id	sid	tid	token	lemma	pos
afbr-76	1	1	australian	australian	ADJ
afbr-76	1	2	finance	finance	NOUN
afbr-76	1	3	&	&	CCONJ
afbr-76	1	4	banking	banking	PROPN
afbr-76	1	5	review	review	PROPN
afbr-76	1	6	;	;	PUNCT
afbr-76	1	7	vol	vol	NOUN
afbr-76	1	8	.	.	NOUN
afbr-76	2	1	2	2	NUM
afbr-76	2	2	,	,	PUNCT
afbr-76	2	3	no	no	INTJ
afbr-76	2	4	.	.	NOUN
afbr-76	2	5	1	1	NUM
afbr-76	2	6	;	;	PUNCT
afbr-76	2	7	2018	2018	NUM
afbr-76	2	8	issn	issn	VERB
afbr-76	2	9	2576	2576	NUM
afbr-76	2	10	-	-	SYM
afbr-76	2	11	1196	1196	NUM
afbr-76	2	12	e	e	NOUN
afbr-76	2	13	-	-	PROPN
afbr-76	2	14	issn	issn	ADJ
afbr-76	2	15	2576	2576	NUM
afbr-76	2	16	-	-	PUNCT
afbr-76	2	17	120x	120x	NUM
afbr-76	2	18	published	publish	VERB
afbr-76	2	19	by	by	ADP
afbr-76	2	20	centre	centre	NOUN
afbr-76	2	21	for	for	ADP
afbr-76	2	22	research	research	NOUN
afbr-76	2	23	on	on	ADP
afbr-76	2	24	islamic	islamic	ADJ
afbr-76	2	25	banking	banking	PROPN
afbr-76	2	26	&	&	CCONJ
afbr-76	2	27	finance	finance	PROPN
afbr-76	2	28	and	and	CCONJ
afbr-76	2	29	business	business	NOUN
afbr-76	2	30	11	11	NUM
afbr-76	2	31	foreign	foreign	ADJ
afbr-76	2	32	portfolio	portfolio	NOUN
afbr-76	2	33	investment	investment	NOUN
afbr-76	2	34	and	and	CCONJ
afbr-76	2	35	performance	performance	NOUN
afbr-76	2	36	of	of	ADP
afbr-76	2	37	the	the	DET
afbr-76	2	38	nigerian	nigerian	ADJ
afbr-76	2	39	capital	capital	NOUN
afbr-76	2	40	market	market	NOUN
afbr-76	2	41	nwonodi	nwonodi	NOUN
afbr-76	2	42	daniel	daniel	PROPN
afbr-76	2	43	ikezam1	ikezam1	PROPN
afbr-76	3	1	1department	1department	NUM
afbr-76	3	2	of	of	ADP
afbr-76	3	3	banking	banking	NOUN
afbr-76	3	4	and	and	CCONJ
afbr-76	3	5	finance	finance	NOUN
afbr-76	3	6	,	,	PUNCT
afbr-76	3	7	rivers	river	NOUN
afbr-76	3	8	state	state	PROPN
afbr-76	3	9	university	university	PROPN
afbr-76	3	10	,	,	PUNCT
afbr-76	3	11	port	port	NOUN
afbr-76	3	12	harcourt	harcourt	PROPN
afbr-76	3	13	,	,	PUNCT
afbr-76	3	14	nigeria	nigeria	PROPN
afbr-76	3	15	,	,	PUNCT
afbr-76	3	16	nigeria	nigeria	PROPN
afbr-76	3	17	.	.	PUNCT
afbr-76	4	1	correspondence	correspondence	NOUN
afbr-76	4	2	:	:	PUNCT
afbr-76	4	3	department	department	NOUN
afbr-76	4	4	of	of	ADP
afbr-76	4	5	banking	banking	NOUN
afbr-76	4	6	and	and	CCONJ
afbr-76	4	7	finance	finance	NOUN
afbr-76	4	8	,	,	PUNCT
afbr-76	4	9	rivers	river	NOUN
afbr-76	4	10	state	state	PROPN
afbr-76	4	11	university	university	PROPN
afbr-76	4	12	,	,	PUNCT
afbr-76	4	13	port	port	NOUN
afbr-76	4	14	harcourt	harcourt	PROPN
afbr-76	4	15	,	,	PUNCT
afbr-76	4	16	nigeria	nigeria	PROPN
afbr-76	4	17	,	,	PUNCT
afbr-76	4	18	nigeria	nigeria	PROPN
afbr-76	4	19	received	receive	VERB
afbr-76	4	20	:	:	PUNCT
afbr-76	4	21	january	january	PROPN
afbr-76	4	22	20	20	NUM
afbr-76	4	23	,	,	PUNCT
afbr-76	4	24	2018	2018	NUM
afbr-76	4	25	accepted	accept	VERB
afbr-76	4	26	:	:	PUNCT
afbr-76	4	27	january	january	PROPN
afbr-76	4	28	26	26	NUM
afbr-76	4	29	,	,	PUNCT
afbr-76	4	30	2018	2018	NUM
afbr-76	4	31	online	online	ADV
afbr-76	4	32	published	publish	VERB
afbr-76	4	33	:	:	PUNCT
afbr-76	4	34	february	february	PROPN
afbr-76	4	35	7	7	NUM
afbr-76	4	36	,	,	PUNCT
afbr-76	4	37	2018	2018	NUM
afbr-76	4	38	abstract	abstract	NOUN
afbr-76	4	39	this	this	DET
afbr-76	4	40	study	study	NOUN
afbr-76	4	41	examined	examine	VERB
afbr-76	4	42	the	the	DET
afbr-76	4	43	effect	effect	NOUN
afbr-76	4	44	of	of	ADP
afbr-76	4	45	foreign	foreign	ADJ
afbr-76	4	46	portfolio	portfolio	NOUN
afbr-76	4	47	investment	investment	NOUN
afbr-76	4	48	on	on	ADP
afbr-76	4	49	the	the	DET
afbr-76	4	50	performance	performance	NOUN
afbr-76	4	51	of	of	ADP
afbr-76	4	52	nigerian	nigerian	ADJ
afbr-76	4	53	capital	capital	NOUN
afbr-76	4	54	market	market	NOUN
afbr-76	4	55	.	.	PUNCT
afbr-76	5	1	the	the	DET
afbr-76	5	2	specific	specific	ADJ
afbr-76	5	3	objectives	objective	NOUN
afbr-76	5	4	are	be	AUX
afbr-76	5	5	to	to	PART
afbr-76	5	6	investigate	investigate	VERB
afbr-76	5	7	the	the	DET
afbr-76	5	8	impact	impact	NOUN
afbr-76	5	9	of	of	ADP
afbr-76	5	10	net	net	ADJ
afbr-76	5	11	foreign	foreign	ADJ
afbr-76	5	12	portfolio	portfolio	NOUN
afbr-76	5	13	investment	investment	NOUN
afbr-76	5	14	,	,	PUNCT
afbr-76	5	15	foreign	foreign	ADJ
afbr-76	5	16	portfolio	portfolio	NOUN
afbr-76	5	17	investment	investment	NOUN
afbr-76	5	18	in	in	ADP
afbr-76	5	19	equity	equity	NOUN
afbr-76	5	20	,	,	PUNCT
afbr-76	5	21	foreign	foreign	ADJ
afbr-76	5	22	portfolio	portfolio	NOUN
afbr-76	5	23	investment	investment	NOUN
afbr-76	5	24	in	in	ADP
afbr-76	5	25	bonds	bond	NOUN
afbr-76	5	26	,	,	PUNCT
afbr-76	5	27	foreign	foreign	ADJ
afbr-76	5	28	portfolio	portfolio	NOUN
afbr-76	5	29	in	in	ADP
afbr-76	5	30	government	government	NOUN
afbr-76	5	31	securities	security	NOUN
afbr-76	5	32	and	and	CCONJ
afbr-76	5	33	nigerian	nigerian	ADJ
afbr-76	5	34	exchange	exchange	NOUN
afbr-76	5	35	rate	rate	NOUN
afbr-76	5	36	per	per	ADP
afbr-76	5	37	us	us	PROPN
afbr-76	5	38	dollar	dollar	NOUN
afbr-76	5	39	on	on	ADP
afbr-76	5	40	the	the	DET
afbr-76	5	41	performance	performance	NOUN
afbr-76	5	42	of	of	ADP
afbr-76	5	43	nigerian	nigerian	ADJ
afbr-76	5	44	capital	capital	NOUN
afbr-76	5	45	market	market	NOUN
afbr-76	5	46	.	.	PUNCT
afbr-76	6	1	the	the	DET
afbr-76	6	2	required	require	VERB
afbr-76	6	3	data	datum	NOUN
afbr-76	6	4	were	be	AUX
afbr-76	6	5	sourced	source	VERB
afbr-76	6	6	from	from	ADP
afbr-76	6	7	central	central	ADJ
afbr-76	6	8	bank	bank	PROPN
afbr-76	6	9	of	of	ADP
afbr-76	6	10	nigeria	nigeria	PROPN
afbr-76	6	11	(	(	PUNCT
afbr-76	6	12	cbn	cbn	PROPN
afbr-76	6	13	)	)	PUNCT
afbr-76	6	14	statistical	statistical	ADJ
afbr-76	6	15	bulletin	bulletin	NOUN
afbr-76	6	16	and	and	CCONJ
afbr-76	6	17	stock	stock	NOUN
afbr-76	6	18	exchange	exchange	NOUN
afbr-76	6	19	annual	annual	ADJ
afbr-76	6	20	report	report	NOUN
afbr-76	6	21	.	.	PUNCT
afbr-76	7	1	the	the	DET
afbr-76	7	2	study	study	NOUN
afbr-76	7	3	has	have	VERB
afbr-76	7	4	all	all	DET
afbr-76	7	5	share	share	NOUN
afbr-76	7	6	price	price	NOUN
afbr-76	7	7	index	index	NOUN
afbr-76	7	8	and	and	CCONJ
afbr-76	7	9	market	market	NOUN
afbr-76	7	10	capitalization	capitalization	NOUN
afbr-76	7	11	as	as	ADP
afbr-76	7	12	proxy	proxy	NOUN
afbr-76	7	13	for	for	ADP
afbr-76	7	14	capital	capital	NOUN
afbr-76	7	15	market	market	NOUN
afbr-76	7	16	performance	performance	NOUN
afbr-76	7	17	while	while	SCONJ
afbr-76	7	18	net	net	ADJ
afbr-76	7	19	foreign	foreign	ADJ
afbr-76	7	20	portfolio	portfolio	NOUN
afbr-76	7	21	investment	investment	NOUN
afbr-76	7	22	(	(	PUNCT
afbr-76	7	23	nfpi	nfpi	ADJ
afbr-76	7	24	)	)	PUNCT
afbr-76	7	25	,	,	PUNCT
afbr-76	7	26	equity	equity	NOUN
afbr-76	7	27	investment	investment	NOUN
afbr-76	7	28	(	(	PUNCT
afbr-76	7	29	pie	pie	NOUN
afbr-76	7	30	)	)	PUNCT
afbr-76	7	31	,	,	PUNCT
afbr-76	7	32	bond	bond	NOUN
afbr-76	7	33	investment	investment	NOUN
afbr-76	7	34	(	(	PUNCT
afbr-76	7	35	pib	pib	NOUN
afbr-76	7	36	)	)	PUNCT
afbr-76	7	37	,	,	PUNCT
afbr-76	7	38	portfolio	portfolio	NOUN
afbr-76	7	39	investment	investment	NOUN
afbr-76	7	40	in	in	ADP
afbr-76	7	41	government	government	NOUN
afbr-76	7	42	securities	security	NOUN
afbr-76	7	43	(	(	PUNCT
afbr-76	7	44	pigs	pig	NOUN
afbr-76	7	45	)	)	PUNCT
afbr-76	7	46	and	and	CCONJ
afbr-76	7	47	exchange	exchange	NOUN
afbr-76	7	48	rate	rate	NOUN
afbr-76	7	49	as	as	ADP
afbr-76	7	50	predictors	predictor	NOUN
afbr-76	7	51	variables	variable	NOUN
afbr-76	7	52	.	.	PUNCT
afbr-76	8	1	the	the	DET
afbr-76	8	2	ordinary	ordinary	ADJ
afbr-76	8	3	least	least	ADJ
afbr-76	8	4	square	square	ADJ
afbr-76	8	5	multiple	multiple	ADJ
afbr-76	8	6	regressions	regression	NOUN
afbr-76	8	7	with	with	ADP
afbr-76	8	8	econometric	econometric	ADJ
afbr-76	8	9	view	view	NOUN
afbr-76	8	10	were	be	AUX
afbr-76	8	11	used	use	VERB
afbr-76	8	12	as	as	ADP
afbr-76	8	13	data	datum	NOUN
afbr-76	8	14	analysis	analysis	NOUN
afbr-76	8	15	techniques	technique	NOUN
afbr-76	8	16	.	.	PUNCT
afbr-76	9	1	cointegration	cointegration	NOUN
afbr-76	9	2	test	test	NOUN
afbr-76	9	3	,	,	PUNCT
afbr-76	9	4	granger	granger	PROPN
afbr-76	9	5	causality	causality	PROPN
afbr-76	9	6	test	test	NOUN
afbr-76	9	7	,	,	PUNCT
afbr-76	9	8	augmented	augment	VERB
afbr-76	9	9	dickey	dickey	PROPN
afbr-76	9	10	fuller	full	ADJ
afbr-76	9	11	test	test	NOUN
afbr-76	9	12	and	and	CCONJ
afbr-76	9	13	error	error	NOUN
afbr-76	9	14	correction	correction	NOUN
afbr-76	9	15	model	model	NOUN
afbr-76	9	16	were	be	AUX
afbr-76	9	17	used	use	VERB
afbr-76	9	18	to	to	PART
afbr-76	9	19	examine	examine	VERB
afbr-76	9	20	the	the	DET
afbr-76	9	21	variables	variable	NOUN
afbr-76	9	22	and	and	CCONJ
afbr-76	9	23	its	its	PRON
afbr-76	9	24	relationship	relationship	NOUN
afbr-76	9	25	to	to	ADP
afbr-76	9	26	the	the	DET
afbr-76	9	27	dependent	dependent	ADJ
afbr-76	9	28	variables	variable	NOUN
afbr-76	9	29	.	.	PUNCT
afbr-76	10	1	model	model	NOUN
afbr-76	10	2	one	one	NUM
afbr-76	10	3	revealed	reveal	VERB
afbr-76	10	4	that	that	SCONJ
afbr-76	10	5	foreign	foreign	ADJ
afbr-76	10	6	portfolio	portfolio	NOUN
afbr-76	10	7	investment	investment	NOUN
afbr-76	10	8	in	in	ADP
afbr-76	10	9	bonds	bond	NOUN
afbr-76	10	10	and	and	CCONJ
afbr-76	10	11	foreign	foreign	ADJ
afbr-76	10	12	portfolio	portfolio	NOUN
afbr-76	10	13	investment	investment	NOUN
afbr-76	10	14	in	in	ADP
afbr-76	10	15	government	government	NOUN
afbr-76	10	16	securities	security	NOUN
afbr-76	10	17	have	have	VERB
afbr-76	10	18	negative	negative	ADJ
afbr-76	10	19	relationship	relationship	NOUN
afbr-76	10	20	with	with	ADP
afbr-76	10	21	all	all	DET
afbr-76	10	22	share	share	NOUN
afbr-76	10	23	price	price	NOUN
afbr-76	10	24	index	index	NOUN
afbr-76	10	25	while	while	SCONJ
afbr-76	10	26	net	net	ADJ
afbr-76	10	27	foreign	foreign	ADJ
afbr-76	10	28	portfolio	portfolio	NOUN
afbr-76	10	29	investment	investment	NOUN
afbr-76	10	30	,	,	PUNCT
afbr-76	10	31	foreign	foreign	ADJ
afbr-76	10	32	portfolio	portfolio	NOUN
afbr-76	10	33	investment	investment	NOUN
afbr-76	10	34	in	in	ADP
afbr-76	10	35	equities	equity	NOUN
afbr-76	10	36	and	and	CCONJ
afbr-76	10	37	exchange	exchange	NOUN
afbr-76	10	38	rate	rate	NOUN
afbr-76	10	39	have	have	VERB
afbr-76	10	40	positive	positive	ADJ
afbr-76	10	41	relationship	relationship	NOUN
afbr-76	10	42	with	with	ADP
afbr-76	10	43	all	all	DET
afbr-76	10	44	share	share	NOUN
afbr-76	10	45	price	price	NOUN
afbr-76	10	46	index	index	NOUN
afbr-76	10	47	.	.	PUNCT
afbr-76	11	1	model	model	PROPN
afbr-76	11	2	two	two	NUM
afbr-76	11	3	revealed	reveal	VERB
afbr-76	11	4	that	that	SCONJ
afbr-76	11	5	net	net	ADJ
afbr-76	11	6	foreign	foreign	ADJ
afbr-76	11	7	portfolio	portfolio	NOUN
afbr-76	11	8	investment	investment	NOUN
afbr-76	11	9	,	,	PUNCT
afbr-76	11	10	portfolio	portfolio	NOUN
afbr-76	11	11	investments	investment	NOUN
afbr-76	11	12	in	in	ADP
afbr-76	11	13	bonds	bond	NOUN
afbr-76	11	14	and	and	CCONJ
afbr-76	11	15	government	government	NOUN
afbr-76	11	16	securities	security	NOUN
afbr-76	11	17	has	have	VERB
afbr-76	11	18	negative	negative	ADJ
afbr-76	11	19	relationship	relationship	NOUN
afbr-76	11	20	with	with	ADP
afbr-76	11	21	market	market	NOUN
afbr-76	11	22	capitalization	capitalization	NOUN
afbr-76	11	23	while	while	SCONJ
afbr-76	11	24	equity	equity	NOUN
afbr-76	11	25	investment	investment	NOUN
afbr-76	11	26	and	and	CCONJ
afbr-76	11	27	exchange	exchange	NOUN
afbr-76	11	28	rate	rate	NOUN
afbr-76	11	29	have	have	VERB
afbr-76	11	30	positive	positive	ADJ
afbr-76	11	31	relationship	relationship	NOUN
afbr-76	11	32	with	with	ADP
afbr-76	11	33	market	market	NOUN
afbr-76	11	34	capitalization	capitalization	NOUN
afbr-76	11	35	.	.	PUNCT
afbr-76	12	1	the	the	DET
afbr-76	12	2	study	study	NOUN
afbr-76	12	3	concludes	conclude	VERB
afbr-76	12	4	that	that	SCONJ
afbr-76	12	5	foreign	foreign	ADJ
afbr-76	12	6	portfolio	portfolio	NOUN
afbr-76	12	7	investment	investment	NOUN
afbr-76	12	8	have	have	VERB
afbr-76	12	9	significant	significant	ADJ
afbr-76	12	10	relationship	relationship	NOUN
afbr-76	12	11	with	with	ADP
afbr-76	12	12	nigerian	nigerian	ADJ
afbr-76	12	13	capital	capital	NOUN
afbr-76	12	14	market	market	NOUN
afbr-76	12	15	performance	performance	NOUN
afbr-76	12	16	.	.	PUNCT
afbr-76	13	1	it	it	PRON
afbr-76	13	2	therefore	therefore	ADV
afbr-76	13	3	recommends	recommend	VERB
afbr-76	13	4	that	that	SCONJ
afbr-76	13	5	policies	policy	NOUN
afbr-76	13	6	should	should	AUX
afbr-76	13	7	be	be	AUX
afbr-76	13	8	devised	devise	VERB
afbr-76	13	9	to	to	PART
afbr-76	13	10	enhance	enhance	VERB
afbr-76	13	11	the	the	DET
afbr-76	13	12	operational	operational	ADJ
afbr-76	13	13	efficiency	efficiency	NOUN
afbr-76	13	14	of	of	ADP
afbr-76	13	15	the	the	DET
afbr-76	13	16	nigerian	nigerian	ADJ
afbr-76	13	17	capital	capital	NOUN
afbr-76	13	18	market	market	NOUN
afbr-76	13	19	,	,	PUNCT
afbr-76	13	20	to	to	PART
afbr-76	13	21	attract	attract	VERB
afbr-76	13	22	foreign	foreign	ADJ
afbr-76	13	23	investors	investor	NOUN
afbr-76	13	24	.	.	PUNCT
afbr-76	14	1	keywords	keyword	NOUN
afbr-76	14	2	:	:	PUNCT
afbr-76	14	3	foreign	foreign	ADJ
afbr-76	14	4	portfolio	portfolio	NOUN
afbr-76	14	5	investment	investment	NOUN
afbr-76	14	6	,	,	PUNCT
afbr-76	14	7	nigerian	nigerian	ADJ
afbr-76	14	8	capital	capital	NOUN
afbr-76	14	9	market	market	NOUN
afbr-76	14	10	,	,	PUNCT
afbr-76	14	11	equity	equity	NOUN
afbr-76	14	12	investment	investment	NOUN
afbr-76	14	13	,	,	PUNCT
afbr-76	14	14	net	net	ADJ
afbr-76	14	15	foreign	foreign	ADJ
afbr-76	14	16	portfolio	portfolio	NOUN
afbr-76	14	17	investment	investment	NOUN
afbr-76	14	18	,	,	PUNCT
afbr-76	14	19	exchange	exchange	NOUN
afbr-76	14	20	rate	rate	NOUN
afbr-76	14	21	.	.	PUNCT
afbr-76	15	1	1	1	X
afbr-76	15	2	.	.	X
afbr-76	15	3	introduction	introduction	NOUN
afbr-76	15	4	one	one	NUM
afbr-76	15	5	of	of	ADP
afbr-76	15	6	the	the	DET
afbr-76	15	7	aims	aim	NOUN
afbr-76	15	8	of	of	ADP
afbr-76	15	9	economic	economic	ADJ
afbr-76	15	10	integration	integration	NOUN
afbr-76	15	11	,	,	PUNCT
afbr-76	15	12	partnership	partnership	NOUN
afbr-76	15	13	and	and	CCONJ
afbr-76	15	14	multi	multi	ADJ
afbr-76	15	15	-	-	ADJ
afbr-76	15	16	lateral	lateral	ADJ
afbr-76	15	17	investment	investment	NOUN
afbr-76	15	18	treaties	treaty	NOUN
afbr-76	15	19	is	be	AUX
afbr-76	15	20	the	the	DET
afbr-76	15	21	inflow	inflow	NOUN
afbr-76	15	22	and	and	CCONJ
afbr-76	15	23	outflow	outflow	NOUN
afbr-76	15	24	of	of	ADP
afbr-76	15	25	capital	capital	NOUN
afbr-76	15	26	across	across	ADP
afbr-76	15	27	national	national	ADJ
afbr-76	15	28	borders	border	NOUN
afbr-76	15	29	.	.	PUNCT
afbr-76	16	1	the	the	DET
afbr-76	16	2	aim	aim	NOUN
afbr-76	16	3	is	be	AUX
afbr-76	16	4	to	to	PART
afbr-76	16	5	bridge	bridge	VERB
afbr-76	16	6	the	the	DET
afbr-76	16	7	financial	financial	ADJ
afbr-76	16	8	disequilibrium	disequilibrium	NOUN
afbr-76	16	9	and	and	CCONJ
afbr-76	16	10	savings	saving	NOUN
afbr-76	16	11	investment	investment	NOUN
afbr-76	16	12	gap	gap	NOUN
afbr-76	16	13	that	that	PRON
afbr-76	16	14	exist	exist	VERB
afbr-76	16	15	among	among	ADP
afbr-76	16	16	countries	country	NOUN
afbr-76	16	17	.	.	PUNCT
afbr-76	17	1	nigerian	nigerian	ADJ
afbr-76	17	2	capital	capital	NOUN
afbr-76	17	3	market	market	NOUN
afbr-76	17	4	was	be	AUX
afbr-76	17	5	established	establish	VERB
afbr-76	17	6	in	in	ADP
afbr-76	17	7	1960	1960	NUM
afbr-76	17	8	to	to	PART
afbr-76	17	9	meet	meet	VERB
afbr-76	17	10	investors	investor	NOUN
afbr-76	17	11	’	'	PUNCT
afbr-76	17	12	needs	need	VERB
afbr-76	17	13	through	through	ADP
afbr-76	17	14	the	the	DET
afbr-76	17	15	creation	creation	NOUN
afbr-76	17	16	and	and	CCONJ
afbr-76	17	17	distribution	distribution	NOUN
afbr-76	17	18	of	of	ADP
afbr-76	17	19	long	long	ADJ
afbr-76	17	20	-	-	PUNCT
afbr-76	17	21	term	term	NOUN
afbr-76	17	22	financial	financial	ADJ
afbr-76	17	23	instruments	instrument	NOUN
afbr-76	17	24	such	such	ADJ
afbr-76	17	25	as	as	ADP
afbr-76	17	26	bonds	bond	NOUN
afbr-76	17	27	and	and	CCONJ
afbr-76	17	28	equities	equity	NOUN
afbr-76	17	29	within	within	ADP
afbr-76	17	30	nigeria	nigeria	PROPN
afbr-76	17	31	and	and	CCONJ
afbr-76	17	32	the	the	DET
afbr-76	17	33	flow	flow	NOUN
afbr-76	17	34	of	of	ADP
afbr-76	17	35	foreign	foreign	ADJ
afbr-76	17	36	portfolio	portfolio	NOUN
afbr-76	17	37	investors	investor	NOUN
afbr-76	17	38	.	.	PUNCT
afbr-76	18	1	portfolio	portfolio	NOUN
afbr-76	18	2	investment	investment	NOUN
afbr-76	18	3	is	be	AUX
afbr-76	18	4	the	the	DET
afbr-76	18	5	commitment	commitment	NOUN
afbr-76	18	6	of	of	ADP
afbr-76	18	7	resources	resource	NOUN
afbr-76	18	8	in	in	ADP
afbr-76	18	9	foreign	foreign	ADJ
afbr-76	18	10	securities	security	NOUN
afbr-76	18	11	by	by	ADP
afbr-76	18	12	foreign	foreign	ADJ
afbr-76	18	13	nationals	national	NOUN
afbr-76	18	14	,	,	PUNCT
afbr-76	18	15	with	with	ADP
afbr-76	18	16	view	view	NOUN
afbr-76	18	17	to	to	ADP
afbr-76	18	18	profitable	profitable	ADJ
afbr-76	18	19	returns	return	NOUN
afbr-76	18	20	(	(	PUNCT
afbr-76	18	21	ezirim	ezirim	NOUN
afbr-76	18	22	,	,	PUNCT
afbr-76	18	23	2005	2005	NUM
afbr-76	18	24	)	)	PUNCT
afbr-76	18	25	.	.	PUNCT
afbr-76	19	1	foreign	foreign	ADJ
afbr-76	19	2	portfolio	portfolio	NOUN
afbr-76	19	3	investment	investment	NOUN
afbr-76	19	4	is	be	AUX
afbr-76	19	5	a	a	DET
afbr-76	19	6	component	component	NOUN
afbr-76	19	7	of	of	ADP
afbr-76	19	8	foreign	foreign	ADJ
afbr-76	19	9	private	private	ADJ
afbr-76	19	10	capital	capital	NOUN
afbr-76	19	11	;	;	PUNCT
afbr-76	19	12	it	it	PRON
afbr-76	19	13	is	be	AUX
afbr-76	19	14	an	an	DET
afbr-76	19	15	aspect	aspect	NOUN
afbr-76	19	16	of	of	ADP
afbr-76	19	17	international	international	ADJ
afbr-76	19	18	capital	capital	NOUN
afbr-76	19	19	flows	flow	NOUN
afbr-76	19	20	,	,	PUNCT
afbr-76	19	21	comprising	comprising	NOUN
afbr-76	19	22	transfer	transfer	NOUN
afbr-76	19	23	of	of	ADP
afbr-76	19	24	financial	financial	ADJ
afbr-76	19	25	assets	asset	NOUN
afbr-76	19	26	,	,	PUNCT
afbr-76	19	27	such	such	ADJ
afbr-76	19	28	as	as	ADP
afbr-76	19	29	cash	cash	NOUN
afbr-76	19	30	,	,	PUNCT
afbr-76	19	31	stocks	stock	NOUN
afbr-76	19	32	or	or	CCONJ
afbr-76	19	33	bonds	bond	NOUN
afbr-76	19	34	across	across	ADP
afbr-76	19	35	international	international	ADJ
afbr-76	19	36	border	border	NOUN
afbr-76	19	37	in	in	ADP
afbr-76	19	38	want	want	NOUN
afbr-76	19	39	of	of	ADP
afbr-76	19	40	profit	profit	NOUN
afbr-76	19	41	(	(	PUNCT
afbr-76	19	42	chukwuemeka	chukwuemeka	PROPN
afbr-76	19	43	,	,	PUNCT
afbr-76	19	44	2008	2008	NUM
afbr-76	19	45	)	)	PUNCT
afbr-76	19	46	.	.	PUNCT
afbr-76	20	1	the	the	DET
afbr-76	20	2	inflow	inflow	NOUN
afbr-76	20	3	of	of	ADP
afbr-76	20	4	foreign	foreign	ADJ
afbr-76	20	5	portfolio	portfolio	NOUN
afbr-76	20	6	investment	investment	NOUN
afbr-76	20	7	is	be	AUX
afbr-76	20	8	determined	determine	VERB
afbr-76	20	9	by	by	ADP
afbr-76	20	10	the	the	DET
afbr-76	20	11	development	development	NOUN
afbr-76	20	12	of	of	ADP
afbr-76	20	13	the	the	DET
afbr-76	20	14	capital	capital	NOUN
afbr-76	20	15	market	market	NOUN
afbr-76	20	16	,	,	PUNCT
afbr-76	20	17	the	the	DET
afbr-76	20	18	market	market	NOUN
afbr-76	20	19	rate	rate	NOUN
afbr-76	20	20	of	of	ADP
afbr-76	20	21	return	return	NOUN
afbr-76	20	22	and	and	CCONJ
afbr-76	20	23	the	the	DET
afbr-76	20	24	monetary	monetary	ADJ
afbr-76	20	25	policy	policy	NOUN
afbr-76	20	26	of	of	ADP
afbr-76	20	27	the	the	DET
afbr-76	20	28	country	country	NOUN
afbr-76	20	29	.	.	PUNCT
afbr-76	21	1	unlike	unlike	ADP
afbr-76	21	2	foreign	foreign	ADJ
afbr-76	21	3	direct	direct	ADJ
afbr-76	21	4	investment	investment	NOUN
afbr-76	21	5	,	,	PUNCT
afbr-76	21	6	inflow	inflow	NOUN
afbr-76	21	7	of	of	ADP
afbr-76	21	8	portfolio	portfolio	NOUN
afbr-76	21	9	investment	investment	NOUN
afbr-76	21	10	is	be	AUX
afbr-76	21	11	sensitive	sensitive	ADJ
afbr-76	21	12	to	to	PART
afbr-76	21	13	exchange	exchange	VERB
afbr-76	21	14	rate	rate	NOUN
afbr-76	21	15	risk	risk	NOUN
afbr-76	21	16	and	and	CCONJ
afbr-76	21	17	political	political	ADJ
afbr-76	21	18	risk	risk	NOUN
afbr-76	21	19	of	of	ADP
afbr-76	21	20	the	the	DET
afbr-76	21	21	country	country	NOUN
afbr-76	21	22	(	(	PUNCT
afbr-76	21	23	anayochukwu	anayochukwu	PROPN
afbr-76	21	24	,	,	PUNCT
afbr-76	21	25	2012	2012	NUM
afbr-76	21	26	)	)	PUNCT
afbr-76	21	27	.	.	PUNCT
afbr-76	22	1	the	the	DET
afbr-76	22	2	relationship	relationship	NOUN
afbr-76	22	3	between	between	ADP
afbr-76	22	4	foreign	foreign	ADJ
afbr-76	22	5	portfolio	portfolio	NOUN
afbr-76	22	6	investment	investment	NOUN
afbr-76	22	7	and	and	CCONJ
afbr-76	22	8	the	the	DET
afbr-76	22	9	capital	capital	NOUN
afbr-76	22	10	market	market	NOUN
afbr-76	22	11	of	of	ADP
afbr-76	22	12	the	the	DET
afbr-76	22	13	emerging	emerge	VERB
afbr-76	22	14	financial	financial	ADJ
afbr-76	22	15	market	market	NOUN
afbr-76	22	16	has	have	VERB
afbr-76	22	17	results	result	NOUN
afbr-76	22	18	in	in	ADP
afbr-76	22	19	two	two	NUM
afbr-76	22	20	schools	school	NOUN
afbr-76	22	21	of	of	ADP
afbr-76	22	22	thought	thought	NOUN
afbr-76	22	23	.	.	PUNCT
afbr-76	23	1	first	first	ADV
afbr-76	23	2	yartey	yartey	PROPN
afbr-76	23	3	(	(	PUNCT
afbr-76	23	4	2008	2008	NUM
afbr-76	23	5	)	)	PUNCT
afbr-76	23	6	argues	argue	VERB
afbr-76	23	7	that	that	SCONJ
afbr-76	23	8	economic	economic	ADJ
afbr-76	23	9	activities	activity	NOUN
afbr-76	23	10	in	in	ADP
afbr-76	23	11	a	a	DET
afbr-76	23	12	country	country	NOUN
afbr-76	23	13	constitute	constitute	VERB
afbr-76	23	14	the	the	DET
afbr-76	23	15	key	key	ADJ
afbr-76	23	16	drivers	driver	NOUN
afbr-76	23	17	of	of	ADP
afbr-76	23	18	the	the	DET
afbr-76	23	19	growth	growth	NOUN
afbr-76	23	20	and	and	CCONJ
afbr-76	23	21	development	development	NOUN
afbr-76	23	22	of	of	ADP
afbr-76	23	23	the	the	DET
afbr-76	23	24	stock	stock	NOUN
afbr-76	23	25	market	market	NOUN
afbr-76	23	26	.	.	PUNCT
afbr-76	24	1	they	they	PRON
afbr-76	24	2	opined	opine	VERB
afbr-76	24	3	that	that	SCONJ
afbr-76	24	4	financing	finance	VERB
afbr-76	24	5	a	a	DET
afbr-76	24	6	country	country	NOUN
afbr-76	24	7	’s	’s	PART
afbr-76	24	8	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-76	24	9	australian	australian	ADJ
afbr-76	24	10	finance	finance	PROPN
afbr-76	24	11	&	&	CCONJ
afbr-76	24	12	banking	banking	PROPN
afbr-76	24	13	review	review	PROPN
afbr-76	24	14	vol	vol	NOUN
afbr-76	24	15	.	.	PROPN
afbr-76	25	1	2	2	NUM
afbr-76	25	2	,	,	PUNCT
afbr-76	25	3	no	no	INTJ
afbr-76	25	4	.	.	NOUN
afbr-76	25	5	1	1	NUM
afbr-76	25	6	;	;	PUNCT
afbr-76	25	7	2018	2018	NUM
afbr-76	25	8	12	12	NUM
afbr-76	25	9	growth	growth	NOUN
afbr-76	25	10	through	through	ADP
afbr-76	25	11	foreign	foreign	ADJ
afbr-76	25	12	portfolio	portfolio	NOUN
afbr-76	25	13	investment	investment	NOUN
afbr-76	25	14	can	can	AUX
afbr-76	25	15	expose	expose	VERB
afbr-76	25	16	the	the	DET
afbr-76	25	17	country	country	NOUN
afbr-76	25	18	to	to	ADP
afbr-76	25	19	international	international	ADJ
afbr-76	25	20	monetary	monetary	ADJ
afbr-76	25	21	shocks	shock	NOUN
afbr-76	25	22	,	,	PUNCT
afbr-76	25	23	for	for	ADP
afbr-76	25	24	instance	instance	NOUN
afbr-76	25	25	the	the	DET
afbr-76	25	26	global	global	ADJ
afbr-76	25	27	financial	financial	ADJ
afbr-76	25	28	crises	crisis	NOUN
afbr-76	25	29	,	,	PUNCT
afbr-76	25	30	findings	finding	NOUN
afbr-76	25	31	in	in	ADP
afbr-76	25	32	support	support	NOUN
afbr-76	25	33	of	of	ADP
afbr-76	25	34	this	this	PRON
afbr-76	25	35	are	be	AUX
afbr-76	25	36	dellas	dellas	ADJ
afbr-76	25	37	and	and	CCONJ
afbr-76	25	38	martin	martin	PROPN
afbr-76	25	39	(	(	PUNCT
afbr-76	25	40	2002	2002	NUM
afbr-76	25	41	)	)	PUNCT
afbr-76	25	42	,	,	PUNCT
afbr-76	25	43	chanda	chanda	PROPN
afbr-76	25	44	(	(	PUNCT
afbr-76	25	45	2000	2000	NUM
afbr-76	25	46	)	)	PUNCT
afbr-76	25	47	,	,	PUNCT
afbr-76	25	48	and	and	CCONJ
afbr-76	25	49	carlson	carlson	PROPN
afbr-76	25	50	and	and	CCONJ
afbr-76	25	51	hernandez	hernandez	PROPN
afbr-76	25	52	(	(	PUNCT
afbr-76	25	53	2002	2002	NUM
afbr-76	25	54	)	)	PUNCT
afbr-76	25	55	.	.	PUNCT
afbr-76	26	1	the	the	DET
afbr-76	26	2	second	second	ADJ
afbr-76	26	3	schools	school	NOUN
afbr-76	26	4	of	of	ADP
afbr-76	26	5	thought	thought	NOUN
afbr-76	26	6	argued	argue	VERB
afbr-76	26	7	that	that	SCONJ
afbr-76	26	8	greater	great	ADJ
afbr-76	26	9	openness	openness	NOUN
afbr-76	26	10	will	will	AUX
afbr-76	26	11	lead	lead	VERB
afbr-76	26	12	to	to	ADP
afbr-76	26	13	inflow	inflow	NOUN
afbr-76	26	14	of	of	ADP
afbr-76	26	15	foreign	foreign	ADJ
afbr-76	26	16	portfolio	portfolio	NOUN
afbr-76	26	17	investment	investment	NOUN
afbr-76	26	18	that	that	PRON
afbr-76	26	19	will	will	AUX
afbr-76	26	20	enable	enable	VERB
afbr-76	26	21	the	the	DET
afbr-76	26	22	country	country	NOUN
afbr-76	26	23	to	to	PART
afbr-76	26	24	benefit	benefit	VERB
afbr-76	26	25	from	from	ADP
afbr-76	26	26	research	research	NOUN
afbr-76	26	27	and	and	CCONJ
afbr-76	26	28	development	development	NOUN
afbr-76	26	29	which	which	PRON
afbr-76	26	30	can	can	AUX
afbr-76	26	31	result	result	VERB
afbr-76	26	32	in	in	ADP
afbr-76	26	33	positive	positive	ADJ
afbr-76	26	34	spillover	spillover	NOUN
afbr-76	26	35	effect	effect	NOUN
afbr-76	26	36	to	to	ADP
afbr-76	26	37	other	other	ADJ
afbr-76	26	38	sectors	sector	NOUN
afbr-76	26	39	of	of	ADP
afbr-76	26	40	the	the	DET
afbr-76	26	41	economy	economy	NOUN
afbr-76	26	42	and	and	CCONJ
afbr-76	26	43	the	the	DET
afbr-76	26	44	development	development	NOUN
afbr-76	26	45	of	of	ADP
afbr-76	26	46	capital	capital	NOUN
afbr-76	26	47	market	market	NOUN
afbr-76	26	48	(	(	PUNCT
afbr-76	26	49	chee	chee	NOUN
afbr-76	26	50	and	and	CCONJ
afbr-76	26	51	stulz	stulz	ADJ
afbr-76	26	52	,	,	PUNCT
afbr-76	26	53	1999	1999	NUM
afbr-76	26	54	;	;	PUNCT
afbr-76	26	55	moreso	moreso	NOUN
afbr-76	26	56	,	,	PUNCT
afbr-76	26	57	1993	1993	NUM
afbr-76	26	58	;	;	PUNCT
afbr-76	26	59	and	and	CCONJ
afbr-76	26	60	gould	gould	PROPN
afbr-76	26	61	et	et	PROPN
afbr-76	26	62	al	al	PROPN
afbr-76	26	63	.	.	PROPN
afbr-76	26	64	,	,	PUNCT
afbr-76	26	65	1993	1993	NUM
afbr-76	26	66	)	)	PUNCT
afbr-76	26	67	.	.	PUNCT
afbr-76	27	1	this	this	DET
afbr-76	27	2	view	view	NOUN
afbr-76	27	3	is	be	AUX
afbr-76	27	4	supported	support	VERB
afbr-76	27	5	by	by	ADP
afbr-76	27	6	the	the	DET
afbr-76	27	7	nigerian	nigerian	ADJ
afbr-76	27	8	capital	capital	NOUN
afbr-76	27	9	market	market	NOUN
afbr-76	27	10	reforms	reform	NOUN
afbr-76	27	11	with	with	ADP
afbr-76	27	12	the	the	DET
afbr-76	27	13	objective	objective	NOUN
afbr-76	27	14	of	of	ADP
afbr-76	27	15	attracting	attract	VERB
afbr-76	27	16	foreign	foreign	ADJ
afbr-76	27	17	investors	investor	NOUN
afbr-76	27	18	.	.	PUNCT
afbr-76	28	1	the	the	DET
afbr-76	28	2	theories	theory	NOUN
afbr-76	28	3	dominating	dominate	VERB
afbr-76	28	4	the	the	DET
afbr-76	28	5	flow	flow	NOUN
afbr-76	28	6	of	of	ADP
afbr-76	28	7	foreign	foreign	ADJ
afbr-76	28	8	portfolio	portfolio	NOUN
afbr-76	28	9	investment	investment	NOUN
afbr-76	28	10	and	and	CCONJ
afbr-76	28	11	capital	capital	NOUN
afbr-76	28	12	market	market	NOUN
afbr-76	28	13	growth	growth	NOUN
afbr-76	28	14	have	have	AUX
afbr-76	28	15	been	be	AUX
afbr-76	28	16	the	the	DET
afbr-76	28	17	standard	standard	ADJ
afbr-76	28	18	neo	neo	ADJ
afbr-76	28	19	-	-	ADJ
afbr-76	28	20	classical	classical	ADJ
afbr-76	28	21	theory	theory	NOUN
afbr-76	28	22	of	of	ADP
afbr-76	28	23	foreign	foreign	ADJ
afbr-76	28	24	portfolio	portfolio	NOUN
afbr-76	28	25	inflows	inflow	NOUN
afbr-76	28	26	which	which	PRON
afbr-76	28	27	predicts	predict	VERB
afbr-76	28	28	that	that	SCONJ
afbr-76	28	29	capital	capital	NOUN
afbr-76	28	30	should	should	AUX
afbr-76	28	31	flow	flow	VERB
afbr-76	28	32	from	from	ADP
afbr-76	28	33	the	the	DET
afbr-76	28	34	capital	capital	NOUN
afbr-76	28	35	rich	rich	ADJ
afbr-76	28	36	countries	country	NOUN
afbr-76	28	37	to	to	PART
afbr-76	28	38	capital	capital	VERB
afbr-76	28	39	scarce	scarce	ADJ
afbr-76	28	40	countries	country	NOUN
afbr-76	28	41	and	and	CCONJ
afbr-76	28	42	the	the	DET
afbr-76	28	43	lucas	lucas	PROPN
afbr-76	28	44	paradox	paradox	NOUN
afbr-76	28	45	or	or	CCONJ
afbr-76	28	46	why	why	SCONJ
afbr-76	28	47	capital	capital	NOUN
afbr-76	28	48	does	do	AUX
afbr-76	28	49	not	not	PART
afbr-76	28	50	seem	seem	VERB
afbr-76	28	51	to	to	PART
afbr-76	28	52	flow	flow	VERB
afbr-76	28	53	from	from	ADP
afbr-76	28	54	rich	rich	ADJ
afbr-76	28	55	to	to	ADP
afbr-76	28	56	poor	poor	ADJ
afbr-76	28	57	countries	country	NOUN
afbr-76	28	58	(	(	PUNCT
afbr-76	28	59	francis	francis	PROPN
afbr-76	28	60	,	,	PUNCT
afbr-76	28	61	2013).theoretically	2013).theoretically	ADV
afbr-76	28	62	,	,	PUNCT
afbr-76	28	63	numerous	numerous	ADJ
afbr-76	28	64	body	body	NOUN
afbr-76	28	65	of	of	ADP
afbr-76	28	66	knowledge	knowledge	NOUN
afbr-76	28	67	,	,	PUNCT
afbr-76	28	68	known	know	VERB
afbr-76	28	69	as	as	ADP
afbr-76	28	70	portfolio	portfolio	NOUN
afbr-76	28	71	theory	theory	NOUN
afbr-76	28	72	,	,	PUNCT
afbr-76	28	73	has	have	AUX
afbr-76	28	74	been	be	AUX
afbr-76	28	75	propounded	propound	VERB
afbr-76	28	76	to	to	PART
afbr-76	28	77	evaluate	evaluate	VERB
afbr-76	28	78	the	the	DET
afbr-76	28	79	behavior	behavior	NOUN
afbr-76	28	80	of	of	ADP
afbr-76	28	81	portfolio	portfolio	NOUN
afbr-76	28	82	investment	investment	NOUN
afbr-76	28	83	.	.	PUNCT
afbr-76	29	1	harry	harry	PROPN
afbr-76	29	2	markowitz	markowitz	PROPN
afbr-76	29	3	(	(	PUNCT
afbr-76	29	4	1951	1951	NUM
afbr-76	29	5	)	)	PUNCT
afbr-76	29	6	noted	note	VERB
afbr-76	29	7	that	that	SCONJ
afbr-76	29	8	portfolio	portfolio	NOUN
afbr-76	29	9	investment	investment	NOUN
afbr-76	29	10	is	be	AUX
afbr-76	29	11	a	a	DET
afbr-76	29	12	function	function	NOUN
afbr-76	29	13	of	of	ADP
afbr-76	29	14	market	market	NOUN
afbr-76	29	15	rate	rate	NOUN
afbr-76	29	16	of	of	ADP
afbr-76	29	17	return	return	NOUN
afbr-76	29	18	.	.	PUNCT
afbr-76	30	1	this	this	PRON
afbr-76	30	2	means	mean	VERB
afbr-76	30	3	that	that	SCONJ
afbr-76	30	4	inflow	inflow	NOUN
afbr-76	30	5	of	of	ADP
afbr-76	30	6	portfolio	portfolio	NOUN
afbr-76	30	7	investment	investment	NOUN
afbr-76	30	8	to	to	ADP
afbr-76	30	9	nigerian	nigerian	ADJ
afbr-76	30	10	capital	capital	NOUN
afbr-76	30	11	will	will	AUX
afbr-76	30	12	increase	increase	VERB
afbr-76	30	13	if	if	SCONJ
afbr-76	30	14	the	the	DET
afbr-76	30	15	market	market	NOUN
afbr-76	30	16	rate	rate	NOUN
afbr-76	30	17	of	of	ADP
afbr-76	30	18	return	return	NOUN
afbr-76	30	19	exceeds	exceed	VERB
afbr-76	30	20	the	the	DET
afbr-76	30	21	cost	cost	NOUN
afbr-76	30	22	of	of	ADP
afbr-76	30	23	the	the	DET
afbr-76	30	24	investment	investment	NOUN
afbr-76	30	25	.	.	PUNCT
afbr-76	31	1	the	the	DET
afbr-76	31	2	challenges	challenge	NOUN
afbr-76	31	3	facing	face	VERB
afbr-76	31	4	the	the	DET
afbr-76	31	5	inflow	inflow	NOUN
afbr-76	31	6	of	of	ADP
afbr-76	31	7	foreign	foreign	ADJ
afbr-76	31	8	portfolio	portfolio	NOUN
afbr-76	31	9	investment	investment	NOUN
afbr-76	31	10	determines	determine	VERB
afbr-76	31	11	the	the	DET
afbr-76	31	12	value	value	NOUN
afbr-76	31	13	of	of	ADP
afbr-76	31	14	inflow	inflow	NOUN
afbr-76	31	15	to	to	ADP
afbr-76	31	16	nigeria	nigeria	PROPN
afbr-76	31	17	in	in	ADP
afbr-76	31	18	the	the	DET
afbr-76	31	19	past	past	NOUN
afbr-76	31	20	and	and	CCONJ
afbr-76	31	21	present	present	ADJ
afbr-76	31	22	.	.	PUNCT
afbr-76	32	1	the	the	DET
afbr-76	32	2	emerging	emerge	VERB
afbr-76	32	3	and	and	CCONJ
afbr-76	32	4	underdeveloped	underdeveloped	ADJ
afbr-76	32	5	status	status	NOUN
afbr-76	32	6	of	of	ADP
afbr-76	32	7	the	the	DET
afbr-76	32	8	nigeria	nigeria	PROPN
afbr-76	32	9	financial	financial	ADJ
afbr-76	32	10	market	market	NOUN
afbr-76	32	11	compared	compare	VERB
afbr-76	32	12	with	with	ADP
afbr-76	32	13	financial	financial	ADJ
afbr-76	32	14	markets	market	NOUN
afbr-76	32	15	of	of	ADP
afbr-76	32	16	the	the	DET
afbr-76	32	17	developed	develop	VERB
afbr-76	32	18	nations	nation	NOUN
afbr-76	32	19	,	,	PUNCT
afbr-76	32	20	nigeria	nigeria	PROPN
afbr-76	32	21	financial	financial	ADJ
afbr-76	32	22	market	market	NOUN
afbr-76	32	23	lack	lack	VERB
afbr-76	32	24	some	some	DET
afbr-76	32	25	credibility	credibility	NOUN
afbr-76	32	26	to	to	PART
afbr-76	32	27	attract	attract	VERB
afbr-76	32	28	foreign	foreign	ADJ
afbr-76	32	29	portfolio	portfolio	NOUN
afbr-76	32	30	investment	investment	NOUN
afbr-76	32	31	.	.	PUNCT
afbr-76	33	1	for	for	ADP
afbr-76	33	2	instance	instance	NOUN
afbr-76	33	3	,	,	PUNCT
afbr-76	33	4	prior	prior	ADV
afbr-76	33	5	to	to	ADP
afbr-76	33	6	the	the	DET
afbr-76	33	7	consolidation	consolidation	NOUN
afbr-76	33	8	reform	reform	NOUN
afbr-76	33	9	in	in	ADP
afbr-76	33	10	the	the	DET
afbr-76	33	11	banking	banking	NOUN
afbr-76	33	12	system	system	NOUN
afbr-76	33	13	,	,	PUNCT
afbr-76	33	14	nigerian	nigerian	ADJ
afbr-76	33	15	banks	bank	NOUN
afbr-76	33	16	were	be	AUX
afbr-76	33	17	not	not	PART
afbr-76	33	18	considered	consider	VERB
afbr-76	33	19	very	very	ADV
afbr-76	33	20	healthy	healthy	ADJ
afbr-76	33	21	to	to	PART
afbr-76	33	22	attract	attract	VERB
afbr-76	33	23	foreign	foreign	ADJ
afbr-76	33	24	portfolio	portfolio	NOUN
afbr-76	33	25	investment	investment	NOUN
afbr-76	33	26	as	as	ADP
afbr-76	33	27	a	a	DET
afbr-76	33	28	result	result	NOUN
afbr-76	33	29	of	of	ADP
afbr-76	33	30	the	the	DET
afbr-76	33	31	poor	poor	ADJ
afbr-76	33	32	rating	rating	NOUN
afbr-76	33	33	.	.	PUNCT
afbr-76	34	1	the	the	DET
afbr-76	34	2	capital	capital	NOUN
afbr-76	34	3	market	market	NOUN
afbr-76	34	4	and	and	CCONJ
afbr-76	34	5	other	other	ADJ
afbr-76	34	6	institutional	institutional	ADJ
afbr-76	34	7	policies	policy	NOUN
afbr-76	34	8	also	also	ADV
afbr-76	34	9	have	have	VERB
afbr-76	34	10	a	a	DET
afbr-76	34	11	negative	negative	ADJ
afbr-76	34	12	effect	effect	NOUN
afbr-76	34	13	on	on	ADP
afbr-76	34	14	the	the	DET
afbr-76	34	15	inflow	inflow	NOUN
afbr-76	34	16	of	of	ADP
afbr-76	34	17	foreign	foreign	ADJ
afbr-76	34	18	portfolio	portfolio	NOUN
afbr-76	34	19	investment	investment	NOUN
afbr-76	34	20	in	in	ADP
afbr-76	34	21	nigeria	nigeria	PROPN
afbr-76	34	22	(	(	PUNCT
afbr-76	34	23	onoh	onoh	PROPN
afbr-76	34	24	,	,	PUNCT
afbr-76	34	25	2002	2002	NUM
afbr-76	34	26	)	)	PUNCT
afbr-76	34	27	.	.	PUNCT
afbr-76	35	1	other	other	ADJ
afbr-76	35	2	factors	factor	NOUN
afbr-76	35	3	may	may	AUX
afbr-76	35	4	either	either	CCONJ
afbr-76	35	5	have	have	VERB
afbr-76	35	6	a	a	DET
afbr-76	35	7	negative	negative	ADJ
afbr-76	35	8	or	or	CCONJ
afbr-76	35	9	positive	positive	ADJ
afbr-76	35	10	effect	effect	NOUN
afbr-76	35	11	on	on	ADP
afbr-76	35	12	net	net	ADJ
afbr-76	35	13	inflow	inflow	NOUN
afbr-76	35	14	of	of	ADP
afbr-76	35	15	foreign	foreign	ADJ
afbr-76	35	16	portfolio	portfolio	NOUN
afbr-76	35	17	investment	investment	NOUN
afbr-76	35	18	(	(	PUNCT
afbr-76	35	19	fpi	fpi	PROPN
afbr-76	35	20	)	)	PUNCT
afbr-76	35	21	.	.	PUNCT
afbr-76	36	1	however	however	ADV
afbr-76	36	2	,	,	PUNCT
afbr-76	36	3	despite	despite	SCONJ
afbr-76	36	4	the	the	DET
afbr-76	36	5	growing	grow	VERB
afbr-76	36	6	literature	literature	NOUN
afbr-76	36	7	on	on	ADP
afbr-76	36	8	the	the	DET
afbr-76	36	9	performance	performance	NOUN
afbr-76	36	10	of	of	ADP
afbr-76	36	11	the	the	DET
afbr-76	36	12	nigerian	nigerian	ADJ
afbr-76	36	13	capital	capital	NOUN
afbr-76	36	14	market	market	NOUN
afbr-76	36	15	,	,	PUNCT
afbr-76	36	16	none	none	NOUN
afbr-76	36	17	has	have	AUX
afbr-76	36	18	examined	examine	VERB
afbr-76	36	19	the	the	DET
afbr-76	36	20	relationship	relationship	NOUN
afbr-76	36	21	or	or	CCONJ
afbr-76	36	22	effect	effect	NOUN
afbr-76	36	23	of	of	ADP
afbr-76	36	24	the	the	DET
afbr-76	36	25	various	various	ADJ
afbr-76	36	26	reforms	reform	NOUN
afbr-76	36	27	on	on	ADP
afbr-76	36	28	the	the	DET
afbr-76	36	29	inflow	inflow	NOUN
afbr-76	36	30	of	of	ADP
afbr-76	36	31	foreign	foreign	ADJ
afbr-76	36	32	portfolio	portfolio	NOUN
afbr-76	36	33	investment	investment	NOUN
afbr-76	36	34	.	.	PUNCT
afbr-76	37	1	similar	similar	ADJ
afbr-76	37	2	study	study	NOUN
afbr-76	37	3	by	by	ADP
afbr-76	37	4	chi	chi	ADJ
afbr-76	37	5	-	-	PUNCT
afbr-76	37	6	chi	chi	PROPN
afbr-76	37	7	and	and	CCONJ
afbr-76	37	8	eze	eze	ADJ
afbr-76	37	9	,	,	PUNCT
afbr-76	37	10	(	(	PUNCT
afbr-76	37	11	2013	2013	NUM
afbr-76	37	12	)	)	PUNCT
afbr-76	37	13	examined	examine	VERB
afbr-76	37	14	the	the	DET
afbr-76	37	15	determinants	determinant	NOUN
afbr-76	37	16	of	of	ADP
afbr-76	37	17	foreign	foreign	ADJ
afbr-76	37	18	portfolio	portfolio	NOUN
afbr-76	37	19	investment	investment	NOUN
afbr-76	37	20	in	in	ADP
afbr-76	37	21	nigeria	nigeria	PROPN
afbr-76	37	22	.	.	PUNCT
afbr-76	38	1	this	this	DET
afbr-76	38	2	study	study	NOUN
afbr-76	38	3	seeks	seek	VERB
afbr-76	38	4	to	to	PART
afbr-76	38	5	examine	examine	VERB
afbr-76	38	6	the	the	DET
afbr-76	38	7	effect	effect	NOUN
afbr-76	38	8	of	of	ADP
afbr-76	38	9	the	the	DET
afbr-76	38	10	various	various	ADJ
afbr-76	38	11	policy	policy	NOUN
afbr-76	38	12	reforms	reform	NOUN
afbr-76	38	13	on	on	ADP
afbr-76	38	14	the	the	DET
afbr-76	38	15	inflow	inflow	NOUN
afbr-76	38	16	of	of	ADP
afbr-76	38	17	foreign	foreign	ADJ
afbr-76	38	18	portfolio	portfolio	NOUN
afbr-76	38	19	investment	investment	NOUN
afbr-76	38	20	on	on	ADP
afbr-76	38	21	the	the	DET
afbr-76	38	22	growth	growth	NOUN
afbr-76	38	23	of	of	ADP
afbr-76	38	24	the	the	DET
afbr-76	38	25	nigerian	nigerian	ADJ
afbr-76	38	26	capital	capital	NOUN
afbr-76	38	27	market	market	NOUN
afbr-76	38	28	2	2	NUM
afbr-76	38	29	.	.	X
afbr-76	38	30	review	review	NOUN
afbr-76	38	31	of	of	ADP
afbr-76	38	32	related	related	ADJ
afbr-76	38	33	literature	literature	NOUN
afbr-76	38	34	theories	theory	NOUN
afbr-76	38	35	of	of	ADP
afbr-76	38	36	stock	stock	NOUN
afbr-76	38	37	market	market	NOUN
afbr-76	38	38	price	price	NOUN
afbr-76	38	39	▪	▪	ADJ
afbr-76	38	40	efficient	efficient	ADJ
afbr-76	38	41	market	market	NOUN
afbr-76	38	42	hypothesis	hypothesis	NOUN
afbr-76	38	43	efficient	efficient	ADJ
afbr-76	38	44	market	market	NOUN
afbr-76	38	45	hypothesis	hypothesis	NOUN
afbr-76	38	46	(	(	PUNCT
afbr-76	38	47	emh	emh	PROPN
afbr-76	38	48	)	)	PUNCT
afbr-76	38	49	asserts	assert	VERB
afbr-76	38	50	that	that	SCONJ
afbr-76	38	51	in	in	ADP
afbr-76	38	52	an	an	DET
afbr-76	38	53	efficient	efficient	ADJ
afbr-76	38	54	market	market	NOUN
afbr-76	38	55	,	,	PUNCT
afbr-76	38	56	prices	price	NOUN
afbr-76	38	57	at	at	ADP
afbr-76	38	58	all	all	DET
afbr-76	38	59	times	time	NOUN
afbr-76	38	60	fully	fully	ADV
afbr-76	38	61	reflect	reflect	VERB
afbr-76	38	62	all	all	DET
afbr-76	38	63	available	available	ADJ
afbr-76	38	64	information	information	NOUN
afbr-76	38	65	that	that	PRON
afbr-76	38	66	is	be	AUX
afbr-76	38	67	relevant	relevant	ADJ
afbr-76	38	68	to	to	ADP
afbr-76	38	69	their	their	PRON
afbr-76	38	70	valuation	valuation	NOUN
afbr-76	38	71	(	(	PUNCT
afbr-76	38	72	fama	fama	PROPN
afbr-76	38	73	,	,	PUNCT
afbr-76	38	74	1970	1970	NUM
afbr-76	38	75	)	)	PUNCT
afbr-76	38	76	.	.	PUNCT
afbr-76	39	1	the	the	DET
afbr-76	39	2	efficiency	efficiency	NOUN
afbr-76	39	3	of	of	ADP
afbr-76	39	4	stock	stock	NOUN
afbr-76	39	5	markets	market	NOUN
afbr-76	39	6	has	have	AUX
afbr-76	39	7	been	be	AUX
afbr-76	39	8	a	a	DET
afbr-76	39	9	major	major	ADJ
afbr-76	39	10	area	area	NOUN
afbr-76	39	11	of	of	ADP
afbr-76	39	12	research	research	NOUN
afbr-76	39	13	in	in	ADP
afbr-76	39	14	financial	financial	ADJ
afbr-76	39	15	economics	economic	NOUN
afbr-76	39	16	,	,	PUNCT
afbr-76	39	17	particularly	particularly	ADV
afbr-76	39	18	as	as	SCONJ
afbr-76	39	19	it	it	PRON
afbr-76	39	20	pertains	pertain	VERB
afbr-76	39	21	to	to	ADP
afbr-76	39	22	stock	stock	NOUN
afbr-76	39	23	markets	market	NOUN
afbr-76	39	24	of	of	ADP
afbr-76	39	25	developing	develop	VERB
afbr-76	39	26	economies	economy	NOUN
afbr-76	39	27	(	(	PUNCT
afbr-76	39	28	rapuluchukwu	rapuluchukwu	NOUN
afbr-76	39	29	,	,	PUNCT
afbr-76	39	30	2010	2010	NUM
afbr-76	39	31	)	)	PUNCT
afbr-76	39	32	.	.	PUNCT
afbr-76	40	1	this	this	PRON
afbr-76	40	2	is	be	AUX
afbr-76	40	3	because	because	SCONJ
afbr-76	40	4	of	of	ADP
afbr-76	40	5	the	the	DET
afbr-76	40	6	implication	implication	NOUN
afbr-76	40	7	of	of	ADP
afbr-76	40	8	market	market	NOUN
afbr-76	40	9	efficiency	efficiency	NOUN
afbr-76	40	10	to	to	ADP
afbr-76	40	11	the	the	DET
afbr-76	40	12	functioning	functioning	NOUN
afbr-76	40	13	of	of	ADP
afbr-76	40	14	the	the	DET
afbr-76	40	15	capital	capital	NOUN
afbr-76	40	16	market	market	NOUN
afbr-76	40	17	;	;	PUNCT
afbr-76	40	18	especially	especially	ADV
afbr-76	40	19	as	as	SCONJ
afbr-76	40	20	it	it	PRON
afbr-76	40	21	concerns	concern	VERB
afbr-76	40	22	investors	investor	NOUN
afbr-76	40	23	’	’	PART
afbr-76	40	24	returns	return	NOUN
afbr-76	40	25	and	and	CCONJ
afbr-76	40	26	thus	thus	ADV
afbr-76	40	27	stimulation	stimulation	NOUN
afbr-76	40	28	of	of	ADP
afbr-76	40	29	investor	investor	NOUN
afbr-76	40	30	’s	’s	PART
afbr-76	40	31	interest	interest	NOUN
afbr-76	40	32	in	in	ADP
afbr-76	40	33	market	market	NOUN
afbr-76	40	34	activities	activity	NOUN
afbr-76	40	35	.	.	PUNCT
afbr-76	41	1	it	it	PRON
afbr-76	41	2	is	be	AUX
afbr-76	41	3	believed	believe	VERB
afbr-76	41	4	that	that	SCONJ
afbr-76	41	5	the	the	DET
afbr-76	41	6	behaviour	behaviour	NOUN
afbr-76	41	7	of	of	ADP
afbr-76	41	8	stock	stock	NOUN
afbr-76	41	9	prices	price	NOUN
afbr-76	41	10	is	be	AUX
afbr-76	41	11	explained	explain	VERB
afbr-76	41	12	by	by	ADP
afbr-76	41	13	the	the	DET
afbr-76	41	14	behaviour	behaviour	NOUN
afbr-76	41	15	of	of	ADP
afbr-76	41	16	investors	investor	NOUN
afbr-76	41	17	(	(	PUNCT
afbr-76	41	18	inegbedion	inegbedion	NOUN
afbr-76	41	19	(	(	PUNCT
afbr-76	41	20	2009	2009	NUM
afbr-76	41	21	)	)	PUNCT
afbr-76	41	22	.	.	PUNCT
afbr-76	42	1	emh	emh	PROPN
afbr-76	42	2	argues	argue	VERB
afbr-76	42	3	that	that	SCONJ
afbr-76	42	4	competition	competition	NOUN
afbr-76	42	5	between	between	ADP
afbr-76	42	6	investors	investor	NOUN
afbr-76	42	7	seeking	seek	VERB
afbr-76	42	8	abnormal	abnormal	ADJ
afbr-76	42	9	profits	profit	NOUN
afbr-76	42	10	drives	drive	VERB
afbr-76	42	11	prices	price	NOUN
afbr-76	42	12	to	to	ADP
afbr-76	42	13	their	their	PRON
afbr-76	42	14	‘	'	PUNCT
afbr-76	42	15	fair	fair	ADJ
afbr-76	42	16	’	'	PUNCT
afbr-76	42	17	value	value	NOUN
afbr-76	42	18	.	.	PUNCT
afbr-76	43	1	this	this	PRON
afbr-76	43	2	implies	imply	VERB
afbr-76	43	3	that	that	SCONJ
afbr-76	43	4	prices	price	NOUN
afbr-76	43	5	should	should	AUX
afbr-76	43	6	incorporate	incorporate	VERB
afbr-76	43	7	information	information	NOUN
afbr-76	43	8	in	in	ADP
afbr-76	43	9	the	the	DET
afbr-76	43	10	market	market	NOUN
afbr-76	43	11	.	.	PUNCT
afbr-76	44	1	the	the	DET
afbr-76	44	2	ability	ability	NOUN
afbr-76	44	3	of	of	ADP
afbr-76	44	4	a	a	DET
afbr-76	44	5	stock	stock	NOUN
afbr-76	44	6	market	market	NOUN
afbr-76	44	7	to	to	PART
afbr-76	44	8	incorporate	incorporate	VERB
afbr-76	44	9	information	information	NOUN
afbr-76	44	10	into	into	ADP
afbr-76	44	11	prices	price	NOUN
afbr-76	44	12	determines	determine	VERB
afbr-76	44	13	its	its	PRON
afbr-76	44	14	level	level	NOUN
afbr-76	44	15	of	of	ADP
afbr-76	44	16	efficiency	efficiency	NOUN
afbr-76	44	17	.	.	PUNCT
afbr-76	45	1	stock	stock	NOUN
afbr-76	45	2	market	market	NOUN
afbr-76	45	3	forecasting	forecasting	NOUN
afbr-76	45	4	is	be	AUX
afbr-76	45	5	marked	mark	VERB
afbr-76	45	6	more	more	ADJ
afbr-76	45	7	by	by	ADP
afbr-76	45	8	its	its	PRON
afbr-76	45	9	failure	failure	NOUN
afbr-76	45	10	than	than	ADP
afbr-76	45	11	by	by	ADP
afbr-76	45	12	its	its	PRON
afbr-76	45	13	successes	success	NOUN
afbr-76	45	14	since	since	SCONJ
afbr-76	45	15	stock	stock	NOUN
afbr-76	45	16	prices	price	NOUN
afbr-76	45	17	reflect	reflect	VERB
afbr-76	45	18	the	the	DET
afbr-76	45	19	judgments	judgment	NOUN
afbr-76	45	20	and	and	CCONJ
afbr-76	45	21	expectations	expectation	NOUN
afbr-76	45	22	of	of	ADP
afbr-76	45	23	investors	investor	NOUN
afbr-76	45	24	based	base	VERB
afbr-76	45	25	on	on	ADP
afbr-76	45	26	information	information	NOUN
afbr-76	45	27	available	available	ADJ
afbr-76	45	28	(	(	PUNCT
afbr-76	45	29	aguebor	aguebor	NOUN
afbr-76	45	30	,	,	PUNCT
afbr-76	45	31	adewole	adewole	NOUN
afbr-76	45	32	and	and	CCONJ
afbr-76	45	33	maduegbuna	maduegbuna	NOUN
afbr-76	45	34	,	,	PUNCT
afbr-76	45	35	2010	2010	NUM
afbr-76	45	36	)	)	PUNCT
afbr-76	45	37	.	.	PUNCT
afbr-76	46	1	remarkably	remarkably	ADV
afbr-76	46	2	,	,	PUNCT
afbr-76	46	3	efforts	effort	NOUN
afbr-76	46	4	have	have	AUX
afbr-76	46	5	been	be	AUX
afbr-76	46	6	made	make	VERB
afbr-76	46	7	to	to	PART
afbr-76	46	8	apply	apply	VERB
afbr-76	46	9	econometric	econometric	ADJ
afbr-76	46	10	techniques	technique	NOUN
afbr-76	46	11	of	of	ADP
afbr-76	46	12	model	model	NOUN
afbr-76	46	13	building	building	NOUN
afbr-76	46	14	in	in	ADP
afbr-76	46	15	the	the	DET
afbr-76	46	16	prediction	prediction	NOUN
afbr-76	46	17	of	of	ADP
afbr-76	46	18	stock	stock	NOUN
afbr-76	46	19	prices	price	NOUN
afbr-76	46	20	in	in	ADP
afbr-76	46	21	a	a	DET
afbr-76	46	22	bid	bid	NOUN
afbr-76	46	23	to	to	PART
afbr-76	46	24	demonstrate	demonstrate	VERB
afbr-76	46	25	that	that	SCONJ
afbr-76	46	26	the	the	DET
afbr-76	46	27	market	market	NOUN
afbr-76	46	28	fluctuations	fluctuation	NOUN
afbr-76	46	29	are	be	AUX
afbr-76	46	30	essentially	essentially	ADV
afbr-76	46	31	unpredictable	unpredictable	ADJ
afbr-76	46	32	brummelhuis	brummelhuis	NOUN
afbr-76	46	33	,	,	PUNCT
afbr-76	46	34	2005	2005	NUM
afbr-76	46	35	)	)	PUNCT
afbr-76	46	36	.	.	PUNCT
afbr-76	47	1	have	have	AUX
afbr-76	47	2	argued	argue	VERB
afbr-76	47	3	that	that	SCONJ
afbr-76	47	4	there	there	PRON
afbr-76	47	5	are	be	VERB
afbr-76	47	6	long	long	ADJ
afbr-76	47	7	-	-	PUNCT
afbr-76	47	8	term	term	NOUN
afbr-76	47	9	pattern	pattern	NOUN
afbr-76	47	10	in	in	ADP
afbr-76	47	11	stock	stock	NOUN
afbr-76	47	12	prices	price	NOUN
afbr-76	47	13	with	with	ADP
afbr-76	47	14	several	several	ADJ
afbr-76	47	15	years	year	NOUN
afbr-76	47	16	of	of	ADP
afbr-76	47	17	upswing	upswing	NOUN
afbr-76	47	18	followed	follow	VERB
afbr-76	47	19	by	by	ADP
afbr-76	47	20	more	more	ADJ
afbr-76	47	21	sluggish	sluggish	ADJ
afbr-76	47	22	periods	period	NOUN
afbr-76	47	23	,	,	PUNCT
afbr-76	47	24	according	accord	VERB
afbr-76	47	25	to	to	ADP
afbr-76	47	26	fama	fama	PROPN
afbr-76	47	27	(	(	PUNCT
afbr-76	47	28	1965	1965	NUM
afbr-76	47	29	)	)	PUNCT
afbr-76	47	30	,	,	PUNCT
afbr-76	47	31	a	a	DET
afbr-76	47	32	stock	stock	NOUN
afbr-76	47	33	market	market	NOUN
afbr-76	47	34	where	where	SCONJ
afbr-76	47	35	successive	successive	ADJ
afbr-76	47	36	price	price	NOUN
afbr-76	47	37	changes	change	NOUN
afbr-76	47	38	in	in	ADP
afbr-76	47	39	individual	individual	ADJ
afbr-76	47	40	securities	security	NOUN
afbr-76	47	41	are	be	AUX
afbr-76	47	42	independent	independent	ADJ
afbr-76	47	43	is	be	AUX
afbr-76	47	44	by	by	ADP
afbr-76	47	45	their	their	PRON
afbr-76	47	46	definition	definition	NOUN
afbr-76	47	47	,	,	PUNCT
afbr-76	47	48	a	a	DET
afbr-76	47	49	random	random	ADJ
afbr-76	47	50	walk	walk	NOUN
afbr-76	47	51	market	market	NOUN
afbr-76	47	52	gupta	gupta	NOUN
afbr-76	47	53	and	and	CCONJ
afbr-76	47	54	basu	basu	PROPN
afbr-76	47	55	(	(	PUNCT
afbr-76	47	56	2007	2007	NUM
afbr-76	47	57	)	)	PUNCT
afbr-76	47	58	.	.	PUNCT
afbr-76	48	1	specifically	specifically	ADV
afbr-76	48	2	,	,	PUNCT
afbr-76	48	3	stock	stock	NOUN
afbr-76	48	4	prices	price	NOUN
afbr-76	48	5	following	follow	VERB
afbr-76	48	6	a	a	DET
afbr-76	48	7	random	random	ADJ
afbr-76	48	8	walk	walk	NOUN
afbr-76	48	9	imply	imply	ADV
afbr-76	48	10	that	that	SCONJ
afbr-76	48	11	the	the	DET
afbr-76	48	12	price	price	NOUN
afbr-76	48	13	changes	change	NOUN
afbr-76	48	14	are	be	AUX
afbr-76	48	15	as	as	ADV
afbr-76	48	16	independent	independent	ADJ
afbr-76	48	17	of	of	ADP
afbr-76	48	18	one	one	NUM
afbr-76	48	19	another	another	DET
afbr-76	48	20	as	as	ADP
afbr-76	48	21	the	the	DET
afbr-76	48	22	gains	gain	NOUN
afbr-76	48	23	and	and	CCONJ
afbr-76	48	24	losses	loss	NOUN
afbr-76	48	25	.	.	PUNCT
afbr-76	49	1	the	the	DET
afbr-76	49	2	independence	independence	NOUN
afbr-76	49	3	assumption	assumption	NOUN
afbr-76	49	4	of	of	ADP
afbr-76	49	5	the	the	DET
afbr-76	49	6	random	random	ADJ
afbr-76	49	7	walk	walk	NOUN
afbr-76	49	8	hypothesis	hypothesis	NOUN
afbr-76	49	9	is	be	AUX
afbr-76	49	10	valid	valid	ADJ
afbr-76	49	11	as	as	ADV
afbr-76	49	12	long	long	ADV
afbr-76	49	13	as	as	SCONJ
afbr-76	49	14	knowledge	knowledge	NOUN
afbr-76	49	15	of	of	ADP
afbr-76	49	16	the	the	DET
afbr-76	49	17	past	past	ADJ
afbr-76	49	18	behaviour	behaviour	NOUN
afbr-76	49	19	of	of	ADP
afbr-76	49	20	the	the	DET
afbr-76	49	21	series	series	NOUN
afbr-76	49	22	of	of	ADP
afbr-76	49	23	price	price	NOUN
afbr-76	49	24	changes	change	NOUN
afbr-76	49	25	can	can	AUX
afbr-76	49	26	not	not	PART
afbr-76	49	27	be	be	AUX
afbr-76	49	28	used	use	VERB
afbr-76	49	29	to	to	PART
afbr-76	49	30	increase	increase	VERB
afbr-76	49	31	expected	expected	ADJ
afbr-76	49	32	gains	gain	NOUN
afbr-76	49	33	(	(	PUNCT
afbr-76	49	34	aguebor	aguebor	NOUN
afbr-76	49	35	,	,	PUNCT
afbr-76	49	36	etal2010	etal2010	PROPN
afbr-76	49	37	)	)	PUNCT
afbr-76	49	38	.	.	PUNCT
afbr-76	50	1	more	more	ADV
afbr-76	50	2	specifically	specifically	ADV
afbr-76	50	3	,	,	PUNCT
afbr-76	50	4	if	if	SCONJ
afbr-76	50	5	successive	successive	ADJ
afbr-76	50	6	price	price	NOUN
afbr-76	50	7	changes	change	NOUN
afbr-76	50	8	for	for	ADP
afbr-76	50	9	a	a	DET
afbr-76	50	10	given	give	VERB
afbr-76	50	11	security	security	NOUN
afbr-76	50	12	are	be	AUX
afbr-76	50	13	independent	independent	ADJ
afbr-76	50	14	,	,	PUNCT
afbr-76	50	15	then	then	ADV
afbr-76	50	16	there	there	PRON
afbr-76	50	17	is	be	VERB
afbr-76	50	18	no	no	DET
afbr-76	50	19	problem	problem	NOUN
afbr-76	50	20	in	in	ADP
afbr-76	50	21	timing	time	VERB
afbr-76	50	22	purchases	purchase	NOUN
afbr-76	50	23	and	and	CCONJ
afbr-76	50	24	sales	sale	NOUN
afbr-76	50	25	of	of	ADP
afbr-76	50	26	the	the	DET
afbr-76	50	27	security	security	NOUN
afbr-76	50	28	.	.	PUNCT
afbr-76	51	1	a	a	DET
afbr-76	51	2	simple	simple	ADJ
afbr-76	51	3	policy	policy	NOUN
afbr-76	51	4	of	of	ADP
afbr-76	51	5	buying	buying	NOUN
afbr-76	51	6	and	and	CCONJ
afbr-76	51	7	holding	hold	VERB
afbr-76	51	8	the	the	DET
afbr-76	51	9	security	security	NOUN
afbr-76	51	10	will	will	AUX
afbr-76	51	11	be	be	AUX
afbr-76	51	12	as	as	ADV
afbr-76	51	13	good	good	ADJ
afbr-76	51	14	as	as	ADP
afbr-76	51	15	any	any	DET
afbr-76	51	16	more	more	ADV
afbr-76	51	17	complicated	complicated	ADJ
afbr-76	51	18	mechanical	mechanical	ADJ
afbr-76	51	19	procedure	procedure	NOUN
afbr-76	51	20	for	for	ADP
afbr-76	51	21	timing	timing	NOUN
afbr-76	51	22	purchase	purchase	NOUN
afbr-76	51	23	and	and	CCONJ
afbr-76	51	24	sales	sale	NOUN
afbr-76	51	25	(	(	PUNCT
afbr-76	51	26	fama	fama	NOUN
afbr-76	51	27	,	,	PUNCT
afbr-76	51	28	1965	1965	NUM
afbr-76	51	29	;	;	PUNCT
afbr-76	51	30	1995	1995	NUM
afbr-76	51	31	)	)	PUNCT
afbr-76	51	32	.	.	PUNCT
afbr-76	52	1	fama	fama	PROPN
afbr-76	52	2	(	(	PUNCT
afbr-76	52	3	1970	1970	NUM
afbr-76	52	4	)	)	PUNCT
afbr-76	52	5	stated	state	VERB
afbr-76	52	6	that	that	SCONJ
afbr-76	52	7	the	the	DET
afbr-76	52	8	sufficient	sufficient	ADJ
afbr-76	52	9	but	but	CCONJ
afbr-76	52	10	not	not	PART
afbr-76	52	11	necessary	necessary	ADJ
afbr-76	52	12	conditions	condition	NOUN
afbr-76	52	13	for	for	ADP
afbr-76	52	14	efficiency	efficiency	NOUN
afbr-76	52	15	are	be	AUX
afbr-76	52	16	:	:	PUNCT
afbr-76	52	17	•	•	ADP
afbr-76	52	18	there	there	PRON
afbr-76	52	19	are	be	VERB
afbr-76	52	20	no	no	DET
afbr-76	52	21	transaction	transaction	NOUN
afbr-76	52	22	costs	cost	NOUN
afbr-76	52	23	in	in	ADP
afbr-76	52	24	trading	trading	NOUN
afbr-76	52	25	securities	security	NOUN
afbr-76	52	26	;	;	PUNCT
afbr-76	52	27	•	•	X
afbr-76	52	28	all	all	DET
afbr-76	52	29	information	information	NOUN
afbr-76	52	30	is	be	AUX
afbr-76	52	31	costless	costless	NOUN
afbr-76	52	32	,	,	PUNCT
afbr-76	52	33	and	and	CCONJ
afbr-76	52	34	available	available	ADJ
afbr-76	52	35	to	to	ADP
afbr-76	52	36	all	all	DET
afbr-76	52	37	market	market	NOUN
afbr-76	52	38	participants	participant	NOUN
afbr-76	52	39	.	.	PUNCT
afbr-76	53	1	and	and	CCONJ
afbr-76	53	2	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADP
afbr-76	53	3	australian	australian	ADJ
afbr-76	53	4	finance	finance	PROPN
afbr-76	53	5	&	&	CCONJ
afbr-76	53	6	banking	banking	PROPN
afbr-76	53	7	review	review	PROPN
afbr-76	53	8	vol	vol	NOUN
afbr-76	53	9	.	.	PROPN
afbr-76	54	1	2	2	NUM
afbr-76	54	2	,	,	PUNCT
afbr-76	54	3	no	no	INTJ
afbr-76	54	4	.	.	NOUN
afbr-76	54	5	1	1	NUM
afbr-76	54	6	;	;	PUNCT
afbr-76	54	7	2018	2018	NUM
afbr-76	54	8	13	13	NUM
afbr-76	54	9	•	•	NOUN
afbr-76	54	10	all	all	PRON
afbr-76	54	11	agree	agree	VERB
afbr-76	54	12	on	on	ADP
afbr-76	54	13	the	the	DET
afbr-76	54	14	implication	implication	NOUN
afbr-76	54	15	of	of	ADP
afbr-76	54	16	current	current	ADJ
afbr-76	54	17	information	information	NOUN
afbr-76	54	18	for	for	ADP
afbr-76	54	19	the	the	DET
afbr-76	54	20	current	current	ADJ
afbr-76	54	21	price	price	NOUN
afbr-76	54	22	and	and	CCONJ
afbr-76	54	23	distribution	distribution	NOUN
afbr-76	54	24	of	of	ADP
afbr-76	54	25	future	future	ADJ
afbr-76	54	26	prices	price	NOUN
afbr-76	54	27	of	of	ADP
afbr-76	54	28	each	each	DET
afbr-76	54	29	security	security	NOUN
afbr-76	54	30	.	.	PUNCT
afbr-76	55	1	the	the	DET
afbr-76	55	2	emh	emh	PROPN
afbr-76	55	3	can	can	AUX
afbr-76	55	4	be	be	AUX
afbr-76	55	5	more	more	ADV
afbr-76	55	6	specifically	specifically	ADV
afbr-76	55	7	defined	define	VERB
afbr-76	55	8	with	with	ADP
afbr-76	55	9	respect	respect	NOUN
afbr-76	55	10	to	to	ADP
afbr-76	55	11	the	the	DET
afbr-76	55	12	information	information	NOUN
afbr-76	55	13	item	item	NOUN
afbr-76	55	14	available	available	ADJ
afbr-76	55	15	to	to	ADP
afbr-76	55	16	market	market	NOUN
afbr-76	55	17	participants	participant	NOUN
afbr-76	55	18	.	.	PUNCT
afbr-76	56	1	fama	fama	PROPN
afbr-76	56	2	(	(	PUNCT
afbr-76	56	3	1970	1970	NUM
afbr-76	56	4	)	)	PUNCT
afbr-76	56	5	classified	classify	VERB
afbr-76	56	6	the	the	DET
afbr-76	56	7	information	information	NOUN
afbr-76	56	8	items	item	NOUN
afbr-76	56	9	into	into	ADP
afbr-76	56	10	three	three	NUM
afbr-76	56	11	levels	level	NOUN
afbr-76	56	12	depending	depend	VERB
afbr-76	56	13	on	on	ADP
afbr-76	56	14	how	how	SCONJ
afbr-76	56	15	quickly	quickly	ADV
afbr-76	56	16	the	the	DET
afbr-76	56	17	information	information	NOUN
afbr-76	56	18	is	be	AUX
afbr-76	56	19	impounded	impound	VERB
afbr-76	56	20	into	into	ADP
afbr-76	56	21	prices	price	NOUN
afbr-76	56	22	:	:	PUNCT
afbr-76	56	23	▪	▪	X
afbr-76	56	24	weakform	weakform	NOUN
afbr-76	56	25	emh	emh	PROPN
afbr-76	56	26	,	,	PUNCT
afbr-76	56	27	▪	▪	NOUN
afbr-76	56	28	semi	semi	ADJ
afbr-76	56	29	-	-	ADJ
afbr-76	56	30	strong	strong	ADJ
afbr-76	56	31	form	form	NOUN
afbr-76	56	32	emh	emh	PROPN
afbr-76	56	33	,	,	PUNCT
afbr-76	56	34	and	and	CCONJ
afbr-76	56	35	▪	▪	ADJ
afbr-76	56	36	strong	strong	ADJ
afbr-76	56	37	-	-	PUNCT
afbr-76	56	38	form	form	NOUN
afbr-76	56	39	emh	emh	NOUN
afbr-76	56	40	weak	weak	ADJ
afbr-76	56	41	-	-	PUNCT
afbr-76	56	42	form	form	NOUN
afbr-76	56	43	efficiency	efficiency	NOUN
afbr-76	56	44	in	in	ADP
afbr-76	56	45	weak	weak	ADJ
afbr-76	56	46	-	-	PUNCT
afbr-76	56	47	form	form	NOUN
afbr-76	56	48	efficiency	efficiency	NOUN
afbr-76	56	49	,	,	PUNCT
afbr-76	56	50	future	future	ADJ
afbr-76	56	51	prices	price	NOUN
afbr-76	56	52	can	can	AUX
afbr-76	56	53	not	not	PART
afbr-76	56	54	be	be	AUX
afbr-76	56	55	predicted	predict	VERB
afbr-76	56	56	by	by	ADP
afbr-76	56	57	analyzing	analyze	VERB
afbr-76	56	58	prices	price	NOUN
afbr-76	56	59	from	from	ADP
afbr-76	56	60	the	the	DET
afbr-76	56	61	past	past	NOUN
afbr-76	56	62	.	.	PUNCT
afbr-76	57	1	excess	excess	ADJ
afbr-76	57	2	returns	return	NOUN
afbr-76	57	3	can	can	AUX
afbr-76	57	4	not	not	PART
afbr-76	57	5	be	be	AUX
afbr-76	57	6	earned	earn	VERB
afbr-76	57	7	in	in	ADP
afbr-76	57	8	the	the	DET
afbr-76	57	9	long	long	ADJ
afbr-76	57	10	run	run	NOUN
afbr-76	57	11	by	by	ADP
afbr-76	57	12	using	use	VERB
afbr-76	57	13	investment	investment	NOUN
afbr-76	57	14	strategies	strategy	NOUN
afbr-76	57	15	based	base	VERB
afbr-76	57	16	on	on	ADP
afbr-76	57	17	historical	historical	ADJ
afbr-76	57	18	share	share	NOUN
afbr-76	57	19	prices	price	NOUN
afbr-76	57	20	or	or	CCONJ
afbr-76	57	21	other	other	ADJ
afbr-76	57	22	historical	historical	ADJ
afbr-76	57	23	data	datum	NOUN
afbr-76	57	24	lulia	lulia	PROPN
afbr-76	57	25	(	(	PUNCT
afbr-76	57	26	2009	2009	NUM
afbr-76	57	27	)	)	PUNCT
afbr-76	57	28	.	.	PUNCT
afbr-76	58	1	technical	technical	ADJ
afbr-76	58	2	analysis	analysis	NOUN
afbr-76	58	3	techniques	technique	NOUN
afbr-76	58	4	will	will	AUX
afbr-76	58	5	not	not	PART
afbr-76	58	6	be	be	AUX
afbr-76	58	7	able	able	ADJ
afbr-76	58	8	to	to	PART
afbr-76	58	9	consistently	consistently	ADV
afbr-76	58	10	produce	produce	VERB
afbr-76	58	11	excess	excess	ADJ
afbr-76	58	12	returns	return	NOUN
afbr-76	58	13	,	,	PUNCT
afbr-76	58	14	though	though	SCONJ
afbr-76	58	15	some	some	DET
afbr-76	58	16	forms	form	NOUN
afbr-76	58	17	of	of	ADP
afbr-76	58	18	fundamental	fundamental	ADJ
afbr-76	58	19	analysis	analysis	NOUN
afbr-76	58	20	may	may	AUX
afbr-76	58	21	still	still	ADV
afbr-76	58	22	provide	provide	VERB
afbr-76	58	23	excess	excess	ADJ
afbr-76	58	24	returns	return	NOUN
afbr-76	58	25	.	.	PUNCT
afbr-76	59	1	share	share	NOUN
afbr-76	59	2	prices	price	NOUN
afbr-76	59	3	exhibit	exhibit	VERB
afbr-76	59	4	no	no	DET
afbr-76	59	5	serial	serial	ADJ
afbr-76	59	6	dependencies	dependency	NOUN
afbr-76	59	7	,	,	PUNCT
afbr-76	59	8	meaning	mean	VERB
afbr-76	59	9	that	that	SCONJ
afbr-76	59	10	there	there	PRON
afbr-76	59	11	are	be	VERB
afbr-76	59	12	no	no	DET
afbr-76	59	13	patterns	pattern	NOUN
afbr-76	59	14	to	to	ADP
afbr-76	59	15	asset	asset	NOUN
afbr-76	59	16	prices	price	NOUN
afbr-76	59	17	.	.	PUNCT
afbr-76	60	1	this	this	PRON
afbr-76	60	2	implies	imply	VERB
afbr-76	60	3	that	that	SCONJ
afbr-76	60	4	future	future	ADJ
afbr-76	60	5	price	price	NOUN
afbr-76	60	6	movements	movement	NOUN
afbr-76	60	7	are	be	AUX
afbr-76	60	8	determined	determine	VERB
afbr-76	60	9	entirely	entirely	ADV
afbr-76	60	10	by	by	ADP
afbr-76	60	11	information	information	NOUN
afbr-76	60	12	not	not	PART
afbr-76	60	13	contained	contain	VERB
afbr-76	60	14	in	in	ADP
afbr-76	60	15	the	the	DET
afbr-76	60	16	price	price	NOUN
afbr-76	60	17	series	series	NOUN
afbr-76	60	18	.	.	PUNCT
afbr-76	61	1	hence	hence	ADV
afbr-76	61	2	,	,	PUNCT
afbr-76	61	3	prices	price	NOUN
afbr-76	61	4	must	must	AUX
afbr-76	61	5	follow	follow	VERB
afbr-76	61	6	a	a	DET
afbr-76	61	7	random	random	ADJ
afbr-76	61	8	walk	walk	NOUN
afbr-76	61	9	.	.	PUNCT
afbr-76	62	1	this	this	DET
afbr-76	62	2	'	'	PUNCT
afbr-76	62	3	soft	soft	ADJ
afbr-76	62	4	'	'	PUNCT
afbr-76	62	5	emh	emh	PROPN
afbr-76	62	6	does	do	AUX
afbr-76	62	7	not	not	PART
afbr-76	62	8	require	require	VERB
afbr-76	62	9	that	that	SCONJ
afbr-76	62	10	prices	price	NOUN
afbr-76	62	11	remain	remain	VERB
afbr-76	62	12	at	at	ADP
afbr-76	62	13	or	or	CCONJ
afbr-76	62	14	near	near	ADP
afbr-76	62	15	equilibrium	equilibrium	NOUN
afbr-76	62	16	,	,	PUNCT
afbr-76	62	17	but	but	CCONJ
afbr-76	62	18	only	only	ADV
afbr-76	62	19	that	that	SCONJ
afbr-76	62	20	market	market	NOUN
afbr-76	62	21	participants	participant	NOUN
afbr-76	62	22	not	not	PART
afbr-76	62	23	be	be	AUX
afbr-76	62	24	able	able	ADJ
afbr-76	62	25	to	to	PART
afbr-76	62	26	systematically	systematically	ADV
afbr-76	62	27	profit	profit	VERB
afbr-76	62	28	from	from	ADP
afbr-76	62	29	market	market	NOUN
afbr-76	62	30	inefficiencies	inefficiency	NOUN
afbr-76	62	31	'	'	PART
afbr-76	62	32	.	.	PUNCT
afbr-76	63	1	however	however	ADV
afbr-76	63	2	,	,	PUNCT
afbr-76	63	3	while	while	SCONJ
afbr-76	63	4	emh	emh	PROPN
afbr-76	63	5	predicts	predict	VERB
afbr-76	63	6	that	that	SCONJ
afbr-76	63	7	all	all	DET
afbr-76	63	8	price	price	NOUN
afbr-76	63	9	movement	movement	NOUN
afbr-76	63	10	is	be	AUX
afbr-76	63	11	random	random	ADJ
afbr-76	63	12	,	,	PUNCT
afbr-76	63	13	many	many	ADJ
afbr-76	63	14	studies	study	NOUN
afbr-76	63	15	have	have	AUX
afbr-76	63	16	shown	show	VERB
afbr-76	63	17	a	a	DET
afbr-76	63	18	marked	mark	VERB
afbr-76	63	19	tendency	tendency	NOUN
afbr-76	63	20	for	for	SCONJ
afbr-76	63	21	the	the	DET
afbr-76	63	22	stock	stock	NOUN
afbr-76	63	23	markets	market	NOUN
afbr-76	63	24	to	to	PART
afbr-76	63	25	trend	trend	VERB
afbr-76	63	26	over	over	ADP
afbr-76	63	27	time	time	NOUN
afbr-76	63	28	periods	period	NOUN
afbr-76	63	29	of	of	ADP
afbr-76	63	30	weeks	week	NOUN
afbr-76	63	31	or	or	CCONJ
afbr-76	63	32	longer	long	ADV
afbr-76	63	33	and	and	CCONJ
afbr-76	63	34	that	that	PRON
afbr-76	63	35	,	,	PUNCT
afbr-76	63	36	moreover	moreover	ADV
afbr-76	63	37	,	,	PUNCT
afbr-76	63	38	there	there	PRON
afbr-76	63	39	is	be	VERB
afbr-76	63	40	a	a	DET
afbr-76	63	41	positive	positive	ADJ
afbr-76	63	42	correlation	correlation	NOUN
afbr-76	63	43	between	between	ADP
afbr-76	63	44	degree	degree	NOUN
afbr-76	63	45	of	of	ADP
afbr-76	63	46	trending	trending	NOUN
afbr-76	63	47	and	and	CCONJ
afbr-76	63	48	length	length	NOUN
afbr-76	63	49	of	of	ADP
afbr-76	63	50	time	time	NOUN
afbr-76	63	51	period	period	NOUN
afbr-76	63	52	studied	study	VERB
afbr-76	63	53	.	.	PUNCT
afbr-76	64	1	various	various	ADJ
afbr-76	64	2	explanations	explanation	NOUN
afbr-76	64	3	for	for	ADP
afbr-76	64	4	such	such	ADJ
afbr-76	64	5	large	large	ADJ
afbr-76	64	6	and	and	CCONJ
afbr-76	64	7	apparently	apparently	ADV
afbr-76	64	8	non	non	ADJ
afbr-76	64	9	-	-	ADJ
afbr-76	64	10	random	random	ADJ
afbr-76	64	11	price	price	NOUN
afbr-76	64	12	movements	movement	NOUN
afbr-76	64	13	have	have	AUX
afbr-76	64	14	been	be	AUX
afbr-76	64	15	promulgated	promulgate	VERB
afbr-76	64	16	.	.	PUNCT
afbr-76	65	1	the	the	DET
afbr-76	65	2	problem	problem	NOUN
afbr-76	65	3	of	of	ADP
afbr-76	65	4	algorithmically	algorithmically	ADV
afbr-76	65	5	constructing	construct	VERB
afbr-76	65	6	prices	price	NOUN
afbr-76	65	7	which	which	PRON
afbr-76	65	8	reflect	reflect	VERB
afbr-76	65	9	all	all	DET
afbr-76	65	10	available	available	ADJ
afbr-76	65	11	information	information	NOUN
afbr-76	65	12	has	have	AUX
afbr-76	65	13	been	be	AUX
afbr-76	65	14	studied	study	VERB
afbr-76	65	15	extensively	extensively	ADV
afbr-76	65	16	in	in	ADP
afbr-76	65	17	the	the	DET
afbr-76	65	18	field	field	NOUN
afbr-76	65	19	of	of	ADP
afbr-76	65	20	computer	computer	NOUN
afbr-76	65	21	science	science	NOUN
afbr-76	65	22	.	.	PUNCT
afbr-76	66	1	semi	semi	ADV
afbr-76	66	2	strong	strong	ADJ
afbr-76	66	3	form	form	NOUN
afbr-76	66	4	efficiency	efficiency	NOUN
afbr-76	66	5	in	in	ADP
afbr-76	66	6	semi	semi	ADJ
afbr-76	66	7	-	-	ADJ
afbr-76	66	8	strong	strong	ADJ
afbr-76	66	9	-	-	PUNCT
afbr-76	66	10	form	form	NOUN
afbr-76	66	11	efficiency	efficiency	NOUN
afbr-76	66	12	,	,	PUNCT
afbr-76	66	13	it	it	PRON
afbr-76	66	14	is	be	AUX
afbr-76	66	15	implied	imply	VERB
afbr-76	66	16	that	that	SCONJ
afbr-76	66	17	share	share	NOUN
afbr-76	66	18	prices	price	NOUN
afbr-76	66	19	adjust	adjust	VERB
afbr-76	66	20	to	to	ADP
afbr-76	66	21	publicly	publicly	ADV
afbr-76	66	22	available	available	ADJ
afbr-76	66	23	new	new	ADJ
afbr-76	66	24	information	information	NOUN
afbr-76	66	25	very	very	ADV
afbr-76	66	26	rapidly	rapidly	ADV
afbr-76	66	27	and	and	CCONJ
afbr-76	66	28	in	in	ADP
afbr-76	66	29	an	an	DET
afbr-76	66	30	unbiased	unbiased	ADJ
afbr-76	66	31	fashion	fashion	NOUN
afbr-76	66	32	,	,	PUNCT
afbr-76	66	33	such	such	ADJ
afbr-76	66	34	that	that	SCONJ
afbr-76	66	35	no	no	DET
afbr-76	66	36	excess	excess	ADJ
afbr-76	66	37	returns	return	NOUN
afbr-76	66	38	can	can	AUX
afbr-76	66	39	be	be	AUX
afbr-76	66	40	earned	earn	VERB
afbr-76	66	41	by	by	ADP
afbr-76	66	42	trading	trade	VERB
afbr-76	66	43	on	on	ADP
afbr-76	66	44	that	that	DET
afbr-76	66	45	information	information	NOUN
afbr-76	66	46	.	.	PUNCT
afbr-76	67	1	semi	semi	ADJ
afbr-76	67	2	-	-	ADJ
afbr-76	67	3	strong	strong	ADJ
afbr-76	67	4	-	-	PUNCT
afbr-76	67	5	form	form	NOUN
afbr-76	67	6	efficiency	efficiency	NOUN
afbr-76	67	7	implies	imply	VERB
afbr-76	67	8	that	that	SCONJ
afbr-76	67	9	neither	neither	CCONJ
afbr-76	67	10	fundamental	fundamental	ADJ
afbr-76	67	11	analysis	analysis	NOUN
afbr-76	67	12	nor	nor	CCONJ
afbr-76	67	13	technical	technical	ADJ
afbr-76	67	14	analysis	analysis	NOUN
afbr-76	67	15	techniques	technique	NOUN
afbr-76	67	16	will	will	AUX
afbr-76	67	17	be	be	AUX
afbr-76	67	18	able	able	ADJ
afbr-76	67	19	to	to	PART
afbr-76	67	20	reliably	reliably	ADV
afbr-76	67	21	produce	produce	VERB
afbr-76	67	22	excess	excess	ADJ
afbr-76	67	23	returns	return	NOUN
afbr-76	67	24	.	.	PUNCT
afbr-76	68	1	to	to	PART
afbr-76	68	2	test	test	VERB
afbr-76	68	3	for	for	ADP
afbr-76	68	4	semi	semi	ADJ
afbr-76	68	5	-	-	ADJ
afbr-76	68	6	strong	strong	ADJ
afbr-76	68	7	-	-	PUNCT
afbr-76	68	8	form	form	NOUN
afbr-76	68	9	efficiency	efficiency	NOUN
afbr-76	68	10	,	,	PUNCT
afbr-76	68	11	the	the	DET
afbr-76	68	12	adjustments	adjustment	NOUN
afbr-76	68	13	to	to	ADP
afbr-76	68	14	previously	previously	ADV
afbr-76	68	15	unknown	unknown	ADJ
afbr-76	68	16	news	news	NOUN
afbr-76	68	17	must	must	AUX
afbr-76	68	18	be	be	AUX
afbr-76	68	19	of	of	ADP
afbr-76	68	20	a	a	DET
afbr-76	68	21	reasonable	reasonable	ADJ
afbr-76	68	22	size	size	NOUN
afbr-76	68	23	and	and	CCONJ
afbr-76	68	24	must	must	AUX
afbr-76	68	25	be	be	AUX
afbr-76	68	26	instantaneous	instantaneous	ADJ
afbr-76	68	27	.	.	PUNCT
afbr-76	69	1	to	to	PART
afbr-76	69	2	test	test	VERB
afbr-76	69	3	for	for	ADP
afbr-76	69	4	this	this	PRON
afbr-76	69	5	,	,	PUNCT
afbr-76	69	6	consistent	consistent	VERB
afbr-76	69	7	upward	upward	ADV
afbr-76	69	8	or	or	CCONJ
afbr-76	69	9	downward	downward	ADJ
afbr-76	69	10	adjustments	adjustment	NOUN
afbr-76	69	11	after	after	SCONJ
afbr-76	69	12	the	the	DET
afbr-76	69	13	initial	initial	ADJ
afbr-76	69	14	change	change	NOUN
afbr-76	69	15	must	must	AUX
afbr-76	69	16	be	be	AUX
afbr-76	69	17	looked	look	VERB
afbr-76	69	18	for	for	ADP
afbr-76	69	19	.	.	PUNCT
afbr-76	70	1	if	if	SCONJ
afbr-76	70	2	there	there	PRON
afbr-76	70	3	are	be	VERB
afbr-76	70	4	any	any	DET
afbr-76	70	5	such	such	ADJ
afbr-76	70	6	adjustments	adjustment	NOUN
afbr-76	70	7	it	it	PRON
afbr-76	70	8	would	would	AUX
afbr-76	70	9	suggest	suggest	VERB
afbr-76	70	10	that	that	SCONJ
afbr-76	70	11	investors	investor	NOUN
afbr-76	70	12	had	have	AUX
afbr-76	70	13	interpreted	interpret	VERB
afbr-76	70	14	the	the	DET
afbr-76	70	15	information	information	NOUN
afbr-76	70	16	in	in	ADP
afbr-76	70	17	a	a	DET
afbr-76	70	18	biased	biased	ADJ
afbr-76	70	19	fashion	fashion	NOUN
afbr-76	70	20	and	and	CCONJ
afbr-76	70	21	hence	hence	ADV
afbr-76	70	22	in	in	ADP
afbr-76	70	23	an	an	DET
afbr-76	70	24	inefficient	inefficient	ADJ
afbr-76	70	25	manner	manner	NOUN
afbr-76	70	26	(	(	PUNCT
afbr-76	70	27	olowe	olowe	NOUN
afbr-76	70	28	,	,	PUNCT
afbr-76	70	29	2009	2009	NUM
afbr-76	70	30	)	)	PUNCT
afbr-76	70	31	.	.	PUNCT
afbr-76	71	1	strong	strong	ADJ
afbr-76	71	2	form	form	NOUN
afbr-76	71	3	efficiency	efficiency	NOUN
afbr-76	71	4	in	in	ADP
afbr-76	71	5	strong	strong	ADJ
afbr-76	71	6	-	-	PUNCT
afbr-76	71	7	form	form	NOUN
afbr-76	71	8	efficiency	efficiency	NOUN
afbr-76	71	9	,	,	PUNCT
afbr-76	71	10	share	share	NOUN
afbr-76	71	11	prices	price	NOUN
afbr-76	71	12	reflect	reflect	VERB
afbr-76	71	13	all	all	DET
afbr-76	71	14	information	information	NOUN
afbr-76	71	15	,	,	PUNCT
afbr-76	71	16	public	public	ADJ
afbr-76	71	17	and	and	CCONJ
afbr-76	71	18	private	private	ADJ
afbr-76	71	19	,	,	PUNCT
afbr-76	71	20	and	and	CCONJ
afbr-76	71	21	no	no	DET
afbr-76	71	22	one	one	NOUN
afbr-76	71	23	can	can	AUX
afbr-76	71	24	earn	earn	VERB
afbr-76	71	25	excess	excess	ADJ
afbr-76	71	26	returns	return	NOUN
afbr-76	71	27	.	.	PUNCT
afbr-76	72	1	if	if	SCONJ
afbr-76	72	2	there	there	PRON
afbr-76	72	3	are	be	VERB
afbr-76	72	4	legal	legal	ADJ
afbr-76	72	5	barriers	barrier	NOUN
afbr-76	72	6	to	to	ADP
afbr-76	72	7	private	private	ADJ
afbr-76	72	8	information	information	NOUN
afbr-76	72	9	becoming	become	VERB
afbr-76	72	10	public	public	ADJ
afbr-76	72	11	,	,	PUNCT
afbr-76	72	12	as	as	ADP
afbr-76	72	13	with	with	ADP
afbr-76	72	14	insider	insider	NOUN
afbr-76	72	15	trading	trading	NOUN
afbr-76	72	16	laws	law	NOUN
afbr-76	72	17	,	,	PUNCT
afbr-76	72	18	strongform	strongform	NOUN
afbr-76	72	19	efficiency	efficiency	NOUN
afbr-76	72	20	is	be	AUX
afbr-76	72	21	impossible	impossible	ADJ
afbr-76	72	22	,	,	PUNCT
afbr-76	72	23	except	except	SCONJ
afbr-76	72	24	in	in	ADP
afbr-76	72	25	the	the	DET
afbr-76	72	26	case	case	NOUN
afbr-76	72	27	where	where	SCONJ
afbr-76	72	28	the	the	DET
afbr-76	72	29	laws	law	NOUN
afbr-76	72	30	are	be	AUX
afbr-76	72	31	universally	universally	ADV
afbr-76	72	32	ignored	ignore	VERB
afbr-76	72	33	.	.	PUNCT
afbr-76	73	1	to	to	PART
afbr-76	73	2	test	test	VERB
afbr-76	73	3	for	for	ADP
afbr-76	73	4	strong	strong	ADJ
afbr-76	73	5	-	-	PUNCT
afbr-76	73	6	form	form	NOUN
afbr-76	73	7	efficiency	efficiency	NOUN
afbr-76	73	8	,	,	PUNCT
afbr-76	73	9	a	a	DET
afbr-76	73	10	market	market	NOUN
afbr-76	73	11	needs	need	VERB
afbr-76	73	12	to	to	PART
afbr-76	73	13	exist	exist	VERB
afbr-76	73	14	where	where	SCONJ
afbr-76	73	15	investors	investor	NOUN
afbr-76	73	16	can	can	AUX
afbr-76	73	17	not	not	PART
afbr-76	73	18	consistently	consistently	ADV
afbr-76	73	19	earn	earn	VERB
afbr-76	73	20	excess	excess	ADJ
afbr-76	73	21	returns	return	NOUN
afbr-76	73	22	over	over	ADP
afbr-76	73	23	a	a	DET
afbr-76	73	24	long	long	ADJ
afbr-76	73	25	period	period	NOUN
afbr-76	73	26	of	of	ADP
afbr-76	73	27	time	time	NOUN
afbr-76	73	28	.	.	PUNCT
afbr-76	74	1	even	even	ADV
afbr-76	74	2	if	if	SCONJ
afbr-76	74	3	some	some	DET
afbr-76	74	4	money	money	NOUN
afbr-76	74	5	managers	manager	NOUN
afbr-76	74	6	are	be	AUX
afbr-76	74	7	consistently	consistently	ADV
afbr-76	74	8	observed	observe	VERB
afbr-76	74	9	to	to	PART
afbr-76	74	10	beat	beat	VERB
afbr-76	74	11	the	the	DET
afbr-76	74	12	market	market	NOUN
afbr-76	74	13	,	,	PUNCT
afbr-76	74	14	no	no	DET
afbr-76	74	15	refutation	refutation	NOUN
afbr-76	74	16	even	even	ADV
afbr-76	74	17	of	of	ADP
afbr-76	74	18	strongform	strongform	NOUN
afbr-76	74	19	efficiency	efficiency	NOUN
afbr-76	74	20	follows	follow	VERB
afbr-76	74	21	:	:	PUNCT
afbr-76	74	22	with	with	SCONJ
afbr-76	74	23	hundreds	hundred	NOUN
afbr-76	74	24	of	of	ADP
afbr-76	74	25	thousands	thousand	NOUN
afbr-76	74	26	of	of	ADP
afbr-76	74	27	fund	fund	NOUN
afbr-76	74	28	managers	manager	NOUN
afbr-76	74	29	worldwide	worldwide	ADV
afbr-76	74	30	,	,	PUNCT
afbr-76	74	31	even	even	ADV
afbr-76	74	32	a	a	DET
afbr-76	74	33	normal	normal	ADJ
afbr-76	74	34	distribution	distribution	NOUN
afbr-76	74	35	of	of	ADP
afbr-76	74	36	returns	return	NOUN
afbr-76	74	37	should	should	AUX
afbr-76	74	38	be	be	AUX
afbr-76	74	39	expected	expect	VERB
afbr-76	74	40	to	to	PART
afbr-76	74	41	produce	produce	VERB
afbr-76	74	42	a	a	DET
afbr-76	74	43	few	few	ADJ
afbr-76	74	44	dozen	dozen	NOUN
afbr-76	74	45	"	"	PUNCT
afbr-76	74	46	star	star	NOUN
afbr-76	74	47	"	"	PUNCT
afbr-76	74	48	performers	performer	NOUN
afbr-76	74	49	mishra	mishra	PROPN
afbr-76	74	50	(	(	PUNCT
afbr-76	74	51	2009	2009	NUM
afbr-76	74	52	)	)	PUNCT
afbr-76	74	53	.	.	PUNCT
afbr-76	75	1	▪	▪	X
afbr-76	75	2	testing	test	VERB
afbr-76	75	3	the	the	DET
afbr-76	75	4	efficiency	efficiency	NOUN
afbr-76	75	5	market	market	NOUN
afbr-76	75	6	hypothesis	hypothesis	NOUN
afbr-76	75	7	though	though	SCONJ
afbr-76	75	8	no	no	DET
afbr-76	75	9	stock	stock	NOUN
afbr-76	75	10	market	market	NOUN
afbr-76	75	11	is	be	AUX
afbr-76	75	12	generally	generally	ADV
afbr-76	75	13	believed	believe	VERB
afbr-76	75	14	to	to	PART
afbr-76	75	15	be	be	AUX
afbr-76	75	16	strong	strong	ADJ
afbr-76	75	17	-	-	PUNCT
afbr-76	75	18	form	form	NOUN
afbr-76	75	19	efficient	efficient	ADJ
afbr-76	75	20	,	,	PUNCT
afbr-76	75	21	most	most	ADV
afbr-76	75	22	early	early	ADJ
afbr-76	75	23	tests	test	NOUN
afbr-76	75	24	of	of	ADP
afbr-76	75	25	stock	stock	NOUN
afbr-76	75	26	markets	market	NOUN
afbr-76	75	27	in	in	ADP
afbr-76	75	28	industrialized	industrialized	ADJ
afbr-76	75	29	countries	country	NOUN
afbr-76	75	30	have	have	AUX
afbr-76	75	31	typically	typically	ADV
afbr-76	75	32	been	be	AUX
afbr-76	75	33	unable	unable	ADJ
afbr-76	75	34	to	to	PART
afbr-76	75	35	reject	reject	VERB
afbr-76	75	36	null	null	ADJ
afbr-76	75	37	hypotheses	hypothesis	NOUN
afbr-76	75	38	of	of	ADP
afbr-76	75	39	semi	semi	ADJ
afbr-76	75	40	-	-	ADJ
afbr-76	75	41	strong	strong	ADJ
afbr-76	75	42	and	and	CCONJ
afbr-76	75	43	weak	weak	ADJ
afbr-76	75	44	-	-	PUNCT
afbr-76	75	45	form	form	NOUN
afbr-76	75	46	efficiency	efficiency	NOUN
afbr-76	75	47	(	(	PUNCT
afbr-76	75	48	fama	fama	NOUN
afbr-76	75	49	,	,	PUNCT
afbr-76	75	50	1970	1970	NUM
afbr-76	75	51	)	)	PUNCT
afbr-76	75	52	.	.	PUNCT
afbr-76	76	1	some	some	DET
afbr-76	76	2	recent	recent	ADJ
afbr-76	76	3	studies	study	NOUN
afbr-76	76	4	,	,	PUNCT
afbr-76	76	5	however	however	ADV
afbr-76	76	6	,	,	PUNCT
afbr-76	76	7	have	have	AUX
afbr-76	76	8	tested	test	VERB
afbr-76	76	9	for	for	ADP
afbr-76	76	10	the	the	DET
afbr-76	76	11	semi	semi	ADJ
afbr-76	76	12	-	-	ADJ
afbr-76	76	13	strong	strong	ADJ
afbr-76	76	14	and	and	CCONJ
afbr-76	76	15	weak	weak	ADJ
afbr-76	76	16	-	-	PUNCT
afbr-76	76	17	form	form	NOUN
afbr-76	76	18	efficiency	efficiency	NOUN
afbr-76	76	19	in	in	ADP
afbr-76	76	20	developing	develop	VERB
afbr-76	76	21	countries	country	NOUN
afbr-76	76	22	,	,	PUNCT
afbr-76	76	23	focusing	focus	VERB
afbr-76	76	24	primarily	primarily	ADV
afbr-76	76	25	on	on	ADP
afbr-76	76	26	the	the	DET
afbr-76	76	27	emerging	emerge	VERB
afbr-76	76	28	asian	asian	ADJ
afbr-76	76	29	economies	economy	NOUN
afbr-76	76	30	,	,	PUNCT
afbr-76	76	31	the	the	DET
afbr-76	76	32	latin	latin	ADJ
afbr-76	76	33	american	american	ADJ
afbr-76	76	34	markets	market	NOUN
afbr-76	76	35	,	,	PUNCT
afbr-76	76	36	african	african	ADJ
afbr-76	76	37	and	and	CCONJ
afbr-76	76	38	the	the	DET
afbr-76	76	39	middle	middle	PROPN
afbr-76	76	40	east	east	PROPN
afbr-76	76	41	.	.	PUNCT
afbr-76	77	1	chan	chan	PROPN
afbr-76	77	2	,	,	PUNCT
afbr-76	77	3	gup	gup	PROPN
afbr-76	77	4	,	,	PUNCT
afbr-76	77	5	and	and	CCONJ
afbr-76	77	6	pan	pan	NOUN
afbr-76	77	7	(	(	PUNCT
afbr-76	77	8	1992	1992	NUM
afbr-76	77	9	)	)	PUNCT
afbr-76	77	10	,	,	PUNCT
afbr-76	77	11	for	for	ADP
afbr-76	77	12	example	example	NOUN
afbr-76	77	13	,	,	PUNCT
afbr-76	77	14	use	use	VERB
afbr-76	77	15	unit	unit	NOUN
afbr-76	77	16	root	root	NOUN
afbr-76	77	17	tests	test	NOUN
afbr-76	77	18	that	that	PRON
afbr-76	77	19	show	show	VERB
afbr-76	77	20	weak	weak	ADJ
afbr-76	77	21	-	-	PUNCT
afbr-76	77	22	form	form	NOUN
afbr-76	77	23	stock	stock	NOUN
afbr-76	77	24	market	market	NOUN
afbr-76	77	25	efficiency	efficiency	NOUN
afbr-76	77	26	in	in	ADP
afbr-76	77	27	hong	hong	PROPN
afbr-76	77	28	kong	kong	PROPN
afbr-76	77	29	,	,	PUNCT
afbr-76	77	30	south	south	PROPN
afbr-76	77	31	korea	korea	PROPN
afbr-76	77	32	,	,	PUNCT
afbr-76	77	33	singapore	singapore	PROPN
afbr-76	77	34	,	,	PUNCT
afbr-76	77	35	and	and	CCONJ
afbr-76	77	36	taiwan	taiwan	PROPN
afbr-76	77	37	.	.	PUNCT
afbr-76	78	1	liu	liu	PROPN
afbr-76	78	2	,	,	PUNCT
afbr-76	78	3	song	song	NOUN
afbr-76	78	4	and	and	CCONJ
afbr-76	78	5	romilly	romilly	ADJ
afbr-76	78	6	(	(	PUNCT
afbr-76	78	7	2007	2007	NUM
afbr-76	78	8	)	)	PUNCT
afbr-76	78	9	find	find	VERB
afbr-76	78	10	that	that	SCONJ
afbr-76	78	11	both	both	CCONJ
afbr-76	78	12	the	the	DET
afbr-76	78	13	shanghai	shanghai	PROPN
afbr-76	78	14	and	and	CCONJ
afbr-76	78	15	shenzhen	shenzhen	PROPN
afbr-76	78	16	chinese	chinese	PROPN
afbr-76	78	17	stock	stock	NOUN
afbr-76	78	18	market	market	NOUN
afbr-76	78	19	indices	index	NOUN
afbr-76	78	20	are	be	AUX
afbr-76	78	21	characterized	characterize	VERB
afbr-76	78	22	by	by	ADP
afbr-76	78	23	a	a	DET
afbr-76	78	24	random	random	ADJ
afbr-76	78	25	walk	walk	NOUN
afbr-76	78	26	and	and	CCONJ
afbr-76	78	27	are	be	AUX
afbr-76	78	28	thus	thus	ADV
afbr-76	78	29	weak	weak	ADJ
afbr-76	78	30	-	-	PUNCT
afbr-76	78	31	form	form	NOUN
afbr-76	78	32	efficient	efficient	ADJ
afbr-76	78	33	,	,	PUNCT
afbr-76	78	34	although	although	SCONJ
afbr-76	78	35	cointegration	cointegration	NOUN
afbr-76	78	36	tests	test	NOUN
afbr-76	78	37	indicate	indicate	VERB
afbr-76	78	38	joint	joint	ADJ
afbr-76	78	39	inefficiency	inefficiency	NOUN
afbr-76	78	40	between	between	ADP
afbr-76	78	41	the	the	DET
afbr-76	78	42	two	two	NUM
afbr-76	78	43	markets	market	NOUN
afbr-76	78	44	,	,	PUNCT
afbr-76	78	45	i.e.	i.e.	X
afbr-76	78	46	past	past	ADJ
afbr-76	78	47	returns	return	NOUN
afbr-76	78	48	from	from	ADP
afbr-76	78	49	one	one	NUM
afbr-76	78	50	market	market	NOUN
afbr-76	78	51	can	can	AUX
afbr-76	78	52	be	be	AUX
afbr-76	78	53	used	use	VERB
afbr-76	78	54	to	to	PART
afbr-76	78	55	predict	predict	VERB
afbr-76	78	56	returns	return	NOUN
afbr-76	78	57	in	in	ADP
afbr-76	78	58	another	another	PRON
afbr-76	78	59	.	.	PUNCT
afbr-76	79	1	▪	▪	ADJ
afbr-76	79	2	concept	concept	NOUN
afbr-76	79	3	of	of	ADP
afbr-76	79	4	foreign	foreign	ADJ
afbr-76	79	5	portfolio	portfolio	NOUN
afbr-76	79	6	investment	investment	NOUN
afbr-76	79	7	a	a	DET
afbr-76	79	8	portfolio	portfolio	NOUN
afbr-76	79	9	investment	investment	NOUN
afbr-76	79	10	is	be	AUX
afbr-76	79	11	a	a	DET
afbr-76	79	12	transaction	transaction	NOUN
afbr-76	79	13	in	in	ADP
afbr-76	79	14	which	which	PRON
afbr-76	79	15	securities	security	NOUN
afbr-76	79	16	are	be	AUX
afbr-76	79	17	held	hold	VERB
afbr-76	79	18	purely	purely	ADV
afbr-76	79	19	as	as	ADP
afbr-76	79	20	a	a	DET
afbr-76	79	21	financial	financial	ADJ
afbr-76	79	22	investment	investment	NOUN
afbr-76	79	23	,	,	PUNCT
afbr-76	79	24	which	which	PRON
afbr-76	79	25	can	can	AUX
afbr-76	79	26	be	be	AUX
afbr-76	79	27	liquidated	liquidate	VERB
afbr-76	79	28	depending	depend	VERB
afbr-76	79	29	on	on	ADP
afbr-76	79	30	the	the	DET
afbr-76	79	31	investment	investment	NOUN
afbr-76	79	32	horizon	horizon	NOUN
afbr-76	79	33	of	of	ADP
afbr-76	79	34	the	the	DET
afbr-76	79	35	holder	holder	NOUN
afbr-76	79	36	.	.	PUNCT
afbr-76	80	1	this	this	PRON
afbr-76	80	2	has	have	AUX
afbr-76	80	3	been	be	AUX
afbr-76	80	4	on	on	ADP
afbr-76	80	5	the	the	DET
afbr-76	80	6	increase	increase	NOUN
afbr-76	80	7	of	of	ADP
afbr-76	80	8	recent	recent	ADJ
afbr-76	80	9	due	due	ADP
afbr-76	80	10	to	to	ADP
afbr-76	80	11	the	the	DET
afbr-76	80	12	internationalization	internationalization	NOUN
afbr-76	80	13	of	of	ADP
afbr-76	80	14	the	the	DET
afbr-76	80	15	capital	capital	NOUN
afbr-76	80	16	market	market	NOUN
afbr-76	80	17	,	,	PUNCT
afbr-76	80	18	but	but	CCONJ
afbr-76	80	19	is	be	AUX
afbr-76	80	20	seen	see	VERB
afbr-76	80	21	as	as	SCONJ
afbr-76	80	22	the	the	DET
afbr-76	80	23	major	major	ADJ
afbr-76	80	24	cause	cause	NOUN
afbr-76	80	25	of	of	ADP
afbr-76	80	26	hot	hot	ADJ
afbr-76	80	27	flows	flow	NOUN
afbr-76	80	28	that	that	SCONJ
afbr-76	80	29	in	in	ADP
afbr-76	80	30	itself	itself	PRON
afbr-76	80	31	causes	cause	VERB
afbr-76	80	32	capital	capital	NOUN
afbr-76	80	33	flight	flight	NOUN
afbr-76	80	34	and	and	CCONJ
afbr-76	80	35	is	be	AUX
afbr-76	80	36	currently	currently	ADV
afbr-76	80	37	been	be	AUX
afbr-76	80	38	blamed	blame	VERB
afbr-76	80	39	for	for	ADP
afbr-76	80	40	the	the	DET
afbr-76	80	41	downturn	downturn	NOUN
afbr-76	80	42	of	of	ADP
afbr-76	80	43	the	the	DET
afbr-76	80	44	nigerian	nigerian	ADJ
afbr-76	80	45	stock	stock	NOUN
afbr-76	80	46	exchange	exchange	PROPN
afbr-76	80	47	.	.	PUNCT
afbr-76	81	1	the	the	DET
afbr-76	81	2	recent	recent	ADJ
afbr-76	81	3	market	market	NOUN
afbr-76	81	4	bubbles	bubble	NOUN
afbr-76	81	5	aided	aid	VERB
afbr-76	81	6	the	the	DET
afbr-76	81	7	inflow	inflow	NOUN
afbr-76	81	8	of	of	ADP
afbr-76	81	9	portfolio	portfolio	NOUN
afbr-76	81	10	funds	fund	NOUN
afbr-76	81	11	,	,	PUNCT
afbr-76	81	12	which	which	PRON
afbr-76	81	13	many	many	ADJ
afbr-76	81	14	overseas	overseas	ADJ
afbr-76	81	15	hedge	hedge	NOUN
afbr-76	81	16	funds	fund	NOUN
afbr-76	81	17	took	take	VERB
afbr-76	81	18	advantage	advantage	NOUN
afbr-76	81	19	of	of	ADP
afbr-76	81	20	to	to	PART
afbr-76	81	21	make	make	VERB
afbr-76	81	22	quick	quick	ADJ
afbr-76	81	23	returns	return	NOUN
afbr-76	81	24	.	.	PUNCT
afbr-76	82	1	beaker	beaker	NOUN
afbr-76	82	2	,	,	PUNCT
afbr-76	82	3	harvey	harvey	NOUN
afbr-76	82	4	and	and	CCONJ
afbr-76	82	5	lundblad	lundblad	NOUN
afbr-76	82	6	(	(	PUNCT
afbr-76	82	7	2005	2005	NUM
afbr-76	82	8	)	)	PUNCT
afbr-76	82	9	find	find	VERB
afbr-76	82	10	that	that	SCONJ
afbr-76	82	11	capital	capital	NOUN
afbr-76	82	12	inflows	inflow	NOUN
afbr-76	82	13	benefits	benefit	VERB
afbr-76	82	14	equity	equity	NOUN
afbr-76	82	15	markets	market	NOUN
afbr-76	82	16	with	with	ADP
afbr-76	82	17	above	above	ADP
afbr-76	82	18	average	average	ADJ
afbr-76	82	19	financial	financial	ADJ
afbr-76	82	20	development	development	NOUN
afbr-76	82	21	,	,	PUNCT
afbr-76	82	22	better	well	ADJ
afbr-76	82	23	legal	legal	ADJ
afbr-76	82	24	systems	system	NOUN
afbr-76	82	25	and	and	CCONJ
afbr-76	82	26	better	well	ADJ
afbr-76	82	27	quality	quality	NOUN
afbr-76	82	28	institutions	institution	NOUN
afbr-76	82	29	,	,	PUNCT
afbr-76	82	30	which	which	PRON
afbr-76	82	31	mostly	mostly	ADV
afbr-76	82	32	are	be	AUX
afbr-76	82	33	still	still	ADV
afbr-76	82	34	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADP
afbr-76	82	35	australian	australian	ADJ
afbr-76	82	36	finance	finance	PROPN
afbr-76	82	37	&	&	CCONJ
afbr-76	82	38	banking	banking	PROPN
afbr-76	82	39	review	review	PROPN
afbr-76	82	40	vol	vol	NOUN
afbr-76	82	41	.	.	PROPN
afbr-76	83	1	2	2	NUM
afbr-76	83	2	,	,	PUNCT
afbr-76	83	3	no	no	INTJ
afbr-76	83	4	.	.	NOUN
afbr-76	83	5	1	1	NUM
afbr-76	83	6	;	;	PUNCT
afbr-76	83	7	2018	2018	NUM
afbr-76	83	8	14	14	NUM
afbr-76	83	9	fledgling	fledgling	NOUN
afbr-76	83	10	and	and	CCONJ
afbr-76	83	11	nascent	nascent	NOUN
afbr-76	83	12	in	in	ADP
afbr-76	83	13	most	most	ADJ
afbr-76	83	14	of	of	ADP
afbr-76	83	15	the	the	DET
afbr-76	83	16	emerging	emerge	VERB
afbr-76	83	17	markets	market	NOUN
afbr-76	83	18	of	of	ADP
afbr-76	83	19	africa	africa	PROPN
afbr-76	83	20	.	.	PUNCT
afbr-76	84	1	according	accord	VERB
afbr-76	84	2	to	to	ADP
afbr-76	84	3	anyanwale	anyanwale	NOUN
afbr-76	84	4	(	(	PUNCT
afbr-76	84	5	2007	2007	NUM
afbr-76	84	6	)	)	PUNCT
afbr-76	84	7	and	and	CCONJ
afbr-76	84	8	ezirim	ezirim	NOUN
afbr-76	84	9	(	(	PUNCT
afbr-76	84	10	2005	2005	NUM
afbr-76	84	11	)	)	PUNCT
afbr-76	84	12	foreign	foreign	ADJ
afbr-76	84	13	portfolio	portfolio	NOUN
afbr-76	84	14	investment	investment	NOUN
afbr-76	84	15	is	be	AUX
afbr-76	84	16	one	one	NUM
afbr-76	84	17	of	of	ADP
afbr-76	84	18	the	the	DET
afbr-76	84	19	components	component	NOUN
afbr-76	84	20	of	of	ADP
afbr-76	84	21	foreign	foreign	ADJ
afbr-76	84	22	investment	investment	NOUN
afbr-76	84	23	(	(	PUNCT
afbr-76	84	24	fi	fi	NOUN
afbr-76	84	25	)	)	PUNCT
afbr-76	84	26	.	.	PUNCT
afbr-76	85	1	fpi	fpi	PROPN
afbr-76	85	2	involves	involve	VERB
afbr-76	85	3	the	the	DET
afbr-76	85	4	commitment	commitment	NOUN
afbr-76	85	5	of	of	ADP
afbr-76	85	6	funds	fund	NOUN
afbr-76	85	7	to	to	ADP
afbr-76	85	8	domestic	domestic	ADJ
afbr-76	85	9	securities	security	NOUN
afbr-76	85	10	by	by	ADP
afbr-76	85	11	a	a	DET
afbr-76	85	12	foreign	foreign	ADJ
afbr-76	85	13	nation	nation	NOUN
afbr-76	85	14	or	or	CCONJ
afbr-76	85	15	the	the	DET
afbr-76	85	16	purchase	purchase	NOUN
afbr-76	85	17	of	of	ADP
afbr-76	85	18	foreign	foreign	ADJ
afbr-76	85	19	securities	security	NOUN
afbr-76	85	20	by	by	ADP
afbr-76	85	21	a	a	DET
afbr-76	85	22	resident	resident	NOUN
afbr-76	85	23	.	.	PUNCT
afbr-76	86	1	foreign	foreign	ADJ
afbr-76	86	2	portfolio	portfolio	NOUN
afbr-76	86	3	investment	investment	NOUN
afbr-76	86	4	may	may	AUX
afbr-76	86	5	not	not	PART
afbr-76	86	6	involve	involve	VERB
afbr-76	86	7	positive	positive	ADJ
afbr-76	86	8	transfers	transfer	NOUN
afbr-76	86	9	,	,	PUNCT
afbr-76	86	10	just	just	ADV
afbr-76	86	11	being	be	AUX
afbr-76	86	12	a	a	DET
afbr-76	86	13	change	change	NOUN
afbr-76	86	14	in	in	ADP
afbr-76	86	15	ownership	ownership	NOUN
afbr-76	86	16	.	.	PUNCT
afbr-76	87	1	▪	▪	ADJ
afbr-76	87	2	foreign	foreign	ADJ
afbr-76	87	3	portfolio	portfolio	NOUN
afbr-76	87	4	inflow	inflow	NOUN
afbr-76	87	5	in	in	ADP
afbr-76	87	6	nigerian	nigerian	ADJ
afbr-76	87	7	capital	capital	NOUN
afbr-76	87	8	market	market	NOUN
afbr-76	87	9	foreign	foreign	ADJ
afbr-76	87	10	portfolio	portfolio	NOUN
afbr-76	87	11	inflow	inflow	NOUN
afbr-76	87	12	was	be	AUX
afbr-76	87	13	not	not	PART
afbr-76	87	14	observed	observe	VERB
afbr-76	87	15	in	in	ADP
afbr-76	87	16	the	the	DET
afbr-76	87	17	nigerian	nigerian	ADJ
afbr-76	87	18	capital	capital	NOUN
afbr-76	87	19	market	market	NOUN
afbr-76	87	20	in	in	ADP
afbr-76	87	21	the	the	DET
afbr-76	87	22	early	early	ADJ
afbr-76	87	23	1980s	1980	NOUN
afbr-76	87	24	up	up	ADP
afbr-76	87	25	to	to	ADP
afbr-76	87	26	1985	1985	NUM
afbr-76	87	27	.	.	PUNCT
afbr-76	88	1	the	the	DET
afbr-76	88	2	first	first	ADJ
afbr-76	88	3	report	report	NOUN
afbr-76	88	4	made	make	VERB
afbr-76	88	5	by	by	ADP
afbr-76	88	6	the	the	DET
afbr-76	88	7	central	central	ADJ
afbr-76	88	8	bank	bank	PROPN
afbr-76	88	9	of	of	ADP
afbr-76	88	10	nigeria	nigeria	PROPN
afbr-76	88	11	(	(	PUNCT
afbr-76	88	12	cbn	cbn	PROPN
afbr-76	88	13	)	)	PUNCT
afbr-76	88	14	,	,	PUNCT
afbr-76	88	15	recorded	record	VERB
afbr-76	88	16	foreign	foreign	ADJ
afbr-76	88	17	portfolio	portfolio	NOUN
afbr-76	88	18	inflow	inflow	NOUN
afbr-76	88	19	of	of	ADP
afbr-76	88	20	n151.6	n151.6	PROPN
afbr-76	88	21	million	million	NUM
afbr-76	88	22	in	in	ADP
afbr-76	88	23	1986	1986	NUM
afbr-76	88	24	.	.	PUNCT
afbr-76	89	1	beginning	begin	VERB
afbr-76	89	2	from	from	ADP
afbr-76	89	3	1985	1985	NUM
afbr-76	89	4	when	when	SCONJ
afbr-76	89	5	the	the	DET
afbr-76	89	6	second	second	ADJ
afbr-76	89	7	-	-	PUNCT
afbr-76	89	8	tier	tier	NOUN
afbr-76	89	9	securities	security	NOUN
afbr-76	89	10	market	market	NOUN
afbr-76	89	11	was	be	AUX
afbr-76	89	12	established	establish	VERB
afbr-76	89	13	coupled	couple	VERB
afbr-76	89	14	with	with	ADP
afbr-76	89	15	the	the	DET
afbr-76	89	16	promulgation	promulgation	NOUN
afbr-76	89	17	of	of	ADP
afbr-76	89	18	the	the	DET
afbr-76	89	19	nigerianenterprise	nigerianenterprise	NOUN
afbr-76	89	20	promotion	promotion	NOUN
afbr-76	89	21	decree	decree	NOUN
afbr-76	89	22	in	in	ADP
afbr-76	89	23	1987	1987	NUM
afbr-76	89	24	,	,	PUNCT
afbr-76	89	25	the	the	DET
afbr-76	89	26	nigerian	nigerian	ADJ
afbr-76	89	27	capital	capital	NOUN
afbr-76	89	28	market	market	NOUN
afbr-76	89	29	continued	continue	VERB
afbr-76	89	30	to	to	PART
afbr-76	89	31	register	register	VERB
afbr-76	89	32	the	the	DET
afbr-76	89	33	inflow	inflow	NOUN
afbr-76	89	34	of	of	ADP
afbr-76	89	35	foreign	foreign	ADJ
afbr-76	89	36	portfolio	portfolio	NOUN
afbr-76	89	37	investment	investment	NOUN
afbr-76	89	38	.	.	PUNCT
afbr-76	90	1	thus	thus	ADV
afbr-76	90	2	,	,	PUNCT
afbr-76	90	3	directives	directive	NOUN
afbr-76	90	4	that	that	PRON
afbr-76	90	5	the	the	DET
afbr-76	90	6	nigerian	nigerian	ADJ
afbr-76	90	7	capital	capital	NOUN
afbr-76	90	8	market	market	NOUN
afbr-76	90	9	must	must	AUX
afbr-76	90	10	be	be	AUX
afbr-76	90	11	internationalized	internationalize	VERB
afbr-76	90	12	to	to	PART
afbr-76	90	13	make	make	VERB
afbr-76	90	14	it	it	PRON
afbr-76	90	15	more	more	ADV
afbr-76	90	16	responsive	responsive	ADJ
afbr-76	90	17	and	and	CCONJ
afbr-76	90	18	attractive	attractive	ADJ
afbr-76	90	19	to	to	ADP
afbr-76	90	20	both	both	CCONJ
afbr-76	90	21	local	local	ADJ
afbr-76	90	22	and	and	CCONJ
afbr-76	90	23	foreign	foreign	ADJ
afbr-76	90	24	investors	investor	NOUN
afbr-76	90	25	buttressed	buttress	VERB
afbr-76	90	26	government	government	NOUN
afbr-76	90	27	’s	’s	PART
afbr-76	90	28	appreciation	appreciation	NOUN
afbr-76	90	29	of	of	ADP
afbr-76	90	30	the	the	DET
afbr-76	90	31	importance	importance	NOUN
afbr-76	90	32	of	of	ADP
afbr-76	90	33	the	the	DET
afbr-76	90	34	capital	capital	NOUN
afbr-76	90	35	market	market	NOUN
afbr-76	90	36	in	in	ADP
afbr-76	90	37	national	national	ADJ
afbr-76	90	38	development	development	NOUN
afbr-76	90	39	.	.	PUNCT
afbr-76	91	1	ideally	ideally	ADV
afbr-76	91	2	,	,	PUNCT
afbr-76	91	3	internationalization	internationalization	NOUN
afbr-76	91	4	should	should	AUX
afbr-76	91	5	enhance	enhance	VERB
afbr-76	91	6	the	the	DET
afbr-76	91	7	market	market	NOUN
afbr-76	91	8	’s	’s	PART
afbr-76	91	9	competitiveness	competitiveness	NOUN
afbr-76	91	10	and	and	CCONJ
afbr-76	91	11	attractiveness	attractiveness	NOUN
afbr-76	91	12	in	in	ADP
afbr-76	91	13	the	the	DET
afbr-76	91	14	global	global	ADJ
afbr-76	91	15	market	market	NOUN
afbr-76	91	16	place	place	NOUN
afbr-76	91	17	(	(	PUNCT
afbr-76	91	18	sec	sec	PROPN
afbr-76	91	19	,	,	PUNCT
afbr-76	91	20	1995	1995	NUM
afbr-76	91	21	)	)	PUNCT
afbr-76	91	22	.	.	PUNCT
afbr-76	92	1	the	the	DET
afbr-76	92	2	later	later	ADJ
afbr-76	92	3	part	part	NOUN
afbr-76	92	4	of	of	ADP
afbr-76	92	5	the	the	DET
afbr-76	92	6	1980s	1980	NOUN
afbr-76	92	7	particularly	particularly	ADV
afbr-76	92	8	between	between	ADP
afbr-76	92	9	1987	1987	NUM
afbr-76	92	10	and	and	CCONJ
afbr-76	92	11	1988	1988	NUM
afbr-76	92	12	received	receive	VERB
afbr-76	92	13	foreign	foreign	ADJ
afbr-76	92	14	portfolio	portfolio	NOUN
afbr-76	92	15	inflow	inflow	NOUN
afbr-76	92	16	of	of	ADP
afbr-76	92	17	n4,353	n4,353	PROPN
afbr-76	92	18	million	million	NUM
afbr-76	92	19	and	and	CCONJ
afbr-76	92	20	n2,611.8	n2,611.8	NUM
afbr-76	92	21	million	million	NUM
afbr-76	92	22	respectively	respectively	ADV
afbr-76	92	23	,	,	PUNCT
afbr-76	92	24	representing	represent	VERB
afbr-76	92	25	a	a	DET
afbr-76	92	26	drastic	drastic	ADJ
afbr-76	92	27	rise	rise	NOUN
afbr-76	92	28	when	when	SCONJ
afbr-76	92	29	compared	compare	VERB
afbr-76	92	30	to	to	ADP
afbr-76	92	31	the	the	DET
afbr-76	92	32	1986	1986	NUM
afbr-76	92	33	’s	’s	PART
afbr-76	92	34	figure	figure	NOUN
afbr-76	92	35	,	,	PUNCT
afbr-76	92	36	though	though	SCONJ
afbr-76	92	37	it	it	PRON
afbr-76	92	38	fluctuated	fluctuate	VERB
afbr-76	92	39	downward	downward	ADV
afbr-76	92	40	from	from	ADP
afbr-76	92	41	1987	1987	NUM
afbr-76	92	42	to	to	ADP
afbr-76	92	43	1988	1988	NUM
afbr-76	92	44	.	.	PUNCT
afbr-76	93	1	according	accord	VERB
afbr-76	93	2	to	to	ADP
afbr-76	93	3	ekineh	ekineh	PROPN
afbr-76	93	4	(	(	PUNCT
afbr-76	93	5	2003	2003	NUM
afbr-76	93	6	)	)	PUNCT
afbr-76	93	7	the	the	DET
afbr-76	93	8	investment	investment	NOUN
afbr-76	93	9	climate	climate	NOUN
afbr-76	93	10	in	in	ADP
afbr-76	93	11	nigeria	nigeria	PROPN
afbr-76	93	12	for	for	ADP
afbr-76	93	13	the	the	DET
afbr-76	93	14	period	period	NOUN
afbr-76	93	15	1987	1987	NUM
afbr-76	93	16	to	to	ADP
afbr-76	93	17	1998	1998	NUM
afbr-76	93	18	was	be	AUX
afbr-76	93	19	unconducive	unconducive	ADJ
afbr-76	93	20	,	,	PUNCT
afbr-76	93	21	leading	lead	VERB
afbr-76	93	22	to	to	ADP
afbr-76	93	23	a	a	DET
afbr-76	93	24	spate	spate	NOUN
afbr-76	93	25	of	of	ADP
afbr-76	93	26	divestment	divestment	NOUN
afbr-76	93	27	even	even	ADV
afbr-76	93	28	by	by	ADP
afbr-76	93	29	the	the	DET
afbr-76	93	30	nation	nation	NOUN
afbr-76	93	31	’s	’s	PART
afbr-76	93	32	traditional	traditional	ADJ
afbr-76	93	33	and	and	CCONJ
afbr-76	93	34	long	long	ADV
afbr-76	93	35	standing	standing	ADJ
afbr-76	93	36	investors	investor	NOUN
afbr-76	93	37	,	,	PUNCT
afbr-76	93	38	who	who	PRON
afbr-76	93	39	perhaps	perhaps	ADV
afbr-76	93	40	moved	move	VERB
afbr-76	93	41	to	to	ADP
afbr-76	93	42	more	more	ADV
afbr-76	93	43	favourable	favourable	ADJ
afbr-76	93	44	environments	environment	NOUN
afbr-76	93	45	.	.	PUNCT
afbr-76	94	1	although	although	SCONJ
afbr-76	94	2	the	the	DET
afbr-76	94	3	nigerian	nigerian	ADJ
afbr-76	94	4	capital	capital	NOUN
afbr-76	94	5	market	market	NOUN
afbr-76	94	6	was	be	AUX
afbr-76	94	7	completely	completely	ADV
afbr-76	94	8	deregulated	deregulate	VERB
afbr-76	94	9	in	in	ADP
afbr-76	94	10	1993	1993	NUM
afbr-76	94	11	,	,	PUNCT
afbr-76	94	12	foreign	foreign	ADJ
afbr-76	94	13	portfolio	portfolio	NOUN
afbr-76	94	14	inflow	inflow	NOUN
afbr-76	94	15	continued	continue	VERB
afbr-76	94	16	to	to	PART
afbr-76	94	17	be	be	AUX
afbr-76	94	18	negative	negative	ADJ
afbr-76	94	19	up	up	ADP
afbr-76	94	20	to	to	ADP
afbr-76	94	21	1998	1998	NUM
afbr-76	94	22	and	and	CCONJ
afbr-76	94	23	reversed	reverse	VERB
afbr-76	94	24	in	in	ADP
afbr-76	94	25	1999	1999	NUM
afbr-76	94	26	with	with	ADP
afbr-76	94	27	a	a	DET
afbr-76	94	28	record	record	NOUN
afbr-76	94	29	of	of	ADP
afbr-76	94	30	n1,815.7	n1,815.7	PROPN
afbr-76	94	31	million	million	NUM
afbr-76	94	32	(	(	PUNCT
afbr-76	94	33	sec	sec	PROPN
afbr-76	94	34	,	,	PUNCT
afbr-76	94	35	2008	2008	NUM
afbr-76	94	36	)	)	PUNCT
afbr-76	94	37	.	.	PUNCT
afbr-76	95	1	in	in	ADP
afbr-76	95	2	2000	2000	NUM
afbr-76	95	3	,	,	PUNCT
afbr-76	95	4	the	the	DET
afbr-76	95	5	fpi	fpi	PROPN
afbr-76	95	6	inflow	inflow	NOUN
afbr-76	95	7	into	into	ADP
afbr-76	95	8	the	the	DET
afbr-76	95	9	market	market	NOUN
afbr-76	95	10	stood	stand	VERB
afbr-76	95	11	at	at	ADP
afbr-76	95	12	n51.1	n51.1	NOUN
afbr-76	95	13	billion	billion	NUM
afbr-76	95	14	compared	compare	VERB
afbr-76	95	15	to	to	ADP
afbr-76	95	16	n1.82	n1.82	PROPN
afbr-76	95	17	billion	billion	NUM
afbr-76	95	18	in	in	ADP
afbr-76	95	19	1999	1999	NUM
afbr-76	95	20	.	.	PUNCT
afbr-76	96	1	since	since	SCONJ
afbr-76	96	2	then	then	ADV
afbr-76	96	3	the	the	DET
afbr-76	96	4	market	market	NOUN
afbr-76	96	5	has	have	AUX
afbr-76	96	6	witnessed	witness	VERB
afbr-76	96	7	a	a	DET
afbr-76	96	8	tremendous	tremendous	ADJ
afbr-76	96	9	increase	increase	NOUN
afbr-76	96	10	in	in	ADP
afbr-76	96	11	the	the	DET
afbr-76	96	12	inflow	inflow	NOUN
afbr-76	96	13	of	of	ADP
afbr-76	96	14	fund	fund	NOUN
afbr-76	96	15	from	from	ADP
afbr-76	96	16	oversea	oversea	ADJ
afbr-76	96	17	,	,	PUNCT
afbr-76	96	18	high	high	ADJ
afbr-76	96	19	records	record	NOUN
afbr-76	96	20	of	of	ADP
afbr-76	96	21	n311.1	n311.1	NOUN
afbr-76	96	22	billion	billion	NUM
afbr-76	96	23	in	in	ADP
afbr-76	96	24	2006	2006	NUM
afbr-76	96	25	and	and	CCONJ
afbr-76	96	26	n703.6	n703.6	PROPN
afbr-76	96	27	billion	billion	NUM
afbr-76	96	28	in	in	ADP
afbr-76	96	29	2007	2007	NUM
afbr-76	96	30	respectively	respectively	ADV
afbr-76	96	31	.	.	PUNCT
afbr-76	97	1	the	the	DET
afbr-76	97	2	n391.1	n391.1	NOUN
afbr-76	97	3	billion	billion	NUM
afbr-76	97	4	increase	increase	NOUN
afbr-76	97	5	in	in	ADP
afbr-76	97	6	fpi	fpi	PROPN
afbr-76	97	7	inflows	inflow	NOUN
afbr-76	97	8	in	in	ADP
afbr-76	97	9	2007	2007	NUM
afbr-76	97	10	over	over	ADP
afbr-76	97	11	2006	2006	NUM
afbr-76	97	12	whichrepresents	whichrepresent	NOUN
afbr-76	97	13	125	125	NUM
afbr-76	97	14	%	%	NOUN
afbr-76	97	15	increase	increase	NOUN
afbr-76	97	16	.	.	PUNCT
afbr-76	98	1	also	also	ADV
afbr-76	98	2	,	,	PUNCT
afbr-76	98	3	there	there	PRON
afbr-76	98	4	was	be	VERB
afbr-76	98	5	a	a	DET
afbr-76	98	6	sharp	sharp	ADJ
afbr-76	98	7	increase	increase	NOUN
afbr-76	98	8	in	in	ADP
afbr-76	98	9	fpi	fpi	PROPN
afbr-76	98	10	inflow	inflow	NOUN
afbr-76	98	11	between	between	ADP
afbr-76	98	12	2005	2005	NUM
afbr-76	98	13	and	and	CCONJ
afbr-76	98	14	2006	2006	NUM
afbr-76	98	15	,	,	PUNCT
afbr-76	98	16	rising	rise	VERB
afbr-76	98	17	from	from	ADP
afbr-76	98	18	a	a	DET
afbr-76	98	19	low	low	ADJ
afbr-76	98	20	inflow	inflow	NOUN
afbr-76	98	21	of	of	ADP
afbr-76	98	22	n23.5	n23.5	NOUN
afbr-76	98	23	billion	billion	NUM
afbr-76	98	24	in	in	ADP
afbr-76	98	25	2004	2004	NUM
afbr-76	98	26	to	to	PART
afbr-76	98	27	stand	stand	VERB
afbr-76	98	28	at	at	ADP
afbr-76	98	29	n116.0	n116.0	NOUN
afbr-76	98	30	billion	billion	NUM
afbr-76	98	31	in	in	ADP
afbr-76	98	32	2005	2005	NUM
afbr-76	98	33	and	and	CCONJ
afbr-76	98	34	n311.7	n311.7	NOUN
afbr-76	98	35	billion	billion	NUM
afbr-76	98	36	in	in	ADP
afbr-76	98	37	2006	2006	NUM
afbr-76	98	38	.	.	PUNCT
afbr-76	99	1	the	the	DET
afbr-76	99	2	inflow	inflow	NOUN
afbr-76	99	3	of	of	ADP
afbr-76	99	4	fpi	fpi	PROPN
afbr-76	99	5	dropped	drop	VERB
afbr-76	99	6	after	after	ADP
afbr-76	99	7	the	the	DET
afbr-76	99	8	2000	2000	NUM
afbr-76	99	9	’s	’s	PART
afbr-76	99	10	figure	figure	NOUN
afbr-76	99	11	to	to	ADP
afbr-76	99	12	n26.0	n26.0	PROPN
afbr-76	99	13	billion	billion	NUM
afbr-76	99	14	in	in	ADP
afbr-76	99	15	2001	2001	NUM
afbr-76	99	16	,	,	PUNCT
afbr-76	99	17	slightly	slightly	ADV
afbr-76	99	18	dropped	drop	VERB
afbr-76	99	19	again	again	ADV
afbr-76	99	20	in	in	ADP
afbr-76	99	21	2002	2002	NUM
afbr-76	99	22	to	to	ADP
afbr-76	99	23	n24.8	n24.8	SYM
afbr-76	99	24	billion	billion	NUM
afbr-76	99	25	and	and	CCONJ
afbr-76	99	26	stagnated	stagnate	VERB
afbr-76	99	27	between	between	ADP
afbr-76	99	28	2003	2003	NUM
afbr-76	99	29	and	and	CCONJ
afbr-76	99	30	2004	2004	NUM
afbr-76	99	31	recording	record	VERB
afbr-76	99	32	n23.5	n23.5	NOUN
afbr-76	99	33	billion	billion	NUM
afbr-76	99	34	for	for	ADP
afbr-76	99	35	the	the	DET
afbr-76	99	36	two	two	NUM
afbr-76	99	37	years	year	NOUN
afbr-76	99	38	.	.	PUNCT
afbr-76	100	1	between	between	ADP
afbr-76	100	2	2007	2007	NUM
afbr-76	100	3	and	and	CCONJ
afbr-76	100	4	2008	2008	NUM
afbr-76	100	5	there	there	PRON
afbr-76	100	6	was	be	VERB
afbr-76	100	7	a	a	DET
afbr-76	100	8	drastic	drastic	ADJ
afbr-76	100	9	fall	fall	NOUN
afbr-76	100	10	in	in	ADP
afbr-76	100	11	fpi	fpi	PROPN
afbr-76	100	12	inflow	inflow	NOUN
afbr-76	100	13	from	from	ADP
afbr-76	100	14	a	a	DET
afbr-76	100	15	high	high	NOUN
afbr-76	100	16	of	of	ADP
afbr-76	100	17	n703.6	n703.6	PROPN
afbr-76	100	18	billion	billion	NUM
afbr-76	100	19	in	in	ADP
afbr-76	100	20	2007	2007	NUM
afbr-76	100	21	to	to	ADP
afbr-76	100	22	n350.9	n350.9	NOUN
afbr-76	100	23	billion	billion	NUM
afbr-76	100	24	in	in	ADP
afbr-76	100	25	2008	2008	NUM
afbr-76	100	26	(	(	PUNCT
afbr-76	100	27	oluba	oluba	PROPN
afbr-76	100	28	,	,	PUNCT
afbr-76	100	29	2008	2008	NUM
afbr-76	100	30	)	)	PUNCT
afbr-76	100	31	.	.	PUNCT
afbr-76	101	1	despite	despite	SCONJ
afbr-76	101	2	this	this	DET
afbr-76	101	3	fluctuation	fluctuation	NOUN
afbr-76	101	4	or	or	CCONJ
afbr-76	101	5	sharp	sharp	ADJ
afbr-76	101	6	fall	fall	NOUN
afbr-76	101	7	in	in	ADP
afbr-76	101	8	the	the	DET
afbr-76	101	9	inflow	inflow	NOUN
afbr-76	101	10	of	of	ADP
afbr-76	101	11	fpi	fpi	PROPN
afbr-76	101	12	,	,	PUNCT
afbr-76	101	13	the	the	DET
afbr-76	101	14	inflow	inflow	NOUN
afbr-76	101	15	of	of	ADP
afbr-76	101	16	foreign	foreign	ADJ
afbr-76	101	17	portfolio	portfolio	NOUN
afbr-76	101	18	investment	investment	NOUN
afbr-76	101	19	rose	rise	VERB
afbr-76	101	20	significantly	significantly	ADV
afbr-76	101	21	in	in	ADP
afbr-76	101	22	2009	2009	NUM
afbr-76	101	23	to	to	ADP
afbr-76	101	24	the	the	DET
afbr-76	101	25	tune	tune	NOUN
afbr-76	101	26	of	of	ADP
afbr-76	101	27	n2.15	n2.15	PROPN
afbr-76	101	28	trillion	trillion	NUM
afbr-76	101	29	approximately	approximately	ADV
afbr-76	101	30	and	and	CCONJ
afbr-76	101	31	further	far	ADV
afbr-76	101	32	rose	rise	VERB
afbr-76	101	33	in	in	ADP
afbr-76	101	34	2010	2010	NUM
afbr-76	101	35	ton2.73	ton2.73	NOUN
afbr-76	101	36	trillion	trillion	NUM
afbr-76	101	37	approximately	approximately	ADV
afbr-76	101	38	.	.	PUNCT
afbr-76	102	1	according	accord	VERB
afbr-76	102	2	to	to	ADP
afbr-76	102	3	sec	sec	PROPN
afbr-76	102	4	(	(	PUNCT
afbr-76	102	5	2008	2008	NUM
afbr-76	102	6	)	)	PUNCT
afbr-76	102	7	the	the	DET
afbr-76	102	8	high	high	ADJ
afbr-76	102	9	foreign	foreign	ADJ
afbr-76	102	10	portfolio	portfolio	NOUN
afbr-76	102	11	inflow	inflow	NOUN
afbr-76	102	12	to	to	ADP
afbr-76	102	13	the	the	DET
afbr-76	102	14	market	market	NOUN
afbr-76	102	15	between	between	ADP
afbr-76	102	16	2005	2005	NUM
afbr-76	102	17	and	and	CCONJ
afbr-76	102	18	2007	2007	NUM
afbr-76	102	19	could	could	AUX
afbr-76	102	20	be	be	AUX
afbr-76	102	21	attributed	attribute	VERB
afbr-76	102	22	to	to	ADP
afbr-76	102	23	high	high	ADJ
afbr-76	102	24	returns	return	NOUN
afbr-76	102	25	,	,	PUNCT
afbr-76	102	26	liquidity	liquidity	NOUN
afbr-76	102	27	level	level	NOUN
afbr-76	102	28	and	and	CCONJ
afbr-76	102	29	safety	safety	NOUN
afbr-76	102	30	of	of	ADP
afbr-76	102	31	investment	investment	NOUN
afbr-76	102	32	in	in	ADP
afbr-76	102	33	the	the	DET
afbr-76	102	34	nigerian	nigerian	ADJ
afbr-76	102	35	stock	stock	NOUN
afbr-76	102	36	market	market	NOUN
afbr-76	102	37	.	.	PUNCT
afbr-76	103	1	however	however	ADV
afbr-76	103	2	,	,	PUNCT
afbr-76	103	3	the	the	DET
afbr-76	103	4	trend	trend	NOUN
afbr-76	103	5	of	of	ADP
afbr-76	103	6	fpi	fpi	PROPN
afbr-76	103	7	to	to	ADP
afbr-76	103	8	the	the	DET
afbr-76	103	9	capital	capital	NOUN
afbr-76	103	10	market	market	NOUN
afbr-76	103	11	over	over	ADP
afbr-76	103	12	the	the	DET
afbr-76	103	13	period	period	NOUN
afbr-76	103	14	under	under	ADP
afbr-76	103	15	study	study	NOUN
afbr-76	103	16	(	(	PUNCT
afbr-76	103	17	1980	1980	NUM
afbr-76	103	18	-	-	SYM
afbr-76	103	19	2010	2010	NUM
afbr-76	103	20	)	)	PUNCT
afbr-76	103	21	represents	represent	VERB
afbr-76	103	22	an	an	DET
afbr-76	103	23	unstable	unstable	ADJ
afbr-76	103	24	and	and	CCONJ
afbr-76	103	25	fluctuating	fluctuate	VERB
afbr-76	103	26	inflow	inflow	NOUN
afbr-76	103	27	between	between	ADP
afbr-76	103	28	2011	2011	NUM
afbr-76	103	29	and	and	CCONJ
afbr-76	103	30	2013	2013	NUM
afbr-76	103	31	,	,	PUNCT
afbr-76	103	32	nigeria	nigeria	PROPN
afbr-76	103	33	’s	’s	PART
afbr-76	103	34	net	net	ADJ
afbr-76	103	35	foreign	foreign	ADJ
afbr-76	103	36	portfolio	portfolio	NOUN
afbr-76	103	37	investment	investment	NOUN
afbr-76	103	38	was	be	AUX
afbr-76	103	39	positive	positive	ADJ
afbr-76	103	40	with	with	ADP
afbr-76	103	41	n2,789.69	n2,789.69	PROPN
afbr-76	103	42	,	,	PUNCT
afbr-76	103	43	n60,289	n60,289	NOUN
afbr-76	103	44	,	,	PUNCT
afbr-76	103	45	and	and	CCONJ
afbr-76	103	46	n1,045,628	n1,045,628	PROPN
afbr-76	103	47	respectively	respectively	ADV
afbr-76	103	48	.	.	PUNCT
afbr-76	104	1	▪	▪	ADJ
afbr-76	104	2	performance	performance	NOUN
afbr-76	104	3	trend	trend	NOUN
afbr-76	104	4	of	of	ADP
afbr-76	104	5	the	the	DET
afbr-76	104	6	nigerian	nigerian	ADJ
afbr-76	104	7	capital	capital	NOUN
afbr-76	104	8	market	market	NOUN
afbr-76	104	9	according	accord	VERB
afbr-76	104	10	to	to	ADP
afbr-76	104	11	central	central	ADJ
afbr-76	104	12	bank	bank	PROPN
afbr-76	104	13	of	of	ADP
afbr-76	104	14	nigeria	nigeria	PROPN
afbr-76	104	15	(	(	PUNCT
afbr-76	104	16	2007	2007	NUM
afbr-76	104	17	)	)	PUNCT
afbr-76	104	18	,	,	PUNCT
afbr-76	104	19	analysis	analysis	NOUN
afbr-76	104	20	of	of	ADP
afbr-76	104	21	the	the	DET
afbr-76	104	22	major	major	ADJ
afbr-76	104	23	indicators	indicator	NOUN
afbr-76	104	24	of	of	ADP
afbr-76	104	25	activity	activity	NOUN
afbr-76	104	26	in	in	ADP
afbr-76	104	27	the	the	DET
afbr-76	104	28	capital	capital	NOUN
afbr-76	104	29	market	market	NOUN
afbr-76	104	30	shows	show	VERB
afbr-76	104	31	that	that	SCONJ
afbr-76	104	32	the	the	DET
afbr-76	104	33	market	market	NOUN
afbr-76	104	34	has	have	AUX
afbr-76	104	35	experienced	experience	VERB
afbr-76	104	36	remarkable	remarkable	ADJ
afbr-76	104	37	growth	growth	NOUN
afbr-76	104	38	since	since	SCONJ
afbr-76	104	39	1980	1980	NUM
afbr-76	104	40	.	.	PUNCT
afbr-76	105	1	transactions	transaction	NOUN
afbr-76	105	2	in	in	ADP
afbr-76	105	3	equities	equity	NOUN
afbr-76	105	4	were	be	AUX
afbr-76	105	5	hitherto	hitherto	NOUN
afbr-76	105	6	weak	weak	ADJ
afbr-76	105	7	due	due	ADJ
afbr-76	105	8	largely	largely	ADV
afbr-76	105	9	to	to	ADP
afbr-76	105	10	the	the	DET
afbr-76	105	11	low	low	ADJ
afbr-76	105	12	level	level	NOUN
afbr-76	105	13	of	of	ADP
afbr-76	105	14	information	information	NOUN
afbr-76	105	15	dissemination	dissemination	NOUN
afbr-76	105	16	and	and	CCONJ
afbr-76	105	17	awareness	awareness	NOUN
afbr-76	105	18	which	which	PRON
afbr-76	105	19	resulted	result	VERB
afbr-76	105	20	sluggish	sluggish	ADJ
afbr-76	105	21	market	market	NOUN
afbr-76	105	22	behavior	behavior	NOUN
afbr-76	105	23	.	.	PUNCT
afbr-76	106	1	however	however	ADV
afbr-76	106	2	,	,	PUNCT
afbr-76	106	3	with	with	ADP
afbr-76	106	4	the	the	DET
afbr-76	106	5	computerization	computerization	NOUN
afbr-76	106	6	of	of	ADP
afbr-76	106	7	trading	trading	NOUN
afbr-76	106	8	and	and	CCONJ
afbr-76	106	9	increased	increase	VERB
afbr-76	106	10	transparency	transparency	NOUN
afbr-76	106	11	in	in	ADP
afbr-76	106	12	delivery	delivery	NOUN
afbr-76	106	13	of	of	ADP
afbr-76	106	14	corporate	corporate	ADJ
afbr-76	106	15	information	information	NOUN
afbr-76	106	16	,	,	PUNCT
afbr-76	106	17	the	the	DET
afbr-76	106	18	market	market	NOUN
afbr-76	106	19	has	have	AUX
afbr-76	106	20	become	become	VERB
afbr-76	106	21	relatively	relatively	ADV
afbr-76	106	22	more	more	ADV
afbr-76	106	23	efficient	efficient	ADJ
afbr-76	106	24	.	.	PUNCT
afbr-76	107	1	since	since	SCONJ
afbr-76	107	2	the	the	DET
afbr-76	107	3	1980	1980	NUM
afbr-76	107	4	’s	’s	NOUN
afbr-76	107	5	,	,	PUNCT
afbr-76	107	6	the	the	DET
afbr-76	107	7	market	market	NOUN
afbr-76	107	8	indicators	indicator	NOUN
afbr-76	107	9	including	include	VERB
afbr-76	107	10	the	the	DET
afbr-76	107	11	number	number	NOUN
afbr-76	107	12	of	of	ADP
afbr-76	107	13	listed	list	VERB
afbr-76	107	14	companies	company	NOUN
afbr-76	107	15	and	and	CCONJ
afbr-76	107	16	securities	security	NOUN
afbr-76	107	17	,	,	PUNCT
afbr-76	107	18	market	market	NOUN
afbr-76	107	19	capitalization	capitalization	NOUN
afbr-76	107	20	,	,	PUNCT
afbr-76	107	21	new	new	ADJ
afbr-76	107	22	issues	issue	NOUN
afbr-76	107	23	,	,	PUNCT
afbr-76	107	24	value	value	NOUN
afbr-76	107	25	index	index	NOUN
afbr-76	107	26	and	and	CCONJ
afbr-76	107	27	market	market	NOUN
afbr-76	107	28	turnover	turnover	NOUN
afbr-76	107	29	have	have	AUX
afbr-76	107	30	recorded	record	VERB
afbr-76	107	31	significant	significant	ADJ
afbr-76	107	32	increases	increase	NOUN
afbr-76	107	33	.	.	PUNCT
afbr-76	108	1	the	the	DET
afbr-76	108	2	relative	relative	ADJ
afbr-76	108	3	improvement	improvement	NOUN
afbr-76	108	4	in	in	ADP
afbr-76	108	5	the	the	DET
afbr-76	108	6	performance	performance	NOUN
afbr-76	108	7	of	of	ADP
afbr-76	108	8	the	the	DET
afbr-76	108	9	major	major	ADJ
afbr-76	108	10	key	key	ADJ
afbr-76	108	11	indicators	indicator	NOUN
afbr-76	108	12	can	can	AUX
afbr-76	108	13	be	be	AUX
afbr-76	108	14	attributed	attribute	VERB
afbr-76	108	15	to	to	ADP
afbr-76	108	16	the	the	DET
afbr-76	108	17	establishment	establishment	NOUN
afbr-76	108	18	of	of	ADP
afbr-76	108	19	second	second	ADJ
afbr-76	108	20	-	-	PUNCT
afbr-76	108	21	tier	tier	NOUN
afbr-76	108	22	securities	security	NOUN
afbr-76	108	23	market	market	NOUN
afbr-76	108	24	(	(	PUNCT
afbr-76	108	25	ssm	ssm	PROPN
afbr-76	108	26	)	)	PUNCT
afbr-76	108	27	in	in	ADP
afbr-76	108	28	1985	1985	NUM
afbr-76	108	29	;	;	PUNCT
afbr-76	108	30	the	the	DET
afbr-76	108	31	deregulation	deregulation	NOUN
afbr-76	108	32	of	of	ADP
afbr-76	108	33	interest	interest	NOUN
afbr-76	108	34	rates	rate	NOUN
afbr-76	108	35	in	in	ADP
afbr-76	108	36	1987	1987	NUM
afbr-76	108	37	,	,	PUNCT
afbr-76	108	38	the	the	DET
afbr-76	108	39	continuous	continuous	ADJ
afbr-76	108	40	privatization	privatization	NOUN
afbr-76	108	41	of	of	ADP
afbr-76	108	42	government	government	NOUN
afbr-76	108	43	owned	own	VERB
afbr-76	108	44	companies	company	NOUN
afbr-76	108	45	,	,	PUNCT
afbr-76	108	46	improvement	improvement	NOUN
afbr-76	108	47	in	in	ADP
afbr-76	108	48	market	market	NOUN
afbr-76	108	49	infrastructure	infrastructure	NOUN
afbr-76	108	50	/	/	SYM
afbr-76	108	51	innovation	innovation	NOUN
afbr-76	108	52	;	;	PUNCT
afbr-76	108	53	as	as	ADV
afbr-76	108	54	well	well	ADV
afbr-76	108	55	as	as	ADP
afbr-76	108	56	the	the	DET
afbr-76	108	57	reform	reform	NOUN
afbr-76	108	58	in	in	ADP
afbr-76	108	59	the	the	DET
afbr-76	108	60	nigerian	nigerian	ADJ
afbr-76	108	61	banking	banking	NOUN
afbr-76	108	62	industry	industry	NOUN
afbr-76	108	63	.	.	PUNCT
afbr-76	109	1	these	these	DET
afbr-76	109	2	developments	development	NOUN
afbr-76	109	3	have	have	AUX
afbr-76	109	4	enhanced	enhance	VERB
afbr-76	109	5	market	market	NOUN
afbr-76	109	6	liquidity	liquidity	NOUN
afbr-76	109	7	;	;	PUNCT
afbr-76	109	8	offered	offer	VERB
afbr-76	109	9	opportunities	opportunity	NOUN
afbr-76	109	10	for	for	ADP
afbr-76	109	11	price	price	NOUN
afbr-76	109	12	discovery	discovery	NOUN
afbr-76	109	13	;	;	PUNCT
afbr-76	109	14	improved	improve	VERB
afbr-76	109	15	market	market	NOUN
afbr-76	109	16	efficiency	efficiency	NOUN
afbr-76	109	17	in	in	ADP
afbr-76	109	18	service	service	NOUN
afbr-76	109	19	delivery	delivery	NOUN
afbr-76	109	20	;	;	PUNCT
afbr-76	109	21	and	and	CCONJ
afbr-76	109	22	above	above	ADP
afbr-76	109	23	all	all	PRON
afbr-76	109	24	resulted	result	VERB
afbr-76	109	25	in	in	ADP
afbr-76	109	26	unprecedented	unprecedented	ADJ
afbr-76	109	27	growth	growth	NOUN
afbr-76	109	28	of	of	ADP
afbr-76	109	29	both	both	CCONJ
afbr-76	109	30	the	the	DET
afbr-76	109	31	primary	primary	ADJ
afbr-76	109	32	and	and	CCONJ
afbr-76	109	33	secondary	secondary	ADJ
afbr-76	109	34	markets	market	NOUN
afbr-76	109	35	(	(	PUNCT
afbr-76	109	36	onyiuke	onyiuke	NUM
afbr-76	109	37	,	,	PUNCT
afbr-76	109	38	2009	2009	NUM
afbr-76	109	39	)	)	PUNCT
afbr-76	109	40	.	.	PUNCT
afbr-76	110	1	the	the	DET
afbr-76	110	2	deregulation	deregulation	NOUN
afbr-76	110	3	of	of	ADP
afbr-76	110	4	interest	interest	NOUN
afbr-76	110	5	rates	rate	NOUN
afbr-76	110	6	,	,	PUNCT
afbr-76	110	7	as	as	ADV
afbr-76	110	8	well	well	ADV
afbr-76	110	9	as	as	ADP
afbr-76	110	10	the	the	DET
afbr-76	110	11	massive	massive	ADJ
afbr-76	110	12	bank	bank	NOUN
afbr-76	110	13	failure	failure	NOUN
afbr-76	110	14	in	in	ADP
afbr-76	110	15	the	the	DET
afbr-76	110	16	late	late	ADJ
afbr-76	110	17	1990	1990	NUM
afbr-76	110	18	’s	’	VERB
afbr-76	110	19	made	make	VERB
afbr-76	110	20	many	many	ADJ
afbr-76	110	21	private	private	ADJ
afbr-76	110	22	enterprises	enterprise	NOUN
afbr-76	110	23	/	/	SYM
afbr-76	110	24	investors	investor	NOUN
afbr-76	110	25	to	to	PART
afbr-76	110	26	patronize	patronize	VERB
afbr-76	110	27	the	the	DET
afbr-76	110	28	equity	equity	NOUN
afbr-76	110	29	market	market	NOUN
afbr-76	110	30	to	to	PART
afbr-76	110	31	source	source	VERB
afbr-76	110	32	funds	fund	NOUN
afbr-76	110	33	,	,	PUNCT
afbr-76	110	34	as	as	SCONJ
afbr-76	110	35	bank	bank	NOUN
afbr-76	110	36	lending	lending	NOUN
afbr-76	110	37	became	become	VERB
afbr-76	110	38	relatively	relatively	ADV
afbr-76	110	39	expensive	expensive	ADJ
afbr-76	110	40	.	.	PUNCT
afbr-76	111	1	from	from	ADP
afbr-76	111	2	91	91	NUM
afbr-76	111	3	in	in	ADP
afbr-76	111	4	1980	1980	NUM
afbr-76	111	5	,	,	PUNCT
afbr-76	111	6	the	the	DET
afbr-76	111	7	number	number	NOUN
afbr-76	111	8	of	of	ADP
afbr-76	111	9	companies	company	NOUN
afbr-76	111	10	listed	list	VERB
afbr-76	111	11	on	on	ADP
afbr-76	111	12	exchange	exchange	NOUN
afbr-76	111	13	(	(	PUNCT
afbr-76	111	14	equities	equity	NOUN
afbr-76	111	15	)	)	PUNCT
afbr-76	111	16	rose	rise	VERB
afbr-76	111	17	by	by	ADP
afbr-76	111	18	114	114	NUM
afbr-76	111	19	%	%	NOUN
afbr-76	111	20	to	to	ADP
afbr-76	111	21	214	214	NUM
afbr-76	111	22	in	in	ADP
afbr-76	111	23	2005	2005	NUM
afbr-76	111	24	,	,	PUNCT
afbr-76	111	25	but	but	CCONJ
afbr-76	111	26	declined	decline	VERB
afbr-76	111	27	to	to	ADP
afbr-76	111	28	202	202	NUM
afbr-76	111	29	in	in	ADP
afbr-76	111	30	2006	2006	NUM
afbr-76	111	31	as	as	SCONJ
afbr-76	111	32	some	some	DET
afbr-76	111	33	quoted	quote	VERB
afbr-76	111	34	banks	bank	NOUN
afbr-76	111	35	were	be	AUX
afbr-76	111	36	involved	involve	VERB
afbr-76	111	37	in	in	ADP
afbr-76	111	38	mergers	merger	NOUN
afbr-76	111	39	,	,	PUNCT
afbr-76	111	40	acquisitions	acquisition	NOUN
afbr-76	111	41	in	in	ADP
afbr-76	111	42	the	the	DET
afbr-76	111	43	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-76	111	44	australian	australian	ADJ
afbr-76	111	45	finance	finance	PROPN
afbr-76	111	46	&	&	CCONJ
afbr-76	111	47	banking	banking	PROPN
afbr-76	111	48	review	review	PROPN
afbr-76	111	49	vol	vol	NOUN
afbr-76	111	50	.	.	PROPN
afbr-76	112	1	2	2	NUM
afbr-76	112	2	,	,	PUNCT
afbr-76	112	3	no	no	INTJ
afbr-76	112	4	.	.	NOUN
afbr-76	112	5	1	1	NUM
afbr-76	112	6	;	;	PUNCT
afbr-76	112	7	2018	2018	NUM
afbr-76	112	8	15	15	NUM
afbr-76	112	9	2005/2006	2005/2006	NUM
afbr-76	112	10	recapitalization	recapitalization	NOUN
afbr-76	112	11	exercise	exercise	NOUN
afbr-76	112	12	in	in	ADP
afbr-76	112	13	the	the	DET
afbr-76	112	14	banking	banking	NOUN
afbr-76	112	15	sector	sector	NOUN
afbr-76	112	16	,	,	PUNCT
afbr-76	112	17	while	while	SCONJ
afbr-76	112	18	those	those	PRON
afbr-76	112	19	that	that	PRON
afbr-76	112	20	were	be	AUX
afbr-76	112	21	unsuccessful	unsuccessful	ADJ
afbr-76	112	22	were	be	AUX
afbr-76	112	23	di	di	NOUN
afbr-76	112	24	-	-	VERB
afbr-76	112	25	listed	list	VERB
afbr-76	112	26	from	from	ADP
afbr-76	112	27	the	the	DET
afbr-76	112	28	stock	stock	NOUN
afbr-76	112	29	exchange	exchange	NOUN
afbr-76	112	30	.	.	PUNCT
afbr-76	113	1	the	the	DET
afbr-76	113	2	growth	growth	NOUN
afbr-76	113	3	of	of	ADP
afbr-76	113	4	listed	list	VERB
afbr-76	113	5	companies	company	NOUN
afbr-76	113	6	coupled	couple	VERB
afbr-76	113	7	with	with	ADP
afbr-76	113	8	greater	great	ADJ
afbr-76	113	9	awareness	awareness	NOUN
afbr-76	113	10	on	on	ADP
afbr-76	113	11	the	the	DET
afbr-76	113	12	part	part	NOUN
afbr-76	113	13	of	of	ADP
afbr-76	113	14	investors	investor	NOUN
afbr-76	113	15	resulted	result	VERB
afbr-76	113	16	in	in	ADP
afbr-76	113	17	increase	increase	NOUN
afbr-76	113	18	in	in	ADP
afbr-76	113	19	the	the	DET
afbr-76	113	20	number	number	NOUN
afbr-76	113	21	of	of	ADP
afbr-76	113	22	securities	security	NOUN
afbr-76	113	23	issued	issue	VERB
afbr-76	113	24	and	and	CCONJ
afbr-76	113	25	traded	trade	VERB
afbr-76	113	26	in	in	ADP
afbr-76	113	27	the	the	DET
afbr-76	113	28	market	market	NOUN
afbr-76	113	29	.	.	PUNCT
afbr-76	114	1	this	this	PRON
afbr-76	114	2	also	also	ADV
afbr-76	114	3	contributed	contribute	VERB
afbr-76	114	4	in	in	ADP
afbr-76	114	5	the	the	DET
afbr-76	114	6	increase	increase	NOUN
afbr-76	114	7	in	in	ADP
afbr-76	114	8	market	market	NOUN
afbr-76	114	9	capitalization	capitalization	NOUN
afbr-76	114	10	,	,	PUNCT
afbr-76	114	11	which	which	PRON
afbr-76	114	12	grew	grow	VERB
afbr-76	114	13	from	from	ADP
afbr-76	114	14	n5.0	n5.0	PROPN
afbr-76	114	15	billion	billion	NUM
afbr-76	114	16	in	in	ADP
afbr-76	114	17	1981	1981	NUM
afbr-76	114	18	to	to	ADP
afbr-76	114	19	n13.3	n13.3	ADJ
afbr-76	114	20	trillion	trillion	NUM
afbr-76	114	21	in	in	ADP
afbr-76	114	22	2007	2007	NUM
afbr-76	114	23	,	,	PUNCT
afbr-76	114	24	over	over	ADP
afbr-76	114	25	twenty	twenty	NUM
afbr-76	114	26	-	-	PUNCT
afbr-76	114	27	fold	fold	ADJ
afbr-76	114	28	increase	increase	NOUN
afbr-76	114	29	.	.	PUNCT
afbr-76	115	1	the	the	DET
afbr-76	115	2	phenomenal	phenomenal	ADJ
afbr-76	115	3	growth	growth	NOUN
afbr-76	115	4	notwithstanding	notwithstanding	ADV
afbr-76	115	5	,	,	PUNCT
afbr-76	115	6	the	the	DET
afbr-76	115	7	market	market	NOUN
afbr-76	115	8	capitalization	capitalization	NOUN
afbr-76	115	9	represents	represent	VERB
afbr-76	115	10	about	about	ADV
afbr-76	115	11	56.0	56.0	NUM
afbr-76	115	12	percent	percent	NOUN
afbr-76	115	13	of	of	ADP
afbr-76	115	14	gdp	gdp	NOUN
afbr-76	115	15	,	,	PUNCT
afbr-76	115	16	compared	compare	VERB
afbr-76	115	17	to	to	ADP
afbr-76	115	18	167.1	167.1	NUM
afbr-76	115	19	percent	percent	NOUN
afbr-76	115	20	for	for	ADP
afbr-76	115	21	south	south	PROPN
afbr-76	115	22	africa	africa	PROPN
afbr-76	115	23	,	,	PUNCT
afbr-76	115	24	and	and	CCONJ
afbr-76	115	25	130.0	130.0	NUM
afbr-76	115	26	percent	percent	NOUN
afbr-76	115	27	for	for	ADP
afbr-76	115	28	malaysia	malaysia	PROPN
afbr-76	115	29	.	.	PUNCT
afbr-76	116	1	this	this	PRON
afbr-76	116	2	indicates	indicate	VERB
afbr-76	116	3	that	that	SCONJ
afbr-76	116	4	the	the	DET
afbr-76	116	5	potentials	potential	NOUN
afbr-76	116	6	for	for	ADP
afbr-76	116	7	growth	growth	NOUN
afbr-76	116	8	in	in	ADP
afbr-76	116	9	the	the	DET
afbr-76	116	10	nigerian	nigerian	ADJ
afbr-76	116	11	capital	capital	NOUN
afbr-76	116	12	market	market	NOUN
afbr-76	116	13	is	be	AUX
afbr-76	116	14	still	still	ADV
afbr-76	116	15	very	very	ADV
afbr-76	116	16	enormous	enormous	ADJ
afbr-76	116	17	(	(	PUNCT
afbr-76	116	18	central	central	ADJ
afbr-76	116	19	bank	bank	NOUN
afbr-76	116	20	of	of	ADP
afbr-76	116	21	nigeria	nigeria	PROPN
afbr-76	116	22	,	,	PUNCT
afbr-76	116	23	2008	2008	NUM
afbr-76	116	24	)	)	PUNCT
afbr-76	116	25	.	.	PUNCT
afbr-76	117	1	the	the	DET
afbr-76	117	2	trend	trend	NOUN
afbr-76	117	3	in	in	ADP
afbr-76	117	4	the	the	DET
afbr-76	117	5	new	new	ADJ
afbr-76	117	6	issues	issue	NOUN
afbr-76	117	7	market	market	NOUN
afbr-76	117	8	was	be	AUX
afbr-76	117	9	one	one	NUM
afbr-76	117	10	of	of	ADP
afbr-76	117	11	fluctuations	fluctuation	NOUN
afbr-76	117	12	between	between	ADP
afbr-76	117	13	1980	1980	NUM
afbr-76	117	14	and	and	CCONJ
afbr-76	117	15	2000	2000	NUM
afbr-76	117	16	,	,	PUNCT
afbr-76	117	17	and	and	CCONJ
afbr-76	117	18	general	general	ADJ
afbr-76	117	19	improvement	improvement	NOUN
afbr-76	117	20	thereafter	thereafter	ADV
afbr-76	117	21	.	.	PUNCT
afbr-76	118	1	indeed	indeed	ADV
afbr-76	118	2	,	,	PUNCT
afbr-76	118	3	the	the	DET
afbr-76	118	4	entry	entry	NOUN
afbr-76	118	5	of	of	ADP
afbr-76	118	6	some	some	DET
afbr-76	118	7	corporate	corporate	ADJ
afbr-76	118	8	entities	entity	NOUN
afbr-76	118	9	into	into	ADP
afbr-76	118	10	the	the	DET
afbr-76	118	11	nigerian	nigerian	ADJ
afbr-76	118	12	capital	capital	NOUN
afbr-76	118	13	market	market	NOUN
afbr-76	118	14	after	after	ADP
afbr-76	118	15	deregulation	deregulation	NOUN
afbr-76	118	16	of	of	ADP
afbr-76	118	17	the	the	DET
afbr-76	118	18	market	market	NOUN
afbr-76	118	19	contributed	contribute	VERB
afbr-76	118	20	to	to	ADP
afbr-76	118	21	the	the	DET
afbr-76	118	22	upsurge	upsurge	NOUN
afbr-76	118	23	witnessed	witness	VERB
afbr-76	118	24	in	in	ADP
afbr-76	118	25	the	the	DET
afbr-76	118	26	market	market	NOUN
afbr-76	118	27	between	between	ADP
afbr-76	118	28	1986	1986	NUM
afbr-76	118	29	and	and	CCONJ
afbr-76	118	30	2006	2006	NUM
afbr-76	118	31	.	.	PUNCT
afbr-76	119	1	following	follow	VERB
afbr-76	119	2	the	the	DET
afbr-76	119	3	banks	bank	NOUN
afbr-76	119	4	’	'	PUNCT
afbr-76	119	5	recapitalization	recapitalization	NOUN
afbr-76	119	6	exercise	exercise	NOUN
afbr-76	119	7	in	in	ADP
afbr-76	119	8	2004	2004	NUM
afbr-76	119	9	,	,	PUNCT
afbr-76	119	10	the	the	DET
afbr-76	119	11	tempo	tempo	NOUN
afbr-76	119	12	of	of	ADP
afbr-76	119	13	activities	activity	NOUN
afbr-76	119	14	in	in	ADP
afbr-76	119	15	the	the	DET
afbr-76	119	16	new	new	ADJ
afbr-76	119	17	issues	issue	NOUN
afbr-76	119	18	market	market	NOUN
afbr-76	119	19	was	be	AUX
afbr-76	119	20	very	very	ADV
afbr-76	119	21	high	high	ADJ
afbr-76	119	22	in	in	ADP
afbr-76	119	23	2005	2005	NUM
afbr-76	119	24	and	and	CCONJ
afbr-76	119	25	2006	2006	NUM
afbr-76	119	26	,	,	PUNCT
afbr-76	119	27	as	as	SCONJ
afbr-76	119	28	many	many	ADJ
afbr-76	119	29	banks	bank	NOUN
afbr-76	119	30	and	and	CCONJ
afbr-76	119	31	insurance	insurance	NOUN
afbr-76	119	32	companies	company	NOUN
afbr-76	119	33	approached	approach	VERB
afbr-76	119	34	the	the	DET
afbr-76	119	35	stock	stock	NOUN
afbr-76	119	36	,	,	PUNCT
afbr-76	119	37	market	market	NOUN
afbr-76	119	38	to	to	PART
afbr-76	119	39	raise	raise	VERB
afbr-76	119	40	additional	additional	ADJ
afbr-76	119	41	funds	fund	NOUN
afbr-76	119	42	.	.	PUNCT
afbr-76	120	1	consequently	consequently	ADV
afbr-76	120	2	,	,	PUNCT
afbr-76	120	3	the	the	DET
afbr-76	120	4	exchange	exchange	NOUN
afbr-76	120	5	considered	consider	VERB
afbr-76	120	6	and	and	CCONJ
afbr-76	120	7	approved	approve	VERB
afbr-76	120	8	62	62	NUM
afbr-76	120	9	applications	application	NOUN
afbr-76	120	10	for	for	ADP
afbr-76	120	11	new	new	ADJ
afbr-76	120	12	issues	issue	NOUN
afbr-76	120	13	,	,	PUNCT
afbr-76	120	14	valued	value	VERB
afbr-76	120	15	at	at	ADP
afbr-76	120	16	n1.4trillion	n1.4trillion	NOUN
afbr-76	120	17	in	in	ADP
afbr-76	120	18	2006	2006	NUM
afbr-76	120	19	,	,	PUNCT
afbr-76	120	20	compared	compare	VERB
afbr-76	120	21	with	with	ADP
afbr-76	120	22	52	52	NUM
afbr-76	120	23	applications	application	NOUN
afbr-76	120	24	for	for	ADP
afbr-76	120	25	new	new	ADJ
afbr-76	120	26	issues	issue	NOUN
afbr-76	120	27	,	,	PUNCT
afbr-76	120	28	valued	value	VERB
afbr-76	120	29	at	at	ADP
afbr-76	120	30	n703.5	n703.5	PROPN
afbr-76	120	31	billion	billion	NUM
afbr-76	120	32	in	in	ADP
afbr-76	120	33	2005	2005	NUM
afbr-76	120	34	.	.	PUNCT
afbr-76	121	1	the	the	DET
afbr-76	121	2	non	non	ADJ
afbr-76	121	3	-	-	ADJ
afbr-76	121	4	bank	bank	ADJ
afbr-76	121	5	corporate	corporate	ADJ
afbr-76	121	6	issues	issue	NOUN
afbr-76	121	7	accounted	account	VERB
afbr-76	121	8	for	for	ADP
afbr-76	121	9	41	41	NUM
afbr-76	121	10	percent	percent	NOUN
afbr-76	121	11	with	with	ADP
afbr-76	121	12	21	21	NUM
afbr-76	121	13	applications	application	NOUN
afbr-76	121	14	valued	value	VERB
afbr-76	121	15	at	at	ADP
afbr-76	121	16	n577	n577	PROPN
afbr-76	121	17	billion	billion	NUM
afbr-76	121	18	.	.	PUNCT
afbr-76	122	1	the	the	DET
afbr-76	122	2	federal	federal	ADJ
afbr-76	122	3	government	government	NOUN
afbr-76	122	4	bonds	bond	NOUN
afbr-76	122	5	issue	issue	NOUN
afbr-76	122	6	amounted	amount	VERB
afbr-76	122	7	to	to	ADP
afbr-76	122	8	n155.0	n155.0	PROPN
afbr-76	122	9	billion	billion	NUM
afbr-76	122	10	and	and	CCONJ
afbr-76	122	11	accounted	account	VERB
afbr-76	122	12	for	for	ADP
afbr-76	122	13	11.0	11.0	NUM
afbr-76	122	14	percent	percent	NOUN
afbr-76	122	15	of	of	ADP
afbr-76	122	16	the	the	DET
afbr-76	122	17	total	total	NOUN
afbr-76	122	18	;	;	PUNCT
afbr-76	122	19	while	while	SCONJ
afbr-76	122	20	n39.28	n39.28	PROPN
afbr-76	122	21	billion	billion	NUM
afbr-76	122	22	,	,	PUNCT
afbr-76	122	23	n6.94	n6.94	PROPN
afbr-76	122	24	billion	billion	NUM
afbr-76	122	25	and	and	CCONJ
afbr-76	122	26	n140.0	n140.0	PRON
afbr-76	122	27	billion	billion	NUM
afbr-76	122	28	were	be	AUX
afbr-76	122	29	from	from	ADP
afbr-76	122	30	private	private	ADJ
afbr-76	122	31	placements	placement	NOUN
afbr-76	122	32	,	,	PUNCT
afbr-76	122	33	debt	debt	NOUN
afbr-76	122	34	stocks	stock	NOUN
afbr-76	122	35	and	and	CCONJ
afbr-76	122	36	federal	federal	ADJ
afbr-76	122	37	government	government	NOUN
afbr-76	122	38	bond	bond	NOUN
afbr-76	122	39	(	(	PUNCT
afbr-76	122	40	in	in	ADP
afbr-76	122	41	7	7	NUM
afbr-76	122	42	series	series	NOUN
afbr-76	122	43	)	)	PUNCT
afbr-76	122	44	,	,	PUNCT
afbr-76	122	45	respectively	respectively	ADV
afbr-76	122	46	.	.	PUNCT
afbr-76	123	1	in	in	ADP
afbr-76	123	2	2008	2008	NUM
afbr-76	123	3	,	,	PUNCT
afbr-76	123	4	the	the	DET
afbr-76	123	5	exchange	exchange	NOUN
afbr-76	123	6	considered	consider	VERB
afbr-76	123	7	and	and	CCONJ
afbr-76	123	8	approved	approve	VERB
afbr-76	123	9	70	70	NUM
afbr-76	123	10	applications	application	NOUN
afbr-76	123	11	for	for	ADP
afbr-76	123	12	new	new	ADJ
afbr-76	123	13	issues	issue	NOUN
afbr-76	123	14	and	and	CCONJ
afbr-76	123	15	mergers	merger	NOUN
afbr-76	123	16	to	to	ADP
afbr-76	123	17	acquisition	acquisition	NOUN
afbr-76	123	18	in	in	ADP
afbr-76	123	19	excess	excess	NOUN
afbr-76	123	20	of	of	ADP
afbr-76	123	21	n2.2	n2.2	NOUN
afbr-76	123	22	million	million	NUM
afbr-76	123	23	or	or	CCONJ
afbr-76	123	24	9.53	9.53	NUM
afbr-76	123	25	%	%	NOUN
afbr-76	123	26	of	of	ADP
afbr-76	123	27	gdp	gdp	NOUN
afbr-76	123	28	,	,	PUNCT
afbr-76	123	29	as	as	ADP
afbr-76	123	30	against	against	ADP
afbr-76	123	31	65	65	NUM
afbr-76	123	32	applications	application	NOUN
afbr-76	123	33	for	for	ADP
afbr-76	123	34	new	new	ADJ
afbr-76	123	35	issues	issue	NOUN
afbr-76	123	36	valued	value	VERB
afbr-76	123	37	at	at	ADP
afbr-76	123	38	n779.8	n779.8	NOUN
afbr-76	123	39	billion	billion	NUM
afbr-76	123	40	.	.	PUNCT
afbr-76	124	1	government	government	NOUN
afbr-76	124	2	bond	bond	NOUN
afbr-76	124	3	issue	issue	NOUN
afbr-76	124	4	accounted	account	VERB
afbr-76	124	5	for	for	ADP
afbr-76	124	6	n272	n272	PROPN
afbr-76	124	7	billion	billion	NUM
afbr-76	124	8	or	or	CCONJ
afbr-76	124	9	12.62	12.62	NUM
afbr-76	124	10	%	%	NOUN
afbr-76	124	11	of	of	ADP
afbr-76	124	12	total	total	ADJ
afbr-76	124	13	amount	amount	NOUN
afbr-76	124	14	approved	approve	VERB
afbr-76	124	15	during	during	ADP
afbr-76	124	16	the	the	DET
afbr-76	124	17	year	year	NOUN
afbr-76	124	18	.	.	PUNCT
afbr-76	125	1	of	of	ADP
afbr-76	125	2	the	the	DET
afbr-76	125	3	non	non	ADJ
afbr-76	125	4	-	-	ADJ
afbr-76	125	5	bank	bank	ADJ
afbr-76	125	6	application	application	NOUN
afbr-76	125	7	,	,	PUNCT
afbr-76	125	8	foreign	foreign	ADJ
afbr-76	125	9	listing	listing	NOUN
afbr-76	125	10	and	and	CCONJ
afbr-76	125	11	insurance	insurance	NOUN
afbr-76	125	12	subsectors	subsector	NOUN
afbr-76	125	13	accounted	account	VERB
afbr-76	125	14	for	for	ADP
afbr-76	125	15	n295	n295	PROPN
afbr-76	125	16	billion	billion	NUM
afbr-76	125	17	and	and	CCONJ
afbr-76	125	18	n150.45	n150.45	VERB
afbr-76	125	19	billion	billion	NUM
afbr-76	125	20	or	or	CCONJ
afbr-76	125	21	13.54	13.54	NUM
afbr-76	125	22	%	%	NOUN
afbr-76	125	23	and	and	CCONJ
afbr-76	125	24	6.9	6.9	NUM
afbr-76	125	25	%	%	NOUN
afbr-76	125	26	respectively	respectively	ADV
afbr-76	125	27	of	of	ADP
afbr-76	125	28	total	total	ADJ
afbr-76	125	29	applications	application	NOUN
afbr-76	125	30	considered	consider	VERB
afbr-76	125	31	(	(	PUNCT
afbr-76	125	32	nse	nse	NOUN
afbr-76	125	33	,	,	PUNCT
afbr-76	125	34	2009	2009	NUM
afbr-76	125	35	)	)	PUNCT
afbr-76	125	36	.	.	PUNCT
afbr-76	126	1	according	accord	VERB
afbr-76	126	2	to	to	ADP
afbr-76	126	3	sec	sec	PROPN
afbr-76	126	4	(	(	PUNCT
afbr-76	126	5	2008	2008	NUM
afbr-76	126	6	)	)	PUNCT
afbr-76	126	7	transactions	transaction	NOUN
afbr-76	126	8	in	in	ADP
afbr-76	126	9	the	the	DET
afbr-76	126	10	secondary	secondary	ADJ
afbr-76	126	11	segment	segment	NOUN
afbr-76	126	12	of	of	ADP
afbr-76	126	13	the	the	DET
afbr-76	126	14	market	market	NOUN
afbr-76	126	15	have	have	AUX
afbr-76	126	16	been	be	AUX
afbr-76	126	17	vibrant	vibrant	ADJ
afbr-76	126	18	in	in	ADP
afbr-76	126	19	recent	recent	ADJ
afbr-76	126	20	years	year	NOUN
afbr-76	126	21	as	as	SCONJ
afbr-76	126	22	the	the	DET
afbr-76	126	23	market	market	NOUN
afbr-76	126	24	has	have	AUX
afbr-76	126	25	witnessed	witness	VERB
afbr-76	126	26	substantial	substantial	ADJ
afbr-76	126	27	growth	growth	NOUN
afbr-76	126	28	in	in	ADP
afbr-76	126	29	turnover	turnover	NOUN
afbr-76	126	30	.	.	PUNCT
afbr-76	127	1	this	this	DET
afbr-76	127	2	development	development	NOUN
afbr-76	127	3	followed	follow	VERB
afbr-76	127	4	the	the	DET
afbr-76	127	5	automation	automation	NOUN
afbr-76	127	6	of	of	ADP
afbr-76	127	7	processes	process	NOUN
afbr-76	127	8	,	,	PUNCT
afbr-76	127	9	increased	increase	VERB
afbr-76	127	10	local	local	ADJ
afbr-76	127	11	awareness	awareness	NOUN
afbr-76	127	12	of	of	ADP
afbr-76	127	13	opportunities	opportunity	NOUN
afbr-76	127	14	on	on	ADP
afbr-76	127	15	the	the	DET
afbr-76	127	16	nigerian	nigerian	ADJ
afbr-76	127	17	stock	stock	NOUN
afbr-76	127	18	market	market	NOUN
afbr-76	127	19	as	as	ADV
afbr-76	127	20	well	well	ADV
afbr-76	127	21	as	as	ADP
afbr-76	127	22	the	the	DET
afbr-76	127	23	continued	continue	VERB
afbr-76	127	24	effort	effort	NOUN
afbr-76	127	25	at	at	ADP
afbr-76	127	26	internalization	internalization	NOUN
afbr-76	127	27	of	of	ADP
afbr-76	127	28	the	the	DET
afbr-76	127	29	market	market	NOUN
afbr-76	127	30	.	.	PUNCT
afbr-76	128	1	for	for	ADP
afbr-76	128	2	instance	instance	NOUN
afbr-76	128	3	,	,	PUNCT
afbr-76	128	4	the	the	DET
afbr-76	128	5	volume	volume	NOUN
afbr-76	128	6	of	of	ADP
afbr-76	128	7	transaction	transaction	NOUN
afbr-76	128	8	rose	rise	VERB
afbr-76	128	9	by	by	ADP
afbr-76	128	10	40.0	40.0	NUM
afbr-76	128	11	percent	percent	NOUN
afbr-76	128	12	to	to	ADP
afbr-76	128	13	26.7	26.7	NUM
afbr-76	128	14	billion	billion	NUM
afbr-76	128	15	shares	share	NOUN
afbr-76	128	16	in	in	ADP
afbr-76	128	17	2005	2005	NUM
afbr-76	128	18	from	from	ADP
afbr-76	128	19	19.2	19.2	NUM
afbr-76	128	20	billion	billion	NUM
afbr-76	128	21	shares	share	NOUN
afbr-76	128	22	in	in	ADP
afbr-76	128	23	2004	2004	NUM
afbr-76	128	24	,	,	PUNCT
afbr-76	128	25	while	while	SCONJ
afbr-76	128	26	the	the	DET
afbr-76	128	27	value	value	NOUN
afbr-76	128	28	stood	stand	VERB
afbr-76	128	29	at	at	ADP
afbr-76	128	30	n262.9	n262.9	PROPN
afbr-76	128	31	billion	billion	NUM
afbr-76	128	32	,	,	PUNCT
afbr-76	128	33	up	up	ADV
afbr-76	128	34	by	by	ADP
afbr-76	128	35	16.4	16.4	NUM
afbr-76	128	36	percent	percent	NOUN
afbr-76	128	37	from	from	ADP
afbr-76	128	38	n225.8	n225.8	PROPN
afbr-76	128	39	billion	billion	NUM
afbr-76	128	40	in	in	ADP
afbr-76	128	41	2004	2004	NUM
afbr-76	128	42	.	.	PUNCT
afbr-76	129	1	in	in	ADP
afbr-76	129	2	2006	2006	NUM
afbr-76	129	3	the	the	DET
afbr-76	129	4	total	total	ADJ
afbr-76	129	5	turnover	turnover	NOUN
afbr-76	129	6	was	be	AUX
afbr-76	129	7	36.7	36.7	NUM
afbr-76	129	8	billion	billion	NUM
afbr-76	129	9	shares	share	NOUN
afbr-76	129	10	,	,	PUNCT
afbr-76	129	11	indicating	indicate	VERB
afbr-76	129	12	an	an	DET
afbr-76	129	13	increase	increase	NOUN
afbr-76	129	14	of	of	ADP
afbr-76	129	15	37.5	37.5	NUM
afbr-76	129	16	percent	percent	NOUN
afbr-76	129	17	over	over	ADP
afbr-76	129	18	the	the	DET
afbr-76	129	19	preceding	precede	VERB
afbr-76	129	20	year	year	NOUN
afbr-76	129	21	’s	’s	PART
afbr-76	129	22	level	level	NOUN
afbr-76	129	23	.	.	PUNCT
afbr-76	130	1	the	the	DET
afbr-76	130	2	year	year	NOUN
afbr-76	130	3	closed	close	VERB
afbr-76	130	4	with	with	ADP
afbr-76	130	5	a	a	DET
afbr-76	130	6	market	market	NOUN
afbr-76	130	7	turnover	turnover	NOUN
afbr-76	130	8	value	value	NOUN
afbr-76	130	9	of	of	ADP
afbr-76	130	10	n470.3	n470.3	PROPN
afbr-76	130	11	billion	billion	NUM
afbr-76	130	12	.	.	PUNCT
afbr-76	131	1	foreign	foreign	ADJ
afbr-76	131	2	portfolio	portfolio	NOUN
afbr-76	131	3	investment	investment	NOUN
afbr-76	131	4	the	the	DET
afbr-76	131	5	phenomenon	phenomenon	NOUN
afbr-76	131	6	of	of	ADP
afbr-76	131	7	foreign	foreign	ADJ
afbr-76	131	8	portfolio	portfolio	NOUN
afbr-76	131	9	investment	investment	NOUN
afbr-76	131	10	in	in	ADP
afbr-76	131	11	emerging	emerge	VERB
afbr-76	131	12	market	market	NOUN
afbr-76	131	13	economies	economy	NOUN
afbr-76	131	14	has	have	AUX
afbr-76	131	15	always	always	ADV
afbr-76	131	16	attracted	attract	VERB
afbr-76	131	17	the	the	DET
afbr-76	131	18	attention	attention	NOUN
afbr-76	131	19	of	of	ADP
afbr-76	131	20	writers	writer	NOUN
afbr-76	131	21	from	from	ADP
afbr-76	131	22	the	the	DET
afbr-76	131	23	theoretical	theoretical	ADJ
afbr-76	131	24	and	and	CCONJ
afbr-76	131	25	empirical	empirical	ADJ
afbr-76	131	26	perspective	perspective	NOUN
afbr-76	131	27	.	.	PUNCT
afbr-76	132	1	the	the	DET
afbr-76	132	2	benefits	benefit	NOUN
afbr-76	132	3	of	of	ADP
afbr-76	132	4	foreign	foreign	ADJ
afbr-76	132	5	portfolio	portfolio	NOUN
afbr-76	132	6	investment	investment	NOUN
afbr-76	132	7	(	(	PUNCT
afbr-76	132	8	fpi	fpi	PROPN
afbr-76	132	9	)	)	PUNCT
afbr-76	132	10	include	include	VERB
afbr-76	132	11	transfer	transfer	NOUN
afbr-76	132	12	of	of	ADP
afbr-76	132	13	technology	technology	NOUN
afbr-76	132	14	,	,	PUNCT
afbr-76	132	15	higher	high	ADJ
afbr-76	132	16	productivity	productivity	NOUN
afbr-76	132	17	,	,	PUNCT
afbr-76	132	18	higher	high	ADJ
afbr-76	132	19	incomes	income	NOUN
afbr-76	132	20	,	,	PUNCT
afbr-76	132	21	more	more	ADJ
afbr-76	132	22	revenues	revenue	NOUN
afbr-76	132	23	for	for	ADP
afbr-76	132	24	government	government	NOUN
afbr-76	132	25	through	through	ADP
afbr-76	132	26	taxes	taxis	NOUN
afbr-76	132	27	,	,	PUNCT
afbr-76	132	28	enhancement	enhancement	NOUN
afbr-76	132	29	of	of	ADP
afbr-76	132	30	balance	balance	NOUN
afbr-76	132	31	of	of	ADP
afbr-76	132	32	payment	payment	NOUN
afbr-76	132	33	ability	ability	NOUN
afbr-76	132	34	,	,	PUNCT
afbr-76	132	35	employment	employment	NOUN
afbr-76	132	36	generation	generation	NOUN
afbr-76	132	37	,	,	PUNCT
afbr-76	132	38	diversification	diversification	NOUN
afbr-76	132	39	of	of	ADP
afbr-76	132	40	the	the	DET
afbr-76	132	41	industrial	industrial	ADJ
afbr-76	132	42	base	base	NOUN
afbr-76	132	43	and	and	CCONJ
afbr-76	132	44	expansion	expansion	NOUN
afbr-76	132	45	,	,	PUNCT
afbr-76	132	46	modernization	modernization	NOUN
afbr-76	132	47	and	and	CCONJ
afbr-76	132	48	development	development	NOUN
afbr-76	132	49	of	of	ADP
afbr-76	132	50	related	relate	VERB
afbr-76	132	51	industries	industry	NOUN
afbr-76	132	52	.	.	PUNCT
afbr-76	133	1	according	accord	VERB
afbr-76	133	2	to	to	ADP
afbr-76	133	3	feldstein	feldstein	NOUN
afbr-76	133	4	(	(	PUNCT
afbr-76	133	5	2000	2000	NUM
afbr-76	133	6	)	)	PUNCT
afbr-76	133	7	,	,	PUNCT
afbr-76	133	8	first	first	ADV
afbr-76	133	9	,	,	PUNCT
afbr-76	133	10	international	international	ADJ
afbr-76	133	11	flows	flow	NOUN
afbr-76	133	12	of	of	ADP
afbr-76	133	13	capital	capital	NOUN
afbr-76	133	14	reduce	reduce	VERB
afbr-76	133	15	the	the	DET
afbr-76	133	16	risk	risk	NOUN
afbr-76	133	17	faced	face	VERB
afbr-76	133	18	by	by	ADP
afbr-76	133	19	owners	owner	NOUN
afbr-76	133	20	of	of	ADP
afbr-76	133	21	capital	capital	NOUN
afbr-76	133	22	by	by	ADP
afbr-76	133	23	allowing	allow	VERB
afbr-76	133	24	them	they	PRON
afbr-76	133	25	to	to	PART
afbr-76	133	26	diversify	diversify	VERB
afbr-76	133	27	their	their	PRON
afbr-76	133	28	lending	lending	NOUN
afbr-76	133	29	and	and	CCONJ
afbr-76	133	30	investment	investment	NOUN
afbr-76	133	31	.	.	PUNCT
afbr-76	134	1	second	second	ADJ
afbr-76	134	2	,	,	PUNCT
afbr-76	134	3	the	the	DET
afbr-76	134	4	global	global	ADJ
afbr-76	134	5	integration	integration	NOUN
afbr-76	134	6	of	of	ADP
afbr-76	134	7	capital	capital	NOUN
afbr-76	134	8	market	market	NOUN
afbr-76	134	9	can	can	AUX
afbr-76	134	10	contribute	contribute	VERB
afbr-76	134	11	to	to	ADP
afbr-76	134	12	the	the	DET
afbr-76	134	13	spread	spread	NOUN
afbr-76	134	14	of	of	ADP
afbr-76	134	15	best	good	ADJ
afbr-76	134	16	practices	practice	NOUN
afbr-76	134	17	in	in	ADP
afbr-76	134	18	corporate	corporate	ADJ
afbr-76	134	19	governance	governance	NOUN
afbr-76	134	20	,	,	PUNCT
afbr-76	134	21	accounting	accounting	NOUN
afbr-76	134	22	rules	rule	NOUN
afbr-76	134	23	and	and	CCONJ
afbr-76	134	24	legal	legal	ADJ
afbr-76	134	25	traditions	tradition	NOUN
afbr-76	134	26	.	.	PUNCT
afbr-76	135	1	proponents	proponent	NOUN
afbr-76	135	2	of	of	ADP
afbr-76	135	3	foreign	foreign	ADJ
afbr-76	135	4	portfolio	portfolio	NOUN
afbr-76	135	5	investment	investment	NOUN
afbr-76	135	6	picture	picture	NOUN
afbr-76	135	7	it	it	PRON
afbr-76	135	8	as	as	ADP
afbr-76	135	9	adding	add	VERB
afbr-76	135	10	new	new	ADJ
afbr-76	135	11	resources	resource	NOUN
afbr-76	135	12	/	/	SYM
afbr-76	135	13	capital	capital	NOUN
afbr-76	135	14	to	to	ADP
afbr-76	135	15	the	the	DET
afbr-76	135	16	host	host	NOUN
afbr-76	135	17	economy	economy	NOUN
afbr-76	135	18	in	in	ADP
afbr-76	135	19	a	a	DET
afbr-76	135	20	way	way	NOUN
afbr-76	135	21	that	that	PRON
afbr-76	135	22	improves	improve	VERB
afbr-76	135	23	efficiency	efficiency	NOUN
afbr-76	135	24	and	and	CCONJ
afbr-76	135	25	stimulates	stimulate	VERB
afbr-76	135	26	economic	economic	ADJ
afbr-76	135	27	growth	growth	NOUN
afbr-76	135	28	.	.	PUNCT
afbr-76	136	1	it	it	PRON
afbr-76	136	2	is	be	AUX
afbr-76	136	3	thus	thus	ADV
afbr-76	136	4	viewed	view	VERB
afbr-76	136	5	as	as	ADP
afbr-76	136	6	a	a	DET
afbr-76	136	7	panacea	panacea	NOUN
afbr-76	136	8	for	for	ADP
afbr-76	136	9	economic	economic	ADJ
afbr-76	136	10	development	development	NOUN
afbr-76	136	11	by	by	ADP
afbr-76	136	12	providing	provide	VERB
afbr-76	136	13	the	the	DET
afbr-76	136	14	capital	capital	NOUN
afbr-76	136	15	underdeveloped	underdeveloped	ADJ
afbr-76	136	16	countries	country	NOUN
afbr-76	136	17	desperately	desperately	ADV
afbr-76	136	18	need	need	VERB
afbr-76	136	19	to	to	PART
afbr-76	136	20	fill	fill	VERB
afbr-76	136	21	their	their	PRON
afbr-76	136	22	savings	saving	NOUN
afbr-76	136	23	-	-	PUNCT
afbr-76	136	24	investment	investment	NOUN
afbr-76	136	25	gap	gap	NOUN
afbr-76	136	26	.	.	PUNCT
afbr-76	137	1	from	from	ADP
afbr-76	137	2	the	the	DET
afbr-76	137	3	neoclassical	neoclassical	ADJ
afbr-76	137	4	theory	theory	NOUN
afbr-76	137	5	,	,	PUNCT
afbr-76	137	6	growth	growth	NOUN
afbr-76	137	7	is	be	AUX
afbr-76	137	8	achieved	achieve	VERB
afbr-76	137	9	by	by	ADP
afbr-76	137	10	increasing	increase	VERB
afbr-76	137	11	the	the	DET
afbr-76	137	12	quantity	quantity	NOUN
afbr-76	137	13	of	of	ADP
afbr-76	137	14	factors	factor	NOUN
afbr-76	137	15	of	of	ADP
afbr-76	137	16	production	production	NOUN
afbr-76	137	17	optimally	optimally	ADV
afbr-76	137	18	.	.	PUNCT
afbr-76	138	1	in	in	ADP
afbr-76	138	2	a	a	DET
afbr-76	138	3	simple	simple	ADJ
afbr-76	138	4	world	world	NOUN
afbr-76	138	5	of	of	ADP
afbr-76	138	6	two	two	NUM
afbr-76	138	7	factors	factor	NOUN
afbr-76	138	8	,	,	PUNCT
afbr-76	138	9	labour	labour	NOUN
afbr-76	138	10	and	and	CCONJ
afbr-76	138	11	capital	capital	NOUN
afbr-76	138	12	,	,	PUNCT
afbr-76	138	13	it	it	PRON
afbr-76	138	14	is	be	AUX
afbr-76	138	15	often	often	ADV
afbr-76	138	16	presumed	presume	VERB
afbr-76	138	17	that	that	SCONJ
afbr-76	138	18	lowincome	lowincome	NOUN
afbr-76	138	19	countries	country	NOUN
afbr-76	138	20	have	have	VERB
afbr-76	138	21	abundant	abundant	ADJ
afbr-76	138	22	labour	labour	NOUN
afbr-76	138	23	but	but	CCONJ
afbr-76	138	24	scarce	scarce	ADJ
afbr-76	138	25	capital	capital	NOUN
afbr-76	138	26	.	.	PUNCT
afbr-76	139	1	this	this	DET
afbr-76	139	2	situation	situation	NOUN
afbr-76	139	3	arises	arises	AUX
afbr-76	139	4	owing	owe	VERB
afbr-76	139	5	to	to	ADP
afbr-76	139	6	shortage	shortage	NOUN
afbr-76	139	7	of	of	ADP
afbr-76	139	8	domestic	domestic	ADJ
afbr-76	139	9	international	international	ADJ
afbr-76	139	10	journal	journal	NOUN
afbr-76	139	11	of	of	ADP
afbr-76	139	12	economic	economic	ADJ
afbr-76	139	13	development	development	NOUN
afbr-76	139	14	research	research	NOUN
afbr-76	139	15	and	and	CCONJ
afbr-76	139	16	investment	investment	NOUN
afbr-76	139	17	savings	saving	NOUN
afbr-76	139	18	in	in	ADP
afbr-76	139	19	these	these	DET
afbr-76	139	20	countries	country	NOUN
afbr-76	139	21	(	(	PUNCT
afbr-76	139	22	especially	especially	ADV
afbr-76	139	23	the	the	DET
afbr-76	139	24	developing	develop	VERB
afbr-76	139	25	countries	country	NOUN
afbr-76	139	26	)	)	PUNCT
afbr-76	139	27	,	,	PUNCT
afbr-76	139	28	which	which	PRON
afbr-76	139	29	places	place	VERB
afbr-76	139	30	constraint	constraint	NOUN
afbr-76	139	31	on	on	ADP
afbr-76	139	32	capital	capital	NOUN
afbr-76	139	33	formation	formation	NOUN
afbr-76	139	34	and	and	CCONJ
afbr-76	139	35	hence	hence	ADV
afbr-76	139	36	growth	growth	NOUN
afbr-76	139	37	.	.	PUNCT
afbr-76	140	1	even	even	ADV
afbr-76	140	2	where	where	SCONJ
afbr-76	140	3	domestic	domestic	ADJ
afbr-76	140	4	inputs	input	NOUN
afbr-76	140	5	in	in	ADP
afbr-76	140	6	addition	addition	NOUN
afbr-76	140	7	to	to	ADP
afbr-76	140	8	labour	labour	NOUN
afbr-76	140	9	,	,	PUNCT
afbr-76	140	10	are	be	AUX
afbr-76	140	11	readily	readily	ADV
afbr-76	140	12	available	available	ADJ
afbr-76	140	13	,	,	PUNCT
afbr-76	140	14	increased	increase	VERB
afbr-76	140	15	production	production	NOUN
afbr-76	140	16	may	may	AUX
afbr-76	140	17	be	be	AUX
afbr-76	140	18	limited	limit	VERB
afbr-76	140	19	by	by	ADP
afbr-76	140	20	scarcity	scarcity	NOUN
afbr-76	140	21	of	of	ADP
afbr-76	140	22	imported	import	VERB
afbr-76	140	23	inputs	input	NOUN
afbr-76	140	24	upon	upon	SCONJ
afbr-76	140	25	which	which	PRON
afbr-76	140	26	production	production	NOUN
afbr-76	140	27	processes	process	NOUN
afbr-76	140	28	in	in	ADP
afbr-76	140	29	lowincome	lowincome	NOUN
afbr-76	140	30	countries	country	NOUN
afbr-76	140	31	are	be	AUX
afbr-76	140	32	based	base	VERB
afbr-76	140	33	.	.	PUNCT
afbr-76	141	1	based	base	VERB
afbr-76	141	2	on	on	ADP
afbr-76	141	3	this	this	DET
afbr-76	141	4	fact	fact	NOUN
afbr-76	141	5	,	,	PUNCT
afbr-76	141	6	international	international	ADJ
afbr-76	141	7	capital	capital	NOUN
afbr-76	141	8	flows	flow	VERB
afbr-76	141	9	readily	readily	ADV
afbr-76	141	10	as	as	SCONJ
afbr-76	141	11	popularized	popularize	VERB
afbr-76	141	12	by	by	ADP
afbr-76	141	13	o'connor	o'connor	PROPN
afbr-76	141	14	and	and	CCONJ
afbr-76	141	15	iscariot	iscariot	PROPN
afbr-76	141	16	(	(	PUNCT
afbr-76	141	17	2010	2010	NUM
afbr-76	141	18	)	)	PUNCT
afbr-76	141	19	become	become	VERB
afbr-76	141	20	an	an	DET
afbr-76	141	21	important	important	ADJ
afbr-76	141	22	means	mean	NOUN
afbr-76	141	23	of	of	ADP
afbr-76	141	24	helping	help	VERB
afbr-76	141	25	developing	develop	VERB
afbr-76	141	26	countries	country	NOUN
afbr-76	141	27	to	to	PART
afbr-76	141	28	overcome	overcome	VERB
afbr-76	141	29	their	their	PRON
afbr-76	141	30	problem	problem	NOUN
afbr-76	141	31	of	of	ADP
afbr-76	141	32	capital	capital	NOUN
afbr-76	141	33	shortage	shortage	NOUN
afbr-76	141	34	.	.	PUNCT
afbr-76	142	1	as	as	ADP
afbr-76	142	2	lebragacio	lebragacio	X
afbr-76	142	3	(	(	PUNCT
afbr-76	142	4	2010	2010	NUM
afbr-76	142	5	)	)	PUNCT
afbr-76	142	6	suggests	suggest	VERB
afbr-76	142	7	that	that	SCONJ
afbr-76	142	8	capital	capital	NOUN
afbr-76	142	9	will	will	AUX
afbr-76	142	10	move	move	VERB
afbr-76	142	11	from	from	ADP
afbr-76	142	12	countries	country	NOUN
afbr-76	142	13	where	where	SCONJ
afbr-76	142	14	it	it	PRON
afbr-76	142	15	is	be	AUX
afbr-76	142	16	abundant	abundant	ADJ
afbr-76	142	17	to	to	ADP
afbr-76	142	18	countries	country	NOUN
afbr-76	142	19	where	where	SCONJ
afbr-76	142	20	it	it	PRON
afbr-76	142	21	is	be	AUX
afbr-76	142	22	scarce	scarce	ADJ
afbr-76	142	23	.	.	PUNCT
afbr-76	143	1	the	the	DET
afbr-76	143	2	resultant	resultant	NOUN
afbr-76	143	3	capital	capital	NOUN
afbr-76	143	4	relocation	relocation	NOUN
afbr-76	143	5	will	will	AUX
afbr-76	143	6	boost	boost	VERB
afbr-76	143	7	investment	investment	NOUN
afbr-76	143	8	in	in	ADP
afbr-76	143	9	the	the	DET
afbr-76	143	10	recipient	recipient	NOUN
afbr-76	143	11	country	country	NOUN
afbr-76	143	12	.	.	PUNCT
afbr-76	144	1	▪	▪	ADJ
afbr-76	144	2	macro	macro	ADJ
afbr-76	144	3	-	-	ADJ
afbr-76	144	4	economic	economic	ADJ
afbr-76	144	5	indicators	indicator	NOUN
afbr-76	144	6	and	and	CCONJ
afbr-76	144	7	foreign	foreign	ADJ
afbr-76	144	8	portfolio	portfolio	NOUN
afbr-76	144	9	investment	investment	NOUN
afbr-76	144	10	in	in	ADP
afbr-76	144	11	nigeria	nigeria	PROPN
afbr-76	144	12	lee	lee	PROPN
afbr-76	144	13	(	(	PUNCT
afbr-76	144	14	2007	2007	NUM
afbr-76	144	15	)	)	PUNCT
afbr-76	144	16	argued	argue	VERB
afbr-76	144	17	that	that	SCONJ
afbr-76	144	18	wide	wide	ADJ
afbr-76	144	19	range	range	NOUN
afbr-76	144	20	of	of	ADP
afbr-76	144	21	factors	factor	NOUN
afbr-76	144	22	has	have	AUX
afbr-76	144	23	been	be	AUX
afbr-76	144	24	adduced	adduce	VERB
afbr-76	144	25	to	to	PART
afbr-76	144	26	be	be	AUX
afbr-76	144	27	responsible	responsible	ADJ
afbr-76	144	28	for	for	ADP
afbr-76	144	29	the	the	DET
afbr-76	144	30	causal	causal	ADJ
afbr-76	144	31	effect	effect	NOUN
afbr-76	144	32	on	on	ADP
afbr-76	144	33	the	the	DET
afbr-76	144	34	international	international	ADJ
afbr-76	144	35	flows	flow	NOUN
afbr-76	144	36	of	of	ADP
afbr-76	144	37	foreign	foreign	ADJ
afbr-76	144	38	investment	investment	NOUN
afbr-76	144	39	.	.	PUNCT
afbr-76	145	1	nuntila	nuntila	NOUN
afbr-76	145	2	derusia	derusia	PROPN
afbr-76	145	3	(	(	PUNCT
afbr-76	145	4	2012	2012	NUM
afbr-76	145	5	)	)	PUNCT
afbr-76	145	6	opined	opine	VERB
afbr-76	145	7	that	that	DET
afbr-76	145	8	relative	relative	ADJ
afbr-76	145	9	low	low	ADJ
afbr-76	145	10	yields	yield	NOUN
afbr-76	145	11	in	in	ADP
afbr-76	145	12	industrial	industrial	ADJ
afbr-76	145	13	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-76	145	14	australian	australian	ADJ
afbr-76	145	15	finance	finance	PROPN
afbr-76	145	16	&	&	CCONJ
afbr-76	145	17	banking	banking	PROPN
afbr-76	145	18	review	review	PROPN
afbr-76	145	19	vol	vol	NOUN
afbr-76	145	20	.	.	PROPN
afbr-76	146	1	2	2	NUM
afbr-76	146	2	,	,	PUNCT
afbr-76	146	3	no	no	INTJ
afbr-76	146	4	.	.	NOUN
afbr-76	146	5	1	1	NUM
afbr-76	146	6	;	;	PUNCT
afbr-76	146	7	2018	2018	NUM
afbr-76	146	8	16	16	NUM
afbr-76	146	9	countries	country	NOUN
afbr-76	146	10	together	together	ADV
afbr-76	146	11	with	with	ADP
afbr-76	146	12	impressive	impressive	ADJ
afbr-76	146	13	economic	economic	ADJ
afbr-76	146	14	growth	growth	NOUN
afbr-76	146	15	and	and	CCONJ
afbr-76	146	16	attractive	attractive	ADJ
afbr-76	146	17	returns	return	NOUN
afbr-76	146	18	in	in	ADP
afbr-76	146	19	developing	develop	VERB
afbr-76	146	20	countries	country	NOUN
afbr-76	146	21	motivated	motivate	VERB
afbr-76	146	22	investors	investor	NOUN
afbr-76	146	23	to	to	PART
afbr-76	146	24	relocate	relocate	VERB
afbr-76	146	25	their	their	PRON
afbr-76	146	26	funds	fund	NOUN
afbr-76	146	27	to	to	ADP
afbr-76	146	28	direct	direct	ADJ
afbr-76	146	29	investments	investment	NOUN
afbr-76	146	30	.	.	PUNCT
afbr-76	147	1	he	he	PRON
afbr-76	147	2	posits	posit	VERB
afbr-76	147	3	that	that	SCONJ
afbr-76	147	4	the	the	DET
afbr-76	147	5	increase	increase	NOUN
afbr-76	147	6	in	in	ADP
afbr-76	147	7	international	international	ADJ
afbr-76	147	8	flow	flow	NOUN
afbr-76	147	9	of	of	ADP
afbr-76	147	10	foreign	foreign	ADJ
afbr-76	147	11	investment	investment	NOUN
afbr-76	147	12	correspondent	correspondent	NOUN
afbr-76	147	13	well	well	ADV
afbr-76	147	14	with	with	ADP
afbr-76	147	15	the	the	DET
afbr-76	147	16	trend	trend	NOUN
afbr-76	147	17	towards	towards	ADP
afbr-76	147	18	trade	trade	NOUN
afbr-76	147	19	globalization	globalization	NOUN
afbr-76	147	20	,	,	PUNCT
afbr-76	147	21	international	international	ADJ
afbr-76	147	22	financial	financial	ADJ
afbr-76	147	23	linkages	linkage	NOUN
afbr-76	147	24	and	and	CCONJ
afbr-76	147	25	expansion	expansion	NOUN
afbr-76	147	26	of	of	ADP
afbr-76	147	27	production	production	NOUN
afbr-76	147	28	bases	basis	NOUN
afbr-76	147	29	overseas	overseas	ADV
afbr-76	147	30	.	.	PUNCT
afbr-76	148	1	macroeconomic	macroeconomic	ADJ
afbr-76	148	2	variables	variable	NOUN
afbr-76	148	3	are	be	AUX
afbr-76	148	4	indicators	indicator	NOUN
afbr-76	148	5	or	or	CCONJ
afbr-76	148	6	main	main	ADJ
afbr-76	148	7	signposts	signpost	NOUN
afbr-76	148	8	signaling	signal	VERB
afbr-76	148	9	the	the	DET
afbr-76	148	10	current	current	ADJ
afbr-76	148	11	trends	trend	NOUN
afbr-76	148	12	in	in	ADP
afbr-76	148	13	the	the	DET
afbr-76	148	14	economy	economy	NOUN
afbr-76	148	15	.	.	PUNCT
afbr-76	149	1	thus	thus	ADV
afbr-76	149	2	keynes	keyne	NOUN
afbr-76	149	3	identified	identify	VERB
afbr-76	149	4	some	some	DET
afbr-76	149	5	main	main	ADJ
afbr-76	149	6	macroeconomics	macroeconomic	NOUN
afbr-76	149	7	variables	variable	NOUN
afbr-76	149	8	that	that	PRON
afbr-76	149	9	study	study	VERB
afbr-76	149	10	the	the	DET
afbr-76	149	11	fpi	fpi	PROPN
afbr-76	149	12	of	of	ADP
afbr-76	149	13	the	the	DET
afbr-76	149	14	economy	economy	NOUN
afbr-76	149	15	as	as	ADP
afbr-76	149	16	a	a	DET
afbr-76	149	17	whole	whole	NOUN
afbr-76	149	18	:	:	PUNCT
afbr-76	149	19	gross	gross	ADJ
afbr-76	149	20	domestic	domestic	ADJ
afbr-76	149	21	product	product	NOUN
afbr-76	149	22	(	(	PUNCT
afbr-76	149	23	gdp	gdp	NOUN
afbr-76	149	24	)	)	PUNCT
afbr-76	149	25	,	,	PUNCT
afbr-76	149	26	exchange	exchange	NOUN
afbr-76	149	27	rate	rate	NOUN
afbr-76	149	28	(	(	PUNCT
afbr-76	149	29	exr	exr	PROPN
afbr-76	149	30	)	)	PUNCT
afbr-76	149	31	,	,	PUNCT
afbr-76	149	32	interest	interest	NOUN
afbr-76	149	33	rate	rate	NOUN
afbr-76	149	34	,	,	PUNCT
afbr-76	149	35	inflation	inflation	NOUN
afbr-76	149	36	and	and	CCONJ
afbr-76	149	37	money	money	NOUN
afbr-76	149	38	supply	supply	NOUN
afbr-76	149	39	.	.	PUNCT
afbr-76	150	1	gdp	gdp	NOUN
afbr-76	150	2	is	be	AUX
afbr-76	150	3	a	a	DET
afbr-76	150	4	measure	measure	NOUN
afbr-76	150	5	of	of	ADP
afbr-76	150	6	the	the	DET
afbr-76	150	7	annual	annual	ADJ
afbr-76	150	8	improvement	improvement	NOUN
afbr-76	150	9	in	in	ADP
afbr-76	150	10	the	the	DET
afbr-76	150	11	standard	standard	NOUN
afbr-76	150	12	of	of	ADP
afbr-76	150	13	living	living	NOUN
afbr-76	150	14	of	of	ADP
afbr-76	150	15	the	the	DET
afbr-76	150	16	average	average	ADJ
afbr-76	150	17	citizen	citizen	NOUN
afbr-76	150	18	/	/	SYM
afbr-76	150	19	resident	resident	NOUN
afbr-76	150	20	of	of	ADP
afbr-76	150	21	a	a	DET
afbr-76	150	22	country	country	NOUN
afbr-76	150	23	and	and	CCONJ
afbr-76	150	24	it	it	PRON
afbr-76	150	25	takes	take	VERB
afbr-76	150	26	into	into	ADP
afbr-76	150	27	account	account	NOUN
afbr-76	150	28	all	all	DET
afbr-76	150	29	the	the	DET
afbr-76	150	30	production	production	NOUN
afbr-76	150	31	inside	inside	ADP
afbr-76	150	32	a	a	DET
afbr-76	150	33	country	country	NOUN
afbr-76	150	34	,	,	PUNCT
afbr-76	150	35	independent	independent	ADJ
afbr-76	150	36	of	of	ADP
afbr-76	150	37	whose	whose	DET
afbr-76	150	38	,	,	PUNCT
afbr-76	150	39	domestic	domestic	ADJ
afbr-76	150	40	or	or	CCONJ
afbr-76	150	41	foreign	foreign	ADJ
afbr-76	150	42	,	,	PUNCT
afbr-76	150	43	owns	own	VERB
afbr-76	150	44	the	the	DET
afbr-76	150	45	production	production	NOUN
afbr-76	150	46	site	site	NOUN
afbr-76	150	47	.	.	PUNCT
afbr-76	151	1	what	what	PRON
afbr-76	151	2	is	be	AUX
afbr-76	151	3	important	important	ADJ
afbr-76	151	4	is	be	AUX
afbr-76	151	5	that	that	SCONJ
afbr-76	151	6	the	the	DET
afbr-76	151	7	production	production	NOUN
afbr-76	151	8	takes	take	VERB
afbr-76	151	9	place	place	NOUN
afbr-76	151	10	inside	inside	ADP
afbr-76	151	11	the	the	DET
afbr-76	151	12	territories	territory	NOUN
afbr-76	151	13	of	of	ADP
afbr-76	151	14	the	the	DET
afbr-76	151	15	country	country	NOUN
afbr-76	151	16	.	.	PUNCT
afbr-76	152	1	exchange	exchange	NOUN
afbr-76	152	2	rate	rate	NOUN
afbr-76	152	3	is	be	AUX
afbr-76	152	4	the	the	DET
afbr-76	152	5	rate	rate	NOUN
afbr-76	152	6	in	in	ADP
afbr-76	152	7	which	which	PRON
afbr-76	152	8	one	one	NUM
afbr-76	152	9	nation	nation	NOUN
afbr-76	152	10	’s	’s	PART
afbr-76	152	11	currency	currency	NOUN
afbr-76	152	12	is	be	AUX
afbr-76	152	13	compared	compare	VERB
afbr-76	152	14	with	with	ADP
afbr-76	152	15	the	the	DET
afbr-76	152	16	value	value	NOUN
afbr-76	152	17	of	of	ADP
afbr-76	152	18	another	another	DET
afbr-76	152	19	country	country	NOUN
afbr-76	152	20	’s	’s	PART
afbr-76	152	21	currency	currency	NOUN
afbr-76	152	22	.	.	PUNCT
afbr-76	153	1	if	if	SCONJ
afbr-76	153	2	one	one	NUM
afbr-76	153	3	nation	nation	NOUN
afbr-76	153	4	’s	’s	PART
afbr-76	153	5	exchange	exchange	NOUN
afbr-76	153	6	rate	rate	NOUN
afbr-76	153	7	is	be	AUX
afbr-76	153	8	higher	high	ADJ
afbr-76	153	9	than	than	ADP
afbr-76	153	10	another	another	DET
afbr-76	153	11	one	one	NOUN
afbr-76	153	12	,	,	PUNCT
afbr-76	153	13	it	it	PRON
afbr-76	153	14	affects	affect	VERB
afbr-76	153	15	the	the	DET
afbr-76	153	16	purchasing	purchase	VERB
afbr-76	153	17	power	power	NOUN
afbr-76	153	18	of	of	ADP
afbr-76	153	19	the	the	DET
afbr-76	153	20	lower	low	ADJ
afbr-76	153	21	exchange	exchange	NOUN
afbr-76	153	22	rate	rate	NOUN
afbr-76	153	23	of	of	ADP
afbr-76	153	24	a	a	DET
afbr-76	153	25	particular	particular	ADJ
afbr-76	153	26	country	country	NOUN
afbr-76	153	27	.	.	PUNCT
afbr-76	154	1	example	example	NOUN
afbr-76	154	2	,	,	PUNCT
afbr-76	154	3	nigeria	nigeria	PROPN
afbr-76	154	4	naira	naira	PROPN
afbr-76	154	5	rate	rate	NOUN
afbr-76	154	6	is	be	AUX
afbr-76	154	7	lower	low	ADJ
afbr-76	154	8	as	as	SCONJ
afbr-76	154	9	to	to	PART
afbr-76	154	10	compare	compare	VERB
afbr-76	154	11	to	to	ADP
afbr-76	154	12	dollar	dollar	NOUN
afbr-76	154	13	of	of	ADP
afbr-76	154	14	america	america	PROPN
afbr-76	154	15	therefore	therefore	ADV
afbr-76	154	16	an	an	DET
afbr-76	154	17	american	american	PROPN
afbr-76	154	18	will	will	AUX
afbr-76	154	19	have	have	VERB
afbr-76	154	20	a	a	DET
afbr-76	154	21	higher	high	ADJ
afbr-76	154	22	purchasing	purchasing	NOUN
afbr-76	154	23	power	power	NOUN
afbr-76	154	24	than	than	ADP
afbr-76	154	25	nigerian	nigerian	PROPN
afbr-76	154	26	.	.	PUNCT
afbr-76	155	1	interest	interest	NOUN
afbr-76	155	2	rate	rate	NOUN
afbr-76	155	3	is	be	AUX
afbr-76	155	4	the	the	DET
afbr-76	155	5	cost	cost	NOUN
afbr-76	155	6	of	of	ADP
afbr-76	155	7	borrowing	borrow	VERB
afbr-76	155	8	money	money	NOUN
afbr-76	155	9	,	,	PUNCT
afbr-76	155	10	cash	cash	NOUN
afbr-76	155	11	,	,	PUNCT
afbr-76	155	12	credit	credit	NOUN
afbr-76	155	13	,	,	PUNCT
afbr-76	155	14	bonds	bond	NOUN
afbr-76	155	15	,	,	PUNCT
afbr-76	155	16	stocks	stock	NOUN
afbr-76	155	17	,	,	PUNCT
afbr-76	155	18	mortgage	mortgage	NOUN
afbr-76	155	19	government	government	NOUN
afbr-76	155	20	borrowing	borrowing	NOUN
afbr-76	155	21	.	.	PUNCT
afbr-76	156	1	interest	interest	NOUN
afbr-76	156	2	rate	rate	NOUN
afbr-76	156	3	reaches	reach	VERB
afbr-76	156	4	a	a	DET
afbr-76	156	5	peak	peak	NOUN
afbr-76	156	6	just	just	ADV
afbr-76	156	7	before	before	ADP
afbr-76	156	8	recession	recession	NOUN
afbr-76	156	9	and	and	CCONJ
afbr-76	156	10	fall	fall	VERB
afbr-76	156	11	through	through	ADP
afbr-76	156	12	the	the	DET
afbr-76	156	13	recession	recession	NOUN
afbr-76	156	14	.	.	PUNCT
afbr-76	157	1	rising	rise	VERB
afbr-76	157	2	interest	interest	NOUN
afbr-76	157	3	rate	rate	NOUN
afbr-76	157	4	signal	signal	VERB
afbr-76	157	5	an	an	DET
afbr-76	157	6	expanding	expand	VERB
afbr-76	157	7	economy	economy	NOUN
afbr-76	157	8	and	and	CCONJ
afbr-76	157	9	when	when	SCONJ
afbr-76	157	10	already	already	ADV
afbr-76	157	11	high	high	ADJ
afbr-76	157	12	interest	interest	NOUN
afbr-76	157	13	rate	rate	NOUN
afbr-76	157	14	begins	begin	VERB
afbr-76	157	15	to	to	PART
afbr-76	157	16	rises	rise	VERB
afbr-76	157	17	even	even	ADV
afbr-76	157	18	further	far	ADV
afbr-76	157	19	and	and	CCONJ
afbr-76	157	20	faster	fast	ADV
afbr-76	157	21	,	,	PUNCT
afbr-76	157	22	that	that	PRON
afbr-76	157	23	is	be	AUX
afbr-76	157	24	a	a	DET
afbr-76	157	25	sure	sure	ADJ
afbr-76	157	26	sign	sign	NOUN
afbr-76	157	27	of	of	ADP
afbr-76	157	28	the	the	DET
afbr-76	157	29	onset	onset	NOUN
afbr-76	157	30	of	of	ADP
afbr-76	157	31	inflation	inflation	NOUN
afbr-76	157	32	.	.	PUNCT
afbr-76	158	1	inflation	inflation	NOUN
afbr-76	158	2	is	be	AUX
afbr-76	158	3	an	an	DET
afbr-76	158	4	economy	economy	NOUN
afbr-76	158	5	can	can	AUX
afbr-76	158	6	be	be	AUX
afbr-76	158	7	the	the	DET
afbr-76	158	8	result	result	NOUN
afbr-76	158	9	of	of	ADP
afbr-76	158	10	an	an	DET
afbr-76	158	11	increase	increase	NOUN
afbr-76	158	12	in	in	ADP
afbr-76	158	13	aggregate	aggregate	ADJ
afbr-76	158	14	demand	demand	NOUN
afbr-76	158	15	that	that	PRON
afbr-76	158	16	is	be	AUX
afbr-76	158	17	accompanied	accompany	VERB
afbr-76	158	18	by	by	ADP
afbr-76	158	19	an	an	DET
afbr-76	158	20	increase	increase	NOUN
afbr-76	158	21	in	in	ADP
afbr-76	158	22	aggregate	aggregate	ADJ
afbr-76	158	23	supply	supply	NOUN
afbr-76	158	24	.	.	PUNCT
afbr-76	159	1	▪	▪	ADJ
afbr-76	159	2	policy	policy	NOUN
afbr-76	159	3	reforms	reform	NOUN
afbr-76	159	4	and	and	CCONJ
afbr-76	159	5	foreign	foreign	ADJ
afbr-76	159	6	capital	capital	NOUN
afbr-76	159	7	flows	flow	NOUN
afbr-76	159	8	in	in	ADP
afbr-76	159	9	nigeria	nigeria	PROPN
afbr-76	159	10	the	the	DET
afbr-76	159	11	federal	federal	ADJ
afbr-76	159	12	government	government	NOUN
afbr-76	159	13	indigenization	indigenization	NOUN
afbr-76	159	14	policy	policy	NOUN
afbr-76	159	15	of	of	ADP
afbr-76	159	16	the	the	DET
afbr-76	159	17	1970s	1970	NOUN
afbr-76	159	18	contributed	contribute	VERB
afbr-76	159	19	in	in	ADP
afbr-76	159	20	scuttling	scuttle	VERB
afbr-76	159	21	the	the	DET
afbr-76	159	22	growth	growth	NOUN
afbr-76	159	23	of	of	ADP
afbr-76	159	24	foreign	foreign	ADJ
afbr-76	159	25	capital	capital	NOUN
afbr-76	159	26	flows	flow	NOUN
afbr-76	159	27	in	in	ADP
afbr-76	159	28	nigeria	nigeria	PROPN
afbr-76	159	29	.	.	PUNCT
afbr-76	160	1	prior	prior	ADV
afbr-76	160	2	to	to	ADP
afbr-76	160	3	the	the	DET
afbr-76	160	4	promulgation	promulgation	NOUN
afbr-76	160	5	of	of	ADP
afbr-76	160	6	the	the	DET
afbr-76	160	7	nigerian	nigerian	ADJ
afbr-76	160	8	enterprises	enterprise	NOUN
afbr-76	160	9	promotion	promotion	NOUN
afbr-76	160	10	(	(	PUNCT
afbr-76	160	11	nep	nep	NOUN
afbr-76	160	12	)	)	PUNCT
afbr-76	160	13	act	act	NOUN
afbr-76	160	14	of	of	ADP
afbr-76	160	15	1972	1972	NUM
afbr-76	160	16	,	,	PUNCT
afbr-76	160	17	there	there	PRON
afbr-76	160	18	were	be	VERB
afbr-76	160	19	some	some	DET
afbr-76	160	20	laws	law	NOUN
afbr-76	160	21	(	(	PUNCT
afbr-76	160	22	exchange	exchange	NOUN
afbr-76	160	23	control	control	PROPN
afbr-76	160	24	act	act	PROPN
afbr-76	160	25	of	of	ADP
afbr-76	160	26	1962	1962	NUM
afbr-76	160	27	,	,	PUNCT
afbr-76	160	28	section	section	NOUN
afbr-76	160	29	7	7	NUM
afbr-76	160	30	of	of	ADP
afbr-76	160	31	the	the	DET
afbr-76	160	32	act	act	NOUN
afbr-76	160	33	,	,	PUNCT
afbr-76	160	34	stipulates	stipulate	VERB
afbr-76	160	35	that	that	SCONJ
afbr-76	160	36	“	"	PUNCT
afbr-76	160	37	nobody	nobody	PRON
afbr-76	160	38	within	within	ADP
afbr-76	160	39	nigeria	nigeria	PROPN
afbr-76	160	40	could	could	AUX
afbr-76	160	41	make	make	VERB
afbr-76	160	42	any	any	DET
afbr-76	160	43	payment	payment	NOUN
afbr-76	160	44	to	to	ADP
afbr-76	160	45	anybody	anybody	PRON
afbr-76	160	46	outside	outside	ADP
afbr-76	160	47	nigeria	nigeria	PROPN
afbr-76	160	48	or	or	CCONJ
afbr-76	160	49	make	make	VERB
afbr-76	160	50	such	such	ADJ
afbr-76	160	51	payment	payment	NOUN
afbr-76	160	52	on	on	ADP
afbr-76	160	53	behalf	behalf	NOUN
afbr-76	160	54	of	of	ADP
afbr-76	160	55	anybody	anybody	PRON
afbr-76	160	56	resident	resident	NOUN
afbr-76	160	57	outside	outside	ADP
afbr-76	160	58	nigeria	nigeria	PROPN
afbr-76	160	59	without	without	ADP
afbr-76	160	60	the	the	DET
afbr-76	160	61	permission	permission	NOUN
afbr-76	160	62	of	of	ADP
afbr-76	160	63	the	the	DET
afbr-76	160	64	minister	minister	PROPN
afbr-76	160	65	of	of	ADP
afbr-76	160	66	finance	finance	NOUN
afbr-76	160	67	,	,	PUNCT
afbr-76	160	68	companies	company	NOUN
afbr-76	160	69	act	act	VERB
afbr-76	160	70	of	of	ADP
afbr-76	160	71	1968	1968	NUM
afbr-76	160	72	,	,	PUNCT
afbr-76	160	73	banking	banking	NOUN
afbr-76	160	74	act	act	NOUN
afbr-76	160	75	of	of	ADP
afbr-76	160	76	1969	1969	NUM
afbr-76	160	77	,	,	PUNCT
afbr-76	160	78	petroleum	petroleum	NOUN
afbr-76	160	79	act	act	NOUN
afbr-76	160	80	of	of	ADP
afbr-76	160	81	1969	1969	NUM
afbr-76	160	82	,	,	PUNCT
afbr-76	160	83	patents	patent	NOUN
afbr-76	160	84	and	and	CCONJ
afbr-76	160	85	design	design	NOUN
afbr-76	160	86	act	act	NOUN
afbr-76	160	87	of	of	ADP
afbr-76	160	88	1970	1970	NUM
afbr-76	160	89	and	and	CCONJ
afbr-76	160	90	copy	copy	VERB
afbr-76	160	91	rights	right	NOUN
afbr-76	160	92	act	act	NOUN
afbr-76	160	93	of	of	ADP
afbr-76	160	94	1970	1970	NUM
afbr-76	160	95	)	)	PUNCT
afbr-76	160	96	laid	lay	VERB
afbr-76	160	97	the	the	DET
afbr-76	160	98	relevant	relevant	ADJ
afbr-76	160	99	legal	legal	ADJ
afbr-76	160	100	framework	framework	NOUN
afbr-76	160	101	for	for	ADP
afbr-76	160	102	the	the	DET
afbr-76	160	103	eventual	eventual	ADJ
afbr-76	160	104	take	take	NOUN
afbr-76	160	105	-	-	PUNCT
afbr-76	160	106	off	off	NOUN
afbr-76	160	107	of	of	ADP
afbr-76	160	108	the	the	DET
afbr-76	160	109	indigenization	indigenization	NOUN
afbr-76	160	110	policy	policy	NOUN
afbr-76	160	111	.	.	PUNCT
afbr-76	161	1	however	however	ADV
afbr-76	161	2	,	,	PUNCT
afbr-76	161	3	different	different	ADJ
afbr-76	161	4	policy	policy	NOUN
afbr-76	161	5	reforms	reform	NOUN
afbr-76	161	6	led	lead	VERB
afbr-76	161	7	to	to	ADP
afbr-76	161	8	the	the	DET
afbr-76	161	9	change	change	NOUN
afbr-76	161	10	in	in	ADP
afbr-76	161	11	the	the	DET
afbr-76	161	12	investment	investment	NOUN
afbr-76	161	13	climate	climate	NOUN
afbr-76	161	14	in	in	ADP
afbr-76	161	15	nigeria	nigeria	PROPN
afbr-76	161	16	for	for	ADP
afbr-76	161	17	both	both	CCONJ
afbr-76	161	18	domestic	domestic	ADJ
afbr-76	161	19	and	and	CCONJ
afbr-76	161	20	foreign	foreign	ADJ
afbr-76	161	21	investors	investor	NOUN
afbr-76	161	22	.	.	PUNCT
afbr-76	162	1	the	the	DET
afbr-76	162	2	abrogation	abrogation	NOUN
afbr-76	162	3	of	of	ADP
afbr-76	162	4	the	the	DET
afbr-76	162	5	nigerian	nigerian	ADJ
afbr-76	162	6	enterprises	enterprise	NOUN
afbr-76	162	7	promotion	promotion	VERB
afbr-76	162	8	decree	decree	NOUN
afbr-76	162	9	1989	1989	NUM
afbr-76	162	10	and	and	CCONJ
afbr-76	162	11	the	the	DET
afbr-76	162	12	exchange	exchange	NOUN
afbr-76	162	13	control	control	PROPN
afbr-76	162	14	act	act	PROPN
afbr-76	162	15	of	of	ADP
afbr-76	162	16	1962	1962	NUM
afbr-76	162	17	as	as	ADV
afbr-76	162	18	well	well	ADV
afbr-76	162	19	as	as	ADP
afbr-76	162	20	their	their	PRON
afbr-76	162	21	subsequent	subsequent	ADJ
afbr-76	162	22	replacements	replacement	NOUN
afbr-76	162	23	with	with	ADP
afbr-76	162	24	nigerian	nigerian	ADJ
afbr-76	162	25	investment	investment	NOUN
afbr-76	162	26	promotion	promotion	NOUN
afbr-76	162	27	council	council	NOUN
afbr-76	162	28	decree	decree	NOUN
afbr-76	162	29	no	no	DET
afbr-76	162	30	16	16	NUM
afbr-76	162	31	of	of	ADP
afbr-76	162	32	1995	1995	NUM
afbr-76	162	33	and	and	CCONJ
afbr-76	162	34	foreign	foreign	ADJ
afbr-76	162	35	exchange	exchange	NOUN
afbr-76	162	36	(	(	PUNCT
afbr-76	162	37	monitoring	monitoring	NOUN
afbr-76	162	38	and	and	CCONJ
afbr-76	162	39	miscellaneous	miscellaneous	ADJ
afbr-76	162	40	provisions	provision	NOUN
afbr-76	162	41	)	)	PUNCT
afbr-76	162	42	decree	decree	NOUN
afbr-76	162	43	17	17	NUM
afbr-76	162	44	of	of	ADP
afbr-76	162	45	1995	1995	NUM
afbr-76	162	46	,	,	PUNCT
afbr-76	162	47	publication	publication	NOUN
afbr-76	162	48	of	of	ADP
afbr-76	162	49	industrial	industrial	ADJ
afbr-76	162	50	policy	policy	NOUN
afbr-76	162	51	for	for	ADP
afbr-76	162	52	nigeria	nigeria	PROPN
afbr-76	162	53	in	in	ADP
afbr-76	162	54	january	january	PROPN
afbr-76	162	55	,	,	PUNCT
afbr-76	162	56	1989	1989	NUM
afbr-76	162	57	provided	provide	VERB
afbr-76	162	58	foreign	foreign	ADJ
afbr-76	162	59	investors	investor	NOUN
afbr-76	162	60	with	with	ADP
afbr-76	162	61	enormous	enormous	ADJ
afbr-76	162	62	opportunity	opportunity	NOUN
afbr-76	162	63	to	to	PART
afbr-76	162	64	participate	participate	VERB
afbr-76	162	65	in	in	ADP
afbr-76	162	66	the	the	DET
afbr-76	162	67	economy	economy	NOUN
afbr-76	162	68	.	.	PUNCT
afbr-76	163	1	the	the	DET
afbr-76	163	2	company	company	NOUN
afbr-76	163	3	and	and	CCONJ
afbr-76	163	4	allied	ally	VERB
afbr-76	163	5	matters	matter	NOUN
afbr-76	163	6	act	act	VERB
afbr-76	163	7	1990	1990	NUM
afbr-76	163	8	and	and	CCONJ
afbr-76	163	9	nigerian	nigerian	ADJ
afbr-76	163	10	investment	investment	NOUN
afbr-76	163	11	promotion	promotion	PROPN
afbr-76	163	12	commission	commission	PROPN
afbr-76	163	13	(	(	PUNCT
afbr-76	163	14	nipc	nipc	PROPN
afbr-76	163	15	)	)	PUNCT
afbr-76	163	16	decree	decree	NOUN
afbr-76	163	17	no	no	NOUN
afbr-76	163	18	.	.	PROPN
afbr-76	164	1	16	16	NUM
afbr-76	164	2	of	of	ADP
afbr-76	164	3	1995	1995	NUM
afbr-76	164	4	represented	represent	VERB
afbr-76	164	5	an	an	DET
afbr-76	164	6	institutional	institutional	ADJ
afbr-76	164	7	framework	framework	NOUN
afbr-76	164	8	for	for	ADP
afbr-76	164	9	the	the	DET
afbr-76	164	10	formation	formation	NOUN
afbr-76	164	11	,	,	PUNCT
afbr-76	164	12	management	management	NOUN
afbr-76	164	13	and	and	CCONJ
afbr-76	164	14	winding	winding	NOUN
afbr-76	164	15	-	-	PUNCT
afbr-76	164	16	up	up	NOUN
afbr-76	164	17	of	of	ADP
afbr-76	164	18	companies	company	NOUN
afbr-76	164	19	as	as	ADV
afbr-76	164	20	well	well	ADV
afbr-76	164	21	as	as	ADP
afbr-76	164	22	registration	registration	NOUN
afbr-76	164	23	of	of	ADP
afbr-76	164	24	business	business	NOUN
afbr-76	164	25	names	name	NOUN
afbr-76	164	26	and	and	CCONJ
afbr-76	164	27	incorporated	incorporate	VERB
afbr-76	164	28	trusteeship	trusteeship	NOUN
afbr-76	164	29	in	in	ADP
afbr-76	164	30	nigeria	nigeria	PROPN
afbr-76	164	31	,	,	PUNCT
afbr-76	164	32	while	while	SCONJ
afbr-76	164	33	nipc	nipc	PROPN
afbr-76	164	34	is	be	AUX
afbr-76	164	35	to	to	PART
afbr-76	164	36	encourage	encourage	VERB
afbr-76	164	37	,	,	PUNCT
afbr-76	164	38	promote	promote	VERB
afbr-76	164	39	and	and	CCONJ
afbr-76	164	40	co	co	ADJ
afbr-76	164	41	-	-	ADJ
afbr-76	164	42	ordinate	ordinate	ADJ
afbr-76	164	43	investment	investment	NOUN
afbr-76	164	44	in	in	ADP
afbr-76	164	45	the	the	DET
afbr-76	164	46	country	country	NOUN
afbr-76	164	47	.	.	PUNCT
afbr-76	165	1	the	the	DET
afbr-76	165	2	foreign	foreign	ADJ
afbr-76	165	3	exchange	exchange	NOUN
afbr-76	165	4	(	(	PUNCT
afbr-76	165	5	monitoring	monitoring	NOUN
afbr-76	165	6	and	and	CCONJ
afbr-76	165	7	miscellaneous	miscellaneous	ADJ
afbr-76	165	8	provision	provision	NOUN
afbr-76	165	9	provisions	provision	NOUN
afbr-76	165	10	)	)	PUNCT
afbr-76	165	11	decree	decree	NOUN
afbr-76	165	12	17	17	NUM
afbr-76	165	13	of	of	ADP
afbr-76	165	14	1995	1995	NUM
afbr-76	165	15	was	be	AUX
afbr-76	165	16	enacted	enact	VERB
afbr-76	165	17	to	to	PART
afbr-76	165	18	liberalize	liberalize	VERB
afbr-76	165	19	transactions	transaction	NOUN
afbr-76	165	20	involving	involve	VERB
afbr-76	165	21	foreign	foreign	ADJ
afbr-76	165	22	exchange	exchange	NOUN
afbr-76	165	23	,	,	PUNCT
afbr-76	165	24	thereby	thereby	ADV
afbr-76	165	25	;	;	PUNCT
afbr-76	165	26	allowing	allow	VERB
afbr-76	165	27	for	for	ADP
afbr-76	165	28	free	free	ADJ
afbr-76	165	29	flow	flow	NOUN
afbr-76	165	30	of	of	ADP
afbr-76	165	31	foreign	foreign	ADJ
afbr-76	165	32	capital	capital	NOUN
afbr-76	165	33	.	.	PUNCT
afbr-76	166	1	in	in	ADP
afbr-76	166	2	addition	addition	NOUN
afbr-76	166	3	,	,	PUNCT
afbr-76	166	4	there	there	PRON
afbr-76	166	5	was	be	VERB
afbr-76	166	6	the	the	DET
afbr-76	166	7	establishment	establishment	NOUN
afbr-76	166	8	of	of	ADP
afbr-76	166	9	investment	investment	NOUN
afbr-76	166	10	and	and	CCONJ
afbr-76	166	11	securities	security	NOUN
afbr-76	166	12	act	act	PROPN
afbr-76	166	13	(	(	PUNCT
afbr-76	166	14	isa	isa	NOUN
afbr-76	166	15	)	)	PUNCT
afbr-76	166	16	of	of	ADP
afbr-76	166	17	1999	1999	NUM
afbr-76	166	18	to	to	PART
afbr-76	166	19	further	far	ADV
afbr-76	166	20	deregulate	deregulate	VERB
afbr-76	166	21	and	and	CCONJ
afbr-76	166	22	enhance	enhance	VERB
afbr-76	166	23	the	the	DET
afbr-76	166	24	development	development	NOUN
afbr-76	166	25	of	of	ADP
afbr-76	166	26	the	the	DET
afbr-76	166	27	nigerian	nigerian	ADJ
afbr-76	166	28	capital	capital	NOUN
afbr-76	166	29	market	market	NOUN
afbr-76	166	30	for	for	ADP
afbr-76	166	31	greater	great	ADJ
afbr-76	166	32	inflow	inflow	NOUN
afbr-76	166	33	of	of	ADP
afbr-76	166	34	foreign	foreign	ADJ
afbr-76	166	35	capitals	capital	NOUN
afbr-76	166	36	.	.	PUNCT
afbr-76	167	1	apart	apart	ADV
afbr-76	167	2	from	from	ADP
afbr-76	167	3	the	the	DET
afbr-76	167	4	law	law	NOUN
afbr-76	167	5	reforms	reform	NOUN
afbr-76	167	6	,	,	PUNCT
afbr-76	167	7	there	there	PRON
afbr-76	167	8	are	be	VERB
afbr-76	167	9	also	also	ADV
afbr-76	167	10	the	the	DET
afbr-76	167	11	economic	economic	ADJ
afbr-76	167	12	and	and	CCONJ
afbr-76	167	13	financial	financial	ADJ
afbr-76	167	14	sector	sector	NOUN
afbr-76	167	15	policy	policy	NOUN
afbr-76	167	16	reforms	reform	NOUN
afbr-76	167	17	designed	design	VERB
afbr-76	167	18	to	to	PART
afbr-76	167	19	reduce	reduce	VERB
afbr-76	167	20	barriers	barrier	NOUN
afbr-76	167	21	,	,	PUNCT
afbr-76	167	22	increase	increase	VERB
afbr-76	167	23	banking	banking	NOUN
afbr-76	167	24	capital	capital	NOUN
afbr-76	167	25	base	base	NOUN
afbr-76	167	26	and	and	CCONJ
afbr-76	167	27	attract	attract	VERB
afbr-76	167	28	investment	investment	NOUN
afbr-76	167	29	as	as	ADV
afbr-76	167	30	well	well	ADV
afbr-76	167	31	as	as	ADP
afbr-76	167	32	tax	tax	NOUN
afbr-76	167	33	holidays	holiday	NOUN
afbr-76	167	34	,	,	PUNCT
afbr-76	167	35	easing	ease	VERB
afbr-76	167	36	of	of	ADP
afbr-76	167	37	import	import	NOUN
afbr-76	167	38	and	and	CCONJ
afbr-76	167	39	customs	custom	NOUN
afbr-76	167	40	controls	control	NOUN
afbr-76	167	41	,	,	PUNCT
afbr-76	167	42	infrastructure	infrastructure	NOUN
afbr-76	167	43	investment	investment	NOUN
afbr-76	167	44	,	,	PUNCT
afbr-76	167	45	and	and	CCONJ
afbr-76	167	46	labour	labour	NOUN
afbr-76	167	47	law	law	NOUN
afbr-76	167	48	reform	reform	NOUN
afbr-76	167	49	.	.	PUNCT
afbr-76	168	1	▪	▪	ADJ
afbr-76	168	2	capital	capital	NOUN
afbr-76	168	3	flows	flow	VERB
afbr-76	168	4	nigeria	nigeria	PROPN
afbr-76	168	5	’s	’s	PART
afbr-76	168	6	foreign	foreign	ADJ
afbr-76	168	7	private	private	ADJ
afbr-76	168	8	capital	capital	NOUN
afbr-76	168	9	flows	flow	NOUN
afbr-76	168	10	involve	involve	VERB
afbr-76	168	11	mostly	mostly	ADV
afbr-76	168	12	the	the	DET
afbr-76	168	13	foreign	foreign	ADJ
afbr-76	168	14	direct	direct	ADJ
afbr-76	168	15	investment	investment	NOUN
afbr-76	168	16	(	(	PUNCT
afbr-76	168	17	fdi	fdi	NOUN
afbr-76	168	18	)	)	PUNCT
afbr-76	168	19	and	and	CCONJ
afbr-76	168	20	foreign	foreign	ADJ
afbr-76	168	21	portfolio	portfolio	NOUN
afbr-76	168	22	investment	investment	NOUN
afbr-76	168	23	(	(	PUNCT
afbr-76	168	24	fpi	fpi	PROPN
afbr-76	168	25	)	)	PUNCT
afbr-76	168	26	.	.	PUNCT
afbr-76	169	1	the	the	DET
afbr-76	169	2	foreign	foreign	ADJ
afbr-76	169	3	portfolio	portfolio	NOUN
afbr-76	169	4	investment	investment	NOUN
afbr-76	169	5	is	be	AUX
afbr-76	169	6	a	a	DET
afbr-76	169	7	recent	recent	ADJ
afbr-76	169	8	development	development	NOUN
afbr-76	169	9	in	in	ADP
afbr-76	169	10	nigeria	nigeria	PROPN
afbr-76	169	11	and	and	CCONJ
afbr-76	169	12	this	this	PRON
afbr-76	169	13	was	be	AUX
afbr-76	169	14	initially	initially	ADV
afbr-76	169	15	attributed	attribute	VERB
afbr-76	169	16	to	to	ADP
afbr-76	169	17	the	the	DET
afbr-76	169	18	non	non	NOUN
afbr-76	169	19	-	-	NOUN
afbr-76	169	20	internationalization	internationalization	NOUN
afbr-76	169	21	of	of	ADP
afbr-76	169	22	the	the	DET
afbr-76	169	23	country	country	NOUN
afbr-76	169	24	’s	’s	PART
afbr-76	169	25	money	money	NOUN
afbr-76	169	26	and	and	CCONJ
afbr-76	169	27	capital	capital	NOUN
afbr-76	169	28	markets	market	NOUN
afbr-76	169	29	as	as	ADV
afbr-76	169	30	well	well	ADV
afbr-76	169	31	as	as	ADP
afbr-76	169	32	the	the	DET
afbr-76	169	33	nondisclosure	nondisclosure	NOUN
afbr-76	169	34	of	of	ADP
afbr-76	169	35	information	information	NOUN
afbr-76	169	36	on	on	ADP
afbr-76	169	37	the	the	DET
afbr-76	169	38	portfolio	portfolio	NOUN
afbr-76	169	39	investments	investment	NOUN
afbr-76	169	40	of	of	ADP
afbr-76	169	41	nigerian	nigerian	ADJ
afbr-76	169	42	investors	investor	NOUN
afbr-76	169	43	in	in	ADP
afbr-76	169	44	the	the	DET
afbr-76	169	45	foreign	foreign	ADJ
afbr-76	169	46	capital	capital	NOUN
afbr-76	169	47	/	/	SYM
afbr-76	169	48	money	money	NOUN
afbr-76	169	49	markets	market	NOUN
afbr-76	169	50	(	(	PUNCT
afbr-76	169	51	cbn	cbn	PROPN
afbr-76	169	52	1997	1997	NUM
afbr-76	169	53	)	)	PUNCT
afbr-76	169	54	.	.	PUNCT
afbr-76	170	1	onosode	onosode	PROPN
afbr-76	170	2	(	(	PUNCT
afbr-76	170	3	1997	1997	NUM
afbr-76	170	4	)	)	PUNCT
afbr-76	170	5	stated	state	VERB
afbr-76	170	6	that	that	SCONJ
afbr-76	170	7	between	between	ADP
afbr-76	170	8	july	july	PROPN
afbr-76	170	9	1995	1995	NUM
afbr-76	170	10	and	and	CCONJ
afbr-76	170	11	july	july	PROPN
afbr-76	170	12	1996	1996	NUM
afbr-76	170	13	,	,	PUNCT
afbr-76	170	14	about	about	ADV
afbr-76	170	15	us$6.0	us$6.0	ADP
afbr-76	170	16	million	million	NUM
afbr-76	170	17	fpi	fpi	PROPN
afbr-76	170	18	was	be	AUX
afbr-76	170	19	made	make	VERB
afbr-76	170	20	in	in	ADP
afbr-76	170	21	the	the	DET
afbr-76	170	22	nigerian	nigerian	ADJ
afbr-76	170	23	capital	capital	NOUN
afbr-76	170	24	market	market	NOUN
afbr-76	170	25	through	through	ADP
afbr-76	170	26	the	the	DET
afbr-76	170	27	nigerian	nigerian	ADJ
afbr-76	170	28	stock	stock	NOUN
afbr-76	170	29	exchange	exchange	PROPN
afbr-76	170	30	(	(	PUNCT
afbr-76	170	31	nse	nse	NOUN
afbr-76	170	32	)	)	PUNCT
afbr-76	170	33	for	for	ADP
afbr-76	170	34	the	the	DET
afbr-76	170	35	first	first	ADJ
afbr-76	170	36	time	time	NOUN
afbr-76	170	37	since	since	SCONJ
afbr-76	170	38	1962	1962	NUM
afbr-76	170	39	,	,	PUNCT
afbr-76	170	40	while	while	SCONJ
afbr-76	170	41	for	for	ADP
afbr-76	170	42	the	the	DET
afbr-76	170	43	whole	whole	NOUN
afbr-76	170	44	of	of	ADP
afbr-76	170	45	1996	1996	NUM
afbr-76	170	46	,	,	PUNCT
afbr-76	170	47	foreign	foreign	ADJ
afbr-76	170	48	investment	investment	NOUN
afbr-76	170	49	through	through	ADP
afbr-76	170	50	the	the	DET
afbr-76	170	51	nigerian	nigerian	ADJ
afbr-76	170	52	stock	stock	NOUN
afbr-76	170	53	exchange	exchange	NOUN
afbr-76	170	54	totaled	total	VERB
afbr-76	170	55	us$32.99	us$32.99	PROPN
afbr-76	170	56	million	million	NUM
afbr-76	170	57	;	;	PUNCT
afbr-76	170	58	for	for	ADP
afbr-76	170	59	1995	1995	NUM
afbr-76	170	60	,	,	PUNCT
afbr-76	170	61	it	it	PRON
afbr-76	170	62	was	be	AUX
afbr-76	170	63	us$1.14	us$1.14	PROPN
afbr-76	170	64	million	million	NUM
afbr-76	170	65	(	(	PUNCT
afbr-76	170	66	obadan	obadan	PROPN
afbr-76	170	67	,	,	PUNCT
afbr-76	170	68	2004	2004	NUM
afbr-76	170	69	)	)	PUNCT
afbr-76	170	70	.	.	PUNCT
afbr-76	171	1	in	in	ADP
afbr-76	171	2	terms	term	NOUN
afbr-76	171	3	of	of	ADP
afbr-76	171	4	net	net	ADJ
afbr-76	171	5	investment	investment	NOUN
afbr-76	171	6	,	,	PUNCT
afbr-76	171	7	the	the	DET
afbr-76	171	8	npi	npi	PROPN
afbr-76	171	9	in	in	ADP
afbr-76	171	10	nigeria	nigeria	PROPN
afbr-76	171	11	was	be	AUX
afbr-76	171	12	n151.6	n151.6	PROPN
afbr-76	171	13	million	million	NUM
afbr-76	171	14	in	in	ADP
afbr-76	171	15	1986	1986	NUM
afbr-76	171	16	,	,	PUNCT
afbr-76	171	17	and	and	CCONJ
afbr-76	171	18	it	it	PRON
afbr-76	171	19	rose	rise	VERB
afbr-76	171	20	to	to	ADP
afbr-76	171	21	n	n	PROPN
afbr-76	171	22	51	51	NUM
afbr-76	171	23	,	,	PUNCT
afbr-76	171	24	079.13	079.13	NUM
afbr-76	171	25	million	million	NUM
afbr-76	171	26	in	in	ADP
afbr-76	171	27	2000	2000	NUM
afbr-76	171	28	.	.	PUNCT
afbr-76	172	1	by	by	ADP
afbr-76	172	2	2005	2005	NUM
afbr-76	172	3	,	,	PUNCT
afbr-76	172	4	there	there	PRON
afbr-76	172	5	was	be	VERB
afbr-76	172	6	a	a	DET
afbr-76	172	7	tremendous	tremendous	ADJ
afbr-76	172	8	increase	increase	NOUN
afbr-76	172	9	in	in	ADP
afbr-76	172	10	the	the	DET
afbr-76	172	11	npi	npi	PROPN
afbr-76	172	12	in	in	ADP
afbr-76	172	13	nigeria	nigeria	PROPN
afbr-76	172	14	.	.	PUNCT
afbr-76	173	1	it	it	PRON
afbr-76	173	2	increased	increase	VERB
afbr-76	173	3	from	from	ADP
afbr-76	173	4	n23,541.00	n23,541.00	NUM
afbr-76	173	5	million	million	NUM
afbr-76	173	6	in	in	ADP
afbr-76	173	7	2004	2004	NUM
afbr-76	173	8	to	to	ADP
afbr-76	173	9	n393,336.41	n393,336.41	NOUN
afbr-76	173	10	million	million	NUM
afbr-76	173	11	in	in	ADP
afbr-76	173	12	2005	2005	NUM
afbr-76	173	13	,	,	PUNCT
afbr-76	173	14	(	(	PUNCT
afbr-76	173	15	indicating	indicate	VERB
afbr-76	173	16	growth	growth	NOUN
afbr-76	173	17	rate	rate	NOUN
afbr-76	173	18	of	of	ADP
afbr-76	173	19	1,565	1,565	NUM
afbr-76	173	20	per	per	ADP
afbr-76	173	21	cent	cent	NOUN
afbr-76	173	22	)	)	PUNCT
afbr-76	173	23	.	.	PUNCT
afbr-76	174	1	it	it	PRON
afbr-76	174	2	,	,	PUNCT
afbr-76	174	3	however	however	ADV
afbr-76	174	4	,	,	PUNCT
afbr-76	174	5	dropped	drop	VERB
afbr-76	174	6	to	to	ADP
afbr-76	174	7	n294,956.59	n294,956.59	NUM
afbr-76	174	8	million	million	NUM
afbr-76	174	9	in	in	ADP
afbr-76	174	10	2006	2006	NUM
afbr-76	174	11	.	.	PUNCT
afbr-76	175	1	in	in	ADP
afbr-76	175	2	2007	2007	NUM
afbr-76	175	3	,	,	PUNCT
afbr-76	175	4	the	the	DET
afbr-76	175	5	npi	npi	PROPN
afbr-76	175	6	increased	increase	VERB
afbr-76	175	7	to	to	ADP
afbr-76	175	8	n609,342.81	n609,342.81	ADV
afbr-76	175	9	million	million	NUM
afbr-76	175	10	before	before	ADP
afbr-76	175	11	declining	decline	VERB
afbr-76	175	12	to	to	ADP
afbr-76	175	13	n350,919.40	n350,919.40	NOUN
afbr-76	175	14	in	in	ADP
afbr-76	175	15	2008	2008	NUM
afbr-76	175	16	.	.	PUNCT
afbr-76	176	1	the	the	DET
afbr-76	176	2	sudden	sudden	ADJ
afbr-76	176	3	drop	drop	NOUN
afbr-76	176	4	in	in	ADP
afbr-76	176	5	the	the	DET
afbr-76	176	6	npi	npi	PROPN
afbr-76	176	7	level	level	NOUN
afbr-76	176	8	in	in	ADP
afbr-76	176	9	2008	2008	NUM
afbr-76	176	10	could	could	AUX
afbr-76	176	11	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	VERB
afbr-76	176	12	australian	australian	ADJ
afbr-76	176	13	finance	finance	PROPN
afbr-76	176	14	&	&	CCONJ
afbr-76	176	15	banking	banking	PROPN
afbr-76	176	16	review	review	PROPN
afbr-76	176	17	vol	vol	NOUN
afbr-76	176	18	.	.	PROPN
afbr-76	177	1	2	2	NUM
afbr-76	177	2	,	,	PUNCT
afbr-76	177	3	no	no	INTJ
afbr-76	177	4	.	.	NOUN
afbr-76	177	5	1	1	NUM
afbr-76	177	6	;	;	PUNCT
afbr-76	177	7	2018	2018	NUM
afbr-76	177	8	17	17	NUM
afbr-76	177	9	be	be	AUX
afbr-76	177	10	attributed	attribute	VERB
afbr-76	177	11	to	to	ADP
afbr-76	177	12	the	the	DET
afbr-76	177	13	capital	capital	NOUN
afbr-76	177	14	flight	flight	NOUN
afbr-76	177	15	witnessed	witness	VERB
afbr-76	177	16	in	in	ADP
afbr-76	177	17	the	the	DET
afbr-76	177	18	country	country	NOUN
afbr-76	177	19	at	at	ADP
afbr-76	177	20	the	the	DET
afbr-76	177	21	heat	heat	NOUN
afbr-76	177	22	of	of	ADP
afbr-76	177	23	the	the	DET
afbr-76	177	24	gfc	gfc	NOUN
afbr-76	177	25	.	.	PUNCT
afbr-76	178	1	similarly	similarly	ADV
afbr-76	178	2	,	,	PUNCT
afbr-76	178	3	the	the	DET
afbr-76	178	4	ndi	ndi	PROPN
afbr-76	178	5	was	be	AUX
afbr-76	178	6	n	n	ADV
afbr-76	178	7	735.8	735.8	NUM
afbr-76	178	8	million	million	NUM
afbr-76	178	9	in	in	ADP
afbr-76	178	10	1986	1986	NUM
afbr-76	178	11	and	and	CCONJ
afbr-76	178	12	rose	rise	VERB
afbr-76	178	13	to	to	ADP
afbr-76	178	14	n115,952.16	n115,952.16	PROPN
afbr-76	178	15	million	million	NUM
afbr-76	178	16	in	in	ADP
afbr-76	178	17	2000	2000	NUM
afbr-76	178	18	.	.	PUNCT
afbr-76	179	1	furthermore	furthermore	ADV
afbr-76	179	2	,	,	PUNCT
afbr-76	179	3	it	it	PRON
afbr-76	179	4	increased	increase	VERB
afbr-76	179	5	from	from	ADP
afbr-76	179	6	n654,193.18	n654,193.18	NOUN
afbr-76	179	7	million	million	NUM
afbr-76	179	8	in	in	ADP
afbr-76	179	9	2005	2005	NUM
afbr-76	179	10	to	to	ADP
afbr-76	179	11	n1,779,594.79	n1,779,594.79	PROPN
afbr-76	179	12	million	million	NUM
afbr-76	179	13	in	in	ADP
afbr-76	179	14	2006	2006	NUM
afbr-76	179	15	,	,	PUNCT
afbr-76	179	16	indicating	indicate	VERB
afbr-76	179	17	a	a	DET
afbr-76	179	18	growth	growth	NOUN
afbr-76	179	19	rate	rate	NOUN
afbr-76	179	20	of	of	ADP
afbr-76	179	21	172	172	NUM
afbr-76	179	22	per	per	ADP
afbr-76	179	23	cent	cent	NOUN
afbr-76	179	24	.	.	PUNCT
afbr-76	180	1	in	in	ADP
afbr-76	180	2	2007	2007	NUM
afbr-76	180	3	,	,	PUNCT
afbr-76	180	4	it	it	PRON
afbr-76	180	5	dropped	drop	VERB
afbr-76	180	6	to	to	ADP
afbr-76	180	7	n759,380.40	n759,380.40	NOUN
afbr-76	180	8	million	million	NUM
afbr-76	180	9	but	but	CCONJ
afbr-76	180	10	rose	rise	VERB
afbr-76	180	11	to	to	ADP
afbr-76	180	12	n802,615.70	n802,615.70	PRON
afbr-76	180	13	million	million	NUM
afbr-76	180	14	in	in	ADP
afbr-76	180	15	2008	2008	NUM
afbr-76	180	16	.	.	PUNCT
afbr-76	181	1	within	within	ADP
afbr-76	181	2	the	the	DET
afbr-76	181	3	same	same	ADJ
afbr-76	181	4	period	period	NOUN
afbr-76	181	5	,	,	PUNCT
afbr-76	181	6	while	while	SCONJ
afbr-76	181	7	the	the	DET
afbr-76	181	8	economy	economy	NOUN
afbr-76	181	9	was	be	AUX
afbr-76	181	10	experiencing	experience	VERB
afbr-76	181	11	huge	huge	ADJ
afbr-76	181	12	inflows	inflow	NOUN
afbr-76	181	13	of	of	ADP
afbr-76	181	14	fdi	fdi	PROPN
afbr-76	181	15	,	,	PUNCT
afbr-76	181	16	it	it	PRON
afbr-76	181	17	also	also	ADV
afbr-76	181	18	witnessed	witness	VERB
afbr-76	181	19	some	some	DET
afbr-76	181	20	outflows	outflow	NOUN
afbr-76	181	21	.	.	PUNCT
afbr-76	182	1	between	between	ADP
afbr-76	182	2	1986	1986	NUM
afbr-76	182	3	-	-	SYM
afbr-76	182	4	2008	2008	NUM
afbr-76	182	5	,	,	PUNCT
afbr-76	182	6	the	the	DET
afbr-76	182	7	inflow	inflow	NOUN
afbr-76	182	8	of	of	ADP
afbr-76	182	9	fdi	fdi	NOUN
afbr-76	182	10	was	be	AUX
afbr-76	182	11	n4,024.00	n4,024.00	PROPN
afbr-76	182	12	million	million	NUM
afbr-76	182	13	in	in	ADP
afbr-76	182	14	1986	1986	NUM
afbr-76	182	15	,	,	PUNCT
afbr-76	182	16	while	while	SCONJ
afbr-76	182	17	the	the	DET
afbr-76	182	18	outflow	outflow	NOUN
afbr-76	182	19	was	be	AUX
afbr-76	182	20	n1,524.40	n1,524.40	PROPN
afbr-76	182	21	million	million	NUM
afbr-76	182	22	,	,	PUNCT
afbr-76	182	23	resulting	result	VERB
afbr-76	182	24	in	in	ADP
afbr-76	182	25	a	a	DET
afbr-76	182	26	net	net	ADJ
afbr-76	182	27	flow	flow	NOUN
afbr-76	182	28	of	of	ADP
afbr-76	182	29	n2,499.60	n2,499.60	PROPN
afbr-76	182	30	million	million	NUM
afbr-76	182	31	.	.	PUNCT
afbr-76	183	1	in	in	ADP
afbr-76	183	2	2000	2000	NUM
afbr-76	183	3	,	,	PUNCT
afbr-76	183	4	n16,453.60	n16,453.60	NUM
afbr-76	183	5	million	million	NUM
afbr-76	183	6	was	be	AUX
afbr-76	183	7	fdi	fdi	NOUN
afbr-76	183	8	inflow	inflow	NOUN
afbr-76	183	9	compared	compare	VERB
afbr-76	183	10	to	to	ADP
afbr-76	183	11	n13,106.60	n13,106.60	PROPN
afbr-76	183	12	million	million	NUM
afbr-76	183	13	outflow	outflow	NOUN
afbr-76	183	14	.	.	PUNCT
afbr-76	184	1	in	in	ADP
afbr-76	184	2	2007	2007	NUM
afbr-76	184	3	,	,	PUNCT
afbr-76	184	4	the	the	DET
afbr-76	184	5	fdi	fdi	ADJ
afbr-76	184	6	inflow	inflow	NOUN
afbr-76	184	7	and	and	CCONJ
afbr-76	184	8	outflow	outflow	NOUN
afbr-76	184	9	were	be	AUX
afbr-76	184	10	n54,254.20	n54,254.20	NOUN
afbr-76	184	11	million	million	NUM
afbr-76	184	12	and	and	CCONJ
afbr-76	184	13	n328.80	n328.80	NOUN
afbr-76	184	14	million	million	NUM
afbr-76	184	15	,	,	PUNCT
afbr-76	184	16	respectively	respectively	ADV
afbr-76	184	17	,	,	PUNCT
afbr-76	184	18	while	while	SCONJ
afbr-76	184	19	the	the	DET
afbr-76	184	20	net	net	ADJ
afbr-76	184	21	flow	flow	NOUN
afbr-76	184	22	was	be	AUX
afbr-76	184	23	n53,924.80	n53,924.80	ADP
afbr-76	184	24	million	million	NUM
afbr-76	184	25	.	.	PUNCT
afbr-76	185	1	however	however	ADV
afbr-76	185	2	,	,	PUNCT
afbr-76	185	3	the	the	DET
afbr-76	185	4	inflow	inflow	NOUN
afbr-76	185	5	and	and	CCONJ
afbr-76	185	6	outflow	outflow	NOUN
afbr-76	185	7	dropped	drop	VERB
afbr-76	185	8	to	to	ADP
afbr-76	185	9	n37,977.70	n37,977.70	NOUN
afbr-76	185	10	million	million	NUM
afbr-76	185	11	and	and	CCONJ
afbr-76	185	12	n4,362.50	n4,362.50	PROPN
afbr-76	185	13	million	million	NUM
afbr-76	185	14	in	in	ADP
afbr-76	185	15	2008	2008	NUM
afbr-76	185	16	,	,	PUNCT
afbr-76	185	17	resulting	result	VERB
afbr-76	185	18	in	in	ADP
afbr-76	185	19	a	a	DET
afbr-76	185	20	net	net	ADJ
afbr-76	185	21	flow	flow	NOUN
afbr-76	185	22	of	of	ADP
afbr-76	185	23	n33,615.20	n33,615.20	NOUN
afbr-76	185	24	million	million	NUM
afbr-76	185	25	.	.	PUNCT
afbr-76	186	1	averagely	averagely	ADV
afbr-76	186	2	,	,	PUNCT
afbr-76	186	3	the	the	DET
afbr-76	186	4	annual	annual	ADJ
afbr-76	186	5	fdi	fdi	ADJ
afbr-76	186	6	inflow	inflow	NOUN
afbr-76	186	7	and	and	CCONJ
afbr-76	186	8	outflow	outflow	NOUN
afbr-76	186	9	in	in	ADP
afbr-76	186	10	the	the	DET
afbr-76	186	11	economy	economy	NOUN
afbr-76	186	12	for	for	ADP
afbr-76	186	13	the	the	DET
afbr-76	186	14	period	period	NOUN
afbr-76	186	15	under	under	ADP
afbr-76	186	16	review	review	NOUN
afbr-76	186	17	was	be	AUX
afbr-76	186	18	n18,755.49	n18,755.49	ADV
afbr-76	186	19	million	million	NUM
afbr-76	186	20	and	and	CCONJ
afbr-76	186	21	n4,090.89	n4,090.89	PROPN
afbr-76	186	22	million	million	NUM
afbr-76	186	23	,	,	PUNCT
afbr-76	186	24	respectively	respectively	ADV
afbr-76	186	25	,	,	PUNCT
afbr-76	186	26	thereby	thereby	ADV
afbr-76	186	27	,	,	PUNCT
afbr-76	186	28	resulting	result	VERB
afbr-76	186	29	in	in	ADP
afbr-76	186	30	a	a	DET
afbr-76	186	31	net	net	ADJ
afbr-76	186	32	flow	flow	NOUN
afbr-76	186	33	of	of	ADP
afbr-76	186	34	n14,518.59	n14,518.59	ADJ
afbr-76	186	35	million	million	NUM
afbr-76	186	36	.	.	PUNCT
afbr-76	187	1	achieving	achieve	VERB
afbr-76	187	2	a	a	DET
afbr-76	187	3	positive	positive	ADJ
afbr-76	187	4	net	net	ADJ
afbr-76	187	5	foreign	foreign	ADJ
afbr-76	187	6	investment	investment	NOUN
afbr-76	187	7	is	be	AUX
afbr-76	187	8	important	important	ADJ
afbr-76	187	9	in	in	ADP
afbr-76	187	10	influencing	influence	VERB
afbr-76	187	11	the	the	DET
afbr-76	187	12	overall	overall	ADJ
afbr-76	187	13	position	position	NOUN
afbr-76	187	14	of	of	ADP
afbr-76	187	15	a	a	DET
afbr-76	187	16	country	country	NOUN
afbr-76	187	17	’s	’s	PART
afbr-76	187	18	external	external	ADJ
afbr-76	187	19	sector	sector	NOUN
afbr-76	187	20	.	.	PUNCT
afbr-76	188	1	▪	▪	ADJ
afbr-76	188	2	empirical	empirical	ADJ
afbr-76	188	3	review	review	NOUN
afbr-76	188	4	aggarwal	aggarwal	NOUN
afbr-76	188	5	,	,	PUNCT
afbr-76	188	6	et	et	PROPN
afbr-76	188	7	al	al	PROPN
afbr-76	188	8	,	,	PUNCT
afbr-76	188	9	(	(	PUNCT
afbr-76	188	10	2003	2003	NUM
afbr-76	188	11	)	)	PUNCT
afbr-76	188	12	examined	examine	VERB
afbr-76	188	13	the	the	DET
afbr-76	188	14	investment	investment	NOUN
afbr-76	188	15	allocation	allocation	NOUN
afbr-76	188	16	choices	choice	NOUN
afbr-76	188	17	of	of	ADP
afbr-76	188	18	actively	actively	ADV
afbr-76	188	19	-	-	PUNCT
afbr-76	188	20	managed	manage	VERB
afbr-76	188	21	u.s	u.s	PROPN
afbr-76	188	22	.	.	PROPN
afbr-76	188	23	mutual	mutual	ADJ
afbr-76	188	24	funds	fund	NOUN
afbr-76	188	25	in	in	ADP
afbr-76	188	26	emerging	emerge	VERB
afbr-76	188	27	markets	market	NOUN
afbr-76	188	28	after	after	ADP
afbr-76	188	29	the	the	DET
afbr-76	188	30	asian	asian	ADJ
afbr-76	188	31	financial	financial	ADJ
afbr-76	188	32	crisis	crisis	NOUN
afbr-76	188	33	.	.	PUNCT
afbr-76	189	1	they	they	PRON
afbr-76	189	2	analyzed	analyze	VERB
afbr-76	189	3	both	both	DET
afbr-76	189	4	countryand	countryand	NOUN
afbr-76	189	5	firm	firm	ADJ
afbr-76	189	6	-	-	PUNCT
afbr-76	189	7	level	level	NOUN
afbr-76	189	8	governance	governance	NOUN
afbr-76	189	9	and	and	CCONJ
afbr-76	189	10	disclosure	disclosure	NOUN
afbr-76	189	11	policies	policy	NOUN
afbr-76	189	12	that	that	PRON
afbr-76	189	13	influence	influence	VERB
afbr-76	189	14	these	these	DET
afbr-76	189	15	investment	investment	NOUN
afbr-76	189	16	allocation	allocation	NOUN
afbr-76	189	17	decisions	decision	NOUN
afbr-76	189	18	.	.	PUNCT
afbr-76	190	1	at	at	ADP
afbr-76	190	2	the	the	DET
afbr-76	190	3	country	country	NOUN
afbr-76	190	4	-	-	PUNCT
afbr-76	190	5	level	level	NOUN
afbr-76	190	6	,	,	PUNCT
afbr-76	190	7	they	they	PRON
afbr-76	190	8	find	find	VERB
afbr-76	190	9	that	that	SCONJ
afbr-76	190	10	u.s	u.s	PROPN
afbr-76	190	11	.	.	PROPN
afbr-76	190	12	funds	fund	NOUN
afbr-76	190	13	invest	invest	VERB
afbr-76	190	14	more	more	ADV
afbr-76	190	15	in	in	ADP
afbr-76	190	16	open	open	ADJ
afbr-76	190	17	emerging	emerge	VERB
afbr-76	190	18	markets	market	NOUN
afbr-76	190	19	with	with	ADP
afbr-76	190	20	stronger	strong	ADJ
afbr-76	190	21	shareholder	shareholder	NOUN
afbr-76	190	22	rights	right	NOUN
afbr-76	190	23	,	,	PUNCT
afbr-76	190	24	legal	legal	ADJ
afbr-76	190	25	frameworks	framework	NOUN
afbr-76	190	26	and	and	CCONJ
afbr-76	190	27	accounting	accounting	NOUN
afbr-76	190	28	standards	standard	NOUN
afbr-76	190	29	.	.	PUNCT
afbr-76	191	1	after	after	ADP
afbr-76	191	2	controlling	control	VERB
afbr-76	191	3	for	for	ADP
afbr-76	191	4	country	country	NOUN
afbr-76	191	5	characteristics	characteristic	NOUN
afbr-76	191	6	,	,	PUNCT
afbr-76	191	7	u.s	u.s	PROPN
afbr-76	191	8	.	.	PROPN
afbr-76	191	9	funds	fund	NOUN
afbr-76	191	10	are	be	AUX
afbr-76	191	11	found	find	VERB
afbr-76	191	12	to	to	PART
afbr-76	191	13	invest	invest	VERB
afbr-76	191	14	more	more	ADJ
afbr-76	191	15	in	in	ADP
afbr-76	191	16	firms	firm	NOUN
afbr-76	191	17	that	that	PRON
afbr-76	191	18	adopt	adopt	VERB
afbr-76	191	19	policies	policy	NOUN
afbr-76	191	20	resulting	result	VERB
afbr-76	191	21	in	in	ADP
afbr-76	191	22	greater	great	ADJ
afbr-76	191	23	transparency	transparency	NOUN
afbr-76	191	24	and	and	CCONJ
afbr-76	191	25	accounting	accounting	NOUN
afbr-76	191	26	disclosures	disclosure	NOUN
afbr-76	191	27	in	in	ADP
afbr-76	191	28	addition	addition	NOUN
afbr-76	191	29	to	to	ADP
afbr-76	191	30	characteristics	characteristic	NOUN
afbr-76	191	31	such	such	ADJ
afbr-76	191	32	as	as	ADP
afbr-76	191	33	size	size	NOUN
afbr-76	191	34	,	,	PUNCT
afbr-76	191	35	visibility	visibility	NOUN
afbr-76	191	36	,	,	PUNCT
afbr-76	191	37	and	and	CCONJ
afbr-76	191	38	high	high	ADJ
afbr-76	191	39	analyst	analyst	NOUN
afbr-76	191	40	following	following	NOUN
afbr-76	191	41	.	.	PUNCT
afbr-76	192	1	the	the	DET
afbr-76	192	2	impact	impact	NOUN
afbr-76	192	3	of	of	ADP
afbr-76	192	4	stronger	strong	ADJ
afbr-76	192	5	disclosure	disclosure	NOUN
afbr-76	192	6	and	and	CCONJ
afbr-76	192	7	transparency	transparency	NOUN
afbr-76	192	8	is	be	AUX
afbr-76	192	9	most	most	ADV
afbr-76	192	10	pronounced	pronounce	VERB
afbr-76	192	11	in	in	ADP
afbr-76	192	12	countries	country	NOUN
afbr-76	192	13	with	with	ADP
afbr-76	192	14	weaker	weak	ADJ
afbr-76	192	15	investor	investor	NOUN
afbr-76	192	16	protection	protection	NOUN
afbr-76	192	17	rai	rai	PROPN
afbr-76	192	18	and	and	CCONJ
afbr-76	192	19	bhanumurthy	bhanumurthy	ADJ
afbr-76	192	20	(	(	PUNCT
afbr-76	192	21	2007	2007	NUM
afbr-76	192	22	)	)	PUNCT
afbr-76	192	23	tried	try	VERB
afbr-76	192	24	to	to	PART
afbr-76	192	25	examine	examine	VERB
afbr-76	192	26	the	the	DET
afbr-76	192	27	determinants	determinant	NOUN
afbr-76	192	28	of	of	ADP
afbr-76	192	29	foreign	foreign	ADJ
afbr-76	192	30	institutional	institutional	ADJ
afbr-76	192	31	investments	investment	NOUN
afbr-76	192	32	in	in	ADP
afbr-76	192	33	india	india	PROPN
afbr-76	192	34	,	,	PUNCT
afbr-76	192	35	which	which	PRON
afbr-76	192	36	have	have	AUX
afbr-76	192	37	crossed	cross	VERB
afbr-76	192	38	almost	almost	ADV
afbr-76	192	39	12billionus	12billionus	NUM
afbr-76	192	40	dollar	dollar	NOUN
afbr-76	192	41	by	by	ADP
afbr-76	192	42	the	the	DET
afbr-76	192	43	end	end	NOUN
afbr-76	192	44	of	of	ADP
afbr-76	192	45	2002	2002	NUM
afbr-76	192	46	.	.	PUNCT
afbr-76	193	1	given	give	VERB
afbr-76	193	2	the	the	DET
afbr-76	193	3	huge	huge	ADJ
afbr-76	193	4	volume	volume	NOUN
afbr-76	193	5	of	of	ADP
afbr-76	193	6	these	these	DET
afbr-76	193	7	flows	flow	NOUN
afbr-76	193	8	and	and	CCONJ
afbr-76	193	9	its	its	PRON
afbr-76	193	10	impact	impact	NOUN
afbr-76	193	11	on	on	ADP
afbr-76	193	12	other	other	ADJ
afbr-76	193	13	domestic	domestic	ADJ
afbr-76	193	14	financial	financial	ADJ
afbr-76	193	15	markets	market	NOUN
afbr-76	193	16	,	,	PUNCT
afbr-76	193	17	understanding	understand	VERB
afbr-76	193	18	the	the	DET
afbr-76	193	19	behavior	behavior	NOUN
afbr-76	193	20	of	of	ADP
afbr-76	193	21	these	these	DET
afbr-76	193	22	flows	flow	NOUN
afbr-76	193	23	becomes	become	VERB
afbr-76	193	24	very	very	ADV
afbr-76	193	25	important	important	ADJ
afbr-76	193	26	at	at	ADP
afbr-76	193	27	the	the	DET
afbr-76	193	28	time	time	NOUN
afbr-76	193	29	of	of	ADP
afbr-76	193	30	liberalizing	liberalize	VERB
afbr-76	193	31	capital	capital	NOUN
afbr-76	193	32	account	account	NOUN
afbr-76	193	33	.	.	PUNCT
afbr-76	194	1	in	in	ADP
afbr-76	194	2	this	this	DET
afbr-76	194	3	study	study	NOUN
afbr-76	194	4	,	,	PUNCT
afbr-76	194	5	by	by	ADP
afbr-76	194	6	using	use	VERB
afbr-76	194	7	monthly	monthly	ADJ
afbr-76	194	8	data	datum	NOUN
afbr-76	194	9	,	,	PUNCT
afbr-76	194	10	they	they	PRON
afbr-76	194	11	found	find	VERB
afbr-76	194	12	that	that	SCONJ
afbr-76	194	13	fpi	fpi	PROPN
afbr-76	194	14	inflow	inflow	NOUN
afbr-76	194	15	depends	depend	VERB
afbr-76	194	16	on	on	ADP
afbr-76	194	17	stock	stock	NOUN
afbr-76	194	18	market	market	NOUN
afbr-76	194	19	returns	return	NOUN
afbr-76	194	20	,	,	PUNCT
afbr-76	194	21	inflation	inflation	NOUN
afbr-76	194	22	rate	rate	NOUN
afbr-76	194	23	(	(	PUNCT
afbr-76	194	24	both	both	CCONJ
afbr-76	194	25	domestic	domestic	ADJ
afbr-76	194	26	and	and	CCONJ
afbr-76	194	27	foreign	foreign	ADJ
afbr-76	194	28	)	)	PUNCT
afbr-76	194	29	and	and	CCONJ
afbr-76	194	30	ex	ex	NOUN
afbr-76	194	31	-	-	NOUN
afbr-76	194	32	ante	ante	ADJ
afbr-76	194	33	risk	risk	NOUN
afbr-76	194	34	.	.	PUNCT
afbr-76	195	1	in	in	ADP
afbr-76	195	2	terms	term	NOUN
afbr-76	195	3	of	of	ADP
afbr-76	195	4	magnitude	magnitude	NOUN
afbr-76	195	5	,	,	PUNCT
afbr-76	195	6	the	the	DET
afbr-76	195	7	impact	impact	NOUN
afbr-76	195	8	of	of	ADP
afbr-76	195	9	stock	stock	NOUN
afbr-76	195	10	market	market	NOUN
afbr-76	195	11	returns	return	NOUN
afbr-76	195	12	and	and	CCONJ
afbr-76	195	13	the	the	DET
afbr-76	195	14	ex	ex	NOUN
afbr-76	195	15	-	-	NOUN
afbr-76	195	16	ante	ante	ADJ
afbr-76	195	17	risk	risk	NOUN
afbr-76	195	18	turned	turn	VERB
afbr-76	195	19	out	out	ADP
afbr-76	195	20	to	to	PART
afbr-76	195	21	be	be	AUX
afbr-76	195	22	major	major	ADJ
afbr-76	195	23	determinants	determinant	NOUN
afbr-76	195	24	of	of	ADP
afbr-76	195	25	fpi	fpi	PROPN
afbr-76	195	26	inflow	inflow	NOUN
afbr-76	195	27	.	.	PUNCT
afbr-76	196	1	this	this	DET
afbr-76	196	2	study	study	NOUN
afbr-76	196	3	did	do	AUX
afbr-76	196	4	not	not	PART
afbr-76	196	5	find	find	VERB
afbr-76	196	6	any	any	DET
afbr-76	196	7	causation	causation	NOUN
afbr-76	196	8	running	run	VERB
afbr-76	196	9	from	from	ADP
afbr-76	196	10	foreign	foreign	ADJ
afbr-76	196	11	portfolio	portfolio	NOUN
afbr-76	196	12	investment	investment	NOUN
afbr-76	196	13	inflow	inflow	NOUN
afbr-76	196	14	to	to	ADP
afbr-76	196	15	stock	stock	NOUN
afbr-76	196	16	returns	return	NOUN
afbr-76	196	17	as	as	SCONJ
afbr-76	196	18	it	it	PRON
afbr-76	196	19	was	be	AUX
afbr-76	196	20	found	find	VERB
afbr-76	196	21	by	by	ADP
afbr-76	196	22	some	some	DET
afbr-76	196	23	studies	study	NOUN
afbr-76	196	24	.	.	PUNCT
afbr-76	197	1	baharumshah	baharumshah	NOUN
afbr-76	197	2	and	and	CCONJ
afbr-76	197	3	thanoon	thanoon	NOUN
afbr-76	197	4	(	(	PUNCT
afbr-76	197	5	2006	2006	NUM
afbr-76	197	6	)	)	PUNCT
afbr-76	197	7	provided	provide	VERB
afbr-76	197	8	a	a	DET
afbr-76	197	9	quantitative	quantitative	ADJ
afbr-76	197	10	assessment	assessment	NOUN
afbr-76	197	11	of	of	ADP
afbr-76	197	12	the	the	DET
afbr-76	197	13	effect	effect	NOUN
afbr-76	197	14	of	of	ADP
afbr-76	197	15	various	various	ADJ
afbr-76	197	16	types	type	NOUN
afbr-76	197	17	of	of	ADP
afbr-76	197	18	capital	capital	NOUN
afbr-76	197	19	flows	flow	NOUN
afbr-76	197	20	on	on	ADP
afbr-76	197	21	the	the	DET
afbr-76	197	22	growth	growth	NOUN
afbr-76	197	23	process	process	NOUN
afbr-76	197	24	of	of	ADP
afbr-76	197	25	the	the	DET
afbr-76	197	26	east	east	ADJ
afbr-76	197	27	asian	asian	ADJ
afbr-76	197	28	countries	country	NOUN
afbr-76	197	29	,	,	PUNCT
afbr-76	197	30	including	include	VERB
afbr-76	197	31	china	china	PROPN
afbr-76	197	32	.	.	PUNCT
afbr-76	198	1	the	the	DET
afbr-76	198	2	empirical	empirical	ADJ
afbr-76	198	3	analysis	analysis	NOUN
afbr-76	198	4	was	be	AUX
afbr-76	198	5	based	base	VERB
afbr-76	198	6	on	on	ADP
afbr-76	198	7	dynamic	dynamic	ADJ
afbr-76	198	8	panel	panel	NOUN
afbr-76	198	9	data	datum	NOUN
afbr-76	198	10	and	and	CCONJ
afbr-76	198	11	they	they	PRON
afbr-76	198	12	found	find	VERB
afbr-76	198	13	;	;	PUNCT
afbr-76	198	14	first	first	ADV
afbr-76	198	15	,	,	PUNCT
afbr-76	198	16	that	that	SCONJ
afbr-76	198	17	domestic	domestic	ADJ
afbr-76	198	18	savings	saving	NOUN
afbr-76	198	19	contribute	contribute	VERB
afbr-76	198	20	positively	positively	ADV
afbr-76	198	21	to	to	ADP
afbr-76	198	22	long	long	ADJ
afbr-76	198	23	-	-	PUNCT
afbr-76	198	24	term	term	NOUN
afbr-76	198	25	economic	economic	ADJ
afbr-76	198	26	growth	growth	NOUN
afbr-76	198	27	.	.	PUNCT
afbr-76	199	1	second	second	ADV
afbr-76	199	2	,	,	PUNCT
afbr-76	199	3	they	they	PRON
afbr-76	199	4	confirm	confirm	VERB
afbr-76	199	5	that	that	SCONJ
afbr-76	199	6	foreign	foreign	ADJ
afbr-76	199	7	direct	direct	ADJ
afbr-76	199	8	investment	investment	NOUN
afbr-76	199	9	(	(	PUNCT
afbr-76	199	10	fdi	fdi	NOUN
afbr-76	199	11	)	)	PUNCT
afbr-76	199	12	is	be	AUX
afbr-76	199	13	growth	growth	NOUN
afbr-76	199	14	enhancing	enhance	VERB
afbr-76	199	15	and	and	CCONJ
afbr-76	199	16	that	that	SCONJ
afbr-76	199	17	its	its	PRON
afbr-76	199	18	impact	impact	NOUN
afbr-76	199	19	is	be	AUX
afbr-76	199	20	felt	feel	VERB
afbr-76	199	21	both	both	CCONJ
afbr-76	199	22	in	in	ADP
afbr-76	199	23	the	the	DET
afbr-76	199	24	short	short	ADJ
afbr-76	199	25	and	and	CCONJ
afbr-76	199	26	long	long	ADJ
afbr-76	199	27	run	run	NOUN
afbr-76	199	28	.	.	PUNCT
afbr-76	200	1	additionally	additionally	ADV
afbr-76	200	2	,	,	PUNCT
afbr-76	200	3	fdi	fdi	NOUN
afbr-76	200	4	influence	influence	NOUN
afbr-76	200	5	on	on	ADP
afbr-76	200	6	growth	growth	NOUN
afbr-76	200	7	is	be	AUX
afbr-76	200	8	much	much	ADV
afbr-76	200	9	higher	high	ADJ
afbr-76	200	10	than	than	ADP
afbr-76	200	11	domestic	domestic	ADJ
afbr-76	200	12	savings	saving	NOUN
afbr-76	200	13	.	.	PUNCT
afbr-76	201	1	third	third	ADJ
afbr-76	201	2	,	,	PUNCT
afbr-76	201	3	short	short	ADJ
afbr-76	201	4	-	-	PUNCT
afbr-76	201	5	term	term	NOUN
afbr-76	201	6	capital	capital	NOUN
afbr-76	201	7	inflow	inflow	NOUN
afbr-76	201	8	has	have	VERB
afbr-76	201	9	adverse	adverse	ADJ
afbr-76	201	10	effect	effect	NOUN
afbr-76	201	11	on	on	ADP
afbr-76	201	12	the	the	DET
afbr-76	201	13	long	long	ADJ
afbr-76	201	14	-	-	PUNCT
afbr-76	201	15	term	term	NOUN
afbr-76	201	16	as	as	ADV
afbr-76	201	17	well	well	ADV
afbr-76	201	18	as	as	ADP
afbr-76	201	19	short	short	ADJ
afbr-76	201	20	-	-	PUNCT
afbr-76	201	21	term	term	NOUN
afbr-76	201	22	growth	growth	NOUN
afbr-76	201	23	prospects	prospect	NOUN
afbr-76	201	24	and	and	CCONJ
afbr-76	201	25	it	it	PRON
afbr-76	201	26	appears	appear	VERB
afbr-76	201	27	to	to	PART
afbr-76	201	28	be	be	AUX
afbr-76	201	29	sensitive	sensitive	ADJ
afbr-76	201	30	to	to	ADP
afbr-76	201	31	long	long	ADJ
afbr-76	201	32	-	-	PUNCT
afbr-76	201	33	term	term	NOUN
afbr-76	201	34	capital	capital	NOUN
afbr-76	201	35	inflows	inflow	NOUN
afbr-76	201	36	.	.	PUNCT
afbr-76	202	1	fourth	fourth	ADJ
afbr-76	202	2	,	,	PUNCT
afbr-76	202	3	long	long	ADJ
afbr-76	202	4	-	-	PUNCT
afbr-76	202	5	term	term	NOUN
afbr-76	202	6	debt	debt	NOUN
afbr-76	202	7	has	have	VERB
afbr-76	202	8	positive	positive	ADJ
afbr-76	202	9	effect	effect	NOUN
afbr-76	202	10	on	on	ADP
afbr-76	202	11	growth	growth	NOUN
afbr-76	202	12	but	but	CCONJ
afbr-76	202	13	its	its	PRON
afbr-76	202	14	effect	effect	NOUN
afbr-76	202	15	does	do	AUX
afbr-76	202	16	somewhat	somewhat	ADV
afbr-76	202	17	disappear	disappear	VERB
afbr-76	202	18	in	in	ADP
afbr-76	202	19	the	the	DET
afbr-76	202	20	long	long	ADJ
afbr-76	202	21	-	-	PUNCT
afbr-76	202	22	term	term	NOUN
afbr-76	202	23	.	.	PUNCT
afbr-76	203	1	by	by	ADP
afbr-76	203	2	and	and	CCONJ
afbr-76	203	3	large	large	ADJ
afbr-76	203	4	,	,	PUNCT
afbr-76	203	5	the	the	DET
afbr-76	203	6	observed	observe	VERB
afbr-76	203	7	positive	positive	ADJ
afbr-76	203	8	contribution	contribution	NOUN
afbr-76	203	9	of	of	ADP
afbr-76	203	10	fdi	fdi	NOUN
afbr-76	203	11	in	in	ADP
afbr-76	203	12	the	the	DET
afbr-76	203	13	growth	growth	NOUN
afbr-76	203	14	process	process	NOUN
afbr-76	203	15	of	of	ADP
afbr-76	203	16	east	east	ADJ
afbr-76	203	17	asian	asian	ADJ
afbr-76	203	18	economies	economy	NOUN
afbr-76	203	19	is	be	AUX
afbr-76	203	20	a	a	DET
afbr-76	203	21	robust	robust	ADJ
afbr-76	203	22	finding	finding	NOUN
afbr-76	203	23	.	.	PUNCT
afbr-76	204	1	durham	durham	PROPN
afbr-76	204	2	(	(	PUNCT
afbr-76	204	3	2003	2003	NUM
afbr-76	204	4	)	)	PUNCT
afbr-76	204	5	focused	focus	VERB
afbr-76	204	6	on	on	ADP
afbr-76	204	7	the	the	DET
afbr-76	204	8	effects	effect	NOUN
afbr-76	204	9	of	of	ADP
afbr-76	204	10	foreign	foreign	ADJ
afbr-76	204	11	portfolio	portfolio	NOUN
afbr-76	204	12	investment	investment	NOUN
afbr-76	204	13	(	(	PUNCT
afbr-76	204	14	fpi	fpi	PROPN
afbr-76	204	15	)	)	PUNCT
afbr-76	204	16	and	and	CCONJ
afbr-76	204	17	other	other	ADJ
afbr-76	204	18	foreign	foreign	ADJ
afbr-76	204	19	investment	investment	NOUN
afbr-76	204	20	(	(	PUNCT
afbr-76	204	21	ofi	ofi	PROPN
afbr-76	204	22	)	)	PUNCT
afbr-76	204	23	on	on	ADP
afbr-76	204	24	economic	economic	ADJ
afbr-76	204	25	growth	growth	NOUN
afbr-76	204	26	using	use	VERB
afbr-76	204	27	data	datum	NOUN
afbr-76	204	28	on	on	ADP
afbr-76	204	29	88	88	NUM
afbr-76	204	30	countries	country	NOUN
afbr-76	204	31	from	from	ADP
afbr-76	204	32	1977	1977	NUM
afbr-76	204	33	through	through	ADP
afbr-76	204	34	2000	2000	NUM
afbr-76	204	35	.	.	PUNCT
afbr-76	205	1	most	most	ADJ
afbr-76	205	2	measures	measure	NOUN
afbr-76	205	3	suggest	suggest	VERB
afbr-76	205	4	that	that	SCONJ
afbr-76	205	5	fpi	fpi	PROPN
afbr-76	205	6	has	have	VERB
afbr-76	205	7	no	no	DET
afbr-76	205	8	effect	effect	NOUN
afbr-76	205	9	and	and	CCONJ
afbr-76	205	10	some	some	DET
afbr-76	205	11	results	result	NOUN
afbr-76	205	12	indicates	indicate	VERB
afbr-76	205	13	that	that	SCONJ
afbr-76	205	14	ofi	ofi	PROPN
afbr-76	205	15	has	have	VERB
afbr-76	205	16	a	a	DET
afbr-76	205	17	negative	negative	ADJ
afbr-76	205	18	impact	impact	NOUN
afbr-76	205	19	on	on	ADP
afbr-76	205	20	growth	growth	NOUN
afbr-76	205	21	that	that	PRON
afbr-76	205	22	is	be	AUX
afbr-76	205	23	somewhat	somewhat	ADV
afbr-76	205	24	mitigated	mitigate	VERB
afbr-76	205	25	by	by	ADP
afbr-76	205	26	initial	initial	ADJ
afbr-76	205	27	financial	financial	ADJ
afbr-76	205	28	and	and	CCONJ
afbr-76	205	29	or	or	CCONJ
afbr-76	205	30	legal	legal	ADJ
afbr-76	205	31	development	development	NOUN
afbr-76	205	32	.	.	PUNCT
afbr-76	206	1	jenkins	jenkin	NOUN
afbr-76	206	2	and	and	CCONJ
afbr-76	206	3	thomas	thomas	PROPN
afbr-76	206	4	(	(	PUNCT
afbr-76	206	5	2002	2002	NUM
afbr-76	206	6	)	)	PUNCT
afbr-76	206	7	examined	examine	VERB
afbr-76	206	8	the	the	DET
afbr-76	206	9	determinants	determinant	NOUN
afbr-76	206	10	of	of	ADP
afbr-76	206	11	foreign	foreign	ADJ
afbr-76	206	12	portfolio	portfolio	NOUN
afbr-76	206	13	investment	investment	NOUN
afbr-76	206	14	(	(	PUNCT
afbr-76	206	15	fpi	fpi	PROPN
afbr-76	206	16	)	)	PUNCT
afbr-76	206	17	and	and	CCONJ
afbr-76	206	18	its	its	PRON
afbr-76	206	19	impact	impact	NOUN
afbr-76	206	20	on	on	ADP
afbr-76	206	21	the	the	DET
afbr-76	206	22	national	national	ADJ
afbr-76	206	23	economy	economy	NOUN
afbr-76	206	24	in	in	ADP
afbr-76	206	25	six	six	NUM
afbr-76	206	26	developing	develop	VERB
afbr-76	206	27	asian	asian	ADJ
afbr-76	206	28	countries	country	NOUN
afbr-76	206	29	.	.	PUNCT
afbr-76	207	1	regression	regression	NOUN
afbr-76	207	2	results	result	NOUN
afbr-76	207	3	show	show	VERB
afbr-76	207	4	that	that	SCONJ
afbr-76	207	5	inflation	inflation	NOUN
afbr-76	207	6	rate	rate	NOUN
afbr-76	207	7	,	,	PUNCT
afbr-76	207	8	index	index	NOUN
afbr-76	207	9	of	of	ADP
afbr-76	207	10	economic	economic	ADJ
afbr-76	207	11	activity	activity	NOUN
afbr-76	207	12	and	and	CCONJ
afbr-76	207	13	the	the	DET
afbr-76	207	14	share	share	NOUN
afbr-76	207	15	of	of	ADP
afbr-76	207	16	domestic	domestic	ADJ
afbr-76	207	17	capital	capital	NOUN
afbr-76	207	18	market	market	NOUN
afbr-76	207	19	in	in	ADP
afbr-76	207	20	the	the	DET
afbr-76	207	21	world	world	NOUN
afbr-76	207	22	stock	stock	NOUN
afbr-76	207	23	market	market	NOUN
afbr-76	207	24	capitalization	capitalization	NOUN
afbr-76	207	25	are	be	AUX
afbr-76	207	26	four	four	NUM
afbr-76	207	27	statistically	statistically	ADV
afbr-76	207	28	significant	significant	ADJ
afbr-76	207	29	determinants	determinant	NOUN
afbr-76	207	30	of	of	ADP
afbr-76	207	31	fpi	fpi	PROPN
afbr-76	207	32	.	.	PUNCT
afbr-76	208	1	the	the	DET
afbr-76	208	2	first	first	ADJ
afbr-76	208	3	variable	variable	NOUN
afbr-76	208	4	has	have	VERB
afbr-76	208	5	a	a	DET
afbr-76	208	6	negative	negative	ADJ
afbr-76	208	7	coefficient	coefficient	NOUN
afbr-76	208	8	while	while	SCONJ
afbr-76	208	9	the	the	DET
afbr-76	208	10	last	last	ADJ
afbr-76	208	11	three	three	NUM
afbr-76	208	12	variables	variable	NOUN
afbr-76	208	13	possess	possess	VERB
afbr-76	208	14	positive	positive	ADJ
afbr-76	208	15	coefficients	coefficient	NOUN
afbr-76	208	16	.	.	PUNCT
afbr-76	209	1	foreign	foreign	ADJ
afbr-76	209	2	direct	direct	ADJ
afbr-76	209	3	investment	investment	NOUN
afbr-76	209	4	,	,	PUNCT
afbr-76	209	5	total	total	ADJ
afbr-76	209	6	foreign	foreign	ADJ
afbr-76	209	7	trade	trade	NOUN
afbr-76	209	8	and	and	CCONJ
afbr-76	209	9	current	current	ADJ
afbr-76	209	10	account	account	NOUN
afbr-76	209	11	deficit	deficit	NOUN
afbr-76	209	12	variables	variable	NOUN
afbr-76	209	13	are	be	AUX
afbr-76	209	14	found	find	VERB
afbr-76	209	15	to	to	PART
afbr-76	209	16	be	be	AUX
afbr-76	209	17	statistically	statistically	ADV
afbr-76	209	18	insignificant	insignificant	ADJ
afbr-76	209	19	.	.	PUNCT
afbr-76	210	1	lee	lee	PROPN
afbr-76	210	2	(	(	PUNCT
afbr-76	210	3	2007	2007	NUM
afbr-76	210	4	)	)	PUNCT
afbr-76	210	5	posits	posit	NOUN
afbr-76	210	6	that	that	SCONJ
afbr-76	210	7	in	in	ADP
afbr-76	210	8	the	the	DET
afbr-76	210	9	last	last	ADJ
afbr-76	210	10	several	several	ADJ
afbr-76	210	11	years	year	NOUN
afbr-76	210	12	there	there	PRON
afbr-76	210	13	has	have	AUX
afbr-76	210	14	been	be	AUX
afbr-76	210	15	a	a	DET
afbr-76	210	16	substantial	substantial	ADJ
afbr-76	210	17	theoretical	theoretical	ADJ
afbr-76	210	18	advancement	advancement	NOUN
afbr-76	210	19	in	in	ADP
afbr-76	210	20	our	our	PRON
afbr-76	210	21	understanding	understanding	NOUN
afbr-76	210	22	of	of	ADP
afbr-76	210	23	the	the	DET
afbr-76	210	24	factors	factor	NOUN
afbr-76	210	25	determining	determine	VERB
afbr-76	210	26	international	international	ADJ
afbr-76	210	27	portfolio	portfolio	NOUN
afbr-76	210	28	capital	capital	NOUN
afbr-76	210	29	movements	movement	NOUN
afbr-76	210	30	.	.	PUNCT
afbr-76	211	1	from	from	ADP
afbr-76	211	2	the	the	DET
afbr-76	211	3	mechanic	mechanic	ADJ
afbr-76	211	4	flow	flow	NOUN
afbr-76	211	5	theory	theory	NOUN
afbr-76	211	6	,	,	PUNCT
afbr-76	211	7	progress	progress	NOUN
afbr-76	211	8	has	have	AUX
afbr-76	211	9	been	be	AUX
afbr-76	211	10	made	make	VERB
afbr-76	211	11	to	to	ADP
afbr-76	211	12	the	the	DET
afbr-76	211	13	portfolio	portfolio	NOUN
afbr-76	211	14	-	-	PUNCT
afbr-76	211	15	adjustment	adjustment	NOUN
afbr-76	211	16	theory	theory	NOUN
afbr-76	211	17	which	which	PRON
afbr-76	211	18	rests	rest	VERB
afbr-76	211	19	on	on	ADP
afbr-76	211	20	a	a	DET
afbr-76	211	21	firmer	firm	ADJ
afbr-76	211	22	microeconomic	microeconomic	ADJ
afbr-76	211	23	foundation	foundation	NOUN
afbr-76	211	24	.	.	PUNCT
afbr-76	212	1	chukwuemeka	chukwuemeka	PROPN
afbr-76	212	2	(	(	PUNCT
afbr-76	212	3	2008	2008	NUM
afbr-76	212	4	)	)	PUNCT
afbr-76	212	5	examined	examine	VERB
afbr-76	212	6	the	the	DET
afbr-76	212	7	determinant	determinant	NOUN
afbr-76	212	8	of	of	ADP
afbr-76	212	9	foreign	foreign	ADJ
afbr-76	212	10	portfolio	portfolio	NOUN
afbr-76	212	11	investment	investment	NOUN
afbr-76	212	12	.	.	PUNCT
afbr-76	213	1	anayochukwu	anayochukwu	PROPN
afbr-76	213	2	(	(	PUNCT
afbr-76	213	3	2012	2012	NUM
afbr-76	213	4	)	)	PUNCT
afbr-76	213	5	examined	examine	VERB
afbr-76	213	6	the	the	DET
afbr-76	213	7	impact	impact	NOUN
afbr-76	213	8	of	of	ADP
afbr-76	213	9	stock	stock	NOUN
afbr-76	213	10	market	market	NOUN
afbr-76	213	11	returns	return	NOUN
afbr-76	213	12	on	on	ADP
afbr-76	213	13	foreign	foreign	ADJ
afbr-76	213	14	portfolio	portfolio	NOUN
afbr-76	213	15	investment	investment	NOUN
afbr-76	213	16	.	.	PUNCT
afbr-76	214	1	chi	chi	ADJ
afbr-76	214	2	-	-	PUNCT
afbr-76	214	3	chi	chi	PROPN
afbr-76	214	4	and	and	CCONJ
afbr-76	214	5	eze	eze	ADJ
afbr-76	214	6	(	(	PUNCT
afbr-76	214	7	2013	2013	NUM
afbr-76	214	8	)	)	PUNCT
afbr-76	214	9	examined	examine	VERB
afbr-76	214	10	the	the	DET
afbr-76	214	11	impact	impact	NOUN
afbr-76	214	12	of	of	ADP
afbr-76	214	13	macroeconomic	macroeconomic	ADJ
afbr-76	214	14	indicators	indicator	NOUN
afbr-76	214	15	on	on	ADP
afbr-76	214	16	the	the	DET
afbr-76	214	17	performance	performance	NOUN
afbr-76	214	18	of	of	ADP
afbr-76	214	19	foreign	foreign	ADJ
afbr-76	214	20	portfolio	portfolio	NOUN
afbr-76	214	21	investment	investment	NOUN
afbr-76	214	22	.	.	PUNCT
afbr-76	215	1	there	there	ADV
afbr-76	215	2	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADP
afbr-76	215	3	australian	australian	ADJ
afbr-76	215	4	finance	finance	PROPN
afbr-76	215	5	&	&	CCONJ
afbr-76	215	6	banking	banking	PROPN
afbr-76	215	7	review	review	PROPN
afbr-76	215	8	vol	vol	NOUN
afbr-76	215	9	.	.	PROPN
afbr-76	216	1	2	2	NUM
afbr-76	216	2	,	,	PUNCT
afbr-76	216	3	no	no	INTJ
afbr-76	216	4	.	.	NOUN
afbr-76	216	5	1	1	NUM
afbr-76	216	6	;	;	PUNCT
afbr-76	216	7	2018	2018	NUM
afbr-76	216	8	18	18	NUM
afbr-76	216	9	are	be	AUX
afbr-76	216	10	however	however	ADV
afbr-76	216	11	,	,	PUNCT
afbr-76	216	12	few	few	ADJ
afbr-76	216	13	empirical	empirical	ADJ
afbr-76	216	14	studies	study	NOUN
afbr-76	216	15	on	on	ADP
afbr-76	216	16	the	the	DET
afbr-76	216	17	macroeconomic	macroeconomic	ADJ
afbr-76	216	18	variables	variable	NOUN
afbr-76	216	19	that	that	PRON
afbr-76	216	20	determine	determine	VERB
afbr-76	216	21	the	the	DET
afbr-76	216	22	inflow	inflow	NOUN
afbr-76	216	23	of	of	ADP
afbr-76	216	24	foreign	foreign	ADJ
afbr-76	216	25	portfolio	portfolio	NOUN
afbr-76	216	26	investments	investment	NOUN
afbr-76	216	27	.	.	PUNCT
afbr-76	217	1	3	3	X
afbr-76	217	2	.	.	X
afbr-76	217	3	research	research	NOUN
afbr-76	217	4	methodology	methodology	NOUN
afbr-76	217	5	the	the	DET
afbr-76	217	6	study	study	NOUN
afbr-76	217	7	uses	use	VERB
afbr-76	217	8	quasi	quasi	ADJ
afbr-76	217	9	experimental	experimental	ADJ
afbr-76	217	10	research	research	NOUN
afbr-76	217	11	design	design	NOUN
afbr-76	217	12	approach	approach	NOUN
afbr-76	217	13	for	for	ADP
afbr-76	217	14	the	the	DET
afbr-76	217	15	data	datum	NOUN
afbr-76	217	16	analysis	analysis	NOUN
afbr-76	217	17	.	.	PUNCT
afbr-76	218	1	the	the	DET
afbr-76	218	2	approach	approach	NOUN
afbr-76	218	3	combines	combine	VERB
afbr-76	218	4	theoretical	theoretical	ADJ
afbr-76	218	5	consideration	consideration	NOUN
afbr-76	218	6	with	with	ADP
afbr-76	218	7	the	the	DET
afbr-76	218	8	empirical	empirical	ADJ
afbr-76	218	9	observation	observation	NOUN
afbr-76	218	10	and	and	CCONJ
afbr-76	218	11	extract	extract	VERB
afbr-76	218	12	maximum	maximum	ADJ
afbr-76	218	13	information	information	NOUN
afbr-76	218	14	from	from	ADP
afbr-76	218	15	the	the	DET
afbr-76	218	16	available	available	ADJ
afbr-76	218	17	data	datum	NOUN
afbr-76	218	18	.	.	PUNCT
afbr-76	219	1	the	the	DET
afbr-76	219	2	study	study	NOUN
afbr-76	219	3	used	use	VERB
afbr-76	219	4	time	time	NOUN
afbr-76	219	5	series	series	PROPN
afbr-76	219	6	data	datum	NOUN
afbr-76	219	7	sourced	source	VERB
afbr-76	219	8	fromthe	fromthe	ADJ
afbr-76	219	9	publications	publication	NOUN
afbr-76	219	10	of	of	ADP
afbr-76	219	11	central	central	ADJ
afbr-76	219	12	bank	bank	PROPN
afbr-76	219	13	of	of	ADP
afbr-76	219	14	nigeria	nigeria	PROPN
afbr-76	219	15	statistical	statistical	ADJ
afbr-76	219	16	bulletins	bulletin	NOUN
afbr-76	219	17	,	,	PUNCT
afbr-76	219	18	annual	annual	ADJ
afbr-76	219	19	report	report	NOUN
afbr-76	219	20	and	and	CCONJ
afbr-76	219	21	economic	economic	ADJ
afbr-76	219	22	reviews	review	NOUN
afbr-76	219	23	.	.	PUNCT
afbr-76	220	1	3.1	3.1	NUM
afbr-76	220	2	model	model	NOUN
afbr-76	220	3	specification	specification	NOUN
afbr-76	220	4	the	the	DET
afbr-76	220	5	model	model	NOUN
afbr-76	220	6	specified	specify	VERB
afbr-76	220	7	below	below	ADV
afbr-76	220	8	is	be	AUX
afbr-76	220	9	based	base	VERB
afbr-76	220	10	on	on	ADP
afbr-76	220	11	empirical	empirical	ADJ
afbr-76	220	12	studies	study	NOUN
afbr-76	220	13	and	and	CCONJ
afbr-76	220	14	theories	theory	NOUN
afbr-76	220	15	.	.	PUNCT
afbr-76	221	1	model	model	NOUN
afbr-76	221	2	1	1	NUM
afbr-76	221	3	aspi	aspi	NOUN
afbr-76	221	4	=	=	SYM
afbr-76	221	5	f(nfpi	f(nfpi	ADJ
afbr-76	221	6	,	,	PUNCT
afbr-76	221	7	pie	pie	NOUN
afbr-76	221	8	,	,	PUNCT
afbr-76	221	9	pib	pib	NOUN
afbr-76	221	10	,	,	PUNCT
afbr-76	221	11	pigs	pig	NOUN
afbr-76	221	12	,	,	PUNCT
afbr-76	221	13	exr)	exr)	PROPN
afbr-76	221	14	…	…	SYM
afbr-76	221	15	…	…	SYM
afbr-76	221	16	…	…	PUNCT
afbr-76	221	17	…	…	PUNCT
afbr-76	221	18	…	…	PUNCT
afbr-76	221	19	…	…	PUNCT
afbr-76	221	20	…	…	PUNCT
afbr-76	221	21	…	…	PUNCT
afbr-76	221	22	…	…	PUNCT
afbr-76	221	23	..	..	SYM
afbr-76	221	24	1	1	NUM
afbr-76	221	25	aspi	aspi	NOUN
afbr-76	221	26	=	=	PROPN
afbr-76	221	27	β0	β0	PROPN
afbr-76	221	28	+	+	CCONJ
afbr-76	221	29	β1nfpi+	β1nfpi+	ADJ
afbr-76	221	30	β2pie+	β2pie+	NUM
afbr-76	221	31	β3pib	β3pib	PRON
afbr-76	222	1	+	+	NUM
afbr-76	222	2	β4pigs+β5	β4pigs+β5	NUM
afbr-76	222	3	exr	exr	PROPN
afbr-76	222	4	+	+	X
afbr-76	222	5	µ	µ	X
afbr-76	222	6	…	…	PUNCT
afbr-76	222	7	…	…	PUNCT
afbr-76	222	8	…	…	PUNCT
afbr-76	222	9	…	…	SYM
afbr-76	222	10	.2	.2	NUM
afbr-76	222	11	model	model	NOUN
afbr-76	222	12	2	2	NUM
afbr-76	222	13	mkct	mkct	NOUN
afbr-76	222	14	=	=	SYM
afbr-76	222	15	f(nfpi	f(nfpi	ADJ
afbr-76	222	16	,	,	PUNCT
afbr-76	222	17	pie	pie	NOUN
afbr-76	222	18	,	,	PUNCT
afbr-76	222	19	pib	pib	NOUN
afbr-76	222	20	,	,	PUNCT
afbr-76	222	21	pigs	pig	NOUN
afbr-76	222	22	,	,	PUNCT
afbr-76	222	23	exr)	exr)	PROPN
afbr-76	222	24	…	…	SYM
afbr-76	222	25	…	…	SYM
afbr-76	222	26	…	…	PUNCT
afbr-76	222	27	…	…	PUNCT
afbr-76	222	28	…	…	PUNCT
afbr-76	222	29	…	…	PUNCT
afbr-76	222	30	…	…	PUNCT
afbr-76	222	31	…	…	PUNCT
afbr-76	222	32	......	......	SYM
afbr-76	222	33	3	3	NUM
afbr-76	222	34	mkct	mkct	NOUN
afbr-76	222	35	=	=	PROPN
afbr-76	222	36	β0	β0	PROPN
afbr-76	222	37	+	+	CCONJ
afbr-76	222	38	β1nfpi+	β1nfpi+	ADJ
afbr-76	222	39	β2pie+	β2pie+	NUM
afbr-76	222	40	β3pib	β3pib	PRON
afbr-76	222	41	+	+	CCONJ
afbr-76	222	42	β4	β4	PROPN
afbr-76	222	43	pigs+β5	pigs+β5	ADP
afbr-76	222	44	exr	exr	PROPN
afbr-76	222	45	+	+	CCONJ
afbr-76	222	46	µ	µ	NUM
afbr-76	222	47	…	…	PUNCT
afbr-76	222	48	.4	.4	NUM
afbr-76	223	1	where	where	SCONJ
afbr-76	223	2	aspi	aspi	NOUN
afbr-76	223	3	=	=	SYM
afbr-76	223	4	nigerian	nigerian	ADJ
afbr-76	223	5	stock	stock	NOUN
afbr-76	223	6	market	market	NOUN
afbr-76	223	7	all	all	DET
afbr-76	223	8	share	share	NOUN
afbr-76	223	9	price	price	NOUN
afbr-76	223	10	index	index	NOUN
afbr-76	223	11	mkct	mkct	NOUN
afbr-76	223	12	=	=	SYM
afbr-76	223	13	nigerian	nigerian	ADJ
afbr-76	223	14	stock	stock	NOUN
afbr-76	223	15	market	market	NOUN
afbr-76	223	16	capitalization	capitalization	NOUN
afbr-76	223	17	nfpi	nfpi	NOUN
afbr-76	223	18	=	=	SYM
afbr-76	223	19	net	net	ADJ
afbr-76	223	20	foreign	foreign	ADJ
afbr-76	223	21	portfolio	portfolio	NOUN
afbr-76	223	22	investment	investment	NOUN
afbr-76	223	23	in	in	ADP
afbr-76	223	24	nigeria	nigeria	PROPN
afbr-76	223	25	pie	pie	NOUN
afbr-76	223	26	=	=	NOUN
afbr-76	223	27	portfolio	portfolio	NOUN
afbr-76	223	28	investment	investment	NOUN
afbr-76	223	29	in	in	ADP
afbr-76	223	30	equity	equity	NOUN
afbr-76	223	31	pib	pib	PROPN
afbr-76	223	32	=	=	PROPN
afbr-76	223	33	portfolio	portfolio	NOUN
afbr-76	223	34	investment	investment	NOUN
afbr-76	223	35	in	in	ADP
afbr-76	223	36	bonds	bond	NOUN
afbr-76	223	37	pigs	pig	NOUN
afbr-76	223	38	=	=	SYM
afbr-76	223	39	portfolio	portfolio	NOUN
afbr-76	223	40	investment	investment	NOUN
afbr-76	223	41	in	in	ADP
afbr-76	223	42	government	government	NOUN
afbr-76	223	43	securities	security	NOUN
afbr-76	223	44	exr	exr	X
afbr-76	223	45	=	=	PROPN
afbr-76	223	46	nigerian	nigerian	ADJ
afbr-76	223	47	naira	naira	PROPN
afbr-76	223	48	exchange	exchange	NOUN
afbr-76	223	49	rate	rate	NOUN
afbr-76	223	50	per	per	ADP
afbr-76	223	51	us	us	PROPN
afbr-76	223	52	dollar	dollar	NOUN
afbr-76	223	53	β0	β0	NOUN
afbr-76	223	54	=	=	PUNCT
afbr-76	223	55	intercept	intercept	NOUN
afbr-76	223	56	β1	β1	PROPN
afbr-76	223	57	–	–	PUNCT
afbr-76	223	58	β5	β5	NOUN
afbr-76	223	59	=	=	SYM
afbr-76	223	60	coefficientof	coefficientof	PROPN
afbr-76	223	61	the	the	DET
afbr-76	223	62	explanatory	explanatory	ADJ
afbr-76	223	63	variable	variable	ADJ
afbr-76	223	64	µ	µ	X
afbr-76	223	65	=	=	NOUN
afbr-76	223	66	error	error	NOUN
afbr-76	223	67	term	term	NOUN
afbr-76	223	68	theoretical	theoretical	ADJ
afbr-76	223	69	functional	functional	ADJ
afbr-76	223	70	relationship	relationship	NOUN
afbr-76	223	71	between	between	ADP
afbr-76	223	72	the	the	DET
afbr-76	223	73	dependent	dependent	ADJ
afbr-76	223	74	and	and	CCONJ
afbr-76	223	75	independent	independent	ADJ
afbr-76	223	76	variables	variable	NOUN
afbr-76	223	77	in	in	ADP
afbr-76	223	78	the	the	DET
afbr-76	223	79	models	model	NOUN
afbr-76	223	80	are	be	AUX
afbr-76	223	81	explained	explain	VERB
afbr-76	223	82	below	below	ADV
afbr-76	223	83	:	:	PUNCT
afbr-76	223	84	▪	▪	X
afbr-76	223	85	net	net	ADJ
afbr-76	223	86	foreign	foreign	ADJ
afbr-76	223	87	portfolio	portfolio	NOUN
afbr-76	223	88	investment	investment	NOUN
afbr-76	223	89	:	:	PUNCT
afbr-76	223	90	this	this	PRON
afbr-76	223	91	refers	refer	VERB
afbr-76	223	92	to	to	ADP
afbr-76	223	93	the	the	DET
afbr-76	223	94	difference	difference	NOUN
afbr-76	223	95	between	between	ADP
afbr-76	223	96	the	the	DET
afbr-76	223	97	inflow	inflow	NOUN
afbr-76	223	98	and	and	CCONJ
afbr-76	223	99	outflow	outflow	NOUN
afbr-76	223	100	of	of	ADP
afbr-76	223	101	foreign	foreign	ADJ
afbr-76	223	102	portfolio	portfolio	NOUN
afbr-76	223	103	in	in	ADP
afbr-76	223	104	the	the	DET
afbr-76	223	105	financial	financial	ADJ
afbr-76	223	106	market	market	NOUN
afbr-76	223	107	.	.	PUNCT
afbr-76	224	1	an	an	DET
afbr-76	224	2	increasing	increase	VERB
afbr-76	224	3	inflow	inflow	NOUN
afbr-76	224	4	signifies	signifie	NOUN
afbr-76	224	5	that	that	SCONJ
afbr-76	224	6	the	the	DET
afbr-76	224	7	capital	capital	NOUN
afbr-76	224	8	market	market	NOUN
afbr-76	224	9	is	be	AUX
afbr-76	224	10	functioning	function	VERB
afbr-76	224	11	well	well	ADV
afbr-76	224	12	.	.	PUNCT
afbr-76	225	1	the	the	DET
afbr-76	225	2	general	general	ADJ
afbr-76	225	3	assumption	assumption	NOUN
afbr-76	225	4	based	base	VERB
afbr-76	225	5	on	on	ADP
afbr-76	225	6	the	the	DET
afbr-76	225	7	portfolio	portfolio	NOUN
afbr-76	225	8	investment	investment	NOUN
afbr-76	225	9	theory	theory	NOUN
afbr-76	225	10	,	,	PUNCT
afbr-76	225	11	is	be	AUX
afbr-76	225	12	that	that	PRON
afbr-76	225	13	outflow	outflow	NOUN
afbr-76	225	14	of	of	ADP
afbr-76	225	15	portfolio	portfolio	NOUN
afbr-76	225	16	investment	investment	NOUN
afbr-76	225	17	is	be	AUX
afbr-76	225	18	a	a	DET
afbr-76	225	19	mechanism	mechanism	NOUN
afbr-76	225	20	for	for	ADP
afbr-76	225	21	risk	risk	NOUN
afbr-76	225	22	diversification	diversification	NOUN
afbr-76	225	23	.	.	PUNCT
afbr-76	226	1	therefore	therefore	ADV
afbr-76	226	2	an	an	DET
afbr-76	226	3	increase	increase	NOUN
afbr-76	226	4	in	in	ADP
afbr-76	226	5	net	net	ADJ
afbr-76	226	6	foreign	foreign	ADJ
afbr-76	226	7	portfolio	portfolio	NOUN
afbr-76	226	8	investment	investment	NOUN
afbr-76	226	9	is	be	AUX
afbr-76	226	10	expected	expect	VERB
afbr-76	226	11	to	to	PART
afbr-76	226	12	add	add	VERB
afbr-76	226	13	on	on	ADP
afbr-76	226	14	the	the	DET
afbr-76	226	15	capital	capital	NOUN
afbr-76	226	16	market	market	NOUN
afbr-76	226	17	of	of	ADP
afbr-76	226	18	the	the	DET
afbr-76	226	19	recipient	recipient	NOUN
afbr-76	226	20	country	country	NOUN
afbr-76	226	21	,	,	PUNCT
afbr-76	226	22	which	which	PRON
afbr-76	226	23	can	can	AUX
afbr-76	226	24	be	be	AUX
afbr-76	226	25	measured	measure	VERB
afbr-76	226	26	in	in	ADP
afbr-76	226	27	market	market	NOUN
afbr-76	226	28	capitalization	capitalization	NOUN
afbr-76	226	29	or	or	CCONJ
afbr-76	226	30	all	all	DET
afbr-76	226	31	share	share	NOUN
afbr-76	226	32	price	price	NOUN
afbr-76	226	33	index	index	NOUN
afbr-76	226	34	.	.	PUNCT
afbr-76	227	1	▪	▪	ADJ
afbr-76	227	2	portfolio	portfolio	NOUN
afbr-76	227	3	investment	investment	NOUN
afbr-76	227	4	in	in	ADP
afbr-76	227	5	equity	equity	NOUN
afbr-76	227	6	:	:	PUNCT
afbr-76	227	7	the	the	DET
afbr-76	227	8	nigerian	nigerian	ADJ
afbr-76	227	9	capital	capital	NOUN
afbr-76	227	10	market	market	NOUN
afbr-76	227	11	trades	trade	NOUN
afbr-76	227	12	on	on	ADP
afbr-76	227	13	equity	equity	NOUN
afbr-76	227	14	of	of	ADP
afbr-76	227	15	corporate	corporate	ADJ
afbr-76	227	16	organizations	organization	NOUN
afbr-76	227	17	which	which	PRON
afbr-76	227	18	are	be	AUX
afbr-76	227	19	multinational	multinational	ADJ
afbr-76	227	20	firms	firm	NOUN
afbr-76	227	21	.	.	PUNCT
afbr-76	228	1	for	for	ADP
afbr-76	228	2	instance	instance	NOUN
afbr-76	228	3	equity	equity	NOUN
afbr-76	228	4	of	of	ADP
afbr-76	228	5	nigerian	nigerian	ADJ
afbr-76	228	6	bottling	bottle	VERB
afbr-76	228	7	company	company	NOUN
afbr-76	228	8	is	be	AUX
afbr-76	228	9	traded	trade	VERB
afbr-76	228	10	on	on	ADP
afbr-76	228	11	the	the	DET
afbr-76	228	12	floor	floor	NOUN
afbr-76	228	13	of	of	ADP
afbr-76	228	14	nigeria	nigeria	PROPN
afbr-76	228	15	stock	stock	PROPN
afbr-76	228	16	exchange	exchange	PROPN
afbr-76	228	17	.	.	PUNCT
afbr-76	229	1	the	the	DET
afbr-76	229	2	inflow	inflow	NOUN
afbr-76	229	3	of	of	ADP
afbr-76	229	4	foreign	foreign	ADJ
afbr-76	229	5	investors	investor	NOUN
afbr-76	229	6	wills	will	VERB
afbr-76	229	7	not	not	PART
afbr-76	229	8	only	only	ADV
afbr-76	229	9	increase	increase	VERB
afbr-76	229	10	the	the	DET
afbr-76	229	11	equity	equity	NOUN
afbr-76	229	12	value	value	NOUN
afbr-76	229	13	of	of	ADP
afbr-76	229	14	the	the	DET
afbr-76	229	15	firm	firm	NOUN
afbr-76	229	16	,	,	PUNCT
afbr-76	229	17	but	but	CCONJ
afbr-76	229	18	will	will	AUX
afbr-76	229	19	also	also	ADV
afbr-76	229	20	enhance	enhance	VERB
afbr-76	229	21	market	market	NOUN
afbr-76	229	22	capitalization	capitalization	NOUN
afbr-76	229	23	and	and	CCONJ
afbr-76	229	24	all	all	DET
afbr-76	229	25	share	share	NOUN
afbr-76	229	26	price	price	NOUN
afbr-76	229	27	index	index	NOUN
afbr-76	229	28	of	of	ADP
afbr-76	229	29	the	the	DET
afbr-76	229	30	nigerian	nigerian	ADJ
afbr-76	229	31	stock	stock	NOUN
afbr-76	229	32	exchange	exchange	PROPN
afbr-76	229	33	.	.	PUNCT
afbr-76	230	1	▪	▪	ADJ
afbr-76	230	2	portfolio	portfolio	NOUN
afbr-76	230	3	investment	investment	NOUN
afbr-76	230	4	in	in	ADP
afbr-76	230	5	bonds	bond	NOUN
afbr-76	230	6	:	:	PUNCT
afbr-76	230	7	the	the	DET
afbr-76	230	8	diversification	diversification	NOUN
afbr-76	230	9	theory	theory	NOUN
afbr-76	230	10	of	of	ADP
afbr-76	230	11	portfolio	portfolio	NOUN
afbr-76	230	12	investment	investment	NOUN
afbr-76	230	13	spreads	spread	VERB
afbr-76	230	14	among	among	ADP
afbr-76	230	15	the	the	DET
afbr-76	230	16	various	various	ADJ
afbr-76	230	17	capital	capital	NOUN
afbr-76	230	18	market	market	NOUN
afbr-76	230	19	instruments	instrument	NOUN
afbr-76	230	20	is	be	AUX
afbr-76	230	21	a	a	DET
afbr-76	230	22	mechanism	mechanism	NOUN
afbr-76	230	23	for	for	ADP
afbr-76	230	24	management	management	NOUN
afbr-76	230	25	risk	risk	NOUN
afbr-76	230	26	.	.	PUNCT
afbr-76	231	1	but	but	CCONJ
afbr-76	231	2	also	also	ADV
afbr-76	231	3	have	have	VERB
afbr-76	231	4	the	the	DET
afbr-76	231	5	potentials	potential	NOUN
afbr-76	231	6	of	of	ADP
afbr-76	231	7	increasing	increase	VERB
afbr-76	231	8	the	the	DET
afbr-76	231	9	performance	performance	NOUN
afbr-76	231	10	indicators	indicator	NOUN
afbr-76	231	11	of	of	ADP
afbr-76	231	12	the	the	DET
afbr-76	231	13	recipient	recipient	NOUN
afbr-76	231	14	country	country	NOUN
afbr-76	231	15	.	.	PUNCT
afbr-76	232	1	▪	▪	ADJ
afbr-76	232	2	investment	investment	NOUN
afbr-76	232	3	in	in	ADP
afbr-76	232	4	government	government	NOUN
afbr-76	232	5	securities	security	NOUN
afbr-76	232	6	:	:	PUNCT
afbr-76	232	7	apart	apart	ADV
afbr-76	232	8	from	from	ADP
afbr-76	232	9	corporate	corporate	ADJ
afbr-76	232	10	securities	security	NOUN
afbr-76	232	11	,	,	PUNCT
afbr-76	232	12	government	government	NOUN
afbr-76	232	13	securities	security	NOUN
afbr-76	232	14	also	also	ADV
afbr-76	232	15	attract	attract	VERB
afbr-76	232	16	foreign	foreign	ADJ
afbr-76	232	17	investors	investor	NOUN
afbr-76	232	18	,	,	PUNCT
afbr-76	232	19	because	because	SCONJ
afbr-76	232	20	it	it	PRON
afbr-76	232	21	is	be	AUX
afbr-76	232	22	assumed	assume	VERB
afbr-76	232	23	to	to	PART
afbr-76	232	24	be	be	AUX
afbr-76	232	25	risk	risk	NOUN
afbr-76	232	26	-	-	PUNCT
afbr-76	232	27	free	free	ADJ
afbr-76	232	28	.	.	PUNCT
afbr-76	233	1	increase	increase	NOUN
afbr-76	233	2	in	in	ADP
afbr-76	233	3	inflow	inflow	NOUN
afbr-76	233	4	can	can	AUX
afbr-76	233	5	enhance	enhance	VERB
afbr-76	233	6	the	the	DET
afbr-76	233	7	performance	performance	NOUN
afbr-76	233	8	indices	index	NOUN
afbr-76	233	9	of	of	ADP
afbr-76	233	10	the	the	DET
afbr-76	233	11	recipient	recipient	NOUN
afbr-76	233	12	country	country	NOUN
afbr-76	233	13	.	.	PUNCT
afbr-76	234	1	▪	▪	ADJ
afbr-76	234	2	portfolio	portfolio	NOUN
afbr-76	234	3	investment	investment	NOUN
afbr-76	234	4	in	in	ADP
afbr-76	234	5	exchange	exchange	NOUN
afbr-76	234	6	rate	rate	NOUN
afbr-76	234	7	:	:	PUNCT
afbr-76	234	8	this	this	PRON
afbr-76	234	9	is	be	AUX
afbr-76	234	10	a	a	DET
afbr-76	234	11	monetary	monetary	ADJ
afbr-76	234	12	policy	policy	NOUN
afbr-76	234	13	instrument	instrument	NOUN
afbr-76	234	14	that	that	PRON
afbr-76	234	15	regulates	regulate	VERB
afbr-76	234	16	the	the	DET
afbr-76	234	17	external	external	ADJ
afbr-76	234	18	sector	sector	NOUN
afbr-76	234	19	of	of	ADP
afbr-76	234	20	the	the	DET
afbr-76	234	21	economy	economy	NOUN
afbr-76	234	22	.	.	PUNCT
afbr-76	235	1	the	the	DET
afbr-76	235	2	inflow	inflow	NOUN
afbr-76	235	3	and	and	CCONJ
afbr-76	235	4	outflow	outflow	NOUN
afbr-76	235	5	of	of	ADP
afbr-76	235	6	investment	investment	NOUN
afbr-76	235	7	across	across	ADP
afbr-76	235	8	national	national	ADJ
afbr-76	235	9	borders	border	NOUN
afbr-76	235	10	is	be	AUX
afbr-76	235	11	determined	determine	VERB
afbr-76	235	12	by	by	ADP
afbr-76	235	13	exchange	exchange	NOUN
afbr-76	235	14	rate	rate	NOUN
afbr-76	235	15	of	of	ADP
afbr-76	235	16	the	the	DET
afbr-76	235	17	foreign	foreign	ADJ
afbr-76	235	18	investors	investor	NOUN
afbr-76	235	19	and	and	CCONJ
afbr-76	235	20	recipient	recipient	NOUN
afbr-76	235	21	country	country	NOUN
afbr-76	235	22	,	,	PUNCT
afbr-76	235	23	just	just	ADV
afbr-76	235	24	as	as	SCONJ
afbr-76	235	25	rate	rate	NOUN
afbr-76	235	26	of	of	ADP
afbr-76	235	27	return	return	NOUN
afbr-76	235	28	or	or	CCONJ
afbr-76	235	29	interest	interest	NOUN
afbr-76	235	30	rate	rate	NOUN
afbr-76	235	31	determined	determine	VERB
afbr-76	235	32	domestic	domestic	ADJ
afbr-76	235	33	investment	investment	NOUN
afbr-76	235	34	.	.	PUNCT
afbr-76	236	1	the	the	DET
afbr-76	236	2	depreciating	depreciate	VERB
afbr-76	236	3	nigerian	nigerian	ADJ
afbr-76	236	4	naira	naira	PROPN
afbr-76	236	5	exchange	exchange	NOUN
afbr-76	236	6	rate	rate	NOUN
afbr-76	236	7	will	will	AUX
afbr-76	236	8	attract	attract	VERB
afbr-76	236	9	foreign	foreign	ADJ
afbr-76	236	10	portfolio	portfolio	NOUN
afbr-76	236	11	investors	investor	NOUN
afbr-76	236	12	,	,	PUNCT
afbr-76	236	13	which	which	PRON
afbr-76	236	14	enhances	enhance	VERB
afbr-76	236	15	the	the	DET
afbr-76	236	16	performance	performance	NOUN
afbr-76	236	17	of	of	ADP
afbr-76	236	18	the	the	DET
afbr-76	236	19	capital	capital	NOUN
afbr-76	236	20	market	market	NOUN
afbr-76	236	21	.	.	PUNCT
afbr-76	237	1	3.2	3.2	NUM
afbr-76	237	2	data	datum	NOUN
afbr-76	237	3	analysis	analysis	NOUN
afbr-76	237	4	method	method	NOUN
afbr-76	237	5	in	in	ADP
afbr-76	237	6	analyzing	analyze	VERB
afbr-76	237	7	the	the	DET
afbr-76	237	8	data	datum	NOUN
afbr-76	237	9	,	,	PUNCT
afbr-76	237	10	and	and	CCONJ
afbr-76	237	11	results	result	NOUN
afbr-76	237	12	of	of	ADP
afbr-76	237	13	this	this	DET
afbr-76	237	14	study	study	NOUN
afbr-76	237	15	,	,	PUNCT
afbr-76	237	16	the	the	DET
afbr-76	237	17	multiple	multiple	ADJ
afbr-76	237	18	regressions	regression	NOUN
afbr-76	237	19	with	with	ADP
afbr-76	237	20	the	the	DET
afbr-76	237	21	econometric	econometric	ADJ
afbr-76	237	22	view	view	NOUN
afbr-76	237	23	.	.	PUNCT
afbr-76	238	1	this	this	PRON
afbr-76	238	2	is	be	AUX
afbr-76	238	3	used	use	VERB
afbr-76	238	4	to	to	PART
afbr-76	238	5	test	test	VERB
afbr-76	238	6	the	the	DET
afbr-76	238	7	hypotheses	hypothesis	NOUN
afbr-76	238	8	and	and	CCONJ
afbr-76	238	9	the	the	DET
afbr-76	238	10	variables	variable	NOUN
afbr-76	238	11	in	in	ADP
afbr-76	238	12	the	the	DET
afbr-76	238	13	study	study	NOUN
afbr-76	238	14	.	.	PUNCT
afbr-76	239	1	estimation	estimation	NOUN
afbr-76	239	2	procedure	procedure	NOUN
afbr-76	239	3	3.2.1	3.2.1	NUM
afbr-76	239	4	unit	unit	NOUN
afbr-76	239	5	root	root	NOUN
afbr-76	239	6	dickey	dickey	PROPN
afbr-76	239	7	and	and	CCONJ
afbr-76	239	8	fuller	full	ADJ
afbr-76	239	9	looked	look	VERB
afbr-76	239	10	at	at	ADP
afbr-76	239	11	the	the	DET
afbr-76	239	12	distribution	distribution	NOUN
afbr-76	239	13	of	of	ADP
afbr-76	239	14	this	this	DET
afbr-76	239	15	kind	kind	NOUN
afbr-76	239	16	of	of	ADP
afbr-76	239	17	test	test	NOUN
afbr-76	239	18	statistic	statistic	NOUN
afbr-76	239	19	and	and	CCONJ
afbr-76	239	20	found	find	VERB
afbr-76	239	21	that	that	SCONJ
afbr-76	239	22	ols	ol	NOUN
afbr-76	239	23	estimates	estimate	NOUN
afbr-76	239	24	are	be	AUX
afbr-76	239	25	biased	bias	VERB
afbr-76	239	26	down	down	ADV
afbr-76	239	27	(	(	PUNCT
afbr-76	239	28	towards	towards	ADP
afbr-76	239	29	stationary	stationary	NOUN
afbr-76	239	30	)	)	PUNCT
afbr-76	239	31	and	and	CCONJ
afbr-76	239	32	ols	ol	NOUN
afbr-76	239	33	standard	standard	ADJ
afbr-76	239	34	errors	error	NOUN
afbr-76	239	35	.	.	PUNCT
afbr-76	240	1	thus	thus	ADV
afbr-76	240	2	,	,	PUNCT
afbr-76	240	3	it	it	PRON
afbr-76	240	4	is	be	AUX
afbr-76	240	5	possible	possible	ADJ
afbr-76	240	6	that	that	SCONJ
afbr-76	240	7	many	many	ADJ
afbr-76	240	8	series	series	NOUN
afbr-76	240	9	that	that	PRON
afbr-76	240	10	would	would	AUX
afbr-76	240	11	have	have	AUX
afbr-76	240	12	thought	think	VERB
afbr-76	240	13	were	be	AUX
afbr-76	240	14	stationary	stationary	ADJ
afbr-76	240	15	based	base	VERB
afbr-76	240	16	on	on	ADP
afbr-76	240	17	ols	ol	NOUN
afbr-76	240	18	regression	regression	NOUN
afbr-76	240	19	were	be	AUX
afbr-76	240	20	infact	infact	AUX
afbr-76	240	21	generated	generate	VERB
afbr-76	240	22	by	by	ADP
afbr-76	240	23	random	random	ADJ
afbr-76	240	24	walks	walk	NOUN
afbr-76	240	25	(	(	PUNCT
afbr-76	240	26	cochrane	cochrane	NOUN
afbr-76	240	27	,	,	PUNCT
afbr-76	240	28	2005	2005	NUM
afbr-76	240	29	)	)	PUNCT
afbr-76	240	30	the	the	DET
afbr-76	240	31	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-76	240	32	australian	australian	ADJ
afbr-76	240	33	finance	finance	PROPN
afbr-76	240	34	&	&	CCONJ
afbr-76	240	35	banking	banking	PROPN
afbr-76	240	36	review	review	PROPN
afbr-76	240	37	vol	vol	NOUN
afbr-76	240	38	.	.	PROPN
afbr-76	241	1	2	2	NUM
afbr-76	241	2	,	,	PUNCT
afbr-76	241	3	no	no	INTJ
afbr-76	241	4	.	.	NOUN
afbr-76	241	5	1	1	NUM
afbr-76	241	6	;	;	PUNCT
afbr-76	241	7	2018	2018	NUM
afbr-76	241	8	19	19	NUM
afbr-76	241	9	study	study	NOUN
afbr-76	241	10	will	will	AUX
afbr-76	241	11	therefore	therefore	ADV
afbr-76	241	12	subject	subject	VERB
afbr-76	241	13	all	all	DET
afbr-76	241	14	the	the	DET
afbr-76	241	15	variables	variable	NOUN
afbr-76	241	16	to	to	ADP
afbr-76	241	17	unit	unit	NOUN
afbr-76	241	18	root	root	PROPN
afbr-76	241	19	test	test	NOUN
afbr-76	241	20	,	,	PUNCT
afbr-76	241	21	using	use	VERB
afbr-76	241	22	the	the	DET
afbr-76	241	23	augmented	augment	VERB
afbr-76	241	24	dickey	dickey	PROPN
afbr-76	241	25	fuller	full	ADJ
afbr-76	241	26	(	(	PUNCT
afbr-76	241	27	adf	adf	NOUN
afbr-76	241	28	)	)	PUNCT
afbr-76	241	29	test	test	NOUN
afbr-76	241	30	specified	specify	VERB
afbr-76	241	31	in	in	ADP
afbr-76	241	32	gujarati	gujarati	PROPN
afbr-76	241	33	(	(	PUNCT
afbr-76	241	34	2004	2004	NUM
afbr-76	241	35	)	)	PUNCT
afbr-76	241	36	as	as	SCONJ
afbr-76	241	37	follows	follow	VERB
afbr-76	241	38	.	.	PUNCT
afbr-76	242	1	3	3	X
afbr-76	242	2	...........................................................................	...........................................................................	SYM
afbr-76	242	3	1	1	NUM
afbr-76	242	4	1	1	NUM
afbr-76	242	5	121	121	NUM
afbr-76	242	6	etyiyy	etyiyy	NOUN
afbr-76	242	7	t	t	PROPN
afbr-76	242	8	m	m	VERB
afbr-76	242	9	i	i	PRON
afbr-76	242	10	tt	tt	PROPN
afbr-76	242	11	+	+	NOUN
afbr-76	242	12	+++=	+++=	PROPN
afbr-76	242	13	−	−	ADP
afbr-76	242	14	−	−	NOUN
afbr-76	242	15	−	−	PROPN
afbr-76	242	16			NOUN
afbr-76	242	17	where	where	SCONJ
afbr-76	242	18	:	:	PUNCT
afbr-76	242	19	ty	ty	NOUN
afbr-76	242	20	=	=	PUNCT
afbr-76	242	21	change	change	NOUN
afbr-76	242	22	time	time	NOUN
afbr-76	242	23	t	t	PROPN
afbr-76	242	24	1−	1−	NUM
afbr-76	242	25	ty	ty	INTJ
afbr-76	242	26	=	=	PUNCT
afbr-76	242	27	the	the	DET
afbr-76	242	28	lagged	lag	VERB
afbr-76	242	29	value	value	NOUN
afbr-76	242	30	of	of	ADP
afbr-76	242	31	the	the	DET
afbr-76	242	32	dependent	dependent	ADJ
afbr-76	242	33	variables	variable	NOUN
afbr-76	242	34	t	t	ADP
afbr-76	242	35	=	=	PUNCT
afbr-76	242	36	white	white	ADJ
afbr-76	242	37	noise	noise	NOUN
afbr-76	242	38	error	error	NOUN
afbr-76	242	39	term	term	NOUN
afbr-76	242	40	if	if	SCONJ
afbr-76	242	41	in	in	ADP
afbr-76	242	42	the	the	DET
afbr-76	242	43	above	above	ADJ
afbr-76	242	44			PROPN
afbr-76	242	45	=	=	NOUN
afbr-76	242	46	0	0	NUM
afbr-76	242	47	,	,	PUNCT
afbr-76	242	48	then	then	ADV
afbr-76	242	49	we	we	PRON
afbr-76	242	50	conclude	conclude	VERB
afbr-76	242	51	that	that	SCONJ
afbr-76	242	52	there	there	PRON
afbr-76	242	53	is	be	VERB
afbr-76	242	54	a	a	DET
afbr-76	242	55	unit	unit	NOUN
afbr-76	242	56	root	root	NOUN
afbr-76	242	57	.	.	PUNCT
afbr-76	243	1	otherwise	otherwise	ADV
afbr-76	243	2	there	there	PRON
afbr-76	243	3	is	be	VERB
afbr-76	243	4	no	no	DET
afbr-76	243	5	unit	unit	NOUN
afbr-76	243	6	root	root	NOUN
afbr-76	243	7	,	,	PUNCT
afbr-76	243	8	meaning	mean	VERB
afbr-76	243	9	that	that	SCONJ
afbr-76	243	10	it	it	PRON
afbr-76	243	11	is	be	AUX
afbr-76	243	12	stationary	stationary	ADJ
afbr-76	243	13	.	.	PUNCT
afbr-76	244	1	the	the	DET
afbr-76	244	2	choice	choice	NOUN
afbr-76	244	3	of	of	ADP
afbr-76	244	4	lag	lag	NOUN
afbr-76	244	5	will	will	AUX
afbr-76	244	6	be	be	AUX
afbr-76	244	7	determined	determine	VERB
afbr-76	244	8	by	by	ADP
afbr-76	244	9	akaike	akaike	ADJ
afbr-76	244	10	information	information	NOUN
afbr-76	244	11	criteria	criterion	NOUN
afbr-76	244	12	.	.	PUNCT
afbr-76	245	1	3.2.2	3.2.2	NUM
afbr-76	245	2	coint	coint	NOUN
afbr-76	245	3	egration	egration	NOUN
afbr-76	245	4	test	test	NOUN
afbr-76	245	5	in	in	ADP
afbr-76	245	6	order	order	NOUN
afbr-76	245	7	to	to	PART
afbr-76	245	8	avoid	avoid	VERB
afbr-76	245	9	spurious	spurious	ADJ
afbr-76	245	10	estimates	estimate	NOUN
afbr-76	245	11	,	,	PUNCT
afbr-76	245	12	we	we	PRON
afbr-76	245	13	intend	intend	VERB
afbr-76	245	14	to	to	PART
afbr-76	245	15	establish	establish	VERB
afbr-76	245	16	long	long	ADJ
afbr-76	245	17	-	-	PUNCT
afbr-76	245	18	run	run	NOUN
afbr-76	245	19	relationship	relationship	NOUN
afbr-76	245	20	between	between	ADP
afbr-76	245	21	the	the	DET
afbr-76	245	22	variable	variable	NOUN
afbr-76	245	23	included	include	VERB
afbr-76	245	24	in	in	ADP
afbr-76	245	25	the	the	DET
afbr-76	245	26	model	model	NOUN
afbr-76	245	27	and	and	CCONJ
afbr-76	245	28	engle	engle	PROPN
afbr-76	245	29	-	-	PUNCT
afbr-76	245	30	granger	granger	PROPN
afbr-76	245	31	approach	approach	NOUN
afbr-76	245	32	to	to	PART
afbr-76	245	33	co	co	VERB
afbr-76	245	34	integration	integration	NOUN
afbr-76	245	35	will	will	AUX
afbr-76	245	36	be	be	AUX
afbr-76	245	37	adopted	adopt	VERB
afbr-76	245	38	.	.	PUNCT
afbr-76	246	1	this	this	DET
afbr-76	246	2	approach	approach	NOUN
afbr-76	246	3	is	be	AUX
afbr-76	246	4	based	base	VERB
afbr-76	246	5	on	on	ADP
afbr-76	246	6	conducting	conduct	VERB
afbr-76	246	7	unit	unit	NOUN
afbr-76	246	8	root	root	NOUN
afbr-76	246	9	test	test	NOUN
afbr-76	246	10	on	on	ADP
afbr-76	246	11	residual	residual	ADJ
afbr-76	246	12	obtained	obtain	VERB
afbr-76	246	13	from	from	ADP
afbr-76	246	14	the	the	DET
afbr-76	246	15	estimated	estimate	VERB
afbr-76	246	16	regression	regression	NOUN
afbr-76	246	17	equation	equation	NOUN
afbr-76	246	18	.	.	PUNCT
afbr-76	247	1	if	if	SCONJ
afbr-76	247	2	the	the	DET
afbr-76	247	3	residual	residual	ADJ
afbr-76	247	4	is	be	AUX
afbr-76	247	5	found	find	VERB
afbr-76	247	6	to	to	PART
afbr-76	247	7	be	be	AUX
afbr-76	247	8	stationary	stationary	ADJ
afbr-76	247	9	at	at	ADP
afbr-76	247	10	level	level	NOUN
afbr-76	247	11	,	,	PUNCT
afbr-76	247	12	we	we	PRON
afbr-76	247	13	conclude	conclude	VERB
afbr-76	247	14	that	that	SCONJ
afbr-76	247	15	the	the	DET
afbr-76	247	16	variables	variable	NOUN
afbr-76	247	17	are	be	AUX
afbr-76	247	18	cointegrated	cointegrate	VERB
afbr-76	247	19	and	and	CCONJ
afbr-76	247	20	as	as	ADV
afbr-76	247	21	such	such	ADJ
afbr-76	247	22	as	as	ADP
afbr-76	247	23	long	long	ADV
afbr-76	247	24	-	-	PUNCT
afbr-76	247	25	run	run	NOUN
afbr-76	247	26	relationship	relationship	NOUN
afbr-76	247	27	exists	exist	VERB
afbr-76	247	28	among	among	ADP
afbr-76	247	29	them	they	PRON
afbr-76	247	30	.	.	PUNCT
afbr-76	248	1	tijt	tijt	PROPN
afbr-76	248	2	j	j	PROPN
afbr-76	249	1	i	i	PRON
afbr-76	249	2	iit	iit	VERB
afbr-76	250	1	i	i	PRON
afbr-76	250	2	i	i	PRON
afbr-76	250	3	tot	tot	VERB
afbr-76	250	4	tatawta	tatawta	NOUN
afbr-76	250	5	1	1	NUM
afbr-76	250	6	11	11	NUM
afbr-76	250	7			NOUN
afbr-76	250	8	+	+	PROPN
afbr-76	250	9	+	+	ADJ
afbr-76	250	10	+	+	NOUN
afbr-76	250	11	=	=	SYM
afbr-76	251	1	−	−	NOUN
afbr-76	252	1	=	=	SYM
afbr-76	253	1	−	−	PROPN
afbr-76	254	1	=	=	SYM
afbr-76	255	1			PRON
afbr-76	255	2	…	…	PUNCT
afbr-76	255	3	…	…	PUNCT
afbr-76	255	4	…	…	PUNCT
afbr-76	255	5	…	…	PUNCT
afbr-76	255	6	…	…	PUNCT
afbr-76	255	7	…	…	PUNCT
afbr-76	255	8	…	…	PUNCT
afbr-76	255	9	…	…	PUNCT
afbr-76	255	10	…	…	PUNCT
afbr-76	255	11	…	…	PUNCT
afbr-76	255	12	…	…	PUNCT
afbr-76	255	13	…	…	PUNCT
afbr-76	255	14	…	…	PUNCT
afbr-76	255	15	…	…	PUNCT
afbr-76	255	16	…	…	PUNCT
afbr-76	255	17	…	…	PUNCT
afbr-76	255	18	…	…	PUNCT
afbr-76	255	19	…	…	SYM
afbr-76	255	20	4	4	NUM
afbr-76	255	21	in	in	ADP
afbr-76	255	22	the	the	DET
afbr-76	255	23	equation	equation	NOUN
afbr-76	255	24	above	above	ADV
afbr-76	255	25	,	,	PUNCT
afbr-76	255	26	aspi	aspi	NOUN
afbr-76	255	27	/	/	SYM
afbr-76	255	28	mkctis	mkctis	NOUN
afbr-76	255	29	thestrength	thestrength	NOUN
afbr-76	255	30	of	of	ADP
afbr-76	255	31	nigerian	nigerian	ADJ
afbr-76	255	32	capital	capital	NOUN
afbr-76	255	33	market	market	NOUN
afbr-76	255	34	.	.	PUNCT
afbr-76	256	1	the	the	DET
afbr-76	256	2	regression	regression	NOUN
afbr-76	256	3	will	will	AUX
afbr-76	256	4	determine	determine	VERB
afbr-76	256	5	whether	whether	SCONJ
afbr-76	256	6	or	or	CCONJ
afbr-76	256	7	not	not	PART
afbr-76	256	8	nigerian	nigerian	ADJ
afbr-76	256	9	foreign	foreign	ADJ
afbr-76	256	10	portfolio	portfolio	NOUN
afbr-76	256	11	inflow	inflow	NOUN
afbr-76	256	12	affects	affect	VERB
afbr-76	256	13	nigerian	nigerian	ADJ
afbr-76	256	14	capital	capital	NOUN
afbr-76	256	15	market	market	NOUN
afbr-76	256	16	performance	performance	NOUN
afbr-76	256	17	positively	positively	ADV
afbr-76	256	18	or	or	CCONJ
afbr-76	256	19	negatively	negatively	ADV
afbr-76	256	20	.	.	PUNCT
afbr-76	257	1	3.2.3	3.2.3	NUM
afbr-76	257	2	granger	granger	NOUN
afbr-76	257	3	causality	causality	PROPN
afbr-76	257	4	test	test	NOUN
afbr-76	257	5	the	the	DET
afbr-76	257	6	main	main	ADJ
afbr-76	257	7	objective	objective	NOUN
afbr-76	257	8	of	of	ADP
afbr-76	257	9	this	this	DET
afbr-76	257	10	study	study	NOUN
afbr-76	257	11	is	be	AUX
afbr-76	257	12	to	to	PART
afbr-76	257	13	investigate	investigate	VERB
afbr-76	257	14	the	the	DET
afbr-76	257	15	causality	causality	NOUN
afbr-76	257	16	between	between	ADP
afbr-76	257	17	the	the	DET
afbr-76	257	18	independent	independent	ADJ
afbr-76	257	19	and	and	CCONJ
afbr-76	257	20	the	the	DET
afbr-76	257	21	dependent	dependent	ADJ
afbr-76	257	22	variables	variable	NOUN
afbr-76	257	23	.	.	PUNCT
afbr-76	258	1	granger	granger	NOUN
afbr-76	258	2	(	(	PUNCT
afbr-76	258	3	1996	1996	NUM
afbr-76	258	4	)	)	PUNCT
afbr-76	258	5	proposed	propose	VERB
afbr-76	258	6	the	the	DET
afbr-76	258	7	concept	concept	NOUN
afbr-76	258	8	of	of	ADP
afbr-76	258	9	causality	causality	NOUN
afbr-76	258	10	and	and	CCONJ
afbr-76	258	11	erogeneity	erogeneity	NOUN
afbr-76	258	12	:	:	PUNCT
afbr-76	258	13	a	a	DET
afbr-76	258	14	variable	variable	ADJ
afbr-76	258	15	yt	yt	NOUN
afbr-76	258	16	is	be	AUX
afbr-76	258	17	said	say	VERB
afbr-76	258	18	to	to	PART
afbr-76	258	19	cause	cause	VERB
afbr-76	258	20	xt	xt	ADP
afbr-76	258	21	,	,	PUNCT
afbr-76	258	22	if	if	SCONJ
afbr-76	258	23	the	the	DET
afbr-76	258	24	predicted	predict	VERB
afbr-76	258	25	value	value	NOUN
afbr-76	258	26	of	of	ADP
afbr-76	258	27	xtis	xtis	PROPN
afbr-76	258	28	ameliorated	ameliorate	VERB
afbr-76	258	29	when	when	SCONJ
afbr-76	258	30	information	information	NOUN
afbr-76	258	31	related	relate	VERB
afbr-76	258	32	to	to	ADP
afbr-76	258	33	ytis	ytis	NOUN
afbr-76	258	34	incorporated	incorporate	VERB
afbr-76	258	35	in	in	ADP
afbr-76	258	36	the	the	DET
afbr-76	258	37	analysis	analysis	NOUN
afbr-76	258	38	.	.	PUNCT
afbr-76	259	1	4	4	X
afbr-76	259	2	.	.	X
afbr-76	259	3	data	datum	NOUN
afbr-76	259	4	presentation	presentation	NOUN
afbr-76	259	5	and	and	CCONJ
afbr-76	259	6	analysis	analysis	NOUN
afbr-76	259	7	of	of	ADP
afbr-76	259	8	results	result	NOUN
afbr-76	259	9	presentation	presentation	NOUN
afbr-76	259	10	of	of	ADP
afbr-76	259	11	results	result	NOUN
afbr-76	259	12	table	table	NOUN
afbr-76	259	13	1	1	NUM
afbr-76	259	14	:	:	PUNCT
afbr-76	259	15	results	result	NOUN
afbr-76	259	16	of	of	ADP
afbr-76	259	17	static	static	ADJ
afbr-76	259	18	ols	ol	NOUN
afbr-76	259	19	regression	regression	NOUN
afbr-76	259	20	of	of	ADP
afbr-76	259	21	model	model	NOUN
afbr-76	259	22	model	model	PROPN
afbr-76	259	23	variable	variable	PROPN
afbr-76	259	24	coefficient	coefficient	PROPN
afbr-76	259	25	standard	standard	ADJ
afbr-76	259	26	error	error	NOUN
afbr-76	259	27	t	t	PROPN
afbr-76	259	28	-	-	PUNCT
afbr-76	259	29	statistics	statistic	NOUN
afbr-76	259	30	probability	probability	NOUN
afbr-76	259	31	1	1	NUM
afbr-76	259	32	.	.	PUNCT
afbr-76	259	33	aspi	aspi	NOUN
afbr-76	259	34	intercept	intercept	PROPN
afbr-76	259	35	143.4465	143.4465	NUM
afbr-76	259	36	750.5467	750.5467	NUM
afbr-76	259	37	0.191123	0.191123	NUM
afbr-76	259	38	0.8503	0.8503	NUM
afbr-76	259	39	nfpi	nfpi	ADJ
afbr-76	259	40	0.190868	0.190868	NUM
afbr-76	259	41	0.029193	0.029193	NUM
afbr-76	259	42	6.538103	6.538103	NUM
afbr-76	259	43	0.000	0.000	NUM
afbr-76	259	44	pie	pie	NOUN
afbr-76	259	45	0.086646	0.086646	NUM
afbr-76	259	46	0.029193	0.029193	NUM
afbr-76	259	47	1.548630	1.548630	NUM
afbr-76	259	48	0.1364	0.1364	NUM
afbr-76	259	49	pib	pib	PROPN
afbr-76	259	50	-0.520684	-0.520684	NOUN
afbr-76	259	51	0.468963	0.468963	NUM
afbr-76	259	52	-1.110288	-1.110288	NOUN
afbr-76	260	1	0.2794	0.2794	NUM
afbr-76	260	2	pigs	pig	NOUN
afbr-76	260	3	-0.371395	-0.371395	NOUN
afbr-76	260	4	1.486963	1.486963	NUM
afbr-76	260	5	-0.249862	-0.249862	NOUN
afbr-76	260	6	0.8051	0.8051	NUM
afbr-76	260	7	exr	exr	PROPN
afbr-76	261	1	0.007304	0.007304	NUM
afbr-76	261	2	0.021552	0.021552	NUM
afbr-76	261	3	0.338898	0.338898	NUM
afbr-76	261	4	0.7381	0.7381	NUM
afbr-76	261	5	r2	r2	NOUN
afbr-76	261	6	0.803279	0.803279	NUM
afbr-76	261	7	adjr2	adjr2	NOUN
afbr-76	261	8	0.756441	0.756441	NUM
afbr-76	261	9	2	2	NUM
afbr-76	261	10	.	.	PUNCT
afbr-76	261	11	mkcp	mkcp	PROPN
afbr-76	261	12	intercept	intercept	PROPN
afbr-76	261	13	1614781	1614781	NUM
afbr-76	261	14	.	.	PUNCT
afbr-76	262	1	1227974	1227974	NUM
afbr-76	262	2	1.314995	1.314995	NUM
afbr-76	262	3	0.2015	0.2015	NUM
afbr-76	262	4	nfpi	nfpi	ADJ
afbr-76	262	5	-12.17253	-12.17253	SYM
afbr-76	262	6	25.45797	25.45797	NUM
afbr-76	262	7	-0.478142	-0.478142	NOUN
afbr-76	262	8	0.6371	0.6371	NUM
afbr-76	262	9	pie	pie	NOUN
afbr-76	262	10	212.6990	212.6990	NUM
afbr-76	262	11	85.79699	85.79699	NUM
afbr-76	262	12	2.479096	2.479096	NUM
afbr-76	262	13	0.0209	0.0209	NUM
afbr-76	262	14	pib	pib	PROPN
afbr-76	262	15	-1202.984	-1202.984	SYM
afbr-76	262	16	830.7092	830.7092	NUM
afbr-76	262	17	-1.448141	-1.448141	NOUN
afbr-76	262	18	0.1611	0.1611	NUM
afbr-76	262	19	pigs	pig	NOUN
afbr-76	262	20	-2786.872	-2786.872	PUNCT
afbr-76	263	1	2513.737	2513.737	NUM
afbr-76	263	2	-1.108657	-1.108657	NOUN
afbr-76	263	3	0.2790	0.2790	NUM
afbr-76	263	4	exr	exr	PROPN
afbr-76	263	5	4.992292	4.992292	NUM
afbr-76	263	6	42.06899	42.06899	NUM
afbr-76	263	7	0.118669	0.118669	NUM
afbr-76	263	8	0.9066	0.9066	NUM
afbr-76	263	9	r2	r2	NOUN
afbr-76	263	10	0.239032	0.239032	NUM
afbr-76	263	11	adjr2	adjr2	NOUN
afbr-76	263	12	0.073604	0.073604	NUM
afbr-76	263	13	source	source	NOUN
afbr-76	263	14	:	:	PUNCT
afbr-76	263	15	author	author	NOUN
afbr-76	263	16	’s	’s	PART
afbr-76	263	17	computation	computation	NOUN
afbr-76	263	18	from	from	ADP
afbr-76	263	19	the	the	DET
afbr-76	263	20	table	table	NOUN
afbr-76	263	21	above	above	ADV
afbr-76	263	22	,	,	PUNCT
afbr-76	263	23	model	model	NOUN
afbr-76	263	24	oneshow	oneshow	NOUN
afbr-76	263	25	an	an	DET
afbr-76	263	26	r2	r2	NOUN
afbr-76	263	27	and	and	CCONJ
afbr-76	263	28	adjusted	adjusted	ADJ
afbr-76	263	29	r2	r2	NOUN
afbr-76	263	30	of	of	ADP
afbr-76	263	31	0.803	0.803	NUM
afbr-76	263	32	and	and	CCONJ
afbr-76	263	33	0.756	0.756	NUM
afbr-76	263	34	which	which	PRON
afbr-76	263	35	means	mean	VERB
afbr-76	263	36	that	that	SCONJ
afbr-76	263	37	80.3	80.3	NUM
afbr-76	263	38	%	%	NOUN
afbr-76	263	39	and	and	CCONJ
afbr-76	263	40	75.6	75.6	NUM
afbr-76	263	41	%	%	NOUN
afbr-76	263	42	variation	variation	NOUN
afbr-76	263	43	in	in	ADP
afbr-76	263	44	nigerian	nigerian	ADJ
afbr-76	263	45	capital	capital	NOUN
afbr-76	263	46	market	market	NOUN
afbr-76	263	47	all	all	DET
afbr-76	263	48	share	share	NOUN
afbr-76	263	49	index	index	NOUN
afbr-76	263	50	can	can	AUX
afbr-76	263	51	be	be	AUX
afbr-76	263	52	explained	explain	VERB
afbr-76	263	53	by	by	ADP
afbr-76	263	54	variation	variation	NOUN
afbr-76	263	55	in	in	ADP
afbr-76	263	56	the	the	DET
afbr-76	263	57	independent	independent	ADJ
afbr-76	263	58	variables	variable	NOUN
afbr-76	263	59	formulated	formulate	VERB
afbr-76	263	60	in	in	ADP
afbr-76	263	61	the	the	DET
afbr-76	263	62	model	model	NOUN
afbr-76	263	63	,	,	PUNCT
afbr-76	263	64	model	model	NOUN
afbr-76	263	65	2shows	2shows	NUM
afbr-76	263	66	that	that	SCONJ
afbr-76	263	67	23.9	23.9	NUM
afbr-76	263	68	%	%	NOUN
afbr-76	263	69	and	and	CCONJ
afbr-76	263	70	7.3	7.3	NUM
afbr-76	263	71	%	%	NOUN
afbr-76	263	72	variation	variation	NOUN
afbr-76	263	73	in	in	ADP
afbr-76	263	74	nigerian	nigerian	ADJ
afbr-76	263	75	capital	capital	NOUN
afbr-76	263	76	market	market	NOUN
afbr-76	263	77	capitalization	capitalization	NOUN
afbr-76	263	78	can	can	AUX
afbr-76	263	79	be	be	AUX
afbr-76	263	80	explained	explain	VERB
afbr-76	263	81	by	by	ADP
afbr-76	263	82	the	the	DET
afbr-76	263	83	explanatory	explanatory	ADJ
afbr-76	263	84	variables	variable	NOUN
afbr-76	263	85	.	.	PUNCT
afbr-76	264	1	model	model	NOUN
afbr-76	264	2	1	1	NUM
afbr-76	264	3	shows	show	VERB
afbr-76	264	4	that	that	SCONJ
afbr-76	264	5	pib	pib	NOUN
afbr-76	264	6	and	and	CCONJ
afbr-76	264	7	pigs	pig	NOUN
afbr-76	264	8	have	have	VERB
afbr-76	264	9	negative	negative	ADJ
afbr-76	264	10	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-76	264	11	australian	australian	ADJ
afbr-76	264	12	finance	finance	NOUN
afbr-76	264	13	&	&	CCONJ
afbr-76	264	14	banking	banking	PROPN
afbr-76	264	15	review	review	PROPN
afbr-76	264	16	vol	vol	NOUN
afbr-76	264	17	.	.	PROPN
afbr-76	265	1	2	2	NUM
afbr-76	265	2	,	,	PUNCT
afbr-76	265	3	no	no	INTJ
afbr-76	265	4	.	.	NOUN
afbr-76	265	5	1	1	NUM
afbr-76	265	6	;	;	PUNCT
afbr-76	265	7	2018	2018	NUM
afbr-76	265	8	20	20	NUM
afbr-76	265	9	relationship	relationship	NOUN
afbr-76	265	10	with	with	ADP
afbr-76	265	11	all	all	DET
afbr-76	265	12	share	share	NOUN
afbr-76	265	13	price	price	NOUN
afbr-76	265	14	index	index	NOUN
afbr-76	265	15	,	,	PUNCT
afbr-76	265	16	while	while	SCONJ
afbr-76	265	17	model	model	NOUN
afbr-76	265	18	2	2	NUM
afbr-76	265	19	shows	show	VERB
afbr-76	265	20	that	that	SCONJ
afbr-76	265	21	nfpi	nfpi	ADJ
afbr-76	265	22	,	,	PUNCT
afbr-76	265	23	pib	pib	NOUN
afbr-76	265	24	and	and	CCONJ
afbr-76	265	25	pigs	pig	NOUN
afbr-76	265	26	have	have	VERB
afbr-76	265	27	negative	negative	ADJ
afbr-76	265	28	relationship	relationship	NOUN
afbr-76	265	29	with	with	ADP
afbr-76	265	30	market	market	NOUN
afbr-76	265	31	capitalization	capitalization	NOUN
afbr-76	265	32	.	.	PUNCT
afbr-76	266	1	table	table	NOUN
afbr-76	266	2	2	2	NUM
afbr-76	266	3	:	:	PUNCT
afbr-76	266	4	autocorrelation	autocorrelation	NOUN
afbr-76	266	5	and	and	CCONJ
afbr-76	266	6	overall	overall	ADJ
afbr-76	266	7	significance	significance	NOUN
afbr-76	266	8	of	of	ADP
afbr-76	266	9	regression	regression	NOUN
afbr-76	266	10	model	model	NOUN
afbr-76	266	11	autocorrelation	autocorrelation	NOUN
afbr-76	266	12	model	model	PROPN
afbr-76	266	13	durbin	durbin	PROPN
afbr-76	266	14	watson	watson	PROPN
afbr-76	266	15	statistics	statistics	PROPN
afbr-76	266	16	autocorrelation	autocorrelation	NOUN
afbr-76	266	17	presence	presence	NOUN
afbr-76	266	18	type	type	NOUN
afbr-76	266	19	test	test	NOUN
afbr-76	266	20	1	1	NUM
afbr-76	266	21	2.089151	2.089151	NUM
afbr-76	266	22	presence	presence	NOUN
afbr-76	266	23	positive	positive	ADJ
afbr-76	266	24	2	2	NUM
afbr-76	266	25	2.054879	2.054879	NUM
afbr-76	266	26	presence	presence	NOUN
afbr-76	266	27	positive	positive	ADJ
afbr-76	266	28	model	model	NOUN
afbr-76	267	1	f	f	PROPN
afbr-76	267	2	-	-	PUNCT
afbr-76	267	3	statistics	statistic	NOUN
afbr-76	267	4	probability	probability	NOUN
afbr-76	267	5	remark	remark	NOUN
afbr-76	267	6	model	model	NOUN
afbr-76	267	7	overall	overall	ADJ
afbr-76	267	8	significant	significant	ADJ
afbr-76	267	9	f	f	NOUN
afbr-76	267	10	-	-	PUNCT
afbr-76	267	11	test	test	NOUN
afbr-76	267	12	1	1	NUM
afbr-76	267	13	17.15006	17.15006	NUM
afbr-76	267	14	0.000001	0.000001	NUM
afbr-76	267	15	very	very	ADV
afbr-76	267	16	high	high	ADJ
afbr-76	267	17	2	2	NUM
afbr-76	267	18	1.444934	1.444934	NUM
afbr-76	267	19	0.246081	0.246081	NUM
afbr-76	267	20	very	very	ADV
afbr-76	267	21	low	low	ADJ
afbr-76	267	22	source	source	NOUN
afbr-76	267	23	:	:	PUNCT
afbr-76	267	24	author	author	NOUN
afbr-76	267	25	’s	’s	PART
afbr-76	267	26	computation	computation	NOUN
afbr-76	267	27	the	the	DET
afbr-76	267	28	result	result	NOUN
afbr-76	267	29	presented	present	VERB
afbr-76	267	30	in	in	ADP
afbr-76	267	31	the	the	DET
afbr-76	267	32	above	above	ADJ
afbr-76	267	33	table	table	NOUN
afbr-76	267	34	,	,	PUNCT
afbr-76	267	35	shows	show	VERB
afbr-76	267	36	the	the	DET
afbr-76	267	37	positive	positive	ADJ
afbr-76	267	38	presence	presence	NOUN
afbr-76	267	39	of	of	ADP
afbr-76	267	40	serial	serial	ADJ
afbr-76	267	41	auto	auto	NOUN
afbr-76	267	42	correlation	correlation	NOUN
afbr-76	267	43	in	in	ADP
afbr-76	267	44	the	the	DET
afbr-76	267	45	models	model	NOUN
afbr-76	267	46	,	,	PUNCT
afbr-76	267	47	the	the	DET
afbr-76	267	48	overall	overall	ADJ
afbr-76	267	49	significance	significance	NOUN
afbr-76	267	50	shows	show	VERB
afbr-76	267	51	that	that	SCONJ
afbr-76	267	52	the	the	DET
afbr-76	267	53	model	model	NOUN
afbr-76	267	54	1	1	NUM
afbr-76	267	55	is	be	AUX
afbr-76	267	56	significant	significant	ADJ
afbr-76	267	57	while	while	SCONJ
afbr-76	267	58	model	model	NOUN
afbr-76	267	59	2	2	NUM
afbr-76	267	60	is	be	AUX
afbr-76	267	61	not	not	PART
afbr-76	267	62	significant	significant	ADJ
afbr-76	267	63	.	.	PUNCT
afbr-76	268	1	table	table	NOUN
afbr-76	268	2	3	3	NUM
afbr-76	268	3	:	:	PUNCT
afbr-76	268	4	unit	unit	NOUN
afbr-76	268	5	root	root	PROPN
afbr-76	268	6	test	test	NOUN
afbr-76	268	7	variable	variable	NOUN
afbr-76	268	8	critical	critical	ADJ
afbr-76	268	9	1	1	NUM
afbr-76	268	10	%	%	NOUN
afbr-76	268	11	5	5	NUM
afbr-76	268	12	%	%	NOUN
afbr-76	268	13	10	10	NUM
afbr-76	268	14	%	%	NOUN
afbr-76	268	15	adf	adf	PROPN
afbr-76	268	16	statistics	statistic	NOUN
afbr-76	268	17	lag	lag	VERB
afbr-76	268	18	remark	remark	NOUN
afbr-76	268	19	at	at	ADP
afbr-76	268	20	level	level	NOUN
afbr-76	268	21	aspi	aspi	NOUN
afbr-76	268	22	-3.681914	-3.681914	NOUN
afbr-76	268	23	-2.19183	-2.19183	PUNCT
afbr-76	269	1	-2.625121	-2.625121	VERB
afbr-76	270	1	0.44851	0.44851	NUM
afbr-76	270	2	2	2	NUM
afbr-76	270	3	non	non	ADJ
afbr-76	270	4	-	-	ADJ
afbr-76	270	5	stationary	stationary	ADJ
afbr-76	270	6	mkcp	mkcp	ADJ
afbr-76	270	7	-3.681914	-3.681914	NOUN
afbr-76	270	8	-2.19183	-2.19183	PUNCT
afbr-76	271	1	-2.625121	-2.625121	PROPN
afbr-76	271	2	-5.085272	-5.085272	NOUN
afbr-76	272	1	2	2	NUM
afbr-76	272	2	non	non	ADJ
afbr-76	272	3	-	-	ADJ
afbr-76	272	4	stationary	stationary	ADJ
afbr-76	272	5	nfpi	nfpi	ADJ
afbr-76	272	6	-3.681914	-3.681914	NOUN
afbr-76	272	7	-2.19183	-2.19183	PUNCT
afbr-76	273	1	-2.625121	-2.625121	ADJ
afbr-76	273	2	-7.452394	-7.452394	X
afbr-76	273	3	2	2	NUM
afbr-76	273	4	non	non	ADJ
afbr-76	273	5	-	-	ADJ
afbr-76	273	6	stationary	stationary	ADJ
afbr-76	273	7	pie	pie	NOUN
afbr-76	273	8	-3.681914	-3.681914	NOUN
afbr-76	273	9	-2.19183	-2.19183	PUNCT
afbr-76	274	1	-2.625121	-2.625121	PROPN
afbr-76	274	2	-6.28197	-6.28197	NOUN
afbr-76	275	1	2	2	NUM
afbr-76	275	2	non	non	ADJ
afbr-76	275	3	-	-	ADJ
afbr-76	275	4	stationary	stationary	ADJ
afbr-76	275	5	pib	pib	ADJ
afbr-76	275	6	-3.681914	-3.681914	NOUN
afbr-76	275	7	-2.19183	-2.19183	PUNCT
afbr-76	276	1	-2.625121	-2.625121	PROPN
afbr-76	276	2	-6.907999	-6.907999	NOUN
afbr-76	277	1	2	2	NUM
afbr-76	277	2	non	non	ADJ
afbr-76	277	3	-	-	ADJ
afbr-76	277	4	stationary	stationary	ADJ
afbr-76	277	5	pigs	pig	NOUN
afbr-76	277	6	-3.681914	-3.681914	NOUN
afbr-76	277	7	-2.19183	-2.19183	PUNCT
afbr-76	278	1	-2.625121	-2.625121	PROPN
afbr-76	278	2	-11.28601	-11.28601	NUM
afbr-76	279	1	2	2	NUM
afbr-76	279	2	non	non	ADJ
afbr-76	279	3	-	-	ADJ
afbr-76	279	4	stationary	stationary	ADJ
afbr-76	279	5	exr	exr	PROPN
afbr-76	279	6	-3.681914	-3.681914	NOUN
afbr-76	279	7	-2.19183	-2.19183	PUNCT
afbr-76	280	1	-2.625121	-2.625121	PROPN
afbr-76	280	2	-8.660356	-8.660356	NOUN
afbr-76	280	3	2	2	NUM
afbr-76	280	4	non	non	ADJ
afbr-76	280	5	-	-	ADJ
afbr-76	280	6	stationary	stationary	ADJ
afbr-76	280	7	at	at	ADP
afbr-76	280	8	difference	difference	NOUN
afbr-76	280	9	aspi	aspi	NOUN
afbr-76	280	10	-3.681914	-3.681914	PROPN
afbr-76	280	11	-2.19183	-2.19183	PUNCT
afbr-76	281	1	-2.625121	-2.625121	VERB
afbr-76	282	1	5.389412	5.389412	NUM
afbr-76	282	2	2	2	NUM
afbr-76	282	3	stationary	stationary	ADJ
afbr-76	282	4	mkcp	mkcp	ADJ
afbr-76	282	5	-3.681914	-3.681914	NOUN
afbr-76	282	6	-2.19183	-2.19183	PUNCT
afbr-76	283	1	-2.625121	-2.625121	PROPN
afbr-76	283	2	-2.288303	-2.288303	NOUN
afbr-76	284	1	2	2	NUM
afbr-76	284	2	stationary	stationary	ADJ
afbr-76	284	3	nfpi	nfpi	ADJ
afbr-76	284	4	-3.681914	-3.681914	NOUN
afbr-76	284	5	-2.19183	-2.19183	PUNCT
afbr-76	285	1	-2.625121	-2.625121	PUNCT
afbr-76	286	1	0.565253	0.565253	NUM
afbr-76	286	2	2	2	NUM
afbr-76	286	3	stationary	stationary	ADJ
afbr-76	286	4	pie	pie	NOUN
afbr-76	286	5	-3.681914	-3.681914	NOUN
afbr-76	286	6	-2.19183	-2.19183	PUNCT
afbr-76	287	1	-2.625121	-2.625121	PROPN
afbr-76	287	2	-6.285197	-6.285197	NOUN
afbr-76	288	1	2	2	NUM
afbr-76	288	2	stationary	stationary	ADJ
afbr-76	288	3	pib	pib	ADJ
afbr-76	288	4	-3.681914	-3.681914	NOUN
afbr-76	288	5	-2.19183	-2.19183	PUNCT
afbr-76	289	1	-2.625121	-2.625121	PROPN
afbr-76	289	2	-6.468982	-6.468982	NOUN
afbr-76	290	1	2	2	NUM
afbr-76	290	2	stationary	stationary	ADJ
afbr-76	290	3	pigs	pig	NOUN
afbr-76	290	4	-3.681914	-3.681914	NOUN
afbr-76	290	5	-2.19183	-2.19183	PUNCT
afbr-76	291	1	-2.625121	-2.625121	PROPN
afbr-76	291	2	-7.220513	-7.220513	NOUN
afbr-76	292	1	2	2	NUM
afbr-76	292	2	stationary	stationary	ADJ
afbr-76	292	3	exr	exr	PROPN
afbr-76	292	4	-3.681914	-3.681914	NOUN
afbr-76	292	5	-2.19183	-2.19183	PUNCT
afbr-76	293	1	-2.625121	-2.625121	PROPN
afbr-76	293	2	-10.95431	-10.95431	NUM
afbr-76	293	3	2	2	NUM
afbr-76	293	4	stationary	stationary	ADJ
afbr-76	293	5	source	source	NOUN
afbr-76	293	6	:	:	PUNCT
afbr-76	293	7	author	author	NOUN
afbr-76	293	8	’s	’s	PART
afbr-76	293	9	computation	computation	NOUN
afbr-76	293	10	as	as	SCONJ
afbr-76	293	11	extracted	extract	VERB
afbr-76	293	12	the	the	DET
afbr-76	293	13	table	table	NOUN
afbr-76	293	14	above	above	ADV
afbr-76	293	15	shows	show	VERB
afbr-76	293	16	the	the	DET
afbr-76	293	17	analysis	analysis	NOUN
afbr-76	293	18	of	of	ADP
afbr-76	293	19	the	the	DET
afbr-76	293	20	augmented	augment	VERB
afbr-76	293	21	dickey	dickey	PROPN
afbr-76	293	22	fuller	full	ADJ
afbr-76	293	23	test	test	NOUN
afbr-76	293	24	statistics	statistic	NOUN
afbr-76	293	25	.	.	PUNCT
afbr-76	294	1	it	it	PRON
afbr-76	294	2	shows	show	VERB
afbr-76	294	3	that	that	SCONJ
afbr-76	294	4	all	all	DET
afbr-76	294	5	variables	variable	NOUN
afbr-76	294	6	are	be	AUX
afbr-76	294	7	not	not	PART
afbr-76	294	8	stationary	stationary	ADJ
afbr-76	294	9	at	at	ADP
afbr-76	294	10	level	level	NOUN
afbr-76	294	11	but	but	CCONJ
afbr-76	294	12	stationary	stationary	ADJ
afbr-76	294	13	at	at	ADP
afbr-76	294	14	difference	difference	NOUN
afbr-76	294	15	.	.	PUNCT
afbr-76	295	1	table	table	NOUN
afbr-76	295	2	4	4	NUM
afbr-76	295	3	:	:	PUNCT
afbr-76	295	4	johensen	johensen	PROPN
afbr-76	295	5	cointegration	cointegration	NOUN
afbr-76	295	6	test	test	NOUN
afbr-76	295	7	(	(	PUNCT
afbr-76	295	8	trace	trace	NOUN
afbr-76	295	9	test	test	NOUN
afbr-76	295	10	)	)	PUNCT
afbr-76	295	11	model	model	NOUN
afbr-76	295	12	hypothized	hypothize	VERB
afbr-76	295	13	null	null	PROPN
afbr-76	295	14	eigen	eigen	PROPN
afbr-76	295	15	value	value	NOUN
afbr-76	295	16	trace	trace	NOUN
afbr-76	295	17	statistics	statistic	NOUN
afbr-76	295	18	critical	critical	ADJ
afbr-76	295	19	value	value	NOUN
afbr-76	295	20	at	at	ADP
afbr-76	295	21	5	5	NUM
afbr-76	295	22	%	%	NOUN
afbr-76	295	23	probability	probability	NOUN
afbr-76	295	24	remark	remark	NOUN
afbr-76	295	25	1	1	NUM
afbr-76	295	26	.	.	PUNCT
afbr-76	295	27	aspi	aspi	NOUN
afbr-76	295	28	r	r	NOUN
afbr-76	295	29	≤	≤	NUM
afbr-76	295	30	0	0	NUM
afbr-76	295	31	0.954082	0.954082	NUM
afbr-76	295	32	156.0382	156.0382	NUM
afbr-76	295	33	95.75366	95.75366	NUM
afbr-76	295	34	0.0000	0.0000	NUM
afbr-76	295	35	significant	significant	ADJ
afbr-76	295	36	r	r	NOUN
afbr-76	295	37	≤	≤	NUM
afbr-76	295	38	1	1	NUM
afbr-76	295	39	0.674119	0.674119	NUM
afbr-76	295	40	79.01559	79.01559	NUM
afbr-76	295	41	69.81889	69.81889	NUM
afbr-76	295	42	0.0077	0.0077	NUM
afbr-76	295	43	significant	significant	ADJ
afbr-76	295	44	r	r	NOUN
afbr-76	295	45	≤	≤	NUM
afbr-76	295	46	2	2	NUM
afbr-76	295	47	0.644179	0.644179	NUM
afbr-76	295	48	50.98502	50.98502	NUM
afbr-76	295	49	47.85613	47.85613	NUM
afbr-76	295	50	0.0247	0.0247	NUM
afbr-76	295	51	significant	significant	ADJ
afbr-76	295	52	r	r	NOUN
afbr-76	295	53	≤	≤	NUM
afbr-76	295	54	3	3	NUM
afbr-76	295	55	0.506230	0.506230	NUM
afbr-76	295	56	25.15182	25.15182	NUM
afbr-76	295	57	29.79707	29.79707	NUM
afbr-76	295	58	0.1561	0.1561	NUM
afbr-76	295	59	not	not	PART
afbr-76	295	60	significant	significant	ADJ
afbr-76	295	61	r	r	NOUN
afbr-76	295	62	≤	≤	NUM
afbr-76	295	63	4	4	NUM
afbr-76	295	64	0.241908	0.241908	NUM
afbr-76	295	65	7.509662	7.509662	NUM
afbr-76	295	66	15.49471	15.49471	NUM
afbr-76	295	67	0.5192	0.5192	NUM
afbr-76	295	68	not	not	PART
afbr-76	295	69	significant	significant	ADJ
afbr-76	295	70	r	r	NOUN
afbr-76	295	71	≤	≤	NUM
afbr-76	296	1	5	5	NUM
afbr-76	296	2	0.023164	0.023164	NUM
afbr-76	296	3	0.585902	0.585902	NUM
afbr-76	296	4	3.841466	3.841466	NUM
afbr-76	296	5	0.4440	0.4440	NUM
afbr-76	296	6	not	not	PART
afbr-76	296	7	significant	significant	ADJ
afbr-76	296	8	2	2	NUM
afbr-76	296	9	.	.	PUNCT
afbr-76	296	10	mkcp	mkcp	ADJ
afbr-76	296	11	r	r	NOUN
afbr-76	296	12	≤	≤	NUM
afbr-76	296	13	0	0	NUM
afbr-76	296	14	0.945733	0.945733	NUM
afbr-76	296	15	1666350	1666350	NUM
afbr-76	296	16	95.75366	95.75366	NUM
afbr-76	297	1	103.18	103.18	NUM
afbr-76	297	2	significant	significant	ADJ
afbr-76	297	3	r	r	NOUN
afbr-76	297	4	≤	≤	NUM
afbr-76	297	5	1	1	NUM
afbr-76	297	6	0.707007	0.707007	NUM
afbr-76	297	7	87.96130	87.96130	NUM
afbr-76	297	8	69.81889	69.81889	NUM
afbr-76	297	9	0.0000	0.0000	NUM
afbr-76	297	10	significant	significant	ADJ
afbr-76	297	11	r	r	NOUN
afbr-76	297	12	≤	≤	NUM
afbr-76	297	13	2	2	NUM
afbr-76	297	14	0.588251	0.588251	NUM
afbr-76	297	15	54.81592	54.81592	NUM
afbr-76	297	16	47.85613	47.85613	NUM
afbr-76	297	17	0.0009	0.0009	NUM
afbr-76	297	18	significant	significant	ADJ
afbr-76	297	19	r	r	NOUN
afbr-76	297	20	≤	≤	NUM
afbr-76	297	21	3	3	NUM
afbr-76	297	22	0.453504	0.453504	NUM
afbr-76	297	23	30.85769	30.85769	NUM
afbr-76	297	24	29.79707	29.79707	NUM
afbr-76	297	25	0.0097	0.0097	NUM
afbr-76	297	26	significant	significant	ADJ
afbr-76	297	27	r	r	NOUN
afbr-76	297	28	≤	≤	NUM
afbr-76	297	29	4	4	NUM
afbr-76	297	30	0.292913	0.292913	NUM
afbr-76	297	31	14.54355	14.54355	NUM
afbr-76	297	32	15.49471	15.49471	NUM
afbr-76	297	33	0.0376	0.0376	NUM
afbr-76	297	34	significant	significant	ADJ
afbr-76	297	35	r	r	NOUN
afbr-76	297	36	≤	≤	NUM
afbr-76	297	37	5	5	NUM
afbr-76	297	38	0.174734	0.174734	NUM
afbr-76	297	39	5.185322	5.185322	NUM
afbr-76	297	40	3.841466	3.841466	NUM
afbr-76	297	41	0.0629	0.0629	NUM
afbr-76	297	42	not	not	PART
afbr-76	297	43	significant	significant	ADJ
afbr-76	297	44	source	source	NOUN
afbr-76	297	45	:	:	PUNCT
afbr-76	297	46	author	author	NOUN
afbr-76	297	47	’s	’s	PART
afbr-76	297	48	computation	computation	NOUN
afbr-76	297	49	the	the	DET
afbr-76	297	50	results	result	NOUN
afbr-76	297	51	presented	present	VERB
afbr-76	297	52	in	in	ADP
afbr-76	297	53	the	the	DET
afbr-76	297	54	above	above	ADJ
afbr-76	297	55	table	table	NOUN
afbr-76	297	56	choose	choose	VERB
afbr-76	297	57	the	the	DET
afbr-76	297	58	stable	stable	ADJ
afbr-76	297	59	and	and	CCONJ
afbr-76	297	60	long	long	ADJ
afbr-76	297	61	run	run	NOUN
afbr-76	297	62	relationship	relationship	NOUN
afbr-76	297	63	between	between	ADP
afbr-76	297	64	the	the	DET
afbr-76	297	65	independent	independent	ADJ
afbr-76	297	66	and	and	CCONJ
afbr-76	297	67	the	the	DET
afbr-76	297	68	dependent	dependent	ADJ
afbr-76	297	69	variables	variable	NOUN
afbr-76	297	70	in	in	ADP
afbr-76	297	71	the	the	DET
afbr-76	297	72	models	model	NOUN
afbr-76	297	73	.	.	PUNCT
afbr-76	298	1	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	PROPN
afbr-76	298	2	australian	australian	ADJ
afbr-76	298	3	finance	finance	PROPN
afbr-76	298	4	&	&	CCONJ
afbr-76	298	5	banking	banking	PROPN
afbr-76	298	6	review	review	PROPN
afbr-76	298	7	vol	vol	NOUN
afbr-76	298	8	.	.	PROPN
afbr-76	299	1	2	2	NUM
afbr-76	299	2	,	,	PUNCT
afbr-76	299	3	no	no	INTJ
afbr-76	299	4	.	.	NOUN
afbr-76	299	5	1	1	NUM
afbr-76	299	6	;	;	PUNCT
afbr-76	299	7	2018	2018	NUM
afbr-76	299	8	21	21	NUM
afbr-76	299	9	table	table	NOUN
afbr-76	299	10	5	5	NUM
afbr-76	299	11	:	:	PUNCT
afbr-76	299	12	johensen	johensen	PROPN
afbr-76	299	13	cointegration	cointegration	NOUN
afbr-76	299	14	test	test	NOUN
afbr-76	299	15	(	(	PUNCT
afbr-76	299	16	maximum	maximum	PROPN
afbr-76	299	17	eigen	eigen	PROPN
afbr-76	299	18	)	)	PUNCT
afbr-76	299	19	model	model	NOUN
afbr-76	299	20	hypotheses	hypothesis	NOUN
afbr-76	299	21	null	null	PROPN
afbr-76	299	22	eigen	eigen	PROPN
afbr-76	299	23	value	value	PROPN
afbr-76	299	24	maximum	maximum	PROPN
afbr-76	299	25	eigen	eigen	PROPN
afbr-76	299	26	critical	critical	ADJ
afbr-76	299	27	value	value	NOUN
afbr-76	299	28	at	at	ADP
afbr-76	299	29	5	5	NUM
afbr-76	299	30	%	%	NOUN
afbr-76	299	31	probability	probability	NOUN
afbr-76	299	32	remark	remark	NOUN
afbr-76	299	33	1	1	NUM
afbr-76	299	34	.	.	PUNCT
afbr-76	299	35	aspi	aspi	NOUN
afbr-76	299	36	r	r	NOUN
afbr-76	299	37	≤	≤	NUM
afbr-76	299	38	0	0	NUM
afbr-76	299	39	0.954082	0.954082	NUM
afbr-76	299	40	77.02264	77.02264	NUM
afbr-76	299	41	40.07757	40.07757	NUM
afbr-76	299	42	0.0000	0.0000	NUM
afbr-76	299	43	significant	significant	ADJ
afbr-76	299	44	r	r	NOUN
afbr-76	299	45	≤	≤	NUM
afbr-76	299	46	1	1	NUM
afbr-76	299	47	0.674119	0.674119	NUM
afbr-76	299	48	28.03057	28.03057	NUM
afbr-76	299	49	33.87687	33.87687	NUM
afbr-76	299	50	0.2121	0.2121	NUM
afbr-76	299	51	not	not	PART
afbr-76	299	52	significant	significant	ADJ
afbr-76	299	53	r	r	NOUN
afbr-76	299	54	≤	≤	NUM
afbr-76	299	55	2	2	NUM
afbr-76	299	56	0.644179	0.644179	NUM
afbr-76	299	57	25.83320	25.83320	NUM
afbr-76	299	58	27.58434	27.58434	NUM
afbr-76	299	59	0.0823	0.0823	NUM
afbr-76	299	60	not	not	PART
afbr-76	299	61	significant	significant	ADJ
afbr-76	299	62	r	r	NOUN
afbr-76	299	63	≤	≤	NUM
afbr-76	299	64	3	3	NUM
afbr-76	299	65	0.506230	0.506230	NUM
afbr-76	299	66	17.64215	17.64215	NUM
afbr-76	299	67	21.13162	21.13162	NUM
afbr-76	299	68	0.1438	0.1438	NUM
afbr-76	299	69	not	not	PART
afbr-76	299	70	significant	significant	ADJ
afbr-76	299	71	r	r	NOUN
afbr-76	299	72	≤	≤	NUM
afbr-76	299	73	4	4	NUM
afbr-76	299	74	0.241908	0.241908	NUM
afbr-76	299	75	6.923760	6.923760	NUM
afbr-76	299	76	14.26460	14.26460	NUM
afbr-76	299	77	0.4982	0.4982	NUM
afbr-76	299	78	not	not	PART
afbr-76	299	79	significant	significant	ADJ
afbr-76	299	80	r	r	NOUN
afbr-76	299	81	≤	≤	NUM
afbr-76	300	1	5	5	NUM
afbr-76	300	2	0.023164	0.023164	NUM
afbr-76	300	3	0.585902	0.585902	NUM
afbr-76	300	4	3.841466	3.841466	NUM
afbr-76	300	5	0.4440	0.4440	NUM
afbr-76	300	6	not	not	PART
afbr-76	300	7	significant	significant	ADJ
afbr-76	300	8	2	2	NUM
afbr-76	300	9	.	.	PUNCT
afbr-76	300	10	mkcp	mkcp	ADJ
afbr-76	300	11	r	r	NOUN
afbr-76	300	12	≤	≤	NUM
afbr-76	300	13	0	0	NUM
afbr-76	300	14	0.945733	0.945733	NUM
afbr-76	300	15	78.67368	78.67368	NUM
afbr-76	300	16	40.07057	40.07057	NUM
afbr-76	300	17	0.000	0.000	NUM
afbr-76	300	18	significant	significant	ADJ
afbr-76	300	19	r	r	NOUN
afbr-76	300	20	≤	≤	NUM
afbr-76	300	21	1	1	NUM
afbr-76	300	22	0.707007	0.707007	NUM
afbr-76	300	23	33.14538	33.14538	NUM
afbr-76	300	24	33.87687	33.87687	NUM
afbr-76	300	25	0.069	0.069	NUM
afbr-76	300	26	not	not	PART
afbr-76	300	27	significant	significant	ADJ
afbr-76	300	28	r	r	NOUN
afbr-76	300	29	≤	≤	NUM
afbr-76	300	30	2	2	NUM
afbr-76	300	31	0.588251	0.588251	NUM
afbr-76	300	32	23.95823	23.95823	NUM
afbr-76	300	33	27.58434	27.58434	NUM
afbr-76	300	34	0.1362	0.1362	NUM
afbr-76	300	35	not	not	PART
afbr-76	300	36	significant	significant	ADJ
afbr-76	300	37	r	r	NOUN
afbr-76	300	38	≤	≤	NUM
afbr-76	300	39	3	3	NUM
afbr-76	300	40	0.453504	0.453504	NUM
afbr-76	300	41	16.31414	16.31414	NUM
afbr-76	300	42	21.13162	21.13162	NUM
afbr-76	300	43	0.2070	0.2070	NUM
afbr-76	300	44	not	not	PART
afbr-76	300	45	significant	significant	ADJ
afbr-76	300	46	r	r	NOUN
afbr-76	300	47	≤	≤	NUM
afbr-76	300	48	4	4	NUM
afbr-76	300	49	0.292913	0.292913	NUM
afbr-76	300	50	9.358228	9.358228	NUM
afbr-76	300	51	14.26460	14.26460	NUM
afbr-76	300	52	0.2576	0.2576	NUM
afbr-76	300	53	not	not	PART
afbr-76	300	54	significant	significant	ADJ
afbr-76	300	55	r	r	NOUN
afbr-76	300	56	≤	≤	NUM
afbr-76	300	57	5	5	NUM
afbr-76	300	58	0.174734	0.174734	NUM
afbr-76	300	59	5.185322	5.185322	NUM
afbr-76	300	60	3.841466	3.841466	NUM
afbr-76	300	61	0.0228	0.0228	NUM
afbr-76	300	62	not	not	PART
afbr-76	300	63	significant	significant	ADJ
afbr-76	300	64	source	source	NOUN
afbr-76	300	65	:	:	PUNCT
afbr-76	300	66	author	author	NOUN
afbr-76	300	67	’s	’s	PART
afbr-76	300	68	computation	computation	NOUN
afbr-76	300	69	the	the	DET
afbr-76	300	70	results	result	NOUN
afbr-76	300	71	presented	present	VERB
afbr-76	300	72	in	in	ADP
afbr-76	300	73	the	the	DET
afbr-76	300	74	above	above	ADJ
afbr-76	300	75	table	table	NOUN
afbr-76	300	76	choose	choose	VERB
afbr-76	300	77	the	the	DET
afbr-76	300	78	stable	stable	ADJ
afbr-76	300	79	and	and	CCONJ
afbr-76	300	80	long	long	ADJ
afbr-76	300	81	run	run	NOUN
afbr-76	300	82	relationship	relationship	NOUN
afbr-76	300	83	between	between	ADP
afbr-76	300	84	the	the	DET
afbr-76	300	85	independent	independent	ADJ
afbr-76	300	86	and	and	CCONJ
afbr-76	300	87	the	the	DET
afbr-76	300	88	dependent	dependent	ADJ
afbr-76	300	89	variables	variable	NOUN
afbr-76	300	90	in	in	ADP
afbr-76	300	91	the	the	DET
afbr-76	300	92	models	model	NOUN
afbr-76	300	93	.	.	PUNCT
afbr-76	301	1	table	table	NOUN
afbr-76	301	2	6	6	NUM
afbr-76	301	3	:	:	PUNCT
afbr-76	301	4	normalized	normalize	VERB
afbr-76	301	5	co	co	NOUN
afbr-76	301	6	integration	integration	NOUN
afbr-76	301	7	results	result	VERB
afbr-76	301	8	source	source	NOUN
afbr-76	301	9	:	:	PUNCT
afbr-76	301	10	author	author	NOUN
afbr-76	301	11	’s	’s	PART
afbr-76	301	12	computation	computation	NOUN
afbr-76	301	13	the	the	DET
afbr-76	301	14	table	table	NOUN
afbr-76	301	15	above	above	ADV
afbr-76	301	16	reveals	reveal	VERB
afbr-76	301	17	the	the	DET
afbr-76	301	18	long	long	ADJ
afbr-76	301	19	run	run	NOUN
afbr-76	301	20	relationship	relationship	NOUN
afbr-76	301	21	between	between	ADP
afbr-76	301	22	the	the	DET
afbr-76	301	23	dependent	dependent	ADJ
afbr-76	301	24	and	and	CCONJ
afbr-76	301	25	the	the	DET
afbr-76	301	26	independent	independent	ADJ
afbr-76	301	27	variables	variable	NOUN
afbr-76	301	28	in	in	ADP
afbr-76	301	29	the	the	DET
afbr-76	301	30	models	model	NOUN
afbr-76	301	31	.	.	PUNCT
afbr-76	302	1	table	table	NOUN
afbr-76	302	2	7	7	NUM
afbr-76	302	3	:	:	PUNCT
afbr-76	302	4	pair	pair	VERB
afbr-76	302	5	wise	wise	ADJ
afbr-76	302	6	granger	granger	PROPN
afbr-76	302	7	causality	causality	PROPN
afbr-76	302	8	test	test	NOUN
afbr-76	302	9	:	:	PUNCT
afbr-76	302	10	model	model	NOUN
afbr-76	302	11	i	i	PRON
afbr-76	302	12	pairwise	pairwise	VERB
afbr-76	302	13	granger	granger	NOUN
afbr-76	302	14	causality	causality	PROPN
afbr-76	302	15	tests	test	VERB
afbr-76	302	16	null	null	ADJ
afbr-76	302	17	hypothesis	hypothesis	NOUN
afbr-76	302	18	:	:	PUNCT
afbr-76	302	19	obs	obs	PROPN
afbr-76	302	20	f	f	NOUN
afbr-76	302	21	-	-	PUNCT
afbr-76	302	22	statistic	statistic	ADJ
afbr-76	302	23	prob	prob	NOUN
afbr-76	302	24	.	.	PUNCT
afbr-76	303	1	exr	exr	PROPN
afbr-76	303	2	does	do	AUX
afbr-76	303	3	not	not	PART
afbr-76	303	4	granger	granger	PROPN
afbr-76	303	5	cause	cause	VERB
afbr-76	303	6	aspi	aspi	NOUN
afbr-76	303	7	27	27	NUM
afbr-76	303	8	0.03881	0.03881	NUM
afbr-76	303	9	0.9620	0.9620	NUM
afbr-76	303	10	aspi	aspi	NOUN
afbr-76	303	11	does	do	AUX
afbr-76	303	12	not	not	PART
afbr-76	303	13	granger	granger	AUX
afbr-76	303	14	cause	cause	VERB
afbr-76	303	15	exr	exr	PROPN
afbr-76	303	16	0.29521	0.29521	NUM
afbr-76	303	17	0.7473	0.7473	NUM
afbr-76	303	18	nfpi	nfpi	ADJ
afbr-76	303	19	does	do	AUX
afbr-76	303	20	not	not	PART
afbr-76	303	21	granger	granger	NOUN
afbr-76	303	22	cause	cause	VERB
afbr-76	303	23	aspi	aspi	NOUN
afbr-76	303	24	27	27	NUM
afbr-76	303	25	3.39259	3.39259	NUM
afbr-76	303	26	0.0520	0.0520	NUM
afbr-76	303	27	aspi	aspi	NOUN
afbr-76	303	28	does	do	AUX
afbr-76	303	29	not	not	PART
afbr-76	303	30	granger	granger	AUX
afbr-76	303	31	cause	cause	VERB
afbr-76	303	32	nfpi	nfpi	ADJ
afbr-76	303	33	6.40120	6.40120	NUM
afbr-76	303	34	0.0064	0.0064	NUM
afbr-76	303	35	pib	pib	NOUN
afbr-76	303	36	does	do	AUX
afbr-76	303	37	not	not	PART
afbr-76	303	38	granger	granger	PROPN
afbr-76	303	39	cause	cause	VERB
afbr-76	303	40	aspi	aspi	NOUN
afbr-76	303	41	26	26	NUM
afbr-76	303	42	0.90906	0.90906	NUM
afbr-76	303	43	0.4182	0.4182	NUM
afbr-76	303	44	aspi	aspi	NOUN
afbr-76	303	45	does	do	AUX
afbr-76	303	46	not	not	PART
afbr-76	303	47	granger	granger	AUX
afbr-76	303	48	cause	cause	VERB
afbr-76	303	49	pib	pib	PROPN
afbr-76	303	50	0.04577	0.04577	NUM
afbr-76	303	51	0.9554	0.9554	NUM
afbr-76	303	52	pie	pie	NOUN
afbr-76	303	53	does	do	AUX
afbr-76	303	54	not	not	PART
afbr-76	303	55	granger	granger	NOUN
afbr-76	303	56	cause	cause	VERB
afbr-76	303	57	aspi	aspi	NOUN
afbr-76	303	58	27	27	NUM
afbr-76	303	59	6.64787	6.64787	NUM
afbr-76	303	60	0.0055	0.0055	NUM
afbr-76	303	61	aspi	aspi	NOUN
afbr-76	303	62	does	do	AUX
afbr-76	303	63	not	not	PART
afbr-76	303	64	granger	granger	AUX
afbr-76	303	65	cause	cause	VERB
afbr-76	303	66	pie	pie	NOUN
afbr-76	303	67	8.87283	8.87283	NUM
afbr-76	303	68	0.0015	0.0015	NUM
afbr-76	303	69	pigs	pig	NOUN
afbr-76	303	70	does	do	AUX
afbr-76	303	71	not	not	PART
afbr-76	303	72	granger	granger	NOUN
afbr-76	303	73	cause	cause	VERB
afbr-76	303	74	aspi	aspi	NOUN
afbr-76	303	75	25	25	NUM
afbr-76	303	76	0.00071	0.00071	NUM
afbr-76	303	77	0.9993	0.9993	NUM
afbr-76	303	78	aspi	aspi	NOUN
afbr-76	303	79	does	do	AUX
afbr-76	303	80	not	not	PART
afbr-76	303	81	granger	granger	AUX
afbr-76	303	82	cause	cause	VERB
afbr-76	303	83	pigs	pig	NOUN
afbr-76	303	84	0.48612	0.48612	NUM
afbr-76	303	85	0.6221	0.6221	NUM
afbr-76	303	86	the	the	DET
afbr-76	303	87	objective	objective	NOUN
afbr-76	303	88	of	of	ADP
afbr-76	303	89	granger	granger	PROPN
afbr-76	303	90	causality	causality	PROPN
afbr-76	303	91	is	be	AUX
afbr-76	303	92	to	to	PART
afbr-76	303	93	examine	examine	VERB
afbr-76	303	94	the	the	DET
afbr-76	303	95	casual	casual	ADJ
afbr-76	303	96	relationship	relationship	NOUN
afbr-76	303	97	running	run	VERB
afbr-76	303	98	from	from	ADP
afbr-76	303	99	the	the	DET
afbr-76	303	100	dependent	dependent	ADJ
afbr-76	303	101	to	to	ADP
afbr-76	303	102	the	the	DET
afbr-76	303	103	independent	independent	ADJ
afbr-76	303	104	variables	variable	NOUN
afbr-76	303	105	and	and	CCONJ
afbr-76	303	106	from	from	ADP
afbr-76	303	107	the	the	DET
afbr-76	303	108	dependent	dependent	ADJ
afbr-76	303	109	variables	variable	NOUN
afbr-76	303	110	.	.	PUNCT
afbr-76	304	1	from	from	ADP
afbr-76	304	2	the	the	DET
afbr-76	304	3	above	above	NOUN
afbr-76	304	4	,	,	PUNCT
afbr-76	304	5	the	the	DET
afbr-76	304	6	probability	probability	NOUN
afbr-76	304	7	value	value	NOUN
afbr-76	304	8	shows	show	VERB
afbr-76	304	9	a	a	DET
afbr-76	304	10	bivariable	bivariable	ADJ
afbr-76	304	11	coefficient	coefficient	NOUN
afbr-76	304	12	standard	standard	ADJ
afbr-76	304	13	error	error	NOUN
afbr-76	304	14	type	type	NOUN
afbr-76	304	15	remark	remark	NOUN
afbr-76	304	16	aspi	aspi	NOUN
afbr-76	304	17	1.000000	1.000000	NUM
afbr-76	304	18	nfpi	nfpi	ADJ
afbr-76	304	19	2.638675	2.638675	NUM
afbr-76	304	20	0.16356	0.16356	NUM
afbr-76	304	21	negative	negative	ADJ
afbr-76	304	22	expected	expect	VERB
afbr-76	304	23	pie	pie	NOUN
afbr-76	304	24	-7.008705	-7.008705	NOUN
afbr-76	304	25	0.3966	0.3966	NUM
afbr-76	304	26	negative	negative	NOUN
afbr-76	304	27	not	not	PART
afbr-76	304	28	expected	expect	VERB
afbr-76	304	29	pib	pib	ADJ
afbr-76	304	30	4.752103	4.752103	NUM
afbr-76	304	31	1.44059	1.44059	NUM
afbr-76	304	32	negative	negative	ADJ
afbr-76	304	33	not	not	PART
afbr-76	304	34	expected	expect	VERB
afbr-76	304	35	pigs	pig	NOUN
afbr-76	305	1	56.73859	56.73859	NUM
afbr-76	305	2	4.88216	4.88216	NUM
afbr-76	305	3	positive	positive	ADJ
afbr-76	305	4	expected	expect	VERB
afbr-76	305	5	exr	exr	PROPN
afbr-76	305	6	-0.209000	-0.209000	PROPN
afbr-76	305	7	0.07347	0.07347	NUM
afbr-76	305	8	negative	negative	ADJ
afbr-76	305	9	not	not	PART
afbr-76	305	10	expected	expect	VERB
afbr-76	305	11	log	log	NOUN
afbr-76	305	12	likelihood	likelihood	NOUN
afbr-76	305	13	mkcp	mkcp	PROPN
afbr-76	305	14	0.0000	0.0000	NUM
afbr-76	305	15	nfpi	nfpi	ADJ
afbr-76	305	16	4.753615	4.753615	NUM
afbr-76	305	17	1.25885	1.25885	NUM
afbr-76	305	18	pie	pie	NOUN
afbr-76	305	19	-8.178754	-8.178754	NOUN
afbr-76	305	20	3.03862	3.03862	NUM
afbr-76	305	21	negative	negative	ADJ
afbr-76	305	22	not	not	PART
afbr-76	305	23	expected	expect	VERB
afbr-76	305	24	pib	pib	PROPN
afbr-76	305	25	43.23362	43.23362	NUM
afbr-76	305	26	16.8056	16.8056	NUM
afbr-76	305	27	positive	positive	ADJ
afbr-76	305	28	expected	expect	VERB
afbr-76	305	29	pigs	pig	NOUN
afbr-76	305	30	31.63909	31.63909	NUM
afbr-76	305	31	58.4390	58.4390	NUM
afbr-76	305	32	positive	positive	ADJ
afbr-76	305	33	expected	expect	VERB
afbr-76	305	34	exr	exr	PROPN
afbr-76	305	35	1.0000	1.0000	NUM
afbr-76	305	36	0.000	0.000	NUM
afbr-76	305	37	negative	negative	NOUN
afbr-76	305	38	not	not	PART
afbr-76	305	39	expected	expect	VERB
afbr-76	305	40	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-76	305	41	australian	australian	ADJ
afbr-76	305	42	finance	finance	PROPN
afbr-76	305	43	&	&	CCONJ
afbr-76	305	44	banking	banking	PROPN
afbr-76	305	45	review	review	PROPN
afbr-76	305	46	vol	vol	NOUN
afbr-76	305	47	.	.	PROPN
afbr-76	306	1	2	2	NUM
afbr-76	306	2	,	,	PUNCT
afbr-76	306	3	no	no	INTJ
afbr-76	306	4	.	.	NOUN
afbr-76	306	5	1	1	NUM
afbr-76	306	6	;	;	PUNCT
afbr-76	306	7	2018	2018	NUM
afbr-76	306	8	22	22	NUM
afbr-76	306	9	directional	directional	ADJ
afbr-76	306	10	relationship	relationship	NOUN
afbr-76	306	11	running	run	VERB
afbr-76	306	12	through	through	ADP
afbr-76	306	13	nfpi	nfpi	ADJ
afbr-76	306	14	to	to	PART
afbr-76	306	15	aspito	aspito	VERB
afbr-76	306	16	nfpi	nfpi	PROPN
afbr-76	306	17	,	,	PUNCT
afbr-76	306	18	it	it	PRON
afbr-76	306	19	also	also	ADV
afbr-76	306	20	run	run	VERB
afbr-76	306	21	from	from	ADP
afbr-76	306	22	pie	pie	NOUN
afbr-76	306	23	to	to	PART
afbr-76	306	24	aspi	aspi	NOUN
afbr-76	306	25	and	and	CCONJ
afbr-76	306	26	aspi	aspi	NOUN
afbr-76	306	27	to	to	ADP
afbr-76	306	28	pie	pie	NOUN
afbr-76	306	29	while	while	SCONJ
afbr-76	306	30	others	other	NOUN
afbr-76	306	31	are	be	AUX
afbr-76	306	32	independent	independent	ADJ
afbr-76	306	33	showing	show	VERB
afbr-76	306	34	no	no	DET
afbr-76	306	35	causal	causal	ADJ
afbr-76	306	36	relationship	relationship	NOUN
afbr-76	306	37	between	between	ADP
afbr-76	306	38	the	the	DET
afbr-76	306	39	variables	variable	NOUN
afbr-76	306	40	.	.	PUNCT
afbr-76	307	1	table	table	NOUN
afbr-76	307	2	8	8	NUM
afbr-76	307	3	:	:	PUNCT
afbr-76	307	4	pairwise	pairwise	PROPN
afbr-76	307	5	granger	granger	NOUN
afbr-76	307	6	causality	causality	PROPN
afbr-76	307	7	tests	test	VERB
afbr-76	307	8	model	model	PROPN
afbr-76	307	9	ii	ii	PROPN
afbr-76	307	10	:	:	PUNCT
afbr-76	307	11	pairwise	pairwise	PROPN
afbr-76	307	12	granger	granger	PROPN
afbr-76	307	13	causality	causality	PROPN
afbr-76	307	14	tests	test	VERB
afbr-76	307	15	null	null	ADJ
afbr-76	307	16	hypothesis	hypothesis	NOUN
afbr-76	307	17	:	:	PUNCT
afbr-76	307	18	obs	obs	PROPN
afbr-76	307	19	f	f	NOUN
afbr-76	307	20	-	-	PUNCT
afbr-76	307	21	statistic	statistic	ADJ
afbr-76	307	22	prob	prob	NOUN
afbr-76	307	23	.	.	PUNCT
afbr-76	308	1	mkcp	mkcp	PROPN
afbr-76	308	2	does	do	AUX
afbr-76	308	3	not	not	PART
afbr-76	308	4	granger	granger	NOUN
afbr-76	308	5	cause	cause	VERB
afbr-76	308	6	exr	exr	PROPN
afbr-76	308	7	27	27	NUM
afbr-76	308	8	0.06025	0.06025	NUM
afbr-76	308	9	0.9417	0.9417	NUM
afbr-76	308	10	exr	exr	NOUN
afbr-76	308	11	does	do	AUX
afbr-76	308	12	not	not	PART
afbr-76	308	13	granger	granger	AUX
afbr-76	308	14	cause	cause	VERB
afbr-76	308	15	mkcp	mkcp	ADJ
afbr-76	308	16	0.06183	0.06183	NUM
afbr-76	308	17	0.9402	0.9402	NUM
afbr-76	308	18	nfpi	nfpi	ADJ
afbr-76	308	19	does	do	AUX
afbr-76	308	20	not	not	PART
afbr-76	308	21	granger	granger	VERB
afbr-76	308	22	cause	cause	VERB
afbr-76	308	23	mkcp	mkcp	ADJ
afbr-76	308	24	27	27	NUM
afbr-76	308	25	2.47591	2.47591	NUM
afbr-76	308	26	0.1072	0.1072	NUM
afbr-76	308	27	mkcp	mkcp	NOUN
afbr-76	308	28	does	do	AUX
afbr-76	308	29	not	not	PART
afbr-76	308	30	granger	granger	AUX
afbr-76	308	31	cause	cause	VERB
afbr-76	308	32	nfpi	nfpi	ADJ
afbr-76	308	33	0.33641	0.33641	NUM
afbr-76	308	34	0.7179	0.7179	NUM
afbr-76	308	35	pie	pie	NOUN
afbr-76	308	36	does	do	AUX
afbr-76	308	37	not	not	PART
afbr-76	308	38	granger	granger	AUX
afbr-76	308	39	cause	cause	VERB
afbr-76	308	40	mkcp	mkcp	ADJ
afbr-76	308	41	27	27	NUM
afbr-76	308	42	3.54421	3.54421	NUM
afbr-76	308	43	0.0463	0.0463	NUM
afbr-76	308	44	mkcp	mkcp	NOUN
afbr-76	308	45	does	do	AUX
afbr-76	308	46	not	not	PART
afbr-76	308	47	granger	granger	AUX
afbr-76	308	48	cause	cause	VERB
afbr-76	308	49	pie	pie	NOUN
afbr-76	308	50	8.88733	8.88733	NUM
afbr-76	308	51	0.0015	0.0015	NUM
afbr-76	308	52	pib	pib	NOUN
afbr-76	308	53	does	do	AUX
afbr-76	308	54	not	not	PART
afbr-76	308	55	granger	granger	AUX
afbr-76	308	56	cause	cause	VERB
afbr-76	308	57	mkcp	mkcp	ADJ
afbr-76	308	58	27	27	NUM
afbr-76	308	59	0.09087	0.09087	NUM
afbr-76	308	60	0.9135	0.9135	NUM
afbr-76	308	61	mkcp	mkcp	NOUN
afbr-76	308	62	does	do	AUX
afbr-76	308	63	not	not	PART
afbr-76	308	64	granger	granger	AUX
afbr-76	308	65	cause	cause	VERB
afbr-76	308	66	pib	pib	ADJ
afbr-76	308	67	0.09359	0.09359	NUM
afbr-76	308	68	0.9110	0.9110	NUM
afbr-76	308	69	pigs	pig	NOUN
afbr-76	308	70	does	do	AUX
afbr-76	308	71	not	not	PART
afbr-76	308	72	granger	granger	AUX
afbr-76	308	73	cause	cause	VERB
afbr-76	308	74	mkcp	mkcp	ADJ
afbr-76	308	75	27	27	NUM
afbr-76	308	76	0.57749	0.57749	NUM
afbr-76	308	77	0.5696	0.5696	NUM
afbr-76	308	78	mkcp	mkcp	NOUN
afbr-76	308	79	does	do	AUX
afbr-76	308	80	not	not	PART
afbr-76	308	81	granger	granger	AUX
afbr-76	308	82	cause	cause	VERB
afbr-76	308	83	pigs	pig	NOUN
afbr-76	308	84	2.32293	2.32293	NUM
afbr-76	308	85	0.1215	0.1215	NUM
afbr-76	308	86	5	5	NUM
afbr-76	308	87	.	.	PUNCT
afbr-76	308	88	discussion	discussion	NOUN
afbr-76	308	89	of	of	ADP
afbr-76	308	90	findings	finding	NOUN
afbr-76	308	91	the	the	DET
afbr-76	308	92	nigerian	nigerian	ADJ
afbr-76	308	93	capital	capital	NOUN
afbr-76	308	94	market	market	NOUN
afbr-76	308	95	over	over	ADP
afbr-76	308	96	the	the	DET
afbr-76	308	97	three	three	NUM
afbr-76	308	98	decades	decade	NOUN
afbr-76	308	99	attracts	attract	VERB
afbr-76	308	100	attention	attention	NOUN
afbr-76	308	101	of	of	ADP
afbr-76	308	102	the	the	DET
afbr-76	308	103	government	government	NOUN
afbr-76	308	104	and	and	CCONJ
afbr-76	308	105	the	the	DET
afbr-76	308	106	regulatory	regulatory	ADJ
afbr-76	308	107	authorities	authority	NOUN
afbr-76	308	108	that	that	PRON
afbr-76	308	109	result	result	VERB
afbr-76	308	110	in	in	ADP
afbr-76	308	111	reforms	reform	NOUN
afbr-76	308	112	,	,	PUNCT
afbr-76	308	113	for	for	ADP
afbr-76	308	114	instance	instance	NOUN
afbr-76	308	115	,	,	PUNCT
afbr-76	308	116	the	the	DET
afbr-76	308	117	internationalization	internationalization	NOUN
afbr-76	308	118	of	of	ADP
afbr-76	308	119	the	the	DET
afbr-76	308	120	nigerian	nigerian	ADJ
afbr-76	308	121	capital	capital	NOUN
afbr-76	308	122	market	market	NOUN
afbr-76	308	123	have	have	VERB
afbr-76	308	124	the	the	DET
afbr-76	308	125	objective	objective	NOUN
afbr-76	308	126	of	of	ADP
afbr-76	308	127	attracting	attract	VERB
afbr-76	308	128	of	of	ADP
afbr-76	308	129	foreign	foreign	ADJ
afbr-76	308	130	portfolio	portfolio	NOUN
afbr-76	308	131	investors	investor	NOUN
afbr-76	308	132	.	.	PUNCT
afbr-76	309	1	the	the	DET
afbr-76	309	2	deregulation	deregulation	NOUN
afbr-76	309	3	of	of	ADP
afbr-76	309	4	stock	stock	NOUN
afbr-76	309	5	price	price	NOUN
afbr-76	309	6	in	in	ADP
afbr-76	309	7	1993	1993	NUM
afbr-76	309	8	was	be	AUX
afbr-76	309	9	also	also	ADV
afbr-76	309	10	aimed	aim	VERB
afbr-76	309	11	at	at	ADP
afbr-76	309	12	attracting	attract	VERB
afbr-76	309	13	foreign	foreign	ADJ
afbr-76	309	14	investors	investor	NOUN
afbr-76	309	15	(	(	PUNCT
afbr-76	309	16	onoh	onoh	PROPN
afbr-76	309	17	,	,	PUNCT
afbr-76	309	18	2002	2002	NUM
afbr-76	309	19	)	)	PUNCT
afbr-76	309	20	.	.	PUNCT
afbr-76	310	1	the	the	DET
afbr-76	310	2	objective	objective	NOUN
afbr-76	310	3	of	of	ADP
afbr-76	310	4	this	this	DET
afbr-76	310	5	study	study	NOUN
afbr-76	310	6	is	be	AUX
afbr-76	310	7	to	to	PART
afbr-76	310	8	examine	examine	VERB
afbr-76	310	9	the	the	DET
afbr-76	310	10	extent	extent	NOUN
afbr-76	310	11	to	to	PART
afbr-76	310	12	which	which	PRON
afbr-76	310	13	foreign	foreign	ADJ
afbr-76	310	14	investment	investment	NOUN
afbr-76	310	15	has	have	AUX
afbr-76	310	16	affected	affect	VERB
afbr-76	310	17	the	the	DET
afbr-76	310	18	performance	performance	NOUN
afbr-76	310	19	of	of	ADP
afbr-76	310	20	nigerian	nigerian	ADJ
afbr-76	310	21	capital	capital	NOUN
afbr-76	310	22	market	market	NOUN
afbr-76	310	23	.	.	PUNCT
afbr-76	311	1	from	from	ADP
afbr-76	311	2	model	model	NOUN
afbr-76	311	3	one	one	NUM
afbr-76	311	4	;	;	PUNCT
afbr-76	311	5	the	the	DET
afbr-76	311	6	result	result	NOUN
afbr-76	311	7	found	find	VERB
afbr-76	311	8	that	that	SCONJ
afbr-76	311	9	80.3	80.3	NUM
afbr-76	311	10	%	%	NOUN
afbr-76	311	11	variation	variation	NOUN
afbr-76	311	12	in	in	ADP
afbr-76	311	13	all	all	DET
afbr-76	311	14	share	share	NOUN
afbr-76	311	15	price	price	NOUN
afbr-76	311	16	index	index	NOUN
afbr-76	311	17	can	can	AUX
afbr-76	311	18	be	be	AUX
afbr-76	311	19	traced	trace	VERB
afbr-76	311	20	to	to	ADP
afbr-76	311	21	the	the	DET
afbr-76	311	22	independent	independent	ADJ
afbr-76	311	23	variables	variable	NOUN
afbr-76	311	24	examined	examine	VERB
afbr-76	311	25	in	in	ADP
afbr-76	311	26	the	the	DET
afbr-76	311	27	study	study	NOUN
afbr-76	311	28	.	.	PUNCT
afbr-76	312	1	this	this	PRON
afbr-76	312	2	means	mean	VERB
afbr-76	312	3	that	that	SCONJ
afbr-76	312	4	foreign	foreign	ADJ
afbr-76	312	5	portfolio	portfolio	NOUN
afbr-76	312	6	have	have	VERB
afbr-76	312	7	significant	significant	ADJ
afbr-76	312	8	effect	effect	NOUN
afbr-76	312	9	on	on	ADP
afbr-76	312	10	the	the	DET
afbr-76	312	11	performance	performance	NOUN
afbr-76	312	12	of	of	ADP
afbr-76	312	13	nigerian	nigerian	ADJ
afbr-76	312	14	capital	capital	NOUN
afbr-76	312	15	market	market	NOUN
afbr-76	312	16	measured	measure	VERB
afbr-76	312	17	by	by	ADP
afbr-76	312	18	all	all	DET
afbr-76	312	19	share	share	NOUN
afbr-76	312	20	price	price	NOUN
afbr-76	312	21	index	index	NOUN
afbr-76	312	22	.	.	PUNCT
afbr-76	313	1	the	the	DET
afbr-76	313	2	finding	finding	NOUN
afbr-76	313	3	confirms	confirm	VERB
afbr-76	313	4	the	the	DET
afbr-76	313	5	objective	objective	NOUN
afbr-76	313	6	of	of	ADP
afbr-76	313	7	the	the	DET
afbr-76	313	8	capital	capital	NOUN
afbr-76	313	9	market	market	NOUN
afbr-76	313	10	reform	reform	NOUN
afbr-76	313	11	and	and	CCONJ
afbr-76	313	12	the	the	DET
afbr-76	313	13	a	a	PROPN
afbr-76	313	14	-	-	PUNCT
afbr-76	313	15	piriori	piriori	NOUN
afbr-76	313	16	expectation	expectation	NOUN
afbr-76	313	17	of	of	ADP
afbr-76	313	18	the	the	DET
afbr-76	313	19	result	result	NOUN
afbr-76	313	20	.	.	PUNCT
afbr-76	314	1	however	however	ADV
afbr-76	314	2	,	,	PUNCT
afbr-76	314	3	foreign	foreign	ADJ
afbr-76	314	4	bond	bond	NOUN
afbr-76	314	5	investment	investment	NOUN
afbr-76	314	6	and	and	CCONJ
afbr-76	314	7	foreign	foreign	ADJ
afbr-76	314	8	government	government	NOUN
afbr-76	314	9	security	security	NOUN
afbr-76	314	10	investment	investment	NOUN
afbr-76	314	11	have	have	VERB
afbr-76	314	12	negative	negative	ADJ
afbr-76	314	13	relationship	relationship	NOUN
afbr-76	314	14	with	with	ADP
afbr-76	314	15	all	all	DET
afbr-76	314	16	share	share	NOUN
afbr-76	314	17	price	price	NOUN
afbr-76	314	18	index	index	NOUN
afbr-76	314	19	which	which	PRON
afbr-76	314	20	is	be	AUX
afbr-76	314	21	contrary	contrary	ADJ
afbr-76	314	22	to	to	ADP
afbr-76	314	23	the	the	DET
afbr-76	314	24	expectation	expectation	NOUN
afbr-76	314	25	of	of	ADP
afbr-76	314	26	the	the	DET
afbr-76	314	27	result	result	NOUN
afbr-76	314	28	.	.	PUNCT
afbr-76	315	1	the	the	DET
afbr-76	315	2	negative	negative	ADJ
afbr-76	315	3	relationship	relationship	NOUN
afbr-76	315	4	can	can	AUX
afbr-76	315	5	be	be	AUX
afbr-76	315	6	traced	trace	VERB
afbr-76	315	7	to	to	ADP
afbr-76	315	8	liquidity	liquidity	NOUN
afbr-76	315	9	challenges	challenge	NOUN
afbr-76	315	10	in	in	ADP
afbr-76	315	11	the	the	DET
afbr-76	315	12	international	international	ADJ
afbr-76	315	13	monetary	monetary	ADJ
afbr-76	315	14	system	system	NOUN
afbr-76	315	15	such	such	ADJ
afbr-76	315	16	as	as	ADP
afbr-76	315	17	the	the	DET
afbr-76	315	18	global	global	ADJ
afbr-76	315	19	financial	financial	ADJ
afbr-76	315	20	crises	crisis	NOUN
afbr-76	315	21	.	.	PUNCT
afbr-76	316	1	the	the	DET
afbr-76	316	2	negative	negative	ADJ
afbr-76	316	3	relationship	relationship	NOUN
afbr-76	316	4	of	of	ADP
afbr-76	316	5	the	the	DET
afbr-76	316	6	variables	variable	NOUN
afbr-76	316	7	invalidates	invalidate	VERB
afbr-76	316	8	the	the	DET
afbr-76	316	9	capital	capital	NOUN
afbr-76	316	10	market	market	NOUN
afbr-76	316	11	reforms	reform	NOUN
afbr-76	316	12	.	.	PUNCT
afbr-76	317	1	model	model	NOUN
afbr-76	317	2	two	two	NUM
afbr-76	317	3	reveals	reveal	VERB
afbr-76	317	4	that	that	SCONJ
afbr-76	317	5	23.9	23.9	NUM
afbr-76	317	6	%	%	NOUN
afbr-76	317	7	variation	variation	NOUN
afbr-76	317	8	in	in	ADP
afbr-76	317	9	the	the	DET
afbr-76	317	10	market	market	NOUN
afbr-76	317	11	capitalization	capitalization	NOUN
afbr-76	317	12	can	can	AUX
afbr-76	317	13	be	be	AUX
afbr-76	317	14	traced	trace	VERB
afbr-76	317	15	to	to	ADP
afbr-76	317	16	the	the	DET
afbr-76	317	17	predictor	predictor	NOUN
afbr-76	317	18	variables	variable	NOUN
afbr-76	317	19	in	in	ADP
afbr-76	317	20	the	the	DET
afbr-76	317	21	model	model	NOUN
afbr-76	317	22	.	.	PUNCT
afbr-76	318	1	it	it	PRON
afbr-76	318	2	shows	show	VERB
afbr-76	318	3	that	that	SCONJ
afbr-76	318	4	net	net	ADJ
afbr-76	318	5	foreign	foreign	ADJ
afbr-76	318	6	portfolio	portfolio	NOUN
afbr-76	318	7	investment	investment	NOUN
afbr-76	318	8	,	,	PUNCT
afbr-76	318	9	portfolio	portfolio	NOUN
afbr-76	318	10	investment	investment	NOUN
afbr-76	318	11	in	in	ADP
afbr-76	318	12	bonds	bond	NOUN
afbr-76	318	13	and	and	CCONJ
afbr-76	318	14	portfolio	portfolio	NOUN
afbr-76	318	15	investment	investment	NOUN
afbr-76	318	16	in	in	ADP
afbr-76	318	17	government	government	NOUN
afbr-76	318	18	securitieshave	securitieshave	VERB
afbr-76	318	19	negative	negative	ADJ
afbr-76	318	20	relationship	relationship	NOUN
afbr-76	318	21	with	with	ADP
afbr-76	318	22	market	market	NOUN
afbr-76	318	23	capitalization	capitalization	NOUN
afbr-76	318	24	which	which	PRON
afbr-76	318	25	is	be	AUX
afbr-76	318	26	contrary	contrary	ADJ
afbr-76	318	27	to	to	ADP
afbr-76	318	28	the	the	DET
afbr-76	318	29	expectation	expectation	NOUN
afbr-76	318	30	of	of	ADP
afbr-76	318	31	the	the	DET
afbr-76	318	32	results	result	NOUN
afbr-76	318	33	.	.	PUNCT
afbr-76	319	1	however	however	ADV
afbr-76	319	2	,	,	PUNCT
afbr-76	319	3	foreign	foreign	ADJ
afbr-76	319	4	investment	investment	NOUN
afbr-76	319	5	in	in	ADP
afbr-76	319	6	equities	equity	NOUN
afbr-76	319	7	and	and	CCONJ
afbr-76	319	8	exchange	exchange	NOUN
afbr-76	319	9	rate	rate	NOUN
afbr-76	319	10	haspositive	haspositive	ADJ
afbr-76	319	11	relationship	relationship	NOUN
afbr-76	319	12	on	on	ADP
afbr-76	319	13	nigerian	nigerian	ADJ
afbr-76	319	14	capital	capital	NOUN
afbr-76	319	15	market	market	NOUN
afbr-76	319	16	capitalization	capitalization	NOUN
afbr-76	319	17	.	.	PUNCT
afbr-76	320	1	the	the	DET
afbr-76	320	2	overall	overall	ADJ
afbr-76	320	3	findings	finding	NOUN
afbr-76	320	4	of	of	ADP
afbr-76	320	5	this	this	DET
afbr-76	320	6	study	study	NOUN
afbr-76	320	7	confirm	confirm	VERB
afbr-76	320	8	that	that	SCONJ
afbr-76	320	9	there	there	PRON
afbr-76	320	10	is	be	VERB
afbr-76	320	11	relationship	relationship	NOUN
afbr-76	320	12	between	between	ADP
afbr-76	320	13	foreign	foreign	ADJ
afbr-76	320	14	portfolio	portfolio	NOUN
afbr-76	320	15	investment	investment	NOUN
afbr-76	320	16	and	and	CCONJ
afbr-76	320	17	the	the	DET
afbr-76	320	18	performance	performance	NOUN
afbr-76	320	19	of	of	ADP
afbr-76	320	20	nigerian	nigerian	ADJ
afbr-76	320	21	capital	capital	NOUN
afbr-76	320	22	market	market	NOUN
afbr-76	320	23	.	.	PUNCT
afbr-76	321	1	6	6	X
afbr-76	321	2	.	.	X
afbr-76	321	3	conclusion	conclusion	NOUN
afbr-76	321	4	to	to	PART
afbr-76	321	5	recall	recall	VERB
afbr-76	321	6	that	that	SCONJ
afbr-76	321	7	the	the	DET
afbr-76	321	8	objectives	objective	NOUN
afbr-76	321	9	of	of	ADP
afbr-76	321	10	this	this	DET
afbr-76	321	11	study	study	NOUN
afbr-76	321	12	is	be	AUX
afbr-76	321	13	to	to	PART
afbr-76	321	14	examine	examine	VERB
afbr-76	321	15	the	the	DET
afbr-76	321	16	relationship	relationship	NOUN
afbr-76	321	17	between	between	ADP
afbr-76	321	18	nigerian	nigerian	ADJ
afbr-76	321	19	capital	capital	NOUN
afbr-76	321	20	market	market	NOUN
afbr-76	321	21	indicators	indicator	NOUN
afbr-76	321	22	and	and	CCONJ
afbr-76	321	23	inflow	inflow	NOUN
afbr-76	321	24	of	of	ADP
afbr-76	321	25	foreign	foreign	ADJ
afbr-76	321	26	portfolio	portfolio	NOUN
afbr-76	321	27	investment	investment	NOUN
afbr-76	321	28	in	in	ADP
afbr-76	321	29	nigeria	nigeria	PROPN
afbr-76	321	30	capital	capital	NOUN
afbr-76	321	31	market	market	NOUN
afbr-76	321	32	,	,	PUNCT
afbr-76	321	33	the	the	DET
afbr-76	321	34	data	datum	NOUN
afbr-76	321	35	was	be	AUX
afbr-76	321	36	sourced	source	VERB
afbr-76	321	37	from	from	ADP
afbr-76	321	38	central	central	ADJ
afbr-76	321	39	bank	bank	PROPN
afbr-76	321	40	of	of	ADP
afbr-76	321	41	nigeria	nigeria	PROPN
afbr-76	321	42	statistical	statistical	ADJ
afbr-76	321	43	bulletin	bulletin	NOUN
afbr-76	321	44	.	.	PUNCT
afbr-76	322	1	the	the	DET
afbr-76	322	2	study	study	NOUN
afbr-76	322	3	adopts	adopt	VERB
afbr-76	322	4	the	the	DET
afbr-76	322	5	multiple	multiple	ADJ
afbr-76	322	6	regression	regression	NOUN
afbr-76	322	7	using	use	VERB
afbr-76	322	8	econometric	econometric	ADJ
afbr-76	322	9	view	view	NOUN
afbr-76	322	10	and	and	CCONJ
afbr-76	322	11	descriptive	descriptive	ADJ
afbr-76	322	12	analysis	analysis	NOUN
afbr-76	322	13	to	to	PART
afbr-76	322	14	examine	examine	VERB
afbr-76	322	15	the	the	DET
afbr-76	322	16	relationship	relationship	NOUN
afbr-76	322	17	between	between	ADP
afbr-76	322	18	the	the	DET
afbr-76	322	19	dependent	dependent	ADJ
afbr-76	322	20	and	and	CCONJ
afbr-76	322	21	the	the	DET
afbr-76	322	22	independent	independent	ADJ
afbr-76	322	23	variables	variable	NOUN
afbr-76	322	24	.	.	PUNCT
afbr-76	323	1	from	from	ADP
afbr-76	323	2	the	the	DET
afbr-76	323	3	findings	finding	NOUN
afbr-76	323	4	of	of	ADP
afbr-76	323	5	the	the	DET
afbr-76	323	6	study	study	NOUN
afbr-76	323	7	,	,	PUNCT
afbr-76	323	8	fromthe	fromthe	ADJ
afbr-76	323	9	findings	finding	NOUN
afbr-76	323	10	of	of	ADP
afbr-76	323	11	the	the	DET
afbr-76	323	12	study	study	NOUN
afbr-76	323	13	,	,	PUNCT
afbr-76	323	14	foreign	foreign	ADJ
afbr-76	323	15	portfolio	portfolio	NOUN
afbr-76	323	16	has	have	VERB
afbr-76	323	17	more	more	ADV
afbr-76	323	18	significant	significant	ADJ
afbr-76	323	19	effect	effect	NOUN
afbr-76	323	20	on	on	ADP
afbr-76	323	21	all	all	DET
afbr-76	323	22	share	share	NOUN
afbr-76	323	23	price	price	NOUN
afbr-76	323	24	index	index	NOUN
afbr-76	323	25	than	than	ADP
afbr-76	323	26	the	the	DET
afbr-76	323	27	market	market	NOUN
afbr-76	323	28	capitalization	capitalization	NOUN
afbr-76	323	29	.	.	PUNCT
afbr-76	324	1	from	from	ADP
afbr-76	324	2	the	the	DET
afbr-76	324	3	above	above	NOUN
afbr-76	324	4	the	the	DET
afbr-76	324	5	study	study	NOUN
afbr-76	324	6	concludes	conclude	VERB
afbr-76	324	7	that	that	SCONJ
afbr-76	324	8	the	the	DET
afbr-76	324	9	independent	independent	ADJ
afbr-76	324	10	variables	variable	NOUN
afbr-76	324	11	examined	examine	VERB
afbr-76	324	12	in	in	ADP
afbr-76	324	13	the	the	DET
afbr-76	324	14	study	study	NOUN
afbr-76	324	15	have	have	VERB
afbr-76	324	16	significant	significant	ADJ
afbr-76	324	17	relationship	relationship	NOUN
afbr-76	324	18	with	with	ADP
afbr-76	324	19	the	the	DET
afbr-76	324	20	performance	performance	NOUN
afbr-76	324	21	of	of	ADP
afbr-76	324	22	nigerian	nigerian	ADJ
afbr-76	324	23	capital	capital	NOUN
afbr-76	324	24	market	market	NOUN
afbr-76	324	25	.	.	PUNCT
afbr-76	325	1	7	7	X
afbr-76	325	2	.	.	X
afbr-76	325	3	recommendations	recommendation	NOUN
afbr-76	325	4	•	•	VERB
afbr-76	325	5	monetary	monetary	ADJ
afbr-76	325	6	and	and	CCONJ
afbr-76	325	7	macroeconomic	macroeconomic	ADJ
afbr-76	325	8	policies	policy	NOUN
afbr-76	325	9	should	should	AUX
afbr-76	325	10	be	be	AUX
afbr-76	325	11	reformed	reform	VERB
afbr-76	325	12	and	and	CCONJ
afbr-76	325	13	re	re	VERB
afbr-76	325	14	-	-	VERB
afbr-76	325	15	structured	structured	ADJ
afbr-76	325	16	to	to	PART
afbr-76	325	17	achieve	achieve	VERB
afbr-76	325	18	the	the	DET
afbr-76	325	19	macroeconomic	macroeconomic	ADJ
afbr-76	325	20	policy	policy	NOUN
afbr-76	325	21	targets	target	NOUN
afbr-76	325	22	for	for	ADP
afbr-76	325	23	better	well	ADJ
afbr-76	325	24	inflow	inflow	NOUN
afbr-76	325	25	of	of	ADP
afbr-76	325	26	foreign	foreign	ADJ
afbr-76	325	27	portfolio	portfolio	NOUN
afbr-76	325	28	investments	investment	NOUN
afbr-76	325	29	and	and	CCONJ
afbr-76	325	30	the	the	DET
afbr-76	325	31	monetary	monetary	ADJ
afbr-76	325	32	authorities	authority	NOUN
afbr-76	325	33	should	should	AUX
afbr-76	325	34	engage	engage	VERB
afbr-76	325	35	on	on	ADP
afbr-76	325	36	drastic	drastic	ADJ
afbr-76	325	37	measures	measure	NOUN
afbr-76	325	38	to	to	PART
afbr-76	325	39	overhaul	overhaul	VERB
afbr-76	325	40	the	the	DET
afbr-76	325	41	investment	investment	NOUN
afbr-76	325	42	climate	climate	NOUN
afbr-76	325	43	to	to	PART
afbr-76	325	44	attract	attract	VERB
afbr-76	325	45	foreign	foreign	ADJ
afbr-76	325	46	portfolio	portfolio	NOUN
afbr-76	325	47	investors	investor	NOUN
afbr-76	325	48	into	into	ADP
afbr-76	325	49	nigeria	nigeria	PROPN
afbr-76	325	50	.	.	PUNCT
afbr-76	326	1	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	PROPN
afbr-76	326	2	australian	australian	ADJ
afbr-76	326	3	finance	finance	PROPN
afbr-76	326	4	&	&	CCONJ
afbr-76	326	5	banking	banking	PROPN
afbr-76	326	6	review	review	PROPN
afbr-76	326	7	vol	vol	NOUN
afbr-76	326	8	.	.	PROPN
afbr-76	327	1	2	2	NUM
afbr-76	327	2	,	,	PUNCT
afbr-76	327	3	no	no	INTJ
afbr-76	327	4	.	.	NOUN
afbr-76	327	5	1	1	NUM
afbr-76	327	6	;	;	PUNCT
afbr-76	327	7	2018	2018	NUM
afbr-76	327	8	23	23	NUM
afbr-76	327	9	•	•	NOUN
afbr-76	327	10	the	the	DET
afbr-76	327	11	financial	financial	ADJ
afbr-76	327	12	sector	sector	NOUN
afbr-76	327	13	should	should	AUX
afbr-76	327	14	further	far	ADV
afbr-76	327	15	be	be	AUX
afbr-76	327	16	reformed	reform	VERB
afbr-76	327	17	and	and	CCONJ
afbr-76	327	18	re	re	VERB
afbr-76	327	19	-	-	VERB
afbr-76	327	20	structured	structured	ADJ
afbr-76	327	21	to	to	PART
afbr-76	327	22	enhance	enhance	VERB
afbr-76	327	23	the	the	DET
afbr-76	327	24	inflow	inflow	NOUN
afbr-76	327	25	of	of	ADP
afbr-76	327	26	foreign	foreign	ADJ
afbr-76	327	27	portfolio	portfolio	NOUN
afbr-76	327	28	investors	investor	NOUN
afbr-76	327	29	and	and	CCONJ
afbr-76	327	30	interest	interest	NOUN
afbr-76	327	31	rate	rate	NOUN
afbr-76	327	32	should	should	AUX
afbr-76	327	33	be	be	AUX
afbr-76	327	34	deregulated	deregulate	VERB
afbr-76	327	35	fully	fully	ADV
afbr-76	327	36	to	to	PART
afbr-76	327	37	allow	allow	VERB
afbr-76	327	38	for	for	ADP
afbr-76	327	39	the	the	DET
afbr-76	327	40	market	market	NOUN
afbr-76	327	41	force	force	NOUN
afbr-76	327	42	of	of	ADP
afbr-76	327	43	demand	demand	NOUN
afbr-76	327	44	and	and	CCONJ
afbr-76	327	45	supply	supply	NOUN
afbr-76	327	46	determines	determine	VERB
afbr-76	327	47	the	the	DET
afbr-76	327	48	market	market	NOUN
afbr-76	327	49	rate	rate	NOUN
afbr-76	327	50	of	of	ADP
afbr-76	327	51	return	return	NOUN
afbr-76	327	52	.	.	PUNCT
afbr-76	328	1	•	•	NUM
afbr-76	328	2	the	the	DET
afbr-76	328	3	nigerian	nigerian	ADJ
afbr-76	328	4	capital	capital	NOUN
afbr-76	328	5	market	market	NOUN
afbr-76	328	6	should	should	AUX
afbr-76	328	7	further	far	ADV
afbr-76	328	8	be	be	AUX
afbr-76	328	9	reformed	reform	VERB
afbr-76	328	10	and	and	CCONJ
afbr-76	328	11	deepened	deepen	VERB
afbr-76	328	12	to	to	ADP
afbr-76	328	13	international	international	ADJ
afbr-76	328	14	standard	standard	NOUN
afbr-76	328	15	to	to	PART
afbr-76	328	16	enhance	enhance	VERB
afbr-76	328	17	the	the	DET
afbr-76	328	18	inflow	inflow	NOUN
afbr-76	328	19	of	of	ADP
afbr-76	328	20	foreign	foreign	ADJ
afbr-76	328	21	investors	investor	NOUN
afbr-76	328	22	and	and	CCONJ
afbr-76	328	23	the	the	DET
afbr-76	328	24	exchange	exchange	NOUN
afbr-76	328	25	rate	rate	NOUN
afbr-76	328	26	market	market	NOUN
afbr-76	328	27	should	should	AUX
afbr-76	328	28	properly	properly	ADV
afbr-76	328	29	be	be	AUX
afbr-76	328	30	managed	manage	VERB
afbr-76	328	31	,	,	PUNCT
afbr-76	328	32	consistent	consistent	ADJ
afbr-76	328	33	exchange	exchange	NOUN
afbr-76	328	34	rate	rate	NOUN
afbr-76	328	35	policies	policy	NOUN
afbr-76	328	36	should	should	AUX
afbr-76	328	37	be	be	AUX
afbr-76	328	38	used	use	VERB
afbr-76	328	39	and	and	CCONJ
afbr-76	328	40	flexible	flexible	ADJ
afbr-76	328	41	exchange	exchange	NOUN
afbr-76	328	42	rate	rate	NOUN
afbr-76	328	43	regime	regime	NOUN
afbr-76	328	44	should	should	AUX
afbr-76	328	45	be	be	AUX
afbr-76	328	46	introduced	introduce	VERB
afbr-76	328	47	for	for	ADP
afbr-76	328	48	effective	effective	ADJ
afbr-76	328	49	management	management	NOUN
afbr-76	328	50	of	of	ADP
afbr-76	328	51	nigerian	nigerian	ADJ
afbr-76	328	52	external	external	ADJ
afbr-76	328	53	sector	sector	NOUN
afbr-76	328	54	.	.	PUNCT
afbr-76	329	1	•	•	NUM
afbr-76	329	2	the	the	DET
afbr-76	329	3	monetary	monetary	ADJ
afbr-76	329	4	policy	policy	NOUN
afbr-76	329	5	should	should	AUX
afbr-76	329	6	make	make	VERB
afbr-76	329	7	policies	policy	NOUN
afbr-76	329	8	that	that	PRON
afbr-76	329	9	will	will	AUX
afbr-76	329	10	avert	avert	VERB
afbr-76	329	11	financial	financial	ADJ
afbr-76	329	12	sector	sector	NOUN
afbr-76	329	13	crisis	crisis	NOUN
afbr-76	329	14	in	in	ADP
afbr-76	329	15	nigeria	nigeria	PROPN
afbr-76	329	16	and	and	CCONJ
afbr-76	329	17	policies	policy	NOUN
afbr-76	329	18	should	should	AUX
afbr-76	329	19	properly	properly	ADV
afbr-76	329	20	be	be	AUX
afbr-76	329	21	device	device	NOUN
afbr-76	329	22	to	to	PART
afbr-76	329	23	manage	manage	VERB
afbr-76	329	24	the	the	DET
afbr-76	329	25	negative	negative	ADJ
afbr-76	329	26	effect	effect	NOUN
afbr-76	329	27	of	of	ADP
afbr-76	329	28	international	international	ADJ
afbr-76	329	29	monetary	monetary	ADJ
afbr-76	329	30	crisis	crisis	NOUN
afbr-76	329	31	on	on	ADP
afbr-76	329	32	the	the	DET
afbr-76	329	33	inflow	inflow	NOUN
afbr-76	329	34	of	of	ADP
afbr-76	329	35	foreign	foreign	ADJ
afbr-76	329	36	portfolio	portfolio	NOUN
afbr-76	329	37	investment	investment	NOUN
afbr-76	329	38	.	.	PUNCT
afbr-76	330	1	•	•	NUM
afbr-76	330	2	the	the	DET
afbr-76	330	3	international	international	ADJ
afbr-76	330	4	liquidity	liquidity	NOUN
afbr-76	330	5	system	system	NOUN
afbr-76	330	6	and	and	CCONJ
afbr-76	330	7	the	the	DET
afbr-76	330	8	international	international	ADJ
afbr-76	330	9	monetary	monetary	ADJ
afbr-76	330	10	policy	policy	NOUN
afbr-76	330	11	should	should	AUX
afbr-76	330	12	be	be	AUX
afbr-76	330	13	well	well	ADV
afbr-76	330	14	examined	examine	VERB
afbr-76	330	15	;	;	PUNCT
afbr-76	330	16	the	the	DET
afbr-76	330	17	existing	exist	VERB
afbr-76	330	18	policies	policy	NOUN
afbr-76	330	19	should	should	AUX
afbr-76	330	20	be	be	AUX
afbr-76	330	21	reviewed	review	VERB
afbr-76	330	22	to	to	PART
afbr-76	330	23	avert	avert	VERB
afbr-76	330	24	the	the	DET
afbr-76	330	25	negative	negative	ADJ
afbr-76	330	26	effect	effect	NOUN
afbr-76	330	27	of	of	ADP
afbr-76	330	28	global	global	ADJ
afbr-76	330	29	liquidity	liquidity	NOUN
afbr-76	330	30	crisis	crisis	NOUN
afbr-76	330	31	that	that	PRON
afbr-76	330	32	can	can	AUX
afbr-76	330	33	negatively	negatively	ADV
afbr-76	330	34	affect	affect	VERB
afbr-76	330	35	the	the	DET
afbr-76	330	36	inflow	inflow	NOUN
afbr-76	330	37	of	of	ADP
afbr-76	330	38	foreign	foreign	ADJ
afbr-76	330	39	investors	investor	NOUN
afbr-76	330	40	and	and	CCONJ
afbr-76	330	41	capital	capital	NOUN
afbr-76	330	42	market	market	NOUN
afbr-76	330	43	performance	performance	NOUN
afbr-76	330	44	.	.	PUNCT
afbr-76	331	1	•	•	NUM
afbr-76	331	2	the	the	DET
afbr-76	331	3	nigerian	nigerian	ADJ
afbr-76	331	4	investment	investment	NOUN
afbr-76	331	5	climate	climate	NOUN
afbr-76	331	6	should	should	AUX
afbr-76	331	7	be	be	AUX
afbr-76	331	8	reviewed	review	VERB
afbr-76	331	9	,	,	PUNCT
afbr-76	331	10	an	an	DET
afbr-76	331	11	international	international	ADJ
afbr-76	331	12	investment	investment	NOUN
afbr-76	331	13	treaties	treaty	NOUN
afbr-76	331	14	be	be	AUX
afbr-76	331	15	revisited	revisit	VERB
afbr-76	331	16	to	to	PART
afbr-76	331	17	enhance	enhance	VERB
afbr-76	331	18	the	the	DET
afbr-76	331	19	inflow	inflow	NOUN
afbr-76	331	20	of	of	ADP
afbr-76	331	21	foreign	foreign	ADJ
afbr-76	331	22	portfolio	portfolio	NOUN
afbr-76	331	23	investors	investor	NOUN
afbr-76	331	24	.	.	PUNCT
afbr-76	332	1	8	8	X
afbr-76	332	2	.	.	X
afbr-76	332	3	contribution	contribution	NOUN
afbr-76	332	4	to	to	PART
afbr-76	332	5	knowledge	knowledge	VERB
afbr-76	332	6	this	this	DET
afbr-76	332	7	study	study	NOUN
afbr-76	332	8	examined	examine	VERB
afbr-76	332	9	foreign	foreign	ADJ
afbr-76	332	10	portfolio	portfolio	NOUN
afbr-76	332	11	and	and	CCONJ
afbr-76	332	12	the	the	DET
afbr-76	332	13	performance	performance	NOUN
afbr-76	332	14	of	of	ADP
afbr-76	332	15	nigerian	nigerian	ADJ
afbr-76	332	16	capital	capital	NOUN
afbr-76	332	17	market	market	NOUN
afbr-76	332	18	using	use	VERB
afbr-76	332	19	time	time	NOUN
afbr-76	332	20	series	series	PROPN
afbr-76	332	21	data	data	PROPN
afbr-76	332	22	.	.	PUNCT
afbr-76	333	1	from	from	ADP
afbr-76	333	2	the	the	DET
afbr-76	333	3	findings	finding	NOUN
afbr-76	333	4	of	of	ADP
afbr-76	333	5	the	the	DET
afbr-76	333	6	study	study	NOUN
afbr-76	333	7	,	,	PUNCT
afbr-76	333	8	the	the	DET
afbr-76	333	9	following	follow	VERB
afbr-76	333	10	is	be	AUX
afbr-76	333	11	contributed	contribute	VERB
afbr-76	333	12	to	to	ADP
afbr-76	333	13	the	the	DET
afbr-76	333	14	existing	exist	VERB
afbr-76	333	15	body	body	NOUN
afbr-76	333	16	of	of	ADP
afbr-76	333	17	knowledge	knowledge	NOUN
afbr-76	333	18	in	in	ADP
afbr-76	333	19	finance	finance	NOUN
afbr-76	333	20	.	.	PUNCT
afbr-76	334	1	▪	▪	NOUN
afbr-76	334	2	the	the	DET
afbr-76	334	3	inflow	inflow	NOUN
afbr-76	334	4	of	of	ADP
afbr-76	334	5	foreign	foreign	ADJ
afbr-76	334	6	portfolio	portfolio	NOUN
afbr-76	334	7	investment	investment	NOUN
afbr-76	334	8	to	to	ADP
afbr-76	334	9	the	the	DET
afbr-76	334	10	nigerian	nigerian	ADJ
afbr-76	334	11	capital	capital	NOUN
afbr-76	334	12	market	market	NOUN
afbr-76	334	13	can	can	AUX
afbr-76	334	14	affect	affect	VERB
afbr-76	334	15	the	the	DET
afbr-76	334	16	growth	growth	NOUN
afbr-76	334	17	development	development	NOUN
afbr-76	334	18	and	and	CCONJ
afbr-76	334	19	enhance	enhance	VERB
afbr-76	334	20	the	the	DET
afbr-76	334	21	performance	performance	NOUN
afbr-76	334	22	of	of	ADP
afbr-76	334	23	the	the	DET
afbr-76	334	24	capital	capital	NOUN
afbr-76	334	25	market	market	NOUN
afbr-76	334	26	.	.	PUNCT
afbr-76	335	1	▪	▪	NOUN
afbr-76	335	2	the	the	DET
afbr-76	335	3	period	period	NOUN
afbr-76	335	4	covered	cover	VERB
afbr-76	335	5	in	in	ADP
afbr-76	335	6	the	the	DET
afbr-76	335	7	study	study	NOUN
afbr-76	335	8	captured	capture	VERB
afbr-76	335	9	the	the	DET
afbr-76	335	10	post	post	ADJ
afbr-76	335	11	structural	structural	ADJ
afbr-76	335	12	adjustment	adjustment	NOUN
afbr-76	335	13	programme	programme	NOUN
afbr-76	335	14	period	period	NOUN
afbr-76	335	15	and	and	CCONJ
afbr-76	335	16	various	various	ADJ
afbr-76	335	17	reforms	reform	NOUN
afbr-76	335	18	in	in	ADP
afbr-76	335	19	the	the	DET
afbr-76	335	20	nigeria	nigeria	PROPN
afbr-76	335	21	financial	financial	ADJ
afbr-76	335	22	system	system	NOUN
afbr-76	335	23	therefore	therefore	ADV
afbr-76	335	24	it	it	PRON
afbr-76	335	25	contribute	contribute	VERB
afbr-76	335	26	by	by	ADP
afbr-76	335	27	examining	examine	VERB
afbr-76	335	28	the	the	DET
afbr-76	335	29	relationship	relationship	NOUN
afbr-76	335	30	that	that	PRON
afbr-76	335	31	exist	exist	VERB
afbr-76	335	32	between	between	ADP
afbr-76	335	33	the	the	DET
afbr-76	335	34	period	period	NOUN
afbr-76	335	35	,	,	PUNCT
afbr-76	335	36	foreign	foreign	ADJ
afbr-76	335	37	portfolio	portfolio	NOUN
afbr-76	335	38	inflow	inflow	NOUN
afbr-76	335	39	and	and	CCONJ
afbr-76	335	40	the	the	DET
afbr-76	335	41	performance	performance	NOUN
afbr-76	335	42	of	of	ADP
afbr-76	335	43	capital	capital	NOUN
afbr-76	335	44	market	market	NOUN
afbr-76	335	45	.	.	PUNCT
afbr-76	336	1	▪	▪	NOUN
afbr-76	336	2	the	the	DET
afbr-76	336	3	use	use	NOUN
afbr-76	336	4	of	of	ADP
afbr-76	336	5	exchange	exchange	NOUN
afbr-76	336	6	rates	rate	NOUN
afbr-76	336	7	as	as	ADP
afbr-76	336	8	independent	independent	ADJ
afbr-76	336	9	variable	variable	NOUN
afbr-76	336	10	contribute	contribute	VERB
afbr-76	336	11	to	to	ADP
afbr-76	336	12	the	the	DET
afbr-76	336	13	knowledge	knowledge	NOUN
afbr-76	336	14	on	on	ADP
afbr-76	336	15	the	the	DET
afbr-76	336	16	effect	effect	NOUN
afbr-76	336	17	of	of	ADP
afbr-76	336	18	exchange	exchange	NOUN
afbr-76	336	19	rate	rate	NOUN
afbr-76	336	20	volatility	volatility	NOUN
afbr-76	336	21	such	such	ADJ
afbr-76	336	22	as	as	ADP
afbr-76	336	23	the	the	DET
afbr-76	336	24	depreciating	depreciate	VERB
afbr-76	336	25	naira	naira	PROPN
afbr-76	336	26	exchange	exchange	NOUN
afbr-76	336	27	rate	rate	NOUN
afbr-76	336	28	on	on	ADP
afbr-76	336	29	the	the	DET
afbr-76	336	30	performance	performance	NOUN
afbr-76	336	31	of	of	ADP
afbr-76	336	32	the	the	DET
afbr-76	336	33	capital	capital	NOUN
afbr-76	336	34	market	market	NOUN
afbr-76	336	35	references	reference	NOUN
afbr-76	336	36	agarwal	agarwal	PROPN
afbr-76	336	37	,	,	PUNCT
afbr-76	336	38	r.	r.	PROPN
afbr-76	336	39	n.	n.	PROPN
afbr-76	336	40	,	,	PUNCT
afbr-76	336	41	(	(	PUNCT
afbr-76	336	42	2006	2006	NUM
afbr-76	336	43	):	):	PUNCT
afbr-76	336	44	foreign	foreign	ADJ
afbr-76	336	45	portfolio	portfolio	NOUN
afbr-76	336	46	investment	investment	NOUN
afbr-76	336	47	in	in	ADP
afbr-76	336	48	some	some	PRON
afbr-76	336	49	is	be	AUX
afbr-76	336	50	developing	develop	VERB
afbr-76	336	51	countries	country	NOUN
afbr-76	336	52	:	:	PUNCT
afbr-76	336	53	a	a	DET
afbr-76	336	54	study	study	NOUN
afbr-76	336	55	of	of	ADP
afbr-76	336	56	determinants	determinant	NOUN
afbr-76	336	57	and	and	CCONJ
afbr-76	336	58	macroeconomic	macroeconomic	ADJ
afbr-76	336	59	impact	impact	NOUN
afbr-76	336	60	.	.	PUNCT
afbr-76	337	1	international	international	ADJ
afbr-76	337	2	journal	journal	PROPN
afbr-76	337	3	of	of	ADP
afbr-76	337	4	economics	economic	NOUN
afbr-76	337	5	and	and	CCONJ
afbr-76	337	6	finance	finance	NOUN
afbr-76	337	7	.	.	PUNCT
afbr-76	338	1	15(28	15(28	NUM
afbr-76	338	2	)	)	PUNCT
afbr-76	338	3	78	78	NUM
afbr-76	338	4	-	-	SYM
afbr-76	338	5	112	112	NUM
afbr-76	338	6	.	.	PUNCT
afbr-76	339	1	anayochukwu	anayochukwu	PROPN
afbr-76	339	2	,	,	PUNCT
afbr-76	339	3	o.	o.	PROPN
afbr-76	339	4	b.	b.	PROPN
afbr-76	339	5	,	,	PUNCT
afbr-76	339	6	(	(	PUNCT
afbr-76	339	7	2012	2012	NUM
afbr-76	339	8	)	)	PUNCT
afbr-76	339	9	.	.	PUNCT
afbr-76	340	1	the	the	DET
afbr-76	340	2	impact	impact	NOUN
afbr-76	340	3	of	of	ADP
afbr-76	340	4	stock	stock	NOUN
afbr-76	340	5	market	market	NOUN
afbr-76	340	6	returns	return	NOUN
afbr-76	340	7	on	on	ADP
afbr-76	340	8	foreign	foreign	ADJ
afbr-76	340	9	portfolio	portfolio	NOUN
afbr-76	340	10	investments	investment	NOUN
afbr-76	340	11	in	in	ADP
afbr-76	340	12	nigeria	nigeria	PROPN
afbr-76	340	13	.	.	PUNCT
afbr-76	341	1	journal	journal	PROPN
afbr-76	341	2	of	of	ADP
afbr-76	341	3	business	business	NOUN
afbr-76	341	4	and	and	CCONJ
afbr-76	341	5	management	management	NOUN
afbr-76	341	6	2	2	NUM
afbr-76	341	7	(	(	PUNCT
afbr-76	341	8	4	4	NUM
afbr-76	341	9	)	)	PUNCT
afbr-76	341	10	,	,	PUNCT
afbr-76	341	11	10	10	NUM
afbr-76	341	12	-	-	SYM
afbr-76	341	13	19	19	NUM
afbr-76	341	14	.	.	PUNCT
afbr-76	342	1	arestis	arestis	PROPN
afbr-76	342	2	,	,	PUNCT
afbr-76	342	3	p.	p.	NOUN
afbr-76	342	4	,	,	PUNCT
afbr-76	342	5	demetriades	demetriade	VERB
afbr-76	342	6	,	,	PUNCT
afbr-76	342	7	p.	p.	PROPN
afbr-76	342	8	o.	o.	PROPN
afbr-76	343	1	,&luintel	,&luintel	PROPN
afbr-76	343	2	,	,	PUNCT
afbr-76	343	3	k.b	k.b	PROPN
afbr-76	343	4	.	.	PROPN
afbr-76	343	5	,	,	PUNCT
afbr-76	343	6	(	(	PUNCT
afbr-76	343	7	2001	2001	NUM
afbr-76	343	8	)	)	PUNCT
afbr-76	343	9	.financial	.financial	VERB
afbr-76	343	10	development	development	NOUN
afbr-76	343	11	and	and	CCONJ
afbr-76	343	12	economic	economic	ADJ
afbr-76	343	13	growth	growth	NOUN
afbr-76	343	14	:	:	PUNCT
afbr-76	343	15	the	the	DET
afbr-76	343	16	role	role	NOUN
afbr-76	343	17	of	of	ADP
afbr-76	343	18	stock	stock	NOUN
afbr-76	343	19	markets.journal	markets.journal	PROPN
afbr-76	343	20	of	of	ADP
afbr-76	343	21	money	money	NOUN
afbr-76	343	22	,	,	PUNCT
afbr-76	343	23	credit	credit	NOUN
afbr-76	343	24	and	and	CCONJ
afbr-76	343	25	banking.33	banking.33	NOUN
afbr-76	343	26	(	(	PUNCT
afbr-76	343	27	2	2	NUM
afbr-76	343	28	)	)	PUNCT
afbr-76	343	29	,	,	PUNCT
afbr-76	343	30	16	16	NUM
afbr-76	343	31	-	-	SYM
afbr-76	343	32	41	41	NUM
afbr-76	343	33	.	.	PUNCT
afbr-76	344	1	atje	atje	PROPN
afbr-76	344	2	,	,	PUNCT
afbr-76	344	3	r.	r.	PROPN
afbr-76	344	4	,&jovanovic	,&jovanovic	PROPN
afbr-76	344	5	,	,	PUNCT
afbr-76	344	6	i.	i.	PROPN
afbr-76	344	7	,	,	PUNCT
afbr-76	344	8	(	(	PUNCT
afbr-76	344	9	1993	1993	NUM
afbr-76	344	10	)	)	PUNCT
afbr-76	344	11	.stock	.stock	ADP
afbr-76	344	12	market	market	NOUN
afbr-76	344	13	and	and	CCONJ
afbr-76	344	14	development.european	development.european	ADJ
afbr-76	344	15	economic	economic	ADJ
afbr-76	344	16	review.37	review.37	NOUN
afbr-76	344	17	,	,	PUNCT
afbr-76	344	18	632	632	NUM
afbr-76	344	19	-	-	SYM
afbr-76	344	20	640	640	NUM
afbr-76	344	21	.	.	PUNCT
afbr-76	345	1	bekaert	bekaert	NOUN
afbr-76	345	2	,	,	PUNCT
afbr-76	345	3	g.	g.	PROPN
afbr-76	345	4	,	,	PUNCT
afbr-76	345	5	&	&	CCONJ
afbr-76	345	6	harvey	harvey	PROPN
afbr-76	345	7	,	,	PUNCT
afbr-76	345	8	c.r	c.r	PROPN
afbr-76	345	9	.	.	PROPN
afbr-76	345	10	,	,	PUNCT
afbr-76	345	11	(	(	PUNCT
afbr-76	345	12	2003	2003	NUM
afbr-76	345	13	)	)	PUNCT
afbr-76	345	14	.	.	PUNCT
afbr-76	346	1	emerging	emerge	VERB
afbr-76	346	2	market	market	NOUN
afbr-76	346	3	finance.journal	finance.journal	NOUN
afbr-76	346	4	of	of	ADP
afbr-76	346	5	empirical	empirical	ADJ
afbr-76	346	6	finance.10,3	finance.10,3	NOUN
afbr-76	346	7	–	–	PUNCT
afbr-76	346	8	55	55	NUM
afbr-76	346	9	.	.	PUNCT
afbr-76	346	10	bollerslev	bollerslev	ADJ
afbr-76	346	11	,	,	PUNCT
afbr-76	346	12	t.	t.	PROPN
afbr-76	346	13	,(1986	,(1986	NUM
afbr-76	346	14	)	)	PUNCT
afbr-76	346	15	.	.	PUNCT
afbr-76	347	1	generalized	generalize	VERB
afbr-76	347	2	autoregressive	autoregressive	ADJ
afbr-76	347	3	conditional	conditional	ADJ
afbr-76	347	4	heteroscedasticity	heteroscedasticity	NOUN
afbr-76	347	5	.	.	PUNCT
afbr-76	347	6	journal	journal	PROPN
afbr-76	347	7	of	of	ADP
afbr-76	347	8	econometrics	econometric	NOUN
afbr-76	347	9	,	,	PUNCT
afbr-76	347	10	31	31	NUM
afbr-76	347	11	pp	pp	ADV
afbr-76	347	12	307	307	NUM
afbr-76	347	13	-	-	SYM
afbr-76	347	14	327	327	NUM
afbr-76	347	15	.	.	PUNCT
afbr-76	348	1	brennan	brennan	PROPN
afbr-76	348	2	,	,	PUNCT
afbr-76	348	3	m.	m.	NOUN
afbr-76	348	4	j.	j.	PROPN
afbr-76	348	5	,	,	PUNCT
afbr-76	348	6	&	&	CCONJ
afbr-76	348	7	xia	xia	PROPN
afbr-76	348	8	,	,	PUNCT
afbr-76	348	9	y.	y.	PROPN
afbr-76	348	10	,	,	PUNCT
afbr-76	348	11	(	(	PUNCT
afbr-76	348	12	2001	2001	NUM
afbr-76	348	13	)	)	PUNCT
afbr-76	348	14	.stock	.stock	ADP
afbr-76	348	15	price	price	NOUN
afbr-76	348	16	volatility	volatility	NOUN
afbr-76	348	17	and	and	CCONJ
afbr-76	348	18	equity	equity	NOUN
afbr-76	348	19	premium.journal	premium.journal	PROPN
afbr-76	348	20	of	of	ADP
afbr-76	348	21	monetary	monetary	ADJ
afbr-76	348	22	economics.47	economics.47	NOUN
afbr-76	348	23	,	,	PUNCT
afbr-76	348	24	249	249	NUM
afbr-76	348	25	–	–	SYM
afbr-76	348	26	283	283	NUM
afbr-76	348	27	.	.	PUNCT
afbr-76	349	1	brooks	brooks	PROPN
afbr-76	349	2	,	,	PUNCT
afbr-76	349	3	c.	c.	PROPN
afbr-76	349	4	,	,	PUNCT
afbr-76	349	5	&	&	CCONJ
afbr-76	349	6	burke	burke	PROPN
afbr-76	349	7	,	,	PUNCT
afbr-76	349	8	s.	s.	PROPN
afbr-76	349	9	p.	p.	PROPN
afbr-76	349	10	,	,	PUNCT
afbr-76	349	11	(	(	PUNCT
afbr-76	349	12	2003).information	2003).information	NOUN
afbr-76	349	13	criteria	criterion	NOUN
afbr-76	349	14	for	for	ADP
afbr-76	349	15	garch	garch	NOUN
afbr-76	349	16	model	model	NOUN
afbr-76	349	17	selection	selection	NOUN
afbr-76	349	18	:	:	PUNCT
afbr-76	349	19	an	an	DET
afbr-76	349	20	application	application	NOUN
afbr-76	349	21	to	to	ADP
afbr-76	349	22	high	high	ADJ
afbr-76	349	23	frequency	frequency	NOUN
afbr-76	349	24	data.european	data.european	ADJ
afbr-76	349	25	journal	journal	NOUN
afbr-76	349	26	of	of	ADP
afbr-76	349	27	finance.9	finance.9	PROPN
afbr-76	349	28	(	(	PUNCT
afbr-76	349	29	6	6	NUM
afbr-76	349	30	)	)	PUNCT
afbr-76	349	31	557	557	NUM
afbr-76	349	32	-	-	SYM
afbr-76	349	33	580	580	NUM
afbr-76	349	34	.	.	PUNCT
afbr-76	350	1	carlson	carlson	PROPN
afbr-76	350	2	,	,	PUNCT
afbr-76	350	3	m.	m.	NOUN
afbr-76	350	4	a.	a.	PROPN
afbr-76	350	5	,	,	PUNCT
afbr-76	350	6	&	&	CCONJ
afbr-76	350	7	hernandez	hernandez	PROPN
afbr-76	350	8	,	,	PUNCT
afbr-76	350	9	q.	q.	PROPN
afbr-76	350	10	,	,	PUNCT
afbr-76	350	11	(	(	PUNCT
afbr-76	350	12	2002	2002	NUM
afbr-76	350	13	)	)	PUNCT
afbr-76	350	14	.	.	PUNCT
afbr-76	351	1	determinants	determinant	NOUN
afbr-76	351	2	and	and	CCONJ
afbr-76	351	3	repercussion	repercussion	NOUN
afbr-76	351	4	of	of	ADP
afbr-76	351	5	the	the	DET
afbr-76	351	6	composition	composition	NOUN
afbr-76	351	7	of	of	ADP
afbr-76	351	8	capital	capital	NOUN
afbr-76	351	9	flows.imf	flows.imf	NOUN
afbr-76	351	10	working	work	VERB
afbr-76	351	11	paper	paper	NOUN
afbr-76	351	12	02186	02186	NUM
afbr-76	351	13	.	.	PUNCT
afbr-76	352	1	central	central	ADJ
afbr-76	352	2	bank	bank	PROPN
afbr-76	352	3	of	of	ADP
afbr-76	352	4	nigeria	nigeria	PROPN
afbr-76	352	5	(	(	PUNCT
afbr-76	352	6	2012).statistical	2012).statistical	NUM
afbr-76	352	7	bulletin	bulletin	NOUN
afbr-76	352	8	and	and	CCONJ
afbr-76	352	9	statement	statement	NOUN
afbr-76	352	10	of	of	ADP
afbr-76	352	11	accounts.various	accounts.various	ADJ
afbr-76	352	12	years	year	NOUN
afbr-76	352	13	.	.	PUNCT
afbr-76	353	1	chanda	chanda	PROPN
afbr-76	353	2	,	,	PUNCT
afbr-76	353	3	a.	a.	PROPN
afbr-76	353	4	,	,	PUNCT
afbr-76	353	5	(	(	PUNCT
afbr-76	353	6	2000	2000	NUM
afbr-76	353	7	)	)	PUNCT
afbr-76	353	8	.	.	PUNCT
afbr-76	354	1	the	the	DET
afbr-76	354	2	influence	influence	NOUN
afbr-76	354	3	of	of	ADP
afbr-76	354	4	capital	capital	NOUN
afbr-76	354	5	control	control	NOUN
afbr-76	354	6	on	on	ADP
afbr-76	354	7	long	long	ADJ
afbr-76	354	8	-	-	PUNCT
afbr-76	354	9	run	run	NOUN
afbr-76	354	10	growth	growth	NOUN
afbr-76	354	11	:	:	PUNCT
afbr-76	354	12	where	where	SCONJ
afbr-76	354	13	and	and	CCONJ
afbr-76	354	14	how	how	SCONJ
afbr-76	354	15	much	much	ADJ
afbr-76	354	16	?	?	PUNCT
afbr-76	355	1	working	work	VERB
afbr-76	355	2	paper	paper	NOUN
afbr-76	355	3	,	,	PUNCT
afbr-76	355	4	north	north	PROPN
afbr-76	355	5	caroline	caroline	PROPN
afbr-76	355	6	state	state	PROPN
afbr-76	355	7	university	university	PROPN
afbr-76	355	8	.	.	PUNCT
afbr-76	356	1	chandra	chandra	PROPN
afbr-76	356	2	,	,	PUNCT
afbr-76	356	3	p.	p.	PROPN
afbr-76	356	4	,	,	PUNCT
afbr-76	356	5	(	(	PUNCT
afbr-76	356	6	2006).investment	2006).investment	NUM
afbr-76	356	7	analysis	analysis	NOUN
afbr-76	356	8	and	and	CCONJ
afbr-76	356	9	portfolio	portfolio	NOUN
afbr-76	356	10	management.new	management.new	NOUN
afbr-76	356	11	delhi	delhi	PROPN
afbr-76	356	12	:	:	PUNCT
afbr-76	356	13	tata	tata	PROPN
afbr-76	356	14	mcgrawhill	mcgrawhill	PROPN
afbr-76	356	15	ltd	ltd	PROPN
afbr-76	356	16	,	,	PUNCT
afbr-76	356	17	2nd	2nd	ADJ
afbr-76	356	18	edition	edition	NOUN
afbr-76	356	19	.	.	PUNCT
afbr-76	357	1	chi	chi	ADJ
afbr-76	357	2	-	-	PUNCT
afbr-76	357	3	chi	chi	PROPN
afbr-76	357	4	,	,	PUNCT
afbr-76	357	5	o.a	o.a	PROPN
afbr-76	357	6	.,&eze	.,&eze	PROPN
afbr-76	357	7	,	,	PUNCT
afbr-76	357	8	a.	a.	PROPN
afbr-76	357	9	l.	l.	PROPN
afbr-76	357	10	,	,	PUNCT
afbr-76	357	11	(	(	PUNCT
afbr-76	357	12	2013	2013	NUM
afbr-76	357	13	)	)	PUNCT
afbr-76	357	14	.	.	PUNCT
afbr-76	358	1	impact	impact	NOUN
afbr-76	358	2	of	of	ADP
afbr-76	358	3	macroeconomic	macroeconomic	ADJ
afbr-76	358	4	indicators	indicator	NOUN
afbr-76	358	5	on	on	ADP
afbr-76	358	6	the	the	DET
afbr-76	358	7	performance	performance	NOUN
afbr-76	358	8	if	if	SCONJ
afbr-76	358	9	foreign	foreign	ADJ
afbr-76	358	10	portfolio	portfolio	NOUN
afbr-76	358	11	investment	investment	NOUN
afbr-76	358	12	in	in	ADP
afbr-76	358	13	nigeria.european	nigeria.european	ADJ
afbr-76	358	14	journal	journal	NOUN
afbr-76	358	15	of	of	ADP
afbr-76	358	16	business	business	NOUN
afbr-76	358	17	and	and	CCONJ
afbr-76	358	18	management	management	NOUN
afbr-76	358	19	.	.	PUNCT
afbr-76	359	1	5(2),345	5(2),345	NUM
afbr-76	359	2	-	-	SYM
afbr-76	359	3	367	367	NUM
afbr-76	359	4	.	.	PUNCT
afbr-76	360	1	choe	choe	PROPN
afbr-76	360	2	,	,	PUNCT
afbr-76	360	3	h.	h.	PROPN
afbr-76	360	4	,	,	PUNCT
afbr-76	360	5	&	&	CCONJ
afbr-76	360	6	stulz	stulz	ADJ
afbr-76	360	7	,	,	PUNCT
afbr-76	360	8	r.	r.	PROPN
afbr-76	360	9	,	,	PUNCT
afbr-76	360	10	(	(	PUNCT
afbr-76	360	11	1999	1999	NUM
afbr-76	360	12	)	)	PUNCT
afbr-76	360	13	.	.	PUNCT
afbr-76	361	1	do	do	AUX
afbr-76	361	2	foreign	foreign	ADJ
afbr-76	361	3	investors	investor	NOUN
afbr-76	361	4	destabilize	destabilize	VERB
afbr-76	361	5	stock	stock	NOUN
afbr-76	361	6	market	market	NOUN
afbr-76	361	7	?	?	PUNCT
afbr-76	362	1	the	the	DET
afbr-76	362	2	korean	korean	ADJ
afbr-76	362	3	experience	experience	NOUN
afbr-76	362	4	in	in	ADP
afbr-76	362	5	1997.journal	1997.journal	NUM
afbr-76	362	6	of	of	ADP
afbr-76	362	7	financial	financial	ADJ
afbr-76	362	8	economics	economic	NOUN
afbr-76	362	9	,	,	PUNCT
afbr-76	362	10	54(2	54(2	NUM
afbr-76	362	11	):	):	PUNCT
afbr-76	362	12	227	227	NUM
afbr-76	362	13	-	-	SYM
afbr-76	362	14	264	264	NUM
afbr-76	362	15	.	.	PUNCT
afbr-76	363	1	chukwuemeka	chukwuemeka	PROPN
afbr-76	363	2	,	,	PUNCT
afbr-76	363	3	e.	e.	PROPN
afbr-76	363	4	p.	p.	PROPN
afbr-76	363	5	,	,	PUNCT
afbr-76	363	6	(	(	PUNCT
afbr-76	363	7	2008	2008	NUM
afbr-76	363	8	)	)	PUNCT
afbr-76	363	9	.	.	PUNCT
afbr-76	364	1	modeling	model	VERB
afbr-76	364	2	the	the	DET
afbr-76	364	3	long	long	ADJ
afbr-76	364	4	run	run	NOUN
afbr-76	364	5	determinants	determinant	NOUN
afbr-76	364	6	of	of	ADP
afbr-76	364	7	foreign	foreign	ADJ
afbr-76	364	8	portfolio	portfolio	NOUN
afbr-76	364	9	investment	investment	NOUN
afbr-76	364	10	in	in	ADP
afbr-76	364	11	an	an	DET
afbr-76	364	12	emerging	emerge	VERB
afbr-76	364	13	market	market	NOUN
afbr-76	364	14	:	:	PUNCT
afbr-76	364	15	evidence	evidence	NOUN
afbr-76	364	16	from	from	ADP
afbr-76	364	17	nigeria.international	nigeria.international	ADJ
afbr-76	364	18	conference	conference	NOUN
afbr-76	364	19	on	on	ADP
afbr-76	364	20	applied	apply	VERB
afbr-76	364	21	economic	economic	ADJ
afbr-76	364	22	-	-	PUNCT
afbr-76	364	23	icoae	icoae	NOUN
afbr-76	364	24	.	.	PUNCT
afbr-76	365	1	dellas	dellas	PROPN
afbr-76	365	2	,	,	PUNCT
afbr-76	365	3	h.	h.	PROPN
afbr-76	365	4	,&martin	,&martin	PROPN
afbr-76	365	5	,	,	PUNCT
afbr-76	365	6	k.	k.	PROPN
afbr-76	365	7	,	,	PUNCT
afbr-76	365	8	(	(	PUNCT
afbr-76	365	9	2002	2002	NUM
afbr-76	365	10	)	)	PUNCT
afbr-76	365	11	.	.	PUNCT
afbr-76	366	1	financial	financial	ADJ
afbr-76	366	2	development	development	NOUN
afbr-76	366	3	and	and	CCONJ
afbr-76	366	4	sensitivity	sensitivity	NOUN
afbr-76	366	5	of	of	ADP
afbr-76	366	6	stock	stock	NOUN
afbr-76	366	7	markets	market	NOUN
afbr-76	366	8	external	external	ADJ
afbr-76	366	9	influence.review	influence.review	PROPN
afbr-76	366	10	of	of	ADP
afbr-76	366	11	international	international	ADJ
afbr-76	366	12	economics	economic	NOUN
afbr-76	366	13	.	.	PUNCT
afbr-76	367	1	10(3	10(3	NUM
afbr-76	367	2	)	)	PUNCT
afbr-76	367	3	,	,	PUNCT
afbr-76	367	4	525	525	NUM
afbr-76	367	5	-	-	SYM
afbr-76	367	6	538	538	NUM
afbr-76	367	7	.	.	PUNCT
afbr-76	368	1	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	PROPN
afbr-76	368	2	australian	australian	ADJ
afbr-76	368	3	finance	finance	PROPN
afbr-76	368	4	&	&	CCONJ
afbr-76	368	5	banking	banking	PROPN
afbr-76	368	6	review	review	PROPN
afbr-76	368	7	vol	vol	NOUN
afbr-76	368	8	.	.	PROPN
afbr-76	369	1	2	2	NUM
afbr-76	369	2	,	,	PUNCT
afbr-76	369	3	no	no	INTJ
afbr-76	369	4	.	.	NOUN
afbr-76	369	5	1	1	NUM
afbr-76	369	6	;	;	PUNCT
afbr-76	369	7	2018	2018	NUM
afbr-76	369	8	24	24	NUM
afbr-76	369	9	dimirguc	dimirguc	NOUN
afbr-76	369	10	-	-	PUNCT
afbr-76	369	11	kunt	kunt	PROPN
afbr-76	369	12	,	,	PUNCT
afbr-76	369	13	a.	a.	PROPN
afbr-76	369	14	,	,	PUNCT
afbr-76	369	15	&	&	CCONJ
afbr-76	369	16	levine	levine	PROPN
afbr-76	369	17	,	,	PUNCT
afbr-76	369	18	r.	r.	PROPN
afbr-76	369	19	,	,	PUNCT
afbr-76	369	20	(	(	PUNCT
afbr-76	369	21	1996).stock	1996).stock	NUM
afbr-76	369	22	market	market	NOUN
afbr-76	369	23	development	development	NOUN
afbr-76	369	24	and	and	CCONJ
afbr-76	369	25	financial	financial	ADJ
afbr-76	369	26	intermediaries	intermediary	NOUN
afbr-76	369	27	:	:	PUNCT
afbr-76	369	28	stylized	stylize	VERB
afbr-76	369	29	facts.the	facts.the	DET
afbr-76	369	30	world	world	PROPN
afbr-76	369	31	bank	bank	PROPN
afbr-76	369	32	economic	economic	ADJ
afbr-76	369	33	review.10	review.10	NOUN
afbr-76	369	34	(	(	PUNCT
afbr-76	369	35	2	2	NUM
afbr-76	369	36	)	)	PUNCT
afbr-76	369	37	241	241	NUM
afbr-76	369	38	-	-	SYM
afbr-76	369	39	265	265	NUM
afbr-76	369	40	.	.	PUNCT
afbr-76	370	1	donwa	donwa	PROPN
afbr-76	370	2	,	,	PUNCT
afbr-76	370	3	p.	p.	PROPN
afbr-76	370	4	,&odia	,&odia	PROPN
afbr-76	370	5	,	,	PUNCT
afbr-76	370	6	j.	j.	PROPN
afbr-76	370	7	,	,	PUNCT
afbr-76	370	8	(	(	PUNCT
afbr-76	370	9	2010	2010	NUM
afbr-76	370	10	)	)	PUNCT
afbr-76	370	11	.an	.an	PUNCT
afbr-76	371	1	empirical	empirical	ADJ
afbr-76	371	2	analysis	analysis	NOUN
afbr-76	371	3	of	of	ADP
afbr-76	371	4	the	the	DET
afbr-76	371	5	impact	impact	NOUN
afbr-76	371	6	of	of	ADP
afbr-76	371	7	the	the	DET
afbr-76	371	8	nigerian	nigerian	ADJ
afbr-76	371	9	capital	capital	NOUN
afbr-76	371	10	market	market	NOUN
afbr-76	371	11	on	on	ADP
afbr-76	371	12	her	her	PRON
afbr-76	371	13	socio	socio	NOUN
afbr-76	371	14	-	-	PUNCT
afbr-76	371	15	economic	economic	ADJ
afbr-76	371	16	development.journal	development.journal	PROPN
afbr-76	371	17	of	of	ADP
afbr-76	371	18	social	social	ADJ
afbr-76	371	19	sciences.24	sciences.24	NOUN
afbr-76	371	20	(	(	PUNCT
afbr-76	371	21	2	2	NUM
afbr-76	371	22	)	)	PUNCT
afbr-76	371	23	,	,	PUNCT
afbr-76	371	24	135	135	NUM
afbr-76	371	25	-	-	SYM
afbr-76	371	26	142	142	NUM
afbr-76	371	27	ekineh	ekineh	NOUN
afbr-76	371	28	,	,	PUNCT
afbr-76	371	29	d.	d.	PROPN
afbr-76	371	30	,	,	PUNCT
afbr-76	371	31	(	(	PUNCT
afbr-76	371	32	2003	2003	NUM
afbr-76	371	33	)	)	PUNCT
afbr-76	371	34	.	.	PUNCT
afbr-76	372	1	deepening	deepen	VERB
afbr-76	372	2	the	the	DET
afbr-76	372	3	nigerian	nigerian	ADJ
afbr-76	372	4	capital	capital	NOUN
afbr-76	372	5	market	market	NOUN
afbr-76	372	6	:	:	PUNCT
afbr-76	372	7	regulatory	regulatory	ADJ
afbr-76	372	8	,	,	PUNCT
afbr-76	372	9	supervisory	supervisory	ADJ
afbr-76	372	10	and	and	CCONJ
afbr-76	372	11	operational	operational	ADJ
afbr-76	372	12	imperative	imperative	NOUN
afbr-76	372	13	in	in	ADP
afbr-76	372	14	a	a	DET
afbr-76	372	15	global	global	ADJ
afbr-76	372	16	financial	financial	ADJ
afbr-76	372	17	environment	environment	NOUN
afbr-76	372	18	.	.	PUNCT
afbr-76	373	1	abuja	abuja	PROPN
afbr-76	373	2	:	:	PUNCT
afbr-76	373	3	security	security	NOUN
afbr-76	373	4	and	and	CCONJ
afbr-76	373	5	exchange	exchange	PROPN
afbr-76	373	6	commission	commission	PROPN
afbr-76	373	7	.	.	PUNCT
afbr-76	374	1	errunza	errunza	ADJ
afbr-76	374	2	,	,	PUNCT
afbr-76	374	3	v.	v.	ADV
afbr-76	374	4	,	,	PUNCT
afbr-76	374	5	(	(	PUNCT
afbr-76	374	6	2005).foreign	2005).foreign	NUM
afbr-76	374	7	portfolio	portfolio	NOUN
afbr-76	374	8	equity	equity	NOUN
afbr-76	374	9	investments	investment	NOUN
afbr-76	374	10	,	,	PUNCT
afbr-76	374	11	financial	financial	ADJ
afbr-76	374	12	liberalization	liberalization	NOUN
afbr-76	374	13	,	,	PUNCT
afbr-76	374	14	and	and	CCONJ
afbr-76	374	15	economic	economic	ADJ
afbr-76	374	16	development.faculty	development.faculty	NUM
afbr-76	374	17	of	of	ADP
afbr-76	374	18	management	management	NOUN
afbr-76	374	19	,	,	PUNCT
afbr-76	374	20	mcgill	mcgill	PROPN
afbr-76	374	21	university	university	PROPN
afbr-76	374	22	,	,	PUNCT
afbr-76	374	23	montreal	montreal	PROPN
afbr-76	374	24	,	,	PUNCT
afbr-76	374	25	canada	canada	PROPN
afbr-76	374	26	eskandar	eskandar	PROPN
afbr-76	374	27	,	,	PUNCT
afbr-76	374	28	t.	t.	PROPN
afbr-76	374	29	,	,	PUNCT
afbr-76	374	30	(	(	PUNCT
afbr-76	374	31	2005	2005	NUM
afbr-76	374	32	)	)	PUNCT
afbr-76	374	33	.modeling	.modeling	PUNCT
afbr-76	374	34	and	and	CCONJ
afbr-76	374	35	forecasting	forecast	VERB
afbr-76	374	36	egyptian	egyptian	ADJ
afbr-76	374	37	stock	stock	NOUN
afbr-76	374	38	market	market	NOUN
afbr-76	374	39	volatility	volatility	NOUN
afbr-76	374	40	before	before	ADP
afbr-76	374	41	and	and	CCONJ
afbr-76	374	42	after	after	ADP
afbr-76	374	43	price	price	NOUN
afbr-76	374	44	limits.the	limits.the	PRON
afbr-76	374	45	economic	economic	ADJ
afbr-76	374	46	research	research	PROPN
afbr-76	374	47	forum	forum	PROPN
afbr-76	374	48	working	working	PROPN
afbr-76	374	49	paper	paper	NOUN
afbr-76	374	50	.	.	PUNCT
afbr-76	375	1	ezirim	ezirim	PROPN
afbr-76	375	2	,	,	PUNCT
afbr-76	375	3	b.c	b.c	PROPN
afbr-76	375	4	.	.	PROPN
afbr-76	375	5	,	,	PUNCT
afbr-76	375	6	(	(	PUNCT
afbr-76	375	7	2005).finance	2005).finance	NUM
afbr-76	375	8	dynamics	dynamic	NOUN
afbr-76	375	9	principles	principle	NOUN
afbr-76	375	10	,	,	PUNCT
afbr-76	375	11	techniques	technique	NOUN
afbr-76	375	12	&	&	CCONJ
afbr-76	375	13	applications	application	NOUN
afbr-76	375	14	.	.	PUNCT
afbr-76	376	1	markowitz	markowitz	PROPN
afbr-76	376	2	centre	centre	PROPN
afbr-76	376	3	for	for	ADP
afbr-76	376	4	research	research	PROPN
afbr-76	376	5	&	&	CCONJ
afbr-76	376	6	development	development	PROPN
afbr-76	376	7	port	port	PROPN
afbr-76	376	8	harcourt	harcourt	PROPN
afbr-76	376	9	.	.	PUNCT
afbr-76	377	1	frimpong	frimpong	PROPN
afbr-76	377	2	,	,	PUNCT
afbr-76	377	3	j.	j.	PROPN
afbr-76	377	4	m.	m.	PROPN
afbr-76	377	5	,&oteng	,&oteng	PROPN
afbr-76	377	6	-	-	PUNCT
afbr-76	377	7	abayie	abayie	PROPN
afbr-76	377	8	,	,	PUNCT
afbr-76	377	9	e.	e.	PROPN
afbr-76	377	10	f.	f.	PROPN
afbr-76	377	11	,	,	PUNCT
afbr-76	377	12	(	(	PUNCT
afbr-76	377	13	2006).modeling	2006).modele	VERB
afbr-76	377	14	and	and	CCONJ
afbr-76	377	15	forecasting	forecast	VERB
afbr-76	377	16	volatility	volatility	NOUN
afbr-76	377	17	of	of	ADP
afbr-76	377	18	returns	return	NOUN
afbr-76	377	19	on	on	ADP
afbr-76	377	20	the	the	DET
afbr-76	377	21	ghana	ghana	PROPN
afbr-76	377	22	stock	stock	PROPN
afbr-76	377	23	exchange	exchange	PROPN
afbr-76	377	24	using	use	VERB
afbr-76	377	25	garch	garch	NOUN
afbr-76	377	26	models	model	NOUN
afbr-76	377	27	.	.	PUNCT
afbr-76	378	1	america	america	PROPN
afbr-76	378	2	journal	journal	PROPN
afbr-76	378	3	of	of	ADP
afbr-76	378	4	applied	apply	VERB
afbr-76	378	5	sciences.3	sciences.3	NOUN
afbr-76	378	6	(	(	PUNCT
afbr-76	378	7	10	10	NUM
afbr-76	378	8	)	)	PUNCT
afbr-76	378	9	,	,	PUNCT
afbr-76	378	10	2042	2042	NUM
afbr-76	378	11	2048	2048	NUM
afbr-76	378	12	.	.	PUNCT
afbr-76	379	1	gould	gould	PROPN
afbr-76	379	2	,	,	PUNCT
afbr-76	379	3	d.	d.	PROPN
afbr-76	379	4	et	et	PROPN
afbr-76	379	5	al	al	PROPN
afbr-76	379	6	.	.	PROPN
afbr-76	379	7	(	(	PUNCT
afbr-76	379	8	1993	1993	NUM
afbr-76	379	9	)	)	PUNCT
afbr-76	379	10	.	.	PUNCT
afbr-76	380	1	the	the	DET
afbr-76	380	2	theory	theory	NOUN
afbr-76	380	3	and	and	CCONJ
afbr-76	380	4	practice	practice	NOUN
afbr-76	380	5	of	of	ADP
afbr-76	380	6	free	free	ADJ
afbr-76	380	7	trade.federal	trade.federal	PROPN
afbr-76	380	8	reserve	reserve	NOUN
afbr-76	380	9	book	book	NOUN
afbr-76	380	10	of	of	ADP
afbr-76	380	11	dollar	dollar	NOUN
afbr-76	380	12	economic	economic	ADJ
afbr-76	380	13	review	review	NOUN
afbr-76	380	14	,	,	PUNCT
afbr-76	380	15	fourth	fourth	ADJ
afbr-76	380	16	quarter	quarter	NOUN
afbr-76	380	17	:	:	PUNCT
afbr-76	380	18	3	3	NUM
afbr-76	380	19	-	-	SYM
afbr-76	380	20	15	15	NUM
afbr-76	380	21	.	.	PUNCT
afbr-76	381	1	henry	henry	PROPN
afbr-76	381	2	,	,	PUNCT
afbr-76	381	3	p.b	p.b	PROPN
afbr-76	381	4	.	.	PROPN
afbr-76	381	5	,	,	PUNCT
afbr-76	381	6	(	(	PUNCT
afbr-76	381	7	2000	2000	NUM
afbr-76	381	8	)	)	PUNCT
afbr-76	381	9	.	.	PUNCT
afbr-76	382	1	stock	stock	NOUN
afbr-76	382	2	market	market	NOUN
afbr-76	382	3	liberalization	liberalization	NOUN
afbr-76	382	4	economics	economic	NOUN
afbr-76	382	5	reform	reform	NOUN
afbr-76	382	6	and	and	CCONJ
afbr-76	382	7	emerging	emerge	VERB
afbr-76	382	8	market	market	NOUN
afbr-76	382	9	equity	equity	NOUN
afbr-76	382	10	prices.journal	prices.journal	NOUN
afbr-76	382	11	of	of	ADP
afbr-76	382	12	finance	finance	NOUN
afbr-76	382	13	55	55	NUM
afbr-76	382	14	,	,	PUNCT
afbr-76	382	15	529	529	NUM
afbr-76	382	16	-	-	SYM
afbr-76	382	17	564	564	NUM
afbr-76	382	18	.	.	PUNCT
afbr-76	383	1	hongyu	hongyu	NOUN
afbr-76	383	2	,	,	PUNCT
afbr-76	383	3	p.	p.	NOUN
afbr-76	383	4	,&zhichao	,&zhichao	PROPN
afbr-76	383	5	,	,	PUNCT
afbr-76	383	6	z.	z.	PROPN
afbr-76	383	7	,	,	PUNCT
afbr-76	383	8	(	(	PUNCT
afbr-76	383	9	2006).forecasting	2006).forecaste	VERB
afbr-76	383	10	financial	financial	ADJ
afbr-76	383	11	volatility	volatility	NOUN
afbr-76	383	12	:	:	PUNCT
afbr-76	383	13	evidence	evidence	NOUN
afbr-76	383	14	from	from	ADP
afbr-76	383	15	chinese	chinese	ADJ
afbr-76	383	16	stock	stock	NOUN
afbr-76	383	17	market.working	market.working	NOUN
afbr-76	383	18	paper	paper	NOUN
afbr-76	383	19	in	in	ADP
afbr-76	383	20	economics	economic	NOUN
afbr-76	383	21	and	and	CCONJ
afbr-76	383	22	finance	finance	NOUN
afbr-76	383	23	,	,	PUNCT
afbr-76	383	24	no.06/02	no.06/02	PROPN
afbr-76	383	25	,	,	PUNCT
afbr-76	383	26	university	university	NOUN
afbr-76	383	27	of	of	ADP
afbr-76	383	28	durham	durham	PROPN
afbr-76	383	29	.	.	PUNCT
afbr-76	384	1	international	international	ADJ
afbr-76	384	2	monetary	monetary	ADJ
afbr-76	384	3	fund	fund	NOUN
afbr-76	384	4	(	(	PUNCT
afbr-76	384	5	imf	imf	PROPN
afbr-76	384	6	)	)	PUNCT
afbr-76	384	7	(	(	PUNCT
afbr-76	384	8	1985).foreign	1985).foreign	NUM
afbr-76	384	9	private	private	ADJ
afbr-76	384	10	investment	investment	NOUN
afbr-76	384	11	in	in	ADP
afbr-76	384	12	developing	develop	VERB
afbr-76	384	13	countries.international	countries.international	ADJ
afbr-76	384	14	monetary	monetary	ADJ
afbr-76	384	15	fund	fund	NOUN
afbr-76	384	16	,	,	PUNCT
afbr-76	384	17	washington	washington	PROPN
afbr-76	384	18	d.c	d.c	PROPN
afbr-76	384	19	.	.	PUNCT
afbr-76	384	20	kahneman	kahneman	PROPN
afbr-76	384	21	,	,	PUNCT
afbr-76	384	22	d	d	X
afbr-76	384	23	;	;	PUNCT
afbr-76	384	24	and	and	CCONJ
afbr-76	384	25	tversky	tversky	NOUN
afbr-76	384	26	,	,	PUNCT
afbr-76	384	27	a.	a.	NOUN
afbr-76	384	28	(	(	PUNCT
afbr-76	384	29	1986).choices	1986).choices	NUM
afbr-76	384	30	,	,	PUNCT
afbr-76	384	31	values	value	NOUN
afbr-76	384	32	and	and	CCONJ
afbr-76	384	33	frames.american	frames.american	ADJ
afbr-76	384	34	psychologist	psychologist	NOUN
afbr-76	384	35	.	.	PUNCT
afbr-76	385	1	6	6	NUM
afbr-76	385	2	,	,	PUNCT
afbr-76	385	3	341	341	NUM
afbr-76	385	4	-	-	SYM
afbr-76	385	5	350	350	NUM
afbr-76	385	6	.	.	PUNCT
afbr-76	386	1	karimo	karimo	PROPN
afbr-76	386	2	,	,	PUNCT
afbr-76	386	3	t.m	t.m	PROPN
afbr-76	386	4	.	.	PROPN
afbr-76	386	5	,	,	PUNCT
afbr-76	386	6	&	&	CCONJ
afbr-76	386	7	tobi	tobi	PROPN
afbr-76	386	8	,	,	PUNCT
afbr-76	386	9	d.b	d.b	PROPN
afbr-76	386	10	.	.	PROPN
afbr-76	386	11	,	,	PUNCT
afbr-76	386	12	(	(	PUNCT
afbr-76	386	13	2013	2013	NUM
afbr-76	386	14	)	)	PUNCT
afbr-76	386	15	.	.	PUNCT
afbr-76	387	1	macroeconomic	macroeconomic	ADJ
afbr-76	387	2	uncertainty	uncertainty	NOUN
afbr-76	387	3	and	and	CCONJ
afbr-76	387	4	foreign	foreign	ADJ
afbr-76	387	5	portfolio	portfolio	NOUN
afbr-76	387	6	investment	investment	NOUN
afbr-76	387	7	volatility	volatility	NOUN
afbr-76	387	8	:	:	PUNCT
afbr-76	387	9	evidence	evidence	NOUN
afbr-76	387	10	from	from	ADP
afbr-76	387	11	nigeria	nigeria	PROPN
afbr-76	387	12	.	.	PUNCT
afbr-76	388	1	www.iiste.org	www.iiste.org	PROPN
afbr-76	388	2	3	3	NUM
afbr-76	388	3	(	(	PUNCT
afbr-76	388	4	12	12	NUM
afbr-76	388	5	)	)	PUNCT
afbr-76	388	6	.	.	PUNCT
afbr-76	389	1	kassimatis	kassimatis	PROPN
afbr-76	389	2	,	,	PUNCT
afbr-76	389	3	k.	k.	PROPN
afbr-76	389	4	,	,	PUNCT
afbr-76	389	5	(	(	PUNCT
afbr-76	389	6	2002).financial	2002).financial	ADJ
afbr-76	389	7	liberalization	liberalization	NOUN
afbr-76	389	8	and	and	CCONJ
afbr-76	389	9	stock	stock	NOUN
afbr-76	389	10	market	market	NOUN
afbr-76	389	11	volatility	volatility	NOUN
afbr-76	389	12	in	in	ADP
afbr-76	389	13	selected	select	VERB
afbr-76	389	14	developing	develop	VERB
afbr-76	389	15	countries.applied	countries.applie	VERB
afbr-76	389	16	financial	financial	ADJ
afbr-76	389	17	economics.12,389	economics.12,389	NOUN
afbr-76	389	18	–	–	PUNCT
afbr-76	389	19	395	395	NUM
afbr-76	389	20	.	.	PUNCT
afbr-76	390	1	kim	kim	PROPN
afbr-76	390	2	,	,	PUNCT
afbr-76	390	3	e.h	e.h	PROPN
afbr-76	390	4	.	.	PROPN
afbr-76	390	5	,	,	PUNCT
afbr-76	390	6	&	&	CCONJ
afbr-76	390	7	singal	singal	PROPN
afbr-76	390	8	,	,	PUNCT
afbr-76	390	9	v.	v.	ADV
afbr-76	390	10	,	,	PUNCT
afbr-76	390	11	(	(	PUNCT
afbr-76	390	12	2000	2000	NUM
afbr-76	390	13	)	)	PUNCT
afbr-76	390	14	.	.	PUNCT
afbr-76	391	1	stock	stock	NOUN
afbr-76	391	2	market	market	NOUN
afbr-76	391	3	openings	opening	NOUN
afbr-76	391	4	:	:	PUNCT
afbr-76	391	5	experiences	experience	NOUN
afbr-76	391	6	of	of	ADP
afbr-76	391	7	emerging	emerge	VERB
afbr-76	391	8	economies.journal	economies.journal	PROPN
afbr-76	391	9	of	of	ADP
afbr-76	391	10	business	business	NOUN
afbr-76	391	11	73	73	NUM
afbr-76	391	12	,	,	PUNCT
afbr-76	391	13	25	25	NUM
afbr-76	391	14	-	-	SYM
afbr-76	391	15	66	66	NUM
afbr-76	391	16	.	.	PUNCT
afbr-76	392	1	knill	knill	NOUN
afbr-76	392	2	,	,	PUNCT
afbr-76	392	3	a.	a.	NOUN
afbr-76	392	4	m.	m.	NOUN
afbr-76	392	5	,(2005	,(2005	PROPN
afbr-76	392	6	)	)	PUNCT
afbr-76	392	7	.	.	PUNCT
afbr-76	393	1	can	can	AUX
afbr-76	393	2	foreign	foreign	ADJ
afbr-76	393	3	portfolio	portfolio	NOUN
afbr-76	393	4	investment	investment	NOUN
afbr-76	393	5	bridge	bridge	NOUN
afbr-76	393	6	the	the	DET
afbr-76	393	7	small	small	ADJ
afbr-76	393	8	firm	firm	ADJ
afbr-76	393	9	financing	financing	NOUN
afbr-76	393	10	gap	gap	NOUN
afbr-76	393	11	around	around	ADP
afbr-76	393	12	the	the	DET
afbr-76	393	13	world	world	NOUN
afbr-76	393	14	?	?	PUNCT
afbr-76	394	1	world	world	PROPN
afbr-76	394	2	bank	bank	PROPN
afbr-76	394	3	policy.research	policy.research	PROPN
afbr-76	394	4	working	working	NOUN
afbr-76	394	5	paper	paper	NOUN
afbr-76	394	6	3796	3796	NUM
afbr-76	394	7	,	,	PUNCT
afbr-76	394	8	the	the	DET
afbr-76	394	9	world	world	PROPN
afbr-76	394	10	bank	bank	PROPN
afbr-76	394	11	group	group	PROPN
afbr-76	394	12	washington	washington	PROPN
afbr-76	394	13	,	,	PUNCT
afbr-76	394	14	dc	dc	PROPN
afbr-76	394	15	20433	20433	NUM
afbr-76	394	16	kulwant	kulwant	NOUN
afbr-76	394	17	,	,	PUNCT
afbr-76	394	18	r.	r.	PROPN
afbr-76	394	19	,&bhanumurthy	,&bhanumurthy	PROPN
afbr-76	394	20	,	,	PUNCT
afbr-76	394	21	n.	n.	PROPN
afbr-76	394	22	r.	r.	PROPN
afbr-76	394	23	,	,	PUNCT
afbr-76	394	24	(	(	PUNCT
afbr-76	394	25	2007	2007	NUM
afbr-76	394	26	)	)	PUNCT
afbr-76	394	27	.	.	PUNCT
afbr-76	395	1	determinants	determinant	NOUN
afbr-76	395	2	of	of	ADP
afbr-76	395	3	foreign	foreign	ADJ
afbr-76	395	4	institutional	institutional	ADJ
afbr-76	395	5	investment	investment	NOUN
afbr-76	395	6	in	in	ADP
afbr-76	395	7	india	india	PROPN
afbr-76	395	8	:	:	PUNCT
afbr-76	395	9	the	the	DET
afbr-76	395	10	role	role	NOUN
afbr-76	395	11	of	of	ADP
afbr-76	395	12	return	return	NOUN
afbr-76	395	13	,	,	PUNCT
afbr-76	395	14	risk	risk	NOUN
afbr-76	395	15	and	and	CCONJ
afbr-76	395	16	inflation	inflation	NOUN
afbr-76	395	17	.	.	PUNCT
afbr-76	396	1	development	development	NOUN
afbr-76	396	2	planning	planning	NOUN
afbr-76	396	3	centre	centre	PROPN
afbr-76	396	4	,	,	PUNCT
afbr-76	396	5	institute	institute	NOUN
afbr-76	396	6	of	of	ADP
afbr-76	396	7	economic	economic	ADJ
afbr-76	396	8	growth	growth	PROPN
afbr-76	396	9	delhi	delhi	PROPN
afbr-76	396	10	university	university	PROPN
afbr-76	396	11	enclave	enclave	NOUN
afbr-76	396	12	,	,	PUNCT
afbr-76	396	13	delhi	delhi	ADJ
afbr-76	396	14	–	–	PUNCT
afbr-76	396	15	110	110	NUM
afbr-76	396	16	007	007	NUM
afbr-76	396	17	,	,	PUNCT
afbr-76	396	18	india	india	PROPN
afbr-76	396	19	.	.	PUNCT
afbr-76	396	20	lebragacio	lebragacio	PROPN
afbr-76	396	21	,	,	PUNCT
afbr-76	396	22	r.	r.	PROPN
afbr-76	396	23	,(2010	,(2010	PUNCT
afbr-76	396	24	)	)	PUNCT
afbr-76	396	25	.	.	PUNCT
afbr-76	397	1	components	component	NOUN
afbr-76	397	2	of	of	ADP
afbr-76	397	3	foreign	foreign	ADJ
afbr-76	397	4	capital	capital	NOUN
afbr-76	397	5	flows	flow	NOUN
afbr-76	397	6	and	and	CCONJ
afbr-76	397	7	economic	economic	ADJ
afbr-76	397	8	progression	progression	NOUN
afbr-76	397	9	:	:	PUNCT
afbr-76	397	10	panel	panel	NOUN
afbr-76	397	11	data	datum	NOUN
afbr-76	397	12	evidence	evidence	NOUN
afbr-76	397	13	from	from	ADP
afbr-76	397	14	mena	mena	PROPN
afbr-76	397	15	countries	countries	PROPN
afbr-76	397	16	.	.	PUNCT
afbr-76	398	1	act	act	PROPN
afbr-76	398	2	mimeograph	mimeograph	PROPN
afbr-76	398	3	.	.	PUNCT
afbr-76	399	1	lee	lee	PROPN
afbr-76	399	2	,	,	PUNCT
afbr-76	399	3	c.	c.	PROPN
afbr-76	399	4	h.	h.	PROPN
afbr-76	399	5	,	,	PUNCT
afbr-76	399	6	(	(	PUNCT
afbr-76	399	7	2007	2007	NUM
afbr-76	399	8	)	)	PUNCT
afbr-76	399	9	.	.	PUNCT
afbr-76	400	1	a	a	DET
afbr-76	400	2	survey	survey	NOUN
afbr-76	400	3	of	of	ADP
afbr-76	400	4	the	the	DET
afbr-76	400	5	literature	literature	NOUN
afbr-76	400	6	on	on	ADP
afbr-76	400	7	the	the	DET
afbr-76	400	8	determinants	determinant	NOUN
afbr-76	400	9	of	of	ADP
afbr-76	400	10	foreign	foreign	ADJ
afbr-76	400	11	portfolio	portfolio	NOUN
afbr-76	400	12	investments	investment	NOUN
afbr-76	400	13	in	in	ADP
afbr-76	400	14	the	the	DET
afbr-76	400	15	united	united	ADJ
afbr-76	400	16	states.journal	states.journal	PROPN
afbr-76	400	17	review	review	NOUN
afbr-76	400	18	of	of	ADP
afbr-76	400	19	world	world	NOUN
afbr-76	400	20	economics	economic	NOUN
afbr-76	400	21	springer	springer	NOUN
afbr-76	400	22	berlin	berlin	PROPN
afbr-76	400	23	43(113	43(113	PROPN
afbr-76	400	24	)	)	PUNCT
afbr-76	400	25	233	233	NUM
afbr-76	400	26	-	-	SYM
afbr-76	400	27	278	278	NUM
afbr-76	400	28	..	..	PUNCT
afbr-76	400	29	lucas	lucas	PROPN
afbr-76	400	30	,	,	PUNCT
afbr-76	400	31	e.r	e.r	PROPN
afbr-76	400	32	.	.	PROPN
afbr-76	400	33	,	,	PUNCT
afbr-76	400	34	(	(	PUNCT
afbr-76	400	35	1981	1981	NUM
afbr-76	400	36	)	)	PUNCT
afbr-76	400	37	studies	study	NOUN
afbr-76	400	38	in	in	ADP
afbr-76	400	39	business	business	NOUN
afbr-76	400	40	-	-	PUNCT
afbr-76	400	41	cycle	cycle	NOUN
afbr-76	400	42	theory	theory	NOUN
afbr-76	400	43	.	.	PUNCT
afbr-76	401	1	cambridge	cambridge	PROPN
afbr-76	401	2	mass	mass	PROPN
afbr-76	401	3	:	:	PUNCT
afbr-76	401	4	mit	mit	PROPN
afbr-76	401	5	press	press	NOUN
afbr-76	401	6	.	.	PUNCT
afbr-76	402	1	mala	mala	PROPN
afbr-76	402	2	,	,	PUNCT
afbr-76	402	3	r.	r.	PROPN
afbr-76	402	4	,&reddy	,&reddy	PUNCT
afbr-76	402	5	,	,	PUNCT
afbr-76	402	6	m.	m.	NOUN
afbr-76	402	7	,	,	PUNCT
afbr-76	402	8	(	(	PUNCT
afbr-76	402	9	2007).measuring	2007).measure	VERB
afbr-76	402	10	stock	stock	NOUN
afbr-76	402	11	market	market	NOUN
afbr-76	402	12	volatility	volatility	NOUN
afbr-76	402	13	in	in	ADP
afbr-76	402	14	an	an	DET
afbr-76	402	15	emerging	emerge	VERB
afbr-76	402	16	economy.international	economy.international	ADJ
afbr-76	402	17	research	research	NOUN
afbr-76	402	18	journal	journal	NOUN
afbr-76	402	19	of	of	ADP
afbr-76	402	20	finance	finance	NOUN
afbr-76	402	21	and	and	CCONJ
afbr-76	402	22	economics	economic	NOUN
afbr-76	402	23	,	,	PUNCT
afbr-76	402	24	8	8	NUM
afbr-76	402	25	,	,	PUNCT
afbr-76	402	26	126	126	NUM
afbr-76	402	27	-	-	SYM
afbr-76	402	28	133	133	NUM
afbr-76	402	29	.	.	PUNCT
afbr-76	403	1	moreno	moreno	PROPN
afbr-76	403	2	,	,	PUNCT
afbr-76	403	3	r.	r.	PROPN
afbr-76	403	4	(	(	PUNCT
afbr-76	403	5	1993	1993	NUM
afbr-76	403	6	)	)	PUNCT
afbr-76	403	7	.	.	PUNCT
afbr-76	403	8	are	be	AUX
afbr-76	403	9	world	world	NOUN
afbr-76	403	10	incomes	income	NOUN
afbr-76	403	11	converging	converge	VERB
afbr-76	403	12	?	?	PUNCT
afbr-76	404	1	federal	federal	PROPN
afbr-76	404	2	reserve	reserve	PROPN
afbr-76	404	3	bank	bank	PROPN
afbr-76	404	4	of	of	ADP
afbr-76	404	5	san	san	PROPN
afbr-76	404	6	francisco	francisco	PROPN
afbr-76	404	7	,	,	PUNCT
afbr-76	404	8	26	26	NUM
afbr-76	404	9	:	:	SYM
afbr-76	404	10	26	26	NUM
afbr-76	404	11	-	-	SYM
afbr-76	404	12	57	57	NUM
afbr-76	404	13	.	.	PUNCT
afbr-76	405	1	nyong	nyong	PROPN
afbr-76	405	2	,	,	PUNCT
afbr-76	405	3	m.	m.	NOUN
afbr-76	405	4	o.	o.	PROPN
afbr-76	405	5	(	(	PUNCT
afbr-76	405	6	2003).predictability	2003).predictability	NUM
afbr-76	405	7	and	and	CCONJ
afbr-76	405	8	volatility	volatility	NOUN
afbr-76	405	9	of	of	ADP
afbr-76	405	10	stock	stock	NOUN
afbr-76	405	11	returns	return	NOUN
afbr-76	405	12	in	in	ADP
afbr-76	405	13	three	three	NUM
afbr-76	405	14	emerging	emerge	VERB
afbr-76	405	15	markets	market	NOUN
afbr-76	405	16	:	:	PUNCT
afbr-76	405	17	nigeria	nigeria	PROPN
afbr-76	405	18	,	,	PUNCT
afbr-76	405	19	south	south	PROPN
afbr-76	405	20	africa	africa	PROPN
afbr-76	405	21	and	and	CCONJ
afbr-76	405	22	brazil.nigeria	brazil.nigeria	PROPN
afbr-76	405	23	journal	journal	NOUN
afbr-76	405	24	of	of	ADP
afbr-76	405	25	economics	economic	NOUN
afbr-76	405	26	and	and	CCONJ
afbr-76	405	27	development	development	NOUN
afbr-76	405	28	matters	matter	NOUN
afbr-76	405	29	,	,	PUNCT
afbr-76	405	30	2	2	NUM
afbr-76	405	31	(	(	PUNCT
afbr-76	405	32	1	1	NUM
afbr-76	405	33	)	)	PUNCT
afbr-76	405	34	,	,	PUNCT
afbr-76	405	35	12	12	NUM
afbr-76	405	36	-	-	SYM
afbr-76	405	37	29	29	NUM
afbr-76	405	38	obadan	obadan	NOUN
afbr-76	405	39	,	,	PUNCT
afbr-76	405	40	m.	m.	NOUN
afbr-76	405	41	i.	i.	PROPN
afbr-76	405	42	(	(	PUNCT
afbr-76	405	43	2004	2004	NUM
afbr-76	405	44	)	)	PUNCT
afbr-76	405	45	.	.	PUNCT
afbr-76	406	1	foreign	foreign	ADJ
afbr-76	406	2	capital	capital	NOUN
afbr-76	406	3	flows	flow	NOUN
afbr-76	406	4	and	and	CCONJ
afbr-76	406	5	external	external	ADJ
afbr-76	406	6	debt	debt	NOUN
afbr-76	406	7	perspectives	perspective	NOUN
afbr-76	406	8	on	on	ADP
afbr-76	406	9	nigeria	nigeria	PROPN
afbr-76	406	10	and	and	CCONJ
afbr-76	406	11	the	the	DET
afbr-76	406	12	ldc	ldc	PROPN
afbr-76	406	13	’s	’s	PART
afbr-76	406	14	group	group	NOUN
afbr-76	406	15	.	.	PUNCT
afbr-76	407	1	ibadan	ibadan	PROPN
afbr-76	407	2	:	:	PUNCT
afbr-76	407	3	ibadan	ibadan	PROPN
afbr-76	407	4	university	university	NOUN
afbr-76	407	5	printer	printer	NOUN
afbr-76	407	6	.	.	PUNCT
afbr-76	408	1	o'connor	o'connor	PROPN
afbr-76	408	2	,	,	PUNCT
afbr-76	408	3	t.	t.	PROPN
afbr-76	408	4	&	&	CCONJ
afbr-76	408	5	iscariot	iscariot	PROPN
afbr-76	408	6	,	,	PUNCT
afbr-76	408	7	h.	h.	PROPN
afbr-76	408	8	,(2010).trade	,(2010).trade	PUNCT
afbr-76	408	9	liberalization	liberalization	NOUN
afbr-76	408	10	,	,	PUNCT
afbr-76	408	11	employment	employment	NOUN
afbr-76	408	12	,	,	PUNCT
afbr-76	408	13	capital	capital	NOUN
afbr-76	408	14	and	and	CCONJ
afbr-76	408	15	productivity	productivity	NOUN
afbr-76	408	16	dynamics.latin	dynamics.latin	PROPN
afbr-76	408	17	american	american	PROPN
afbr-76	408	18	economic	economic	PROPN
afbr-76	408	19	society	society	PROPN
afbr-76	408	20	14(7),178	14(7),178	ADV
afbr-76	408	21	-	-	SYM
afbr-76	408	22	204	204	NUM
afbr-76	408	23	..	..	PUNCT
afbr-76	408	24	odionye	odionye	PROPN
afbr-76	408	25	,	,	PUNCT
afbr-76	408	26	j.c	j.c	PROPN
afbr-76	408	27	.	.	PROPN
afbr-76	408	28	,	,	PUNCT
afbr-76	408	29	(	(	PUNCT
afbr-76	408	30	2011	2011	NUM
afbr-76	408	31	)	)	PUNCT
afbr-76	408	32	.	.	PUNCT
afbr-76	409	1	an	an	DET
afbr-76	409	2	empirical	empirical	ADJ
afbr-76	409	3	analysis	analysis	NOUN
afbr-76	409	4	of	of	ADP
afbr-76	409	5	the	the	DET
afbr-76	409	6	relationship	relationship	NOUN
afbr-76	409	7	between	between	ADP
afbr-76	409	8	exchange	exchange	NOUN
afbr-76	409	9	rate	rate	NOUN
afbr-76	409	10	and	and	CCONJ
afbr-76	409	11	stock	stock	NOUN
afbr-76	409	12	prices	price	NOUN
afbr-76	409	13	in	in	ADP
afbr-76	409	14	nigeria.unpublished	nigeria.unpublished	ADJ
afbr-76	409	15	m.sc	m.sc	PROPN
afbr-76	409	16	thesis	thesis	NOUN
afbr-76	409	17	,	,	PUNCT
afbr-76	409	18	university	university	PROPN
afbr-76	409	19	of	of	ADP
afbr-76	409	20	nigeria	nigeria	PROPN
afbr-76	409	21	,	,	PUNCT
afbr-76	409	22	nsukka	nsukka	PROPN
afbr-76	409	23	.	.	PUNCT
afbr-76	410	1	ogujiuba	ogujiuba	PROPN
afbr-76	410	2	,	,	PUNCT
afbr-76	410	3	v.	v.	ADP
afbr-76	410	4	,&obiechina	,&obiechina	PROPN
afbr-76	410	5	,	,	PUNCT
afbr-76	410	6	c.	c.	PROPN
afbr-76	410	7	,	,	PUNCT
afbr-76	410	8	(	(	PUNCT
afbr-76	410	9	2012	2012	NUM
afbr-76	410	10	)	)	PUNCT
afbr-76	410	11	.	.	PUNCT
afbr-76	411	1	foreign	foreign	ADJ
afbr-76	411	2	private	private	ADJ
afbr-76	411	3	capital	capital	NOUN
afbr-76	411	4	,	,	PUNCT
afbr-76	411	5	economic	economic	ADJ
afbr-76	411	6	growth	growth	NOUN
afbr-76	411	7	and	and	CCONJ
afbr-76	411	8	macroeconomic	macroeconomic	ADJ
afbr-76	411	9	indicators	indicator	NOUN
afbr-76	411	10	in	in	ADP
afbr-76	411	11	nigeria	nigeria	PROPN
afbr-76	411	12	:	:	PUNCT
afbr-76	411	13	an	an	DET
afbr-76	411	14	empirical	empirical	ADJ
afbr-76	411	15	framework	framework	NOUN
afbr-76	411	16	.	.	PUNCT
afbr-76	412	1	canadian	canadian	ADJ
afbr-76	412	2	center	center	NOUN
afbr-76	412	3	of	of	ADP
afbr-76	412	4	science	science	NOUN
afbr-76	412	5	and	and	CCONJ
afbr-76	412	6	education	education	NOUN
afbr-76	412	7	url	url	PROPN
afbr-76	412	8	,	,	PUNCT
afbr-76	412	9	23,670	23,670	NUM
afbr-76	412	10	-	-	SYM
afbr-76	412	11	765	765	NUM
afbr-76	412	12	.	.	PUNCT
afbr-76	413	1	ogum	ogum	PROPN
afbr-76	413	2	,	,	PUNCT
afbr-76	413	3	g.	g.	PROPN
afbr-76	413	4	;	;	PUNCT
afbr-76	413	5	beer	beer	NOUN
afbr-76	413	6	,	,	PUNCT
afbr-76	413	7	f.	f.	PROPN
afbr-76	413	8	,&nouyrigat	,&nouyrigat	PROPN
afbr-76	413	9	,	,	PUNCT
afbr-76	413	10	g.	g.	PROPN
afbr-76	413	11	,	,	PUNCT
afbr-76	413	12	(	(	PUNCT
afbr-76	413	13	2005).emerging	2005).emerge	VERB
afbr-76	413	14	equity	equity	NOUN
afbr-76	413	15	market	market	NOUN
afbr-76	413	16	volatility	volatility	NOUN
afbr-76	413	17	:	:	PUNCT
afbr-76	413	18	an	an	DET
afbr-76	413	19	empirical	empirical	ADJ
afbr-76	413	20	investigation	investigation	NOUN
afbr-76	413	21	of	of	ADP
afbr-76	413	22	markets	market	NOUN
afbr-76	413	23	in	in	ADP
afbr-76	413	24	kenya	kenya	PROPN
afbr-76	413	25	and	and	CCONJ
afbr-76	413	26	nigeria.journal	nigeria.journal	ADJ
afbr-76	413	27	of	of	ADP
afbr-76	413	28	african	african	ADJ
afbr-76	413	29	business	business	NOUN
afbr-76	413	30	,	,	PUNCT
afbr-76	413	31	6	6	NUM
afbr-76	413	32	(	(	PUNCT
afbr-76	413	33	1&2	1&2	NUM
afbr-76	413	34	)	)	PUNCT
afbr-76	413	35	,	,	PUNCT
afbr-76	413	36	139	139	NUM
afbr-76	413	37	-	-	SYM
afbr-76	413	38	154	154	NUM
afbr-76	413	39	http://www.iiste.org/	http://www.iiste.org/	NOUN
afbr-76	413	40	www.cribfb.com/journal/index.php/afbr	www.cribfb.com/journal/index.php/afbr	ADJ
afbr-76	413	41	australian	australian	ADJ
afbr-76	413	42	finance	finance	PROPN
afbr-76	413	43	&	&	CCONJ
afbr-76	413	44	banking	banking	PROPN
afbr-76	413	45	review	review	PROPN
afbr-76	413	46	vol	vol	NOUN
afbr-76	413	47	.	.	PROPN
afbr-76	414	1	2	2	NUM
afbr-76	414	2	,	,	PUNCT
afbr-76	414	3	no	no	INTJ
afbr-76	414	4	.	.	NOUN
afbr-76	414	5	1	1	NUM
afbr-76	414	6	;	;	PUNCT
afbr-76	414	7	2018	2018	NUM
afbr-76	414	8	25	25	NUM
afbr-76	414	9	okereke	okereke	ADJ
afbr-76	414	10	-	-	PUNCT
afbr-76	414	11	onyiuke	onyiuke	NOUN
afbr-76	414	12	,	,	PUNCT
afbr-76	414	13	n	n	CCONJ
afbr-76	414	14	(	(	PUNCT
afbr-76	414	15	2001).the	2001).the	DET
afbr-76	414	16	nigerian	nigerian	ADJ
afbr-76	414	17	stock	stock	NOUN
afbr-76	414	18	exchange	exchange	PROPN
afbr-76	414	19	as	as	ADP
afbr-76	414	20	a	a	DET
afbr-76	414	21	vehicle	vehicle	NOUN
afbr-76	414	22	for	for	ADP
afbr-76	414	23	capital	capital	NOUN
afbr-76	414	24	mobilization	mobilization	NOUN
afbr-76	414	25	and	and	CCONJ
afbr-76	414	26	allocation	allocation	NOUN
afbr-76	414	27	to	to	ADP
afbr-76	414	28	productive	productive	ADJ
afbr-76	414	29	sectors	sector	NOUN
afbr-76	414	30	.	.	PUNCT
afbr-76	415	1	being	be	AUX
afbr-76	415	2	a	a	DET
afbr-76	415	3	paper	paper	NOUN
afbr-76	415	4	presented	present	VERB
afbr-76	415	5	to	to	ADP
afbr-76	415	6	participants	participant	NOUN
afbr-76	415	7	of	of	ADP
afbr-76	415	8	senior	senior	ADJ
afbr-76	415	9	executive	executive	ADJ
afbr-76	415	10	course	course	NOUN
afbr-76	415	11	no	no	DET
afbr-76	415	12	23	23	NUM
afbr-76	415	13	of	of	ADP
afbr-76	415	14	the	the	DET
afbr-76	415	15	national	national	PROPN
afbr-76	415	16	institute	institute	PROPN
afbr-76	415	17	for	for	ADP
afbr-76	415	18	policy	policy	NOUN
afbr-76	415	19	and	and	CCONJ
afbr-76	415	20	strategic	strategic	ADJ
afbr-76	415	21	studies	study	NOUN
afbr-76	415	22	,	,	PUNCT
afbr-76	415	23	kuru	kuru	NOUN
afbr-76	415	24	,	,	PUNCT
afbr-76	415	25	plateau	plateau	NOUN
afbr-76	415	26	state	state	NOUN
afbr-76	415	27	.	.	PUNCT
afbr-76	416	1	march	march	PROPN
afbr-76	416	2	16	16	NUM
afbr-76	416	3	,	,	PUNCT
afbr-76	416	4	p12	p12	ADJ
afbr-76	416	5	.	.	PUNCT
afbr-76	417	1	okpara	okpara	PROPN
afbr-76	417	2	,	,	PUNCT
afbr-76	417	3	g.	g.	PROPN
afbr-76	417	4	c.	c.	PROPN
afbr-76	417	5	,	,	PUNCT
afbr-76	417	6	(	(	PUNCT
afbr-76	417	7	2010	2010	NUM
afbr-76	417	8	)	)	PUNCT
afbr-76	417	9	.analysis	.analysis	PUNCT
afbr-76	417	10	of	of	ADP
afbr-76	417	11	weak	weak	ADJ
afbr-76	417	12	-	-	PUNCT
afbr-76	417	13	form	form	NOUN
afbr-76	417	14	efficiency	efficiency	NOUN
afbr-76	417	15	on	on	ADP
afbr-76	417	16	the	the	DET
afbr-76	417	17	nigerian	nigerian	ADJ
afbr-76	417	18	stock	stock	NOUN
afbr-76	417	19	market	market	NOUN
afbr-76	417	20	:	:	PUNCT
afbr-76	417	21	evidence	evidence	NOUN
afbr-76	417	22	from	from	ADP
afbr-76	417	23	garch	garch	NOUN
afbr-76	417	24	model	model	NOUN
afbr-76	417	25	.	.	PUNCT
afbr-76	418	1	the	the	DET
afbr-76	418	2	international	international	ADJ
afbr-76	418	3	journal	journal	NOUN
afbr-76	418	4	of	of	ADP
afbr-76	418	5	applied	apply	VERB
afbr-76	418	6	economics	economic	NOUN
afbr-76	418	7	and	and	CCONJ
afbr-76	418	8	finance	finance	NOUN
afbr-76	418	9	,	,	PUNCT
afbr-76	418	10	4	4	NUM
afbr-76	418	11	,	,	PUNCT
afbr-76	418	12	62	62	NUM
afbr-76	418	13	-	-	SYM
afbr-76	418	14	66	66	NUM
afbr-76	418	15	.	.	PUNCT
afbr-76	419	1	olotu	olotu	PROPN
afbr-76	419	2	,	,	PUNCT
afbr-76	419	3	m.	m.	PROPN
afbr-76	419	4	e.	e.	PROPN
afbr-76	419	5	,&kaine	,&kaine	PROPN
afbr-76	419	6	,	,	PUNCT
afbr-76	419	7	a.	a.	PROPN
afbr-76	419	8	i.	i.	PROPN
afbr-76	419	9	n.	n.	PROPN
afbr-76	419	10	,(2011	,(2011	PROPN
afbr-76	419	11	)	)	PUNCT
afbr-76	419	12	.	.	PUNCT
afbr-76	420	1	globalization	globalization	NOUN
afbr-76	420	2	and	and	CCONJ
afbr-76	420	3	aggregate	aggregate	ADJ
afbr-76	420	4	employment	employment	NOUN
afbr-76	420	5	nexus	nexus	NOUN
afbr-76	420	6	:	:	PUNCT
afbr-76	420	7	a	a	DET
afbr-76	420	8	recent	recent	ADJ
afbr-76	420	9	experience	experience	NOUN
afbr-76	420	10	of	of	ADP
afbr-76	420	11	the	the	DET
afbr-76	420	12	nigerian	nigerian	ADJ
afbr-76	420	13	industrial	industrial	ADJ
afbr-76	420	14	sector	sector	NOUN
afbr-76	420	15	.	.	PUNCT
afbr-76	421	1	journal	journal	PROPN
afbr-76	421	2	of	of	ADP
afbr-76	421	3	research	research	NOUN
afbr-76	421	4	in	in	ADP
afbr-76	421	5	national	national	ADJ
afbr-76	421	6	development	development	NOUN
afbr-76	421	7	.	.	PUNCT
afbr-76	422	1	9(2	9(2	NUM
afbr-76	422	2	)	)	PUNCT
afbr-76	422	3	177	177	NUM
afbr-76	422	4	-	-	SYM
afbr-76	422	5	229	229	NUM
afbr-76	422	6	.	.	PUNCT
afbr-76	423	1	oluba	oluba	VERB
afbr-76	423	2	,	,	PUNCT
afbr-76	423	3	n.	n.	NOUN
afbr-76	423	4	m.	m.	NOUN
afbr-76	423	5	,	,	PUNCT
afbr-76	423	6	(	(	PUNCT
afbr-76	423	7	2008	2008	NUM
afbr-76	423	8	)	)	PUNCT
afbr-76	423	9	.	.	PUNCT
afbr-76	424	1	foreign	foreign	ADJ
afbr-76	424	2	investors	investor	NOUN
afbr-76	424	3	strategies	strategy	NOUN
afbr-76	424	4	and	and	CCONJ
afbr-76	424	5	corporate	corporate	ADJ
afbr-76	424	6	preparedness	preparedness	NOUN
afbr-76	424	7	in	in	ADP
afbr-76	424	8	nigeria	nigeria	PROPN
afbr-76	424	9	.	.	PUNCT
afbr-76	425	1	economic	economic	ADJ
afbr-76	425	2	reflections	reflection	NOUN
afbr-76	425	3	,	,	PUNCT
afbr-76	425	4	8(23	8(23	NUM
afbr-76	425	5	)	)	PUNCT
afbr-76	425	6	26	26	NUM
afbr-76	425	7	-	-	SYM
afbr-76	425	8	31	31	NUM
afbr-76	425	9	.	.	PUNCT
afbr-76	426	1	olugunde	olugunde	PROPN
afbr-76	426	2	,	,	PUNCT
afbr-76	426	3	a.o	a.o	PROPN
afbr-76	426	4	.	.	PROPN
afbr-76	426	5	,	,	PUNCT
afbr-76	426	6	elumilade	elumilade	PROPN
afbr-76	426	7	,	,	PUNCT
afbr-76	426	8	d.o	d.o	PROPN
afbr-76	426	9	.	.	PROPN
afbr-76	426	10	,	,	PUNCT
afbr-76	426	11	&	&	CCONJ
afbr-76	426	12	asaolu	asaolu	NOUN
afbr-76	426	13	,	,	PUNCT
afbr-76	426	14	t.o	t.o	PROPN
afbr-76	426	15	.	.	PROPN
afbr-76	426	16	,	,	PUNCT
afbr-76	426	17	(	(	PUNCT
afbr-76	426	18	2006	2006	NUM
afbr-76	426	19	)	)	PUNCT
afbr-76	426	20	.	.	PUNCT
afbr-76	427	1	stock	stock	NOUN
afbr-76	427	2	market	market	NOUN
afbr-76	427	3	capitalization	capitalization	NOUN
afbr-76	427	4	and	and	CCONJ
afbr-76	427	5	interest	interest	NOUN
afbr-76	427	6	rate	rate	NOUN
afbr-76	427	7	in	in	ADP
afbr-76	427	8	nigeria	nigeria	PROPN
afbr-76	427	9	:	:	PUNCT
afbr-76	427	10	a	a	DET
afbr-76	427	11	time	time	NOUN
afbr-76	427	12	series	series	NOUN
afbr-76	427	13	analysis	analysis	NOUN
afbr-76	427	14	.	.	PUNCT
afbr-76	428	1	international	international	ADJ
afbr-76	428	2	research	research	PROPN
afbr-76	428	3	journal	journal	NOUN
afbr-76	428	4	of	of	ADP
afbr-76	428	5	finance	finance	NOUN
afbr-76	428	6	and	and	CCONJ
afbr-76	428	7	economics	economic	NOUN
afbr-76	428	8	,	,	PUNCT
afbr-76	428	9	3(2	3(2	NUM
afbr-76	428	10	)	)	PUNCT
afbr-76	428	11	188212	188212	NUM
afbr-76	428	12	.	.	PUNCT
afbr-76	429	1	onoh	onoh	PROPN
afbr-76	429	2	,	,	PUNCT
afbr-76	429	3	j.k	j.k	PROPN
afbr-76	429	4	.	.	PROPN
afbr-76	429	5	,	,	PUNCT
afbr-76	429	6	(	(	PUNCT
afbr-76	429	7	2002	2002	NUM
afbr-76	429	8	):	):	PUNCT
afbr-76	429	9	dynamics	dynamic	NOUN
afbr-76	429	10	of	of	ADP
afbr-76	429	11	money	money	NOUN
afbr-76	429	12	,	,	PUNCT
afbr-76	429	13	banking	banking	NOUN
afbr-76	429	14	and	and	CCONJ
afbr-76	429	15	finance	finance	NOUN
afbr-76	429	16	in	in	ADP
afbr-76	429	17	nigeria	nigeria	PROPN
afbr-76	429	18	.	.	PUNCT
afbr-76	430	1	an	an	DET
afbr-76	430	2	emerging	emerge	VERB
afbr-76	430	3	market	market	NOUN
afbr-76	430	4	:	:	PUNCT
afbr-76	430	5	astra	astra	PROPN
afbr-76	430	6	meridian	meridian	PROPN
afbr-76	430	7	publishing	publishing	PROPN
afbr-76	430	8	,	,	PUNCT
afbr-76	430	9	lagos	lago	NOUN
afbr-76	430	10	.	.	PUNCT
afbr-76	431	1	onyiuke	onyiuke	PROPN
afbr-76	431	2	,	,	PUNCT
afbr-76	431	3	n.	n.	PROPN
afbr-76	431	4	o.	o.	PROPN
afbr-76	431	5	,	,	PUNCT
afbr-76	431	6	(	(	PUNCT
afbr-76	431	7	2009	2009	NUM
afbr-76	431	8	)	)	PUNCT
afbr-76	431	9	.	.	PUNCT
afbr-76	432	1	a	a	DET
afbr-76	432	2	review	review	NOUN
afbr-76	432	3	of	of	ADP
afbr-76	432	4	market	market	NOUN
afbr-76	432	5	performance	performance	NOUN
afbr-76	432	6	in	in	ADP
afbr-76	432	7	2009	2009	NUM
afbr-76	432	8	and	and	CCONJ
afbr-76	432	9	the	the	DET
afbr-76	432	10	outlook	outlook	NOUN
afbr-76	432	11	for	for	ADP
afbr-76	432	12	2010.the	2010.the	DET
afbr-76	432	13	nigerian	nigerian	ADJ
afbr-76	432	14	stock	stock	NOUN
afbr-76	432	15	change.journal	change.journal	PROPN
afbr-76	432	16	of	of	ADP
afbr-76	432	17	nigerian	nigerian	ADJ
afbr-76	432	18	stock	stock	NOUN
afbr-76	432	19	exchange	exchange	NOUN
afbr-76	432	20	,	,	PUNCT
afbr-76	432	21	2	2	NUM
afbr-76	432	22	:	:	SYM
afbr-76	432	23	17	17	NUM
afbr-76	432	24	-	-	SYM
afbr-76	432	25	21	21	NUM
afbr-76	432	26	.	.	PUNCT
afbr-76	432	27	osaze	osaze	NOUN
afbr-76	432	28	,	,	PUNCT
afbr-76	432	29	e.	e.	PROPN
afbr-76	432	30	b.	b.	PROPN
afbr-76	432	31	(	(	PUNCT
afbr-76	432	32	2000	2000	NUM
afbr-76	432	33	)	)	PUNCT
afbr-76	432	34	the	the	DET
afbr-76	432	35	nigerian	nigerian	ADJ
afbr-76	432	36	capital	capital	NOUN
afbr-76	432	37	market	market	NOUN
afbr-76	432	38	in	in	ADP
afbr-76	432	39	the	the	DET
afbr-76	432	40	african	african	ADJ
afbr-76	432	41	and	and	CCONJ
afbr-76	432	42	global	global	ADJ
afbr-76	432	43	financial	financial	ADJ
afbr-76	432	44	system	system	NOUN
afbr-76	432	45	.	.	PUNCT
afbr-76	433	1	benin	benin	PROPN
afbr-76	433	2	city	city	PROPN
afbr-76	433	3	:	:	PUNCT
afbr-76	433	4	bofic	bofic	ADJ
afbr-76	433	5	consulting	consult	VERB
afbr-76	433	6	group	group	NOUN
afbr-76	433	7	limited	limit	VERB
afbr-76	433	8	.	.	PUNCT
afbr-76	434	1	oyejide	oyejide	PROPN
afbr-76	434	2	,	,	PUNCT
afbr-76	434	3	t.a	t.a	PROPN
afbr-76	434	4	.	.	PROPN
afbr-76	434	5	(	(	PUNCT
afbr-76	434	6	1994).the	1994).the	DET
afbr-76	434	7	financial	financial	ADJ
afbr-76	434	8	system	system	NOUN
afbr-76	434	9	and	and	CCONJ
afbr-76	434	10	economic	economic	ADJ
afbr-76	434	11	growth	growth	NOUN
afbr-76	434	12	in	in	ADP
afbr-76	434	13	the	the	DET
afbr-76	434	14	context	context	NOUN
afbr-76	434	15	of	of	ADP
afbr-76	434	16	political	political	ADJ
afbr-76	434	17	transition.central	transition.central	PROPN
afbr-76	434	18	bank	bank	NOUN
afbr-76	434	19	of	of	ADP
afbr-76	434	20	nigeria	nigeria	PROPN
afbr-76	434	21	economic	economic	ADJ
afbr-76	434	22	and	and	CCONJ
afbr-76	434	23	financial	financial	ADJ
afbr-76	434	24	review	review	NOUN
afbr-76	434	25	,	,	PUNCT
afbr-76	434	26	12	12	NUM
afbr-76	434	27	(	(	PUNCT
afbr-76	434	28	3	3	NUM
afbr-76	434	29	)	)	PUNCT
afbr-76	434	30	,	,	PUNCT
afbr-76	434	31	260267	260267	NUM
afbr-76	434	32	.	.	PUNCT
afbr-76	435	1	parthapratim	parthapratim	ADJ
afbr-76	435	2	,	,	PUNCT
afbr-76	435	3	p.	p.	PROPN
afbr-76	435	4	,	,	PUNCT
afbr-76	435	5	(	(	PUNCT
afbr-76	435	6	2006	2006	NUM
afbr-76	435	7	)	)	PUNCT
afbr-76	435	8	.	.	PUNCT
afbr-76	436	1	foreign	foreign	ADJ
afbr-76	436	2	portfolio	portfolio	NOUN
afbr-76	436	3	investment	investment	NOUN
afbr-76	436	4	stock	stock	NOUN
afbr-76	436	5	market	market	NOUN
afbr-76	436	6	and	and	CCONJ
afbr-76	436	7	economic	economic	ADJ
afbr-76	436	8	development	development	NOUN
afbr-76	436	9	:	:	PUNCT
afbr-76	436	10	a	a	DET
afbr-76	436	11	case	case	NOUN
afbr-76	436	12	study	study	NOUN
afbr-76	436	13	of	of	ADP
afbr-76	436	14	india	india	PROPN
afbr-76	436	15	:	:	PUNCT
afbr-76	436	16	draft	draft	NOUN
afbr-76	436	17	paper	paper	NOUN
afbr-76	436	18	submitted	submit	VERB
afbr-76	436	19	for	for	ADP
afbr-76	436	20	the	the	DET
afbr-76	436	21	annual	annual	ADJ
afbr-76	436	22	conference	conference	NOUN
afbr-76	436	23	of	of	ADP
afbr-76	436	24	development	development	NOUN
afbr-76	436	25	and	and	CCONJ
afbr-76	436	26	change	change	NOUN
afbr-76	436	27	mission	mission	NOUN
afbr-76	436	28	promoting	promote	VERB
afbr-76	436	29	development	development	NOUN
afbr-76	436	30	in	in	ADP
afbr-76	436	31	a	a	DET
afbr-76	436	32	globalized	globalized	ADJ
afbr-76	436	33	world	world	NOUN
afbr-76	436	34	.	.	PUNCT
afbr-76	437	1	porteba	porteba	NOUN
afbr-76	437	2	,	,	PUNCT
afbr-76	437	3	j.	j.	PROPN
afbr-76	437	4	m.	m.	PROPN
afbr-76	437	5	,	,	PUNCT
afbr-76	437	6	(	(	PUNCT
afbr-76	437	7	2000).stock	2000).stock	NUM
afbr-76	437	8	market	market	NOUN
afbr-76	437	9	wealth	wealth	NOUN
afbr-76	437	10	and	and	CCONJ
afbr-76	437	11	consumption.journal	consumption.journal	NOUN
afbr-76	437	12	of	of	ADP
afbr-76	437	13	economic	economic	ADJ
afbr-76	437	14	perspectives	perspective	NOUN
afbr-76	437	15	,	,	PUNCT
afbr-76	437	16	14	14	NUM
afbr-76	437	17	(	(	PUNCT
afbr-76	437	18	2	2	NUM
afbr-76	437	19	)	)	PUNCT
afbr-76	437	20	,	,	PUNCT
afbr-76	437	21	99118	99118	NUM
afbr-76	437	22	prasand	prasand	NOUN
afbr-76	437	23	,	,	PUNCT
afbr-76	437	24	e.s	e.s	PROPN
afbr-76	437	25	.	.	PROPN
afbr-76	437	26	,	,	PUNCT
afbr-76	437	27	r.g	r.g	PROPN
afbr-76	437	28	.	.	PROPN
afbr-76	437	29	rajan	rajan	PROPN
afbr-76	437	30	,	,	PUNCT
afbr-76	437	31	and	and	CCONJ
afbr-76	437	32	a.	a.	PROPN
afbr-76	437	33	subramanian	subramanian	PROPN
afbr-76	437	34	(	(	PUNCT
afbr-76	437	35	2007	2007	NUM
afbr-76	437	36	):	):	PUNCT
afbr-76	437	37	foreign	foreign	ADJ
afbr-76	437	38	capital	capital	NOUN
afbr-76	437	39	and	and	CCONJ
afbr-76	437	40	economic	economic	ADJ
afbr-76	437	41	growth	growth	NOUN
afbr-76	437	42	.	.	PUNCT
afbr-76	438	1	working	work	VERB
afbr-76	438	2	paper	paper	NOUN
afbr-76	438	3	13619	13619	NUM
afbr-76	438	4	national	national	PROPN
afbr-76	438	5	bureau	bureau	PROPN
afbr-76	438	6	of	of	ADP
afbr-76	438	7	roubini	roubini	PROPN
afbr-76	438	8	,	,	PUNCT
afbr-76	438	9	n.	n.	NOUN
afbr-76	438	10	,	,	PUNCT
afbr-76	438	11	&	&	CCONJ
afbr-76	438	12	sala	sala	PROPN
afbr-76	438	13	-	-	PUNCT
afbr-76	438	14	martin	martin	PROPN
afbr-76	438	15	,	,	PUNCT
afbr-76	438	16	x.	x.	NOUN
afbr-76	438	17	,	,	PUNCT
afbr-76	438	18	(	(	PUNCT
afbr-76	438	19	1991	1991	NUM
afbr-76	438	20	)	)	PUNCT
afbr-76	438	21	.	.	PUNCT
afbr-76	439	1	financial	financial	ADJ
afbr-76	439	2	development	development	PROPN
afbr-76	439	3	,	,	PUNCT
afbr-76	439	4	the	the	DET
afbr-76	439	5	trade	trade	NOUN
afbr-76	439	6	region	region	NOUN
afbr-76	439	7	and	and	CCONJ
afbr-76	439	8	economic	economic	ADJ
afbr-76	439	9	growth.national	growth.national	PROPN
afbr-76	439	10	bureau	bureau	NOUN
afbr-76	439	11	for	for	ADP
afbr-76	439	12	economic	economic	ADJ
afbr-76	439	13	research.cambridge	research.cambridge	PROPN
afbr-76	439	14	mass	mass	PROPN
afbr-76	439	15	working	work	VERB
afbr-76	439	16	paper	paper	NOUN
afbr-76	439	17	:	:	PUNCT
afbr-76	439	18	102	102	NUM
afbr-76	439	19	-	-	SYM
afbr-76	439	20	118	118	NUM
afbr-76	439	21	.	.	PUNCT
afbr-76	440	1	sachs	sachs	PROPN
afbr-76	440	2	,	,	PUNCT
afbr-76	440	3	j.	j.	PROPN
afbr-76	440	4	d.	d.	PROPN
afbr-76	440	5	,	,	PUNCT
afbr-76	440	6	tornell	tornell	PROPN
afbr-76	440	7	,	,	PUNCT
afbr-76	440	8	a.	a.	NOUN
afbr-76	440	9	,	,	PUNCT
afbr-76	440	10	&	&	CCONJ
afbr-76	440	11	velasco	velasco	PROPN
afbr-76	440	12	,	,	PUNCT
afbr-76	440	13	a.	a.	PROPN
afbr-76	440	14	,	,	PUNCT
afbr-76	440	15	(	(	PUNCT
afbr-76	440	16	1996	1996	NUM
afbr-76	440	17	)	)	PUNCT
afbr-76	440	18	.	.	PUNCT
afbr-76	441	1	financial	financial	ADJ
afbr-76	441	2	crisis	crisis	NOUN
afbr-76	441	3	in	in	ADP
afbr-76	441	4	emerging	emerge	VERB
afbr-76	441	5	markets	market	NOUN
afbr-76	441	6	:	:	PUNCT
afbr-76	441	7	the	the	DET
afbr-76	441	8	lessons	lesson	NOUN
afbr-76	441	9	from	from	ADP
afbr-76	441	10	1995	1995	NUM
afbr-76	441	11	,	,	PUNCT
afbr-76	441	12	brooking	brook	VERB
afbr-76	441	13	papers	paper	NOUN
afbr-76	441	14	on	on	ADP
afbr-76	441	15	economic	economic	ADJ
afbr-76	441	16	activity	activity	NOUN
afbr-76	441	17	,	,	PUNCT
afbr-76	441	18	1	1	NUM
afbr-76	441	19	:	:	SYM
afbr-76	441	20	147–217	147–217	NUM
afbr-76	441	21	.	.	PUNCT
afbr-76	442	1	yartey	yartey	PROPN
afbr-76	442	2	,	,	PUNCT
afbr-76	442	3	c.	c.	PROPN
afbr-76	442	4	a.	a.	PROPN
afbr-76	442	5	,	,	PUNCT
afbr-76	442	6	(	(	PUNCT
afbr-76	442	7	2008	2008	NUM
afbr-76	442	8	)	)	PUNCT
afbr-76	442	9	.	.	PUNCT
afbr-76	443	1	the	the	DET
afbr-76	443	2	determinants	determinant	NOUN
afbr-76	443	3	of	of	ADP
afbr-76	443	4	stock	stock	NOUN
afbr-76	443	5	market	market	NOUN
afbr-76	443	6	development	development	NOUN
afbr-76	443	7	in	in	ADP
afbr-76	443	8	emerging	emerge	VERB
afbr-76	443	9	economies	economy	NOUN
afbr-76	443	10	–	–	PUNCT
afbr-76	443	11	is	be	AUX
afbr-76	443	12	south	south	PROPN
afbr-76	443	13	africa	africa	PROPN
afbr-76	443	14	different	different	ADJ
afbr-76	443	15	?	?	PUNCT
afbr-76	444	1	imf	imf	PROPN
afbr-76	444	2	working	working	PROPN
afbr-76	444	3	paper	paper	PROPN
afbr-76	444	4	wp/08/32	wp/08/32	PROPN
afbr-76	444	5	.	.	PUNCT
afbr-76	445	1	copyrights	copyright	VERB
afbr-76	445	2	copyright	copyright	NOUN
afbr-76	445	3	for	for	ADP
afbr-76	445	4	this	this	DET
afbr-76	445	5	article	article	NOUN
afbr-76	445	6	is	be	AUX
afbr-76	445	7	retained	retain	VERB
afbr-76	445	8	by	by	ADP
afbr-76	445	9	the	the	DET
afbr-76	445	10	author(s	author(s	PROPN
afbr-76	445	11	)	)	PUNCT
afbr-76	445	12	,	,	PUNCT
afbr-76	445	13	with	with	ADP
afbr-76	445	14	first	first	ADJ
afbr-76	445	15	publication	publication	NOUN
afbr-76	445	16	rights	right	NOUN
afbr-76	445	17	granted	grant	VERB
afbr-76	445	18	to	to	ADP
afbr-76	445	19	the	the	DET
afbr-76	445	20	journal	journal	NOUN
afbr-76	445	21	.	.	PUNCT
afbr-76	446	1	this	this	PRON
afbr-76	446	2	is	be	AUX
afbr-76	446	3	an	an	DET
afbr-76	446	4	open	open	ADJ
afbr-76	446	5	-	-	PUNCT
afbr-76	446	6	access	access	NOUN
afbr-76	446	7	article	article	NOUN
afbr-76	446	8	distributed	distribute	VERB
afbr-76	446	9	under	under	ADP
afbr-76	446	10	the	the	DET
afbr-76	446	11	terms	term	NOUN
afbr-76	446	12	and	and	CCONJ
afbr-76	446	13	conditions	condition	NOUN
afbr-76	446	14	of	of	ADP
afbr-76	446	15	the	the	DET
afbr-76	446	16	creative	creative	ADJ
afbr-76	446	17	commons	common	NOUN
afbr-76	446	18	attribution	attribution	NOUN
afbr-76	446	19	license	license	NOUN
afbr-76	446	20	(	(	PUNCT
afbr-76	446	21	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
afbr-76	446	22	)	)	PUNCT
afbr-76	446	23	.	.	PUNCT