id	sid	tid	token	lemma	pos
ajfa-2028	1	1	microsoft	microsoft	PROPN
ajfa-2028	1	2	word	word	NOUN
ajfa-2028	1	3	2028	2028	NUM
ajfa-2028	1	4	-	-	SYM
ajfa-2028	1	5	7955	7955	NUM
ajfa-2028	1	6	-	-	PUNCT
ajfa-2028	1	7	1	1	NUM
ajfa-2028	1	8	-	-	PUNCT
ajfa-2028	1	9	sm	sm	NOUN
ajfa-2028	1	10	-	-	PUNCT
ajfa-2028	1	11	writer2	writer2	VERB
ajfa-2028	1	12	-	-	ADJ
ajfa-2028	1	13	new	new	ADJ
ajfa-2028	1	14	asian	asian	ADJ
ajfa-2028	1	15	journal	journal	NOUN
ajfa-2028	1	16	of	of	ADP
ajfa-2028	1	17	finance	finance	PROPN
ajfa-2028	1	18	&	&	CCONJ
ajfa-2028	1	19	accounting	accounting	PROPN
ajfa-2028	1	20	issn	issn	PROPN
ajfa-2028	1	21	1946	1946	NUM
ajfa-2028	1	22	-	-	PUNCT
ajfa-2028	1	23	052x	052x	NOUN
ajfa-2028	1	24	2012	2012	NUM
ajfa-2028	1	25	,	,	PUNCT
ajfa-2028	1	26	vol	vol	NOUN
ajfa-2028	1	27	.	.	PROPN
ajfa-2028	1	28	4	4	NUM
ajfa-2028	1	29	,	,	PUNCT
ajfa-2028	1	30	no	no	INTJ
ajfa-2028	1	31	.	.	NOUN
ajfa-2028	1	32	2	2	NUM
ajfa-2028	1	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2028	1	34	231	231	NUM
ajfa-2028	1	35	public	public	ADJ
ajfa-2028	1	36	debt	debt	NOUN
ajfa-2028	1	37	and	and	CCONJ
ajfa-2028	1	38	the	the	DET
ajfa-2028	1	39	crisis	crisis	NOUN
ajfa-2028	1	40	of	of	ADP
ajfa-2028	1	41	development	development	NOUN
ajfa-2028	1	42	in	in	ADP
ajfa-2028	1	43	nigeria	nigeria	PROPN
ajfa-2028	1	44	econometric	econometric	PROPN
ajfa-2028	1	45	investigation	investigation	NOUN
ajfa-2028	1	46	chris	chris	PROPN
ajfa-2028	1	47	o.	o.	PROPN
ajfa-2028	1	48	udoka	udoka	PROPN
ajfa-2028	1	49	department	department	PROPN
ajfa-2028	1	50	of	of	ADP
ajfa-2028	1	51	banking	banking	PROPN
ajfa-2028	1	52	&	&	CCONJ
ajfa-2028	1	53	finance	finance	PROPN
ajfa-2028	1	54	university	university	PROPN
ajfa-2028	1	55	of	of	ADP
ajfa-2028	1	56	calabar	calabar	PROPN
ajfa-2028	1	57	,	,	PUNCT
ajfa-2028	1	58	calabar	calabar	PROPN
ajfa-2028	1	59	,	,	PUNCT
ajfa-2028	1	60	cross	cross	VERB
ajfa-2028	1	61	river	river	PROPN
ajfa-2028	1	62	-	-	PUNCT
ajfa-2028	1	63	nigeria	nigeria	PROPN
ajfa-2028	1	64	e	e	NOUN
ajfa-2028	1	65	-	-	NOUN
ajfa-2028	1	66	mail	mail	NOUN
ajfa-2028	1	67	:	:	PUNCT
ajfa-2028	1	68	udokaco@yahoo.com	udokaco@yahoo.com	PROPN
ajfa-2028	1	69	samson	samson	PROPN
ajfa-2028	1	70	ogege	ogege	PROPN
ajfa-2028	1	71	department	department	PROPN
ajfa-2028	1	72	of	of	ADP
ajfa-2028	1	73	finance	finance	NOUN
ajfa-2028	1	74	,	,	PUNCT
ajfa-2028	1	75	faculty	faculty	NOUN
ajfa-2028	1	76	of	of	ADP
ajfa-2028	1	77	business	business	PROPN
ajfa-2028	1	78	administration	administration	PROPN
ajfa-2028	1	79	university	university	PROPN
ajfa-2028	1	80	of	of	ADP
ajfa-2028	1	81	lagos	lagos	PROPN
ajfa-2028	1	82	,	,	PUNCT
ajfa-2028	1	83	lagos	lago	NOUN
ajfa-2028	1	84	,	,	PUNCT
ajfa-2028	1	85	nigeria	nigeria	PROPN
ajfa-2028	1	86	tel	tel	ADP
ajfa-2028	1	87	:	:	PUNCT
ajfa-2028	1	88	234	234	NUM
ajfa-2028	1	89	-	-	PUNCT
ajfa-2028	1	90	080	080	NUM
ajfa-2028	1	91	-	-	PUNCT
ajfa-2028	1	92	3669	3669	NUM
ajfa-2028	1	93	-	-	SYM
ajfa-2028	1	94	1036	1036	NUM
ajfa-2028	1	95	e	e	NOUN
ajfa-2028	1	96	-	-	NOUN
ajfa-2028	1	97	mail	mail	NOUN
ajfa-2028	1	98	:	:	PUNCT
ajfa-2028	1	99	ogegesamson@yahoo.com	ogegesamson@yahoo.com	X
ajfa-2028	2	1	received	receive	VERB
ajfa-2028	2	2	:	:	PUNCT
ajfa-2028	2	3	july	july	PROPN
ajfa-2028	2	4	1	1	NUM
ajfa-2028	2	5	,	,	PUNCT
ajfa-2028	2	6	2012	2012	NUM
ajfa-2028	2	7	accepted	accept	VERB
ajfa-2028	2	8	:	:	PUNCT
ajfa-2028	2	9	september	september	PROPN
ajfa-2028	2	10	13	13	NUM
ajfa-2028	2	11	,	,	PUNCT
ajfa-2028	2	12	2012	2012	NUM
ajfa-2028	2	13	published	publish	VERB
ajfa-2028	2	14	:	:	PUNCT
ajfa-2028	2	15	december	december	PROPN
ajfa-2028	2	16	1	1	NUM
ajfa-2028	2	17	,	,	PUNCT
ajfa-2028	2	18	2012	2012	NUM
ajfa-2028	2	19	doi:10.5296	doi:10.5296	NOUN
ajfa-2028	2	20	/	/	SYM
ajfa-2028	2	21	ajfa.v4i2.2028	ajfa.v4i2.2028	NUM
ajfa-2028	2	22	url	url	PROPN
ajfa-2028	2	23	:	:	PUNCT
ajfa-2028	2	24	http://dx.doi.org/10.5296/ajfa.v4i2.2028	http://dx.doi.org/10.5296/ajfa.v4i2.2028	X
ajfa-2028	2	25	abstract	abstract	PROPN
ajfa-2028	2	26	the	the	DET
ajfa-2028	2	27	study	study	NOUN
ajfa-2028	2	28	examined	examine	VERB
ajfa-2028	2	29	the	the	DET
ajfa-2028	2	30	extent	extent	NOUN
ajfa-2028	2	31	of	of	ADP
ajfa-2028	2	32	public	public	ADJ
ajfa-2028	2	33	debt	debt	NOUN
ajfa-2028	2	34	crisis	crisis	NOUN
ajfa-2028	2	35	and	and	CCONJ
ajfa-2028	2	36	its	its	PRON
ajfa-2028	2	37	consequences	consequence	NOUN
ajfa-2028	2	38	on	on	ADP
ajfa-2028	2	39	economic	economic	ADJ
ajfa-2028	2	40	development	development	NOUN
ajfa-2028	2	41	using	use	VERB
ajfa-2028	2	42	data	datum	NOUN
ajfa-2028	2	43	from	from	ADP
ajfa-2028	2	44	nigerian	nigerian	ADJ
ajfa-2028	2	45	economy	economy	NOUN
ajfa-2028	2	46	for	for	ADP
ajfa-2028	2	47	the	the	DET
ajfa-2028	2	48	period	period	NOUN
ajfa-2028	2	49	1970	1970	NUM
ajfa-2028	2	50	to	to	ADP
ajfa-2028	2	51	2010	2010	NUM
ajfa-2028	2	52	.	.	PUNCT
ajfa-2028	3	1	it	it	PRON
ajfa-2028	3	2	employed	employ	VERB
ajfa-2028	3	3	the	the	DET
ajfa-2028	3	4	error	error	NOUN
ajfa-2028	3	5	correction	correction	NOUN
ajfa-2028	3	6	framework	framework	NOUN
ajfa-2028	3	7	and	and	CCONJ
ajfa-2028	3	8	co	co	NOUN
ajfa-2028	3	9	-	-	NOUN
ajfa-2028	3	10	integration	integration	NOUN
ajfa-2028	3	11	techniques	technique	NOUN
ajfa-2028	3	12	to	to	PART
ajfa-2028	3	13	test	test	VERB
ajfa-2028	3	14	the	the	DET
ajfa-2028	3	15	relationship	relationship	NOUN
ajfa-2028	3	16	between	between	ADP
ajfa-2028	3	17	per	per	ADP
ajfa-2028	3	18	-	-	PUNCT
ajfa-2028	3	19	capita	capita	NOUN
ajfa-2028	3	20	gross	gross	ADJ
ajfa-2028	3	21	domestic	domestic	ADJ
ajfa-2028	3	22	product	product	NOUN
ajfa-2028	3	23	and	and	CCONJ
ajfa-2028	3	24	macroeconomics	macroeconomic	NOUN
ajfa-2028	3	25	variables	variable	NOUN
ajfa-2028	3	26	.	.	PUNCT
ajfa-2028	4	1	the	the	DET
ajfa-2028	4	2	test	test	NOUN
ajfa-2028	4	3	reveals	reveal	VERB
ajfa-2028	4	4	that	that	SCONJ
ajfa-2028	4	5	there	there	PRON
ajfa-2028	4	6	is	be	VERB
ajfa-2028	4	7	long	long	ADJ
ajfa-2028	4	8	relationship	relationship	NOUN
ajfa-2028	4	9	between	between	ADP
ajfa-2028	4	10	dependent	dependent	ADJ
ajfa-2028	4	11	and	and	CCONJ
ajfa-2028	4	12	the	the	DET
ajfa-2028	4	13	independent	independent	ADJ
ajfa-2028	4	14	variables	variable	NOUN
ajfa-2028	4	15	.	.	PUNCT
ajfa-2028	5	1	this	this	PRON
ajfa-2028	5	2	implies	imply	VERB
ajfa-2028	5	3	that	that	SCONJ
ajfa-2028	5	4	political	political	ADJ
ajfa-2028	5	5	instability	instability	NOUN
ajfa-2028	5	6	may	may	AUX
ajfa-2028	5	7	reduce	reduce	VERB
ajfa-2028	5	8	rate	rate	NOUN
ajfa-2028	5	9	development	development	NOUN
ajfa-2028	5	10	and	and	CCONJ
ajfa-2028	5	11	other	other	ADJ
ajfa-2028	5	12	independent	independent	ADJ
ajfa-2028	5	13	variables	variable	NOUN
ajfa-2028	5	14	are	be	AUX
ajfa-2028	5	15	responsible	responsible	ADJ
ajfa-2028	5	16	for	for	ADP
ajfa-2028	5	17	the	the	DET
ajfa-2028	5	18	underdevelopment	underdevelopment	NOUN
ajfa-2028	5	19	of	of	ADP
ajfa-2028	5	20	nigeria	nigeria	PROPN
ajfa-2028	5	21	.	.	PUNCT
ajfa-2028	6	1	hence	hence	ADV
ajfa-2028	6	2	,	,	PUNCT
ajfa-2028	6	3	to	to	PART
ajfa-2028	6	4	avoid	avoid	VERB
ajfa-2028	6	5	the	the	DET
ajfa-2028	6	6	crisis	crisis	NOUN
ajfa-2028	6	7	of	of	ADP
ajfa-2028	6	8	economic	economic	ADJ
ajfa-2028	6	9	development	development	NOUN
ajfa-2028	6	10	in	in	ADP
ajfa-2028	6	11	nigeria	nigeria	PROPN
ajfa-2028	6	12	public	public	ADJ
ajfa-2028	6	13	debt	debt	NOUN
ajfa-2028	6	14	should	should	AUX
ajfa-2028	6	15	be	be	AUX
ajfa-2028	6	16	reduce	reduce	VERB
ajfa-2028	6	17	to	to	ADP
ajfa-2028	6	18	a	a	DET
ajfa-2028	6	19	minimal	minimal	ADJ
ajfa-2028	6	20	level	level	NOUN
ajfa-2028	6	21	.	.	PUNCT
ajfa-2028	7	1	keywords	keyword	NOUN
ajfa-2028	7	2	:	:	PUNCT
ajfa-2028	7	3	public	public	ADJ
ajfa-2028	7	4	debt	debt	NOUN
ajfa-2028	7	5	,	,	PUNCT
ajfa-2028	7	6	economic	economic	ADJ
ajfa-2028	7	7	development	development	NOUN
ajfa-2028	7	8	,	,	PUNCT
ajfa-2028	7	9	co	co	NOUN
ajfa-2028	7	10	-	-	NOUN
ajfa-2028	7	11	integration	integration	NOUN
ajfa-2028	7	12	,	,	PUNCT
ajfa-2028	7	13	unit	unit	NOUN
ajfa-2028	7	14	root	root	PROPN
ajfa-2028	7	15	asian	asian	PROPN
ajfa-2028	7	16	journal	journal	PROPN
ajfa-2028	7	17	of	of	ADP
ajfa-2028	7	18	finance	finance	PROPN
ajfa-2028	7	19	&	&	CCONJ
ajfa-2028	7	20	accounting	accounting	PROPN
ajfa-2028	7	21	issn	issn	PROPN
ajfa-2028	7	22	1946	1946	NUM
ajfa-2028	7	23	-	-	PUNCT
ajfa-2028	7	24	052x	052x	NOUN
ajfa-2028	7	25	2012	2012	NUM
ajfa-2028	7	26	,	,	PUNCT
ajfa-2028	7	27	vol	vol	NOUN
ajfa-2028	7	28	.	.	PROPN
ajfa-2028	7	29	4	4	NUM
ajfa-2028	7	30	,	,	PUNCT
ajfa-2028	7	31	no	no	INTJ
ajfa-2028	7	32	.	.	NOUN
ajfa-2028	7	33	2	2	NUM
ajfa-2028	7	34	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2028	7	35	232	232	NUM
ajfa-2028	7	36	1	1	NUM
ajfa-2028	7	37	.	.	PUNCT
ajfa-2028	8	1	introduction	introduction	NOUN
ajfa-2028	8	2	the	the	DET
ajfa-2028	8	3	act	act	NOUN
ajfa-2028	8	4	of	of	ADP
ajfa-2028	8	5	borrowing	borrowing	NOUN
ajfa-2028	8	6	creates	create	VERB
ajfa-2028	8	7	debt	debt	NOUN
ajfa-2028	8	8	.	.	PUNCT
ajfa-2028	9	1	debt	debt	NOUN
ajfa-2028	9	2	,	,	PUNCT
ajfa-2028	9	3	therefore	therefore	ADV
ajfa-2028	9	4	,	,	PUNCT
ajfa-2028	9	5	refers	refer	VERB
ajfa-2028	9	6	to	to	ADP
ajfa-2028	9	7	the	the	DET
ajfa-2028	9	8	resources	resource	NOUN
ajfa-2028	9	9	of	of	ADP
ajfa-2028	9	10	money	money	NOUN
ajfa-2028	9	11	in	in	ADP
ajfa-2028	9	12	use	use	NOUN
ajfa-2028	9	13	in	in	ADP
ajfa-2028	9	14	an	an	DET
ajfa-2028	9	15	organization	organization	NOUN
ajfa-2028	9	16	which	which	PRON
ajfa-2028	9	17	is	be	AUX
ajfa-2028	9	18	not	not	PART
ajfa-2028	9	19	contributed	contribute	VERB
ajfa-2028	9	20	by	by	ADP
ajfa-2028	9	21	its	its	PRON
ajfa-2028	9	22	owners	owner	NOUN
ajfa-2028	9	23	and	and	CCONJ
ajfa-2028	9	24	does	do	AUX
ajfa-2028	9	25	not	not	PART
ajfa-2028	9	26	in	in	ADP
ajfa-2028	9	27	any	any	DET
ajfa-2028	9	28	other	other	ADJ
ajfa-2028	9	29	way	way	NOUN
ajfa-2028	9	30	belong	belong	VERB
ajfa-2028	9	31	to	to	ADP
ajfa-2028	9	32	them	they	PRON
ajfa-2028	9	33	.	.	PUNCT
ajfa-2028	10	1	it	it	PRON
ajfa-2028	10	2	is	be	AUX
ajfa-2028	10	3	a	a	DET
ajfa-2028	10	4	liability	liability	NOUN
ajfa-2028	10	5	represented	represent	VERB
ajfa-2028	10	6	by	by	ADP
ajfa-2028	10	7	a	a	DET
ajfa-2028	10	8	financial	financial	ADJ
ajfa-2028	10	9	instrument	instrument	NOUN
ajfa-2028	10	10	of	of	ADP
ajfa-2028	10	11	other	other	ADJ
ajfa-2028	10	12	formal	formal	ADJ
ajfa-2028	10	13	equivalent	equivalent	NOUN
ajfa-2028	10	14	.	.	PUNCT
ajfa-2028	11	1	when	when	SCONJ
ajfa-2028	11	2	a	a	DET
ajfa-2028	11	3	government	government	NOUN
ajfa-2028	11	4	borrows	borrow	VERB
ajfa-2028	11	5	,	,	PUNCT
ajfa-2028	11	6	the	the	DET
ajfa-2028	11	7	debts	debt	NOUN
ajfa-2028	11	8	is	be	AUX
ajfa-2028	11	9	a	a	DET
ajfa-2028	11	10	public	public	ADJ
ajfa-2028	11	11	debt	debt	NOUN
ajfa-2028	11	12	,	,	PUNCT
ajfa-2028	11	13	debts	debt	NOUN
ajfa-2028	11	14	are	be	AUX
ajfa-2028	11	15	incurred	incur	VERB
ajfa-2028	11	16	by	by	ADP
ajfa-2028	11	17	government	government	NOUN
ajfa-2028	11	18	through	through	ADP
ajfa-2028	11	19	borrowing	borrow	VERB
ajfa-2028	11	20	in	in	ADP
ajfa-2028	11	21	the	the	DET
ajfa-2028	11	22	domestic	domestic	ADJ
ajfa-2028	11	23	and	and	CCONJ
ajfa-2028	11	24	international	international	ADJ
ajfa-2028	11	25	markets	market	NOUN
ajfa-2028	11	26	to	to	PART
ajfa-2028	11	27	finance	finance	VERB
ajfa-2028	11	28	domestic	domestic	ADJ
ajfa-2028	11	29	investment	investment	NOUN
ajfa-2028	11	30	.	.	PUNCT
ajfa-2028	12	1	therefore	therefore	ADV
ajfa-2028	12	2	,	,	PUNCT
ajfa-2028	12	3	the	the	DET
ajfa-2028	12	4	national	national	ADJ
ajfa-2028	12	5	debt	debt	NOUN
ajfa-2028	12	6	is	be	AUX
ajfa-2028	12	7	seen	see	VERB
ajfa-2028	12	8	as	as	ADP
ajfa-2028	12	9	all	all	DET
ajfa-2028	12	10	claims	claim	NOUN
ajfa-2028	12	11	against	against	ADP
ajfa-2028	12	12	the	the	DET
ajfa-2028	12	13	government	government	NOUN
ajfa-2028	12	14	held	hold	VERB
ajfa-2028	12	15	by	by	ADP
ajfa-2028	12	16	the	the	DET
ajfa-2028	12	17	private	private	ADJ
ajfa-2028	12	18	sector	sector	NOUN
ajfa-2028	12	19	of	of	ADP
ajfa-2028	12	20	the	the	DET
ajfa-2028	12	21	economy	economy	NOUN
ajfa-2028	12	22	,	,	PUNCT
ajfa-2028	12	23	or	or	CCONJ
ajfa-2028	12	24	by	by	ADP
ajfa-2028	12	25	foreigners	foreigner	NOUN
ajfa-2028	12	26	,	,	PUNCT
ajfa-2028	12	27	whether	whether	SCONJ
ajfa-2028	12	28	interest	interest	NOUN
ajfa-2028	12	29	-	-	PUNCT
ajfa-2028	12	30	bearing	bearing	NOUN
ajfa-2028	12	31	or	or	CCONJ
ajfa-2028	12	32	not	not	PART
ajfa-2028	12	33	(	(	PUNCT
ajfa-2028	12	34	and	and	CCONJ
ajfa-2028	12	35	including	include	VERB
ajfa-2028	12	36	bank	bank	NOUN
ajfa-2028	12	37	held	hold	VERB
ajfa-2028	12	38	debt	debt	NOUN
ajfa-2028	12	39	and	and	CCONJ
ajfa-2028	12	40	government	government	NOUN
ajfa-2028	12	41	currency	currency	NOUN
ajfa-2028	12	42	,	,	PUNCT
ajfa-2028	12	43	if	if	SCONJ
ajfa-2028	12	44	any	any	PRON
ajfa-2028	12	45	)	)	PUNCT
ajfa-2028	12	46	;	;	PUNCT
ajfa-2028	12	47	less	less	ADV
ajfa-2028	12	48	any	any	DET
ajfa-2028	12	49	claims	claim	NOUN
ajfa-2028	12	50	held	hold	VERB
ajfa-2028	12	51	by	by	ADP
ajfa-2028	12	52	the	the	DET
ajfa-2028	12	53	government	government	NOUN
ajfa-2028	12	54	against	against	ADP
ajfa-2028	12	55	the	the	DET
ajfa-2028	12	56	private	private	ADJ
ajfa-2028	12	57	sector	sector	NOUN
ajfa-2028	12	58	and	and	CCONJ
ajfa-2028	12	59	foreigners	foreigner	NOUN
ajfa-2028	12	60	.	.	PUNCT
ajfa-2028	13	1	in	in	ADP
ajfa-2028	13	2	the	the	DET
ajfa-2028	13	3	same	same	ADJ
ajfa-2028	13	4	vein	vein	NOUN
ajfa-2028	13	5	,	,	PUNCT
ajfa-2028	13	6	public	public	ADJ
ajfa-2028	13	7	debt	debt	NOUN
ajfa-2028	13	8	burden	burden	NOUN
ajfa-2028	13	9	refers	refer	VERB
ajfa-2028	13	10	to	to	ADP
ajfa-2028	13	11	the	the	DET
ajfa-2028	13	12	economic	economic	ADJ
ajfa-2028	13	13	hardship	hardship	NOUN
ajfa-2028	13	14	which	which	PRON
ajfa-2028	13	15	the	the	DET
ajfa-2028	13	16	public	public	ADJ
ajfa-2028	13	17	debt	debt	NOUN
ajfa-2028	13	18	imposes	impose	VERB
ajfa-2028	13	19	.	.	PUNCT
ajfa-2028	14	1	the	the	DET
ajfa-2028	14	2	hardship	hardship	NOUN
ajfa-2028	14	3	may	may	AUX
ajfa-2028	14	4	take	take	VERB
ajfa-2028	14	5	the	the	DET
ajfa-2028	14	6	form	form	NOUN
ajfa-2028	14	7	of	of	ADP
ajfa-2028	14	8	waste	waste	NOUN
ajfa-2028	14	9	of	of	ADP
ajfa-2028	14	10	productive	productive	ADJ
ajfa-2028	14	11	efficiency	efficiency	NOUN
ajfa-2028	14	12	(	(	PUNCT
ajfa-2028	14	13	misdirection	misdirection	NOUN
ajfa-2028	14	14	of	of	ADP
ajfa-2028	14	15	production	production	NOUN
ajfa-2028	14	16	)	)	PUNCT
ajfa-2028	14	17	for	for	ADP
ajfa-2028	14	18	the	the	DET
ajfa-2028	14	19	economy	economy	NOUN
ajfa-2028	14	20	as	as	ADP
ajfa-2028	14	21	a	a	DET
ajfa-2028	14	22	whole	whole	ADJ
ajfa-2028	14	23	or	or	CCONJ
ajfa-2028	14	24	undesirable	undesirable	ADJ
ajfa-2028	14	25	economic	economic	ADJ
ajfa-2028	14	26	burdens	burden	NOUN
ajfa-2028	14	27	imposed	impose	VERB
ajfa-2028	14	28	upon	upon	SCONJ
ajfa-2028	14	29	particular	particular	ADJ
ajfa-2028	14	30	classes	class	NOUN
ajfa-2028	14	31	.	.	PUNCT
ajfa-2028	15	1	one	one	NUM
ajfa-2028	15	2	concept	concept	NOUN
ajfa-2028	15	3	of	of	ADP
ajfa-2028	15	4	burden	burden	NOUN
ajfa-2028	15	5	pertains	pertain	NOUN
ajfa-2028	15	6	to	to	ADP
ajfa-2028	15	7	the	the	DET
ajfa-2028	15	8	current	current	ADJ
ajfa-2028	15	9	amount	amount	NOUN
ajfa-2028	15	10	of	of	ADP
ajfa-2028	15	11	goods	good	NOUN
ajfa-2028	15	12	and	and	CCONJ
ajfa-2028	15	13	services	service	NOUN
ajfa-2028	15	14	which	which	PRON
ajfa-2028	15	15	the	the	DET
ajfa-2028	15	16	private	private	ADJ
ajfa-2028	15	17	sector	sector	NOUN
ajfa-2028	15	18	forgoes	forgo	VERB
ajfa-2028	15	19	in	in	ADP
ajfa-2028	15	20	to	to	PART
ajfa-2028	15	21	enable	enable	VERB
ajfa-2028	15	22	the	the	DET
ajfa-2028	15	23	burden	burden	NOUN
ajfa-2028	15	24	relate	relate	VERB
ajfa-2028	15	25	to	to	ADP
ajfa-2028	15	26	the	the	DET
ajfa-2028	15	27	amount	amount	NOUN
ajfa-2028	15	28	of	of	ADP
ajfa-2028	15	29	goods	good	NOUN
ajfa-2028	15	30	and	and	CCONJ
ajfa-2028	15	31	services	service	NOUN
ajfa-2028	15	32	forgone	forgo	VERB
ajfa-2028	15	33	by	by	ADP
ajfa-2028	15	34	the	the	DET
ajfa-2028	15	35	people	people	NOUN
ajfa-2028	15	36	during	during	ADP
ajfa-2028	15	37	their	their	PRON
ajfa-2028	15	38	lifetimes	lifetime	NOUN
ajfa-2028	15	39	(	(	PUNCT
ajfa-2028	15	40	anyanwu	anyanwu	PROPN
ajfa-2028	15	41	,	,	PUNCT
ajfa-2028	15	42	1993	1993	NUM
ajfa-2028	15	43	)	)	PUNCT
ajfa-2028	15	44	.	.	PUNCT
ajfa-2028	16	1	the	the	DET
ajfa-2028	16	2	debt	debt	NOUN
ajfa-2028	16	3	burden	burden	NOUN
ajfa-2028	16	4	in	in	ADP
ajfa-2028	16	5	nigeria	nigeria	PROPN
ajfa-2028	16	6	has	have	AUX
ajfa-2028	16	7	resulted	result	VERB
ajfa-2028	16	8	in	in	ADP
ajfa-2028	16	9	various	various	ADJ
ajfa-2028	16	10	distortions	distortion	NOUN
ajfa-2028	16	11	in	in	ADP
ajfa-2028	16	12	the	the	DET
ajfa-2028	16	13	macro	macro	NOUN
ajfa-2028	16	14	-	-	NOUN
ajfa-2028	16	15	economy	economy	NOUN
ajfa-2028	16	16	.	.	PUNCT
ajfa-2028	17	1	essentially	essentially	ADV
ajfa-2028	17	2	,	,	PUNCT
ajfa-2028	17	3	these	these	DET
ajfa-2028	17	4	distortions	distortion	NOUN
ajfa-2028	17	5	are	be	AUX
ajfa-2028	17	6	structural	structural	ADJ
ajfa-2028	17	7	in	in	ADP
ajfa-2028	17	8	nature	nature	NOUN
ajfa-2028	17	9	,	,	PUNCT
ajfa-2028	17	10	and	and	CCONJ
ajfa-2028	17	11	thus	thus	ADV
ajfa-2028	17	12	affect	affect	VERB
ajfa-2028	17	13	the	the	DET
ajfa-2028	17	14	level	level	NOUN
ajfa-2028	17	15	of	of	ADP
ajfa-2028	17	16	per	per	ADP
ajfa-2028	17	17	capita	capita	NOUN
ajfa-2028	17	18	incomes	income	NOUN
ajfa-2028	17	19	and	and	CCONJ
ajfa-2028	17	20	are	be	AUX
ajfa-2028	17	21	instrumental	instrumental	ADJ
ajfa-2028	17	22	to	to	ADP
ajfa-2028	17	23	the	the	DET
ajfa-2028	17	24	rising	rise	VERB
ajfa-2028	17	25	poverty	poverty	NOUN
ajfa-2028	17	26	in	in	ADP
ajfa-2028	17	27	the	the	DET
ajfa-2028	17	28	country	country	NOUN
ajfa-2028	17	29	.	.	PUNCT
ajfa-2028	18	1	the	the	DET
ajfa-2028	18	2	latter	latter	ADJ
ajfa-2028	18	3	has	have	AUX
ajfa-2028	18	4	attracted	attract	VERB
ajfa-2028	18	5	the	the	DET
ajfa-2028	18	6	attention	attention	NOUN
ajfa-2028	18	7	of	of	ADP
ajfa-2028	18	8	various	various	ADJ
ajfa-2028	18	9	authors	author	NOUN
ajfa-2028	18	10	and	and	CCONJ
ajfa-2028	18	11	nigerian	nigerian	ADJ
ajfa-2028	18	12	economic	economic	ADJ
ajfa-2028	18	13	planners	planner	NOUN
ajfa-2028	18	14	.	.	PUNCT
ajfa-2028	19	1	the	the	DET
ajfa-2028	19	2	various	various	ADJ
ajfa-2028	19	3	points	point	NOUN
ajfa-2028	19	4	of	of	ADP
ajfa-2028	19	5	view	view	NOUN
ajfa-2028	19	6	are	be	AUX
ajfa-2028	19	7	all	all	PRON
ajfa-2028	19	8	agreed	agree	VERB
ajfa-2028	19	9	that	that	SCONJ
ajfa-2028	19	10	the	the	DET
ajfa-2028	19	11	condition	condition	NOUN
ajfa-2028	19	12	of	of	ADP
ajfa-2028	19	13	africa	africa	PROPN
ajfa-2028	19	14	in	in	ADP
ajfa-2028	19	15	general	general	ADJ
ajfa-2028	19	16	and	and	CCONJ
ajfa-2028	19	17	that	that	PRON
ajfa-2028	19	18	of	of	ADP
ajfa-2028	19	19	nigeria	nigeria	PROPN
ajfa-2028	19	20	in	in	ADP
ajfa-2028	19	21	particular	particular	ADJ
ajfa-2028	19	22	have	have	AUX
ajfa-2028	19	23	now	now	ADV
ajfa-2028	19	24	deteriorated	deteriorate	VERB
ajfa-2028	19	25	to	to	ADP
ajfa-2028	19	26	an	an	DET
ajfa-2028	19	27	economic	economic	ADJ
ajfa-2028	19	28	and	and	CCONJ
ajfa-2028	19	29	political	political	ADJ
ajfa-2028	19	30	catastrophe	catastrophe	NOUN
ajfa-2028	19	31	(	(	PUNCT
ajfa-2028	19	32	nzotta	nzotta	ADJ
ajfa-2028	19	33	,	,	PUNCT
ajfa-2028	19	34	2004	2004	NUM
ajfa-2028	19	35	)	)	PUNCT
ajfa-2028	19	36	.	.	PUNCT
ajfa-2028	20	1	basically	basically	ADV
ajfa-2028	20	2	,	,	PUNCT
ajfa-2028	20	3	nigeria	nigeria	PROPN
ajfa-2028	20	4	began	begin	VERB
ajfa-2028	20	5	to	to	PART
ajfa-2028	20	6	experience	experience	VERB
ajfa-2028	20	7	debt	debt	NOUN
ajfa-2028	20	8	problem	problem	NOUN
ajfa-2028	20	9	from	from	ADP
ajfa-2028	20	10	the	the	DET
ajfa-2028	20	11	early	early	ADJ
ajfa-2028	20	12	1980s	1980	NOUN
ajfa-2028	20	13	when	when	SCONJ
ajfa-2028	20	14	foreign	foreign	ADJ
ajfa-2028	20	15	exchange	exchange	NOUN
ajfa-2028	20	16	earnings	earning	NOUN
ajfa-2028	20	17	plummeted	plummet	VERB
ajfa-2028	20	18	as	as	ADP
ajfa-2028	20	19	a	a	DET
ajfa-2028	20	20	result	result	NOUN
ajfa-2028	20	21	of	of	ADP
ajfa-2028	20	22	the	the	DET
ajfa-2028	20	23	collapse	collapse	NOUN
ajfa-2028	20	24	of	of	ADP
ajfa-2028	20	25	prices	price	NOUN
ajfa-2028	20	26	in	in	ADP
ajfa-2028	20	27	the	the	DET
ajfa-2028	20	28	international	international	ADJ
ajfa-2028	20	29	oil	oil	NOUN
ajfa-2028	20	30	market	market	NOUN
ajfa-2028	20	31	and	and	CCONJ
ajfa-2028	20	32	external	external	ADJ
ajfa-2028	20	33	loans	loan	NOUN
ajfa-2028	20	34	began	begin	VERB
ajfa-2028	20	35	to	to	PART
ajfa-2028	20	36	be	be	AUX
ajfa-2028	20	37	acquired	acquire	VERB
ajfa-2028	20	38	indiscriminately	indiscriminately	ADV
ajfa-2028	20	39	.	.	PUNCT
ajfa-2028	21	1	the	the	DET
ajfa-2028	21	2	debt	debt	NOUN
ajfa-2028	21	3	crisis	crisis	NOUN
ajfa-2028	21	4	,	,	PUNCT
ajfa-2028	21	5	which	which	PRON
ajfa-2028	21	6	is	be	AUX
ajfa-2028	21	7	the	the	DET
ajfa-2028	21	8	combination	combination	NOUN
ajfa-2028	21	9	of	of	ADP
ajfa-2028	21	10	accumulated	accumulate	VERB
ajfa-2028	21	11	debt	debt	NOUN
ajfa-2028	21	12	stock	stock	NOUN
ajfa-2028	21	13	and	and	CCONJ
ajfa-2028	21	14	difficulty	difficulty	NOUN
ajfa-2028	21	15	servicing	servicing	NOUN
ajfa-2028	21	16	,	,	PUNCT
ajfa-2028	21	17	has	have	AUX
ajfa-2028	21	18	imposed	impose	VERB
ajfa-2028	21	19	several	several	ADJ
ajfa-2028	21	20	burdens	burden	NOUN
ajfa-2028	21	21	on	on	ADP
ajfa-2028	21	22	the	the	DET
ajfa-2028	21	23	nigerian	nigerian	ADJ
ajfa-2028	21	24	economy	economy	NOUN
ajfa-2028	21	25	.	.	PUNCT
ajfa-2028	22	1	this	this	PRON
ajfa-2028	22	2	is	be	AUX
ajfa-2028	22	3	reflected	reflect	VERB
ajfa-2028	22	4	in	in	ADP
ajfa-2028	22	5	the	the	DET
ajfa-2028	22	6	fall	fall	NOUN
ajfa-2028	22	7	in	in	ADP
ajfa-2028	22	8	real	real	ADJ
ajfa-2028	22	9	growth	growth	NOUN
ajfa-2028	22	10	rates	rate	NOUN
ajfa-2028	22	11	,	,	PUNCT
ajfa-2028	22	12	investment	investment	NOUN
ajfa-2028	22	13	rate	rate	NOUN
ajfa-2028	22	14	and	and	CCONJ
ajfa-2028	22	15	export	export	NOUN
ajfa-2028	22	16	earning	earn	VERB
ajfa-2028	22	17	since	since	SCONJ
ajfa-2028	22	18	1980	1980	NUM
ajfa-2028	22	19	.	.	PUNCT
ajfa-2028	23	1	the	the	DET
ajfa-2028	23	2	debt	debt	NOUN
ajfa-2028	23	3	burden	burden	NOUN
ajfa-2028	23	4	has	have	AUX
ajfa-2028	23	5	clearly	clearly	ADV
ajfa-2028	23	6	been	be	AUX
ajfa-2028	23	7	a	a	DET
ajfa-2028	23	8	constraining	constrain	VERB
ajfa-2028	23	9	factor	factor	NOUN
ajfa-2028	23	10	on	on	ADP
ajfa-2028	23	11	rapid	rapid	ADJ
ajfa-2028	23	12	economic	economic	ADJ
ajfa-2028	23	13	recovery	recovery	NOUN
ajfa-2028	23	14	growth	growth	NOUN
ajfa-2028	23	15	and	and	CCONJ
ajfa-2028	23	16	development	development	NOUN
ajfa-2028	23	17	with	with	ADP
ajfa-2028	23	18	the	the	DET
ajfa-2028	23	19	debt	debt	NOUN
ajfa-2028	23	20	increasing	increase	VERB
ajfa-2028	23	21	at	at	ADP
ajfa-2028	23	22	an	an	DET
ajfa-2028	23	23	alarming	alarming	ADJ
ajfa-2028	23	24	rate	rate	NOUN
ajfa-2028	23	25	.	.	PUNCT
ajfa-2028	24	1	funds	fund	NOUN
ajfa-2028	24	2	which	which	PRON
ajfa-2028	24	3	should	should	AUX
ajfa-2028	24	4	have	have	AUX
ajfa-2028	24	5	been	be	AUX
ajfa-2028	24	6	used	use	VERB
ajfa-2028	24	7	for	for	ADP
ajfa-2028	24	8	economic	economic	ADJ
ajfa-2028	24	9	development	development	NOUN
ajfa-2028	24	10	are	be	AUX
ajfa-2028	24	11	channeled	channel	VERB
ajfa-2028	24	12	towards	towards	ADP
ajfa-2028	24	13	servicing	service	VERB
ajfa-2028	24	14	the	the	DET
ajfa-2028	24	15	debt	debt	NOUN
ajfa-2028	24	16	.	.	PUNCT
ajfa-2028	25	1	the	the	DET
ajfa-2028	25	2	constraining	constrain	VERB
ajfa-2028	25	3	effect	effect	NOUN
ajfa-2028	25	4	of	of	ADP
ajfa-2028	25	5	the	the	DET
ajfa-2028	25	6	debt	debt	NOUN
ajfa-2028	25	7	burden	burden	NOUN
ajfa-2028	25	8	services	service	NOUN
ajfa-2028	25	9	is	be	AUX
ajfa-2028	25	10	more	more	ADV
ajfa-2028	25	11	pronounced	pronounce	VERB
ajfa-2028	25	12	as	as	SCONJ
ajfa-2028	25	13	the	the	DET
ajfa-2028	25	14	economy	economy	NOUN
ajfa-2028	25	15	has	have	AUX
ajfa-2028	25	16	failed	fail	VERB
ajfa-2028	25	17	to	to	PART
ajfa-2028	25	18	grow	grow	VERB
ajfa-2028	25	19	sufficiently	sufficiently	ADV
ajfa-2028	25	20	to	to	PART
ajfa-2028	25	21	reduce	reduce	VERB
ajfa-2028	25	22	the	the	DET
ajfa-2028	25	23	burden	burden	NOUN
ajfa-2028	25	24	to	to	ADP
ajfa-2028	25	25	a	a	DET
ajfa-2028	25	26	sustainable	sustainable	ADJ
ajfa-2028	25	27	level	level	NOUN
ajfa-2028	25	28	.	.	PUNCT
ajfa-2028	26	1	public	public	ADJ
ajfa-2028	26	2	debt	debt	NOUN
ajfa-2028	26	3	is	be	AUX
ajfa-2028	26	4	an	an	DET
ajfa-2028	26	5	amount	amount	NOUN
ajfa-2028	26	6	of	of	ADP
ajfa-2028	26	7	money	money	NOUN
ajfa-2028	26	8	owned	own	VERB
ajfa-2028	26	9	by	by	ADP
ajfa-2028	26	10	the	the	DET
ajfa-2028	26	11	government	government	NOUN
ajfa-2028	26	12	to	to	ADP
ajfa-2028	26	13	institutions	institution	NOUN
ajfa-2028	26	14	,	,	PUNCT
ajfa-2028	26	15	government	government	NOUN
ajfa-2028	26	16	agencies	agency	NOUN
ajfa-2028	26	17	and	and	CCONJ
ajfa-2028	26	18	other	other	ADJ
ajfa-2028	26	19	bodies	body	NOUN
ajfa-2028	26	20	’	'	PUNCT
ajfa-2028	26	21	resident	resident	NOUN
ajfa-2028	26	22	in	in	ADP
ajfa-2028	26	23	or	or	CCONJ
ajfa-2028	26	24	outside	outside	ADP
ajfa-2028	26	25	nigeria	nigeria	PROPN
ajfa-2028	26	26	.	.	PUNCT
ajfa-2028	27	1	the	the	DET
ajfa-2028	27	2	debt	debt	NOUN
ajfa-2028	27	3	crisis	crisis	NOUN
ajfa-2028	27	4	has	have	AUX
ajfa-2028	27	5	also	also	ADV
ajfa-2028	27	6	generated	generate	VERB
ajfa-2028	27	7	controversy	controversy	NOUN
ajfa-2028	27	8	as	as	ADP
ajfa-2028	27	9	to	to	ADP
ajfa-2028	27	10	the	the	DET
ajfa-2028	27	11	exact	exact	ADJ
ajfa-2028	27	12	meaning	meaning	NOUN
ajfa-2028	27	13	of	of	ADP
ajfa-2028	27	14	debt	debt	NOUN
ajfa-2028	27	15	and	and	CCONJ
ajfa-2028	27	16	external	external	ADJ
ajfa-2028	27	17	debt	debt	NOUN
ajfa-2028	27	18	(	(	PUNCT
ajfa-2028	27	19	nzotta	nzotta	ADJ
ajfa-2028	27	20	,	,	PUNCT
ajfa-2028	27	21	2004	2004	NUM
ajfa-2028	27	22	)	)	PUNCT
ajfa-2028	27	23	.	.	PUNCT
ajfa-2028	28	1	the	the	DET
ajfa-2028	28	2	imf	imf	PROPN
ajfa-2028	28	3	(	(	PUNCT
ajfa-2028	28	4	1988	1988	NUM
ajfa-2028	28	5	)	)	PUNCT
ajfa-2028	28	6	defined	define	VERB
ajfa-2028	28	7	debt	debt	NOUN
ajfa-2028	28	8	as	as	ADP
ajfa-2028	28	9	a	a	DET
ajfa-2028	28	10	liability	liability	NOUN
ajfa-2028	28	11	represented	represent	VERB
ajfa-2028	28	12	by	by	ADP
ajfa-2028	28	13	a	a	DET
ajfa-2028	28	14	financial	financial	ADJ
ajfa-2028	28	15	instrument	instrument	NOUN
ajfa-2028	28	16	or	or	CCONJ
ajfa-2028	28	17	other	other	ADJ
ajfa-2028	28	18	formal	formal	ADJ
ajfa-2028	28	19	equivalent	equivalent	NOUN
ajfa-2028	28	20	owed	owe	VERB
ajfa-2028	28	21	to	to	ADP
ajfa-2028	28	22	other	other	ADJ
ajfa-2028	28	23	parties	party	NOUN
ajfa-2028	28	24	.	.	PUNCT
ajfa-2028	29	1	the	the	DET
ajfa-2028	29	2	world	world	PROPN
ajfa-2028	29	3	bank	bank	PROPN
ajfa-2028	29	4	(	(	PUNCT
ajfa-2028	29	5	1988	1988	NUM
ajfa-2028	29	6	)	)	PUNCT
ajfa-2028	29	7	defined	define	VERB
ajfa-2028	29	8	gross	gross	ADJ
ajfa-2028	29	9	external	external	ADJ
ajfa-2028	29	10	debt	debt	NOUN
ajfa-2028	29	11	as	as	ADP
ajfa-2028	29	12	the	the	DET
ajfa-2028	29	13	amount	amount	NOUN
ajfa-2028	29	14	,	,	PUNCT
ajfa-2028	29	15	at	at	ADP
ajfa-2028	29	16	any	any	DET
ajfa-2028	29	17	time	time	NOUN
ajfa-2028	29	18	of	of	ADP
ajfa-2028	29	19	disbursed	disburse	VERB
ajfa-2028	29	20	and	and	CCONJ
ajfa-2028	29	21	outstanding	outstanding	ADJ
ajfa-2028	29	22	contractual	contractual	ADJ
ajfa-2028	29	23	liabilities	liability	NOUN
ajfa-2028	29	24	of	of	ADP
ajfa-2028	29	25	residents	resident	NOUN
ajfa-2028	29	26	of	of	ADP
ajfa-2028	29	27	a	a	DET
ajfa-2028	29	28	country	country	NOUN
ajfa-2028	29	29	to	to	ADP
ajfa-2028	29	30	non	non	NOUN
ajfa-2028	29	31	-	-	NOUN
ajfa-2028	29	32	residents	resident	NOUN
ajfa-2028	29	33	to	to	PART
ajfa-2028	29	34	repay	repay	VERB
ajfa-2028	29	35	principal	principal	NOUN
ajfa-2028	29	36	with	with	ADP
ajfa-2028	29	37	or	or	CCONJ
ajfa-2028	29	38	without	without	ADP
ajfa-2028	29	39	interest	interest	NOUN
ajfa-2028	29	40	,	,	PUNCT
ajfa-2028	29	41	or	or	CCONJ
ajfa-2028	29	42	to	to	PART
ajfa-2028	29	43	pay	pay	VERB
ajfa-2028	29	44	interest	interest	NOUN
ajfa-2028	29	45	,	,	PUNCT
ajfa-2028	29	46	with	with	ADP
ajfa-2028	29	47	or	or	CCONJ
ajfa-2028	29	48	without	without	ADP
ajfa-2028	29	49	principal	principal	NOUN
ajfa-2028	29	50	.	.	PUNCT
ajfa-2028	30	1	thus	thus	ADV
ajfa-2028	30	2	,	,	PUNCT
ajfa-2028	30	3	the	the	DET
ajfa-2028	30	4	major	major	ADJ
ajfa-2028	30	5	objective	objective	NOUN
ajfa-2028	30	6	of	of	ADP
ajfa-2028	30	7	this	this	DET
ajfa-2028	30	8	paper	paper	NOUN
ajfa-2028	30	9	is	be	AUX
ajfa-2028	30	10	to	to	PART
ajfa-2028	30	11	assess	assess	VERB
ajfa-2028	30	12	the	the	DET
ajfa-2028	30	13	extent	extent	NOUN
ajfa-2028	30	14	of	of	ADP
ajfa-2028	30	15	public	public	ADJ
ajfa-2028	30	16	debt	debt	NOUN
ajfa-2028	30	17	burden	burden	NOUN
ajfa-2028	30	18	on	on	ADP
ajfa-2028	30	19	nigerian	nigerian	ADJ
ajfa-2028	30	20	economy	economy	NOUN
ajfa-2028	30	21	from	from	ADP
ajfa-2028	30	22	19702010	19702010	NUM
ajfa-2028	30	23	and	and	CCONJ
ajfa-2028	30	24	to	to	PART
ajfa-2028	30	25	bring	bring	VERB
ajfa-2028	30	26	out	out	ADP
ajfa-2028	30	27	if	if	SCONJ
ajfa-2028	30	28	there	there	PRON
ajfa-2028	30	29	is	be	VERB
ajfa-2028	30	30	any	any	DET
ajfa-2028	30	31	relationship	relationship	NOUN
ajfa-2028	30	32	between	between	ADP
ajfa-2028	30	33	public	public	ADJ
ajfa-2028	30	34	debt	debt	NOUN
ajfa-2028	30	35	burden	burden	NOUN
ajfa-2028	30	36	and	and	CCONJ
ajfa-2028	30	37	economic	economic	ADJ
ajfa-2028	30	38	growth	growth	NOUN
ajfa-2028	30	39	of	of	ADP
ajfa-2028	30	40	the	the	DET
ajfa-2028	30	41	nation	nation	NOUN
ajfa-2028	30	42	.	.	PUNCT
ajfa-2028	31	1	asian	asian	ADJ
ajfa-2028	31	2	journal	journal	PROPN
ajfa-2028	31	3	of	of	ADP
ajfa-2028	31	4	finance	finance	PROPN
ajfa-2028	31	5	&	&	CCONJ
ajfa-2028	31	6	accounting	accounting	PROPN
ajfa-2028	31	7	issn	issn	PROPN
ajfa-2028	31	8	1946	1946	NUM
ajfa-2028	31	9	-	-	PUNCT
ajfa-2028	31	10	052x	052x	NOUN
ajfa-2028	31	11	2012	2012	NUM
ajfa-2028	31	12	,	,	PUNCT
ajfa-2028	31	13	vol	vol	NOUN
ajfa-2028	31	14	.	.	PROPN
ajfa-2028	31	15	4	4	NUM
ajfa-2028	31	16	,	,	PUNCT
ajfa-2028	31	17	no	no	INTJ
ajfa-2028	31	18	.	.	NOUN
ajfa-2028	31	19	2	2	NUM
ajfa-2028	31	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2028	31	21	233	233	NUM
ajfa-2028	31	22	2	2	NUM
ajfa-2028	31	23	.	.	PUNCT
ajfa-2028	31	24	theoretical	theoretical	ADJ
ajfa-2028	31	25	framework	framework	NOUN
ajfa-2028	31	26	2.1	2.1	NUM
ajfa-2028	31	27	debtcum	debtcum	NOUN
ajfa-2028	31	28	–	–	PUNCT
ajfa-2028	31	29	growth	growth	NOUN
ajfa-2028	31	30	model	model	NOUN
ajfa-2028	31	31	the	the	DET
ajfa-2028	31	32	first	first	ADJ
ajfa-2028	31	33	stand	stand	NOUN
ajfa-2028	31	34	of	of	ADP
ajfa-2028	31	35	thought	thought	NOUN
ajfa-2028	31	36	in	in	ADP
ajfa-2028	31	37	the	the	DET
ajfa-2028	31	38	debtcum	debtcum	NOUN
ajfa-2028	31	39	–	–	PUNCT
ajfa-2028	31	40	growth	growth	NOUN
ajfa-2028	31	41	theory	theory	NOUN
ajfa-2028	31	42	is	be	AUX
ajfa-2028	31	43	the	the	DET
ajfa-2028	31	44	substituting	substitute	VERB
ajfa-2028	31	45	school	school	NOUN
ajfa-2028	31	46	of	of	ADP
ajfa-2028	31	47	thought	thought	NOUN
ajfa-2028	31	48	.	.	PUNCT
ajfa-2028	32	1	it	it	PRON
ajfa-2028	32	2	considers	consider	VERB
ajfa-2028	32	3	external	external	ADJ
ajfa-2028	32	4	debt	debt	NOUN
ajfa-2028	32	5	as	as	ADP
ajfa-2028	32	6	a	a	DET
ajfa-2028	32	7	substitute	substitute	NOUN
ajfa-2028	32	8	for	for	ADP
ajfa-2028	32	9	domestic	domestic	ADJ
ajfa-2028	32	10	savings	saving	NOUN
ajfa-2028	32	11	and	and	CCONJ
ajfa-2028	32	12	investment	investment	NOUN
ajfa-2028	32	13	and	and	CCONJ
ajfa-2028	32	14	therefore	therefore	ADV
ajfa-2028	32	15	domestic	domestic	ADJ
ajfa-2028	32	16	savings	saving	NOUN
ajfa-2028	32	17	and	and	CCONJ
ajfa-2028	32	18	investment	investment	NOUN
ajfa-2028	32	19	are	be	AUX
ajfa-2028	32	20	crowded	crowd	VERB
ajfa-2028	32	21	out	out	ADP
ajfa-2028	32	22	as	as	ADP
ajfa-2028	32	23	a	a	DET
ajfa-2028	32	24	result	result	NOUN
ajfa-2028	32	25	(	(	PUNCT
ajfa-2028	32	26	krugman	krugman	NOUN
ajfa-2028	32	27	,	,	PUNCT
ajfa-2028	32	28	1988	1988	NUM
ajfa-2028	32	29	;	;	PUNCT
ajfa-2028	32	30	alesina	alesina	NOUN
ajfa-2028	32	31	&	&	CCONJ
ajfa-2028	32	32	tabellini	tabellini	NOUN
ajfa-2028	32	33	,	,	PUNCT
ajfa-2028	32	34	1990	1990	NUM
ajfa-2028	32	35	;	;	PUNCT
ajfa-2028	32	36	tornell	tornell	PROPN
ajfa-2028	32	37	&	&	CCONJ
ajfa-2028	32	38	velusco	velusco	PROPN
ajfa-2028	32	39	1992	1992	NUM
ajfa-2028	32	40	)	)	PUNCT
ajfa-2028	32	41	.	.	PUNCT
ajfa-2028	33	1	the	the	DET
ajfa-2028	33	2	thinking	thinking	NOUN
ajfa-2028	33	3	is	be	AUX
ajfa-2028	33	4	that	that	SCONJ
ajfa-2028	33	5	the	the	DET
ajfa-2028	33	6	returns	return	NOUN
ajfa-2028	33	7	from	from	ADP
ajfa-2028	33	8	investing	invest	VERB
ajfa-2028	33	9	in	in	ADP
ajfa-2028	33	10	a	a	DET
ajfa-2028	33	11	country	country	NOUN
ajfa-2028	33	12	are	be	AUX
ajfa-2028	33	13	seen	see	VERB
ajfa-2028	33	14	as	as	ADP
ajfa-2028	33	15	being	be	AUX
ajfa-2028	33	16	subjected	subject	VERB
ajfa-2028	33	17	to	to	ADP
ajfa-2028	33	18	a	a	DET
ajfa-2028	33	19	high	high	ADJ
ajfa-2028	33	20	marginal	marginal	ADJ
ajfa-2028	33	21	tax	tax	NOUN
ajfa-2028	33	22	by	by	ADP
ajfa-2028	33	23	creditors	creditor	NOUN
ajfa-2028	33	24	and	and	CCONJ
ajfa-2028	33	25	this	this	PRON
ajfa-2028	33	26	may	may	AUX
ajfa-2028	33	27	discourage	discourage	VERB
ajfa-2028	33	28	domestic	domestic	ADJ
ajfa-2028	33	29	and	and	CCONJ
ajfa-2028	33	30	foreign	foreign	ADJ
ajfa-2028	33	31	investors	investor	NOUN
ajfa-2028	33	32	.	.	PUNCT
ajfa-2028	34	1	this	this	PRON
ajfa-2028	34	2	is	be	AUX
ajfa-2028	34	3	the	the	DET
ajfa-2028	34	4	familiar	familiar	ADJ
ajfa-2028	34	5	debt	debt	NOUN
ajfa-2028	34	6	overhang	overhang	NOUN
ajfa-2028	34	7	theory	theory	NOUN
ajfa-2028	34	8	.	.	PUNCT
ajfa-2028	35	1	it	it	PRON
ajfa-2028	35	2	is	be	AUX
ajfa-2028	35	3	also	also	ADV
ajfa-2028	35	4	argued	argue	VERB
ajfa-2028	35	5	that	that	SCONJ
ajfa-2028	35	6	foreign	foreign	ADJ
ajfa-2028	35	7	savings	saving	NOUN
ajfa-2028	35	8	may	may	AUX
ajfa-2028	35	9	be	be	AUX
ajfa-2028	35	10	used	use	VERB
ajfa-2028	35	11	for	for	ADP
ajfa-2028	35	12	consumption	consumption	NOUN
ajfa-2028	35	13	rather	rather	ADV
ajfa-2028	35	14	than	than	ADP
ajfa-2028	35	15	for	for	ADP
ajfa-2028	35	16	investment	investment	NOUN
ajfa-2028	35	17	.	.	PUNCT
ajfa-2028	36	1	however	however	ADV
ajfa-2028	36	2	,	,	PUNCT
ajfa-2028	36	3	studies	study	NOUN
ajfa-2028	36	4	by	by	ADP
ajfa-2028	36	5	cohen	cohen	PROPN
ajfa-2028	36	6	and	and	CCONJ
ajfa-2028	36	7	sachs	sachs	PROPN
ajfa-2028	36	8	(	(	PUNCT
ajfa-2028	36	9	1986	1986	NUM
ajfa-2028	36	10	)	)	PUNCT
ajfa-2028	36	11	and	and	CCONJ
ajfa-2028	36	12	cohen	cohen	PROPN
ajfa-2028	36	13	(	(	PUNCT
ajfa-2028	36	14	1992	1992	NUM
ajfa-2028	36	15	)	)	PUNCT
ajfa-2028	36	16	present	present	ADJ
ajfa-2028	36	17	endogenous	endogenous	ADJ
ajfa-2028	36	18	growth	growth	NOUN
ajfa-2028	36	19	models	model	NOUN
ajfa-2028	36	20	where	where	SCONJ
ajfa-2028	36	21	capital	capital	NOUN
ajfa-2028	36	22	accumulation	accumulation	NOUN
ajfa-2028	36	23	is	be	AUX
ajfa-2028	36	24	the	the	DET
ajfa-2028	36	25	driving	drive	VERB
ajfa-2028	36	26	force	force	NOUN
ajfa-2028	36	27	for	for	ADP
ajfa-2028	36	28	growth	growth	NOUN
ajfa-2028	36	29	.	.	PUNCT
ajfa-2028	37	1	2.2	2.2	NUM
ajfa-2028	37	2	threshold	threshold	NOUN
ajfa-2028	37	3	school	school	NOUN
ajfa-2028	37	4	of	of	ADP
ajfa-2028	37	5	thought	thought	NOUN
ajfa-2028	37	6	(	(	PUNCT
ajfa-2028	37	7	debt	debt	NOUN
ajfa-2028	37	8	latter	latter	ADJ
ajfa-2028	37	9	curvethesis	curvethesis	NOUN
ajfa-2028	37	10	)	)	PUNCT
ajfa-2028	37	11	the	the	DET
ajfa-2028	37	12	burden	burden	NOUN
ajfa-2028	37	13	of	of	ADP
ajfa-2028	37	14	external	external	ADJ
ajfa-2028	37	15	debt	debt	NOUN
ajfa-2028	37	16	is	be	AUX
ajfa-2028	37	17	the	the	DET
ajfa-2028	37	18	concern	concern	NOUN
ajfa-2028	37	19	of	of	ADP
ajfa-2028	37	20	threshold	threshold	NOUN
ajfa-2028	37	21	school	school	NOUN
ajfa-2028	37	22	of	of	ADP
ajfa-2028	37	23	thought	thought	NOUN
ajfa-2028	37	24	which	which	PRON
ajfa-2028	37	25	emphasizes	emphasize	VERB
ajfa-2028	37	26	the	the	DET
ajfa-2028	37	27	non	non	ADJ
ajfa-2028	37	28	-	-	ADJ
ajfa-2028	37	29	linear	linear	ADJ
ajfa-2028	37	30	relationship	relationship	NOUN
ajfa-2028	37	31	between	between	ADP
ajfa-2028	37	32	debt	debt	NOUN
ajfa-2028	37	33	and	and	CCONJ
ajfa-2028	37	34	growth	growth	NOUN
ajfa-2028	37	35	(	(	PUNCT
ajfa-2028	37	36	calvo	calvo	NOUN
ajfa-2028	37	37	,	,	PUNCT
ajfa-2028	37	38	1998	1998	NUM
ajfa-2028	37	39	)	)	PUNCT
ajfa-2028	37	40	.	.	PUNCT
ajfa-2028	38	1	it	it	PRON
ajfa-2028	38	2	links	link	VERB
ajfa-2028	38	3	debt	debt	NOUN
ajfa-2028	38	4	and	and	CCONJ
ajfa-2028	38	5	growth	growth	NOUN
ajfa-2028	38	6	to	to	ADP
ajfa-2028	38	7	problem	problem	NOUN
ajfa-2028	38	8	of	of	ADP
ajfa-2028	38	9	capital	capital	NOUN
ajfa-2028	38	10	flight	flight	NOUN
ajfa-2028	38	11	where	where	SCONJ
ajfa-2028	38	12	at	at	ADP
ajfa-2028	38	13	high	high	ADJ
ajfa-2028	38	14	debt	debt	NOUN
ajfa-2028	38	15	levels	level	NOUN
ajfa-2028	38	16	growth	growth	NOUN
ajfa-2028	38	17	falls	fall	VERB
ajfa-2028	38	18	.	.	PUNCT
ajfa-2028	39	1	according	accord	VERB
ajfa-2028	39	2	to	to	ADP
ajfa-2028	39	3	the	the	DET
ajfa-2028	39	4	threshold	threshold	NOUN
ajfa-2028	39	5	theory	theory	NOUN
ajfa-2028	39	6	,	,	PUNCT
ajfa-2028	39	7	the	the	DET
ajfa-2028	39	8	fall	fall	NOUN
ajfa-2028	39	9	in	in	ADP
ajfa-2028	39	10	growth	growth	NOUN
ajfa-2028	39	11	is	be	AUX
ajfa-2028	39	12	due	due	ADJ
ajfa-2028	39	13	to	to	ADP
ajfa-2028	39	14	the	the	DET
ajfa-2028	39	15	higher	high	ADJ
ajfa-2028	39	16	distortionary	distortionary	ADJ
ajfa-2028	39	17	tax	tax	NOUN
ajfa-2028	39	18	burden	burden	NOUN
ajfa-2028	39	19	on	on	ADP
ajfa-2028	39	20	capital	capital	NOUN
ajfa-2028	39	21	required	require	VERB
ajfa-2028	39	22	to	to	PART
ajfa-2028	39	23	service	service	VERB
ajfa-2028	39	24	the	the	DET
ajfa-2028	39	25	debt	debt	NOUN
ajfa-2028	39	26	.	.	PUNCT
ajfa-2028	40	1	it	it	PRON
ajfa-2028	40	2	leads	lead	VERB
ajfa-2028	40	3	to	to	ADP
ajfa-2028	40	4	lower	low	ADJ
ajfa-2028	40	5	rate	rate	NOUN
ajfa-2028	40	6	of	of	ADP
ajfa-2028	40	7	return	return	NOUN
ajfa-2028	40	8	on	on	ADP
ajfa-2028	40	9	capital	capital	NOUN
ajfa-2028	40	10	,	,	PUNCT
ajfa-2028	40	11	lower	low	ADJ
ajfa-2028	40	12	investment	investment	NOUN
ajfa-2028	40	13	and	and	CCONJ
ajfa-2028	40	14	,	,	PUNCT
ajfa-2028	40	15	hence	hence	ADV
ajfa-2028	40	16	,	,	PUNCT
ajfa-2028	40	17	lower	low	ADJ
ajfa-2028	40	18	growth	growth	NOUN
ajfa-2028	40	19	.	.	PUNCT
ajfa-2028	41	1	it	it	PRON
ajfa-2028	41	2	maintains	maintain	VERB
ajfa-2028	41	3	that	that	SCONJ
ajfa-2028	41	4	low	low	ADJ
ajfa-2028	41	5	debt	debt	NOUN
ajfa-2028	41	6	regimes	regime	NOUN
ajfa-2028	41	7	have	have	VERB
ajfa-2028	41	8	higher	high	ADJ
ajfa-2028	41	9	growth	growth	NOUN
ajfa-2028	41	10	rate	rate	NOUN
ajfa-2028	41	11	and	and	CCONJ
ajfa-2028	41	12	lower	low	ADJ
ajfa-2028	41	13	strand	strand	NOUN
ajfa-2028	41	14	of	of	ADP
ajfa-2028	41	15	thought	thought	NOUN
ajfa-2028	41	16	in	in	ADP
ajfa-2028	41	17	the	the	DET
ajfa-2028	41	18	debt	debt	NOUN
ajfa-2028	41	19	–	–	PUNCT
ajfa-2028	41	20	growth	growth	NOUN
ajfa-2028	41	21	nexus	nexus	NOUN
ajfa-2028	41	22	sees	see	VERB
ajfa-2028	41	23	external	external	ADJ
ajfa-2028	41	24	debt	debt	NOUN
ajfa-2028	41	25	as	as	ADP
ajfa-2028	41	26	capital	capital	ADJ
ajfa-2028	41	27	inflow	inflow	NOUN
ajfa-2028	41	28	with	with	ADP
ajfa-2028	41	29	positive	positive	ADJ
ajfa-2028	41	30	effect	effect	NOUN
ajfa-2028	41	31	on	on	ADP
ajfa-2028	41	32	domestic	domestic	ADJ
ajfa-2028	41	33	savings	saving	NOUN
ajfa-2028	41	34	and	and	CCONJ
ajfa-2028	41	35	investment	investment	NOUN
ajfa-2028	41	36	and	and	CCONJ
ajfa-2028	41	37	thus	thus	ADV
ajfa-2028	41	38	on	on	ADP
ajfa-2028	41	39	growth	growth	NOUN
ajfa-2028	41	40	which	which	PRON
ajfa-2028	41	41	leads	lead	VERB
ajfa-2028	41	42	to	to	ADP
ajfa-2028	41	43	poverty	poverty	NOUN
ajfa-2028	41	44	reduction	reduction	NOUN
ajfa-2028	41	45	via	via	ADP
ajfa-2028	41	46	appropriate	appropriate	ADJ
ajfa-2028	41	47	targeting	targeting	NOUN
ajfa-2028	41	48	of	of	ADP
ajfa-2028	41	49	domestic	domestic	ADJ
ajfa-2028	41	50	savings	saving	NOUN
ajfa-2028	41	51	and	and	CCONJ
ajfa-2028	41	52	investment	investment	NOUN
ajfa-2028	41	53	(	(	PUNCT
ajfa-2028	41	54	calvo	calvo	NOUN
ajfa-2028	41	55	,	,	PUNCT
ajfa-2028	41	56	1998	1998	NUM
ajfa-2028	41	57	)	)	PUNCT
ajfa-2028	41	58	.	.	PUNCT
ajfa-2028	42	1	such	such	ADJ
ajfa-2028	42	2	foreign	foreign	ADJ
ajfa-2028	42	3	capital	capital	NOUN
ajfa-2028	42	4	inflows	inflow	NOUN
ajfa-2028	42	5	help	help	VERB
ajfa-2028	42	6	to	to	PART
ajfa-2028	42	7	finance	finance	VERB
ajfa-2028	42	8	a	a	DET
ajfa-2028	42	9	chronic	chronic	ADJ
ajfa-2028	42	10	shortfall	shortfall	NOUN
ajfa-2028	42	11	of	of	ADP
ajfa-2028	42	12	domestic	domestic	ADJ
ajfa-2028	42	13	savings	saving	NOUN
ajfa-2028	42	14	over	over	ADP
ajfa-2028	42	15	investment	investment	NOUN
ajfa-2028	42	16	,	,	PUNCT
ajfa-2028	42	17	the	the	DET
ajfa-2028	42	18	gap	gap	NOUN
ajfa-2028	42	19	in	in	ADP
ajfa-2028	42	20	the	the	DET
ajfa-2028	42	21	current	current	ADJ
ajfa-2028	42	22	account	account	NOUN
ajfa-2028	42	23	.	.	PUNCT
ajfa-2028	43	1	there	there	PRON
ajfa-2028	43	2	should	should	AUX
ajfa-2028	43	3	be	be	AUX
ajfa-2028	43	4	no	no	DET
ajfa-2028	43	5	problem	problem	NOUN
ajfa-2028	43	6	with	with	ADP
ajfa-2028	43	7	the	the	DET
ajfa-2028	43	8	theory	theory	NOUN
ajfa-2028	43	9	as	as	SCONJ
ajfa-2028	43	10	the	the	DET
ajfa-2028	43	11	funds	fund	NOUN
ajfa-2028	43	12	are	be	AUX
ajfa-2028	43	13	channeled	channel	VERB
ajfa-2028	43	14	into	into	ADP
ajfa-2028	43	15	production	production	NOUN
ajfa-2028	43	16	investment	investment	NOUN
ajfa-2028	43	17	which	which	PRON
ajfa-2028	43	18	allows	allow	VERB
ajfa-2028	43	19	the	the	DET
ajfa-2028	43	20	country	country	NOUN
ajfa-2028	43	21	to	to	PART
ajfa-2028	43	22	grow	grow	VERB
ajfa-2028	43	23	and	and	CCONJ
ajfa-2028	43	24	generate	generate	VERB
ajfa-2028	43	25	future	future	ADJ
ajfa-2028	43	26	export	export	NOUN
ajfa-2028	43	27	earnings	earning	NOUN
ajfa-2028	43	28	to	to	PART
ajfa-2028	43	29	repay	repay	VERB
ajfa-2028	43	30	the	the	DET
ajfa-2028	43	31	loan	loan	NOUN
ajfa-2028	43	32	.	.	PUNCT
ajfa-2028	44	1	profligacy	profligacy	NOUN
ajfa-2028	44	2	theory	theory	VERB
ajfa-2028	44	3	the	the	DET
ajfa-2028	44	4	profligacy	profligacy	NOUN
ajfa-2028	44	5	thesis	thesis	NOUN
ajfa-2028	44	6	attempts	attempt	VERB
ajfa-2028	44	7	to	to	PART
ajfa-2028	44	8	correct	correct	VERB
ajfa-2028	44	9	the	the	DET
ajfa-2028	44	10	weakness	weakness	NOUN
ajfa-2028	44	11	of	of	ADP
ajfa-2028	44	12	growth	growth	NOUN
ajfa-2028	44	13	–	–	PUNCT
ajfa-2028	44	14	cum	cum	NOUN
ajfa-2028	44	15	debt	debt	NOUN
ajfa-2028	44	16	theory	theory	NOUN
ajfa-2028	44	17	by	by	ADP
ajfa-2028	44	18	focusing	focus	VERB
ajfa-2028	44	19	on	on	ADP
ajfa-2028	44	20	the	the	DET
ajfa-2028	44	21	institutional	institutional	ADJ
ajfa-2028	44	22	arrangement	arrangement	NOUN
ajfa-2028	44	23	under	under	ADP
ajfa-2028	44	24	which	which	PRON
ajfa-2028	44	25	a	a	DET
ajfa-2028	44	26	loan	loan	NOUN
ajfa-2028	44	27	was	be	AUX
ajfa-2028	44	28	contracted	contract	VERB
ajfa-2028	44	29	.	.	PUNCT
ajfa-2028	45	1	the	the	DET
ajfa-2028	45	2	profligacy	profligacy	NOUN
ajfa-2028	45	3	thesis	thesis	NOUN
ajfa-2028	45	4	,	,	PUNCT
ajfa-2028	45	5	a	a	DET
ajfa-2028	45	6	component	component	NOUN
ajfa-2028	45	7	of	of	ADP
ajfa-2028	45	8	the	the	DET
ajfa-2028	45	9	system	system	NOUN
ajfa-2028	45	10	stability	stability	NOUN
ajfa-2028	45	11	theory	theory	NOUN
ajfa-2028	45	12	,	,	PUNCT
ajfa-2028	45	13	recognizes	recognize	VERB
ajfa-2028	45	14	that	that	SCONJ
ajfa-2028	45	15	the	the	DET
ajfa-2028	45	16	debt	debt	NOUN
ajfa-2028	45	17	crisis	crisis	NOUN
ajfa-2028	45	18	arose	arise	VERB
ajfa-2028	45	19	from	from	ADP
ajfa-2028	45	20	weak	weak	ADJ
ajfa-2028	45	21	institutions	institution	NOUN
ajfa-2028	45	22	and	and	CCONJ
ajfa-2028	45	23	policies	policy	NOUN
ajfa-2028	45	24	that	that	PRON
ajfa-2028	45	25	have	have	AUX
ajfa-2028	45	26	wasted	waste	VERB
ajfa-2028	45	27	resources	resource	NOUN
ajfa-2028	45	28	through	through	ADP
ajfa-2028	45	29	unbridled	unbridled	ADJ
ajfa-2028	45	30	official	official	ADJ
ajfa-2028	45	31	corruption	corruption	NOUN
ajfa-2028	45	32	and	and	CCONJ
ajfa-2028	45	33	damaged	damage	VERB
ajfa-2028	45	34	living	living	NOUN
ajfa-2028	45	35	standards	standard	NOUN
ajfa-2028	45	36	and	and	CCONJ
ajfa-2028	45	37	development	development	NOUN
ajfa-2028	45	38	.	.	PUNCT
ajfa-2028	46	1	these	these	DET
ajfa-2028	46	2	policies	policy	NOUN
ajfa-2028	46	3	led	lead	VERB
ajfa-2028	46	4	to	to	ADP
ajfa-2028	46	5	distortions	distortion	NOUN
ajfa-2028	46	6	in	in	ADP
ajfa-2028	46	7	relative	relative	ADJ
ajfa-2028	46	8	prices	price	NOUN
ajfa-2028	46	9	and	and	CCONJ
ajfa-2028	46	10	encouraged	encourage	VERB
ajfa-2028	46	11	capital	capital	NOUN
ajfa-2028	46	12	flights	flight	NOUN
ajfa-2028	46	13	–	–	PUNCT
ajfa-2028	46	14	as	as	SCONJ
ajfa-2028	46	15	seen	see	VERB
ajfa-2028	46	16	in	in	ADP
ajfa-2028	46	17	substantial	substantial	ADJ
ajfa-2028	46	18	external	external	ADJ
ajfa-2028	46	19	liquid	liquid	ADJ
ajfa-2028	46	20	funds	fund	NOUN
ajfa-2028	46	21	of	of	ADP
ajfa-2028	46	22	private	private	ADJ
ajfa-2028	46	23	citizens	citizen	NOUN
ajfa-2028	46	24	of	of	ADP
ajfa-2028	46	25	debtor	debtor	NOUN
ajfa-2028	46	26	countries	country	NOUN
ajfa-2028	46	27	in	in	ADP
ajfa-2028	46	28	foreign	foreign	ADJ
ajfa-2028	46	29	banks	bank	NOUN
ajfa-2028	46	30	.	.	PUNCT
ajfa-2028	47	1	(	(	PUNCT
ajfa-2028	47	2	nyong	nyong	NOUN
ajfa-2028	47	3	,	,	PUNCT
ajfa-2028	47	4	2005	2005	NUM
ajfa-2028	47	5	)	)	PUNCT
ajfa-2028	47	6	in	in	ADP
ajfa-2028	47	7	summary	summary	NOUN
ajfa-2028	47	8	,	,	PUNCT
ajfa-2028	47	9	many	many	ADJ
ajfa-2028	47	10	factors	factor	NOUN
ajfa-2028	47	11	are	be	AUX
ajfa-2028	47	12	identified	identify	VERB
ajfa-2028	47	13	as	as	ADP
ajfa-2028	47	14	responsible	responsible	ADJ
ajfa-2028	47	15	for	for	ADP
ajfa-2028	47	16	the	the	DET
ajfa-2028	47	17	dissonance	dissonance	NOUN
ajfa-2028	47	18	between	between	ADP
ajfa-2028	47	19	debt	debt	NOUN
ajfa-2028	47	20	and	and	CCONJ
ajfa-2028	47	21	growth	growth	NOUN
ajfa-2028	47	22	in	in	ADP
ajfa-2028	47	23	low	low	ADJ
ajfa-2028	47	24	income	income	NOUN
ajfa-2028	47	25	countries	country	NOUN
ajfa-2028	47	26	.	.	PUNCT
ajfa-2028	48	1	these	these	PRON
ajfa-2028	48	2	include	include	VERB
ajfa-2028	48	3	(	(	PUNCT
ajfa-2028	48	4	1	1	X
ajfa-2028	48	5	)	)	PUNCT
ajfa-2028	48	6	adverse	adverse	ADJ
ajfa-2028	48	7	terms	term	NOUN
ajfa-2028	48	8	of	of	ADP
ajfa-2028	48	9	trade	trade	NOUN
ajfa-2028	48	10	(	(	PUNCT
ajfa-2028	48	11	ii	ii	NOUN
ajfa-2028	48	12	)	)	PUNCT
ajfa-2028	48	13	waste	waste	NOUN
ajfa-2028	48	14	of	of	ADP
ajfa-2028	48	15	resources	resource	NOUN
ajfa-2028	48	16	due	due	ADP
ajfa-2028	48	17	to	to	ADP
ajfa-2028	48	18	policy	policy	NOUN
ajfa-2028	48	19	deficiencies	deficiency	NOUN
ajfa-2028	48	20	,	,	PUNCT
ajfa-2028	48	21	poor	poor	ADJ
ajfa-2028	48	22	governance	governance	NOUN
ajfa-2028	48	23	,	,	PUNCT
ajfa-2028	48	24	and	and	CCONJ
ajfa-2028	48	25	weak	weak	ADJ
ajfa-2028	48	26	institutions	institution	NOUN
ajfa-2028	48	27	in	in	ADP
ajfa-2028	48	28	public	public	ADJ
ajfa-2028	48	29	sector	sector	NOUN
ajfa-2028	48	30	dominated	dominate	VERB
ajfa-2028	48	31	economies	economy	NOUN
ajfa-2028	48	32	(	(	PUNCT
ajfa-2028	48	33	iii	iii	NOUN
ajfa-2028	48	34	)	)	PUNCT
ajfa-2028	48	35	inadequate	inadequate	ADJ
ajfa-2028	48	36	debt	debt	NOUN
ajfa-2028	48	37	management	management	NOUN
ajfa-2028	48	38	reflected	reflect	VERB
ajfa-2028	48	39	in	in	ADP
ajfa-2028	48	40	unrestrained	unrestrained	ADJ
ajfa-2028	48	41	borrowing	borrowing	NOUN
ajfa-2028	48	42	at	at	ADP
ajfa-2028	48	43	unfavorable	unfavorable	ADJ
ajfa-2028	48	44	terms	term	NOUN
ajfa-2028	48	45	.	.	PUNCT
ajfa-2028	49	1	(	(	PUNCT
ajfa-2028	49	2	iv	iv	X
ajfa-2028	49	3	)	)	PUNCT
ajfa-2028	49	4	non	non	ADJ
ajfa-2028	49	5	-	-	ADJ
ajfa-2028	49	6	concessional	concessional	ADJ
ajfa-2028	49	7	lending	lending	NOUN
ajfa-2028	49	8	and	and	CCONJ
ajfa-2028	49	9	in	in	ADP
ajfa-2028	49	10	financing	financing	NOUN
ajfa-2028	49	11	policies	policy	NOUN
ajfa-2028	49	12	motivated	motivate	VERB
ajfa-2028	49	13	in	in	ADP
ajfa-2028	49	14	part	part	NOUN
ajfa-2028	49	15	by	by	ADP
ajfa-2028	49	16	the	the	DET
ajfa-2028	49	17	desire	desire	NOUN
ajfa-2028	49	18	of	of	ADP
ajfa-2028	49	19	lenders	lender	NOUN
ajfa-2028	49	20	to	to	PART
ajfa-2028	49	21	promote	promote	VERB
ajfa-2028	49	22	their	their	PRON
ajfa-2028	49	23	own	own	ADJ
ajfa-2028	49	24	exports	export	NOUN
ajfa-2028	49	25	(	(	PUNCT
ajfa-2028	49	26	stephens	stephen	NOUN
ajfa-2028	49	27	,	,	PUNCT
ajfa-2028	49	28	1999	1999	NUM
ajfa-2028	49	29	)	)	PUNCT
ajfa-2028	49	30	(	(	PUNCT
ajfa-2028	49	31	v	v	NOUN
ajfa-2028	49	32	)	)	PUNCT
ajfa-2028	49	33	political	political	ADJ
ajfa-2028	49	34	factors	factor	NOUN
ajfa-2028	49	35	such	such	ADJ
ajfa-2028	49	36	as	as	ADP
ajfa-2028	49	37	social	social	ADJ
ajfa-2028	49	38	strive	strive	NOUN
ajfa-2028	49	39	or	or	CCONJ
ajfa-2028	49	40	tension	tension	NOUN
ajfa-2028	49	41	with	with	ADP
ajfa-2028	49	42	devastating	devastating	ADJ
ajfa-2028	49	43	economic	economic	ADJ
ajfa-2028	49	44	consequences	consequence	NOUN
ajfa-2028	49	45	nyong	nyong	VERB
ajfa-2028	49	46	,	,	PUNCT
ajfa-2028	49	47	2005	2005	NUM
ajfa-2028	49	48	)	)	PUNCT
ajfa-2028	49	49	.	.	PUNCT
ajfa-2028	50	1	asian	asian	ADJ
ajfa-2028	50	2	journal	journal	PROPN
ajfa-2028	50	3	of	of	ADP
ajfa-2028	50	4	finance	finance	PROPN
ajfa-2028	50	5	&	&	CCONJ
ajfa-2028	50	6	accounting	accounting	PROPN
ajfa-2028	50	7	issn	issn	PROPN
ajfa-2028	50	8	1946	1946	NUM
ajfa-2028	50	9	-	-	PUNCT
ajfa-2028	50	10	052x	052x	NOUN
ajfa-2028	50	11	2012	2012	NUM
ajfa-2028	50	12	,	,	PUNCT
ajfa-2028	50	13	vol	vol	NOUN
ajfa-2028	50	14	.	.	PROPN
ajfa-2028	50	15	4	4	NUM
ajfa-2028	50	16	,	,	PUNCT
ajfa-2028	50	17	no	no	INTJ
ajfa-2028	50	18	.	.	NOUN
ajfa-2028	50	19	2	2	NUM
ajfa-2028	50	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2028	50	21	234	234	NUM
ajfa-2028	50	22	conceptual	conceptual	ADJ
ajfa-2028	50	23	issues	issue	NOUN
ajfa-2028	50	24	on	on	ADP
ajfa-2028	50	25	public	public	ADJ
ajfa-2028	50	26	debt	debt	NOUN
ajfa-2028	50	27	when	when	SCONJ
ajfa-2028	50	28	the	the	DET
ajfa-2028	50	29	government	government	NOUN
ajfa-2028	50	30	spends	spend	VERB
ajfa-2028	50	31	more	more	ADJ
ajfa-2028	50	32	than	than	SCONJ
ajfa-2028	50	33	it	it	PRON
ajfa-2028	50	34	receives	receive	VERB
ajfa-2028	50	35	which	which	PRON
ajfa-2028	50	36	results	result	NOUN
ajfa-2028	50	37	in	in	ADP
ajfa-2028	50	38	the	the	DET
ajfa-2028	50	39	use	use	NOUN
ajfa-2028	50	40	of	of	ADP
ajfa-2028	50	41	some	some	DET
ajfa-2028	50	42	sort	sort	NOUN
ajfa-2028	50	43	of	of	ADP
ajfa-2028	50	44	security	security	NOUN
ajfa-2028	50	45	to	to	PART
ajfa-2028	50	46	cover	cover	VERB
ajfa-2028	50	47	the	the	DET
ajfa-2028	50	48	deficiency	deficiency	NOUN
ajfa-2028	50	49	which	which	PRON
ajfa-2028	50	50	normally	normally	ADV
ajfa-2028	50	51	lead	lead	VERB
ajfa-2028	50	52	external	external	ADJ
ajfa-2028	50	53	debt	debt	NOUN
ajfa-2028	50	54	as	as	ADP
ajfa-2028	50	55	source	source	NOUN
ajfa-2028	50	56	of	of	ADP
ajfa-2028	50	57	fund	fund	NOUN
ajfa-2028	50	58	.	.	PUNCT
ajfa-2028	51	1	the	the	DET
ajfa-2028	51	2	aggregate	aggregate	NOUN
ajfa-2028	51	3	of	of	ADP
ajfa-2028	51	4	securities	security	NOUN
ajfa-2028	51	5	over	over	ADP
ajfa-2028	51	6	timeless	timeless	ADJ
ajfa-2028	51	7	redemption	redemption	NOUN
ajfa-2028	51	8	is	be	AUX
ajfa-2028	51	9	called	call	VERB
ajfa-2028	51	10	the	the	DET
ajfa-2028	51	11	national	national	ADJ
ajfa-2028	51	12	debt	debt	NOUN
ajfa-2028	51	13	(	(	PUNCT
ajfa-2028	51	14	ajayi	ajayi	NOUN
ajfa-2028	51	15	,	,	PUNCT
ajfa-2028	51	16	1991	1991	NUM
ajfa-2028	51	17	)	)	PUNCT
ajfa-2028	51	18	.	.	PUNCT
ajfa-2028	52	1	the	the	DET
ajfa-2028	52	2	fore	fore	NOUN
ajfa-2028	52	3	-	-	PUNCT
ajfa-2028	52	4	going	go	VERB
ajfa-2028	52	5	statement	statement	NOUN
ajfa-2028	52	6	points	point	VERB
ajfa-2028	52	7	to	to	ADP
ajfa-2028	52	8	the	the	DET
ajfa-2028	52	9	fact	fact	NOUN
ajfa-2028	52	10	that	that	SCONJ
ajfa-2028	52	11	government	government	NOUN
ajfa-2028	52	12	accumulates	accumulate	VERB
ajfa-2028	52	13	debt	debt	NOUN
ajfa-2028	52	14	simply	simply	ADV
ajfa-2028	52	15	by	by	ADP
ajfa-2028	52	16	running	run	VERB
ajfa-2028	52	17	deficits	deficit	NOUN
ajfa-2028	52	18	through	through	ADP
ajfa-2028	52	19	borrowing	borrow	VERB
ajfa-2028	52	20	on	on	ADP
ajfa-2028	52	21	the	the	DET
ajfa-2028	52	22	distribution	distribution	NOUN
ajfa-2028	52	23	of	of	ADP
ajfa-2028	52	24	such	such	ADJ
ajfa-2028	52	25	securities	security	NOUN
ajfa-2028	52	26	.	.	PUNCT
ajfa-2028	53	1	also	also	ADV
ajfa-2028	53	2	,	,	PUNCT
ajfa-2028	53	3	national	national	ADJ
ajfa-2028	53	4	debt	debt	NOUN
ajfa-2028	53	5	consists	consist	VERB
ajfa-2028	53	6	of	of	ADP
ajfa-2028	53	7	all	all	DET
ajfa-2028	53	8	securities	security	NOUN
ajfa-2028	53	9	issued	issue	VERB
ajfa-2028	53	10	by	by	ADP
ajfa-2028	53	11	the	the	DET
ajfa-2028	53	12	federal	federal	ADJ
ajfa-2028	53	13	government	government	NOUN
ajfa-2028	53	14	and	and	CCONJ
ajfa-2028	53	15	held	hold	VERB
ajfa-2028	53	16	by	by	ADP
ajfa-2028	53	17	the	the	DET
ajfa-2028	53	18	central	central	ADJ
ajfa-2028	53	19	bank	bank	PROPN
ajfa-2028	53	20	of	of	ADP
ajfa-2028	53	21	nigeria	nigeria	PROPN
ajfa-2028	53	22	,	,	PUNCT
ajfa-2028	53	23	individual	individual	ADJ
ajfa-2028	53	24	and	and	CCONJ
ajfa-2028	53	25	foreigners	foreigner	NOUN
ajfa-2028	53	26	,	,	PUNCT
ajfa-2028	53	27	government	government	NOUN
ajfa-2028	53	28	agencies	agency	NOUN
ajfa-2028	53	29	and	and	CCONJ
ajfa-2028	53	30	trust	trust	NOUN
ajfa-2028	53	31	funds	fund	NOUN
ajfa-2028	53	32	,	,	PUNCT
ajfa-2028	53	33	private	private	ADJ
ajfa-2028	53	34	sector	sector	NOUN
ajfa-2028	53	35	as	as	ADV
ajfa-2028	53	36	well	well	ADV
ajfa-2028	53	37	as	as	ADP
ajfa-2028	53	38	those	those	PRON
ajfa-2028	53	39	held	hold	VERB
ajfa-2028	53	40	by	by	ADP
ajfa-2028	53	41	commercial	commercial	ADJ
ajfa-2028	53	42	banks	bank	NOUN
ajfa-2028	53	43	.	.	PUNCT
ajfa-2028	54	1	on	on	ADP
ajfa-2028	54	2	the	the	DET
ajfa-2028	54	3	concept	concept	NOUN
ajfa-2028	54	4	of	of	ADP
ajfa-2028	54	5	debt	debt	NOUN
ajfa-2028	54	6	burden	burden	NOUN
ajfa-2028	54	7	,	,	PUNCT
ajfa-2028	54	8	cohen	cohen	PROPN
ajfa-2028	54	9	(	(	PUNCT
ajfa-2028	54	10	1992	1992	NUM
ajfa-2028	54	11	)	)	PUNCT
ajfa-2028	54	12	posited	posit	VERB
ajfa-2028	54	13	that	that	SCONJ
ajfa-2028	54	14	external	external	ADJ
ajfa-2028	54	15	debt	debt	NOUN
ajfa-2028	54	16	does	do	AUX
ajfa-2028	54	17	not	not	PART
ajfa-2028	54	18	constitute	constitute	VERB
ajfa-2028	54	19	a	a	DET
ajfa-2028	54	20	burden	burden	NOUN
ajfa-2028	54	21	when	when	SCONJ
ajfa-2028	54	22	contracted	contract	VERB
ajfa-2028	54	23	loans	loan	NOUN
ajfa-2028	54	24	are	be	AUX
ajfa-2028	54	25	optimally	optimally	ADV
ajfa-2028	54	26	deployed	deploy	VERB
ajfa-2028	54	27	and	and	CCONJ
ajfa-2028	54	28	the	the	DET
ajfa-2028	54	29	returns	return	NOUN
ajfa-2028	54	30	on	on	ADP
ajfa-2028	54	31	investment	investment	NOUN
ajfa-2028	54	32	is	be	AUX
ajfa-2028	54	33	enough	enough	ADJ
ajfa-2028	54	34	to	to	PART
ajfa-2028	54	35	meet	meet	VERB
ajfa-2028	54	36	maturing	mature	VERB
ajfa-2028	54	37	obligations	obligation	NOUN
ajfa-2028	54	38	,	,	PUNCT
ajfa-2028	54	39	while	while	SCONJ
ajfa-2028	54	40	the	the	DET
ajfa-2028	54	41	surviving	surviving	NOUN
ajfa-2028	54	42	of	of	ADP
ajfa-2028	54	43	the	the	DET
ajfa-2028	54	44	domestic	domestic	ADJ
ajfa-2028	54	45	economy	economy	NOUN
ajfa-2028	54	46	is	be	AUX
ajfa-2028	54	47	not	not	PART
ajfa-2028	54	48	undermined	undermined	ADJ
ajfa-2028	54	49	.	.	PUNCT
ajfa-2028	55	1	he	he	PRON
ajfa-2028	55	2	added	add	VERB
ajfa-2028	55	3	that	that	SCONJ
ajfa-2028	55	4	where	where	SCONJ
ajfa-2028	55	5	the	the	DET
ajfa-2028	55	6	reverse	reverse	NOUN
ajfa-2028	55	7	is	be	AUX
ajfa-2028	55	8	the	the	DET
ajfa-2028	55	9	case	case	NOUN
ajfa-2028	55	10	,	,	PUNCT
ajfa-2028	55	11	then	then	ADV
ajfa-2028	55	12	a	a	DET
ajfa-2028	55	13	debt	debt	NOUN
ajfa-2028	55	14	service	service	NOUN
ajfa-2028	55	15	burden	burden	NOUN
ajfa-2028	55	16	will	will	AUX
ajfa-2028	55	17	emerge	emerge	VERB
ajfa-2028	55	18	.	.	PUNCT
ajfa-2028	56	1	to	to	PART
ajfa-2028	56	2	properly	properly	ADV
ajfa-2028	56	3	gauge	gauge	VERB
ajfa-2028	56	4	the	the	DET
ajfa-2028	56	5	gravity	gravity	NOUN
ajfa-2028	56	6	of	of	ADP
ajfa-2028	56	7	debt	debt	NOUN
ajfa-2028	56	8	burden	burden	NOUN
ajfa-2028	56	9	on	on	ADP
ajfa-2028	56	10	nigerian	nigerian	ADJ
ajfa-2028	56	11	economy	economy	NOUN
ajfa-2028	56	12	,	,	PUNCT
ajfa-2028	56	13	anyanwu	anyanwu	PROPN
ajfa-2028	56	14	(	(	PUNCT
ajfa-2028	56	15	1997	1997	NUM
ajfa-2028	56	16	)	)	PUNCT
ajfa-2028	56	17	argues	argue	VERB
ajfa-2028	56	18	that	that	SCONJ
ajfa-2028	56	19	neither	neither	CCONJ
ajfa-2028	56	20	the	the	DET
ajfa-2028	56	21	overall	overall	ADJ
ajfa-2028	56	22	level	level	NOUN
ajfa-2028	56	23	of	of	ADP
ajfa-2028	56	24	indebtedness	indebtedness	NOUN
ajfa-2028	56	25	nor	nor	CCONJ
ajfa-2028	56	26	the	the	DET
ajfa-2028	56	27	aggregate	aggregate	ADJ
ajfa-2028	56	28	level	level	NOUN
ajfa-2028	56	29	of	of	ADP
ajfa-2028	56	30	debt	debt	NOUN
ajfa-2028	56	31	service	service	NOUN
ajfa-2028	56	32	payment	payment	NOUN
ajfa-2028	56	33	is	be	AUX
ajfa-2028	56	34	an	an	DET
ajfa-2028	56	35	adequate	adequate	ADJ
ajfa-2028	56	36	measure	measure	NOUN
ajfa-2028	56	37	of	of	ADP
ajfa-2028	56	38	a	a	DET
ajfa-2028	56	39	region	region	NOUN
ajfa-2028	56	40	or	or	CCONJ
ajfa-2028	56	41	country	country	NOUN
ajfa-2028	56	42	’s	’s	PART
ajfa-2028	56	43	problem	problem	NOUN
ajfa-2028	56	44	.	.	PUNCT
ajfa-2028	57	1	he	he	PRON
ajfa-2028	57	2	suggested	suggest	VERB
ajfa-2028	57	3	that	that	SCONJ
ajfa-2028	57	4	they	they	PRON
ajfa-2028	57	5	should	should	AUX
ajfa-2028	57	6	be	be	AUX
ajfa-2028	57	7	used	use	VERB
ajfa-2028	57	8	in	in	ADP
ajfa-2028	57	9	combination	combination	NOUN
ajfa-2028	57	10	with	with	ADP
ajfa-2028	57	11	other	other	ADJ
ajfa-2028	57	12	debt	debt	NOUN
ajfa-2028	57	13	indicators	indicator	NOUN
ajfa-2028	57	14	to	to	PART
ajfa-2028	57	15	get	get	VERB
ajfa-2028	57	16	a	a	DET
ajfa-2028	57	17	more	more	ADV
ajfa-2028	57	18	accurate	accurate	ADJ
ajfa-2028	57	19	picture	picture	NOUN
ajfa-2028	57	20	of	of	ADP
ajfa-2028	57	21	the	the	DET
ajfa-2028	57	22	situation	situation	NOUN
ajfa-2028	57	23	.	.	PUNCT
ajfa-2028	58	1	according	accord	VERB
ajfa-2028	58	2	to	to	ADP
ajfa-2028	58	3	nzotta	nzotta	PROPN
ajfa-2028	58	4	(	(	PUNCT
ajfa-2028	58	5	2004	2004	NUM
ajfa-2028	58	6	)	)	PUNCT
ajfa-2028	58	7	,	,	PUNCT
ajfa-2028	58	8	these	these	DET
ajfa-2028	58	9	other	other	ADJ
ajfa-2028	58	10	indicators	indicator	NOUN
ajfa-2028	58	11	include	include	VERB
ajfa-2028	58	12	:	:	PUNCT
ajfa-2028	58	13	the	the	DET
ajfa-2028	58	14	external	external	ADJ
ajfa-2028	58	15	debt	debt	NOUN
ajfa-2028	58	16	of	of	ADP
ajfa-2028	58	17	gdp	gdp	NOUN
ajfa-2028	58	18	ratio	ratio	NOUN
ajfa-2028	58	19	of	of	ADP
ajfa-2028	58	20	debt	debt	NOUN
ajfa-2028	58	21	service	service	NOUN
ajfa-2028	58	22	to	to	ADP
ajfa-2028	58	23	federally	federally	ADV
ajfa-2028	58	24	collected	collect	VERB
ajfa-2028	58	25	revenue	revenue	NOUN
ajfa-2028	58	26	,	,	PUNCT
ajfa-2028	58	27	the	the	DET
ajfa-2028	58	28	ratio	ratio	NOUN
ajfa-2028	58	29	of	of	ADP
ajfa-2028	58	30	interest	interest	NOUN
ajfa-2028	58	31	payments	payment	NOUN
ajfa-2028	58	32	to	to	ADP
ajfa-2028	58	33	debt	debt	NOUN
ajfa-2028	58	34	stock	stock	NOUN
ajfa-2028	58	35	,	,	PUNCT
ajfa-2028	58	36	and	and	CCONJ
ajfa-2028	58	37	the	the	DET
ajfa-2028	58	38	ratio	ratio	NOUN
ajfa-2028	58	39	of	of	ADP
ajfa-2028	58	40	outstanding	outstanding	ADJ
ajfa-2028	58	41	debt	debt	NOUN
ajfa-2028	58	42	stock	stock	NOUN
ajfa-2028	58	43	to	to	ADP
ajfa-2028	58	44	gdp	gdp	PROPN
ajfa-2028	58	45	.	.	PUNCT
ajfa-2028	59	1	these	these	DET
ajfa-2028	59	2	indicators	indicator	NOUN
ajfa-2028	59	3	according	accord	VERB
ajfa-2028	59	4	to	to	ADP
ajfa-2028	59	5	him	he	PRON
ajfa-2028	59	6	show	show	VERB
ajfa-2028	59	7	the	the	DET
ajfa-2028	59	8	degree	degree	NOUN
ajfa-2028	59	9	of	of	ADP
ajfa-2028	59	10	the	the	DET
ajfa-2028	59	11	severity	severity	NOUN
ajfa-2028	59	12	or	or	CCONJ
ajfa-2028	59	13	intensity	intensity	NOUN
ajfa-2028	59	14	of	of	ADP
ajfa-2028	59	15	external	external	ADJ
ajfa-2028	59	16	debt	debt	NOUN
ajfa-2028	59	17	burden	burden	NOUN
ajfa-2028	59	18	.	.	PUNCT
ajfa-2028	60	1	nzotta	nzotta	NOUN
ajfa-2028	60	2	(	(	PUNCT
ajfa-2028	60	3	2004	2004	NUM
ajfa-2028	60	4	)	)	PUNCT
ajfa-2028	60	5	described	describe	VERB
ajfa-2028	60	6	debt	debt	NOUN
ajfa-2028	60	7	service	service	NOUN
ajfa-2028	60	8	burden	burden	NOUN
ajfa-2028	60	9	as	as	SCONJ
ajfa-2028	60	10	the	the	DET
ajfa-2028	60	11	weight	weight	NOUN
ajfa-2028	60	12	of	of	ADP
ajfa-2028	60	13	debt	debt	NOUN
ajfa-2028	60	14	service	service	NOUN
ajfa-2028	60	15	payment	payment	NOUN
ajfa-2028	60	16	relative	relative	ADJ
ajfa-2028	60	17	to	to	ADP
ajfa-2028	60	18	the	the	DET
ajfa-2028	60	19	proportion	proportion	NOUN
ajfa-2028	60	20	of	of	ADP
ajfa-2028	60	21	national	national	ADJ
ajfa-2028	60	22	income	income	NOUN
ajfa-2028	60	23	devoted	devote	VERB
ajfa-2028	60	24	to	to	ADP
ajfa-2028	60	25	servicing	servicing	NOUN
ajfa-2028	60	26	of	of	ADP
ajfa-2028	60	27	economy	economy	NOUN
ajfa-2028	60	28	.	.	PUNCT
ajfa-2028	61	1	they	they	PRON
ajfa-2028	61	2	concluded	conclude	VERB
ajfa-2028	61	3	that	that	SCONJ
ajfa-2028	61	4	debt	debt	NOUN
ajfa-2028	61	5	service	service	NOUN
ajfa-2028	61	6	problem	problem	NOUN
ajfa-2028	61	7	would	would	AUX
ajfa-2028	61	8	arise	arise	VERB
ajfa-2028	61	9	when	when	SCONJ
ajfa-2028	61	10	maturing	mature	VERB
ajfa-2028	61	11	obligations	obligation	NOUN
ajfa-2028	61	12	can	can	AUX
ajfa-2028	61	13	not	not	PART
ajfa-2028	61	14	be	be	AUX
ajfa-2028	61	15	redeemed	redeem	VERB
ajfa-2028	61	16	owing	owe	VERB
ajfa-2028	61	17	to	to	ADP
ajfa-2028	61	18	either	either	CCONJ
ajfa-2028	61	19	bad	bad	ADJ
ajfa-2028	61	20	leadership	leadership	NOUN
ajfa-2028	61	21	or	or	CCONJ
ajfa-2028	61	22	insolvency	insolvency	NOUN
ajfa-2028	61	23	problem	problem	NOUN
ajfa-2028	61	24	.	.	PUNCT
ajfa-2028	62	1	nigerian	nigerian	ADJ
ajfa-2028	62	2	public	public	ADJ
ajfa-2028	62	3	debt	debt	NOUN
ajfa-2028	62	4	various	various	ADJ
ajfa-2028	62	5	approaches	approach	NOUN
ajfa-2028	62	6	have	have	AUX
ajfa-2028	62	7	been	be	AUX
ajfa-2028	62	8	adopted	adopt	VERB
ajfa-2028	62	9	towards	towards	ADP
ajfa-2028	62	10	making	make	VERB
ajfa-2028	62	11	public	public	ADJ
ajfa-2028	62	12	debt	debt	NOUN
ajfa-2028	62	13	sustainable	sustainable	ADJ
ajfa-2028	62	14	.	.	PUNCT
ajfa-2028	63	1	under	under	ADP
ajfa-2028	63	2	the	the	DET
ajfa-2028	63	3	structural	structural	ADJ
ajfa-2028	63	4	adjustment	adjustment	NOUN
ajfa-2028	63	5	programme	programme	NOUN
ajfa-2028	63	6	(	(	PUNCT
ajfa-2028	63	7	sap	sap	PROPN
ajfa-2028	63	8	)	)	PUNCT
ajfa-2028	63	9	,	,	PUNCT
ajfa-2028	63	10	nigeria	nigeria	PROPN
ajfa-2028	63	11	adopted	adopt	VERB
ajfa-2028	63	12	the	the	DET
ajfa-2028	63	13	following	follow	VERB
ajfa-2028	63	14	strategies	strategy	NOUN
ajfa-2028	63	15	to	to	PART
ajfa-2028	63	16	ameliorate	ameliorate	VERB
ajfa-2028	63	17	domestic	domestic	ADJ
ajfa-2028	63	18	debt	debt	NOUN
ajfa-2028	63	19	:	:	PUNCT
ajfa-2028	63	20	acquisition	acquisition	NOUN
ajfa-2028	63	21	of	of	ADP
ajfa-2028	63	22	domestic	domestic	ADJ
ajfa-2028	63	23	debt	debt	NOUN
ajfa-2028	63	24	,	,	PUNCT
ajfa-2028	63	25	restructuring	restructuring	NOUN
ajfa-2028	63	26	of	of	ADP
ajfa-2028	63	27	domestic	domestic	ADJ
ajfa-2028	63	28	debt	debt	NOUN
ajfa-2028	63	29	,	,	PUNCT
ajfa-2028	63	30	and	and	CCONJ
ajfa-2028	63	31	servicing	servicing	NOUN
ajfa-2028	63	32	of	of	ADP
ajfa-2028	63	33	domestic	domestic	ADJ
ajfa-2028	63	34	debt	debt	NOUN
ajfa-2028	63	35	.	.	PUNCT
ajfa-2028	64	1	on	on	ADP
ajfa-2028	64	2	the	the	DET
ajfa-2028	64	3	external	external	ADJ
ajfa-2028	64	4	front	front	NOUN
ajfa-2028	64	5	,	,	PUNCT
ajfa-2028	64	6	the	the	DET
ajfa-2028	64	7	following	follow	VERB
ajfa-2028	64	8	strategies	strategy	NOUN
ajfa-2028	64	9	were	be	AUX
ajfa-2028	64	10	employed	employ	VERB
ajfa-2028	64	11	:	:	PUNCT
ajfa-2028	64	12	embargo	embargo	NOUN
ajfa-2028	64	13	on	on	ADP
ajfa-2028	64	14	new	new	ADJ
ajfa-2028	64	15	loans	loan	NOUN
ajfa-2028	64	16	,	,	PUNCT
ajfa-2028	64	17	limit	limit	NOUN
ajfa-2028	64	18	on	on	ADP
ajfa-2028	64	19	debt	debt	NOUN
ajfa-2028	64	20	servicing	servicing	NOUN
ajfa-2028	64	21	payments	payment	NOUN
ajfa-2028	64	22	(	(	PUNCT
ajfa-2028	64	23	maximum	maximum	NOUN
ajfa-2028	64	24	30	30	NUM
ajfa-2028	64	25	%	%	NOUN
ajfa-2028	64	26	of	of	ADP
ajfa-2028	64	27	export	export	NOUN
ajfa-2028	64	28	earnings	earning	NOUN
ajfa-2028	64	29	)	)	PUNCT
ajfa-2028	64	30	;	;	PUNCT
ajfa-2028	65	1	debt	debt	NOUN
ajfa-2028	65	2	restructuring	restructure	VERB
ajfa-2028	65	3	through	through	ADP
ajfa-2028	65	4	refinancing	refinancing	NOUN
ajfa-2028	65	5	,	,	PUNCT
ajfa-2028	65	6	rescheduling	rescheduling	NOUN
ajfa-2028	65	7	,	,	PUNCT
ajfa-2028	65	8	buyback	buyback	NOUN
ajfa-2028	65	9	,	,	PUNCT
ajfa-2028	65	10	issuance	issuance	NOUN
ajfa-2028	65	11	of	of	ADP
ajfa-2028	65	12	collateralized	collateralized	ADJ
ajfa-2028	65	13	bonds	bond	NOUN
ajfa-2028	65	14	,	,	PUNCT
ajfa-2028	65	15	and	and	CCONJ
ajfa-2028	65	16	the	the	DET
ajfa-2028	65	17	provision	provision	NOUN
ajfa-2028	65	18	of	of	ADP
ajfa-2028	65	19	new	new	ADJ
ajfa-2028	65	20	money	money	NOUN
ajfa-2028	65	21	,	,	PUNCT
ajfa-2028	65	22	and	and	CCONJ
ajfa-2028	65	23	debt	debt	NOUN
ajfa-2028	65	24	conversion	conversion	NOUN
ajfa-2028	65	25	schemes	scheme	NOUN
ajfa-2028	65	26	.	.	PUNCT
ajfa-2028	66	1	in	in	ADP
ajfa-2028	66	2	spite	spite	NOUN
ajfa-2028	66	3	of	of	ADP
ajfa-2028	66	4	these	these	DET
ajfa-2028	66	5	and	and	CCONJ
ajfa-2028	66	6	international	international	ADJ
ajfa-2028	66	7	debt	debt	NOUN
ajfa-2028	66	8	reduction	reduction	NOUN
ajfa-2028	66	9	strategies	strategy	NOUN
ajfa-2028	66	10	such	such	ADJ
ajfa-2028	66	11	as	as	ADP
ajfa-2028	66	12	the	the	DET
ajfa-2028	66	13	baker	baker	PROPN
ajfa-2028	66	14	plan	plan	PROPN
ajfa-2028	66	15	(	(	PUNCT
ajfa-2028	66	16	1985	1985	NUM
ajfa-2028	66	17	)	)	PUNCT
ajfa-2028	66	18	,	,	PUNCT
ajfa-2028	66	19	the	the	DET
ajfa-2028	66	20	paris	paris	PROPN
ajfa-2028	66	21	club	club	NOUN
ajfa-2028	66	22	plan	plan	NOUN
ajfa-2028	66	23	(	(	PUNCT
ajfa-2028	66	24	1987	1987	NUM
ajfa-2028	66	25	)	)	PUNCT
ajfa-2028	66	26	,	,	PUNCT
ajfa-2028	66	27	the	the	DET
ajfa-2028	66	28	africa	africa	PROPN
ajfa-2028	66	29	development	development	PROPN
ajfa-2028	66	30	bank	bank	PROPN
ajfa-2028	66	31	(	(	PUNCT
ajfa-2028	66	32	adp	adp	PROPN
ajfa-2028	66	33	)	)	PUNCT
ajfa-2028	66	34	plan	plan	NOUN
ajfa-2028	66	35	.	.	PUNCT
ajfa-2028	67	1	the	the	DET
ajfa-2028	67	2	brady	brady	PROPN
ajfa-2028	67	3	plan	plan	PROPN
ajfa-2028	67	4	(	(	PUNCT
ajfa-2028	67	5	1989	1989	NUM
ajfa-2028	67	6	)	)	PUNCT
ajfa-2028	67	7	,	,	PUNCT
ajfa-2028	67	8	the	the	DET
ajfa-2028	67	9	imf	imf	PROPN
ajfa-2028	67	10	facilities	facility	NOUN
ajfa-2028	67	11	(	(	PUNCT
ajfa-2028	67	12	structural	structural	ADJ
ajfa-2028	67	13	adjustment	adjustment	NOUN
ajfa-2028	67	14	facility	facility	NOUN
ajfa-2028	67	15	,	,	PUNCT
ajfa-2028	67	16	external	external	ADJ
ajfa-2028	67	17	fund	fund	NOUN
ajfa-2028	67	18	facility	facility	NOUN
ajfa-2028	67	19	,	,	PUNCT
ajfa-2028	67	20	the	the	DET
ajfa-2028	67	21	enlarged	enlarged	ADJ
ajfa-2028	67	22	access	access	NOUN
ajfa-2028	67	23	policy	policy	NOUN
ajfa-2028	67	24	,	,	PUNCT
ajfa-2028	67	25	the	the	DET
ajfa-2028	67	26	enhanced	enhanced	ADJ
ajfa-2028	67	27	structural	structural	ADJ
ajfa-2028	67	28	adjustment	adjustment	NOUN
ajfa-2028	67	29	facility	facility	NOUN
ajfa-2028	67	30	,	,	PUNCT
ajfa-2028	67	31	and	and	CCONJ
ajfa-2028	67	32	compensatory	compensatory	ADJ
ajfa-2028	67	33	and	and	CCONJ
ajfa-2028	67	34	contingency	contingency	NOUN
ajfa-2028	67	35	financing	financing	NOUN
ajfa-2028	67	36	facility	facility	NOUN
ajfa-2028	67	37	have	have	AUX
ajfa-2028	67	38	not	not	PART
ajfa-2028	67	39	change	change	VERB
ajfa-2028	67	40	the	the	DET
ajfa-2028	67	41	picture	picture	NOUN
ajfa-2028	67	42	from	from	ADP
ajfa-2028	67	43	what	what	PRON
ajfa-2028	67	44	it	it	PRON
ajfa-2028	67	45	used	use	VERB
ajfa-2028	67	46	to	to	PART
ajfa-2028	67	47	be	be	AUX
ajfa-2028	67	48	for	for	ADP
ajfa-2028	67	49	mostly	mostly	ADV
ajfa-2028	67	50	africa	africa	PROPN
ajfa-2028	67	51	countries	country	NOUN
ajfa-2028	67	52	.	.	PUNCT
ajfa-2028	68	1	despite	despite	SCONJ
ajfa-2028	68	2	the	the	DET
ajfa-2028	68	3	world	world	PROPN
ajfa-2028	68	4	bank	bank	PROPN
ajfa-2028	68	5	facilities	facility	NOUN
ajfa-2028	68	6	(	(	PUNCT
ajfa-2028	68	7	structural	structural	ADJ
ajfa-2028	68	8	adjusted	adjusted	ADJ
ajfa-2028	68	9	lending	lending	NOUN
ajfa-2028	68	10	,	,	PUNCT
ajfa-2028	68	11	the	the	DET
ajfa-2028	68	12	reduction	reduction	NOUN
ajfa-2028	68	13	facility	facility	NOUN
ajfa-2028	68	14	,	,	PUNCT
ajfa-2028	68	15	the	the	DET
ajfa-2028	68	16	special	special	ADJ
ajfa-2028	68	17	programme	programme	NOUN
ajfa-2028	68	18	of	of	ADP
ajfa-2028	68	19	assistance	assistance	NOUN
ajfa-2028	68	20	and	and	CCONJ
ajfa-2028	68	21	the	the	DET
ajfa-2028	68	22	trade	trade	NOUN
ajfa-2028	68	23	investment	investment	NOUN
ajfa-2028	68	24	and	and	CCONJ
ajfa-2028	68	25	policy	policy	NOUN
ajfa-2028	68	26	loan	loan	NOUN
ajfa-2028	68	27	)	)	PUNCT
ajfa-2028	68	28	,	,	PUNCT
ajfa-2028	68	29	toronto	toronto	PROPN
ajfa-2028	68	30	and	and	CCONJ
ajfa-2028	68	31	trinidad	trinidad	PROPN
ajfa-2028	68	32	terms	term	NOUN
ajfa-2028	68	33	enhanced	enhance	VERB
ajfa-2028	68	34	toronto	toronto	PROPN
ajfa-2028	68	35	terms	term	NOUN
ajfa-2028	68	36	,	,	PUNCT
ajfa-2028	68	37	the	the	DET
ajfa-2028	68	38	housten	housten	ADJ
ajfa-2028	68	39	terms	term	NOUN
ajfa-2028	68	40	and	and	CCONJ
ajfa-2028	68	41	the	the	DET
ajfa-2028	68	42	naples	naples	PROPN
ajfa-2028	68	43	term	term	NOUN
ajfa-2028	68	44	,	,	PUNCT
ajfa-2028	68	45	nigeria	nigeria	PROPN
ajfa-2028	68	46	’s	’s	PART
ajfa-2028	68	47	public	public	ADJ
ajfa-2028	68	48	debt	debt	NOUN
ajfa-2028	68	49	continuous	continuous	ADJ
ajfa-2028	68	50	to	to	PART
ajfa-2028	68	51	grow	grow	VERB
ajfa-2028	68	52	like	like	ADP
ajfa-2028	68	53	an	an	DET
ajfa-2028	68	54	avalanche	avalanche	NOUN
ajfa-2028	68	55	.	.	PUNCT
ajfa-2028	69	1	(	(	PUNCT
ajfa-2028	69	2	ajayi	ajayi	NOUN
ajfa-2028	69	3	,	,	PUNCT
ajfa-2028	69	4	1991	1991	NUM
ajfa-2028	69	5	;	;	PUNCT
ajfa-2028	69	6	ani	ani	X
ajfa-2028	69	7	,	,	PUNCT
ajfa-2028	69	8	1997	1997	NUM
ajfa-2028	69	9	;	;	PUNCT
ajfa-2028	69	10	(	(	PUNCT
ajfa-2028	69	11	anyanwu	anyanwu	ADJ
ajfa-2028	69	12	,	,	PUNCT
ajfa-2028	69	13	1997	1997	NUM
ajfa-2028	69	14	)	)	PUNCT
ajfa-2028	69	15	.	.	PUNCT
ajfa-2028	70	1	asian	asian	ADJ
ajfa-2028	70	2	journal	journal	PROPN
ajfa-2028	70	3	of	of	ADP
ajfa-2028	70	4	finance	finance	PROPN
ajfa-2028	70	5	&	&	CCONJ
ajfa-2028	70	6	accounting	accounting	PROPN
ajfa-2028	70	7	issn	issn	PROPN
ajfa-2028	70	8	1946	1946	NUM
ajfa-2028	70	9	-	-	PUNCT
ajfa-2028	70	10	052x	052x	NOUN
ajfa-2028	70	11	2012	2012	NUM
ajfa-2028	70	12	,	,	PUNCT
ajfa-2028	70	13	vol	vol	NOUN
ajfa-2028	70	14	.	.	PROPN
ajfa-2028	70	15	4	4	NUM
ajfa-2028	70	16	,	,	PUNCT
ajfa-2028	70	17	no	no	INTJ
ajfa-2028	70	18	.	.	NOUN
ajfa-2028	70	19	2	2	NUM
ajfa-2028	70	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2028	70	21	235	235	NUM
ajfa-2028	70	22	nigeria	nigeria	PROPN
ajfa-2028	70	23	's	's	PART
ajfa-2028	70	24	external	external	ADJ
ajfa-2028	70	25	and	and	CCONJ
ajfa-2028	70	26	domestic	domestic	ADJ
ajfa-2028	70	27	debts	debt	NOUN
ajfa-2028	70	28	:	:	PUNCT
ajfa-2028	70	29	external	external	ADJ
ajfa-2028	70	30	debts	debt	NOUN
ajfa-2028	70	31	nigeria	nigeria	PROPN
ajfa-2028	70	32	’s	’s	PART
ajfa-2028	70	33	external	external	ADJ
ajfa-2028	70	34	indebtedness	indebtedness	NOUN
ajfa-2028	70	35	dates	date	VERB
ajfa-2028	70	36	back	back	ADV
ajfa-2028	70	37	to	to	ADP
ajfa-2028	70	38	pre	pre	ADJ
ajfa-2028	70	39	-	-	ADJ
ajfa-2028	70	40	independence	independence	ADJ
ajfa-2028	70	41	period	period	NOUN
ajfa-2028	70	42	.	.	PUNCT
ajfa-2028	71	1	however	however	ADV
ajfa-2028	71	2	,	,	PUNCT
ajfa-2028	71	3	the	the	DET
ajfa-2028	71	4	quantum	quantum	NOUN
ajfa-2028	71	5	of	of	ADP
ajfa-2028	71	6	the	the	DET
ajfa-2028	71	7	debt	debt	NOUN
ajfa-2028	71	8	was	be	AUX
ajfa-2028	71	9	small	small	ADJ
ajfa-2028	71	10	until	until	ADP
ajfa-2028	71	11	1978	1978	NUM
ajfa-2028	71	12	.	.	PUNCT
ajfa-2028	72	1	the	the	DET
ajfa-2028	72	2	debts	debt	NOUN
ajfa-2028	72	3	incurred	incur	VERB
ajfa-2028	72	4	before	before	ADP
ajfa-2028	72	5	1978	1978	NUM
ajfa-2028	72	6	were	be	AUX
ajfa-2028	72	7	mainly	mainly	ADV
ajfa-2028	72	8	long	long	ADJ
ajfa-2028	72	9	-	-	PUNCT
ajfa-2028	72	10	term	term	NOUN
ajfa-2028	72	11	loans	loan	NOUN
ajfa-2028	72	12	from	from	ADP
ajfa-2028	72	13	multilateral	multilateral	ADJ
ajfa-2028	72	14	and	and	CCONJ
ajfa-2028	72	15	official	official	ADJ
ajfa-2028	72	16	sources	source	NOUN
ajfa-2028	72	17	such	such	ADJ
ajfa-2028	72	18	as	as	ADP
ajfa-2028	72	19	the	the	DET
ajfa-2028	72	20	world	world	NOUN
ajfa-2028	72	21	bank	bank	PROPN
ajfa-2028	72	22	and	and	CCONJ
ajfa-2028	72	23	the	the	DET
ajfa-2028	72	24	country	country	NOUN
ajfa-2028	72	25	’s	’s	PART
ajfa-2028	72	26	major	major	ADJ
ajfa-2028	72	27	trading	trading	NOUN
ajfa-2028	72	28	partners	partner	NOUN
ajfa-2028	72	29	.	.	PUNCT
ajfa-2028	73	1	the	the	DET
ajfa-2028	73	2	debts	debt	NOUN
ajfa-2028	73	3	were	be	AUX
ajfa-2028	73	4	not	not	PART
ajfa-2028	73	5	much	much	ADJ
ajfa-2028	73	6	of	of	ADP
ajfa-2028	73	7	a	a	DET
ajfa-2028	73	8	burden	burden	NOUN
ajfa-2028	73	9	on	on	ADP
ajfa-2028	73	10	the	the	DET
ajfa-2028	73	11	economy	economy	NOUN
ajfa-2028	73	12	because	because	SCONJ
ajfa-2028	73	13	the	the	DET
ajfa-2028	73	14	loans	loan	NOUN
ajfa-2028	73	15	were	be	AUX
ajfa-2028	73	16	obtained	obtain	VERB
ajfa-2028	73	17	on	on	ADP
ajfa-2028	73	18	soft	soft	ADJ
ajfa-2028	73	19	terms	term	NOUN
ajfa-2028	73	20	.	.	PUNCT
ajfa-2028	74	1	moreover	moreover	ADV
ajfa-2028	74	2	,	,	PUNCT
ajfa-2028	74	3	the	the	DET
ajfa-2028	74	4	country	country	NOUN
ajfa-2028	74	5	had	have	VERB
ajfa-2028	74	6	abundant	abundant	ADJ
ajfa-2028	74	7	revenue	revenue	NOUN
ajfa-2028	74	8	receipts	receipt	NOUN
ajfa-2028	74	9	from	from	ADP
ajfa-2028	74	10	oil	oil	NOUN
ajfa-2028	74	11	,	,	PUNCT
ajfa-2028	74	12	especially	especially	ADV
ajfa-2028	74	13	during	during	ADP
ajfa-2028	74	14	the	the	DET
ajfa-2028	74	15	oil	oil	NOUN
ajfa-2028	74	16	boom	boom	NOUN
ajfa-2028	74	17	of	of	ADP
ajfa-2028	74	18	1973	1973	NUM
ajfa-2028	74	19	-	-	SYM
ajfa-2028	74	20	1976	1976	NUM
ajfa-2028	74	21	.	.	PUNCT
ajfa-2028	75	1	the	the	DET
ajfa-2028	75	2	total	total	ADJ
ajfa-2028	75	3	external	external	ADJ
ajfa-2028	75	4	debt	debt	NOUN
ajfa-2028	75	5	outstanding	outstanding	ADJ
ajfa-2028	75	6	as	as	ADP
ajfa-2028	75	7	at	at	ADP
ajfa-2028	75	8	31st	31st	NOUN
ajfa-2028	75	9	december	december	PROPN
ajfa-2028	75	10	2004	2004	NUM
ajfa-2028	75	11	stood	stand	VERB
ajfa-2028	75	12	at	at	ADP
ajfa-2028	75	13	us$35.94	us$35.94	PROPN
ajfa-2028	75	14	billion	billion	NUM
ajfa-2028	75	15	as	as	ADP
ajfa-2028	75	16	against	against	ADP
ajfa-2028	75	17	us$32.92	us$32.92	PROPN
ajfa-2028	75	18	billion	billion	NUM
ajfa-2028	75	19	in	in	ADP
ajfa-2028	75	20	december	december	PROPN
ajfa-2028	75	21	2003	2003	NUM
ajfa-2028	75	22	,	,	PUNCT
ajfa-2028	75	23	indicating	indicate	VERB
ajfa-2028	75	24	an	an	DET
ajfa-2028	75	25	increase	increase	NOUN
ajfa-2028	75	26	of	of	ADP
ajfa-2028	75	27	us$3.03	us$3.03	PROPN
ajfa-2028	75	28	billion	billion	NUM
ajfa-2028	75	29	or	or	CCONJ
ajfa-2028	75	30	9.20	9.20	NUM
ajfa-2028	75	31	percent	percent	NOUN
ajfa-2028	75	32	.	.	PUNCT
ajfa-2028	76	1	as	as	SCONJ
ajfa-2028	76	2	was	be	AUX
ajfa-2028	76	3	the	the	DET
ajfa-2028	76	4	case	case	NOUN
ajfa-2028	76	5	in	in	ADP
ajfa-2028	76	6	the	the	DET
ajfa-2028	76	7	year	year	NOUN
ajfa-2028	76	8	2003	2003	NUM
ajfa-2028	76	9	,	,	PUNCT
ajfa-2028	76	10	the	the	DET
ajfa-2028	76	11	increase	increase	NOUN
ajfa-2028	76	12	in	in	ADP
ajfa-2028	76	13	the	the	DET
ajfa-2028	76	14	debt	debt	NOUN
ajfa-2028	76	15	stock	stock	NOUN
ajfa-2028	76	16	was	be	AUX
ajfa-2028	76	17	largely	largely	ADV
ajfa-2028	76	18	as	as	ADP
ajfa-2028	76	19	a	a	DET
ajfa-2028	76	20	result	result	NOUN
ajfa-2028	76	21	of	of	ADP
ajfa-2028	76	22	the	the	DET
ajfa-2028	76	23	interest	interest	NOUN
ajfa-2028	76	24	component	component	NOUN
ajfa-2028	76	25	of	of	ADP
ajfa-2028	76	26	additional	additional	ADJ
ajfa-2028	76	27	payment	payment	NOUN
ajfa-2028	76	28	arrears	arrear	NOUN
ajfa-2028	76	29	that	that	PRON
ajfa-2028	76	30	accumulated	accumulate	VERB
ajfa-2028	76	31	,	,	PUNCT
ajfa-2028	76	32	and	and	CCONJ
ajfa-2028	76	33	continued	continued	ADJ
ajfa-2028	76	34	depreciation	depreciation	NOUN
ajfa-2028	76	35	of	of	ADP
ajfa-2028	76	36	the	the	DET
ajfa-2028	76	37	us	us	PROPN
ajfa-2028	76	38	dollar	dollar	NOUN
ajfa-2028	76	39	against	against	ADP
ajfa-2028	76	40	other	other	ADJ
ajfa-2028	76	41	currencies	currency	NOUN
ajfa-2028	76	42	in	in	ADP
ajfa-2028	76	43	which	which	PRON
ajfa-2028	76	44	the	the	DET
ajfa-2028	76	45	debts	debt	NOUN
ajfa-2028	76	46	were	be	AUX
ajfa-2028	76	47	denominated	denominate	VERB
ajfa-2028	76	48	.	.	PUNCT
ajfa-2028	77	1	the	the	DET
ajfa-2028	77	2	additional	additional	ADJ
ajfa-2028	77	3	interest	interest	NOUN
ajfa-2028	77	4	of	of	ADP
ajfa-2028	77	5	us$1.54	us$1.54	PROPN
ajfa-2028	77	6	billion	billion	NUM
ajfa-2028	77	7	was	be	AUX
ajfa-2028	77	8	made	make	VERB
ajfa-2028	77	9	up	up	ADP
ajfa-2028	77	10	of	of	ADP
ajfa-2028	77	11	contractual	contractual	ADJ
ajfa-2028	77	12	interest	interest	NOUN
ajfa-2028	77	13	of	of	ADP
ajfa-2028	77	14	us$1.30	us$1.30	PROPN
ajfa-2028	77	15	billion	billion	NUM
ajfa-2028	77	16	and	and	CCONJ
ajfa-2028	77	17	late	late	ADJ
ajfa-2028	77	18	/	/	SYM
ajfa-2028	77	19	penalty	penalty	NOUN
ajfa-2028	77	20	interest	interest	NOUN
ajfa-2028	77	21	of	of	ADP
ajfa-2028	77	22	us$0.233	us$0.233	PROPN
ajfa-2028	77	23	billion	billion	NUM
ajfa-2028	77	24	,	,	PUNCT
ajfa-2028	77	25	but	but	CCONJ
ajfa-2028	77	26	the	the	DET
ajfa-2028	77	27	increase	increase	NOUN
ajfa-2028	77	28	due	due	ADP
ajfa-2028	77	29	to	to	ADP
ajfa-2028	77	30	the	the	DET
ajfa-2028	77	31	effect	effect	NOUN
ajfa-2028	77	32	of	of	ADP
ajfa-2028	77	33	the	the	DET
ajfa-2028	77	34	depreciation	depreciation	NOUN
ajfa-2028	77	35	of	of	ADP
ajfa-2028	77	36	the	the	DET
ajfa-2028	77	37	us	us	PROPN
ajfa-2028	77	38	dollar	dollar	NOUN
ajfa-2028	77	39	was	be	AUX
ajfa-2028	77	40	approximately	approximately	ADV
ajfa-2028	77	41	us$1.49	us$1.49	NUM
ajfa-2028	77	42	billion	billion	NUM
ajfa-2028	77	43	.	.	PUNCT
ajfa-2028	78	1	a	a	DET
ajfa-2028	78	2	further	further	ADJ
ajfa-2028	78	3	breakdown	breakdown	NOUN
ajfa-2028	78	4	of	of	ADP
ajfa-2028	78	5	the	the	DET
ajfa-2028	78	6	total	total	ADJ
ajfa-2028	78	7	debt	debt	NOUN
ajfa-2028	78	8	outstanding	outstanding	ADJ
ajfa-2028	78	9	showed	show	VERB
ajfa-2028	78	10	that	that	SCONJ
ajfa-2028	78	11	the	the	DET
ajfa-2028	78	12	principal	principal	ADJ
ajfa-2028	78	13	balance	balance	NOUN
ajfa-2028	78	14	was	be	AUX
ajfa-2028	78	15	us$30.29	us$30.29	PROPN
ajfa-2028	78	16	billion	billion	NUM
ajfa-2028	78	17	;	;	PUNCT
ajfa-2028	78	18	principal	principal	ADJ
ajfa-2028	78	19	arrears	arrear	NOUN
ajfa-2028	78	20	amounted	amount	VERB
ajfa-2028	78	21	to	to	ADP
ajfa-2028	78	22	us$1.94	us$1.94	PROPN
ajfa-2028	78	23	billion	billion	NUM
ajfa-2028	78	24	,	,	PUNCT
ajfa-2028	78	25	interest	interest	NOUN
ajfa-2028	78	26	arrears	arrear	NOUN
ajfa-2028	78	27	and	and	CCONJ
ajfa-2028	78	28	late	late	ADJ
ajfa-2028	78	29	interest	interest	NOUN
ajfa-2028	78	30	were	be	AUX
ajfa-2028	78	31	us$3.36	us$3.36	NUM
ajfa-2028	78	32	billion	billion	NUM
ajfa-2028	78	33	and	and	CCONJ
ajfa-2028	78	34	us$0.357	us$0.357	ADP
ajfa-2028	78	35	billion	billion	NUM
ajfa-2028	78	36	respectively	respectively	ADV
ajfa-2028	78	37	.	.	PUNCT
ajfa-2028	79	1	the	the	DET
ajfa-2028	79	2	increase	increase	NOUN
ajfa-2028	79	3	in	in	ADP
ajfa-2028	79	4	the	the	DET
ajfa-2028	79	5	external	external	ADJ
ajfa-2028	79	6	debt	debt	NOUN
ajfa-2028	79	7	stock	stock	NOUN
ajfa-2028	79	8	was	be	AUX
ajfa-2028	79	9	due	due	ADJ
ajfa-2028	79	10	primarily	primarily	ADV
ajfa-2028	79	11	to	to	ADP
ajfa-2028	79	12	arrears	arrear	NOUN
ajfa-2028	79	13	that	that	PRON
ajfa-2028	79	14	were	be	AUX
ajfa-2028	79	15	incurred	incur	VERB
ajfa-2028	79	16	as	as	ADP
ajfa-2028	79	17	a	a	DET
ajfa-2028	79	18	result	result	NOUN
ajfa-2028	79	19	of	of	ADP
ajfa-2028	79	20	non	non	ADJ
ajfa-2028	79	21	-	-	ADJ
ajfa-2028	79	22	servicing	servicing	NOUN
ajfa-2028	79	23	of	of	ADP
ajfa-2028	79	24	the	the	DET
ajfa-2028	79	25	non	non	PROPN
ajfa-2028	79	26	-	-	NOUN
ajfa-2028	79	27	oda	oda	ADJ
ajfa-2028	79	28	(	(	PUNCT
ajfa-2028	79	29	non	non	ADJ
ajfa-2028	79	30	-	-	ADJ
ajfa-2028	79	31	official	official	ADJ
ajfa-2028	79	32	development	development	NOUN
ajfa-2028	79	33	assistance	assistance	NOUN
ajfa-2028	79	34	)	)	PUNCT
ajfa-2028	79	35	bilateral	bilateral	ADJ
ajfa-2028	79	36	debt	debt	NOUN
ajfa-2028	79	37	:	:	PUNCT
ajfa-2028	79	38	arrears	arrear	NOUN
ajfa-2028	79	39	on	on	ADP
ajfa-2028	79	40	this	this	DET
ajfa-2028	79	41	debt	debt	NOUN
ajfa-2028	79	42	accounted	account	VERB
ajfa-2028	79	43	for	for	ADP
ajfa-2028	79	44	96.6	96.6	NUM
ajfa-2028	79	45	percent	percent	NOUN
ajfa-2028	79	46	of	of	ADP
ajfa-2028	79	47	total	total	ADJ
ajfa-2028	79	48	arrears	arrear	NOUN
ajfa-2028	79	49	.	.	PUNCT
ajfa-2028	80	1	debt	debt	NOUN
ajfa-2028	80	2	servicing	service	VERB
ajfa-2028	80	3	the	the	DET
ajfa-2028	80	4	total	total	ADJ
ajfa-2028	80	5	external	external	ADJ
ajfa-2028	80	6	debt	debt	NOUN
ajfa-2028	80	7	service	service	NOUN
ajfa-2028	80	8	payment	payment	NOUN
ajfa-2028	80	9	for	for	ADP
ajfa-2028	80	10	the	the	DET
ajfa-2028	80	11	year	year	NOUN
ajfa-2028	80	12	2004	2004	NUM
ajfa-2028	80	13	was	be	AUX
ajfa-2028	80	14	us$1.75	us$1.75	NOUN
ajfa-2028	80	15	billion	billion	NUM
ajfa-2028	80	16	compared	compare	VERB
ajfa-2028	80	17	to	to	ADP
ajfa-2028	80	18	us$1.81	us$1.81	PROPN
ajfa-2028	80	19	billion	billion	NUM
ajfa-2028	80	20	in	in	ADP
ajfa-2028	80	21	2003	2003	NUM
ajfa-2028	80	22	,	,	PUNCT
ajfa-2028	80	23	reflecting	reflect	VERB
ajfa-2028	80	24	a	a	DET
ajfa-2028	80	25	decrease	decrease	NOUN
ajfa-2028	80	26	of	of	ADP
ajfa-2028	80	27	us$0.054	us$0.054	NOUN
ajfa-2028	80	28	billion	billion	NUM
ajfa-2028	80	29	or	or	CCONJ
ajfa-2028	80	30	3.01	3.01	NUM
ajfa-2028	80	31	percent	percent	NOUN
ajfa-2028	80	32	.	.	PUNCT
ajfa-2028	81	1	the	the	DET
ajfa-2028	81	2	external	external	ADJ
ajfa-2028	81	3	debt	debt	NOUN
ajfa-2028	81	4	service	service	NOUN
ajfa-2028	81	5	payments	payment	NOUN
ajfa-2028	81	6	of	of	ADP
ajfa-2028	81	7	us$1.75	us$1.75	PROPN
ajfa-2028	81	8	billion	billion	NUM
ajfa-2028	81	9	comprised	comprise	VERB
ajfa-2028	81	10	of	of	ADP
ajfa-2028	81	11	principal	principal	ADJ
ajfa-2028	81	12	repayments	repayment	NOUN
ajfa-2028	81	13	of	of	ADP
ajfa-2028	81	14	us$1.17	us$1.17	ADJ
ajfa-2028	81	15	billion	billion	NUM
ajfa-2028	81	16	,	,	PUNCT
ajfa-2028	81	17	and	and	CCONJ
ajfa-2028	81	18	interest	interest	NOUN
ajfa-2028	81	19	payments	payment	NOUN
ajfa-2028	81	20	and	and	CCONJ
ajfa-2028	81	21	commitment	commitment	NOUN
ajfa-2028	81	22	charges	charge	NOUN
ajfa-2028	81	23	of	of	ADP
ajfa-2028	81	24	us$0.589	us$0.589	PROPN
ajfa-2028	81	25	billion	billion	NUM
ajfa-2028	81	26	.	.	PUNCT
ajfa-2028	82	1	it	it	PRON
ajfa-2028	82	2	is	be	AUX
ajfa-2028	82	3	important	important	ADJ
ajfa-2028	82	4	to	to	PART
ajfa-2028	82	5	note	note	VERB
ajfa-2028	82	6	that	that	SCONJ
ajfa-2028	82	7	the	the	DET
ajfa-2028	82	8	us$1.75	us$1.75	PROPN
ajfa-2028	82	9	billion	billion	NUM
ajfa-2028	82	10	debt	debt	NOUN
ajfa-2028	82	11	service	service	NOUN
ajfa-2028	82	12	paid	pay	VERB
ajfa-2028	82	13	in	in	ADP
ajfa-2028	82	14	2004	2004	NUM
ajfa-2028	82	15	is	be	AUX
ajfa-2028	82	16	actually	actually	ADV
ajfa-2028	82	17	well	well	ADV
ajfa-2028	82	18	below	below	ADP
ajfa-2028	82	19	the	the	DET
ajfa-2028	82	20	debt	debt	NOUN
ajfa-2028	82	21	service	service	NOUN
ajfa-2028	82	22	due	due	ADJ
ajfa-2028	82	23	for	for	ADP
ajfa-2028	82	24	the	the	DET
ajfa-2028	82	25	year	year	NOUN
ajfa-2028	82	26	of	of	ADP
ajfa-2028	82	27	us$2.99	us$2.99	PROPN
ajfa-2028	82	28	billion	billion	NUM
ajfa-2028	82	29	.	.	PUNCT
ajfa-2028	83	1	this	this	PRON
ajfa-2028	83	2	arises	arise	VERB
ajfa-2028	83	3	because	because	SCONJ
ajfa-2028	83	4	nigeria	nigeria	PROPN
ajfa-2028	83	5	has	have	AUX
ajfa-2028	83	6	not	not	PART
ajfa-2028	83	7	fully	fully	ADV
ajfa-2028	83	8	serviced	service	VERB
ajfa-2028	83	9	its	its	PRON
ajfa-2028	83	10	paris	paris	PROPN
ajfa-2028	83	11	club	club	NOUN
ajfa-2028	83	12	debts	debt	NOUN
ajfa-2028	83	13	,	,	PUNCT
ajfa-2028	83	14	as	as	SCONJ
ajfa-2028	83	15	an	an	DET
ajfa-2028	83	16	amount	amount	NOUN
ajfa-2028	83	17	of	of	ADP
ajfa-2028	83	18	us$2.23	us$2.23	NUM
ajfa-2028	83	19	billion	billion	NUM
ajfa-2028	83	20	was	be	AUX
ajfa-2028	83	21	due	due	ADJ
ajfa-2028	83	22	but	but	CCONJ
ajfa-2028	83	23	only	only	ADV
ajfa-2028	83	24	us$0.99	us$0.99	NUM
ajfa-2028	83	25	billion	billion	NUM
ajfa-2028	83	26	was	be	AUX
ajfa-2028	83	27	paid	pay	VERB
ajfa-2028	83	28	.	.	PUNCT
ajfa-2028	84	1	the	the	DET
ajfa-2028	84	2	shortfall	shortfall	NOUN
ajfa-2028	84	3	transforms	transform	VERB
ajfa-2028	84	4	into	into	ADP
ajfa-2028	84	5	arrears	arrear	NOUN
ajfa-2028	84	6	and	and	CCONJ
ajfa-2028	84	7	attracts	attract	VERB
ajfa-2028	84	8	severe	severe	ADJ
ajfa-2028	84	9	penalty	penalty	NOUN
ajfa-2028	84	10	interest	interest	NOUN
ajfa-2028	84	11	.	.	PUNCT
ajfa-2028	85	1	this	this	DET
ajfa-2028	85	2	very	very	ADJ
ajfa-2028	85	3	process	process	NOUN
ajfa-2028	85	4	has	have	AUX
ajfa-2028	85	5	contributed	contribute	VERB
ajfa-2028	85	6	to	to	ADP
ajfa-2028	85	7	the	the	DET
ajfa-2028	85	8	explosion	explosion	NOUN
ajfa-2028	85	9	in	in	ADP
ajfa-2028	85	10	nigeria	nigeria	PROPN
ajfa-2028	85	11	’s	’s	PART
ajfa-2028	85	12	external	external	ADJ
ajfa-2028	85	13	debt	debt	NOUN
ajfa-2028	85	14	stock	stock	NOUN
ajfa-2028	85	15	over	over	ADP
ajfa-2028	85	16	the	the	DET
ajfa-2028	85	17	years	year	NOUN
ajfa-2028	85	18	.	.	PUNCT
ajfa-2028	86	1	(	(	PUNCT
ajfa-2028	86	2	dmo	dmo	PROPN
ajfa-2028	86	3	,	,	PUNCT
ajfa-2028	86	4	2010	2010	NUM
ajfa-2028	86	5	)	)	PUNCT
ajfa-2028	86	6	domestic	domestic	ADJ
ajfa-2028	86	7	debts	debt	NOUN
ajfa-2028	86	8	domestic	domestic	ADJ
ajfa-2028	86	9	debt	debt	NOUN
ajfa-2028	86	10	is	be	AUX
ajfa-2028	86	11	defined	define	VERB
ajfa-2028	86	12	as	as	ADP
ajfa-2028	86	13	debt	debt	NOUN
ajfa-2028	86	14	denominated	denominate	VERB
ajfa-2028	86	15	in	in	ADP
ajfa-2028	86	16	local	local	ADJ
ajfa-2028	86	17	currency	currency	NOUN
ajfa-2028	86	18	.	.	PUNCT
ajfa-2028	87	1	the	the	DET
ajfa-2028	87	2	management	management	NOUN
ajfa-2028	87	3	of	of	ADP
ajfa-2028	87	4	domestic	domestic	ADJ
ajfa-2028	87	5	debt	debt	NOUN
ajfa-2028	87	6	in	in	ADP
ajfa-2028	87	7	nigeria	nigeria	PROPN
ajfa-2028	87	8	has	have	AUX
ajfa-2028	87	9	hitherto	hitherto	NOUN
ajfa-2028	87	10	been	be	AUX
ajfa-2028	87	11	conducted	conduct	VERB
ajfa-2028	87	12	by	by	ADP
ajfa-2028	87	13	the	the	DET
ajfa-2028	87	14	central	central	ADJ
ajfa-2028	87	15	bank	bank	PROPN
ajfa-2028	87	16	of	of	ADP
ajfa-2028	87	17	nigeria	nigeria	PROPN
ajfa-2028	87	18	(	(	PUNCT
ajfa-2028	87	19	cbn	cbn	PROPN
ajfa-2028	87	20	)	)	PUNCT
ajfa-2028	87	21	through	through	ADP
ajfa-2028	87	22	the	the	DET
ajfa-2028	87	23	issuance	issuance	NOUN
ajfa-2028	87	24	of	of	ADP
ajfa-2028	87	25	government	government	NOUN
ajfa-2028	87	26	debt	debt	NOUN
ajfa-2028	87	27	instruments	instrument	NOUN
ajfa-2028	87	28	,	,	PUNCT
ajfa-2028	87	29	which	which	PRON
ajfa-2028	87	30	consisted	consist	VERB
ajfa-2028	87	31	of	of	ADP
ajfa-2028	87	32	:	:	PUNCT
ajfa-2028	87	33	asian	asian	ADJ
ajfa-2028	87	34	journal	journal	NOUN
ajfa-2028	87	35	of	of	ADP
ajfa-2028	87	36	finance	finance	PROPN
ajfa-2028	87	37	&	&	CCONJ
ajfa-2028	87	38	accounting	accounting	PROPN
ajfa-2028	87	39	issn	issn	PROPN
ajfa-2028	87	40	1946	1946	NUM
ajfa-2028	87	41	-	-	PUNCT
ajfa-2028	87	42	052x	052x	NOUN
ajfa-2028	87	43	2012	2012	NUM
ajfa-2028	87	44	,	,	PUNCT
ajfa-2028	87	45	vol	vol	NOUN
ajfa-2028	87	46	.	.	PROPN
ajfa-2028	88	1	4	4	NUM
ajfa-2028	88	2	,	,	PUNCT
ajfa-2028	88	3	no	no	INTJ
ajfa-2028	88	4	.	.	NOUN
ajfa-2028	88	5	2	2	NUM
ajfa-2028	88	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2028	88	7	236	236	NUM
ajfa-2028	88	8	•	•	NUM
ajfa-2028	88	9	nigerian	nigerian	ADJ
ajfa-2028	88	10	treasury	treasury	PROPN
ajfa-2028	88	11	bills	bill	NOUN
ajfa-2028	88	12	•	•	VERB
ajfa-2028	88	13	nigerian	nigerian	ADJ
ajfa-2028	88	14	treasury	treasury	PROPN
ajfa-2028	88	15	certificates	certificates	PROPN
ajfa-2028	88	16	•	•	NUM
ajfa-2028	88	17	federal	federal	ADJ
ajfa-2028	88	18	government	government	NOUN
ajfa-2028	88	19	development	development	NOUN
ajfa-2028	88	20	stocks	stock	NOUN
ajfa-2028	88	21	•	•	NUM
ajfa-2028	88	22	treasury	treasury	PROPN
ajfa-2028	88	23	bonds	bond	NOUN
ajfa-2028	88	24	•	•	NOUN
ajfa-2028	88	25	ways	way	NOUN
ajfa-2028	88	26	and	and	CCONJ
ajfa-2028	88	27	means	mean	VERB
ajfa-2028	88	28	advances	advance	NOUN
ajfa-2028	88	29	.	.	PUNCT
ajfa-2028	89	1	it	it	PRON
ajfa-2028	89	2	is	be	AUX
ajfa-2028	89	3	important	important	ADJ
ajfa-2028	89	4	to	to	PART
ajfa-2028	89	5	note	note	VERB
ajfa-2028	89	6	that	that	SCONJ
ajfa-2028	89	7	the	the	DET
ajfa-2028	89	8	above	above	ADV
ajfa-2028	89	9	given	give	VERB
ajfa-2028	89	10	position	position	NOUN
ajfa-2028	89	11	does	do	AUX
ajfa-2028	89	12	not	not	PART
ajfa-2028	89	13	include	include	VERB
ajfa-2028	89	14	contractor	contractor	NOUN
ajfa-2028	89	15	debts	debt	NOUN
ajfa-2028	89	16	and	and	CCONJ
ajfa-2028	89	17	supplier	supplier	NOUN
ajfa-2028	89	18	credit	credit	NOUN
ajfa-2028	89	19	owed	owe	VERB
ajfa-2028	89	20	by	by	ADP
ajfa-2028	89	21	the	the	DET
ajfa-2028	89	22	government	government	NOUN
ajfa-2028	89	23	,	,	PUNCT
ajfa-2028	89	24	which	which	PRON
ajfa-2028	89	25	are	be	AUX
ajfa-2028	89	26	estimated	estimate	VERB
ajfa-2028	89	27	at	at	ADP
ajfa-2028	89	28	about	about	ADV
ajfa-2028	89	29	n650	n650	NUM
ajfa-2028	89	30	billion	billion	NUM
ajfa-2028	89	31	.	.	PUNCT
ajfa-2028	90	1	neither	neither	CCONJ
ajfa-2028	90	2	does	do	AUX
ajfa-2028	90	3	it	it	PRON
ajfa-2028	90	4	include	include	VERB
ajfa-2028	90	5	contingent	contingent	ADJ
ajfa-2028	90	6	liabilities	liability	NOUN
ajfa-2028	90	7	,	,	PUNCT
ajfa-2028	90	8	which	which	PRON
ajfa-2028	90	9	are	be	AUX
ajfa-2028	90	10	loans	loan	NOUN
ajfa-2028	90	11	guaranteed	guarantee	VERB
ajfa-2028	90	12	by	by	ADP
ajfa-2028	90	13	the	the	DET
ajfa-2028	90	14	federal	federal	ADJ
ajfa-2028	90	15	government	government	NOUN
ajfa-2028	90	16	,	,	PUNCT
ajfa-2028	90	17	nor	nor	CCONJ
ajfa-2028	90	18	inter	inter	ADJ
ajfa-2028	90	19	-	-	NOUN
ajfa-2028	90	20	agency	agency	ADJ
ajfa-2028	90	21	debt	debt	NOUN
ajfa-2028	90	22	.	.	PUNCT
ajfa-2028	91	1	in	in	ADP
ajfa-2028	91	2	the	the	DET
ajfa-2028	91	3	year	year	NOUN
ajfa-2028	91	4	2004	2004	NUM
ajfa-2028	91	5	,	,	PUNCT
ajfa-2028	91	6	the	the	DET
ajfa-2028	91	7	dmo	dmo	PROPN
ajfa-2028	91	8	made	make	VERB
ajfa-2028	91	9	plans	plan	NOUN
ajfa-2028	91	10	to	to	PART
ajfa-2028	91	11	build	build	VERB
ajfa-2028	91	12	on	on	ADP
ajfa-2028	91	13	the	the	DET
ajfa-2028	91	14	success	success	NOUN
ajfa-2028	91	15	of	of	ADP
ajfa-2028	91	16	the	the	DET
ajfa-2028	91	17	1st	1st	ADJ
ajfa-2028	91	18	fgn	fgn	PROPN
ajfa-2028	91	19	bonds	bond	NOUN
ajfa-2028	91	20	floatation	floatation	NOUN
ajfa-2028	91	21	that	that	PRON
ajfa-2028	91	22	were	be	AUX
ajfa-2028	91	23	first	first	ADV
ajfa-2028	91	24	issued	issue	VERB
ajfa-2028	91	25	in	in	ADP
ajfa-2028	91	26	2003	2003	NUM
ajfa-2028	91	27	.	.	PUNCT
ajfa-2028	92	1	the	the	DET
ajfa-2028	92	2	dmo	dmo	PROPN
ajfa-2028	92	3	embarked	embark	VERB
ajfa-2028	92	4	on	on	ADP
ajfa-2028	92	5	the	the	DET
ajfa-2028	92	6	arrangements	arrangement	NOUN
ajfa-2028	92	7	to	to	PART
ajfa-2028	92	8	commence	commence	VERB
ajfa-2028	92	9	the	the	DET
ajfa-2028	92	10	issuance	issuance	NOUN
ajfa-2028	92	11	of	of	ADP
ajfa-2028	92	12	bonds	bond	NOUN
ajfa-2028	92	13	on	on	ADP
ajfa-2028	92	14	a	a	DET
ajfa-2028	92	15	regular	regular	ADJ
ajfa-2028	92	16	basis	basis	NOUN
ajfa-2028	92	17	in	in	ADP
ajfa-2028	92	18	small	small	ADJ
ajfa-2028	92	19	tranches	tranche	NOUN
ajfa-2028	92	20	that	that	PRON
ajfa-2028	92	21	the	the	DET
ajfa-2028	92	22	market	market	NOUN
ajfa-2028	92	23	could	could	AUX
ajfa-2028	92	24	accommodate	accommodate	VERB
ajfa-2028	92	25	.	.	PUNCT
ajfa-2028	93	1	the	the	DET
ajfa-2028	93	2	dmo	dmo	PROPN
ajfa-2028	93	3	commenced	commence	VERB
ajfa-2028	93	4	the	the	DET
ajfa-2028	93	5	smoothening	smoothening	NOUN
ajfa-2028	93	6	and	and	CCONJ
ajfa-2028	93	7	restructuring	restructuring	NOUN
ajfa-2028	93	8	of	of	ADP
ajfa-2028	93	9	the	the	DET
ajfa-2028	93	10	treasury	treasury	NOUN
ajfa-2028	93	11	bills	bill	NOUN
ajfa-2028	93	12	in	in	ADP
ajfa-2028	93	13	2004	2004	NUM
ajfa-2028	93	14	.	.	PUNCT
ajfa-2028	94	1	the	the	DET
ajfa-2028	94	2	restructuring	restructuring	NOUN
ajfa-2028	94	3	entailed	entail	VERB
ajfa-2028	94	4	extending	extend	VERB
ajfa-2028	94	5	the	the	DET
ajfa-2028	94	6	maturities	maturity	NOUN
ajfa-2028	94	7	of	of	ADP
ajfa-2028	94	8	the	the	DET
ajfa-2028	94	9	existing	exist	VERB
ajfa-2028	94	10	treasury	treasury	NOUN
ajfa-2028	94	11	bills	bill	NOUN
ajfa-2028	94	12	by	by	ADP
ajfa-2028	94	13	issuing	issue	VERB
ajfa-2028	94	14	tenors	tenor	NOUN
ajfa-2028	94	15	of	of	ADP
ajfa-2028	94	16	6	6	NUM
ajfa-2028	94	17	,	,	PUNCT
ajfa-2028	94	18	12	12	NUM
ajfa-2028	94	19	,	,	PUNCT
ajfa-2028	94	20	24	24	NUM
ajfa-2028	94	21	,	,	PUNCT
ajfa-2028	94	22	and	and	CCONJ
ajfa-2028	94	23	36	36	NUM
ajfa-2028	94	24	months	month	NOUN
ajfa-2028	94	25	,	,	PUNCT
ajfa-2028	94	26	to	to	PART
ajfa-2028	94	27	refinance	refinance	VERB
ajfa-2028	94	28	part	part	NOUN
ajfa-2028	94	29	of	of	ADP
ajfa-2028	94	30	the	the	DET
ajfa-2028	94	31	existing	exist	VERB
ajfa-2028	94	32	91	91	NUM
ajfa-2028	94	33	-	-	PUNCT
ajfa-2028	94	34	day	day	NOUN
ajfa-2028	94	35	treasury	treasury	NOUN
ajfa-2028	94	36	bills	bill	NOUN
ajfa-2028	94	37	3	3	NUM
ajfa-2028	94	38	.	.	X
ajfa-2028	94	39	methodology	methodology	NOUN
ajfa-2028	94	40	based	base	VERB
ajfa-2028	94	41	on	on	ADP
ajfa-2028	94	42	the	the	DET
ajfa-2028	94	43	objective	objective	NOUN
ajfa-2028	94	44	of	of	ADP
ajfa-2028	94	45	the	the	DET
ajfa-2028	94	46	study	study	NOUN
ajfa-2028	94	47	and	and	CCONJ
ajfa-2028	94	48	on	on	ADP
ajfa-2028	94	49	the	the	DET
ajfa-2028	94	50	basis	basis	NOUN
ajfa-2028	94	51	of	of	ADP
ajfa-2028	94	52	what	what	PRON
ajfa-2028	94	53	has	have	AUX
ajfa-2028	94	54	been	be	AUX
ajfa-2028	94	55	discussed	discuss	VERB
ajfa-2028	94	56	in	in	ADP
ajfa-2028	94	57	the	the	DET
ajfa-2028	94	58	theoretical	theoretical	ADJ
ajfa-2028	94	59	framework	framework	NOUN
ajfa-2028	94	60	,	,	PUNCT
ajfa-2028	94	61	the	the	DET
ajfa-2028	94	62	following	follow	VERB
ajfa-2028	94	63	model	model	NOUN
ajfa-2028	94	64	will	will	AUX
ajfa-2028	94	65	be	be	AUX
ajfa-2028	94	66	specified	specify	VERB
ajfa-2028	94	67	.	.	PUNCT
ajfa-2028	95	1	the	the	DET
ajfa-2028	95	2	paper	paper	NOUN
ajfa-2028	95	3	attempts	attempt	VERB
ajfa-2028	95	4	to	to	PART
ajfa-2028	95	5	assess	assess	VERB
ajfa-2028	95	6	the	the	DET
ajfa-2028	95	7	impact	impact	NOUN
ajfa-2028	95	8	of	of	ADP
ajfa-2028	95	9	public	public	ADJ
ajfa-2028	95	10	debt	debt	NOUN
ajfa-2028	95	11	and	and	CCONJ
ajfa-2028	95	12	the	the	DET
ajfa-2028	95	13	crisis	crisis	NOUN
ajfa-2028	95	14	of	of	ADP
ajfa-2028	95	15	development	development	NOUN
ajfa-2028	95	16	in	in	ADP
ajfa-2028	95	17	nigeria	nigeria	PROPN
ajfa-2028	95	18	.the	.the	PUNCT
ajfa-2028	96	1	knowledge	knowledge	NOUN
ajfa-2028	96	2	of	of	ADP
ajfa-2028	96	3	economic	economic	ADJ
ajfa-2028	96	4	theory	theory	NOUN
ajfa-2028	96	5	suggests	suggest	VERB
ajfa-2028	96	6	that	that	SCONJ
ajfa-2028	96	7	a	a	DET
ajfa-2028	96	8	critical	critical	ADJ
ajfa-2028	96	9	factor	factor	NOUN
ajfa-2028	96	10	in	in	ADP
ajfa-2028	96	11	assessment	assessment	NOUN
ajfa-2028	96	12	of	of	ADP
ajfa-2028	96	13	economic	economic	ADJ
ajfa-2028	96	14	development	development	NOUN
ajfa-2028	96	15	is	be	AUX
ajfa-2028	96	16	the	the	DET
ajfa-2028	96	17	per	per	ADP
ajfa-2028	96	18	-	-	PUNCT
ajfa-2028	96	19	capita	capita	NOUN
ajfa-2028	96	20	gross	gross	ADJ
ajfa-2028	96	21	domestic	domestic	ADJ
ajfa-2028	96	22	product	product	NOUN
ajfa-2028	96	23	(	(	PUNCT
ajfa-2028	96	24	pcgdp	pcgdp	NOUN
ajfa-2028	96	25	)	)	PUNCT
ajfa-2028	96	26	.	.	PUNCT
ajfa-2028	97	1	however	however	ADV
ajfa-2028	97	2	,	,	PUNCT
ajfa-2028	97	3	our	our	PRON
ajfa-2028	97	4	model	model	NOUN
ajfa-2028	97	5	shall	shall	AUX
ajfa-2028	97	6	contain	contain	VERB
ajfa-2028	97	7	gross	gross	ADJ
ajfa-2028	97	8	domestic	domestic	ADJ
ajfa-2028	97	9	product	product	NOUN
ajfa-2028	97	10	as	as	ADP
ajfa-2028	97	11	the	the	DET
ajfa-2028	97	12	dependent	dependent	ADJ
ajfa-2028	97	13	variable	variable	NOUN
ajfa-2028	97	14	,	,	PUNCT
ajfa-2028	97	15	while	while	SCONJ
ajfa-2028	97	16	foreign	foreign	ADJ
ajfa-2028	97	17	reserve	reserve	NOUN
ajfa-2028	97	18	,	,	PUNCT
ajfa-2028	97	19	debt	debt	NOUN
ajfa-2028	97	20	stock	stock	NOUN
ajfa-2028	97	21	,	,	PUNCT
ajfa-2028	97	22	investment	investment	NOUN
ajfa-2028	97	23	,	,	PUNCT
ajfa-2028	97	24	debt	debt	NOUN
ajfa-2028	97	25	service	service	NOUN
ajfa-2028	97	26	payment	payment	NOUN
ajfa-2028	97	27	,	,	PUNCT
ajfa-2028	97	28	total	total	ADJ
ajfa-2028	97	29	trade/	trade/	NUM
ajfa-2028	97	30	gdp	gdp	NOUN
ajfa-2028	97	31	ratio	ratio	NOUN
ajfa-2028	97	32	and	and	CCONJ
ajfa-2028	97	33	political	political	ADJ
ajfa-2028	97	34	stability	stability	NOUN
ajfa-2028	97	35	are	be	AUX
ajfa-2028	97	36	the	the	DET
ajfa-2028	97	37	explanatory	explanatory	ADJ
ajfa-2028	97	38	variables	variable	NOUN
ajfa-2028	97	39	.	.	PUNCT
ajfa-2028	98	1	therefore	therefore	ADV
ajfa-2028	98	2	,	,	PUNCT
ajfa-2028	98	3	this	this	PRON
ajfa-2028	98	4	applies	apply	VERB
ajfa-2028	98	5	to	to	ADP
ajfa-2028	98	6	the	the	DET
ajfa-2028	98	7	error	error	NOUN
ajfa-2028	98	8	correction	correction	NOUN
ajfa-2028	98	9	method	method	VERB
ajfa-2028	98	10	to	to	ADP
ajfa-2028	98	11	a	a	DET
ajfa-2028	98	12	regression	regression	NOUN
ajfa-2028	98	13	model	model	NOUN
ajfa-2028	98	14	based	base	VERB
ajfa-2028	98	15	on	on	ADP
ajfa-2028	98	16	the	the	DET
ajfa-2028	98	17	traditional	traditional	ADJ
ajfa-2028	98	18	relationship	relationship	NOUN
ajfa-2028	98	19	between	between	ADP
ajfa-2028	98	20	public	public	ADJ
ajfa-2028	98	21	debt	debt	NOUN
ajfa-2028	98	22	and	and	CCONJ
ajfa-2028	98	23	economic	economic	ADJ
ajfa-2028	98	24	development	development	NOUN
ajfa-2028	98	25	distilled	distil	VERB
ajfa-2028	98	26	from	from	ADP
ajfa-2028	98	27	the	the	DET
ajfa-2028	98	28	literature	literature	NOUN
ajfa-2028	98	29	.	.	PUNCT
ajfa-2028	99	1	the	the	DET
ajfa-2028	99	2	idea	idea	NOUN
ajfa-2028	99	3	is	be	AUX
ajfa-2028	99	4	to	to	PART
ajfa-2028	99	5	subject	subject	VERB
ajfa-2028	99	6	the	the	DET
ajfa-2028	99	7	variables	variable	NOUN
ajfa-2028	99	8	to	to	ADP
ajfa-2028	99	9	stationarity	stationarity	NOUN
ajfa-2028	99	10	test	test	NOUN
ajfa-2028	99	11	and	and	CCONJ
ajfa-2028	99	12	subsequently	subsequently	ADV
ajfa-2028	99	13	remove	remove	VERB
ajfa-2028	99	14	the	the	DET
ajfa-2028	99	15	nonstationary	nonstationary	ADJ
ajfa-2028	99	16	trends	trend	NOUN
ajfa-2028	99	17	by	by	ADP
ajfa-2028	99	18	differencing	difference	VERB
ajfa-2028	99	19	before	before	ADP
ajfa-2028	99	20	regressing	regress	VERB
ajfa-2028	99	21	.	.	PUNCT
ajfa-2028	100	1	this	this	PRON
ajfa-2028	100	2	removes	remove	VERB
ajfa-2028	100	3	the	the	DET
ajfa-2028	100	4	possibility	possibility	NOUN
ajfa-2028	100	5	of	of	ADP
ajfa-2028	100	6	the	the	DET
ajfa-2028	100	7	so	so	ADV
ajfa-2028	100	8	-	-	PUNCT
ajfa-2028	100	9	called	call	VERB
ajfa-2028	100	10	spurious	spurious	ADJ
ajfa-2028	100	11	regression	regression	NOUN
ajfa-2028	100	12	.	.	PUNCT
ajfa-2028	101	1	the	the	DET
ajfa-2028	101	2	analysis	analysis	NOUN
ajfa-2028	101	3	here	here	ADV
ajfa-2028	101	4	is	be	AUX
ajfa-2028	101	5	primarily	primarily	ADV
ajfa-2028	101	6	based	base	VERB
ajfa-2028	101	7	on	on	ADP
ajfa-2028	101	8	engle	engle	PROPN
ajfa-2028	101	9	and	and	CCONJ
ajfa-2028	101	10	granger	granger	PROPN
ajfa-2028	101	11	(	(	PUNCT
ajfa-2028	101	12	1987	1987	NUM
ajfa-2028	101	13	)	)	PUNCT
ajfa-2028	101	14	.	.	PUNCT
ajfa-2028	102	1	the	the	DET
ajfa-2028	102	2	idea	idea	NOUN
ajfa-2028	102	3	is	be	AUX
ajfa-2028	102	4	to	to	PART
ajfa-2028	102	5	determine	determine	VERB
ajfa-2028	102	6	the	the	DET
ajfa-2028	102	7	order	order	NOUN
ajfa-2028	102	8	of	of	ADP
ajfa-2028	102	9	integration	integration	NOUN
ajfa-2028	102	10	of	of	ADP
ajfa-2028	102	11	the	the	DET
ajfa-2028	102	12	variables	variable	NOUN
ajfa-2028	102	13	,	,	PUNCT
ajfa-2028	102	14	that	that	ADV
ajfa-2028	102	15	is	is	ADV
ajfa-2028	102	16	,	,	PUNCT
ajfa-2028	102	17	we	we	PRON
ajfa-2028	102	18	test	test	VERB
ajfa-2028	102	19	whether	whether	SCONJ
ajfa-2028	102	20	they	they	PRON
ajfa-2028	102	21	are	be	AUX
ajfa-2028	102	22	stationary	stationary	ADJ
ajfa-2028	102	23	in	in	ADP
ajfa-2028	102	24	their	their	PRON
ajfa-2028	102	25	levels	level	NOUN
ajfa-2028	102	26	or	or	CCONJ
ajfa-2028	102	27	whether	whether	SCONJ
ajfa-2028	102	28	they	they	PRON
ajfa-2028	102	29	have	have	VERB
ajfa-2028	102	30	to	to	PART
ajfa-2028	102	31	be	be	AUX
ajfa-2028	102	32	differenced	difference	VERB
ajfa-2028	102	33	once	once	ADV
ajfa-2028	102	34	or	or	CCONJ
ajfa-2028	102	35	more	more	ADJ
ajfa-2028	102	36	before	before	SCONJ
ajfa-2028	102	37	they	they	PRON
ajfa-2028	102	38	become	become	VERB
ajfa-2028	102	39	stationary	stationary	ADJ
ajfa-2028	102	40	.	.	PUNCT
ajfa-2028	103	1	testing	testing	NOUN
ajfa-2028	103	2	for	for	ADP
ajfa-2028	103	3	unit	unit	NOUN
ajfa-2028	103	4	roots	root	NOUN
ajfa-2028	103	5	is	be	AUX
ajfa-2028	103	6	carried	carry	VERB
ajfa-2028	103	7	out	out	ADP
ajfa-2028	103	8	by	by	ADP
ajfa-2028	103	9	using	use	VERB
ajfa-2028	103	10	an	an	DET
ajfa-2028	103	11	augmented	augment	VERB
ajfa-2028	103	12	dickey	dickey	NOUN
ajfa-2028	103	13	-	-	PUNCT
ajfa-2028	103	14	fuller	full	ADJ
ajfa-2028	103	15	(	(	PUNCT
ajfa-2028	103	16	adf	adf	NOUN
ajfa-2028	103	17	)	)	PUNCT
ajfa-2028	103	18	test	test	NOUN
ajfa-2028	103	19	.	.	PUNCT
ajfa-2028	104	1	gdp	gdp	NOUN
ajfa-2028	104	2	=	=	SYM
ajfa-2028	104	3	f	f	PROPN
ajfa-2028	104	4	(	(	PUNCT
ajfa-2028	104	5	fr	fr	PROPN
ajfa-2028	104	6	,	,	PUNCT
ajfa-2028	104	7	dsk	dsk	NOUN
ajfa-2028	104	8	,	,	PUNCT
ajfa-2028	104	9	frinv	frinv	NOUN
ajfa-2028	104	10	,	,	PUNCT
ajfa-2028	104	11	dsp	dsp	NOUN
ajfa-2028	104	12	,	,	PUNCT
ajfa-2028	104	13	open	open	ADJ
ajfa-2028	104	14	,	,	PUNCT
ajfa-2028	104	15	pol	pol	PROPN
ajfa-2028	104	16	)	)	PUNCT
ajfa-2028	104	17	the	the	DET
ajfa-2028	104	18	above	above	ADJ
ajfa-2028	104	19	model	model	NOUN
ajfa-2028	104	20	is	be	AUX
ajfa-2028	104	21	hereby	hereby	ADV
ajfa-2028	104	22	written	write	VERB
ajfa-2028	104	23	in	in	ADP
ajfa-2028	104	24	log	log	NOUN
ajfa-2028	104	25	—	—	PUNCT
ajfa-2028	104	26	linear	linear	ADJ
ajfa-2028	104	27	form	form	NOUN
ajfa-2028	104	28	as	as	ADP
ajfa-2028	104	29	:	:	PUNCT
ajfa-2028	104	30	asian	asian	ADJ
ajfa-2028	104	31	journal	journal	NOUN
ajfa-2028	104	32	of	of	ADP
ajfa-2028	104	33	finance	finance	PROPN
ajfa-2028	104	34	&	&	CCONJ
ajfa-2028	104	35	accounting	accounting	PROPN
ajfa-2028	104	36	issn	issn	PROPN
ajfa-2028	104	37	1946	1946	NUM
ajfa-2028	104	38	-	-	PUNCT
ajfa-2028	104	39	052x	052x	NOUN
ajfa-2028	104	40	2012	2012	NUM
ajfa-2028	104	41	,	,	PUNCT
ajfa-2028	104	42	vol	vol	NOUN
ajfa-2028	104	43	.	.	PROPN
ajfa-2028	105	1	4	4	NUM
ajfa-2028	105	2	,	,	PUNCT
ajfa-2028	105	3	no	no	INTJ
ajfa-2028	105	4	.	.	NOUN
ajfa-2028	105	5	2	2	NUM
ajfa-2028	105	6	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2028	105	7	237	237	NUM
ajfa-2028	105	8	(	(	PUNCT
ajfa-2028	105	9	l	l	NOUN
ajfa-2028	105	10	)	)	PUNCT
ajfa-2028	105	11	gdp=	gdp=	NOUN
ajfa-2028	105	12	bo	bo	NOUN
ajfa-2028	105	13	+	+	PUNCT
ajfa-2028	105	14	b1fr(l	b1fr(l	NOUN
ajfa-2028	105	15	)	)	PUNCT
ajfa-2028	105	16	+	+	NUM
ajfa-2028	105	17	b2dsk(l	b2dsk(l	NOUN
ajfa-2028	105	18	)	)	PUNCT
ajfa-2028	106	1	+	+	CCONJ
ajfa-2028	106	2	b3frinv(l	b3frinv(l	X
ajfa-2028	106	3	)	)	PUNCT
ajfa-2028	106	4	+	+	CCONJ
ajfa-2028	106	5	b4dsp(l	b4dsp(l	ADP
ajfa-2028	106	6	)	)	PUNCT
ajfa-2028	106	7	+	+	CCONJ
ajfa-2028	106	8	b5open(l	b5open(l	PUNCT
ajfa-2028	106	9	)	)	PUNCT
ajfa-2028	107	1	+	+	NUM
ajfa-2028	107	2	b6pol(l	b6pol(l	NUM
ajfa-2028	107	3	)	)	PUNCT
ajfa-2028	108	1	+	+	CCONJ
ajfa-2028	108	2	µt	µt	INTJ
ajfa-2028	108	3	where	where	SCONJ
ajfa-2028	108	4	:	:	PUNCT
ajfa-2028	108	5	fr	fr	NOUN
ajfa-2028	108	6	=	=	PUNCT
ajfa-2028	108	7	foreign	foreign	ADJ
ajfa-2028	108	8	reserve	reserve	NOUN
ajfa-2028	108	9	dsk	dsk	PROPN
ajfa-2028	108	10	=	=	PUNCT
ajfa-2028	108	11	total	total	ADJ
ajfa-2028	108	12	debt	debt	NOUN
ajfa-2028	108	13	stock	stock	NOUN
ajfa-2028	108	14	frinv	frinv	NOUN
ajfa-2028	108	15	=	=	PUNCT
ajfa-2028	108	16	foreign	foreign	ADJ
ajfa-2028	108	17	investment	investment	NOUN
ajfa-2028	108	18	dsp	dsp	NOUN
ajfa-2028	108	19	=	=	SYM
ajfa-2028	108	20	debt	debt	NOUN
ajfa-2028	108	21	service	service	NOUN
ajfa-2028	108	22	payment	payment	NOUN
ajfa-2028	108	23	open	open	ADJ
ajfa-2028	108	24	=	=	SYM
ajfa-2028	108	25	openness	openness	NOUN
ajfa-2028	108	26	of	of	ADP
ajfa-2028	108	27	the	the	DET
ajfa-2028	108	28	economy	economy	NOUN
ajfa-2028	108	29	(	(	PUNCT
ajfa-2028	108	30	total	total	ADJ
ajfa-2028	108	31	trade	trade	NOUN
ajfa-2028	108	32	/gdp	/gdp	NOUN
ajfa-2028	108	33	ratio	ratio	NOUN
ajfa-2028	108	34	)	)	PUNCT
ajfa-2028	108	35	pol	pol	NOUN
ajfa-2028	108	36	=	=	SYM
ajfa-2028	108	37	political	political	ADJ
ajfa-2028	108	38	instability	instability	NOUN
ajfa-2028	108	39	dummy	dummy	NOUN
ajfa-2028	108	40	=	=	SYM
ajfa-2028	108	41	1	1	NUM
ajfa-2028	108	42	military	military	ADJ
ajfa-2028	108	43	regime	regime	NOUN
ajfa-2028	108	44	and	and	CCONJ
ajfa-2028	108	45	turbulent	turbulent	ADJ
ajfa-2028	108	46	years	year	NOUN
ajfa-2028	108	47	,	,	PUNCT
ajfa-2028	108	48	0	0	NUM
ajfa-2028	108	49	otherwise	otherwise	ADV
ajfa-2028	108	50	μ	μ	NOUN
ajfa-2028	108	51	=	=	SYM
ajfa-2028	108	52	scholastic	scholastic	ADJ
ajfa-2028	108	53	error	error	NOUN
ajfa-2028	108	54	sign	sign	NOUN
ajfa-2028	108	55	.	.	PUNCT
ajfa-2028	109	1	“	"	PUNCT
ajfa-2028	109	2	the	the	DET
ajfa-2028	109	3	data	datum	NOUN
ajfa-2028	109	4	analysis	analysis	NOUN
ajfa-2028	109	5	technique	technique	NOUN
ajfa-2028	109	6	consists	consist	VERB
ajfa-2028	109	7	of	of	ADP
ajfa-2028	109	8	an	an	DET
ajfa-2028	109	9	approach	approach	NOUN
ajfa-2028	109	10	designed	design	VERB
ajfa-2028	109	11	to	to	PART
ajfa-2028	109	12	capture	capture	VERB
ajfa-2028	109	13	the	the	DET
ajfa-2028	109	14	long	long	ADV
ajfa-2028	109	15	-	-	PUNCT
ajfa-2028	109	16	run	run	NOUN
ajfa-2028	109	17	relationship	relationship	NOUN
ajfa-2028	109	18	between	between	ADP
ajfa-2028	109	19	the	the	DET
ajfa-2028	109	20	dependent	dependent	ADJ
ajfa-2028	109	21	and	and	CCONJ
ajfa-2028	109	22	independent	independent	ADJ
ajfa-2028	109	23	variables	variable	NOUN
ajfa-2028	109	24	,	,	PUNCT
ajfa-2028	109	25	but	but	CCONJ
ajfa-2028	109	26	avoiding	avoid	VERB
ajfa-2028	109	27	spurious	spurious	ADJ
ajfa-2028	109	28	influences	influence	NOUN
ajfa-2028	109	29	.	.	PUNCT
ajfa-2028	110	1	these	these	PRON
ajfa-2028	110	2	are	be	AUX
ajfa-2028	110	3	the	the	DET
ajfa-2028	110	4	co	co	NOUN
ajfa-2028	110	5	-	-	NOUN
ajfa-2028	110	6	integration	integration	NOUN
ajfa-2028	110	7	and	and	CCONJ
ajfa-2028	110	8	error	error	NOUN
ajfa-2028	110	9	correction	correction	NOUN
ajfa-2028	110	10	techniques	technique	NOUN
ajfa-2028	110	11	which	which	PRON
ajfa-2028	110	12	have	have	AUX
ajfa-2028	110	13	received	receive	VERB
ajfa-2028	110	14	prominent	prominent	ADJ
ajfa-2028	110	15	attention	attention	NOUN
ajfa-2028	110	16	in	in	ADP
ajfa-2028	110	17	literature	literature	NOUN
ajfa-2028	110	18	(	(	PUNCT
ajfa-2028	110	19	see	see	VERB
ajfa-2028	110	20	adam	adam	PROPN
ajfa-2028	110	21	,	,	PUNCT
ajfa-2028	110	22	1992	1992	NUM
ajfa-2028	110	23	,	,	PUNCT
ajfa-2028	110	24	engle	engle	NOUN
ajfa-2028	110	25	and	and	CCONJ
ajfa-2028	110	26	granger	granger	PROPN
ajfa-2028	110	27	,	,	PUNCT
ajfa-2028	110	28	1987	1987	NUM
ajfa-2028	110	29	,	,	PUNCT
ajfa-2028	110	30	and	and	CCONJ
ajfa-2028	110	31	thomas	thomas	PROPN
ajfa-2028	110	32	1993	1993	NUM
ajfa-2028	110	33	)	)	PUNCT
ajfa-2028	110	34	.	.	PUNCT
ajfa-2028	111	1	the	the	DET
ajfa-2028	111	2	aim	aim	NOUN
ajfa-2028	111	3	of	of	ADP
ajfa-2028	111	4	the	the	DET
ajfa-2028	111	5	new	new	ADJ
ajfa-2028	111	6	framework	framework	NOUN
ajfa-2028	111	7	was	be	AUX
ajfa-2028	111	8	to	to	PART
ajfa-2028	111	9	ascertain	ascertain	VERB
ajfa-2028	111	10	the	the	DET
ajfa-2028	111	11	time	time	NOUN
ajfa-2028	111	12	characteristics	characteristic	NOUN
ajfa-2028	111	13	of	of	ADP
ajfa-2028	111	14	data	datum	NOUN
ajfa-2028	111	15	,	,	PUNCT
ajfa-2028	111	16	overcome	overcome	VERB
ajfa-2028	111	17	the	the	DET
ajfa-2028	111	18	problems	problem	NOUN
ajfa-2028	111	19	of	of	ADP
ajfa-2028	111	20	spurious	spurious	ADJ
ajfa-2028	111	21	correlation	correlation	NOUN
ajfa-2028	111	22	often	often	ADV
ajfa-2028	111	23	associated	associate	VERB
ajfa-2028	111	24	with	with	ADP
ajfa-2028	111	25	none	none	NOUN
ajfa-2028	111	26	—	—	PUNCT
ajfa-2028	111	27	stationary	stationary	ADJ
ajfa-2028	111	28	time	time	NOUN
ajfa-2028	111	29	series	series	PROPN
ajfa-2028	111	30	data	data	PROPN
ajfa-2028	111	31	,	,	PUNCT
ajfa-2028	111	32	and	and	CCONJ
ajfa-2028	111	33	generated	generate	VERB
ajfa-2028	111	34	long	long	ADV
ajfa-2028	111	35	-	-	PUNCT
ajfa-2028	111	36	run	run	VERB
ajfa-2028	111	37	variable	variable	ADJ
ajfa-2028	111	38	relationship	relationship	NOUN
ajfa-2028	111	39	simultaneously	simultaneously	ADV
ajfa-2028	111	40	.	.	PUNCT
ajfa-2028	112	1	within	within	ADP
ajfa-2028	112	2	this	this	DET
ajfa-2028	112	3	dispensation	dispensation	NOUN
ajfa-2028	112	4	,	,	PUNCT
ajfa-2028	112	5	an	an	DET
ajfa-2028	112	6	important	important	ADJ
ajfa-2028	112	7	starting	starting	NOUN
ajfa-2028	112	8	point	point	NOUN
ajfa-2028	112	9	for	for	ADP
ajfa-2028	112	10	research	research	NOUN
ajfa-2028	112	11	is	be	AUX
ajfa-2028	112	12	an	an	DET
ajfa-2028	112	13	assessment	assessment	NOUN
ajfa-2028	112	14	of	of	ADP
ajfa-2028	112	15	the	the	DET
ajfa-2028	112	16	degree	degree	NOUN
ajfa-2028	112	17	of	of	ADP
ajfa-2028	112	18	integration	integration	NOUN
ajfa-2028	112	19	of	of	ADP
ajfa-2028	112	20	the	the	DET
ajfa-2028	112	21	relevant	relevant	ADJ
ajfa-2028	112	22	variables	variable	NOUN
ajfa-2028	112	23	and	and	CCONJ
ajfa-2028	112	24	to	to	PART
ajfa-2028	112	25	check	check	VERB
ajfa-2028	112	26	whether	whether	SCONJ
ajfa-2028	112	27	they	they	PRON
ajfa-2028	112	28	are	be	AUX
ajfa-2028	112	29	co	co	ADJ
ajfa-2028	112	30	-	-	ADJ
ajfa-2028	112	31	integrated	integrated	ADJ
ajfa-2028	112	32	or	or	CCONJ
ajfa-2028	112	33	not	not	PART
ajfa-2028	112	34	.	.	PUNCT
ajfa-2028	113	1	it	it	PRON
ajfa-2028	113	2	should	should	AUX
ajfa-2028	113	3	be	be	AUX
ajfa-2028	113	4	noted	note	VERB
ajfa-2028	113	5	that	that	SCONJ
ajfa-2028	113	6	an	an	DET
ajfa-2028	113	7	important	important	ADJ
ajfa-2028	113	8	issue	issue	NOUN
ajfa-2028	113	9	in	in	ADP
ajfa-2028	113	10	econometrics	econometrics	NOUN
ajfa-2028	113	11	is	be	AUX
ajfa-2028	113	12	the	the	DET
ajfa-2028	113	13	need	need	NOUN
ajfa-2028	113	14	to	to	PART
ajfa-2028	113	15	integrate	integrate	VERB
ajfa-2028	113	16	short	short	ADJ
ajfa-2028	113	17	-	-	PUNCT
ajfa-2028	113	18	run	run	NOUN
ajfa-2028	113	19	dynamics	dynamic	NOUN
ajfa-2028	113	20	with	with	ADP
ajfa-2028	113	21	long	long	ADV
ajfa-2028	113	22	-	-	PUNCT
ajfa-2028	113	23	run	run	NOUN
ajfa-2028	113	24	equilibrium	equilibrium	NOUN
ajfa-2028	113	25	.	.	PUNCT
ajfa-2028	114	1	the	the	DET
ajfa-2028	114	2	analysis	analysis	NOUN
ajfa-2028	114	3	of	of	ADP
ajfa-2028	114	4	short	short	ADJ
ajfa-2028	114	5	-	-	PUNCT
ajfa-2028	114	6	run	run	NOUN
ajfa-2028	114	7	dynamics	dynamic	NOUN
ajfa-2028	114	8	is	be	AUX
ajfa-2028	114	9	often	often	ADV
ajfa-2028	114	10	done	do	VERB
ajfa-2028	114	11	by	by	ADP
ajfa-2028	114	12	first	first	ADJ
ajfa-2028	114	13	eliminating	eliminate	VERB
ajfa-2028	114	14	trends	trend	NOUN
ajfa-2028	114	15	in	in	ADP
ajfa-2028	114	16	the	the	DET
ajfa-2028	114	17	variables	variable	NOUN
ajfa-2028	114	18	,	,	PUNCT
ajfa-2028	114	19	usually	usually	ADV
ajfa-2028	114	20	by	by	ADP
ajfa-2028	114	21	differencing	difference	VERB
ajfa-2028	114	22	.	.	PUNCT
ajfa-2028	115	1	the	the	DET
ajfa-2028	115	2	theory	theory	NOUN
ajfa-2028	115	3	of	of	ADP
ajfa-2028	115	4	co	co	NOUN
ajfa-2028	115	5	-	-	NOUN
ajfa-2028	115	6	integration	integration	NOUN
ajfa-2028	115	7	development	development	NOUN
ajfa-2028	115	8	in	in	ADP
ajfa-2028	115	9	granger	granger	PROPN
ajfa-2028	115	10	(	(	PUNCT
ajfa-2028	115	11	1981	1981	NUM
ajfa-2028	115	12	)	)	PUNCT
ajfa-2028	115	13	and	and	CCONJ
ajfa-2028	115	14	elaborated	elaborate	VERB
ajfa-2028	115	15	in	in	ADP
ajfa-2028	115	16	engle	engle	PROPN
ajfa-2028	115	17	and	and	CCONJ
ajfa-2028	115	18	granger	granger	PROPN
ajfa-2028	115	19	(	(	PUNCT
ajfa-2028	115	20	1987	1987	NUM
ajfa-2028	115	21	)	)	PUNCT
ajfa-2028	115	22	addressed	address	VERB
ajfa-2028	115	23	this	this	DET
ajfa-2028	115	24	issue	issue	NOUN
ajfa-2028	115	25	of	of	ADP
ajfa-2028	115	26	integrating	integrate	VERB
ajfa-2028	115	27	short	short	ADJ
ajfa-2028	115	28	-	-	PUNCT
ajfa-2028	115	29	run	run	NOUN
ajfa-2028	115	30	dynamics	dynamic	NOUN
ajfa-2028	115	31	with	with	ADP
ajfa-2028	115	32	long	long	ADV
ajfa-2028	115	33	-	-	PUNCT
ajfa-2028	115	34	run	run	NOUN
ajfa-2028	115	35	equilibrium	equilibrium	NOUN
ajfa-2028	115	36	.	.	PUNCT
ajfa-2028	116	1	similarly	similarly	ADV
ajfa-2028	116	2	,	,	PUNCT
ajfa-2028	116	3	it	it	PRON
ajfa-2028	116	4	is	be	AUX
ajfa-2028	116	5	important	important	ADJ
ajfa-2028	116	6	to	to	PART
ajfa-2028	116	7	note	note	VERB
ajfa-2028	116	8	that	that	SCONJ
ajfa-2028	116	9	the	the	DET
ajfa-2028	116	10	usual	usual	ADJ
ajfa-2028	116	11	starting	starting	NOUN
ajfa-2028	116	12	point	point	NOUN
ajfa-2028	116	13	of	of	ADP
ajfa-2028	116	14	ecm	ecm	NOUN
ajfa-2028	116	15	modeling	modeling	NOUN
ajfa-2028	116	16	is	be	AUX
ajfa-2028	116	17	to	to	PART
ajfa-2028	116	18	assess	assess	VERB
ajfa-2028	116	19	the	the	DET
ajfa-2028	116	20	order	order	NOUN
ajfa-2028	116	21	of	of	ADP
ajfa-2028	116	22	integration	integration	NOUN
ajfa-2028	116	23	of	of	ADP
ajfa-2028	116	24	both	both	CCONJ
ajfa-2028	116	25	the	the	DET
ajfa-2028	116	26	dependent	dependent	ADJ
ajfa-2028	116	27	and	and	CCONJ
ajfa-2028	116	28	independent	independent	ADJ
ajfa-2028	116	29	variables	variable	NOUN
ajfa-2028	116	30	in	in	ADP
ajfa-2028	116	31	the	the	DET
ajfa-2028	116	32	model	model	NOUN
ajfa-2028	116	33	.	.	PUNCT
ajfa-2028	117	1	the	the	DET
ajfa-2028	117	2	order	order	NOUN
ajfa-2028	117	3	of	of	ADP
ajfa-2028	117	4	integration	integration	NOUN
ajfa-2028	117	5	ascertains	ascertain	VERB
ajfa-2028	117	6	the	the	DET
ajfa-2028	117	7	number	number	NOUN
ajfa-2028	117	8	of	of	ADP
ajfa-2028	117	9	time	time	NOUN
ajfa-2028	117	10	a	a	DET
ajfa-2028	117	11	variable	variable	NOUN
ajfa-2028	117	12	will	will	AUX
ajfa-2028	117	13	be	be	AUX
ajfa-2028	117	14	differentiated	differentiate	VERB
ajfa-2028	117	15	to	to	PART
ajfa-2028	117	16	arrive	arrive	VERB
ajfa-2028	117	17	at	at	ADP
ajfa-2028	117	18	stationary	stationary	NOUN
ajfa-2028	117	19	.	.	PUNCT
ajfa-2028	118	1	dickey	dickey	NOUN
ajfa-2028	118	2	-	-	PUNCT
ajfa-2028	118	3	fuller	full	ADJ
ajfa-2028	118	4	(	(	PUNCT
ajfa-2028	118	5	df	df	PROPN
ajfa-2028	118	6	)	)	PUNCT
ajfa-2028	118	7	,	,	PUNCT
ajfa-2028	118	8	augmented	augment	VERB
ajfa-2028	118	9	dickey	dickey	NOUN
ajfa-2028	118	10	-	-	PUNCT
ajfa-2028	118	11	fuller	full	ADJ
ajfa-2028	118	12	(	(	PUNCT
ajfa-2028	118	13	adf	adf	NOUN
ajfa-2028	118	14	)	)	PUNCT
ajfa-2028	118	15	and	and	CCONJ
ajfa-2028	118	16	sargan	sargan	VERB
ajfa-2028	118	17	rhargava	rhargava	ADJ
ajfa-2028	118	18	durban	durban	PROPN
ajfa-2028	118	19	-	-	PUNCT
ajfa-2028	118	20	watson	watson	PROPN
ajfa-2028	118	21	(	(	PUNCT
ajfa-2028	118	22	srdw	srdw	PROPN
ajfa-2028	118	23	)	)	PUNCT
ajfa-2028	118	24	are	be	AUX
ajfa-2028	118	25	the	the	DET
ajfa-2028	118	26	widely	widely	ADV
ajfa-2028	118	27	used	use	VERB
ajfa-2028	118	28	test	test	NOUN
ajfa-2028	118	29	for	for	ADP
ajfa-2028	118	30	stationary	stationary	NOUN
ajfa-2028	118	31	for	for	ADP
ajfa-2028	118	32	both	both	PRON
ajfa-2028	118	33	individual	individual	ADJ
ajfa-2028	118	34	time	time	NOUN
ajfa-2028	118	35	series	series	NOUN
ajfa-2028	118	36	and	and	CCONJ
ajfa-2028	118	37	residual	residual	ADJ
ajfa-2028	118	38	from	from	ADP
ajfa-2028	118	39	ols	ol	NOUN
ajfa-2028	118	40	regressions	regression	NOUN
ajfa-2028	118	41	.	.	PUNCT
ajfa-2028	119	1	co	co	NOUN
ajfa-2028	119	2	-	-	NOUN
ajfa-2028	119	3	integration	integration	NOUN
ajfa-2028	119	4	is	be	AUX
ajfa-2028	119	5	based	base	VERB
ajfa-2028	119	6	on	on	ADP
ajfa-2028	119	7	the	the	DET
ajfa-2028	119	8	properties	property	NOUN
ajfa-2028	119	9	of	of	ADP
ajfa-2028	119	10	the	the	DET
ajfa-2028	119	11	residuals	residual	NOUN
ajfa-2028	119	12	from	from	ADP
ajfa-2028	119	13	regression	regression	NOUN
ajfa-2028	119	14	analysis	analysis	NOUN
ajfa-2028	119	15	when	when	SCONJ
ajfa-2028	119	16	the	the	DET
ajfa-2028	119	17	series	serie	NOUN
ajfa-2028	119	18	are	be	AUX
ajfa-2028	119	19	individually	individually	ADV
ajfa-2028	119	20	non	non	ADJ
ajfa-2028	119	21	-	-	ADJ
ajfa-2028	119	22	stationary	stationary	ADJ
ajfa-2028	119	23	.	.	PUNCT
ajfa-2028	120	1	the	the	DET
ajfa-2028	120	2	original	original	ADJ
ajfa-2028	120	3	co	co	NOUN
ajfa-2028	120	4	integration	integration	NOUN
ajfa-2028	120	5	regression	regression	NOUN
ajfa-2028	120	6	is	be	AUX
ajfa-2028	120	7	specified	specify	VERB
ajfa-2028	120	8	as	as	SCONJ
ajfa-2028	120	9	follows	follow	VERB
ajfa-2028	120	10	:	:	PUNCT
ajfa-2028	120	11	at=	at=	PROPN
ajfa-2028	120	12	tt	tt	PROPN
ajfa-2028	120	13			NUM
ajfa-2028	120	14			PROPN
ajfa-2028	120	15	10	10	NUM
ajfa-2028	120	16	(	(	PUNCT
ajfa-2028	120	17	1	1	NUM
ajfa-2028	120	18	)	)	PUNCT
ajfa-2028	120	19	asian	asian	ADJ
ajfa-2028	120	20	journal	journal	NOUN
ajfa-2028	120	21	of	of	ADP
ajfa-2028	120	22	finance	finance	PROPN
ajfa-2028	120	23	&	&	CCONJ
ajfa-2028	120	24	accounting	accounting	PROPN
ajfa-2028	120	25	issn	issn	PROPN
ajfa-2028	120	26	1946	1946	NUM
ajfa-2028	120	27	-	-	PUNCT
ajfa-2028	120	28	052x	052x	NOUN
ajfa-2028	120	29	2012	2012	NUM
ajfa-2028	120	30	,	,	PUNCT
ajfa-2028	120	31	vol	vol	NOUN
ajfa-2028	120	32	.	.	PROPN
ajfa-2028	120	33	4	4	NUM
ajfa-2028	120	34	,	,	PUNCT
ajfa-2028	120	35	no	no	INTJ
ajfa-2028	120	36	.	.	NOUN
ajfa-2028	120	37	2	2	NUM
ajfa-2028	120	38	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2028	120	39	238	238	NUM
ajfa-2028	120	40	where	where	SCONJ
ajfa-2028	120	41	a	a	PRON
ajfa-2028	120	42	represents	represent	VERB
ajfa-2028	120	43	the	the	DET
ajfa-2028	120	44	dependent	dependent	ADJ
ajfa-2028	120	45	variables	variable	NOUN
ajfa-2028	120	46	,	,	PUNCT
ajfa-2028	120	47			PROPN
ajfa-2028	120	48	stands	stand	VERB
ajfa-2028	120	49	for	for	ADP
ajfa-2028	120	50	the	the	DET
ajfa-2028	120	51	independent	independent	ADJ
ajfa-2028	120	52	variable	variable	NOUN
ajfa-2028	120	53	,	,	PUNCT
ajfa-2028	120	54	and	and	CCONJ
ajfa-2028	120	55	e	e	NOUN
ajfa-2028	120	56	is	be	AUX
ajfa-2028	120	57	the	the	DET
ajfa-2028	120	58	random	random	ADJ
ajfa-2028	120	59	error	error	NOUN
ajfa-2028	120	60	term	term	NOUN
ajfa-2028	120	61	.	.	PUNCT
ajfa-2028	121	1	0	0	PROPN
ajfa-2028	121	2	and	and	CCONJ
ajfa-2028	121	3	1	1	PROPN
ajfa-2028	121	4	are	be	AUX
ajfa-2028	121	5	intercept	intercept	NOUN
ajfa-2028	121	6	and	and	CCONJ
ajfa-2028	121	7	slope	slope	NOUN
ajfa-2028	121	8	coefficients	coefficient	NOUN
ajfa-2028	121	9	respectively	respectively	ADV
ajfa-2028	121	10	.	.	PUNCT
ajfa-2028	122	1	to	to	PART
ajfa-2028	122	2	include	include	VERB
ajfa-2028	122	3	the	the	DET
ajfa-2028	122	4	possibility	possibility	NOUN
ajfa-2028	122	5	of	of	ADP
ajfa-2028	122	6	bi	bi	ADJ
ajfa-2028	122	7	-	-	ADJ
ajfa-2028	122	8	directional	directional	ADJ
ajfa-2028	122	9	causality	causality	NOUN
ajfa-2028	122	10	,	,	PUNCT
ajfa-2028	122	11	the	the	DET
ajfa-2028	122	12	reverse	reverse	ADJ
ajfa-2028	122	13	specification	specification	NOUN
ajfa-2028	122	14	of	of	ADP
ajfa-2028	122	15	equation	equation	NOUN
ajfa-2028	122	16	1	1	NUM
ajfa-2028	122	17	is	be	AUX
ajfa-2028	122	18	considered	consider	VERB
ajfa-2028	122	19	.	.	PUNCT
ajfa-2028	123	1	to	to	PART
ajfa-2028	123	2	provide	provide	VERB
ajfa-2028	123	3	a	a	DET
ajfa-2028	123	4	more	more	ADV
ajfa-2028	123	5	defensive	defensive	ADJ
ajfa-2028	123	6	answer	answer	NOUN
ajfa-2028	123	7	to	to	ADP
ajfa-2028	123	8	the	the	DET
ajfa-2028	123	9	non	non	ADJ
ajfa-2028	123	10	-	-	NOUN
ajfa-2028	123	11	stationarity	stationarity	NOUN
ajfa-2028	123	12	in	in	ADP
ajfa-2028	123	13	each	each	DET
ajfa-2028	123	14	time	time	NOUN
ajfa-2028	123	15	series	series	NOUN
ajfa-2028	123	16	,	,	PUNCT
ajfa-2028	123	17	the	the	DET
ajfa-2028	123	18	dickey	dickey	NOUN
ajfa-2028	123	19	-	-	PUNCT
ajfa-2028	123	20	fuller	full	ADJ
ajfa-2028	123	21	(	(	PUNCT
ajfa-2028	123	22	1979	1979	NUM
ajfa-2028	123	23	)	)	PUNCT
ajfa-2028	123	24	regression	regression	NOUN
ajfa-2028	123	25	is	be	AUX
ajfa-2028	123	26	estimated	estimate	VERB
ajfa-2028	123	27	as	as	SCONJ
ajfa-2028	123	28	follows	follow	VERB
ajfa-2028	123	29	for	for	ADP
ajfa-2028	123	30	a	a	DET
ajfa-2028	123	31	unit	unit	NOUN
ajfa-2028	123	32	root	root	NOUN
ajfa-2028	123	33	:	:	PUNCT
ajfa-2028	123	34	∆et	∆et	X
ajfa-2028	123	35	=	=	PUNCT
ajfa-2028	123	36	-λet-1	-λet-1	PUNCT
ajfa-2028	124	1	+	+	NUM
ajfa-2028	124	2	wt	wt	PROPN
ajfa-2028	124	3	(	(	PUNCT
ajfa-2028	124	4	2	2	NUM
ajfa-2028	124	5	)	)	PUNCT
ajfa-2028	124	6	if	if	SCONJ
ajfa-2028	124	7	x	x	PRON
ajfa-2028	124	8	equals	equal	VERB
ajfa-2028	124	9	zero	zero	NUM
ajfa-2028	124	10	e	e	NOUN
ajfa-2028	124	11	is	be	AUX
ajfa-2028	124	12	non	non	ADJ
ajfa-2028	124	13	-	-	ADJ
ajfa-2028	124	14	stationary	stationary	ADJ
ajfa-2028	124	15	.	.	PUNCT
ajfa-2028	125	1	as	as	ADP
ajfa-2028	125	2	a	a	DET
ajfa-2028	125	3	result	result	NOUN
ajfa-2028	125	4	,	,	PUNCT
ajfa-2028	125	5	a	a	PRON
ajfa-2028	125	6	and	and	CCONJ
ajfa-2028	125	7	b	b	NOUN
ajfa-2028	125	8	are	be	AUX
ajfa-2028	125	9	not	not	PART
ajfa-2028	125	10	co	co	ADJ
ajfa-2028	125	11	-	-	VERB
ajfa-2028	125	12	integrated	integrated	ADJ
ajfa-2028	125	13	.	.	PUNCT
ajfa-2028	126	1	in	in	ADP
ajfa-2028	126	2	other	other	ADJ
ajfa-2028	126	3	words	word	NOUN
ajfa-2028	126	4	,	,	PUNCT
ajfa-2028	126	5	if	if	SCONJ
ajfa-2028	126	6	x	x	PRON
ajfa-2028	126	7	is	be	AUX
ajfa-2028	126	8	significantly	significantly	ADV
ajfa-2028	126	9	different	different	ADJ
ajfa-2028	126	10	from	from	ADP
ajfa-2028	126	11	zero	zero	NUM
ajfa-2028	126	12	a	a	PRON
ajfa-2028	126	13	and	and	CCONJ
ajfa-2028	126	14	b	b	NOUN
ajfa-2028	126	15	is	be	AUX
ajfa-2028	126	16	found	find	VERB
ajfa-2028	126	17	integrated	integrate	VERB
ajfa-2028	126	18	individually	individually	ADV
ajfa-2028	126	19	.	.	PUNCT
ajfa-2028	127	1	given	give	VERB
ajfa-2028	127	2	the	the	DET
ajfa-2028	127	3	inherent	inherent	ADJ
ajfa-2028	127	4	weakness	weakness	NOUN
ajfa-2028	127	5	of	of	ADP
ajfa-2028	127	6	the	the	DET
ajfa-2028	127	7	root	root	NOUN
ajfa-2028	127	8	test	test	NOUN
ajfa-2028	127	9	to	to	PART
ajfa-2028	127	10	distinguish	distinguish	VERB
ajfa-2028	127	11	between	between	ADP
ajfa-2028	127	12	the	the	DET
ajfa-2028	127	13	null	null	NOUN
ajfa-2028	127	14	and	and	CCONJ
ajfa-2028	127	15	the	the	DET
ajfa-2028	127	16	alternative	alternative	ADJ
ajfa-2028	127	17	hypothesis	hypothesis	NOUN
ajfa-2028	127	18	,	,	PUNCT
ajfa-2028	127	19	it	it	PRON
ajfa-2028	127	20	is	be	AUX
ajfa-2028	127	21	desirable	desirable	ADJ
ajfa-2028	127	22	that	that	SCONJ
ajfa-2028	127	23	the	the	DET
ajfa-2028	127	24	augmented	augment	VERB
ajfa-2028	127	25	dickey	dickey	NOUN
ajfa-2028	127	26	-	-	PUNCT
ajfa-2028	127	27	fuller	full	ADJ
ajfa-2028	127	28	(	(	PUNCT
ajfa-2028	127	29	adf	adf	NOUN
ajfa-2028	127	30	)	)	PUNCT
ajfa-2028	127	31	(	(	PUNCT
ajfa-2028	127	32	1981	1981	NUM
ajfa-2028	127	33	)	)	PUNCT
ajfa-2028	127	34	test	test	NOUN
ajfa-2028	127	35	be	be	AUX
ajfa-2028	127	36	applied	apply	VERB
ajfa-2028	127	37	.	.	PUNCT
ajfa-2028	128	1	the	the	DET
ajfa-2028	128	2	desirability	desirability	NOUN
ajfa-2028	128	3	is	be	AUX
ajfa-2028	128	4	warranted	warrant	VERB
ajfa-2028	128	5	because	because	SCONJ
ajfa-2028	128	6	it	it	PRON
ajfa-2028	128	7	corrects	correct	VERB
ajfa-2028	128	8	for	for	ADP
ajfa-2028	128	9	any	any	DET
ajfa-2028	128	10	serial	serial	ADJ
ajfa-2028	128	11	correlation	correlation	NOUN
ajfa-2028	128	12	by	by	ADP
ajfa-2028	128	13	incorporating	incorporate	VERB
ajfa-2028	128	14	lagged	lag	VERB
ajfa-2028	128	15	changes	change	NOUN
ajfa-2028	128	16	of	of	ADP
ajfa-2028	128	17	the	the	DET
ajfa-2028	128	18	residuals	residual	NOUN
ajfa-2028	128	19	.	.	PUNCT
ajfa-2028	129	1	to	to	PART
ajfa-2028	129	2	be	be	AUX
ajfa-2028	129	3	co	co	VERB
ajfa-2028	129	4	-	-	VERB
ajfa-2028	129	5	integrated	integrated	ADJ
ajfa-2028	129	6	,	,	PUNCT
ajfa-2028	129	7	both	both	PRON
ajfa-2028	129	8	a	a	PRON
ajfa-2028	129	9	and	and	CCONJ
ajfa-2028	129	10	b	b	NOUN
ajfa-2028	129	11	must	must	AUX
ajfa-2028	129	12	have	have	VERB
ajfa-2028	129	13	the	the	DET
ajfa-2028	129	14	same	same	ADJ
ajfa-2028	129	15	order	order	NOUN
ajfa-2028	129	16	of	of	ADP
ajfa-2028	129	17	integration	integration	NOUN
ajfa-2028	129	18	(	(	PUNCT
ajfa-2028	129	19	eagle	eagle	NOUN
ajfa-2028	129	20	and	and	CCONJ
ajfa-2028	129	21	granger	granger	PROPN
ajfa-2028	129	22	,	,	PUNCT
ajfa-2028	129	23	1987	1987	NUM
ajfa-2028	129	24	)	)	PUNCT
ajfa-2028	129	25	.	.	PUNCT
ajfa-2028	130	1	the	the	DET
ajfa-2028	130	2	adf	adf	PROPN
ajfa-2028	130	3	regression	regression	NOUN
ajfa-2028	130	4	is	be	AUX
ajfa-2028	130	5	specified	specify	VERB
ajfa-2028	130	6	as	as	SCONJ
ajfa-2028	130	7	follows	follow	VERB
ajfa-2028	130	8	:	:	PUNCT
ajfa-2028	130	9	1	1	NUM
ajfa-2028	130	10	tot	tot	VERB
ajfa-2028	130	11			ADJ
ajfa-2028	130	12			NOUN
ajfa-2028	130	13	+	+	CCONJ
ajfa-2028	131	1			PROPN
ajfa-2028	131	2			NUM
ajfa-2028	131	3			PROPN
ajfa-2028	131	4			PROPN
ajfa-2028	131	5	m	m	VERB
ajfa-2028	131	6	ij	ij	INTJ
ajfa-2028	131	7	ttj	ttj	NOUN
ajfa-2028	131	8			PROPN
ajfa-2028	131	9	1	1	NUM
ajfa-2028	131	10	(	(	PUNCT
ajfa-2028	131	11	3	3	NUM
ajfa-2028	131	12	)	)	PUNCT
ajfa-2028	131	13	where	where	SCONJ
ajfa-2028	131	14	∆	∆	PROPN
ajfa-2028	131	15	is	be	AUX
ajfa-2028	131	16	the	the	DET
ajfa-2028	131	17	first	first	ADJ
ajfa-2028	131	18	difference	difference	NOUN
ajfa-2028	131	19	operator	operator	NOUN
ajfa-2028	131	20	and	and	CCONJ
ajfa-2028	131	21	μt	μt	NOUN
ajfa-2028	131	22	is	be	AUX
ajfa-2028	131	23	the	the	DET
ajfa-2028	131	24	new	new	ADJ
ajfa-2028	131	25	random	random	ADJ
ajfa-2028	131	26	error	error	NOUN
ajfa-2028	131	27	term	term	NOUN
ajfa-2028	131	28	.	.	PUNCT
ajfa-2028	132	1	m	m	PROPN
ajfa-2028	132	2	is	be	AUX
ajfa-2028	132	3	the	the	DET
ajfa-2028	132	4	optimum	optimum	ADJ
ajfa-2028	132	5	number	number	NOUN
ajfa-2028	132	6	of	of	ADP
ajfa-2028	132	7	lags	lag	NOUN
ajfa-2028	132	8	needed	need	VERB
ajfa-2028	132	9	to	to	PART
ajfa-2028	132	10	obtain	obtain	VERB
ajfa-2028	132	11	“	"	PUNCT
ajfa-2028	132	12	white	white	ADJ
ajfa-2028	132	13	noise	noise	NOUN
ajfa-2028	132	14	”	"	PUNCT
ajfa-2028	132	15	.	.	PUNCT
ajfa-2028	133	1	this	this	PRON
ajfa-2028	133	2	is	be	AUX
ajfa-2028	133	3	approximated	approximate	VERB
ajfa-2028	133	4	when	when	SCONJ
ajfa-2028	133	5	the	the	DET
ajfa-2028	133	6	dw	dw	NOUN
ajfa-2028	133	7	value	value	NOUN
ajfa-2028	133	8	approaches	approach	VERB
ajfa-2028	133	9	2.0	2.0	NUM
ajfa-2028	133	10	numerically	numerically	ADV
ajfa-2028	133	11	.	.	PUNCT
ajfa-2028	134	1	the	the	DET
ajfa-2028	134	2	null	null	ADJ
ajfa-2028	134	3	hypothesis	hypothesis	NOUN
ajfa-2028	134	4	of	of	ADP
ajfa-2028	134	5	non	non	ADJ
ajfa-2028	134	6	co	co	NOUN
ajfa-2028	134	7	-	-	NOUN
ajfa-2028	134	8	integration	integration	NOUN
ajfa-2028	134	9	is	be	AUX
ajfa-2028	134	10	rejected	reject	VERB
ajfa-2028	134	11	,	,	PUNCT
ajfa-2028	134	12	if	if	SCONJ
ajfa-2028	134	13	the	the	DET
ajfa-2028	134	14	estimated	estimate	VERB
ajfa-2028	134	15	adf	adf	PROPN
ajfa-2028	134	16	statistics	statistic	NOUN
ajfa-2028	134	17	is	be	AUX
ajfa-2028	134	18	found	find	VERB
ajfa-2028	134	19	to	to	PART
ajfa-2028	134	20	be	be	AUX
ajfa-2028	134	21	larger	large	ADJ
ajfa-2028	134	22	than	than	ADP
ajfa-2028	134	23	its	its	PRON
ajfa-2028	134	24	critical	critical	ADJ
ajfa-2028	134	25	value	value	NOUN
ajfa-2028	134	26	at	at	ADP
ajfa-2028	134	27	1	1	NUM
ajfa-2028	134	28	or	or	CCONJ
ajfa-2028	134	29	5	5	NUM
ajfa-2028	134	30	or	or	CCONJ
ajfa-2028	134	31	10	10	NUM
ajfa-2028	134	32	per	per	ADP
ajfa-2028	134	33	cent	cent	NOUN
ajfa-2028	134	34	level	level	NOUN
ajfa-2028	134	35	of	of	ADP
ajfa-2028	134	36	significance	significance	NOUN
ajfa-2028	134	37	.	.	PUNCT
ajfa-2028	135	1	if	if	SCONJ
ajfa-2028	135	2	at	at	ADP
ajfa-2028	135	3	and	and	CCONJ
ajfa-2028	135	4	bt	bt	NOUN
ajfa-2028	135	5	are	be	AUX
ajfa-2028	135	6	found	find	VERB
ajfa-2028	135	7	to	to	PART
ajfa-2028	135	8	be	be	AUX
ajfa-2028	135	9	co	co	VERB
ajfa-2028	135	10	-	-	VERB
ajfa-2028	135	11	integrated	integrated	ADJ
ajfa-2028	135	12	,	,	PUNCT
ajfa-2028	135	13	then	then	ADV
ajfa-2028	135	14	there	there	PRON
ajfa-2028	135	15	must	must	AUX
ajfa-2028	135	16	exist	exist	VERB
ajfa-2028	135	17	an	an	DET
ajfa-2028	135	18	associated	associated	ADJ
ajfa-2028	135	19	error	error	NOUN
ajfa-2028	135	20	-	-	PUNCT
ajfa-2028	135	21	correlation	correlation	NOUN
ajfa-2028	135	22	model	model	NOUN
ajfa-2028	135	23	(	(	PUNCT
ajfa-2028	135	24	ecm	ecm	PROPN
ajfa-2028	135	25	)	)	PUNCT
ajfa-2028	135	26	,	,	PUNCT
ajfa-2028	135	27	according	accord	VERB
ajfa-2028	135	28	to	to	ADP
ajfa-2028	135	29	engle	engle	PROPN
ajfa-2028	135	30	and	and	CCONJ
ajfa-2028	135	31	granger	granger	PROPN
ajfa-2028	135	32	(	(	PUNCT
ajfa-2028	135	33	1987	1987	NUM
ajfa-2028	135	34	)	)	PUNCT
ajfa-2028	135	35	.	.	PUNCT
ajfa-2028	136	1	the	the	DET
ajfa-2028	136	2	usual	usual	ADJ
ajfa-2028	136	3	ecm	ecm	NOUN
ajfa-2028	136	4	may	may	AUX
ajfa-2028	136	5	take	take	VERB
ajfa-2028	136	6	the	the	DET
ajfa-2028	136	7	following	follow	VERB
ajfa-2028	136	8	form	form	NOUN
ajfa-2028	136	9	:	:	PUNCT
ajfa-2028	136	10	∆gt	∆gt	NOUN
ajfa-2028	136	11	=	=	SYM
ajfa-2028	136	12	σo	σo	PROPN
ajfa-2028	136	13	et-1	et-1	PUNCT
ajfa-2028	137	1	+	+	CCONJ
ajfa-2028	137	2			X
ajfa-2028	138	1			NUM
ajfa-2028	138	2	t	t	NOUN
ajfa-2028	138	3	j	j	PROPN
ajfa-2028	138	4	1	1	NUM
ajfa-2028	138	5	1	1	NUM
ajfa-2028	138	6	∆at	∆at	NOUN
ajfa-2028	138	7	-	-	PUNCT
ajfa-2028	138	8	j	j	PROPN
ajfa-2028	138	9	+	+	CCONJ
ajfa-2028	138	10			X
ajfa-2028	139	1			NOUN
ajfa-2028	139	2	t	t	PROPN
ajfa-2028	139	3	j	j	PROPN
ajfa-2028	139	4	j	j	PROPN
ajfa-2028	139	5	1	1	NUM
ajfa-2028	139	6			SYM
ajfa-2028	139	7	∆bt	∆bt	PROPN
ajfa-2028	139	8	-	-	PUNCT
ajfa-2028	139	9	j	j	PROPN
ajfa-2028	140	1	+	+	NUM
ajfa-2028	140	2	vt	vt	PROPN
ajfa-2028	140	3	(	(	PUNCT
ajfa-2028	140	4	4	4	NUM
ajfa-2028	140	5	)	)	PUNCT
ajfa-2028	140	6	where	where	SCONJ
ajfa-2028	140	7	∆	∆	PROPN
ajfa-2028	140	8	denotes	denote	VERB
ajfa-2028	140	9	the	the	DET
ajfa-2028	140	10	difference	difference	NOUN
ajfa-2028	140	11	operator	operator	NOUN
ajfa-2028	140	12	et-1	et-1	X
ajfa-2028	140	13	is	be	AUX
ajfa-2028	140	14	the	the	DET
ajfa-2028	140	15	error	error	NOUN
ajfa-2028	140	16	correction	correction	NOUN
ajfa-2028	140	17	term	term	NOUN
ajfa-2028	140	18	,	,	PUNCT
ajfa-2028	140	19	t	t	PROPN
ajfa-2028	140	20	is	be	AUX
ajfa-2028	140	21	the	the	DET
ajfa-2028	140	22	number	number	NOUN
ajfa-2028	140	23	of	of	ADP
ajfa-2028	140	24	lags	lag	NOUN
ajfa-2028	140	25	necessary	necessary	ADJ
ajfa-2028	140	26	to	to	PART
ajfa-2028	140	27	obtain	obtain	VERB
ajfa-2028	140	28	white	white	ADJ
ajfa-2028	140	29	noise	noise	NOUN
ajfa-2028	140	30	and	and	CCONJ
ajfa-2028	140	31	vt	vt	PROPN
ajfa-2028	140	32	is	be	AUX
ajfa-2028	140	33	another	another	DET
ajfa-2028	140	34	random	random	ADJ
ajfa-2028	140	35	disturbance	disturbance	NOUN
ajfa-2028	140	36	term	term	NOUN
ajfa-2028	140	37	.	.	PUNCT
ajfa-2028	141	1	if	if	SCONJ
ajfa-2028	141	2	σo	σo	PROPN
ajfa-2028	141	3	et-1	et-1	PUNCT
ajfa-2028	141	4	is	be	AUX
ajfa-2028	141	5	significantly	significantly	ADV
ajfa-2028	141	6	different	different	ADJ
ajfa-2028	141	7	from	from	ADP
ajfa-2028	141	8	zero	zero	NUM
ajfa-2028	141	9	,	,	PUNCT
ajfa-2028	141	10	then	then	ADV
ajfa-2028	141	11	a	a	PRON
ajfa-2028	141	12	and	and	CCONJ
ajfa-2028	141	13	b	b	NOUN
ajfa-2028	141	14	have	have	VERB
ajfa-2028	141	15	long	long	ADV
ajfa-2028	141	16	-	-	PUNCT
ajfa-2028	141	17	run	run	NOUN
ajfa-2028	141	18	relationship	relationship	NOUN
ajfa-2028	141	19	.	.	PUNCT
ajfa-2028	142	1	the	the	DET
ajfa-2028	142	2	error	error	NOUN
ajfa-2028	142	3	-	-	PUNCT
ajfa-2028	142	4	correction	correction	NOUN
ajfa-2028	142	5	term	term	NOUN
ajfa-2028	142	6	(	(	PUNCT
ajfa-2028	142	7	et	et	NOUN
ajfa-2028	142	8	-	-	PUNCT
ajfa-2028	142	9	i	i	NOUN
ajfa-2028	142	10	)	)	PUNCT
ajfa-2028	142	11	depicts	depict	VERB
ajfa-2028	142	12	the	the	DET
ajfa-2028	142	13	extent	extent	NOUN
ajfa-2028	142	14	of	of	ADP
ajfa-2028	142	15	disequilibrium	disequilibrium	NOUN
ajfa-2028	142	16	between	between	ADP
ajfa-2028	142	17	a	a	DET
ajfa-2028	142	18	and	and	CCONJ
ajfa-2028	142	19	b	b	NOUN
ajfa-2028	142	20	the	the	DET
ajfa-2028	142	21	ecm	ecm	NOUN
ajfa-2028	142	22	,	,	PUNCT
ajfa-2028	142	23	reveals	reveal	VERB
ajfa-2028	142	24	further	far	ADV
ajfa-2028	142	25	that	that	SCONJ
ajfa-2028	142	26	the	the	DET
ajfa-2028	142	27	change	change	NOUN
ajfa-2028	142	28	in	in	ADP
ajfa-2028	142	29	at	at	ADP
ajfa-2028	142	30	not	not	PART
ajfa-2028	142	31	only	only	ADV
ajfa-2028	142	32	depends	depend	VERB
ajfa-2028	142	33	on	on	ADP
ajfa-2028	142	34	lagged	lag	VERB
ajfa-2028	142	35	changes	change	NOUN
ajfa-2028	142	36	in	in	ADP
ajfa-2028	142	37	bt	bt	NOUN
ajfa-2028	142	38	,	,	PUNCT
ajfa-2028	142	39	but	but	CCONJ
ajfa-2028	142	40	also	also	ADV
ajfa-2028	142	41	on	on	ADP
ajfa-2028	142	42	its	its	PRON
ajfa-2028	142	43	own	own	ADJ
ajfa-2028	142	44	lagged	lag	VERB
ajfa-2028	142	45	changes	change	NOUN
ajfa-2028	142	46	.	.	PUNCT
ajfa-2028	143	1	it	it	PRON
ajfa-2028	143	2	is	be	AUX
ajfa-2028	143	3	appealing	appeal	VERB
ajfa-2028	143	4	due	due	ADP
ajfa-2028	143	5	to	to	ADP
ajfa-2028	143	6	its	its	PRON
ajfa-2028	143	7	ability	ability	NOUN
ajfa-2028	143	8	to	to	PART
ajfa-2028	143	9	induce	induce	VERB
ajfa-2028	143	10	flexibility	flexibility	NOUN
ajfa-2028	143	11	by	by	ADP
ajfa-2028	143	12	combining	combine	VERB
ajfa-2028	143	13	the	the	DET
ajfa-2028	143	14	asian	asian	ADJ
ajfa-2028	143	15	journal	journal	NOUN
ajfa-2028	143	16	of	of	ADP
ajfa-2028	143	17	finance	finance	PROPN
ajfa-2028	143	18	&	&	CCONJ
ajfa-2028	143	19	accounting	accounting	PROPN
ajfa-2028	143	20	issn	issn	PROPN
ajfa-2028	143	21	1946	1946	NUM
ajfa-2028	143	22	-	-	PUNCT
ajfa-2028	143	23	052x	052x	NOUN
ajfa-2028	143	24	2012	2012	NUM
ajfa-2028	143	25	,	,	PUNCT
ajfa-2028	143	26	vol	vol	NOUN
ajfa-2028	143	27	.	.	PROPN
ajfa-2028	143	28	4	4	NUM
ajfa-2028	143	29	,	,	PUNCT
ajfa-2028	143	30	no	no	INTJ
ajfa-2028	143	31	.	.	NOUN
ajfa-2028	143	32	2	2	NUM
ajfa-2028	143	33	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2028	143	34	239	239	NUM
ajfa-2028	143	35	short	short	ADJ
ajfa-2028	143	36	-	-	PUNCT
ajfa-2028	143	37	run	run	NOUN
ajfa-2028	143	38	and	and	CCONJ
ajfa-2028	143	39	long	long	ADV
ajfa-2028	143	40	-	-	PUNCT
ajfa-2028	143	41	run	run	NOUN
ajfa-2028	143	42	dynamics	dynamic	NOUN
ajfa-2028	143	43	in	in	ADP
ajfa-2028	143	44	a	a	DET
ajfa-2028	143	45	unified	unified	ADJ
ajfa-2028	143	46	system	system	NOUN
ajfa-2028	143	47	.	.	PUNCT
ajfa-2028	144	1	also	also	ADV
ajfa-2028	144	2	,	,	PUNCT
ajfa-2028	144	3	the	the	DET
ajfa-2028	144	4	estimates	estimate	NOUN
ajfa-2028	144	5	of	of	ADP
ajfa-2028	144	6	the	the	DET
ajfa-2028	144	7	parameters	parameter	NOUN
ajfa-2028	144	8	of	of	ADP
ajfa-2028	144	9	the	the	DET
ajfa-2028	144	10	ecm	ecm	NOUN
ajfa-2028	144	11	are	be	AUX
ajfa-2028	144	12	generally	generally	ADV
ajfa-2028	144	13	consistent	consistent	ADJ
ajfa-2028	144	14	and	and	CCONJ
ajfa-2028	144	15	efficient	efficient	ADJ
ajfa-2028	144	16	(	(	PUNCT
ajfa-2028	144	17	granger	granger	NOUN
ajfa-2028	144	18	,	,	PUNCT
ajfa-2028	144	19	1969	1969	NUM
ajfa-2028	144	20	)	)	PUNCT
ajfa-2028	144	21	.	.	PUNCT
ajfa-2028	145	1	table	table	NOUN
ajfa-2028	145	2	1	1	NUM
ajfa-2028	145	3	.	.	PUNCT
ajfa-2028	145	4	stationary	stationary	ADJ
ajfa-2028	145	5	test	test	NOUN
ajfa-2028	145	6	variables	variable	NOUN
ajfa-2028	145	7	adf	adf	PROPN
ajfa-2028	145	8	test	test	NOUN
ajfa-2028	145	9	order	order	NOUN
ajfa-2028	145	10	of	of	ADP
ajfa-2028	145	11	integration	integration	NOUN
ajfa-2028	145	12	log	log	VERB
ajfa-2028	145	13	gdp	gdp	PROPN
ajfa-2028	145	14	0.04925	0.04925	NUM
ajfa-2028	145	15	(	(	PUNCT
ajfa-2028	145	16	-29969	-29969	ADV
ajfa-2028	145	17	)	)	PUNCT
ajfa-2028	145	18	1(1	1(1	NUM
ajfa-2028	145	19	)	)	PUNCT
ajfa-2028	145	20	log	log	NOUN
ajfa-2028	145	21	fr	fr	ADJ
ajfa-2028	145	22	-3.7333	-3.7333	NOUN
ajfa-2028	145	23	(	(	PUNCT
ajfa-2028	145	24	-3.0114	-3.0114	NOUN
ajfa-2028	145	25	)	)	PUNCT
ajfa-2028	145	26	1(0	1(0	NUM
ajfa-2028	145	27	)	)	PUNCT
ajfa-2028	146	1	log	log	NOUN
ajfa-2028	146	2	frinv	frinv	NOUN
ajfa-2028	146	3	-3.6876	-3.6876	NOUN
ajfa-2028	146	4	(	(	PUNCT
ajfa-2028	146	5	-2.9798	-2.9798	ADJ
ajfa-2028	146	6	)	)	PUNCT
ajfa-2028	146	7	1(0	1(0	NUM
ajfa-2028	146	8	)	)	PUNCT
ajfa-2028	146	9	log	log	NOUN
ajfa-2028	146	10	dsp	dsp	NOUN
ajfa-2028	146	11	-2.0299	-2.0299	NOUN
ajfa-2028	146	12	(	(	PUNCT
ajfa-2028	146	13	-2.9798	-2.9798	PROPN
ajfa-2028	146	14	)	)	PUNCT
ajfa-2028	146	15	1(1	1(1	NUM
ajfa-2028	146	16	)	)	PUNCT
ajfa-2028	146	17	a	a	DET
ajfa-2028	146	18	log	log	NOUN
ajfa-2028	146	19	open	open	ADJ
ajfa-2028	146	20	-3.5063	-3.5063	NOUN
ajfa-2028	146	21	(	(	PUNCT
ajfa-2028	146	22	-2.9850	-2.9850	NOUN
ajfa-2028	146	23	)	)	PUNCT
ajfa-2028	146	24	1(0	1(0	NUM
ajfa-2028	146	25	)	)	PUNCT
ajfa-2028	146	26	log	log	VERB
ajfa-2028	146	27	open	open	ADJ
ajfa-2028	146	28	-4.2833	-4.2833	NOUN
ajfa-2028	146	29	(	(	PUNCT
ajfa-2028	146	30	-2.9798	-2.9798	PROPN
ajfa-2028	146	31	)	)	PUNCT
ajfa-2028	146	32	1	1	NUM
ajfa-2028	146	33	(	(	PUNCT
ajfa-2028	146	34	0	0	NUM
ajfa-2028	146	35	)	)	PUNCT
ajfa-2028	146	36	log	log	NOUN
ajfa-2028	147	1	inv	inv	ADJ
ajfa-2028	147	2	-3.3697	-3.3697	PROPN
ajfa-2028	147	3	(	(	PUNCT
ajfa-2028	147	4	-2.9798	-2.9798	ADJ
ajfa-2028	147	5	)	)	PUNCT
ajfa-2028	147	6	1	1	NUM
ajfa-2028	147	7	(	(	PUNCT
ajfa-2028	147	8	0	0	NUM
ajfa-2028	147	9	)	)	PUNCT
ajfa-2028	147	10	log	log	PROPN
ajfa-2028	147	11	infl	infl	PROPN
ajfa-2028	147	12	-1.3068	-1.3068	PROPN
ajfa-2028	147	13	(	(	PUNCT
ajfa-2028	147	14	-2.9969	-2.9969	ADV
ajfa-2028	147	15	)	)	PUNCT
ajfa-2028	147	16	1(1	1(1	NUM
ajfa-2028	147	17	)	)	PUNCT
ajfa-2028	147	18	a	a	DET
ajfa-2028	147	19	log	log	NOUN
ajfa-2028	147	20	infl	infl	PROPN
ajfa-2028	147	21	-40706	-40706	PROPN
ajfa-2028	147	22	(	(	PUNCT
ajfa-2028	147	23	-3.0038	-3.0038	PROPN
ajfa-2028	147	24	)	)	PUNCT
ajfa-2028	147	25	1	1	NUM
ajfa-2028	147	26	(	(	PUNCT
ajfa-2028	147	27	0	0	NUM
ajfa-2028	147	28	)	)	PUNCT
ajfa-2028	147	29	log	log	VERB
ajfa-2028	147	30	open	open	ADJ
ajfa-2028	147	31	0.8224	0.8224	NUM
ajfa-2028	147	32	(	(	PUNCT
ajfa-2028	147	33	-2.9798	-2.9798	NOUN
ajfa-2028	147	34	)	)	PUNCT
ajfa-2028	147	35	1(1	1(1	NUM
ajfa-2028	147	36	)	)	PUNCT
ajfa-2028	147	37	a	a	DET
ajfa-2028	147	38	log	log	NOUN
ajfa-2028	147	39	open	open	ADJ
ajfa-2028	147	40	-4.1436	-4.1436	NOUN
ajfa-2028	147	41	(	(	PUNCT
ajfa-2028	147	42	-2.9850	-2.9850	X
ajfa-2028	147	43	)	)	PUNCT
ajfa-2028	147	44	1(0	1(0	NUM
ajfa-2028	147	45	)	)	PUNCT
ajfa-2028	147	46	log	log	VERB
ajfa-2028	147	47	ms	ms	PROPN
ajfa-2028	147	48	-1.1022(-2.9798	-1.1022(-2.9798	PUNCT
ajfa-2028	147	49	)	)	PUNCT
ajfa-2028	147	50	1(1	1(1	NUM
ajfa-2028	147	51	)	)	PUNCT
ajfa-2028	147	52	a	a	DET
ajfa-2028	147	53	log	log	NOUN
ajfa-2028	147	54	ms	ms	PROPN
ajfa-2028	147	55	-3.0994	-3.0994	PROPN
ajfa-2028	147	56	(	(	PUNCT
ajfa-2028	147	57	-2.9850	-2.9850	X
ajfa-2028	147	58	)	)	PUNCT
ajfa-2028	147	59	1(0	1(0	NUM
ajfa-2028	147	60	)	)	PUNCT
ajfa-2028	147	61	source	source	NOUN
ajfa-2028	147	62	:	:	PUNCT
ajfa-2028	147	63	authors	author	NOUN
ajfa-2028	147	64	’	'	PUNCT
ajfa-2028	147	65	computation	computation	NOUN
ajfa-2028	147	66	(	(	PUNCT
ajfa-2028	147	67	2012	2012	NUM
ajfa-2028	147	68	)	)	PUNCT
ajfa-2028	147	69	table	table	NOUN
ajfa-2028	147	70	2	2	NUM
ajfa-2028	147	71	.	.	PUNCT
ajfa-2028	148	1	johansen	johansen	PROPN
ajfa-2028	148	2	co	co	PROPN
ajfa-2028	148	3	-	-	NOUN
ajfa-2028	148	4	integration	integration	NOUN
ajfa-2028	148	5	test	test	NOUN
ajfa-2028	148	6	results	result	NOUN
ajfa-2028	148	7	sample	sample	NOUN
ajfa-2028	148	8	:	:	PUNCT
ajfa-2028	148	9	1970	1970	NUM
ajfa-2028	148	10	–	–	PUNCT
ajfa-2028	148	11	2010	2010	NUM
ajfa-2028	148	12	series	series	NOUN
ajfa-2028	148	13	:	:	PUNCT
ajfa-2028	148	14	log	log	PROPN
ajfa-2028	148	15	gdp	gdp	PROPN
ajfa-2028	148	16	,	,	PUNCT
ajfa-2028	148	17	log	log	VERB
ajfa-2028	148	18	fr	fr	ADV
ajfa-2028	148	19	,	,	PUNCT
ajfa-2028	148	20	log	log	PROPN
ajfa-2028	148	21	dsk	dsk	PROPN
ajfa-2028	148	22	,	,	PUNCT
ajfa-2028	148	23	log	log	PROPN
ajfa-2028	148	24	dsp	dsp	NOUN
ajfa-2028	148	25	,	,	PUNCT
ajfa-2028	148	26	log	log	VERB
ajfa-2028	148	27	open	open	ADJ
ajfa-2028	148	28	,	,	PUNCT
ajfa-2028	148	29	eigen	eigen	PROPN
ajfa-2028	148	30	value	value	NOUN
ajfa-2028	148	31	likelihood	likelihood	NOUN
ajfa-2028	148	32	ratio	ratio	NOUN
ajfa-2028	148	33	5	5	NUM
ajfa-2028	148	34	%	%	NOUN
ajfa-2028	148	35	1	1	NUM
ajfa-2028	148	36	%	%	NOUN
ajfa-2028	148	37	hypothesized	hypothesize	VERB
ajfa-2028	148	38	critical	critical	ADJ
ajfa-2028	148	39	critical	critical	ADJ
ajfa-2028	148	40	no	no	NOUN
ajfa-2028	148	41	.	.	PUNCT
ajfa-2028	148	42	of	of	ADP
ajfa-2028	148	43	ce(s	ce(s	ADJ
ajfa-2028	148	44	)	)	PUNCT
ajfa-2028	148	45	value	value	NOUN
ajfa-2028	148	46	value	value	NOUN
ajfa-2028	148	47	0.84	0.84	NUM
ajfa-2028	148	48	114.3228	114.3228	NUM
ajfa-2028	148	49	94.15	94.15	NUM
ajfa-2028	148	50	103.18	103.18	NUM
ajfa-2028	148	51	none	none	NOUN
ajfa-2028	148	52	*	*	NOUN
ajfa-2028	148	53	*	*	PUNCT
ajfa-2028	148	54	note	note	NOUN
ajfa-2028	148	55	:*	:*	PROPN
ajfa-2028	148	56	(	(	PUNCT
ajfa-2028	148	57	*	*	PUNCT
ajfa-2028	148	58	*	*	PUNCT
ajfa-2028	148	59	)	)	PUNCT
ajfa-2028	148	60	(	(	PUNCT
ajfa-2028	148	61	denotes	denote	NOUN
ajfa-2028	148	62	rejection	rejection	NOUN
ajfa-2028	148	63	of	of	ADP
ajfa-2028	148	64	the	the	DET
ajfa-2028	148	65	hypothesis	hypothesis	NOUN
ajfa-2028	148	66	at	at	ADP
ajfa-2028	148	67	5	5	NUM
ajfa-2028	148	68	%	%	NOUN
ajfa-2028	148	69	(	(	PUNCT
ajfa-2028	148	70	1	1	NUM
ajfa-2028	148	71	%	%	NOUN
ajfa-2028	148	72	)	)	PUNCT
ajfa-2028	148	73	significance	significance	NOUN
ajfa-2028	148	74	level	level	NOUN
ajfa-2028	148	75	.	.	PUNCT
ajfa-2028	149	1	l.	l.	PROPN
ajfa-2028	149	2	r.	r.	PROPN
ajfa-2028	149	3	test	test	PROPN
ajfa-2028	149	4	indicates	indicate	VERB
ajfa-2028	149	5	2	2	NUM
ajfa-2028	149	6	co	co	NOUN
ajfa-2028	149	7	-	-	NOUN
ajfa-2028	149	8	integration	integration	NOUN
ajfa-2028	149	9	equation(s	equation(s	NOUN
ajfa-2028	149	10	)	)	PUNCT
ajfa-2028	149	11	at	at	ADP
ajfa-2028	149	12	5	5	NUM
ajfa-2028	149	13	%	%	NOUN
ajfa-2028	149	14	significance	significance	NOUN
ajfa-2028	149	15	level	level	NOUN
ajfa-2028	149	16	.	.	PUNCT
ajfa-2028	150	1	lags	lag	VERB
ajfa-2028	150	2	interval	interval	NOUN
ajfa-2028	150	3	:	:	PUNCT
ajfa-2028	150	4	1	1	NUM
ajfa-2028	150	5	to	to	ADP
ajfa-2028	150	6	l	l	NOUN
ajfa-2028	150	7	source	source	NOUN
ajfa-2028	150	8	:	:	PUNCT
ajfa-2028	150	9	authors	author	NOUN
ajfa-2028	150	10	’	'	PUNCT
ajfa-2028	150	11	computation	computation	NOUN
ajfa-2028	150	12	(	(	PUNCT
ajfa-2028	150	13	2012	2012	NUM
ajfa-2028	150	14	)	)	PUNCT
ajfa-2028	150	15	asian	asian	ADJ
ajfa-2028	150	16	journal	journal	NOUN
ajfa-2028	150	17	of	of	ADP
ajfa-2028	150	18	finance	finance	PROPN
ajfa-2028	150	19	&	&	CCONJ
ajfa-2028	150	20	accounting	accounting	PROPN
ajfa-2028	150	21	issn	issn	PROPN
ajfa-2028	150	22	1946	1946	NUM
ajfa-2028	150	23	-	-	PUNCT
ajfa-2028	150	24	052x	052x	NOUN
ajfa-2028	150	25	2012	2012	NUM
ajfa-2028	150	26	,	,	PUNCT
ajfa-2028	150	27	vol	vol	NOUN
ajfa-2028	150	28	.	.	PROPN
ajfa-2028	150	29	4	4	NUM
ajfa-2028	150	30	,	,	PUNCT
ajfa-2028	150	31	no	no	INTJ
ajfa-2028	150	32	.	.	NOUN
ajfa-2028	150	33	2	2	NUM
ajfa-2028	150	34	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2028	150	35	240	240	NUM
ajfa-2028	150	36	table	table	NOUN
ajfa-2028	150	37	3	3	NUM
ajfa-2028	150	38	.	.	PUNCT
ajfa-2028	150	39	long	long	ADJ
ajfa-2028	150	40	-	-	PUNCT
ajfa-2028	150	41	run	run	VERB
ajfa-2028	150	42	capital	capital	NOUN
ajfa-2028	150	43	adequacy	adequacy	NOUN
ajfa-2028	150	44	determinants	determinant	NOUN
ajfa-2028	150	45	model	model	NOUN
ajfa-2028	150	46	estimates	estimate	NOUN
ajfa-2028	150	47	modeling	model	VERB
ajfa-2028	150	48	log	log	PROPN
ajfa-2028	150	49	(	(	PUNCT
ajfa-2028	150	50	pcgdp	pcgdp	NOUN
ajfa-2028	150	51	)	)	PUNCT
ajfa-2028	150	52	by	by	ADP
ajfa-2028	150	53	ols	ol	NOUN
ajfa-2028	150	54	sample	sample	NOUN
ajfa-2028	150	55	:	:	PUNCT
ajfa-2028	151	1	1970	1970	NUM
ajfa-2028	151	2	–	–	PUNCT
ajfa-2028	151	3	2010	2010	NUM
ajfa-2028	151	4	variable	variable	ADJ
ajfa-2028	151	5	co	co	ADJ
ajfa-2028	151	6	-	-	ADJ
ajfa-2028	151	7	efficient	efficient	ADJ
ajfa-2028	151	8	t	t	NOUN
ajfa-2028	151	9	-	-	PUNCT
ajfa-2028	151	10	value	value	NOUN
ajfa-2028	151	11	log	log	NOUN
ajfa-2028	151	12	pcgdp	pcgdp	NOUN
ajfa-2028	151	13	log	log	NOUN
ajfa-2028	152	1	fr	fr	INTJ
ajfa-2028	153	1	log	log	VERB
ajfa-2028	153	2	open	open	ADJ
ajfa-2028	153	3	log	log	NOUN
ajfa-2028	153	4	dsp	dsp	PROPN
ajfa-2028	153	5	0.6772	0.6772	NUM
ajfa-2028	153	6	-0.1325	-0.1325	NOUN
ajfa-2028	153	7	0.2896	0.2896	NUM
ajfa-2028	153	8	0.6427	0.6427	NUM
ajfa-2028	153	9	3.4397	3.4397	NUM
ajfa-2028	153	10	*	*	PUNCT
ajfa-2028	153	11	*	*	PUNCT
ajfa-2028	153	12	*	*	PUNCT
ajfa-2028	153	13	-1.2558	-1.2558	VERB
ajfa-2028	153	14	5.1303	5.1303	NUM
ajfa-2028	153	15	30.9551	30.9551	NUM
ajfa-2028	153	16	*	*	PUNCT
ajfa-2028	153	17	*	*	PUNCT
ajfa-2028	153	18	*	*	PUNCT
ajfa-2028	153	19	notes	note	NOUN
ajfa-2028	153	20	:	:	PUNCT
ajfa-2028	153	21	adj	adj	X
ajfa-2028	153	22	.	.	PROPN
ajfa-2028	154	1	r2	r2	PROPN
ajfa-2028	154	2	=	=	PROPN
ajfa-2028	154	3	0.72	0.72	NUM
ajfa-2028	154	4	f	f	NOUN
ajfa-2028	154	5	=	=	SYM
ajfa-2028	154	6	21.327	21.327	NUM
ajfa-2028	154	7	a=	a=	NOUN
ajfa-2028	154	8	0.45	0.45	NUM
ajfa-2028	154	9	r2	r2	NOUN
ajfa-2028	154	10	=	=	PUNCT
ajfa-2028	154	11	0.75	0.75	NUM
ajfa-2028	154	12	prob(f	prob(f	NOUN
ajfa-2028	154	13	--	--	PUNCT
ajfa-2028	154	14	statistic)=0.00000	statistic)=0.00000	PROPN
ajfa-2028	154	15	dw	dw	NOUN
ajfa-2028	154	16	=	=	SYM
ajfa-2028	154	17	1.87	1.87	NUM
ajfa-2028	154	18	schwarz	schwarz	PROPN
ajfa-2028	154	19	information	information	NOUN
ajfa-2028	154	20	criterion	criterion	NOUN
ajfa-2028	154	21	1.561	1.561	NUM
ajfa-2028	154	22	*	*	PUNCT
ajfa-2028	154	23	significant	significant	ADJ
ajfa-2028	154	24	at	at	ADP
ajfa-2028	154	25	1	1	NUM
ajfa-2028	154	26	%	%	NOUN
ajfa-2028	154	27	level	level	NOUN
ajfa-2028	154	28	*	*	PUNCT
ajfa-2028	155	1	*	*	NOUN
ajfa-2028	155	2	significant	significant	ADJ
ajfa-2028	155	3	at	at	ADP
ajfa-2028	155	4	5	5	NUM
ajfa-2028	155	5	%	%	NOUN
ajfa-2028	155	6	level	level	NOUN
ajfa-2028	155	7	*	*	PUNCT
ajfa-2028	155	8	*	*	PUNCT
ajfa-2028	155	9	*	*	PUNCT
ajfa-2028	155	10	significant	significant	ADJ
ajfa-2028	155	11	at	at	ADP
ajfa-2028	155	12	10	10	NUM
ajfa-2028	155	13	%	%	NOUN
ajfa-2028	155	14	level	level	NOUN
ajfa-2028	155	15	a	a	PRON
ajfa-2028	155	16	=	=	X
ajfa-2028	155	17	s.	s.	PROPN
ajfa-2028	155	18	e.	e.	PROPN
ajfa-2028	155	19	of	of	ADP
ajfa-2028	155	20	regression	regression	PROPN
ajfa-2028	155	21	source	source	NOUN
ajfa-2028	155	22	:	:	PUNCT
ajfa-2028	155	23	authors	author	NOUN
ajfa-2028	155	24	’	'	PUNCT
ajfa-2028	155	25	computation	computation	NOUN
ajfa-2028	155	26	(	(	PUNCT
ajfa-2028	155	27	2012	2012	NUM
ajfa-2028	155	28	)	)	PUNCT
ajfa-2028	155	29	table	table	NOUN
ajfa-2028	155	30	4	4	NUM
ajfa-2028	155	31	.	.	PUNCT
ajfa-2028	155	32	short	short	ADJ
ajfa-2028	155	33	-	-	PUNCT
ajfa-2028	155	34	run	run	NOUN
ajfa-2028	155	35	over	over	ADP
ajfa-2028	155	36	—	—	PUNCT
ajfa-2028	155	37	parameterized	parameterized	ADJ
ajfa-2028	155	38	capital	capital	NOUN
ajfa-2028	155	39	adequacy	adequacy	NOUN
ajfa-2028	155	40	determinants	determinant	NOUN
ajfa-2028	155	41	model	model	NOUN
ajfa-2028	155	42	model	model	NOUN
ajfa-2028	155	43	log	log	PROPN
ajfa-2028	155	44	(	(	PUNCT
ajfa-2028	155	45	pcgdp	pcgdp	NOUN
ajfa-2028	155	46	)	)	PUNCT
ajfa-2028	155	47	by	by	ADP
ajfa-2028	155	48	ols	ol	NOUN
ajfa-2028	155	49	sample	sample	NOUN
ajfa-2028	155	50	:	:	PUNCT
ajfa-2028	155	51	1970	1970	NUM
ajfa-2028	155	52	—	—	PUNCT
ajfa-2028	155	53	2010	2010	NUM
ajfa-2028	155	54	variables	variable	NOUN
ajfa-2028	155	55	constant	constant	ADJ
ajfa-2028	155	56	∆	∆	X
ajfa-2028	155	57	logcad(-1	logcad(-1	PROPN
ajfa-2028	155	58	)	)	PUNCT
ajfa-2028	155	59	∆	∆	PROPN
ajfa-2028	155	60	logfr	logfr	ADJ
ajfa-2028	155	61	∆	∆	X
ajfa-2028	155	62	logfr(-1	logfr(-1	ADJ
ajfa-2028	155	63	)	)	PUNCT
ajfa-2028	155	64	∆	∆	PROPN
ajfa-2028	155	65	logdsk	logdsk	PROPN
ajfa-2028	155	66	∆	∆	PROPN
ajfa-2028	155	67	log	log	NOUN
ajfa-2028	155	68	dsk	dsk	PROPN
ajfa-2028	155	69	(	(	PUNCT
ajfa-2028	155	70	-1	-1	ADJ
ajfa-2028	155	71	)	)	PUNCT
ajfa-2028	155	72	∆	∆	PROPN
ajfa-2028	155	73	frinv	frinv	NOUN
ajfa-2028	155	74	∆	∆	X
ajfa-2028	155	75	frinv(-1	frinv(-1	NUM
ajfa-2028	155	76	)	)	PUNCT
ajfa-2028	155	77	∆	∆	PROPN
ajfa-2028	155	78	logdsp	logdsp	NOUN
ajfa-2028	155	79	∆	∆	PROPN
ajfa-2028	155	80	logdsp(-l	logdsp(-l	NOUN
ajfa-2028	155	81	)	)	PUNCT
ajfa-2028	155	82	∆	∆	PROPN
ajfa-2028	155	83	log	log	VERB
ajfa-2028	155	84	open	open	ADJ
ajfa-2028	155	85	∆	∆	X
ajfa-2028	155	86	log	log	VERB
ajfa-2028	155	87	open	open	ADJ
ajfa-2028	155	88	(	(	PUNCT
ajfa-2028	155	89	-1	-1	ADJ
ajfa-2028	155	90	)	)	PUNCT
ajfa-2028	155	91	pol	pol	NOUN
ajfa-2028	155	92	ecm(-1	ecm(-1	PROPN
ajfa-2028	155	93	)	)	PUNCT
ajfa-2028	155	94	co	co	ADJ
ajfa-2028	155	95	-	-	ADJ
ajfa-2028	155	96	efficient	efficient	ADJ
ajfa-2028	155	97	1.2840	1.2840	NUM
ajfa-2028	155	98	-0.5866	-0.5866	NOUN
ajfa-2028	155	99	-0.2160	-0.2160	VERB
ajfa-2028	156	1	0.1434	0.1434	NUM
ajfa-2028	156	2	0.9177	0.9177	NUM
ajfa-2028	156	3	0.5939	0.5939	NUM
ajfa-2028	156	4	-0.0096	-0.0096	NOUN
ajfa-2028	156	5	-0.0175	-0.0175	PROPN
ajfa-2028	156	6	-0.3253	-0.3253	PROPN
ajfa-2028	157	1	0.6758	0.6758	NUM
ajfa-2028	157	2	-0.1542	-0.1542	ADJ
ajfa-2028	157	3	-0.1861	-0.1861	NOUN
ajfa-2028	157	4	-0.0933	-0.0933	PROPN
ajfa-2028	157	5	-0.5414	-0.5414	NOUN
ajfa-2028	157	6	t	t	NOUN
ajfa-2028	157	7	-	-	PUNCT
ajfa-2028	157	8	value	value	NOUN
ajfa-2028	157	9	2.6798	2.6798	NUM
ajfa-2028	157	10	-3.9531	-3.9531	NOUN
ajfa-2028	157	11	*	*	PUNCT
ajfa-2028	157	12	*	*	PUNCT
ajfa-2028	157	13	*	*	PUNCT
ajfa-2028	157	14	-0.8619	-0.8619	NOUN
ajfa-2028	158	1	0.7085	0.7085	NUM
ajfa-2028	158	2	3.5113	3.5113	NUM
ajfa-2028	158	3	*	*	PUNCT
ajfa-2028	158	4	*	*	PUNCT
ajfa-2028	158	5	*	*	PUNCT
ajfa-2028	158	6	0.7142	0.7142	NUM
ajfa-2028	158	7	-0.8264	-0.8264	NOUN
ajfa-2028	158	8	-1.5620	-1.5620	ADJ
ajfa-2028	158	9	-1.0929	-1.0929	NOUN
ajfa-2028	158	10	1.8781	1.8781	NUM
ajfa-2028	158	11	-0.5330	-0.5330	PROPN
ajfa-2028	158	12	-0.6258	-0.6258	PROPN
ajfa-2028	158	13	-0.5043	-0.5043	NOUN
ajfa-2028	159	1	2.4385	2.4385	NUM
ajfa-2028	159	2	*	*	SYM
ajfa-2028	159	3	*	*	NOUN
ajfa-2028	159	4	notes	note	NOUN
ajfa-2028	159	5	:	:	PUNCT
ajfa-2028	159	6	r2	r2	PROPN
ajfa-2028	159	7	=	=	PUNCT
ajfa-2028	159	8	0.93	0.93	NUM
ajfa-2028	159	9	f=10.01	f=10.01	NOUN
ajfa-2028	159	10	a=0.200	a=0.200	X
ajfa-2028	159	11	adj	adj	PROPN
ajfa-2028	159	12	r2	r2	PROPN
ajfa-2028	159	13	=	=	PROPN
ajfa-2028	159	14	0.83	0.83	NUM
ajfa-2028	159	15	prob	prob	NOUN
ajfa-2028	159	16	(	(	PUNCT
ajfa-2028	159	17	f	f	PROPN
ajfa-2028	159	18	—	—	PUNCT
ajfa-2028	159	19	statistic	statistic	ADJ
ajfa-2028	159	20	)	)	PUNCT
ajfa-2028	159	21	=	=	PUNCT
ajfa-2028	159	22	0.007975	0.007975	NUM
ajfa-2028	159	23	dw=	dw=	NOUN
ajfa-2028	159	24	136	136	NUM
ajfa-2028	159	25	schwarz	schwarz	PROPN
ajfa-2028	159	26	information	information	NOUN
ajfa-2028	159	27	criterion	criterion	NOUN
ajfa-2028	159	28	=	=	NOUN
ajfa-2028	159	29	0.7	0.7	NUM
ajfa-2028	159	30	05	05	NUM
ajfa-2028	159	31	source	source	NOUN
ajfa-2028	159	32	:	:	PUNCT
ajfa-2028	159	33	authors	author	NOUN
ajfa-2028	159	34	’	'	PUNCT
ajfa-2028	159	35	computation	computation	NOUN
ajfa-2028	159	36	(	(	PUNCT
ajfa-2028	159	37	2012	2012	NUM
ajfa-2028	159	38	)	)	PUNCT
ajfa-2028	159	39	asian	asian	ADJ
ajfa-2028	159	40	journal	journal	NOUN
ajfa-2028	159	41	of	of	ADP
ajfa-2028	159	42	finance	finance	PROPN
ajfa-2028	159	43	&	&	CCONJ
ajfa-2028	159	44	accounting	accounting	PROPN
ajfa-2028	159	45	issn	issn	PROPN
ajfa-2028	159	46	1946	1946	NUM
ajfa-2028	159	47	-	-	PUNCT
ajfa-2028	159	48	052x	052x	NOUN
ajfa-2028	159	49	2012	2012	NUM
ajfa-2028	159	50	,	,	PUNCT
ajfa-2028	159	51	vol	vol	NOUN
ajfa-2028	159	52	.	.	PROPN
ajfa-2028	159	53	4	4	NUM
ajfa-2028	159	54	,	,	PUNCT
ajfa-2028	159	55	no	no	INTJ
ajfa-2028	159	56	.	.	NOUN
ajfa-2028	159	57	2	2	NUM
ajfa-2028	159	58	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NOUN
ajfa-2028	159	59	241	241	NUM
ajfa-2028	159	60	table	table	VERB
ajfa-2028	159	61	5	5	NUM
ajfa-2028	159	62	.	.	PUNCT
ajfa-2028	159	63	short	short	ADJ
ajfa-2028	159	64	-	-	PUNCT
ajfa-2028	159	65	run	run	VERB
ajfa-2028	159	66	parsimonious	parsimonious	ADJ
ajfa-2028	159	67	model	model	NOUN
ajfa-2028	159	68	estimates	estimate	NOUN
ajfa-2028	159	69	modeling	model	VERB
ajfa-2028	159	70	log	log	PROPN
ajfa-2028	159	71	(	(	PUNCT
ajfa-2028	159	72	pcgdp	pcgdp	NOUN
ajfa-2028	159	73	)	)	PUNCT
ajfa-2028	159	74	by	by	ADP
ajfa-2028	159	75	ols	ol	NOUN
ajfa-2028	159	76	sample	sample	NOUN
ajfa-2028	159	77	:	:	PUNCT
ajfa-2028	159	78	1970	1970	NUM
ajfa-2028	159	79	–	–	PUNCT
ajfa-2028	159	80	2010	2010	NUM
ajfa-2028	159	81	variables	variable	NOUN
ajfa-2028	159	82	co	co	ADJ
ajfa-2028	159	83	-	-	ADJ
ajfa-2028	159	84	efficient	efficient	ADJ
ajfa-2028	159	85	t	t	NOUN
ajfa-2028	159	86	-	-	PUNCT
ajfa-2028	159	87	value	value	NOUN
ajfa-2028	159	88	constant	constant	ADJ
ajfa-2028	159	89	log	log	NOUN
ajfa-2028	159	90	pcgdp	pcgdp	NOUN
ajfa-2028	159	91	(	(	PUNCT
ajfa-2028	159	92	-1	-1	PUNCT
ajfa-2028	159	93	)	)	PUNCT
ajfa-2028	159	94	log	log	NOUN
ajfa-2028	159	95	fr	fr	PROPN
ajfa-2028	159	96	log	log	NOUN
ajfa-2028	159	97	dsk	dsk	PROPN
ajfa-2028	159	98	log	log	NOUN
ajfa-2028	159	99	frinv	frinv	NOUN
ajfa-2028	159	100	(	(	PUNCT
ajfa-2028	159	101	-1	-1	PUNCT
ajfa-2028	159	102	)	)	PUNCT
ajfa-2028	159	103	log	log	NOUN
ajfa-2028	159	104	dsp	dsp	NOUN
ajfa-2028	159	105	log	log	VERB
ajfa-2028	159	106	open	open	ADJ
ajfa-2028	159	107	(	(	PUNCT
ajfa-2028	159	108	-1	-1	ADJ
ajfa-2028	159	109	)	)	PUNCT
ajfa-2028	159	110	pol	pol	NOUN
ajfa-2028	159	111	ecm	ecm	PROPN
ajfa-2028	159	112	(	(	PUNCT
ajfa-2028	159	113	-1	-1	ADJ
ajfa-2028	159	114	)	)	PUNCT
ajfa-2028	159	115	1.648	1.648	NUM
ajfa-2028	159	116	-0.6818	-0.6818	VERB
ajfa-2028	159	117	0.0265	0.0265	NUM
ajfa-2028	159	118	0.8227	0.8227	NUM
ajfa-2028	159	119	-0.0193	-0.0193	NOUN
ajfa-2028	160	1	-0.1811	-0.1811	INTJ
ajfa-2028	160	2	-0.2630	-0.2630	INTJ
ajfa-2028	160	3	-0.2672	-0.2672	VERB
ajfa-2028	160	4	0.44711	0.44711	NUM
ajfa-2028	160	5	-1.2350	-1.2350	NOUN
ajfa-2028	161	1	0.3498	0.3498	NUM
ajfa-2028	161	2	-10.5611	-10.5611	PUNCT
ajfa-2028	161	3	3.9047	3.9047	NUM
ajfa-2028	161	4	-3.816	-3.816	NOUN
ajfa-2028	161	5	*	*	PUNCT
ajfa-2028	161	6	*	*	PUNCT
ajfa-2028	162	1	*	*	PUNCT
ajfa-2028	162	2	0.357	0.357	NUM
ajfa-2028	162	3	3.1236	3.1236	NUM
ajfa-2028	162	4	*	*	PUNCT
ajfa-2028	162	5	*	*	PUNCT
ajfa-2028	162	6	*	*	NOUN
ajfa-2028	162	7	-5.0554	-5.0554	NOUN
ajfa-2028	162	8	*	*	PUNCT
ajfa-2028	162	9	*	*	PUNCT
ajfa-2028	162	10	*	*	PUNCT
ajfa-2028	162	11	-0.5548	-0.5548	NOUN
ajfa-2028	162	12	-1.3896	-1.3896	PUNCT
ajfa-2028	163	1	*	*	PUNCT
ajfa-2028	163	2	*	*	PUNCT
ajfa-2028	163	3	-1.4278	-1.4278	NOUN
ajfa-2028	164	1	2.2388	2.2388	NUM
ajfa-2028	164	2	*	*	NOUN
ajfa-2028	164	3	*	*	PUNCT
ajfa-2028	164	4	-4.7628	-4.7628	X
ajfa-2028	164	5	*	*	PUNCT
ajfa-2028	164	6	*	*	PUNCT
ajfa-2028	164	7	*	*	PUNCT
ajfa-2028	165	1	3.5534	3.5534	NUM
ajfa-2028	165	2	*	*	PUNCT
ajfa-2028	165	3	*	*	PUNCT
ajfa-2028	165	4	*	*	PUNCT
ajfa-2028	165	5	-2.9942	-2.9942	NOUN
ajfa-2028	165	6	*	*	PUNCT
ajfa-2028	165	7	*	*	PUNCT
ajfa-2028	165	8	*	*	PUNCT
ajfa-2028	165	9	notes	note	NOUN
ajfa-2028	165	10	:	:	PUNCT
ajfa-2028	166	1	r2	r2	NOUN
ajfa-2028	166	2	=	=	PROPN
ajfa-2028	166	3	0.89	0.89	NUM
ajfa-2028	166	4	f	f	NOUN
ajfa-2028	166	5	=	=	SYM
ajfa-2028	166	6	10.09	10.09	NUM
ajfa-2028	166	7	a	a	DET
ajfa-2028	166	8	=	=	NOUN
ajfa-2028	166	9	0.24	0.24	NUM
ajfa-2028	166	10	*	*	PUNCT
ajfa-2028	166	11	*	*	PUNCT
ajfa-2028	166	12	*	*	PUNCT
ajfa-2028	166	13	significant	significant	ADJ
ajfa-2028	166	14	at	at	ADP
ajfa-2028	166	15	1	1	NUM
ajfa-2028	166	16	%	%	NOUN
ajfa-2028	166	17	adj	adj	X
ajfa-2028	166	18	r2	r2	PROPN
ajfa-2028	166	19	:	:	PUNCT
ajfa-2028	166	20	0.80	0.80	NUM
ajfa-2028	166	21	prob	prob	NOUN
ajfa-2028	166	22	(	(	PUNCT
ajfa-2028	166	23	f	f	NOUN
ajfa-2028	166	24	-	-	PUNCT
ajfa-2028	166	25	statistic	statistic	NOUN
ajfa-2028	166	26	)	)	PUNCT
ajfa-2028	166	27	=	=	PUNCT
ajfa-2028	167	1	0.000266	0.000266	NUM
ajfa-2028	167	2	*	*	PUNCT
ajfa-2028	167	3	*	*	PUNCT
ajfa-2028	167	4	significant	significant	ADJ
ajfa-2028	167	5	at	at	ADP
ajfa-2028	167	6	5	5	NUM
ajfa-2028	167	7	%	%	NOUN
ajfa-2028	167	8	dw=2.11	dw=2.11	ADJ
ajfa-2028	167	9	schwarz	schwarz	PROPN
ajfa-2028	167	10	information	information	NOUN
ajfa-2028	167	11	criterion	criterion	NOUN
ajfa-2028	167	12	=	=	PUNCT
ajfa-2028	167	13	1.10	1.10	NUM
ajfa-2028	167	14	*	*	PUNCT
ajfa-2028	167	15	significant	significant	ADJ
ajfa-2028	167	16	at	at	ADP
ajfa-2028	167	17	10	10	NUM
ajfa-2028	167	18	%	%	NOUN
ajfa-2028	167	19	source	source	NOUN
ajfa-2028	167	20	:	:	PUNCT
ajfa-2028	167	21	authors	author	NOUN
ajfa-2028	167	22	’	'	PUNCT
ajfa-2028	167	23	computation	computation	NOUN
ajfa-2028	167	24	(	(	PUNCT
ajfa-2028	167	25	2012	2012	NUM
ajfa-2028	167	26	)	)	PUNCT
ajfa-2028	167	27	4	4	NUM
ajfa-2028	167	28	.	.	PUNCT
ajfa-2028	167	29	empirical	empirical	ADJ
ajfa-2028	167	30	results	result	NOUN
ajfa-2028	167	31	and	and	CCONJ
ajfa-2028	167	32	findings	finding	NOUN
ajfa-2028	167	33	it	it	PRON
ajfa-2028	167	34	was	be	AUX
ajfa-2028	167	35	discovered	discover	VERB
ajfa-2028	167	36	through	through	ADP
ajfa-2028	167	37	this	this	DET
ajfa-2028	167	38	study	study	NOUN
ajfa-2028	167	39	that	that	SCONJ
ajfa-2028	167	40	,	,	PUNCT
ajfa-2028	167	41	there	there	PRON
ajfa-2028	167	42	were	be	VERB
ajfa-2028	167	43	long	long	ADJ
ajfa-2028	167	44	run	run	NOUN
ajfa-2028	167	45	relationship	relationship	NOUN
ajfa-2028	167	46	between	between	ADP
ajfa-2028	167	47	total	total	ADJ
ajfa-2028	167	48	debt	debt	NOUN
ajfa-2028	167	49	stock	stock	NOUN
ajfa-2028	167	50	,	,	PUNCT
ajfa-2028	167	51	debt	debt	NOUN
ajfa-2028	167	52	service	service	NOUN
ajfa-2028	167	53	payment	payment	NOUN
ajfa-2028	167	54	and	and	CCONJ
ajfa-2028	167	55	political	political	ADJ
ajfa-2028	167	56	instability	instability	NOUN
ajfa-2028	167	57	.	.	PUNCT
ajfa-2028	168	1	also	also	ADV
ajfa-2028	168	2	,	,	PUNCT
ajfa-2028	168	3	all	all	DET
ajfa-2028	168	4	the	the	DET
ajfa-2028	168	5	variables	variable	NOUN
ajfa-2028	168	6	employed	employ	VERB
ajfa-2028	168	7	in	in	ADP
ajfa-2028	168	8	this	this	DET
ajfa-2028	168	9	study	study	NOUN
ajfa-2028	168	10	were	be	AUX
ajfa-2028	168	11	all	all	ADV
ajfa-2028	168	12	stationary	stationary	ADJ
ajfa-2028	168	13	at	at	ADP
ajfa-2028	168	14	their	their	PRON
ajfa-2028	168	15	first	first	ADJ
ajfa-2028	168	16	difference	difference	NOUN
ajfa-2028	168	17	except	except	SCONJ
ajfa-2028	168	18	foreign	foreign	ADJ
ajfa-2028	168	19	investment	investment	NOUN
ajfa-2028	168	20	that	that	PRON
ajfa-2028	168	21	is	be	AUX
ajfa-2028	168	22	stationary	stationary	ADJ
ajfa-2028	168	23	at	at	ADP
ajfa-2028	168	24	its	its	PRON
ajfa-2028	168	25	level	level	NOUN
ajfa-2028	168	26	.	.	PUNCT
ajfa-2028	169	1	there	there	PRON
ajfa-2028	169	2	are	be	VERB
ajfa-2028	169	3	some	some	DET
ajfa-2028	169	4	major	major	ADJ
ajfa-2028	169	5	findings	finding	NOUN
ajfa-2028	169	6	that	that	SCONJ
ajfa-2028	169	7	this	this	DET
ajfa-2028	169	8	study	study	NOUN
ajfa-2028	169	9	has	have	AUX
ajfa-2028	169	10	revealed	reveal	VERB
ajfa-2028	169	11	.	.	PUNCT
ajfa-2028	170	1	from	from	ADP
ajfa-2028	170	2	the	the	DET
ajfa-2028	170	3	result	result	NOUN
ajfa-2028	170	4	of	of	ADP
ajfa-2028	170	5	the	the	DET
ajfa-2028	170	6	study	study	NOUN
ajfa-2028	170	7	,	,	PUNCT
ajfa-2028	170	8	one	one	PRON
ajfa-2028	170	9	could	could	AUX
ajfa-2028	170	10	see	see	VERB
ajfa-2028	170	11	that	that	PRON
ajfa-2028	170	12	total	total	ADJ
ajfa-2028	170	13	debt	debt	NOUN
ajfa-2028	170	14	stock	stock	NOUN
ajfa-2028	170	15	has	have	VERB
ajfa-2028	170	16	a	a	DET
ajfa-2028	170	17	positive	positive	ADJ
ajfa-2028	170	18	relationship	relationship	NOUN
ajfa-2028	170	19	with	with	ADP
ajfa-2028	170	20	per	per	ADP
ajfa-2028	170	21	-	-	PUNCT
ajfa-2028	170	22	capita	capita	NOUN
ajfa-2028	170	23	gross	gross	ADJ
ajfa-2028	170	24	domestic	domestic	ADJ
ajfa-2028	170	25	product	product	NOUN
ajfa-2028	170	26	in	in	ADP
ajfa-2028	170	27	nigeria	nigeria	PROPN
ajfa-2028	170	28	.	.	PUNCT
ajfa-2028	171	1	its	its	PRON
ajfa-2028	171	2	high	high	ADJ
ajfa-2028	171	3	coefficient	coefficient	NOUN
ajfa-2028	171	4	and	and	CCONJ
ajfa-2028	171	5	very	very	ADV
ajfa-2028	171	6	strong	strong	ADJ
ajfa-2028	171	7	level	level	NOUN
ajfa-2028	171	8	of	of	ADP
ajfa-2028	171	9	significance	significance	NOUN
ajfa-2028	171	10	even	even	ADV
ajfa-2028	171	11	at	at	ADP
ajfa-2028	171	12	one	one	NUM
ajfa-2028	171	13	percent	percent	NOUN
ajfa-2028	171	14	suggests	suggest	VERB
ajfa-2028	171	15	that	that	SCONJ
ajfa-2028	171	16	increase	increase	VERB
ajfa-2028	171	17	in	in	ADP
ajfa-2028	171	18	total	total	ADJ
ajfa-2028	171	19	debt	debt	NOUN
ajfa-2028	171	20	stock	stock	NOUN
ajfa-2028	171	21	leads	lead	VERB
ajfa-2028	171	22	to	to	ADP
ajfa-2028	171	23	an	an	DET
ajfa-2028	171	24	increase	increase	NOUN
ajfa-2028	171	25	in	in	ADP
ajfa-2028	171	26	per	per	ADP
ajfa-2028	171	27	-	-	PUNCT
ajfa-2028	171	28	capita	capita	NOUN
ajfa-2028	171	29	gross	gross	ADJ
ajfa-2028	171	30	domestic	domestic	ADJ
ajfa-2028	171	31	product	product	NOUN
ajfa-2028	171	32	.	.	PUNCT
ajfa-2028	172	1	also	also	ADV
ajfa-2028	172	2	even	even	ADV
ajfa-2028	172	3	other	other	ADJ
ajfa-2028	172	4	independent	independent	ADJ
ajfa-2028	172	5	variables	variable	NOUN
ajfa-2028	172	6	are	be	AUX
ajfa-2028	172	7	relevant	relevant	ADJ
ajfa-2028	172	8	.	.	PUNCT
ajfa-2028	173	1	lastly	lastly	ADV
ajfa-2028	173	2	,	,	PUNCT
ajfa-2028	173	3	the	the	DET
ajfa-2028	173	4	political	political	ADJ
ajfa-2028	173	5	dummy	dummy	NOUN
ajfa-2028	173	6	used	use	VERB
ajfa-2028	173	7	as	as	ADP
ajfa-2028	173	8	proxy	proxy	NOUN
ajfa-2028	173	9	for	for	ADP
ajfa-2028	173	10	political	political	ADJ
ajfa-2028	173	11	instability	instability	NOUN
ajfa-2028	173	12	was	be	AUX
ajfa-2028	173	13	appropriately	appropriately	ADV
ajfa-2028	173	14	signed	sign	VERB
ajfa-2028	173	15	indicating	indicate	VERB
ajfa-2028	173	16	that	that	SCONJ
ajfa-2028	173	17	intermittent	intermittent	ADJ
ajfa-2028	173	18	coup	coup	NOUN
ajfa-2028	173	19	d’etat	d’etat	NOUN
ajfa-2028	173	20	and	and	CCONJ
ajfa-2028	173	21	incessant	incessant	ADJ
ajfa-2028	173	22	political	political	ADJ
ajfa-2028	173	23	upheaval	upheaval	NOUN
ajfa-2028	173	24	may	may	AUX
ajfa-2028	173	25	serve	serve	VERB
ajfa-2028	173	26	to	to	PART
ajfa-2028	173	27	scare	scare	VERB
ajfa-2028	173	28	away	away	ADP
ajfa-2028	173	29	potential	potential	ADJ
ajfa-2028	173	30	foreign	foreign	ADJ
ajfa-2028	173	31	investors	investor	NOUN
ajfa-2028	173	32	thereby	thereby	ADV
ajfa-2028	173	33	,	,	PUNCT
ajfa-2028	173	34	reducing	reduce	VERB
ajfa-2028	173	35	per	per	ADP
ajfa-2028	173	36	-	-	PUNCT
ajfa-2028	173	37	capital	capital	NOUN
ajfa-2028	173	38	gross	gross	ADJ
ajfa-2028	173	39	domestic	domestic	ADJ
ajfa-2028	173	40	product	product	NOUN
ajfa-2028	173	41	and	and	CCONJ
ajfa-2028	173	42	increasing	increase	VERB
ajfa-2028	173	43	our	our	PRON
ajfa-2028	173	44	debt	debt	NOUN
ajfa-2028	173	45	profile	profile	NOUN
ajfa-2028	173	46	in	in	ADP
ajfa-2028	173	47	nigeria	nigeria	PRON
ajfa-2028	173	48	.	.	PUNCT
ajfa-2028	174	1	5	5	X
ajfa-2028	174	2	.	.	X
ajfa-2028	174	3	conclusions	conclusion	NOUN
ajfa-2028	174	4	asian	asian	PROPN
ajfa-2028	174	5	journal	journal	PROPN
ajfa-2028	174	6	of	of	ADP
ajfa-2028	174	7	finance	finance	PROPN
ajfa-2028	174	8	&	&	CCONJ
ajfa-2028	174	9	accounting	accounting	PROPN
ajfa-2028	174	10	issn	issn	PROPN
ajfa-2028	174	11	1946	1946	NUM
ajfa-2028	174	12	-	-	PUNCT
ajfa-2028	174	13	052x	052x	NOUN
ajfa-2028	174	14	2012	2012	NUM
ajfa-2028	174	15	,	,	PUNCT
ajfa-2028	174	16	vol	vol	NOUN
ajfa-2028	174	17	.	.	PROPN
ajfa-2028	174	18	4	4	NUM
ajfa-2028	174	19	,	,	PUNCT
ajfa-2028	174	20	no	no	INTJ
ajfa-2028	174	21	.	.	NOUN
ajfa-2028	174	22	2	2	NUM
ajfa-2028	174	23	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2028	174	24	242	242	NUM
ajfa-2028	174	25	the	the	DET
ajfa-2028	174	26	primary	primary	ADJ
ajfa-2028	174	27	objective	objective	NOUN
ajfa-2028	174	28	of	of	ADP
ajfa-2028	174	29	the	the	DET
ajfa-2028	174	30	study	study	NOUN
ajfa-2028	174	31	was	be	AUX
ajfa-2028	174	32	to	to	PART
ajfa-2028	174	33	analyze	analyze	VERB
ajfa-2028	174	34	the	the	DET
ajfa-2028	174	35	effect	effect	NOUN
ajfa-2028	174	36	of	of	ADP
ajfa-2028	174	37	debt	debt	NOUN
ajfa-2028	174	38	burden	burden	NOUN
ajfa-2028	174	39	(	(	PUNCT
ajfa-2028	174	40	both	both	CCONJ
ajfa-2028	174	41	internal	internal	ADJ
ajfa-2028	174	42	and	and	CCONJ
ajfa-2028	174	43	external	external	ADJ
ajfa-2028	174	44	)	)	PUNCT
ajfa-2028	174	45	on	on	ADP
ajfa-2028	174	46	the	the	DET
ajfa-2028	174	47	growth	growth	NOUN
ajfa-2028	174	48	of	of	ADP
ajfa-2028	174	49	nigerian	nigerian	ADJ
ajfa-2028	174	50	economy	economy	NOUN
ajfa-2028	174	51	.	.	PUNCT
ajfa-2028	175	1	nigeria	nigeria	PROPN
ajfa-2028	175	2	has	have	AUX
ajfa-2028	175	3	relied	rely	VERB
ajfa-2028	175	4	much	much	ADV
ajfa-2028	175	5	on	on	ADP
ajfa-2028	175	6	public	public	ADJ
ajfa-2028	175	7	debt	debt	NOUN
ajfa-2028	175	8	to	to	PART
ajfa-2028	175	9	finance	finance	VERB
ajfa-2028	175	10	its	its	PRON
ajfa-2028	175	11	development	development	NOUN
ajfa-2028	175	12	projects	project	NOUN
ajfa-2028	175	13	in	in	ADP
ajfa-2028	175	14	the	the	DET
ajfa-2028	175	15	past	past	ADJ
ajfa-2028	175	16	two	two	NUM
ajfa-2028	175	17	decades	decade	NOUN
ajfa-2028	175	18	ago	ago	ADV
ajfa-2028	175	19	with	with	ADP
ajfa-2028	175	20	public	public	ADJ
ajfa-2028	175	21	debts	debt	NOUN
ajfa-2028	175	22	which	which	PRON
ajfa-2028	175	23	put	put	VERB
ajfa-2028	175	24	its	its	PRON
ajfa-2028	175	25	debt	debt	NOUN
ajfa-2028	175	26	profile	profile	NOUN
ajfa-2028	175	27	so	so	ADV
ajfa-2028	175	28	high	high	ADJ
ajfa-2028	175	29	.	.	PUNCT
ajfa-2028	176	1	from	from	ADP
ajfa-2028	176	2	the	the	DET
ajfa-2028	176	3	analysis	analysis	NOUN
ajfa-2028	176	4	above	above	ADP
ajfa-2028	176	5	it	it	PRON
ajfa-2028	176	6	was	be	AUX
ajfa-2028	176	7	reviewed	review	VERB
ajfa-2028	176	8	that	that	SCONJ
ajfa-2028	176	9	pcgdp	pcgdp	NOUN
ajfa-2028	176	10	which	which	PRON
ajfa-2028	176	11	was	be	AUX
ajfa-2028	176	12	used	use	VERB
ajfa-2028	176	13	to	to	PART
ajfa-2028	176	14	represent	represent	VERB
ajfa-2028	176	15	the	the	DET
ajfa-2028	176	16	nigerian	nigerian	ADJ
ajfa-2028	176	17	economic	economic	ADJ
ajfa-2028	176	18	development	development	NOUN
ajfa-2028	176	19	as	as	ADV
ajfa-2028	176	20	well	well	ADV
ajfa-2028	176	21	as	as	ADP
ajfa-2028	176	22	the	the	DET
ajfa-2028	176	23	dependent	dependent	ADJ
ajfa-2028	176	24	variable	variable	NOUN
ajfa-2028	176	25	.	.	PUNCT
ajfa-2028	177	1	meaning	mean	VERB
ajfa-2028	177	2	that	that	SCONJ
ajfa-2028	177	3	rate	rate	NOUN
ajfa-2028	177	4	of	of	ADP
ajfa-2028	177	5	development	development	NOUN
ajfa-2028	177	6	of	of	ADP
ajfa-2028	177	7	the	the	DET
ajfa-2028	177	8	nigerian	nigerian	ADJ
ajfa-2028	177	9	economy	economy	NOUN
ajfa-2028	177	10	relies	rely	VERB
ajfa-2028	177	11	strongly	strongly	ADV
ajfa-2028	177	12	on	on	ADP
ajfa-2028	177	13	the	the	DET
ajfa-2028	177	14	contribution	contribution	NOUN
ajfa-2028	177	15	of	of	ADP
ajfa-2028	177	16	the	the	DET
ajfa-2028	177	17	explanatory	explanatory	ADJ
ajfa-2028	177	18	variables	variable	NOUN
ajfa-2028	177	19	.	.	PUNCT
ajfa-2028	178	1	thus	thus	ADV
ajfa-2028	178	2	,	,	PUNCT
ajfa-2028	178	3	before	before	ADP
ajfa-2028	178	4	the	the	DET
ajfa-2028	178	5	debt	debt	NOUN
ajfa-2028	178	6	write	write	NOUN
ajfa-2028	178	7	-	-	PUNCT
ajfa-2028	178	8	off	off	NOUN
ajfa-2028	178	9	by	by	ADP
ajfa-2028	178	10	the	the	DET
ajfa-2028	178	11	paris	paris	PROPN
ajfa-2028	178	12	-	-	PUNCT
ajfa-2028	178	13	club	club	PROPN
ajfa-2028	178	14	and	and	CCONJ
ajfa-2028	178	15	london	london	PROPN
ajfa-2028	178	16	club	club	NOUN
ajfa-2028	178	17	the	the	DET
ajfa-2028	178	18	result	result	NOUN
ajfa-2028	178	19	shows	show	VERB
ajfa-2028	178	20	that	that	SCONJ
ajfa-2028	178	21	the	the	DET
ajfa-2028	178	22	impact	impact	NOUN
ajfa-2028	178	23	on	on	ADP
ajfa-2028	178	24	nigeria	nigeria	PROPN
ajfa-2028	178	25	economy	economy	NOUN
ajfa-2028	178	26	was	be	AUX
ajfa-2028	178	27	much	much	ADV
ajfa-2028	178	28	compared	compare	VERB
ajfa-2028	178	29	to	to	ADP
ajfa-2028	178	30	present	present	ADJ
ajfa-2028	178	31	time	time	NOUN
ajfa-2028	178	32	.	.	PUNCT
ajfa-2028	179	1	though	though	ADV
ajfa-2028	179	2	,	,	PUNCT
ajfa-2028	179	3	the	the	DET
ajfa-2028	179	4	exit	exit	NOUN
ajfa-2028	179	5	from	from	ADP
ajfa-2028	179	6	the	the	DET
ajfa-2028	179	7	paris	paris	PROPN
ajfa-2028	179	8	club	club	PROPN
ajfa-2028	179	9	and	and	CCONJ
ajfa-2028	179	10	london	london	PROPN
ajfa-2028	179	11	club	club	NOUN
ajfa-2028	179	12	actually	actually	ADV
ajfa-2028	179	13	reduced	reduce	VERB
ajfa-2028	179	14	nigeria	nigeria	PROPN
ajfa-2028	179	15	’s	’s	PART
ajfa-2028	179	16	external	external	ADJ
ajfa-2028	179	17	debt	debt	NOUN
ajfa-2028	179	18	,	,	PUNCT
ajfa-2028	179	19	whereas	whereas	SCONJ
ajfa-2028	179	20	the	the	DET
ajfa-2028	179	21	domestic	domestic	ADJ
ajfa-2028	179	22	debt	debt	NOUN
ajfa-2028	179	23	and	and	CCONJ
ajfa-2028	179	24	the	the	DET
ajfa-2028	179	25	effect	effect	NOUN
ajfa-2028	179	26	created	create	VERB
ajfa-2028	179	27	by	by	ADP
ajfa-2028	179	28	the	the	DET
ajfa-2028	179	29	huge	huge	ADJ
ajfa-2028	179	30	debt	debt	NOUN
ajfa-2028	179	31	before	before	SCONJ
ajfa-2028	179	32	the	the	DET
ajfa-2028	179	33	debt	debt	NOUN
ajfa-2028	179	34	write	write	NOUN
ajfa-2028	179	35	-	-	PUNCT
ajfa-2028	179	36	off	off	NOUN
ajfa-2028	179	37	still	still	ADV
ajfa-2028	179	38	have	have	VERB
ajfa-2028	179	39	lag	lag	NOUN
ajfa-2028	179	40	effect	effect	NOUN
ajfa-2028	179	41	on	on	ADP
ajfa-2028	179	42	the	the	DET
ajfa-2028	179	43	economy	economy	NOUN
ajfa-2028	179	44	.	.	PUNCT
ajfa-2028	180	1	therefore	therefore	ADV
ajfa-2028	180	2	,	,	PUNCT
ajfa-2028	180	3	based	base	VERB
ajfa-2028	180	4	on	on	ADP
ajfa-2028	180	5	the	the	DET
ajfa-2028	180	6	above	above	ADJ
ajfa-2028	180	7	findings	finding	NOUN
ajfa-2028	180	8	we	we	PRON
ajfa-2028	180	9	recommended	recommend	VERB
ajfa-2028	180	10	that	that	SCONJ
ajfa-2028	180	11	nigeria	nigeria	PROPN
ajfa-2028	180	12	should	should	AUX
ajfa-2028	180	13	not	not	PART
ajfa-2028	180	14	borrow	borrow	VERB
ajfa-2028	180	15	now	now	ADV
ajfa-2028	180	16	either	either	CCONJ
ajfa-2028	180	17	internally	internally	ADV
ajfa-2028	180	18	or	or	CCONJ
ajfa-2028	180	19	externally	externally	ADV
ajfa-2028	180	20	.	.	PUNCT
ajfa-2028	181	1	more	more	ADV
ajfa-2028	181	2	so	so	ADV
ajfa-2028	181	3	with	with	ADP
ajfa-2028	181	4	the	the	DET
ajfa-2028	181	5	conformable	conformable	ADJ
ajfa-2028	181	6	position	position	NOUN
ajfa-2028	181	7	of	of	ADP
ajfa-2028	181	8	our	our	PRON
ajfa-2028	181	9	external	external	ADJ
ajfa-2028	181	10	reserve	reserve	NOUN
ajfa-2028	181	11	we	we	PRON
ajfa-2028	181	12	believe	believe	VERB
ajfa-2028	181	13	that	that	SCONJ
ajfa-2028	181	14	the	the	DET
ajfa-2028	181	15	nigerian	nigerian	ADJ
ajfa-2028	181	16	economy	economy	NOUN
ajfa-2028	181	17	will	will	AUX
ajfa-2028	181	18	certainly	certainly	ADV
ajfa-2028	181	19	improve	improve	VERB
ajfa-2028	181	20	tremendously	tremendously	ADV
ajfa-2028	181	21	references	reference	NOUN
ajfa-2028	181	22	adam	adam	PROPN
ajfa-2028	181	23	,	,	PUNCT
ajfa-2028	181	24	c.	c.	PROPN
ajfa-2028	181	25	s.	s.	PROPN
ajfa-2028	181	26	(	(	PUNCT
ajfa-2028	181	27	1992	1992	NUM
ajfa-2028	181	28	)	)	PUNCT
ajfa-2028	181	29	.	.	PUNCT
ajfa-2028	182	1	recent	recent	ADJ
ajfa-2028	182	2	developments	development	NOUN
ajfa-2028	182	3	in	in	ADP
ajfa-2028	182	4	econometric	econometric	ADJ
ajfa-2028	182	5	methods	method	NOUN
ajfa-2028	182	6	:	:	PUNCT
ajfa-2028	182	7	an	an	DET
ajfa-2028	182	8	application	application	NOUN
ajfa-2028	182	9	to	to	ADP
ajfa-2028	182	10	the	the	DET
ajfa-2028	182	11	demand	demand	NOUN
ajfa-2028	182	12	for	for	ADP
ajfa-2028	182	13	money	money	NOUN
ajfa-2028	182	14	in	in	ADP
ajfa-2028	182	15	kenya	kenya	PROPN
ajfa-2028	182	16	.	.	PUNCT
ajfa-2028	183	1	economic	economic	ADJ
ajfa-2028	183	2	research	research	PROPN
ajfa-2028	183	3	consortium	consortium	PROPN
ajfa-2028	183	4	special	special	ADJ
ajfa-2028	183	5	paper	paper	NOUN
ajfa-2028	183	6	15	15	NUM
ajfa-2028	183	7	.	.	PUNCT
ajfa-2028	184	1	ajayi	ajayi	PROPN
ajfa-2028	184	2	,	,	PUNCT
ajfa-2028	184	3	s.	s.	PROPN
ajfa-2028	184	4	i.	i.	PROPN
ajfa-2028	184	5	(	(	PUNCT
ajfa-2028	184	6	1991	1991	NUM
ajfa-2028	184	7	)	)	PUNCT
ajfa-2028	184	8	.	.	PUNCT
ajfa-2028	185	1	macroeconomic	macroeconomic	ADJ
ajfa-2028	185	2	approach	approach	NOUN
ajfa-2028	185	3	to	to	ADP
ajfa-2028	185	4	external	external	ADJ
ajfa-2028	185	5	debt	debt	NOUN
ajfa-2028	185	6	:	:	PUNCT
ajfa-2028	185	7	the	the	DET
ajfa-2028	185	8	case	case	NOUN
ajfa-2028	185	9	of	of	ADP
ajfa-2028	185	10	nigeria	nigeria	PROPN
ajfa-2028	185	11	.	.	PUNCT
ajfa-2028	186	1	aerc	aerc	PROPN
ajfa-2028	186	2	research	research	NOUN
ajfa-2028	186	3	paper	paper	PROPN
ajfa-2028	186	4	eight	eight	NUM
ajfa-2028	186	5	,	,	PUNCT
ajfa-2028	186	6	nairobi	nairobi	PROPN
ajfa-2028	186	7	,	,	PUNCT
ajfa-2028	186	8	december	december	PROPN
ajfa-2028	186	9	.	.	PUNCT
ajfa-2028	187	1	http://idl-bnc.idrc.ca/dspace/bitstream/10625/11779/1/90214.pdf	http://idl-bnc.idrc.ca/dspace/bitstream/10625/11779/1/90214.pdf	PROPN
ajfa-2028	187	2	alesina	alesina	PROPN
ajfa-2028	187	3	,	,	PUNCT
ajfa-2028	187	4	a.	a.	PROPN
ajfa-2028	187	5	,	,	PUNCT
ajfa-2028	187	6	&	&	CCONJ
ajfa-2028	187	7	tabellini	tabellini	PROPN
ajfa-2028	187	8	,	,	PUNCT
ajfa-2028	187	9	g.(1990	g.(1990	NOUN
ajfa-2028	187	10	)	)	PUNCT
ajfa-2028	187	11	.	.	PUNCT
ajfa-2028	188	1	external	external	ADJ
ajfa-2028	188	2	debt	debt	NOUN
ajfa-2028	188	3	,	,	PUNCT
ajfa-2028	188	4	capital	capital	NOUN
ajfa-2028	188	5	flight	flight	NOUN
ajfa-2028	188	6	and	and	CCONJ
ajfa-2028	188	7	political	political	ADJ
ajfa-2028	188	8	risk	risk	NOUN
ajfa-2028	188	9	.	.	PUNCT
ajfa-2028	189	1	ani	ani	NOUN
ajfa-2028	189	2	a.	a.	NOUN
ajfa-2028	189	3	(	(	PUNCT
ajfa-2028	189	4	1997	1997	NUM
ajfa-2028	189	5	)	)	PUNCT
ajfa-2028	189	6	.	.	PUNCT
ajfa-2028	190	1	details	detail	NOUN
ajfa-2028	190	2	of	of	ADP
ajfa-2028	190	3	budget	budget	NOUN
ajfa-2028	190	4	1997	1997	NUM
ajfa-2028	190	5	:	:	PUNCT
ajfa-2028	190	6	text	text	NOUN
ajfa-2028	190	7	of	of	ADP
ajfa-2028	190	8	the	the	DET
ajfa-2028	190	9	1997	1997	NUM
ajfa-2028	190	10	federal	federal	ADJ
ajfa-2028	190	11	budget	budget	NOUN
ajfa-2028	190	12	breakdown	breakdown	NOUN
ajfa-2028	190	13	presented	present	VERB
ajfa-2028	190	14	in	in	ADP
ajfa-2028	190	15	abuja	abuja	PROPN
ajfa-2028	190	16	,	,	PUNCT
ajfa-2028	190	17	monday	monday	PROPN
ajfa-2028	190	18	,	,	PUNCT
ajfa-2028	190	19	january	january	PROPN
ajfa-2028	190	20	20	20	NUM
ajfa-2028	190	21	,	,	PUNCT
ajfa-2028	190	22	1997	1997	NUM
ajfa-2028	190	23	by	by	ADP
ajfa-2028	190	24	minister	minister	PROPN
ajfa-2028	190	25	of	of	ADP
ajfa-2028	190	26	finance	finance	NOUN
ajfa-2028	190	27	,	,	PUNCT
ajfa-2028	190	28	chief	chief	NOUN
ajfa-2028	190	29	anthony	anthony	PROPN
ajfa-2028	190	30	ani	ani	PROPN
ajfa-2028	190	31	,	,	PUNCT
ajfa-2028	190	32	daily	daily	ADJ
ajfa-2028	190	33	champion	champion	NOUN
ajfa-2028	190	34	,	,	PUNCT
ajfa-2028	190	35	january	january	PROPN
ajfa-2028	190	36	21	21	NUM
ajfa-2028	190	37	anyanwu	anyanwu	PROPN
ajfa-2028	190	38	j.	j.	PROPN
ajfa-2028	190	39	c.	c.	PROPN
ajfa-2028	190	40	(	(	PUNCT
ajfa-2028	190	41	1997	1997	NUM
ajfa-2028	190	42	)	)	PUNCT
ajfa-2028	190	43	.	.	PUNCT
ajfa-2028	191	1	monetary	monetary	ADJ
ajfa-2028	191	2	economics	economic	NOUN
ajfa-2028	191	3	:	:	PUNCT
ajfa-2028	191	4	theory	theory	NOUN
ajfa-2028	191	5	,	,	PUNCT
ajfa-2028	191	6	policy	policy	NOUN
ajfa-2028	191	7	and	and	CCONJ
ajfa-2028	191	8	institutions	institution	NOUN
ajfa-2028	191	9	.	.	PUNCT
ajfa-2028	192	1	hybrid	hybrid	ADJ
ajfa-2028	192	2	publishers	publishers	PROPN
ajfa-2028	192	3	ltd	ltd	PROPN
ajfa-2028	192	4	,	,	PUNCT
ajfa-2028	192	5	onitsha	onitsha	PROPN
ajfa-2028	192	6	.	.	PUNCT
ajfa-2028	193	1	calvo	calvo	PROPN
ajfa-2028	193	2	,	,	PUNCT
ajfa-2028	193	3	g.	g.	PROPN
ajfa-2028	193	4	(	(	PUNCT
ajfa-2028	193	5	1989	1989	NUM
ajfa-2028	193	6	)	)	PUNCT
ajfa-2028	193	7	.	.	PUNCT
ajfa-2028	194	1	growth	growth	NOUN
ajfa-2028	194	2	,	,	PUNCT
ajfa-2028	194	3	debt	debt	NOUN
ajfa-2028	194	4	and	and	CCONJ
ajfa-2028	194	5	economic	economic	ADJ
ajfa-2028	194	6	transformation	transformation	NOUN
ajfa-2028	194	7	:	:	PUNCT
ajfa-2028	194	8	the	the	DET
ajfa-2028	194	9	capital	capital	NOUN
ajfa-2028	194	10	flight	flight	NOUN
ajfa-2028	194	11	problem;in	problem;in	PROPN
ajfa-2028	194	12	coricelli	coricelli	PROPN
ajfa-2028	194	13	,	,	PUNCT
ajfa-2028	194	14	f.	f.	PROPN
ajfa-2028	194	15	and	and	CCONJ
ajfa-2028	194	16	hahn	hahn	PROPN
ajfa-2028	194	17	,	,	PUNCT
ajfa-2028	194	18	f.	f.	PROPN
ajfa-2028	194	19	(	(	PUNCT
ajfa-2028	194	20	eds	eds	PROPN
ajfa-2028	194	21	)	)	PUNCT
ajfa-2028	194	22	,	,	PUNCT
ajfa-2028	194	23	new	new	ADJ
ajfa-2028	194	24	theories	theory	NOUN
ajfa-2028	194	25	in	in	ADP
ajfa-2028	194	26	growth	growth	NOUN
ajfa-2028	194	27	and	and	CCONJ
ajfa-2028	194	28	development	development	NOUN
ajfa-2028	194	29	,	,	PUNCT
ajfa-2028	194	30	st	st	PROPN
ajfa-2028	194	31	.	.	PROPN
ajfa-2028	194	32	martins	martins	PROPN
ajfa-2028	194	33	press	press	PROPN
ajfa-2028	194	34	,	,	PUNCT
ajfa-2028	194	35	pp	pp	ADP
ajfa-2028	194	36	.	.	PUNCT
ajfa-2028	194	37	847	847	NUM
ajfa-2028	194	38	-	-	SYM
ajfa-2028	194	39	868	868	NUM
ajfa-2028	194	40	central	central	ADJ
ajfa-2028	194	41	bank	bank	NOUN
ajfa-2028	194	42	of	of	ADP
ajfa-2028	194	43	nigeria	nigeria	PROPN
ajfa-2028	194	44	.	.	PUNCT
ajfa-2028	195	1	annual	annual	ADJ
ajfa-2028	195	2	report	report	NOUN
ajfa-2028	195	3	and	and	CCONJ
ajfa-2028	195	4	statement	statement	NOUN
ajfa-2028	195	5	of	of	ADP
ajfa-2028	195	6	accounts	account	NOUN
ajfa-2028	195	7	various	various	ADJ
ajfa-2028	195	8	issues	issue	NOUN
ajfa-2028	195	9	cohen	cohen	PROPN
ajfa-2028	195	10	,	,	PUNCT
ajfa-2028	195	11	d.	d.	PROPN
ajfa-2028	195	12	,	,	PUNCT
ajfa-2028	195	13	&	&	CCONJ
ajfa-2028	195	14	sachs	sachs	PROPN
ajfa-2028	195	15	,	,	PUNCT
ajfa-2028	195	16	j.	j.	PROPN
ajfa-2028	195	17	(	(	PUNCT
ajfa-2028	195	18	1986	1986	NUM
ajfa-2028	195	19	)	)	PUNCT
ajfa-2028	195	20	.	.	PUNCT
ajfa-2028	196	1	growth	growth	NOUN
ajfa-2028	196	2	and	and	CCONJ
ajfa-2028	196	3	external	external	ADJ
ajfa-2028	196	4	debt	debt	NOUN
ajfa-2028	196	5	under	under	ADP
ajfa-2028	196	6	risk	risk	NOUN
ajfa-2028	196	7	of	of	ADP
ajfa-2028	196	8	debt	debt	NOUN
ajfa-2028	196	9	repudiation	repudiation	NOUN
ajfa-2028	196	10	.	.	PUNCT
ajfa-2028	197	1	european	european	ADJ
ajfa-2028	197	2	economic	economic	PROPN
ajfa-2028	197	3	review	review	PROPN
ajfa-2028	197	4	,	,	PUNCT
ajfa-2028	197	5	30	30	NUM
ajfa-2028	197	6	,	,	PUNCT
ajfa-2028	197	7	529	529	NUM
ajfa-2028	197	8	-	-	SYM
ajfa-2028	197	9	550	550	NUM
ajfa-2028	197	10	.	.	PUNCT
ajfa-2028	198	1	cohen	cohen	PROPN
ajfa-2028	198	2	,	,	PUNCT
ajfa-2028	198	3	d.	d.	PROPN
ajfa-2028	198	4	(	(	PUNCT
ajfa-2028	198	5	1992	1992	NUM
ajfa-2028	198	6	)	)	PUNCT
ajfa-2028	198	7	.	.	PUNCT
ajfa-2028	199	1	large	large	ADJ
ajfa-2028	199	2	external	external	ADJ
ajfa-2028	199	3	debt	debt	NOUN
ajfa-2028	199	4	and	and	CCONJ
ajfa-2028	199	5	(	(	PUNCT
ajfa-2028	199	6	show	show	NOUN
ajfa-2028	199	7	)	)	PUNCT
ajfa-2028	199	8	domestic	domestic	ADJ
ajfa-2028	199	9	growth	growth	NOUN
ajfa-2028	199	10	:	:	PUNCT
ajfa-2028	199	11	a	a	DET
ajfa-2028	199	12	theoretical	theoretical	ADJ
ajfa-2028	199	13	analysis	analysis	NOUN
ajfa-2028	199	14	.	.	PUNCT
ajfa-2028	200	1	journal	journal	NOUN
ajfa-2028	200	2	of	of	ADP
ajfa-2028	200	3	economic	economic	ADJ
ajfa-2028	200	4	dynamics	dynamic	NOUN
ajfa-2028	200	5	and	and	CCONJ
ajfa-2028	200	6	control	control	NOUN
ajfa-2028	200	7	,	,	PUNCT
ajfa-2028	200	8	19	19	NUM
ajfa-2028	200	9	,	,	PUNCT
ajfa-2028	200	10	1144	1144	NUM
ajfa-2028	200	11	-	-	SYM
ajfa-2028	200	12	1163	1163	NUM
ajfa-2028	200	13	.	.	PUNCT
ajfa-2028	201	1	dickey	dickey	PROPN
ajfa-2028	201	2	,	,	PUNCT
ajfa-2028	201	3	o.a	o.a	PROPN
ajfa-2028	201	4	.	.	PROPN
ajfa-2028	201	5	,	,	PUNCT
ajfa-2028	201	6	&	&	CCONJ
ajfa-2028	201	7	fuller	full	ADJ
ajfa-2028	201	8	w.	w.	PROPN
ajfa-2028	201	9	a.	a.	PROPN
ajfa-2028	201	10	(	(	PUNCT
ajfa-2028	201	11	1981	1981	NUM
ajfa-2028	201	12	)	)	PUNCT
ajfa-2028	201	13	.	.	PUNCT
ajfa-2028	202	1	likelihood	likelihood	NOUN
ajfa-2028	202	2	ratio	ratio	NOUN
ajfa-2028	202	3	statistic	statistic	NOUN
ajfa-2028	202	4	for	for	ADP
ajfa-2028	202	5	auto	auto	NOUN
ajfa-2028	202	6	-	-	PUNCT
ajfa-2028	202	7	regression	regression	NOUN
ajfa-2028	202	8	times	times	PROPN
ajfa-2028	202	9	series	series	NOUN
ajfa-2028	202	10	with	with	ADP
ajfa-2028	202	11	a	a	DET
ajfa-2028	202	12	unit	unit	NOUN
ajfa-2028	202	13	root	root	NOUN
ajfa-2028	202	14	.	.	PUNCT
ajfa-2028	203	1	econometrical	econometrical	ADJ
ajfa-2028	203	2	,	,	PUNCT
ajfa-2028	203	3	4	4	NUM
ajfa-2028	203	4	,	,	PUNCT
ajfa-2028	203	5	1057	1057	NUM
ajfa-2028	203	6	-	-	SYM
ajfa-2028	203	7	1071	1071	NUM
ajfa-2028	203	8	.	.	PUNCT
ajfa-2028	204	1	engle	engle	PROPN
ajfa-2028	204	2	,	,	PUNCT
ajfa-2028	204	3	r.f	r.f	PROPN
ajfa-2028	204	4	.	.	PROPN
ajfa-2028	204	5	,	,	PUNCT
ajfa-2028	204	6	&	&	CCONJ
ajfa-2028	204	7	granger	granger	PROPN
ajfa-2028	204	8	,	,	PUNCT
ajfa-2028	204	9	c.	c.	PROPN
ajfa-2028	204	10	w.	w.	PROPN
ajfa-2028	204	11	j.	j.	PROPN
ajfa-2028	204	12	(	(	PUNCT
ajfa-2028	204	13	1987	1987	NUM
ajfa-2028	204	14	)	)	PUNCT
ajfa-2028	204	15	.	.	PUNCT
ajfa-2028	205	1	co	co	NOUN
ajfa-2028	205	2	-	-	NOUN
ajfa-2028	205	3	integration	integration	NOUN
ajfa-2028	205	4	and	and	CCONJ
ajfa-2028	205	5	error	error	NOUN
ajfa-2028	205	6	correction	correction	NOUN
ajfa-2028	205	7	.	.	PUNCT
ajfa-2028	206	1	asian	asian	ADJ
ajfa-2028	206	2	journal	journal	PROPN
ajfa-2028	206	3	of	of	ADP
ajfa-2028	206	4	finance	finance	PROPN
ajfa-2028	206	5	&	&	CCONJ
ajfa-2028	206	6	accounting	accounting	PROPN
ajfa-2028	206	7	issn	issn	PROPN
ajfa-2028	206	8	1946	1946	NUM
ajfa-2028	206	9	-	-	PUNCT
ajfa-2028	206	10	052x	052x	NOUN
ajfa-2028	206	11	2012	2012	NUM
ajfa-2028	206	12	,	,	PUNCT
ajfa-2028	206	13	vol	vol	NOUN
ajfa-2028	206	14	.	.	PROPN
ajfa-2028	206	15	4	4	NUM
ajfa-2028	206	16	,	,	PUNCT
ajfa-2028	206	17	no	no	INTJ
ajfa-2028	206	18	.	.	NOUN
ajfa-2028	206	19	2	2	NUM
ajfa-2028	206	20	www.macrothink.org/ajfa	www.macrothink.org/ajfa	NUM
ajfa-2028	206	21	243	243	NUM
ajfa-2028	206	22	granger	granger	NOUN
ajfa-2028	206	23	,	,	PUNCT
ajfa-2028	206	24	c.	c.	PROPN
ajfa-2028	206	25	w.	w.	PROPN
ajfa-2028	206	26	j.	j.	PROPN
ajfa-2028	206	27	(	(	PUNCT
ajfa-2028	206	28	1969	1969	NUM
ajfa-2028	206	29	)	)	PUNCT
ajfa-2028	206	30	.	.	PUNCT
ajfa-2028	207	1	investigating	investigate	VERB
ajfa-2028	207	2	causal	causal	ADJ
ajfa-2028	207	3	relations	relation	NOUN
ajfa-2028	207	4	by	by	ADP
ajfa-2028	207	5	econometric	econometric	ADJ
ajfa-2028	207	6	models	model	NOUN
ajfa-2028	207	7	and	and	CCONJ
ajfa-2028	207	8	cross	cross	ADJ
ajfa-2028	207	9	-	-	ADJ
ajfa-2028	207	10	spectral	spectral	ADJ
ajfa-2028	207	11	methods	method	NOUN
ajfa-2028	207	12	.	.	PUNCT
ajfa-2028	208	1	econometrica	econometrica	PROPN
ajfa-2028	208	2	,	,	PUNCT
ajfa-2028	208	3	37	37	NUM
ajfa-2028	208	4	,	,	PUNCT
ajfa-2028	208	5	424	424	NUM
ajfa-2028	208	6	-	-	SYM
ajfa-2028	208	7	438	438	NUM
ajfa-2028	208	8	.	.	PUNCT
ajfa-2028	209	1	http://dx.doi.org/10.2307/1912791	http://dx.doi.org/10.2307/1912791	PROPN
ajfa-2028	209	2	krugman	krugman	PROPN
ajfa-2028	209	3	,	,	PUNCT
ajfa-2028	209	4	p.	p.	NOUN
ajfa-2028	209	5	(	(	PUNCT
ajfa-2028	209	6	1988	1988	NUM
ajfa-2028	209	7	)	)	PUNCT
ajfa-2028	209	8	.	.	PUNCT
ajfa-2028	210	1	financing	financing	NOUN
ajfa-2028	210	2	vs	vs	ADP
ajfa-2028	210	3	forgiving	forgive	VERB
ajfa-2028	210	4	a	a	DET
ajfa-2028	210	5	debt	debt	NOUN
ajfa-2028	210	6	overhang	overhang	NOUN
ajfa-2028	210	7	.	.	PUNCT
ajfa-2028	211	1	journal	journal	PROPN
ajfa-2028	211	2	of	of	ADP
ajfa-2028	211	3	development	development	NOUN
ajfa-2028	211	4	economics	economic	NOUN
ajfa-2028	211	5	,	,	PUNCT
ajfa-2028	211	6	22	22	NUM
ajfa-2028	211	7	,	,	PUNCT
ajfa-2028	211	8	253	253	NUM
ajfa-2028	211	9	-	-	SYM
ajfa-2028	211	10	268	268	NUM
ajfa-2028	211	11	.	.	PUNCT
ajfa-2028	212	1	http://dx.doi.org/10.1016/0304-3878(88)90044-2	http://dx.doi.org/10.1016/0304-3878(88)90044-2	PROPN
ajfa-2028	212	2	nyong	nyong	PROPN
ajfa-2028	212	3	,	,	PUNCT
ajfa-2028	212	4	m.	m.	NOUN
ajfa-2028	212	5	o.	o.	PROPN
ajfa-2028	212	6	(	(	PUNCT
ajfa-2028	212	7	2005	2005	NUM
ajfa-2028	212	8	)	)	PUNCT
ajfa-2028	212	9	.	.	PUNCT
ajfa-2028	213	1	international	international	ADJ
ajfa-2028	213	2	economics	economic	NOUN
ajfa-2028	213	3	:	:	PUNCT
ajfa-2028	213	4	theory	theory	NOUN
ajfa-2028	213	5	,	,	PUNCT
ajfa-2028	213	6	policy	policy	NOUN
ajfa-2028	213	7	and	and	CCONJ
ajfa-2028	213	8	application	application	NOUN
ajfa-2028	213	9	.	.	PUNCT
ajfa-2028	214	1	calabar	calabar	PROPN
ajfa-2028	214	2	,	,	PUNCT
ajfa-2028	214	3	wusen	wusen	PROPN
ajfa-2028	214	4	publishers	publisher	NOUN
ajfa-2028	214	5	.	.	PUNCT
ajfa-2028	215	1	nzotta	nzotta	ADJ
ajfa-2028	215	2	,	,	PUNCT
ajfa-2028	215	3	s.	s.	PROPN
ajfa-2028	215	4	m.	m.	PROPN
ajfa-2028	215	5	(	(	PUNCT
ajfa-2028	215	6	2004	2004	NUM
ajfa-2028	215	7	)	)	PUNCT
ajfa-2028	215	8	.	.	PUNCT
ajfa-2028	216	1	money	money	NOUN
ajfa-2028	216	2	,	,	PUNCT
ajfa-2028	216	3	banking	banking	NOUN
ajfa-2028	216	4	and	and	CCONJ
ajfa-2028	216	5	finance	finance	NOUN
ajfa-2028	216	6	.	.	PUNCT
ajfa-2028	217	1	owerri;hudson	owerri;hudson	PROPN
ajfa-2028	217	2	-	-	PUNCT
ajfa-2028	217	3	jude	jude	PROPN
ajfa-2028	217	4	nigeria	nigeria	PROPN
ajfa-2028	217	5	publishers	publisher	NOUN
ajfa-2028	217	6	.	.	PUNCT
ajfa-2028	218	1	stephens	stephens	PROPN
ajfa-2028	218	2	,	,	PUNCT
ajfa-2028	218	3	m.	m.	NOUN
ajfa-2028	218	4	(	(	PUNCT
ajfa-2028	218	5	1999	1999	NUM
ajfa-2028	218	6	)	)	PUNCT
ajfa-2028	218	7	.	.	PUNCT
ajfa-2028	219	1	the	the	DET
ajfa-2028	219	2	changing	change	VERB
ajfa-2028	219	3	role	role	NOUN
ajfa-2028	219	4	of	of	ADP
ajfa-2028	219	5	export	export	NOUN
ajfa-2028	219	6	credit	credit	NOUN
ajfa-2028	219	7	agencies	agency	NOUN
ajfa-2028	219	8	(	(	PUNCT
ajfa-2028	219	9	wasshington	wasshington	PROPN
ajfa-2028	219	10	dc	dc	PROPN
ajfa-2028	219	11	,	,	PUNCT
ajfa-2028	219	12	imf	imf	PROPN
ajfa-2028	219	13	)	)	PUNCT
ajfa-2028	219	14	thomas	thomas	PROPN
ajfa-2028	219	15	,	,	PUNCT
ajfa-2028	219	16	r.	r.	PROPN
ajfa-2028	219	17	c.	c.	PROPN
ajfa-2028	219	18	(	(	PUNCT
ajfa-2028	219	19	1993	1993	NUM
ajfa-2028	219	20	)	)	PUNCT
ajfa-2028	219	21	.	.	PUNCT
ajfa-2028	220	1	introductory	introductory	ADJ
ajfa-2028	220	2	econometrics	econometric	NOUN
ajfa-2028	220	3	,	,	PUNCT
ajfa-2028	220	4	theory	theory	NOUN
ajfa-2028	220	5	and	and	CCONJ
ajfa-2028	220	6	applications	application	NOUN
ajfa-2028	220	7	.	.	PUNCT
ajfa-2028	221	1	second	second	ADJ
ajfa-2028	221	2	edition	edition	NOUN
ajfa-2028	221	3	(	(	PUNCT
ajfa-2028	221	4	eds	ed	NOUN
ajfa-2028	221	5	)	)	PUNCT
ajfa-2028	221	6	.	.	PUNCT
ajfa-2028	222	1	robert	robert	PROPN
ajfa-2028	222	2	mil	mil	PROPN
ajfa-2028	222	3	michael	michael	PROPN
ajfa-2028	222	4	t.	t.	PROPN
ajfa-2028	222	5	summer	summer	PROPN
ajfa-2028	222	6	and	and	CCONJ
ajfa-2028	222	7	george	george	PROPN
ajfa-2028	222	8	zia	zia	PROPN
ajfa-2028	222	9	.	.	PROPN
ajfa-2028	223	1	longman	longman	PROPN
ajfa-2028	223	2	economic	economic	ADJ
ajfa-2028	223	3	series	series	PROPN
ajfa-2028	223	4	.	.	PUNCT
ajfa-2028	224	1	london	london	PROPN
ajfa-2028	224	2	and	and	CCONJ
ajfa-2028	224	3	new	new	PROPN
ajfa-2028	224	4	york	york	PROPN
ajfa-2028	224	5	.	.	PUNCT
ajfa-2028	225	1	tornell	tornell	PROPN
ajfa-2028	225	2	,	,	PUNCT
ajfa-2028	225	3	a.	a.	NOUN
ajfa-2028	225	4	,	,	PUNCT
ajfa-2028	225	5	&	&	CCONJ
ajfa-2028	225	6	velasco	velasco	PROPN
ajfa-2028	225	7	,	,	PUNCT
ajfa-2028	225	8	a.	a.	NOUN
ajfa-2028	225	9	(	(	PUNCT
ajfa-2028	225	10	1992	1992	NUM
ajfa-2028	225	11	)	)	PUNCT
ajfa-2028	225	12	.	.	PUNCT
ajfa-2028	226	1	the	the	DET
ajfa-2028	226	2	tragedy	tragedy	NOUN
ajfa-2028	226	3	of	of	ADP
ajfa-2028	226	4	the	the	DET
ajfa-2028	226	5	commons	common	NOUN
ajfa-2028	226	6	and	and	CCONJ
ajfa-2028	226	7	economic	economic	ADJ
ajfa-2028	226	8	growth	growth	NOUN
ajfa-2028	226	9	;	;	PUNCT
ajfa-2028	226	10	why	why	SCONJ
ajfa-2028	226	11	does	do	AUX
ajfa-2028	226	12	capital	capital	NOUN
ajfa-2028	226	13	flow	flow	VERB
ajfa-2028	226	14	from	from	ADP
ajfa-2028	226	15	poor	poor	ADJ
ajfa-2028	226	16	to	to	ADP
ajfa-2028	226	17	rich	rich	ADJ
ajfa-2028	226	18	countries	country	NOUN
ajfa-2028	226	19	.	.	PUNCT
ajfa-2028	227	1	journal	journal	NOUN
ajfa-2028	227	2	of	of	ADP
ajfa-2028	227	3	political	political	ADJ
ajfa-2028	227	4	economy	economy	NOUN
ajfa-2028	227	5	,	,	PUNCT
ajfa-2028	227	6	100	100	NUM
ajfa-2028	227	7	,	,	PUNCT
ajfa-2028	227	8	1208	1208	NUM
ajfa-2028	227	9	-	-	SYM
ajfa-2028	227	10	1231	1231	NUM
ajfa-2028	227	11	.	.	PUNCT
ajfa-2028	228	1	http://dx.doi.org/10.1086/261858	http://dx.doi.org/10.1086/261858	PROPN