1	lag	lag	PROPN
ajeer-251	225	2	is	be	AUX
ajeer-251	225	3	the	the	DET
ajeer-251	225	4	number	number	NOUN
ajeer-251	225	5	of	of	ADP
ajeer-251	225	6	lags	lag	NOUN
ajeer-251	225	7	,	,	PUNCT
ajeer-251	225	8	represents	represent	VERB
ajeer-251	225	9	the	the	DET
ajeer-251	225	10	fstatistic	fstatistic	NOUN
ajeer-251	225	11	of	of	ADP
ajeer-251	225	12	the	the	DET
ajeer-251	225	13	model	model	NOUN
ajeer-251	225	14	with	with	ADP
ajeer-251	225	15	unrestricted	unrestricted	ADJ
ajeer-251	225	16	intercept	intercept	NOUN
ajeer-251	225	17	and	and	CCONJ
ajeer-251	225	18	no	no	DET
ajeer-251	225	19	trend	trend	NOUN
ajeer-251	225	20	.	.	PUNCT
ajeer-251	226	1	represents	represent	VERB
ajeer-251	226	2	the	the	DET
ajeer-251	226	3	f	f	NOUN
ajeer-251	226	4	-	-	PUNCT
ajeer-251	226	5	statistic	statistic	NOUN
ajeer-251	226	6	of	of	ADP
ajeer-251	226	7	the	the	DET
ajeer-251	226	8	model	model	NOUN
ajeer-251	226	9	with	with	ADP
ajeer-251	226	10	unrestricted	unrestricted	ADJ
ajeer-251	226	11	intercept	intercept	NOUN
ajeer-251	226	12	and	and	CCONJ
ajeer-251	226	13	trend	trend	NOUN
ajeer-251	226	14	.	.	PUNCT
ajeer-251	227	1	the	the	PRON
ajeer-251	227	2	and	and	CCONJ
ajeer-251	227	3	are	be	AUX
ajeer-251	227	4	the	the	DET
ajeer-251	227	5	t	t	PROPN
ajeer-251	227	6	ratios	ratio	NOUN
ajeer-251	227	7	are	be	AUX
ajeer-251	227	8	respectively	respectively	ADV
ajeer-251	227	9	with	with	ADP
ajeer-251	227	10	and	and	CCONJ
ajeer-251	227	11	without	without	ADP
ajeer-251	227	12	a	a	DET
ajeer-251	227	13	deterministic	deterministic	ADJ
ajeer-251	227	14	linear	linear	NOUN
ajeer-251	227	15	trend	trend	NOUN
ajeer-251	227	16	.	.	PUNCT
ajeer-251	228	1	„	„	NOUN
ajeer-251	228	2	c‟	c‟	X
ajeer-251	228	3	indicates	indicate	VERB
ajeer-251	228	4	that	that	SCONJ
ajeer-251	228	5	the	the	DET
ajeer-251	228	6	statistic	statistic	NOUN
ajeer-251	228	7	lies	lie	VERB
ajeer-251	228	8	below	below	ADP
ajeer-251	228	9	the	the	DET
ajeer-251	228	10	0.10	0.10	NUM
ajeer-251	228	11	lower	lower	ADV
ajeer-251	228	12	bound	bind	VERB
ajeer-251	228	13	„	„	PUNCT
ajeer-251	228	14	b‟	b‟	ADP
ajeer-251	228	15	that	that	SCONJ
ajeer-251	228	16	it	it	PRON
ajeer-251	228	17	falls	fall	VERB
ajeer-251	228	18	within	within	ADP
ajeer-251	228	19	the	the	DET
ajeer-251	228	20	0.10	0.10	NUM
ajeer-251	228	21	bounds	bound	NOUN
ajeer-251	228	22	and	and	CCONJ
ajeer-251	228	23	a‟	a‟	ADP
ajeer-251	228	24	that	that	SCONJ
ajeer-251	228	25	it	it	PRON
ajeer-251	228	26	lies	lie	VERB
ajeer-251	228	27	above	above	ADP
ajeer-251	228	28	the	the	DET
ajeer-251	228	29	0.10	0.10	NUM
ajeer-251	228	30	upper	upper	ADJ
ajeer-251	228	31	bound	bind	VERB
ajeer-251	228	32	.	.	PUNCT
ajeer-251	229	1	table-5.4	table-5.4	NOUN
ajeer-251	229	2	.	.	PUNCT
ajeer-251	229	3	long	long	ADJ
ajeer-251	229	4	run	run	NOUN
ajeer-251	229	5	coefficients	coefficient	NOUN
ajeer-251	229	6	of	of	ADP
ajeer-251	229	7	the	the	DET
ajeer-251	229	8	private	private	ADJ
ajeer-251	229	9	investment	investment	NOUN
ajeer-251	229	10	model	model	NOUN
ajeer-251	229	11	1	1	NUM
ajeer-251	229	12	2	2	NUM
ajeer-251	229	13	3	3	NUM
ajeer-251	229	14	4	4	NUM
ajeer-251	229	15	5	5	NUM
ajeer-251	229	16	constant	constant	ADJ
ajeer-251	229	17	2.327a	2.327a	NUM
ajeer-251	229	18	-0.002	-0.002	PUNCT
ajeer-251	229	19	de	de	X
ajeer-251	229	20	jure	jure	NOUN
ajeer-251	229	21	de	de	X
ajeer-251	229	22	facto	facto	X
ajeer-251	229	23	note	note	NOUN
ajeer-251	229	24	:	:	PUNCT
ajeer-251	229	25	ln	ln	ADV
ajeer-251	229	26	shows	show	VERB
ajeer-251	229	27	the	the	DET
ajeer-251	229	28	sign	sign	NOUN
ajeer-251	229	29	of	of	ADP
ajeer-251	229	30	natural	natural	ADJ
ajeer-251	229	31	logarithm	logarithm	NOUN
ajeer-251	229	32	,	,	PUNCT
ajeer-251	229	33	ppi	ppi	PROPN
ajeer-251	229	34	stands	stand	VERB
ajeer-251	229	35	for	for	ADP
ajeer-251	229	36	per	per	ADP
ajeer-251	229	37	capita	capita	X
ajeer-251	229	38	real	real	ADJ
ajeer-251	229	39	private	private	ADJ
ajeer-251	229	40	income	income	NOUN
ajeer-251	229	41	,	,	PUNCT
ajeer-251	229	42	rir	rir	PROPN
ajeer-251	229	43	stands	stand	VERB
ajeer-251	229	44	for	for	ADP
ajeer-251	229	45	real	real	ADJ
ajeer-251	229	46	interest	interest	NOUN
ajeer-251	229	47	rate	rate	NOUN
ajeer-251	229	48	,	,	PUNCT
ajeer-251	229	49	pi	pi	NOUN
ajeer-251	229	50	stands	stand	VERB
ajeer-251	229	51	for	for	ADP
ajeer-251	229	52	real	real	ADJ
ajeer-251	229	53	public	public	ADJ
ajeer-251	229	54	investment	investment	NOUN
ajeer-251	229	55	(	(	PUNCT
ajeer-251	229	56	pi	pi	NOUN
ajeer-251	229	57	)	)	PUNCT
ajeer-251	229	58	,	,	PUNCT
ajeer-251	229	59	fli	fli	NOUN
ajeer-251	229	60	stands	stand	VERB
ajeer-251	229	61	for	for	ADP
ajeer-251	229	62	financial	financial	ADJ
ajeer-251	229	63	liberalization	liberalization	NOUN
ajeer-251	229	64	index	index	NOUN
ajeer-251	229	65	,	,	PUNCT
ajeer-251	229	66	tli	tli	PROPN
ajeer-251	229	67	stands	stand	VERB
ajeer-251	229	68	for	for	ADP
ajeer-251	229	69	trade	trade	NOUN
ajeer-251	229	70	liberalization	liberalization	NOUN
ajeer-251	229	71	index	index	NOUN
ajeer-251	229	72	,	,	PUNCT
ajeer-251	229	73	k_open	k_open	PROPN
ajeer-251	229	74	stands	stand	VERB
ajeer-251	229	75	for	for	ADP
ajeer-251	229	76	capital	capital	NOUN
ajeer-251	229	77	account	account	NOUN
ajeer-251	229	78	liberalization	liberalization	NOUN
ajeer-251	229	79	index	index	NOUN
ajeer-251	229	80	,	,	PUNCT
ajeer-251	229	81	fo	fo	ADV
ajeer-251	229	82	stands	stand	VERB
ajeer-251	229	83	for	for	ADP
ajeer-251	229	84	financial	financial	ADJ
ajeer-251	229	85	openness	openness	NOUN
ajeer-251	229	86	index	index	NOUN
ajeer-251	229	87	,	,	PUNCT
ajeer-251	229	88	to	to	PART
ajeer-251	229	89	stands	stand	VERB
ajeer-251	229	90	for	for	ADP
ajeer-251	229	91	trade	trade	NOUN
ajeer-251	229	92	openness	openness	NOUN
ajeer-251	229	93	(	(	PUNCT
ajeer-251	229	94	to	to	PART
ajeer-251	229	95	)	)	PUNCT
ajeer-251	229	96	.	.	PUNCT
ajeer-251	230	1	a	a	PRON
ajeer-251	230	2	indicates	indicate	VERB
ajeer-251	230	3	1	1	NUM
ajeer-251	230	4	%	%	NOUN
ajeer-251	230	5	level	level	NOUN
ajeer-251	230	6	of	of	ADP
ajeer-251	230	7	significance	significance	NOUN
ajeer-251	230	8	.	.	PUNCT
ajeer-251	231	1	b	b	NOUN
ajeer-251	231	2	indicates	indicate	VERB
ajeer-251	231	3	5	5	NUM
ajeer-251	231	4	%	%	NOUN
ajeer-251	231	5	level	level	NOUN
ajeer-251	231	6	of	of	ADP
ajeer-251	231	7	significance	significance	NOUN
ajeer-251	231	8	.	.	PUNCT
ajeer-251	232	1	c	c	PROPN
ajeer-251	232	2	indicates	indicate	VERB
ajeer-251	232	3	10	10	NUM
ajeer-251	232	4	%	%	NOUN
ajeer-251	232	5	level	level	NOUN
ajeer-251	232	6	of	of	ADP
ajeer-251	232	7	significance	significance	NOUN
ajeer-251	232	8	.	.	PUNCT
ajeer-251	233	1	table-5.5	table-5.5	PROPN
ajeer-251	233	2	.	.	PUNCT
ajeer-251	233	3	short	short	ADJ
ajeer-251	233	4	run	run	NOUN
ajeer-251	233	5	coefficients	coefficient	NOUN
ajeer-251	233	6	of	of	ADP
ajeer-251	233	7	private	private	ADJ
ajeer-251	233	8	investment	investment	NOUN
ajeer-251	233	9	model	model	NOUN
ajeer-251	233	10	(	(	PUNCT
ajeer-251	233	11	1	1	NUM
ajeer-251	233	12	)	)	PUNCT
ajeer-251	233	13	(	(	PUNCT
ajeer-251	233	14	2	2	NUM
ajeer-251	233	15	)	)	PUNCT
ajeer-251	233	16	(	(	PUNCT
ajeer-251	233	17	3	3	X
ajeer-251	233	18	)	)	PUNCT
ajeer-251	233	19	(	(	PUNCT
ajeer-251	233	20	4	4	NUM
ajeer-251	233	21	)	)	PUNCT
ajeer-251	233	22	(	(	PUNCT
ajeer-251	233	23	5	5	X
ajeer-251	233	24	)	)	PUNCT
ajeer-251	233	25	intercept	intercept	NOUN
ajeer-251	233	26	0.014	0.014	NUM
ajeer-251	233	27	0.743	0.743	NUM
ajeer-251	233	28	de	de	X
ajeer-251	233	29	jure	jure	NOUN
ajeer-251	233	30	-0.021	-0.021	PROPN
ajeer-251	233	31	de	de	X
ajeer-251	233	32	facto	facto	X
ajeer-251	233	33	0.011	0.011	NUM
ajeer-251	233	34	ecm(-1	ecm(-1	PROPN
ajeer-251	233	35	)	)	PUNCT
ajeer-251	233	36	0.547	0.547	NUM
ajeer-251	233	37	0.647	0.647	NUM
ajeer-251	233	38	0.611	0.611	NUM
ajeer-251	233	39	note	note	NOUN
ajeer-251	233	40	:	:	PUNCT
ajeer-251	233	41	ln	ln	ADV
ajeer-251	233	42	shows	show	VERB
ajeer-251	233	43	the	the	DET
ajeer-251	233	44	sign	sign	NOUN
ajeer-251	233	45	of	of	ADP
ajeer-251	233	46	natural	natural	ADJ
ajeer-251	233	47	logarithm	logarithm	NOUN
ajeer-251	233	48	,	,	PUNCT
ajeer-251	233	49	ppi	ppi	PROPN
ajeer-251	233	50	stands	stand	VERB
ajeer-251	233	51	for	for	ADP
ajeer-251	233	52	per	per	ADP
ajeer-251	233	53	capita	capita	X
ajeer-251	233	54	real	real	ADJ
ajeer-251	233	55	private	private	ADJ
ajeer-251	233	56	income	income	NOUN
ajeer-251	233	57	,	,	PUNCT
ajeer-251	233	58	rir	rir	PROPN
ajeer-251	233	59	stands	stand	VERB
ajeer-251	233	60	for	for	ADP
ajeer-251	233	61	real	real	ADJ
ajeer-251	233	62	interest	interest	NOUN
ajeer-251	233	63	rate	rate	NOUN
ajeer-251	233	64	,	,	PUNCT
ajeer-251	233	65	pi	pi	NOUN
ajeer-251	233	66	stands	stand	VERB
ajeer-251	233	67	for	for	ADP
ajeer-251	233	68	real	real	ADJ
ajeer-251	233	69	public	public	ADJ
ajeer-251	233	70	investment	investment	NOUN
ajeer-251	233	71	(	(	PUNCT
ajeer-251	233	72	pi	pi	NOUN
ajeer-251	233	73	)	)	PUNCT
ajeer-251	233	74	,	,	PUNCT
ajeer-251	233	75	fli	fli	NOUN
ajeer-251	233	76	stands	stand	VERB
ajeer-251	233	77	for	for	ADP
ajeer-251	233	78	financial	financial	ADJ
ajeer-251	233	79	liberalization	liberalization	NOUN
ajeer-251	233	80	index	index	NOUN
ajeer-251	233	81	,	,	PUNCT
ajeer-251	233	82	tli	tli	PROPN
ajeer-251	233	83	stands	stand	VERB
ajeer-251	233	84	for	for	ADP
ajeer-251	233	85	trade	trade	NOUN
ajeer-251	233	86	liberalization	liberalization	NOUN
ajeer-251	233	87	index	index	NOUN
ajeer-251	233	88	,	,	PUNCT
ajeer-251	233	89	k	k	PROPN
ajeer-251	233	90	open	open	PROPN
ajeer-251	233	91	stands	stand	VERB
ajeer-251	233	92	for	for	ADP
ajeer-251	233	93	capital	capital	NOUN
ajeer-251	233	94	account	account	NOUN
ajeer-251	233	95	liberalization	liberalization	NOUN
ajeer-251	233	96	index	index	NOUN
ajeer-251	233	97	,	,	PUNCT
ajeer-251	233	98	foi	foi	PROPN
ajeer-251	233	99	stands	stand	VERB
ajeer-251	233	100	for	for	ADP
ajeer-251	233	101	financial	financial	ADJ
ajeer-251	233	102	openness	openness	NOUN
ajeer-251	233	103	index	index	NOUN
ajeer-251	233	104	,	,	PUNCT
ajeer-251	233	105	to	to	PART
ajeer-251	233	106	stands	stand	VERB
ajeer-251	233	107	for	for	ADP
ajeer-251	233	108	trade	trade	NOUN
ajeer-251	233	109	openness	openness	NOUN
ajeer-251	233	110	(	(	PUNCT
ajeer-251	233	111	to	to	PART
ajeer-251	233	112	)	)	PUNCT
ajeer-251	233	113	.	.	PUNCT
ajeer-251	234	1	a	a	PRON
ajeer-251	234	2	indicates	indicate	VERB
ajeer-251	234	3	1	1	NUM
ajeer-251	234	4	%	%	NOUN
ajeer-251	234	5	level	level	NOUN
ajeer-251	234	6	of	of	ADP
ajeer-251	234	7	significance	significance	NOUN
ajeer-251	234	8	.	.	PUNCT
ajeer-251	235	1	b	b	NOUN
ajeer-251	235	2	indicates	indicate	VERB
ajeer-251	235	3	5	5	NUM
ajeer-251	235	4	%	%	NOUN
ajeer-251	235	5	level	level	NOUN
ajeer-251	235	6	of	of	ADP
ajeer-251	235	7	significance	significance	NOUN
ajeer-251	235	8	.	.	PUNCT
ajeer-251	236	1	c	c	PROPN
ajeer-251	236	2	indicates	indicate	VERB
ajeer-251	236	3	10	10	NUM
ajeer-251	236	4	%	%	NOUN
ajeer-251	236	5	level	level	NOUN
ajeer-251	236	6	of	of	ADP
ajeer-251	236	7	significance	significance	NOUN
ajeer-251	236	8	.	.	PUNCT
ajeer-251	237	1	asian	asian	ADJ
ajeer-251	237	2	journal	journal	PROPN
ajeer-251	237	3	of	of	ADP
ajeer-251	237	4	economics	economic	NOUN
ajeer-251	237	5	and	and	CCONJ
ajeer-251	237	6	empirical	empirical	ADJ
ajeer-251	237	7	research	research	NOUN
ajeer-251	237	8	,	,	PUNCT
ajeer-251	237	9	2018	2018	NUM
ajeer-251	237	10	,	,	PUNCT
ajeer-251	237	11	5(2	5(2	NUM
ajeer-251	237	12	):	):	PUNCT
ajeer-251	237	13	112	112	NUM
ajeer-251	237	14	-	-	SYM
ajeer-251	237	15	120	120	NUM
ajeer-251	237	16	119	119	NUM
ajeer-251	237	17	table	table	NOUN
ajeer-251	237	18	5.2	5.2	NUM
ajeer-251	237	19	reports	report	VERB
ajeer-251	237	20	the	the	DET
ajeer-251	237	21	results	result	NOUN
ajeer-251	237	22	of	of	ADP
ajeer-251	237	23	tand	tand	PROPN
ajeer-251	237	24	f	f	NOUN
ajeer-251	237	25	-	-	PUNCT
ajeer-251	237	26	statistics	statistic	NOUN
ajeer-251	237	27	for	for	ADP
ajeer-251	237	28	the	the	DET
ajeer-251	237	29	bounds	bound	NOUN
ajeer-251	237	30	tests.14	tests.14	PROPN
ajeer-251	237	31	in	in	ADP
ajeer-251	237	32	term	term	NOUN
ajeer-251	237	33	of	of	ADP
ajeer-251	237	34	the	the	DET
ajeer-251	237	35	results	result	NOUN
ajeer-251	237	36	,	,	PUNCT
ajeer-251	237	37	the	the	DET
ajeer-251	237	38	null	null	ADJ
ajeer-251	237	39	hypothesis	hypothesis	NOUN
ajeer-251	237	40	of	of	ADP
ajeer-251	237	41	no	no	DET
ajeer-251	237	42	co	co	NOUN
ajeer-251	237	43	-	-	NOUN
ajeer-251	237	44	integration	integration	NOUN
ajeer-251	237	45	for	for	ADP
ajeer-251	237	46	the	the	DET
ajeer-251	237	47	private	private	ADJ
ajeer-251	237	48	investment	investment	NOUN
ajeer-251	237	49	equation	equation	NOUN
ajeer-251	237	50	is	be	AUX
ajeer-251	237	51	rejected	reject	VERB
ajeer-251	237	52	at	at	ADP
ajeer-251	237	53	the	the	DET
ajeer-251	237	54	10	10	NUM
ajeer-251	237	55	%	%	NOUN
ajeer-251	237	56	level	level	NOUN
ajeer-251	237	57	for	for	ADP
ajeer-251	237	58	five	five	NUM
ajeer-251	237	59	models	model	NOUN
ajeer-251	237	60	.	.	PUNCT
ajeer-251	238	1	the	the	DET
ajeer-251	238	2	long	long	ADV
ajeer-251	238	3	-	-	PUNCT
ajeer-251	238	4	run	run	NOUN
ajeer-251	238	5	coefficient	coefficient	NOUN
ajeer-251	238	6	of	of	ADP
ajeer-251	238	7	the	the	DET
ajeer-251	238	8	private	private	ADJ
ajeer-251	238	9	investment	investment	NOUN
ajeer-251	238	10	model	model	NOUN
ajeer-251	238	11	reported	report	VERB
ajeer-251	238	12	in	in	ADP
ajeer-251	238	13	table	table	NOUN
ajeer-251	238	14	5.4	5.4	NUM
ajeer-251	238	15	indicates	indicate	VERB
ajeer-251	238	16	that	that	SCONJ
ajeer-251	238	17	private	private	ADJ
ajeer-251	238	18	investment	investment	NOUN
ajeer-251	238	19	is	be	AUX
ajeer-251	238	20	positively	positively	ADV
ajeer-251	238	21	related	relate	VERB
ajeer-251	238	22	with	with	ADP
ajeer-251	238	23	real	real	ADJ
ajeer-251	238	24	per	per	X
ajeer-251	238	25	capita	capita	X
ajeer-251	238	26	private	private	ADJ
ajeer-251	238	27	income	income	NOUN
ajeer-251	238	28	which	which	PRON
ajeer-251	238	29	is	be	AUX
ajeer-251	238	30	in	in	ADP
ajeer-251	238	31	line	line	NOUN
ajeer-251	238	32	with	with	ADP
ajeer-251	238	33	the	the	DET
ajeer-251	238	34	predictions	prediction	NOUN
ajeer-251	238	35	of	of	ADP
ajeer-251	238	36	the	the	DET
ajeer-251	238	37	neoclassical	neoclassical	ADJ
ajeer-251	238	38	model	model	NOUN
ajeer-251	238	39	.	.	PUNCT
ajeer-251	239	1	a	a	DET
ajeer-251	239	2	1	1	NUM
ajeer-251	239	3	%	%	NOUN
ajeer-251	239	4	increase	increase	NOUN
ajeer-251	239	5	in	in	ADP
ajeer-251	239	6	per	per	ADP
ajeer-251	239	7	capita	capita	X
ajeer-251	239	8	real	real	ADJ
ajeer-251	239	9	private	private	ADJ
ajeer-251	239	10	income	income	NOUN
ajeer-251	239	11	is	be	AUX
ajeer-251	239	12	expected	expect	VERB
ajeer-251	239	13	to	to	PART
ajeer-251	239	14	stimulate	stimulate	VERB
ajeer-251	239	15	private	private	ADJ
ajeer-251	239	16	investment	investment	NOUN
ajeer-251	239	17	by	by	ADP
ajeer-251	239	18	1.088	1.088	NUM
ajeer-251	239	19	to	to	PART
ajeer-251	239	20	2.327	2.327	NUM
ajeer-251	239	21	percent	percent	NOUN
ajeer-251	239	22	.	.	PUNCT
ajeer-251	240	1	the	the	DET
ajeer-251	240	2	finding	finding	NOUN
ajeer-251	240	3	that	that	SCONJ
ajeer-251	240	4	income	income	NOUN
ajeer-251	240	5	/	/	SYM
ajeer-251	240	6	output	output	NOUN
ajeer-251	240	7	is	be	AUX
ajeer-251	240	8	an	an	DET
ajeer-251	240	9	important	important	ADJ
ajeer-251	240	10	determinant	determinant	NOUN
ajeer-251	240	11	of	of	ADP
ajeer-251	240	12	private	private	ADJ
ajeer-251	240	13	investment	investment	NOUN
ajeer-251	240	14	is	be	AUX
ajeer-251	240	15	consistent	consistent	ADJ
ajeer-251	240	16	with	with	ADP
ajeer-251	240	17	sakr	sakr	NOUN
ajeer-251	240	18	(	(	PUNCT
ajeer-251	240	19	1993	1993	NUM
ajeer-251	240	20	)	)	PUNCT
ajeer-251	240	21	;	;	PUNCT
ajeer-251	240	22	shrestha	shrestha	PROPN
ajeer-251	240	23	and	and	CCONJ
ajeer-251	240	24	chowdhury	chowdhury	PROPN
ajeer-251	240	25	(	(	PUNCT
ajeer-251	240	26	2007	2007	NUM
ajeer-251	240	27	)	)	PUNCT
ajeer-251	240	28	and	and	CCONJ
ajeer-251	240	29	ang	ang	INTJ
ajeer-251	240	30	(	(	PUNCT
ajeer-251	240	31	2009	2009	NUM
ajeer-251	240	32	)	)	PUNCT
ajeer-251	240	33	.	.	PUNCT
ajeer-251	241	1	the	the	DET
ajeer-251	241	2	elasticity	elasticity	NOUN
ajeer-251	241	3	of	of	ADP
ajeer-251	241	4	real	real	ADJ
ajeer-251	241	5	interest	interest	NOUN
ajeer-251	241	6	rate	rate	NOUN
ajeer-251	241	7	with	with	ADP
ajeer-251	241	8	respect	respect	NOUN
ajeer-251	241	9	to	to	ADP
ajeer-251	241	10	private	private	ADJ
ajeer-251	241	11	investment	investment	NOUN
ajeer-251	241	12	is	be	AUX
ajeer-251	241	13	-0.010	-0.010	PUNCT
ajeer-251	241	14	to	to	ADP
ajeer-251	241	15	0.019	0.019	NUM
ajeer-251	241	16	statistically	statistically	ADV
ajeer-251	241	17	significant	significant	ADJ
ajeer-251	241	18	suggesting	suggesting	NOUN
ajeer-251	241	19	little	little	ADJ
ajeer-251	241	20	if	if	SCONJ
ajeer-251	241	21	any	any	PRON
ajeer-251	241	22	,	,	PUNCT
ajeer-251	241	23	evidence	evidence	NOUN
ajeer-251	241	24	to	to	PART
ajeer-251	241	25	support	support	VERB
ajeer-251	241	26	real	real	ADJ
ajeer-251	241	27	interest	interest	NOUN
ajeer-251	241	28	rate	rate	NOUN
ajeer-251	241	29	(	(	PUNCT
ajeer-251	241	30	user	user	NOUN
ajeer-251	241	31	cost	cost	NOUN
ajeer-251	241	32	of	of	ADP
ajeer-251	241	33	capital	capital	NOUN
ajeer-251	241	34	)	)	PUNCT
ajeer-251	241	35	as	as	ADP
ajeer-251	241	36	a	a	DET
ajeer-251	241	37	useful	useful	ADJ
ajeer-251	241	38	determinant	determinant	NOUN
ajeer-251	241	39	of	of	ADP
ajeer-251	241	40	private	private	ADJ
ajeer-251	241	41	investment	investment	NOUN
ajeer-251	241	42	in	in	ADP
ajeer-251	241	43	pakistan	pakistan	PROPN
ajeer-251	241	44	.	.	PUNCT
ajeer-251	242	1	the	the	DET
ajeer-251	242	2	public	public	ADJ
ajeer-251	242	3	investment	investment	NOUN
ajeer-251	242	4	is	be	AUX
ajeer-251	242	5	positively	positively	ADV
ajeer-251	242	6	related	relate	VERB
ajeer-251	242	7	with	with	ADP
ajeer-251	242	8	the	the	DET
ajeer-251	242	9	private	private	ADJ
ajeer-251	242	10	investment	investment	NOUN
ajeer-251	242	11	which	which	PRON
ajeer-251	242	12	indicates	indicate	VERB
ajeer-251	242	13	a	a	DET
ajeer-251	242	14	rise	rise	NOUN
ajeer-251	242	15	in	in	ADP
ajeer-251	242	16	government	government	NOUN
ajeer-251	242	17	investment	investment	NOUN
ajeer-251	242	18	is	be	AUX
ajeer-251	242	19	associated	associate	VERB
ajeer-251	242	20	with	with	ADP
ajeer-251	242	21	an	an	DET
ajeer-251	242	22	increase	increase	NOUN
ajeer-251	242	23	in	in	ADP
ajeer-251	242	24	private	private	ADJ
ajeer-251	242	25	sector	sector	NOUN
ajeer-251	242	26	investment	investment	NOUN
ajeer-251	242	27	.	.	PUNCT
ajeer-251	243	1	thus	thus	ADV
ajeer-251	243	2	,	,	PUNCT
ajeer-251	243	3	the	the	DET
ajeer-251	243	4	current	current	ADJ
ajeer-251	243	5	effort	effort	NOUN
ajeer-251	243	6	made	make	VERB
ajeer-251	243	7	by	by	ADP
ajeer-251	243	8	the	the	DET
ajeer-251	243	9	pakistan	pakistan	PROPN
ajeer-251	243	10	government	government	NOUN
ajeer-251	243	11	to	to	PART
ajeer-251	243	12	spend	spend	VERB
ajeer-251	243	13	on	on	ADP
ajeer-251	243	14	infrastructure	infrastructure	NOUN
ajeer-251	243	15	development	development	NOUN
ajeer-251	243	16	may	may	AUX
ajeer-251	243	17	stimulate	stimulate	VERB
ajeer-251	243	18	,	,	PUNCT
ajeer-251	243	19	rather	rather	ADV
ajeer-251	243	20	than	than	ADP
ajeer-251	243	21	crowd	crowd	VERB
ajeer-251	243	22	out	out	ADP
ajeer-251	243	23	private	private	ADJ
ajeer-251	243	24	capital	capital	NOUN
ajeer-251	243	25	formation	formation	NOUN
ajeer-251	243	26	.	.	PUNCT
ajeer-251	244	1	the	the	DET
ajeer-251	244	2	coefficient	coefficient	NOUN
ajeer-251	244	3	of	of	ADP
ajeer-251	244	4	financial	financial	ADJ
ajeer-251	244	5	liberalization	liberalization	NOUN
ajeer-251	244	6	index	index	NOUN
ajeer-251	244	7	is	be	AUX
ajeer-251	244	8	positively	positively	ADV
ajeer-251	244	9	related	relate	VERB
ajeer-251	244	10	with	with	ADP
ajeer-251	244	11	private	private	ADJ
ajeer-251	244	12	investment	investment	NOUN
ajeer-251	244	13	,	,	PUNCT
ajeer-251	244	14	indicating	indicate	VERB
ajeer-251	244	15	that	that	SCONJ
ajeer-251	244	16	internal	internal	ADJ
ajeer-251	244	17	financial	financial	ADJ
ajeer-251	244	18	reforms	reform	NOUN
ajeer-251	244	19	(	(	PUNCT
ajeer-251	244	20	e.g.	e.g.	ADV
ajeer-251	244	21	,	,	PUNCT
ajeer-251	244	22	banking	banking	NOUN
ajeer-251	244	23	and	and	CCONJ
ajeer-251	244	24	stock	stock	NOUN
ajeer-251	244	25	market	market	NOUN
ajeer-251	244	26	)	)	PUNCT
ajeer-251	244	27	stimulate	stimulate	VERB
ajeer-251	244	28	private	private	ADJ
ajeer-251	244	29	investment	investment	NOUN
ajeer-251	244	30	in	in	ADP
ajeer-251	244	31	pakistan	pakistan	PROPN
ajeer-251	244	32	.	.	PUNCT
ajeer-251	245	1	a	a	DET
ajeer-251	245	2	1	1	NUM
ajeer-251	245	3	%	%	NOUN
ajeer-251	245	4	increase	increase	NOUN
ajeer-251	245	5	in	in	ADP
ajeer-251	245	6	lnfli	lnfli	ADJ
ajeer-251	245	7	increases	increase	NOUN
ajeer-251	245	8	private	private	ADJ
ajeer-251	245	9	investment	investment	NOUN
ajeer-251	245	10	by	by	ADP
ajeer-251	245	11	0.0855	0.0855	NUM
ajeer-251	245	12	%	%	NOUN
ajeer-251	245	13	.	.	PUNCT
ajeer-251	246	1	the	the	DET
ajeer-251	246	2	expansion	expansion	NOUN
ajeer-251	246	3	of	of	ADP
ajeer-251	246	4	banking	banking	NOUN
ajeer-251	246	5	service	service	NOUN
ajeer-251	246	6	such	such	ADJ
ajeer-251	246	7	as	as	ADP
ajeer-251	246	8	new	new	ADJ
ajeer-251	246	9	banks	bank	NOUN
ajeer-251	246	10	and	and	CCONJ
ajeer-251	246	11	more	more	ADJ
ajeer-251	246	12	branches	branch	NOUN
ajeer-251	246	13	which	which	PRON
ajeer-251	246	14	improve	improve	VERB
ajeer-251	246	15	access	access	NOUN
ajeer-251	246	16	to	to	ADP
ajeer-251	246	17	banking	banking	NOUN
ajeer-251	246	18	services	service	NOUN
ajeer-251	246	19	and	and	CCONJ
ajeer-251	246	20	lowers	lower	VERB
ajeer-251	246	21	the	the	DET
ajeer-251	246	22	banking	banking	NOUN
ajeer-251	246	23	transaction	transaction	NOUN
ajeer-251	246	24	cost	cost	NOUN
ajeer-251	246	25	.	.	PUNCT
ajeer-251	247	1	this	this	PRON
ajeer-251	247	2	happens	happen	VERB
ajeer-251	247	3	due	due	ADJ
ajeer-251	247	4	to	to	ADP
ajeer-251	247	5	increased	increase	VERB
ajeer-251	247	6	competition	competition	NOUN
ajeer-251	247	7	and	and	CCONJ
ajeer-251	247	8	willingness	willingness	NOUN
ajeer-251	247	9	of	of	ADP
ajeer-251	247	10	individuals	individual	NOUN
ajeer-251	247	11	to	to	PART
ajeer-251	247	12	save	save	VERB
ajeer-251	247	13	,	,	PUNCT
ajeer-251	247	14	and	and	CCONJ
ajeer-251	247	15	thus	thus	ADV
ajeer-251	247	16	make	make	VERB
ajeer-251	247	17	more	more	ADJ
ajeer-251	247	18	fund	fund	NOUN
ajeer-251	247	19	available	available	ADJ
ajeer-251	247	20	for	for	ADP
ajeer-251	247	21	investment	investment	NOUN
ajeer-251	247	22	.	.	PUNCT
ajeer-251	248	1	as	as	ADP
ajeer-251	248	2	for	for	ADP
ajeer-251	248	3	external	external	ADJ
ajeer-251	248	4	financial	financial	ADJ
ajeer-251	248	5	liberalization	liberalization	NOUN
ajeer-251	248	6	,	,	PUNCT
ajeer-251	248	7	the	the	DET
ajeer-251	248	8	estimates	estimate	NOUN
ajeer-251	248	9	of	of	ADP
ajeer-251	248	10	the	the	DET
ajeer-251	248	11	effect	effect	NOUN
ajeer-251	248	12	of	of	ADP
ajeer-251	248	13	capital	capital	NOUN
ajeer-251	248	14	account	account	NOUN
ajeer-251	248	15	liberalization	liberalization	NOUN
ajeer-251	248	16	and	and	CCONJ
ajeer-251	248	17	financial	financial	ADJ
ajeer-251	248	18	openness	openness	NOUN
ajeer-251	248	19	on	on	ADP
ajeer-251	248	20	private	private	ADJ
ajeer-251	248	21	investment	investment	NOUN
ajeer-251	248	22	in	in	ADP
ajeer-251	248	23	pakistan	pakistan	PROPN
ajeer-251	248	24	the	the	DET
ajeer-251	248	25	coefficients	coefficient	NOUN
ajeer-251	248	26	are	be	AUX
ajeer-251	248	27	statistically	statistically	ADV
ajeer-251	248	28	insignificant	insignificant	ADJ
ajeer-251	248	29	.	.	PUNCT
ajeer-251	249	1	it	it	PRON
ajeer-251	249	2	is	be	AUX
ajeer-251	249	3	plausible	plausible	ADJ
ajeer-251	249	4	that	that	SCONJ
ajeer-251	249	5	external	external	ADJ
ajeer-251	249	6	financial	financial	ADJ
ajeer-251	249	7	liberalization	liberalization	NOUN
ajeer-251	249	8	is	be	AUX
ajeer-251	249	9	less	less	ADV
ajeer-251	249	10	effective	effective	ADJ
ajeer-251	249	11	in	in	ADP
ajeer-251	249	12	boosting	boost	VERB
ajeer-251	249	13	private	private	ADJ
ajeer-251	249	14	investment	investment	NOUN
ajeer-251	249	15	because	because	SCONJ
ajeer-251	249	16	of	of	ADP
ajeer-251	249	17	the	the	DET
ajeer-251	249	18	less	less	ADJ
ajeer-251	249	19	capital	capital	NOUN
ajeer-251	249	20	inflow	inflow	NOUN
ajeer-251	249	21	.	.	PUNCT
ajeer-251	250	1	we	we	PRON
ajeer-251	250	2	find	find	VERB
ajeer-251	250	3	that	that	SCONJ
ajeer-251	250	4	trade	trade	NOUN
ajeer-251	250	5	liberalization	liberalization	NOUN
ajeer-251	250	6	is	be	AUX
ajeer-251	250	7	statistically	statistically	ADV
ajeer-251	250	8	insignificant	insignificant	ADJ
ajeer-251	250	9	.	.	PUNCT
ajeer-251	251	1	the	the	DET
ajeer-251	251	2	trade	trade	NOUN
ajeer-251	251	3	openness	openness	NOUN
ajeer-251	251	4	is	be	AUX
ajeer-251	251	5	negatively	negatively	ADV
ajeer-251	251	6	related	relate	VERB
ajeer-251	251	7	to	to	ADP
ajeer-251	251	8	private	private	ADJ
ajeer-251	251	9	investment	investment	NOUN
ajeer-251	251	10	.	.	PUNCT
ajeer-251	252	1	a	a	DET
ajeer-251	252	2	1	1	NUM
ajeer-251	252	3	%	%	NOUN
ajeer-251	252	4	increase	increase	NOUN
ajeer-251	252	5	in	in	ADP
ajeer-251	252	6	trade	trade	NOUN
ajeer-251	252	7	openness	openness	NOUN
ajeer-251	252	8	reduces	reduce	VERB
ajeer-251	252	9	private	private	ADJ
ajeer-251	252	10	investment	investment	NOUN
ajeer-251	252	11	by	by	ADP
ajeer-251	252	12	3.162	3.162	NUM
ajeer-251	252	13	%	%	NOUN
ajeer-251	252	14	.	.	PUNCT
ajeer-251	253	1	in	in	ADP
ajeer-251	253	2	terms	term	NOUN
ajeer-251	253	3	of	of	ADP
ajeer-251	253	4	the	the	DET
ajeer-251	253	5	theory	theory	NOUN
ajeer-251	253	6	of	of	ADP
ajeer-251	253	7	trade	trade	NOUN
ajeer-251	253	8	liberalization	liberalization	NOUN
ajeer-251	253	9	,	,	PUNCT
ajeer-251	253	10	the	the	DET
ajeer-251	253	11	effect	effect	NOUN
ajeer-251	253	12	on	on	ADP
ajeer-251	253	13	private	private	ADJ
ajeer-251	253	14	investment	investment	NOUN
ajeer-251	253	15	through	through	ADP
ajeer-251	253	16	higher	high	ADJ
ajeer-251	253	17	efficiency	efficiency	NOUN
ajeer-251	253	18	in	in	ADP
ajeer-251	253	19	resource	resource	NOUN
ajeer-251	253	20	allocation	allocation	NOUN
ajeer-251	253	21	may	may	AUX
ajeer-251	253	22	not	not	PART
ajeer-251	253	23	be	be	AUX
ajeer-251	253	24	achieved	achieve	VERB
ajeer-251	253	25	due	due	ADJ
ajeer-251	253	26	to	to	ADP
ajeer-251	253	27	poor	poor	ADJ
ajeer-251	253	28	management	management	NOUN
ajeer-251	253	29	.	.	PUNCT
ajeer-251	254	1	pakistan	pakistan	PROPN
ajeer-251	254	2	still	still	ADV
ajeer-251	254	3	is	be	AUX
ajeer-251	254	4	an	an	DET
ajeer-251	254	5	exporter	exporter	NOUN
ajeer-251	254	6	of	of	ADP
ajeer-251	254	7	raw	raw	ADJ
ajeer-251	254	8	material	material	NOUN
ajeer-251	254	9	due	due	ADP
ajeer-251	254	10	to	to	ADP
ajeer-251	254	11	low	low	ADJ
ajeer-251	254	12	investment	investment	NOUN
ajeer-251	254	13	and	and	CCONJ
ajeer-251	254	14	income	income	NOUN
ajeer-251	254	15	in	in	ADP
ajeer-251	254	16	the	the	DET
ajeer-251	254	17	export	export	NOUN
ajeer-251	254	18	sector	sector	NOUN
ajeer-251	254	19	.	.	PUNCT
ajeer-251	255	1	the	the	DET
ajeer-251	255	2	short	short	ADJ
ajeer-251	255	3	run	run	NOUN
ajeer-251	255	4	coefficients	coefficient	NOUN
ajeer-251	255	5	presented	present	VERB
ajeer-251	255	6	in	in	ADP
ajeer-251	255	7	table	table	NOUN
ajeer-251	255	8	5.5	5.5	NUM
ajeer-251	255	9	show	show	NOUN
ajeer-251	255	10	that	that	SCONJ
ajeer-251	255	11	the	the	DET
ajeer-251	255	12	coefficient	coefficient	NOUN
ajeer-251	255	13	of	of	ADP
ajeer-251	255	14	real	real	ADJ
ajeer-251	255	15	per	per	ADP
ajeer-251	255	16	capital	capital	NOUN
ajeer-251	255	17	private	private	ADJ
ajeer-251	255	18	income	income	NOUN
ajeer-251	255	19	is	be	AUX
ajeer-251	255	20	positive	positive	ADJ
ajeer-251	255	21	and	and	CCONJ
ajeer-251	255	22	the	the	DET
ajeer-251	255	23	real	real	ADJ
ajeer-251	255	24	interest	interest	NOUN
ajeer-251	255	25	rate	rate	NOUN
ajeer-251	255	26	is	be	AUX
ajeer-251	255	27	negatively	negatively	ADV
ajeer-251	255	28	associated	associate	VERB
ajeer-251	255	29	with	with	ADP
ajeer-251	255	30	private	private	ADJ
ajeer-251	255	31	investment	investment	NOUN
ajeer-251	255	32	.	.	PUNCT
ajeer-251	256	1	in	in	ADP
ajeer-251	256	2	addition	addition	NOUN
ajeer-251	256	3	,	,	PUNCT
ajeer-251	256	4	public	public	ADJ
ajeer-251	256	5	investment	investment	NOUN
ajeer-251	256	6	is	be	AUX
ajeer-251	256	7	positively	positively	ADV
ajeer-251	256	8	related	relate	VERB
ajeer-251	256	9	with	with	ADP
ajeer-251	256	10	the	the	DET
ajeer-251	256	11	private	private	ADJ
ajeer-251	256	12	investment	investment	NOUN
ajeer-251	256	13	.	.	PUNCT
ajeer-251	257	1	financial	financial	ADJ
ajeer-251	257	2	liberalization	liberalization	NOUN
ajeer-251	257	3	index	index	NOUN
ajeer-251	257	4	is	be	AUX
ajeer-251	257	5	found	find	VERB
ajeer-251	257	6	to	to	PART
ajeer-251	257	7	play	play	VERB
ajeer-251	257	8	a	a	DET
ajeer-251	257	9	positive	positive	ADJ
ajeer-251	257	10	role	role	NOUN
ajeer-251	257	11	in	in	ADP
ajeer-251	257	12	stimulating	stimulate	VERB
ajeer-251	257	13	private	private	ADJ
ajeer-251	257	14	investment	investment	NOUN
ajeer-251	257	15	in	in	ADP
ajeer-251	257	16	the	the	DET
ajeer-251	257	17	shortas	shorta	NOUN
ajeer-251	257	18	well	well	ADV
ajeer-251	257	19	as	as	ADP
ajeer-251	257	20	the	the	DET
ajeer-251	257	21	long	long	ADJ
ajeer-251	257	22	run	run	NOUN
ajeer-251	257	23	.	.	PUNCT
ajeer-251	258	1	based	base	VERB
ajeer-251	258	2	on	on	ADP
ajeer-251	258	3	the	the	DET
ajeer-251	258	4	results	result	NOUN
ajeer-251	258	5	,	,	PUNCT
ajeer-251	258	6	it	it	PRON
ajeer-251	258	7	appears	appear	VERB
ajeer-251	258	8	that	that	SCONJ
ajeer-251	258	9	internal	internal	ADJ
ajeer-251	258	10	financial	financial	ADJ
ajeer-251	258	11	liberalization	liberalization	NOUN
ajeer-251	258	12	can	can	AUX
ajeer-251	258	13	help	help	VERB
ajeer-251	258	14	to	to	PART
ajeer-251	258	15	promote	promote	VERB
ajeer-251	258	16	private	private	ADJ
ajeer-251	258	17	investment	investment	NOUN
ajeer-251	258	18	in	in	ADP
ajeer-251	258	19	pakistan	pakistan	PROPN
ajeer-251	258	20	.	.	PUNCT
ajeer-251	259	1	trade	trade	NOUN
ajeer-251	259	2	liberalization	liberalization	NOUN
ajeer-251	259	3	and	and	CCONJ
ajeer-251	259	4	trade	trade	NOUN
ajeer-251	259	5	openness	openness	NOUN
ajeer-251	259	6	are	be	AUX
ajeer-251	259	7	statistically	statistically	ADV
ajeer-251	259	8	insignificant	insignificant	ADJ
ajeer-251	259	9	in	in	ADP
ajeer-251	259	10	the	the	DET
ajeer-251	259	11	short	short	ADJ
ajeer-251	259	12	run	run	NOUN
ajeer-251	259	13	.	.	PUNCT
ajeer-251	260	1	interestingly	interestingly	ADV
ajeer-251	260	2	,	,	PUNCT
ajeer-251	260	3	the	the	DET
ajeer-251	260	4	capital	capital	NOUN
ajeer-251	260	5	account	account	NOUN
ajeer-251	260	6	liberalization	liberalization	NOUN
ajeer-251	260	7	and	and	CCONJ
ajeer-251	260	8	financial	financial	ADJ
ajeer-251	260	9	openness	openness	NOUN
ajeer-251	260	10	are	be	AUX
ajeer-251	260	11	positively	positively	ADV
ajeer-251	260	12	related	relate	VERB
ajeer-251	260	13	to	to	ADP
ajeer-251	260	14	the	the	DET
ajeer-251	260	15	private	private	ADJ
ajeer-251	260	16	investment	investment	NOUN
ajeer-251	260	17	of	of	ADP
ajeer-251	260	18	pakistan	pakistan	PROPN
ajeer-251	260	19	.	.	PUNCT
ajeer-251	261	1	the	the	DET
ajeer-251	261	2	better	well	ADV
ajeer-251	261	3	-	-	PUNCT
ajeer-251	261	4	managed	manage	VERB
ajeer-251	261	5	capital	capital	NOUN
ajeer-251	261	6	account	account	NOUN
ajeer-251	261	7	attracts	attract	VERB
ajeer-251	261	8	foreign	foreign	ADJ
ajeer-251	261	9	direct	direct	ADJ
ajeer-251	261	10	investment	investment	NOUN
ajeer-251	261	11	due	due	ADP
ajeer-251	261	12	to	to	ADP
ajeer-251	261	13	the	the	DET
ajeer-251	261	14	positive	positive	ADJ
ajeer-251	261	15	impact	impact	NOUN
ajeer-251	261	16	of	of	ADP
ajeer-251	261	17	external	external	ADJ
ajeer-251	261	18	financial	financial	ADJ
ajeer-251	261	19	liberalization	liberalization	NOUN
ajeer-251	261	20	.	.	PUNCT
ajeer-251	262	1	the	the	DET
ajeer-251	262	2	error	error	NOUN
ajeer-251	262	3	correction	correction	NOUN
ajeer-251	262	4	term	term	NOUN
ajeer-251	262	5	is	be	AUX
ajeer-251	262	6	negative	negative	ADJ
ajeer-251	262	7	and	and	CCONJ
ajeer-251	262	8	significant	significant	ADJ
ajeer-251	262	9	.	.	PUNCT
ajeer-251	263	1	it	it	PRON
ajeer-251	263	2	shows	show	VERB
ajeer-251	263	3	the	the	DET
ajeer-251	263	4	speed	speed	NOUN
ajeer-251	263	5	of	of	ADP
ajeer-251	263	6	adjustment	adjustment	NOUN
ajeer-251	263	7	from	from	ADP
ajeer-251	263	8	short	short	ADJ
ajeer-251	263	9	-	-	PUNCT
ajeer-251	263	10	run	run	NOUN
ajeer-251	263	11	disequilibrium	disequilibrium	NOUN
ajeer-251	263	12	to	to	ADP
ajeer-251	263	13	long	long	ADV
ajeer-251	263	14	-	-	PUNCT
ajeer-251	263	15	run	run	VERB
ajeer-251	263	16	equilibrium	equilibrium	NOUN
ajeer-251	263	17	.	.	PUNCT
ajeer-251	264	1	the	the	DET
ajeer-251	264	2	results	result	NOUN
ajeer-251	264	3	indicate	indicate	VERB
ajeer-251	264	4	that	that	SCONJ
ajeer-251	264	5	adjustment	adjustment	NOUN
ajeer-251	264	6	takes	take	VERB
ajeer-251	264	7	place	place	NOUN
ajeer-251	264	8	at	at	ADP
ajeer-251	264	9	a	a	DET
ajeer-251	264	10	speed	speed	NOUN
ajeer-251	264	11	of	of	ADP
ajeer-251	264	12	33.9	33.9	NUM
ajeer-251	264	13	to	to	PART
ajeer-251	264	14	91.5	91.5	NUM
ajeer-251	264	15	percent	percent	NOUN
ajeer-251	264	16	per	per	ADP
ajeer-251	264	17	year	year	NOUN
ajeer-251	264	18	.	.	PUNCT
ajeer-251	265	1	6	6	X
ajeer-251	265	2	.	.	X
ajeer-251	265	3	conclusion	conclusion	NOUN
ajeer-251	265	4	this	this	DET
ajeer-251	265	5	study	study	NOUN
ajeer-251	265	6	empirically	empirically	ADV
ajeer-251	265	7	examines	examine	VERB
ajeer-251	265	8	the	the	DET
ajeer-251	265	9	impact	impact	NOUN
ajeer-251	265	10	of	of	ADP
ajeer-251	265	11	financial	financial	ADJ
ajeer-251	265	12	and	and	CCONJ
ajeer-251	265	13	trade	trade	NOUN
ajeer-251	265	14	liberalization	liberalization	NOUN
ajeer-251	265	15	on	on	ADP
ajeer-251	265	16	private	private	ADJ
ajeer-251	265	17	investment	investment	NOUN
ajeer-251	265	18	in	in	ADP
ajeer-251	265	19	pakistan	pakistan	PROPN
ajeer-251	265	20	by	by	ADP
ajeer-251	265	21	employing	employ	VERB
ajeer-251	265	22	the	the	DET
ajeer-251	265	23	data	datum	NOUN
ajeer-251	265	24	from	from	ADP
ajeer-251	265	25	1971to	1971to	PROPN
ajeer-251	265	26	2014	2014	NUM
ajeer-251	265	27	.	.	PUNCT
ajeer-251	266	1	the	the	DET
ajeer-251	266	2	ardl	ardl	NOUN
ajeer-251	266	3	results	result	NOUN
ajeer-251	266	4	indicate	indicate	VERB
ajeer-251	266	5	that	that	SCONJ
ajeer-251	266	6	the	the	DET
ajeer-251	266	7	cointegration	cointegration	NOUN
ajeer-251	266	8	exists	exist	VERB
ajeer-251	266	9	among	among	ADP
ajeer-251	266	10	variables	variable	NOUN
ajeer-251	266	11	and	and	CCONJ
ajeer-251	266	12	suggest	suggest	VERB
ajeer-251	266	13	that	that	SCONJ
ajeer-251	266	14	per	per	ADP
ajeer-251	266	15	capita	capita	X
ajeer-251	266	16	real	real	ADJ
ajeer-251	266	17	private	private	ADJ
ajeer-251	266	18	income	income	NOUN
ajeer-251	266	19	,	,	PUNCT
ajeer-251	266	20	public	public	ADJ
ajeer-251	266	21	investment	investment	NOUN
ajeer-251	266	22	,	,	PUNCT
ajeer-251	266	23	and	and	CCONJ
ajeer-251	266	24	financial	financial	ADJ
ajeer-251	266	25	liberalization	liberalization	NOUN
ajeer-251	266	26	are	be	AUX
ajeer-251	266	27	positively	positively	ADV
ajeer-251	266	28	related	relate	VERB
ajeer-251	266	29	to	to	ADP
ajeer-251	266	30	private	private	ADJ
ajeer-251	266	31	investment	investment	NOUN
ajeer-251	266	32	in	in	ADP
ajeer-251	266	33	the	the	DET
ajeer-251	266	34	long	long	ADJ
ajeer-251	266	35	run	run	NOUN
ajeer-251	266	36	.	.	PUNCT
ajeer-251	267	1	these	these	DET
ajeer-251	267	2	findings	finding	NOUN
ajeer-251	267	3	are	be	AUX
ajeer-251	267	4	as	as	SCONJ
ajeer-251	267	5	per	per	ADP
ajeer-251	267	6	our	our	PRON
ajeer-251	267	7	expectation	expectation	NOUN
ajeer-251	267	8	as	as	ADP
ajeer-251	267	9	a	a	DET
ajeer-251	267	10	percentage	percentage	NOUN
ajeer-251	267	11	of	of	ADP
ajeer-251	267	12	increase	increase	NOUN
ajeer-251	267	13	in	in	ADP
ajeer-251	267	14	per	per	ADP
ajeer-251	267	15	capita	capita	X
ajeer-251	267	16	private	private	ADJ
ajeer-251	267	17	income	income	NOUN
ajeer-251	267	18	is	be	AUX
ajeer-251	267	19	likely	likely	ADJ
ajeer-251	267	20	to	to	PART
ajeer-251	267	21	be	be	AUX
ajeer-251	267	22	invested	invest	VERB
ajeer-251	267	23	.	.	PUNCT
ajeer-251	268	1	moreover	moreover	ADV
ajeer-251	268	2	,	,	PUNCT
ajeer-251	268	3	public	public	ADJ
ajeer-251	268	4	investment	investment	NOUN
ajeer-251	268	5	in	in	ADP
ajeer-251	268	6	power	power	NOUN
ajeer-251	268	7	,	,	PUNCT
ajeer-251	268	8	water	water	NOUN
ajeer-251	268	9	,	,	PUNCT
ajeer-251	268	10	roads	road	NOUN
ajeer-251	268	11	,	,	PUNCT
ajeer-251	268	12	etc	etc	X
ajeer-251	268	13	.	.	X
ajeer-251	268	14	through	through	ADP
ajeer-251	268	15	making	make	VERB
ajeer-251	268	16	the	the	DET
ajeer-251	268	17	infrastructure	infrastructure	NOUN
ajeer-251	268	18	available	available	ADJ
ajeer-251	268	19	give	give	VERB
ajeer-251	268	20	impetus	impetus	NOUN
ajeer-251	268	21	to	to	ADP
ajeer-251	268	22	private	private	ADJ
ajeer-251	268	23	investments	investment	NOUN
ajeer-251	268	24	.	.	PUNCT
ajeer-251	269	1	similarly	similarly	ADV
ajeer-251	269	2	,	,	PUNCT
ajeer-251	269	3	financial	financial	ADJ
ajeer-251	269	4	liberalization	liberalization	NOUN
ajeer-251	269	5	i.e.	i.e.	X
ajeer-251	269	6	liberalization	liberalization	NOUN
ajeer-251	269	7	of	of	ADP
ajeer-251	269	8	the	the	DET
ajeer-251	269	9	banking	banking	NOUN
ajeer-251	269	10	sector	sector	NOUN
ajeer-251	269	11	and	and	CCONJ
ajeer-251	269	12	stock	stock	NOUN
ajeer-251	269	13	market	market	NOUN
ajeer-251	269	14	increase	increase	NOUN
ajeer-251	269	15	investments	investment	NOUN
ajeer-251	269	16	by	by	ADP
ajeer-251	269	17	making	make	VERB
ajeer-251	269	18	investment	investment	NOUN
ajeer-251	269	19	opportunities	opportunity	NOUN
ajeer-251	269	20	available	available	ADJ
ajeer-251	269	21	to	to	ADP
ajeer-251	269	22	investors	investor	NOUN
ajeer-251	269	23	.	.	PUNCT
ajeer-251	270	1	the	the	DET
ajeer-251	270	2	real	real	ADJ
ajeer-251	270	3	interest	interest	NOUN
ajeer-251	270	4	rate	rate	NOUN
ajeer-251	270	5	and	and	CCONJ
ajeer-251	270	6	trade	trade	NOUN
ajeer-251	270	7	openness	openness	NOUN
ajeer-251	270	8	are	be	AUX
ajeer-251	270	9	negatively	negatively	ADV
ajeer-251	270	10	related	relate	VERB
ajeer-251	270	11	to	to	ADP
ajeer-251	270	12	private	private	ADJ
ajeer-251	270	13	investment	investment	NOUN
ajeer-251	270	14	in	in	ADP
ajeer-251	270	15	the	the	DET
ajeer-251	270	16	long	long	ADJ
ajeer-251	270	17	run	run	NOUN
ajeer-251	270	18	.	.	PUNCT
ajeer-251	271	1	the	the	DET
ajeer-251	271	2	positive	positive	ADJ
ajeer-251	271	3	impact	impact	NOUN
ajeer-251	271	4	of	of	ADP
ajeer-251	271	5	trade	trade	NOUN
ajeer-251	271	6	liberalization	liberalization	NOUN
ajeer-251	271	7	on	on	ADP
ajeer-251	271	8	private	private	ADJ
ajeer-251	271	9	investment	investment	NOUN
ajeer-251	271	10	emanating	emanate	VERB
ajeer-251	271	11	from	from	ADP
ajeer-251	271	12	higher	high	ADJ
ajeer-251	271	13	efficiency	efficiency	NOUN
ajeer-251	271	14	in	in	ADP
ajeer-251	271	15	resource	resource	NOUN
ajeer-251	271	16	allocation	allocation	NOUN
ajeer-251	271	17	might	might	AUX
ajeer-251	271	18	not	not	PART
ajeer-251	271	19	have	have	AUX
ajeer-251	271	20	been	be	AUX
ajeer-251	271	21	achieved	achieve	VERB
ajeer-251	271	22	due	due	ADJ
ajeer-251	271	23	to	to	ADP
ajeer-251	271	24	poor	poor	ADJ
ajeer-251	271	25	management	management	NOUN
ajeer-251	271	26	.	.	PUNCT
ajeer-251	272	1	pakistan	pakistan	PROPN
ajeer-251	272	2	's	's	PART
ajeer-251	272	3	exports	export	NOUN
ajeer-251	272	4	still	still	ADV
ajeer-251	272	5	comprise	comprise	VERB
ajeer-251	272	6	of	of	ADP
ajeer-251	272	7	large	large	ADJ
ajeer-251	272	8	quantities	quantity	NOUN
ajeer-251	272	9	of	of	ADP
ajeer-251	272	10	primary	primary	ADJ
ajeer-251	272	11	goods	good	NOUN
ajeer-251	272	12	and	and	CCONJ
ajeer-251	272	13	raw	raw	ADJ
ajeer-251	272	14	material	material	NOUN
ajeer-251	272	15	which	which	PRON
ajeer-251	272	16	explains	explain	VERB
ajeer-251	272	17	the	the	DET
ajeer-251	272	18	low	low	ADJ
ajeer-251	272	19	investment	investment	NOUN
ajeer-251	272	20	and	and	CCONJ
ajeer-251	272	21	income	income	NOUN
ajeer-251	272	22	levels	level	NOUN
ajeer-251	272	23	in	in	ADP
ajeer-251	272	24	the	the	DET
ajeer-251	272	25	export	export	NOUN
ajeer-251	272	26	sector	sector	NOUN
ajeer-251	272	27	.	.	PUNCT
ajeer-251	273	1	the	the	DET
ajeer-251	273	2	short	short	ADJ
ajeer-251	273	3	-	-	PUNCT
ajeer-251	273	4	run	run	NOUN
ajeer-251	273	5	results	result	NOUN
ajeer-251	273	6	indicate	indicate	VERB
ajeer-251	273	7	that	that	SCONJ
ajeer-251	273	8	capital	capital	NOUN
ajeer-251	273	9	account	account	NOUN
ajeer-251	273	10	liberalization	liberalization	NOUN
ajeer-251	273	11	and	and	CCONJ
ajeer-251	273	12	financial	financial	ADJ
ajeer-251	273	13	openness	openness	NOUN
ajeer-251	273	14	are	be	AUX
ajeer-251	273	15	positively	positively	ADV
ajeer-251	273	16	associated	associate	VERB
ajeer-251	273	17	with	with	ADP
ajeer-251	273	18	private	private	ADJ
ajeer-251	273	19	savings	saving	NOUN
ajeer-251	273	20	.	.	PUNCT
ajeer-251	274	1	references	reference	NOUN
ajeer-251	274	2	abiad	abiad	VERB
ajeer-251	274	3	,	,	PUNCT
ajeer-251	274	4	a.	a.	PROPN
ajeer-251	274	5	,	,	PUNCT
ajeer-251	274	6	e.	e.	PROPN
ajeer-251	274	7	detragiache	detragiache	PROPN
ajeer-251	274	8	and	and	CCONJ
ajeer-251	274	9	t.	t.	PROPN
ajeer-251	274	10	tressel	tressel	PROPN
ajeer-251	274	11	,	,	PUNCT
ajeer-251	274	12	2010	2010	NUM
ajeer-251	274	13	.	.	PUNCT
ajeer-251	275	1	a	a	DET
ajeer-251	275	2	new	new	ADJ
ajeer-251	275	3	database	database	NOUN
ajeer-251	275	4	of	of	ADP
ajeer-251	275	5	financial	financial	ADJ
ajeer-251	275	6	reforms	reform	NOUN
ajeer-251	275	7	.	.	PUNCT
ajeer-251	276	1	imf	imf	PROPN
ajeer-251	276	2	staff	staff	NOUN
ajeer-251	276	3	papers	paper	NOUN
ajeer-251	276	4	,	,	PUNCT
ajeer-251	276	5	57(2	57(2	NUM
ajeer-251	276	6	):	):	PUNCT
ajeer-251	276	7	281	281	NUM
ajeer-251	276	8	-	-	SYM
ajeer-251	276	9	302	302	NUM
ajeer-251	276	10	.	.	PUNCT
ajeer-251	277	1	view	view	NOUN
ajeer-251	277	2	at	at	ADP
ajeer-251	277	3	google	google	PROPN
ajeer-251	277	4	scholar	scholar	NOUN
ajeer-251	277	5	|	|	ADV
ajeer-251	277	6	view	view	NOUN
ajeer-251	277	7	at	at	ADP
ajeer-251	277	8	publisher	publisher	NOUN
ajeer-251	277	9	achy	achy	PROPN
ajeer-251	277	10	,	,	PUNCT
ajeer-251	277	11	l.	l.	PROPN
ajeer-251	277	12	,	,	PUNCT
ajeer-251	277	13	2005	2005	NUM
ajeer-251	277	14	.	.	PUNCT
ajeer-251	278	1	financial	financial	ADJ
ajeer-251	278	2	liberalization	liberalization	NOUN
ajeer-251	278	3	,	,	PUNCT
ajeer-251	278	4	savings	saving	NOUN
ajeer-251	278	5	,	,	PUNCT
ajeer-251	278	6	investment	investment	NOUN
ajeer-251	278	7	,	,	PUNCT
ajeer-251	278	8	and	and	CCONJ
ajeer-251	278	9	growth	growth	NOUN
ajeer-251	278	10	in	in	ADP
ajeer-251	278	11	mena	mena	PROPN
ajeer-251	278	12	countries	countries	PROPN
ajeer-251	278	13	.	.	PUNCT
ajeer-251	279	1	in	in	ADP
ajeer-251	279	2	money	money	NOUN
ajeer-251	279	3	and	and	CCONJ
ajeer-251	279	4	finance	finance	NOUN
ajeer-251	279	5	in	in	ADP
ajeer-251	279	6	the	the	DET
ajeer-251	279	7	middle	middle	PROPN
ajeer-251	279	8	east	east	PROPN
ajeer-251	279	9	:	:	PUNCT
ajeer-251	279	10	missed	miss	VERB
ajeer-251	279	11	opportunities	opportunity	NOUN
ajeer-251	279	12	or	or	CCONJ
ajeer-251	279	13	future	future	ADJ
ajeer-251	279	14	prospects	prospect	NOUN
ajeer-251	279	15	?	?	PUNCT
ajeer-251	279	16	.	.	PUNCT
ajeer-251	280	1	emerald	emerald	PROPN
ajeer-251	280	2	group	group	PROPN
ajeer-251	280	3	publishing	publishing	PROPN
ajeer-251	280	4	limited	limit	VERB
ajeer-251	280	5	.	.	PUNCT
ajeer-251	281	1	pp	pp	ADP
ajeer-251	281	2	:	:	PUNCT
ajeer-251	281	3	67	67	NUM
ajeer-251	281	4	-	-	SYM
ajeer-251	281	5	94	94	NUM
ajeer-251	281	6	.	.	PUNCT
ajeer-251	281	7	acosta	acosta	PROPN
ajeer-251	281	8	,	,	PUNCT
ajeer-251	281	9	p.	p.	NOUN
ajeer-251	281	10	and	and	CCONJ
ajeer-251	281	11	a.	a.	PROPN
ajeer-251	281	12	loza	loza	PROPN
ajeer-251	281	13	,	,	PUNCT
ajeer-251	281	14	2005	2005	NUM
ajeer-251	281	15	.	.	PUNCT
ajeer-251	282	1	short	short	ADJ
ajeer-251	282	2	and	and	CCONJ
ajeer-251	282	3	long	long	ADV
ajeer-251	282	4	-	-	PUNCT
ajeer-251	282	5	run	run	VERB
ajeer-251	282	6	determinants	determinant	NOUN
ajeer-251	282	7	of	of	ADP
ajeer-251	282	8	private	private	ADJ
ajeer-251	282	9	investment	investment	NOUN
ajeer-251	282	10	in	in	ADP
ajeer-251	282	11	argentina	argentina	PROPN
ajeer-251	282	12	.	.	PUNCT
ajeer-251	283	1	journal	journal	PROPN
ajeer-251	283	2	of	of	ADP
ajeer-251	283	3	applied	apply	VERB
ajeer-251	283	4	economics	economic	NOUN
ajeer-251	283	5	,	,	PUNCT
ajeer-251	283	6	8(2	8(2	NUM
ajeer-251	283	7	):	):	PUNCT
ajeer-251	283	8	389406	389406	NUM
ajeer-251	283	9	.	.	PUNCT
ajeer-251	284	1	view	view	NOUN
ajeer-251	284	2	at	at	ADP
ajeer-251	284	3	google	google	PROPN
ajeer-251	284	4	scholar	scholar	PROPN
ajeer-251	284	5	akkina	akkina	PROPN
ajeer-251	284	6	,	,	PUNCT
ajeer-251	284	7	k.r	k.r	PROPN
ajeer-251	284	8	.	.	PROPN
ajeer-251	284	9	and	and	CCONJ
ajeer-251	284	10	m.a	m.a	PROPN
ajeer-251	284	11	.	.	PROPN
ajeer-251	284	12	celebi	celebi	NOUN
ajeer-251	284	13	,	,	PUNCT
ajeer-251	284	14	2002	2002	NUM
ajeer-251	284	15	.	.	PUNCT
ajeer-251	285	1	the	the	DET
ajeer-251	285	2	determinants	determinant	NOUN
ajeer-251	285	3	of	of	ADP
ajeer-251	285	4	private	private	ADJ
ajeer-251	285	5	fixed	fix	VERB
ajeer-251	285	6	investment	investment	NOUN
ajeer-251	285	7	and	and	CCONJ
ajeer-251	285	8	the	the	DET
ajeer-251	285	9	relationship	relationship	NOUN
ajeer-251	285	10	between	between	ADP
ajeer-251	285	11	public	public	ADJ
ajeer-251	285	12	and	and	CCONJ
ajeer-251	285	13	private	private	ADJ
ajeer-251	285	14	capital	capital	NOUN
ajeer-251	285	15	accumulation	accumulation	NOUN
ajeer-251	285	16	in	in	ADP
ajeer-251	285	17	turkey	turkey	PROPN
ajeer-251	285	18	.	.	PUNCT
ajeer-251	286	1	pakistan	pakistan	PROPN
ajeer-251	286	2	development	development	PROPN
ajeer-251	286	3	review	review	PROPN
ajeer-251	286	4	,	,	PUNCT
ajeer-251	286	5	41(3	41(3	NUM
ajeer-251	286	6	):	):	PUNCT
ajeer-251	286	7	243	243	NUM
ajeer-251	286	8	-	-	SYM
ajeer-251	286	9	254	254	NUM
ajeer-251	286	10	.	.	PUNCT
ajeer-251	287	1	view	view	NOUN
ajeer-251	287	2	at	at	ADP
ajeer-251	287	3	google	google	PROPN
ajeer-251	287	4	scholar	scholar	NOUN
ajeer-251	287	5	|	|	ADV
ajeer-251	287	6	view	view	NOUN
ajeer-251	287	7	at	at	ADP
ajeer-251	287	8	publisher	publisher	PROPN
ajeer-251	287	9	ang	ang	PROPN
ajeer-251	287	10	,	,	PUNCT
ajeer-251	287	11	j.b	j.b	PROPN
ajeer-251	287	12	.	.	PROPN
ajeer-251	287	13	,	,	PUNCT
ajeer-251	287	14	2009	2009	NUM
ajeer-251	287	15	.	.	PUNCT
ajeer-251	288	1	private	private	ADJ
ajeer-251	288	2	investment	investment	NOUN
ajeer-251	288	3	and	and	CCONJ
ajeer-251	288	4	financial	financial	ADJ
ajeer-251	288	5	sector	sector	NOUN
ajeer-251	288	6	policies	policy	NOUN
ajeer-251	288	7	in	in	ADP
ajeer-251	288	8	india	india	PROPN
ajeer-251	288	9	and	and	CCONJ
ajeer-251	288	10	malaysia	malaysia	PROPN
ajeer-251	288	11	.	.	PUNCT
ajeer-251	289	1	world	world	PROPN
ajeer-251	289	2	development	development	PROPN
ajeer-251	289	3	,	,	PUNCT
ajeer-251	289	4	37(7	37(7	NUM
ajeer-251	289	5	):	):	PUNCT
ajeer-251	289	6	1261	1261	NUM
ajeer-251	289	7	-	-	SYM
ajeer-251	289	8	1273	1273	NUM
ajeer-251	289	9	.	.	PUNCT
ajeer-251	290	1	view	view	NOUN
ajeer-251	290	2	at	at	ADP
ajeer-251	290	3	google	google	PROPN
ajeer-251	290	4	scholar	scholar	NOUN
ajeer-251	290	5	|	|	ADV
ajeer-251	290	6	view	view	NOUN
ajeer-251	290	7	at	at	ADP
ajeer-251	290	8	publisher	publisher	PROPN
ajeer-251	290	9	ang	ang	PROPN
ajeer-251	290	10	,	,	PUNCT
ajeer-251	290	11	j.b	j.b	PROPN
ajeer-251	290	12	.	.	PROPN
ajeer-251	290	13	and	and	CCONJ
ajeer-251	290	14	w.j	w.j	PROPN
ajeer-251	290	15	.	.	PROPN
ajeer-251	290	16	mckibbin	mckibbin	PROPN
ajeer-251	290	17	,	,	PUNCT
ajeer-251	290	18	2007	2007	NUM
ajeer-251	290	19	.	.	PUNCT
ajeer-251	291	1	financial	financial	ADJ
ajeer-251	291	2	liberalization	liberalization	NOUN
ajeer-251	291	3	,	,	PUNCT
ajeer-251	291	4	financial	financial	ADJ
ajeer-251	291	5	sector	sector	NOUN
ajeer-251	291	6	development	development	NOUN
ajeer-251	291	7	,	,	PUNCT
ajeer-251	291	8	and	and	CCONJ
ajeer-251	291	9	growth	growth	NOUN
ajeer-251	291	10	:	:	PUNCT
ajeer-251	291	11	evidence	evidence	NOUN
ajeer-251	291	12	from	from	ADP
ajeer-251	291	13	malaysia	malaysia	PROPN
ajeer-251	291	14	.	.	PUNCT
ajeer-251	292	1	journal	journal	PROPN
ajeer-251	292	2	of	of	ADP
ajeer-251	292	3	development	development	NOUN
ajeer-251	292	4	economics	economic	NOUN
ajeer-251	292	5	,	,	PUNCT
ajeer-251	292	6	84(1	84(1	NUM
ajeer-251	292	7	):	):	PUNCT
ajeer-251	292	8	215	215	NUM
ajeer-251	292	9	-	-	SYM
ajeer-251	292	10	233	233	NUM
ajeer-251	292	11	.	.	PUNCT
ajeer-251	293	1	view	view	NOUN
ajeer-251	293	2	at	at	ADP
ajeer-251	293	3	google	google	PROPN
ajeer-251	293	4	scholar	scholar	NOUN
ajeer-251	293	5	|	|	ADV
ajeer-251	293	6	view	view	NOUN
ajeer-251	293	7	at	at	ADP
ajeer-251	293	8	publisher	publisher	NOUN
ajeer-251	293	9	baldwin	baldwin	PROPN
ajeer-251	293	10	,	,	PUNCT
ajeer-251	293	11	r.e	r.e	PROPN
ajeer-251	293	12	.	.	PROPN
ajeer-251	293	13	,	,	PUNCT
ajeer-251	293	14	1989	1989	NUM
ajeer-251	293	15	.	.	PUNCT
ajeer-251	294	1	measurable	measurable	ADJ
ajeer-251	294	2	dynamic	dynamic	ADJ
ajeer-251	294	3	gains	gain	NOUN
ajeer-251	294	4	from	from	ADP
ajeer-251	294	5	trade	trade	NOUN
ajeer-251	294	6	.	.	PUNCT
ajeer-251	295	1	journal	journal	NOUN
ajeer-251	295	2	of	of	ADP
ajeer-251	295	3	political	political	ADJ
ajeer-251	295	4	economy	economy	NOUN
ajeer-251	295	5	,	,	PUNCT
ajeer-251	295	6	100(1	100(1	NUM
ajeer-251	295	7	):	):	PUNCT
ajeer-251	295	8	162	162	NUM
ajeer-251	295	9	-	-	SYM
ajeer-251	295	10	174	174	NUM
ajeer-251	295	11	.	.	PUNCT
ajeer-251	296	1	view	view	NOUN
ajeer-251	296	2	at	at	ADP
ajeer-251	296	3	google	google	PROPN
ajeer-251	296	4	scholar	scholar	NOUN
ajeer-251	296	5	|	|	ADV
ajeer-251	296	6	view	view	NOUN
ajeer-251	296	7	at	at	ADP
ajeer-251	296	8	publisher	publisher	PROPN
ajeer-251	296	9	banerjee	banerjee	PROPN
ajeer-251	296	10	,	,	PUNCT
ajeer-251	296	11	a.	a.	PROPN
ajeer-251	296	12	,	,	PUNCT
ajeer-251	296	13	j.	j.	PROPN
ajeer-251	296	14	dolado	dolado	PROPN
ajeer-251	296	15	and	and	CCONJ
ajeer-251	296	16	r.	r.	PROPN
ajeer-251	296	17	mestre	mestre	PROPN
ajeer-251	296	18	,	,	PUNCT
ajeer-251	296	19	1998	1998	NUM
ajeer-251	296	20	.	.	PUNCT
ajeer-251	297	1	error	error	NOUN
ajeer-251	297	2	-	-	PUNCT
ajeer-251	297	3	correction	correction	NOUN
ajeer-251	297	4	mechanism	mechanism	NOUN
ajeer-251	297	5	tests	test	VERB
ajeer-251	297	6	for	for	ADP
ajeer-251	297	7	cointegration	cointegration	NOUN
ajeer-251	297	8	in	in	ADP
ajeer-251	297	9	a	a	DET
ajeer-251	297	10	single	single	ADJ
ajeer-251	297	11	-	-	PUNCT
ajeer-251	297	12	equation	equation	NOUN
ajeer-251	297	13	framework	framework	NOUN
ajeer-251	297	14	.	.	PUNCT
ajeer-251	298	1	journal	journal	NOUN
ajeer-251	298	2	of	of	ADP
ajeer-251	298	3	time	time	NOUN
ajeer-251	298	4	series	series	PROPN
ajeer-251	298	5	analysis	analysis	NOUN
ajeer-251	298	6	,	,	PUNCT
ajeer-251	298	7	19(3	19(3	NUM
ajeer-251	298	8	):	):	PUNCT
ajeer-251	298	9	267	267	NUM
ajeer-251	298	10	-	-	SYM
ajeer-251	298	11	283	283	NUM
ajeer-251	298	12	.	.	PUNCT
ajeer-251	298	13	view	view	NOUN
ajeer-251	298	14	at	at	ADP
ajeer-251	298	15	google	google	PROPN
ajeer-251	298	16	scholar	scholar	NOUN
ajeer-251	298	17	|	|	ADV
ajeer-251	298	18	view	view	NOUN
ajeer-251	298	19	at	at	ADP
ajeer-251	298	20	publisher	publisher	NOUN
ajeer-251	298	21	bhagwati	bhagwati	PROPN
ajeer-251	298	22	,	,	PUNCT
ajeer-251	298	23	j.	j.	PROPN
ajeer-251	298	24	,	,	PUNCT
ajeer-251	298	25	1998	1998	NUM
ajeer-251	298	26	.	.	PUNCT
ajeer-251	299	1	the	the	DET
ajeer-251	299	2	capital	capital	NOUN
ajeer-251	299	3	myth	myth	NOUN
ajeer-251	299	4	:	:	PUNCT
ajeer-251	299	5	the	the	DET
ajeer-251	299	6	difference	difference	NOUN
ajeer-251	299	7	between	between	ADP
ajeer-251	299	8	trade	trade	NOUN
ajeer-251	299	9	in	in	ADP
ajeer-251	299	10	widgets	widget	NOUN
ajeer-251	299	11	and	and	CCONJ
ajeer-251	299	12	dollars	dollar	NOUN
ajeer-251	299	13	.	.	PUNCT
ajeer-251	300	1	foreign	foreign	ADJ
ajeer-251	300	2	affairs	affair	NOUN
ajeer-251	300	3	,	,	PUNCT
ajeer-251	300	4	77(3	77(3	NUM
ajeer-251	300	5	):	):	PUNCT
ajeer-251	300	6	7	7	NUM
ajeer-251	300	7	-	-	SYM
ajeer-251	300	8	12	12	NUM
ajeer-251	300	9	.	.	PUNCT
ajeer-251	301	1	view	view	NOUN
ajeer-251	301	2	at	at	ADP
ajeer-251	301	3	google	google	PROPN
ajeer-251	301	4	scholar	scholar	NOUN
ajeer-251	301	5	|	|	ADV
ajeer-251	301	6	view	view	NOUN
ajeer-251	301	7	at	at	ADP
ajeer-251	301	8	publisher	publisher	NOUN
ajeer-251	301	9	blejer	blejer	PROPN
ajeer-251	301	10	,	,	PUNCT
ajeer-251	301	11	m.i	m.i	PROPN
ajeer-251	301	12	.	.	PROPN
ajeer-251	301	13	,	,	PUNCT
ajeer-251	301	14	and	and	CCONJ
ajeer-251	301	15	m.s	m.s	PROPN
ajeer-251	301	16	.	.	PROPN
ajeer-251	301	17	khan	khan	PROPN
ajeer-251	301	18	,	,	PUNCT
ajeer-251	301	19	1984	1984	NUM
ajeer-251	301	20	.	.	PUNCT
ajeer-251	302	1	government	government	NOUN
ajeer-251	302	2	policy	policy	NOUN
ajeer-251	302	3	and	and	CCONJ
ajeer-251	302	4	private	private	ADJ
ajeer-251	302	5	investment	investment	NOUN
ajeer-251	302	6	in	in	ADP
ajeer-251	302	7	developing	develop	VERB
ajeer-251	302	8	countries	country	NOUN
ajeer-251	302	9	.	.	PUNCT
ajeer-251	303	1	staff	staff	NOUN
ajeer-251	303	2	papers	paper	NOUN
ajeer-251	303	3	,	,	PUNCT
ajeer-251	303	4	31(2	31(2	NUM
ajeer-251	303	5	):	):	PUNCT
ajeer-251	303	6	379	379	NUM
ajeer-251	303	7	-	-	SYM
ajeer-251	303	8	403	403	NUM
ajeer-251	303	9	.	.	PUNCT
ajeer-251	304	1	view	view	NOUN
ajeer-251	304	2	at	at	ADP
ajeer-251	304	3	google	google	PROPN
ajeer-251	304	4	scholar	scholar	NOUN
ajeer-251	304	5	14	14	NUM
ajeer-251	304	6	the	the	DET
ajeer-251	304	7	schwarz‟s	schwarz‟s	ADJ
ajeer-251	304	8	bayesian	bayesian	NOUN
ajeer-251	304	9	information	information	NOUN
ajeer-251	304	10	criteria	criterion	NOUN
ajeer-251	304	11	(	(	PUNCT
ajeer-251	304	12	sbc	sbc	NOUN
ajeer-251	304	13	)	)	PUNCT
ajeer-251	304	14	is	be	AUX
ajeer-251	304	15	used	use	VERB
ajeer-251	304	16	in	in	ADP
ajeer-251	304	17	the	the	DET
ajeer-251	304	18	lags	lag	NOUN
ajeer-251	304	19	selection	selection	NOUN
ajeer-251	304	20	process	process	NOUN
ajeer-251	304	21	.	.	PUNCT
ajeer-251	305	1	https://scholar.google.com/scholar?hl=en&q=a%20new%20database%20of%20financial%20reforms	https://scholar.google.com/scholar?hl=en&q=a%20new%20database%20of%20financial%20reform	NOUN
ajeer-251	305	2	http://dx.doi.org/10.1057/imfsp.2009.23	http://dx.doi.org/10.1057/imfsp.2009.23	NUM
ajeer-251	305	3	https://scholar.google.com/scholar?hl=en&q=short%20and%20long-run%20determinants%20of%20private%20investment%20in%20argentina	https://scholar.google.com/scholar?hl=en&q=short%20and%20long-run%20determinants%20of%20private%20investment%20in%20argentina	PROPN
ajeer-251	305	4	https://scholar.google.com/scholar?hl=en&q=the%20determinants%20of%20private%20fixed%20investment%20and%20the%20relationship%20between%20public%20and%20private%20capital%20accumulation%20in%20turkey	https://scholar.google.com/scholar?hl=en&q=the%20determinants%20of%20private%20fixed%20investment%20and%20the%20relationship%20between%20public%20and%20private%20capital%20accumulation%20in%20turkey	PROPN
ajeer-251	305	5	http://dx.doi.org/10.30541/v41i3pp.243-254	http://dx.doi.org/10.30541/v41i3pp.243-254	PROPN
ajeer-251	305	6	https://scholar.google.com/scholar?hl=en&q=private%20investment%20and%20financial%20sector%20policies%20in%20india%20and%20malaysia	https://scholar.google.com/scholar?hl=en&q=private%20investment%20and%20financial%20sector%20policies%20in%20india%20and%20malaysia	PROPN
ajeer-251	305	7	https://scholar.google.com/scholar?hl=en&q=private%20investment%20and%20financial%20sector%20policies%20in%20india%20and%20malaysia	https://scholar.google.com/scholar?hl=en&q=private%20investment%20and%20financial%20sector%20policies%20in%20india%20and%20malaysia	PROPN
ajeer-251	305	8	http://dx.doi.org/10.1016/j.worlddev.2008.12.003	http://dx.doi.org/10.1016/j.worlddev.2008.12.003	PROPN
ajeer-251	305	9	https://scholar.google.com/scholar?hl=en&q=financial%20liberalization,%20financial%20sector%20development,%20and%20growth:%20evidence%20from%20malaysia	https://scholar.google.com/scholar?hl=en&q=financial%20liberalization,%20financial%20sector%20development,%20and%20growth:%20evidence%20from%20malaysia	PROPN
ajeer-251	305	10	http://dx.doi.org/10.1016/j.jdeveco.2006.11.006	http://dx.doi.org/10.1016/j.jdeveco.2006.11.006	NOUN
ajeer-251	305	11	https://scholar.google.com/scholar?hl=en&q=measurable%20dynamic%20gains%20from%20trade	https://scholar.google.com/scholar?hl=en&q=measurable%20dynamic%20gains%20from%20trade	PART
ajeer-251	305	12	http://dx.doi.org/10.1086/261811	http://dx.doi.org/10.1086/261811	NOUN
ajeer-251	305	13	https://scholar.google.com/scholar?hl=en&q=error-correction%20mechanism%20tests%20for%20cointegration%20in%20a%20single-equation%20framework	https://scholar.google.com/scholar?hl=en&q=error-correction%20mechanism%20tests%20for%20cointegration%20in%20a%20single-equation%20framework	NOUN
ajeer-251	305	14	http://dx.doi.org/10.1111/1467-9892.00091	http://dx.doi.org/10.1111/1467-9892.00091	NOUN
ajeer-251	305	15	https://scholar.google.com/scholar?hl=en&q=the%20capital%20myth:%20the%20difference%20between%20trade%20in%20widgets%20and%20dollars	https://scholar.google.com/scholar?hl=en&q=the%20capital%20myth:%20the%20difference%20between%20trade%20in%20widgets%20and%20dollar	NOUN
ajeer-251	305	16	http://dx.doi.org/10.2307/20048871	http://dx.doi.org/10.2307/20048871	PROPN
ajeer-251	305	17	https://scholar.google.com/scholar?hl=en&q=government%20policy%20and%20private%20investment%20in%20developing%20countries	https://scholar.google.com/scholar?hl=en&q=government%20policy%20and%20private%20investment%20in%20developing%20countrie	NOUN
ajeer-251	305	18	https://scholar.google.com/scholar?hl=en&q=government%20policy%20and%20private%20investment%20in%20developing%20countries	https://scholar.google.com/scholar?hl=en&q=government%20policy%20and%20private%20investment%20in%20developing%20countrie	NOUN
ajeer-251	305	19	asian	asian	ADJ
ajeer-251	305	20	journal	journal	NOUN
ajeer-251	305	21	of	of	ADP
ajeer-251	305	22	economics	economic	NOUN
ajeer-251	305	23	and	and	CCONJ
ajeer-251	305	24	empirical	empirical	ADJ
ajeer-251	305	25	research	research	NOUN
ajeer-251	305	26	,	,	PUNCT
ajeer-251	305	27	2018	2018	NUM
ajeer-251	305	28	,	,	PUNCT
ajeer-251	305	29	5(2	5(2	NUM
ajeer-251	305	30	):	):	PUNCT
ajeer-251	305	31	112	112	NUM
ajeer-251	305	32	-	-	SYM
ajeer-251	305	33	120	120	NUM
ajeer-251	305	34	120	120	NUM
ajeer-251	305	35	chinn	chinn	PROPN
ajeer-251	305	36	,	,	PUNCT
ajeer-251	305	37	m.d	m.d	PROPN
ajeer-251	305	38	.	.	PROPN
ajeer-251	305	39	and	and	CCONJ
ajeer-251	305	40	h.	h.	PROPN
ajeer-251	305	41	ito	ito	PROPN
ajeer-251	305	42	,	,	PUNCT
ajeer-251	305	43	2006	2006	NUM
ajeer-251	305	44	.	.	PUNCT
ajeer-251	306	1	what	what	PRON
ajeer-251	306	2	matters	matter	VERB
ajeer-251	306	3	for	for	ADP
ajeer-251	306	4	financial	financial	ADJ
ajeer-251	306	5	development	development	NOUN
ajeer-251	306	6	?	?	PUNCT
ajeer-251	307	1	capital	capital	NOUN
ajeer-251	307	2	controls	control	NOUN
ajeer-251	307	3	,	,	PUNCT
ajeer-251	307	4	institutions	institution	NOUN
ajeer-251	307	5	,	,	PUNCT
ajeer-251	307	6	and	and	CCONJ
ajeer-251	307	7	interactions	interaction	NOUN
ajeer-251	307	8	.	.	PUNCT
ajeer-251	308	1	journal	journal	NOUN
ajeer-251	308	2	of	of	ADP
ajeer-251	308	3	development	development	NOUN
ajeer-251	308	4	economics	economic	NOUN
ajeer-251	308	5	,	,	PUNCT
ajeer-251	308	6	81(1	81(1	NUM
ajeer-251	308	7	):	):	PUNCT
ajeer-251	308	8	163	163	NUM
ajeer-251	308	9	-	-	SYM
ajeer-251	308	10	192	192	NUM
ajeer-251	308	11	.	.	PUNCT
ajeer-251	309	1	view	view	NOUN
ajeer-251	309	2	at	at	ADP
ajeer-251	309	3	google	google	PROPN
ajeer-251	309	4	scholar	scholar	NOUN
ajeer-251	309	5	|	|	ADV
ajeer-251	309	6	view	view	NOUN
ajeer-251	309	7	at	at	ADP
ajeer-251	309	8	publisher	publisher	NOUN
ajeer-251	309	9	courakis	courakis	PROPN
ajeer-251	309	10	,	,	PUNCT
ajeer-251	309	11	a.s	a.s	PROPN
ajeer-251	309	12	.	.	PROPN
ajeer-251	309	13	,	,	PUNCT
ajeer-251	309	14	1984	1984	NUM
ajeer-251	309	15	.	.	PUNCT
ajeer-251	310	1	constraints	constraint	NOUN
ajeer-251	310	2	on	on	ADP
ajeer-251	310	3	bank	bank	NOUN
ajeer-251	310	4	choices	choice	NOUN
ajeer-251	310	5	and	and	CCONJ
ajeer-251	310	6	financial	financial	ADJ
ajeer-251	310	7	repression	repression	NOUN
ajeer-251	310	8	in	in	ADP
ajeer-251	310	9	less	less	ADJ
ajeer-251	310	10	developed	develop	VERB
ajeer-251	310	11	countries	country	NOUN
ajeer-251	310	12	.	.	PUNCT
ajeer-251	311	1	oxford	oxford	ADJ
ajeer-251	311	2	bulletin	bulletin	NOUN
ajeer-251	311	3	of	of	ADP
ajeer-251	311	4	economics	economic	NOUN
ajeer-251	311	5	and	and	CCONJ
ajeer-251	311	6	statistics	statistic	NOUN
ajeer-251	311	7	,	,	PUNCT
ajeer-251	311	8	46(4	46(4	INTJ
ajeer-251	311	9	):	):	PUNCT
ajeer-251	311	10	341	341	NUM
ajeer-251	311	11	-	-	SYM
ajeer-251	311	12	370	370	NUM
ajeer-251	311	13	.	.	PUNCT
ajeer-251	312	1	view	view	NOUN
ajeer-251	312	2	at	at	ADP
ajeer-251	312	3	google	google	PROPN
ajeer-251	312	4	scholar	scholar	NOUN
ajeer-251	312	5	|	|	ADV
ajeer-251	312	6	view	view	NOUN
ajeer-251	312	7	at	at	ADP
ajeer-251	312	8	publisher	publisher	NOUN
ajeer-251	312	9	dang	dang	PROPN
ajeer-251	312	10	,	,	PUNCT
ajeer-251	312	11	v.	v.	ADV
ajeer-251	312	12	,	,	PUNCT
ajeer-251	312	13	2012	2012	NUM
ajeer-251	312	14	.	.	PUNCT
ajeer-251	313	1	institutional	institutional	ADJ
ajeer-251	313	2	determinants	determinant	NOUN
ajeer-251	313	3	of	of	ADP
ajeer-251	313	4	investment	investment	NOUN
ajeer-251	313	5	in	in	ADP
ajeer-251	313	6	transition	transition	NOUN
ajeer-251	313	7	economies	economy	NOUN
ajeer-251	313	8	(	(	PUNCT
ajeer-251	313	9	working	working	NOUN
ajeer-251	313	10	paper	paper	NOUN
ajeer-251	313	11	no	no	INTJ
ajeer-251	313	12	.	.	NOUN
ajeer-251	313	13	09	09	NUM
ajeer-251	313	14	-	-	SYM
ajeer-251	313	15	33	33	NUM
ajeer-251	313	16	)	)	PUNCT
ajeer-251	313	17	.	.	PUNCT
ajeer-251	314	1	retrieved	retrieve	VERB
ajeer-251	314	2	from	from	ADP
ajeer-251	314	3	https://www.brunel.ac.uk/__data/assets/pdf_file/0019/82126/0933.pdf	https://www.brunel.ac.uk/__data/assets/pdf_file/0019/82126/0933.pdf	NOUN
ajeer-251	314	4	.	.	PUNCT
ajeer-251	315	1	dickey	dickey	PROPN
ajeer-251	315	2	,	,	PUNCT
ajeer-251	315	3	d.a	d.a	PROPN
ajeer-251	315	4	.	.	PROPN
ajeer-251	315	5	and	and	CCONJ
ajeer-251	315	6	w.a	w.a	PROPN
ajeer-251	315	7	.	.	PROPN
ajeer-251	315	8	fuller	full	ADJ
ajeer-251	315	9	,	,	PUNCT
ajeer-251	315	10	1979	1979	NUM
ajeer-251	315	11	.	.	PUNCT
ajeer-251	316	1	distribution	distribution	NOUN
ajeer-251	316	2	of	of	ADP
ajeer-251	316	3	the	the	DET
ajeer-251	316	4	estimators	estimator	NOUN
ajeer-251	316	5	for	for	ADP
ajeer-251	316	6	autoregressive	autoregressive	ADJ
ajeer-251	316	7	time	time	NOUN
ajeer-251	316	8	series	series	NOUN
ajeer-251	316	9	with	with	ADP
ajeer-251	316	10	a	a	DET
ajeer-251	316	11	unit	unit	NOUN
ajeer-251	316	12	root	root	NOUN
ajeer-251	316	13	.	.	PUNCT
ajeer-251	317	1	journal	journal	NOUN
ajeer-251	317	2	of	of	ADP
ajeer-251	317	3	the	the	DET
ajeer-251	317	4	american	american	PROPN
ajeer-251	317	5	statistical	statistical	PROPN
ajeer-251	317	6	association	association	NOUN
ajeer-251	317	7	,	,	PUNCT
ajeer-251	317	8	74(366a	74(366a	NUM
ajeer-251	317	9	):	):	PUNCT
ajeer-251	317	10	427	427	NUM
ajeer-251	317	11	-	-	SYM
ajeer-251	317	12	431	431	NUM
ajeer-251	317	13	.	.	PUNCT
ajeer-251	318	1	view	view	NOUN
ajeer-251	318	2	at	at	ADP
ajeer-251	318	3	google	google	PROPN
ajeer-251	318	4	scholar	scholar	NOUN
ajeer-251	318	5	|	|	ADV
ajeer-251	318	6	view	view	NOUN
ajeer-251	318	7	at	at	ADP
ajeer-251	318	8	publisher	publisher	NOUN
ajeer-251	318	9	engle	engle	PROPN
ajeer-251	318	10	,	,	PUNCT
ajeer-251	318	11	r.f	r.f	PROPN
ajeer-251	318	12	.	.	PROPN
ajeer-251	318	13	and	and	CCONJ
ajeer-251	318	14	c.w.j	c.w.j	NOUN
ajeer-251	318	15	.	.	PUNCT
ajeer-251	319	1	granger	granger	NOUN
ajeer-251	319	2	,	,	PUNCT
ajeer-251	319	3	1987	1987	NUM
ajeer-251	319	4	.	.	PUNCT
ajeer-251	320	1	co	co	NOUN
ajeer-251	320	2	-	-	NOUN
ajeer-251	320	3	integration	integration	NOUN
ajeer-251	320	4	and	and	CCONJ
ajeer-251	320	5	error	error	NOUN
ajeer-251	320	6	correction	correction	NOUN
ajeer-251	320	7	:	:	PUNCT
ajeer-251	320	8	representation	representation	NOUN
ajeer-251	320	9	,	,	PUNCT
ajeer-251	320	10	estimation	estimation	NOUN
ajeer-251	320	11	,	,	PUNCT
ajeer-251	320	12	and	and	CCONJ
ajeer-251	320	13	testing	testing	NOUN
ajeer-251	320	14	.	.	PUNCT
ajeer-251	321	1	econometrica	econometrica	PROPN
ajeer-251	321	2	,	,	PUNCT
ajeer-251	321	3	55(2	55(2	NUM
ajeer-251	321	4	):	):	PUNCT
ajeer-251	321	5	251	251	NUM
ajeer-251	321	6	-	-	SYM
ajeer-251	321	7	276	276	NUM
ajeer-251	321	8	.	.	PUNCT
ajeer-251	322	1	view	view	NOUN
ajeer-251	322	2	at	at	ADP
ajeer-251	322	3	google	google	PROPN
ajeer-251	322	4	scholar	scholar	NOUN
ajeer-251	322	5	|	|	ADV
ajeer-251	322	6	view	view	NOUN
ajeer-251	322	7	at	at	ADP
ajeer-251	322	8	publisher	publisher	NOUN
ajeer-251	322	9	francois	francois	PROPN
ajeer-251	322	10	,	,	PUNCT
ajeer-251	322	11	j.f	j.f	PROPN
ajeer-251	322	12	.	.	PROPN
ajeer-251	322	13	,	,	PUNCT
ajeer-251	322	14	b.j	b.j	PROPN
ajeer-251	322	15	.	.	PROPN
ajeer-251	322	16	mcdonald	mcdonald	PROPN
ajeer-251	322	17	and	and	CCONJ
ajeer-251	322	18	h.	h.	PROPN
ajeer-251	322	19	nordstrom	nordstrom	PROPN
ajeer-251	322	20	,	,	PUNCT
ajeer-251	322	21	1999	1999	NUM
ajeer-251	322	22	.	.	PUNCT
ajeer-251	323	1	trade	trade	NOUN
ajeer-251	323	2	liberalization	liberalization	NOUN
ajeer-251	323	3	and	and	CCONJ
ajeer-251	323	4	investment	investment	NOUN
ajeer-251	323	5	in	in	ADP
ajeer-251	323	6	a	a	DET
ajeer-251	323	7	multilateral	multilateral	ADJ
ajeer-251	323	8	framework	framework	NOUN
ajeer-251	323	9	.	.	PUNCT
ajeer-251	324	1	dynamic	dynamic	ADJ
ajeer-251	324	2	issues	issue	NOUN
ajeer-251	324	3	in	in	ADP
ajeer-251	324	4	commercial	commercial	ADJ
ajeer-251	324	5	policy	policy	NOUN
ajeer-251	324	6	analysis	analysis	NOUN
ajeer-251	324	7	:	:	PUNCT
ajeer-251	324	8	202	202	NUM
ajeer-251	324	9	-	-	SYM
ajeer-251	324	10	222	222	NUM
ajeer-251	324	11	.	.	PUNCT
ajeer-251	325	1	view	view	NOUN
ajeer-251	325	2	at	at	ADP
ajeer-251	325	3	google	google	PROPN
ajeer-251	325	4	scholar	scholar	PROPN
ajeer-251	325	5	fry	fry	PROPN
ajeer-251	325	6	,	,	PUNCT
ajeer-251	325	7	m.j	m.j	PROPN
ajeer-251	325	8	.	.	PROPN
ajeer-251	325	9	,	,	PUNCT
ajeer-251	325	10	1988	1988	NUM
ajeer-251	325	11	.	.	PUNCT
ajeer-251	326	1	money	money	NOUN
ajeer-251	326	2	,	,	PUNCT
ajeer-251	326	3	interest	interest	NOUN
ajeer-251	326	4	,	,	PUNCT
ajeer-251	326	5	and	and	CCONJ
ajeer-251	326	6	banking	banking	NOUN
ajeer-251	326	7	in	in	ADP
ajeer-251	326	8	economic	economic	ADJ
ajeer-251	326	9	development	development	NOUN
ajeer-251	326	10	.	.	PUNCT
ajeer-251	327	1	baltimore	baltimore	PROPN
ajeer-251	327	2	and	and	CCONJ
ajeer-251	327	3	london	london	PROPN
ajeer-251	327	4	:	:	PUNCT
ajeer-251	327	5	johns	johns	PROPN
ajeer-251	327	6	hopkins	hopkins	PROPN
ajeer-251	327	7	university	university	PROPN
ajeer-251	327	8	press	press	NOUN
ajeer-251	327	9	.	.	PUNCT
ajeer-251	328	1	greene	greene	PROPN
ajeer-251	328	2	,	,	PUNCT
ajeer-251	328	3	j.	j.	PROPN
ajeer-251	328	4	and	and	CCONJ
ajeer-251	328	5	d.	d.	PROPN
ajeer-251	328	6	villanueva	villanueva	PROPN
ajeer-251	328	7	,	,	PUNCT
ajeer-251	328	8	1991	1991	NUM
ajeer-251	328	9	.	.	PUNCT
ajeer-251	329	1	private	private	ADJ
ajeer-251	329	2	investment	investment	NOUN
ajeer-251	329	3	in	in	ADP
ajeer-251	329	4	developing	develop	VERB
ajeer-251	329	5	countries	country	NOUN
ajeer-251	329	6	:	:	PUNCT
ajeer-251	329	7	an	an	DET
ajeer-251	329	8	empirical	empirical	ADJ
ajeer-251	329	9	analysis	analysis	NOUN
ajeer-251	329	10	.	.	PUNCT
ajeer-251	330	1	staff	staff	NOUN
ajeer-251	330	2	papers	paper	NOUN
ajeer-251	330	3	,	,	PUNCT
ajeer-251	330	4	38(1	38(1	NUM
ajeer-251	330	5	):	):	PUNCT
ajeer-251	330	6	33	33	NUM
ajeer-251	330	7	-	-	SYM
ajeer-251	330	8	58	58	NUM
ajeer-251	330	9	.	.	PUNCT
ajeer-251	331	1	view	view	NOUN
ajeer-251	331	2	at	at	ADP
ajeer-251	331	3	google	google	PROPN
ajeer-251	331	4	scholar	scholar	PROPN
ajeer-251	331	5	haroon	haroon	PROPN
ajeer-251	331	6	,	,	PUNCT
ajeer-251	331	7	m.	m.	NOUN
ajeer-251	331	8	and	and	CCONJ
ajeer-251	331	9	m.	m.	PROPN
ajeer-251	331	10	nasr	nasr	PROPN
ajeer-251	331	11	,	,	PUNCT
ajeer-251	331	12	2011	2011	NUM
ajeer-251	331	13	.	.	PUNCT
ajeer-251	332	1	role	role	NOUN
ajeer-251	332	2	of	of	ADP
ajeer-251	332	3	private	private	ADJ
ajeer-251	332	4	investment	investment	NOUN
ajeer-251	332	5	in	in	ADP
ajeer-251	332	6	the	the	DET
ajeer-251	332	7	economic	economic	ADJ
ajeer-251	332	8	development	development	NOUN
ajeer-251	332	9	of	of	ADP
ajeer-251	332	10	pakistan	pakistan	PROPN
ajeer-251	332	11	.	.	PUNCT
ajeer-251	333	1	international	international	ADJ
ajeer-251	333	2	review	review	PROPN
ajeer-251	333	3	of	of	ADP
ajeer-251	333	4	business	business	NOUN
ajeer-251	333	5	research	research	NOUN
ajeer-251	333	6	paper	paper	NOUN
ajeer-251	333	7	,	,	PUNCT
ajeer-251	333	8	7(1	7(1	NUM
ajeer-251	333	9	):	):	PUNCT
ajeer-251	333	10	420	420	NUM
ajeer-251	333	11	-	-	SYM
ajeer-251	333	12	439	439	NUM
ajeer-251	333	13	.	.	PUNCT
ajeer-251	334	1	view	view	NOUN
ajeer-251	334	2	at	at	ADP
ajeer-251	334	3	google	google	PROPN
ajeer-251	334	4	scholar	scholar	PROPN
ajeer-251	334	5	hellmann	hellmann	PROPN
ajeer-251	334	6	,	,	PUNCT
ajeer-251	334	7	t.f	t.f	PROPN
ajeer-251	334	8	.	.	PROPN
ajeer-251	334	9	,	,	PUNCT
ajeer-251	334	10	k.c	k.c	PROPN
ajeer-251	334	11	.	.	PROPN
ajeer-251	334	12	murdock	murdock	PROPN
ajeer-251	334	13	and	and	CCONJ
ajeer-251	334	14	j.e	j.e	PROPN
ajeer-251	334	15	.	.	PROPN
ajeer-251	334	16	stiglitz	stiglitz	PROPN
ajeer-251	334	17	,	,	PUNCT
ajeer-251	334	18	2000	2000	NUM
ajeer-251	334	19	.	.	PUNCT
ajeer-251	335	1	liberalization	liberalization	NOUN
ajeer-251	335	2	,	,	PUNCT
ajeer-251	335	3	moral	moral	ADJ
ajeer-251	335	4	hazard	hazard	NOUN
ajeer-251	335	5	in	in	ADP
ajeer-251	335	6	banking	banking	NOUN
ajeer-251	335	7	,	,	PUNCT
ajeer-251	335	8	and	and	CCONJ
ajeer-251	335	9	prudential	prudential	ADJ
ajeer-251	335	10	regulation	regulation	NOUN
ajeer-251	335	11	:	:	PUNCT
ajeer-251	335	12	are	be	AUX
ajeer-251	335	13	capital	capital	NOUN
ajeer-251	335	14	requirements	requirement	NOUN
ajeer-251	335	15	enough	enough	ADV
ajeer-251	335	16	?	?	PUNCT
ajeer-251	336	1	american	american	ADJ
ajeer-251	336	2	economic	economic	PROPN
ajeer-251	336	3	review	review	PROPN
ajeer-251	336	4	,	,	PUNCT
ajeer-251	336	5	90(1	90(1	NUM
ajeer-251	336	6	):	):	PUNCT
ajeer-251	336	7	147	147	NUM
ajeer-251	336	8	-	-	SYM
ajeer-251	336	9	165	165	NUM
ajeer-251	336	10	.	.	PUNCT
ajeer-251	337	1	view	view	NOUN
ajeer-251	337	2	at	at	ADP
ajeer-251	337	3	google	google	PROPN
ajeer-251	337	4	scholar	scholar	NOUN
ajeer-251	337	5	|	|	ADV
ajeer-251	337	6	view	view	NOUN
ajeer-251	337	7	at	at	ADP
ajeer-251	337	8	publisher	publisher	NOUN
ajeer-251	337	9	henry	henry	PROPN
ajeer-251	337	10	,	,	PUNCT
ajeer-251	337	11	p.b	p.b	PROPN
ajeer-251	337	12	.	.	PROPN
ajeer-251	337	13	,	,	PUNCT
ajeer-251	337	14	2000	2000	NUM
ajeer-251	337	15	.	.	PUNCT
ajeer-251	338	1	do	do	VERB
ajeer-251	338	2	stock	stock	NOUN
ajeer-251	338	3	market	market	NOUN
ajeer-251	338	4	liberalization	liberalization	NOUN
ajeer-251	338	5	cause	cause	NOUN
ajeer-251	338	6	investment	investment	NOUN
ajeer-251	338	7	booms	boom	NOUN
ajeer-251	338	8	?	?	PUNCT
ajeer-251	339	1	journal	journal	NOUN
ajeer-251	339	2	of	of	ADP
ajeer-251	339	3	financial	financial	ADJ
ajeer-251	339	4	economics	economic	NOUN
ajeer-251	339	5	,	,	PUNCT
ajeer-251	339	6	58(1	58(1	NUM
ajeer-251	339	7	):	):	PUNCT
ajeer-251	339	8	301	301	NUM
ajeer-251	339	9	-	-	SYM
ajeer-251	339	10	334	334	NUM
ajeer-251	339	11	.	.	PUNCT
ajeer-251	340	1	view	view	NOUN
ajeer-251	340	2	at	at	ADP
ajeer-251	340	3	google	google	PROPN
ajeer-251	340	4	scholar	scholar	NOUN
ajeer-251	340	5	|	|	ADV
ajeer-251	340	6	view	view	NOUN
ajeer-251	340	7	at	at	ADP
ajeer-251	340	8	publisher	publisher	NOUN
ajeer-251	340	9	hye	hye	PROPN
ajeer-251	340	10	,	,	PUNCT
ajeer-251	340	11	q.m.a	q.m.a	NOUN
ajeer-251	340	12	.	.	PUNCT
ajeer-251	340	13	and	and	CCONJ
ajeer-251	340	14	w.-y	w.-y	NOUN
ajeer-251	340	15	.	.	PUNCT
ajeer-251	341	1	lau	lau	PROPN
ajeer-251	341	2	,	,	PUNCT
ajeer-251	341	3	2017	2017	NUM
ajeer-251	341	4	.	.	PUNCT
ajeer-251	342	1	economic	economic	ADJ
ajeer-251	342	2	liberalization	liberalization	NOUN
ajeer-251	342	3	and	and	CCONJ
ajeer-251	342	4	economic	economic	ADJ
ajeer-251	342	5	growth	growth	NOUN
ajeer-251	342	6	:	:	PUNCT
ajeer-251	342	7	an	an	DET
ajeer-251	342	8	empirical	empirical	ADJ
ajeer-251	342	9	analysis	analysis	NOUN
ajeer-251	342	10	of	of	ADP
ajeer-251	342	11	pakistan	pakistan	PROPN
ajeer-251	342	12	.	.	PUNCT
ajeer-251	343	1	asian	asian	ADJ
ajeer-251	343	2	economic	economic	ADJ
ajeer-251	343	3	and	and	CCONJ
ajeer-251	343	4	financial	financial	ADJ
ajeer-251	343	5	review	review	NOUN
ajeer-251	343	6	,	,	PUNCT
ajeer-251	343	7	7(12	7(12	NUM
ajeer-251	343	8	):	):	PUNCT
ajeer-251	343	9	1256	1256	NUM
ajeer-251	343	10	-	-	SYM
ajeer-251	343	11	1302	1302	NUM
ajeer-251	343	12	.	.	PUNCT
ajeer-251	344	1	view	view	NOUN
ajeer-251	344	2	at	at	ADP
ajeer-251	344	3	google	google	PROPN
ajeer-251	344	4	scholar	scholar	NOUN
ajeer-251	344	5	|	|	ADV
ajeer-251	344	6	view	view	NOUN
ajeer-251	344	7	at	at	ADP
ajeer-251	344	8	publisher	publisher	PROPN
ajeer-251	344	9	jenkins	jenkins	PROPN
ajeer-251	344	10	,	,	PUNCT
ajeer-251	344	11	c.	c.	PROPN
ajeer-251	344	12	,	,	PUNCT
ajeer-251	344	13	1998	1998	NUM
ajeer-251	344	14	.	.	PUNCT
ajeer-251	345	1	determinants	determinant	NOUN
ajeer-251	345	2	of	of	ADP
ajeer-251	345	3	private	private	ADJ
ajeer-251	345	4	investment	investment	NOUN
ajeer-251	345	5	in	in	ADP
ajeer-251	345	6	zimbabwe	zimbabwe	PROPN
ajeer-251	345	7	.	.	PUNCT
ajeer-251	346	1	journal	journal	PROPN
ajeer-251	346	2	of	of	ADP
ajeer-251	346	3	african	african	ADJ
ajeer-251	346	4	economies	economy	NOUN
ajeer-251	346	5	,	,	PUNCT
ajeer-251	346	6	7(1	7(1	NUM
ajeer-251	346	7	):	):	PUNCT
ajeer-251	346	8	34	34	NUM
ajeer-251	346	9	-	-	SYM
ajeer-251	346	10	61	61	NUM
ajeer-251	346	11	.	.	PUNCT
ajeer-251	347	1	view	view	NOUN
ajeer-251	347	2	at	at	ADP
ajeer-251	347	3	google	google	PROPN
ajeer-251	347	4	scholar	scholar	NOUN
ajeer-251	347	5	|	|	ADV
ajeer-251	347	6	view	view	NOUN
ajeer-251	347	7	at	at	ADP
ajeer-251	347	8	publisher	publisher	PROPN
ajeer-251	347	9	johansen	johansen	PROPN
ajeer-251	347	10	,	,	PUNCT
ajeer-251	347	11	s.	s.	PROPN
ajeer-251	347	12	,	,	PUNCT
ajeer-251	347	13	1991	1991	NUM
ajeer-251	347	14	.	.	PUNCT
ajeer-251	348	1	estimation	estimation	NOUN
ajeer-251	348	2	and	and	CCONJ
ajeer-251	348	3	hypothesis	hypothesis	NOUN
ajeer-251	348	4	testing	testing	NOUN
ajeer-251	348	5	of	of	ADP
ajeer-251	348	6	cointegration	cointegration	NOUN
ajeer-251	348	7	vectors	vector	NOUN
ajeer-251	348	8	in	in	ADP
ajeer-251	348	9	gaussian	gaussian	ADJ
ajeer-251	348	10	vector	vector	NOUN
ajeer-251	348	11	autoregressive	autoregressive	ADJ
ajeer-251	348	12	models	model	NOUN
ajeer-251	348	13	.	.	PUNCT
ajeer-251	349	1	econometrica	econometrica	PROPN
ajeer-251	349	2	,	,	PUNCT
ajeer-251	349	3	59(6	59(6	NUM
ajeer-251	349	4	):	):	PUNCT
ajeer-251	349	5	1551	1551	NUM
ajeer-251	349	6	-	-	SYM
ajeer-251	349	7	1580	1580	NUM
ajeer-251	349	8	.	.	PUNCT
ajeer-251	350	1	view	view	NOUN
ajeer-251	350	2	at	at	ADP
ajeer-251	350	3	google	google	PROPN
ajeer-251	350	4	scholar	scholar	NOUN
ajeer-251	350	5	|	|	ADV
ajeer-251	350	6	view	view	NOUN
ajeer-251	350	7	at	at	ADP
ajeer-251	350	8	publisher	publisher	PROPN
ajeer-251	350	9	johansen	johansen	PROPN
ajeer-251	350	10	,	,	PUNCT
ajeer-251	350	11	s.	s.	PROPN
ajeer-251	350	12	,	,	PUNCT
ajeer-251	350	13	1995	1995	NUM
ajeer-251	350	14	.	.	PUNCT
ajeer-251	351	1	a	a	DET
ajeer-251	351	2	statistical	statistical	ADJ
ajeer-251	351	3	analysis	analysis	NOUN
ajeer-251	351	4	of	of	ADP
ajeer-251	351	5	cointegration	cointegration	NOUN
ajeer-251	351	6	for	for	ADP
ajeer-251	351	7	i	i	PRON
ajeer-251	351	8	(	(	PUNCT
ajeer-251	351	9	2	2	X
ajeer-251	351	10	)	)	PUNCT
ajeer-251	351	11	variables	variable	NOUN
ajeer-251	351	12	.	.	PUNCT
ajeer-251	352	1	econometric	econometric	PROPN
ajeer-251	352	2	theory	theory	NOUN
ajeer-251	352	3	,	,	PUNCT
ajeer-251	352	4	11(1	11(1	NUM
ajeer-251	352	5	):	):	PUNCT
ajeer-251	352	6	25	25	NUM
ajeer-251	352	7	-	-	SYM
ajeer-251	352	8	59	59	NUM
ajeer-251	352	9	.	.	PUNCT
ajeer-251	353	1	view	view	NOUN
ajeer-251	353	2	at	at	ADP
ajeer-251	353	3	google	google	PROPN
ajeer-251	353	4	scholar	scholar	NOUN
ajeer-251	353	5	|	|	ADV
ajeer-251	353	6	view	view	NOUN
ajeer-251	353	7	at	at	ADP
ajeer-251	353	8	publisher	publisher	NOUN
ajeer-251	353	9	jongwanich	jongwanich	NOUN
ajeer-251	353	10	,	,	PUNCT
ajeer-251	353	11	j.	j.	PROPN
ajeer-251	353	12	and	and	CCONJ
ajeer-251	353	13	a.	a.	NOUN
ajeer-251	353	14	kohpaiboon	kohpaiboon	NOUN
ajeer-251	353	15	,	,	PUNCT
ajeer-251	353	16	2008	2008	NUM
ajeer-251	353	17	.	.	PUNCT
ajeer-251	354	1	private	private	ADJ
ajeer-251	354	2	investment	investment	NOUN
ajeer-251	354	3	:	:	PUNCT
ajeer-251	354	4	trends	trend	NOUN
ajeer-251	354	5	and	and	CCONJ
ajeer-251	354	6	determinants	determinant	NOUN
ajeer-251	354	7	in	in	ADP
ajeer-251	354	8	thailand	thailand	PROPN
ajeer-251	354	9	.	.	PUNCT
ajeer-251	355	1	world	world	PROPN
ajeer-251	355	2	development	development	PROPN
ajeer-251	355	3	,	,	PUNCT
ajeer-251	355	4	36(10	36(10	NUM
ajeer-251	355	5	):	):	PUNCT
ajeer-251	355	6	1709	1709	NUM
ajeer-251	355	7	-	-	SYM
ajeer-251	355	8	1724	1724	NUM
ajeer-251	355	9	.	.	PUNCT
ajeer-251	356	1	view	view	NOUN
ajeer-251	356	2	at	at	ADP
ajeer-251	356	3	google	google	PROPN
ajeer-251	356	4	scholar	scholar	NOUN
ajeer-251	356	5	|	|	ADV
ajeer-251	356	6	view	view	NOUN
ajeer-251	356	7	at	at	ADP
ajeer-251	356	8	publisher	publisher	PROPN
ajeer-251	356	9	jorgenson	jorgenson	PROPN
ajeer-251	356	10	,	,	PUNCT
ajeer-251	356	11	d.	d.	PROPN
ajeer-251	356	12	,	,	PUNCT
ajeer-251	356	13	1967	1967	NUM
ajeer-251	356	14	.	.	PUNCT
ajeer-251	357	1	the	the	DET
ajeer-251	357	2	theory	theory	NOUN
ajeer-251	357	3	of	of	ADP
ajeer-251	357	4	investment	investment	NOUN
ajeer-251	357	5	behavior	behavior	NOUN
ajeer-251	357	6	.	.	PUNCT
ajeer-251	358	1	in	in	ADP
ajeer-251	358	2	determinants	determinant	NOUN
ajeer-251	358	3	of	of	ADP
ajeer-251	358	4	investment	investment	NOUN
ajeer-251	358	5	behavior	behavior	NOUN
ajeer-251	358	6	.	.	PUNCT
ajeer-251	359	1	nber	nber	PROPN
ajeer-251	359	2	:	:	PUNCT
ajeer-251	359	3	129	129	NUM
ajeer-251	359	4	-	-	SYM
ajeer-251	359	5	175	175	NUM
ajeer-251	359	6	.	.	PUNCT
ajeer-251	360	1	krueger	krueger	PROPN
ajeer-251	360	2	,	,	PUNCT
ajeer-251	360	3	a.o	a.o	PROPN
ajeer-251	360	4	.	.	PROPN
ajeer-251	360	5	,	,	PUNCT
ajeer-251	360	6	1978	1978	NUM
ajeer-251	360	7	.	.	PUNCT
ajeer-251	361	1	foreign	foreign	ADJ
ajeer-251	361	2	trade	trade	NOUN
ajeer-251	361	3	regimes	regime	NOUN
ajeer-251	361	4	and	and	CCONJ
ajeer-251	361	5	economic	economic	ADJ
ajeer-251	361	6	development	development	NOUN
ajeer-251	361	7	:	:	PUNCT
ajeer-251	361	8	liberalization	liberalization	NOUN
ajeer-251	361	9	attempts	attempt	NOUN
ajeer-251	361	10	and	and	CCONJ
ajeer-251	361	11	consequences	consequence	NOUN
ajeer-251	361	12	.	.	PUNCT
ajeer-251	362	1	lexington	lexington	PROPN
ajeer-251	362	2	,	,	PUNCT
ajeer-251	362	3	ma	ma	PROPN
ajeer-251	362	4	:	:	PUNCT
ajeer-251	362	5	ballinger	ballinger	PROPN
ajeer-251	362	6	press	press	PROPN
ajeer-251	362	7	for	for	ADP
ajeer-251	362	8	nber	nber	PROPN
ajeer-251	362	9	.	.	PUNCT
ajeer-251	363	1	lahiri	lahiri	PROPN
ajeer-251	363	2	,	,	PUNCT
ajeer-251	363	3	a.	a.	PROPN
ajeer-251	363	4	,	,	PUNCT
ajeer-251	363	5	2001	2001	NUM
ajeer-251	363	6	.	.	PUNCT
ajeer-251	364	1	growth	growth	NOUN
ajeer-251	364	2	and	and	CCONJ
ajeer-251	364	3	equilibrium	equilibrium	NOUN
ajeer-251	364	4	indeterminacy	indeterminacy	NOUN
ajeer-251	364	5	:	:	PUNCT
ajeer-251	364	6	the	the	DET
ajeer-251	364	7	role	role	NOUN
ajeer-251	364	8	of	of	ADP
ajeer-251	364	9	capital	capital	NOUN
ajeer-251	364	10	mobility	mobility	NOUN
ajeer-251	364	11	.	.	PUNCT
ajeer-251	365	1	economic	economic	ADJ
ajeer-251	365	2	theory	theory	NOUN
ajeer-251	365	3	,	,	PUNCT
ajeer-251	365	4	17(1	17(1	NUM
ajeer-251	365	5	):	):	PUNCT
ajeer-251	365	6	197	197	NUM
ajeer-251	365	7	-	-	SYM
ajeer-251	365	8	208	208	NUM
ajeer-251	365	9	.	.	PUNCT
ajeer-251	366	1	view	view	NOUN
ajeer-251	366	2	at	at	ADP
ajeer-251	366	3	google	google	PROPN
ajeer-251	366	4	scholar	scholar	NOUN
ajeer-251	366	5	|	|	ADV
ajeer-251	366	6	view	view	NOUN
ajeer-251	366	7	at	at	ADP
ajeer-251	366	8	publisher	publisher	NOUN
ajeer-251	366	9	lane	lane	PROPN
ajeer-251	366	10	,	,	PUNCT
ajeer-251	366	11	p.r	p.r	PROPN
ajeer-251	366	12	.	.	PROPN
ajeer-251	366	13	and	and	CCONJ
ajeer-251	366	14	g.m	g.m	PROPN
ajeer-251	366	15	.	.	PROPN
ajeer-251	366	16	milesi	milesi	PROPN
ajeer-251	366	17	-	-	PUNCT
ajeer-251	366	18	ferretti	ferretti	NOUN
ajeer-251	366	19	,	,	PUNCT
ajeer-251	366	20	2007	2007	NUM
ajeer-251	366	21	.	.	PUNCT
ajeer-251	367	1	the	the	DET
ajeer-251	367	2	external	external	ADJ
ajeer-251	367	3	wealth	wealth	NOUN
ajeer-251	367	4	of	of	ADP
ajeer-251	367	5	nations	nations	PROPN
ajeer-251	367	6	mark	mark	PROPN
ajeer-251	367	7	ii	ii	PROPN
ajeer-251	367	8	:	:	PUNCT
ajeer-251	367	9	revised	revise	VERB
ajeer-251	367	10	and	and	CCONJ
ajeer-251	367	11	extended	extended	ADJ
ajeer-251	367	12	estimates	estimate	NOUN
ajeer-251	367	13	of	of	ADP
ajeer-251	367	14	foreign	foreign	ADJ
ajeer-251	367	15	assets	asset	NOUN
ajeer-251	367	16	and	and	CCONJ
ajeer-251	367	17	liabilities	liability	NOUN
ajeer-251	367	18	,	,	PUNCT
ajeer-251	367	19	1970–2004	1970–2004	NUM
ajeer-251	367	20	.	.	PUNCT
ajeer-251	367	21	journal	journal	NOUN
ajeer-251	367	22	of	of	ADP
ajeer-251	367	23	international	international	ADJ
ajeer-251	367	24	economics	economic	NOUN
ajeer-251	367	25	,	,	PUNCT
ajeer-251	367	26	73(2	73(2	NUM
ajeer-251	367	27	):	):	PUNCT
ajeer-251	367	28	223	223	NUM
ajeer-251	367	29	-	-	SYM
ajeer-251	367	30	250	250	NUM
ajeer-251	367	31	.	.	PUNCT
ajeer-251	368	1	view	view	NOUN
ajeer-251	368	2	at	at	ADP
ajeer-251	368	3	google	google	PROPN
ajeer-251	368	4	scholar	scholar	NOUN
ajeer-251	368	5	|	|	ADV
ajeer-251	368	6	view	view	NOUN
ajeer-251	368	7	at	at	ADP
ajeer-251	368	8	publisher	publisher	PROPN
ajeer-251	368	9	levine	levine	PROPN
ajeer-251	368	10	,	,	PUNCT
ajeer-251	368	11	r.	r.	PROPN
ajeer-251	368	12	,	,	PUNCT
ajeer-251	368	13	2001	2001	NUM
ajeer-251	368	14	.	.	PUNCT
ajeer-251	369	1	international	international	ADJ
ajeer-251	369	2	financial	financial	ADJ
ajeer-251	369	3	liberalization	liberalization	NOUN
ajeer-251	369	4	and	and	CCONJ
ajeer-251	369	5	economic	economic	ADJ
ajeer-251	369	6	growth	growth	NOUN
ajeer-251	369	7	.	.	PUNCT
ajeer-251	370	1	review	review	NOUN
ajeer-251	370	2	of	of	ADP
ajeer-251	370	3	international	international	ADJ
ajeer-251	370	4	economics	economic	NOUN
ajeer-251	370	5	,	,	PUNCT
ajeer-251	370	6	9(4	9(4	NUM
ajeer-251	370	7	):	):	PUNCT
ajeer-251	370	8	688	688	NUM
ajeer-251	370	9	-	-	SYM
ajeer-251	370	10	702	702	NUM
ajeer-251	370	11	.	.	PUNCT
ajeer-251	370	12	view	view	NOUN
ajeer-251	370	13	at	at	ADP
ajeer-251	370	14	google	google	PROPN
ajeer-251	370	15	scholar	scholar	NOUN
ajeer-251	370	16	|	|	ADV
ajeer-251	370	17	view	view	NOUN
ajeer-251	370	18	at	at	ADP
ajeer-251	370	19	publisher	publisher	PROPN
ajeer-251	370	20	mackinnon	mackinnon	PROPN
ajeer-251	370	21	,	,	PUNCT
ajeer-251	370	22	j.g	j.g	PROPN
ajeer-251	370	23	.	.	PROPN
ajeer-251	370	24	,	,	PUNCT
ajeer-251	370	25	1996	1996	NUM
ajeer-251	370	26	.	.	PUNCT
ajeer-251	371	1	numerical	numerical	ADJ
ajeer-251	371	2	distribution	distribution	NOUN
ajeer-251	371	3	functions	function	NOUN
ajeer-251	371	4	for	for	ADP
ajeer-251	371	5	unit	unit	NOUN
ajeer-251	371	6	root	root	NOUN
ajeer-251	371	7	and	and	CCONJ
ajeer-251	371	8	cointegration	cointegration	NOUN
ajeer-251	371	9	tests	test	NOUN
ajeer-251	371	10	.	.	PUNCT
ajeer-251	372	1	journal	journal	NOUN
ajeer-251	372	2	of	of	ADP
ajeer-251	372	3	applied	apply	VERB
ajeer-251	372	4	econometrics	econometric	NOUN
ajeer-251	372	5	,	,	PUNCT
ajeer-251	372	6	11(6	11(6	NUM
ajeer-251	372	7	):	):	PUNCT
ajeer-251	372	8	601618	601618	NUM
ajeer-251	372	9	.	.	PUNCT
ajeer-251	373	1	view	view	NOUN
ajeer-251	373	2	at	at	ADP
ajeer-251	373	3	google	google	PROPN
ajeer-251	373	4	scholar	scholar	NOUN
ajeer-251	373	5	|	|	ADV
ajeer-251	373	6	view	view	NOUN
ajeer-251	373	7	at	at	ADP
ajeer-251	373	8	publisher	publisher	NOUN
ajeer-251	373	9	majeed	majeed	PROPN
ajeer-251	373	10	,	,	PUNCT
ajeer-251	373	11	m.t	m.t	PROPN
ajeer-251	373	12	.	.	PROPN
ajeer-251	373	13	,	,	PUNCT
ajeer-251	373	14	and	and	CCONJ
ajeer-251	373	15	s.	s.	PROPN
ajeer-251	373	16	khan	khan	PROPN
ajeer-251	373	17	,	,	PUNCT
ajeer-251	373	18	2008	2008	NUM
ajeer-251	373	19	.	.	PUNCT
ajeer-251	374	1	the	the	DET
ajeer-251	374	2	determinants	determinant	NOUN
ajeer-251	374	3	of	of	ADP
ajeer-251	374	4	private	private	ADJ
ajeer-251	374	5	investment	investment	NOUN
ajeer-251	374	6	and	and	CCONJ
ajeer-251	374	7	the	the	DET
ajeer-251	374	8	relationship	relationship	NOUN
ajeer-251	374	9	between	between	ADP
ajeer-251	374	10	public	public	ADJ
ajeer-251	374	11	and	and	CCONJ
ajeer-251	374	12	private	private	ADJ
ajeer-251	374	13	investment	investment	NOUN
ajeer-251	374	14	in	in	ADP
ajeer-251	374	15	pakistan	pakistan	PROPN
ajeer-251	374	16	.	.	PUNCT
ajeer-251	375	1	nust	nust	PROPN
ajeer-251	375	2	journal	journal	PROPN
ajeer-251	375	3	of	of	ADP
ajeer-251	375	4	business	business	NOUN
ajeer-251	375	5	and	and	CCONJ
ajeer-251	375	6	economics	economic	NOUN
ajeer-251	375	7	,	,	PUNCT
ajeer-251	375	8	1(1	1(1	NUM
ajeer-251	375	9	):	):	PUNCT
ajeer-251	375	10	41	41	NUM
ajeer-251	375	11	-	-	SYM
ajeer-251	375	12	48	48	NUM
ajeer-251	375	13	.	.	PUNCT
ajeer-251	376	1	view	view	NOUN
ajeer-251	376	2	at	at	ADP
ajeer-251	376	3	google	google	PROPN
ajeer-251	376	4	scholar	scholar	PROPN
ajeer-251	376	5	mckinnon	mckinnon	PROPN
ajeer-251	376	6	,	,	PUNCT
ajeer-251	376	7	r.i	r.i	PROPN
ajeer-251	376	8	.	.	PROPN
ajeer-251	376	9	,	,	PUNCT
ajeer-251	376	10	1973	1973	NUM
ajeer-251	376	11	.	.	PUNCT
ajeer-251	377	1	money	money	NOUN
ajeer-251	377	2	and	and	CCONJ
ajeer-251	377	3	capital	capital	NOUN
ajeer-251	377	4	in	in	ADP
ajeer-251	377	5	economic	economic	ADJ
ajeer-251	377	6	development	development	NOUN
ajeer-251	377	7	.	.	PUNCT
ajeer-251	378	1	washington	washington	PROPN
ajeer-251	378	2	,	,	PUNCT
ajeer-251	378	3	dc	dc	PROPN
ajeer-251	378	4	:	:	PUNCT
ajeer-251	378	5	brookings	brookings	PROPN
ajeer-251	378	6	institution	institution	NOUN
ajeer-251	378	7	.	.	PUNCT
ajeer-251	379	1	narayan	narayan	PROPN
ajeer-251	379	2	,	,	PUNCT
ajeer-251	379	3	p.k	p.k	PROPN
ajeer-251	379	4	.	.	PROPN
ajeer-251	379	5	,	,	PUNCT
ajeer-251	379	6	2005	2005	NUM
ajeer-251	379	7	.	.	PUNCT
ajeer-251	380	1	the	the	DET
ajeer-251	380	2	saving	saving	NOUN
ajeer-251	380	3	and	and	CCONJ
ajeer-251	380	4	investment	investment	NOUN
ajeer-251	380	5	nexus	nexus	NOUN
ajeer-251	380	6	for	for	ADP
ajeer-251	380	7	china	china	PROPN
ajeer-251	380	8	:	:	PUNCT
ajeer-251	380	9	evidence	evidence	NOUN
ajeer-251	380	10	from	from	ADP
ajeer-251	380	11	cointegration	cointegration	NOUN
ajeer-251	380	12	tests	test	NOUN
ajeer-251	380	13	.	.	PUNCT
ajeer-251	381	1	applied	apply	VERB
ajeer-251	381	2	economics	economic	NOUN
ajeer-251	381	3	,	,	PUNCT
ajeer-251	381	4	37(17	37(17	NUM
ajeer-251	381	5	):	):	PUNCT
ajeer-251	381	6	1979	1979	NUM
ajeer-251	381	7	-	-	SYM
ajeer-251	381	8	1990	1990	NUM
ajeer-251	381	9	.	.	PUNCT
ajeer-251	382	1	view	view	NOUN
ajeer-251	382	2	at	at	ADP
ajeer-251	382	3	google	google	PROPN
ajeer-251	382	4	scholar	scholar	NOUN
ajeer-251	382	5	|	|	ADV
ajeer-251	382	6	view	view	NOUN
ajeer-251	382	7	at	at	ADP
ajeer-251	382	8	publisher	publisher	NOUN
ajeer-251	382	9	pesaran	pesaran	NOUN
ajeer-251	382	10	,	,	PUNCT
ajeer-251	382	11	m.h	m.h	PROPN
ajeer-251	382	12	.	.	PROPN
ajeer-251	382	13	,	,	PUNCT
ajeer-251	382	14	y.	y.	PROPN
ajeer-251	382	15	shin	shin	PROPN
ajeer-251	382	16	and	and	CCONJ
ajeer-251	382	17	r.j	r.j	PROPN
ajeer-251	382	18	.	.	PROPN
ajeer-251	382	19	smith	smith	PROPN
ajeer-251	382	20	,	,	PUNCT
ajeer-251	382	21	2001	2001	NUM
ajeer-251	382	22	.	.	PUNCT
ajeer-251	383	1	bounds	bound	VERB
ajeer-251	383	2	testing	test	VERB
ajeer-251	383	3	approaches	approach	NOUN
ajeer-251	383	4	to	to	ADP
ajeer-251	383	5	the	the	DET
ajeer-251	383	6	analysis	analysis	NOUN
ajeer-251	383	7	of	of	ADP
ajeer-251	383	8	level	level	NOUN
ajeer-251	383	9	relationships	relationship	NOUN
ajeer-251	383	10	.	.	PUNCT
ajeer-251	384	1	journal	journal	NOUN
ajeer-251	384	2	of	of	ADP
ajeer-251	384	3	applied	applied	ADJ
ajeer-251	384	4	econometrics	econometric	NOUN
ajeer-251	384	5	,	,	PUNCT
ajeer-251	384	6	16(3	16(3	NUM
ajeer-251	384	7	):	):	PUNCT
ajeer-251	384	8	289	289	NUM
ajeer-251	384	9	-	-	SYM
ajeer-251	384	10	326	326	NUM
ajeer-251	384	11	.	.	PUNCT
ajeer-251	385	1	view	view	NOUN
ajeer-251	385	2	at	at	ADP
ajeer-251	385	3	google	google	PROPN
ajeer-251	385	4	scholar	scholar	NOUN
ajeer-251	385	5	|	|	ADV
ajeer-251	385	6	view	view	NOUN
ajeer-251	385	7	at	at	ADP
ajeer-251	385	8	publisher	publisher	NOUN
ajeer-251	385	9	razin	razin	NOUN
ajeer-251	385	10	,	,	PUNCT
ajeer-251	385	11	a.	a.	PROPN
ajeer-251	385	12	,	,	PUNCT
ajeer-251	385	13	e.	e.	PROPN
ajeer-251	385	14	sadka	sadka	PROPN
ajeer-251	385	15	and	and	CCONJ
ajeer-251	385	16	t.	t.	PROPN
ajeer-251	385	17	coury	coury	PROPN
ajeer-251	385	18	,	,	PUNCT
ajeer-251	385	19	2002	2002	NUM
ajeer-251	385	20	.	.	PUNCT
ajeer-251	386	1	trade	trade	NOUN
ajeer-251	386	2	openness	openness	NOUN
ajeer-251	386	3	and	and	CCONJ
ajeer-251	386	4	investment	investment	NOUN
ajeer-251	386	5	instability	instability	NOUN
ajeer-251	386	6	(	(	PUNCT
ajeer-251	386	7	working	working	NOUN
ajeer-251	386	8	paper	paper	NOUN
ajeer-251	386	9	no	no	INTJ
ajeer-251	386	10	.	.	PROPN
ajeer-251	386	11	8827	8827	NUM
ajeer-251	386	12	)	)	PUNCT
ajeer-251	386	13	.	.	PUNCT
ajeer-251	387	1	national	national	PROPN
ajeer-251	387	2	bureau	bureau	PROPN
ajeer-251	387	3	of	of	ADP
ajeer-251	387	4	economic	economic	ADJ
ajeer-251	387	5	research	research	NOUN
ajeer-251	387	6	.	.	PUNCT
ajeer-251	388	1	retrieved	retrieve	VERB
ajeer-251	388	2	from	from	ADP
ajeer-251	388	3	http://www.nber.org/papers/w8827	http://www.nber.org/papers/w8827	PROPN
ajeer-251	388	4	.	.	PUNCT
ajeer-251	389	1	rodrik	rodrik	PROPN
ajeer-251	389	2	,	,	PUNCT
ajeer-251	389	3	d.	d.	PROPN
ajeer-251	389	4	,	,	PUNCT
ajeer-251	389	5	1998	1998	NUM
ajeer-251	389	6	.	.	PUNCT
ajeer-251	390	1	who	who	PRON
ajeer-251	390	2	needs	need	VERB
ajeer-251	390	3	capital	capital	NOUN
ajeer-251	390	4	-	-	PUNCT
ajeer-251	390	5	account	account	NOUN
ajeer-251	390	6	convertibility	convertibility	NOUN
ajeer-251	390	7	?	?	PUNCT
ajeer-251	391	1	essays	essay	NOUN
ajeer-251	391	2	in	in	ADP
ajeer-251	391	3	international	international	ADJ
ajeer-251	391	4	finance	finance	NOUN
ajeer-251	391	5	,	,	PUNCT
ajeer-251	391	6	207	207	NUM
ajeer-251	391	7	:	:	PUNCT
ajeer-251	391	8	55	55	NUM
ajeer-251	391	9	-	-	SYM
ajeer-251	391	10	65	65	NUM
ajeer-251	391	11	.	.	PUNCT
ajeer-251	392	1	view	view	NOUN
ajeer-251	392	2	at	at	ADP
ajeer-251	392	3	google	google	PROPN
ajeer-251	392	4	scholar	scholar	PROPN
ajeer-251	392	5	saghir	saghir	PROPN
ajeer-251	392	6	,	,	PUNCT
ajeer-251	392	7	r.	r.	PROPN
ajeer-251	392	8	and	and	CCONJ
ajeer-251	392	9	a.	a.	PROPN
ajeer-251	392	10	khan	khan	PROPN
ajeer-251	392	11	,	,	PUNCT
ajeer-251	392	12	2012	2012	NUM
ajeer-251	392	13	.	.	PUNCT
ajeer-251	393	1	determinants	determinant	NOUN
ajeer-251	393	2	of	of	ADP
ajeer-251	393	3	public	public	ADJ
ajeer-251	393	4	and	and	CCONJ
ajeer-251	393	5	private	private	ADJ
ajeer-251	393	6	investment	investment	NOUN
ajeer-251	393	7	an	an	DET
ajeer-251	393	8	empirical	empirical	ADJ
ajeer-251	393	9	study	study	NOUN
ajeer-251	393	10	of	of	ADP
ajeer-251	393	11	pakistan	pakistan	PROPN
ajeer-251	393	12	.	.	PUNCT
ajeer-251	394	1	international	international	ADJ
ajeer-251	394	2	journal	journal	PROPN
ajeer-251	394	3	of	of	ADP
ajeer-251	394	4	business	business	NOUN
ajeer-251	394	5	and	and	CCONJ
ajeer-251	394	6	social	social	ADJ
ajeer-251	394	7	science	science	NOUN
ajeer-251	394	8	,	,	PUNCT
ajeer-251	394	9	3(4	3(4	NUM
ajeer-251	394	10	):	):	PUNCT
ajeer-251	394	11	183	183	NUM
ajeer-251	394	12	-	-	SYM
ajeer-251	394	13	188	188	NUM
ajeer-251	394	14	.	.	PUNCT
ajeer-251	395	1	view	view	NOUN
ajeer-251	395	2	at	at	ADP
ajeer-251	395	3	google	google	PROPN
ajeer-251	395	4	scholar	scholar	NOUN
ajeer-251	395	5	sakr	sakr	NOUN
ajeer-251	395	6	,	,	PUNCT
ajeer-251	395	7	k.	k.	PROPN
ajeer-251	395	8	,	,	PUNCT
ajeer-251	395	9	1993	1993	NUM
ajeer-251	395	10	.	.	PUNCT
ajeer-251	396	1	determinants	determinant	NOUN
ajeer-251	396	2	of	of	ADP
ajeer-251	396	3	private	private	ADJ
ajeer-251	396	4	investment	investment	NOUN
ajeer-251	396	5	in	in	ADP
ajeer-251	396	6	pakistan	pakistan	PROPN
ajeer-251	396	7	(	(	PUNCT
ajeer-251	396	8	working	working	NOUN
ajeer-251	396	9	paper	paper	NOUN
ajeer-251	396	10	no	no	INTJ
ajeer-251	396	11	.	.	PUNCT
ajeer-251	397	1	wp/93/30	wp/93/30	NOUN
ajeer-251	397	2	)	)	PUNCT
ajeer-251	397	3	.	.	PUNCT
ajeer-251	398	1	retrieved	retrieve	VERB
ajeer-251	398	2	from	from	ADP
ajeer-251	398	3	international	international	ADJ
ajeer-251	398	4	monetary	monetary	ADJ
ajeer-251	398	5	fund	fund	NOUN
ajeer-251	398	6	.	.	PUNCT
ajeer-251	399	1	retrieved	retrieve	VERB
ajeer-251	399	2	from	from	ADP
ajeer-251	399	3	http://unpan1.un.org/intradoc/groups/public/documents/apcity/unpan026318.pdf	http://unpan1.un.org/intradoc/groups/public/documents/apcity/unpan026318.pdf	PROPN
ajeer-251	399	4	.	.	PUNCT
ajeer-251	399	5	salahuddin	salahuddin	PROPN
ajeer-251	399	6	,	,	PUNCT
ajeer-251	399	7	m.	m.	NOUN
ajeer-251	399	8	,	,	PUNCT
ajeer-251	399	9	r.	r.	PROPN
ajeer-251	399	10	islam	islam	PROPN
ajeer-251	399	11	and	and	CCONJ
ajeer-251	399	12	s.	s.	PROPN
ajeer-251	399	13	salim	salim	PROPN
ajeer-251	399	14	,	,	PUNCT
ajeer-251	399	15	2009	2009	NUM
ajeer-251	399	16	.	.	PUNCT
ajeer-251	400	1	determinants	determinant	NOUN
ajeer-251	400	2	of	of	ADP
ajeer-251	400	3	investment	investment	NOUN
ajeer-251	400	4	in	in	ADP
ajeer-251	400	5	muslim	muslim	ADJ
ajeer-251	400	6	developing	develop	VERB
ajeer-251	400	7	countries	country	NOUN
ajeer-251	400	8	:	:	PUNCT
ajeer-251	400	9	an	an	DET
ajeer-251	400	10	empirical	empirical	ADJ
ajeer-251	400	11	investigation	investigation	NOUN
ajeer-251	400	12	.	.	PUNCT
ajeer-251	401	1	international	international	ADJ
ajeer-251	401	2	journal	journal	PROPN
ajeer-251	401	3	of	of	ADP
ajeer-251	401	4	economics	economic	NOUN
ajeer-251	401	5	and	and	CCONJ
ajeer-251	401	6	management	management	NOUN
ajeer-251	401	7	,	,	PUNCT
ajeer-251	401	8	3(1	3(1	NUM
ajeer-251	401	9	):	):	PUNCT
ajeer-251	401	10	100	100	NUM
ajeer-251	401	11	-	-	SYM
ajeer-251	401	12	129	129	NUM
ajeer-251	401	13	.	.	PUNCT
ajeer-251	402	1	view	view	NOUN
ajeer-251	402	2	at	at	ADP
ajeer-251	402	3	google	google	PROPN
ajeer-251	402	4	scholar	scholar	NOUN
ajeer-251	402	5	schwarz	schwarz	PROPN
ajeer-251	402	6	,	,	PUNCT
ajeer-251	402	7	a.m.	a.m.	ADV
ajeer-251	402	8	,	,	PUNCT
ajeer-251	402	9	1992	1992	NUM
ajeer-251	402	10	.	.	PUNCT
ajeer-251	403	1	how	how	SCONJ
ajeer-251	403	2	effective	effective	ADJ
ajeer-251	403	3	are	be	AUX
ajeer-251	403	4	directed	direct	VERB
ajeer-251	403	5	credit	credit	NOUN
ajeer-251	403	6	policies	policy	NOUN
ajeer-251	403	7	in	in	ADP
ajeer-251	403	8	the	the	DET
ajeer-251	403	9	united	united	PROPN
ajeer-251	403	10	states	states	PROPN
ajeer-251	403	11	?	?	PUNCT
ajeer-251	403	12	:	:	PUNCT
ajeer-251	403	13	a	a	DET
ajeer-251	403	14	literature	literature	NOUN
ajeer-251	403	15	survey	survey	NOUN
ajeer-251	403	16	(	(	PUNCT
ajeer-251	403	17	work	work	NOUN
ajeer-251	403	18	paper	paper	NOUN
ajeer-251	403	19	no	no	INTJ
ajeer-251	403	20	.	.	NOUN
ajeer-251	403	21	wps1019	wps1019	NOUN
ajeer-251	403	22	)	)	PUNCT
ajeer-251	403	23	.	.	PUNCT
ajeer-251	404	1	world	world	PROPN
ajeer-251	404	2	bank	bank	PROPN
ajeer-251	404	3	.	.	PUNCT
ajeer-251	405	1	retrieved	retrieve	VERB
ajeer-251	405	2	from	from	ADP
ajeer-251	405	3	http://documents.worldbank.org/curated/en/1992/11/699518/effective-directed-credit-policiesunited-states-literature-survey	http://documents.worldbank.org/curated/en/1992/11/699518/effective-directed-credit-policiesunited-states-literature-survey	NOUN
ajeer-251	405	4	.	.	PUNCT
ajeer-251	406	1	shaw	shaw	PROPN
ajeer-251	406	2	,	,	PUNCT
ajeer-251	406	3	e.s	e.s	PROPN
ajeer-251	406	4	.	.	PROPN
ajeer-251	406	5	,	,	PUNCT
ajeer-251	406	6	1973	1973	NUM
ajeer-251	406	7	.	.	PUNCT
ajeer-251	407	1	financial	financial	ADJ
ajeer-251	407	2	deepening	deepening	NOUN
ajeer-251	407	3	in	in	ADP
ajeer-251	407	4	economic	economic	ADJ
ajeer-251	407	5	development	development	NOUN
ajeer-251	407	6	.	.	PUNCT
ajeer-251	408	1	new	new	PROPN
ajeer-251	408	2	york	york	PROPN
ajeer-251	408	3	:	:	PUNCT
ajeer-251	408	4	oxford	oxford	PROPN
ajeer-251	408	5	university	university	PROPN
ajeer-251	408	6	press	press	NOUN
ajeer-251	408	7	.	.	PUNCT
ajeer-251	409	1	shrestha	shrestha	PROPN
ajeer-251	409	2	,	,	PUNCT
ajeer-251	409	3	m.b	m.b	PROPN
ajeer-251	409	4	.	.	PROPN
ajeer-251	409	5	and	and	CCONJ
ajeer-251	409	6	k.	k.	PROPN
ajeer-251	409	7	chowdhury	chowdhury	PROPN
ajeer-251	409	8	,	,	PUNCT
ajeer-251	409	9	2007	2007	NUM
ajeer-251	409	10	.	.	PUNCT
ajeer-251	410	1	testing	test	VERB
ajeer-251	410	2	financial	financial	ADJ
ajeer-251	410	3	liberalization	liberalization	NOUN
ajeer-251	410	4	hypothesis	hypothesis	NOUN
ajeer-251	410	5	with	with	ADP
ajeer-251	410	6	ardl	ardl	NOUN
ajeer-251	410	7	modeling	modeling	NOUN
ajeer-251	410	8	approach	approach	NOUN
ajeer-251	410	9	.	.	PUNCT
ajeer-251	411	1	applied	apply	VERB
ajeer-251	411	2	financial	financial	ADJ
ajeer-251	411	3	economics	economic	NOUN
ajeer-251	411	4	,	,	PUNCT
ajeer-251	411	5	17(18	17(18	NUM
ajeer-251	411	6	):	):	PUNCT
ajeer-251	411	7	1529	1529	NUM
ajeer-251	411	8	-	-	SYM
ajeer-251	411	9	1540	1540	NUM
ajeer-251	411	10	.	.	PUNCT
ajeer-251	412	1	view	view	NOUN
ajeer-251	412	2	at	at	ADP
ajeer-251	412	3	google	google	PROPN
ajeer-251	412	4	scholar	scholar	NOUN
ajeer-251	412	5	|	|	ADV
ajeer-251	412	6	view	view	NOUN
ajeer-251	412	7	at	at	ADP
ajeer-251	412	8	publisher	publisher	NOUN
ajeer-251	412	9	spatafora	spatafora	PROPN
ajeer-251	412	10	,	,	PUNCT
ajeer-251	412	11	m.n	m.n	PROPN
ajeer-251	412	12	.	.	PROPN
ajeer-251	412	13	,	,	PUNCT
ajeer-251	412	14	and	and	CCONJ
ajeer-251	412	15	m.o	m.o	PROPN
ajeer-251	412	16	.	.	PROPN
ajeer-251	412	17	luca	luca	PROPN
ajeer-251	412	18	,	,	PUNCT
ajeer-251	412	19	2012	2012	NUM
ajeer-251	412	20	.	.	PUNCT
ajeer-251	413	1	capital	capital	NOUN
ajeer-251	413	2	inflows	inflow	NOUN
ajeer-251	413	3	,	,	PUNCT
ajeer-251	413	4	financial	financial	ADJ
ajeer-251	413	5	development	development	NOUN
ajeer-251	413	6	,	,	PUNCT
ajeer-251	413	7	and	and	CCONJ
ajeer-251	413	8	domestic	domestic	ADJ
ajeer-251	413	9	investment	investment	NOUN
ajeer-251	413	10	:	:	PUNCT
ajeer-251	413	11	determinants	determinant	NOUN
ajeer-251	413	12	and	and	CCONJ
ajeer-251	413	13	inter	inter	NOUN
ajeer-251	413	14	-	-	NOUN
ajeer-251	413	15	relationships	relationship	NOUN
ajeer-251	413	16	(	(	PUNCT
ajeer-251	413	17	no	no	NOUN
ajeer-251	413	18	.	.	NOUN
ajeer-251	414	1	12	12	NUM
ajeer-251	414	2	-	-	SYM
ajeer-251	414	3	120	120	NUM
ajeer-251	414	4	)	)	PUNCT
ajeer-251	414	5	.	.	PUNCT
ajeer-251	415	1	international	international	ADJ
ajeer-251	415	2	monetary	monetary	ADJ
ajeer-251	415	3	fund	fund	PROPN
ajeer-251	415	4	.	.	PUNCT
ajeer-251	416	1	retrieved	retrieve	VERB
ajeer-251	416	2	from	from	ADP
ajeer-251	416	3	https://www.imf.org/external/pubs/ft/wp/2012/wp12120.pdf	https://www.imf.org/external/pubs/ft/wp/2012/wp12120.pdf	PROPN
ajeer-251	416	4	.	.	PUNCT
ajeer-251	417	1	stiglitz	stiglitz	PROPN
ajeer-251	417	2	,	,	PUNCT
ajeer-251	417	3	j.e	j.e	PROPN
ajeer-251	417	4	.	.	PROPN
ajeer-251	417	5	,	,	PUNCT
ajeer-251	417	6	1994a	1994a	NUM
ajeer-251	417	7	.	.	PUNCT
ajeer-251	418	1	economic	economic	ADJ
ajeer-251	418	2	growth	growth	NOUN
ajeer-251	418	3	revisited	revisit	VERB
ajeer-251	418	4	.	.	PUNCT
ajeer-251	419	1	industrial	industrial	ADJ
ajeer-251	419	2	and	and	CCONJ
ajeer-251	419	3	corporate	corporate	ADJ
ajeer-251	419	4	change	change	NOUN
ajeer-251	419	5	,	,	PUNCT
ajeer-251	419	6	3(1	3(1	NUM
ajeer-251	419	7	):	):	PUNCT
ajeer-251	419	8	65	65	NUM
ajeer-251	419	9	-	-	SYM
ajeer-251	419	10	110	110	NUM
ajeer-251	419	11	.	.	PUNCT
ajeer-251	420	1	view	view	NOUN
ajeer-251	420	2	at	at	ADP
ajeer-251	420	3	google	google	PROPN
ajeer-251	420	4	scholar	scholar	PROPN
ajeer-251	420	5	stiglitz	stiglitz	PROPN
ajeer-251	420	6	,	,	PUNCT
ajeer-251	420	7	j.e	j.e	PROPN
ajeer-251	420	8	.	.	PROPN
ajeer-251	420	9	,	,	PUNCT
ajeer-251	420	10	1994b	1994b	NUM
ajeer-251	420	11	.	.	PUNCT
ajeer-251	421	1	the	the	DET
ajeer-251	421	2	role	role	NOUN
ajeer-251	421	3	of	of	ADP
ajeer-251	421	4	the	the	DET
ajeer-251	421	5	state	state	NOUN
ajeer-251	421	6	in	in	ADP
ajeer-251	421	7	financial	financial	ADJ
ajeer-251	421	8	markets	market	NOUN
ajeer-251	421	9	:	:	PUNCT
ajeer-251	421	10	in	in	ADP
ajeer-251	421	11	m.	m.	PROPN
ajeer-251	421	12	bruno	bruno	PROPN
ajeer-251	421	13	and	and	CCONJ
ajeer-251	421	14	b.	b.	PROPN
ajeer-251	421	15	pleskovic	pleskovic	PROPN
ajeer-251	421	16	(	(	PUNCT
ajeer-251	421	17	eds	ed	NOUN
ajeer-251	421	18	)	)	PUNCT
ajeer-251	421	19	,	,	PUNCT
ajeer-251	421	20	proceedings	proceeding	NOUN
ajeer-251	421	21	of	of	ADP
ajeer-251	421	22	the	the	DET
ajeer-251	421	23	world	world	PROPN
ajeer-251	421	24	bank	bank	PROPN
ajeer-251	421	25	annual	annual	ADJ
ajeer-251	421	26	conference	conference	NOUN
ajeer-251	421	27	on	on	ADP
ajeer-251	421	28	development	development	NOUN
ajeer-251	421	29	economics	economic	NOUN
ajeer-251	421	30	,	,	PUNCT
ajeer-251	421	31	1993	1993	NUM
ajeer-251	421	32	:	:	PUNCT
ajeer-251	421	33	supplement	supplement	NOUN
ajeer-251	421	34	to	to	ADP
ajeer-251	421	35	the	the	DET
ajeer-251	421	36	world	world	PROPN
ajeer-251	421	37	bank	bank	PROPN
ajeer-251	421	38	economic	economic	PROPN
ajeer-251	421	39	review	review	NOUN
ajeer-251	421	40	and	and	CCONJ
ajeer-251	421	41	the	the	DET
ajeer-251	421	42	world	world	PROPN
ajeer-251	421	43	bank	bank	PROPN
ajeer-251	421	44	research	research	PROPN
ajeer-251	421	45	observer	observer	PROPN
ajeer-251	421	46	.	.	PUNCT
ajeer-251	422	1	washington	washington	PROPN
ajeer-251	422	2	,	,	PUNCT
ajeer-251	422	3	dc	dc	PROPN
ajeer-251	422	4	:	:	PUNCT
ajeer-251	422	5	world	world	PROPN
ajeer-251	422	6	bank	bank	PROPN
ajeer-251	422	7	.	.	PUNCT
ajeer-251	423	1	pp	pp	ADP
ajeer-251	423	2	:	:	PUNCT
ajeer-251	423	3	19–52	19–52	NUM
ajeer-251	423	4	.	.	PUNCT
ajeer-251	424	1	stiglitz	stiglitz	PROPN
ajeer-251	424	2	,	,	PUNCT
ajeer-251	424	3	j.e	j.e	PROPN
ajeer-251	424	4	.	.	PROPN
ajeer-251	424	5	,	,	PUNCT
ajeer-251	424	6	2000	2000	NUM
ajeer-251	424	7	.	.	PUNCT
ajeer-251	425	1	capital	capital	NOUN
ajeer-251	425	2	market	market	NOUN
ajeer-251	425	3	liberalization	liberalization	NOUN
ajeer-251	425	4	,	,	PUNCT
ajeer-251	425	5	economic	economic	ADJ
ajeer-251	425	6	growth	growth	NOUN
ajeer-251	425	7	,	,	PUNCT
ajeer-251	425	8	and	and	CCONJ
ajeer-251	425	9	instability	instability	NOUN
ajeer-251	425	10	.	.	PUNCT
ajeer-251	426	1	world	world	NOUN
ajeer-251	426	2	development	development	PROPN
ajeer-251	426	3	,	,	PUNCT
ajeer-251	426	4	28(6	28(6	NUM
ajeer-251	426	5	):	):	PUNCT
ajeer-251	426	6	1075	1075	NUM
ajeer-251	426	7	-	-	SYM
ajeer-251	426	8	1086	1086	NUM
ajeer-251	426	9	.	.	PUNCT
ajeer-251	427	1	view	view	NOUN
ajeer-251	427	2	at	at	ADP
ajeer-251	427	3	google	google	PROPN
ajeer-251	427	4	scholar	scholar	NOUN
ajeer-251	427	5	|	|	ADV
ajeer-251	427	6	view	view	NOUN
ajeer-251	427	7	at	at	ADP
ajeer-251	427	8	publisher	publisher	PROPN
ajeer-251	427	9	stiglitz	stiglitz	PROPN
ajeer-251	427	10	,	,	PUNCT
ajeer-251	427	11	j.e	j.e	PROPN
ajeer-251	427	12	.	.	PROPN
ajeer-251	427	13	and	and	CCONJ
ajeer-251	427	14	a.	a.	NOUN
ajeer-251	427	15	weiss	weiss	PROPN
ajeer-251	427	16	,	,	PUNCT
ajeer-251	427	17	1981	1981	NUM
ajeer-251	427	18	.	.	PUNCT
ajeer-251	428	1	credit	credit	NOUN
ajeer-251	428	2	rationing	ration	VERB
ajeer-251	428	3	in	in	ADP
ajeer-251	428	4	markets	market	NOUN
ajeer-251	428	5	with	with	ADP
ajeer-251	428	6	imperfect	imperfect	ADJ
ajeer-251	428	7	information	information	NOUN
ajeer-251	428	8	.	.	PUNCT
ajeer-251	429	1	american	american	PROPN
ajeer-251	429	2	economic	economic	PROPN
ajeer-251	429	3	review	review	PROPN
ajeer-251	429	4	,	,	PUNCT
ajeer-251	429	5	71(3	71(3	NUM
ajeer-251	429	6	):	):	PUNCT
ajeer-251	429	7	393–410	393–410	NUM
ajeer-251	429	8	.	.	PUNCT
ajeer-251	430	1	view	view	NOUN
ajeer-251	430	2	at	at	ADP
ajeer-251	430	3	google	google	PROPN
ajeer-251	430	4	scholar	scholar	NOUN
ajeer-251	430	5	sundararajan	sundararajan	NOUN
ajeer-251	430	6	,	,	PUNCT
ajeer-251	430	7	v.	v.	PROPN
ajeer-251	430	8	and	and	CCONJ
ajeer-251	430	9	s.	s.	PROPN
ajeer-251	430	10	thakur	thakur	PROPN
ajeer-251	430	11	,	,	PUNCT
ajeer-251	430	12	1980	1980	NUM
ajeer-251	430	13	.	.	PUNCT
ajeer-251	431	1	public	public	ADJ
ajeer-251	431	2	investment	investment	NOUN
ajeer-251	431	3	,	,	PUNCT
ajeer-251	431	4	crowding	crowd	VERB
ajeer-251	431	5	out	out	ADV
ajeer-251	431	6	,	,	PUNCT
ajeer-251	431	7	and	and	CCONJ
ajeer-251	431	8	growth	growth	NOUN
ajeer-251	431	9	:	:	PUNCT
ajeer-251	431	10	a	a	DET
ajeer-251	431	11	dynamic	dynamic	ADJ
ajeer-251	431	12	model	model	NOUN
ajeer-251	431	13	applied	apply	VERB
ajeer-251	431	14	to	to	ADP
ajeer-251	431	15	india	india	PROPN
ajeer-251	431	16	and	and	CCONJ
ajeer-251	431	17	korea	korea	PROPN
ajeer-251	431	18	.	.	PUNCT
ajeer-251	432	1	staff	staff	NOUN
ajeer-251	432	2	papers	paper	NOUN
ajeer-251	432	3	,	,	PUNCT
ajeer-251	432	4	27(4	27(4	PROPN
ajeer-251	432	5	):	):	PUNCT
ajeer-251	432	6	814	814	NUM
ajeer-251	432	7	-	-	SYM
ajeer-251	432	8	855	855	NUM
ajeer-251	432	9	.	.	PUNCT
ajeer-251	433	1	view	view	NOUN
ajeer-251	433	2	at	at	ADP
ajeer-251	433	3	google	google	PROPN
ajeer-251	433	4	scholar	scholar	NOUN
ajeer-251	433	5	|	|	ADV
ajeer-251	433	6	view	view	NOUN
ajeer-251	433	7	at	at	ADP
ajeer-251	433	8	publisher	publisher	PROPN
ajeer-251	433	9	taylor	taylor	PROPN
ajeer-251	433	10	,	,	PUNCT
ajeer-251	433	11	l.	l.	PROPN
ajeer-251	433	12	,	,	PUNCT
ajeer-251	433	13	1983	1983	NUM
ajeer-251	433	14	.	.	PUNCT
ajeer-251	434	1	structuralist	structuralist	ADJ
ajeer-251	434	2	macroeconomics	macroeconomic	NOUN
ajeer-251	434	3	:	:	PUNCT
ajeer-251	434	4	applicable	applicable	ADJ
ajeer-251	434	5	models	model	NOUN
ajeer-251	434	6	for	for	ADP
ajeer-251	434	7	the	the	DET
ajeer-251	434	8	third	third	ADJ
ajeer-251	434	9	world	world	NOUN
ajeer-251	434	10	.	.	PUNCT
ajeer-251	435	1	new	new	PROPN
ajeer-251	435	2	york	york	PROPN
ajeer-251	435	3	:	:	PUNCT
ajeer-251	435	4	basic	basic	ADJ
ajeer-251	435	5	books	book	NOUN
ajeer-251	435	6	.	.	PUNCT
ajeer-251	436	1	van	van	PROPN
ajeer-251	436	2	wijnbergen	wijnbergen	PROPN
ajeer-251	436	3	,	,	PUNCT
ajeer-251	436	4	s.	s.	PROPN
ajeer-251	436	5	,	,	PUNCT
ajeer-251	436	6	1982	1982	NUM
ajeer-251	436	7	.	.	PUNCT
ajeer-251	437	1	stagflationary	stagflationary	ADJ
ajeer-251	437	2	effects	effect	NOUN
ajeer-251	437	3	of	of	ADP
ajeer-251	437	4	monetary	monetary	ADJ
ajeer-251	437	5	stabilization	stabilization	NOUN
ajeer-251	437	6	policies	policy	NOUN
ajeer-251	437	7	:	:	PUNCT
ajeer-251	437	8	a	a	DET
ajeer-251	437	9	quantitative	quantitative	ADJ
ajeer-251	437	10	analysis	analysis	NOUN
ajeer-251	437	11	of	of	ADP
ajeer-251	437	12	south	south	PROPN
ajeer-251	437	13	korea	korea	PROPN
ajeer-251	437	14	.	.	PUNCT
ajeer-251	438	1	journal	journal	PROPN
ajeer-251	438	2	of	of	ADP
ajeer-251	438	3	development	development	NOUN
ajeer-251	438	4	economics	economic	NOUN
ajeer-251	438	5	,	,	PUNCT
ajeer-251	438	6	10(2	10(2	NUM
ajeer-251	438	7	):	):	PUNCT
ajeer-251	438	8	133	133	NUM
ajeer-251	438	9	-	-	SYM
ajeer-251	438	10	169	169	NUM
ajeer-251	438	11	.	.	PUNCT
ajeer-251	439	1	view	view	NOUN
ajeer-251	439	2	at	at	ADP
ajeer-251	439	3	google	google	PROPN
ajeer-251	439	4	scholar	scholar	NOUN
ajeer-251	439	5	|	|	ADV
ajeer-251	439	6	view	view	NOUN
ajeer-251	439	7	at	at	ADP
ajeer-251	439	8	publisher	publisher	NOUN
ajeer-251	439	9	wacziarg	wacziarg	NOUN
ajeer-251	439	10	,	,	PUNCT
ajeer-251	439	11	r.	r.	PROPN
ajeer-251	439	12	and	and	CCONJ
ajeer-251	439	13	k.h	k.h	PROPN
ajeer-251	439	14	.	.	PROPN
ajeer-251	439	15	welch	welch	PROPN
ajeer-251	439	16	,	,	PUNCT
ajeer-251	439	17	2008	2008	NUM
ajeer-251	439	18	.	.	PUNCT
ajeer-251	440	1	trade	trade	NOUN
ajeer-251	440	2	liberalization	liberalization	NOUN
ajeer-251	440	3	and	and	CCONJ
ajeer-251	440	4	growth	growth	NOUN
ajeer-251	440	5	:	:	PUNCT
ajeer-251	440	6	new	new	ADJ
ajeer-251	440	7	evidence	evidence	NOUN
ajeer-251	440	8	.	.	PUNCT
ajeer-251	441	1	world	world	PROPN
ajeer-251	441	2	bank	bank	PROPN
ajeer-251	441	3	economic	economic	PROPN
ajeer-251	441	4	review	review	PROPN
ajeer-251	441	5	,	,	PUNCT
ajeer-251	441	6	22(2	22(2	NUM
ajeer-251	441	7	):	):	PUNCT
ajeer-251	441	8	187	187	NUM
ajeer-251	441	9	-	-	SYM
ajeer-251	441	10	231	231	NUM
ajeer-251	441	11	.	.	PUNCT
ajeer-251	442	1	view	view	NOUN
ajeer-251	442	2	at	at	ADP
ajeer-251	442	3	google	google	PROPN
ajeer-251	442	4	scholar	scholar	NOUN
ajeer-251	442	5	|	|	ADV
ajeer-251	442	6	view	view	NOUN
ajeer-251	442	7	at	at	ADP
ajeer-251	442	8	publisher	publisher	NOUN
ajeer-251	442	9	zebib	zebib	NOUN
ajeer-251	442	10	,	,	PUNCT
ajeer-251	442	11	m.	m.	NOUN
ajeer-251	442	12	and	and	CCONJ
ajeer-251	442	13	m.	m.	NOUN
ajeer-251	442	14	muoghalu	muoghalu	NOUN
ajeer-251	442	15	,	,	PUNCT
ajeer-251	442	16	1997	1997	NUM
ajeer-251	442	17	.	.	PUNCT
ajeer-251	443	1	dynamic	dynamic	ADJ
ajeer-251	443	2	nature	nature	NOUN
ajeer-251	443	3	of	of	ADP
ajeer-251	443	4	private	private	ADJ
ajeer-251	443	5	investment	investment	NOUN
ajeer-251	443	6	function	function	NOUN
ajeer-251	443	7	and	and	CCONJ
ajeer-251	443	8	its	its	PRON
ajeer-251	443	9	determinants	determinant	NOUN
ajeer-251	443	10	in	in	ADP
ajeer-251	443	11	developing	develop	VERB
ajeer-251	443	12	countries	country	NOUN
ajeer-251	443	13	.	.	PUNCT
ajeer-251	444	1	studies	study	NOUN
ajeer-251	444	2	in	in	ADP
ajeer-251	444	3	economics	economic	NOUN
ajeer-251	444	4	and	and	CCONJ
ajeer-251	444	5	finance	finance	NOUN
ajeer-251	444	6	,	,	PUNCT
ajeer-251	444	7	18(1	18(1	NUM
ajeer-251	444	8	):	):	PUNCT
ajeer-251	444	9	100	100	NUM
ajeer-251	444	10	-	-	SYM
ajeer-251	444	11	110	110	NUM
ajeer-251	444	12	.	.	PUNCT
ajeer-251	445	1	view	view	NOUN
ajeer-251	445	2	at	at	ADP
ajeer-251	445	3	google	google	PROPN
ajeer-251	445	4	scholar	scholar	NOUN
ajeer-251	445	5	|	|	ADV
ajeer-251	445	6	view	view	NOUN
ajeer-251	445	7	at	at	ADP
ajeer-251	445	8	publisher	publisher	NOUN
ajeer-251	445	9	asian	asian	PROPN
ajeer-251	445	10	online	online	PROPN
ajeer-251	445	11	journal	journal	PROPN
ajeer-251	445	12	publishing	publishing	NOUN
ajeer-251	445	13	group	group	NOUN
ajeer-251	445	14	is	be	AUX
ajeer-251	445	15	not	not	PART
ajeer-251	445	16	responsible	responsible	ADJ
ajeer-251	445	17	or	or	CCONJ
ajeer-251	445	18	answerable	answerable	ADJ
ajeer-251	445	19	for	for	ADP
ajeer-251	445	20	any	any	DET
ajeer-251	445	21	loss	loss	NOUN
ajeer-251	445	22	,	,	PUNCT
ajeer-251	445	23	damage	damage	NOUN
ajeer-251	445	24	or	or	CCONJ
ajeer-251	445	25	liability	liability	NOUN
ajeer-251	445	26	,	,	PUNCT
ajeer-251	445	27	etc	etc	X
ajeer-251	445	28	.	.	X
ajeer-251	445	29	caused	cause	VERB
ajeer-251	445	30	in	in	ADP
ajeer-251	445	31	relation	relation	NOUN
ajeer-251	445	32	to	to	PART
ajeer-251	445	33	/	/	PUNCT
ajeer-251	445	34	arising	arise	VERB
ajeer-251	445	35	out	out	ADP
ajeer-251	445	36	of	of	ADP
ajeer-251	445	37	the	the	DET
ajeer-251	445	38	use	use	NOUN
ajeer-251	445	39	of	of	ADP
ajeer-251	445	40	the	the	DET
ajeer-251	445	41	content	content	NOUN
ajeer-251	445	42	.	.	PUNCT
ajeer-251	446	1	any	any	DET
ajeer-251	446	2	queries	query	NOUN
ajeer-251	446	3	should	should	AUX
ajeer-251	446	4	be	be	AUX
ajeer-251	446	5	directed	direct	VERB
ajeer-251	446	6	to	to	ADP
ajeer-251	446	7	the	the	DET
ajeer-251	446	8	corresponding	corresponding	ADJ
ajeer-251	446	9	author	author	NOUN
ajeer-251	446	10	of	of	ADP
ajeer-251	446	11	the	the	DET
ajeer-251	446	12	article	article	NOUN
ajeer-251	446	13	.	.	PUNCT
ajeer-251	447	1	https://scholar.google.com/scholar?hl=en&q=what%20matters%20for%20financial%20development?%20capital%20controls,%20institutions,%20and%20interactions	https://scholar.google.com/scholar?hl=en&q=what%20matters%20for%20financial%20development?%20capital%20controls,%20institutions,%20and%20interaction	NOUN
ajeer-251	448	1	http://dx.doi.org/10.1016/j.jdeveco.2005.05.010	http://dx.doi.org/10.1016/j.jdeveco.2005.05.010	PROPN
ajeer-251	448	2	https://scholar.google.com/scholar?hl=en&q=constraints%20on%20bank%20choices%20and%20financial%20repression%20in%20less%20developed%20countries	https://scholar.google.com/scholar?hl=en&q=constraints%20on%20bank%20choices%20and%20financial%20repression%20in%20less%20developed%20countrie	VERB
ajeer-251	448	3	http://dx.doi.org/10.1111/j.1468-0084.1984.mp46004005.x	http://dx.doi.org/10.1111/j.1468-0084.1984.mp46004005.x	PROPN
ajeer-251	448	4	http://www.brunel.ac.uk/__data/assets/pdf_file/0019/82126/0933.pdf	http://www.brunel.ac.uk/__data/assets/pdf_file/0019/82126/0933.pdf	PROPN
ajeer-251	448	5	https://scholar.google.com/scholar?hl=en&q=distribution%20of%20the%20estimators%20for%20autoregressive%20time%20series%20with%20a%20unit%20root	https://scholar.google.com/scholar?hl=en&q=distribution%20of%20the%20estimators%20for%20autoregressive%20time%20series%20with%20a%20unit%20root	PROPN
ajeer-251	449	1	http://dx.doi.org/10.2307/2286348	http://dx.doi.org/10.2307/2286348	PROPN
ajeer-251	449	2	https://scholar.google.com/scholar?hl=en&q=co-integration%20and%20error%20correction:%20representation,%20estimation,%20and%20testing	https://scholar.google.com/scholar?hl=en&q=co-integration%20and%20error%20correction:%20representation,%20estimation,%20and%20teste	VERB
ajeer-251	449	3	http://dx.doi.org/10.2307/1913236	http://dx.doi.org/10.2307/1913236	PROPN
ajeer-251	449	4	https://scholar.google.com/scholar?hl=en&q=trade%20liberalization%20and%20investment%20in%20a%20multilateral%20framework	https://scholar.google.com/scholar?hl=en&q=trade%20liberalization%20and%20investment%20in%20a%20multilateral%20framework	PROPN
ajeer-251	449	5	https://scholar.google.com/scholar?hl=en&q=private%20investment%20in%20developing%20countries:%20an%20empirical%20analysis	https://scholar.google.com/scholar?hl=en&q=private%20investment%20in%20developing%20countries:%20an%20empirical%20analysis	PROPN
ajeer-251	449	6	https://scholar.google.com/scholar?hl=en&q=private%20investment%20in%20developing%20countries:%20an%20empirical%20analysis	https://scholar.google.com/scholar?hl=en&q=private%20investment%20in%20developing%20countries:%20an%20empirical%20analysis	PROPN
ajeer-251	449	7	https://scholar.google.com/scholar?hl=en&q=role%20of%20private%20investment%20in%20the%20economic%20development%20of%20pakistan	https://scholar.google.com/scholar?hl=en&q=role%20of%20private%20investment%20in%20the%20economic%20development%20of%20pakistan	PROPN
ajeer-251	449	8	https://scholar.google.com/scholar?hl=en&q=liberalization,%20moral%20hazard%20in%20banking,%20and%20prudential%20regulation:%20are%20capital%20requirements%20enough	https://scholar.google.com/scholar?hl=en&q=liberalization,%20moral%20hazard%20in%20banking,%20and%20prudential%20regulation:%20are%20capital%20requirements%20enough	PROPN
ajeer-251	449	9	?	?	PUNCT
ajeer-251	450	1	http://dx.doi.org/10.1257/aer.90.1.147	http://dx.doi.org/10.1257/aer.90.1.147	PROPN
ajeer-251	450	2	https://scholar.google.com/scholar?hl=en&q=do%20stock%20market%20liberalization%20cause%20investment%20booms	https://scholar.google.com/scholar?hl=en&q=do%20stock%20market%20liberalization%20cause%20investment%20boom	NOUN
ajeer-251	450	3	?	?	PUNCT
ajeer-251	451	1	https://scholar.google.com/scholar?hl=en&q=do%20stock%20market%20liberalization%20cause%20investment%20booms	https://scholar.google.com/scholar?hl=en&q=do%20stock%20market%20liberalization%20cause%20investment%20boom	NOUN
ajeer-251	451	2	?	?	PUNCT
ajeer-251	452	1	http://dx.doi.org/10.1016/s0304-405x(00)00073-8	http://dx.doi.org/10.1016/s0304-405x(00)00073-8	ADJ
ajeer-251	452	2	https://scholar.google.com/scholar?hl=en&q=economic%20liberalization%20and%20economic%20growth:%20an%20empirical%20analysis%20of%20pakistan	https://scholar.google.com/scholar?hl=en&q=economic%20liberalization%20and%20economic%20growth:%20an%20empirical%20analysis%20of%20pakistan	ADJ
ajeer-251	452	3	http://dx.doi.org/10.18488/journal.aefr.2017.712.1256.1302	http://dx.doi.org/10.18488/journal.aefr.2017.712.1256.1302	PRON
ajeer-251	452	4	https://scholar.google.com/scholar?hl=en&q=determinants%20of%20private%20investment%20in%20zimbabwe	https://scholar.google.com/scholar?hl=en&q=determinants%20of%20private%20investment%20in%20zimbabwe	NOUN
ajeer-251	452	5	http://dx.doi.org/10.1093/oxfordjournals.jae.a020944	http://dx.doi.org/10.1093/oxfordjournals.jae.a020944	X
ajeer-251	452	6	http://dx.doi.org/10.1093/oxfordjournals.jae.a020944	http://dx.doi.org/10.1093/oxfordjournals.jae.a020944	X
ajeer-251	452	7	https://scholar.google.com/scholar?hl=en&q=estimation%20and%20hypothesis%20testing%20of%20cointegration%20vectors%20in%20gaussian%20vector%20autoregressive%20models	https://scholar.google.com/scholar?hl=en&q=estimation%20and%20hypothesis%20testing%20of%20cointegration%20vectors%20in%20gaussian%20vector%20autoregressive%20model	NOUN
ajeer-251	452	8	http://dx.doi.org/10.2307/2938278	http://dx.doi.org/10.2307/2938278	ADJ
ajeer-251	452	9	https://scholar.google.com/scholar?hl=en&q=a%20statistical%20analysis%20of%20cointegration%20for%20i%20(2)%20variables	https://scholar.google.com/scholar?hl=en&q=a%20statistical%20analysis%20of%20cointegration%20for%20i%20(2)%20variable	NOUN
ajeer-251	452	10	http://dx.doi.org/10.1017/s0266466600009026	http://dx.doi.org/10.1017/s0266466600009026	X
ajeer-251	452	11	http://dx.doi.org/10.1017/s0266466600009026	http://dx.doi.org/10.1017/s0266466600009026	PROPN
ajeer-251	452	12	https://scholar.google.com/scholar?hl=en&q=private%20investment:%20trends%20and%20determinants%20in%20thailand	https://scholar.google.com/scholar?hl=en&q=private%20investment:%20trends%20and%20determinants%20in%20thailand	VERB
ajeer-251	452	13	http://dx.doi.org/10.1016/j.worlddev.2008.01.010	http://dx.doi.org/10.1016/j.worlddev.2008.01.010	PROPN
ajeer-251	452	14	https://scholar.google.com/scholar?hl=en&q=growth%20and%20equilibrium%20indeterminacy:%20the%20role%20of%20capital%20mobility	https://scholar.google.com/scholar?hl=en&q=growth%20and%20equilibrium%20indeterminacy:%20the%20role%20of%20capital%20mobility	PROPN
ajeer-251	452	15	http://dx.doi.org/10.1007/pl00004097	http://dx.doi.org/10.1007/pl00004097	PROPN
ajeer-251	452	16	https://scholar.google.com/scholar?hl=en&q=the%20external%20wealth%20of%20nations%20mark%20ii:%20revised%20and%20extended%20estimates%20of%20foreign%20assets%20and%20liabilities,%201970–2004	https://scholar.google.com/scholar?hl=en&q=the%20external%20wealth%20of%20nations%20mark%20ii:%20revised%20and%20extended%20estimates%20of%20foreign%20assets%20and%20liabilities,%201970–2004	VERB
ajeer-251	452	17	http://dx.doi.org/10.1016/j.jinteco.2007.02.003	http://dx.doi.org/10.1016/j.jinteco.2007.02.003	PROPN
ajeer-251	452	18	https://scholar.google.com/scholar?hl=en&q=international%20financial%20liberalization%20and%20economic%20growth	https://scholar.google.com/scholar?hl=en&q=international%20financial%20liberalization%20and%20economic%20growth	NOUN
ajeer-251	452	19	https://scholar.google.com/scholar?hl=en&q=international%20financial%20liberalization%20and%20economic%20growth	https://scholar.google.com/scholar?hl=en&q=international%20financial%20liberalization%20and%20economic%20growth	NOUN
ajeer-251	452	20	http://dx.doi.org/10.1111/1467-9396.00307	http://dx.doi.org/10.1111/1467-9396.00307	PRON
ajeer-251	452	21	https://scholar.google.com/scholar?hl=en&q=numerical%20distribution%20functions%20for%20unit%20root%20and%20cointegration%20tests	https://scholar.google.com/scholar?hl=en&q=numerical%20distribution%20functions%20for%20unit%20root%20and%20cointegration%20test	VERB
ajeer-251	452	22	http://dx.doi.org/10.1002/(sici)1099-1255(199611)11:6%3c601::aid-jae417%3e3.0.co;2-t	http://dx.doi.org/10.1002/(sici)1099-1255(199611)11:6%3c601::aid-jae417%3e3.0.co;2-t	X
ajeer-251	452	23	https://scholar.google.com/scholar?hl=en&q=the%20determinants%20of%20private%20investment%20and%20the%20relationship%20between%20public%20and%20private%20investment%20in%20pakistan	https://scholar.google.com/scholar?hl=en&q=the%20determinants%20of%20private%20investment%20and%20the%20relationship%20between%20public%20and%20private%20investment%20in%20pakistan	PROPN
ajeer-251	452	24	https://scholar.google.com/scholar?hl=en&q=the%20saving%20and%20investment%20nexus%20for%20china:%20evidence%20from%20cointegration%20tests	https://scholar.google.com/scholar?hl=en&q=the%20saving%20and%20investment%20nexus%20for%20china:%20evidence%20from%20cointegration%20test	NOUN
ajeer-251	452	25	http://dx.doi.org/10.1080/00036840500278103	http://dx.doi.org/10.1080/00036840500278103	VERB
ajeer-251	452	26	https://scholar.google.com/scholar?hl=en&q=bounds%20testing%20approaches%20to%20the%20analysis%20of%20level%20relationships	https://scholar.google.com/scholar?hl=en&q=bounds%20testing%20approaches%20to%20the%20analysis%20of%20level%20relationship	NOUN
ajeer-251	452	27	http://dx.doi.org/10.1002/jae.616	http://dx.doi.org/10.1002/jae.616	PROPN
ajeer-251	452	28	http://www.nber.org/papers/w8827	http://www.nber.org/papers/w8827	PROPN
ajeer-251	452	29	https://scholar.google.com/scholar?hl=en&q=who%20needs%20capital-account%20convertibility	https://scholar.google.com/scholar?hl=en&q=who%20needs%20capital-account%20convertibility	PROPN
ajeer-251	452	30	?	?	PUNCT
ajeer-251	453	1	https://scholar.google.com/scholar?hl=en&q=determinants%20of%20public%20and%20private%20investment%20an%20empirical%20study%20of%20pakistan	https://scholar.google.com/scholar?hl=en&q=determinants%20of%20public%20and%20private%20investment%20an%20empirical%20study%20of%20pakistan	PROPN
ajeer-251	454	1	http://unpan1.un.org/intradoc/groups/public/documents/apcity/unpan026318.pdf	http://unpan1.un.org/intradoc/groups/public/documents/apcity/unpan026318.pdf	PROPN
ajeer-251	454	2	https://scholar.google.com/scholar?hl=en&q=determinants%20of%20investment%20in%20muslim%20developing%20countries:%20an%20empirical%20investigation	https://scholar.google.com/scholar?hl=en&q=determinants%20of%20investment%20in%20muslim%20developing%20countries:%20an%20empirical%20investigation	PROPN
ajeer-251	454	3	http://documents.worldbank.org/curated/en/1992/11/699518/effective-directed-credit-policies-united-states-literature-survey	http://documents.worldbank.org/curated/en/1992/11/699518/effective-directed-credit-policies-united-states-literature-survey	NOUN
ajeer-251	454	4	http://documents.worldbank.org/curated/en/1992/11/699518/effective-directed-credit-policies-united-states-literature-survey	http://documents.worldbank.org/curated/en/1992/11/699518/effective-directed-credit-policies-united-states-literature-survey	PROPN
ajeer-251	454	5	https://scholar.google.com/scholar?hl=en&q=testing%20financial%20liberalization%20hypothesis%20with%20ardl%20modeling%20approach	https://scholar.google.com/scholar?hl=en&q=testing%20financial%20liberalization%20hypothesis%20with%20ardl%20modeling%20approach	PROPN
ajeer-251	454	6	http://dx.doi.org/10.1080/09603100601007123	http://dx.doi.org/10.1080/09603100601007123	NOUN
ajeer-251	454	7	http://www.imf.org/external/pubs/ft/wp/2012/wp12120.pdf	http://www.imf.org/external/pubs/ft/wp/2012/wp12120.pdf	NOUN
ajeer-251	454	8	https://scholar.google.com/scholar?hl=en&q=economic%20growth%20revisited	https://scholar.google.com/scholar?hl=en&q=economic%20growth%20revisite	VERB
ajeer-251	454	9	https://scholar.google.com/scholar?hl=en&q=capital%20market%20liberalization,%20economic%20growth,%20and%20instability	https://scholar.google.com/scholar?hl=en&q=capital%20market%20liberalization,%20economic%20growth,%20and%20instability	NOUN
ajeer-251	454	10	https://scholar.google.com/scholar?hl=en&q=capital%20market%20liberalization,%20economic%20growth,%20and%20instability	https://scholar.google.com/scholar?hl=en&q=capital%20market%20liberalization,%20economic%20growth,%20and%20instability	NOUN
ajeer-251	454	11	http://dx.doi.org/10.1016/s0305-750x(00)00006-1	http://dx.doi.org/10.1016/s0305-750x(00)00006-1	NOUN
ajeer-251	454	12	https://scholar.google.com/scholar?hl=en&q=credit%20rationing%20in%20markets%20with%20imperfect%20information	https://scholar.google.com/scholar?hl=en&q=credit%20rationing%20in%20markets%20with%20imperfect%20information	NOUN
ajeer-251	454	13	https://scholar.google.com/scholar?hl=en&q=credit%20rationing%20in%20markets%20with%20imperfect%20information	https://scholar.google.com/scholar?hl=en&q=credit%20rationing%20in%20markets%20with%20imperfect%20information	NOUN
ajeer-251	454	14	https://scholar.google.com/scholar?hl=en&q=public%20investment,%20crowding%20out,%20and%20growth:%20a%20dynamic%20model%20applied%20to%20india%20and%20korea	https://scholar.google.com/scholar?hl=en&q=public%20investment,%20crowding%20out,%20and%20growth:%20a%20dynamic%20model%20applied%20to%20india%20and%20korea	NOUN
ajeer-251	454	15	http://dx.doi.org/10.2307/3866958	http://dx.doi.org/10.2307/3866958	X
ajeer-251	454	16	https://scholar.google.com/scholar?hl=en&q=stagflationary%20effects%20of%20monetary%20stabilization%20policies:%20a%20quantitative%20analysis%20of%20south%20korea	https://scholar.google.com/scholar?hl=en&q=stagflationary%20effects%20of%20monetary%20stabilization%20policies:%20a%20quantitative%20analysis%20of%20south%20korea	PUNCT
ajeer-251	455	1	http://dx.doi.org/10.1016/0304-3878(82)90014-1	http://dx.doi.org/10.1016/0304-3878(82)90014-1	VERB
ajeer-251	455	2	https://scholar.google.com/scholar?hl=en&q=trade%20liberalization%20and%20growth:%20new%20evidence	https://scholar.google.com/scholar?hl=en&q=trade%20liberalization%20and%20growth:%20new%20evidence	NOUN
ajeer-251	455	3	https://scholar.google.com/scholar?hl=en&q=trade%20liberalization%20and%20growth:%20new%20evidence	https://scholar.google.com/scholar?hl=en&q=trade%20liberalization%20and%20growth:%20new%20evidence	NOUN
ajeer-251	455	4	http://dx.doi.org/10.1093/wber/lhn007	http://dx.doi.org/10.1093/wber/lhn007	ADJ
ajeer-251	455	5	https://scholar.google.com/scholar?hl=en&q=dynamic%20nature%20of%20private%20investment%20function%20and%20its%20determinants%20in%20developing%20countries	https://scholar.google.com/scholar?hl=en&q=dynamic%20nature%20of%20private%20investment%20function%20and%20its%20determinants%20in%20developing%20countrie	NOUN
ajeer-251	455	6	http://dx.doi.org/10.1108/eb028737	http://dx.doi.org/10.1108/eb028737	VERB