id	sid	tid	token	lemma	pos
ajfa-2027	1	1	microsoft	microsoft	PROPN
ajfa-2027	1	2	word	word	NOUN
ajfa-2027	1	3	2027	2027	NUM
ajfa-2027	1	4	-	-	SYM
ajfa-2027	1	5	7953	7953	NUM
ajfa-2027	1	6	-	-	PUNCT
ajfa-2027	1	7	1	1	NUM
ajfa-2027	1	8	-	-	PUNCT
ajfa-2027	1	9	sm	sm	NOUN
ajfa-2027	1	10	-	-	PUNCT
ajfa-2027	1	11	writer2	writer2	VERB
ajfa-2027	1	12	-	-	ADJ
ajfa-2027	1	13	new	new	ADJ
ajfa-2027	1	14	asian	asian	ADJ
ajfa-2027	1	15	journal	journal	NOUN
ajfa-2027	1	16	of	of	ADP
ajfa-2027	1	17	finance	finance	PROPN
ajfa-2027	1	18	&	&	CCONJ
ajfa-2027	1	19	accounting	accounting	PROPN
ajfa-2027	1	20	issn	issn	PROPN
ajfa-2027	1	21	1946	1946	NUM
ajfa-2027	1	22	-	-	PUNCT
ajfa-2027	1	23	052x	052x	NOUN
ajfa-2027	1	24	2012	2012	NUM
ajfa-2027	1	25	,	,	PUNCT
ajfa-2027	1	26	vol	vol	NOUN
ajfa-2027	1	27	.	.	PROPN
ajfa-2027	1	28	4	4	NUM
ajfa-2027	1	29	,	,	PUNCT
ajfa-2027	1	30	no	no	INTJ
ajfa-2027	1	31	.	.	NOUN
ajfa-2027	1	32	2	2	NUM
ajfa-2027	1	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2027	1	34	218	218	NUM
ajfa-2027	1	35	long	long	ADJ
ajfa-2027	1	36	memory	memory	NOUN
ajfa-2027	1	37	property	property	NOUN
ajfa-2027	1	38	in	in	ADP
ajfa-2027	1	39	return	return	NOUN
ajfa-2027	1	40	and	and	CCONJ
ajfa-2027	1	41	volatility	volatility	NOUN
ajfa-2027	1	42	:	:	PUNCT
ajfa-2027	1	43	evidence	evidence	NOUN
ajfa-2027	1	44	from	from	ADP
ajfa-2027	1	45	the	the	DET
ajfa-2027	1	46	indian	indian	ADJ
ajfa-2027	1	47	stock	stock	NOUN
ajfa-2027	1	48	markets	markets	PROPN
ajfa-2027	1	49	joshi	joshi	PROPN
ajfa-2027	1	50	prashant	prashant	PROPN
ajfa-2027	1	51	maheshchandra	maheshchandra	PROPN
ajfa-2027	1	52	professor	professor	PROPN
ajfa-2027	1	53	,	,	PUNCT
ajfa-2027	1	54	uka	uka	PROPN
ajfa-2027	1	55	tarsadia	tarsadia	PROPN
ajfa-2027	1	56	university	university	PROPN
ajfa-2027	1	57	maliba	maliba	PROPN
ajfa-2027	1	58	campus	campus	PROPN
ajfa-2027	1	59	,	,	PUNCT
ajfa-2027	1	60	gopal	gopal	ADJ
ajfa-2027	1	61	vidyanagar	vidyanagar	NOUN
ajfa-2027	1	62	,	,	PUNCT
ajfa-2027	1	63	bardoli	bardoli	PROPN
ajfa-2027	1	64	,	,	PUNCT
ajfa-2027	1	65	india	india	PROPN
ajfa-2027	1	66	e	e	PROPN
ajfa-2027	1	67	-	-	NOUN
ajfa-2027	1	68	mail	mail	NOUN
ajfa-2027	1	69	:	:	PUNCT
ajfa-2027	1	70	joshiprashantm@gmail.com	joshiprashantm@gmail.com	X
ajfa-2027	1	71	received	receive	VERB
ajfa-2027	1	72	:	:	PUNCT
ajfa-2027	1	73	july	july	PROPN
ajfa-2027	1	74	1	1	NUM
ajfa-2027	1	75	,	,	PUNCT
ajfa-2027	1	76	2012	2012	NUM
ajfa-2027	1	77	accepted	accept	VERB
ajfa-2027	1	78	:	:	PUNCT
ajfa-2027	1	79	august	august	PROPN
ajfa-2027	1	80	27	27	NUM
ajfa-2027	1	81	,	,	PUNCT
ajfa-2027	1	82	2012	2012	NUM
ajfa-2027	1	83	published	publish	VERB
ajfa-2027	1	84	:	:	PUNCT
ajfa-2027	1	85	december	december	PROPN
ajfa-2027	1	86	1	1	NUM
ajfa-2027	1	87	,	,	PUNCT
ajfa-2027	1	88	2012	2012	NUM
ajfa-2027	1	89	doi:10.5296	doi:10.5296	NOUN
ajfa-2027	1	90	/	/	SYM
ajfa-2027	1	91	ajfa.v4i2.2027	ajfa.v4i2.2027	PROPN
ajfa-2027	1	92	url	url	NOUN
ajfa-2027	1	93	:	:	PUNCT
ajfa-2027	1	94	http://dx.doi.org/10.5296/ajfa.v4i2.2027	http://dx.doi.org/10.5296/ajfa.v4i2.2027	PROPN
ajfa-2027	1	95	abstract	abstract	VERB
ajfa-2027	1	96	the	the	DET
ajfa-2027	1	97	paper	paper	NOUN
ajfa-2027	1	98	examines	examine	VERB
ajfa-2027	1	99	the	the	DET
ajfa-2027	1	100	existence	existence	NOUN
ajfa-2027	1	101	of	of	ADP
ajfa-2027	1	102	long	long	ADJ
ajfa-2027	1	103	memory	memory	NOUN
ajfa-2027	1	104	in	in	ADP
ajfa-2027	1	105	the	the	DET
ajfa-2027	1	106	indian	indian	ADJ
ajfa-2027	1	107	stock	stock	NOUN
ajfa-2027	1	108	market	market	NOUN
ajfa-2027	1	109	using	use	VERB
ajfa-2027	1	110	arfima	arfima	PROPN
ajfa-2027	1	111	,	,	PUNCT
ajfa-2027	1	112	figarch	figarch	NOUN
ajfa-2027	1	113	models	model	NOUN
ajfa-2027	1	114	.	.	PUNCT
ajfa-2027	2	1	the	the	DET
ajfa-2027	2	2	data	datum	NOUN
ajfa-2027	2	3	set	set	VERB
ajfa-2027	2	4	consists	consist	VERB
ajfa-2027	2	5	of	of	ADP
ajfa-2027	2	6	daily	daily	ADJ
ajfa-2027	2	7	return	return	NOUN
ajfa-2027	2	8	of	of	ADP
ajfa-2027	2	9	bse	bse	NOUN
ajfa-2027	2	10	and	and	CCONJ
ajfa-2027	2	11	nse	nse	NOUN
ajfa-2027	2	12	stock	stock	NOUN
ajfa-2027	2	13	indices	index	NOUN
ajfa-2027	2	14	and	and	CCONJ
ajfa-2027	2	15	long	long	ADJ
ajfa-2027	2	16	memory	memory	NOUN
ajfa-2027	2	17	tests	test	NOUN
ajfa-2027	2	18	are	be	AUX
ajfa-2027	2	19	carried	carry	VERB
ajfa-2027	2	20	out	out	ADP
ajfa-2027	2	21	both	both	PRON
ajfa-2027	2	22	for	for	ADP
ajfa-2027	2	23	the	the	DET
ajfa-2027	2	24	returns	return	NOUN
ajfa-2027	2	25	and	and	CCONJ
ajfa-2027	2	26	volatilities	volatility	NOUN
ajfa-2027	2	27	of	of	ADP
ajfa-2027	2	28	these	these	DET
ajfa-2027	2	29	series	series	NOUN
ajfa-2027	2	30	.	.	PUNCT
ajfa-2027	3	1	the	the	DET
ajfa-2027	3	2	results	result	NOUN
ajfa-2027	3	3	of	of	ADP
ajfa-2027	3	4	arfima	arfima	PROPN
ajfa-2027	3	5	model	model	NOUN
ajfa-2027	3	6	suggests	suggest	VERB
ajfa-2027	3	7	the	the	DET
ajfa-2027	3	8	absence	absence	NOUN
ajfa-2027	3	9	of	of	ADP
ajfa-2027	3	10	long	long	ADJ
ajfa-2027	3	11	memory	memory	NOUN
ajfa-2027	3	12	in	in	ADP
ajfa-2027	3	13	return	return	NOUN
ajfa-2027	3	14	series	series	NOUN
ajfa-2027	3	15	of	of	ADP
ajfa-2027	3	16	the	the	DET
ajfa-2027	3	17	indian	indian	ADJ
ajfa-2027	3	18	stock	stock	NOUN
ajfa-2027	3	19	market	market	NOUN
ajfa-2027	3	20	.	.	PUNCT
ajfa-2027	4	1	the	the	DET
ajfa-2027	4	2	results	result	NOUN
ajfa-2027	4	3	of	of	ADP
ajfa-2027	4	4	figarch	figarch	NOUN
ajfa-2027	4	5	model	model	NOUN
ajfa-2027	4	6	indicate	indicate	VERB
ajfa-2027	4	7	strong	strong	ADJ
ajfa-2027	4	8	evidence	evidence	NOUN
ajfa-2027	4	9	of	of	ADP
ajfa-2027	4	10	long	long	ADJ
ajfa-2027	4	11	memory	memory	NOUN
ajfa-2027	4	12	in	in	ADP
ajfa-2027	4	13	conditional	conditional	ADJ
ajfa-2027	4	14	variance	variance	NOUN
ajfa-2027	4	15	of	of	ADP
ajfa-2027	4	16	the	the	DET
ajfa-2027	4	17	stock	stock	NOUN
ajfa-2027	4	18	indices	index	NOUN
ajfa-2027	4	19	.	.	PUNCT
ajfa-2027	5	1	the	the	DET
ajfa-2027	5	2	long	long	ADJ
ajfa-2027	5	3	memory	memory	NOUN
ajfa-2027	5	4	property	property	NOUN
ajfa-2027	5	5	of	of	ADP
ajfa-2027	5	6	the	the	DET
ajfa-2027	5	7	bse	bse	NOUN
ajfa-2027	5	8	market	market	NOUN
ajfa-2027	5	9	is	be	AUX
ajfa-2027	5	10	revealed	reveal	VERB
ajfa-2027	5	11	to	to	PART
ajfa-2027	5	12	be	be	AUX
ajfa-2027	5	13	stronger	strong	ADJ
ajfa-2027	5	14	than	than	ADP
ajfa-2027	5	15	nse	nse	NOUN
ajfa-2027	5	16	.	.	PUNCT
ajfa-2027	6	1	keywords	keyword	NOUN
ajfa-2027	6	2	:	:	PUNCT
ajfa-2027	6	3	arfima	arfima	PROPN
ajfa-2027	6	4	,	,	PUNCT
ajfa-2027	6	5	garch	garch	NOUN
ajfa-2027	6	6	,	,	PUNCT
ajfa-2027	6	7	long	long	ADJ
ajfa-2027	6	8	memory	memory	NOUN
ajfa-2027	6	9	,	,	PUNCT
ajfa-2027	6	10	figarch	figarch	NOUN
ajfa-2027	6	11	jel	jel	PROPN
ajfa-2027	6	12	classification	classification	NOUN
ajfa-2027	6	13	:	:	PUNCT
ajfa-2027	6	14	c22	c22	NOUN
ajfa-2027	6	15	,	,	PUNCT
ajfa-2027	6	16	c50	c50	PROPN
ajfa-2027	6	17	asian	asian	PROPN
ajfa-2027	6	18	journal	journal	PROPN
ajfa-2027	6	19	of	of	ADP
ajfa-2027	6	20	finance	finance	PROPN
ajfa-2027	6	21	&	&	CCONJ
ajfa-2027	6	22	accounting	accounting	PROPN
ajfa-2027	6	23	issn	issn	PROPN
ajfa-2027	6	24	1946	1946	NUM
ajfa-2027	6	25	-	-	PUNCT
ajfa-2027	6	26	052x	052x	NOUN
ajfa-2027	6	27	2012	2012	NUM
ajfa-2027	6	28	,	,	PUNCT
ajfa-2027	6	29	vol	vol	NOUN
ajfa-2027	6	30	.	.	PROPN
ajfa-2027	6	31	4	4	NUM
ajfa-2027	6	32	,	,	PUNCT
ajfa-2027	6	33	no	no	INTJ
ajfa-2027	6	34	.	.	NOUN
ajfa-2027	6	35	2	2	NUM
ajfa-2027	6	36	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2027	6	37	219	219	NUM
ajfa-2027	6	38	1	1	NUM
ajfa-2027	6	39	.	.	PUNCT
ajfa-2027	7	1	introduction	introduction	NOUN
ajfa-2027	7	2	long	long	ADJ
ajfa-2027	7	3	memory	memory	NOUN
ajfa-2027	7	4	dynamics	dynamic	NOUN
ajfa-2027	7	5	are	be	AUX
ajfa-2027	7	6	important	important	ADJ
ajfa-2027	7	7	pointers	pointer	NOUN
ajfa-2027	7	8	for	for	ADP
ajfa-2027	7	9	identifying	identify	VERB
ajfa-2027	7	10	presence	presence	NOUN
ajfa-2027	7	11	of	of	ADP
ajfa-2027	7	12	nonlinear	nonlinear	ADJ
ajfa-2027	7	13	relations	relation	NOUN
ajfa-2027	7	14	in	in	ADP
ajfa-2027	7	15	conditional	conditional	ADJ
ajfa-2027	7	16	mean	mean	NOUN
ajfa-2027	7	17	and	and	CCONJ
ajfa-2027	7	18	variance	variance	NOUN
ajfa-2027	7	19	of	of	ADP
ajfa-2027	7	20	financial	financial	ADJ
ajfa-2027	7	21	time	time	NOUN
ajfa-2027	7	22	series	series	NOUN
ajfa-2027	7	23	.	.	PUNCT
ajfa-2027	8	1	the	the	DET
ajfa-2027	8	2	modelling	modelling	NOUN
ajfa-2027	8	3	of	of	ADP
ajfa-2027	8	4	stock	stock	NOUN
ajfa-2027	8	5	market	market	NOUN
ajfa-2027	8	6	volatility	volatility	NOUN
ajfa-2027	8	7	has	have	AUX
ajfa-2027	8	8	been	be	AUX
ajfa-2027	8	9	a	a	DET
ajfa-2027	8	10	considerable	considerable	ADJ
ajfa-2027	8	11	field	field	NOUN
ajfa-2027	8	12	of	of	ADP
ajfa-2027	8	13	research	research	NOUN
ajfa-2027	8	14	after	after	ADP
ajfa-2027	8	15	the	the	DET
ajfa-2027	8	16	introduction	introduction	NOUN
ajfa-2027	8	17	of	of	ADP
ajfa-2027	8	18	arch	arch	ADJ
ajfa-2027	8	19	and	and	CCONJ
ajfa-2027	8	20	garch	garch	NOUN
ajfa-2027	8	21	classes	class	NOUN
ajfa-2027	8	22	of	of	ADP
ajfa-2027	8	23	models	model	NOUN
ajfa-2027	8	24	by	by	ADP
ajfa-2027	8	25	engle(1982	engle(1982	X
ajfa-2027	8	26	)	)	PUNCT
ajfa-2027	8	27	and	and	CCONJ
ajfa-2027	8	28	bollerslev(1986	bollerslev(1986	NUM
ajfa-2027	8	29	)	)	PUNCT
ajfa-2027	8	30	.	.	PUNCT
ajfa-2027	9	1	it	it	PRON
ajfa-2027	9	2	has	have	AUX
ajfa-2027	9	3	been	be	AUX
ajfa-2027	9	4	found	find	VERB
ajfa-2027	9	5	that	that	SCONJ
ajfa-2027	9	6	stock	stock	NOUN
ajfa-2027	9	7	market	market	NOUN
ajfa-2027	9	8	volatility	volatility	NOUN
ajfa-2027	9	9	is	be	AUX
ajfa-2027	9	10	time	time	NOUN
ajfa-2027	9	11	varying	vary	VERB
ajfa-2027	9	12	and	and	CCONJ
ajfa-2027	9	13	exhibits	exhibit	VERB
ajfa-2027	9	14	positive	positive	ADJ
ajfa-2027	9	15	serial	serial	ADJ
ajfa-2027	9	16	correlation	correlation	NOUN
ajfa-2027	9	17	(	(	PUNCT
ajfa-2027	9	18	volatility	volatility	NOUN
ajfa-2027	9	19	clustering).this	clustering).this	NOUN
ajfa-2027	9	20	implies	imply	VERB
ajfa-2027	9	21	that	that	SCONJ
ajfa-2027	9	22	changes	change	NOUN
ajfa-2027	9	23	in	in	ADP
ajfa-2027	9	24	volatility	volatility	NOUN
ajfa-2027	9	25	are	be	AUX
ajfa-2027	9	26	non	non	ADJ
ajfa-2027	9	27	-	-	ADJ
ajfa-2027	9	28	random	random	ADJ
ajfa-2027	9	29	.	.	PUNCT
ajfa-2027	10	1	however	however	ADV
ajfa-2027	10	2	,	,	PUNCT
ajfa-2027	10	3	these	these	DET
ajfa-2027	10	4	models	model	NOUN
ajfa-2027	10	5	do	do	AUX
ajfa-2027	10	6	not	not	PART
ajfa-2027	10	7	account	account	VERB
ajfa-2027	10	8	for	for	ADP
ajfa-2027	10	9	long	long	ADJ
ajfa-2027	10	10	memory	memory	NOUN
ajfa-2027	10	11	in	in	ADP
ajfa-2027	10	12	volatility	volatility	NOUN
ajfa-2027	10	13	.	.	PUNCT
ajfa-2027	11	1	the	the	DET
ajfa-2027	11	2	long	long	ADJ
ajfa-2027	11	3	memory	memory	NOUN
ajfa-2027	11	4	is	be	AUX
ajfa-2027	11	5	often	often	ADV
ajfa-2027	11	6	found	find	VERB
ajfa-2027	11	7	in	in	ADP
ajfa-2027	11	8	conditional	conditional	ADJ
ajfa-2027	11	9	mean	mean	NOUN
ajfa-2027	11	10	and	and	CCONJ
ajfa-2027	11	11	variance	variance	NOUN
ajfa-2027	11	12	of	of	ADP
ajfa-2027	11	13	a	a	DET
ajfa-2027	11	14	financial	financial	ADJ
ajfa-2027	11	15	time	time	NOUN
ajfa-2027	11	16	series	series	NOUN
ajfa-2027	11	17	at	at	ADP
ajfa-2027	11	18	the	the	DET
ajfa-2027	11	19	same	same	ADJ
ajfa-2027	11	20	time	time	NOUN
ajfa-2027	11	21	.	.	PUNCT
ajfa-2027	12	1	slow	slow	ADJ
ajfa-2027	12	2	mean	mean	NOUN
ajfa-2027	12	3	-	-	PUNCT
ajfa-2027	12	4	reverting	revert	VERB
ajfa-2027	12	5	at	at	ADP
ajfa-2027	12	6	hyperbolic	hyperbolic	ADJ
ajfa-2027	12	7	rate	rate	NOUN
ajfa-2027	12	8	decay	decay	NOUN
ajfa-2027	12	9	in	in	ADP
ajfa-2027	12	10	autocorrelation	autocorrelation	NOUN
ajfa-2027	12	11	functions	function	NOUN
ajfa-2027	12	12	of	of	ADP
ajfa-2027	12	13	return	return	NOUN
ajfa-2027	12	14	and	and	CCONJ
ajfa-2027	12	15	volatility	volatility	NOUN
ajfa-2027	12	16	is	be	AUX
ajfa-2027	12	17	defined	define	VERB
ajfa-2027	12	18	as	as	ADP
ajfa-2027	12	19	long	long	ADJ
ajfa-2027	12	20	memory	memory	NOUN
ajfa-2027	12	21	in	in	ADP
ajfa-2027	12	22	return	return	NOUN
ajfa-2027	12	23	and	and	CCONJ
ajfa-2027	12	24	volatility	volatility	NOUN
ajfa-2027	12	25	.	.	PUNCT
ajfa-2027	13	1	based	base	VERB
ajfa-2027	13	2	on	on	ADP
ajfa-2027	13	3	this	this	DET
ajfa-2027	13	4	idea	idea	NOUN
ajfa-2027	13	5	,	,	PUNCT
ajfa-2027	13	6	the	the	DET
ajfa-2027	13	7	empirical	empirical	ADJ
ajfa-2027	13	8	works	work	NOUN
ajfa-2027	13	9	of	of	ADP
ajfa-2027	13	10	baillie	baillie	PROPN
ajfa-2027	13	11	,	,	PUNCT
ajfa-2027	13	12	han	han	PROPN
ajfa-2027	13	13	and	and	CCONJ
ajfa-2027	13	14	kwon(2002	kwon(2002	NOUN
ajfa-2027	13	15	)	)	PUNCT
ajfa-2027	13	16	and	and	CCONJ
ajfa-2027	13	17	beine	beine	NOUN
ajfa-2027	13	18	,	,	PUNCT
ajfa-2027	13	19	laurent	laurent	NOUN
ajfa-2027	13	20	and	and	CCONJ
ajfa-2027	13	21	lecourt	lecourt	PROPN
ajfa-2027	13	22	(	(	PUNCT
ajfa-2027	13	23	2003	2003	NUM
ajfa-2027	13	24	)	)	PUNCT
ajfa-2027	13	25	have	have	AUX
ajfa-2027	13	26	focussed	focusse	VERB
ajfa-2027	13	27	on	on	ADP
ajfa-2027	13	28	analysing	analyse	VERB
ajfa-2027	13	29	dual	dual	ADJ
ajfa-2027	13	30	long	long	ADJ
ajfa-2027	13	31	memory	memory	NOUN
ajfa-2027	13	32	property	property	NOUN
ajfa-2027	13	33	in	in	ADP
ajfa-2027	13	34	conditional	conditional	ADJ
ajfa-2027	13	35	mean	mean	NOUN
ajfa-2027	13	36	and	and	CCONJ
ajfa-2027	13	37	variance	variance	NOUN
ajfa-2027	13	38	.	.	PUNCT
ajfa-2027	14	1	the	the	DET
ajfa-2027	14	2	empirical	empirical	ADJ
ajfa-2027	14	3	findings	finding	NOUN
ajfa-2027	14	4	act	act	VERB
ajfa-2027	14	5	as	as	ADP
ajfa-2027	14	6	evidence	evidence	NOUN
ajfa-2027	14	7	for	for	ADP
ajfa-2027	14	8	presence	presence	NOUN
ajfa-2027	14	9	of	of	ADP
ajfa-2027	14	10	long	long	ADJ
ajfa-2027	14	11	memory	memory	NOUN
ajfa-2027	14	12	in	in	ADP
ajfa-2027	14	13	return	return	NOUN
ajfa-2027	14	14	and	and	CCONJ
ajfa-2027	14	15	volatility	volatility	NOUN
ajfa-2027	14	16	of	of	ADP
ajfa-2027	14	17	returns	return	NOUN
ajfa-2027	14	18	.	.	PUNCT
ajfa-2027	15	1	mendes	mende	NOUN
ajfa-2027	15	2	and	and	CCONJ
ajfa-2027	15	3	kolev(2006	kolev(2006	NOUN
ajfa-2027	15	4	)	)	PUNCT
ajfa-2027	15	5	found	find	VERB
ajfa-2027	15	6	that	that	SCONJ
ajfa-2027	15	7	the	the	DET
ajfa-2027	15	8	presence	presence	NOUN
ajfa-2027	15	9	of	of	ADP
ajfa-2027	15	10	long	long	ADJ
ajfa-2027	15	11	memory	memory	NOUN
ajfa-2027	15	12	in	in	ADP
ajfa-2027	15	13	conditional	conditional	ADJ
ajfa-2027	15	14	variance	variance	NOUN
ajfa-2027	15	15	hid	hide	VERB
ajfa-2027	15	16	its	its	PRON
ajfa-2027	15	17	true	true	ADJ
ajfa-2027	15	18	dependence	dependence	NOUN
ajfa-2027	15	19	structure	structure	NOUN
ajfa-2027	15	20	.	.	PUNCT
ajfa-2027	16	1	madlebrot(1971	madlebrot(1971	PRON
ajfa-2027	16	2	)	)	PUNCT
ajfa-2027	16	3	implied	imply	VERB
ajfa-2027	16	4	that	that	SCONJ
ajfa-2027	16	5	the	the	DET
ajfa-2027	16	6	perfect	perfect	ADJ
ajfa-2027	16	7	arbitrage	arbitrage	NOUN
ajfa-2027	16	8	was	be	AUX
ajfa-2027	16	9	not	not	PART
ajfa-2027	16	10	possible	possible	ADJ
ajfa-2027	16	11	when	when	SCONJ
ajfa-2027	16	12	returns	return	NOUN
ajfa-2027	16	13	displayed	display	VERB
ajfa-2027	16	14	a	a	DET
ajfa-2027	16	15	long	long	ADJ
ajfa-2027	16	16	-	-	PUNCT
ajfa-2027	16	17	range	range	NOUN
ajfa-2027	16	18	dependence	dependence	NOUN
ajfa-2027	16	19	.	.	PUNCT
ajfa-2027	17	1	the	the	DET
ajfa-2027	17	2	derivative	derivative	ADJ
ajfa-2027	17	3	pricing	pricing	NOUN
ajfa-2027	17	4	models	model	NOUN
ajfa-2027	17	5	become	become	VERB
ajfa-2027	17	6	ineffective	ineffective	ADJ
ajfa-2027	17	7	in	in	ADP
ajfa-2027	17	8	the	the	DET
ajfa-2027	17	9	presence	presence	NOUN
ajfa-2027	17	10	of	of	ADP
ajfa-2027	17	11	long	long	ADJ
ajfa-2027	17	12	-	-	PUNCT
ajfa-2027	17	13	range	range	NOUN
ajfa-2027	17	14	dependence	dependence	NOUN
ajfa-2027	17	15	.	.	PUNCT
ajfa-2027	18	1	hence	hence	ADV
ajfa-2027	18	2	,	,	PUNCT
ajfa-2027	18	3	the	the	DET
ajfa-2027	18	4	presence	presence	NOUN
ajfa-2027	18	5	of	of	ADP
ajfa-2027	18	6	long	long	ADJ
ajfa-2027	18	7	memory	memory	NOUN
ajfa-2027	18	8	has	have	VERB
ajfa-2027	18	9	important	important	ADJ
ajfa-2027	18	10	theoretical	theoretical	ADJ
ajfa-2027	18	11	and	and	CCONJ
ajfa-2027	18	12	practical	practical	ADJ
ajfa-2027	18	13	implications	implication	NOUN
ajfa-2027	18	14	.	.	PUNCT
ajfa-2027	19	1	the	the	DET
ajfa-2027	19	2	study	study	NOUN
ajfa-2027	19	3	of	of	ADP
ajfa-2027	19	4	long	long	ADJ
ajfa-2027	19	5	memory	memory	NOUN
ajfa-2027	19	6	property	property	NOUN
ajfa-2027	19	7	in	in	ADP
ajfa-2027	19	8	return	return	NOUN
ajfa-2027	19	9	and	and	CCONJ
ajfa-2027	19	10	volatility	volatility	NOUN
ajfa-2027	19	11	of	of	ADP
ajfa-2027	19	12	stock	stock	NOUN
ajfa-2027	19	13	markets	market	NOUN
ajfa-2027	19	14	of	of	ADP
ajfa-2027	19	15	india	india	PROPN
ajfa-2027	19	16	has	have	AUX
ajfa-2027	19	17	received	receive	VERB
ajfa-2027	19	18	little	little	ADJ
ajfa-2027	19	19	attention	attention	NOUN
ajfa-2027	19	20	.	.	PUNCT
ajfa-2027	20	1	in	in	ADP
ajfa-2027	20	2	the	the	DET
ajfa-2027	20	3	light	light	NOUN
ajfa-2027	20	4	of	of	ADP
ajfa-2027	20	5	this	this	DET
ajfa-2027	20	6	background	background	NOUN
ajfa-2027	20	7	,	,	PUNCT
ajfa-2027	20	8	the	the	DET
ajfa-2027	20	9	primary	primary	ADJ
ajfa-2027	20	10	aim	aim	NOUN
ajfa-2027	20	11	of	of	ADP
ajfa-2027	20	12	this	this	DET
ajfa-2027	20	13	paper	paper	NOUN
ajfa-2027	20	14	is	be	AUX
ajfa-2027	20	15	to	to	PART
ajfa-2027	20	16	investigate	investigate	VERB
ajfa-2027	20	17	the	the	DET
ajfa-2027	20	18	dual	dual	ADJ
ajfa-2027	20	19	long	long	ADJ
ajfa-2027	20	20	memory	memory	NOUN
ajfa-2027	20	21	property	property	NOUN
ajfa-2027	20	22	in	in	ADP
ajfa-2027	20	23	the	the	DET
ajfa-2027	20	24	returns	return	NOUN
ajfa-2027	20	25	and	and	CCONJ
ajfa-2027	20	26	volatility	volatility	NOUN
ajfa-2027	20	27	of	of	ADP
ajfa-2027	20	28	stock	stock	NOUN
ajfa-2027	20	29	markets	market	NOUN
ajfa-2027	20	30	of	of	ADP
ajfa-2027	20	31	india	india	PROPN
ajfa-2027	20	32	using	use	VERB
ajfa-2027	20	33	arfima	arfima	PROPN
ajfa-2027	20	34	-	-	PUNCT
ajfa-2027	20	35	figarch	figarch	NOUN
ajfa-2027	20	36	model	model	NOUN
ajfa-2027	20	37	.	.	PUNCT
ajfa-2027	21	1	the	the	DET
ajfa-2027	21	2	rest	rest	NOUN
ajfa-2027	21	3	of	of	ADP
ajfa-2027	21	4	the	the	DET
ajfa-2027	21	5	paper	paper	NOUN
ajfa-2027	21	6	is	be	AUX
ajfa-2027	21	7	organized	organize	VERB
ajfa-2027	21	8	as	as	SCONJ
ajfa-2027	21	9	follows	follow	VERB
ajfa-2027	21	10	.	.	PUNCT
ajfa-2027	22	1	section	section	NOUN
ajfa-2027	22	2	2	2	NUM
ajfa-2027	22	3	presents	present	VERB
ajfa-2027	22	4	a	a	DET
ajfa-2027	22	5	brief	brief	ADJ
ajfa-2027	22	6	review	review	NOUN
ajfa-2027	22	7	of	of	ADP
ajfa-2027	22	8	previous	previous	ADJ
ajfa-2027	22	9	work	work	NOUN
ajfa-2027	22	10	on	on	ADP
ajfa-2027	22	11	long	long	ADJ
ajfa-2027	22	12	memory	memory	NOUN
ajfa-2027	22	13	property	property	NOUN
ajfa-2027	22	14	in	in	ADP
ajfa-2027	22	15	return	return	NOUN
ajfa-2027	22	16	and	and	CCONJ
ajfa-2027	22	17	volatility	volatility	NOUN
ajfa-2027	22	18	.	.	PUNCT
ajfa-2027	23	1	section	section	NOUN
ajfa-2027	23	2	3	3	NUM
ajfa-2027	23	3	discusses	discuss	VERB
ajfa-2027	23	4	arfima	arfima	NOUN
ajfa-2027	23	5	-	-	PUNCT
ajfa-2027	23	6	garch	garch	NOUN
ajfa-2027	23	7	model	model	NOUN
ajfa-2027	23	8	.	.	PUNCT
ajfa-2027	24	1	section	section	NOUN
ajfa-2027	24	2	4	4	NUM
ajfa-2027	24	3	provides	provide	VERB
ajfa-2027	24	4	the	the	DET
ajfa-2027	24	5	statistical	statistical	ADJ
ajfa-2027	24	6	properties	property	NOUN
ajfa-2027	24	7	of	of	ADP
ajfa-2027	24	8	data	datum	NOUN
ajfa-2027	24	9	and	and	CCONJ
ajfa-2027	24	10	the	the	DET
ajfa-2027	24	11	estimation	estimation	NOUN
ajfa-2027	24	12	results	result	NOUN
ajfa-2027	24	13	of	of	ADP
ajfa-2027	24	14	the	the	DET
ajfa-2027	24	15	arfima	arfima	NOUN
ajfa-2027	24	16	-	-	PUNCT
ajfa-2027	24	17	figarch	figarch	NOUN
ajfa-2027	24	18	models	model	NOUN
ajfa-2027	24	19	.	.	PUNCT
ajfa-2027	25	1	section	section	NOUN
ajfa-2027	25	2	5	5	NUM
ajfa-2027	25	3	summarizes	summarize	NOUN
ajfa-2027	25	4	.	.	PUNCT
ajfa-2027	26	1	2	2	X
ajfa-2027	26	2	.	.	X
ajfa-2027	26	3	literature	literature	NOUN
ajfa-2027	26	4	review	review	PROPN
ajfa-2027	26	5	modelling	model	VERB
ajfa-2027	26	6	long	long	ADJ
ajfa-2027	26	7	memory	memory	NOUN
ajfa-2027	26	8	properties	property	NOUN
ajfa-2027	26	9	in	in	ADP
ajfa-2027	26	10	stock	stock	NOUN
ajfa-2027	26	11	market	market	NOUN
ajfa-2027	26	12	return	return	NOUN
ajfa-2027	26	13	and	and	CCONJ
ajfa-2027	26	14	volatility	volatility	NOUN
ajfa-2027	26	15	has	have	AUX
ajfa-2027	26	16	become	become	VERB
ajfa-2027	26	17	an	an	DET
ajfa-2027	26	18	interesting	interesting	ADJ
ajfa-2027	26	19	research	research	NOUN
ajfa-2027	26	20	area	area	NOUN
ajfa-2027	26	21	in	in	ADP
ajfa-2027	26	22	recent	recent	ADJ
ajfa-2027	26	23	years	year	NOUN
ajfa-2027	26	24	.	.	PUNCT
ajfa-2027	27	1	the	the	DET
ajfa-2027	27	2	existence	existence	NOUN
ajfa-2027	27	3	of	of	ADP
ajfa-2027	27	4	long	long	ADJ
ajfa-2027	27	5	memory	memory	NOUN
ajfa-2027	27	6	in	in	ADP
ajfa-2027	27	7	returns	return	NOUN
ajfa-2027	27	8	and	and	CCONJ
ajfa-2027	27	9	volatility	volatility	NOUN
ajfa-2027	27	10	suggests	suggest	VERB
ajfa-2027	27	11	the	the	DET
ajfa-2027	27	12	presence	presence	NOUN
ajfa-2027	27	13	of	of	ADP
ajfa-2027	27	14	dependencies	dependency	NOUN
ajfa-2027	27	15	among	among	ADP
ajfa-2027	27	16	observations	observation	NOUN
ajfa-2027	27	17	.	.	PUNCT
ajfa-2027	28	1	kasman	kasman	PROPN
ajfa-2027	28	2	,	,	PUNCT
ajfa-2027	28	3	kasman	kasman	NOUN
ajfa-2027	28	4	and	and	CCONJ
ajfa-2027	28	5	torun(2009	torun(2009	NUM
ajfa-2027	28	6	)	)	PUNCT
ajfa-2027	28	7	found	find	VERB
ajfa-2027	28	8	that	that	SCONJ
ajfa-2027	28	9	long	long	ADJ
ajfa-2027	28	10	memory	memory	NOUN
ajfa-2027	28	11	in	in	ADP
ajfa-2027	28	12	these	these	DET
ajfa-2027	28	13	series	series	NOUN
ajfa-2027	28	14	were	be	AUX
ajfa-2027	28	15	related	relate	VERB
ajfa-2027	28	16	with	with	ADP
ajfa-2027	28	17	the	the	DET
ajfa-2027	28	18	high	high	ADJ
ajfa-2027	28	19	autocorrelation	autocorrelation	NOUN
ajfa-2027	28	20	function	function	NOUN
ajfa-2027	28	21	which	which	PRON
ajfa-2027	28	22	decays	decay	VERB
ajfa-2027	28	23	hyperbolically	hyperbolically	ADV
ajfa-2027	28	24	and	and	CCONJ
ajfa-2027	28	25	finally	finally	ADV
ajfa-2027	28	26	died	die	VERB
ajfa-2027	28	27	out	out	ADP
ajfa-2027	28	28	.	.	PUNCT
ajfa-2027	29	1	in	in	ADP
ajfa-2027	29	2	contrast	contrast	NOUN
ajfa-2027	29	3	,	,	PUNCT
ajfa-2027	29	4	if	if	SCONJ
ajfa-2027	29	5	correlation	correlation	NOUN
ajfa-2027	29	6	between	between	ADP
ajfa-2027	29	7	distant	distant	ADJ
ajfa-2027	29	8	observations	observation	NOUN
ajfa-2027	29	9	is	be	AUX
ajfa-2027	29	10	negligible	negligible	ADJ
ajfa-2027	29	11	,	,	PUNCT
ajfa-2027	29	12	the	the	DET
ajfa-2027	29	13	series	series	NOUN
ajfa-2027	29	14	possesses	possess	VERB
ajfa-2027	29	15	short	short	ADJ
ajfa-2027	29	16	memory	memory	NOUN
ajfa-2027	29	17	and	and	CCONJ
ajfa-2027	29	18	exhibits	exhibit	VERB
ajfa-2027	29	19	exponential	exponential	ADJ
ajfa-2027	29	20	decaying	decay	VERB
ajfa-2027	29	21	observations	observation	NOUN
ajfa-2027	29	22	.	.	PUNCT
ajfa-2027	30	1	granger	granger	PROPN
ajfa-2027	30	2	and	and	CCONJ
ajfa-2027	30	3	joyeux(1980	joyeux(1980	PROPN
ajfa-2027	30	4	)	)	PUNCT
ajfa-2027	30	5	and	and	CCONJ
ajfa-2027	30	6	hosking(1981	hosking(1981	NOUN
ajfa-2027	30	7	)	)	PUNCT
ajfa-2027	30	8	found	find	VERB
ajfa-2027	30	9	that	that	SCONJ
ajfa-2027	30	10	fractionally	fractionally	ADV
ajfa-2027	30	11	integrated	integrate	VERB
ajfa-2027	30	12	series	series	NOUN
ajfa-2027	30	13	could	could	AUX
ajfa-2027	30	14	capture	capture	VERB
ajfa-2027	30	15	long	long	ADJ
ajfa-2027	30	16	memory	memory	NOUN
ajfa-2027	30	17	property	property	NOUN
ajfa-2027	30	18	and	and	CCONJ
ajfa-2027	30	19	proposed	propose	VERB
ajfa-2027	30	20	fractionally	fractionally	ADV
ajfa-2027	30	21	integrated	integrate	VERB
ajfa-2027	30	22	autoregressive	autoregressive	ADJ
ajfa-2027	30	23	moving	move	VERB
ajfa-2027	30	24	average	average	ADJ
ajfa-2027	30	25	(	(	PUNCT
ajfa-2027	30	26	arfima	arfima	PROPN
ajfa-2027	30	27	)	)	PUNCT
ajfa-2027	30	28	model	model	NOUN
ajfa-2027	30	29	.	.	PUNCT
ajfa-2027	31	1	it	it	PRON
ajfa-2027	31	2	is	be	AUX
ajfa-2027	31	3	characterized	characterize	VERB
ajfa-2027	31	4	by	by	ADP
ajfa-2027	31	5	hyperbolic	hyperbolic	ADJ
ajfa-2027	31	6	decaying	decaying	NOUN
ajfa-2027	31	7	of	of	ADP
ajfa-2027	31	8	autocorrelation	autocorrelation	NOUN
ajfa-2027	31	9	function	function	NOUN
ajfa-2027	31	10	.	.	PUNCT
ajfa-2027	32	1	lo	lo	PROPN
ajfa-2027	32	2	(	(	PUNCT
ajfa-2027	32	3	1991	1991	NUM
ajfa-2027	32	4	)	)	PUNCT
ajfa-2027	32	5	,	,	PUNCT
ajfa-2027	32	6	jacobson(1996	jacobson(1996	NOUN
ajfa-2027	32	7	)	)	PUNCT
ajfa-2027	32	8	,	,	PUNCT
ajfa-2027	32	9	crato	crato	NOUN
ajfa-2027	32	10	and	and	CCONJ
ajfa-2027	32	11	lima(1994	lima(1994	NUM
ajfa-2027	32	12	)	)	PUNCT
ajfa-2027	32	13	and	and	CCONJ
ajfa-2027	32	14	tolvi(2003	tolvi(2003	NOUN
ajfa-2027	32	15	)	)	PUNCT
ajfa-2027	32	16	used	use	VERB
ajfa-2027	32	17	arfima	arfima	PROPN
ajfa-2027	32	18	model	model	NOUN
ajfa-2027	32	19	to	to	PART
ajfa-2027	32	20	investigate	investigate	VERB
ajfa-2027	32	21	the	the	DET
ajfa-2027	32	22	presence	presence	NOUN
ajfa-2027	32	23	of	of	ADP
ajfa-2027	32	24	long	long	ADJ
ajfa-2027	32	25	memory	memory	NOUN
ajfa-2027	32	26	in	in	ADP
ajfa-2027	32	27	stock	stock	NOUN
ajfa-2027	32	28	market	market	NOUN
ajfa-2027	32	29	returns	return	NOUN
ajfa-2027	32	30	.	.	PUNCT
ajfa-2027	33	1	besides	besides	SCONJ
ajfa-2027	33	2	numerous	numerous	ADJ
ajfa-2027	33	3	asian	asian	ADJ
ajfa-2027	33	4	journal	journal	NOUN
ajfa-2027	33	5	of	of	ADP
ajfa-2027	33	6	finance	finance	PROPN
ajfa-2027	33	7	&	&	CCONJ
ajfa-2027	33	8	accounting	accounting	PROPN
ajfa-2027	33	9	issn	issn	PROPN
ajfa-2027	33	10	1946	1946	NUM
ajfa-2027	33	11	-	-	PUNCT
ajfa-2027	33	12	052x	052x	NOUN
ajfa-2027	33	13	2012	2012	NUM
ajfa-2027	33	14	,	,	PUNCT
ajfa-2027	33	15	vol	vol	NOUN
ajfa-2027	33	16	.	.	PROPN
ajfa-2027	33	17	4	4	NUM
ajfa-2027	33	18	,	,	PUNCT
ajfa-2027	33	19	no	no	INTJ
ajfa-2027	33	20	.	.	NOUN
ajfa-2027	33	21	2	2	NUM
ajfa-2027	33	22	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2027	33	23	220	220	NUM
ajfa-2027	33	24	studies	study	NOUN
ajfa-2027	33	25	examine	examine	VERB
ajfa-2027	33	26	long	long	ADJ
ajfa-2027	33	27	memory	memory	NOUN
ajfa-2027	33	28	in	in	ADP
ajfa-2027	33	29	stock	stock	NOUN
ajfa-2027	33	30	return	return	NOUN
ajfa-2027	33	31	,	,	PUNCT
ajfa-2027	33	32	ding	ding	NOUN
ajfa-2027	33	33	and	and	CCONJ
ajfa-2027	33	34	granger(1996	granger(1996	NOUN
ajfa-2027	33	35	)	)	PUNCT
ajfa-2027	33	36	,	,	PUNCT
ajfa-2027	33	37	lobato	lobato	NOUN
ajfa-2027	33	38	and	and	CCONJ
ajfa-2027	33	39	savin(1998	savin(1998	PRON
ajfa-2027	33	40	)	)	PUNCT
ajfa-2027	33	41	,	,	PUNCT
ajfa-2027	33	42	comte	comte	NOUN
ajfa-2027	33	43	and	and	CCONJ
ajfa-2027	33	44	renaut(1998	renaut(1998	NUM
ajfa-2027	33	45	)	)	PUNCT
ajfa-2027	33	46	and	and	CCONJ
ajfa-2027	33	47	andreano(2005	andreano(2005	PROPN
ajfa-2027	33	48	)	)	PUNCT
ajfa-2027	33	49	investigated	investigate	VERB
ajfa-2027	33	50	the	the	DET
ajfa-2027	33	51	long	long	ADJ
ajfa-2027	33	52	memory	memory	NOUN
ajfa-2027	33	53	in	in	ADP
ajfa-2027	33	54	volatility	volatility	NOUN
ajfa-2027	33	55	.	.	PUNCT
ajfa-2027	34	1	they	they	PRON
ajfa-2027	34	2	showed	show	VERB
ajfa-2027	34	3	that	that	SCONJ
ajfa-2027	34	4	the	the	DET
ajfa-2027	34	5	autocorrelation	autocorrelation	NOUN
ajfa-2027	34	6	function	function	NOUN
ajfa-2027	34	7	of	of	ADP
ajfa-2027	34	8	the	the	DET
ajfa-2027	34	9	squared	square	VERB
ajfa-2027	34	10	daily	daily	ADJ
ajfa-2027	34	11	return	return	NOUN
ajfa-2027	34	12	decayed	decay	VERB
ajfa-2027	34	13	very	very	ADV
ajfa-2027	34	14	slowly	slowly	ADV
ajfa-2027	34	15	.	.	PUNCT
ajfa-2027	35	1	baillie	baillie	PROPN
ajfa-2027	35	2	et	et	PROPN
ajfa-2027	35	3	al.(1996	al.(1996	PROPN
ajfa-2027	35	4	)	)	PUNCT
ajfa-2027	35	5	developed	develop	VERB
ajfa-2027	35	6	fractionally	fractionally	ADV
ajfa-2027	35	7	integrated	integrate	VERB
ajfa-2027	35	8	generalized	generalized	ADJ
ajfa-2027	35	9	conditional	conditional	ADJ
ajfa-2027	35	10	heteroscedasticity(figarch	heteroscedasticity(figarch	PROPN
ajfa-2027	35	11	)	)	PUNCT
ajfa-2027	35	12	model	model	NOUN
ajfa-2027	35	13	to	to	PART
ajfa-2027	35	14	allow	allow	VERB
ajfa-2027	35	15	for	for	ADP
ajfa-2027	35	16	fractionally	fractionally	ADV
ajfa-2027	35	17	integrated	integrate	VERB
ajfa-2027	35	18	process	process	NOUN
ajfa-2027	35	19	of	of	ADP
ajfa-2027	35	20	conditional	conditional	ADJ
ajfa-2027	35	21	variance	variance	NOUN
ajfa-2027	35	22	.	.	PUNCT
ajfa-2027	36	1	korkmaz	korkmaz	PROPN
ajfa-2027	36	2	,	,	PUNCT
ajfa-2027	36	3	cevik	cevik	NOUN
ajfa-2027	36	4	and	and	CCONJ
ajfa-2027	36	5	ozatae(2009	ozatae(2009	PRON
ajfa-2027	36	6	)	)	PUNCT
ajfa-2027	36	7	detected	detect	VERB
ajfa-2027	36	8	long	long	ADJ
ajfa-2027	36	9	memory	memory	NOUN
ajfa-2027	36	10	property	property	NOUN
ajfa-2027	36	11	in	in	ADP
ajfa-2027	36	12	volatility	volatility	NOUN
ajfa-2027	36	13	of	of	ADP
ajfa-2027	36	14	returns	return	NOUN
ajfa-2027	36	15	in	in	ADP
ajfa-2027	36	16	istanbul	istanbul	PROPN
ajfa-2027	36	17	stock	stock	PROPN
ajfa-2027	36	18	exchange	exchange	PROPN
ajfa-2027	36	19	of	of	ADP
ajfa-2027	36	20	turkey	turkey	NOUN
ajfa-2027	36	21	.	.	PUNCT
ajfa-2027	37	1	jeffery	jeffery	PROPN
ajfa-2027	37	2	and	and	CCONJ
ajfa-2027	37	3	thupayagale	thupayagale	PROPN
ajfa-2027	37	4	(	(	PUNCT
ajfa-2027	37	5	2008	2008	NUM
ajfa-2027	37	6	)	)	PUNCT
ajfa-2027	37	7	found	find	VERB
ajfa-2027	37	8	the	the	DET
ajfa-2027	37	9	evidences	evidence	NOUN
ajfa-2027	37	10	of	of	ADP
ajfa-2027	37	11	long	long	ADJ
ajfa-2027	37	12	memory	memory	NOUN
ajfa-2027	37	13	in	in	ADP
ajfa-2027	37	14	volatility	volatility	NOUN
ajfa-2027	37	15	for	for	ADP
ajfa-2027	37	16	south	south	ADJ
ajfa-2027	37	17	aftica	aftica	NOUN
ajfa-2027	37	18	and	and	CCONJ
ajfa-2027	37	19	zimbabwe	zimbabwe	ADJ
ajfa-2027	37	20	,	,	PUNCT
ajfa-2027	37	21	whereas	whereas	SCONJ
ajfa-2027	37	22	no	no	DET
ajfa-2027	37	23	such	such	ADJ
ajfa-2027	37	24	evidence	evidence	NOUN
ajfa-2027	37	25	was	be	AUX
ajfa-2027	37	26	found	find	VERB
ajfa-2027	37	27	in	in	ADP
ajfa-2027	37	28	botswana	botswana	PROPN
ajfa-2027	37	29	.	.	PUNCT
ajfa-2027	38	1	kang	kang	PROPN
ajfa-2027	38	2	and	and	CCONJ
ajfa-2027	38	3	yoon	yoon	PROPN
ajfa-2027	38	4	(	(	PUNCT
ajfa-2027	38	5	2007	2007	NUM
ajfa-2027	38	6	)	)	PUNCT
ajfa-2027	38	7	suggest	suggest	VERB
ajfa-2027	38	8	that	that	SCONJ
ajfa-2027	38	9	arfima	arfima	NOUN
ajfa-2027	38	10	-	-	PUNCT
ajfa-2027	38	11	figarch	figarch	NOUN
ajfa-2027	38	12	model	model	NOUN
ajfa-2027	38	13	can	can	AUX
ajfa-2027	38	14	provide	provide	VERB
ajfa-2027	38	15	a	a	DET
ajfa-2027	38	16	useful	useful	ADJ
ajfa-2027	38	17	way	way	NOUN
ajfa-2027	38	18	of	of	ADP
ajfa-2027	38	19	examining	examine	VERB
ajfa-2027	38	20	the	the	DET
ajfa-2027	38	21	relationship	relationship	NOUN
ajfa-2027	38	22	between	between	ADP
ajfa-2027	38	23	conditional	conditional	ADJ
ajfa-2027	38	24	mean	mean	NOUN
ajfa-2027	38	25	and	and	CCONJ
ajfa-2027	38	26	variance	variance	NOUN
ajfa-2027	38	27	of	of	ADP
ajfa-2027	38	28	a	a	DET
ajfa-2027	38	29	process	process	NOUN
ajfa-2027	38	30	exhibiting	exhibit	VERB
ajfa-2027	38	31	the	the	DET
ajfa-2027	38	32	long	long	ADJ
ajfa-2027	38	33	memory	memory	NOUN
ajfa-2027	38	34	property	property	NOUN
ajfa-2027	38	35	.	.	PUNCT
ajfa-2027	39	1	moreover	moreover	ADV
ajfa-2027	39	2	,	,	PUNCT
ajfa-2027	39	3	kasman	kasman	VERB
ajfa-2027	39	4	et	et	PROPN
ajfa-2027	39	5	.	.	PUNCT
ajfa-2027	40	1	al	al	PROPN
ajfa-2027	40	2	(	(	PUNCT
ajfa-2027	40	3	2009	2009	NUM
ajfa-2027	40	4	)	)	PUNCT
ajfa-2027	40	5	found	find	VERB
ajfa-2027	40	6	that	that	SCONJ
ajfa-2027	40	7	these	these	DET
ajfa-2027	40	8	models	model	NOUN
ajfa-2027	40	9	offer	offer	VERB
ajfa-2027	40	10	greater	great	ADJ
ajfa-2027	40	11	flexibility	flexibility	NOUN
ajfa-2027	40	12	to	to	PART
ajfa-2027	40	13	analyze	analyze	VERB
ajfa-2027	40	14	long	long	ADJ
ajfa-2027	40	15	memory	memory	NOUN
ajfa-2027	40	16	property	property	NOUN
ajfa-2027	40	17	in	in	ADP
ajfa-2027	40	18	return	return	NOUN
ajfa-2027	40	19	and	and	CCONJ
ajfa-2027	40	20	volatility	volatility	NOUN
ajfa-2027	40	21	with	with	ADP
ajfa-2027	40	22	fractionally	fractionally	ADJ
ajfa-2027	40	23	differencing	difference	VERB
ajfa-2027	40	24	process	process	NOUN
ajfa-2027	40	25	.	.	PUNCT
ajfa-2027	41	1	kumar	kumar	PROPN
ajfa-2027	41	2	(	(	PUNCT
ajfa-2027	41	3	2004	2004	NUM
ajfa-2027	41	4	)	)	PUNCT
ajfa-2027	41	5	analyzed	analyze	VERB
ajfa-2027	41	6	the	the	DET
ajfa-2027	41	7	long	long	ADJ
ajfa-2027	41	8	memory	memory	NOUN
ajfa-2027	41	9	property	property	NOUN
ajfa-2027	41	10	of	of	ADP
ajfa-2027	41	11	indian	indian	ADJ
ajfa-2027	41	12	stock	stock	NOUN
ajfa-2027	41	13	markets	market	NOUN
ajfa-2027	41	14	of	of	ADP
ajfa-2027	41	15	national	national	ADJ
ajfa-2027	41	16	stock	stock	NOUN
ajfa-2027	41	17	exchange(nse	exchange(nse	NOUN
ajfa-2027	41	18	)	)	PUNCT
ajfa-2027	41	19	and	and	CCONJ
ajfa-2027	41	20	bombay	bombay	PROPN
ajfa-2027	41	21	stock	stock	NOUN
ajfa-2027	41	22	exchange(bse	exchange(bse	PROPN
ajfa-2027	41	23	)	)	PUNCT
ajfa-2027	41	24	by	by	ADP
ajfa-2027	41	25	examining	examine	VERB
ajfa-2027	41	26	trade	trade	NOUN
ajfa-2027	41	27	volume	volume	NOUN
ajfa-2027	41	28	series	series	NOUN
ajfa-2027	41	29	using	use	VERB
ajfa-2027	41	30	arfima	arfima	PROPN
ajfa-2027	41	31	-	-	PUNCT
ajfa-2027	41	32	garch	garch	NOUN
ajfa-2027	41	33	models	model	NOUN
ajfa-2027	41	34	during	during	ADP
ajfa-2027	41	35	1995	1995	NUM
ajfa-2027	41	36	to	to	ADP
ajfa-2027	41	37	2003	2003	NUM
ajfa-2027	41	38	.	.	PUNCT
ajfa-2027	42	1	the	the	DET
ajfa-2027	42	2	study	study	NOUN
ajfa-2027	42	3	found	find	VERB
ajfa-2027	42	4	that	that	SCONJ
ajfa-2027	42	5	the	the	DET
ajfa-2027	42	6	the	the	DET
ajfa-2027	42	7	trade	trade	NOUN
ajfa-2027	42	8	volume	volume	NOUN
ajfa-2027	42	9	series	series	NOUN
ajfa-2027	42	10	exhibited	exhibit	VERB
ajfa-2027	42	11	strong	strong	ADJ
ajfa-2027	42	12	evidence	evidence	NOUN
ajfa-2027	42	13	of	of	ADP
ajfa-2027	42	14	long	long	ADJ
ajfa-2027	42	15	memory	memory	NOUN
ajfa-2027	42	16	.	.	PUNCT
ajfa-2027	43	1	the	the	DET
ajfa-2027	43	2	study	study	NOUN
ajfa-2027	43	3	has	have	AUX
ajfa-2027	43	4	made	make	VERB
ajfa-2027	43	5	no	no	DET
ajfa-2027	43	6	attempt	attempt	NOUN
ajfa-2027	43	7	to	to	PART
ajfa-2027	43	8	investigate	investigate	VERB
ajfa-2027	43	9	long	long	ADJ
ajfa-2027	43	10	memory	memory	NOUN
ajfa-2027	43	11	property	property	NOUN
ajfa-2027	43	12	in	in	ADP
ajfa-2027	43	13	return	return	NOUN
ajfa-2027	43	14	and	and	CCONJ
ajfa-2027	43	15	volatility	volatility	NOUN
ajfa-2027	43	16	of	of	ADP
ajfa-2027	43	17	indian	indian	ADJ
ajfa-2027	43	18	stock	stock	NOUN
ajfa-2027	43	19	indices	index	NOUN
ajfa-2027	43	20	.	.	PUNCT
ajfa-2027	44	1	there	there	PRON
ajfa-2027	44	2	has	have	AUX
ajfa-2027	44	3	been	be	AUX
ajfa-2027	44	4	no	no	DET
ajfa-2027	44	5	comprehensive	comprehensive	ADJ
ajfa-2027	44	6	study	study	NOUN
ajfa-2027	44	7	of	of	ADP
ajfa-2027	44	8	long	long	ADJ
ajfa-2027	44	9	memory	memory	NOUN
ajfa-2027	44	10	in	in	ADP
ajfa-2027	44	11	return	return	NOUN
ajfa-2027	44	12	and	and	CCONJ
ajfa-2027	44	13	volatility	volatility	NOUN
ajfa-2027	44	14	in	in	ADP
ajfa-2027	44	15	india	india	PROPN
ajfa-2027	44	16	,	,	PUNCT
ajfa-2027	44	17	which	which	PRON
ajfa-2027	44	18	is	be	AUX
ajfa-2027	44	19	one	one	NUM
ajfa-2027	44	20	of	of	ADP
ajfa-2027	44	21	the	the	DET
ajfa-2027	44	22	fasted	fasted	ADJ
ajfa-2027	44	23	growing	grow	VERB
ajfa-2027	44	24	emerging	emerge	VERB
ajfa-2027	44	25	stock	stock	NOUN
ajfa-2027	44	26	markets	market	NOUN
ajfa-2027	44	27	.	.	PUNCT
ajfa-2027	45	1	hence	hence	ADV
ajfa-2027	45	2	,	,	PUNCT
ajfa-2027	45	3	the	the	DET
ajfa-2027	45	4	present	present	ADJ
ajfa-2027	45	5	paper	paper	NOUN
ajfa-2027	45	6	is	be	AUX
ajfa-2027	45	7	devoted	devote	VERB
ajfa-2027	45	8	to	to	ADP
ajfa-2027	45	9	this	this	DET
ajfa-2027	45	10	issue	issue	NOUN
ajfa-2027	45	11	in	in	ADP
ajfa-2027	45	12	two	two	NUM
ajfa-2027	45	13	premier	premier	ADJ
ajfa-2027	45	14	indian	indian	ADJ
ajfa-2027	45	15	stock	stock	NOUN
ajfa-2027	45	16	exchanges	exchange	NOUN
ajfa-2027	45	17	namely	namely	ADV
ajfa-2027	45	18	nse	nse	NOUN
ajfa-2027	45	19	and	and	CCONJ
ajfa-2027	45	20	bse	bse	NOUN
ajfa-2027	45	21	.	.	PUNCT
ajfa-2027	46	1	3	3	X
ajfa-2027	46	2	.	.	X
ajfa-2027	46	3	methodology	methodology	NOUN
ajfa-2027	46	4	3.1	3.1	NUM
ajfa-2027	46	5	arfima	arfima	NOUN
ajfa-2027	46	6	-	-	PUNCT
ajfa-2027	46	7	figarch	figarch	NOUN
ajfa-2027	46	8	model	model	NOUN
ajfa-2027	46	9	granger	granger	PROPN
ajfa-2027	46	10	and	and	CCONJ
ajfa-2027	46	11	joyeux	joyeux	X
ajfa-2027	46	12	(	(	PUNCT
ajfa-2027	46	13	1980	1980	NUM
ajfa-2027	46	14	)	)	PUNCT
ajfa-2027	46	15	and	and	CCONJ
ajfa-2027	46	16	hosking	hosking	PROPN
ajfa-2027	46	17	(	(	PUNCT
ajfa-2027	46	18	1981	1981	NUM
ajfa-2027	46	19	)	)	PUNCT
ajfa-2027	46	20	introduced	introduce	VERB
ajfa-2027	46	21	arfima	arfima	NOUN
ajfa-2027	46	22	to	to	PART
ajfa-2027	46	23	test	test	VERB
ajfa-2027	46	24	long	long	ADJ
ajfa-2027	46	25	memory	memory	NOUN
ajfa-2027	46	26	property	property	NOUN
ajfa-2027	46	27	in	in	ADP
ajfa-2027	46	28	the	the	DET
ajfa-2027	46	29	asset	asset	NOUN
ajfa-2027	46	30	returns	return	NOUN
ajfa-2027	46	31	.	.	PUNCT
ajfa-2027	47	1	the	the	DET
ajfa-2027	47	2	purpose	purpose	NOUN
ajfa-2027	47	3	of	of	ADP
ajfa-2027	47	4	this	this	DET
ajfa-2027	47	5	model	model	NOUN
ajfa-2027	47	6	to	to	PART
ajfa-2027	47	7	consider	consider	VERB
ajfa-2027	47	8	fractionally	fractionally	ADV
ajfa-2027	47	9	integrated	integrate	VERB
ajfa-2027	47	10	process	process	NOUN
ajfa-2027	47	11	i(d	i(d	NOUN
ajfa-2027	47	12	)	)	PUNCT
ajfa-2027	47	13	in	in	ADP
ajfa-2027	47	14	the	the	DET
ajfa-2027	47	15	conditional	conditional	ADJ
ajfa-2027	47	16	mean	mean	NOUN
ajfa-2027	47	17	.	.	PUNCT
ajfa-2027	48	1	the	the	DET
ajfa-2027	48	2	arfima	arfima	PROPN
ajfa-2027	48	3	)	)	PUNCT
ajfa-2027	48	4	,	,	PUNCT
ajfa-2027	48	5	,	,	PUNCT
ajfa-2027	48	6	(	(	PUNCT
ajfa-2027	48	7	sn	sn	PROPN
ajfa-2027	48	8			NOUN
ajfa-2027	48	9	model	model	NOUN
ajfa-2027	48	10	can	can	AUX
ajfa-2027	48	11	be	be	AUX
ajfa-2027	48	12	expressed	express	VERB
ajfa-2027	48	13	as	as	SCONJ
ajfa-2027	48	14	follows	follow	VERB
ajfa-2027	48	15	:	:	PUNCT
ajfa-2027	48	16	tt	tt	PROPN
ajfa-2027	48	17	lyll	lyll	ADJ
ajfa-2027	48	18			PROPN
ajfa-2027	48	19			NOUN
ajfa-2027	48	20	)	)	PUNCT
ajfa-2027	48	21	(	(	PUNCT
ajfa-2027	48	22	)	)	PUNCT
ajfa-2027	48	23	(	(	PUNCT
ajfa-2027	48	24	)	)	PUNCT
ajfa-2027	48	25	1	1	NUM
ajfa-2027	48	26	)	)	PUNCT
ajfa-2027	48	27	(	(	PUNCT
ajfa-2027	48	28	(	(	PUNCT
ajfa-2027	48	29			VERB
ajfa-2027	48	30	(	(	PUNCT
ajfa-2027	48	31	1	1	NUM
ajfa-2027	48	32	)	)	PUNCT
ajfa-2027	48	33	ttt	ttt	NOUN
ajfa-2027	48	34	z	z	PROPN
ajfa-2027	48	35			PROPN
ajfa-2027	49	1			INTJ
ajfa-2027	49	2	,	,	PUNCT
ajfa-2027	49	3	)	)	PUNCT
ajfa-2027	49	4	1,0(~	1,0(~	NUM
ajfa-2027	49	5	nzt	nzt	ADV
ajfa-2027	49	6	(	(	PUNCT
ajfa-2027	49	7	2	2	X
ajfa-2027	49	8	)	)	PUNCT
ajfa-2027	49	9	where	where	SCONJ
ajfa-2027	49	10	t	t	PROPN
ajfa-2027	49	11	is	be	AUX
ajfa-2027	49	12	independent	independent	ADJ
ajfa-2027	49	13	and	and	CCONJ
ajfa-2027	49	14	identically	identically	ADV
ajfa-2027	49	15	distributed	distribute	VERB
ajfa-2027	49	16	with	with	ADP
ajfa-2027	49	17	variance	variance	NOUN
ajfa-2027	49	18	2	2	NUM
ajfa-2027	49	19	and	and	CCONJ
ajfa-2027	49	20	l	l	NOUN
ajfa-2027	49	21	denotes	denote	VERB
ajfa-2027	49	22	the	the	DET
ajfa-2027	49	23	lag	lag	NOUN
ajfa-2027	49	24	operator	operator	NOUN
ajfa-2027	49	25	and	and	CCONJ
ajfa-2027	49	26	replacing	replace	VERB
ajfa-2027	49	27	with	with	ADP
ajfa-2027	49	28	difference	difference	NOUN
ajfa-2027	49	29	operator	operator	NOUN
ajfa-2027	49	30	(	(	PUNCT
ajfa-2027	49	31	1	1	NUM
ajfa-2027	49	32	-	-	PUNCT
ajfa-2027	49	33	l	l	NOUN
ajfa-2027	49	34	)	)	PUNCT
ajfa-2027	49	35	of	of	ADP
ajfa-2027	49	36	an	an	DET
ajfa-2027	49	37	arima	arima	NOUN
ajfa-2027	49	38	process	process	NOUN
ajfa-2027	49	39	with	with	ADP
ajfa-2027	49	40	the	the	DET
ajfa-2027	49	41	fractional	fractional	ADJ
ajfa-2027	49	42	difference	difference	NOUN
ajfa-2027	49	43	operator	operator	NOUN
ajfa-2027	49	44	)1	)1	X
ajfa-2027	49	45	(	(	PUNCT
ajfa-2027	49	46	l	l	ADJ
ajfa-2027	49	47	,	,	PUNCT
ajfa-2027	49	48	where	where	SCONJ
ajfa-2027	49	49			PROPN
ajfa-2027	49	50	denotes	denote	VERB
ajfa-2027	49	51	the	the	DET
ajfa-2027	49	52	degree	degree	NOUN
ajfa-2027	49	53	of	of	ADP
ajfa-2027	49	54	fractional	fractional	ADJ
ajfa-2027	49	55	integration	integration	NOUN
ajfa-2027	49	56	.	.	PUNCT
ajfa-2027	50	1	the	the	DET
ajfa-2027	50	2	asian	asian	ADJ
ajfa-2027	50	3	journal	journal	PROPN
ajfa-2027	50	4	of	of	ADP
ajfa-2027	50	5	finance	finance	PROPN
ajfa-2027	50	6	&	&	CCONJ
ajfa-2027	50	7	accounting	accounting	PROPN
ajfa-2027	50	8	issn	issn	PROPN
ajfa-2027	50	9	1946	1946	NUM
ajfa-2027	50	10	-	-	PUNCT
ajfa-2027	50	11	052x	052x	NOUN
ajfa-2027	50	12	2012	2012	NUM
ajfa-2027	50	13	,	,	PUNCT
ajfa-2027	50	14	vol	vol	NOUN
ajfa-2027	50	15	.	.	PROPN
ajfa-2027	50	16	4	4	NUM
ajfa-2027	50	17	,	,	PUNCT
ajfa-2027	50	18	no	no	INTJ
ajfa-2027	50	19	.	.	NOUN
ajfa-2027	50	20	2	2	NUM
ajfa-2027	50	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2027	50	22	221	221	NUM
ajfa-2027	50	23	differencing	differencing	NOUN
ajfa-2027	50	24	parameter	parameter	NOUN
ajfa-2027	50	25			NOUN
ajfa-2027	50	26	need	need	AUX
ajfa-2027	50	27	not	not	PART
ajfa-2027	50	28	be	be	AUX
ajfa-2027	50	29	an	an	DET
ajfa-2027	50	30	integer	integer	NOUN
ajfa-2027	50	31	,	,	PUNCT
ajfa-2027	50	32	but	but	CCONJ
ajfa-2027	50	33	the	the	DET
ajfa-2027	50	34	integer	integer	NOUN
ajfa-2027	50	35	value	value	NOUN
ajfa-2027	50	36	of	of	ADP
ajfa-2027	50	37			NOUN
ajfa-2027	50	38	leads	lead	VERB
ajfa-2027	50	39	to	to	ADP
ajfa-2027	50	40	a	a	DET
ajfa-2027	50	41	traditional	traditional	ADJ
ajfa-2027	50	42	arma	arma	NOUN
ajfa-2027	50	43	models	model	NOUN
ajfa-2027	50	44	.	.	PUNCT
ajfa-2027	51	1	if	if	SCONJ
ajfa-2027	51	2	5.00	5.00	NUM
ajfa-2027	51	3			NUM
ajfa-2027	51	4			NOUN
ajfa-2027	51	5	,	,	PUNCT
ajfa-2027	51	6	all	all	DET
ajfa-2027	51	7	autocorrelations	autocorrelation	NOUN
ajfa-2027	51	8	are	be	AUX
ajfa-2027	51	9	positive	positive	ADJ
ajfa-2027	51	10	implying	implying	ADJ
ajfa-2027	51	11	long	long	ADJ
ajfa-2027	51	12	memory	memory	NOUN
ajfa-2027	51	13	while	while	SCONJ
ajfa-2027	51	14	they	they	PRON
ajfa-2027	51	15	are	be	AUX
ajfa-2027	51	16	negative	negative	ADJ
ajfa-2027	51	17	if	if	SCONJ
ajfa-2027	51	18	05.0	05.0	NUM
ajfa-2027	51	19			ADP
ajfa-2027	51	20			NOUN
ajfa-2027	51	21	.	.	PUNCT
ajfa-2027	52	1	the	the	DET
ajfa-2027	52	2	negative	negative	ADJ
ajfa-2027	52	3	values	value	NOUN
ajfa-2027	52	4	indicate	indicate	VERB
ajfa-2027	52	5	that	that	SCONJ
ajfa-2027	52	6	the	the	DET
ajfa-2027	52	7	process	process	NOUN
ajfa-2027	52	8	exhibits	exhibit	VERB
ajfa-2027	52	9	negative	negative	ADJ
ajfa-2027	52	10	dependence	dependence	NOUN
ajfa-2027	52	11	between	between	ADP
ajfa-2027	52	12	distant	distant	ADJ
ajfa-2027	52	13	observation	observation	NOUN
ajfa-2027	52	14	suggesting	suggest	VERB
ajfa-2027	52	15	anti	anti	ADJ
ajfa-2027	52	16	-	-	ADJ
ajfa-2027	52	17	persistence	persistence	NOUN
ajfa-2027	52	18	.	.	PUNCT
ajfa-2027	53	1	the	the	DET
ajfa-2027	53	2	process	process	NOUN
ajfa-2027	53	3	is	be	AUX
ajfa-2027	53	4	said	say	VERB
ajfa-2027	53	5	to	to	PART
ajfa-2027	53	6	be	be	AUX
ajfa-2027	53	7	stationary	stationary	ADJ
ajfa-2027	53	8	when	when	SCONJ
ajfa-2027	53	9	0	0	NUM
ajfa-2027	53	10	.	.	PUNCT
ajfa-2027	54	1	for	for	ADP
ajfa-2027	54	2	1	1	NUM
ajfa-2027	54	3	,	,	PUNCT
ajfa-2027	54	4	the	the	DET
ajfa-2027	54	5	process	process	NOUN
ajfa-2027	54	6	follows	follow	VERB
ajfa-2027	54	7	a	a	DET
ajfa-2027	54	8	unit	unit	NOUN
ajfa-2027	54	9	root	root	NOUN
ajfa-2027	54	10	process	process	NOUN
ajfa-2027	54	11	.	.	PUNCT
ajfa-2027	55	1	n	n	DET
ajfa-2027	55	2	nllll	nllll	NOUN
ajfa-2027	56	1			PROPN
ajfa-2027	56	2	.....	.....	PROPN
ajfa-2027	56	3	1	1	X
ajfa-2027	56	4	)	)	PUNCT
ajfa-2027	56	5	(	(	PUNCT
ajfa-2027	56	6	2	2	NUM
ajfa-2027	56	7	21	21	NUM
ajfa-2027	56	8			NUM
ajfa-2027	56	9	and	and	CCONJ
ajfa-2027	56	10	s	s	VERB
ajfa-2027	56	11	sllll	sllll	NOUN
ajfa-2027	56	12			PUNCT
ajfa-2027	56	13			X
ajfa-2027	56	14	.....	.....	SYM
ajfa-2027	56	15	1	1	NUM
ajfa-2027	56	16	)	)	PUNCT
ajfa-2027	56	17	(	(	PUNCT
ajfa-2027	56	18	2	2	NUM
ajfa-2027	56	19	21	21	NUM
ajfa-2027	56	20	are	be	AUX
ajfa-2027	56	21	the	the	DET
ajfa-2027	56	22	autoregressive	autoregressive	ADJ
ajfa-2027	56	23	(	(	PUNCT
ajfa-2027	56	24	ar	ar	NOUN
ajfa-2027	56	25	)	)	PUNCT
ajfa-2027	56	26	and	and	CCONJ
ajfa-2027	56	27	moving	move	VERB
ajfa-2027	56	28	-	-	PUNCT
ajfa-2027	56	29	average	average	ADJ
ajfa-2027	56	30	(	(	PUNCT
ajfa-2027	56	31	ma	ma	NOUN
ajfa-2027	56	32	)	)	PUNCT
ajfa-2027	56	33	polynomials	polynomial	NOUN
ajfa-2027	56	34	.	.	PUNCT
ajfa-2027	57	1	the	the	DET
ajfa-2027	57	2	extension	extension	NOUN
ajfa-2027	57	3	of	of	ADP
ajfa-2027	57	4	the	the	DET
ajfa-2027	57	5	arfima	arfima	PROPN
ajfa-2027	57	6	representation	representation	NOUN
ajfa-2027	57	7	in	in	ADP
ajfa-2027	57	8	squared	square	VERB
ajfa-2027	57	9	errors	error	NOUN
ajfa-2027	57	10	(	(	PUNCT
ajfa-2027	57	11	2	2	NUM
ajfa-2027	57	12	)	)	PUNCT
ajfa-2027	57	13	is	be	AUX
ajfa-2027	57	14	figarch	figarch	NOUN
ajfa-2027	57	15	model	model	NOUN
ajfa-2027	57	16	of	of	ADP
ajfa-2027	57	17	baillie	baillie	PROPN
ajfa-2027	57	18	et	et	PROPN
ajfa-2027	57	19	al	al	PROPN
ajfa-2027	57	20	.	.	PUNCT
ajfa-2027	58	1	the	the	DET
ajfa-2027	58	2	figarch	figarch	NOUN
ajfa-2027	58	3	(	(	PUNCT
ajfa-2027	58	4	p	p	X
ajfa-2027	58	5	,	,	PUNCT
ajfa-2027	58	6	d	d	NOUN
ajfa-2027	58	7	,	,	PUNCT
ajfa-2027	58	8	q	q	NOUN
ajfa-2027	58	9	)	)	PUNCT
ajfa-2027	58	10	can	can	AUX
ajfa-2027	58	11	be	be	AUX
ajfa-2027	58	12	expressed	express	VERB
ajfa-2027	58	13	as	as	SCONJ
ajfa-2027	58	14	follows	follow	VERB
ajfa-2027	58	15	:	:	PUNCT
ajfa-2027	59	1	t	t	PROPN
ajfa-2027	59	2	d	d	X
ajfa-2027	59	3	lll	lll	PROPN
ajfa-2027	59	4			X
ajfa-2027	59	5	)	)	PUNCT
ajfa-2027	60	1	]	]	PUNCT
ajfa-2027	60	2	(	(	PUNCT
ajfa-2027	60	3	1[)1	1[)1	NUM
ajfa-2027	60	4	)	)	PUNCT
ajfa-2027	60	5	(	(	PUNCT
ajfa-2027	60	6	(	(	PUNCT
ajfa-2027	60	7	2	2	NUM
ajfa-2027	60	8			NOUN
ajfa-2027	60	9	(	(	PUNCT
ajfa-2027	60	10	3	3	NUM
ajfa-2027	60	11	)	)	PUNCT
ajfa-2027	60	12	22	22	NUM
ajfa-2027	60	13	tttv	tttv	NOUN
ajfa-2027	60	14			PROPN
ajfa-2027	60	15			PROPN
ajfa-2027	60	16	is	be	AUX
ajfa-2027	60	17	mean	mean	VERB
ajfa-2027	60	18	zero	zero	NUM
ajfa-2027	60	19	serially	serially	ADV
ajfa-2027	60	20	uncorrelated	uncorrelate	VERB
ajfa-2027	60	21	error	error	NOUN
ajfa-2027	60	22	,	,	PUNCT
ajfa-2027	60	23	2	2	NUM
ajfa-2027	60	24	t	t	PRON
ajfa-2027	60	25	is	be	AUX
ajfa-2027	60	26	the	the	DET
ajfa-2027	60	27	squared	square	VERB
ajfa-2027	60	28	error	error	NOUN
ajfa-2027	60	29	of	of	ADP
ajfa-2027	60	30	the	the	DET
ajfa-2027	60	31	garch	garch	NOUN
ajfa-2027	60	32	process	process	NOUN
ajfa-2027	60	33	.	.	PUNCT
ajfa-2027	61	1	the	the	DET
ajfa-2027	61	2	}	}	PUNCT
ajfa-2027	61	3	{	{	PUNCT
ajfa-2027	61	4	tv	tv	NOUN
ajfa-2027	61	5	process	process	NOUN
ajfa-2027	61	6	is	be	AUX
ajfa-2027	61	7	integrated	integrate	VERB
ajfa-2027	61	8	as	as	ADP
ajfa-2027	61	9	the	the	DET
ajfa-2027	61	10	“	"	PUNCT
ajfa-2027	61	11	innovations	innovation	NOUN
ajfa-2027	61	12	”	"	PUNCT
ajfa-2027	61	13	for	for	ADP
ajfa-2027	61	14	the	the	DET
ajfa-2027	61	15	conditional	conditional	ADJ
ajfa-2027	61	16	variance	variance	NOUN
ajfa-2027	61	17	(	(	PUNCT
ajfa-2027	61	18	2	2	NUM
ajfa-2027	61	19	t	t	NOUN
ajfa-2027	61	20	)	)	PUNCT
ajfa-2027	61	21	.	.	PUNCT
ajfa-2027	62	1	if	if	SCONJ
ajfa-2027	62	2	d=0	d=0	PROPN
ajfa-2027	62	3	,	,	PUNCT
ajfa-2027	62	4	the	the	DET
ajfa-2027	62	5	figarch	figarch	NOUN
ajfa-2027	62	6	(	(	PUNCT
ajfa-2027	62	7	p	p	X
ajfa-2027	62	8	,	,	PUNCT
ajfa-2027	62	9	d	d	NOUN
ajfa-2027	62	10	,	,	PUNCT
ajfa-2027	62	11	q	q	NOUN
ajfa-2027	62	12	)	)	PUNCT
ajfa-2027	62	13	process	process	NOUN
ajfa-2027	62	14	reduces	reduce	VERB
ajfa-2027	62	15	to	to	ADP
ajfa-2027	62	16	a	a	DET
ajfa-2027	62	17	garch	garch	NOUN
ajfa-2027	62	18	(	(	PUNCT
ajfa-2027	62	19	p	p	X
ajfa-2027	62	20	,	,	PUNCT
ajfa-2027	62	21	q	q	NOUN
ajfa-2027	62	22	)	)	PUNCT
ajfa-2027	62	23	process	process	NOUN
ajfa-2027	62	24	and	and	CCONJ
ajfa-2027	62	25	if	if	SCONJ
ajfa-2027	62	26	d=1	d=1	NOUN
ajfa-2027	62	27	,	,	PUNCT
ajfa-2027	62	28	the	the	DET
ajfa-2027	62	29	figarch	figarch	NOUN
ajfa-2027	62	30	process	process	NOUN
ajfa-2027	62	31	becomes	become	VERB
ajfa-2027	62	32	an	an	DET
ajfa-2027	62	33	integrated	integrated	ADJ
ajfa-2027	62	34	garch	garch	NOUN
ajfa-2027	62	35	process	process	NOUN
ajfa-2027	62	36	.	.	PUNCT
ajfa-2027	63	1	rearranging	rearrange	VERB
ajfa-2027	63	2	the	the	DET
ajfa-2027	63	3	terms	term	NOUN
ajfa-2027	63	4	in	in	ADP
ajfa-2027	63	5	eq.(3	eq.(3	NOUN
ajfa-2027	63	6	)	)	PUNCT
ajfa-2027	63	7	,	,	PUNCT
ajfa-2027	63	8	one	one	PRON
ajfa-2027	63	9	can	can	AUX
ajfa-2027	63	10	write	write	VERB
ajfa-2027	63	11	the	the	DET
ajfa-2027	63	12	figarch	figarch	NOUN
ajfa-2027	63	13	model	model	NOUN
ajfa-2027	63	14	as	as	SCONJ
ajfa-2027	63	15	follows	follow	VERB
ajfa-2027	63	16	:	:	PUNCT
ajfa-2027	63	17	.])1)((1[)](1	.])1)((1[)](1	PROPN
ajfa-2027	64	1	[	[	PUNCT
ajfa-2027	64	2	22	22	NUM
ajfa-2027	64	3	t	t	PROPN
ajfa-2027	64	4	d	d	PROPN
ajfa-2027	64	5	t	t	PROPN
ajfa-2027	64	6	lll	lll	PROPN
ajfa-2027	64	7			PROPN
ajfa-2027	65	1			PROPN
ajfa-2027	65	2	(	(	PUNCT
ajfa-2027	65	3	4	4	X
ajfa-2027	65	4	)	)	PUNCT
ajfa-2027	65	5	the	the	DET
ajfa-2027	65	6	conditional	conditional	ADJ
ajfa-2027	65	7	variance	variance	NOUN
ajfa-2027	65	8	equation	equation	NOUN
ajfa-2027	65	9	of	of	ADP
ajfa-2027	65	10	2	2	NUM
ajfa-2027	65	11	t	t	PROPN
ajfa-2027	65	12	is	be	AUX
ajfa-2027	65	13	obtained	obtain	VERB
ajfa-2027	65	14	by	by	ADP
ajfa-2027	65	15	:	:	PUNCT
ajfa-2027	65	16	22	22	NUM
ajfa-2027	65	17	)	)	PUNCT
ajfa-2027	65	18	1()(1	1()(1	PROPN
ajfa-2027	65	19	[	[	PUNCT
ajfa-2027	65	20	)	)	PUNCT
ajfa-2027	65	21	(	(	PUNCT
ajfa-2027	65	22	1)](1	1)](1	NUM
ajfa-2027	65	23	[	[	X
ajfa-2027	65	24	t	t	NOUN
ajfa-2027	65	25	d	d	X
ajfa-2027	65	26	t	t	PROPN
ajfa-2027	65	27	l	l	NOUN
ajfa-2027	65	28	l	l	NOUN
ajfa-2027	65	29	l	l	NOUN
ajfa-2027	65	30	l	l	NOUN
ajfa-2027	65	31			PROPN
ajfa-2027	65	32			PROPN
ajfa-2027	65	33			NOUN
ajfa-2027	65	34			PROPN
ajfa-2027	65	35			ADJ
ajfa-2027	65	36			PROPN
ajfa-2027	65	37			PROPN
ajfa-2027	65	38			X
ajfa-2027	65	39			NOUN
ajfa-2027	65	40			VERB
ajfa-2027	65	41			PROPN
ajfa-2027	65	42			PROPN
ajfa-2027	65	43			PROPN
ajfa-2027	65	44			PROPN
ajfa-2027	65	45			PROPN
ajfa-2027	65	46			NUM
ajfa-2027	65	47	(	(	PUNCT
ajfa-2027	65	48	5	5	NUM
ajfa-2027	65	49	)	)	PUNCT
ajfa-2027	65	50	that	that	PRON
ajfa-2027	65	51	is	be	AUX
ajfa-2027	65	52	22	22	NUM
ajfa-2027	65	53	)	)	PUNCT
ajfa-2027	65	54	(	(	PUNCT
ajfa-2027	65	55	)	)	PUNCT
ajfa-2027	65	56	]	]	X
ajfa-2027	66	1	1(1	1(1	NUM
ajfa-2027	66	2	[	[	PUNCT
ajfa-2027	66	3	tt	tt	NOUN
ajfa-2027	66	4	l	l	NOUN
ajfa-2027	66	5			PROPN
ajfa-2027	66	6			PROPN
ajfa-2027	66	7			PROPN
ajfa-2027	66	8			PUNCT
ajfa-2027	66	9			PROPN
ajfa-2027	66	10			PROPN
ajfa-2027	66	11	(	(	PUNCT
ajfa-2027	66	12	6	6	NUM
ajfa-2027	66	13	)	)	PUNCT
ajfa-2027	66	14	asian	asian	ADJ
ajfa-2027	66	15	journal	journal	NOUN
ajfa-2027	66	16	of	of	ADP
ajfa-2027	66	17	finance	finance	PROPN
ajfa-2027	66	18	&	&	CCONJ
ajfa-2027	66	19	accounting	accounting	PROPN
ajfa-2027	66	20	issn	issn	PROPN
ajfa-2027	66	21	1946	1946	NUM
ajfa-2027	66	22	-	-	PUNCT
ajfa-2027	66	23	052x	052x	NOUN
ajfa-2027	66	24	2012	2012	NUM
ajfa-2027	66	25	,	,	PUNCT
ajfa-2027	66	26	vol	vol	NOUN
ajfa-2027	66	27	.	.	PROPN
ajfa-2027	66	28	4	4	NUM
ajfa-2027	66	29	,	,	PUNCT
ajfa-2027	66	30	no	no	INTJ
ajfa-2027	66	31	.	.	NOUN
ajfa-2027	66	32	2	2	NUM
ajfa-2027	66	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2027	66	34	222	222	NUM
ajfa-2027	66	35	where	where	SCONJ
ajfa-2027	66	36	....	....	PUNCT
ajfa-2027	66	37	)	)	PUNCT
ajfa-2027	66	38	(	(	PUNCT
ajfa-2027	66	39	2	2	NUM
ajfa-2027	66	40	21	21	NUM
ajfa-2027	66	41	lll	lll	NOUN
ajfa-2027	66	42			PROPN
ajfa-2027	66	43			ADJ
ajfa-2027	66	44	baillie	baillie	PROPN
ajfa-2027	66	45	et	et	PROPN
ajfa-2027	66	46	al	al	PROPN
ajfa-2027	66	47	.	.	PROPN
ajfa-2027	66	48	(	(	PUNCT
ajfa-2027	66	49	1996	1996	NUM
ajfa-2027	66	50	)	)	PUNCT
ajfa-2027	66	51	mention	mention	VERB
ajfa-2027	66	52	that	that	SCONJ
ajfa-2027	66	53	the	the	DET
ajfa-2027	66	54	impact	impact	NOUN
ajfa-2027	66	55	of	of	ADP
ajfa-2027	66	56	a	a	DET
ajfa-2027	66	57	shock	shock	NOUN
ajfa-2027	66	58	on	on	ADP
ajfa-2027	66	59	conditional	conditional	ADJ
ajfa-2027	66	60	variance	variance	NOUN
ajfa-2027	66	61	of	of	ADP
ajfa-2027	66	62	figarch(p	figarch(p	PROPN
ajfa-2027	66	63	,	,	PUNCT
ajfa-2027	66	64	d	d	NOUN
ajfa-2027	66	65	,	,	PUNCT
ajfa-2027	66	66	q	q	NOUN
ajfa-2027	66	67	)	)	PUNCT
ajfa-2027	66	68	processes	process	NOUN
ajfa-2027	66	69	decrease	decrease	NOUN
ajfa-2027	66	70	at	at	ADP
ajfa-2027	66	71	a	a	DET
ajfa-2027	66	72	hyperbolic	hyperbolic	ADJ
ajfa-2027	66	73	rate	rate	NOUN
ajfa-2027	66	74	when	when	SCONJ
ajfa-2027	66	75	.10	.10	NUM
ajfa-2027	66	76			PROPN
ajfa-2027	67	1	d	d	NOUN
ajfa-2027	67	2	hence	hence	ADV
ajfa-2027	67	3	,	,	PUNCT
ajfa-2027	67	4	the	the	DET
ajfa-2027	67	5	long	long	ADJ
ajfa-2027	67	6	term	term	NOUN
ajfa-2027	67	7	dynamic	dynamic	NOUN
ajfa-2027	67	8	is	be	AUX
ajfa-2027	67	9	taken	take	VERB
ajfa-2027	67	10	into	into	ADP
ajfa-2027	67	11	account	account	NOUN
ajfa-2027	67	12	by	by	ADP
ajfa-2027	67	13	the	the	DET
ajfa-2027	67	14	fractional	fractional	ADJ
ajfa-2027	67	15	integrated	integrate	VERB
ajfa-2027	67	16	parameter	parameter	NOUN
ajfa-2027	67	17	d	d	NOUN
ajfa-2027	67	18	and	and	CCONJ
ajfa-2027	67	19	the	the	DET
ajfa-2027	67	20	short	short	ADJ
ajfa-2027	67	21	dynamic	dynamic	NOUN
ajfa-2027	67	22	is	be	AUX
ajfa-2027	67	23	captured	capture	VERB
ajfa-2027	67	24	through	through	ADP
ajfa-2027	67	25	traditional	traditional	ADJ
ajfa-2027	67	26	garch	garch	NOUN
ajfa-2027	67	27	model	model	NOUN
ajfa-2027	67	28	parameters	parameter	NOUN
ajfa-2027	67	29	.	.	PUNCT
ajfa-2027	68	1	baillie	baillie	PROPN
ajfa-2027	68	2	et	et	PROPN
ajfa-2027	68	3	al	al	PROPN
ajfa-2027	68	4	(	(	PUNCT
ajfa-2027	68	5	1996	1996	NUM
ajfa-2027	68	6	)	)	PUNCT
ajfa-2027	68	7	through	through	ADP
ajfa-2027	68	8	simulations	simulation	NOUN
ajfa-2027	68	9	demonstrated	demonstrate	VERB
ajfa-2027	68	10	that	that	SCONJ
ajfa-2027	68	11	quasi	quasi	ADJ
ajfa-2027	68	12	maximum	maximum	ADJ
ajfa-2027	68	13	likelihood	likelihood	NOUN
ajfa-2027	68	14	(	(	PUNCT
ajfa-2027	68	15	qmle	qmle	NOUN
ajfa-2027	68	16	)	)	PUNCT
ajfa-2027	68	17	estimation	estimation	NOUN
ajfa-2027	68	18	method	method	NOUN
ajfa-2027	68	19	performs	perform	VERB
ajfa-2027	68	20	better	well	ADV
ajfa-2027	68	21	in	in	ADP
ajfa-2027	68	22	case	case	NOUN
ajfa-2027	68	23	of	of	ADP
ajfa-2027	68	24	high	high	ADJ
ajfa-2027	68	25	frequency	frequency	NOUN
ajfa-2027	68	26	financial	financial	ADJ
ajfa-2027	68	27	data	datum	NOUN
ajfa-2027	68	28	.	.	PUNCT
ajfa-2027	69	1	therefore	therefore	ADV
ajfa-2027	69	2	,	,	PUNCT
ajfa-2027	69	3	we	we	PRON
ajfa-2027	69	4	use	use	VERB
ajfa-2027	69	5	qmle	qmle	NOUN
ajfa-2027	69	6	method	method	VERB
ajfa-2027	69	7	to	to	PART
ajfa-2027	69	8	estimate	estimate	VERB
ajfa-2027	69	9	the	the	DET
ajfa-2027	69	10	results	result	NOUN
ajfa-2027	69	11	of	of	ADP
ajfa-2027	69	12	arfima	arfima	NOUN
ajfa-2027	69	13	-	-	PUNCT
ajfa-2027	69	14	figarch	figarch	NOUN
ajfa-2027	69	15	model	model	NOUN
ajfa-2027	69	16	.	.	PROPN
ajfa-2027	70	1	3.2	3.2	NUM
ajfa-2027	70	2	the	the	DET
ajfa-2027	70	3	adjusted	adjust	VERB
ajfa-2027	70	4	pearson	pearson	NOUN
ajfa-2027	70	5	goodness	goodness	PROPN
ajfa-2027	70	6	-	-	PUNCT
ajfa-2027	70	7	of	of	ADP
ajfa-2027	70	8	-	-	PUNCT
ajfa-2027	70	9	fit	fit	NOUN
ajfa-2027	70	10	test	test	NOUN
ajfa-2027	70	11	the	the	DET
ajfa-2027	70	12	adjusted	adjust	VERB
ajfa-2027	70	13	pearson	pearson	NOUN
ajfa-2027	70	14	goodness	goodness	PROPN
ajfa-2027	70	15	-	-	PUNCT
ajfa-2027	70	16	of	of	ADP
ajfa-2027	70	17	-	-	PUNCT
ajfa-2027	70	18	fit	fit	ADJ
ajfa-2027	70	19	test	test	NOUN
ajfa-2027	70	20	can	can	AUX
ajfa-2027	70	21	access	access	VERB
ajfa-2027	70	22	the	the	DET
ajfa-2027	70	23	relevance	relevance	NOUN
ajfa-2027	70	24	of	of	ADP
ajfa-2027	70	25	various	various	ADJ
ajfa-2027	70	26	estimated	estimate	VERB
ajfa-2027	70	27	distributions	distribution	NOUN
ajfa-2027	70	28	like	like	ADP
ajfa-2027	70	29	normal	normal	ADJ
ajfa-2027	70	30	and	and	CCONJ
ajfa-2027	70	31	skewed	skewed	ADJ
ajfa-2027	70	32	student	student	NOUN
ajfa-2027	70	33	-	-	PUNCT
ajfa-2027	70	34	t	t	NOUN
ajfa-2027	70	35	distribution	distribution	NOUN
ajfa-2027	70	36	.	.	PUNCT
ajfa-2027	71	1	it	it	PRON
ajfa-2027	71	2	compares	compare	VERB
ajfa-2027	71	3	the	the	DET
ajfa-2027	71	4	empirical	empirical	ADJ
ajfa-2027	71	5	distribution	distribution	NOUN
ajfa-2027	71	6	with	with	ADP
ajfa-2027	71	7	theoretical	theoretical	ADJ
ajfa-2027	71	8	innovations	innovation	NOUN
ajfa-2027	71	9	.	.	PUNCT
ajfa-2027	72	1	palm	palm	NOUN
ajfa-2027	72	2	and	and	CCONJ
ajfa-2027	72	3	vlaar(1997	vlaar(1997	NOUN
ajfa-2027	72	4	)	)	PUNCT
ajfa-2027	72	5	classify	classify	VERB
ajfa-2027	72	6	the	the	DET
ajfa-2027	72	7	residuals	residual	NOUN
ajfa-2027	72	8	in	in	ADP
ajfa-2027	72	9	cells	cell	NOUN
ajfa-2027	72	10	corresponding	correspond	VERB
ajfa-2027	72	11	to	to	ADP
ajfa-2027	72	12	their	their	PRON
ajfa-2027	72	13	magnitude	magnitude	NOUN
ajfa-2027	72	14	to	to	PART
ajfa-2027	72	15	implement	implement	VERB
ajfa-2027	72	16	the	the	DET
ajfa-2027	72	17	test	test	NOUN
ajfa-2027	72	18	.	.	PUNCT
ajfa-2027	73	1	the	the	DET
ajfa-2027	73	2	pearson	pearson	PROPN
ajfa-2027	73	3	goodness	goodness	PROPN
ajfa-2027	73	4	-	-	PUNCT
ajfa-2027	73	5	of	of	ADP
ajfa-2027	73	6	-	-	PUNCT
ajfa-2027	73	7	fit	fit	ADJ
ajfa-2027	73	8	statistics	statistic	NOUN
ajfa-2027	73	9	for	for	ADP
ajfa-2027	73	10	a	a	DET
ajfa-2027	73	11	given	give	VERB
ajfa-2027	73	12	number	number	NOUN
ajfa-2027	73	13	of	of	ADP
ajfa-2027	73	14	cells	cell	NOUN
ajfa-2027	73	15	denoted	denote	VERB
ajfa-2027	73	16	g	g	NOUN
ajfa-2027	73	17	is	be	AUX
ajfa-2027	73	18	given	give	VERB
ajfa-2027	73	19	as	as	SCONJ
ajfa-2027	73	20	follows	follow	VERB
ajfa-2027	73	21	:	:	PUNCT
ajfa-2027	74	1	i	i	PRON
ajfa-2027	74	2	g	g	PROPN
ajfa-2027	75	1	i	i	PRON
ajfa-2027	75	2	ii	ii	PROPN
ajfa-2027	75	3	en	en	X
ajfa-2027	75	4	enn	enn	PROPN
ajfa-2027	75	5	gp	gp	X
ajfa-2027	75	6			X
ajfa-2027	76	1			NUM
ajfa-2027	76	2			VERB
ajfa-2027	76	3			NOUN
ajfa-2027	76	4	1	1	NUM
ajfa-2027	76	5	2	2	NUM
ajfa-2027	76	6	)	)	PUNCT
ajfa-2027	76	7	(	(	PUNCT
ajfa-2027	76	8	)	)	PUNCT
ajfa-2027	76	9	(	(	PUNCT
ajfa-2027	76	10	(	(	PUNCT
ajfa-2027	76	11	7	7	X
ajfa-2027	76	12	)	)	PUNCT
ajfa-2027	76	13	where	where	SCONJ
ajfa-2027	76	14	in	in	ADP
ajfa-2027	76	15	is	be	AUX
ajfa-2027	76	16	the	the	DET
ajfa-2027	76	17	number	number	NOUN
ajfa-2027	76	18	of	of	ADP
ajfa-2027	76	19	observations	observation	NOUN
ajfa-2027	76	20	in	in	ADP
ajfa-2027	76	21	cell	cell	NOUN
ajfa-2027	76	22	i	i	PRON
ajfa-2027	76	23	,	,	PUNCT
ajfa-2027	76	24	and	and	CCONJ
ajfa-2027	76	25	ien	ien	PROPN
ajfa-2027	76	26	is	be	AUX
ajfa-2027	76	27	the	the	DET
ajfa-2027	76	28	expected	expect	VERB
ajfa-2027	76	29	number	number	NOUN
ajfa-2027	76	30	of	of	ADP
ajfa-2027	76	31	observations	observation	NOUN
ajfa-2027	76	32	.	.	PUNCT
ajfa-2027	77	1	under	under	ADP
ajfa-2027	77	2	the	the	DET
ajfa-2027	77	3	null	null	ADJ
ajfa-2027	77	4	hypothesis	hypothesis	NOUN
ajfa-2027	77	5	of	of	ADP
ajfa-2027	77	6	a	a	DET
ajfa-2027	77	7	correct	correct	ADJ
ajfa-2027	77	8	distribution	distribution	NOUN
ajfa-2027	77	9	,	,	PUNCT
ajfa-2027	77	10	p(g	p(g	NOUN
ajfa-2027	77	11	)	)	PUNCT
ajfa-2027	77	12	statistics	statistic	NOUN
ajfa-2027	77	13	is	be	AUX
ajfa-2027	77	14	distributed	distribute	VERB
ajfa-2027	77	15	as	as	ADP
ajfa-2027	77	16	)	)	PUNCT
ajfa-2027	77	17	1(2	1(2	PROPN
ajfa-2027	77	18	g	g	PROPN
ajfa-2027	77	19	.	.	PUNCT
ajfa-2027	78	1	since	since	SCONJ
ajfa-2027	78	2	there	there	PRON
ajfa-2027	78	3	is	be	VERB
ajfa-2027	78	4	no	no	DET
ajfa-2027	78	5	consensus	consensus	NOUN
ajfa-2027	78	6	on	on	ADP
ajfa-2027	78	7	the	the	DET
ajfa-2027	78	8	proper	proper	ADJ
ajfa-2027	78	9	choice	choice	NOUN
ajfa-2027	78	10	of	of	ADP
ajfa-2027	78	11	g	g	PROPN
ajfa-2027	78	12	in	in	ADP
ajfa-2027	78	13	literature	literature	NOUN
ajfa-2027	78	14	,	,	PUNCT
ajfa-2027	78	15	we	we	PRON
ajfa-2027	78	16	set	set	VERB
ajfa-2027	78	17	g	g	PRON
ajfa-2027	78	18	equal	equal	ADJ
ajfa-2027	78	19	to	to	ADP
ajfa-2027	78	20	60	60	NUM
ajfa-2027	78	21	for	for	ADP
ajfa-2027	78	22	our	our	PRON
ajfa-2027	78	23	sample	sample	NOUN
ajfa-2027	78	24	size	size	NOUN
ajfa-2027	78	25	.	.	PUNCT
ajfa-2027	79	1	4	4	X
ajfa-2027	79	2	.	.	X
ajfa-2027	79	3	empirical	empirical	ADJ
ajfa-2027	79	4	results	result	NOUN
ajfa-2027	79	5	4.1	4.1	NUM
ajfa-2027	79	6	preliminary	preliminary	ADJ
ajfa-2027	79	7	analysis	analysis	NOUN
ajfa-2027	79	8	of	of	ADP
ajfa-2027	79	9	data	datum	NOUN
ajfa-2027	79	10	we	we	PRON
ajfa-2027	79	11	consider	consider	VERB
ajfa-2027	79	12	daily	daily	ADJ
ajfa-2027	79	13	returns	return	NOUN
ajfa-2027	79	14	of	of	ADP
ajfa-2027	79	15	two	two	NUM
ajfa-2027	79	16	most	most	ADV
ajfa-2027	79	17	popular	popular	ADJ
ajfa-2027	79	18	and	and	CCONJ
ajfa-2027	79	19	widely	widely	ADV
ajfa-2027	79	20	quoted	quote	VERB
ajfa-2027	79	21	stock	stock	NOUN
ajfa-2027	79	22	indices	index	NOUN
ajfa-2027	79	23	-	-	PUNCT
ajfa-2027	79	24	bombay	bombay	PROPN
ajfa-2027	79	25	stock	stock	NOUN
ajfa-2027	79	26	exchange	exchange	PROPN
ajfa-2027	79	27	and	and	CCONJ
ajfa-2027	79	28	national	national	ADJ
ajfa-2027	79	29	stock	stock	PROPN
ajfa-2027	79	30	exchange	exchange	PROPN
ajfa-2027	79	31	of	of	ADP
ajfa-2027	79	32	india	india	PROPN
ajfa-2027	79	33	.	.	PUNCT
ajfa-2027	80	1	the	the	DET
ajfa-2027	80	2	bombay	bombay	PROPN
ajfa-2027	80	3	stock	stock	PROPN
ajfa-2027	80	4	exchange	exchange	PROPN
ajfa-2027	80	5	is	be	AUX
ajfa-2027	80	6	the	the	DET
ajfa-2027	80	7	oldest	old	ADJ
ajfa-2027	80	8	stock	stock	NOUN
ajfa-2027	80	9	exchange	exchange	NOUN
ajfa-2027	80	10	in	in	ADP
ajfa-2027	80	11	asia	asia	PROPN
ajfa-2027	80	12	.	.	PUNCT
ajfa-2027	81	1	the	the	DET
ajfa-2027	81	2	bse	bse	NOUN
ajfa-2027	81	3	sensitivity	sensitivity	NOUN
ajfa-2027	81	4	index(sensex	index(sensex	PROPN
ajfa-2027	81	5	)	)	PUNCT
ajfa-2027	81	6	is	be	AUX
ajfa-2027	81	7	launched	launch	VERB
ajfa-2027	81	8	in	in	ADP
ajfa-2027	81	9	1986	1986	NUM
ajfa-2027	81	10	.	.	PUNCT
ajfa-2027	82	1	it	it	PRON
ajfa-2027	82	2	comprises	comprise	VERB
ajfa-2027	82	3	30	30	NUM
ajfa-2027	82	4	shares	share	NOUN
ajfa-2027	82	5	and	and	CCONJ
ajfa-2027	82	6	its	its	PRON
ajfa-2027	82	7	base	base	NOUN
ajfa-2027	82	8	year	year	NOUN
ajfa-2027	82	9	is	be	AUX
ajfa-2027	82	10	1978	1978	NUM
ajfa-2027	82	11	-	-	SYM
ajfa-2027	82	12	79	79	NUM
ajfa-2027	82	13	.	.	PUNCT
ajfa-2027	83	1	the	the	DET
ajfa-2027	83	2	major	major	ADJ
ajfa-2027	83	3	criteria	criterion	NOUN
ajfa-2027	83	4	for	for	ADP
ajfa-2027	83	5	selection	selection	NOUN
ajfa-2027	83	6	of	of	ADP
ajfa-2027	83	7	a	a	DET
ajfa-2027	83	8	scrip	scrip	NOUN
ajfa-2027	83	9	in	in	ADP
ajfa-2027	83	10	the	the	DET
ajfa-2027	83	11	bse	bse	NOUN
ajfa-2027	83	12	sensex	sensex	NOUN
ajfa-2027	83	13	is	be	AUX
ajfa-2027	83	14	large	large	ADJ
ajfa-2027	83	15	market	market	NOUN
ajfa-2027	83	16	capitalization	capitalization	NOUN
ajfa-2027	83	17	.	.	PUNCT
ajfa-2027	84	1	besides	besides	SCONJ
ajfa-2027	84	2	this	this	DET
ajfa-2027	84	3	criteria	criterion	NOUN
ajfa-2027	84	4	,	,	PUNCT
ajfa-2027	84	5	other	other	ADJ
ajfa-2027	84	6	criteria	criterion	NOUN
ajfa-2027	84	7	like	like	ADP
ajfa-2027	84	8	number	number	NOUN
ajfa-2027	84	9	of	of	ADP
ajfa-2027	84	10	trades	trade	NOUN
ajfa-2027	84	11	,	,	PUNCT
ajfa-2027	84	12	average	average	ADJ
ajfa-2027	84	13	value	value	NOUN
ajfa-2027	84	14	of	of	ADP
ajfa-2027	84	15	shares	share	NOUN
ajfa-2027	84	16	traded	trade	VERB
ajfa-2027	84	17	per	per	ADP
ajfa-2027	84	18	day	day	NOUN
ajfa-2027	84	19	as	as	ADP
ajfa-2027	84	20	a	a	DET
ajfa-2027	84	21	percentage	percentage	NOUN
ajfa-2027	84	22	of	of	ADP
ajfa-2027	84	23	total	total	ADJ
ajfa-2027	84	24	number	number	NOUN
ajfa-2027	84	25	of	of	ADP
ajfa-2027	84	26	outstanding	outstanding	ADJ
ajfa-2027	84	27	shares	share	NOUN
ajfa-2027	84	28	are	be	AUX
ajfa-2027	84	29	considered	consider	VERB
ajfa-2027	84	30	for	for	ADP
ajfa-2027	84	31	inclusion	inclusion	NOUN
ajfa-2027	84	32	in	in	ADP
ajfa-2027	84	33	sensex	sensex	NOUN
ajfa-2027	84	34	.	.	PUNCT
ajfa-2027	85	1	another	another	DET
ajfa-2027	85	2	index	index	NOUN
ajfa-2027	85	3	which	which	PRON
ajfa-2027	85	4	has	have	AUX
ajfa-2027	85	5	become	become	VERB
ajfa-2027	85	6	popular	popular	ADJ
ajfa-2027	85	7	in	in	ADP
ajfa-2027	85	8	a	a	DET
ajfa-2027	85	9	short	short	ADJ
ajfa-2027	85	10	span	span	NOUN
ajfa-2027	85	11	of	of	ADP
ajfa-2027	85	12	time	time	NOUN
ajfa-2027	85	13	is	be	AUX
ajfa-2027	85	14	the	the	DET
ajfa-2027	85	15	s&p	s&p	PROPN
ajfa-2027	85	16	cnx	cnx	PROPN
ajfa-2027	85	17	nifty	nifty	NOUN
ajfa-2027	85	18	of	of	ADP
ajfa-2027	85	19	national	national	ADJ
ajfa-2027	85	20	stock	stock	PROPN
ajfa-2027	85	21	exchange	exchange	PROPN
ajfa-2027	85	22	of	of	ADP
ajfa-2027	85	23	india	india	PROPN
ajfa-2027	85	24	.	.	PUNCT
ajfa-2027	86	1	the	the	DET
ajfa-2027	86	2	national	national	PROPN
ajfa-2027	86	3	stock	stock	PROPN
ajfa-2027	86	4	exchange	exchange	PROPN
ajfa-2027	86	5	began	begin	VERB
ajfa-2027	86	6	equity	equity	NOUN
ajfa-2027	86	7	trading	trading	NOUN
ajfa-2027	86	8	in	in	ADP
ajfa-2027	86	9	november	november	PROPN
ajfa-2027	86	10	1994	1994	NUM
ajfa-2027	86	11	.	.	PUNCT
ajfa-2027	87	1	nse	nse	NOUN
ajfa-2027	87	2	introduced	introduce	VERB
ajfa-2027	87	3	this	this	DET
ajfa-2027	87	4	index	index	NOUN
ajfa-2027	87	5	to	to	PART
ajfa-2027	87	6	reflect	reflect	VERB
ajfa-2027	87	7	the	the	DET
ajfa-2027	87	8	market	market	NOUN
ajfa-2027	87	9	movements	movement	NOUN
ajfa-2027	87	10	more	more	ADV
ajfa-2027	87	11	accurately	accurately	ADV
ajfa-2027	87	12	,	,	PUNCT
ajfa-2027	87	13	provide	provide	VERB
ajfa-2027	87	14	for	for	ADP
ajfa-2027	87	15	managers	manager	NOUN
ajfa-2027	87	16	with	with	ADP
ajfa-2027	87	17	a	a	DET
ajfa-2027	87	18	benchmark	benchmark	NOUN
ajfa-2027	87	19	for	for	ADP
ajfa-2027	87	20	measuring	measure	VERB
ajfa-2027	87	21	portfolio	portfolio	NOUN
ajfa-2027	87	22	performance	performance	NOUN
ajfa-2027	87	23	.	.	PUNCT
ajfa-2027	88	1	the	the	DET
ajfa-2027	88	2	s&pcnx	s&pcnx	PROPN
ajfa-2027	88	3	nifty	nifty	ADJ
ajfa-2027	88	4	launched	launch	VERB
ajfa-2027	88	5	comprises	comprise	NOUN
ajfa-2027	88	6	of	of	ADP
ajfa-2027	88	7	50	50	NUM
ajfa-2027	88	8	scrips	scrip	NOUN
ajfa-2027	88	9	which	which	PRON
ajfa-2027	88	10	are	be	AUX
ajfa-2027	88	11	selected	select	VERB
ajfa-2027	88	12	on	on	ADP
ajfa-2027	88	13	the	the	DET
ajfa-2027	88	14	basis	basis	NOUN
ajfa-2027	88	15	of	of	ADP
ajfa-2027	88	16	low	low	ADJ
ajfa-2027	88	17	impact	impact	NOUN
ajfa-2027	88	18	cost	cost	NOUN
ajfa-2027	88	19	,	,	PUNCT
ajfa-2027	88	20	high	high	ADJ
ajfa-2027	88	21	liquidity	liquidity	NOUN
ajfa-2027	88	22	and	and	CCONJ
ajfa-2027	88	23	market	market	NOUN
ajfa-2027	88	24	capitalization	capitalization	NOUN
ajfa-2027	88	25	.	.	PUNCT
ajfa-2027	89	1	the	the	DET
ajfa-2027	89	2	dataset	dataset	NOUN
ajfa-2027	89	3	consists	consist	VERB
ajfa-2027	89	4	of	of	ADP
ajfa-2027	89	5	daily	daily	ADJ
ajfa-2027	89	6	asian	asian	ADJ
ajfa-2027	89	7	journal	journal	NOUN
ajfa-2027	89	8	of	of	ADP
ajfa-2027	89	9	finance	finance	PROPN
ajfa-2027	89	10	&	&	CCONJ
ajfa-2027	89	11	accounting	accounting	PROPN
ajfa-2027	89	12	issn	issn	PROPN
ajfa-2027	89	13	1946	1946	NUM
ajfa-2027	89	14	-	-	PUNCT
ajfa-2027	89	15	052x	052x	NOUN
ajfa-2027	89	16	2012	2012	NUM
ajfa-2027	89	17	,	,	PUNCT
ajfa-2027	89	18	vol	vol	NOUN
ajfa-2027	89	19	.	.	PROPN
ajfa-2027	90	1	4	4	NUM
ajfa-2027	90	2	,	,	PUNCT
ajfa-2027	90	3	no	no	INTJ
ajfa-2027	90	4	.	.	NOUN
ajfa-2027	90	5	2	2	NUM
ajfa-2027	90	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2027	90	7	223	223	NUM
ajfa-2027	90	8	closing	closing	NOUN
ajfa-2027	90	9	prices	price	NOUN
ajfa-2027	90	10	starting	start	VERB
ajfa-2027	90	11	from	from	ADP
ajfa-2027	90	12	january	january	PROPN
ajfa-2027	90	13	2	2	NUM
ajfa-2027	90	14	,	,	PUNCT
ajfa-2027	90	15	2008	2008	NUM
ajfa-2027	90	16	to	to	ADP
ajfa-2027	90	17	august	august	PROPN
ajfa-2027	90	18	10	10	NUM
ajfa-2027	90	19	,	,	PUNCT
ajfa-2027	90	20	2011	2011	NUM
ajfa-2027	90	21	covering	cover	VERB
ajfa-2027	90	22	890	890	NUM
ajfa-2027	90	23	observations	observation	NOUN
ajfa-2027	90	24	.	.	PUNCT
ajfa-2027	91	1	the	the	DET
ajfa-2027	91	2	period	period	NOUN
ajfa-2027	91	3	is	be	AUX
ajfa-2027	91	4	the	the	DET
ajfa-2027	91	5	most	most	ADV
ajfa-2027	91	6	recent	recent	ADJ
ajfa-2027	91	7	.	.	PUNCT
ajfa-2027	92	1	the	the	DET
ajfa-2027	92	2	economy	economy	NOUN
ajfa-2027	92	3	has	have	AUX
ajfa-2027	92	4	also	also	ADV
ajfa-2027	92	5	been	be	AUX
ajfa-2027	92	6	affected	affect	VERB
ajfa-2027	92	7	by	by	ADP
ajfa-2027	92	8	global	global	ADJ
ajfa-2027	92	9	financial	financial	ADJ
ajfa-2027	92	10	crisis	crisis	NOUN
ajfa-2027	92	11	at	at	ADP
ajfa-2027	92	12	different	different	ADJ
ajfa-2027	92	13	point	point	NOUN
ajfa-2027	92	14	in	in	ADP
ajfa-2027	92	15	time	time	NOUN
ajfa-2027	92	16	during	during	ADP
ajfa-2027	92	17	the	the	DET
ajfa-2027	92	18	period	period	NOUN
ajfa-2027	92	19	,	,	PUNCT
ajfa-2027	92	20	leading	lead	VERB
ajfa-2027	92	21	to	to	ADP
ajfa-2027	92	22	some	some	DET
ajfa-2027	92	23	fluctuations	fluctuation	NOUN
ajfa-2027	92	24	in	in	ADP
ajfa-2027	92	25	the	the	DET
ajfa-2027	92	26	stock	stock	NOUN
ajfa-2027	92	27	prices	price	NOUN
ajfa-2027	92	28	.	.	PUNCT
ajfa-2027	93	1	this	this	DET
ajfa-2027	93	2	study	study	NOUN
ajfa-2027	93	3	which	which	PRON
ajfa-2027	93	4	uses	use	VERB
ajfa-2027	93	5	the	the	DET
ajfa-2027	93	6	data	datum	NOUN
ajfa-2027	93	7	set	set	VERB
ajfa-2027	93	8	covering	cover	VERB
ajfa-2027	93	9	the	the	DET
ajfa-2027	93	10	crisis	crisis	NOUN
ajfa-2027	93	11	period	period	NOUN
ajfa-2027	93	12	is	be	AUX
ajfa-2027	93	13	,	,	PUNCT
ajfa-2027	93	14	therefore	therefore	ADV
ajfa-2027	93	15	,	,	PUNCT
ajfa-2027	93	16	relevant	relevant	ADJ
ajfa-2027	93	17	and	and	CCONJ
ajfa-2027	93	18	instructive	instructive	ADJ
ajfa-2027	93	19	for	for	ADP
ajfa-2027	93	20	the	the	DET
ajfa-2027	93	21	analysis	analysis	NOUN
ajfa-2027	93	22	.	.	PUNCT
ajfa-2027	94	1	the	the	DET
ajfa-2027	94	2	daily	daily	ADJ
ajfa-2027	94	3	stock	stock	NOUN
ajfa-2027	94	4	returns	return	NOUN
ajfa-2027	94	5	are	be	AUX
ajfa-2027	94	6	defined	define	VERB
ajfa-2027	94	7	as	as	ADP
ajfa-2027	94	8	logarithmic	logarithmic	ADJ
ajfa-2027	94	9	difference	difference	NOUN
ajfa-2027	94	10	of	of	ADP
ajfa-2027	94	11	the	the	DET
ajfa-2027	94	12	daily	daily	ADJ
ajfa-2027	94	13	closing	closing	NOUN
ajfa-2027	94	14	price	price	NOUN
ajfa-2027	94	15	of	of	ADP
ajfa-2027	94	16	respective	respective	ADJ
ajfa-2027	94	17	indices	index	NOUN
ajfa-2027	94	18	.	.	PUNCT
ajfa-2027	95	1	the	the	DET
ajfa-2027	95	2	descriptive	descriptive	ADJ
ajfa-2027	95	3	statistics	statistic	NOUN
ajfa-2027	95	4	of	of	ADP
ajfa-2027	95	5	these	these	DET
ajfa-2027	95	6	two	two	NUM
ajfa-2027	95	7	indices	index	NOUN
ajfa-2027	95	8	are	be	AUX
ajfa-2027	95	9	reported	report	VERB
ajfa-2027	95	10	in	in	ADP
ajfa-2027	95	11	table	table	NOUN
ajfa-2027	95	12	1	1	NUM
ajfa-2027	95	13	.	.	PUNCT
ajfa-2027	95	14	table	table	NOUN
ajfa-2027	95	15	1	1	NUM
ajfa-2027	95	16	.	.	PUNCT
ajfa-2027	95	17	descriptive	descriptive	ADJ
ajfa-2027	95	18	statistics	statistic	NOUN
ajfa-2027	95	19	of	of	ADP
ajfa-2027	95	20	sample	sample	NOUN
ajfa-2027	95	21	return	return	NOUN
ajfa-2027	95	22	series	series	PROPN
ajfa-2027	96	1	descriptive	descriptive	ADJ
ajfa-2027	96	2	statistics	statistics	PROPN
ajfa-2027	96	3	bse	bse	PROPN
ajfa-2027	96	4	nse	nse	NOUN
ajfa-2027	96	5	mean	mean	PROPN
ajfa-2027	96	6	-0.0002	-0.0002	NOUN
ajfa-2027	96	7	-0.0001	-0.0001	NOUN
ajfa-2027	96	8	standard	standard	ADJ
ajfa-2027	96	9	deviation	deviation	NOUN
ajfa-2027	96	10	0.0203	0.0203	NUM
ajfa-2027	96	11	0.0199	0.0199	NUM
ajfa-2027	96	12	skewness	skewness	NOUN
ajfa-2027	96	13	0.2873	0.2873	NUM
ajfa-2027	96	14	0.1705	0.1705	NUM
ajfa-2027	96	15	kurtosis	kurtosis	VERB
ajfa-2027	96	16	9.6177	9.6177	NUM
ajfa-2027	96	17	11.0789	11.0789	NUM
ajfa-2027	96	18	jarque	jarque	NOUN
ajfa-2027	96	19	-	-	PUNCT
ajfa-2027	96	20	bera	bera	NOUN
ajfa-2027	96	21	1632.57	1632.57	NUM
ajfa-2027	96	22	2419.23	2419.23	NUM
ajfa-2027	96	23	q(20	q(20	VERB
ajfa-2027	96	24	)	)	PUNCT
ajfa-2027	96	25	32.07	32.07	NUM
ajfa-2027	96	26	35.77	35.77	NUM
ajfa-2027	96	27	qs(20	qs(20	NOUN
ajfa-2027	96	28	)	)	PUNCT
ajfa-2027	96	29	279.94	279.94	NUM
ajfa-2027	96	30	195.76	195.76	NUM
ajfa-2027	96	31	all	all	DET
ajfa-2027	96	32	the	the	DET
ajfa-2027	96	33	return	return	NOUN
ajfa-2027	96	34	series	series	NOUN
ajfa-2027	96	35	reveal	reveal	VERB
ajfa-2027	96	36	that	that	SCONJ
ajfa-2027	96	37	they	they	PRON
ajfa-2027	96	38	do	do	AUX
ajfa-2027	96	39	not	not	PART
ajfa-2027	96	40	correspond	correspond	VERB
ajfa-2027	96	41	with	with	ADP
ajfa-2027	96	42	normal	normal	ADJ
ajfa-2027	96	43	distribution	distribution	NOUN
ajfa-2027	96	44	assumption	assumption	NOUN
ajfa-2027	96	45	.	.	PUNCT
ajfa-2027	97	1	jarque	jarque	NOUN
ajfa-2027	97	2	-	-	PUNCT
ajfa-2027	97	3	bera	bera	NOUN
ajfa-2027	97	4	statistics	statistic	NOUN
ajfa-2027	97	5	suggest	suggest	VERB
ajfa-2027	97	6	that	that	SCONJ
ajfa-2027	97	7	there	there	PRON
ajfa-2027	97	8	are	be	VERB
ajfa-2027	97	9	significant	significant	ADJ
ajfa-2027	97	10	departures	departure	NOUN
ajfa-2027	97	11	from	from	ADP
ajfa-2027	97	12	normality	normality	NOUN
ajfa-2027	97	13	.	.	PUNCT
ajfa-2027	98	1	we	we	PRON
ajfa-2027	98	2	examine	examine	VERB
ajfa-2027	98	3	the	the	DET
ajfa-2027	98	4	null	null	ADJ
ajfa-2027	98	5	hypothesis	hypothesis	NOUN
ajfa-2027	98	6	of	of	ADP
ajfa-2027	98	7	white	white	ADJ
ajfa-2027	98	8	noise	noise	NOUN
ajfa-2027	98	9	using	use	VERB
ajfa-2027	98	10	the	the	DET
ajfa-2027	98	11	box	box	PROPN
ajfa-2027	98	12	-	-	PUNCT
ajfa-2027	98	13	pierce	pierce	PROPN
ajfa-2027	98	14	statistics	statistic	NOUN
ajfa-2027	98	15	of	of	ADP
ajfa-2027	98	16	the	the	DET
ajfa-2027	98	17	return	return	NOUN
ajfa-2027	98	18	residuals(q(20	residuals(q(20	NOUN
ajfa-2027	98	19	)	)	PUNCT
ajfa-2027	98	20	and	and	CCONJ
ajfa-2027	98	21	squared	square	VERB
ajfa-2027	98	22	return	return	NOUN
ajfa-2027	98	23	residuals	residual	NOUN
ajfa-2027	98	24	qs((20	qs((20	NOUN
ajfa-2027	98	25	)	)	PUNCT
ajfa-2027	98	26	)	)	PUNCT
ajfa-2027	98	27	.	.	PUNCT
ajfa-2027	99	1	from	from	ADP
ajfa-2027	99	2	the	the	DET
ajfa-2027	99	3	results	result	NOUN
ajfa-2027	99	4	,	,	PUNCT
ajfa-2027	99	5	we	we	PRON
ajfa-2027	99	6	certainly	certainly	ADV
ajfa-2027	99	7	reject	reject	VERB
ajfa-2027	99	8	the	the	DET
ajfa-2027	99	9	null	null	ADJ
ajfa-2027	99	10	hypothesis	hypothesis	NOUN
ajfa-2027	99	11	of	of	ADP
ajfa-2027	99	12	white	white	ADJ
ajfa-2027	99	13	noise	noise	NOUN
ajfa-2027	99	14	.	.	PUNCT
ajfa-2027	100	1	it	it	PRON
ajfa-2027	100	2	also	also	ADV
ajfa-2027	100	3	indicates	indicate	VERB
ajfa-2027	100	4	that	that	SCONJ
ajfa-2027	100	5	the	the	DET
ajfa-2027	100	6	series	serie	NOUN
ajfa-2027	100	7	are	be	AUX
ajfa-2027	100	8	autocorrelated	autocorrelate	VERB
ajfa-2027	100	9	.	.	PUNCT
ajfa-2027	101	1	4.2	4.2	NUM
ajfa-2027	101	2	unit	unit	NOUN
ajfa-2027	101	3	root	root	NOUN
ajfa-2027	101	4	tests	test	NOUN
ajfa-2027	101	5	before	before	ADP
ajfa-2027	101	6	investigating	investigate	VERB
ajfa-2027	101	7	the	the	DET
ajfa-2027	101	8	long	long	ADJ
ajfa-2027	101	9	memory	memory	NOUN
ajfa-2027	101	10	in	in	ADP
ajfa-2027	101	11	return	return	NOUN
ajfa-2027	101	12	and	and	CCONJ
ajfa-2027	101	13	volatility	volatility	NOUN
ajfa-2027	101	14	,	,	PUNCT
ajfa-2027	101	15	we	we	PRON
ajfa-2027	101	16	check	check	VERB
ajfa-2027	101	17	the	the	DET
ajfa-2027	101	18	series	series	NOUN
ajfa-2027	101	19	for	for	ADP
ajfa-2027	101	20	a	a	DET
ajfa-2027	101	21	presence	presence	NOUN
ajfa-2027	101	22	of	of	ADP
ajfa-2027	101	23	unit	unit	NOUN
ajfa-2027	101	24	root	root	NOUN
ajfa-2027	101	25	.	.	PUNCT
ajfa-2027	102	1	we	we	PRON
ajfa-2027	102	2	have	have	AUX
ajfa-2027	102	3	employed	employ	VERB
ajfa-2027	102	4	three	three	NUM
ajfa-2027	102	5	unit	unit	NOUN
ajfa-2027	102	6	root	root	NOUN
ajfa-2027	102	7	tests	test	NOUN
ajfa-2027	102	8	--	--	PUNCT
ajfa-2027	102	9	adf(augmented	adf(augmente	VERB
ajfa-2027	102	10	dickey	dickey	PROPN
ajfa-2027	102	11	fuller	fuller	NOUN
ajfa-2027	102	12	)	)	PUNCT
ajfa-2027	102	13	,	,	PUNCT
ajfa-2027	102	14	pp(philips	pp(philip	NOUN
ajfa-2027	102	15	-	-	PUNCT
ajfa-2027	102	16	peron	peron	ADJ
ajfa-2027	102	17	)	)	PUNCT
ajfa-2027	102	18	and	and	CCONJ
ajfa-2027	102	19	kpss(kwiatkowski	kpss(kwiatkowski	PROPN
ajfa-2027	102	20	,	,	PUNCT
ajfa-2027	102	21	phillips	phillips	PROPN
ajfa-2027	102	22	,	,	PUNCT
ajfa-2027	102	23	schmidt	schmidt	NOUN
ajfa-2027	102	24	and	and	CCONJ
ajfa-2027	102	25	shin	shin	NOUN
ajfa-2027	102	26	)	)	PUNCT
ajfa-2027	102	27	to	to	PART
ajfa-2027	102	28	determine	determine	VERB
ajfa-2027	102	29	if	if	SCONJ
ajfa-2027	102	30	the	the	DET
ajfa-2027	102	31	individual	individual	ADJ
ajfa-2027	102	32	return	return	NOUN
ajfa-2027	102	33	series	series	NOUN
ajfa-2027	102	34	are	be	AUX
ajfa-2027	102	35	stationary	stationary	ADJ
ajfa-2027	102	36	or	or	CCONJ
ajfa-2027	102	37	not	not	PART
ajfa-2027	102	38	.	.	PUNCT
ajfa-2027	103	1	three	three	NUM
ajfa-2027	103	2	tests	test	NOUN
ajfa-2027	103	3	differ	differ	VERB
ajfa-2027	103	4	in	in	ADP
ajfa-2027	103	5	the	the	DET
ajfa-2027	103	6	null	null	ADJ
ajfa-2027	103	7	hypothesis	hypothesis	NOUN
ajfa-2027	103	8	.	.	PUNCT
ajfa-2027	104	1	the	the	DET
ajfa-2027	104	2	null	null	ADJ
ajfa-2027	104	3	hypothesis	hypothesis	NOUN
ajfa-2027	104	4	of	of	ADP
ajfa-2027	104	5	the	the	DET
ajfa-2027	104	6	adf	adf	NOUN
ajfa-2027	104	7	and	and	CCONJ
ajfa-2027	104	8	pp	pp	ADJ
ajfa-2027	104	9	test	test	NOUN
ajfa-2027	104	10	is	be	AUX
ajfa-2027	104	11	that	that	SCONJ
ajfa-2027	104	12	a	a	DET
ajfa-2027	104	13	time	time	NOUN
ajfa-2027	104	14	series	series	NOUN
ajfa-2027	104	15	contains	contain	VERB
ajfa-2027	104	16	unit	unit	NOUN
ajfa-2027	104	17	root	root	NOUN
ajfa-2027	104	18	while	while	SCONJ
ajfa-2027	104	19	kpss	kpss	PROPN
ajfa-2027	104	20	test	test	NOUN
ajfa-2027	104	21	has	have	VERB
ajfa-2027	104	22	the	the	DET
ajfa-2027	104	23	null	null	ADJ
ajfa-2027	104	24	hypothesis	hypothesis	NOUN
ajfa-2027	104	25	of	of	ADP
ajfa-2027	104	26	stationarity	stationarity	NOUN
ajfa-2027	104	27	.	.	PUNCT
ajfa-2027	105	1	the	the	DET
ajfa-2027	105	2	empirical	empirical	ADJ
ajfa-2027	105	3	results	result	NOUN
ajfa-2027	105	4	of	of	ADP
ajfa-2027	105	5	all	all	DET
ajfa-2027	105	6	the	the	DET
ajfa-2027	105	7	three	three	NUM
ajfa-2027	105	8	tests	test	NOUN
ajfa-2027	105	9	are	be	AUX
ajfa-2027	105	10	presented	present	VERB
ajfa-2027	105	11	in	in	ADP
ajfa-2027	105	12	table	table	NOUN
ajfa-2027	105	13	2	2	NUM
ajfa-2027	105	14	.	.	PUNCT
ajfa-2027	105	15	table	table	NOUN
ajfa-2027	105	16	2	2	NUM
ajfa-2027	105	17	.	.	PUNCT
ajfa-2027	105	18	unit	unit	NOUN
ajfa-2027	105	19	test	test	NOUN
ajfa-2027	105	20	results	result	NOUN
ajfa-2027	105	21	test	test	X
ajfa-2027	105	22	bse	bse	PROPN
ajfa-2027	105	23	nse	nse	PROPN
ajfa-2027	105	24	adf	adf	PROPN
ajfa-2027	105	25	-27.65(0.000	-27.65(0.000	NUM
ajfa-2027	105	26	)	)	PUNCT
ajfa-2027	105	27	*	*	PUNCT
ajfa-2027	106	1	-28.32(0.00	-28.32(0.00	PROPN
ajfa-2027	106	2	)	)	PUNCT
ajfa-2027	107	1	pp	pp	ADP
ajfa-2027	107	2	-27.61(0.000	-27.61(0.000	NUM
ajfa-2027	107	3	)	)	PUNCT
ajfa-2027	107	4	*	*	PUNCT
ajfa-2027	107	5	-28.33(0.00	-28.33(0.00	PROPN
ajfa-2027	107	6	)	)	PUNCT
ajfa-2027	107	7	kpss	kpss	NOUN
ajfa-2027	107	8	0.264	0.264	PRON
ajfa-2027	107	9	*	*	SYM
ajfa-2027	107	10	*	*	SYM
ajfa-2027	107	11	0.274	0.274	NUM
ajfa-2027	107	12	notes	note	NOUN
ajfa-2027	107	13	:	:	PUNCT
ajfa-2027	107	14	*	*	PUNCT
ajfa-2027	107	15	mackinnon	mackinnon	PROPN
ajfa-2027	107	16	's	's	PART
ajfa-2027	107	17	1	1	NUM
ajfa-2027	107	18	%	%	NOUN
ajfa-2027	107	19	critical	critical	ADJ
ajfa-2027	107	20	value	value	NOUN
ajfa-2027	107	21	is	be	AUX
ajfa-2027	107	22	-3.435	-3.435	PUNCT
ajfa-2027	107	23	for	for	ADP
ajfa-2027	107	24	adf	adf	PROPN
ajfa-2027	107	25	and	and	CCONJ
ajfa-2027	107	26	pp	pp	ADP
ajfa-2027	107	27	tests	test	NOUN
ajfa-2027	107	28	.	.	PUNCT
ajfa-2027	108	1	*	*	PUNCT
ajfa-2027	108	2	*	*	PUNCT
ajfa-2027	108	3	a	a	DET
ajfa-2027	108	4	kpss	kpss	PROPN
ajfa-2027	108	5	critical	critical	ADJ
ajfa-2027	108	6	value	value	NOUN
ajfa-2027	108	7	is	be	AUX
ajfa-2027	108	8	0.739	0.739	NUM
ajfa-2027	108	9	at	at	ADP
ajfa-2027	108	10	1	1	NUM
ajfa-2027	108	11	%	%	NOUN
ajfa-2027	108	12	significant	significant	ADJ
ajfa-2027	108	13	level	level	NOUN
ajfa-2027	108	14	.	.	PUNCT
ajfa-2027	109	1	asian	asian	ADJ
ajfa-2027	109	2	journal	journal	PROPN
ajfa-2027	109	3	of	of	ADP
ajfa-2027	109	4	finance	finance	PROPN
ajfa-2027	109	5	&	&	CCONJ
ajfa-2027	109	6	accounting	accounting	PROPN
ajfa-2027	109	7	issn	issn	PROPN
ajfa-2027	109	8	1946	1946	NUM
ajfa-2027	109	9	-	-	PUNCT
ajfa-2027	109	10	052x	052x	NOUN
ajfa-2027	109	11	2012	2012	NUM
ajfa-2027	109	12	,	,	PUNCT
ajfa-2027	109	13	vol	vol	NOUN
ajfa-2027	109	14	.	.	PROPN
ajfa-2027	109	15	4	4	NUM
ajfa-2027	109	16	,	,	PUNCT
ajfa-2027	109	17	no	no	INTJ
ajfa-2027	109	18	.	.	NOUN
ajfa-2027	109	19	2	2	NUM
ajfa-2027	109	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2027	109	21	224	224	NUM
ajfa-2027	109	22	large	large	ADJ
ajfa-2027	109	23	negative	negative	ADJ
ajfa-2027	109	24	values	value	NOUN
ajfa-2027	109	25	for	for	ADP
ajfa-2027	109	26	adf	adf	PROPN
ajfa-2027	109	27	and	and	CCONJ
ajfa-2027	109	28	pp	pp	ADV
ajfa-2027	109	29	tests	test	NOUN
ajfa-2027	109	30	for	for	ADP
ajfa-2027	109	31	both	both	DET
ajfa-2027	109	32	return	return	NOUN
ajfa-2027	109	33	series	series	NOUN
ajfa-2027	109	34	reject	reject	VERB
ajfa-2027	109	35	the	the	DET
ajfa-2027	109	36	null	null	ADJ
ajfa-2027	109	37	hypothesis	hypothesis	NOUN
ajfa-2027	109	38	of	of	ADP
ajfa-2027	109	39	a	a	DET
ajfa-2027	109	40	unit	unit	NOUN
ajfa-2027	109	41	root	root	NOUN
ajfa-2027	109	42	at	at	ADP
ajfa-2027	109	43	the	the	DET
ajfa-2027	109	44	1	1	NUM
ajfa-2027	109	45	%	%	NOUN
ajfa-2027	109	46	significant	significant	ADJ
ajfa-2027	109	47	level	level	NOUN
ajfa-2027	109	48	.	.	PUNCT
ajfa-2027	110	1	additionally	additionally	ADV
ajfa-2027	110	2	,	,	PUNCT
ajfa-2027	110	3	the	the	DET
ajfa-2027	110	4	statistics	statistic	NOUN
ajfa-2027	110	5	of	of	ADP
ajfa-2027	110	6	the	the	DET
ajfa-2027	110	7	kpss	kpss	PROPN
ajfa-2027	110	8	test	test	NOUN
ajfa-2027	110	9	indicate	indicate	VERB
ajfa-2027	110	10	that	that	SCONJ
ajfa-2027	110	11	return	return	NOUN
ajfa-2027	110	12	series	series	NOUN
ajfa-2027	110	13	are	be	AUX
ajfa-2027	110	14	stationary	stationary	ADJ
ajfa-2027	110	15	.	.	PUNCT
ajfa-2027	111	1	thus	thus	ADV
ajfa-2027	111	2	both	both	CCONJ
ajfa-2027	111	3	the	the	DET
ajfa-2027	111	4	series	serie	NOUN
ajfa-2027	111	5	are	be	AUX
ajfa-2027	111	6	stationary	stationary	ADJ
ajfa-2027	111	7	and	and	CCONJ
ajfa-2027	111	8	suitable	suitable	ADJ
ajfa-2027	111	9	for	for	ADP
ajfa-2027	111	10	subsequent	subsequent	ADJ
ajfa-2027	111	11	long	long	ADJ
ajfa-2027	111	12	memory	memory	NOUN
ajfa-2027	111	13	tests	test	NOUN
ajfa-2027	111	14	in	in	ADP
ajfa-2027	111	15	this	this	DET
ajfa-2027	111	16	study	study	NOUN
ajfa-2027	111	17	.	.	PUNCT
ajfa-2027	112	1	4.3	4.3	NUM
ajfa-2027	112	2	estimation	estimation	NOUN
ajfa-2027	112	3	results	result	NOUN
ajfa-2027	112	4	of	of	ADP
ajfa-2027	112	5	arfima	arfima	PROPN
ajfa-2027	112	6	models	model	NOUN
ajfa-2027	112	7	we	we	PRON
ajfa-2027	112	8	estimate	estimate	VERB
ajfa-2027	112	9	different	different	ADJ
ajfa-2027	112	10	orders	order	NOUN
ajfa-2027	112	11	of	of	ADP
ajfa-2027	112	12	arfima	arfima	PROPN
ajfa-2027	112	13	models	model	NOUN
ajfa-2027	112	14	of	of	ADP
ajfa-2027	112	15	(	(	PUNCT
ajfa-2027	112	16	n	n	X
ajfa-2027	112	17	,	,	PUNCT
ajfa-2027	112	18	s	s	PART
ajfa-2027	112	19	)	)	PUNCT
ajfa-2027	112	20	and	and	CCONJ
ajfa-2027	112	21	compare	compare	VERB
ajfa-2027	112	22	the	the	DET
ajfa-2027	112	23	performance	performance	NOUN
ajfa-2027	112	24	of	of	ADP
ajfa-2027	112	25	the	the	DET
ajfa-2027	112	26	arfima	arfima	PROPN
ajfa-2027	112	27	models	model	NOUN
ajfa-2027	112	28	to	to	PART
ajfa-2027	112	29	determine	determine	VERB
ajfa-2027	112	30	the	the	DET
ajfa-2027	112	31	adequate	adequate	ADJ
ajfa-2027	112	32	orders	order	NOUN
ajfa-2027	112	33	in	in	ADP
ajfa-2027	112	34	detecting	detect	VERB
ajfa-2027	112	35	long	long	ADJ
ajfa-2027	112	36	memory	memory	NOUN
ajfa-2027	112	37	property	property	NOUN
ajfa-2027	112	38	in	in	ADP
ajfa-2027	112	39	return	return	NOUN
ajfa-2027	112	40	series	series	NOUN
ajfa-2027	112	41	.	.	PUNCT
ajfa-2027	113	1	following	follow	VERB
ajfa-2027	113	2	cheung(1993	cheung(1993	NOUN
ajfa-2027	113	3	)	)	PUNCT
ajfa-2027	113	4	,	,	PUNCT
ajfa-2027	113	5	we	we	PRON
ajfa-2027	113	6	consider	consider	VERB
ajfa-2027	113	7	all	all	DET
ajfa-2027	113	8	possible	possible	ADJ
ajfa-2027	113	9	combinations	combination	NOUN
ajfa-2027	113	10	for	for	ADP
ajfa-2027	113	11	the	the	DET
ajfa-2027	113	12	arma(n	arma(n	PROPN
ajfa-2027	113	13	,	,	PUNCT
ajfa-2027	113	14	s	s	PART
ajfa-2027	113	15	)	)	PUNCT
ajfa-2027	113	16	with	with	ADP
ajfa-2027	113	17	maximum	maximum	ADJ
ajfa-2027	113	18	n=0,1,2	n=0,1,2	NUM
ajfa-2027	113	19	and	and	CCONJ
ajfa-2027	113	20	s=0,1,2	s=0,1,2	NUM
ajfa-2027	113	21	.	.	PUNCT
ajfa-2027	114	1	the	the	DET
ajfa-2027	114	2	results	result	NOUN
ajfa-2027	114	3	of	of	ADP
ajfa-2027	114	4	the	the	DET
ajfa-2027	114	5	models	model	NOUN
ajfa-2027	114	6	are	be	AUX
ajfa-2027	114	7	reported	report	VERB
ajfa-2027	114	8	in	in	ADP
ajfa-2027	114	9	table	table	NOUN
ajfa-2027	114	10	3	3	NUM
ajfa-2027	114	11	.	.	PUNCT
ajfa-2027	115	1	the	the	DET
ajfa-2027	115	2	results	result	NOUN
ajfa-2027	115	3	indicate	indicate	VERB
ajfa-2027	115	4	that	that	SCONJ
ajfa-2027	115	5	the	the	DET
ajfa-2027	115	6	long	long	ADJ
ajfa-2027	115	7	memory	memory	NOUN
ajfa-2027	115	8	parameter	parameter	NOUN
ajfa-2027	115	9			NOUN
ajfa-2027	115	10	and	and	CCONJ
ajfa-2027	115	11	coefficients	coefficient	NOUN
ajfa-2027	115	12	of	of	ADP
ajfa-2027	115	13	all	all	DET
ajfa-2027	115	14	ar	ar	PROPN
ajfa-2027	115	15	and	and	CCONJ
ajfa-2027	115	16	ma	ma	PROPN
ajfa-2027	115	17	are	be	AUX
ajfa-2027	115	18	insignificant	insignificant	ADJ
ajfa-2027	115	19	in	in	ADP
ajfa-2027	115	20	all	all	DET
ajfa-2027	115	21	cases	case	NOUN
ajfa-2027	115	22	.	.	PUNCT
ajfa-2027	116	1	it	it	PRON
ajfa-2027	116	2	clearly	clearly	ADV
ajfa-2027	116	3	suggests	suggest	VERB
ajfa-2027	116	4	that	that	SCONJ
ajfa-2027	116	5	there	there	PRON
ajfa-2027	116	6	is	be	VERB
ajfa-2027	116	7	no	no	DET
ajfa-2027	116	8	evidence	evidence	NOUN
ajfa-2027	116	9	of	of	ADP
ajfa-2027	116	10	long	long	ADJ
ajfa-2027	116	11	memory	memory	NOUN
ajfa-2027	116	12	in	in	ADP
ajfa-2027	116	13	both	both	DET
ajfa-2027	116	14	bse	bse	NOUN
ajfa-2027	116	15	and	and	CCONJ
ajfa-2027	116	16	nse	nse	NOUN
ajfa-2027	116	17	return	return	NOUN
ajfa-2027	116	18	series	series	NOUN
ajfa-2027	116	19	.	.	PUNCT
ajfa-2027	117	1	it	it	PRON
ajfa-2027	117	2	is	be	AUX
ajfa-2027	117	3	consistent	consistent	ADJ
ajfa-2027	117	4	with	with	ADP
ajfa-2027	117	5	weak	weak	ADJ
ajfa-2027	117	6	-	-	PUNCT
ajfa-2027	117	7	form	form	NOUN
ajfa-2027	117	8	market	market	NOUN
ajfa-2027	117	9	efficiency	efficiency	NOUN
ajfa-2027	117	10	.	.	PUNCT
ajfa-2027	118	1	model	model	NOUN
ajfa-2027	118	2	selection	selection	NOUN
ajfa-2027	118	3	criteria	criterion	NOUN
ajfa-2027	118	4	select	select	VERB
ajfa-2027	118	5	arfima	arfima	PROPN
ajfa-2027	118	6	(	(	PUNCT
ajfa-2027	118	7	0,0,0	0,0,0	NOUN
ajfa-2027	118	8	)	)	PUNCT
ajfa-2027	118	9	model	model	NOUN
ajfa-2027	118	10	.	.	PUNCT
ajfa-2027	119	1	we	we	PRON
ajfa-2027	119	2	,	,	PUNCT
ajfa-2027	119	3	therefore	therefore	ADV
ajfa-2027	119	4	,	,	PUNCT
ajfa-2027	119	5	consider	consider	VERB
ajfa-2027	119	6	arma	arma	NOUN
ajfa-2027	119	7	(	(	PUNCT
ajfa-2027	119	8	0,0	0,0	NOUN
ajfa-2027	119	9	)	)	PUNCT
ajfa-2027	119	10	model	model	NOUN
ajfa-2027	119	11	with	with	ADP
ajfa-2027	119	12	garch	garch	NOUN
ajfa-2027	119	13	class	class	NOUN
ajfa-2027	119	14	of	of	ADP
ajfa-2027	119	15	models	model	NOUN
ajfa-2027	119	16	to	to	PART
ajfa-2027	119	17	analyze	analyze	VERB
ajfa-2027	119	18	long	long	ADJ
ajfa-2027	119	19	memory	memory	NOUN
ajfa-2027	119	20	in	in	ADP
ajfa-2027	119	21	volatility	volatility	NOUN
ajfa-2027	119	22	of	of	ADP
ajfa-2027	119	23	return	return	NOUN
ajfa-2027	119	24	series	series	NOUN
ajfa-2027	119	25	.	.	PUNCT
ajfa-2027	120	1	the	the	DET
ajfa-2027	120	2	diagnostic	diagnostic	ADJ
ajfa-2027	120	3	statistics	statistic	NOUN
ajfa-2027	120	4	in	in	ADP
ajfa-2027	120	5	table	table	NOUN
ajfa-2027	120	6	3	3	NUM
ajfa-2027	120	7	indicate	indicate	VERB
ajfa-2027	120	8	that	that	SCONJ
ajfa-2027	120	9	the	the	DET
ajfa-2027	120	10	significant	significant	ADJ
ajfa-2027	120	11	departure	departure	NOUN
ajfa-2027	120	12	from	from	ADP
ajfa-2027	120	13	normality	normality	NOUN
ajfa-2027	120	14	with	with	ADP
ajfa-2027	120	15	large	large	ADJ
ajfa-2027	120	16	excess	excess	ADJ
ajfa-2027	120	17	kurtosis	kurtosis	NOUN
ajfa-2027	120	18	and	and	CCONJ
ajfa-2027	120	19	skewness	skewness	NOUN
ajfa-2027	120	20	.	.	PUNCT
ajfa-2027	121	1	the	the	DET
ajfa-2027	121	2	j	j	PROPN
ajfa-2027	121	3	-	-	PUNCT
ajfa-2027	121	4	b	b	PROPN
ajfa-2027	121	5	statistics	statistic	NOUN
ajfa-2027	121	6	also	also	ADV
ajfa-2027	121	7	suggest	suggest	VERB
ajfa-2027	121	8	that	that	SCONJ
ajfa-2027	121	9	the	the	DET
ajfa-2027	121	10	residuals	residual	NOUN
ajfa-2027	121	11	appear	appear	VERB
ajfa-2027	121	12	to	to	PART
ajfa-2027	121	13	be	be	AUX
ajfa-2027	121	14	leptokurtic	leptokurtic	ADJ
ajfa-2027	121	15	.	.	PUNCT
ajfa-2027	122	1	in	in	ADP
ajfa-2027	122	2	addition	addition	NOUN
ajfa-2027	122	3	,	,	PUNCT
ajfa-2027	122	4	arch	arch	ADJ
ajfa-2027	122	5	statistics	statistic	NOUN
ajfa-2027	122	6	are	be	AUX
ajfa-2027	122	7	highly	highly	ADV
ajfa-2027	122	8	significant	significant	ADJ
ajfa-2027	122	9	implying	imply	VERB
ajfa-2027	122	10	the	the	DET
ajfa-2027	122	11	presence	presence	NOUN
ajfa-2027	122	12	of	of	ADP
ajfa-2027	122	13	arch	arch	ADJ
ajfa-2027	122	14	effects	effect	NOUN
ajfa-2027	122	15	in	in	ADP
ajfa-2027	122	16	the	the	DET
ajfa-2027	122	17	standardized	standardized	ADJ
ajfa-2027	122	18	residuals	residual	NOUN
ajfa-2027	122	19	.	.	PUNCT
ajfa-2027	123	1	it	it	PRON
ajfa-2027	123	2	,	,	PUNCT
ajfa-2027	123	3	therefore	therefore	ADV
ajfa-2027	123	4	,	,	PUNCT
ajfa-2027	123	5	implies	imply	VERB
ajfa-2027	123	6	that	that	SCONJ
ajfa-2027	123	7	we	we	PRON
ajfa-2027	123	8	need	need	VERB
ajfa-2027	123	9	garch	garch	NOUN
ajfa-2027	123	10	models	model	NOUN
ajfa-2027	123	11	to	to	PART
ajfa-2027	123	12	capture	capture	VERB
ajfa-2027	123	13	long	long	ADJ
ajfa-2027	123	14	memory	memory	NOUN
ajfa-2027	123	15	property	property	NOUN
ajfa-2027	123	16	in	in	ADP
ajfa-2027	123	17	the	the	DET
ajfa-2027	123	18	indian	indian	ADJ
ajfa-2027	123	19	stock	stock	NOUN
ajfa-2027	123	20	market	market	NOUN
ajfa-2027	123	21	.	.	PUNCT
ajfa-2027	124	1	asian	asian	ADJ
ajfa-2027	124	2	journal	journal	PROPN
ajfa-2027	124	3	of	of	ADP
ajfa-2027	124	4	finance	finance	PROPN
ajfa-2027	124	5	&	&	CCONJ
ajfa-2027	124	6	accounting	accounting	PROPN
ajfa-2027	124	7	issn	issn	PROPN
ajfa-2027	124	8	1946	1946	NUM
ajfa-2027	124	9	-	-	PUNCT
ajfa-2027	124	10	052x	052x	NOUN
ajfa-2027	124	11	2012	2012	NUM
ajfa-2027	124	12	,	,	PUNCT
ajfa-2027	124	13	vol	vol	NOUN
ajfa-2027	124	14	.	.	PROPN
ajfa-2027	124	15	4	4	NUM
ajfa-2027	124	16	,	,	PUNCT
ajfa-2027	124	17	no	no	INTJ
ajfa-2027	124	18	.	.	NOUN
ajfa-2027	124	19	2	2	NUM
ajfa-2027	124	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2027	124	21	225	225	NUM
ajfa-2027	124	22	table	table	NOUN
ajfa-2027	124	23	3	3	NUM
ajfa-2027	124	24	.	.	X
ajfa-2027	124	25	estimation	estimation	NOUN
ajfa-2027	124	26	of	of	ADP
ajfa-2027	124	27	arfima	arfima	PROPN
ajfa-2027	124	28	models	model	NOUN
ajfa-2027	124	29	for	for	ADP
ajfa-2027	124	30	(	(	PUNCT
ajfa-2027	124	31	a	a	PRON
ajfa-2027	124	32	)	)	PUNCT
ajfa-2027	124	33	bse	bse	NOUN
ajfa-2027	124	34	and	and	CCONJ
ajfa-2027	124	35	(	(	PUNCT
ajfa-2027	124	36	b	b	NOUN
ajfa-2027	124	37	)	)	PUNCT
ajfa-2027	124	38	nse	nse	NOUN
ajfa-2027	124	39	(	(	PUNCT
ajfa-2027	124	40	n,	n,	X
ajfa-2027	124	41	,	,	PUNCT
ajfa-2027	124	42	s	s	X
ajfa-2027	124	43	)	)	PUNCT
ajfa-2027	124	44	(	(	PUNCT
ajfa-2027	124	45	0,	0,	NOUN
ajfa-2027	124	46	,	,	PUNCT
ajfa-2027	124	47	0	0	NUM
ajfa-2027	124	48	)	)	PUNCT
ajfa-2027	124	49	(	(	PUNCT
ajfa-2027	124	50	0,	0,	NOUN
ajfa-2027	124	51	,	,	PUNCT
ajfa-2027	124	52	1	1	NUM
ajfa-2027	124	53	)	)	PUNCT
ajfa-2027	124	54	(	(	PUNCT
ajfa-2027	124	55	0	0	X
ajfa-2027	124	56	.	.	PUNCT
ajfa-2027	125	1			NOUN
ajfa-2027	125	2	,	,	PUNCT
ajfa-2027	125	3	2	2	X
ajfa-2027	125	4	)	)	PUNCT
ajfa-2027	125	5	(	(	PUNCT
ajfa-2027	125	6	1,	1,	NUM
ajfa-2027	125	7	,	,	PUNCT
ajfa-2027	125	8	0	0	NUM
ajfa-2027	125	9	)	)	PUNCT
ajfa-2027	125	10	(	(	PUNCT
ajfa-2027	125	11	1,	1,	NUM
ajfa-2027	125	12	,	,	PUNCT
ajfa-2027	125	13	1	1	NUM
ajfa-2027	125	14	)	)	PUNCT
ajfa-2027	125	15	(	(	PUNCT
ajfa-2027	125	16	1,	1,	NUM
ajfa-2027	125	17	,	,	PUNCT
ajfa-2027	125	18	2	2	NUM
ajfa-2027	125	19	)	)	PUNCT
ajfa-2027	125	20	(	(	PUNCT
ajfa-2027	125	21	2,	2,	NUM
ajfa-2027	125	22	,	,	PUNCT
ajfa-2027	125	23	0	0	NUM
ajfa-2027	125	24	)	)	PUNCT
ajfa-2027	125	25	(	(	PUNCT
ajfa-2027	125	26	2,	2,	NUM
ajfa-2027	125	27	,	,	PUNCT
ajfa-2027	125	28	1	1	NUM
ajfa-2027	125	29	)	)	PUNCT
ajfa-2027	125	30	(	(	PUNCT
ajfa-2027	125	31	2,	2,	NUM
ajfa-2027	125	32	,	,	PUNCT
ajfa-2027	125	33	2	2	NUM
ajfa-2027	125	34	)	)	PUNCT
ajfa-2027	125	35	(	(	PUNCT
ajfa-2027	125	36	a	a	PRON
ajfa-2027	125	37	)	)	PUNCT
ajfa-2027	125	38			NOUN
ajfa-2027	125	39	-0.02	-0.02	NUM
ajfa-2027	125	40	(	(	PUNCT
ajfa-2027	125	41	0.769	0.769	NUM
ajfa-2027	125	42	)	)	PUNCT
ajfa-2027	125	43	-0.02	-0.02	NUM
ajfa-2027	125	44	(	(	PUNCT
ajfa-2027	125	45	0.78	0.78	NUM
ajfa-2027	125	46	)	)	PUNCT
ajfa-2027	125	47	-0.02	-0.02	NUM
ajfa-2027	125	48	(	(	PUNCT
ajfa-2027	125	49	0.77	0.77	NUM
ajfa-2027	125	50	)	)	PUNCT
ajfa-2027	125	51	-0.01	-0.01	NUM
ajfa-2027	125	52	(	(	PUNCT
ajfa-2027	125	53	0.79	0.79	NUM
ajfa-2027	125	54	)	)	PUNCT
ajfa-2027	125	55	-0.02	-0.02	NUM
ajfa-2027	125	56	(	(	PUNCT
ajfa-2027	125	57	0.76	0.76	NUM
ajfa-2027	125	58	)	)	PUNCT
ajfa-2027	125	59	-0.02	-0.02	NUM
ajfa-2027	125	60	(	(	PUNCT
ajfa-2027	125	61	0.76	0.76	NUM
ajfa-2027	125	62	)	)	PUNCT
ajfa-2027	125	63	-0.02	-0.02	NUM
ajfa-2027	125	64	(	(	PUNCT
ajfa-2027	125	65	0.77	0.77	NUM
ajfa-2027	125	66	)	)	PUNCT
ajfa-2027	125	67	-0.01	-0.01	NUM
ajfa-2027	125	68	(	(	PUNCT
ajfa-2027	125	69	0.81	0.81	NUM
ajfa-2027	125	70	)	)	PUNCT
ajfa-2027	125	71	-0.02	-0.02	NUM
ajfa-2027	125	72	(	(	PUNCT
ajfa-2027	125	73	0.78	0.78	NUM
ajfa-2027	125	74	)	)	PUNCT
ajfa-2027	125	75	1	1	NUM
ajfa-2027	125	76	0.07	0.07	NUM
ajfa-2027	125	77	(	(	PUNCT
ajfa-2027	125	78	0.17	0.17	NUM
ajfa-2027	125	79	)	)	PUNCT
ajfa-2027	125	80	-0.37	-0.37	NUM
ajfa-2027	125	81	(	(	PUNCT
ajfa-2027	125	82	0.67	0.67	NUM
ajfa-2027	125	83	)	)	PUNCT
ajfa-2027	125	84	0.76	0.76	NUM
ajfa-2027	125	85	(	(	PUNCT
ajfa-2027	125	86	0.00	0.00	NUM
ajfa-2027	125	87	)	)	PUNCT
ajfa-2027	125	88	0.08	0.08	NUM
ajfa-2027	125	89	(	(	PUNCT
ajfa-2027	125	90	0.201	0.201	NUM
ajfa-2027	125	91	)	)	PUNCT
ajfa-2027	125	92	0.57	0.57	NUM
ajfa-2027	125	93	(	(	PUNCT
ajfa-2027	125	94	0.08	0.08	NUM
ajfa-2027	125	95	)	)	PUNCT
ajfa-2027	125	96	0.07	0.07	NUM
ajfa-2027	125	97	(	(	PUNCT
ajfa-2027	125	98	0.9	0.9	NUM
ajfa-2027	125	99	)	)	PUNCT
ajfa-2027	125	100	2	2	NUM
ajfa-2027	125	101	-0.033	-0.033	NUM
ajfa-2027	125	102	(	(	PUNCT
ajfa-2027	125	103	0.41	0.41	NUM
ajfa-2027	125	104	)	)	PUNCT
ajfa-2027	125	105	-0.02	-0.02	NUM
ajfa-2027	125	106	(	(	PUNCT
ajfa-2027	125	107	0.19	0.19	NUM
ajfa-2027	125	108	)	)	PUNCT
ajfa-2027	125	109	-0.32	-0.32	NOUN
ajfa-2027	125	110	(	(	PUNCT
ajfa-2027	125	111	0.93	0.93	NUM
ajfa-2027	125	112	)	)	PUNCT
ajfa-2027	125	113			NOUN
ajfa-2027	126	1	0.00	0.00	NUM
ajfa-2027	126	2	(	(	PUNCT
ajfa-2027	126	3	0.98	0.98	NUM
ajfa-2027	126	4	)	)	PUNCT
ajfa-2027	126	5	0.00	0.00	NUM
ajfa-2027	126	6	(	(	PUNCT
ajfa-2027	126	7	0.98	0.98	NUM
ajfa-2027	126	8	)	)	PUNCT
ajfa-2027	126	9	0.00	0.00	NUM
ajfa-2027	126	10	(	(	PUNCT
ajfa-2027	126	11	0.97	0.97	NUM
ajfa-2027	126	12	)	)	PUNCT
ajfa-2027	126	13	0.00	0.00	NUM
ajfa-2027	126	14	(	(	PUNCT
ajfa-2027	126	15	0.89	0.89	NUM
ajfa-2027	126	16	)	)	PUNCT
ajfa-2027	126	17	0.00	0.00	NUM
ajfa-2027	126	18	(	(	PUNCT
ajfa-2027	126	19	0.98	0.98	NUM
ajfa-2027	126	20	)	)	PUNCT
ajfa-2027	126	21	0.00	0.00	NUM
ajfa-2027	126	22	(	(	PUNCT
ajfa-2027	126	23	0.97	0.97	NUM
ajfa-2027	126	24	)	)	PUNCT
ajfa-2027	126	25	0.00	0.00	NUM
ajfa-2027	126	26	(	(	PUNCT
ajfa-2027	126	27	0.98	0.98	NUM
ajfa-2027	126	28	)	)	PUNCT
ajfa-2027	126	29	0.00	0.00	NUM
ajfa-2027	126	30	(	(	PUNCT
ajfa-2027	126	31	0.96	0.96	NUM
ajfa-2027	126	32	)	)	PUNCT
ajfa-2027	126	33	1	1	NOUN
ajfa-2027	126	34	0.06	0.06	NUM
ajfa-2027	126	35	(	(	PUNCT
ajfa-2027	126	36	0.21	0.21	NUM
ajfa-2027	126	37	)	)	PUNCT
ajfa-2027	126	38	-0.02	-0.02	NUM
ajfa-2027	126	39	(	(	PUNCT
ajfa-2027	126	40	0.77	0.77	NUM
ajfa-2027	126	41	)	)	PUNCT
ajfa-2027	126	42	0.36	0.36	NUM
ajfa-2027	126	43	(	(	PUNCT
ajfa-2027	126	44	0.77	0.77	NUM
ajfa-2027	126	45	)	)	PUNCT
ajfa-2027	126	46	-0.66	-0.66	NOUN
ajfa-2027	126	47	(	(	PUNCT
ajfa-2027	126	48	0.00	0.00	NUM
ajfa-2027	126	49	)	)	PUNCT
ajfa-2027	126	50	-0.04	-0.04	NUM
ajfa-2027	126	51	(	(	PUNCT
ajfa-2027	126	52	0.06	0.06	NUM
ajfa-2027	126	53	)	)	PUNCT
ajfa-2027	126	54	-0.00	-0.00	NUM
ajfa-2027	126	55	(	(	PUNCT
ajfa-2027	126	56	0.99	0.99	NUM
ajfa-2027	126	57	)	)	PUNCT
ajfa-2027	126	58	2	2	NOUN
ajfa-2027	126	59	-0.03	-0.03	NUM
ajfa-2027	126	60	(	(	PUNCT
ajfa-2027	126	61	0.12	0.12	NUM
ajfa-2027	126	62	)	)	PUNCT
ajfa-2027	126	63	-0.06	-0.06	NUM
ajfa-2027	126	64	(	(	PUNCT
ajfa-2027	126	65	0.13	0.13	NUM
ajfa-2027	126	66	)	)	PUNCT
ajfa-2027	126	67	-0.00	-0.00	NUM
ajfa-2027	126	68	(	(	PUNCT
ajfa-2027	126	69	0.99	0.99	NUM
ajfa-2027	126	70	)	)	PUNCT
ajfa-2027	126	71	ln(l	ln(l	NUM
ajfa-2027	126	72	)	)	PUNCT
ajfa-2027	127	1	-1889.73	-1889.73	ADP
ajfa-2027	128	1	-1887.23	-1887.23	PROPN
ajfa-2027	128	2	-1886.89	-1886.89	PROPN
ajfa-2027	128	3	-1887.31	-1887.31	PROPN
ajfa-2027	128	4	-1888.74	-1888.74	INTJ
ajfa-2027	128	5	-1887.91	-1887.91	PROPN
ajfa-2027	128	6	-1886.86	-1886.86	PROPN
ajfa-2027	128	7	-1888.93	-1888.93	PROPN
ajfa-2027	128	8	-1886.86	-1886.86	PROPN
ajfa-2027	128	9	aic	aic	PROPN
ajfa-2027	128	10	4.231	4.231	NUM
ajfa-2027	128	11	4.25	4.25	NUM
ajfa-2027	128	12	4.254	4.254	NUM
ajfa-2027	128	13	4.259	4.259	NUM
ajfa-2027	128	14	4.269	4.269	NUM
ajfa-2027	128	15	4.265	4.265	NUM
ajfa-2027	128	16	4.38	4.38	NUM
ajfa-2027	128	17	4.28	4.28	NUM
ajfa-2027	128	18	4.27	4.27	NUM
ajfa-2027	128	19	skewness	skewness	NOUN
ajfa-2027	128	20	0.287	0.287	NUM
ajfa-2027	128	21	*	*	PUNCT
ajfa-2027	128	22	*	*	PUNCT
ajfa-2027	128	23	0.31	0.31	NUM
ajfa-2027	128	24	*	*	PUNCT
ajfa-2027	128	25	*	*	PUNCT
ajfa-2027	128	26	0.29	0.29	NUM
ajfa-2027	128	27	*	*	PUNCT
ajfa-2027	128	28	*	*	PUNCT
ajfa-2027	128	29	0.31	0.31	NUM
ajfa-2027	128	30	*	*	PUNCT
ajfa-2027	128	31	*	*	PUNCT
ajfa-2027	128	32	0.28	0.28	NUM
ajfa-2027	128	33	*	*	PUNCT
ajfa-2027	128	34	*	*	PUNCT
ajfa-2027	128	35	0.33	0.33	NUM
ajfa-2027	128	36	*	*	PUNCT
ajfa-2027	128	37	*	*	PUNCT
ajfa-2027	128	38	0.29	0.29	NUM
ajfa-2027	128	39	*	*	PUNCT
ajfa-2027	128	40	*	*	PUNCT
ajfa-2027	128	41	0.34	0.34	NUM
ajfa-2027	128	42	*	*	PUNCT
ajfa-2027	128	43	*	*	PUNCT
ajfa-2027	128	44	0.29	0.29	NUM
ajfa-2027	128	45	*	*	PUNCT
ajfa-2027	128	46	*	*	NOUN
ajfa-2027	128	47	excess	excess	ADJ
ajfa-2027	128	48	kurtosis	kurtosis	NOUN
ajfa-2027	128	49	6.62	6.62	NUM
ajfa-2027	128	50	*	*	SYM
ajfa-2027	128	51	6.47	6.47	NUM
ajfa-2027	128	52	*	*	SYM
ajfa-2027	128	53	6.45	6.45	NUM
ajfa-2027	128	54	*	*	SYM
ajfa-2027	128	55	6.44	6.44	NUM
ajfa-2027	128	56	*	*	NUM
ajfa-2027	128	57	6.63	6.63	NUM
ajfa-2027	128	58	*	*	NUM
ajfa-2027	128	59	6.36	6.36	NUM
ajfa-2027	128	60	*	*	NUM
ajfa-2027	128	61	6.46	6.46	NUM
ajfa-2027	128	62	6.02	6.02	NUM
ajfa-2027	128	63	*	*	SYM
ajfa-2027	128	64	6.45	6.45	NUM
ajfa-2027	128	65	*	*	PUNCT
ajfa-2027	128	66	j	j	PROPN
ajfa-2027	128	67	-	-	PUNCT
ajfa-2027	128	68	b	b	PROPN
ajfa-2027	128	69	1632.6	1632.6	NUM
ajfa-2027	128	70	*	*	SYM
ajfa-2027	128	71	503.7	503.7	NUM
ajfa-2027	128	72	*	*	PUNCT
ajfa-2027	128	73	505.2	505.2	NUM
ajfa-2027	128	74	*	*	SYM
ajfa-2027	128	75	500	500	NUM
ajfa-2027	128	76	*	*	PUNCT
ajfa-2027	128	77	525.78	525.78	NUM
ajfa-2027	128	78	*	*	PUNCT
ajfa-2027	128	79	486.95	486.95	NUM
ajfa-2027	128	80	*	*	PUNCT
ajfa-2027	128	81	504.56	504.56	NUM
ajfa-2027	128	82	*	*	PUNCT
ajfa-2027	128	83	448.87	448.87	NUM
ajfa-2027	128	84	*	*	PUNCT
ajfa-2027	128	85	506.78	506.78	NUM
ajfa-2027	128	86	*	*	PUNCT
ajfa-2027	128	87	q(20	q(20	VERB
ajfa-2027	128	88	)	)	PUNCT
ajfa-2027	128	89	523.86	523.86	NUM
ajfa-2027	128	90	*	*	PUNCT
ajfa-2027	128	91	1561.6	1561.6	NUM
ajfa-2027	128	92	*	*	PUNCT
ajfa-2027	128	93	1556.1	1556.1	NUM
ajfa-2027	128	94	*	*	SYM
ajfa-2027	128	95	1550.3	1550.3	NUM
ajfa-2027	128	96	*	*	SYM
ajfa-2027	128	97	1638.9	1638.9	NUM
ajfa-2027	128	98	*	*	PUNCT
ajfa-2027	128	99	1513.4	1513.4	NUM
ajfa-2027	128	100	*	*	SYM
ajfa-2027	128	101	1550.4	1550.4	NUM
ajfa-2027	128	102	*	*	SYM
ajfa-2027	128	103	1357.8	1357.8	NUM
ajfa-2027	128	104	*	*	SYM
ajfa-2027	128	105	1551.1	1551.1	NUM
ajfa-2027	128	106	*	*	SYM
ajfa-2027	128	107	arch(5	arch(5	PROPN
ajfa-2027	128	108	)	)	PUNCT
ajfa-2027	128	109	13.63	13.63	NUM
ajfa-2027	128	110	*	*	SYM
ajfa-2027	128	111	13.76	13.76	NUM
ajfa-2027	128	112	*	*	SYM
ajfa-2027	128	113	13.58	13.58	NUM
ajfa-2027	128	114	*	*	SYM
ajfa-2027	128	115	13.82	13.82	NUM
ajfa-2027	128	116	*	*	SYM
ajfa-2027	128	117	13.64	13.64	NUM
ajfa-2027	128	118	*	*	SYM
ajfa-2027	128	119	14.03	14.03	NUM
ajfa-2027	128	120	*	*	SYM
ajfa-2027	128	121	13.60	13.60	NUM
ajfa-2027	128	122	*	*	SYM
ajfa-2027	128	123	14.61	14.61	NUM
ajfa-2027	128	124	*	*	SYM
ajfa-2027	128	125	13.56	13.56	NUM
ajfa-2027	128	126	*	*	SYM
ajfa-2027	128	127	(	(	PUNCT
ajfa-2027	128	128	b	b	NOUN
ajfa-2027	128	129	)	)	PUNCT
ajfa-2027	128	130			NOUN
ajfa-2027	128	131	-0.01	-0.01	NUM
ajfa-2027	128	132	(	(	PUNCT
ajfa-2027	128	133	0.82	0.82	NUM
ajfa-2027	128	134	)	)	PUNCT
ajfa-2027	128	135	-0.014	-0.014	NOUN
ajfa-2027	128	136	(	(	PUNCT
ajfa-2027	128	137	0.84	0.84	NUM
ajfa-2027	128	138	)	)	PUNCT
ajfa-2027	128	139	-0.014	-0.014	NOUN
ajfa-2027	128	140	(	(	PUNCT
ajfa-2027	128	141	0.83	0.83	NUM
ajfa-2027	128	142	)	)	PUNCT
ajfa-2027	128	143	-0.01	-0.01	NUM
ajfa-2027	128	144	(	(	PUNCT
ajfa-2027	128	145	0.84	0.84	NUM
ajfa-2027	128	146	)	)	PUNCT
ajfa-2027	128	147	-0.00	-0.00	X
ajfa-2027	128	148	(	(	PUNCT
ajfa-2027	128	149	0.84	0.84	NUM
ajfa-2027	128	150	)	)	PUNCT
ajfa-2027	128	151	-0.02	-0.02	NUM
ajfa-2027	128	152	(	(	PUNCT
ajfa-2027	128	153	0.85	0.85	NUM
ajfa-2027	128	154	)	)	PUNCT
ajfa-2027	128	155	-0.01	-0.01	NUM
ajfa-2027	128	156	(	(	PUNCT
ajfa-2027	128	157	0.82	0.82	NUM
ajfa-2027	128	158	)	)	PUNCT
ajfa-2027	128	159	-0.014	-0.014	NOUN
ajfa-2027	128	160	(	(	PUNCT
ajfa-2027	128	161	0.8	0.8	NUM
ajfa-2027	128	162	)	)	PUNCT
ajfa-2027	128	163	-0.02	-0.02	NUM
ajfa-2027	128	164	(	(	PUNCT
ajfa-2027	128	165	0.98	0.98	NUM
ajfa-2027	128	166	)	)	PUNCT
ajfa-2027	128	167	1	1	NUM
ajfa-2027	128	168	0.05	0.05	NUM
ajfa-2027	128	169	(	(	PUNCT
ajfa-2027	128	170	0.36	0.36	NUM
ajfa-2027	128	171	)	)	PUNCT
ajfa-2027	128	172	-0.19	-0.19	NOUN
ajfa-2027	128	173	(	(	PUNCT
ajfa-2027	128	174	0.94	0.94	NUM
ajfa-2027	128	175	)	)	PUNCT
ajfa-2027	128	176	0.05	0.05	NUM
ajfa-2027	128	177	(	(	PUNCT
ajfa-2027	128	178	0.96	0.96	NUM
ajfa-2027	128	179	)	)	PUNCT
ajfa-2027	128	180	0.049	0.049	NUM
ajfa-2027	128	181	(	(	PUNCT
ajfa-2027	128	182	0.41	0.41	NUM
ajfa-2027	128	183	)	)	PUNCT
ajfa-2027	128	184	0.05	0.05	NUM
ajfa-2027	128	185	(	(	PUNCT
ajfa-2027	128	186	0.96	0.96	NUM
ajfa-2027	128	187	)	)	PUNCT
ajfa-2027	128	188	0.049	0.049	NUM
ajfa-2027	128	189	(	(	PUNCT
ajfa-2027	128	190	0.96	0.96	NUM
ajfa-2027	128	191	)	)	PUNCT
ajfa-2027	128	192	2	2	NUM
ajfa-2027	128	193	-0.011	-0.011	NUM
ajfa-2027	128	194	(	(	PUNCT
ajfa-2027	128	195	0.77	0.77	NUM
ajfa-2027	128	196	)	)	PUNCT
ajfa-2027	128	197	-0.01	-0.01	NUM
ajfa-2027	128	198	(	(	PUNCT
ajfa-2027	128	199	0.89	0.89	NUM
ajfa-2027	128	200	)	)	PUNCT
ajfa-2027	128	201	-0.011	-0.011	NOUN
ajfa-2027	128	202	(	(	PUNCT
ajfa-2027	128	203	0.96	0.96	NUM
ajfa-2027	128	204	)	)	PUNCT
ajfa-2027	128	205			NOUN
ajfa-2027	128	206	0.00	0.00	NUM
ajfa-2027	128	207	(	(	PUNCT
ajfa-2027	128	208	0.97	0.97	NUM
ajfa-2027	128	209	)	)	PUNCT
ajfa-2027	128	210	0.00	0.00	NUM
ajfa-2027	128	211	(	(	PUNCT
ajfa-2027	128	212	0.98	0.98	NUM
ajfa-2027	128	213	)	)	PUNCT
ajfa-2027	128	214	0.00	0.00	NUM
ajfa-2027	128	215	(	(	PUNCT
ajfa-2027	128	216	0.87	0.87	NUM
ajfa-2027	128	217	)	)	PUNCT
ajfa-2027	128	218	0.00	0.00	NUM
ajfa-2027	128	219	(	(	PUNCT
ajfa-2027	128	220	0.95	0.95	NUM
ajfa-2027	128	221	)	)	PUNCT
ajfa-2027	128	222	0.00	0.00	NUM
ajfa-2027	128	223	(	(	PUNCT
ajfa-2027	128	224	0.96	0.96	NUM
ajfa-2027	128	225	)	)	PUNCT
ajfa-2027	128	226	0.01	0.01	NUM
ajfa-2027	128	227	(	(	PUNCT
ajfa-2027	128	228	0.97	0.97	NUM
ajfa-2027	128	229	)	)	PUNCT
ajfa-2027	128	230	0.00	0.00	NUM
ajfa-2027	128	231	(	(	PUNCT
ajfa-2027	128	232	0.98	0.98	NUM
ajfa-2027	128	233	)	)	PUNCT
ajfa-2027	128	234	0.00	0.00	NUM
ajfa-2027	128	235	(	(	PUNCT
ajfa-2027	128	236	0.98	0.98	NUM
ajfa-2027	128	237	)	)	PUNCT
ajfa-2027	128	238	0.00	0.00	NUM
ajfa-2027	128	239	(	(	PUNCT
ajfa-2027	128	240	0.98	0.98	NUM
ajfa-2027	128	241	)	)	PUNCT
ajfa-2027	128	242	1	1	NOUN
ajfa-2027	128	243	0.04	0.04	NUM
ajfa-2027	128	244	(	(	PUNCT
ajfa-2027	128	245	0.39	0.39	NUM
ajfa-2027	128	246	)	)	PUNCT
ajfa-2027	128	247	0.05	0.05	NUM
ajfa-2027	128	248	(	(	PUNCT
ajfa-2027	128	249	0.42	0.42	NUM
ajfa-2027	128	250	)	)	PUNCT
ajfa-2027	128	251	0.21	0.21	NUM
ajfa-2027	128	252	(	(	PUNCT
ajfa-2027	128	253	0.93	0.93	NUM
ajfa-2027	128	254	)	)	PUNCT
ajfa-2027	128	255	0.00	0.00	NUM
ajfa-2027	128	256	(	(	PUNCT
ajfa-2027	128	257	0.98	0.98	NUM
ajfa-2027	128	258	)	)	PUNCT
ajfa-2027	128	259	0.00	0.00	NUM
ajfa-2027	128	260	(	(	PUNCT
ajfa-2027	128	261	0.99	0.99	NUM
ajfa-2027	128	262	)	)	PUNCT
ajfa-2027	128	263	-0.00	-0.00	X
ajfa-2027	128	264	(	(	PUNCT
ajfa-2027	128	265	0.98	0.98	NUM
ajfa-2027	128	266	)	)	PUNCT
ajfa-2027	128	267	2	2	NOUN
ajfa-2027	128	268	-0.01	-0.01	NUM
ajfa-2027	128	269	(	(	PUNCT
ajfa-2027	128	270	0.85	0.85	NUM
ajfa-2027	128	271	)	)	PUNCT
ajfa-2027	128	272	-0.01	-0.01	NUM
ajfa-2027	128	273	(	(	PUNCT
ajfa-2027	128	274	0.91	0.91	NUM
ajfa-2027	128	275	)	)	PUNCT
ajfa-2027	128	276	-0.00	-0.00	X
ajfa-2027	128	277	(	(	PUNCT
ajfa-2027	128	278	0.97	0.97	NUM
ajfa-2027	128	279	)	)	PUNCT
ajfa-2027	128	280	ln(l	ln(l	NUM
ajfa-2027	128	281	)	)	PUNCT
ajfa-2027	128	282	-1875.6	-1875.6	PUNCT
ajfa-2027	128	283	*	*	PUNCT
ajfa-2027	128	284	-1874.5	-1874.5	PROPN
ajfa-2027	128	285	*	*	PUNCT
ajfa-2027	128	286	-1874.5	-1874.5	PROPN
ajfa-2027	128	287	*	*	PUNCT
ajfa-2027	129	1	-1874.4	-1874.4	PROPN
ajfa-2027	129	2	*	*	PUNCT
ajfa-2027	129	3	-1895	-1895	PRON
ajfa-2027	129	4	*	*	PUNCT
ajfa-2027	129	5	-1894.49	-1894.49	PUNCT
ajfa-2027	129	6	*	*	PUNCT
ajfa-2027	130	1	-1874.4	-1874.4	NOUN
ajfa-2027	130	2	*	*	PUNCT
ajfa-2027	130	3	-1874.5	-1874.5	PROPN
ajfa-2027	131	1	*	*	PUNCT
ajfa-2027	131	2	-1874.0	-1874.0	PROPN
ajfa-2027	131	3	*	*	PUNCT
ajfa-2027	131	4	aic	aic	PROPN
ajfa-2027	131	5	4.24	4.24	NUM
ajfa-2027	131	6	4.23	4.23	NUM
ajfa-2027	131	7	4.233	4.233	NUM
ajfa-2027	131	8	4.231	4.231	NUM
ajfa-2027	131	9	4.234	4.234	NUM
ajfa-2027	131	10	4.235	4.235	NUM
ajfa-2027	131	11	4.23	4.23	NUM
ajfa-2027	131	12	4.234	4.234	NUM
ajfa-2027	131	13	4.237	4.237	NUM
ajfa-2027	131	14	skewness	skewness	NOUN
ajfa-2027	131	15	0.17	0.17	NUM
ajfa-2027	131	16	*	*	PROPN
ajfa-2027	131	17	*	*	PUNCT
ajfa-2027	131	18	0.19	0.19	NUM
ajfa-2027	131	19	*	*	PUNCT
ajfa-2027	131	20	*	*	PUNCT
ajfa-2027	131	21	0.18	0.18	NUM
ajfa-2027	131	22	*	*	PUNCT
ajfa-2027	131	23	*	*	PUNCT
ajfa-2027	131	24	0.20	0.20	NUM
ajfa-2027	131	25	*	*	PUNCT
ajfa-2027	131	26	*	*	PUNCT
ajfa-2027	132	1	0.17	0.17	NUM
ajfa-2027	132	2	*	*	PUNCT
ajfa-2027	132	3	*	*	PUNCT
ajfa-2027	132	4	0.18	0.18	NUM
ajfa-2027	132	5	*	*	PUNCT
ajfa-2027	132	6	*	*	PUNCT
ajfa-2027	132	7	0.18	0.18	NUM
ajfa-2027	132	8	*	*	PUNCT
ajfa-2027	132	9	*	*	PUNCT
ajfa-2027	132	10	0.19	0.19	NUM
ajfa-2027	132	11	*	*	PUNCT
ajfa-2027	132	12	*	*	PUNCT
ajfa-2027	132	13	0.18	0.18	NUM
ajfa-2027	132	14	*	*	PUNCT
ajfa-2027	132	15	*	*	PUNCT
ajfa-2027	132	16	asian	asian	ADJ
ajfa-2027	132	17	journal	journal	NOUN
ajfa-2027	132	18	of	of	ADP
ajfa-2027	132	19	finance	finance	PROPN
ajfa-2027	132	20	&	&	CCONJ
ajfa-2027	132	21	accounting	accounting	PROPN
ajfa-2027	132	22	issn	issn	PROPN
ajfa-2027	132	23	1946	1946	NUM
ajfa-2027	132	24	-	-	PUNCT
ajfa-2027	132	25	052x	052x	NOUN
ajfa-2027	132	26	2012	2012	NUM
ajfa-2027	132	27	,	,	PUNCT
ajfa-2027	132	28	vol	vol	NOUN
ajfa-2027	132	29	.	.	PROPN
ajfa-2027	132	30	4	4	NUM
ajfa-2027	132	31	,	,	PUNCT
ajfa-2027	132	32	no	no	INTJ
ajfa-2027	132	33	.	.	NOUN
ajfa-2027	132	34	2	2	NUM
ajfa-2027	132	35	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2027	132	36	226	226	NUM
ajfa-2027	132	37	excess	excess	ADJ
ajfa-2027	132	38	kurtosis	kurtosis	NOUN
ajfa-2027	132	39	8.08	8.08	NUM
ajfa-2027	132	40	*	*	SYM
ajfa-2027	132	41	7.91	7.91	NUM
ajfa-2027	132	42	*	*	PUNCT
ajfa-2027	132	43	7.90	7.90	NUM
ajfa-2027	132	44	7.89	7.89	NUM
ajfa-2027	132	45	*	*	PUNCT
ajfa-2027	132	46	8.02	8.02	NUM
ajfa-2027	132	47	*	*	NUM
ajfa-2027	132	48	8.90	8.90	NUM
ajfa-2027	132	49	*	*	SYM
ajfa-2027	132	50	7.89	7.89	NUM
ajfa-2027	132	51	*	*	SYM
ajfa-2027	132	52	8.90	8.90	NUM
ajfa-2027	132	53	*	*	SYM
ajfa-2027	133	1	7.89	7.89	NUM
ajfa-2027	133	2	*	*	PUNCT
ajfa-2027	133	3	j	j	PROPN
ajfa-2027	133	4	-	-	PUNCT
ajfa-2027	133	5	b	b	PROPN
ajfa-2027	133	6	2419.2	2419.2	NUM
ajfa-2027	133	7	*	*	SYM
ajfa-2027	133	8	2321	2321	NUM
ajfa-2027	133	9	*	*	PUNCT
ajfa-2027	133	10	2314.6	2314.6	NUM
ajfa-2027	133	11	2307.1	2307.1	NUM
ajfa-2027	133	12	*	*	PUNCT
ajfa-2027	133	13	2383.8	2383.8	NUM
ajfa-2027	133	14	*	*	PUNCT
ajfa-2027	133	15	2313.3	2313.3	NUM
ajfa-2027	133	16	*	*	PUNCT
ajfa-2027	134	1	2312.1	2312.1	NUM
ajfa-2027	134	2	*	*	PUNCT
ajfa-2027	134	3	2313.6	2313.6	NUM
ajfa-2027	134	4	*	*	PUNCT
ajfa-2027	134	5	2312.4	2312.4	NUM
ajfa-2027	134	6	*	*	PUNCT
ajfa-2027	134	7	q(20	q(20	VERB
ajfa-2027	134	8	)	)	PUNCT
ajfa-2027	134	9	703.82	703.82	NUM
ajfa-2027	134	10	682.07	682.07	NUM
ajfa-2027	134	11	681.6	681.6	NUM
ajfa-2027	134	12	*	*	PUNCT
ajfa-2027	134	13	678.77	678.77	NUM
ajfa-2027	134	14	*	*	PUNCT
ajfa-2027	134	15	696.2	696.2	NUM
ajfa-2027	134	16	*	*	PUNCT
ajfa-2027	134	17	681.3	681.3	NUM
ajfa-2027	134	18	*	*	PUNCT
ajfa-2027	134	19	681.53	681.53	NUM
ajfa-2027	134	20	*	*	PUNCT
ajfa-2027	134	21	681.6	681.6	NUM
ajfa-2027	134	22	*	*	SYM
ajfa-2027	134	23	882.1	882.1	NUM
ajfa-2027	134	24	*	*	PUNCT
ajfa-2027	134	25	arch(5	arch(5	PROPN
ajfa-2027	134	26	)	)	PUNCT
ajfa-2027	134	27	10.65	10.65	NUM
ajfa-2027	134	28	*	*	SYM
ajfa-2027	134	29	10.84	10.84	NUM
ajfa-2027	134	30	*	*	SYM
ajfa-2027	134	31	10.79	10.79	NUM
ajfa-2027	134	32	*	*	SYM
ajfa-2027	134	33	10.89	10.89	NUM
ajfa-2027	134	34	*	*	NUM
ajfa-2027	134	35	10.67	10.67	NUM
ajfa-2027	134	36	*	*	SYM
ajfa-2027	134	37	10.78	10.78	NUM
ajfa-2027	134	38	*	*	SYM
ajfa-2027	134	39	10.79	10.79	NUM
ajfa-2027	134	40	*	*	SYM
ajfa-2027	134	41	10.77	10.77	NUM
ajfa-2027	134	42	*	*	SYM
ajfa-2027	134	43	10.76	10.76	NUM
ajfa-2027	134	44	*	*	PUNCT
ajfa-2027	134	45	notes	note	NOUN
ajfa-2027	134	46	:	:	PUNCT
ajfa-2027	134	47	qmle	qmle	NOUN
ajfa-2027	134	48	standard	standard	ADJ
ajfa-2027	134	49	errors	error	NOUN
ajfa-2027	134	50	are	be	AUX
ajfa-2027	134	51	reported	report	VERB
ajfa-2027	134	52	in	in	ADP
ajfa-2027	134	53	the	the	DET
ajfa-2027	134	54	parentheses	parenthesis	NOUN
ajfa-2027	134	55	below	below	ADP
ajfa-2027	134	56	corresponding	correspond	VERB
ajfa-2027	134	57	parameter	parameter	NOUN
ajfa-2027	134	58	estimates	estimate	NOUN
ajfa-2027	134	59	.	.	PUNCT
ajfa-2027	135	1	ln(l	ln(l	PUNCT
ajfa-2027	135	2	)	)	PUNCT
ajfa-2027	135	3	is	be	AUX
ajfa-2027	135	4	the	the	DET
ajfa-2027	135	5	value	value	NOUN
ajfa-2027	135	6	of	of	ADP
ajfa-2027	135	7	the	the	DET
ajfa-2027	135	8	maximized	maximized	ADJ
ajfa-2027	135	9	gaussian	gaussian	ADJ
ajfa-2027	135	10	likelihood	likelihood	NOUN
ajfa-2027	135	11	and	and	CCONJ
ajfa-2027	135	12	aic	aic	PROPN
ajfa-2027	135	13	is	be	AUX
ajfa-2027	135	14	the	the	DET
ajfa-2027	135	15	akaike	akaike	ADJ
ajfa-2027	135	16	informatin	informatin	PROPN
ajfa-2027	135	17	criteria	criteria	VERB
ajfa-2027	135	18	.	.	PUNCT
ajfa-2027	136	1	the	the	DET
ajfa-2027	136	2	q(20	q(20	NOUN
ajfa-2027	136	3	)	)	PUNCT
ajfa-2027	136	4	is	be	AUX
ajfa-2027	136	5	the	the	DET
ajfa-2027	136	6	ljung	ljung	PROPN
ajfa-2027	136	7	box	box	PROPN
ajfa-2027	136	8	test	test	NOUN
ajfa-2027	136	9	statistics	statistic	NOUN
ajfa-2027	136	10	with	with	ADP
ajfa-2027	136	11	20	20	NUM
ajfa-2027	136	12	degree	degree	NOUN
ajfa-2027	136	13	of	of	ADP
ajfa-2027	136	14	freedom	freedom	NOUN
ajfa-2027	136	15	based	base	VERB
ajfa-2027	136	16	on	on	ADP
ajfa-2027	136	17	the	the	DET
ajfa-2027	136	18	standardized	standardized	ADJ
ajfa-2027	136	19	residuals	residual	NOUN
ajfa-2027	136	20	.	.	PUNCT
ajfa-2027	137	1	the	the	DET
ajfa-2027	137	2	arch(5	arch(5	PROPN
ajfa-2027	137	3	)	)	PUNCT
ajfa-2027	137	4	denotes	denote	VERB
ajfa-2027	137	5	the	the	DET
ajfa-2027	137	6	arch	arch	ADJ
ajfa-2027	137	7	test	test	NOUN
ajfa-2027	137	8	statistic	statistic	NOUN
ajfa-2027	137	9	with	with	ADP
ajfa-2027	137	10	lag	lag	NOUN
ajfa-2027	137	11	5	5	NUM
ajfa-2027	137	12	.	.	PUNCT
ajfa-2027	138	1	the	the	DET
ajfa-2027	138	2	skewness	skewness	NOUN
ajfa-2027	138	3	and	and	CCONJ
ajfa-2027	138	4	kurtosis	kurtosis	NOUN
ajfa-2027	138	5	are	be	AUX
ajfa-2027	138	6	also	also	ADV
ajfa-2027	138	7	based	base	VERB
ajfa-2027	138	8	on	on	ADP
ajfa-2027	138	9	standardized	standardized	ADJ
ajfa-2027	138	10	residuals	residual	NOUN
ajfa-2027	138	11	.	.	PUNCT
ajfa-2027	139	1	*	*	PUNCT
ajfa-2027	139	2	and	and	CCONJ
ajfa-2027	139	3	*	*	PUNCT
ajfa-2027	139	4	*	*	NOUN
ajfa-2027	139	5	denote	denote	NOUN
ajfa-2027	139	6	significance	significance	NOUN
ajfa-2027	139	7	levels	level	NOUN
ajfa-2027	139	8	at	at	ADP
ajfa-2027	139	9	1	1	NUM
ajfa-2027	139	10	%	%	NOUN
ajfa-2027	139	11	and	and	CCONJ
ajfa-2027	139	12	5	5	NUM
ajfa-2027	139	13	%	%	NOUN
ajfa-2027	139	14	respectively	respectively	ADV
ajfa-2027	139	15	.	.	PUNCT
ajfa-2027	140	1	4.3	4.3	NUM
ajfa-2027	140	2	estimation	estimation	NOUN
ajfa-2027	140	3	results	result	NOUN
ajfa-2027	140	4	of	of	ADP
ajfa-2027	140	5	figarch	figarch	NOUN
ajfa-2027	140	6	models	model	NOUN
ajfa-2027	140	7	we	we	PRON
ajfa-2027	140	8	compare	compare	VERB
ajfa-2027	140	9	the	the	DET
ajfa-2027	140	10	performance	performance	NOUN
ajfa-2027	140	11	of	of	ADP
ajfa-2027	140	12	garch	garch	NOUN
ajfa-2027	140	13	,	,	PUNCT
ajfa-2027	140	14	igarch	igarch	NOUN
ajfa-2027	140	15	and	and	CCONJ
ajfa-2027	140	16	figarch	figarch	NOUN
ajfa-2027	140	17	models	model	NOUN
ajfa-2027	140	18	in	in	ADP
ajfa-2027	140	19	modelling	model	VERB
ajfa-2027	140	20	a	a	DET
ajfa-2027	140	21	long	long	ADJ
ajfa-2027	140	22	memory	memory	NOUN
ajfa-2027	140	23	volatility	volatility	NOUN
ajfa-2027	140	24	process	process	NOUN
ajfa-2027	140	25	and	and	CCONJ
ajfa-2027	140	26	determine	determine	VERB
ajfa-2027	140	27	its	its	PRON
ajfa-2027	140	28	best	good	ADJ
ajfa-2027	140	29	fitting	fitting	ADJ
ajfa-2027	140	30	order	order	NOUN
ajfa-2027	140	31	.	.	PUNCT
ajfa-2027	141	1	we	we	PRON
ajfa-2027	141	2	used	use	VERB
ajfa-2027	141	3	arfima	arfima	PROPN
ajfa-2027	141	4	(	(	PUNCT
ajfa-2027	141	5	0,0,0	0,0,0	NOUN
ajfa-2027	141	6	)	)	PUNCT
ajfa-2027	141	7	model	model	NOUN
ajfa-2027	141	8	in	in	ADP
ajfa-2027	141	9	mean	mean	ADJ
ajfa-2027	141	10	equation	equation	NOUN
ajfa-2027	141	11	.	.	PUNCT
ajfa-2027	142	1	the	the	DET
ajfa-2027	142	2	results	result	NOUN
ajfa-2027	142	3	of	of	ADP
ajfa-2027	142	4	the	the	DET
ajfa-2027	142	5	models	model	NOUN
ajfa-2027	142	6	are	be	AUX
ajfa-2027	142	7	presented	present	VERB
ajfa-2027	142	8	in	in	ADP
ajfa-2027	142	9	table	table	NOUN
ajfa-2027	142	10	4	4	NUM
ajfa-2027	142	11	.	.	PUNCT
ajfa-2027	143	1	the	the	DET
ajfa-2027	143	2	model	model	NOUN
ajfa-2027	143	3	selection	selection	NOUN
ajfa-2027	143	4	criteria	criterion	NOUN
ajfa-2027	143	5	based	base	VERB
ajfa-2027	143	6	on	on	ADP
ajfa-2027	143	7	aic	aic	PROPN
ajfa-2027	143	8	and	and	CCONJ
ajfa-2027	143	9	ljung	ljung	PROPN
ajfa-2027	143	10	-	-	PUNCT
ajfa-2027	143	11	box	box	NOUN
ajfa-2027	143	12	q	q	PROPN
ajfa-2027	143	13	statistics	statistic	NOUN
ajfa-2027	143	14	.	.	PUNCT
ajfa-2027	144	1	the	the	DET
ajfa-2027	144	2	model	model	NOUN
ajfa-2027	144	3	which	which	PRON
ajfa-2027	144	4	has	have	AUX
ajfa-2027	144	5	lowest	low	ADJ
ajfa-2027	144	6	aic	aic	PROPN
ajfa-2027	144	7	and	and	CCONJ
ajfa-2027	144	8	passes	pass	VERB
ajfa-2027	144	9	q	q	NOUN
ajfa-2027	144	10	-	-	PUNCT
ajfa-2027	144	11	test	test	NOUN
ajfa-2027	144	12	simultaneously	simultaneously	ADV
ajfa-2027	144	13	is	be	AUX
ajfa-2027	144	14	used	use	VERB
ajfa-2027	144	15	.	.	PUNCT
ajfa-2027	145	1	the	the	DET
ajfa-2027	145	2	model	model	NOUN
ajfa-2027	145	3	selection	selection	NOUN
ajfa-2027	145	4	criteria	criterion	NOUN
ajfa-2027	145	5	suggest	suggest	VERB
ajfa-2027	145	6	figarch(1,1,1	figarch(1,1,1	NOUN
ajfa-2027	145	7	)	)	PUNCT
ajfa-2027	145	8	model	model	NOUN
ajfa-2027	145	9	in	in	ADP
ajfa-2027	145	10	both	both	CCONJ
ajfa-2027	145	11	the	the	DET
ajfa-2027	145	12	stock	stock	NOUN
ajfa-2027	145	13	market	market	NOUN
ajfa-2027	145	14	of	of	ADP
ajfa-2027	145	15	india	india	PROPN
ajfa-2027	145	16	.	.	PUNCT
ajfa-2027	146	1	the	the	DET
ajfa-2027	146	2	sum	sum	NOUN
ajfa-2027	146	3	of	of	ADP
ajfa-2027	146	4	estimates	estimate	NOUN
ajfa-2027	146	5	of	of	ADP
ajfa-2027	146	6	1	1	NUM
ajfa-2027	146	7	and	and	CCONJ
ajfa-2027	146	8	1	1	NUM
ajfa-2027	146	9	is	be	AUX
ajfa-2027	146	10	close	close	ADJ
ajfa-2027	146	11	to	to	ADP
ajfa-2027	146	12	one	one	NUM
ajfa-2027	146	13	for	for	ADP
ajfa-2027	146	14	all	all	DET
ajfa-2027	146	15	the	the	DET
ajfa-2027	146	16	indices	index	NOUN
ajfa-2027	146	17	,	,	PUNCT
ajfa-2027	146	18	indicating	indicate	VERB
ajfa-2027	146	19	that	that	SCONJ
ajfa-2027	146	20	the	the	DET
ajfa-2027	146	21	volatility	volatility	NOUN
ajfa-2027	146	22	is	be	AUX
ajfa-2027	146	23	highly	highly	ADV
ajfa-2027	146	24	persistence	persistence	NOUN
ajfa-2027	146	25	.	.	PUNCT
ajfa-2027	147	1	in	in	ADP
ajfa-2027	147	2	particular	particular	ADJ
ajfa-2027	147	3	,	,	PUNCT
ajfa-2027	147	4	the	the	DET
ajfa-2027	147	5	estimates	estimate	NOUN
ajfa-2027	147	6	of	of	ADP
ajfa-2027	147	7	1	1	PROPN
ajfa-2027	147	8	in	in	ADP
ajfa-2027	147	9	garch	garch	NOUN
ajfa-2027	147	10	model	model	NOUN
ajfa-2027	147	11	are	be	AUX
ajfa-2027	147	12	very	very	ADV
ajfa-2027	147	13	high	high	ADJ
ajfa-2027	147	14	,	,	PUNCT
ajfa-2027	147	15	suggesting	suggest	VERB
ajfa-2027	147	16	a	a	DET
ajfa-2027	147	17	strong	strong	ADJ
ajfa-2027	147	18	autoregressive	autoregressive	ADJ
ajfa-2027	147	19	component	component	NOUN
ajfa-2027	147	20	in	in	ADP
ajfa-2027	147	21	the	the	DET
ajfa-2027	147	22	conditional	conditional	ADJ
ajfa-2027	147	23	variance	variance	NOUN
ajfa-2027	147	24	process	process	NOUN
ajfa-2027	147	25	.	.	PUNCT
ajfa-2027	148	1	the	the	DET
ajfa-2027	148	2	long	long	ADJ
ajfa-2027	148	3	run	run	NOUN
ajfa-2027	148	4	memory	memory	NOUN
ajfa-2027	148	5	parameter	parameter	NOUN
ajfa-2027	148	6	d	d	NOUN
ajfa-2027	148	7	is	be	AUX
ajfa-2027	148	8	statistically	statistically	ADV
ajfa-2027	148	9	significant	significant	ADJ
ajfa-2027	148	10	in	in	ADP
ajfa-2027	148	11	the	the	DET
ajfa-2027	148	12	indian	indian	ADJ
ajfa-2027	148	13	stock	stock	NOUN
ajfa-2027	148	14	markets	market	NOUN
ajfa-2027	148	15	implying	imply	VERB
ajfa-2027	148	16	prevalent	prevalent	NOUN
ajfa-2027	148	17	of	of	ADP
ajfa-2027	148	18	long	long	ADJ
ajfa-2027	148	19	memory	memory	NOUN
ajfa-2027	148	20	in	in	ADP
ajfa-2027	148	21	volatility	volatility	NOUN
ajfa-2027	148	22	.	.	PUNCT
ajfa-2027	149	1	comparing	compare	VERB
ajfa-2027	149	2	the	the	DET
ajfa-2027	149	3	degree	degree	NOUN
ajfa-2027	149	4	of	of	ADP
ajfa-2027	149	5	parameter	parameter	NOUN
ajfa-2027	149	6	d	d	PROPN
ajfa-2027	149	7	between	between	ADP
ajfa-2027	149	8	the	the	DET
ajfa-2027	149	9	bse	bse	NOUN
ajfa-2027	149	10	and	and	CCONJ
ajfa-2027	149	11	nse	nse	NOUN
ajfa-2027	149	12	stock	stock	NOUN
ajfa-2027	149	13	markets	market	NOUN
ajfa-2027	149	14	,	,	PUNCT
ajfa-2027	149	15	the	the	DET
ajfa-2027	149	16	long	long	ADJ
ajfa-2027	149	17	memory	memory	NOUN
ajfa-2027	149	18	property	property	NOUN
ajfa-2027	149	19	in	in	ADP
ajfa-2027	149	20	nse	nse	NOUN
ajfa-2027	149	21	market	market	NOUN
ajfa-2027	149	22	is	be	AUX
ajfa-2027	149	23	less	less	ADJ
ajfa-2027	149	24	than	than	ADP
ajfa-2027	149	25	that	that	PRON
ajfa-2027	149	26	in	in	ADP
ajfa-2027	149	27	its	its	PRON
ajfa-2027	149	28	counterpart	counterpart	NOUN
ajfa-2027	149	29	.	.	PUNCT
ajfa-2027	150	1	the	the	DET
ajfa-2027	150	2	reasons	reason	NOUN
ajfa-2027	150	3	might	might	AUX
ajfa-2027	150	4	be	be	AUX
ajfa-2027	150	5	related	relate	VERB
ajfa-2027	150	6	to	to	ADP
ajfa-2027	150	7	market	market	NOUN
ajfa-2027	150	8	microstructure	microstructure	NOUN
ajfa-2027	150	9	.	.	PUNCT
ajfa-2027	151	1	nse	nse	NOUN
ajfa-2027	151	2	has	have	AUX
ajfa-2027	151	3	been	be	AUX
ajfa-2027	151	4	providing	provide	VERB
ajfa-2027	151	5	investors	investor	NOUN
ajfa-2027	151	6	’	'	PUNCT
ajfa-2027	151	7	better	well	ADJ
ajfa-2027	151	8	platform	platform	NOUN
ajfa-2027	151	9	to	to	PART
ajfa-2027	151	10	adopt	adopt	VERB
ajfa-2027	151	11	broader	broad	ADJ
ajfa-2027	151	12	investment	investment	NOUN
ajfa-2027	151	13	strategy	strategy	NOUN
ajfa-2027	151	14	and	and	CCONJ
ajfa-2027	151	15	gather	gather	VERB
ajfa-2027	151	16	information	information	NOUN
ajfa-2027	151	17	through	through	ADP
ajfa-2027	151	18	better	well	ADJ
ajfa-2027	151	19	usage	usage	NOUN
ajfa-2027	151	20	of	of	ADP
ajfa-2027	151	21	information	information	NOUN
ajfa-2027	151	22	technology	technology	NOUN
ajfa-2027	151	23	.	.	PUNCT
ajfa-2027	152	1	the	the	DET
ajfa-2027	152	2	results	result	NOUN
ajfa-2027	152	3	also	also	ADV
ajfa-2027	152	4	indicate	indicate	VERB
ajfa-2027	152	5	that	that	SCONJ
ajfa-2027	152	6	the	the	DET
ajfa-2027	152	7	1	1	NUM
ajfa-2027	152	8	estimates	estimate	NOUN
ajfa-2027	152	9	are	be	AUX
ajfa-2027	152	10	lower	low	ADJ
ajfa-2027	152	11	in	in	ADP
ajfa-2027	152	12	the	the	DET
ajfa-2027	152	13	figarch	figarch	NOUN
ajfa-2027	152	14	than	than	ADP
ajfa-2027	152	15	those	those	PRON
ajfa-2027	152	16	of	of	ADP
ajfa-2027	152	17	garch	garch	NOUN
ajfa-2027	152	18	models	model	NOUN
ajfa-2027	152	19	.	.	PUNCT
ajfa-2027	153	1	these	these	DET
ajfa-2027	153	2	results	result	NOUN
ajfa-2027	153	3	are	be	AUX
ajfa-2027	153	4	in	in	ADP
ajfa-2027	153	5	line	line	NOUN
ajfa-2027	153	6	with	with	ADP
ajfa-2027	153	7	the	the	DET
ajfa-2027	153	8	findings	finding	NOUN
ajfa-2027	153	9	of	of	ADP
ajfa-2027	153	10	baillie	baillie	PROPN
ajfa-2027	153	11	et	et	PROPN
ajfa-2027	153	12	al.(1996	al.(1996	PROPN
ajfa-2027	153	13	)	)	PUNCT
ajfa-2027	153	14	who	who	PRON
ajfa-2027	153	15	show	show	VERB
ajfa-2027	153	16	that	that	SCONJ
ajfa-2027	153	17	there	there	PRON
ajfa-2027	153	18	is	be	VERB
ajfa-2027	153	19	an	an	DET
ajfa-2027	153	20	upward	upward	ADJ
ajfa-2027	153	21	bias	bias	NOUN
ajfa-2027	153	22	in	in	ADP
ajfa-2027	153	23	garch	garch	NOUN
ajfa-2027	153	24	estimates	estimate	NOUN
ajfa-2027	153	25	in	in	ADP
ajfa-2027	153	26	the	the	DET
ajfa-2027	153	27	presence	presence	NOUN
ajfa-2027	153	28	of	of	ADP
ajfa-2027	153	29	long	long	ADJ
ajfa-2027	153	30	memory	memory	NOUN
ajfa-2027	153	31	due	due	ADP
ajfa-2027	153	32	to	to	ADP
ajfa-2027	153	33	the	the	DET
ajfa-2027	153	34	fact	fact	NOUN
ajfa-2027	153	35	that	that	SCONJ
ajfa-2027	153	36	garch	garch	NOUN
ajfa-2027	153	37	model	model	NOUN
ajfa-2027	153	38	does	do	AUX
ajfa-2027	153	39	not	not	PART
ajfa-2027	153	40	take	take	VERB
ajfa-2027	153	41	into	into	ADP
ajfa-2027	153	42	account	account	NOUN
ajfa-2027	153	43	the	the	DET
ajfa-2027	153	44	long	long	ADJ
ajfa-2027	153	45	memory	memory	NOUN
ajfa-2027	153	46	component	component	NOUN
ajfa-2027	153	47	of	of	ADP
ajfa-2027	153	48	the	the	DET
ajfa-2027	153	49	volatility	volatility	NOUN
ajfa-2027	153	50	process	process	NOUN
ajfa-2027	153	51	.	.	PUNCT
ajfa-2027	154	1	examining	examine	VERB
ajfa-2027	154	2	the	the	DET
ajfa-2027	154	3	distributional	distributional	ADJ
ajfa-2027	154	4	property	property	NOUN
ajfa-2027	154	5	,	,	PUNCT
ajfa-2027	154	6	the	the	DET
ajfa-2027	154	7	standardized	standardized	ADJ
ajfa-2027	154	8	residuals	residual	NOUN
ajfa-2027	154	9	exhibit	exhibit	VERB
ajfa-2027	154	10	excess	excess	ADJ
ajfa-2027	154	11	kurtosis	kurtosis	NOUN
ajfa-2027	154	12	and	and	CCONJ
ajfa-2027	154	13	skewness	skewness	NOUN
ajfa-2027	154	14	.	.	PUNCT
ajfa-2027	155	1	this	this	PRON
ajfa-2027	155	2	justifies	justify	VERB
ajfa-2027	155	3	the	the	DET
ajfa-2027	155	4	use	use	NOUN
ajfa-2027	155	5	of	of	ADP
ajfa-2027	155	6	skewed	skewed	ADJ
ajfa-2027	155	7	student	student	NOUN
ajfa-2027	155	8	-	-	PUNCT
ajfa-2027	155	9	t	t	NOUN
ajfa-2027	155	10	distribution	distribution	NOUN
ajfa-2027	155	11	.	.	PUNCT
ajfa-2027	156	1	the	the	DET
ajfa-2027	156	2	statistically	statistically	ADV
ajfa-2027	156	3	insignificant	insignificant	ADJ
ajfa-2027	156	4	value	value	NOUN
ajfa-2027	156	5	of	of	ADP
ajfa-2027	156	6	p(60	p(60	ADJ
ajfa-2027	156	7	)	)	PUNCT
ajfa-2027	156	8	test	test	NOUN
ajfa-2027	156	9	suggest	suggest	VERB
ajfa-2027	156	10	the	the	DET
ajfa-2027	156	11	relevance	relevance	NOUN
ajfa-2027	156	12	of	of	ADP
ajfa-2027	156	13	the	the	DET
ajfa-2027	156	14	student	student	NOUN
ajfa-2027	156	15	-	-	PUNCT
ajfa-2027	156	16	t	t	NOUN
ajfa-2027	156	17	distribution	distribution	NOUN
ajfa-2027	156	18	for	for	ADP
ajfa-2027	156	19	the	the	DET
ajfa-2027	156	20	bse	bse	NOUN
ajfa-2027	156	21	and	and	CCONJ
ajfa-2027	156	22	nse	nse	NOUN
ajfa-2027	156	23	returns	return	NOUN
ajfa-2027	156	24	.	.	PUNCT
ajfa-2027	157	1	asian	asian	ADJ
ajfa-2027	157	2	journal	journal	PROPN
ajfa-2027	157	3	of	of	ADP
ajfa-2027	157	4	finance	finance	PROPN
ajfa-2027	157	5	&	&	CCONJ
ajfa-2027	157	6	accounting	accounting	PROPN
ajfa-2027	157	7	issn	issn	PROPN
ajfa-2027	157	8	1946	1946	NUM
ajfa-2027	157	9	-	-	PUNCT
ajfa-2027	157	10	052x	052x	NOUN
ajfa-2027	157	11	2012	2012	NUM
ajfa-2027	157	12	,	,	PUNCT
ajfa-2027	157	13	vol	vol	NOUN
ajfa-2027	157	14	.	.	PROPN
ajfa-2027	157	15	4	4	NUM
ajfa-2027	157	16	,	,	PUNCT
ajfa-2027	157	17	no	no	INTJ
ajfa-2027	157	18	.	.	NOUN
ajfa-2027	157	19	2	2	NUM
ajfa-2027	157	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2027	157	21	227	227	NUM
ajfa-2027	157	22	table	table	NOUN
ajfa-2027	157	23	4	4	NUM
ajfa-2027	157	24	.	.	PUNCT
ajfa-2027	157	25	estimation	estimation	NOUN
ajfa-2027	157	26	results	result	NOUN
ajfa-2027	157	27	of	of	ADP
ajfa-2027	157	28	garch	garch	NOUN
ajfa-2027	157	29	models	model	NOUN
ajfa-2027	157	30	(	(	PUNCT
ajfa-2027	157	31	a	a	X
ajfa-2027	157	32	)	)	PUNCT
ajfa-2027	157	33	bse	bse	NOUN
ajfa-2027	157	34	and	and	CCONJ
ajfa-2027	157	35	(	(	PUNCT
ajfa-2027	157	36	b	b	NOUN
ajfa-2027	157	37	)	)	PUNCT
ajfa-2027	157	38	nse	nse	NOUN
ajfa-2027	157	39	(	(	PUNCT
ajfa-2027	157	40	p	p	X
ajfa-2027	157	41	,	,	PUNCT
ajfa-2027	157	42	d	d	NOUN
ajfa-2027	157	43	,	,	PUNCT
ajfa-2027	157	44	q	q	NOUN
ajfa-2027	157	45	)	)	PUNCT
ajfa-2027	157	46	garch	garch	NOUN
ajfa-2027	157	47	(	(	PUNCT
ajfa-2027	157	48	1,0,1	1,0,1	NUM
ajfa-2027	157	49	)	)	PUNCT
ajfa-2027	157	50	igarch	igarch	NOUN
ajfa-2027	157	51	(	(	PUNCT
ajfa-2027	157	52	1,1,1	1,1,1	NUM
ajfa-2027	157	53	)	)	PUNCT
ajfa-2027	157	54	figarch	figarch	NOUN
ajfa-2027	157	55	(	(	PUNCT
ajfa-2027	157	56	1,d,0	1,d,0	NUM
ajfa-2027	157	57	)	)	PUNCT
ajfa-2027	157	58	figarch	figarch	NOUN
ajfa-2027	157	59	(	(	PUNCT
ajfa-2027	157	60	1,d,1	1,d,1	NUM
ajfa-2027	157	61	)	)	PUNCT
ajfa-2027	157	62	(	(	PUNCT
ajfa-2027	157	63	a	a	DET
ajfa-2027	157	64	)	)	PUNCT
ajfa-2027	157	65			NOUN
ajfa-2027	157	66	0.046	0.046	NUM
ajfa-2027	157	67	(	(	PUNCT
ajfa-2027	157	68	0.33	0.33	NUM
ajfa-2027	157	69	)	)	PUNCT
ajfa-2027	157	70	0.047	0.047	NUM
ajfa-2027	157	71	(	(	PUNCT
ajfa-2027	157	72	0.33	0.33	NUM
ajfa-2027	157	73	)	)	PUNCT
ajfa-2027	157	74	0.065	0.065	NUM
ajfa-2027	157	75	(	(	PUNCT
ajfa-2027	157	76	0.21	0.21	NUM
ajfa-2027	157	77	)	)	PUNCT
ajfa-2027	157	78	0.047	0.047	NUM
ajfa-2027	157	79	(	(	PUNCT
ajfa-2027	157	80	0.30	0.30	NUM
ajfa-2027	157	81	)	)	PUNCT
ajfa-2027	157	82			PROPN
ajfa-2027	157	83	0.028	0.028	NUM
ajfa-2027	157	84	(	(	PUNCT
ajfa-2027	157	85	0.09	0.09	NUM
ajfa-2027	157	86	)	)	PUNCT
ajfa-2027	157	87	0.026	0.026	NUM
ajfa-2027	157	88	(	(	PUNCT
ajfa-2027	157	89	0.07	0.07	NUM
ajfa-2027	157	90	)	)	PUNCT
ajfa-2027	157	91	0.044	0.044	NUM
ajfa-2027	157	92	(	(	PUNCT
ajfa-2027	157	93	0.72	0.72	NUM
ajfa-2027	157	94	)	)	PUNCT
ajfa-2027	157	95	0.031	0.031	NUM
ajfa-2027	157	96	(	(	PUNCT
ajfa-2027	157	97	0.33	0.33	NUM
ajfa-2027	157	98	)	)	PUNCT
ajfa-2027	157	99	1	1	NUM
ajfa-2027	157	100	0.889	0.889	NUM
ajfa-2027	157	101	(	(	PUNCT
ajfa-2027	157	102	0.00	0.00	NUM
ajfa-2027	157	103	)	)	PUNCT
ajfa-2027	157	104	0.889	0.889	NUM
ajfa-2027	157	105	(	(	PUNCT
ajfa-2027	157	106	0.00	0.00	NUM
ajfa-2027	157	107	)	)	PUNCT
ajfa-2027	157	108	0.787	0.787	NUM
ajfa-2027	157	109	(	(	PUNCT
ajfa-2027	157	110	0.00	0.00	NUM
ajfa-2027	157	111	)	)	PUNCT
ajfa-2027	157	112	0.712	0.712	NUM
ajfa-2027	157	113	(	(	PUNCT
ajfa-2027	157	114	0.00	0.00	NUM
ajfa-2027	157	115	)	)	PUNCT
ajfa-2027	157	116	d	d	NOUN
ajfa-2027	157	117	1	1	NUM
ajfa-2027	157	118	0.854	0.854	NUM
ajfa-2027	157	119	(	(	PUNCT
ajfa-2027	157	120	0.00	0.00	NUM
ajfa-2027	157	121	)	)	PUNCT
ajfa-2027	157	122	0.702	0.702	NUM
ajfa-2027	157	123	(	(	PUNCT
ajfa-2027	157	124	0.00	0.00	NUM
ajfa-2027	157	125	)	)	PUNCT
ajfa-2027	157	126	1	1	NUM
ajfa-2027	157	127	0.107	0.107	NUM
ajfa-2027	157	128	(	(	PUNCT
ajfa-2027	157	129	0.00	0.00	NUM
ajfa-2027	157	130	)	)	PUNCT
ajfa-2027	157	131	0.111	0.111	NUM
ajfa-2027	157	132	(	(	PUNCT
ajfa-2027	157	133	0.00	0.00	NUM
ajfa-2027	157	134	)	)	PUNCT
ajfa-2027	157	135	0.07	0.07	NUM
ajfa-2027	157	136	(	(	PUNCT
ajfa-2027	157	137	0.31	0.31	NUM
ajfa-2027	157	138	)	)	PUNCT
ajfa-2027	157	139	ln(l	ln(l	NUM
ajfa-2027	157	140	)	)	PUNCT
ajfa-2027	157	141	-1694.45	-1694.45	NOUN
ajfa-2027	158	1	-1694.5	-1694.5	PUNCT
ajfa-2027	159	1	-1704.5	-1704.5	PROPN
ajfa-2027	160	1	-1688.91	-1688.91	NOUN
ajfa-2027	160	2	aic	aic	PROPN
ajfa-2027	161	1	3.828	3.828	NUM
ajfa-2027	161	2	3.826	3.826	NUM
ajfa-2027	161	3	3.848	3.848	NUM
ajfa-2027	161	4	3.817	3.817	NUM
ajfa-2027	161	5	q(20	q(20	PROPN
ajfa-2027	161	6	)	)	PUNCT
ajfa-2027	161	7	19.15	19.15	NUM
ajfa-2027	161	8	(	(	PUNCT
ajfa-2027	161	9	0.51	0.51	NUM
ajfa-2027	161	10	)	)	PUNCT
ajfa-2027	161	11	19.11	19.11	NUM
ajfa-2027	161	12	(	(	PUNCT
ajfa-2027	161	13	0.51	0.51	NUM
ajfa-2027	161	14	)	)	PUNCT
ajfa-2027	161	15	20.249	20.249	NUM
ajfa-2027	161	16	(	(	PUNCT
ajfa-2027	161	17	0.44	0.44	NUM
ajfa-2027	161	18	)	)	PUNCT
ajfa-2027	161	19	20.173	20.173	NUM
ajfa-2027	162	1	(	(	PUNCT
ajfa-2027	162	2	0.44	0.44	NUM
ajfa-2027	162	3	)	)	PUNCT
ajfa-2027	162	4	qs(20	qs(20	PROPN
ajfa-2027	162	5	)	)	PUNCT
ajfa-2027	162	6	8.017	8.017	NUM
ajfa-2027	162	7	(	(	PUNCT
ajfa-2027	162	8	0.978	0.978	NUM
ajfa-2027	162	9	)	)	PUNCT
ajfa-2027	162	10	8.152	8.152	NUM
ajfa-2027	162	11	(	(	PUNCT
ajfa-2027	162	12	0.976	0.976	NUM
ajfa-2027	162	13	)	)	PUNCT
ajfa-2027	162	14	8.578	8.578	NUM
ajfa-2027	162	15	(	(	PUNCT
ajfa-2027	162	16	0.979	0.979	NUM
ajfa-2027	162	17	)	)	PUNCT
ajfa-2027	162	18	8.328	8.328	NUM
ajfa-2027	162	19	(	(	PUNCT
ajfa-2027	162	20	0.973	0.973	NUM
ajfa-2027	162	21	)	)	PUNCT
ajfa-2027	162	22	arch(5	arch(5	NOUN
ajfa-2027	162	23	)	)	PUNCT
ajfa-2027	163	1	0.587	0.587	NUM
ajfa-2027	163	2	(	(	PUNCT
ajfa-2027	163	3	0.709	0.709	NUM
ajfa-2027	163	4	)	)	PUNCT
ajfa-2027	163	5	0.601	0.601	NUM
ajfa-2027	163	6	(	(	PUNCT
ajfa-2027	163	7	0.699	0.699	NUM
ajfa-2027	163	8	)	)	PUNCT
ajfa-2027	163	9	0.561	0.561	NUM
ajfa-2027	163	10	(	(	PUNCT
ajfa-2027	163	11	0.730	0.730	NUM
ajfa-2027	163	12	)	)	PUNCT
ajfa-2027	163	13	0.544	0.544	NUM
ajfa-2027	163	14	(	(	PUNCT
ajfa-2027	163	15	0.742	0.742	NUM
ajfa-2027	163	16	)	)	PUNCT
ajfa-2027	163	17	skewness	skewness	NOUN
ajfa-2027	163	18	0.15	0.15	NUM
ajfa-2027	163	19	*	*	PUNCT
ajfa-2027	163	20	*	*	PUNCT
ajfa-2027	163	21	0.15	0.15	NUM
ajfa-2027	163	22	*	*	PUNCT
ajfa-2027	163	23	*	*	PUNCT
ajfa-2027	163	24	0.12	0.12	NUM
ajfa-2027	163	25	0.14	0.14	NUM
ajfa-2027	163	26	*	*	PUNCT
ajfa-2027	163	27	*	*	NOUN
ajfa-2027	163	28	excess	excess	ADJ
ajfa-2027	163	29	kurtosis	kurtosis	NOUN
ajfa-2027	163	30	2.14	2.14	NUM
ajfa-2027	163	31	*	*	SYM
ajfa-2027	163	32	2.13	2.13	NUM
ajfa-2027	163	33	*	*	SYM
ajfa-2027	163	34	2.22	2.22	NUM
ajfa-2027	163	35	*	*	SYM
ajfa-2027	163	36	2.11	2.11	NUM
ajfa-2027	163	37	*	*	NOUN
ajfa-2027	163	38	p(60	p(60	NUM
ajfa-2027	163	39	)	)	PUNCT
ajfa-2027	163	40	44.57	44.57	NUM
ajfa-2027	163	41	(	(	PUNCT
ajfa-2027	163	42	0.83	0.83	NUM
ajfa-2027	163	43	)	)	PUNCT
ajfa-2027	163	44	54.30	54.30	NUM
ajfa-2027	163	45	(	(	PUNCT
ajfa-2027	163	46	0.50	0.50	NUM
ajfa-2027	163	47	)	)	PUNCT
ajfa-2027	163	48	61.73	61.73	NUM
ajfa-2027	163	49	(	(	PUNCT
ajfa-2027	163	50	0.24	0.24	NUM
ajfa-2027	163	51	)	)	PUNCT
ajfa-2027	163	52	60.51	60.51	NUM
ajfa-2027	163	53	(	(	PUNCT
ajfa-2027	163	54	0.22	0.22	NUM
ajfa-2027	163	55	)	)	PUNCT
ajfa-2027	163	56	(	(	PUNCT
ajfa-2027	163	57	b	b	NOUN
ajfa-2027	163	58	)	)	PUNCT
ajfa-2027	163	59			NOUN
ajfa-2027	163	60	0.057	0.057	NUM
ajfa-2027	163	61	(	(	PUNCT
ajfa-2027	163	62	0.25	0.25	NUM
ajfa-2027	163	63	)	)	PUNCT
ajfa-2027	163	64	0.058	0.058	NUM
ajfa-2027	163	65	(	(	PUNCT
ajfa-2027	163	66	0.24	0.24	NUM
ajfa-2027	163	67	)	)	PUNCT
ajfa-2027	163	68	0.068	0.068	NUM
ajfa-2027	163	69	(	(	PUNCT
ajfa-2027	163	70	0.13	0.13	NUM
ajfa-2027	163	71	)	)	PUNCT
ajfa-2027	163	72	0.059	0.059	NUM
ajfa-2027	163	73	(	(	PUNCT
ajfa-2027	163	74	0.23	0.23	NUM
ajfa-2027	163	75	)	)	PUNCT
ajfa-2027	163	76			PROPN
ajfa-2027	163	77	0.031	0.031	NUM
ajfa-2027	163	78	(	(	PUNCT
ajfa-2027	163	79	0.07	0.07	NUM
ajfa-2027	163	80	)	)	PUNCT
ajfa-2027	163	81	0.028	0.028	NUM
ajfa-2027	163	82	(	(	PUNCT
ajfa-2027	163	83	0.07	0.07	NUM
ajfa-2027	163	84	)	)	PUNCT
ajfa-2027	163	85	0.059	0.059	NUM
ajfa-2027	163	86	(	(	PUNCT
ajfa-2027	163	87	0.12	0.12	NUM
ajfa-2027	163	88	)	)	PUNCT
ajfa-2027	163	89	0.034	0.034	NUM
ajfa-2027	163	90	(	(	PUNCT
ajfa-2027	163	91	0.32	0.32	NUM
ajfa-2027	163	92	)	)	PUNCT
ajfa-2027	163	93	1	1	PROPN
ajfa-2027	163	94	0.888	0.888	NUM
ajfa-2027	163	95	(	(	PUNCT
ajfa-2027	163	96	0.00	0.00	NUM
ajfa-2027	163	97	)	)	PUNCT
ajfa-2027	163	98	0.888	0.888	NUM
ajfa-2027	163	99	(	(	PUNCT
ajfa-2027	163	100	0.00	0.00	NUM
ajfa-2027	163	101	)	)	PUNCT
ajfa-2027	163	102	0.693	0.693	NUM
ajfa-2027	163	103	(	(	PUNCT
ajfa-2027	163	104	0.036	0.036	NUM
ajfa-2027	163	105	)	)	PUNCT
ajfa-2027	163	106	0.649	0.649	NUM
ajfa-2027	163	107	(	(	PUNCT
ajfa-2027	163	108	0.00	0.00	NUM
ajfa-2027	163	109	)	)	PUNCT
ajfa-2027	163	110	d	d	NOUN
ajfa-2027	163	111	1	1	NUM
ajfa-2027	163	112	0.743	0.743	NUM
ajfa-2027	163	113	(	(	PUNCT
ajfa-2027	163	114	0.04	0.04	NUM
ajfa-2027	163	115	)	)	PUNCT
ajfa-2027	163	116	0.650	0.650	NUM
ajfa-2027	163	117	(	(	PUNCT
ajfa-2027	163	118	0.00	0.00	NUM
ajfa-2027	163	119	)	)	PUNCT
ajfa-2027	163	120	1	1	NUM
ajfa-2027	163	121	0.108	0.108	NUM
ajfa-2027	163	122	(	(	PUNCT
ajfa-2027	163	123	0.00	0.00	NUM
ajfa-2027	163	124	)	)	PUNCT
ajfa-2027	163	125	0.112	0.112	NUM
ajfa-2027	163	126	(	(	PUNCT
ajfa-2027	163	127	0.00	0.00	NUM
ajfa-2027	163	128	)	)	PUNCT
ajfa-2027	163	129	0.109	0.109	NUM
ajfa-2027	163	130	(	(	PUNCT
ajfa-2027	163	131	0.21	0.21	NUM
ajfa-2027	163	132	)	)	PUNCT
ajfa-2027	163	133	ln(l	ln(l	NUM
ajfa-2027	163	134	)	)	PUNCT
ajfa-2027	164	1	-1685.75	-1685.75	PROPN
ajfa-2027	164	2	-1685.81	-1685.81	PUNCT
ajfa-2027	165	1	-1684.66	-1684.66	PUNCT
ajfa-2027	165	2	-1683.86	-1683.86	PROPN
ajfa-2027	165	3	aic	aic	PROPN
ajfa-2027	165	4	3.808	3.808	NUM
ajfa-2027	165	5	3.806	3.806	NUM
ajfa-2027	165	6	3.805	3.805	NUM
ajfa-2027	165	7	3.704	3.704	NUM
ajfa-2027	165	8	q(20	q(20	VERB
ajfa-2027	165	9	)	)	PUNCT
ajfa-2027	165	10	17.45	17.45	NUM
ajfa-2027	165	11	(	(	PUNCT
ajfa-2027	165	12	0.56	0.56	NUM
ajfa-2027	165	13	)	)	PUNCT
ajfa-2027	165	14	18.35	18.35	NUM
ajfa-2027	165	15	(	(	PUNCT
ajfa-2027	165	16	0.56	0.56	NUM
ajfa-2027	165	17	)	)	PUNCT
ajfa-2027	165	18	19.84	19.84	NUM
ajfa-2027	165	19	(	(	PUNCT
ajfa-2027	165	20	0.47	0.47	NUM
ajfa-2027	165	21	)	)	PUNCT
ajfa-2027	165	22	19.11	19.11	NUM
ajfa-2027	165	23	(	(	PUNCT
ajfa-2027	165	24	0.51	0.51	NUM
ajfa-2027	165	25	)	)	PUNCT
ajfa-2027	165	26	asian	asian	ADJ
ajfa-2027	165	27	journal	journal	NOUN
ajfa-2027	165	28	of	of	ADP
ajfa-2027	165	29	finance	finance	PROPN
ajfa-2027	165	30	&	&	CCONJ
ajfa-2027	165	31	accounting	accounting	PROPN
ajfa-2027	165	32	issn	issn	PROPN
ajfa-2027	165	33	1946	1946	NUM
ajfa-2027	165	34	-	-	PUNCT
ajfa-2027	165	35	052x	052x	NOUN
ajfa-2027	165	36	2012	2012	NUM
ajfa-2027	165	37	,	,	PUNCT
ajfa-2027	165	38	vol	vol	NOUN
ajfa-2027	165	39	.	.	PROPN
ajfa-2027	165	40	4	4	NUM
ajfa-2027	165	41	,	,	PUNCT
ajfa-2027	165	42	no	no	INTJ
ajfa-2027	165	43	.	.	NOUN
ajfa-2027	165	44	2	2	NUM
ajfa-2027	165	45	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2027	165	46	228	228	NUM
ajfa-2027	165	47	qs(20	qs(20	PROPN
ajfa-2027	165	48	)	)	PUNCT
ajfa-2027	165	49	5.80	5.80	NUM
ajfa-2027	165	50	(	(	PUNCT
ajfa-2027	165	51	0.99	0.99	NUM
ajfa-2027	165	52	)	)	PUNCT
ajfa-2027	165	53	5.96	5.96	NUM
ajfa-2027	165	54	(	(	PUNCT
ajfa-2027	165	55	0.98	0.98	NUM
ajfa-2027	165	56	)	)	PUNCT
ajfa-2027	165	57	6.48	6.48	NUM
ajfa-2027	165	58	(	(	PUNCT
ajfa-2027	165	59	0.99	0.99	NUM
ajfa-2027	165	60	)	)	PUNCT
ajfa-2027	165	61	5.91	5.91	NUM
ajfa-2027	165	62	(	(	PUNCT
ajfa-2027	165	63	0.99	0.99	NUM
ajfa-2027	165	64	)	)	PUNCT
ajfa-2027	165	65	arch(5	arch(5	NOUN
ajfa-2027	165	66	)	)	PUNCT
ajfa-2027	165	67	0.338	0.338	NUM
ajfa-2027	165	68	(	(	PUNCT
ajfa-2027	165	69	0.89	0.89	NUM
ajfa-2027	165	70	)	)	PUNCT
ajfa-2027	165	71	0.348	0.348	NUM
ajfa-2027	165	72	(	(	PUNCT
ajfa-2027	165	73	0.88	0.88	NUM
ajfa-2027	165	74	)	)	PUNCT
ajfa-2027	165	75	0.416	0.416	NUM
ajfa-2027	165	76	(	(	PUNCT
ajfa-2027	165	77	0.84	0.84	NUM
ajfa-2027	165	78	)	)	PUNCT
ajfa-2027	165	79	0.323	0.323	NUM
ajfa-2027	165	80	(	(	PUNCT
ajfa-2027	165	81	0.123	0.123	NUM
ajfa-2027	165	82	)	)	PUNCT
ajfa-2027	165	83	skewness	skewness	NOUN
ajfa-2027	165	84	0.17	0.17	NUM
ajfa-2027	165	85	*	*	SYM
ajfa-2027	165	86	0.17	0.17	NUM
ajfa-2027	165	87	*	*	PUNCT
ajfa-2027	166	1	0.16	0.16	NUM
ajfa-2027	166	2	*	*	SYM
ajfa-2027	166	3	0.18	0.18	NUM
ajfa-2027	166	4	*	*	NOUN
ajfa-2027	166	5	excess	excess	ADJ
ajfa-2027	166	6	kurtosis	kurtosis	NOUN
ajfa-2027	166	7	3.40	3.40	NUM
ajfa-2027	166	8	*	*	NOUN
ajfa-2027	166	9	3.43	3.43	NUM
ajfa-2027	166	10	*	*	NUM
ajfa-2027	166	11	3.64	3.64	NUM
ajfa-2027	166	12	*	*	SYM
ajfa-2027	166	13	3.41	3.41	NUM
ajfa-2027	166	14	*	*	NOUN
ajfa-2027	166	15	p(60	p(60	NUM
ajfa-2027	166	16	)	)	PUNCT
ajfa-2027	166	17	54.29	54.29	NUM
ajfa-2027	166	18	(	(	PUNCT
ajfa-2027	166	19	0.46	0.46	NUM
ajfa-2027	166	20	)	)	PUNCT
ajfa-2027	166	21	47.81	47.81	NUM
ajfa-2027	166	22	(	(	PUNCT
ajfa-2027	166	23	0.74	0.74	NUM
ajfa-2027	166	24	)	)	PUNCT
ajfa-2027	166	25	63.08	63.08	NUM
ajfa-2027	166	26	(	(	PUNCT
ajfa-2027	166	27	0.18	0.18	NUM
ajfa-2027	166	28	)	)	PUNCT
ajfa-2027	166	29	71.73	71.73	NUM
ajfa-2027	166	30	(	(	PUNCT
ajfa-2027	166	31	0.13	0.13	NUM
ajfa-2027	166	32	)	)	PUNCT
ajfa-2027	166	33	notes	note	NOUN
ajfa-2027	166	34	:	:	PUNCT
ajfa-2027	166	35	p(60	p(60	X
ajfa-2027	166	36	)	)	PUNCT
ajfa-2027	166	37	is	be	AUX
ajfa-2027	166	38	the	the	DET
ajfa-2027	166	39	pearson	pearson	PROPN
ajfa-2027	166	40	goodness	goodness	PROPN
ajfa-2027	166	41	-	-	PUNCT
ajfa-2027	166	42	of	of	ADP
ajfa-2027	166	43	-	-	PUNCT
ajfa-2027	166	44	fit	fit	NOUN
ajfa-2027	166	45	statistic	statistic	NOUN
ajfa-2027	166	46	for	for	ADP
ajfa-2027	166	47	60	60	NUM
ajfa-2027	166	48	cells	cell	NOUN
ajfa-2027	166	49	.	.	PUNCT
ajfa-2027	167	1	the	the	DET
ajfa-2027	167	2	arch(5	arch(5	PROPN
ajfa-2027	167	3	)	)	PUNCT
ajfa-2027	167	4	and	and	CCONJ
ajfa-2027	167	5	p(60	p(60	X
ajfa-2027	167	6	)	)	PUNCT
ajfa-2027	167	7	tests	test	NOUN
ajfa-2027	167	8	are	be	AUX
ajfa-2027	167	9	computed	compute	VERB
ajfa-2027	167	10	on	on	ADP
ajfa-2027	167	11	the	the	DET
ajfa-2027	167	12	standardized	standardized	ADJ
ajfa-2027	167	13	residuals	residual	NOUN
ajfa-2027	167	14	.	.	PUNCT
ajfa-2027	168	1	*	*	PUNCT
ajfa-2027	169	1	and	and	CCONJ
ajfa-2027	169	2	*	*	PUNCT
ajfa-2027	169	3	*	*	PUNCT
ajfa-2027	169	4	indicate	indicate	VERB
ajfa-2027	169	5	rejection	rejection	NOUN
ajfa-2027	169	6	at	at	ADP
ajfa-2027	169	7	1	1	NUM
ajfa-2027	169	8	%	%	NOUN
ajfa-2027	169	9	and	and	CCONJ
ajfa-2027	169	10	5	5	NUM
ajfa-2027	169	11	%	%	NOUN
ajfa-2027	169	12	significance	significance	NOUN
ajfa-2027	169	13	level	level	NOUN
ajfa-2027	169	14	,	,	PUNCT
ajfa-2027	169	15	respectively	respectively	ADV
ajfa-2027	169	16	.	.	PUNCT
ajfa-2027	170	1	5	5	X
ajfa-2027	170	2	.	.	X
ajfa-2027	170	3	conclusions	conclusion	NOUN
ajfa-2027	170	4	the	the	DET
ajfa-2027	170	5	study	study	NOUN
ajfa-2027	170	6	examined	examine	VERB
ajfa-2027	170	7	the	the	DET
ajfa-2027	170	8	long	long	ADJ
ajfa-2027	170	9	memory	memory	NOUN
ajfa-2027	170	10	property	property	NOUN
ajfa-2027	170	11	in	in	ADP
ajfa-2027	170	12	the	the	DET
ajfa-2027	170	13	indian	indian	ADJ
ajfa-2027	170	14	stock	stock	NOUN
ajfa-2027	170	15	markets	market	NOUN
ajfa-2027	170	16	.	.	PUNCT
ajfa-2027	171	1	the	the	DET
ajfa-2027	171	2	results	result	NOUN
ajfa-2027	171	3	of	of	ADP
ajfa-2027	171	4	arfima	arfima	PROPN
ajfa-2027	171	5	model	model	NOUN
ajfa-2027	171	6	indicate	indicate	VERB
ajfa-2027	171	7	that	that	SCONJ
ajfa-2027	171	8	there	there	PRON
ajfa-2027	171	9	is	be	VERB
ajfa-2027	171	10	no	no	DET
ajfa-2027	171	11	existence	existence	NOUN
ajfa-2027	171	12	of	of	ADP
ajfa-2027	171	13	long	long	ADJ
ajfa-2027	171	14	memory	memory	NOUN
ajfa-2027	171	15	property	property	NOUN
ajfa-2027	171	16	in	in	ADP
ajfa-2027	171	17	the	the	DET
ajfa-2027	171	18	stock	stock	NOUN
ajfa-2027	171	19	returns	return	NOUN
ajfa-2027	171	20	.	.	PUNCT
ajfa-2027	172	1	the	the	DET
ajfa-2027	172	2	absence	absence	NOUN
ajfa-2027	172	3	of	of	ADP
ajfa-2027	172	4	long	long	ADJ
ajfa-2027	172	5	memory	memory	NOUN
ajfa-2027	172	6	in	in	ADP
ajfa-2027	172	7	asset	asset	NOUN
ajfa-2027	172	8	returns	return	NOUN
ajfa-2027	172	9	supports	support	VERB
ajfa-2027	172	10	the	the	DET
ajfa-2027	172	11	weak	weak	ADJ
ajfa-2027	172	12	form	form	NOUN
ajfa-2027	172	13	market	market	NOUN
ajfa-2027	172	14	efficiency	efficiency	NOUN
ajfa-2027	172	15	hypothesis	hypothesis	NOUN
ajfa-2027	172	16	.	.	PUNCT
ajfa-2027	173	1	we	we	PRON
ajfa-2027	173	2	investigate	investigate	VERB
ajfa-2027	173	3	the	the	DET
ajfa-2027	173	4	long	long	ADJ
ajfa-2027	173	5	memory	memory	NOUN
ajfa-2027	173	6	property	property	NOUN
ajfa-2027	173	7	in	in	ADP
ajfa-2027	173	8	conditional	conditional	ADJ
ajfa-2027	173	9	variance	variance	NOUN
ajfa-2027	173	10	series	series	NOUN
ajfa-2027	173	11	of	of	ADP
ajfa-2027	173	12	indian	indian	ADJ
ajfa-2027	173	13	stock	stock	NOUN
ajfa-2027	173	14	markets	market	NOUN
ajfa-2027	173	15	.	.	PUNCT
ajfa-2027	174	1	the	the	DET
ajfa-2027	174	2	arma	arma	NOUN
ajfa-2027	174	3	-	-	PUNCT
ajfa-2027	174	4	garch(1,0,1	garch(1,0,1	NOUN
ajfa-2027	174	5	)	)	PUNCT
ajfa-2027	174	6	,	,	PUNCT
ajfa-2027	174	7	arma	arma	NOUN
ajfa-2027	174	8	-	-	PUNCT
ajfa-2027	174	9	igarch(1,1,1	igarch(1,1,1	NOUN
ajfa-2027	174	10	)	)	PUNCT
ajfa-2027	174	11	,	,	PUNCT
ajfa-2027	174	12	arma	arma	NOUN
ajfa-2027	174	13	-	-	PUNCT
ajfa-2027	174	14	figarch	figarch	NOUN
ajfa-2027	174	15	(	(	PUNCT
ajfa-2027	174	16	1,d,0	1,d,0	NUM
ajfa-2027	174	17	)	)	PUNCT
ajfa-2027	174	18	and	and	CCONJ
ajfa-2027	174	19	arma	arma	PROPN
ajfa-2027	174	20	-	-	PUNCT
ajfa-2027	174	21	figarch(1,d,1	figarch(1,d,1	NOUN
ajfa-2027	174	22	)	)	PUNCT
ajfa-2027	174	23	were	be	AUX
ajfa-2027	174	24	estimated	estimate	VERB
ajfa-2027	174	25	.	.	PUNCT
ajfa-2027	175	1	the	the	DET
ajfa-2027	175	2	estimation	estimation	NOUN
ajfa-2027	175	3	results	result	NOUN
ajfa-2027	175	4	indicate	indicate	VERB
ajfa-2027	175	5	that	that	SCONJ
ajfa-2027	175	6	arma	arma	NOUN
ajfa-2027	175	7	-	-	PUNCT
ajfa-2027	175	8	figarch	figarch	NOUN
ajfa-2027	175	9	(	(	PUNCT
ajfa-2027	175	10	1,d,1	1,d,1	NUM
ajfa-2027	175	11	)	)	PUNCT
ajfa-2027	175	12	model	model	NOUN
ajfa-2027	175	13	better	well	ADV
ajfa-2027	175	14	explains	explain	VERB
ajfa-2027	175	15	long	long	ADJ
ajfa-2027	175	16	memory	memory	NOUN
ajfa-2027	175	17	property	property	NOUN
ajfa-2027	175	18	in	in	ADP
ajfa-2027	175	19	conditional	conditional	ADJ
ajfa-2027	175	20	variance	variance	NOUN
ajfa-2027	175	21	of	of	ADP
ajfa-2027	175	22	return	return	NOUN
ajfa-2027	175	23	series	series	NOUN
ajfa-2027	175	24	.	.	PUNCT
ajfa-2027	176	1	the	the	DET
ajfa-2027	176	2	results	result	NOUN
ajfa-2027	176	3	suggest	suggest	VERB
ajfa-2027	176	4	that	that	SCONJ
ajfa-2027	176	5	there	there	PRON
ajfa-2027	176	6	is	be	VERB
ajfa-2027	176	7	a	a	DET
ajfa-2027	176	8	prevalence	prevalence	NOUN
ajfa-2027	176	9	of	of	ADP
ajfa-2027	176	10	long	long	ADJ
ajfa-2027	176	11	memory	memory	NOUN
ajfa-2027	176	12	property	property	NOUN
ajfa-2027	176	13	in	in	ADP
ajfa-2027	176	14	volatility	volatility	NOUN
ajfa-2027	176	15	of	of	ADP
ajfa-2027	176	16	indian	indian	ADJ
ajfa-2027	176	17	stock	stock	NOUN
ajfa-2027	176	18	markets	market	NOUN
ajfa-2027	176	19	.	.	PUNCT
ajfa-2027	177	1	therefore	therefore	ADV
ajfa-2027	177	2	,	,	PUNCT
ajfa-2027	177	3	long	long	ADJ
ajfa-2027	177	4	memory	memory	NOUN
ajfa-2027	177	5	models	model	NOUN
ajfa-2027	177	6	such	such	ADJ
ajfa-2027	177	7	as	as	ADP
ajfa-2027	177	8	figarch	figarch	NOUN
ajfa-2027	177	9	are	be	AUX
ajfa-2027	177	10	recommended	recommend	VERB
ajfa-2027	177	11	for	for	ADP
ajfa-2027	177	12	volatility	volatility	NOUN
ajfa-2027	177	13	forecasting	forecasting	NOUN
ajfa-2027	177	14	.	.	PUNCT
ajfa-2027	178	1	in	in	ADP
ajfa-2027	178	2	addition	addition	NOUN
ajfa-2027	178	3	,	,	PUNCT
ajfa-2027	178	4	the	the	DET
ajfa-2027	178	5	long	long	ADJ
ajfa-2027	178	6	memory	memory	NOUN
ajfa-2027	178	7	property	property	NOUN
ajfa-2027	178	8	of	of	ADP
ajfa-2027	178	9	the	the	DET
ajfa-2027	178	10	bse	bse	NOUN
ajfa-2027	178	11	market	market	NOUN
ajfa-2027	178	12	is	be	AUX
ajfa-2027	178	13	revealed	reveal	VERB
ajfa-2027	178	14	to	to	PART
ajfa-2027	178	15	be	be	AUX
ajfa-2027	178	16	much	much	ADV
ajfa-2027	178	17	stronger	strong	ADJ
ajfa-2027	178	18	than	than	ADP
ajfa-2027	178	19	nse	nse	NOUN
ajfa-2027	178	20	.	.	PUNCT
ajfa-2027	179	1	it	it	PRON
ajfa-2027	179	2	could	could	AUX
ajfa-2027	179	3	be	be	AUX
ajfa-2027	179	4	said	say	VERB
ajfa-2027	179	5	that	that	SCONJ
ajfa-2027	179	6	nse	nse	NOUN
ajfa-2027	179	7	might	might	AUX
ajfa-2027	179	8	be	be	AUX
ajfa-2027	179	9	having	have	VERB
ajfa-2027	179	10	better	well	ADJ
ajfa-2027	179	11	process	process	NOUN
ajfa-2027	179	12	of	of	ADP
ajfa-2027	179	13	market	market	NOUN
ajfa-2027	179	14	development	development	NOUN
ajfa-2027	179	15	and	and	CCONJ
ajfa-2027	179	16	greater	great	ADJ
ajfa-2027	179	17	participation	participation	NOUN
ajfa-2027	179	18	of	of	ADP
ajfa-2027	179	19	competing	compete	VERB
ajfa-2027	179	20	investors	investor	NOUN
ajfa-2027	179	21	than	than	ADP
ajfa-2027	179	22	bse	bse	PROPN
ajfa-2027	179	23	which	which	PRON
ajfa-2027	179	24	could	could	AUX
ajfa-2027	179	25	lead	lead	VERB
ajfa-2027	179	26	to	to	ADP
ajfa-2027	179	27	better	well	ADJ
ajfa-2027	179	28	informational	informational	ADJ
ajfa-2027	179	29	efficiency	efficiency	NOUN
ajfa-2027	179	30	in	in	ADP
ajfa-2027	179	31	volatility	volatility	NOUN
ajfa-2027	179	32	in	in	ADP
ajfa-2027	179	33	comparison	comparison	NOUN
ajfa-2027	179	34	to	to	ADP
ajfa-2027	179	35	bse	bse	PROPN
ajfa-2027	179	36	.	.	PUNCT
ajfa-2027	180	1	the	the	DET
ajfa-2027	180	2	evidence	evidence	NOUN
ajfa-2027	180	3	of	of	ADP
ajfa-2027	180	4	long	long	ADJ
ajfa-2027	180	5	memory	memory	NOUN
ajfa-2027	180	6	in	in	ADP
ajfa-2027	180	7	volatility	volatility	NOUN
ajfa-2027	180	8	,	,	PUNCT
ajfa-2027	180	9	however	however	ADV
ajfa-2027	180	10	,	,	PUNCT
ajfa-2027	180	11	shows	show	VERB
ajfa-2027	180	12	that	that	SCONJ
ajfa-2027	180	13	uncertainty	uncertainty	NOUN
ajfa-2027	180	14	or	or	CCONJ
ajfa-2027	180	15	risk	risk	NOUN
ajfa-2027	180	16	is	be	AUX
ajfa-2027	180	17	an	an	DET
ajfa-2027	180	18	important	important	ADJ
ajfa-2027	180	19	determinant	determinant	NOUN
ajfa-2027	180	20	of	of	ADP
ajfa-2027	180	21	the	the	DET
ajfa-2027	180	22	behaviour	behaviour	NOUN
ajfa-2027	180	23	of	of	ADP
ajfa-2027	180	24	daily	daily	ADJ
ajfa-2027	180	25	stock	stock	NOUN
ajfa-2027	180	26	data	datum	NOUN
ajfa-2027	180	27	in	in	ADP
ajfa-2027	180	28	the	the	DET
ajfa-2027	180	29	indian	indian	ADJ
ajfa-2027	180	30	stock	stock	NOUN
ajfa-2027	180	31	markets	market	NOUN
ajfa-2027	180	32	.	.	PUNCT
ajfa-2027	181	1	high	high	ADJ
ajfa-2027	181	2	frequency	frequency	NOUN
ajfa-2027	181	3	data	datum	NOUN
ajfa-2027	181	4	at	at	ADP
ajfa-2027	181	5	minute	minute	ADJ
ajfa-2027	181	6	frequency	frequency	NOUN
ajfa-2027	181	7	would	would	AUX
ajfa-2027	181	8	be	be	AUX
ajfa-2027	181	9	useful	useful	ADJ
ajfa-2027	181	10	in	in	ADP
ajfa-2027	181	11	understanding	understand	VERB
ajfa-2027	181	12	the	the	DET
ajfa-2027	181	13	dynamics	dynamic	NOUN
ajfa-2027	181	14	of	of	ADP
ajfa-2027	181	15	the	the	DET
ajfa-2027	181	16	markets	market	NOUN
ajfa-2027	181	17	.	.	PUNCT
ajfa-2027	182	1	diebold	diebold	VERB
ajfa-2027	182	2	and	and	CCONJ
ajfa-2027	182	3	inoue	inoue	PROPN
ajfa-2027	182	4	(	(	PUNCT
ajfa-2027	182	5	2001	2001	NUM
ajfa-2027	182	6	)	)	PUNCT
ajfa-2027	182	7	detected	detect	VERB
ajfa-2027	182	8	the	the	DET
ajfa-2027	182	9	linkage	linkage	NOUN
ajfa-2027	182	10	between	between	ADP
ajfa-2027	182	11	regime	regime	NOUN
ajfa-2027	182	12	switching	switching	NOUN
ajfa-2027	182	13	and	and	CCONJ
ajfa-2027	182	14	long	long	ADJ
ajfa-2027	182	15	memory	memory	NOUN
ajfa-2027	182	16	property	property	NOUN
ajfa-2027	182	17	.	.	PUNCT
ajfa-2027	183	1	therefore	therefore	ADV
ajfa-2027	183	2	,	,	PUNCT
ajfa-2027	183	3	non	non	PROPN
ajfa-2027	183	4	linear	linear	PROPN
ajfa-2027	183	5	models	model	NOUN
ajfa-2027	183	6	like	like	ADP
ajfa-2027	183	7	regime	regime	NOUN
ajfa-2027	183	8	switching	switch	VERB
ajfa-2027	183	9	might	might	AUX
ajfa-2027	183	10	provide	provide	VERB
ajfa-2027	183	11	valuable	valuable	ADJ
ajfa-2027	183	12	insight	insight	NOUN
ajfa-2027	183	13	over	over	ADP
ajfa-2027	183	14	the	the	DET
ajfa-2027	183	15	dynamics	dynamic	NOUN
ajfa-2027	183	16	of	of	ADP
ajfa-2027	183	17	stock	stock	NOUN
ajfa-2027	183	18	return	return	NOUN
ajfa-2027	183	19	,	,	PUNCT
ajfa-2027	183	20	which	which	PRON
ajfa-2027	183	21	could	could	AUX
ajfa-2027	183	22	be	be	AUX
ajfa-2027	183	23	an	an	DET
ajfa-2027	183	24	area	area	NOUN
ajfa-2027	183	25	for	for	ADP
ajfa-2027	183	26	future	future	ADJ
ajfa-2027	183	27	research	research	NOUN
ajfa-2027	183	28	.	.	PUNCT
ajfa-2027	184	1	references	reference	NOUN
ajfa-2027	184	2	andreano	andreano	VERB
ajfa-2027	184	3	,	,	PUNCT
ajfa-2027	184	4	m.	m.	NOUN
ajfa-2027	184	5	s.	s.	PROPN
ajfa-2027	184	6	(	(	PUNCT
ajfa-2027	184	7	2005	2005	NUM
ajfa-2027	184	8	)	)	PUNCT
ajfa-2027	184	9	.	.	PUNCT
ajfa-2027	185	1	common	common	ADJ
ajfa-2027	185	2	long	long	ADJ
ajfa-2027	185	3	memory	memory	NOUN
ajfa-2027	185	4	in	in	ADP
ajfa-2027	185	5	the	the	DET
ajfa-2027	185	6	italian	italian	ADJ
ajfa-2027	185	7	stock	stock	NOUN
ajfa-2027	185	8	market	market	NOUN
ajfa-2027	185	9	.	.	PUNCT
ajfa-2027	186	1	quaderni	quaderni	PROPN
ajfa-2027	186	2	de	de	PROPN
ajfa-2027	186	3	statistica	statistica	PROPN
ajfa-2027	186	4	,	,	PUNCT
ajfa-2027	186	5	7	7	NUM
ajfa-2027	186	6	,	,	PUNCT
ajfa-2027	186	7	107	107	NUM
ajfa-2027	186	8	-	-	SYM
ajfa-2027	186	9	119	119	NUM
ajfa-2027	186	10	.	.	PUNCT
ajfa-2027	187	1	baillie	baillie	PROPN
ajfa-2027	187	2	,	,	PUNCT
ajfa-2027	187	3	r.	r.	PROPN
ajfa-2027	187	4	t.	t.	PROPN
ajfa-2027	187	5	(	(	PUNCT
ajfa-2027	187	6	1996	1996	NUM
ajfa-2027	187	7	)	)	PUNCT
ajfa-2027	187	8	.	.	PUNCT
ajfa-2027	188	1	long	long	ADJ
ajfa-2027	188	2	memory	memory	NOUN
ajfa-2027	188	3	processes	process	NOUN
ajfa-2027	188	4	and	and	CCONJ
ajfa-2027	188	5	fractional	fractional	ADJ
ajfa-2027	188	6	integration	integration	NOUN
ajfa-2027	188	7	in	in	ADP
ajfa-2027	188	8	econometrics	econometrics	NOUN
ajfa-2027	188	9	.	.	PUNCT
ajfa-2027	189	1	journal	journal	PROPN
ajfa-2027	189	2	of	of	ADP
ajfa-2027	189	3	econometrics	econometric	NOUN
ajfa-2027	189	4	,	,	PUNCT
ajfa-2027	189	5	73	73	NUM
ajfa-2027	189	6	,	,	PUNCT
ajfa-2027	189	7	3	3	NUM
ajfa-2027	189	8	-	-	SYM
ajfa-2027	189	9	30	30	NUM
ajfa-2027	189	10	.	.	PUNCT
ajfa-2027	190	1	http://dx.doi.org/10.1016/0304-4076(95)01732-1	http://dx.doi.org/10.1016/0304-4076(95)01732-1	PROPN
ajfa-2027	190	2	baillie	baillie	PROPN
ajfa-2027	190	3	r.	r.	PROPN
ajfa-2027	190	4	t.	t.	PROPN
ajfa-2027	190	5	,	,	PUNCT
ajfa-2027	190	6	bollerslev	bollerslev	NOUN
ajfa-2027	190	7	,	,	PUNCT
ajfa-2027	190	8	&	&	CCONJ
ajfa-2027	190	9	mikkelsen	mikkelsen	PROPN
ajfa-2027	190	10	.	.	PUNCT
ajfa-2027	191	1	(	(	PUNCT
ajfa-2027	191	2	1996	1996	NUM
ajfa-2027	191	3	)	)	PUNCT
ajfa-2027	191	4	.	.	PUNCT
ajfa-2027	192	1	fractionally	fractionally	ADV
ajfa-2027	192	2	integrated	integrate	VERB
ajfa-2027	192	3	generalized	generalized	ADJ
ajfa-2027	192	4	autoregressive	autoregressive	ADJ
ajfa-2027	192	5	conditional	conditional	ADJ
ajfa-2027	192	6	heteroskedasticity	heteroskedasticity	NOUN
ajfa-2027	192	7	.	.	PUNCT
ajfa-2027	193	1	journal	journal	PROPN
ajfa-2027	193	2	of	of	ADP
ajfa-2027	193	3	econometrics	econometric	NOUN
ajfa-2027	193	4	,	,	PUNCT
ajfa-2027	193	5	74	74	NUM
ajfa-2027	193	6	,	,	PUNCT
ajfa-2027	193	7	3	3	NUM
ajfa-2027	193	8	-	-	SYM
ajfa-2027	193	9	30	30	NUM
ajfa-2027	193	10	.	.	PUNCT
ajfa-2027	194	1	http://dx.doi.org/10.1016/s0304-4076(95)01749-6	http://dx.doi.org/10.1016/s0304-4076(95)01749-6	ADJ
ajfa-2027	194	2	asian	asian	ADJ
ajfa-2027	194	3	journal	journal	NOUN
ajfa-2027	194	4	of	of	ADP
ajfa-2027	194	5	finance	finance	PROPN
ajfa-2027	194	6	&	&	CCONJ
ajfa-2027	194	7	accounting	accounting	PROPN
ajfa-2027	194	8	issn	issn	PROPN
ajfa-2027	194	9	1946	1946	NUM
ajfa-2027	194	10	-	-	PUNCT
ajfa-2027	194	11	052x	052x	NOUN
ajfa-2027	194	12	2012	2012	NUM
ajfa-2027	194	13	,	,	PUNCT
ajfa-2027	194	14	vol	vol	NOUN
ajfa-2027	194	15	.	.	PROPN
ajfa-2027	194	16	4	4	NUM
ajfa-2027	194	17	,	,	PUNCT
ajfa-2027	194	18	no	no	INTJ
ajfa-2027	194	19	.	.	NOUN
ajfa-2027	194	20	2	2	NUM
ajfa-2027	194	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2027	194	22	229	229	NUM
ajfa-2027	194	23	baillie	baillie	PROPN
ajfa-2027	194	24	,	,	PUNCT
ajfa-2027	194	25	han	han	PROPN
ajfa-2027	194	26	,	,	PUNCT
ajfa-2027	194	27	&	&	CCONJ
ajfa-2027	194	28	kwon	kwon	PROPN
ajfa-2027	194	29	.	.	PUNCT
ajfa-2027	195	1	(	(	PUNCT
ajfa-2027	195	2	2002	2002	NUM
ajfa-2027	195	3	)	)	PUNCT
ajfa-2027	195	4	.	.	PUNCT
ajfa-2027	196	1	further	further	PROPN
ajfa-2027	196	2	long	long	ADJ
ajfa-2027	196	3	memory	memory	NOUN
ajfa-2027	196	4	properties	property	NOUN
ajfa-2027	196	5	of	of	ADP
ajfa-2027	196	6	inflationary	inflationary	ADJ
ajfa-2027	196	7	shocks	shock	NOUN
ajfa-2027	196	8	.	.	PUNCT
ajfa-2027	197	1	southern	southern	ADJ
ajfa-2027	197	2	economy	economy	NOUN
ajfa-2027	197	3	journal	journal	NOUN
ajfa-2027	197	4	,	,	PUNCT
ajfa-2027	197	5	68	68	NUM
ajfa-2027	197	6	,	,	PUNCT
ajfa-2027	197	7	496	496	NUM
ajfa-2027	197	8	-	-	SYM
ajfa-2027	197	9	510	510	NUM
ajfa-2027	197	10	.	.	PUNCT
ajfa-2027	198	1	http://dx.doi.org/	http://dx.doi.org/	PROPN
ajfa-2027	198	2	10.2307/1061714	10.2307/1061714	NUM
ajfa-2027	198	3	beine	beine	NOUN
ajfa-2027	198	4	,	,	PUNCT
ajfa-2027	198	5	laurent	laurent	NOUN
ajfa-2027	198	6	,	,	PUNCT
ajfa-2027	198	7	&	&	CCONJ
ajfa-2027	198	8	lecourt	lecourt	PROPN
ajfa-2027	198	9	.	.	PUNCT
ajfa-2027	199	1	(	(	PUNCT
ajfa-2027	199	2	2002	2002	NUM
ajfa-2027	199	3	)	)	PUNCT
ajfa-2027	199	4	.	.	PUNCT
ajfa-2027	200	1	accounting	account	VERB
ajfa-2027	200	2	for	for	ADP
ajfa-2027	200	3	conditional	conditional	ADJ
ajfa-2027	200	4	leptokurtosis	leptokurtosis	NOUN
ajfa-2027	200	5	and	and	CCONJ
ajfa-2027	200	6	closing	closing	NOUN
ajfa-2027	200	7	days	day	NOUN
ajfa-2027	200	8	effects	effect	NOUN
ajfa-2027	200	9	in	in	ADP
ajfa-2027	200	10	figarch	figarch	NOUN
ajfa-2027	200	11	models	model	NOUN
ajfa-2027	200	12	of	of	ADP
ajfa-2027	200	13	daily	daily	ADJ
ajfa-2027	200	14	exchange	exchange	NOUN
ajfa-2027	200	15	rate	rate	NOUN
ajfa-2027	200	16	.	.	PUNCT
ajfa-2027	201	1	applied	apply	VERB
ajfa-2027	201	2	financial	financial	ADJ
ajfa-2027	201	3	economics	economic	NOUN
ajfa-2027	201	4	,	,	PUNCT
ajfa-2027	201	5	12	12	NUM
ajfa-2027	201	6	,	,	PUNCT
ajfa-2027	201	7	589	589	NUM
ajfa-2027	201	8	-	-	SYM
ajfa-2027	201	9	600	600	NUM
ajfa-2027	201	10	.	.	PUNCT
ajfa-2027	202	1	http://dx.doi.org/10.1080/09603100010014041	http://dx.doi.org/10.1080/09603100010014041	PROPN
ajfa-2027	202	2	belkhouja	belkhouja	PROPN
ajfa-2027	202	3	,	,	PUNCT
ajfa-2027	202	4	&	&	CCONJ
ajfa-2027	202	5	boutahary	boutahary	PROPN
ajfa-2027	202	6	.	.	PUNCT
ajfa-2027	203	1	(	(	PUNCT
ajfa-2027	203	2	2011	2011	NUM
ajfa-2027	203	3	)	)	PUNCT
ajfa-2027	203	4	.	.	PUNCT
ajfa-2027	204	1	modeling	model	VERB
ajfa-2027	204	2	volatility	volatility	NOUN
ajfa-2027	204	3	with	with	ADP
ajfa-2027	204	4	time	time	NOUN
ajfa-2027	204	5	-	-	PUNCT
ajfa-2027	204	6	varying	vary	VERB
ajfa-2027	204	7	figarch	figarch	NOUN
ajfa-2027	204	8	models	model	NOUN
ajfa-2027	204	9	.	.	PUNCT
ajfa-2027	205	1	economic	economic	ADJ
ajfa-2027	205	2	modeling	modeling	NOUN
ajfa-2027	205	3	,	,	PUNCT
ajfa-2027	205	4	28	28	NUM
ajfa-2027	205	5	,	,	PUNCT
ajfa-2027	205	6	1106	1106	NUM
ajfa-2027	205	7	-	-	SYM
ajfa-2027	205	8	1116	1116	NUM
ajfa-2027	205	9	.	.	PUNCT
ajfa-2027	206	1	http://dx.doi.org/10.1016/j.econmod.2010.11.017	http://dx.doi.org/10.1016/j.econmod.2010.11.017	PRON
ajfa-2027	206	2	bollerslev	bollerslev	ADJ
ajfa-2027	206	3	t.	t.	NOUN
ajfa-2027	206	4	(	(	PUNCT
ajfa-2027	206	5	1986	1986	NUM
ajfa-2027	206	6	)	)	PUNCT
ajfa-2027	206	7	.	.	PUNCT
ajfa-2027	207	1	generalized	generalize	VERB
ajfa-2027	207	2	autoregressive	autoregressive	ADJ
ajfa-2027	207	3	conditional	conditional	ADJ
ajfa-2027	207	4	heteroscedasticity	heteroscedasticity	NOUN
ajfa-2027	207	5	.	.	PUNCT
ajfa-2027	207	6	journal	journal	PROPN
ajfa-2027	207	7	of	of	ADP
ajfa-2027	207	8	econometrics	econometric	NOUN
ajfa-2027	207	9	,	,	PUNCT
ajfa-2027	207	10	31(3	31(3	NUM
ajfa-2027	207	11	)	)	PUNCT
ajfa-2027	207	12	,	,	PUNCT
ajfa-2027	207	13	307	307	NUM
ajfa-2027	207	14	-	-	SYM
ajfa-2027	207	15	327	327	NUM
ajfa-2027	207	16	.	.	PUNCT
ajfa-2027	208	1	http://dx.doi.org/10.1016/0304-4076(86)90063-1	http://dx.doi.org/10.1016/0304-4076(86)90063-1	PROPN
ajfa-2027	208	2	cheung	cheung	PROPN
ajfa-2027	208	3	,	,	PUNCT
ajfa-2027	208	4	y.	y.	PROPN
ajfa-2027	208	5	(	(	PUNCT
ajfa-2027	208	6	1993	1993	NUM
ajfa-2027	208	7	)	)	PUNCT
ajfa-2027	208	8	.	.	PUNCT
ajfa-2027	209	1	tests	test	NOUN
ajfa-2027	209	2	for	for	ADP
ajfa-2027	209	3	fractional	fractional	ADJ
ajfa-2027	209	4	integration	integration	NOUN
ajfa-2027	209	5	:	:	PUNCT
ajfa-2027	209	6	a	a	DET
ajfa-2027	209	7	monte	monte	PROPN
ajfa-2027	209	8	carlo	carlo	PROPN
ajfa-2027	209	9	investigation	investigation	PROPN
ajfa-2027	209	10	.	.	PUNCT
ajfa-2027	210	1	journal	journal	PROPN
ajfa-2027	210	2	of	of	ADP
ajfa-2027	210	3	time	time	NOUN
ajfa-2027	210	4	series	series	PROPN
ajfa-2027	210	5	analysis	analysis	NOUN
ajfa-2027	210	6	,	,	PUNCT
ajfa-2027	210	7	14	14	NUM
ajfa-2027	210	8	,	,	PUNCT
ajfa-2027	210	9	331	331	NUM
ajfa-2027	210	10	-	-	SYM
ajfa-2027	210	11	345	345	NUM
ajfa-2027	210	12	.	.	PUNCT
ajfa-2027	211	1	http://dx.doi.org/	http://dx.doi.org/	PROPN
ajfa-2027	211	2	10.1111	10.1111	NUM
ajfa-2027	211	3	/	/	SYM
ajfa-2027	211	4	j.1467	j.1467	ADP
ajfa-2027	211	5	-	-	PUNCT
ajfa-2027	211	6	9892.1993.tb00149.x	9892.1993.tb00149.x	NUM
ajfa-2027	211	7	comte	comte	NOUN
ajfa-2027	211	8	,	,	PUNCT
ajfa-2027	211	9	f.	f.	PROPN
ajfa-2027	211	10	,	,	PUNCT
ajfa-2027	211	11	&	&	CCONJ
ajfa-2027	211	12	renault	renault	PROPN
ajfa-2027	211	13	e.	e.	PROPN
ajfa-2027	211	14	(	(	PUNCT
ajfa-2027	211	15	1998	1998	NUM
ajfa-2027	211	16	)	)	PUNCT
ajfa-2027	211	17	.	.	PUNCT
ajfa-2027	212	1	long	long	ADJ
ajfa-2027	212	2	-	-	PUNCT
ajfa-2027	212	3	memory	memory	NOUN
ajfa-2027	212	4	in	in	ADP
ajfa-2027	212	5	continuous	continuous	ADJ
ajfa-2027	212	6	time	time	NOUN
ajfa-2027	212	7	stochastic	stochastic	ADJ
ajfa-2027	212	8	volatility	volatility	NOUN
ajfa-2027	212	9	models	model	NOUN
ajfa-2027	212	10	.	.	PUNCT
ajfa-2027	213	1	mathematical	mathematical	ADJ
ajfa-2027	213	2	finance	finance	NOUN
ajfa-2027	213	3	,	,	PUNCT
ajfa-2027	213	4	8	8	NUM
ajfa-2027	213	5	,	,	PUNCT
ajfa-2027	213	6	291	291	NUM
ajfa-2027	213	7	-	-	SYM
ajfa-2027	213	8	323	323	NUM
ajfa-2027	213	9	.	.	PUNCT
ajfa-2027	214	1	http://dx.doi.org/10.1111/1467-9965.00057	http://dx.doi.org/10.1111/1467-9965.00057	NOUN
ajfa-2027	214	2	crato	crato	NOUN
ajfa-2027	214	3	,	,	PUNCT
ajfa-2027	214	4	n.	n.	NOUN
ajfa-2027	214	5	,	,	PUNCT
ajfa-2027	214	6	and	and	CCONJ
ajfa-2027	214	7	lima	lima	PROPN
ajfa-2027	214	8	p.	p.	NOUN
ajfa-2027	214	9	(	(	PUNCT
ajfa-2027	214	10	1994	1994	NUM
ajfa-2027	214	11	)	)	PUNCT
ajfa-2027	214	12	.	.	PUNCT
ajfa-2027	215	1	long	long	ADJ
ajfa-2027	215	2	range	range	NOUN
ajfa-2027	215	3	dependence	dependence	NOUN
ajfa-2027	215	4	in	in	ADP
ajfa-2027	215	5	the	the	DET
ajfa-2027	215	6	conditional	conditional	ADJ
ajfa-2027	215	7	variance	variance	NOUN
ajfa-2027	215	8	of	of	ADP
ajfa-2027	215	9	stock	stock	NOUN
ajfa-2027	215	10	returns	return	NOUN
ajfa-2027	215	11	,	,	PUNCT
ajfa-2027	215	12	economics	economic	NOUN
ajfa-2027	215	13	letters	letter	NOUN
ajfa-2027	215	14	,	,	PUNCT
ajfa-2027	215	15	45	45	NUM
ajfa-2027	215	16	,	,	PUNCT
ajfa-2027	215	17	281	281	NUM
ajfa-2027	215	18	-	-	SYM
ajfa-2027	215	19	285	285	NUM
ajfa-2027	215	20	.	.	PUNCT
ajfa-2027	216	1	http://dx.doi.org/10.1016/0165-1765(94)90024-8	http://dx.doi.org/10.1016/0165-1765(94)90024-8	PROPN
ajfa-2027	216	2	dickey	dickey	PROPN
ajfa-2027	216	3	,	,	PUNCT
ajfa-2027	216	4	d.	d.	PROPN
ajfa-2027	216	5	,	,	PUNCT
ajfa-2027	216	6	&	&	CCONJ
ajfa-2027	216	7	fuller	full	ADJ
ajfa-2027	216	8	,	,	PUNCT
ajfa-2027	216	9	w.	w.	NOUN
ajfa-2027	216	10	(	(	PUNCT
ajfa-2027	216	11	1981	1981	NUM
ajfa-2027	216	12	)	)	PUNCT
ajfa-2027	216	13	.	.	PUNCT
ajfa-2027	217	1	likelyhood	likelyhood	PROPN
ajfa-2027	217	2	ratro	ratro	VERB
ajfa-2027	217	3	statistics	statistic	NOUN
ajfa-2027	217	4	for	for	ADP
ajfa-2027	217	5	for	for	ADP
ajfa-2027	217	6	autoregressive	autoregressive	ADJ
ajfa-2027	217	7	time	time	NOUN
ajfa-2027	217	8	series	series	NOUN
ajfa-2027	217	9	with	with	ADP
ajfa-2027	217	10	a	a	DET
ajfa-2027	217	11	unit	unit	NOUN
ajfa-2027	217	12	root	root	NOUN
ajfa-2027	217	13	.	.	PUNCT
ajfa-2027	218	1	econometrica	econometrica	PROPN
ajfa-2027	218	2	,	,	PUNCT
ajfa-2027	218	3	49	49	NUM
ajfa-2027	218	4	,	,	PUNCT
ajfa-2027	218	5	1057	1057	NUM
ajfa-2027	218	6	–	–	PUNCT
ajfa-2027	218	7	1072	1072	NUM
ajfa-2027	218	8	.	.	PUNCT
ajfa-2027	219	1	http://dx.doi.org/10.2307/1912517	http://dx.doi.org/10.2307/1912517	PROPN
ajfa-2027	219	2	dickey	dickey	PROPN
ajfa-2027	219	3	d.	d.	PROPN
ajfa-2027	219	4	,	,	PUNCT
ajfa-2027	219	5	&	&	CCONJ
ajfa-2027	219	6	fuller	full	ADJ
ajfa-2027	219	7	,	,	PUNCT
ajfa-2027	219	8	w.	w.	PROPN
ajfa-2027	219	9	(	(	PUNCT
ajfa-2027	219	10	1979	1979	NUM
ajfa-2027	219	11	)	)	PUNCT
ajfa-2027	219	12	.	.	PUNCT
ajfa-2027	220	1	distribution	distribution	NOUN
ajfa-2027	220	2	of	of	ADP
ajfa-2027	220	3	estimates	estimate	NOUN
ajfa-2027	220	4	for	for	ADP
ajfa-2027	220	5	autoregressive	autoregressive	ADJ
ajfa-2027	220	6	time	time	NOUN
ajfa-2027	220	7	series	series	NOUN
ajfa-2027	220	8	with	with	ADP
ajfa-2027	220	9	a	a	DET
ajfa-2027	220	10	unit	unit	NOUN
ajfa-2027	220	11	root	root	NOUN
ajfa-2027	220	12	.	.	PUNCT
ajfa-2027	221	1	journal	journal	PROPN
ajfa-2027	221	2	of	of	ADP
ajfa-2027	221	3	american	american	PROPN
ajfa-2027	221	4	statistical	statistical	ADJ
ajfa-2027	221	5	association	association	NOUN
ajfa-2027	221	6	,	,	PUNCT
ajfa-2027	221	7	74	74	NUM
ajfa-2027	221	8	,	,	PUNCT
ajfa-2027	221	9	427	427	NUM
ajfa-2027	221	10	-	-	SYM
ajfa-2027	221	11	431	431	NUM
ajfa-2027	221	12	.	.	PUNCT
ajfa-2027	222	1	http://dx.doi.org/10.2307/2286348	http://dx.doi.org/10.2307/2286348	NOUN
ajfa-2027	222	2	ding	ding	PROPN
ajfa-2027	222	3	,	,	PUNCT
ajfa-2027	222	4	z.	z.	PROPN
ajfa-2027	222	5	,	,	PUNCT
ajfa-2027	222	6	&	&	CCONJ
ajfa-2027	222	7	granger	granger	PROPN
ajfa-2027	222	8	,	,	PUNCT
ajfa-2027	222	9	c.	c.	PROPN
ajfa-2027	222	10	(	(	PUNCT
ajfa-2027	222	11	1996	1996	NUM
ajfa-2027	222	12	)	)	PUNCT
ajfa-2027	222	13	.	.	PUNCT
ajfa-2027	223	1	modelling	model	VERB
ajfa-2027	223	2	volatility	volatility	NOUN
ajfa-2027	223	3	persistence	persistence	NOUN
ajfa-2027	223	4	of	of	ADP
ajfa-2027	223	5	speculative	speculative	ADJ
ajfa-2027	223	6	returns	return	NOUN
ajfa-2027	223	7	:	:	PUNCT
ajfa-2027	223	8	a	a	DET
ajfa-2027	223	9	new	new	ADJ
ajfa-2027	223	10	approach	approach	NOUN
ajfa-2027	223	11	.	.	PUNCT
ajfa-2027	224	1	journal	journal	NOUN
ajfa-2027	224	2	of	of	ADP
ajfa-2027	224	3	econometrics	econometric	NOUN
ajfa-2027	224	4	,	,	PUNCT
ajfa-2027	224	5	73	73	NUM
ajfa-2027	224	6	,	,	PUNCT
ajfa-2027	224	7	185	185	NUM
ajfa-2027	224	8	-	-	SYM
ajfa-2027	224	9	212	212	NUM
ajfa-2027	224	10	.	.	PUNCT
ajfa-2027	225	1	http://dx.doi.org/10.1016/0304-4076(95)01737-2	http://dx.doi.org/10.1016/0304-4076(95)01737-2	PROPN
ajfa-2027	225	2	engle	engle	PROPN
ajfa-2027	225	3	r.	r.	PROPN
ajfa-2027	225	4	f.	f.	PROPN
ajfa-2027	225	5	(	(	PUNCT
ajfa-2027	225	6	1982	1982	NUM
ajfa-2027	225	7	)	)	PUNCT
ajfa-2027	225	8	.	.	PUNCT
ajfa-2027	226	1	autoregressive	autoregressive	ADJ
ajfa-2027	226	2	conditional	conditional	ADJ
ajfa-2027	226	3	heteroscedasticity	heteroscedasticity	NOUN
ajfa-2027	226	4	with	with	ADP
ajfa-2027	226	5	estimates	estimate	NOUN
ajfa-2027	226	6	of	of	ADP
ajfa-2027	226	7	the	the	DET
ajfa-2027	226	8	variance	variance	NOUN
ajfa-2027	226	9	of	of	ADP
ajfa-2027	226	10	united	united	PROPN
ajfa-2027	226	11	kingdom	kingdom	PROPN
ajfa-2027	226	12	inflation	inflation	NOUN
ajfa-2027	226	13	.	.	PUNCT
ajfa-2027	227	1	econometrica	econometrica	PROPN
ajfa-2027	227	2	,	,	PUNCT
ajfa-2027	227	3	50(4	50(4	NUM
ajfa-2027	227	4	)	)	PUNCT
ajfa-2027	227	5	,	,	PUNCT
ajfa-2027	227	6	987	987	NUM
ajfa-2027	227	7	-	-	SYM
ajfa-2027	227	8	1007	1007	NUM
ajfa-2027	227	9	.	.	PUNCT
ajfa-2027	228	1	http://dx.doi.org/10.2307/1912773	http://dx.doi.org/10.2307/1912773	PROPN
ajfa-2027	228	2	granger	granger	PROPN
ajfa-2027	228	3	,	,	PUNCT
ajfa-2027	228	4	&	&	CCONJ
ajfa-2027	228	5	joyeux	joyeux	PROPN
ajfa-2027	228	6	.	.	PUNCT
ajfa-2027	229	1	(	(	PUNCT
ajfa-2027	229	2	1980	1980	NUM
ajfa-2027	229	3	)	)	PUNCT
ajfa-2027	229	4	.	.	PUNCT
ajfa-2027	230	1	an	an	DET
ajfa-2027	230	2	introduction	introduction	NOUN
ajfa-2027	230	3	to	to	ADP
ajfa-2027	230	4	long	long	ADJ
ajfa-2027	230	5	memory	memory	NOUN
ajfa-2027	230	6	time	time	NOUN
ajfa-2027	230	7	series	series	NOUN
ajfa-2027	230	8	models	model	NOUN
ajfa-2027	230	9	and	and	CCONJ
ajfa-2027	230	10	fractional	fractional	ADJ
ajfa-2027	230	11	differencing	differencing	NOUN
ajfa-2027	230	12	.	.	PUNCT
ajfa-2027	231	1	journal	journal	PROPN
ajfa-2027	231	2	of	of	ADP
ajfa-2027	231	3	time	time	NOUN
ajfa-2027	231	4	series	series	PROPN
ajfa-2027	231	5	analysis	analysis	NOUN
ajfa-2027	231	6	,	,	PUNCT
ajfa-2027	231	7	1	1	NUM
ajfa-2027	231	8	,	,	PUNCT
ajfa-2027	231	9	15	15	NUM
ajfa-2027	231	10	-	-	SYM
ajfa-2027	231	11	30	30	NUM
ajfa-2027	231	12	.	.	PUNCT
ajfa-2027	232	1	http://dx.doi.org/10.1111/j.1467-9892.1980.tb00297.x	http://dx.doi.org/10.1111/j.1467-9892.1980.tb00297.x	PUNCT
ajfa-2027	233	1	hosking	hosking	PROPN
ajfa-2027	233	2	.	.	PUNCT
ajfa-2027	234	1	(	(	PUNCT
ajfa-2027	234	2	1981	1981	NUM
ajfa-2027	234	3	)	)	PUNCT
ajfa-2027	234	4	.	.	PUNCT
ajfa-2027	235	1	fractional	fractional	ADJ
ajfa-2027	235	2	differencing	differencing	NOUN
ajfa-2027	235	3	,	,	PUNCT
ajfa-2027	235	4	biometrika	biometrika	NOUN
ajfa-2027	235	5	,	,	PUNCT
ajfa-2027	235	6	68(1	68(1	NOUN
ajfa-2027	235	7	)	)	PUNCT
ajfa-2027	235	8	,	,	PUNCT
ajfa-2027	235	9	165	165	NUM
ajfa-2027	235	10	-	-	SYM
ajfa-2027	235	11	176	176	NUM
ajfa-2027	235	12	.	.	PUNCT
ajfa-2027	236	1	http://dx.doi.org/10.1093/biomet/68.1.165	http://dx.doi.org/10.1093/biomet/68.1.165	PROPN
ajfa-2027	236	2	jacobsen	jacobsen	PROPN
ajfa-2027	236	3	.	.	PUNCT
ajfa-2027	236	4	(	(	PUNCT
ajfa-2027	236	5	1996	1996	NUM
ajfa-2027	236	6	)	)	PUNCT
ajfa-2027	236	7	.	.	PUNCT
ajfa-2027	237	1	long	long	ADJ
ajfa-2027	237	2	-	-	PUNCT
ajfa-2027	237	3	term	term	NOUN
ajfa-2027	237	4	dependence	dependence	NOUN
ajfa-2027	237	5	in	in	ADP
ajfa-2027	237	6	stock	stock	NOUN
ajfa-2027	237	7	returns	return	NOUN
ajfa-2027	237	8	.	.	PUNCT
ajfa-2027	238	1	journal	journal	NOUN
ajfa-2027	238	2	of	of	ADP
ajfa-2027	238	3	empirical	empirical	ADJ
ajfa-2027	238	4	finance	finance	NOUN
ajfa-2027	238	5	,	,	PUNCT
ajfa-2027	238	6	3(4	3(4	NUM
ajfa-2027	238	7	)	)	PUNCT
ajfa-2027	238	8	,	,	PUNCT
ajfa-2027	238	9	393	393	NUM
ajfa-2027	238	10	-	-	SYM
ajfa-2027	238	11	417	417	NUM
ajfa-2027	238	12	.	.	PUNCT
ajfa-2027	239	1	http://dx.doi.org/10.1016/s0927-5398(96)00009-6	http://dx.doi.org/10.1016/s0927-5398(96)00009-6	ADJ
ajfa-2027	239	2	asian	asian	ADJ
ajfa-2027	239	3	journal	journal	NOUN
ajfa-2027	239	4	of	of	ADP
ajfa-2027	239	5	finance	finance	PROPN
ajfa-2027	239	6	&	&	CCONJ
ajfa-2027	239	7	accounting	accounting	PROPN
ajfa-2027	239	8	issn	issn	PROPN
ajfa-2027	239	9	1946	1946	NUM
ajfa-2027	239	10	-	-	PUNCT
ajfa-2027	239	11	052x	052x	NOUN
ajfa-2027	239	12	2012	2012	NUM
ajfa-2027	239	13	,	,	PUNCT
ajfa-2027	239	14	vol	vol	NOUN
ajfa-2027	239	15	.	.	PROPN
ajfa-2027	239	16	4	4	NUM
ajfa-2027	239	17	,	,	PUNCT
ajfa-2027	239	18	no	no	INTJ
ajfa-2027	239	19	.	.	NOUN
ajfa-2027	239	20	2	2	NUM
ajfa-2027	239	21	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2027	239	22	230	230	NUM
ajfa-2027	239	23	jeffery	jeffery	PROPN
ajfa-2027	239	24	,	,	PUNCT
ajfa-2027	239	25	k.	k.	PROPN
ajfa-2027	239	26	,	,	PUNCT
ajfa-2027	239	27	&	&	CCONJ
ajfa-2027	239	28	thupayagale	thupayagale	PROPN
ajfa-2027	239	29	,	,	PUNCT
ajfa-2027	239	30	p.	p.	NOUN
ajfa-2027	239	31	(	(	PUNCT
ajfa-2027	239	32	2008	2008	NUM
ajfa-2027	239	33	)	)	PUNCT
ajfa-2027	239	34	.	.	PUNCT
ajfa-2027	240	1	long	long	ADJ
ajfa-2027	240	2	memory	memory	NOUN
ajfa-2027	240	3	in	in	ADP
ajfa-2027	240	4	southern	southern	ADJ
ajfa-2027	240	5	aftrican	aftrican	ADJ
ajfa-2027	240	6	stock	stock	NOUN
ajfa-2027	240	7	markets	market	NOUN
ajfa-2027	240	8	.	.	PUNCT
ajfa-2027	241	1	south	south	ADJ
ajfa-2027	241	2	african	african	ADJ
ajfa-2027	241	3	journal	journal	PROPN
ajfa-2027	241	4	of	of	ADP
ajfa-2027	241	5	economics	economic	NOUN
ajfa-2027	241	6	,	,	PUNCT
ajfa-2027	241	7	75(3	75(3	NUM
ajfa-2027	241	8	)	)	PUNCT
ajfa-2027	241	9	,	,	PUNCT
ajfa-2027	241	10	384	384	NUM
ajfa-2027	241	11	-	-	SYM
ajfa-2027	241	12	398	398	NUM
ajfa-2027	241	13	.	.	PUNCT
ajfa-2027	242	1	http://dx.doi.org/10.1111/j.1813-6982.2008.00200.x	http://dx.doi.org/10.1111/j.1813-6982.2008.00200.x	PROPN
ajfa-2027	242	2	kang	kang	PROPN
ajfa-2027	242	3	,	,	PUNCT
ajfa-2027	242	4	&	&	CCONJ
ajfa-2027	242	5	yoon	yoon	PROPN
ajfa-2027	242	6	.	.	PUNCT
ajfa-2027	243	1	(	(	PUNCT
ajfa-2027	243	2	2007	2007	NUM
ajfa-2027	243	3	)	)	PUNCT
ajfa-2027	243	4	.	.	PUNCT
ajfa-2027	244	1	long	long	ADJ
ajfa-2027	244	2	memory	memory	NOUN
ajfa-2027	244	3	properties	property	NOUN
ajfa-2027	244	4	in	in	ADP
ajfa-2027	244	5	return	return	NOUN
ajfa-2027	244	6	and	and	CCONJ
ajfa-2027	244	7	volatility	volatility	NOUN
ajfa-2027	244	8	:	:	PUNCT
ajfa-2027	244	9	evidence	evidence	NOUN
ajfa-2027	244	10	from	from	ADP
ajfa-2027	244	11	the	the	DET
ajfa-2027	244	12	korean	korean	ADJ
ajfa-2027	244	13	stock	stock	NOUN
ajfa-2027	244	14	market	market	NOUN
ajfa-2027	244	15	.	.	PUNCT
ajfa-2027	245	1	physica	physica	PROPN
ajfa-2027	245	2	a	a	PRON
ajfa-2027	245	3	,	,	PUNCT
ajfa-2027	245	4	385	385	NUM
ajfa-2027	245	5	,	,	PUNCT
ajfa-2027	245	6	591	591	NUM
ajfa-2027	245	7	-	-	SYM
ajfa-2027	245	8	600	600	NUM
ajfa-2027	245	9	.	.	PUNCT
ajfa-2027	246	1	http://dx.doi.org/10.1016/j.physa.2007.07.051	http://dx.doi.org/10.1016/j.physa.2007.07.051	PROPN
ajfa-2027	246	2	kasman	kasman	PROPN
ajfa-2027	246	3	a	a	PROPN
ajfa-2027	246	4	,	,	PUNCT
ajfa-2027	246	5	kasman	kasman	PROPN
ajfa-2027	246	6	s.	s.	PROPN
ajfa-2027	246	7	,	,	PUNCT
ajfa-2027	246	8	&	&	CCONJ
ajfa-2027	246	9	torun	torun	PROPN
ajfa-2027	246	10	e.	e.	PROPN
ajfa-2027	246	11	(	(	PUNCT
ajfa-2027	246	12	2009	2009	NUM
ajfa-2027	246	13	)	)	PUNCT
ajfa-2027	246	14	.	.	PUNCT
ajfa-2027	247	1	dual	dual	ADJ
ajfa-2027	247	2	long	long	ADJ
ajfa-2027	247	3	memory	memory	NOUN
ajfa-2027	247	4	property	property	NOUN
ajfa-2027	247	5	in	in	ADP
ajfa-2027	247	6	returns	return	NOUN
ajfa-2027	247	7	and	and	CCONJ
ajfa-2027	247	8	volatility	volatility	NOUN
ajfa-2027	247	9	:	:	PUNCT
ajfa-2027	247	10	evidence	evidence	NOUN
ajfa-2027	247	11	from	from	ADP
ajfa-2027	247	12	the	the	DET
ajfa-2027	247	13	cee	cee	NOUN
ajfa-2027	247	14	countries	country	NOUN
ajfa-2027	247	15	’	'	PUNCT
ajfa-2027	247	16	stock	stock	NOUN
ajfa-2027	247	17	markets	market	NOUN
ajfa-2027	247	18	.	.	PUNCT
ajfa-2027	248	1	emerging	emerge	VERB
ajfa-2027	248	2	market	market	NOUN
ajfa-2027	248	3	review	review	NOUN
ajfa-2027	248	4	,	,	PUNCT
ajfa-2027	248	5	10	10	NUM
ajfa-2027	248	6	,	,	PUNCT
ajfa-2027	248	7	122	122	NUM
ajfa-2027	248	8	-	-	SYM
ajfa-2027	248	9	139	139	NUM
ajfa-2027	248	10	.	.	PUNCT
ajfa-2027	249	1	http://dx.doi.org/10.1016/j.ememar.2009.02.002	http://dx.doi.org/10.1016/j.ememar.2009.02.002	PROPN
ajfa-2027	249	2	korkmaz	korkmaz	NOUN
ajfa-2027	249	3	,	,	PUNCT
ajfa-2027	249	4	t.	t.	PROPN
ajfa-2027	249	5	,	,	PUNCT
ajfa-2027	249	6	cevik	cevik	PROPN
ajfa-2027	249	7	,	,	PUNCT
ajfa-2027	249	8	e.	e.	PROPN
ajfa-2027	249	9	,	,	PUNCT
ajfa-2027	249	10	&	&	CCONJ
ajfa-2027	249	11	ozatae	ozatae	PROPN
ajfa-2027	249	12	,	,	PUNCT
ajfa-2027	249	13	n.	n.	NOUN
ajfa-2027	249	14	(	(	PUNCT
ajfa-2027	249	15	2009	2009	NUM
ajfa-2027	249	16	)	)	PUNCT
ajfa-2027	249	17	.	.	PUNCT
ajfa-2027	250	1	testing	test	VERB
ajfa-2027	250	2	for	for	ADP
ajfa-2027	250	3	long	long	ADJ
ajfa-2027	250	4	memory	memory	NOUN
ajfa-2027	250	5	in	in	ADP
ajfa-2027	250	6	ise	ise	NOUN
ajfa-2027	250	7	using	use	VERB
ajfa-2027	250	8	arfima	arfima	NOUN
ajfa-2027	250	9	-	-	PUNCT
ajfa-2027	250	10	figarch	figarch	NOUN
ajfa-2027	250	11	model	model	NOUN
ajfa-2027	250	12	and	and	CCONJ
ajfa-2027	250	13	structural	structural	ADJ
ajfa-2027	250	14	break	break	NOUN
ajfa-2027	250	15	test	test	NOUN
ajfa-2027	250	16	.	.	PUNCT
ajfa-2027	251	1	international	international	ADJ
ajfa-2027	251	2	research	research	PROPN
ajfa-2027	251	3	journal	journal	NOUN
ajfa-2027	251	4	of	of	ADP
ajfa-2027	251	5	finance	finance	NOUN
ajfa-2027	251	6	and	and	CCONJ
ajfa-2027	251	7	economics	economic	NOUN
ajfa-2027	251	8	,	,	PUNCT
ajfa-2027	251	9	26	26	NUM
ajfa-2027	251	10	,	,	PUNCT
ajfa-2027	251	11	186	186	NUM
ajfa-2027	251	12	-	-	SYM
ajfa-2027	251	13	191	191	NUM
ajfa-2027	251	14	.	.	PUNCT
ajfa-2027	252	1	kumar	kumar	PROPN
ajfa-2027	252	2	,	,	PUNCT
ajfa-2027	252	3	a.	a.	PROPN
ajfa-2027	252	4	(	(	PUNCT
ajfa-2027	252	5	2004	2004	NUM
ajfa-2027	252	6	)	)	PUNCT
ajfa-2027	252	7	.	.	PUNCT
ajfa-2027	253	1	long	long	ADJ
ajfa-2027	253	2	memory	memory	NOUN
ajfa-2027	253	3	in	in	ADP
ajfa-2027	253	4	stock	stock	NOUN
ajfa-2027	253	5	trading	trading	NOUN
ajfa-2027	253	6	volume	volume	NOUN
ajfa-2027	253	7	:	:	PUNCT
ajfa-2027	253	8	evidence	evidence	NOUN
ajfa-2027	253	9	from	from	ADP
ajfa-2027	253	10	indian	indian	ADJ
ajfa-2027	253	11	stock	stock	NOUN
ajfa-2027	253	12	market	market	NOUN
ajfa-2027	253	13	,	,	PUNCT
ajfa-2027	253	14	retrieved	retrieve	VERB
ajfa-2027	253	15	from	from	ADP
ajfa-2027	253	16	http://ssrn.com/abstract=557681	http://ssrn.com/abstract=557681	PROPN
ajfa-2027	253	17	.	.	PUNCT
ajfa-2027	254	1	http://dx.doi.org/10.2139/ssrn.557681	http://dx.doi.org/10.2139/ssrn.557681	PROPN
ajfa-2027	254	2	kwaiatkowski	kwaiatkowski	PROPN
ajfa-2027	254	3	.	.	PUNCT
ajfa-2027	255	1	d.	d.	PROPN
ajfa-2027	255	2	,	,	PUNCT
ajfa-2027	255	3	phillips	phillips	PROPN
ajfa-2027	255	4	p.c.b	p.c.b	PROPN
ajfa-2027	255	5	.	.	PUNCT
ajfa-2027	255	6	,	,	PUNCT
ajfa-2027	255	7	schmidt	schmidt	PROPN
ajfa-2027	255	8	p.	p.	PROPN
ajfa-2027	255	9	,	,	PUNCT
ajfa-2027	255	10	&	&	CCONJ
ajfa-2027	255	11	shin	shin	PROPN
ajfa-2027	255	12	y.	y.	PROPN
ajfa-2027	255	13	(	(	PUNCT
ajfa-2027	255	14	1992	1992	NUM
ajfa-2027	255	15	)	)	PUNCT
ajfa-2027	255	16	.	.	PUNCT
ajfa-2027	256	1	testing	test	VERB
ajfa-2027	256	2	the	the	DET
ajfa-2027	256	3	null	null	ADJ
ajfa-2027	256	4	hypothesis	hypothesis	NOUN
ajfa-2027	256	5	of	of	ADP
ajfa-2027	256	6	stationarity	stationarity	NOUN
ajfa-2027	256	7	against	against	ADP
ajfa-2027	256	8	the	the	DET
ajfa-2027	256	9	alternative	alternative	NOUN
ajfa-2027	256	10	of	of	ADP
ajfa-2027	256	11	a	a	DET
ajfa-2027	256	12	unit	unit	NOUN
ajfa-2027	256	13	root	root	NOUN
ajfa-2027	256	14	:	:	PUNCT
ajfa-2027	256	15	how	how	SCONJ
ajfa-2027	256	16	sure	sure	ADV
ajfa-2027	256	17	are	be	AUX
ajfa-2027	256	18	we	we	PRON
ajfa-2027	256	19	that	that	SCONJ
ajfa-2027	256	20	economic	economic	ADJ
ajfa-2027	256	21	time	time	NOUN
ajfa-2027	256	22	series	series	PROPN
ajfa-2027	256	23	have	have	VERB
ajfa-2027	256	24	a	a	DET
ajfa-2027	256	25	unit	unit	NOUN
ajfa-2027	256	26	root	root	NOUN
ajfa-2027	256	27	?	?	PUNCT
ajfa-2027	257	1	journal	journal	NOUN
ajfa-2027	257	2	of	of	ADP
ajfa-2027	257	3	econometrics	econometric	NOUN
ajfa-2027	257	4	,	,	PUNCT
ajfa-2027	257	5	54	54	NUM
ajfa-2027	257	6	,	,	PUNCT
ajfa-2027	257	7	159	159	NUM
ajfa-2027	257	8	-	-	SYM
ajfa-2027	257	9	178	178	NUM
ajfa-2027	257	10	.	.	PUNCT
ajfa-2027	258	1	http://dx.doi.org/10.1016/0304-4076(92)90104-y	http://dx.doi.org/10.1016/0304-4076(92)90104-y	PROPN
ajfa-2027	258	2	,	,	PUNCT
ajfa-2027	258	3	lo	lo	PROPN
ajfa-2027	258	4	(	(	PUNCT
ajfa-2027	258	5	1991	1991	NUM
ajfa-2027	258	6	)	)	PUNCT
ajfa-2027	258	7	.	.	PUNCT
ajfa-2027	259	1	long	long	ADJ
ajfa-2027	259	2	-	-	PUNCT
ajfa-2027	259	3	term	term	NOUN
ajfa-2027	259	4	memory	memory	NOUN
ajfa-2027	259	5	in	in	ADP
ajfa-2027	259	6	stock	stock	NOUN
ajfa-2027	259	7	market	market	NOUN
ajfa-2027	259	8	prices	price	NOUN
ajfa-2027	259	9	.	.	PUNCT
ajfa-2027	260	1	econometrica	econometrica	PROPN
ajfa-2027	260	2	,	,	PUNCT
ajfa-2027	260	3	59	59	NUM
ajfa-2027	260	4	,	,	PUNCT
ajfa-2027	260	5	1279	1279	NUM
ajfa-2027	260	6	-	-	SYM
ajfa-2027	260	7	1313	1313	NUM
ajfa-2027	260	8	.	.	PUNCT
ajfa-2027	261	1	lobato	lobato	PROPN
ajfa-2027	261	2	i.n	i.n	PROPN
ajfa-2027	261	3	.	.	PROPN
ajfa-2027	261	4	,	,	PUNCT
ajfa-2027	261	5	&	&	CCONJ
ajfa-2027	261	6	n.e	n.e	PROPN
ajfa-2027	261	7	.	.	PUNCT
ajfa-2027	261	8	savin	savin	PROPN
ajfa-2027	261	9	.	.	PUNCT
ajfa-2027	262	1	(	(	PUNCT
ajfa-2027	262	2	1998	1998	NUM
ajfa-2027	262	3	)	)	PUNCT
ajfa-2027	262	4	.	.	PUNCT
ajfa-2027	263	1	real	real	ADJ
ajfa-2027	263	2	and	and	CCONJ
ajfa-2027	263	3	spurious	spurious	ADJ
ajfa-2027	263	4	long	long	ADJ
ajfa-2027	263	5	memory	memory	NOUN
ajfa-2027	263	6	properties	property	NOUN
ajfa-2027	263	7	of	of	ADP
ajfa-2027	263	8	stock	stock	NOUN
ajfa-2027	263	9	market	market	NOUN
ajfa-2027	263	10	data	datum	NOUN
ajfa-2027	263	11	,	,	PUNCT
ajfa-2027	263	12	working	working	NOUN
ajfa-2027	263	13	paper	paper	NOUN
ajfa-2027	263	14	.	.	PUNCT
ajfa-2027	264	1	journal	journal	PROPN
ajfa-2027	264	2	of	of	ADP
ajfa-2027	264	3	business	business	NOUN
ajfa-2027	264	4	and	and	CCONJ
ajfa-2027	264	5	economic	economic	ADJ
ajfa-2027	264	6	statistics	statistic	NOUN
ajfa-2027	264	7	,	,	PUNCT
ajfa-2027	264	8	16(3	16(3	NOUN
ajfa-2027	264	9	)	)	PUNCT
ajfa-2027	264	10	,	,	PUNCT
ajfa-2027	264	11	261	261	NUM
ajfa-2027	264	12	-	-	SYM
ajfa-2027	264	13	268	268	NUM
ajfa-2027	264	14	.	.	PUNCT
ajfa-2027	265	1	http://dx.doi.org/10.1080/07350015.1998.1052476	http://dx.doi.org/10.1080/07350015.1998.1052476	ADV
ajfa-2027	265	2	mendes	mende	NOUN
ajfa-2027	265	3	,	,	PUNCT
ajfa-2027	265	4	v.	v.	ADV
ajfa-2027	265	5	,	,	PUNCT
ajfa-2027	265	6	&	&	CCONJ
ajfa-2027	265	7	kolev	kolev	NOUN
ajfa-2027	265	8	,	,	PUNCT
ajfa-2027	265	9	n.	n.	NOUN
ajfa-2027	265	10	(	(	PUNCT
ajfa-2027	265	11	2006	2006	NUM
ajfa-2027	265	12	)	)	PUNCT
ajfa-2027	265	13	.	.	PUNCT
ajfa-2027	266	1	how	how	SCONJ
ajfa-2027	266	2	long	long	ADJ
ajfa-2027	266	3	memory	memory	NOUN
ajfa-2027	266	4	in	in	ADP
ajfa-2027	266	5	volatility	volatility	NOUN
ajfa-2027	266	6	affects	affect	VERB
ajfa-2027	266	7	true	true	ADJ
ajfa-2027	266	8	dependence	dependence	NOUN
ajfa-2027	266	9	structure	structure	NOUN
ajfa-2027	266	10	,	,	PUNCT
ajfa-2027	266	11	retrievedfromhttp://bibliotecadigital.fgv.br	retrievedfromhttp://bibliotecadigital.fgv.br	NOUN
ajfa-2027	266	12	/	/	SYM
ajfa-2027	266	13	ocs	oc	NOUN
ajfa-2027	266	14	/	/	SYM
ajfa-2027	266	15	index.php	index.php	VERB
ajfa-2027	266	16	/	/	SYM
ajfa-2027	266	17	edbf/5ebf	edbf/5ebf	NOUN
ajfa-2027	266	18	/	/	SYM
ajfa-2027	266	19	paper	paper	NOUN
ajfa-2027	266	20	/	/	SYM
ajfa-2027	266	21	viewfile	viewfile	PROPN
ajfa-2027	266	22	/1462/581	/1462/581	PROPN
ajfa-2027	266	23	.	.	PUNCT
ajfa-2027	267	1	madelbrot	madelbrot	PROPN
ajfa-2027	267	2	,	,	PUNCT
ajfa-2027	267	3	b.	b.	PROPN
ajfa-2027	267	4	(	(	PUNCT
ajfa-2027	267	5	1971	1971	NUM
ajfa-2027	267	6	)	)	PUNCT
ajfa-2027	267	7	.	.	PUNCT
ajfa-2027	268	1	when	when	SCONJ
ajfa-2027	268	2	can	can	AUX
ajfa-2027	268	3	price	price	VERB
ajfa-2027	268	4	be	be	AUX
ajfa-2027	268	5	arbitraged	arbitrage	VERB
ajfa-2027	268	6	efficiently	efficiently	ADV
ajfa-2027	268	7	?	?	PUNCT
ajfa-2027	269	1	a	a	DET
ajfa-2027	269	2	limit	limit	NOUN
ajfa-2027	269	3	to	to	ADP
ajfa-2027	269	4	the	the	DET
ajfa-2027	269	5	validity	validity	NOUN
ajfa-2027	269	6	of	of	ADP
ajfa-2027	269	7	the	the	DET
ajfa-2027	269	8	random	random	ADJ
ajfa-2027	269	9	walk	walk	NOUN
ajfa-2027	269	10	and	and	CCONJ
ajfa-2027	269	11	martingale	martingale	NOUN
ajfa-2027	269	12	models	model	NOUN
ajfa-2027	269	13	.	.	PUNCT
ajfa-2027	270	1	review	review	NOUN
ajfa-2027	270	2	of	of	ADP
ajfa-2027	270	3	economics	economic	NOUN
ajfa-2027	270	4	and	and	CCONJ
ajfa-2027	270	5	statistics	statistic	NOUN
ajfa-2027	270	6	,	,	PUNCT
ajfa-2027	270	7	53	53	NUM
ajfa-2027	270	8	,	,	PUNCT
ajfa-2027	270	9	225	225	NUM
ajfa-2027	270	10	-	-	SYM
ajfa-2027	270	11	236	236	NUM
ajfa-2027	270	12	.	.	PUNCT
ajfa-2027	271	1	http://dx.doi.org/10.2307/1937966	http://dx.doi.org/10.2307/1937966	X
ajfa-2027	271	2	.	.	PUNCT
ajfa-2027	272	1	palm	palm	PROPN
ajfa-2027	272	2	f.	f.	PROPN
ajfa-2027	272	3	,	,	PUNCT
ajfa-2027	272	4	&	&	CCONJ
ajfa-2027	272	5	vaar	vaar	PROPN
ajfa-2027	272	6	p.(1997	p.(1997	X
ajfa-2027	272	7	)	)	PUNCT
ajfa-2027	272	8	.	.	PUNCT
ajfa-2027	273	1	simple	simple	ADJ
ajfa-2027	273	2	diagnostic	diagnostic	ADJ
ajfa-2027	273	3	procedures	procedure	NOUN
ajfa-2027	273	4	for	for	ADP
ajfa-2027	273	5	modelling	model	VERB
ajfa-2027	273	6	financial	financial	ADJ
ajfa-2027	273	7	time	time	NOUN
ajfa-2027	273	8	series	series	PROPN
ajfa-2027	273	9	.	.	PUNCT
ajfa-2027	274	1	allg	allg	PROPN
ajfa-2027	274	2	.	.	PUNCT
ajfa-2027	275	1	statistisches	statistisches	PROPN
ajfa-2027	275	2	archiv	archiv	PROPN
ajfa-2027	275	3	,	,	PUNCT
ajfa-2027	275	4	81	81	NUM
ajfa-2027	275	5	,	,	PUNCT
ajfa-2027	275	6	85	85	NUM
ajfa-2027	275	7	-	-	SYM
ajfa-2027	275	8	101	101	NUM
ajfa-2027	275	9	.	.	PUNCT
ajfa-2027	275	10	retrieved	retrieve	VERB
ajfa-2027	275	11	from	from	ADP
ajfa-2027	275	12	http://arno.unimaas.nl/show.cgi?fid=3288	http://arno.unimaas.nl/show.cgi?fid=3288	PROPN
ajfa-2027	275	13	phillips	phillip	NOUN
ajfa-2027	275	14	p.c.b	p.c.b	NOUN
ajfa-2027	275	15	.	.	PUNCT
ajfa-2027	275	16	,	,	PUNCT
ajfa-2027	275	17	&	&	CCONJ
ajfa-2027	275	18	perron	perron	PROPN
ajfa-2027	275	19	p.	p.	PROPN
ajfa-2027	275	20	(	(	PUNCT
ajfa-2027	275	21	1998	1998	NUM
ajfa-2027	275	22	)	)	PUNCT
ajfa-2027	275	23	.	.	PUNCT
ajfa-2027	276	1	testing	test	VERB
ajfa-2027	276	2	for	for	ADP
ajfa-2027	276	3	a	a	DET
ajfa-2027	276	4	unit	unit	NOUN
ajfa-2027	276	5	root	root	NOUN
ajfa-2027	276	6	in	in	ADP
ajfa-2027	276	7	time	time	NOUN
ajfa-2027	276	8	series	series	PROPN
ajfa-2027	276	9	regression	regression	PROPN
ajfa-2027	276	10	.	.	PUNCT
ajfa-2027	277	1	biometrika	biometrika	NOUN
ajfa-2027	277	2	,	,	PUNCT
ajfa-2027	277	3	75	75	NUM
ajfa-2027	277	4	,	,	PUNCT
ajfa-2027	277	5	335	335	NUM
ajfa-2027	277	6	-	-	SYM
ajfa-2027	277	7	346	346	NUM
ajfa-2027	277	8	.	.	PUNCT
ajfa-2027	278	1	http://dx.doi.org/10.1093/biomet/75.2.335	http://dx.doi.org/10.1093/biomet/75.2.335	PROPN
ajfa-2027	278	2	tolvi	tolvi	PROPN
ajfa-2027	278	3	j.	j.	PROPN
ajfa-2027	278	4	(	(	PUNCT
ajfa-2027	278	5	2003	2003	NUM
ajfa-2027	278	6	)	)	PUNCT
ajfa-2027	278	7	.	.	PUNCT
ajfa-2027	279	1	long	long	ADJ
ajfa-2027	279	2	memory	memory	NOUN
ajfa-2027	279	3	and	and	CCONJ
ajfa-2027	279	4	outliers	outlier	NOUN
ajfa-2027	279	5	in	in	ADP
ajfa-2027	279	6	stock	stock	NOUN
ajfa-2027	279	7	market	market	NOUN
ajfa-2027	279	8	returns	return	NOUN
ajfa-2027	279	9	.	.	PUNCT
ajfa-2027	280	1	applied	apply	VERB
ajfa-2027	280	2	financial	financial	ADJ
ajfa-2027	280	3	economics	economic	NOUN
ajfa-2027	280	4	,	,	PUNCT
ajfa-2027	280	5	14	14	NUM
ajfa-2027	280	6	,	,	PUNCT
ajfa-2027	280	7	457	457	NUM
ajfa-2027	280	8	-	-	SYM
ajfa-2027	280	9	460	460	NUM
ajfa-2027	280	10	.	.	PUNCT
ajfa-2027	281	1	http://dx.doi.org/10.1080/09603100210161983	http://dx.doi.org/10.1080/09603100210161983	PROPN
ajfa-2027	281	2	diebold	diebold	PROPN
ajfa-2027	281	3	,	,	PUNCT
ajfa-2027	281	4	f.	f.	PROPN
ajfa-2027	281	5	,	,	PUNCT
ajfa-2027	281	6	&	&	CCONJ
ajfa-2027	281	7	inous	inous	ADJ
ajfa-2027	281	8	a.	a.	NOUN
ajfa-2027	281	9	(	(	PUNCT
ajfa-2027	281	10	2001	2001	NUM
ajfa-2027	281	11	)	)	PUNCT
ajfa-2027	281	12	.	.	PUNCT
ajfa-2027	282	1	long	long	ADJ
ajfa-2027	282	2	memory	memory	NOUN
ajfa-2027	282	3	and	and	CCONJ
ajfa-2027	282	4	regime	regime	NOUN
ajfa-2027	282	5	switching	switching	NOUN
ajfa-2027	282	6	.	.	PUNCT
ajfa-2027	283	1	journal	journal	PROPN
ajfa-2027	283	2	of	of	ADP
ajfa-2027	283	3	econometrics	econometric	NOUN
ajfa-2027	283	4	,	,	PUNCT
ajfa-2027	283	5	131	131	NUM
ajfa-2027	283	6	-	-	SYM
ajfa-2027	283	7	159	159	NUM
ajfa-2027	283	8	.	.	PUNCT
ajfa-2027	284	1	http://dx.doi.org/10.1016/s0304-4076(01)00073-2	http://dx.doi.org/10.1016/s0304-4076(01)00073-2	VERB