id	sid	tid	token	lemma	pos
cjfa-45164	1	1	date	date	NOUN
cjfa-45164	1	2	of	of	ADP
cjfa-45164	1	3	submission	submission	NOUN
cjfa-45164	1	4	:	:	PUNCT
cjfa-45164	1	5	march	march	PROPN
cjfa-45164	1	6	27	27	NUM
cjfa-45164	1	7	,	,	PUNCT
cjfa-45164	1	8	2022	2022	NUM
cjfa-45164	1	9	;	;	PUNCT
cjfa-45164	1	10	date	date	NOUN
cjfa-45164	1	11	of	of	ADP
cjfa-45164	1	12	acceptance	acceptance	NOUN
cjfa-45164	1	13	:	:	PUNCT
cjfa-45164	1	14	june	june	PROPN
cjfa-45164	1	15	28	28	NUM
cjfa-45164	1	16	,	,	PUNCT
cjfa-45164	1	17	2022	2022	NUM
cjfa-45164	1	18	.	.	PUNCT
cjfa-45164	2	1	*	*	PUNCT
cjfa-45164	2	2	contact	contact	NOUN
cjfa-45164	2	3	information	information	NOUN
cjfa-45164	2	4	(	(	PUNCT
cjfa-45164	2	5	corresponding	correspond	VERB
cjfa-45164	2	6	author	author	NOUN
cjfa-45164	2	7	):	):	PUNCT
cjfa-45164	2	8	liftedfgb@gmail.com	liftedfgb@gmail.com	PROPN
cjfa-45164	2	9	,	,	PUNCT
cjfa-45164	2	10	department	department	NOUN
cjfa-45164	2	11	of	of	ADP
cjfa-45164	2	12	banking	banking	NOUN
cjfa-45164	2	13	and	and	CCONJ
cjfa-45164	2	14	finance	finance	NOUN
cjfa-45164	2	15	,	,	PUNCT
cjfa-45164	2	16	modibbo	modibbo	PROPN
cjfa-45164	2	17	adama	adama	PROPN
cjfa-45164	2	18	university	university	PROPN
cjfa-45164	2	19	,	,	PUNCT
cjfa-45164	2	20	yola	yola	PROPN
cjfa-45164	2	21	,	,	PUNCT
cjfa-45164	2	22	nigeria	nigeria	PROPN
cjfa-45164	2	23	,	,	PUNCT
cjfa-45164	2	24	phone	phone	NOUN
cjfa-45164	2	25	:	:	PUNCT
cjfa-45164	2	26	+2348060801953	+2348060801953	ADJ
cjfa-45164	2	27	;	;	PUNCT
cjfa-45164	2	28	orcid	orcid	PROPN
cjfa-45164	3	1	i	i	NOUN
cjfa-45164	3	2	d	d	NOUN
cjfa-45164	3	3	:	:	PUNCT
cjfa-45164	3	4	https://orcid.org/0000-0002-5613-9883	https://orcid.org/0000-0002-5613-9883	X
cjfa-45164	3	5	.	.	PUNCT
cjfa-45164	4	1	*	*	PUNCT
cjfa-45164	4	2	*	*	PUNCT
cjfa-45164	4	3	contact	contact	NOUN
cjfa-45164	4	4	information	information	NOUN
cjfa-45164	4	5	:	:	PUNCT
cjfa-45164	4	6	badaneji@yahoo.com	badaneji@yahoo.com	PROPN
cjfa-45164	4	7	,	,	PUNCT
cjfa-45164	4	8	department	department	NOUN
cjfa-45164	4	9	of	of	ADP
cjfa-45164	4	10	banking	banking	NOUN
cjfa-45164	4	11	and	and	CCONJ
cjfa-45164	4	12	finance	finance	NOUN
cjfa-45164	4	13	,	,	PUNCT
cjfa-45164	4	14	modibbo	modibbo	PROPN
cjfa-45164	4	15	adama	adama	PROPN
cjfa-45164	4	16	university	university	PROPN
cjfa-45164	4	17	,	,	PUNCT
cjfa-45164	4	18	yola	yola	PROPN
cjfa-45164	4	19	,	,	PUNCT
cjfa-45164	4	20	nigeria	nigeria	PROPN
cjfa-45164	4	21	,	,	PUNCT
cjfa-45164	4	22	phone	phone	NOUN
cjfa-45164	4	23	:	:	PUNCT
cjfa-45164	4	24	+2348065725700	+2348065725700	NUM
cjfa-45164	4	25	;	;	PUNCT
cjfa-45164	4	26	orcid	orcid	NOUN
cjfa-45164	5	1	i	i	NOUN
cjfa-45164	5	2	d	d	NOUN
cjfa-45164	5	3	:	:	PUNCT
cjfa-45164	5	4	https://	https://	NOUN
cjfa-45164	5	5	orcid.org/0000-0001-5709-8334	orcid.org/0000-0001-5709-8334	NOUN
cjfa-45164	5	6	.	.	PUNCT
cjfa-45164	6	1	*	*	PUNCT
cjfa-45164	6	2	*	*	PUNCT
cjfa-45164	6	3	*	*	PUNCT
cjfa-45164	6	4	contact	contact	NOUN
cjfa-45164	6	5	information	information	NOUN
cjfa-45164	6	6	:	:	PUNCT
cjfa-45164	6	7	abdulmoud99@gmail.com	abdulmoud99@gmail.com	PROPN
cjfa-45164	6	8	,	,	PUNCT
cjfa-45164	6	9	camusat	camusat	NOUN
cjfa-45164	6	10	sl	sl	PROPN
cjfa-45164	6	11	ltd	ltd	PROPN
cjfa-45164	6	12	.	.	PROPN
cjfa-45164	6	13	,	,	PUNCT
cjfa-45164	6	14	freetown	freetown	PROPN
cjfa-45164	6	15	,	,	PUNCT
cjfa-45164	6	16	sierra	sierra	PROPN
cjfa-45164	6	17	leone	leone	PROPN
cjfa-45164	6	18	,	,	PUNCT
cjfa-45164	6	19	phone	phone	NOUN
cjfa-45164	6	20	:	:	PUNCT
cjfa-45164	6	21	+23275461725	+23275461725	ADJ
cjfa-45164	6	22	;	;	PUNCT
cjfa-45164	6	23	orcid	orcid	PROPN
cjfa-45164	7	1	i	i	NOUN
cjfa-45164	7	2	d	d	NOUN
cjfa-45164	7	3	:	:	PUNCT
cjfa-45164	7	4	https://orcid.org/0000-0001-8461-8243	https://orcid.org/0000-0001-8461-8243	PROPN
cjfa-45164	7	5	.	.	PUNCT
cjfa-45164	8	1	*	*	PUNCT
cjfa-45164	8	2	*	*	PUNCT
cjfa-45164	8	3	*	*	PUNCT
cjfa-45164	8	4	*	*	PUNCT
cjfa-45164	8	5	contact	contact	NOUN
cjfa-45164	8	6	information	information	NOUN
cjfa-45164	8	7	:	:	PUNCT
cjfa-45164	8	8	idera4ever@yahoo.com	idera4ever@yahoo.com	PROPN
cjfa-45164	8	9	,	,	PUNCT
cjfa-45164	8	10	department	department	NOUN
cjfa-45164	8	11	of	of	ADP
cjfa-45164	8	12	banking	banking	NOUN
cjfa-45164	8	13	and	and	CCONJ
cjfa-45164	8	14	finance	finance	NOUN
cjfa-45164	8	15	,	,	PUNCT
cjfa-45164	8	16	nasarawa	nasarawa	PROPN
cjfa-45164	8	17	state	state	PROPN
cjfa-45164	8	18	university	university	PROPN
cjfa-45164	8	19	,	,	PUNCT
cjfa-45164	8	20	keffi	keffi	PROPN
cjfa-45164	8	21	,	,	PUNCT
cjfa-45164	8	22	nigeria	nigeria	PROPN
cjfa-45164	8	23	,	,	PUNCT
cjfa-45164	8	24	phone	phone	NOUN
cjfa-45164	8	25	:	:	PUNCT
cjfa-45164	8	26	+2347031117236	+2347031117236	NUM
cjfa-45164	8	27	;	;	PUNCT
cjfa-45164	8	28	orcid	orcid	PROPN
cjfa-45164	9	1	i	i	NOUN
cjfa-45164	9	2	d	d	NOUN
cjfa-45164	9	3	:	:	PUNCT
cjfa-45164	9	4	https://orcid.org/0000-0002-5661-2570	https://orcid.org/0000-0002-5661-2570	PROPN
cjfa-45164	9	5	.	.	PUNCT
cjfa-45164	10	1	copernican	copernican	PROPN
cjfa-45164	10	2	journal	journal	PROPN
cjfa-45164	10	3	of	of	ADP
cjfa-45164	10	4	finance	finance	PROPN
cjfa-45164	10	5	&	&	CCONJ
cjfa-45164	10	6	accounting	accounting	PROPN
cjfa-45164	10	7	e	e	PROPN
cjfa-45164	10	8	-	-	PROPN
cjfa-45164	10	9	issn	issn	PROPN
cjfa-45164	10	10	2300	2300	NUM
cjfa-45164	10	11	-	-	SYM
cjfa-45164	10	12	3065	3065	NUM
cjfa-45164	10	13	p	p	PROPN
cjfa-45164	10	14	-	-	PUNCT
cjfa-45164	10	15	issn	issn	PROPN
cjfa-45164	10	16	2300	2300	NUM
cjfa-45164	10	17	-	-	SYM
cjfa-45164	10	18	12402022	12402022	NUM
cjfa-45164	10	19	,	,	PUNCT
cjfa-45164	10	20	volume	volume	NOUN
cjfa-45164	10	21	11	11	NUM
cjfa-45164	10	22	,	,	PUNCT
cjfa-45164	10	23	issue	issue	VERB
cjfa-45164	10	24	4	4	NUM
cjfa-45164	10	25	babarinde	babarinde	ADJ
cjfa-45164	10	26	,	,	PUNCT
cjfa-45164	10	27	g.f	g.f	PROPN
cjfa-45164	10	28	.	.	PROPN
cjfa-45164	10	29	,	,	PUNCT
cjfa-45164	10	30	daneji	daneji	PROPN
cjfa-45164	10	31	,	,	PUNCT
cjfa-45164	10	32	b.a	b.a	PROPN
cjfa-45164	10	33	.	.	PROPN
cjfa-45164	10	34	,	,	PUNCT
cjfa-45164	10	35	jalloh	jalloh	PROPN
cjfa-45164	10	36	,	,	PUNCT
cjfa-45164	10	37	m.a	m.a	PROPN
cjfa-45164	10	38	.	.	PROPN
cjfa-45164	10	39	,	,	PUNCT
cjfa-45164	10	40	&	&	CCONJ
cjfa-45164	10	41	abdulmajeed	abdulmajeed	PROPN
cjfa-45164	10	42	,	,	PUNCT
cjfa-45164	10	43	t.i	t.i	PROPN
cjfa-45164	10	44	.	.	PROPN
cjfa-45164	10	45	(	(	PUNCT
cjfa-45164	10	46	2022	2022	NUM
cjfa-45164	10	47	)	)	PUNCT
cjfa-45164	10	48	.	.	PUNCT
cjfa-45164	11	1	financial	financial	ADJ
cjfa-45164	11	2	inclusion	inclusion	NOUN
cjfa-45164	11	3	implications	implication	NOUN
cjfa-45164	11	4	on	on	ADP
cjfa-45164	11	5	the	the	DET
cjfa-45164	11	6	liquidity	liquidity	NOUN
cjfa-45164	11	7	of	of	ADP
cjfa-45164	11	8	the	the	DET
cjfa-45164	11	9	nigerian	nigerian	ADJ
cjfa-45164	11	10	capital	capital	NOUN
cjfa-45164	11	11	market	market	NOUN
cjfa-45164	11	12	.	.	PUNCT
cjfa-45164	12	1	copernican	copernican	PROPN
cjfa-45164	12	2	journal	journal	PROPN
cjfa-45164	12	3	of	of	ADP
cjfa-45164	12	4	finance	finance	PROPN
cjfa-45164	12	5	&	&	CCONJ
cjfa-45164	12	6	accounting	accounting	PROPN
cjfa-45164	12	7	,	,	PUNCT
cjfa-45164	12	8	11(4	11(4	NUM
cjfa-45164	12	9	)	)	PUNCT
cjfa-45164	12	10	,	,	PUNCT
cjfa-45164	12	11	9–26	9–26	NOUN
cjfa-45164	12	12	.	.	PUNCT
cjfa-45164	13	1	http://dx.doi.org/10.12775/cjfa.2022.016	http://dx.doi.org/10.12775/cjfa.2022.016	PROPN
cjfa-45164	13	2	gbenga	gbenga	PROPN
cjfa-45164	13	3	festus	festus	PROPN
cjfa-45164	13	4	babarinde	babarinde	PROPN
cjfa-45164	13	5	*	*	PROPN
cjfa-45164	13	6	modibbo	modibbo	PROPN
cjfa-45164	13	7	adama	adama	PROPN
cjfa-45164	13	8	university	university	PROPN
cjfa-45164	13	9	,	,	PUNCT
cjfa-45164	13	10	yola	yola	PROPN
cjfa-45164	13	11	,	,	PUNCT
cjfa-45164	13	12	nigeria	nigeria	PROPN
cjfa-45164	13	13	bashir	bashir	PROPN
cjfa-45164	13	14	ahmad	ahmad	PROPN
cjfa-45164	13	15	daneji	daneji	PROPN
cjfa-45164	13	16	*	*	PROPN
cjfa-45164	13	17	*	*	PROPN
cjfa-45164	13	18	modibbo	modibbo	PROPN
cjfa-45164	13	19	adama	adama	PROPN
cjfa-45164	13	20	university	university	PROPN
cjfa-45164	13	21	,	,	PUNCT
cjfa-45164	13	22	yola	yola	PROPN
cjfa-45164	13	23	,	,	PUNCT
cjfa-45164	13	24	nigeria	nigeria	PROPN
cjfa-45164	13	25	mamoud	mamoud	PROPN
cjfa-45164	13	26	abdul	abdul	PROPN
cjfa-45164	13	27	jalloh	jalloh	PROPN
cjfa-45164	14	1	*	*	PROPN
cjfa-45164	14	2	*	*	PUNCT
cjfa-45164	14	3	*	*	PUNCT
cjfa-45164	14	4	camusat	camusat	PROPN
cjfa-45164	14	5	sl	sl	PROPN
cjfa-45164	14	6	ltd	ltd	PROPN
cjfa-45164	14	7	.	.	PROPN
cjfa-45164	14	8	,	,	PUNCT
cjfa-45164	14	9	freetown	freetown	PROPN
cjfa-45164	14	10	,	,	PUNCT
cjfa-45164	14	11	sierra	sierra	PROPN
cjfa-45164	14	12	leone	leone	PROPN
cjfa-45164	14	13	tajudeen	tajudeen	PROPN
cjfa-45164	14	14	idera	idera	ADV
cjfa-45164	14	15	abdulmajeed	abdulmajeed	ADJ
cjfa-45164	14	16	*	*	NOUN
cjfa-45164	14	17	*	*	PUNCT
cjfa-45164	14	18	*	*	PUNCT
cjfa-45164	14	19	*	*	PUNCT
cjfa-45164	14	20	nasarawa	nasarawa	PROPN
cjfa-45164	14	21	state	state	PROPN
cjfa-45164	14	22	university	university	PROPN
cjfa-45164	14	23	,	,	PUNCT
cjfa-45164	14	24	keffi	keffi	PROPN
cjfa-45164	14	25	,	,	PUNCT
cjfa-45164	14	26	nigeria	nigeria	PROPN
cjfa-45164	14	27	financial	financial	ADJ
cjfa-45164	14	28	inclusion	inclusion	NOUN
cjfa-45164	14	29	implications	implication	NOUN
cjfa-45164	14	30	on	on	ADP
cjfa-45164	14	31	the	the	DET
cjfa-45164	14	32	liquidity	liquidity	NOUN
cjfa-45164	14	33	of	of	ADP
cjfa-45164	14	34	the	the	DET
cjfa-45164	14	35	nigerian	nigerian	ADJ
cjfa-45164	14	36	capital	capital	NOUN
cjfa-45164	14	37	market	market	NOUN
cjfa-45164	14	38	keywords	keyword	NOUN
cjfa-45164	14	39	:	:	PUNCT
cjfa-45164	14	40	financial	financial	ADJ
cjfa-45164	14	41	inclusion	inclusion	NOUN
cjfa-45164	14	42	,	,	PUNCT
cjfa-45164	14	43	stock	stock	NOUN
cjfa-45164	14	44	market	market	NOUN
cjfa-45164	14	45	liquidity	liquidity	NOUN
cjfa-45164	14	46	,	,	PUNCT
cjfa-45164	14	47	vector	vector	NOUN
cjfa-45164	14	48	autoregression	autoregression	NOUN
cjfa-45164	14	49	(	(	PUNCT
cjfa-45164	14	50	var	var	NOUN
cjfa-45164	14	51	)	)	PUNCT
cjfa-45164	14	52	,	,	PUNCT
cjfa-45164	14	53	capital	capital	NOUN
cjfa-45164	14	54	market	market	NOUN
cjfa-45164	14	55	.	.	PUNCT
cjfa-45164	15	1	j	j	PROPN
cjfa-45164	15	2	e	e	PROPN
cjfa-45164	15	3	l	l	PROPN
cjfa-45164	15	4	classification	classification	NOUN
cjfa-45164	15	5	:	:	PUNCT
cjfa-45164	15	6	g10	g10	PROPN
cjfa-45164	15	7	,	,	PUNCT
cjfa-45164	15	8	m21	m21	PROPN
cjfa-45164	15	9	,	,	PUNCT
cjfa-45164	15	10	016	016	NUM
cjfa-45164	15	11	,	,	PUNCT
cjfa-45164	15	12	p34	p34	NOUN
cjfa-45164	15	13	.	.	PUNCT
cjfa-45164	16	1	g.f	g.f	PROPN
cjfa-45164	16	2	.	.	PROPN
cjfa-45164	16	3	babarinde	babarinde	PROPN
cjfa-45164	16	4	,	,	PUNCT
cjfa-45164	16	5	b.a	b.a	PROPN
cjfa-45164	16	6	.	.	PROPN
cjfa-45164	16	7	daneji	daneji	PROPN
cjfa-45164	16	8	,	,	PUNCT
cjfa-45164	16	9	m.a	m.a	PROPN
cjfa-45164	16	10	.	.	PROPN
cjfa-45164	16	11	jalloh	jalloh	PROPN
cjfa-45164	16	12	,	,	PUNCT
cjfa-45164	16	13	t.i	t.i	PROPN
cjfa-45164	16	14	.	.	PROPN
cjfa-45164	16	15	abdulmajeed1010	abdulmajeed1010	PROPN
cjfa-45164	16	16	abstract	abstract	NOUN
cjfa-45164	16	17	:	:	PUNCT
cjfa-45164	16	18	the	the	DET
cjfa-45164	16	19	objective	objective	NOUN
cjfa-45164	16	20	of	of	ADP
cjfa-45164	16	21	this	this	DET
cjfa-45164	16	22	study	study	NOUN
cjfa-45164	16	23	was	be	AUX
cjfa-45164	16	24	to	to	PART
cjfa-45164	16	25	examine	examine	VERB
cjfa-45164	16	26	the	the	DET
cjfa-45164	16	27	implications	implication	NOUN
cjfa-45164	16	28	of	of	ADP
cjfa-45164	16	29	financial	financial	ADJ
cjfa-45164	16	30	inclusion	inclusion	NOUN
cjfa-45164	16	31	on	on	ADP
cjfa-45164	16	32	capital	capital	NOUN
cjfa-45164	16	33	market	market	NOUN
cjfa-45164	16	34	liquidity	liquidity	NOUN
cjfa-45164	16	35	in	in	ADP
cjfa-45164	16	36	nigeria	nigeria	PROPN
cjfa-45164	16	37	.	.	PUNCT
cjfa-45164	17	1	therefore	therefore	ADV
cjfa-45164	17	2	,	,	PUNCT
cjfa-45164	17	3	we	we	PRON
cjfa-45164	17	4	applied	apply	VERB
cjfa-45164	17	5	vector	vector	NOUN
cjfa-45164	17	6	autoregression	autoregression	NOUN
cjfa-45164	17	7	(	(	PUNCT
cjfa-45164	17	8	var	var	NOUN
cjfa-45164	17	9	)	)	PUNCT
cjfa-45164	17	10	technique	technique	NOUN
cjfa-45164	17	11	to	to	ADP
cjfa-45164	17	12	the	the	DET
cjfa-45164	17	13	analysis	analysis	NOUN
cjfa-45164	17	14	of	of	ADP
cjfa-45164	17	15	the	the	DET
cjfa-45164	17	16	quarterly	quarterly	ADJ
cjfa-45164	17	17	time	time	NOUN
cjfa-45164	17	18	series	series	PROPN
cjfa-45164	17	19	data	datum	NOUN
cjfa-45164	17	20	obtained	obtain	VERB
cjfa-45164	17	21	from	from	ADP
cjfa-45164	17	22	central	central	ADJ
cjfa-45164	17	23	bank	bank	PROPN
cjfa-45164	17	24	of	of	ADP
cjfa-45164	17	25	nigeria	nigeria	PROPN
cjfa-45164	17	26	’s	’s	PART
cjfa-45164	17	27	statistical	statistical	ADJ
cjfa-45164	17	28	bulletin	bulletin	NOUN
cjfa-45164	17	29	and	and	CCONJ
cjfa-45164	17	30	world	world	NOUN
cjfa-45164	17	31	development	development	NOUN
cjfa-45164	17	32	indicators	indicator	NOUN
cjfa-45164	17	33	for	for	ADP
cjfa-45164	17	34	the	the	DET
cjfa-45164	17	35	period	period	NOUN
cjfa-45164	17	36	,	,	PUNCT
cjfa-45164	17	37	2008q1	2008q1	NUM
cjfa-45164	17	38	to	to	ADP
cjfa-45164	17	39	2018q4	2018q4	PROPN
cjfa-45164	17	40	.	.	PUNCT
cjfa-45164	18	1	findings	finding	NOUN
cjfa-45164	18	2	of	of	ADP
cjfa-45164	18	3	this	this	DET
cjfa-45164	18	4	study	study	NOUN
cjfa-45164	18	5	reveal	reveal	VERB
cjfa-45164	18	6	that	that	SCONJ
cjfa-45164	18	7	deposit	deposit	NOUN
cjfa-45164	18	8	penetration	penetration	NOUN
cjfa-45164	18	9	,	,	PUNCT
cjfa-45164	18	10	bank	bank	NOUN
cjfa-45164	18	11	penetration	penetration	NOUN
cjfa-45164	18	12	and	and	CCONJ
cjfa-45164	18	13	credit	credit	NOUN
cjfa-45164	18	14	penetration	penetration	NOUN
cjfa-45164	18	15	have	have	VERB
cjfa-45164	18	16	positive	positive	ADJ
cjfa-45164	18	17	but	but	CCONJ
cjfa-45164	18	18	non	non	ADJ
cjfa-45164	18	19	-	-	ADJ
cjfa-45164	18	20	significant	significant	ADJ
cjfa-45164	18	21	impact	impact	NOUN
cjfa-45164	18	22	on	on	ADP
cjfa-45164	18	23	stock	stock	NOUN
cjfa-45164	18	24	market	market	NOUN
cjfa-45164	18	25	turnover	turnover	NOUN
cjfa-45164	18	26	ratio	ratio	NOUN
cjfa-45164	18	27	in	in	ADP
cjfa-45164	18	28	nigeria	nigeria	PROPN
cjfa-45164	18	29	.	.	PUNCT
cjfa-45164	19	1	furthermore	furthermore	ADV
cjfa-45164	19	2	,	,	PUNCT
cjfa-45164	19	3	unlike	unlike	ADP
cjfa-45164	19	4	deposit	deposit	NOUN
cjfa-45164	19	5	penetration	penetration	NOUN
cjfa-45164	19	6	which	which	PRON
cjfa-45164	19	7	exerts	exert	VERB
cjfa-45164	19	8	negative	negative	ADJ
cjfa-45164	19	9	and	and	CCONJ
cjfa-45164	19	10	non	non	ADJ
cjfa-45164	19	11	-	-	ADJ
cjfa-45164	19	12	significant	significant	ADJ
cjfa-45164	19	13	influence	influence	NOUN
cjfa-45164	19	14	on	on	ADP
cjfa-45164	19	15	the	the	DET
cjfa-45164	19	16	value	value	NOUN
cjfa-45164	19	17	of	of	ADP
cjfa-45164	19	18	shares	share	NOUN
cjfa-45164	19	19	traded	trade	VERB
cjfa-45164	19	20	ratio	ratio	NOUN
cjfa-45164	19	21	;	;	PUNCT
cjfa-45164	19	22	bank	bank	NOUN
cjfa-45164	19	23	penetration	penetration	NOUN
cjfa-45164	19	24	and	and	CCONJ
cjfa-45164	19	25	credit	credit	NOUN
cjfa-45164	19	26	penetration	penetration	NOUN
cjfa-45164	19	27	have	have	VERB
cjfa-45164	19	28	positive	positive	ADJ
cjfa-45164	19	29	but	but	CCONJ
cjfa-45164	19	30	non	non	ADJ
cjfa-45164	19	31	-	-	ADJ
cjfa-45164	19	32	significant	significant	ADJ
cjfa-45164	19	33	impact	impact	NOUN
cjfa-45164	19	34	on	on	ADP
cjfa-45164	19	35	the	the	DET
cjfa-45164	19	36	value	value	NOUN
cjfa-45164	19	37	of	of	ADP
cjfa-45164	19	38	shares	share	NOUN
cjfa-45164	19	39	traded	trade	VERB
cjfa-45164	19	40	ratio	ratio	NOUN
cjfa-45164	19	41	in	in	ADP
cjfa-45164	19	42	nigeria	nigeria	PROPN
cjfa-45164	19	43	.	.	PUNCT
cjfa-45164	20	1	the	the	DET
cjfa-45164	20	2	study	study	NOUN
cjfa-45164	20	3	posits	posit	NOUN
cjfa-45164	20	4	that	that	SCONJ
cjfa-45164	20	5	financial	financial	ADJ
cjfa-45164	20	6	inclusion	inclusion	NOUN
cjfa-45164	20	7	exerts	exert	VERB
cjfa-45164	20	8	no	no	DET
cjfa-45164	20	9	significant	significant	ADJ
cjfa-45164	20	10	influence	influence	NOUN
cjfa-45164	20	11	/	/	SYM
cjfa-45164	20	12	implications	implication	NOUN
cjfa-45164	20	13	on	on	ADP
cjfa-45164	20	14	stock	stock	NOUN
cjfa-45164	20	15	market	market	NOUN
cjfa-45164	20	16	liquidity	liquidity	NOUN
cjfa-45164	20	17	in	in	ADP
cjfa-45164	20	18	nigeria	nigeria	PROPN
cjfa-45164	20	19	with	with	ADP
cjfa-45164	20	20	a	a	DET
cjfa-45164	20	21	very	very	ADV
cjfa-45164	20	22	negligible	negligible	ADJ
cjfa-45164	20	23	variation	variation	NOUN
cjfa-45164	20	24	in	in	ADP
cjfa-45164	20	25	the	the	DET
cjfa-45164	20	26	latter	latter	ADJ
cjfa-45164	20	27	(	(	PUNCT
cjfa-45164	20	28	stock	stock	NOUN
cjfa-45164	20	29	market	market	NOUN
cjfa-45164	20	30	liquidity	liquidity	NOUN
cjfa-45164	20	31	)	)	PUNCT
cjfa-45164	20	32	explained	explain	VERB
cjfa-45164	20	33	by	by	ADP
cjfa-45164	20	34	the	the	DET
cjfa-45164	20	35	former	former	ADJ
cjfa-45164	20	36	(	(	PUNCT
cjfa-45164	20	37	financial	financial	ADJ
cjfa-45164	20	38	inclusion	inclusion	NOUN
cjfa-45164	20	39	)	)	PUNCT
cjfa-45164	20	40	.	.	PUNCT
cjfa-45164	21	1	it	it	PRON
cjfa-45164	21	2	is	be	AUX
cjfa-45164	21	3	therefore	therefore	ADV
cjfa-45164	21	4	recommended	recommend	VERB
cjfa-45164	21	5	that	that	SCONJ
cjfa-45164	21	6	accounts	account	NOUN
cjfa-45164	21	7	and	and	CCONJ
cjfa-45164	21	8	bank	bank	NOUN
cjfa-45164	21	9	penetrations	penetration	NOUN
cjfa-45164	21	10	should	should	AUX
cjfa-45164	21	11	be	be	AUX
cjfa-45164	21	12	re	re	VERB
cjfa-45164	21	13	-	-	VERB
cjfa-45164	21	14	engineered	engineer	VERB
cjfa-45164	21	15	towards	towards	ADP
cjfa-45164	21	16	their	their	PRON
cjfa-45164	21	17	translations	translation	NOUN
cjfa-45164	21	18	to	to	ADP
cjfa-45164	21	19	high	high	ADJ
cjfa-45164	21	20	volume	volume	NOUN
cjfa-45164	21	21	and	and	CCONJ
cjfa-45164	21	22	value	value	NOUN
cjfa-45164	21	23	of	of	ADP
cjfa-45164	21	24	capital	capital	NOUN
cjfa-45164	21	25	market	market	NOUN
cjfa-45164	21	26	transactions	transaction	NOUN
cjfa-45164	21	27	rather	rather	ADV
cjfa-45164	21	28	than	than	ADP
cjfa-45164	21	29	mere	mere	ADJ
cjfa-45164	21	30	financial	financial	ADJ
cjfa-45164	21	31	penetration	penetration	NOUN
cjfa-45164	21	32	without	without	ADP
cjfa-45164	21	33	any	any	DET
cjfa-45164	21	34	capital	capital	NOUN
cjfa-45164	21	35	market	market	NOUN
cjfa-45164	21	36	implications	implication	NOUN
cjfa-45164	21	37	in	in	ADP
cjfa-45164	21	38	nigeria	nigeria	PROPN
cjfa-45164	21	39	.	.	PUNCT
cjfa-45164	21	40	 	 	SPACE
cjfa-45164	22	1	introduction	introduction	NOUN
cjfa-45164	22	2	 	 	SPACE
cjfa-45164	22	3	introduction	introduction	NOUN
cjfa-45164	22	4	financial	financial	ADJ
cjfa-45164	22	5	inclusion	inclusion	NOUN
cjfa-45164	22	6	as	as	ADP
cjfa-45164	22	7	an	an	DET
cjfa-45164	22	8	initiative	initiative	NOUN
cjfa-45164	22	9	is	be	AUX
cjfa-45164	22	10	targeted	target	VERB
cjfa-45164	22	11	at	at	ADP
cjfa-45164	22	12	ensuring	ensure	VERB
cjfa-45164	22	13	that	that	SCONJ
cjfa-45164	22	14	formal	formal	ADJ
cjfa-45164	22	15	financial	financial	ADJ
cjfa-45164	22	16	services	service	NOUN
cjfa-45164	22	17	are	be	AUX
cjfa-45164	22	18	made	make	VERB
cjfa-45164	22	19	accessible	accessible	ADJ
cjfa-45164	22	20	and	and	CCONJ
cjfa-45164	22	21	affordable	affordable	ADJ
cjfa-45164	22	22	,	,	PUNCT
cjfa-45164	22	23	primarily	primarily	ADV
cjfa-45164	22	24	to	to	ADP
cjfa-45164	22	25	low	low	ADJ
cjfa-45164	22	26	-	-	PUNCT
cjfa-45164	22	27	income	income	NOUN
cjfa-45164	22	28	people	people	NOUN
cjfa-45164	22	29	(	(	PUNCT
cjfa-45164	22	30	omar	omar	PROPN
cjfa-45164	22	31	&	&	CCONJ
cjfa-45164	22	32	inaba	inaba	PROPN
cjfa-45164	22	33	,	,	PUNCT
cjfa-45164	22	34	2020	2020	NUM
cjfa-45164	22	35	)	)	PUNCT
cjfa-45164	22	36	.	.	PUNCT
cjfa-45164	23	1	thus	thus	ADV
cjfa-45164	23	2	,	,	PUNCT
cjfa-45164	23	3	financial	financial	ADJ
cjfa-45164	23	4	inclusion	inclusion	NOUN
cjfa-45164	23	5	is	be	AUX
cjfa-45164	23	6	borne	bear	VERB
cjfa-45164	23	7	out	out	ADP
cjfa-45164	23	8	of	of	ADP
cjfa-45164	23	9	the	the	DET
cjfa-45164	23	10	desire	desire	NOUN
cjfa-45164	23	11	to	to	PART
cjfa-45164	23	12	engage	engage	VERB
cjfa-45164	23	13	as	as	ADP
cjfa-45164	23	14	many	many	ADJ
cjfa-45164	23	15	people	people	NOUN
cjfa-45164	23	16	as	as	ADP
cjfa-45164	23	17	possible	possible	ADJ
cjfa-45164	23	18	in	in	ADP
cjfa-45164	23	19	the	the	DET
cjfa-45164	23	20	financial	financial	ADJ
cjfa-45164	23	21	activities	activity	NOUN
cjfa-45164	23	22	through	through	ADP
cjfa-45164	23	23	the	the	DET
cjfa-45164	23	24	official	official	ADJ
cjfa-45164	23	25	channels	channel	NOUN
cjfa-45164	23	26	(	(	PUNCT
cjfa-45164	23	27	ashraf	ashraf	NOUN
cjfa-45164	23	28	,	,	PUNCT
cjfa-45164	23	29	2021	2021	NUM
cjfa-45164	23	30	)	)	PUNCT
cjfa-45164	23	31	.	.	PUNCT
cjfa-45164	24	1	historically	historically	ADV
cjfa-45164	24	2	,	,	PUNCT
cjfa-45164	24	3	nigeria	nigeria	PROPN
cjfa-45164	24	4	’s	’s	PART
cjfa-45164	24	5	financial	financial	ADJ
cjfa-45164	24	6	inclusion	inclusion	NOUN
cjfa-45164	24	7	has	have	VERB
cjfa-45164	24	8	its	its	PRON
cjfa-45164	24	9	root	root	NOUN
cjfa-45164	24	10	in	in	ADP
cjfa-45164	24	11	the	the	DET
cjfa-45164	24	12	rural	rural	ADJ
cjfa-45164	24	13	banking	banking	NOUN
cjfa-45164	24	14	scheme	scheme	NOUN
cjfa-45164	24	15	which	which	PRON
cjfa-45164	24	16	was	be	AUX
cjfa-45164	24	17	introduced	introduce	VERB
cjfa-45164	24	18	in	in	ADP
cjfa-45164	24	19	1977	1977	NUM
cjfa-45164	24	20	to	to	PART
cjfa-45164	24	21	promote	promote	VERB
cjfa-45164	24	22	the	the	DET
cjfa-45164	24	23	habit	habit	NOUN
cjfa-45164	24	24	of	of	ADP
cjfa-45164	24	25	banking	banking	NOUN
cjfa-45164	24	26	among	among	ADP
cjfa-45164	24	27	the	the	DET
cjfa-45164	24	28	rural	rural	ADJ
cjfa-45164	24	29	population	population	NOUN
cjfa-45164	24	30	.	.	PUNCT
cjfa-45164	25	1	other	other	ADJ
cjfa-45164	25	2	initiatives	initiative	NOUN
cjfa-45164	25	3	like	like	ADP
cjfa-45164	25	4	compulsory	compulsory	ADJ
cjfa-45164	25	5	establishment	establishment	NOUN
cjfa-45164	25	6	of	of	ADP
cjfa-45164	25	7	rural	rural	ADJ
cjfa-45164	25	8	branches	branch	NOUN
cjfa-45164	25	9	of	of	ADP
cjfa-45164	25	10	deposit	deposit	NOUN
cjfa-45164	25	11	money	money	NOUN
cjfa-45164	25	12	banks	bank	NOUN
cjfa-45164	25	13	(	(	PUNCT
cjfa-45164	25	14	dmbs	dmb	NOUN
cjfa-45164	25	15	)	)	PUNCT
cjfa-45164	25	16	,	,	PUNCT
cjfa-45164	25	17	establishment	establishment	NOUN
cjfa-45164	25	18	of	of	ADP
cjfa-45164	25	19	people	people	NOUN
cjfa-45164	25	20	’s	’s	PART
cjfa-45164	25	21	banks	bank	NOUN
cjfa-45164	25	22	,	,	PUNCT
cjfa-45164	25	23	community	community	NOUN
cjfa-45164	25	24	banks	bank	NOUN
cjfa-45164	25	25	,	,	PUNCT
cjfa-45164	25	26	microfinance	microfinance	NOUN
cjfa-45164	25	27	banks	bank	NOUN
cjfa-45164	25	28	and	and	CCONJ
cjfa-45164	25	29	the	the	DET
cjfa-45164	25	30	formal	formal	ADJ
cjfa-45164	25	31	launch	launch	NOUN
cjfa-45164	25	32	of	of	ADP
cjfa-45164	25	33	the	the	DET
cjfa-45164	25	34	national	national	ADJ
cjfa-45164	25	35	financial	financial	ADJ
cjfa-45164	25	36	inclusion	inclusion	NOUN
cjfa-45164	25	37	strategy	strategy	NOUN
cjfa-45164	25	38	(	(	PUNCT
cjfa-45164	25	39	nfis	nfis	PROPN
cjfa-45164	25	40	)	)	PUNCT
cjfa-45164	25	41	in	in	ADP
cjfa-45164	25	42	nigeria	nigeria	PROPN
cjfa-45164	25	43	,	,	PUNCT
cjfa-45164	25	44	are	be	AUX
cjfa-45164	25	45	all	all	ADV
cjfa-45164	25	46	geared	gear	VERB
cjfa-45164	25	47	towards	towards	ADP
cjfa-45164	25	48	achieving	achieve	VERB
cjfa-45164	25	49	financial	financial	ADJ
cjfa-45164	25	50	inclusion	inclusion	NOUN
cjfa-45164	25	51	in	in	ADP
cjfa-45164	25	52	the	the	DET
cjfa-45164	25	53	country	country	NOUN
cjfa-45164	25	54	.	.	PUNCT
cjfa-45164	26	1	the	the	DET
cjfa-45164	26	2	prime	prime	ADJ
cjfa-45164	26	3	goal	goal	NOUN
cjfa-45164	26	4	of	of	ADP
cjfa-45164	26	5	financial	financial	ADJ
cjfa-45164	26	6	inclusion	inclusion	NOUN
cjfa-45164	26	7	is	be	AUX
cjfa-45164	26	8	to	to	PART
cjfa-45164	26	9	facilitate	facilitate	VERB
cjfa-45164	26	10	all	all	PRON
cjfa-45164	26	11	-	-	PUNCT
cjfa-45164	26	12	inclusive	inclusive	ADJ
cjfa-45164	26	13	participation	participation	NOUN
cjfa-45164	26	14	of	of	ADP
cjfa-45164	26	15	people	people	NOUN
cjfa-45164	26	16	in	in	ADP
cjfa-45164	26	17	the	the	DET
cjfa-45164	26	18	formal	formal	ADJ
cjfa-45164	26	19	financial	financial	ADJ
cjfa-45164	26	20	system	system	NOUN
cjfa-45164	26	21	in	in	ADP
cjfa-45164	26	22	order	order	NOUN
cjfa-45164	26	23	to	to	PART
cjfa-45164	26	24	improve	improve	VERB
cjfa-45164	26	25	the	the	DET
cjfa-45164	26	26	standard	standard	NOUN
cjfa-45164	26	27	of	of	ADP
cjfa-45164	26	28	living	live	VERB
cjfa-45164	26	29	in	in	ADP
cjfa-45164	26	30	the	the	DET
cjfa-45164	26	31	society	society	NOUN
cjfa-45164	26	32	(	(	PUNCT
cjfa-45164	26	33	islam	islam	PROPN
cjfa-45164	26	34	,	,	PUNCT
cjfa-45164	26	35	2018	2018	NUM
cjfa-45164	26	36	)	)	PUNCT
cjfa-45164	26	37	.	.	PUNCT
cjfa-45164	27	1	financial	financial	ADJ
cjfa-45164	27	2	inclusion	inclusion	NOUN
cjfa-45164	27	3	empowers	empower	VERB
cjfa-45164	27	4	the	the	DET
cjfa-45164	27	5	poor	poor	ADJ
cjfa-45164	27	6	and	and	CCONJ
cjfa-45164	27	7	vulnerable	vulnerable	ADJ
cjfa-45164	27	8	members	member	NOUN
cjfa-45164	27	9	of	of	ADP
cjfa-45164	27	10	the	the	DET
cjfa-45164	27	11	society	society	NOUN
cjfa-45164	27	12	and	and	CCONJ
cjfa-45164	27	13	also	also	ADV
cjfa-45164	27	14	acts	act	VERB
cjfa-45164	27	15	as	as	ADP
cjfa-45164	27	16	a	a	DET
cjfa-45164	27	17	catalyst	catalyst	NOUN
cjfa-45164	27	18	to	to	ADP
cjfa-45164	27	19	economic	economic	ADJ
cjfa-45164	27	20	growth	growth	NOUN
cjfa-45164	27	21	of	of	ADP
cjfa-45164	27	22	a	a	DET
cjfa-45164	27	23	nation	nation	NOUN
cjfa-45164	27	24	.	.	PUNCT
cjfa-45164	28	1	it	it	PRON
cjfa-45164	28	2	provides	provide	VERB
cjfa-45164	28	3	access	access	NOUN
cjfa-45164	28	4	to	to	ADP
cjfa-45164	28	5	payments	payment	NOUN
cjfa-45164	28	6	and	and	CCONJ
cjfa-45164	28	7	savings	saving	NOUN
cjfa-45164	28	8	thereby	thereby	ADV
cjfa-45164	28	9	opening	open	VERB
cjfa-45164	28	10	up	up	ADP
cjfa-45164	28	11	new	new	ADJ
cjfa-45164	28	12	viable	viable	ADJ
cjfa-45164	28	13	markets	market	NOUN
cjfa-45164	28	14	for	for	ADP
cjfa-45164	28	15	financial	financial	ADJ
cjfa-45164	28	16	services	service	NOUN
cjfa-45164	28	17	providers	provider	NOUN
cjfa-45164	28	18	,	,	PUNCT
cjfa-45164	28	19	which	which	PRON
cjfa-45164	28	20	,	,	PUNCT
cjfa-45164	28	21	in	in	ADP
cjfa-45164	28	22	turn	turn	NOUN
cjfa-45164	28	23	,	,	PUNCT
cjfa-45164	28	24	increases	increase	VERB
cjfa-45164	28	25	fiscal	fiscal	ADJ
cjfa-45164	28	26	revenues	revenue	NOUN
cjfa-45164	28	27	for	for	ADP
cjfa-45164	28	28	governments	government	NOUN
cjfa-45164	28	29	and	and	CCONJ
cjfa-45164	28	30	provides	provide	VERB
cjfa-45164	28	31	employment	employment	NOUN
cjfa-45164	28	32	opportunities	opportunity	NOUN
cjfa-45164	28	33	for	for	ADP
cjfa-45164	28	34	local	local	ADJ
cjfa-45164	28	35	communities	community	NOUN
cjfa-45164	28	36	(	(	PUNCT
cjfa-45164	28	37	blake	blake	PROPN
cjfa-45164	28	38	,	,	PUNCT
cjfa-45164	28	39	propson	propson	PROPN
cjfa-45164	28	40	,	,	PUNCT
cjfa-45164	28	41	monteverde	monteverde	PROPN
cjfa-45164	28	42	&	&	CCONJ
cjfa-45164	28	43	chidambaram	chidambaram	PROPN
cjfa-45164	28	44	,	,	PUNCT
cjfa-45164	28	45	2018	2018	NUM
cjfa-45164	28	46	)	)	PUNCT
cjfa-45164	28	47	.	.	PUNCT
cjfa-45164	29	1	financial	financial	ADJ
cjfa-45164	29	2	inclusion	inclusion	NOUN
cjfa-45164	29	3	is	be	AUX
cjfa-45164	29	4	also	also	ADV
cjfa-45164	29	5	regarded	regard	VERB
cjfa-45164	29	6	as	as	ADP
cjfa-45164	29	7	a	a	DET
cjfa-45164	29	8	strong	strong	ADJ
cjfa-45164	29	9	predictor	predictor	NOUN
cjfa-45164	29	10	of	of	ADP
cjfa-45164	29	11	economic	economic	ADJ
cjfa-45164	29	12	development	development	NOUN
cjfa-45164	29	13	(	(	PUNCT
cjfa-45164	29	14	ashraf	ashraf	NOUN
cjfa-45164	29	15	,	,	PUNCT
cjfa-45164	29	16	2021	2021	NUM
cjfa-45164	29	17	)	)	PUNCT
cjfa-45164	29	18	.	.	PUNCT
cjfa-45164	30	1	financial	financial	ADJ
cjfa-45164	30	2	inclusion	inclusion	NOUN
cjfa-45164	30	3	helps	help	VERB
cjfa-45164	30	4	to	to	PART
cjfa-45164	30	5	make	make	VERB
cjfa-45164	30	6	financial	financial	ADJ
cjfa-45164	30	7	services	service	NOUN
cjfa-45164	30	8	more	more	ADV
cjfa-45164	30	9	acces	acce	NOUN
cjfa-45164	30	10	financial	financial	ADJ
cjfa-45164	30	11	inclusion	inclusion	NOUN
cjfa-45164	30	12	implications	implication	NOUN
cjfa-45164	30	13	on	on	ADP
cjfa-45164	30	14	the	the	DET
cjfa-45164	30	15	liquidity	liquidity	NOUN
cjfa-45164	30	16	…	…	PUNCT
cjfa-45164	30	17	1111	1111	NUM
cjfa-45164	30	18	sible	sible	ADJ
cjfa-45164	30	19	to	to	ADP
cjfa-45164	30	20	all	all	PRON
cjfa-45164	30	21	by	by	ADP
cjfa-45164	30	22	ensuring	ensure	VERB
cjfa-45164	30	23	that	that	SCONJ
cjfa-45164	30	24	there	there	PRON
cjfa-45164	30	25	is	be	VERB
cjfa-45164	30	26	a	a	DET
cjfa-45164	30	27	robust	robust	ADJ
cjfa-45164	30	28	financial	financial	ADJ
cjfa-45164	30	29	market	market	NOUN
cjfa-45164	30	30	(	(	PUNCT
cjfa-45164	30	31	ofori	ofori	ADV
cjfa-45164	30	32	-	-	PUNCT
cjfa-45164	30	33	abebrese	abebrese	ADJ
cjfa-45164	30	34	,	,	PUNCT
cjfa-45164	30	35	baidoo	baidoo	PROPN
cjfa-45164	30	36	&	&	CCONJ
cjfa-45164	30	37	essiam	essiam	PROPN
cjfa-45164	30	38	,	,	PUNCT
cjfa-45164	30	39	2020	2020	NUM
cjfa-45164	30	40	)	)	PUNCT
cjfa-45164	30	41	.	.	PUNCT
cjfa-45164	31	1	despite	despite	SCONJ
cjfa-45164	31	2	the	the	DET
cjfa-45164	31	3	significance	significance	NOUN
cjfa-45164	31	4	of	of	ADP
cjfa-45164	31	5	financial	financial	ADJ
cjfa-45164	31	6	inclusion	inclusion	NOUN
cjfa-45164	31	7	,	,	PUNCT
cjfa-45164	31	8	this	this	DET
cjfa-45164	31	9	policy	policy	NOUN
cjfa-45164	31	10	initiative	initiative	NOUN
cjfa-45164	31	11	has	have	AUX
cjfa-45164	31	12	been	be	AUX
cjfa-45164	31	13	mitigated	mitigate	VERB
cjfa-45164	31	14	by	by	ADP
cjfa-45164	31	15	various	various	ADJ
cjfa-45164	31	16	problems	problem	NOUN
cjfa-45164	31	17	which	which	PRON
cjfa-45164	31	18	according	accord	VERB
cjfa-45164	31	19	to	to	ADP
cjfa-45164	31	20	ozili	ozili	NOUN
cjfa-45164	31	21	(	(	PUNCT
cjfa-45164	31	22	2020a	2020a	NOUN
cjfa-45164	31	23	)	)	PUNCT
cjfa-45164	31	24	,	,	PUNCT
cjfa-45164	31	25	include	include	VERB
cjfa-45164	31	26	political	political	ADJ
cjfa-45164	31	27	interference	interference	NOUN
cjfa-45164	31	28	,	,	PUNCT
cjfa-45164	31	29	high	high	ADJ
cjfa-45164	31	30	cost	cost	NOUN
cjfa-45164	31	31	of	of	ADP
cjfa-45164	31	32	doing	do	VERB
cjfa-45164	31	33	business	business	NOUN
cjfa-45164	31	34	,	,	PUNCT
cjfa-45164	31	35	high	high	ADJ
cjfa-45164	31	36	financial	financial	ADJ
cjfa-45164	31	37	illiteracy	illiteracy	NOUN
cjfa-45164	31	38	,	,	PUNCT
cjfa-45164	31	39	the	the	DET
cjfa-45164	31	40	state	state	NOUN
cjfa-45164	31	41	of	of	ADP
cjfa-45164	31	42	the	the	DET
cjfa-45164	31	43	economy	economy	NOUN
cjfa-45164	31	44	,	,	PUNCT
cjfa-45164	31	45	uneven	uneven	ADJ
cjfa-45164	31	46	financial	financial	ADJ
cjfa-45164	31	47	development	development	NOUN
cjfa-45164	31	48	,	,	PUNCT
cjfa-45164	31	49	corruption	corruption	NOUN
cjfa-45164	31	50	,	,	PUNCT
cjfa-45164	31	51	and	and	CCONJ
cjfa-45164	31	52	increased	increase	VERB
cjfa-45164	31	53	discrimination	discrimination	NOUN
cjfa-45164	31	54	occasioned	occasion	VERB
cjfa-45164	31	55	by	by	ADP
cjfa-45164	31	56	fintech	fintech	NOUN
cjfa-45164	31	57	.	.	PUNCT
cjfa-45164	32	1	there	there	PRON
cjfa-45164	32	2	should	should	AUX
cjfa-45164	32	3	be	be	AUX
cjfa-45164	32	4	a	a	DET
cjfa-45164	32	5	synergy	synergy	NOUN
cjfa-45164	32	6	among	among	ADP
cjfa-45164	32	7	various	various	ADJ
cjfa-45164	32	8	indicators	indicator	NOUN
cjfa-45164	32	9	of	of	ADP
cjfa-45164	32	10	financial	financial	ADJ
cjfa-45164	32	11	development	development	NOUN
cjfa-45164	32	12	in	in	ADP
cjfa-45164	32	13	an	an	DET
cjfa-45164	32	14	economy	economy	NOUN
cjfa-45164	32	15	such	such	ADJ
cjfa-45164	32	16	that	that	SCONJ
cjfa-45164	32	17	an	an	DET
cjfa-45164	32	18	improvement	improvement	NOUN
cjfa-45164	32	19	in	in	ADP
cjfa-45164	32	20	one	one	NUM
cjfa-45164	32	21	aspect	aspect	NOUN
cjfa-45164	32	22	of	of	ADP
cjfa-45164	32	23	the	the	DET
cjfa-45164	32	24	financial	financial	ADJ
cjfa-45164	32	25	system	system	NOUN
cjfa-45164	32	26	should	should	AUX
cjfa-45164	32	27	positively	positively	ADV
cjfa-45164	32	28	encourage	encourage	VERB
cjfa-45164	32	29	the	the	DET
cjfa-45164	32	30	improvement	improvement	NOUN
cjfa-45164	32	31	of	of	ADP
cjfa-45164	32	32	others	other	NOUN
cjfa-45164	32	33	.	.	PUNCT
cjfa-45164	33	1	hence	hence	ADV
cjfa-45164	33	2	,	,	PUNCT
cjfa-45164	33	3	the	the	DET
cjfa-45164	33	4	stock	stock	NOUN
cjfa-45164	33	5	market	market	NOUN
cjfa-45164	33	6	is	be	AUX
cjfa-45164	33	7	expected	expect	VERB
cjfa-45164	33	8	to	to	PART
cjfa-45164	33	9	improve	improve	VERB
cjfa-45164	33	10	further	far	ADV
cjfa-45164	33	11	when	when	SCONJ
cjfa-45164	33	12	there	there	PRON
cjfa-45164	33	13	is	be	VERB
cjfa-45164	33	14	high	high	ADJ
cjfa-45164	33	15	financial	financial	ADJ
cjfa-45164	33	16	inclusion	inclusion	NOUN
cjfa-45164	33	17	in	in	ADP
cjfa-45164	33	18	the	the	DET
cjfa-45164	33	19	country	country	NOUN
cjfa-45164	33	20	.	.	PUNCT
cjfa-45164	34	1	one	one	NUM
cjfa-45164	34	2	of	of	ADP
cjfa-45164	34	3	the	the	DET
cjfa-45164	34	4	expected	expect	VERB
cjfa-45164	34	5	areas	area	NOUN
cjfa-45164	34	6	of	of	ADP
cjfa-45164	34	7	improvement	improvement	NOUN
cjfa-45164	34	8	is	be	AUX
cjfa-45164	34	9	in	in	ADP
cjfa-45164	34	10	the	the	DET
cjfa-45164	34	11	liquidity	liquidity	NOUN
cjfa-45164	34	12	of	of	ADP
cjfa-45164	34	13	the	the	DET
cjfa-45164	34	14	capital	capital	NOUN
cjfa-45164	34	15	market	market	NOUN
cjfa-45164	34	16	.	.	PUNCT
cjfa-45164	35	1	theoretically	theoretically	ADV
cjfa-45164	35	2	,	,	PUNCT
cjfa-45164	35	3	the	the	DET
cjfa-45164	35	4	extent	extent	NOUN
cjfa-45164	35	5	to	to	PART
cjfa-45164	35	6	which	which	PRON
cjfa-45164	35	7	people	people	NOUN
cjfa-45164	35	8	could	could	AUX
cjfa-45164	35	9	access	access	VERB
cjfa-45164	35	10	and	and	CCONJ
cjfa-45164	35	11	afford	afford	VERB
cjfa-45164	35	12	available	available	ADJ
cjfa-45164	35	13	financial	financial	ADJ
cjfa-45164	35	14	services	service	NOUN
cjfa-45164	35	15	through	through	ADP
cjfa-45164	35	16	various	various	ADJ
cjfa-45164	35	17	outlets	outlet	NOUN
cjfa-45164	35	18	should	should	AUX
cjfa-45164	35	19	spur	spur	VERB
cjfa-45164	35	20	more	more	ADJ
cjfa-45164	35	21	capital	capital	NOUN
cjfa-45164	35	22	market	market	NOUN
cjfa-45164	35	23	transactions	transaction	NOUN
cjfa-45164	35	24	,	,	PUNCT
cjfa-45164	35	25	in	in	ADP
cjfa-45164	35	26	the	the	DET
cjfa-45164	35	27	form	form	NOUN
cjfa-45164	35	28	turnover	turnover	NOUN
cjfa-45164	35	29	and	and	CCONJ
cjfa-45164	35	30	value	value	NOUN
cjfa-45164	35	31	of	of	ADP
cjfa-45164	35	32	shares	share	NOUN
cjfa-45164	35	33	traded	trade	VERB
cjfa-45164	35	34	in	in	ADP
cjfa-45164	35	35	the	the	DET
cjfa-45164	35	36	capital	capital	NOUN
cjfa-45164	35	37	market	market	NOUN
cjfa-45164	35	38	.	.	PUNCT
cjfa-45164	36	1	this	this	DET
cjfa-45164	36	2	assertion	assertion	NOUN
cjfa-45164	36	3	is	be	AUX
cjfa-45164	36	4	premised	premise	VERB
cjfa-45164	36	5	on	on	ADP
cjfa-45164	36	6	the	the	DET
cjfa-45164	36	7	fact	fact	NOUN
cjfa-45164	36	8	that	that	SCONJ
cjfa-45164	36	9	the	the	PRON
cjfa-45164	36	10	more	more	ADV
cjfa-45164	36	11	the	the	DET
cjfa-45164	36	12	financially	financially	ADV
cjfa-45164	36	13	-	-	PUNCT
cjfa-45164	36	14	excluded	exclude	VERB
cjfa-45164	36	15	are	be	AUX
cjfa-45164	36	16	brought	bring	VERB
cjfa-45164	36	17	back	back	ADV
cjfa-45164	36	18	into	into	ADP
cjfa-45164	36	19	the	the	DET
cjfa-45164	36	20	financially	financially	ADV
cjfa-45164	36	21	-	-	PUNCT
cjfa-45164	36	22	inclusive	inclusive	ADJ
cjfa-45164	36	23	populace	populace	NOUN
cjfa-45164	36	24	brackets	bracket	NOUN
cjfa-45164	36	25	in	in	ADP
cjfa-45164	36	26	an	an	DET
cjfa-45164	36	27	economy	economy	NOUN
cjfa-45164	36	28	,	,	PUNCT
cjfa-45164	36	29	the	the	DET
cjfa-45164	36	30	higher	high	ADJ
cjfa-45164	36	31	tendency	tendency	NOUN
cjfa-45164	36	32	of	of	ADP
cjfa-45164	36	33	the	the	DET
cjfa-45164	36	34	people	people	NOUN
cjfa-45164	36	35	to	to	PART
cjfa-45164	36	36	transact	transact	VERB
cjfa-45164	36	37	in	in	ADV
cjfa-45164	36	38	and	and	CCONJ
cjfa-45164	36	39	access	access	VERB
cjfa-45164	36	40	the	the	DET
cjfa-45164	36	41	capital	capital	NOUN
cjfa-45164	36	42	market	market	NOUN
cjfa-45164	36	43	and	and	CCONJ
cjfa-45164	36	44	hence	hence	ADV
cjfa-45164	36	45	,	,	PUNCT
cjfa-45164	36	46	the	the	DET
cjfa-45164	36	47	improvement	improvement	NOUN
cjfa-45164	36	48	in	in	ADP
cjfa-45164	36	49	the	the	DET
cjfa-45164	36	50	liquidity	liquidity	NOUN
cjfa-45164	36	51	of	of	ADP
cjfa-45164	36	52	the	the	DET
cjfa-45164	36	53	market	market	NOUN
cjfa-45164	36	54	.	.	PUNCT
cjfa-45164	37	1	despite	despite	SCONJ
cjfa-45164	37	2	the	the	DET
cjfa-45164	37	3	perceived	perceive	VERB
cjfa-45164	37	4	theoretical	theoretical	ADJ
cjfa-45164	37	5	connection	connection	NOUN
cjfa-45164	37	6	between	between	ADP
cjfa-45164	37	7	financial	financial	ADJ
cjfa-45164	37	8	inclusion	inclusion	NOUN
cjfa-45164	37	9	and	and	CCONJ
cjfa-45164	37	10	stock	stock	NOUN
cjfa-45164	37	11	market	market	NOUN
cjfa-45164	37	12	liquidity	liquidity	NOUN
cjfa-45164	37	13	,	,	PUNCT
cjfa-45164	37	14	most	most	ADV
cjfa-45164	37	15	extant	extant	ADJ
cjfa-45164	37	16	empirical	empirical	ADJ
cjfa-45164	37	17	studies	study	NOUN
cjfa-45164	37	18	focused	focus	VERB
cjfa-45164	37	19	on	on	ADP
cjfa-45164	37	20	the	the	DET
cjfa-45164	37	21	nexus	nexus	NOUN
cjfa-45164	37	22	between	between	ADP
cjfa-45164	37	23	financial	financial	ADJ
cjfa-45164	37	24	inclusion	inclusion	NOUN
cjfa-45164	37	25	and	and	CCONJ
cjfa-45164	37	26	economic	economic	ADJ
cjfa-45164	37	27	growth	growth	NOUN
cjfa-45164	37	28	(	(	PUNCT
cjfa-45164	37	29	okoye	okoye	PROPN
cjfa-45164	37	30	,	,	PUNCT
cjfa-45164	37	31	adetiloye	adetiloye	NOUN
cjfa-45164	37	32	,	,	PUNCT
cjfa-45164	37	33	erin	erin	PROPN
cjfa-45164	37	34	&	&	CCONJ
cjfa-45164	37	35	modebe	modebe	PROPN
cjfa-45164	37	36	,	,	PUNCT
cjfa-45164	37	37	2016	2016	NUM
cjfa-45164	37	38	)	)	PUNCT
cjfa-45164	37	39	;	;	PUNCT
cjfa-45164	37	40	poverty	poverty	NOUN
cjfa-45164	37	41	/	/	SYM
cjfa-45164	37	42	standard	standard	NOUN
cjfa-45164	37	43	of	of	ADP
cjfa-45164	37	44	living	living	NOUN
cjfa-45164	37	45	(	(	PUNCT
cjfa-45164	37	46	ogbeide	ogbeide	PROPN
cjfa-45164	37	47	&	&	CCONJ
cjfa-45164	37	48	igbinigie	igbinigie	PROPN
cjfa-45164	37	49	,	,	PUNCT
cjfa-45164	37	50	2019	2019	NUM
cjfa-45164	37	51	;	;	PUNCT
cjfa-45164	37	52	ratnawati	ratnawati	PROPN
cjfa-45164	37	53	,	,	PUNCT
cjfa-45164	37	54	2020	2020	NUM
cjfa-45164	37	55	)	)	PUNCT
cjfa-45164	37	56	;	;	PUNCT
cjfa-45164	37	57	investment	investment	NOUN
cjfa-45164	37	58	(	(	PUNCT
cjfa-45164	37	59	babarinde	babarinde	ADJ
cjfa-45164	37	60	,	,	PUNCT
cjfa-45164	37	61	2021	2021	NUM
cjfa-45164	37	62	)	)	PUNCT
cjfa-45164	37	63	;	;	PUNCT
cjfa-45164	37	64	financial	financial	ADJ
cjfa-45164	37	65	stability	stability	NOUN
cjfa-45164	37	66	/	/	SYM
cjfa-45164	37	67	sustainability	sustainability	NOUN
cjfa-45164	37	68	(	(	PUNCT
cjfa-45164	37	69	morgan	morgan	PROPN
cjfa-45164	37	70	&	&	CCONJ
cjfa-45164	37	71	pontines	pontines	PROPN
cjfa-45164	37	72	,	,	PUNCT
cjfa-45164	37	73	2014	2014	NUM
cjfa-45164	37	74	)	)	PUNCT
cjfa-45164	37	75	.	.	PUNCT
cjfa-45164	38	1	the	the	DET
cjfa-45164	38	2	scanty	scanty	NOUN
cjfa-45164	38	3	past	past	ADP
cjfa-45164	38	4	studies	study	NOUN
cjfa-45164	38	5	which	which	PRON
cjfa-45164	38	6	examined	examine	VERB
cjfa-45164	38	7	the	the	DET
cjfa-45164	38	8	empirical	empirical	ADJ
cjfa-45164	38	9	connection	connection	NOUN
cjfa-45164	38	10	between	between	ADP
cjfa-45164	38	11	financial	financial	ADJ
cjfa-45164	38	12	inclusion	inclusion	NOUN
cjfa-45164	38	13	and	and	CCONJ
cjfa-45164	38	14	stock	stock	NOUN
cjfa-45164	38	15	market	market	NOUN
cjfa-45164	38	16	also	also	ADV
cjfa-45164	38	17	reported	report	VERB
cjfa-45164	38	18	divergent	divergent	ADJ
cjfa-45164	38	19	findings	finding	NOUN
cjfa-45164	38	20	.	.	PUNCT
cjfa-45164	39	1	for	for	ADP
cjfa-45164	39	2	instance	instance	NOUN
cjfa-45164	39	3	,	,	PUNCT
cjfa-45164	39	4	in	in	ADP
cjfa-45164	39	5	ghana	ghana	PROPN
cjfa-45164	39	6	,	,	PUNCT
cjfa-45164	39	7	akakpo	akakpo	PROPN
cjfa-45164	39	8	(	(	PUNCT
cjfa-45164	39	9	2020	2020	NUM
cjfa-45164	39	10	)	)	PUNCT
cjfa-45164	39	11	uncovers	uncover	NOUN
cjfa-45164	39	12	the	the	DET
cjfa-45164	39	13	significant	significant	ADJ
cjfa-45164	39	14	effect	effect	NOUN
cjfa-45164	39	15	of	of	ADP
cjfa-45164	39	16	financial	financial	ADJ
cjfa-45164	39	17	inclusion	inclusion	NOUN
cjfa-45164	39	18	on	on	ADP
cjfa-45164	39	19	stock	stock	NOUN
cjfa-45164	39	20	market	market	NOUN
cjfa-45164	39	21	participation	participation	NOUN
cjfa-45164	39	22	unlike	unlike	ADP
cjfa-45164	39	23	in	in	ADP
cjfa-45164	39	24	nigerian	nigerian	ADJ
cjfa-45164	39	25	case	case	NOUN
cjfa-45164	39	26	where	where	SCONJ
cjfa-45164	39	27	migap	migap	NOUN
cjfa-45164	39	28	,	,	PUNCT
cjfa-45164	39	29	ngutsav	ngutsav	NOUN
cjfa-45164	39	30	and	and	CCONJ
cjfa-45164	39	31	andohol	andohol	PROPN
cjfa-45164	39	32	(	(	PUNCT
cjfa-45164	39	33	2020	2020	NUM
cjfa-45164	39	34	)	)	PUNCT
cjfa-45164	39	35	indicate	indicate	VERB
cjfa-45164	39	36	lack	lack	NOUN
cjfa-45164	39	37	of	of	ADP
cjfa-45164	39	38	causal	causal	ADJ
cjfa-45164	39	39	relationship	relationship	NOUN
cjfa-45164	39	40	between	between	ADP
cjfa-45164	39	41	the	the	DET
cjfa-45164	39	42	two	two	NUM
cjfa-45164	39	43	variables	variable	NOUN
cjfa-45164	39	44	.	.	PUNCT
cjfa-45164	40	1	furthermore	furthermore	ADV
cjfa-45164	40	2	,	,	PUNCT
cjfa-45164	40	3	ozili	ozili	NOUN
cjfa-45164	40	4	(	(	PUNCT
cjfa-45164	40	5	2020a	2020a	NOUN
cjfa-45164	40	6	)	)	PUNCT
cjfa-45164	40	7	argues	argue	VERB
cjfa-45164	40	8	that	that	SCONJ
cjfa-45164	40	9	despite	despite	SCONJ
cjfa-45164	40	10	the	the	DET
cjfa-45164	40	11	fact	fact	NOUN
cjfa-45164	40	12	that	that	SCONJ
cjfa-45164	40	13	the	the	DET
cjfa-45164	40	14	level	level	NOUN
cjfa-45164	40	15	of	of	ADP
cjfa-45164	40	16	financial	financial	ADJ
cjfa-45164	40	17	inclusion	inclusion	NOUN
cjfa-45164	40	18	in	in	ADP
cjfa-45164	40	19	nigeria	nigeria	PROPN
cjfa-45164	40	20	is	be	AUX
cjfa-45164	40	21	high	high	ADJ
cjfa-45164	40	22	relative	relative	ADJ
cjfa-45164	40	23	to	to	ADP
cjfa-45164	40	24	other	other	ADJ
cjfa-45164	40	25	african	african	ADJ
cjfa-45164	40	26	countries	country	NOUN
cjfa-45164	40	27	,	,	PUNCT
cjfa-45164	40	28	the	the	DET
cjfa-45164	40	29	use	use	NOUN
cjfa-45164	40	30	of	of	ADP
cjfa-45164	40	31	financial	financial	ADJ
cjfa-45164	40	32	institutions	institution	NOUN
cjfa-45164	40	33	to	to	PART
cjfa-45164	40	34	save	save	VERB
cjfa-45164	40	35	in	in	ADP
cjfa-45164	40	36	nigeria	nigeria	PROPN
cjfa-45164	40	37	remain	remain	VERB
cjfa-45164	40	38	low	low	ADJ
cjfa-45164	40	39	.	.	PUNCT
cjfa-45164	41	1	could	could	AUX
cjfa-45164	41	2	the	the	DET
cjfa-45164	41	3	level	level	NOUN
cjfa-45164	41	4	of	of	ADP
cjfa-45164	41	5	financial	financial	ADJ
cjfa-45164	41	6	inclusion	inclusion	NOUN
cjfa-45164	41	7	in	in	ADP
cjfa-45164	41	8	nigeria	nigeria	PROPN
cjfa-45164	41	9	explain	explain	VERB
cjfa-45164	41	10	the	the	DET
cjfa-45164	41	11	liquidity	liquidity	NOUN
cjfa-45164	41	12	of	of	ADP
cjfa-45164	41	13	the	the	DET
cjfa-45164	41	14	capital	capital	NOUN
cjfa-45164	41	15	market	market	NOUN
cjfa-45164	41	16	in	in	ADP
cjfa-45164	41	17	the	the	DET
cjfa-45164	41	18	country	country	NOUN
cjfa-45164	41	19	?	?	PUNCT
cjfa-45164	42	1	this	this	DET
cjfa-45164	42	2	question	question	NOUN
cjfa-45164	42	3	has	have	AUX
cjfa-45164	42	4	not	not	PART
cjfa-45164	42	5	received	receive	VERB
cjfa-45164	42	6	the	the	DET
cjfa-45164	42	7	deserved	deserved	ADJ
cjfa-45164	42	8	attention	attention	NOUN
cjfa-45164	42	9	by	by	ADP
cjfa-45164	42	10	past	past	ADJ
cjfa-45164	42	11	studies	study	NOUN
cjfa-45164	42	12	most	most	ADV
cjfa-45164	42	13	especially	especially	ADV
cjfa-45164	42	14	in	in	ADP
cjfa-45164	42	15	a	a	DET
cjfa-45164	42	16	developing	develop	VERB
cjfa-45164	42	17	country	country	NOUN
cjfa-45164	42	18	like	like	ADP
cjfa-45164	42	19	nigeria	nigeria	PROPN
cjfa-45164	42	20	.	.	PUNCT
cjfa-45164	43	1	this	this	DET
cjfa-45164	43	2	gap	gap	NOUN
cjfa-45164	43	3	is	be	AUX
cjfa-45164	43	4	what	what	PRON
cjfa-45164	43	5	this	this	DET
cjfa-45164	43	6	study	study	NOUN
cjfa-45164	43	7	attempts	attempt	VERB
cjfa-45164	43	8	to	to	PART
cjfa-45164	43	9	fill	fill	VERB
cjfa-45164	43	10	.	.	PUNCT
cjfa-45164	44	1	g.f	g.f	PROPN
cjfa-45164	44	2	.	.	PROPN
cjfa-45164	44	3	babarinde	babarinde	PROPN
cjfa-45164	44	4	,	,	PUNCT
cjfa-45164	44	5	b.a	b.a	PROPN
cjfa-45164	44	6	.	.	PROPN
cjfa-45164	44	7	daneji	daneji	PROPN
cjfa-45164	44	8	,	,	PUNCT
cjfa-45164	44	9	m.a	m.a	PROPN
cjfa-45164	44	10	.	.	PROPN
cjfa-45164	44	11	jalloh	jalloh	PROPN
cjfa-45164	44	12	,	,	PUNCT
cjfa-45164	44	13	t.i	t.i	PROPN
cjfa-45164	44	14	.	.	PROPN
cjfa-45164	44	15	abdulmajeed1212	abdulmajeed1212	PROPN
cjfa-45164	44	16	therefore	therefore	ADV
cjfa-45164	44	17	,	,	PUNCT
cjfa-45164	44	18	the	the	DET
cjfa-45164	44	19	kernel	kernel	NOUN
cjfa-45164	44	20	of	of	ADP
cjfa-45164	44	21	this	this	DET
cjfa-45164	44	22	study	study	NOUN
cjfa-45164	44	23	is	be	AUX
cjfa-45164	44	24	to	to	PART
cjfa-45164	44	25	investigate	investigate	VERB
cjfa-45164	44	26	the	the	DET
cjfa-45164	44	27	impact	impact	NOUN
cjfa-45164	44	28	of	of	ADP
cjfa-45164	44	29	financial	financial	ADJ
cjfa-45164	44	30	inclusion	inclusion	NOUN
cjfa-45164	44	31	on	on	ADP
cjfa-45164	44	32	liquidity	liquidity	NOUN
cjfa-45164	44	33	of	of	ADP
cjfa-45164	44	34	the	the	DET
cjfa-45164	44	35	nigerian	nigerian	ADJ
cjfa-45164	44	36	stock	stock	NOUN
cjfa-45164	44	37	market	market	NOUN
cjfa-45164	44	38	between	between	ADP
cjfa-45164	44	39	2008	2008	NUM
cjfa-45164	44	40	and	and	CCONJ
cjfa-45164	44	41	2018	2018	NUM
cjfa-45164	44	42	.	.	PUNCT
cjfa-45164	45	1	specifically	specifically	ADV
cjfa-45164	45	2	,	,	PUNCT
cjfa-45164	45	3	this	this	DET
cjfa-45164	45	4	study	study	NOUN
cjfa-45164	45	5	is	be	AUX
cjfa-45164	45	6	aims	aim	VERB
cjfa-45164	45	7	to	to	PART
cjfa-45164	45	8	assess	assess	VERB
cjfa-45164	45	9	the	the	DET
cjfa-45164	45	10	impact	impact	NOUN
cjfa-45164	45	11	of	of	ADP
cjfa-45164	45	12	credit	credit	NOUN
cjfa-45164	45	13	penetration	penetration	NOUN
cjfa-45164	45	14	on	on	ADP
cjfa-45164	45	15	stock	stock	NOUN
cjfa-45164	45	16	market	market	NOUN
cjfa-45164	45	17	liquidity	liquidity	NOUN
cjfa-45164	45	18	in	in	ADP
cjfa-45164	45	19	nigeria	nigeria	PROPN
cjfa-45164	45	20	,	,	PUNCT
cjfa-45164	45	21	evaluate	evaluate	VERB
cjfa-45164	45	22	the	the	DET
cjfa-45164	45	23	impact	impact	NOUN
cjfa-45164	45	24	of	of	ADP
cjfa-45164	45	25	deposit	deposit	NOUN
cjfa-45164	45	26	penetration	penetration	NOUN
cjfa-45164	45	27	on	on	ADP
cjfa-45164	45	28	stock	stock	NOUN
cjfa-45164	45	29	market	market	NOUN
cjfa-45164	45	30	liquidity	liquidity	NOUN
cjfa-45164	45	31	in	in	ADP
cjfa-45164	45	32	nigeria	nigeria	PROPN
cjfa-45164	45	33	,	,	PUNCT
cjfa-45164	45	34	and	and	CCONJ
cjfa-45164	45	35	examine	examine	VERB
cjfa-45164	45	36	the	the	DET
cjfa-45164	45	37	impact	impact	NOUN
cjfa-45164	45	38	of	of	ADP
cjfa-45164	45	39	bank	bank	NOUN
cjfa-45164	45	40	penetration	penetration	NOUN
cjfa-45164	45	41	on	on	ADP
cjfa-45164	45	42	stock	stock	NOUN
cjfa-45164	45	43	market	market	NOUN
cjfa-45164	45	44	liquidity	liquidity	NOUN
cjfa-45164	45	45	in	in	ADP
cjfa-45164	45	46	nigeria	nigeria	PROPN
cjfa-45164	45	47	.	.	PUNCT
cjfa-45164	46	1	literature	literature	NOUN
cjfa-45164	46	2	reviewliterature	reviewliterature	PROPN
cjfa-45164	46	3	review	review	VERB
cjfa-45164	46	4	conceptual	conceptual	ADJ
cjfa-45164	46	5	literatureconceptual	literatureconceptual	ADJ
cjfa-45164	46	6	literature	literature	NOUN
cjfa-45164	46	7	the	the	DET
cjfa-45164	46	8	capital	capital	NOUN
cjfa-45164	46	9	market	market	NOUN
cjfa-45164	46	10	is	be	AUX
cjfa-45164	46	11	a	a	DET
cjfa-45164	46	12	financial	financial	ADJ
cjfa-45164	46	13	market	market	NOUN
cjfa-45164	46	14	where	where	SCONJ
cjfa-45164	46	15	financial	financial	ADJ
cjfa-45164	46	16	securities	security	NOUN
cjfa-45164	46	17	in	in	ADP
cjfa-45164	46	18	form	form	NOUN
cjfa-45164	46	19	of	of	ADP
cjfa-45164	46	20	shares	share	NOUN
cjfa-45164	46	21	,	,	PUNCT
cjfa-45164	46	22	stocks	stock	NOUN
cjfa-45164	46	23	,	,	PUNCT
cjfa-45164	46	24	bonds	bond	NOUN
cjfa-45164	46	25	,	,	PUNCT
cjfa-45164	46	26	debentures	debenture	NOUN
cjfa-45164	46	27	,	,	PUNCT
cjfa-45164	46	28	loan	loan	NOUN
cjfa-45164	46	29	stocks	stock	NOUN
cjfa-45164	46	30	are	be	AUX
cjfa-45164	46	31	traded	trade	VERB
cjfa-45164	46	32	.	.	PUNCT
cjfa-45164	47	1	dimensions	dimension	NOUN
cjfa-45164	47	2	of	of	ADP
cjfa-45164	47	3	performance	performance	NOUN
cjfa-45164	47	4	of	of	ADP
cjfa-45164	47	5	stock	stock	NOUN
cjfa-45164	47	6	market	market	NOUN
cjfa-45164	47	7	in	in	ADP
cjfa-45164	47	8	literatures	literature	NOUN
cjfa-45164	47	9	include	include	VERB
cjfa-45164	47	10	size	size	NOUN
cjfa-45164	47	11	,	,	PUNCT
cjfa-45164	47	12	development	development	NOUN
cjfa-45164	47	13	,	,	PUNCT
cjfa-45164	47	14	resilience	resilience	NOUN
cjfa-45164	47	15	,	,	PUNCT
cjfa-45164	47	16	concentration	concentration	NOUN
cjfa-45164	47	17	,	,	PUNCT
cjfa-45164	47	18	liquidity	liquidity	NOUN
cjfa-45164	47	19	,	,	PUNCT
cjfa-45164	47	20	etc	etc	X
cjfa-45164	47	21	.	.	X
cjfa-45164	48	1	generally	generally	ADV
cjfa-45164	48	2	,	,	PUNCT
cjfa-45164	48	3	liquidity	liquidity	NOUN
cjfa-45164	48	4	refers	refer	VERB
cjfa-45164	48	5	to	to	ADP
cjfa-45164	48	6	the	the	DET
cjfa-45164	48	7	ease	ease	NOUN
cjfa-45164	48	8	with	with	ADP
cjfa-45164	48	9	which	which	PRON
cjfa-45164	48	10	financial	financial	ADJ
cjfa-45164	48	11	assets	asset	NOUN
cjfa-45164	48	12	could	could	AUX
cjfa-45164	48	13	be	be	AUX
cjfa-45164	48	14	turned	turn	VERB
cjfa-45164	48	15	to	to	ADP
cjfa-45164	48	16	cash	cash	VERB
cjfa-45164	48	17	with	with	ADP
cjfa-45164	48	18	little	little	ADJ
cjfa-45164	48	19	or	or	CCONJ
cjfa-45164	48	20	no	no	PRON
cjfa-45164	48	21	loss	loss	NOUN
cjfa-45164	48	22	in	in	ADP
cjfa-45164	48	23	value	value	NOUN
cjfa-45164	48	24	,	,	PUNCT
cjfa-45164	48	25	as	as	ADV
cjfa-45164	48	26	fast	fast	ADV
cjfa-45164	48	27	as	as	ADP
cjfa-45164	48	28	possible	possible	ADJ
cjfa-45164	48	29	.	.	PUNCT
cjfa-45164	49	1	however	however	ADV
cjfa-45164	49	2	,	,	PUNCT
cjfa-45164	49	3	in	in	ADP
cjfa-45164	49	4	capital	capital	NOUN
cjfa-45164	49	5	market	market	NOUN
cjfa-45164	49	6	parlance	parlance	NOUN
cjfa-45164	49	7	,	,	PUNCT
cjfa-45164	49	8	liquidity	liquidity	NOUN
cjfa-45164	49	9	is	be	AUX
cjfa-45164	49	10	the	the	DET
cjfa-45164	49	11	ease	ease	NOUN
cjfa-45164	49	12	with	with	ADP
cjfa-45164	49	13	which	which	PRON
cjfa-45164	49	14	a	a	DET
cjfa-45164	49	15	financial	financial	ADJ
cjfa-45164	49	16	instrument	instrument	NOUN
cjfa-45164	49	17	can	can	AUX
cjfa-45164	49	18	be	be	AUX
cjfa-45164	49	19	converted	convert	VERB
cjfa-45164	49	20	into	into	ADP
cjfa-45164	49	21	cash	cash	NOUN
cjfa-45164	49	22	and	and	CCONJ
cjfa-45164	49	23	it	it	PRON
cjfa-45164	49	24	also	also	ADV
cjfa-45164	49	25	means	mean	VERB
cjfa-45164	49	26	the	the	DET
cjfa-45164	49	27	ability	ability	NOUN
cjfa-45164	49	28	of	of	ADP
cjfa-45164	49	29	a	a	DET
cjfa-45164	49	30	stock	stock	NOUN
cjfa-45164	49	31	market	market	NOUN
cjfa-45164	49	32	to	to	PART
cjfa-45164	49	33	absorb	absorb	VERB
cjfa-45164	49	34	large	large	ADJ
cjfa-45164	49	35	volumes	volume	NOUN
cjfa-45164	49	36	for	for	ADP
cjfa-45164	49	37	trading	trading	NOUN
cjfa-45164	49	38	without	without	ADP
cjfa-45164	49	39	significant	significant	ADJ
cjfa-45164	49	40	variation	variation	NOUN
cjfa-45164	49	41	in	in	ADP
cjfa-45164	49	42	prices	price	NOUN
cjfa-45164	49	43	as	as	ADV
cjfa-45164	49	44	well	well	ADV
cjfa-45164	49	45	as	as	ADP
cjfa-45164	49	46	the	the	DET
cjfa-45164	49	47	ease	ease	NOUN
cjfa-45164	49	48	with	with	ADP
cjfa-45164	49	49	which	which	PRON
cjfa-45164	49	50	securities	security	NOUN
cjfa-45164	49	51	can	can	AUX
cjfa-45164	49	52	be	be	AUX
cjfa-45164	49	53	converted	convert	VERB
cjfa-45164	49	54	into	into	ADP
cjfa-45164	49	55	cash	cash	NOUN
cjfa-45164	49	56	(	(	PUNCT
cjfa-45164	49	57	nwude	nwude	ADJ
cjfa-45164	49	58	,	,	PUNCT
cjfa-45164	49	59	2018	2018	NUM
cjfa-45164	49	60	)	)	PUNCT
cjfa-45164	49	61	.	.	PUNCT
cjfa-45164	50	1	the	the	DET
cjfa-45164	50	2	author	author	NOUN
cjfa-45164	50	3	further	far	ADV
cjfa-45164	50	4	describes	describe	VERB
cjfa-45164	50	5	market	market	NOUN
cjfa-45164	50	6	liquidity	liquidity	NOUN
cjfa-45164	50	7	as	as	ADP
cjfa-45164	50	8	the	the	DET
cjfa-45164	50	9	ease	ease	NOUN
cjfa-45164	50	10	with	with	ADP
cjfa-45164	50	11	which	which	PRON
cjfa-45164	50	12	investors	investor	NOUN
cjfa-45164	50	13	can	can	AUX
cjfa-45164	50	14	buy	buy	VERB
cjfa-45164	50	15	and	and	CCONJ
cjfa-45164	50	16	sell	sell	VERB
cjfa-45164	50	17	securities	security	NOUN
cjfa-45164	50	18	at	at	ADP
cjfa-45164	50	19	close	close	ADV
cjfa-45164	50	20	to	to	ADP
cjfa-45164	50	21	the	the	DET
cjfa-45164	50	22	current	current	ADJ
cjfa-45164	50	23	quoted	quote	VERB
cjfa-45164	50	24	prices	price	NOUN
cjfa-45164	50	25	in	in	ADP
cjfa-45164	50	26	the	the	DET
cjfa-45164	50	27	security	security	NOUN
cjfa-45164	50	28	market	market	NOUN
cjfa-45164	50	29	.	.	PUNCT
cjfa-45164	51	1	therefore	therefore	ADV
cjfa-45164	51	2	,	,	PUNCT
cjfa-45164	51	3	liquidity	liquidity	NOUN
cjfa-45164	51	4	is	be	AUX
cjfa-45164	51	5	an	an	DET
cjfa-45164	51	6	indication	indication	NOUN
cjfa-45164	51	7	of	of	ADP
cjfa-45164	51	8	the	the	DET
cjfa-45164	51	9	marketability	marketability	NOUN
cjfa-45164	51	10	of	of	ADP
cjfa-45164	51	11	the	the	DET
cjfa-45164	51	12	shares	share	NOUN
cjfa-45164	51	13	,	,	PUNCT
cjfa-45164	51	14	stocks	stock	NOUN
cjfa-45164	51	15	,	,	PUNCT
cjfa-45164	51	16	bonds	bond	NOUN
cjfa-45164	51	17	,	,	PUNCT
cjfa-45164	51	18	debentures	debenture	NOUN
cjfa-45164	51	19	and	and	CCONJ
cjfa-45164	51	20	securities	security	NOUN
cjfa-45164	51	21	traded	trade	VERB
cjfa-45164	51	22	in	in	ADP
cjfa-45164	51	23	the	the	DET
cjfa-45164	51	24	capital	capital	NOUN
cjfa-45164	51	25	market	market	NOUN
cjfa-45164	51	26	.	.	PUNCT
cjfa-45164	52	1	from	from	ADP
cjfa-45164	52	2	literature	literature	NOUN
cjfa-45164	52	3	,	,	PUNCT
cjfa-45164	52	4	two	two	NUM
cjfa-45164	52	5	most	most	ADV
cjfa-45164	52	6	common	common	ADJ
cjfa-45164	52	7	indicators	indicator	NOUN
cjfa-45164	52	8	of	of	ADP
cjfa-45164	52	9	stock	stock	NOUN
cjfa-45164	52	10	market	market	NOUN
cjfa-45164	52	11	liquidity	liquidity	NOUN
cjfa-45164	52	12	have	have	AUX
cjfa-45164	52	13	been	be	AUX
cjfa-45164	52	14	identified	identify	VERB
cjfa-45164	52	15	,	,	PUNCT
cjfa-45164	52	16	namely	namely	ADV
cjfa-45164	52	17	,	,	PUNCT
cjfa-45164	52	18	stock	stock	NOUN
cjfa-45164	52	19	market	market	NOUN
cjfa-45164	52	20	turnover	turnover	NOUN
cjfa-45164	52	21	ratio	ratio	NOUN
cjfa-45164	52	22	and	and	CCONJ
cjfa-45164	52	23	value	value	NOUN
cjfa-45164	52	24	of	of	ADP
cjfa-45164	52	25	shares	share	NOUN
cjfa-45164	52	26	traded	trade	VERB
cjfa-45164	52	27	ratio	ratio	NOUN
cjfa-45164	52	28	.	.	PUNCT
cjfa-45164	53	1	stock	stock	NOUN
cjfa-45164	53	2	market	market	NOUN
cjfa-45164	53	3	turnover	turnover	NOUN
cjfa-45164	53	4	ratio	ratio	NOUN
cjfa-45164	53	5	is	be	AUX
cjfa-45164	53	6	the	the	DET
cjfa-45164	53	7	ratio	ratio	NOUN
cjfa-45164	53	8	of	of	ADP
cjfa-45164	53	9	value	value	NOUN
cjfa-45164	53	10	of	of	ADP
cjfa-45164	53	11	shares	share	NOUN
cjfa-45164	53	12	traded	trade	VERB
cjfa-45164	53	13	to	to	ADP
cjfa-45164	53	14	the	the	DET
cjfa-45164	53	15	market	market	NOUN
cjfa-45164	53	16	capitalization	capitalization	NOUN
cjfa-45164	53	17	and	and	CCONJ
cjfa-45164	53	18	the	the	DET
cjfa-45164	53	19	value	value	NOUN
cjfa-45164	53	20	of	of	ADP
cjfa-45164	53	21	shares	share	NOUN
cjfa-45164	53	22	traded	trade	VERB
cjfa-45164	53	23	ratio	ratio	NOUN
cjfa-45164	53	24	is	be	AUX
cjfa-45164	53	25	the	the	DET
cjfa-45164	53	26	ratio	ratio	NOUN
cjfa-45164	53	27	of	of	ADP
cjfa-45164	53	28	value	value	NOUN
cjfa-45164	53	29	of	of	ADP
cjfa-45164	53	30	shares	share	NOUN
cjfa-45164	53	31	traded	trade	VERB
cjfa-45164	53	32	to	to	ADP
cjfa-45164	53	33	the	the	DET
cjfa-45164	53	34	nominal	nominal	ADJ
cjfa-45164	53	35	gross	gross	ADJ
cjfa-45164	53	36	domestic	domestic	ADJ
cjfa-45164	53	37	product	product	NOUN
cjfa-45164	53	38	(	(	PUNCT
cjfa-45164	53	39	gdp	gdp	NOUN
cjfa-45164	53	40	)	)	PUNCT
cjfa-45164	53	41	in	in	ADP
cjfa-45164	53	42	an	an	DET
cjfa-45164	53	43	economy	economy	NOUN
cjfa-45164	53	44	.	.	PUNCT
cjfa-45164	54	1	financial	financial	ADJ
cjfa-45164	54	2	inclusion	inclusion	NOUN
cjfa-45164	54	3	is	be	AUX
cjfa-45164	54	4	the	the	DET
cjfa-45164	54	5	degree	degree	NOUN
cjfa-45164	54	6	to	to	PART
cjfa-45164	54	7	which	which	PRON
cjfa-45164	54	8	people	people	NOUN
cjfa-45164	54	9	,	,	PUNCT
cjfa-45164	54	10	most	most	ADV
cjfa-45164	54	11	especially	especially	ADV
cjfa-45164	54	12	the	the	DET
cjfa-45164	54	13	rural	rural	ADJ
cjfa-45164	54	14	populace	populace	NOUN
cjfa-45164	54	15	,	,	PUNCT
cjfa-45164	54	16	the	the	DET
cjfa-45164	54	17	poor	poor	ADJ
cjfa-45164	54	18	,	,	PUNCT
cjfa-45164	54	19	the	the	DET
cjfa-45164	54	20	illiterate	illiterate	ADJ
cjfa-45164	54	21	and	and	CCONJ
cjfa-45164	54	22	those	those	PRON
cjfa-45164	54	23	financially	financially	ADV
cjfa-45164	54	24	excluded	exclude	VERB
cjfa-45164	54	25	from	from	ADP
cjfa-45164	54	26	the	the	DET
cjfa-45164	54	27	formal	formal	ADJ
cjfa-45164	54	28	financial	financial	ADJ
cjfa-45164	54	29	services	service	NOUN
cjfa-45164	54	30	,	,	PUNCT
cjfa-45164	54	31	have	have	VERB
cjfa-45164	54	32	access	access	NOUN
cjfa-45164	54	33	to	to	ADP
cjfa-45164	54	34	,	,	PUNCT
cjfa-45164	54	35	make	make	VERB
cjfa-45164	54	36	use	use	NOUN
cjfa-45164	54	37	and	and	CCONJ
cjfa-45164	54	38	afford	afford	VERB
cjfa-45164	54	39	to	to	PART
cjfa-45164	54	40	enjoy	enjoy	VERB
cjfa-45164	54	41	financial	financial	ADJ
cjfa-45164	54	42	services	service	NOUN
cjfa-45164	54	43	to	to	PART
cjfa-45164	54	44	enjoy	enjoy	VERB
cjfa-45164	54	45	the	the	DET
cjfa-45164	54	46	basic	basic	ADJ
cjfa-45164	54	47	social	social	ADJ
cjfa-45164	54	48	facilities	facility	NOUN
cjfa-45164	54	49	(	(	PUNCT
cjfa-45164	54	50	babarinde	babarinde	ADJ
cjfa-45164	54	51	,	,	PUNCT
cjfa-45164	54	52	ndaghu	ndaghu	NOUN
cjfa-45164	54	53	,	,	PUNCT
cjfa-45164	54	54	abdulmajeed	abdulmajeed	PROPN
cjfa-45164	54	55	&	&	CCONJ
cjfa-45164	54	56	enoruwa	enoruwa	PROPN
cjfa-45164	54	57	,	,	PUNCT
cjfa-45164	54	58	2021	2021	NUM
cjfa-45164	54	59	)	)	PUNCT
cjfa-45164	54	60	.	.	PUNCT
cjfa-45164	55	1	ogbeide	ogbeide	ADJ
cjfa-45164	55	2	and	and	CCONJ
cjfa-45164	55	3	igbinigie	igbinigie	NOUN
cjfa-45164	55	4	(	(	PUNCT
cjfa-45164	55	5	2019	2019	NUM
cjfa-45164	55	6	)	)	PUNCT
cjfa-45164	55	7	also	also	ADV
cjfa-45164	55	8	describe	describe	VERB
cjfa-45164	55	9	financial	financial	ADJ
cjfa-45164	55	10	inclusion	inclusion	NOUN
cjfa-45164	55	11	as	as	ADP
cjfa-45164	55	12	the	the	DET
cjfa-45164	55	13	provision	provision	NOUN
cjfa-45164	55	14	of	of	ADP
cjfa-45164	55	15	contact	contact	NOUN
cjfa-45164	55	16	to	to	ADP
cjfa-45164	55	17	and	and	CCONJ
cjfa-45164	55	18	usage	usage	NOUN
cjfa-45164	55	19	of	of	ADP
cjfa-45164	55	20	different	different	ADJ
cjfa-45164	55	21	and	and	CCONJ
cjfa-45164	55	22	affordable	affordable	ADJ
cjfa-45164	55	23	fi	fi	NOUN
cjfa-45164	55	24	financial	financial	ADJ
cjfa-45164	55	25	inclusion	inclusion	NOUN
cjfa-45164	55	26	implications	implication	NOUN
cjfa-45164	55	27	on	on	ADP
cjfa-45164	55	28	the	the	DET
cjfa-45164	55	29	liquidity	liquidity	NOUN
cjfa-45164	55	30	…	…	PUNCT
cjfa-45164	55	31	1313	1313	NUM
cjfa-45164	55	32	nancial	nancial	ADJ
cjfa-45164	55	33	services	service	NOUN
cjfa-45164	55	34	.	.	PUNCT
cjfa-45164	56	1	financial	financial	ADJ
cjfa-45164	56	2	inclusion	inclusion	NOUN
cjfa-45164	56	3	is	be	AUX
cjfa-45164	56	4	the	the	DET
cjfa-45164	56	5	provision	provision	NOUN
cjfa-45164	56	6	of	of	ADP
cjfa-45164	56	7	,	,	PUNCT
cjfa-45164	56	8	and	and	CCONJ
cjfa-45164	56	9	access	access	NOUN
cjfa-45164	56	10	to	to	ADP
cjfa-45164	56	11	,	,	PUNCT
cjfa-45164	56	12	financial	financial	ADJ
cjfa-45164	56	13	services	service	NOUN
cjfa-45164	56	14	to	to	ADP
cjfa-45164	56	15	all	all	DET
cjfa-45164	56	16	members	member	NOUN
cjfa-45164	56	17	of	of	ADP
cjfa-45164	56	18	population	population	NOUN
cjfa-45164	56	19	,	,	PUNCT
cjfa-45164	56	20	particularly	particularly	ADV
cjfa-45164	56	21	the	the	DET
cjfa-45164	56	22	poor	poor	ADJ
cjfa-45164	56	23	and	and	CCONJ
cjfa-45164	56	24	the	the	DET
cjfa-45164	56	25	other	other	ADJ
cjfa-45164	56	26	excluded	exclude	VERB
cjfa-45164	56	27	members	member	NOUN
cjfa-45164	56	28	of	of	ADP
cjfa-45164	56	29	the	the	DET
cjfa-45164	56	30	population	population	NOUN
cjfa-45164	56	31	(	(	PUNCT
cjfa-45164	56	32	ozili	ozili	NOUN
cjfa-45164	56	33	,	,	PUNCT
cjfa-45164	56	34	2018	2018	NUM
cjfa-45164	56	35	)	)	PUNCT
cjfa-45164	56	36	.	.	PUNCT
cjfa-45164	57	1	therefore	therefore	ADV
cjfa-45164	57	2	,	,	PUNCT
cjfa-45164	57	3	financial	financial	ADJ
cjfa-45164	57	4	inclusion	inclusion	NOUN
cjfa-45164	57	5	is	be	AUX
cjfa-45164	57	6	the	the	DET
cjfa-45164	57	7	availability	availability	NOUN
cjfa-45164	57	8	,	,	PUNCT
cjfa-45164	57	9	accessibility	accessibility	NOUN
cjfa-45164	57	10	and	and	CCONJ
cjfa-45164	57	11	affordability	affordability	NOUN
cjfa-45164	57	12	of	of	ADP
cjfa-45164	57	13	financial	financial	ADJ
cjfa-45164	57	14	services	service	NOUN
cjfa-45164	57	15	to	to	ADP
cjfa-45164	57	16	people	people	NOUN
cjfa-45164	57	17	,	,	PUNCT
cjfa-45164	57	18	especially	especially	ADV
cjfa-45164	57	19	those	those	PRON
cjfa-45164	57	20	vulnerably	vulnerably	ADV
cjfa-45164	57	21	excluded	exclude	VERB
cjfa-45164	57	22	from	from	ADP
cjfa-45164	57	23	the	the	DET
cjfa-45164	57	24	formal	formal	ADJ
cjfa-45164	57	25	financial	financial	ADJ
cjfa-45164	57	26	services	service	NOUN
cjfa-45164	57	27	in	in	ADP
cjfa-45164	57	28	an	an	DET
cjfa-45164	57	29	economy	economy	NOUN
cjfa-45164	57	30	.	.	PUNCT
cjfa-45164	58	1	in	in	ADP
cjfa-45164	58	2	this	this	DET
cjfa-45164	58	3	study	study	NOUN
cjfa-45164	58	4	,	,	PUNCT
cjfa-45164	58	5	three	three	NUM
cjfa-45164	58	6	basic	basic	ADJ
cjfa-45164	58	7	dimensions	dimension	NOUN
cjfa-45164	58	8	of	of	ADP
cjfa-45164	58	9	financial	financial	ADJ
cjfa-45164	58	10	inclusion	inclusion	NOUN
cjfa-45164	58	11	are	be	AUX
cjfa-45164	58	12	accessibility	accessibility	NOUN
cjfa-45164	58	13	,	,	PUNCT
cjfa-45164	58	14	availability	availability	NOUN
cjfa-45164	58	15	and	and	CCONJ
cjfa-45164	58	16	affordability	affordability	NOUN
cjfa-45164	58	17	indicators	indicator	NOUN
cjfa-45164	58	18	and	and	CCONJ
cjfa-45164	58	19	each	each	PRON
cjfa-45164	58	20	of	of	ADP
cjfa-45164	58	21	them	they	PRON
cjfa-45164	58	22	is	be	AUX
cjfa-45164	58	23	measured	measure	VERB
cjfa-45164	58	24	in	in	ADP
cjfa-45164	58	25	this	this	DET
cjfa-45164	58	26	study	study	NOUN
cjfa-45164	58	27	as	as	ADP
cjfa-45164	58	28	deposit	deposit	NOUN
cjfa-45164	58	29	penetration	penetration	NOUN
cjfa-45164	58	30	,	,	PUNCT
cjfa-45164	58	31	bank	bank	NOUN
cjfa-45164	58	32	penetration	penetration	NOUN
cjfa-45164	58	33	and	and	CCONJ
cjfa-45164	58	34	credit	credit	NOUN
cjfa-45164	58	35	penetration	penetration	NOUN
cjfa-45164	58	36	respectively	respectively	ADV
cjfa-45164	58	37	.	.	PUNCT
cjfa-45164	59	1	deposit	deposit	NOUN
cjfa-45164	59	2	penetration	penetration	NOUN
cjfa-45164	59	3	has	have	AUX
cjfa-45164	59	4	been	be	AUX
cjfa-45164	59	5	defined	define	VERB
cjfa-45164	59	6	as	as	ADP
cjfa-45164	59	7	the	the	DET
cjfa-45164	59	8	number	number	NOUN
cjfa-45164	59	9	of	of	ADP
cjfa-45164	59	10	deposit	deposit	NOUN
cjfa-45164	59	11	accounts	account	NOUN
cjfa-45164	59	12	per	per	ADP
cjfa-45164	59	13	thousand	thousand	NUM
cjfa-45164	59	14	population	population	NOUN
cjfa-45164	59	15	and	and	CCONJ
cjfa-45164	59	16	indicates	indicate	VERB
cjfa-45164	59	17	the	the	DET
cjfa-45164	59	18	accessibility	accessibility	NOUN
cjfa-45164	59	19	of	of	ADP
cjfa-45164	59	20	basic	basic	ADJ
cjfa-45164	59	21	banking	banking	NOUN
cjfa-45164	59	22	services	service	NOUN
cjfa-45164	59	23	like	like	ADP
cjfa-45164	59	24	account	account	NOUN
cjfa-45164	59	25	ownership	ownership	NOUN
cjfa-45164	59	26	,	,	PUNCT
cjfa-45164	59	27	loan	loan	NOUN
cjfa-45164	59	28	,	,	PUNCT
cjfa-45164	59	29	etc	etc	X
cjfa-45164	59	30	.	.	X
cjfa-45164	59	31	(	(	PUNCT
cjfa-45164	59	32	lakshmanasamy	lakshmanasamy	NOUN
cjfa-45164	59	33	,	,	PUNCT
cjfa-45164	59	34	2020	2020	NUM
cjfa-45164	59	35	)	)	PUNCT
cjfa-45164	59	36	.	.	PUNCT
cjfa-45164	60	1	furthermore	furthermore	ADV
cjfa-45164	60	2	,	,	PUNCT
cjfa-45164	60	3	the	the	DET
cjfa-45164	60	4	author	author	NOUN
cjfa-45164	60	5	explains	explain	VERB
cjfa-45164	60	6	loan	loan	NOUN
cjfa-45164	60	7	penetration	penetration	NOUN
cjfa-45164	60	8	(	(	PUNCT
cjfa-45164	60	9	or	or	CCONJ
cjfa-45164	60	10	credit	credit	NOUN
cjfa-45164	60	11	penetration	penetration	NOUN
cjfa-45164	60	12	)	)	PUNCT
cjfa-45164	60	13	as	as	ADP
cjfa-45164	60	14	the	the	DET
cjfa-45164	60	15	number	number	NOUN
cjfa-45164	60	16	of	of	ADP
cjfa-45164	60	17	loans	loan	NOUN
cjfa-45164	60	18	/	/	SYM
cjfa-45164	60	19	credit	credit	NOUN
cjfa-45164	60	20	accounts	account	NOUN
cjfa-45164	60	21	per	per	ADP
cjfa-45164	60	22	thousand	thousand	NUM
cjfa-45164	60	23	population	population	NOUN
cjfa-45164	60	24	and	and	CCONJ
cjfa-45164	60	25	it	it	PRON
cjfa-45164	60	26	indicates	indicate	VERB
cjfa-45164	60	27	the	the	DET
cjfa-45164	60	28	availability	availability	NOUN
cjfa-45164	60	29	of	of	ADP
cjfa-45164	60	30	loans	loan	NOUN
cjfa-45164	60	31	and	and	CCONJ
cjfa-45164	60	32	volume	volume	NOUN
cjfa-45164	60	33	of	of	ADP
cjfa-45164	60	34	credit	credit	NOUN
cjfa-45164	60	35	circulated	circulate	VERB
cjfa-45164	60	36	in	in	ADP
cjfa-45164	60	37	the	the	DET
cjfa-45164	60	38	economy	economy	NOUN
cjfa-45164	60	39	.	.	PUNCT
cjfa-45164	61	1	babarinde	babarinde	ADJ
cjfa-45164	61	2	(	(	PUNCT
cjfa-45164	61	3	2021	2021	NUM
cjfa-45164	61	4	)	)	PUNCT
cjfa-45164	61	5	conceptualizes	conceptualize	VERB
cjfa-45164	61	6	bank	bank	NOUN
cjfa-45164	61	7	penetration	penetration	NOUN
cjfa-45164	61	8	(	(	PUNCT
cjfa-45164	61	9	branch	branch	NOUN
cjfa-45164	61	10	penetration	penetration	NOUN
cjfa-45164	61	11	)	)	PUNCT
cjfa-45164	61	12	as	as	ADP
cjfa-45164	61	13	the	the	DET
cjfa-45164	61	14	number	number	NOUN
cjfa-45164	61	15	of	of	ADP
cjfa-45164	61	16	financial	financial	ADJ
cjfa-45164	61	17	institutions	institution	NOUN
cjfa-45164	61	18	,	,	PUNCT
cjfa-45164	61	19	like	like	ADP
cjfa-45164	61	20	dmbs	dmb	NOUN
cjfa-45164	61	21	in	in	ADP
cjfa-45164	61	22	the	the	DET
cjfa-45164	61	23	economy	economy	NOUN
cjfa-45164	61	24	and	and	CCONJ
cjfa-45164	61	25	it	it	PRON
cjfa-45164	61	26	signifies	signify	VERB
cjfa-45164	61	27	to	to	PART
cjfa-45164	61	28	somewhat	somewhat	ADV
cjfa-45164	61	29	extent	extent	VERB
cjfa-45164	61	30	the	the	DET
cjfa-45164	61	31	availability	availability	NOUN
cjfa-45164	61	32	of	of	ADP
cjfa-45164	61	33	financial	financial	ADJ
cjfa-45164	61	34	services	service	NOUN
cjfa-45164	61	35	in	in	ADP
cjfa-45164	61	36	an	an	DET
cjfa-45164	61	37	economy	economy	NOUN
cjfa-45164	61	38	.	.	PUNCT
cjfa-45164	62	1	theoretical	theoretical	ADJ
cjfa-45164	62	2	literaturetheoretical	literaturetheoretical	ADJ
cjfa-45164	62	3	literature	literature	NOUN
cjfa-45164	62	4	this	this	DET
cjfa-45164	62	5	study	study	NOUN
cjfa-45164	62	6	reviewed	review	VERB
cjfa-45164	62	7	the	the	DET
cjfa-45164	62	8	public	public	ADJ
cjfa-45164	62	9	good	good	ADJ
cjfa-45164	62	10	theory	theory	NOUN
cjfa-45164	62	11	and	and	CCONJ
cjfa-45164	62	12	the	the	DET
cjfa-45164	62	13	systems	system	NOUN
cjfa-45164	62	14	theory	theory	NOUN
cjfa-45164	62	15	of	of	ADP
cjfa-45164	62	16	financial	financial	ADJ
cjfa-45164	62	17	inclusion	inclusion	NOUN
cjfa-45164	62	18	beneficiary	beneficiary	NOUN
cjfa-45164	62	19	propounded	propound	VERB
cjfa-45164	62	20	by	by	ADP
cjfa-45164	62	21	ozili	ozili	NOUN
cjfa-45164	62	22	(	(	PUNCT
cjfa-45164	62	23	2020b	2020b	NUM
cjfa-45164	62	24	)	)	PUNCT
cjfa-45164	62	25	.	.	PUNCT
cjfa-45164	63	1	ozili	ozili	PROPN
cjfa-45164	63	2	’s	’s	PART
cjfa-45164	63	3	(	(	PUNCT
cjfa-45164	63	4	2020b	2020b	NUM
cjfa-45164	63	5	)	)	PUNCT
cjfa-45164	63	6	public	public	ADJ
cjfa-45164	63	7	good	good	ADJ
cjfa-45164	63	8	theory	theory	NOUN
cjfa-45164	63	9	of	of	ADP
cjfa-45164	63	10	financial	financial	ADJ
cjfa-45164	63	11	inclusion	inclusion	NOUN
cjfa-45164	63	12	considers	consider	VERB
cjfa-45164	63	13	financial	financial	ADJ
cjfa-45164	63	14	inclusion	inclusion	NOUN
cjfa-45164	63	15	as	as	ADP
cjfa-45164	63	16	a	a	DET
cjfa-45164	63	17	public	public	ADJ
cjfa-45164	63	18	good	good	NOUN
cjfa-45164	63	19	,	,	PUNCT
cjfa-45164	63	20	such	such	ADJ
cjfa-45164	63	21	that	that	SCONJ
cjfa-45164	63	22	there	there	PRON
cjfa-45164	63	23	is	be	VERB
cjfa-45164	63	24	extension	extension	NOUN
cjfa-45164	63	25	of	of	ADP
cjfa-45164	63	26	formal	formal	ADJ
cjfa-45164	63	27	financial	financial	ADJ
cjfa-45164	63	28	services	service	NOUN
cjfa-45164	63	29	to	to	ADP
cjfa-45164	63	30	the	the	DET
cjfa-45164	63	31	entire	entire	ADJ
cjfa-45164	63	32	population	population	NOUN
cjfa-45164	63	33	and	and	CCONJ
cjfa-45164	63	34	there	there	PRON
cjfa-45164	63	35	is	be	VERB
cjfa-45164	63	36	no	no	DET
cjfa-45164	63	37	restriction	restriction	NOUN
cjfa-45164	63	38	or	or	CCONJ
cjfa-45164	63	39	discrimination	discrimination	NOUN
cjfa-45164	63	40	or	or	CCONJ
cjfa-45164	63	41	exclusivity	exclusivity	NOUN
cjfa-45164	63	42	in	in	ADP
cjfa-45164	63	43	terms	term	NOUN
cjfa-45164	63	44	of	of	ADP
cjfa-45164	63	45	access	access	NOUN
cjfa-45164	63	46	to	to	ADP
cjfa-45164	63	47	finance	finance	NOUN
cjfa-45164	63	48	for	for	ADP
cjfa-45164	63	49	everyone	everyone	PRON
cjfa-45164	63	50	.	.	PUNCT
cjfa-45164	64	1	according	accord	VERB
cjfa-45164	64	2	to	to	ADP
cjfa-45164	64	3	ozili	ozili	NOUN
cjfa-45164	64	4	(	(	PUNCT
cjfa-45164	64	5	2020b	2020b	NUM
cjfa-45164	64	6	)	)	PUNCT
cjfa-45164	64	7	,	,	PUNCT
cjfa-45164	64	8	these	these	DET
cjfa-45164	64	9	services	service	NOUN
cjfa-45164	64	10	should	should	AUX
cjfa-45164	64	11	be	be	AUX
cjfa-45164	64	12	accessed	access	VERB
cjfa-45164	64	13	and	and	CCONJ
cjfa-45164	64	14	made	make	VERB
cjfa-45164	64	15	available	available	ADJ
cjfa-45164	64	16	to	to	ADP
cjfa-45164	64	17	all	all	PRON
cjfa-45164	64	18	without	without	ADP
cjfa-45164	64	19	paying	pay	VERB
cjfa-45164	64	20	for	for	ADP
cjfa-45164	64	21	it	it	PRON
cjfa-45164	64	22	.	.	PUNCT
cjfa-45164	65	1	public	public	ADJ
cjfa-45164	65	2	good	good	ADJ
cjfa-45164	65	3	theory	theory	NOUN
cjfa-45164	65	4	considers	consider	VERB
cjfa-45164	65	5	all	all	DET
cjfa-45164	65	6	members	member	NOUN
cjfa-45164	65	7	as	as	ADP
cjfa-45164	65	8	the	the	DET
cjfa-45164	65	9	potential	potential	ADJ
cjfa-45164	65	10	beneficiary	beneficiary	NOUN
cjfa-45164	65	11	of	of	ADP
cjfa-45164	65	12	financial	financial	ADJ
cjfa-45164	65	13	inclusion	inclusion	NOUN
cjfa-45164	65	14	services	service	NOUN
cjfa-45164	65	15	considered	consider	VERB
cjfa-45164	65	16	to	to	PART
cjfa-45164	65	17	be	be	AUX
cjfa-45164	65	18	a	a	DET
cjfa-45164	65	19	public	public	ADJ
cjfa-45164	65	20	good	good	NOUN
cjfa-45164	65	21	provided	provide	VERB
cjfa-45164	65	22	at	at	ADP
cjfa-45164	65	23	the	the	DET
cjfa-45164	65	24	cost	cost	NOUN
cjfa-45164	65	25	of	of	ADP
cjfa-45164	65	26	the	the	DET
cjfa-45164	65	27	government	government	NOUN
cjfa-45164	65	28	but	but	CCONJ
cjfa-45164	65	29	free	free	ADJ
cjfa-45164	65	30	to	to	ADP
cjfa-45164	65	31	the	the	DET
cjfa-45164	65	32	populace	populace	NOUN
cjfa-45164	65	33	.	.	PUNCT
cjfa-45164	66	1	the	the	DET
cjfa-45164	66	2	systems	system	NOUN
cjfa-45164	66	3	theory	theory	NOUN
cjfa-45164	66	4	of	of	ADP
cjfa-45164	66	5	financial	financial	ADJ
cjfa-45164	66	6	inclusion	inclusion	NOUN
cjfa-45164	66	7	according	accord	VERB
cjfa-45164	66	8	to	to	ADP
cjfa-45164	66	9	ozili	ozili	NOUN
cjfa-45164	66	10	(	(	PUNCT
cjfa-45164	66	11	2020b	2020b	NUM
cjfa-45164	66	12	)	)	PUNCT
cjfa-45164	66	13	implies	imply	VERB
cjfa-45164	66	14	that	that	SCONJ
cjfa-45164	66	15	financial	financial	ADJ
cjfa-45164	66	16	inclusion	inclusion	NOUN
cjfa-45164	66	17	will	will	AUX
cjfa-45164	66	18	improve	improve	VERB
cjfa-45164	66	19	the	the	DET
cjfa-45164	66	20	workings	working	NOUN
cjfa-45164	66	21	of	of	ADP
cjfa-45164	66	22	the	the	DET
cjfa-45164	66	23	sub	sub	NOUN
cjfa-45164	66	24	-	-	NOUN
cjfa-45164	66	25	systems	system	NOUN
cjfa-45164	66	26	it	it	PRON
cjfa-45164	66	27	relies	rely	VERB
cjfa-45164	66	28	on	on	ADP
cjfa-45164	66	29	such	such	ADJ
cjfa-45164	66	30	that	that	SCONJ
cjfa-45164	66	31	the	the	DET
cjfa-45164	66	32	efficiency	efficiency	NOUN
cjfa-45164	66	33	and	and	CCONJ
cjfa-45164	66	34	effectiveness	effectiveness	NOUN
cjfa-45164	66	35	of	of	ADP
cjfa-45164	66	36	the	the	DET
cjfa-45164	66	37	sub	sub	NOUN
cjfa-45164	66	38	-	-	NOUN
cjfa-45164	66	39	systems	system	NOUN
cjfa-45164	66	40	will	will	AUX
cjfa-45164	66	41	determine	determine	VERB
cjfa-45164	66	42	the	the	DET
cjfa-45164	66	43	success	success	NOUN
cjfa-45164	66	44	or	or	CCONJ
cjfa-45164	66	45	failure	failure	NOUN
cjfa-45164	66	46	of	of	ADP
cjfa-45164	66	47	a	a	DET
cjfa-45164	66	48	financial	financial	ADJ
cjfa-45164	66	49	inclusion	inclusion	NOUN
cjfa-45164	66	50	agenda	agenda	NOUN
cjfa-45164	66	51	,	,	PUNCT
cjfa-45164	66	52	and	and	CCONJ
cjfa-45164	66	53	the	the	DET
cjfa-45164	66	54	existing	exist	VERB
cjfa-45164	66	55	sub	sub	ADJ
cjfa-45164	66	56	-	-	ADJ
cjfa-45164	66	57	sys	sys	VERB
cjfa-45164	66	58	g.f	g.f	PROPN
cjfa-45164	66	59	.	.	PROPN
cjfa-45164	66	60	babarinde	babarinde	PROPN
cjfa-45164	66	61	,	,	PUNCT
cjfa-45164	66	62	b.a	b.a	PROPN
cjfa-45164	66	63	.	.	PROPN
cjfa-45164	66	64	daneji	daneji	PROPN
cjfa-45164	66	65	,	,	PUNCT
cjfa-45164	66	66	m.a	m.a	PROPN
cjfa-45164	66	67	.	.	PROPN
cjfa-45164	66	68	jalloh	jalloh	PROPN
cjfa-45164	66	69	,	,	PUNCT
cjfa-45164	66	70	t.i	t.i	PROPN
cjfa-45164	66	71	.	.	PROPN
cjfa-45164	66	72	abdulmajeed1414	abdulmajeed1414	PROPN
cjfa-45164	66	73	tems	tem	NOUN
cjfa-45164	66	74	(	(	PUNCT
cjfa-45164	66	75	economic	economic	ADJ
cjfa-45164	66	76	,	,	PUNCT
cjfa-45164	66	77	financial	financial	ADJ
cjfa-45164	66	78	and	and	CCONJ
cjfa-45164	66	79	social	social	ADJ
cjfa-45164	66	80	)	)	PUNCT
cjfa-45164	66	81	in	in	ADP
cjfa-45164	66	82	a	a	DET
cjfa-45164	66	83	country	country	NOUN
cjfa-45164	66	84	are	be	AUX
cjfa-45164	66	85	the	the	DET
cjfa-45164	66	86	ultimate	ultimate	ADJ
cjfa-45164	66	87	beneficiaries	beneficiary	NOUN
cjfa-45164	66	88	of	of	ADP
cjfa-45164	66	89	financial	financial	ADJ
cjfa-45164	66	90	inclusion	inclusion	NOUN
cjfa-45164	66	91	,	,	PUNCT
cjfa-45164	66	92	under	under	ADP
cjfa-45164	66	93	the	the	DET
cjfa-45164	66	94	systems	system	NOUN
cjfa-45164	66	95	theory	theory	NOUN
cjfa-45164	66	96	perspective	perspective	NOUN
cjfa-45164	66	97	.	.	PUNCT
cjfa-45164	67	1	empirical	empirical	ADJ
cjfa-45164	67	2	literatureempirical	literatureempirical	ADJ
cjfa-45164	67	3	literature	literature	NOUN
cjfa-45164	67	4	migap	migap	PROPN
cjfa-45164	67	5	et	et	PROPN
cjfa-45164	67	6	al	al	PROPN
cjfa-45164	67	7	.	.	PROPN
cjfa-45164	68	1	(	(	PUNCT
cjfa-45164	68	2	2020	2020	NUM
cjfa-45164	68	3	)	)	PUNCT
cjfa-45164	68	4	examine	examine	VERB
cjfa-45164	68	5	the	the	DET
cjfa-45164	68	6	link	link	NOUN
cjfa-45164	68	7	between	between	ADP
cjfa-45164	68	8	financial	financial	ADJ
cjfa-45164	68	9	inclusion	inclusion	NOUN
cjfa-45164	68	10	and	and	CCONJ
cjfa-45164	68	11	capital	capital	NOUN
cjfa-45164	68	12	market	market	NOUN
cjfa-45164	68	13	growth	growth	NOUN
cjfa-45164	68	14	in	in	ADP
cjfa-45164	68	15	nigeria	nigeria	PROPN
cjfa-45164	68	16	.	.	PUNCT
cjfa-45164	69	1	the	the	DET
cjfa-45164	69	2	study	study	NOUN
cjfa-45164	69	3	argues	argue	VERB
cjfa-45164	69	4	that	that	SCONJ
cjfa-45164	69	5	there	there	PRON
cjfa-45164	69	6	is	be	VERB
cjfa-45164	69	7	no	no	DET
cjfa-45164	69	8	causal	causal	ADJ
cjfa-45164	69	9	relationship	relationship	NOUN
cjfa-45164	69	10	between	between	ADP
cjfa-45164	69	11	financial	financial	ADJ
cjfa-45164	69	12	inclusion	inclusion	NOUN
cjfa-45164	69	13	and	and	CCONJ
cjfa-45164	69	14	capital	capital	NOUN
cjfa-45164	69	15	market	market	NOUN
cjfa-45164	69	16	.	.	PUNCT
cjfa-45164	70	1	however	however	ADV
cjfa-45164	70	2	,	,	PUNCT
cjfa-45164	70	3	in	in	ADP
cjfa-45164	70	4	ghana	ghana	PROPN
cjfa-45164	70	5	,	,	PUNCT
cjfa-45164	70	6	akakpo	akakpo	PROPN
cjfa-45164	70	7	(	(	PUNCT
cjfa-45164	70	8	2020	2020	NUM
cjfa-45164	70	9	)	)	PUNCT
cjfa-45164	70	10	investigates	investigate	VERB
cjfa-45164	70	11	the	the	DET
cjfa-45164	70	12	impact	impact	NOUN
cjfa-45164	70	13	of	of	ADP
cjfa-45164	70	14	financial	financial	ADJ
cjfa-45164	70	15	literacy	literacy	NOUN
cjfa-45164	70	16	and	and	CCONJ
cjfa-45164	70	17	financial	financial	ADJ
cjfa-45164	70	18	inclusion	inclusion	NOUN
cjfa-45164	70	19	on	on	ADP
cjfa-45164	70	20	stock	stock	NOUN
cjfa-45164	70	21	market	market	NOUN
cjfa-45164	70	22	participation	participation	NOUN
cjfa-45164	70	23	and	and	CCONJ
cjfa-45164	70	24	found	find	VERB
cjfa-45164	70	25	that	that	SCONJ
cjfa-45164	70	26	financial	financial	ADJ
cjfa-45164	70	27	inclusion	inclusion	NOUN
cjfa-45164	70	28	has	have	VERB
cjfa-45164	70	29	positive	positive	ADJ
cjfa-45164	70	30	significant	significant	ADJ
cjfa-45164	70	31	impact	impact	NOUN
cjfa-45164	70	32	on	on	ADP
cjfa-45164	70	33	stock	stock	NOUN
cjfa-45164	70	34	market	market	NOUN
cjfa-45164	70	35	participation	participation	NOUN
cjfa-45164	70	36	in	in	ADP
cjfa-45164	70	37	the	the	DET
cjfa-45164	70	38	country	country	NOUN
cjfa-45164	70	39	.	.	PUNCT
cjfa-45164	71	1	babarinde	babarinde	ADJ
cjfa-45164	71	2	(	(	PUNCT
cjfa-45164	71	3	2021	2021	NUM
cjfa-45164	71	4	)	)	PUNCT
cjfa-45164	71	5	submits	submit	VERB
cjfa-45164	71	6	that	that	SCONJ
cjfa-45164	71	7	financial	financial	ADJ
cjfa-45164	71	8	inclusion	inclusion	NOUN
cjfa-45164	71	9	exerts	exert	VERB
cjfa-45164	71	10	significant	significant	ADJ
cjfa-45164	71	11	effect	effect	NOUN
cjfa-45164	71	12	on	on	ADP
cjfa-45164	71	13	investment	investment	NOUN
cjfa-45164	71	14	in	in	ADP
cjfa-45164	71	15	nigeria	nigeria	PROPN
cjfa-45164	71	16	.	.	PUNCT
cjfa-45164	72	1	ratnawati	ratnawati	PROPN
cjfa-45164	72	2	(	(	PUNCT
cjfa-45164	72	3	2020	2020	NUM
cjfa-45164	72	4	)	)	PUNCT
cjfa-45164	72	5	examines	examine	VERB
cjfa-45164	72	6	the	the	DET
cjfa-45164	72	7	effect	effect	NOUN
cjfa-45164	72	8	of	of	ADP
cjfa-45164	72	9	financial	financial	ADJ
cjfa-45164	72	10	inclusion	inclusion	NOUN
cjfa-45164	72	11	on	on	ADP
cjfa-45164	72	12	economic	economic	ADJ
cjfa-45164	72	13	growth	growth	NOUN
cjfa-45164	72	14	,	,	PUNCT
cjfa-45164	72	15	poverty	poverty	NOUN
cjfa-45164	72	16	,	,	PUNCT
cjfa-45164	72	17	income	income	NOUN
cjfa-45164	72	18	inequality	inequality	NOUN
cjfa-45164	72	19	,	,	PUNCT
cjfa-45164	72	20	and	and	CCONJ
cjfa-45164	72	21	financial	financial	ADJ
cjfa-45164	72	22	stability	stability	NOUN
cjfa-45164	72	23	in	in	ADP
cjfa-45164	72	24	selected	select	VERB
cjfa-45164	72	25	asian	asian	ADJ
cjfa-45164	72	26	countries	country	NOUN
cjfa-45164	72	27	.	.	PUNCT
cjfa-45164	73	1	the	the	DET
cjfa-45164	73	2	study	study	NOUN
cjfa-45164	73	3	shows	show	VERB
cjfa-45164	73	4	that	that	SCONJ
cjfa-45164	73	5	the	the	DET
cjfa-45164	73	6	partial	partial	ADJ
cjfa-45164	73	7	impact	impact	NOUN
cjfa-45164	73	8	of	of	ADP
cjfa-45164	73	9	financial	financial	ADJ
cjfa-45164	73	10	inclusion	inclusion	NOUN
cjfa-45164	73	11	dimension	dimension	NOUN
cjfa-45164	73	12	on	on	ADP
cjfa-45164	73	13	economic	economic	ADJ
cjfa-45164	73	14	growth	growth	NOUN
cjfa-45164	73	15	,	,	PUNCT
cjfa-45164	73	16	poverty	poverty	NOUN
cjfa-45164	73	17	alleviation	alleviation	NOUN
cjfa-45164	73	18	,	,	PUNCT
cjfa-45164	73	19	income	income	NOUN
cjfa-45164	73	20	inequality	inequality	NOUN
cjfa-45164	73	21	,	,	PUNCT
cjfa-45164	73	22	and	and	CCONJ
cjfa-45164	73	23	financial	financial	ADJ
cjfa-45164	73	24	stability	stability	NOUN
cjfa-45164	73	25	in	in	ADP
cjfa-45164	73	26	most	most	ADJ
cjfa-45164	73	27	asian	asian	ADJ
cjfa-45164	73	28	countries	country	NOUN
cjfa-45164	73	29	of	of	ADP
cjfa-45164	73	30	asia	asia	PROPN
cjfa-45164	73	31	has	have	AUX
cjfa-45164	73	32	not	not	PART
cjfa-45164	73	33	been	be	AUX
cjfa-45164	73	34	optimal	optimal	ADJ
cjfa-45164	73	35	.	.	PUNCT
cjfa-45164	74	1	ofori	ofori	ADJ
cjfa-45164	74	2	-	-	NOUN
cjfa-45164	74	3	abebrese	abebrese	ADJ
cjfa-45164	74	4	et	et	PROPN
cjfa-45164	74	5	al	al	PROPN
cjfa-45164	74	6	.	.	PROPN
cjfa-45164	75	1	(	(	PUNCT
cjfa-45164	75	2	2020	2020	NUM
cjfa-45164	75	3	)	)	PUNCT
cjfa-45164	75	4	estimate	estimate	VERB
cjfa-45164	75	5	the	the	DET
cjfa-45164	75	6	effects	effect	NOUN
cjfa-45164	75	7	of	of	ADP
cjfa-45164	75	8	financial	financial	ADJ
cjfa-45164	75	9	inclusion	inclusion	NOUN
cjfa-45164	75	10	on	on	ADP
cjfa-45164	75	11	welfare	welfare	NOUN
cjfa-45164	75	12	in	in	ADP
cjfa-45164	75	13	33	33	NUM
cjfa-45164	75	14	sub	sub	ADJ
cjfa-45164	75	15	-	-	ADJ
cjfa-45164	75	16	saharan	saharan	ADJ
cjfa-45164	75	17	african	african	ADJ
cjfa-45164	75	18	countries	country	NOUN
cjfa-45164	75	19	.	.	PUNCT
cjfa-45164	76	1	the	the	DET
cjfa-45164	76	2	study	study	NOUN
cjfa-45164	76	3	reveals	reveal	VERB
cjfa-45164	76	4	that	that	SCONJ
cjfa-45164	76	5	financial	financial	ADJ
cjfa-45164	76	6	inclusion	inclusion	NOUN
cjfa-45164	76	7	has	have	VERB
cjfa-45164	76	8	positive	positive	ADJ
cjfa-45164	76	9	effect	effect	NOUN
cjfa-45164	76	10	on	on	ADP
cjfa-45164	76	11	welfare	welfare	NOUN
cjfa-45164	76	12	in	in	ADP
cjfa-45164	76	13	the	the	DET
cjfa-45164	76	14	sub	sub	NOUN
cjfa-45164	76	15	-	-	NOUN
cjfa-45164	76	16	region	region	NOUN
cjfa-45164	76	17	.	.	PUNCT
cjfa-45164	77	1	similarly	similarly	ADV
cjfa-45164	77	2	,	,	PUNCT
cjfa-45164	77	3	ogbeide	ogbeide	ADJ
cjfa-45164	77	4	and	and	CCONJ
cjfa-45164	77	5	igbinigie	igbinigie	NOUN
cjfa-45164	77	6	(	(	PUNCT
cjfa-45164	77	7	2019	2019	NUM
cjfa-45164	77	8	)	)	PUNCT
cjfa-45164	77	9	confirm	confirm	VERB
cjfa-45164	77	10	the	the	DET
cjfa-45164	77	11	significant	significant	ADJ
cjfa-45164	77	12	impact	impact	NOUN
cjfa-45164	77	13	of	of	ADP
cjfa-45164	77	14	financial	financial	ADJ
cjfa-45164	77	15	inclusion	inclusion	NOUN
cjfa-45164	77	16	in	in	ADP
cjfa-45164	77	17	poverty	poverty	NOUN
cjfa-45164	77	18	alleviation	alleviation	NOUN
cjfa-45164	77	19	in	in	ADP
cjfa-45164	77	20	nigeria	nigeria	PROPN
cjfa-45164	77	21	.	.	PUNCT
cjfa-45164	78	1	furthermore	furthermore	ADV
cjfa-45164	78	2	,	,	PUNCT
cjfa-45164	78	3	in	in	ADP
cjfa-45164	78	4	the	the	DET
cjfa-45164	78	5	nigerian	nigerian	ADJ
cjfa-45164	78	6	context	context	NOUN
cjfa-45164	78	7	,	,	PUNCT
cjfa-45164	78	8	okoye	okoye	PROPN
cjfa-45164	78	9	et	et	PROPN
cjfa-45164	78	10	al	al	PROPN
cjfa-45164	78	11	.	.	PUNCT
cjfa-45164	79	1	(	(	PUNCT
cjfa-45164	79	2	2016	2016	NUM
cjfa-45164	79	3	)	)	PUNCT
cjfa-45164	79	4	reported	report	VERB
cjfa-45164	79	5	that	that	SCONJ
cjfa-45164	79	6	financial	financial	ADJ
cjfa-45164	79	7	inclusion	inclusion	NOUN
cjfa-45164	79	8	causes	cause	VERB
cjfa-45164	79	9	poverty	poverty	NOUN
cjfa-45164	79	10	alleviation	alleviation	NOUN
cjfa-45164	79	11	but	but	CCONJ
cjfa-45164	79	12	has	have	VERB
cjfa-45164	79	13	no	no	DET
cjfa-45164	79	14	significant	significant	ADJ
cjfa-45164	79	15	impact	impact	NOUN
cjfa-45164	79	16	on	on	ADP
cjfa-45164	79	17	economic	economic	ADJ
cjfa-45164	79	18	growth	growth	NOUN
cjfa-45164	79	19	in	in	ADP
cjfa-45164	79	20	nigeria	nigeria	PROPN
cjfa-45164	79	21	.	.	PUNCT
cjfa-45164	80	1	in	in	ADP
cjfa-45164	80	2	another	another	DET
cjfa-45164	80	3	study	study	NOUN
cjfa-45164	80	4	,	,	PUNCT
cjfa-45164	80	5	morgan	morgan	PROPN
cjfa-45164	80	6	and	and	CCONJ
cjfa-45164	80	7	pontines	pontine	NOUN
cjfa-45164	80	8	(	(	PUNCT
cjfa-45164	80	9	2014	2014	NUM
cjfa-45164	80	10	)	)	PUNCT
cjfa-45164	80	11	assess	assess	VERB
cjfa-45164	80	12	the	the	DET
cjfa-45164	80	13	relationship	relationship	NOUN
cjfa-45164	80	14	between	between	ADP
cjfa-45164	80	15	financial	financial	ADJ
cjfa-45164	80	16	stability	stability	NOUN
cjfa-45164	80	17	and	and	CCONJ
cjfa-45164	80	18	financial	financial	ADJ
cjfa-45164	80	19	inclusion	inclusion	NOUN
cjfa-45164	80	20	and	and	CCONJ
cjfa-45164	80	21	found	find	VERB
cjfa-45164	80	22	positive	positive	ADJ
cjfa-45164	80	23	effects	effect	NOUN
cjfa-45164	80	24	of	of	ADP
cjfa-45164	80	25	the	the	DET
cjfa-45164	80	26	latter	latter	ADJ
cjfa-45164	80	27	on	on	ADP
cjfa-45164	80	28	the	the	DET
cjfa-45164	80	29	former	former	ADJ
cjfa-45164	80	30	.	.	PROPN
cjfa-45164	80	31	lakshmanasamy	lakshmanasamy	NOUN
cjfa-45164	80	32	(	(	PUNCT
cjfa-45164	80	33	2020	2020	NUM
cjfa-45164	80	34	)	)	PUNCT
cjfa-45164	80	35	examines	examine	VERB
cjfa-45164	80	36	the	the	DET
cjfa-45164	80	37	effects	effect	NOUN
cjfa-45164	80	38	of	of	ADP
cjfa-45164	80	39	the	the	DET
cjfa-45164	80	40	determinants	determinant	NOUN
cjfa-45164	80	41	of	of	ADP
cjfa-45164	80	42	deposit	deposit	NOUN
cjfa-45164	80	43	and	and	CCONJ
cjfa-45164	80	44	credit	credit	NOUN
cjfa-45164	80	45	penetration	penetration	NOUN
cjfa-45164	80	46	in	in	ADP
cjfa-45164	80	47	india	india	PROPN
cjfa-45164	80	48	.	.	PUNCT
cjfa-45164	81	1	the	the	DET
cjfa-45164	81	2	author	author	NOUN
cjfa-45164	81	3	posits	posit	VERB
cjfa-45164	81	4	that	that	SCONJ
cjfa-45164	81	5	in	in	ADP
cjfa-45164	81	6	deposit	deposit	NOUN
cjfa-45164	81	7	penetration	penetration	NOUN
cjfa-45164	81	8	,	,	PUNCT
cjfa-45164	81	9	income	income	NOUN
cjfa-45164	81	10	and	and	CCONJ
cjfa-45164	81	11	industrialization	industrialization	NOUN
cjfa-45164	81	12	plays	play	VERB
cjfa-45164	81	13	a	a	DET
cjfa-45164	81	14	vital	vital	ADJ
cjfa-45164	81	15	role	role	NOUN
cjfa-45164	81	16	in	in	ADP
cjfa-45164	81	17	the	the	DET
cjfa-45164	81	18	states	state	NOUN
cjfa-45164	81	19	of	of	ADP
cjfa-45164	81	20	india	india	PROPN
cjfa-45164	81	21	.	.	PUNCT
cjfa-45164	82	1	further	further	PROPN
cjfa-45164	82	2	findings	finding	NOUN
cjfa-45164	82	3	from	from	ADP
cjfa-45164	82	4	the	the	DET
cjfa-45164	82	5	study	study	NOUN
cjfa-45164	82	6	reveal	reveal	VERB
cjfa-45164	82	7	that	that	SCONJ
cjfa-45164	82	8	population	population	NOUN
cjfa-45164	82	9	density	density	NOUN
cjfa-45164	82	10	and	and	CCONJ
cjfa-45164	82	11	bank	bank	NOUN
cjfa-45164	82	12	branch	branch	NOUN
cjfa-45164	82	13	networking	networking	NOUN
cjfa-45164	82	14	have	have	VERB
cjfa-45164	82	15	implications	implication	NOUN
cjfa-45164	82	16	on	on	ADP
cjfa-45164	82	17	credit	credit	NOUN
cjfa-45164	82	18	penetration	penetration	NOUN
cjfa-45164	82	19	in	in	ADP
cjfa-45164	82	20	the	the	DET
cjfa-45164	82	21	country	country	NOUN
cjfa-45164	82	22	.	.	PUNCT
cjfa-45164	83	1	in	in	ADP
cjfa-45164	83	2	sum	sum	NOUN
cjfa-45164	83	3	,	,	PUNCT
cjfa-45164	83	4	the	the	DET
cjfa-45164	83	5	empirical	empirical	ADJ
cjfa-45164	83	6	review	review	NOUN
cjfa-45164	83	7	technically	technically	ADV
cjfa-45164	83	8	exposes	expose	VERB
cjfa-45164	83	9	the	the	DET
cjfa-45164	83	10	relative	relative	ADJ
cjfa-45164	83	11	scarcity	scarcity	NOUN
cjfa-45164	83	12	of	of	ADP
cjfa-45164	83	13	studies	study	NOUN
cjfa-45164	83	14	on	on	ADP
cjfa-45164	83	15	the	the	DET
cjfa-45164	83	16	financial	financial	ADJ
cjfa-45164	83	17	inclusion	inclusion	NOUN
cjfa-45164	83	18	implications	implication	NOUN
cjfa-45164	83	19	on	on	ADP
cjfa-45164	83	20	capital	capital	NOUN
cjfa-45164	83	21	market	market	NOUN
cjfa-45164	83	22	liquidity	liquidity	NOUN
cjfa-45164	83	23	,	,	PUNCT
cjfa-45164	83	24	most	most	ADV
cjfa-45164	83	25	especially	especially	ADV
cjfa-45164	83	26	in	in	ADP
cjfa-45164	83	27	a	a	DET
cjfa-45164	83	28	developing	develop	VERB
cjfa-45164	83	29	country	country	NOUN
cjfa-45164	83	30	like	like	ADP
cjfa-45164	83	31	nigeria	nigeria	PROPN
cjfa-45164	83	32	.	.	PUNCT
cjfa-45164	84	1	the	the	DET
cjfa-45164	84	2	very	very	ADV
cjfa-45164	84	3	few	few	ADJ
cjfa-45164	84	4	ones	one	NOUN
cjfa-45164	84	5	reported	report	VERB
cjfa-45164	84	6	a	a	DET
cjfa-45164	84	7	divergent	divergent	ADJ
cjfa-45164	84	8	findings	finding	NOUN
cjfa-45164	84	9	of	of	ADP
cjfa-45164	84	10	positive	positive	ADJ
cjfa-45164	84	11	nexus	nexus	NOUN
cjfa-45164	84	12	in	in	ADP
cjfa-45164	84	13	nigeria	nigeria	PROPN
cjfa-45164	84	14	(	(	PUNCT
cjfa-45164	84	15	migap	migap	PROPN
cjfa-45164	84	16	et	et	PROPN
cjfa-45164	84	17	al	al	PROPN
cjfa-45164	84	18	.	.	PROPN
cjfa-45164	84	19	,	,	PUNCT
cjfa-45164	84	20	2020	2020	NUM
cjfa-45164	84	21	)	)	PUNCT
cjfa-45164	84	22	and	and	CCONJ
cjfa-45164	84	23	no	no	DET
cjfa-45164	84	24	causality	causality	NOUN
cjfa-45164	84	25	between	between	ADP
cjfa-45164	84	26	the	the	DET
cjfa-45164	84	27	two	two	NUM
cjfa-45164	84	28	variables	variable	NOUN
cjfa-45164	84	29	in	in	ADP
cjfa-45164	84	30	ghana	ghana	PROPN
cjfa-45164	84	31	(	(	PUNCT
cjfa-45164	84	32	akakpo	akakpo	PROPN
cjfa-45164	84	33	,	,	PUNCT
cjfa-45164	84	34	2020	2020	NUM
cjfa-45164	84	35	)	)	PUNCT
cjfa-45164	84	36	.	.	PUNCT
cjfa-45164	85	1	financial	financial	ADJ
cjfa-45164	85	2	inclusion	inclusion	NOUN
cjfa-45164	85	3	implications	implication	NOUN
cjfa-45164	85	4	on	on	ADP
cjfa-45164	85	5	the	the	DET
cjfa-45164	85	6	liquidity	liquidity	NOUN
cjfa-45164	85	7	…	…	PUNCT
cjfa-45164	85	8	1515	1515	NUM
cjfa-45164	85	9	research	research	NOUN
cjfa-45164	85	10	methodology	methodology	NOUN
cjfa-45164	85	11	and	and	CCONJ
cjfa-45164	85	12	research	research	NOUN
cjfa-45164	85	13	processresearch	processresearch	NOUN
cjfa-45164	85	14	methodology	methodology	NOUN
cjfa-45164	85	15	and	and	CCONJ
cjfa-45164	85	16	research	research	NOUN
cjfa-45164	85	17	process	process	NOUN
cjfa-45164	85	18	research	research	NOUN
cjfa-45164	85	19	design	design	NOUN
cjfa-45164	85	20	and	and	CCONJ
cjfa-45164	85	21	data	datum	NOUN
cjfa-45164	85	22	descriptionresearch	descriptionresearch	ADJ
cjfa-45164	85	23	design	design	NOUN
cjfa-45164	85	24	and	and	CCONJ
cjfa-45164	85	25	data	datum	NOUN
cjfa-45164	85	26	description	description	NOUN
cjfa-45164	85	27	this	this	DET
cjfa-45164	85	28	study	study	NOUN
cjfa-45164	85	29	’s	’s	PART
cjfa-45164	85	30	aim	aim	NOUN
cjfa-45164	85	31	is	be	AUX
cjfa-45164	85	32	to	to	PART
cjfa-45164	85	33	determine	determine	VERB
cjfa-45164	85	34	the	the	DET
cjfa-45164	85	35	implications	implication	NOUN
cjfa-45164	85	36	of	of	ADP
cjfa-45164	85	37	financial	financial	ADJ
cjfa-45164	85	38	inclusion	inclusion	NOUN
cjfa-45164	85	39	on	on	ADP
cjfa-45164	85	40	stock	stock	NOUN
cjfa-45164	85	41	market	market	NOUN
cjfa-45164	85	42	liquidity	liquidity	NOUN
cjfa-45164	85	43	in	in	ADP
cjfa-45164	85	44	nigeria	nigeria	PROPN
cjfa-45164	85	45	based	base	VERB
cjfa-45164	85	46	on	on	ADP
cjfa-45164	85	47	ex	ex	ADJ
cjfa-45164	85	48	-	-	ADJ
cjfa-45164	85	49	post	post	ADJ
cjfa-45164	85	50	facto	facto	X
cjfa-45164	85	51	research	research	NOUN
cjfa-45164	85	52	design	design	NOUN
cjfa-45164	85	53	.	.	PUNCT
cjfa-45164	86	1	the	the	DET
cjfa-45164	86	2	research	research	NOUN
cjfa-45164	86	3	design	design	NOUN
cjfa-45164	86	4	entails	entail	VERB
cjfa-45164	86	5	the	the	DET
cjfa-45164	86	6	use	use	NOUN
cjfa-45164	86	7	historical	historical	ADJ
cjfa-45164	86	8	(	(	PUNCT
cjfa-45164	86	9	past	past	ADJ
cjfa-45164	86	10	)	)	PUNCT
cjfa-45164	86	11	data	datum	NOUN
cjfa-45164	86	12	in	in	ADP
cjfa-45164	86	13	establishing	establish	VERB
cjfa-45164	86	14	the	the	DET
cjfa-45164	86	15	relation	relation	NOUN
cjfa-45164	86	16	between	between	ADP
cjfa-45164	86	17	variables	variable	NOUN
cjfa-45164	86	18	of	of	ADP
cjfa-45164	86	19	interest	interest	NOUN
cjfa-45164	86	20	.	.	PUNCT
cjfa-45164	87	1	hence	hence	ADV
cjfa-45164	87	2	,	,	PUNCT
cjfa-45164	87	3	secondary	secondary	ADJ
cjfa-45164	87	4	data	datum	NOUN
cjfa-45164	87	5	on	on	ADP
cjfa-45164	87	6	quarterly	quarterly	ADJ
cjfa-45164	87	7	basis	basis	NOUN
cjfa-45164	87	8	(	(	PUNCT
cjfa-45164	87	9	2008q1–2018q4	2008q1–2018q4	NUM
cjfa-45164	87	10	)	)	PUNCT
cjfa-45164	87	11	computed	compute	VERB
cjfa-45164	87	12	from	from	ADP
cjfa-45164	87	13	the	the	DET
cjfa-45164	87	14	available	available	ADJ
cjfa-45164	87	15	annual	annual	ADJ
cjfa-45164	87	16	time	time	NOUN
cjfa-45164	87	17	series	series	PROPN
cjfa-45164	87	18	obtained	obtain	VERB
cjfa-45164	87	19	from	from	ADP
cjfa-45164	87	20	central	central	ADJ
cjfa-45164	87	21	bank	bank	PROPN
cjfa-45164	87	22	of	of	ADP
cjfa-45164	87	23	nigeria	nigeria	PROPN
cjfa-45164	87	24	’s	’s	PART
cjfa-45164	87	25	statistical	statistical	ADJ
cjfa-45164	87	26	bulletin	bulletin	NOUN
cjfa-45164	87	27	(	(	PUNCT
cjfa-45164	87	28	2019	2019	NUM
cjfa-45164	87	29	)	)	PUNCT
cjfa-45164	87	30	and	and	CCONJ
cjfa-45164	87	31	world	world	NOUN
cjfa-45164	87	32	development	development	NOUN
cjfa-45164	87	33	indicators	indicator	NOUN
cjfa-45164	87	34	(	(	PUNCT
cjfa-45164	87	35	2019	2019	NUM
cjfa-45164	87	36	)	)	PUNCT
cjfa-45164	87	37	were	be	AUX
cjfa-45164	87	38	used	use	VERB
cjfa-45164	87	39	in	in	ADP
cjfa-45164	87	40	the	the	DET
cjfa-45164	87	41	analysis	analysis	NOUN
cjfa-45164	87	42	of	of	ADP
cjfa-45164	87	43	the	the	DET
cjfa-45164	87	44	financial	financial	ADJ
cjfa-45164	87	45	inclusion	inclusion	NOUN
cjfa-45164	87	46	implications	implication	NOUN
cjfa-45164	87	47	on	on	ADP
cjfa-45164	87	48	capital	capital	NOUN
cjfa-45164	87	49	market	market	NOUN
cjfa-45164	87	50	liquidity	liquidity	NOUN
cjfa-45164	87	51	in	in	ADP
cjfa-45164	87	52	nigeria	nigeria	PROPN
cjfa-45164	87	53	.	.	PUNCT
cjfa-45164	88	1	description	description	NOUN
cjfa-45164	88	2	of	of	ADP
cjfa-45164	88	3	the	the	DET
cjfa-45164	88	4	variables	variable	NOUN
cjfa-45164	88	5	of	of	ADP
cjfa-45164	88	6	studydescription	studydescription	NOUN
cjfa-45164	88	7	of	of	ADP
cjfa-45164	88	8	the	the	DET
cjfa-45164	88	9	variables	variable	NOUN
cjfa-45164	88	10	of	of	ADP
cjfa-45164	88	11	study	study	NOUN
cjfa-45164	88	12	stock	stock	NOUN
cjfa-45164	88	13	market	market	NOUN
cjfa-45164	88	14	turnover	turnover	NOUN
cjfa-45164	88	15	ratio	ratio	NOUN
cjfa-45164	88	16	(	(	PUNCT
cjfa-45164	88	17	smtr	smtr	NOUN
cjfa-45164	88	18	)	)	PUNCT
cjfa-45164	88	19	is	be	AUX
cjfa-45164	88	20	total	total	ADJ
cjfa-45164	88	21	value	value	NOUN
cjfa-45164	88	22	of	of	ADP
cjfa-45164	88	23	shares	share	NOUN
cjfa-45164	88	24	traded	trade	VERB
cjfa-45164	88	25	as	as	ADP
cjfa-45164	88	26	a	a	DET
cjfa-45164	88	27	ratio	ratio	NOUN
cjfa-45164	88	28	of	of	ADP
cjfa-45164	88	29	market	market	NOUN
cjfa-45164	88	30	capitalization	capitalization	NOUN
cjfa-45164	88	31	at	at	ADP
cjfa-45164	88	32	nse	nse	NOUN
cjfa-45164	88	33	(	(	PUNCT
cjfa-45164	88	34	tvst	tvst	NOUN
cjfa-45164	88	35	/	/	SYM
cjfa-45164	88	36	market	market	NOUN
cjfa-45164	88	37	capitalization	capitalization	NOUN
cjfa-45164	88	38	)	)	PUNCT
cjfa-45164	88	39	.	.	PUNCT
cjfa-45164	89	1	this	this	PRON
cjfa-45164	89	2	is	be	AUX
cjfa-45164	89	3	the	the	DET
cjfa-45164	89	4	indicator	indicator	NOUN
cjfa-45164	89	5	of	of	ADP
cjfa-45164	89	6	stock	stock	NOUN
cjfa-45164	89	7	market	market	NOUN
cjfa-45164	89	8	liquidity	liquidity	NOUN
cjfa-45164	89	9	.	.	PUNCT
cjfa-45164	90	1	financial	financial	ADJ
cjfa-45164	90	2	inclusion	inclusion	NOUN
cjfa-45164	90	3	is	be	AUX
cjfa-45164	90	4	operationalized	operationalize	VERB
cjfa-45164	90	5	based	base	VERB
cjfa-45164	90	6	on	on	ADP
cjfa-45164	90	7	three	three	NUM
cjfa-45164	90	8	dimensions	dimension	NOUN
cjfa-45164	90	9	:	:	PUNCT
cjfa-45164	90	10	accessibility	accessibility	NOUN
cjfa-45164	90	11	,	,	PUNCT
cjfa-45164	90	12	affordability	affordability	NOUN
cjfa-45164	90	13	and	and	CCONJ
cjfa-45164	90	14	availability	availability	NOUN
cjfa-45164	90	15	,	,	PUNCT
cjfa-45164	90	16	with	with	ADP
cjfa-45164	90	17	their	their	PRON
cjfa-45164	90	18	respective	respective	ADJ
cjfa-45164	90	19	measures	measure	NOUN
cjfa-45164	90	20	as	as	ADP
cjfa-45164	90	21	commercial	commercial	ADJ
cjfa-45164	90	22	bank	bank	NOUN
cjfa-45164	90	23	branches	branch	NOUN
cjfa-45164	90	24	(	(	PUNCT
cjfa-45164	90	25	per	per	ADP
cjfa-45164	90	26	100,000	100,000	NUM
cjfa-45164	90	27	adults	adult	NOUN
cjfa-45164	90	28	)	)	PUNCT
cjfa-45164	90	29	(	(	PUNCT
cjfa-45164	90	30	that	that	PRON
cjfa-45164	90	31	is	be	AUX
cjfa-45164	90	32	bank	bank	NOUN
cjfa-45164	90	33	penetration	penetration	NOUN
cjfa-45164	90	34	)	)	PUNCT
cjfa-45164	90	35	;	;	PUNCT
cjfa-45164	90	36	borrowers	borrower	NOUN
cjfa-45164	90	37	from	from	ADP
cjfa-45164	90	38	commercial	commercial	ADJ
cjfa-45164	90	39	banks	bank	NOUN
cjfa-45164	90	40	(	(	PUNCT
cjfa-45164	90	41	per	per	ADP
cjfa-45164	90	42	1,000	1,000	NUM
cjfa-45164	90	43	adults	adult	NOUN
cjfa-45164	90	44	)	)	PUNCT
cjfa-45164	90	45	(	(	PUNCT
cjfa-45164	90	46	that	that	PRON
cjfa-45164	90	47	is	be	AUX
cjfa-45164	90	48	credit	credit	NOUN
cjfa-45164	90	49	penetration	penetration	NOUN
cjfa-45164	90	50	)	)	PUNCT
cjfa-45164	90	51	;	;	PUNCT
cjfa-45164	90	52	and	and	CCONJ
cjfa-45164	90	53	depositors	depositor	NOUN
cjfa-45164	90	54	with	with	ADP
cjfa-45164	90	55	commercial	commercial	ADJ
cjfa-45164	90	56	banks	bank	NOUN
cjfa-45164	90	57	(	(	PUNCT
cjfa-45164	90	58	per	per	ADP
cjfa-45164	90	59	1,000	1,000	NUM
cjfa-45164	90	60	adults	adult	NOUN
cjfa-45164	90	61	)	)	PUNCT
cjfa-45164	90	62	(	(	PUNCT
cjfa-45164	90	63	that	that	PRON
cjfa-45164	90	64	is	be	AUX
cjfa-45164	90	65	deposit	deposit	NOUN
cjfa-45164	90	66	penetration	penetration	NOUN
cjfa-45164	90	67	)	)	PUNCT
cjfa-45164	90	68	.	.	PUNCT
cjfa-45164	91	1	the	the	DET
cjfa-45164	91	2	operationalization	operationalization	NOUN
cjfa-45164	91	3	of	of	ADP
cjfa-45164	91	4	the	the	DET
cjfa-45164	91	5	variables	variable	NOUN
cjfa-45164	91	6	of	of	ADP
cjfa-45164	91	7	study	study	NOUN
cjfa-45164	91	8	are	be	AUX
cjfa-45164	91	9	in	in	ADP
cjfa-45164	91	10	line	line	NOUN
cjfa-45164	91	11	with	with	ADP
cjfa-45164	91	12	previous	previous	ADJ
cjfa-45164	91	13	studies	study	NOUN
cjfa-45164	91	14	like	like	ADP
cjfa-45164	91	15	ogbeide	ogbeide	ADJ
cjfa-45164	91	16	and	and	CCONJ
cjfa-45164	91	17	igbinigie	igbinigie	NOUN
cjfa-45164	91	18	(	(	PUNCT
cjfa-45164	91	19	2019	2019	NUM
cjfa-45164	91	20	)	)	PUNCT
cjfa-45164	91	21	,	,	PUNCT
cjfa-45164	91	22	lakshmanasamy	lakshmanasamy	NOUN
cjfa-45164	91	23	(	(	PUNCT
cjfa-45164	91	24	2020	2020	NUM
cjfa-45164	91	25	)	)	PUNCT
cjfa-45164	91	26	,	,	PUNCT
cjfa-45164	91	27	and	and	CCONJ
cjfa-45164	91	28	babarinde	babarinde	VERB
cjfa-45164	91	29	et	et	PROPN
cjfa-45164	91	30	al	al	PROPN
cjfa-45164	91	31	.	.	PROPN
cjfa-45164	92	1	(	(	PUNCT
cjfa-45164	92	2	2021	2021	NUM
cjfa-45164	92	3	)	)	PUNCT
cjfa-45164	92	4	.	.	PUNCT
cjfa-45164	93	1	estimation	estimation	NOUN
cjfa-45164	93	2	technique	technique	NOUN
cjfa-45164	93	3	and	and	CCONJ
cjfa-45164	93	4	proceduresestimation	proceduresestimation	NOUN
cjfa-45164	93	5	technique	technique	NOUN
cjfa-45164	93	6	and	and	CCONJ
cjfa-45164	93	7	procedures	procedure	VERB
cjfa-45164	93	8	financial	financial	ADJ
cjfa-45164	93	9	inclusion	inclusion	NOUN
cjfa-45164	93	10	’s	’s	PART
cjfa-45164	93	11	implication	implication	NOUN
cjfa-45164	93	12	on	on	ADP
cjfa-45164	93	13	the	the	DET
cjfa-45164	93	14	liquidity	liquidity	NOUN
cjfa-45164	93	15	of	of	ADP
cjfa-45164	93	16	capital	capital	NOUN
cjfa-45164	93	17	market	market	NOUN
cjfa-45164	93	18	in	in	ADP
cjfa-45164	93	19	nigeria	nigeria	PROPN
cjfa-45164	93	20	was	be	AUX
cjfa-45164	93	21	examined	examine	VERB
cjfa-45164	93	22	in	in	ADP
cjfa-45164	93	23	this	this	DET
cjfa-45164	93	24	study	study	NOUN
cjfa-45164	93	25	through	through	ADP
cjfa-45164	93	26	the	the	DET
cjfa-45164	93	27	lens	lens	NOUN
cjfa-45164	93	28	of	of	ADP
cjfa-45164	93	29	sims	sim	NOUN
cjfa-45164	93	30	’s	’s	PART
cjfa-45164	93	31	(	(	PUNCT
cjfa-45164	93	32	1980	1980	NUM
cjfa-45164	93	33	)	)	PUNCT
cjfa-45164	93	34	vector	vector	NOUN
cjfa-45164	93	35	autoregression	autoregression	NOUN
cjfa-45164	93	36	(	(	PUNCT
cjfa-45164	93	37	var	var	NOUN
cjfa-45164	93	38	)	)	PUNCT
cjfa-45164	93	39	technique	technique	NOUN
cjfa-45164	93	40	.	.	PUNCT
cjfa-45164	94	1	the	the	DET
cjfa-45164	94	2	choice	choice	NOUN
cjfa-45164	94	3	of	of	ADP
cjfa-45164	94	4	var	var	NOUN
cjfa-45164	94	5	is	be	AUX
cjfa-45164	94	6	justified	justify	VERB
cjfa-45164	94	7	on	on	ADP
cjfa-45164	94	8	the	the	DET
cjfa-45164	94	9	grounds	ground	NOUN
cjfa-45164	94	10	that	that	SCONJ
cjfa-45164	94	11	the	the	DET
cjfa-45164	94	12	technique	technique	NOUN
cjfa-45164	94	13	is	be	AUX
cjfa-45164	94	14	not	not	PART
cjfa-45164	94	15	limited	limit	VERB
cjfa-45164	94	16	by	by	ADP
cjfa-45164	94	17	theory	theory	NOUN
cjfa-45164	94	18	but	but	CCONJ
cjfa-45164	94	19	flexible	flexible	ADJ
cjfa-45164	94	20	and	and	CCONJ
cjfa-45164	94	21	hence	hence	ADV
cjfa-45164	94	22	all	all	DET
cjfa-45164	94	23	variables	variable	NOUN
cjfa-45164	94	24	are	be	AUX
cjfa-45164	94	25	treated	treat	VERB
cjfa-45164	94	26	as	as	ADP
cjfa-45164	94	27	endogenous	endogenous	ADJ
cjfa-45164	94	28	in	in	ADP
cjfa-45164	94	29	the	the	DET
cjfa-45164	94	30	model	model	NOUN
cjfa-45164	94	31	and	and	CCONJ
cjfa-45164	94	32	it	it	PRON
cjfa-45164	94	33	can	can	AUX
cjfa-45164	94	34	also	also	ADV
cjfa-45164	94	35	be	be	AUX
cjfa-45164	94	36	applied	apply	VERB
cjfa-45164	94	37	in	in	ADP
cjfa-45164	94	38	modelling	model	VERB
cjfa-45164	94	39	dynamic	dynamic	ADJ
cjfa-45164	94	40	and	and	CCONJ
cjfa-45164	94	41	interdependent	interdependent	ADJ
cjfa-45164	94	42	relationship	relationship	NOUN
cjfa-45164	94	43	among	among	ADP
cjfa-45164	94	44	variables	variable	NOUN
cjfa-45164	94	45	of	of	ADP
cjfa-45164	94	46	interest	interest	NOUN
cjfa-45164	94	47	(	(	PUNCT
cjfa-45164	94	48	sims	sim	NOUN
cjfa-45164	94	49	,	,	PUNCT
cjfa-45164	94	50	1980	1980	NUM
cjfa-45164	94	51	;	;	PUNCT
cjfa-45164	94	52	lesotho	lesotho	PROPN
cjfa-45164	94	53	,	,	PUNCT
cjfa-45164	94	54	motlaleng	motlaleng	PROPN
cjfa-45164	94	55	&	&	CCONJ
cjfa-45164	94	56	ntsosa	ntsosa	PROPN
cjfa-45164	94	57	,	,	PUNCT
cjfa-45164	94	58	2016	2016	NUM
cjfa-45164	94	59	)	)	PUNCT
cjfa-45164	94	60	.	.	PUNCT
cjfa-45164	95	1	the	the	DET
cjfa-45164	95	2	preliminary	preliminary	ADJ
cjfa-45164	95	3	test	test	NOUN
cjfa-45164	95	4	performed	perform	VERB
cjfa-45164	95	5	before	before	ADP
cjfa-45164	95	6	var	var	PROPN
cjfa-45164	95	7	estimation	estimation	NOUN
cjfa-45164	95	8	proper	proper	ADJ
cjfa-45164	95	9	are	be	AUX
cjfa-45164	95	10	unit	unit	NOUN
cjfa-45164	95	11	root	root	NOUN
cjfa-45164	95	12	test	test	NOUN
cjfa-45164	95	13	and	and	CCONJ
cjfa-45164	95	14	test	test	NOUN
cjfa-45164	95	15	of	of	ADP
cjfa-45164	95	16	cointegration	cointegration	NOUN
cjfa-45164	95	17	.	.	PUNCT
cjfa-45164	96	1	g.f	g.f	PROPN
cjfa-45164	96	2	.	.	PROPN
cjfa-45164	96	3	babarinde	babarinde	PROPN
cjfa-45164	96	4	,	,	PUNCT
cjfa-45164	96	5	b.a	b.a	PROPN
cjfa-45164	96	6	.	.	PROPN
cjfa-45164	96	7	daneji	daneji	PROPN
cjfa-45164	96	8	,	,	PUNCT
cjfa-45164	96	9	m.a	m.a	PROPN
cjfa-45164	96	10	.	.	PROPN
cjfa-45164	96	11	jalloh	jalloh	PROPN
cjfa-45164	96	12	,	,	PUNCT
cjfa-45164	96	13	t.i	t.i	AUX
cjfa-45164	96	14	.	.	PROPN
cjfa-45164	96	15	abdulmajeed1616	abdulmajeed1616	PROPN
cjfa-45164	96	16	time	time	NOUN
cjfa-45164	96	17	series	series	PROPN
cjfa-45164	96	18	data	datum	NOUN
cjfa-45164	96	19	to	to	PART
cjfa-45164	96	20	be	be	AUX
cjfa-45164	96	21	used	use	VERB
cjfa-45164	96	22	are	be	AUX
cjfa-45164	96	23	expected	expect	VERB
cjfa-45164	96	24	to	to	PART
cjfa-45164	96	25	be	be	AUX
cjfa-45164	96	26	stationary	stationary	ADJ
cjfa-45164	96	27	,	,	PUNCT
cjfa-45164	96	28	that	that	ADV
cjfa-45164	96	29	is	is	ADV
cjfa-45164	96	30	,	,	PUNCT
cjfa-45164	96	31	constant	constant	ADJ
cjfa-45164	96	32	variance	variance	NOUN
cjfa-45164	96	33	over	over	ADP
cjfa-45164	96	34	time	time	NOUN
cjfa-45164	96	35	and	and	CCONJ
cjfa-45164	96	36	the	the	DET
cjfa-45164	96	37	covariance	covariance	NOUN
cjfa-45164	96	38	value	value	NOUN
cjfa-45164	96	39	between	between	ADP
cjfa-45164	96	40	the	the	DET
cjfa-45164	96	41	two	two	NUM
cjfa-45164	96	42	time	time	NOUN
cjfa-45164	96	43	periods	period	NOUN
cjfa-45164	96	44	depends	depend	VERB
cjfa-45164	96	45	only	only	ADV
cjfa-45164	96	46	on	on	ADP
cjfa-45164	96	47	the	the	DET
cjfa-45164	96	48	distance	distance	NOUN
cjfa-45164	96	49	or	or	CCONJ
cjfa-45164	96	50	gap	gap	NOUN
cjfa-45164	96	51	or	or	CCONJ
cjfa-45164	96	52	lag	lag	VERB
cjfa-45164	96	53	between	between	ADP
cjfa-45164	96	54	the	the	DET
cjfa-45164	96	55	two	two	NUM
cjfa-45164	96	56	time	time	NOUN
cjfa-45164	96	57	periods	period	NOUN
cjfa-45164	96	58	and	and	CCONJ
cjfa-45164	96	59	not	not	PART
cjfa-45164	96	60	the	the	DET
cjfa-45164	96	61	actual	actual	ADJ
cjfa-45164	96	62	time	time	NOUN
cjfa-45164	96	63	at	at	ADP
cjfa-45164	96	64	which	which	PRON
cjfa-45164	96	65	the	the	DET
cjfa-45164	96	66	covariance	covariance	NOUN
cjfa-45164	96	67	is	be	AUX
cjfa-45164	96	68	computed	compute	VERB
cjfa-45164	96	69	(	(	PUNCT
cjfa-45164	96	70	gujarati	gujarati	PROPN
cjfa-45164	96	71	&	&	CCONJ
cjfa-45164	96	72	porter	porter	PROPN
cjfa-45164	96	73	,	,	PUNCT
cjfa-45164	96	74	2009	2009	NUM
cjfa-45164	96	75	)	)	PUNCT
cjfa-45164	96	76	.	.	PUNCT
cjfa-45164	97	1	therefore	therefore	ADV
cjfa-45164	97	2	,	,	PUNCT
cjfa-45164	97	3	it	it	PRON
cjfa-45164	97	4	is	be	AUX
cjfa-45164	97	5	important	important	ADJ
cjfa-45164	97	6	to	to	PART
cjfa-45164	97	7	check	check	VERB
cjfa-45164	97	8	whether	whether	SCONJ
cjfa-45164	97	9	a	a	DET
cjfa-45164	97	10	series	series	NOUN
cjfa-45164	97	11	is	be	AUX
cjfa-45164	97	12	stationary	stationary	ADJ
cjfa-45164	97	13	or	or	CCONJ
cjfa-45164	97	14	not	not	PART
cjfa-45164	97	15	before	before	ADP
cjfa-45164	97	16	using	use	VERB
cjfa-45164	97	17	it	it	PRON
cjfa-45164	97	18	in	in	ADP
cjfa-45164	97	19	a	a	DET
cjfa-45164	97	20	regression	regression	NOUN
cjfa-45164	97	21	.	.	PUNCT
cjfa-45164	98	1	in	in	ADP
cjfa-45164	98	2	evaluating	evaluate	VERB
cjfa-45164	98	3	the	the	DET
cjfa-45164	98	4	unit	unit	NOUN
cjfa-45164	98	5	root	root	NOUN
cjfa-45164	98	6	property	property	NOUN
cjfa-45164	98	7	of	of	ADP
cjfa-45164	98	8	the	the	DET
cjfa-45164	98	9	time	time	NOUN
cjfa-45164	98	10	series	series	NOUN
cjfa-45164	98	11	,	,	PUNCT
cjfa-45164	98	12	the	the	DET
cjfa-45164	98	13	augmented	augment	VERB
cjfa-45164	98	14	dickey	dickey	NOUN
cjfa-45164	98	15	-	-	PUNCT
cjfa-45164	98	16	fuller	full	ADJ
cjfa-45164	98	17	(	(	PUNCT
cjfa-45164	98	18	adf	adf	NOUN
cjfa-45164	98	19	)	)	PUNCT
cjfa-45164	98	20	unit	unit	NOUN
cjfa-45164	98	21	root	root	NOUN
cjfa-45164	98	22	test	test	NOUN
cjfa-45164	98	23	was	be	AUX
cjfa-45164	98	24	conducted	conduct	VERB
cjfa-45164	98	25	to	to	PART
cjfa-45164	98	26	determine	determine	VERB
cjfa-45164	98	27	the	the	DET
cjfa-45164	98	28	stationarity	stationarity	NOUN
cjfa-45164	98	29	or	or	CCONJ
cjfa-45164	98	30	otherwise	otherwise	ADV
cjfa-45164	98	31	of	of	ADP
cjfa-45164	98	32	each	each	DET
cjfa-45164	98	33	variable	variable	NOUN
cjfa-45164	98	34	as	as	ADV
cjfa-45164	98	35	well	well	ADV
cjfa-45164	98	36	as	as	ADP
cjfa-45164	98	37	ascertain	ascertain	VERB
cjfa-45164	98	38	the	the	DET
cjfa-45164	98	39	level	level	NOUN
cjfa-45164	98	40	of	of	ADP
cjfa-45164	98	41	integration	integration	NOUN
cjfa-45164	98	42	of	of	ADP
cjfa-45164	98	43	the	the	DET
cjfa-45164	98	44	variables	variable	NOUN
cjfa-45164	98	45	.	.	PUNCT
cjfa-45164	99	1	however	however	ADV
cjfa-45164	99	2	,	,	PUNCT
cjfa-45164	99	3	if	if	SCONJ
cjfa-45164	99	4	the	the	DET
cjfa-45164	99	5	time	time	NOUN
cjfa-45164	99	6	series	series	PROPN
cjfa-45164	99	7	are	be	AUX
cjfa-45164	99	8	found	find	VERB
cjfa-45164	99	9	to	to	PART
cjfa-45164	99	10	be	be	AUX
cjfa-45164	99	11	non	non	ADJ
cjfa-45164	99	12	-	-	ADJ
cjfa-45164	99	13	stationary	stationary	ADJ
cjfa-45164	99	14	,	,	PUNCT
cjfa-45164	99	15	the	the	DET
cjfa-45164	99	16	order	order	NOUN
cjfa-45164	99	17	of	of	ADP
cjfa-45164	99	18	integration	integration	NOUN
cjfa-45164	99	19	is	be	AUX
cjfa-45164	99	20	ascertained	ascertain	VERB
cjfa-45164	99	21	and	and	CCONJ
cjfa-45164	99	22	the	the	DET
cjfa-45164	99	23	stationary	stationary	ADJ
cjfa-45164	99	24	form	form	NOUN
cjfa-45164	99	25	of	of	ADP
cjfa-45164	99	26	the	the	DET
cjfa-45164	99	27	variable	variable	NOUN
cjfa-45164	99	28	is	be	AUX
cjfa-45164	99	29	added	add	VERB
cjfa-45164	99	30	to	to	ADP
cjfa-45164	99	31	the	the	DET
cjfa-45164	99	32	var	var	NOUN
cjfa-45164	99	33	model	model	NOUN
cjfa-45164	99	34	(	(	PUNCT
cjfa-45164	99	35	garcıa	garcıa	ADJ
cjfa-45164	99	36	-	-	PUNCT
cjfa-45164	99	37	ascanio	ascanio	PROPN
cjfa-45164	99	38	&	&	CCONJ
cjfa-45164	99	39	mate	mate	NOUN
cjfa-45164	99	40	,	,	PUNCT
cjfa-45164	99	41	2010	2010	NUM
cjfa-45164	99	42	)	)	PUNCT
cjfa-45164	99	43	.	.	PUNCT
cjfa-45164	100	1	the	the	DET
cjfa-45164	100	2	adf	adf	PROPN
cjfa-45164	100	3	is	be	AUX
cjfa-45164	100	4	expressed	express	VERB
cjfa-45164	100	5	as	as	ADP
cjfa-45164	100	6	in	in	ADP
cjfa-45164	100	7	equation	equation	NOUN
cjfa-45164	100	8	(	(	PUNCT
cjfa-45164	100	9	1	1	NUM
cjfa-45164	100	10	):	):	PUNCT
cjfa-45164	100	11	time	time	NOUN
cjfa-45164	100	12	series	series	PROPN
cjfa-45164	100	13	data	datum	NOUN
cjfa-45164	100	14	to	to	PART
cjfa-45164	100	15	be	be	AUX
cjfa-45164	100	16	used	use	VERB
cjfa-45164	100	17	are	be	AUX
cjfa-45164	100	18	expected	expect	VERB
cjfa-45164	100	19	to	to	PART
cjfa-45164	100	20	be	be	AUX
cjfa-45164	100	21	stationary	stationary	ADJ
cjfa-45164	100	22	,	,	PUNCT
cjfa-45164	100	23	that	that	ADV
cjfa-45164	100	24	is	is	ADV
cjfa-45164	100	25	,	,	PUNCT
cjfa-45164	100	26	constant	constant	ADJ
cjfa-45164	100	27	variance	variance	NOUN
cjfa-45164	100	28	over	over	ADP
cjfa-45164	100	29	time	time	NOUN
cjfa-45164	100	30	and	and	CCONJ
cjfa-45164	100	31	the	the	DET
cjfa-45164	100	32	covariance	covariance	NOUN
cjfa-45164	100	33	value	value	NOUN
cjfa-45164	100	34	between	between	ADP
cjfa-45164	100	35	the	the	DET
cjfa-45164	100	36	two	two	NUM
cjfa-45164	100	37	time	time	NOUN
cjfa-45164	100	38	periods	period	NOUN
cjfa-45164	100	39	depends	depend	VERB
cjfa-45164	100	40	only	only	ADV
cjfa-45164	100	41	on	on	ADP
cjfa-45164	100	42	the	the	DET
cjfa-45164	100	43	distance	distance	NOUN
cjfa-45164	100	44	or	or	CCONJ
cjfa-45164	100	45	gap	gap	NOUN
cjfa-45164	100	46	or	or	CCONJ
cjfa-45164	100	47	lag	lag	VERB
cjfa-45164	100	48	between	between	ADP
cjfa-45164	100	49	the	the	DET
cjfa-45164	100	50	two	two	NUM
cjfa-45164	100	51	time	time	NOUN
cjfa-45164	100	52	periods	period	NOUN
cjfa-45164	100	53	and	and	CCONJ
cjfa-45164	100	54	not	not	PART
cjfa-45164	100	55	the	the	DET
cjfa-45164	100	56	actual	actual	ADJ
cjfa-45164	100	57	time	time	NOUN
cjfa-45164	100	58	at	at	ADP
cjfa-45164	100	59	which	which	PRON
cjfa-45164	100	60	the	the	DET
cjfa-45164	100	61	covariance	covariance	NOUN
cjfa-45164	100	62	is	be	AUX
cjfa-45164	100	63	computed	compute	VERB
cjfa-45164	100	64	(	(	PUNCT
cjfa-45164	100	65	gujarati	gujarati	PROPN
cjfa-45164	100	66	&	&	CCONJ
cjfa-45164	100	67	porter	porter	PROPN
cjfa-45164	100	68	,	,	PUNCT
cjfa-45164	100	69	2009	2009	NUM
cjfa-45164	100	70	)	)	PUNCT
cjfa-45164	100	71	.	.	PUNCT
cjfa-45164	101	1	therefore	therefore	ADV
cjfa-45164	101	2	,	,	PUNCT
cjfa-45164	101	3	it	it	PRON
cjfa-45164	101	4	is	be	AUX
cjfa-45164	101	5	important	important	ADJ
cjfa-45164	101	6	to	to	PART
cjfa-45164	101	7	check	check	VERB
cjfa-45164	101	8	whether	whether	SCONJ
cjfa-45164	101	9	a	a	DET
cjfa-45164	101	10	series	series	NOUN
cjfa-45164	101	11	is	be	AUX
cjfa-45164	101	12	stationary	stationary	ADJ
cjfa-45164	101	13	or	or	CCONJ
cjfa-45164	101	14	not	not	PART
cjfa-45164	101	15	before	before	ADP
cjfa-45164	101	16	using	use	VERB
cjfa-45164	101	17	it	it	PRON
cjfa-45164	101	18	in	in	ADP
cjfa-45164	101	19	a	a	DET
cjfa-45164	101	20	regression	regression	NOUN
cjfa-45164	101	21	.	.	PUNCT
cjfa-45164	102	1	in	in	ADP
cjfa-45164	102	2	evaluating	evaluate	VERB
cjfa-45164	102	3	the	the	DET
cjfa-45164	102	4	unit	unit	NOUN
cjfa-45164	102	5	root	root	NOUN
cjfa-45164	102	6	property	property	NOUN
cjfa-45164	102	7	of	of	ADP
cjfa-45164	102	8	the	the	DET
cjfa-45164	102	9	time	time	NOUN
cjfa-45164	102	10	series	series	NOUN
cjfa-45164	102	11	,	,	PUNCT
cjfa-45164	102	12	the	the	DET
cjfa-45164	102	13	augmented	augment	VERB
cjfa-45164	102	14	dickey	dickey	NOUN
cjfa-45164	102	15	-	-	PUNCT
cjfa-45164	102	16	fuller	full	ADJ
cjfa-45164	102	17	(	(	PUNCT
cjfa-45164	102	18	adf	adf	NOUN
cjfa-45164	102	19	)	)	PUNCT
cjfa-45164	102	20	unit	unit	NOUN
cjfa-45164	102	21	root	root	NOUN
cjfa-45164	102	22	test	test	NOUN
cjfa-45164	102	23	was	be	AUX
cjfa-45164	102	24	conducted	conduct	VERB
cjfa-45164	102	25	to	to	PART
cjfa-45164	102	26	determine	determine	VERB
cjfa-45164	102	27	the	the	DET
cjfa-45164	102	28	stationarity	stationarity	NOUN
cjfa-45164	102	29	or	or	CCONJ
cjfa-45164	102	30	otherwise	otherwise	ADV
cjfa-45164	102	31	of	of	ADP
cjfa-45164	102	32	each	each	DET
cjfa-45164	102	33	variable	variable	NOUN
cjfa-45164	102	34	as	as	ADV
cjfa-45164	102	35	well	well	ADV
cjfa-45164	102	36	as	as	ADP
cjfa-45164	102	37	ascertain	ascertain	VERB
cjfa-45164	102	38	the	the	DET
cjfa-45164	102	39	level	level	NOUN
cjfa-45164	102	40	of	of	ADP
cjfa-45164	102	41	integration	integration	NOUN
cjfa-45164	102	42	of	of	ADP
cjfa-45164	102	43	the	the	DET
cjfa-45164	102	44	variables	variable	NOUN
cjfa-45164	102	45	.	.	PUNCT
cjfa-45164	103	1	however	however	ADV
cjfa-45164	103	2	,	,	PUNCT
cjfa-45164	103	3	if	if	SCONJ
cjfa-45164	103	4	the	the	DET
cjfa-45164	103	5	time	time	NOUN
cjfa-45164	103	6	series	series	PROPN
cjfa-45164	103	7	are	be	AUX
cjfa-45164	103	8	found	find	VERB
cjfa-45164	103	9	to	to	PART
cjfa-45164	103	10	be	be	AUX
cjfa-45164	103	11	non	non	ADJ
cjfa-45164	103	12	-	-	ADJ
cjfa-45164	103	13	stationary	stationary	ADJ
cjfa-45164	103	14	,	,	PUNCT
cjfa-45164	103	15	the	the	DET
cjfa-45164	103	16	order	order	NOUN
cjfa-45164	103	17	of	of	ADP
cjfa-45164	103	18	integration	integration	NOUN
cjfa-45164	103	19	is	be	AUX
cjfa-45164	103	20	ascertained	ascertain	VERB
cjfa-45164	103	21	and	and	CCONJ
cjfa-45164	103	22	the	the	DET
cjfa-45164	103	23	stationary	stationary	ADJ
cjfa-45164	103	24	form	form	NOUN
cjfa-45164	103	25	of	of	ADP
cjfa-45164	103	26	the	the	DET
cjfa-45164	103	27	variable	variable	NOUN
cjfa-45164	103	28	is	be	AUX
cjfa-45164	103	29	added	add	VERB
cjfa-45164	103	30	to	to	ADP
cjfa-45164	103	31	the	the	DET
cjfa-45164	103	32	var	var	NOUN
cjfa-45164	103	33	model	model	NOUN
cjfa-45164	103	34	(	(	PUNCT
cjfa-45164	103	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	103	36	&	&	CCONJ
cjfa-45164	103	37	mate	mate	NOUN
cjfa-45164	103	38	,	,	PUNCT
cjfa-45164	103	39	2010	2010	NUM
cjfa-45164	103	40	)	)	PUNCT
cjfa-45164	103	41	.	.	PUNCT
cjfa-45164	104	1	the	the	DET
cjfa-45164	104	2	adf	adf	PROPN
cjfa-45164	104	3	is	be	AUX
cjfa-45164	104	4	expressed	express	VERB
cjfa-45164	104	5	as	as	ADP
cjfa-45164	104	6	in	in	ADP
cjfa-45164	104	7	equation	equation	NOUN
cjfa-45164	104	8	(	(	PUNCT
cjfa-45164	104	9	1	1	NUM
cjfa-45164	104	10	):	):	PUNCT
cjfa-45164	104	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	104	12	�	�	PROPN
cjfa-45164	104	13	�	�	PROPN
cjfa-45164	104	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	105	1	�	�	PROPN
cjfa-45164	105	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	105	3	�	�	PROPN
cjfa-45164	105	4	�	�	PROPN
cjfa-45164	105	5	�	�	PROPN
cjfa-45164	105	6	�	�	PROPN
cjfa-45164	105	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	105	8	�	�	PROPN
cjfa-45164	105	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	105	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	105	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	105	12	�	�	PROPN
cjfa-45164	105	13	�	�	PROPN
cjfa-45164	105	14	�	�	PROPN
cjfa-45164	105	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	105	16	�	�	PROPN
cjfa-45164	105	17	1	1	NUM
cjfa-45164	105	18	�	�	PROPN
cjfa-45164	105	19	the	the	DET
cjfa-45164	105	20	null	null	ADJ
cjfa-45164	105	21	(	(	PUNCT
cjfa-45164	105	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	105	23	�	�	PROPN
cjfa-45164	105	24	)	)	PUNCT
cjfa-45164	105	25	and	and	CCONJ
cjfa-45164	105	26	alternative	alternative	ADJ
cjfa-45164	105	27	(	(	PUNCT
cjfa-45164	105	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	105	29	�	�	PROPN
cjfa-45164	105	30	)	)	PUNCT
cjfa-45164	105	31	hypotheses	hypothesis	NOUN
cjfa-45164	105	32	of	of	ADP
cjfa-45164	105	33	the	the	DET
cjfa-45164	105	34	adf	adf	PROPN
cjfa-45164	105	35	unit	unit	NOUN
cjfa-45164	105	36	root	root	PROPN
cjfa-45164	105	37	test	test	NOUN
cjfa-45164	105	38	are	be	AUX
cjfa-45164	105	39	stated	state	VERB
cjfa-45164	105	40	thus	thus	ADV
cjfa-45164	105	41	:	:	PUNCT
cjfa-45164	105	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	105	43	�	�	PROPN
cjfa-45164	105	44	:	:	PUNCT
cjfa-45164	105	45	ø	ø	PROPN
cjfa-45164	105	46	�	�	PROPN
cjfa-45164	105	47	0	0	NUM
cjfa-45164	105	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	105	49	�	�	PROPN
cjfa-45164	105	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	105	51	,	,	PUNCT
cjfa-45164	105	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	105	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	105	54	,	,	PUNCT
cjfa-45164	105	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	105	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	105	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	105	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	105	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	105	60	�	�	PROPN
cjfa-45164	105	61	:	:	PUNCT
cjfa-45164	105	62	ø	ø	PROPN
cjfa-45164	105	63	�	�	PROPN
cjfa-45164	105	64	0	0	NUM
cjfa-45164	105	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	105	66	,	,	PUNCT
cjfa-45164	105	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	105	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	105	69	,	,	PUNCT
cjfa-45164	105	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	105	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	105	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	105	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	105	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	105	75	after	after	ADP
cjfa-45164	105	76	ascertaining	ascertain	VERB
cjfa-45164	105	77	the	the	DET
cjfa-45164	105	78	unit	unit	NOUN
cjfa-45164	105	79	root	root	NOUN
cjfa-45164	105	80	property	property	NOUN
cjfa-45164	105	81	of	of	ADP
cjfa-45164	105	82	the	the	DET
cjfa-45164	105	83	series	series	NOUN
cjfa-45164	105	84	,	,	PUNCT
cjfa-45164	105	85	this	this	DET
cjfa-45164	105	86	study	study	NOUN
cjfa-45164	105	87	performed	perform	VERB
cjfa-45164	105	88	test	test	NOUN
cjfa-45164	105	89	of	of	ADP
cjfa-45164	105	90	cointegration	cointegration	NOUN
cjfa-45164	105	91	among	among	ADP
cjfa-45164	105	92	the	the	DET
cjfa-45164	105	93	series	series	NOUN
cjfa-45164	105	94	.	.	PUNCT
cjfa-45164	106	1	cointegration	cointegration	NOUN
cjfa-45164	106	2	is	be	AUX
cjfa-45164	106	3	a	a	DET
cjfa-45164	106	4	measure	measure	NOUN
cjfa-45164	106	5	of	of	ADP
cjfa-45164	106	6	long	long	ADJ
cjfa-45164	106	7	-	-	PUNCT
cjfa-45164	106	8	run	run	NOUN
cjfa-45164	106	9	relationship	relationship	NOUN
cjfa-45164	106	10	or	or	CCONJ
cjfa-45164	106	11	equilibrium	equilibrium	NOUN
cjfa-45164	106	12	between	between	ADP
cjfa-45164	106	13	variables	variable	NOUN
cjfa-45164	106	14	which	which	PRON
cjfa-45164	106	15	are	be	AUX
cjfa-45164	106	16	individually	individually	ADV
cjfa-45164	106	17	non	non	ADJ
cjfa-45164	106	18	-	-	ADJ
cjfa-45164	106	19	stationary	stationary	ADJ
cjfa-45164	106	20	.	.	PUNCT
cjfa-45164	107	1	to	to	PART
cjfa-45164	107	2	ascertain	ascertain	VERB
cjfa-45164	107	3	whether	whether	SCONJ
cjfa-45164	107	4	or	or	CCONJ
cjfa-45164	107	5	not	not	PART
cjfa-45164	107	6	there	there	PRON
cjfa-45164	107	7	is	be	VERB
cjfa-45164	107	8	cointegration	cointegration	NOUN
cjfa-45164	107	9	,	,	PUNCT
cjfa-45164	107	10	the	the	DET
cjfa-45164	107	11	johansen	johansen	PROPN
cjfa-45164	107	12	and	and	CCONJ
cjfa-45164	107	13	juselius	juselius	PROPN
cjfa-45164	107	14	cointegration	cointegration	NOUN
cjfa-45164	107	15	test	test	NOUN
cjfa-45164	107	16	was	be	AUX
cjfa-45164	107	17	conducted	conduct	VERB
cjfa-45164	107	18	.	.	PUNCT
cjfa-45164	108	1	the	the	DET
cjfa-45164	108	2	johansen	johansen	PROPN
cjfa-45164	108	3	and	and	CCONJ
cjfa-45164	108	4	juselius	juselius	NOUN
cjfa-45164	108	5	cointegration	cointegration	NOUN
cjfa-45164	108	6	test	test	NOUN
cjfa-45164	108	7	.	.	PUNCT
cjfa-45164	108	8	is	be	AUX
cjfa-45164	108	9	only	only	ADV
cjfa-45164	108	10	applicable	applicable	ADJ
cjfa-45164	108	11	to	to	ADP
cjfa-45164	108	12	variables	variable	NOUN
cjfa-45164	108	13	that	that	PRON
cjfa-45164	108	14	are	be	AUX
cjfa-45164	108	15	nonstationary	nonstationary	ADJ
cjfa-45164	108	16	and	and	CCONJ
cjfa-45164	108	17	are	be	AUX
cjfa-45164	108	18	integrated	integrate	VERB
cjfa-45164	108	19	of	of	ADP
cjfa-45164	108	20	the	the	DET
cjfa-45164	108	21	same	same	ADJ
cjfa-45164	108	22	order	order	NOUN
cjfa-45164	108	23	one	one	NUM
cjfa-45164	108	24	(	(	PUNCT
cjfa-45164	108	25	gujarati	gujarati	PROPN
cjfa-45164	108	26	&	&	CCONJ
cjfa-45164	108	27	porter	porter	PROPN
cjfa-45164	108	28	,	,	PUNCT
cjfa-45164	108	29	2018	2018	NUM
cjfa-45164	108	30	)	)	PUNCT
cjfa-45164	108	31	.	.	PUNCT
cjfa-45164	109	1	the	the	DET
cjfa-45164	109	2	johansen	johansen	PROPN
cjfa-45164	109	3	(	(	PUNCT
cjfa-45164	109	4	1991	1991	NUM
cjfa-45164	109	5	)	)	PUNCT
cjfa-45164	109	6	’s	’s	PART
cjfa-45164	109	7	cointegration	cointegration	NOUN
cjfa-45164	109	8	model	model	NOUN
cjfa-45164	109	9	is	be	AUX
cjfa-45164	109	10	specified	specify	VERB
cjfa-45164	109	11	in	in	ADP
cjfa-45164	109	12	equations	equation	NOUN
cjfa-45164	109	13	(	(	PUNCT
cjfa-45164	109	14	2	2	NUM
cjfa-45164	109	15	)	)	PUNCT
cjfa-45164	109	16	to	to	SCONJ
cjfa-45164	109	17	(	(	PUNCT
cjfa-45164	109	18	4	4	NUM
cjfa-45164	109	19	):	):	PUNCT
cjfa-45164	109	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	109	21	�	�	PROPN
cjfa-45164	109	22	�	�	PROPN
cjfa-45164	109	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	109	24	�	�	PROPN
cjfa-45164	109	25	�	�	PROPN
cjfa-45164	109	26	�	�	PROPN
cjfa-45164	109	27	�	�	PROPN
cjfa-45164	109	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	109	29	�	�	PROPN
cjfa-45164	109	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	109	31	�	�	PROPN
cjfa-45164	109	32	ß	ß	PRON
cjfa-45164	109	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	109	34	�	�	PROPN
cjfa-45164	109	35	�	�	PROPN
cjfa-45164	109	36	�	�	PROPN
cjfa-45164	109	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	109	38	�	�	PROPN
cjfa-45164	109	39	�	�	PROPN
cjfa-45164	109	40	�	�	PROPN
cjfa-45164	109	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	109	42	�	�	PROPN
cjfa-45164	109	43	2	2	NUM
cjfa-45164	109	44	�	�	PROPN
cjfa-45164	109	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	109	46	�	�	PROPN
cjfa-45164	109	47	�	�	PROPN
cjfa-45164	109	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	109	49	�	�	PROPN
cjfa-45164	109	50	�	�	PROPN
cjfa-45164	109	51	�	�	PROPN
cjfa-45164	109	52	�	�	PROPN
cjfa-45164	109	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	109	54	�	�	PROPN
cjfa-45164	109	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	109	56	�	�	PROPN
cjfa-45164	109	57	ß	ß	PRON
cjfa-45164	109	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	109	59	�	�	PROPN
cjfa-45164	109	60	�	�	PROPN
cjfa-45164	109	61	�	�	PROPN
cjfa-45164	109	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	109	63	�	�	PROPN
cjfa-45164	109	64	�	�	PROPN
cjfa-45164	109	65	�	�	PROPN
cjfa-45164	109	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	109	67	�	�	PROPN
cjfa-45164	109	68	3	3	NUM
cjfa-45164	109	69	�	�	PROPN
cjfa-45164	109	70	time	time	NOUN
cjfa-45164	109	71	series	series	PROPN
cjfa-45164	109	72	data	datum	NOUN
cjfa-45164	109	73	to	to	PART
cjfa-45164	109	74	be	be	AUX
cjfa-45164	109	75	used	use	VERB
cjfa-45164	109	76	are	be	AUX
cjfa-45164	109	77	expected	expect	VERB
cjfa-45164	109	78	to	to	PART
cjfa-45164	109	79	be	be	AUX
cjfa-45164	109	80	stationary	stationary	ADJ
cjfa-45164	109	81	,	,	PUNCT
cjfa-45164	109	82	that	that	ADV
cjfa-45164	109	83	is	is	ADV
cjfa-45164	109	84	,	,	PUNCT
cjfa-45164	109	85	constant	constant	ADJ
cjfa-45164	109	86	variance	variance	NOUN
cjfa-45164	109	87	over	over	ADP
cjfa-45164	109	88	time	time	NOUN
cjfa-45164	109	89	and	and	CCONJ
cjfa-45164	109	90	the	the	DET
cjfa-45164	109	91	covariance	covariance	NOUN
cjfa-45164	109	92	value	value	NOUN
cjfa-45164	109	93	between	between	ADP
cjfa-45164	109	94	the	the	DET
cjfa-45164	109	95	two	two	NUM
cjfa-45164	109	96	time	time	NOUN
cjfa-45164	109	97	periods	period	NOUN
cjfa-45164	109	98	depends	depend	VERB
cjfa-45164	109	99	only	only	ADV
cjfa-45164	109	100	on	on	ADP
cjfa-45164	109	101	the	the	DET
cjfa-45164	109	102	distance	distance	NOUN
cjfa-45164	109	103	or	or	CCONJ
cjfa-45164	109	104	gap	gap	NOUN
cjfa-45164	109	105	or	or	CCONJ
cjfa-45164	109	106	lag	lag	VERB
cjfa-45164	109	107	between	between	ADP
cjfa-45164	109	108	the	the	DET
cjfa-45164	109	109	two	two	NUM
cjfa-45164	109	110	time	time	NOUN
cjfa-45164	109	111	periods	period	NOUN
cjfa-45164	109	112	and	and	CCONJ
cjfa-45164	109	113	not	not	PART
cjfa-45164	109	114	the	the	DET
cjfa-45164	109	115	actual	actual	ADJ
cjfa-45164	109	116	time	time	NOUN
cjfa-45164	109	117	at	at	ADP
cjfa-45164	109	118	which	which	PRON
cjfa-45164	109	119	the	the	DET
cjfa-45164	109	120	covariance	covariance	NOUN
cjfa-45164	109	121	is	be	AUX
cjfa-45164	109	122	computed	compute	VERB
cjfa-45164	109	123	(	(	PUNCT
cjfa-45164	109	124	gujarati	gujarati	PROPN
cjfa-45164	109	125	&	&	CCONJ
cjfa-45164	109	126	porter	porter	PROPN
cjfa-45164	109	127	,	,	PUNCT
cjfa-45164	109	128	2009	2009	NUM
cjfa-45164	109	129	)	)	PUNCT
cjfa-45164	109	130	.	.	PUNCT
cjfa-45164	110	1	therefore	therefore	ADV
cjfa-45164	110	2	,	,	PUNCT
cjfa-45164	110	3	it	it	PRON
cjfa-45164	110	4	is	be	AUX
cjfa-45164	110	5	important	important	ADJ
cjfa-45164	110	6	to	to	PART
cjfa-45164	110	7	check	check	VERB
cjfa-45164	110	8	whether	whether	SCONJ
cjfa-45164	110	9	a	a	DET
cjfa-45164	110	10	series	series	NOUN
cjfa-45164	110	11	is	be	AUX
cjfa-45164	110	12	stationary	stationary	ADJ
cjfa-45164	110	13	or	or	CCONJ
cjfa-45164	110	14	not	not	PART
cjfa-45164	110	15	before	before	ADP
cjfa-45164	110	16	using	use	VERB
cjfa-45164	110	17	it	it	PRON
cjfa-45164	110	18	in	in	ADP
cjfa-45164	110	19	a	a	DET
cjfa-45164	110	20	regression	regression	NOUN
cjfa-45164	110	21	.	.	PUNCT
cjfa-45164	111	1	in	in	ADP
cjfa-45164	111	2	evaluating	evaluate	VERB
cjfa-45164	111	3	the	the	DET
cjfa-45164	111	4	unit	unit	NOUN
cjfa-45164	111	5	root	root	NOUN
cjfa-45164	111	6	property	property	NOUN
cjfa-45164	111	7	of	of	ADP
cjfa-45164	111	8	the	the	DET
cjfa-45164	111	9	time	time	NOUN
cjfa-45164	111	10	series	series	NOUN
cjfa-45164	111	11	,	,	PUNCT
cjfa-45164	111	12	the	the	DET
cjfa-45164	111	13	augmented	augment	VERB
cjfa-45164	111	14	dickey	dickey	NOUN
cjfa-45164	111	15	-	-	PUNCT
cjfa-45164	111	16	fuller	full	ADJ
cjfa-45164	111	17	(	(	PUNCT
cjfa-45164	111	18	adf	adf	NOUN
cjfa-45164	111	19	)	)	PUNCT
cjfa-45164	111	20	unit	unit	NOUN
cjfa-45164	111	21	root	root	NOUN
cjfa-45164	111	22	test	test	NOUN
cjfa-45164	111	23	was	be	AUX
cjfa-45164	111	24	conducted	conduct	VERB
cjfa-45164	111	25	to	to	PART
cjfa-45164	111	26	determine	determine	VERB
cjfa-45164	111	27	the	the	DET
cjfa-45164	111	28	stationarity	stationarity	NOUN
cjfa-45164	111	29	or	or	CCONJ
cjfa-45164	111	30	otherwise	otherwise	ADV
cjfa-45164	111	31	of	of	ADP
cjfa-45164	111	32	each	each	DET
cjfa-45164	111	33	variable	variable	NOUN
cjfa-45164	111	34	as	as	ADV
cjfa-45164	111	35	well	well	ADV
cjfa-45164	111	36	as	as	ADP
cjfa-45164	111	37	ascertain	ascertain	VERB
cjfa-45164	111	38	the	the	DET
cjfa-45164	111	39	level	level	NOUN
cjfa-45164	111	40	of	of	ADP
cjfa-45164	111	41	integration	integration	NOUN
cjfa-45164	111	42	of	of	ADP
cjfa-45164	111	43	the	the	DET
cjfa-45164	111	44	variables	variable	NOUN
cjfa-45164	111	45	.	.	PUNCT
cjfa-45164	112	1	however	however	ADV
cjfa-45164	112	2	,	,	PUNCT
cjfa-45164	112	3	if	if	SCONJ
cjfa-45164	112	4	the	the	DET
cjfa-45164	112	5	time	time	NOUN
cjfa-45164	112	6	series	series	PROPN
cjfa-45164	112	7	are	be	AUX
cjfa-45164	112	8	found	find	VERB
cjfa-45164	112	9	to	to	PART
cjfa-45164	112	10	be	be	AUX
cjfa-45164	112	11	non	non	ADJ
cjfa-45164	112	12	-	-	ADJ
cjfa-45164	112	13	stationary	stationary	ADJ
cjfa-45164	112	14	,	,	PUNCT
cjfa-45164	112	15	the	the	DET
cjfa-45164	112	16	order	order	NOUN
cjfa-45164	112	17	of	of	ADP
cjfa-45164	112	18	integration	integration	NOUN
cjfa-45164	112	19	is	be	AUX
cjfa-45164	112	20	ascertained	ascertain	VERB
cjfa-45164	112	21	and	and	CCONJ
cjfa-45164	112	22	the	the	DET
cjfa-45164	112	23	stationary	stationary	ADJ
cjfa-45164	112	24	form	form	NOUN
cjfa-45164	112	25	of	of	ADP
cjfa-45164	112	26	the	the	DET
cjfa-45164	112	27	variable	variable	NOUN
cjfa-45164	112	28	is	be	AUX
cjfa-45164	112	29	added	add	VERB
cjfa-45164	112	30	to	to	ADP
cjfa-45164	112	31	the	the	DET
cjfa-45164	112	32	var	var	NOUN
cjfa-45164	112	33	model	model	NOUN
cjfa-45164	112	34	(	(	PUNCT
cjfa-45164	112	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	112	36	&	&	CCONJ
cjfa-45164	112	37	mate	mate	NOUN
cjfa-45164	112	38	,	,	PUNCT
cjfa-45164	112	39	2010	2010	NUM
cjfa-45164	112	40	)	)	PUNCT
cjfa-45164	112	41	.	.	PUNCT
cjfa-45164	113	1	the	the	DET
cjfa-45164	113	2	adf	adf	PROPN
cjfa-45164	113	3	is	be	AUX
cjfa-45164	113	4	expressed	express	VERB
cjfa-45164	113	5	as	as	ADP
cjfa-45164	113	6	in	in	ADP
cjfa-45164	113	7	equation	equation	NOUN
cjfa-45164	113	8	(	(	PUNCT
cjfa-45164	113	9	1	1	NUM
cjfa-45164	113	10	):	):	PUNCT
cjfa-45164	113	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	113	12	�	�	PROPN
cjfa-45164	113	13	�	�	PROPN
cjfa-45164	113	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	114	1	�	�	PROPN
cjfa-45164	114	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	114	3	�	�	PROPN
cjfa-45164	114	4	�	�	PROPN
cjfa-45164	114	5	�	�	PROPN
cjfa-45164	114	6	�	�	PROPN
cjfa-45164	114	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	114	8	�	�	PROPN
cjfa-45164	114	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	114	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	114	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	114	12	�	�	PROPN
cjfa-45164	114	13	�	�	PROPN
cjfa-45164	114	14	�	�	PROPN
cjfa-45164	114	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	114	16	�	�	PROPN
cjfa-45164	114	17	1	1	NUM
cjfa-45164	114	18	�	�	PROPN
cjfa-45164	114	19	the	the	DET
cjfa-45164	114	20	null	null	ADJ
cjfa-45164	114	21	(	(	PUNCT
cjfa-45164	114	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	114	23	�	�	PROPN
cjfa-45164	114	24	)	)	PUNCT
cjfa-45164	114	25	and	and	CCONJ
cjfa-45164	114	26	alternative	alternative	ADJ
cjfa-45164	114	27	(	(	PUNCT
cjfa-45164	114	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	114	29	�	�	PROPN
cjfa-45164	114	30	)	)	PUNCT
cjfa-45164	114	31	hypotheses	hypothesis	NOUN
cjfa-45164	114	32	of	of	ADP
cjfa-45164	114	33	the	the	DET
cjfa-45164	114	34	adf	adf	PROPN
cjfa-45164	114	35	unit	unit	NOUN
cjfa-45164	114	36	root	root	PROPN
cjfa-45164	114	37	test	test	NOUN
cjfa-45164	114	38	are	be	AUX
cjfa-45164	114	39	stated	state	VERB
cjfa-45164	114	40	thus	thus	ADV
cjfa-45164	114	41	:	:	PUNCT
cjfa-45164	114	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	114	43	�	�	PROPN
cjfa-45164	114	44	:	:	PUNCT
cjfa-45164	114	45	ø	ø	PROPN
cjfa-45164	114	46	�	�	PROPN
cjfa-45164	114	47	0	0	NUM
cjfa-45164	114	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	114	49	�	�	PROPN
cjfa-45164	114	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	114	51	,	,	PUNCT
cjfa-45164	114	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	114	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	114	54	,	,	PUNCT
cjfa-45164	114	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	114	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	114	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	114	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	114	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	114	60	�	�	PROPN
cjfa-45164	114	61	:	:	PUNCT
cjfa-45164	114	62	ø	ø	PROPN
cjfa-45164	114	63	�	�	PROPN
cjfa-45164	114	64	0	0	NUM
cjfa-45164	114	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	114	66	,	,	PUNCT
cjfa-45164	114	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	114	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	114	69	,	,	PUNCT
cjfa-45164	114	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	114	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	114	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	114	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	114	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	114	75	after	after	ADP
cjfa-45164	114	76	ascertaining	ascertain	VERB
cjfa-45164	114	77	the	the	DET
cjfa-45164	114	78	unit	unit	NOUN
cjfa-45164	114	79	root	root	NOUN
cjfa-45164	114	80	property	property	NOUN
cjfa-45164	114	81	of	of	ADP
cjfa-45164	114	82	the	the	DET
cjfa-45164	114	83	series	series	NOUN
cjfa-45164	114	84	,	,	PUNCT
cjfa-45164	114	85	this	this	DET
cjfa-45164	114	86	study	study	NOUN
cjfa-45164	114	87	performed	perform	VERB
cjfa-45164	114	88	test	test	NOUN
cjfa-45164	114	89	of	of	ADP
cjfa-45164	114	90	cointegration	cointegration	NOUN
cjfa-45164	114	91	among	among	ADP
cjfa-45164	114	92	the	the	DET
cjfa-45164	114	93	series	series	NOUN
cjfa-45164	114	94	.	.	PUNCT
cjfa-45164	115	1	cointegration	cointegration	NOUN
cjfa-45164	115	2	is	be	AUX
cjfa-45164	115	3	a	a	DET
cjfa-45164	115	4	measure	measure	NOUN
cjfa-45164	115	5	of	of	ADP
cjfa-45164	115	6	long	long	ADJ
cjfa-45164	115	7	-	-	PUNCT
cjfa-45164	115	8	run	run	NOUN
cjfa-45164	115	9	relationship	relationship	NOUN
cjfa-45164	115	10	or	or	CCONJ
cjfa-45164	115	11	equilibrium	equilibrium	NOUN
cjfa-45164	115	12	between	between	ADP
cjfa-45164	115	13	variables	variable	NOUN
cjfa-45164	115	14	which	which	PRON
cjfa-45164	115	15	are	be	AUX
cjfa-45164	115	16	individually	individually	ADV
cjfa-45164	115	17	non	non	ADJ
cjfa-45164	115	18	-	-	ADJ
cjfa-45164	115	19	stationary	stationary	ADJ
cjfa-45164	115	20	.	.	PUNCT
cjfa-45164	116	1	to	to	PART
cjfa-45164	116	2	ascertain	ascertain	VERB
cjfa-45164	116	3	whether	whether	SCONJ
cjfa-45164	116	4	or	or	CCONJ
cjfa-45164	116	5	not	not	PART
cjfa-45164	116	6	there	there	PRON
cjfa-45164	116	7	is	be	VERB
cjfa-45164	116	8	cointegration	cointegration	NOUN
cjfa-45164	116	9	,	,	PUNCT
cjfa-45164	116	10	the	the	DET
cjfa-45164	116	11	johansen	johansen	PROPN
cjfa-45164	116	12	and	and	CCONJ
cjfa-45164	116	13	juselius	juselius	PROPN
cjfa-45164	116	14	cointegration	cointegration	NOUN
cjfa-45164	116	15	test	test	NOUN
cjfa-45164	116	16	was	be	AUX
cjfa-45164	116	17	conducted	conduct	VERB
cjfa-45164	116	18	.	.	PUNCT
cjfa-45164	117	1	the	the	DET
cjfa-45164	117	2	johansen	johansen	PROPN
cjfa-45164	117	3	and	and	CCONJ
cjfa-45164	117	4	juselius	juselius	NOUN
cjfa-45164	117	5	cointegration	cointegration	NOUN
cjfa-45164	117	6	test	test	NOUN
cjfa-45164	117	7	.	.	PUNCT
cjfa-45164	117	8	is	be	AUX
cjfa-45164	117	9	only	only	ADV
cjfa-45164	117	10	applicable	applicable	ADJ
cjfa-45164	117	11	to	to	ADP
cjfa-45164	117	12	variables	variable	NOUN
cjfa-45164	117	13	that	that	PRON
cjfa-45164	117	14	are	be	AUX
cjfa-45164	117	15	nonstationary	nonstationary	ADJ
cjfa-45164	117	16	and	and	CCONJ
cjfa-45164	117	17	are	be	AUX
cjfa-45164	117	18	integrated	integrate	VERB
cjfa-45164	117	19	of	of	ADP
cjfa-45164	117	20	the	the	DET
cjfa-45164	117	21	same	same	ADJ
cjfa-45164	117	22	order	order	NOUN
cjfa-45164	117	23	one	one	NUM
cjfa-45164	117	24	(	(	PUNCT
cjfa-45164	117	25	gujarati	gujarati	PROPN
cjfa-45164	117	26	&	&	CCONJ
cjfa-45164	117	27	porter	porter	PROPN
cjfa-45164	117	28	,	,	PUNCT
cjfa-45164	117	29	2018	2018	NUM
cjfa-45164	117	30	)	)	PUNCT
cjfa-45164	117	31	.	.	PUNCT
cjfa-45164	118	1	the	the	DET
cjfa-45164	118	2	johansen	johansen	PROPN
cjfa-45164	118	3	(	(	PUNCT
cjfa-45164	118	4	1991	1991	NUM
cjfa-45164	118	5	)	)	PUNCT
cjfa-45164	118	6	’s	’s	PART
cjfa-45164	118	7	cointegration	cointegration	NOUN
cjfa-45164	118	8	model	model	NOUN
cjfa-45164	118	9	is	be	AUX
cjfa-45164	118	10	specified	specify	VERB
cjfa-45164	118	11	in	in	ADP
cjfa-45164	118	12	equations	equation	NOUN
cjfa-45164	118	13	(	(	PUNCT
cjfa-45164	118	14	2	2	NUM
cjfa-45164	118	15	)	)	PUNCT
cjfa-45164	118	16	to	to	ADP
cjfa-45164	118	17	(	(	PUNCT
cjfa-45164	118	18	4	4	NUM
cjfa-45164	118	19	):	):	PUNCT
cjfa-45164	118	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	118	21	�	�	PROPN
cjfa-45164	118	22	�	�	PROPN
cjfa-45164	118	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	118	24	�	�	PROPN
cjfa-45164	118	25	�	�	PROPN
cjfa-45164	118	26	�	�	PROPN
cjfa-45164	118	27	�	�	PROPN
cjfa-45164	118	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	118	29	�	�	PROPN
cjfa-45164	118	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	118	31	�	�	PROPN
cjfa-45164	118	32	ß	ß	PRON
cjfa-45164	118	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	118	34	�	�	PROPN
cjfa-45164	118	35	�	�	PROPN
cjfa-45164	118	36	�	�	PROPN
cjfa-45164	118	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	118	38	�	�	PROPN
cjfa-45164	118	39	�	�	PROPN
cjfa-45164	118	40	�	�	PROPN
cjfa-45164	118	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	118	42	�	�	PROPN
cjfa-45164	118	43	2	2	NUM
cjfa-45164	118	44	�	�	PROPN
cjfa-45164	118	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	118	46	�	�	PROPN
cjfa-45164	118	47	�	�	PROPN
cjfa-45164	118	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	118	49	�	�	PROPN
cjfa-45164	118	50	�	�	PROPN
cjfa-45164	118	51	�	�	PROPN
cjfa-45164	118	52	�	�	PROPN
cjfa-45164	118	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	118	54	�	�	PROPN
cjfa-45164	118	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	118	56	�	�	PROPN
cjfa-45164	118	57	ß	ß	PRON
cjfa-45164	118	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	118	59	�	�	PROPN
cjfa-45164	118	60	�	�	PROPN
cjfa-45164	118	61	�	�	PROPN
cjfa-45164	118	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	118	63	�	�	PROPN
cjfa-45164	118	64	�	�	PROPN
cjfa-45164	118	65	�	�	PROPN
cjfa-45164	118	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	118	67	�	�	PROPN
cjfa-45164	118	68	3	3	NUM
cjfa-45164	118	69	�	�	PROPN
cjfa-45164	118	70	(	(	PUNCT
cjfa-45164	118	71	1	1	NUM
cjfa-45164	118	72	)	)	PUNCT
cjfa-45164	118	73	the	the	DET
cjfa-45164	118	74	null	null	ADJ
cjfa-45164	118	75	(	(	PUNCT
cjfa-45164	118	76	ho	ho	ADJ
cjfa-45164	118	77	)	)	PUNCT
cjfa-45164	118	78	and	and	CCONJ
cjfa-45164	118	79	alternative	alternative	ADJ
cjfa-45164	118	80	(	(	PUNCT
cjfa-45164	118	81	h1	h1	NOUN
cjfa-45164	118	82	)	)	PUNCT
cjfa-45164	118	83	hypotheses	hypothesis	NOUN
cjfa-45164	118	84	of	of	ADP
cjfa-45164	118	85	the	the	DET
cjfa-45164	118	86	adf	adf	PROPN
cjfa-45164	118	87	unit	unit	NOUN
cjfa-45164	118	88	root	root	PROPN
cjfa-45164	118	89	test	test	NOUN
cjfa-45164	118	90	are	be	AUX
cjfa-45164	118	91	stated	state	VERB
cjfa-45164	118	92	thus	thus	ADV
cjfa-45164	118	93	:	:	PUNCT
cjfa-45164	118	94	time	time	NOUN
cjfa-45164	118	95	series	series	PROPN
cjfa-45164	118	96	data	datum	NOUN
cjfa-45164	118	97	to	to	PART
cjfa-45164	118	98	be	be	AUX
cjfa-45164	118	99	used	use	VERB
cjfa-45164	118	100	are	be	AUX
cjfa-45164	118	101	expected	expect	VERB
cjfa-45164	118	102	to	to	PART
cjfa-45164	118	103	be	be	AUX
cjfa-45164	118	104	stationary	stationary	ADJ
cjfa-45164	118	105	,	,	PUNCT
cjfa-45164	118	106	that	that	ADV
cjfa-45164	118	107	is	is	ADV
cjfa-45164	118	108	,	,	PUNCT
cjfa-45164	118	109	constant	constant	ADJ
cjfa-45164	118	110	variance	variance	NOUN
cjfa-45164	118	111	over	over	ADP
cjfa-45164	118	112	time	time	NOUN
cjfa-45164	118	113	and	and	CCONJ
cjfa-45164	118	114	the	the	DET
cjfa-45164	118	115	covariance	covariance	NOUN
cjfa-45164	118	116	value	value	NOUN
cjfa-45164	118	117	between	between	ADP
cjfa-45164	118	118	the	the	DET
cjfa-45164	118	119	two	two	NUM
cjfa-45164	118	120	time	time	NOUN
cjfa-45164	118	121	periods	period	NOUN
cjfa-45164	118	122	depends	depend	VERB
cjfa-45164	118	123	only	only	ADV
cjfa-45164	118	124	on	on	ADP
cjfa-45164	118	125	the	the	DET
cjfa-45164	118	126	distance	distance	NOUN
cjfa-45164	118	127	or	or	CCONJ
cjfa-45164	118	128	gap	gap	NOUN
cjfa-45164	118	129	or	or	CCONJ
cjfa-45164	118	130	lag	lag	VERB
cjfa-45164	118	131	between	between	ADP
cjfa-45164	118	132	the	the	DET
cjfa-45164	118	133	two	two	NUM
cjfa-45164	118	134	time	time	NOUN
cjfa-45164	118	135	periods	period	NOUN
cjfa-45164	118	136	and	and	CCONJ
cjfa-45164	118	137	not	not	PART
cjfa-45164	118	138	the	the	DET
cjfa-45164	118	139	actual	actual	ADJ
cjfa-45164	118	140	time	time	NOUN
cjfa-45164	118	141	at	at	ADP
cjfa-45164	118	142	which	which	PRON
cjfa-45164	118	143	the	the	DET
cjfa-45164	118	144	covariance	covariance	NOUN
cjfa-45164	118	145	is	be	AUX
cjfa-45164	118	146	computed	compute	VERB
cjfa-45164	118	147	(	(	PUNCT
cjfa-45164	118	148	gujarati	gujarati	PROPN
cjfa-45164	118	149	&	&	CCONJ
cjfa-45164	118	150	porter	porter	PROPN
cjfa-45164	118	151	,	,	PUNCT
cjfa-45164	118	152	2009	2009	NUM
cjfa-45164	118	153	)	)	PUNCT
cjfa-45164	118	154	.	.	PUNCT
cjfa-45164	119	1	therefore	therefore	ADV
cjfa-45164	119	2	,	,	PUNCT
cjfa-45164	119	3	it	it	PRON
cjfa-45164	119	4	is	be	AUX
cjfa-45164	119	5	important	important	ADJ
cjfa-45164	119	6	to	to	PART
cjfa-45164	119	7	check	check	VERB
cjfa-45164	119	8	whether	whether	SCONJ
cjfa-45164	119	9	a	a	DET
cjfa-45164	119	10	series	series	NOUN
cjfa-45164	119	11	is	be	AUX
cjfa-45164	119	12	stationary	stationary	ADJ
cjfa-45164	119	13	or	or	CCONJ
cjfa-45164	119	14	not	not	PART
cjfa-45164	119	15	before	before	ADP
cjfa-45164	119	16	using	use	VERB
cjfa-45164	119	17	it	it	PRON
cjfa-45164	119	18	in	in	ADP
cjfa-45164	119	19	a	a	DET
cjfa-45164	119	20	regression	regression	NOUN
cjfa-45164	119	21	.	.	PUNCT
cjfa-45164	120	1	in	in	ADP
cjfa-45164	120	2	evaluating	evaluate	VERB
cjfa-45164	120	3	the	the	DET
cjfa-45164	120	4	unit	unit	NOUN
cjfa-45164	120	5	root	root	NOUN
cjfa-45164	120	6	property	property	NOUN
cjfa-45164	120	7	of	of	ADP
cjfa-45164	120	8	the	the	DET
cjfa-45164	120	9	time	time	NOUN
cjfa-45164	120	10	series	series	NOUN
cjfa-45164	120	11	,	,	PUNCT
cjfa-45164	120	12	the	the	DET
cjfa-45164	120	13	augmented	augment	VERB
cjfa-45164	120	14	dickey	dickey	NOUN
cjfa-45164	120	15	-	-	PUNCT
cjfa-45164	120	16	fuller	full	ADJ
cjfa-45164	120	17	(	(	PUNCT
cjfa-45164	120	18	adf	adf	NOUN
cjfa-45164	120	19	)	)	PUNCT
cjfa-45164	120	20	unit	unit	NOUN
cjfa-45164	120	21	root	root	NOUN
cjfa-45164	120	22	test	test	NOUN
cjfa-45164	120	23	was	be	AUX
cjfa-45164	120	24	conducted	conduct	VERB
cjfa-45164	120	25	to	to	PART
cjfa-45164	120	26	determine	determine	VERB
cjfa-45164	120	27	the	the	DET
cjfa-45164	120	28	stationarity	stationarity	NOUN
cjfa-45164	120	29	or	or	CCONJ
cjfa-45164	120	30	otherwise	otherwise	ADV
cjfa-45164	120	31	of	of	ADP
cjfa-45164	120	32	each	each	DET
cjfa-45164	120	33	variable	variable	NOUN
cjfa-45164	120	34	as	as	ADV
cjfa-45164	120	35	well	well	ADV
cjfa-45164	120	36	as	as	ADP
cjfa-45164	120	37	ascertain	ascertain	VERB
cjfa-45164	120	38	the	the	DET
cjfa-45164	120	39	level	level	NOUN
cjfa-45164	120	40	of	of	ADP
cjfa-45164	120	41	integration	integration	NOUN
cjfa-45164	120	42	of	of	ADP
cjfa-45164	120	43	the	the	DET
cjfa-45164	120	44	variables	variable	NOUN
cjfa-45164	120	45	.	.	PUNCT
cjfa-45164	121	1	however	however	ADV
cjfa-45164	121	2	,	,	PUNCT
cjfa-45164	121	3	if	if	SCONJ
cjfa-45164	121	4	the	the	DET
cjfa-45164	121	5	time	time	NOUN
cjfa-45164	121	6	series	series	PROPN
cjfa-45164	121	7	are	be	AUX
cjfa-45164	121	8	found	find	VERB
cjfa-45164	121	9	to	to	PART
cjfa-45164	121	10	be	be	AUX
cjfa-45164	121	11	non	non	ADJ
cjfa-45164	121	12	-	-	ADJ
cjfa-45164	121	13	stationary	stationary	ADJ
cjfa-45164	121	14	,	,	PUNCT
cjfa-45164	121	15	the	the	DET
cjfa-45164	121	16	order	order	NOUN
cjfa-45164	121	17	of	of	ADP
cjfa-45164	121	18	integration	integration	NOUN
cjfa-45164	121	19	is	be	AUX
cjfa-45164	121	20	ascertained	ascertain	VERB
cjfa-45164	121	21	and	and	CCONJ
cjfa-45164	121	22	the	the	DET
cjfa-45164	121	23	stationary	stationary	ADJ
cjfa-45164	121	24	form	form	NOUN
cjfa-45164	121	25	of	of	ADP
cjfa-45164	121	26	the	the	DET
cjfa-45164	121	27	variable	variable	NOUN
cjfa-45164	121	28	is	be	AUX
cjfa-45164	121	29	added	add	VERB
cjfa-45164	121	30	to	to	ADP
cjfa-45164	121	31	the	the	DET
cjfa-45164	121	32	var	var	NOUN
cjfa-45164	121	33	model	model	NOUN
cjfa-45164	121	34	(	(	PUNCT
cjfa-45164	121	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	121	36	&	&	CCONJ
cjfa-45164	121	37	mate	mate	NOUN
cjfa-45164	121	38	,	,	PUNCT
cjfa-45164	121	39	2010	2010	NUM
cjfa-45164	121	40	)	)	PUNCT
cjfa-45164	121	41	.	.	PUNCT
cjfa-45164	122	1	the	the	DET
cjfa-45164	122	2	adf	adf	PROPN
cjfa-45164	122	3	is	be	AUX
cjfa-45164	122	4	expressed	express	VERB
cjfa-45164	122	5	as	as	ADP
cjfa-45164	122	6	in	in	ADP
cjfa-45164	122	7	equation	equation	NOUN
cjfa-45164	122	8	(	(	PUNCT
cjfa-45164	122	9	1	1	NUM
cjfa-45164	122	10	):	):	PUNCT
cjfa-45164	122	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	122	12	�	�	PROPN
cjfa-45164	122	13	�	�	PROPN
cjfa-45164	122	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	123	1	�	�	PROPN
cjfa-45164	123	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	123	3	�	�	PROPN
cjfa-45164	123	4	�	�	PROPN
cjfa-45164	123	5	�	�	PROPN
cjfa-45164	123	6	�	�	PROPN
cjfa-45164	123	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	123	8	�	�	PROPN
cjfa-45164	123	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	123	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	123	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	123	12	�	�	PROPN
cjfa-45164	123	13	�	�	PROPN
cjfa-45164	123	14	�	�	PROPN
cjfa-45164	123	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	123	16	�	�	PROPN
cjfa-45164	123	17	1	1	NUM
cjfa-45164	123	18	�	�	PROPN
cjfa-45164	123	19	the	the	DET
cjfa-45164	123	20	null	null	ADJ
cjfa-45164	123	21	(	(	PUNCT
cjfa-45164	123	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	123	23	�	�	PROPN
cjfa-45164	123	24	)	)	PUNCT
cjfa-45164	123	25	and	and	CCONJ
cjfa-45164	123	26	alternative	alternative	ADJ
cjfa-45164	123	27	(	(	PUNCT
cjfa-45164	123	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	123	29	�	�	PROPN
cjfa-45164	123	30	)	)	PUNCT
cjfa-45164	123	31	hypotheses	hypothesis	NOUN
cjfa-45164	123	32	of	of	ADP
cjfa-45164	123	33	the	the	DET
cjfa-45164	123	34	adf	adf	PROPN
cjfa-45164	123	35	unit	unit	NOUN
cjfa-45164	123	36	root	root	PROPN
cjfa-45164	123	37	test	test	NOUN
cjfa-45164	123	38	are	be	AUX
cjfa-45164	123	39	stated	state	VERB
cjfa-45164	123	40	thus	thus	ADV
cjfa-45164	123	41	:	:	PUNCT
cjfa-45164	123	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	123	43	�	�	PROPN
cjfa-45164	123	44	:	:	PUNCT
cjfa-45164	123	45	ø	ø	PROPN
cjfa-45164	123	46	�	�	PROPN
cjfa-45164	123	47	0	0	NUM
cjfa-45164	123	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	123	49	�	�	PROPN
cjfa-45164	123	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	123	51	,	,	PUNCT
cjfa-45164	123	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	123	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	123	54	,	,	PUNCT
cjfa-45164	123	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	123	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	123	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	123	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	123	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	123	60	�	�	PROPN
cjfa-45164	123	61	:	:	PUNCT
cjfa-45164	123	62	ø	ø	PROPN
cjfa-45164	123	63	�	�	PROPN
cjfa-45164	123	64	0	0	NUM
cjfa-45164	123	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	123	66	,	,	PUNCT
cjfa-45164	123	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	123	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	123	69	,	,	PUNCT
cjfa-45164	123	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	123	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	123	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	123	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	123	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	123	75	after	after	ADP
cjfa-45164	123	76	ascertaining	ascertain	VERB
cjfa-45164	123	77	the	the	DET
cjfa-45164	123	78	unit	unit	NOUN
cjfa-45164	123	79	root	root	NOUN
cjfa-45164	123	80	property	property	NOUN
cjfa-45164	123	81	of	of	ADP
cjfa-45164	123	82	the	the	DET
cjfa-45164	123	83	series	series	NOUN
cjfa-45164	123	84	,	,	PUNCT
cjfa-45164	123	85	this	this	DET
cjfa-45164	123	86	study	study	NOUN
cjfa-45164	123	87	performed	perform	VERB
cjfa-45164	123	88	test	test	NOUN
cjfa-45164	123	89	of	of	ADP
cjfa-45164	123	90	cointegration	cointegration	NOUN
cjfa-45164	123	91	among	among	ADP
cjfa-45164	123	92	the	the	DET
cjfa-45164	123	93	series	series	NOUN
cjfa-45164	123	94	.	.	PUNCT
cjfa-45164	124	1	cointegration	cointegration	NOUN
cjfa-45164	124	2	is	be	AUX
cjfa-45164	124	3	a	a	DET
cjfa-45164	124	4	measure	measure	NOUN
cjfa-45164	124	5	of	of	ADP
cjfa-45164	124	6	long	long	ADJ
cjfa-45164	124	7	-	-	PUNCT
cjfa-45164	124	8	run	run	NOUN
cjfa-45164	124	9	relationship	relationship	NOUN
cjfa-45164	124	10	or	or	CCONJ
cjfa-45164	124	11	equilibrium	equilibrium	NOUN
cjfa-45164	124	12	between	between	ADP
cjfa-45164	124	13	variables	variable	NOUN
cjfa-45164	124	14	which	which	PRON
cjfa-45164	124	15	are	be	AUX
cjfa-45164	124	16	individually	individually	ADV
cjfa-45164	124	17	non	non	ADJ
cjfa-45164	124	18	-	-	ADJ
cjfa-45164	124	19	stationary	stationary	ADJ
cjfa-45164	124	20	.	.	PUNCT
cjfa-45164	125	1	to	to	PART
cjfa-45164	125	2	ascertain	ascertain	VERB
cjfa-45164	125	3	whether	whether	SCONJ
cjfa-45164	125	4	or	or	CCONJ
cjfa-45164	125	5	not	not	PART
cjfa-45164	125	6	there	there	PRON
cjfa-45164	125	7	is	be	VERB
cjfa-45164	125	8	cointegration	cointegration	NOUN
cjfa-45164	125	9	,	,	PUNCT
cjfa-45164	125	10	the	the	DET
cjfa-45164	125	11	johansen	johansen	PROPN
cjfa-45164	125	12	and	and	CCONJ
cjfa-45164	125	13	juselius	juselius	PROPN
cjfa-45164	125	14	cointegration	cointegration	NOUN
cjfa-45164	125	15	test	test	NOUN
cjfa-45164	125	16	was	be	AUX
cjfa-45164	125	17	conducted	conduct	VERB
cjfa-45164	125	18	.	.	PUNCT
cjfa-45164	126	1	the	the	DET
cjfa-45164	126	2	johansen	johansen	PROPN
cjfa-45164	126	3	and	and	CCONJ
cjfa-45164	126	4	juselius	juselius	NOUN
cjfa-45164	126	5	cointegration	cointegration	NOUN
cjfa-45164	126	6	test	test	NOUN
cjfa-45164	126	7	.	.	PUNCT
cjfa-45164	126	8	is	be	AUX
cjfa-45164	126	9	only	only	ADV
cjfa-45164	126	10	applicable	applicable	ADJ
cjfa-45164	126	11	to	to	ADP
cjfa-45164	126	12	variables	variable	NOUN
cjfa-45164	126	13	that	that	PRON
cjfa-45164	126	14	are	be	AUX
cjfa-45164	126	15	nonstationary	nonstationary	ADJ
cjfa-45164	126	16	and	and	CCONJ
cjfa-45164	126	17	are	be	AUX
cjfa-45164	126	18	integrated	integrate	VERB
cjfa-45164	126	19	of	of	ADP
cjfa-45164	126	20	the	the	DET
cjfa-45164	126	21	same	same	ADJ
cjfa-45164	126	22	order	order	NOUN
cjfa-45164	126	23	one	one	NUM
cjfa-45164	126	24	(	(	PUNCT
cjfa-45164	126	25	gujarati	gujarati	PROPN
cjfa-45164	126	26	&	&	CCONJ
cjfa-45164	126	27	porter	porter	PROPN
cjfa-45164	126	28	,	,	PUNCT
cjfa-45164	126	29	2018	2018	NUM
cjfa-45164	126	30	)	)	PUNCT
cjfa-45164	126	31	.	.	PUNCT
cjfa-45164	127	1	the	the	DET
cjfa-45164	127	2	johansen	johansen	PROPN
cjfa-45164	127	3	(	(	PUNCT
cjfa-45164	127	4	1991	1991	NUM
cjfa-45164	127	5	)	)	PUNCT
cjfa-45164	127	6	’s	’s	PART
cjfa-45164	127	7	cointegration	cointegration	NOUN
cjfa-45164	127	8	model	model	NOUN
cjfa-45164	127	9	is	be	AUX
cjfa-45164	127	10	specified	specify	VERB
cjfa-45164	127	11	in	in	ADP
cjfa-45164	127	12	equations	equation	NOUN
cjfa-45164	127	13	(	(	PUNCT
cjfa-45164	127	14	2	2	NUM
cjfa-45164	127	15	)	)	PUNCT
cjfa-45164	127	16	to	to	SCONJ
cjfa-45164	127	17	(	(	PUNCT
cjfa-45164	127	18	4	4	NUM
cjfa-45164	127	19	):	):	PUNCT
cjfa-45164	127	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	127	21	�	�	PROPN
cjfa-45164	127	22	�	�	PROPN
cjfa-45164	127	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	127	24	�	�	PROPN
cjfa-45164	127	25	�	�	PROPN
cjfa-45164	127	26	�	�	PROPN
cjfa-45164	127	27	�	�	PROPN
cjfa-45164	127	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	127	29	�	�	PROPN
cjfa-45164	127	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	127	31	�	�	PROPN
cjfa-45164	127	32	ß	ß	PRON
cjfa-45164	127	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	127	34	�	�	PROPN
cjfa-45164	127	35	�	�	PROPN
cjfa-45164	127	36	�	�	PROPN
cjfa-45164	127	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	127	38	�	�	PROPN
cjfa-45164	127	39	�	�	PROPN
cjfa-45164	127	40	�	�	PROPN
cjfa-45164	127	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	127	42	�	�	PROPN
cjfa-45164	127	43	2	2	NUM
cjfa-45164	127	44	�	�	PROPN
cjfa-45164	127	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	127	46	�	�	PROPN
cjfa-45164	127	47	�	�	PROPN
cjfa-45164	127	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	127	49	�	�	PROPN
cjfa-45164	127	50	�	�	PROPN
cjfa-45164	127	51	�	�	PROPN
cjfa-45164	127	52	�	�	PROPN
cjfa-45164	127	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	127	54	�	�	PROPN
cjfa-45164	127	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	127	56	�	�	PROPN
cjfa-45164	127	57	ß	ß	PRON
cjfa-45164	127	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	127	59	�	�	PROPN
cjfa-45164	127	60	�	�	PROPN
cjfa-45164	127	61	�	�	PROPN
cjfa-45164	127	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	127	63	�	�	PROPN
cjfa-45164	127	64	�	�	PROPN
cjfa-45164	127	65	�	�	PROPN
cjfa-45164	127	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	127	67	�	�	PROPN
cjfa-45164	127	68	3	3	NUM
cjfa-45164	127	69	�	�	PROPN
cjfa-45164	127	70	time	time	NOUN
cjfa-45164	127	71	series	series	PROPN
cjfa-45164	127	72	data	datum	NOUN
cjfa-45164	127	73	to	to	PART
cjfa-45164	127	74	be	be	AUX
cjfa-45164	127	75	used	use	VERB
cjfa-45164	127	76	are	be	AUX
cjfa-45164	127	77	expected	expect	VERB
cjfa-45164	127	78	to	to	PART
cjfa-45164	127	79	be	be	AUX
cjfa-45164	127	80	stationary	stationary	ADJ
cjfa-45164	127	81	,	,	PUNCT
cjfa-45164	127	82	that	that	ADV
cjfa-45164	127	83	is	is	ADV
cjfa-45164	127	84	,	,	PUNCT
cjfa-45164	127	85	constant	constant	ADJ
cjfa-45164	127	86	variance	variance	NOUN
cjfa-45164	127	87	over	over	ADP
cjfa-45164	127	88	time	time	NOUN
cjfa-45164	127	89	and	and	CCONJ
cjfa-45164	127	90	the	the	DET
cjfa-45164	127	91	covariance	covariance	NOUN
cjfa-45164	127	92	value	value	NOUN
cjfa-45164	127	93	between	between	ADP
cjfa-45164	127	94	the	the	DET
cjfa-45164	127	95	two	two	NUM
cjfa-45164	127	96	time	time	NOUN
cjfa-45164	127	97	periods	period	NOUN
cjfa-45164	127	98	depends	depend	VERB
cjfa-45164	127	99	only	only	ADV
cjfa-45164	127	100	on	on	ADP
cjfa-45164	127	101	the	the	DET
cjfa-45164	127	102	distance	distance	NOUN
cjfa-45164	127	103	or	or	CCONJ
cjfa-45164	127	104	gap	gap	NOUN
cjfa-45164	127	105	or	or	CCONJ
cjfa-45164	127	106	lag	lag	VERB
cjfa-45164	127	107	between	between	ADP
cjfa-45164	127	108	the	the	DET
cjfa-45164	127	109	two	two	NUM
cjfa-45164	127	110	time	time	NOUN
cjfa-45164	127	111	periods	period	NOUN
cjfa-45164	127	112	and	and	CCONJ
cjfa-45164	127	113	not	not	PART
cjfa-45164	127	114	the	the	DET
cjfa-45164	127	115	actual	actual	ADJ
cjfa-45164	127	116	time	time	NOUN
cjfa-45164	127	117	at	at	ADP
cjfa-45164	127	118	which	which	PRON
cjfa-45164	127	119	the	the	DET
cjfa-45164	127	120	covariance	covariance	NOUN
cjfa-45164	127	121	is	be	AUX
cjfa-45164	127	122	computed	compute	VERB
cjfa-45164	127	123	(	(	PUNCT
cjfa-45164	127	124	gujarati	gujarati	PROPN
cjfa-45164	127	125	&	&	CCONJ
cjfa-45164	127	126	porter	porter	PROPN
cjfa-45164	127	127	,	,	PUNCT
cjfa-45164	127	128	2009	2009	NUM
cjfa-45164	127	129	)	)	PUNCT
cjfa-45164	127	130	.	.	PUNCT
cjfa-45164	128	1	therefore	therefore	ADV
cjfa-45164	128	2	,	,	PUNCT
cjfa-45164	128	3	it	it	PRON
cjfa-45164	128	4	is	be	AUX
cjfa-45164	128	5	important	important	ADJ
cjfa-45164	128	6	to	to	PART
cjfa-45164	128	7	check	check	VERB
cjfa-45164	128	8	whether	whether	SCONJ
cjfa-45164	128	9	a	a	DET
cjfa-45164	128	10	series	series	NOUN
cjfa-45164	128	11	is	be	AUX
cjfa-45164	128	12	stationary	stationary	ADJ
cjfa-45164	128	13	or	or	CCONJ
cjfa-45164	128	14	not	not	PART
cjfa-45164	128	15	before	before	ADP
cjfa-45164	128	16	using	use	VERB
cjfa-45164	128	17	it	it	PRON
cjfa-45164	128	18	in	in	ADP
cjfa-45164	128	19	a	a	DET
cjfa-45164	128	20	regression	regression	NOUN
cjfa-45164	128	21	.	.	PUNCT
cjfa-45164	129	1	in	in	ADP
cjfa-45164	129	2	evaluating	evaluate	VERB
cjfa-45164	129	3	the	the	DET
cjfa-45164	129	4	unit	unit	NOUN
cjfa-45164	129	5	root	root	NOUN
cjfa-45164	129	6	property	property	NOUN
cjfa-45164	129	7	of	of	ADP
cjfa-45164	129	8	the	the	DET
cjfa-45164	129	9	time	time	NOUN
cjfa-45164	129	10	series	series	NOUN
cjfa-45164	129	11	,	,	PUNCT
cjfa-45164	129	12	the	the	DET
cjfa-45164	129	13	augmented	augment	VERB
cjfa-45164	129	14	dickey	dickey	NOUN
cjfa-45164	129	15	-	-	PUNCT
cjfa-45164	129	16	fuller	full	ADJ
cjfa-45164	129	17	(	(	PUNCT
cjfa-45164	129	18	adf	adf	NOUN
cjfa-45164	129	19	)	)	PUNCT
cjfa-45164	129	20	unit	unit	NOUN
cjfa-45164	129	21	root	root	NOUN
cjfa-45164	129	22	test	test	NOUN
cjfa-45164	129	23	was	be	AUX
cjfa-45164	129	24	conducted	conduct	VERB
cjfa-45164	129	25	to	to	PART
cjfa-45164	129	26	determine	determine	VERB
cjfa-45164	129	27	the	the	DET
cjfa-45164	129	28	stationarity	stationarity	NOUN
cjfa-45164	129	29	or	or	CCONJ
cjfa-45164	129	30	otherwise	otherwise	ADV
cjfa-45164	129	31	of	of	ADP
cjfa-45164	129	32	each	each	DET
cjfa-45164	129	33	variable	variable	NOUN
cjfa-45164	129	34	as	as	ADV
cjfa-45164	129	35	well	well	ADV
cjfa-45164	129	36	as	as	ADP
cjfa-45164	129	37	ascertain	ascertain	VERB
cjfa-45164	129	38	the	the	DET
cjfa-45164	129	39	level	level	NOUN
cjfa-45164	129	40	of	of	ADP
cjfa-45164	129	41	integration	integration	NOUN
cjfa-45164	129	42	of	of	ADP
cjfa-45164	129	43	the	the	DET
cjfa-45164	129	44	variables	variable	NOUN
cjfa-45164	129	45	.	.	PUNCT
cjfa-45164	130	1	however	however	ADV
cjfa-45164	130	2	,	,	PUNCT
cjfa-45164	130	3	if	if	SCONJ
cjfa-45164	130	4	the	the	DET
cjfa-45164	130	5	time	time	NOUN
cjfa-45164	130	6	series	series	PROPN
cjfa-45164	130	7	are	be	AUX
cjfa-45164	130	8	found	find	VERB
cjfa-45164	130	9	to	to	PART
cjfa-45164	130	10	be	be	AUX
cjfa-45164	130	11	non	non	ADJ
cjfa-45164	130	12	-	-	ADJ
cjfa-45164	130	13	stationary	stationary	ADJ
cjfa-45164	130	14	,	,	PUNCT
cjfa-45164	130	15	the	the	DET
cjfa-45164	130	16	order	order	NOUN
cjfa-45164	130	17	of	of	ADP
cjfa-45164	130	18	integration	integration	NOUN
cjfa-45164	130	19	is	be	AUX
cjfa-45164	130	20	ascertained	ascertain	VERB
cjfa-45164	130	21	and	and	CCONJ
cjfa-45164	130	22	the	the	DET
cjfa-45164	130	23	stationary	stationary	ADJ
cjfa-45164	130	24	form	form	NOUN
cjfa-45164	130	25	of	of	ADP
cjfa-45164	130	26	the	the	DET
cjfa-45164	130	27	variable	variable	NOUN
cjfa-45164	130	28	is	be	AUX
cjfa-45164	130	29	added	add	VERB
cjfa-45164	130	30	to	to	ADP
cjfa-45164	130	31	the	the	DET
cjfa-45164	130	32	var	var	NOUN
cjfa-45164	130	33	model	model	NOUN
cjfa-45164	130	34	(	(	PUNCT
cjfa-45164	130	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	130	36	&	&	CCONJ
cjfa-45164	130	37	mate	mate	NOUN
cjfa-45164	130	38	,	,	PUNCT
cjfa-45164	130	39	2010	2010	NUM
cjfa-45164	130	40	)	)	PUNCT
cjfa-45164	130	41	.	.	PUNCT
cjfa-45164	131	1	the	the	DET
cjfa-45164	131	2	adf	adf	PROPN
cjfa-45164	131	3	is	be	AUX
cjfa-45164	131	4	expressed	express	VERB
cjfa-45164	131	5	as	as	ADP
cjfa-45164	131	6	in	in	ADP
cjfa-45164	131	7	equation	equation	NOUN
cjfa-45164	131	8	(	(	PUNCT
cjfa-45164	131	9	1	1	NUM
cjfa-45164	131	10	):	):	PUNCT
cjfa-45164	131	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	131	12	�	�	PROPN
cjfa-45164	131	13	�	�	PROPN
cjfa-45164	131	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	132	1	�	�	PROPN
cjfa-45164	132	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	132	3	�	�	PROPN
cjfa-45164	132	4	�	�	PROPN
cjfa-45164	132	5	�	�	PROPN
cjfa-45164	132	6	�	�	PROPN
cjfa-45164	132	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	132	8	�	�	PROPN
cjfa-45164	132	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	132	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	132	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	132	12	�	�	PROPN
cjfa-45164	132	13	�	�	PROPN
cjfa-45164	132	14	�	�	PROPN
cjfa-45164	132	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	132	16	�	�	PROPN
cjfa-45164	132	17	1	1	NUM
cjfa-45164	132	18	�	�	PROPN
cjfa-45164	132	19	the	the	DET
cjfa-45164	132	20	null	null	ADJ
cjfa-45164	132	21	(	(	PUNCT
cjfa-45164	132	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	132	23	�	�	PROPN
cjfa-45164	132	24	)	)	PUNCT
cjfa-45164	132	25	and	and	CCONJ
cjfa-45164	132	26	alternative	alternative	ADJ
cjfa-45164	132	27	(	(	PUNCT
cjfa-45164	132	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	132	29	�	�	PROPN
cjfa-45164	132	30	)	)	PUNCT
cjfa-45164	132	31	hypotheses	hypothesis	NOUN
cjfa-45164	132	32	of	of	ADP
cjfa-45164	132	33	the	the	DET
cjfa-45164	132	34	adf	adf	PROPN
cjfa-45164	132	35	unit	unit	NOUN
cjfa-45164	132	36	root	root	PROPN
cjfa-45164	132	37	test	test	NOUN
cjfa-45164	132	38	are	be	AUX
cjfa-45164	132	39	stated	state	VERB
cjfa-45164	132	40	thus	thus	ADV
cjfa-45164	132	41	:	:	PUNCT
cjfa-45164	132	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	132	43	�	�	PROPN
cjfa-45164	132	44	:	:	PUNCT
cjfa-45164	132	45	ø	ø	PROPN
cjfa-45164	132	46	�	�	PROPN
cjfa-45164	132	47	0	0	NUM
cjfa-45164	132	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	132	49	�	�	PROPN
cjfa-45164	132	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	132	51	,	,	PUNCT
cjfa-45164	132	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	132	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	132	54	,	,	PUNCT
cjfa-45164	132	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	132	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	132	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	132	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	132	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	132	60	�	�	PROPN
cjfa-45164	132	61	:	:	PUNCT
cjfa-45164	132	62	ø	ø	PROPN
cjfa-45164	132	63	�	�	PROPN
cjfa-45164	132	64	0	0	NUM
cjfa-45164	132	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	132	66	,	,	PUNCT
cjfa-45164	132	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	132	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	132	69	,	,	PUNCT
cjfa-45164	132	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	132	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	132	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	132	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	132	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	132	75	after	after	ADP
cjfa-45164	132	76	ascertaining	ascertain	VERB
cjfa-45164	132	77	the	the	DET
cjfa-45164	132	78	unit	unit	NOUN
cjfa-45164	132	79	root	root	NOUN
cjfa-45164	132	80	property	property	NOUN
cjfa-45164	132	81	of	of	ADP
cjfa-45164	132	82	the	the	DET
cjfa-45164	132	83	series	series	NOUN
cjfa-45164	132	84	,	,	PUNCT
cjfa-45164	132	85	this	this	DET
cjfa-45164	132	86	study	study	NOUN
cjfa-45164	132	87	performed	perform	VERB
cjfa-45164	132	88	test	test	NOUN
cjfa-45164	132	89	of	of	ADP
cjfa-45164	132	90	cointegration	cointegration	NOUN
cjfa-45164	132	91	among	among	ADP
cjfa-45164	132	92	the	the	DET
cjfa-45164	132	93	series	series	NOUN
cjfa-45164	132	94	.	.	PUNCT
cjfa-45164	133	1	cointegration	cointegration	NOUN
cjfa-45164	133	2	is	be	AUX
cjfa-45164	133	3	a	a	DET
cjfa-45164	133	4	measure	measure	NOUN
cjfa-45164	133	5	of	of	ADP
cjfa-45164	133	6	long	long	ADJ
cjfa-45164	133	7	-	-	PUNCT
cjfa-45164	133	8	run	run	NOUN
cjfa-45164	133	9	relationship	relationship	NOUN
cjfa-45164	133	10	or	or	CCONJ
cjfa-45164	133	11	equilibrium	equilibrium	NOUN
cjfa-45164	133	12	between	between	ADP
cjfa-45164	133	13	variables	variable	NOUN
cjfa-45164	133	14	which	which	PRON
cjfa-45164	133	15	are	be	AUX
cjfa-45164	133	16	individually	individually	ADV
cjfa-45164	133	17	non	non	ADJ
cjfa-45164	133	18	-	-	ADJ
cjfa-45164	133	19	stationary	stationary	ADJ
cjfa-45164	133	20	.	.	PUNCT
cjfa-45164	134	1	to	to	PART
cjfa-45164	134	2	ascertain	ascertain	VERB
cjfa-45164	134	3	whether	whether	SCONJ
cjfa-45164	134	4	or	or	CCONJ
cjfa-45164	134	5	not	not	PART
cjfa-45164	134	6	there	there	PRON
cjfa-45164	134	7	is	be	VERB
cjfa-45164	134	8	cointegration	cointegration	NOUN
cjfa-45164	134	9	,	,	PUNCT
cjfa-45164	134	10	the	the	DET
cjfa-45164	134	11	johansen	johansen	PROPN
cjfa-45164	134	12	and	and	CCONJ
cjfa-45164	134	13	juselius	juselius	PROPN
cjfa-45164	134	14	cointegration	cointegration	NOUN
cjfa-45164	134	15	test	test	NOUN
cjfa-45164	134	16	was	be	AUX
cjfa-45164	134	17	conducted	conduct	VERB
cjfa-45164	134	18	.	.	PUNCT
cjfa-45164	135	1	the	the	DET
cjfa-45164	135	2	johansen	johansen	PROPN
cjfa-45164	135	3	and	and	CCONJ
cjfa-45164	135	4	juselius	juselius	NOUN
cjfa-45164	135	5	cointegration	cointegration	NOUN
cjfa-45164	135	6	test	test	NOUN
cjfa-45164	135	7	.	.	PUNCT
cjfa-45164	135	8	is	be	AUX
cjfa-45164	135	9	only	only	ADV
cjfa-45164	135	10	applicable	applicable	ADJ
cjfa-45164	135	11	to	to	ADP
cjfa-45164	135	12	variables	variable	NOUN
cjfa-45164	135	13	that	that	PRON
cjfa-45164	135	14	are	be	AUX
cjfa-45164	135	15	nonstationary	nonstationary	ADJ
cjfa-45164	135	16	and	and	CCONJ
cjfa-45164	135	17	are	be	AUX
cjfa-45164	135	18	integrated	integrate	VERB
cjfa-45164	135	19	of	of	ADP
cjfa-45164	135	20	the	the	DET
cjfa-45164	135	21	same	same	ADJ
cjfa-45164	135	22	order	order	NOUN
cjfa-45164	135	23	one	one	NUM
cjfa-45164	135	24	(	(	PUNCT
cjfa-45164	135	25	gujarati	gujarati	PROPN
cjfa-45164	135	26	&	&	CCONJ
cjfa-45164	135	27	porter	porter	PROPN
cjfa-45164	135	28	,	,	PUNCT
cjfa-45164	135	29	2018	2018	NUM
cjfa-45164	135	30	)	)	PUNCT
cjfa-45164	135	31	.	.	PUNCT
cjfa-45164	136	1	the	the	DET
cjfa-45164	136	2	johansen	johansen	PROPN
cjfa-45164	136	3	(	(	PUNCT
cjfa-45164	136	4	1991	1991	NUM
cjfa-45164	136	5	)	)	PUNCT
cjfa-45164	136	6	’s	’s	PART
cjfa-45164	136	7	cointegration	cointegration	NOUN
cjfa-45164	136	8	model	model	NOUN
cjfa-45164	136	9	is	be	AUX
cjfa-45164	136	10	specified	specify	VERB
cjfa-45164	136	11	in	in	ADP
cjfa-45164	136	12	equations	equation	NOUN
cjfa-45164	136	13	(	(	PUNCT
cjfa-45164	136	14	2	2	NUM
cjfa-45164	136	15	)	)	PUNCT
cjfa-45164	136	16	to	to	ADP
cjfa-45164	136	17	(	(	PUNCT
cjfa-45164	136	18	4	4	NUM
cjfa-45164	136	19	):	):	PUNCT
cjfa-45164	136	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	136	21	�	�	PROPN
cjfa-45164	136	22	�	�	PROPN
cjfa-45164	136	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	136	24	�	�	PROPN
cjfa-45164	136	25	�	�	PROPN
cjfa-45164	136	26	�	�	PROPN
cjfa-45164	136	27	�	�	PROPN
cjfa-45164	136	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	136	29	�	�	PROPN
cjfa-45164	136	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	136	31	�	�	PROPN
cjfa-45164	136	32	ß	ß	PRON
cjfa-45164	136	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	136	34	�	�	PROPN
cjfa-45164	136	35	�	�	PROPN
cjfa-45164	136	36	�	�	PROPN
cjfa-45164	136	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	136	38	�	�	PROPN
cjfa-45164	136	39	�	�	PROPN
cjfa-45164	136	40	�	�	PROPN
cjfa-45164	136	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	136	42	�	�	PROPN
cjfa-45164	136	43	2	2	NUM
cjfa-45164	136	44	�	�	PROPN
cjfa-45164	136	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	136	46	�	�	PROPN
cjfa-45164	136	47	�	�	PROPN
cjfa-45164	136	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	136	49	�	�	PROPN
cjfa-45164	136	50	�	�	PROPN
cjfa-45164	136	51	�	�	PROPN
cjfa-45164	136	52	�	�	PROPN
cjfa-45164	136	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	136	54	�	�	PROPN
cjfa-45164	136	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	136	56	�	�	PROPN
cjfa-45164	136	57	ß	ß	PRON
cjfa-45164	136	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	136	59	�	�	PROPN
cjfa-45164	136	60	�	�	PROPN
cjfa-45164	136	61	�	�	PROPN
cjfa-45164	136	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	136	63	�	�	PROPN
cjfa-45164	136	64	�	�	PROPN
cjfa-45164	136	65	�	�	PROPN
cjfa-45164	136	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	136	67	�	�	PROPN
cjfa-45164	136	68	3	3	NUM
cjfa-45164	136	69	�	�	PROPN
cjfa-45164	136	70	after	after	ADP
cjfa-45164	136	71	ascertaining	ascertain	VERB
cjfa-45164	136	72	the	the	DET
cjfa-45164	136	73	unit	unit	NOUN
cjfa-45164	136	74	root	root	NOUN
cjfa-45164	136	75	property	property	NOUN
cjfa-45164	136	76	of	of	ADP
cjfa-45164	136	77	the	the	DET
cjfa-45164	136	78	series	series	NOUN
cjfa-45164	136	79	,	,	PUNCT
cjfa-45164	136	80	this	this	DET
cjfa-45164	136	81	study	study	NOUN
cjfa-45164	136	82	performed	perform	VERB
cjfa-45164	136	83	test	test	NOUN
cjfa-45164	136	84	of	of	ADP
cjfa-45164	136	85	cointegration	cointegration	NOUN
cjfa-45164	136	86	among	among	ADP
cjfa-45164	136	87	the	the	DET
cjfa-45164	136	88	series	series	NOUN
cjfa-45164	136	89	.	.	PUNCT
cjfa-45164	137	1	cointegration	cointegration	NOUN
cjfa-45164	137	2	is	be	AUX
cjfa-45164	137	3	a	a	DET
cjfa-45164	137	4	measure	measure	NOUN
cjfa-45164	137	5	of	of	ADP
cjfa-45164	137	6	long	long	ADJ
cjfa-45164	137	7	-	-	PUNCT
cjfa-45164	137	8	run	run	NOUN
cjfa-45164	137	9	relationship	relationship	NOUN
cjfa-45164	137	10	or	or	CCONJ
cjfa-45164	137	11	equilibrium	equilibrium	NOUN
cjfa-45164	137	12	between	between	ADP
cjfa-45164	137	13	variables	variable	NOUN
cjfa-45164	137	14	which	which	PRON
cjfa-45164	137	15	are	be	AUX
cjfa-45164	137	16	individually	individually	ADV
cjfa-45164	137	17	non	non	ADJ
cjfa-45164	137	18	-	-	ADJ
cjfa-45164	137	19	stationary	stationary	ADJ
cjfa-45164	137	20	.	.	PUNCT
cjfa-45164	138	1	to	to	PART
cjfa-45164	138	2	ascertain	ascertain	VERB
cjfa-45164	138	3	whether	whether	SCONJ
cjfa-45164	138	4	or	or	CCONJ
cjfa-45164	138	5	not	not	PART
cjfa-45164	138	6	there	there	PRON
cjfa-45164	138	7	is	be	VERB
cjfa-45164	138	8	cointegration	cointegration	NOUN
cjfa-45164	138	9	,	,	PUNCT
cjfa-45164	138	10	the	the	DET
cjfa-45164	138	11	johansen	johansen	PROPN
cjfa-45164	138	12	and	and	CCONJ
cjfa-45164	138	13	juselius	juselius	PROPN
cjfa-45164	138	14	cointegration	cointegration	NOUN
cjfa-45164	138	15	test	test	NOUN
cjfa-45164	138	16	was	be	AUX
cjfa-45164	138	17	conducted	conduct	VERB
cjfa-45164	138	18	.	.	PUNCT
cjfa-45164	139	1	the	the	DET
cjfa-45164	139	2	johansen	johansen	PROPN
cjfa-45164	139	3	and	and	CCONJ
cjfa-45164	139	4	juselius	juselius	PROPN
cjfa-45164	139	5	cointegration	cointegration	NOUN
cjfa-45164	139	6	test	test	NOUN
cjfa-45164	139	7	is	be	AUX
cjfa-45164	139	8	only	only	ADV
cjfa-45164	139	9	applicable	applicable	ADJ
cjfa-45164	139	10	to	to	ADP
cjfa-45164	139	11	variables	variable	NOUN
cjfa-45164	139	12	that	that	PRON
cjfa-45164	139	13	are	be	AUX
cjfa-45164	139	14	non	non	ADJ
cjfa-45164	139	15	-	-	ADJ
cjfa-45164	139	16	stationary	stationary	ADJ
cjfa-45164	139	17	and	and	CCONJ
cjfa-45164	139	18	are	be	AUX
cjfa-45164	139	19	integrated	integrate	VERB
cjfa-45164	139	20	of	of	ADP
cjfa-45164	139	21	the	the	DET
cjfa-45164	139	22	same	same	ADJ
cjfa-45164	139	23	order	order	NOUN
cjfa-45164	139	24	one	one	NUM
cjfa-45164	139	25	(	(	PUNCT
cjfa-45164	139	26	gujarati	gujarati	PROPN
cjfa-45164	139	27	&	&	CCONJ
cjfa-45164	139	28	porter	porter	PROPN
cjfa-45164	139	29	,	,	PUNCT
cjfa-45164	139	30	2018	2018	NUM
cjfa-45164	139	31	)	)	PUNCT
cjfa-45164	139	32	.	.	PUNCT
cjfa-45164	140	1	the	the	DET
cjfa-45164	140	2	johansen	johansen	PROPN
cjfa-45164	140	3	’s	’s	PART
cjfa-45164	140	4	(	(	PUNCT
cjfa-45164	140	5	1991	1991	NUM
cjfa-45164	140	6	)	)	PUNCT
cjfa-45164	140	7	cointegration	cointegration	NOUN
cjfa-45164	140	8	model	model	NOUN
cjfa-45164	140	9	is	be	AUX
cjfa-45164	140	10	specified	specify	VERB
cjfa-45164	140	11	in	in	ADP
cjfa-45164	140	12	equations	equation	NOUN
cjfa-45164	140	13	(	(	PUNCT
cjfa-45164	140	14	2	2	NUM
cjfa-45164	140	15	)	)	PUNCT
cjfa-45164	140	16	to	to	SCONJ
cjfa-45164	140	17	(	(	PUNCT
cjfa-45164	140	18	4	4	NUM
cjfa-45164	140	19	):	):	PUNCT
cjfa-45164	140	20	time	time	NOUN
cjfa-45164	140	21	series	series	PROPN
cjfa-45164	140	22	data	datum	NOUN
cjfa-45164	140	23	to	to	PART
cjfa-45164	140	24	be	be	AUX
cjfa-45164	140	25	used	use	VERB
cjfa-45164	140	26	are	be	AUX
cjfa-45164	140	27	expected	expect	VERB
cjfa-45164	140	28	to	to	PART
cjfa-45164	140	29	be	be	AUX
cjfa-45164	140	30	stationary	stationary	ADJ
cjfa-45164	140	31	,	,	PUNCT
cjfa-45164	140	32	that	that	ADV
cjfa-45164	140	33	is	is	ADV
cjfa-45164	140	34	,	,	PUNCT
cjfa-45164	140	35	constant	constant	ADJ
cjfa-45164	140	36	variance	variance	NOUN
cjfa-45164	140	37	over	over	ADP
cjfa-45164	140	38	time	time	NOUN
cjfa-45164	140	39	and	and	CCONJ
cjfa-45164	140	40	the	the	DET
cjfa-45164	140	41	covariance	covariance	NOUN
cjfa-45164	140	42	value	value	NOUN
cjfa-45164	140	43	between	between	ADP
cjfa-45164	140	44	the	the	DET
cjfa-45164	140	45	two	two	NUM
cjfa-45164	140	46	time	time	NOUN
cjfa-45164	140	47	periods	period	NOUN
cjfa-45164	140	48	depends	depend	VERB
cjfa-45164	140	49	only	only	ADV
cjfa-45164	140	50	on	on	ADP
cjfa-45164	140	51	the	the	DET
cjfa-45164	140	52	distance	distance	NOUN
cjfa-45164	140	53	or	or	CCONJ
cjfa-45164	140	54	gap	gap	NOUN
cjfa-45164	140	55	or	or	CCONJ
cjfa-45164	140	56	lag	lag	VERB
cjfa-45164	140	57	between	between	ADP
cjfa-45164	140	58	the	the	DET
cjfa-45164	140	59	two	two	NUM
cjfa-45164	140	60	time	time	NOUN
cjfa-45164	140	61	periods	period	NOUN
cjfa-45164	140	62	and	and	CCONJ
cjfa-45164	140	63	not	not	PART
cjfa-45164	140	64	the	the	DET
cjfa-45164	140	65	actual	actual	ADJ
cjfa-45164	140	66	time	time	NOUN
cjfa-45164	140	67	at	at	ADP
cjfa-45164	140	68	which	which	PRON
cjfa-45164	140	69	the	the	DET
cjfa-45164	140	70	covariance	covariance	NOUN
cjfa-45164	140	71	is	be	AUX
cjfa-45164	140	72	computed	compute	VERB
cjfa-45164	140	73	(	(	PUNCT
cjfa-45164	140	74	gujarati	gujarati	PROPN
cjfa-45164	140	75	&	&	CCONJ
cjfa-45164	140	76	porter	porter	PROPN
cjfa-45164	140	77	,	,	PUNCT
cjfa-45164	140	78	2009	2009	NUM
cjfa-45164	140	79	)	)	PUNCT
cjfa-45164	140	80	.	.	PUNCT
cjfa-45164	141	1	therefore	therefore	ADV
cjfa-45164	141	2	,	,	PUNCT
cjfa-45164	141	3	it	it	PRON
cjfa-45164	141	4	is	be	AUX
cjfa-45164	141	5	important	important	ADJ
cjfa-45164	141	6	to	to	PART
cjfa-45164	141	7	check	check	VERB
cjfa-45164	141	8	whether	whether	SCONJ
cjfa-45164	141	9	a	a	DET
cjfa-45164	141	10	series	series	NOUN
cjfa-45164	141	11	is	be	AUX
cjfa-45164	141	12	stationary	stationary	ADJ
cjfa-45164	141	13	or	or	CCONJ
cjfa-45164	141	14	not	not	PART
cjfa-45164	141	15	before	before	ADP
cjfa-45164	141	16	using	use	VERB
cjfa-45164	141	17	it	it	PRON
cjfa-45164	141	18	in	in	ADP
cjfa-45164	141	19	a	a	DET
cjfa-45164	141	20	regression	regression	NOUN
cjfa-45164	141	21	.	.	PUNCT
cjfa-45164	142	1	in	in	ADP
cjfa-45164	142	2	evaluating	evaluate	VERB
cjfa-45164	142	3	the	the	DET
cjfa-45164	142	4	unit	unit	NOUN
cjfa-45164	142	5	root	root	NOUN
cjfa-45164	142	6	property	property	NOUN
cjfa-45164	142	7	of	of	ADP
cjfa-45164	142	8	the	the	DET
cjfa-45164	142	9	time	time	NOUN
cjfa-45164	142	10	series	series	NOUN
cjfa-45164	142	11	,	,	PUNCT
cjfa-45164	142	12	the	the	DET
cjfa-45164	142	13	augmented	augment	VERB
cjfa-45164	142	14	dickey	dickey	NOUN
cjfa-45164	142	15	-	-	PUNCT
cjfa-45164	142	16	fuller	full	ADJ
cjfa-45164	142	17	(	(	PUNCT
cjfa-45164	142	18	adf	adf	NOUN
cjfa-45164	142	19	)	)	PUNCT
cjfa-45164	142	20	unit	unit	NOUN
cjfa-45164	142	21	root	root	NOUN
cjfa-45164	142	22	test	test	NOUN
cjfa-45164	142	23	was	be	AUX
cjfa-45164	142	24	conducted	conduct	VERB
cjfa-45164	142	25	to	to	PART
cjfa-45164	142	26	determine	determine	VERB
cjfa-45164	142	27	the	the	DET
cjfa-45164	142	28	stationarity	stationarity	NOUN
cjfa-45164	142	29	or	or	CCONJ
cjfa-45164	142	30	otherwise	otherwise	ADV
cjfa-45164	142	31	of	of	ADP
cjfa-45164	142	32	each	each	DET
cjfa-45164	142	33	variable	variable	NOUN
cjfa-45164	142	34	as	as	ADV
cjfa-45164	142	35	well	well	ADV
cjfa-45164	142	36	as	as	ADP
cjfa-45164	142	37	ascertain	ascertain	VERB
cjfa-45164	142	38	the	the	DET
cjfa-45164	142	39	level	level	NOUN
cjfa-45164	142	40	of	of	ADP
cjfa-45164	142	41	integration	integration	NOUN
cjfa-45164	142	42	of	of	ADP
cjfa-45164	142	43	the	the	DET
cjfa-45164	142	44	variables	variable	NOUN
cjfa-45164	142	45	.	.	PUNCT
cjfa-45164	143	1	however	however	ADV
cjfa-45164	143	2	,	,	PUNCT
cjfa-45164	143	3	if	if	SCONJ
cjfa-45164	143	4	the	the	DET
cjfa-45164	143	5	time	time	NOUN
cjfa-45164	143	6	series	series	PROPN
cjfa-45164	143	7	are	be	AUX
cjfa-45164	143	8	found	find	VERB
cjfa-45164	143	9	to	to	PART
cjfa-45164	143	10	be	be	AUX
cjfa-45164	143	11	non	non	ADJ
cjfa-45164	143	12	-	-	ADJ
cjfa-45164	143	13	stationary	stationary	ADJ
cjfa-45164	143	14	,	,	PUNCT
cjfa-45164	143	15	the	the	DET
cjfa-45164	143	16	order	order	NOUN
cjfa-45164	143	17	of	of	ADP
cjfa-45164	143	18	integration	integration	NOUN
cjfa-45164	143	19	is	be	AUX
cjfa-45164	143	20	ascertained	ascertain	VERB
cjfa-45164	143	21	and	and	CCONJ
cjfa-45164	143	22	the	the	DET
cjfa-45164	143	23	stationary	stationary	ADJ
cjfa-45164	143	24	form	form	NOUN
cjfa-45164	143	25	of	of	ADP
cjfa-45164	143	26	the	the	DET
cjfa-45164	143	27	variable	variable	NOUN
cjfa-45164	143	28	is	be	AUX
cjfa-45164	143	29	added	add	VERB
cjfa-45164	143	30	to	to	ADP
cjfa-45164	143	31	the	the	DET
cjfa-45164	143	32	var	var	NOUN
cjfa-45164	143	33	model	model	NOUN
cjfa-45164	143	34	(	(	PUNCT
cjfa-45164	143	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	143	36	&	&	CCONJ
cjfa-45164	143	37	mate	mate	NOUN
cjfa-45164	143	38	,	,	PUNCT
cjfa-45164	143	39	2010	2010	NUM
cjfa-45164	143	40	)	)	PUNCT
cjfa-45164	143	41	.	.	PUNCT
cjfa-45164	144	1	the	the	DET
cjfa-45164	144	2	adf	adf	PROPN
cjfa-45164	144	3	is	be	AUX
cjfa-45164	144	4	expressed	express	VERB
cjfa-45164	144	5	as	as	ADP
cjfa-45164	144	6	in	in	ADP
cjfa-45164	144	7	equation	equation	NOUN
cjfa-45164	144	8	(	(	PUNCT
cjfa-45164	144	9	1	1	NUM
cjfa-45164	144	10	):	):	PUNCT
cjfa-45164	144	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	144	12	�	�	PROPN
cjfa-45164	144	13	�	�	PROPN
cjfa-45164	144	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	145	1	�	�	PROPN
cjfa-45164	145	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	145	3	�	�	PROPN
cjfa-45164	145	4	�	�	PROPN
cjfa-45164	145	5	�	�	PROPN
cjfa-45164	145	6	�	�	PROPN
cjfa-45164	145	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	145	8	�	�	PROPN
cjfa-45164	145	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	145	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	145	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	145	12	�	�	PROPN
cjfa-45164	145	13	�	�	PROPN
cjfa-45164	145	14	�	�	PROPN
cjfa-45164	145	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	145	16	�	�	PROPN
cjfa-45164	145	17	1	1	NUM
cjfa-45164	145	18	�	�	PROPN
cjfa-45164	145	19	the	the	DET
cjfa-45164	145	20	null	null	ADJ
cjfa-45164	145	21	(	(	PUNCT
cjfa-45164	145	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	145	23	�	�	PROPN
cjfa-45164	145	24	)	)	PUNCT
cjfa-45164	145	25	and	and	CCONJ
cjfa-45164	145	26	alternative	alternative	ADJ
cjfa-45164	145	27	(	(	PUNCT
cjfa-45164	145	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	145	29	�	�	PROPN
cjfa-45164	145	30	)	)	PUNCT
cjfa-45164	145	31	hypotheses	hypothesis	NOUN
cjfa-45164	145	32	of	of	ADP
cjfa-45164	145	33	the	the	DET
cjfa-45164	145	34	adf	adf	PROPN
cjfa-45164	145	35	unit	unit	NOUN
cjfa-45164	145	36	root	root	PROPN
cjfa-45164	145	37	test	test	NOUN
cjfa-45164	145	38	are	be	AUX
cjfa-45164	145	39	stated	state	VERB
cjfa-45164	145	40	thus	thus	ADV
cjfa-45164	145	41	:	:	PUNCT
cjfa-45164	145	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	145	43	�	�	PROPN
cjfa-45164	145	44	:	:	PUNCT
cjfa-45164	145	45	ø	ø	PROPN
cjfa-45164	145	46	�	�	PROPN
cjfa-45164	145	47	0	0	NUM
cjfa-45164	145	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	145	49	�	�	PROPN
cjfa-45164	145	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	145	51	,	,	PUNCT
cjfa-45164	145	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	145	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	145	54	,	,	PUNCT
cjfa-45164	145	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	145	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	145	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	145	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	145	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	145	60	�	�	PROPN
cjfa-45164	145	61	:	:	PUNCT
cjfa-45164	145	62	ø	ø	PROPN
cjfa-45164	145	63	�	�	PROPN
cjfa-45164	145	64	0	0	NUM
cjfa-45164	145	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	145	66	,	,	PUNCT
cjfa-45164	145	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	145	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	145	69	,	,	PUNCT
cjfa-45164	145	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	145	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	145	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	145	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	145	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	145	75	after	after	ADP
cjfa-45164	145	76	ascertaining	ascertain	VERB
cjfa-45164	145	77	the	the	DET
cjfa-45164	145	78	unit	unit	NOUN
cjfa-45164	145	79	root	root	NOUN
cjfa-45164	145	80	property	property	NOUN
cjfa-45164	145	81	of	of	ADP
cjfa-45164	145	82	the	the	DET
cjfa-45164	145	83	series	series	NOUN
cjfa-45164	145	84	,	,	PUNCT
cjfa-45164	145	85	this	this	DET
cjfa-45164	145	86	study	study	NOUN
cjfa-45164	145	87	performed	perform	VERB
cjfa-45164	145	88	test	test	NOUN
cjfa-45164	145	89	of	of	ADP
cjfa-45164	145	90	cointegration	cointegration	NOUN
cjfa-45164	145	91	among	among	ADP
cjfa-45164	145	92	the	the	DET
cjfa-45164	145	93	series	series	NOUN
cjfa-45164	145	94	.	.	PUNCT
cjfa-45164	146	1	cointegration	cointegration	NOUN
cjfa-45164	146	2	is	be	AUX
cjfa-45164	146	3	a	a	DET
cjfa-45164	146	4	measure	measure	NOUN
cjfa-45164	146	5	of	of	ADP
cjfa-45164	146	6	long	long	ADJ
cjfa-45164	146	7	-	-	PUNCT
cjfa-45164	146	8	run	run	NOUN
cjfa-45164	146	9	relationship	relationship	NOUN
cjfa-45164	146	10	or	or	CCONJ
cjfa-45164	146	11	equilibrium	equilibrium	NOUN
cjfa-45164	146	12	between	between	ADP
cjfa-45164	146	13	variables	variable	NOUN
cjfa-45164	146	14	which	which	PRON
cjfa-45164	146	15	are	be	AUX
cjfa-45164	146	16	individually	individually	ADV
cjfa-45164	146	17	non	non	ADJ
cjfa-45164	146	18	-	-	ADJ
cjfa-45164	146	19	stationary	stationary	ADJ
cjfa-45164	146	20	.	.	PUNCT
cjfa-45164	147	1	to	to	PART
cjfa-45164	147	2	ascertain	ascertain	VERB
cjfa-45164	147	3	whether	whether	SCONJ
cjfa-45164	147	4	or	or	CCONJ
cjfa-45164	147	5	not	not	PART
cjfa-45164	147	6	there	there	PRON
cjfa-45164	147	7	is	be	VERB
cjfa-45164	147	8	cointegration	cointegration	NOUN
cjfa-45164	147	9	,	,	PUNCT
cjfa-45164	147	10	the	the	DET
cjfa-45164	147	11	johansen	johansen	PROPN
cjfa-45164	147	12	and	and	CCONJ
cjfa-45164	147	13	juselius	juselius	PROPN
cjfa-45164	147	14	cointegration	cointegration	NOUN
cjfa-45164	147	15	test	test	NOUN
cjfa-45164	147	16	was	be	AUX
cjfa-45164	147	17	conducted	conduct	VERB
cjfa-45164	147	18	.	.	PUNCT
cjfa-45164	148	1	the	the	DET
cjfa-45164	148	2	johansen	johansen	PROPN
cjfa-45164	148	3	and	and	CCONJ
cjfa-45164	148	4	juselius	juselius	NOUN
cjfa-45164	148	5	cointegration	cointegration	NOUN
cjfa-45164	148	6	test	test	NOUN
cjfa-45164	148	7	.	.	PUNCT
cjfa-45164	148	8	is	be	AUX
cjfa-45164	148	9	only	only	ADV
cjfa-45164	148	10	applicable	applicable	ADJ
cjfa-45164	148	11	to	to	ADP
cjfa-45164	148	12	variables	variable	NOUN
cjfa-45164	148	13	that	that	PRON
cjfa-45164	148	14	are	be	AUX
cjfa-45164	148	15	nonstationary	nonstationary	ADJ
cjfa-45164	148	16	and	and	CCONJ
cjfa-45164	148	17	are	be	AUX
cjfa-45164	148	18	integrated	integrate	VERB
cjfa-45164	148	19	of	of	ADP
cjfa-45164	148	20	the	the	DET
cjfa-45164	148	21	same	same	ADJ
cjfa-45164	148	22	order	order	NOUN
cjfa-45164	148	23	one	one	NUM
cjfa-45164	148	24	(	(	PUNCT
cjfa-45164	148	25	gujarati	gujarati	PROPN
cjfa-45164	148	26	&	&	CCONJ
cjfa-45164	148	27	porter	porter	PROPN
cjfa-45164	148	28	,	,	PUNCT
cjfa-45164	148	29	2018	2018	NUM
cjfa-45164	148	30	)	)	PUNCT
cjfa-45164	148	31	.	.	PUNCT
cjfa-45164	149	1	the	the	DET
cjfa-45164	149	2	johansen	johansen	PROPN
cjfa-45164	149	3	(	(	PUNCT
cjfa-45164	149	4	1991	1991	NUM
cjfa-45164	149	5	)	)	PUNCT
cjfa-45164	149	6	’s	’s	PART
cjfa-45164	149	7	cointegration	cointegration	NOUN
cjfa-45164	149	8	model	model	NOUN
cjfa-45164	149	9	is	be	AUX
cjfa-45164	149	10	specified	specify	VERB
cjfa-45164	149	11	in	in	ADP
cjfa-45164	149	12	equations	equation	NOUN
cjfa-45164	149	13	(	(	PUNCT
cjfa-45164	149	14	2	2	NUM
cjfa-45164	149	15	)	)	PUNCT
cjfa-45164	149	16	to	to	SCONJ
cjfa-45164	149	17	(	(	PUNCT
cjfa-45164	149	18	4	4	NUM
cjfa-45164	149	19	):	):	PUNCT
cjfa-45164	149	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	149	21	�	�	PROPN
cjfa-45164	149	22	�	�	PROPN
cjfa-45164	149	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	149	24	�	�	PROPN
cjfa-45164	149	25	�	�	PROPN
cjfa-45164	149	26	�	�	PROPN
cjfa-45164	149	27	�	�	PROPN
cjfa-45164	149	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	149	29	�	�	PROPN
cjfa-45164	149	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	149	31	�	�	PROPN
cjfa-45164	149	32	ß	ß	PRON
cjfa-45164	149	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	149	34	�	�	PROPN
cjfa-45164	149	35	�	�	PROPN
cjfa-45164	149	36	�	�	PROPN
cjfa-45164	149	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	149	38	�	�	PROPN
cjfa-45164	149	39	�	�	PROPN
cjfa-45164	149	40	�	�	PROPN
cjfa-45164	149	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	149	42	�	�	PROPN
cjfa-45164	149	43	2	2	NUM
cjfa-45164	149	44	�	�	PROPN
cjfa-45164	149	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	149	46	�	�	PROPN
cjfa-45164	149	47	�	�	PROPN
cjfa-45164	149	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	149	49	�	�	PROPN
cjfa-45164	149	50	�	�	PROPN
cjfa-45164	149	51	�	�	PROPN
cjfa-45164	149	52	�	�	PROPN
cjfa-45164	149	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	149	54	�	�	PROPN
cjfa-45164	149	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	149	56	�	�	PROPN
cjfa-45164	149	57	ß	ß	PRON
cjfa-45164	149	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	149	59	�	�	PROPN
cjfa-45164	149	60	�	�	PROPN
cjfa-45164	149	61	�	�	PROPN
cjfa-45164	149	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	149	63	�	�	PROPN
cjfa-45164	149	64	�	�	PROPN
cjfa-45164	149	65	�	�	PROPN
cjfa-45164	149	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	149	67	�	�	PROPN
cjfa-45164	149	68	3	3	NUM
cjfa-45164	149	69	�	�	PROPN
cjfa-45164	149	70	time	time	NOUN
cjfa-45164	149	71	series	series	PROPN
cjfa-45164	149	72	data	datum	NOUN
cjfa-45164	149	73	to	to	PART
cjfa-45164	149	74	be	be	AUX
cjfa-45164	149	75	used	use	VERB
cjfa-45164	149	76	are	be	AUX
cjfa-45164	149	77	expected	expect	VERB
cjfa-45164	149	78	to	to	PART
cjfa-45164	149	79	be	be	AUX
cjfa-45164	149	80	stationary	stationary	ADJ
cjfa-45164	149	81	,	,	PUNCT
cjfa-45164	149	82	that	that	ADV
cjfa-45164	149	83	is	is	ADV
cjfa-45164	149	84	,	,	PUNCT
cjfa-45164	149	85	constant	constant	ADJ
cjfa-45164	149	86	variance	variance	NOUN
cjfa-45164	149	87	over	over	ADP
cjfa-45164	149	88	time	time	NOUN
cjfa-45164	149	89	and	and	CCONJ
cjfa-45164	149	90	the	the	DET
cjfa-45164	149	91	covariance	covariance	NOUN
cjfa-45164	149	92	value	value	NOUN
cjfa-45164	149	93	between	between	ADP
cjfa-45164	149	94	the	the	DET
cjfa-45164	149	95	two	two	NUM
cjfa-45164	149	96	time	time	NOUN
cjfa-45164	149	97	periods	period	NOUN
cjfa-45164	149	98	depends	depend	VERB
cjfa-45164	149	99	only	only	ADV
cjfa-45164	149	100	on	on	ADP
cjfa-45164	149	101	the	the	DET
cjfa-45164	149	102	distance	distance	NOUN
cjfa-45164	149	103	or	or	CCONJ
cjfa-45164	149	104	gap	gap	NOUN
cjfa-45164	149	105	or	or	CCONJ
cjfa-45164	149	106	lag	lag	VERB
cjfa-45164	149	107	between	between	ADP
cjfa-45164	149	108	the	the	DET
cjfa-45164	149	109	two	two	NUM
cjfa-45164	149	110	time	time	NOUN
cjfa-45164	149	111	periods	period	NOUN
cjfa-45164	149	112	and	and	CCONJ
cjfa-45164	149	113	not	not	PART
cjfa-45164	149	114	the	the	DET
cjfa-45164	149	115	actual	actual	ADJ
cjfa-45164	149	116	time	time	NOUN
cjfa-45164	149	117	at	at	ADP
cjfa-45164	149	118	which	which	PRON
cjfa-45164	149	119	the	the	DET
cjfa-45164	149	120	covariance	covariance	NOUN
cjfa-45164	149	121	is	be	AUX
cjfa-45164	149	122	computed	compute	VERB
cjfa-45164	149	123	(	(	PUNCT
cjfa-45164	149	124	gujarati	gujarati	PROPN
cjfa-45164	149	125	&	&	CCONJ
cjfa-45164	149	126	porter	porter	PROPN
cjfa-45164	149	127	,	,	PUNCT
cjfa-45164	149	128	2009	2009	NUM
cjfa-45164	149	129	)	)	PUNCT
cjfa-45164	149	130	.	.	PUNCT
cjfa-45164	150	1	therefore	therefore	ADV
cjfa-45164	150	2	,	,	PUNCT
cjfa-45164	150	3	it	it	PRON
cjfa-45164	150	4	is	be	AUX
cjfa-45164	150	5	important	important	ADJ
cjfa-45164	150	6	to	to	PART
cjfa-45164	150	7	check	check	VERB
cjfa-45164	150	8	whether	whether	SCONJ
cjfa-45164	150	9	a	a	DET
cjfa-45164	150	10	series	series	NOUN
cjfa-45164	150	11	is	be	AUX
cjfa-45164	150	12	stationary	stationary	ADJ
cjfa-45164	150	13	or	or	CCONJ
cjfa-45164	150	14	not	not	PART
cjfa-45164	150	15	before	before	ADP
cjfa-45164	150	16	using	use	VERB
cjfa-45164	150	17	it	it	PRON
cjfa-45164	150	18	in	in	ADP
cjfa-45164	150	19	a	a	DET
cjfa-45164	150	20	regression	regression	NOUN
cjfa-45164	150	21	.	.	PUNCT
cjfa-45164	151	1	in	in	ADP
cjfa-45164	151	2	evaluating	evaluate	VERB
cjfa-45164	151	3	the	the	DET
cjfa-45164	151	4	unit	unit	NOUN
cjfa-45164	151	5	root	root	NOUN
cjfa-45164	151	6	property	property	NOUN
cjfa-45164	151	7	of	of	ADP
cjfa-45164	151	8	the	the	DET
cjfa-45164	151	9	time	time	NOUN
cjfa-45164	151	10	series	series	NOUN
cjfa-45164	151	11	,	,	PUNCT
cjfa-45164	151	12	the	the	DET
cjfa-45164	151	13	augmented	augment	VERB
cjfa-45164	151	14	dickey	dickey	NOUN
cjfa-45164	151	15	-	-	PUNCT
cjfa-45164	151	16	fuller	full	ADJ
cjfa-45164	151	17	(	(	PUNCT
cjfa-45164	151	18	adf	adf	NOUN
cjfa-45164	151	19	)	)	PUNCT
cjfa-45164	151	20	unit	unit	NOUN
cjfa-45164	151	21	root	root	NOUN
cjfa-45164	151	22	test	test	NOUN
cjfa-45164	151	23	was	be	AUX
cjfa-45164	151	24	conducted	conduct	VERB
cjfa-45164	151	25	to	to	PART
cjfa-45164	151	26	determine	determine	VERB
cjfa-45164	151	27	the	the	DET
cjfa-45164	151	28	stationarity	stationarity	NOUN
cjfa-45164	151	29	or	or	CCONJ
cjfa-45164	151	30	otherwise	otherwise	ADV
cjfa-45164	151	31	of	of	ADP
cjfa-45164	151	32	each	each	DET
cjfa-45164	151	33	variable	variable	NOUN
cjfa-45164	151	34	as	as	ADV
cjfa-45164	151	35	well	well	ADV
cjfa-45164	151	36	as	as	ADP
cjfa-45164	151	37	ascertain	ascertain	VERB
cjfa-45164	151	38	the	the	DET
cjfa-45164	151	39	level	level	NOUN
cjfa-45164	151	40	of	of	ADP
cjfa-45164	151	41	integration	integration	NOUN
cjfa-45164	151	42	of	of	ADP
cjfa-45164	151	43	the	the	DET
cjfa-45164	151	44	variables	variable	NOUN
cjfa-45164	151	45	.	.	PUNCT
cjfa-45164	152	1	however	however	ADV
cjfa-45164	152	2	,	,	PUNCT
cjfa-45164	152	3	if	if	SCONJ
cjfa-45164	152	4	the	the	DET
cjfa-45164	152	5	time	time	NOUN
cjfa-45164	152	6	series	series	PROPN
cjfa-45164	152	7	are	be	AUX
cjfa-45164	152	8	found	find	VERB
cjfa-45164	152	9	to	to	PART
cjfa-45164	152	10	be	be	AUX
cjfa-45164	152	11	non	non	ADJ
cjfa-45164	152	12	-	-	ADJ
cjfa-45164	152	13	stationary	stationary	ADJ
cjfa-45164	152	14	,	,	PUNCT
cjfa-45164	152	15	the	the	DET
cjfa-45164	152	16	order	order	NOUN
cjfa-45164	152	17	of	of	ADP
cjfa-45164	152	18	integration	integration	NOUN
cjfa-45164	152	19	is	be	AUX
cjfa-45164	152	20	ascertained	ascertain	VERB
cjfa-45164	152	21	and	and	CCONJ
cjfa-45164	152	22	the	the	DET
cjfa-45164	152	23	stationary	stationary	ADJ
cjfa-45164	152	24	form	form	NOUN
cjfa-45164	152	25	of	of	ADP
cjfa-45164	152	26	the	the	DET
cjfa-45164	152	27	variable	variable	NOUN
cjfa-45164	152	28	is	be	AUX
cjfa-45164	152	29	added	add	VERB
cjfa-45164	152	30	to	to	ADP
cjfa-45164	152	31	the	the	DET
cjfa-45164	152	32	var	var	NOUN
cjfa-45164	152	33	model	model	NOUN
cjfa-45164	152	34	(	(	PUNCT
cjfa-45164	152	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	152	36	&	&	CCONJ
cjfa-45164	152	37	mate	mate	NOUN
cjfa-45164	152	38	,	,	PUNCT
cjfa-45164	152	39	2010	2010	NUM
cjfa-45164	152	40	)	)	PUNCT
cjfa-45164	152	41	.	.	PUNCT
cjfa-45164	153	1	the	the	DET
cjfa-45164	153	2	adf	adf	PROPN
cjfa-45164	153	3	is	be	AUX
cjfa-45164	153	4	expressed	express	VERB
cjfa-45164	153	5	as	as	ADP
cjfa-45164	153	6	in	in	ADP
cjfa-45164	153	7	equation	equation	NOUN
cjfa-45164	153	8	(	(	PUNCT
cjfa-45164	153	9	1	1	NUM
cjfa-45164	153	10	):	):	PUNCT
cjfa-45164	153	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	153	12	�	�	PROPN
cjfa-45164	153	13	�	�	PROPN
cjfa-45164	153	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	154	1	�	�	PROPN
cjfa-45164	154	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	154	3	�	�	PROPN
cjfa-45164	154	4	�	�	PROPN
cjfa-45164	154	5	�	�	PROPN
cjfa-45164	154	6	�	�	PROPN
cjfa-45164	154	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	154	8	�	�	PROPN
cjfa-45164	154	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	154	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	154	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	154	12	�	�	PROPN
cjfa-45164	154	13	�	�	PROPN
cjfa-45164	154	14	�	�	PROPN
cjfa-45164	154	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	154	16	�	�	PROPN
cjfa-45164	154	17	1	1	NUM
cjfa-45164	154	18	�	�	PROPN
cjfa-45164	154	19	the	the	DET
cjfa-45164	154	20	null	null	ADJ
cjfa-45164	154	21	(	(	PUNCT
cjfa-45164	154	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	154	23	�	�	PROPN
cjfa-45164	154	24	)	)	PUNCT
cjfa-45164	154	25	and	and	CCONJ
cjfa-45164	154	26	alternative	alternative	ADJ
cjfa-45164	154	27	(	(	PUNCT
cjfa-45164	154	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	154	29	�	�	PROPN
cjfa-45164	154	30	)	)	PUNCT
cjfa-45164	154	31	hypotheses	hypothesis	NOUN
cjfa-45164	154	32	of	of	ADP
cjfa-45164	154	33	the	the	DET
cjfa-45164	154	34	adf	adf	PROPN
cjfa-45164	154	35	unit	unit	NOUN
cjfa-45164	154	36	root	root	PROPN
cjfa-45164	154	37	test	test	NOUN
cjfa-45164	154	38	are	be	AUX
cjfa-45164	154	39	stated	state	VERB
cjfa-45164	154	40	thus	thus	ADV
cjfa-45164	154	41	:	:	PUNCT
cjfa-45164	154	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	154	43	�	�	PROPN
cjfa-45164	154	44	:	:	PUNCT
cjfa-45164	154	45	ø	ø	PROPN
cjfa-45164	154	46	�	�	PROPN
cjfa-45164	154	47	0	0	NUM
cjfa-45164	154	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	154	49	�	�	PROPN
cjfa-45164	154	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	154	51	,	,	PUNCT
cjfa-45164	154	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	154	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	154	54	,	,	PUNCT
cjfa-45164	154	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	154	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	154	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	154	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	154	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	154	60	�	�	PROPN
cjfa-45164	154	61	:	:	PUNCT
cjfa-45164	154	62	ø	ø	PROPN
cjfa-45164	154	63	�	�	PROPN
cjfa-45164	154	64	0	0	NUM
cjfa-45164	154	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	154	66	,	,	PUNCT
cjfa-45164	154	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	154	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	154	69	,	,	PUNCT
cjfa-45164	154	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	154	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	154	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	154	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	154	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	154	75	after	after	ADP
cjfa-45164	154	76	ascertaining	ascertain	VERB
cjfa-45164	154	77	the	the	DET
cjfa-45164	154	78	unit	unit	NOUN
cjfa-45164	154	79	root	root	NOUN
cjfa-45164	154	80	property	property	NOUN
cjfa-45164	154	81	of	of	ADP
cjfa-45164	154	82	the	the	DET
cjfa-45164	154	83	series	series	NOUN
cjfa-45164	154	84	,	,	PUNCT
cjfa-45164	154	85	this	this	DET
cjfa-45164	154	86	study	study	NOUN
cjfa-45164	154	87	performed	perform	VERB
cjfa-45164	154	88	test	test	NOUN
cjfa-45164	154	89	of	of	ADP
cjfa-45164	154	90	cointegration	cointegration	NOUN
cjfa-45164	154	91	among	among	ADP
cjfa-45164	154	92	the	the	DET
cjfa-45164	154	93	series	series	NOUN
cjfa-45164	154	94	.	.	PUNCT
cjfa-45164	155	1	cointegration	cointegration	NOUN
cjfa-45164	155	2	is	be	AUX
cjfa-45164	155	3	a	a	DET
cjfa-45164	155	4	measure	measure	NOUN
cjfa-45164	155	5	of	of	ADP
cjfa-45164	155	6	long	long	ADJ
cjfa-45164	155	7	-	-	PUNCT
cjfa-45164	155	8	run	run	NOUN
cjfa-45164	155	9	relationship	relationship	NOUN
cjfa-45164	155	10	or	or	CCONJ
cjfa-45164	155	11	equilibrium	equilibrium	NOUN
cjfa-45164	155	12	between	between	ADP
cjfa-45164	155	13	variables	variable	NOUN
cjfa-45164	155	14	which	which	PRON
cjfa-45164	155	15	are	be	AUX
cjfa-45164	155	16	individually	individually	ADV
cjfa-45164	155	17	non	non	ADJ
cjfa-45164	155	18	-	-	ADJ
cjfa-45164	155	19	stationary	stationary	ADJ
cjfa-45164	155	20	.	.	PUNCT
cjfa-45164	156	1	to	to	PART
cjfa-45164	156	2	ascertain	ascertain	VERB
cjfa-45164	156	3	whether	whether	SCONJ
cjfa-45164	156	4	or	or	CCONJ
cjfa-45164	156	5	not	not	PART
cjfa-45164	156	6	there	there	PRON
cjfa-45164	156	7	is	be	VERB
cjfa-45164	156	8	cointegration	cointegration	NOUN
cjfa-45164	156	9	,	,	PUNCT
cjfa-45164	156	10	the	the	DET
cjfa-45164	156	11	johansen	johansen	PROPN
cjfa-45164	156	12	and	and	CCONJ
cjfa-45164	156	13	juselius	juselius	PROPN
cjfa-45164	156	14	cointegration	cointegration	NOUN
cjfa-45164	156	15	test	test	NOUN
cjfa-45164	156	16	was	be	AUX
cjfa-45164	156	17	conducted	conduct	VERB
cjfa-45164	156	18	.	.	PUNCT
cjfa-45164	157	1	the	the	DET
cjfa-45164	157	2	johansen	johansen	PROPN
cjfa-45164	157	3	and	and	CCONJ
cjfa-45164	157	4	juselius	juselius	NOUN
cjfa-45164	157	5	cointegration	cointegration	NOUN
cjfa-45164	157	6	test	test	NOUN
cjfa-45164	157	7	.	.	PUNCT
cjfa-45164	157	8	is	be	AUX
cjfa-45164	157	9	only	only	ADV
cjfa-45164	157	10	applicable	applicable	ADJ
cjfa-45164	157	11	to	to	ADP
cjfa-45164	157	12	variables	variable	NOUN
cjfa-45164	157	13	that	that	PRON
cjfa-45164	157	14	are	be	AUX
cjfa-45164	157	15	nonstationary	nonstationary	ADJ
cjfa-45164	157	16	and	and	CCONJ
cjfa-45164	157	17	are	be	AUX
cjfa-45164	157	18	integrated	integrate	VERB
cjfa-45164	157	19	of	of	ADP
cjfa-45164	157	20	the	the	DET
cjfa-45164	157	21	same	same	ADJ
cjfa-45164	157	22	order	order	NOUN
cjfa-45164	157	23	one	one	NUM
cjfa-45164	157	24	(	(	PUNCT
cjfa-45164	157	25	gujarati	gujarati	PROPN
cjfa-45164	157	26	&	&	CCONJ
cjfa-45164	157	27	porter	porter	PROPN
cjfa-45164	157	28	,	,	PUNCT
cjfa-45164	157	29	2018	2018	NUM
cjfa-45164	157	30	)	)	PUNCT
cjfa-45164	157	31	.	.	PUNCT
cjfa-45164	158	1	the	the	DET
cjfa-45164	158	2	johansen	johansen	PROPN
cjfa-45164	158	3	(	(	PUNCT
cjfa-45164	158	4	1991	1991	NUM
cjfa-45164	158	5	)	)	PUNCT
cjfa-45164	158	6	’s	’s	PART
cjfa-45164	158	7	cointegration	cointegration	NOUN
cjfa-45164	158	8	model	model	NOUN
cjfa-45164	158	9	is	be	AUX
cjfa-45164	158	10	specified	specify	VERB
cjfa-45164	158	11	in	in	ADP
cjfa-45164	158	12	equations	equation	NOUN
cjfa-45164	158	13	(	(	PUNCT
cjfa-45164	158	14	2	2	NUM
cjfa-45164	158	15	)	)	PUNCT
cjfa-45164	158	16	to	to	ADP
cjfa-45164	158	17	(	(	PUNCT
cjfa-45164	158	18	4	4	NUM
cjfa-45164	158	19	):	):	PUNCT
cjfa-45164	158	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	158	21	�	�	PROPN
cjfa-45164	158	22	�	�	PROPN
cjfa-45164	158	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	158	24	�	�	PROPN
cjfa-45164	158	25	�	�	PROPN
cjfa-45164	158	26	�	�	PROPN
cjfa-45164	158	27	�	�	PROPN
cjfa-45164	158	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	158	29	�	�	PROPN
cjfa-45164	158	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	158	31	�	�	PROPN
cjfa-45164	158	32	ß	ß	PRON
cjfa-45164	158	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	158	34	�	�	PROPN
cjfa-45164	158	35	�	�	PROPN
cjfa-45164	158	36	�	�	PROPN
cjfa-45164	158	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	158	38	�	�	PROPN
cjfa-45164	158	39	�	�	PROPN
cjfa-45164	158	40	�	�	PROPN
cjfa-45164	158	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	158	42	�	�	PROPN
cjfa-45164	158	43	2	2	NUM
cjfa-45164	158	44	�	�	PROPN
cjfa-45164	158	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	158	46	�	�	PROPN
cjfa-45164	158	47	�	�	PROPN
cjfa-45164	158	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	158	49	�	�	PROPN
cjfa-45164	158	50	�	�	PROPN
cjfa-45164	158	51	�	�	PROPN
cjfa-45164	158	52	�	�	PROPN
cjfa-45164	158	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	158	54	�	�	PROPN
cjfa-45164	158	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	158	56	�	�	PROPN
cjfa-45164	158	57	ß	ß	PRON
cjfa-45164	158	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	158	59	�	�	PROPN
cjfa-45164	158	60	�	�	PROPN
cjfa-45164	158	61	�	�	PROPN
cjfa-45164	158	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	158	63	�	�	PROPN
cjfa-45164	158	64	�	�	PROPN
cjfa-45164	158	65	�	�	PROPN
cjfa-45164	158	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	158	67	�	�	PROPN
cjfa-45164	158	68	3	3	NUM
cjfa-45164	158	69	�	�	PROPN
cjfa-45164	158	70	(	(	PUNCT
cjfa-45164	158	71	2	2	NUM
cjfa-45164	158	72	)	)	PUNCT
cjfa-45164	158	73	financial	financial	ADJ
cjfa-45164	158	74	inclusion	inclusion	NOUN
cjfa-45164	158	75	implications	implication	NOUN
cjfa-45164	158	76	on	on	ADP
cjfa-45164	158	77	the	the	DET
cjfa-45164	158	78	liquidity	liquidity	NOUN
cjfa-45164	158	79	…	…	PUNCT
cjfa-45164	158	80	1717	1717	NUM
cjfa-45164	158	81	time	time	NOUN
cjfa-45164	158	82	series	series	PROPN
cjfa-45164	158	83	data	datum	NOUN
cjfa-45164	158	84	to	to	PART
cjfa-45164	158	85	be	be	AUX
cjfa-45164	158	86	used	use	VERB
cjfa-45164	158	87	are	be	AUX
cjfa-45164	158	88	expected	expect	VERB
cjfa-45164	158	89	to	to	PART
cjfa-45164	158	90	be	be	AUX
cjfa-45164	158	91	stationary	stationary	ADJ
cjfa-45164	158	92	,	,	PUNCT
cjfa-45164	158	93	that	that	ADV
cjfa-45164	158	94	is	is	ADV
cjfa-45164	158	95	,	,	PUNCT
cjfa-45164	158	96	constant	constant	ADJ
cjfa-45164	158	97	variance	variance	NOUN
cjfa-45164	158	98	over	over	ADP
cjfa-45164	158	99	time	time	NOUN
cjfa-45164	158	100	and	and	CCONJ
cjfa-45164	158	101	the	the	DET
cjfa-45164	158	102	covariance	covariance	NOUN
cjfa-45164	158	103	value	value	NOUN
cjfa-45164	158	104	between	between	ADP
cjfa-45164	158	105	the	the	DET
cjfa-45164	158	106	two	two	NUM
cjfa-45164	158	107	time	time	NOUN
cjfa-45164	158	108	periods	period	NOUN
cjfa-45164	158	109	depends	depend	VERB
cjfa-45164	158	110	only	only	ADV
cjfa-45164	158	111	on	on	ADP
cjfa-45164	158	112	the	the	DET
cjfa-45164	158	113	distance	distance	NOUN
cjfa-45164	158	114	or	or	CCONJ
cjfa-45164	158	115	gap	gap	NOUN
cjfa-45164	158	116	or	or	CCONJ
cjfa-45164	158	117	lag	lag	VERB
cjfa-45164	158	118	between	between	ADP
cjfa-45164	158	119	the	the	DET
cjfa-45164	158	120	two	two	NUM
cjfa-45164	158	121	time	time	NOUN
cjfa-45164	158	122	periods	period	NOUN
cjfa-45164	158	123	and	and	CCONJ
cjfa-45164	158	124	not	not	PART
cjfa-45164	158	125	the	the	DET
cjfa-45164	158	126	actual	actual	ADJ
cjfa-45164	158	127	time	time	NOUN
cjfa-45164	158	128	at	at	ADP
cjfa-45164	158	129	which	which	PRON
cjfa-45164	158	130	the	the	DET
cjfa-45164	158	131	covariance	covariance	NOUN
cjfa-45164	158	132	is	be	AUX
cjfa-45164	158	133	computed	compute	VERB
cjfa-45164	158	134	(	(	PUNCT
cjfa-45164	158	135	gujarati	gujarati	PROPN
cjfa-45164	158	136	&	&	CCONJ
cjfa-45164	158	137	porter	porter	PROPN
cjfa-45164	158	138	,	,	PUNCT
cjfa-45164	158	139	2009	2009	NUM
cjfa-45164	158	140	)	)	PUNCT
cjfa-45164	158	141	.	.	PUNCT
cjfa-45164	159	1	therefore	therefore	ADV
cjfa-45164	159	2	,	,	PUNCT
cjfa-45164	159	3	it	it	PRON
cjfa-45164	159	4	is	be	AUX
cjfa-45164	159	5	important	important	ADJ
cjfa-45164	159	6	to	to	PART
cjfa-45164	159	7	check	check	VERB
cjfa-45164	159	8	whether	whether	SCONJ
cjfa-45164	159	9	a	a	DET
cjfa-45164	159	10	series	series	NOUN
cjfa-45164	159	11	is	be	AUX
cjfa-45164	159	12	stationary	stationary	ADJ
cjfa-45164	159	13	or	or	CCONJ
cjfa-45164	159	14	not	not	PART
cjfa-45164	159	15	before	before	ADP
cjfa-45164	159	16	using	use	VERB
cjfa-45164	159	17	it	it	PRON
cjfa-45164	159	18	in	in	ADP
cjfa-45164	159	19	a	a	DET
cjfa-45164	159	20	regression	regression	NOUN
cjfa-45164	159	21	.	.	PUNCT
cjfa-45164	160	1	in	in	ADP
cjfa-45164	160	2	evaluating	evaluate	VERB
cjfa-45164	160	3	the	the	DET
cjfa-45164	160	4	unit	unit	NOUN
cjfa-45164	160	5	root	root	NOUN
cjfa-45164	160	6	property	property	NOUN
cjfa-45164	160	7	of	of	ADP
cjfa-45164	160	8	the	the	DET
cjfa-45164	160	9	time	time	NOUN
cjfa-45164	160	10	series	series	NOUN
cjfa-45164	160	11	,	,	PUNCT
cjfa-45164	160	12	the	the	DET
cjfa-45164	160	13	augmented	augment	VERB
cjfa-45164	160	14	dickey	dickey	NOUN
cjfa-45164	160	15	-	-	PUNCT
cjfa-45164	160	16	fuller	full	ADJ
cjfa-45164	160	17	(	(	PUNCT
cjfa-45164	160	18	adf	adf	NOUN
cjfa-45164	160	19	)	)	PUNCT
cjfa-45164	160	20	unit	unit	NOUN
cjfa-45164	160	21	root	root	NOUN
cjfa-45164	160	22	test	test	NOUN
cjfa-45164	160	23	was	be	AUX
cjfa-45164	160	24	conducted	conduct	VERB
cjfa-45164	160	25	to	to	PART
cjfa-45164	160	26	determine	determine	VERB
cjfa-45164	160	27	the	the	DET
cjfa-45164	160	28	stationarity	stationarity	NOUN
cjfa-45164	160	29	or	or	CCONJ
cjfa-45164	160	30	otherwise	otherwise	ADV
cjfa-45164	160	31	of	of	ADP
cjfa-45164	160	32	each	each	DET
cjfa-45164	160	33	variable	variable	NOUN
cjfa-45164	160	34	as	as	ADV
cjfa-45164	160	35	well	well	ADV
cjfa-45164	160	36	as	as	ADP
cjfa-45164	160	37	ascertain	ascertain	VERB
cjfa-45164	160	38	the	the	DET
cjfa-45164	160	39	level	level	NOUN
cjfa-45164	160	40	of	of	ADP
cjfa-45164	160	41	integration	integration	NOUN
cjfa-45164	160	42	of	of	ADP
cjfa-45164	160	43	the	the	DET
cjfa-45164	160	44	variables	variable	NOUN
cjfa-45164	160	45	.	.	PUNCT
cjfa-45164	161	1	however	however	ADV
cjfa-45164	161	2	,	,	PUNCT
cjfa-45164	161	3	if	if	SCONJ
cjfa-45164	161	4	the	the	DET
cjfa-45164	161	5	time	time	NOUN
cjfa-45164	161	6	series	series	PROPN
cjfa-45164	161	7	are	be	AUX
cjfa-45164	161	8	found	find	VERB
cjfa-45164	161	9	to	to	PART
cjfa-45164	161	10	be	be	AUX
cjfa-45164	161	11	non	non	ADJ
cjfa-45164	161	12	-	-	ADJ
cjfa-45164	161	13	stationary	stationary	ADJ
cjfa-45164	161	14	,	,	PUNCT
cjfa-45164	161	15	the	the	DET
cjfa-45164	161	16	order	order	NOUN
cjfa-45164	161	17	of	of	ADP
cjfa-45164	161	18	integration	integration	NOUN
cjfa-45164	161	19	is	be	AUX
cjfa-45164	161	20	ascertained	ascertain	VERB
cjfa-45164	161	21	and	and	CCONJ
cjfa-45164	161	22	the	the	DET
cjfa-45164	161	23	stationary	stationary	ADJ
cjfa-45164	161	24	form	form	NOUN
cjfa-45164	161	25	of	of	ADP
cjfa-45164	161	26	the	the	DET
cjfa-45164	161	27	variable	variable	NOUN
cjfa-45164	161	28	is	be	AUX
cjfa-45164	161	29	added	add	VERB
cjfa-45164	161	30	to	to	ADP
cjfa-45164	161	31	the	the	DET
cjfa-45164	161	32	var	var	NOUN
cjfa-45164	161	33	model	model	NOUN
cjfa-45164	161	34	(	(	PUNCT
cjfa-45164	161	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	161	36	&	&	CCONJ
cjfa-45164	161	37	mate	mate	NOUN
cjfa-45164	161	38	,	,	PUNCT
cjfa-45164	161	39	2010	2010	NUM
cjfa-45164	161	40	)	)	PUNCT
cjfa-45164	161	41	.	.	PUNCT
cjfa-45164	162	1	the	the	DET
cjfa-45164	162	2	adf	adf	PROPN
cjfa-45164	162	3	is	be	AUX
cjfa-45164	162	4	expressed	express	VERB
cjfa-45164	162	5	as	as	ADP
cjfa-45164	162	6	in	in	ADP
cjfa-45164	162	7	equation	equation	NOUN
cjfa-45164	162	8	(	(	PUNCT
cjfa-45164	162	9	1	1	NUM
cjfa-45164	162	10	):	):	PUNCT
cjfa-45164	162	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	162	12	�	�	PROPN
cjfa-45164	162	13	�	�	PROPN
cjfa-45164	162	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	163	1	�	�	PROPN
cjfa-45164	163	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	163	3	�	�	PROPN
cjfa-45164	163	4	�	�	PROPN
cjfa-45164	163	5	�	�	PROPN
cjfa-45164	163	6	�	�	PROPN
cjfa-45164	163	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	163	8	�	�	PROPN
cjfa-45164	163	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	163	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	163	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	163	12	�	�	PROPN
cjfa-45164	163	13	�	�	PROPN
cjfa-45164	163	14	�	�	PROPN
cjfa-45164	163	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	163	16	�	�	PROPN
cjfa-45164	163	17	1	1	NUM
cjfa-45164	163	18	�	�	PROPN
cjfa-45164	163	19	the	the	DET
cjfa-45164	163	20	null	null	ADJ
cjfa-45164	163	21	(	(	PUNCT
cjfa-45164	163	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	163	23	�	�	PROPN
cjfa-45164	163	24	)	)	PUNCT
cjfa-45164	163	25	and	and	CCONJ
cjfa-45164	163	26	alternative	alternative	ADJ
cjfa-45164	163	27	(	(	PUNCT
cjfa-45164	163	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	163	29	�	�	PROPN
cjfa-45164	163	30	)	)	PUNCT
cjfa-45164	163	31	hypotheses	hypothesis	NOUN
cjfa-45164	163	32	of	of	ADP
cjfa-45164	163	33	the	the	DET
cjfa-45164	163	34	adf	adf	PROPN
cjfa-45164	163	35	unit	unit	NOUN
cjfa-45164	163	36	root	root	PROPN
cjfa-45164	163	37	test	test	NOUN
cjfa-45164	163	38	are	be	AUX
cjfa-45164	163	39	stated	state	VERB
cjfa-45164	163	40	thus	thus	ADV
cjfa-45164	163	41	:	:	PUNCT
cjfa-45164	163	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	163	43	�	�	PROPN
cjfa-45164	163	44	:	:	PUNCT
cjfa-45164	163	45	ø	ø	PROPN
cjfa-45164	163	46	�	�	PROPN
cjfa-45164	163	47	0	0	NUM
cjfa-45164	163	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	163	49	�	�	PROPN
cjfa-45164	163	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	163	51	,	,	PUNCT
cjfa-45164	163	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	163	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	163	54	,	,	PUNCT
cjfa-45164	163	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	163	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	163	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	163	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	163	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	163	60	�	�	PROPN
cjfa-45164	163	61	:	:	PUNCT
cjfa-45164	163	62	ø	ø	PROPN
cjfa-45164	163	63	�	�	PROPN
cjfa-45164	163	64	0	0	NUM
cjfa-45164	163	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	163	66	,	,	PUNCT
cjfa-45164	163	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	163	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	163	69	,	,	PUNCT
cjfa-45164	163	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	163	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	163	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	163	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	163	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	163	75	after	after	ADP
cjfa-45164	163	76	ascertaining	ascertain	VERB
cjfa-45164	163	77	the	the	DET
cjfa-45164	163	78	unit	unit	NOUN
cjfa-45164	163	79	root	root	NOUN
cjfa-45164	163	80	property	property	NOUN
cjfa-45164	163	81	of	of	ADP
cjfa-45164	163	82	the	the	DET
cjfa-45164	163	83	series	series	NOUN
cjfa-45164	163	84	,	,	PUNCT
cjfa-45164	163	85	this	this	DET
cjfa-45164	163	86	study	study	NOUN
cjfa-45164	163	87	performed	perform	VERB
cjfa-45164	163	88	test	test	NOUN
cjfa-45164	163	89	of	of	ADP
cjfa-45164	163	90	cointegration	cointegration	NOUN
cjfa-45164	163	91	among	among	ADP
cjfa-45164	163	92	the	the	DET
cjfa-45164	163	93	series	series	NOUN
cjfa-45164	163	94	.	.	PUNCT
cjfa-45164	164	1	cointegration	cointegration	NOUN
cjfa-45164	164	2	is	be	AUX
cjfa-45164	164	3	a	a	DET
cjfa-45164	164	4	measure	measure	NOUN
cjfa-45164	164	5	of	of	ADP
cjfa-45164	164	6	long	long	ADJ
cjfa-45164	164	7	-	-	PUNCT
cjfa-45164	164	8	run	run	NOUN
cjfa-45164	164	9	relationship	relationship	NOUN
cjfa-45164	164	10	or	or	CCONJ
cjfa-45164	164	11	equilibrium	equilibrium	NOUN
cjfa-45164	164	12	between	between	ADP
cjfa-45164	164	13	variables	variable	NOUN
cjfa-45164	164	14	which	which	PRON
cjfa-45164	164	15	are	be	AUX
cjfa-45164	164	16	individually	individually	ADV
cjfa-45164	164	17	non	non	ADJ
cjfa-45164	164	18	-	-	ADJ
cjfa-45164	164	19	stationary	stationary	ADJ
cjfa-45164	164	20	.	.	PUNCT
cjfa-45164	165	1	to	to	PART
cjfa-45164	165	2	ascertain	ascertain	VERB
cjfa-45164	165	3	whether	whether	SCONJ
cjfa-45164	165	4	or	or	CCONJ
cjfa-45164	165	5	not	not	PART
cjfa-45164	165	6	there	there	PRON
cjfa-45164	165	7	is	be	VERB
cjfa-45164	165	8	cointegration	cointegration	NOUN
cjfa-45164	165	9	,	,	PUNCT
cjfa-45164	165	10	the	the	DET
cjfa-45164	165	11	johansen	johansen	PROPN
cjfa-45164	165	12	and	and	CCONJ
cjfa-45164	165	13	juselius	juselius	PROPN
cjfa-45164	165	14	cointegration	cointegration	NOUN
cjfa-45164	165	15	test	test	NOUN
cjfa-45164	165	16	was	be	AUX
cjfa-45164	165	17	conducted	conduct	VERB
cjfa-45164	165	18	.	.	PUNCT
cjfa-45164	166	1	the	the	DET
cjfa-45164	166	2	johansen	johansen	PROPN
cjfa-45164	166	3	and	and	CCONJ
cjfa-45164	166	4	juselius	juselius	NOUN
cjfa-45164	166	5	cointegration	cointegration	NOUN
cjfa-45164	166	6	test	test	NOUN
cjfa-45164	166	7	.	.	PUNCT
cjfa-45164	166	8	is	be	AUX
cjfa-45164	166	9	only	only	ADV
cjfa-45164	166	10	applicable	applicable	ADJ
cjfa-45164	166	11	to	to	ADP
cjfa-45164	166	12	variables	variable	NOUN
cjfa-45164	166	13	that	that	PRON
cjfa-45164	166	14	are	be	AUX
cjfa-45164	166	15	nonstationary	nonstationary	ADJ
cjfa-45164	166	16	and	and	CCONJ
cjfa-45164	166	17	are	be	AUX
cjfa-45164	166	18	integrated	integrate	VERB
cjfa-45164	166	19	of	of	ADP
cjfa-45164	166	20	the	the	DET
cjfa-45164	166	21	same	same	ADJ
cjfa-45164	166	22	order	order	NOUN
cjfa-45164	166	23	one	one	NUM
cjfa-45164	166	24	(	(	PUNCT
cjfa-45164	166	25	gujarati	gujarati	PROPN
cjfa-45164	166	26	&	&	CCONJ
cjfa-45164	166	27	porter	porter	PROPN
cjfa-45164	166	28	,	,	PUNCT
cjfa-45164	166	29	2018	2018	NUM
cjfa-45164	166	30	)	)	PUNCT
cjfa-45164	166	31	.	.	PUNCT
cjfa-45164	167	1	the	the	DET
cjfa-45164	167	2	johansen	johansen	PROPN
cjfa-45164	167	3	(	(	PUNCT
cjfa-45164	167	4	1991	1991	NUM
cjfa-45164	167	5	)	)	PUNCT
cjfa-45164	167	6	’s	’s	PART
cjfa-45164	167	7	cointegration	cointegration	NOUN
cjfa-45164	167	8	model	model	NOUN
cjfa-45164	167	9	is	be	AUX
cjfa-45164	167	10	specified	specify	VERB
cjfa-45164	167	11	in	in	ADP
cjfa-45164	167	12	equations	equation	NOUN
cjfa-45164	167	13	(	(	PUNCT
cjfa-45164	167	14	2	2	NUM
cjfa-45164	167	15	)	)	PUNCT
cjfa-45164	167	16	to	to	SCONJ
cjfa-45164	167	17	(	(	PUNCT
cjfa-45164	167	18	4	4	NUM
cjfa-45164	167	19	):	):	PUNCT
cjfa-45164	167	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	167	21	�	�	PROPN
cjfa-45164	167	22	�	�	PROPN
cjfa-45164	167	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	167	24	�	�	PROPN
cjfa-45164	167	25	�	�	PROPN
cjfa-45164	167	26	�	�	PROPN
cjfa-45164	167	27	�	�	PROPN
cjfa-45164	167	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	167	29	�	�	PROPN
cjfa-45164	167	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	167	31	�	�	PROPN
cjfa-45164	167	32	ß	ß	PRON
cjfa-45164	167	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	167	34	�	�	PROPN
cjfa-45164	167	35	�	�	PROPN
cjfa-45164	167	36	�	�	PROPN
cjfa-45164	167	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	167	38	�	�	PROPN
cjfa-45164	167	39	�	�	PROPN
cjfa-45164	167	40	�	�	PROPN
cjfa-45164	167	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	167	42	�	�	PROPN
cjfa-45164	167	43	2	2	NUM
cjfa-45164	167	44	�	�	PROPN
cjfa-45164	167	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	167	46	�	�	PROPN
cjfa-45164	167	47	�	�	PROPN
cjfa-45164	167	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	167	49	�	�	PROPN
cjfa-45164	167	50	�	�	PROPN
cjfa-45164	167	51	�	�	PROPN
cjfa-45164	167	52	�	�	PROPN
cjfa-45164	167	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	167	54	�	�	PROPN
cjfa-45164	167	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	167	56	�	�	PROPN
cjfa-45164	167	57	ß	ß	PRON
cjfa-45164	167	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	167	59	�	�	PROPN
cjfa-45164	167	60	�	�	PROPN
cjfa-45164	167	61	�	�	PROPN
cjfa-45164	167	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	167	63	�	�	PROPN
cjfa-45164	167	64	�	�	PROPN
cjfa-45164	167	65	�	�	PROPN
cjfa-45164	167	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	167	67	�	�	PROPN
cjfa-45164	167	68	3	3	NUM
cjfa-45164	167	69	�	�	PROPN
cjfa-45164	167	70	time	time	NOUN
cjfa-45164	167	71	series	series	PROPN
cjfa-45164	167	72	data	datum	NOUN
cjfa-45164	167	73	to	to	PART
cjfa-45164	167	74	be	be	AUX
cjfa-45164	167	75	used	use	VERB
cjfa-45164	167	76	are	be	AUX
cjfa-45164	167	77	expected	expect	VERB
cjfa-45164	167	78	to	to	PART
cjfa-45164	167	79	be	be	AUX
cjfa-45164	167	80	stationary	stationary	ADJ
cjfa-45164	167	81	,	,	PUNCT
cjfa-45164	167	82	that	that	ADV
cjfa-45164	167	83	is	is	ADV
cjfa-45164	167	84	,	,	PUNCT
cjfa-45164	167	85	constant	constant	ADJ
cjfa-45164	167	86	variance	variance	NOUN
cjfa-45164	167	87	over	over	ADP
cjfa-45164	167	88	time	time	NOUN
cjfa-45164	167	89	and	and	CCONJ
cjfa-45164	167	90	the	the	DET
cjfa-45164	167	91	covariance	covariance	NOUN
cjfa-45164	167	92	value	value	NOUN
cjfa-45164	167	93	between	between	ADP
cjfa-45164	167	94	the	the	DET
cjfa-45164	167	95	two	two	NUM
cjfa-45164	167	96	time	time	NOUN
cjfa-45164	167	97	periods	period	NOUN
cjfa-45164	167	98	depends	depend	VERB
cjfa-45164	167	99	only	only	ADV
cjfa-45164	167	100	on	on	ADP
cjfa-45164	167	101	the	the	DET
cjfa-45164	167	102	distance	distance	NOUN
cjfa-45164	167	103	or	or	CCONJ
cjfa-45164	167	104	gap	gap	NOUN
cjfa-45164	167	105	or	or	CCONJ
cjfa-45164	167	106	lag	lag	VERB
cjfa-45164	167	107	between	between	ADP
cjfa-45164	167	108	the	the	DET
cjfa-45164	167	109	two	two	NUM
cjfa-45164	167	110	time	time	NOUN
cjfa-45164	167	111	periods	period	NOUN
cjfa-45164	167	112	and	and	CCONJ
cjfa-45164	167	113	not	not	PART
cjfa-45164	167	114	the	the	DET
cjfa-45164	167	115	actual	actual	ADJ
cjfa-45164	167	116	time	time	NOUN
cjfa-45164	167	117	at	at	ADP
cjfa-45164	167	118	which	which	PRON
cjfa-45164	167	119	the	the	DET
cjfa-45164	167	120	covariance	covariance	NOUN
cjfa-45164	167	121	is	be	AUX
cjfa-45164	167	122	computed	compute	VERB
cjfa-45164	167	123	(	(	PUNCT
cjfa-45164	167	124	gujarati	gujarati	PROPN
cjfa-45164	167	125	&	&	CCONJ
cjfa-45164	167	126	porter	porter	PROPN
cjfa-45164	167	127	,	,	PUNCT
cjfa-45164	167	128	2009	2009	NUM
cjfa-45164	167	129	)	)	PUNCT
cjfa-45164	167	130	.	.	PUNCT
cjfa-45164	168	1	therefore	therefore	ADV
cjfa-45164	168	2	,	,	PUNCT
cjfa-45164	168	3	it	it	PRON
cjfa-45164	168	4	is	be	AUX
cjfa-45164	168	5	important	important	ADJ
cjfa-45164	168	6	to	to	PART
cjfa-45164	168	7	check	check	VERB
cjfa-45164	168	8	whether	whether	SCONJ
cjfa-45164	168	9	a	a	DET
cjfa-45164	168	10	series	series	NOUN
cjfa-45164	168	11	is	be	AUX
cjfa-45164	168	12	stationary	stationary	ADJ
cjfa-45164	168	13	or	or	CCONJ
cjfa-45164	168	14	not	not	PART
cjfa-45164	168	15	before	before	ADP
cjfa-45164	168	16	using	use	VERB
cjfa-45164	168	17	it	it	PRON
cjfa-45164	168	18	in	in	ADP
cjfa-45164	168	19	a	a	DET
cjfa-45164	168	20	regression	regression	NOUN
cjfa-45164	168	21	.	.	PUNCT
cjfa-45164	169	1	in	in	ADP
cjfa-45164	169	2	evaluating	evaluate	VERB
cjfa-45164	169	3	the	the	DET
cjfa-45164	169	4	unit	unit	NOUN
cjfa-45164	169	5	root	root	NOUN
cjfa-45164	169	6	property	property	NOUN
cjfa-45164	169	7	of	of	ADP
cjfa-45164	169	8	the	the	DET
cjfa-45164	169	9	time	time	NOUN
cjfa-45164	169	10	series	series	NOUN
cjfa-45164	169	11	,	,	PUNCT
cjfa-45164	169	12	the	the	DET
cjfa-45164	169	13	augmented	augment	VERB
cjfa-45164	169	14	dickey	dickey	NOUN
cjfa-45164	169	15	-	-	PUNCT
cjfa-45164	169	16	fuller	full	ADJ
cjfa-45164	169	17	(	(	PUNCT
cjfa-45164	169	18	adf	adf	NOUN
cjfa-45164	169	19	)	)	PUNCT
cjfa-45164	169	20	unit	unit	NOUN
cjfa-45164	169	21	root	root	NOUN
cjfa-45164	169	22	test	test	NOUN
cjfa-45164	169	23	was	be	AUX
cjfa-45164	169	24	conducted	conduct	VERB
cjfa-45164	169	25	to	to	PART
cjfa-45164	169	26	determine	determine	VERB
cjfa-45164	169	27	the	the	DET
cjfa-45164	169	28	stationarity	stationarity	NOUN
cjfa-45164	169	29	or	or	CCONJ
cjfa-45164	169	30	otherwise	otherwise	ADV
cjfa-45164	169	31	of	of	ADP
cjfa-45164	169	32	each	each	DET
cjfa-45164	169	33	variable	variable	NOUN
cjfa-45164	169	34	as	as	ADV
cjfa-45164	169	35	well	well	ADV
cjfa-45164	169	36	as	as	ADP
cjfa-45164	169	37	ascertain	ascertain	VERB
cjfa-45164	169	38	the	the	DET
cjfa-45164	169	39	level	level	NOUN
cjfa-45164	169	40	of	of	ADP
cjfa-45164	169	41	integration	integration	NOUN
cjfa-45164	169	42	of	of	ADP
cjfa-45164	169	43	the	the	DET
cjfa-45164	169	44	variables	variable	NOUN
cjfa-45164	169	45	.	.	PUNCT
cjfa-45164	170	1	however	however	ADV
cjfa-45164	170	2	,	,	PUNCT
cjfa-45164	170	3	if	if	SCONJ
cjfa-45164	170	4	the	the	DET
cjfa-45164	170	5	time	time	NOUN
cjfa-45164	170	6	series	series	PROPN
cjfa-45164	170	7	are	be	AUX
cjfa-45164	170	8	found	find	VERB
cjfa-45164	170	9	to	to	PART
cjfa-45164	170	10	be	be	AUX
cjfa-45164	170	11	non	non	ADJ
cjfa-45164	170	12	-	-	ADJ
cjfa-45164	170	13	stationary	stationary	ADJ
cjfa-45164	170	14	,	,	PUNCT
cjfa-45164	170	15	the	the	DET
cjfa-45164	170	16	order	order	NOUN
cjfa-45164	170	17	of	of	ADP
cjfa-45164	170	18	integration	integration	NOUN
cjfa-45164	170	19	is	be	AUX
cjfa-45164	170	20	ascertained	ascertain	VERB
cjfa-45164	170	21	and	and	CCONJ
cjfa-45164	170	22	the	the	DET
cjfa-45164	170	23	stationary	stationary	ADJ
cjfa-45164	170	24	form	form	NOUN
cjfa-45164	170	25	of	of	ADP
cjfa-45164	170	26	the	the	DET
cjfa-45164	170	27	variable	variable	NOUN
cjfa-45164	170	28	is	be	AUX
cjfa-45164	170	29	added	add	VERB
cjfa-45164	170	30	to	to	ADP
cjfa-45164	170	31	the	the	DET
cjfa-45164	170	32	var	var	NOUN
cjfa-45164	170	33	model	model	NOUN
cjfa-45164	170	34	(	(	PUNCT
cjfa-45164	170	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	170	36	&	&	CCONJ
cjfa-45164	170	37	mate	mate	NOUN
cjfa-45164	170	38	,	,	PUNCT
cjfa-45164	170	39	2010	2010	NUM
cjfa-45164	170	40	)	)	PUNCT
cjfa-45164	170	41	.	.	PUNCT
cjfa-45164	171	1	the	the	DET
cjfa-45164	171	2	adf	adf	PROPN
cjfa-45164	171	3	is	be	AUX
cjfa-45164	171	4	expressed	express	VERB
cjfa-45164	171	5	as	as	ADP
cjfa-45164	171	6	in	in	ADP
cjfa-45164	171	7	equation	equation	NOUN
cjfa-45164	171	8	(	(	PUNCT
cjfa-45164	171	9	1	1	NUM
cjfa-45164	171	10	):	):	PUNCT
cjfa-45164	171	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	171	12	�	�	PROPN
cjfa-45164	171	13	�	�	PROPN
cjfa-45164	171	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	172	1	�	�	PROPN
cjfa-45164	172	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	172	3	�	�	PROPN
cjfa-45164	172	4	�	�	PROPN
cjfa-45164	172	5	�	�	PROPN
cjfa-45164	172	6	�	�	PROPN
cjfa-45164	172	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	172	8	�	�	PROPN
cjfa-45164	172	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	172	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	172	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	172	12	�	�	PROPN
cjfa-45164	172	13	�	�	PROPN
cjfa-45164	172	14	�	�	PROPN
cjfa-45164	172	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	172	16	�	�	PROPN
cjfa-45164	172	17	1	1	NUM
cjfa-45164	172	18	�	�	PROPN
cjfa-45164	172	19	the	the	DET
cjfa-45164	172	20	null	null	ADJ
cjfa-45164	172	21	(	(	PUNCT
cjfa-45164	172	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	172	23	�	�	PROPN
cjfa-45164	172	24	)	)	PUNCT
cjfa-45164	172	25	and	and	CCONJ
cjfa-45164	172	26	alternative	alternative	ADJ
cjfa-45164	172	27	(	(	PUNCT
cjfa-45164	172	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	172	29	�	�	PROPN
cjfa-45164	172	30	)	)	PUNCT
cjfa-45164	172	31	hypotheses	hypothesis	NOUN
cjfa-45164	172	32	of	of	ADP
cjfa-45164	172	33	the	the	DET
cjfa-45164	172	34	adf	adf	PROPN
cjfa-45164	172	35	unit	unit	NOUN
cjfa-45164	172	36	root	root	PROPN
cjfa-45164	172	37	test	test	NOUN
cjfa-45164	172	38	are	be	AUX
cjfa-45164	172	39	stated	state	VERB
cjfa-45164	172	40	thus	thus	ADV
cjfa-45164	172	41	:	:	PUNCT
cjfa-45164	172	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	172	43	�	�	PROPN
cjfa-45164	172	44	:	:	PUNCT
cjfa-45164	172	45	ø	ø	PROPN
cjfa-45164	172	46	�	�	PROPN
cjfa-45164	172	47	0	0	NUM
cjfa-45164	172	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	172	49	�	�	PROPN
cjfa-45164	172	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	172	51	,	,	PUNCT
cjfa-45164	172	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	172	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	172	54	,	,	PUNCT
cjfa-45164	172	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	172	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	172	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	172	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	172	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	172	60	�	�	PROPN
cjfa-45164	172	61	:	:	PUNCT
cjfa-45164	172	62	ø	ø	PROPN
cjfa-45164	172	63	�	�	PROPN
cjfa-45164	172	64	0	0	NUM
cjfa-45164	172	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	172	66	,	,	PUNCT
cjfa-45164	172	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	172	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	172	69	,	,	PUNCT
cjfa-45164	172	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	172	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	172	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	172	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	172	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	172	75	after	after	ADP
cjfa-45164	172	76	ascertaining	ascertain	VERB
cjfa-45164	172	77	the	the	DET
cjfa-45164	172	78	unit	unit	NOUN
cjfa-45164	172	79	root	root	NOUN
cjfa-45164	172	80	property	property	NOUN
cjfa-45164	172	81	of	of	ADP
cjfa-45164	172	82	the	the	DET
cjfa-45164	172	83	series	series	NOUN
cjfa-45164	172	84	,	,	PUNCT
cjfa-45164	172	85	this	this	DET
cjfa-45164	172	86	study	study	NOUN
cjfa-45164	172	87	performed	perform	VERB
cjfa-45164	172	88	test	test	NOUN
cjfa-45164	172	89	of	of	ADP
cjfa-45164	172	90	cointegration	cointegration	NOUN
cjfa-45164	172	91	among	among	ADP
cjfa-45164	172	92	the	the	DET
cjfa-45164	172	93	series	series	NOUN
cjfa-45164	172	94	.	.	PUNCT
cjfa-45164	173	1	cointegration	cointegration	NOUN
cjfa-45164	173	2	is	be	AUX
cjfa-45164	173	3	a	a	DET
cjfa-45164	173	4	measure	measure	NOUN
cjfa-45164	173	5	of	of	ADP
cjfa-45164	173	6	long	long	ADJ
cjfa-45164	173	7	-	-	PUNCT
cjfa-45164	173	8	run	run	NOUN
cjfa-45164	173	9	relationship	relationship	NOUN
cjfa-45164	173	10	or	or	CCONJ
cjfa-45164	173	11	equilibrium	equilibrium	NOUN
cjfa-45164	173	12	between	between	ADP
cjfa-45164	173	13	variables	variable	NOUN
cjfa-45164	173	14	which	which	PRON
cjfa-45164	173	15	are	be	AUX
cjfa-45164	173	16	individually	individually	ADV
cjfa-45164	173	17	non	non	ADJ
cjfa-45164	173	18	-	-	ADJ
cjfa-45164	173	19	stationary	stationary	ADJ
cjfa-45164	173	20	.	.	PUNCT
cjfa-45164	174	1	to	to	PART
cjfa-45164	174	2	ascertain	ascertain	VERB
cjfa-45164	174	3	whether	whether	SCONJ
cjfa-45164	174	4	or	or	CCONJ
cjfa-45164	174	5	not	not	PART
cjfa-45164	174	6	there	there	PRON
cjfa-45164	174	7	is	be	VERB
cjfa-45164	174	8	cointegration	cointegration	NOUN
cjfa-45164	174	9	,	,	PUNCT
cjfa-45164	174	10	the	the	DET
cjfa-45164	174	11	johansen	johansen	PROPN
cjfa-45164	174	12	and	and	CCONJ
cjfa-45164	174	13	juselius	juselius	PROPN
cjfa-45164	174	14	cointegration	cointegration	NOUN
cjfa-45164	174	15	test	test	NOUN
cjfa-45164	174	16	was	be	AUX
cjfa-45164	174	17	conducted	conduct	VERB
cjfa-45164	174	18	.	.	PUNCT
cjfa-45164	175	1	the	the	DET
cjfa-45164	175	2	johansen	johansen	PROPN
cjfa-45164	175	3	and	and	CCONJ
cjfa-45164	175	4	juselius	juselius	NOUN
cjfa-45164	175	5	cointegration	cointegration	NOUN
cjfa-45164	175	6	test	test	NOUN
cjfa-45164	175	7	.	.	PUNCT
cjfa-45164	175	8	is	be	AUX
cjfa-45164	175	9	only	only	ADV
cjfa-45164	175	10	applicable	applicable	ADJ
cjfa-45164	175	11	to	to	ADP
cjfa-45164	175	12	variables	variable	NOUN
cjfa-45164	175	13	that	that	PRON
cjfa-45164	175	14	are	be	AUX
cjfa-45164	175	15	nonstationary	nonstationary	ADJ
cjfa-45164	175	16	and	and	CCONJ
cjfa-45164	175	17	are	be	AUX
cjfa-45164	175	18	integrated	integrate	VERB
cjfa-45164	175	19	of	of	ADP
cjfa-45164	175	20	the	the	DET
cjfa-45164	175	21	same	same	ADJ
cjfa-45164	175	22	order	order	NOUN
cjfa-45164	175	23	one	one	NUM
cjfa-45164	175	24	(	(	PUNCT
cjfa-45164	175	25	gujarati	gujarati	PROPN
cjfa-45164	175	26	&	&	CCONJ
cjfa-45164	175	27	porter	porter	PROPN
cjfa-45164	175	28	,	,	PUNCT
cjfa-45164	175	29	2018	2018	NUM
cjfa-45164	175	30	)	)	PUNCT
cjfa-45164	175	31	.	.	PUNCT
cjfa-45164	176	1	the	the	DET
cjfa-45164	176	2	johansen	johansen	PROPN
cjfa-45164	176	3	(	(	PUNCT
cjfa-45164	176	4	1991	1991	NUM
cjfa-45164	176	5	)	)	PUNCT
cjfa-45164	176	6	’s	’s	PART
cjfa-45164	176	7	cointegration	cointegration	NOUN
cjfa-45164	176	8	model	model	NOUN
cjfa-45164	176	9	is	be	AUX
cjfa-45164	176	10	specified	specify	VERB
cjfa-45164	176	11	in	in	ADP
cjfa-45164	176	12	equations	equation	NOUN
cjfa-45164	176	13	(	(	PUNCT
cjfa-45164	176	14	2	2	NUM
cjfa-45164	176	15	)	)	PUNCT
cjfa-45164	176	16	to	to	ADP
cjfa-45164	176	17	(	(	PUNCT
cjfa-45164	176	18	4	4	NUM
cjfa-45164	176	19	):	):	PUNCT
cjfa-45164	176	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	176	21	�	�	PROPN
cjfa-45164	176	22	�	�	PROPN
cjfa-45164	176	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	176	24	�	�	PROPN
cjfa-45164	176	25	�	�	PROPN
cjfa-45164	176	26	�	�	PROPN
cjfa-45164	176	27	�	�	PROPN
cjfa-45164	176	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	176	29	�	�	PROPN
cjfa-45164	176	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	176	31	�	�	PROPN
cjfa-45164	176	32	ß	ß	PRON
cjfa-45164	176	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	176	34	�	�	PROPN
cjfa-45164	176	35	�	�	PROPN
cjfa-45164	176	36	�	�	PROPN
cjfa-45164	176	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	176	38	�	�	PROPN
cjfa-45164	176	39	�	�	PROPN
cjfa-45164	176	40	�	�	PROPN
cjfa-45164	176	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	176	42	�	�	PROPN
cjfa-45164	176	43	2	2	NUM
cjfa-45164	176	44	�	�	PROPN
cjfa-45164	176	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	176	46	�	�	PROPN
cjfa-45164	176	47	�	�	PROPN
cjfa-45164	176	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	176	49	�	�	PROPN
cjfa-45164	176	50	�	�	PROPN
cjfa-45164	176	51	�	�	PROPN
cjfa-45164	176	52	�	�	PROPN
cjfa-45164	176	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	176	54	�	�	PROPN
cjfa-45164	176	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	176	56	�	�	PROPN
cjfa-45164	176	57	ß	ß	PRON
cjfa-45164	176	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	176	59	�	�	PROPN
cjfa-45164	176	60	�	�	PROPN
cjfa-45164	176	61	�	�	PROPN
cjfa-45164	176	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	176	63	�	�	PROPN
cjfa-45164	176	64	�	�	PROPN
cjfa-45164	176	65	�	�	PROPN
cjfa-45164	176	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	176	67	�	�	PROPN
cjfa-45164	176	68	3	3	NUM
cjfa-45164	176	69	�	�	PROPN
cjfa-45164	176	70	(	(	PUNCT
cjfa-45164	176	71	3	3	NUM
cjfa-45164	176	72	)	)	PUNCT
cjfa-45164	176	73	time	time	NOUN
cjfa-45164	176	74	series	series	PROPN
cjfa-45164	176	75	data	datum	NOUN
cjfa-45164	176	76	to	to	PART
cjfa-45164	176	77	be	be	AUX
cjfa-45164	176	78	used	use	VERB
cjfa-45164	176	79	are	be	AUX
cjfa-45164	176	80	expected	expect	VERB
cjfa-45164	176	81	to	to	PART
cjfa-45164	176	82	be	be	AUX
cjfa-45164	176	83	stationary	stationary	ADJ
cjfa-45164	176	84	,	,	PUNCT
cjfa-45164	176	85	that	that	ADV
cjfa-45164	176	86	is	is	ADV
cjfa-45164	176	87	,	,	PUNCT
cjfa-45164	176	88	constant	constant	ADJ
cjfa-45164	176	89	variance	variance	NOUN
cjfa-45164	176	90	over	over	ADP
cjfa-45164	176	91	time	time	NOUN
cjfa-45164	176	92	and	and	CCONJ
cjfa-45164	176	93	the	the	DET
cjfa-45164	176	94	covariance	covariance	NOUN
cjfa-45164	176	95	value	value	NOUN
cjfa-45164	176	96	between	between	ADP
cjfa-45164	176	97	the	the	DET
cjfa-45164	176	98	two	two	NUM
cjfa-45164	176	99	time	time	NOUN
cjfa-45164	176	100	periods	period	NOUN
cjfa-45164	176	101	depends	depend	VERB
cjfa-45164	176	102	only	only	ADV
cjfa-45164	176	103	on	on	ADP
cjfa-45164	176	104	the	the	DET
cjfa-45164	176	105	distance	distance	NOUN
cjfa-45164	176	106	or	or	CCONJ
cjfa-45164	176	107	gap	gap	NOUN
cjfa-45164	176	108	or	or	CCONJ
cjfa-45164	176	109	lag	lag	VERB
cjfa-45164	176	110	between	between	ADP
cjfa-45164	176	111	the	the	DET
cjfa-45164	176	112	two	two	NUM
cjfa-45164	176	113	time	time	NOUN
cjfa-45164	176	114	periods	period	NOUN
cjfa-45164	176	115	and	and	CCONJ
cjfa-45164	176	116	not	not	PART
cjfa-45164	176	117	the	the	DET
cjfa-45164	176	118	actual	actual	ADJ
cjfa-45164	176	119	time	time	NOUN
cjfa-45164	176	120	at	at	ADP
cjfa-45164	176	121	which	which	PRON
cjfa-45164	176	122	the	the	DET
cjfa-45164	176	123	covariance	covariance	NOUN
cjfa-45164	176	124	is	be	AUX
cjfa-45164	176	125	computed	compute	VERB
cjfa-45164	176	126	(	(	PUNCT
cjfa-45164	176	127	gujarati	gujarati	PROPN
cjfa-45164	176	128	&	&	CCONJ
cjfa-45164	176	129	porter	porter	PROPN
cjfa-45164	176	130	,	,	PUNCT
cjfa-45164	176	131	2009	2009	NUM
cjfa-45164	176	132	)	)	PUNCT
cjfa-45164	176	133	.	.	PUNCT
cjfa-45164	177	1	therefore	therefore	ADV
cjfa-45164	177	2	,	,	PUNCT
cjfa-45164	177	3	it	it	PRON
cjfa-45164	177	4	is	be	AUX
cjfa-45164	177	5	important	important	ADJ
cjfa-45164	177	6	to	to	PART
cjfa-45164	177	7	check	check	VERB
cjfa-45164	177	8	whether	whether	SCONJ
cjfa-45164	177	9	a	a	DET
cjfa-45164	177	10	series	series	NOUN
cjfa-45164	177	11	is	be	AUX
cjfa-45164	177	12	stationary	stationary	ADJ
cjfa-45164	177	13	or	or	CCONJ
cjfa-45164	177	14	not	not	PART
cjfa-45164	177	15	before	before	ADP
cjfa-45164	177	16	using	use	VERB
cjfa-45164	177	17	it	it	PRON
cjfa-45164	177	18	in	in	ADP
cjfa-45164	177	19	a	a	DET
cjfa-45164	177	20	regression	regression	NOUN
cjfa-45164	177	21	.	.	PUNCT
cjfa-45164	178	1	in	in	ADP
cjfa-45164	178	2	evaluating	evaluate	VERB
cjfa-45164	178	3	the	the	DET
cjfa-45164	178	4	unit	unit	NOUN
cjfa-45164	178	5	root	root	NOUN
cjfa-45164	178	6	property	property	NOUN
cjfa-45164	178	7	of	of	ADP
cjfa-45164	178	8	the	the	DET
cjfa-45164	178	9	time	time	NOUN
cjfa-45164	178	10	series	series	NOUN
cjfa-45164	178	11	,	,	PUNCT
cjfa-45164	178	12	the	the	DET
cjfa-45164	178	13	augmented	augment	VERB
cjfa-45164	178	14	dickey	dickey	NOUN
cjfa-45164	178	15	-	-	PUNCT
cjfa-45164	178	16	fuller	full	ADJ
cjfa-45164	178	17	(	(	PUNCT
cjfa-45164	178	18	adf	adf	NOUN
cjfa-45164	178	19	)	)	PUNCT
cjfa-45164	178	20	unit	unit	NOUN
cjfa-45164	178	21	root	root	NOUN
cjfa-45164	178	22	test	test	NOUN
cjfa-45164	178	23	was	be	AUX
cjfa-45164	178	24	conducted	conduct	VERB
cjfa-45164	178	25	to	to	PART
cjfa-45164	178	26	determine	determine	VERB
cjfa-45164	178	27	the	the	DET
cjfa-45164	178	28	stationarity	stationarity	NOUN
cjfa-45164	178	29	or	or	CCONJ
cjfa-45164	178	30	otherwise	otherwise	ADV
cjfa-45164	178	31	of	of	ADP
cjfa-45164	178	32	each	each	DET
cjfa-45164	178	33	variable	variable	NOUN
cjfa-45164	178	34	as	as	ADV
cjfa-45164	178	35	well	well	ADV
cjfa-45164	178	36	as	as	ADP
cjfa-45164	178	37	ascertain	ascertain	VERB
cjfa-45164	178	38	the	the	DET
cjfa-45164	178	39	level	level	NOUN
cjfa-45164	178	40	of	of	ADP
cjfa-45164	178	41	integration	integration	NOUN
cjfa-45164	178	42	of	of	ADP
cjfa-45164	178	43	the	the	DET
cjfa-45164	178	44	variables	variable	NOUN
cjfa-45164	178	45	.	.	PUNCT
cjfa-45164	179	1	however	however	ADV
cjfa-45164	179	2	,	,	PUNCT
cjfa-45164	179	3	if	if	SCONJ
cjfa-45164	179	4	the	the	DET
cjfa-45164	179	5	time	time	NOUN
cjfa-45164	179	6	series	series	PROPN
cjfa-45164	179	7	are	be	AUX
cjfa-45164	179	8	found	find	VERB
cjfa-45164	179	9	to	to	PART
cjfa-45164	179	10	be	be	AUX
cjfa-45164	179	11	non	non	ADJ
cjfa-45164	179	12	-	-	ADJ
cjfa-45164	179	13	stationary	stationary	ADJ
cjfa-45164	179	14	,	,	PUNCT
cjfa-45164	179	15	the	the	DET
cjfa-45164	179	16	order	order	NOUN
cjfa-45164	179	17	of	of	ADP
cjfa-45164	179	18	integration	integration	NOUN
cjfa-45164	179	19	is	be	AUX
cjfa-45164	179	20	ascertained	ascertain	VERB
cjfa-45164	179	21	and	and	CCONJ
cjfa-45164	179	22	the	the	DET
cjfa-45164	179	23	stationary	stationary	ADJ
cjfa-45164	179	24	form	form	NOUN
cjfa-45164	179	25	of	of	ADP
cjfa-45164	179	26	the	the	DET
cjfa-45164	179	27	variable	variable	NOUN
cjfa-45164	179	28	is	be	AUX
cjfa-45164	179	29	added	add	VERB
cjfa-45164	179	30	to	to	ADP
cjfa-45164	179	31	the	the	DET
cjfa-45164	179	32	var	var	NOUN
cjfa-45164	179	33	model	model	NOUN
cjfa-45164	179	34	(	(	PUNCT
cjfa-45164	179	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	179	36	&	&	CCONJ
cjfa-45164	179	37	mate	mate	NOUN
cjfa-45164	179	38	,	,	PUNCT
cjfa-45164	179	39	2010	2010	NUM
cjfa-45164	179	40	)	)	PUNCT
cjfa-45164	179	41	.	.	PUNCT
cjfa-45164	180	1	the	the	DET
cjfa-45164	180	2	adf	adf	PROPN
cjfa-45164	180	3	is	be	AUX
cjfa-45164	180	4	expressed	express	VERB
cjfa-45164	180	5	as	as	ADP
cjfa-45164	180	6	in	in	ADP
cjfa-45164	180	7	equation	equation	NOUN
cjfa-45164	180	8	(	(	PUNCT
cjfa-45164	180	9	1	1	NUM
cjfa-45164	180	10	):	):	PUNCT
cjfa-45164	180	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	180	12	�	�	PROPN
cjfa-45164	180	13	�	�	PROPN
cjfa-45164	180	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	181	1	�	�	PROPN
cjfa-45164	181	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	181	3	�	�	PROPN
cjfa-45164	181	4	�	�	PROPN
cjfa-45164	181	5	�	�	PROPN
cjfa-45164	181	6	�	�	PROPN
cjfa-45164	181	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	181	8	�	�	PROPN
cjfa-45164	181	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	181	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	181	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	181	12	�	�	PROPN
cjfa-45164	181	13	�	�	PROPN
cjfa-45164	181	14	�	�	PROPN
cjfa-45164	181	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	181	16	�	�	PROPN
cjfa-45164	181	17	1	1	NUM
cjfa-45164	181	18	�	�	PROPN
cjfa-45164	181	19	the	the	DET
cjfa-45164	181	20	null	null	ADJ
cjfa-45164	181	21	(	(	PUNCT
cjfa-45164	181	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	181	23	�	�	PROPN
cjfa-45164	181	24	)	)	PUNCT
cjfa-45164	181	25	and	and	CCONJ
cjfa-45164	181	26	alternative	alternative	ADJ
cjfa-45164	181	27	(	(	PUNCT
cjfa-45164	181	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	181	29	�	�	PROPN
cjfa-45164	181	30	)	)	PUNCT
cjfa-45164	181	31	hypotheses	hypothesis	NOUN
cjfa-45164	181	32	of	of	ADP
cjfa-45164	181	33	the	the	DET
cjfa-45164	181	34	adf	adf	PROPN
cjfa-45164	181	35	unit	unit	NOUN
cjfa-45164	181	36	root	root	PROPN
cjfa-45164	181	37	test	test	NOUN
cjfa-45164	181	38	are	be	AUX
cjfa-45164	181	39	stated	state	VERB
cjfa-45164	181	40	thus	thus	ADV
cjfa-45164	181	41	:	:	PUNCT
cjfa-45164	181	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	181	43	�	�	PROPN
cjfa-45164	181	44	:	:	PUNCT
cjfa-45164	181	45	ø	ø	PROPN
cjfa-45164	181	46	�	�	PROPN
cjfa-45164	181	47	0	0	NUM
cjfa-45164	181	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	181	49	�	�	PROPN
cjfa-45164	181	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	181	51	,	,	PUNCT
cjfa-45164	181	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	181	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	181	54	,	,	PUNCT
cjfa-45164	181	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	181	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	181	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	181	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	181	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	181	60	�	�	PROPN
cjfa-45164	181	61	:	:	PUNCT
cjfa-45164	181	62	ø	ø	PROPN
cjfa-45164	181	63	�	�	PROPN
cjfa-45164	181	64	0	0	NUM
cjfa-45164	181	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	181	66	,	,	PUNCT
cjfa-45164	181	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	181	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	181	69	,	,	PUNCT
cjfa-45164	181	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	181	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	181	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	181	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	181	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	181	75	after	after	ADP
cjfa-45164	181	76	ascertaining	ascertain	VERB
cjfa-45164	181	77	the	the	DET
cjfa-45164	181	78	unit	unit	NOUN
cjfa-45164	181	79	root	root	NOUN
cjfa-45164	181	80	property	property	NOUN
cjfa-45164	181	81	of	of	ADP
cjfa-45164	181	82	the	the	DET
cjfa-45164	181	83	series	series	NOUN
cjfa-45164	181	84	,	,	PUNCT
cjfa-45164	181	85	this	this	DET
cjfa-45164	181	86	study	study	NOUN
cjfa-45164	181	87	performed	perform	VERB
cjfa-45164	181	88	test	test	NOUN
cjfa-45164	181	89	of	of	ADP
cjfa-45164	181	90	cointegration	cointegration	NOUN
cjfa-45164	181	91	among	among	ADP
cjfa-45164	181	92	the	the	DET
cjfa-45164	181	93	series	series	NOUN
cjfa-45164	181	94	.	.	PUNCT
cjfa-45164	182	1	cointegration	cointegration	NOUN
cjfa-45164	182	2	is	be	AUX
cjfa-45164	182	3	a	a	DET
cjfa-45164	182	4	measure	measure	NOUN
cjfa-45164	182	5	of	of	ADP
cjfa-45164	182	6	long	long	ADJ
cjfa-45164	182	7	-	-	PUNCT
cjfa-45164	182	8	run	run	NOUN
cjfa-45164	182	9	relationship	relationship	NOUN
cjfa-45164	182	10	or	or	CCONJ
cjfa-45164	182	11	equilibrium	equilibrium	NOUN
cjfa-45164	182	12	between	between	ADP
cjfa-45164	182	13	variables	variable	NOUN
cjfa-45164	182	14	which	which	PRON
cjfa-45164	182	15	are	be	AUX
cjfa-45164	182	16	individually	individually	ADV
cjfa-45164	182	17	non	non	ADJ
cjfa-45164	182	18	-	-	ADJ
cjfa-45164	182	19	stationary	stationary	ADJ
cjfa-45164	182	20	.	.	PUNCT
cjfa-45164	183	1	to	to	PART
cjfa-45164	183	2	ascertain	ascertain	VERB
cjfa-45164	183	3	whether	whether	SCONJ
cjfa-45164	183	4	or	or	CCONJ
cjfa-45164	183	5	not	not	PART
cjfa-45164	183	6	there	there	PRON
cjfa-45164	183	7	is	be	VERB
cjfa-45164	183	8	cointegration	cointegration	NOUN
cjfa-45164	183	9	,	,	PUNCT
cjfa-45164	183	10	the	the	DET
cjfa-45164	183	11	johansen	johansen	PROPN
cjfa-45164	183	12	and	and	CCONJ
cjfa-45164	183	13	juselius	juselius	PROPN
cjfa-45164	183	14	cointegration	cointegration	NOUN
cjfa-45164	183	15	test	test	NOUN
cjfa-45164	183	16	was	be	AUX
cjfa-45164	183	17	conducted	conduct	VERB
cjfa-45164	183	18	.	.	PUNCT
cjfa-45164	184	1	the	the	DET
cjfa-45164	184	2	johansen	johansen	PROPN
cjfa-45164	184	3	and	and	CCONJ
cjfa-45164	184	4	juselius	juselius	NOUN
cjfa-45164	184	5	cointegration	cointegration	NOUN
cjfa-45164	184	6	test	test	NOUN
cjfa-45164	184	7	.	.	PUNCT
cjfa-45164	184	8	is	be	AUX
cjfa-45164	184	9	only	only	ADV
cjfa-45164	184	10	applicable	applicable	ADJ
cjfa-45164	184	11	to	to	ADP
cjfa-45164	184	12	variables	variable	NOUN
cjfa-45164	184	13	that	that	PRON
cjfa-45164	184	14	are	be	AUX
cjfa-45164	184	15	nonstationary	nonstationary	ADJ
cjfa-45164	184	16	and	and	CCONJ
cjfa-45164	184	17	are	be	AUX
cjfa-45164	184	18	integrated	integrate	VERB
cjfa-45164	184	19	of	of	ADP
cjfa-45164	184	20	the	the	DET
cjfa-45164	184	21	same	same	ADJ
cjfa-45164	184	22	order	order	NOUN
cjfa-45164	184	23	one	one	NUM
cjfa-45164	184	24	(	(	PUNCT
cjfa-45164	184	25	gujarati	gujarati	PROPN
cjfa-45164	184	26	&	&	CCONJ
cjfa-45164	184	27	porter	porter	PROPN
cjfa-45164	184	28	,	,	PUNCT
cjfa-45164	184	29	2018	2018	NUM
cjfa-45164	184	30	)	)	PUNCT
cjfa-45164	184	31	.	.	PUNCT
cjfa-45164	185	1	the	the	DET
cjfa-45164	185	2	johansen	johansen	PROPN
cjfa-45164	185	3	(	(	PUNCT
cjfa-45164	185	4	1991	1991	NUM
cjfa-45164	185	5	)	)	PUNCT
cjfa-45164	185	6	’s	’s	PART
cjfa-45164	185	7	cointegration	cointegration	NOUN
cjfa-45164	185	8	model	model	NOUN
cjfa-45164	185	9	is	be	AUX
cjfa-45164	185	10	specified	specify	VERB
cjfa-45164	185	11	in	in	ADP
cjfa-45164	185	12	equations	equation	NOUN
cjfa-45164	185	13	(	(	PUNCT
cjfa-45164	185	14	2	2	NUM
cjfa-45164	185	15	)	)	PUNCT
cjfa-45164	185	16	to	to	SCONJ
cjfa-45164	185	17	(	(	PUNCT
cjfa-45164	185	18	4	4	NUM
cjfa-45164	185	19	):	):	PUNCT
cjfa-45164	185	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	185	21	�	�	PROPN
cjfa-45164	185	22	�	�	PROPN
cjfa-45164	185	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	185	24	�	�	PROPN
cjfa-45164	185	25	�	�	PROPN
cjfa-45164	185	26	�	�	PROPN
cjfa-45164	185	27	�	�	PROPN
cjfa-45164	185	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	185	29	�	�	PROPN
cjfa-45164	185	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	185	31	�	�	PROPN
cjfa-45164	185	32	ß	ß	PRON
cjfa-45164	185	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	185	34	�	�	PROPN
cjfa-45164	185	35	�	�	PROPN
cjfa-45164	185	36	�	�	PROPN
cjfa-45164	185	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	185	38	�	�	PROPN
cjfa-45164	185	39	�	�	PROPN
cjfa-45164	185	40	�	�	PROPN
cjfa-45164	185	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	185	42	�	�	PROPN
cjfa-45164	185	43	2	2	NUM
cjfa-45164	185	44	�	�	PROPN
cjfa-45164	185	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	185	46	�	�	PROPN
cjfa-45164	185	47	�	�	PROPN
cjfa-45164	185	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	185	49	�	�	PROPN
cjfa-45164	185	50	�	�	PROPN
cjfa-45164	185	51	�	�	PROPN
cjfa-45164	185	52	�	�	PROPN
cjfa-45164	185	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	185	54	�	�	PROPN
cjfa-45164	185	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	185	56	�	�	PROPN
cjfa-45164	185	57	ß	ß	PRON
cjfa-45164	185	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	185	59	�	�	PROPN
cjfa-45164	185	60	�	�	PROPN
cjfa-45164	185	61	�	�	PROPN
cjfa-45164	185	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	185	63	�	�	PROPN
cjfa-45164	185	64	�	�	PROPN
cjfa-45164	185	65	�	�	PROPN
cjfa-45164	185	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	185	67	�	�	PROPN
cjfa-45164	185	68	3	3	NUM
cjfa-45164	185	69	�	�	PROPN
cjfa-45164	185	70	time	time	NOUN
cjfa-45164	185	71	series	series	PROPN
cjfa-45164	185	72	data	datum	NOUN
cjfa-45164	185	73	to	to	PART
cjfa-45164	185	74	be	be	AUX
cjfa-45164	185	75	used	use	VERB
cjfa-45164	185	76	are	be	AUX
cjfa-45164	185	77	expected	expect	VERB
cjfa-45164	185	78	to	to	PART
cjfa-45164	185	79	be	be	AUX
cjfa-45164	185	80	stationary	stationary	ADJ
cjfa-45164	185	81	,	,	PUNCT
cjfa-45164	185	82	that	that	ADV
cjfa-45164	185	83	is	is	ADV
cjfa-45164	185	84	,	,	PUNCT
cjfa-45164	185	85	constant	constant	ADJ
cjfa-45164	185	86	variance	variance	NOUN
cjfa-45164	185	87	over	over	ADP
cjfa-45164	185	88	time	time	NOUN
cjfa-45164	185	89	and	and	CCONJ
cjfa-45164	185	90	the	the	DET
cjfa-45164	185	91	covariance	covariance	NOUN
cjfa-45164	185	92	value	value	NOUN
cjfa-45164	185	93	between	between	ADP
cjfa-45164	185	94	the	the	DET
cjfa-45164	185	95	two	two	NUM
cjfa-45164	185	96	time	time	NOUN
cjfa-45164	185	97	periods	period	NOUN
cjfa-45164	185	98	depends	depend	VERB
cjfa-45164	185	99	only	only	ADV
cjfa-45164	185	100	on	on	ADP
cjfa-45164	185	101	the	the	DET
cjfa-45164	185	102	distance	distance	NOUN
cjfa-45164	185	103	or	or	CCONJ
cjfa-45164	185	104	gap	gap	NOUN
cjfa-45164	185	105	or	or	CCONJ
cjfa-45164	185	106	lag	lag	VERB
cjfa-45164	185	107	between	between	ADP
cjfa-45164	185	108	the	the	DET
cjfa-45164	185	109	two	two	NUM
cjfa-45164	185	110	time	time	NOUN
cjfa-45164	185	111	periods	period	NOUN
cjfa-45164	185	112	and	and	CCONJ
cjfa-45164	185	113	not	not	PART
cjfa-45164	185	114	the	the	DET
cjfa-45164	185	115	actual	actual	ADJ
cjfa-45164	185	116	time	time	NOUN
cjfa-45164	185	117	at	at	ADP
cjfa-45164	185	118	which	which	PRON
cjfa-45164	185	119	the	the	DET
cjfa-45164	185	120	covariance	covariance	NOUN
cjfa-45164	185	121	is	be	AUX
cjfa-45164	185	122	computed	compute	VERB
cjfa-45164	185	123	(	(	PUNCT
cjfa-45164	185	124	gujarati	gujarati	PROPN
cjfa-45164	185	125	&	&	CCONJ
cjfa-45164	185	126	porter	porter	PROPN
cjfa-45164	185	127	,	,	PUNCT
cjfa-45164	185	128	2009	2009	NUM
cjfa-45164	185	129	)	)	PUNCT
cjfa-45164	185	130	.	.	PUNCT
cjfa-45164	186	1	therefore	therefore	ADV
cjfa-45164	186	2	,	,	PUNCT
cjfa-45164	186	3	it	it	PRON
cjfa-45164	186	4	is	be	AUX
cjfa-45164	186	5	important	important	ADJ
cjfa-45164	186	6	to	to	PART
cjfa-45164	186	7	check	check	VERB
cjfa-45164	186	8	whether	whether	SCONJ
cjfa-45164	186	9	a	a	DET
cjfa-45164	186	10	series	series	NOUN
cjfa-45164	186	11	is	be	AUX
cjfa-45164	186	12	stationary	stationary	ADJ
cjfa-45164	186	13	or	or	CCONJ
cjfa-45164	186	14	not	not	PART
cjfa-45164	186	15	before	before	ADP
cjfa-45164	186	16	using	use	VERB
cjfa-45164	186	17	it	it	PRON
cjfa-45164	186	18	in	in	ADP
cjfa-45164	186	19	a	a	DET
cjfa-45164	186	20	regression	regression	NOUN
cjfa-45164	186	21	.	.	PUNCT
cjfa-45164	187	1	in	in	ADP
cjfa-45164	187	2	evaluating	evaluate	VERB
cjfa-45164	187	3	the	the	DET
cjfa-45164	187	4	unit	unit	NOUN
cjfa-45164	187	5	root	root	NOUN
cjfa-45164	187	6	property	property	NOUN
cjfa-45164	187	7	of	of	ADP
cjfa-45164	187	8	the	the	DET
cjfa-45164	187	9	time	time	NOUN
cjfa-45164	187	10	series	series	NOUN
cjfa-45164	187	11	,	,	PUNCT
cjfa-45164	187	12	the	the	DET
cjfa-45164	187	13	augmented	augment	VERB
cjfa-45164	187	14	dickey	dickey	NOUN
cjfa-45164	187	15	-	-	PUNCT
cjfa-45164	187	16	fuller	full	ADJ
cjfa-45164	187	17	(	(	PUNCT
cjfa-45164	187	18	adf	adf	NOUN
cjfa-45164	187	19	)	)	PUNCT
cjfa-45164	187	20	unit	unit	NOUN
cjfa-45164	187	21	root	root	NOUN
cjfa-45164	187	22	test	test	NOUN
cjfa-45164	187	23	was	be	AUX
cjfa-45164	187	24	conducted	conduct	VERB
cjfa-45164	187	25	to	to	PART
cjfa-45164	187	26	determine	determine	VERB
cjfa-45164	187	27	the	the	DET
cjfa-45164	187	28	stationarity	stationarity	NOUN
cjfa-45164	187	29	or	or	CCONJ
cjfa-45164	187	30	otherwise	otherwise	ADV
cjfa-45164	187	31	of	of	ADP
cjfa-45164	187	32	each	each	DET
cjfa-45164	187	33	variable	variable	NOUN
cjfa-45164	187	34	as	as	ADV
cjfa-45164	187	35	well	well	ADV
cjfa-45164	187	36	as	as	ADP
cjfa-45164	187	37	ascertain	ascertain	VERB
cjfa-45164	187	38	the	the	DET
cjfa-45164	187	39	level	level	NOUN
cjfa-45164	187	40	of	of	ADP
cjfa-45164	187	41	integration	integration	NOUN
cjfa-45164	187	42	of	of	ADP
cjfa-45164	187	43	the	the	DET
cjfa-45164	187	44	variables	variable	NOUN
cjfa-45164	187	45	.	.	PUNCT
cjfa-45164	188	1	however	however	ADV
cjfa-45164	188	2	,	,	PUNCT
cjfa-45164	188	3	if	if	SCONJ
cjfa-45164	188	4	the	the	DET
cjfa-45164	188	5	time	time	NOUN
cjfa-45164	188	6	series	series	PROPN
cjfa-45164	188	7	are	be	AUX
cjfa-45164	188	8	found	find	VERB
cjfa-45164	188	9	to	to	PART
cjfa-45164	188	10	be	be	AUX
cjfa-45164	188	11	non	non	ADJ
cjfa-45164	188	12	-	-	ADJ
cjfa-45164	188	13	stationary	stationary	ADJ
cjfa-45164	188	14	,	,	PUNCT
cjfa-45164	188	15	the	the	DET
cjfa-45164	188	16	order	order	NOUN
cjfa-45164	188	17	of	of	ADP
cjfa-45164	188	18	integration	integration	NOUN
cjfa-45164	188	19	is	be	AUX
cjfa-45164	188	20	ascertained	ascertain	VERB
cjfa-45164	188	21	and	and	CCONJ
cjfa-45164	188	22	the	the	DET
cjfa-45164	188	23	stationary	stationary	ADJ
cjfa-45164	188	24	form	form	NOUN
cjfa-45164	188	25	of	of	ADP
cjfa-45164	188	26	the	the	DET
cjfa-45164	188	27	variable	variable	NOUN
cjfa-45164	188	28	is	be	AUX
cjfa-45164	188	29	added	add	VERB
cjfa-45164	188	30	to	to	ADP
cjfa-45164	188	31	the	the	DET
cjfa-45164	188	32	var	var	NOUN
cjfa-45164	188	33	model	model	NOUN
cjfa-45164	188	34	(	(	PUNCT
cjfa-45164	188	35	garcaascanio	garcaascanio	PROPN
cjfa-45164	188	36	&	&	CCONJ
cjfa-45164	188	37	mate	mate	NOUN
cjfa-45164	188	38	,	,	PUNCT
cjfa-45164	188	39	2010	2010	NUM
cjfa-45164	188	40	)	)	PUNCT
cjfa-45164	188	41	.	.	PUNCT
cjfa-45164	189	1	the	the	DET
cjfa-45164	189	2	adf	adf	PROPN
cjfa-45164	189	3	is	be	AUX
cjfa-45164	189	4	expressed	express	VERB
cjfa-45164	189	5	as	as	ADP
cjfa-45164	189	6	in	in	ADP
cjfa-45164	189	7	equation	equation	NOUN
cjfa-45164	189	8	(	(	PUNCT
cjfa-45164	189	9	1	1	NUM
cjfa-45164	189	10	):	):	PUNCT
cjfa-45164	189	11	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	189	12	�	�	PROPN
cjfa-45164	189	13	�	�	PROPN
cjfa-45164	189	14	𝐭𝐭	𝐭𝐭	ADP
cjfa-45164	190	1	�	�	PROPN
cjfa-45164	190	2	ø𝚫𝚫𝐭𝐭	ø𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	190	3	�	�	PROPN
cjfa-45164	190	4	�	�	PROPN
cjfa-45164	190	5	�	�	PROPN
cjfa-45164	190	6	�	�	PROPN
cjfa-45164	190	7	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	190	8	�	�	PROPN
cjfa-45164	190	9	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	190	10	𝐧𝐧	𝐧𝐧	PROPN
cjfa-45164	190	11	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	190	12	�	�	PROPN
cjfa-45164	190	13	�	�	PROPN
cjfa-45164	190	14	�	�	PROPN
cjfa-45164	190	15	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	190	16	�	�	PROPN
cjfa-45164	190	17	1	1	NUM
cjfa-45164	190	18	�	�	PROPN
cjfa-45164	190	19	the	the	DET
cjfa-45164	190	20	null	null	ADJ
cjfa-45164	190	21	(	(	PUNCT
cjfa-45164	190	22	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	190	23	�	�	PROPN
cjfa-45164	190	24	)	)	PUNCT
cjfa-45164	190	25	and	and	CCONJ
cjfa-45164	190	26	alternative	alternative	ADJ
cjfa-45164	190	27	(	(	PUNCT
cjfa-45164	190	28	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	190	29	�	�	PROPN
cjfa-45164	190	30	)	)	PUNCT
cjfa-45164	190	31	hypotheses	hypothesis	NOUN
cjfa-45164	190	32	of	of	ADP
cjfa-45164	190	33	the	the	DET
cjfa-45164	190	34	adf	adf	PROPN
cjfa-45164	190	35	unit	unit	NOUN
cjfa-45164	190	36	root	root	PROPN
cjfa-45164	190	37	test	test	NOUN
cjfa-45164	190	38	are	be	AUX
cjfa-45164	190	39	stated	state	VERB
cjfa-45164	190	40	thus	thus	ADV
cjfa-45164	190	41	:	:	PUNCT
cjfa-45164	190	42	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	190	43	�	�	PROPN
cjfa-45164	190	44	:	:	PUNCT
cjfa-45164	190	45	ø	ø	PROPN
cjfa-45164	190	46	�	�	PROPN
cjfa-45164	190	47	0	0	NUM
cjfa-45164	190	48	𝑢𝑢𝑟𝑟𝑢𝑢	𝑢𝑢𝑟𝑟𝑢𝑢	PROPN
cjfa-45164	190	49	�	�	PROPN
cjfa-45164	190	50	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	PROPN
cjfa-45164	190	51	,	,	PUNCT
cjfa-45164	190	52	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	190	53	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	190	54	,	,	PUNCT
cjfa-45164	190	55	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	190	56	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	190	57	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	190	58	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	190	59	𝐻𝐻	𝐻𝐻	PROPN
cjfa-45164	190	60	�	�	PROPN
cjfa-45164	190	61	:	:	PUNCT
cjfa-45164	190	62	ø	ø	PROPN
cjfa-45164	190	63	�	�	PROPN
cjfa-45164	190	64	0	0	NUM
cjfa-45164	190	65	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠	NOUN
cjfa-45164	190	66	,	,	PUNCT
cjfa-45164	190	67	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡	PROPN
cjfa-45164	190	68	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	ADV
cjfa-45164	190	69	,	,	PUNCT
cjfa-45164	190	70	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡	VERB
cjfa-45164	190	71	𝑖𝑖𝑖𝑖	𝑖𝑖𝑖𝑖	PROPN
cjfa-45164	190	72	𝑢𝑢𝑟𝑟	𝑢𝑢𝑟𝑟	PROPN
cjfa-45164	190	73	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡	NOUN
cjfa-45164	190	74	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡	NOUN
cjfa-45164	190	75	after	after	ADP
cjfa-45164	190	76	ascertaining	ascertain	VERB
cjfa-45164	190	77	the	the	DET
cjfa-45164	190	78	unit	unit	NOUN
cjfa-45164	190	79	root	root	NOUN
cjfa-45164	190	80	property	property	NOUN
cjfa-45164	190	81	of	of	ADP
cjfa-45164	190	82	the	the	DET
cjfa-45164	190	83	series	series	NOUN
cjfa-45164	190	84	,	,	PUNCT
cjfa-45164	190	85	this	this	DET
cjfa-45164	190	86	study	study	NOUN
cjfa-45164	190	87	performed	perform	VERB
cjfa-45164	190	88	test	test	NOUN
cjfa-45164	190	89	of	of	ADP
cjfa-45164	190	90	cointegration	cointegration	NOUN
cjfa-45164	190	91	among	among	ADP
cjfa-45164	190	92	the	the	DET
cjfa-45164	190	93	series	series	NOUN
cjfa-45164	190	94	.	.	PUNCT
cjfa-45164	191	1	cointegration	cointegration	NOUN
cjfa-45164	191	2	is	be	AUX
cjfa-45164	191	3	a	a	DET
cjfa-45164	191	4	measure	measure	NOUN
cjfa-45164	191	5	of	of	ADP
cjfa-45164	191	6	long	long	ADJ
cjfa-45164	191	7	-	-	PUNCT
cjfa-45164	191	8	run	run	NOUN
cjfa-45164	191	9	relationship	relationship	NOUN
cjfa-45164	191	10	or	or	CCONJ
cjfa-45164	191	11	equilibrium	equilibrium	NOUN
cjfa-45164	191	12	between	between	ADP
cjfa-45164	191	13	variables	variable	NOUN
cjfa-45164	191	14	which	which	PRON
cjfa-45164	191	15	are	be	AUX
cjfa-45164	191	16	individually	individually	ADV
cjfa-45164	191	17	non	non	ADJ
cjfa-45164	191	18	-	-	ADJ
cjfa-45164	191	19	stationary	stationary	ADJ
cjfa-45164	191	20	.	.	PUNCT
cjfa-45164	192	1	to	to	PART
cjfa-45164	192	2	ascertain	ascertain	VERB
cjfa-45164	192	3	whether	whether	SCONJ
cjfa-45164	192	4	or	or	CCONJ
cjfa-45164	192	5	not	not	PART
cjfa-45164	192	6	there	there	PRON
cjfa-45164	192	7	is	be	VERB
cjfa-45164	192	8	cointegration	cointegration	NOUN
cjfa-45164	192	9	,	,	PUNCT
cjfa-45164	192	10	the	the	DET
cjfa-45164	192	11	johansen	johansen	PROPN
cjfa-45164	192	12	and	and	CCONJ
cjfa-45164	192	13	juselius	juselius	PROPN
cjfa-45164	192	14	cointegration	cointegration	NOUN
cjfa-45164	192	15	test	test	NOUN
cjfa-45164	192	16	was	be	AUX
cjfa-45164	192	17	conducted	conduct	VERB
cjfa-45164	192	18	.	.	PUNCT
cjfa-45164	193	1	the	the	DET
cjfa-45164	193	2	johansen	johansen	PROPN
cjfa-45164	193	3	and	and	CCONJ
cjfa-45164	193	4	juselius	juselius	NOUN
cjfa-45164	193	5	cointegration	cointegration	NOUN
cjfa-45164	193	6	test	test	NOUN
cjfa-45164	193	7	.	.	PUNCT
cjfa-45164	193	8	is	be	AUX
cjfa-45164	193	9	only	only	ADV
cjfa-45164	193	10	applicable	applicable	ADJ
cjfa-45164	193	11	to	to	ADP
cjfa-45164	193	12	variables	variable	NOUN
cjfa-45164	193	13	that	that	PRON
cjfa-45164	193	14	are	be	AUX
cjfa-45164	193	15	nonstationary	nonstationary	ADJ
cjfa-45164	193	16	and	and	CCONJ
cjfa-45164	193	17	are	be	AUX
cjfa-45164	193	18	integrated	integrate	VERB
cjfa-45164	193	19	of	of	ADP
cjfa-45164	193	20	the	the	DET
cjfa-45164	193	21	same	same	ADJ
cjfa-45164	193	22	order	order	NOUN
cjfa-45164	193	23	one	one	NUM
cjfa-45164	193	24	(	(	PUNCT
cjfa-45164	193	25	gujarati	gujarati	PROPN
cjfa-45164	193	26	&	&	CCONJ
cjfa-45164	193	27	porter	porter	PROPN
cjfa-45164	193	28	,	,	PUNCT
cjfa-45164	193	29	2018	2018	NUM
cjfa-45164	193	30	)	)	PUNCT
cjfa-45164	193	31	.	.	PUNCT
cjfa-45164	194	1	the	the	DET
cjfa-45164	194	2	johansen	johansen	PROPN
cjfa-45164	194	3	(	(	PUNCT
cjfa-45164	194	4	1991	1991	NUM
cjfa-45164	194	5	)	)	PUNCT
cjfa-45164	194	6	’s	’s	PART
cjfa-45164	194	7	cointegration	cointegration	NOUN
cjfa-45164	194	8	model	model	NOUN
cjfa-45164	194	9	is	be	AUX
cjfa-45164	194	10	specified	specify	VERB
cjfa-45164	194	11	in	in	ADP
cjfa-45164	194	12	equations	equation	NOUN
cjfa-45164	194	13	(	(	PUNCT
cjfa-45164	194	14	2	2	NUM
cjfa-45164	194	15	)	)	PUNCT
cjfa-45164	194	16	to	to	ADP
cjfa-45164	194	17	(	(	PUNCT
cjfa-45164	194	18	4	4	NUM
cjfa-45164	194	19	):	):	PUNCT
cjfa-45164	194	20	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	194	21	�	�	PROPN
cjfa-45164	194	22	�	�	PROPN
cjfa-45164	194	23	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	194	24	�	�	PROPN
cjfa-45164	194	25	�	�	PROPN
cjfa-45164	194	26	�	�	PROPN
cjfa-45164	194	27	�	�	PROPN
cjfa-45164	194	28	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	194	29	�	�	PROPN
cjfa-45164	194	30	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	194	31	�	�	PROPN
cjfa-45164	194	32	ß	ß	PRON
cjfa-45164	194	33	𝐱𝐱𝐭𝐭	𝐱𝐱𝐭𝐭	PROPN
cjfa-45164	194	34	�	�	PROPN
cjfa-45164	194	35	�	�	PROPN
cjfa-45164	194	36	�	�	PROPN
cjfa-45164	194	37	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	194	38	�	�	PROPN
cjfa-45164	194	39	�	�	PROPN
cjfa-45164	194	40	�	�	PROPN
cjfa-45164	194	41	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	194	42	�	�	PROPN
cjfa-45164	194	43	2	2	NUM
cjfa-45164	194	44	�	�	PROPN
cjfa-45164	194	45	𝚫𝚫𝚫𝚫𝐭𝐭	𝚫𝚫𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	194	46	�	�	PROPN
cjfa-45164	194	47	�	�	PROPN
cjfa-45164	194	48	𝚫𝚫𝐭𝐭	𝚫𝚫𝐭𝐭	PROPN
cjfa-45164	194	49	�	�	PROPN
cjfa-45164	194	50	�	�	PROPN
cjfa-45164	194	51	�	�	PROPN
cjfa-45164	194	52	�	�	PROPN
cjfa-45164	194	53	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	ℾ𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭	NOUN
cjfa-45164	194	54	�	�	PROPN
cjfa-45164	194	55	𝐢𝐢	𝐢𝐢	ADP
cjfa-45164	194	56	�	�	PROPN
cjfa-45164	194	57	ß	ß	PRON
cjfa-45164	194	58	𝐦𝐦𝐭𝐭	𝐦𝐦𝐭𝐭	NOUN
cjfa-45164	194	59	�	�	PROPN
cjfa-45164	194	60	�	�	PROPN
cjfa-45164	194	61	�	�	PROPN
cjfa-45164	194	62	𝐢𝐢	𝐢𝐢	PROPN
cjfa-45164	194	63	�	�	PROPN
cjfa-45164	194	64	�	�	PROPN
cjfa-45164	194	65	�	�	PROPN
cjfa-45164	194	66	ɛ𝒕𝒕	ɛ𝒕𝒕	PROPN
cjfa-45164	194	67	�	�	PROPN
cjfa-45164	194	68	3	3	NUM
cjfa-45164	194	69	�	�	PROPN
cjfa-45164	194	70	(	(	PUNCT
cjfa-45164	194	71	4	4	NUM
cjfa-45164	194	72	)	)	PUNCT
cjfa-45164	194	73	the	the	DET
cjfa-45164	194	74	pattern	pattern	NOUN
cjfa-45164	194	75	continues	continue	VERB
cjfa-45164	194	76	until	until	SCONJ
cjfa-45164	194	77	all	all	DET
cjfa-45164	194	78	the	the	DET
cjfa-45164	194	79	series	series	NOUN
cjfa-45164	194	80	are	be	AUX
cjfa-45164	194	81	represented	represent	VERB
cjfa-45164	194	82	in	in	ADP
cjfa-45164	194	83	the	the	DET
cjfa-45164	194	84	equations	equation	NOUN
cjfa-45164	194	85	.	.	PUNCT
cjfa-45164	195	1	the	the	DET
cjfa-45164	195	2	null	null	ADJ
cjfa-45164	195	3	hypothesis	hypothesis	NOUN
cjfa-45164	195	4	of	of	ADP
cjfa-45164	195	5	the	the	DET
cjfa-45164	195	6	test	test	NOUN
cjfa-45164	195	7	is	be	AUX
cjfa-45164	195	8	that	that	SCONJ
cjfa-45164	195	9	the	the	DET
cjfa-45164	195	10	series	series	NOUN
cjfa-45164	195	11	are	be	AUX
cjfa-45164	195	12	not	not	PART
cjfa-45164	195	13	cointegrated	cointegrate	VERB
cjfa-45164	195	14	and	and	CCONJ
cjfa-45164	195	15	it	it	PRON
cjfa-45164	195	16	is	be	AUX
cjfa-45164	195	17	rejected	reject	VERB
cjfa-45164	195	18	when	when	SCONJ
cjfa-45164	195	19	the	the	DET
cjfa-45164	195	20	calculated	calculate	VERB
cjfa-45164	195	21	value	value	NOUN
cjfa-45164	195	22	exceeds	exceed	VERB
cjfa-45164	195	23	the	the	DET
cjfa-45164	195	24	critical	critical	ADJ
cjfa-45164	195	25	value	value	NOUN
cjfa-45164	195	26	at	at	ADP
cjfa-45164	195	27	5	5	NUM
cjfa-45164	195	28	%	%	NOUN
cjfa-45164	195	29	level	level	NOUN
cjfa-45164	195	30	;	;	PUNCT
cjfa-45164	195	31	and	and	CCONJ
cjfa-45164	195	32	hence	hence	ADV
cjfa-45164	195	33	the	the	DET
cjfa-45164	195	34	conclusion	conclusion	NOUN
cjfa-45164	195	35	that	that	SCONJ
cjfa-45164	195	36	the	the	DET
cjfa-45164	195	37	series	serie	NOUN
cjfa-45164	195	38	are	be	AUX
cjfa-45164	195	39	cointegrated	cointegrate	VERB
cjfa-45164	195	40	.	.	PUNCT
cjfa-45164	196	1	however	however	ADV
cjfa-45164	196	2	,	,	PUNCT
cjfa-45164	196	3	if	if	SCONJ
cjfa-45164	196	4	the	the	DET
cjfa-45164	196	5	computed	compute	VERB
cjfa-45164	196	6	value	value	NOUN
cjfa-45164	196	7	is	be	AUX
cjfa-45164	196	8	less	less	ADJ
cjfa-45164	196	9	than	than	ADP
cjfa-45164	196	10	the	the	DET
cjfa-45164	196	11	critical	critical	ADJ
cjfa-45164	196	12	value	value	NOUN
cjfa-45164	196	13	at	at	ADP
cjfa-45164	196	14	the	the	DET
cjfa-45164	196	15	5	5	NUM
cjfa-45164	196	16	%	%	NOUN
cjfa-45164	196	17	level	level	NOUN
cjfa-45164	196	18	,	,	PUNCT
cjfa-45164	196	19	the	the	DET
cjfa-45164	196	20	null	null	ADJ
cjfa-45164	196	21	hypothesis	hypothesis	NOUN
cjfa-45164	196	22	is	be	AUX
cjfa-45164	196	23	not	not	PART
cjfa-45164	196	24	rejected	reject	VERB
cjfa-45164	196	25	and	and	CCONJ
cjfa-45164	196	26	the	the	DET
cjfa-45164	196	27	conclusion	conclusion	NOUN
cjfa-45164	196	28	is	be	AUX
cjfa-45164	196	29	that	that	SCONJ
cjfa-45164	196	30	the	the	DET
cjfa-45164	196	31	series	series	NOUN
cjfa-45164	196	32	are	be	AUX
cjfa-45164	196	33	not	not	PART
cjfa-45164	196	34	cointegrated	cointegrate	VERB
cjfa-45164	196	35	.	.	PUNCT
cjfa-45164	197	1	following	follow	VERB
cjfa-45164	197	2	the	the	DET
cjfa-45164	197	3	study	study	NOUN
cjfa-45164	197	4	of	of	ADP
cjfa-45164	197	5	alade	alade	PROPN
cjfa-45164	197	6	,	,	PUNCT
cjfa-45164	197	7	adeusi	adeusi	PROPN
cjfa-45164	197	8	&	&	CCONJ
cjfa-45164	197	9	alade	alade	PROPN
cjfa-45164	197	10	(	(	PUNCT
cjfa-45164	197	11	2020	2020	NUM
cjfa-45164	197	12	)	)	PUNCT
cjfa-45164	197	13	,	,	PUNCT
cjfa-45164	197	14	this	this	DET
cjfa-45164	197	15	study	study	NOUN
cjfa-45164	197	16	applied	apply	VERB
cjfa-45164	197	17	sims	sim	NOUN
cjfa-45164	197	18	’s	’s	PART
cjfa-45164	197	19	(	(	PUNCT
cjfa-45164	197	20	1980	1980	NUM
cjfa-45164	197	21	)	)	PUNCT
cjfa-45164	197	22	vector	vector	NOUN
cjfa-45164	197	23	autoregression	autoregression	NOUN
cjfa-45164	197	24	(	(	PUNCT
cjfa-45164	197	25	var	var	NOUN
cjfa-45164	197	26	)	)	PUNCT
cjfa-45164	197	27	model	model	NOUN
cjfa-45164	197	28	as	as	ADP
cjfa-45164	197	29	estimation	estimation	NOUN
cjfa-45164	197	30	technique	technique	NOUN
cjfa-45164	197	31	.	.	PUNCT
cjfa-45164	198	1	the	the	DET
cjfa-45164	198	2	technique	technique	NOUN
cjfa-45164	198	3	enjoys	enjoy	VERB
cjfa-45164	198	4	the	the	DET
cjfa-45164	198	5	strength	strength	NOUN
cjfa-45164	198	6	of	of	ADP
cjfa-45164	198	7	flexibility	flexibility	NOUN
cjfa-45164	198	8	and	and	CCONJ
cjfa-45164	198	9	simplicity	simplicity	NOUN
cjfa-45164	198	10	(	(	PUNCT
cjfa-45164	198	11	suharsono	suharsono	NOUN
cjfa-45164	198	12	,	,	PUNCT
cjfa-45164	198	13	aziza	aziza	PROPN
cjfa-45164	198	14	&	&	CCONJ
cjfa-45164	198	15	pramesti	pramesti	PROPN
cjfa-45164	198	16	,	,	PUNCT
cjfa-45164	198	17	2017	2017	NUM
cjfa-45164	198	18	)	)	PUNCT
cjfa-45164	198	19	and	and	CCONJ
cjfa-45164	198	20	is	be	AUX
cjfa-45164	198	21	useful	useful	ADJ
cjfa-45164	198	22	for	for	ADP
cjfa-45164	198	23	modelling	model	VERB
cjfa-45164	198	24	multivariate	multivariate	NOUN
cjfa-45164	198	25	time	time	NOUN
cjfa-45164	198	26	series	series	PROPN
cjfa-45164	198	27	data	datum	NOUN
cjfa-45164	198	28	that	that	PRON
cjfa-45164	198	29	are	be	AUX
cjfa-45164	198	30	autoregressive	autoregressive	ADJ
cjfa-45164	198	31	in	in	ADP
cjfa-45164	198	32	nature	nature	NOUN
cjfa-45164	198	33	.	.	PUNCT
cjfa-45164	199	1	in	in	ADP
cjfa-45164	199	2	addition	addition	NOUN
cjfa-45164	199	3	to	to	ADP
cjfa-45164	199	4	the	the	DET
cjfa-45164	199	5	var	var	PROPN
cjfa-45164	199	6	model	model	NOUN
cjfa-45164	199	7	,	,	PUNCT
cjfa-45164	199	8	variance	variance	NOUN
cjfa-45164	199	9	decompositions	decomposition	NOUN
cjfa-45164	199	10	(	(	PUNCT
cjfa-45164	199	11	vdc	vdc	NOUN
cjfa-45164	199	12	)	)	PUNCT
cjfa-45164	199	13	and	and	CCONJ
cjfa-45164	199	14	impulse	impulse	ADJ
cjfa-45164	199	15	response	response	NOUN
cjfa-45164	199	16	function	function	NOUN
cjfa-45164	199	17	(	(	PUNCT
cjfa-45164	199	18	irf	irf	PROPN
cjfa-45164	199	19	)	)	PUNCT
cjfa-45164	199	20	are	be	AUX
cjfa-45164	199	21	also	also	ADV
cjfa-45164	199	22	documented	document	VERB
cjfa-45164	199	23	.	.	PUNCT
cjfa-45164	200	1	the	the	DET
cjfa-45164	200	2	variance	variance	NOUN
cjfa-45164	200	3	decomposition	decomposition	NOUN
cjfa-45164	200	4	(	(	PUNCT
cjfa-45164	200	5	vdc	vdc	NOUN
cjfa-45164	200	6	)	)	PUNCT
cjfa-45164	200	7	analysis	analysis	NOUN
cjfa-45164	200	8	indicates	indicate	VERB
cjfa-45164	200	9	the	the	DET
cjfa-45164	200	10	quantity	quantity	NOUN
cjfa-45164	200	11	of	of	ADP
cjfa-45164	200	12	information	information	NOUN
cjfa-45164	200	13	each	each	DET
cjfa-45164	200	14	variable	variable	NOUN
cjfa-45164	200	15	contributes	contribute	VERB
cjfa-45164	200	16	to	to	ADP
cjfa-45164	200	17	the	the	DET
cjfa-45164	200	18	forecast	forecast	NOUN
cjfa-45164	200	19	error	error	NOUN
cjfa-45164	200	20	variance	variance	NOUN
cjfa-45164	200	21	of	of	ADP
cjfa-45164	200	22	other	other	ADJ
cjfa-45164	200	23	variables	variable	NOUN
cjfa-45164	200	24	in	in	ADP
cjfa-45164	200	25	a	a	DET
cjfa-45164	200	26	var	var	NOUN
cjfa-45164	200	27	model	model	NOUN
cjfa-45164	200	28	(	(	PUNCT
cjfa-45164	200	29	lesotho	lesotho	PROPN
cjfa-45164	200	30	et	et	PROPN
cjfa-45164	200	31	al	al	PROPN
cjfa-45164	200	32	.	.	PROPN
cjfa-45164	200	33	,	,	PUNCT
cjfa-45164	200	34	2016	2016	NUM
cjfa-45164	200	35	)	)	PUNCT
cjfa-45164	200	36	.	.	PUNCT
cjfa-45164	201	1	vdc	vdc	PROPN
cjfa-45164	201	2	separates	separate	VERB
cjfa-45164	201	3	the	the	DET
cjfa-45164	201	4	variation	variation	NOUN
cjfa-45164	201	5	in	in	ADP
cjfa-45164	201	6	an	an	DET
cjfa-45164	201	7	endogenous	endogenous	ADJ
cjfa-45164	201	8	variable	variable	NOUN
cjfa-45164	201	9	into	into	ADP
cjfa-45164	201	10	the	the	DET
cjfa-45164	201	11	component	component	NOUN
cjfa-45164	201	12	shocks	shock	NOUN
cjfa-45164	201	13	to	to	ADP
cjfa-45164	201	14	the	the	DET
cjfa-45164	201	15	var	var	NOUN
cjfa-45164	201	16	and	and	CCONJ
cjfa-45164	201	17	therefore	therefore	ADV
cjfa-45164	201	18	provides	provide	VERB
cjfa-45164	201	19	information	information	NOUN
cjfa-45164	201	20	about	about	ADP
cjfa-45164	201	21	the	the	DET
cjfa-45164	201	22	relative	relative	ADJ
cjfa-45164	201	23	importance	importance	NOUN
cjfa-45164	201	24	of	of	ADP
cjfa-45164	201	25	each	each	DET
cjfa-45164	201	26	random	random	ADJ
cjfa-45164	201	27	innovation	innovation	NOUN
cjfa-45164	201	28	affecting	affect	VERB
cjfa-45164	201	29	the	the	DET
cjfa-45164	201	30	variables	variable	NOUN
cjfa-45164	201	31	in	in	ADP
cjfa-45164	201	32	the	the	DET
cjfa-45164	201	33	var	var	NOUN
cjfa-45164	201	34	.	.	PUNCT
cjfa-45164	202	1	in	in	ADP
cjfa-45164	202	2	this	this	DET
cjfa-45164	202	3	study	study	NOUN
cjfa-45164	202	4	,	,	PUNCT
cjfa-45164	202	5	the	the	DET
cjfa-45164	202	6	vdc	vdc	PROPN
cjfa-45164	202	7	of	of	ADP
cjfa-45164	202	8	stock	stock	NOUN
cjfa-45164	202	9	market	market	NOUN
cjfa-45164	202	10	turnover	turnover	NOUN
cjfa-45164	202	11	ratio	ratio	NOUN
cjfa-45164	202	12	determines	determine	VERB
cjfa-45164	202	13	the	the	DET
cjfa-45164	202	14	proportion	proportion	NOUN
cjfa-45164	202	15	of	of	ADP
cjfa-45164	202	16	variations	variation	NOUN
cjfa-45164	202	17	in	in	ADP
cjfa-45164	202	18	stock	stock	NOUN
cjfa-45164	202	19	market	market	NOUN
cjfa-45164	202	20	turnover	turnover	NOUN
cjfa-45164	202	21	ratio	ratio	NOUN
cjfa-45164	202	22	explained	explain	VERB
cjfa-45164	202	23	by	by	ADP
cjfa-45164	202	24	each	each	PRON
cjfa-45164	202	25	of	of	ADP
cjfa-45164	202	26	the	the	DET
cjfa-45164	202	27	financial	financial	ADJ
cjfa-45164	202	28	inclusion	inclusion	NOUN
cjfa-45164	202	29	variables	variable	NOUN
cjfa-45164	202	30	(	(	PUNCT
cjfa-45164	202	31	credit	credit	NOUN
cjfa-45164	202	32	penetration	penetration	NOUN
cjfa-45164	202	33	,	,	PUNCT
cjfa-45164	202	34	bank	bank	NOUN
cjfa-45164	202	35	penetration	penetration	NOUN
cjfa-45164	202	36	and	and	CCONJ
cjfa-45164	202	37	deposit	deposit	NOUN
cjfa-45164	202	38	penetration	penetration	NOUN
cjfa-45164	202	39	)	)	PUNCT
cjfa-45164	202	40	over	over	ADP
cjfa-45164	202	41	the	the	DET
cjfa-45164	202	42	forecasted	forecast	VERB
cjfa-45164	202	43	periods	period	NOUN
cjfa-45164	202	44	.	.	PUNCT
cjfa-45164	203	1	since	since	SCONJ
cjfa-45164	203	2	there	there	PRON
cjfa-45164	203	3	is	be	VERB
cjfa-45164	203	4	a	a	DET
cjfa-45164	203	5	limit	limit	NOUN
cjfa-45164	203	6	to	to	ADP
cjfa-45164	203	7	the	the	DET
cjfa-45164	203	8	amount	amount	NOUN
cjfa-45164	203	9	of	of	ADP
cjfa-45164	203	10	information	information	NOUN
cjfa-45164	203	11	that	that	SCONJ
cjfa-45164	203	12	the	the	DET
cjfa-45164	203	13	estimates	estimate	NOUN
cjfa-45164	203	14	of	of	ADP
cjfa-45164	203	15	var	var	NOUN
cjfa-45164	203	16	can	can	AUX
cjfa-45164	203	17	provide	provide	VERB
cjfa-45164	203	18	on	on	ADP
cjfa-45164	203	19	the	the	DET
cjfa-45164	203	20	reaction	reaction	NOUN
cjfa-45164	203	21	of	of	ADP
cjfa-45164	203	22	the	the	DET
cjfa-45164	203	23	system	system	NOUN
cjfa-45164	203	24	to	to	ADP
cjfa-45164	203	25	an	an	DET
cjfa-45164	203	26	innovation	innovation	NOUN
cjfa-45164	203	27	,	,	PUNCT
cjfa-45164	203	28	the	the	DET
cjfa-45164	203	29	impulse	impulse	ADJ
cjfa-45164	203	30	response	response	NOUN
cjfa-45164	203	31	functions	function	NOUN
cjfa-45164	203	32	(	(	PUNCT
cjfa-45164	203	33	irfs	irfs	PROPN
cjfa-45164	203	34	)	)	PUNCT
cjfa-45164	203	35	(	(	PUNCT
cjfa-45164	203	36	rummel	rummel	PROPN
cjfa-45164	203	37	,	,	PUNCT
cjfa-45164	203	38	2015	2015	NUM
cjfa-45164	203	39	)	)	PUNCT
cjfa-45164	203	40	,	,	PUNCT
cjfa-45164	203	41	trace	trace	VERB
cjfa-45164	203	42	the	the	DET
cjfa-45164	203	43	effect	effect	NOUN
cjfa-45164	203	44	of	of	ADP
cjfa-45164	203	45	a	a	DET
cjfa-45164	203	46	one	one	NUM
cjfa-45164	203	47	-	-	PUNCT
cjfa-45164	203	48	time	time	NOUN
cjfa-45164	203	49	shock	shock	NOUN
cjfa-45164	203	50	to	to	ADP
cjfa-45164	203	51	one	one	NUM
cjfa-45164	203	52	of	of	ADP
cjfa-45164	203	53	the	the	DET
cjfa-45164	203	54	innovations	innovation	NOUN
cjfa-45164	203	55	on	on	ADP
cjfa-45164	203	56	current	current	ADJ
cjfa-45164	203	57	and	and	CCONJ
cjfa-45164	203	58	future	future	ADJ
cjfa-45164	203	59	values	value	NOUN
cjfa-45164	203	60	of	of	ADP
cjfa-45164	203	61	the	the	DET
cjfa-45164	203	62	endogenous	endogenous	ADJ
cjfa-45164	203	63	variables	variable	NOUN
cjfa-45164	203	64	in	in	ADP
cjfa-45164	203	65	the	the	DET
cjfa-45164	203	66	var	var	NOUN
cjfa-45164	203	67	.	.	PUNCT
cjfa-45164	204	1	an	an	DET
cjfa-45164	204	2	impulse	impulse	ADJ
cjfa-45164	204	3	response	response	NOUN
cjfa-45164	204	4	function	function	NOUN
cjfa-45164	204	5	traces	trace	VERB
cjfa-45164	204	6	the	the	DET
cjfa-45164	204	7	effect	effect	NOUN
cjfa-45164	204	8	of	of	ADP
cjfa-45164	204	9	a	a	DET
cjfa-45164	204	10	one	one	NUM
cjfa-45164	204	11	-	-	PUNCT
cjfa-45164	204	12	time	time	NOUN
cjfa-45164	204	13	shock	shock	NOUN
cjfa-45164	204	14	to	to	ADP
cjfa-45164	204	15	one	one	NUM
cjfa-45164	204	16	of	of	ADP
cjfa-45164	204	17	the	the	DET
cjfa-45164	204	18	innovations	innovation	NOUN
cjfa-45164	204	19	on	on	ADP
cjfa-45164	204	20	current	current	ADJ
cjfa-45164	204	21	and	and	CCONJ
cjfa-45164	204	22	future	future	ADJ
cjfa-45164	204	23	values	value	NOUN
cjfa-45164	204	24	of	of	ADP
cjfa-45164	204	25	the	the	DET
cjfa-45164	204	26	endogenous	endogenous	ADJ
cjfa-45164	204	27	g.f	g.f	PROPN
cjfa-45164	204	28	.	.	PROPN
cjfa-45164	204	29	babarinde	babarinde	PROPN
cjfa-45164	204	30	,	,	PUNCT
cjfa-45164	204	31	b.a	b.a	PROPN
cjfa-45164	204	32	.	.	PROPN
cjfa-45164	204	33	daneji	daneji	PROPN
cjfa-45164	204	34	,	,	PUNCT
cjfa-45164	204	35	m.a	m.a	PROPN
cjfa-45164	204	36	.	.	PROPN
cjfa-45164	204	37	jalloh	jalloh	PROPN
cjfa-45164	204	38	,	,	PUNCT
cjfa-45164	204	39	t.i	t.i	PROPN
cjfa-45164	204	40	.	.	NOUN
cjfa-45164	204	41	abdulmajeed1818	abdulmajeed1818	PROPN
cjfa-45164	204	42	variables	variable	NOUN
cjfa-45164	204	43	.	.	PUNCT
cjfa-45164	205	1	this	this	PRON
cjfa-45164	205	2	is	be	AUX
cjfa-45164	205	3	based	base	VERB
cjfa-45164	205	4	on	on	ADP
cjfa-45164	205	5	the	the	DET
cjfa-45164	205	6	idea	idea	NOUN
cjfa-45164	205	7	that	that	SCONJ
cjfa-45164	205	8	a	a	DET
cjfa-45164	205	9	shock	shock	NOUN
cjfa-45164	205	10	to	to	ADP
cjfa-45164	205	11	the	the	DET
cjfa-45164	205	12	i	i	PROPN
cjfa-45164	205	13	-	-	PUNCT
cjfa-45164	205	14	th	th	X
cjfa-45164	205	15	variable	variable	NOUN
cjfa-45164	205	16	not	not	PART
cjfa-45164	205	17	only	only	ADV
cjfa-45164	205	18	directly	directly	ADV
cjfa-45164	205	19	affects	affect	VERB
cjfa-45164	205	20	the	the	DET
cjfa-45164	205	21	i	i	PROPN
cjfa-45164	205	22	-	-	PUNCT
cjfa-45164	205	23	th	th	X
cjfa-45164	205	24	variable	variable	NOUN
cjfa-45164	205	25	but	but	CCONJ
cjfa-45164	205	26	is	be	AUX
cjfa-45164	205	27	also	also	ADV
cjfa-45164	205	28	transmitted	transmit	VERB
cjfa-45164	205	29	to	to	ADP
cjfa-45164	205	30	all	all	PRON
cjfa-45164	205	31	of	of	ADP
cjfa-45164	205	32	the	the	DET
cjfa-45164	205	33	other	other	ADJ
cjfa-45164	205	34	endogenous	endogenous	ADJ
cjfa-45164	205	35	variables	variable	NOUN
cjfa-45164	205	36	through	through	ADP
cjfa-45164	205	37	the	the	DET
cjfa-45164	205	38	dynamic	dynamic	ADJ
cjfa-45164	205	39	(	(	PUNCT
cjfa-45164	205	40	lag	lag	NOUN
cjfa-45164	205	41	)	)	PUNCT
cjfa-45164	205	42	structure	structure	NOUN
cjfa-45164	205	43	of	of	ADP
cjfa-45164	205	44	the	the	DET
cjfa-45164	205	45	var	var	NOUN
cjfa-45164	205	46	.	.	PUNCT
cjfa-45164	206	1	in	in	ADP
cjfa-45164	206	2	this	this	DET
cjfa-45164	206	3	study	study	NOUN
cjfa-45164	206	4	,	,	PUNCT
cjfa-45164	206	5	the	the	DET
cjfa-45164	206	6	variable	variable	NOUN
cjfa-45164	206	7	of	of	ADP
cjfa-45164	206	8	interest	interest	NOUN
cjfa-45164	206	9	is	be	AUX
cjfa-45164	206	10	stock	stock	NOUN
cjfa-45164	206	11	market	market	NOUN
cjfa-45164	206	12	liquidity	liquidity	NOUN
cjfa-45164	206	13	(	(	PUNCT
cjfa-45164	206	14	measured	measure	VERB
cjfa-45164	206	15	as	as	ADP
cjfa-45164	206	16	stock	stock	NOUN
cjfa-45164	206	17	market	market	NOUN
cjfa-45164	206	18	turnover	turnover	NOUN
cjfa-45164	206	19	ratio	ratio	NOUN
cjfa-45164	206	20	)	)	PUNCT
cjfa-45164	206	21	.	.	PUNCT
cjfa-45164	207	1	the	the	DET
cjfa-45164	207	2	irf	irf	PROPN
cjfa-45164	207	3	of	of	ADP
cjfa-45164	207	4	stock	stock	NOUN
cjfa-45164	207	5	market	market	NOUN
cjfa-45164	207	6	turnover	turnover	NOUN
cjfa-45164	207	7	ratio	ratio	NOUN
cjfa-45164	207	8	describes	describe	VERB
cjfa-45164	207	9	the	the	DET
cjfa-45164	207	10	reaction	reaction	NOUN
cjfa-45164	207	11	of	of	ADP
cjfa-45164	207	12	stock	stock	NOUN
cjfa-45164	207	13	market	market	NOUN
cjfa-45164	207	14	turnover	turnover	NOUN
cjfa-45164	207	15	ratio	ratio	NOUN
cjfa-45164	207	16	to	to	ADP
cjfa-45164	207	17	the	the	DET
cjfa-45164	207	18	measures	measure	NOUN
cjfa-45164	207	19	of	of	ADP
cjfa-45164	207	20	financial	financial	ADJ
cjfa-45164	207	21	inclusion	inclusion	NOUN
cjfa-45164	207	22	(	(	PUNCT
cjfa-45164	207	23	credit	credit	NOUN
cjfa-45164	207	24	penetration	penetration	NOUN
cjfa-45164	207	25	,	,	PUNCT
cjfa-45164	207	26	bank	bank	NOUN
cjfa-45164	207	27	penetration	penetration	NOUN
cjfa-45164	207	28	and	and	CCONJ
cjfa-45164	207	29	deposit	deposit	NOUN
cjfa-45164	207	30	penetration	penetration	NOUN
cjfa-45164	207	31	)	)	PUNCT
cjfa-45164	207	32	at	at	ADP
cjfa-45164	207	33	the	the	DET
cjfa-45164	207	34	time	time	NOUN
cjfa-45164	207	35	of	of	ADP
cjfa-45164	207	36	the	the	DET
cjfa-45164	207	37	shock	shock	NOUN
cjfa-45164	207	38	and	and	CCONJ
cjfa-45164	207	39	over	over	ADP
cjfa-45164	207	40	subsequent	subsequent	ADJ
cjfa-45164	207	41	(	(	PUNCT
cjfa-45164	207	42	forecasted	forecast	VERB
cjfa-45164	207	43	)	)	PUNCT
cjfa-45164	207	44	periods	period	NOUN
cjfa-45164	207	45	of	of	ADP
cjfa-45164	207	46	time	time	NOUN
cjfa-45164	207	47	.	.	PUNCT
cjfa-45164	208	1	model	model	PROPN
cjfa-45164	208	2	specificationmodel	specificationmodel	PROPN
cjfa-45164	208	3	specification	specification	PROPN
cjfa-45164	208	4	following	follow	VERB
cjfa-45164	208	5	the	the	DET
cjfa-45164	208	6	model	model	NOUN
cjfa-45164	208	7	of	of	ADP
cjfa-45164	208	8	lakshmanasamy	lakshmanasamy	NOUN
cjfa-45164	208	9	(	(	PUNCT
cjfa-45164	208	10	2020	2020	NUM
cjfa-45164	208	11	)	)	PUNCT
cjfa-45164	208	12	,	,	PUNCT
cjfa-45164	208	13	this	this	DET
cjfa-45164	208	14	study	study	NOUN
cjfa-45164	208	15	specified	specify	VERB
cjfa-45164	208	16	the	the	DET
cjfa-45164	208	17	functional	functional	ADJ
cjfa-45164	208	18	relationship	relationship	NOUN
cjfa-45164	208	19	between	between	ADP
cjfa-45164	208	20	financial	financial	ADJ
cjfa-45164	208	21	inclusion	inclusion	NOUN
cjfa-45164	208	22	(	(	PUNCT
cjfa-45164	208	23	measured	measure	VERB
cjfa-45164	208	24	as	as	ADP
cjfa-45164	208	25	deposit	deposit	NOUN
cjfa-45164	208	26	penetration	penetration	NOUN
cjfa-45164	208	27	,	,	PUNCT
cjfa-45164	208	28	bank	bank	NOUN
cjfa-45164	208	29	penetration	penetration	NOUN
cjfa-45164	208	30	and	and	CCONJ
cjfa-45164	208	31	credit	credit	NOUN
cjfa-45164	208	32	penetration	penetration	NOUN
cjfa-45164	208	33	)	)	PUNCT
cjfa-45164	208	34	and	and	CCONJ
cjfa-45164	208	35	stock	stock	NOUN
cjfa-45164	208	36	market	market	NOUN
cjfa-45164	208	37	liquidity	liquidity	NOUN
cjfa-45164	208	38	in	in	ADP
cjfa-45164	208	39	nigeria	nigeria	PROPN
cjfa-45164	208	40	.	.	PUNCT
cjfa-45164	209	1	unlike	unlike	ADP
cjfa-45164	209	2	the	the	DET
cjfa-45164	209	3	referenced	reference	VERB
cjfa-45164	209	4	work	work	NOUN
cjfa-45164	209	5	which	which	PRON
cjfa-45164	209	6	is	be	AUX
cjfa-45164	209	7	annual	annual	ADJ
cjfa-45164	209	8	panel	panel	NOUN
cjfa-45164	209	9	data	datum	NOUN
cjfa-45164	209	10	and	and	CCONJ
cjfa-45164	209	11	india	india	PROPN
cjfa-45164	209	12	-	-	PUNCT
cjfa-45164	209	13	based	base	VERB
cjfa-45164	209	14	situated	situate	VERB
cjfa-45164	209	15	within	within	ADP
cjfa-45164	209	16	ols	ol	NOUN
cjfa-45164	209	17	technique	technique	NOUN
cjfa-45164	209	18	,	,	PUNCT
cjfa-45164	209	19	this	this	DET
cjfa-45164	209	20	current	current	ADJ
cjfa-45164	209	21	study	study	NOUN
cjfa-45164	209	22	employs	employ	VERB
cjfa-45164	209	23	weekly	weekly	ADJ
cjfa-45164	209	24	time	time	NOUN
cjfa-45164	209	25	series	series	PROPN
cjfa-45164	209	26	nigerian	nigerian	PROPN
cjfa-45164	209	27	data	datum	NOUN
cjfa-45164	209	28	and	and	CCONJ
cjfa-45164	209	29	situated	situate	VERB
cjfa-45164	209	30	within	within	ADP
cjfa-45164	209	31	the	the	DET
cjfa-45164	209	32	multivariate	multivariate	NOUN
cjfa-45164	209	33	vector	vector	NOUN
cjfa-45164	209	34	autoregressive	autoregressive	ADJ
cjfa-45164	209	35	method	method	NOUN
cjfa-45164	209	36	(	(	PUNCT
cjfa-45164	209	37	var	var	NOUN
cjfa-45164	209	38	)	)	PUNCT
cjfa-45164	209	39	.	.	PUNCT
cjfa-45164	210	1	the	the	DET
cjfa-45164	210	2	var	var	NOUN
cjfa-45164	210	3	models	model	NOUN
cjfa-45164	210	4	for	for	ADP
cjfa-45164	210	5	this	this	DET
cjfa-45164	210	6	study	study	NOUN
cjfa-45164	210	7	are	be	AUX
cjfa-45164	210	8	specified	specify	VERB
cjfa-45164	210	9	in	in	ADP
cjfa-45164	210	10	equations	equation	NOUN
cjfa-45164	210	11	(	(	PUNCT
cjfa-45164	210	12	5	5	NUM
cjfa-45164	210	13	)	)	PUNCT
cjfa-45164	210	14	to	to	ADP
cjfa-45164	210	15	(	(	PUNCT
cjfa-45164	210	16	8)	8)	NUM
cjfa-45164	210	17	below	below	ADV
cjfa-45164	210	18	.	.	PUNCT
cjfa-45164	211	1	market	market	NOUN
cjfa-45164	211	2	liquidity	liquidity	NOUN
cjfa-45164	211	3	(	(	PUNCT
cjfa-45164	211	4	measured	measure	VERB
cjfa-45164	211	5	as	as	ADP
cjfa-45164	211	6	stock	stock	NOUN
cjfa-45164	211	7	market	market	NOUN
cjfa-45164	211	8	turnover	turnover	NOUN
cjfa-45164	211	9	ratio	ratio	NOUN
cjfa-45164	211	10	)	)	PUNCT
cjfa-45164	211	11	.	.	PUNCT
cjfa-45164	212	1	the	the	DET
cjfa-45164	212	2	irf	irf	PROPN
cjfa-45164	212	3	of	of	ADP
cjfa-45164	212	4	stock	stock	NOUN
cjfa-45164	212	5	market	market	NOUN
cjfa-45164	212	6	turnover	turnover	NOUN
cjfa-45164	212	7	ratio	ratio	NOUN
cjfa-45164	212	8	describes	describe	VERB
cjfa-45164	212	9	the	the	DET
cjfa-45164	212	10	reaction	reaction	NOUN
cjfa-45164	212	11	of	of	ADP
cjfa-45164	212	12	stock	stock	NOUN
cjfa-45164	212	13	market	market	NOUN
cjfa-45164	212	14	turnover	turnover	NOUN
cjfa-45164	212	15	ratio	ratio	NOUN
cjfa-45164	212	16	to	to	ADP
cjfa-45164	212	17	the	the	DET
cjfa-45164	212	18	measures	measure	NOUN
cjfa-45164	212	19	of	of	ADP
cjfa-45164	212	20	financial	financial	ADJ
cjfa-45164	212	21	inclusion	inclusion	NOUN
cjfa-45164	212	22	(	(	PUNCT
cjfa-45164	212	23	credit	credit	NOUN
cjfa-45164	212	24	penetration	penetration	NOUN
cjfa-45164	212	25	,	,	PUNCT
cjfa-45164	212	26	bank	bank	NOUN
cjfa-45164	212	27	penetration	penetration	NOUN
cjfa-45164	212	28	and	and	CCONJ
cjfa-45164	212	29	deposit	deposit	NOUN
cjfa-45164	212	30	penetration	penetration	NOUN
cjfa-45164	212	31	)	)	PUNCT
cjfa-45164	212	32	at	at	ADP
cjfa-45164	212	33	the	the	DET
cjfa-45164	212	34	time	time	NOUN
cjfa-45164	212	35	of	of	ADP
cjfa-45164	212	36	the	the	DET
cjfa-45164	212	37	shock	shock	NOUN
cjfa-45164	212	38	and	and	CCONJ
cjfa-45164	212	39	over	over	ADP
cjfa-45164	212	40	subsequent	subsequent	ADJ
cjfa-45164	212	41	(	(	PUNCT
cjfa-45164	212	42	forecasted	forecast	VERB
cjfa-45164	212	43	)	)	PUNCT
cjfa-45164	212	44	periods	period	NOUN
cjfa-45164	212	45	of	of	ADP
cjfa-45164	212	46	time	time	NOUN
cjfa-45164	212	47	.	.	PUNCT
cjfa-45164	213	1	model	model	NOUN
cjfa-45164	213	2	specification	specification	NOUN
cjfa-45164	213	3	following	follow	VERB
cjfa-45164	213	4	the	the	DET
cjfa-45164	213	5	model	model	NOUN
cjfa-45164	213	6	of	of	ADP
cjfa-45164	213	7	lakshmanasamy	lakshmanasamy	NOUN
cjfa-45164	213	8	(	(	PUNCT
cjfa-45164	213	9	2020	2020	NUM
cjfa-45164	213	10	)	)	PUNCT
cjfa-45164	213	11	,	,	PUNCT
cjfa-45164	213	12	this	this	DET
cjfa-45164	213	13	study	study	NOUN
cjfa-45164	213	14	specified	specify	VERB
cjfa-45164	213	15	the	the	DET
cjfa-45164	213	16	functional	functional	ADJ
cjfa-45164	213	17	relationship	relationship	NOUN
cjfa-45164	213	18	between	between	ADP
cjfa-45164	213	19	financial	financial	ADJ
cjfa-45164	213	20	inclusion	inclusion	NOUN
cjfa-45164	213	21	(	(	PUNCT
cjfa-45164	213	22	measured	measure	VERB
cjfa-45164	213	23	as	as	ADP
cjfa-45164	213	24	deposit	deposit	NOUN
cjfa-45164	213	25	penetration	penetration	NOUN
cjfa-45164	213	26	,	,	PUNCT
cjfa-45164	213	27	bank	bank	NOUN
cjfa-45164	213	28	penetration	penetration	NOUN
cjfa-45164	213	29	and	and	CCONJ
cjfa-45164	213	30	credit	credit	NOUN
cjfa-45164	213	31	penetration	penetration	NOUN
cjfa-45164	213	32	)	)	PUNCT
cjfa-45164	213	33	and	and	CCONJ
cjfa-45164	213	34	stock	stock	NOUN
cjfa-45164	213	35	market	market	NOUN
cjfa-45164	213	36	liquidity	liquidity	NOUN
cjfa-45164	213	37	in	in	ADP
cjfa-45164	213	38	nigeria	nigeria	PROPN
cjfa-45164	213	39	.	.	PUNCT
cjfa-45164	214	1	unlike	unlike	ADP
cjfa-45164	214	2	the	the	DET
cjfa-45164	214	3	referenced	reference	VERB
cjfa-45164	214	4	work	work	NOUN
cjfa-45164	214	5	which	which	PRON
cjfa-45164	214	6	is	be	AUX
cjfa-45164	214	7	annual	annual	ADJ
cjfa-45164	214	8	panel	panel	NOUN
cjfa-45164	214	9	data	datum	NOUN
cjfa-45164	214	10	and	and	CCONJ
cjfa-45164	214	11	india	india	PROPN
cjfa-45164	214	12	-	-	PUNCT
cjfa-45164	214	13	based	base	VERB
cjfa-45164	214	14	situated	situate	VERB
cjfa-45164	214	15	within	within	ADP
cjfa-45164	214	16	ols	ol	NOUN
cjfa-45164	214	17	technique	technique	NOUN
cjfa-45164	214	18	,	,	PUNCT
cjfa-45164	214	19	this	this	DET
cjfa-45164	214	20	current	current	ADJ
cjfa-45164	214	21	study	study	NOUN
cjfa-45164	214	22	employs	employ	VERB
cjfa-45164	214	23	weekly	weekly	ADJ
cjfa-45164	214	24	time	time	NOUN
cjfa-45164	214	25	series	series	PROPN
cjfa-45164	214	26	nigerian	nigerian	PROPN
cjfa-45164	214	27	data	datum	NOUN
cjfa-45164	214	28	and	and	CCONJ
cjfa-45164	214	29	situated	situate	VERB
cjfa-45164	214	30	within	within	ADP
cjfa-45164	214	31	the	the	DET
cjfa-45164	214	32	multivariate	multivariate	NOUN
cjfa-45164	214	33	vector	vector	NOUN
cjfa-45164	214	34	autoregressive	autoregressive	ADJ
cjfa-45164	214	35	method	method	NOUN
cjfa-45164	214	36	(	(	PUNCT
cjfa-45164	214	37	var	var	NOUN
cjfa-45164	214	38	)	)	PUNCT
cjfa-45164	214	39	.	.	PUNCT
cjfa-45164	215	1	the	the	DET
cjfa-45164	215	2	var	var	NOUN
cjfa-45164	215	3	models	model	NOUN
cjfa-45164	215	4	for	for	ADP
cjfa-45164	215	5	this	this	DET
cjfa-45164	215	6	study	study	NOUN
cjfa-45164	215	7	are	be	AUX
cjfa-45164	215	8	specified	specify	VERB
cjfa-45164	215	9	in	in	ADP
cjfa-45164	215	10	equations	equation	NOUN
cjfa-45164	215	11	(	(	PUNCT
cjfa-45164	215	12	5	5	NUM
cjfa-45164	215	13	)	)	PUNCT
cjfa-45164	215	14	to	to	ADP
cjfa-45164	215	15	(	(	PUNCT
cjfa-45164	215	16	8)	8)	NUM
cjfa-45164	215	17	below	below	ADV
cjfa-45164	215	18	.	.	PUNCT
cjfa-45164	216	1	�	�	PROPN
cjfa-45164	216	2	smtr	smtr	PROPN
cjfa-45164	216	3	�	�	PROPN
cjfa-45164	216	4	d	d	PROPN
cjfa-45164	216	5	�	�	PROPN
cjfa-45164	216	6	dpp	dpp	PROPN
cjfa-45164	216	7	�	�	PROPN
cjfa-45164	216	8	�	�	PROPN
cjfa-45164	216	9	d	d	PROPN
cjfa-45164	216	10	�	�	PROPN
cjfa-45164	216	11	bkp	bkp	PROPN
cjfa-45164	216	12	�	�	PROPN
cjfa-45164	216	13	�	�	PROPN
cjfa-45164	216	14	d	d	PROPN
cjfa-45164	216	15	�	�	PROPN
cjfa-45164	216	16	crp	crp	PROPN
cjfa-45164	216	17	�	�	PROPN
cjfa-45164	216	18	�	�	PROPN
cjfa-45164	216	19	�	�	PROPN
cjfa-45164	216	20	�	�	PROPN
cjfa-45164	216	21	�	�	PROPN
cjfa-45164	216	22	smtr	smtr	PROPN
cjfa-45164	216	23	�	�	PROPN
cjfa-45164	216	24	�	�	PROPN
cjfa-45164	216	25	�	�	PROPN
cjfa-45164	216	26	d	d	PROPN
cjfa-45164	216	27	�	�	PROPN
cjfa-45164	216	28	dpp	dpp	PROPN
cjfa-45164	216	29	�	�	PROPN
cjfa-45164	216	30	�	�	PROPN
cjfa-45164	216	31	�	�	PROPN
cjfa-45164	216	32	�	�	PROPN
cjfa-45164	216	33	d	d	PROPN
cjfa-45164	216	34	�	�	PROPN
cjfa-45164	216	35	bkp	bkp	PROPN
cjfa-45164	216	36	�	�	PROPN
cjfa-45164	216	37	�	�	PROPN
cjfa-45164	216	38	�	�	PROPN
cjfa-45164	216	39	�	�	PROPN
cjfa-45164	216	40	d	d	PROPN
cjfa-45164	216	41	�	�	PROPN
cjfa-45164	216	42	crp	crp	PROPN
cjfa-45164	216	43	�	�	PROPN
cjfa-45164	216	44	�	�	PROPN
cjfa-45164	216	45	�	�	PROPN
cjfa-45164	216	46	�	�	PROPN
cjfa-45164	216	47	�	�	PROPN
cjfa-45164	216	48	�	�	PROPN
cjfa-45164	216	49	�	�	PROPN
cjfa-45164	216	50	d	d	PROPN
cjfa-45164	216	51	�	�	PROPN
cjfa-45164	216	52	dpp	dpp	PROPN
cjfa-45164	216	53	�	�	PROPN
cjfa-45164	216	54	�	�	PROPN
cjfa-45164	216	55	�	�	PROPN
cjfa-45164	216	56	�	�	PROPN
cjfa-45164	216	57	smtr	smtr	PROPN
cjfa-45164	216	58	�	�	PROPN
cjfa-45164	216	59	�	�	PROPN
cjfa-45164	216	60	�	�	PROPN
cjfa-45164	216	61	smtr	smtr	PROPN
cjfa-45164	216	62	�	�	PROPN
cjfa-45164	216	63	�	�	PROPN
cjfa-45164	216	64	�	�	PROPN
cjfa-45164	216	65	smtr	smtr	PROPN
cjfa-45164	216	66	�	�	PROPN
cjfa-45164	216	67	�	�	PROPN
cjfa-45164	216	68	�	�	PROPN
cjfa-45164	216	69	�	�	PROPN
cjfa-45164	216	70	�	�	PROPN
cjfa-45164	216	71	�	�	PROPN
cjfa-45164	216	72	d	d	PROPN
cjfa-45164	216	73	�	�	PROPN
cjfa-45164	216	74	bkp	bkp	PROPN
cjfa-45164	216	75	�	�	PROPN
cjfa-45164	216	76	�	�	PROPN
cjfa-45164	216	77	�	�	PROPN
cjfa-45164	216	78	�	�	PROPN
cjfa-45164	216	79	d	d	PROPN
cjfa-45164	216	80	�	�	PROPN
cjfa-45164	216	81	bkp	bkp	PROPN
cjfa-45164	216	82	�	�	PROPN
cjfa-45164	216	83	�	�	PROPN
cjfa-45164	216	84	�	�	PROPN
cjfa-45164	216	85	�	�	PROPN
cjfa-45164	216	86	d	d	PROPN
cjfa-45164	216	87	�	�	PROPN
cjfa-45164	216	88	dpp	dpp	PROPN
cjfa-45164	216	89	�	�	PROPN
cjfa-45164	216	90	�	�	PROPN
cjfa-45164	216	91	�	�	PROPN
cjfa-45164	216	92	�	�	PROPN
cjfa-45164	216	93	d	d	PROPN
cjfa-45164	216	94	�	�	PROPN
cjfa-45164	216	95	dpp	dpp	PROPN
cjfa-45164	216	96	�	�	PROPN
cjfa-45164	216	97	�	�	PROPN
cjfa-45164	216	98	�	�	PROPN
cjfa-45164	216	99	�	�	PROPN
cjfa-45164	216	100	�	�	PROPN
cjfa-45164	216	101	�	�	PROPN
cjfa-45164	216	102	�	�	PROPN
cjfa-45164	216	103	d	d	PROPN
cjfa-45164	216	104	�	�	PROPN
cjfa-45164	216	105	crp	crp	PROPN
cjfa-45164	216	106	�	�	PROPN
cjfa-45164	216	107	�	�	PROPN
cjfa-45164	216	108	�	�	PROPN
cjfa-45164	216	109	�	�	PROPN
cjfa-45164	216	110	d	d	PROPN
cjfa-45164	216	111	�	�	PROPN
cjfa-45164	216	112	crp	crp	PROPN
cjfa-45164	216	113	�	�	PROPN
cjfa-45164	216	114	�	�	PROPN
cjfa-45164	216	115	�	�	PROPN
cjfa-45164	216	116	�	�	PROPN
cjfa-45164	216	117	d	d	PROPN
cjfa-45164	216	118	�	�	PROPN
cjfa-45164	216	119	crp	crp	PROPN
cjfa-45164	216	120	�	�	PROPN
cjfa-45164	216	121	�	�	PROPN
cjfa-45164	216	122	�	�	PROPN
cjfa-45164	216	123	�	�	PROPN
cjfa-45164	216	124	d	d	PROPN
cjfa-45164	216	125	�	�	PROPN
cjfa-45164	216	126	bkp	bkp	PROPN
cjfa-45164	216	127	�	�	PROPN
cjfa-45164	216	128	�	�	PROPN
cjfa-45164	216	129	�	�	PROPN
cjfa-45164	216	130	�	�	PROPN
cjfa-45164	216	131	�	�	PROPN
cjfa-45164	216	132	�	�	PROPN
cjfa-45164	216	133	�	�	PROPN
cjfa-45164	216	134	∪	∪	PROPN
cjfa-45164	216	135	�	�	PROPN
cjfa-45164	216	136	�	�	PROPN
cjfa-45164	216	137	∪	∪	NOUN
cjfa-45164	216	138	�	�	PROPN
cjfa-45164	216	139	�	�	PROPN
cjfa-45164	216	140	∪	∪	NOUN
cjfa-45164	216	141	�	�	PROPN
cjfa-45164	216	142	�	�	PROPN
cjfa-45164	216	143	∪	∪	NOUN
cjfa-45164	216	144	�	�	PROPN
cjfa-45164	216	145	�	�	PROPN
cjfa-45164	216	146	�	�	PROPN
cjfa-45164	216	147	�	�	PROPN
cjfa-45164	216	148	5	5	NUM
cjfa-45164	216	149	�	�	PROPN
cjfa-45164	216	150	�	�	PROPN
cjfa-45164	216	151	6	6	NUM
cjfa-45164	216	152	�	�	PROPN
cjfa-45164	216	153	�	�	PROPN
cjfa-45164	216	154	7	7	NUM
cjfa-45164	216	155	�	�	PROPN
cjfa-45164	216	156	�	�	PROPN
cjfa-45164	216	157	8	8	NUM
cjfa-45164	216	158	�	�	PROPN
cjfa-45164	216	159	where	where	SCONJ
cjfa-45164	216	160	:	:	PUNCT
cjfa-45164	216	161	the	the	DET
cjfa-45164	216	162	prefix	prefix	NOUN
cjfa-45164	216	163	‘	'	PUNCT
cjfa-45164	216	164	d	d	NOUN
cjfa-45164	216	165	’	'	PUNCT
cjfa-45164	216	166	denotes	denote	VERB
cjfa-45164	216	167	the	the	DET
cjfa-45164	216	168	differenced	differenced	ADJ
cjfa-45164	216	169	form	form	NOUN
cjfa-45164	216	170	of	of	ADP
cjfa-45164	216	171	the	the	DET
cjfa-45164	216	172	variables	variable	NOUN
cjfa-45164	216	173	(	(	PUNCT
cjfa-45164	216	174	as	as	ADP
cjfa-45164	216	175	in	in	ADP
cjfa-45164	216	176	d	d	PROPN
cjfa-45164	216	177	�	�	PROPN
cjfa-45164	216	178	dpp	dpp	PROPN
cjfa-45164	216	179	�	�	PROPN
cjfa-45164	216	180	�	�	PROPN
cjfa-45164	216	181	�	�	PROPN
cjfa-45164	216	182	�	�	PROPN
cjfa-45164	216	183	,	,	PUNCT
cjfa-45164	216	184	d	d	PROPN
cjfa-45164	216	185	�	�	PROPN
cjfa-45164	216	186	bkp	bkp	PROPN
cjfa-45164	216	187	�	�	PROPN
cjfa-45164	216	188	�	�	PROPN
cjfa-45164	216	189	�	�	PROPN
cjfa-45164	216	190	�	�	PROPN
cjfa-45164	216	191	and	and	CCONJ
cjfa-45164	216	192	d	d	PROPN
cjfa-45164	216	193	�	�	PROPN
cjfa-45164	216	194	crp	crp	PROPN
cjfa-45164	216	195	�	�	PROPN
cjfa-45164	216	196	�	�	PROPN
cjfa-45164	216	197	�	�	PROPN
cjfa-45164	216	198	�	�	PROPN
cjfa-45164	216	199	)	)	PUNCT
cjfa-45164	216	200	where	where	SCONJ
cjfa-45164	216	201	the	the	DET
cjfa-45164	216	202	stationary	stationary	ADJ
cjfa-45164	216	203	form	form	NOUN
cjfa-45164	216	204	of	of	ADP
cjfa-45164	216	205	the	the	DET
cjfa-45164	216	206	variable	variable	NOUN
cjfa-45164	216	207	is	be	AUX
cjfa-45164	216	208	added	add	VERB
cjfa-45164	216	209	to	to	ADP
cjfa-45164	216	210	the	the	DET
cjfa-45164	216	211	var	var	NOUN
cjfa-45164	216	212	model	model	NOUN
cjfa-45164	216	213	in	in	ADP
cjfa-45164	216	214	line	line	NOUN
cjfa-45164	216	215	with	with	ADP
cjfa-45164	216	216	the	the	DET
cjfa-45164	216	217	suggestion	suggestion	NOUN
cjfa-45164	216	218	of	of	ADP
cjfa-45164	216	219	garca	garca	PROPN
cjfa-45164	216	220	-	-	PUNCT
cjfa-45164	216	221	ascanio	ascanio	NOUN
cjfa-45164	216	222	and	and	CCONJ
cjfa-45164	216	223	mate	mate	NOUN
cjfa-45164	216	224	(	(	PUNCT
cjfa-45164	216	225	2010	2010	NUM
cjfa-45164	216	226	)	)	PUNCT
cjfa-45164	216	227	;	;	PUNCT
cjfa-45164	216	228	smtr	smtr	NOUN
cjfa-45164	216	229	=	=	SYM
cjfa-45164	216	230	stock	stock	NOUN
cjfa-45164	216	231	market	market	NOUN
cjfa-45164	216	232	turnover	turnover	NOUN
cjfa-45164	216	233	ratio	ratio	NOUN
cjfa-45164	216	234	;	;	PUNCT
cjfa-45164	216	235	bank	bank	NOUN
cjfa-45164	216	236	penetration	penetration	NOUN
cjfa-45164	216	237	=	=	NOUN
cjfa-45164	216	238	bkp	bkp	NOUN
cjfa-45164	216	239	,	,	PUNCT
cjfa-45164	216	240	credit	credit	NOUN
cjfa-45164	216	241	penetration	penetration	NOUN
cjfa-45164	216	242	=	=	SYM
cjfa-45164	216	243	crp	crp	NOUN
cjfa-45164	216	244	and	and	CCONJ
cjfa-45164	216	245	deposit	deposit	NOUN
cjfa-45164	216	246	penetration	penetration	NOUN
cjfa-45164	216	247	=	=	SYM
cjfa-45164	216	248	dpp	dpp	NOUN
cjfa-45164	216	249	;	;	PUNCT
cjfa-45164	216	250	∪	∪	PROPN
cjfa-45164	216	251	�	�	PROPN
cjfa-45164	216	252	�	�	PROPN
cjfa-45164	216	253	�	�	PROPN
cjfa-45164	216	254	∪	∪	NOUN
cjfa-45164	216	255	�	�	PROPN
cjfa-45164	216	256	�	�	PROPN
cjfa-45164	216	257	signifies	signify	VERB
cjfa-45164	216	258	error	error	NOUN
cjfa-45164	216	259	term	term	NOUN
cjfa-45164	216	260	for	for	ADP
cjfa-45164	216	261	each	each	DET
cjfa-45164	216	262	equation	equation	NOUN
cjfa-45164	216	263	from	from	ADP
cjfa-45164	216	264	(	(	PUNCT
cjfa-45164	216	265	5	5	NUM
cjfa-45164	216	266	)	)	PUNCT
cjfa-45164	216	267	to	to	ADP
cjfa-45164	216	268	(	(	PUNCT
cjfa-45164	216	269	8)	8)	NUM
cjfa-45164	216	270	.	.	PUNCT
cjfa-45164	217	1	theoretically	theoretically	ADV
cjfa-45164	217	2	,	,	PUNCT
cjfa-45164	217	3	each	each	PRON
cjfa-45164	217	4	of	of	ADP
cjfa-45164	217	5	the	the	DET
cjfa-45164	217	6	indicators	indicator	NOUN
cjfa-45164	217	7	of	of	ADP
cjfa-45164	217	8	financial	financial	ADJ
cjfa-45164	217	9	inclusion	inclusion	NOUN
cjfa-45164	217	10	,	,	PUNCT
cjfa-45164	217	11	credit	credit	NOUN
cjfa-45164	217	12	penetration	penetration	NOUN
cjfa-45164	217	13	,	,	PUNCT
cjfa-45164	217	14	bank	bank	NOUN
cjfa-45164	217	15	penetration	penetration	NOUN
cjfa-45164	217	16	and	and	CCONJ
cjfa-45164	217	17	deposit	deposit	NOUN
cjfa-45164	217	18	penetration	penetration	NOUN
cjfa-45164	217	19	,	,	PUNCT
cjfa-45164	217	20	is	be	AUX
cjfa-45164	217	21	expected	expect	VERB
cjfa-45164	217	22	to	to	PART
cjfa-45164	217	23	have	have	VERB
cjfa-45164	217	24	significant	significant	ADJ
cjfa-45164	217	25	relationship	relationship	NOUN
cjfa-45164	217	26	with	with	ADP
cjfa-45164	217	27	liquidity	liquidity	NOUN
cjfa-45164	217	28	of	of	ADP
cjfa-45164	217	29	the	the	DET
cjfa-45164	217	30	capital	capital	NOUN
cjfa-45164	217	31	market	market	NOUN
cjfa-45164	217	32	in	in	ADP
cjfa-45164	217	33	nigeria	nigeria	PROPN
cjfa-45164	217	34	.	.	PUNCT
cjfa-45164	218	1	where	where	SCONJ
cjfa-45164	218	2	:	:	PUNCT
cjfa-45164	218	3	the	the	DET
cjfa-45164	218	4	prefix	prefix	NOUN
cjfa-45164	218	5	‘	'	PUNCT
cjfa-45164	218	6	d	d	NOUN
cjfa-45164	218	7	’	'	PUNCT
cjfa-45164	218	8	denotes	denote	VERB
cjfa-45164	218	9	the	the	DET
cjfa-45164	218	10	differenced	differenced	ADJ
cjfa-45164	218	11	form	form	NOUN
cjfa-45164	218	12	of	of	ADP
cjfa-45164	218	13	the	the	DET
cjfa-45164	218	14	variables	variable	NOUN
cjfa-45164	218	15	(	(	PUNCT
cjfa-45164	218	16	as	as	ADP
cjfa-45164	218	17	in	in	ADP
cjfa-45164	218	18	d(dppt–1	d(dppt–1	NOUN
cjfa-45164	218	19	)	)	PUNCT
cjfa-45164	218	20	,	,	PUNCT
cjfa-45164	218	21	d(bkpt–1	d(bkpt–1	PROPN
cjfa-45164	218	22	)	)	PUNCT
cjfa-45164	218	23	,	,	PUNCT
cjfa-45164	218	24	and	and	CCONJ
cjfa-45164	218	25	d(crpt–1	d(crpt–1	X
cjfa-45164	218	26	)	)	PUNCT
cjfa-45164	218	27	)	)	PUNCT
cjfa-45164	218	28	where	where	SCONJ
cjfa-45164	218	29	the	the	DET
cjfa-45164	218	30	stationary	stationary	ADJ
cjfa-45164	218	31	form	form	NOUN
cjfa-45164	218	32	of	of	ADP
cjfa-45164	218	33	the	the	DET
cjfa-45164	218	34	variable	variable	NOUN
cjfa-45164	218	35	is	be	AUX
cjfa-45164	218	36	added	add	VERB
cjfa-45164	218	37	to	to	ADP
cjfa-45164	218	38	the	the	DET
cjfa-45164	218	39	var	var	NOUN
cjfa-45164	218	40	model	model	NOUN
cjfa-45164	218	41	in	in	ADP
cjfa-45164	218	42	line	line	NOUN
cjfa-45164	218	43	with	with	ADP
cjfa-45164	218	44	the	the	DET
cjfa-45164	218	45	suggestion	suggestion	NOUN
cjfa-45164	218	46	of	of	ADP
cjfa-45164	218	47	garcıa	garcıa	ADJ
cjfa-45164	218	48	-	-	PUNCT
cjfa-45164	218	49	ascanio	ascanio	NOUN
cjfa-45164	218	50	and	and	CCONJ
cjfa-45164	218	51	mate	mate	NOUN
cjfa-45164	218	52	(	(	PUNCT
cjfa-45164	218	53	2010	2010	NUM
cjfa-45164	218	54	)	)	PUNCT
cjfa-45164	218	55	;	;	PUNCT
cjfa-45164	218	56	smtr	smtr	NOUN
cjfa-45164	218	57	=	=	PUNCT
cjfa-45164	218	58	stock	stock	NOUN
cjfa-45164	218	59	market	market	NOUN
cjfa-45164	218	60	turnover	turnover	NOUN
cjfa-45164	218	61	ratio	ratio	NOUN
cjfa-45164	218	62	;	;	PUNCT
cjfa-45164	218	63	bank	bank	NOUN
cjfa-45164	218	64	penetration	penetration	NOUN
cjfa-45164	218	65	=	=	SYM
cjfa-45164	218	66	bkp	bkp	NOUN
cjfa-45164	218	67	,	,	PUNCT
cjfa-45164	218	68	credit	credit	NOUN
cjfa-45164	218	69	penetration	penetration	NOUN
cjfa-45164	218	70	=	=	SYM
cjfa-45164	218	71	crp	crp	NOUN
cjfa-45164	218	72	and	and	CCONJ
cjfa-45164	218	73	deposit	deposit	NOUN
cjfa-45164	218	74	penetration	penetration	NOUN
cjfa-45164	218	75	=	=	SYM
cjfa-45164	218	76	dpp	dpp	PROPN
cjfa-45164	218	77	;	;	PUNCT
cjfa-45164	218	78	∪t1–∪t4	∪t1–∪t4	PROPN
cjfa-45164	218	79	signifies	signify	VERB
cjfa-45164	218	80	error	error	NOUN
cjfa-45164	218	81	term	term	NOUN
cjfa-45164	218	82	for	for	ADP
cjfa-45164	218	83	each	each	DET
cjfa-45164	218	84	equation	equation	NOUN
cjfa-45164	218	85	from	from	ADP
cjfa-45164	218	86	(	(	PUNCT
cjfa-45164	218	87	5	5	NUM
cjfa-45164	218	88	)	)	PUNCT
cjfa-45164	218	89	to	to	ADP
cjfa-45164	218	90	(	(	PUNCT
cjfa-45164	218	91	8)	8)	NUM
cjfa-45164	218	92	.	.	PUNCT
cjfa-45164	218	93	financial	financial	ADJ
cjfa-45164	218	94	inclusion	inclusion	NOUN
cjfa-45164	218	95	implications	implication	NOUN
cjfa-45164	218	96	on	on	ADP
cjfa-45164	218	97	the	the	DET
cjfa-45164	218	98	liquidity	liquidity	NOUN
cjfa-45164	218	99	…	…	PUNCT
cjfa-45164	218	100	1919	1919	NUM
cjfa-45164	218	101	theoretically	theoretically	ADV
cjfa-45164	218	102	,	,	PUNCT
cjfa-45164	218	103	each	each	PRON
cjfa-45164	218	104	of	of	ADP
cjfa-45164	218	105	the	the	DET
cjfa-45164	218	106	indicators	indicator	NOUN
cjfa-45164	218	107	of	of	ADP
cjfa-45164	218	108	financial	financial	ADJ
cjfa-45164	218	109	inclusion	inclusion	NOUN
cjfa-45164	218	110	,	,	PUNCT
cjfa-45164	218	111	credit	credit	NOUN
cjfa-45164	218	112	penetration	penetration	NOUN
cjfa-45164	218	113	,	,	PUNCT
cjfa-45164	218	114	bank	bank	NOUN
cjfa-45164	218	115	penetration	penetration	NOUN
cjfa-45164	218	116	and	and	CCONJ
cjfa-45164	218	117	deposit	deposit	NOUN
cjfa-45164	218	118	penetration	penetration	NOUN
cjfa-45164	218	119	,	,	PUNCT
cjfa-45164	218	120	is	be	AUX
cjfa-45164	218	121	expected	expect	VERB
cjfa-45164	218	122	to	to	PART
cjfa-45164	218	123	have	have	VERB
cjfa-45164	218	124	significant	significant	ADJ
cjfa-45164	218	125	relationship	relationship	NOUN
cjfa-45164	218	126	with	with	ADP
cjfa-45164	218	127	liquidity	liquidity	NOUN
cjfa-45164	218	128	of	of	ADP
cjfa-45164	218	129	the	the	DET
cjfa-45164	218	130	capital	capital	NOUN
cjfa-45164	218	131	market	market	NOUN
cjfa-45164	218	132	in	in	ADP
cjfa-45164	218	133	nigeria	nigeria	PROPN
cjfa-45164	218	134	.	.	PUNCT
cjfa-45164	219	1	empirical	empirical	ADJ
cjfa-45164	219	2	results	result	NOUN
cjfa-45164	219	3	and	and	CCONJ
cjfa-45164	219	4	discussion	discussion	NOUN
cjfa-45164	219	5	empirical	empirical	ADJ
cjfa-45164	219	6	results	result	NOUN
cjfa-45164	219	7	and	and	CCONJ
cjfa-45164	219	8	discussion	discussion	NOUN
cjfa-45164	219	9	unit	unit	NOUN
cjfa-45164	219	10	root	root	PROPN
cjfa-45164	219	11	testsunit	testsunit	PROPN
cjfa-45164	219	12	root	root	NOUN
cjfa-45164	219	13	tests	test	VERB
cjfa-45164	219	14	the	the	DET
cjfa-45164	219	15	results	result	NOUN
cjfa-45164	219	16	of	of	ADP
cjfa-45164	219	17	the	the	DET
cjfa-45164	219	18	augmented	augment	VERB
cjfa-45164	219	19	dickey	dickey	NOUN
cjfa-45164	219	20	-	-	PUNCT
cjfa-45164	219	21	fuller	full	ADJ
cjfa-45164	219	22	(	(	PUNCT
cjfa-45164	219	23	adf	adf	NOUN
cjfa-45164	219	24	)	)	PUNCT
cjfa-45164	219	25	unit	unit	NOUN
cjfa-45164	219	26	root	root	NOUN
cjfa-45164	219	27	test	test	NOUN
cjfa-45164	219	28	are	be	AUX
cjfa-45164	219	29	presented	present	VERB
cjfa-45164	219	30	in	in	ADP
cjfa-45164	219	31	table	table	NOUN
cjfa-45164	219	32	1	1	NUM
cjfa-45164	219	33	.	.	PUNCT
cjfa-45164	220	1	the	the	DET
cjfa-45164	220	2	results	result	NOUN
cjfa-45164	220	3	of	of	ADP
cjfa-45164	220	4	the	the	DET
cjfa-45164	220	5	unit	unit	NOUN
cjfa-45164	220	6	root	root	NOUN
cjfa-45164	220	7	test	test	NOUN
cjfa-45164	220	8	of	of	ADP
cjfa-45164	220	9	stock	stock	NOUN
cjfa-45164	220	10	market	market	NOUN
cjfa-45164	220	11	turnover	turnover	NOUN
cjfa-45164	220	12	ratio	ratio	NOUN
cjfa-45164	220	13	(	(	PUNCT
cjfa-45164	220	14	smtr	smtr	NOUN
cjfa-45164	220	15	)	)	PUNCT
cjfa-45164	220	16	show	show	VERB
cjfa-45164	220	17	that	that	SCONJ
cjfa-45164	220	18	the	the	DET
cjfa-45164	220	19	variable	variable	NOUN
cjfa-45164	220	20	is	be	AUX
cjfa-45164	220	21	stationary	stationary	ADJ
cjfa-45164	220	22	in	in	ADP
cjfa-45164	220	23	level	level	NOUN
cjfa-45164	220	24	.	.	PUNCT
cjfa-45164	221	1	however	however	ADV
cjfa-45164	221	2	,	,	PUNCT
cjfa-45164	221	3	deposit	deposit	NOUN
cjfa-45164	221	4	penetration	penetration	NOUN
cjfa-45164	221	5	(	(	PUNCT
cjfa-45164	221	6	dpp	dpp	NOUN
cjfa-45164	221	7	)	)	PUNCT
cjfa-45164	221	8	,	,	PUNCT
cjfa-45164	221	9	credit	credit	NOUN
cjfa-45164	221	10	penetration	penetration	NOUN
cjfa-45164	221	11	(	(	PUNCT
cjfa-45164	221	12	crp	crp	NOUN
cjfa-45164	221	13	)	)	PUNCT
cjfa-45164	221	14	and	and	CCONJ
cjfa-45164	221	15	bank	bank	NOUN
cjfa-45164	221	16	penetration	penetration	NOUN
cjfa-45164	221	17	(	(	PUNCT
cjfa-45164	221	18	bkp	bkp	PROPN
cjfa-45164	221	19	)	)	PUNCT
cjfa-45164	221	20	,	,	PUNCT
cjfa-45164	221	21	are	be	AUX
cjfa-45164	221	22	non	non	ADJ
cjfa-45164	221	23	-	-	ADJ
cjfa-45164	221	24	stationary	stationary	ADJ
cjfa-45164	221	25	at	at	ADP
cjfa-45164	221	26	level	level	NOUN
cjfa-45164	221	27	but	but	CCONJ
cjfa-45164	221	28	the	the	DET
cjfa-45164	221	29	trio	trio	NOUN
cjfa-45164	221	30	attain	attain	VERB
cjfa-45164	221	31	stationarity	stationarity	NOUN
cjfa-45164	221	32	at	at	ADP
cjfa-45164	221	33	first	first	ADJ
cjfa-45164	221	34	difference	difference	NOUN
cjfa-45164	221	35	.	.	PUNCT
cjfa-45164	222	1	in	in	ADP
cjfa-45164	222	2	sum	sum	NOUN
cjfa-45164	222	3	,	,	PUNCT
cjfa-45164	222	4	the	the	DET
cjfa-45164	222	5	variables	variable	NOUN
cjfa-45164	222	6	are	be	AUX
cjfa-45164	222	7	of	of	ADP
cjfa-45164	222	8	mixed	mixed	ADJ
cjfa-45164	222	9	order	order	NOUN
cjfa-45164	222	10	of	of	ADP
cjfa-45164	222	11	integration	integration	NOUN
cjfa-45164	222	12	of	of	ADP
cjfa-45164	222	13	order	order	NOUN
cjfa-45164	222	14	one	one	NUM
cjfa-45164	222	15	(	(	PUNCT
cjfa-45164	222	16	dpp	dpp	PROPN
cjfa-45164	222	17	,	,	PUNCT
cjfa-45164	222	18	crp	crp	PROPN
cjfa-45164	222	19	,	,	PUNCT
cjfa-45164	222	20	bkp	bkp	PROPN
cjfa-45164	222	21	)	)	PUNCT
cjfa-45164	222	22	and	and	CCONJ
cjfa-45164	222	23	order	order	NOUN
cjfa-45164	222	24	zero	zero	NUM
cjfa-45164	222	25	(	(	PUNCT
cjfa-45164	222	26	smtr	smtr	NOUN
cjfa-45164	222	27	)	)	PUNCT
cjfa-45164	222	28	.	.	PUNCT
cjfa-45164	223	1	table	table	NOUN
cjfa-45164	223	2	1	1	NUM
cjfa-45164	223	3	.	.	PUNCT
cjfa-45164	223	4	augmented	augment	VERB
cjfa-45164	223	5	dickey	dickey	PROPN
cjfa-45164	223	6	-	-	PUNCT
cjfa-45164	223	7	fuller	full	ADJ
cjfa-45164	223	8	unit	unit	NOUN
cjfa-45164	223	9	root	root	NOUN
cjfa-45164	223	10	test	test	NOUN
cjfa-45164	223	11	variables	variable	NOUN
cjfa-45164	223	12	adf	adf	PROPN
cjfa-45164	223	13	at	at	ADP
cjfa-45164	223	14	level	level	NOUN
cjfa-45164	223	15	adf	adf	NOUN
cjfa-45164	223	16	at	at	ADP
cjfa-45164	223	17	first	first	ADJ
cjfa-45164	223	18	difference	difference	NOUN
cjfa-45164	223	19	integration	integration	NOUN
cjfa-45164	223	20	order	order	NOUN
cjfa-45164	223	21	[	[	PUNCT
cjfa-45164	223	22	i(d	i(d	NOUN
cjfa-45164	223	23	)	)	PUNCT
cjfa-45164	223	24	]	]	PUNCT
cjfa-45164	224	1	smtr	smtr	NOUN
cjfa-45164	224	2	-2.6864	-2.6864	NOUN
cjfa-45164	225	1	i(0	i(0	PROPN
cjfa-45164	225	2	)	)	PUNCT
cjfa-45164	226	1	[	[	X
cjfa-45164	226	2	0.0846	0.0846	NUM
cjfa-45164	226	3	]	]	X
cjfa-45164	226	4	*	*	PUNCT
cjfa-45164	226	5	*	*	PUNCT
cjfa-45164	226	6	*	*	PROPN
cjfa-45164	226	7	crp-0.5982	crp-0.5982	PROPN
cjfa-45164	226	8	-6.4003	-6.4003	PROPN
cjfa-45164	226	9	i(1	i(1	PROPN
cjfa-45164	226	10	)	)	PUNCT
cjfa-45164	227	1	[	[	X
cjfa-45164	227	2	0.8604	0.8604	X
cjfa-45164	227	3	]	]	PUNCT
cjfa-45164	227	4	[	[	X
cjfa-45164	227	5	0.0000	0.0000	NUM
cjfa-45164	227	6	]	]	X
cjfa-45164	227	7	*	*	PUNCT
cjfa-45164	227	8	dpp	dpp	PROPN
cjfa-45164	227	9	-0.4843	-0.4843	PROPN
cjfa-45164	227	10	-2.9065	-2.9065	PROPN
cjfa-45164	227	11	i(1	i(1	PROPN
cjfa-45164	227	12	)	)	PUNCT
cjfa-45164	228	1	[	[	X
cjfa-45164	228	2	0.8844	0.8844	NUM
cjfa-45164	228	3	]	]	PUNCT
cjfa-45164	228	4	[	[	X
cjfa-45164	228	5	0.0537	0.0537	X
cjfa-45164	228	6	]	]	X
cjfa-45164	228	7	*	*	PUNCT
cjfa-45164	228	8	*	*	PUNCT
cjfa-45164	228	9	*	*	PUNCT
cjfa-45164	228	10	bkp	bkp	NOUN
cjfa-45164	228	11	0.1502	0.1502	NUM
cjfa-45164	228	12	-6.9414	-6.9414	ADJ
cjfa-45164	229	1	i(1	i(1	NOUN
cjfa-45164	229	2	)	)	PUNCT
cjfa-45164	230	1	[	[	X
cjfa-45164	230	2	0.9660	0.9660	NUM
cjfa-45164	230	3	]	]	PUNCT
cjfa-45164	231	1	[	[	X
cjfa-45164	231	2	0.0000	0.0000	NUM
cjfa-45164	231	3	]	]	X
cjfa-45164	231	4	*	*	PUNCT
cjfa-45164	231	5	s	s	PART
cjfa-45164	231	6	o	o	X
cjfa-45164	231	7	u	u	NOUN
cjfa-45164	231	8	r	r	NOUN
cjfa-45164	231	9	c	c	NOUN
cjfa-45164	231	10	e	e	NOUN
cjfa-45164	231	11	:	:	PUNCT
cjfa-45164	231	12	authors	author	NOUN
cjfa-45164	231	13	’	'	PUNCT
cjfa-45164	231	14	computation	computation	NOUN
cjfa-45164	231	15	,	,	PUNCT
cjfa-45164	231	16	2021	2021	NUM
cjfa-45164	231	17	.	.	PUNCT
cjfa-45164	232	1	probability	probability	NOUN
cjfa-45164	232	2	values	value	NOUN
cjfa-45164	232	3	in	in	ADP
cjfa-45164	232	4	[	[	PUNCT
cjfa-45164	232	5	]	]	X
cjfa-45164	232	6	;	;	PUNCT
cjfa-45164	232	7	*	*	PUNCT
cjfa-45164	232	8	,	,	PUNCT
cjfa-45164	232	9	*	*	PUNCT
cjfa-45164	232	10	*	*	PUNCT
cjfa-45164	232	11	and	and	CCONJ
cjfa-45164	232	12	*	*	PUNCT
cjfa-45164	232	13	*	*	PUNCT
cjfa-45164	232	14	*	*	PUNCT
cjfa-45164	232	15	denotes	denote	NOUN
cjfa-45164	232	16	stationary	stationary	VERB
cjfa-45164	232	17	at	at	ADP
cjfa-45164	232	18	1	1	NUM
cjfa-45164	232	19	%	%	NOUN
cjfa-45164	232	20	,	,	PUNCT
cjfa-45164	232	21	5	5	NUM
cjfa-45164	232	22	%	%	NOUN
cjfa-45164	232	23	and	and	CCONJ
cjfa-45164	232	24	10	10	NUM
cjfa-45164	232	25	%	%	NOUN
cjfa-45164	232	26	respectively	respectively	ADV
cjfa-45164	232	27	.	.	PUNCT
cjfa-45164	233	1	g.f	g.f	PROPN
cjfa-45164	233	2	.	.	PROPN
cjfa-45164	233	3	babarinde	babarinde	PROPN
cjfa-45164	233	4	,	,	PUNCT
cjfa-45164	233	5	b.a	b.a	PROPN
cjfa-45164	233	6	.	.	PROPN
cjfa-45164	233	7	daneji	daneji	PROPN
cjfa-45164	233	8	,	,	PUNCT
cjfa-45164	233	9	m.a	m.a	PROPN
cjfa-45164	233	10	.	.	PROPN
cjfa-45164	233	11	jalloh	jalloh	PROPN
cjfa-45164	233	12	,	,	PUNCT
cjfa-45164	233	13	t.i	t.i	PROPN
cjfa-45164	233	14	.	.	PROPN
cjfa-45164	233	15	abdulmajeed2020	abdulmajeed2020	PROPN
cjfa-45164	233	16	model	model	NOUN
cjfa-45164	233	17	estimationmodel	estimationmodel	PROPN
cjfa-45164	233	18	estimation	estimation	NOUN
cjfa-45164	233	19	in	in	ADP
cjfa-45164	233	20	applying	apply	VERB
cjfa-45164	233	21	the	the	DET
cjfa-45164	233	22	vector	vector	NOUN
cjfa-45164	233	23	autoregression	autoregression	NOUN
cjfa-45164	233	24	to	to	ADP
cjfa-45164	233	25	the	the	DET
cjfa-45164	233	26	analysis	analysis	NOUN
cjfa-45164	233	27	of	of	ADP
cjfa-45164	233	28	the	the	DET
cjfa-45164	233	29	nexus	nexus	NOUN
cjfa-45164	233	30	between	between	ADP
cjfa-45164	233	31	financial	financial	ADJ
cjfa-45164	233	32	inclusion	inclusion	NOUN
cjfa-45164	233	33	and	and	CCONJ
cjfa-45164	233	34	liquidity	liquidity	NOUN
cjfa-45164	233	35	of	of	ADP
cjfa-45164	233	36	the	the	DET
cjfa-45164	233	37	nigerian	nigerian	ADJ
cjfa-45164	233	38	capital	capital	NOUN
cjfa-45164	233	39	market	market	NOUN
cjfa-45164	233	40	in	in	ADP
cjfa-45164	233	41	this	this	DET
cjfa-45164	233	42	study	study	NOUN
cjfa-45164	233	43	,	,	PUNCT
cjfa-45164	233	44	the	the	DET
cjfa-45164	233	45	stationary	stationary	ADJ
cjfa-45164	233	46	form	form	NOUN
cjfa-45164	233	47	of	of	ADP
cjfa-45164	233	48	the	the	DET
cjfa-45164	233	49	financial	financial	ADJ
cjfa-45164	233	50	inclusion	inclusion	NOUN
cjfa-45164	233	51	variables	variable	NOUN
cjfa-45164	233	52	,	,	PUNCT
cjfa-45164	233	53	deposit	deposit	NOUN
cjfa-45164	233	54	penetration	penetration	NOUN
cjfa-45164	233	55	(	(	PUNCT
cjfa-45164	233	56	dpp	dpp	NOUN
cjfa-45164	233	57	)	)	PUNCT
cjfa-45164	233	58	,	,	PUNCT
cjfa-45164	233	59	credit	credit	NOUN
cjfa-45164	233	60	penetration	penetration	NOUN
cjfa-45164	233	61	(	(	PUNCT
cjfa-45164	233	62	crp	crp	NOUN
cjfa-45164	233	63	)	)	PUNCT
cjfa-45164	233	64	and	and	CCONJ
cjfa-45164	233	65	bank	bank	NOUN
cjfa-45164	233	66	penetration	penetration	NOUN
cjfa-45164	233	67	(	(	PUNCT
cjfa-45164	233	68	bkp	bkp	PROPN
cjfa-45164	233	69	)	)	PUNCT
cjfa-45164	233	70	,	,	PUNCT
cjfa-45164	233	71	which	which	PRON
cjfa-45164	233	72	are	be	AUX
cjfa-45164	233	73	not	not	PART
cjfa-45164	233	74	stationary	stationary	ADJ
cjfa-45164	233	75	in	in	ADP
cjfa-45164	233	76	level	level	NOUN
cjfa-45164	233	77	in	in	ADP
cjfa-45164	233	78	addition	addition	NOUN
cjfa-45164	233	79	to	to	ADP
cjfa-45164	233	80	the	the	DET
cjfa-45164	233	81	stationary	stationary	ADJ
cjfa-45164	233	82	variable	variable	NOUN
cjfa-45164	233	83	(	(	PUNCT
cjfa-45164	233	84	stock	stock	NOUN
cjfa-45164	233	85	market	market	NOUN
cjfa-45164	233	86	turnover	turnover	NOUN
cjfa-45164	233	87	ratio	ratio	NOUN
cjfa-45164	233	88	(	(	PUNCT
cjfa-45164	233	89	smtr	smtr	NOUN
cjfa-45164	233	90	)	)	PUNCT
cjfa-45164	233	91	)	)	PUNCT
cjfa-45164	233	92	are	be	AUX
cjfa-45164	233	93	employed	employ	VERB
cjfa-45164	233	94	in	in	ADP
cjfa-45164	233	95	var	var	NOUN
cjfa-45164	233	96	modelling	modelling	NOUN
cjfa-45164	233	97	in	in	ADP
cjfa-45164	233	98	line	line	NOUN
cjfa-45164	233	99	with	with	ADP
cjfa-45164	233	100	the	the	DET
cjfa-45164	233	101	suggestion	suggestion	NOUN
cjfa-45164	233	102	of	of	ADP
cjfa-45164	233	103	garcıaascanio	garcıaascanio	NOUN
cjfa-45164	233	104	and	and	CCONJ
cjfa-45164	233	105	mate	mate	NOUN
cjfa-45164	233	106	(	(	PUNCT
cjfa-45164	233	107	2010	2010	NUM
cjfa-45164	233	108	)	)	PUNCT
cjfa-45164	233	109	.	.	PUNCT
cjfa-45164	234	1	vector	vector	NOUN
cjfa-45164	234	2	autoregression	autoregression	NOUN
cjfa-45164	234	3	estimation	estimation	NOUN
cjfa-45164	234	4	for	for	ADP
cjfa-45164	234	5	smtrvector	smtrvector	NOUN
cjfa-45164	234	6	autoregression	autoregression	NOUN
cjfa-45164	234	7	estimation	estimation	NOUN
cjfa-45164	234	8	for	for	ADP
cjfa-45164	234	9	smtr	smtr	NOUN
cjfa-45164	234	10	the	the	DET
cjfa-45164	234	11	results	result	NOUN
cjfa-45164	234	12	of	of	ADP
cjfa-45164	234	13	the	the	DET
cjfa-45164	234	14	vector	vector	NOUN
cjfa-45164	234	15	autoregression	autoregression	NOUN
cjfa-45164	234	16	estimation	estimation	NOUN
cjfa-45164	234	17	are	be	AUX
cjfa-45164	234	18	shown	show	VERB
cjfa-45164	234	19	in	in	ADP
cjfa-45164	234	20	table	table	NOUN
cjfa-45164	234	21	2	2	NUM
cjfa-45164	234	22	.	.	PUNCT
cjfa-45164	235	1	the	the	DET
cjfa-45164	235	2	column	column	NOUN
cjfa-45164	235	3	i	i	PRON
cjfa-45164	235	4	of	of	ADP
cjfa-45164	235	5	the	the	DET
cjfa-45164	235	6	table	table	NOUN
cjfa-45164	235	7	reveals	reveal	VERB
cjfa-45164	235	8	the	the	DET
cjfa-45164	235	9	lagged	lag	VERB
cjfa-45164	235	10	value	value	NOUN
cjfa-45164	235	11	of	of	ADP
cjfa-45164	235	12	stock	stock	NOUN
cjfa-45164	235	13	market	market	NOUN
cjfa-45164	235	14	turnover	turnover	NOUN
cjfa-45164	235	15	ratio	ratio	NOUN
cjfa-45164	235	16	is	be	AUX
cjfa-45164	235	17	positively	positively	ADV
cjfa-45164	235	18	signed	sign	VERB
cjfa-45164	235	19	(	(	PUNCT
cjfa-45164	235	20	0.7705	0.7705	NUM
cjfa-45164	235	21	)	)	PUNCT
cjfa-45164	235	22	and	and	CCONJ
cjfa-45164	235	23	significantly	significantly	ADV
cjfa-45164	235	24	(	(	PUNCT
cjfa-45164	235	25	0.0000	0.0000	NUM
cjfa-45164	235	26	)	)	PUNCT
cjfa-45164	235	27	related	relate	VERB
cjfa-45164	235	28	to	to	ADP
cjfa-45164	235	29	stock	stock	NOUN
cjfa-45164	235	30	market	market	NOUN
cjfa-45164	235	31	turnover	turnover	NOUN
cjfa-45164	235	32	ratio	ratio	NOUN
cjfa-45164	235	33	in	in	ADP
cjfa-45164	235	34	its	its	PRON
cjfa-45164	235	35	level	level	NOUN
cjfa-45164	235	36	.	.	PUNCT
cjfa-45164	236	1	this	this	PRON
cjfa-45164	236	2	implies	imply	VERB
cjfa-45164	236	3	the	the	DET
cjfa-45164	236	4	regressive	regressive	ADJ
cjfa-45164	236	5	nature	nature	NOUN
cjfa-45164	236	6	of	of	ADP
cjfa-45164	236	7	the	the	DET
cjfa-45164	236	8	stock	stock	NOUN
cjfa-45164	236	9	market	market	NOUN
cjfa-45164	236	10	turnover	turnover	NOUN
cjfa-45164	236	11	ratio	ratio	NOUN
cjfa-45164	236	12	in	in	ADP
cjfa-45164	236	13	nigeria	nigeria	PROPN
cjfa-45164	236	14	,	,	PUNCT
cjfa-45164	236	15	as	as	ADP
cjfa-45164	236	16	a	a	DET
cjfa-45164	236	17	measure	measure	NOUN
cjfa-45164	236	18	of	of	ADP
cjfa-45164	236	19	stock	stock	NOUN
cjfa-45164	236	20	market	market	NOUN
cjfa-45164	236	21	liquidity	liquidity	NOUN
cjfa-45164	236	22	in	in	ADP
cjfa-45164	236	23	nigeria	nigeria	PROPN
cjfa-45164	236	24	indicates	indicate	VERB
cjfa-45164	236	25	deposit	deposit	NOUN
cjfa-45164	236	26	penetration	penetration	NOUN
cjfa-45164	236	27	,	,	PUNCT
cjfa-45164	236	28	bank	bank	NOUN
cjfa-45164	236	29	penetration	penetration	NOUN
cjfa-45164	236	30	and	and	CCONJ
cjfa-45164	236	31	credit	credit	NOUN
cjfa-45164	236	32	penetration	penetration	NOUN
cjfa-45164	236	33	to	to	PART
cjfa-45164	236	34	be	be	AUX
cjfa-45164	236	35	positively	positively	ADV
cjfa-45164	236	36	related	relate	VERB
cjfa-45164	236	37	to	to	ADP
cjfa-45164	236	38	stock	stock	NOUN
cjfa-45164	236	39	market	market	NOUN
cjfa-45164	236	40	turnover	turnover	NOUN
cjfa-45164	236	41	ratio	ratio	NOUN
cjfa-45164	236	42	.	.	PUNCT
cjfa-45164	237	1	however	however	ADV
cjfa-45164	237	2	,	,	PUNCT
cjfa-45164	237	3	none	none	NOUN
cjfa-45164	237	4	of	of	ADP
cjfa-45164	237	5	the	the	DET
cjfa-45164	237	6	coefficient	coefficient	NOUN
cjfa-45164	237	7	is	be	AUX
cjfa-45164	237	8	significant	significant	ADJ
cjfa-45164	237	9	.	.	PUNCT
cjfa-45164	238	1	this	this	PRON
cjfa-45164	238	2	implies	imply	VERB
cjfa-45164	238	3	that	that	SCONJ
cjfa-45164	238	4	financial	financial	ADJ
cjfa-45164	238	5	inclusion	inclusion	NOUN
cjfa-45164	238	6	indicators	indicator	NOUN
cjfa-45164	238	7	of	of	ADP
cjfa-45164	238	8	deposit	deposit	NOUN
cjfa-45164	238	9	penetration	penetration	NOUN
cjfa-45164	238	10	,	,	PUNCT
cjfa-45164	238	11	bank	bank	NOUN
cjfa-45164	238	12	penetration	penetration	NOUN
cjfa-45164	238	13	and	and	CCONJ
cjfa-45164	238	14	credit	credit	NOUN
cjfa-45164	238	15	penetration	penetration	NOUN
cjfa-45164	238	16	have	have	VERB
cjfa-45164	238	17	positive	positive	ADJ
cjfa-45164	238	18	but	but	CCONJ
cjfa-45164	238	19	nonsignificant	nonsignificant	ADJ
cjfa-45164	238	20	implications	implication	NOUN
cjfa-45164	238	21	on	on	ADP
cjfa-45164	238	22	liquidity	liquidity	NOUN
cjfa-45164	238	23	of	of	ADP
cjfa-45164	238	24	the	the	DET
cjfa-45164	238	25	nigerian	nigerian	ADJ
cjfa-45164	238	26	capital	capital	NOUN
cjfa-45164	238	27	market	market	NOUN
cjfa-45164	238	28	,	,	PUNCT
cjfa-45164	238	29	measured	measure	VERB
cjfa-45164	238	30	as	as	ADP
cjfa-45164	238	31	stock	stock	NOUN
cjfa-45164	238	32	market	market	NOUN
cjfa-45164	238	33	turnover	turnover	NOUN
cjfa-45164	238	34	ratio	ratio	NOUN
cjfa-45164	238	35	.	.	PUNCT
cjfa-45164	239	1	table	table	NOUN
cjfa-45164	239	2	2	2	NUM
cjfa-45164	239	3	.	.	X
cjfa-45164	239	4	vector	vector	NOUN
cjfa-45164	239	5	autoregression	autoregression	NOUN
cjfa-45164	239	6	(	(	PUNCT
cjfa-45164	239	7	var	var	NOUN
cjfa-45164	239	8	)	)	PUNCT
cjfa-45164	239	9	estimates	estimate	VERB
cjfa-45164	239	10	i	i	PRON
cjfa-45164	239	11	smtr	smtr	VERB
cjfa-45164	239	12	ii	ii	PROPN
cjfa-45164	239	13	d(dpp	d(dpp	PROPN
cjfa-45164	239	14	)	)	PUNCT
cjfa-45164	239	15	iii	iii	PROPN
cjfa-45164	239	16	d(bkp	d(bkp	PROPN
cjfa-45164	239	17	)	)	PUNCT
cjfa-45164	239	18	iv	iv	NUM
cjfa-45164	239	19	d(crp	d(crp	PROPN
cjfa-45164	239	20	)	)	PUNCT
cjfa-45164	239	21	smtr(-1	smtr(-1	VERB
cjfa-45164	239	22	)	)	PUNCT
cjfa-45164	239	23	0.7705	0.7705	NUM
cjfa-45164	239	24	0.0217	0.0217	NUM
cjfa-45164	239	25	0.0021	0.0021	NUM
cjfa-45164	239	26	0.0449	0.0449	NUM
cjfa-45164	240	1	[	[	X
cjfa-45164	240	2	0.0000	0.0000	NUM
cjfa-45164	240	3	]	]	X
cjfa-45164	240	4	*	*	PUNCT
cjfa-45164	241	1	[	[	X
cjfa-45164	241	2	0.9651	0.9651	NUM
cjfa-45164	241	3	]	]	PUNCT
cjfa-45164	241	4	[	[	X
cjfa-45164	241	5	0.2224	0.2224	NUM
cjfa-45164	241	6	]	]	PUNCT
cjfa-45164	242	1	[	[	X
cjfa-45164	242	2	0.0189	0.0189	NUM
cjfa-45164	242	3	]	]	PUNCT
cjfa-45164	243	1	*	*	PUNCT
cjfa-45164	243	2	*	*	PUNCT
cjfa-45164	243	3	d(dpp(-1	d(dpp(-1	NUM
cjfa-45164	243	4	)	)	PUNCT
cjfa-45164	243	5	)	)	PUNCT
cjfa-45164	244	1	0.0020	0.0020	NUM
cjfa-45164	244	2	-0.1266	-0.1266	NOUN
cjfa-45164	244	3	0.0004	0.0004	NUM
cjfa-45164	244	4	0.0026	0.0026	NUM
cjfa-45164	245	1	[	[	X
cjfa-45164	245	2	0.9422	0.9422	NUM
cjfa-45164	245	3	]	]	PUNCT
cjfa-45164	246	1	[	[	X
cjfa-45164	246	2	0.4831	0.4831	X
cjfa-45164	246	3	]	]	PUNCT
cjfa-45164	247	1	[	[	X
cjfa-45164	247	2	0.5219	0.5219	NUM
cjfa-45164	247	3	]	]	PUNCT
cjfa-45164	248	1	[	[	X
cjfa-45164	248	2	0.6994	0.6994	NUM
cjfa-45164	248	3	]	]	PUNCT
cjfa-45164	248	4	d(bkp(-1	d(bkp(-1	NUM
cjfa-45164	248	5	)	)	PUNCT
cjfa-45164	248	6	)	)	PUNCT
cjfa-45164	249	1	3.3012	3.3012	NUM
cjfa-45164	249	2	18.1912	18.1912	NUM
cjfa-45164	249	3	-0.0955	-0.0955	NOUN
cjfa-45164	249	4	-1.0973	-1.0973	PUNCT
cjfa-45164	250	1	[	[	X
cjfa-45164	250	2	0.6772	0.6772	NUM
cjfa-45164	250	3	]	]	X
cjfa-45164	251	1	[	[	X
cjfa-45164	251	2	0.7138	0.7138	X
cjfa-45164	251	3	]	]	X
cjfa-45164	252	1	[	[	X
cjfa-45164	252	2	0.5938	0.5938	X
cjfa-45164	252	3	]	]	X
cjfa-45164	252	4	[	[	X
cjfa-45164	252	5	0.5632	0.5632	X
cjfa-45164	252	6	]	]	X
cjfa-45164	252	7	financial	financial	ADJ
cjfa-45164	252	8	inclusion	inclusion	NOUN
cjfa-45164	252	9	implications	implication	NOUN
cjfa-45164	252	10	on	on	ADP
cjfa-45164	252	11	the	the	DET
cjfa-45164	252	12	liquidity	liquidity	NOUN
cjfa-45164	252	13	…	…	PUNCT
cjfa-45164	252	14	2121	2121	NUM
cjfa-45164	252	15	i	i	PRON
cjfa-45164	252	16	smtr	smtr	VERB
cjfa-45164	252	17	ii	ii	PROPN
cjfa-45164	252	18	d(dpp	d(dpp	PROPN
cjfa-45164	252	19	)	)	PUNCT
cjfa-45164	252	20	iii	iii	PROPN
cjfa-45164	252	21	d(bkp	d(bkp	PROPN
cjfa-45164	252	22	)	)	PUNCT
cjfa-45164	252	23	iv	iv	NUM
cjfa-45164	252	24	d(crp	d(crp	PROPN
cjfa-45164	252	25	)	)	PUNCT
cjfa-45164	252	26	d(crp(-1	d(crp(-1	PROPN
cjfa-45164	252	27	)	)	PUNCT
cjfa-45164	252	28	)	)	PUNCT
cjfa-45164	253	1	0.1032	0.1032	NUM
cjfa-45164	253	2	0.4901	0.4901	NUM
cjfa-45164	253	3	-0.0027	-0.0027	VERB
cjfa-45164	253	4	-0.0324	-0.0324	VERB
cjfa-45164	254	1	[	[	X
cjfa-45164	254	2	0.8738	0.8738	NOUN
cjfa-45164	254	3	]	]	PUNCT
cjfa-45164	255	1	[	[	X
cjfa-45164	255	2	0.9041	0.9041	X
cjfa-45164	255	3	]	]	PUNCT
cjfa-45164	256	1	[	[	X
cjfa-45164	256	2	0.8533	0.8533	X
cjfa-45164	256	3	]	]	PUNCT
cjfa-45164	257	1	[	[	X
cjfa-45164	257	2	0.8350	0.8350	X
cjfa-45164	257	3	]	]	PUNCT
cjfa-45164	257	4	c	c	PROPN
cjfa-45164	257	5	1.5482	1.5482	NUM
cjfa-45164	257	6	4.7730	4.7730	NUM
cjfa-45164	257	7	-0.0318	-0.0318	NOUN
cjfa-45164	257	8	-0.4232	-0.4232	PUNCT
cjfa-45164	258	1	[	[	X
cjfa-45164	258	2	0.0313	0.0313	NUM
cjfa-45164	258	3	]	]	PUNCT
cjfa-45164	259	1	*	*	PUNCT
cjfa-45164	259	2	*	*	PUNCT
cjfa-45164	260	1	[	[	X
cjfa-45164	260	2	0.2859	0.2859	NUM
cjfa-45164	260	3	]	]	PUNCT
cjfa-45164	260	4	[	[	X
cjfa-45164	260	5	0.0500	0.0500	NUM
cjfa-45164	260	6	]	]	PUNCT
cjfa-45164	261	1	*	*	PUNCT
cjfa-45164	261	2	*	*	PUNCT
cjfa-45164	262	1	[	[	X
cjfa-45164	262	2	0.0142	0.0142	NUM
cjfa-45164	262	3	]	]	PUNCT
cjfa-45164	263	1	*	*	PUNCT
cjfa-45164	263	2	*	*	PUNCT
cjfa-45164	263	3	r	r	X
cjfa-45164	263	4	-	-	PUNCT
cjfa-45164	263	5	squared	square	VERB
cjfa-45164	263	6	0.7394	0.7394	NUM
cjfa-45164	263	7	0.0293	0.0293	NUM
cjfa-45164	263	8	0.0554	0.0554	NUM
cjfa-45164	263	9	0.1341	0.1341	NUM
cjfa-45164	263	10	adj	adj	X
cjfa-45164	263	11	.	.	PUNCT
cjfa-45164	263	12	r	r	X
cjfa-45164	263	13	-	-	PUNCT
cjfa-45164	263	14	squared	square	VERB
cjfa-45164	263	15	0.7112	0.7112	NUM
cjfa-45164	263	16	-0.0755	-0.0755	NOUN
cjfa-45164	263	17	-0.0466	-0.0466	PUNCT
cjfa-45164	264	1	0.0405	0.0405	NUM
cjfa-45164	264	2	s	s	PART
cjfa-45164	264	3	o	o	NOUN
cjfa-45164	264	4	u	u	NOUN
cjfa-45164	264	5	r	r	NOUN
cjfa-45164	264	6	c	c	NOUN
cjfa-45164	264	7	e	e	NOUN
cjfa-45164	264	8	:	:	PUNCT
cjfa-45164	264	9	authors	author	NOUN
cjfa-45164	264	10	’	'	PUNCT
cjfa-45164	264	11	computation	computation	NOUN
cjfa-45164	264	12	,	,	PUNCT
cjfa-45164	264	13	2021	2021	NUM
cjfa-45164	264	14	.	.	PUNCT
cjfa-45164	265	1	note	note	NOUN
cjfa-45164	265	2	:	:	PUNCT
cjfa-45164	266	1	*	*	PUNCT
cjfa-45164	266	2	and	and	CCONJ
cjfa-45164	266	3	*	*	PUNCT
cjfa-45164	266	4	*	*	PUNCT
cjfa-45164	266	5	denote	denote	VERB
cjfa-45164	266	6	significant	significant	ADJ
cjfa-45164	266	7	at	at	ADP
cjfa-45164	266	8	1	1	NUM
cjfa-45164	266	9	%	%	NOUN
cjfa-45164	266	10	and	and	CCONJ
cjfa-45164	266	11	5	5	NUM
cjfa-45164	266	12	%	%	NOUN
cjfa-45164	266	13	respectively	respectively	ADV
cjfa-45164	266	14	;	;	PUNCT
cjfa-45164	266	15	probability	probability	NOUN
cjfa-45164	266	16	values	value	NOUN
cjfa-45164	266	17	in	in	ADP
cjfa-45164	266	18	[	[	PUNCT
cjfa-45164	266	19	]	]	X
cjfa-45164	266	20	.	.	PUNCT
cjfa-45164	266	21	variance	variance	NOUN
cjfa-45164	266	22	decomposition	decomposition	NOUN
cjfa-45164	266	23	and	and	CCONJ
cjfa-45164	266	24	impulse	impulse	ADJ
cjfa-45164	266	25	response	response	NOUN
cjfa-45164	266	26	analysisvariance	analysisvariance	ADP
cjfa-45164	266	27	decomposition	decomposition	NOUN
cjfa-45164	266	28	and	and	CCONJ
cjfa-45164	266	29	impulse	impulse	ADJ
cjfa-45164	266	30	response	response	NOUN
cjfa-45164	266	31	analysis	analysis	NOUN
cjfa-45164	266	32	the	the	DET
cjfa-45164	266	33	results	result	NOUN
cjfa-45164	266	34	of	of	ADP
cjfa-45164	266	35	the	the	DET
cjfa-45164	266	36	variance	variance	NOUN
cjfa-45164	266	37	decomposition	decomposition	NOUN
cjfa-45164	266	38	(	(	PUNCT
cjfa-45164	266	39	vdc	vdc	NOUN
cjfa-45164	266	40	)	)	PUNCT
cjfa-45164	266	41	and	and	CCONJ
cjfa-45164	266	42	impulse	impulse	ADJ
cjfa-45164	266	43	response	response	NOUN
cjfa-45164	266	44	analysis	analysis	NOUN
cjfa-45164	266	45	are	be	AUX
cjfa-45164	266	46	presented	present	VERB
cjfa-45164	266	47	in	in	ADP
cjfa-45164	266	48	table	table	NOUN
cjfa-45164	266	49	3	3	NUM
cjfa-45164	266	50	and	and	CCONJ
cjfa-45164	266	51	fig	fig	NOUN
cjfa-45164	266	52	.	.	PUNCT
cjfa-45164	267	1	1	1	NUM
cjfa-45164	267	2	,	,	PUNCT
cjfa-45164	267	3	respectively	respectively	ADV
cjfa-45164	267	4	.	.	PUNCT
cjfa-45164	268	1	the	the	DET
cjfa-45164	268	2	vdc	vdc	PROPN
cjfa-45164	268	3	of	of	ADP
cjfa-45164	268	4	stock	stock	NOUN
cjfa-45164	268	5	market	market	NOUN
cjfa-45164	268	6	turnover	turnover	NOUN
cjfa-45164	268	7	ratio	ratio	NOUN
cjfa-45164	268	8	reveals	reveal	VERB
cjfa-45164	268	9	that	that	SCONJ
cjfa-45164	268	10	in	in	ADP
cjfa-45164	268	11	period	period	NOUN
cjfa-45164	268	12	1	1	NUM
cjfa-45164	268	13	,	,	PUNCT
cjfa-45164	268	14	stock	stock	NOUN
cjfa-45164	268	15	market	market	NOUN
cjfa-45164	268	16	turnover	turnover	NOUN
cjfa-45164	268	17	ratio	ratio	NOUN
cjfa-45164	268	18	accounts	account	VERB
cjfa-45164	268	19	for	for	ADP
cjfa-45164	268	20	100	100	NUM
cjfa-45164	268	21	per	per	ADP
cjfa-45164	268	22	cent	cent	NOUN
cjfa-45164	268	23	of	of	ADP
cjfa-45164	268	24	the	the	DET
cjfa-45164	268	25	variation	variation	NOUN
cjfa-45164	268	26	in	in	ADP
cjfa-45164	268	27	itself	itself	PRON
cjfa-45164	268	28	,	,	PUNCT
cjfa-45164	268	29	with	with	ADP
cjfa-45164	268	30	no	no	DET
cjfa-45164	268	31	contributions	contribution	NOUN
cjfa-45164	268	32	to	to	ADP
cjfa-45164	268	33	its	its	PRON
cjfa-45164	268	34	variation	variation	NOUN
cjfa-45164	268	35	from	from	ADP
cjfa-45164	268	36	the	the	DET
cjfa-45164	268	37	financial	financial	ADJ
cjfa-45164	268	38	inclusion	inclusion	NOUN
cjfa-45164	268	39	indicators	indicator	NOUN
cjfa-45164	268	40	of	of	ADP
cjfa-45164	268	41	deposit	deposit	NOUN
cjfa-45164	268	42	penetration	penetration	NOUN
cjfa-45164	268	43	,	,	PUNCT
cjfa-45164	268	44	bank	bank	NOUN
cjfa-45164	268	45	penetration	penetration	NOUN
cjfa-45164	268	46	and	and	CCONJ
cjfa-45164	268	47	credit	credit	NOUN
cjfa-45164	268	48	penetration	penetration	NOUN
cjfa-45164	268	49	.	.	PUNCT
cjfa-45164	269	1	in	in	ADP
cjfa-45164	269	2	period	period	NOUN
cjfa-45164	269	3	two	two	NUM
cjfa-45164	269	4	,	,	PUNCT
cjfa-45164	269	5	99.7	99.7	NUM
cjfa-45164	269	6	per	per	ADP
cjfa-45164	269	7	cent	cent	NOUN
cjfa-45164	269	8	of	of	ADP
cjfa-45164	269	9	the	the	DET
cjfa-45164	269	10	variation	variation	NOUN
cjfa-45164	269	11	in	in	ADP
cjfa-45164	269	12	the	the	DET
cjfa-45164	269	13	stock	stock	NOUN
cjfa-45164	269	14	market	market	NOUN
cjfa-45164	269	15	turnover	turnover	NOUN
cjfa-45164	269	16	ratio	ratio	NOUN
cjfa-45164	269	17	is	be	AUX
cjfa-45164	269	18	due	due	ADJ
cjfa-45164	269	19	to	to	ADP
cjfa-45164	269	20	changes	change	NOUN
cjfa-45164	269	21	in	in	ADP
cjfa-45164	269	22	itself	itself	PRON
cjfa-45164	269	23	while	while	SCONJ
cjfa-45164	269	24	the	the	DET
cjfa-45164	269	25	0.03	0.03	NUM
cjfa-45164	269	26	per	per	ADP
cjfa-45164	269	27	cent	cent	NOUN
cjfa-45164	269	28	,	,	PUNCT
cjfa-45164	269	29	0.27	0.27	NUM
cjfa-45164	269	30	per	per	ADP
cjfa-45164	269	31	cent	cent	NOUN
cjfa-45164	269	32	and	and	CCONJ
cjfa-45164	269	33	0.02	0.02	NUM
cjfa-45164	269	34	per	per	ADP
cjfa-45164	269	35	cent	cent	NOUN
cjfa-45164	269	36	variation	variation	NOUN
cjfa-45164	269	37	in	in	ADP
cjfa-45164	269	38	stock	stock	NOUN
cjfa-45164	269	39	market	market	NOUN
cjfa-45164	269	40	turnover	turnover	NOUN
cjfa-45164	269	41	ratio	ratio	NOUN
cjfa-45164	269	42	is	be	AUX
cjfa-45164	269	43	due	due	ADJ
cjfa-45164	269	44	to	to	ADP
cjfa-45164	269	45	changes	change	NOUN
cjfa-45164	269	46	in	in	ADP
cjfa-45164	269	47	deposit	deposit	NOUN
cjfa-45164	269	48	penetration	penetration	NOUN
cjfa-45164	269	49	,	,	PUNCT
cjfa-45164	269	50	bank	bank	NOUN
cjfa-45164	269	51	penetration	penetration	NOUN
cjfa-45164	269	52	and	and	CCONJ
cjfa-45164	269	53	credit	credit	NOUN
cjfa-45164	269	54	penetration	penetration	NOUN
cjfa-45164	269	55	,	,	PUNCT
cjfa-45164	269	56	respectively	respectively	ADV
cjfa-45164	269	57	.	.	PUNCT
cjfa-45164	270	1	similarly	similarly	ADV
cjfa-45164	270	2	,	,	PUNCT
cjfa-45164	270	3	in	in	ADP
cjfa-45164	270	4	the	the	DET
cjfa-45164	270	5	ninth	ninth	ADJ
cjfa-45164	270	6	period	period	NOUN
cjfa-45164	270	7	,	,	PUNCT
cjfa-45164	270	8	99.56	99.56	NUM
cjfa-45164	270	9	per	per	ADP
cjfa-45164	270	10	cent	cent	NOUN
cjfa-45164	270	11	variation	variation	NOUN
cjfa-45164	270	12	in	in	ADP
cjfa-45164	270	13	stock	stock	NOUN
cjfa-45164	270	14	market	market	NOUN
cjfa-45164	270	15	turnover	turnover	NOUN
cjfa-45164	270	16	ratio	ratio	NOUN
cjfa-45164	270	17	is	be	AUX
cjfa-45164	270	18	due	due	ADJ
cjfa-45164	270	19	to	to	PART
cjfa-45164	270	20	own	own	ADJ
cjfa-45164	270	21	changes	change	NOUN
cjfa-45164	270	22	while	while	SCONJ
cjfa-45164	270	23	deposit	deposit	NOUN
cjfa-45164	270	24	penetration	penetration	NOUN
cjfa-45164	270	25	,	,	PUNCT
cjfa-45164	270	26	bank	bank	NOUN
cjfa-45164	270	27	penetration	penetration	NOUN
cjfa-45164	270	28	and	and	CCONJ
cjfa-45164	270	29	credit	credit	NOUN
cjfa-45164	270	30	penetration	penetration	NOUN
cjfa-45164	270	31	contributes	contribute	VERB
cjfa-45164	270	32	about	about	ADP
cjfa-45164	270	33	0.02	0.02	NUM
cjfa-45164	270	34	,	,	PUNCT
cjfa-45164	270	35	0.36	0.36	NUM
cjfa-45164	270	36	and	and	CCONJ
cjfa-45164	270	37	0.03	0.03	NUM
cjfa-45164	270	38	per	per	ADP
cjfa-45164	270	39	cent	cent	NOUN
cjfa-45164	270	40	,	,	PUNCT
cjfa-45164	270	41	respectively	respectively	ADV
cjfa-45164	270	42	to	to	ADP
cjfa-45164	270	43	the	the	DET
cjfa-45164	270	44	variation	variation	NOUN
cjfa-45164	270	45	in	in	ADP
cjfa-45164	270	46	stock	stock	NOUN
cjfa-45164	270	47	market	market	NOUN
cjfa-45164	270	48	turnover	turnover	NOUN
cjfa-45164	270	49	ratio	ratio	NOUN
cjfa-45164	270	50	in	in	ADP
cjfa-45164	270	51	nigeria	nigeria	PROPN
cjfa-45164	270	52	.	.	PUNCT
cjfa-45164	271	1	in	in	ADP
cjfa-45164	271	2	the	the	DET
cjfa-45164	271	3	same	same	ADJ
cjfa-45164	271	4	vein	vein	NOUN
cjfa-45164	271	5	,	,	PUNCT
cjfa-45164	271	6	in	in	ADP
cjfa-45164	271	7	the	the	DET
cjfa-45164	271	8	tenth	tenth	ADJ
cjfa-45164	271	9	period	period	NOUN
cjfa-45164	271	10	,	,	PUNCT
cjfa-45164	271	11	stock	stock	NOUN
cjfa-45164	271	12	market	market	NOUN
cjfa-45164	271	13	turnover	turnover	NOUN
cjfa-45164	271	14	ratio	ratio	NOUN
cjfa-45164	271	15	accounts	account	VERB
cjfa-45164	271	16	99.56	99.56	NUM
cjfa-45164	271	17	per	per	ADP
cjfa-45164	271	18	cent	cent	NOUN
cjfa-45164	271	19	for	for	ADP
cjfa-45164	271	20	own	own	ADJ
cjfa-45164	271	21	variation	variation	NOUN
cjfa-45164	271	22	while	while	SCONJ
cjfa-45164	271	23	other	other	ADJ
cjfa-45164	271	24	variables	variable	NOUN
cjfa-45164	271	25	,	,	PUNCT
cjfa-45164	271	26	deposit	deposit	NOUN
cjfa-45164	271	27	penetration	penetration	NOUN
cjfa-45164	271	28	,	,	PUNCT
cjfa-45164	271	29	bank	bank	NOUN
cjfa-45164	271	30	penetration	penetration	NOUN
cjfa-45164	271	31	and	and	CCONJ
cjfa-45164	271	32	credit	credit	NOUN
cjfa-45164	271	33	penetration	penetration	NOUN
cjfa-45164	271	34	has	have	VERB
cjfa-45164	271	35	0.02	0.02	NUM
cjfa-45164	271	36	,	,	PUNCT
cjfa-45164	271	37	0.36	0.36	NUM
cjfa-45164	271	38	,	,	PUNCT
cjfa-45164	271	39	and	and	CCONJ
cjfa-45164	271	40	0.03	0.03	NUM
cjfa-45164	271	41	per	per	ADP
cjfa-45164	271	42	cent	cent	NOUN
cjfa-45164	271	43	,	,	PUNCT
cjfa-45164	271	44	respectively	respectively	ADV
cjfa-45164	271	45	to	to	ADP
cjfa-45164	271	46	variation	variation	NOUN
cjfa-45164	271	47	in	in	ADP
cjfa-45164	271	48	stock	stock	NOUN
cjfa-45164	271	49	market	market	NOUN
cjfa-45164	271	50	turnover	turnover	NOUN
cjfa-45164	271	51	ratio	ratio	NOUN
cjfa-45164	271	52	in	in	ADP
cjfa-45164	271	53	nigeria	nigeria	PROPN
cjfa-45164	271	54	.	.	PUNCT
cjfa-45164	272	1	table	table	NOUN
cjfa-45164	272	2	2	2	NUM
cjfa-45164	272	3	.	.	PUNCT
cjfa-45164	272	4	vector	vector	NOUN
cjfa-45164	272	5	autoregression	autoregression	PROPN
cjfa-45164	272	6	…	…	PUNCT
cjfa-45164	272	7	g.f	g.f	PROPN
cjfa-45164	272	8	.	.	PROPN
cjfa-45164	272	9	babarinde	babarinde	PROPN
cjfa-45164	272	10	,	,	PUNCT
cjfa-45164	272	11	b.a	b.a	PROPN
cjfa-45164	272	12	.	.	PROPN
cjfa-45164	272	13	daneji	daneji	PROPN
cjfa-45164	272	14	,	,	PUNCT
cjfa-45164	272	15	m.a	m.a	PROPN
cjfa-45164	272	16	.	.	PROPN
cjfa-45164	272	17	jalloh	jalloh	PROPN
cjfa-45164	272	18	,	,	PUNCT
cjfa-45164	272	19	t.i	t.i	PROPN
cjfa-45164	272	20	.	.	NOUN
cjfa-45164	272	21	abdulmajeed2222	abdulmajeed2222	PROPN
cjfa-45164	272	22	table	table	NOUN
cjfa-45164	272	23	3	3	NUM
cjfa-45164	272	24	.	.	PUNCT
cjfa-45164	272	25	variance	variance	NOUN
cjfa-45164	272	26	decomposition	decomposition	NOUN
cjfa-45164	272	27	output	output	NOUN
cjfa-45164	272	28	period	period	NOUN
cjfa-45164	272	29	s.e	s.e	PROPN
cjfa-45164	272	30	.	.	PROPN
cjfa-45164	272	31	smtr	smtr	PROPN
cjfa-45164	272	32	d(dpp	d(dpp	PROPN
cjfa-45164	272	33	)	)	PUNCT
cjfa-45164	272	34	d(bkp	d(bkp	PROPN
cjfa-45164	272	35	)	)	PUNCT
cjfa-45164	272	36	d(crp	d(crp	PROPN
cjfa-45164	272	37	)	)	PUNCT
cjfa-45164	272	38	1	1	NUM
cjfa-45164	272	39	1.7613	1.7613	NUM
cjfa-45164	272	40	100.0000	100.0000	NUM
cjfa-45164	272	41	0.0000	0.0000	NUM
cjfa-45164	272	42	0.0000	0.0000	NUM
cjfa-45164	272	43	0.0000	0.0000	NUM
cjfa-45164	272	44	2	2	NUM
cjfa-45164	272	45	2.2300	2.2300	NUM
cjfa-45164	272	46	99.6690	99.6690	NUM
cjfa-45164	272	47	0.0309	0.0309	NUM
cjfa-45164	272	48	0.2735	0.2735	NUM
cjfa-45164	273	1	0.0265	0.0265	NUM
cjfa-45164	273	2	3	3	NUM
cjfa-45164	273	3	2.4713	2.4713	NUM
cjfa-45164	273	4	99.6249	99.6249	NUM
cjfa-45164	273	5	0.0265	0.0265	NUM
cjfa-45164	273	6	0.3173	0.3173	NUM
cjfa-45164	274	1	0.0310	0.0310	NUM
cjfa-45164	274	2	4	4	NUM
cjfa-45164	274	3	2.6092	2.6092	NUM
cjfa-45164	274	4	99.5978	99.5978	NUM
cjfa-45164	274	5	0.0262	0.0262	NUM
cjfa-45164	274	6	0.3423	0.3423	NUM
cjfa-45164	274	7	0.0335	0.0335	NUM
cjfa-45164	274	8	5	5	NUM
cjfa-45164	274	9	2.6903	2.6903	NUM
cjfa-45164	274	10	99.5850	99.5850	NUM
cjfa-45164	274	11	0.0257	0.0257	NUM
cjfa-45164	274	12	0.3544	0.3544	NUM
cjfa-45164	274	13	0.0347	0.0347	NUM
cjfa-45164	274	14	6	6	NUM
cjfa-45164	274	15	2.7391	2.7391	NUM
cjfa-45164	274	16	99.5777	99.5777	NUM
cjfa-45164	274	17	0.0254	0.0254	NUM
cjfa-45164	274	18	0.3613	0.3613	NUM
cjfa-45164	274	19	0.0354	0.0354	NUM
cjfa-45164	274	20	7	7	NUM
cjfa-45164	274	21	2.7686	2.7686	NUM
cjfa-45164	274	22	99.5734	99.5734	NUM
cjfa-45164	274	23	0.0253	0.0253	NUM
cjfa-45164	274	24	0.3653	0.3653	NUM
cjfa-45164	274	25	0.0358	0.0358	NUM
cjfa-45164	274	26	8	8	NUM
cjfa-45164	274	27	2.7866	2.7866	NUM
cjfa-45164	274	28	99.5709	99.5709	NUM
cjfa-45164	275	1	0.0252	0.0252	NUM
cjfa-45164	275	2	0.3676	0.3676	NUM
cjfa-45164	275	3	0.0361	0.0361	NUM
cjfa-45164	275	4	9	9	NUM
cjfa-45164	275	5	2.7976	2.7976	NUM
cjfa-45164	275	6	99.5694	99.5694	NUM
cjfa-45164	275	7	0.0252	0.0252	NUM
cjfa-45164	275	8	0.3690	0.3690	NUM
cjfa-45164	275	9	0.0362	0.0362	NUM
cjfa-45164	275	10	10	10	NUM
cjfa-45164	275	11	2.8043	2.8043	NUM
cjfa-45164	275	12	99.5685	99.5685	NUM
cjfa-45164	275	13	0.0251	0.0251	NUM
cjfa-45164	275	14	0.3699	0.3699	NUM
cjfa-45164	275	15	0.0363	0.0363	NUM
cjfa-45164	275	16	s	s	NOUN
cjfa-45164	275	17	o	o	X
cjfa-45164	275	18	u	u	NOUN
cjfa-45164	275	19	r	r	NOUN
cjfa-45164	275	20	c	c	NOUN
cjfa-45164	275	21	e	e	NOUN
cjfa-45164	275	22	:	:	PUNCT
cjfa-45164	275	23	authors	author	NOUN
cjfa-45164	275	24	’	'	PUNCT
cjfa-45164	275	25	computation	computation	NOUN
cjfa-45164	275	26	,	,	PUNCT
cjfa-45164	275	27	2021	2021	NUM
cjfa-45164	275	28	.	.	PUNCT
cjfa-45164	276	1	the	the	DET
cjfa-45164	276	2	impulse	impulse	ADJ
cjfa-45164	276	3	response	response	NOUN
cjfa-45164	276	4	functions	function	NOUN
cjfa-45164	276	5	(	(	PUNCT
cjfa-45164	276	6	irfs	irf	NOUN
cjfa-45164	276	7	)	)	PUNCT
cjfa-45164	276	8	of	of	ADP
cjfa-45164	276	9	the	the	DET
cjfa-45164	276	10	stock	stock	NOUN
cjfa-45164	276	11	market	market	NOUN
cjfa-45164	276	12	turnover	turnover	NOUN
cjfa-45164	276	13	ratio	ratio	NOUN
cjfa-45164	276	14	as	as	SCONJ
cjfa-45164	276	15	shown	show	VERB
cjfa-45164	276	16	in	in	ADP
cjfa-45164	276	17	figure	figure	NOUN
cjfa-45164	276	18	1	1	NUM
cjfa-45164	276	19	reveals	reveal	VERB
cjfa-45164	276	20	that	that	SCONJ
cjfa-45164	276	21	stock	stock	NOUN
cjfa-45164	276	22	market	market	NOUN
cjfa-45164	276	23	turnover	turnover	NOUN
cjfa-45164	276	24	ratio	ratio	NOUN
cjfa-45164	276	25	(	(	PUNCT
cjfa-45164	276	26	smtr	smtr	NOUN
cjfa-45164	276	27	)	)	PUNCT
cjfa-45164	276	28	responds	respond	VERB
cjfa-45164	276	29	positively	positively	ADV
cjfa-45164	276	30	to	to	PART
cjfa-45164	276	31	own	own	ADJ
cjfa-45164	276	32	shocks	shock	NOUN
cjfa-45164	276	33	as	as	ADV
cjfa-45164	276	34	well	well	ADV
cjfa-45164	276	35	as	as	ADP
cjfa-45164	276	36	shocks	shock	NOUN
cjfa-45164	276	37	/	/	SYM
cjfa-45164	276	38	innovations	innovation	NOUN
cjfa-45164	276	39	in	in	ADP
cjfa-45164	276	40	the	the	DET
cjfa-45164	276	41	three	three	NUM
cjfa-45164	276	42	indicators	indicator	NOUN
cjfa-45164	276	43	of	of	ADP
cjfa-45164	276	44	financial	financial	ADJ
cjfa-45164	276	45	inclusions	inclusion	NOUN
cjfa-45164	276	46	,	,	PUNCT
cjfa-45164	276	47	namely	namely	ADV
cjfa-45164	276	48	,	,	PUNCT
cjfa-45164	276	49	deposit	deposit	NOUN
cjfa-45164	276	50	penetration	penetration	NOUN
cjfa-45164	276	51	,	,	PUNCT
cjfa-45164	276	52	bank	bank	NOUN
cjfa-45164	276	53	penetration	penetration	NOUN
cjfa-45164	276	54	and	and	CCONJ
cjfa-45164	276	55	credit	credit	NOUN
cjfa-45164	276	56	penetration	penetration	NOUN
cjfa-45164	276	57	.	.	PUNCT
cjfa-45164	277	1	financial	financial	ADJ
cjfa-45164	277	2	inclusion	inclusion	NOUN
cjfa-45164	277	3	implications	implication	NOUN
cjfa-45164	277	4	on	on	ADP
cjfa-45164	277	5	the	the	DET
cjfa-45164	277	6	liquidity	liquidity	NOUN
cjfa-45164	277	7	…	…	PUNCT
cjfa-45164	277	8	2323	2323	NUM
cjfa-45164	277	9	figure	figure	NOUN
cjfa-45164	277	10	1	1	NUM
cjfa-45164	277	11	.	.	PUNCT
cjfa-45164	277	12	impulse	impulse	ADJ
cjfa-45164	277	13	response	response	NOUN
cjfa-45164	277	14	functions	function	NOUN
cjfa-45164	277	15	variation	variation	NOUN
cjfa-45164	277	16	while	while	SCONJ
cjfa-45164	277	17	other	other	ADJ
cjfa-45164	277	18	variables	variable	NOUN
cjfa-45164	277	19	,	,	PUNCT
cjfa-45164	277	20	deposit	deposit	NOUN
cjfa-45164	277	21	penetration	penetration	NOUN
cjfa-45164	277	22	,	,	PUNCT
cjfa-45164	277	23	bank	bank	NOUN
cjfa-45164	277	24	penetration	penetration	NOUN
cjfa-45164	277	25	and	and	CCONJ
cjfa-45164	277	26	credit	credit	NOUN
cjfa-45164	277	27	penetration	penetration	NOUN
cjfa-45164	277	28	has	have	VERB
cjfa-45164	277	29	0.02	0.02	NUM
cjfa-45164	277	30	,	,	PUNCT
cjfa-45164	277	31	0.36	0.36	NUM
cjfa-45164	277	32	,	,	PUNCT
cjfa-45164	277	33	and	and	CCONJ
cjfa-45164	277	34	0.03	0.03	NUM
cjfa-45164	277	35	per	per	ADP
cjfa-45164	277	36	cent	cent	NOUN
cjfa-45164	277	37	respectively	respectively	ADV
cjfa-45164	277	38	to	to	ADP
cjfa-45164	277	39	variation	variation	NOUN
cjfa-45164	277	40	in	in	ADP
cjfa-45164	277	41	stock	stock	NOUN
cjfa-45164	277	42	market	market	NOUN
cjfa-45164	277	43	turnover	turnover	NOUN
cjfa-45164	277	44	ratio	ratio	NOUN
cjfa-45164	277	45	in	in	ADP
cjfa-45164	277	46	nigeria	nigeria	PROPN
cjfa-45164	277	47	.	.	PUNCT
cjfa-45164	278	1	table	table	NOUN
cjfa-45164	278	2	3	3	NUM
cjfa-45164	278	3	.	.	X
cjfa-45164	278	4	variance	variance	NOUN
cjfa-45164	278	5	decomposition	decomposition	NOUN
cjfa-45164	278	6	output	output	NOUN
cjfa-45164	278	7	period	period	NOUN
cjfa-45164	278	8	s.e	s.e	PROPN
cjfa-45164	278	9	.	.	PROPN
cjfa-45164	278	10	smtr	smtr	PROPN
cjfa-45164	278	11	d(dpp	d(dpp	PROPN
cjfa-45164	278	12	)	)	PUNCT
cjfa-45164	278	13	d(bkp	d(bkp	PROPN
cjfa-45164	278	14	)	)	PUNCT
cjfa-45164	278	15	d(crp	d(crp	PROPN
cjfa-45164	278	16	)	)	PUNCT
cjfa-45164	278	17	1	1	NUM
cjfa-45164	278	18	1.7613	1.7613	NUM
cjfa-45164	278	19	100.0000	100.0000	NUM
cjfa-45164	278	20	0.0000	0.0000	NUM
cjfa-45164	278	21	0.0000	0.0000	NUM
cjfa-45164	278	22	0.0000	0.0000	NUM
cjfa-45164	278	23	2	2	NUM
cjfa-45164	278	24	2.2300	2.2300	NUM
cjfa-45164	278	25	99.6690	99.6690	NUM
cjfa-45164	278	26	0.0309	0.0309	NUM
cjfa-45164	278	27	0.2735	0.2735	NUM
cjfa-45164	279	1	0.0265	0.0265	NUM
cjfa-45164	279	2	3	3	NUM
cjfa-45164	279	3	2.4713	2.4713	NUM
cjfa-45164	279	4	99.6249	99.6249	NUM
cjfa-45164	279	5	0.0265	0.0265	NUM
cjfa-45164	279	6	0.3173	0.3173	NUM
cjfa-45164	280	1	0.0310	0.0310	NUM
cjfa-45164	280	2	4	4	NUM
cjfa-45164	280	3	2.6092	2.6092	NUM
cjfa-45164	280	4	99.5978	99.5978	NUM
cjfa-45164	280	5	0.0262	0.0262	NUM
cjfa-45164	280	6	0.3423	0.3423	NUM
cjfa-45164	280	7	0.0335	0.0335	NUM
cjfa-45164	280	8	5	5	NUM
cjfa-45164	280	9	2.6903	2.6903	NUM
cjfa-45164	280	10	99.5850	99.5850	NUM
cjfa-45164	280	11	0.0257	0.0257	NUM
cjfa-45164	280	12	0.3544	0.3544	NUM
cjfa-45164	280	13	0.0347	0.0347	NUM
cjfa-45164	280	14	6	6	NUM
cjfa-45164	280	15	2.7391	2.7391	NUM
cjfa-45164	280	16	99.5777	99.5777	NUM
cjfa-45164	280	17	0.0254	0.0254	NUM
cjfa-45164	280	18	0.3613	0.3613	NUM
cjfa-45164	280	19	0.0354	0.0354	NUM
cjfa-45164	280	20	7	7	NUM
cjfa-45164	280	21	2.7686	2.7686	NUM
cjfa-45164	280	22	99.5734	99.5734	NUM
cjfa-45164	280	23	0.0253	0.0253	NUM
cjfa-45164	280	24	0.3653	0.3653	NUM
cjfa-45164	280	25	0.0358	0.0358	NUM
cjfa-45164	280	26	8	8	NUM
cjfa-45164	280	27	2.7866	2.7866	NUM
cjfa-45164	280	28	99.5709	99.5709	NUM
cjfa-45164	281	1	0.0252	0.0252	NUM
cjfa-45164	281	2	0.3676	0.3676	NUM
cjfa-45164	281	3	0.0361	0.0361	NUM
cjfa-45164	281	4	9	9	NUM
cjfa-45164	281	5	2.7976	2.7976	NUM
cjfa-45164	281	6	99.5694	99.5694	NUM
cjfa-45164	281	7	0.0252	0.0252	NUM
cjfa-45164	281	8	0.3690	0.3690	NUM
cjfa-45164	281	9	0.0362	0.0362	NUM
cjfa-45164	281	10	10	10	NUM
cjfa-45164	281	11	2.8043	2.8043	NUM
cjfa-45164	281	12	99.5685	99.5685	NUM
cjfa-45164	281	13	0.0251	0.0251	NUM
cjfa-45164	281	14	0.3699	0.3699	NUM
cjfa-45164	281	15	0.0363	0.0363	NUM
cjfa-45164	281	16	source	source	NOUN
cjfa-45164	281	17	:	:	PUNCT
cjfa-45164	281	18	authors	author	NOUN
cjfa-45164	281	19	’	'	PUNCT
cjfa-45164	281	20	computation	computation	NOUN
cjfa-45164	281	21	,	,	PUNCT
cjfa-45164	281	22	2021	2021	NUM
cjfa-45164	281	23	.	.	PUNCT
cjfa-45164	282	1	the	the	DET
cjfa-45164	282	2	impulse	impulse	ADJ
cjfa-45164	282	3	response	response	NOUN
cjfa-45164	282	4	functions	function	NOUN
cjfa-45164	282	5	(	(	PUNCT
cjfa-45164	282	6	irfs	irf	NOUN
cjfa-45164	282	7	)	)	PUNCT
cjfa-45164	282	8	of	of	ADP
cjfa-45164	282	9	the	the	DET
cjfa-45164	282	10	stock	stock	NOUN
cjfa-45164	282	11	market	market	NOUN
cjfa-45164	282	12	turnover	turnover	NOUN
cjfa-45164	282	13	ratio	ratio	NOUN
cjfa-45164	282	14	as	as	SCONJ
cjfa-45164	282	15	shown	show	VERB
cjfa-45164	282	16	in	in	ADP
cjfa-45164	282	17	fig.1	fig.1	PROPN
cjfa-45164	282	18	reveals	reveal	NOUN
cjfa-45164	282	19	that	that	SCONJ
cjfa-45164	282	20	stock	stock	NOUN
cjfa-45164	282	21	market	market	NOUN
cjfa-45164	282	22	turnover	turnover	NOUN
cjfa-45164	282	23	ratio	ratio	NOUN
cjfa-45164	282	24	(	(	PUNCT
cjfa-45164	282	25	smtr	smtr	NOUN
cjfa-45164	282	26	)	)	PUNCT
cjfa-45164	282	27	responds	respond	VERB
cjfa-45164	282	28	positively	positively	ADV
cjfa-45164	282	29	to	to	PART
cjfa-45164	282	30	own	own	ADJ
cjfa-45164	282	31	shocks	shock	NOUN
cjfa-45164	282	32	as	as	ADV
cjfa-45164	282	33	well	well	ADV
cjfa-45164	282	34	as	as	ADP
cjfa-45164	282	35	shocks	shock	NOUN
cjfa-45164	282	36	/	/	SYM
cjfa-45164	282	37	innovations	innovation	NOUN
cjfa-45164	282	38	in	in	ADP
cjfa-45164	282	39	the	the	DET
cjfa-45164	282	40	three	three	NUM
cjfa-45164	282	41	indicators	indicator	NOUN
cjfa-45164	282	42	of	of	ADP
cjfa-45164	282	43	financial	financial	ADJ
cjfa-45164	282	44	inclusions	inclusion	NOUN
cjfa-45164	282	45	,	,	PUNCT
cjfa-45164	282	46	namely	namely	ADV
cjfa-45164	282	47	,	,	PUNCT
cjfa-45164	282	48	deposit	deposit	NOUN
cjfa-45164	282	49	penetration	penetration	NOUN
cjfa-45164	282	50	,	,	PUNCT
cjfa-45164	282	51	bank	bank	NOUN
cjfa-45164	282	52	penetration	penetration	NOUN
cjfa-45164	282	53	and	and	CCONJ
cjfa-45164	282	54	credit	credit	NOUN
cjfa-45164	282	55	penetration	penetration	NOUN
cjfa-45164	282	56	.	.	PUNCT
cjfa-45164	283	1	fig.1	fig.1	ADJ
cjfa-45164	283	2	.	.	PUNCT
cjfa-45164	284	1	impulse	impulse	ADJ
cjfa-45164	284	2	response	response	NOUN
cjfa-45164	284	3	functions	function	NOUN
cjfa-45164	284	4	-0.5	-0.5	X
cjfa-45164	284	5	0.0	0.0	NUM
cjfa-45164	284	6	0.5	0.5	NUM
cjfa-45164	284	7	1.0	1.0	NUM
cjfa-45164	284	8	1.5	1.5	NUM
cjfa-45164	284	9	2.0	2.0	NUM
cjfa-45164	284	10	1	1	NUM
cjfa-45164	284	11	2	2	NUM
cjfa-45164	284	12	3	3	NUM
cjfa-45164	284	13	4	4	NUM
cjfa-45164	284	14	5	5	NUM
cjfa-45164	284	15	6	6	NUM
cjfa-45164	284	16	7	7	NUM
cjfa-45164	284	17	8	8	NUM
cjfa-45164	284	18	9	9	NUM
cjfa-45164	284	19	10	10	NUM
cjfa-45164	284	20	response	response	NOUN
cjfa-45164	284	21	of	of	ADP
cjfa-45164	284	22	smlr	smlr	NOUN
cjfa-45164	284	23	to	to	PART
cjfa-45164	284	24	smlr	smlr	VERB
cjfa-45164	284	25	-0.5	-0.5	PROPN
cjfa-45164	284	26	0.0	0.0	NUM
cjfa-45164	284	27	0.5	0.5	NUM
cjfa-45164	284	28	1.0	1.0	NUM
cjfa-45164	284	29	1.5	1.5	NUM
cjfa-45164	284	30	2.0	2.0	NUM
cjfa-45164	284	31	1	1	NUM
cjfa-45164	284	32	2	2	NUM
cjfa-45164	284	33	3	3	NUM
cjfa-45164	284	34	4	4	NUM
cjfa-45164	284	35	5	5	NUM
cjfa-45164	284	36	6	6	NUM
cjfa-45164	284	37	7	7	NUM
cjfa-45164	284	38	8	8	NUM
cjfa-45164	284	39	9	9	NUM
cjfa-45164	284	40	10	10	NUM
cjfa-45164	284	41	response	response	NOUN
cjfa-45164	284	42	of	of	ADP
cjfa-45164	284	43	smlr	smlr	NOUN
cjfa-45164	284	44	to	to	PART
cjfa-45164	284	45	d(depositp	d(depositp	VERB
cjfa-45164	284	46	)	)	PUNCT
cjfa-45164	284	47	-0.5	-0.5	X
cjfa-45164	284	48	0.0	0.0	NUM
cjfa-45164	284	49	0.5	0.5	NUM
cjfa-45164	284	50	1.0	1.0	NUM
cjfa-45164	284	51	1.5	1.5	NUM
cjfa-45164	284	52	2.0	2.0	NUM
cjfa-45164	284	53	1	1	NUM
cjfa-45164	284	54	2	2	NUM
cjfa-45164	284	55	3	3	NUM
cjfa-45164	284	56	4	4	NUM
cjfa-45164	284	57	5	5	NUM
cjfa-45164	284	58	6	6	NUM
cjfa-45164	284	59	7	7	NUM
cjfa-45164	284	60	8	8	NUM
cjfa-45164	284	61	9	9	NUM
cjfa-45164	284	62	10	10	NUM
cjfa-45164	284	63	response	response	NOUN
cjfa-45164	284	64	of	of	ADP
cjfa-45164	284	65	smlr	smlr	NOUN
cjfa-45164	284	66	to	to	PART
cjfa-45164	284	67	d(creditp	d(creditp	VERB
cjfa-45164	284	68	)	)	PUNCT
cjfa-45164	284	69	-0.5	-0.5	X
cjfa-45164	284	70	0.0	0.0	NUM
cjfa-45164	284	71	0.5	0.5	NUM
cjfa-45164	284	72	1.0	1.0	NUM
cjfa-45164	284	73	1.5	1.5	NUM
cjfa-45164	284	74	2.0	2.0	NUM
cjfa-45164	284	75	1	1	NUM
cjfa-45164	284	76	2	2	NUM
cjfa-45164	284	77	3	3	NUM
cjfa-45164	284	78	4	4	NUM
cjfa-45164	284	79	5	5	NUM
cjfa-45164	284	80	6	6	NUM
cjfa-45164	284	81	7	7	NUM
cjfa-45164	284	82	8	8	NUM
cjfa-45164	284	83	9	9	NUM
cjfa-45164	284	84	10	10	NUM
cjfa-45164	284	85	response	response	NOUN
cjfa-45164	284	86	of	of	ADP
cjfa-45164	284	87	smlr	smlr	NOUN
cjfa-45164	284	88	to	to	PART
cjfa-45164	284	89	d(bankp	d(bankp	VERB
cjfa-45164	284	90	)	)	PUNCT
cjfa-45164	284	91	response	response	NOUN
cjfa-45164	284	92	to	to	PART
cjfa-45164	284	93	cholesky	cholesky	VERB
cjfa-45164	284	94	one	one	NUM
cjfa-45164	284	95	s.d	s.d	PROPN
cjfa-45164	284	96	.	.	PUNCT
cjfa-45164	285	1	(	(	PUNCT
cjfa-45164	285	2	d.f	d.f	PROPN
cjfa-45164	285	3	.	.	PROPN
cjfa-45164	285	4	adjusted	adjust	VERB
cjfa-45164	285	5	)	)	PUNCT
cjfa-45164	285	6	innov	innov	PROPN
cjfa-45164	285	7	ations	ations	PROPN
cjfa-45164	285	8	±	±	PROPN
cjfa-45164	285	9	2	2	NUM
cjfa-45164	285	10	s.e	s.e	PROPN
cjfa-45164	285	11	.	.	PROPN
cjfa-45164	285	12	source	source	PROPN
cjfa-45164	285	13	:	:	PUNCT
cjfa-45164	285	14	author	author	NOUN
cjfa-45164	285	15	’s	’s	PART
cjfa-45164	285	16	computation	computation	NOUN
cjfa-45164	285	17	,	,	PUNCT
cjfa-45164	285	18	2021	2021	NUM
cjfa-45164	285	19	.	.	PUNCT
cjfa-45164	286	1	discussions	discussion	NOUN
cjfa-45164	286	2	of	of	ADP
cjfa-45164	286	3	findings	finding	NOUN
cjfa-45164	286	4	from	from	ADP
cjfa-45164	286	5	the	the	DET
cjfa-45164	286	6	vector	vector	NOUN
cjfa-45164	286	7	autoregression	autoregression	NOUN
cjfa-45164	286	8	estimation	estimation	NOUN
cjfa-45164	286	9	of	of	ADP
cjfa-45164	286	10	the	the	DET
cjfa-45164	286	11	impact	impact	NOUN
cjfa-45164	286	12	of	of	ADP
cjfa-45164	286	13	financial	financial	ADJ
cjfa-45164	286	14	inclusion	inclusion	NOUN
cjfa-45164	286	15	(	(	PUNCT
cjfa-45164	286	16	credit	credit	NOUN
cjfa-45164	286	17	penetration	penetration	NOUN
cjfa-45164	286	18	,	,	PUNCT
cjfa-45164	286	19	bank	bank	NOUN
cjfa-45164	286	20	penetration	penetration	NOUN
cjfa-45164	286	21	and	and	CCONJ
cjfa-45164	286	22	deposit	deposit	NOUN
cjfa-45164	286	23	penetration	penetration	NOUN
cjfa-45164	286	24	)	)	PUNCT
cjfa-45164	286	25	on	on	ADP
cjfa-45164	286	26	stock	stock	NOUN
cjfa-45164	286	27	market	market	NOUN
cjfa-45164	286	28	liquidity	liquidity	NOUN
cjfa-45164	286	29	in	in	ADP
cjfa-45164	286	30	nigeria	nigeria	PROPN
cjfa-45164	286	31	,	,	PUNCT
cjfa-45164	286	32	this	this	DET
cjfa-45164	286	33	study	study	NOUN
cjfa-45164	286	34	indicates	indicate	VERB
cjfa-45164	286	35	deposit	deposit	NOUN
cjfa-45164	286	36	penetration	penetration	NOUN
cjfa-45164	286	37	,	,	PUNCT
cjfa-45164	286	38	bank	bank	NOUN
cjfa-45164	286	39	penetration	penetration	NOUN
cjfa-45164	286	40	and	and	CCONJ
cjfa-45164	286	41	credit	credit	NOUN
cjfa-45164	286	42	penetration	penetration	NOUN
cjfa-45164	286	43	to	to	PART
cjfa-45164	286	44	be	be	AUX
cjfa-45164	286	45	positively	positively	ADV
cjfa-45164	286	46	related	relate	VERB
cjfa-45164	286	47	to	to	ADP
cjfa-45164	286	48	stock	stock	NOUN
cjfa-45164	286	49	market	market	NOUN
cjfa-45164	286	50	turnover	turnover	NOUN
cjfa-45164	286	51	ratio	ratio	NOUN
cjfa-45164	286	52	.	.	PUNCT
cjfa-45164	287	1	however	however	ADV
cjfa-45164	287	2	,	,	PUNCT
cjfa-45164	287	3	none	none	NOUN
cjfa-45164	287	4	of	of	ADP
cjfa-45164	287	5	the	the	DET
cjfa-45164	287	6	coefficient	coefficient	NOUN
cjfa-45164	287	7	is	be	AUX
cjfa-45164	287	8	variation	variation	NOUN
cjfa-45164	287	9	while	while	SCONJ
cjfa-45164	287	10	other	other	ADJ
cjfa-45164	287	11	variables	variable	NOUN
cjfa-45164	287	12	,	,	PUNCT
cjfa-45164	287	13	deposit	deposit	NOUN
cjfa-45164	287	14	penetration	penetration	NOUN
cjfa-45164	287	15	,	,	PUNCT
cjfa-45164	287	16	bank	bank	NOUN
cjfa-45164	287	17	penetration	penetration	NOUN
cjfa-45164	287	18	and	and	CCONJ
cjfa-45164	287	19	credit	credit	NOUN
cjfa-45164	287	20	penetration	penetration	NOUN
cjfa-45164	287	21	has	have	VERB
cjfa-45164	287	22	0.02	0.02	NUM
cjfa-45164	287	23	,	,	PUNCT
cjfa-45164	287	24	0.36	0.36	NUM
cjfa-45164	287	25	,	,	PUNCT
cjfa-45164	287	26	and	and	CCONJ
cjfa-45164	287	27	0.03	0.03	NUM
cjfa-45164	287	28	per	per	ADP
cjfa-45164	287	29	cent	cent	NOUN
cjfa-45164	287	30	respectively	respectively	ADV
cjfa-45164	287	31	to	to	ADP
cjfa-45164	287	32	variation	variation	NOUN
cjfa-45164	287	33	in	in	ADP
cjfa-45164	287	34	stock	stock	NOUN
cjfa-45164	287	35	market	market	NOUN
cjfa-45164	287	36	turnover	turnover	NOUN
cjfa-45164	287	37	ratio	ratio	NOUN
cjfa-45164	287	38	in	in	ADP
cjfa-45164	287	39	nigeria	nigeria	PROPN
cjfa-45164	287	40	.	.	PUNCT
cjfa-45164	288	1	table	table	NOUN
cjfa-45164	288	2	3	3	NUM
cjfa-45164	288	3	.	.	X
cjfa-45164	288	4	variance	variance	NOUN
cjfa-45164	288	5	decomposition	decomposition	NOUN
cjfa-45164	288	6	output	output	NOUN
cjfa-45164	288	7	period	period	NOUN
cjfa-45164	288	8	s.e	s.e	PROPN
cjfa-45164	288	9	.	.	PROPN
cjfa-45164	288	10	smtr	smtr	PROPN
cjfa-45164	288	11	d(dpp	d(dpp	PROPN
cjfa-45164	288	12	)	)	PUNCT
cjfa-45164	288	13	d(bkp	d(bkp	PROPN
cjfa-45164	288	14	)	)	PUNCT
cjfa-45164	288	15	d(crp	d(crp	PROPN
cjfa-45164	288	16	)	)	PUNCT
cjfa-45164	288	17	1	1	NUM
cjfa-45164	288	18	1.7613	1.7613	NUM
cjfa-45164	288	19	100.0000	100.0000	NUM
cjfa-45164	288	20	0.0000	0.0000	NUM
cjfa-45164	288	21	0.0000	0.0000	NUM
cjfa-45164	288	22	0.0000	0.0000	NUM
cjfa-45164	288	23	2	2	NUM
cjfa-45164	288	24	2.2300	2.2300	NUM
cjfa-45164	288	25	99.6690	99.6690	NUM
cjfa-45164	288	26	0.0309	0.0309	NUM
cjfa-45164	288	27	0.2735	0.2735	NUM
cjfa-45164	289	1	0.0265	0.0265	NUM
cjfa-45164	289	2	3	3	NUM
cjfa-45164	289	3	2.4713	2.4713	NUM
cjfa-45164	289	4	99.6249	99.6249	NUM
cjfa-45164	289	5	0.0265	0.0265	NUM
cjfa-45164	289	6	0.3173	0.3173	NUM
cjfa-45164	290	1	0.0310	0.0310	NUM
cjfa-45164	290	2	4	4	NUM
cjfa-45164	290	3	2.6092	2.6092	NUM
cjfa-45164	290	4	99.5978	99.5978	NUM
cjfa-45164	290	5	0.0262	0.0262	NUM
cjfa-45164	290	6	0.3423	0.3423	NUM
cjfa-45164	290	7	0.0335	0.0335	NUM
cjfa-45164	290	8	5	5	NUM
cjfa-45164	290	9	2.6903	2.6903	NUM
cjfa-45164	290	10	99.5850	99.5850	NUM
cjfa-45164	290	11	0.0257	0.0257	NUM
cjfa-45164	290	12	0.3544	0.3544	NUM
cjfa-45164	290	13	0.0347	0.0347	NUM
cjfa-45164	290	14	6	6	NUM
cjfa-45164	290	15	2.7391	2.7391	NUM
cjfa-45164	290	16	99.5777	99.5777	NUM
cjfa-45164	290	17	0.0254	0.0254	NUM
cjfa-45164	290	18	0.3613	0.3613	NUM
cjfa-45164	290	19	0.0354	0.0354	NUM
cjfa-45164	290	20	7	7	NUM
cjfa-45164	290	21	2.7686	2.7686	NUM
cjfa-45164	290	22	99.5734	99.5734	NUM
cjfa-45164	290	23	0.0253	0.0253	NUM
cjfa-45164	290	24	0.3653	0.3653	NUM
cjfa-45164	290	25	0.0358	0.0358	NUM
cjfa-45164	290	26	8	8	NUM
cjfa-45164	290	27	2.7866	2.7866	NUM
cjfa-45164	290	28	99.5709	99.5709	NUM
cjfa-45164	291	1	0.0252	0.0252	NUM
cjfa-45164	291	2	0.3676	0.3676	NUM
cjfa-45164	291	3	0.0361	0.0361	NUM
cjfa-45164	291	4	9	9	NUM
cjfa-45164	291	5	2.7976	2.7976	NUM
cjfa-45164	291	6	99.5694	99.5694	NUM
cjfa-45164	291	7	0.0252	0.0252	NUM
cjfa-45164	291	8	0.3690	0.3690	NUM
cjfa-45164	291	9	0.0362	0.0362	NUM
cjfa-45164	291	10	10	10	NUM
cjfa-45164	291	11	2.8043	2.8043	NUM
cjfa-45164	291	12	99.5685	99.5685	NUM
cjfa-45164	291	13	0.0251	0.0251	NUM
cjfa-45164	291	14	0.3699	0.3699	NUM
cjfa-45164	291	15	0.0363	0.0363	NUM
cjfa-45164	291	16	source	source	NOUN
cjfa-45164	291	17	:	:	PUNCT
cjfa-45164	291	18	authors	author	NOUN
cjfa-45164	291	19	’	'	PUNCT
cjfa-45164	291	20	computation	computation	NOUN
cjfa-45164	291	21	,	,	PUNCT
cjfa-45164	291	22	2021	2021	NUM
cjfa-45164	291	23	.	.	PUNCT
cjfa-45164	292	1	the	the	DET
cjfa-45164	292	2	impulse	impulse	ADJ
cjfa-45164	292	3	response	response	NOUN
cjfa-45164	292	4	functions	function	NOUN
cjfa-45164	292	5	(	(	PUNCT
cjfa-45164	292	6	irfs	irf	NOUN
cjfa-45164	292	7	)	)	PUNCT
cjfa-45164	292	8	of	of	ADP
cjfa-45164	292	9	the	the	DET
cjfa-45164	292	10	stock	stock	NOUN
cjfa-45164	292	11	market	market	NOUN
cjfa-45164	292	12	turnover	turnover	NOUN
cjfa-45164	292	13	ratio	ratio	NOUN
cjfa-45164	292	14	as	as	SCONJ
cjfa-45164	292	15	shown	show	VERB
cjfa-45164	292	16	in	in	ADP
cjfa-45164	292	17	fig.1	fig.1	PROPN
cjfa-45164	292	18	reveals	reveal	NOUN
cjfa-45164	292	19	that	that	SCONJ
cjfa-45164	292	20	stock	stock	NOUN
cjfa-45164	292	21	market	market	NOUN
cjfa-45164	292	22	turnover	turnover	NOUN
cjfa-45164	292	23	ratio	ratio	NOUN
cjfa-45164	292	24	(	(	PUNCT
cjfa-45164	292	25	smtr	smtr	NOUN
cjfa-45164	292	26	)	)	PUNCT
cjfa-45164	292	27	responds	respond	VERB
cjfa-45164	292	28	positively	positively	ADV
cjfa-45164	292	29	to	to	PART
cjfa-45164	292	30	own	own	ADJ
cjfa-45164	292	31	shocks	shock	NOUN
cjfa-45164	292	32	as	as	ADV
cjfa-45164	292	33	well	well	ADV
cjfa-45164	292	34	as	as	ADP
cjfa-45164	292	35	shocks	shock	NOUN
cjfa-45164	292	36	/	/	SYM
cjfa-45164	292	37	innovations	innovation	NOUN
cjfa-45164	292	38	in	in	ADP
cjfa-45164	292	39	the	the	DET
cjfa-45164	292	40	three	three	NUM
cjfa-45164	292	41	indicators	indicator	NOUN
cjfa-45164	292	42	of	of	ADP
cjfa-45164	292	43	financial	financial	ADJ
cjfa-45164	292	44	inclusions	inclusion	NOUN
cjfa-45164	292	45	,	,	PUNCT
cjfa-45164	292	46	namely	namely	ADV
cjfa-45164	292	47	,	,	PUNCT
cjfa-45164	292	48	deposit	deposit	NOUN
cjfa-45164	292	49	penetration	penetration	NOUN
cjfa-45164	292	50	,	,	PUNCT
cjfa-45164	292	51	bank	bank	NOUN
cjfa-45164	292	52	penetration	penetration	NOUN
cjfa-45164	292	53	and	and	CCONJ
cjfa-45164	292	54	credit	credit	NOUN
cjfa-45164	292	55	penetration	penetration	NOUN
cjfa-45164	292	56	.	.	PUNCT
cjfa-45164	293	1	fig.1	fig.1	ADJ
cjfa-45164	293	2	.	.	PUNCT
cjfa-45164	294	1	impulse	impulse	ADJ
cjfa-45164	294	2	response	response	NOUN
cjfa-45164	294	3	functions	function	NOUN
cjfa-45164	294	4	-0.5	-0.5	X
cjfa-45164	294	5	0.0	0.0	NUM
cjfa-45164	294	6	0.5	0.5	NUM
cjfa-45164	294	7	1.0	1.0	NUM
cjfa-45164	294	8	1.5	1.5	NUM
cjfa-45164	294	9	2.0	2.0	NUM
cjfa-45164	294	10	1	1	NUM
cjfa-45164	294	11	2	2	NUM
cjfa-45164	294	12	3	3	NUM
cjfa-45164	294	13	4	4	NUM
cjfa-45164	294	14	5	5	NUM
cjfa-45164	294	15	6	6	NUM
cjfa-45164	294	16	7	7	NUM
cjfa-45164	294	17	8	8	NUM
cjfa-45164	294	18	9	9	NUM
cjfa-45164	294	19	10	10	NUM
cjfa-45164	294	20	response	response	NOUN
cjfa-45164	294	21	of	of	ADP
cjfa-45164	294	22	smlr	smlr	NOUN
cjfa-45164	294	23	to	to	PART
cjfa-45164	294	24	smlr	smlr	VERB
cjfa-45164	294	25	-0.5	-0.5	PROPN
cjfa-45164	294	26	0.0	0.0	NUM
cjfa-45164	294	27	0.5	0.5	NUM
cjfa-45164	294	28	1.0	1.0	NUM
cjfa-45164	294	29	1.5	1.5	NUM
cjfa-45164	294	30	2.0	2.0	NUM
cjfa-45164	294	31	1	1	NUM
cjfa-45164	294	32	2	2	NUM
cjfa-45164	294	33	3	3	NUM
cjfa-45164	294	34	4	4	NUM
cjfa-45164	294	35	5	5	NUM
cjfa-45164	294	36	6	6	NUM
cjfa-45164	294	37	7	7	NUM
cjfa-45164	294	38	8	8	NUM
cjfa-45164	294	39	9	9	NUM
cjfa-45164	294	40	10	10	NUM
cjfa-45164	294	41	response	response	NOUN
cjfa-45164	294	42	of	of	ADP
cjfa-45164	294	43	smlr	smlr	NOUN
cjfa-45164	294	44	to	to	PART
cjfa-45164	294	45	d(depositp	d(depositp	VERB
cjfa-45164	294	46	)	)	PUNCT
cjfa-45164	294	47	-0.5	-0.5	X
cjfa-45164	294	48	0.0	0.0	NUM
cjfa-45164	294	49	0.5	0.5	NUM
cjfa-45164	294	50	1.0	1.0	NUM
cjfa-45164	294	51	1.5	1.5	NUM
cjfa-45164	294	52	2.0	2.0	NUM
cjfa-45164	294	53	1	1	NUM
cjfa-45164	294	54	2	2	NUM
cjfa-45164	294	55	3	3	NUM
cjfa-45164	294	56	4	4	NUM
cjfa-45164	294	57	5	5	NUM
cjfa-45164	294	58	6	6	NUM
cjfa-45164	294	59	7	7	NUM
cjfa-45164	294	60	8	8	NUM
cjfa-45164	294	61	9	9	NUM
cjfa-45164	294	62	10	10	NUM
cjfa-45164	294	63	response	response	NOUN
cjfa-45164	294	64	of	of	ADP
cjfa-45164	294	65	smlr	smlr	NOUN
cjfa-45164	294	66	to	to	PART
cjfa-45164	294	67	d(creditp	d(creditp	VERB
cjfa-45164	294	68	)	)	PUNCT
cjfa-45164	294	69	-0.5	-0.5	X
cjfa-45164	294	70	0.0	0.0	NUM
cjfa-45164	294	71	0.5	0.5	NUM
cjfa-45164	294	72	1.0	1.0	NUM
cjfa-45164	294	73	1.5	1.5	NUM
cjfa-45164	294	74	2.0	2.0	NUM
cjfa-45164	294	75	1	1	NUM
cjfa-45164	294	76	2	2	NUM
cjfa-45164	294	77	3	3	NUM
cjfa-45164	294	78	4	4	NUM
cjfa-45164	294	79	5	5	NUM
cjfa-45164	294	80	6	6	NUM
cjfa-45164	294	81	7	7	NUM
cjfa-45164	294	82	8	8	NUM
cjfa-45164	294	83	9	9	NUM
cjfa-45164	294	84	10	10	NUM
cjfa-45164	294	85	response	response	NOUN
cjfa-45164	294	86	of	of	ADP
cjfa-45164	294	87	smlr	smlr	NOUN
cjfa-45164	294	88	to	to	PART
cjfa-45164	294	89	d(bankp	d(bankp	VERB
cjfa-45164	294	90	)	)	PUNCT
cjfa-45164	294	91	response	response	NOUN
cjfa-45164	294	92	to	to	PART
cjfa-45164	294	93	cholesky	cholesky	VERB
cjfa-45164	294	94	one	one	NUM
cjfa-45164	294	95	s.d	s.d	PROPN
cjfa-45164	294	96	.	.	PUNCT
cjfa-45164	295	1	(	(	PUNCT
cjfa-45164	295	2	d.f	d.f	PROPN
cjfa-45164	295	3	.	.	PROPN
cjfa-45164	295	4	adjusted	adjust	VERB
cjfa-45164	295	5	)	)	PUNCT
cjfa-45164	295	6	innov	innov	PROPN
cjfa-45164	295	7	ations	ations	PROPN
cjfa-45164	295	8	±	±	PROPN
cjfa-45164	295	9	2	2	NUM
cjfa-45164	295	10	s.e	s.e	PROPN
cjfa-45164	295	11	.	.	PROPN
cjfa-45164	295	12	source	source	PROPN
cjfa-45164	295	13	:	:	PUNCT
cjfa-45164	295	14	author	author	NOUN
cjfa-45164	295	15	’s	’s	PART
cjfa-45164	295	16	computation	computation	NOUN
cjfa-45164	295	17	,	,	PUNCT
cjfa-45164	295	18	2021	2021	NUM
cjfa-45164	295	19	.	.	PUNCT
cjfa-45164	296	1	discussions	discussion	NOUN
cjfa-45164	296	2	of	of	ADP
cjfa-45164	296	3	findings	finding	NOUN
cjfa-45164	296	4	from	from	ADP
cjfa-45164	296	5	the	the	DET
cjfa-45164	296	6	vector	vector	NOUN
cjfa-45164	296	7	autoregression	autoregression	NOUN
cjfa-45164	296	8	estimation	estimation	NOUN
cjfa-45164	296	9	of	of	ADP
cjfa-45164	296	10	the	the	DET
cjfa-45164	296	11	impact	impact	NOUN
cjfa-45164	296	12	of	of	ADP
cjfa-45164	296	13	financial	financial	ADJ
cjfa-45164	296	14	inclusion	inclusion	NOUN
cjfa-45164	296	15	(	(	PUNCT
cjfa-45164	296	16	credit	credit	NOUN
cjfa-45164	296	17	penetration	penetration	NOUN
cjfa-45164	296	18	,	,	PUNCT
cjfa-45164	296	19	bank	bank	NOUN
cjfa-45164	296	20	penetration	penetration	NOUN
cjfa-45164	296	21	and	and	CCONJ
cjfa-45164	296	22	deposit	deposit	NOUN
cjfa-45164	296	23	penetration	penetration	NOUN
cjfa-45164	296	24	)	)	PUNCT
cjfa-45164	296	25	on	on	ADP
cjfa-45164	296	26	stock	stock	NOUN
cjfa-45164	296	27	market	market	NOUN
cjfa-45164	296	28	liquidity	liquidity	NOUN
cjfa-45164	296	29	in	in	ADP
cjfa-45164	296	30	nigeria	nigeria	PROPN
cjfa-45164	296	31	,	,	PUNCT
cjfa-45164	296	32	this	this	DET
cjfa-45164	296	33	study	study	NOUN
cjfa-45164	296	34	indicates	indicate	VERB
cjfa-45164	296	35	deposit	deposit	NOUN
cjfa-45164	296	36	penetration	penetration	NOUN
cjfa-45164	296	37	,	,	PUNCT
cjfa-45164	296	38	bank	bank	NOUN
cjfa-45164	296	39	penetration	penetration	NOUN
cjfa-45164	296	40	and	and	CCONJ
cjfa-45164	296	41	credit	credit	NOUN
cjfa-45164	296	42	penetration	penetration	NOUN
cjfa-45164	296	43	to	to	PART
cjfa-45164	296	44	be	be	AUX
cjfa-45164	296	45	positively	positively	ADV
cjfa-45164	296	46	related	relate	VERB
cjfa-45164	296	47	to	to	ADP
cjfa-45164	296	48	stock	stock	NOUN
cjfa-45164	296	49	market	market	NOUN
cjfa-45164	296	50	turnover	turnover	NOUN
cjfa-45164	296	51	ratio	ratio	NOUN
cjfa-45164	296	52	.	.	PUNCT
cjfa-45164	297	1	however	however	ADV
cjfa-45164	297	2	,	,	PUNCT
cjfa-45164	297	3	none	none	NOUN
cjfa-45164	297	4	of	of	ADP
cjfa-45164	297	5	the	the	DET
cjfa-45164	297	6	coefficient	coefficient	NOUN
cjfa-45164	297	7	is	be	AUX
cjfa-45164	297	8	variation	variation	NOUN
cjfa-45164	297	9	while	while	SCONJ
cjfa-45164	297	10	other	other	ADJ
cjfa-45164	297	11	variables	variable	NOUN
cjfa-45164	297	12	,	,	PUNCT
cjfa-45164	297	13	deposit	deposit	NOUN
cjfa-45164	297	14	penetration	penetration	NOUN
cjfa-45164	297	15	,	,	PUNCT
cjfa-45164	297	16	bank	bank	NOUN
cjfa-45164	297	17	penetration	penetration	NOUN
cjfa-45164	297	18	and	and	CCONJ
cjfa-45164	297	19	credit	credit	NOUN
cjfa-45164	297	20	penetration	penetration	NOUN
cjfa-45164	297	21	has	have	VERB
cjfa-45164	297	22	0.02	0.02	NUM
cjfa-45164	297	23	,	,	PUNCT
cjfa-45164	297	24	0.36	0.36	NUM
cjfa-45164	297	25	,	,	PUNCT
cjfa-45164	297	26	and	and	CCONJ
cjfa-45164	297	27	0.03	0.03	NUM
cjfa-45164	297	28	per	per	ADP
cjfa-45164	297	29	cent	cent	NOUN
cjfa-45164	297	30	respectively	respectively	ADV
cjfa-45164	297	31	to	to	ADP
cjfa-45164	297	32	variation	variation	NOUN
cjfa-45164	297	33	in	in	ADP
cjfa-45164	297	34	stock	stock	NOUN
cjfa-45164	297	35	market	market	NOUN
cjfa-45164	297	36	turnover	turnover	NOUN
cjfa-45164	297	37	ratio	ratio	NOUN
cjfa-45164	297	38	in	in	ADP
cjfa-45164	297	39	nigeria	nigeria	PROPN
cjfa-45164	297	40	.	.	PUNCT
cjfa-45164	298	1	table	table	NOUN
cjfa-45164	298	2	3	3	NUM
cjfa-45164	298	3	.	.	X
cjfa-45164	298	4	variance	variance	NOUN
cjfa-45164	298	5	decomposition	decomposition	NOUN
cjfa-45164	298	6	output	output	NOUN
cjfa-45164	298	7	period	period	NOUN
cjfa-45164	298	8	s.e	s.e	PROPN
cjfa-45164	298	9	.	.	PROPN
cjfa-45164	298	10	smtr	smtr	PROPN
cjfa-45164	298	11	d(dpp	d(dpp	PROPN
cjfa-45164	298	12	)	)	PUNCT
cjfa-45164	298	13	d(bkp	d(bkp	PROPN
cjfa-45164	298	14	)	)	PUNCT
cjfa-45164	298	15	d(crp	d(crp	PROPN
cjfa-45164	298	16	)	)	PUNCT
cjfa-45164	298	17	1	1	NUM
cjfa-45164	298	18	1.7613	1.7613	NUM
cjfa-45164	298	19	100.0000	100.0000	NUM
cjfa-45164	298	20	0.0000	0.0000	NUM
cjfa-45164	298	21	0.0000	0.0000	NUM
cjfa-45164	298	22	0.0000	0.0000	NUM
cjfa-45164	298	23	2	2	NUM
cjfa-45164	298	24	2.2300	2.2300	NUM
cjfa-45164	298	25	99.6690	99.6690	NUM
cjfa-45164	298	26	0.0309	0.0309	NUM
cjfa-45164	298	27	0.2735	0.2735	NUM
cjfa-45164	299	1	0.0265	0.0265	NUM
cjfa-45164	299	2	3	3	NUM
cjfa-45164	299	3	2.4713	2.4713	NUM
cjfa-45164	299	4	99.6249	99.6249	NUM
cjfa-45164	299	5	0.0265	0.0265	NUM
cjfa-45164	299	6	0.3173	0.3173	NUM
cjfa-45164	300	1	0.0310	0.0310	NUM
cjfa-45164	300	2	4	4	NUM
cjfa-45164	300	3	2.6092	2.6092	NUM
cjfa-45164	300	4	99.5978	99.5978	NUM
cjfa-45164	300	5	0.0262	0.0262	NUM
cjfa-45164	300	6	0.3423	0.3423	NUM
cjfa-45164	300	7	0.0335	0.0335	NUM
cjfa-45164	300	8	5	5	NUM
cjfa-45164	300	9	2.6903	2.6903	NUM
cjfa-45164	300	10	99.5850	99.5850	NUM
cjfa-45164	300	11	0.0257	0.0257	NUM
cjfa-45164	300	12	0.3544	0.3544	NUM
cjfa-45164	300	13	0.0347	0.0347	NUM
cjfa-45164	300	14	6	6	NUM
cjfa-45164	300	15	2.7391	2.7391	NUM
cjfa-45164	300	16	99.5777	99.5777	NUM
cjfa-45164	300	17	0.0254	0.0254	NUM
cjfa-45164	300	18	0.3613	0.3613	NUM
cjfa-45164	300	19	0.0354	0.0354	NUM
cjfa-45164	300	20	7	7	NUM
cjfa-45164	300	21	2.7686	2.7686	NUM
cjfa-45164	300	22	99.5734	99.5734	NUM
cjfa-45164	300	23	0.0253	0.0253	NUM
cjfa-45164	300	24	0.3653	0.3653	NUM
cjfa-45164	300	25	0.0358	0.0358	NUM
cjfa-45164	300	26	8	8	NUM
cjfa-45164	300	27	2.7866	2.7866	NUM
cjfa-45164	300	28	99.5709	99.5709	NUM
cjfa-45164	301	1	0.0252	0.0252	NUM
cjfa-45164	301	2	0.3676	0.3676	NUM
cjfa-45164	301	3	0.0361	0.0361	NUM
cjfa-45164	301	4	9	9	NUM
cjfa-45164	301	5	2.7976	2.7976	NUM
cjfa-45164	301	6	99.5694	99.5694	NUM
cjfa-45164	301	7	0.0252	0.0252	NUM
cjfa-45164	301	8	0.3690	0.3690	NUM
cjfa-45164	301	9	0.0362	0.0362	NUM
cjfa-45164	301	10	10	10	NUM
cjfa-45164	301	11	2.8043	2.8043	NUM
cjfa-45164	301	12	99.5685	99.5685	NUM
cjfa-45164	301	13	0.0251	0.0251	NUM
cjfa-45164	301	14	0.3699	0.3699	NUM
cjfa-45164	301	15	0.0363	0.0363	NUM
cjfa-45164	301	16	source	source	NOUN
cjfa-45164	301	17	:	:	PUNCT
cjfa-45164	301	18	authors	author	NOUN
cjfa-45164	301	19	’	'	PUNCT
cjfa-45164	301	20	computation	computation	NOUN
cjfa-45164	301	21	,	,	PUNCT
cjfa-45164	301	22	2021	2021	NUM
cjfa-45164	301	23	.	.	PUNCT
cjfa-45164	302	1	the	the	DET
cjfa-45164	302	2	impulse	impulse	ADJ
cjfa-45164	302	3	response	response	NOUN
cjfa-45164	302	4	functions	function	NOUN
cjfa-45164	302	5	(	(	PUNCT
cjfa-45164	302	6	irfs	irf	NOUN
cjfa-45164	302	7	)	)	PUNCT
cjfa-45164	302	8	of	of	ADP
cjfa-45164	302	9	the	the	DET
cjfa-45164	302	10	stock	stock	NOUN
cjfa-45164	302	11	market	market	NOUN
cjfa-45164	302	12	turnover	turnover	NOUN
cjfa-45164	302	13	ratio	ratio	NOUN
cjfa-45164	302	14	as	as	SCONJ
cjfa-45164	302	15	shown	show	VERB
cjfa-45164	302	16	in	in	ADP
cjfa-45164	302	17	fig.1	fig.1	PROPN
cjfa-45164	302	18	reveals	reveal	NOUN
cjfa-45164	302	19	that	that	SCONJ
cjfa-45164	302	20	stock	stock	NOUN
cjfa-45164	302	21	market	market	NOUN
cjfa-45164	302	22	turnover	turnover	NOUN
cjfa-45164	302	23	ratio	ratio	NOUN
cjfa-45164	302	24	(	(	PUNCT
cjfa-45164	302	25	smtr	smtr	NOUN
cjfa-45164	302	26	)	)	PUNCT
cjfa-45164	302	27	responds	respond	VERB
cjfa-45164	302	28	positively	positively	ADV
cjfa-45164	302	29	to	to	PART
cjfa-45164	302	30	own	own	ADJ
cjfa-45164	302	31	shocks	shock	NOUN
cjfa-45164	302	32	as	as	ADV
cjfa-45164	302	33	well	well	ADV
cjfa-45164	302	34	as	as	ADP
cjfa-45164	302	35	shocks	shock	NOUN
cjfa-45164	302	36	/	/	SYM
cjfa-45164	302	37	innovations	innovation	NOUN
cjfa-45164	302	38	in	in	ADP
cjfa-45164	302	39	the	the	DET
cjfa-45164	302	40	three	three	NUM
cjfa-45164	302	41	indicators	indicator	NOUN
cjfa-45164	302	42	of	of	ADP
cjfa-45164	302	43	financial	financial	ADJ
cjfa-45164	302	44	inclusions	inclusion	NOUN
cjfa-45164	302	45	,	,	PUNCT
cjfa-45164	302	46	namely	namely	ADV
cjfa-45164	302	47	,	,	PUNCT
cjfa-45164	302	48	deposit	deposit	NOUN
cjfa-45164	302	49	penetration	penetration	NOUN
cjfa-45164	302	50	,	,	PUNCT
cjfa-45164	302	51	bank	bank	NOUN
cjfa-45164	302	52	penetration	penetration	NOUN
cjfa-45164	302	53	and	and	CCONJ
cjfa-45164	302	54	credit	credit	NOUN
cjfa-45164	302	55	penetration	penetration	NOUN
cjfa-45164	302	56	.	.	PUNCT
cjfa-45164	303	1	fig.1	fig.1	ADJ
cjfa-45164	303	2	.	.	PUNCT
cjfa-45164	304	1	impulse	impulse	ADJ
cjfa-45164	304	2	response	response	NOUN
cjfa-45164	304	3	functions	function	NOUN
cjfa-45164	304	4	-0.5	-0.5	X
cjfa-45164	304	5	0.0	0.0	NUM
cjfa-45164	304	6	0.5	0.5	NUM
cjfa-45164	304	7	1.0	1.0	NUM
cjfa-45164	304	8	1.5	1.5	NUM
cjfa-45164	304	9	2.0	2.0	NUM
cjfa-45164	304	10	1	1	NUM
cjfa-45164	304	11	2	2	NUM
cjfa-45164	304	12	3	3	NUM
cjfa-45164	304	13	4	4	NUM
cjfa-45164	304	14	5	5	NUM
cjfa-45164	304	15	6	6	NUM
cjfa-45164	304	16	7	7	NUM
cjfa-45164	304	17	8	8	NUM
cjfa-45164	304	18	9	9	NUM
cjfa-45164	304	19	10	10	NUM
cjfa-45164	304	20	response	response	NOUN
cjfa-45164	304	21	of	of	ADP
cjfa-45164	304	22	smlr	smlr	NOUN
cjfa-45164	304	23	to	to	PART
cjfa-45164	304	24	smlr	smlr	VERB
cjfa-45164	304	25	-0.5	-0.5	PROPN
cjfa-45164	304	26	0.0	0.0	NUM
cjfa-45164	304	27	0.5	0.5	NUM
cjfa-45164	304	28	1.0	1.0	NUM
cjfa-45164	304	29	1.5	1.5	NUM
cjfa-45164	304	30	2.0	2.0	NUM
cjfa-45164	304	31	1	1	NUM
cjfa-45164	304	32	2	2	NUM
cjfa-45164	304	33	3	3	NUM
cjfa-45164	304	34	4	4	NUM
cjfa-45164	304	35	5	5	NUM
cjfa-45164	304	36	6	6	NUM
cjfa-45164	304	37	7	7	NUM
cjfa-45164	304	38	8	8	NUM
cjfa-45164	304	39	9	9	NUM
cjfa-45164	304	40	10	10	NUM
cjfa-45164	304	41	response	response	NOUN
cjfa-45164	304	42	of	of	ADP
cjfa-45164	304	43	smlr	smlr	NOUN
cjfa-45164	304	44	to	to	PART
cjfa-45164	304	45	d(depositp	d(depositp	VERB
cjfa-45164	304	46	)	)	PUNCT
cjfa-45164	304	47	-0.5	-0.5	X
cjfa-45164	304	48	0.0	0.0	NUM
cjfa-45164	304	49	0.5	0.5	NUM
cjfa-45164	304	50	1.0	1.0	NUM
cjfa-45164	304	51	1.5	1.5	NUM
cjfa-45164	304	52	2.0	2.0	NUM
cjfa-45164	304	53	1	1	NUM
cjfa-45164	304	54	2	2	NUM
cjfa-45164	304	55	3	3	NUM
cjfa-45164	304	56	4	4	NUM
cjfa-45164	304	57	5	5	NUM
cjfa-45164	304	58	6	6	NUM
cjfa-45164	304	59	7	7	NUM
cjfa-45164	304	60	8	8	NUM
cjfa-45164	304	61	9	9	NUM
cjfa-45164	304	62	10	10	NUM
cjfa-45164	304	63	response	response	NOUN
cjfa-45164	304	64	of	of	ADP
cjfa-45164	304	65	smlr	smlr	NOUN
cjfa-45164	304	66	to	to	PART
cjfa-45164	304	67	d(creditp	d(creditp	VERB
cjfa-45164	304	68	)	)	PUNCT
cjfa-45164	304	69	-0.5	-0.5	X
cjfa-45164	304	70	0.0	0.0	NUM
cjfa-45164	304	71	0.5	0.5	NUM
cjfa-45164	304	72	1.0	1.0	NUM
cjfa-45164	304	73	1.5	1.5	NUM
cjfa-45164	304	74	2.0	2.0	NUM
cjfa-45164	304	75	1	1	NUM
cjfa-45164	304	76	2	2	NUM
cjfa-45164	304	77	3	3	NUM
cjfa-45164	304	78	4	4	NUM
cjfa-45164	304	79	5	5	NUM
cjfa-45164	304	80	6	6	NUM
cjfa-45164	304	81	7	7	NUM
cjfa-45164	304	82	8	8	NUM
cjfa-45164	304	83	9	9	NUM
cjfa-45164	304	84	10	10	NUM
cjfa-45164	304	85	response	response	NOUN
cjfa-45164	304	86	of	of	ADP
cjfa-45164	304	87	smlr	smlr	NOUN
cjfa-45164	304	88	to	to	PART
cjfa-45164	304	89	d(bankp	d(bankp	VERB
cjfa-45164	304	90	)	)	PUNCT
cjfa-45164	304	91	response	response	NOUN
cjfa-45164	304	92	to	to	PART
cjfa-45164	304	93	cholesky	cholesky	VERB
cjfa-45164	304	94	one	one	NUM
cjfa-45164	304	95	s.d	s.d	PROPN
cjfa-45164	304	96	.	.	PUNCT
cjfa-45164	305	1	(	(	PUNCT
cjfa-45164	305	2	d.f	d.f	PROPN
cjfa-45164	305	3	.	.	PROPN
cjfa-45164	305	4	adjusted	adjust	VERB
cjfa-45164	305	5	)	)	PUNCT
cjfa-45164	305	6	innov	innov	PROPN
cjfa-45164	305	7	ations	ations	PROPN
cjfa-45164	305	8	±	±	PROPN
cjfa-45164	305	9	2	2	NUM
cjfa-45164	305	10	s.e	s.e	PROPN
cjfa-45164	305	11	.	.	PROPN
cjfa-45164	305	12	source	source	PROPN
cjfa-45164	305	13	:	:	PUNCT
cjfa-45164	305	14	author	author	NOUN
cjfa-45164	305	15	’s	’s	PART
cjfa-45164	305	16	computation	computation	NOUN
cjfa-45164	305	17	,	,	PUNCT
cjfa-45164	305	18	2021	2021	NUM
cjfa-45164	305	19	.	.	PUNCT
cjfa-45164	306	1	discussions	discussion	NOUN
cjfa-45164	306	2	of	of	ADP
cjfa-45164	306	3	findings	finding	NOUN
cjfa-45164	306	4	from	from	ADP
cjfa-45164	306	5	the	the	DET
cjfa-45164	306	6	vector	vector	NOUN
cjfa-45164	306	7	autoregression	autoregression	NOUN
cjfa-45164	306	8	estimation	estimation	NOUN
cjfa-45164	306	9	of	of	ADP
cjfa-45164	306	10	the	the	DET
cjfa-45164	306	11	impact	impact	NOUN
cjfa-45164	306	12	of	of	ADP
cjfa-45164	306	13	financial	financial	ADJ
cjfa-45164	306	14	inclusion	inclusion	NOUN
cjfa-45164	306	15	(	(	PUNCT
cjfa-45164	306	16	credit	credit	NOUN
cjfa-45164	306	17	penetration	penetration	NOUN
cjfa-45164	306	18	,	,	PUNCT
cjfa-45164	306	19	bank	bank	NOUN
cjfa-45164	306	20	penetration	penetration	NOUN
cjfa-45164	306	21	and	and	CCONJ
cjfa-45164	306	22	deposit	deposit	NOUN
cjfa-45164	306	23	penetration	penetration	NOUN
cjfa-45164	306	24	)	)	PUNCT
cjfa-45164	306	25	on	on	ADP
cjfa-45164	306	26	stock	stock	NOUN
cjfa-45164	306	27	market	market	NOUN
cjfa-45164	306	28	liquidity	liquidity	NOUN
cjfa-45164	306	29	in	in	ADP
cjfa-45164	306	30	nigeria	nigeria	PROPN
cjfa-45164	306	31	,	,	PUNCT
cjfa-45164	306	32	this	this	DET
cjfa-45164	306	33	study	study	NOUN
cjfa-45164	306	34	indicates	indicate	VERB
cjfa-45164	306	35	deposit	deposit	NOUN
cjfa-45164	306	36	penetration	penetration	NOUN
cjfa-45164	306	37	,	,	PUNCT
cjfa-45164	306	38	bank	bank	NOUN
cjfa-45164	306	39	penetration	penetration	NOUN
cjfa-45164	306	40	and	and	CCONJ
cjfa-45164	306	41	credit	credit	NOUN
cjfa-45164	306	42	penetration	penetration	NOUN
cjfa-45164	306	43	to	to	PART
cjfa-45164	306	44	be	be	AUX
cjfa-45164	306	45	positively	positively	ADV
cjfa-45164	306	46	related	relate	VERB
cjfa-45164	306	47	to	to	ADP
cjfa-45164	306	48	stock	stock	NOUN
cjfa-45164	306	49	market	market	NOUN
cjfa-45164	306	50	turnover	turnover	NOUN
cjfa-45164	306	51	ratio	ratio	NOUN
cjfa-45164	306	52	.	.	PUNCT
cjfa-45164	307	1	however	however	ADV
cjfa-45164	307	2	,	,	PUNCT
cjfa-45164	307	3	none	none	NOUN
cjfa-45164	307	4	of	of	ADP
cjfa-45164	307	5	the	the	DET
cjfa-45164	307	6	coefficient	coefficient	NOUN
cjfa-45164	307	7	is	be	AUX
cjfa-45164	307	8	s	s	PROPN
cjfa-45164	307	9	o	o	NOUN
cjfa-45164	307	10	u	u	NOUN
cjfa-45164	307	11	r	r	NOUN
cjfa-45164	307	12	c	c	NOUN
cjfa-45164	307	13	e	e	NOUN
cjfa-45164	307	14	:	:	PUNCT
cjfa-45164	307	15	author	author	PROPN
cjfa-45164	307	16	’s	’s	PART
cjfa-45164	307	17	computation	computation	NOUN
cjfa-45164	307	18	,	,	PUNCT
cjfa-45164	307	19	2021	2021	NUM
cjfa-45164	307	20	.	.	PUNCT
cjfa-45164	308	1	discussions	discussion	NOUN
cjfa-45164	308	2	of	of	ADP
cjfa-45164	308	3	findingsdiscussions	findingsdiscussion	NOUN
cjfa-45164	308	4	of	of	ADP
cjfa-45164	308	5	findings	finding	NOUN
cjfa-45164	308	6	from	from	ADP
cjfa-45164	308	7	the	the	DET
cjfa-45164	308	8	vector	vector	NOUN
cjfa-45164	308	9	autoregression	autoregression	NOUN
cjfa-45164	308	10	estimation	estimation	NOUN
cjfa-45164	308	11	of	of	ADP
cjfa-45164	308	12	the	the	DET
cjfa-45164	308	13	impact	impact	NOUN
cjfa-45164	308	14	of	of	ADP
cjfa-45164	308	15	financial	financial	ADJ
cjfa-45164	308	16	inclusion	inclusion	NOUN
cjfa-45164	308	17	(	(	PUNCT
cjfa-45164	308	18	credit	credit	NOUN
cjfa-45164	308	19	penetration	penetration	NOUN
cjfa-45164	308	20	,	,	PUNCT
cjfa-45164	308	21	bank	bank	NOUN
cjfa-45164	308	22	penetration	penetration	NOUN
cjfa-45164	308	23	and	and	CCONJ
cjfa-45164	308	24	deposit	deposit	NOUN
cjfa-45164	308	25	penetration	penetration	NOUN
cjfa-45164	308	26	)	)	PUNCT
cjfa-45164	308	27	on	on	ADP
cjfa-45164	308	28	stock	stock	NOUN
cjfa-45164	308	29	market	market	NOUN
cjfa-45164	308	30	liquidity	liquidity	NOUN
cjfa-45164	308	31	in	in	ADP
cjfa-45164	308	32	nigeria	nigeria	PROPN
cjfa-45164	308	33	,	,	PUNCT
cjfa-45164	308	34	this	this	DET
cjfa-45164	308	35	study	study	NOUN
cjfa-45164	308	36	indicates	indicate	VERB
cjfa-45164	308	37	deposit	deposit	NOUN
cjfa-45164	308	38	penetration	penetration	NOUN
cjfa-45164	308	39	,	,	PUNCT
cjfa-45164	308	40	bank	bank	NOUN
cjfa-45164	308	41	penetration	penetration	NOUN
cjfa-45164	308	42	and	and	CCONJ
cjfa-45164	308	43	credit	credit	NOUN
cjfa-45164	308	44	penetration	penetration	NOUN
cjfa-45164	308	45	to	to	PART
cjfa-45164	308	46	be	be	AUX
cjfa-45164	308	47	positively	positively	ADV
cjfa-45164	308	48	related	relate	VERB
cjfa-45164	308	49	to	to	ADP
cjfa-45164	308	50	stock	stock	NOUN
cjfa-45164	308	51	market	market	NOUN
cjfa-45164	308	52	turnover	turnover	NOUN
cjfa-45164	308	53	ratio	ratio	NOUN
cjfa-45164	308	54	.	.	PUNCT
cjfa-45164	309	1	however	however	ADV
cjfa-45164	309	2	,	,	PUNCT
cjfa-45164	309	3	none	none	NOUN
cjfa-45164	309	4	of	of	ADP
cjfa-45164	309	5	the	the	DET
cjfa-45164	309	6	coefficient	coefficient	NOUN
cjfa-45164	309	7	is	be	AUX
cjfa-45164	309	8	significant	significant	ADJ
cjfa-45164	309	9	.	.	PUNCT
cjfa-45164	310	1	this	this	PRON
cjfa-45164	310	2	implies	imply	VERB
cjfa-45164	310	3	that	that	SCONJ
cjfa-45164	310	4	financial	financial	ADJ
cjfa-45164	310	5	inclusion	inclusion	NOUN
cjfa-45164	310	6	indicators	indicator	NOUN
cjfa-45164	310	7	of	of	ADP
cjfa-45164	310	8	deposit	deposit	NOUN
cjfa-45164	310	9	penetration	penetration	NOUN
cjfa-45164	310	10	,	,	PUNCT
cjfa-45164	310	11	bank	bank	NOUN
cjfa-45164	310	12	penetration	penetration	NOUN
cjfa-45164	310	13	and	and	CCONJ
cjfa-45164	310	14	credit	credit	NOUN
cjfa-45164	310	15	penetration	penetration	NOUN
cjfa-45164	310	16	have	have	VERB
cjfa-45164	310	17	positive	positive	ADJ
cjfa-45164	310	18	but	but	CCONJ
cjfa-45164	310	19	non	non	ADJ
cjfa-45164	310	20	-	-	ADJ
cjfa-45164	310	21	significant	significant	ADJ
cjfa-45164	310	22	implications	implication	NOUN
cjfa-45164	310	23	on	on	ADP
cjfa-45164	310	24	liquidity	liquidity	NOUN
cjfa-45164	310	25	of	of	ADP
cjfa-45164	310	26	the	the	DET
cjfa-45164	310	27	nigerian	nigerian	ADJ
cjfa-45164	310	28	capital	capital	NOUN
cjfa-45164	310	29	market	market	NOUN
cjfa-45164	310	30	,	,	PUNCT
cjfa-45164	310	31	measured	measure	VERB
cjfa-45164	310	32	as	as	ADP
cjfa-45164	310	33	stock	stock	NOUN
cjfa-45164	310	34	market	market	NOUN
cjfa-45164	310	35	turnover	turnover	NOUN
cjfa-45164	310	36	ratio	ratio	NOUN
cjfa-45164	310	37	.	.	PUNCT
cjfa-45164	311	1	further	further	ADJ
cjfa-45164	311	2	insights	insight	NOUN
cjfa-45164	311	3	from	from	ADP
cjfa-45164	311	4	vdc	vdc	NOUN
cjfa-45164	311	5	analysis	analysis	NOUN
cjfa-45164	311	6	reveals	reveal	VERB
cjfa-45164	311	7	that	that	SCONJ
cjfa-45164	311	8	variation	variation	NOUN
cjfa-45164	311	9	in	in	ADP
cjfa-45164	311	10	stock	stock	NOUN
cjfa-45164	311	11	market	market	NOUN
cjfa-45164	311	12	turnover	turnover	NOUN
cjfa-45164	311	13	ratio	ratio	NOUN
cjfa-45164	311	14	is	be	AUX
cjfa-45164	311	15	accounted	account	VERB
cjfa-45164	311	16	for	for	ADP
cjfa-45164	311	17	financial	financial	ADJ
cjfa-45164	311	18	inclusion	inclusion	NOUN
cjfa-45164	311	19	as	as	SCONJ
cjfa-45164	311	20	indicated	indicate	VERB
cjfa-45164	311	21	by	by	ADP
cjfa-45164	311	22	deposit	deposit	NOUN
cjfa-45164	311	23	penetration	penetration	NOUN
cjfa-45164	311	24	,	,	PUNCT
cjfa-45164	311	25	bank	bank	NOUN
cjfa-45164	311	26	penetration	penetration	NOUN
cjfa-45164	311	27	and	and	CCONJ
cjfa-45164	311	28	credit	credit	NOUN
cjfa-45164	311	29	penetration	penetration	NOUN
cjfa-45164	311	30	.	.	PUNCT
cjfa-45164	312	1	the	the	DET
cjfa-45164	312	2	impulse	impulse	ADJ
cjfa-45164	312	3	response	response	NOUN
cjfa-45164	312	4	functions	function	NOUN
cjfa-45164	312	5	(	(	PUNCT
cjfa-45164	312	6	irfs	irfs	PROPN
cjfa-45164	312	7	)	)	PUNCT
cjfa-45164	312	8	reveals	reveal	VERB
cjfa-45164	312	9	response	response	NOUN
cjfa-45164	312	10	of	of	ADP
cjfa-45164	312	11	smlr	smlr	NOUN
cjfa-45164	312	12	to	to	PART
cjfa-45164	312	13	smlr	smlr	VERB
cjfa-45164	312	14	response	response	NOUN
cjfa-45164	312	15	of	of	ADP
cjfa-45164	312	16	smlr	smlr	NOUN
cjfa-45164	312	17	to	to	PART
cjfa-45164	312	18	d(depositp	d(depositp	VERB
cjfa-45164	312	19	)	)	PUNCT
cjfa-45164	312	20	response	response	NOUN
cjfa-45164	312	21	of	of	ADP
cjfa-45164	312	22	smlr	smlr	NOUN
cjfa-45164	312	23	to	to	ADP
cjfa-45164	312	24	d(bankp)response	d(bankp)response	PROPN
cjfa-45164	312	25	of	of	ADP
cjfa-45164	312	26	smlr	smlr	NOUN
cjfa-45164	312	27	to	to	PART
cjfa-45164	312	28	d(creditp	d(creditp	VERB
cjfa-45164	312	29	)	)	PUNCT
cjfa-45164	312	30	g.f	g.f	PROPN
cjfa-45164	312	31	.	.	PROPN
cjfa-45164	312	32	babarinde	babarinde	PROPN
cjfa-45164	312	33	,	,	PUNCT
cjfa-45164	312	34	b.a	b.a	PROPN
cjfa-45164	312	35	.	.	PROPN
cjfa-45164	312	36	daneji	daneji	PROPN
cjfa-45164	312	37	,	,	PUNCT
cjfa-45164	312	38	m.a	m.a	PROPN
cjfa-45164	312	39	.	.	PROPN
cjfa-45164	312	40	jalloh	jalloh	PROPN
cjfa-45164	312	41	,	,	PUNCT
cjfa-45164	312	42	t.i	t.i	PROPN
cjfa-45164	312	43	.	.	NOUN
cjfa-45164	312	44	abdulmajeed2424	abdulmajeed2424	ADP
cjfa-45164	312	45	that	that	DET
cjfa-45164	312	46	stock	stock	NOUN
cjfa-45164	312	47	market	market	NOUN
cjfa-45164	312	48	turnover	turnover	NOUN
cjfa-45164	312	49	ratio	ratio	NOUN
cjfa-45164	312	50	(	(	PUNCT
cjfa-45164	312	51	smtr	smtr	NOUN
cjfa-45164	312	52	)	)	PUNCT
cjfa-45164	312	53	responds	respond	VERB
cjfa-45164	312	54	positively	positively	ADV
cjfa-45164	312	55	to	to	PART
cjfa-45164	312	56	own	own	ADJ
cjfa-45164	312	57	shocks	shock	NOUN
cjfa-45164	312	58	as	as	ADV
cjfa-45164	312	59	well	well	ADV
cjfa-45164	312	60	as	as	ADP
cjfa-45164	312	61	shocks	shock	NOUN
cjfa-45164	312	62	/	/	SYM
cjfa-45164	312	63	innovations	innovation	NOUN
cjfa-45164	312	64	in	in	ADP
cjfa-45164	312	65	the	the	DET
cjfa-45164	312	66	three	three	NUM
cjfa-45164	312	67	indicators	indicator	NOUN
cjfa-45164	312	68	of	of	ADP
cjfa-45164	312	69	financial	financial	ADJ
cjfa-45164	312	70	inclusion	inclusion	NOUN
cjfa-45164	312	71	.	.	PUNCT
cjfa-45164	313	1	in	in	ADP
cjfa-45164	313	2	sum	sum	NOUN
cjfa-45164	313	3	,	,	PUNCT
cjfa-45164	313	4	this	this	DET
cjfa-45164	313	5	study	study	NOUN
cjfa-45164	313	6	unveils	unveil	VERB
cjfa-45164	313	7	the	the	DET
cjfa-45164	313	8	non	non	ADJ
cjfa-45164	313	9	-	-	ADJ
cjfa-45164	313	10	significant	significant	ADJ
cjfa-45164	313	11	impact	impact	NOUN
cjfa-45164	313	12	of	of	ADP
cjfa-45164	313	13	financial	financial	ADJ
cjfa-45164	313	14	inclusion	inclusion	NOUN
cjfa-45164	313	15	on	on	ADP
cjfa-45164	313	16	the	the	DET
cjfa-45164	313	17	liquidity	liquidity	NOUN
cjfa-45164	313	18	of	of	ADP
cjfa-45164	313	19	the	the	DET
cjfa-45164	313	20	nigerian	nigerian	ADJ
cjfa-45164	313	21	capital	capital	NOUN
cjfa-45164	313	22	market	market	NOUN
cjfa-45164	313	23	.	.	PUNCT
cjfa-45164	314	1	the	the	DET
cjfa-45164	314	2	results	result	NOUN
cjfa-45164	314	3	of	of	ADP
cjfa-45164	314	4	this	this	DET
cjfa-45164	314	5	study	study	NOUN
cjfa-45164	314	6	are	be	AUX
cjfa-45164	314	7	not	not	PART
cjfa-45164	314	8	in	in	ADP
cjfa-45164	314	9	line	line	NOUN
cjfa-45164	314	10	with	with	ADP
cjfa-45164	314	11	a	a	DET
cjfa-45164	314	12	priori	priori	ADJ
cjfa-45164	314	13	expectation	expectation	NOUN
cjfa-45164	314	14	.	.	PUNCT
cjfa-45164	315	1	this	this	PRON
cjfa-45164	315	2	may	may	AUX
cjfa-45164	315	3	not	not	PART
cjfa-45164	315	4	be	be	AUX
cjfa-45164	315	5	unconnected	unconnected	ADJ
cjfa-45164	315	6	with	with	ADP
cjfa-45164	315	7	the	the	DET
cjfa-45164	315	8	view	view	NOUN
cjfa-45164	315	9	that	that	SCONJ
cjfa-45164	315	10	the	the	DET
cjfa-45164	315	11	financial	financial	ADJ
cjfa-45164	315	12	inclusion	inclusion	NOUN
cjfa-45164	315	13	programme	programme	NOUN
cjfa-45164	315	14	/	/	SYM
cjfa-45164	315	15	activities	activity	NOUN
cjfa-45164	315	16	in	in	ADP
cjfa-45164	315	17	nigeria	nigeria	PROPN
cjfa-45164	315	18	have	have	AUX
cjfa-45164	315	19	not	not	PART
cjfa-45164	315	20	been	be	AUX
cjfa-45164	315	21	impactful	impactful	ADJ
cjfa-45164	315	22	on	on	ADP
cjfa-45164	315	23	increasing	increase	VERB
cjfa-45164	315	24	capital	capital	NOUN
cjfa-45164	315	25	transactions	transaction	NOUN
cjfa-45164	315	26	in	in	ADP
cjfa-45164	315	27	terms	term	NOUN
cjfa-45164	315	28	of	of	ADP
cjfa-45164	315	29	frequency	frequency	NOUN
cjfa-45164	315	30	/	/	SYM
cjfa-45164	315	31	volume	volume	NOUN
cjfa-45164	315	32	and	and	CCONJ
cjfa-45164	315	33	value	value	NOUN
cjfa-45164	315	34	.	.	PUNCT
cjfa-45164	316	1	our	our	PRON
cjfa-45164	316	2	finding	finding	NOUN
cjfa-45164	316	3	is	be	AUX
cjfa-45164	316	4	line	line	NOUN
cjfa-45164	316	5	with	with	ADP
cjfa-45164	316	6	that	that	PRON
cjfa-45164	316	7	of	of	ADP
cjfa-45164	316	8	migap	migap	NOUN
cjfa-45164	316	9	et	et	PROPN
cjfa-45164	316	10	al	al	PROPN
cjfa-45164	316	11	.	.	PROPN
cjfa-45164	317	1	(	(	PUNCT
cjfa-45164	317	2	2020	2020	NUM
cjfa-45164	317	3	)	)	PUNCT
cjfa-45164	317	4	who	who	PRON
cjfa-45164	317	5	reported	report	VERB
cjfa-45164	317	6	the	the	DET
cjfa-45164	317	7	absence	absence	NOUN
cjfa-45164	317	8	of	of	ADP
cjfa-45164	317	9	a	a	DET
cjfa-45164	317	10	causal	causal	ADJ
cjfa-45164	317	11	relationship	relationship	NOUN
cjfa-45164	317	12	between	between	ADP
cjfa-45164	317	13	financial	financial	ADJ
cjfa-45164	317	14	inclusion	inclusion	NOUN
cjfa-45164	317	15	and	and	CCONJ
cjfa-45164	317	16	capital	capital	NOUN
cjfa-45164	317	17	market	market	NOUN
cjfa-45164	317	18	in	in	ADP
cjfa-45164	317	19	nigeria	nigeria	PROPN
cjfa-45164	317	20	.	.	PUNCT
cjfa-45164	318	1	this	this	PRON
cjfa-45164	318	2	is	be	AUX
cjfa-45164	318	3	not	not	PART
cjfa-45164	318	4	consistent	consistent	ADJ
cjfa-45164	318	5	with	with	ADP
cjfa-45164	318	6	the	the	DET
cjfa-45164	318	7	findings	finding	NOUN
cjfa-45164	318	8	of	of	ADP
cjfa-45164	318	9	akakpo	akakpo	PROPN
cjfa-45164	318	10	(	(	PUNCT
cjfa-45164	318	11	2020	2020	NUM
cjfa-45164	318	12	)	)	PUNCT
cjfa-45164	318	13	in	in	ADP
cjfa-45164	318	14	the	the	DET
cjfa-45164	318	15	context	context	NOUN
cjfa-45164	318	16	of	of	ADP
cjfa-45164	318	17	ghana	ghana	PROPN
cjfa-45164	318	18	,	,	PUNCT
cjfa-45164	318	19	who	who	PRON
cjfa-45164	318	20	finds	find	VERB
cjfa-45164	318	21	a	a	DET
cjfa-45164	318	22	significant	significant	ADJ
cjfa-45164	318	23	impact	impact	NOUN
cjfa-45164	318	24	of	of	ADP
cjfa-45164	318	25	financial	financial	ADJ
cjfa-45164	318	26	inclusion	inclusion	NOUN
cjfa-45164	318	27	on	on	ADP
cjfa-45164	318	28	stock	stock	NOUN
cjfa-45164	318	29	market	market	NOUN
cjfa-45164	318	30	participation	participation	NOUN
cjfa-45164	318	31	in	in	ADP
cjfa-45164	318	32	the	the	DET
cjfa-45164	318	33	country	country	NOUN
cjfa-45164	318	34	.	.	PUNCT
cjfa-45164	319	1	the	the	DET
cjfa-45164	319	2	implications	implication	NOUN
cjfa-45164	319	3	of	of	ADP
cjfa-45164	319	4	these	these	DET
cjfa-45164	319	5	findings	finding	NOUN
cjfa-45164	319	6	are	be	AUX
cjfa-45164	319	7	that	that	SCONJ
cjfa-45164	319	8	financial	financial	ADJ
cjfa-45164	319	9	inclusion	inclusion	NOUN
cjfa-45164	319	10	has	have	AUX
cjfa-45164	319	11	not	not	PART
cjfa-45164	319	12	been	be	AUX
cjfa-45164	319	13	targeting	target	VERB
cjfa-45164	319	14	capital	capital	NOUN
cjfa-45164	319	15	market	market	NOUN
cjfa-45164	319	16	transactions	transaction	NOUN
cjfa-45164	319	17	.	.	PUNCT
cjfa-45164	320	1	financial	financial	ADJ
cjfa-45164	320	2	inclusion	inclusion	NOUN
cjfa-45164	320	3	has	have	AUX
cjfa-45164	320	4	not	not	PART
cjfa-45164	320	5	translated	translate	VERB
cjfa-45164	320	6	into	into	ADP
cjfa-45164	320	7	encouraging	encourage	VERB
cjfa-45164	320	8	capital	capital	NOUN
cjfa-45164	320	9	market	market	NOUN
cjfa-45164	320	10	liquidity	liquidity	NOUN
cjfa-45164	320	11	.	.	PUNCT
cjfa-45164	320	12	 	 	SPACE
cjfa-45164	321	1	conclusion	conclusion	NOUN
cjfa-45164	321	2	 	 	SPACE
cjfa-45164	321	3	conclusion	conclusion	NOUN
cjfa-45164	321	4	in	in	ADP
cjfa-45164	321	5	this	this	DET
cjfa-45164	321	6	study	study	NOUN
cjfa-45164	322	1	,	,	PUNCT
cjfa-45164	322	2	we	we	PRON
cjfa-45164	322	3	applied	apply	VERB
cjfa-45164	322	4	vector	vector	NOUN
cjfa-45164	322	5	autoregression	autoregression	NOUN
cjfa-45164	322	6	,	,	PUNCT
cjfa-45164	322	7	variance	variance	NOUN
cjfa-45164	322	8	decomposition	decomposition	NOUN
cjfa-45164	322	9	and	and	CCONJ
cjfa-45164	322	10	impulse	impulse	ADJ
cjfa-45164	322	11	response	response	NOUN
cjfa-45164	322	12	techniques	technique	NOUN
cjfa-45164	322	13	to	to	ADP
cjfa-45164	322	14	the	the	DET
cjfa-45164	322	15	analysis	analysis	NOUN
cjfa-45164	322	16	of	of	ADP
cjfa-45164	322	17	the	the	DET
cjfa-45164	322	18	implications	implication	NOUN
cjfa-45164	322	19	of	of	ADP
cjfa-45164	322	20	financial	financial	ADJ
cjfa-45164	322	21	inclusion	inclusion	NOUN
cjfa-45164	322	22	on	on	ADP
cjfa-45164	322	23	capital	capital	NOUN
cjfa-45164	322	24	market	market	NOUN
cjfa-45164	322	25	liquidity	liquidity	NOUN
cjfa-45164	322	26	in	in	ADP
cjfa-45164	322	27	nigeria	nigeria	PROPN
cjfa-45164	322	28	between	between	ADP
cjfa-45164	322	29	2008q1	2008q1	PROPN
cjfa-45164	322	30	to	to	ADP
cjfa-45164	322	31	2018q4	2018q4	PROPN
cjfa-45164	322	32	.	.	PUNCT
cjfa-45164	323	1	from	from	ADP
cjfa-45164	323	2	the	the	DET
cjfa-45164	323	3	analysis	analysis	NOUN
cjfa-45164	323	4	,	,	PUNCT
cjfa-45164	323	5	we	we	PRON
cjfa-45164	323	6	established	establish	VERB
cjfa-45164	323	7	that	that	SCONJ
cjfa-45164	323	8	financial	financial	ADJ
cjfa-45164	323	9	inclusion	inclusion	NOUN
cjfa-45164	323	10	indicators	indicator	NOUN
cjfa-45164	323	11	of	of	ADP
cjfa-45164	323	12	deposit	deposit	NOUN
cjfa-45164	323	13	penetration	penetration	NOUN
cjfa-45164	323	14	,	,	PUNCT
cjfa-45164	323	15	bank	bank	NOUN
cjfa-45164	323	16	penetration	penetration	NOUN
cjfa-45164	323	17	and	and	CCONJ
cjfa-45164	323	18	credit	credit	NOUN
cjfa-45164	323	19	penetration	penetration	NOUN
cjfa-45164	323	20	have	have	VERB
cjfa-45164	323	21	positive	positive	ADJ
cjfa-45164	323	22	but	but	CCONJ
cjfa-45164	323	23	non	non	ADJ
cjfa-45164	323	24	-	-	ADJ
cjfa-45164	323	25	significant	significant	ADJ
cjfa-45164	323	26	implications	implication	NOUN
cjfa-45164	323	27	on	on	ADP
cjfa-45164	323	28	stock	stock	NOUN
cjfa-45164	323	29	market	market	NOUN
cjfa-45164	323	30	turnover	turnover	NOUN
cjfa-45164	323	31	ratio	ratio	NOUN
cjfa-45164	323	32	in	in	ADP
cjfa-45164	323	33	nigeria	nigeria	PROPN
cjfa-45164	323	34	.	.	PUNCT
cjfa-45164	324	1	this	this	DET
cjfa-45164	324	2	study	study	NOUN
cjfa-45164	324	3	therefore	therefore	ADV
cjfa-45164	324	4	concludes	conclude	VERB
cjfa-45164	324	5	that	that	SCONJ
cjfa-45164	324	6	financial	financial	ADJ
cjfa-45164	324	7	inclusion	inclusion	NOUN
cjfa-45164	324	8	exerts	exert	VERB
cjfa-45164	324	9	no	no	DET
cjfa-45164	324	10	significant	significant	ADJ
cjfa-45164	324	11	influence	influence	NOUN
cjfa-45164	324	12	on	on	ADP
cjfa-45164	324	13	stock	stock	NOUN
cjfa-45164	324	14	market	market	NOUN
cjfa-45164	324	15	liquidity	liquidity	NOUN
cjfa-45164	324	16	in	in	ADP
cjfa-45164	324	17	nigeria	nigeria	PROPN
cjfa-45164	324	18	with	with	ADP
cjfa-45164	324	19	a	a	DET
cjfa-45164	324	20	very	very	ADV
cjfa-45164	324	21	negligible	negligible	ADJ
cjfa-45164	324	22	variation	variation	NOUN
cjfa-45164	324	23	in	in	ADP
cjfa-45164	324	24	the	the	DET
cjfa-45164	324	25	latter	latter	ADJ
cjfa-45164	324	26	explained	explain	VERB
cjfa-45164	324	27	by	by	ADP
cjfa-45164	324	28	the	the	DET
cjfa-45164	324	29	former	former	NOUN
cjfa-45164	324	30	.	.	PUNCT
cjfa-45164	325	1	the	the	DET
cjfa-45164	325	2	implication	implication	NOUN
cjfa-45164	325	3	of	of	ADP
cjfa-45164	325	4	the	the	DET
cjfa-45164	325	5	findings	finding	NOUN
cjfa-45164	325	6	of	of	ADP
cjfa-45164	325	7	this	this	DET
cjfa-45164	325	8	study	study	NOUN
cjfa-45164	325	9	is	be	AUX
cjfa-45164	325	10	that	that	SCONJ
cjfa-45164	325	11	capital	capital	NOUN
cjfa-45164	325	12	market	market	NOUN
cjfa-45164	325	13	liquidity	liquidity	NOUN
cjfa-45164	325	14	is	be	AUX
cjfa-45164	325	15	not	not	PART
cjfa-45164	325	16	enhanced	enhance	VERB
cjfa-45164	325	17	by	by	ADP
cjfa-45164	325	18	the	the	DET
cjfa-45164	325	19	financial	financial	ADJ
cjfa-45164	325	20	inclusion	inclusion	NOUN
cjfa-45164	325	21	initiative	initiative	NOUN
cjfa-45164	325	22	in	in	ADP
cjfa-45164	325	23	the	the	DET
cjfa-45164	325	24	economy	economy	NOUN
cjfa-45164	325	25	of	of	ADP
cjfa-45164	325	26	nigeria	nigeria	PROPN
cjfa-45164	325	27	.	.	PUNCT
cjfa-45164	326	1	although	although	SCONJ
cjfa-45164	326	2	each	each	PRON
cjfa-45164	326	3	of	of	ADP
cjfa-45164	326	4	the	the	DET
cjfa-45164	326	5	three	three	NUM
cjfa-45164	326	6	indicators	indicator	NOUN
cjfa-45164	326	7	of	of	ADP
cjfa-45164	326	8	financial	financial	ADJ
cjfa-45164	326	9	inclusions	inclusion	NOUN
cjfa-45164	326	10	examined	examine	VERB
cjfa-45164	326	11	in	in	ADP
cjfa-45164	326	12	this	this	DET
cjfa-45164	326	13	study	study	NOUN
cjfa-45164	326	14	poses	pose	VERB
cjfa-45164	326	15	to	to	PART
cjfa-45164	326	16	be	be	AUX
cjfa-45164	326	17	positively	positively	ADV
cjfa-45164	326	18	influential	influential	ADJ
cjfa-45164	326	19	on	on	ADP
cjfa-45164	326	20	stock	stock	NOUN
cjfa-45164	326	21	market	market	NOUN
cjfa-45164	326	22	liquidity	liquidity	NOUN
cjfa-45164	326	23	,	,	PUNCT
cjfa-45164	326	24	none	none	NOUN
cjfa-45164	326	25	of	of	ADP
cjfa-45164	326	26	them	they	PRON
cjfa-45164	326	27	could	could	AUX
cjfa-45164	326	28	statistically	statistically	ADV
cjfa-45164	326	29	explain	explain	VERB
cjfa-45164	326	30	liquidity	liquidity	NOUN
cjfa-45164	326	31	of	of	ADP
cjfa-45164	326	32	the	the	DET
cjfa-45164	326	33	nigerian	nigerian	ADJ
cjfa-45164	326	34	capital	capital	NOUN
cjfa-45164	326	35	market	market	NOUN
cjfa-45164	326	36	in	in	ADP
cjfa-45164	326	37	the	the	DET
cjfa-45164	326	38	study	study	NOUN
cjfa-45164	326	39	period	period	NOUN
cjfa-45164	326	40	.	.	PUNCT
cjfa-45164	327	1	the	the	DET
cjfa-45164	327	2	empirical	empirical	ADJ
cjfa-45164	327	3	findings	finding	NOUN
cjfa-45164	327	4	of	of	ADP
cjfa-45164	327	5	this	this	DET
cjfa-45164	327	6	study	study	NOUN
cjfa-45164	327	7	suggests	suggest	VERB
cjfa-45164	327	8	that	that	SCONJ
cjfa-45164	327	9	deposit	deposit	NOUN
cjfa-45164	327	10	penetration	penetration	NOUN
cjfa-45164	327	11	,	,	PUNCT
cjfa-45164	327	12	bank	bank	NOUN
cjfa-45164	327	13	penetration	penetration	NOUN
cjfa-45164	327	14	and	and	CCONJ
cjfa-45164	327	15	credit	credit	NOUN
cjfa-45164	327	16	penetration	penetration	NOUN
cjfa-45164	327	17	measures	measure	NOUN
cjfa-45164	327	18	of	of	ADP
cjfa-45164	327	19	financial	financial	ADJ
cjfa-45164	327	20	inclusion	inclusion	NOUN
cjfa-45164	327	21	have	have	VERB
cjfa-45164	327	22	the	the	DET
cjfa-45164	327	23	potential	potential	NOUN
cjfa-45164	327	24	of	of	ADP
cjfa-45164	327	25	improving	improve	VERB
cjfa-45164	327	26	the	the	DET
cjfa-45164	327	27	liquidity	liquidity	NOUN
cjfa-45164	327	28	of	of	ADP
cjfa-45164	327	29	the	the	DET
cjfa-45164	327	30	nigerian	nigerian	ADJ
cjfa-45164	327	31	capital	capital	NOUN
cjfa-45164	327	32	market	market	NOUN
cjfa-45164	327	33	but	but	CCONJ
cjfa-45164	327	34	the	the	DET
cjfa-45164	327	35	current	current	ADJ
cjfa-45164	327	36	pace	pace	NOUN
cjfa-45164	327	37	of	of	ADP
cjfa-45164	327	38	financial	financial	ADJ
cjfa-45164	327	39	inclusion	inclusion	NOUN
cjfa-45164	327	40	has	have	AUX
cjfa-45164	327	41	not	not	PART
cjfa-45164	327	42	reached	reach	VERB
cjfa-45164	327	43	the	the	DET
cjfa-45164	327	44	desired	desire	VERB
cjfa-45164	327	45	rate	rate	NOUN
cjfa-45164	327	46	of	of	ADP
cjfa-45164	327	47	significantly	significantly	ADV
cjfa-45164	327	48	promoting	promote	VERB
cjfa-45164	327	49	the	the	DET
cjfa-45164	327	50	liquidity	liquidity	NOUN
cjfa-45164	327	51	of	of	ADP
cjfa-45164	327	52	the	the	DET
cjfa-45164	327	53	nigerian	nigerian	ADJ
cjfa-45164	327	54	stock	stock	NOUN
cjfa-45164	327	55	exchange	exchange	PROPN
cjfa-45164	327	56	.	.	PUNCT
cjfa-45164	328	1	financial	financial	ADJ
cjfa-45164	328	2	inclusion	inclusion	NOUN
cjfa-45164	328	3	implications	implication	NOUN
cjfa-45164	328	4	on	on	ADP
cjfa-45164	328	5	the	the	DET
cjfa-45164	328	6	liquidity	liquidity	NOUN
cjfa-45164	328	7	…	…	PUNCT
cjfa-45164	328	8	2525	2525	NUM
cjfa-45164	329	1	it	it	PRON
cjfa-45164	329	2	is	be	AUX
cjfa-45164	329	3	therefore	therefore	ADV
cjfa-45164	329	4	recommended	recommend	VERB
cjfa-45164	329	5	that	that	SCONJ
cjfa-45164	329	6	accounts	account	NOUN
cjfa-45164	329	7	and	and	CCONJ
cjfa-45164	329	8	bank	bank	NOUN
cjfa-45164	329	9	penetrations	penetration	NOUN
cjfa-45164	329	10	should	should	AUX
cjfa-45164	329	11	be	be	AUX
cjfa-45164	329	12	re	re	VERB
cjfa-45164	329	13	-	-	VERB
cjfa-45164	329	14	engineered	engineer	VERB
cjfa-45164	329	15	towards	towards	ADP
cjfa-45164	329	16	its	its	PRON
cjfa-45164	329	17	translation	translation	NOUN
cjfa-45164	329	18	to	to	ADP
cjfa-45164	329	19	high	high	ADJ
cjfa-45164	329	20	volume	volume	NOUN
cjfa-45164	329	21	and	and	CCONJ
cjfa-45164	329	22	value	value	NOUN
cjfa-45164	329	23	of	of	ADP
cjfa-45164	329	24	capital	capital	NOUN
cjfa-45164	329	25	market	market	NOUN
cjfa-45164	329	26	transactions	transaction	NOUN
cjfa-45164	329	27	than	than	ADP
cjfa-45164	329	28	mere	mere	ADJ
cjfa-45164	329	29	penetration	penetration	NOUN
cjfa-45164	329	30	without	without	ADP
cjfa-45164	329	31	capital	capital	NOUN
cjfa-45164	329	32	market	market	NOUN
cjfa-45164	329	33	implications	implication	NOUN
cjfa-45164	329	34	in	in	ADP
cjfa-45164	329	35	nigeria	nigeria	PROPN
cjfa-45164	329	36	.	.	PUNCT
cjfa-45164	330	1	government	government	NOUN
cjfa-45164	330	2	should	should	AUX
cjfa-45164	330	3	provide	provide	VERB
cjfa-45164	330	4	special	special	ADJ
cjfa-45164	330	5	outlets	outlet	NOUN
cjfa-45164	330	6	and	and	CCONJ
cjfa-45164	330	7	platforms	platform	NOUN
cjfa-45164	330	8	for	for	ADP
cjfa-45164	330	9	vulnerable	vulnerable	ADJ
cjfa-45164	330	10	groups	group	NOUN
cjfa-45164	330	11	and	and	CCONJ
cjfa-45164	330	12	formerly	formerly	ADV
cjfa-45164	330	13	financially	financially	ADV
cjfa-45164	330	14	excluded	exclude	VERB
cjfa-45164	330	15	to	to	PART
cjfa-45164	330	16	be	be	AUX
cjfa-45164	330	17	able	able	ADJ
cjfa-45164	330	18	to	to	PART
cjfa-45164	330	19	access	access	VERB
cjfa-45164	330	20	and	and	CCONJ
cjfa-45164	330	21	execute	execute	VERB
cjfa-45164	330	22	capital	capital	NOUN
cjfa-45164	330	23	market	market	NOUN
cjfa-45164	330	24	transactions	transaction	NOUN
cjfa-45164	330	25	through	through	ADP
cjfa-45164	330	26	the	the	DET
cjfa-45164	330	27	actuality	actuality	NOUN
cjfa-45164	330	28	of	of	ADP
cjfa-45164	330	29	the	the	DET
cjfa-45164	330	30	third	third	NOUN
cjfa-45164	330	31	and	and	CCONJ
cjfa-45164	330	32	the	the	DET
cjfa-45164	330	33	fourth	fourth	ADJ
cjfa-45164	330	34	tier	tier	NOUN
cjfa-45164	330	35	of	of	ADP
cjfa-45164	330	36	the	the	DET
cjfa-45164	330	37	nigerian	nigerian	ADJ
cjfa-45164	330	38	capital	capital	NOUN
cjfa-45164	330	39	market	market	NOUN
cjfa-45164	330	40	.	.	PUNCT
cjfa-45164	331	1	one	one	NUM
cjfa-45164	331	2	approach	approach	NOUN
cjfa-45164	331	3	to	to	PART
cjfa-45164	331	4	attain	attain	VERB
cjfa-45164	331	5	this	this	PRON
cjfa-45164	331	6	is	be	AUX
cjfa-45164	331	7	via	via	ADP
cjfa-45164	331	8	financial	financial	ADJ
cjfa-45164	331	9	inclusion	inclusion	NOUN
cjfa-45164	331	10	re	re	NOUN
cjfa-45164	331	11	-	-	NOUN
cjfa-45164	331	12	engineering	engineering	NOUN
cjfa-45164	331	13	towards	towards	ADP
cjfa-45164	331	14	capital	capital	NOUN
cjfa-45164	331	15	market	market	NOUN
cjfa-45164	331	16	development	development	NOUN
cjfa-45164	331	17	.	.	PUNCT
cjfa-45164	331	18	 	 	SPACE
cjfa-45164	332	1	references	reference	NOUN
cjfa-45164	332	2	 	 	SPACE
cjfa-45164	332	3	references	reference	NOUN
cjfa-45164	332	4	akakpo	akakpo	PROPN
cjfa-45164	332	5	,	,	PUNCT
cjfa-45164	332	6	a.a	a.a	PROPN
cjfa-45164	332	7	.	.	PROPN
cjfa-45164	332	8	(	(	PUNCT
cjfa-45164	332	9	2020	2020	NUM
cjfa-45164	332	10	)	)	PUNCT
cjfa-45164	332	11	.	.	PUNCT
cjfa-45164	333	1	financial	financial	ADJ
cjfa-45164	333	2	literacy	literacy	NOUN
cjfa-45164	333	3	,	,	PUNCT
cjfa-45164	333	4	financial	financial	ADJ
cjfa-45164	333	5	inclusion	inclusion	NOUN
cjfa-45164	333	6	and	and	CCONJ
cjfa-45164	333	7	stock	stock	NOUN
cjfa-45164	333	8	market	market	NOUN
cjfa-45164	333	9	participation	participation	NOUN
cjfa-45164	333	10	in	in	ADP
cjfa-45164	333	11	ghana	ghana	PROPN
cjfa-45164	333	12	(	(	PUNCT
cjfa-45164	333	13	m.sc	m.sc	PROPN
cjfa-45164	333	14	.	.	PUNCT
cjfa-45164	334	1	thesis	thesis	NOUN
cjfa-45164	334	2	)	)	PUNCT
cjfa-45164	334	3	.	.	PUNCT
cjfa-45164	335	1	university	university	NOUN
cjfa-45164	335	2	of	of	ADP
cjfa-45164	335	3	ghana	ghana	PROPN
cjfa-45164	335	4	.	.	PUNCT
cjfa-45164	336	1	http://ugspace.ug.edu.gh	http://ugspace.ug.edu.gh	PROPN
cjfa-45164	336	2	.	.	PUNCT
cjfa-45164	337	1	alade	alade	PROPN
cjfa-45164	337	2	,	,	PUNCT
cjfa-45164	337	3	m.e	m.e	PROPN
cjfa-45164	337	4	.	.	PROPN
cjfa-45164	337	5	,	,	PUNCT
cjfa-45164	337	6	adeusi	adeusi	PROPN
cjfa-45164	337	7	,	,	PUNCT
cjfa-45164	337	8	s.a	s.a	PROPN
cjfa-45164	337	9	.	.	PROPN
cjfa-45164	337	10	,	,	PUNCT
cjfa-45164	337	11	&	&	CCONJ
cjfa-45164	337	12	alade	alade	PROPN
cjfa-45164	337	13	,	,	PUNCT
cjfa-45164	337	14	f.o	f.o	PROPN
cjfa-45164	337	15	.	.	PROPN
cjfa-45164	337	16	(	(	PUNCT
cjfa-45164	337	17	2020	2020	NUM
cjfa-45164	337	18	)	)	PUNCT
cjfa-45164	337	19	.	.	PUNCT
cjfa-45164	338	1	covid-19	covid-19	PROPN
cjfa-45164	338	2	pandemic	pandemic	ADJ
cjfa-45164	338	3	and	and	CCONJ
cjfa-45164	338	4	nigerian	nigerian	ADJ
cjfa-45164	338	5	stock	stock	NOUN
cjfa-45164	338	6	market	market	NOUN
cjfa-45164	338	7	capitalisation	capitalisation	NOUN
cjfa-45164	338	8	.	.	PUNCT
cjfa-45164	339	1	ilorin	ilorin	PROPN
cjfa-45164	339	2	journal	journal	PROPN
cjfa-45164	339	3	of	of	ADP
cjfa-45164	339	4	economic	economic	ADJ
cjfa-45164	339	5	policy	policy	NOUN
cjfa-45164	339	6	,	,	PUNCT
cjfa-45164	339	7	7(3	7(3	NUM
cjfa-45164	339	8	)	)	PUNCT
cjfa-45164	339	9	,	,	PUNCT
cjfa-45164	339	10	12–23	12–23	PROPN
cjfa-45164	339	11	.	.	PUNCT
cjfa-45164	340	1	ashraf	ashraf	PROPN
cjfa-45164	340	2	,	,	PUNCT
cjfa-45164	340	3	m.a	m.a	PROPN
cjfa-45164	340	4	.	.	PROPN
cjfa-45164	340	5	(	(	PUNCT
cjfa-45164	340	6	2021	2021	NUM
cjfa-45164	340	7	)	)	PUNCT
cjfa-45164	340	8	.	.	PUNCT
cjfa-45164	341	1	the	the	DET
cjfa-45164	341	2	impact	impact	NOUN
cjfa-45164	341	3	of	of	ADP
cjfa-45164	341	4	mobile	mobile	ADJ
cjfa-45164	341	5	financial	financial	ADJ
cjfa-45164	341	6	services	service	NOUN
cjfa-45164	341	7	on	on	ADP
cjfa-45164	341	8	the	the	DET
cjfa-45164	341	9	usage	usage	NOUN
cjfa-45164	341	10	dimension	dimension	NOUN
cjfa-45164	341	11	of	of	ADP
cjfa-45164	341	12	financial	financial	ADJ
cjfa-45164	341	13	inclusion	inclusion	NOUN
cjfa-45164	341	14	:	:	PUNCT
cjfa-45164	341	15	an	an	DET
cjfa-45164	341	16	empirical	empirical	ADJ
cjfa-45164	341	17	study	study	NOUN
cjfa-45164	341	18	from	from	ADP
cjfa-45164	341	19	bangladesh	bangladesh	PROPN
cjfa-45164	341	20	.	.	PUNCT
cjfa-45164	342	1	copernican	copernican	PROPN
cjfa-45164	342	2	journal	journal	PROPN
cjfa-45164	342	3	of	of	ADP
cjfa-45164	342	4	finance	finance	NOUN
cjfa-45164	342	5	and	and	CCONJ
cjfa-45164	342	6	accounting	accounting	NOUN
cjfa-45164	342	7	,	,	PUNCT
cjfa-45164	342	8	10(4	10(4	NUM
cjfa-45164	342	9	)	)	PUNCT
cjfa-45164	342	10	,	,	PUNCT
cjfa-45164	342	11	9–25	9–25	PROPN
cjfa-45164	342	12	.	.	PUNCT
cjfa-45164	342	13	http://dx.doi.org/10.12775/cjfa.2021.012	http://dx.doi.org/10.12775/cjfa.2021.012	PROPN
cjfa-45164	342	14	.	.	PUNCT
cjfa-45164	343	1	babarinde	babarinde	PROPN
cjfa-45164	343	2	,	,	PUNCT
cjfa-45164	343	3	g.f	g.f	PROPN
cjfa-45164	343	4	.	.	PROPN
cjfa-45164	343	5	(	(	PUNCT
cjfa-45164	343	6	2021	2021	NUM
cjfa-45164	343	7	)	)	PUNCT
cjfa-45164	343	8	.	.	PUNCT
cjfa-45164	344	1	financial	financial	ADJ
cjfa-45164	344	2	inclusion	inclusion	NOUN
cjfa-45164	344	3	and	and	CCONJ
cjfa-45164	344	4	investment	investment	NOUN
cjfa-45164	344	5	in	in	ADP
cjfa-45164	344	6	nigeria	nigeria	PROPN
cjfa-45164	344	7	:	:	PUNCT
cjfa-45164	344	8	impact	impact	NOUN
cjfa-45164	344	9	and	and	CCONJ
cjfa-45164	344	10	causality	causality	NOUN
cjfa-45164	344	11	analysis	analysis	NOUN
cjfa-45164	344	12	.	.	PUNCT
cjfa-45164	345	1	paper	paper	NOUN
cjfa-45164	345	2	presented	present	VERB
cjfa-45164	345	3	at	at	ADP
cjfa-45164	345	4	the	the	DET
cjfa-45164	345	5	colmans	colman	NOUN
cjfa-45164	345	6	international	international	PROPN
cjfa-45164	345	7	conference	conference	NOUN
cjfa-45164	345	8	held	hold	VERB
cjfa-45164	345	9	at	at	ADP
cjfa-45164	345	10	bells	bell	NOUN
cjfa-45164	345	11	university	university	PROPN
cjfa-45164	345	12	of	of	ADP
cjfa-45164	345	13	technology	technology	NOUN
cjfa-45164	345	14	,	,	PUNCT
cjfa-45164	345	15	ota	ota	PROPN
cjfa-45164	345	16	nigeria	nigeria	PROPN
cjfa-45164	345	17	.	.	PUNCT
cjfa-45164	346	1	babarinde	babarinde	PROPN
cjfa-45164	346	2	,	,	PUNCT
cjfa-45164	346	3	g.f	g.f	PROPN
cjfa-45164	346	4	.	.	PROPN
cjfa-45164	346	5	,	,	PUNCT
cjfa-45164	346	6	ndaghu	ndaghu	PROPN
cjfa-45164	346	7	,	,	PUNCT
cjfa-45164	346	8	j.t	j.t	PROPN
cjfa-45164	346	9	.	.	PROPN
cjfa-45164	346	10	,	,	PUNCT
cjfa-45164	346	11	abdulmajeed	abdulmajeed	ADJ
cjfa-45164	346	12	,	,	PUNCT
cjfa-45164	346	13	t.i	t.i	PROPN
cjfa-45164	346	14	.	.	PROPN
cjfa-45164	346	15	,	,	PUNCT
cjfa-45164	346	16	&	&	CCONJ
cjfa-45164	346	17	enoruwa	enoruwa	PROPN
cjfa-45164	346	18	,	,	PUNCT
cjfa-45164	346	19	k.o	k.o	PROPN
cjfa-45164	346	20	.	.	PROPN
cjfa-45164	346	21	(	(	PUNCT
cjfa-45164	346	22	2021	2021	NUM
cjfa-45164	346	23	)	)	PUNCT
cjfa-45164	346	24	.	.	PUNCT
cjfa-45164	347	1	capital	capital	NOUN
cjfa-45164	347	2	market	market	NOUN
cjfa-45164	347	3	performance	performance	NOUN
cjfa-45164	347	4	:	:	PUNCT
cjfa-45164	347	5	its	its	PRON
cjfa-45164	347	6	implications	implication	NOUN
cjfa-45164	347	7	on	on	ADP
cjfa-45164	347	8	external	external	ADJ
cjfa-45164	347	9	trade	trade	NOUN
cjfa-45164	347	10	in	in	ADP
cjfa-45164	347	11	nigeria	nigeria	PROPN
cjfa-45164	347	12	.	.	PUNCT
cjfa-45164	348	1	paper	paper	NOUN
cjfa-45164	348	2	presented	present	VERB
cjfa-45164	348	3	at	at	ADP
cjfa-45164	348	4	the	the	DET
cjfa-45164	348	5	2nd	2nd	ADJ
cjfa-45164	348	6	international	international	ADJ
cjfa-45164	348	7	banking	banking	NOUN
cjfa-45164	348	8	and	and	CCONJ
cjfa-45164	348	9	finance	finance	NOUN
cjfa-45164	348	10	conference	conference	NOUN
cjfa-45164	348	11	held	hold	VERB
cjfa-45164	348	12	at	at	ADP
cjfa-45164	348	13	the	the	DET
cjfa-45164	348	14	university	university	PROPN
cjfa-45164	348	15	of	of	ADP
cjfa-45164	348	16	nigeria	nigeria	PROPN
cjfa-45164	348	17	,	,	PUNCT
cjfa-45164	348	18	enugu	enugu	PROPN
cjfa-45164	348	19	campus	campus	PROPN
cjfa-45164	348	20	,	,	PUNCT
cjfa-45164	348	21	nigeria	nigeria	PROPN
cjfa-45164	348	22	.	.	PUNCT
cjfa-45164	349	1	blake	blake	PROPN
cjfa-45164	349	2	,	,	PUNCT
cjfa-45164	349	3	m.	m.	NOUN
cjfa-45164	349	4	,	,	PUNCT
cjfa-45164	349	5	propson	propson	PROPN
cjfa-45164	349	6	,	,	PUNCT
cjfa-45164	349	7	d.	d.	PROPN
cjfa-45164	349	8	,	,	PUNCT
cjfa-45164	349	9	monteverde	monteverde	PROPN
cjfa-45164	349	10	,	,	PUNCT
cjfa-45164	349	11	c.	c.	PROPN
cjfa-45164	349	12	,	,	PUNCT
cjfa-45164	349	13	&	&	CCONJ
cjfa-45164	349	14	chidambaram	chidambaram	PROPN
cjfa-45164	349	15	,	,	PUNCT
cjfa-45164	349	16	m.	m.	NOUN
cjfa-45164	349	17	(	(	PUNCT
cjfa-45164	349	18	2018	2018	NUM
cjfa-45164	349	19	)	)	PUNCT
cjfa-45164	349	20	.	.	PUNCT
cjfa-45164	350	1	advancing	advance	VERB
cjfa-45164	350	2	financial	financial	ADJ
cjfa-45164	350	3	inclusion	inclusion	NOUN
cjfa-45164	350	4	metrics	metric	NOUN
cjfa-45164	350	5	:	:	PUNCT
cjfa-45164	350	6	shifting	shift	VERB
cjfa-45164	350	7	from	from	ADP
cjfa-45164	350	8	access	access	NOUN
cjfa-45164	350	9	to	to	ADP
cjfa-45164	350	10	economic	economic	ADJ
cjfa-45164	350	11	empowerment	empowerment	NOUN
cjfa-45164	350	12	(	(	PUNCT
cjfa-45164	350	13	white	white	ADJ
cjfa-45164	350	14	paper	paper	NOUN
cjfa-45164	350	15	)	)	PUNCT
cjfa-45164	350	16	.	.	PUNCT
cjfa-45164	351	1	switzerland	switzerland	PROPN
cjfa-45164	351	2	:	:	PUNCT
cjfa-45164	351	3	world	world	PROPN
cjfa-45164	351	4	economic	economic	PROPN
cjfa-45164	351	5	forum	forum	PROPN
cjfa-45164	351	6	and	and	CCONJ
cjfa-45164	351	7	tata	tata	NOUN
cjfa-45164	351	8	consultancy	consultancy	NOUN
cjfa-45164	351	9	services	service	NOUN
cjfa-45164	351	10	.	.	PUNCT
cjfa-45164	352	1	garcıa	garcıa	ADJ
cjfa-45164	352	2	-	-	PUNCT
cjfa-45164	352	3	ascanio	ascanio	PROPN
cjfa-45164	352	4	,	,	PUNCT
cjfa-45164	352	5	c.	c.	PROPN
cjfa-45164	352	6	,	,	PUNCT
cjfa-45164	352	7	&	&	CCONJ
cjfa-45164	352	8	mate	mate	NOUN
cjfa-45164	352	9	,	,	PUNCT
cjfa-45164	352	10	c.	c.	PROPN
cjfa-45164	352	11	(	(	PUNCT
cjfa-45164	352	12	2010	2010	NUM
cjfa-45164	352	13	)	)	PUNCT
cjfa-45164	352	14	.	.	PUNCT
cjfa-45164	353	1	electric	electric	ADJ
cjfa-45164	353	2	power	power	NOUN
cjfa-45164	353	3	demand	demand	NOUN
cjfa-45164	353	4	forecasting	forecasting	NOUN
cjfa-45164	353	5	using	use	VERB
cjfa-45164	353	6	interval	interval	NOUN
cjfa-45164	353	7	time	time	NOUN
cjfa-45164	353	8	series	series	PROPN
cjfa-45164	353	9	:	:	PUNCT
cjfa-45164	353	10	a	a	DET
cjfa-45164	353	11	comparison	comparison	NOUN
cjfa-45164	353	12	between	between	ADP
cjfa-45164	353	13	var	var	NOUN
cjfa-45164	353	14	and	and	CCONJ
cjfa-45164	353	15	imlp	imlp	NOUN
cjfa-45164	353	16	.	.	PUNCT
cjfa-45164	354	1	energy	energy	NOUN
cjfa-45164	354	2	policy	policy	NOUN
cjfa-45164	354	3	,	,	PUNCT
cjfa-45164	354	4	38	38	NUM
cjfa-45164	354	5	,	,	PUNCT
cjfa-45164	354	6	715–725	715–725	NUM
cjfa-45164	354	7	.	.	PUNCT
cjfa-45164	355	1	http://dx.doi.org/10.1016/j.enpol.2009.10.007	http://dx.doi.org/10.1016/j.enpol.2009.10.007	PROPN
cjfa-45164	355	2	.	.	PUNCT
cjfa-45164	356	1	gujarati	gujarati	PROPN
cjfa-45164	356	2	,	,	PUNCT
cjfa-45164	356	3	d.n	d.n	PROPN
cjfa-45164	356	4	.	.	PROPN
cjfa-45164	356	5	,	,	PUNCT
cjfa-45164	356	6	&	&	CCONJ
cjfa-45164	356	7	porter	porter	PROPN
cjfa-45164	356	8	,	,	PUNCT
cjfa-45164	356	9	d.c	d.c	PROPN
cjfa-45164	356	10	.	.	PUNCT
cjfa-45164	356	11	(	(	PUNCT
cjfa-45164	356	12	2018	2018	NUM
cjfa-45164	356	13	)	)	PUNCT
cjfa-45164	356	14	.	.	PUNCT
cjfa-45164	357	1	basic	basic	ADJ
cjfa-45164	357	2	econometrics	econometric	NOUN
cjfa-45164	357	3	(	(	PUNCT
cjfa-45164	357	4	5th	5th	ADJ
cjfa-45164	357	5	ed	ed	NOUN
cjfa-45164	357	6	.	.	PUNCT
cjfa-45164	357	7	)	)	PUNCT
cjfa-45164	357	8	.	.	PUNCT
cjfa-45164	358	1	mcgraw	mcgraw	PROPN
cjfa-45164	358	2	-	-	PUNCT
cjfa-45164	358	3	hill	hill	NOUN
cjfa-45164	358	4	companies	company	NOUN
cjfa-45164	358	5	:	:	PUNCT
cjfa-45164	358	6	new	new	PROPN
cjfa-45164	358	7	york	york	PROPN
cjfa-45164	358	8	.	.	PUNCT
cjfa-45164	359	1	islam	islam	PROPN
cjfa-45164	359	2	,	,	PUNCT
cjfa-45164	359	3	m.	m.	NOUN
cjfa-45164	359	4	(	(	PUNCT
cjfa-45164	359	5	2018	2018	NUM
cjfa-45164	359	6	)	)	PUNCT
cjfa-45164	359	7	.	.	PUNCT
cjfa-45164	360	1	implications	implication	NOUN
cjfa-45164	360	2	of	of	ADP
cjfa-45164	360	3	financial	financial	ADJ
cjfa-45164	360	4	inclusion	inclusion	NOUN
cjfa-45164	360	5	in	in	ADP
cjfa-45164	360	6	a	a	DET
cjfa-45164	360	7	country	country	NOUN
cjfa-45164	360	8	’s	’s	PART
cjfa-45164	360	9	economic	economic	ADJ
cjfa-45164	360	10	development	development	NOUN
cjfa-45164	360	11	:	:	PUNCT
cjfa-45164	360	12	a	a	DET
cjfa-45164	360	13	study	study	NOUN
cjfa-45164	360	14	on	on	ADP
cjfa-45164	360	15	south	south	PROPN
cjfa-45164	360	16	asia	asia	PROPN
cjfa-45164	360	17	(	(	PUNCT
cjfa-45164	360	18	bangladesh	bangladesh	PROPN
cjfa-45164	360	19	)	)	PUNCT
cjfa-45164	360	20	.	.	PUNCT
cjfa-45164	361	1	european	european	PROPN
cjfa-45164	361	2	journal	journal	PROPN
cjfa-45164	361	3	of	of	ADP
cjfa-45164	361	4	business	business	NOUN
cjfa-45164	361	5	and	and	CCONJ
cjfa-45164	361	6	management	management	NOUN
cjfa-45164	361	7	,	,	PUNCT
cjfa-45164	361	8	10(5	10(5	NUM
cjfa-45164	361	9	)	)	PUNCT
cjfa-45164	361	10	,	,	PUNCT
cjfa-45164	361	11	46–54	46–54	NUM
cjfa-45164	361	12	.	.	PUNCT
cjfa-45164	362	1	johansen	johansen	PROPN
cjfa-45164	362	2	,	,	PUNCT
cjfa-45164	362	3	s.	s.	PROPN
cjfa-45164	362	4	(	(	PUNCT
cjfa-45164	362	5	1991	1991	NUM
cjfa-45164	362	6	)	)	PUNCT
cjfa-45164	362	7	.	.	PUNCT
cjfa-45164	363	1	estimation	estimation	NOUN
cjfa-45164	363	2	and	and	CCONJ
cjfa-45164	363	3	hypothesis	hypothesis	NOUN
cjfa-45164	363	4	testing	testing	NOUN
cjfa-45164	363	5	of	of	ADP
cjfa-45164	363	6	cointegration	cointegration	NOUN
cjfa-45164	363	7	vectors	vector	NOUN
cjfa-45164	363	8	in	in	ADP
cjfa-45164	363	9	gaussian	gaussian	ADJ
cjfa-45164	363	10	vector	vector	NOUN
cjfa-45164	363	11	autoregressive	autoregressive	ADJ
cjfa-45164	363	12	models	model	NOUN
cjfa-45164	363	13	.	.	PUNCT
cjfa-45164	364	1	econometrica	econometrica	PROPN
cjfa-45164	364	2	,	,	PUNCT
cjfa-45164	364	3	59	59	NUM
cjfa-45164	364	4	,	,	PUNCT
cjfa-45164	364	5	1551–1580	1551–1580	NUM
cjfa-45164	364	6	.	.	PUNCT
cjfa-45164	364	7	lakshmanasamy	lakshmanasamy	PROPN
cjfa-45164	364	8	,	,	PUNCT
cjfa-45164	364	9	t.	t.	PROPN
cjfa-45164	364	10	(	(	PUNCT
cjfa-45164	364	11	2020	2020	NUM
cjfa-45164	364	12	)	)	PUNCT
cjfa-45164	364	13	.	.	PUNCT
cjfa-45164	365	1	financial	financial	ADJ
cjfa-45164	365	2	inclusion	inclusion	NOUN
cjfa-45164	365	3	in	in	ADP
cjfa-45164	365	4	the	the	DET
cjfa-45164	365	5	states	state	NOUN
cjfa-45164	365	6	of	of	ADP
cjfa-45164	365	7	india	india	PROPN
cjfa-45164	365	8	:	:	PUNCT
cjfa-45164	365	9	a	a	DET
cjfa-45164	365	10	panel	panel	NOUN
cjfa-45164	365	11	data	data	VERB
cjfa-45164	365	12	analysis	analysis	NOUN
cjfa-45164	365	13	of	of	ADP
cjfa-45164	365	14	accounts	account	NOUN
cjfa-45164	365	15	penetration	penetration	NOUN
cjfa-45164	365	16	.	.	PUNCT
cjfa-45164	366	1	journal	journal	PROPN
cjfa-45164	366	2	of	of	ADP
cjfa-45164	366	3	development	development	NOUN
cjfa-45164	366	4	economics	economic	NOUN
cjfa-45164	366	5	and	and	CCONJ
cjfa-45164	366	6	finance	finance	NOUN
cjfa-45164	366	7	,	,	PUNCT
cjfa-45164	366	8	1(2	1(2	NUM
cjfa-45164	366	9	)	)	PUNCT
cjfa-45164	366	10	,	,	PUNCT
cjfa-45164	366	11	209–225	209–225	NUM
cjfa-45164	366	12	.	.	PUNCT
cjfa-45164	367	1	g.f	g.f	PROPN
cjfa-45164	367	2	.	.	PROPN
cjfa-45164	367	3	babarinde	babarinde	PROPN
cjfa-45164	367	4	,	,	PUNCT
cjfa-45164	367	5	b.a	b.a	PROPN
cjfa-45164	367	6	.	.	PROPN
cjfa-45164	367	7	daneji	daneji	PROPN
cjfa-45164	367	8	,	,	PUNCT
cjfa-45164	367	9	m.a	m.a	PROPN
cjfa-45164	367	10	.	.	PROPN
cjfa-45164	367	11	jalloh	jalloh	PROPN
cjfa-45164	367	12	,	,	PUNCT
cjfa-45164	367	13	t.i	t.i	PROPN
cjfa-45164	367	14	.	.	PROPN
cjfa-45164	367	15	abdulmajeed2626	abdulmajeed2626	PROPN
cjfa-45164	367	16	lesotho	lesotho	PROPN
cjfa-45164	367	17	,	,	PUNCT
cjfa-45164	367	18	o.k	o.k	PROPN
cjfa-45164	367	19	.	.	PROPN
cjfa-45164	367	20	,	,	PUNCT
cjfa-45164	367	21	motlaleng	motlaleng	PROPN
cjfa-45164	367	22	,	,	PUNCT
cjfa-45164	367	23	g.r	g.r	PROPN
cjfa-45164	367	24	.	.	PROPN
cjfa-45164	367	25	,	,	PUNCT
cjfa-45164	367	26	&	&	CCONJ
cjfa-45164	367	27	ntsosa	ntsosa	PROPN
cjfa-45164	367	28	,	,	PUNCT
cjfa-45164	367	29	m.m	m.m	PROPN
cjfa-45164	367	30	.	.	PROPN
cjfa-45164	367	31	(	(	PUNCT
cjfa-45164	367	32	2016	2016	NUM
cjfa-45164	367	33	)	)	PUNCT
cjfa-45164	367	34	.	.	PUNCT
cjfa-45164	368	1	stock	stock	NOUN
cjfa-45164	368	2	market	market	NOUN
cjfa-45164	368	3	returns	return	NOUN
cjfa-45164	368	4	and	and	CCONJ
cjfa-45164	368	5	exchange	exchange	NOUN
cjfa-45164	368	6	rates	rate	NOUN
cjfa-45164	368	7	in	in	ADP
cjfa-45164	368	8	botswana	botswana	PROPN
cjfa-45164	368	9	.	.	PUNCT
cjfa-45164	369	1	african	african	ADJ
cjfa-45164	369	2	journal	journal	PROPN
cjfa-45164	369	3	of	of	ADP
cjfa-45164	369	4	economic	economic	ADJ
cjfa-45164	369	5	review	review	NOUN
cjfa-45164	369	6	,	,	PUNCT
cjfa-45164	369	7	4(2	4(2	NUM
cjfa-45164	369	8	)	)	PUNCT
cjfa-45164	369	9	,	,	PUNCT
cjfa-45164	369	10	16–42	16–42	NUM
cjfa-45164	369	11	.	.	PUNCT
cjfa-45164	369	12	migap	migap	PROPN
cjfa-45164	369	13	,	,	PUNCT
cjfa-45164	369	14	j.p	j.p	PROPN
cjfa-45164	369	15	.	.	PROPN
cjfa-45164	369	16	,	,	PUNCT
cjfa-45164	369	17	ngutsav	ngutsav	PROPN
cjfa-45164	369	18	,	,	PUNCT
cjfa-45164	369	19	a.	a.	PROPN
cjfa-45164	369	20	,	,	PUNCT
cjfa-45164	369	21	&	&	CCONJ
cjfa-45164	369	22	andohol	andohol	PROPN
cjfa-45164	369	23	,	,	PUNCT
cjfa-45164	369	24	j.	j.	PROPN
cjfa-45164	369	25	(	(	PUNCT
cjfa-45164	369	26	2020	2020	NUM
cjfa-45164	369	27	)	)	PUNCT
cjfa-45164	369	28	.	.	PUNCT
cjfa-45164	370	1	a	a	DET
cjfa-45164	370	2	causal	causal	ADJ
cjfa-45164	370	3	analysis	analysis	NOUN
cjfa-45164	370	4	of	of	ADP
cjfa-45164	370	5	financial	financial	ADJ
cjfa-45164	370	6	inclusion	inclusion	NOUN
cjfa-45164	370	7	,	,	PUNCT
cjfa-45164	370	8	capital	capital	NOUN
cjfa-45164	370	9	market	market	NOUN
cjfa-45164	370	10	and	and	CCONJ
cjfa-45164	370	11	economic	economic	ADJ
cjfa-45164	370	12	growth	growth	NOUN
cjfa-45164	370	13	in	in	ADP
cjfa-45164	370	14	nigeria	nigeria	PROPN
cjfa-45164	370	15	.	.	PUNCT
cjfa-45164	371	1	confluence	confluence	NOUN
cjfa-45164	371	2	journal	journal	PROPN
cjfa-45164	371	3	of	of	ADP
cjfa-45164	371	4	economics	economic	NOUN
cjfa-45164	371	5	and	and	CCONJ
cjfa-45164	371	6	allied	ally	VERB
cjfa-45164	371	7	sciences	science	NOUN
cjfa-45164	371	8	,	,	PUNCT
cjfa-45164	371	9	3(3	3(3	NUM
cjfa-45164	371	10	)	)	PUNCT
cjfa-45164	371	11	,	,	PUNCT
cjfa-45164	371	12	1–14	1–14	PROPN
cjfa-45164	371	13	.	.	PUNCT
cjfa-45164	371	14	morgan	morgan	PROPN
cjfa-45164	371	15	,	,	PUNCT
cjfa-45164	371	16	p.	p.	PROPN
cjfa-45164	371	17	,	,	PUNCT
cjfa-45164	371	18	&	&	CCONJ
cjfa-45164	371	19	pontines	pontine	NOUN
cjfa-45164	371	20	,	,	PUNCT
cjfa-45164	371	21	v.	v.	PROPN
cjfa-45164	371	22	(	(	PUNCT
cjfa-45164	371	23	2014	2014	NUM
cjfa-45164	371	24	)	)	PUNCT
cjfa-45164	371	25	.	.	PUNCT
cjfa-45164	372	1	financial	financial	ADJ
cjfa-45164	372	2	stability	stability	NOUN
cjfa-45164	372	3	and	and	CCONJ
cjfa-45164	372	4	financial	financial	ADJ
cjfa-45164	372	5	inclusion	inclusion	NOUN
cjfa-45164	372	6	.	.	PUNCT
cjfa-45164	373	1	adbi	adbi	ADJ
cjfa-45164	373	2	working	working	NOUN
cjfa-45164	373	3	paper	paper	NOUN
cjfa-45164	373	4	,	,	PUNCT
cjfa-45164	373	5	488	488	NUM
cjfa-45164	373	6	.	.	PUNCT
cjfa-45164	374	1	http://www.adbi.org/working-paper/2014/07/07/6353.financial	http://www.adbi.org/working-paper/2014/07/07/6353.financial	PROPN
cjfa-45164	374	2	.	.	PUNCT
cjfa-45164	375	1	stability.inclusion	stability.inclusion	NOUN
cjfa-45164	375	2	.	.	PUNCT
cjfa-45164	376	1	nwude	nwude	PROPN
cjfa-45164	376	2	,	,	PUNCT
cjfa-45164	376	3	e.c	e.c	PROPN
cjfa-45164	376	4	.	.	PROPN
cjfa-45164	376	5	(	(	PUNCT
cjfa-45164	376	6	2018	2018	NUM
cjfa-45164	376	7	)	)	PUNCT
cjfa-45164	376	8	.	.	PUNCT
cjfa-45164	377	1	investment	investment	NOUN
cjfa-45164	377	2	analysis	analysis	NOUN
cjfa-45164	377	3	and	and	CCONJ
cjfa-45164	377	4	portfolio	portfolio	NOUN
cjfa-45164	377	5	management	management	NOUN
cjfa-45164	377	6	.	.	PUNCT
cjfa-45164	378	1	enugu	enugu	PROPN
cjfa-45164	378	2	:	:	PUNCT
cjfa-45164	378	3	el-‘demak	el-‘demak	PROPN
cjfa-45164	378	4	.	.	PROPN
cjfa-45164	378	5	ofori	ofori	NOUN
cjfa-45164	378	6	-	-	PUNCT
cjfa-45164	378	7	abebrese	abebrese	ADJ
cjfa-45164	378	8	,	,	PUNCT
cjfa-45164	378	9	g.	g.	PROPN
cjfa-45164	378	10	,	,	PUNCT
cjfa-45164	378	11	baidoo	baidoo	PROPN
cjfa-45164	378	12	,	,	PUNCT
cjfa-45164	378	13	s.t	s.t	PROPN
cjfa-45164	378	14	.	.	PROPN
cjfa-45164	378	15	,	,	PUNCT
cjfa-45164	378	16	&	&	CCONJ
cjfa-45164	378	17	essiam	essiam	PROPN
cjfa-45164	378	18	,	,	PUNCT
cjfa-45164	378	19	e.	e.	PROPN
cjfa-45164	378	20	(	(	PUNCT
cjfa-45164	378	21	2020	2020	NUM
cjfa-45164	378	22	)	)	PUNCT
cjfa-45164	378	23	.	.	PUNCT
cjfa-45164	379	1	estimating	estimate	VERB
cjfa-45164	379	2	the	the	DET
cjfa-45164	379	3	effects	effect	NOUN
cjfa-45164	379	4	of	of	ADP
cjfa-45164	379	5	financial	financial	ADJ
cjfa-45164	379	6	inclusion	inclusion	NOUN
cjfa-45164	379	7	on	on	ADP
cjfa-45164	379	8	welfare	welfare	NOUN
cjfa-45164	379	9	in	in	ADP
cjfa-45164	379	10	sub	sub	ADJ
cjfa-45164	379	11	-	-	ADJ
cjfa-45164	379	12	saharan	saharan	ADJ
cjfa-45164	379	13	africa	africa	PROPN
cjfa-45164	379	14	.	.	PUNCT
cjfa-45164	380	1	cogent	cogent	NOUN
cjfa-45164	380	2	business	business	NOUN
cjfa-45164	380	3	and	and	CCONJ
cjfa-45164	380	4	management	management	NOUN
cjfa-45164	380	5	,	,	PUNCT
cjfa-45164	380	6	7	7	NUM
cjfa-45164	380	7	,	,	PUNCT
cjfa-45164	380	8	1839164	1839164	NUM
cjfa-45164	380	9	.	.	PUNCT
cjfa-45164	381	1	http://dx.doi.org/10.1080/23311975.2020.1839164	http://dx.doi.org/10.1080/23311975.2020.1839164	NOUN
cjfa-45164	381	2	.	.	PUNCT
cjfa-45164	382	1	ogbeide	ogbeide	ADJ
cjfa-45164	382	2	,	,	PUNCT
cjfa-45164	382	3	s.o	s.o	PROPN
cjfa-45164	382	4	.	.	PROPN
cjfa-45164	382	5	,	,	PUNCT
cjfa-45164	382	6	&	&	CCONJ
cjfa-45164	382	7	igbinigie	igbinigie	PROPN
cjfa-45164	382	8	,	,	PUNCT
cjfa-45164	382	9	o.o	o.o	PROPN
cjfa-45164	382	10	.	.	PROPN
cjfa-45164	382	11	(	(	PUNCT
cjfa-45164	382	12	2019	2019	NUM
cjfa-45164	382	13	)	)	PUNCT
cjfa-45164	382	14	.	.	PUNCT
cjfa-45164	383	1	financial	financial	ADJ
cjfa-45164	383	2	inclusion	inclusion	NOUN
cjfa-45164	383	3	and	and	CCONJ
cjfa-45164	383	4	poverty	poverty	NOUN
cjfa-45164	383	5	alleviation	alleviation	NOUN
cjfa-45164	383	6	in	in	ADP
cjfa-45164	383	7	nigeria	nigeria	PROPN
cjfa-45164	383	8	.	.	PUNCT
cjfa-45164	384	1	accounting	accounting	NOUN
cjfa-45164	384	2	and	and	CCONJ
cjfa-45164	384	3	taxation	taxation	NOUN
cjfa-45164	384	4	review	review	NOUN
cjfa-45164	384	5	,	,	PUNCT
cjfa-45164	384	6	3(1	3(1	NUM
cjfa-45164	384	7	)	)	PUNCT
cjfa-45164	384	8	,	,	PUNCT
cjfa-45164	384	9	42–54	42–54	NUM
cjfa-45164	384	10	okoye	okoye	PROPN
cjfa-45164	384	11	,	,	PUNCT
cjfa-45164	384	12	l.u	l.u	PROPN
cjfa-45164	384	13	.	.	PROPN
cjfa-45164	384	14	,	,	PUNCT
cjfa-45164	384	15	adetiloye	adetiloye	PROPN
cjfa-45164	384	16	,	,	PUNCT
cjfa-45164	384	17	k.a	k.a	PROPN
cjfa-45164	384	18	.	.	PROPN
cjfa-45164	384	19	,	,	PUNCT
cjfa-45164	384	20	erin	erin	PROPN
cjfa-45164	384	21	,	,	PUNCT
cjfa-45164	384	22	o.	o.	PROPN
cjfa-45164	384	23	,	,	PUNCT
cjfa-45164	384	24	&	&	CCONJ
cjfa-45164	384	25	modebe	modebe	PROPN
cjfa-45164	384	26	,	,	PUNCT
cjfa-45164	384	27	n.j	n.j	PROPN
cjfa-45164	384	28	.	.	PROPN
cjfa-45164	384	29	(	(	PUNCT
cjfa-45164	384	30	2016	2016	NUM
cjfa-45164	384	31	)	)	PUNCT
cjfa-45164	384	32	.	.	PUNCT
cjfa-45164	385	1	financial	financial	ADJ
cjfa-45164	385	2	inclusion	inclusion	NOUN
cjfa-45164	385	3	:	:	PUNCT
cjfa-45164	385	4	a	a	DET
cjfa-45164	385	5	panacea	panacea	NOUN
cjfa-45164	385	6	for	for	ADP
cjfa-45164	385	7	balanced	balanced	ADJ
cjfa-45164	385	8	economic	economic	ADJ
cjfa-45164	385	9	development	development	NOUN
cjfa-45164	385	10	.	.	PUNCT
cjfa-45164	386	1	ibima	ibima	PROPN
cjfa-45164	386	2	conference	conference	PROPN
cjfa-45164	386	3	,	,	PUNCT
cjfa-45164	386	4	28	28	NUM
cjfa-45164	386	5	,	,	PUNCT
cjfa-45164	386	6	4384–4394	4384–4394	NUM
cjfa-45164	386	7	.	.	PUNCT
cjfa-45164	387	1	omar	omar	PROPN
cjfa-45164	387	2	,	,	PUNCT
cjfa-45164	387	3	m.a	m.a	PROPN
cjfa-45164	387	4	.	.	PROPN
cjfa-45164	387	5	,	,	PUNCT
cjfa-45164	387	6	&	&	CCONJ
cjfa-45164	387	7	inaba	inaba	PROPN
cjfa-45164	387	8	,	,	PUNCT
cjfa-45164	387	9	k.	k.	PROPN
cjfa-45164	387	10	(	(	PUNCT
cjfa-45164	387	11	2020	2020	NUM
cjfa-45164	387	12	)	)	PUNCT
cjfa-45164	387	13	.	.	PUNCT
cjfa-45164	388	1	does	do	AUX
cjfa-45164	388	2	financial	financial	ADJ
cjfa-45164	388	3	inclusion	inclusion	NOUN
cjfa-45164	388	4	reduce	reduce	VERB
cjfa-45164	388	5	poverty	poverty	NOUN
cjfa-45164	388	6	and	and	CCONJ
cjfa-45164	388	7	income	income	NOUN
cjfa-45164	388	8	inequality	inequality	NOUN
cjfa-45164	388	9	in	in	ADP
cjfa-45164	388	10	developing	develop	VERB
cjfa-45164	388	11	countries	country	NOUN
cjfa-45164	388	12	?	?	PUNCT
cjfa-45164	389	1	a	a	DET
cjfa-45164	389	2	panel	panel	NOUN
cjfa-45164	389	3	data	data	VERB
cjfa-45164	389	4	analysis	analysis	NOUN
cjfa-45164	389	5	.	.	PUNCT
cjfa-45164	390	1	economic	economic	ADJ
cjfa-45164	390	2	structures	structure	NOUN
cjfa-45164	390	3	,	,	PUNCT
cjfa-45164	390	4	9(37	9(37	NUM
cjfa-45164	390	5	)	)	PUNCT
cjfa-45164	390	6	,	,	PUNCT
cjfa-45164	390	7	1–25	1–25	PROPN
cjfa-45164	390	8	.	.	PUNCT
cjfa-45164	390	9	http://dx.doi.org/10.1186/s40008-020-00214-4	http://dx.doi.org/10.1186/s40008-020-00214-4	PROPN
cjfa-45164	390	10	.	.	PUNCT
cjfa-45164	391	1	ozili	ozili	PROPN
cjfa-45164	391	2	,	,	PUNCT
cjfa-45164	391	3	p.k	p.k	PROPN
cjfa-45164	391	4	.	.	PROPN
cjfa-45164	391	5	(	(	PUNCT
cjfa-45164	391	6	2018	2018	NUM
cjfa-45164	391	7	)	)	PUNCT
cjfa-45164	391	8	.	.	PUNCT
cjfa-45164	392	1	impact	impact	NOUN
cjfa-45164	392	2	of	of	ADP
cjfa-45164	392	3	digital	digital	ADJ
cjfa-45164	392	4	finance	finance	NOUN
cjfa-45164	392	5	on	on	ADP
cjfa-45164	392	6	financial	financial	ADJ
cjfa-45164	392	7	inclusion	inclusion	NOUN
cjfa-45164	392	8	and	and	CCONJ
cjfa-45164	392	9	stability	stability	NOUN
cjfa-45164	392	10	.	.	PUNCT
cjfa-45164	393	1	borsa	borsa	PROPN
cjfa-45164	393	2	istanbul	istanbul	PROPN
cjfa-45164	393	3	review	review	PROPN
cjfa-45164	393	4	,	,	PUNCT
cjfa-45164	393	5	18(4	18(4	NUM
cjfa-45164	393	6	)	)	PUNCT
cjfa-45164	393	7	,	,	PUNCT
cjfa-45164	393	8	329–340	329–340	NUM
cjfa-45164	393	9	.	.	PUNCT
cjfa-45164	393	10	ozili	ozili	PROPN
cjfa-45164	393	11	,	,	PUNCT
cjfa-45164	393	12	p.k	p.k	PROPN
cjfa-45164	393	13	.	.	PROPN
cjfa-45164	393	14	(	(	PUNCT
cjfa-45164	393	15	2020a	2020a	NUM
cjfa-45164	393	16	)	)	PUNCT
cjfa-45164	393	17	.	.	PUNCT
cjfa-45164	394	1	financial	financial	ADJ
cjfa-45164	394	2	inclusion	inclusion	NOUN
cjfa-45164	394	3	in	in	ADP
cjfa-45164	394	4	nigeria	nigeria	PROPN
cjfa-45164	394	5	:	:	PUNCT
cjfa-45164	394	6	determinants	determinant	NOUN
cjfa-45164	394	7	,	,	PUNCT
cjfa-45164	394	8	challenges	challenge	NOUN
cjfa-45164	394	9	and	and	CCONJ
cjfa-45164	394	10	achievements	achievement	NOUN
cjfa-45164	394	11	.	.	PUNCT
cjfa-45164	395	1	mpra	mpra	PROPN
cjfa-45164	395	2	paper	paper	PROPN
cjfa-45164	395	3	working	working	NOUN
cjfa-45164	395	4	,	,	PUNCT
cjfa-45164	395	5	99173	99173	NUM
cjfa-45164	395	6	.	.	PUNCT
cjfa-45164	396	1	https://mpra.ub.uni-muenchen.de/99173	https://mpra.ub.uni-muenchen.de/99173	PROPN
cjfa-45164	396	2	.	.	PROPN
cjfa-45164	396	3	ozili	ozili	PROPN
cjfa-45164	396	4	,	,	PUNCT
cjfa-45164	396	5	p.k	p.k	PROPN
cjfa-45164	396	6	.	.	PUNCT
cjfa-45164	396	7	(	(	PUNCT
cjfa-45164	396	8	2020b	2020b	NUM
cjfa-45164	396	9	)	)	PUNCT
cjfa-45164	396	10	.	.	PUNCT
cjfa-45164	397	1	theories	theory	NOUN
cjfa-45164	397	2	of	of	ADP
cjfa-45164	397	3	financial	financial	ADJ
cjfa-45164	397	4	inclusion	inclusion	NOUN
cjfa-45164	397	5	.	.	PUNCT
cjfa-45164	398	1	working	work	VERB
cjfa-45164	398	2	paper	paper	PROPN
cjfa-45164	398	3	ssrn	ssrn	NOUN
cjfa-45164	398	4	,	,	PUNCT
cjfa-45164	398	5	3526548	3526548	NUM
cjfa-45164	398	6	.	.	PUNCT
cjfa-45164	399	1	http://	http://	PROPN
cjfa-45164	399	2	dx.doi.org/10.2139/ssrn.3526548	dx.doi.org/10.2139/ssrn.3526548	PROPN
cjfa-45164	399	3	.	.	PUNCT
cjfa-45164	400	1	ratnawati	ratnawati	PROPN
cjfa-45164	400	2	,	,	PUNCT
cjfa-45164	400	3	k.	k.	PROPN
cjfa-45164	400	4	(	(	PUNCT
cjfa-45164	400	5	2020	2020	NUM
cjfa-45164	400	6	)	)	PUNCT
cjfa-45164	400	7	.	.	PUNCT
cjfa-45164	401	1	the	the	DET
cjfa-45164	401	2	impact	impact	NOUN
cjfa-45164	401	3	of	of	ADP
cjfa-45164	401	4	financial	financial	ADJ
cjfa-45164	401	5	inclusion	inclusion	NOUN
cjfa-45164	401	6	on	on	ADP
cjfa-45164	401	7	economic	economic	ADJ
cjfa-45164	401	8	growth	growth	NOUN
cjfa-45164	401	9	,	,	PUNCT
cjfa-45164	401	10	poverty	poverty	NOUN
cjfa-45164	401	11	,	,	PUNCT
cjfa-45164	401	12	income	income	NOUN
cjfa-45164	401	13	inequality	inequality	NOUN
cjfa-45164	401	14	and	and	CCONJ
cjfa-45164	401	15	financial	financial	ADJ
cjfa-45164	401	16	stability	stability	NOUN
cjfa-45164	401	17	in	in	ADP
cjfa-45164	401	18	asia	asia	PROPN
cjfa-45164	401	19	.	.	PUNCT
cjfa-45164	401	20	journal	journal	PROPN
cjfa-45164	401	21	of	of	ADP
cjfa-45164	401	22	asian	asian	ADJ
cjfa-45164	401	23	finance	finance	NOUN
cjfa-45164	401	24	,	,	PUNCT
cjfa-45164	401	25	economics	economic	NOUN
cjfa-45164	401	26	and	and	CCONJ
cjfa-45164	401	27	business	business	NOUN
cjfa-45164	401	28	,	,	PUNCT
cjfa-45164	401	29	7(10	7(10	NUM
cjfa-45164	401	30	)	)	PUNCT
cjfa-45164	401	31	,	,	PUNCT
cjfa-45164	401	32	73–85	73–85	PROPN
cjfa-45164	401	33	.	.	PUNCT
cjfa-45164	402	1	http://dx.doi.org/10.13106/jafeb.2020.vol7.no10.073	http://dx.doi.org/10.13106/jafeb.2020.vol7.no10.073	NOUN
cjfa-45164	402	2	.	.	PUNCT
cjfa-45164	403	1	rummel	rummel	PROPN
cjfa-45164	403	2	,	,	PUNCT
cjfa-45164	403	3	o.	o.	PROPN
cjfa-45164	403	4	(	(	PUNCT
cjfa-45164	403	5	2015	2015	NUM
cjfa-45164	403	6	)	)	PUNCT
cjfa-45164	403	7	.	.	PUNCT
cjfa-45164	404	1	economic	economic	ADJ
cjfa-45164	404	2	modelling	modelling	NOUN
cjfa-45164	404	3	and	and	CCONJ
cjfa-45164	404	4	forecasting	forecasting	NOUN
cjfa-45164	404	5	:	:	PUNCT
cjfa-45164	404	6	var	var	NOUN
cjfa-45164	404	7	,	,	PUNCT
cjfa-45164	404	8	svar	svar	PROPN
cjfa-45164	404	9	and	and	CCONJ
cjfa-45164	404	10	vecm	vecm	VERB
cjfa-45164	404	11	modelling	modelling	NOUN
cjfa-45164	404	12	.	.	PUNCT
cjfa-45164	405	1	england	england	PROPN
cjfa-45164	405	2	:	:	PUNCT
cjfa-45164	405	3	bank	bank	PROPN
cjfa-45164	405	4	of	of	ADP
cjfa-45164	405	5	england	england	PROPN
cjfa-45164	405	6	centre	centre	PROPN
cjfa-45164	405	7	for	for	ADP
cjfa-45164	405	8	central	central	ADJ
cjfa-45164	405	9	banking	banking	NOUN
cjfa-45164	405	10	studies	study	NOUN
cjfa-45164	405	11	.	.	PUNCT
cjfa-45164	406	1	sims	sim	NOUN
cjfa-45164	406	2	,	,	PUNCT
cjfa-45164	406	3	c.a	c.a	PROPN
cjfa-45164	406	4	.	.	PROPN
cjfa-45164	406	5	(	(	PUNCT
cjfa-45164	406	6	1980	1980	NUM
cjfa-45164	406	7	)	)	PUNCT
cjfa-45164	406	8	.	.	PUNCT
cjfa-45164	407	1	macroeconomics	macroeconomic	NOUN
cjfa-45164	407	2	and	and	CCONJ
cjfa-45164	407	3	reality	reality	NOUN
cjfa-45164	407	4	.	.	PUNCT
cjfa-45164	408	1	econometrica	econometrica	PROPN
cjfa-45164	408	2	,	,	PUNCT
cjfa-45164	408	3	48(1	48(1	NOUN
cjfa-45164	408	4	)	)	PUNCT
cjfa-45164	408	5	,	,	PUNCT
cjfa-45164	408	6	1–48	1–48	NOUN
cjfa-45164	408	7	.	.	PUNCT
cjfa-45164	409	1	http://	http://	PROPN
cjfa-45164	409	2	dx.doi.org/10.2307/1912017	dx.doi.org/10.2307/1912017	NOUN
cjfa-45164	409	3	.	.	PUNCT
cjfa-45164	410	1	suharsono	suharsono	PROPN
cjfa-45164	410	2	,	,	PUNCT
cjfa-45164	410	3	a.	a.	PROPN
cjfa-45164	410	4	,	,	PUNCT
cjfa-45164	410	5	aziza	aziza	PROPN
cjfa-45164	410	6	,	,	PUNCT
cjfa-45164	410	7	a.	a.	PROPN
cjfa-45164	410	8	,	,	PUNCT
cjfa-45164	410	9	&	&	CCONJ
cjfa-45164	410	10	pramesti	pramesti	PROPN
cjfa-45164	410	11	,	,	PUNCT
cjfa-45164	410	12	w.	w.	NOUN
cjfa-45164	410	13	(	(	PUNCT
cjfa-45164	410	14	2017	2017	NUM
cjfa-45164	410	15	)	)	PUNCT
cjfa-45164	410	16	.	.	PUNCT
cjfa-45164	411	1	comparison	comparison	NOUN
cjfa-45164	411	2	of	of	ADP
cjfa-45164	411	3	vector	vector	NOUN
cjfa-45164	411	4	autoregressive	autoregressive	ADJ
cjfa-45164	411	5	(	(	PUNCT
cjfa-45164	411	6	var	var	NOUN
cjfa-45164	411	7	)	)	PUNCT
cjfa-45164	411	8	and	and	CCONJ
cjfa-45164	411	9	vector	vector	NOUN
cjfa-45164	411	10	error	error	NOUN
cjfa-45164	411	11	correction	correction	NOUN
cjfa-45164	411	12	models	model	NOUN
cjfa-45164	411	13	(	(	PUNCT
cjfa-45164	411	14	vecm	vecm	NOUN
cjfa-45164	411	15	)	)	PUNCT
cjfa-45164	411	16	for	for	ADP
cjfa-45164	411	17	index	index	NOUN
cjfa-45164	411	18	of	of	ADP
cjfa-45164	411	19	asean	asean	ADJ
cjfa-45164	411	20	stock	stock	NOUN
cjfa-45164	411	21	price	price	NOUN
cjfa-45164	411	22	.	.	PUNCT
cjfa-45164	412	1	aip	aip	PROPN
cjfa-45164	412	2	conference	conference	NOUN
cjfa-45164	412	3	proceedings	proceeding	NOUN
cjfa-45164	412	4	,	,	PUNCT
cjfa-45164	412	5	1913	1913	NUM
cjfa-45164	412	6	.	.	PUNCT
cjfa-45164	413	1	http://dx.doi.org/10.1063/1.5016666	http://dx.doi.org/10.1063/1.5016666	PROPN
cjfa-45164	413	2	.	.	PUNCT