id	sid	tid	token	lemma	pos
ajfa-14348	1	1	microsoft	microsoft	PROPN
ajfa-14348	1	2	word	word	PROPN
ajfa-14348	1	3	14348-52106-2-sm-writer2-new.docx	14348-52106-2-sm-writer2-new.docx	NUM
ajfa-14348	1	4	asian	asian	ADJ
ajfa-14348	1	5	journal	journal	NOUN
ajfa-14348	1	6	of	of	ADP
ajfa-14348	1	7	finance	finance	PROPN
ajfa-14348	1	8	&	&	CCONJ
ajfa-14348	1	9	accounting	accounting	PROPN
ajfa-14348	1	10	issn	issn	PROPN
ajfa-14348	1	11	1946	1946	NUM
ajfa-14348	1	12	-	-	PUNCT
ajfa-14348	1	13	052x	052x	PROPN
ajfa-14348	1	14	2019	2019	NUM
ajfa-14348	1	15	,	,	PUNCT
ajfa-14348	1	16	vol	vol	NOUN
ajfa-14348	1	17	.	.	PROPN
ajfa-14348	1	18	11	11	NUM
ajfa-14348	1	19	,	,	PUNCT
ajfa-14348	1	20	no	no	INTJ
ajfa-14348	1	21	.	.	NOUN
ajfa-14348	1	22	1	1	NUM
ajfa-14348	1	23	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	1	24	63	63	NUM
ajfa-14348	1	25	volatility	volatility	NOUN
ajfa-14348	1	26	spillover	spillover	VERB
ajfa-14348	1	27	effect	effect	NOUN
ajfa-14348	1	28	of	of	ADP
ajfa-14348	1	29	international	international	ADJ
ajfa-14348	1	30	crude	crude	ADJ
ajfa-14348	1	31	oil	oil	NOUN
ajfa-14348	1	32	futures	future	NOUN
ajfa-14348	1	33	and	and	CCONJ
ajfa-14348	1	34	china	china	PROPN
ajfa-14348	1	35	-	-	PUNCT
ajfa-14348	1	36	russia	russia	PROPN
ajfa-14348	1	37	stock	stock	NOUN
ajfa-14348	1	38	market	market	NOUN
ajfa-14348	1	39	:	:	PUNCT
ajfa-14348	1	40	a	a	DET
ajfa-14348	1	41	multivariate	multivariate	NOUN
ajfa-14348	1	42	bekk	bekk	NOUN
ajfa-14348	1	43	-	-	PUNCT
ajfa-14348	1	44	garch	garch	NOUN
ajfa-14348	1	45	model	model	NOUN
ajfa-14348	1	46	based	base	VERB
ajfa-14348	1	47	on	on	ADP
ajfa-14348	1	48	wavelet	wavelet	NOUN
ajfa-14348	1	49	multiresolution	multiresolution	NOUN
ajfa-14348	1	50	analysis	analysis	NOUN
ajfa-14348	1	51	maoguo	maoguo	ADJ
ajfa-14348	1	52	wu	wu	PROPN
ajfa-14348	1	53	(	(	PUNCT
ajfa-14348	1	54	corresponding	corresponding	ADJ
ajfa-14348	1	55	author	author	NOUN
ajfa-14348	1	56	)	)	PUNCT
ajfa-14348	1	57	maoguo	maoguo	PROPN
ajfa-14348	1	58	wu	wu	PROPN
ajfa-14348	1	59	,	,	PUNCT
ajfa-14348	1	60	shu	shu	PROPN
ajfa-14348	1	61	-	-	PUNCT
ajfa-14348	1	62	uts	uts	PROPN
ajfa-14348	1	63	silc	silc	PROPN
ajfa-14348	1	64	business	business	PROPN
ajfa-14348	1	65	school	school	PROPN
ajfa-14348	1	66	,	,	PUNCT
ajfa-14348	1	67	shanghai	shanghai	PROPN
ajfa-14348	1	68	university	university	PROPN
ajfa-14348	1	69	,	,	PUNCT
ajfa-14348	1	70	shanghai	shanghai	PROPN
ajfa-14348	1	71	,	,	PUNCT
ajfa-14348	1	72	china	china	PROPN
ajfa-14348	1	73	daimin	daimin	PROPN
ajfa-14348	1	74	lu	lu	PROPN
ajfa-14348	1	75	shu	shu	PROPN
ajfa-14348	1	76	-	-	PUNCT
ajfa-14348	1	77	uts	uts	PROPN
ajfa-14348	1	78	silc	silc	PROPN
ajfa-14348	1	79	business	business	PROPN
ajfa-14348	1	80	school	school	PROPN
ajfa-14348	1	81	,	,	PUNCT
ajfa-14348	1	82	shanghai	shanghai	PROPN
ajfa-14348	1	83	university	university	PROPN
ajfa-14348	1	84	,	,	PUNCT
ajfa-14348	1	85	shanghai	shanghai	PROPN
ajfa-14348	1	86	,	,	PUNCT
ajfa-14348	1	87	china	china	PROPN
ajfa-14348	1	88	received	receive	VERB
ajfa-14348	1	89	:	:	PUNCT
ajfa-14348	1	90	feb	feb	PROPN
ajfa-14348	1	91	.	.	PROPN
ajfa-14348	1	92	15	15	NUM
ajfa-14348	1	93	,	,	PUNCT
ajfa-14348	1	94	2019	2019	NUM
ajfa-14348	1	95	accepted	accept	VERB
ajfa-14348	1	96	:	:	PUNCT
ajfa-14348	1	97	may	may	AUX
ajfa-14348	1	98	17	17	NUM
ajfa-14348	1	99	,	,	PUNCT
ajfa-14348	1	100	2019	2019	NUM
ajfa-14348	1	101	published	publish	VERB
ajfa-14348	1	102	:	:	PUNCT
ajfa-14348	1	103	june	june	PROPN
ajfa-14348	1	104	1	1	NUM
ajfa-14348	1	105	,	,	PUNCT
ajfa-14348	1	106	2019	2019	NUM
ajfa-14348	1	107	doi:10.5296	doi:10.5296	NOUN
ajfa-14348	1	108	/	/	SYM
ajfa-14348	1	109	ajfa.v11i1.14348	ajfa.v11i1.14348	ADJ
ajfa-14348	1	110	url	url	PROPN
ajfa-14348	1	111	:	:	PUNCT
ajfa-14348	1	112	https://doi.org/10.5296/ajfa.v11i1.14348	https://doi.org/10.5296/ajfa.v11i1.14348	NOUN
ajfa-14348	1	113	abstract	abstract	ADV
ajfa-14348	1	114	the	the	DET
ajfa-14348	1	115	increasingly	increasingly	ADV
ajfa-14348	1	116	prominent	prominent	ADJ
ajfa-14348	1	117	strategic	strategic	ADJ
ajfa-14348	1	118	position	position	NOUN
ajfa-14348	1	119	of	of	ADP
ajfa-14348	1	120	crude	crude	ADJ
ajfa-14348	1	121	oil	oil	NOUN
ajfa-14348	1	122	determines	determine	VERB
ajfa-14348	1	123	its	its	PRON
ajfa-14348	1	124	high	high	ADJ
ajfa-14348	1	125	impact	impact	NOUN
ajfa-14348	1	126	on	on	ADP
ajfa-14348	1	127	macro	macro	NOUN
ajfa-14348	1	128	-	-	NOUN
ajfa-14348	1	129	economy	economy	NOUN
ajfa-14348	1	130	.	.	PUNCT
ajfa-14348	2	1	the	the	DET
ajfa-14348	2	2	value	value	NOUN
ajfa-14348	2	3	of	of	ADP
ajfa-14348	2	4	crude	crude	ADJ
ajfa-14348	2	5	oil	oil	NOUN
ajfa-14348	2	6	is	be	AUX
ajfa-14348	2	7	reflected	reflect	VERB
ajfa-14348	2	8	in	in	ADP
ajfa-14348	2	9	the	the	DET
ajfa-14348	2	10	price	price	NOUN
ajfa-14348	2	11	of	of	ADP
ajfa-14348	2	12	crude	crude	ADJ
ajfa-14348	2	13	oil	oil	NOUN
ajfa-14348	2	14	futures	future	NOUN
ajfa-14348	2	15	.	.	PUNCT
ajfa-14348	3	1	stock	stock	NOUN
ajfa-14348	3	2	market	market	NOUN
ajfa-14348	3	3	is	be	AUX
ajfa-14348	3	4	the	the	DET
ajfa-14348	3	5	barometer	barometer	NOUN
ajfa-14348	3	6	of	of	ADP
ajfa-14348	3	7	macro	macro	ADJ
ajfa-14348	3	8	economy	economy	NOUN
ajfa-14348	3	9	.	.	PUNCT
ajfa-14348	4	1	to	to	ADP
ajfa-14348	4	2	what	what	DET
ajfa-14348	4	3	extent	extent	NOUN
ajfa-14348	4	4	does	do	AUX
ajfa-14348	4	5	international	international	ADJ
ajfa-14348	4	6	crude	crude	ADJ
ajfa-14348	4	7	oil	oil	NOUN
ajfa-14348	4	8	futures	future	NOUN
ajfa-14348	4	9	price	price	NOUN
ajfa-14348	4	10	affect	affect	VERB
ajfa-14348	4	11	stock	stock	NOUN
ajfa-14348	4	12	market	market	NOUN
ajfa-14348	4	13	?	?	PUNCT
ajfa-14348	5	1	china	china	PROPN
ajfa-14348	5	2	and	and	CCONJ
ajfa-14348	5	3	russia	russia	PROPN
ajfa-14348	5	4	are	be	AUX
ajfa-14348	5	5	the	the	DET
ajfa-14348	5	6	biggest	big	ADJ
ajfa-14348	5	7	importer	importer	NOUN
ajfa-14348	5	8	and	and	CCONJ
ajfa-14348	5	9	exporter	exporter	NOUN
ajfa-14348	5	10	of	of	ADP
ajfa-14348	5	11	crude	crude	ADJ
ajfa-14348	5	12	oil	oil	NOUN
ajfa-14348	5	13	,	,	PUNCT
ajfa-14348	5	14	respectively	respectively	ADV
ajfa-14348	5	15	.	.	PUNCT
ajfa-14348	6	1	crude	crude	ADJ
ajfa-14348	6	2	oil	oil	NOUN
ajfa-14348	6	3	is	be	AUX
ajfa-14348	6	4	of	of	ADP
ajfa-14348	6	5	strategic	strategic	ADJ
ajfa-14348	6	6	value	value	NOUN
ajfa-14348	6	7	to	to	ADP
ajfa-14348	6	8	both	both	DET
ajfa-14348	6	9	countries	country	NOUN
ajfa-14348	6	10	.	.	PUNCT
ajfa-14348	7	1	this	this	DET
ajfa-14348	7	2	study	study	NOUN
ajfa-14348	7	3	empirically	empirically	ADV
ajfa-14348	7	4	investigates	investigate	VERB
ajfa-14348	7	5	the	the	DET
ajfa-14348	7	6	volatility	volatility	NOUN
ajfa-14348	7	7	spillover	spillover	VERB
ajfa-14348	7	8	effect	effect	NOUN
ajfa-14348	7	9	of	of	ADP
ajfa-14348	7	10	international	international	ADJ
ajfa-14348	7	11	crude	crude	ADJ
ajfa-14348	7	12	oil	oil	NOUN
ajfa-14348	7	13	futures	future	NOUN
ajfa-14348	7	14	and	and	CCONJ
ajfa-14348	7	15	china	china	PROPN
ajfa-14348	7	16	-	-	PUNCT
ajfa-14348	7	17	russia	russia	PROPN
ajfa-14348	7	18	stock	stock	NOUN
ajfa-14348	7	19	market	market	NOUN
ajfa-14348	7	20	from	from	ADP
ajfa-14348	7	21	april	april	PROPN
ajfa-14348	7	22	24th	24th	NOUN
ajfa-14348	7	23	,	,	PUNCT
ajfa-14348	7	24	2015	2015	NUM
ajfa-14348	7	25	to	to	ADP
ajfa-14348	7	26	april	april	PROPN
ajfa-14348	7	27	20th	20th	NOUN
ajfa-14348	7	28	,	,	PUNCT
ajfa-14348	7	29	2018	2018	NUM
ajfa-14348	7	30	,	,	PUNCT
ajfa-14348	7	31	based	base	VERB
ajfa-14348	7	32	on	on	ADP
ajfa-14348	7	33	the	the	DET
ajfa-14348	7	34	data	datum	NOUN
ajfa-14348	7	35	of	of	ADP
ajfa-14348	7	36	international	international	ADJ
ajfa-14348	7	37	crude	crude	ADJ
ajfa-14348	7	38	oil	oil	NOUN
ajfa-14348	7	39	futures	future	NOUN
ajfa-14348	7	40	prices	price	NOUN
ajfa-14348	7	41	,	,	PUNCT
ajfa-14348	7	42	china	china	PROPN
ajfa-14348	7	43	-	-	PUNCT
ajfa-14348	7	44	russia	russia	PROPN
ajfa-14348	7	45	stock	stock	NOUN
ajfa-14348	7	46	market	market	NOUN
ajfa-14348	7	47	composite	composite	ADJ
ajfa-14348	7	48	index	index	NOUN
ajfa-14348	7	49	,	,	PUNCT
ajfa-14348	7	50	and	and	CCONJ
ajfa-14348	7	51	industry	industry	NOUN
ajfa-14348	7	52	stock	stock	NOUN
ajfa-14348	7	53	index	index	NOUN
ajfa-14348	7	54	.	.	PUNCT
ajfa-14348	8	1	the	the	DET
ajfa-14348	8	2	empirical	empirical	ADJ
ajfa-14348	8	3	results	result	NOUN
ajfa-14348	8	4	show	show	VERB
ajfa-14348	8	5	that	that	SCONJ
ajfa-14348	8	6	there	there	PRON
ajfa-14348	8	7	is	be	VERB
ajfa-14348	8	8	a	a	DET
ajfa-14348	8	9	short	short	ADJ
ajfa-14348	8	10	-	-	PUNCT
ajfa-14348	8	11	term	term	NOUN
ajfa-14348	8	12	relationship	relationship	NOUN
ajfa-14348	8	13	between	between	ADP
ajfa-14348	8	14	china	china	PROPN
ajfa-14348	8	15	-	-	PUNCT
ajfa-14348	8	16	russia	russia	PROPN
ajfa-14348	8	17	stock	stock	NOUN
ajfa-14348	8	18	market	market	NOUN
ajfa-14348	8	19	composite	composite	ADJ
ajfa-14348	8	20	index	index	NOUN
ajfa-14348	8	21	and	and	CCONJ
ajfa-14348	8	22	international	international	ADJ
ajfa-14348	8	23	crude	crude	ADJ
ajfa-14348	8	24	oil	oil	NOUN
ajfa-14348	8	25	futures	future	NOUN
ajfa-14348	8	26	price	price	NOUN
ajfa-14348	8	27	.	.	PUNCT
ajfa-14348	9	1	the	the	DET
ajfa-14348	9	2	international	international	ADJ
ajfa-14348	9	3	crude	crude	ADJ
ajfa-14348	9	4	oil	oil	NOUN
ajfa-14348	9	5	futures	future	NOUN
ajfa-14348	9	6	price	price	NOUN
ajfa-14348	9	7	has	have	VERB
ajfa-14348	9	8	a	a	DET
ajfa-14348	9	9	greater	great	ADJ
ajfa-14348	9	10	explanatory	explanatory	ADJ
ajfa-14348	9	11	power	power	NOUN
ajfa-14348	9	12	to	to	ADP
ajfa-14348	9	13	russian	russian	ADJ
ajfa-14348	9	14	rts	rt	NOUN
ajfa-14348	9	15	index	index	NOUN
ajfa-14348	9	16	,	,	PUNCT
ajfa-14348	9	17	but	but	CCONJ
ajfa-14348	9	18	a	a	DET
ajfa-14348	9	19	smaller	small	ADJ
ajfa-14348	9	20	explanatory	explanatory	ADJ
ajfa-14348	9	21	power	power	NOUN
ajfa-14348	9	22	to	to	ADP
ajfa-14348	9	23	shanghai	shanghai	PROPN
ajfa-14348	9	24	composite	composite	ADJ
ajfa-14348	9	25	index	index	NOUN
ajfa-14348	9	26	.	.	PUNCT
ajfa-14348	10	1	all	all	DET
ajfa-14348	10	2	industry	industry	NOUN
ajfa-14348	10	3	stock	stock	NOUN
ajfa-14348	10	4	indices	index	NOUN
ajfa-14348	10	5	are	be	AUX
ajfa-14348	10	6	cointegrated	cointegrate	VERB
ajfa-14348	10	7	with	with	ADP
ajfa-14348	10	8	international	international	ADJ
ajfa-14348	10	9	crude	crude	ADJ
ajfa-14348	10	10	oil	oil	NOUN
ajfa-14348	10	11	futures	future	NOUN
ajfa-14348	10	12	prices	price	NOUN
ajfa-14348	10	13	.	.	PUNCT
ajfa-14348	11	1	except	except	SCONJ
ajfa-14348	11	2	for	for	ADP
ajfa-14348	11	3	china	china	PROPN
ajfa-14348	11	4	industry	industry	PROPN
ajfa-14348	11	5	and	and	CCONJ
ajfa-14348	11	6	russia	russia	PROPN
ajfa-14348	11	7	energy	energy	NOUN
ajfa-14348	11	8	,	,	PUNCT
ajfa-14348	11	9	the	the	DET
ajfa-14348	11	10	adjustment	adjustment	NOUN
ajfa-14348	11	11	coefficient	coefficient	NOUN
ajfa-14348	11	12	of	of	ADP
ajfa-14348	11	13	international	international	ADJ
ajfa-14348	11	14	crude	crude	ADJ
ajfa-14348	11	15	oil	oil	NOUN
ajfa-14348	11	16	futures	future	NOUN
ajfa-14348	11	17	price	price	NOUN
ajfa-14348	11	18	on	on	ADP
ajfa-14348	11	19	stock	stock	NOUN
ajfa-14348	11	20	index	index	NOUN
ajfa-14348	11	21	volatility	volatility	NOUN
ajfa-14348	11	22	of	of	ADP
ajfa-14348	11	23	other	other	ADJ
ajfa-14348	11	24	industries	industry	NOUN
ajfa-14348	11	25	is	be	AUX
ajfa-14348	11	26	insignificant	insignificant	ADJ
ajfa-14348	11	27	.	.	PUNCT
ajfa-14348	12	1	this	this	DET
ajfa-14348	12	2	study	study	NOUN
ajfa-14348	12	3	mainly	mainly	ADV
ajfa-14348	12	4	studies	study	VERB
ajfa-14348	12	5	the	the	DET
ajfa-14348	12	6	relationship	relationship	NOUN
ajfa-14348	12	7	between	between	ADP
ajfa-14348	12	8	international	international	ADJ
ajfa-14348	12	9	crude	crude	ADJ
ajfa-14348	12	10	oil	oil	NOUN
ajfa-14348	12	11	futures	future	NOUN
ajfa-14348	12	12	price	price	NOUN
ajfa-14348	12	13	and	and	CCONJ
ajfa-14348	12	14	the	the	DET
ajfa-14348	12	15	comprehensive	comprehensive	ADJ
ajfa-14348	12	16	stock	stock	NOUN
ajfa-14348	12	17	index	index	NOUN
ajfa-14348	12	18	and	and	CCONJ
ajfa-14348	12	19	industry	industry	NOUN
ajfa-14348	12	20	stock	stock	NOUN
ajfa-14348	12	21	index	index	NOUN
ajfa-14348	12	22	of	of	ADP
ajfa-14348	12	23	china	china	PROPN
ajfa-14348	12	24	and	and	CCONJ
ajfa-14348	12	25	russia	russia	PROPN
ajfa-14348	12	26	,	,	PUNCT
ajfa-14348	12	27	and	and	CCONJ
ajfa-14348	12	28	compares	compare	VERB
ajfa-14348	12	29	the	the	DET
ajfa-14348	12	30	impact	impact	NOUN
ajfa-14348	12	31	of	of	ADP
ajfa-14348	12	32	international	international	ADJ
ajfa-14348	12	33	crude	crude	ADJ
ajfa-14348	12	34	oil	oil	NOUN
ajfa-14348	12	35	futures	future	NOUN
ajfa-14348	12	36	price	price	NOUN
ajfa-14348	12	37	on	on	ADP
ajfa-14348	12	38	the	the	DET
ajfa-14348	12	39	stock	stock	NOUN
ajfa-14348	12	40	market	market	NOUN
ajfa-14348	12	41	of	of	ADP
ajfa-14348	12	42	the	the	DET
ajfa-14348	12	43	largest	large	ADJ
ajfa-14348	12	44	importer	importer	NOUN
ajfa-14348	12	45	and	and	CCONJ
ajfa-14348	12	46	the	the	DET
ajfa-14348	12	47	largest	large	ADJ
ajfa-14348	12	48	exporter	exporter	NOUN
ajfa-14348	12	49	of	of	ADP
ajfa-14348	12	50	crude	crude	ADJ
ajfa-14348	12	51	oil	oil	NOUN
ajfa-14348	12	52	to	to	PART
ajfa-14348	12	53	explore	explore	VERB
ajfa-14348	12	54	the	the	DET
ajfa-14348	12	55	asian	asian	ADJ
ajfa-14348	12	56	journal	journal	NOUN
ajfa-14348	12	57	of	of	ADP
ajfa-14348	12	58	finance	finance	PROPN
ajfa-14348	12	59	&	&	CCONJ
ajfa-14348	12	60	accounting	accounting	PROPN
ajfa-14348	12	61	issn	issn	PROPN
ajfa-14348	12	62	1946	1946	NUM
ajfa-14348	12	63	-	-	PUNCT
ajfa-14348	12	64	052x	052x	PROPN
ajfa-14348	12	65	2019	2019	NUM
ajfa-14348	12	66	,	,	PUNCT
ajfa-14348	12	67	vol	vol	NOUN
ajfa-14348	12	68	.	.	PROPN
ajfa-14348	13	1	11	11	NUM
ajfa-14348	13	2	,	,	PUNCT
ajfa-14348	13	3	no	no	INTJ
ajfa-14348	13	4	.	.	NOUN
ajfa-14348	13	5	1	1	NUM
ajfa-14348	13	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	13	7	64	64	NUM
ajfa-14348	13	8	linkage	linkage	NOUN
ajfa-14348	13	9	between	between	ADP
ajfa-14348	13	10	crude	crude	ADJ
ajfa-14348	13	11	oil	oil	NOUN
ajfa-14348	13	12	futures	future	NOUN
ajfa-14348	13	13	price	price	NOUN
ajfa-14348	13	14	and	and	CCONJ
ajfa-14348	13	15	stock	stock	NOUN
ajfa-14348	13	16	market	market	NOUN
ajfa-14348	13	17	,	,	PUNCT
ajfa-14348	13	18	and	and	CCONJ
ajfa-14348	13	19	puts	put	VERB
ajfa-14348	13	20	forward	forward	ADV
ajfa-14348	13	21	policy	policy	NOUN
ajfa-14348	13	22	implications	implication	NOUN
ajfa-14348	13	23	based	base	VERB
ajfa-14348	13	24	on	on	ADP
ajfa-14348	13	25	the	the	DET
ajfa-14348	13	26	empirical	empirical	ADJ
ajfa-14348	13	27	results	result	NOUN
ajfa-14348	13	28	.	.	PUNCT
ajfa-14348	14	1	keywords	keyword	NOUN
ajfa-14348	14	2	:	:	PUNCT
ajfa-14348	14	3	volatility	volatility	NOUN
ajfa-14348	14	4	spillover	spillover	VERB
ajfa-14348	14	5	effect	effect	NOUN
ajfa-14348	14	6	,	,	PUNCT
ajfa-14348	14	7	international	international	ADJ
ajfa-14348	14	8	crude	crude	ADJ
ajfa-14348	14	9	oil	oil	NOUN
ajfa-14348	14	10	futures	future	NOUN
ajfa-14348	14	11	,	,	PUNCT
ajfa-14348	14	12	china	china	PROPN
ajfa-14348	14	13	-	-	PUNCT
ajfa-14348	14	14	russia	russia	PROPN
ajfa-14348	14	15	stock	stock	NOUN
ajfa-14348	14	16	market	market	NOUN
ajfa-14348	14	17	,	,	PUNCT
ajfa-14348	14	18	multivariate	multivariate	VERB
ajfa-14348	14	19	bekk	bekk	NOUN
ajfa-14348	14	20	-	-	PUNCT
ajfa-14348	14	21	garch	garch	NOUN
ajfa-14348	14	22	model	model	NOUN
ajfa-14348	14	23	,	,	PUNCT
ajfa-14348	14	24	wavelet	wavelet	NOUN
ajfa-14348	14	25	multiresolution	multiresolution	NOUN
ajfa-14348	14	26	analysis	analysis	NOUN
ajfa-14348	14	27	asian	asian	ADJ
ajfa-14348	14	28	journal	journal	NOUN
ajfa-14348	14	29	of	of	ADP
ajfa-14348	14	30	finance	finance	PROPN
ajfa-14348	14	31	&	&	CCONJ
ajfa-14348	14	32	accounting	accounting	PROPN
ajfa-14348	14	33	issn	issn	PROPN
ajfa-14348	14	34	1946	1946	NUM
ajfa-14348	14	35	-	-	PUNCT
ajfa-14348	14	36	052x	052x	PROPN
ajfa-14348	14	37	2019	2019	NUM
ajfa-14348	14	38	,	,	PUNCT
ajfa-14348	14	39	vol	vol	NOUN
ajfa-14348	14	40	.	.	PROPN
ajfa-14348	15	1	11	11	NUM
ajfa-14348	15	2	,	,	PUNCT
ajfa-14348	15	3	no	no	INTJ
ajfa-14348	15	4	.	.	NOUN
ajfa-14348	15	5	1	1	NUM
ajfa-14348	15	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	15	7	65	65	NUM
ajfa-14348	15	8	1	1	NUM
ajfa-14348	15	9	.	.	NOUN
ajfa-14348	15	10	1	1	NUM
ajfa-14348	15	11	.	.	X
ajfa-14348	16	1	introduction	introduction	NOUN
ajfa-14348	16	2	crude	crude	ADJ
ajfa-14348	16	3	oil	oil	NOUN
ajfa-14348	16	4	has	have	AUX
ajfa-14348	16	5	always	always	ADV
ajfa-14348	16	6	occupied	occupy	VERB
ajfa-14348	16	7	an	an	DET
ajfa-14348	16	8	unshakable	unshakable	ADJ
ajfa-14348	16	9	position	position	NOUN
ajfa-14348	16	10	in	in	ADP
ajfa-14348	16	11	industry	industry	NOUN
ajfa-14348	16	12	,	,	PUNCT
ajfa-14348	16	13	and	and	CCONJ
ajfa-14348	16	14	its	its	PRON
ajfa-14348	16	15	derivatives	derivative	NOUN
ajfa-14348	16	16	cover	cover	VERB
ajfa-14348	16	17	many	many	ADJ
ajfa-14348	16	18	industries	industry	NOUN
ajfa-14348	16	19	.	.	PUNCT
ajfa-14348	17	1	due	due	ADP
ajfa-14348	17	2	to	to	ADP
ajfa-14348	17	3	its	its	PRON
ajfa-14348	17	4	poor	poor	ADJ
ajfa-14348	17	5	extraction	extraction	NOUN
ajfa-14348	17	6	and	and	CCONJ
ajfa-14348	17	7	refining	refining	NOUN
ajfa-14348	17	8	technology	technology	NOUN
ajfa-14348	17	9	,	,	PUNCT
ajfa-14348	17	10	china	china	PROPN
ajfa-14348	17	11	imports	import	VERB
ajfa-14348	17	12	large	large	ADJ
ajfa-14348	17	13	quantities	quantity	NOUN
ajfa-14348	17	14	of	of	ADP
ajfa-14348	17	15	crude	crude	ADJ
ajfa-14348	17	16	oil	oil	NOUN
ajfa-14348	17	17	from	from	ADP
ajfa-14348	17	18	abroad	abroad	ADV
ajfa-14348	17	19	,	,	PUNCT
ajfa-14348	17	20	and	and	CCONJ
ajfa-14348	17	21	jumps	jump	VERB
ajfa-14348	17	22	to	to	ADP
ajfa-14348	17	23	the	the	DET
ajfa-14348	17	24	top	top	NOUN
ajfa-14348	17	25	of	of	ADP
ajfa-14348	17	26	the	the	DET
ajfa-14348	17	27	world	world	NOUN
ajfa-14348	17	28	’s	’s	PART
ajfa-14348	17	29	crude	crude	ADJ
ajfa-14348	17	30	oil	oil	NOUN
ajfa-14348	17	31	consumption	consumption	NOUN
ajfa-14348	17	32	in	in	ADP
ajfa-14348	17	33	2017	2017	NUM
ajfa-14348	17	34	.	.	PUNCT
ajfa-14348	18	1	china	china	PROPN
ajfa-14348	18	2	’s	’s	PART
ajfa-14348	18	3	crude	crude	ADJ
ajfa-14348	18	4	oil	oil	NOUN
ajfa-14348	18	5	dependence	dependence	NOUN
ajfa-14348	18	6	is	be	AUX
ajfa-14348	18	7	expected	expect	VERB
ajfa-14348	18	8	to	to	PART
ajfa-14348	18	9	exceed	exceed	VERB
ajfa-14348	18	10	60	60	NUM
ajfa-14348	18	11	%	%	NOUN
ajfa-14348	18	12	by	by	ADP
ajfa-14348	18	13	2020	2020	NUM
ajfa-14348	18	14	.	.	PUNCT
ajfa-14348	19	1	thus	thus	ADV
ajfa-14348	19	2	,	,	PUNCT
ajfa-14348	19	3	the	the	DET
ajfa-14348	19	4	fluctuation	fluctuation	NOUN
ajfa-14348	19	5	of	of	ADP
ajfa-14348	19	6	international	international	ADJ
ajfa-14348	19	7	crude	crude	ADJ
ajfa-14348	19	8	oil	oil	NOUN
ajfa-14348	19	9	prices	price	NOUN
ajfa-14348	19	10	will	will	AUX
ajfa-14348	19	11	have	have	VERB
ajfa-14348	19	12	an	an	DET
ajfa-14348	19	13	important	important	ADJ
ajfa-14348	19	14	impact	impact	NOUN
ajfa-14348	19	15	on	on	ADP
ajfa-14348	19	16	china	china	PROPN
ajfa-14348	19	17	’s	’s	PART
ajfa-14348	19	18	economy	economy	NOUN
ajfa-14348	19	19	.	.	PUNCT
ajfa-14348	20	1	russia	russia	PROPN
ajfa-14348	20	2	is	be	AUX
ajfa-14348	20	3	currently	currently	ADV
ajfa-14348	20	4	the	the	DET
ajfa-14348	20	5	world	world	NOUN
ajfa-14348	20	6	’s	’s	PART
ajfa-14348	20	7	largest	large	ADJ
ajfa-14348	20	8	oil	oil	NOUN
ajfa-14348	20	9	reserve	reserve	NOUN
ajfa-14348	20	10	country	country	NOUN
ajfa-14348	20	11	,	,	PUNCT
ajfa-14348	20	12	and	and	CCONJ
ajfa-14348	20	13	the	the	DET
ajfa-14348	20	14	fluctuation	fluctuation	NOUN
ajfa-14348	20	15	of	of	ADP
ajfa-14348	20	16	international	international	ADJ
ajfa-14348	20	17	crude	crude	ADJ
ajfa-14348	20	18	oil	oil	NOUN
ajfa-14348	20	19	prices	price	NOUN
ajfa-14348	20	20	has	have	VERB
ajfa-14348	20	21	a	a	DET
ajfa-14348	20	22	significant	significant	ADJ
ajfa-14348	20	23	impact	impact	NOUN
ajfa-14348	20	24	on	on	ADP
ajfa-14348	20	25	its	its	PRON
ajfa-14348	20	26	economy	economy	NOUN
ajfa-14348	20	27	.	.	PUNCT
ajfa-14348	21	1	since	since	SCONJ
ajfa-14348	21	2	the	the	DET
ajfa-14348	21	3	two	two	NUM
ajfa-14348	21	4	crude	crude	ADJ
ajfa-14348	21	5	oil	oil	NOUN
ajfa-14348	21	6	crises	crisis	NOUN
ajfa-14348	21	7	in	in	ADP
ajfa-14348	21	8	the	the	DET
ajfa-14348	21	9	early	early	ADJ
ajfa-14348	21	10	1970s	1970	NOUN
ajfa-14348	21	11	and	and	CCONJ
ajfa-14348	21	12	early	early	ADJ
ajfa-14348	21	13	1980s	1980s	NUM
ajfa-14348	21	14	,	,	PUNCT
ajfa-14348	21	15	the	the	DET
ajfa-14348	21	16	economic	economic	ADJ
ajfa-14348	21	17	status	status	NOUN
ajfa-14348	21	18	and	and	CCONJ
ajfa-14348	21	19	financial	financial	ADJ
ajfa-14348	21	20	attributes	attribute	NOUN
ajfa-14348	21	21	of	of	ADP
ajfa-14348	21	22	crude	crude	ADJ
ajfa-14348	21	23	oil	oil	NOUN
ajfa-14348	21	24	have	have	AUX
ajfa-14348	21	25	become	become	VERB
ajfa-14348	21	26	increasingly	increasingly	ADV
ajfa-14348	21	27	prominent	prominent	ADJ
ajfa-14348	21	28	.	.	PUNCT
ajfa-14348	22	1	in	in	ADP
ajfa-14348	22	2	order	order	NOUN
ajfa-14348	22	3	to	to	PART
ajfa-14348	22	4	avoid	avoid	VERB
ajfa-14348	22	5	the	the	DET
ajfa-14348	22	6	risk	risk	NOUN
ajfa-14348	22	7	caused	cause	VERB
ajfa-14348	22	8	by	by	ADP
ajfa-14348	22	9	the	the	DET
ajfa-14348	22	10	fluctuation	fluctuation	NOUN
ajfa-14348	22	11	of	of	ADP
ajfa-14348	22	12	crude	crude	ADJ
ajfa-14348	22	13	oil	oil	NOUN
ajfa-14348	22	14	price	price	NOUN
ajfa-14348	22	15	,	,	PUNCT
ajfa-14348	22	16	the	the	DET
ajfa-14348	22	17	crude	crude	ADJ
ajfa-14348	22	18	oil	oil	NOUN
ajfa-14348	22	19	futures	future	NOUN
ajfa-14348	22	20	market	market	NOUN
ajfa-14348	22	21	came	come	VERB
ajfa-14348	22	22	into	into	ADP
ajfa-14348	22	23	being	being	NOUN
ajfa-14348	22	24	.	.	PUNCT
ajfa-14348	23	1	the	the	DET
ajfa-14348	23	2	fluctuation	fluctuation	NOUN
ajfa-14348	23	3	of	of	ADP
ajfa-14348	23	4	crude	crude	ADJ
ajfa-14348	23	5	oil	oil	NOUN
ajfa-14348	23	6	futures	future	NOUN
ajfa-14348	23	7	price	price	NOUN
ajfa-14348	23	8	is	be	AUX
ajfa-14348	23	9	inseparable	inseparable	ADJ
ajfa-14348	23	10	from	from	ADP
ajfa-14348	23	11	the	the	DET
ajfa-14348	23	12	corresponding	corresponding	ADJ
ajfa-14348	23	13	spot	spot	NOUN
ajfa-14348	23	14	price	price	NOUN
ajfa-14348	23	15	fluctuation	fluctuation	NOUN
ajfa-14348	23	16	.	.	PUNCT
ajfa-14348	24	1	the	the	DET
ajfa-14348	24	2	stock	stock	NOUN
ajfa-14348	24	3	market	market	NOUN
ajfa-14348	24	4	,	,	PUNCT
ajfa-14348	24	5	which	which	PRON
ajfa-14348	24	6	is	be	AUX
ajfa-14348	24	7	called	call	VERB
ajfa-14348	24	8	the	the	DET
ajfa-14348	24	9	“	"	PUNCT
ajfa-14348	24	10	barometer	barometer	NOUN
ajfa-14348	24	11	”	"	PUNCT
ajfa-14348	24	12	of	of	ADP
ajfa-14348	24	13	macro	macro	NOUN
ajfa-14348	24	14	-	-	NOUN
ajfa-14348	24	15	economy	economy	NOUN
ajfa-14348	24	16	,	,	PUNCT
ajfa-14348	24	17	directly	directly	ADV
ajfa-14348	24	18	reflects	reflect	VERB
ajfa-14348	24	19	the	the	DET
ajfa-14348	24	20	trend	trend	NOUN
ajfa-14348	24	21	of	of	ADP
ajfa-14348	24	22	a	a	DET
ajfa-14348	24	23	country	country	NOUN
ajfa-14348	24	24	’s	’s	PART
ajfa-14348	24	25	economy	economy	NOUN
ajfa-14348	24	26	.	.	PUNCT
ajfa-14348	25	1	therefore	therefore	ADV
ajfa-14348	25	2	,	,	PUNCT
ajfa-14348	25	3	the	the	DET
ajfa-14348	25	4	price	price	NOUN
ajfa-14348	25	5	of	of	ADP
ajfa-14348	25	6	crude	crude	ADJ
ajfa-14348	25	7	oil	oil	NOUN
ajfa-14348	25	8	futures	future	NOUN
ajfa-14348	25	9	reflecting	reflect	VERB
ajfa-14348	25	10	spot	spot	NOUN
ajfa-14348	25	11	price	price	NOUN
ajfa-14348	25	12	affects	affect	VERB
ajfa-14348	25	13	the	the	DET
ajfa-14348	25	14	stock	stock	NOUN
ajfa-14348	25	15	market	market	NOUN
ajfa-14348	25	16	,	,	PUNCT
ajfa-14348	25	17	revealing	reveal	VERB
ajfa-14348	25	18	the	the	DET
ajfa-14348	25	19	economic	economic	ADJ
ajfa-14348	25	20	situation	situation	NOUN
ajfa-14348	25	21	to	to	ADP
ajfa-14348	25	22	a	a	DET
ajfa-14348	25	23	certain	certain	ADJ
ajfa-14348	25	24	extent	extent	NOUN
ajfa-14348	25	25	.	.	PUNCT
ajfa-14348	26	1	at	at	ADP
ajfa-14348	26	2	present	present	ADJ
ajfa-14348	26	3	,	,	PUNCT
ajfa-14348	26	4	existing	exist	VERB
ajfa-14348	26	5	literature	literature	NOUN
ajfa-14348	26	6	on	on	ADP
ajfa-14348	26	7	the	the	DET
ajfa-14348	26	8	impact	impact	NOUN
ajfa-14348	26	9	of	of	ADP
ajfa-14348	26	10	international	international	ADJ
ajfa-14348	26	11	crude	crude	ADJ
ajfa-14348	26	12	oil	oil	NOUN
ajfa-14348	26	13	futures	future	NOUN
ajfa-14348	26	14	prices	price	NOUN
ajfa-14348	26	15	on	on	ADP
ajfa-14348	26	16	composite	composite	ADJ
ajfa-14348	26	17	index	index	NOUN
ajfa-14348	26	18	and	and	CCONJ
ajfa-14348	26	19	industry	industry	NOUN
ajfa-14348	26	20	index	index	NOUN
ajfa-14348	26	21	is	be	AUX
ajfa-14348	26	22	extremely	extremely	ADV
ajfa-14348	26	23	limited	limited	ADJ
ajfa-14348	26	24	.	.	PUNCT
ajfa-14348	27	1	in	in	ADP
ajfa-14348	27	2	view	view	NOUN
ajfa-14348	27	3	of	of	ADP
ajfa-14348	27	4	this	this	PRON
ajfa-14348	27	5	,	,	PUNCT
ajfa-14348	27	6	this	this	DET
ajfa-14348	27	7	study	study	NOUN
ajfa-14348	27	8	investigates	investigate	VERB
ajfa-14348	27	9	the	the	DET
ajfa-14348	27	10	volatility	volatility	NOUN
ajfa-14348	27	11	spillover	spillover	VERB
ajfa-14348	27	12	effect	effect	NOUN
ajfa-14348	27	13	of	of	ADP
ajfa-14348	27	14	international	international	ADJ
ajfa-14348	27	15	crude	crude	ADJ
ajfa-14348	27	16	oil	oil	NOUN
ajfa-14348	27	17	futures	future	NOUN
ajfa-14348	27	18	price	price	NOUN
ajfa-14348	27	19	and	and	CCONJ
ajfa-14348	27	20	china	china	PROPN
ajfa-14348	27	21	-	-	PUNCT
ajfa-14348	27	22	russia	russia	PROPN
ajfa-14348	27	23	composite	composite	ADJ
ajfa-14348	27	24	stock	stock	NOUN
ajfa-14348	27	25	index	index	NOUN
ajfa-14348	27	26	and	and	CCONJ
ajfa-14348	27	27	industry	industry	NOUN
ajfa-14348	27	28	stock	stock	NOUN
ajfa-14348	27	29	index	index	NOUN
ajfa-14348	27	30	,	,	PUNCT
ajfa-14348	27	31	and	and	CCONJ
ajfa-14348	27	32	investigates	investigate	VERB
ajfa-14348	27	33	the	the	DET
ajfa-14348	27	34	linkage	linkage	NOUN
ajfa-14348	27	35	between	between	ADP
ajfa-14348	27	36	crude	crude	ADJ
ajfa-14348	27	37	oil	oil	NOUN
ajfa-14348	27	38	and	and	CCONJ
ajfa-14348	27	39	stock	stock	NOUN
ajfa-14348	27	40	market	market	NOUN
ajfa-14348	27	41	by	by	ADP
ajfa-14348	27	42	comparing	compare	VERB
ajfa-14348	27	43	the	the	DET
ajfa-14348	27	44	impact	impact	NOUN
ajfa-14348	27	45	of	of	ADP
ajfa-14348	27	46	international	international	ADJ
ajfa-14348	27	47	crude	crude	ADJ
ajfa-14348	27	48	oil	oil	NOUN
ajfa-14348	27	49	futures	future	NOUN
ajfa-14348	27	50	price	price	NOUN
ajfa-14348	27	51	on	on	ADP
ajfa-14348	27	52	the	the	DET
ajfa-14348	27	53	stock	stock	NOUN
ajfa-14348	27	54	markets	market	NOUN
ajfa-14348	27	55	of	of	ADP
ajfa-14348	27	56	the	the	DET
ajfa-14348	27	57	largest	large	ADJ
ajfa-14348	27	58	importer	importer	NOUN
ajfa-14348	27	59	and	and	CCONJ
ajfa-14348	27	60	the	the	DET
ajfa-14348	27	61	largest	large	ADJ
ajfa-14348	27	62	exporter	exporter	NOUN
ajfa-14348	27	63	of	of	ADP
ajfa-14348	27	64	crude	crude	ADJ
ajfa-14348	27	65	oil	oil	NOUN
ajfa-14348	27	66	.	.	PUNCT
ajfa-14348	28	1	in	in	ADP
ajfa-14348	28	2	previous	previous	ADJ
ajfa-14348	28	3	literature	literature	NOUN
ajfa-14348	28	4	,	,	PUNCT
ajfa-14348	28	5	when	when	SCONJ
ajfa-14348	28	6	discussing	discuss	VERB
ajfa-14348	28	7	the	the	DET
ajfa-14348	28	8	correlation	correlation	NOUN
ajfa-14348	28	9	between	between	ADP
ajfa-14348	28	10	international	international	ADJ
ajfa-14348	28	11	crude	crude	ADJ
ajfa-14348	28	12	oil	oil	NOUN
ajfa-14348	28	13	futures	future	NOUN
ajfa-14348	28	14	and	and	CCONJ
ajfa-14348	28	15	stock	stock	NOUN
ajfa-14348	28	16	market	market	NOUN
ajfa-14348	28	17	,	,	PUNCT
ajfa-14348	28	18	a	a	DET
ajfa-14348	28	19	single	single	ADJ
ajfa-14348	28	20	model	model	NOUN
ajfa-14348	28	21	is	be	AUX
ajfa-14348	28	22	often	often	ADV
ajfa-14348	28	23	used	use	VERB
ajfa-14348	28	24	,	,	PUNCT
ajfa-14348	28	25	but	but	CCONJ
ajfa-14348	28	26	the	the	DET
ajfa-14348	28	27	difference	difference	NOUN
ajfa-14348	28	28	of	of	ADP
ajfa-14348	28	29	data	datum	NOUN
ajfa-14348	28	30	is	be	AUX
ajfa-14348	28	31	neglected	neglect	VERB
ajfa-14348	28	32	.	.	PUNCT
ajfa-14348	29	1	in	in	ADP
ajfa-14348	29	2	this	this	DET
ajfa-14348	29	3	study	study	NOUN
ajfa-14348	29	4	,	,	PUNCT
ajfa-14348	29	5	according	accord	VERB
ajfa-14348	29	6	to	to	ADP
ajfa-14348	29	7	the	the	DET
ajfa-14348	29	8	characteristics	characteristic	NOUN
ajfa-14348	29	9	of	of	ADP
ajfa-14348	29	10	variable	variable	ADJ
ajfa-14348	29	11	groups	group	NOUN
ajfa-14348	29	12	in	in	ADP
ajfa-14348	29	13	the	the	DET
ajfa-14348	29	14	test	test	NOUN
ajfa-14348	29	15	,	,	PUNCT
ajfa-14348	29	16	different	different	ADJ
ajfa-14348	29	17	empirical	empirical	ADJ
ajfa-14348	29	18	models	model	NOUN
ajfa-14348	29	19	are	be	AUX
ajfa-14348	29	20	used	use	VERB
ajfa-14348	29	21	for	for	ADP
ajfa-14348	29	22	analysis	analysis	NOUN
ajfa-14348	29	23	.	.	PUNCT
ajfa-14348	30	1	specifically	specifically	ADV
ajfa-14348	30	2	,	,	PUNCT
ajfa-14348	30	3	this	this	DET
ajfa-14348	30	4	study	study	NOUN
ajfa-14348	30	5	chooses	choose	VERB
ajfa-14348	30	6	the	the	DET
ajfa-14348	30	7	international	international	ADJ
ajfa-14348	30	8	crude	crude	ADJ
ajfa-14348	30	9	oil	oil	NOUN
ajfa-14348	30	10	futures	future	NOUN
ajfa-14348	30	11	price	price	NOUN
ajfa-14348	30	12	as	as	ADP
ajfa-14348	30	13	the	the	DET
ajfa-14348	30	14	explanatory	explanatory	ADJ
ajfa-14348	30	15	variable	variable	NOUN
ajfa-14348	30	16	,	,	PUNCT
ajfa-14348	30	17	and	and	CCONJ
ajfa-14348	30	18	the	the	DET
ajfa-14348	30	19	stock	stock	NOUN
ajfa-14348	30	20	market	market	NOUN
ajfa-14348	30	21	composite	composite	ADJ
ajfa-14348	30	22	index	index	NOUN
ajfa-14348	30	23	and	and	CCONJ
ajfa-14348	30	24	industry	industry	NOUN
ajfa-14348	30	25	index	index	NOUN
ajfa-14348	30	26	of	of	ADP
ajfa-14348	30	27	china	china	PROPN
ajfa-14348	30	28	and	and	CCONJ
ajfa-14348	30	29	russia	russia	PROPN
ajfa-14348	30	30	as	as	ADP
ajfa-14348	30	31	the	the	DET
ajfa-14348	30	32	explained	explain	VERB
ajfa-14348	30	33	variable	variable	NOUN
ajfa-14348	30	34	,	,	PUNCT
ajfa-14348	30	35	and	and	CCONJ
ajfa-14348	30	36	establishes	establish	VERB
ajfa-14348	30	37	the	the	DET
ajfa-14348	30	38	corresponding	correspond	VERB
ajfa-14348	30	39	variable	variable	ADJ
ajfa-14348	30	40	group	group	NOUN
ajfa-14348	30	41	.	.	PUNCT
ajfa-14348	31	1	it	it	PRON
ajfa-14348	31	2	is	be	AUX
ajfa-14348	31	3	found	find	VERB
ajfa-14348	31	4	that	that	SCONJ
ajfa-14348	31	5	all	all	DET
ajfa-14348	31	6	the	the	DET
ajfa-14348	31	7	time	time	NOUN
ajfa-14348	31	8	series	series	PROPN
ajfa-14348	31	9	are	be	AUX
ajfa-14348	31	10	non	non	ADJ
ajfa-14348	31	11	-	-	ADJ
ajfa-14348	31	12	stationary	stationary	ADJ
ajfa-14348	31	13	,	,	PUNCT
ajfa-14348	31	14	so	so	SCONJ
ajfa-14348	31	15	two	two	NUM
ajfa-14348	31	16	schemes	scheme	NOUN
ajfa-14348	31	17	are	be	AUX
ajfa-14348	31	18	put	put	VERB
ajfa-14348	31	19	forward	forward	ADV
ajfa-14348	31	20	in	in	ADP
ajfa-14348	31	21	this	this	DET
ajfa-14348	31	22	study	study	NOUN
ajfa-14348	31	23	:	:	PUNCT
ajfa-14348	31	24	(	(	PUNCT
ajfa-14348	31	25	1	1	X
ajfa-14348	31	26	)	)	PUNCT
ajfa-14348	31	27	making	make	VERB
ajfa-14348	31	28	first	first	ADJ
ajfa-14348	31	29	-	-	PUNCT
ajfa-14348	31	30	order	order	NOUN
ajfa-14348	31	31	difference	difference	NOUN
ajfa-14348	31	32	to	to	ADP
ajfa-14348	31	33	the	the	DET
ajfa-14348	31	34	original	original	ADJ
ajfa-14348	31	35	data	datum	NOUN
ajfa-14348	31	36	,	,	PUNCT
ajfa-14348	31	37	establishing	establish	VERB
ajfa-14348	31	38	var	var	NOUN
ajfa-14348	31	39	model	model	NOUN
ajfa-14348	31	40	and	and	CCONJ
ajfa-14348	31	41	garch	garch	NOUN
ajfa-14348	31	42	model	model	NOUN
ajfa-14348	31	43	,	,	PUNCT
ajfa-14348	31	44	then	then	ADV
ajfa-14348	31	45	processing	process	VERB
ajfa-14348	31	46	the	the	DET
ajfa-14348	31	47	international	international	ADJ
ajfa-14348	31	48	crude	crude	ADJ
ajfa-14348	31	49	oil	oil	NOUN
ajfa-14348	31	50	futures	future	NOUN
ajfa-14348	31	51	price	price	NOUN
ajfa-14348	31	52	with	with	ADP
ajfa-14348	31	53	wavelet	wavelet	NOUN
ajfa-14348	31	54	multiresolution	multiresolution	NOUN
ajfa-14348	31	55	,	,	PUNCT
ajfa-14348	31	56	establishing	establish	VERB
ajfa-14348	31	57	bekk	bekk	ADJ
ajfa-14348	31	58	-	-	PUNCT
ajfa-14348	31	59	garch	garch	NOUN
ajfa-14348	31	60	model	model	NOUN
ajfa-14348	31	61	,	,	PUNCT
ajfa-14348	31	62	and	and	CCONJ
ajfa-14348	31	63	judging	judge	VERB
ajfa-14348	31	64	whether	whether	SCONJ
ajfa-14348	31	65	there	there	PRON
ajfa-14348	31	66	exists	exist	VERB
ajfa-14348	31	67	volatility	volatility	NOUN
ajfa-14348	31	68	spillover	spillover	VERB
ajfa-14348	31	69	effect	effect	NOUN
ajfa-14348	31	70	according	accord	VERB
ajfa-14348	31	71	to	to	ADP
ajfa-14348	31	72	wald	wald	NOUN
ajfa-14348	31	73	test	test	NOUN
ajfa-14348	31	74	results	result	NOUN
ajfa-14348	31	75	;	;	PUNCT
ajfa-14348	31	76	(	(	PUNCT
ajfa-14348	31	77	2	2	X
ajfa-14348	31	78	)	)	PUNCT
ajfa-14348	31	79	making	make	VERB
ajfa-14348	31	80	cointegration	cointegration	NOUN
ajfa-14348	31	81	test	test	NOUN
ajfa-14348	31	82	to	to	ADP
ajfa-14348	31	83	the	the	DET
ajfa-14348	31	84	original	original	ADJ
ajfa-14348	31	85	data	datum	NOUN
ajfa-14348	31	86	.	.	PUNCT
ajfa-14348	32	1	on	on	ADP
ajfa-14348	32	2	the	the	DET
ajfa-14348	32	3	basis	basis	NOUN
ajfa-14348	32	4	of	of	ADP
ajfa-14348	32	5	granger	granger	PROPN
ajfa-14348	32	6	causality	causality	PROPN
ajfa-14348	32	7	test	test	NOUN
ajfa-14348	32	8	results	result	NOUN
ajfa-14348	32	9	,	,	PUNCT
ajfa-14348	32	10	the	the	DET
ajfa-14348	32	11	variable	variable	ADJ
ajfa-14348	32	12	groups	group	NOUN
ajfa-14348	32	13	are	be	AUX
ajfa-14348	32	14	divided	divide	VERB
ajfa-14348	32	15	and	and	CCONJ
ajfa-14348	32	16	vecm	vecm	NOUN
ajfa-14348	32	17	and	and	CCONJ
ajfa-14348	32	18	ecm	ecm	NOUN
ajfa-14348	32	19	models	model	NOUN
ajfa-14348	32	20	are	be	AUX
ajfa-14348	32	21	established	establish	VERB
ajfa-14348	32	22	,	,	PUNCT
ajfa-14348	32	23	respectively	respectively	ADV
ajfa-14348	32	24	.	.	PUNCT
ajfa-14348	33	1	this	this	DET
ajfa-14348	33	2	study	study	NOUN
ajfa-14348	33	3	explores	explore	VERB
ajfa-14348	33	4	the	the	DET
ajfa-14348	33	5	relationship	relationship	NOUN
ajfa-14348	33	6	between	between	ADP
ajfa-14348	33	7	the	the	DET
ajfa-14348	33	8	international	international	ADJ
ajfa-14348	33	9	crude	crude	ADJ
ajfa-14348	33	10	oil	oil	NOUN
ajfa-14348	33	11	futures	future	NOUN
ajfa-14348	33	12	and	and	CCONJ
ajfa-14348	33	13	the	the	DET
ajfa-14348	33	14	stock	stock	NOUN
ajfa-14348	33	15	markets	market	NOUN
ajfa-14348	33	16	of	of	ADP
ajfa-14348	33	17	china	china	PROPN
ajfa-14348	33	18	and	and	CCONJ
ajfa-14348	33	19	russia	russia	PROPN
ajfa-14348	33	20	through	through	ADP
ajfa-14348	33	21	the	the	DET
ajfa-14348	33	22	above	above	ADV
ajfa-14348	33	23	-	-	PUNCT
ajfa-14348	33	24	mentioned	mention	VERB
ajfa-14348	33	25	research	research	NOUN
ajfa-14348	33	26	methods	method	NOUN
ajfa-14348	33	27	,	,	PUNCT
ajfa-14348	33	28	and	and	CCONJ
ajfa-14348	33	29	further	far	ADV
ajfa-14348	33	30	strengthens	strengthen	VERB
ajfa-14348	33	31	the	the	DET
ajfa-14348	33	32	research	research	NOUN
ajfa-14348	33	33	on	on	ADP
ajfa-14348	33	34	the	the	DET
ajfa-14348	33	35	influencing	influence	VERB
ajfa-14348	33	36	factors	factor	NOUN
ajfa-14348	33	37	of	of	ADP
ajfa-14348	33	38	the	the	DET
ajfa-14348	33	39	market	market	NOUN
ajfa-14348	33	40	,	,	PUNCT
ajfa-14348	33	41	so	so	SCONJ
ajfa-14348	33	42	as	as	SCONJ
ajfa-14348	33	43	to	to	PART
ajfa-14348	33	44	help	help	VERB
ajfa-14348	33	45	macroeconomic	macroeconomic	ADJ
ajfa-14348	33	46	policymakers	policymaker	NOUN
ajfa-14348	33	47	better	well	ADV
ajfa-14348	33	48	understand	understand	VERB
ajfa-14348	33	49	the	the	DET
ajfa-14348	33	50	effectiveness	effectiveness	NOUN
ajfa-14348	33	51	of	of	ADP
ajfa-14348	33	52	china	china	PROPN
ajfa-14348	33	53	’s	’s	PART
ajfa-14348	33	54	financial	financial	ADJ
ajfa-14348	33	55	market	market	NOUN
ajfa-14348	33	56	and	and	CCONJ
ajfa-14348	33	57	the	the	DET
ajfa-14348	33	58	role	role	NOUN
ajfa-14348	33	59	of	of	ADP
ajfa-14348	33	60	market	market	NOUN
ajfa-14348	33	61	regulators	regulator	NOUN
ajfa-14348	33	62	,	,	PUNCT
ajfa-14348	33	63	and	and	CCONJ
ajfa-14348	33	64	to	to	PART
ajfa-14348	33	65	provide	provide	VERB
ajfa-14348	33	66	reference	reference	NOUN
ajfa-14348	33	67	for	for	ADP
ajfa-14348	33	68	the	the	DET
ajfa-14348	33	69	development	development	NOUN
ajfa-14348	33	70	of	of	ADP
ajfa-14348	33	71	follow	follow	NOUN
ajfa-14348	33	72	-	-	PUNCT
ajfa-14348	33	73	up	up	ADP
ajfa-14348	33	74	financial	financial	ADJ
ajfa-14348	33	75	market	market	NOUN
ajfa-14348	33	76	and	and	CCONJ
ajfa-14348	33	77	formulate	formulate	VERB
ajfa-14348	33	78	more	more	ADV
ajfa-14348	33	79	reasonable	reasonable	ADJ
ajfa-14348	33	80	policies	policy	NOUN
ajfa-14348	33	81	.	.	PUNCT
ajfa-14348	34	1	asian	asian	ADJ
ajfa-14348	34	2	journal	journal	PROPN
ajfa-14348	34	3	of	of	ADP
ajfa-14348	34	4	finance	finance	PROPN
ajfa-14348	34	5	&	&	CCONJ
ajfa-14348	34	6	accounting	accounting	PROPN
ajfa-14348	34	7	issn	issn	PROPN
ajfa-14348	34	8	1946	1946	NUM
ajfa-14348	34	9	-	-	PUNCT
ajfa-14348	34	10	052x	052x	PROPN
ajfa-14348	34	11	2019	2019	NUM
ajfa-14348	34	12	,	,	PUNCT
ajfa-14348	34	13	vol	vol	NOUN
ajfa-14348	34	14	.	.	PROPN
ajfa-14348	34	15	11	11	NUM
ajfa-14348	34	16	,	,	PUNCT
ajfa-14348	34	17	no	no	INTJ
ajfa-14348	34	18	.	.	NOUN
ajfa-14348	34	19	1	1	NUM
ajfa-14348	34	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	34	21	66	66	NUM
ajfa-14348	34	22	2	2	NUM
ajfa-14348	34	23	.	.	PUNCT
ajfa-14348	34	24	related	relate	VERB
ajfa-14348	34	25	literature	literature	NOUN
ajfa-14348	34	26	most	most	ADJ
ajfa-14348	34	27	of	of	ADP
ajfa-14348	34	28	the	the	DET
ajfa-14348	34	29	existing	exist	VERB
ajfa-14348	34	30	literature	literature	NOUN
ajfa-14348	34	31	on	on	ADP
ajfa-14348	34	32	the	the	DET
ajfa-14348	34	33	linkage	linkage	NOUN
ajfa-14348	34	34	between	between	ADP
ajfa-14348	34	35	international	international	ADJ
ajfa-14348	34	36	crude	crude	ADJ
ajfa-14348	34	37	oil	oil	NOUN
ajfa-14348	34	38	futures	future	NOUN
ajfa-14348	34	39	and	and	CCONJ
ajfa-14348	34	40	stock	stock	NOUN
ajfa-14348	34	41	market	market	NOUN
ajfa-14348	34	42	is	be	AUX
ajfa-14348	34	43	based	base	VERB
ajfa-14348	34	44	on	on	ADP
ajfa-14348	34	45	stock	stock	NOUN
ajfa-14348	34	46	pricing	pricing	NOUN
ajfa-14348	34	47	model	model	NOUN
ajfa-14348	34	48	.	.	PUNCT
ajfa-14348	35	1	in	in	ADP
ajfa-14348	35	2	the	the	DET
ajfa-14348	35	3	stock	stock	NOUN
ajfa-14348	35	4	pricing	pricing	NOUN
ajfa-14348	35	5	model	model	NOUN
ajfa-14348	35	6	,	,	PUNCT
ajfa-14348	35	7	the	the	DET
ajfa-14348	35	8	stock	stock	NOUN
ajfa-14348	35	9	price	price	NOUN
ajfa-14348	35	10	at	at	ADP
ajfa-14348	35	11	each	each	DET
ajfa-14348	35	12	time	time	NOUN
ajfa-14348	35	13	point	point	NOUN
ajfa-14348	35	14	corresponds	correspond	VERB
ajfa-14348	35	15	to	to	ADP
ajfa-14348	35	16	the	the	DET
ajfa-14348	35	17	discount	discount	NOUN
ajfa-14348	35	18	value	value	NOUN
ajfa-14348	35	19	of	of	ADP
ajfa-14348	35	20	future	future	ADJ
ajfa-14348	35	21	cash	cash	NOUN
ajfa-14348	35	22	flow	flow	NOUN
ajfa-14348	35	23	.	.	PUNCT
ajfa-14348	36	1	early	early	ADJ
ajfa-14348	36	2	theoretical	theoretical	ADJ
ajfa-14348	36	3	studies	study	NOUN
ajfa-14348	36	4	have	have	AUX
ajfa-14348	36	5	shown	show	VERB
ajfa-14348	36	6	that	that	SCONJ
ajfa-14348	36	7	there	there	PRON
ajfa-14348	36	8	is	be	VERB
ajfa-14348	36	9	a	a	DET
ajfa-14348	36	10	close	close	ADJ
ajfa-14348	36	11	relationship	relationship	NOUN
ajfa-14348	36	12	between	between	ADP
ajfa-14348	36	13	crude	crude	ADJ
ajfa-14348	36	14	oil	oil	NOUN
ajfa-14348	36	15	price	price	NOUN
ajfa-14348	36	16	and	and	CCONJ
ajfa-14348	36	17	macro	macro	NOUN
ajfa-14348	36	18	-	-	NOUN
ajfa-14348	36	19	economy	economy	NOUN
ajfa-14348	36	20	.	.	PUNCT
ajfa-14348	37	1	crude	crude	ADJ
ajfa-14348	37	2	oil	oil	NOUN
ajfa-14348	37	3	futures	future	NOUN
ajfa-14348	37	4	price	price	NOUN
ajfa-14348	37	5	is	be	AUX
ajfa-14348	37	6	the	the	DET
ajfa-14348	37	7	embodiment	embodiment	NOUN
ajfa-14348	37	8	of	of	ADP
ajfa-14348	37	9	crude	crude	ADJ
ajfa-14348	37	10	oil	oil	NOUN
ajfa-14348	37	11	price	price	NOUN
ajfa-14348	37	12	,	,	PUNCT
ajfa-14348	37	13	and	and	CCONJ
ajfa-14348	37	14	stock	stock	NOUN
ajfa-14348	37	15	market	market	NOUN
ajfa-14348	37	16	is	be	AUX
ajfa-14348	37	17	the	the	DET
ajfa-14348	37	18	barometer	barometer	NOUN
ajfa-14348	37	19	of	of	ADP
ajfa-14348	37	20	macro	macro	NOUN
ajfa-14348	37	21	-	-	NOUN
ajfa-14348	37	22	economy	economy	NOUN
ajfa-14348	37	23	.	.	PUNCT
ajfa-14348	38	1	there	there	PRON
ajfa-14348	38	2	may	may	AUX
ajfa-14348	38	3	be	be	AUX
ajfa-14348	38	4	a	a	DET
ajfa-14348	38	5	corresponding	corresponding	ADJ
ajfa-14348	38	6	relationship	relationship	NOUN
ajfa-14348	38	7	between	between	ADP
ajfa-14348	38	8	crude	crude	ADJ
ajfa-14348	38	9	oil	oil	NOUN
ajfa-14348	38	10	futures	future	NOUN
ajfa-14348	38	11	price	price	NOUN
ajfa-14348	38	12	and	and	CCONJ
ajfa-14348	38	13	stock	stock	NOUN
ajfa-14348	38	14	market	market	NOUN
ajfa-14348	38	15	.	.	PUNCT
ajfa-14348	39	1	huang	huang	PROPN
ajfa-14348	39	2	,	,	PUNCT
ajfa-14348	39	3	masulis	masulis	PROPN
ajfa-14348	39	4	and	and	CCONJ
ajfa-14348	39	5	stoll	stoll	PROPN
ajfa-14348	39	6	(	(	PUNCT
ajfa-14348	39	7	1996	1996	NUM
ajfa-14348	39	8	)	)	PUNCT
ajfa-14348	39	9	proposed	propose	VERB
ajfa-14348	39	10	that	that	SCONJ
ajfa-14348	39	11	changes	change	NOUN
ajfa-14348	39	12	in	in	ADP
ajfa-14348	39	13	international	international	ADJ
ajfa-14348	39	14	crude	crude	ADJ
ajfa-14348	39	15	oil	oil	NOUN
ajfa-14348	39	16	futures	future	NOUN
ajfa-14348	39	17	prices	price	NOUN
ajfa-14348	39	18	would	would	AUX
ajfa-14348	39	19	have	have	VERB
ajfa-14348	39	20	an	an	DET
ajfa-14348	39	21	impact	impact	NOUN
ajfa-14348	39	22	on	on	ADP
ajfa-14348	39	23	discount	discount	NOUN
ajfa-14348	39	24	rates	rate	NOUN
ajfa-14348	39	25	and	and	CCONJ
ajfa-14348	39	26	future	future	ADJ
ajfa-14348	39	27	cash	cash	NOUN
ajfa-14348	39	28	flows	flow	NOUN
ajfa-14348	39	29	of	of	ADP
ajfa-14348	39	30	companies	company	NOUN
ajfa-14348	39	31	.	.	PUNCT
ajfa-14348	40	1	crude	crude	ADJ
ajfa-14348	40	2	oil	oil	NOUN
ajfa-14348	40	3	price	price	NOUN
ajfa-14348	40	4	shocks	shock	NOUN
ajfa-14348	40	5	mainly	mainly	ADV
ajfa-14348	40	6	affect	affect	VERB
ajfa-14348	40	7	inflation	inflation	NOUN
ajfa-14348	40	8	and	and	CCONJ
ajfa-14348	40	9	interest	interest	NOUN
ajfa-14348	40	10	rates	rate	NOUN
ajfa-14348	40	11	through	through	ADP
ajfa-14348	40	12	influencing	influence	VERB
ajfa-14348	40	13	the	the	DET
ajfa-14348	40	14	government	government	NOUN
ajfa-14348	40	15	’s	’s	PART
ajfa-14348	40	16	monetary	monetary	ADJ
ajfa-14348	40	17	policy	policy	NOUN
ajfa-14348	40	18	.	.	PUNCT
ajfa-14348	41	1	when	when	SCONJ
ajfa-14348	41	2	the	the	DET
ajfa-14348	41	3	government	government	NOUN
ajfa-14348	41	4	is	be	AUX
ajfa-14348	41	5	facing	face	VERB
ajfa-14348	41	6	the	the	DET
ajfa-14348	41	7	impact	impact	NOUN
ajfa-14348	41	8	of	of	ADP
ajfa-14348	41	9	crude	crude	ADJ
ajfa-14348	41	10	oil	oil	NOUN
ajfa-14348	41	11	prices	price	NOUN
ajfa-14348	41	12	,	,	PUNCT
ajfa-14348	41	13	because	because	SCONJ
ajfa-14348	41	14	crude	crude	ADJ
ajfa-14348	41	15	oil	oil	NOUN
ajfa-14348	41	16	prices	price	NOUN
ajfa-14348	41	17	affect	affect	VERB
ajfa-14348	41	18	the	the	DET
ajfa-14348	41	19	production	production	NOUN
ajfa-14348	41	20	and	and	CCONJ
ajfa-14348	41	21	operation	operation	NOUN
ajfa-14348	41	22	costs	cost	NOUN
ajfa-14348	41	23	of	of	ADP
ajfa-14348	41	24	a	a	DET
ajfa-14348	41	25	considerable	considerable	ADJ
ajfa-14348	41	26	number	number	NOUN
ajfa-14348	41	27	of	of	ADP
ajfa-14348	41	28	companies	company	NOUN
ajfa-14348	41	29	,	,	PUNCT
ajfa-14348	41	30	in	in	ADP
ajfa-14348	41	31	order	order	NOUN
ajfa-14348	41	32	to	to	PART
ajfa-14348	41	33	stabilize	stabilize	VERB
ajfa-14348	41	34	the	the	DET
ajfa-14348	41	35	economy	economy	NOUN
ajfa-14348	41	36	and	and	CCONJ
ajfa-14348	41	37	investor	investor	NOUN
ajfa-14348	41	38	sentiment	sentiment	NOUN
ajfa-14348	41	39	,	,	PUNCT
ajfa-14348	41	40	the	the	DET
ajfa-14348	41	41	government	government	NOUN
ajfa-14348	41	42	usually	usually	ADV
ajfa-14348	41	43	adjusts	adjust	VERB
ajfa-14348	41	44	the	the	DET
ajfa-14348	41	45	interest	interest	NOUN
ajfa-14348	41	46	rate	rate	NOUN
ajfa-14348	41	47	and	and	CCONJ
ajfa-14348	41	48	inflation	inflation	NOUN
ajfa-14348	41	49	rate	rate	NOUN
ajfa-14348	41	50	accordingly	accordingly	ADV
ajfa-14348	41	51	.	.	PUNCT
ajfa-14348	42	1	hooker	hooker	PROPN
ajfa-14348	42	2	,	,	PUNCT
ajfa-14348	42	3	leblanc	leblanc	PROPN
ajfa-14348	42	4	and	and	CCONJ
ajfa-14348	42	5	chin	chin	PROPN
ajfa-14348	42	6	(	(	PUNCT
ajfa-14348	42	7	2004	2004	NUM
ajfa-14348	42	8	)	)	PUNCT
ajfa-14348	42	9	argued	argue	VERB
ajfa-14348	42	10	that	that	SCONJ
ajfa-14348	42	11	the	the	DET
ajfa-14348	42	12	impact	impact	NOUN
ajfa-14348	42	13	of	of	ADP
ajfa-14348	42	14	international	international	ADJ
ajfa-14348	42	15	crude	crude	ADJ
ajfa-14348	42	16	oil	oil	NOUN
ajfa-14348	42	17	futures	future	NOUN
ajfa-14348	42	18	prices	price	NOUN
ajfa-14348	42	19	on	on	ADP
ajfa-14348	42	20	inflation	inflation	NOUN
ajfa-14348	42	21	is	be	AUX
ajfa-14348	42	22	asymmetric	asymmetric	ADJ
ajfa-14348	42	23	.	.	PUNCT
ajfa-14348	43	1	this	this	PRON
ajfa-14348	43	2	may	may	AUX
ajfa-14348	43	3	be	be	AUX
ajfa-14348	43	4	because	because	SCONJ
ajfa-14348	43	5	the	the	DET
ajfa-14348	43	6	government	government	NOUN
ajfa-14348	43	7	can	can	AUX
ajfa-14348	43	8	not	not	PART
ajfa-14348	43	9	regulate	regulate	VERB
ajfa-14348	43	10	the	the	DET
ajfa-14348	43	11	currency	currency	NOUN
ajfa-14348	43	12	as	as	ADV
ajfa-14348	43	13	frequently	frequently	ADV
ajfa-14348	43	14	as	as	ADP
ajfa-14348	43	15	the	the	DET
ajfa-14348	43	16	fluctuation	fluctuation	NOUN
ajfa-14348	43	17	of	of	ADP
ajfa-14348	43	18	international	international	ADJ
ajfa-14348	43	19	crude	crude	ADJ
ajfa-14348	43	20	oil	oil	NOUN
ajfa-14348	43	21	futures	future	NOUN
ajfa-14348	43	22	prices	price	NOUN
ajfa-14348	43	23	,	,	PUNCT
ajfa-14348	43	24	so	so	CCONJ
ajfa-14348	43	25	the	the	DET
ajfa-14348	43	26	impact	impact	NOUN
ajfa-14348	43	27	of	of	ADP
ajfa-14348	43	28	international	international	ADJ
ajfa-14348	43	29	crude	crude	ADJ
ajfa-14348	43	30	oil	oil	NOUN
ajfa-14348	43	31	futures	future	NOUN
ajfa-14348	43	32	prices	price	NOUN
ajfa-14348	43	33	on	on	ADP
ajfa-14348	43	34	inflation	inflation	NOUN
ajfa-14348	43	35	is	be	AUX
ajfa-14348	43	36	band	band	NOUN
ajfa-14348	43	37	-	-	ADJ
ajfa-14348	43	38	wise	wise	ADJ
ajfa-14348	43	39	.	.	PUNCT
ajfa-14348	44	1	in	in	ADP
ajfa-14348	44	2	addition	addition	NOUN
ajfa-14348	44	3	,	,	PUNCT
ajfa-14348	44	4	changes	change	NOUN
ajfa-14348	44	5	in	in	ADP
ajfa-14348	44	6	crude	crude	ADJ
ajfa-14348	44	7	oil	oil	NOUN
ajfa-14348	44	8	prices	price	NOUN
ajfa-14348	44	9	will	will	AUX
ajfa-14348	44	10	also	also	ADV
ajfa-14348	44	11	have	have	VERB
ajfa-14348	44	12	an	an	DET
ajfa-14348	44	13	impact	impact	NOUN
ajfa-14348	44	14	on	on	ADP
ajfa-14348	44	15	the	the	DET
ajfa-14348	44	16	nation	nation	NOUN
ajfa-14348	44	17	’s	’s	PART
ajfa-14348	44	18	macroeconomic	macroeconomic	ADJ
ajfa-14348	44	19	situation	situation	NOUN
ajfa-14348	44	20	,	,	PUNCT
ajfa-14348	44	21	industry	industry	NOUN
ajfa-14348	44	22	development	development	NOUN
ajfa-14348	44	23	and	and	CCONJ
ajfa-14348	44	24	companies	company	NOUN
ajfa-14348	44	25	’	'	PUNCT
ajfa-14348	44	26	own	own	VERB
ajfa-14348	44	27	operating	operating	NOUN
ajfa-14348	44	28	conditions	condition	NOUN
ajfa-14348	44	29	.	.	PUNCT
ajfa-14348	45	1	fried	fry	VERB
ajfa-14348	45	2	and	and	CCONJ
ajfa-14348	45	3	schultze	schultze	NOUN
ajfa-14348	45	4	(	(	PUNCT
ajfa-14348	45	5	1975	1975	NUM
ajfa-14348	45	6	)	)	PUNCT
ajfa-14348	45	7	argue	argue	VERB
ajfa-14348	45	8	that	that	SCONJ
ajfa-14348	45	9	rising	rise	VERB
ajfa-14348	45	10	crude	crude	ADJ
ajfa-14348	45	11	oil	oil	NOUN
ajfa-14348	45	12	prices	price	NOUN
ajfa-14348	45	13	would	would	AUX
ajfa-14348	45	14	lead	lead	VERB
ajfa-14348	45	15	to	to	ADP
ajfa-14348	45	16	lower	low	ADJ
ajfa-14348	45	17	global	global	ADJ
ajfa-14348	45	18	demand	demand	NOUN
ajfa-14348	45	19	and	and	CCONJ
ajfa-14348	45	20	economic	economic	ADJ
ajfa-14348	45	21	recession	recession	NOUN
ajfa-14348	45	22	.	.	PUNCT
ajfa-14348	46	1	hamilton	hamilton	PROPN
ajfa-14348	46	2	(	(	PUNCT
ajfa-14348	46	3	1983	1983	NUM
ajfa-14348	46	4	)	)	PUNCT
ajfa-14348	46	5	constructed	construct	VERB
ajfa-14348	46	6	a	a	DET
ajfa-14348	46	7	six	six	NUM
ajfa-14348	46	8	-	-	PUNCT
ajfa-14348	46	9	variable	variable	ADJ
ajfa-14348	46	10	system	system	NOUN
ajfa-14348	46	11	similar	similar	ADJ
ajfa-14348	46	12	to	to	ADP
ajfa-14348	46	13	the	the	DET
ajfa-14348	46	14	real	real	ADJ
ajfa-14348	46	15	macro	macro	NOUN
ajfa-14348	46	16	-	-	NOUN
ajfa-14348	46	17	economy	economy	NOUN
ajfa-14348	46	18	and	and	CCONJ
ajfa-14348	46	19	found	find	VERB
ajfa-14348	46	20	that	that	SCONJ
ajfa-14348	46	21	the	the	DET
ajfa-14348	46	22	rise	rise	NOUN
ajfa-14348	46	23	of	of	ADP
ajfa-14348	46	24	international	international	ADJ
ajfa-14348	46	25	crude	crude	ADJ
ajfa-14348	46	26	oil	oil	NOUN
ajfa-14348	46	27	prices	price	NOUN
ajfa-14348	46	28	would	would	AUX
ajfa-14348	46	29	indeed	indeed	ADV
ajfa-14348	46	30	lead	lead	VERB
ajfa-14348	46	31	to	to	ADP
ajfa-14348	46	32	economic	economic	ADJ
ajfa-14348	46	33	recession	recession	NOUN
ajfa-14348	46	34	.	.	PUNCT
ajfa-14348	47	1	the	the	DET
ajfa-14348	47	2	most	most	ADV
ajfa-14348	47	3	obvious	obvious	ADJ
ajfa-14348	47	4	industry	industry	NOUN
ajfa-14348	47	5	impacted	impact	VERB
ajfa-14348	47	6	by	by	ADP
ajfa-14348	47	7	the	the	DET
ajfa-14348	47	8	rising	rise	VERB
ajfa-14348	47	9	crude	crude	ADJ
ajfa-14348	47	10	oil	oil	NOUN
ajfa-14348	47	11	price	price	NOUN
ajfa-14348	47	12	would	would	AUX
ajfa-14348	47	13	be	be	AUX
ajfa-14348	47	14	the	the	DET
ajfa-14348	47	15	crude	crude	ADJ
ajfa-14348	47	16	oil	oil	NOUN
ajfa-14348	47	17	extraction	extraction	NOUN
ajfa-14348	47	18	and	and	CCONJ
ajfa-14348	47	19	processing	processing	NOUN
ajfa-14348	47	20	industry	industry	NOUN
ajfa-14348	47	21	.	.	PUNCT
ajfa-14348	48	1	in	in	ADP
ajfa-14348	48	2	addition	addition	NOUN
ajfa-14348	48	3	,	,	PUNCT
ajfa-14348	48	4	most	most	ADJ
ajfa-14348	48	5	companies	company	NOUN
ajfa-14348	48	6	use	use	VERB
ajfa-14348	48	7	crude	crude	ADJ
ajfa-14348	48	8	oil	oil	NOUN
ajfa-14348	48	9	more	more	ADV
ajfa-14348	48	10	or	or	CCONJ
ajfa-14348	48	11	less	less	ADJ
ajfa-14348	48	12	as	as	ADP
ajfa-14348	48	13	fuel	fuel	NOUN
ajfa-14348	48	14	(	(	PUNCT
ajfa-14348	48	15	raw	raw	ADJ
ajfa-14348	48	16	materials	material	NOUN
ajfa-14348	48	17	)	)	PUNCT
ajfa-14348	48	18	,	,	PUNCT
ajfa-14348	48	19	and	and	CCONJ
ajfa-14348	48	20	the	the	DET
ajfa-14348	48	21	fluctuation	fluctuation	NOUN
ajfa-14348	48	22	of	of	ADP
ajfa-14348	48	23	crude	crude	ADJ
ajfa-14348	48	24	oil	oil	NOUN
ajfa-14348	48	25	price	price	NOUN
ajfa-14348	48	26	undoubtedly	undoubtedly	ADV
ajfa-14348	48	27	affect	affect	VERB
ajfa-14348	48	28	the	the	DET
ajfa-14348	48	29	operating	operating	NOUN
ajfa-14348	48	30	conditions	condition	NOUN
ajfa-14348	48	31	of	of	ADP
ajfa-14348	48	32	companies	company	NOUN
ajfa-14348	48	33	,	,	PUNCT
ajfa-14348	48	34	and	and	CCONJ
ajfa-14348	48	35	then	then	ADV
ajfa-14348	48	36	affect	affect	VERB
ajfa-14348	48	37	the	the	DET
ajfa-14348	48	38	cash	cash	NOUN
ajfa-14348	48	39	flow	flow	NOUN
ajfa-14348	48	40	of	of	ADP
ajfa-14348	48	41	companies	company	NOUN
ajfa-14348	48	42	.	.	PUNCT
ajfa-14348	49	1	early	early	ADJ
ajfa-14348	49	2	studies	study	NOUN
ajfa-14348	49	3	on	on	ADP
ajfa-14348	49	4	the	the	DET
ajfa-14348	49	5	linkage	linkage	NOUN
ajfa-14348	49	6	between	between	ADP
ajfa-14348	49	7	international	international	ADJ
ajfa-14348	49	8	crude	crude	ADJ
ajfa-14348	49	9	oil	oil	NOUN
ajfa-14348	49	10	futures	future	NOUN
ajfa-14348	49	11	prices	price	NOUN
ajfa-14348	49	12	and	and	CCONJ
ajfa-14348	49	13	stock	stock	NOUN
ajfa-14348	49	14	markets	market	NOUN
ajfa-14348	49	15	did	do	AUX
ajfa-14348	49	16	not	not	PART
ajfa-14348	49	17	find	find	VERB
ajfa-14348	49	18	significant	significant	ADJ
ajfa-14348	49	19	results	result	NOUN
ajfa-14348	49	20	.	.	PUNCT
ajfa-14348	50	1	the	the	DET
ajfa-14348	50	2	multi	multi	ADJ
ajfa-14348	50	3	-	-	ADJ
ajfa-14348	50	4	factor	factor	NOUN
ajfa-14348	50	5	model	model	NOUN
ajfa-14348	50	6	used	use	VERB
ajfa-14348	50	7	by	by	ADP
ajfa-14348	50	8	chen	chen	PROPN
ajfa-14348	50	9	,	,	PUNCT
ajfa-14348	50	10	roll	roll	NOUN
ajfa-14348	50	11	and	and	CCONJ
ajfa-14348	50	12	ross	ross	PROPN
ajfa-14348	50	13	(	(	PUNCT
ajfa-14348	50	14	1986	1986	NUM
ajfa-14348	50	15	)	)	PUNCT
ajfa-14348	50	16	is	be	AUX
ajfa-14348	50	17	a	a	DET
ajfa-14348	50	18	model	model	NOUN
ajfa-14348	50	19	for	for	ADP
ajfa-14348	50	20	early	early	ADJ
ajfa-14348	50	21	research	research	NOUN
ajfa-14348	50	22	on	on	ADP
ajfa-14348	50	23	the	the	DET
ajfa-14348	50	24	impact	impact	NOUN
ajfa-14348	50	25	of	of	ADP
ajfa-14348	50	26	international	international	ADJ
ajfa-14348	50	27	crude	crude	ADJ
ajfa-14348	50	28	oil	oil	NOUN
ajfa-14348	50	29	futures	future	NOUN
ajfa-14348	50	30	prices	price	NOUN
ajfa-14348	50	31	on	on	ADP
ajfa-14348	50	32	stock	stock	NOUN
ajfa-14348	50	33	markets	market	NOUN
ajfa-14348	50	34	.	.	PUNCT
ajfa-14348	51	1	since	since	SCONJ
ajfa-14348	51	2	then	then	ADV
ajfa-14348	51	3	,	,	PUNCT
ajfa-14348	51	4	hamao	hamao	PROPN
ajfa-14348	51	5	(	(	PUNCT
ajfa-14348	51	6	1990	1990	NUM
ajfa-14348	51	7	)	)	PUNCT
ajfa-14348	51	8	,	,	PUNCT
ajfa-14348	51	9	ferson	ferson	NOUN
ajfa-14348	51	10	and	and	CCONJ
ajfa-14348	51	11	havey	havey	PROPN
ajfa-14348	51	12	(	(	PUNCT
ajfa-14348	51	13	1994	1994	NUM
ajfa-14348	51	14	)	)	PUNCT
ajfa-14348	51	15	have	have	AUX
ajfa-14348	51	16	extended	extend	VERB
ajfa-14348	51	17	the	the	DET
ajfa-14348	51	18	model	model	NOUN
ajfa-14348	51	19	,	,	PUNCT
ajfa-14348	51	20	but	but	CCONJ
ajfa-14348	51	21	no	no	DET
ajfa-14348	51	22	significant	significant	ADJ
ajfa-14348	51	23	impact	impact	NOUN
ajfa-14348	51	24	of	of	ADP
ajfa-14348	51	25	international	international	ADJ
ajfa-14348	51	26	crude	crude	ADJ
ajfa-14348	51	27	oil	oil	NOUN
ajfa-14348	51	28	futures	future	NOUN
ajfa-14348	51	29	prices	price	NOUN
ajfa-14348	51	30	on	on	ADP
ajfa-14348	51	31	the	the	DET
ajfa-14348	51	32	stock	stock	NOUN
ajfa-14348	51	33	market	market	NOUN
ajfa-14348	51	34	has	have	AUX
ajfa-14348	51	35	been	be	AUX
ajfa-14348	51	36	found	find	VERB
ajfa-14348	51	37	in	in	ADP
ajfa-14348	51	38	the	the	DET
ajfa-14348	51	39	us	us	PROPN
ajfa-14348	51	40	and	and	CCONJ
ajfa-14348	51	41	japanese	japanese	ADJ
ajfa-14348	51	42	stock	stock	NOUN
ajfa-14348	51	43	markets	market	NOUN
ajfa-14348	51	44	.	.	PUNCT
ajfa-14348	52	1	however	however	ADV
ajfa-14348	52	2	,	,	PUNCT
ajfa-14348	52	3	most	most	ADV
ajfa-14348	52	4	subsequent	subsequent	ADJ
ajfa-14348	52	5	studies	study	NOUN
ajfa-14348	52	6	have	have	AUX
ajfa-14348	52	7	come	come	VERB
ajfa-14348	52	8	to	to	ADP
ajfa-14348	52	9	the	the	DET
ajfa-14348	52	10	conclusion	conclusion	NOUN
ajfa-14348	52	11	that	that	SCONJ
ajfa-14348	52	12	international	international	ADJ
ajfa-14348	52	13	crude	crude	ADJ
ajfa-14348	52	14	oil	oil	NOUN
ajfa-14348	52	15	futures	future	NOUN
ajfa-14348	52	16	prices	price	NOUN
ajfa-14348	52	17	impact	impact	VERB
ajfa-14348	52	18	the	the	DET
ajfa-14348	52	19	stock	stock	NOUN
ajfa-14348	52	20	market	market	NOUN
ajfa-14348	52	21	.	.	PUNCT
ajfa-14348	53	1	jones	jones	PROPN
ajfa-14348	53	2	and	and	CCONJ
ajfa-14348	53	3	kaul	kaul	PROPN
ajfa-14348	53	4	(	(	PUNCT
ajfa-14348	53	5	1996	1996	NUM
ajfa-14348	53	6	)	)	PUNCT
ajfa-14348	53	7	found	find	VERB
ajfa-14348	53	8	that	that	SCONJ
ajfa-14348	53	9	the	the	DET
ajfa-14348	53	10	impact	impact	NOUN
ajfa-14348	53	11	of	of	ADP
ajfa-14348	53	12	international	international	ADJ
ajfa-14348	53	13	crude	crude	ADJ
ajfa-14348	53	14	oil	oil	NOUN
ajfa-14348	53	15	futures	future	NOUN
ajfa-14348	53	16	prices	price	NOUN
ajfa-14348	53	17	on	on	ADP
ajfa-14348	53	18	canadian	canadian	ADJ
ajfa-14348	53	19	and	and	CCONJ
ajfa-14348	53	20	american	american	ADJ
ajfa-14348	53	21	stock	stock	NOUN
ajfa-14348	53	22	markets	market	NOUN
ajfa-14348	53	23	is	be	AUX
ajfa-14348	53	24	significant	significant	ADJ
ajfa-14348	53	25	.	.	PUNCT
ajfa-14348	54	1	qi	qi	PROPN
ajfa-14348	54	2	and	and	CCONJ
ajfa-14348	54	3	zhu	zhu	PROPN
ajfa-14348	54	4	(	(	PUNCT
ajfa-14348	54	5	2011	2011	NUM
ajfa-14348	54	6	)	)	PUNCT
ajfa-14348	54	7	and	and	CCONJ
ajfa-14348	54	8	zhang	zhang	PROPN
ajfa-14348	54	9	and	and	CCONJ
ajfa-14348	54	10	wang	wang	PROPN
ajfa-14348	54	11	(	(	PUNCT
ajfa-14348	54	12	2013	2013	NUM
ajfa-14348	54	13	)	)	PUNCT
ajfa-14348	54	14	found	find	VERB
ajfa-14348	54	15	that	that	SCONJ
ajfa-14348	54	16	the	the	DET
ajfa-14348	54	17	fluctuation	fluctuation	NOUN
ajfa-14348	54	18	of	of	ADP
ajfa-14348	54	19	international	international	ADJ
ajfa-14348	54	20	crude	crude	ADJ
ajfa-14348	54	21	oil	oil	NOUN
ajfa-14348	54	22	futures	future	NOUN
ajfa-14348	54	23	prices	price	NOUN
ajfa-14348	54	24	had	have	VERB
ajfa-14348	54	25	a	a	DET
ajfa-14348	54	26	strong	strong	ADJ
ajfa-14348	54	27	and	and	CCONJ
ajfa-14348	54	28	lasting	lasting	ADJ
ajfa-14348	54	29	influence	influence	NOUN
ajfa-14348	54	30	on	on	ADP
ajfa-14348	54	31	the	the	DET
ajfa-14348	54	32	stock	stock	NOUN
ajfa-14348	54	33	markets	market	NOUN
ajfa-14348	54	34	of	of	ADP
ajfa-14348	54	35	the	the	DET
ajfa-14348	54	36	united	united	PROPN
ajfa-14348	54	37	kingdom	kingdom	PROPN
ajfa-14348	54	38	and	and	CCONJ
ajfa-14348	54	39	the	the	DET
ajfa-14348	54	40	united	united	PROPN
ajfa-14348	54	41	states	states	PROPN
ajfa-14348	54	42	,	,	PUNCT
ajfa-14348	54	43	but	but	CCONJ
ajfa-14348	54	44	had	have	VERB
ajfa-14348	54	45	a	a	DET
ajfa-14348	54	46	small	small	ADJ
ajfa-14348	54	47	impact	impact	NOUN
ajfa-14348	54	48	on	on	ADP
ajfa-14348	54	49	the	the	DET
ajfa-14348	54	50	stock	stock	NOUN
ajfa-14348	54	51	markets	market	NOUN
ajfa-14348	54	52	of	of	ADP
ajfa-14348	54	53	china	china	PROPN
ajfa-14348	54	54	and	and	CCONJ
ajfa-14348	54	55	india	india	PROPN
ajfa-14348	54	56	.	.	PUNCT
ajfa-14348	55	1	zhuge	zhuge	PROPN
ajfa-14348	55	2	and	and	CCONJ
ajfa-14348	55	3	hao	hao	PROPN
ajfa-14348	55	4	(	(	PUNCT
ajfa-14348	55	5	2009	2009	NUM
ajfa-14348	55	6	)	)	PUNCT
ajfa-14348	55	7	found	find	VERB
ajfa-14348	55	8	that	that	SCONJ
ajfa-14348	55	9	there	there	PRON
ajfa-14348	55	10	was	be	VERB
ajfa-14348	55	11	a	a	DET
ajfa-14348	55	12	long	long	ADJ
ajfa-14348	55	13	-	-	PUNCT
ajfa-14348	55	14	term	term	NOUN
ajfa-14348	55	15	asian	asian	ADJ
ajfa-14348	55	16	journal	journal	NOUN
ajfa-14348	55	17	of	of	ADP
ajfa-14348	55	18	finance	finance	PROPN
ajfa-14348	55	19	&	&	CCONJ
ajfa-14348	55	20	accounting	accounting	PROPN
ajfa-14348	55	21	issn	issn	PROPN
ajfa-14348	55	22	1946	1946	NUM
ajfa-14348	55	23	-	-	PUNCT
ajfa-14348	55	24	052x	052x	PROPN
ajfa-14348	55	25	2019	2019	NUM
ajfa-14348	55	26	,	,	PUNCT
ajfa-14348	55	27	vol	vol	NOUN
ajfa-14348	55	28	.	.	PROPN
ajfa-14348	55	29	11	11	NUM
ajfa-14348	55	30	,	,	PUNCT
ajfa-14348	55	31	no	no	INTJ
ajfa-14348	55	32	.	.	NOUN
ajfa-14348	55	33	1	1	NUM
ajfa-14348	55	34	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	55	35	67	67	NUM
ajfa-14348	55	36	cointegration	cointegration	NOUN
ajfa-14348	55	37	relationship	relationship	NOUN
ajfa-14348	55	38	between	between	ADP
ajfa-14348	55	39	the	the	DET
ajfa-14348	55	40	volatility	volatility	NOUN
ajfa-14348	55	41	of	of	ADP
ajfa-14348	55	42	china	china	PROPN
ajfa-14348	55	43	’s	’s	PART
ajfa-14348	55	44	stock	stock	NOUN
ajfa-14348	55	45	market	market	NOUN
ajfa-14348	55	46	and	and	CCONJ
ajfa-14348	55	47	the	the	DET
ajfa-14348	55	48	volatility	volatility	NOUN
ajfa-14348	55	49	of	of	ADP
ajfa-14348	55	50	international	international	ADJ
ajfa-14348	55	51	crude	crude	ADJ
ajfa-14348	55	52	oil	oil	NOUN
ajfa-14348	55	53	futures	future	NOUN
ajfa-14348	55	54	prices	price	NOUN
ajfa-14348	55	55	between	between	ADP
ajfa-14348	55	56	2002	2002	NUM
ajfa-14348	55	57	and	and	CCONJ
ajfa-14348	55	58	2008	2008	NUM
ajfa-14348	55	59	,	,	PUNCT
ajfa-14348	55	60	which	which	PRON
ajfa-14348	55	61	was	be	AUX
ajfa-14348	55	62	consistent	consistent	ADJ
ajfa-14348	55	63	with	with	ADP
ajfa-14348	55	64	the	the	DET
ajfa-14348	55	65	results	result	NOUN
ajfa-14348	55	66	obtained	obtain	VERB
ajfa-14348	55	67	by	by	ADP
ajfa-14348	55	68	zhang	zhang	PROPN
ajfa-14348	55	69	(	(	PUNCT
ajfa-14348	55	70	2013	2013	NUM
ajfa-14348	55	71	)	)	PUNCT
ajfa-14348	55	72	using	use	VERB
ajfa-14348	55	73	data	datum	NOUN
ajfa-14348	55	74	from	from	ADP
ajfa-14348	55	75	2006	2006	NUM
ajfa-14348	55	76	to	to	ADP
ajfa-14348	55	77	2010	2010	NUM
ajfa-14348	55	78	.	.	PUNCT
ajfa-14348	56	1	zhu	zhu	PROPN
ajfa-14348	56	2	(	(	PUNCT
ajfa-14348	56	3	2015	2015	NUM
ajfa-14348	56	4	)	)	PUNCT
ajfa-14348	56	5	established	establish	VERB
ajfa-14348	56	6	an	an	DET
ajfa-14348	56	7	asymmetric	asymmetric	ADJ
ajfa-14348	56	8	bekk	bekk	NOUN
ajfa-14348	56	9	model	model	NOUN
ajfa-14348	56	10	and	and	CCONJ
ajfa-14348	56	11	wald	wald	NOUN
ajfa-14348	56	12	test	test	NOUN
ajfa-14348	56	13	.	.	PUNCT
ajfa-14348	57	1	it	it	PRON
ajfa-14348	57	2	was	be	AUX
ajfa-14348	57	3	found	find	VERB
ajfa-14348	57	4	that	that	SCONJ
ajfa-14348	57	5	there	there	PRON
ajfa-14348	57	6	was	be	VERB
ajfa-14348	57	7	a	a	DET
ajfa-14348	57	8	two	two	NUM
ajfa-14348	57	9	-	-	PUNCT
ajfa-14348	57	10	way	way	NOUN
ajfa-14348	57	11	volatility	volatility	NOUN
ajfa-14348	57	12	spillover	spillover	VERB
ajfa-14348	57	13	effect	effect	NOUN
ajfa-14348	57	14	between	between	ADP
ajfa-14348	57	15	international	international	ADJ
ajfa-14348	57	16	crude	crude	ADJ
ajfa-14348	57	17	oil	oil	NOUN
ajfa-14348	57	18	futures	future	NOUN
ajfa-14348	57	19	and	and	CCONJ
ajfa-14348	57	20	stock	stock	NOUN
ajfa-14348	57	21	markets	market	NOUN
ajfa-14348	57	22	.	.	PUNCT
ajfa-14348	58	1	despite	despite	SCONJ
ajfa-14348	58	2	a	a	DET
ajfa-14348	58	3	great	great	ADJ
ajfa-14348	58	4	deal	deal	NOUN
ajfa-14348	58	5	of	of	ADP
ajfa-14348	58	6	literature	literature	NOUN
ajfa-14348	58	7	,	,	PUNCT
ajfa-14348	58	8	there	there	PRON
ajfa-14348	58	9	are	be	VERB
ajfa-14348	58	10	relatively	relatively	ADV
ajfa-14348	58	11	few	few	ADJ
ajfa-14348	58	12	studies	study	NOUN
ajfa-14348	58	13	on	on	ADP
ajfa-14348	58	14	the	the	DET
ajfa-14348	58	15	impact	impact	NOUN
ajfa-14348	58	16	of	of	ADP
ajfa-14348	58	17	international	international	ADJ
ajfa-14348	58	18	crude	crude	ADJ
ajfa-14348	58	19	oil	oil	NOUN
ajfa-14348	58	20	futures	future	NOUN
ajfa-14348	58	21	prices	price	NOUN
ajfa-14348	58	22	on	on	ADP
ajfa-14348	58	23	various	various	ADJ
ajfa-14348	58	24	industry	industry	NOUN
ajfa-14348	58	25	indices	index	NOUN
ajfa-14348	58	26	of	of	ADP
ajfa-14348	58	27	the	the	DET
ajfa-14348	58	28	stock	stock	NOUN
ajfa-14348	58	29	market	market	NOUN
ajfa-14348	58	30	.	.	PUNCT
ajfa-14348	59	1	sadorsky	sadorsky	PROPN
ajfa-14348	59	2	(	(	PUNCT
ajfa-14348	59	3	2001	2001	NUM
ajfa-14348	59	4	)	)	PUNCT
ajfa-14348	59	5	found	find	VERB
ajfa-14348	59	6	that	that	SCONJ
ajfa-14348	59	7	the	the	DET
ajfa-14348	59	8	stock	stock	NOUN
ajfa-14348	59	9	returns	return	NOUN
ajfa-14348	59	10	of	of	ADP
ajfa-14348	59	11	oil	oil	NOUN
ajfa-14348	59	12	companies	company	NOUN
ajfa-14348	59	13	are	be	AUX
ajfa-14348	59	14	positively	positively	ADV
ajfa-14348	59	15	correlated	correlate	VERB
ajfa-14348	59	16	with	with	ADP
ajfa-14348	59	17	oil	oil	NOUN
ajfa-14348	59	18	prices	price	NOUN
ajfa-14348	59	19	,	,	PUNCT
ajfa-14348	59	20	while	while	SCONJ
ajfa-14348	59	21	the	the	DET
ajfa-14348	59	22	stock	stock	NOUN
ajfa-14348	59	23	returns	return	NOUN
ajfa-14348	59	24	of	of	ADP
ajfa-14348	59	25	natural	natural	ADJ
ajfa-14348	59	26	gas	gas	NOUN
ajfa-14348	59	27	companies	company	NOUN
ajfa-14348	59	28	are	be	AUX
ajfa-14348	59	29	negatively	negatively	ADV
ajfa-14348	59	30	correlated	correlate	VERB
ajfa-14348	59	31	with	with	ADP
ajfa-14348	59	32	them	they	PRON
ajfa-14348	59	33	.	.	PUNCT
ajfa-14348	60	1	lao	lao	PROPN
ajfa-14348	60	2	(	(	PUNCT
ajfa-14348	60	3	2008	2008	NUM
ajfa-14348	60	4	)	)	PUNCT
ajfa-14348	60	5	used	use	VERB
ajfa-14348	60	6	the	the	DET
ajfa-14348	60	7	method	method	NOUN
ajfa-14348	60	8	of	of	ADP
ajfa-14348	60	9	multivariate	multivariate	NOUN
ajfa-14348	60	10	equation	equation	NOUN
ajfa-14348	60	11	regression	regression	NOUN
ajfa-14348	60	12	and	and	CCONJ
ajfa-14348	60	13	concluded	conclude	VERB
ajfa-14348	60	14	that	that	SCONJ
ajfa-14348	60	15	the	the	DET
ajfa-14348	60	16	international	international	ADJ
ajfa-14348	60	17	crude	crude	ADJ
ajfa-14348	60	18	oil	oil	NOUN
ajfa-14348	60	19	futures	future	NOUN
ajfa-14348	60	20	price	price	NOUN
ajfa-14348	60	21	has	have	VERB
ajfa-14348	60	22	a	a	DET
ajfa-14348	60	23	significant	significant	ADJ
ajfa-14348	60	24	positive	positive	ADJ
ajfa-14348	60	25	impact	impact	NOUN
ajfa-14348	60	26	on	on	ADP
ajfa-14348	60	27	the	the	DET
ajfa-14348	60	28	first	first	ADJ
ajfa-14348	60	29	-	-	PUNCT
ajfa-14348	60	30	class	class	NOUN
ajfa-14348	60	31	industry	industry	NOUN
ajfa-14348	60	32	index	index	NOUN
ajfa-14348	60	33	(	(	PUNCT
ajfa-14348	60	34	including	include	VERB
ajfa-14348	60	35	financial	financial	ADJ
ajfa-14348	60	36	,	,	PUNCT
ajfa-14348	60	37	industrial	industrial	ADJ
ajfa-14348	60	38	and	and	CCONJ
ajfa-14348	60	39	other	other	ADJ
ajfa-14348	60	40	categories	category	NOUN
ajfa-14348	60	41	of	of	ADP
ajfa-14348	60	42	index	index	NOUN
ajfa-14348	60	43	)	)	PUNCT
ajfa-14348	60	44	.	.	PUNCT
ajfa-14348	61	1	however	however	ADV
ajfa-14348	61	2	,	,	PUNCT
ajfa-14348	61	3	by	by	ADP
ajfa-14348	61	4	establishing	establish	VERB
ajfa-14348	61	5	ged	ge	VERB
ajfa-14348	61	6	-	-	PUNCT
ajfa-14348	61	7	garch	garch	NOUN
ajfa-14348	61	8	(	(	PUNCT
ajfa-14348	61	9	1,1)-m	1,1)-m	PROPN
ajfa-14348	61	10	model	model	NOUN
ajfa-14348	61	11	,	,	PUNCT
ajfa-14348	61	12	jin	jin	NOUN
ajfa-14348	61	13	and	and	CCONJ
ajfa-14348	61	14	jin	jin	NOUN
ajfa-14348	61	15	(	(	PUNCT
ajfa-14348	61	16	2010	2010	NUM
ajfa-14348	61	17	)	)	PUNCT
ajfa-14348	61	18	found	find	VERB
ajfa-14348	61	19	that	that	SCONJ
ajfa-14348	61	20	international	international	ADJ
ajfa-14348	61	21	crude	crude	ADJ
ajfa-14348	61	22	oil	oil	NOUN
ajfa-14348	61	23	futures	future	NOUN
ajfa-14348	61	24	prices	price	NOUN
ajfa-14348	61	25	had	have	VERB
ajfa-14348	61	26	significant	significant	ADJ
ajfa-14348	61	27	negative	negative	ADJ
ajfa-14348	61	28	effects	effect	NOUN
ajfa-14348	61	29	on	on	ADP
ajfa-14348	61	30	automobile	automobile	NOUN
ajfa-14348	61	31	,	,	PUNCT
ajfa-14348	61	32	construction	construction	NOUN
ajfa-14348	61	33	,	,	PUNCT
ajfa-14348	61	34	finance	finance	NOUN
ajfa-14348	61	35	and	and	CCONJ
ajfa-14348	61	36	other	other	ADJ
ajfa-14348	61	37	industries	industry	NOUN
ajfa-14348	61	38	,	,	PUNCT
ajfa-14348	61	39	but	but	CCONJ
ajfa-14348	61	40	had	have	VERB
ajfa-14348	61	41	significant	significant	ADJ
ajfa-14348	61	42	positive	positive	ADJ
ajfa-14348	61	43	effects	effect	NOUN
ajfa-14348	61	44	on	on	ADP
ajfa-14348	61	45	the	the	DET
ajfa-14348	61	46	crude	crude	ADJ
ajfa-14348	61	47	oil	oil	NOUN
ajfa-14348	61	48	industry	industry	NOUN
ajfa-14348	61	49	and	and	CCONJ
ajfa-14348	61	50	the	the	DET
ajfa-14348	61	51	gas	gas	NOUN
ajfa-14348	61	52	industry	industry	NOUN
ajfa-14348	61	53	.	.	PUNCT
ajfa-14348	62	1	dai	dai	PROPN
ajfa-14348	62	2	(	(	PUNCT
ajfa-14348	62	3	2014	2014	NUM
ajfa-14348	62	4	)	)	PUNCT
ajfa-14348	62	5	used	use	VERB
ajfa-14348	62	6	arma	arma	PROPN
ajfa-14348	62	7	-	-	PUNCT
ajfa-14348	62	8	egarch	egarch	NOUN
ajfa-14348	62	9	-	-	PUNCT
ajfa-14348	62	10	m	m	NOUN
ajfa-14348	62	11	model	model	NOUN
ajfa-14348	62	12	to	to	PART
ajfa-14348	62	13	analyze	analyze	VERB
ajfa-14348	62	14	the	the	DET
ajfa-14348	62	15	data	datum	NOUN
ajfa-14348	62	16	from	from	ADP
ajfa-14348	62	17	2009	2009	NUM
ajfa-14348	62	18	to	to	ADP
ajfa-14348	62	19	2013	2013	NUM
ajfa-14348	62	20	and	and	CCONJ
ajfa-14348	62	21	found	find	VERB
ajfa-14348	62	22	that	that	SCONJ
ajfa-14348	62	23	the	the	DET
ajfa-14348	62	24	rise	rise	NOUN
ajfa-14348	62	25	of	of	ADP
ajfa-14348	62	26	international	international	ADJ
ajfa-14348	62	27	crude	crude	ADJ
ajfa-14348	62	28	oil	oil	NOUN
ajfa-14348	62	29	futures	future	NOUN
ajfa-14348	62	30	prices	price	NOUN
ajfa-14348	62	31	have	have	VERB
ajfa-14348	62	32	a	a	DET
ajfa-14348	62	33	positive	positive	ADJ
ajfa-14348	62	34	impact	impact	NOUN
ajfa-14348	62	35	on	on	ADP
ajfa-14348	62	36	the	the	DET
ajfa-14348	62	37	mining	mining	NOUN
ajfa-14348	62	38	industry	industry	NOUN
ajfa-14348	62	39	,	,	PUNCT
ajfa-14348	62	40	but	but	CCONJ
ajfa-14348	62	41	a	a	DET
ajfa-14348	62	42	negative	negative	ADJ
ajfa-14348	62	43	impact	impact	NOUN
ajfa-14348	62	44	on	on	ADP
ajfa-14348	62	45	the	the	DET
ajfa-14348	62	46	chemical	chemical	NOUN
ajfa-14348	62	47	industry	industry	NOUN
ajfa-14348	62	48	.	.	PUNCT
ajfa-14348	63	1	most	most	ADJ
ajfa-14348	63	2	of	of	ADP
ajfa-14348	63	3	the	the	DET
ajfa-14348	63	4	previous	previous	ADJ
ajfa-14348	63	5	literature	literature	NOUN
ajfa-14348	63	6	assumed	assume	VERB
ajfa-14348	63	7	that	that	SCONJ
ajfa-14348	63	8	there	there	PRON
ajfa-14348	63	9	was	be	VERB
ajfa-14348	63	10	a	a	DET
ajfa-14348	63	11	stable	stable	ADJ
ajfa-14348	63	12	linear	linear	NOUN
ajfa-14348	63	13	relationship	relationship	NOUN
ajfa-14348	63	14	between	between	ADP
ajfa-14348	63	15	macro	macro	NOUN
ajfa-14348	63	16	-	-	NOUN
ajfa-14348	63	17	economy	economy	NOUN
ajfa-14348	63	18	and	and	CCONJ
ajfa-14348	63	19	international	international	ADJ
ajfa-14348	63	20	crude	crude	ADJ
ajfa-14348	63	21	oil	oil	NOUN
ajfa-14348	63	22	futures	future	NOUN
ajfa-14348	63	23	prices	price	NOUN
ajfa-14348	63	24	.	.	PUNCT
ajfa-14348	64	1	it	it	PRON
ajfa-14348	64	2	was	be	AUX
ajfa-14348	64	3	not	not	PART
ajfa-14348	64	4	until	until	SCONJ
ajfa-14348	64	5	mork	mork	NOUN
ajfa-14348	64	6	(	(	PUNCT
ajfa-14348	64	7	1989	1989	NUM
ajfa-14348	64	8	)	)	PUNCT
ajfa-14348	64	9	found	find	VERB
ajfa-14348	64	10	that	that	SCONJ
ajfa-14348	64	11	the	the	DET
ajfa-14348	64	12	impact	impact	NOUN
ajfa-14348	64	13	of	of	ADP
ajfa-14348	64	14	crude	crude	ADJ
ajfa-14348	64	15	oil	oil	NOUN
ajfa-14348	64	16	price	price	NOUN
ajfa-14348	64	17	shocks	shock	NOUN
ajfa-14348	64	18	on	on	ADP
ajfa-14348	64	19	macro	macro	NOUN
ajfa-14348	64	20	-	-	NOUN
ajfa-14348	64	21	economy	economy	NOUN
ajfa-14348	64	22	was	be	AUX
ajfa-14348	64	23	non	non	ADJ
ajfa-14348	64	24	-	-	ADJ
ajfa-14348	64	25	linear	linear	ADJ
ajfa-14348	64	26	and	and	CCONJ
ajfa-14348	64	27	asymmetric	asymmetric	ADJ
ajfa-14348	64	28	that	that	SCONJ
ajfa-14348	64	29	this	this	DET
ajfa-14348	64	30	assumption	assumption	NOUN
ajfa-14348	64	31	was	be	AUX
ajfa-14348	64	32	overturned	overturn	VERB
ajfa-14348	64	33	.	.	PUNCT
ajfa-14348	65	1	in	in	ADP
ajfa-14348	65	2	addition	addition	NOUN
ajfa-14348	65	3	,	,	PUNCT
ajfa-14348	65	4	some	some	DET
ajfa-14348	65	5	previous	previous	ADJ
ajfa-14348	65	6	literature	literature	NOUN
ajfa-14348	65	7	chose	choose	VERB
ajfa-14348	65	8	the	the	DET
ajfa-14348	65	9	composite	composite	ADJ
ajfa-14348	65	10	index	index	NOUN
ajfa-14348	65	11	as	as	ADP
ajfa-14348	65	12	the	the	DET
ajfa-14348	65	13	explained	explain	VERB
ajfa-14348	65	14	variable	variable	NOUN
ajfa-14348	65	15	,	,	PUNCT
ajfa-14348	65	16	but	but	CCONJ
ajfa-14348	65	17	did	do	AUX
ajfa-14348	65	18	not	not	PART
ajfa-14348	65	19	consider	consider	VERB
ajfa-14348	65	20	the	the	DET
ajfa-14348	65	21	possible	possible	ADJ
ajfa-14348	65	22	correlation	correlation	NOUN
ajfa-14348	65	23	between	between	ADP
ajfa-14348	65	24	the	the	DET
ajfa-14348	65	25	industry	industry	NOUN
ajfa-14348	65	26	index	index	NOUN
ajfa-14348	65	27	and	and	CCONJ
ajfa-14348	65	28	the	the	DET
ajfa-14348	65	29	international	international	ADJ
ajfa-14348	65	30	crude	crude	ADJ
ajfa-14348	65	31	oil	oil	NOUN
ajfa-14348	65	32	futures	future	NOUN
ajfa-14348	65	33	price	price	NOUN
ajfa-14348	65	34	.	.	PUNCT
ajfa-14348	66	1	when	when	SCONJ
ajfa-14348	66	2	studying	study	VERB
ajfa-14348	66	3	the	the	DET
ajfa-14348	66	4	impact	impact	NOUN
ajfa-14348	66	5	of	of	ADP
ajfa-14348	66	6	the	the	DET
ajfa-14348	66	7	international	international	ADJ
ajfa-14348	66	8	crude	crude	ADJ
ajfa-14348	66	9	oil	oil	NOUN
ajfa-14348	66	10	futures	future	NOUN
ajfa-14348	66	11	price	price	NOUN
ajfa-14348	66	12	on	on	ADP
ajfa-14348	66	13	the	the	DET
ajfa-14348	66	14	industrial	industrial	ADJ
ajfa-14348	66	15	stock	stock	NOUN
ajfa-14348	66	16	index	index	NOUN
ajfa-14348	66	17	,	,	PUNCT
ajfa-14348	66	18	most	most	ADJ
ajfa-14348	66	19	literature	literature	NOUN
ajfa-14348	66	20	utilized	utilize	VERB
ajfa-14348	66	21	a	a	DET
ajfa-14348	66	22	single	single	ADJ
ajfa-14348	66	23	model	model	NOUN
ajfa-14348	66	24	to	to	PART
ajfa-14348	66	25	analyze	analyze	VERB
ajfa-14348	66	26	all	all	DET
ajfa-14348	66	27	the	the	DET
ajfa-14348	66	28	data	datum	NOUN
ajfa-14348	66	29	,	,	PUNCT
ajfa-14348	66	30	without	without	ADP
ajfa-14348	66	31	considering	consider	VERB
ajfa-14348	66	32	the	the	DET
ajfa-14348	66	33	differences	difference	NOUN
ajfa-14348	66	34	between	between	ADP
ajfa-14348	66	35	the	the	DET
ajfa-14348	66	36	data	datum	NOUN
ajfa-14348	66	37	,	,	PUNCT
ajfa-14348	66	38	and	and	CCONJ
ajfa-14348	66	39	the	the	DET
ajfa-14348	66	40	results	result	NOUN
ajfa-14348	66	41	are	be	AUX
ajfa-14348	66	42	prone	prone	ADJ
ajfa-14348	66	43	to	to	PART
ajfa-14348	66	44	bias	bias	VERB
ajfa-14348	66	45	.	.	PUNCT
ajfa-14348	67	1	at	at	ADP
ajfa-14348	67	2	the	the	DET
ajfa-14348	67	3	same	same	ADJ
ajfa-14348	67	4	time	time	NOUN
ajfa-14348	67	5	,	,	PUNCT
ajfa-14348	67	6	many	many	ADJ
ajfa-14348	67	7	studies	study	NOUN
ajfa-14348	67	8	only	only	ADV
ajfa-14348	67	9	analyze	analyze	VERB
ajfa-14348	67	10	the	the	DET
ajfa-14348	67	11	linkage	linkage	NOUN
ajfa-14348	67	12	between	between	ADP
ajfa-14348	67	13	international	international	ADJ
ajfa-14348	67	14	crude	crude	ADJ
ajfa-14348	67	15	oil	oil	NOUN
ajfa-14348	67	16	futures	future	NOUN
ajfa-14348	67	17	prices	price	NOUN
ajfa-14348	67	18	and	and	CCONJ
ajfa-14348	67	19	a	a	DET
ajfa-14348	67	20	country	country	NOUN
ajfa-14348	67	21	’s	’s	PART
ajfa-14348	67	22	stock	stock	NOUN
ajfa-14348	67	23	market	market	NOUN
ajfa-14348	67	24	.	.	PUNCT
ajfa-14348	68	1	therefore	therefore	ADV
ajfa-14348	68	2	,	,	PUNCT
ajfa-14348	68	3	in	in	ADP
ajfa-14348	68	4	the	the	DET
ajfa-14348	68	5	empirical	empirical	ADJ
ajfa-14348	68	6	research	research	NOUN
ajfa-14348	68	7	,	,	PUNCT
ajfa-14348	68	8	(	(	PUNCT
ajfa-14348	68	9	1	1	X
ajfa-14348	68	10	)	)	PUNCT
ajfa-14348	68	11	this	this	DET
ajfa-14348	68	12	study	study	NOUN
ajfa-14348	68	13	makes	make	VERB
ajfa-14348	68	14	first	first	ADJ
ajfa-14348	68	15	-	-	PUNCT
ajfa-14348	68	16	order	order	NOUN
ajfa-14348	68	17	difference	difference	NOUN
ajfa-14348	68	18	processing	processing	NOUN
ajfa-14348	68	19	of	of	ADP
ajfa-14348	68	20	the	the	DET
ajfa-14348	68	21	original	original	ADJ
ajfa-14348	68	22	data	datum	NOUN
ajfa-14348	68	23	,	,	PUNCT
ajfa-14348	68	24	establishes	establish	VERB
ajfa-14348	68	25	var	var	NOUN
ajfa-14348	68	26	model	model	NOUN
ajfa-14348	68	27	and	and	CCONJ
ajfa-14348	68	28	garch	garch	NOUN
ajfa-14348	68	29	model	model	NOUN
ajfa-14348	68	30	,	,	PUNCT
ajfa-14348	68	31	and	and	CCONJ
ajfa-14348	68	32	then	then	ADV
ajfa-14348	68	33	makes	make	VERB
ajfa-14348	68	34	wavelet	wavelet	NOUN
ajfa-14348	68	35	multiresolution	multiresolution	NOUN
ajfa-14348	68	36	processing	processing	NOUN
ajfa-14348	68	37	of	of	ADP
ajfa-14348	68	38	the	the	DET
ajfa-14348	68	39	international	international	ADJ
ajfa-14348	68	40	crude	crude	ADJ
ajfa-14348	68	41	oil	oil	NOUN
ajfa-14348	68	42	futures	future	NOUN
ajfa-14348	68	43	price	price	NOUN
ajfa-14348	68	44	,	,	PUNCT
ajfa-14348	68	45	and	and	CCONJ
ajfa-14348	68	46	establishes	establish	VERB
ajfa-14348	68	47	bekk	bekk	NOUN
ajfa-14348	68	48	-	-	PUNCT
ajfa-14348	68	49	garch	garch	NOUN
ajfa-14348	68	50	model	model	NOUN
ajfa-14348	68	51	;	;	PUNCT
ajfa-14348	68	52	(	(	PUNCT
ajfa-14348	68	53	2	2	X
ajfa-14348	68	54	)	)	PUNCT
ajfa-14348	68	55	this	this	DET
ajfa-14348	68	56	study	study	NOUN
ajfa-14348	68	57	not	not	PART
ajfa-14348	68	58	only	only	ADV
ajfa-14348	68	59	investigates	investigate	VERB
ajfa-14348	68	60	the	the	DET
ajfa-14348	68	61	stock	stock	NOUN
ajfa-14348	68	62	market	market	NOUN
ajfa-14348	68	63	composite	composite	ADJ
ajfa-14348	68	64	index	index	NOUN
ajfa-14348	68	65	of	of	ADP
ajfa-14348	68	66	china	china	PROPN
ajfa-14348	68	67	(	(	PUNCT
ajfa-14348	68	68	the	the	DET
ajfa-14348	68	69	largest	large	ADJ
ajfa-14348	68	70	crude	crude	ADJ
ajfa-14348	68	71	oil	oil	NOUN
ajfa-14348	68	72	importer	importer	NOUN
ajfa-14348	68	73	)	)	PUNCT
ajfa-14348	68	74	and	and	CCONJ
ajfa-14348	68	75	russia	russia	PROPN
ajfa-14348	68	76	(	(	PUNCT
ajfa-14348	68	77	the	the	DET
ajfa-14348	68	78	largest	large	ADJ
ajfa-14348	68	79	crude	crude	ADJ
ajfa-14348	68	80	oil	oil	NOUN
ajfa-14348	68	81	exporter	exporter	NOUN
ajfa-14348	68	82	)	)	PUNCT
ajfa-14348	68	83	,	,	PUNCT
ajfa-14348	68	84	but	but	CCONJ
ajfa-14348	68	85	also	also	ADV
ajfa-14348	68	86	considers	consider	VERB
ajfa-14348	68	87	the	the	DET
ajfa-14348	68	88	industry	industry	NOUN
ajfa-14348	68	89	index	index	NOUN
ajfa-14348	68	90	of	of	ADP
ajfa-14348	68	91	china	china	PROPN
ajfa-14348	68	92	and	and	CCONJ
ajfa-14348	68	93	russia	russia	PROPN
ajfa-14348	68	94	;	;	PUNCT
ajfa-14348	68	95	(	(	PUNCT
ajfa-14348	68	96	3	3	X
ajfa-14348	68	97	)	)	PUNCT
ajfa-14348	68	98	in	in	ADP
ajfa-14348	68	99	the	the	DET
ajfa-14348	68	100	study	study	NOUN
ajfa-14348	68	101	of	of	ADP
ajfa-14348	68	102	the	the	DET
ajfa-14348	68	103	impact	impact	NOUN
ajfa-14348	68	104	of	of	ADP
ajfa-14348	68	105	crude	crude	ADJ
ajfa-14348	68	106	oil	oil	NOUN
ajfa-14348	68	107	futures	future	NOUN
ajfa-14348	68	108	prices	price	NOUN
ajfa-14348	68	109	on	on	ADP
ajfa-14348	68	110	the	the	DET
ajfa-14348	68	111	stock	stock	NOUN
ajfa-14348	68	112	industry	industry	NOUN
ajfa-14348	68	113	index	index	NOUN
ajfa-14348	68	114	,	,	PUNCT
ajfa-14348	68	115	this	this	DET
ajfa-14348	68	116	study	study	NOUN
ajfa-14348	68	117	does	do	AUX
ajfa-14348	68	118	not	not	PART
ajfa-14348	68	119	use	use	VERB
ajfa-14348	68	120	a	a	DET
ajfa-14348	68	121	single	single	ADJ
ajfa-14348	68	122	model	model	NOUN
ajfa-14348	68	123	to	to	PART
ajfa-14348	68	124	analyze	analyze	VERB
ajfa-14348	68	125	,	,	PUNCT
ajfa-14348	68	126	but	but	CCONJ
ajfa-14348	68	127	first	first	ADV
ajfa-14348	68	128	divides	divide	VERB
ajfa-14348	68	129	the	the	DET
ajfa-14348	68	130	data	datum	NOUN
ajfa-14348	68	131	into	into	ADP
ajfa-14348	68	132	groups	group	NOUN
ajfa-14348	68	133	of	of	ADP
ajfa-14348	68	134	variables	variable	NOUN
ajfa-14348	68	135	with	with	ADP
ajfa-14348	68	136	different	different	ADJ
ajfa-14348	68	137	characteristics	characteristic	NOUN
ajfa-14348	68	138	,	,	PUNCT
ajfa-14348	68	139	and	and	CCONJ
ajfa-14348	68	140	then	then	ADV
ajfa-14348	68	141	uses	use	VERB
ajfa-14348	68	142	different	different	ADJ
ajfa-14348	68	143	models	model	NOUN
ajfa-14348	68	144	to	to	PART
ajfa-14348	68	145	analyze	analyze	VERB
ajfa-14348	68	146	different	different	ADJ
ajfa-14348	68	147	groups	group	NOUN
ajfa-14348	68	148	of	of	ADP
ajfa-14348	68	149	variables	variable	NOUN
ajfa-14348	68	150	.	.	PUNCT
ajfa-14348	69	1	3	3	X
ajfa-14348	69	2	.	.	NOUN
ajfa-14348	69	3	channels	channel	NOUN
ajfa-14348	69	4	of	of	ADP
ajfa-14348	69	5	crude	crude	ADJ
ajfa-14348	69	6	oil	oil	NOUN
ajfa-14348	69	7	influencing	influence	VERB
ajfa-14348	69	8	stock	stock	NOUN
ajfa-14348	69	9	market	market	NOUN
ajfa-14348	69	10	on	on	ADP
ajfa-14348	69	11	the	the	DET
ajfa-14348	69	12	one	one	NUM
ajfa-14348	69	13	hand	hand	NOUN
ajfa-14348	69	14	,	,	PUNCT
ajfa-14348	69	15	this	this	DET
ajfa-14348	69	16	study	study	NOUN
ajfa-14348	69	17	focuses	focus	VERB
ajfa-14348	69	18	on	on	ADP
ajfa-14348	69	19	the	the	DET
ajfa-14348	69	20	macroeconomic	macroeconomic	ADJ
ajfa-14348	69	21	impact	impact	NOUN
ajfa-14348	69	22	on	on	ADP
ajfa-14348	69	23	the	the	DET
ajfa-14348	69	24	stock	stock	NOUN
ajfa-14348	69	25	market	market	NOUN
ajfa-14348	69	26	,	,	PUNCT
ajfa-14348	69	27	i.e.	i.e.	X
ajfa-14348	69	28	,	,	PUNCT
ajfa-14348	69	29	how	how	SCONJ
ajfa-14348	69	30	the	the	DET
ajfa-14348	69	31	discount	discount	NOUN
ajfa-14348	69	32	rate	rate	NOUN
ajfa-14348	69	33	changes	change	NOUN
ajfa-14348	69	34	when	when	SCONJ
ajfa-14348	69	35	the	the	DET
ajfa-14348	69	36	crude	crude	ADJ
ajfa-14348	69	37	oil	oil	NOUN
ajfa-14348	69	38	price	price	NOUN
ajfa-14348	69	39	fluctuates	fluctuate	NOUN
ajfa-14348	69	40	;	;	PUNCT
ajfa-14348	69	41	on	on	ADP
ajfa-14348	69	42	the	the	DET
ajfa-14348	69	43	other	other	ADJ
ajfa-14348	69	44	hand	hand	NOUN
ajfa-14348	69	45	,	,	PUNCT
ajfa-14348	69	46	it	it	PRON
ajfa-14348	69	47	focuses	focus	VERB
ajfa-14348	69	48	on	on	ADP
ajfa-14348	69	49	the	the	DET
ajfa-14348	69	50	impact	impact	NOUN
ajfa-14348	69	51	of	of	ADP
ajfa-14348	69	52	specific	specific	ADJ
ajfa-14348	69	53	industries	industry	NOUN
ajfa-14348	69	54	on	on	ADP
ajfa-14348	69	55	the	the	DET
ajfa-14348	69	56	stock	stock	NOUN
ajfa-14348	69	57	market	market	NOUN
ajfa-14348	69	58	,	,	PUNCT
ajfa-14348	69	59	i.e.	i.e.	X
ajfa-14348	69	60	,	,	PUNCT
ajfa-14348	69	61	how	how	SCONJ
ajfa-14348	69	62	the	the	DET
ajfa-14348	69	63	future	future	ADJ
ajfa-14348	69	64	cash	cash	NOUN
ajfa-14348	69	65	flow	flow	NOUN
ajfa-14348	69	66	asian	asian	ADJ
ajfa-14348	69	67	journal	journal	NOUN
ajfa-14348	69	68	of	of	ADP
ajfa-14348	69	69	finance	finance	PROPN
ajfa-14348	69	70	&	&	CCONJ
ajfa-14348	69	71	accounting	accounting	PROPN
ajfa-14348	69	72	issn	issn	PROPN
ajfa-14348	69	73	1946	1946	NUM
ajfa-14348	69	74	-	-	PUNCT
ajfa-14348	69	75	052x	052x	PROPN
ajfa-14348	69	76	2019	2019	NUM
ajfa-14348	69	77	,	,	PUNCT
ajfa-14348	69	78	vol	vol	NOUN
ajfa-14348	69	79	.	.	PROPN
ajfa-14348	69	80	11	11	NUM
ajfa-14348	69	81	,	,	PUNCT
ajfa-14348	69	82	no	no	INTJ
ajfa-14348	69	83	.	.	NOUN
ajfa-14348	69	84	1	1	NUM
ajfa-14348	69	85	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	69	86	68	68	NUM
ajfa-14348	69	87	of	of	ADP
ajfa-14348	69	88	companies	company	NOUN
ajfa-14348	69	89	changes	change	VERB
ajfa-14348	69	90	when	when	SCONJ
ajfa-14348	69	91	the	the	DET
ajfa-14348	69	92	crude	crude	ADJ
ajfa-14348	69	93	oil	oil	NOUN
ajfa-14348	69	94	price	price	NOUN
ajfa-14348	69	95	fluctuates	fluctuate	NOUN
ajfa-14348	69	96	.	.	PUNCT
ajfa-14348	70	1	3.1	3.1	NUM
ajfa-14348	70	2	the	the	DET
ajfa-14348	70	3	impact	impact	NOUN
ajfa-14348	70	4	of	of	ADP
ajfa-14348	70	5	crude	crude	ADJ
ajfa-14348	70	6	oil	oil	NOUN
ajfa-14348	70	7	futures	future	NOUN
ajfa-14348	70	8	prices	price	NOUN
ajfa-14348	70	9	on	on	ADP
ajfa-14348	70	10	the	the	DET
ajfa-14348	70	11	stock	stock	NOUN
ajfa-14348	70	12	market	market	NOUN
ajfa-14348	70	13	as	as	ADP
ajfa-14348	70	14	a	a	DET
ajfa-14348	70	15	whole	whole	ADJ
ajfa-14348	70	16	crude	crude	ADJ
ajfa-14348	70	17	oil	oil	NOUN
ajfa-14348	70	18	price	price	NOUN
ajfa-14348	70	19	fluctuation	fluctuation	NOUN
ajfa-14348	70	20	affects	affect	VERB
ajfa-14348	70	21	the	the	DET
ajfa-14348	70	22	stock	stock	NOUN
ajfa-14348	70	23	market	market	NOUN
ajfa-14348	70	24	through	through	ADP
ajfa-14348	70	25	trading	trading	NOUN
ajfa-14348	70	26	currency	currency	NOUN
ajfa-14348	70	27	.	.	PUNCT
ajfa-14348	71	1	since	since	SCONJ
ajfa-14348	71	2	the	the	DET
ajfa-14348	71	3	birth	birth	NOUN
ajfa-14348	71	4	of	of	ADP
ajfa-14348	71	5	crude	crude	ADJ
ajfa-14348	71	6	oil	oil	NOUN
ajfa-14348	71	7	futures	future	NOUN
ajfa-14348	71	8	contracts	contract	NOUN
ajfa-14348	71	9	,	,	PUNCT
ajfa-14348	71	10	crude	crude	ADJ
ajfa-14348	71	11	oil	oil	NOUN
ajfa-14348	71	12	derived	derive	VERB
ajfa-14348	71	13	financial	financial	ADJ
ajfa-14348	71	14	attributes	attribute	NOUN
ajfa-14348	71	15	.	.	PUNCT
ajfa-14348	72	1	demand	demand	NOUN
ajfa-14348	72	2	and	and	CCONJ
ajfa-14348	72	3	supply	supply	NOUN
ajfa-14348	72	4	are	be	AUX
ajfa-14348	72	5	no	no	ADV
ajfa-14348	72	6	longer	long	ADV
ajfa-14348	72	7	the	the	DET
ajfa-14348	72	8	only	only	ADJ
ajfa-14348	72	9	factors	factor	NOUN
ajfa-14348	72	10	that	that	PRON
ajfa-14348	72	11	influence	influence	VERB
ajfa-14348	72	12	the	the	DET
ajfa-14348	72	13	price	price	NOUN
ajfa-14348	72	14	of	of	ADP
ajfa-14348	72	15	crude	crude	ADJ
ajfa-14348	72	16	oil	oil	NOUN
ajfa-14348	72	17	.	.	PUNCT
ajfa-14348	73	1	capital	capital	NOUN
ajfa-14348	73	2	injection	injection	NOUN
ajfa-14348	73	3	has	have	AUX
ajfa-14348	73	4	gradually	gradually	ADV
ajfa-14348	73	5	made	make	VERB
ajfa-14348	73	6	crude	crude	ADJ
ajfa-14348	73	7	oil	oil	NOUN
ajfa-14348	73	8	out	out	ADP
ajfa-14348	73	9	of	of	ADP
ajfa-14348	73	10	the	the	DET
ajfa-14348	73	11	control	control	NOUN
ajfa-14348	73	12	of	of	ADP
ajfa-14348	73	13	oil	oil	NOUN
ajfa-14348	73	14	-	-	PUNCT
ajfa-14348	73	15	producing	produce	VERB
ajfa-14348	73	16	countries	country	NOUN
ajfa-14348	73	17	.	.	PUNCT
ajfa-14348	74	1	at	at	ADP
ajfa-14348	74	2	present	present	ADJ
ajfa-14348	74	3	,	,	PUNCT
ajfa-14348	74	4	international	international	ADJ
ajfa-14348	74	5	crude	crude	ADJ
ajfa-14348	74	6	oil	oil	NOUN
ajfa-14348	74	7	futures	future	NOUN
ajfa-14348	74	8	are	be	AUX
ajfa-14348	74	9	mainly	mainly	ADV
ajfa-14348	74	10	valued	value	VERB
ajfa-14348	74	11	and	and	CCONJ
ajfa-14348	74	12	settled	settle	VERB
ajfa-14348	74	13	in	in	ADP
ajfa-14348	74	14	us	us	PROPN
ajfa-14348	74	15	dollar	dollar	NOUN
ajfa-14348	74	16	,	,	PUNCT
ajfa-14348	74	17	sterling	sterling	NOUN
ajfa-14348	74	18	pound	pound	NOUN
ajfa-14348	74	19	,	,	PUNCT
ajfa-14348	74	20	and	and	CCONJ
ajfa-14348	74	21	other	other	ADJ
ajfa-14348	74	22	currencies	currency	NOUN
ajfa-14348	74	23	.	.	PUNCT
ajfa-14348	75	1	monetary	monetary	ADJ
ajfa-14348	75	2	policies	policy	NOUN
ajfa-14348	75	3	and	and	CCONJ
ajfa-14348	75	4	corresponding	correspond	VERB
ajfa-14348	75	5	exchange	exchange	NOUN
ajfa-14348	75	6	rates	rate	NOUN
ajfa-14348	75	7	of	of	ADP
ajfa-14348	75	8	various	various	ADJ
ajfa-14348	75	9	countries	country	NOUN
ajfa-14348	75	10	affect	affect	VERB
ajfa-14348	75	11	crude	crude	ADJ
ajfa-14348	75	12	oil	oil	NOUN
ajfa-14348	75	13	trading	trading	NOUN
ajfa-14348	75	14	through	through	ADP
ajfa-14348	75	15	interaction	interaction	NOUN
ajfa-14348	75	16	.	.	PUNCT
ajfa-14348	76	1	in	in	ADP
ajfa-14348	76	2	addition	addition	NOUN
ajfa-14348	76	3	,	,	PUNCT
ajfa-14348	76	4	the	the	DET
ajfa-14348	76	5	fluctuation	fluctuation	NOUN
ajfa-14348	76	6	of	of	ADP
ajfa-14348	76	7	crude	crude	ADJ
ajfa-14348	76	8	oil	oil	NOUN
ajfa-14348	76	9	price	price	NOUN
ajfa-14348	76	10	also	also	ADV
ajfa-14348	76	11	affects	affect	VERB
ajfa-14348	76	12	the	the	DET
ajfa-14348	76	13	stock	stock	NOUN
ajfa-14348	76	14	market	market	NOUN
ajfa-14348	76	15	by	by	ADP
ajfa-14348	76	16	influencing	influence	VERB
ajfa-14348	76	17	macro	macro	NOUN
ajfa-14348	76	18	-	-	NOUN
ajfa-14348	76	19	economy	economy	NOUN
ajfa-14348	76	20	.	.	PUNCT
ajfa-14348	77	1	when	when	SCONJ
ajfa-14348	77	2	the	the	DET
ajfa-14348	77	3	price	price	NOUN
ajfa-14348	77	4	of	of	ADP
ajfa-14348	77	5	crude	crude	ADJ
ajfa-14348	77	6	oil	oil	NOUN
ajfa-14348	77	7	rises	rise	NOUN
ajfa-14348	77	8	,	,	PUNCT
ajfa-14348	77	9	the	the	DET
ajfa-14348	77	10	consumption	consumption	NOUN
ajfa-14348	77	11	level	level	NOUN
ajfa-14348	77	12	of	of	ADP
ajfa-14348	77	13	net	net	ADJ
ajfa-14348	77	14	importing	import	VERB
ajfa-14348	77	15	countries	country	NOUN
ajfa-14348	77	16	tends	tend	VERB
ajfa-14348	77	17	to	to	ADP
ajfa-14348	77	18	decreases	decrease	NOUN
ajfa-14348	77	19	,	,	PUNCT
ajfa-14348	77	20	the	the	DET
ajfa-14348	77	21	purchasing	purchase	VERB
ajfa-14348	77	22	power	power	NOUN
ajfa-14348	77	23	of	of	ADP
ajfa-14348	77	24	money	money	NOUN
ajfa-14348	77	25	decreases	decrease	VERB
ajfa-14348	77	26	,	,	PUNCT
ajfa-14348	77	27	and	and	CCONJ
ajfa-14348	77	28	the	the	DET
ajfa-14348	77	29	inflationary	inflationary	ADJ
ajfa-14348	77	30	pressure	pressure	NOUN
ajfa-14348	77	31	increases	increase	NOUN
ajfa-14348	77	32	.	.	PUNCT
ajfa-14348	78	1	the	the	DET
ajfa-14348	78	2	situation	situation	NOUN
ajfa-14348	78	3	of	of	ADP
ajfa-14348	78	4	net	net	ADJ
ajfa-14348	78	5	exporting	export	VERB
ajfa-14348	78	6	countries	country	NOUN
ajfa-14348	78	7	is	be	AUX
ajfa-14348	78	8	the	the	DET
ajfa-14348	78	9	opposite	opposite	NOUN
ajfa-14348	78	10	.	.	PUNCT
ajfa-14348	79	1	as	as	SCONJ
ajfa-14348	79	2	the	the	DET
ajfa-14348	79	3	number	number	NOUN
ajfa-14348	79	4	of	of	ADP
ajfa-14348	79	5	net	net	ADJ
ajfa-14348	79	6	importers	importer	NOUN
ajfa-14348	79	7	of	of	ADP
ajfa-14348	79	8	crude	crude	ADJ
ajfa-14348	79	9	oil	oil	NOUN
ajfa-14348	79	10	is	be	AUX
ajfa-14348	79	11	greater	great	ADJ
ajfa-14348	79	12	than	than	ADP
ajfa-14348	79	13	that	that	PRON
ajfa-14348	79	14	of	of	ADP
ajfa-14348	79	15	net	net	ADJ
ajfa-14348	79	16	exporters	exporter	NOUN
ajfa-14348	79	17	of	of	ADP
ajfa-14348	79	18	crude	crude	ADJ
ajfa-14348	79	19	oil	oil	NOUN
ajfa-14348	79	20	,	,	PUNCT
ajfa-14348	79	21	when	when	SCONJ
ajfa-14348	79	22	crude	crude	ADJ
ajfa-14348	79	23	oil	oil	NOUN
ajfa-14348	79	24	prices	price	NOUN
ajfa-14348	79	25	rise	rise	VERB
ajfa-14348	79	26	,	,	PUNCT
ajfa-14348	79	27	the	the	DET
ajfa-14348	79	28	global	global	ADJ
ajfa-14348	79	29	economy	economy	NOUN
ajfa-14348	79	30	generally	generally	ADV
ajfa-14348	79	31	shows	show	VERB
ajfa-14348	79	32	a	a	DET
ajfa-14348	79	33	downward	downward	ADJ
ajfa-14348	79	34	trend	trend	NOUN
ajfa-14348	79	35	.	.	PUNCT
ajfa-14348	80	1	at	at	ADP
ajfa-14348	80	2	this	this	DET
ajfa-14348	80	3	time	time	NOUN
ajfa-14348	80	4	,	,	PUNCT
ajfa-14348	80	5	inflationary	inflationary	ADJ
ajfa-14348	80	6	pressure	pressure	NOUN
ajfa-14348	80	7	is	be	AUX
ajfa-14348	80	8	high	high	ADJ
ajfa-14348	80	9	,	,	PUNCT
ajfa-14348	80	10	investors	investor	NOUN
ajfa-14348	80	11	will	will	AUX
ajfa-14348	80	12	consider	consider	VERB
ajfa-14348	80	13	the	the	DET
ajfa-14348	80	14	expected	expect	VERB
ajfa-14348	80	15	discount	discount	NOUN
ajfa-14348	80	16	rate	rate	NOUN
ajfa-14348	80	17	when	when	SCONJ
ajfa-14348	80	18	calculating	calculate	VERB
ajfa-14348	80	19	stock	stock	NOUN
ajfa-14348	80	20	prices	price	NOUN
ajfa-14348	80	21	,	,	PUNCT
ajfa-14348	80	22	and	and	CCONJ
ajfa-14348	80	23	naturally	naturally	ADV
ajfa-14348	80	24	think	think	VERB
ajfa-14348	80	25	that	that	SCONJ
ajfa-14348	80	26	the	the	DET
ajfa-14348	80	27	future	future	ADJ
ajfa-14348	80	28	inflation	inflation	NOUN
ajfa-14348	80	29	rate	rate	NOUN
ajfa-14348	80	30	will	will	AUX
ajfa-14348	80	31	be	be	AUX
ajfa-14348	80	32	higher	high	ADJ
ajfa-14348	80	33	than	than	SCONJ
ajfa-14348	80	34	previously	previously	ADV
ajfa-14348	80	35	estimated	estimate	VERB
ajfa-14348	80	36	,	,	PUNCT
ajfa-14348	80	37	and	and	CCONJ
ajfa-14348	80	38	then	then	ADV
ajfa-14348	80	39	change	change	VERB
ajfa-14348	80	40	the	the	DET
ajfa-14348	80	41	discount	discount	NOUN
ajfa-14348	80	42	rate	rate	NOUN
ajfa-14348	80	43	.	.	PUNCT
ajfa-14348	81	1	because	because	SCONJ
ajfa-14348	81	2	the	the	DET
ajfa-14348	81	3	stock	stock	NOUN
ajfa-14348	81	4	price	price	NOUN
ajfa-14348	81	5	is	be	AUX
ajfa-14348	81	6	lower	low	ADJ
ajfa-14348	81	7	than	than	ADP
ajfa-14348	81	8	the	the	DET
ajfa-14348	81	9	present	present	ADJ
ajfa-14348	81	10	value	value	NOUN
ajfa-14348	81	11	,	,	PUNCT
ajfa-14348	81	12	the	the	DET
ajfa-14348	81	13	yield	yield	NOUN
ajfa-14348	81	14	will	will	AUX
ajfa-14348	81	15	also	also	ADV
ajfa-14348	81	16	be	be	AUX
ajfa-14348	81	17	lower	low	ADJ
ajfa-14348	81	18	.	.	PUNCT
ajfa-14348	82	1	at	at	ADP
ajfa-14348	82	2	the	the	DET
ajfa-14348	82	3	same	same	ADJ
ajfa-14348	82	4	time	time	NOUN
ajfa-14348	82	5	,	,	PUNCT
ajfa-14348	82	6	crude	crude	ADJ
ajfa-14348	82	7	oil	oil	NOUN
ajfa-14348	82	8	futures	future	NOUN
ajfa-14348	82	9	and	and	CCONJ
ajfa-14348	82	10	stock	stock	NOUN
ajfa-14348	82	11	market	market	NOUN
ajfa-14348	82	12	are	be	AUX
ajfa-14348	82	13	both	both	CCONJ
ajfa-14348	82	14	high	high	ADJ
ajfa-14348	82	15	-	-	PUNCT
ajfa-14348	82	16	risk	risk	NOUN
ajfa-14348	82	17	and	and	CCONJ
ajfa-14348	82	18	high	high	ADJ
ajfa-14348	82	19	-	-	PUNCT
ajfa-14348	82	20	yield	yield	NOUN
ajfa-14348	82	21	financial	financial	ADJ
ajfa-14348	82	22	markets	market	NOUN
ajfa-14348	82	23	.	.	PUNCT
ajfa-14348	83	1	there	there	PRON
ajfa-14348	83	2	may	may	AUX
ajfa-14348	83	3	be	be	AUX
ajfa-14348	83	4	a	a	DET
ajfa-14348	83	5	competitive	competitive	ADJ
ajfa-14348	83	6	relationship	relationship	NOUN
ajfa-14348	83	7	between	between	ADP
ajfa-14348	83	8	them	they	PRON
ajfa-14348	83	9	.	.	PUNCT
ajfa-14348	84	1	when	when	SCONJ
ajfa-14348	84	2	the	the	DET
ajfa-14348	84	3	government	government	NOUN
ajfa-14348	84	4	increases	increase	VERB
ajfa-14348	84	5	the	the	DET
ajfa-14348	84	6	funds	fund	NOUN
ajfa-14348	84	7	used	use	VERB
ajfa-14348	84	8	to	to	PART
ajfa-14348	84	9	maintain	maintain	VERB
ajfa-14348	84	10	the	the	DET
ajfa-14348	84	11	price	price	NOUN
ajfa-14348	84	12	stability	stability	NOUN
ajfa-14348	84	13	of	of	ADP
ajfa-14348	84	14	crude	crude	ADJ
ajfa-14348	84	15	oil	oil	NOUN
ajfa-14348	84	16	futures	future	NOUN
ajfa-14348	84	17	,	,	PUNCT
ajfa-14348	84	18	the	the	DET
ajfa-14348	84	19	funds	fund	NOUN
ajfa-14348	84	20	available	available	ADJ
ajfa-14348	84	21	for	for	ADP
ajfa-14348	84	22	investing	invest	VERB
ajfa-14348	84	23	in	in	ADP
ajfa-14348	84	24	the	the	DET
ajfa-14348	84	25	stock	stock	NOUN
ajfa-14348	84	26	market	market	NOUN
ajfa-14348	84	27	will	will	AUX
ajfa-14348	84	28	naturally	naturally	ADV
ajfa-14348	84	29	decrease	decrease	VERB
ajfa-14348	84	30	,	,	PUNCT
ajfa-14348	84	31	and	and	CCONJ
ajfa-14348	84	32	the	the	DET
ajfa-14348	84	33	reduction	reduction	NOUN
ajfa-14348	84	34	of	of	ADP
ajfa-14348	84	35	funds	fund	NOUN
ajfa-14348	84	36	will	will	AUX
ajfa-14348	84	37	lead	lead	VERB
ajfa-14348	84	38	to	to	ADP
ajfa-14348	84	39	the	the	DET
ajfa-14348	84	40	decline	decline	NOUN
ajfa-14348	84	41	of	of	ADP
ajfa-14348	84	42	the	the	DET
ajfa-14348	84	43	stock	stock	NOUN
ajfa-14348	84	44	market	market	NOUN
ajfa-14348	84	45	and	and	CCONJ
ajfa-14348	84	46	the	the	DET
ajfa-14348	84	47	reduction	reduction	NOUN
ajfa-14348	84	48	of	of	ADP
ajfa-14348	84	49	the	the	DET
ajfa-14348	84	50	yield	yield	NOUN
ajfa-14348	84	51	.	.	PUNCT
ajfa-14348	85	1	3.2	3.2	NUM
ajfa-14348	85	2	impact	impact	NOUN
ajfa-14348	85	3	of	of	ADP
ajfa-14348	85	4	crude	crude	ADJ
ajfa-14348	85	5	oil	oil	NOUN
ajfa-14348	85	6	futures	future	NOUN
ajfa-14348	85	7	prices	price	NOUN
ajfa-14348	85	8	on	on	ADP
ajfa-14348	85	9	related	related	ADJ
ajfa-14348	85	10	industries	industry	NOUN
ajfa-14348	85	11	referring	refer	VERB
ajfa-14348	85	12	to	to	ADP
ajfa-14348	85	13	china	china	PROPN
ajfa-14348	85	14	’s	’s	PART
ajfa-14348	85	15	classification	classification	NOUN
ajfa-14348	85	16	standards	standard	NOUN
ajfa-14348	85	17	of	of	ADP
ajfa-14348	85	18	national	national	ADJ
ajfa-14348	85	19	economic	economic	ADJ
ajfa-14348	85	20	industries	industry	NOUN
ajfa-14348	85	21	,	,	PUNCT
ajfa-14348	85	22	this	this	DET
ajfa-14348	85	23	study	study	NOUN
ajfa-14348	85	24	selects	select	VERB
ajfa-14348	85	25	five	five	NUM
ajfa-14348	85	26	industries	industry	NOUN
ajfa-14348	85	27	closely	closely	ADV
ajfa-14348	85	28	related	relate	VERB
ajfa-14348	85	29	to	to	ADP
ajfa-14348	85	30	crude	crude	ADJ
ajfa-14348	85	31	oil	oil	NOUN
ajfa-14348	85	32	to	to	PART
ajfa-14348	85	33	analyze	analyze	VERB
ajfa-14348	85	34	the	the	DET
ajfa-14348	85	35	impact	impact	NOUN
ajfa-14348	85	36	of	of	ADP
ajfa-14348	85	37	crude	crude	ADJ
ajfa-14348	85	38	oil	oil	NOUN
ajfa-14348	85	39	prices	price	NOUN
ajfa-14348	85	40	on	on	ADP
ajfa-14348	85	41	specific	specific	ADJ
ajfa-14348	85	42	industries	industry	NOUN
ajfa-14348	85	43	.	.	PUNCT
ajfa-14348	86	1	1	1	X
ajfa-14348	86	2	)	)	PUNCT
ajfa-14348	86	3	in	in	ADP
ajfa-14348	86	4	the	the	DET
ajfa-14348	86	5	mining	mining	NOUN
ajfa-14348	86	6	industry	industry	NOUN
ajfa-14348	86	7	,	,	PUNCT
ajfa-14348	86	8	the	the	DET
ajfa-14348	86	9	price	price	NOUN
ajfa-14348	86	10	of	of	ADP
ajfa-14348	86	11	crude	crude	ADJ
ajfa-14348	86	12	oil	oil	NOUN
ajfa-14348	86	13	has	have	AUX
ajfa-14348	86	14	risen	rise	VERB
ajfa-14348	86	15	,	,	PUNCT
ajfa-14348	86	16	which	which	PRON
ajfa-14348	86	17	is	be	AUX
ajfa-14348	86	18	good	good	ADJ
ajfa-14348	86	19	news	news	NOUN
ajfa-14348	86	20	for	for	ADP
ajfa-14348	86	21	crude	crude	ADJ
ajfa-14348	86	22	oil	oil	NOUN
ajfa-14348	86	23	and	and	CCONJ
ajfa-14348	86	24	coal	coal	NOUN
ajfa-14348	86	25	miners	miner	NOUN
ajfa-14348	86	26	,	,	PUNCT
ajfa-14348	86	27	but	but	CCONJ
ajfa-14348	86	28	bad	bad	ADJ
ajfa-14348	86	29	news	news	NOUN
ajfa-14348	86	30	for	for	ADP
ajfa-14348	86	31	other	other	ADJ
ajfa-14348	86	32	resource	resource	NOUN
ajfa-14348	86	33	miners	miner	NOUN
ajfa-14348	86	34	.	.	PUNCT
ajfa-14348	87	1	therefore	therefore	ADV
ajfa-14348	87	2	,	,	PUNCT
ajfa-14348	87	3	the	the	DET
ajfa-14348	87	4	impact	impact	NOUN
ajfa-14348	87	5	of	of	ADP
ajfa-14348	87	6	crude	crude	ADJ
ajfa-14348	87	7	oil	oil	NOUN
ajfa-14348	87	8	on	on	ADP
ajfa-14348	87	9	the	the	DET
ajfa-14348	87	10	extraction	extraction	NOUN
ajfa-14348	87	11	industry	industry	NOUN
ajfa-14348	87	12	depends	depend	VERB
ajfa-14348	87	13	on	on	ADP
ajfa-14348	87	14	the	the	DET
ajfa-14348	87	15	tripartite	tripartite	ADJ
ajfa-14348	87	16	game	game	NOUN
ajfa-14348	87	17	between	between	ADP
ajfa-14348	87	18	crude	crude	ADJ
ajfa-14348	87	19	oil	oil	NOUN
ajfa-14348	87	20	,	,	PUNCT
ajfa-14348	87	21	coal	coal	NOUN
ajfa-14348	87	22	and	and	CCONJ
ajfa-14348	87	23	other	other	ADJ
ajfa-14348	87	24	resources	resource	NOUN
ajfa-14348	87	25	;	;	PUNCT
ajfa-14348	87	26	2	2	X
ajfa-14348	87	27	)	)	PUNCT
ajfa-14348	87	28	in	in	ADP
ajfa-14348	87	29	the	the	DET
ajfa-14348	87	30	manufacturing	manufacturing	NOUN
ajfa-14348	87	31	industry	industry	NOUN
ajfa-14348	87	32	,	,	PUNCT
ajfa-14348	87	33	crude	crude	ADJ
ajfa-14348	87	34	oil	oil	NOUN
ajfa-14348	87	35	is	be	AUX
ajfa-14348	87	36	used	use	VERB
ajfa-14348	87	37	as	as	ADP
ajfa-14348	87	38	raw	raw	ADJ
ajfa-14348	87	39	material	material	NOUN
ajfa-14348	87	40	or	or	CCONJ
ajfa-14348	87	41	fuel	fuel	NOUN
ajfa-14348	87	42	,	,	PUNCT
ajfa-14348	87	43	and	and	CCONJ
ajfa-14348	87	44	the	the	DET
ajfa-14348	87	45	rise	rise	NOUN
ajfa-14348	87	46	of	of	ADP
ajfa-14348	87	47	crude	crude	ADJ
ajfa-14348	87	48	oil	oil	NOUN
ajfa-14348	87	49	price	price	NOUN
ajfa-14348	87	50	will	will	AUX
ajfa-14348	87	51	have	have	VERB
ajfa-14348	87	52	a	a	DET
ajfa-14348	87	53	negative	negative	ADJ
ajfa-14348	87	54	effect	effect	NOUN
ajfa-14348	87	55	;	;	PUNCT
ajfa-14348	87	56	3	3	X
ajfa-14348	87	57	)	)	PUNCT
ajfa-14348	87	58	in	in	ADP
ajfa-14348	87	59	the	the	DET
ajfa-14348	87	60	electricity	electricity	NOUN
ajfa-14348	87	61	,	,	PUNCT
ajfa-14348	87	62	heat	heat	NOUN
ajfa-14348	87	63	,	,	PUNCT
ajfa-14348	87	64	gas	gas	NOUN
ajfa-14348	87	65	and	and	CCONJ
ajfa-14348	87	66	water	water	NOUN
ajfa-14348	87	67	production	production	NOUN
ajfa-14348	87	68	and	and	CCONJ
ajfa-14348	87	69	supply	supply	NOUN
ajfa-14348	87	70	industry	industry	NOUN
ajfa-14348	87	71	,	,	PUNCT
ajfa-14348	87	72	rise	rise	NOUN
ajfa-14348	87	73	of	of	ADP
ajfa-14348	87	74	crude	crude	ADJ
ajfa-14348	87	75	oil	oil	NOUN
ajfa-14348	87	76	price	price	NOUN
ajfa-14348	87	77	leads	lead	VERB
ajfa-14348	87	78	to	to	PART
ajfa-14348	87	79	increase	increase	VERB
ajfa-14348	87	80	in	in	ADP
ajfa-14348	87	81	supply	supply	NOUN
ajfa-14348	87	82	cost	cost	NOUN
ajfa-14348	87	83	and	and	CCONJ
ajfa-14348	87	84	decrease	decrease	NOUN
ajfa-14348	87	85	in	in	ADP
ajfa-14348	87	86	corporate	corporate	ADJ
ajfa-14348	87	87	profits	profit	NOUN
ajfa-14348	87	88	;	;	PUNCT
ajfa-14348	87	89	4	4	X
ajfa-14348	87	90	)	)	PUNCT
ajfa-14348	87	91	in	in	ADP
ajfa-14348	87	92	the	the	DET
ajfa-14348	87	93	construction	construction	NOUN
ajfa-14348	87	94	industry	industry	NOUN
ajfa-14348	87	95	,	,	PUNCT
ajfa-14348	87	96	asphalt	asphalt	NOUN
ajfa-14348	87	97	and	and	CCONJ
ajfa-14348	87	98	other	other	ADJ
ajfa-14348	87	99	raw	raw	ADJ
ajfa-14348	87	100	materials	material	NOUN
ajfa-14348	87	101	in	in	ADP
ajfa-14348	87	102	engineering	engineering	NOUN
ajfa-14348	87	103	consumes	consume	VERB
ajfa-14348	87	104	a	a	DET
ajfa-14348	87	105	large	large	ADJ
ajfa-14348	87	106	amount	amount	NOUN
ajfa-14348	87	107	of	of	ADP
ajfa-14348	87	108	industrial	industrial	ADJ
ajfa-14348	87	109	lubricant	lubricant	NOUN
ajfa-14348	87	110	.	.	PUNCT
ajfa-14348	88	1	industrial	industrial	ADJ
ajfa-14348	88	2	lubricant	lubricant	NOUN
ajfa-14348	88	3	is	be	AUX
ajfa-14348	88	4	extracted	extract	VERB
ajfa-14348	88	5	from	from	ADP
ajfa-14348	88	6	crude	crude	ADJ
ajfa-14348	88	7	oil	oil	NOUN
ajfa-14348	88	8	,	,	PUNCT
ajfa-14348	88	9	so	so	CCONJ
ajfa-14348	88	10	if	if	SCONJ
ajfa-14348	88	11	the	the	DET
ajfa-14348	88	12	price	price	NOUN
ajfa-14348	88	13	of	of	ADP
ajfa-14348	88	14	crude	crude	ADJ
ajfa-14348	88	15	oil	oil	NOUN
ajfa-14348	88	16	rises	rise	NOUN
ajfa-14348	88	17	then	then	ADV
ajfa-14348	88	18	the	the	DET
ajfa-14348	88	19	future	future	ADJ
ajfa-14348	88	20	cash	cash	NOUN
ajfa-14348	88	21	flow	flow	NOUN
ajfa-14348	88	22	of	of	ADP
ajfa-14348	88	23	companies	company	NOUN
ajfa-14348	88	24	will	will	AUX
ajfa-14348	88	25	decrease	decrease	VERB
ajfa-14348	88	26	.	.	PUNCT
ajfa-14348	89	1	asian	asian	ADJ
ajfa-14348	89	2	journal	journal	PROPN
ajfa-14348	89	3	of	of	ADP
ajfa-14348	89	4	finance	finance	PROPN
ajfa-14348	89	5	&	&	CCONJ
ajfa-14348	89	6	accounting	accounting	PROPN
ajfa-14348	89	7	issn	issn	PROPN
ajfa-14348	89	8	1946	1946	NUM
ajfa-14348	89	9	-	-	PUNCT
ajfa-14348	89	10	052x	052x	PROPN
ajfa-14348	89	11	2019	2019	NUM
ajfa-14348	89	12	,	,	PUNCT
ajfa-14348	89	13	vol	vol	NOUN
ajfa-14348	89	14	.	.	PROPN
ajfa-14348	89	15	11	11	NUM
ajfa-14348	89	16	,	,	PUNCT
ajfa-14348	89	17	no	no	INTJ
ajfa-14348	89	18	.	.	NOUN
ajfa-14348	89	19	1	1	NUM
ajfa-14348	89	20	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	89	21	69	69	NUM
ajfa-14348	89	22	5	5	NUM
ajfa-14348	89	23	)	)	PUNCT
ajfa-14348	89	24	the	the	DET
ajfa-14348	89	25	transportation	transportation	NOUN
ajfa-14348	89	26	,	,	PUNCT
ajfa-14348	89	27	storage	storage	NOUN
ajfa-14348	89	28	,	,	PUNCT
ajfa-14348	89	29	and	and	CCONJ
ajfa-14348	89	30	postal	postal	ADJ
ajfa-14348	89	31	industry	industry	NOUN
ajfa-14348	89	32	is	be	AUX
ajfa-14348	89	33	more	more	ADV
ajfa-14348	89	34	sensitive	sensitive	ADJ
ajfa-14348	89	35	to	to	ADP
ajfa-14348	89	36	crude	crude	ADJ
ajfa-14348	89	37	oil	oil	NOUN
ajfa-14348	89	38	prices	price	NOUN
ajfa-14348	89	39	than	than	ADP
ajfa-14348	89	40	most	most	ADJ
ajfa-14348	89	41	industries	industry	NOUN
ajfa-14348	89	42	,	,	PUNCT
ajfa-14348	89	43	such	such	ADJ
ajfa-14348	89	44	as	as	ADP
ajfa-14348	89	45	road	road	NOUN
ajfa-14348	89	46	,	,	PUNCT
ajfa-14348	89	47	rail	rail	NOUN
ajfa-14348	89	48	,	,	PUNCT
ajfa-14348	89	49	and	and	CCONJ
ajfa-14348	89	50	air	air	NOUN
ajfa-14348	89	51	transport	transport	NOUN
ajfa-14348	89	52	.	.	PUNCT
ajfa-14348	90	1	crude	crude	ADJ
ajfa-14348	90	2	oil	oil	NOUN
ajfa-14348	90	3	is	be	AUX
ajfa-14348	90	4	a	a	DET
ajfa-14348	90	5	direct	direct	ADJ
ajfa-14348	90	6	or	or	CCONJ
ajfa-14348	90	7	indirect	indirect	ADJ
ajfa-14348	90	8	fuel	fuel	NOUN
ajfa-14348	90	9	,	,	PUNCT
ajfa-14348	90	10	and	and	CCONJ
ajfa-14348	90	11	the	the	DET
ajfa-14348	90	12	rising	rise	VERB
ajfa-14348	90	13	price	price	NOUN
ajfa-14348	90	14	of	of	ADP
ajfa-14348	90	15	crude	crude	ADJ
ajfa-14348	90	16	oil	oil	NOUN
ajfa-14348	90	17	will	will	AUX
ajfa-14348	90	18	lead	lead	VERB
ajfa-14348	90	19	to	to	ADP
ajfa-14348	90	20	an	an	DET
ajfa-14348	90	21	increase	increase	NOUN
ajfa-14348	90	22	in	in	ADP
ajfa-14348	90	23	operating	operating	NOUN
ajfa-14348	90	24	costs	cost	NOUN
ajfa-14348	90	25	,	,	PUNCT
ajfa-14348	90	26	thus	thus	ADV
ajfa-14348	90	27	reducing	reduce	VERB
ajfa-14348	90	28	the	the	DET
ajfa-14348	90	29	overall	overall	ADJ
ajfa-14348	90	30	profit	profit	NOUN
ajfa-14348	90	31	of	of	ADP
ajfa-14348	90	32	the	the	DET
ajfa-14348	90	33	transport	transport	NOUN
ajfa-14348	90	34	industry	industry	NOUN
ajfa-14348	90	35	.	.	PUNCT
ajfa-14348	91	1	4	4	X
ajfa-14348	91	2	.	.	X
ajfa-14348	91	3	empirical	empirical	ADJ
ajfa-14348	91	4	analysis	analysis	NOUN
ajfa-14348	91	5	this	this	DET
ajfa-14348	91	6	study	study	NOUN
ajfa-14348	91	7	focuses	focus	VERB
ajfa-14348	91	8	on	on	ADP
ajfa-14348	91	9	the	the	DET
ajfa-14348	91	10	linkage	linkage	NOUN
ajfa-14348	91	11	between	between	ADP
ajfa-14348	91	12	international	international	ADJ
ajfa-14348	91	13	crude	crude	ADJ
ajfa-14348	91	14	oil	oil	NOUN
ajfa-14348	91	15	futures	future	NOUN
ajfa-14348	91	16	price	price	NOUN
ajfa-14348	91	17	and	and	CCONJ
ajfa-14348	91	18	china	china	PROPN
ajfa-14348	91	19	-	-	PUNCT
ajfa-14348	91	20	russia	russia	PROPN
ajfa-14348	91	21	stock	stock	NOUN
ajfa-14348	91	22	market	market	NOUN
ajfa-14348	91	23	,	,	PUNCT
ajfa-14348	91	24	specifically	specifically	ADV
ajfa-14348	91	25	the	the	DET
ajfa-14348	91	26	impact	impact	NOUN
ajfa-14348	91	27	of	of	ADP
ajfa-14348	91	28	international	international	ADJ
ajfa-14348	91	29	crude	crude	ADJ
ajfa-14348	91	30	oil	oil	NOUN
ajfa-14348	91	31	futures	future	NOUN
ajfa-14348	91	32	price	price	NOUN
ajfa-14348	91	33	on	on	ADP
ajfa-14348	91	34	the	the	DET
ajfa-14348	91	35	composite	composite	ADJ
ajfa-14348	91	36	stock	stock	NOUN
ajfa-14348	91	37	index	index	NOUN
ajfa-14348	91	38	of	of	ADP
ajfa-14348	91	39	the	the	DET
ajfa-14348	91	40	stock	stock	NOUN
ajfa-14348	91	41	market	market	NOUN
ajfa-14348	91	42	and	and	CCONJ
ajfa-14348	91	43	the	the	DET
ajfa-14348	91	44	industry	industry	NOUN
ajfa-14348	91	45	stock	stock	NOUN
ajfa-14348	91	46	index	index	NOUN
ajfa-14348	91	47	.	.	PUNCT
ajfa-14348	92	1	this	this	DET
ajfa-14348	92	2	study	study	NOUN
ajfa-14348	92	3	chooses	choose	VERB
ajfa-14348	92	4	the	the	DET
ajfa-14348	92	5	daily	daily	ADJ
ajfa-14348	92	6	frequency	frequency	NOUN
ajfa-14348	92	7	data	datum	NOUN
ajfa-14348	92	8	from	from	ADP
ajfa-14348	92	9	april	april	PROPN
ajfa-14348	92	10	24th	24th	NOUN
ajfa-14348	92	11	,	,	PUNCT
ajfa-14348	92	12	2015	2015	NUM
ajfa-14348	92	13	to	to	ADP
ajfa-14348	92	14	april	april	PROPN
ajfa-14348	92	15	20th	20th	NOUN
ajfa-14348	92	16	,	,	PUNCT
ajfa-14348	92	17	2018	2018	NUM
ajfa-14348	92	18	.	.	PUNCT
ajfa-14348	93	1	specific	specific	ADJ
ajfa-14348	93	2	variables	variable	NOUN
ajfa-14348	93	3	are	be	AUX
ajfa-14348	93	4	:	:	PUNCT
ajfa-14348	93	5	1	1	X
ajfa-14348	93	6	)	)	PUNCT
ajfa-14348	93	7	international	international	ADJ
ajfa-14348	93	8	crude	crude	ADJ
ajfa-14348	93	9	oil	oil	NOUN
ajfa-14348	93	10	futures	future	NOUN
ajfa-14348	93	11	price	price	NOUN
ajfa-14348	93	12	:	:	PUNCT
ajfa-14348	93	13	the	the	DET
ajfa-14348	93	14	crude	crude	ADJ
ajfa-14348	93	15	oil	oil	NOUN
ajfa-14348	93	16	futures	future	NOUN
ajfa-14348	93	17	of	of	ADP
ajfa-14348	93	18	china	china	PROPN
ajfa-14348	93	19	and	and	CCONJ
ajfa-14348	93	20	russia	russia	PROPN
ajfa-14348	93	21	are	be	AUX
ajfa-14348	93	22	linked	link	VERB
ajfa-14348	93	23	to	to	ADP
ajfa-14348	93	24	brent	brent	PROPN
ajfa-14348	93	25	crude	crude	PROPN
ajfa-14348	93	26	oil	oil	NOUN
ajfa-14348	93	27	futures	future	NOUN
ajfa-14348	93	28	price	price	NOUN
ajfa-14348	93	29	,	,	PUNCT
ajfa-14348	93	30	which	which	PRON
ajfa-14348	93	31	is	be	AUX
ajfa-14348	93	32	one	one	NUM
ajfa-14348	93	33	of	of	ADP
ajfa-14348	93	34	the	the	DET
ajfa-14348	93	35	three	three	NUM
ajfa-14348	93	36	major	major	ADJ
ajfa-14348	93	37	international	international	ADJ
ajfa-14348	93	38	crude	crude	ADJ
ajfa-14348	93	39	oil	oil	NOUN
ajfa-14348	93	40	futures	future	NOUN
ajfa-14348	93	41	prices	price	NOUN
ajfa-14348	93	42	.	.	PUNCT
ajfa-14348	94	1	therefore	therefore	ADV
ajfa-14348	94	2	,	,	PUNCT
ajfa-14348	94	3	they	they	PRON
ajfa-14348	94	4	are	be	AUX
ajfa-14348	94	5	regarded	regard	VERB
ajfa-14348	94	6	as	as	ADP
ajfa-14348	94	7	international	international	ADJ
ajfa-14348	94	8	crude	crude	ADJ
ajfa-14348	94	9	oil	oil	NOUN
ajfa-14348	94	10	futures	future	NOUN
ajfa-14348	94	11	price	price	NOUN
ajfa-14348	94	12	.	.	PUNCT
ajfa-14348	95	1	the	the	DET
ajfa-14348	95	2	data	datum	NOUN
ajfa-14348	95	3	are	be	AUX
ajfa-14348	95	4	gathered	gather	VERB
ajfa-14348	95	5	from	from	ADP
ajfa-14348	95	6	wind	wind	NOUN
ajfa-14348	95	7	database	database	NOUN
ajfa-14348	95	8	.	.	PUNCT
ajfa-14348	96	1	2	2	NUM
ajfa-14348	96	2	)	)	PUNCT
ajfa-14348	96	3	composite	composite	ADJ
ajfa-14348	96	4	stock	stock	NOUN
ajfa-14348	96	5	index	index	NOUN
ajfa-14348	96	6	:	:	PUNCT
ajfa-14348	96	7	shanghai	shanghai	PROPN
ajfa-14348	96	8	stock	stock	PROPN
ajfa-14348	96	9	index	index	PROPN
ajfa-14348	96	10	(	(	PUNCT
ajfa-14348	96	11	sha	sha	PROPN
ajfa-14348	96	12	)	)	PUNCT
ajfa-14348	96	13	and	and	CCONJ
ajfa-14348	96	14	russia	russia	PROPN
ajfa-14348	96	15	rts	rt	NOUN
ajfa-14348	96	16	index	index	NOUN
ajfa-14348	96	17	(	(	PUNCT
ajfa-14348	96	18	rts	rt	NOUN
ajfa-14348	96	19	)	)	PUNCT
ajfa-14348	96	20	are	be	AUX
ajfa-14348	96	21	selected	select	VERB
ajfa-14348	96	22	as	as	ADP
ajfa-14348	96	23	the	the	DET
ajfa-14348	96	24	stock	stock	NOUN
ajfa-14348	96	25	market	market	NOUN
ajfa-14348	96	26	indices	index	NOUN
ajfa-14348	96	27	of	of	ADP
ajfa-14348	96	28	china	china	PROPN
ajfa-14348	96	29	and	and	CCONJ
ajfa-14348	96	30	russia	russia	PROPN
ajfa-14348	96	31	,	,	PUNCT
ajfa-14348	96	32	respectively	respectively	ADV
ajfa-14348	96	33	.	.	PUNCT
ajfa-14348	97	1	the	the	DET
ajfa-14348	97	2	data	datum	NOUN
ajfa-14348	97	3	are	be	AUX
ajfa-14348	97	4	collected	collect	VERB
ajfa-14348	97	5	from	from	ADP
ajfa-14348	97	6	bloomberg	bloomberg	PROPN
ajfa-14348	97	7	database	database	NOUN
ajfa-14348	97	8	.	.	PUNCT
ajfa-14348	98	1	3	3	X
ajfa-14348	98	2	)	)	PUNCT
ajfa-14348	98	3	industry	industry	NOUN
ajfa-14348	98	4	stock	stock	NOUN
ajfa-14348	98	5	index	index	NOUN
ajfa-14348	98	6	:	:	PUNCT
ajfa-14348	98	7	for	for	ADP
ajfa-14348	98	8	china	china	PROPN
ajfa-14348	98	9	’s	’s	PART
ajfa-14348	98	10	stock	stock	NOUN
ajfa-14348	98	11	market	market	NOUN
ajfa-14348	98	12	,	,	PUNCT
ajfa-14348	98	13	referring	refer	VERB
ajfa-14348	98	14	to	to	ADP
ajfa-14348	98	15	the	the	DET
ajfa-14348	98	16	industry	industry	NOUN
ajfa-14348	98	17	division	division	NOUN
ajfa-14348	98	18	standard	standard	NOUN
ajfa-14348	98	19	of	of	ADP
ajfa-14348	98	20	the	the	DET
ajfa-14348	98	21	national	national	PROPN
ajfa-14348	98	22	bureau	bureau	PROPN
ajfa-14348	98	23	of	of	ADP
ajfa-14348	98	24	statistics	statistic	NOUN
ajfa-14348	98	25	,	,	PUNCT
ajfa-14348	98	26	in	in	ADP
ajfa-14348	98	27	the	the	DET
ajfa-14348	98	28	industry	industry	NOUN
ajfa-14348	98	29	index	index	NOUN
ajfa-14348	98	30	of	of	ADP
ajfa-14348	98	31	the	the	DET
ajfa-14348	98	32	china	china	PROPN
ajfa-14348	98	33	stock	stock	PROPN
ajfa-14348	98	34	index	index	PROPN
ajfa-14348	98	35	limited	limited	ADJ
ajfa-14348	98	36	company	company	NOUN
ajfa-14348	98	37	,	,	PUNCT
ajfa-14348	98	38	co	co	VERB
ajfa-14348	98	39	-	-	VERB
ajfa-14348	98	40	founded	found	VERB
ajfa-14348	98	41	by	by	ADP
ajfa-14348	98	42	shanghai	shanghai	PROPN
ajfa-14348	98	43	stock	stock	PROPN
ajfa-14348	98	44	exchange	exchange	PROPN
ajfa-14348	98	45	and	and	CCONJ
ajfa-14348	98	46	shenzhen	shenzhen	PROPN
ajfa-14348	98	47	stock	stock	PROPN
ajfa-14348	98	48	exchange	exchange	PROPN
ajfa-14348	98	49	,	,	PUNCT
ajfa-14348	98	50	this	this	DET
ajfa-14348	98	51	study	study	NOUN
ajfa-14348	98	52	selects	select	VERB
ajfa-14348	98	53	zcp	zcp	PROPN
ajfa-14348	98	54	,	,	PUNCT
ajfa-14348	98	55	zzfz	zzfz	NOUN
ajfa-14348	98	56	,	,	PUNCT
ajfa-14348	98	57	zzgy	zzgy	NOUN
ajfa-14348	98	58	,	,	PUNCT
ajfa-14348	98	59	zzjz	zzjz	PROPN
ajfa-14348	98	60	,	,	PUNCT
ajfa-14348	98	61	zzjt	zzjt	PRON
ajfa-14348	98	62	,	,	PUNCT
ajfa-14348	98	63	zny	zny	PROPN
ajfa-14348	98	64	,	,	PUNCT
ajfa-14348	98	65	zzny	zzny	PROPN
ajfa-14348	98	66	,	,	PUNCT
ajfa-14348	98	67	zfz	zfz	NOUN
ajfa-14348	98	68	,	,	PUNCT
ajfa-14348	98	69	and	and	CCONJ
ajfa-14348	98	70	zrl	zrl	NOUN
ajfa-14348	98	71	data	datum	NOUN
ajfa-14348	98	72	from	from	ADP
ajfa-14348	98	73	wind	wind	NOUN
ajfa-14348	98	74	database	database	NOUN
ajfa-14348	98	75	;	;	PUNCT
ajfa-14348	98	76	for	for	ADP
ajfa-14348	98	77	the	the	DET
ajfa-14348	98	78	russian	russian	ADJ
ajfa-14348	98	79	stock	stock	NOUN
ajfa-14348	98	80	market	market	NOUN
ajfa-14348	98	81	,	,	PUNCT
ajfa-14348	98	82	this	this	DET
ajfa-14348	98	83	study	study	NOUN
ajfa-14348	98	84	selects	select	VERB
ajfa-14348	98	85	the	the	DET
ajfa-14348	98	86	industry	industry	NOUN
ajfa-14348	98	87	index	index	NOUN
ajfa-14348	98	88	corresponding	correspond	VERB
ajfa-14348	98	89	to	to	ADP
ajfa-14348	98	90	the	the	DET
ajfa-14348	98	91	chinese	chinese	ADJ
ajfa-14348	98	92	stock	stock	NOUN
ajfa-14348	98	93	market	market	NOUN
ajfa-14348	98	94	,	,	PUNCT
ajfa-14348	98	95	respectively	respectively	ADV
ajfa-14348	98	96	,	,	PUNCT
ajfa-14348	98	97	i.e.	i.e.	X
ajfa-14348	98	98	,	,	PUNCT
ajfa-14348	98	99	russia	russia	PROPN
ajfa-14348	98	100	car	car	NOUN
ajfa-14348	98	101	parts	part	NOUN
ajfa-14348	98	102	(	(	PUNCT
ajfa-14348	98	103	rcp	rcp	PROPN
ajfa-14348	98	104	)	)	PUNCT
ajfa-14348	98	105	,	,	PUNCT
ajfa-14348	98	106	russia	russia	PROPN
ajfa-14348	98	107	textile	textile	NOUN
ajfa-14348	98	108	(	(	PUNCT
ajfa-14348	98	109	rfz	rfz	PROPN
ajfa-14348	98	110	)	)	PUNCT
ajfa-14348	98	111	,	,	PUNCT
ajfa-14348	98	112	russia	russia	PROPN
ajfa-14348	98	113	industry	industry	NOUN
ajfa-14348	98	114	(	(	PUNCT
ajfa-14348	98	115	rgy	rgy	PROPN
ajfa-14348	98	116	)	)	PUNCT
ajfa-14348	98	117	,	,	PUNCT
ajfa-14348	98	118	russia	russia	PROPN
ajfa-14348	98	119	construction	construction	NOUN
ajfa-14348	98	120	(	(	PUNCT
ajfa-14348	98	121	rjz	rjz	PROPN
ajfa-14348	98	122	)	)	PUNCT
ajfa-14348	98	123	,	,	PUNCT
ajfa-14348	98	124	russia	russia	PROPN
ajfa-14348	98	125	transportation	transportation	PROPN
ajfa-14348	98	126	(	(	PUNCT
ajfa-14348	98	127	rys	rys	PROPN
ajfa-14348	98	128	)	)	PUNCT
ajfa-14348	98	129	,	,	PUNCT
ajfa-14348	98	130	russia	russia	PROPN
ajfa-14348	98	131	energy	energy	NOUN
ajfa-14348	98	132	(	(	PUNCT
ajfa-14348	98	133	rny	rny	PROPN
ajfa-14348	98	134	)	)	PUNCT
ajfa-14348	98	135	,	,	PUNCT
ajfa-14348	98	136	russia	russia	PROPN
ajfa-14348	98	137	fuel	fuel	NOUN
ajfa-14348	98	138	(	(	PUNCT
ajfa-14348	98	139	rrl	rrl	PROPN
ajfa-14348	98	140	)	)	PUNCT
ajfa-14348	98	141	.	.	PUNCT
ajfa-14348	99	1	the	the	DET
ajfa-14348	99	2	data	datum	NOUN
ajfa-14348	99	3	are	be	AUX
ajfa-14348	99	4	gathered	gather	VERB
ajfa-14348	99	5	from	from	ADP
ajfa-14348	99	6	bloomberg	bloomberg	PROPN
ajfa-14348	99	7	database	database	NOUN
ajfa-14348	99	8	.	.	PUNCT
ajfa-14348	100	1	jarque	jarque	NOUN
ajfa-14348	100	2	-	-	PUNCT
ajfa-14348	100	3	bera	bera	NOUN
ajfa-14348	100	4	tests	test	NOUN
ajfa-14348	100	5	on	on	ADP
ajfa-14348	100	6	the	the	DET
ajfa-14348	100	7	17	17	NUM
ajfa-14348	100	8	variables	variable	NOUN
ajfa-14348	100	9	show	show	VERB
ajfa-14348	100	10	that	that	SCONJ
ajfa-14348	100	11	all	all	DET
ajfa-14348	100	12	the	the	DET
ajfa-14348	100	13	variables	variable	NOUN
ajfa-14348	100	14	exhibit	exhibit	VERB
ajfa-14348	100	15	the	the	DET
ajfa-14348	100	16	characteristics	characteristic	NOUN
ajfa-14348	100	17	of	of	ADP
ajfa-14348	100	18	“	"	PUNCT
ajfa-14348	100	19	sharp	sharp	ADJ
ajfa-14348	100	20	peak	peak	NOUN
ajfa-14348	100	21	and	and	CCONJ
ajfa-14348	100	22	thick	thick	ADJ
ajfa-14348	100	23	tail	tail	NOUN
ajfa-14348	100	24	”	"	PUNCT
ajfa-14348	100	25	,	,	PUNCT
ajfa-14348	100	26	which	which	PRON
ajfa-14348	100	27	does	do	AUX
ajfa-14348	100	28	not	not	PART
ajfa-14348	100	29	comply	comply	VERB
ajfa-14348	100	30	with	with	ADP
ajfa-14348	100	31	the	the	DET
ajfa-14348	100	32	normal	normal	ADJ
ajfa-14348	100	33	distribution	distribution	NOUN
ajfa-14348	100	34	and	and	CCONJ
ajfa-14348	100	35	has	have	VERB
ajfa-14348	100	36	a	a	DET
ajfa-14348	100	37	wide	wide	ADJ
ajfa-14348	100	38	range	range	NOUN
ajfa-14348	100	39	of	of	ADP
ajfa-14348	100	40	fluctuations	fluctuation	NOUN
ajfa-14348	100	41	.	.	PUNCT
ajfa-14348	101	1	stationarity	stationarity	NOUN
ajfa-14348	101	2	tests	test	NOUN
ajfa-14348	101	3	find	find	VERB
ajfa-14348	101	4	that	that	SCONJ
ajfa-14348	101	5	the	the	DET
ajfa-14348	101	6	17	17	NUM
ajfa-14348	101	7	variables	variable	NOUN
ajfa-14348	101	8	have	have	VERB
ajfa-14348	101	9	unit	unit	NOUN
ajfa-14348	101	10	roots	root	NOUN
ajfa-14348	101	11	at	at	ADP
ajfa-14348	101	12	the	the	DET
ajfa-14348	101	13	1	1	NUM
ajfa-14348	101	14	%	%	NOUN
ajfa-14348	101	15	significance	significance	NOUN
ajfa-14348	101	16	level	level	NOUN
ajfa-14348	101	17	,	,	PUNCT
ajfa-14348	101	18	i.e.	i.e.	X
ajfa-14348	101	19	,	,	PUNCT
ajfa-14348	101	20	they	they	PRON
ajfa-14348	101	21	are	be	AUX
ajfa-14348	101	22	non	non	ADJ
ajfa-14348	101	23	-	-	ADJ
ajfa-14348	101	24	stationary	stationary	ADJ
ajfa-14348	101	25	time	time	NOUN
ajfa-14348	101	26	series	series	NOUN
ajfa-14348	101	27	.	.	PUNCT
ajfa-14348	102	1	in	in	ADP
ajfa-14348	102	2	view	view	NOUN
ajfa-14348	102	3	of	of	ADP
ajfa-14348	102	4	this	this	PRON
ajfa-14348	102	5	,	,	PUNCT
ajfa-14348	102	6	this	this	DET
ajfa-14348	102	7	study	study	NOUN
ajfa-14348	102	8	proposes	propose	VERB
ajfa-14348	102	9	two	two	NUM
ajfa-14348	102	10	schemes	scheme	NOUN
ajfa-14348	102	11	for	for	ADP
ajfa-14348	102	12	further	further	ADJ
ajfa-14348	102	13	research	research	NOUN
ajfa-14348	102	14	:	:	PUNCT
ajfa-14348	102	15	1	1	X
ajfa-14348	102	16	.	.	X
ajfa-14348	102	17	first	first	ADJ
ajfa-14348	102	18	-	-	PUNCT
ajfa-14348	102	19	order	order	NOUN
ajfa-14348	102	20	difference	difference	NOUN
ajfa-14348	102	21	of	of	ADP
ajfa-14348	102	22	the	the	DET
ajfa-14348	102	23	original	original	ADJ
ajfa-14348	102	24	data	datum	NOUN
ajfa-14348	102	25	;	;	PUNCT
ajfa-14348	102	26	2	2	X
ajfa-14348	102	27	.	.	X
ajfa-14348	102	28	cointegration	cointegration	NOUN
ajfa-14348	102	29	test	test	NOUN
ajfa-14348	102	30	of	of	ADP
ajfa-14348	102	31	the	the	DET
ajfa-14348	102	32	original	original	ADJ
ajfa-14348	102	33	data	datum	NOUN
ajfa-14348	102	34	.	.	PUNCT
ajfa-14348	103	1	4.1	4.1	NUM
ajfa-14348	103	2	first	first	ADJ
ajfa-14348	103	3	-	-	PUNCT
ajfa-14348	103	4	order	order	NOUN
ajfa-14348	103	5	difference	difference	NOUN
ajfa-14348	103	6	after	after	ADP
ajfa-14348	103	7	making	make	VERB
ajfa-14348	103	8	first	first	ADJ
ajfa-14348	103	9	-	-	PUNCT
ajfa-14348	103	10	order	order	NOUN
ajfa-14348	103	11	difference	difference	NOUN
ajfa-14348	103	12	for	for	ADP
ajfa-14348	103	13	the	the	DET
ajfa-14348	103	14	original	original	ADJ
ajfa-14348	103	15	data	datum	NOUN
ajfa-14348	103	16	,	,	PUNCT
ajfa-14348	103	17	the	the	DET
ajfa-14348	103	18	17	17	NUM
ajfa-14348	103	19	variables	variable	NOUN
ajfa-14348	103	20	selected	select	VERB
ajfa-14348	103	21	reject	reject	VERB
ajfa-14348	103	22	the	the	DET
ajfa-14348	103	23	null	null	ADJ
ajfa-14348	103	24	hypothesis	hypothesis	NOUN
ajfa-14348	103	25	that	that	SCONJ
ajfa-14348	103	26	there	there	PRON
ajfa-14348	103	27	is	be	VERB
ajfa-14348	103	28	a	a	DET
ajfa-14348	103	29	unit	unit	NOUN
ajfa-14348	103	30	root	root	NOUN
ajfa-14348	103	31	at	at	ADP
ajfa-14348	103	32	the	the	DET
ajfa-14348	103	33	1	1	NUM
ajfa-14348	103	34	%	%	NOUN
ajfa-14348	103	35	significance	significance	NOUN
ajfa-14348	103	36	level	level	NOUN
ajfa-14348	103	37	,	,	PUNCT
ajfa-14348	103	38	i.e.	i.e.	X
ajfa-14348	103	39	,	,	PUNCT
ajfa-14348	103	40	all	all	DET
ajfa-14348	103	41	variables	variable	NOUN
ajfa-14348	103	42	become	become	VERB
ajfa-14348	103	43	stationary	stationary	ADJ
ajfa-14348	103	44	series	series	NOUN
ajfa-14348	103	45	.	.	PUNCT
ajfa-14348	104	1	the	the	DET
ajfa-14348	104	2	results	result	NOUN
ajfa-14348	104	3	of	of	ADP
ajfa-14348	104	4	granger	granger	PROPN
ajfa-14348	104	5	causality	causality	PROPN
ajfa-14348	104	6	test	test	NOUN
ajfa-14348	104	7	show	show	VERB
ajfa-14348	104	8	that	that	SCONJ
ajfa-14348	104	9	there	there	PRON
ajfa-14348	104	10	is	be	VERB
ajfa-14348	104	11	a	a	DET
ajfa-14348	104	12	two	two	NUM
ajfa-14348	104	13	-	-	PUNCT
ajfa-14348	104	14	way	way	NOUN
ajfa-14348	104	15	granger	granger	NOUN
ajfa-14348	104	16	causality	causality	PROPN
ajfa-14348	104	17	between	between	ADP
ajfa-14348	104	18	brent	brent	PROPN
ajfa-14348	104	19	crude	crude	PROPN
ajfa-14348	104	20	oil	oil	NOUN
ajfa-14348	104	21	futures	future	NOUN
ajfa-14348	104	22	price	price	NOUN
ajfa-14348	104	23	and	and	CCONJ
ajfa-14348	104	24	russia	russia	PROPN
ajfa-14348	104	25	industry	industry	NOUN
ajfa-14348	104	26	;	;	PUNCT
ajfa-14348	104	27	brent	brent	PROPN
ajfa-14348	104	28	crude	crude	PROPN
ajfa-14348	104	29	oil	oil	NOUN
ajfa-14348	104	30	futures	future	NOUN
ajfa-14348	104	31	price	price	NOUN
ajfa-14348	104	32	is	be	AUX
ajfa-14348	104	33	the	the	DET
ajfa-14348	104	34	granger	granger	PROPN
ajfa-14348	104	35	cause	cause	PROPN
ajfa-14348	104	36	of	of	ADP
ajfa-14348	104	37	zzny	zzny	PROPN
ajfa-14348	104	38	,	,	PUNCT
ajfa-14348	104	39	zzrl	zzrl	PROPN
ajfa-14348	104	40	,	,	PUNCT
ajfa-14348	104	41	rcp	rcp	NOUN
ajfa-14348	104	42	,	,	PUNCT
ajfa-14348	104	43	and	and	CCONJ
ajfa-14348	104	44	rny	rny	NOUN
ajfa-14348	104	45	;	;	PUNCT
ajfa-14348	104	46	brent	brent	PROPN
ajfa-14348	104	47	crude	crude	PROPN
ajfa-14348	104	48	oil	oil	NOUN
ajfa-14348	104	49	futures	future	NOUN
ajfa-14348	104	50	price	price	NOUN
ajfa-14348	104	51	is	be	AUX
ajfa-14348	104	52	also	also	ADV
ajfa-14348	104	53	the	the	DET
ajfa-14348	104	54	granger	granger	PROPN
ajfa-14348	104	55	cause	cause	PROPN
ajfa-14348	104	56	of	of	ADP
ajfa-14348	104	57	russia	russia	PROPN
ajfa-14348	104	58	textile	textile	NOUN
ajfa-14348	104	59	(	(	PUNCT
ajfa-14348	104	60	rfz	rfz	PROPN
ajfa-14348	104	61	)	)	PUNCT
ajfa-14348	104	62	and	and	CCONJ
ajfa-14348	104	63	russia	russia	PROPN
ajfa-14348	104	64	fuel	fuel	NOUN
ajfa-14348	104	65	(	(	PUNCT
ajfa-14348	104	66	rrl	rrl	PROPN
ajfa-14348	104	67	)	)	PUNCT
ajfa-14348	104	68	.	.	PUNCT
ajfa-14348	105	1	there	there	PRON
ajfa-14348	105	2	is	be	VERB
ajfa-14348	105	3	no	no	DET
ajfa-14348	105	4	granger	granger	PROPN
ajfa-14348	105	5	asian	asian	PROPN
ajfa-14348	105	6	journal	journal	PROPN
ajfa-14348	105	7	of	of	ADP
ajfa-14348	105	8	finance	finance	PROPN
ajfa-14348	105	9	&	&	CCONJ
ajfa-14348	105	10	accounting	accounting	PROPN
ajfa-14348	105	11	issn	issn	PROPN
ajfa-14348	105	12	1946	1946	NUM
ajfa-14348	105	13	-	-	PUNCT
ajfa-14348	105	14	052x	052x	PROPN
ajfa-14348	105	15	2019	2019	NUM
ajfa-14348	105	16	,	,	PUNCT
ajfa-14348	105	17	vol	vol	NOUN
ajfa-14348	105	18	.	.	PROPN
ajfa-14348	105	19	11	11	NUM
ajfa-14348	105	20	,	,	PUNCT
ajfa-14348	105	21	no	no	INTJ
ajfa-14348	105	22	.	.	NOUN
ajfa-14348	105	23	1	1	NUM
ajfa-14348	105	24	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	105	25	70	70	NUM
ajfa-14348	105	26	causality	causality	NOUN
ajfa-14348	105	27	between	between	ADP
ajfa-14348	105	28	brent	brent	PROPN
ajfa-14348	105	29	crude	crude	PROPN
ajfa-14348	105	30	oil	oil	NOUN
ajfa-14348	105	31	futures	future	NOUN
ajfa-14348	105	32	price	price	NOUN
ajfa-14348	105	33	and	and	CCONJ
ajfa-14348	105	34	the	the	DET
ajfa-14348	105	35	other	other	ADJ
ajfa-14348	105	36	nine	nine	NUM
ajfa-14348	105	37	variables	variable	NOUN
ajfa-14348	105	38	.	.	PUNCT
ajfa-14348	106	1	for	for	ADP
ajfa-14348	106	2	brent	brent	PROPN
ajfa-14348	106	3	crude	crude	PROPN
ajfa-14348	106	4	oil	oil	NOUN
ajfa-14348	106	5	futures	future	NOUN
ajfa-14348	106	6	price	price	NOUN
ajfa-14348	106	7	with	with	ADP
ajfa-14348	106	8	two	two	NUM
ajfa-14348	106	9	-	-	PUNCT
ajfa-14348	106	10	way	way	NOUN
ajfa-14348	106	11	granger	granger	NOUN
ajfa-14348	106	12	causality	causality	PROPN
ajfa-14348	106	13	and	and	CCONJ
ajfa-14348	106	14	rts	rts	PROPN
ajfa-14348	106	15	index	index	NOUN
ajfa-14348	106	16	,	,	PUNCT
ajfa-14348	106	17	var	var	PROPN
ajfa-14348	106	18	regression	regression	NOUN
ajfa-14348	106	19	is	be	AUX
ajfa-14348	106	20	used	use	VERB
ajfa-14348	106	21	to	to	PART
ajfa-14348	106	22	judge	judge	VERB
ajfa-14348	106	23	the	the	DET
ajfa-14348	106	24	relationship	relationship	NOUN
ajfa-14348	106	25	between	between	ADP
ajfa-14348	106	26	them	they	PRON
ajfa-14348	106	27	.	.	PUNCT
ajfa-14348	107	1	aic	aic	PROPN
ajfa-14348	107	2	,	,	PUNCT
ajfa-14348	107	3	fpe	fpe	PROPN
ajfa-14348	107	4	and	and	CCONJ
ajfa-14348	107	5	hq	hq	NOUN
ajfa-14348	107	6	information	information	NOUN
ajfa-14348	107	7	criteria	criterion	NOUN
ajfa-14348	107	8	show	show	VERB
ajfa-14348	107	9	that	that	SCONJ
ajfa-14348	107	10	the	the	DET
ajfa-14348	107	11	optimal	optimal	ADJ
ajfa-14348	107	12	lag	lag	NOUN
ajfa-14348	107	13	period	period	NOUN
ajfa-14348	107	14	of	of	ADP
ajfa-14348	107	15	var	var	NOUN
ajfa-14348	107	16	model	model	NOUN
ajfa-14348	107	17	is	be	AUX
ajfa-14348	107	18	two	two	NUM
ajfa-14348	107	19	lags	lag	NOUN
ajfa-14348	107	20	.	.	PUNCT
ajfa-14348	108	1	the	the	DET
ajfa-14348	108	2	results	result	NOUN
ajfa-14348	108	3	of	of	ADP
ajfa-14348	108	4	var	var	NOUN
ajfa-14348	108	5	regression	regression	NOUN
ajfa-14348	108	6	are	be	AUX
ajfa-14348	108	7	shown	show	VERB
ajfa-14348	108	8	in	in	ADP
ajfa-14348	108	9	table	table	NOUN
ajfa-14348	108	10	1	1	NUM
ajfa-14348	108	11	.	.	PUNCT
ajfa-14348	108	12	table	table	NOUN
ajfa-14348	108	13	1.var	1.var	PROPN
ajfa-14348	108	14	results	result	NOUN
ajfa-14348	108	15	dbrent	dbrent	PROPN
ajfa-14348	108	16	drts	drts	PROPN
ajfa-14348	108	17	drgy	drgy	PROPN
ajfa-14348	108	18	dbrent(-1	dbrent(-1	PROPN
ajfa-14348	108	19	)	)	PUNCT
ajfa-14348	108	20	-0.037323	-0.037323	NOUN
ajfa-14348	108	21	(	(	PUNCT
ajfa-14348	108	22	0.04548	0.04548	NUM
ajfa-14348	108	23	)	)	PUNCT
ajfa-14348	109	1	[	[	X
ajfa-14348	109	2	0.82060	0.82060	NUM
ajfa-14348	109	3	]	]	PUNCT
ajfa-14348	109	4	-0.055881	-0.055881	NOUN
ajfa-14348	109	5	(	(	PUNCT
ajfa-14348	109	6	0.69359	0.69359	NUM
ajfa-14348	109	7	)	)	PUNCT
ajfa-14348	110	1	[	[	X
ajfa-14348	110	2	-0.08057	-0.08057	X
ajfa-14348	110	3	]	]	X
ajfa-14348	110	4	0.039866	0.039866	NUM
ajfa-14348	110	5	(	(	PUNCT
ajfa-14348	110	6	0.06696	0.06696	NUM
ajfa-14348	110	7	)	)	PUNCT
ajfa-14348	111	1	[	[	X
ajfa-14348	111	2	0.59539	0.59539	NUM
ajfa-14348	111	3	]	]	X
ajfa-14348	111	4	dbrent(-2	dbrent(-2	NOUN
ajfa-14348	111	5	)	)	PUNCT
ajfa-14348	111	6	-0.000506	-0.000506	NOUN
ajfa-14348	111	7	(	(	PUNCT
ajfa-14348	111	8	0.04554	0.04554	NUM
ajfa-14348	111	9	)	)	PUNCT
ajfa-14348	112	1	[	[	X
ajfa-14348	112	2	-0.01111	-0.01111	X
ajfa-14348	112	3	]	]	PUNCT
ajfa-14348	112	4	-0.275300	-0.275300	X
ajfa-14348	112	5	(	(	PUNCT
ajfa-14348	112	6	0.69449	0.69449	NUM
ajfa-14348	112	7	)	)	PUNCT
ajfa-14348	113	1	[	[	X
ajfa-14348	113	2	-0.39640	-0.39640	X
ajfa-14348	113	3	]	]	X
ajfa-14348	113	4	-0.183224	-0.183224	X
ajfa-14348	113	5	(	(	PUNCT
ajfa-14348	113	6	0.06705	0.06705	NOUN
ajfa-14348	113	7	)	)	PUNCT
ajfa-14348	114	1	[	[	X
ajfa-14348	114	2	-2.73283	-2.73283	X
ajfa-14348	114	3	]	]	X
ajfa-14348	114	4	drts	drt	NOUN
ajfa-14348	114	5	(	(	PUNCT
ajfa-14348	114	6	-1	-1	ADJ
ajfa-14348	114	7	)	)	PUNCT
ajfa-14348	114	8	-0.002704	-0.002704	NOUN
ajfa-14348	114	9	(	(	PUNCT
ajfa-14348	114	10	0.00319	0.00319	NUM
ajfa-14348	114	11	)	)	PUNCT
ajfa-14348	115	1	[	[	X
ajfa-14348	115	2	-0.84773	-0.84773	X
ajfa-14348	115	3	]	]	X
ajfa-14348	115	4	-0.015363	-0.015363	NOUN
ajfa-14348	115	5	(	(	PUNCT
ajfa-14348	115	6	0.04864	0.04864	NUM
ajfa-14348	115	7	)	)	PUNCT
ajfa-14348	116	1	[	[	X
ajfa-14348	116	2	-3.31588	-3.31588	X
ajfa-14348	116	3	]	]	X
ajfa-14348	116	4	-0.001126	-0.001126	X
ajfa-14348	116	5	(	(	PUNCT
ajfa-14348	116	6	0.00470	0.00470	NOUN
ajfa-14348	116	7	)	)	PUNCT
ajfa-14348	117	1	[	[	X
ajfa-14348	117	2	-0.23989	-0.23989	X
ajfa-14348	117	3	]	]	X
ajfa-14348	117	4	drts	drt	NOUN
ajfa-14348	117	5	(	(	PUNCT
ajfa-14348	117	6	-2	-2	INTJ
ajfa-14348	117	7	)	)	PUNCT
ajfa-14348	117	8	-0.002807	-0.002807	X
ajfa-14348	117	9	(	(	PUNCT
ajfa-14348	117	10	0.00318	0.00318	NUM
ajfa-14348	117	11	)	)	PUNCT
ajfa-14348	118	1	[	[	X
ajfa-14348	118	2	-0.88212	-0.88212	NOUN
ajfa-14348	118	3	]	]	X
ajfa-14348	118	4	-0.012482	-0.012482	NOUN
ajfa-14348	118	5	(	(	PUNCT
ajfa-14348	118	6	0.04853	0.04853	NUM
ajfa-14348	118	7	)	)	PUNCT
ajfa-14348	119	1	[	[	X
ajfa-14348	119	2	-2.25721	-2.25721	X
ajfa-14348	119	3	]	]	X
ajfa-14348	119	4	-0.005343	-0.005343	NOUN
ajfa-14348	119	5	(	(	PUNCT
ajfa-14348	119	6	0.00468	0.00468	NUM
ajfa-14348	119	7	)	)	PUNCT
ajfa-14348	120	1	[	[	X
ajfa-14348	120	2	1.14055	1.14055	NUM
ajfa-14348	120	3	]	]	PUNCT
ajfa-14348	120	4	drgy(-1	drgy(-1	NOUN
ajfa-14348	120	5	)	)	PUNCT
ajfa-14348	120	6	0.089737	0.089737	NUM
ajfa-14348	120	7	(	(	PUNCT
ajfa-14348	120	8	0.02975	0.02975	NUM
ajfa-14348	120	9	)	)	PUNCT
ajfa-14348	121	1	[	[	X
ajfa-14348	121	2	3.01601	3.01601	NUM
ajfa-14348	121	3	]	]	PUNCT
ajfa-14348	121	4	2.145214	2.145214	NUM
ajfa-14348	121	5	(	(	PUNCT
ajfa-14348	121	6	0.45373	0.45373	NUM
ajfa-14348	121	7	)	)	PUNCT
ajfa-14348	122	1	[	[	X
ajfa-14348	122	2	4.72793	4.72793	NUM
ajfa-14348	122	3	]	]	SYM
ajfa-14348	122	4	0.219919	0.219919	NUM
ajfa-14348	122	5	(	(	PUNCT
ajfa-14348	122	6	0.04380	0.04380	NUM
ajfa-14348	122	7	)	)	PUNCT
ajfa-14348	123	1	[	[	X
ajfa-14348	123	2	5.02068	5.02068	NUM
ajfa-14348	123	3	]	]	PUNCT
ajfa-14348	123	4	drgy(-2	drgy(-2	PROPN
ajfa-14348	123	5	)	)	PUNCT
ajfa-14348	123	6	-0.026533	-0.026533	NOUN
ajfa-14348	123	7	(	(	PUNCT
ajfa-14348	123	8	0.03018	0.03018	NUM
ajfa-14348	123	9	)	)	PUNCT
ajfa-14348	124	1	[	[	X
ajfa-14348	124	2	-0.87920	-0.87920	X
ajfa-14348	124	3	]	]	X
ajfa-14348	124	4	-0.948154	-0.948154	X
ajfa-14348	124	5	(	(	PUNCT
ajfa-14348	124	6	0.46021	0.46021	NUM
ajfa-14348	124	7	)	)	PUNCT
ajfa-14348	125	1	[	[	X
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ajfa-14348	125	3	]	]	X
ajfa-14348	125	4	-0.086517	-0.086517	PROPN
ajfa-14348	125	5	(	(	PUNCT
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ajfa-14348	125	7	)	)	PUNCT
ajfa-14348	126	1	[	[	X
ajfa-14348	126	2	-1.94736	-1.94736	X
ajfa-14348	126	3	]	]	X
ajfa-14348	126	4	c	c	X
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ajfa-14348	126	6	(	(	PUNCT
ajfa-14348	126	7	0.03792	0.03792	NUM
ajfa-14348	126	8	)	)	PUNCT
ajfa-14348	126	9	0.284026	0.284026	NUM
ajfa-14348	126	10	(	(	PUNCT
ajfa-14348	126	11	0.57822	0.57822	NUM
ajfa-14348	126	12	)	)	PUNCT
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ajfa-14348	126	14	(	(	PUNCT
ajfa-14348	126	15	0.05582	0.05582	NUM
ajfa-14348	126	16	)	)	PUNCT
ajfa-14348	126	17	asian	asian	ADJ
ajfa-14348	126	18	journal	journal	NOUN
ajfa-14348	126	19	of	of	ADP
ajfa-14348	126	20	finance	finance	PROPN
ajfa-14348	126	21	&	&	CCONJ
ajfa-14348	126	22	accounting	accounting	PROPN
ajfa-14348	126	23	issn	issn	PROPN
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ajfa-14348	126	25	-	-	PUNCT
ajfa-14348	126	26	052x	052x	PROPN
ajfa-14348	126	27	2019	2019	NUM
ajfa-14348	126	28	,	,	PUNCT
ajfa-14348	126	29	vol	vol	NOUN
ajfa-14348	126	30	.	.	PROPN
ajfa-14348	126	31	11	11	NUM
ajfa-14348	126	32	,	,	PUNCT
ajfa-14348	126	33	no	no	INTJ
ajfa-14348	126	34	.	.	NOUN
ajfa-14348	126	35	1	1	NUM
ajfa-14348	126	36	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	126	37	71	71	NUM
ajfa-14348	127	1	[	[	X
ajfa-14348	127	2	0.77006	0.77006	NUM
ajfa-14348	127	3	]	]	PUNCT
ajfa-14348	128	1	[	[	X
ajfa-14348	128	2	0.49121	0.49121	X
ajfa-14348	128	3	]	]	X
ajfa-14348	129	1	[	[	X
ajfa-14348	129	2	1.32645	1.32645	NUM
ajfa-14348	129	3	]	]	PUNCT
ajfa-14348	129	4	r2	r2	PROPN
ajfa-14348	129	5	0.020318	0.020318	NUM
ajfa-14348	129	6	0.044186	0.044186	NUM
ajfa-14348	129	7	0.061708	0.061708	NUM
ajfa-14348	129	8	var	var	NOUN
ajfa-14348	129	9	test	test	NOUN
ajfa-14348	129	10	results	result	NOUN
ajfa-14348	129	11	show	show	VERB
ajfa-14348	129	12	that	that	SCONJ
ajfa-14348	129	13	:	:	PUNCT
ajfa-14348	129	14	1	1	X
ajfa-14348	129	15	.	.	PUNCT
ajfa-14348	129	16	the	the	DET
ajfa-14348	129	17	first	first	ADJ
ajfa-14348	129	18	and	and	CCONJ
ajfa-14348	129	19	second	second	ADJ
ajfa-14348	129	20	lag	lag	NOUN
ajfa-14348	129	21	orders	order	NOUN
ajfa-14348	129	22	of	of	ADP
ajfa-14348	129	23	brent	brent	PROPN
ajfa-14348	129	24	crude	crude	PROPN
ajfa-14348	129	25	oil	oil	NOUN
ajfa-14348	129	26	futures	future	NOUN
ajfa-14348	129	27	price	price	NOUN
ajfa-14348	129	28	have	have	VERB
ajfa-14348	129	29	significant	significant	ADJ
ajfa-14348	129	30	negative	negative	ADJ
ajfa-14348	129	31	effects	effect	NOUN
ajfa-14348	129	32	on	on	ADP
ajfa-14348	129	33	itself	itself	PRON
ajfa-14348	129	34	;	;	PUNCT
ajfa-14348	129	35	2	2	X
ajfa-14348	129	36	.	.	X
ajfa-14348	129	37	the	the	DET
ajfa-14348	129	38	first	first	ADJ
ajfa-14348	129	39	and	and	CCONJ
ajfa-14348	129	40	second	second	ADJ
ajfa-14348	129	41	lag	lag	NOUN
ajfa-14348	129	42	orders	order	NOUN
ajfa-14348	129	43	of	of	ADP
ajfa-14348	129	44	rts	rt	NOUN
ajfa-14348	129	45	index	index	NOUN
ajfa-14348	129	46	have	have	VERB
ajfa-14348	129	47	negative	negative	ADJ
ajfa-14348	129	48	effects	effect	NOUN
ajfa-14348	129	49	on	on	ADP
ajfa-14348	129	50	itself	itself	PRON
ajfa-14348	129	51	,	,	PUNCT
ajfa-14348	129	52	among	among	ADP
ajfa-14348	129	53	which	which	PRON
ajfa-14348	129	54	the	the	DET
ajfa-14348	129	55	first	first	ADJ
ajfa-14348	129	56	lag	lag	NOUN
ajfa-14348	129	57	order	order	NOUN
ajfa-14348	129	58	has	have	VERB
ajfa-14348	129	59	greater	great	ADJ
ajfa-14348	129	60	and	and	CCONJ
ajfa-14348	129	61	more	more	ADV
ajfa-14348	129	62	significant	significant	ADJ
ajfa-14348	129	63	effects	effect	NOUN
ajfa-14348	129	64	;	;	PUNCT
ajfa-14348	130	1	3	3	X
ajfa-14348	130	2	.	.	X
ajfa-14348	131	1	the	the	DET
ajfa-14348	131	2	first	first	ADJ
ajfa-14348	131	3	lag	lag	NOUN
ajfa-14348	131	4	order	order	NOUN
ajfa-14348	131	5	of	of	ADP
ajfa-14348	131	6	russia	russia	PROPN
ajfa-14348	131	7	industry	industry	NOUN
ajfa-14348	131	8	has	have	VERB
ajfa-14348	131	9	positive	positive	ADJ
ajfa-14348	131	10	effects	effect	NOUN
ajfa-14348	131	11	on	on	ADP
ajfa-14348	131	12	itself	itself	PRON
ajfa-14348	131	13	,	,	PUNCT
ajfa-14348	131	14	while	while	SCONJ
ajfa-14348	131	15	the	the	DET
ajfa-14348	131	16	second	second	ADJ
ajfa-14348	131	17	lag	lag	NOUN
ajfa-14348	131	18	order	order	NOUN
ajfa-14348	131	19	has	have	VERB
ajfa-14348	131	20	negative	negative	ADJ
ajfa-14348	131	21	effects	effect	NOUN
ajfa-14348	131	22	on	on	ADP
ajfa-14348	131	23	itself	itself	PRON
ajfa-14348	131	24	.	.	PUNCT
ajfa-14348	132	1	the	the	DET
ajfa-14348	132	2	influence	influence	NOUN
ajfa-14348	132	3	of	of	ADP
ajfa-14348	132	4	the	the	DET
ajfa-14348	132	5	second	second	ADJ
ajfa-14348	132	6	lag	lag	NOUN
ajfa-14348	132	7	order	order	NOUN
ajfa-14348	132	8	is	be	AUX
ajfa-14348	132	9	greater	great	ADJ
ajfa-14348	132	10	and	and	CCONJ
ajfa-14348	132	11	more	more	ADV
ajfa-14348	132	12	significant	significant	ADJ
ajfa-14348	132	13	;	;	PUNCT
ajfa-14348	132	14	4	4	X
ajfa-14348	132	15	.	.	X
ajfa-14348	133	1	the	the	DET
ajfa-14348	133	2	influence	influence	NOUN
ajfa-14348	133	3	of	of	ADP
ajfa-14348	133	4	the	the	DET
ajfa-14348	133	5	first	first	ADJ
ajfa-14348	133	6	and	and	CCONJ
ajfa-14348	133	7	second	second	ADJ
ajfa-14348	133	8	lag	lag	NOUN
ajfa-14348	133	9	order	order	NOUN
ajfa-14348	133	10	of	of	ADP
ajfa-14348	133	11	rts	rt	NOUN
ajfa-14348	133	12	index	index	NOUN
ajfa-14348	133	13	on	on	ADP
ajfa-14348	133	14	brent	brent	PROPN
ajfa-14348	133	15	crude	crude	PROPN
ajfa-14348	133	16	oil	oil	NOUN
ajfa-14348	133	17	futures	future	NOUN
ajfa-14348	133	18	price	price	NOUN
ajfa-14348	133	19	is	be	AUX
ajfa-14348	133	20	equal	equal	ADJ
ajfa-14348	133	21	,	,	PUNCT
ajfa-14348	133	22	while	while	SCONJ
ajfa-14348	133	23	the	the	DET
ajfa-14348	133	24	coefficient	coefficient	NOUN
ajfa-14348	133	25	of	of	ADP
ajfa-14348	133	26	the	the	DET
ajfa-14348	133	27	second	second	ADJ
ajfa-14348	133	28	lag	lag	NOUN
ajfa-14348	133	29	order	order	NOUN
ajfa-14348	133	30	is	be	AUX
ajfa-14348	133	31	more	more	ADV
ajfa-14348	133	32	significant	significant	ADJ
ajfa-14348	133	33	;	;	PUNCT
ajfa-14348	133	34	5	5	X
ajfa-14348	133	35	.	.	PUNCT
ajfa-14348	134	1	the	the	DET
ajfa-14348	134	2	first	first	ADJ
ajfa-14348	134	3	and	and	CCONJ
ajfa-14348	134	4	second	second	ADJ
ajfa-14348	134	5	lag	lag	NOUN
ajfa-14348	134	6	order	order	NOUN
ajfa-14348	134	7	of	of	ADP
ajfa-14348	134	8	russia	russia	PROPN
ajfa-14348	134	9	industry	industry	NOUN
ajfa-14348	134	10	has	have	VERB
ajfa-14348	134	11	greater	great	ADJ
ajfa-14348	134	12	influence	influence	NOUN
ajfa-14348	134	13	on	on	ADP
ajfa-14348	134	14	rts	rt	NOUN
ajfa-14348	134	15	index	index	NOUN
ajfa-14348	134	16	,	,	PUNCT
ajfa-14348	134	17	and	and	CCONJ
ajfa-14348	134	18	the	the	DET
ajfa-14348	134	19	effect	effect	NOUN
ajfa-14348	134	20	is	be	AUX
ajfa-14348	134	21	opposite	opposite	ADJ
ajfa-14348	134	22	.	.	PUNCT
ajfa-14348	135	1	before	before	ADP
ajfa-14348	135	2	impulse	impulse	ADJ
ajfa-14348	135	3	response	response	NOUN
ajfa-14348	135	4	,	,	PUNCT
ajfa-14348	135	5	this	this	DET
ajfa-14348	135	6	study	study	NOUN
ajfa-14348	135	7	first	first	ADV
ajfa-14348	135	8	detects	detect	VERB
ajfa-14348	135	9	the	the	DET
ajfa-14348	135	10	stability	stability	NOUN
ajfa-14348	135	11	of	of	ADP
ajfa-14348	135	12	var	var	NOUN
ajfa-14348	135	13	by	by	ADP
ajfa-14348	135	14	ar	ar	NOUN
ajfa-14348	135	15	root	root	NOUN
ajfa-14348	135	16	graph	graph	NOUN
ajfa-14348	135	17	.	.	PUNCT
ajfa-14348	136	1	the	the	DET
ajfa-14348	136	2	stability	stability	NOUN
ajfa-14348	136	3	test	test	NOUN
ajfa-14348	136	4	diagram	diagram	NOUN
ajfa-14348	136	5	and	and	CCONJ
ajfa-14348	136	6	impulse	impulse	ADJ
ajfa-14348	136	7	response	response	NOUN
ajfa-14348	136	8	diagram	diagram	NOUN
ajfa-14348	136	9	are	be	AUX
ajfa-14348	136	10	shown	show	VERB
ajfa-14348	136	11	in	in	ADP
ajfa-14348	136	12	figure	figure	NOUN
ajfa-14348	136	13	1	1	NUM
ajfa-14348	136	14	.	.	PUNCT
ajfa-14348	136	15	figure	figure	NOUN
ajfa-14348	136	16	1	1	NUM
ajfa-14348	136	17	.	.	X
ajfa-14348	136	18	ar	ar	NOUN
ajfa-14348	136	19	root	root	NOUN
ajfa-14348	136	20	graph	graph	NOUN
ajfa-14348	136	21	and	and	CCONJ
ajfa-14348	136	22	impulse	impulse	ADJ
ajfa-14348	136	23	response	response	NOUN
ajfa-14348	136	24	graph	graph	VERB
ajfa-14348	136	25	the	the	DET
ajfa-14348	136	26	impulse	impulse	ADJ
ajfa-14348	136	27	response	response	NOUN
ajfa-14348	136	28	results	result	NOUN
ajfa-14348	136	29	show	show	VERB
ajfa-14348	136	30	that	that	SCONJ
ajfa-14348	136	31	the	the	DET
ajfa-14348	136	32	impact	impact	NOUN
ajfa-14348	136	33	of	of	ADP
ajfa-14348	136	34	rts	rt	NOUN
ajfa-14348	136	35	index	index	NOUN
ajfa-14348	136	36	on	on	ADP
ajfa-14348	136	37	brent	brent	PROPN
ajfa-14348	136	38	crude	crude	PROPN
ajfa-14348	136	39	oil	oil	NOUN
ajfa-14348	136	40	futures	future	NOUN
ajfa-14348	136	41	price	price	NOUN
ajfa-14348	136	42	has	have	VERB
ajfa-14348	136	43	two	two	NUM
ajfa-14348	136	44	lags	lag	NOUN
ajfa-14348	136	45	;	;	PUNCT
ajfa-14348	136	46	the	the	DET
ajfa-14348	136	47	impact	impact	NOUN
ajfa-14348	136	48	of	of	ADP
ajfa-14348	136	49	brent	brent	PROPN
ajfa-14348	136	50	crude	crude	PROPN
ajfa-14348	136	51	oil	oil	NOUN
ajfa-14348	136	52	futures	future	NOUN
ajfa-14348	136	53	price	price	NOUN
ajfa-14348	136	54	on	on	ADP
ajfa-14348	136	55	rts	rt	NOUN
ajfa-14348	136	56	index	index	NOUN
ajfa-14348	136	57	has	have	VERB
ajfa-14348	136	58	no	no	DET
ajfa-14348	136	59	lag	lag	NOUN
ajfa-14348	136	60	,	,	PUNCT
ajfa-14348	136	61	and	and	CCONJ
ajfa-14348	136	62	has	have	VERB
ajfa-14348	136	63	immediate	immediate	ADJ
ajfa-14348	136	64	impact	impact	NOUN
ajfa-14348	136	65	and	and	CCONJ
ajfa-14348	136	66	lasts	last	VERB
ajfa-14348	136	67	about	about	ADV
ajfa-14348	136	68	four	four	NUM
ajfa-14348	136	69	periods	period	NOUN
ajfa-14348	136	70	;	;	PUNCT
ajfa-14348	136	71	in	in	ADP
ajfa-14348	136	72	the	the	DET
ajfa-14348	136	73	long	long	ADJ
ajfa-14348	136	74	run	run	NOUN
ajfa-14348	136	75	,	,	PUNCT
ajfa-14348	136	76	both	both	PRON
ajfa-14348	136	77	rts	rt	NOUN
ajfa-14348	136	78	index	index	NOUN
ajfa-14348	136	79	and	and	CCONJ
ajfa-14348	136	80	brent	brent	PROPN
ajfa-14348	136	81	crude	crude	PROPN
ajfa-14348	136	82	oil	oil	NOUN
ajfa-14348	136	83	futures	future	NOUN
ajfa-14348	136	84	price	price	NOUN
ajfa-14348	136	85	are	be	AUX
ajfa-14348	136	86	stable	stable	ADJ
ajfa-14348	136	87	,	,	PUNCT
ajfa-14348	136	88	and	and	CCONJ
ajfa-14348	136	89	the	the	DET
ajfa-14348	136	90	impact	impact	NOUN
ajfa-14348	136	91	effect	effect	NOUN
ajfa-14348	136	92	is	be	AUX
ajfa-14348	136	93	basically	basically	ADV
ajfa-14348	136	94	unchanged	unchanged	ADJ
ajfa-14348	136	95	.	.	PUNCT
ajfa-14348	137	1	based	base	VERB
ajfa-14348	137	2	on	on	ADP
ajfa-14348	137	3	the	the	DET
ajfa-14348	137	4	established	establish	VERB
ajfa-14348	137	5	var	var	NOUN
ajfa-14348	137	6	model	model	NOUN
ajfa-14348	137	7	,	,	PUNCT
ajfa-14348	137	8	the	the	DET
ajfa-14348	137	9	variance	variance	NOUN
ajfa-14348	137	10	decomposition	decomposition	NOUN
ajfa-14348	137	11	of	of	ADP
ajfa-14348	137	12	rts	rt	NOUN
ajfa-14348	137	13	index	index	NOUN
ajfa-14348	137	14	and	and	CCONJ
ajfa-14348	137	15	crude	crude	ADJ
ajfa-14348	137	16	oil	oil	NOUN
ajfa-14348	137	17	futures	future	NOUN
ajfa-14348	137	18	price	price	NOUN
ajfa-14348	137	19	is	be	AUX
ajfa-14348	137	20	carried	carry	VERB
ajfa-14348	137	21	out	out	ADP
ajfa-14348	137	22	.	.	PUNCT
ajfa-14348	138	1	before	before	ADP
ajfa-14348	138	2	variance	variance	NOUN
ajfa-14348	138	3	decomposition	decomposition	NOUN
ajfa-14348	138	4	,	,	PUNCT
ajfa-14348	138	5	cholesky	cholesky	ADJ
ajfa-14348	138	6	orthogonalization	orthogonalization	NOUN
ajfa-14348	138	7	is	be	AUX
ajfa-14348	138	8	used	use	VERB
ajfa-14348	138	9	to	to	PART
ajfa-14348	138	10	eliminate	eliminate	VERB
ajfa-14348	138	11	the	the	DET
ajfa-14348	138	12	serial	serial	ADJ
ajfa-14348	138	13	correlation	correlation	NOUN
ajfa-14348	138	14	and	and	CCONJ
ajfa-14348	138	15	autocorrelation	autocorrelation	NOUN
ajfa-14348	138	16	among	among	ADP
ajfa-14348	138	17	residuals	residual	NOUN
ajfa-14348	138	18	.	.	PUNCT
ajfa-14348	139	1	the	the	DET
ajfa-14348	139	2	results	result	NOUN
ajfa-14348	139	3	of	of	ADP
ajfa-14348	139	4	variance	variance	NOUN
ajfa-14348	139	5	decomposition	decomposition	NOUN
ajfa-14348	139	6	are	be	AUX
ajfa-14348	139	7	shown	show	VERB
ajfa-14348	139	8	in	in	ADP
ajfa-14348	139	9	table	table	NOUN
ajfa-14348	139	10	2	2	NUM
ajfa-14348	139	11	.	.	PUNCT
ajfa-14348	139	12	asian	asian	ADJ
ajfa-14348	139	13	journal	journal	PROPN
ajfa-14348	139	14	of	of	ADP
ajfa-14348	139	15	finance	finance	PROPN
ajfa-14348	139	16	&	&	CCONJ
ajfa-14348	139	17	accounting	accounting	PROPN
ajfa-14348	139	18	issn	issn	PROPN
ajfa-14348	139	19	1946	1946	NUM
ajfa-14348	139	20	-	-	PUNCT
ajfa-14348	139	21	052x	052x	PROPN
ajfa-14348	139	22	2019	2019	NUM
ajfa-14348	139	23	,	,	PUNCT
ajfa-14348	139	24	vol	vol	NOUN
ajfa-14348	139	25	.	.	PROPN
ajfa-14348	140	1	11	11	NUM
ajfa-14348	140	2	,	,	PUNCT
ajfa-14348	140	3	no	no	INTJ
ajfa-14348	140	4	.	.	NOUN
ajfa-14348	140	5	1	1	NUM
ajfa-14348	140	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	140	7	72	72	NUM
ajfa-14348	140	8	table	table	NOUN
ajfa-14348	140	9	2.variance	2.variance	NUM
ajfa-14348	140	10	decomposition	decomposition	NOUN
ajfa-14348	140	11	results	result	NOUN
ajfa-14348	140	12	dbrent	dbrent	NOUN
ajfa-14348	140	13	drts	drt	NOUN
ajfa-14348	140	14	period	period	NOUN
ajfa-14348	140	15	s.e	s.e	PROPN
ajfa-14348	140	16	.	.	PROPN
ajfa-14348	140	17	dbrent	dbrent	PROPN
ajfa-14348	140	18	drts	drts	PROPN
ajfa-14348	140	19	period	period	PROPN
ajfa-14348	140	20	s.e	s.e	PROPN
ajfa-14348	140	21	.	.	PROPN
ajfa-14348	140	22	dbrent	dbrent	PROPN
ajfa-14348	140	23	drts	drt	VERB
ajfa-14348	140	24	1	1	NUM
ajfa-14348	140	25	0.984979	0.984979	NUM
ajfa-14348	140	26	100.0000	100.0000	NUM
ajfa-14348	140	27	0.000000	0.000000	NUM
ajfa-14348	140	28	1	1	NUM
ajfa-14348	140	29	15.16729	15.16729	NUM
ajfa-14348	140	30	27.71142	27.71142	NUM
ajfa-14348	140	31	72.28858	72.28858	NUM
ajfa-14348	140	32	2	2	NUM
ajfa-14348	140	33	0.986134	0.986134	NUM
ajfa-14348	140	34	99.99845	99.99845	NUM
ajfa-14348	140	35	0.001547	0.001547	NUM
ajfa-14348	140	36	2	2	NUM
ajfa-14348	140	37	15.20552	15.20552	NUM
ajfa-14348	140	38	27.79667	27.79667	NUM
ajfa-14348	140	39	72.20333	72.20333	NUM
ajfa-14348	140	40	3	3	NUM
ajfa-14348	140	41	0.987249	0.987249	NUM
ajfa-14348	140	42	99.81215	99.81215	NUM
ajfa-14348	140	43	0.187845	0.187845	NUM
ajfa-14348	140	44	3	3	NUM
ajfa-14348	140	45	15.22351	15.22351	NUM
ajfa-14348	140	46	27.85850	27.85850	NUM
ajfa-14348	140	47	72.14150	72.14150	NUM
ajfa-14348	140	48	4	4	NUM
ajfa-14348	140	49	0.987266	0.987266	NUM
ajfa-14348	140	50	99.80984	99.80984	NUM
ajfa-14348	140	51	0.190164	0.190164	NUM
ajfa-14348	140	52	4	4	NUM
ajfa-14348	140	53	15.22392	15.22392	NUM
ajfa-14348	140	54	27.85987	27.85987	NUM
ajfa-14348	140	55	72.14013	72.14013	NUM
ajfa-14348	140	56	5	5	NUM
ajfa-14348	140	57	0.987268	0.987268	NUM
ajfa-14348	140	58	99.80968	99.80968	NUM
ajfa-14348	140	59	0.190320	0.190320	NUM
ajfa-14348	140	60	5	5	NUM
ajfa-14348	140	61	15.22396	15.22396	NUM
ajfa-14348	140	62	27.85994	27.85994	NUM
ajfa-14348	140	63	72.14006	72.14006	NUM
ajfa-14348	140	64	6	6	NUM
ajfa-14348	140	65	0.987268	0.987268	NUM
ajfa-14348	140	66	99.80967	99.80967	NUM
ajfa-14348	140	67	0.190329	0.190329	NUM
ajfa-14348	140	68	6	6	NUM
ajfa-14348	140	69	15.22397	15.22397	NUM
ajfa-14348	140	70	27.85994	27.85994	NUM
ajfa-14348	140	71	72.14006	72.14006	NUM
ajfa-14348	140	72	7	7	NUM
ajfa-14348	140	73	0.987268	0.987268	NUM
ajfa-14348	140	74	99.80967	99.80967	NUM
ajfa-14348	140	75	0.190329	0.190329	NUM
ajfa-14348	140	76	7	7	NUM
ajfa-14348	140	77	15.22397	15.22397	NUM
ajfa-14348	140	78	27.85994	27.85994	NUM
ajfa-14348	140	79	72.14006	72.14006	NUM
ajfa-14348	140	80	8	8	NUM
ajfa-14348	140	81	0.987268	0.987268	NUM
ajfa-14348	140	82	99.80967	99.80967	NUM
ajfa-14348	140	83	0.190329	0.190329	NUM
ajfa-14348	140	84	8	8	NUM
ajfa-14348	140	85	15.22397	15.22397	NUM
ajfa-14348	140	86	27.85994	27.85994	NUM
ajfa-14348	140	87	72.14006	72.14006	NUM
ajfa-14348	140	88	9	9	NUM
ajfa-14348	140	89	0.987268	0.987268	NUM
ajfa-14348	140	90	99.80967	99.80967	NUM
ajfa-14348	140	91	0.190329	0.190329	NUM
ajfa-14348	140	92	9	9	NUM
ajfa-14348	140	93	15.22397	15.22397	NUM
ajfa-14348	140	94	27.85994	27.85994	NUM
ajfa-14348	140	95	72.14006	72.14006	NUM
ajfa-14348	140	96	10	10	NUM
ajfa-14348	140	97	0.987268	0.987268	NUM
ajfa-14348	140	98	99.80967	99.80967	NUM
ajfa-14348	140	99	0.190329	0.190329	NUM
ajfa-14348	140	100	10	10	NUM
ajfa-14348	140	101	15.22397	15.22397	NUM
ajfa-14348	140	102	27.85994	27.85994	NUM
ajfa-14348	140	103	72.14006	72.14006	NUM
ajfa-14348	140	104	the	the	DET
ajfa-14348	140	105	results	result	NOUN
ajfa-14348	140	106	of	of	ADP
ajfa-14348	140	107	variance	variance	NOUN
ajfa-14348	140	108	decomposition	decomposition	NOUN
ajfa-14348	140	109	show	show	VERB
ajfa-14348	140	110	that	that	SCONJ
ajfa-14348	140	111	the	the	DET
ajfa-14348	140	112	initial	initial	ADJ
ajfa-14348	140	113	rts	rt	NOUN
ajfa-14348	140	114	index	index	NOUN
ajfa-14348	140	115	has	have	VERB
ajfa-14348	140	116	a	a	DET
ajfa-14348	140	117	low	low	ADJ
ajfa-14348	140	118	explanatory	explanatory	ADJ
ajfa-14348	140	119	power	power	NOUN
ajfa-14348	140	120	to	to	ADP
ajfa-14348	140	121	brent	brent	PROPN
ajfa-14348	140	122	crude	crude	PROPN
ajfa-14348	140	123	oil	oil	NOUN
ajfa-14348	140	124	futures	future	NOUN
ajfa-14348	140	125	price	price	NOUN
ajfa-14348	140	126	fluctuation	fluctuation	NOUN
ajfa-14348	140	127	,	,	PUNCT
ajfa-14348	140	128	but	but	CCONJ
ajfa-14348	140	129	it	it	PRON
ajfa-14348	140	130	increases	increase	VERB
ajfa-14348	140	131	slowly	slowly	ADV
ajfa-14348	140	132	with	with	ADP
ajfa-14348	140	133	the	the	DET
ajfa-14348	140	134	increase	increase	NOUN
ajfa-14348	140	135	of	of	ADP
ajfa-14348	140	136	futures	future	NOUN
ajfa-14348	140	137	,	,	PUNCT
ajfa-14348	140	138	and	and	CCONJ
ajfa-14348	140	139	remains	remain	VERB
ajfa-14348	140	140	unchanged	unchanged	ADJ
ajfa-14348	140	141	from	from	ADP
ajfa-14348	140	142	the	the	DET
ajfa-14348	140	143	fourth	fourth	ADJ
ajfa-14348	140	144	to	to	PART
ajfa-14348	140	145	0.19	0.19	NUM
ajfa-14348	140	146	%	%	NOUN
ajfa-14348	140	147	.	.	PUNCT
ajfa-14348	141	1	to	to	PART
ajfa-14348	141	2	be	be	AUX
ajfa-14348	141	3	specific	specific	ADJ
ajfa-14348	141	4	,	,	PUNCT
ajfa-14348	141	5	the	the	DET
ajfa-14348	141	6	influence	influence	NOUN
ajfa-14348	141	7	of	of	ADP
ajfa-14348	141	8	rts	rt	NOUN
ajfa-14348	141	9	index	index	NOUN
ajfa-14348	141	10	on	on	ADP
ajfa-14348	141	11	brent	brent	PROPN
ajfa-14348	141	12	crude	crude	PROPN
ajfa-14348	141	13	oil	oil	NOUN
ajfa-14348	141	14	futures	future	NOUN
ajfa-14348	141	15	price	price	NOUN
ajfa-14348	141	16	fluctuation	fluctuation	NOUN
ajfa-14348	141	17	has	have	VERB
ajfa-14348	141	18	a	a	DET
ajfa-14348	141	19	lagging	lag	VERB
ajfa-14348	141	20	effect	effect	NOUN
ajfa-14348	141	21	,	,	PUNCT
ajfa-14348	141	22	and	and	CCONJ
ajfa-14348	141	23	the	the	DET
ajfa-14348	141	24	explanatory	explanatory	ADJ
ajfa-14348	141	25	power	power	NOUN
ajfa-14348	141	26	is	be	AUX
ajfa-14348	141	27	low	low	ADJ
ajfa-14348	141	28	.	.	PUNCT
ajfa-14348	142	1	brent	brent	PROPN
ajfa-14348	142	2	crude	crude	PROPN
ajfa-14348	142	3	oil	oil	NOUN
ajfa-14348	142	4	futures	future	NOUN
ajfa-14348	142	5	price	price	NOUN
ajfa-14348	142	6	has	have	VERB
ajfa-14348	142	7	a	a	DET
ajfa-14348	142	8	strong	strong	ADJ
ajfa-14348	142	9	explanation	explanation	NOUN
ajfa-14348	142	10	for	for	ADP
ajfa-14348	142	11	itself	itself	PRON
ajfa-14348	142	12	.	.	PUNCT
ajfa-14348	143	1	the	the	DET
ajfa-14348	143	2	contribution	contribution	NOUN
ajfa-14348	143	3	of	of	ADP
ajfa-14348	143	4	brent	brent	PROPN
ajfa-14348	143	5	crude	crude	PROPN
ajfa-14348	143	6	oil	oil	NOUN
ajfa-14348	143	7	futures	future	NOUN
ajfa-14348	143	8	price	price	NOUN
ajfa-14348	143	9	to	to	ADP
ajfa-14348	143	10	rts	rt	NOUN
ajfa-14348	143	11	index	index	NOUN
ajfa-14348	143	12	is	be	AUX
ajfa-14348	143	13	medium	medium	ADJ
ajfa-14348	143	14	.	.	PUNCT
ajfa-14348	144	1	the	the	DET
ajfa-14348	144	2	first	first	ADJ
ajfa-14348	144	3	explanation	explanation	NOUN
ajfa-14348	144	4	is	be	AUX
ajfa-14348	144	5	27.71	27.71	NUM
ajfa-14348	144	6	%	%	NOUN
ajfa-14348	144	7	,	,	PUNCT
ajfa-14348	144	8	but	but	CCONJ
ajfa-14348	144	9	the	the	DET
ajfa-14348	144	10	growth	growth	NOUN
ajfa-14348	144	11	is	be	AUX
ajfa-14348	144	12	very	very	ADV
ajfa-14348	144	13	slow	slow	ADJ
ajfa-14348	144	14	.	.	PUNCT
ajfa-14348	145	1	by	by	ADP
ajfa-14348	145	2	the	the	DET
ajfa-14348	145	3	fifth	fifth	ADJ
ajfa-14348	145	4	period	period	NOUN
ajfa-14348	145	5	,	,	PUNCT
ajfa-14348	145	6	brent	brent	PROPN
ajfa-14348	145	7	crude	crude	PROPN
ajfa-14348	145	8	oil	oil	NOUN
ajfa-14348	145	9	futures	future	NOUN
ajfa-14348	145	10	price	price	NOUN
ajfa-14348	145	11	stagnates	stagnate	VERB
ajfa-14348	145	12	to	to	ADP
ajfa-14348	145	13	27.86	27.86	NUM
ajfa-14348	145	14	%	%	NOUN
ajfa-14348	145	15	.	.	PUNCT
ajfa-14348	146	1	therefore	therefore	ADV
ajfa-14348	146	2	,	,	PUNCT
ajfa-14348	146	3	brent	brent	PROPN
ajfa-14348	146	4	crude	crude	PROPN
ajfa-14348	146	5	oil	oil	NOUN
ajfa-14348	146	6	futures	future	NOUN
ajfa-14348	146	7	price	price	NOUN
ajfa-14348	146	8	has	have	VERB
ajfa-14348	146	9	no	no	DET
ajfa-14348	146	10	lagging	lagging	ADJ
ajfa-14348	146	11	effect	effect	NOUN
ajfa-14348	146	12	on	on	ADP
ajfa-14348	146	13	rts	rt	NOUN
ajfa-14348	146	14	index	index	NOUN
ajfa-14348	146	15	,	,	PUNCT
ajfa-14348	146	16	and	and	CCONJ
ajfa-14348	146	17	its	its	PRON
ajfa-14348	146	18	impact	impact	NOUN
ajfa-14348	146	19	is	be	AUX
ajfa-14348	146	20	instantaneous	instantaneous	ADJ
ajfa-14348	146	21	.	.	PUNCT
ajfa-14348	147	1	at	at	ADP
ajfa-14348	147	2	the	the	DET
ajfa-14348	147	3	same	same	ADJ
ajfa-14348	147	4	time	time	NOUN
ajfa-14348	147	5	,	,	PUNCT
ajfa-14348	147	6	it	it	PRON
ajfa-14348	147	7	also	also	ADV
ajfa-14348	147	8	shows	show	VERB
ajfa-14348	147	9	that	that	SCONJ
ajfa-14348	147	10	brent	brent	PROPN
ajfa-14348	147	11	crude	crude	PROPN
ajfa-14348	147	12	oil	oil	NOUN
ajfa-14348	147	13	futures	future	NOUN
ajfa-14348	147	14	price	price	NOUN
ajfa-14348	147	15	has	have	VERB
ajfa-14348	147	16	stronger	strong	ADJ
ajfa-14348	147	17	self	self	NOUN
ajfa-14348	147	18	-	-	PUNCT
ajfa-14348	147	19	development	development	NOUN
ajfa-14348	147	20	and	and	CCONJ
ajfa-14348	147	21	strengthening	strengthen	VERB
ajfa-14348	147	22	ability	ability	NOUN
ajfa-14348	147	23	.	.	PUNCT
ajfa-14348	148	1	the	the	DET
ajfa-14348	148	2	results	result	NOUN
ajfa-14348	148	3	of	of	ADP
ajfa-14348	148	4	variance	variance	NOUN
ajfa-14348	148	5	decomposition	decomposition	NOUN
ajfa-14348	148	6	are	be	AUX
ajfa-14348	148	7	consistent	consistent	ADJ
ajfa-14348	148	8	with	with	ADP
ajfa-14348	148	9	those	those	PRON
ajfa-14348	148	10	of	of	ADP
ajfa-14348	148	11	impulse	impulse	ADJ
ajfa-14348	148	12	response	response	NOUN
ajfa-14348	148	13	.	.	PUNCT
ajfa-14348	149	1	in	in	ADP
ajfa-14348	149	2	this	this	DET
ajfa-14348	149	3	study	study	NOUN
ajfa-14348	149	4	,	,	PUNCT
ajfa-14348	149	5	breusch	breusch	PROPN
ajfa-14348	149	6	-	-	PUNCT
ajfa-14348	149	7	godfrey	godfrey	NOUN
ajfa-14348	149	8	serial	serial	ADJ
ajfa-14348	149	9	correlation	correlation	NOUN
ajfa-14348	149	10	lm	lm	INTJ
ajfa-14348	149	11	test	test	NOUN
ajfa-14348	149	12	is	be	AUX
ajfa-14348	149	13	used	use	VERB
ajfa-14348	149	14	to	to	PART
ajfa-14348	149	15	test	test	VERB
ajfa-14348	149	16	serial	serial	ADJ
ajfa-14348	149	17	correlation	correlation	NOUN
ajfa-14348	149	18	.	.	PUNCT
ajfa-14348	150	1	the	the	DET
ajfa-14348	150	2	results	result	NOUN
ajfa-14348	150	3	show	show	VERB
ajfa-14348	150	4	that	that	SCONJ
ajfa-14348	150	5	serial	serial	ADJ
ajfa-14348	150	6	correlation	correlation	NOUN
ajfa-14348	150	7	exists	exist	VERB
ajfa-14348	150	8	in	in	ADP
ajfa-14348	150	9	the	the	DET
ajfa-14348	150	10	variable	variable	ADJ
ajfa-14348	150	11	groups	group	NOUN
ajfa-14348	150	12	dsha	dsha	PROPN
ajfa-14348	150	13	&	&	CCONJ
ajfa-14348	150	14	dbrent	dbrent	PROPN
ajfa-14348	150	15	,	,	PUNCT
ajfa-14348	150	16	dzzcp	dzzcp	NOUN
ajfa-14348	150	17	&	&	CCONJ
ajfa-14348	150	18	dbrent	dbrent	NOUN
ajfa-14348	150	19	,	,	PUNCT
ajfa-14348	150	20	dzzfz	dzzfz	PROPN
ajfa-14348	150	21	&	&	CCONJ
ajfa-14348	150	22	dbrent	dbrent	PROPN
ajfa-14348	150	23	,	,	PUNCT
ajfa-14348	150	24	dzjz	dzjz	PROPN
ajfa-14348	150	25	&	&	CCONJ
ajfa-14348	150	26	dbrent	dbrent	PROPN
ajfa-14348	150	27	,	,	PUNCT
ajfa-14348	150	28	and	and	CCONJ
ajfa-14348	150	29	dzzjt	dzzjt	NOUN
ajfa-14348	150	30	&	&	CCONJ
ajfa-14348	150	31	dbrent	dbrent	PROPN
ajfa-14348	150	32	.	.	PUNCT
ajfa-14348	151	1	in	in	ADP
ajfa-14348	151	2	order	order	NOUN
ajfa-14348	151	3	to	to	PART
ajfa-14348	151	4	eliminate	eliminate	VERB
ajfa-14348	151	5	serial	serial	ADJ
ajfa-14348	151	6	correlation	correlation	NOUN
ajfa-14348	151	7	,	,	PUNCT
ajfa-14348	151	8	the	the	DET
ajfa-14348	151	9	arma	arma	PROPN
ajfa-14348	151	10	model	model	NOUN
ajfa-14348	151	11	is	be	AUX
ajfa-14348	151	12	introduced	introduce	VERB
ajfa-14348	151	13	.	.	PUNCT
ajfa-14348	152	1	the	the	DET
ajfa-14348	152	2	results	result	NOUN
ajfa-14348	152	3	are	be	AUX
ajfa-14348	152	4	shown	show	VERB
ajfa-14348	152	5	in	in	ADP
ajfa-14348	152	6	table	table	NOUN
ajfa-14348	152	7	3	3	NUM
ajfa-14348	152	8	.	.	PUNCT
ajfa-14348	152	9	asian	asian	ADJ
ajfa-14348	152	10	journal	journal	PROPN
ajfa-14348	152	11	of	of	ADP
ajfa-14348	152	12	finance	finance	PROPN
ajfa-14348	152	13	&	&	CCONJ
ajfa-14348	152	14	accounting	accounting	PROPN
ajfa-14348	152	15	issn	issn	PROPN
ajfa-14348	152	16	1946	1946	NUM
ajfa-14348	152	17	-	-	PUNCT
ajfa-14348	152	18	052x	052x	PROPN
ajfa-14348	152	19	2019	2019	NUM
ajfa-14348	152	20	,	,	PUNCT
ajfa-14348	152	21	vol	vol	NOUN
ajfa-14348	152	22	.	.	PROPN
ajfa-14348	153	1	11	11	NUM
ajfa-14348	153	2	,	,	PUNCT
ajfa-14348	153	3	no	no	INTJ
ajfa-14348	153	4	.	.	NOUN
ajfa-14348	153	5	1	1	NUM
ajfa-14348	153	6	ajfa.macrothink.org	ajfa.macrothink.org	VERB
ajfa-14348	153	7	73	73	NUM
ajfa-14348	153	8	at	at	ADP
ajfa-14348	153	9	this	this	DET
ajfa-14348	153	10	time	time	NOUN
ajfa-14348	153	11	,	,	PUNCT
ajfa-14348	153	12	serial	serial	ADJ
ajfa-14348	153	13	correlation	correlation	NOUN
ajfa-14348	153	14	of	of	ADP
ajfa-14348	153	15	each	each	DET
ajfa-14348	153	16	equation	equation	NOUN
ajfa-14348	153	17	has	have	AUX
ajfa-14348	153	18	been	be	AUX
ajfa-14348	153	19	eliminated	eliminate	VERB
ajfa-14348	153	20	.	.	PUNCT
ajfa-14348	154	1	table	table	NOUN
ajfa-14348	154	2	3	3	NUM
ajfa-14348	154	3	.	.	X
ajfa-14348	154	4	serial	serial	ADJ
ajfa-14348	154	5	correlation	correlation	NOUN
ajfa-14348	154	6	test	test	NOUN
ajfa-14348	154	7	results	result	VERB
ajfa-14348	154	8	variable	variable	ADJ
ajfa-14348	154	9	group	group	NOUN
ajfa-14348	154	10	serial	serial	ADJ
ajfa-14348	154	11	correlation	correlation	NOUN
ajfa-14348	154	12	elimination	elimination	NOUN
ajfa-14348	154	13	method	method	NOUN
ajfa-14348	154	14	t	t	NOUN
ajfa-14348	154	15	-	-	PUNCT
ajfa-14348	154	16	value	value	NOUN
ajfa-14348	154	17	p	p	NOUN
ajfa-14348	154	18	-	-	PUNCT
ajfa-14348	154	19	value	value	NOUN
ajfa-14348	154	20	dsha	dsha	PROPN
ajfa-14348	154	21	&	&	CCONJ
ajfa-14348	154	22	dbrent	dbrent	PROPN
ajfa-14348	154	23	ar(1	ar(1	PROPN
ajfa-14348	154	24	)	)	PUNCT
ajfa-14348	154	25	,	,	PUNCT
ajfa-14348	154	26	ar(2	ar(2	PROPN
ajfa-14348	154	27	)	)	PUNCT
ajfa-14348	154	28	,	,	PUNCT
ajfa-14348	154	29	ma(1	ma(1	NOUN
ajfa-14348	154	30	)	)	PUNCT
ajfa-14348	154	31	1.474066	1.474066	NUM
ajfa-14348	154	32	0.2292	0.2292	NUM
ajfa-14348	154	33	dzzcp	dzzcp	NOUN
ajfa-14348	154	34	&	&	CCONJ
ajfa-14348	154	35	dbrent	dbrent	PROPN
ajfa-14348	154	36	ar(1	ar(1	PROPN
ajfa-14348	154	37	)	)	PUNCT
ajfa-14348	154	38	,	,	PUNCT
ajfa-14348	154	39	ar(2	ar(2	PROPN
ajfa-14348	154	40	)	)	PUNCT
ajfa-14348	154	41	,	,	PUNCT
ajfa-14348	154	42	ma(1	ma(1	NOUN
ajfa-14348	154	43	)	)	PUNCT
ajfa-14348	154	44	,	,	PUNCT
ajfa-14348	154	45	ma(2	ma(2	PROPN
ajfa-14348	154	46	)	)	PUNCT
ajfa-14348	154	47	1.195445	1.195445	NUM
ajfa-14348	154	48	0.3028	0.3028	NUM
ajfa-14348	154	49	dzzfz	dzzfz	NOUN
ajfa-14348	154	50	&	&	CCONJ
ajfa-14348	154	51	dbrent	dbrent	PROPN
ajfa-14348	154	52	ar(2	ar(2	PROPN
ajfa-14348	154	53	)	)	PUNCT
ajfa-14348	154	54	,	,	PUNCT
ajfa-14348	154	55	ar(3	ar(3	NOUN
ajfa-14348	154	56	)	)	PUNCT
ajfa-14348	154	57	3.636489	3.636489	NUM
ajfa-14348	154	58	0.2650	0.2650	NUM
ajfa-14348	154	59	dzzjz	dzzjz	PROPN
ajfa-14348	154	60	&	&	CCONJ
ajfa-14348	154	61	dbrent	dbrent	PROPN
ajfa-14348	154	62	ar(1	ar(1	PROPN
ajfa-14348	154	63	)	)	PUNCT
ajfa-14348	154	64	4.018771	4.018771	NUM
ajfa-14348	154	65	0.1811	0.1811	NUM
ajfa-14348	154	66	dzzjt	dzzjt	PROPN
ajfa-14348	154	67	&	&	CCONJ
ajfa-14348	154	68	dbrent	dbrent	PROPN
ajfa-14348	154	69	ar(1	ar(1	PROPN
ajfa-14348	154	70	)	)	PUNCT
ajfa-14348	154	71	,	,	PUNCT
ajfa-14348	154	72	ar(3	ar(3	NOUN
ajfa-14348	154	73	)	)	PUNCT
ajfa-14348	154	74	,	,	PUNCT
ajfa-14348	154	75	ma(1	ma(1	NOUN
ajfa-14348	154	76	)	)	PUNCT
ajfa-14348	154	77	,	,	PUNCT
ajfa-14348	154	78	ma(3	ma(3	PROPN
ajfa-14348	154	79	)	)	PUNCT
ajfa-14348	154	80	3.215683	3.215683	NUM
ajfa-14348	154	81	0.4032	0.4032	NUM
ajfa-14348	154	82	in	in	ADP
ajfa-14348	154	83	view	view	NOUN
ajfa-14348	154	84	of	of	ADP
ajfa-14348	154	85	the	the	DET
ajfa-14348	154	86	fact	fact	NOUN
ajfa-14348	154	87	that	that	SCONJ
ajfa-14348	154	88	the	the	DET
ajfa-14348	154	89	regression	regression	NOUN
ajfa-14348	154	90	equation	equation	NOUN
ajfa-14348	154	91	constructed	construct	VERB
ajfa-14348	154	92	in	in	ADP
ajfa-14348	154	93	this	this	DET
ajfa-14348	154	94	study	study	NOUN
ajfa-14348	154	95	contains	contain	VERB
ajfa-14348	154	96	only	only	ADV
ajfa-14348	154	97	one	one	NUM
ajfa-14348	154	98	explanatory	explanatory	ADJ
ajfa-14348	154	99	variable	variable	NOUN
ajfa-14348	154	100	,	,	PUNCT
ajfa-14348	154	101	this	this	DET
ajfa-14348	154	102	study	study	NOUN
ajfa-14348	154	103	tests	test	VERB
ajfa-14348	154	104	the	the	DET
ajfa-14348	154	105	arch	arch	ADJ
ajfa-14348	154	106	effect	effect	NOUN
ajfa-14348	154	107	of	of	ADP
ajfa-14348	154	108	the	the	DET
ajfa-14348	154	109	regression	regression	NOUN
ajfa-14348	154	110	equation	equation	NOUN
ajfa-14348	154	111	.	.	PUNCT
ajfa-14348	155	1	the	the	DET
ajfa-14348	155	2	results	result	NOUN
ajfa-14348	155	3	show	show	VERB
ajfa-14348	155	4	that	that	SCONJ
ajfa-14348	155	5	the	the	DET
ajfa-14348	155	6	arch	arch	ADJ
ajfa-14348	155	7	effect	effect	NOUN
ajfa-14348	155	8	exists	exist	VERB
ajfa-14348	155	9	in	in	ADP
ajfa-14348	155	10	all	all	DET
ajfa-14348	155	11	variables	variable	NOUN
ajfa-14348	155	12	except	except	SCONJ
ajfa-14348	155	13	the	the	DET
ajfa-14348	155	14	futures	future	NOUN
ajfa-14348	155	15	prices	price	NOUN
ajfa-14348	155	16	of	of	ADP
ajfa-14348	155	17	china	china	PROPN
ajfa-14348	155	18	textile	textile	PROPN
ajfa-14348	155	19	and	and	CCONJ
ajfa-14348	155	20	brent	brent	PROPN
ajfa-14348	155	21	crude	crude	PROPN
ajfa-14348	155	22	oil	oil	NOUN
ajfa-14348	155	23	.	.	PUNCT
ajfa-14348	156	1	for	for	ADP
ajfa-14348	156	2	the	the	DET
ajfa-14348	156	3	group	group	NOUN
ajfa-14348	156	4	of	of	ADP
ajfa-14348	156	5	variables	variable	NOUN
ajfa-14348	156	6	without	without	ADP
ajfa-14348	156	7	arch	arch	ADJ
ajfa-14348	156	8	effect	effect	NOUN
ajfa-14348	156	9	,	,	PUNCT
ajfa-14348	156	10	i.e.	i.e.	X
ajfa-14348	156	11	,	,	PUNCT
ajfa-14348	156	12	the	the	DET
ajfa-14348	156	13	futures	future	NOUN
ajfa-14348	156	14	prices	price	NOUN
ajfa-14348	156	15	of	of	ADP
ajfa-14348	156	16	china	china	PROPN
ajfa-14348	156	17	textile	textile	PROPN
ajfa-14348	156	18	and	and	CCONJ
ajfa-14348	156	19	brent	brent	PROPN
ajfa-14348	156	20	crude	crude	PROPN
ajfa-14348	156	21	oil	oil	PROPN
ajfa-14348	156	22	,	,	PUNCT
ajfa-14348	156	23	ols	ol	NOUN
ajfa-14348	156	24	regression	regression	NOUN
ajfa-14348	156	25	is	be	AUX
ajfa-14348	156	26	performed	perform	VERB
ajfa-14348	156	27	directly	directly	ADV
ajfa-14348	156	28	.	.	PUNCT
ajfa-14348	157	1	wald	wald	PROPN
ajfa-14348	157	2	test	test	NOUN
ajfa-14348	157	3	shows	show	VERB
ajfa-14348	157	4	that	that	SCONJ
ajfa-14348	157	5	there	there	PRON
ajfa-14348	157	6	is	be	VERB
ajfa-14348	157	7	no	no	DET
ajfa-14348	157	8	significant	significant	ADJ
ajfa-14348	157	9	relationship	relationship	NOUN
ajfa-14348	157	10	between	between	ADP
ajfa-14348	157	11	them	they	PRON
ajfa-14348	157	12	.	.	PUNCT
ajfa-14348	158	1	for	for	ADP
ajfa-14348	158	2	the	the	DET
ajfa-14348	158	3	variables	variable	NOUN
ajfa-14348	158	4	with	with	ADP
ajfa-14348	158	5	arch	arch	ADJ
ajfa-14348	158	6	effect	effect	NOUN
ajfa-14348	158	7	,	,	PUNCT
ajfa-14348	158	8	garch	garch	NOUN
ajfa-14348	158	9	model	model	NOUN
ajfa-14348	158	10	is	be	AUX
ajfa-14348	158	11	used	use	VERB
ajfa-14348	158	12	to	to	PART
ajfa-14348	158	13	further	far	ADV
ajfa-14348	158	14	analyze	analyze	VERB
ajfa-14348	158	15	:	:	PUNCT
ajfa-14348	158	16	if	if	SCONJ
ajfa-14348	158	17	they	they	PRON
ajfa-14348	158	18	do	do	AUX
ajfa-14348	158	19	not	not	PART
ajfa-14348	158	20	show	show	VERB
ajfa-14348	158	21	serial	serial	ADJ
ajfa-14348	158	22	correlation	correlation	NOUN
ajfa-14348	158	23	in	in	ADP
ajfa-14348	158	24	lm	lm	PROPN
ajfa-14348	158	25	test	test	NOUN
ajfa-14348	158	26	,	,	PUNCT
ajfa-14348	158	27	the	the	DET
ajfa-14348	158	28	first	first	ADJ
ajfa-14348	158	29	-	-	PUNCT
ajfa-14348	158	30	order	order	NOUN
ajfa-14348	158	31	autoregression	autoregression	NOUN
ajfa-14348	158	32	of	of	ADP
ajfa-14348	158	33	the	the	DET
ajfa-14348	158	34	explained	explain	VERB
ajfa-14348	158	35	variables	variable	NOUN
ajfa-14348	158	36	is	be	AUX
ajfa-14348	158	37	added	add	VERB
ajfa-14348	158	38	to	to	ADP
ajfa-14348	158	39	the	the	DET
ajfa-14348	158	40	equation	equation	NOUN
ajfa-14348	158	41	.	.	PUNCT
ajfa-14348	159	1	the	the	DET
ajfa-14348	159	2	re	re	NOUN
ajfa-14348	159	3	-	-	NOUN
ajfa-14348	159	4	test	test	ADJ
ajfa-14348	159	5	results	result	NOUN
ajfa-14348	159	6	of	of	ADP
ajfa-14348	159	7	arch	arch	ADJ
ajfa-14348	159	8	effect	effect	NOUN
ajfa-14348	159	9	show	show	VERB
ajfa-14348	159	10	that	that	SCONJ
ajfa-14348	159	11	after	after	ADP
ajfa-14348	159	12	the	the	DET
ajfa-14348	159	13	establishment	establishment	NOUN
ajfa-14348	159	14	of	of	ADP
ajfa-14348	159	15	garch	garch	NOUN
ajfa-14348	159	16	model	model	NOUN
ajfa-14348	159	17	,	,	PUNCT
ajfa-14348	159	18	the	the	DET
ajfa-14348	159	19	arch	arch	ADJ
ajfa-14348	159	20	effect	effect	NOUN
ajfa-14348	159	21	of	of	ADP
ajfa-14348	159	22	each	each	DET
ajfa-14348	159	23	variable	variable	ADJ
ajfa-14348	159	24	group	group	NOUN
ajfa-14348	159	25	has	have	AUX
ajfa-14348	159	26	been	be	AUX
ajfa-14348	159	27	eliminated	eliminate	VERB
ajfa-14348	159	28	.	.	PUNCT
ajfa-14348	160	1	in	in	ADP
ajfa-14348	160	2	order	order	NOUN
ajfa-14348	160	3	to	to	PART
ajfa-14348	160	4	further	far	ADV
ajfa-14348	160	5	study	study	VERB
ajfa-14348	160	6	the	the	DET
ajfa-14348	160	7	volatility	volatility	NOUN
ajfa-14348	160	8	spillover	spillover	VERB
ajfa-14348	160	9	effect	effect	NOUN
ajfa-14348	160	10	between	between	ADP
ajfa-14348	160	11	brent	brent	PROPN
ajfa-14348	160	12	crude	crude	PROPN
ajfa-14348	160	13	oil	oil	NOUN
ajfa-14348	160	14	futures	future	NOUN
ajfa-14348	160	15	price	price	NOUN
ajfa-14348	160	16	and	and	CCONJ
ajfa-14348	160	17	stock	stock	NOUN
ajfa-14348	160	18	index	index	NOUN
ajfa-14348	160	19	of	of	ADP
ajfa-14348	160	20	china	china	PROPN
ajfa-14348	160	21	and	and	CCONJ
ajfa-14348	160	22	russia	russia	PROPN
ajfa-14348	160	23	,	,	PUNCT
ajfa-14348	160	24	this	this	DET
ajfa-14348	160	25	study	study	NOUN
ajfa-14348	160	26	chooses	choose	VERB
ajfa-14348	160	27	bekk	bekk	ADJ
ajfa-14348	160	28	-	-	PUNCT
ajfa-14348	160	29	garch	garch	NOUN
ajfa-14348	160	30	model	model	NOUN
ajfa-14348	160	31	,	,	PUNCT
ajfa-14348	160	32	which	which	PRON
ajfa-14348	160	33	is	be	AUX
ajfa-14348	160	34	expressed	express	VERB
ajfa-14348	160	35	as	as	SCONJ
ajfa-14348	160	36	follows	follow	VERB
ajfa-14348	160	37	:	:	PUNCT
ajfa-14348	160	38	,	,	PUNCT
ajfa-14348	160	39	(	(	PUNCT
ajfa-14348	160	40	1	1	X
ajfa-14348	160	41	)	)	PUNCT
ajfa-14348	160	42	in	in	ADP
ajfa-14348	160	43	which	which	PRON
ajfa-14348	160	44	is	be	AUX
ajfa-14348	160	45	the	the	DET
ajfa-14348	160	46	stock	stock	NOUN
ajfa-14348	160	47	price	price	NOUN
ajfa-14348	160	48	index	index	NOUN
ajfa-14348	160	49	,	,	PUNCT
ajfa-14348	160	50	is	be	AUX
ajfa-14348	160	51	the	the	DET
ajfa-14348	160	52	crude	crude	ADJ
ajfa-14348	160	53	oil	oil	NOUN
ajfa-14348	160	54	futures	future	NOUN
ajfa-14348	160	55	price	price	NOUN
ajfa-14348	160	56	,	,	PUNCT
ajfa-14348	160	57	is	be	AUX
ajfa-14348	160	58	the	the	DET
ajfa-14348	160	59	conditional	conditional	ADJ
ajfa-14348	160	60	covariance	covariance	NOUN
ajfa-14348	160	61	matrix	matrix	NOUN
ajfa-14348	160	62	,	,	PUNCT
ajfa-14348	160	63	a	a	PRON
ajfa-14348	160	64	and	and	CCONJ
ajfa-14348	160	65	b	b	NOUN
ajfa-14348	160	66	are	be	AUX
ajfa-14348	160	67	the	the	DET
ajfa-14348	160	68	parameter	parameter	NOUN
ajfa-14348	160	69	matrices	matrix	NOUN
ajfa-14348	160	70	of	of	ADP
ajfa-14348	160	71	order	order	NOUN
ajfa-14348	160	72	2	2	NUM
ajfa-14348	160	73	*	*	SYM
ajfa-14348	160	74	2	2	NUM
ajfa-14348	160	75	,	,	PUNCT
ajfa-14348	160	76	a	a	PRON
ajfa-14348	160	77	reflects	reflect	VERB
ajfa-14348	160	78	the	the	DET
ajfa-14348	160	79	arch	arch	ADJ
ajfa-14348	160	80	effect	effect	NOUN
ajfa-14348	160	81	of	of	ADP
ajfa-14348	160	82	volatility	volatility	NOUN
ajfa-14348	160	83	,	,	PUNCT
ajfa-14348	160	84	b	b	NOUN
ajfa-14348	160	85	reflects	reflect	VERB
ajfa-14348	160	86	the	the	DET
ajfa-14348	160	87	garch	garch	NOUN
ajfa-14348	160	88	effect	effect	NOUN
ajfa-14348	160	89	of	of	ADP
ajfa-14348	160	90	volatility	volatility	NOUN
ajfa-14348	160	91	,	,	PUNCT
ajfa-14348	160	92	and	and	CCONJ
ajfa-14348	160	93	c	c	NOUN
ajfa-14348	160	94	is	be	AUX
ajfa-14348	160	95	the	the	DET
ajfa-14348	160	96	upper	upper	ADJ
ajfa-14348	160	97	triangular	triangular	NOUN
ajfa-14348	160	98	matrix	matrix	NOUN
ajfa-14348	160	99	of	of	ADP
ajfa-14348	160	100	order	order	NOUN
ajfa-14348	160	101	2	2	NUM
ajfa-14348	160	102	*	*	SYM
ajfa-14348	160	103	2	2	NUM
ajfa-14348	160	104	.	.	PUNCT
ajfa-14348	161	1	the	the	DET
ajfa-14348	161	2	conditional	conditional	ADJ
ajfa-14348	161	3	covariance	covariance	NOUN
ajfa-14348	161	4	matrix	matrix	NOUN
ajfa-14348	161	5	can	can	AUX
ajfa-14348	161	6	be	be	AUX
ajfa-14348	161	7	expanded	expand	VERB
ajfa-14348	161	8	as	as	SCONJ
ajfa-14348	161	9	follows	follow	VERB
ajfa-14348	161	10	:	:	PUNCT
ajfa-14348	161	11	asian	asian	ADJ
ajfa-14348	161	12	journal	journal	NOUN
ajfa-14348	161	13	of	of	ADP
ajfa-14348	161	14	finance	finance	PROPN
ajfa-14348	161	15	&	&	CCONJ
ajfa-14348	161	16	accounting	accounting	PROPN
ajfa-14348	161	17	issn	issn	PROPN
ajfa-14348	161	18	1946	1946	NUM
ajfa-14348	161	19	-	-	PUNCT
ajfa-14348	161	20	052x	052x	PROPN
ajfa-14348	161	21	2019	2019	NUM
ajfa-14348	161	22	,	,	PUNCT
ajfa-14348	161	23	vol	vol	NOUN
ajfa-14348	161	24	.	.	PROPN
ajfa-14348	162	1	11	11	NUM
ajfa-14348	162	2	,	,	PUNCT
ajfa-14348	162	3	no	no	INTJ
ajfa-14348	162	4	.	.	NOUN
ajfa-14348	162	5	1	1	NUM
ajfa-14348	162	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	162	7	74	74	NUM
ajfa-14348	162	8	(	(	PUNCT
ajfa-14348	162	9	2	2	NUM
ajfa-14348	162	10	)	)	PUNCT
ajfa-14348	162	11	in	in	ADP
ajfa-14348	162	12	which	which	PRON
ajfa-14348	162	13	denotes	denote	VERB
ajfa-14348	162	14	the	the	DET
ajfa-14348	162	15	conditional	conditional	ADJ
ajfa-14348	162	16	variance	variance	NOUN
ajfa-14348	162	17	of	of	ADP
ajfa-14348	162	18	stock	stock	NOUN
ajfa-14348	162	19	price	price	NOUN
ajfa-14348	162	20	index	index	NOUN
ajfa-14348	162	21	at	at	ADP
ajfa-14348	162	22	time	time	NOUN
ajfa-14348	162	23	t	t	PROPN
ajfa-14348	162	24	,	,	PUNCT
ajfa-14348	162	25	denotes	denote	VERB
ajfa-14348	162	26	the	the	DET
ajfa-14348	162	27	conditional	conditional	ADJ
ajfa-14348	162	28	variance	variance	NOUN
ajfa-14348	162	29	of	of	ADP
ajfa-14348	162	30	crude	crude	ADJ
ajfa-14348	162	31	oil	oil	NOUN
ajfa-14348	162	32	futures	future	NOUN
ajfa-14348	162	33	price	price	NOUN
ajfa-14348	162	34	at	at	ADP
ajfa-14348	162	35	time	time	NOUN
ajfa-14348	162	36	t	t	PROPN
ajfa-14348	162	37	,	,	PUNCT
ajfa-14348	162	38	and	and	CCONJ
ajfa-14348	162	39	denotes	denote	VERB
ajfa-14348	162	40	the	the	DET
ajfa-14348	162	41	conditional	conditional	ADJ
ajfa-14348	162	42	covariance	covariance	NOUN
ajfa-14348	162	43	of	of	ADP
ajfa-14348	162	44	stock	stock	NOUN
ajfa-14348	162	45	price	price	NOUN
ajfa-14348	162	46	index	index	NOUN
ajfa-14348	162	47	and	and	CCONJ
ajfa-14348	162	48	crude	crude	ADJ
ajfa-14348	162	49	oil	oil	NOUN
ajfa-14348	162	50	futures	future	NOUN
ajfa-14348	162	51	price	price	NOUN
ajfa-14348	162	52	.	.	PUNCT
ajfa-14348	163	1	the	the	DET
ajfa-14348	163	2	bekk	bekk	ADJ
ajfa-14348	163	3	-	-	PUNCT
ajfa-14348	163	4	garch	garch	NOUN
ajfa-14348	163	5	model	model	NOUN
ajfa-14348	163	6	is	be	AUX
ajfa-14348	163	7	used	use	VERB
ajfa-14348	163	8	for	for	ADP
ajfa-14348	163	9	the	the	DET
ajfa-14348	163	10	above	above	ADJ
ajfa-14348	163	11	variable	variable	ADJ
ajfa-14348	163	12	groups	group	NOUN
ajfa-14348	163	13	.	.	PUNCT
ajfa-14348	164	1	some	some	DET
ajfa-14348	164	2	parameters	parameter	NOUN
ajfa-14348	164	3	of	of	ADP
ajfa-14348	164	4	the	the	DET
ajfa-14348	164	5	model	model	NOUN
ajfa-14348	164	6	are	be	AUX
ajfa-14348	164	7	selected	select	VERB
ajfa-14348	164	8	as	as	ADP
ajfa-14348	164	9	table	table	NOUN
ajfa-14348	164	10	4	4	NUM
ajfa-14348	164	11	.	.	PUNCT
ajfa-14348	164	12	table	table	NOUN
ajfa-14348	164	13	4	4	NUM
ajfa-14348	164	14	.	.	PUNCT
ajfa-14348	164	15	test	test	NOUN
ajfa-14348	164	16	results	result	NOUN
ajfa-14348	164	17	of	of	ADP
ajfa-14348	164	18	bekk	bekk	ADJ
ajfa-14348	164	19	-	-	PUNCT
ajfa-14348	164	20	garch	garch	NOUN
ajfa-14348	164	21	model	model	NOUN
ajfa-14348	164	22	explained	explain	VERB
ajfa-14348	164	23	variable	variable	ADJ
ajfa-14348	164	24	insignificant	insignificant	ADJ
ajfa-14348	164	25	coefficients	coefficient	NOUN
ajfa-14348	164	26	in	in	ADP
ajfa-14348	164	27	the	the	DET
ajfa-14348	164	28	model	model	NOUN
ajfa-14348	164	29	a(1,2	a(1,2	PROPN
ajfa-14348	164	30	)	)	PUNCT
ajfa-14348	164	31	and	and	CCONJ
ajfa-14348	164	32	b(1,2	b(1,2	NOUN
ajfa-14348	164	33	)	)	PUNCT
ajfa-14348	164	34	comparison	comparison	NOUN
ajfa-14348	164	35	of	of	ADP
ajfa-14348	164	36	b(1,1	b(1,1	NOUN
ajfa-14348	164	37	)	)	PUNCT
ajfa-14348	164	38	with	with	ADP
ajfa-14348	164	39	b(2,2	b(2,2	PROPN
ajfa-14348	164	40	)	)	PUNCT
ajfa-14348	164	41	dsha	dsha	PROPN
ajfa-14348	164	42	m(1,2	m(1,2	PROPN
ajfa-14348	164	43	)	)	PUNCT
ajfa-14348	164	44	both	both	CCONJ
ajfa-14348	164	45	significant	significant	ADJ
ajfa-14348	164	46	>	>	X
ajfa-14348	164	47	drts	drts	PROPN
ajfa-14348	164	48	m(1,2	m(1,2	PROPN
ajfa-14348	164	49	)	)	PUNCT
ajfa-14348	164	50	both	both	CCONJ
ajfa-14348	164	51	significant	significant	ADJ
ajfa-14348	164	52	<	<	X
ajfa-14348	164	53	dzzcp	dzzcp	NOUN
ajfa-14348	164	54	m(1,2	m(1,2	NOUN
ajfa-14348	164	55	)	)	PUNCT
ajfa-14348	164	56	both	both	CCONJ
ajfa-14348	164	57	significant	significant	ADJ
ajfa-14348	164	58	>	>	X
ajfa-14348	164	59	dzzgy	dzzgy	ADJ
ajfa-14348	164	60	null	null	NOUN
ajfa-14348	164	61	both	both	CCONJ
ajfa-14348	164	62	significant	significant	ADJ
ajfa-14348	164	63	<	<	X
ajfa-14348	164	64	dzzjt	dzzjt	PROPN
ajfa-14348	164	65	m(1,2	m(1,2	PROPN
ajfa-14348	164	66	)	)	PUNCT
ajfa-14348	164	67	both	both	CCONJ
ajfa-14348	164	68	significant	significant	ADJ
ajfa-14348	164	69	<	<	X
ajfa-14348	164	70	asian	asian	ADJ
ajfa-14348	164	71	journal	journal	NOUN
ajfa-14348	164	72	of	of	ADP
ajfa-14348	164	73	finance	finance	PROPN
ajfa-14348	164	74	&	&	CCONJ
ajfa-14348	164	75	accounting	accounting	PROPN
ajfa-14348	164	76	issn	issn	PROPN
ajfa-14348	164	77	1946	1946	NUM
ajfa-14348	164	78	-	-	PUNCT
ajfa-14348	164	79	052x	052x	PROPN
ajfa-14348	164	80	2019	2019	NUM
ajfa-14348	164	81	,	,	PUNCT
ajfa-14348	164	82	vol	vol	NOUN
ajfa-14348	164	83	.	.	PROPN
ajfa-14348	165	1	11	11	NUM
ajfa-14348	165	2	,	,	PUNCT
ajfa-14348	165	3	no	no	INTJ
ajfa-14348	165	4	.	.	NOUN
ajfa-14348	165	5	1	1	NUM
ajfa-14348	165	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	165	7	75	75	NUM
ajfa-14348	165	8	dzzjz	dzzjz	PROPN
ajfa-14348	165	9	m(1,2	m(1,2	PROPN
ajfa-14348	165	10	)	)	PUNCT
ajfa-14348	166	1	both	both	CCONJ
ajfa-14348	166	2	significant	significant	ADJ
ajfa-14348	166	3	<	<	X
ajfa-14348	166	4	dzzny	dzzny	PROPN
ajfa-14348	166	5	m(1,2	m(1,2	PROPN
ajfa-14348	166	6	)	)	PUNCT
ajfa-14348	166	7	both	both	CCONJ
ajfa-14348	166	8	significant	significant	ADJ
ajfa-14348	166	9	<	<	X
ajfa-14348	166	10	dzzrl	dzzrl	ADJ
ajfa-14348	166	11	m(1,2	m(1,2	NOUN
ajfa-14348	166	12	)	)	PUNCT
ajfa-14348	166	13	both	both	CCONJ
ajfa-14348	166	14	significant	significant	ADJ
ajfa-14348	166	15	<	<	X
ajfa-14348	166	16	drcp	drcp	NOUN
ajfa-14348	166	17	m(1,2	m(1,2	NOUN
ajfa-14348	166	18	)	)	PUNCT
ajfa-14348	166	19	both	both	CCONJ
ajfa-14348	166	20	significant	significant	ADJ
ajfa-14348	166	21	<	<	X
ajfa-14348	166	22	drfz	drfz	NOUN
ajfa-14348	166	23	m(1,2	m(1,2	PROPN
ajfa-14348	166	24	)	)	PUNCT
ajfa-14348	166	25	both	both	CCONJ
ajfa-14348	166	26	significant	significant	ADJ
ajfa-14348	166	27	>	>	X
ajfa-14348	166	28	drjz	drjz	PROPN
ajfa-14348	166	29	m(1,2	m(1,2	PROPN
ajfa-14348	166	30	)	)	PUNCT
ajfa-14348	166	31	both	both	CCONJ
ajfa-14348	166	32	significant	significant	ADJ
ajfa-14348	166	33	>	>	X
ajfa-14348	166	34	drny	drny	PROPN
ajfa-14348	166	35	m(1,2	m(1,2	PROPN
ajfa-14348	166	36	)	)	PUNCT
ajfa-14348	166	37	both	both	CCONJ
ajfa-14348	166	38	significant	significant	ADJ
ajfa-14348	166	39	<	<	X
ajfa-14348	166	40	drrl	drrl	PROPN
ajfa-14348	166	41	m(1,2	m(1,2	PROPN
ajfa-14348	166	42	)	)	PUNCT
ajfa-14348	166	43	both	both	CCONJ
ajfa-14348	166	44	significant	significant	ADJ
ajfa-14348	166	45	<	<	X
ajfa-14348	166	46	drys	dry	NOUN
ajfa-14348	166	47	m(1,2	m(1,2	NOUN
ajfa-14348	166	48	)	)	PUNCT
ajfa-14348	166	49	both	both	CCONJ
ajfa-14348	166	50	significant	significant	ADJ
ajfa-14348	166	51	<	<	X
ajfa-14348	166	52	table	table	NOUN
ajfa-14348	166	53	4	4	NUM
ajfa-14348	166	54	shows	show	VERB
ajfa-14348	166	55	that	that	SCONJ
ajfa-14348	166	56	in	in	ADP
ajfa-14348	166	57	the	the	DET
ajfa-14348	166	58	beek	beek	NOUN
ajfa-14348	166	59	-	-	PUNCT
ajfa-14348	166	60	garch	garch	NOUN
ajfa-14348	166	61	model	model	NOUN
ajfa-14348	166	62	,	,	PUNCT
ajfa-14348	166	63	except	except	SCONJ
ajfa-14348	166	64	for	for	ADP
ajfa-14348	166	65	the	the	DET
ajfa-14348	166	66	m(1,2	m(1,2	NOUN
ajfa-14348	166	67	)	)	PUNCT
ajfa-14348	166	68	coefficients	coefficient	NOUN
ajfa-14348	166	69	of	of	ADP
ajfa-14348	166	70	the	the	DET
ajfa-14348	166	71	futures	future	NOUN
ajfa-14348	166	72	prices	price	NOUN
ajfa-14348	166	73	of	of	ADP
ajfa-14348	166	74	china	china	PROPN
ajfa-14348	166	75	industry	industry	PROPN
ajfa-14348	166	76	and	and	CCONJ
ajfa-14348	166	77	brent	brent	PROPN
ajfa-14348	166	78	crude	crude	PROPN
ajfa-14348	166	79	oil	oil	NOUN
ajfa-14348	166	80	,	,	PUNCT
ajfa-14348	166	81	the	the	DET
ajfa-14348	166	82	other	other	ADJ
ajfa-14348	166	83	coefficients	coefficient	NOUN
ajfa-14348	166	84	are	be	AUX
ajfa-14348	166	85	significant	significant	ADJ
ajfa-14348	166	86	,	,	PUNCT
ajfa-14348	166	87	which	which	PRON
ajfa-14348	166	88	confirms	confirm	VERB
ajfa-14348	166	89	the	the	DET
ajfa-14348	166	90	applicability	applicability	NOUN
ajfa-14348	166	91	of	of	ADP
ajfa-14348	166	92	the	the	DET
ajfa-14348	166	93	model	model	NOUN
ajfa-14348	166	94	.	.	PUNCT
ajfa-14348	167	1	the	the	DET
ajfa-14348	167	2	coefficients	coefficient	NOUN
ajfa-14348	167	3	of	of	ADP
ajfa-14348	167	4	a(1,2	a(1,2	NOUN
ajfa-14348	167	5	)	)	PUNCT
ajfa-14348	167	6	and	and	CCONJ
ajfa-14348	167	7	b(1,2	b(1,2	NOUN
ajfa-14348	167	8	)	)	PUNCT
ajfa-14348	167	9	are	be	AUX
ajfa-14348	167	10	significant	significant	ADJ
ajfa-14348	167	11	,	,	PUNCT
ajfa-14348	167	12	which	which	PRON
ajfa-14348	167	13	indicates	indicate	VERB
ajfa-14348	167	14	that	that	SCONJ
ajfa-14348	167	15	the	the	DET
ajfa-14348	167	16	price	price	NOUN
ajfa-14348	167	17	of	of	ADP
ajfa-14348	167	18	brent	brent	PROPN
ajfa-14348	167	19	crude	crude	PROPN
ajfa-14348	167	20	oil	oil	NOUN
ajfa-14348	167	21	futures	future	NOUN
ajfa-14348	167	22	has	have	VERB
ajfa-14348	167	23	volatility	volatility	NOUN
ajfa-14348	167	24	spillover	spillover	VERB
ajfa-14348	167	25	effect	effect	NOUN
ajfa-14348	167	26	with	with	ADP
ajfa-14348	167	27	china	china	PROPN
ajfa-14348	167	28	,	,	PUNCT
ajfa-14348	167	29	russian	russian	ADJ
ajfa-14348	167	30	composite	composite	ADJ
ajfa-14348	167	31	stock	stock	NOUN
ajfa-14348	167	32	index	index	NOUN
ajfa-14348	167	33	,	,	PUNCT
ajfa-14348	167	34	and	and	CCONJ
ajfa-14348	167	35	industry	industry	NOUN
ajfa-14348	167	36	stock	stock	NOUN
ajfa-14348	167	37	index	index	NOUN
ajfa-14348	167	38	.	.	PUNCT
ajfa-14348	168	1	comparing	compare	VERB
ajfa-14348	168	2	b(1,1	b(1,1	NOUN
ajfa-14348	168	3	)	)	PUNCT
ajfa-14348	168	4	with	with	ADP
ajfa-14348	168	5	b(2,2	b(2,2	PROPN
ajfa-14348	168	6	)	)	PUNCT
ajfa-14348	168	7	,	,	PUNCT
ajfa-14348	168	8	it	it	PRON
ajfa-14348	168	9	can	can	AUX
ajfa-14348	168	10	be	be	AUX
ajfa-14348	168	11	found	find	VERB
ajfa-14348	168	12	that	that	SCONJ
ajfa-14348	168	13	in	in	ADP
ajfa-14348	168	14	the	the	DET
ajfa-14348	168	15	combination	combination	NOUN
ajfa-14348	168	16	of	of	ADP
ajfa-14348	168	17	shanghai	shanghai	PROPN
ajfa-14348	168	18	stock	stock	PROPN
ajfa-14348	168	19	index	index	PROPN
ajfa-14348	168	20	,	,	PUNCT
ajfa-14348	168	21	china	china	PROPN
ajfa-14348	168	22	auto	auto	PROPN
ajfa-14348	168	23	parts	part	NOUN
ajfa-14348	168	24	,	,	PUNCT
ajfa-14348	168	25	russia	russia	PROPN
ajfa-14348	168	26	textile	textile	NOUN
ajfa-14348	168	27	,	,	PUNCT
ajfa-14348	168	28	russia	russia	PROPN
ajfa-14348	168	29	construction	construction	NOUN
ajfa-14348	168	30	,	,	PUNCT
ajfa-14348	168	31	and	and	CCONJ
ajfa-14348	168	32	brent	brent	PROPN
ajfa-14348	168	33	crude	crude	PROPN
ajfa-14348	168	34	oil	oil	NOUN
ajfa-14348	168	35	futures	future	NOUN
ajfa-14348	168	36	prices	price	NOUN
ajfa-14348	168	37	,	,	PUNCT
ajfa-14348	168	38	b(1)>b(2,2	b(1)>b(2,2	PROPN
ajfa-14348	168	39	)	)	PUNCT
ajfa-14348	168	40	,	,	PUNCT
ajfa-14348	168	41	which	which	PRON
ajfa-14348	168	42	indicates	indicate	VERB
ajfa-14348	168	43	that	that	SCONJ
ajfa-14348	168	44	the	the	DET
ajfa-14348	168	45	stock	stock	NOUN
ajfa-14348	168	46	index	index	NOUN
ajfa-14348	168	47	reacts	react	VERB
ajfa-14348	168	48	to	to	PART
ajfa-14348	168	49	shocks	shock	NOUN
ajfa-14348	168	50	faster	fast	ADV
ajfa-14348	168	51	and	and	CCONJ
ajfa-14348	168	52	has	have	VERB
ajfa-14348	168	53	shorter	short	ADJ
ajfa-14348	168	54	cycle	cycle	NOUN
ajfa-14348	168	55	than	than	ADP
ajfa-14348	168	56	brent	brent	PROPN
ajfa-14348	168	57	crude	crude	PROPN
ajfa-14348	168	58	oil	oil	NOUN
ajfa-14348	168	59	futures	future	NOUN
ajfa-14348	168	60	prices	price	NOUN
ajfa-14348	168	61	.	.	PUNCT
ajfa-14348	169	1	in	in	ADP
ajfa-14348	169	2	other	other	ADJ
ajfa-14348	169	3	portfolios	portfolio	NOUN
ajfa-14348	169	4	,	,	PUNCT
ajfa-14348	169	5	b(1,1)<b(2,2	b(1,1)<b(2,2	PROPN
ajfa-14348	169	6	)	)	PUNCT
ajfa-14348	169	7	,	,	PUNCT
ajfa-14348	169	8	indicating	indicate	VERB
ajfa-14348	169	9	that	that	SCONJ
ajfa-14348	169	10	the	the	DET
ajfa-14348	169	11	volatility	volatility	NOUN
ajfa-14348	169	12	of	of	ADP
ajfa-14348	169	13	stock	stock	NOUN
ajfa-14348	169	14	index	index	NOUN
ajfa-14348	169	15	is	be	AUX
ajfa-14348	169	16	greater	great	ADJ
ajfa-14348	169	17	than	than	ADP
ajfa-14348	169	18	that	that	PRON
ajfa-14348	169	19	of	of	ADP
ajfa-14348	169	20	brent	brent	PROPN
ajfa-14348	169	21	crude	crude	PROPN
ajfa-14348	169	22	oil	oil	NOUN
ajfa-14348	169	23	futures	future	NOUN
ajfa-14348	169	24	price	price	NOUN
ajfa-14348	169	25	,	,	PUNCT
ajfa-14348	169	26	and	and	CCONJ
ajfa-14348	169	27	the	the	DET
ajfa-14348	169	28	response	response	NOUN
ajfa-14348	169	29	period	period	NOUN
ajfa-14348	169	30	to	to	ADP
ajfa-14348	169	31	information	information	NOUN
ajfa-14348	169	32	shocks	shock	NOUN
ajfa-14348	169	33	is	be	AUX
ajfa-14348	169	34	longer	long	ADJ
ajfa-14348	169	35	.	.	PUNCT
ajfa-14348	170	1	wavelet	wavelet	NOUN
ajfa-14348	170	2	transformation	transformation	NOUN
ajfa-14348	170	3	and	and	CCONJ
ajfa-14348	170	4	multiresolution	multiresolution	NOUN
ajfa-14348	170	5	processing	processing	NOUN
ajfa-14348	170	6	can	can	AUX
ajfa-14348	170	7	transform	transform	VERB
ajfa-14348	170	8	the	the	DET
ajfa-14348	170	9	time	time	NOUN
ajfa-14348	170	10	and	and	CCONJ
ajfa-14348	170	11	frequency	frequency	NOUN
ajfa-14348	170	12	of	of	ADP
ajfa-14348	170	13	time	time	NOUN
ajfa-14348	170	14	series	series	NOUN
ajfa-14348	170	15	,	,	PUNCT
ajfa-14348	170	16	and	and	CCONJ
ajfa-14348	170	17	study	study	VERB
ajfa-14348	170	18	the	the	DET
ajfa-14348	170	19	morphology	morphology	NOUN
ajfa-14348	170	20	of	of	ADP
ajfa-14348	170	21	a	a	DET
ajfa-14348	170	22	subspace	subspace	NOUN
ajfa-14348	170	23	sequence	sequence	NOUN
ajfa-14348	170	24	satisfying	satisfy	VERB
ajfa-14348	170	25	multiresolution	multiresolution	NOUN
ajfa-14348	170	26	conditions	condition	NOUN
ajfa-14348	170	27	in	in	ADP
ajfa-14348	170	28	different	different	ADJ
ajfa-14348	170	29	subspaces	subspace	NOUN
ajfa-14348	170	30	.	.	PUNCT
ajfa-14348	171	1	in	in	ADP
ajfa-14348	171	2	this	this	DET
ajfa-14348	171	3	study	study	NOUN
ajfa-14348	171	4	,	,	PUNCT
ajfa-14348	171	5	discrete	discrete	ADJ
ajfa-14348	171	6	wavelet	wavelet	NOUN
ajfa-14348	171	7	transform	transform	NOUN
ajfa-14348	171	8	(	(	PUNCT
ajfa-14348	171	9	dwt	dwt	NOUN
ajfa-14348	171	10	)	)	PUNCT
ajfa-14348	171	11	is	be	AUX
ajfa-14348	171	12	used	use	VERB
ajfa-14348	171	13	to	to	PART
ajfa-14348	171	14	stratify	stratify	VERB
ajfa-14348	171	15	and	and	CCONJ
ajfa-14348	171	16	process	process	VERB
ajfa-14348	171	17	the	the	DET
ajfa-14348	171	18	original	original	ADJ
ajfa-14348	171	19	data	datum	NOUN
ajfa-14348	171	20	,	,	PUNCT
ajfa-14348	171	21	and	and	CCONJ
ajfa-14348	171	22	dyadic	dyadic	ADJ
ajfa-14348	171	23	orthogonal	orthogonal	ADJ
ajfa-14348	171	24	wavelet	wavelet	NOUN
ajfa-14348	171	25	multiresolution	multiresolution	NOUN
ajfa-14348	171	26	analysis	analysis	NOUN
ajfa-14348	171	27	asian	asian	ADJ
ajfa-14348	171	28	journal	journal	NOUN
ajfa-14348	171	29	of	of	ADP
ajfa-14348	171	30	finance	finance	PROPN
ajfa-14348	171	31	&	&	CCONJ
ajfa-14348	171	32	accounting	accounting	PROPN
ajfa-14348	171	33	issn	issn	PROPN
ajfa-14348	171	34	1946	1946	NUM
ajfa-14348	171	35	-	-	PUNCT
ajfa-14348	171	36	052x	052x	PROPN
ajfa-14348	171	37	2019	2019	NUM
ajfa-14348	171	38	,	,	PUNCT
ajfa-14348	171	39	vol	vol	NOUN
ajfa-14348	171	40	.	.	PROPN
ajfa-14348	172	1	11	11	NUM
ajfa-14348	172	2	,	,	PUNCT
ajfa-14348	172	3	no	no	INTJ
ajfa-14348	172	4	.	.	NOUN
ajfa-14348	172	5	1	1	NUM
ajfa-14348	172	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	172	7	76	76	NUM
ajfa-14348	172	8	method	method	NOUN
ajfa-14348	172	9	is	be	AUX
ajfa-14348	172	10	used	use	VERB
ajfa-14348	172	11	to	to	PART
ajfa-14348	172	12	decompose	decompose	VERB
ajfa-14348	172	13	the	the	DET
ajfa-14348	172	14	original	original	ADJ
ajfa-14348	172	15	data	datum	NOUN
ajfa-14348	172	16	into	into	ADP
ajfa-14348	172	17	short	short	ADJ
ajfa-14348	172	18	,	,	PUNCT
ajfa-14348	172	19	medium	medium	ADJ
ajfa-14348	172	20	and	and	CCONJ
ajfa-14348	172	21	long	long	ADJ
ajfa-14348	172	22	-	-	PUNCT
ajfa-14348	172	23	term	term	NOUN
ajfa-14348	172	24	data	datum	NOUN
ajfa-14348	172	25	.	.	PUNCT
ajfa-14348	173	1	among	among	ADP
ajfa-14348	173	2	them	they	PRON
ajfa-14348	173	3	,	,	PUNCT
ajfa-14348	173	4	the	the	DET
ajfa-14348	173	5	time	time	NOUN
ajfa-14348	173	6	scale	scale	NOUN
ajfa-14348	173	7	of	of	ADP
ajfa-14348	173	8	short	short	ADJ
ajfa-14348	173	9	-	-	PUNCT
ajfa-14348	173	10	term	term	NOUN
ajfa-14348	173	11	data	datum	NOUN
ajfa-14348	173	12	(	(	PUNCT
ajfa-14348	173	13	high	high	ADJ
ajfa-14348	173	14	frequency	frequency	NOUN
ajfa-14348	173	15	signal	signal	NOUN
ajfa-14348	173	16	)	)	PUNCT
ajfa-14348	173	17	is	be	AUX
ajfa-14348	173	18	days	day	NOUN
ajfa-14348	173	19	and	and	CCONJ
ajfa-14348	173	20	days	day	NOUN
ajfa-14348	173	21	(	(	PUNCT
ajfa-14348	173	22	close	close	ADJ
ajfa-14348	173	23	to	to	PART
ajfa-14348	173	24	work	work	NOUN
ajfa-14348	173	25	week	week	NOUN
ajfa-14348	173	26	)	)	PUNCT
ajfa-14348	173	27	,	,	PUNCT
ajfa-14348	173	28	the	the	DET
ajfa-14348	173	29	medium	medium	ADJ
ajfa-14348	173	30	-	-	PUNCT
ajfa-14348	173	31	term	term	NOUN
ajfa-14348	173	32	time	time	NOUN
ajfa-14348	173	33	scale	scale	NOUN
ajfa-14348	173	34	is	be	AUX
ajfa-14348	173	35	days	day	NOUN
ajfa-14348	173	36	and	and	CCONJ
ajfa-14348	173	37	days	day	NOUN
ajfa-14348	173	38	(	(	PUNCT
ajfa-14348	173	39	week	week	NOUN
ajfa-14348	173	40	to	to	ADP
ajfa-14348	173	41	month	month	NOUN
ajfa-14348	173	42	)	)	PUNCT
ajfa-14348	173	43	,	,	PUNCT
ajfa-14348	173	44	and	and	CCONJ
ajfa-14348	173	45	the	the	DET
ajfa-14348	173	46	long	long	ADJ
ajfa-14348	173	47	-	-	PUNCT
ajfa-14348	173	48	term	term	NOUN
ajfa-14348	173	49	time	time	NOUN
ajfa-14348	173	50	scale	scale	NOUN
ajfa-14348	173	51	is	be	AUX
ajfa-14348	173	52	days	day	NOUN
ajfa-14348	173	53	(	(	PUNCT
ajfa-14348	173	54	month	month	NOUN
ajfa-14348	173	55	)	)	PUNCT
ajfa-14348	173	56	.	.	PUNCT
ajfa-14348	174	1	the	the	DET
ajfa-14348	174	2	granger	granger	PROPN
ajfa-14348	174	3	causality	causality	NOUN
ajfa-14348	174	4	tests	test	NOUN
ajfa-14348	174	5	of	of	ADP
ajfa-14348	174	6	brent	brent	PROPN
ajfa-14348	174	7	crude	crude	PROPN
ajfa-14348	174	8	oil	oil	NOUN
ajfa-14348	174	9	futures	future	NOUN
ajfa-14348	174	10	price	price	NOUN
ajfa-14348	174	11	in	in	ADP
ajfa-14348	174	12	short	short	ADJ
ajfa-14348	174	13	,	,	PUNCT
ajfa-14348	174	14	medium	medium	ADJ
ajfa-14348	174	15	and	and	CCONJ
ajfa-14348	174	16	long	long	ADJ
ajfa-14348	174	17	periods	period	NOUN
ajfa-14348	174	18	,	,	PUNCT
ajfa-14348	174	19	original	original	ADJ
ajfa-14348	174	20	data	datum	NOUN
ajfa-14348	174	21	,	,	PUNCT
ajfa-14348	174	22	composite	composite	ADJ
ajfa-14348	174	23	index	index	NOUN
ajfa-14348	174	24	of	of	ADP
ajfa-14348	174	25	china	china	PROPN
ajfa-14348	174	26	and	and	CCONJ
ajfa-14348	174	27	russia	russia	PROPN
ajfa-14348	174	28	stock	stock	NOUN
ajfa-14348	174	29	markets	market	NOUN
ajfa-14348	174	30	and	and	CCONJ
ajfa-14348	174	31	industry	industry	NOUN
ajfa-14348	174	32	index	index	NOUN
ajfa-14348	174	33	show	show	VERB
ajfa-14348	174	34	that	that	SCONJ
ajfa-14348	174	35	only	only	ADV
ajfa-14348	174	36	rts	rt	VERB
ajfa-14348	174	37	index	index	NOUN
ajfa-14348	174	38	and	and	CCONJ
ajfa-14348	174	39	brent	brent	PROPN
ajfa-14348	174	40	crude	crude	PROPN
ajfa-14348	174	41	oil	oil	NOUN
ajfa-14348	174	42	futures	future	NOUN
ajfa-14348	174	43	price	price	NOUN
ajfa-14348	174	44	,	,	PUNCT
ajfa-14348	174	45	rts	rt	NOUN
ajfa-14348	174	46	index	index	NOUN
ajfa-14348	174	47	and	and	CCONJ
ajfa-14348	174	48	brent	brent	PROPN
ajfa-14348	174	49	crude	crude	PROPN
ajfa-14348	174	50	oil	oil	NOUN
ajfa-14348	174	51	futures	future	NOUN
ajfa-14348	174	52	price	price	NOUN
ajfa-14348	174	53	in	in	ADP
ajfa-14348	174	54	short	short	ADJ
ajfa-14348	174	55	term	term	NOUN
ajfa-14348	174	56	,	,	PUNCT
ajfa-14348	174	57	and	and	CCONJ
ajfa-14348	174	58	sha	sha	PROPN
ajfa-14348	174	59	index	index	PROPN
ajfa-14348	174	60	and	and	CCONJ
ajfa-14348	174	61	brent	brent	PROPN
ajfa-14348	174	62	crude	crude	PROPN
ajfa-14348	174	63	oil	oil	NOUN
ajfa-14348	174	64	futures	future	NOUN
ajfa-14348	174	65	price	price	NOUN
ajfa-14348	174	66	have	have	VERB
ajfa-14348	174	67	two	two	NUM
ajfa-14348	174	68	-	-	PUNCT
ajfa-14348	174	69	way	way	NOUN
ajfa-14348	174	70	granger	granger	NOUN
ajfa-14348	174	71	causality	causality	PROPN
ajfa-14348	174	72	.	.	PUNCT
ajfa-14348	175	1	the	the	DET
ajfa-14348	175	2	regression	regression	NOUN
ajfa-14348	175	3	results	result	NOUN
ajfa-14348	175	4	of	of	ADP
ajfa-14348	175	5	beek	beek	NOUN
ajfa-14348	175	6	-	-	PUNCT
ajfa-14348	175	7	garch	garch	NOUN
ajfa-14348	175	8	model	model	NOUN
ajfa-14348	175	9	are	be	AUX
ajfa-14348	175	10	shown	show	VERB
ajfa-14348	175	11	in	in	ADP
ajfa-14348	175	12	figure	figure	NOUN
ajfa-14348	175	13	2	2	NUM
ajfa-14348	175	14	,	,	PUNCT
ajfa-14348	175	15	figure	figure	NOUN
ajfa-14348	175	16	3	3	NUM
ajfa-14348	175	17	,	,	PUNCT
ajfa-14348	175	18	and	and	CCONJ
ajfa-14348	175	19	figure	figure	VERB
ajfa-14348	175	20	4	4	NUM
ajfa-14348	175	21	.	.	PUNCT
ajfa-14348	176	1	-.001	-.001	NOUN
ajfa-14348	176	2	.000	.000	NUM
ajfa-14348	176	3	.001	.001	NUM
ajfa-14348	176	4	.002	.002	NUM
ajfa-14348	176	5	.003	.003	NUM
ajfa-14348	176	6	.004	.004	NUM
ajfa-14348	176	7	.005	.005	NUM
ajfa-14348	176	8	.006	.006	NUM
ajfa-14348	176	9	.007	.007	NUM
ajfa-14348	176	10	100	100	NUM
ajfa-14348	176	11	200	200	NUM
ajfa-14348	176	12	300	300	NUM
ajfa-14348	176	13	400	400	NUM
ajfa-14348	176	14	500	500	NUM
ajfa-14348	176	15	600	600	NUM
ajfa-14348	176	16	var_y1	var_y1	NOUN
ajfa-14348	176	17	var_y2	var_y2	PROPN
ajfa-14348	176	18	cov_y1y2	cov_y1y2	PROPN
ajfa-14348	176	19	-.0005	-.0005	PUNCT
ajfa-14348	176	20	.0000	.0000	PROPN
ajfa-14348	177	1	.0005	.0005	PROPN
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ajfa-14348	178	5	100	100	NUM
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ajfa-14348	178	7	300	300	NUM
ajfa-14348	178	8	400	400	NUM
ajfa-14348	178	9	500	500	NUM
ajfa-14348	178	10	600	600	NUM
ajfa-14348	178	11	var_y1	var_y1	NOUN
ajfa-14348	178	12	var_y2	var_y2	PROPN
ajfa-14348	178	13	cov_y1y2	cov_y1y2	PROPN
ajfa-14348	178	14	figure	figure	NOUN
ajfa-14348	178	15	2	2	NUM
ajfa-14348	178	16	.	.	NOUN
ajfa-14348	178	17	rts	rt	NOUN
ajfa-14348	178	18	and	and	CCONJ
ajfa-14348	178	19	brent	brent	PROPN
ajfa-14348	178	20	figure	figure	NOUN
ajfa-14348	178	21	3	3	NUM
ajfa-14348	178	22	rts	rt	NOUN
ajfa-14348	178	23	and	and	CCONJ
ajfa-14348	178	24	brent	brent	PROPN
ajfa-14348	178	25	short	short	PROPN
ajfa-14348	179	1	-.0005	-.0005	PUNCT
ajfa-14348	179	2	.0000	.0000	PROPN
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ajfa-14348	180	1	.0010	.0010	PROPN
ajfa-14348	181	1	.0015	.0015	PROPN
ajfa-14348	181	2	.0020	.0020	PROPN
ajfa-14348	181	3	.0025	.0025	PROPN
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ajfa-14348	181	5	100	100	NUM
ajfa-14348	181	6	200	200	NUM
ajfa-14348	181	7	300	300	NUM
ajfa-14348	181	8	400	400	NUM
ajfa-14348	181	9	500	500	NUM
ajfa-14348	181	10	600	600	NUM
ajfa-14348	181	11	var_y1	var_y1	NOUN
ajfa-14348	181	12	var_y2	var_y2	PROPN
ajfa-14348	181	13	cov_y1y2	cov_y1y2	PROPN
ajfa-14348	181	14	figure	figure	NOUN
ajfa-14348	181	15	4	4	NUM
ajfa-14348	181	16	.	.	PUNCT
ajfa-14348	182	1	sha	sha	PROPN
ajfa-14348	182	2	and	and	CCONJ
ajfa-14348	182	3	brent	brent	PROPN
ajfa-14348	182	4	wald	wald	PROPN
ajfa-14348	182	5	test	test	NOUN
ajfa-14348	182	6	is	be	AUX
ajfa-14348	182	7	conducted	conduct	VERB
ajfa-14348	182	8	on	on	ADP
ajfa-14348	182	9	rts	rt	NOUN
ajfa-14348	182	10	index	index	NOUN
ajfa-14348	182	11	and	and	CCONJ
ajfa-14348	182	12	brent	brent	PROPN
ajfa-14348	182	13	crude	crude	PROPN
ajfa-14348	182	14	oil	oil	NOUN
ajfa-14348	182	15	futures	future	NOUN
ajfa-14348	182	16	price	price	NOUN
ajfa-14348	182	17	,	,	PUNCT
ajfa-14348	182	18	and	and	CCONJ
ajfa-14348	182	19	sha	sha	PROPN
ajfa-14348	182	20	index	index	PROPN
ajfa-14348	182	21	and	and	CCONJ
ajfa-14348	182	22	brent	brent	PROPN
ajfa-14348	182	23	crude	crude	PROPN
ajfa-14348	182	24	oil	oil	NOUN
ajfa-14348	182	25	futures	future	NOUN
ajfa-14348	182	26	price	price	NOUN
ajfa-14348	182	27	,	,	PUNCT
ajfa-14348	182	28	to	to	PART
ajfa-14348	182	29	determine	determine	VERB
ajfa-14348	182	30	the	the	DET
ajfa-14348	182	31	direction	direction	NOUN
ajfa-14348	182	32	of	of	ADP
ajfa-14348	182	33	volatility	volatility	NOUN
ajfa-14348	182	34	spillover	spillover	VERB
ajfa-14348	182	35	effect	effect	NOUN
ajfa-14348	182	36	.	.	PUNCT
ajfa-14348	183	1	the	the	DET
ajfa-14348	183	2	results	result	NOUN
ajfa-14348	183	3	are	be	AUX
ajfa-14348	183	4	shown	show	VERB
ajfa-14348	183	5	in	in	ADP
ajfa-14348	183	6	table	table	NOUN
ajfa-14348	183	7	5	5	NUM
ajfa-14348	183	8	.	.	PUNCT
ajfa-14348	183	9	asian	asian	ADJ
ajfa-14348	183	10	journal	journal	PROPN
ajfa-14348	183	11	of	of	ADP
ajfa-14348	183	12	finance	finance	PROPN
ajfa-14348	183	13	&	&	CCONJ
ajfa-14348	183	14	accounting	accounting	PROPN
ajfa-14348	183	15	issn	issn	PROPN
ajfa-14348	183	16	1946	1946	NUM
ajfa-14348	183	17	-	-	PUNCT
ajfa-14348	183	18	052x	052x	PROPN
ajfa-14348	183	19	2019	2019	NUM
ajfa-14348	183	20	,	,	PUNCT
ajfa-14348	183	21	vol	vol	NOUN
ajfa-14348	183	22	.	.	PROPN
ajfa-14348	184	1	11	11	NUM
ajfa-14348	184	2	,	,	PUNCT
ajfa-14348	184	3	no	no	INTJ
ajfa-14348	184	4	.	.	NOUN
ajfa-14348	184	5	1	1	NUM
ajfa-14348	184	6	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	184	7	77	77	NUM
ajfa-14348	184	8	table	table	NOUN
ajfa-14348	184	9	5	5	NUM
ajfa-14348	184	10	.	.	PUNCT
ajfa-14348	185	1	wald	wald	PROPN
ajfa-14348	185	2	test	test	NOUN
ajfa-14348	185	3	results	result	NOUN
ajfa-14348	185	4	there	there	PRON
ajfa-14348	185	5	is	be	VERB
ajfa-14348	185	6	no	no	DET
ajfa-14348	185	7	two	two	NUM
ajfa-14348	185	8	-	-	PUNCT
ajfa-14348	185	9	way	way	NOUN
ajfa-14348	185	10	volatility	volatility	NOUN
ajfa-14348	185	11	spillover	spillover	VERB
ajfa-14348	185	12	effect	effect	NOUN
ajfa-14348	185	13	between	between	ADP
ajfa-14348	185	14	brent	brent	PROPN
ajfa-14348	185	15	crude	crude	PROPN
ajfa-14348	185	16	oil	oil	NOUN
ajfa-14348	185	17	futures	future	NOUN
ajfa-14348	185	18	price	price	NOUN
ajfa-14348	185	19	and	and	CCONJ
ajfa-14348	185	20	rts	rt	NOUN
ajfa-14348	185	21	index	index	NOUN
ajfa-14348	185	22	there	there	PRON
ajfa-14348	185	23	is	be	VERB
ajfa-14348	185	24	no	no	DET
ajfa-14348	185	25	one	one	NUM
ajfa-14348	185	26	-	-	PUNCT
ajfa-14348	185	27	way	way	NOUN
ajfa-14348	185	28	volatility	volatility	NOUN
ajfa-14348	185	29	spillover	spillover	VERB
ajfa-14348	185	30	effect	effect	NOUN
ajfa-14348	185	31	between	between	ADP
ajfa-14348	185	32	rts	rt	NOUN
ajfa-14348	185	33	index	index	NOUN
ajfa-14348	185	34	and	and	CCONJ
ajfa-14348	185	35	brent	brent	PROPN
ajfa-14348	185	36	crude	crude	PROPN
ajfa-14348	185	37	oil	oil	NOUN
ajfa-14348	185	38	futures	future	NOUN
ajfa-14348	185	39	price	price	NOUN
ajfa-14348	185	40	there	there	PRON
ajfa-14348	185	41	is	be	VERB
ajfa-14348	185	42	no	no	DET
ajfa-14348	185	43	one	one	NUM
ajfa-14348	185	44	-	-	PUNCT
ajfa-14348	185	45	way	way	NOUN
ajfa-14348	185	46	volatility	volatility	NOUN
ajfa-14348	185	47	spillover	spillover	VERB
ajfa-14348	185	48	effect	effect	NOUN
ajfa-14348	185	49	between	between	ADP
ajfa-14348	185	50	brent	brent	PROPN
ajfa-14348	185	51	crude	crude	PROPN
ajfa-14348	185	52	oil	oil	NOUN
ajfa-14348	185	53	futures	future	NOUN
ajfa-14348	185	54	price	price	NOUN
ajfa-14348	185	55	and	and	CCONJ
ajfa-14348	185	56	rts	rt	NOUN
ajfa-14348	185	57	index	index	NOUN
ajfa-14348	185	58	f	f	NOUN
ajfa-14348	185	59	-	-	PUNCT
ajfa-14348	185	60	value	value	NOUN
ajfa-14348	185	61	p	p	NOUN
ajfa-14348	185	62	-	-	PUNCT
ajfa-14348	185	63	value	value	NOUN
ajfa-14348	185	64	f	f	NOUN
ajfa-14348	185	65	-	-	PUNCT
ajfa-14348	185	66	value	value	NOUN
ajfa-14348	185	67	p	p	NOUN
ajfa-14348	185	68	-	-	PUNCT
ajfa-14348	185	69	value	value	NOUN
ajfa-14348	185	70	f	f	NOUN
ajfa-14348	185	71	-	-	PUNCT
ajfa-14348	185	72	value	value	NOUN
ajfa-14348	185	73	p	p	NOUN
ajfa-14348	185	74	-	-	PUNCT
ajfa-14348	185	75	value	value	NOUN
ajfa-14348	185	76	s	s	PART
ajfa-14348	185	77	749.0268	749.0268	NUM
ajfa-14348	185	78	0.0000	0.0000	NUM
ajfa-14348	185	79	282146.2	282146.2	NUM
ajfa-14348	185	80	0.000	0.000	NUM
ajfa-14348	185	81	941138.14	941138.14	NUM
ajfa-14348	185	82	0.0000	0.0000	NUM
ajfa-14348	185	83	2526.654	2526.654	NUM
ajfa-14348	185	84	0.0000	0.0000	NUM
ajfa-14348	185	85	1761374	1761374	NUM
ajfa-14348	185	86	0.0000	0.0000	NUM
ajfa-14348	185	87	34865.67	34865.67	NUM
ajfa-14348	186	1	0.0000	0.0000	NUM
ajfa-14348	186	2	7973.026	7973.026	NUM
ajfa-14348	186	3	0.0000	0.0000	NUM
ajfa-14348	186	4	1848848	1848848	NUM
ajfa-14348	186	5	0.0000	0.0000	NUM
ajfa-14348	186	6	296475.1	296475.1	NUM
ajfa-14348	186	7	0.0000	0.0000	NUM
ajfa-14348	186	8	0.2450	0.2450	NUM
ajfa-14348	186	9	0.9128	0.9128	NUM
ajfa-14348	186	10	0.3120	0.3120	NUM
ajfa-14348	186	11	0.7319	0.7319	NUM
ajfa-14348	186	12	7.42e-009	7.42e-009	NUM
ajfa-14348	186	13	0.9999	0.9999	NUM
ajfa-14348	186	14	there	there	PRON
ajfa-14348	186	15	is	be	VERB
ajfa-14348	186	16	no	no	DET
ajfa-14348	186	17	two	two	NUM
ajfa-14348	186	18	-	-	PUNCT
ajfa-14348	186	19	way	way	NOUN
ajfa-14348	186	20	volatility	volatility	NOUN
ajfa-14348	186	21	spillover	spillover	VERB
ajfa-14348	186	22	effect	effect	NOUN
ajfa-14348	186	23	between	between	ADP
ajfa-14348	186	24	brent	brent	PROPN
ajfa-14348	186	25	crude	crude	PROPN
ajfa-14348	186	26	oil	oil	NOUN
ajfa-14348	186	27	futures	future	NOUN
ajfa-14348	186	28	price	price	NOUN
ajfa-14348	186	29	and	and	CCONJ
ajfa-14348	186	30	shanghai	shanghai	PROPN
ajfa-14348	186	31	composite	composite	ADJ
ajfa-14348	186	32	index	index	NOUN
ajfa-14348	186	33	there	there	PRON
ajfa-14348	186	34	is	be	VERB
ajfa-14348	186	35	no	no	DET
ajfa-14348	186	36	one	one	NUM
ajfa-14348	186	37	-	-	PUNCT
ajfa-14348	186	38	way	way	NOUN
ajfa-14348	186	39	volatility	volatility	NOUN
ajfa-14348	186	40	spillover	spillover	VERB
ajfa-14348	186	41	effect	effect	NOUN
ajfa-14348	186	42	between	between	ADP
ajfa-14348	186	43	shanghai	shanghai	PROPN
ajfa-14348	186	44	composite	composite	ADJ
ajfa-14348	186	45	index	index	NOUN
ajfa-14348	186	46	and	and	CCONJ
ajfa-14348	186	47	brent	brent	PROPN
ajfa-14348	186	48	crude	crude	PROPN
ajfa-14348	186	49	oil	oil	NOUN
ajfa-14348	186	50	futures	future	NOUN
ajfa-14348	186	51	price	price	NOUN
ajfa-14348	186	52	there	there	PRON
ajfa-14348	186	53	is	be	VERB
ajfa-14348	186	54	no	no	DET
ajfa-14348	186	55	one	one	NUM
ajfa-14348	186	56	-	-	PUNCT
ajfa-14348	186	57	way	way	NOUN
ajfa-14348	186	58	volatility	volatility	NOUN
ajfa-14348	186	59	spillover	spillover	VERB
ajfa-14348	186	60	effect	effect	NOUN
ajfa-14348	186	61	between	between	ADP
ajfa-14348	186	62	brent	brent	PROPN
ajfa-14348	186	63	crude	crude	PROPN
ajfa-14348	186	64	oil	oil	NOUN
ajfa-14348	186	65	futures	future	NOUN
ajfa-14348	186	66	price	price	NOUN
ajfa-14348	186	67	and	and	CCONJ
ajfa-14348	186	68	shanghai	shanghai	PROPN
ajfa-14348	186	69	composite	composite	ADJ
ajfa-14348	186	70	index	index	NOUN
ajfa-14348	187	1	f	f	NOUN
ajfa-14348	187	2	-	-	PUNCT
ajfa-14348	187	3	value	value	NOUN
ajfa-14348	187	4	p	p	NOUN
ajfa-14348	187	5	-	-	PUNCT
ajfa-14348	187	6	value	value	NOUN
ajfa-14348	187	7	f	f	NOUN
ajfa-14348	187	8	-	-	PUNCT
ajfa-14348	187	9	value	value	NOUN
ajfa-14348	187	10	p	p	NOUN
ajfa-14348	187	11	-	-	PUNCT
ajfa-14348	187	12	value	value	NOUN
ajfa-14348	187	13	f	f	NOUN
ajfa-14348	187	14	-	-	PUNCT
ajfa-14348	187	15	value	value	NOUN
ajfa-14348	187	16	p	p	NOUN
ajfa-14348	187	17	-	-	PUNCT
ajfa-14348	187	18	value	value	NOUN
ajfa-14348	187	19	s	s	PART
ajfa-14348	187	20	6551.491	6551.491	NUM
ajfa-14348	187	21	0.0000	0.0000	NUM
ajfa-14348	187	22	401.2298	401.2298	NUM
ajfa-14348	187	23	0.000	0.000	NUM
ajfa-14348	187	24	973683.0	973683.0	NUM
ajfa-14348	187	25	0.0000	0.0000	NUM
ajfa-14348	187	26	1.026588	1.026588	NUM
ajfa-14348	187	27	0.3268	0.3268	NUM
ajfa-14348	187	28	2.568956	2.568956	NUM
ajfa-14348	187	29	0.4456	0.4456	NUM
ajfa-14348	187	30	1.50792	1.50792	NUM
ajfa-14348	187	31	0.556	0.556	NUM
ajfa-14348	187	32	6	6	NUM
ajfa-14348	187	33	asian	asian	ADJ
ajfa-14348	187	34	journal	journal	NOUN
ajfa-14348	187	35	of	of	ADP
ajfa-14348	187	36	finance	finance	PROPN
ajfa-14348	187	37	&	&	CCONJ
ajfa-14348	187	38	accounting	accounting	PROPN
ajfa-14348	187	39	issn	issn	PROPN
ajfa-14348	187	40	1946	1946	NUM
ajfa-14348	187	41	-	-	PUNCT
ajfa-14348	187	42	052x	052x	PROPN
ajfa-14348	187	43	2019	2019	NUM
ajfa-14348	187	44	,	,	PUNCT
ajfa-14348	187	45	vol	vol	NOUN
ajfa-14348	187	46	.	.	PROPN
ajfa-14348	187	47	11	11	NUM
ajfa-14348	187	48	,	,	PUNCT
ajfa-14348	187	49	no	no	INTJ
ajfa-14348	187	50	.	.	NOUN
ajfa-14348	187	51	1	1	NUM
ajfa-14348	187	52	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	187	53	78	78	NUM
ajfa-14348	187	54	0.8561	0.8561	NUM
ajfa-14348	187	55	0.5029	0.5029	NUM
ajfa-14348	187	56	0.6122	0.6122	NUM
ajfa-14348	187	57	0.6250	0.6250	NUM
ajfa-14348	187	58	0.2567	0.2567	NUM
ajfa-14348	187	59	0.773	0.773	NUM
ajfa-14348	187	60	6	6	NUM
ajfa-14348	187	61	0.2380	0.2380	NUM
ajfa-14348	187	62	0.9356	0.9356	NUM
ajfa-14348	187	63	0.4569	0.4569	NUM
ajfa-14348	187	64	0.7259	0.7259	NUM
ajfa-14348	187	65	8.602e-011	8.602e-011	NUM
ajfa-14348	187	66	0.9999	0.9999	NUM
ajfa-14348	187	67	the	the	DET
ajfa-14348	187	68	results	result	NOUN
ajfa-14348	187	69	show	show	VERB
ajfa-14348	187	70	that	that	SCONJ
ajfa-14348	187	71	there	there	PRON
ajfa-14348	187	72	is	be	VERB
ajfa-14348	187	73	a	a	DET
ajfa-14348	187	74	two	two	NUM
ajfa-14348	187	75	-	-	PUNCT
ajfa-14348	187	76	way	way	NOUN
ajfa-14348	187	77	volatility	volatility	NOUN
ajfa-14348	187	78	spillover	spillover	VERB
ajfa-14348	187	79	effect	effect	NOUN
ajfa-14348	187	80	between	between	ADP
ajfa-14348	187	81	the	the	DET
ajfa-14348	187	82	original	original	ADJ
ajfa-14348	187	83	sequence	sequence	NOUN
ajfa-14348	187	84	of	of	ADP
ajfa-14348	187	85	brent	brent	PROPN
ajfa-14348	187	86	crude	crude	PROPN
ajfa-14348	187	87	oil	oil	NOUN
ajfa-14348	187	88	futures	future	NOUN
ajfa-14348	187	89	price	price	NOUN
ajfa-14348	187	90	and	and	CCONJ
ajfa-14348	187	91	the	the	DET
ajfa-14348	187	92	data	datum	NOUN
ajfa-14348	187	93	at	at	ADP
ajfa-14348	187	94	and	and	CCONJ
ajfa-14348	187	95	levels	level	NOUN
ajfa-14348	187	96	and	and	CCONJ
ajfa-14348	187	97	rts	rt	NOUN
ajfa-14348	187	98	index	index	NOUN
ajfa-14348	187	99	,	,	PUNCT
ajfa-14348	187	100	while	while	SCONJ
ajfa-14348	187	101	there	there	PRON
ajfa-14348	187	102	is	be	VERB
ajfa-14348	187	103	no	no	DET
ajfa-14348	187	104	two	two	NUM
ajfa-14348	187	105	-	-	PUNCT
ajfa-14348	187	106	way	way	NOUN
ajfa-14348	187	107	volatility	volatility	NOUN
ajfa-14348	187	108	spillover	spillover	VERB
ajfa-14348	187	109	effect	effect	NOUN
ajfa-14348	187	110	between	between	ADP
ajfa-14348	187	111	the	the	DET
ajfa-14348	187	112	other	other	ADJ
ajfa-14348	187	113	levels	level	NOUN
ajfa-14348	187	114	of	of	ADP
ajfa-14348	187	115	brent	brent	PROPN
ajfa-14348	187	116	crude	crude	PROPN
ajfa-14348	187	117	oil	oil	NOUN
ajfa-14348	187	118	futures	future	NOUN
ajfa-14348	187	119	price	price	NOUN
ajfa-14348	187	120	and	and	CCONJ
ajfa-14348	187	121	rts	rt	NOUN
ajfa-14348	187	122	index	index	NOUN
ajfa-14348	187	123	;	;	PUNCT
ajfa-14348	187	124	only	only	ADV
ajfa-14348	187	125	the	the	DET
ajfa-14348	187	126	original	original	ADJ
ajfa-14348	187	127	series	series	NOUN
ajfa-14348	187	128	of	of	ADP
ajfa-14348	187	129	brent	brent	PROPN
ajfa-14348	187	130	crude	crude	PROPN
ajfa-14348	187	131	oil	oil	NOUN
ajfa-14348	187	132	futures	future	NOUN
ajfa-14348	187	133	price	price	NOUN
ajfa-14348	187	134	and	and	CCONJ
ajfa-14348	187	135	shanghai	shanghai	PROPN
ajfa-14348	187	136	composite	composite	ADJ
ajfa-14348	187	137	index	index	NOUN
ajfa-14348	187	138	have	have	VERB
ajfa-14348	187	139	two	two	NUM
ajfa-14348	187	140	-	-	PUNCT
ajfa-14348	187	141	way	way	NOUN
ajfa-14348	187	142	volatility	volatility	NOUN
ajfa-14348	187	143	spillover	spillover	VERB
ajfa-14348	187	144	effect	effect	NOUN
ajfa-14348	187	145	.	.	PUNCT
ajfa-14348	188	1	the	the	DET
ajfa-14348	188	2	conditional	conditional	ADJ
ajfa-14348	188	3	covariance	covariance	NOUN
ajfa-14348	188	4	diagram	diagram	NOUN
ajfa-14348	188	5	of	of	ADP
ajfa-14348	188	6	brent	brent	PROPN
ajfa-14348	188	7	crude	crude	PROPN
ajfa-14348	188	8	oil	oil	NOUN
ajfa-14348	188	9	futures	future	NOUN
ajfa-14348	188	10	price	price	NOUN
ajfa-14348	188	11	and	and	CCONJ
ajfa-14348	188	12	rts	rt	NOUN
ajfa-14348	188	13	index	index	NOUN
ajfa-14348	188	14	(	(	PUNCT
ajfa-14348	188	15	figure	figure	NOUN
ajfa-14348	188	16	2	2	NUM
ajfa-14348	188	17	)	)	PUNCT
ajfa-14348	188	18	shows	show	VERB
ajfa-14348	188	19	that	that	SCONJ
ajfa-14348	188	20	the	the	DET
ajfa-14348	188	21	trend	trend	NOUN
ajfa-14348	188	22	of	of	ADP
ajfa-14348	188	23	covariance	covariance	NOUN
ajfa-14348	188	24	curve	curve	NOUN
ajfa-14348	188	25	is	be	AUX
ajfa-14348	188	26	very	very	ADV
ajfa-14348	188	27	similar	similar	ADJ
ajfa-14348	188	28	to	to	ADP
ajfa-14348	188	29	that	that	PRON
ajfa-14348	188	30	of	of	ADP
ajfa-14348	188	31	brent	brent	PROPN
ajfa-14348	188	32	crude	crude	PROPN
ajfa-14348	188	33	oil	oil	NOUN
ajfa-14348	188	34	futures	future	NOUN
ajfa-14348	188	35	price	price	NOUN
ajfa-14348	188	36	and	and	CCONJ
ajfa-14348	188	37	rts	rt	NOUN
ajfa-14348	188	38	index	index	NOUN
ajfa-14348	188	39	,	,	PUNCT
ajfa-14348	188	40	indicating	indicate	VERB
ajfa-14348	188	41	that	that	SCONJ
ajfa-14348	188	42	the	the	DET
ajfa-14348	188	43	volatility	volatility	NOUN
ajfa-14348	188	44	spillover	spillover	VERB
ajfa-14348	188	45	effect	effect	NOUN
ajfa-14348	188	46	between	between	ADP
ajfa-14348	188	47	them	they	PRON
ajfa-14348	188	48	is	be	AUX
ajfa-14348	188	49	very	very	ADV
ajfa-14348	188	50	strong	strong	ADJ
ajfa-14348	188	51	,	,	PUNCT
ajfa-14348	188	52	especially	especially	ADV
ajfa-14348	188	53	in	in	ADP
ajfa-14348	188	54	the	the	DET
ajfa-14348	188	55	short	short	ADJ
ajfa-14348	188	56	term	term	NOUN
ajfa-14348	188	57	when	when	SCONJ
ajfa-14348	188	58	the	the	DET
ajfa-14348	188	59	volatility	volatility	NOUN
ajfa-14348	188	60	spillover	spillover	VERB
ajfa-14348	188	61	effect	effect	NOUN
ajfa-14348	188	62	is	be	AUX
ajfa-14348	188	63	more	more	ADV
ajfa-14348	188	64	obvious	obvious	ADJ
ajfa-14348	188	65	;	;	PUNCT
ajfa-14348	188	66	the	the	DET
ajfa-14348	188	67	volatility	volatility	NOUN
ajfa-14348	188	68	spillover	spillover	VERB
ajfa-14348	188	69	effect	effect	NOUN
ajfa-14348	188	70	of	of	ADP
ajfa-14348	188	71	brent	brent	PROPN
ajfa-14348	188	72	crude	crude	PROPN
ajfa-14348	188	73	oil	oil	NOUN
ajfa-14348	188	74	futures	future	NOUN
ajfa-14348	188	75	price	price	NOUN
ajfa-14348	188	76	and	and	CCONJ
ajfa-14348	188	77	shanghai	shanghai	PROPN
ajfa-14348	188	78	composite	composite	ADJ
ajfa-14348	188	79	index	index	NOUN
ajfa-14348	188	80	is	be	AUX
ajfa-14348	188	81	not	not	PART
ajfa-14348	188	82	very	very	ADV
ajfa-14348	188	83	obvious	obvious	ADJ
ajfa-14348	188	84	.	.	PUNCT
ajfa-14348	189	1	although	although	SCONJ
ajfa-14348	189	2	there	there	PRON
ajfa-14348	189	3	is	be	VERB
ajfa-14348	189	4	a	a	DET
ajfa-14348	189	5	certain	certain	ADJ
ajfa-14348	189	6	relationship	relationship	NOUN
ajfa-14348	189	7	between	between	ADP
ajfa-14348	189	8	them	they	PRON
ajfa-14348	189	9	,	,	PUNCT
ajfa-14348	189	10	the	the	DET
ajfa-14348	189	11	volatility	volatility	NOUN
ajfa-14348	189	12	spillover	spillover	VERB
ajfa-14348	189	13	effect	effect	NOUN
ajfa-14348	189	14	of	of	ADP
ajfa-14348	189	15	brent	brent	PROPN
ajfa-14348	189	16	crude	crude	PROPN
ajfa-14348	189	17	oil	oil	NOUN
ajfa-14348	189	18	futures	future	NOUN
ajfa-14348	189	19	price	price	NOUN
ajfa-14348	189	20	on	on	ADP
ajfa-14348	189	21	shanghai	shanghai	PROPN
ajfa-14348	189	22	composite	composite	ADJ
ajfa-14348	189	23	index	index	NOUN
ajfa-14348	189	24	is	be	AUX
ajfa-14348	189	25	less	less	ADJ
ajfa-14348	189	26	than	than	ADP
ajfa-14348	189	27	that	that	PRON
ajfa-14348	189	28	on	on	ADP
ajfa-14348	189	29	rts	rt	NOUN
ajfa-14348	189	30	index	index	NOUN
ajfa-14348	189	31	.	.	PUNCT
ajfa-14348	190	1	the	the	DET
ajfa-14348	190	2	correlation	correlation	NOUN
ajfa-14348	190	3	coefficient	coefficient	NOUN
ajfa-14348	190	4	between	between	ADP
ajfa-14348	190	5	brent	brent	PROPN
ajfa-14348	190	6	crude	crude	PROPN
ajfa-14348	190	7	oil	oil	NOUN
ajfa-14348	190	8	futures	future	NOUN
ajfa-14348	190	9	price	price	NOUN
ajfa-14348	190	10	and	and	CCONJ
ajfa-14348	190	11	rts	rt	NOUN
ajfa-14348	190	12	index	index	NOUN
ajfa-14348	190	13	and	and	CCONJ
ajfa-14348	190	14	shanghai	shanghai	PROPN
ajfa-14348	190	15	composite	composite	ADJ
ajfa-14348	190	16	index	index	NOUN
ajfa-14348	190	17	is	be	AUX
ajfa-14348	190	18	basically	basically	ADV
ajfa-14348	190	19	positive	positive	ADJ
ajfa-14348	190	20	,	,	PUNCT
ajfa-14348	190	21	suggesting	suggest	VERB
ajfa-14348	190	22	that	that	SCONJ
ajfa-14348	190	23	the	the	DET
ajfa-14348	190	24	fluctuation	fluctuation	NOUN
ajfa-14348	190	25	of	of	ADP
ajfa-14348	190	26	international	international	ADJ
ajfa-14348	190	27	crude	crude	ADJ
ajfa-14348	190	28	oil	oil	NOUN
ajfa-14348	190	29	futures	future	NOUN
ajfa-14348	190	30	price	price	NOUN
ajfa-14348	190	31	may	may	AUX
ajfa-14348	190	32	increase	increase	VERB
ajfa-14348	190	33	the	the	DET
ajfa-14348	190	34	fluctuation	fluctuation	NOUN
ajfa-14348	190	35	of	of	ADP
ajfa-14348	190	36	china	china	PROPN
ajfa-14348	190	37	and	and	CCONJ
ajfa-14348	190	38	russia	russia	PROPN
ajfa-14348	190	39	stock	stock	NOUN
ajfa-14348	190	40	market	market	NOUN
ajfa-14348	190	41	.	.	PUNCT
ajfa-14348	191	1	4.2	4.2	NUM
ajfa-14348	191	2	cointegration	cointegration	NOUN
ajfa-14348	191	3	in	in	ADP
ajfa-14348	191	4	order	order	NOUN
ajfa-14348	191	5	to	to	PART
ajfa-14348	191	6	prevent	prevent	VERB
ajfa-14348	191	7	the	the	DET
ajfa-14348	191	8	loss	loss	NOUN
ajfa-14348	191	9	of	of	ADP
ajfa-14348	191	10	long	long	ADJ
ajfa-14348	191	11	-	-	PUNCT
ajfa-14348	191	12	term	term	NOUN
ajfa-14348	191	13	relationship	relationship	NOUN
ajfa-14348	191	14	between	between	ADP
ajfa-14348	191	15	data	datum	NOUN
ajfa-14348	191	16	caused	cause	VERB
ajfa-14348	191	17	by	by	ADP
ajfa-14348	191	18	first	first	ADJ
ajfa-14348	191	19	-	-	PUNCT
ajfa-14348	191	20	order	order	NOUN
ajfa-14348	191	21	difference	difference	NOUN
ajfa-14348	191	22	,	,	PUNCT
ajfa-14348	191	23	this	this	DET
ajfa-14348	191	24	study	study	NOUN
ajfa-14348	191	25	uses	use	VERB
ajfa-14348	191	26	cointegration	cointegration	NOUN
ajfa-14348	191	27	method	method	NOUN
ajfa-14348	191	28	to	to	PART
ajfa-14348	191	29	explore	explore	VERB
ajfa-14348	191	30	whether	whether	SCONJ
ajfa-14348	191	31	there	there	PRON
ajfa-14348	191	32	is	be	VERB
ajfa-14348	191	33	a	a	DET
ajfa-14348	191	34	long	long	ADJ
ajfa-14348	191	35	-	-	PUNCT
ajfa-14348	191	36	term	term	NOUN
ajfa-14348	191	37	relationship	relationship	NOUN
ajfa-14348	191	38	between	between	ADP
ajfa-14348	191	39	variables	variable	NOUN
ajfa-14348	191	40	.	.	PUNCT
ajfa-14348	192	1	this	this	DET
ajfa-14348	192	2	study	study	NOUN
ajfa-14348	192	3	uses	use	VERB
ajfa-14348	192	4	e	e	NOUN
ajfa-14348	192	5	-	-	NOUN
ajfa-14348	192	6	g	g	ADJ
ajfa-14348	192	7	two	two	NUM
ajfa-14348	192	8	-	-	PUNCT
ajfa-14348	192	9	step	step	NOUN
ajfa-14348	192	10	method	method	NOUN
ajfa-14348	192	11	for	for	ADP
ajfa-14348	192	12	cointegration	cointegration	NOUN
ajfa-14348	192	13	test	test	NOUN
ajfa-14348	192	14	and	and	CCONJ
ajfa-14348	192	15	regression	regression	NOUN
ajfa-14348	192	16	.	.	PUNCT
ajfa-14348	193	1	the	the	DET
ajfa-14348	193	2	results	result	NOUN
ajfa-14348	193	3	show	show	VERB
ajfa-14348	193	4	that	that	SCONJ
ajfa-14348	193	5	the	the	DET
ajfa-14348	193	6	coefficients	coefficient	NOUN
ajfa-14348	193	7	of	of	ADP
ajfa-14348	193	8	shanghai	shanghai	PROPN
ajfa-14348	193	9	stock	stock	PROPN
ajfa-14348	193	10	index	index	PROPN
ajfa-14348	193	11	,	,	PUNCT
ajfa-14348	193	12	china	china	PROPN
ajfa-14348	193	13	textile	textile	NOUN
ajfa-14348	193	14	,	,	PUNCT
ajfa-14348	193	15	and	and	CCONJ
ajfa-14348	193	16	brent	brent	PROPN
ajfa-14348	193	17	crude	crude	PROPN
ajfa-14348	193	18	oil	oil	NOUN
ajfa-14348	193	19	futures	future	NOUN
ajfa-14348	193	20	prices	price	NOUN
ajfa-14348	193	21	are	be	AUX
ajfa-14348	193	22	significant	significant	ADJ
ajfa-14348	193	23	and	and	CCONJ
ajfa-14348	193	24	positive	positive	ADJ
ajfa-14348	193	25	,	,	PUNCT
ajfa-14348	193	26	except	except	SCONJ
ajfa-14348	193	27	that	that	SCONJ
ajfa-14348	193	28	the	the	DET
ajfa-14348	193	29	coefficients	coefficient	NOUN
ajfa-14348	193	30	between	between	ADP
ajfa-14348	193	31	shanghai	shanghai	PROPN
ajfa-14348	193	32	stock	stock	PROPN
ajfa-14348	193	33	index	index	PROPN
ajfa-14348	193	34	and	and	CCONJ
ajfa-14348	193	35	brent	brent	PROPN
ajfa-14348	193	36	crude	crude	PROPN
ajfa-14348	193	37	oil	oil	NOUN
ajfa-14348	193	38	futures	future	NOUN
ajfa-14348	193	39	prices	price	NOUN
ajfa-14348	193	40	are	be	AUX
ajfa-14348	193	41	not	not	PART
ajfa-14348	193	42	significant	significant	ADJ
ajfa-14348	193	43	.	.	PUNCT
ajfa-14348	194	1	it	it	PRON
ajfa-14348	194	2	can	can	AUX
ajfa-14348	194	3	be	be	AUX
ajfa-14348	194	4	seen	see	VERB
ajfa-14348	194	5	that	that	SCONJ
ajfa-14348	194	6	in	in	ADP
ajfa-14348	194	7	the	the	DET
ajfa-14348	194	8	long	long	ADJ
ajfa-14348	194	9	run	run	NOUN
ajfa-14348	194	10	,	,	PUNCT
ajfa-14348	194	11	the	the	DET
ajfa-14348	194	12	stock	stock	NOUN
ajfa-14348	194	13	index	index	NOUN
ajfa-14348	194	14	has	have	VERB
ajfa-14348	194	15	a	a	DET
ajfa-14348	194	16	positive	positive	ADJ
ajfa-14348	194	17	correlation	correlation	NOUN
ajfa-14348	194	18	with	with	ADP
ajfa-14348	194	19	the	the	DET
ajfa-14348	194	20	international	international	ADJ
ajfa-14348	194	21	crude	crude	ADJ
ajfa-14348	194	22	oil	oil	NOUN
ajfa-14348	194	23	futures	future	NOUN
ajfa-14348	194	24	prices	price	NOUN
ajfa-14348	194	25	.	.	PUNCT
ajfa-14348	195	1	the	the	DET
ajfa-14348	195	2	granger	granger	PROPN
ajfa-14348	195	3	causality	causality	PROPN
ajfa-14348	195	4	test	test	NOUN
ajfa-14348	195	5	on	on	ADP
ajfa-14348	195	6	the	the	DET
ajfa-14348	195	7	long	long	ADJ
ajfa-14348	195	8	-	-	PUNCT
ajfa-14348	195	9	term	term	NOUN
ajfa-14348	195	10	cointegration	cointegration	NOUN
ajfa-14348	195	11	variable	variable	NOUN
ajfa-14348	195	12	group	group	NOUN
ajfa-14348	195	13	shows	show	VERB
ajfa-14348	195	14	that	that	SCONJ
ajfa-14348	195	15	there	there	PRON
ajfa-14348	195	16	is	be	VERB
ajfa-14348	195	17	a	a	DET
ajfa-14348	195	18	granger	granger	PROPN
ajfa-14348	195	19	two	two	NUM
ajfa-14348	195	20	-	-	PUNCT
ajfa-14348	195	21	way	way	NOUN
ajfa-14348	195	22	causality	causality	NOUN
ajfa-14348	195	23	between	between	ADP
ajfa-14348	195	24	rts	rt	NOUN
ajfa-14348	195	25	index	index	PROPN
ajfa-14348	195	26	,	,	PUNCT
ajfa-14348	195	27	shanghai	shanghai	PROPN
ajfa-14348	195	28	composite	composite	PROPN
ajfa-14348	195	29	index	index	NOUN
ajfa-14348	195	30	,	,	PUNCT
ajfa-14348	195	31	and	and	CCONJ
ajfa-14348	195	32	brent	brent	PROPN
ajfa-14348	195	33	crude	crude	PROPN
ajfa-14348	195	34	oil	oil	NOUN
ajfa-14348	195	35	futures	future	NOUN
ajfa-14348	195	36	price	price	NOUN
ajfa-14348	195	37	,	,	PUNCT
ajfa-14348	195	38	while	while	SCONJ
ajfa-14348	195	39	brent	brent	PROPN
ajfa-14348	195	40	crude	crude	PROPN
ajfa-14348	195	41	oil	oil	NOUN
ajfa-14348	195	42	futures	future	NOUN
ajfa-14348	195	43	price	price	NOUN
ajfa-14348	195	44	is	be	AUX
ajfa-14348	195	45	the	the	DET
ajfa-14348	195	46	granger	granger	PROPN
ajfa-14348	195	47	cause	cause	NOUN
ajfa-14348	195	48	of	of	ADP
ajfa-14348	195	49	energy	energy	NOUN
ajfa-14348	195	50	and	and	CCONJ
ajfa-14348	195	51	fuel	fuel	NOUN
ajfa-14348	195	52	in	in	ADP
ajfa-14348	195	53	china	china	PROPN
ajfa-14348	195	54	stock	stock	PROPN
ajfa-14348	195	55	exchange	exchange	PROPN
ajfa-14348	195	56	,	,	PUNCT
ajfa-14348	195	57	the	the	DET
ajfa-14348	195	58	textile	textile	NOUN
ajfa-14348	195	59	industry	industry	NOUN
ajfa-14348	195	60	in	in	ADP
ajfa-14348	195	61	china	china	PROPN
ajfa-14348	195	62	stock	stock	PROPN
ajfa-14348	195	63	exchange	exchange	PROPN
ajfa-14348	195	64	,	,	PUNCT
ajfa-14348	195	65	russia	russia	PROPN
ajfa-14348	195	66	industry	industry	NOUN
ajfa-14348	195	67	,	,	PUNCT
ajfa-14348	195	68	russia	russia	PROPN
ajfa-14348	195	69	construction	construction	NOUN
ajfa-14348	195	70	,	,	PUNCT
ajfa-14348	195	71	russia	russia	PROPN
ajfa-14348	195	72	energy	energy	NOUN
ajfa-14348	195	73	and	and	CCONJ
ajfa-14348	195	74	russia	russia	PROPN
ajfa-14348	195	75	transportation	transportation	NOUN
ajfa-14348	195	76	are	be	AUX
ajfa-14348	195	77	the	the	DET
ajfa-14348	195	78	granger	granger	PROPN
ajfa-14348	195	79	cause	cause	NOUN
ajfa-14348	195	80	of	of	ADP
ajfa-14348	195	81	the	the	DET
ajfa-14348	195	82	origin	origin	NOUN
ajfa-14348	195	83	brent	brent	PROPN
ajfa-14348	195	84	crude	crude	PROPN
ajfa-14348	195	85	oil	oil	NOUN
ajfa-14348	195	86	futures	future	NOUN
ajfa-14348	195	87	prices	price	NOUN
ajfa-14348	195	88	.	.	PUNCT
ajfa-14348	196	1	the	the	DET
ajfa-14348	196	2	vecm	vecm	NOUN
ajfa-14348	196	3	models	model	NOUN
ajfa-14348	196	4	of	of	ADP
ajfa-14348	196	5	brent	brent	PROPN
ajfa-14348	196	6	crude	crude	PROPN
ajfa-14348	196	7	oil	oil	NOUN
ajfa-14348	196	8	futures	future	NOUN
ajfa-14348	196	9	price	price	NOUN
ajfa-14348	196	10	and	and	CCONJ
ajfa-14348	196	11	rts	rt	NOUN
ajfa-14348	196	12	index	index	PROPN
ajfa-14348	196	13	,	,	PUNCT
ajfa-14348	196	14	brent	brent	PROPN
ajfa-14348	196	15	crude	crude	PROPN
ajfa-14348	196	16	oil	oil	NOUN
ajfa-14348	196	17	futures	future	NOUN
ajfa-14348	196	18	price	price	NOUN
ajfa-14348	196	19	and	and	CCONJ
ajfa-14348	196	20	shanghai	shanghai	PROPN
ajfa-14348	196	21	composite	composite	PROPN
ajfa-14348	196	22	index	index	NOUN
ajfa-14348	196	23	,	,	PUNCT
ajfa-14348	196	24	are	be	AUX
ajfa-14348	196	25	established	establish	VERB
ajfa-14348	196	26	,	,	PUNCT
ajfa-14348	196	27	respectively	respectively	ADV
ajfa-14348	196	28	.	.	PUNCT
ajfa-14348	197	1	the	the	DET
ajfa-14348	197	2	impulse	impulse	ADJ
ajfa-14348	197	3	response	response	NOUN
ajfa-14348	197	4	(	(	PUNCT
ajfa-14348	197	5	figure	figure	NOUN
ajfa-14348	197	6	5	5	NUM
ajfa-14348	197	7	)	)	PUNCT
ajfa-14348	197	8	and	and	CCONJ
ajfa-14348	197	9	variance	variance	NOUN
ajfa-14348	197	10	decomposition	decomposition	NOUN
ajfa-14348	197	11	results	result	NOUN
ajfa-14348	197	12	show	show	VERB
ajfa-14348	197	13	that	that	SCONJ
ajfa-14348	197	14	the	the	DET
ajfa-14348	197	15	international	international	ADJ
ajfa-14348	197	16	crude	crude	ADJ
ajfa-14348	197	17	oil	oil	NOUN
ajfa-14348	197	18	futures	future	NOUN
ajfa-14348	197	19	asian	asian	ADJ
ajfa-14348	197	20	journal	journal	NOUN
ajfa-14348	197	21	of	of	ADP
ajfa-14348	197	22	finance	finance	PROPN
ajfa-14348	197	23	&	&	CCONJ
ajfa-14348	197	24	accounting	accounting	PROPN
ajfa-14348	197	25	issn	issn	PROPN
ajfa-14348	197	26	1946	1946	NUM
ajfa-14348	197	27	-	-	PUNCT
ajfa-14348	197	28	052x	052x	PROPN
ajfa-14348	197	29	2019	2019	NUM
ajfa-14348	197	30	,	,	PUNCT
ajfa-14348	197	31	vol	vol	NOUN
ajfa-14348	197	32	.	.	PROPN
ajfa-14348	197	33	11	11	NUM
ajfa-14348	197	34	,	,	PUNCT
ajfa-14348	197	35	no	no	INTJ
ajfa-14348	197	36	.	.	NOUN
ajfa-14348	197	37	1	1	NUM
ajfa-14348	197	38	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	197	39	79	79	NUM
ajfa-14348	197	40	price	price	NOUN
ajfa-14348	197	41	has	have	VERB
ajfa-14348	197	42	considerable	considerable	ADJ
ajfa-14348	197	43	explanatory	explanatory	ADJ
ajfa-14348	197	44	power	power	NOUN
ajfa-14348	197	45	to	to	ADP
ajfa-14348	197	46	the	the	DET
ajfa-14348	197	47	volatility	volatility	NOUN
ajfa-14348	197	48	of	of	ADP
ajfa-14348	197	49	rts	rt	NOUN
ajfa-14348	197	50	index	index	NOUN
ajfa-14348	197	51	and	and	CCONJ
ajfa-14348	197	52	most	most	ADJ
ajfa-14348	197	53	industry	industry	NOUN
ajfa-14348	197	54	indices	index	NOUN
ajfa-14348	197	55	,	,	PUNCT
ajfa-14348	197	56	but	but	CCONJ
ajfa-14348	197	57	less	less	ADV
ajfa-14348	197	58	explanatory	explanatory	ADJ
ajfa-14348	197	59	power	power	NOUN
ajfa-14348	197	60	to	to	ADP
ajfa-14348	197	61	the	the	DET
ajfa-14348	197	62	volatility	volatility	NOUN
ajfa-14348	197	63	of	of	ADP
ajfa-14348	197	64	shanghai	shanghai	PROPN
ajfa-14348	197	65	composite	composite	PROPN
ajfa-14348	197	66	index	index	NOUN
ajfa-14348	197	67	.	.	PUNCT
ajfa-14348	198	1	the	the	DET
ajfa-14348	198	2	volatility	volatility	NOUN
ajfa-14348	198	3	of	of	ADP
ajfa-14348	198	4	china	china	PROPN
ajfa-14348	198	5	industry	industry	PROPN
ajfa-14348	198	6	,	,	PUNCT
ajfa-14348	198	7	china	china	PROPN
ajfa-14348	198	8	transportation	transportation	PROPN
ajfa-14348	198	9	,	,	PUNCT
ajfa-14348	198	10	and	and	CCONJ
ajfa-14348	198	11	china	china	PROPN
ajfa-14348	198	12	textile	textile	NOUN
ajfa-14348	198	13	can	can	AUX
ajfa-14348	198	14	be	be	AUX
ajfa-14348	198	15	explained	explain	VERB
ajfa-14348	198	16	by	by	ADP
ajfa-14348	198	17	crude	crude	ADJ
ajfa-14348	198	18	oil	oil	NOUN
ajfa-14348	198	19	futures	future	NOUN
ajfa-14348	198	20	price	price	NOUN
ajfa-14348	198	21	,	,	PUNCT
ajfa-14348	198	22	but	but	CCONJ
ajfa-14348	198	23	the	the	DET
ajfa-14348	198	24	volatility	volatility	NOUN
ajfa-14348	198	25	of	of	ADP
ajfa-14348	198	26	china	china	PROPN
ajfa-14348	198	27	vehicle	vehicle	NOUN
ajfa-14348	198	28	parts	part	NOUN
ajfa-14348	198	29	and	and	CCONJ
ajfa-14348	198	30	china	china	PROPN
ajfa-14348	198	31	transportation	transportation	NOUN
ajfa-14348	198	32	can	can	AUX
ajfa-14348	198	33	be	be	AUX
ajfa-14348	198	34	explained	explain	VERB
ajfa-14348	198	35	by	by	ADP
ajfa-14348	198	36	crude	crude	ADJ
ajfa-14348	198	37	oil	oil	NOUN
ajfa-14348	198	38	futures	future	NOUN
ajfa-14348	198	39	price	price	NOUN
ajfa-14348	198	40	more	more	ADV
ajfa-14348	198	41	strongly	strongly	ADV
ajfa-14348	198	42	,	,	PUNCT
ajfa-14348	198	43	which	which	PRON
ajfa-14348	198	44	indicates	indicate	VERB
ajfa-14348	198	45	that	that	SCONJ
ajfa-14348	198	46	crude	crude	ADJ
ajfa-14348	198	47	oil	oil	NOUN
ajfa-14348	198	48	futures	future	NOUN
ajfa-14348	198	49	price	price	NOUN
ajfa-14348	198	50	has	have	VERB
ajfa-14348	198	51	a	a	DET
ajfa-14348	198	52	strong	strong	ADJ
ajfa-14348	198	53	impact	impact	NOUN
ajfa-14348	198	54	on	on	ADP
ajfa-14348	198	55	the	the	DET
ajfa-14348	198	56	vehicle	vehicle	NOUN
ajfa-14348	198	57	parts	part	NOUN
ajfa-14348	198	58	industry	industry	NOUN
ajfa-14348	198	59	and	and	CCONJ
ajfa-14348	198	60	the	the	DET
ajfa-14348	198	61	transportation	transportation	NOUN
ajfa-14348	198	62	industry	industry	NOUN
ajfa-14348	198	63	.	.	PUNCT
ajfa-14348	199	1	on	on	ADP
ajfa-14348	199	2	the	the	DET
ajfa-14348	199	3	contrary	contrary	NOUN
ajfa-14348	199	4	,	,	PUNCT
ajfa-14348	199	5	the	the	DET
ajfa-14348	199	6	composite	composite	ADJ
ajfa-14348	199	7	index	index	NOUN
ajfa-14348	199	8	of	of	ADP
ajfa-14348	199	9	china	china	PROPN
ajfa-14348	199	10	’s	’s	PART
ajfa-14348	199	11	stock	stock	NOUN
ajfa-14348	199	12	market	market	NOUN
ajfa-14348	199	13	and	and	CCONJ
ajfa-14348	199	14	the	the	DET
ajfa-14348	199	15	industry	industry	NOUN
ajfa-14348	199	16	index	index	NOUN
ajfa-14348	199	17	have	have	VERB
ajfa-14348	199	18	less	less	ADJ
ajfa-14348	199	19	explanatory	explanatory	ADJ
ajfa-14348	199	20	power	power	NOUN
ajfa-14348	199	21	to	to	ADP
ajfa-14348	199	22	the	the	DET
ajfa-14348	199	23	fluctuation	fluctuation	NOUN
ajfa-14348	199	24	of	of	ADP
ajfa-14348	199	25	international	international	ADJ
ajfa-14348	199	26	crude	crude	ADJ
ajfa-14348	199	27	oil	oil	NOUN
ajfa-14348	199	28	futures	future	NOUN
ajfa-14348	199	29	price	price	NOUN
ajfa-14348	199	30	.	.	PUNCT
ajfa-14348	200	1	-0.4	-0.4	NOUN
ajfa-14348	200	2	0.0	0.0	NUM
ajfa-14348	200	3	0.4	0.4	NUM
ajfa-14348	200	4	0.8	0.8	NUM
ajfa-14348	200	5	1.2	1.2	NUM
ajfa-14348	200	6	1	1	NUM
ajfa-14348	200	7	2	2	NUM
ajfa-14348	200	8	3	3	NUM
ajfa-14348	200	9	4	4	NUM
ajfa-14348	200	10	5	5	NUM
ajfa-14348	200	11	6	6	NUM
ajfa-14348	200	12	7	7	NUM
ajfa-14348	200	13	8	8	NUM
ajfa-14348	200	14	9	9	NUM
ajfa-14348	200	15	10	10	NUM
ajfa-14348	200	16	response	response	NOUN
ajfa-14348	200	17	of	of	ADP
ajfa-14348	200	18	brent	brent	PROPN
ajfa-14348	200	19	to	to	ADP
ajfa-14348	200	20	brent	brent	PROPN
ajfa-14348	200	21	-0.4	-0.4	PROPN
ajfa-14348	200	22	0.0	0.0	NUM
ajfa-14348	200	23	0.4	0.4	NUM
ajfa-14348	200	24	0.8	0.8	NUM
ajfa-14348	200	25	1.2	1.2	NUM
ajfa-14348	200	26	1	1	NUM
ajfa-14348	200	27	2	2	NUM
ajfa-14348	200	28	3	3	NUM
ajfa-14348	200	29	4	4	NUM
ajfa-14348	200	30	5	5	NUM
ajfa-14348	200	31	6	6	NUM
ajfa-14348	200	32	7	7	NUM
ajfa-14348	200	33	8	8	NUM
ajfa-14348	200	34	9	9	NUM
ajfa-14348	200	35	10	10	NUM
ajfa-14348	200	36	response	response	NOUN
ajfa-14348	200	37	of	of	ADP
ajfa-14348	200	38	brent	brent	NOUN
ajfa-14348	200	39	to	to	ADP
ajfa-14348	200	40	rts	rts	PROPN
ajfa-14348	200	41	-0.4	-0.4	NUM
ajfa-14348	200	42	0.0	0.0	NUM
ajfa-14348	200	43	0.4	0.4	NUM
ajfa-14348	200	44	0.8	0.8	NUM
ajfa-14348	200	45	1.2	1.2	NUM
ajfa-14348	200	46	1	1	NUM
ajfa-14348	200	47	2	2	NUM
ajfa-14348	200	48	3	3	NUM
ajfa-14348	200	49	4	4	NUM
ajfa-14348	200	50	5	5	NUM
ajfa-14348	200	51	6	6	NUM
ajfa-14348	200	52	7	7	NUM
ajfa-14348	200	53	8	8	NUM
ajfa-14348	200	54	9	9	NUM
ajfa-14348	200	55	10	10	NUM
ajfa-14348	200	56	response	response	NOUN
ajfa-14348	200	57	of	of	ADP
ajfa-14348	200	58	brent	brent	PROPN
ajfa-14348	200	59	to	to	ADP
ajfa-14348	200	60	shanghai	shanghai	PROPN
ajfa-14348	200	61	-0.4	-0.4	NUM
ajfa-14348	200	62	0.0	0.0	NUM
ajfa-14348	200	63	0.4	0.4	NUM
ajfa-14348	200	64	0.8	0.8	NUM
ajfa-14348	200	65	1.2	1.2	NUM
ajfa-14348	200	66	1	1	NUM
ajfa-14348	200	67	2	2	NUM
ajfa-14348	200	68	3	3	NUM
ajfa-14348	200	69	4	4	NUM
ajfa-14348	200	70	5	5	NUM
ajfa-14348	200	71	6	6	NUM
ajfa-14348	200	72	7	7	NUM
ajfa-14348	200	73	8	8	NUM
ajfa-14348	200	74	9	9	NUM
ajfa-14348	200	75	10	10	NUM
ajfa-14348	200	76	response	response	NOUN
ajfa-14348	200	77	of	of	ADP
ajfa-14348	200	78	brent	brent	NOUN
ajfa-14348	200	79	to	to	PART
ajfa-14348	200	80	speurony	speurony	VERB
ajfa-14348	200	81	-5	-5	ADP
ajfa-14348	200	82	0	0	NUM
ajfa-14348	200	83	5	5	NUM
ajfa-14348	200	84	10	10	NUM
ajfa-14348	200	85	15	15	NUM
ajfa-14348	200	86	1	1	NUM
ajfa-14348	200	87	2	2	NUM
ajfa-14348	200	88	3	3	NUM
ajfa-14348	200	89	4	4	NUM
ajfa-14348	200	90	5	5	NUM
ajfa-14348	200	91	6	6	NUM
ajfa-14348	200	92	7	7	NUM
ajfa-14348	200	93	8	8	NUM
ajfa-14348	200	94	9	9	NUM
ajfa-14348	200	95	10	10	NUM
ajfa-14348	200	96	response	response	NOUN
ajfa-14348	200	97	of	of	ADP
ajfa-14348	200	98	rts	rt	NOUN
ajfa-14348	200	99	to	to	ADP
ajfa-14348	200	100	brent	brent	PROPN
ajfa-14348	200	101	-5	-5	PROPN
ajfa-14348	200	102	0	0	NUM
ajfa-14348	200	103	5	5	NUM
ajfa-14348	200	104	10	10	NUM
ajfa-14348	200	105	15	15	NUM
ajfa-14348	200	106	1	1	NUM
ajfa-14348	200	107	2	2	NUM
ajfa-14348	200	108	3	3	NUM
ajfa-14348	200	109	4	4	NUM
ajfa-14348	200	110	5	5	NUM
ajfa-14348	200	111	6	6	NUM
ajfa-14348	200	112	7	7	NUM
ajfa-14348	200	113	8	8	NUM
ajfa-14348	200	114	9	9	NUM
ajfa-14348	200	115	10	10	NUM
ajfa-14348	200	116	response	response	NOUN
ajfa-14348	200	117	of	of	ADP
ajfa-14348	200	118	rts	rt	NOUN
ajfa-14348	200	119	to	to	ADP
ajfa-14348	200	120	rts	rt	NOUN
ajfa-14348	200	121	-5	-5	PUNCT
ajfa-14348	200	122	0	0	NUM
ajfa-14348	200	123	5	5	NUM
ajfa-14348	200	124	10	10	NUM
ajfa-14348	200	125	15	15	NUM
ajfa-14348	200	126	1	1	NUM
ajfa-14348	200	127	2	2	NUM
ajfa-14348	200	128	3	3	NUM
ajfa-14348	200	129	4	4	NUM
ajfa-14348	200	130	5	5	NUM
ajfa-14348	200	131	6	6	NUM
ajfa-14348	200	132	7	7	NUM
ajfa-14348	200	133	8	8	NUM
ajfa-14348	200	134	9	9	NUM
ajfa-14348	200	135	10	10	NUM
ajfa-14348	200	136	response	response	NOUN
ajfa-14348	200	137	of	of	ADP
ajfa-14348	200	138	rts	rt	NOUN
ajfa-14348	200	139	to	to	ADP
ajfa-14348	200	140	shanghai	shanghai	PROPN
ajfa-14348	200	141	-5	-5	PUNCT
ajfa-14348	200	142	0	0	NUM
ajfa-14348	200	143	5	5	NUM
ajfa-14348	200	144	10	10	NUM
ajfa-14348	200	145	15	15	NUM
ajfa-14348	200	146	1	1	NUM
ajfa-14348	200	147	2	2	NUM
ajfa-14348	200	148	3	3	NUM
ajfa-14348	200	149	4	4	NUM
ajfa-14348	200	150	5	5	NUM
ajfa-14348	200	151	6	6	NUM
ajfa-14348	200	152	7	7	NUM
ajfa-14348	200	153	8	8	NUM
ajfa-14348	200	154	9	9	NUM
ajfa-14348	200	155	10	10	NUM
ajfa-14348	200	156	response	response	NOUN
ajfa-14348	200	157	of	of	ADP
ajfa-14348	200	158	rts	rt	NOUN
ajfa-14348	200	159	to	to	PART
ajfa-14348	200	160	speurony	speurony	VERB
ajfa-14348	200	161	-20	-20	NUM
ajfa-14348	200	162	0	0	NUM
ajfa-14348	200	163	20	20	NUM
ajfa-14348	200	164	40	40	NUM
ajfa-14348	200	165	60	60	NUM
ajfa-14348	200	166	80	80	NUM
ajfa-14348	200	167	1	1	NUM
ajfa-14348	200	168	2	2	NUM
ajfa-14348	200	169	3	3	NUM
ajfa-14348	200	170	4	4	NUM
ajfa-14348	200	171	5	5	NUM
ajfa-14348	200	172	6	6	NUM
ajfa-14348	200	173	7	7	NUM
ajfa-14348	200	174	8	8	NUM
ajfa-14348	200	175	9	9	NUM
ajfa-14348	200	176	10	10	NUM
ajfa-14348	200	177	response	response	NOUN
ajfa-14348	200	178	of	of	ADP
ajfa-14348	200	179	shanghai	shanghai	PROPN
ajfa-14348	200	180	to	to	ADP
ajfa-14348	200	181	brent	brent	PROPN
ajfa-14348	200	182	-20	-20	PROPN
ajfa-14348	200	183	0	0	NUM
ajfa-14348	200	184	20	20	NUM
ajfa-14348	200	185	40	40	NUM
ajfa-14348	200	186	60	60	NUM
ajfa-14348	200	187	80	80	NUM
ajfa-14348	200	188	1	1	NUM
ajfa-14348	200	189	2	2	NUM
ajfa-14348	200	190	3	3	NUM
ajfa-14348	200	191	4	4	NUM
ajfa-14348	200	192	5	5	NUM
ajfa-14348	200	193	6	6	NUM
ajfa-14348	200	194	7	7	NUM
ajfa-14348	200	195	8	8	NUM
ajfa-14348	200	196	9	9	NUM
ajfa-14348	200	197	10	10	NUM
ajfa-14348	200	198	response	response	NOUN
ajfa-14348	200	199	of	of	ADP
ajfa-14348	200	200	shanghai	shanghai	PROPN
ajfa-14348	200	201	to	to	ADP
ajfa-14348	200	202	rts	rts	PROPN
ajfa-14348	200	203	-20	-20	PUNCT
ajfa-14348	200	204	0	0	NUM
ajfa-14348	200	205	20	20	NUM
ajfa-14348	200	206	40	40	NUM
ajfa-14348	200	207	60	60	NUM
ajfa-14348	200	208	80	80	NUM
ajfa-14348	200	209	1	1	NUM
ajfa-14348	200	210	2	2	NUM
ajfa-14348	200	211	3	3	NUM
ajfa-14348	200	212	4	4	NUM
ajfa-14348	200	213	5	5	NUM
ajfa-14348	200	214	6	6	NUM
ajfa-14348	200	215	7	7	NUM
ajfa-14348	200	216	8	8	NUM
ajfa-14348	200	217	9	9	NUM
ajfa-14348	200	218	10	10	NUM
ajfa-14348	200	219	response	response	NOUN
ajfa-14348	200	220	of	of	ADP
ajfa-14348	200	221	shanghai	shanghai	PROPN
ajfa-14348	200	222	to	to	ADP
ajfa-14348	200	223	shanghai	shanghai	PROPN
ajfa-14348	200	224	-20	-20	NUM
ajfa-14348	200	225	0	0	NUM
ajfa-14348	200	226	20	20	NUM
ajfa-14348	200	227	40	40	NUM
ajfa-14348	200	228	60	60	NUM
ajfa-14348	200	229	80	80	NUM
ajfa-14348	200	230	1	1	NUM
ajfa-14348	200	231	2	2	NUM
ajfa-14348	200	232	3	3	NUM
ajfa-14348	200	233	4	4	NUM
ajfa-14348	200	234	5	5	NUM
ajfa-14348	200	235	6	6	NUM
ajfa-14348	200	236	7	7	NUM
ajfa-14348	200	237	8	8	NUM
ajfa-14348	200	238	9	9	NUM
ajfa-14348	200	239	10	10	NUM
ajfa-14348	200	240	response	response	NOUN
ajfa-14348	200	241	of	of	ADP
ajfa-14348	200	242	shanghai	shanghai	PROPN
ajfa-14348	200	243	to	to	PART
ajfa-14348	200	244	speurony	speurony	VERB
ajfa-14348	200	245	-5	-5	ADP
ajfa-14348	200	246	0	0	NUM
ajfa-14348	200	247	5	5	NUM
ajfa-14348	200	248	10	10	NUM
ajfa-14348	200	249	15	15	NUM
ajfa-14348	200	250	1	1	NUM
ajfa-14348	200	251	2	2	NUM
ajfa-14348	200	252	3	3	NUM
ajfa-14348	200	253	4	4	NUM
ajfa-14348	200	254	5	5	NUM
ajfa-14348	200	255	6	6	NUM
ajfa-14348	200	256	7	7	NUM
ajfa-14348	200	257	8	8	NUM
ajfa-14348	200	258	9	9	NUM
ajfa-14348	200	259	10	10	NUM
ajfa-14348	200	260	response	response	NOUN
ajfa-14348	200	261	of	of	ADP
ajfa-14348	200	262	speurony	speurony	NOUN
ajfa-14348	200	263	to	to	ADP
ajfa-14348	200	264	brent	brent	PROPN
ajfa-14348	200	265	-5	-5	PROPN
ajfa-14348	200	266	0	0	NUM
ajfa-14348	200	267	5	5	NUM
ajfa-14348	200	268	10	10	NUM
ajfa-14348	200	269	15	15	NUM
ajfa-14348	200	270	1	1	NUM
ajfa-14348	200	271	2	2	NUM
ajfa-14348	200	272	3	3	NUM
ajfa-14348	200	273	4	4	NUM
ajfa-14348	200	274	5	5	NUM
ajfa-14348	200	275	6	6	NUM
ajfa-14348	200	276	7	7	NUM
ajfa-14348	200	277	8	8	NUM
ajfa-14348	200	278	9	9	NUM
ajfa-14348	200	279	10	10	NUM
ajfa-14348	200	280	response	response	NOUN
ajfa-14348	200	281	of	of	ADP
ajfa-14348	200	282	speurony	speurony	NOUN
ajfa-14348	200	283	to	to	ADP
ajfa-14348	200	284	rts	rt	NOUN
ajfa-14348	200	285	-5	-5	PUNCT
ajfa-14348	200	286	0	0	NUM
ajfa-14348	200	287	5	5	NUM
ajfa-14348	200	288	10	10	NUM
ajfa-14348	200	289	15	15	NUM
ajfa-14348	200	290	1	1	NUM
ajfa-14348	200	291	2	2	NUM
ajfa-14348	200	292	3	3	NUM
ajfa-14348	200	293	4	4	NUM
ajfa-14348	200	294	5	5	NUM
ajfa-14348	200	295	6	6	NUM
ajfa-14348	200	296	7	7	NUM
ajfa-14348	200	297	8	8	NUM
ajfa-14348	200	298	9	9	NUM
ajfa-14348	200	299	10	10	NUM
ajfa-14348	200	300	response	response	NOUN
ajfa-14348	200	301	of	of	ADP
ajfa-14348	200	302	speurony	speurony	NOUN
ajfa-14348	200	303	to	to	ADP
ajfa-14348	200	304	shanghai	shanghai	PROPN
ajfa-14348	200	305	-5	-5	PUNCT
ajfa-14348	200	306	0	0	NUM
ajfa-14348	200	307	5	5	NUM
ajfa-14348	200	308	10	10	NUM
ajfa-14348	200	309	15	15	NUM
ajfa-14348	200	310	1	1	NUM
ajfa-14348	200	311	2	2	NUM
ajfa-14348	200	312	3	3	NUM
ajfa-14348	200	313	4	4	NUM
ajfa-14348	200	314	5	5	NUM
ajfa-14348	200	315	6	6	NUM
ajfa-14348	200	316	7	7	NUM
ajfa-14348	200	317	8	8	NUM
ajfa-14348	200	318	9	9	NUM
ajfa-14348	200	319	10	10	NUM
ajfa-14348	200	320	response	response	NOUN
ajfa-14348	200	321	of	of	ADP
ajfa-14348	200	322	speurony	speurony	NOUN
ajfa-14348	200	323	to	to	ADP
ajfa-14348	200	324	speurony	speurony	VERB
ajfa-14348	200	325	response	response	NOUN
ajfa-14348	200	326	to	to	PART
ajfa-14348	200	327	cholesky	cholesky	VERB
ajfa-14348	200	328	one	one	NUM
ajfa-14348	200	329	s.d	s.d	PROPN
ajfa-14348	200	330	.	.	PUNCT
ajfa-14348	200	331	innovations	innovation	NOUN
ajfa-14348	200	332	?	?	PUNCT
ajfa-14348	200	333	2	2	NUM
ajfa-14348	200	334	s.e	s.e	PROPN
ajfa-14348	200	335	.	.	PROPN
ajfa-14348	200	336	figure	figure	NOUN
ajfa-14348	200	337	5	5	NUM
ajfa-14348	200	338	.	.	PUNCT
ajfa-14348	200	339	impulse	impulse	ADJ
ajfa-14348	200	340	response	response	NOUN
ajfa-14348	200	341	graph	graph	NOUN
ajfa-14348	200	342	after	after	ADP
ajfa-14348	200	343	checking	check	VERB
ajfa-14348	200	344	the	the	DET
ajfa-14348	200	345	long	long	ADJ
ajfa-14348	200	346	-	-	PUNCT
ajfa-14348	200	347	term	term	NOUN
ajfa-14348	200	348	relationship	relationship	NOUN
ajfa-14348	200	349	among	among	ADP
ajfa-14348	200	350	variables	variable	NOUN
ajfa-14348	200	351	,	,	PUNCT
ajfa-14348	200	352	in	in	ADP
ajfa-14348	200	353	order	order	NOUN
ajfa-14348	200	354	to	to	PART
ajfa-14348	200	355	study	study	VERB
ajfa-14348	200	356	the	the	DET
ajfa-14348	200	357	adjustment	adjustment	NOUN
ajfa-14348	200	358	speed	speed	NOUN
ajfa-14348	200	359	of	of	ADP
ajfa-14348	200	360	variables	variable	NOUN
ajfa-14348	200	361	when	when	SCONJ
ajfa-14348	200	362	they	they	PRON
ajfa-14348	200	363	deviate	deviate	VERB
ajfa-14348	200	364	from	from	ADP
ajfa-14348	200	365	the	the	DET
ajfa-14348	200	366	long	long	ADJ
ajfa-14348	200	367	-	-	PUNCT
ajfa-14348	200	368	term	term	NOUN
ajfa-14348	200	369	trend	trend	NOUN
ajfa-14348	200	370	,	,	PUNCT
ajfa-14348	200	371	this	this	DET
ajfa-14348	200	372	study	study	NOUN
ajfa-14348	200	373	constructs	construct	VERB
ajfa-14348	200	374	an	an	DET
ajfa-14348	200	375	error	error	NOUN
ajfa-14348	200	376	correction	correction	NOUN
ajfa-14348	200	377	model	model	NOUN
ajfa-14348	200	378	(	(	PUNCT
ajfa-14348	200	379	ecm	ecm	PROPN
ajfa-14348	200	380	)	)	PUNCT
ajfa-14348	200	381	through	through	ADP
ajfa-14348	200	382	the	the	DET
ajfa-14348	200	383	first	first	ADJ
ajfa-14348	200	384	-	-	PUNCT
ajfa-14348	200	385	order	order	NOUN
ajfa-14348	200	386	linear	linear	ADJ
ajfa-14348	200	387	autoregressive	autoregressive	ADJ
ajfa-14348	200	388	distribution	distribution	NOUN
ajfa-14348	200	389	lag	lag	NOUN
ajfa-14348	200	390	model	model	NOUN
ajfa-14348	200	391	.	.	PUNCT
ajfa-14348	201	1	an	an	DET
ajfa-14348	201	2	ecm	ecm	PROPN
ajfa-14348	201	3	model	model	NOUN
ajfa-14348	201	4	based	base	VERB
ajfa-14348	201	5	on	on	ADP
ajfa-14348	201	6	cointegration	cointegration	NOUN
ajfa-14348	201	7	theory	theory	NOUN
ajfa-14348	201	8	is	be	AUX
ajfa-14348	201	9	established	establish	VERB
ajfa-14348	201	10	for	for	ADP
ajfa-14348	201	11	the	the	DET
ajfa-14348	201	12	variables	variable	NOUN
ajfa-14348	201	13	without	without	ADP
ajfa-14348	201	14	granger	granger	PROPN
ajfa-14348	201	15	’s	’s	PART
ajfa-14348	201	16	two	two	NUM
ajfa-14348	201	17	-	-	PUNCT
ajfa-14348	201	18	way	way	NOUN
ajfa-14348	201	19	causality	causality	NOUN
ajfa-14348	201	20	by	by	ADP
ajfa-14348	201	21	e	e	PROPN
ajfa-14348	201	22	-	-	NOUN
ajfa-14348	201	23	g	g	ADJ
ajfa-14348	201	24	two	two	NUM
ajfa-14348	201	25	-	-	PUNCT
ajfa-14348	201	26	step	step	NOUN
ajfa-14348	201	27	method	method	NOUN
ajfa-14348	201	28	.	.	PUNCT
ajfa-14348	202	1	in	in	ADP
ajfa-14348	202	2	the	the	DET
ajfa-14348	202	3	ecm	ecm	PROPN
ajfa-14348	202	4	model	model	NOUN
ajfa-14348	202	5	,	,	PUNCT
ajfa-14348	202	6	all	all	DET
ajfa-14348	202	7	error	error	NOUN
ajfa-14348	202	8	correction	correction	NOUN
ajfa-14348	202	9	coefficients	coefficient	NOUN
ajfa-14348	202	10	are	be	AUX
ajfa-14348	202	11	negative	negative	ADJ
ajfa-14348	202	12	,	,	PUNCT
ajfa-14348	202	13	indicating	indicate	VERB
ajfa-14348	202	14	that	that	SCONJ
ajfa-14348	202	15	the	the	DET
ajfa-14348	202	16	stock	stock	NOUN
ajfa-14348	202	17	market	market	NOUN
ajfa-14348	202	18	has	have	VERB
ajfa-14348	202	19	the	the	DET
ajfa-14348	202	20	function	function	NOUN
ajfa-14348	202	21	of	of	ADP
ajfa-14348	202	22	reverse	reverse	ADJ
ajfa-14348	202	23	correction	correction	NOUN
ajfa-14348	202	24	.	.	PUNCT
ajfa-14348	203	1	the	the	DET
ajfa-14348	203	2	results	result	NOUN
ajfa-14348	203	3	of	of	ADP
ajfa-14348	203	4	each	each	DET
ajfa-14348	203	5	variable	variable	ADJ
ajfa-14348	203	6	group	group	NOUN
ajfa-14348	203	7	are	be	AUX
ajfa-14348	203	8	similar	similar	ADJ
ajfa-14348	203	9	,	,	PUNCT
ajfa-14348	203	10	and	and	CCONJ
ajfa-14348	203	11	the	the	DET
ajfa-14348	203	12	absolute	absolute	ADJ
ajfa-14348	203	13	values	value	NOUN
ajfa-14348	203	14	of	of	ADP
ajfa-14348	203	15	error	error	NOUN
ajfa-14348	203	16	correction	correction	NOUN
ajfa-14348	203	17	coefficients	coefficient	NOUN
ajfa-14348	203	18	are	be	AUX
ajfa-14348	203	19	small	small	ADJ
ajfa-14348	203	20	,	,	PUNCT
ajfa-14348	203	21	which	which	PRON
ajfa-14348	203	22	means	mean	VERB
ajfa-14348	203	23	that	that	SCONJ
ajfa-14348	203	24	if	if	SCONJ
ajfa-14348	203	25	the	the	DET
ajfa-14348	203	26	current	current	ADJ
ajfa-14348	203	27	fluctuation	fluctuation	NOUN
ajfa-14348	203	28	deviates	deviate	VERB
ajfa-14348	203	29	from	from	ADP
ajfa-14348	203	30	the	the	DET
ajfa-14348	203	31	long	long	ADJ
ajfa-14348	203	32	-	-	PUNCT
ajfa-14348	203	33	term	term	NOUN
ajfa-14348	203	34	equilibrium	equilibrium	NOUN
ajfa-14348	203	35	,	,	PUNCT
ajfa-14348	203	36	the	the	DET
ajfa-14348	203	37	reverse	reverse	ADJ
ajfa-14348	203	38	adjustment	adjustment	NOUN
ajfa-14348	203	39	of	of	ADP
ajfa-14348	203	40	error	error	NOUN
ajfa-14348	203	41	correction	correction	NOUN
ajfa-14348	203	42	term	term	NOUN
ajfa-14348	203	43	is	be	AUX
ajfa-14348	203	44	limited	limit	VERB
ajfa-14348	203	45	,	,	PUNCT
ajfa-14348	203	46	i.e.	i.e.	X
ajfa-14348	203	47	,	,	PUNCT
ajfa-14348	203	48	the	the	DET
ajfa-14348	203	49	adjustment	adjustment	NOUN
ajfa-14348	203	50	range	range	NOUN
ajfa-14348	203	51	of	of	ADP
ajfa-14348	203	52	the	the	DET
ajfa-14348	203	53	error	error	NOUN
ajfa-14348	203	54	of	of	ADP
ajfa-14348	203	55	crude	crude	ADJ
ajfa-14348	203	56	oil	oil	NOUN
ajfa-14348	203	57	futures	future	NOUN
ajfa-14348	203	58	price	price	NOUN
ajfa-14348	203	59	to	to	ADP
ajfa-14348	203	60	the	the	DET
ajfa-14348	203	61	current	current	ADJ
ajfa-14348	203	62	explained	explain	VERB
ajfa-14348	203	63	variable	variable	ADJ
ajfa-14348	203	64	fluctuation	fluctuation	NOUN
ajfa-14348	203	65	is	be	AUX
ajfa-14348	203	66	small	small	ADJ
ajfa-14348	203	67	,	,	PUNCT
ajfa-14348	203	68	and	and	CCONJ
ajfa-14348	203	69	the	the	DET
ajfa-14348	203	70	influence	influence	NOUN
ajfa-14348	203	71	is	be	AUX
ajfa-14348	203	72	small	small	ADJ
ajfa-14348	203	73	.	.	PUNCT
ajfa-14348	204	1	the	the	DET
ajfa-14348	204	2	results	result	NOUN
ajfa-14348	204	3	of	of	ADP
ajfa-14348	204	4	parameter	parameter	NOUN
ajfa-14348	204	5	test	test	NOUN
ajfa-14348	204	6	show	show	VERB
ajfa-14348	204	7	that	that	SCONJ
ajfa-14348	204	8	the	the	DET
ajfa-14348	204	9	adjustment	adjustment	NOUN
ajfa-14348	204	10	coefficients	coefficient	NOUN
ajfa-14348	204	11	of	of	ADP
ajfa-14348	204	12	crude	crude	ADJ
ajfa-14348	204	13	oil	oil	NOUN
ajfa-14348	204	14	futures	future	NOUN
ajfa-14348	204	15	price	price	NOUN
ajfa-14348	204	16	to	to	ADP
ajfa-14348	204	17	other	other	ADJ
ajfa-14348	204	18	industry	industry	NOUN
ajfa-14348	204	19	index	index	NOUN
ajfa-14348	204	20	fluctuations	fluctuation	NOUN
ajfa-14348	204	21	are	be	AUX
ajfa-14348	204	22	not	not	PART
ajfa-14348	204	23	significant	significant	ADJ
ajfa-14348	204	24	except	except	SCONJ
ajfa-14348	204	25	china	china	PROPN
ajfa-14348	204	26	industry	industry	PROPN
ajfa-14348	204	27	and	and	CCONJ
ajfa-14348	204	28	russia	russia	PROPN
ajfa-14348	204	29	energy	energy	NOUN
ajfa-14348	204	30	,	,	PUNCT
ajfa-14348	204	31	which	which	PRON
ajfa-14348	204	32	indicates	indicate	VERB
ajfa-14348	204	33	that	that	SCONJ
ajfa-14348	204	34	there	there	PRON
ajfa-14348	204	35	is	be	VERB
ajfa-14348	204	36	a	a	DET
ajfa-14348	204	37	long	long	ADJ
ajfa-14348	204	38	-	-	PUNCT
ajfa-14348	204	39	term	term	NOUN
ajfa-14348	204	40	asian	asian	ADJ
ajfa-14348	204	41	journal	journal	NOUN
ajfa-14348	204	42	of	of	ADP
ajfa-14348	204	43	finance	finance	PROPN
ajfa-14348	204	44	&	&	CCONJ
ajfa-14348	204	45	accounting	accounting	PROPN
ajfa-14348	204	46	issn	issn	PROPN
ajfa-14348	204	47	1946	1946	NUM
ajfa-14348	204	48	-	-	PUNCT
ajfa-14348	204	49	052x	052x	PROPN
ajfa-14348	204	50	2019	2019	NUM
ajfa-14348	204	51	,	,	PUNCT
ajfa-14348	204	52	vol	vol	NOUN
ajfa-14348	204	53	.	.	PROPN
ajfa-14348	204	54	11	11	NUM
ajfa-14348	204	55	,	,	PUNCT
ajfa-14348	204	56	no	no	INTJ
ajfa-14348	204	57	.	.	NOUN
ajfa-14348	204	58	1	1	NUM
ajfa-14348	204	59	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	204	60	80	80	NUM
ajfa-14348	204	61	correlation	correlation	NOUN
ajfa-14348	204	62	between	between	ADP
ajfa-14348	204	63	china	china	PROPN
ajfa-14348	204	64	industry	industry	PROPN
ajfa-14348	204	65	and	and	CCONJ
ajfa-14348	204	66	russia	russia	PROPN
ajfa-14348	204	67	energy	energy	NOUN
ajfa-14348	204	68	industry	industry	NOUN
ajfa-14348	204	69	and	and	CCONJ
ajfa-14348	204	70	international	international	ADJ
ajfa-14348	204	71	crude	crude	ADJ
ajfa-14348	204	72	oil	oil	NOUN
ajfa-14348	204	73	futures	future	NOUN
ajfa-14348	204	74	price	price	NOUN
ajfa-14348	204	75	.	.	PUNCT
ajfa-14348	205	1	5	5	X
ajfa-14348	205	2	.	.	X
ajfa-14348	205	3	conclusions	conclusion	NOUN
ajfa-14348	205	4	and	and	CCONJ
ajfa-14348	205	5	policy	policy	NOUN
ajfa-14348	205	6	implications	implication	NOUN
ajfa-14348	205	7	based	base	VERB
ajfa-14348	205	8	on	on	ADP
ajfa-14348	205	9	the	the	DET
ajfa-14348	205	10	data	datum	NOUN
ajfa-14348	205	11	from	from	ADP
ajfa-14348	205	12	april	april	PROPN
ajfa-14348	205	13	24th	24th	NOUN
ajfa-14348	205	14	,	,	PUNCT
ajfa-14348	205	15	2015	2015	NUM
ajfa-14348	205	16	to	to	ADP
ajfa-14348	205	17	april	april	PROPN
ajfa-14348	205	18	20th	20th	NOUN
ajfa-14348	205	19	,	,	PUNCT
ajfa-14348	205	20	2018	2018	NUM
ajfa-14348	205	21	,	,	PUNCT
ajfa-14348	205	22	according	accord	VERB
ajfa-14348	205	23	to	to	ADP
ajfa-14348	205	24	the	the	DET
ajfa-14348	205	25	characteristics	characteristic	NOUN
ajfa-14348	205	26	of	of	ADP
ajfa-14348	205	27	the	the	DET
ajfa-14348	205	28	data	datum	NOUN
ajfa-14348	205	29	in	in	ADP
ajfa-14348	205	30	the	the	DET
ajfa-14348	205	31	preliminary	preliminary	ADJ
ajfa-14348	205	32	test	test	NOUN
ajfa-14348	205	33	,	,	PUNCT
ajfa-14348	205	34	this	this	DET
ajfa-14348	205	35	study	study	NOUN
ajfa-14348	205	36	chooses	choose	VERB
ajfa-14348	205	37	different	different	ADJ
ajfa-14348	205	38	models	model	NOUN
ajfa-14348	205	39	to	to	PART
ajfa-14348	205	40	investigate	investigate	VERB
ajfa-14348	205	41	the	the	DET
ajfa-14348	205	42	volatility	volatility	NOUN
ajfa-14348	205	43	spillover	spillover	VERB
ajfa-14348	205	44	effect	effect	NOUN
ajfa-14348	205	45	between	between	ADP
ajfa-14348	205	46	international	international	ADJ
ajfa-14348	205	47	crude	crude	ADJ
ajfa-14348	205	48	oil	oil	NOUN
ajfa-14348	205	49	futures	future	NOUN
ajfa-14348	205	50	and	and	CCONJ
ajfa-14348	205	51	china	china	PROPN
ajfa-14348	205	52	-	-	PUNCT
ajfa-14348	205	53	russia	russia	PROPN
ajfa-14348	205	54	stock	stock	NOUN
ajfa-14348	205	55	markets	market	NOUN
ajfa-14348	205	56	,	,	PUNCT
ajfa-14348	205	57	and	and	CCONJ
ajfa-14348	205	58	explores	explore	VERB
ajfa-14348	205	59	the	the	DET
ajfa-14348	205	60	relationship	relationship	NOUN
ajfa-14348	205	61	between	between	ADP
ajfa-14348	205	62	crude	crude	ADJ
ajfa-14348	205	63	oil	oil	NOUN
ajfa-14348	205	64	and	and	CCONJ
ajfa-14348	205	65	stock	stock	NOUN
ajfa-14348	205	66	markets	market	NOUN
ajfa-14348	205	67	by	by	ADP
ajfa-14348	205	68	comparing	compare	VERB
ajfa-14348	205	69	the	the	DET
ajfa-14348	205	70	impact	impact	NOUN
ajfa-14348	205	71	of	of	ADP
ajfa-14348	205	72	international	international	ADJ
ajfa-14348	205	73	crude	crude	ADJ
ajfa-14348	205	74	oil	oil	NOUN
ajfa-14348	205	75	futures	future	NOUN
ajfa-14348	205	76	prices	price	NOUN
ajfa-14348	205	77	on	on	ADP
ajfa-14348	205	78	china	china	PROPN
ajfa-14348	205	79	-	-	PUNCT
ajfa-14348	205	80	russia	russia	PROPN
ajfa-14348	205	81	stock	stock	NOUN
ajfa-14348	205	82	markets	market	NOUN
ajfa-14348	205	83	.	.	PUNCT
ajfa-14348	206	1	the	the	DET
ajfa-14348	206	2	results	result	NOUN
ajfa-14348	206	3	show	show	VERB
ajfa-14348	206	4	that	that	SCONJ
ajfa-14348	206	5	russia	russia	PROPN
ajfa-14348	206	6	composite	composite	ADJ
ajfa-14348	206	7	stock	stock	NOUN
ajfa-14348	206	8	index	index	NOUN
ajfa-14348	206	9	is	be	AUX
ajfa-14348	206	10	more	more	ADV
ajfa-14348	206	11	affected	affect	VERB
ajfa-14348	206	12	by	by	ADP
ajfa-14348	206	13	international	international	ADJ
ajfa-14348	206	14	crude	crude	ADJ
ajfa-14348	206	15	oil	oil	NOUN
ajfa-14348	206	16	futures	future	NOUN
ajfa-14348	206	17	prices	price	NOUN
ajfa-14348	206	18	,	,	PUNCT
ajfa-14348	206	19	and	and	CCONJ
ajfa-14348	206	20	the	the	DET
ajfa-14348	206	21	effectiveness	effectiveness	NOUN
ajfa-14348	206	22	of	of	ADP
ajfa-14348	206	23	russian	russian	ADJ
ajfa-14348	206	24	stock	stock	NOUN
ajfa-14348	206	25	market	market	NOUN
ajfa-14348	206	26	is	be	AUX
ajfa-14348	206	27	more	more	ADV
ajfa-14348	206	28	obvious	obvious	ADJ
ajfa-14348	206	29	.	.	PUNCT
ajfa-14348	207	1	rts	rt	NOUN
ajfa-14348	207	2	index	index	NOUN
ajfa-14348	207	3	and	and	CCONJ
ajfa-14348	207	4	shanghai	shanghai	PROPN
ajfa-14348	207	5	stock	stock	PROPN
ajfa-14348	207	6	exchange	exchange	PROPN
ajfa-14348	207	7	index	index	NOUN
ajfa-14348	207	8	are	be	AUX
ajfa-14348	207	9	cointegrated	cointegrate	VERB
ajfa-14348	207	10	with	with	ADP
ajfa-14348	207	11	international	international	ADJ
ajfa-14348	207	12	crude	crude	ADJ
ajfa-14348	207	13	oil	oil	NOUN
ajfa-14348	207	14	futures	future	NOUN
ajfa-14348	207	15	prices	price	NOUN
ajfa-14348	207	16	.	.	PUNCT
ajfa-14348	208	1	the	the	DET
ajfa-14348	208	2	results	result	NOUN
ajfa-14348	208	3	of	of	ADP
ajfa-14348	208	4	variance	variance	NOUN
ajfa-14348	208	5	decomposition	decomposition	NOUN
ajfa-14348	208	6	show	show	VERB
ajfa-14348	208	7	that	that	SCONJ
ajfa-14348	208	8	the	the	DET
ajfa-14348	208	9	volatility	volatility	NOUN
ajfa-14348	208	10	of	of	ADP
ajfa-14348	208	11	international	international	ADJ
ajfa-14348	208	12	crude	crude	ADJ
ajfa-14348	208	13	oil	oil	NOUN
ajfa-14348	208	14	futures	future	NOUN
ajfa-14348	208	15	price	price	NOUN
ajfa-14348	208	16	has	have	VERB
ajfa-14348	208	17	greater	great	ADJ
ajfa-14348	208	18	explanatory	explanatory	ADJ
ajfa-14348	208	19	power	power	NOUN
ajfa-14348	208	20	to	to	ADP
ajfa-14348	208	21	the	the	DET
ajfa-14348	208	22	volatility	volatility	NOUN
ajfa-14348	208	23	of	of	ADP
ajfa-14348	208	24	rts	rt	NOUN
ajfa-14348	208	25	index	index	PROPN
ajfa-14348	208	26	.	.	PUNCT
ajfa-14348	209	1	empirical	empirical	ADJ
ajfa-14348	209	2	results	result	NOUN
ajfa-14348	209	3	show	show	VERB
ajfa-14348	209	4	that	that	SCONJ
ajfa-14348	209	5	the	the	DET
ajfa-14348	209	6	composite	composite	ADJ
ajfa-14348	209	7	index	index	NOUN
ajfa-14348	209	8	and	and	CCONJ
ajfa-14348	209	9	industry	industry	NOUN
ajfa-14348	209	10	index	index	NOUN
ajfa-14348	209	11	of	of	ADP
ajfa-14348	209	12	chinese	chinese	ADJ
ajfa-14348	209	13	stock	stock	NOUN
ajfa-14348	209	14	market	market	NOUN
ajfa-14348	209	15	are	be	AUX
ajfa-14348	209	16	less	less	ADV
ajfa-14348	209	17	sensitive	sensitive	ADJ
ajfa-14348	209	18	to	to	ADP
ajfa-14348	209	19	information	information	NOUN
ajfa-14348	209	20	,	,	PUNCT
ajfa-14348	209	21	reaction	reaction	NOUN
ajfa-14348	209	22	speed	speed	NOUN
ajfa-14348	209	23	,	,	PUNCT
ajfa-14348	209	24	and	and	CCONJ
ajfa-14348	209	25	digestion	digestion	NOUN
ajfa-14348	209	26	cycle	cycle	NOUN
ajfa-14348	209	27	than	than	ADP
ajfa-14348	209	28	russian	russian	ADJ
ajfa-14348	209	29	stock	stock	NOUN
ajfa-14348	209	30	market	market	NOUN
ajfa-14348	209	31	.	.	PUNCT
ajfa-14348	210	1	in	in	ADP
ajfa-14348	210	2	the	the	DET
ajfa-14348	210	3	short	short	ADJ
ajfa-14348	210	4	run	run	NOUN
ajfa-14348	210	5	,	,	PUNCT
ajfa-14348	210	6	the	the	DET
ajfa-14348	210	7	rise	rise	NOUN
ajfa-14348	210	8	of	of	ADP
ajfa-14348	210	9	international	international	ADJ
ajfa-14348	210	10	crude	crude	ADJ
ajfa-14348	210	11	oil	oil	NOUN
ajfa-14348	210	12	futures	future	NOUN
ajfa-14348	210	13	prices	price	NOUN
ajfa-14348	210	14	will	will	AUX
ajfa-14348	210	15	aggravate	aggravate	VERB
ajfa-14348	210	16	the	the	DET
ajfa-14348	210	17	volatility	volatility	NOUN
ajfa-14348	210	18	of	of	ADP
ajfa-14348	210	19	shanghai	shanghai	PROPN
ajfa-14348	210	20	stock	stock	PROPN
ajfa-14348	210	21	index	index	PROPN
ajfa-14348	210	22	,	,	PUNCT
ajfa-14348	210	23	china	china	PROPN
ajfa-14348	210	24	industrial	industrial	PROPN
ajfa-14348	210	25	index	index	NOUN
ajfa-14348	210	26	and	and	CCONJ
ajfa-14348	210	27	russia	russia	PROPN
ajfa-14348	210	28	energy	energy	NOUN
ajfa-14348	210	29	index	index	NOUN
ajfa-14348	210	30	,	,	PUNCT
ajfa-14348	210	31	but	but	CCONJ
ajfa-14348	210	32	the	the	DET
ajfa-14348	210	33	impact	impact	NOUN
ajfa-14348	210	34	on	on	ADP
ajfa-14348	210	35	other	other	ADJ
ajfa-14348	210	36	crude	crude	ADJ
ajfa-14348	210	37	oil	oil	NOUN
ajfa-14348	210	38	-	-	PUNCT
ajfa-14348	210	39	related	relate	VERB
ajfa-14348	210	40	industries	industry	NOUN
ajfa-14348	210	41	in	in	ADP
ajfa-14348	210	42	china	china	PROPN
ajfa-14348	210	43	and	and	CCONJ
ajfa-14348	210	44	russia	russia	PROPN
ajfa-14348	210	45	is	be	AUX
ajfa-14348	210	46	not	not	PART
ajfa-14348	210	47	obvious	obvious	ADJ
ajfa-14348	210	48	;	;	PUNCT
ajfa-14348	210	49	in	in	ADP
ajfa-14348	210	50	the	the	DET
ajfa-14348	210	51	long	long	ADJ
ajfa-14348	210	52	run	run	NOUN
ajfa-14348	210	53	,	,	PUNCT
ajfa-14348	210	54	all	all	DET
ajfa-14348	210	55	indices	index	NOUN
ajfa-14348	210	56	are	be	AUX
ajfa-14348	210	57	cointegrated	cointegrate	VERB
ajfa-14348	210	58	with	with	ADP
ajfa-14348	210	59	international	international	ADJ
ajfa-14348	210	60	crude	crude	ADJ
ajfa-14348	210	61	oil	oil	NOUN
ajfa-14348	210	62	futures	future	NOUN
ajfa-14348	210	63	prices	price	NOUN
ajfa-14348	210	64	.	.	PUNCT
ajfa-14348	211	1	therefore	therefore	ADV
ajfa-14348	211	2	,	,	PUNCT
ajfa-14348	211	3	stabilizing	stabilize	VERB
ajfa-14348	211	4	international	international	ADJ
ajfa-14348	211	5	crude	crude	ADJ
ajfa-14348	211	6	oil	oil	NOUN
ajfa-14348	211	7	futures	future	NOUN
ajfa-14348	211	8	prices	price	NOUN
ajfa-14348	211	9	has	have	VERB
ajfa-14348	211	10	a	a	DET
ajfa-14348	211	11	positive	positive	ADJ
ajfa-14348	211	12	effect	effect	NOUN
ajfa-14348	211	13	on	on	ADP
ajfa-14348	211	14	stabilizing	stabilize	VERB
ajfa-14348	211	15	stock	stock	NOUN
ajfa-14348	211	16	prices	price	NOUN
ajfa-14348	211	17	.	.	PUNCT
ajfa-14348	212	1	based	base	VERB
ajfa-14348	212	2	on	on	ADP
ajfa-14348	212	3	the	the	DET
ajfa-14348	212	4	above	above	ADJ
ajfa-14348	212	5	conclusions	conclusion	NOUN
ajfa-14348	212	6	,	,	PUNCT
ajfa-14348	212	7	this	this	DET
ajfa-14348	212	8	study	study	NOUN
ajfa-14348	212	9	puts	put	VERB
ajfa-14348	212	10	forward	forward	ADV
ajfa-14348	212	11	the	the	DET
ajfa-14348	212	12	following	follow	VERB
ajfa-14348	212	13	policy	policy	NOUN
ajfa-14348	212	14	implications	implication	NOUN
ajfa-14348	212	15	:	:	PUNCT
ajfa-14348	212	16	since	since	SCONJ
ajfa-14348	212	17	most	most	ADJ
ajfa-14348	212	18	of	of	ADP
ajfa-14348	212	19	the	the	DET
ajfa-14348	212	20	factors	factor	NOUN
ajfa-14348	212	21	affecting	affect	VERB
ajfa-14348	212	22	crude	crude	ADJ
ajfa-14348	212	23	oil	oil	NOUN
ajfa-14348	212	24	supply	supply	NOUN
ajfa-14348	212	25	and	and	CCONJ
ajfa-14348	212	26	demand	demand	NOUN
ajfa-14348	212	27	are	be	AUX
ajfa-14348	212	28	not	not	PART
ajfa-14348	212	29	controlled	control	VERB
ajfa-14348	212	30	,	,	PUNCT
ajfa-14348	212	31	the	the	DET
ajfa-14348	212	32	government	government	NOUN
ajfa-14348	212	33	needs	need	VERB
ajfa-14348	212	34	to	to	PART
ajfa-14348	212	35	improve	improve	VERB
ajfa-14348	212	36	the	the	DET
ajfa-14348	212	37	financial	financial	ADJ
ajfa-14348	212	38	supervision	supervision	NOUN
ajfa-14348	212	39	system	system	NOUN
ajfa-14348	212	40	to	to	PART
ajfa-14348	212	41	effectively	effectively	ADV
ajfa-14348	212	42	control	control	VERB
ajfa-14348	212	43	malicious	malicious	ADJ
ajfa-14348	212	44	speculation	speculation	NOUN
ajfa-14348	212	45	or	or	CCONJ
ajfa-14348	212	46	malicious	malicious	ADJ
ajfa-14348	212	47	long	long	ADJ
ajfa-14348	212	48	(	(	PUNCT
ajfa-14348	212	49	short	short	ADJ
ajfa-14348	212	50	)	)	PUNCT
ajfa-14348	212	51	speculation	speculation	NOUN
ajfa-14348	212	52	,	,	PUNCT
ajfa-14348	212	53	so	so	SCONJ
ajfa-14348	212	54	as	as	SCONJ
ajfa-14348	212	55	to	to	PART
ajfa-14348	212	56	stabilize	stabilize	VERB
ajfa-14348	212	57	the	the	DET
ajfa-14348	212	58	international	international	ADJ
ajfa-14348	212	59	crude	crude	ADJ
ajfa-14348	212	60	oil	oil	NOUN
ajfa-14348	212	61	price	price	NOUN
ajfa-14348	212	62	at	at	ADP
ajfa-14348	212	63	an	an	DET
ajfa-14348	212	64	appropriate	appropriate	ADJ
ajfa-14348	212	65	level	level	NOUN
ajfa-14348	212	66	.	.	PUNCT
ajfa-14348	213	1	in	in	ADP
ajfa-14348	213	2	addition	addition	NOUN
ajfa-14348	213	3	,	,	PUNCT
ajfa-14348	213	4	because	because	SCONJ
ajfa-14348	213	5	chinese	chinese	ADJ
ajfa-14348	213	6	stock	stock	NOUN
ajfa-14348	213	7	market	market	NOUN
ajfa-14348	213	8	is	be	AUX
ajfa-14348	213	9	a	a	DET
ajfa-14348	213	10	weak	weak	ADJ
ajfa-14348	213	11	efficient	efficient	ADJ
ajfa-14348	213	12	market	market	NOUN
ajfa-14348	213	13	(	(	PUNCT
ajfa-14348	213	14	or	or	CCONJ
ajfa-14348	213	15	even	even	ADV
ajfa-14348	213	16	near	near	ADP
ajfa-14348	213	17	an	an	DET
ajfa-14348	213	18	ineffective	ineffective	ADJ
ajfa-14348	213	19	market	market	NOUN
ajfa-14348	213	20	)	)	PUNCT
ajfa-14348	213	21	,	,	PUNCT
ajfa-14348	213	22	information	information	NOUN
ajfa-14348	213	23	is	be	AUX
ajfa-14348	213	24	controlled	control	VERB
ajfa-14348	213	25	by	by	ADP
ajfa-14348	213	26	a	a	DET
ajfa-14348	213	27	few	few	ADJ
ajfa-14348	213	28	people	people	NOUN
ajfa-14348	213	29	,	,	PUNCT
ajfa-14348	213	30	most	most	ADJ
ajfa-14348	213	31	ordinary	ordinary	ADJ
ajfa-14348	213	32	investors	investor	NOUN
ajfa-14348	213	33	find	find	VERB
ajfa-14348	213	34	it	it	PRON
ajfa-14348	213	35	difficult	difficult	ADJ
ajfa-14348	213	36	to	to	PART
ajfa-14348	213	37	obtain	obtain	VERB
ajfa-14348	213	38	effective	effective	ADJ
ajfa-14348	213	39	information	information	NOUN
ajfa-14348	213	40	through	through	ADP
ajfa-14348	213	41	normal	normal	ADJ
ajfa-14348	213	42	channels	channel	NOUN
ajfa-14348	213	43	,	,	PUNCT
ajfa-14348	213	44	and	and	CCONJ
ajfa-14348	213	45	it	it	PRON
ajfa-14348	213	46	is	be	AUX
ajfa-14348	213	47	common	common	ADJ
ajfa-14348	213	48	that	that	SCONJ
ajfa-14348	213	49	a	a	DET
ajfa-14348	213	50	large	large	ADJ
ajfa-14348	213	51	amount	amount	NOUN
ajfa-14348	213	52	of	of	ADP
ajfa-14348	213	53	funds	fund	NOUN
ajfa-14348	213	54	manipulate	manipulate	VERB
ajfa-14348	213	55	the	the	DET
ajfa-14348	213	56	stock	stock	NOUN
ajfa-14348	213	57	price	price	NOUN
ajfa-14348	213	58	.	.	PUNCT
ajfa-14348	214	1	therefore	therefore	ADV
ajfa-14348	214	2	,	,	PUNCT
ajfa-14348	214	3	the	the	DET
ajfa-14348	214	4	relevant	relevant	ADJ
ajfa-14348	214	5	regulatory	regulatory	ADJ
ajfa-14348	214	6	bodies	body	NOUN
ajfa-14348	214	7	of	of	ADP
ajfa-14348	214	8	china	china	PROPN
ajfa-14348	214	9	’s	’s	PART
ajfa-14348	214	10	stock	stock	NOUN
ajfa-14348	214	11	market	market	NOUN
ajfa-14348	214	12	should	should	AUX
ajfa-14348	214	13	strengthen	strengthen	VERB
ajfa-14348	214	14	the	the	DET
ajfa-14348	214	15	monitoring	monitoring	NOUN
ajfa-14348	214	16	of	of	ADP
ajfa-14348	214	17	the	the	DET
ajfa-14348	214	18	flow	flow	NOUN
ajfa-14348	214	19	of	of	ADP
ajfa-14348	214	20	large	large	ADJ
ajfa-14348	214	21	amounts	amount	NOUN
ajfa-14348	214	22	of	of	ADP
ajfa-14348	214	23	funds	fund	NOUN
ajfa-14348	214	24	,	,	PUNCT
ajfa-14348	214	25	eliminate	eliminate	VERB
ajfa-14348	214	26	malicious	malicious	ADJ
ajfa-14348	214	27	manipulation	manipulation	NOUN
ajfa-14348	214	28	of	of	ADP
ajfa-14348	214	29	stock	stock	NOUN
ajfa-14348	214	30	prices	price	NOUN
ajfa-14348	214	31	,	,	PUNCT
ajfa-14348	214	32	reduce	reduce	VERB
ajfa-14348	214	33	the	the	DET
ajfa-14348	214	34	occurrence	occurrence	NOUN
ajfa-14348	214	35	of	of	ADP
ajfa-14348	214	36	insider	insider	NOUN
ajfa-14348	214	37	trading	trading	NOUN
ajfa-14348	214	38	,	,	PUNCT
ajfa-14348	214	39	and	and	CCONJ
ajfa-14348	214	40	enhance	enhance	VERB
ajfa-14348	214	41	the	the	DET
ajfa-14348	214	42	effectiveness	effectiveness	NOUN
ajfa-14348	214	43	of	of	ADP
ajfa-14348	214	44	china	china	PROPN
ajfa-14348	214	45	’s	’s	PART
ajfa-14348	214	46	stock	stock	NOUN
ajfa-14348	214	47	market	market	NOUN
ajfa-14348	214	48	.	.	PUNCT
ajfa-14348	215	1	references	reference	NOUN
ajfa-14348	215	2	chen	chen	PROPN
ajfa-14348	215	3	,	,	PUNCT
ajfa-14348	215	4	n.	n.	PROPN
ajfa-14348	215	5	f.	f.	PROPN
ajfa-14348	215	6	,	,	PUNCT
ajfa-14348	215	7	roll	roll	PROPN
ajfa-14348	215	8	,	,	PUNCT
ajfa-14348	215	9	r.	r.	PROPN
ajfa-14348	215	10	,	,	PUNCT
ajfa-14348	215	11	&	&	CCONJ
ajfa-14348	215	12	ross	ross	PROPN
ajfa-14348	215	13	,	,	PUNCT
ajfa-14348	215	14	s.	s.	PROPN
ajfa-14348	215	15	a.	a.	PROPN
ajfa-14348	215	16	(	(	PUNCT
ajfa-14348	215	17	1986	1986	NUM
ajfa-14348	215	18	)	)	PUNCT
ajfa-14348	215	19	.	.	PUNCT
ajfa-14348	216	1	economic	economic	ADJ
ajfa-14348	216	2	forces	force	NOUN
ajfa-14348	216	3	and	and	CCONJ
ajfa-14348	216	4	the	the	DET
ajfa-14348	216	5	stock	stock	NOUN
ajfa-14348	216	6	market	market	NOUN
ajfa-14348	216	7	.	.	PUNCT
ajfa-14348	217	1	journal	journal	NOUN
ajfa-14348	217	2	of	of	ADP
ajfa-14348	217	3	business	business	NOUN
ajfa-14348	217	4	,	,	PUNCT
ajfa-14348	217	5	59(3	59(3	NUM
ajfa-14348	217	6	)	)	PUNCT
ajfa-14348	217	7	,	,	PUNCT
ajfa-14348	217	8	383	383	NUM
ajfa-14348	217	9	-	-	SYM
ajfa-14348	217	10	403	403	NUM
ajfa-14348	217	11	.	.	PUNCT
ajfa-14348	218	1	https://doi.org/10.1086/296344	https://doi.org/10.1086/296344	PROPN
ajfa-14348	218	2	dai	dai	PROPN
ajfa-14348	218	3	,	,	PUNCT
ajfa-14348	218	4	d.	d.	PROPN
ajfa-14348	218	5	(	(	PUNCT
ajfa-14348	218	6	2014	2014	NUM
ajfa-14348	218	7	)	)	PUNCT
ajfa-14348	218	8	.	.	PUNCT
ajfa-14348	219	1	the	the	DET
ajfa-14348	219	2	impact	impact	NOUN
ajfa-14348	219	3	of	of	ADP
ajfa-14348	219	4	international	international	ADJ
ajfa-14348	219	5	crude	crude	ADJ
ajfa-14348	219	6	oil	oil	NOUN
ajfa-14348	219	7	futures	future	NOUN
ajfa-14348	219	8	price	price	NOUN
ajfa-14348	219	9	change	change	NOUN
ajfa-14348	219	10	on	on	ADP
ajfa-14348	219	11	china	china	PROPN
ajfa-14348	219	12	’s	’s	PART
ajfa-14348	219	13	industrial	industrial	PROPN
ajfa-14348	219	14	stock	stock	NOUN
ajfa-14348	219	15	index	index	NOUN
ajfa-14348	219	16	return	return	NOUN
ajfa-14348	219	17	.	.	PUNCT
ajfa-14348	220	1	inner	inner	PROPN
ajfa-14348	220	2	mongolia	mongolia	PROPN
ajfa-14348	220	3	university	university	PROPN
ajfa-14348	220	4	.	.	PUNCT
ajfa-14348	221	1	ferson	ferson	PROPN
ajfa-14348	221	2	,	,	PUNCT
ajfa-14348	221	3	w.	w.	PROPN
ajfa-14348	221	4	e.	e.	PROPN
ajfa-14348	221	5	,	,	PUNCT
ajfa-14348	221	6	&	&	CCONJ
ajfa-14348	221	7	harvey	harvey	PROPN
ajfa-14348	221	8	,	,	PUNCT
ajfa-14348	221	9	c.	c.	PROPN
ajfa-14348	221	10	h.	h.	PROPN
ajfa-14348	221	11	(	(	PUNCT
ajfa-14348	221	12	1994	1994	NUM
ajfa-14348	221	13	)	)	PUNCT
ajfa-14348	221	14	.	.	PUNCT
ajfa-14348	222	1	sources	source	NOUN
ajfa-14348	222	2	of	of	ADP
ajfa-14348	222	3	risk	risk	NOUN
ajfa-14348	222	4	and	and	CCONJ
ajfa-14348	222	5	expected	expect	VERB
ajfa-14348	222	6	returns	return	NOUN
ajfa-14348	222	7	in	in	ADP
ajfa-14348	222	8	global	global	ADJ
ajfa-14348	222	9	equity	equity	NOUN
ajfa-14348	222	10	markets	market	NOUN
ajfa-14348	222	11	.	.	PUNCT
ajfa-14348	223	1	journal	journal	NOUN
ajfa-14348	223	2	of	of	ADP
ajfa-14348	223	3	banking	banking	NOUN
ajfa-14348	223	4	and	and	CCONJ
ajfa-14348	223	5	finance	finance	NOUN
ajfa-14348	223	6	,	,	PUNCT
ajfa-14348	223	7	18(4	18(4	NUM
ajfa-14348	223	8	)	)	PUNCT
ajfa-14348	223	9	,	,	PUNCT
ajfa-14348	223	10	775	775	NUM
ajfa-14348	223	11	-	-	SYM
ajfa-14348	223	12	803	803	NUM
ajfa-14348	223	13	.	.	PUNCT
ajfa-14348	224	1	https://doi.org/10.1016/0378-4266(93)00020-p	https://doi.org/10.1016/0378-4266(93)00020-p	PROPN
ajfa-14348	224	2	asian	asian	PROPN
ajfa-14348	224	3	journal	journal	PROPN
ajfa-14348	224	4	of	of	ADP
ajfa-14348	224	5	finance	finance	PROPN
ajfa-14348	224	6	&	&	CCONJ
ajfa-14348	224	7	accounting	accounting	PROPN
ajfa-14348	224	8	issn	issn	PROPN
ajfa-14348	224	9	1946	1946	NUM
ajfa-14348	224	10	-	-	PUNCT
ajfa-14348	224	11	052x	052x	PROPN
ajfa-14348	224	12	2019	2019	NUM
ajfa-14348	224	13	,	,	PUNCT
ajfa-14348	224	14	vol	vol	NOUN
ajfa-14348	224	15	.	.	PROPN
ajfa-14348	224	16	11	11	NUM
ajfa-14348	224	17	,	,	PUNCT
ajfa-14348	224	18	no	no	INTJ
ajfa-14348	224	19	.	.	NOUN
ajfa-14348	224	20	1	1	NUM
ajfa-14348	224	21	ajfa.macrothink.org	ajfa.macrothink.org	PROPN
ajfa-14348	224	22	81	81	NUM
ajfa-14348	224	23	fried	fry	VERB
ajfa-14348	224	24	,	,	PUNCT
ajfa-14348	224	25	e.r	e.r	PROPN
ajfa-14348	224	26	.	.	PROPN
ajfa-14348	224	27	,	,	PUNCT
ajfa-14348	224	28	&	&	CCONJ
ajfa-14348	224	29	schultze	schultze	PROPN
ajfa-14348	224	30	,	,	PUNCT
ajfa-14348	224	31	c.	c.	PROPN
ajfa-14348	224	32	l.	l.	PROPN
ajfa-14348	224	33	(	(	PUNCT
ajfa-14348	224	34	1975	1975	NUM
ajfa-14348	224	35	)	)	PUNCT
ajfa-14348	224	36	.	.	PUNCT
ajfa-14348	225	1	higher	high	ADJ
ajfa-14348	225	2	oil	oil	NOUN
ajfa-14348	225	3	prices	price	NOUN
ajfa-14348	225	4	and	and	CCONJ
ajfa-14348	225	5	the	the	DET
ajfa-14348	225	6	world	world	NOUN
ajfa-14348	225	7	economy	economy	NOUN
ajfa-14348	225	8	:	:	PUNCT
ajfa-14348	225	9	the	the	DET
ajfa-14348	225	10	adjustment	adjustment	NOUN
ajfa-14348	225	11	problem	problem	NOUN
ajfa-14348	225	12	.	.	PUNCT
ajfa-14348	226	1	the	the	DET
ajfa-14348	226	2	brookings	brookings	PROPN
ajfa-14348	226	3	institution	institution	PROPN
ajfa-14348	226	4	press	press	NOUN
ajfa-14348	226	5	.	.	PUNCT
ajfa-14348	227	1	p.105	p.105	PROPN
ajfa-14348	227	2	.	.	PUNCT
ajfa-14348	228	1	hamao	hamao	PROPN
ajfa-14348	228	2	,	,	PUNCT
ajfa-14348	228	3	y.	y.	PROPN
ajfa-14348	228	4	,	,	PUNCT
ajfa-14348	228	5	masulis	masulis	PROPN
ajfa-14348	228	6	,	,	PUNCT
ajfa-14348	228	7	r.	r.	PROPN
ajfa-14348	228	8	w.	w.	PROPN
ajfa-14348	228	9	,	,	PUNCT
ajfa-14348	228	10	&	&	CCONJ
ajfa-14348	228	11	ng	ng	PROPN
ajfa-14348	228	12	,	,	PUNCT
ajfa-14348	228	13	v.	v.	PROPN
ajfa-14348	228	14	(	(	PUNCT
ajfa-14348	228	15	1990	1990	NUM
ajfa-14348	228	16	)	)	PUNCT
ajfa-14348	228	17	.	.	PUNCT
ajfa-14348	229	1	correlations	correlation	NOUN
ajfa-14348	229	2	in	in	ADP
ajfa-14348	229	3	price	price	NOUN
ajfa-14348	229	4	changes	change	NOUN
ajfa-14348	229	5	and	and	CCONJ
ajfa-14348	229	6	volatility	volatility	NOUN
ajfa-14348	229	7	across	across	ADP
ajfa-14348	229	8	international	international	ADJ
ajfa-14348	229	9	stock	stock	NOUN
ajfa-14348	229	10	markets	market	NOUN
ajfa-14348	229	11	.	.	PUNCT
ajfa-14348	230	1	review	review	NOUN
ajfa-14348	230	2	of	of	ADP
ajfa-14348	230	3	financial	financial	ADJ
ajfa-14348	230	4	studies	study	NOUN
ajfa-14348	230	5	,	,	PUNCT
ajfa-14348	230	6	3(2	3(2	NUM
ajfa-14348	230	7	)	)	PUNCT
ajfa-14348	230	8	,	,	PUNCT
ajfa-14348	230	9	281	281	NUM
ajfa-14348	230	10	-	-	SYM
ajfa-14348	230	11	307	307	NUM
ajfa-14348	230	12	.	.	PUNCT
ajfa-14348	230	13	https://doi.org/10.1093/rfs/3.2.281	https://doi.org/10.1093/rfs/3.2.281	PROPN
ajfa-14348	230	14	hamilton	hamilton	PROPN
ajfa-14348	230	15	,	,	PUNCT
ajfa-14348	230	16	j.	j.	PROPN
ajfa-14348	230	17	d.	d.	PROPN
ajfa-14348	230	18	(	(	PUNCT
ajfa-14348	230	19	1983	1983	NUM
ajfa-14348	230	20	)	)	PUNCT
ajfa-14348	230	21	.	.	PUNCT
ajfa-14348	231	1	oil	oil	NOUN
ajfa-14348	231	2	and	and	CCONJ
ajfa-14348	231	3	the	the	DET
ajfa-14348	231	4	macroeconomy	macroeconomy	NOUN
ajfa-14348	231	5	since	since	SCONJ
ajfa-14348	231	6	world	world	PROPN
ajfa-14348	231	7	war	war	PROPN
ajfa-14348	231	8	ii	ii	PROPN
ajfa-14348	231	9	.	.	PUNCT
ajfa-14348	231	10	journal	journal	PROPN
ajfa-14348	231	11	of	of	ADP
ajfa-14348	231	12	political	political	ADJ
ajfa-14348	231	13	economy	economy	NOUN
ajfa-14348	231	14	,	,	PUNCT
ajfa-14348	231	15	91(2	91(2	NUM
ajfa-14348	231	16	)	)	PUNCT
ajfa-14348	231	17	,	,	PUNCT
ajfa-14348	231	18	228	228	NUM
ajfa-14348	231	19	-	-	SYM
ajfa-14348	231	20	248	248	NUM
ajfa-14348	231	21	.	.	PUNCT
ajfa-14348	232	1	https://doi.org/10.1086/261140	https://doi.org/10.1086/261140	PROPN
ajfa-14348	232	2	huang	huang	PROPN
ajfa-14348	232	3	,	,	PUNCT
ajfa-14348	232	4	r.	r.	PROPN
ajfa-14348	232	5	d.	d.	PROPN
ajfa-14348	232	6	,	,	PUNCT
ajfa-14348	232	7	masulis	masulis	PROPN
ajfa-14348	232	8	,	,	PUNCT
ajfa-14348	232	9	r.	r.	PROPN
ajfa-14348	232	10	w.	w.	PROPN
ajfa-14348	232	11	,	,	PUNCT
ajfa-14348	232	12	&	&	CCONJ
ajfa-14348	232	13	stoll	stoll	PROPN
ajfa-14348	232	14	,	,	PUNCT
ajfa-14348	232	15	h.	h.	PROPN
ajfa-14348	232	16	r.	r.	PROPN
ajfa-14348	232	17	(	(	PUNCT
ajfa-14348	232	18	1996	1996	NUM
ajfa-14348	232	19	)	)	PUNCT
ajfa-14348	232	20	.	.	PUNCT
ajfa-14348	233	1	energy	energy	NOUN
ajfa-14348	233	2	shocks	shock	NOUN
ajfa-14348	233	3	and	and	CCONJ
ajfa-14348	233	4	financial	financial	ADJ
ajfa-14348	233	5	markets	market	NOUN
ajfa-14348	233	6	.	.	PUNCT
ajfa-14348	234	1	journal	journal	PROPN
ajfa-14348	234	2	of	of	ADP
ajfa-14348	234	3	futures	future	NOUN
ajfa-14348	234	4	markets	market	NOUN
ajfa-14348	234	5	,	,	PUNCT
ajfa-14348	234	6	16(1	16(1	NUM
ajfa-14348	234	7	)	)	PUNCT
ajfa-14348	234	8	,	,	PUNCT
ajfa-14348	234	9	1	1	NUM
ajfa-14348	234	10	-	-	SYM
ajfa-14348	234	11	27	27	NUM
ajfa-14348	234	12	.	.	PUNCT
ajfa-14348	235	1	https://doi.org/10.1002/(sici)1096-9934(199602)16:1<1::aid-fut1>3.0.co;2-q	https://doi.org/10.1002/(sici)1096-9934(199602)16:1<1::aid-fut1>3.0.co;2-q	X
ajfa-14348	235	2	jin	jin	PROPN
ajfa-14348	235	3	,	,	PUNCT
ajfa-14348	235	4	h.	h.	PROPN
ajfa-14348	235	5	,	,	PUNCT
ajfa-14348	235	6	&	&	CCONJ
ajfa-14348	235	7	jin	jin	PROPN
ajfa-14348	235	8	,	,	PUNCT
ajfa-14348	235	9	q.	q.	PROPN
ajfa-14348	235	10	(	(	PUNCT
ajfa-14348	235	11	2010	2010	NUM
ajfa-14348	235	12	)	)	PUNCT
ajfa-14348	235	13	the	the	DET
ajfa-14348	235	14	impact	impact	NOUN
ajfa-14348	235	15	of	of	ADP
ajfa-14348	235	16	international	international	ADJ
ajfa-14348	235	17	oil	oil	NOUN
ajfa-14348	235	18	price	price	NOUN
ajfa-14348	235	19	on	on	ADP
ajfa-14348	235	20	china	china	PROPN
ajfa-14348	235	21	’s	’s	PART
ajfa-14348	235	22	stock	stock	NOUN
ajfa-14348	235	23	market	market	NOUN
ajfa-14348	235	24	:	:	PUNCT
ajfa-14348	235	25	empirical	empirical	ADJ
ajfa-14348	235	26	analysis	analysis	NOUN
ajfa-14348	235	27	based	base	VERB
ajfa-14348	235	28	on	on	ADP
ajfa-14348	235	29	industry	industry	NOUN
ajfa-14348	235	30	data	datum	NOUN
ajfa-14348	235	31	(	(	PUNCT
ajfa-14348	235	32	in	in	ADP
ajfa-14348	235	33	chinese	chinese	PROPN
ajfa-14348	235	34	)	)	PUNCT
ajfa-14348	235	35	.	.	PUNCT
ajfa-14348	236	1	financial	financial	ADJ
ajfa-14348	236	2	research	research	NOUN
ajfa-14348	236	3	,	,	PUNCT
ajfa-14348	236	4	2010(2	2010(2	PROPN
ajfa-14348	236	5	)	)	PUNCT
ajfa-14348	236	6	,	,	PUNCT
ajfa-14348	236	7	173	173	NUM
ajfa-14348	236	8	-	-	SYM
ajfa-14348	236	9	187	187	NUM
ajfa-14348	236	10	.	.	PUNCT
ajfa-14348	237	1	jones	jones	PROPN
ajfa-14348	237	2	,	,	PUNCT
ajfa-14348	237	3	c.	c.	PROPN
ajfa-14348	237	4	m.	m.	PROPN
ajfa-14348	237	5	,	,	PUNCT
ajfa-14348	237	6	&	&	CCONJ
ajfa-14348	237	7	kaul	kaul	PROPN
ajfa-14348	237	8	,	,	PUNCT
ajfa-14348	237	9	g.	g.	PROPN
ajfa-14348	237	10	(	(	PUNCT
ajfa-14348	237	11	1996	1996	NUM
ajfa-14348	237	12	)	)	PUNCT
ajfa-14348	237	13	.	.	PUNCT
ajfa-14348	238	1	oil	oil	NOUN
ajfa-14348	238	2	and	and	CCONJ
ajfa-14348	238	3	the	the	DET
ajfa-14348	238	4	stock	stock	NOUN
ajfa-14348	238	5	markets	market	NOUN
ajfa-14348	238	6	.	.	PUNCT
ajfa-14348	239	1	journal	journal	PROPN
ajfa-14348	239	2	of	of	ADP
ajfa-14348	239	3	finance	finance	NOUN
ajfa-14348	239	4	,	,	PUNCT
ajfa-14348	239	5	51(2	51(2	NUM
ajfa-14348	239	6	)	)	PUNCT
ajfa-14348	239	7	,	,	PUNCT
ajfa-14348	239	8	463	463	NUM
ajfa-14348	239	9	-	-	SYM
ajfa-14348	239	10	491	491	NUM
ajfa-14348	239	11	.	.	PUNCT
ajfa-14348	240	1	https://doi.org/10.1111/j.1540-6261.1996.tb02691.x	https://doi.org/10.1111/j.1540-6261.1996.tb02691.x	PROPN
ajfa-14348	240	2	lao	lao	PROPN
ajfa-14348	240	3	,	,	PUNCT
ajfa-14348	240	4	j.	j.	PROPN
ajfa-14348	240	5	(	(	PUNCT
ajfa-14348	240	6	2008	2008	NUM
ajfa-14348	240	7	)	)	PUNCT
ajfa-14348	240	8	.	.	PUNCT
ajfa-14348	241	1	does	do	AUX
ajfa-14348	241	2	oil	oil	NOUN
ajfa-14348	241	3	price	price	NOUN
ajfa-14348	241	4	have	have	VERB
ajfa-14348	241	5	an	an	DET
ajfa-14348	241	6	impact	impact	NOUN
ajfa-14348	241	7	on	on	ADP
ajfa-14348	241	8	the	the	DET
ajfa-14348	241	9	shanghai	shanghai	PROPN
ajfa-14348	241	10	composite	composite	PROPN
ajfa-14348	241	11	index	index	NOUN
ajfa-14348	241	12	?	?	PUNCT
ajfa-14348	242	1	an	an	DET
ajfa-14348	242	2	empirical	empirical	ADJ
ajfa-14348	242	3	analysis	analysis	NOUN
ajfa-14348	242	4	based	base	VERB
ajfa-14348	242	5	on	on	ADP
ajfa-14348	242	6	data	datum	NOUN
ajfa-14348	242	7	from	from	ADP
ajfa-14348	242	8	2000	2000	NUM
ajfa-14348	242	9	to	to	ADP
ajfa-14348	242	10	2007	2007	NUM
ajfa-14348	242	11	(	(	PUNCT
ajfa-14348	242	12	in	in	ADP
ajfa-14348	242	13	chinese	chinese	PROPN
ajfa-14348	242	14	)	)	PUNCT
ajfa-14348	242	15	.	.	PUNCT
ajfa-14348	243	1	world	world	PROPN
ajfa-14348	243	2	economic	economic	ADJ
ajfa-14348	243	3	situation	situation	NOUN
ajfa-14348	243	4	,	,	PUNCT
ajfa-14348	243	5	2008(5	2008(5	PROPN
ajfa-14348	243	6	)	)	PUNCT
ajfa-14348	243	7	,	,	PUNCT
ajfa-14348	243	8	71	71	NUM
ajfa-14348	243	9	-	-	SYM
ajfa-14348	243	10	76	76	NUM
ajfa-14348	243	11	.	.	PUNCT
ajfa-14348	244	1	leblanc	leblanc	PROPN
ajfa-14348	244	2	,	,	PUNCT
ajfa-14348	244	3	m.	m.	NOUN
ajfa-14348	244	4	,	,	PUNCT
ajfa-14348	244	5	&	&	CCONJ
ajfa-14348	244	6	chinn	chinn	PROPN
ajfa-14348	244	7	,	,	PUNCT
ajfa-14348	244	8	m.	m.	NOUN
ajfa-14348	244	9	d.	d.	PROPN
ajfa-14348	244	10	(	(	PUNCT
ajfa-14348	244	11	2004	2004	NUM
ajfa-14348	244	12	)	)	PUNCT
ajfa-14348	244	13	.	.	PUNCT
ajfa-14348	245	1	do	do	AUX
ajfa-14348	245	2	high	high	ADJ
ajfa-14348	245	3	oil	oil	NOUN
ajfa-14348	245	4	prices	price	NOUN
ajfa-14348	245	5	presage	presage	VERB
ajfa-14348	245	6	inflation	inflation	NOUN
ajfa-14348	245	7	?	?	PUNCT
ajfa-14348	246	1	the	the	DET
ajfa-14348	246	2	evidence	evidence	NOUN
ajfa-14348	246	3	from	from	ADP
ajfa-14348	246	4	g-5	g-5	PROPN
ajfa-14348	246	5	countries	country	NOUN
ajfa-14348	246	6	.	.	PUNCT
ajfa-14348	247	1	santa	santa	PROPN
ajfa-14348	247	2	cruz	cruz	PROPN
ajfa-14348	247	3	center	center	PROPN
ajfa-14348	247	4	for	for	ADP
ajfa-14348	247	5	international	international	ADJ
ajfa-14348	247	6	economics	economic	NOUN
ajfa-14348	247	7	working	working	NOUN
ajfa-14348	247	8	paper	paper	NOUN
ajfa-14348	247	9	,	,	PUNCT
ajfa-14348	247	10	39(2	39(2	NUM
ajfa-14348	247	11	)	)	PUNCT
ajfa-14348	247	12	,	,	PUNCT
ajfa-14348	247	13	38	38	NUM
ajfa-14348	247	14	-	-	SYM
ajfa-14348	247	15	48	48	NUM
ajfa-14348	247	16	.	.	PUNCT
ajfa-14348	248	1	https://doi.org/10.2139/ssrn.509262	https://doi.org/10.2139/ssrn.509262	PUNCT
ajfa-14348	248	2	mork	mork	PROPN
ajfa-14348	248	3	,	,	PUNCT
ajfa-14348	248	4	k.	k.	PROPN
ajfa-14348	248	5	a.	a.	PROPN
ajfa-14348	248	6	(	(	PUNCT
ajfa-14348	248	7	1989	1989	NUM
ajfa-14348	248	8	)	)	PUNCT
ajfa-14348	248	9	.	.	PUNCT
ajfa-14348	249	1	oil	oil	NOUN
ajfa-14348	249	2	and	and	CCONJ
ajfa-14348	249	3	the	the	DET
ajfa-14348	249	4	macroeconomy	macroeconomy	NOUN
ajfa-14348	249	5	when	when	SCONJ
ajfa-14348	249	6	prices	price	NOUN
ajfa-14348	249	7	go	go	VERB
ajfa-14348	249	8	up	up	ADV
ajfa-14348	249	9	and	and	CCONJ
ajfa-14348	249	10	down	down	ADV
ajfa-14348	249	11	:	:	PUNCT
ajfa-14348	249	12	an	an	DET
ajfa-14348	249	13	extension	extension	NOUN
ajfa-14348	249	14	of	of	ADP
ajfa-14348	249	15	hamilton	hamilton	PROPN
ajfa-14348	249	16	’s	’s	PART
ajfa-14348	249	17	results	result	NOUN
ajfa-14348	249	18	.	.	PUNCT
ajfa-14348	250	1	journal	journal	NOUN
ajfa-14348	250	2	of	of	ADP
ajfa-14348	250	3	political	political	ADJ
ajfa-14348	250	4	economics	economic	NOUN
ajfa-14348	250	5	,	,	PUNCT
ajfa-14348	250	6	97(3	97(3	NUM
ajfa-14348	250	7	)	)	PUNCT
ajfa-14348	250	8	,	,	PUNCT
ajfa-14348	250	9	740	740	NUM
ajfa-14348	250	10	-	-	SYM
ajfa-14348	250	11	744	744	NUM
ajfa-14348	250	12	.	.	PUNCT
ajfa-14348	251	1	https://doi.org/10.1086/261625	https://doi.org/10.1086/261625	NOUN
ajfa-14348	251	2	qi	qi	PROPN
ajfa-14348	251	3	,	,	PUNCT
ajfa-14348	251	4	q.	q.	PROPN
ajfa-14348	251	5	,	,	PUNCT
ajfa-14348	251	6	&	&	CCONJ
ajfa-14348	251	7	zhu	zhu	PROPN
ajfa-14348	251	8	,	,	PUNCT
ajfa-14348	251	9	h.	h.	PROPN
ajfa-14348	251	10	(	(	PUNCT
ajfa-14348	251	11	2011	2011	NUM
ajfa-14348	251	12	)	)	PUNCT
ajfa-14348	251	13	.	.	PUNCT
ajfa-14348	252	1	econometrics	econometrics	NOUN
ajfa-14348	252	2	study	study	NOUN
ajfa-14348	252	3	of	of	ADP
ajfa-14348	252	4	relationship	relationship	NOUN
ajfa-14348	252	5	between	between	ADP
ajfa-14348	252	6	international	international	ADJ
ajfa-14348	252	7	oil	oil	NOUN
ajfa-14348	252	8	market	market	NOUN
ajfa-14348	252	9	and	and	CCONJ
ajfa-14348	252	10	stock	stock	NOUN
ajfa-14348	252	11	markets	market	NOUN
ajfa-14348	252	12	of	of	ADP
ajfa-14348	252	13	china	china	PROPN
ajfa-14348	252	14	and	and	CCONJ
ajfa-14348	252	15	usa	usa	PROPN
ajfa-14348	252	16	(	(	PUNCT
ajfa-14348	252	17	in	in	ADP
ajfa-14348	252	18	chinese	chinese	PROPN
ajfa-14348	252	19	)	)	PUNCT
ajfa-14348	252	20	.	.	PUNCT
ajfa-14348	253	1	financial	financial	ADJ
ajfa-14348	253	2	theory	theory	NOUN
ajfa-14348	253	3	and	and	CCONJ
ajfa-14348	253	4	practice	practice	NOUN
ajfa-14348	253	5	,	,	PUNCT
ajfa-14348	253	6	2011(7	2011(7	NUM
ajfa-14348	253	7	)	)	PUNCT
ajfa-14348	253	8	,	,	PUNCT
ajfa-14348	253	9	82	82	NUM
ajfa-14348	253	10	-	-	SYM
ajfa-14348	253	11	87	87	NUM
ajfa-14348	253	12	.	.	PUNCT
ajfa-14348	254	1	sadorsky	sadorsky	PROPN
ajfa-14348	254	2	,	,	PUNCT
ajfa-14348	254	3	p.	p.	NOUN
ajfa-14348	254	4	(	(	PUNCT
ajfa-14348	254	5	2001	2001	NUM
ajfa-14348	254	6	)	)	PUNCT
ajfa-14348	254	7	.	.	PUNCT
ajfa-14348	255	1	risk	risk	NOUN
ajfa-14348	255	2	factors	factor	NOUN
ajfa-14348	255	3	in	in	ADP
ajfa-14348	255	4	stock	stock	NOUN
ajfa-14348	255	5	returns	return	NOUN
ajfa-14348	255	6	of	of	ADP
ajfa-14348	255	7	canadian	canadian	ADJ
ajfa-14348	255	8	oil	oil	NOUN
ajfa-14348	255	9	and	and	CCONJ
ajfa-14348	255	10	gas	gas	NOUN
ajfa-14348	255	11	companies	company	NOUN
ajfa-14348	255	12	.	.	PUNCT
ajfa-14348	256	1	energy	energy	NOUN
ajfa-14348	256	2	economics	economic	NOUN
ajfa-14348	256	3	,	,	PUNCT
ajfa-14348	256	4	23(1	23(1	NUM
ajfa-14348	256	5	)	)	PUNCT
ajfa-14348	256	6	,	,	PUNCT
ajfa-14348	256	7	17	17	NUM
ajfa-14348	256	8	-	-	SYM
ajfa-14348	256	9	28	28	NUM
ajfa-14348	256	10	.	.	PUNCT
ajfa-14348	257	1	https://doi.org/10.1016/s0140-9883(00)00072-4	https://doi.org/10.1016/s0140-9883(00)00072-4	PROPN
ajfa-14348	257	2	zhang	zhang	PROPN
ajfa-14348	257	3	,	,	PUNCT
ajfa-14348	257	4	h.	h.	PROPN
ajfa-14348	257	5	(	(	PUNCT
ajfa-14348	257	6	2013	2013	NUM
ajfa-14348	257	7	)	)	PUNCT
ajfa-14348	257	8	.	.	PUNCT
ajfa-14348	258	1	a	a	DET
ajfa-14348	258	2	comparative	comparative	ADJ
ajfa-14348	258	3	study	study	NOUN
ajfa-14348	258	4	of	of	ADP
ajfa-14348	258	5	the	the	DET
ajfa-14348	258	6	impact	impact	NOUN
ajfa-14348	258	7	of	of	ADP
ajfa-14348	258	8	crude	crude	ADJ
ajfa-14348	258	9	oil	oil	NOUN
ajfa-14348	258	10	price	price	NOUN
ajfa-14348	258	11	fluctuations	fluctuation	NOUN
ajfa-14348	258	12	on	on	ADP
ajfa-14348	258	13	stock	stock	NOUN
ajfa-14348	258	14	prices	price	NOUN
ajfa-14348	258	15	:	:	PUNCT
ajfa-14348	258	16	perspective	perspective	NOUN
ajfa-14348	258	17	of	of	ADP
ajfa-14348	258	18	different	different	ADJ
ajfa-14348	258	19	industries	industry	NOUN
ajfa-14348	258	20	and	and	CCONJ
ajfa-14348	258	21	periods	period	NOUN
ajfa-14348	258	22	(	(	PUNCT
ajfa-14348	258	23	in	in	ADP
ajfa-14348	258	24	chinese	chinese	PROPN
ajfa-14348	258	25	)	)	PUNCT
ajfa-14348	258	26	.	.	PUNCT
ajfa-14348	259	1	zhejiang	zhejiang	PROPN
ajfa-14348	259	2	university	university	PROPN
ajfa-14348	259	3	of	of	ADP
ajfa-14348	259	4	technology	technology	PROPN
ajfa-14348	259	5	.	.	PUNCT
ajfa-14348	260	1	zhang	zhang	PROPN
ajfa-14348	260	2	,	,	PUNCT
ajfa-14348	260	3	x.	x.	PROPN
ajfa-14348	260	4	,	,	PUNCT
ajfa-14348	260	5	&	&	CCONJ
ajfa-14348	260	6	wang	wang	PROPN
ajfa-14348	260	7	,	,	PUNCT
ajfa-14348	260	8	j.	j.	PROPN
ajfa-14348	260	9	(	(	PUNCT
ajfa-14348	260	10	2013	2013	NUM
ajfa-14348	260	11	)	)	PUNCT
ajfa-14348	260	12	.	.	PUNCT
ajfa-14348	261	1	international	international	ADJ
ajfa-14348	261	2	comparison	comparison	NOUN
ajfa-14348	261	3	of	of	ADP
ajfa-14348	261	4	the	the	DET
ajfa-14348	261	5	impact	impact	NOUN
ajfa-14348	261	6	of	of	ADP
ajfa-14348	261	7	crude	crude	ADJ
ajfa-14348	261	8	oil	oil	NOUN
ajfa-14348	261	9	price	price	NOUN
ajfa-14348	261	10	on	on	ADP
ajfa-14348	261	11	stock	stock	NOUN
ajfa-14348	261	12	market	market	NOUN
ajfa-14348	261	13	(	(	PUNCT
ajfa-14348	261	14	in	in	ADP
ajfa-14348	261	15	chinese	chinese	PROPN
ajfa-14348	261	16	)	)	PUNCT
ajfa-14348	261	17	.	.	PUNCT
ajfa-14348	262	1	price	price	NOUN
ajfa-14348	262	2	theory	theory	NOUN
ajfa-14348	262	3	and	and	CCONJ
ajfa-14348	262	4	practice	practice	NOUN
ajfa-14348	262	5	,	,	PUNCT
ajfa-14348	262	6	2013(1	2013(1	NUM
ajfa-14348	262	7	)	)	PUNCT
ajfa-14348	262	8	,	,	PUNCT
ajfa-14348	262	9	75	75	NUM
ajfa-14348	262	10	-	-	SYM
ajfa-14348	262	11	76	76	NUM
ajfa-14348	262	12	.	.	PUNCT
ajfa-14348	263	1	zhu	zhu	PROPN
ajfa-14348	263	2	,	,	PUNCT
ajfa-14348	263	3	c.	c.	PROPN
ajfa-14348	263	4	(	(	PUNCT
ajfa-14348	263	5	2015	2015	NUM
ajfa-14348	263	6	)	)	PUNCT
ajfa-14348	263	7	.	.	PUNCT
ajfa-14348	264	1	spillover	spillover	VERB
ajfa-14348	264	2	effects	effect	NOUN
ajfa-14348	264	3	among	among	ADP
ajfa-14348	264	4	spot	spot	NOUN
ajfa-14348	264	5	market	market	NOUN
ajfa-14348	264	6	,	,	PUNCT
ajfa-14348	264	7	exchange	exchange	NOUN
ajfa-14348	264	8	rate	rate	NOUN
ajfa-14348	264	9	market	market	NOUN
ajfa-14348	264	10	,	,	PUNCT
ajfa-14348	264	11	and	and	CCONJ
ajfa-14348	264	12	stock	stock	NOUN
ajfa-14348	264	13	market	market	NOUN
ajfa-14348	264	14	with	with	ADP
ajfa-14348	264	15	crude	crude	ADJ
ajfa-14348	264	16	oil	oil	NOUN
ajfa-14348	264	17	futures(in	futures(in	PROPN
ajfa-14348	264	18	chinese	chinese	PROPN
ajfa-14348	264	19	)	)	PUNCT
ajfa-14348	264	20	.	.	PUNCT
ajfa-14348	265	1	ocean	ocean	PROPN
ajfa-14348	265	2	university	university	PROPN
ajfa-14348	265	3	of	of	ADP
ajfa-14348	265	4	china	china	PROPN
ajfa-14348	265	5	.	.	PUNCT
ajfa-14348	266	1	asian	asian	PROPN
ajfa-14348	266	2	journal	journal	PROPN
ajfa-14348	266	3	of	of	ADP
ajfa-14348	266	4	finance	finance	PROPN
ajfa-14348	266	5	&	&	CCONJ
ajfa-14348	266	6	accounting	accounting	PROPN
ajfa-14348	266	7	issn	issn	PROPN
ajfa-14348	266	8	1946	1946	NUM
ajfa-14348	266	9	-	-	PUNCT
ajfa-14348	266	10	052x	052x	PROPN
ajfa-14348	266	11	2019	2019	NUM
ajfa-14348	266	12	,	,	PUNCT
ajfa-14348	266	13	vol	vol	NOUN
ajfa-14348	266	14	.	.	PROPN
ajfa-14348	266	15	11	11	NUM
ajfa-14348	266	16	,	,	PUNCT
ajfa-14348	266	17	no	no	INTJ
ajfa-14348	266	18	.	.	NOUN
ajfa-14348	266	19	1	1	NUM
ajfa-14348	267	1	ajfa.macrothink.org	ajfa.macrothink.org	ADJ
ajfa-14348	267	2	82	82	NUM
ajfa-14348	267	3	zhuge	zhuge	NOUN
ajfa-14348	267	4	,	,	PUNCT
ajfa-14348	267	5	s.	s.	PROPN
ajfa-14348	267	6	,	,	PUNCT
ajfa-14348	267	7	&	&	CCONJ
ajfa-14348	267	8	hao	hao	PROPN
ajfa-14348	267	9	,	,	PUNCT
ajfa-14348	267	10	x.	x.	NOUN
ajfa-14348	267	11	(	(	PUNCT
ajfa-14348	267	12	2009	2009	NUM
ajfa-14348	267	13	)	)	PUNCT
ajfa-14348	267	14	.	.	PUNCT
ajfa-14348	268	1	oil	oil	NOUN
ajfa-14348	268	2	price	price	NOUN
ajfa-14348	268	3	shocks	shock	NOUN
ajfa-14348	268	4	at	at	ADP
ajfa-14348	268	5	home	home	NOUN
ajfa-14348	268	6	and	and	CCONJ
ajfa-14348	268	7	abroad	abroad	ADV
ajfa-14348	268	8	and	and	CCONJ
ajfa-14348	268	9	chinese	chinese	ADJ
ajfa-14348	268	10	stock	stock	NOUN
ajfa-14348	268	11	market	market	NOUN
ajfa-14348	268	12	(	(	PUNCT
ajfa-14348	268	13	in	in	ADP
ajfa-14348	268	14	chinese	chinese	PROPN
ajfa-14348	268	15	)	)	PUNCT
ajfa-14348	268	16	.	.	PUNCT
ajfa-14348	269	1	china	china	PROPN
ajfa-14348	269	2	price	price	PROPN
ajfa-14348	269	3	,	,	PUNCT
ajfa-14348	269	4	2009(6	2009(6	NUM
ajfa-14348	269	5	)	)	PUNCT
ajfa-14348	269	6	,	,	PUNCT
ajfa-14348	269	7	41	41	NUM
ajfa-14348	269	8	-	-	SYM
ajfa-14348	269	9	44	44	NUM
ajfa-14348	269	10	.	.	PUNCT