id	sid	tid	token	lemma	pos
dem-18451	1	1	microsoft	microsoft	PROPN
dem-18451	1	2	word	word	NOUN
dem-18451	1	3	dem_2018_49to65.docx	dem_2018_49to65.docx	VERB
dem-18451	1	4	©	©	PROPN
dem-18451	1	5	2018	2018	NUM
dem-18451	1	6	nicolaus	nicolaus	PROPN
dem-18451	1	7	copernicus	copernicus	PROPN
dem-18451	1	8	university	university	PROPN
dem-18451	1	9	.	.	PUNCT
dem-18451	2	1	all	all	DET
dem-18451	2	2	rights	right	NOUN
dem-18451	2	3	reserved	reserve	VERB
dem-18451	2	4	.	.	PUNCT
dem-18451	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-18451	4	1	d	d	PUNCT
dem-18451	4	2	y	y	PROPN
dem-18451	4	3	n	n	PROPN
dem-18451	4	4	a	a	PRON
dem-18451	4	5	m	m	VERB
dem-18451	5	1	i	i	NOUN
dem-18451	5	2	c	c	NOUN
dem-18451	5	3	e	e	NOUN
dem-18451	5	4	c	c	NOUN
dem-18451	5	5	o	o	X
dem-18451	6	1	n	n	INTJ
dem-18451	6	2	o	o	NOUN
dem-18451	6	3	m	m	VERB
dem-18451	7	1	e	e	NOUN
dem-18451	7	2	t	t	NOUN
dem-18451	7	3	r	r	NOUN
dem-18451	7	4	i	i	NOUN
dem-18451	7	5	c	c	NOUN
dem-18451	7	6	m	m	VERB
dem-18451	7	7	o	o	NOUN
dem-18451	7	8	d	d	X
dem-18451	7	9	e	e	X
dem-18451	7	10	l	l	NOUN
dem-18451	7	11	s	s	X
dem-18451	7	12	doi	doi	NOUN
dem-18451	7	13	:	:	PUNCT
dem-18451	7	14	http://dx.doi.org/10.12775/dem.2018.003	http://dx.doi.org/10.12775/dem.2018.003	NOUN
dem-18451	7	15	vol	vol	NOUN
dem-18451	7	16	.	.	PROPN
dem-18451	8	1	18	18	NUM
dem-18451	8	2	(	(	PUNCT
dem-18451	8	3	2018	2018	NUM
dem-18451	8	4	)	)	PUNCT
dem-18451	9	1	49−65	49−65	NOUN
dem-18451	9	2	submitted	submit	VERB
dem-18451	9	3	october	october	PROPN
dem-18451	9	4	30	30	NUM
dem-18451	9	5	,	,	PUNCT
dem-18451	9	6	2018	2018	NUM
dem-18451	9	7	issn	issn	PROPN
dem-18451	9	8	(	(	PUNCT
dem-18451	9	9	online	online	ADJ
dem-18451	9	10	)	)	PUNCT
dem-18451	9	11	2450	2450	NUM
dem-18451	9	12	-	-	SYM
dem-18451	9	13	7067	7067	NUM
dem-18451	9	14	accepted	accept	VERB
dem-18451	9	15	december	december	PROPN
dem-18451	9	16	4	4	NUM
dem-18451	9	17	,	,	PUNCT
dem-18451	9	18	2018	2018	NUM
dem-18451	9	19	issn	issn	PROPN
dem-18451	9	20	(	(	PUNCT
dem-18451	9	21	print	print	NOUN
dem-18451	9	22	)	)	PUNCT
dem-18451	9	23	1234	1234	NUM
dem-18451	9	24	-	-	SYM
dem-18451	9	25	3862	3862	NUM
dem-18451	9	26	mitra	mitra	PROPN
dem-18451	9	27	lal	lal	PROPN
dem-18451	9	28	devkota	devkota	PROPN
dem-18451	9	29	and	and	CCONJ
dem-18451	9	30	humnath	humnath	NOUN
dem-18451	9	31	panta	panta	NOUN
dem-18451	9	32	*	*	PUNCT
dem-18451	9	33	an	an	DET
dem-18451	9	34	inquiry	inquiry	NOUN
dem-18451	9	35	into	into	ADP
dem-18451	9	36	the	the	DET
dem-18451	9	37	effect	effect	NOUN
dem-18451	9	38	of	of	ADP
dem-18451	9	39	the	the	DET
dem-18451	9	40	interest	interest	NOUN
dem-18451	9	41	rate	rate	NOUN
dem-18451	9	42	,	,	PUNCT
dem-18451	9	43	gold	gold	NOUN
dem-18451	9	44	price	price	NOUN
dem-18451	9	45	,	,	PUNCT
dem-18451	9	46	and	and	CCONJ
dem-18451	9	47	the	the	DET
dem-18451	9	48	exchange	exchange	NOUN
dem-18451	9	49	rate	rate	NOUN
dem-18451	9	50	on	on	ADP
dem-18451	9	51	stock	stock	NOUN
dem-18451	9	52	exchange	exchange	PROPN
dem-18451	9	53	index	index	NOUN
dem-18451	9	54	:	:	PUNCT
dem-18451	9	55	evidence	evidence	NOUN
dem-18451	9	56	from	from	ADP
dem-18451	9	57	nepal	nepal	PROPN
dem-18451	9	58	a	a	DET
dem-18451	9	59	b	b	PROPN
dem-18451	9	60	s	s	ADP
dem-18451	9	61	t	t	PROPN
dem-18451	9	62	r	r	NOUN
dem-18451	9	63	a	a	DET
dem-18451	9	64	c	c	NOUN
dem-18451	9	65	t.	t.	NOUN
dem-18451	9	66	this	this	DET
dem-18451	9	67	study	study	NOUN
dem-18451	9	68	examines	examine	VERB
dem-18451	9	69	the	the	DET
dem-18451	9	70	causal	causal	ADJ
dem-18451	9	71	relationship	relationship	NOUN
dem-18451	9	72	between	between	ADP
dem-18451	9	73	the	the	DET
dem-18451	9	74	nepalese	nepalese	ADJ
dem-18451	9	75	stock	stock	PROPN
dem-18451	9	76	exchange	exchange	PROPN
dem-18451	9	77	(	(	PUNCT
dem-18451	9	78	nepse	nepse	NOUN
dem-18451	9	79	)	)	PUNCT
dem-18451	9	80	index	index	NOUN
dem-18451	9	81	,	,	PUNCT
dem-18451	9	82	the	the	DET
dem-18451	9	83	interest	interest	NOUN
dem-18451	9	84	rate	rate	NOUN
dem-18451	9	85	,	,	PUNCT
dem-18451	9	86	gold	gold	NOUN
dem-18451	9	87	price	price	NOUN
dem-18451	9	88	,	,	PUNCT
dem-18451	9	89	and	and	CCONJ
dem-18451	9	90	the	the	DET
dem-18451	9	91	usd	usd	NOUN
dem-18451	9	92	exchange	exchange	NOUN
dem-18451	9	93	rate	rate	NOUN
dem-18451	9	94	in	in	ADP
dem-18451	9	95	nepal	nepal	NOUN
dem-18451	9	96	.	.	PUNCT
dem-18451	10	1	the	the	DET
dem-18451	10	2	monthly	monthly	ADJ
dem-18451	10	3	time	time	NOUN
dem-18451	10	4	series	series	PROPN
dem-18451	10	5	data	datum	NOUN
dem-18451	10	6	from	from	ADP
dem-18451	10	7	january	january	PROPN
dem-18451	10	8	2006	2006	NUM
dem-18451	10	9	to	to	ADP
dem-18451	10	10	june	june	PROPN
dem-18451	10	11	2018	2018	NUM
dem-18451	10	12	are	be	AUX
dem-18451	10	13	used	use	VERB
dem-18451	10	14	.	.	PUNCT
dem-18451	11	1	time	time	NOUN
dem-18451	11	2	series	series	PROPN
dem-18451	11	3	properties	property	NOUN
dem-18451	11	4	of	of	ADP
dem-18451	11	5	the	the	DET
dem-18451	11	6	data	datum	NOUN
dem-18451	11	7	are	be	AUX
dem-18451	11	8	diagnosed	diagnose	VERB
dem-18451	11	9	using	use	VERB
dem-18451	11	10	the	the	DET
dem-18451	11	11	ng	ng	PROPN
dem-18451	11	12	-	-	PUNCT
dem-18451	11	13	perron	perron	PROPN
dem-18451	11	14	unit	unit	NOUN
dem-18451	11	15	root	root	PROPN
dem-18451	11	16	test	test	PROPN
dem-18451	11	17	and	and	CCONJ
dem-18451	11	18	johansen	johansen	PROPN
dem-18451	11	19	's	's	PART
dem-18451	11	20	cointegration	cointegration	NOUN
dem-18451	11	21	test	test	NOUN
dem-18451	11	22	.	.	PUNCT
dem-18451	12	1	finally	finally	ADV
dem-18451	12	2	,	,	PUNCT
dem-18451	12	3	the	the	DET
dem-18451	12	4	granger	granger	PROPN
dem-18451	12	5	causality	causality	PROPN
dem-18451	12	6	test	test	NOUN
dem-18451	12	7	based	base	VERB
dem-18451	12	8	on	on	ADP
dem-18451	12	9	the	the	DET
dem-18451	12	10	vector	vector	NOUN
dem-18451	12	11	error	error	NOUN
dem-18451	12	12	correction	correction	NOUN
dem-18451	12	13	model	model	NOUN
dem-18451	12	14	(	(	PUNCT
dem-18451	12	15	vecm	vecm	NOUN
dem-18451	12	16	)	)	PUNCT
dem-18451	12	17	is	be	AUX
dem-18451	12	18	used	use	VERB
dem-18451	12	19	to	to	PART
dem-18451	12	20	find	find	VERB
dem-18451	12	21	the	the	DET
dem-18451	12	22	direction	direction	NOUN
dem-18451	12	23	of	of	ADP
dem-18451	12	24	causation	causation	NOUN
dem-18451	12	25	,	,	PUNCT
dem-18451	12	26	and	and	CCONJ
dem-18451	12	27	to	to	PART
dem-18451	12	28	model	model	VERB
dem-18451	12	29	the	the	DET
dem-18451	12	30	short	short	ADJ
dem-18451	12	31	and	and	CCONJ
dem-18451	12	32	long	long	ADV
dem-18451	12	33	-	-	PUNCT
dem-18451	12	34	run	run	NOUN
dem-18451	12	35	relationships	relationship	NOUN
dem-18451	12	36	between	between	ADP
dem-18451	12	37	the	the	DET
dem-18451	12	38	variables	variable	NOUN
dem-18451	12	39	.	.	PUNCT
dem-18451	13	1	the	the	DET
dem-18451	13	2	findings	finding	NOUN
dem-18451	13	3	suggest	suggest	VERB
dem-18451	13	4	that	that	SCONJ
dem-18451	13	5	there	there	PRON
dem-18451	13	6	exists	exist	VERB
dem-18451	13	7	a	a	DET
dem-18451	13	8	feedback	feedback	NOUN
dem-18451	13	9	relationship	relationship	NOUN
dem-18451	13	10	between	between	ADP
dem-18451	13	11	the	the	DET
dem-18451	13	12	nepse	nepse	NOUN
dem-18451	13	13	index	index	NOUN
dem-18451	13	14	and	and	CCONJ
dem-18451	13	15	the	the	DET
dem-18451	13	16	interest	interest	NOUN
dem-18451	13	17	rate	rate	NOUN
dem-18451	13	18	,	,	PUNCT
dem-18451	13	19	and	and	CCONJ
dem-18451	13	20	there	there	PRON
dem-18451	13	21	exists	exist	VERB
dem-18451	13	22	a	a	DET
dem-18451	13	23	unidirectional	unidirectional	ADJ
dem-18451	13	24	causation	causation	NOUN
dem-18451	13	25	from	from	ADP
dem-18451	13	26	the	the	DET
dem-18451	13	27	gold	gold	NOUN
dem-18451	13	28	price	price	NOUN
dem-18451	13	29	to	to	ADP
dem-18451	13	30	both	both	CCONJ
dem-18451	13	31	the	the	DET
dem-18451	13	32	exchange	exchange	NOUN
dem-18451	13	33	rate	rate	NOUN
dem-18451	13	34	and	and	CCONJ
dem-18451	13	35	the	the	DET
dem-18451	13	36	interest	interest	NOUN
dem-18451	13	37	rate	rate	NOUN
dem-18451	13	38	.	.	PUNCT
dem-18451	14	1	there	there	PRON
dem-18451	14	2	is	be	VERB
dem-18451	14	3	also	also	ADV
dem-18451	14	4	a	a	DET
dem-18451	14	5	unidirectional	unidirectional	ADJ
dem-18451	14	6	causation	causation	NOUN
dem-18451	14	7	from	from	ADP
dem-18451	14	8	the	the	DET
dem-18451	14	9	exchange	exchange	NOUN
dem-18451	14	10	rate	rate	NOUN
dem-18451	14	11	to	to	ADP
dem-18451	14	12	the	the	DET
dem-18451	14	13	nepse	nepse	ADJ
dem-18451	14	14	index	index	NOUN
dem-18451	14	15	during	during	ADP
dem-18451	14	16	the	the	DET
dem-18451	14	17	sample	sample	NOUN
dem-18451	14	18	period	period	NOUN
dem-18451	14	19	.	.	PUNCT
dem-18451	15	1	these	these	DET
dem-18451	15	2	findings	finding	NOUN
dem-18451	15	3	have	have	VERB
dem-18451	15	4	implications	implication	NOUN
dem-18451	15	5	for	for	ADP
dem-18451	15	6	government	government	NOUN
dem-18451	15	7	agencies	agency	NOUN
dem-18451	15	8	,	,	PUNCT
dem-18451	15	9	investors	investor	NOUN
dem-18451	15	10	,	,	PUNCT
dem-18451	15	11	researchers	researcher	NOUN
dem-18451	15	12	,	,	PUNCT
dem-18451	15	13	stakeholders	stakeholder	NOUN
dem-18451	15	14	,	,	PUNCT
dem-18451	15	15	and	and	CCONJ
dem-18451	15	16	others	other	NOUN
dem-18451	15	17	interested	interested	ADJ
dem-18451	15	18	in	in	ADP
dem-18451	15	19	the	the	DET
dem-18451	15	20	topic	topic	NOUN
dem-18451	15	21	.	.	PUNCT
dem-18451	16	1	k	k	PROPN
dem-18451	16	2	e	e	PROPN
dem-18451	16	3	y	y	PROPN
dem-18451	16	4	w	w	NOUN
dem-18451	16	5	o	o	NOUN
dem-18451	16	6	r	r	NOUN
dem-18451	16	7	d	d	X
dem-18451	16	8	s	s	NOUN
dem-18451	16	9	:	:	PUNCT
dem-18451	16	10	causality	causality	NOUN
dem-18451	16	11	;	;	PUNCT
dem-18451	16	12	cointegration	cointegration	NOUN
dem-18451	16	13	;	;	PUNCT
dem-18451	16	14	exchange	exchange	NOUN
dem-18451	16	15	rate	rate	NOUN
dem-18451	16	16	;	;	PUNCT
dem-18451	16	17	gold	gold	NOUN
dem-18451	16	18	price	price	NOUN
dem-18451	16	19	;	;	PUNCT
dem-18451	16	20	interest	interest	NOUN
dem-18451	16	21	rate	rate	NOUN
dem-18451	16	22	;	;	PUNCT
dem-18451	16	23	nepse	nepse	NOUN
dem-18451	16	24	index	index	NOUN
dem-18451	16	25	j	j	PROPN
dem-18451	16	26	e	e	PROPN
dem-18451	16	27	l	l	NOUN
dem-18451	16	28	classification	classification	NOUN
dem-18451	16	29	:	:	PUNCT
dem-18451	16	30	c22	c22	NOUN
dem-18451	16	31	;	;	PUNCT
dem-18451	16	32	e00	e00	PROPN
dem-18451	16	33	;	;	PUNCT
dem-18451	16	34	e44	e44	NOUN
dem-18451	16	35	introduction	introduction	NOUN
dem-18451	16	36	the	the	DET
dem-18451	16	37	relationship	relationship	NOUN
dem-18451	16	38	between	between	ADP
dem-18451	16	39	the	the	DET
dem-18451	16	40	stock	stock	NOUN
dem-18451	16	41	exchange	exchange	NOUN
dem-18451	16	42	index	index	NOUN
dem-18451	16	43	and	and	CCONJ
dem-18451	16	44	macroeconomic	macroeconomic	ADJ
dem-18451	16	45	variables	variable	NOUN
dem-18451	16	46	including	include	VERB
dem-18451	16	47	the	the	DET
dem-18451	16	48	gold	gold	NOUN
dem-18451	16	49	price	price	NOUN
dem-18451	16	50	has	have	AUX
dem-18451	16	51	received	receive	VERB
dem-18451	16	52	considerable	considerable	ADJ
dem-18451	16	53	attention	attention	NOUN
dem-18451	16	54	in	in	ADP
dem-18451	16	55	the	the	DET
dem-18451	16	56	*	*	ADJ
dem-18451	16	57	correspondence	correspondence	NOUN
dem-18451	16	58	to	to	ADP
dem-18451	16	59	:	:	PUNCT
dem-18451	16	60	mitra	mitra	PROPN
dem-18451	16	61	lal	lal	PROPN
dem-18451	16	62	devkota	devkota	PROPN
dem-18451	16	63	,	,	PUNCT
dem-18451	16	64	university	university	NOUN
dem-18451	16	65	of	of	ADP
dem-18451	16	66	north	north	PROPN
dem-18451	16	67	georgia	georgia	PROPN
dem-18451	16	68	,	,	PUNCT
dem-18451	16	69	department	department	NOUN
dem-18451	16	70	of	of	ADP
dem-18451	16	71	management	management	NOUN
dem-18451	16	72	and	and	CCONJ
dem-18451	16	73	marketing	marketing	NOUN
dem-18451	16	74	,	,	PUNCT
dem-18451	16	75	mike	mike	PROPN
dem-18451	16	76	cottrell	cottrell	PROPN
dem-18451	16	77	college	college	PROPN
dem-18451	16	78	of	of	ADP
dem-18451	16	79	business	business	NOUN
dem-18451	16	80	,	,	PUNCT
dem-18451	16	81	82	82	NUM
dem-18451	16	82	college	college	NOUN
dem-18451	16	83	circle	circle	PROPN
dem-18451	16	84	,	,	PUNCT
dem-18451	16	85	dahlonega	dahlonega	PROPN
dem-18451	16	86	,	,	PUNCT
dem-18451	16	87	ga	ga	PROPN
dem-18451	16	88	30597	30597	NUM
dem-18451	16	89	,	,	PUNCT
dem-18451	16	90	united	united	PROPN
dem-18451	16	91	states	states	PROPN
dem-18451	16	92	,	,	PUNCT
dem-18451	16	93	e	e	NOUN
dem-18451	16	94	-	-	NOUN
dem-18451	16	95	mail	mail	NOUN
dem-18451	16	96	:	:	PUNCT
dem-18451	16	97	mldevkota@ung.edu	mldevkota@ung.edu	PROPN
dem-18451	16	98	;	;	PUNCT
dem-18451	16	99	humnath	humnath	NOUN
dem-18451	16	100	panta	panta	PROPN
dem-18451	16	101	,	,	PUNCT
dem-18451	16	102	brenau	brenau	PROPN
dem-18451	16	103	university	university	PROPN
dem-18451	16	104	,	,	PUNCT
dem-18451	16	105	college	college	NOUN
dem-18451	16	106	of	of	ADP
dem-18451	16	107	business	business	NOUN
dem-18451	16	108	and	and	CCONJ
dem-18451	16	109	communication	communication	NOUN
dem-18451	16	110	,	,	PUNCT
dem-18451	16	111	500	500	NUM
dem-18451	16	112	washington	washington	PROPN
dem-18451	16	113	street	street	PROPN
dem-18451	16	114	se	se	PROPN
dem-18451	16	115	,	,	PUNCT
dem-18451	16	116	gainesville	gainesville	PROPN
dem-18451	16	117	,	,	PUNCT
dem-18451	16	118	ga	ga	PROPN
dem-18451	16	119	30501	30501	NUM
dem-18451	16	120	,	,	PUNCT
dem-18451	16	121	united	united	PROPN
dem-18451	16	122	states	states	PROPN
dem-18451	16	123	,	,	PUNCT
dem-18451	16	124	e	e	NOUN
dem-18451	16	125	-	-	NOUN
dem-18451	16	126	mail	mail	NOUN
dem-18451	16	127	:	:	PUNCT
dem-18451	17	1	hpanta@brenau.edu	hpanta@brenau.edu	X
dem-18451	17	2	.	.	PUNCT
dem-18451	18	1	mitra	mitra	PROPN
dem-18451	18	2	lal	lal	PROPN
dem-18451	18	3	devkota	devkota	PROPN
dem-18451	18	4	,	,	PUNCT
dem-18451	18	5	humnath	humnath	NOUN
dem-18451	18	6	panta	panta	PROPN
dem-18451	18	7	dynamic	dynamic	ADJ
dem-18451	18	8	econometric	econometric	ADJ
dem-18451	18	9	models	model	NOUN
dem-18451	18	10	18	18	NUM
dem-18451	18	11	(	(	PUNCT
dem-18451	18	12	2018	2018	NUM
dem-18451	18	13	)	)	PUNCT
dem-18451	18	14	49–65	49–65	NUM
dem-18451	18	15	50	50	NUM
dem-18451	18	16	literature	literature	NOUN
dem-18451	18	17	(	(	PUNCT
dem-18451	18	18	fama	fama	NOUN
dem-18451	18	19	,	,	PUNCT
dem-18451	18	20	1981	1981	NUM
dem-18451	18	21	;	;	PUNCT
dem-18451	18	22	gunes	gune	NOUN
dem-18451	18	23	,	,	PUNCT
dem-18451	18	24	2007	2007	NUM
dem-18451	18	25	;	;	PUNCT
dem-18451	18	26	pilinkus	pilinku	NOUN
dem-18451	18	27	and	and	CCONJ
dem-18451	18	28	boguslauskas	boguslauskas	VERB
dem-18451	18	29	,	,	PUNCT
dem-18451	18	30	2009	2009	NUM
dem-18451	18	31	)	)	PUNCT
dem-18451	18	32	.	.	PUNCT
dem-18451	19	1	different	different	ADJ
dem-18451	19	2	researchers	researcher	NOUN
dem-18451	19	3	have	have	AUX
dem-18451	19	4	used	use	VERB
dem-18451	19	5	different	different	ADJ
dem-18451	19	6	set	set	NOUN
dem-18451	19	7	of	of	ADP
dem-18451	19	8	variables	variable	NOUN
dem-18451	19	9	in	in	ADP
dem-18451	19	10	their	their	PRON
dem-18451	19	11	studies	study	NOUN
dem-18451	19	12	.	.	PUNCT
dem-18451	20	1	for	for	ADP
dem-18451	20	2	example	example	NOUN
dem-18451	20	3	,	,	PUNCT
dem-18451	20	4	smyth	smyth	NOUN
dem-18451	20	5	and	and	CCONJ
dem-18451	20	6	nandha	nandha	NOUN
dem-18451	20	7	(	(	PUNCT
dem-18451	20	8	2003	2003	NUM
dem-18451	20	9	)	)	PUNCT
dem-18451	20	10	and	and	CCONJ
dem-18451	20	11	nieh	nieh	PROPN
dem-18451	20	12	and	and	CCONJ
dem-18451	20	13	lee	lee	PROPN
dem-18451	20	14	(	(	PUNCT
dem-18451	20	15	2001	2001	NUM
dem-18451	20	16	)	)	PUNCT
dem-18451	20	17	,	,	PUNCT
dem-18451	20	18	among	among	ADP
dem-18451	20	19	others	other	NOUN
dem-18451	20	20	,	,	PUNCT
dem-18451	20	21	have	have	AUX
dem-18451	20	22	studied	study	VERB
dem-18451	20	23	the	the	DET
dem-18451	20	24	relationship	relationship	NOUN
dem-18451	20	25	between	between	ADP
dem-18451	20	26	stock	stock	NOUN
dem-18451	20	27	prices	price	NOUN
dem-18451	20	28	and	and	CCONJ
dem-18451	20	29	exchange	exchange	NOUN
dem-18451	20	30	rates	rate	NOUN
dem-18451	20	31	,	,	PUNCT
dem-18451	20	32	whereas	whereas	SCONJ
dem-18451	20	33	other	other	ADJ
dem-18451	20	34	researchers	researcher	NOUN
dem-18451	20	35	have	have	AUX
dem-18451	20	36	used	use	VERB
dem-18451	20	37	several	several	ADJ
dem-18451	20	38	macroeconomic	macroeconomic	ADJ
dem-18451	20	39	variables	variable	NOUN
dem-18451	20	40	in	in	ADP
dem-18451	20	41	their	their	PRON
dem-18451	20	42	study	study	NOUN
dem-18451	20	43	(	(	PUNCT
dem-18451	20	44	tursoy	tursoy	ADJ
dem-18451	20	45	,	,	PUNCT
dem-18451	20	46	gunsel	gunsel	NOUN
dem-18451	20	47	and	and	CCONJ
dem-18451	20	48	rjoub	rjoub	PROPN
dem-18451	20	49	,	,	PUNCT
dem-18451	20	50	2008	2008	NUM
dem-18451	20	51	)	)	PUNCT
dem-18451	20	52	.	.	PUNCT
dem-18451	21	1	the	the	DET
dem-18451	21	2	selection	selection	NOUN
dem-18451	21	3	of	of	ADP
dem-18451	21	4	variables	variable	NOUN
dem-18451	21	5	,	,	PUNCT
dem-18451	21	6	however	however	ADV
dem-18451	21	7	,	,	PUNCT
dem-18451	21	8	depends	depend	VERB
dem-18451	21	9	on	on	ADP
dem-18451	21	10	the	the	DET
dem-18451	21	11	nature	nature	NOUN
dem-18451	21	12	and	and	CCONJ
dem-18451	21	13	structure	structure	NOUN
dem-18451	21	14	of	of	ADP
dem-18451	21	15	the	the	DET
dem-18451	21	16	economy	economy	NOUN
dem-18451	21	17	as	as	ADV
dem-18451	21	18	well	well	ADV
dem-18451	21	19	as	as	ADP
dem-18451	21	20	the	the	DET
dem-18451	21	21	size	size	NOUN
dem-18451	21	22	and	and	CCONJ
dem-18451	21	23	significance	significance	NOUN
dem-18451	21	24	of	of	ADP
dem-18451	21	25	the	the	DET
dem-18451	21	26	stock	stock	NOUN
dem-18451	21	27	market	market	NOUN
dem-18451	21	28	in	in	ADP
dem-18451	21	29	the	the	DET
dem-18451	21	30	economy	economy	NOUN
dem-18451	21	31	.	.	PUNCT
dem-18451	22	1	empirical	empirical	ADJ
dem-18451	22	2	studies	study	NOUN
dem-18451	22	3	reveal	reveal	VERB
dem-18451	22	4	that	that	SCONJ
dem-18451	22	5	with	with	ADP
dem-18451	22	6	financial	financial	ADJ
dem-18451	22	7	deregulation	deregulation	NOUN
dem-18451	22	8	,	,	PUNCT
dem-18451	22	9	the	the	DET
dem-18451	22	10	stock	stock	NOUN
dem-18451	22	11	market	market	NOUN
dem-18451	22	12	of	of	ADP
dem-18451	22	13	a	a	DET
dem-18451	22	14	country	country	NOUN
dem-18451	22	15	has	have	AUX
dem-18451	22	16	become	become	VERB
dem-18451	22	17	more	more	ADV
dem-18451	22	18	sensitive	sensitive	ADJ
dem-18451	22	19	to	to	ADP
dem-18451	22	20	both	both	CCONJ
dem-18451	22	21	domestic	domestic	ADJ
dem-18451	22	22	and	and	CCONJ
dem-18451	22	23	external	external	ADJ
dem-18451	22	24	factors	factor	NOUN
dem-18451	22	25	(	(	PUNCT
dem-18451	22	26	mishra	mishra	PROPN
dem-18451	22	27	,	,	PUNCT
dem-18451	22	28	das	das	PROPN
dem-18451	22	29	,	,	PUNCT
dem-18451	22	30	and	and	CCONJ
dem-18451	22	31	mishra	mishra	PROPN
dem-18451	22	32	,	,	PUNCT
dem-18451	22	33	2010	2010	NUM
dem-18451	22	34	)	)	PUNCT
dem-18451	22	35	.	.	PUNCT
dem-18451	23	1	several	several	ADJ
dem-18451	23	2	studies	study	NOUN
dem-18451	23	3	have	have	AUX
dem-18451	23	4	examined	examine	VERB
dem-18451	23	5	the	the	DET
dem-18451	23	6	impact	impact	NOUN
dem-18451	23	7	of	of	ADP
dem-18451	23	8	macroeconomic	macroeconomic	ADJ
dem-18451	23	9	variables	variable	NOUN
dem-18451	23	10	on	on	ADP
dem-18451	23	11	stock	stock	NOUN
dem-18451	23	12	prices	price	NOUN
dem-18451	23	13	for	for	ADP
dem-18451	23	14	developed	develop	VERB
dem-18451	23	15	as	as	ADV
dem-18451	23	16	well	well	ADV
dem-18451	23	17	as	as	ADP
dem-18451	23	18	for	for	ADP
dem-18451	23	19	developing	develop	VERB
dem-18451	23	20	countries	country	NOUN
dem-18451	23	21	.	.	PUNCT
dem-18451	24	1	alam	alam	PROPN
dem-18451	24	2	and	and	CCONJ
dem-18451	24	3	uddhin	uddhin	PROPN
dem-18451	24	4	(	(	PUNCT
dem-18451	24	5	2009	2009	NUM
dem-18451	24	6	)	)	PUNCT
dem-18451	24	7	document	document	NOUN
dem-18451	24	8	that	that	PRON
dem-18451	24	9	stock	stock	NOUN
dem-18451	24	10	prices	price	NOUN
dem-18451	24	11	and	and	CCONJ
dem-18451	24	12	interest	interest	NOUN
dem-18451	24	13	rate	rate	NOUN
dem-18451	24	14	are	be	AUX
dem-18451	24	15	the	the	DET
dem-18451	24	16	crucial	crucial	ADJ
dem-18451	24	17	factors	factor	NOUN
dem-18451	24	18	which	which	PRON
dem-18451	24	19	determine	determine	VERB
dem-18451	24	20	the	the	DET
dem-18451	24	21	economic	economic	ADJ
dem-18451	24	22	growth	growth	NOUN
dem-18451	24	23	of	of	ADP
dem-18451	24	24	a	a	DET
dem-18451	24	25	country	country	NOUN
dem-18451	24	26	.	.	PUNCT
dem-18451	25	1	the	the	DET
dem-18451	25	2	impact	impact	NOUN
dem-18451	25	3	of	of	ADP
dem-18451	25	4	the	the	DET
dem-18451	25	5	interest	interest	NOUN
dem-18451	25	6	rate	rate	NOUN
dem-18451	25	7	on	on	ADP
dem-18451	25	8	stock	stock	NOUN
dem-18451	25	9	prices	price	NOUN
dem-18451	25	10	provides	provide	VERB
dem-18451	25	11	important	important	ADJ
dem-18451	25	12	implications	implication	NOUN
dem-18451	25	13	for	for	ADP
dem-18451	25	14	monetary	monetary	ADJ
dem-18451	25	15	policy	policy	NOUN
dem-18451	25	16	,	,	PUNCT
dem-18451	25	17	risk	risk	NOUN
dem-18451	25	18	management	management	NOUN
dem-18451	25	19	practices	practice	NOUN
dem-18451	25	20	,	,	PUNCT
dem-18451	25	21	financial	financial	ADJ
dem-18451	25	22	securities	security	NOUN
dem-18451	25	23	valuation	valuation	NOUN
dem-18451	25	24	and	and	CCONJ
dem-18451	25	25	government	government	NOUN
dem-18451	25	26	policy	policy	NOUN
dem-18451	25	27	towards	towards	ADP
dem-18451	25	28	financial	financial	ADJ
dem-18451	25	29	markets	market	NOUN
dem-18451	25	30	.	.	PUNCT
dem-18451	26	1	several	several	ADJ
dem-18451	26	2	researchers	researcher	NOUN
dem-18451	26	3	have	have	AUX
dem-18451	26	4	investigated	investigate	VERB
dem-18451	26	5	the	the	DET
dem-18451	26	6	relationship	relationship	NOUN
dem-18451	26	7	between	between	ADP
dem-18451	26	8	gold	gold	NOUN
dem-18451	26	9	prices	price	NOUN
dem-18451	26	10	and	and	CCONJ
dem-18451	26	11	stock	stock	NOUN
dem-18451	26	12	exchange	exchange	NOUN
dem-18451	26	13	indices	index	NOUN
dem-18451	26	14	.	.	PUNCT
dem-18451	27	1	according	accord	VERB
dem-18451	27	2	to	to	ADP
dem-18451	27	3	sujit	sujit	NOUN
dem-18451	27	4	and	and	CCONJ
dem-18451	27	5	kumar	kumar	PROPN
dem-18451	27	6	(	(	PUNCT
dem-18451	27	7	2011	2011	NUM
dem-18451	27	8	)	)	PUNCT
dem-18451	27	9	,	,	PUNCT
dem-18451	27	10	gold	gold	NOUN
dem-18451	27	11	provides	provide	VERB
dem-18451	27	12	high	high	ADJ
dem-18451	27	13	liquidity	liquidity	NOUN
dem-18451	27	14	,	,	PUNCT
dem-18451	27	15	and	and	CCONJ
dem-18451	27	16	investment	investment	NOUN
dem-18451	27	17	on	on	ADP
dem-18451	27	18	gold	gold	NOUN
dem-18451	27	19	can	can	AUX
dem-18451	27	20	also	also	ADV
dem-18451	27	21	be	be	AUX
dem-18451	27	22	used	use	VERB
dem-18451	27	23	as	as	ADP
dem-18451	27	24	a	a	DET
dem-18451	27	25	hedge	hedge	NOUN
dem-18451	27	26	against	against	ADP
dem-18451	27	27	inflation	inflation	NOUN
dem-18451	27	28	and	and	CCONJ
dem-18451	27	29	currency	currency	NOUN
dem-18451	27	30	depreciation	depreciation	NOUN
dem-18451	27	31	.	.	PUNCT
dem-18451	28	1	from	from	ADP
dem-18451	28	2	an	an	DET
dem-18451	28	3	economic	economic	ADJ
dem-18451	28	4	and	and	CCONJ
dem-18451	28	5	financial	financial	ADJ
dem-18451	28	6	point	point	NOUN
dem-18451	28	7	of	of	ADP
dem-18451	28	8	view	view	NOUN
dem-18451	28	9	,	,	PUNCT
dem-18451	28	10	movements	movement	NOUN
dem-18451	28	11	in	in	ADP
dem-18451	28	12	the	the	DET
dem-18451	28	13	price	price	NOUN
dem-18451	28	14	of	of	ADP
dem-18451	28	15	gold	gold	NOUN
dem-18451	28	16	are	be	AUX
dem-18451	28	17	both	both	ADV
dem-18451	28	18	interesting	interesting	ADJ
dem-18451	28	19	and	and	CCONJ
dem-18451	28	20	important	important	ADJ
dem-18451	28	21	,	,	PUNCT
dem-18451	28	22	and	and	CCONJ
dem-18451	28	23	hence	hence	ADV
dem-18451	28	24	,	,	PUNCT
dem-18451	28	25	it	it	PRON
dem-18451	28	26	is	be	AUX
dem-18451	28	27	necessary	necessary	ADJ
dem-18451	28	28	to	to	PART
dem-18451	28	29	validate	validate	VERB
dem-18451	28	30	the	the	DET
dem-18451	28	31	dynamic	dynamic	ADJ
dem-18451	28	32	relationship	relationship	NOUN
dem-18451	28	33	of	of	ADP
dem-18451	28	34	gold	gold	ADJ
dem-18451	28	35	price	price	NOUN
dem-18451	28	36	with	with	ADP
dem-18451	28	37	other	other	ADJ
dem-18451	28	38	variables	variable	NOUN
dem-18451	28	39	under	under	ADP
dem-18451	28	40	study	study	NOUN
dem-18451	28	41	periodically	periodically	ADV
dem-18451	28	42	.	.	PUNCT
dem-18451	29	1	likewise	likewise	ADV
dem-18451	29	2	,	,	PUNCT
dem-18451	29	3	a	a	DET
dem-18451	29	4	number	number	NOUN
dem-18451	29	5	of	of	ADP
dem-18451	29	6	empirical	empirical	ADJ
dem-18451	29	7	studies	study	NOUN
dem-18451	29	8	have	have	AUX
dem-18451	29	9	investigated	investigate	VERB
dem-18451	29	10	the	the	DET
dem-18451	29	11	relationship	relationship	NOUN
dem-18451	29	12	between	between	ADP
dem-18451	29	13	stock	stock	NOUN
dem-18451	29	14	prices	price	NOUN
dem-18451	29	15	and	and	CCONJ
dem-18451	29	16	exchange	exchange	NOUN
dem-18451	29	17	rates	rate	NOUN
dem-18451	29	18	.	.	PUNCT
dem-18451	30	1	likewise	likewise	ADV
dem-18451	30	2	,	,	PUNCT
dem-18451	30	3	a	a	DET
dem-18451	30	4	number	number	NOUN
dem-18451	30	5	of	of	ADP
dem-18451	30	6	empirical	empirical	ADJ
dem-18451	30	7	studies	study	NOUN
dem-18451	30	8	have	have	AUX
dem-18451	30	9	investigated	investigate	VERB
dem-18451	30	10	the	the	DET
dem-18451	30	11	relationship	relationship	NOUN
dem-18451	30	12	between	between	ADP
dem-18451	30	13	stock	stock	NOUN
dem-18451	30	14	prices	price	NOUN
dem-18451	30	15	and	and	CCONJ
dem-18451	30	16	exchange	exchange	NOUN
dem-18451	30	17	rates	rate	NOUN
dem-18451	30	18	.	.	PUNCT
dem-18451	31	1	according	accord	VERB
dem-18451	31	2	to	to	ADP
dem-18451	31	3	ratanapakorn	ratanapakorn	VERB
dem-18451	31	4	and	and	CCONJ
dem-18451	31	5	sharma	sharma	PROPN
dem-18451	31	6	(	(	PUNCT
dem-18451	31	7	2007	2007	NUM
dem-18451	31	8	)	)	PUNCT
dem-18451	31	9	,	,	PUNCT
dem-18451	31	10	"	"	PUNCT
dem-18451	31	11	for	for	ADP
dem-18451	31	12	several	several	ADJ
dem-18451	31	13	reasons	reason	NOUN
dem-18451	31	14	,	,	PUNCT
dem-18451	31	15	foreign	foreign	ADJ
dem-18451	31	16	exchange	exchange	NOUN
dem-18451	31	17	rates	rate	NOUN
dem-18451	31	18	should	should	AUX
dem-18451	31	19	not	not	PART
dem-18451	31	20	be	be	AUX
dem-18451	31	21	ignored	ignore	VERB
dem-18451	31	22	when	when	SCONJ
dem-18451	31	23	modelling	model	VERB
dem-18451	31	24	stock	stock	NOUN
dem-18451	31	25	prices	price	NOUN
dem-18451	31	26	.	.	PUNCT
dem-18451	32	1	first	first	ADV
dem-18451	32	2	,	,	PUNCT
dem-18451	32	3	the	the	DET
dem-18451	32	4	money	money	NOUN
dem-18451	32	5	supply	supply	NOUN
dem-18451	32	6	is	be	AUX
dem-18451	32	7	used	use	VERB
dem-18451	32	8	to	to	PART
dem-18451	32	9	stabilize	stabilize	VERB
dem-18451	32	10	foreign	foreign	ADJ
dem-18451	32	11	exchange	exchange	NOUN
dem-18451	32	12	rates	rate	NOUN
dem-18451	32	13	.	.	PUNCT
dem-18451	33	1	second	second	ADV
dem-18451	33	2	,	,	PUNCT
dem-18451	33	3	the	the	DET
dem-18451	33	4	exchange	exchange	NOUN
dem-18451	33	5	rate	rate	NOUN
dem-18451	33	6	movements	movement	NOUN
dem-18451	33	7	may	may	AUX
dem-18451	33	8	reinforce	reinforce	VERB
dem-18451	33	9	the	the	DET
dem-18451	33	10	link	link	NOUN
dem-18451	33	11	from	from	ADP
dem-18451	33	12	money	money	NOUN
dem-18451	33	13	to	to	ADP
dem-18451	33	14	inflation	inflation	NOUN
dem-18451	33	15	.	.	PUNCT
dem-18451	34	1	third	third	ADJ
dem-18451	34	2	,	,	PUNCT
dem-18451	34	3	exchange	exchange	NOUN
dem-18451	34	4	rates	rate	NOUN
dem-18451	34	5	may	may	AUX
dem-18451	34	6	influence	influence	VERB
dem-18451	34	7	stock	stock	NOUN
dem-18451	34	8	prices	price	NOUN
dem-18451	34	9	through	through	ADP
dem-18451	34	10	interest	interest	NOUN
dem-18451	34	11	rate	rate	NOUN
dem-18451	34	12	effects	effect	NOUN
dem-18451	34	13	.	.	PUNCT
dem-18451	35	1	finally	finally	ADV
dem-18451	35	2	,	,	PUNCT
dem-18451	35	3	foreign	foreign	ADJ
dem-18451	35	4	exchange	exchange	NOUN
dem-18451	35	5	rates	rate	NOUN
dem-18451	35	6	are	be	AUX
dem-18451	35	7	important	important	ADJ
dem-18451	35	8	for	for	SCONJ
dem-18451	35	9	investors	investor	NOUN
dem-18451	35	10	deciding	decide	VERB
dem-18451	35	11	whether	whether	SCONJ
dem-18451	35	12	they	they	PRON
dem-18451	35	13	should	should	AUX
dem-18451	35	14	invest	invest	VERB
dem-18451	35	15	in	in	ADP
dem-18451	35	16	the	the	DET
dem-18451	35	17	foreign	foreign	ADJ
dem-18451	35	18	exchange	exchange	NOUN
dem-18451	35	19	market	market	NOUN
dem-18451	35	20	or	or	CCONJ
dem-18451	35	21	in	in	ADP
dem-18451	35	22	the	the	DET
dem-18451	35	23	stock	stock	NOUN
dem-18451	35	24	market	market	NOUN
dem-18451	35	25	.	.	PUNCT
dem-18451	35	26	"	"	PUNCT
dem-18451	36	1	ratanapakorn	ratanapakorn	ADJ
dem-18451	36	2	and	and	CCONJ
dem-18451	36	3	sharma	sharma	PROPN
dem-18451	36	4	(	(	PUNCT
dem-18451	36	5	2007	2007	NUM
dem-18451	36	6	)	)	PUNCT
dem-18451	36	7	are	be	AUX
dem-18451	36	8	correct	correct	ADJ
dem-18451	36	9	that	that	SCONJ
dem-18451	36	10	some	some	DET
dem-18451	36	11	countries	country	NOUN
dem-18451	36	12	target	target	VERB
dem-18451	36	13	exchange	exchange	NOUN
dem-18451	36	14	rates	rate	NOUN
dem-18451	36	15	with	with	ADP
dem-18451	36	16	monetary	monetary	ADJ
dem-18451	36	17	policy	policy	NOUN
dem-18451	36	18	.	.	PUNCT
dem-18451	37	1	other	other	ADJ
dem-18451	37	2	countries	country	NOUN
dem-18451	37	3	target	target	VERB
dem-18451	37	4	inflation	inflation	NOUN
dem-18451	37	5	rates	rate	NOUN
dem-18451	37	6	with	with	ADP
dem-18451	37	7	monetary	monetary	ADJ
dem-18451	37	8	policy	policy	NOUN
dem-18451	37	9	,	,	PUNCT
dem-18451	37	10	but	but	CCONJ
dem-18451	37	11	,	,	PUNCT
dem-18451	37	12	even	even	ADV
dem-18451	37	13	so	so	ADV
dem-18451	37	14	,	,	PUNCT
dem-18451	37	15	monetary	monetary	ADJ
dem-18451	37	16	policy	policy	NOUN
dem-18451	37	17	affects	affect	VERB
dem-18451	37	18	exchange	exchange	NOUN
dem-18451	37	19	rates	rate	NOUN
dem-18451	37	20	,	,	PUNCT
dem-18451	37	21	regardless	regardless	ADV
dem-18451	37	22	of	of	ADP
dem-18451	37	23	which	which	PRON
dem-18451	37	24	target	target	VERB
dem-18451	37	25	monetary	monetary	ADJ
dem-18451	37	26	authorities	authority	NOUN
dem-18451	37	27	choose	choose	VERB
dem-18451	37	28	.	.	PUNCT
dem-18451	38	1	most	most	ADJ
dem-18451	38	2	of	of	ADP
dem-18451	38	3	the	the	DET
dem-18451	38	4	studies	study	NOUN
dem-18451	38	5	in	in	ADP
dem-18451	38	6	this	this	DET
dem-18451	38	7	area	area	NOUN
dem-18451	38	8	focus	focus	VERB
dem-18451	38	9	either	either	CCONJ
dem-18451	38	10	on	on	ADP
dem-18451	38	11	large	large	ADJ
dem-18451	38	12	economy	economy	NOUN
dem-18451	38	13	such	such	ADJ
dem-18451	38	14	as	as	ADP
dem-18451	38	15	india	india	PROPN
dem-18451	38	16	(	(	PUNCT
dem-18451	38	17	upadhyaya	upadhyaya	PROPN
dem-18451	38	18	,	,	PUNCT
dem-18451	38	19	nag	nag	VERB
dem-18451	38	20	and	and	CCONJ
dem-18451	38	21	mixon	mixon	PROPN
dem-18451	38	22	jr	jr	PROPN
dem-18451	38	23	,	,	PUNCT
dem-18451	38	24	2018	2018	NUM
dem-18451	38	25	)	)	PUNCT
dem-18451	38	26	or	or	CCONJ
dem-18451	38	27	developed	develop	VERB
dem-18451	38	28	economies	economy	NOUN
dem-18451	38	29	such	such	ADJ
dem-18451	38	30	as	as	ADP
dem-18451	38	31	the	the	DET
dem-18451	38	32	usa	usa	PROPN
dem-18451	38	33	(	(	PUNCT
dem-18451	38	34	ratanapakorn	ratanapakorn	ADJ
dem-18451	38	35	and	and	CCONJ
dem-18451	38	36	sharma	sharma	NOUN
dem-18451	38	37	,	,	PUNCT
dem-18451	38	38	2007	2007	NUM
dem-18451	38	39	)	)	PUNCT
dem-18451	38	40	.	.	PUNCT
dem-18451	39	1	there	there	PRON
dem-18451	39	2	is	be	VERB
dem-18451	39	3	a	a	DET
dem-18451	39	4	relative	relative	ADJ
dem-18451	39	5	dearth	dearth	NOUN
dem-18451	39	6	of	of	ADP
dem-18451	39	7	such	such	DET
dem-18451	39	8	an	an	DET
dem-18451	39	9	enquiry	enquiry	NOUN
dem-18451	39	10	into	into	ADP
dem-18451	39	11	the	the	DET
dem-18451	39	12	effect	effect	NOUN
dem-18451	39	13	of	of	ADP
dem-18451	39	14	the	the	DET
dem-18451	39	15	interest	interest	NOUN
dem-18451	39	16	rate	rate	NOUN
dem-18451	39	17	,	,	PUNCT
dem-18451	39	18	gold	gold	NOUN
dem-18451	39	19	price	price	NOUN
dem-18451	39	20	,	,	PUNCT
dem-18451	39	21	and	and	CCONJ
dem-18451	39	22	the	the	DET
dem-18451	39	23	exchange	exchange	NOUN
dem-18451	39	24	…	…	SYM
dem-18451	39	25	dynamic	dynamic	ADJ
dem-18451	39	26	econometric	econometric	ADJ
dem-18451	39	27	models	model	NOUN
dem-18451	39	28	18	18	NUM
dem-18451	39	29	(	(	PUNCT
dem-18451	39	30	2018	2018	NUM
dem-18451	39	31	)	)	PUNCT
dem-18451	39	32	49–65	49–65	NUM
dem-18451	39	33	51	51	NUM
dem-18451	39	34	studies	study	NOUN
dem-18451	39	35	in	in	ADP
dem-18451	39	36	small	small	ADJ
dem-18451	39	37	countries	country	NOUN
dem-18451	39	38	like	like	ADP
dem-18451	39	39	nepal	nepal	NOUN
dem-18451	39	40	.	.	PUNCT
dem-18451	40	1	the	the	DET
dem-18451	40	2	purpose	purpose	NOUN
dem-18451	40	3	of	of	ADP
dem-18451	40	4	this	this	DET
dem-18451	40	5	study	study	NOUN
dem-18451	40	6	is	be	AUX
dem-18451	40	7	to	to	PART
dem-18451	40	8	fill	fill	VERB
dem-18451	40	9	this	this	DET
dem-18451	40	10	void	void	NOUN
dem-18451	40	11	.	.	PUNCT
dem-18451	41	1	using	use	VERB
dem-18451	41	2	nepalese	nepalese	ADJ
dem-18451	41	3	data	datum	NOUN
dem-18451	41	4	,	,	PUNCT
dem-18451	41	5	our	our	PRON
dem-18451	41	6	research	research	NOUN
dem-18451	41	7	work	work	NOUN
dem-18451	41	8	differs	differ	VERB
dem-18451	41	9	from	from	ADP
dem-18451	41	10	the	the	DET
dem-18451	41	11	existing	exist	VERB
dem-18451	41	12	literature	literature	NOUN
dem-18451	41	13	in	in	ADP
dem-18451	41	14	several	several	ADJ
dem-18451	41	15	ways	way	NOUN
dem-18451	41	16	.	.	PUNCT
dem-18451	42	1	first	first	ADV
dem-18451	42	2	,	,	PUNCT
dem-18451	42	3	we	we	PRON
dem-18451	42	4	have	have	AUX
dem-18451	42	5	used	use	VERB
dem-18451	42	6	the	the	DET
dem-18451	42	7	fairly	fairly	ADV
dem-18451	42	8	-	-	PUNCT
dem-18451	42	9	recently	recently	ADV
dem-18451	42	10	developed	develop	VERB
dem-18451	42	11	unit	unit	NOUN
dem-18451	42	12	root	root	NOUN
dem-18451	42	13	test	test	NOUN
dem-18451	42	14	that	that	PRON
dem-18451	42	15	has	have	VERB
dem-18451	42	16	better	well	ADJ
dem-18451	42	17	size	size	NOUN
dem-18451	42	18	and	and	CCONJ
dem-18451	42	19	power	power	NOUN
dem-18451	42	20	properties	property	NOUN
dem-18451	42	21	than	than	ADP
dem-18451	42	22	the	the	DET
dem-18451	42	23	widely	widely	ADV
dem-18451	42	24	used	use	VERB
dem-18451	42	25	phillips	phillip	NOUN
dem-18451	42	26	perron	perron	PROPN
dem-18451	42	27	(	(	PUNCT
dem-18451	42	28	pp	pp	ADJ
dem-18451	42	29	)	)	PUNCT
dem-18451	42	30	test	test	NOUN
dem-18451	42	31	and	and	CCONJ
dem-18451	42	32	the	the	DET
dem-18451	42	33	augmented	augment	VERB
dem-18451	42	34	dickey	dickey	NOUN
dem-18451	42	35	-	-	PUNCT
dem-18451	42	36	fuller	full	ADJ
dem-18451	42	37	(	(	PUNCT
dem-18451	42	38	adf	adf	NOUN
dem-18451	42	39	)	)	PUNCT
dem-18451	42	40	test	test	NOUN
dem-18451	42	41	.	.	PUNCT
dem-18451	43	1	second	second	ADV
dem-18451	43	2	,	,	PUNCT
dem-18451	43	3	our	our	PRON
dem-18451	43	4	research	research	NOUN
dem-18451	43	5	uses	use	VERB
dem-18451	43	6	recent	recent	ADJ
dem-18451	43	7	data	datum	NOUN
dem-18451	43	8	that	that	PRON
dem-18451	43	9	covers	cover	VERB
dem-18451	43	10	a	a	DET
dem-18451	43	11	longer	long	ADJ
dem-18451	43	12	period	period	NOUN
dem-18451	43	13	of	of	ADP
dem-18451	43	14	time	time	NOUN
dem-18451	43	15	than	than	ADP
dem-18451	43	16	the	the	DET
dem-18451	43	17	existing	exist	VERB
dem-18451	43	18	literature	literature	NOUN
dem-18451	43	19	and	and	CCONJ
dem-18451	43	20	includes	include	VERB
dem-18451	43	21	the	the	DET
dem-18451	43	22	exchange	exchange	NOUN
dem-18451	43	23	rate	rate	NOUN
dem-18451	43	24	,	,	PUNCT
dem-18451	43	25	the	the	DET
dem-18451	43	26	additional	additional	ADJ
dem-18451	43	27	variable	variable	NOUN
dem-18451	43	28	excluded	exclude	VERB
dem-18451	43	29	in	in	ADP
dem-18451	43	30	most	most	ADJ
dem-18451	43	31	of	of	ADP
dem-18451	43	32	the	the	DET
dem-18451	43	33	existing	exist	VERB
dem-18451	43	34	papers	paper	NOUN
dem-18451	43	35	in	in	ADP
dem-18451	43	36	the	the	DET
dem-18451	43	37	context	context	NOUN
dem-18451	43	38	of	of	ADP
dem-18451	43	39	nepalese	nepalese	ADJ
dem-18451	43	40	data	datum	NOUN
dem-18451	43	41	.	.	PUNCT
dem-18451	44	1	we	we	PRON
dem-18451	44	2	have	have	AUX
dem-18451	44	3	found	find	VERB
dem-18451	44	4	that	that	SCONJ
dem-18451	44	5	this	this	DET
dem-18451	44	6	variable	variable	NOUN
dem-18451	44	7	has	have	VERB
dem-18451	44	8	causal	causal	ADJ
dem-18451	44	9	relationship	relationship	NOUN
dem-18451	44	10	with	with	ADP
dem-18451	44	11	the	the	DET
dem-18451	44	12	gold	gold	NOUN
dem-18451	44	13	price	price	NOUN
dem-18451	44	14	and	and	CCONJ
dem-18451	44	15	the	the	DET
dem-18451	44	16	nepse	nepse	PROPN
dem-18451	44	17	index	index	NOUN
dem-18451	44	18	.	.	PUNCT
dem-18451	45	1	finally	finally	ADV
dem-18451	45	2	,	,	PUNCT
dem-18451	45	3	we	we	PRON
dem-18451	45	4	examine	examine	VERB
dem-18451	45	5	both	both	CCONJ
dem-18451	45	6	short	short	ADJ
dem-18451	45	7	and	and	CCONJ
dem-18451	45	8	long	long	ADV
dem-18451	45	9	-	-	PUNCT
dem-18451	45	10	run	run	VERB
dem-18451	45	11	causal	causal	ADJ
dem-18451	45	12	relationships	relationship	NOUN
dem-18451	45	13	between	between	ADP
dem-18451	45	14	the	the	DET
dem-18451	45	15	nepse	nepse	PROPN
dem-18451	45	16	index	index	NOUN
dem-18451	45	17	,	,	PUNCT
dem-18451	45	18	the	the	DET
dem-18451	45	19	interest	interest	NOUN
dem-18451	45	20	rate	rate	NOUN
dem-18451	45	21	,	,	PUNCT
dem-18451	45	22	gold	gold	NOUN
dem-18451	45	23	price	price	NOUN
dem-18451	45	24	,	,	PUNCT
dem-18451	45	25	and	and	CCONJ
dem-18451	45	26	the	the	DET
dem-18451	45	27	usd	usd	NOUN
dem-18451	45	28	exchange	exchange	NOUN
dem-18451	45	29	rate	rate	NOUN
dem-18451	45	30	.	.	PUNCT
dem-18451	46	1	the	the	DET
dem-18451	46	2	rest	rest	NOUN
dem-18451	46	3	of	of	ADP
dem-18451	46	4	the	the	DET
dem-18451	46	5	paper	paper	NOUN
dem-18451	46	6	is	be	AUX
dem-18451	46	7	organized	organize	VERB
dem-18451	46	8	as	as	SCONJ
dem-18451	46	9	follows	follow	VERB
dem-18451	46	10	.	.	PUNCT
dem-18451	47	1	a	a	DET
dem-18451	47	2	review	review	NOUN
dem-18451	47	3	of	of	ADP
dem-18451	47	4	previous	previous	ADJ
dem-18451	47	5	empirical	empirical	ADJ
dem-18451	47	6	studies	study	NOUN
dem-18451	47	7	is	be	AUX
dem-18451	47	8	carried	carry	VERB
dem-18451	47	9	out	out	ADP
dem-18451	47	10	in	in	ADP
dem-18451	47	11	section	section	NOUN
dem-18451	47	12	1	1	NUM
dem-18451	47	13	.	.	PUNCT
dem-18451	48	1	a	a	DET
dem-18451	48	2	detailed	detailed	ADJ
dem-18451	48	3	description	description	NOUN
dem-18451	48	4	of	of	ADP
dem-18451	48	5	the	the	DET
dem-18451	48	6	data	datum	NOUN
dem-18451	48	7	and	and	CCONJ
dem-18451	48	8	the	the	DET
dem-18451	48	9	variables	variable	NOUN
dem-18451	48	10	used	use	VERB
dem-18451	48	11	in	in	ADP
dem-18451	48	12	the	the	DET
dem-18451	48	13	study	study	NOUN
dem-18451	48	14	are	be	AUX
dem-18451	48	15	presented	present	VERB
dem-18451	48	16	in	in	ADP
dem-18451	48	17	section	section	NOUN
dem-18451	48	18	2	2	NUM
dem-18451	48	19	.	.	PUNCT
dem-18451	49	1	the	the	DET
dem-18451	49	2	econometric	econometric	ADJ
dem-18451	49	3	methodology	methodology	NOUN
dem-18451	49	4	used	use	VERB
dem-18451	49	5	in	in	ADP
dem-18451	49	6	the	the	DET
dem-18451	49	7	study	study	NOUN
dem-18451	49	8	and	and	CCONJ
dem-18451	49	9	discussion	discussion	NOUN
dem-18451	49	10	of	of	ADP
dem-18451	49	11	the	the	DET
dem-18451	49	12	empirical	empirical	ADJ
dem-18451	49	13	results	result	NOUN
dem-18451	49	14	are	be	AUX
dem-18451	49	15	presented	present	VERB
dem-18451	49	16	in	in	ADP
dem-18451	49	17	section	section	NOUN
dem-18451	49	18	3	3	NUM
dem-18451	49	19	.	.	PUNCT
dem-18451	50	1	the	the	DET
dem-18451	50	2	last	last	ADJ
dem-18451	50	3	section	section	NOUN
dem-18451	50	4	concludes	conclude	VERB
dem-18451	50	5	the	the	DET
dem-18451	50	6	paper	paper	NOUN
dem-18451	50	7	.	.	PUNCT
dem-18451	51	1	1	1	X
dem-18451	51	2	.	.	X
dem-18451	51	3	literature	literature	NOUN
dem-18451	51	4	review	review	VERB
dem-18451	51	5	the	the	DET
dem-18451	51	6	study	study	NOUN
dem-18451	51	7	of	of	ADP
dem-18451	51	8	the	the	DET
dem-18451	51	9	causal	causal	ADJ
dem-18451	51	10	relationship	relationship	NOUN
dem-18451	51	11	between	between	ADP
dem-18451	51	12	stock	stock	NOUN
dem-18451	51	13	prices	price	NOUN
dem-18451	51	14	and	and	CCONJ
dem-18451	51	15	macroeconomic	macroeconomic	ADJ
dem-18451	51	16	variables	variable	NOUN
dem-18451	51	17	has	have	AUX
dem-18451	51	18	received	receive	VERB
dem-18451	51	19	considerable	considerable	ADJ
dem-18451	51	20	attention	attention	NOUN
dem-18451	51	21	in	in	ADP
dem-18451	51	22	the	the	DET
dem-18451	51	23	literature	literature	NOUN
dem-18451	51	24	.	.	PUNCT
dem-18451	52	1	these	these	DET
dem-18451	52	2	studies	study	NOUN
dem-18451	52	3	have	have	AUX
dem-18451	52	4	used	use	VERB
dem-18451	52	5	different	different	ADJ
dem-18451	52	6	macroeconomic	macroeconomic	ADJ
dem-18451	52	7	variables	variable	NOUN
dem-18451	52	8	and	and	CCONJ
dem-18451	52	9	data	datum	NOUN
dem-18451	52	10	from	from	ADP
dem-18451	52	11	both	both	CCONJ
dem-18451	52	12	developed	developed	ADJ
dem-18451	52	13	and	and	CCONJ
dem-18451	52	14	developing	develop	VERB
dem-18451	52	15	countries	country	NOUN
dem-18451	52	16	.	.	PUNCT
dem-18451	53	1	in	in	ADP
dem-18451	53	2	this	this	DET
dem-18451	53	3	section	section	NOUN
dem-18451	53	4	,	,	PUNCT
dem-18451	53	5	we	we	PRON
dem-18451	53	6	review	review	VERB
dem-18451	53	7	a	a	DET
dem-18451	53	8	selected	select	VERB
dem-18451	53	9	number	number	NOUN
dem-18451	53	10	of	of	ADP
dem-18451	53	11	research	research	NOUN
dem-18451	53	12	articles	article	NOUN
dem-18451	53	13	from	from	ADP
dem-18451	53	14	a	a	DET
dem-18451	53	15	plethora	plethora	NOUN
dem-18451	53	16	of	of	ADP
dem-18451	53	17	publications	publication	NOUN
dem-18451	53	18	.	.	PUNCT
dem-18451	54	1	alam	alam	PROPN
dem-18451	54	2	and	and	CCONJ
dem-18451	54	3	uddin	uddin	PROPN
dem-18451	54	4	(	(	PUNCT
dem-18451	54	5	2009	2009	NUM
dem-18451	54	6	)	)	PUNCT
dem-18451	54	7	examined	examine	VERB
dem-18451	54	8	the	the	DET
dem-18451	54	9	relationship	relationship	NOUN
dem-18451	54	10	between	between	ADP
dem-18451	54	11	stock	stock	NOUN
dem-18451	54	12	prices	price	NOUN
dem-18451	54	13	and	and	CCONJ
dem-18451	54	14	interest	interest	NOUN
dem-18451	54	15	rates	rate	NOUN
dem-18451	54	16	for	for	ADP
dem-18451	54	17	fifteen	fifteen	NUM
dem-18451	54	18	developed	developed	ADJ
dem-18451	54	19	and	and	CCONJ
dem-18451	54	20	developing	develop	VERB
dem-18451	54	21	countries	country	NOUN
dem-18451	54	22	:	:	PUNCT
dem-18451	54	23	australia	australia	PROPN
dem-18451	54	24	,	,	PUNCT
dem-18451	54	25	bangladesh	bangladesh	PROPN
dem-18451	54	26	,	,	PUNCT
dem-18451	54	27	canada	canada	PROPN
dem-18451	54	28	,	,	PUNCT
dem-18451	54	29	chile	chile	PROPN
dem-18451	54	30	,	,	PUNCT
dem-18451	54	31	colombia	colombia	PROPN
dem-18451	54	32	,	,	PUNCT
dem-18451	54	33	germany	germany	PROPN
dem-18451	54	34	,	,	PUNCT
dem-18451	54	35	italy	italy	PROPN
dem-18451	54	36	,	,	PUNCT
dem-18451	54	37	jamaica	jamaica	PROPN
dem-18451	54	38	,	,	PUNCT
dem-18451	54	39	japan	japan	PROPN
dem-18451	54	40	,	,	PUNCT
dem-18451	54	41	malaysia	malaysia	PROPN
dem-18451	54	42	,	,	PUNCT
dem-18451	54	43	mexico	mexico	PROPN
dem-18451	54	44	,	,	PUNCT
dem-18451	54	45	philippine	philippine	PROPN
dem-18451	54	46	,	,	PUNCT
dem-18451	54	47	south	south	PROPN
dem-18451	54	48	africa	africa	PROPN
dem-18451	54	49	,	,	PUNCT
dem-18451	54	50	spain	spain	PROPN
dem-18451	54	51	,	,	PUNCT
dem-18451	54	52	and	and	CCONJ
dem-18451	54	53	venezuela	venezuela	PROPN
dem-18451	54	54	based	base	VERB
dem-18451	54	55	on	on	ADP
dem-18451	54	56	monthly	monthly	ADJ
dem-18451	54	57	data	datum	NOUN
dem-18451	54	58	from	from	ADP
dem-18451	54	59	january	january	PROPN
dem-18451	54	60	1988	1988	NUM
dem-18451	54	61	to	to	ADP
dem-18451	54	62	march	march	PROPN
dem-18451	54	63	2003	2003	NUM
dem-18451	54	64	.	.	PUNCT
dem-18451	55	1	for	for	ADP
dem-18451	55	2	all	all	DET
dem-18451	55	3	the	the	DET
dem-18451	55	4	countries	country	NOUN
dem-18451	55	5	in	in	ADP
dem-18451	55	6	their	their	PRON
dem-18451	55	7	sample	sample	NOUN
dem-18451	55	8	,	,	PUNCT
dem-18451	55	9	they	they	PRON
dem-18451	55	10	found	find	VERB
dem-18451	55	11	a	a	DET
dem-18451	55	12	significant	significant	ADJ
dem-18451	55	13	negative	negative	ADJ
dem-18451	55	14	relationship	relationship	NOUN
dem-18451	55	15	between	between	ADP
dem-18451	55	16	interest	interest	NOUN
dem-18451	55	17	rate	rate	NOUN
dem-18451	55	18	and	and	CCONJ
dem-18451	55	19	share	share	NOUN
dem-18451	55	20	price	price	NOUN
dem-18451	55	21	,	,	PUNCT
dem-18451	55	22	and	and	CCONJ
dem-18451	55	23	for	for	ADP
dem-18451	55	24	six	six	NUM
dem-18451	55	25	countries	country	NOUN
dem-18451	55	26	,	,	PUNCT
dem-18451	55	27	they	they	PRON
dem-18451	55	28	found	find	VERB
dem-18451	55	29	a	a	DET
dem-18451	55	30	significant	significant	ADJ
dem-18451	55	31	negative	negative	ADJ
dem-18451	55	32	relationship	relationship	NOUN
dem-18451	55	33	between	between	ADP
dem-18451	55	34	changes	change	NOUN
dem-18451	55	35	of	of	ADP
dem-18451	55	36	interest	interest	NOUN
dem-18451	55	37	rate	rate	NOUN
dem-18451	55	38	and	and	CCONJ
dem-18451	55	39	changes	change	NOUN
dem-18451	55	40	of	of	ADP
dem-18451	55	41	share	share	NOUN
dem-18451	55	42	price	price	NOUN
dem-18451	55	43	.	.	PUNCT
dem-18451	56	1	so	so	ADV
dem-18451	56	2	,	,	PUNCT
dem-18451	56	3	a	a	DET
dem-18451	56	4	considerable	considerable	ADJ
dem-18451	56	5	control	control	NOUN
dem-18451	56	6	in	in	ADP
dem-18451	56	7	interest	interest	NOUN
dem-18451	56	8	rate	rate	NOUN
dem-18451	56	9	would	would	AUX
dem-18451	56	10	be	be	AUX
dem-18451	56	11	of	of	ADP
dem-18451	56	12	a	a	DET
dem-18451	56	13	great	great	ADJ
dem-18451	56	14	benefit	benefit	NOUN
dem-18451	56	15	to	to	ADP
dem-18451	56	16	these	these	DET
dem-18451	56	17	countries	country	NOUN
dem-18451	56	18	’	'	PUNCT
dem-18451	56	19	stock	stock	NOUN
dem-18451	56	20	exchange	exchange	NOUN
dem-18451	56	21	through	through	ADP
dem-18451	56	22	a	a	DET
dem-18451	56	23	demand	demand	NOUN
dem-18451	56	24	-	-	PUNCT
dem-18451	56	25	pull	pull	NOUN
dem-18451	56	26	mechanism	mechanism	NOUN
dem-18451	56	27	,	,	PUNCT
dem-18451	56	28	by	by	ADP
dem-18451	56	29	way	way	NOUN
dem-18451	56	30	of	of	ADP
dem-18451	56	31	more	more	ADJ
dem-18451	56	32	investors	investor	NOUN
dem-18451	56	33	in	in	ADP
dem-18451	56	34	share	share	NOUN
dem-18451	56	35	market	market	NOUN
dem-18451	56	36	,	,	PUNCT
dem-18451	56	37	and	and	CCONJ
dem-18451	56	38	supply	supply	NOUN
dem-18451	56	39	-	-	PUNCT
dem-18451	56	40	push	push	NOUN
dem-18451	56	41	mechanism	mechanism	NOUN
dem-18451	56	42	,	,	PUNCT
dem-18451	56	43	by	by	ADP
dem-18451	56	44	way	way	NOUN
dem-18451	56	45	of	of	ADP
dem-18451	56	46	more	more	ADJ
dem-18451	56	47	investment	investment	NOUN
dem-18451	56	48	by	by	ADP
dem-18451	56	49	companies	company	NOUN
dem-18451	56	50	.	.	PUNCT
dem-18451	57	1	ratanapakorn	ratanapakorn	ADJ
dem-18451	57	2	and	and	CCONJ
dem-18451	57	3	sharma	sharma	PROPN
dem-18451	57	4	(	(	PUNCT
dem-18451	57	5	2007	2007	NUM
dem-18451	57	6	)	)	PUNCT
dem-18451	57	7	studied	study	VERB
dem-18451	57	8	the	the	DET
dem-18451	57	9	long	long	ADJ
dem-18451	57	10	-	-	PUNCT
dem-18451	57	11	term	term	NOUN
dem-18451	57	12	and	and	CCONJ
dem-18451	57	13	short	short	ADJ
dem-18451	57	14	-	-	PUNCT
dem-18451	57	15	term	term	NOUN
dem-18451	57	16	relationships	relationship	NOUN
dem-18451	57	17	among	among	ADP
dem-18451	57	18	the	the	DET
dem-18451	57	19	us	us	PROPN
dem-18451	57	20	stock	stock	NOUN
dem-18451	57	21	price	price	NOUN
dem-18451	57	22	index	index	NOUN
dem-18451	57	23	(	(	PUNCT
dem-18451	57	24	s&p	s&p	PROPN
dem-18451	57	25	500	500	NUM
dem-18451	57	26	)	)	PUNCT
dem-18451	57	27	and	and	CCONJ
dem-18451	57	28	macroeconomic	macroeconomic	ADJ
dem-18451	57	29	variables	variable	NOUN
dem-18451	57	30	from	from	ADP
dem-18451	57	31	the	the	DET
dem-18451	57	32	first	first	ADJ
dem-18451	57	33	quarter	quarter	NOUN
dem-18451	57	34	of	of	ADP
dem-18451	57	35	1975	1975	NUM
dem-18451	57	36	to	to	ADP
dem-18451	57	37	the	the	DET
dem-18451	57	38	fourth	fourth	ADJ
dem-18451	57	39	quarter	quarter	NOUN
dem-18451	57	40	of	of	ADP
dem-18451	57	41	1999	1999	NUM
dem-18451	57	42	.	.	PUNCT
dem-18451	58	1	they	they	PRON
dem-18451	58	2	document	document	VERB
dem-18451	58	3	that	that	SCONJ
dem-18451	58	4	the	the	DET
dem-18451	58	5	s&p	s&p	PROPN
dem-18451	58	6	500	500	NUM
dem-18451	58	7	average	average	ADJ
dem-18451	58	8	and	and	CCONJ
dem-18451	58	9	long	long	ADJ
dem-18451	58	10	-	-	PUNCT
dem-18451	58	11	term	term	NOUN
dem-18451	58	12	interest	interest	NOUN
dem-18451	58	13	rates	rate	NOUN
dem-18451	58	14	are	be	AUX
dem-18451	58	15	negatively	negatively	ADV
dem-18451	58	16	correlated	correlate	VERB
dem-18451	58	17	while	while	SCONJ
dem-18451	58	18	the	the	DET
dem-18451	58	19	money	money	NOUN
dem-18451	58	20	supply	supply	NOUN
dem-18451	58	21	,	,	PUNCT
dem-18451	58	22	industrial	industrial	ADJ
dem-18451	58	23	production	production	NOUN
dem-18451	58	24	index	index	NOUN
dem-18451	58	25	,	,	PUNCT
dem-18451	58	26	inflation	inflation	NOUN
dem-18451	58	27	rate	rate	NOUN
dem-18451	58	28	,	,	PUNCT
dem-18451	58	29	mitra	mitra	PROPN
dem-18451	58	30	lal	lal	PROPN
dem-18451	58	31	devkota	devkota	PROPN
dem-18451	58	32	,	,	PUNCT
dem-18451	58	33	humnath	humnath	NOUN
dem-18451	58	34	panta	panta	PROPN
dem-18451	58	35	dynamic	dynamic	ADJ
dem-18451	58	36	econometric	econometric	ADJ
dem-18451	58	37	models	model	NOUN
dem-18451	58	38	18	18	NUM
dem-18451	58	39	(	(	PUNCT
dem-18451	58	40	2018	2018	NUM
dem-18451	58	41	)	)	PUNCT
dem-18451	58	42	49–65	49–65	NUM
dem-18451	58	43	52	52	NUM
dem-18451	58	44	exchange	exchange	NOUN
dem-18451	58	45	rate	rate	NOUN
dem-18451	58	46	,	,	PUNCT
dem-18451	58	47	and	and	CCONJ
dem-18451	58	48	short	short	ADJ
dem-18451	58	49	-	-	PUNCT
dem-18451	58	50	term	term	NOUN
dem-18451	58	51	interest	interest	NOUN
dem-18451	58	52	rates	rate	NOUN
dem-18451	58	53	are	be	AUX
dem-18451	58	54	positively	positively	ADV
dem-18451	58	55	correlated	correlate	VERB
dem-18451	58	56	.	.	PUNCT
dem-18451	59	1	their	their	PRON
dem-18451	59	2	causality	causality	NOUN
dem-18451	59	3	analysis	analysis	NOUN
dem-18451	59	4	revealed	reveal	VERB
dem-18451	59	5	that	that	SCONJ
dem-18451	59	6	every	every	DET
dem-18451	59	7	macroeconomic	macroeconomic	ADJ
dem-18451	59	8	variable	variable	NOUN
dem-18451	59	9	considered	consider	VERB
dem-18451	59	10	caused	cause	VERB
dem-18451	59	11	the	the	DET
dem-18451	59	12	stock	stock	NOUN
dem-18451	59	13	price	price	NOUN
dem-18451	59	14	in	in	ADP
dem-18451	59	15	the	the	DET
dem-18451	59	16	long	long	ADV
dem-18451	59	17	-	-	PUNCT
dem-18451	59	18	run	run	NOUN
dem-18451	59	19	but	but	CCONJ
dem-18451	59	20	not	not	PART
dem-18451	59	21	in	in	ADP
dem-18451	59	22	the	the	DET
dem-18451	59	23	short	short	ADJ
dem-18451	59	24	-	-	PUNCT
dem-18451	59	25	run	run	NOUN
dem-18451	59	26	.	.	PUNCT
dem-18451	60	1	graham	graham	PROPN
dem-18451	60	2	(	(	PUNCT
dem-18451	60	3	2001	2001	NUM
dem-18451	60	4	)	)	PUNCT
dem-18451	60	5	examined	examine	VERB
dem-18451	60	6	the	the	DET
dem-18451	60	7	relationship	relationship	NOUN
dem-18451	60	8	between	between	ADP
dem-18451	60	9	the	the	DET
dem-18451	60	10	price	price	NOUN
dem-18451	60	11	of	of	ADP
dem-18451	60	12	gold	gold	NOUN
dem-18451	60	13	and	and	CCONJ
dem-18451	60	14	stock	stock	NOUN
dem-18451	60	15	price	price	NOUN
dem-18451	60	16	for	for	ADP
dem-18451	60	17	the	the	DET
dem-18451	60	18	us	we	PRON
dem-18451	60	19	over	over	ADP
dem-18451	60	20	the	the	DET
dem-18451	60	21	period	period	NOUN
dem-18451	60	22	from	from	ADP
dem-18451	60	23	january	january	PROPN
dem-18451	60	24	,	,	PUNCT
dem-18451	60	25	1991	1991	NUM
dem-18451	60	26	to	to	ADP
dem-18451	60	27	october	october	PROPN
dem-18451	60	28	,	,	PUNCT
dem-18451	60	29	2001	2001	NUM
dem-18451	60	30	using	use	VERB
dem-18451	60	31	four	four	NUM
dem-18451	60	32	gold	gold	NOUN
dem-18451	60	33	prices	price	NOUN
dem-18451	60	34	and	and	CCONJ
dem-18451	60	35	six	six	NUM
dem-18451	60	36	stock	stock	NOUN
dem-18451	60	37	price	price	NOUN
dem-18451	60	38	indices	index	NOUN
dem-18451	60	39	.	.	PUNCT
dem-18451	61	1	his	his	PRON
dem-18451	61	2	analysis	analysis	NOUN
dem-18451	61	3	revealed	reveal	VERB
dem-18451	61	4	an	an	DET
dem-18451	61	5	evidence	evidence	NOUN
dem-18451	61	6	of	of	ADP
dem-18451	61	7	a	a	DET
dem-18451	61	8	unidirectional	unidirectional	ADJ
dem-18451	61	9	causality	causality	NOUN
dem-18451	61	10	from	from	ADP
dem-18451	61	11	stock	stock	NOUN
dem-18451	61	12	price	price	NOUN
dem-18451	61	13	to	to	ADP
dem-18451	61	14	returns	return	NOUN
dem-18451	61	15	on	on	ADP
dem-18451	61	16	the	the	DET
dem-18451	61	17	gold	gold	NOUN
dem-18451	61	18	price	price	NOUN
dem-18451	61	19	set	set	VERB
dem-18451	61	20	in	in	ADP
dem-18451	61	21	the	the	DET
dem-18451	61	22	london	london	PROPN
dem-18451	61	23	morning	morning	NOUN
dem-18451	61	24	fixing	fixing	NOUN
dem-18451	61	25	and	and	CCONJ
dem-18451	61	26	the	the	DET
dem-18451	61	27	closing	closing	NOUN
dem-18451	61	28	price	price	NOUN
dem-18451	61	29	.	.	PUNCT
dem-18451	62	1	however	however	ADV
dem-18451	62	2	,	,	PUNCT
dem-18451	62	3	for	for	ADP
dem-18451	62	4	the	the	DET
dem-18451	62	5	price	price	NOUN
dem-18451	62	6	set	set	VERB
dem-18451	62	7	in	in	ADP
dem-18451	62	8	the	the	DET
dem-18451	62	9	afternoon	afternoon	NOUN
dem-18451	62	10	fixing	fixing	NOUN
dem-18451	62	11	,	,	PUNCT
dem-18451	62	12	his	his	PRON
dem-18451	62	13	analysis	analysis	NOUN
dem-18451	62	14	shows	show	VERB
dem-18451	62	15	an	an	DET
dem-18451	62	16	evidence	evidence	NOUN
dem-18451	62	17	of	of	ADP
dem-18451	62	18	feedback	feedback	NOUN
dem-18451	62	19	relationship	relationship	NOUN
dem-18451	62	20	between	between	ADP
dem-18451	62	21	the	the	DET
dem-18451	62	22	gold	gold	NOUN
dem-18451	62	23	price	price	NOUN
dem-18451	62	24	and	and	CCONJ
dem-18451	62	25	the	the	DET
dem-18451	62	26	stock	stock	NOUN
dem-18451	62	27	price	price	NOUN
dem-18451	62	28	.	.	PUNCT
dem-18451	63	1	levin	levin	PROPN
dem-18451	63	2	,	,	PUNCT
dem-18451	63	3	montagnoli	montagnoli	PROPN
dem-18451	63	4	and	and	CCONJ
dem-18451	63	5	wright	wright	PROPN
dem-18451	63	6	,	,	PUNCT
dem-18451	63	7	(	(	PUNCT
dem-18451	63	8	2006	2006	NUM
dem-18451	63	9	)	)	PUNCT
dem-18451	63	10	presented	present	VERB
dem-18451	63	11	the	the	DET
dem-18451	63	12	short	short	ADJ
dem-18451	63	13	-	-	PUNCT
dem-18451	63	14	run	run	NOUN
dem-18451	63	15	and	and	CCONJ
dem-18451	63	16	long	long	ADV
dem-18451	63	17	-	-	PUNCT
dem-18451	63	18	run	run	VERB
dem-18451	63	19	determinants	determinant	NOUN
dem-18451	63	20	of	of	ADP
dem-18451	63	21	the	the	DET
dem-18451	63	22	price	price	NOUN
dem-18451	63	23	of	of	ADP
dem-18451	63	24	gold	gold	NOUN
dem-18451	63	25	using	use	VERB
dem-18451	63	26	the	the	DET
dem-18451	63	27	theoretical	theoretical	ADJ
dem-18451	63	28	framework	framework	NOUN
dem-18451	63	29	of	of	ADP
dem-18451	63	30	supply	supply	NOUN
dem-18451	63	31	and	and	CCONJ
dem-18451	63	32	demand	demand	NOUN
dem-18451	63	33	.	.	PUNCT
dem-18451	64	1	they	they	PRON
dem-18451	64	2	revealed	reveal	VERB
dem-18451	64	3	that	that	SCONJ
dem-18451	64	4	total	total	ADJ
dem-18451	64	5	supply	supply	NOUN
dem-18451	64	6	of	of	ADP
dem-18451	64	7	gold	gold	NOUN
dem-18451	64	8	is	be	AUX
dem-18451	64	9	a	a	DET
dem-18451	64	10	function	function	NOUN
dem-18451	64	11	of	of	ADP
dem-18451	64	12	the	the	DET
dem-18451	64	13	gold	gold	NOUN
dem-18451	64	14	price	price	NOUN
dem-18451	64	15	.	.	PUNCT
dem-18451	65	1	they	they	PRON
dem-18451	65	2	also	also	ADV
dem-18451	65	3	concluded	conclude	VERB
dem-18451	65	4	that	that	SCONJ
dem-18451	65	5	fluctuations	fluctuation	NOUN
dem-18451	65	6	in	in	ADP
dem-18451	65	7	the	the	DET
dem-18451	65	8	gold	gold	NOUN
dem-18451	65	9	price	price	NOUN
dem-18451	65	10	are	be	AUX
dem-18451	65	11	caused	cause	VERB
dem-18451	65	12	by	by	ADP
dem-18451	65	13	political	political	ADJ
dem-18451	65	14	stability	stability	NOUN
dem-18451	65	15	,	,	PUNCT
dem-18451	65	16	financial	financial	ADJ
dem-18451	65	17	turmoil	turmoil	NOUN
dem-18451	65	18	,	,	PUNCT
dem-18451	65	19	changes	change	NOUN
dem-18451	65	20	in	in	ADP
dem-18451	65	21	exchange	exchange	NOUN
dem-18451	65	22	rates	rate	NOUN
dem-18451	65	23	and	and	CCONJ
dem-18451	65	24	real	real	ADJ
dem-18451	65	25	interest	interest	NOUN
dem-18451	65	26	rates	rate	NOUN
dem-18451	65	27	.	.	PUNCT
dem-18451	66	1	smith	smith	PROPN
dem-18451	66	2	(	(	PUNCT
dem-18451	66	3	2001	2001	NUM
dem-18451	66	4	)	)	PUNCT
dem-18451	66	5	investigated	investigate	VERB
dem-18451	66	6	the	the	DET
dem-18451	66	7	short	short	ADJ
dem-18451	66	8	-	-	PUNCT
dem-18451	66	9	term	term	NOUN
dem-18451	66	10	and	and	CCONJ
dem-18451	66	11	long	long	ADJ
dem-18451	66	12	-	-	PUNCT
dem-18451	66	13	term	term	NOUN
dem-18451	66	14	relationships	relationship	NOUN
dem-18451	66	15	between	between	ADP
dem-18451	66	16	the	the	DET
dem-18451	66	17	gold	gold	NOUN
dem-18451	66	18	price	price	NOUN
dem-18451	66	19	and	and	CCONJ
dem-18451	66	20	stock	stock	NOUN
dem-18451	66	21	exchange	exchange	NOUN
dem-18451	66	22	price	price	NOUN
dem-18451	66	23	index	index	NOUN
dem-18451	66	24	using	use	VERB
dem-18451	66	25	daily	daily	ADV
dem-18451	66	26	,	,	PUNCT
dem-18451	66	27	weekly	weekly	ADJ
dem-18451	66	28	and	and	CCONJ
dem-18451	66	29	monthly	monthly	ADJ
dem-18451	66	30	time	time	NOUN
dem-18451	66	31	series	series	PROPN
dem-18451	66	32	data	datum	NOUN
dem-18451	66	33	from	from	ADP
dem-18451	66	34	1991	1991	NUM
dem-18451	66	35	to	to	ADP
dem-18451	66	36	2001	2001	NUM
dem-18451	66	37	.	.	PUNCT
dem-18451	67	1	four	four	NUM
dem-18451	67	2	gold	gold	NOUN
dem-18451	67	3	prices	price	NOUN
dem-18451	67	4	and	and	CCONJ
dem-18451	67	5	six	six	NUM
dem-18451	67	6	stock	stock	NOUN
dem-18451	67	7	exchange	exchange	NOUN
dem-18451	67	8	indices	index	NOUN
dem-18451	67	9	were	be	AUX
dem-18451	67	10	included	include	VERB
dem-18451	67	11	in	in	ADP
dem-18451	67	12	the	the	DET
dem-18451	67	13	study	study	NOUN
dem-18451	67	14	.	.	PUNCT
dem-18451	68	1	he	he	PRON
dem-18451	68	2	found	find	VERB
dem-18451	68	3	no	no	DET
dem-18451	68	4	bilateral	bilateral	ADJ
dem-18451	68	5	long	long	ADJ
dem-18451	68	6	-	-	PUNCT
dem-18451	68	7	run	run	NOUN
dem-18451	68	8	relationship	relationship	NOUN
dem-18451	68	9	,	,	PUNCT
dem-18451	68	10	or	or	CCONJ
dem-18451	68	11	cointegration	cointegration	NOUN
dem-18451	68	12	,	,	PUNCT
dem-18451	68	13	between	between	ADP
dem-18451	68	14	a	a	DET
dem-18451	68	15	gold	gold	NOUN
dem-18451	68	16	price	price	NOUN
dem-18451	68	17	series	series	NOUN
dem-18451	68	18	and	and	CCONJ
dem-18451	68	19	a	a	DET
dem-18451	68	20	stock	stock	NOUN
dem-18451	68	21	market	market	NOUN
dem-18451	68	22	index	index	NOUN
dem-18451	68	23	.	.	PUNCT
dem-18451	69	1	while	while	SCONJ
dem-18451	69	2	there	there	PRON
dem-18451	69	3	was	be	VERB
dem-18451	69	4	some	some	DET
dem-18451	69	5	evidence	evidence	NOUN
dem-18451	69	6	of	of	ADP
dem-18451	69	7	negative	negative	ADJ
dem-18451	69	8	short	short	ADJ
dem-18451	69	9	-	-	PUNCT
dem-18451	69	10	term	term	NOUN
dem-18451	69	11	granger	granger	NOUN
dem-18451	69	12	causality	causality	NOUN
dem-18451	69	13	running	run	VERB
dem-18451	69	14	from	from	ADP
dem-18451	69	15	us	us	PROPN
dem-18451	69	16	stock	stock	NOUN
dem-18451	69	17	index	index	NOUN
dem-18451	69	18	returns	return	NOUN
dem-18451	69	19	to	to	ADP
dem-18451	69	20	gold	gold	ADJ
dem-18451	69	21	returns	return	NOUN
dem-18451	69	22	,	,	PUNCT
dem-18451	69	23	the	the	DET
dem-18451	69	24	reverse	reverse	NOUN
dem-18451	69	25	was	be	AUX
dem-18451	69	26	not	not	PART
dem-18451	69	27	the	the	DET
dem-18451	69	28	case	case	NOUN
dem-18451	69	29	.	.	PUNCT
dem-18451	70	1	moore	moore	PROPN
dem-18451	70	2	(	(	PUNCT
dem-18451	70	3	1990	1990	NUM
dem-18451	70	4	)	)	PUNCT
dem-18451	70	5	examined	examine	VERB
dem-18451	70	6	the	the	DET
dem-18451	70	7	link	link	NOUN
dem-18451	70	8	between	between	ADP
dem-18451	70	9	anticipated	anticipate	VERB
dem-18451	70	10	inflation	inflation	NOUN
dem-18451	70	11	and	and	CCONJ
dem-18451	70	12	gold	gold	NOUN
dem-18451	70	13	returns	return	NOUN
dem-18451	70	14	,	,	PUNCT
dem-18451	70	15	using	use	VERB
dem-18451	70	16	a	a	DET
dem-18451	70	17	leading	lead	VERB
dem-18451	70	18	index	index	NOUN
dem-18451	70	19	of	of	ADP
dem-18451	70	20	us	we	PRON
dem-18451	70	21	inflation	inflation	NOUN
dem-18451	70	22	from	from	ADP
dem-18451	70	23	1970	1970	NUM
dem-18451	70	24	to	to	ADP
dem-18451	70	25	1988	1988	NUM
dem-18451	70	26	compiled	compile	VERB
dem-18451	70	27	by	by	ADP
dem-18451	70	28	the	the	DET
dem-18451	70	29	colombia	colombia	PROPN
dem-18451	70	30	university	university	PROPN
dem-18451	70	31	business	business	NOUN
dem-18451	70	32	school	school	NOUN
dem-18451	70	33	.	.	PUNCT
dem-18451	71	1	he	he	PRON
dem-18451	71	2	found	find	VERB
dem-18451	71	3	that	that	SCONJ
dem-18451	71	4	gold	gold	NOUN
dem-18451	71	5	price	price	NOUN
dem-18451	71	6	is	be	AUX
dem-18451	71	7	negatively	negatively	ADV
dem-18451	71	8	correlated	correlate	VERB
dem-18451	71	9	with	with	ADP
dem-18451	71	10	stock	stock	NOUN
dem-18451	71	11	/	/	SYM
dem-18451	71	12	bond	bond	NOUN
dem-18451	71	13	markets	market	NOUN
dem-18451	71	14	.	.	PUNCT
dem-18451	72	1	he	he	PRON
dem-18451	72	2	further	far	ADV
dem-18451	72	3	added	add	VERB
dem-18451	72	4	that	that	SCONJ
dem-18451	72	5	gold	gold	NOUN
dem-18451	72	6	was	be	AUX
dem-18451	72	7	an	an	DET
dem-18451	72	8	alternative	alternative	ADJ
dem-18451	72	9	investment	investment	NOUN
dem-18451	72	10	tool	tool	NOUN
dem-18451	72	11	for	for	ADP
dem-18451	72	12	turkish	turkish	ADJ
dem-18451	72	13	investors	investor	NOUN
dem-18451	72	14	.	.	PUNCT
dem-18451	73	1	this	this	DET
dem-18451	73	2	result	result	NOUN
dem-18451	73	3	is	be	AUX
dem-18451	73	4	consistent	consistent	ADJ
dem-18451	73	5	with	with	ADP
dem-18451	73	6	the	the	DET
dem-18451	73	7	finding	finding	NOUN
dem-18451	73	8	of	of	ADP
dem-18451	73	9	buyuksalvarci	buyuksalvarci	VERB
dem-18451	73	10	(	(	PUNCT
dem-18451	73	11	2010	2010	NUM
dem-18451	73	12	)	)	PUNCT
dem-18451	73	13	,	,	PUNCT
dem-18451	73	14	who	who	PRON
dem-18451	73	15	analyzed	analyze	VERB
dem-18451	73	16	the	the	DET
dem-18451	73	17	effects	effect	NOUN
dem-18451	73	18	of	of	ADP
dem-18451	73	19	seven	seven	NUM
dem-18451	73	20	macroeconomic	macroeconomic	ADJ
dem-18451	73	21	variables	variable	NOUN
dem-18451	73	22	(	(	PUNCT
dem-18451	73	23	the	the	DET
dem-18451	73	24	consumer	consumer	NOUN
dem-18451	73	25	price	price	NOUN
dem-18451	73	26	index	index	NOUN
dem-18451	73	27	,	,	PUNCT
dem-18451	73	28	money	money	NOUN
dem-18451	73	29	market	market	NOUN
dem-18451	73	30	interest	interest	NOUN
dem-18451	73	31	rate	rate	NOUN
dem-18451	73	32	,	,	PUNCT
dem-18451	73	33	gold	gold	NOUN
dem-18451	73	34	price	price	NOUN
dem-18451	73	35	,	,	PUNCT
dem-18451	73	36	industrial	industrial	ADJ
dem-18451	73	37	production	production	NOUN
dem-18451	73	38	index	index	NOUN
dem-18451	73	39	,	,	PUNCT
dem-18451	73	40	oil	oil	NOUN
dem-18451	73	41	price	price	NOUN
dem-18451	73	42	,	,	PUNCT
dem-18451	73	43	foreign	foreign	ADJ
dem-18451	73	44	exchange	exchange	NOUN
dem-18451	73	45	rate	rate	NOUN
dem-18451	73	46	,	,	PUNCT
dem-18451	73	47	and	and	CCONJ
dem-18451	73	48	money	money	NOUN
dem-18451	73	49	supply	supply	NOUN
dem-18451	73	50	)	)	PUNCT
dem-18451	73	51	on	on	ADP
dem-18451	73	52	the	the	DET
dem-18451	73	53	turkish	turkish	ADJ
dem-18451	73	54	stock	stock	NOUN
dem-18451	73	55	exchange	exchange	NOUN
dem-18451	73	56	market	market	NOUN
dem-18451	73	57	.	.	PUNCT
dem-18451	74	1	tsoukalas	tsoukalas	PROPN
dem-18451	74	2	(	(	PUNCT
dem-18451	74	3	2003	2003	NUM
dem-18451	74	4	)	)	PUNCT
dem-18451	74	5	studied	study	VERB
dem-18451	74	6	the	the	DET
dem-18451	74	7	relationship	relationship	NOUN
dem-18451	74	8	between	between	ADP
dem-18451	74	9	stock	stock	NOUN
dem-18451	74	10	prices	price	NOUN
dem-18451	74	11	and	and	CCONJ
dem-18451	74	12	the	the	DET
dem-18451	74	13	macroeconomic	macroeconomic	ADJ
dem-18451	74	14	variables	variable	NOUN
dem-18451	74	15	in	in	ADP
dem-18451	74	16	cyprus	cyprus	PROPN
dem-18451	74	17	.	.	PUNCT
dem-18451	75	1	the	the	DET
dem-18451	75	2	results	result	NOUN
dem-18451	75	3	of	of	ADP
dem-18451	75	4	the	the	DET
dem-18451	75	5	study	study	NOUN
dem-18451	75	6	found	find	VERB
dem-18451	75	7	a	a	DET
dem-18451	75	8	strong	strong	ADJ
dem-18451	75	9	relationship	relationship	NOUN
dem-18451	75	10	between	between	ADP
dem-18451	75	11	stock	stock	NOUN
dem-18451	75	12	prices	price	NOUN
dem-18451	75	13	and	and	CCONJ
dem-18451	75	14	exchange	exchange	NOUN
dem-18451	75	15	rates	rate	NOUN
dem-18451	75	16	.	.	PUNCT
dem-18451	76	1	this	this	PRON
dem-18451	76	2	is	be	AUX
dem-18451	76	3	because	because	SCONJ
dem-18451	76	4	the	the	DET
dem-18451	76	5	cypriot	cypriot	ADJ
dem-18451	76	6	economy	economy	NOUN
dem-18451	76	7	depends	depend	VERB
dem-18451	76	8	on	on	ADP
dem-18451	76	9	services	service	NOUN
dem-18451	76	10	(	(	PUNCT
dem-18451	76	11	import	import	NOUN
dem-18451	76	12	sector	sector	NOUN
dem-18451	76	13	)	)	PUNCT
dem-18451	76	14	such	such	ADJ
dem-18451	76	15	as	as	ADP
dem-18451	76	16	tourism	tourism	NOUN
dem-18451	76	17	,	,	PUNCT
dem-18451	76	18	off	off	ADP
dem-18451	76	19	shore	shore	NOUN
dem-18451	76	20	banking	banking	NOUN
dem-18451	76	21	,	,	PUNCT
dem-18451	76	22	etc	etc	X
dem-18451	76	23	.	.	X
dem-18451	77	1	vygodina	vygodina	PROPN
dem-18451	77	2	(	(	PUNCT
dem-18451	77	3	2006	2006	NUM
dem-18451	77	4	)	)	PUNCT
dem-18451	77	5	examined	examine	VERB
dem-18451	77	6	the	the	DET
dem-18451	77	7	relationship	relationship	NOUN
dem-18451	77	8	between	between	ADP
dem-18451	77	9	exchange	exchange	NOUN
dem-18451	77	10	rates	rate	NOUN
dem-18451	77	11	and	and	CCONJ
dem-18451	77	12	stock	stock	NOUN
dem-18451	77	13	prices	price	NOUN
dem-18451	77	14	nexus	nexus	NOUN
dem-18451	77	15	for	for	ADP
dem-18451	77	16	large	large	ADJ
dem-18451	77	17	cap	cap	NOUN
dem-18451	77	18	and	and	CCONJ
dem-18451	77	19	small	small	ADJ
dem-18451	77	20	cap	cap	NOUN
dem-18451	77	21	stocks	stock	NOUN
dem-18451	77	22	for	for	ADP
dem-18451	77	23	the	the	DET
dem-18451	77	24	period	period	NOUN
dem-18451	77	25	from	from	ADP
dem-18451	77	26	1987	1987	NUM
dem-18451	77	27	to	to	ADP
dem-18451	77	28	2005	2005	NUM
dem-18451	77	29	in	in	ADP
dem-18451	77	30	the	the	DET
dem-18451	77	31	usa	usa	PROPN
dem-18451	77	32	.	.	PUNCT
dem-18451	78	1	he	he	PRON
dem-18451	78	2	found	find	VERB
dem-18451	78	3	that	that	SCONJ
dem-18451	78	4	large	large	ADJ
dem-18451	78	5	cap	cap	NOUN
dem-18451	78	6	stocks	stock	NOUN
dem-18451	78	7	granger	granger	PROPN
dem-18451	78	8	cause	cause	VERB
dem-18451	78	9	exchange	exchange	NOUN
dem-18451	78	10	rates	rate	NOUN
dem-18451	78	11	.	.	PUNCT
dem-18451	79	1	however	however	ADV
dem-18451	79	2	,	,	PUNCT
dem-18451	79	3	there	there	PRON
dem-18451	79	4	was	be	VERB
dem-18451	79	5	no	no	DET
dem-18451	79	6	causality	causality	NOUN
dem-18451	79	7	for	for	ADP
dem-18451	79	8	small	small	ADJ
dem-18451	79	9	cap	cap	NOUN
dem-18451	79	10	stocks	stock	NOUN
dem-18451	79	11	.	.	PUNCT
dem-18451	80	1	stock	stock	NOUN
dem-18451	80	2	prices	price	NOUN
dem-18451	80	3	and	and	CCONJ
dem-18451	80	4	exchange	exchange	NOUN
dem-18451	80	5	rates	rate	NOUN
dem-18451	80	6	were	be	AUX
dem-18451	80	7	affected	affect	VERB
dem-18451	80	8	by	by	ADP
dem-18451	80	9	the	the	DET
dem-18451	80	10	same	same	ADJ
dem-18451	80	11	macroeconomic	macroeconomic	ADJ
dem-18451	80	12	variables	variable	NOUN
dem-18451	80	13	and	and	CCONJ
dem-18451	80	14	changes	change	NOUN
dem-18451	80	15	in	in	ADP
dem-18451	80	16	federal	federal	ADJ
dem-18451	80	17	monetary	monetary	ADJ
dem-18451	80	18	policy	policy	NOUN
dem-18451	80	19	in	in	ADP
dem-18451	80	20	the	the	DET
dem-18451	80	21	usa	usa	PROPN
dem-18451	80	22	had	have	VERB
dem-18451	80	23	a	a	DET
dem-18451	80	24	significant	significant	ADJ
dem-18451	80	25	effect	effect	NOUN
dem-18451	80	26	on	on	ADP
dem-18451	80	27	an	an	DET
dem-18451	80	28	enquiry	enquiry	NOUN
dem-18451	80	29	into	into	ADP
dem-18451	80	30	the	the	DET
dem-18451	80	31	effect	effect	NOUN
dem-18451	80	32	of	of	ADP
dem-18451	80	33	the	the	DET
dem-18451	80	34	interest	interest	NOUN
dem-18451	80	35	rate	rate	NOUN
dem-18451	80	36	,	,	PUNCT
dem-18451	80	37	gold	gold	NOUN
dem-18451	80	38	price	price	NOUN
dem-18451	80	39	,	,	PUNCT
dem-18451	80	40	and	and	CCONJ
dem-18451	80	41	the	the	DET
dem-18451	80	42	exchange	exchange	NOUN
dem-18451	80	43	…	…	SYM
dem-18451	80	44	dynamic	dynamic	ADJ
dem-18451	80	45	econometric	econometric	ADJ
dem-18451	80	46	models	model	NOUN
dem-18451	80	47	18	18	NUM
dem-18451	80	48	(	(	PUNCT
dem-18451	80	49	2018	2018	NUM
dem-18451	80	50	)	)	PUNCT
dem-18451	80	51	49–65	49–65	NUM
dem-18451	80	52	53	53	NUM
dem-18451	80	53	the	the	DET
dem-18451	80	54	nature	nature	NOUN
dem-18451	80	55	of	of	ADP
dem-18451	80	56	these	these	DET
dem-18451	80	57	relationships	relationship	NOUN
dem-18451	80	58	.	.	PUNCT
dem-18451	81	1	smyth	smyth	NOUN
dem-18451	81	2	and	and	CCONJ
dem-18451	81	3	nandha	nandha	NOUN
dem-18451	81	4	(	(	PUNCT
dem-18451	81	5	2003	2003	NUM
dem-18451	81	6	)	)	PUNCT
dem-18451	81	7	examined	examine	VERB
dem-18451	81	8	the	the	DET
dem-18451	81	9	relationship	relationship	NOUN
dem-18451	81	10	between	between	ADP
dem-18451	81	11	exchange	exchange	NOUN
dem-18451	81	12	rates	rate	NOUN
dem-18451	81	13	and	and	CCONJ
dem-18451	81	14	stock	stock	NOUN
dem-18451	81	15	prices	price	NOUN
dem-18451	81	16	in	in	ADP
dem-18451	81	17	bangladesh	bangladesh	PROPN
dem-18451	81	18	,	,	PUNCT
dem-18451	81	19	india	india	PROPN
dem-18451	81	20	,	,	PUNCT
dem-18451	81	21	pakistan	pakistan	PROPN
dem-18451	81	22	and	and	CCONJ
dem-18451	81	23	sri	sri	PROPN
dem-18451	81	24	lanka	lanka	PROPN
dem-18451	81	25	using	use	VERB
dem-18451	81	26	daily	daily	ADJ
dem-18451	81	27	data	datum	NOUN
dem-18451	81	28	over	over	ADP
dem-18451	81	29	a	a	DET
dem-18451	81	30	six	six	NUM
dem-18451	81	31	-	-	PUNCT
dem-18451	81	32	year	year	NOUN
dem-18451	81	33	period	period	NOUN
dem-18451	81	34	from	from	ADP
dem-18451	81	35	1995	1995	NUM
dem-18451	81	36	to	to	ADP
dem-18451	81	37	2001	2001	NUM
dem-18451	81	38	.	.	PUNCT
dem-18451	82	1	they	they	PRON
dem-18451	82	2	found	find	VERB
dem-18451	82	3	that	that	SCONJ
dem-18451	82	4	there	there	PRON
dem-18451	82	5	is	be	VERB
dem-18451	82	6	no	no	DET
dem-18451	82	7	long	long	ADV
dem-18451	82	8	-	-	PUNCT
dem-18451	82	9	run	run	VERB
dem-18451	82	10	equilibrium	equilibrium	NOUN
dem-18451	82	11	relationship	relationship	NOUN
dem-18451	82	12	between	between	ADP
dem-18451	82	13	the	the	DET
dem-18451	82	14	financial	financial	ADJ
dem-18451	82	15	variables	variable	NOUN
dem-18451	82	16	in	in	ADP
dem-18451	82	17	any	any	PRON
dem-18451	82	18	of	of	ADP
dem-18451	82	19	the	the	DET
dem-18451	82	20	four	four	NUM
dem-18451	82	21	countries	country	NOUN
dem-18451	82	22	.	.	PUNCT
dem-18451	83	1	also	also	ADV
dem-18451	83	2	,	,	PUNCT
dem-18451	83	3	the	the	DET
dem-18451	83	4	empirical	empirical	ADJ
dem-18451	83	5	results	result	NOUN
dem-18451	83	6	revealed	reveal	VERB
dem-18451	83	7	unidirectional	unidirectional	ADJ
dem-18451	83	8	causality	causality	NOUN
dem-18451	83	9	running	run	VERB
dem-18451	83	10	from	from	ADP
dem-18451	83	11	exchange	exchange	NOUN
dem-18451	83	12	rates	rate	NOUN
dem-18451	83	13	to	to	ADP
dem-18451	83	14	stock	stock	NOUN
dem-18451	83	15	prices	price	NOUN
dem-18451	83	16	for	for	ADP
dem-18451	83	17	only	only	ADV
dem-18451	83	18	india	india	PROPN
dem-18451	83	19	and	and	CCONJ
dem-18451	83	20	sri	sri	PROPN
dem-18451	83	21	lanka	lanka	PROPN
dem-18451	83	22	,	,	PUNCT
dem-18451	83	23	but	but	CCONJ
dem-18451	83	24	no	no	DET
dem-18451	83	25	evidence	evidence	NOUN
dem-18451	83	26	of	of	ADP
dem-18451	83	27	any	any	DET
dem-18451	83	28	causality	causality	NOUN
dem-18451	83	29	was	be	AUX
dem-18451	83	30	found	find	VERB
dem-18451	83	31	between	between	ADP
dem-18451	83	32	exchange	exchange	NOUN
dem-18451	83	33	rates	rate	NOUN
dem-18451	83	34	and	and	CCONJ
dem-18451	83	35	stock	stock	NOUN
dem-18451	83	36	prices	price	NOUN
dem-18451	83	37	in	in	ADP
dem-18451	83	38	bangladesh	bangladesh	NOUN
dem-18451	83	39	and	and	CCONJ
dem-18451	83	40	pakistan	pakistan	PROPN
dem-18451	83	41	.	.	PUNCT
dem-18451	84	1	nieh	nieh	PROPN
dem-18451	84	2	and	and	CCONJ
dem-18451	84	3	lee	lee	PROPN
dem-18451	84	4	(	(	PUNCT
dem-18451	84	5	2001	2001	NUM
dem-18451	84	6	)	)	PUNCT
dem-18451	84	7	studied	study	VERB
dem-18451	84	8	the	the	DET
dem-18451	84	9	relationship	relationship	NOUN
dem-18451	84	10	between	between	ADP
dem-18451	84	11	stock	stock	NOUN
dem-18451	84	12	prices	price	NOUN
dem-18451	84	13	and	and	CCONJ
dem-18451	84	14	exchange	exchange	NOUN
dem-18451	84	15	rates	rate	NOUN
dem-18451	84	16	for	for	ADP
dem-18451	84	17	g-7	g-7	NOUN
dem-18451	84	18	countries	country	NOUN
dem-18451	84	19	taking	take	VERB
dem-18451	84	20	the	the	DET
dem-18451	84	21	daily	daily	ADJ
dem-18451	84	22	closing	closing	NOUN
dem-18451	84	23	stock	stock	NOUN
dem-18451	84	24	market	market	NOUN
dem-18451	84	25	indices	index	NOUN
dem-18451	84	26	and	and	CCONJ
dem-18451	84	27	foreign	foreign	ADJ
dem-18451	84	28	exchange	exchange	NOUN
dem-18451	84	29	rates	rate	NOUN
dem-18451	84	30	for	for	ADP
dem-18451	84	31	the	the	DET
dem-18451	84	32	period	period	NOUN
dem-18451	84	33	from	from	ADP
dem-18451	84	34	october	october	PROPN
dem-18451	84	35	1	1	NUM
dem-18451	84	36	,	,	PUNCT
dem-18451	84	37	1993	1993	NUM
dem-18451	84	38	to	to	ADP
dem-18451	84	39	february	february	PROPN
dem-18451	84	40	15	15	NUM
dem-18451	84	41	,	,	PUNCT
dem-18451	84	42	1996	1996	NUM
dem-18451	84	43	.	.	PUNCT
dem-18451	85	1	they	they	PRON
dem-18451	85	2	found	find	VERB
dem-18451	85	3	that	that	SCONJ
dem-18451	85	4	there	there	PRON
dem-18451	85	5	is	be	VERB
dem-18451	85	6	no	no	DET
dem-18451	85	7	long	long	ADV
dem-18451	85	8	-	-	PUNCT
dem-18451	85	9	run	run	VERB
dem-18451	85	10	equilibrium	equilibrium	NOUN
dem-18451	85	11	relationship	relationship	NOUN
dem-18451	85	12	between	between	ADP
dem-18451	85	13	stock	stock	NOUN
dem-18451	85	14	prices	price	NOUN
dem-18451	85	15	and	and	CCONJ
dem-18451	85	16	exchange	exchange	NOUN
dem-18451	85	17	rates	rate	NOUN
dem-18451	85	18	for	for	ADP
dem-18451	85	19	each	each	PRON
dem-18451	85	20	of	of	ADP
dem-18451	85	21	g-7	g-7	NOUN
dem-18451	85	22	countries	country	NOUN
dem-18451	85	23	.	.	PUNCT
dem-18451	86	1	they	they	PRON
dem-18451	86	2	did	do	AUX
dem-18451	86	3	find	find	VERB
dem-18451	86	4	a	a	DET
dem-18451	86	5	significant	significant	ADJ
dem-18451	86	6	relationship	relationship	NOUN
dem-18451	86	7	between	between	ADP
dem-18451	86	8	stock	stock	NOUN
dem-18451	86	9	prices	price	NOUN
dem-18451	86	10	and	and	CCONJ
dem-18451	86	11	exchange	exchange	NOUN
dem-18451	86	12	rates	rate	NOUN
dem-18451	86	13	for	for	ADP
dem-18451	86	14	a	a	DET
dem-18451	86	15	single	single	ADJ
dem-18451	86	16	day	day	NOUN
dem-18451	86	17	in	in	ADP
dem-18451	86	18	some	some	DET
dem-18451	86	19	g-7	g-7	NOUN
dem-18451	86	20	countries	country	NOUN
dem-18451	86	21	but	but	CCONJ
dem-18451	86	22	found	find	VERB
dem-18451	86	23	no	no	DET
dem-18451	86	24	significant	significant	ADJ
dem-18451	86	25	correlation	correlation	NOUN
dem-18451	86	26	in	in	ADP
dem-18451	86	27	the	the	DET
dem-18451	86	28	united	united	PROPN
dem-18451	86	29	states	states	PROPN
dem-18451	86	30	.	.	PUNCT
dem-18451	87	1	these	these	DET
dem-18451	87	2	results	result	NOUN
dem-18451	87	3	might	might	AUX
dem-18451	87	4	be	be	AUX
dem-18451	87	5	explained	explain	VERB
dem-18451	87	6	by	by	ADP
dem-18451	87	7	the	the	DET
dem-18451	87	8	difference	difference	NOUN
dem-18451	87	9	between	between	ADP
dem-18451	87	10	the	the	DET
dem-18451	87	11	countries	country	NOUN
dem-18451	87	12	’	'	PUNCT
dem-18451	87	13	economic	economic	ADJ
dem-18451	87	14	development	development	NOUN
dem-18451	87	15	stages	stage	NOUN
dem-18451	87	16	,	,	PUNCT
dem-18451	87	17	government	government	NOUN
dem-18451	87	18	policies	policy	NOUN
dem-18451	87	19	,	,	PUNCT
dem-18451	87	20	expectation	expectation	NOUN
dem-18451	87	21	patterns	pattern	NOUN
dem-18451	87	22	,	,	PUNCT
dem-18451	87	23	etc	etc	X
dem-18451	87	24	.	.	X
dem-18451	87	25	wongbampo	wongbampo	PROPN
dem-18451	87	26	and	and	CCONJ
dem-18451	87	27	sharma	sharma	PROPN
dem-18451	87	28	(	(	PUNCT
dem-18451	87	29	2002	2002	NUM
dem-18451	87	30	)	)	PUNCT
dem-18451	87	31	employed	employ	VERB
dem-18451	87	32	a	a	DET
dem-18451	87	33	vecm	vecm	NOUN
dem-18451	87	34	model	model	NOUN
dem-18451	87	35	to	to	PART
dem-18451	87	36	investigate	investigate	VERB
dem-18451	87	37	the	the	DET
dem-18451	87	38	relationship	relationship	NOUN
dem-18451	87	39	between	between	ADP
dem-18451	87	40	stock	stock	NOUN
dem-18451	87	41	prices	price	NOUN
dem-18451	87	42	and	and	CCONJ
dem-18451	87	43	five	five	NUM
dem-18451	87	44	macroeconomic	macroeconomic	ADJ
dem-18451	87	45	variables	variable	NOUN
dem-18451	87	46	such	such	ADJ
dem-18451	87	47	as	as	ADP
dem-18451	87	48	gnp	gnp	PROPN
dem-18451	87	49	,	,	PUNCT
dem-18451	87	50	inflation	inflation	NOUN
dem-18451	87	51	,	,	PUNCT
dem-18451	87	52	money	money	NOUN
dem-18451	87	53	supply	supply	NOUN
dem-18451	87	54	,	,	PUNCT
dem-18451	87	55	interest	interest	NOUN
dem-18451	87	56	rate	rate	NOUN
dem-18451	87	57	,	,	PUNCT
dem-18451	87	58	and	and	CCONJ
dem-18451	87	59	exchange	exchange	NOUN
dem-18451	87	60	rate	rate	NOUN
dem-18451	87	61	in	in	ADP
dem-18451	87	62	five	five	NUM
dem-18451	87	63	asian	asian	ADJ
dem-18451	87	64	countries	country	NOUN
dem-18451	87	65	,	,	PUNCT
dem-18451	87	66	namely	namely	ADV
dem-18451	87	67	,	,	PUNCT
dem-18451	87	68	malaysia	malaysia	PROPN
dem-18451	87	69	,	,	PUNCT
dem-18451	87	70	indonesia	indonesia	PROPN
dem-18451	87	71	,	,	PUNCT
dem-18451	87	72	philippines	philippine	NOUN
dem-18451	87	73	,	,	PUNCT
dem-18451	87	74	singapore	singapore	PROPN
dem-18451	87	75	and	and	CCONJ
dem-18451	87	76	thailand	thailand	PROPN
dem-18451	87	77	.	.	PUNCT
dem-18451	88	1	they	they	PRON
dem-18451	88	2	used	use	VERB
dem-18451	88	3	monthly	monthly	ADJ
dem-18451	88	4	data	datum	NOUN
dem-18451	88	5	for	for	ADP
dem-18451	88	6	the	the	DET
dem-18451	88	7	period	period	NOUN
dem-18451	88	8	from	from	ADP
dem-18451	88	9	1985	1985	NUM
dem-18451	88	10	to	to	ADP
dem-18451	88	11	1996	1996	NUM
dem-18451	88	12	,	,	PUNCT
dem-18451	88	13	and	and	CCONJ
dem-18451	88	14	found	find	VERB
dem-18451	88	15	that	that	SCONJ
dem-18451	88	16	,	,	PUNCT
dem-18451	88	17	there	there	PRON
dem-18451	88	18	exists	exist	VERB
dem-18451	88	19	both	both	CCONJ
dem-18451	88	20	a	a	DET
dem-18451	88	21	short	short	ADJ
dem-18451	88	22	-	-	PUNCT
dem-18451	88	23	term	term	NOUN
dem-18451	88	24	and	and	CCONJ
dem-18451	88	25	long	long	ADJ
dem-18451	88	26	-	-	PUNCT
dem-18451	88	27	term	term	NOUN
dem-18451	88	28	relationship	relationship	NOUN
dem-18451	88	29	between	between	ADP
dem-18451	88	30	the	the	DET
dem-18451	88	31	stock	stock	NOUN
dem-18451	88	32	prices	price	NOUN
dem-18451	88	33	and	and	CCONJ
dem-18451	88	34	the	the	DET
dem-18451	88	35	macroeconomic	macroeconomic	ADJ
dem-18451	88	36	variables	variable	NOUN
dem-18451	88	37	.	.	PUNCT
dem-18451	89	1	they	they	PRON
dem-18451	89	2	also	also	ADV
dem-18451	89	3	found	find	VERB
dem-18451	89	4	a	a	DET
dem-18451	89	5	feedback	feedback	NOUN
dem-18451	89	6	relationship	relationship	NOUN
dem-18451	89	7	between	between	ADP
dem-18451	89	8	the	the	DET
dem-18451	89	9	stock	stock	NOUN
dem-18451	89	10	prices	price	NOUN
dem-18451	89	11	and	and	CCONJ
dem-18451	89	12	the	the	DET
dem-18451	89	13	macroeconomic	macroeconomic	ADJ
dem-18451	89	14	variables	variable	NOUN
dem-18451	89	15	in	in	ADP
dem-18451	89	16	all	all	DET
dem-18451	89	17	the	the	DET
dem-18451	89	18	countries	country	NOUN
dem-18451	89	19	in	in	ADP
dem-18451	89	20	their	their	PRON
dem-18451	89	21	study	study	NOUN
dem-18451	89	22	.	.	PUNCT
dem-18451	90	1	similarly	similarly	ADV
dem-18451	90	2	,	,	PUNCT
dem-18451	90	3	mukherjee	mukherjee	PROPN
dem-18451	90	4	and	and	CCONJ
dem-18451	90	5	naka	naka	PROPN
dem-18451	90	6	(	(	PUNCT
dem-18451	90	7	1995	1995	NUM
dem-18451	90	8	)	)	PUNCT
dem-18451	90	9	also	also	ADV
dem-18451	90	10	employed	employ	VERB
dem-18451	90	11	a	a	DET
dem-18451	90	12	vecm	vecm	NOUN
dem-18451	90	13	model	model	NOUN
dem-18451	90	14	to	to	PART
dem-18451	90	15	examine	examine	VERB
dem-18451	90	16	the	the	DET
dem-18451	90	17	relationship	relationship	NOUN
dem-18451	90	18	between	between	ADP
dem-18451	90	19	stock	stock	NOUN
dem-18451	90	20	market	market	NOUN
dem-18451	90	21	returns	return	NOUN
dem-18451	90	22	and	and	CCONJ
dem-18451	90	23	a	a	DET
dem-18451	90	24	set	set	NOUN
dem-18451	90	25	of	of	ADP
dem-18451	90	26	six	six	NUM
dem-18451	90	27	macroeconomic	macroeconomic	ADJ
dem-18451	90	28	variables	variable	NOUN
dem-18451	90	29	such	such	ADJ
dem-18451	90	30	as	as	ADP
dem-18451	90	31	exchange	exchange	NOUN
dem-18451	90	32	rate	rate	NOUN
dem-18451	90	33	,	,	PUNCT
dem-18451	90	34	inflation	inflation	NOUN
dem-18451	90	35	,	,	PUNCT
dem-18451	90	36	money	money	NOUN
dem-18451	90	37	supply	supply	NOUN
dem-18451	90	38	,	,	PUNCT
dem-18451	90	39	industrial	industrial	ADJ
dem-18451	90	40	production	production	NOUN
dem-18451	90	41	index	index	NOUN
dem-18451	90	42	,	,	PUNCT
dem-18451	90	43	the	the	DET
dem-18451	90	44	long	long	ADJ
dem-18451	90	45	-	-	PUNCT
dem-18451	90	46	term	term	NOUN
dem-18451	90	47	government	government	NOUN
dem-18451	90	48	bond	bond	NOUN
dem-18451	90	49	rate	rate	NOUN
dem-18451	90	50	,	,	PUNCT
dem-18451	90	51	and	and	CCONJ
dem-18451	90	52	call	call	VERB
dem-18451	90	53	money	money	NOUN
dem-18451	90	54	rate	rate	NOUN
dem-18451	90	55	in	in	ADP
dem-18451	90	56	japan	japan	PROPN
dem-18451	90	57	.	.	PUNCT
dem-18451	91	1	their	their	PRON
dem-18451	91	2	analysis	analysis	NOUN
dem-18451	91	3	suggests	suggest	VERB
dem-18451	91	4	that	that	SCONJ
dem-18451	91	5	there	there	PRON
dem-18451	91	6	exists	exist	VERB
dem-18451	91	7	a	a	DET
dem-18451	91	8	long	long	ADV
dem-18451	91	9	-	-	PUNCT
dem-18451	91	10	run	run	VERB
dem-18451	91	11	equilibrium	equilibrium	NOUN
dem-18451	91	12	relationship	relationship	NOUN
dem-18451	91	13	between	between	ADP
dem-18451	91	14	the	the	DET
dem-18451	91	15	stock	stock	NOUN
dem-18451	91	16	prices	price	NOUN
dem-18451	91	17	and	and	CCONJ
dem-18451	91	18	the	the	DET
dem-18451	91	19	macroeconomic	macroeconomic	ADJ
dem-18451	91	20	variables	variable	NOUN
dem-18451	91	21	in	in	ADP
dem-18451	91	22	japan	japan	PROPN
dem-18451	91	23	.	.	PUNCT
dem-18451	92	1	on	on	ADP
dem-18451	92	2	the	the	DET
dem-18451	92	3	other	other	ADJ
dem-18451	92	4	hand	hand	NOUN
dem-18451	92	5	,	,	PUNCT
dem-18451	92	6	srinivasan	srinivasan	NOUN
dem-18451	92	7	(	(	PUNCT
dem-18451	92	8	2014	2014	NUM
dem-18451	92	9	)	)	PUNCT
dem-18451	92	10	used	use	VERB
dem-18451	92	11	the	the	DET
dem-18451	92	12	autoregressive	autoregressive	ADJ
dem-18451	92	13	distributed	distribute	VERB
dem-18451	92	14	lag	lag	NOUN
dem-18451	92	15	(	(	PUNCT
dem-18451	92	16	ardl	ardl	NOUN
dem-18451	92	17	)	)	PUNCT
dem-18451	92	18	bounds	bound	VERB
dem-18451	92	19	testing	test	VERB
dem-18451	92	20	approach	approach	NOUN
dem-18451	92	21	and	and	CCONJ
dem-18451	92	22	the	the	DET
dem-18451	92	23	granger	granger	PROPN
dem-18451	92	24	causality	causality	PROPN
dem-18451	92	25	test	test	NOUN
dem-18451	92	26	on	on	ADP
dem-18451	92	27	monthly	monthly	ADJ
dem-18451	92	28	time	time	NOUN
dem-18451	92	29	series	series	PROPN
dem-18451	92	30	data	datum	NOUN
dem-18451	92	31	from	from	ADP
dem-18451	92	32	june	june	PROPN
dem-18451	92	33	1990	1990	NUM
dem-18451	92	34	to	to	ADP
dem-18451	92	35	april	april	PROPN
dem-18451	92	36	2014	2014	NUM
dem-18451	92	37	to	to	PART
dem-18451	92	38	investigate	investigate	VERB
dem-18451	92	39	the	the	DET
dem-18451	92	40	causal	causal	ADJ
dem-18451	92	41	nexus	nexus	NOUN
dem-18451	92	42	between	between	ADP
dem-18451	92	43	the	the	DET
dem-18451	92	44	gold	gold	NOUN
dem-18451	92	45	price	price	NOUN
dem-18451	92	46	,	,	PUNCT
dem-18451	92	47	stock	stock	NOUN
dem-18451	92	48	price	price	NOUN
dem-18451	92	49	,	,	PUNCT
dem-18451	92	50	and	and	CCONJ
dem-18451	92	51	the	the	DET
dem-18451	92	52	exchange	exchange	NOUN
dem-18451	92	53	rate	rate	NOUN
dem-18451	92	54	in	in	ADP
dem-18451	92	55	india	india	PROPN
dem-18451	92	56	.	.	PUNCT
dem-18451	93	1	the	the	DET
dem-18451	93	2	results	result	NOUN
dem-18451	93	3	revealed	reveal	VERB
dem-18451	93	4	that	that	SCONJ
dem-18451	93	5	the	the	DET
dem-18451	93	6	gold	gold	NOUN
dem-18451	93	7	price	price	NOUN
dem-18451	93	8	and	and	CCONJ
dem-18451	93	9	stock	stock	NOUN
dem-18451	93	10	price	price	NOUN
dem-18451	93	11	tend	tend	VERB
dem-18451	93	12	to	to	PART
dem-18451	93	13	have	have	VERB
dem-18451	93	14	a	a	DET
dem-18451	93	15	long	long	ADV
dem-18451	93	16	-	-	PUNCT
dem-18451	93	17	run	run	NOUN
dem-18451	93	18	relationship	relationship	NOUN
dem-18451	93	19	with	with	ADP
dem-18451	93	20	the	the	DET
dem-18451	93	21	exchange	exchange	NOUN
dem-18451	93	22	rate	rate	NOUN
dem-18451	93	23	in	in	ADP
dem-18451	93	24	india	india	PROPN
dem-18451	93	25	.	.	PUNCT
dem-18451	94	1	however	however	ADV
dem-18451	94	2	,	,	PUNCT
dem-18451	94	3	there	there	PRON
dem-18451	94	4	was	be	VERB
dem-18451	94	5	no	no	DET
dem-18451	94	6	evidence	evidence	NOUN
dem-18451	94	7	of	of	ADP
dem-18451	94	8	a	a	DET
dem-18451	94	9	stable	stable	ADJ
dem-18451	94	10	long	long	ADV
dem-18451	94	11	-	-	PUNCT
dem-18451	94	12	run	run	VERB
dem-18451	94	13	or	or	CCONJ
dem-18451	94	14	short	short	ADJ
dem-18451	94	15	-	-	PUNCT
dem-18451	94	16	run	run	NOUN
dem-18451	94	17	causal	causal	ADJ
dem-18451	94	18	relationship	relationship	NOUN
dem-18451	94	19	between	between	ADP
dem-18451	94	20	the	the	DET
dem-18451	94	21	stock	stock	NOUN
dem-18451	94	22	price	price	NOUN
dem-18451	94	23	and	and	CCONJ
dem-18451	94	24	gold	gold	NOUN
dem-18451	94	25	price	price	NOUN
dem-18451	94	26	in	in	ADP
dem-18451	94	27	india	india	PROPN
dem-18451	94	28	.	.	PUNCT
dem-18451	95	1	in	in	ADP
dem-18451	95	2	the	the	DET
dem-18451	95	3	nepalese	nepalese	ADJ
dem-18451	95	4	context	context	NOUN
dem-18451	95	5	,	,	PUNCT
dem-18451	95	6	the	the	DET
dem-18451	95	7	study	study	NOUN
dem-18451	95	8	of	of	ADP
dem-18451	95	9	gaire	gaire	NOUN
dem-18451	95	10	(	(	PUNCT
dem-18451	95	11	2016	2016	NUM
dem-18451	95	12	)	)	PUNCT
dem-18451	95	13	is	be	AUX
dem-18451	95	14	the	the	DET
dem-18451	95	15	only	only	ADJ
dem-18451	95	16	one	one	NUM
dem-18451	95	17	in	in	ADP
dem-18451	95	18	the	the	DET
dem-18451	95	19	area	area	NOUN
dem-18451	95	20	of	of	ADP
dem-18451	95	21	our	our	PRON
dem-18451	95	22	interest	interest	NOUN
dem-18451	95	23	.	.	PUNCT
dem-18451	96	1	he	he	PRON
dem-18451	96	2	examined	examine	VERB
dem-18451	96	3	cointegration	cointegration	NOUN
dem-18451	96	4	and	and	CCONJ
dem-18451	96	5	causality	causality	NOUN
dem-18451	96	6	between	between	ADP
dem-18451	96	7	nepse	nepse	PROPN
dem-18451	96	8	mitra	mitra	PROPN
dem-18451	96	9	lal	lal	PROPN
dem-18451	96	10	devkota	devkota	PROPN
dem-18451	96	11	,	,	PUNCT
dem-18451	96	12	humnath	humnath	NOUN
dem-18451	96	13	panta	panta	PROPN
dem-18451	96	14	dynamic	dynamic	ADJ
dem-18451	96	15	econometric	econometric	ADJ
dem-18451	96	16	models	model	NOUN
dem-18451	96	17	18	18	NUM
dem-18451	96	18	(	(	PUNCT
dem-18451	96	19	2018	2018	NUM
dem-18451	96	20	)	)	PUNCT
dem-18451	96	21	49–65	49–65	NUM
dem-18451	96	22	54	54	NUM
dem-18451	96	23	index	index	NOUN
dem-18451	96	24	with	with	ADP
dem-18451	96	25	regard	regard	NOUN
dem-18451	96	26	to	to	ADP
dem-18451	96	27	short	short	ADJ
dem-18451	96	28	-	-	PUNCT
dem-18451	96	29	term	term	NOUN
dem-18451	96	30	interest	interest	NOUN
dem-18451	96	31	rates	rate	NOUN
dem-18451	96	32	and	and	CCONJ
dem-18451	96	33	gold	gold	NOUN
dem-18451	96	34	prices	price	NOUN
dem-18451	96	35	in	in	ADP
dem-18451	96	36	nepal	nepal	ADJ
dem-18451	96	37	.	.	PUNCT
dem-18451	97	1	he	he	PRON
dem-18451	97	2	analyzed	analyze	VERB
dem-18451	97	3	monthly	monthly	ADJ
dem-18451	97	4	time	time	NOUN
dem-18451	97	5	series	series	PROPN
dem-18451	97	6	data	datum	NOUN
dem-18451	97	7	from	from	ADP
dem-18451	97	8	january	january	PROPN
dem-18451	97	9	2006	2006	NUM
dem-18451	97	10	to	to	ADP
dem-18451	97	11	december	december	PROPN
dem-18451	97	12	2016	2016	NUM
dem-18451	97	13	.	.	PUNCT
dem-18451	98	1	he	he	PRON
dem-18451	98	2	found	find	VERB
dem-18451	98	3	that	that	SCONJ
dem-18451	98	4	there	there	PRON
dem-18451	98	5	is	be	VERB
dem-18451	98	6	a	a	DET
dem-18451	98	7	long	long	ADV
dem-18451	98	8	-	-	PUNCT
dem-18451	98	9	run	run	VERB
dem-18451	98	10	equilibrium	equilibrium	NOUN
dem-18451	98	11	relationship	relationship	NOUN
dem-18451	98	12	between	between	ADP
dem-18451	98	13	the	the	DET
dem-18451	98	14	nepse	nepse	PROPN
dem-18451	98	15	index	index	NOUN
dem-18451	98	16	,	,	PUNCT
dem-18451	98	17	short	short	ADJ
dem-18451	98	18	-	-	PUNCT
dem-18451	98	19	term	term	NOUN
dem-18451	98	20	interest	interest	NOUN
dem-18451	98	21	rate	rate	NOUN
dem-18451	98	22	,	,	PUNCT
dem-18451	98	23	and	and	CCONJ
dem-18451	98	24	gold	gold	NOUN
dem-18451	98	25	price	price	NOUN
dem-18451	98	26	in	in	ADP
dem-18451	98	27	nepal	nepal	NOUN
dem-18451	98	28	.	.	PUNCT
dem-18451	99	1	he	he	PRON
dem-18451	99	2	further	far	ADV
dem-18451	99	3	added	add	VERB
dem-18451	99	4	that	that	SCONJ
dem-18451	99	5	the	the	DET
dem-18451	99	6	short	short	ADJ
dem-18451	99	7	-	-	PUNCT
dem-18451	99	8	term	term	NOUN
dem-18451	99	9	interest	interest	NOUN
dem-18451	99	10	rate	rate	NOUN
dem-18451	99	11	could	could	AUX
dem-18451	99	12	be	be	AUX
dem-18451	99	13	one	one	NUM
dem-18451	99	14	of	of	ADP
dem-18451	99	15	the	the	DET
dem-18451	99	16	predictors	predictor	NOUN
dem-18451	99	17	of	of	ADP
dem-18451	99	18	stock	stock	NOUN
dem-18451	99	19	prices	price	NOUN
dem-18451	99	20	in	in	ADP
dem-18451	99	21	the	the	DET
dem-18451	99	22	secondary	secondary	ADJ
dem-18451	99	23	market	market	NOUN
dem-18451	99	24	of	of	ADP
dem-18451	99	25	nepal	nepal	NOUN
dem-18451	99	26	.	.	PUNCT
dem-18451	100	1	although	although	SCONJ
dem-18451	100	2	a	a	DET
dem-18451	100	3	pioneering	pioneer	VERB
dem-18451	100	4	study	study	NOUN
dem-18451	100	5	in	in	ADP
dem-18451	100	6	the	the	DET
dem-18451	100	7	nepalese	nepalese	ADJ
dem-18451	100	8	context	context	NOUN
dem-18451	100	9	,	,	PUNCT
dem-18451	100	10	his	his	PRON
dem-18451	100	11	research	research	NOUN
dem-18451	100	12	suffers	suffer	VERB
dem-18451	100	13	from	from	ADP
dem-18451	100	14	some	some	DET
dem-18451	100	15	weaknesses	weakness	NOUN
dem-18451	100	16	in	in	ADP
dem-18451	100	17	the	the	DET
dem-18451	100	18	adopted	adopt	VERB
dem-18451	100	19	methodologies	methodology	NOUN
dem-18451	100	20	.	.	PUNCT
dem-18451	101	1	for	for	ADP
dem-18451	101	2	instance	instance	NOUN
dem-18451	101	3	,	,	PUNCT
dem-18451	101	4	he	he	PRON
dem-18451	101	5	used	use	VERB
dem-18451	101	6	the	the	DET
dem-18451	101	7	augmented	augment	VERB
dem-18451	101	8	dickey	dickey	PROPN
dem-18451	101	9	fuller	full	ADJ
dem-18451	101	10	(	(	PUNCT
dem-18451	101	11	adf	adf	NOUN
dem-18451	101	12	)	)	PUNCT
dem-18451	101	13	test	test	NOUN
dem-18451	101	14	which	which	PRON
dem-18451	101	15	is	be	AUX
dem-18451	101	16	known	know	VERB
dem-18451	101	17	to	to	PART
dem-18451	101	18	have	have	VERB
dem-18451	101	19	low	low	ADJ
dem-18451	101	20	power	power	NOUN
dem-18451	101	21	and	and	CCONJ
dem-18451	101	22	size	size	NOUN
dem-18451	101	23	properties	property	NOUN
dem-18451	101	24	.	.	PUNCT
dem-18451	102	1	in	in	ADP
dem-18451	102	2	addition	addition	NOUN
dem-18451	102	3	,	,	PUNCT
dem-18451	102	4	the	the	DET
dem-18451	102	5	adf	adf	PROPN
dem-18451	102	6	test	test	NOUN
dem-18451	102	7	is	be	AUX
dem-18451	102	8	known	know	VERB
dem-18451	102	9	to	to	PART
dem-18451	102	10	have	have	VERB
dem-18451	102	11	a	a	DET
dem-18451	102	12	severe	severe	ADJ
dem-18451	102	13	size	size	NOUN
dem-18451	102	14	distortion	distortion	NOUN
dem-18451	102	15	(	(	PUNCT
dem-18451	102	16	in	in	ADP
dem-18451	102	17	the	the	DET
dem-18451	102	18	direction	direction	NOUN
dem-18451	102	19	of	of	ADP
dem-18451	102	20	over	over	ADV
dem-18451	102	21	-	-	PUNCT
dem-18451	102	22	rejecting	reject	VERB
dem-18451	102	23	the	the	DET
dem-18451	102	24	null	null	NOUN
dem-18451	102	25	when	when	SCONJ
dem-18451	102	26	it	it	PRON
dem-18451	102	27	is	be	AUX
dem-18451	102	28	true	true	ADJ
dem-18451	102	29	)	)	PUNCT
dem-18451	102	30	when	when	SCONJ
dem-18451	102	31	the	the	DET
dem-18451	102	32	series	series	NOUN
dem-18451	102	33	has	have	VERB
dem-18451	102	34	a	a	DET
dem-18451	102	35	large	large	ADJ
dem-18451	102	36	negative	negative	ADJ
dem-18451	102	37	moving	move	VERB
dem-18451	102	38	average	average	ADJ
dem-18451	102	39	root	root	NOUN
dem-18451	102	40	.	.	PUNCT
dem-18451	103	1	moreover	moreover	ADV
dem-18451	103	2	,	,	PUNCT
dem-18451	103	3	our	our	PRON
dem-18451	103	4	research	research	NOUN
dem-18451	103	5	uses	use	VERB
dem-18451	103	6	more	more	ADV
dem-18451	103	7	recent	recent	ADJ
dem-18451	103	8	data	datum	NOUN
dem-18451	103	9	that	that	PRON
dem-18451	103	10	covers	cover	VERB
dem-18451	103	11	a	a	DET
dem-18451	103	12	longer	long	ADJ
dem-18451	103	13	period	period	NOUN
dem-18451	103	14	of	of	ADP
dem-18451	103	15	time	time	NOUN
dem-18451	103	16	and	and	CCONJ
dem-18451	103	17	includes	include	VERB
dem-18451	103	18	the	the	DET
dem-18451	103	19	exchange	exchange	NOUN
dem-18451	103	20	rate	rate	NOUN
dem-18451	103	21	.	.	PUNCT
dem-18451	104	1	we	we	PRON
dem-18451	104	2	have	have	AUX
dem-18451	104	3	found	find	VERB
dem-18451	104	4	that	that	SCONJ
dem-18451	104	5	the	the	DET
dem-18451	104	6	exchange	exchange	NOUN
dem-18451	104	7	rate	rate	NOUN
dem-18451	104	8	,	,	PUNCT
dem-18451	104	9	the	the	DET
dem-18451	104	10	variable	variable	NOUN
dem-18451	104	11	excluded	exclude	VERB
dem-18451	104	12	in	in	ADP
dem-18451	104	13	his	his	PRON
dem-18451	104	14	paper	paper	NOUN
dem-18451	104	15	,	,	PUNCT
dem-18451	104	16	has	have	VERB
dem-18451	104	17	a	a	DET
dem-18451	104	18	causal	causal	ADJ
dem-18451	104	19	relationship	relationship	NOUN
dem-18451	104	20	with	with	ADP
dem-18451	104	21	the	the	DET
dem-18451	104	22	gold	gold	NOUN
dem-18451	104	23	price	price	NOUN
dem-18451	104	24	and	and	CCONJ
dem-18451	104	25	the	the	DET
dem-18451	104	26	nepse	nepse	PROPN
dem-18451	104	27	index	index	NOUN
dem-18451	104	28	.	.	PUNCT
dem-18451	105	1	2	2	X
dem-18451	105	2	.	.	X
dem-18451	105	3	data	datum	NOUN
dem-18451	105	4	this	this	DET
dem-18451	105	5	study	study	NOUN
dem-18451	105	6	is	be	AUX
dem-18451	105	7	based	base	VERB
dem-18451	105	8	on	on	ADP
dem-18451	105	9	secondary	secondary	ADJ
dem-18451	105	10	data	datum	NOUN
dem-18451	105	11	for	for	ADP
dem-18451	105	12	the	the	DET
dem-18451	105	13	period	period	NOUN
dem-18451	105	14	between	between	ADP
dem-18451	105	15	january	january	PROPN
dem-18451	105	16	,	,	PUNCT
dem-18451	105	17	2006	2006	NUM
dem-18451	105	18	to	to	ADP
dem-18451	105	19	august	august	PROPN
dem-18451	105	20	,	,	PUNCT
dem-18451	105	21	2018	2018	NUM
dem-18451	105	22	.	.	PUNCT
dem-18451	106	1	these	these	PRON
dem-18451	106	2	are	be	AUX
dem-18451	106	3	obtained	obtain	VERB
dem-18451	106	4	from	from	ADP
dem-18451	106	5	various	various	ADJ
dem-18451	106	6	sources	source	NOUN
dem-18451	106	7	including	include	VERB
dem-18451	106	8	nepal	nepal	PROPN
dem-18451	106	9	rastra	rastra	PROPN
dem-18451	106	10	bank	bank	PROPN
dem-18451	106	11	(	(	PUNCT
dem-18451	106	12	nrb	nrb	PROPN
dem-18451	106	13	)	)	PUNCT
dem-18451	106	14	,	,	PUNCT
dem-18451	106	15	the	the	DET
dem-18451	106	16	central	central	ADJ
dem-18451	106	17	bank	bank	PROPN
dem-18451	106	18	of	of	ADP
dem-18451	106	19	nepal	nepal	ADJ
dem-18451	106	20	,	,	PUNCT
dem-18451	106	21	nepalese	nepalese	ADJ
dem-18451	106	22	stock	stock	NOUN
dem-18451	106	23	exchange	exchange	PROPN
dem-18451	106	24	(	(	PUNCT
dem-18451	106	25	nepse	nepse	PROPN
dem-18451	106	26	)	)	PUNCT
dem-18451	106	27	limited	limited	ADJ
dem-18451	106	28	,	,	PUNCT
dem-18451	106	29	and	and	CCONJ
dem-18451	106	30	nepal	nepal	ADJ
dem-18451	106	31	gold	gold	NOUN
dem-18451	106	32	and	and	CCONJ
dem-18451	106	33	silver	silver	NOUN
dem-18451	106	34	dealers	dealer	NOUN
dem-18451	106	35	’	'	PUNCT
dem-18451	106	36	association	association	NOUN
dem-18451	106	37	(	(	PUNCT
dem-18451	106	38	negosida	negosida	PROPN
dem-18451	106	39	)	)	PUNCT
dem-18451	106	40	.	.	PUNCT
dem-18451	107	1	it	it	PRON
dem-18451	107	2	consists	consist	VERB
dem-18451	107	3	of	of	ADP
dem-18451	107	4	monthly	monthly	ADJ
dem-18451	107	5	time	time	NOUN
dem-18451	107	6	series	series	PROPN
dem-18451	107	7	data	datum	NOUN
dem-18451	107	8	with	with	ADP
dem-18451	107	9	the	the	DET
dem-18451	107	10	variables	variables	PROPN
dem-18451	107	11	nepse	nepse	PROPN
dem-18451	107	12	index	index	NOUN
dem-18451	107	13	,	,	PUNCT
dem-18451	107	14	interest	interest	NOUN
dem-18451	107	15	rate	rate	NOUN
dem-18451	107	16	,	,	PUNCT
dem-18451	107	17	gold	gold	NOUN
dem-18451	107	18	price	price	NOUN
dem-18451	107	19	,	,	PUNCT
dem-18451	107	20	and	and	CCONJ
dem-18451	107	21	exchange	exchange	NOUN
dem-18451	107	22	rate	rate	NOUN
dem-18451	107	23	(	(	PUNCT
dem-18451	107	24	usd	usd	NOUN
dem-18451	107	25	exchange	exchange	NOUN
dem-18451	107	26	rate	rate	NOUN
dem-18451	107	27	expressed	express	VERB
dem-18451	107	28	as	as	ADP
dem-18451	107	29	the	the	DET
dem-18451	107	30	amount	amount	NOUN
dem-18451	107	31	of	of	ADP
dem-18451	107	32	nepalese	nepalese	ADJ
dem-18451	107	33	rupees	rupee	NOUN
dem-18451	107	34	per	per	ADP
dem-18451	107	35	unit	unit	NOUN
dem-18451	107	36	of	of	ADP
dem-18451	107	37	usd	usd	NOUN
dem-18451	107	38	)	)	PUNCT
dem-18451	107	39	.	.	PUNCT
dem-18451	108	1	statistical	statistical	ADJ
dem-18451	108	2	software	software	NOUN
dem-18451	108	3	packages	package	NOUN
dem-18451	108	4	r	r	NOUN
dem-18451	108	5	and	and	CCONJ
dem-18451	108	6	eviews	eview	NOUN
dem-18451	108	7	are	be	AUX
dem-18451	108	8	used	use	VERB
dem-18451	108	9	for	for	ADP
dem-18451	108	10	arranging	arrange	VERB
dem-18451	108	11	the	the	DET
dem-18451	108	12	data	datum	NOUN
dem-18451	108	13	and	and	CCONJ
dem-18451	108	14	conducting	conduct	VERB
dem-18451	108	15	econometric	econometric	ADJ
dem-18451	108	16	analysis	analysis	NOUN
dem-18451	108	17	.	.	PUNCT
dem-18451	109	1	nepse	nepse	PROPN
dem-18451	109	2	index	index	NOUN
dem-18451	109	3	:	:	PUNCT
dem-18451	109	4	the	the	DET
dem-18451	109	5	transaction	transaction	NOUN
dem-18451	109	6	index	index	NOUN
dem-18451	109	7	published	publish	VERB
dem-18451	109	8	at	at	ADP
dem-18451	109	9	the	the	DET
dem-18451	109	10	end	end	NOUN
dem-18451	109	11	of	of	ADP
dem-18451	109	12	the	the	DET
dem-18451	109	13	day	day	NOUN
dem-18451	109	14	by	by	ADP
dem-18451	109	15	the	the	DET
dem-18451	109	16	nepal	nepal	PROPN
dem-18451	109	17	stock	stock	PROPN
dem-18451	109	18	exchange	exchange	PROPN
dem-18451	109	19	.	.	PUNCT
dem-18451	110	1	the	the	DET
dem-18451	110	2	nepse	nepse	PROPN
dem-18451	110	3	index	index	NOUN
dem-18451	110	4	data	datum	NOUN
dem-18451	110	5	are	be	AUX
dem-18451	110	6	collected	collect	VERB
dem-18451	110	7	from	from	ADP
dem-18451	110	8	various	various	ADJ
dem-18451	110	9	reports	report	NOUN
dem-18451	110	10	of	of	ADP
dem-18451	110	11	nepal	nepal	ADJ
dem-18451	110	12	stock	stock	PROPN
dem-18451	110	13	exchange	exchange	PROPN
dem-18451	110	14	ltd	ltd	PROPN
dem-18451	110	15	and	and	CCONJ
dem-18451	110	16	current	current	ADJ
dem-18451	110	17	macroeconomic	macroeconomic	ADJ
dem-18451	110	18	and	and	CCONJ
dem-18451	110	19	financial	financial	ADJ
dem-18451	110	20	situation	situation	NOUN
dem-18451	110	21	dataset	dataset	VERB
dem-18451	110	22	from	from	ADP
dem-18451	110	23	the	the	DET
dem-18451	110	24	nrb	nrb	PROPN
dem-18451	110	25	.	.	PUNCT
dem-18451	111	1	the	the	DET
dem-18451	111	2	nepse	nepse	ADJ
dem-18451	111	3	index	index	NOUN
dem-18451	111	4	on	on	ADP
dem-18451	111	5	the	the	DET
dem-18451	111	6	last	last	ADJ
dem-18451	111	7	day	day	NOUN
dem-18451	111	8	of	of	ADP
dem-18451	111	9	the	the	DET
dem-18451	111	10	month	month	NOUN
dem-18451	111	11	is	be	AUX
dem-18451	111	12	considered	consider	VERB
dem-18451	111	13	for	for	ADP
dem-18451	111	14	the	the	DET
dem-18451	111	15	analysis	analysis	NOUN
dem-18451	111	16	.	.	PUNCT
dem-18451	112	1	interest	interest	NOUN
dem-18451	112	2	rate	rate	NOUN
dem-18451	112	3	:	:	PUNCT
dem-18451	112	4	the	the	DET
dem-18451	112	5	interest	interest	NOUN
dem-18451	112	6	rate	rate	NOUN
dem-18451	112	7	,	,	PUNCT
dem-18451	112	8	also	also	ADV
dem-18451	112	9	known	know	VERB
dem-18451	112	10	as	as	ADP
dem-18451	112	11	interbank	interbank	NOUN
dem-18451	112	12	rate	rate	NOUN
dem-18451	112	13	,	,	PUNCT
dem-18451	112	14	is	be	AUX
dem-18451	112	15	the	the	DET
dem-18451	112	16	rate	rate	NOUN
dem-18451	112	17	of	of	ADP
dem-18451	112	18	interest	interest	NOUN
dem-18451	112	19	for	for	ADP
dem-18451	112	20	short	short	ADJ
dem-18451	112	21	-	-	PUNCT
dem-18451	112	22	term	term	NOUN
dem-18451	112	23	lending	lending	NOUN
dem-18451	112	24	/	/	SYM
dem-18451	112	25	borrowing	borrowing	NOUN
dem-18451	112	26	among	among	ADP
dem-18451	112	27	commercial	commercial	ADJ
dem-18451	112	28	banks	bank	NOUN
dem-18451	112	29	.	.	PUNCT
dem-18451	113	1	the	the	DET
dem-18451	113	2	monthly	monthly	ADJ
dem-18451	113	3	average	average	ADJ
dem-18451	113	4	interest	interest	NOUN
dem-18451	113	5	rate	rate	NOUN
dem-18451	113	6	data	datum	NOUN
dem-18451	113	7	are	be	AUX
dem-18451	113	8	obtained	obtain	VERB
dem-18451	113	9	from	from	ADP
dem-18451	113	10	the	the	DET
dem-18451	113	11	quarterly	quarterly	ADJ
dem-18451	113	12	economic	economic	ADJ
dem-18451	113	13	bulletin	bulletin	NOUN
dem-18451	113	14	of	of	ADP
dem-18451	113	15	nrb	nrb	PROPN
dem-18451	113	16	.	.	PUNCT
dem-18451	114	1	gold	gold	NOUN
dem-18451	114	2	price	price	NOUN
dem-18451	114	3	:	:	PUNCT
dem-18451	114	4	end	end	NOUN
dem-18451	114	5	of	of	ADP
dem-18451	114	6	month	month	NOUN
dem-18451	114	7	’s	’s	PART
dem-18451	114	8	gold	gold	NOUN
dem-18451	114	9	prices	price	NOUN
dem-18451	114	10	per	per	ADP
dem-18451	114	11	10	10	NUM
dem-18451	114	12	-	-	PUNCT
dem-18451	114	13	gram	gram	NOUN
dem-18451	114	14	data	datum	NOUN
dem-18451	114	15	are	be	AUX
dem-18451	114	16	obtained	obtain	VERB
dem-18451	114	17	from	from	ADP
dem-18451	114	18	the	the	DET
dem-18451	114	19	website	website	NOUN
dem-18451	114	20	of	of	ADP
dem-18451	114	21	nepal	nepal	ADJ
dem-18451	114	22	gold	gold	NOUN
dem-18451	114	23	and	and	CCONJ
dem-18451	114	24	silver	silver	NOUN
dem-18451	114	25	dealers	dealer	NOUN
dem-18451	114	26	’	'	PUNCT
dem-18451	114	27	association	association	NOUN
dem-18451	114	28	(	(	PUNCT
dem-18451	114	29	negosida	negosida	PROPN
dem-18451	114	30	)	)	PUNCT
dem-18451	114	31	.	.	PUNCT
dem-18451	115	1	exchange	exchange	NOUN
dem-18451	115	2	rate	rate	NOUN
dem-18451	115	3	:	:	PUNCT
dem-18451	115	4	the	the	DET
dem-18451	115	5	exchange	exchange	NOUN
dem-18451	115	6	rate	rate	NOUN
dem-18451	115	7	is	be	AUX
dem-18451	115	8	monthly	monthly	ADJ
dem-18451	115	9	average	average	ADJ
dem-18451	115	10	rate	rate	NOUN
dem-18451	115	11	of	of	ADP
dem-18451	115	12	exchange	exchange	NOUN
dem-18451	115	13	between	between	ADP
dem-18451	115	14	us	us	PROPN
dem-18451	115	15	dollars	dollar	NOUN
dem-18451	115	16	(	(	PUNCT
dem-18451	115	17	usd	usd	NOUN
dem-18451	115	18	)	)	PUNCT
dem-18451	115	19	and	and	CCONJ
dem-18451	115	20	nepalese	nepalese	ADJ
dem-18451	115	21	rupees	rupee	NOUN
dem-18451	115	22	(	(	PUNCT
dem-18451	115	23	npr	npr	PROPN
dem-18451	115	24	)	)	PUNCT
dem-18451	115	25	.	.	PUNCT
dem-18451	116	1	the	the	DET
dem-18451	116	2	exchange	exchange	NOUN
dem-18451	116	3	rates	rate	VERB
dem-18451	116	4	an	an	DET
dem-18451	116	5	enquiry	enquiry	NOUN
dem-18451	116	6	into	into	ADP
dem-18451	116	7	the	the	DET
dem-18451	116	8	effect	effect	NOUN
dem-18451	116	9	of	of	ADP
dem-18451	116	10	the	the	DET
dem-18451	116	11	interest	interest	NOUN
dem-18451	116	12	rate	rate	NOUN
dem-18451	116	13	,	,	PUNCT
dem-18451	116	14	gold	gold	NOUN
dem-18451	116	15	price	price	NOUN
dem-18451	116	16	,	,	PUNCT
dem-18451	116	17	and	and	CCONJ
dem-18451	116	18	the	the	DET
dem-18451	116	19	exchange	exchange	NOUN
dem-18451	116	20	…	…	SYM
dem-18451	116	21	dynamic	dynamic	ADJ
dem-18451	116	22	econometric	econometric	ADJ
dem-18451	116	23	models	model	NOUN
dem-18451	116	24	18	18	NUM
dem-18451	116	25	(	(	PUNCT
dem-18451	116	26	2018	2018	NUM
dem-18451	116	27	)	)	PUNCT
dem-18451	116	28	49–65	49–65	NUM
dem-18451	116	29	55	55	NUM
dem-18451	116	30	data	datum	NOUN
dem-18451	116	31	are	be	AUX
dem-18451	116	32	obtained	obtain	VERB
dem-18451	116	33	from	from	ADP
dem-18451	116	34	the	the	DET
dem-18451	116	35	nrb	nrb	NOUN
dem-18451	116	36	website	website	NOUN
dem-18451	116	37	and	and	CCONJ
dem-18451	116	38	are	be	AUX
dem-18451	116	39	computed	compute	VERB
dem-18451	116	40	by	by	ADP
dem-18451	116	41	taking	take	VERB
dem-18451	116	42	the	the	DET
dem-18451	116	43	average	average	NOUN
dem-18451	116	44	of	of	ADP
dem-18451	116	45	the	the	DET
dem-18451	116	46	buying	buying	NOUN
dem-18451	116	47	rates	rate	NOUN
dem-18451	116	48	and	and	CCONJ
dem-18451	116	49	selling	sell	VERB
dem-18451	116	50	rates	rate	NOUN
dem-18451	116	51	.	.	PUNCT
dem-18451	117	1	these	these	PRON
dem-18451	117	2	were	be	AUX
dem-18451	117	3	the	the	DET
dem-18451	117	4	only	only	ADJ
dem-18451	117	5	variables	variable	NOUN
dem-18451	117	6	with	with	ADP
dem-18451	117	7	sufficient	sufficient	ADJ
dem-18451	117	8	monthly	monthly	ADJ
dem-18451	117	9	data	datum	NOUN
dem-18451	117	10	available	available	ADJ
dem-18451	117	11	to	to	ADP
dem-18451	117	12	the	the	DET
dem-18451	117	13	authors	author	NOUN
dem-18451	117	14	for	for	ADP
dem-18451	117	15	the	the	DET
dem-18451	117	16	time	time	NOUN
dem-18451	117	17	period	period	NOUN
dem-18451	117	18	under	under	ADP
dem-18451	117	19	study	study	NOUN
dem-18451	117	20	.	.	PUNCT
dem-18451	118	1	for	for	ADP
dem-18451	118	2	example	example	NOUN
dem-18451	118	3	,	,	PUNCT
dem-18451	118	4	even	even	ADV
dem-18451	118	5	though	though	SCONJ
dem-18451	118	6	we	we	PRON
dem-18451	118	7	wanted	want	VERB
dem-18451	118	8	to	to	PART
dem-18451	118	9	include	include	VERB
dem-18451	118	10	variables	variable	NOUN
dem-18451	118	11	such	such	ADJ
dem-18451	118	12	as	as	ADP
dem-18451	118	13	industrial	industrial	ADJ
dem-18451	118	14	production	production	NOUN
dem-18451	118	15	index	index	NOUN
dem-18451	118	16	and	and	CCONJ
dem-18451	118	17	consumer	consumer	NOUN
dem-18451	118	18	price	price	NOUN
dem-18451	118	19	index	index	NOUN
dem-18451	118	20	,	,	PUNCT
dem-18451	118	21	the	the	DET
dem-18451	118	22	unavailability	unavailability	NOUN
dem-18451	118	23	of	of	ADP
dem-18451	118	24	the	the	DET
dem-18451	118	25	data	datum	NOUN
dem-18451	118	26	on	on	ADP
dem-18451	118	27	a	a	DET
dem-18451	118	28	monthly	monthly	ADJ
dem-18451	118	29	basis	basis	NOUN
dem-18451	118	30	prevented	prevent	VERB
dem-18451	118	31	us	we	PRON
dem-18451	118	32	from	from	ADP
dem-18451	118	33	including	include	VERB
dem-18451	118	34	them	they	PRON
dem-18451	118	35	into	into	ADP
dem-18451	118	36	our	our	PRON
dem-18451	118	37	analyses	analysis	NOUN
dem-18451	118	38	.	.	PUNCT
dem-18451	119	1	3	3	X
dem-18451	119	2	.	.	X
dem-18451	119	3	methodology	methodology	NOUN
dem-18451	119	4	and	and	CCONJ
dem-18451	119	5	empirical	empirical	ADJ
dem-18451	119	6	results	result	NOUN
dem-18451	119	7	3.1	3.1	NUM
dem-18451	119	8	test	test	NOUN
dem-18451	119	9	of	of	ADP
dem-18451	119	10	correlation	correlation	NOUN
dem-18451	119	11	and	and	CCONJ
dem-18451	119	12	multicollinearity	multicollinearity	NOUN
dem-18451	119	13	the	the	DET
dem-18451	119	14	correlation	correlation	NOUN
dem-18451	119	15	coefficients	coefficient	NOUN
dem-18451	119	16	between	between	ADP
dem-18451	119	17	the	the	DET
dem-18451	119	18	variables	variable	NOUN
dem-18451	119	19	are	be	AUX
dem-18451	119	20	summarized	summarize	VERB
dem-18451	119	21	in	in	ADP
dem-18451	119	22	table	table	NOUN
dem-18451	119	23	1	1	NUM
dem-18451	119	24	.	.	PUNCT
dem-18451	120	1	the	the	DET
dem-18451	120	2	figures	figure	NOUN
dem-18451	120	3	indicate	indicate	VERB
dem-18451	120	4	that	that	SCONJ
dem-18451	120	5	the	the	DET
dem-18451	120	6	nepse	nepse	NOUN
dem-18451	120	7	index	index	NOUN
dem-18451	120	8	has	have	VERB
dem-18451	120	9	a	a	DET
dem-18451	120	10	negative	negative	ADJ
dem-18451	120	11	correlation	correlation	NOUN
dem-18451	120	12	with	with	ADP
dem-18451	120	13	the	the	DET
dem-18451	120	14	interest	interest	NOUN
dem-18451	120	15	rate	rate	NOUN
dem-18451	120	16	,	,	PUNCT
dem-18451	120	17	but	but	CCONJ
dem-18451	120	18	positive	positive	ADJ
dem-18451	120	19	correlation	correlation	NOUN
dem-18451	120	20	with	with	ADP
dem-18451	120	21	the	the	DET
dem-18451	120	22	gold	gold	NOUN
dem-18451	120	23	price	price	NOUN
dem-18451	120	24	and	and	CCONJ
dem-18451	120	25	the	the	DET
dem-18451	120	26	exchange	exchange	NOUN
dem-18451	120	27	rate	rate	NOUN
dem-18451	120	28	.	.	PUNCT
dem-18451	121	1	we	we	PRON
dem-18451	121	2	also	also	ADV
dem-18451	121	3	observe	observe	VERB
dem-18451	121	4	that	that	SCONJ
dem-18451	121	5	there	there	PRON
dem-18451	121	6	is	be	VERB
dem-18451	121	7	a	a	DET
dem-18451	121	8	very	very	ADV
dem-18451	121	9	strong	strong	ADJ
dem-18451	121	10	correlation	correlation	NOUN
dem-18451	121	11	between	between	ADP
dem-18451	121	12	the	the	DET
dem-18451	121	13	exchange	exchange	NOUN
dem-18451	121	14	rate	rate	NOUN
dem-18451	121	15	and	and	CCONJ
dem-18451	121	16	the	the	DET
dem-18451	121	17	gold	gold	NOUN
dem-18451	121	18	price	price	NOUN
dem-18451	121	19	.	.	PUNCT
dem-18451	122	1	this	this	PRON
dem-18451	122	2	suggests	suggest	VERB
dem-18451	122	3	that	that	SCONJ
dem-18451	122	4	multicollinearity	multicollinearity	NOUN
dem-18451	122	5	might	might	AUX
dem-18451	122	6	be	be	AUX
dem-18451	122	7	an	an	DET
dem-18451	122	8	issue	issue	NOUN
dem-18451	122	9	in	in	ADP
dem-18451	122	10	the	the	DET
dem-18451	122	11	time	time	NOUN
dem-18451	122	12	series	series	PROPN
dem-18451	122	13	data	data	PROPN
dem-18451	122	14	.	.	PUNCT
dem-18451	123	1	table	table	NOUN
dem-18451	123	2	1	1	NUM
dem-18451	123	3	.	.	PUNCT
dem-18451	123	4	correlation	correlation	NOUN
dem-18451	123	5	matrix	matrix	NOUN
dem-18451	123	6	ni	ni	PROPN
dem-18451	123	7	ir	ir	PROPN
dem-18451	123	8	gp	gp	PROPN
dem-18451	124	1	er	er	INTJ
dem-18451	124	2	ni	ni	PROPN
dem-18451	124	3	1	1	NUM
dem-18451	124	4	ir	ir	NOUN
dem-18451	124	5	−0.15	−0.15	NOUN
dem-18451	124	6	1	1	NUM
dem-18451	124	7	gp	gp	NOUN
dem-18451	124	8	0.22	0.22	NUM
dem-18451	124	9	−0.36	−0.36	NOUN
dem-18451	124	10	1	1	NUM
dem-18451	124	11	er	er	INTJ
dem-18451	124	12	0.57	0.57	NUM
dem-18451	124	13	−0.53	−0.53	NUM
dem-18451	124	14	0.79	0.79	NUM
dem-18451	124	15	1	1	NUM
dem-18451	124	16	note	note	NOUN
dem-18451	124	17	:	:	PUNCT
dem-18451	124	18	ni	ni	NOUN
dem-18451	124	19	,	,	PUNCT
dem-18451	124	20	gp	gp	NOUN
dem-18451	124	21	,	,	PUNCT
dem-18451	124	22	er	er	INTJ
dem-18451	124	23	,	,	PUNCT
dem-18451	124	24	and	and	CCONJ
dem-18451	124	25	ir	ir	PROPN
dem-18451	124	26	stand	stand	VERB
dem-18451	124	27	for	for	ADP
dem-18451	124	28	nepse	nepse	NOUN
dem-18451	124	29	index	index	NOUN
dem-18451	124	30	,	,	PUNCT
dem-18451	124	31	gold	gold	NOUN
dem-18451	124	32	price	price	NOUN
dem-18451	124	33	,	,	PUNCT
dem-18451	124	34	exchange	exchange	NOUN
dem-18451	124	35	rate	rate	NOUN
dem-18451	124	36	,	,	PUNCT
dem-18451	124	37	and	and	CCONJ
dem-18451	124	38	interest	interest	NOUN
dem-18451	124	39	rate	rate	NOUN
dem-18451	124	40	,	,	PUNCT
dem-18451	124	41	respectively	respectively	ADV
dem-18451	124	42	.	.	PUNCT
dem-18451	125	1	wooldridge	wooldridge	PROPN
dem-18451	125	2	(	(	PUNCT
dem-18451	125	3	2011	2011	NUM
dem-18451	125	4	)	)	PUNCT
dem-18451	125	5	states	state	VERB
dem-18451	125	6	that	that	SCONJ
dem-18451	125	7	multicollinearity	multicollinearity	NOUN
dem-18451	125	8	is	be	AUX
dem-18451	125	9	likely	likely	ADJ
dem-18451	125	10	to	to	PART
dem-18451	125	11	exist	exist	VERB
dem-18451	125	12	if	if	SCONJ
dem-18451	125	13	the	the	DET
dem-18451	125	14	t	t	PROPN
dem-18451	125	15	-	-	PUNCT
dem-18451	125	16	statistics	statistic	NOUN
dem-18451	125	17	corresponding	correspond	VERB
dem-18451	125	18	to	to	ADP
dem-18451	125	19	the	the	DET
dem-18451	125	20	parameter	parameter	NOUN
dem-18451	125	21	estimates	estimate	NOUN
dem-18451	125	22	of	of	ADP
dem-18451	125	23	independent	independent	ADJ
dem-18451	125	24	variables	variable	NOUN
dem-18451	125	25	in	in	ADP
dem-18451	125	26	an	an	DET
dem-18451	125	27	ordinary	ordinary	ADJ
dem-18451	125	28	least	least	ADJ
dem-18451	125	29	square	square	ADJ
dem-18451	125	30	(	(	PUNCT
dem-18451	125	31	ols	ol	NOUN
dem-18451	125	32	)	)	PUNCT
dem-18451	125	33	regression	regression	NOUN
dem-18451	125	34	model	model	NOUN
dem-18451	125	35	are	be	AUX
dem-18451	125	36	not	not	PART
dem-18451	125	37	statistically	statistically	ADV
dem-18451	125	38	significant	significant	ADJ
dem-18451	125	39	,	,	PUNCT
dem-18451	125	40	whereas	whereas	SCONJ
dem-18451	125	41	the	the	DET
dem-18451	125	42	overall	overall	ADJ
dem-18451	125	43	f	f	PROPN
dem-18451	125	44	statistic	statistic	NOUN
dem-18451	125	45	is	be	AUX
dem-18451	125	46	statistically	statistically	ADV
dem-18451	125	47	significant.wooldridge	significant.wooldridge	ADJ
dem-18451	125	48	(	(	PUNCT
dem-18451	125	49	2011	2011	NUM
dem-18451	125	50	)	)	PUNCT
dem-18451	125	51	further	far	ADV
dem-18451	125	52	adds	add	VERB
dem-18451	125	53	that	that	SCONJ
dem-18451	125	54	multicollinearity	multicollinearity	NOUN
dem-18451	125	55	is	be	AUX
dem-18451	125	56	a	a	DET
dem-18451	125	57	serious	serious	ADJ
dem-18451	125	58	problem	problem	NOUN
dem-18451	125	59	if	if	SCONJ
dem-18451	125	60	the	the	DET
dem-18451	125	61	vif	vif	NOUN
dem-18451	125	62	is	be	AUX
dem-18451	125	63	greater	great	ADJ
dem-18451	125	64	than	than	ADP
dem-18451	125	65	10	10	NUM
dem-18451	125	66	.	.	PUNCT
dem-18451	126	1	in	in	ADP
dem-18451	126	2	this	this	DET
dem-18451	126	3	regard	regard	NOUN
dem-18451	126	4	,	,	PUNCT
dem-18451	126	5	an	an	DET
dem-18451	126	6	ols	ol	NOUN
dem-18451	126	7	regression	regression	NOUN
dem-18451	126	8	model	model	NOUN
dem-18451	126	9	is	be	AUX
dem-18451	126	10	fitted	fit	VERB
dem-18451	126	11	using	use	VERB
dem-18451	126	12	nepse	nepse	NOUN
dem-18451	126	13	index	index	NOUN
dem-18451	126	14	as	as	SCONJ
dem-18451	126	15	the	the	DET
dem-18451	126	16	dependent	dependent	ADJ
dem-18451	126	17	variable	variable	NOUN
dem-18451	126	18	and	and	CCONJ
dem-18451	126	19	the	the	DET
dem-18451	126	20	interest	interest	NOUN
dem-18451	126	21	rate	rate	NOUN
dem-18451	126	22	,	,	PUNCT
dem-18451	126	23	gold	gold	NOUN
dem-18451	126	24	price	price	NOUN
dem-18451	126	25	,	,	PUNCT
dem-18451	126	26	and	and	CCONJ
dem-18451	126	27	exchange	exchange	NOUN
dem-18451	126	28	rate	rate	NOUN
dem-18451	126	29	as	as	ADP
dem-18451	126	30	independent	independent	ADJ
dem-18451	126	31	variables	variable	NOUN
dem-18451	126	32	and	and	CCONJ
dem-18451	126	33	the	the	DET
dem-18451	126	34	results	result	NOUN
dem-18451	126	35	are	be	AUX
dem-18451	126	36	reported	report	VERB
dem-18451	126	37	in	in	ADP
dem-18451	126	38	table	table	NOUN
dem-18451	126	39	2	2	NUM
dem-18451	126	40	.	.	PUNCT
dem-18451	127	1	furthermore	furthermore	ADV
dem-18451	127	2	,	,	PUNCT
dem-18451	127	3	the	the	DET
dem-18451	127	4	variance	variance	NOUN
dem-18451	127	5	inflation	inflation	NOUN
dem-18451	127	6	factors	factor	NOUN
dem-18451	127	7	(	(	PUNCT
dem-18451	127	8	vif	vif	NOUN
dem-18451	127	9	)	)	PUNCT
dem-18451	127	10	for	for	ADP
dem-18451	127	11	the	the	DET
dem-18451	127	12	coefficients	coefficient	NOUN
dem-18451	127	13	of	of	ADP
dem-18451	127	14	each	each	DET
dem-18451	127	15	variable	variable	NOUN
dem-18451	127	16	are	be	AUX
dem-18451	127	17	estimated	estimate	VERB
dem-18451	127	18	and	and	CCONJ
dem-18451	127	19	the	the	DET
dem-18451	127	20	results	result	NOUN
dem-18451	127	21	are	be	AUX
dem-18451	127	22	reported	report	VERB
dem-18451	127	23	in	in	ADP
dem-18451	127	24	table	table	NOUN
dem-18451	127	25	3	3	NUM
dem-18451	127	26	.	.	PUNCT
dem-18451	128	1	the	the	DET
dem-18451	128	2	ols	ols	PROPN
dem-18451	128	3	results	result	NOUN
dem-18451	128	4	indicate	indicate	VERB
dem-18451	128	5	that	that	SCONJ
dem-18451	128	6	all	all	DET
dem-18451	128	7	the	the	DET
dem-18451	128	8	parameters	parameter	NOUN
dem-18451	128	9	as	as	ADV
dem-18451	128	10	well	well	ADV
dem-18451	128	11	as	as	ADP
dem-18451	128	12	the	the	DET
dem-18451	128	13	overall	overall	ADJ
dem-18451	128	14	f	f	PROPN
dem-18451	128	15	statistic	statistic	NOUN
dem-18451	128	16	of	of	ADP
dem-18451	128	17	the	the	DET
dem-18451	128	18	regression	regression	NOUN
dem-18451	128	19	model	model	NOUN
dem-18451	128	20	are	be	AUX
dem-18451	128	21	statistically	statistically	ADV
dem-18451	128	22	significant	significant	ADJ
dem-18451	128	23	at	at	ADP
dem-18451	128	24	5	5	NUM
dem-18451	128	25	%	%	NOUN
dem-18451	128	26	level	level	NOUN
dem-18451	128	27	of	of	ADP
dem-18451	128	28	significance	significance	NOUN
dem-18451	128	29	.	.	PUNCT
dem-18451	129	1	mitra	mitra	PROPN
dem-18451	129	2	lal	lal	PROPN
dem-18451	129	3	devkota	devkota	PROPN
dem-18451	129	4	,	,	PUNCT
dem-18451	129	5	humnath	humnath	NOUN
dem-18451	129	6	panta	panta	PROPN
dem-18451	129	7	dynamic	dynamic	ADJ
dem-18451	129	8	econometric	econometric	ADJ
dem-18451	129	9	models	model	NOUN
dem-18451	129	10	18	18	NUM
dem-18451	129	11	(	(	PUNCT
dem-18451	129	12	2018	2018	NUM
dem-18451	129	13	)	)	PUNCT
dem-18451	129	14	49–65	49–65	NUM
dem-18451	129	15	56	56	NUM
dem-18451	129	16	table	table	NOUN
dem-18451	129	17	2	2	NUM
dem-18451	129	18	.	.	PUNCT
dem-18451	129	19	results	result	NOUN
dem-18451	129	20	from	from	ADP
dem-18451	129	21	ordinary	ordinary	ADJ
dem-18451	129	22	least	least	ADJ
dem-18451	129	23	squares	square	NOUN
dem-18451	129	24	regression	regression	NOUN
dem-18451	129	25	model	model	NOUN
dem-18451	129	26	estimate	estimate	NOUN
dem-18451	129	27	standard	standard	ADJ
dem-18451	129	28	error	error	NOUN
dem-18451	129	29	𝑡-ratio	𝑡-ratio	NOUN
dem-18451	129	30	pr	pr	NOUN
dem-18451	129	31	(	(	PUNCT
dem-18451	129	32	>	>	X
dem-18451	129	33	|𝑡|	|𝑡|	NOUN
dem-18451	129	34	)	)	PUNCT
dem-18451	129	35	intercept	intercept	NOUN
dem-18451	129	36	−0.675	−0.675	NOUN
dem-18451	129	37	0.400	0.400	NUM
dem-18451	129	38	−	−	PROPN
dem-18451	129	39	1.687	1.687	NUM
dem-18451	129	40	0.094	0.094	NUM
dem-18451	129	41	ir	ir	PROPN
dem-18451	129	42	0.115	0.115	NUM
dem-18451	129	43	0.030	0.030	NUM
dem-18451	129	44	3.914	3.914	NUM
dem-18451	129	45	0.000	0.000	NUM
dem-18451	129	46	*	*	PUNCT
dem-18451	129	47	gp	gp	NOUN
dem-18451	130	1	−0.789	−0.789	NOUN
dem-18451	130	2	0.116	0.116	NUM
dem-18451	130	3	−6.826	−6.826	NOUN
dem-18451	131	1	0.000	0.000	NUM
dem-18451	131	2	*	*	PUNCT
dem-18451	132	1	er	er	INTJ
dem-18451	132	2	3.642	3.642	NUM
dem-18451	132	3	0.310	0.310	NUM
dem-18451	133	1	11.764	11.764	NUM
dem-18451	133	2	0.000	0.000	NUM
dem-18451	133	3	*	*	PUNCT
dem-18451	133	4	residual	residual	ADJ
dem-18451	133	5	standard	standard	ADJ
dem-18451	133	6	error	error	NOUN
dem-18451	133	7	:	:	PUNCT
dem-18451	133	8	0.1586	0.1586	NUM
dem-18451	133	9	on	on	ADP
dem-18451	133	10	146	146	NUM
dem-18451	133	11	degrees	degree	NOUN
dem-18451	133	12	of	of	ADP
dem-18451	133	13	freedom	freedom	NOUN
dem-18451	133	14	multiple	multiple	ADJ
dem-18451	133	15	r	r	NOUN
dem-18451	133	16	-	-	PUNCT
dem-18451	133	17	squared	squared	ADJ
dem-18451	133	18	:	:	PUNCT
dem-18451	133	19	0.5153	0.5153	NUM
dem-18451	133	20	,	,	PUNCT
dem-18451	133	21	adjusted	adjust	VERB
dem-18451	133	22	r	r	NOUN
dem-18451	133	23	-	-	PUNCT
dem-18451	133	24	squared	squared	ADJ
dem-18451	133	25	:	:	PUNCT
dem-18451	133	26	0.5053	0.5053	NUM
dem-18451	133	27	f	f	X
dem-18451	133	28	-	-	PUNCT
dem-18451	133	29	statistic	statistic	NOUN
dem-18451	133	30	:	:	PUNCT
dem-18451	133	31	51.74	51.74	NUM
dem-18451	133	32	on	on	ADP
dem-18451	133	33	3	3	NUM
dem-18451	133	34	and	and	CCONJ
dem-18451	133	35	146	146	NUM
dem-18451	133	36	df	df	NOUN
dem-18451	133	37	,	,	PUNCT
dem-18451	133	38	p	p	NOUN
dem-18451	133	39	-	-	PUNCT
dem-18451	133	40	value	value	NOUN
dem-18451	133	41	:	:	PUNCT
dem-18451	133	42	<	<	X
dem-18451	133	43	2.2e-16	2.2e-16	NUM
dem-18451	133	44	note	note	NOUN
dem-18451	133	45	:	:	PUNCT
dem-18451	133	46	*	*	PUNCT
dem-18451	133	47	–	–	PUNCT
dem-18451	133	48	statistical	statistical	ADJ
dem-18451	133	49	significance	significance	NOUN
dem-18451	133	50	at	at	ADP
dem-18451	133	51	5	5	NUM
dem-18451	133	52	%	%	NOUN
dem-18451	133	53	level	level	NOUN
dem-18451	133	54	of	of	ADP
dem-18451	133	55	significance	significance	NOUN
dem-18451	133	56	.	.	PUNCT
dem-18451	134	1	in	in	ADP
dem-18451	134	2	addition	addition	NOUN
dem-18451	134	3	,	,	PUNCT
dem-18451	134	4	the	the	DET
dem-18451	134	5	vif	vif	NOUN
dem-18451	134	6	results	result	VERB
dem-18451	134	7	in	in	ADP
dem-18451	134	8	table	table	NOUN
dem-18451	134	9	3	3	NUM
dem-18451	134	10	suggest	suggest	VERB
dem-18451	134	11	that	that	SCONJ
dem-18451	134	12	the	the	DET
dem-18451	134	13	vifs	vif	NOUN
dem-18451	134	14	for	for	ADP
dem-18451	134	15	all	all	DET
dem-18451	134	16	the	the	DET
dem-18451	134	17	variables	variable	NOUN
dem-18451	134	18	are	be	AUX
dem-18451	134	19	smaller	small	ADJ
dem-18451	134	20	than	than	ADP
dem-18451	134	21	10	10	NUM
dem-18451	134	22	.	.	PUNCT
dem-18451	135	1	these	these	DET
dem-18451	135	2	results	result	NOUN
dem-18451	135	3	suggest	suggest	VERB
dem-18451	135	4	that	that	SCONJ
dem-18451	135	5	multicollinearity	multicollinearity	NOUN
dem-18451	135	6	is	be	AUX
dem-18451	135	7	not	not	PART
dem-18451	135	8	an	an	DET
dem-18451	135	9	issue	issue	NOUN
dem-18451	135	10	in	in	ADP
dem-18451	135	11	the	the	DET
dem-18451	135	12	time	time	NOUN
dem-18451	135	13	series	series	PROPN
dem-18451	135	14	data	data	PROPN
dem-18451	135	15	.	.	PUNCT
dem-18451	136	1	table	table	NOUN
dem-18451	136	2	3	3	NUM
dem-18451	136	3	.	.	X
dem-18451	136	4	variance	variance	NOUN
dem-18451	136	5	inflation	inflation	NOUN
dem-18451	136	6	factor	factor	NOUN
dem-18451	136	7	interest	interest	NOUN
dem-18451	136	8	rate	rate	NOUN
dem-18451	136	9	gold	gold	NOUN
dem-18451	136	10	price	price	NOUN
dem-18451	136	11	exchange	exchange	NOUN
dem-18451	136	12	rate	rate	NOUN
dem-18451	136	13	1.4133	1.4133	NUM
dem-18451	136	14	2.6958	2.6958	NUM
dem-18451	136	15	3.2663	3.2663	NUM
dem-18451	136	16	for	for	ADP
dem-18451	136	17	the	the	DET
dem-18451	136	18	econometric	econometric	ADJ
dem-18451	136	19	analyses	analysis	NOUN
dem-18451	136	20	of	of	ADP
dem-18451	136	21	the	the	DET
dem-18451	136	22	time	time	NOUN
dem-18451	136	23	series	series	PROPN
dem-18451	136	24	data	data	PROPN
dem-18451	136	25	,	,	PUNCT
dem-18451	136	26	the	the	DET
dem-18451	136	27	ng	ng	PROPN
dem-18451	136	28	-	-	PUNCT
dem-18451	136	29	perron	perron	PROPN
dem-18451	136	30	test	test	NOUN
dem-18451	136	31	(	(	PUNCT
dem-18451	136	32	ng	ng	PROPN
dem-18451	136	33	and	and	CCONJ
dem-18451	136	34	perron	perron	PROPN
dem-18451	136	35	,	,	PUNCT
dem-18451	136	36	2001	2001	NUM
dem-18451	136	37	)	)	PUNCT
dem-18451	136	38	is	be	AUX
dem-18451	136	39	used	use	VERB
dem-18451	136	40	to	to	PART
dem-18451	136	41	test	test	VERB
dem-18451	136	42	the	the	DET
dem-18451	136	43	stationarity	stationarity	NOUN
dem-18451	136	44	both	both	CCONJ
dem-18451	136	45	at	at	ADP
dem-18451	136	46	the	the	DET
dem-18451	136	47	levels	level	NOUN
dem-18451	136	48	and	and	CCONJ
dem-18451	136	49	the	the	DET
dem-18451	136	50	first	first	ADJ
dem-18451	136	51	differences	difference	NOUN
dem-18451	136	52	.	.	PUNCT
dem-18451	137	1	then	then	ADV
dem-18451	137	2	the	the	DET
dem-18451	137	3	johansen	johansen	PROPN
dem-18451	137	4	cointegration	cointegration	NOUN
dem-18451	137	5	method	method	NOUN
dem-18451	137	6	is	be	AUX
dem-18451	137	7	used	use	VERB
dem-18451	137	8	to	to	PART
dem-18451	137	9	investigate	investigate	VERB
dem-18451	137	10	the	the	DET
dem-18451	137	11	long	long	ADJ
dem-18451	137	12	-	-	PUNCT
dem-18451	137	13	term	term	NOUN
dem-18451	137	14	relationship	relationship	NOUN
dem-18451	137	15	among	among	ADP
dem-18451	137	16	the	the	DET
dem-18451	137	17	variables	variable	NOUN
dem-18451	137	18	and	and	CCONJ
dem-18451	137	19	to	to	PART
dem-18451	137	20	determine	determine	VERB
dem-18451	137	21	the	the	DET
dem-18451	137	22	number	number	NOUN
dem-18451	137	23	of	of	ADP
dem-18451	137	24	cointegrating	cointegrate	VERB
dem-18451	137	25	vectors	vector	NOUN
dem-18451	137	26	.	.	PUNCT
dem-18451	138	1	the	the	DET
dem-18451	138	2	granger	granger	PROPN
dem-18451	138	3	causality	causality	PROPN
dem-18451	138	4	test	test	NOUN
dem-18451	138	5	based	base	VERB
dem-18451	138	6	on	on	ADP
dem-18451	138	7	the	the	DET
dem-18451	138	8	vector	vector	NOUN
dem-18451	138	9	error	error	NOUN
dem-18451	138	10	correction	correction	NOUN
dem-18451	138	11	model	model	NOUN
dem-18451	138	12	(	(	PUNCT
dem-18451	138	13	vecm	vecm	NOUN
dem-18451	138	14	)	)	PUNCT
dem-18451	138	15	is	be	AUX
dem-18451	138	16	used	use	VERB
dem-18451	138	17	to	to	PART
dem-18451	138	18	find	find	VERB
dem-18451	138	19	the	the	DET
dem-18451	138	20	direction	direction	NOUN
dem-18451	138	21	of	of	ADP
dem-18451	138	22	causation	causation	NOUN
dem-18451	138	23	and	and	CCONJ
dem-18451	138	24	to	to	PART
dem-18451	138	25	model	model	VERB
dem-18451	138	26	the	the	DET
dem-18451	138	27	short	short	ADJ
dem-18451	138	28	and	and	CCONJ
dem-18451	138	29	long	long	ADV
dem-18451	138	30	-	-	PUNCT
dem-18451	138	31	run	run	NOUN
dem-18451	138	32	relationships	relationship	NOUN
dem-18451	138	33	between	between	ADP
dem-18451	138	34	the	the	DET
dem-18451	138	35	variables	variable	NOUN
dem-18451	138	36	.	.	PUNCT
dem-18451	139	1	3.2	3.2	NUM
dem-18451	139	2	unit	unit	NOUN
dem-18451	139	3	root	root	NOUN
dem-18451	139	4	test	test	NOUN
dem-18451	139	5	for	for	ADP
dem-18451	139	6	testing	testing	NOUN
dem-18451	139	7	stationarity	stationarity	NOUN
dem-18451	139	8	(	(	PUNCT
dem-18451	139	9	ng	ng	PROPN
dem-18451	139	10	-	-	PUNCT
dem-18451	139	11	perron	perron	PROPN
dem-18451	139	12	test	test	NOUN
dem-18451	139	13	)	)	PUNCT
dem-18451	139	14	according	accord	VERB
dem-18451	139	15	to	to	ADP
dem-18451	139	16	ng	ng	PROPN
dem-18451	139	17	-	-	PUNCT
dem-18451	139	18	perron	perron	PROPN
dem-18451	139	19	(	(	PUNCT
dem-18451	139	20	2001	2001	NUM
dem-18451	139	21	)	)	PUNCT
dem-18451	139	22	,	,	PUNCT
dem-18451	139	23	the	the	DET
dem-18451	139	24	widely	widely	ADV
dem-18451	139	25	used	use	VERB
dem-18451	139	26	adf	adf	NOUN
dem-18451	139	27	test	test	NOUN
dem-18451	139	28	suffers	suffer	VERB
dem-18451	139	29	from	from	ADP
dem-18451	139	30	low	low	ADJ
dem-18451	139	31	power	power	NOUN
dem-18451	139	32	,	,	PUNCT
dem-18451	139	33	especially	especially	ADV
dem-18451	139	34	when	when	SCONJ
dem-18451	139	35	the	the	DET
dem-18451	139	36	moving	move	VERB
dem-18451	139	37	-	-	PUNCT
dem-18451	139	38	average	average	ADJ
dem-18451	139	39	polynomial	polynomial	NOUN
dem-18451	139	40	of	of	ADP
dem-18451	139	41	the	the	DET
dem-18451	139	42	first	first	ADJ
dem-18451	139	43	differenced	differenced	ADJ
dem-18451	139	44	series	series	NOUN
dem-18451	139	45	has	have	VERB
dem-18451	139	46	a	a	DET
dem-18451	139	47	large	large	ADJ
dem-18451	139	48	negative	negative	ADJ
dem-18451	139	49	root	root	NOUN
dem-18451	139	50	.	.	PUNCT
dem-18451	140	1	the	the	DET
dem-18451	140	2	adf	adf	PROPN
dem-18451	140	3	test	test	NOUN
dem-18451	140	4	seems	seem	VERB
dem-18451	140	5	to	to	PART
dem-18451	140	6	over	over	VERB
dem-18451	140	7	-	-	PUNCT
dem-18451	140	8	reject	reject	VERB
dem-18451	140	9	the	the	DET
dem-18451	140	10	null	null	ADJ
dem-18451	140	11	hypothesis	hypothesis	NOUN
dem-18451	140	12	when	when	SCONJ
dem-18451	140	13	it	it	PRON
dem-18451	140	14	is	be	AUX
dem-18451	140	15	true	true	ADJ
dem-18451	140	16	and	and	CCONJ
dem-18451	140	17	fails	fail	VERB
dem-18451	140	18	to	to	PART
dem-18451	140	19	reject	reject	VERB
dem-18451	140	20	the	the	DET
dem-18451	140	21	null	null	ADJ
dem-18451	140	22	hypothesis	hypothesis	NOUN
dem-18451	140	23	when	when	SCONJ
dem-18451	140	24	it	it	PRON
dem-18451	140	25	is	be	AUX
dem-18451	140	26	false	false	ADJ
dem-18451	140	27	.	.	PUNCT
dem-18451	141	1	to	to	PART
dem-18451	141	2	overcome	overcome	VERB
dem-18451	141	3	this	this	DET
dem-18451	141	4	issue	issue	NOUN
dem-18451	141	5	,	,	PUNCT
dem-18451	141	6	they	they	PRON
dem-18451	141	7	proposed	propose	VERB
dem-18451	141	8	a	a	DET
dem-18451	141	9	new	new	ADJ
dem-18451	141	10	test	test	NOUN
dem-18451	141	11	known	know	VERB
dem-18451	141	12	as	as	ADP
dem-18451	141	13	the	the	DET
dem-18451	141	14	ngperron	ngperron	PROPN
dem-18451	141	15	test	test	NOUN
dem-18451	141	16	.	.	PUNCT
dem-18451	142	1	compared	compare	VERB
dem-18451	142	2	to	to	ADP
dem-18451	142	3	the	the	DET
dem-18451	142	4	adf	adf	PROPN
dem-18451	142	5	and	and	CCONJ
dem-18451	142	6	pp	pp	PROPN
dem-18451	142	7	unit	unit	NOUN
dem-18451	142	8	root	root	NOUN
dem-18451	142	9	tests	test	NOUN
dem-18451	142	10	,	,	PUNCT
dem-18451	142	11	this	this	DET
dem-18451	142	12	test	test	NOUN
dem-18451	142	13	possesses	possess	VERB
dem-18451	142	14	better	well	ADJ
dem-18451	142	15	power	power	NOUN
dem-18451	142	16	and	and	CCONJ
dem-18451	142	17	size	size	NOUN
dem-18451	142	18	properties	property	NOUN
dem-18451	142	19	,	,	PUNCT
dem-18451	142	20	so	so	SCONJ
dem-18451	142	21	its	its	PRON
dem-18451	142	22	results	result	NOUN
dem-18451	142	23	are	be	AUX
dem-18451	142	24	more	more	ADV
dem-18451	142	25	reliable	reliable	ADJ
dem-18451	142	26	when	when	SCONJ
dem-18451	142	27	applied	apply	VERB
dem-18451	142	28	to	to	ADP
dem-18451	142	29	small	small	ADJ
dem-18451	142	30	data	datum	NOUN
dem-18451	142	31	sets	set	NOUN
dem-18451	142	32	(	(	PUNCT
dem-18451	142	33	harris	harris	PROPN
dem-18451	142	34	and	and	CCONJ
dem-18451	142	35	sollis	sollis	PROPN
dem-18451	142	36	,	,	PUNCT
dem-18451	142	37	2003	2003	NUM
dem-18451	142	38	)	)	PUNCT
dem-18451	142	39	.	.	PUNCT
dem-18451	143	1	the	the	DET
dem-18451	143	2	ng	ng	PROPN
dem-18451	143	3	-	-	PUNCT
dem-18451	143	4	perron	perron	PROPN
dem-18451	143	5	test	test	NOUN
dem-18451	143	6	has	have	VERB
dem-18451	143	7	the	the	DET
dem-18451	143	8	null	null	ADJ
dem-18451	143	9	hypothesis	hypothesis	NOUN
dem-18451	143	10	of	of	ADP
dem-18451	143	11	non	non	ADJ
dem-18451	143	12	-	-	NOUN
dem-18451	143	13	stationarity	stationarity	NOUN
dem-18451	143	14	of	of	ADP
dem-18451	143	15	the	the	DET
dem-18451	143	16	time	time	NOUN
dem-18451	143	17	series	series	NOUN
dem-18451	143	18	.	.	PUNCT
dem-18451	144	1	there	there	PRON
dem-18451	144	2	are	be	VERB
dem-18451	144	3	four	four	NUM
dem-18451	144	4	test	test	NOUN
dem-18451	144	5	statistics	statistic	NOUN
dem-18451	144	6	,	,	PUNCT
dem-18451	144	7	(	(	PUNCT
dem-18451	144	8	mz0,mz2,msb	mz0,mz2,msb	PROPN
dem-18451	144	9	,	,	PUNCT
dem-18451	144	10	mpt	mpt	PROPN
dem-18451	144	11	)	)	PUNCT
dem-18451	144	12	associated	associate	VERB
dem-18451	144	13	with	with	ADP
dem-18451	144	14	this	this	DET
dem-18451	144	15	test	test	NOUN
dem-18451	144	16	.	.	PUNCT
dem-18451	145	1	the	the	DET
dem-18451	145	2	first	first	ADJ
dem-18451	145	3	two	two	NUM
dem-18451	145	4	test	test	NOUN
dem-18451	145	5	statistics	statistic	NOUN
dem-18451	145	6	(	(	PUNCT
dem-18451	145	7	mz0,mz2	mz0,mz2	NOUN
dem-18451	145	8	)	)	PUNCT
dem-18451	145	9	are	be	AUX
dem-18451	145	10	efficient	efficient	ADJ
dem-18451	145	11	versions	version	NOUN
dem-18451	145	12	of	of	ADP
dem-18451	145	13	the	the	DET
dem-18451	145	14	z0	z0	PROPN
dem-18451	145	15	and	and	CCONJ
dem-18451	145	16	z2	z2	PROPN
dem-18451	145	17	test	test	NOUN
dem-18451	145	18	statistics	statistic	NOUN
dem-18451	145	19	,	,	PUNCT
dem-18451	145	20	and	and	CCONJ
dem-18451	145	21	are	be	AUX
dem-18451	145	22	usually	usually	ADV
dem-18451	145	23	reported	report	VERB
dem-18451	145	24	more	more	ADV
dem-18451	145	25	often	often	ADV
dem-18451	145	26	for	for	ADP
dem-18451	145	27	interpretation	interpretation	NOUN
dem-18451	145	28	of	of	ADP
dem-18451	145	29	empirical	empirical	ADJ
dem-18451	145	30	results	result	NOUN
dem-18451	145	31	(	(	PUNCT
dem-18451	145	32	gregorioui	gregorioui	ADJ
dem-18451	145	33	,	,	PUNCT
dem-18451	145	34	kontonikas	kontonikas	PROPN
dem-18451	145	35	and	and	CCONJ
dem-18451	145	36	montagnoli	montagnoli	NOUN
dem-18451	145	37	,	,	PUNCT
dem-18451	145	38	2006	2006	NUM
dem-18451	145	39	;	;	PUNCT
dem-18451	145	40	cuestas	cuesta	NOUN
dem-18451	145	41	and	and	CCONJ
dem-18451	145	42	harrison	harrison	NOUN
dem-18451	145	43	,	,	PUNCT
dem-18451	145	44	2008	2008	NUM
dem-18451	145	45	;	;	PUNCT
dem-18451	145	46	cuestas	cuesta	NOUN
dem-18451	145	47	and	and	CCONJ
dem-18451	145	48	staehr	staehr	NOUN
dem-18451	145	49	,	,	PUNCT
dem-18451	145	50	2013	2013	NUM
dem-18451	145	51	;	;	PUNCT
dem-18451	145	52	raihan	raihan	PROPN
dem-18451	145	53	et	et	PROPN
dem-18451	145	54	al	al	PROPN
dem-18451	145	55	.	.	PROPN
dem-18451	145	56	,	,	PUNCT
dem-18451	145	57	2017	2017	NUM
dem-18451	145	58	)	)	PUNCT
dem-18451	145	59	.	.	PUNCT
dem-18451	146	1	these	these	DET
dem-18451	146	2	statistics	statistic	NOUN
dem-18451	146	3	are	be	AUX
dem-18451	146	4	given	give	VERB
dem-18451	146	5	by	by	ADP
dem-18451	146	6	:	:	PUNCT
dem-18451	146	7	an	an	DET
dem-18451	146	8	enquiry	enquiry	NOUN
dem-18451	146	9	into	into	ADP
dem-18451	146	10	the	the	DET
dem-18451	146	11	effect	effect	NOUN
dem-18451	146	12	of	of	ADP
dem-18451	146	13	the	the	DET
dem-18451	146	14	interest	interest	NOUN
dem-18451	146	15	rate	rate	NOUN
dem-18451	146	16	,	,	PUNCT
dem-18451	146	17	gold	gold	NOUN
dem-18451	146	18	price	price	NOUN
dem-18451	146	19	,	,	PUNCT
dem-18451	146	20	and	and	CCONJ
dem-18451	146	21	the	the	DET
dem-18451	146	22	exchange	exchange	NOUN
dem-18451	146	23	…	…	SYM
dem-18451	146	24	dynamic	dynamic	ADJ
dem-18451	146	25	econometric	econometric	ADJ
dem-18451	146	26	models	model	NOUN
dem-18451	146	27	18	18	NUM
dem-18451	146	28	(	(	PUNCT
dem-18451	146	29	2018	2018	NUM
dem-18451	146	30	)	)	PUNCT
dem-18451	146	31	49–65	49–65	NUM
dem-18451	146	32	57	57	NUM
dem-18451	146	33	mz0	mz0	NOUN
dem-18451	147	1	=	=	PRON
dem-18451	148	1	:	:	PUNCT
dem-18451	148	2	;	;	PUNCT
dem-18451	148	3	<	<	X
dem-18451	148	4	(=	(=	X
dem-18451	148	5	>	>	PUNCT
dem-18451	148	6	)	)	PUNCT
dem-18451	148	7	?	?	PUNCT
dem-18451	149	1	@ab	@ab	PROPN
dem-18451	149	2	cd	cd	PROPN
dem-18451	149	3	(	(	PUNCT
dem-18451	149	4	1	1	NUM
dem-18451	149	5	)	)	PUNCT
dem-18451	149	6	m𝑍f	m𝑍f	NOUN
dem-18451	149	7	=	=	SYM
dem-18451	149	8	mz0msb	mz0msb	PROPN
dem-18451	149	9	(	(	PUNCT
dem-18451	149	10	2	2	NUM
dem-18451	149	11	)	)	PUNCT
dem-18451	149	12	where	where	SCONJ
dem-18451	149	13	k	k	NOUN
dem-18451	150	1	=	=	PUNCT
dem-18451	150	2	∑	∑	PUNCT
dem-18451	150	3	i	i	PROPN
dem-18451	150	4	=	=	PROPN
dem-18451	150	5	j	j	PROPN
dem-18451	150	6	;	;	PUNCT
dem-18451	150	7	<	<	X
dem-18451	150	8	:	:	PUNCT
dem-18451	150	9	k	k	PROPN
dem-18451	150	10	c	c	PROPN
dem-18451	150	11	,	,	PUNCT
dem-18451	150	12	:	:	PUNCT
dem-18451	150	13	2lc	2lc	PROPN
dem-18451	150	14	msb	msb	PROPN
dem-18451	151	1	=	=	PUNCT
dem-18451	151	2	i	i	PROPN
dem-18451	151	3	d	d	PROPN
dem-18451	151	4	ab	ab	PROPN
dem-18451	152	1	k	k	PROPN
dem-18451	152	2	m	m	VERB
dem-18451	152	3	cn	cn	INTJ
dem-18451	152	4	,	,	PUNCT
dem-18451	152	5	f0	f0	PROPN
dem-18451	152	6	is	be	AUX
dem-18451	152	7	the	the	DET
dem-18451	152	8	spectral	spectral	ADJ
dem-18451	152	9	density	density	NOUN
dem-18451	152	10	at	at	ADP
dem-18451	152	11	frequency	frequency	NOUN
dem-18451	152	12	zero	zero	NUM
dem-18451	152	13	,	,	PUNCT
dem-18451	152	14	and	and	CCONJ
dem-18451	152	15	y	y	NOUN
dem-18451	152	16	:	:	PUNCT
dem-18451	152	17	is	be	AUX
dem-18451	152	18	the	the	DET
dem-18451	152	19	generalized	generalized	ADJ
dem-18451	152	20	least	least	ADJ
dem-18451	152	21	squares	square	NOUN
dem-18451	152	22	(	(	PUNCT
dem-18451	152	23	gls	gls	PROPN
dem-18451	152	24	)	)	PUNCT
dem-18451	152	25	de	de	ADJ
dem-18451	152	26	-	-	ADJ
dem-18451	152	27	trended	trended	ADJ
dem-18451	152	28	value	value	NOUN
dem-18451	152	29	of	of	ADP
dem-18451	152	30	the	the	DET
dem-18451	152	31	variable	variable	NOUN
dem-18451	152	32	.	.	PUNCT
dem-18451	153	1	these	these	DET
dem-18451	153	2	statistics	statistic	NOUN
dem-18451	153	3	are	be	AUX
dem-18451	153	4	based	base	VERB
dem-18451	153	5	on	on	ADP
dem-18451	153	6	a	a	DET
dem-18451	153	7	specification	specification	NOUN
dem-18451	153	8	for	for	ADP
dem-18451	153	9	𝑥f	𝑥f	PRON
dem-18451	153	10	and	and	CCONJ
dem-18451	153	11	a	a	DET
dem-18451	153	12	method	method	NOUN
dem-18451	153	13	for	for	ADP
dem-18451	153	14	estimating	estimate	VERB
dem-18451	153	15	f0	f0	PROPN
dem-18451	153	16	.	.	PUNCT
dem-18451	154	1	the	the	DET
dem-18451	154	2	test	test	NOUN
dem-18451	154	3	uses	use	VERB
dem-18451	154	4	a	a	DET
dem-18451	154	5	gls	gl	VERB
dem-18451	154	6	detrended	detrende	VERB
dem-18451	154	7	series	series	NOUN
dem-18451	154	8	to	to	PART
dem-18451	154	9	improve	improve	VERB
dem-18451	154	10	the	the	DET
dem-18451	154	11	power	power	NOUN
dem-18451	154	12	properties	property	NOUN
dem-18451	154	13	and	and	CCONJ
dem-18451	154	14	uses	use	VERB
dem-18451	154	15	modified	modify	VERB
dem-18451	154	16	lag	lag	NOUN
dem-18451	154	17	selection	selection	NOUN
dem-18451	154	18	criteria	criterion	NOUN
dem-18451	154	19	to	to	PART
dem-18451	154	20	address	address	VERB
dem-18451	154	21	the	the	DET
dem-18451	154	22	size	size	NOUN
dem-18451	154	23	distortion	distortion	NOUN
dem-18451	154	24	.	.	PUNCT
dem-18451	155	1	we	we	PRON
dem-18451	155	2	use	use	VERB
dem-18451	155	3	the	the	DET
dem-18451	155	4	ng	ng	PROPN
dem-18451	155	5	-	-	PUNCT
dem-18451	155	6	perron	perron	PROPN
dem-18451	155	7	test	test	NOUN
dem-18451	155	8	to	to	PART
dem-18451	155	9	test	test	VERB
dem-18451	155	10	the	the	DET
dem-18451	155	11	stationarity	stationarity	NOUN
dem-18451	155	12	of	of	ADP
dem-18451	155	13	the	the	DET
dem-18451	155	14	variables	variable	NOUN
dem-18451	155	15	in	in	ADP
dem-18451	155	16	logarithmic	logarithmic	ADJ
dem-18451	155	17	scales	scale	NOUN
dem-18451	155	18	at	at	ADP
dem-18451	155	19	levels	level	NOUN
dem-18451	155	20	,	,	PUNCT
dem-18451	155	21	and	and	CCONJ
dem-18451	155	22	their	their	PRON
dem-18451	155	23	first	first	ADJ
dem-18451	155	24	differences	difference	NOUN
dem-18451	155	25	.	.	PUNCT
dem-18451	156	1	we	we	PRON
dem-18451	156	2	considered	consider	VERB
dem-18451	156	3	intercept	intercept	NOUN
dem-18451	156	4	as	as	ADV
dem-18451	156	5	well	well	ADV
dem-18451	156	6	as	as	ADP
dem-18451	156	7	intercept	intercept	NOUN
dem-18451	156	8	and	and	CCONJ
dem-18451	156	9	trend	trend	NOUN
dem-18451	156	10	while	while	SCONJ
dem-18451	156	11	testing	test	VERB
dem-18451	156	12	at	at	ADP
dem-18451	156	13	levels	level	NOUN
dem-18451	156	14	and	and	CCONJ
dem-18451	156	15	their	their	PRON
dem-18451	156	16	first	first	ADJ
dem-18451	156	17	differences	difference	NOUN
dem-18451	156	18	.	.	PUNCT
dem-18451	157	1	this	this	DET
dem-18451	157	2	analysis	analysis	NOUN
dem-18451	157	3	is	be	AUX
dem-18451	157	4	performed	perform	VERB
dem-18451	157	5	using	use	VERB
dem-18451	157	6	eviews	eviews	PROPN
dem-18451	157	7	10	10	NUM
dem-18451	157	8	.	.	PUNCT
dem-18451	158	1	as	as	SCONJ
dem-18451	158	2	reported	report	VERB
dem-18451	158	3	in	in	ADP
dem-18451	158	4	table	table	NOUN
dem-18451	158	5	4	4	NUM
dem-18451	158	6	and	and	CCONJ
dem-18451	158	7	table	table	NOUN
dem-18451	158	8	5	5	NUM
dem-18451	158	9	,	,	PUNCT
dem-18451	158	10	each	each	DET
dem-18451	158	11	series	series	NOUN
dem-18451	158	12	is	be	AUX
dem-18451	158	13	non	non	ADJ
dem-18451	158	14	-	-	ADJ
dem-18451	158	15	stationary	stationary	ADJ
dem-18451	158	16	at	at	ADP
dem-18451	158	17	levels	level	NOUN
dem-18451	158	18	,	,	PUNCT
dem-18451	158	19	and	and	CCONJ
dem-18451	158	20	then	then	ADV
dem-18451	158	21	stationary	stationary	ADJ
dem-18451	158	22	at	at	ADP
dem-18451	158	23	the	the	DET
dem-18451	158	24	first	first	ADJ
dem-18451	158	25	differences	difference	NOUN
dem-18451	158	26	,	,	PUNCT
dem-18451	158	27	suggesting	suggest	VERB
dem-18451	158	28	that	that	SCONJ
dem-18451	158	29	all	all	DET
dem-18451	158	30	the	the	DET
dem-18451	158	31	variables	variable	NOUN
dem-18451	158	32	are	be	AUX
dem-18451	158	33	individually	individually	ADV
dem-18451	158	34	integrated	integrate	VERB
dem-18451	158	35	of	of	ADP
dem-18451	158	36	order	order	NOUN
dem-18451	158	37	1	1	NUM
dem-18451	158	38	,	,	PUNCT
dem-18451	158	39	that	that	PRON
dem-18451	158	40	is	is	ADV
dem-18451	158	41	𝐼(1	𝐼(1	NUM
dem-18451	158	42	)	)	PUNCT
dem-18451	158	43	.	.	PUNCT
dem-18451	159	1	after	after	ADP
dem-18451	159	2	establishing	establish	VERB
dem-18451	159	3	the	the	DET
dem-18451	159	4	stationarity	stationarity	NOUN
dem-18451	159	5	of	of	ADP
dem-18451	159	6	the	the	DET
dem-18451	159	7	time	time	NOUN
dem-18451	159	8	series	series	PROPN
dem-18451	159	9	data	data	PROPN
dem-18451	159	10	,	,	PUNCT
dem-18451	159	11	we	we	PRON
dem-18451	159	12	proceed	proceed	VERB
dem-18451	159	13	to	to	PART
dem-18451	159	14	conduct	conduct	VERB
dem-18451	159	15	the	the	DET
dem-18451	159	16	test	test	NOUN
dem-18451	159	17	for	for	ADP
dem-18451	159	18	cointegration	cointegration	NOUN
dem-18451	159	19	.	.	PUNCT
dem-18451	160	1	3.3	3.3	NUM
dem-18451	160	2	.	.	PUNCT
dem-18451	161	1	the	the	DET
dem-18451	161	2	johansen	johansen	PROPN
dem-18451	161	3	test	test	NOUN
dem-18451	161	4	for	for	ADP
dem-18451	161	5	cointegration	cointegration	NOUN
dem-18451	161	6	to	to	PART
dem-18451	161	7	further	far	ADV
dem-18451	161	8	investigate	investigate	VERB
dem-18451	161	9	the	the	DET
dem-18451	161	10	long	long	ADJ
dem-18451	161	11	-	-	PUNCT
dem-18451	161	12	term	term	NOUN
dem-18451	161	13	relationships	relationship	NOUN
dem-18451	161	14	,	,	PUNCT
dem-18451	161	15	the	the	DET
dem-18451	161	16	johansen	johansen	PROPN
dem-18451	161	17	(	(	PUNCT
dem-18451	161	18	1988	1988	NUM
dem-18451	161	19	,	,	PUNCT
dem-18451	161	20	1991	1991	NUM
dem-18451	161	21	,	,	PUNCT
dem-18451	161	22	1992	1992	NUM
dem-18451	161	23	)	)	PUNCT
dem-18451	161	24	and	and	CCONJ
dem-18451	161	25	johansen	johansen	PROPN
dem-18451	161	26	and	and	CCONJ
dem-18451	161	27	juselius	juselius	PROPN
dem-18451	161	28	(	(	PUNCT
dem-18451	161	29	1990	1990	NUM
dem-18451	161	30	)	)	PUNCT
dem-18451	161	31	maximum	maximum	ADJ
dem-18451	161	32	likelihood	likelihood	NOUN
dem-18451	161	33	cointegration	cointegration	NOUN
dem-18451	161	34	technique	technique	NOUN
dem-18451	161	35	is	be	AUX
dem-18451	161	36	used	use	VERB
dem-18451	161	37	.	.	PUNCT
dem-18451	162	1	this	this	DET
dem-18451	162	2	technique	technique	NOUN
dem-18451	162	3	also	also	ADV
dem-18451	162	4	determines	determine	VERB
dem-18451	162	5	for	for	ADP
dem-18451	162	6	the	the	DET
dem-18451	162	7	number	number	NOUN
dem-18451	162	8	of	of	ADP
dem-18451	162	9	cointegrating	cointegrate	VERB
dem-18451	162	10	vectors	vector	NOUN
dem-18451	162	11	and	and	CCONJ
dem-18451	162	12	is	be	AUX
dem-18451	162	13	based	base	VERB
dem-18451	162	14	on	on	ADP
dem-18451	162	15	granger	granger	PROPN
dem-18451	162	16	’s	’s	PART
dem-18451	162	17	(	(	PUNCT
dem-18451	162	18	1981	1981	NUM
dem-18451	162	19	)	)	PUNCT
dem-18451	162	20	ecm	ecm	NOUN
dem-18451	162	21	representation	representation	NOUN
dem-18451	162	22	.	.	PUNCT
dem-18451	163	1	the	the	DET
dem-18451	163	2	multivariate	multivariate	NOUN
dem-18451	163	3	cointegration	cointegration	NOUN
dem-18451	163	4	test	test	NOUN
dem-18451	163	5	can	can	AUX
dem-18451	163	6	be	be	AUX
dem-18451	163	7	expressed	express	VERB
dem-18451	163	8	as	as	SCONJ
dem-18451	163	9	follows	follow	VERB
dem-18451	163	10	:	:	PUNCT
dem-18451	164	1	y2	y2	PROPN
dem-18451	164	2	=	=	SYM
dem-18451	164	3	kb	kb	PROPN
dem-18451	164	4	+	+	NUM
dem-18451	164	5	km∆y2@m	km∆y2@m	PROPN
dem-18451	164	6	+	+	CCONJ
dem-18451	164	7	kc∆y2@c	kc∆y2@c	PROPN
dem-18451	164	8	+	+	CCONJ
dem-18451	164	9	⋯+	⋯+	NOUN
dem-18451	164	10	ky@m∆y2@y	ky@m∆y2@y	VERB
dem-18451	164	11	+	+	CCONJ
dem-18451	164	12	πy2@y	πy2@y	X
dem-18451	164	13	+	+	CCONJ
dem-18451	164	14	ϵ2	ϵ2	ADJ
dem-18451	164	15	(	(	PUNCT
dem-18451	164	16	3	3	NUM
dem-18451	164	17	)	)	PUNCT
dem-18451	165	1	where	where	SCONJ
dem-18451	165	2	:	:	PUNCT
dem-18451	165	3	y2	y2	PROPN
dem-18451	165	4	=	=	SYM
dem-18451	165	5	(	(	PUNCT
dem-18451	165	6	nepse	nepse	NOUN
dem-18451	165	7	index	index	NOUN
dem-18451	165	8	,	,	PUNCT
dem-18451	165	9	interest	interest	NOUN
dem-18451	165	10	rate	rate	NOUN
dem-18451	165	11	,	,	PUNCT
dem-18451	165	12	gold	gold	NOUN
dem-18451	165	13	price	price	NOUN
dem-18451	165	14	,	,	PUNCT
dem-18451	165	15	exchange	exchange	NOUN
dem-18451	165	16	rate	rate	NOUN
dem-18451	165	17	)	)	PUNCT
dem-18451	165	18	’	'	PUNCT
dem-18451	165	19	and	and	CCONJ
dem-18451	165	20	are	be	AUX
dem-18451	165	21	cointegrated	cointegrate	VERB
dem-18451	165	22	of	of	ADP
dem-18451	165	23	order	order	NOUN
dem-18451	165	24	one	one	NUM
dem-18451	166	1	[	[	X
dem-18451	166	2	i.	i.	PROPN
dem-18451	166	3	e.	e.	PROPN
dem-18451	166	4	,	,	PUNCT
dem-18451	166	5	i(1	i(1	PROPN
dem-18451	166	6	)	)	PUNCT
dem-18451	166	7	]	]	PUNCT
dem-18451	166	8	,	,	PUNCT
dem-18451	166	9	k	k	X
dem-18451	166	10	=	=	PUNCT
dem-18451	166	11	a	a	DET
dem-18451	166	12	4	4	NUM
dem-18451	166	13	×	×	NOUN
dem-18451	166	14	4	4	NUM
dem-18451	166	15	matrix	matrix	NOUN
dem-18451	166	16	of	of	ADP
dem-18451	166	17	coefficients	coefficient	NOUN
dem-18451	166	18	,	,	PUNCT
dem-18451	166	19	∆=a	∆=a	NOUN
dem-18451	166	20	difference	difference	NOUN
dem-18451	166	21	operator	operator	NOUN
dem-18451	166	22	,	,	PUNCT
dem-18451	166	23	π	π	X
dem-18451	166	24	=	=	PUNCT
dem-18451	166	25	a	a	DET
dem-18451	166	26	4	4	NUM
dem-18451	166	27	×	×	NOUN
dem-18451	166	28	4	4	NUM
dem-18451	166	29	matrix	matrix	NOUN
dem-18451	166	30	of	of	ADP
dem-18451	166	31	parameters	parameter	NOUN
dem-18451	166	32	,	,	PUNCT
dem-18451	166	33	and	and	CCONJ
dem-18451	166	34	ϵ2	ϵ2	PROPN
dem-18451	166	35	=	=	PUNCT
dem-18451	166	36	a	a	DET
dem-18451	166	37	vector	vector	NOUN
dem-18451	166	38	of	of	ADP
dem-18451	166	39	normally	normally	ADV
dem-18451	166	40	and	and	CCONJ
dem-18451	166	41	identically	identically	ADV
dem-18451	166	42	distributed	distribute	VERB
dem-18451	166	43	error	error	NOUN
dem-18451	166	44	terms	term	NOUN
dem-18451	166	45	.	.	PUNCT
dem-18451	167	1	mitra	mitra	PROPN
dem-18451	167	2	lal	lal	PROPN
dem-18451	167	3	devkota	devkota	PROPN
dem-18451	167	4	,	,	PUNCT
dem-18451	167	5	humnath	humnath	NOUN
dem-18451	167	6	panta	panta	PROPN
dem-18451	167	7	dynamic	dynamic	ADJ
dem-18451	167	8	econometric	econometric	ADJ
dem-18451	167	9	models	model	NOUN
dem-18451	167	10	18	18	NUM
dem-18451	167	11	(	(	PUNCT
dem-18451	167	12	2018	2018	NUM
dem-18451	167	13	)	)	PUNCT
dem-18451	167	14	49–65	49–65	NUM
dem-18451	167	15	58	58	NUM
dem-18451	167	16	table	table	NOUN
dem-18451	167	17	4	4	NUM
dem-18451	167	18	.	.	PUNCT
dem-18451	167	19	ng	ng	PROPN
dem-18451	167	20	-	-	PUNCT
dem-18451	167	21	perron	perron	PROPN
dem-18451	167	22	test	test	NOUN
dem-18451	167	23	results	result	NOUN
dem-18451	167	24	-	-	PUNCT
dem-18451	167	25	levels	level	NOUN
dem-18451	167	26	variable	variable	ADJ
dem-18451	167	27	intercept	intercept	NOUN
dem-18451	167	28	intercept	intercept	NOUN
dem-18451	167	29	and	and	CCONJ
dem-18451	167	30	trend	trend	NOUN
dem-18451	167	31	mz0	mz0	PROPN
dem-18451	167	32	mz	mz	PROPN
dem-18451	167	33	:	:	PUNCT
dem-18451	167	34	mz0	mz0	PROPN
dem-18451	167	35	mz	mz	PROPN
dem-18451	167	36	:	:	PUNCT
dem-18451	167	37	ni	ni	PROPN
dem-18451	167	38	−0.176	−0.176	PROPN
dem-18451	167	39	−0.127	−0.127	PROPN
dem-18451	168	1	−2.529	−2.529	VERB
dem-18451	168	2	−1.124	−1.124	ADJ
dem-18451	168	3	gp	gp	NOUN
dem-18451	168	4	−0.682	−0.682	VERB
dem-18451	168	5	−0.763	−0.763	NOUN
dem-18451	168	6	−4.453	−4.453	NUM
dem-18451	168	7	−1.414	−1.414	NOUN
dem-18451	168	8	ir	ir	NOUN
dem-18451	168	9	−1.929	−1.929	NOUN
dem-18451	168	10	−0.307	−0.307	NOUN
dem-18451	169	1	−9.971	−9.971	NOUN
dem-18451	169	2	−2.131	−2.131	PROPN
dem-18451	170	1	er	er	INTJ
dem-18451	170	2	−0.329	−0.329	PROPN
dem-18451	170	3	−0.021	−0.021	NOUN
dem-18451	170	4	−9.146	−9.146	PRON
dem-18451	170	5	−0.214	−0.214	ADJ
dem-18451	170	6	critical	critical	ADJ
dem-18451	170	7	value	value	NOUN
dem-18451	170	8	−8.100	−8.100	PROPN
dem-18451	170	9	−1.980	−1.980	PROPN
dem-18451	170	10	−17.3	−17.3	PROPN
dem-18451	170	11	−2.910	−2.910	PROPN
dem-18451	170	12	note	note	NOUN
dem-18451	170	13	:	:	PUNCT
dem-18451	170	14	critical	critical	ADJ
dem-18451	170	15	values	value	NOUN
dem-18451	170	16	are	be	AUX
dem-18451	170	17	for	for	ADP
dem-18451	170	18	5	5	NUM
dem-18451	170	19	%	%	NOUN
dem-18451	170	20	level	level	NOUN
dem-18451	170	21	of	of	ADP
dem-18451	170	22	significance	significance	NOUN
dem-18451	170	23	;	;	PUNCT
dem-18451	170	24	ni	ni	NOUN
dem-18451	170	25	,	,	PUNCT
dem-18451	170	26	gp	gp	NOUN
dem-18451	170	27	,	,	PUNCT
dem-18451	170	28	er	er	INTJ
dem-18451	170	29	,	,	PUNCT
dem-18451	170	30	and	and	CCONJ
dem-18451	170	31	ir	ir	PROPN
dem-18451	170	32	stand	stand	VERB
dem-18451	170	33	for	for	ADP
dem-18451	170	34	nepse	nepse	NOUN
dem-18451	170	35	index	index	NOUN
dem-18451	170	36	,	,	PUNCT
dem-18451	170	37	gold	gold	NOUN
dem-18451	170	38	price	price	NOUN
dem-18451	170	39	,	,	PUNCT
dem-18451	170	40	exchange	exchange	NOUN
dem-18451	170	41	rate	rate	NOUN
dem-18451	170	42	,	,	PUNCT
dem-18451	170	43	and	and	CCONJ
dem-18451	170	44	interest	interest	NOUN
dem-18451	170	45	rate	rate	NOUN
dem-18451	170	46	,	,	PUNCT
dem-18451	170	47	respectively	respectively	ADV
dem-18451	170	48	.	.	PUNCT
dem-18451	170	49	table	table	NOUN
dem-18451	170	50	5	5	NUM
dem-18451	170	51	.	.	PUNCT
dem-18451	170	52	ng	ng	PROPN
dem-18451	170	53	-	-	PUNCT
dem-18451	170	54	perron	perron	PROPN
dem-18451	170	55	test	test	NOUN
dem-18451	170	56	results	result	NOUN
dem-18451	170	57	-	-	PUNCT
dem-18451	170	58	first	first	ADJ
dem-18451	170	59	differences	difference	NOUN
dem-18451	170	60	variable	variable	ADJ
dem-18451	170	61	intercept	intercept	NOUN
dem-18451	170	62	intercept	intercept	NOUN
dem-18451	170	63	and	and	CCONJ
dem-18451	170	64	trend	trend	NOUN
dem-18451	170	65	mz0	mz0	PROPN
dem-18451	171	1	mz	mz	PROPN
dem-18451	171	2	:	:	PUNCT
dem-18451	171	3	mz0	mz0	PROPN
dem-18451	171	4	mz	mz	PROPN
dem-18451	171	5	:	:	PUNCT
dem-18451	171	6	ni	ni	PROPN
dem-18451	171	7	−21.170	−21.170	PROPN
dem-18451	171	8	*	*	PROPN
dem-18451	171	9	−3.163	−3.163	PROPN
dem-18451	171	10	*	*	NOUN
dem-18451	171	11	−37.446	−37.446	PROPN
dem-18451	171	12	*	*	NOUN
dem-18451	171	13	−4.321	−4.321	PROPN
dem-18451	171	14	*	*	SYM
dem-18451	171	15	gp	gp	NOUN
dem-18451	171	16	−73.886	−73.886	PROPN
dem-18451	171	17	*	*	PUNCT
dem-18451	172	1	−6.078	−6.078	PROPN
dem-18451	172	2	*	*	PUNCT
dem-18451	172	3	−72.906	−72.906	PROPN
dem-18451	172	4	*	*	ADJ
dem-18451	172	5	−6.036	−6.036	PROPN
dem-18451	172	6	*	*	PUNCT
dem-18451	172	7	ir	ir	PROPN
dem-18451	172	8	−9.574	−9.574	NOUN
dem-18451	172	9	*	*	PROPN
dem-18451	172	10	−2.16	−2.16	NOUN
dem-18451	172	11	*	*	NOUN
dem-18451	172	12	−73.185	−73.185	PROPN
dem-18451	172	13	*	*	PUNCT
dem-18451	172	14	−6.048	−6.048	PROPN
dem-18451	172	15	*	*	NOUN
dem-18451	172	16	er	er	INTJ
dem-18451	172	17	−65.761	−65.761	ADJ
dem-18451	172	18	*	*	ADJ
dem-18451	172	19	−5.733	−5.733	NOUN
dem-18451	172	20	*	*	PUNCT
dem-18451	172	21	−67.054	−67.054	PROPN
dem-18451	172	22	*	*	PUNCT
dem-18451	172	23	−5.790	−5.790	PROPN
dem-18451	172	24	*	*	PUNCT
dem-18451	172	25	critical	critical	ADJ
dem-18451	172	26	value	value	NOUN
dem-18451	172	27	−21.170	−21.170	PROPN
dem-18451	172	28	*	*	PROPN
dem-18451	172	29	−3.163	−3.163	PROPN
dem-18451	172	30	*	*	NOUN
dem-18451	172	31	−37.446	−37.446	PROPN
dem-18451	172	32	*	*	SYM
dem-18451	172	33	−4.321	−4.321	PROPN
dem-18451	172	34	*	*	NOUN
dem-18451	172	35	note	note	NOUN
dem-18451	172	36	:	:	PUNCT
dem-18451	172	37	*	*	PUNCT
dem-18451	172	38	–	–	PUNCT
dem-18451	172	39	statistical	statistical	ADJ
dem-18451	172	40	significance	significance	NOUN
dem-18451	172	41	at	at	ADP
dem-18451	172	42	5	5	NUM
dem-18451	172	43	%	%	NOUN
dem-18451	172	44	level	level	NOUN
dem-18451	172	45	of	of	ADP
dem-18451	172	46	significance	significance	NOUN
dem-18451	172	47	;	;	PUNCT
dem-18451	172	48	ni	ni	NOUN
dem-18451	172	49	,	,	PUNCT
dem-18451	172	50	gp	gp	NOUN
dem-18451	172	51	,	,	PUNCT
dem-18451	172	52	er	er	INTJ
dem-18451	172	53	,	,	PUNCT
dem-18451	172	54	and	and	CCONJ
dem-18451	172	55	ir	ir	PROPN
dem-18451	172	56	stand	stand	VERB
dem-18451	172	57	for	for	ADP
dem-18451	172	58	nepse	nepse	NOUN
dem-18451	172	59	index	index	NOUN
dem-18451	172	60	,	,	PUNCT
dem-18451	172	61	gold	gold	NOUN
dem-18451	172	62	price	price	NOUN
dem-18451	172	63	,	,	PUNCT
dem-18451	172	64	exchange	exchange	NOUN
dem-18451	172	65	rate	rate	NOUN
dem-18451	172	66	,	,	PUNCT
dem-18451	172	67	and	and	CCONJ
dem-18451	172	68	interest	interest	NOUN
dem-18451	172	69	rate	rate	NOUN
dem-18451	172	70	,	,	PUNCT
dem-18451	172	71	respectively	respectively	ADV
dem-18451	172	72	.	.	PUNCT
dem-18451	173	1	the	the	DET
dem-18451	173	2	presence	presence	NOUN
dem-18451	173	3	of	of	ADP
dem-18451	173	4	r	r	NOUN
dem-18451	173	5	cointegrating	cointegrate	VERB
dem-18451	173	6	vectors	vector	NOUN
dem-18451	173	7	between	between	ADP
dem-18451	173	8	the	the	DET
dem-18451	173	9	elements	element	NOUN
dem-18451	173	10	of	of	ADP
dem-18451	173	11	y	y	PROPN
dem-18451	173	12	implies	imply	VERB
dem-18451	173	13	that	that	SCONJ
dem-18451	173	14	π	π	PROPN
dem-18451	173	15	is	be	AUX
dem-18451	173	16	of	of	ADP
dem-18451	173	17	rank	rank	NOUN
dem-18451	173	18	r	r	NOUN
dem-18451	173	19	(	(	PUNCT
dem-18451	173	20	0	0	PUNCT
dem-18451	173	21	<	<	X
dem-18451	173	22	r	r	X
dem-18451	173	23	<	<	X
dem-18451	173	24	4	4	NUM
dem-18451	173	25	)	)	PUNCT
dem-18451	173	26	.	.	PUNCT
dem-18451	174	1	to	to	PART
dem-18451	174	2	determine	determine	VERB
dem-18451	174	3	the	the	DET
dem-18451	174	4	number	number	NOUN
dem-18451	174	5	of	of	ADP
dem-18451	174	6	cointegrating	cointegrate	VERB
dem-18451	174	7	vectors	vector	NOUN
dem-18451	174	8	,	,	PUNCT
dem-18451	174	9	there	there	PRON
dem-18451	174	10	are	be	VERB
dem-18451	174	11	two	two	NUM
dem-18451	174	12	likelihood	likelihood	NOUN
dem-18451	174	13	ratio	ratio	NOUN
dem-18451	174	14	tests	test	NOUN
dem-18451	174	15	available	available	ADJ
dem-18451	174	16	.	.	PUNCT
dem-18451	175	1	these	these	PRON
dem-18451	175	2	are	be	AUX
dem-18451	175	3	trace	trace	NOUN
dem-18451	175	4	test	test	NOUN
dem-18451	175	5	(	(	PUNCT
dem-18451	175	6	λ	λ	NOUN
dem-18451	175	7	-	-	NOUN
dem-18451	175	8	trace	trace	NOUN
dem-18451	175	9	)	)	PUNCT
dem-18451	175	10	and	and	CCONJ
dem-18451	175	11	maximum	maximum	PROPN
dem-18451	175	12	eigenvalue	eigenvalue	ADJ
dem-18451	175	13	test	test	NOUN
dem-18451	175	14	(	(	PUNCT
dem-18451	175	15	λ	λ	NOUN
dem-18451	175	16	-	-	NOUN
dem-18451	175	17	max	max	NOUN
dem-18451	175	18	)	)	PUNCT
dem-18451	175	19	.	.	PUNCT
dem-18451	176	1	we	we	PRON
dem-18451	176	2	conducted	conduct	VERB
dem-18451	176	3	the	the	DET
dem-18451	176	4	johansen	johansen	PROPN
dem-18451	176	5	cointegration	cointegration	PROPN
dem-18451	176	6	test	test	NOUN
dem-18451	176	7	with	with	ADP
dem-18451	176	8	all	all	DET
dem-18451	176	9	the	the	DET
dem-18451	176	10	variables	variable	NOUN
dem-18451	176	11	in	in	ADP
dem-18451	176	12	their	their	PRON
dem-18451	176	13	logarithmic	logarithmic	ADJ
dem-18451	176	14	scales	scale	NOUN
dem-18451	176	15	and	and	CCONJ
dem-18451	176	16	used	use	VERB
dem-18451	176	17	both	both	DET
dem-18451	176	18	the	the	DET
dem-18451	176	19	λ	λ	NOUN
dem-18451	176	20	-	-	NOUN
dem-18451	176	21	trace	trace	NOUN
dem-18451	176	22	and	and	CCONJ
dem-18451	176	23	λ	λ	NOUN
dem-18451	176	24	-	-	ADJ
dem-18451	176	25	max	max	PROPN
dem-18451	176	26	statistics	statistic	NOUN
dem-18451	176	27	options	option	NOUN
dem-18451	176	28	in	in	ADP
dem-18451	176	29	eviews	eview	NOUN
dem-18451	176	30	.	.	PUNCT
dem-18451	177	1	for	for	ADP
dem-18451	177	2	both	both	CCONJ
dem-18451	177	3	the	the	DET
dem-18451	177	4	directions	direction	NOUN
dem-18451	177	5	,	,	PUNCT
dem-18451	177	6	3	3	NUM
dem-18451	177	7	lags	lag	NOUN
dem-18451	177	8	were	be	AUX
dem-18451	177	9	used	use	VERB
dem-18451	177	10	which	which	PRON
dem-18451	177	11	is	be	AUX
dem-18451	177	12	consistent	consistent	ADJ
dem-18451	177	13	with	with	ADP
dem-18451	177	14	bhattacharjee	bhattacharjee	PROPN
dem-18451	177	15	,	,	PUNCT
dem-18451	177	16	et	et	PROPN
dem-18451	177	17	al	al	PROPN
dem-18451	177	18	.	.	PROPN
dem-18451	177	19	,	,	PUNCT
dem-18451	177	20	(	(	PUNCT
dem-18451	177	21	2014	2014	NUM
dem-18451	177	22	)	)	PUNCT
dem-18451	177	23	.	.	PUNCT
dem-18451	178	1	the	the	DET
dem-18451	178	2	results	result	NOUN
dem-18451	178	3	for	for	ADP
dem-18451	178	4	both	both	CCONJ
dem-18451	178	5	the	the	DET
dem-18451	178	6	λ	λ	NOUN
dem-18451	178	7	-	-	NOUN
dem-18451	178	8	trace	trace	NOUN
dem-18451	178	9	and	and	CCONJ
dem-18451	178	10	λ	λ	NOUN
dem-18451	178	11	-	-	NOUN
dem-18451	178	12	max	max	PROPN
dem-18451	178	13	statistics	statistic	NOUN
dem-18451	178	14	are	be	AUX
dem-18451	178	15	summarized	summarize	VERB
dem-18451	178	16	in	in	ADP
dem-18451	178	17	table	table	NOUN
dem-18451	178	18	6	6	NUM
dem-18451	178	19	.	.	PUNCT
dem-18451	179	1	we	we	PRON
dem-18451	179	2	see	see	VERB
dem-18451	179	3	that	that	SCONJ
dem-18451	179	4	the	the	DET
dem-18451	179	5	λ	λ	NOUN
dem-18451	179	6	-	-	PUNCT
dem-18451	179	7	trace	trace	NOUN
dem-18451	179	8	statistic	statistic	NOUN
dem-18451	179	9	identified	identify	VERB
dem-18451	179	10	one	one	NUM
dem-18451	179	11	cointegrating	cointegrate	VERB
dem-18451	179	12	relationship	relationship	NOUN
dem-18451	179	13	among	among	ADP
dem-18451	179	14	the	the	DET
dem-18451	179	15	nepse	nepse	NOUN
dem-18451	179	16	index	index	NOUN
dem-18451	179	17	and	and	CCONJ
dem-18451	179	18	the	the	DET
dem-18451	179	19	three	three	NUM
dem-18451	179	20	macroeconomic	macroeconomic	ADJ
dem-18451	179	21	variables	variable	NOUN
dem-18451	179	22	,	,	PUNCT
dem-18451	179	23	while	while	SCONJ
dem-18451	179	24	the	the	DET
dem-18451	179	25	λ	λ	PROPN
dem-18451	179	26	-	-	ADJ
dem-18451	179	27	max	max	PROPN
dem-18451	179	28	statistic	statistic	NOUN
dem-18451	179	29	identified	identify	VERB
dem-18451	179	30	no	no	DET
dem-18451	179	31	cointegrating	cointegrate	VERB
dem-18451	179	32	relationship	relationship	NOUN
dem-18451	179	33	among	among	ADP
dem-18451	179	34	the	the	DET
dem-18451	179	35	variables	variable	NOUN
dem-18451	179	36	at	at	ADP
dem-18451	179	37	α	α	NOUN
dem-18451	179	38	=	=	NOUN
dem-18451	179	39	0.05	0.05	NUM
dem-18451	179	40	level	level	NOUN
dem-18451	179	41	of	of	ADP
dem-18451	179	42	significance	significance	NOUN
dem-18451	179	43	.	.	PUNCT
dem-18451	180	1	since	since	SCONJ
dem-18451	180	2	the	the	DET
dem-18451	180	3	trace	trace	NOUN
dem-18451	180	4	statistic	statistic	NOUN
dem-18451	180	5	takes	take	VERB
dem-18451	180	6	into	into	ADP
dem-18451	180	7	account	account	NOUN
dem-18451	180	8	all	all	PRON
dem-18451	180	9	of	of	ADP
dem-18451	180	10	the	the	DET
dem-18451	180	11	smallest	small	ADJ
dem-18451	180	12	eigenvalues	eigenvalue	NOUN
dem-18451	180	13	,	,	PUNCT
dem-18451	180	14	it	it	PRON
dem-18451	180	15	possesses	possess	VERB
dem-18451	180	16	more	more	ADJ
dem-18451	180	17	power	power	NOUN
dem-18451	180	18	than	than	ADP
dem-18451	180	19	the	the	DET
dem-18451	180	20	maximum	maximum	PROPN
dem-18451	180	21	eigenvalue	eigenvalue	ADJ
dem-18451	180	22	statistic	statistic	NOUN
dem-18451	180	23	(	(	PUNCT
dem-18451	180	24	kasa	kasa	PROPN
dem-18451	180	25	,	,	PUNCT
dem-18451	180	26	1992	1992	NUM
dem-18451	180	27	;	;	PUNCT
dem-18451	180	28	serletis	serletis	NOUN
dem-18451	180	29	and	and	CCONJ
dem-18451	180	30	king	king	NOUN
dem-18451	180	31	,	,	PUNCT
dem-18451	180	32	1997	1997	NUM
dem-18451	180	33	)	)	PUNCT
dem-18451	180	34	.	.	PUNCT
dem-18451	181	1	furthermore	furthermore	ADV
dem-18451	181	2	,	,	PUNCT
dem-18451	181	3	according	accord	VERB
dem-18451	181	4	to	to	ADP
dem-18451	181	5	cheung	cheung	PROPN
dem-18451	181	6	and	and	CCONJ
dem-18451	181	7	lai	lai	PROPN
dem-18451	181	8	(	(	PUNCT
dem-18451	181	9	1993	1993	NUM
dem-18451	181	10	)	)	PUNCT
dem-18451	181	11	,	,	PUNCT
dem-18451	181	12	the	the	DET
dem-18451	181	13	λ	λ	NOUN
dem-18451	181	14	-	-	PUNCT
dem-18451	181	15	trace	trace	NOUN
dem-18451	181	16	statistic	statistic	NOUN
dem-18451	181	17	is	be	AUX
dem-18451	181	18	more	more	ADV
dem-18451	181	19	robust	robust	ADJ
dem-18451	181	20	than	than	ADP
dem-18451	181	21	the	the	DET
dem-18451	181	22	λ	λ	PROPN
dem-18451	181	23	-	-	PROPN
dem-18451	181	24	max	max	PROPN
dem-18451	181	25	statistic	statistic	NOUN
dem-18451	181	26	,	,	PUNCT
dem-18451	181	27	and	and	CCONJ
dem-18451	181	28	hence	hence	ADV
dem-18451	181	29	,	,	PUNCT
dem-18451	181	30	we	we	PRON
dem-18451	181	31	conclude	conclude	VERB
dem-18451	181	32	that	that	SCONJ
dem-18451	181	33	there	there	PRON
dem-18451	181	34	is	be	VERB
dem-18451	181	35	at	at	ADV
dem-18451	181	36	least	least	ADJ
dem-18451	181	37	one	one	NUM
dem-18451	181	38	cointegrating	cointegrate	VERB
dem-18451	181	39	relationship	relationship	NOUN
dem-18451	181	40	between	between	ADP
dem-18451	181	41	nepse	nepse	NOUN
dem-18451	181	42	index	index	NOUN
dem-18451	181	43	,	,	PUNCT
dem-18451	181	44	the	the	DET
dem-18451	181	45	interest	interest	NOUN
dem-18451	181	46	rate	rate	NOUN
dem-18451	181	47	,	,	PUNCT
dem-18451	181	48	gold	gold	NOUN
dem-18451	181	49	price	price	NOUN
dem-18451	181	50	,	,	PUNCT
dem-18451	181	51	and	and	CCONJ
dem-18451	181	52	the	the	DET
dem-18451	181	53	usd	usd	NOUN
dem-18451	181	54	exchange	exchange	NOUN
dem-18451	181	55	rate	rate	NOUN
dem-18451	181	56	in	in	ADP
dem-18451	181	57	nepal	nepal	NOUN
dem-18451	181	58	.	.	PUNCT
dem-18451	182	1	in	in	ADP
dem-18451	182	2	other	other	ADJ
dem-18451	182	3	words	word	NOUN
dem-18451	182	4	,	,	PUNCT
dem-18451	182	5	there	there	PRON
dem-18451	182	6	exists	exist	VERB
dem-18451	182	7	a	a	DET
dem-18451	182	8	long	long	ADJ
dem-18451	182	9	run	run	VERB
dem-18451	182	10	equilibrium	equilibrium	NOUN
dem-18451	182	11	relationship	relationship	NOUN
dem-18451	182	12	between	between	ADP
dem-18451	182	13	the	the	DET
dem-18451	182	14	variables	variable	NOUN
dem-18451	182	15	.	.	PUNCT
dem-18451	183	1	furthermore	furthermore	ADV
dem-18451	183	2	,	,	PUNCT
dem-18451	183	3	bruesch	bruesch	PROPN
dem-18451	183	4	-	-	PUNCT
dem-18451	183	5	godfrey	godfrey	PROPN
dem-18451	183	6	serial	serial	ADJ
dem-18451	183	7	correlation	correlation	NOUN
dem-18451	183	8	lm	lm	NOUN
dem-18451	183	9	test	test	NOUN
dem-18451	183	10	results	result	NOUN
dem-18451	183	11	in	in	ADP
dem-18451	183	12	a	a	DET
dem-18451	183	13	chisquare	chisquare	NOUN
dem-18451	183	14	test	test	NOUN
dem-18451	183	15	statistic	statistic	NOUN
dem-18451	183	16	of	of	ADP
dem-18451	183	17	3.741	3.741	NUM
dem-18451	183	18	with	with	ADP
dem-18451	183	19	a	a	DET
dem-18451	183	20	p	p	NOUN
dem-18451	183	21	-	-	PUNCT
dem-18451	183	22	value	value	NOUN
dem-18451	183	23	of	of	ADP
dem-18451	183	24	0.154	0.154	NUM
dem-18451	183	25	.	.	PUNCT
dem-18451	184	1	this	this	PRON
dem-18451	184	2	suggests	suggest	VERB
dem-18451	184	3	that	that	SCONJ
dem-18451	184	4	the	the	DET
dem-18451	184	5	an	an	DET
dem-18451	184	6	enquiry	enquiry	NOUN
dem-18451	184	7	into	into	ADP
dem-18451	184	8	the	the	DET
dem-18451	184	9	effect	effect	NOUN
dem-18451	184	10	of	of	ADP
dem-18451	184	11	the	the	DET
dem-18451	184	12	interest	interest	NOUN
dem-18451	184	13	rate	rate	NOUN
dem-18451	184	14	,	,	PUNCT
dem-18451	184	15	gold	gold	NOUN
dem-18451	184	16	price	price	NOUN
dem-18451	184	17	,	,	PUNCT
dem-18451	184	18	and	and	CCONJ
dem-18451	184	19	the	the	DET
dem-18451	184	20	exchange	exchange	NOUN
dem-18451	184	21	…	…	SYM
dem-18451	184	22	dynamic	dynamic	ADJ
dem-18451	184	23	econometric	econometric	ADJ
dem-18451	184	24	models	model	NOUN
dem-18451	184	25	18	18	NUM
dem-18451	184	26	(	(	PUNCT
dem-18451	184	27	2018	2018	NUM
dem-18451	184	28	)	)	PUNCT
dem-18451	184	29	49–65	49–65	NUM
dem-18451	184	30	59	59	NUM
dem-18451	184	31	null	null	ADJ
dem-18451	184	32	hypothesis	hypothesis	NOUN
dem-18451	184	33	of	of	ADP
dem-18451	184	34	no	no	DET
dem-18451	184	35	serial	serial	ADJ
dem-18451	184	36	correlation	correlation	NOUN
dem-18451	184	37	is	be	AUX
dem-18451	184	38	not	not	PART
dem-18451	184	39	rejected	reject	VERB
dem-18451	184	40	at	at	ADP
dem-18451	184	41	5	5	NUM
dem-18451	184	42	%	%	NOUN
dem-18451	184	43	level	level	NOUN
dem-18451	184	44	of	of	ADP
dem-18451	184	45	significance	significance	NOUN
dem-18451	184	46	,	,	PUNCT
dem-18451	184	47	and	and	CCONJ
dem-18451	184	48	thus	thus	ADV
dem-18451	184	49	,	,	PUNCT
dem-18451	184	50	the	the	DET
dem-18451	184	51	adequacy	adequacy	NOUN
dem-18451	184	52	of	of	ADP
dem-18451	184	53	the	the	DET
dem-18451	184	54	model	model	NOUN
dem-18451	184	55	is	be	AUX
dem-18451	184	56	confirmed	confirm	VERB
dem-18451	184	57	.	.	PUNCT
dem-18451	185	1	table	table	NOUN
dem-18451	185	2	6	6	NUM
dem-18451	185	3	.	.	PUNCT
dem-18451	186	1	johansen	johansen	PROPN
dem-18451	186	2	cointegration	cointegration	PROPN
dem-18451	186	3	test	test	NOUN
dem-18451	186	4	results	result	NOUN
dem-18451	186	5	(	(	PUNCT
dem-18451	186	6	trace	trace	NOUN
dem-18451	186	7	and	and	CCONJ
dem-18451	186	8	max	max	PROPN
dem-18451	186	9	.	.	PROPN
dem-18451	186	10	eigenvalue	eigenvalue	PROPN
dem-18451	186	11	)	)	PUNCT
dem-18451	186	12	null	null	ADJ
dem-18451	186	13	hypotheses	hypothesis	NOUN
dem-18451	186	14	λ2mnop	λ2mnop	ADV
dem-18451	186	15	stat	stat	VERB
dem-18451	186	16	5	5	NUM
dem-18451	186	17	%	%	NOUN
dem-18451	186	18	critical	critical	ADJ
dem-18451	186	19	value	value	NOUN
dem-18451	186	20	p	p	NOUN
dem-18451	186	21	-	-	PUNCT
dem-18451	186	22	value	value	NOUN
dem-18451	186	23	λqnr	λqnr	NOUN
dem-18451	186	24	stat	stat	VERB
dem-18451	186	25	5	5	NUM
dem-18451	186	26	%	%	NOUN
dem-18451	186	27	critical	critical	ADJ
dem-18451	186	28	value	value	NOUN
dem-18451	186	29	p	p	NOUN
dem-18451	186	30	-	-	PUNCT
dem-18451	186	31	value	value	NOUN
dem-18451	186	32	r	r	NOUN
dem-18451	186	33	=	=	SYM
dem-18451	186	34	0	0	NUM
dem-18451	187	1	56.62	56.62	NUM
dem-18451	187	2	47.86	47.86	NUM
dem-18451	187	3	0.006	0.006	NUM
dem-18451	187	4	*	*	PUNCT
dem-18451	187	5	27.37	27.37	NUM
dem-18451	187	6	27.58	27.58	NUM
dem-18451	187	7	0.0532	0.0532	NUM
dem-18451	187	8	r	r	NOUN
dem-18451	187	9	≤	≤	NUM
dem-18451	187	10	1	1	NUM
dem-18451	187	11	29.25	29.25	NUM
dem-18451	187	12	29.80	29.80	NUM
dem-18451	187	13	0.058	0.058	NUM
dem-18451	187	14	20.43	20.43	NUM
dem-18451	187	15	21.13	21.13	NUM
dem-18451	187	16	0.062	0.062	NUM
dem-18451	187	17	r	r	NOUN
dem-18451	187	18	≤	≤	NUM
dem-18451	187	19	2	2	NUM
dem-18451	187	20	8.81	8.81	NUM
dem-18451	187	21	15.49	15.49	NUM
dem-18451	187	22	0.383	0.383	NUM
dem-18451	187	23	6.97	6.97	NUM
dem-18451	187	24	14.26	14.26	NUM
dem-18451	187	25	0.492	0.492	NUM
dem-18451	187	26	r	r	NOUN
dem-18451	187	27	≤	≤	NUM
dem-18451	187	28	3	3	NUM
dem-18451	187	29	1.84	1.84	NUM
dem-18451	187	30	3.84	3.84	NUM
dem-18451	187	31	0.175	0.175	NUM
dem-18451	187	32	1.84	1.84	NUM
dem-18451	187	33	3.84	3.84	NUM
dem-18451	187	34	0.175	0.175	NUM
dem-18451	187	35	notes	note	NOUN
dem-18451	187	36	:	:	PUNCT
dem-18451	187	37	*	*	ADJ
dem-18451	187	38	:	:	PUNCT
dem-18451	187	39	statistically	statistically	ADV
dem-18451	187	40	significant	significant	ADJ
dem-18451	187	41	at	at	ADP
dem-18451	187	42	5	5	NUM
dem-18451	187	43	%	%	NOUN
dem-18451	187	44	level	level	NOUN
dem-18451	187	45	of	of	ADP
dem-18451	187	46	significance	significance	NOUN
dem-18451	187	47	;	;	PUNCT
dem-18451	187	48	r	r	NOUN
dem-18451	187	49	=	=	NOUN
dem-18451	187	50	hypothesized	hypothesize	VERB
dem-18451	187	51	number	number	NOUN
dem-18451	187	52	of	of	ADP
dem-18451	187	53	cointegrating	cointegrate	VERB
dem-18451	187	54	equations	equation	NOUN
dem-18451	187	55	;	;	PUNCT
dem-18451	187	56	the	the	DET
dem-18451	187	57	cointegration	cointegration	NOUN
dem-18451	187	58	model	model	NOUN
dem-18451	187	59	is	be	AUX
dem-18451	187	60	based	base	VERB
dem-18451	187	61	on	on	ADP
dem-18451	187	62	the	the	DET
dem-18451	187	63	vector	vector	NOUN
dem-18451	187	64	autoregression	autoregression	NOUN
dem-18451	187	65	model	model	NOUN
dem-18451	187	66	(	(	PUNCT
dem-18451	187	67	var	var	NOUN
dem-18451	187	68	)	)	PUNCT
dem-18451	187	69	with	with	ADP
dem-18451	187	70	3	3	NUM
dem-18451	187	71	lags	lag	NOUN
dem-18451	187	72	as	as	SCONJ
dem-18451	187	73	determined	determine	VERB
dem-18451	187	74	by	by	ADP
dem-18451	187	75	the	the	DET
dem-18451	187	76	likelihood	likelihood	NOUN
dem-18451	187	77	ratio	ratio	NOUN
dem-18451	187	78	test	test	NOUN
dem-18451	187	79	;	;	PUNCT
dem-18451	187	80	the	the	DET
dem-18451	187	81	critical	critical	ADJ
dem-18451	187	82	values	value	NOUN
dem-18451	187	83	for	for	ADP
dem-18451	187	84	trace	trace	NOUN
dem-18451	187	85	and	and	CCONJ
dem-18451	187	86	max	max	PROPN
dem-18451	187	87	-	-	PUNCT
dem-18451	187	88	eigen	eigen	PROPN
dem-18451	187	89	statistics	statistic	NOUN
dem-18451	187	90	are	be	AUX
dem-18451	187	91	calculated	calculate	VERB
dem-18451	187	92	by	by	ADP
dem-18451	187	93	eviews	eviews	PROPN
dem-18451	187	94	(	(	PUNCT
dem-18451	187	95	10	10	NUM
dem-18451	187	96	)	)	PUNCT
dem-18451	187	97	.	.	PUNCT
dem-18451	188	1	3.4	3.4	NUM
dem-18451	188	2	granger	granger	NOUN
dem-18451	188	3	causality	causality	NOUN
dem-18451	188	4	and	and	CCONJ
dem-18451	188	5	vector	vector	NOUN
dem-18451	188	6	error	error	NOUN
dem-18451	188	7	correction	correction	NOUN
dem-18451	188	8	model	model	NOUN
dem-18451	188	9	(	(	PUNCT
dem-18451	188	10	vecm	vecm	NOUN
dem-18451	188	11	)	)	PUNCT
dem-18451	188	12	the	the	DET
dem-18451	188	13	results	result	NOUN
dem-18451	188	14	from	from	ADP
dem-18451	188	15	the	the	DET
dem-18451	188	16	johansen	johansen	PROPN
dem-18451	188	17	test	test	NOUN
dem-18451	188	18	for	for	ADP
dem-18451	188	19	cointegration	cointegration	NOUN
dem-18451	188	20	indicate	indicate	VERB
dem-18451	188	21	that	that	SCONJ
dem-18451	188	22	causality	causality	NOUN
dem-18451	188	23	exists	exist	VERB
dem-18451	188	24	between	between	ADP
dem-18451	188	25	the	the	DET
dem-18451	188	26	cointegrated	cointegrate	VERB
dem-18451	188	27	variables	variable	NOUN
dem-18451	188	28	.	.	PUNCT
dem-18451	189	1	the	the	DET
dem-18451	189	2	granger	granger	PROPN
dem-18451	189	3	causality	causality	PROPN
dem-18451	189	4	test	test	NOUN
dem-18451	189	5	(	(	PUNCT
dem-18451	189	6	1987	1987	NUM
dem-18451	189	7	)	)	PUNCT
dem-18451	189	8	is	be	AUX
dem-18451	189	9	a	a	DET
dem-18451	189	10	statistical	statistical	ADJ
dem-18451	189	11	procedure	procedure	NOUN
dem-18451	189	12	used	use	VERB
dem-18451	189	13	to	to	PART
dem-18451	189	14	determine	determine	VERB
dem-18451	189	15	if	if	SCONJ
dem-18451	189	16	one	one	NUM
dem-18451	189	17	time	time	NOUN
dem-18451	189	18	series	series	NOUN
dem-18451	189	19	is	be	AUX
dem-18451	189	20	helpful	helpful	ADJ
dem-18451	189	21	in	in	ADP
dem-18451	189	22	forecasting	forecast	VERB
dem-18451	189	23	another	another	PRON
dem-18451	189	24	.	.	PUNCT
dem-18451	190	1	according	accord	VERB
dem-18451	190	2	to	to	ADP
dem-18451	190	3	engle	engle	PROPN
dem-18451	190	4	and	and	CCONJ
dem-18451	190	5	granger	granger	PROPN
dem-18451	190	6	(	(	PUNCT
dem-18451	190	7	1987	1987	NUM
dem-18451	190	8	)	)	PUNCT
dem-18451	190	9	,	,	PUNCT
dem-18451	190	10	if	if	SCONJ
dem-18451	190	11	two	two	NUM
dem-18451	190	12	variables	variable	NOUN
dem-18451	190	13	x2	x2	PROPN
dem-18451	190	14	and	and	CCONJ
dem-18451	190	15	y2	y2	PROPN
dem-18451	190	16	are	be	AUX
dem-18451	190	17	cointegrated	cointegrate	VERB
dem-18451	190	18	,	,	PUNCT
dem-18451	190	19	there	there	PRON
dem-18451	190	20	exists	exist	VERB
dem-18451	190	21	an	an	DET
dem-18451	190	22	error	error	NOUN
dem-18451	190	23	correction	correction	NOUN
dem-18451	190	24	model	model	NOUN
dem-18451	190	25	given	give	VERB
dem-18451	190	26	by	by	ADP
dem-18451	190	27	∆x2	∆x2	NOUN
dem-18451	190	28	=	=	X
dem-18451	190	29	γm	γm	ADJ
dem-18451	190	30	+	+	NUM
dem-18451	190	31	θmect2@m	θmect2@m	NOUN
dem-18451	190	32	+	+	CCONJ
dem-18451	190	33	∑	∑	PROPN
dem-18451	190	34	δm∆x2@zq	δm∆x2@zq	PROPN
dem-18451	190	35	zlm	zlm	NOUN
dem-18451	190	36	+	+	CCONJ
dem-18451	190	37	∑	∑	PROPN
dem-18451	190	38	τm∆y2@z|	τm∆y2@z|	PROPN
dem-18451	190	39	zlm	zlm	NOUN
dem-18451	191	1	+	+	CCONJ
dem-18451	191	2	ϵm2	ϵm2	NOUN
dem-18451	191	3	(	(	PUNCT
dem-18451	191	4	4	4	NUM
dem-18451	191	5	)	)	PUNCT
dem-18451	191	6	∆y2	∆y2	PROPN
dem-18451	191	7	=	=	SYM
dem-18451	191	8	γc	γc	PROPN
dem-18451	191	9	+	+	NUM
dem-18451	191	10	θcect2@m	θcect2@m	NOUN
dem-18451	191	11	+	+	NOUN
dem-18451	191	12	∑	∑	PUNCT
dem-18451	191	13	δc∆y2@zq	δc∆y2@zq	PROPN
dem-18451	191	14	zlm	zlm	NOUN
dem-18451	191	15	+	+	CCONJ
dem-18451	191	16	∑	∑	PUNCT
dem-18451	191	17	τc∆x2@z|	τc∆x2@z|	ADJ
dem-18451	191	18	zlm	zlm	NOUN
dem-18451	191	19	+	+	CCONJ
dem-18451	191	20	ϵc2	ϵc2	NOUN
dem-18451	191	21	(	(	PUNCT
dem-18451	191	22	5	5	NUM
dem-18451	191	23	)	)	PUNCT
dem-18451	191	24	where	where	SCONJ
dem-18451	191	25	∆	∆	PROPN
dem-18451	191	26	is	be	AUX
dem-18451	191	27	the	the	DET
dem-18451	191	28	difference	difference	NOUN
dem-18451	191	29	operator	operator	NOUN
dem-18451	191	30	,	,	PUNCT
dem-18451	191	31	𝑚	𝑚	PROPN
dem-18451	191	32	and	and	CCONJ
dem-18451	191	33	𝑛	𝑛	PROPN
dem-18451	191	34	are	be	AUX
dem-18451	191	35	the	the	DET
dem-18451	191	36	lag	lag	NOUN
dem-18451	191	37	lengths	length	NOUN
dem-18451	191	38	of	of	ADP
dem-18451	191	39	the	the	DET
dem-18451	191	40	variables	variable	NOUN
dem-18451	191	41	,	,	PUNCT
dem-18451	191	42	ect	ect	VERB
dem-18451	191	43	refers	refer	VERB
dem-18451	191	44	to	to	ADP
dem-18451	191	45	the	the	DET
dem-18451	191	46	error	error	NOUN
dem-18451	191	47	correction	correction	NOUN
dem-18451	191	48	term(s	term(s	NUM
dem-18451	191	49	)	)	PUNCT
dem-18451	191	50	derived	derive	VERB
dem-18451	191	51	from	from	ADP
dem-18451	191	52	the	the	DET
dem-18451	191	53	long	long	ADV
dem-18451	191	54	-	-	PUNCT
dem-18451	191	55	run	run	VERB
dem-18451	191	56	cointegration	cointegration	NOUN
dem-18451	191	57	relationship	relationship	NOUN
dem-18451	191	58	via	via	ADP
dem-18451	191	59	johansen	johansen	PROPN
dem-18451	191	60	maximum	maximum	PROPN
dem-18451	191	61	likelihood	likelihood	NOUN
dem-18451	191	62	procedure	procedure	NOUN
dem-18451	191	63	,	,	PUNCT
dem-18451	191	64	γ	γ	X
dem-18451	191	65	,	,	PUNCT
dem-18451	191	66	θ	θ	PROPN
dem-18451	191	67	,	,	PUNCT
dem-18451	191	68	δ	δ	PROPN
dem-18451	191	69	,	,	PUNCT
dem-18451	191	70	τ	τ	PROPN
dem-18451	191	71	are	be	AUX
dem-18451	191	72	the	the	DET
dem-18451	191	73	parameters	parameter	NOUN
dem-18451	191	74	to	to	PART
dem-18451	191	75	be	be	AUX
dem-18451	191	76	estimated	estimate	VERB
dem-18451	191	77	,	,	PUNCT
dem-18451	191	78	and	and	CCONJ
dem-18451	191	79	ϵm2	ϵm2	NOUN
dem-18451	191	80	and	and	CCONJ
dem-18451	191	81	ϵc2	ϵc2	NOUN
dem-18451	191	82	are	be	AUX
dem-18451	191	83	the	the	DET
dem-18451	191	84	white	white	NOUN
dem-18451	191	85	opens	open	VERB
dem-18451	191	86	up	up	ADP
dem-18451	191	87	an	an	DET
dem-18451	191	88	additional	additional	ADJ
dem-18451	191	89	channel	channel	NOUN
dem-18451	191	90	for	for	SCONJ
dem-18451	191	91	granger	granger	PROPN
dem-18451	191	92	causality	causality	PROPN
dem-18451	191	93	to	to	PART
dem-18451	191	94	emerge	emerge	VERB
dem-18451	191	95	that	that	PRON
dem-18451	191	96	is	be	AUX
dem-18451	191	97	completely	completely	ADV
dem-18451	191	98	ignored	ignore	VERB
dem-18451	191	99	by	by	ADP
dem-18451	191	100	the	the	DET
dem-18451	191	101	standard	standard	ADJ
dem-18451	191	102	granger	granger	NOUN
dem-18451	191	103	and	and	CCONJ
dem-18451	191	104	sims	sim	NOUN
dem-18451	191	105	tests	test	NOUN
dem-18451	191	106	.	.	PUNCT
dem-18451	192	1	the	the	DET
dem-18451	192	2	granger	granger	PROPN
dem-18451	192	3	causality	causality	NOUN
dem-18451	192	4	can	can	AUX
dem-18451	192	5	be	be	AUX
dem-18451	192	6	tested	test	VERB
dem-18451	192	7	by	by	ADP
dem-18451	192	8	examining	examine	VERB
dem-18451	192	9	the	the	DET
dem-18451	192	10	statistical	statistical	ADJ
dem-18451	192	11	significance	significance	NOUN
dem-18451	192	12	of	of	ADP
dem-18451	192	13	the	the	DET
dem-18451	192	14	lagged	lag	VERB
dem-18451	192	15	ects	ect	NOUN
dem-18451	192	16	using	use	VERB
dem-18451	192	17	a	a	DET
dem-18451	192	18	t	t	NOUN
dem-18451	192	19	-	-	PUNCT
dem-18451	192	20	test	test	NOUN
dem-18451	192	21	or	or	CCONJ
dem-18451	192	22	by	by	ADP
dem-18451	192	23	a	a	DET
dem-18451	192	24	joined	joined	ADJ
dem-18451	192	25	test	test	NOUN
dem-18451	192	26	applied	apply	VERB
dem-18451	192	27	to	to	ADP
dem-18451	192	28	significance	significance	NOUN
dem-18451	192	29	of	of	ADP
dem-18451	192	30	the	the	DET
dem-18451	192	31	sum	sum	NOUN
dem-18451	192	32	of	of	ADP
dem-18451	192	33	the	the	DET
dem-18451	192	34	lags	lag	NOUN
dem-18451	192	35	of	of	ADP
dem-18451	192	36	each	each	DET
dem-18451	192	37	explanatory	explanatory	ADJ
dem-18451	192	38	variable	variable	NOUN
dem-18451	192	39	by	by	ADP
dem-18451	192	40	an	an	DET
dem-18451	192	41	f	f	PROPN
dem-18451	192	42	-	-	PUNCT
dem-18451	192	43	or	or	CCONJ
dem-18451	192	44	wald	wald	ADJ
dem-18451	192	45	χc	χc	PROPN
dem-18451	192	46	test1	test1	PROPN
dem-18451	192	47	.	.	PUNCT
dem-18451	193	1	the	the	DET
dem-18451	193	2	johansen	johansen	PROPN
dem-18451	193	3	test	test	NOUN
dem-18451	193	4	of	of	ADP
dem-18451	193	5	cointegration	cointegration	NOUN
dem-18451	193	6	in	in	ADP
dem-18451	193	7	section	section	NOUN
dem-18451	193	8	3.3	3.3	NUM
dem-18451	193	9	shows	show	VERB
dem-18451	193	10	that	that	SCONJ
dem-18451	193	11	there	there	PRON
dem-18451	193	12	is	be	VERB
dem-18451	193	13	cointegration	cointegration	NOUN
dem-18451	193	14	between	between	ADP
dem-18451	193	15	the	the	DET
dem-18451	193	16	nepse	nepse	PROPN
dem-18451	193	17	index	index	NOUN
dem-18451	193	18	,	,	PUNCT
dem-18451	193	19	the	the	DET
dem-18451	193	20	interest	interest	NOUN
dem-18451	193	21	rate	rate	NOUN
dem-18451	193	22	,	,	PUNCT
dem-18451	193	23	gold	gold	NOUN
dem-18451	193	24	price	price	NOUN
dem-18451	193	25	,	,	PUNCT
dem-18451	193	26	and	and	CCONJ
dem-18451	193	27	the	the	DET
dem-18451	193	28	usd	usd	NOUN
dem-18451	193	29	1	1	NUM
dem-18451	193	30	we	we	PRON
dem-18451	193	31	tested	test	VERB
dem-18451	193	32	the	the	DET
dem-18451	193	33	long	long	ADV
dem-18451	193	34	-	-	PUNCT
dem-18451	193	35	run	run	NOUN
dem-18451	193	36	causality	causality	NOUN
dem-18451	193	37	through	through	ADP
dem-18451	193	38	the	the	DET
dem-18451	193	39	statistical	statistical	ADJ
dem-18451	193	40	significance	significance	NOUN
dem-18451	193	41	of	of	ADP
dem-18451	193	42	each	each	DET
dem-18451	193	43	error	error	NOUN
dem-18451	193	44	correction	correction	NOUN
dem-18451	193	45	term	term	NOUN
dem-18451	193	46	by	by	ADP
dem-18451	193	47	an	an	DET
dem-18451	193	48	individual	individual	ADJ
dem-18451	193	49	t	t	NOUN
dem-18451	193	50	-	-	PUNCT
dem-18451	193	51	test	test	NOUN
dem-18451	193	52	,	,	PUNCT
dem-18451	193	53	and	and	CCONJ
dem-18451	193	54	the	the	DET
dem-18451	193	55	short	short	ADJ
dem-18451	193	56	-	-	PUNCT
dem-18451	193	57	run	run	NOUN
dem-18451	193	58	granger	granger	NOUN
dem-18451	193	59	causality	causality	NOUN
dem-18451	193	60	through	through	ADP
dem-18451	193	61	the	the	DET
dem-18451	193	62	joint	joint	ADJ
dem-18451	193	63	significance	significance	NOUN
dem-18451	193	64	of	of	ADP
dem-18451	193	65	the	the	DET
dem-18451	193	66	lags	lag	NOUN
dem-18451	193	67	of	of	ADP
dem-18451	193	68	each	each	DET
dem-18451	193	69	explanatory	explanatory	ADJ
dem-18451	193	70	variable	variable	NOUN
dem-18451	193	71	by	by	ADP
dem-18451	193	72	a	a	DET
dem-18451	193	73	wald	wald	PROPN
dem-18451	193	74	𝜒c	𝜒c	PROPN
dem-18451	193	75	test	test	NOUN
dem-18451	193	76	.	.	PUNCT
dem-18451	194	1	a	a	DET
dem-18451	194	2	variable	variable	NOUN
dem-18451	194	3	x	x	PUNCT
dem-18451	194	4	is	be	AUX
dem-18451	194	5	said	say	VERB
dem-18451	194	6	to	to	ADP
dem-18451	194	7	granger	granger	PROPN
dem-18451	194	8	cause	cause	VERB
dem-18451	194	9	a	a	DET
dem-18451	194	10	variable	variable	ADJ
dem-18451	194	11	y	y	NOUN
dem-18451	194	12	,	,	PUNCT
dem-18451	194	13	if	if	SCONJ
dem-18451	194	14	addition	addition	NOUN
dem-18451	194	15	of	of	ADP
dem-18451	194	16	lagged	lag	VERB
dem-18451	194	17	values	value	NOUN
dem-18451	194	18	of	of	ADP
dem-18451	194	19	x	x	PUNCT
dem-18451	194	20	in	in	ADP
dem-18451	194	21	the	the	DET
dem-18451	194	22	regression	regression	NOUN
dem-18451	194	23	model	model	NOUN
dem-18451	194	24	describing	describe	VERB
dem-18451	194	25	y	y	PROPN
dem-18451	194	26	can	can	AUX
dem-18451	194	27	improve	improve	VERB
dem-18451	194	28	quality	quality	NOUN
dem-18451	194	29	of	of	ADP
dem-18451	194	30	the	the	DET
dem-18451	194	31	model	model	NOUN
dem-18451	194	32	and/or	and/or	CCONJ
dem-18451	194	33	forecasts	forecast	NOUN
dem-18451	194	34	(	(	PUNCT
dem-18451	194	35	see	see	VERB
dem-18451	194	36	,	,	PUNCT
dem-18451	194	37	syczewska	syczewska	PROPN
dem-18451	194	38	,	,	PUNCT
dem-18451	194	39	2014	2014	NUM
dem-18451	194	40	;	;	PUNCT
dem-18451	194	41	osinska	osinska	NUM
dem-18451	194	42	,	,	PUNCT
dem-18451	194	43	2011	2011	NUM
dem-18451	194	44	)	)	PUNCT
dem-18451	194	45	.	.	PUNCT
dem-18451	195	1	mitra	mitra	PROPN
dem-18451	195	2	lal	lal	PROPN
dem-18451	195	3	devkota	devkota	PROPN
dem-18451	195	4	,	,	PUNCT
dem-18451	195	5	humnath	humnath	NOUN
dem-18451	195	6	panta	panta	PROPN
dem-18451	195	7	dynamic	dynamic	ADJ
dem-18451	195	8	econometric	econometric	ADJ
dem-18451	195	9	models	model	NOUN
dem-18451	195	10	18	18	NUM
dem-18451	195	11	(	(	PUNCT
dem-18451	195	12	2018	2018	NUM
dem-18451	195	13	)	)	PUNCT
dem-18451	195	14	49–65	49–65	NUM
dem-18451	195	15	60	60	NUM
dem-18451	195	16	exchange	exchange	NOUN
dem-18451	195	17	rate	rate	NOUN
dem-18451	195	18	.	.	PUNCT
dem-18451	196	1	we	we	PRON
dem-18451	196	2	now	now	ADV
dem-18451	196	3	proceed	proceed	VERB
dem-18451	196	4	to	to	PART
dem-18451	196	5	fit	fit	VERB
dem-18451	196	6	the	the	DET
dem-18451	196	7	vecm	vecm	NOUN
dem-18451	196	8	model	model	NOUN
dem-18451	196	9	to	to	PART
dem-18451	196	10	test	test	VERB
dem-18451	196	11	the	the	DET
dem-18451	196	12	existence	existence	NOUN
dem-18451	196	13	of	of	ADP
dem-18451	196	14	short	short	ADJ
dem-18451	196	15	and	and	CCONJ
dem-18451	196	16	long	long	ADV
dem-18451	196	17	-	-	PUNCT
dem-18451	196	18	run	run	VERB
dem-18451	196	19	causal	causal	ADJ
dem-18451	196	20	relationships	relationship	NOUN
dem-18451	196	21	.	.	PUNCT
dem-18451	197	1	vecm	vecm	NOUN
dem-18451	197	2	includes	include	VERB
dem-18451	197	3	lags	lag	NOUN
dem-18451	197	4	of	of	ADP
dem-18451	197	5	the	the	DET
dem-18451	197	6	dependent	dependent	ADJ
dem-18451	197	7	variables	variable	NOUN
dem-18451	197	8	,	,	PUNCT
dem-18451	197	9	in	in	ADP
dem-18451	197	10	addition	addition	NOUN
dem-18451	197	11	to	to	ADP
dem-18451	197	12	its	its	PRON
dem-18451	197	13	own	own	ADJ
dem-18451	197	14	lags	lag	NOUN
dem-18451	197	15	(	(	PUNCT
dem-18451	197	16	upadhyaya	upadhyaya	NOUN
dem-18451	197	17	,	,	PUNCT
dem-18451	197	18	nag	nag	VERB
dem-18451	197	19	and	and	CCONJ
dem-18451	197	20	franklin	franklin	PROPN
dem-18451	197	21	jr	jr	PROPN
dem-18451	197	22	,	,	PUNCT
dem-18451	197	23	2018	2018	NUM
dem-18451	197	24	)	)	PUNCT
dem-18451	197	25	.	.	PUNCT
dem-18451	198	1	in	in	ADP
dem-18451	198	2	addition	addition	NOUN
dem-18451	198	3	to	to	ADP
dem-18451	198	4	indicating	indicate	VERB
dem-18451	198	5	the	the	DET
dem-18451	198	6	direction	direction	NOUN
dem-18451	198	7	of	of	ADP
dem-18451	198	8	causality	causality	NOUN
dem-18451	198	9	amongst	amongst	ADP
dem-18451	198	10	the	the	DET
dem-18451	198	11	variables	variable	NOUN
dem-18451	198	12	,	,	PUNCT
dem-18451	198	13	the	the	DET
dem-18451	198	14	vecm	vecm	NOUN
dem-18451	198	15	allows	allow	VERB
dem-18451	198	16	us	we	PRON
dem-18451	198	17	to	to	PART
dem-18451	198	18	distinguish	distinguish	VERB
dem-18451	198	19	between	between	ADP
dem-18451	198	20	short	short	ADJ
dem-18451	198	21	-	-	PUNCT
dem-18451	198	22	run	run	NOUN
dem-18451	198	23	and	and	CCONJ
dem-18451	198	24	long	long	ADV
dem-18451	198	25	-	-	PUNCT
dem-18451	198	26	run	run	NOUN
dem-18451	198	27	granger	granger	NOUN
dem-18451	198	28	causality	causality	NOUN
dem-18451	198	29	because	because	SCONJ
dem-18451	198	30	it	it	PRON
dem-18451	198	31	can	can	AUX
dem-18451	198	32	capture	capture	VERB
dem-18451	198	33	both	both	CCONJ
dem-18451	198	34	the	the	DET
dem-18451	198	35	short	short	ADJ
dem-18451	198	36	-	-	PUNCT
dem-18451	198	37	run	run	NOUN
dem-18451	198	38	dynamics	dynamic	NOUN
dem-18451	198	39	between	between	ADP
dem-18451	198	40	time	time	NOUN
dem-18451	198	41	series	series	NOUN
dem-18451	198	42	and	and	CCONJ
dem-18451	198	43	their	their	PRON
dem-18451	198	44	long	long	ADV
dem-18451	198	45	-	-	PUNCT
dem-18451	198	46	run	run	VERB
dem-18451	198	47	equilibrium	equilibrium	NOUN
dem-18451	198	48	relationship	relationship	NOUN
dem-18451	198	49	(	(	PUNCT
dem-18451	198	50	mashi	mashi	NOUN
dem-18451	198	51	and	and	CCONJ
dem-18451	198	52	mashi	mashi	NOUN
dem-18451	198	53	,	,	PUNCT
dem-18451	198	54	1996)2	1996)2	NUM
dem-18451	198	55	.	.	PUNCT
dem-18451	198	56	table	table	NOUN
dem-18451	198	57	7	7	NUM
dem-18451	198	58	.	.	PUNCT
dem-18451	199	1	the	the	DET
dem-18451	199	2	long	long	ADV
dem-18451	199	3	-	-	PUNCT
dem-18451	199	4	run	run	VERB
dem-18451	199	5	and	and	CCONJ
dem-18451	199	6	short	short	ADJ
dem-18451	199	7	-	-	PUNCT
dem-18451	199	8	run	run	NOUN
dem-18451	199	9	granger	granger	NOUN
dem-18451	199	10	causality	causality	NOUN
dem-18451	199	11	null	null	ADJ
dem-18451	199	12	hypotheses	hypothesis	NOUN
dem-18451	199	13	ect	ect	VERB
dem-18451	199	14	(	(	PUNCT
dem-18451	199	15	𝑡	𝑡	NOUN
dem-18451	199	16	-stat	-stat	NOUN
dem-18451	199	17	)	)	PUNCT
dem-18451	199	18	χc	χc	NOUN
dem-18451	199	19	-	-	PUNCT
dem-18451	199	20	stat	stat	PROPN
dem-18451	199	21	nature	nature	NOUN
dem-18451	199	22	of	of	ADP
dem-18451	199	23	causality	causality	NOUN
dem-18451	199	24	direction	direction	NOUN
dem-18451	199	25	of	of	ADP
dem-18451	199	26	causality	causality	NOUN
dem-18451	199	27	gp⇒ni	gp⇒ni	NOUN
dem-18451	199	28	−0.420	−0.420	NOUN
dem-18451	199	29	0.522	0.522	NUM
dem-18451	199	30	none	none	NOUN
dem-18451	199	31	none	none	NOUN
dem-18451	199	32	ni	ni	PROPN
dem-18451	199	33	⇒	⇒	VERB
dem-18451	199	34	gp	gp	VERB
dem-18451	199	35	0.923	0.923	NUM
dem-18451	199	36	1.826	1.826	NUM
dem-18451	199	37	none	none	NOUN
dem-18451	199	38	gp⇒er	gp⇒er	VERB
dem-18451	199	39	2.666	2.666	NUM
dem-18451	199	40	*	*	NOUN
dem-18451	199	41	*	*	PUNCT
dem-18451	199	42	3.704	3.704	NUM
dem-18451	199	43	*	*	PUNCT
dem-18451	199	44	*	*	PUNCT
dem-18451	199	45	short	short	ADJ
dem-18451	199	46	and	and	CCONJ
dem-18451	199	47	long	long	ADV
dem-18451	199	48	-	-	PUNCT
dem-18451	199	49	run	run	VERB
dem-18451	199	50	unidirectional	unidirectional	ADJ
dem-18451	199	51	er⇒gp	er⇒gp	ADP
dem-18451	199	52	−0.800	−0.800	NUM
dem-18451	199	53	0.041	0.041	NUM
dem-18451	199	54	none	none	NOUN
dem-18451	199	55	gp⇒ir	gp⇒ir	VERB
dem-18451	199	56	−2.844	−2.844	NOUN
dem-18451	199	57	*	*	PROPN
dem-18451	199	58	*	*	NOUN
dem-18451	199	59	0.434	0.434	NUM
dem-18451	199	60	long	long	ADV
dem-18451	199	61	-	-	PUNCT
dem-18451	199	62	run	run	NOUN
dem-18451	199	63	unidirectional	unidirectional	ADJ
dem-18451	199	64	ir⇒gp	ir⇒gp	ADJ
dem-18451	199	65	0.713	0.713	NUM
dem-18451	199	66	0.030	0.030	NUM
dem-18451	199	67	none	none	NOUN
dem-18451	199	68	er	er	INTJ
dem-18451	199	69	⇒ir	⇒ir	ADJ
dem-18451	199	70	0.076	0.076	NUM
dem-18451	199	71	0.408	0.408	NUM
dem-18451	199	72	none	none	NOUN
dem-18451	199	73	none	none	NOUN
dem-18451	199	74	ir⇒er	ir⇒er	VERB
dem-18451	199	75	−0.484	−0.484	PROPN
dem-18451	199	76	0.333	0.333	NUM
dem-18451	199	77	none	none	NOUN
dem-18451	199	78	ni	ni	PROPN
dem-18451	199	79	⇒ir	⇒ir	ADJ
dem-18451	199	80	0.040	0.040	NUM
dem-18451	199	81	2.980	2.980	NUM
dem-18451	199	82	*	*	PUNCT
dem-18451	199	83	*	*	PUNCT
dem-18451	199	84	short	short	ADJ
dem-18451	199	85	-	-	PUNCT
dem-18451	199	86	run	run	NOUN
dem-18451	199	87	feedback	feedback	NOUN
dem-18451	199	88	ir⇒ni	ir⇒ni	NOUN
dem-18451	199	89	−1.787	−1.787	PROPN
dem-18451	199	90	*	*	NOUN
dem-18451	199	91	0.128	0.128	NUM
dem-18451	199	92	long	long	ADV
dem-18451	199	93	-	-	PUNCT
dem-18451	199	94	run	run	VERB
dem-18451	199	95	er	er	INTJ
dem-18451	199	96	⇒ni	⇒ni	NOUN
dem-18451	199	97	1.969	1.969	NUM
dem-18451	199	98	*	*	SYM
dem-18451	199	99	3.420	3.420	NUM
dem-18451	199	100	*	*	PUNCT
dem-18451	199	101	*	*	PUNCT
dem-18451	199	102	short	short	ADJ
dem-18451	199	103	and	and	CCONJ
dem-18451	199	104	long	long	ADV
dem-18451	199	105	-	-	PUNCT
dem-18451	199	106	run	run	VERB
dem-18451	199	107	unidirectional	unidirectional	ADJ
dem-18451	199	108	ni⇒er	ni⇒er	NOUN
dem-18451	199	109	−.219	−.219	NOUN
dem-18451	199	110	0.360	0.360	NUM
dem-18451	199	111	none	none	NOUN
dem-18451	199	112	notes	note	VERB
dem-18451	199	113	:	:	PUNCT
dem-18451	199	114	𝐻b	𝐻b	PROPN
dem-18451	199	115	:	:	PUNCT
dem-18451	199	116	x⇒y	x⇒y	PROPN
dem-18451	199	117	represents	represent	VERB
dem-18451	199	118	the	the	DET
dem-18451	199	119	null	null	ADJ
dem-18451	199	120	hypothesis	hypothesis	NOUN
dem-18451	199	121	that	that	PRON
dem-18451	199	122	x	x	PRON
dem-18451	199	123	does	do	AUX
dem-18451	199	124	not	not	PART
dem-18451	199	125	granger	granger	AUX
dem-18451	199	126	cause	cause	VERB
dem-18451	199	127	y	y	PROPN
dem-18451	199	128	;	;	PUNCT
dem-18451	199	129	*	*	PUNCT
dem-18451	199	130	*	*	PUNCT
dem-18451	199	131	–	–	PUNCT
dem-18451	199	132	statistically	statistically	ADV
dem-18451	199	133	significant	significant	ADJ
dem-18451	199	134	at	at	ADP
dem-18451	199	135	1	1	NUM
dem-18451	199	136	%	%	NOUN
dem-18451	199	137	level	level	NOUN
dem-18451	199	138	of	of	ADP
dem-18451	199	139	significance	significance	NOUN
dem-18451	199	140	,	,	PUNCT
dem-18451	199	141	*	*	PUNCT
dem-18451	199	142	–	–	PUNCT
dem-18451	199	143	statistically	statistically	ADV
dem-18451	199	144	significant	significant	ADJ
dem-18451	199	145	at	at	ADP
dem-18451	199	146	10	10	NUM
dem-18451	199	147	%	%	NOUN
dem-18451	199	148	level	level	NOUN
dem-18451	199	149	of	of	ADP
dem-18451	199	150	significance	significance	NOUN
dem-18451	199	151	;	;	PUNCT
dem-18451	199	152	ni	ni	NOUN
dem-18451	199	153	,	,	PUNCT
dem-18451	199	154	gp	gp	NOUN
dem-18451	199	155	,	,	PUNCT
dem-18451	199	156	er	er	INTJ
dem-18451	199	157	,	,	PUNCT
dem-18451	199	158	and	and	CCONJ
dem-18451	199	159	ir	ir	PROPN
dem-18451	199	160	stand	stand	VERB
dem-18451	199	161	for	for	ADP
dem-18451	199	162	nepse	nepse	NOUN
dem-18451	199	163	index	index	NOUN
dem-18451	199	164	,	,	PUNCT
dem-18451	199	165	gold	gold	NOUN
dem-18451	199	166	price	price	NOUN
dem-18451	199	167	,	,	PUNCT
dem-18451	199	168	exchange	exchange	NOUN
dem-18451	199	169	rate	rate	NOUN
dem-18451	199	170	,	,	PUNCT
dem-18451	199	171	and	and	CCONJ
dem-18451	199	172	interest	interest	NOUN
dem-18451	199	173	rate	rate	NOUN
dem-18451	199	174	,	,	PUNCT
dem-18451	199	175	respectively	respectively	ADV
dem-18451	199	176	.	.	PUNCT
dem-18451	200	1	the	the	DET
dem-18451	200	2	short	short	ADJ
dem-18451	200	3	and	and	CCONJ
dem-18451	200	4	long	long	ADV
dem-18451	200	5	-	-	PUNCT
dem-18451	200	6	run	run	NOUN
dem-18451	200	7	causality	causality	NOUN
dem-18451	200	8	results	result	NOUN
dem-18451	200	9	from	from	ADP
dem-18451	200	10	table	table	NOUN
dem-18451	200	11	(	(	PUNCT
dem-18451	200	12	7	7	X
dem-18451	200	13	)	)	PUNCT
dem-18451	200	14	indicate	indicate	VERB
dem-18451	200	15	that	that	SCONJ
dem-18451	200	16	there	there	PRON
dem-18451	200	17	are	be	VERB
dem-18451	200	18	two	two	NUM
dem-18451	200	19	short	short	ADJ
dem-18451	200	20	and	and	CCONJ
dem-18451	200	21	long	long	ADV
dem-18451	200	22	-	-	PUNCT
dem-18451	200	23	run	run	VERB
dem-18451	200	24	causal	causal	ADJ
dem-18451	200	25	relationships	relationship	NOUN
dem-18451	200	26	between	between	ADP
dem-18451	200	27	the	the	DET
dem-18451	200	28	nepse	nepse	PROPN
dem-18451	200	29	index	index	NOUN
dem-18451	200	30	,	,	PUNCT
dem-18451	200	31	the	the	DET
dem-18451	200	32	interest	interest	NOUN
dem-18451	200	33	rate	rate	NOUN
dem-18451	200	34	,	,	PUNCT
dem-18451	200	35	gold	gold	NOUN
dem-18451	200	36	price	price	NOUN
dem-18451	200	37	,	,	PUNCT
dem-18451	200	38	and	and	CCONJ
dem-18451	200	39	the	the	DET
dem-18451	200	40	exchange	exchange	NOUN
dem-18451	200	41	rate	rate	NOUN
dem-18451	200	42	.	.	PUNCT
dem-18451	201	1	these	these	DET
dem-18451	201	2	causal	causal	ADJ
dem-18451	201	3	relationships	relationship	NOUN
dem-18451	201	4	run	run	VERB
dem-18451	201	5	from	from	ADP
dem-18451	201	6	the	the	DET
dem-18451	201	7	gold	gold	NOUN
dem-18451	201	8	price	price	NOUN
dem-18451	201	9	to	to	ADP
dem-18451	201	10	the	the	DET
dem-18451	201	11	exchange	exchange	NOUN
dem-18451	201	12	rate	rate	NOUN
dem-18451	201	13	,	,	PUNCT
dem-18451	201	14	and	and	CCONJ
dem-18451	201	15	from	from	ADP
dem-18451	201	16	the	the	DET
dem-18451	201	17	exchange	exchange	NOUN
dem-18451	201	18	rate	rate	NOUN
dem-18451	201	19	to	to	ADP
dem-18451	201	20	the	the	DET
dem-18451	201	21	nepse	nepse	PROPN
dem-18451	201	22	index	index	NOUN
dem-18451	201	23	.	.	PUNCT
dem-18451	202	1	in	in	ADP
dem-18451	202	2	addition	addition	NOUN
dem-18451	202	3	,	,	PUNCT
dem-18451	202	4	there	there	PRON
dem-18451	202	5	are	be	VERB
dem-18451	202	6	two	two	NUM
dem-18451	202	7	long	long	ADV
dem-18451	202	8	-	-	PUNCT
dem-18451	202	9	run	run	VERB
dem-18451	202	10	causal	causal	ADJ
dem-18451	202	11	relationships	relationship	NOUN
dem-18451	202	12	between	between	ADP
dem-18451	202	13	the	the	DET
dem-18451	202	14	variables	variable	NOUN
dem-18451	202	15	.	.	PUNCT
dem-18451	203	1	these	these	DET
dem-18451	203	2	causalities	causality	NOUN
dem-18451	203	3	run	run	VERB
dem-18451	203	4	from	from	ADP
dem-18451	203	5	the	the	DET
dem-18451	203	6	gold	gold	NOUN
dem-18451	203	7	price	price	NOUN
dem-18451	203	8	to	to	ADP
dem-18451	203	9	the	the	DET
dem-18451	203	10	interest	interest	NOUN
dem-18451	203	11	rate	rate	NOUN
dem-18451	203	12	,	,	PUNCT
dem-18451	203	13	and	and	CCONJ
dem-18451	203	14	from	from	ADP
dem-18451	203	15	the	the	DET
dem-18451	203	16	interest	interest	NOUN
dem-18451	203	17	rate	rate	NOUN
dem-18451	203	18	to	to	ADP
dem-18451	203	19	the	the	DET
dem-18451	203	20	nepse	nepse	PROPN
dem-18451	203	21	index	index	NOUN
dem-18451	203	22	.	.	PUNCT
dem-18451	204	1	there	there	PRON
dem-18451	204	2	is	be	VERB
dem-18451	204	3	only	only	ADV
dem-18451	204	4	one	one	NUM
dem-18451	204	5	shortrun	shortrun	NOUN
dem-18451	204	6	causal	causal	NOUN
dem-18451	204	7	relationship	relationship	NOUN
dem-18451	204	8	.	.	PUNCT
dem-18451	205	1	this	this	PRON
dem-18451	205	2	runs	run	VERB
dem-18451	205	3	from	from	ADP
dem-18451	205	4	the	the	DET
dem-18451	205	5	nepse	nepse	ADJ
dem-18451	205	6	index	index	NOUN
dem-18451	205	7	to	to	ADP
dem-18451	205	8	the	the	DET
dem-18451	205	9	interest	interest	NOUN
dem-18451	205	10	rate	rate	NOUN
dem-18451	205	11	.	.	PUNCT
dem-18451	206	1	there	there	PRON
dem-18451	206	2	is	be	VERB
dem-18451	206	3	one	one	NUM
dem-18451	206	4	feedback	feedback	NOUN
dem-18451	206	5	relationship	relationship	NOUN
dem-18451	206	6	between	between	ADP
dem-18451	206	7	the	the	DET
dem-18451	206	8	nepse	nepse	NOUN
dem-18451	206	9	index	index	NOUN
dem-18451	206	10	and	and	CCONJ
dem-18451	206	11	the	the	DET
dem-18451	206	12	interest	interest	NOUN
dem-18451	206	13	rate	rate	NOUN
dem-18451	206	14	.	.	PUNCT
dem-18451	207	1	thus	thus	ADV
dem-18451	207	2	,	,	PUNCT
dem-18451	207	3	we	we	PRON
dem-18451	207	4	can	can	AUX
dem-18451	207	5	conclude	conclude	VERB
dem-18451	207	6	that	that	PRON
dem-18451	207	7	,	,	PUNCT
dem-18451	207	8	for	for	ADP
dem-18451	207	9	our	our	PRON
dem-18451	207	10	dataset	dataset	NOUN
dem-18451	207	11	,	,	PUNCT
dem-18451	207	12	there	there	PRON
dem-18451	207	13	is	be	VERB
dem-18451	207	14	unidirectional	unidirectional	ADJ
dem-18451	207	15	causality	causality	NOUN
dem-18451	207	16	running	run	VERB
dem-18451	207	17	from	from	ADP
dem-18451	207	18	the	the	DET
dem-18451	207	19	gold	gold	NOUN
dem-18451	207	20	price	price	NOUN
dem-18451	207	21	to	to	ADP
dem-18451	207	22	the	the	DET
dem-18451	207	23	exchange	exchange	NOUN
dem-18451	207	24	rate	rate	NOUN
dem-18451	207	25	and	and	CCONJ
dem-18451	207	26	the	the	DET
dem-18451	207	27	interest	interest	NOUN
dem-18451	207	28	rate	rate	NOUN
dem-18451	207	29	,	,	PUNCT
dem-18451	207	30	2	2	NUM
dem-18451	207	31	number	number	NOUN
dem-18451	207	32	of	of	ADP
dem-18451	207	33	lags	lag	NOUN
dem-18451	207	34	of	of	ADP
dem-18451	207	35	the	the	DET
dem-18451	207	36	vecm	vecm	NOUN
dem-18451	207	37	estimation	estimation	NOUN
dem-18451	207	38	was	be	AUX
dem-18451	207	39	selected	select	VERB
dem-18451	207	40	using	use	VERB
dem-18451	207	41	the	the	DET
dem-18451	207	42	likelihood	likelihood	NOUN
dem-18451	207	43	ratio	ratio	NOUN
dem-18451	207	44	test	test	NOUN
dem-18451	207	45	.	.	PUNCT
dem-18451	208	1	an	an	DET
dem-18451	208	2	enquiry	enquiry	NOUN
dem-18451	208	3	into	into	ADP
dem-18451	208	4	the	the	DET
dem-18451	208	5	effect	effect	NOUN
dem-18451	208	6	of	of	ADP
dem-18451	208	7	the	the	DET
dem-18451	208	8	interest	interest	NOUN
dem-18451	208	9	rate	rate	NOUN
dem-18451	208	10	,	,	PUNCT
dem-18451	208	11	gold	gold	NOUN
dem-18451	208	12	price	price	NOUN
dem-18451	208	13	,	,	PUNCT
dem-18451	208	14	and	and	CCONJ
dem-18451	208	15	the	the	DET
dem-18451	208	16	exchange	exchange	NOUN
dem-18451	208	17	…	…	SYM
dem-18451	208	18	dynamic	dynamic	ADJ
dem-18451	208	19	econometric	econometric	ADJ
dem-18451	208	20	models	model	NOUN
dem-18451	208	21	18	18	NUM
dem-18451	208	22	(	(	PUNCT
dem-18451	208	23	2018	2018	NUM
dem-18451	208	24	)	)	PUNCT
dem-18451	208	25	49–65	49–65	NUM
dem-18451	208	26	61	61	NUM
dem-18451	208	27	and	and	CCONJ
dem-18451	208	28	from	from	ADP
dem-18451	208	29	the	the	DET
dem-18451	208	30	exchange	exchange	NOUN
dem-18451	208	31	rate	rate	NOUN
dem-18451	208	32	to	to	ADP
dem-18451	208	33	the	the	DET
dem-18451	208	34	nepse	nepse	ADJ
dem-18451	208	35	index3	index3	NOUN
dem-18451	208	36	.	.	PUNCT
dem-18451	209	1	it	it	PRON
dem-18451	209	2	means	mean	VERB
dem-18451	209	3	that	that	SCONJ
dem-18451	209	4	the	the	DET
dem-18451	209	5	gold	gold	NOUN
dem-18451	209	6	price	price	NOUN
dem-18451	209	7	granger	granger	NOUN
dem-18451	209	8	causes	cause	VERB
dem-18451	209	9	both	both	CCONJ
dem-18451	209	10	the	the	DET
dem-18451	209	11	exchange	exchange	NOUN
dem-18451	209	12	rate	rate	NOUN
dem-18451	209	13	and	and	CCONJ
dem-18451	209	14	the	the	DET
dem-18451	209	15	interest	interest	NOUN
dem-18451	209	16	rate	rate	NOUN
dem-18451	209	17	,	,	PUNCT
dem-18451	209	18	and	and	CCONJ
dem-18451	209	19	finally	finally	ADV
dem-18451	209	20	,	,	PUNCT
dem-18451	209	21	both	both	CCONJ
dem-18451	209	22	the	the	DET
dem-18451	209	23	interest	interest	NOUN
dem-18451	209	24	rate	rate	NOUN
dem-18451	209	25	and	and	CCONJ
dem-18451	209	26	the	the	DET
dem-18451	209	27	exchange	exchange	NOUN
dem-18451	209	28	rate	rate	NOUN
dem-18451	209	29	granger	granger	PROPN
dem-18451	209	30	cause	cause	VERB
dem-18451	209	31	the	the	DET
dem-18451	209	32	nepse	nepse	PROPN
dem-18451	209	33	index	index	NOUN
dem-18451	209	34	.	.	PUNCT
dem-18451	210	1	no	no	DET
dem-18451	210	2	causality	causality	NOUN
dem-18451	210	3	exists	exist	VERB
dem-18451	210	4	between	between	ADP
dem-18451	210	5	the	the	DET
dem-18451	210	6	rest	rest	NOUN
dem-18451	210	7	of	of	ADP
dem-18451	210	8	the	the	DET
dem-18451	210	9	pairs	pair	NOUN
dem-18451	210	10	.	.	PUNCT
dem-18451	211	1	summary	summary	NOUN
dem-18451	211	2	,	,	PUNCT
dem-18451	211	3	conclusions	conclusion	NOUN
dem-18451	211	4	and	and	CCONJ
dem-18451	211	5	discussion	discussion	NOUN
dem-18451	211	6	the	the	DET
dem-18451	211	7	present	present	ADJ
dem-18451	211	8	study	study	NOUN
dem-18451	211	9	investigated	investigate	VERB
dem-18451	211	10	the	the	DET
dem-18451	211	11	causal	causal	ADJ
dem-18451	211	12	relationships	relationship	NOUN
dem-18451	211	13	between	between	ADP
dem-18451	211	14	the	the	DET
dem-18451	211	15	nepse	nepse	PROPN
dem-18451	211	16	index	index	NOUN
dem-18451	211	17	,	,	PUNCT
dem-18451	211	18	the	the	DET
dem-18451	211	19	interest	interest	NOUN
dem-18451	211	20	rate	rate	NOUN
dem-18451	211	21	,	,	PUNCT
dem-18451	211	22	gold	gold	NOUN
dem-18451	211	23	price	price	NOUN
dem-18451	211	24	,	,	PUNCT
dem-18451	211	25	and	and	CCONJ
dem-18451	211	26	the	the	DET
dem-18451	211	27	usd	usd	NOUN
dem-18451	211	28	exchange	exchange	NOUN
dem-18451	211	29	rate	rate	NOUN
dem-18451	211	30	in	in	ADP
dem-18451	211	31	nepal	nepal	NOUN
dem-18451	211	32	.	.	PUNCT
dem-18451	212	1	the	the	DET
dem-18451	212	2	analysis	analysis	NOUN
dem-18451	212	3	used	use	VERB
dem-18451	212	4	the	the	DET
dem-18451	212	5	monthly	monthly	ADJ
dem-18451	212	6	data	datum	NOUN
dem-18451	212	7	for	for	ADP
dem-18451	212	8	the	the	DET
dem-18451	212	9	period	period	NOUN
dem-18451	212	10	between	between	ADP
dem-18451	212	11	january	january	PROPN
dem-18451	212	12	,	,	PUNCT
dem-18451	212	13	2006	2006	NUM
dem-18451	212	14	to	to	ADP
dem-18451	212	15	august	august	PROPN
dem-18451	212	16	,	,	PUNCT
dem-18451	212	17	2018	2018	NUM
dem-18451	212	18	which	which	PRON
dem-18451	212	19	are	be	AUX
dem-18451	212	20	obtained	obtain	VERB
dem-18451	212	21	from	from	ADP
dem-18451	212	22	various	various	ADJ
dem-18451	212	23	sources	source	NOUN
dem-18451	212	24	including	include	VERB
dem-18451	212	25	nepal	nepal	PROPN
dem-18451	212	26	rastra	rastra	PROPN
dem-18451	212	27	bank	bank	PROPN
dem-18451	212	28	(	(	PUNCT
dem-18451	212	29	nrb	nrb	PROPN
dem-18451	212	30	)	)	PUNCT
dem-18451	212	31	,	,	PUNCT
dem-18451	212	32	the	the	DET
dem-18451	212	33	central	central	ADJ
dem-18451	212	34	bank	bank	PROPN
dem-18451	212	35	of	of	ADP
dem-18451	212	36	nepal	nepal	ADJ
dem-18451	212	37	,	,	PUNCT
dem-18451	212	38	nepalese	nepalese	ADJ
dem-18451	212	39	stock	stock	PROPN
dem-18451	212	40	exchange	exchange	PROPN
dem-18451	212	41	limited	limit	VERB
dem-18451	212	42	,	,	PUNCT
dem-18451	212	43	and	and	CCONJ
dem-18451	212	44	nepal	nepal	ADJ
dem-18451	212	45	gold	gold	NOUN
dem-18451	212	46	and	and	CCONJ
dem-18451	212	47	silver	silver	NOUN
dem-18451	212	48	dealers	dealer	NOUN
dem-18451	212	49	’	'	PUNCT
dem-18451	212	50	association	association	NOUN
dem-18451	212	51	(	(	PUNCT
dem-18451	212	52	negosida	negosida	PROPN
dem-18451	212	53	)	)	PUNCT
dem-18451	212	54	.	.	PUNCT
dem-18451	213	1	the	the	DET
dem-18451	213	2	nepse	nepse	PROPN
dem-18451	213	3	index	index	NOUN
dem-18451	213	4	is	be	AUX
dem-18451	213	5	used	use	VERB
dem-18451	213	6	to	to	PART
dem-18451	213	7	represent	represent	VERB
dem-18451	213	8	the	the	DET
dem-18451	213	9	nepalese	nepalese	ADJ
dem-18451	213	10	stock	stock	NOUN
dem-18451	213	11	market	market	NOUN
dem-18451	213	12	index	index	NOUN
dem-18451	213	13	.	.	PUNCT
dem-18451	214	1	it	it	PRON
dem-18451	214	2	is	be	AUX
dem-18451	214	3	believed	believe	VERB
dem-18451	214	4	that	that	SCONJ
dem-18451	214	5	,	,	PUNCT
dem-18451	214	6	the	the	DET
dem-18451	214	7	selected	select	VERB
dem-18451	214	8	variables	variable	NOUN
dem-18451	214	9	,	,	PUNCT
dem-18451	214	10	among	among	ADP
dem-18451	214	11	others	other	NOUN
dem-18451	214	12	,	,	PUNCT
dem-18451	214	13	represent	represent	VERB
dem-18451	214	14	the	the	DET
dem-18451	214	15	state	state	NOUN
dem-18451	214	16	of	of	ADP
dem-18451	214	17	the	the	DET
dem-18451	214	18	economy	economy	NOUN
dem-18451	214	19	of	of	ADP
dem-18451	214	20	nepal	nepal	NOUN
dem-18451	214	21	.	.	PUNCT
dem-18451	215	1	we	we	PRON
dem-18451	215	2	used	use	VERB
dem-18451	215	3	the	the	DET
dem-18451	215	4	ng	ng	PROPN
dem-18451	215	5	-	-	PUNCT
dem-18451	215	6	perron	perron	PROPN
dem-18451	215	7	unit	unit	NOUN
dem-18451	215	8	root	root	PROPN
dem-18451	215	9	test	test	NOUN
dem-18451	215	10	to	to	PART
dem-18451	215	11	check	check	VERB
dem-18451	215	12	the	the	DET
dem-18451	215	13	stationarity	stationarity	NOUN
dem-18451	215	14	of	of	ADP
dem-18451	215	15	the	the	DET
dem-18451	215	16	variables	variable	NOUN
dem-18451	215	17	.	.	PUNCT
dem-18451	216	1	this	this	DET
dem-18451	216	2	test	test	NOUN
dem-18451	216	3	possesses	possess	VERB
dem-18451	216	4	better	well	ADJ
dem-18451	216	5	power	power	NOUN
dem-18451	216	6	and	and	CCONJ
dem-18451	216	7	size	size	NOUN
dem-18451	216	8	properties	property	NOUN
dem-18451	216	9	,	,	PUNCT
dem-18451	216	10	due	due	ADP
dem-18451	216	11	to	to	ADP
dem-18451	216	12	which	which	PRON
dem-18451	216	13	the	the	DET
dem-18451	216	14	results	result	NOUN
dem-18451	216	15	are	be	AUX
dem-18451	216	16	more	more	ADV
dem-18451	216	17	reliable	reliable	ADJ
dem-18451	216	18	when	when	SCONJ
dem-18451	216	19	applied	apply	VERB
dem-18451	216	20	to	to	ADP
dem-18451	216	21	small	small	ADJ
dem-18451	216	22	data	data	NOUN
dem-18451	216	23	sets	set	NOUN
dem-18451	216	24	.	.	PUNCT
dem-18451	217	1	our	our	PRON
dem-18451	217	2	results	result	NOUN
dem-18451	217	3	indicate	indicate	VERB
dem-18451	217	4	that	that	SCONJ
dem-18451	217	5	each	each	DET
dem-18451	217	6	series	series	NOUN
dem-18451	217	7	is	be	AUX
dem-18451	217	8	non	non	ADJ
dem-18451	217	9	-	-	ADJ
dem-18451	217	10	stationary	stationary	ADJ
dem-18451	217	11	at	at	ADP
dem-18451	217	12	levels	level	NOUN
dem-18451	217	13	,	,	PUNCT
dem-18451	217	14	and	and	CCONJ
dem-18451	217	15	then	then	ADV
dem-18451	217	16	stationary	stationary	VERB
dem-18451	217	17	in	in	ADP
dem-18451	217	18	the	the	DET
dem-18451	217	19	first	first	ADJ
dem-18451	217	20	differences	difference	NOUN
dem-18451	217	21	.	.	PUNCT
dem-18451	218	1	to	to	PART
dem-18451	218	2	further	far	ADV
dem-18451	218	3	investigate	investigate	VERB
dem-18451	218	4	the	the	DET
dem-18451	218	5	long	long	ADV
dem-18451	218	6	-	-	PUNCT
dem-18451	218	7	run	run	NOUN
dem-18451	218	8	relationship	relationship	NOUN
dem-18451	218	9	among	among	ADP
dem-18451	218	10	the	the	DET
dem-18451	218	11	variables	variable	NOUN
dem-18451	218	12	,	,	PUNCT
dem-18451	218	13	we	we	PRON
dem-18451	218	14	used	use	VERB
dem-18451	218	15	the	the	DET
dem-18451	218	16	johansen	johansen	PROPN
dem-18451	218	17	cointegration	cointegration	PROPN
dem-18451	218	18	test	test	NOUN
dem-18451	218	19	to	to	PART
dem-18451	218	20	determine	determine	VERB
dem-18451	218	21	the	the	DET
dem-18451	218	22	number	number	NOUN
dem-18451	218	23	of	of	ADP
dem-18451	218	24	cointegrating	cointegrate	VERB
dem-18451	218	25	vectors	vector	NOUN
dem-18451	218	26	.	.	PUNCT
dem-18451	219	1	we	we	PRON
dem-18451	219	2	conducted	conduct	VERB
dem-18451	219	3	this	this	DET
dem-18451	219	4	test	test	NOUN
dem-18451	219	5	with	with	ADP
dem-18451	219	6	all	all	DET
dem-18451	219	7	the	the	DET
dem-18451	219	8	variables	variable	NOUN
dem-18451	219	9	in	in	ADP
dem-18451	219	10	their	their	PRON
dem-18451	219	11	logarithmic	logarithmic	ADJ
dem-18451	219	12	scales	scale	NOUN
dem-18451	219	13	and	and	CCONJ
dem-18451	219	14	used	use	VERB
dem-18451	219	15	both	both	DET
dem-18451	219	16	the	the	DET
dem-18451	219	17	λ	λ	NOUN
dem-18451	219	18	-	-	NOUN
dem-18451	219	19	trace	trace	NOUN
dem-18451	219	20	and	and	CCONJ
dem-18451	219	21	λ	λ	NOUN
dem-18451	219	22	-	-	ADJ
dem-18451	219	23	max	max	PROPN
dem-18451	219	24	statistics	statistic	NOUN
dem-18451	219	25	options	option	NOUN
dem-18451	219	26	.	.	PUNCT
dem-18451	220	1	we	we	PRON
dem-18451	220	2	find	find	VERB
dem-18451	220	3	that	that	SCONJ
dem-18451	220	4	there	there	PRON
dem-18451	220	5	is	be	VERB
dem-18451	220	6	only	only	ADV
dem-18451	220	7	one	one	NUM
dem-18451	220	8	cointegrating	cointegrate	VERB
dem-18451	220	9	relationship	relationship	NOUN
dem-18451	220	10	between	between	ADP
dem-18451	220	11	the	the	DET
dem-18451	220	12	variables	variable	NOUN
dem-18451	220	13	.	.	PUNCT
dem-18451	221	1	in	in	ADP
dem-18451	221	2	other	other	ADJ
dem-18451	221	3	words	word	NOUN
dem-18451	221	4	,	,	PUNCT
dem-18451	221	5	there	there	PRON
dem-18451	221	6	exists	exist	VERB
dem-18451	221	7	a	a	DET
dem-18451	221	8	long	long	ADJ
dem-18451	221	9	run	run	VERB
dem-18451	221	10	equilibrium	equilibrium	NOUN
dem-18451	221	11	relationship	relationship	NOUN
dem-18451	221	12	between	between	ADP
dem-18451	221	13	the	the	DET
dem-18451	221	14	variables	variable	NOUN
dem-18451	221	15	.	.	PUNCT
dem-18451	222	1	we	we	PRON
dem-18451	222	2	then	then	ADV
dem-18451	222	3	employed	employ	VERB
dem-18451	222	4	granger	granger	PROPN
dem-18451	222	5	causality	causality	PROPN
dem-18451	222	6	test	test	NOUN
dem-18451	222	7	based	base	VERB
dem-18451	222	8	on	on	ADP
dem-18451	222	9	vecm	vecm	NOUN
dem-18451	222	10	framework	framework	NOUN
dem-18451	222	11	to	to	PART
dem-18451	222	12	determine	determine	VERB
dem-18451	222	13	the	the	DET
dem-18451	222	14	existence	existence	NOUN
dem-18451	222	15	of	of	ADP
dem-18451	222	16	both	both	CCONJ
dem-18451	222	17	short	short	ADJ
dem-18451	222	18	and	and	CCONJ
dem-18451	222	19	long	long	ADV
dem-18451	222	20	-	-	PUNCT
dem-18451	222	21	run	run	VERB
dem-18451	222	22	causal	causal	ADJ
dem-18451	222	23	relationships	relationship	NOUN
dem-18451	222	24	between	between	ADP
dem-18451	222	25	the	the	DET
dem-18451	222	26	variables	variable	NOUN
dem-18451	222	27	.	.	PUNCT
dem-18451	223	1	our	our	PRON
dem-18451	223	2	results	result	NOUN
dem-18451	223	3	indicate	indicate	VERB
dem-18451	223	4	that	that	SCONJ
dem-18451	223	5	there	there	PRON
dem-18451	223	6	are	be	VERB
dem-18451	223	7	two	two	NUM
dem-18451	223	8	short	short	ADJ
dem-18451	223	9	and	and	CCONJ
dem-18451	223	10	long	long	ADV
dem-18451	223	11	-	-	PUNCT
dem-18451	223	12	run	run	VERB
dem-18451	223	13	causal	causal	ADJ
dem-18451	223	14	relationships	relationship	NOUN
dem-18451	223	15	which	which	PRON
dem-18451	223	16	run	run	VERB
dem-18451	223	17	from	from	ADP
dem-18451	223	18	the	the	DET
dem-18451	223	19	gold	gold	NOUN
dem-18451	223	20	price	price	NOUN
dem-18451	223	21	to	to	ADP
dem-18451	223	22	the	the	DET
dem-18451	223	23	exchange	exchange	NOUN
dem-18451	223	24	rate	rate	NOUN
dem-18451	223	25	,	,	PUNCT
dem-18451	223	26	and	and	CCONJ
dem-18451	223	27	from	from	ADP
dem-18451	223	28	the	the	DET
dem-18451	223	29	exchange	exchange	NOUN
dem-18451	223	30	rate	rate	NOUN
dem-18451	223	31	to	to	ADP
dem-18451	223	32	the	the	DET
dem-18451	223	33	nepse	nepse	PROPN
dem-18451	223	34	index	index	NOUN
dem-18451	223	35	.	.	PUNCT
dem-18451	224	1	in	in	ADP
dem-18451	224	2	addition	addition	NOUN
dem-18451	224	3	,	,	PUNCT
dem-18451	224	4	there	there	PRON
dem-18451	224	5	are	be	VERB
dem-18451	224	6	two	two	NUM
dem-18451	224	7	longrun	longrun	NOUN
dem-18451	224	8	causal	causal	ADJ
dem-18451	224	9	relationships	relationship	NOUN
dem-18451	224	10	which	which	PRON
dem-18451	224	11	run	run	VERB
dem-18451	224	12	from	from	ADP
dem-18451	224	13	the	the	DET
dem-18451	224	14	gold	gold	NOUN
dem-18451	224	15	price	price	NOUN
dem-18451	224	16	to	to	ADP
dem-18451	224	17	the	the	DET
dem-18451	224	18	interest	interest	NOUN
dem-18451	224	19	rate	rate	NOUN
dem-18451	224	20	,	,	PUNCT
dem-18451	224	21	and	and	CCONJ
dem-18451	224	22	from	from	ADP
dem-18451	224	23	the	the	DET
dem-18451	224	24	interest	interest	NOUN
dem-18451	224	25	rate	rate	NOUN
dem-18451	224	26	to	to	ADP
dem-18451	224	27	the	the	DET
dem-18451	224	28	nepse	nepse	PROPN
dem-18451	224	29	index	index	NOUN
dem-18451	224	30	.	.	PUNCT
dem-18451	225	1	there	there	PRON
dem-18451	225	2	is	be	VERB
dem-18451	225	3	only	only	ADV
dem-18451	225	4	one	one	NUM
dem-18451	225	5	short	short	ADJ
dem-18451	225	6	-	-	PUNCT
dem-18451	225	7	run	run	NOUN
dem-18451	225	8	causal	causal	ADJ
dem-18451	225	9	relationship	relationship	NOUN
dem-18451	225	10	which	which	PRON
dem-18451	225	11	runs	run	VERB
dem-18451	225	12	from	from	ADP
dem-18451	225	13	the	the	DET
dem-18451	225	14	nepse	nepse	ADJ
dem-18451	225	15	index	index	NOUN
dem-18451	225	16	to	to	ADP
dem-18451	225	17	the	the	DET
dem-18451	225	18	interest	interest	NOUN
dem-18451	225	19	rate	rate	NOUN
dem-18451	225	20	.	.	PUNCT
dem-18451	226	1	also	also	ADV
dem-18451	226	2	,	,	PUNCT
dem-18451	226	3	there	there	PRON
dem-18451	226	4	is	be	VERB
dem-18451	226	5	a	a	DET
dem-18451	226	6	feedback	feedback	NOUN
dem-18451	226	7	relationship	relationship	NOUN
dem-18451	226	8	between	between	ADP
dem-18451	226	9	the	the	DET
dem-18451	226	10	nepse	nepse	NOUN
dem-18451	226	11	index	index	NOUN
dem-18451	226	12	and	and	CCONJ
dem-18451	226	13	the	the	DET
dem-18451	226	14	interest	interest	NOUN
dem-18451	226	15	rate	rate	NOUN
dem-18451	226	16	.	.	PUNCT
dem-18451	227	1	thus	thus	ADV
dem-18451	227	2	,	,	PUNCT
dem-18451	227	3	for	for	ADP
dem-18451	227	4	our	our	PRON
dem-18451	227	5	dataset	dataset	NOUN
dem-18451	227	6	,	,	PUNCT
dem-18451	227	7	there	there	PRON
dem-18451	227	8	is	be	VERB
dem-18451	227	9	a	a	DET
dem-18451	227	10	unidirectional	unidirectional	ADJ
dem-18451	227	11	causality	causality	NOUN
dem-18451	227	12	running	run	VERB
dem-18451	227	13	from	from	ADP
dem-18451	227	14	the	the	DET
dem-18451	227	15	gold	gold	NOUN
dem-18451	227	16	3	3	NUM
dem-18451	227	17	if	if	SCONJ
dem-18451	227	18	the	the	DET
dem-18451	227	19	null	null	ADJ
dem-18451	227	20	hypothesis	hypothesis	NOUN
dem-18451	227	21	that	that	PRON
dem-18451	227	22	𝑥	𝑥	PROPN
dem-18451	227	23	does	do	AUX
dem-18451	227	24	not	not	PART
dem-18451	227	25	cause	cause	VERB
dem-18451	227	26	𝑦	𝑦	NOUN
dem-18451	227	27	is	be	AUX
dem-18451	227	28	rejected	reject	VERB
dem-18451	227	29	,	,	PUNCT
dem-18451	227	30	but	but	CCONJ
dem-18451	227	31	𝑦	𝑦	NOUN
dem-18451	227	32	does	do	AUX
dem-18451	227	33	not	not	PART
dem-18451	227	34	cause	cause	VERB
dem-18451	227	35	𝑥	𝑥	NOUN
dem-18451	227	36	is	be	AUX
dem-18451	227	37	not	not	PART
dem-18451	227	38	rejected	reject	VERB
dem-18451	227	39	,	,	PUNCT
dem-18451	227	40	it	it	PRON
dem-18451	227	41	is	be	AUX
dem-18451	227	42	called	call	VERB
dem-18451	227	43	a	a	DET
dem-18451	227	44	unidirectional	unidirectional	ADJ
dem-18451	227	45	causation	causation	NOUN
dem-18451	227	46	.	.	PUNCT
dem-18451	228	1	however	however	ADV
dem-18451	228	2	,	,	PUNCT
dem-18451	228	3	if	if	SCONJ
dem-18451	228	4	both	both	DET
dem-18451	228	5	tests	test	NOUN
dem-18451	228	6	are	be	AUX
dem-18451	228	7	rejected	reject	VERB
dem-18451	228	8	,	,	PUNCT
dem-18451	228	9	then	then	ADV
dem-18451	228	10	a	a	DET
dem-18451	228	11	feedback	feedback	NOUN
dem-18451	228	12	or	or	CCONJ
dem-18451	228	13	a	a	DET
dem-18451	228	14	bidirectional	bidirectional	ADJ
dem-18451	228	15	relationship	relationship	NOUN
dem-18451	228	16	is	be	AUX
dem-18451	228	17	established	establish	VERB
dem-18451	228	18	between	between	ADP
dem-18451	228	19	𝑥	𝑥	PROPN
dem-18451	228	20	and	and	CCONJ
dem-18451	228	21	𝑦.	𝑦.	PROPN
dem-18451	228	22	if	if	SCONJ
dem-18451	228	23	both	both	DET
dem-18451	228	24	tests	test	NOUN
dem-18451	228	25	fail	fail	VERB
dem-18451	228	26	to	to	PART
dem-18451	228	27	reject	reject	VERB
dem-18451	228	28	the	the	DET
dem-18451	228	29	null	null	ADJ
dem-18451	228	30	hypothesis	hypothesis	NOUN
dem-18451	228	31	,	,	PUNCT
dem-18451	228	32	then	then	ADV
dem-18451	228	33	a	a	DET
dem-18451	228	34	contemporaneous	contemporaneous	ADJ
dem-18451	228	35	relationship	relationship	NOUN
dem-18451	228	36	is	be	AUX
dem-18451	228	37	established	establish	VERB
dem-18451	228	38	.	.	PUNCT
dem-18451	229	1	mitra	mitra	PROPN
dem-18451	229	2	lal	lal	PROPN
dem-18451	229	3	devkota	devkota	PROPN
dem-18451	229	4	,	,	PUNCT
dem-18451	229	5	humnath	humnath	NOUN
dem-18451	229	6	panta	panta	PROPN
dem-18451	229	7	dynamic	dynamic	ADJ
dem-18451	229	8	econometric	econometric	ADJ
dem-18451	229	9	models	model	NOUN
dem-18451	229	10	18	18	NUM
dem-18451	229	11	(	(	PUNCT
dem-18451	229	12	2018	2018	NUM
dem-18451	229	13	)	)	PUNCT
dem-18451	229	14	49–65	49–65	NUM
dem-18451	229	15	62	62	NUM
dem-18451	229	16	price	price	NOUN
dem-18451	229	17	to	to	ADP
dem-18451	229	18	the	the	DET
dem-18451	229	19	exchange	exchange	NOUN
dem-18451	229	20	rate	rate	NOUN
dem-18451	229	21	and	and	CCONJ
dem-18451	229	22	a	a	DET
dem-18451	229	23	unidirectional	unidirectional	ADJ
dem-18451	229	24	causality	causality	NOUN
dem-18451	229	25	running	run	VERB
dem-18451	229	26	from	from	ADP
dem-18451	229	27	the	the	DET
dem-18451	229	28	gold	gold	NOUN
dem-18451	229	29	price	price	NOUN
dem-18451	229	30	to	to	ADP
dem-18451	229	31	the	the	DET
dem-18451	229	32	interest	interest	NOUN
dem-18451	229	33	rate	rate	NOUN
dem-18451	229	34	,	,	PUNCT
dem-18451	229	35	and	and	CCONJ
dem-18451	229	36	from	from	ADP
dem-18451	229	37	the	the	DET
dem-18451	229	38	exchange	exchange	NOUN
dem-18451	229	39	rate	rate	NOUN
dem-18451	229	40	to	to	ADP
dem-18451	229	41	the	the	DET
dem-18451	229	42	nepse	nepse	PROPN
dem-18451	229	43	index	index	NOUN
dem-18451	229	44	.	.	PUNCT
dem-18451	230	1	it	it	PRON
dem-18451	230	2	means	mean	VERB
dem-18451	230	3	that	that	SCONJ
dem-18451	230	4	the	the	DET
dem-18451	230	5	gold	gold	NOUN
dem-18451	230	6	price	price	NOUN
dem-18451	230	7	granger	granger	NOUN
dem-18451	230	8	causes	cause	VERB
dem-18451	230	9	both	both	CCONJ
dem-18451	230	10	the	the	DET
dem-18451	230	11	exchange	exchange	NOUN
dem-18451	230	12	rate	rate	NOUN
dem-18451	230	13	and	and	CCONJ
dem-18451	230	14	the	the	DET
dem-18451	230	15	interest	interest	NOUN
dem-18451	230	16	rate	rate	NOUN
dem-18451	230	17	,	,	PUNCT
dem-18451	230	18	and	and	CCONJ
dem-18451	230	19	finally	finally	ADV
dem-18451	230	20	,	,	PUNCT
dem-18451	230	21	both	both	CCONJ
dem-18451	230	22	the	the	DET
dem-18451	230	23	interest	interest	NOUN
dem-18451	230	24	rate	rate	NOUN
dem-18451	230	25	and	and	CCONJ
dem-18451	230	26	the	the	DET
dem-18451	230	27	exchange	exchange	NOUN
dem-18451	230	28	rate	rate	NOUN
dem-18451	230	29	granger	granger	PROPN
dem-18451	230	30	cause	cause	VERB
dem-18451	230	31	the	the	DET
dem-18451	230	32	nepse	nepse	PROPN
dem-18451	230	33	index	index	NOUN
dem-18451	230	34	.	.	PUNCT
dem-18451	231	1	no	no	DET
dem-18451	231	2	causality	causality	NOUN
dem-18451	231	3	exists	exist	VERB
dem-18451	231	4	between	between	ADP
dem-18451	231	5	the	the	DET
dem-18451	231	6	rest	rest	NOUN
dem-18451	231	7	of	of	ADP
dem-18451	231	8	the	the	DET
dem-18451	231	9	pairs	pair	NOUN
dem-18451	231	10	.	.	PUNCT
dem-18451	232	1	our	our	PRON
dem-18451	232	2	finding	finding	NOUN
dem-18451	232	3	is	be	AUX
dem-18451	232	4	in	in	ADP
dem-18451	232	5	line	line	NOUN
dem-18451	232	6	with	with	ADP
dem-18451	232	7	smyth	smyth	NOUN
dem-18451	232	8	and	and	CCONJ
dem-18451	232	9	nandha	nandha	NOUN
dem-18451	232	10	(	(	PUNCT
dem-18451	232	11	2003	2003	NUM
dem-18451	232	12	)	)	PUNCT
dem-18451	232	13	who	who	PRON
dem-18451	232	14	concluded	conclude	VERB
dem-18451	232	15	that	that	SCONJ
dem-18451	232	16	the	the	DET
dem-18451	232	17	exchange	exchange	NOUN
dem-18451	232	18	rate	rate	NOUN
dem-18451	232	19	granger	granger	PROPN
dem-18451	232	20	causes	cause	VERB
dem-18451	232	21	stock	stock	NOUN
dem-18451	232	22	price	price	NOUN
dem-18451	232	23	in	in	ADP
dem-18451	232	24	india	india	PROPN
dem-18451	232	25	and	and	CCONJ
dem-18451	232	26	sri	sri	PROPN
dem-18451	232	27	lanka	lanka	PROPN
dem-18451	232	28	,	,	PUNCT
dem-18451	232	29	and	and	CCONJ
dem-18451	232	30	with	with	ADP
dem-18451	232	31	abdalla	abdalla	NOUN
dem-18451	232	32	and	and	CCONJ
dem-18451	232	33	murinde	murinde	NOUN
dem-18451	232	34	(	(	PUNCT
dem-18451	232	35	1997	1997	NUM
dem-18451	232	36	)	)	PUNCT
dem-18451	232	37	who	who	PRON
dem-18451	232	38	found	find	VERB
dem-18451	232	39	that	that	SCONJ
dem-18451	232	40	the	the	DET
dem-18451	232	41	exchange	exchange	NOUN
dem-18451	232	42	rate	rate	NOUN
dem-18451	232	43	granger	granger	PROPN
dem-18451	232	44	causes	cause	VERB
dem-18451	232	45	stock	stock	NOUN
dem-18451	232	46	market	market	NOUN
dem-18451	232	47	prices	price	NOUN
dem-18451	232	48	in	in	ADP
dem-18451	232	49	pakistan	pakistan	PROPN
dem-18451	232	50	.	.	PUNCT
dem-18451	233	1	similarly	similarly	ADV
dem-18451	233	2	,	,	PUNCT
dem-18451	233	3	our	our	PRON
dem-18451	233	4	finding	finding	NOUN
dem-18451	233	5	of	of	ADP
dem-18451	233	6	no	no	DET
dem-18451	233	7	causality	causality	NOUN
dem-18451	233	8	(	(	PUNCT
dem-18451	233	9	in	in	ADP
dem-18451	233	10	either	either	DET
dem-18451	233	11	direction	direction	NOUN
dem-18451	233	12	)	)	PUNCT
dem-18451	233	13	between	between	ADP
dem-18451	233	14	the	the	DET
dem-18451	233	15	gold	gold	NOUN
dem-18451	233	16	price	price	NOUN
dem-18451	233	17	and	and	CCONJ
dem-18451	233	18	the	the	DET
dem-18451	233	19	nepse	nepse	NOUN
dem-18451	233	20	index	index	NOUN
dem-18451	233	21	is	be	AUX
dem-18451	233	22	consistent	consistent	ADJ
dem-18451	233	23	with	with	ADP
dem-18451	233	24	the	the	DET
dem-18451	233	25	finding	finding	NOUN
dem-18451	233	26	of	of	ADP
dem-18451	233	27	mishra	mishra	PROPN
dem-18451	233	28	et	et	PROPN
dem-18451	233	29	al	al	PROPN
dem-18451	233	30	.	.	PROPN
dem-18451	233	31	,	,	PUNCT
dem-18451	233	32	(	(	PUNCT
dem-18451	233	33	2010	2010	NUM
dem-18451	233	34	)	)	PUNCT
dem-18451	233	35	and	and	CCONJ
dem-18451	233	36	of	of	ADP
dem-18451	233	37	gaire	gaire	NOUN
dem-18451	233	38	(	(	PUNCT
dem-18451	233	39	2016	2016	NUM
dem-18451	233	40	)	)	PUNCT
dem-18451	233	41	.	.	PUNCT
dem-18451	234	1	thus	thus	ADV
dem-18451	234	2	,	,	PUNCT
dem-18451	234	3	while	while	SCONJ
dem-18451	234	4	our	our	PRON
dem-18451	234	5	finding	finding	NOUN
dem-18451	234	6	is	be	AUX
dem-18451	234	7	consistent	consistent	ADJ
dem-18451	234	8	with	with	ADP
dem-18451	234	9	that	that	PRON
dem-18451	234	10	of	of	ADP
dem-18451	234	11	most	most	ADJ
dem-18451	234	12	previous	previous	ADJ
dem-18451	234	13	studies	study	NOUN
dem-18451	234	14	,	,	PUNCT
dem-18451	234	15	it	it	PRON
dem-18451	234	16	is	be	AUX
dem-18451	234	17	contrary	contrary	ADJ
dem-18451	234	18	to	to	ADP
dem-18451	234	19	the	the	DET
dem-18451	234	20	result	result	NOUN
dem-18451	234	21	of	of	ADP
dem-18451	234	22	gaire	gaire	NOUN
dem-18451	234	23	(	(	PUNCT
dem-18451	234	24	2016	2016	NUM
dem-18451	234	25	)	)	PUNCT
dem-18451	234	26	with	with	ADP
dem-18451	234	27	respect	respect	NOUN
dem-18451	234	28	to	to	ADP
dem-18451	234	29	causality	causality	NOUN
dem-18451	234	30	from	from	ADP
dem-18451	234	31	the	the	DET
dem-18451	234	32	gold	gold	NOUN
dem-18451	234	33	price	price	NOUN
dem-18451	234	34	to	to	ADP
dem-18451	234	35	the	the	DET
dem-18451	234	36	interest	interest	NOUN
dem-18451	234	37	rate	rate	NOUN
dem-18451	234	38	,	,	PUNCT
dem-18451	234	39	as	as	SCONJ
dem-18451	234	40	he	he	PRON
dem-18451	234	41	concluded	conclude	VERB
dem-18451	234	42	that	that	SCONJ
dem-18451	234	43	there	there	PRON
dem-18451	234	44	is	be	VERB
dem-18451	234	45	no	no	DET
dem-18451	234	46	causality	causality	NOUN
dem-18451	234	47	from	from	ADP
dem-18451	234	48	the	the	DET
dem-18451	234	49	gold	gold	NOUN
dem-18451	234	50	price	price	NOUN
dem-18451	234	51	to	to	ADP
dem-18451	234	52	the	the	DET
dem-18451	234	53	interest	interest	NOUN
dem-18451	234	54	rate	rate	NOUN
dem-18451	234	55	.	.	PUNCT
dem-18451	235	1	in	in	ADP
dem-18451	235	2	addition	addition	NOUN
dem-18451	235	3	,	,	PUNCT
dem-18451	235	4	he	he	PRON
dem-18451	235	5	found	find	VERB
dem-18451	235	6	a	a	DET
dem-18451	235	7	unidirectional	unidirectional	ADJ
dem-18451	235	8	causality	causality	NOUN
dem-18451	235	9	from	from	ADP
dem-18451	235	10	the	the	DET
dem-18451	235	11	interest	interest	NOUN
dem-18451	235	12	rate	rate	NOUN
dem-18451	235	13	to	to	ADP
dem-18451	235	14	the	the	DET
dem-18451	235	15	nepse	nepse	PROPN
dem-18451	235	16	index	index	NOUN
dem-18451	235	17	,	,	PUNCT
dem-18451	235	18	which	which	PRON
dem-18451	235	19	is	be	AUX
dem-18451	235	20	also	also	ADV
dem-18451	235	21	contrary	contrary	ADJ
dem-18451	235	22	to	to	ADP
dem-18451	235	23	our	our	PRON
dem-18451	235	24	finding	finding	NOUN
dem-18451	235	25	of	of	ADP
dem-18451	235	26	a	a	DET
dem-18451	235	27	feedback	feedback	NOUN
dem-18451	235	28	relationship	relationship	NOUN
dem-18451	235	29	between	between	ADP
dem-18451	235	30	the	the	DET
dem-18451	235	31	two	two	NUM
dem-18451	235	32	variables	variable	NOUN
dem-18451	235	33	.	.	PUNCT
dem-18451	236	1	in	in	ADP
dem-18451	236	2	addition	addition	NOUN
dem-18451	236	3	to	to	ADP
dem-18451	236	4	his	his	PRON
dem-18451	236	5	research	research	NOUN
dem-18451	236	6	,	,	PUNCT
dem-18451	236	7	we	we	PRON
dem-18451	236	8	included	include	VERB
dem-18451	236	9	an	an	DET
dem-18451	236	10	additional	additional	ADJ
dem-18451	236	11	macroeconomic	macroeconomic	ADJ
dem-18451	236	12	variable	variable	ADJ
dem-18451	236	13	-	-	PUNCT
dem-18451	236	14	exchange	exchange	NOUN
dem-18451	236	15	rate	rate	NOUN
dem-18451	236	16	,	,	PUNCT
dem-18451	236	17	and	and	CCONJ
dem-18451	236	18	concluded	conclude	VERB
dem-18451	236	19	that	that	SCONJ
dem-18451	236	20	there	there	PRON
dem-18451	236	21	exists	exist	VERB
dem-18451	236	22	a	a	DET
dem-18451	236	23	unidirectional	unidirectional	ADJ
dem-18451	236	24	causality	causality	NOUN
dem-18451	236	25	from	from	ADP
dem-18451	236	26	the	the	DET
dem-18451	236	27	gold	gold	NOUN
dem-18451	236	28	price	price	NOUN
dem-18451	236	29	to	to	ADP
dem-18451	236	30	the	the	DET
dem-18451	236	31	exchange	exchange	NOUN
dem-18451	236	32	rate	rate	NOUN
dem-18451	236	33	,	,	PUNCT
dem-18451	236	34	and	and	CCONJ
dem-18451	236	35	from	from	ADP
dem-18451	236	36	to	to	ADP
dem-18451	236	37	the	the	DET
dem-18451	236	38	exchange	exchange	NOUN
dem-18451	236	39	rate	rate	NOUN
dem-18451	236	40	to	to	ADP
dem-18451	236	41	the	the	DET
dem-18451	236	42	nepse	nepse	PROPN
dem-18451	236	43	index	index	NOUN
dem-18451	236	44	.	.	PUNCT
dem-18451	237	1	as	as	SCONJ
dem-18451	237	2	the	the	DET
dem-18451	237	3	study	study	NOUN
dem-18451	237	4	pertains	pertain	VERB
dem-18451	237	5	to	to	PART
dem-18451	237	6	nepal	nepal	ADJ
dem-18451	237	7	,	,	PUNCT
dem-18451	237	8	where	where	SCONJ
dem-18451	237	9	capital	capital	NOUN
dem-18451	237	10	account	account	NOUN
dem-18451	237	11	transactions	transaction	NOUN
dem-18451	237	12	are	be	AUX
dem-18451	237	13	not	not	PART
dem-18451	237	14	open	open	ADJ
dem-18451	237	15	,	,	PUNCT
dem-18451	237	16	our	our	PRON
dem-18451	237	17	results	result	NOUN
dem-18451	237	18	are	be	AUX
dem-18451	237	19	more	more	ADV
dem-18451	237	20	relevant	relevant	ADJ
dem-18451	237	21	in	in	ADP
dem-18451	237	22	countries	country	NOUN
dem-18451	237	23	where	where	SCONJ
dem-18451	237	24	capital	capital	NOUN
dem-18451	237	25	account	account	NOUN
dem-18451	237	26	transactions	transaction	NOUN
dem-18451	237	27	are	be	AUX
dem-18451	237	28	not	not	PART
dem-18451	237	29	open	open	ADJ
dem-18451	237	30	.	.	PUNCT
dem-18451	238	1	in	in	ADP
dem-18451	238	2	addition	addition	NOUN
dem-18451	238	3	,	,	PUNCT
dem-18451	238	4	inflation	inflation	NOUN
dem-18451	238	5	and	and	CCONJ
dem-18451	238	6	economic	economic	ADJ
dem-18451	238	7	growth	growth	NOUN
dem-18451	238	8	,	,	PUNCT
dem-18451	238	9	the	the	DET
dem-18451	238	10	other	other	ADJ
dem-18451	238	11	fundamental	fundamental	ADJ
dem-18451	238	12	macroeconomic	macroeconomic	ADJ
dem-18451	238	13	variables	variable	NOUN
dem-18451	238	14	,	,	PUNCT
dem-18451	238	15	are	be	AUX
dem-18451	238	16	not	not	PART
dem-18451	238	17	directly	directly	ADV
dem-18451	238	18	included	include	VERB
dem-18451	238	19	in	in	ADP
dem-18451	238	20	the	the	DET
dem-18451	238	21	study	study	NOUN
dem-18451	238	22	,	,	PUNCT
dem-18451	238	23	except	except	SCONJ
dem-18451	238	24	as	as	SCONJ
dem-18451	238	25	they	they	PRON
dem-18451	238	26	interact	interact	VERB
dem-18451	238	27	with	with	ADP
dem-18451	238	28	our	our	PRON
dem-18451	238	29	chosen	choose	VERB
dem-18451	238	30	variables	variable	NOUN
dem-18451	238	31	.	.	PUNCT
dem-18451	239	1	for	for	ADP
dem-18451	239	2	future	future	ADJ
dem-18451	239	3	studies	study	NOUN
dem-18451	239	4	,	,	PUNCT
dem-18451	239	5	we	we	PRON
dem-18451	239	6	suggest	suggest	VERB
dem-18451	239	7	including	include	VERB
dem-18451	239	8	these	these	DET
dem-18451	239	9	variables	variable	NOUN
dem-18451	239	10	to	to	PART
dem-18451	239	11	understand	understand	VERB
dem-18451	239	12	their	their	PRON
dem-18451	239	13	effect	effect	NOUN
dem-18451	239	14	and	and	CCONJ
dem-18451	239	15	direction	direction	NOUN
dem-18451	239	16	of	of	ADP
dem-18451	239	17	causality	causality	NOUN
dem-18451	239	18	with	with	ADP
dem-18451	239	19	the	the	DET
dem-18451	239	20	ones	one	NOUN
dem-18451	239	21	included	include	VERB
dem-18451	239	22	in	in	ADP
dem-18451	239	23	this	this	DET
dem-18451	239	24	paper	paper	NOUN
dem-18451	239	25	.	.	PUNCT
dem-18451	240	1	according	accord	VERB
dem-18451	240	2	to	to	ADP
dem-18451	240	3	ratanapakorn	ratanapakorn	VERB
dem-18451	240	4	and	and	CCONJ
dem-18451	240	5	sharma	sharma	PROPN
dem-18451	240	6	(	(	PUNCT
dem-18451	240	7	2007	2007	NUM
dem-18451	240	8	)	)	PUNCT
dem-18451	240	9	,	,	PUNCT
dem-18451	240	10	one	one	PRON
dem-18451	240	11	should	should	AUX
dem-18451	240	12	have	have	VERB
dem-18451	240	13	at	at	ADV
dem-18451	240	14	least	least	ADV
dem-18451	240	15	30	30	NUM
dem-18451	240	16	years	year	NOUN
dem-18451	240	17	of	of	ADP
dem-18451	240	18	data	datum	NOUN
dem-18451	240	19	to	to	PART
dem-18451	240	20	use	use	VERB
dem-18451	240	21	cointegration	cointegration	NOUN
dem-18451	240	22	analysis	analysis	NOUN
dem-18451	240	23	.	.	PUNCT
dem-18451	241	1	clearly	clearly	ADV
dem-18451	241	2	,	,	PUNCT
dem-18451	241	3	our	our	PRON
dem-18451	241	4	data	datum	NOUN
dem-18451	241	5	does	do	AUX
dem-18451	241	6	not	not	PART
dem-18451	241	7	cover	cover	VERB
dem-18451	241	8	a	a	DET
dem-18451	241	9	long	long	ADJ
dem-18451	241	10	enough	enough	ADJ
dem-18451	241	11	time	time	NOUN
dem-18451	241	12	period	period	NOUN
dem-18451	241	13	for	for	ADP
dem-18451	241	14	the	the	DET
dem-18451	241	15	analysis	analysis	NOUN
dem-18451	241	16	of	of	ADP
dem-18451	241	17	cointegration	cointegration	NOUN
dem-18451	241	18	.	.	PUNCT
dem-18451	242	1	similar	similar	ADJ
dem-18451	242	2	to	to	ADP
dem-18451	242	3	those	those	DET
dem-18451	242	4	authors	author	NOUN
dem-18451	242	5	,	,	PUNCT
dem-18451	242	6	our	our	PRON
dem-18451	242	7	objective	objective	NOUN
dem-18451	242	8	is	be	AUX
dem-18451	242	9	to	to	PART
dem-18451	242	10	investigate	investigate	VERB
dem-18451	242	11	a	a	DET
dem-18451	242	12	shorter	short	ADJ
dem-18451	242	13	time	time	NOUN
dem-18451	242	14	period	period	NOUN
dem-18451	242	15	,	,	PUNCT
dem-18451	242	16	and	and	CCONJ
dem-18451	242	17	hence	hence	ADV
dem-18451	242	18	,	,	PUNCT
dem-18451	242	19	the	the	DET
dem-18451	242	20	results	result	NOUN
dem-18451	242	21	should	should	AUX
dem-18451	242	22	be	be	AUX
dem-18451	242	23	viewed	view	VERB
dem-18451	242	24	with	with	ADP
dem-18451	242	25	caution	caution	NOUN
dem-18451	242	26	.	.	PUNCT
dem-18451	243	1	however	however	ADV
dem-18451	243	2	,	,	PUNCT
dem-18451	243	3	even	even	ADV
dem-18451	243	4	considering	consider	VERB
dem-18451	243	5	these	these	DET
dem-18451	243	6	limitations	limitation	NOUN
dem-18451	243	7	,	,	PUNCT
dem-18451	243	8	our	our	PRON
dem-18451	243	9	results	result	NOUN
dem-18451	243	10	have	have	VERB
dem-18451	243	11	important	important	ADJ
dem-18451	243	12	policy	policy	NOUN
dem-18451	243	13	implications	implication	NOUN
dem-18451	243	14	.	.	PUNCT
dem-18451	244	1	the	the	DET
dem-18451	244	2	present	present	ADJ
dem-18451	244	3	study	study	NOUN
dem-18451	244	4	has	have	AUX
dem-18451	244	5	concluded	conclude	VERB
dem-18451	244	6	that	that	SCONJ
dem-18451	244	7	the	the	DET
dem-18451	244	8	interest	interest	NOUN
dem-18451	244	9	rate	rate	NOUN
dem-18451	244	10	and	and	CCONJ
dem-18451	244	11	the	the	DET
dem-18451	244	12	usd	usd	NOUN
dem-18451	244	13	exchange	exchange	NOUN
dem-18451	244	14	rate	rate	NOUN
dem-18451	244	15	could	could	AUX
dem-18451	244	16	be	be	AUX
dem-18451	244	17	the	the	DET
dem-18451	244	18	important	important	ADJ
dem-18451	244	19	determinants	determinant	NOUN
dem-18451	244	20	of	of	ADP
dem-18451	244	21	the	the	DET
dem-18451	244	22	nepalese	nepalese	ADJ
dem-18451	244	23	stock	stock	PROPN
dem-18451	244	24	exchange	exchange	PROPN
dem-18451	244	25	index	index	NOUN
dem-18451	244	26	.	.	PUNCT
dem-18451	245	1	as	as	ADP
dem-18451	245	2	such	such	ADJ
dem-18451	245	3	,	,	PUNCT
dem-18451	245	4	understanding	understand	VERB
dem-18451	245	5	the	the	DET
dem-18451	245	6	stock	stock	NOUN
dem-18451	245	7	market	market	NOUN
dem-18451	245	8	reaction	reaction	NOUN
dem-18451	245	9	to	to	ADP
dem-18451	245	10	these	these	DET
dem-18451	245	11	variables	variable	NOUN
dem-18451	245	12	over	over	ADP
dem-18451	245	13	time	time	NOUN
dem-18451	245	14	should	should	AUX
dem-18451	245	15	provide	provide	VERB
dem-18451	245	16	insight	insight	NOUN
dem-18451	245	17	to	to	ADP
dem-18451	245	18	practitioners	practitioner	NOUN
dem-18451	245	19	,	,	PUNCT
dem-18451	245	20	researchers	researcher	NOUN
dem-18451	245	21	,	,	PUNCT
dem-18451	245	22	government	government	NOUN
dem-18451	245	23	agencies	agency	NOUN
dem-18451	245	24	,	,	PUNCT
dem-18451	245	25	and	and	CCONJ
dem-18451	245	26	others	other	NOUN
dem-18451	245	27	interested	interested	ADJ
dem-18451	245	28	in	in	ADP
dem-18451	245	29	the	the	DET
dem-18451	245	30	topic	topic	NOUN
dem-18451	245	31	.	.	PUNCT
dem-18451	246	1	an	an	DET
dem-18451	246	2	enquiry	enquiry	NOUN
dem-18451	246	3	into	into	ADP
dem-18451	246	4	the	the	DET
dem-18451	246	5	effect	effect	NOUN
dem-18451	246	6	of	of	ADP
dem-18451	246	7	the	the	DET
dem-18451	246	8	interest	interest	NOUN
dem-18451	246	9	rate	rate	NOUN
dem-18451	246	10	,	,	PUNCT
dem-18451	246	11	gold	gold	NOUN
dem-18451	246	12	price	price	NOUN
dem-18451	246	13	,	,	PUNCT
dem-18451	246	14	and	and	CCONJ
dem-18451	246	15	the	the	DET
dem-18451	246	16	exchange	exchange	NOUN
dem-18451	246	17	…	…	SYM
dem-18451	246	18	dynamic	dynamic	ADJ
dem-18451	246	19	econometric	econometric	ADJ
dem-18451	246	20	models	model	NOUN
dem-18451	246	21	18	18	NUM
dem-18451	246	22	(	(	PUNCT
dem-18451	246	23	2018	2018	NUM
dem-18451	246	24	)	)	PUNCT
dem-18451	246	25	49–65	49–65	NUM
dem-18451	246	26	63	63	NUM
dem-18451	246	27	references	reference	NOUN
dem-18451	246	28	abdalla	abdalla	PROPN
dem-18451	246	29	,	,	PUNCT
dem-18451	246	30	i.	i.	PROPN
dem-18451	246	31	s.	s.	PROPN
dem-18451	246	32	,	,	PUNCT
dem-18451	246	33	murinde	murinde	NOUN
dem-18451	246	34	,	,	PUNCT
dem-18451	246	35	v.	v.	PROPN
dem-18451	246	36	(	(	PUNCT
dem-18451	246	37	1997	1997	NUM
dem-18451	246	38	)	)	PUNCT
dem-18451	246	39	,	,	PUNCT
dem-18451	246	40	exchange	exchange	NOUN
dem-18451	246	41	rate	rate	NOUN
dem-18451	246	42	and	and	CCONJ
dem-18451	246	43	stock	stock	NOUN
dem-18451	246	44	price	price	NOUN
dem-18451	246	45	interactions	interaction	NOUN
dem-18451	246	46	in	in	ADP
dem-18451	246	47	emerging	emerge	VERB
dem-18451	246	48	financial	financial	ADJ
dem-18451	246	49	markets	market	NOUN
dem-18451	246	50	:	:	PUNCT
dem-18451	246	51	evidence	evidence	NOUN
dem-18451	246	52	on	on	ADP
dem-18451	246	53	india	india	PROPN
dem-18451	246	54	,	,	PUNCT
dem-18451	246	55	korea	korea	PROPN
dem-18451	246	56	,	,	PUNCT
dem-18451	246	57	pakistan	pakistan	PROPN
dem-18451	246	58	and	and	CCONJ
dem-18451	246	59	the	the	DET
dem-18451	246	60	philippines	philippine	NOUN
dem-18451	246	61	,	,	PUNCT
dem-18451	246	62	applied	apply	VERB
dem-18451	246	63	financial	financial	ADJ
dem-18451	246	64	economics	economic	NOUN
dem-18451	246	65	,	,	PUNCT
dem-18451	246	66	7(1	7(1	NUM
dem-18451	246	67	)	)	PUNCT
dem-18451	246	68	,	,	PUNCT
dem-18451	246	69	25–35	25–35	NUM
dem-18451	246	70	,	,	PUNCT
dem-18451	246	71	doi	doi	NOUN
dem-18451	246	72	:	:	PUNCT
dem-18451	246	73	http://dx.doi.org/10.1080/096031097333826	http://dx.doi.org/10.1080/096031097333826	PROPN
dem-18451	246	74	.	.	PUNCT
dem-18451	247	1	alam	alam	PROPN
dem-18451	247	2	,	,	PUNCT
dem-18451	247	3	m.	m.	NOUN
dem-18451	247	4	,	,	PUNCT
dem-18451	247	5	uddin	uddin	PROPN
dem-18451	247	6	,	,	PUNCT
dem-18451	247	7	g.	g.	PROPN
dem-18451	247	8	(	(	PUNCT
dem-18451	247	9	2009	2009	NUM
dem-18451	247	10	)	)	PUNCT
dem-18451	247	11	,	,	PUNCT
dem-18451	247	12	relationship	relationship	NOUN
dem-18451	247	13	between	between	ADP
dem-18451	247	14	interest	interest	NOUN
dem-18451	247	15	rate	rate	NOUN
dem-18451	247	16	and	and	CCONJ
dem-18451	247	17	stock	stock	NOUN
dem-18451	247	18	price	price	NOUN
dem-18451	247	19	:	:	PUNCT
dem-18451	247	20	empirical	empirical	ADJ
dem-18451	247	21	evidence	evidence	NOUN
dem-18451	247	22	from	from	ADP
dem-18451	247	23	developed	develop	VERB
dem-18451	247	24	and	and	CCONJ
dem-18451	247	25	developing	develop	VERB
dem-18451	247	26	countries	country	NOUN
dem-18451	247	27	,	,	PUNCT
dem-18451	247	28	doi	doi	NOUN
dem-18451	247	29	:	:	PUNCT
dem-18451	247	30	http://dx.doi.org/10.5539/ijbm.v4n3p43	http://dx.doi.org/10.5539/ijbm.v4n3p43	PROPN
dem-18451	247	31	.	.	PUNCT
dem-18451	247	32	bhattacharjee	bhattacharjee	PROPN
dem-18451	247	33	,	,	PUNCT
dem-18451	247	34	k.	k.	PROPN
dem-18451	247	35	,	,	PUNCT
dem-18451	247	36	bang	bang	PROPN
dem-18451	247	37	,	,	PUNCT
dem-18451	247	38	n.	n.	PROPN
dem-18451	247	39	p.	p.	PROPN
dem-18451	247	40	,	,	PUNCT
dem-18451	247	41	mamidanna	mamidanna	NOUN
dem-18451	247	42	,	,	PUNCT
dem-18451	247	43	s.	s.	PROPN
dem-18451	247	44	(	(	PUNCT
dem-18451	247	45	2014	2014	NUM
dem-18451	247	46	)	)	PUNCT
dem-18451	247	47	,	,	PUNCT
dem-18451	247	48	transmission	transmission	NOUN
dem-18451	247	49	of	of	ADP
dem-18451	247	50	pricing	pricing	NOUN
dem-18451	247	51	information	information	NOUN
dem-18451	247	52	between	between	ADP
dem-18451	247	53	level	level	NOUN
dem-18451	247	54	iii	iii	NUM
dem-18451	247	55	adrs	adr	NOUN
dem-18451	247	56	and	and	CCONJ
dem-18451	247	57	their	their	PRON
dem-18451	247	58	underlying	underlying	ADJ
dem-18451	247	59	domestic	domestic	ADJ
dem-18451	247	60	stocks	stock	NOUN
dem-18451	247	61	:	:	PUNCT
dem-18451	247	62	empirical	empirical	ADJ
dem-18451	247	63	evidence	evidence	NOUN
dem-18451	247	64	from	from	ADP
dem-18451	247	65	india	india	PROPN
dem-18451	247	66	.	.	PUNCT
dem-18451	247	67	journal	journal	PROPN
dem-18451	247	68	of	of	ADP
dem-18451	247	69	multinational	multinational	ADJ
dem-18451	247	70	financial	financial	ADJ
dem-18451	247	71	management	management	NOUN
dem-18451	247	72	,	,	PUNCT
dem-18451	247	73	24	24	NUM
dem-18451	247	74	,	,	PUNCT
dem-18451	247	75	43–59	43–59	NOUN
dem-18451	247	76	,	,	PUNCT
dem-18451	247	77	doi	doi	NOUN
dem-18451	247	78	:	:	PUNCT
dem-18451	247	79	http://dx.doi.org/10.1016/j.mulfin.2013.12.001	http://dx.doi.org/10.1016/j.mulfin.2013.12.001	PROPN
dem-18451	247	80	.	.	PUNCT
dem-18451	248	1	buyuksalvarci	buyuksalvarci	PROPN
dem-18451	248	2	,	,	PUNCT
dem-18451	248	3	a.	a.	NOUN
dem-18451	248	4	(	(	PUNCT
dem-18451	248	5	2010	2010	NUM
dem-18451	248	6	)	)	PUNCT
dem-18451	248	7	,	,	PUNCT
dem-18451	248	8	the	the	DET
dem-18451	248	9	effects	effect	NOUN
dem-18451	248	10	of	of	ADP
dem-18451	248	11	macroeconomics	macroeconomic	NOUN
dem-18451	248	12	variables	variable	NOUN
dem-18451	248	13	on	on	ADP
dem-18451	248	14	stock	stock	NOUN
dem-18451	248	15	returns	return	NOUN
dem-18451	248	16	:	:	PUNCT
dem-18451	248	17	evidence	evidence	NOUN
dem-18451	248	18	from	from	ADP
dem-18451	248	19	turkey	turkey	PROPN
dem-18451	248	20	,	,	PUNCT
dem-18451	248	21	european	european	ADJ
dem-18451	248	22	journal	journal	PROPN
dem-18451	248	23	of	of	ADP
dem-18451	248	24	social	social	ADJ
dem-18451	248	25	sciences	science	NOUN
dem-18451	248	26	,	,	PUNCT
dem-18451	248	27	14(3	14(3	NUM
dem-18451	248	28	)	)	PUNCT
dem-18451	248	29	,	,	PUNCT
dem-18451	248	30	404–416	404–416	NUM
dem-18451	248	31	.	.	PUNCT
dem-18451	249	1	cheung	cheung	PROPN
dem-18451	249	2	,	,	PUNCT
dem-18451	249	3	y.	y.	PROPN
dem-18451	249	4	w.	w.	PROPN
dem-18451	249	5	,	,	PUNCT
dem-18451	249	6	lai	lai	PROPN
dem-18451	249	7	,	,	PUNCT
dem-18451	249	8	k.	k.	PROPN
dem-18451	249	9	s.	s.	PROPN
dem-18451	249	10	(	(	PUNCT
dem-18451	249	11	1993	1993	NUM
dem-18451	249	12	)	)	PUNCT
dem-18451	249	13	,	,	PUNCT
dem-18451	249	14	finite	finite	ADJ
dem-18451	249	15	-	-	ADJ
dem-18451	249	16	sample	sample	ADJ
dem-18451	249	17	sizes	size	NOUN
dem-18451	249	18	of	of	ADP
dem-18451	249	19	johansen	johansen	PROPN
dem-18451	249	20	’s	’s	PART
dem-18451	249	21	likelihood	likelihood	NOUN
dem-18451	249	22	ratio	ratio	NOUN
dem-18451	249	23	tests	test	NOUN
dem-18451	249	24	for	for	ADP
dem-18451	249	25	cointegration	cointegration	NOUN
dem-18451	249	26	,	,	PUNCT
dem-18451	249	27	oxford	oxford	ADJ
dem-18451	249	28	bulletin	bulletin	NOUN
dem-18451	249	29	of	of	ADP
dem-18451	249	30	economics	economic	NOUN
dem-18451	249	31	and	and	CCONJ
dem-18451	249	32	statistics	statistic	NOUN
dem-18451	249	33	,	,	PUNCT
dem-18451	249	34	55(3	55(3	NUM
dem-18451	249	35	)	)	PUNCT
dem-18451	249	36	,	,	PUNCT
dem-18451	249	37	313–328	313–328	NUM
dem-18451	249	38	,	,	PUNCT
dem-18451	249	39	doi	doi	NOUN
dem-18451	249	40	:	:	PUNCT
dem-18451	249	41	http://dx.doi.org/10.1111/j.1468-0084.1993.mp55003003.x	http://dx.doi.org/10.1111/j.1468-0084.1993.mp55003003.x	PROPN
dem-18451	249	42	.	.	PUNCT
dem-18451	249	43	cuestas	cuesta	NOUN
dem-18451	249	44	,	,	PUNCT
dem-18451	249	45	j.	j.	PROPN
dem-18451	249	46	c.	c.	PROPN
dem-18451	249	47	,	,	PUNCT
dem-18451	249	48	harrison	harrison	PROPN
dem-18451	249	49	,	,	PUNCT
dem-18451	249	50	b.	b.	PROPN
dem-18451	249	51	(	(	PUNCT
dem-18451	249	52	2008	2008	NUM
dem-18451	249	53	)	)	PUNCT
dem-18451	249	54	testing	testing	NOUN
dem-18451	249	55	for	for	ADP
dem-18451	249	56	stationarity	stationarity	NOUN
dem-18451	249	57	of	of	ADP
dem-18451	249	58	inflation	inflation	NOUN
dem-18451	249	59	in	in	ADP
dem-18451	249	60	central	central	ADJ
dem-18451	249	61	and	and	CCONJ
dem-18451	249	62	eastern	eastern	ADJ
dem-18451	249	63	european	european	ADJ
dem-18451	249	64	countries	country	NOUN
dem-18451	249	65	(	(	PUNCT
dem-18451	249	66	no	no	INTJ
dem-18451	249	67	.	.	NOUN
dem-18451	249	68	2008/13	2008/13	NUM
dem-18451	249	69	)	)	PUNCT
dem-18451	249	70	.	.	PUNCT
dem-18451	250	1	cuestas	cuesta	NOUN
dem-18451	250	2	,	,	PUNCT
dem-18451	250	3	j.	j.	PROPN
dem-18451	250	4	c.	c.	PROPN
dem-18451	250	5	,	,	PUNCT
dem-18451	250	6	staehr	staehr	PROPN
dem-18451	250	7	,	,	PUNCT
dem-18451	250	8	k.	k.	PROPN
dem-18451	250	9	(	(	PUNCT
dem-18451	250	10	2013	2013	NUM
dem-18451	250	11	)	)	PUNCT
dem-18451	250	12	,	,	PUNCT
dem-18451	250	13	fiscal	fiscal	ADJ
dem-18451	250	14	shocks	shock	NOUN
dem-18451	250	15	and	and	CCONJ
dem-18451	250	16	budget	budget	NOUN
dem-18451	250	17	balance	balance	NOUN
dem-18451	250	18	persistence	persistence	NOUN
dem-18451	250	19	in	in	ADP
dem-18451	250	20	the	the	DET
dem-18451	250	21	eu	eu	PROPN
dem-18451	250	22	countries	country	NOUN
dem-18451	250	23	from	from	ADP
dem-18451	250	24	central	central	ADJ
dem-18451	250	25	and	and	CCONJ
dem-18451	250	26	eastern	eastern	ADJ
dem-18451	250	27	europe	europe	PROPN
dem-18451	250	28	,	,	PUNCT
dem-18451	250	29	applied	apply	VERB
dem-18451	250	30	economics	economic	NOUN
dem-18451	250	31	,	,	PUNCT
dem-18451	250	32	45(22	45(22	PROPN
dem-18451	250	33	)	)	PUNCT
dem-18451	250	34	,	,	PUNCT
dem-18451	250	35	3211–3219	3211–3219	NUM
dem-18451	250	36	,	,	PUNCT
dem-18451	250	37	doi	doi	NOUN
dem-18451	250	38	:	:	PUNCT
dem-18451	250	39	http://dx.doi.org/10.1080/00036846.2012.703316	http://dx.doi.org/10.1080/00036846.2012.703316	PROPN
dem-18451	250	40	.	.	PUNCT
dem-18451	250	41	engle	engle	PROPN
dem-18451	250	42	,	,	PUNCT
dem-18451	250	43	r.	r.	PROPN
dem-18451	250	44	f.	f.	PROPN
dem-18451	250	45	,	,	PUNCT
dem-18451	250	46	granger	granger	PROPN
dem-18451	250	47	,	,	PUNCT
dem-18451	250	48	c.	c.	PROPN
dem-18451	250	49	w.	w.	PROPN
dem-18451	250	50	(	(	PUNCT
dem-18451	250	51	1987	1987	NUM
dem-18451	250	52	)	)	PUNCT
dem-18451	250	53	,	,	PUNCT
dem-18451	250	54	co	co	NOUN
dem-18451	250	55	-	-	NOUN
dem-18451	250	56	integration	integration	NOUN
dem-18451	250	57	and	and	CCONJ
dem-18451	250	58	error	error	NOUN
dem-18451	250	59	correction	correction	NOUN
dem-18451	250	60	:	:	PUNCT
dem-18451	250	61	representation	representation	NOUN
dem-18451	250	62	,	,	PUNCT
dem-18451	250	63	estimation	estimation	NOUN
dem-18451	250	64	,	,	PUNCT
dem-18451	250	65	and	and	CCONJ
dem-18451	250	66	testing	testing	NOUN
dem-18451	250	67	,	,	PUNCT
dem-18451	250	68	econometrica	econometrica	PROPN
dem-18451	250	69	:	:	PUNCT
dem-18451	250	70	journal	journal	NOUN
dem-18451	250	71	of	of	ADP
dem-18451	250	72	the	the	DET
dem-18451	250	73	econometric	econometric	ADJ
dem-18451	250	74	society	society	NOUN
dem-18451	250	75	,	,	PUNCT
dem-18451	250	76	251–276	251–276	NUM
dem-18451	250	77	,	,	PUNCT
dem-18451	250	78	doi	doi	NOUN
dem-18451	250	79	:	:	PUNCT
dem-18451	250	80	http://dx.doi.org/10.2307/1913236	http://dx.doi.org/10.2307/1913236	ADJ
dem-18451	250	81	,	,	PUNCT
dem-18451	250	82	https://www.jstor.org/stable/1913236	https://www.jstor.org/stable/1913236	X
dem-18451	250	83	.	.	PROPN
dem-18451	250	84	fama	fama	PROPN
dem-18451	250	85	,	,	PUNCT
dem-18451	250	86	e.	e.	PROPN
dem-18451	250	87	f.	f.	PROPN
dem-18451	250	88	(	(	PUNCT
dem-18451	250	89	1981	1981	NUM
dem-18451	250	90	)	)	PUNCT
dem-18451	250	91	,	,	PUNCT
dem-18451	250	92	stock	stock	NOUN
dem-18451	250	93	returns	return	NOUN
dem-18451	250	94	,	,	PUNCT
dem-18451	250	95	real	real	ADJ
dem-18451	250	96	activity	activity	NOUN
dem-18451	250	97	,	,	PUNCT
dem-18451	250	98	inflation	inflation	NOUN
dem-18451	250	99	and	and	CCONJ
dem-18451	250	100	money	money	NOUN
dem-18451	250	101	,	,	PUNCT
dem-18451	250	102	american	american	PROPN
dem-18451	250	103	economic	economic	PROPN
dem-18451	250	104	review	review	PROPN
dem-18451	250	105	,	,	PUNCT
dem-18451	250	106	71	71	NUM
dem-18451	250	107	,	,	PUNCT
dem-18451	250	108	545–565	545–565	NUM
dem-18451	250	109	,	,	PUNCT
dem-18451	250	110	doi	doi	PROPN
dem-18451	250	111	:	:	PUNCT
dem-18451	250	112	https://www.jstor.org/stable/1806180	https://www.jstor.org/stable/1806180	PROPN
dem-18451	250	113	.	.	PUNCT
dem-18451	250	114	gaire	gaire	PROPN
dem-18451	250	115	,	,	PUNCT
dem-18451	250	116	h.	h.	PROPN
dem-18451	250	117	(	(	PUNCT
dem-18451	250	118	2016	2016	NUM
dem-18451	250	119	)	)	PUNCT
dem-18451	250	120	,	,	PUNCT
dem-18451	250	121	stock	stock	NOUN
dem-18451	250	122	index	index	NOUN
dem-18451	250	123	,	,	PUNCT
dem-18451	250	124	interest	interest	NOUN
dem-18451	250	125	rate	rate	NOUN
dem-18451	250	126	and	and	CCONJ
dem-18451	250	127	gold	gold	NOUN
dem-18451	250	128	price	price	NOUN
dem-18451	250	129	of	of	ADP
dem-18451	250	130	nepal	nepal	ADJ
dem-18451	250	131	:	:	PUNCT
dem-18451	250	132	cointegration	cointegration	NOUN
dem-18451	250	133	and	and	CCONJ
dem-18451	250	134	causality	causality	NOUN
dem-18451	250	135	analysis	analysis	NOUN
dem-18451	250	136	,	,	PUNCT
dem-18451	250	137	retrieved	retrieve	VERB
dem-18451	250	138	from	from	ADP
dem-18451	250	139	https://nrb.org.np/ecorev/articles/2.nepseindex20180206.pdf	https://nrb.org.np/ecorev/articles/2.nepseindex20180206.pdf	NOUN
dem-18451	250	140	.	.	PUNCT
dem-18451	251	1	granger	granger	PROPN
dem-18451	251	2	,	,	PUNCT
dem-18451	251	3	c.	c.	PROPN
dem-18451	251	4	w.	w.	PROPN
dem-18451	251	5	(	(	PUNCT
dem-18451	251	6	1981	1981	NUM
dem-18451	251	7	)	)	PUNCT
dem-18451	251	8	,	,	PUNCT
dem-18451	251	9	some	some	DET
dem-18451	251	10	properties	property	NOUN
dem-18451	251	11	of	of	ADP
dem-18451	251	12	time	time	NOUN
dem-18451	251	13	series	series	PROPN
dem-18451	251	14	data	datum	NOUN
dem-18451	251	15	and	and	CCONJ
dem-18451	251	16	their	their	PRON
dem-18451	251	17	use	use	NOUN
dem-18451	251	18	in	in	ADP
dem-18451	251	19	econometric	econometric	ADJ
dem-18451	251	20	model	model	NOUN
dem-18451	251	21	specification	specification	NOUN
dem-18451	251	22	.	.	PUNCT
dem-18451	252	1	journal	journal	PROPN
dem-18451	252	2	of	of	ADP
dem-18451	252	3	econometrics	econometrics	PROPN
dem-18451	252	4	,	,	PUNCT
dem-18451	252	5	16(1	16(1	NUM
dem-18451	252	6	)	)	PUNCT
dem-18451	252	7	,	,	PUNCT
dem-18451	252	8	121–130	121–130	NUM
dem-18451	252	9	,	,	PUNCT
dem-18451	252	10	doi	doi	NOUN
dem-18451	252	11	:	:	PUNCT
dem-18451	252	12	http://dx.doi.org/10.1016/0304-4076(81)90079-8	http://dx.doi.org/10.1016/0304-4076(81)90079-8	NOUN
dem-18451	252	13	.	.	PUNCT
dem-18451	253	1	gregoriou	gregoriou	NOUN
dem-18451	253	2	,	,	PUNCT
dem-18451	253	3	a.	a.	NOUN
dem-18451	253	4	,	,	PUNCT
dem-18451	253	5	kontonikas	kontonikas	PROPN
dem-18451	253	6	,	,	PUNCT
dem-18451	253	7	a.	a.	NOUN
dem-18451	253	8	,	,	PUNCT
dem-18451	253	9	montagnoli	montagnoli	PROPN
dem-18451	253	10	,	,	PUNCT
dem-18451	253	11	a.	a.	NOUN
dem-18451	253	12	(	(	PUNCT
dem-18451	253	13	2006	2006	NUM
dem-18451	253	14	)	)	PUNCT
dem-18451	253	15	,	,	PUNCT
dem-18451	253	16	euro	euro	NOUN
dem-18451	253	17	area	area	NOUN
dem-18451	253	18	inflation	inflation	NOUN
dem-18451	253	19	differentials	differential	NOUN
dem-18451	253	20	:	:	PUNCT
dem-18451	253	21	unit	unit	NOUN
dem-18451	253	22	roots	root	NOUN
dem-18451	253	23	,	,	PUNCT
dem-18451	253	24	structural	structural	ADJ
dem-18451	253	25	breaks	break	NOUN
dem-18451	253	26	and	and	CCONJ
dem-18451	253	27	nonlinear	nonlinear	ADJ
dem-18451	253	28	adjustment	adjustment	NOUN
dem-18451	253	29	,	,	PUNCT
dem-18451	253	30	university	university	NOUN
dem-18451	253	31	of	of	ADP
dem-18451	253	32	glasgow	glasgow	PROPN
dem-18451	253	33	,	,	PUNCT
dem-18451	253	34	department	department	NOUN
dem-18451	253	35	of	of	ADP
dem-18451	253	36	economics	economic	NOUN
dem-18451	253	37	,	,	PUNCT
dem-18451	253	38	working	working	NOUN
dem-18451	253	39	paper	paper	NOUN
dem-18451	253	40	,	,	PUNCT
dem-18451	253	41	(	(	PUNCT
dem-18451	253	42	2007_13	2007_13	NUM
dem-18451	253	43	)	)	PUNCT
dem-18451	253	44	.	.	PUNCT
dem-18451	254	1	gunes	gune	NOUN
dem-18451	254	2	,	,	PUNCT
dem-18451	254	3	s.	s.	PROPN
dem-18451	254	4	(	(	PUNCT
dem-18451	254	5	2007	2007	NUM
dem-18451	254	6	)	)	PUNCT
dem-18451	254	7	,	,	PUNCT
dem-18451	254	8	functional	functional	ADJ
dem-18451	254	9	income	income	NOUN
dem-18451	254	10	distribution	distribution	NOUN
dem-18451	254	11	in	in	ADP
dem-18451	254	12	turkey	turkey	NOUN
dem-18451	254	13	:	:	PUNCT
dem-18451	254	14	a	a	DET
dem-18451	254	15	cointegration	cointegration	NOUN
dem-18451	254	16	and	and	CCONJ
dem-18451	254	17	vecm	vecm	VERB
dem-18451	254	18	analysis	analysis	NOUN
dem-18451	254	19	,	,	PUNCT
dem-18451	254	20	journal	journal	NOUN
dem-18451	254	21	of	of	ADP
dem-18451	254	22	economic	economic	ADJ
dem-18451	254	23	and	and	CCONJ
dem-18451	254	24	social	social	ADJ
dem-18451	254	25	research	research	NOUN
dem-18451	254	26	,	,	PUNCT
dem-18451	254	27	9(2	9(2	NUM
dem-18451	254	28	)	)	PUNCT
dem-18451	254	29	,	,	PUNCT
dem-18451	254	30	23–36	23–36	NUM
dem-18451	254	31	.	.	PUNCT
dem-18451	255	1	harris	harris	PROPN
dem-18451	255	2	,	,	PUNCT
dem-18451	255	3	r.	r.	PROPN
dem-18451	255	4	,	,	PUNCT
dem-18451	255	5	sollis	sollis	PROPN
dem-18451	255	6	,	,	PUNCT
dem-18451	255	7	r.	r.	PROPN
dem-18451	255	8	(	(	PUNCT
dem-18451	255	9	2003	2003	NUM
dem-18451	255	10	)	)	PUNCT
dem-18451	255	11	,	,	PUNCT
dem-18451	255	12	applied	apply	VERB
dem-18451	255	13	time	time	NOUN
dem-18451	255	14	series	series	NOUN
dem-18451	255	15	modelling	modelling	NOUN
dem-18451	255	16	and	and	CCONJ
dem-18451	255	17	forecasting	forecasting	NOUN
dem-18451	255	18	,	,	PUNCT
dem-18451	255	19	wiley	wiley	PROPN
dem-18451	255	20	.	.	PUNCT
dem-18451	256	1	johansen	johansen	PROPN
dem-18451	256	2	,	,	PUNCT
dem-18451	256	3	s.	s.	PROPN
dem-18451	256	4	(	(	PUNCT
dem-18451	256	5	1988	1988	NUM
dem-18451	256	6	)	)	PUNCT
dem-18451	256	7	,	,	PUNCT
dem-18451	256	8	statistical	statistical	ADJ
dem-18451	256	9	analysis	analysis	NOUN
dem-18451	256	10	of	of	ADP
dem-18451	256	11	cointegration	cointegration	NOUN
dem-18451	256	12	vectors	vector	NOUN
dem-18451	256	13	,	,	PUNCT
dem-18451	256	14	journal	journal	NOUN
dem-18451	256	15	of	of	ADP
dem-18451	256	16	economic	economic	ADJ
dem-18451	256	17	dynamics	dynamic	NOUN
dem-18451	256	18	and	and	CCONJ
dem-18451	256	19	control	control	NOUN
dem-18451	256	20	,	,	PUNCT
dem-18451	256	21	12	12	NUM
dem-18451	256	22	,	,	PUNCT
dem-18451	256	23	231–254	231–254	NUM
dem-18451	256	24	,	,	PUNCT
dem-18451	256	25	doi	doi	NOUN
dem-18451	256	26	:	:	PUNCT
dem-18451	256	27	http://dx.doi.org/10.1016/0165-1889(88)90041-3	http://dx.doi.org/10.1016/0165-1889(88)90041-3	PROPN
dem-18451	256	28	.	.	PUNCT
dem-18451	257	1	johansen	johansen	PROPN
dem-18451	257	2	,	,	PUNCT
dem-18451	257	3	s.	s.	PROPN
dem-18451	257	4	(	(	PUNCT
dem-18451	257	5	1991	1991	NUM
dem-18451	257	6	)	)	PUNCT
dem-18451	257	7	,	,	PUNCT
dem-18451	257	8	estimation	estimation	NOUN
dem-18451	257	9	and	and	CCONJ
dem-18451	257	10	hypothesis	hypothesis	NOUN
dem-18451	257	11	testing	testing	NOUN
dem-18451	257	12	of	of	ADP
dem-18451	257	13	cointegration	cointegration	NOUN
dem-18451	257	14	vectors	vector	NOUN
dem-18451	257	15	in	in	ADP
dem-18451	257	16	gaussian	gaussian	ADJ
dem-18451	257	17	vector	vector	NOUN
dem-18451	257	18	autoregressive	autoregressive	ADJ
dem-18451	257	19	models	model	NOUN
dem-18451	257	20	,	,	PUNCT
dem-18451	257	21	econometrica	econometrica	PROPN
dem-18451	257	22	,	,	PUNCT
dem-18451	257	23	59	59	NUM
dem-18451	257	24	,	,	PUNCT
dem-18451	257	25	1551–1580	1551–1580	NUM
dem-18451	257	26	,	,	PUNCT
dem-18451	257	27	doi	doi	NOUN
dem-18451	257	28	:	:	PUNCT
dem-18451	257	29	https://www.jstor.org/stable/2938278	https://www.jstor.org/stable/2938278	NOUN
dem-18451	257	30	.	.	PUNCT
dem-18451	258	1	johansen	johansen	PROPN
dem-18451	258	2	,	,	PUNCT
dem-18451	258	3	s.	s.	PROPN
dem-18451	258	4	(	(	PUNCT
dem-18451	258	5	1992	1992	NUM
dem-18451	258	6	)	)	PUNCT
dem-18451	258	7	,	,	PUNCT
dem-18451	258	8	determination	determination	NOUN
dem-18451	258	9	of	of	ADP
dem-18451	258	10	cointegration	cointegration	NOUN
dem-18451	258	11	rank	rank	NOUN
dem-18451	258	12	in	in	ADP
dem-18451	258	13	the	the	DET
dem-18451	258	14	presence	presence	NOUN
dem-18451	258	15	of	of	ADP
dem-18451	258	16	a	a	DET
dem-18451	258	17	linear	linear	ADJ
dem-18451	258	18	trend	trend	NOUN
dem-18451	258	19	.	.	PUNCT
dem-18451	259	1	oxford	oxford	ADJ
dem-18451	259	2	bulletin	bulletin	NOUN
dem-18451	259	3	of	of	ADP
dem-18451	259	4	economics	economic	NOUN
dem-18451	259	5	and	and	CCONJ
dem-18451	259	6	statistics	statistic	NOUN
dem-18451	259	7	,	,	PUNCT
dem-18451	259	8	54(3	54(3	NUM
dem-18451	259	9	)	)	PUNCT
dem-18451	259	10	,	,	PUNCT
dem-18451	259	11	383–397	383–397	NUM
dem-18451	259	12	,	,	PUNCT
dem-18451	259	13	doi	doi	NOUN
dem-18451	259	14	:	:	PUNCT
dem-18451	259	15	http://dx.doi.org/10.1111/j.1468-0084.1992.tb00008.x	http://dx.doi.org/10.1111/j.1468-0084.1992.tb00008.x	PROPN
dem-18451	259	16	.	.	PUNCT
dem-18451	260	1	mitra	mitra	PROPN
dem-18451	260	2	lal	lal	PROPN
dem-18451	260	3	devkota	devkota	PROPN
dem-18451	260	4	,	,	PUNCT
dem-18451	260	5	humnath	humnath	NOUN
dem-18451	260	6	panta	panta	PROPN
dem-18451	260	7	dynamic	dynamic	ADJ
dem-18451	260	8	econometric	econometric	ADJ
dem-18451	260	9	models	model	NOUN
dem-18451	260	10	18	18	NUM
dem-18451	260	11	(	(	PUNCT
dem-18451	260	12	2018	2018	NUM
dem-18451	260	13	)	)	PUNCT
dem-18451	260	14	49–65	49–65	NUM
dem-18451	260	15	64	64	NUM
dem-18451	260	16	johansen	johansen	NOUN
dem-18451	260	17	,	,	PUNCT
dem-18451	260	18	s.	s.	PROPN
dem-18451	260	19	,	,	PUNCT
dem-18451	260	20	juselius	juselius	NOUN
dem-18451	260	21	,	,	PUNCT
dem-18451	260	22	k.	k.	PROPN
dem-18451	260	23	(	(	PUNCT
dem-18451	260	24	1990	1990	NUM
dem-18451	260	25	)	)	PUNCT
dem-18451	260	26	,	,	PUNCT
dem-18451	260	27	maximum	maximum	ADJ
dem-18451	260	28	likelihood	likelihood	NOUN
dem-18451	260	29	estimation	estimation	NOUN
dem-18451	260	30	and	and	CCONJ
dem-18451	260	31	inference	inference	NOUN
dem-18451	260	32	on	on	ADP
dem-18451	260	33	cointegration	cointegration	NOUN
dem-18451	260	34	–	–	PUNCT
dem-18451	260	35	with	with	ADP
dem-18451	260	36	applications	application	NOUN
dem-18451	260	37	to	to	ADP
dem-18451	260	38	the	the	DET
dem-18451	260	39	demand	demand	NOUN
dem-18451	260	40	for	for	ADP
dem-18451	260	41	money	money	NOUN
dem-18451	260	42	,	,	PUNCT
dem-18451	260	43	oxford	oxford	ADJ
dem-18451	260	44	bulletin	bulletin	NOUN
dem-18451	260	45	of	of	ADP
dem-18451	260	46	economics	economic	NOUN
dem-18451	260	47	and	and	CCONJ
dem-18451	260	48	statistics	statistic	NOUN
dem-18451	260	49	,	,	PUNCT
dem-18451	260	50	52	52	NUM
dem-18451	260	51	,	,	PUNCT
dem-18451	260	52	169–210	169–210	NUM
dem-18451	260	53	,	,	PUNCT
dem-18451	260	54	doi	doi	NOUN
dem-18451	260	55	:	:	PUNCT
dem-18451	260	56	http://dx.doi.org/10.1111/j.1468-0084.1990.mp52002003.x	http://dx.doi.org/10.1111/j.1468-0084.1990.mp52002003.x	PROPN
dem-18451	260	57	.	.	PUNCT
dem-18451	260	58	kasa	kasa	PROPN
dem-18451	260	59	,	,	PUNCT
dem-18451	260	60	k.	k.	PROPN
dem-18451	260	61	(	(	PUNCT
dem-18451	260	62	1992	1992	NUM
dem-18451	260	63	)	)	PUNCT
dem-18451	260	64	,	,	PUNCT
dem-18451	260	65	common	common	ADJ
dem-18451	260	66	stochastic	stochastic	ADJ
dem-18451	260	67	trends	trend	NOUN
dem-18451	260	68	in	in	ADP
dem-18451	260	69	international	international	ADJ
dem-18451	260	70	stock	stock	NOUN
dem-18451	260	71	markets	market	NOUN
dem-18451	260	72	,	,	PUNCT
dem-18451	260	73	journal	journal	NOUN
dem-18451	260	74	of	of	ADP
dem-18451	260	75	monetary	monetary	ADJ
dem-18451	260	76	economics	economic	NOUN
dem-18451	260	77	,	,	PUNCT
dem-18451	260	78	29(1	29(1	NUM
dem-18451	260	79	)	)	PUNCT
dem-18451	260	80	,	,	PUNCT
dem-18451	260	81	95–124	95–124	PROPN
dem-18451	260	82	,	,	PUNCT
dem-18451	260	83	doi	doi	NOUN
dem-18451	260	84	:	:	PUNCT
dem-18451	260	85	http://dx.doi.org/10.1016/0304-3932(92)90025-w	http://dx.doi.org/10.1016/0304-3932(92)90025-w	X
dem-18451	260	86	.	.	PUNCT
dem-18451	261	1	levin	levin	PROPN
dem-18451	261	2	,	,	PUNCT
dem-18451	261	3	e.	e.	PROPN
dem-18451	261	4	j.	j.	PROPN
dem-18451	261	5	,	,	PUNCT
dem-18451	261	6	montagnoli	montagnoli	PROPN
dem-18451	261	7	,	,	PUNCT
dem-18451	261	8	a.	a.	PROPN
dem-18451	261	9	,	,	PUNCT
dem-18451	261	10	wright	wright	PROPN
dem-18451	261	11	,	,	PUNCT
dem-18451	261	12	r.	r.	PROPN
dem-18451	261	13	e.	e.	PROPN
dem-18451	261	14	(	(	PUNCT
dem-18451	261	15	2006	2006	NUM
dem-18451	261	16	)	)	PUNCT
dem-18451	261	17	,	,	PUNCT
dem-18451	261	18	short	short	ADJ
dem-18451	261	19	-	-	PUNCT
dem-18451	261	20	run	run	VERB
dem-18451	261	21	and	and	CCONJ
dem-18451	261	22	long	long	ADV
dem-18451	261	23	-	-	PUNCT
dem-18451	261	24	run	run	VERB
dem-18451	261	25	determinants	determinant	NOUN
dem-18451	261	26	of	of	ADP
dem-18451	261	27	the	the	DET
dem-18451	261	28	price	price	NOUN
dem-18451	261	29	of	of	ADP
dem-18451	261	30	gold	gold	NOUN
dem-18451	261	31	.	.	PUNCT
dem-18451	262	1	mishra	mishra	PROPN
dem-18451	262	2	,	,	PUNCT
dem-18451	262	3	p.	p.	PROPN
dem-18451	262	4	k.	k.	PROPN
dem-18451	262	5	,	,	PUNCT
dem-18451	262	6	das	das	PROPN
dem-18451	262	7	,	,	PUNCT
dem-18451	262	8	j.	j.	PROPN
dem-18451	262	9	r.	r.	PROPN
dem-18451	262	10	,	,	PUNCT
dem-18451	262	11	mishra	mishra	PROPN
dem-18451	262	12	,	,	PUNCT
dem-18451	262	13	s.	s.	PROPN
dem-18451	262	14	k.	k.	PROPN
dem-18451	262	15	(	(	PUNCT
dem-18451	262	16	2010	2010	NUM
dem-18451	262	17	)	)	PUNCT
dem-18451	262	18	,	,	PUNCT
dem-18451	262	19	gold	gold	NOUN
dem-18451	262	20	price	price	NOUN
dem-18451	262	21	volatility	volatility	NOUN
dem-18451	262	22	andstock	andstock	NOUN
dem-18451	262	23	market	market	NOUN
dem-18451	262	24	returns	return	NOUN
dem-18451	262	25	in	in	ADP
dem-18451	262	26	india	india	PROPN
dem-18451	262	27	.	.	PUNCT
dem-18451	263	1	american	american	PROPN
dem-18451	263	2	journal	journal	PROPN
dem-18451	263	3	of	of	ADP
dem-18451	263	4	scientific	scientific	ADJ
dem-18451	263	5	research	research	NOUN
dem-18451	263	6	,	,	PUNCT
dem-18451	263	7	9(9	9(9	NUM
dem-18451	263	8	)	)	PUNCT
dem-18451	263	9	,	,	PUNCT
dem-18451	263	10	47–55	47–55	NUM
dem-18451	263	11	.	.	PUNCT
dem-18451	264	1	moore	moore	PROPN
dem-18451	264	2	,	,	PUNCT
dem-18451	264	3	g.	g.	PROPN
dem-18451	264	4	h.	h.	PROPN
dem-18451	264	5	(	(	PUNCT
dem-18451	264	6	1990	1990	NUM
dem-18451	264	7	)	)	PUNCT
dem-18451	264	8	,	,	PUNCT
dem-18451	264	9	analysis	analysis	NOUN
dem-18451	264	10	:	:	PUNCT
dem-18451	264	11	gold	gold	NOUN
dem-18451	264	12	prices	price	NOUN
dem-18451	264	13	and	and	CCONJ
dem-18451	264	14	a	a	DET
dem-18451	264	15	leading	lead	VERB
dem-18451	264	16	index	index	NOUN
dem-18451	264	17	of	of	ADP
dem-18451	264	18	inflation	inflation	NOUN
dem-18451	264	19	.	.	PUNCT
dem-18451	265	1	challenge	challenge	NOUN
dem-18451	265	2	,	,	PUNCT
dem-18451	265	3	33(4	33(4	NUM
dem-18451	265	4	)	)	PUNCT
dem-18451	265	5	,	,	PUNCT
dem-18451	265	6	52–56	52–56	NUM
dem-18451	265	7	,	,	PUNCT
dem-18451	265	8	doi	doi	NOUN
dem-18451	265	9	:	:	PUNCT
dem-18451	265	10	http://dx.doi.org/10.1080/05775132.1990.11471444	http://dx.doi.org/10.1080/05775132.1990.11471444	PROPN
dem-18451	265	11	.	.	NOUN
dem-18451	265	12	mukherjee	mukherjee	PROPN
dem-18451	265	13	,	,	PUNCT
dem-18451	265	14	t.	t.	PROPN
dem-18451	265	15	k.	k.	PROPN
dem-18451	265	16	,	,	PUNCT
dem-18451	265	17	naka	naka	PROPN
dem-18451	265	18	,	,	PUNCT
dem-18451	265	19	a.	a.	NOUN
dem-18451	265	20	(	(	PUNCT
dem-18451	265	21	1995	1995	NUM
dem-18451	265	22	)	)	PUNCT
dem-18451	265	23	,	,	PUNCT
dem-18451	265	24	dynamic	dynamic	ADJ
dem-18451	265	25	relations	relation	NOUN
dem-18451	265	26	between	between	ADP
dem-18451	265	27	macroeconomic	macroeconomic	ADJ
dem-18451	265	28	variables	variable	NOUN
dem-18451	265	29	and	and	CCONJ
dem-18451	265	30	the	the	DET
dem-18451	265	31	japanese	japanese	ADJ
dem-18451	265	32	stock	stock	NOUN
dem-18451	265	33	market	market	NOUN
dem-18451	265	34	:	:	PUNCT
dem-18451	265	35	an	an	DET
dem-18451	265	36	application	application	NOUN
dem-18451	265	37	of	of	ADP
dem-18451	265	38	a	a	DET
dem-18451	265	39	vector	vector	NOUN
dem-18451	265	40	error	error	NOUN
dem-18451	265	41	correction	correction	NOUN
dem-18451	265	42	model	model	NOUN
dem-18451	265	43	,	,	PUNCT
dem-18451	265	44	journal	journal	NOUN
dem-18451	265	45	of	of	ADP
dem-18451	265	46	financial	financial	ADJ
dem-18451	265	47	research	research	NOUN
dem-18451	265	48	,	,	PUNCT
dem-18451	265	49	18	18	NUM
dem-18451	265	50	,	,	PUNCT
dem-18451	265	51	223–237	223–237	NUM
dem-18451	265	52	,	,	PUNCT
dem-18451	265	53	doi	doi	NOUN
dem-18451	265	54	:	:	PUNCT
dem-18451	265	55	http://dx.doi.org/10.1111/j.1475-6803.1995.tb00563.x	http://dx.doi.org/10.1111/j.1475-6803.1995.tb00563.x	PROPN
dem-18451	265	56	.	.	PUNCT
dem-18451	266	1	ng	ng	PROPN
dem-18451	266	2	,	,	PUNCT
dem-18451	266	3	s.	s.	PROPN
dem-18451	266	4	,	,	PUNCT
dem-18451	266	5	perron	perron	PROPN
dem-18451	266	6	,	,	PUNCT
dem-18451	266	7	p.	p.	NOUN
dem-18451	266	8	(	(	PUNCT
dem-18451	266	9	2001	2001	NUM
dem-18451	266	10	)	)	PUNCT
dem-18451	266	11	,	,	PUNCT
dem-18451	266	12	lag	lag	NOUN
dem-18451	266	13	length	length	NOUN
dem-18451	266	14	selection	selection	NOUN
dem-18451	266	15	and	and	CCONJ
dem-18451	266	16	the	the	DET
dem-18451	266	17	construction	construction	NOUN
dem-18451	266	18	of	of	ADP
dem-18451	266	19	unit	unit	NOUN
dem-18451	266	20	root	root	NOUN
dem-18451	266	21	tests	test	NOUN
dem-18451	266	22	with	with	ADP
dem-18451	266	23	good	good	ADJ
dem-18451	266	24	size	size	NOUN
dem-18451	266	25	and	and	CCONJ
dem-18451	266	26	power	power	NOUN
dem-18451	266	27	.	.	PUNCT
dem-18451	267	1	econometrica	econometrica	PROPN
dem-18451	267	2	,	,	PUNCT
dem-18451	267	3	69(6	69(6	NUM
dem-18451	267	4	)	)	PUNCT
dem-18451	267	5	,	,	PUNCT
dem-18451	267	6	1519–1554	1519–1554	NUM
dem-18451	267	7	,	,	PUNCT
dem-18451	267	8	doi	doi	NOUN
dem-18451	267	9	:	:	PUNCT
dem-18451	267	10	https://www.jstor.org/stable/2692266	https://www.jstor.org/stable/2692266	NOUN
dem-18451	267	11	.	.	PUNCT
dem-18451	268	1	nieh	nieh	PROPN
dem-18451	268	2	,	,	PUNCT
dem-18451	268	3	c.	c.	PROPN
dem-18451	268	4	c.	c.	PROPN
dem-18451	268	5	,	,	PUNCT
dem-18451	268	6	lee	lee	PROPN
dem-18451	268	7	,	,	PUNCT
dem-18451	268	8	c.	c.	PROPN
dem-18451	268	9	f.	f.	PROPN
dem-18451	268	10	(	(	PUNCT
dem-18451	268	11	2001	2001	NUM
dem-18451	268	12	)	)	PUNCT
dem-18451	268	13	,	,	PUNCT
dem-18451	268	14	dynamic	dynamic	ADJ
dem-18451	268	15	relationship	relationship	NOUN
dem-18451	268	16	between	between	ADP
dem-18451	268	17	stock	stock	NOUN
dem-18451	268	18	prices	price	NOUN
dem-18451	268	19	and	and	CCONJ
dem-18451	268	20	exchange	exchange	NOUN
dem-18451	268	21	rates	rate	NOUN
dem-18451	268	22	for	for	ADP
dem-18451	268	23	g-7	g-7	NOUN
dem-18451	268	24	countries	country	NOUN
dem-18451	268	25	,	,	PUNCT
dem-18451	268	26	the	the	DET
dem-18451	268	27	quarterly	quarterly	ADJ
dem-18451	268	28	review	review	NOUN
dem-18451	268	29	of	of	ADP
dem-18451	268	30	economics	economic	NOUN
dem-18451	268	31	and	and	CCONJ
dem-18451	268	32	finance	finance	NOUN
dem-18451	268	33	,	,	PUNCT
dem-18451	268	34	41(4	41(4	NUM
dem-18451	268	35	)	)	PUNCT
dem-18451	268	36	,	,	PUNCT
dem-18451	268	37	477–490	477–490	NUM
dem-18451	268	38	,	,	PUNCT
dem-18451	268	39	doi	doi	NOUN
dem-18451	268	40	:	:	PUNCT
dem-18451	268	41	http://dx.doi.org/10.1016/s1062-9769(01)00085-0	http://dx.doi.org/10.1016/s1062-9769(01)00085-0	NOUN
dem-18451	268	42	.	.	PUNCT
dem-18451	269	1	osińska	osińska	NOUN
dem-18451	269	2	,	,	PUNCT
dem-18451	269	3	m.	m.	NOUN
dem-18451	269	4	(	(	PUNCT
dem-18451	269	5	2011	2011	NUM
dem-18451	269	6	)	)	PUNCT
dem-18451	269	7	,	,	PUNCT
dem-18451	269	8	on	on	ADP
dem-18451	269	9	the	the	DET
dem-18451	269	10	interpretation	interpretation	NOUN
dem-18451	269	11	of	of	ADP
dem-18451	269	12	causality	causality	NOUN
dem-18451	269	13	in	in	ADP
dem-18451	269	14	granger	granger	PROPN
dem-18451	269	15	sense	sense	NOUN
dem-18451	269	16	,	,	PUNCT
dem-18451	269	17	dynamic	dynamic	ADJ
dem-18451	269	18	econometric	econometric	ADJ
dem-18451	269	19	models	model	NOUN
dem-18451	269	20	,	,	PUNCT
dem-18451	269	21	11	11	NUM
dem-18451	269	22	,	,	PUNCT
dem-18451	269	23	129	129	NUM
dem-18451	269	24	-	-	SYM
dem-18451	269	25	140	140	NUM
dem-18451	269	26	,	,	PUNCT
dem-18451	269	27	doi	doi	NOUN
dem-18451	269	28	:	:	PUNCT
dem-18451	269	29	http://dx.doi.org/10.12775/dem.2011.009	http://dx.doi.org/10.12775/dem.2011.009	NOUN
dem-18451	269	30	.	.	PUNCT
dem-18451	270	1	pilinkus	pilinkus	PROPN
dem-18451	270	2	,	,	PUNCT
dem-18451	270	3	d.	d.	PROPN
dem-18451	270	4	,	,	PUNCT
dem-18451	270	5	boguslauskas	boguslauskas	VERB
dem-18451	270	6	,	,	PUNCT
dem-18451	270	7	v.	v.	PROPN
dem-18451	270	8	(	(	PUNCT
dem-18451	270	9	2009	2009	NUM
dem-18451	270	10	)	)	PUNCT
dem-18451	270	11	,	,	PUNCT
dem-18451	270	12	the	the	DET
dem-18451	270	13	short	short	ADJ
dem-18451	270	14	-	-	PUNCT
dem-18451	270	15	run	run	NOUN
dem-18451	270	16	relationship	relationship	NOUN
dem-18451	270	17	between	between	ADP
dem-18451	270	18	stock	stock	NOUN
dem-18451	270	19	market	market	NOUN
dem-18451	270	20	prices	price	NOUN
dem-18451	270	21	and	and	CCONJ
dem-18451	270	22	macroeconomic	macroeconomic	ADJ
dem-18451	270	23	variables	variable	NOUN
dem-18451	270	24	in	in	ADP
dem-18451	270	25	lithuania	lithuania	PROPN
dem-18451	270	26	:	:	PUNCT
dem-18451	270	27	an	an	DET
dem-18451	270	28	application	application	NOUN
dem-18451	270	29	of	of	ADP
dem-18451	270	30	the	the	DET
dem-18451	270	31	impulse	impulse	ADJ
dem-18451	270	32	response	response	NOUN
dem-18451	270	33	function	function	NOUN
dem-18451	270	34	.	.	PUNCT
dem-18451	271	1	engineering	engineering	NOUN
dem-18451	271	2	economics	economic	NOUN
dem-18451	271	3	,	,	PUNCT
dem-18451	271	4	65(5	65(5	NUM
dem-18451	271	5	)	)	PUNCT
dem-18451	271	6	.	.	PUNCT
dem-18451	272	1	raihan	raihan	PROPN
dem-18451	272	2	,	,	PUNCT
dem-18451	272	3	s.	s.	PROPN
dem-18451	272	4	,	,	PUNCT
dem-18451	272	5	abdullah	abdullah	PROPN
dem-18451	272	6	,	,	PUNCT
dem-18451	272	7	s.	s.	PROPN
dem-18451	272	8	m.	m.	PROPN
dem-18451	272	9	,	,	PUNCT
dem-18451	272	10	barkat	barkat	PROPN
dem-18451	272	11	,	,	PUNCT
dem-18451	272	12	a.	a.	NOUN
dem-18451	272	13	,	,	PUNCT
dem-18451	272	14	siddiqua	siddiqua	NOUN
dem-18451	272	15	,	,	PUNCT
dem-18451	272	16	s.	s.	PROPN
dem-18451	272	17	(	(	PUNCT
dem-18451	272	18	2017	2017	NUM
dem-18451	272	19	)	)	PUNCT
dem-18451	272	20	,	,	PUNCT
dem-18451	272	21	mean	mean	VERB
dem-18451	272	22	reversion	reversion	NOUN
dem-18451	272	23	of	of	ADP
dem-18451	272	24	the	the	DET
dem-18451	272	25	real	real	ADJ
dem-18451	272	26	exchange	exchange	NOUN
dem-18451	272	27	rate	rate	NOUN
dem-18451	272	28	and	and	CCONJ
dem-18451	272	29	the	the	DET
dem-18451	272	30	validity	validity	NOUN
dem-18451	272	31	of	of	ADP
dem-18451	272	32	ppp	ppp	PROPN
dem-18451	272	33	hypothesis	hypothesis	NOUN
dem-18451	272	34	in	in	ADP
dem-18451	272	35	the	the	DET
dem-18451	272	36	context	context	NOUN
dem-18451	272	37	of	of	ADP
dem-18451	272	38	bangladesh	bangladesh	NOUN
dem-18451	272	39	:	:	PUNCT
dem-18451	272	40	a	a	DET
dem-18451	272	41	holistic	holistic	ADJ
dem-18451	272	42	approach	approach	NOUN
dem-18451	272	43	.	.	PUNCT
dem-18451	273	1	ratanapakorn	ratanapakorn	ADJ
dem-18451	273	2	,	,	PUNCT
dem-18451	273	3	o.	o.	PROPN
dem-18451	273	4	,	,	PUNCT
dem-18451	273	5	sharma	sharma	PROPN
dem-18451	273	6	,	,	PUNCT
dem-18451	273	7	s.	s.	PROPN
dem-18451	273	8	c.	c.	PROPN
dem-18451	273	9	(	(	PUNCT
dem-18451	273	10	2007	2007	NUM
dem-18451	273	11	)	)	PUNCT
dem-18451	273	12	,	,	PUNCT
dem-18451	273	13	dynamic	dynamic	ADJ
dem-18451	273	14	analysis	analysis	NOUN
dem-18451	273	15	between	between	ADP
dem-18451	273	16	the	the	DET
dem-18451	273	17	us	us	PROPN
dem-18451	273	18	stock	stock	NOUN
dem-18451	273	19	returns	return	NOUN
dem-18451	273	20	and	and	CCONJ
dem-18451	273	21	the	the	DET
dem-18451	273	22	macroeconomic	macroeconomic	ADJ
dem-18451	273	23	variables	variable	NOUN
dem-18451	273	24	,	,	PUNCT
dem-18451	273	25	applied	apply	VERB
dem-18451	273	26	financial	financial	ADJ
dem-18451	273	27	economics	economic	NOUN
dem-18451	273	28	,	,	PUNCT
dem-18451	273	29	17(5	17(5	NUM
dem-18451	273	30	)	)	PUNCT
dem-18451	273	31	,	,	PUNCT
dem-18451	273	32	369–377	369–377	NUM
dem-18451	273	33	,	,	PUNCT
dem-18451	273	34	doi	doi	NOUN
dem-18451	273	35	:	:	PUNCT
dem-18451	273	36	http://dx.doi.org/10.1080/09603100600638944	http://dx.doi.org/10.1080/09603100600638944	PROPN
dem-18451	273	37	.	.	PUNCT
dem-18451	274	1	serletis	serletis	PROPN
dem-18451	274	2	,	,	PUNCT
dem-18451	274	3	a.	a.	NOUN
dem-18451	274	4	,	,	PUNCT
dem-18451	274	5	king	king	NOUN
dem-18451	274	6	,	,	PUNCT
dem-18451	274	7	m.	m.	NOUN
dem-18451	274	8	(	(	PUNCT
dem-18451	274	9	1997	1997	NUM
dem-18451	274	10	)	)	PUNCT
dem-18451	274	11	,	,	PUNCT
dem-18451	274	12	common	common	ADJ
dem-18451	274	13	stochastic	stochastic	ADJ
dem-18451	274	14	trends	trend	NOUN
dem-18451	274	15	and	and	CCONJ
dem-18451	274	16	convergence	convergence	NOUN
dem-18451	274	17	of	of	ADP
dem-18451	274	18	european	european	PROPN
dem-18451	274	19	union	union	PROPN
dem-18451	274	20	stock	stock	NOUN
dem-18451	274	21	markets	market	NOUN
dem-18451	274	22	.	.	PUNCT
dem-18451	275	1	the	the	DET
dem-18451	275	2	manchester	manchester	PROPN
dem-18451	275	3	school	school	PROPN
dem-18451	275	4	,	,	PUNCT
dem-18451	275	5	65(1	65(1	NOUN
dem-18451	275	6	)	)	PUNCT
dem-18451	275	7	,	,	PUNCT
dem-18451	275	8	44–57	44–57	NUM
dem-18451	275	9	,	,	PUNCT
dem-18451	275	10	doi	doi	NOUN
dem-18451	275	11	:	:	PUNCT
dem-18451	275	12	http://dx.doi.org/10.1111/1467-9957.00042	http://dx.doi.org/10.1111/1467-9957.00042	PROPN
dem-18451	275	13	.	.	PROPN
dem-18451	275	14	smith	smith	PROPN
dem-18451	275	15	,	,	PUNCT
dem-18451	275	16	g.	g.	PROPN
dem-18451	275	17	(	(	PUNCT
dem-18451	275	18	2001	2001	NUM
dem-18451	275	19	)	)	PUNCT
dem-18451	275	20	,	,	PUNCT
dem-18451	275	21	the	the	DET
dem-18451	275	22	price	price	NOUN
dem-18451	275	23	of	of	ADP
dem-18451	275	24	gold	gold	NOUN
dem-18451	275	25	and	and	CCONJ
dem-18451	275	26	stock	stock	NOUN
dem-18451	275	27	price	price	NOUN
dem-18451	275	28	indices	index	NOUN
dem-18451	275	29	for	for	ADP
dem-18451	275	30	the	the	DET
dem-18451	275	31	united	united	PROPN
dem-18451	275	32	states	states	PROPN
dem-18451	275	33	,	,	PUNCT
dem-18451	275	34	the	the	DET
dem-18451	275	35	world	world	NOUN
dem-18451	275	36	gold	gold	PROPN
dem-18451	275	37	council	council	PROPN
dem-18451	275	38	,	,	PUNCT
dem-18451	275	39	8(1	8(1	NOUN
dem-18451	275	40	)	)	PUNCT
dem-18451	275	41	,	,	PUNCT
dem-18451	275	42	1–16	1–16	PROPN
dem-18451	275	43	.	.	PUNCT
dem-18451	276	1	smyth	smyth	PROPN
dem-18451	276	2	,	,	PUNCT
dem-18451	276	3	r.	r.	PROPN
dem-18451	276	4	,	,	PUNCT
dem-18451	276	5	nandha	nandha	NOUN
dem-18451	276	6	,	,	PUNCT
dem-18451	276	7	m.	m.	NOUN
dem-18451	276	8	(	(	PUNCT
dem-18451	276	9	2003	2003	NUM
dem-18451	276	10	)	)	PUNCT
dem-18451	276	11	,	,	PUNCT
dem-18451	276	12	bivariate	bivariate	ADJ
dem-18451	276	13	causality	causality	NOUN
dem-18451	276	14	between	between	ADP
dem-18451	276	15	exchange	exchange	NOUN
dem-18451	276	16	rates	rate	NOUN
dem-18451	276	17	and	and	CCONJ
dem-18451	276	18	stock	stock	NOUN
dem-18451	276	19	prices	price	NOUN
dem-18451	276	20	in	in	ADP
dem-18451	276	21	south	south	PROPN
dem-18451	276	22	asia	asia	PROPN
dem-18451	276	23	.	.	PUNCT
dem-18451	277	1	applied	apply	VERB
dem-18451	277	2	economics	economic	NOUN
dem-18451	277	3	letters	letter	NOUN
dem-18451	277	4	,	,	PUNCT
dem-18451	277	5	10(11	10(11	NUM
dem-18451	277	6	)	)	PUNCT
dem-18451	277	7	,	,	PUNCT
dem-18451	277	8	699–704	699–704	NUM
dem-18451	277	9	,	,	PUNCT
dem-18451	277	10	doi	doi	NOUN
dem-18451	277	11	:	:	PUNCT
dem-18451	277	12	http://dx.doi.org/10.1080/1350485032000133282	http://dx.doi.org/10.1080/1350485032000133282	PROPN
dem-18451	277	13	.	.	PUNCT
dem-18451	278	1	srinivasan	srinivasan	NOUN
dem-18451	278	2	,	,	PUNCT
dem-18451	278	3	p.	p.	NOUN
dem-18451	278	4	(	(	PUNCT
dem-18451	278	5	2014	2014	NUM
dem-18451	278	6	)	)	PUNCT
dem-18451	278	7	,	,	PUNCT
dem-18451	278	8	gold	gold	NOUN
dem-18451	278	9	price	price	NOUN
dem-18451	278	10	,	,	PUNCT
dem-18451	278	11	stock	stock	NOUN
dem-18451	278	12	price	price	NOUN
dem-18451	278	13	and	and	CCONJ
dem-18451	278	14	exchange	exchange	NOUN
dem-18451	278	15	rate	rate	NOUN
dem-18451	278	16	nexus	nexus	NOUN
dem-18451	278	17	:	:	PUNCT
dem-18451	278	18	the	the	DET
dem-18451	278	19	case	case	NOUN
dem-18451	278	20	of	of	ADP
dem-18451	278	21	india	india	PROPN
dem-18451	278	22	.	.	PUNCT
dem-18451	279	1	romanian	romanian	ADJ
dem-18451	279	2	economic	economic	ADJ
dem-18451	279	3	journal	journal	PROPN
dem-18451	279	4	,	,	PUNCT
dem-18451	279	5	17(52	17(52	NUM
dem-18451	279	6	)	)	PUNCT
dem-18451	279	7	.	.	PUNCT
dem-18451	280	1	sujit	sujit	PROPN
dem-18451	280	2	,	,	PUNCT
dem-18451	280	3	k.	k.	PROPN
dem-18451	280	4	s.	s.	PROPN
dem-18451	280	5	,	,	PUNCT
dem-18451	280	6	kumar	kumar	PROPN
dem-18451	280	7	,	,	PUNCT
dem-18451	280	8	b.	b.	PROPN
dem-18451	280	9	r.	r.	PROPN
dem-18451	280	10	(	(	PUNCT
dem-18451	280	11	2011	2011	NUM
dem-18451	280	12	)	)	PUNCT
dem-18451	280	13	,	,	PUNCT
dem-18451	280	14	study	study	VERB
dem-18451	280	15	on	on	ADP
dem-18451	280	16	dynamic	dynamic	ADJ
dem-18451	280	17	relationship	relationship	NOUN
dem-18451	280	18	among	among	ADP
dem-18451	280	19	gold	gold	NOUN
dem-18451	280	20	price	price	NOUN
dem-18451	280	21	,	,	PUNCT
dem-18451	280	22	oil	oil	NOUN
dem-18451	280	23	price	price	NOUN
dem-18451	280	24	,	,	PUNCT
dem-18451	280	25	exchange	exchange	NOUN
dem-18451	280	26	rate	rate	NOUN
dem-18451	280	27	and	and	CCONJ
dem-18451	280	28	stock	stock	NOUN
dem-18451	280	29	market	market	NOUN
dem-18451	280	30	returns	return	NOUN
dem-18451	280	31	.	.	PUNCT
dem-18451	281	1	international	international	ADJ
dem-18451	281	2	journal	journal	PROPN
dem-18451	281	3	of	of	ADP
dem-18451	281	4	applied	apply	VERB
dem-18451	281	5	business	business	NOUN
dem-18451	281	6	and	and	CCONJ
dem-18451	281	7	economic	economic	ADJ
dem-18451	281	8	research	research	NOUN
dem-18451	281	9	,	,	PUNCT
dem-18451	281	10	9(2	9(2	NUM
dem-18451	281	11	)	)	PUNCT
dem-18451	281	12	,	,	PUNCT
dem-18451	281	13	145–165	145–165	NUM
dem-18451	281	14	.	.	PUNCT
dem-18451	282	1	syczewska	syczewska	PROPN
dem-18451	282	2	,	,	PUNCT
dem-18451	282	3	e.	e.	PROPN
dem-18451	282	4	m.	m.	PROPN
dem-18451	282	5	(	(	PUNCT
dem-18451	282	6	2014	2014	NUM
dem-18451	282	7	)	)	PUNCT
dem-18451	282	8	,	,	PUNCT
dem-18451	282	9	the	the	DET
dem-18451	282	10	eurpln	eurpln	NOUN
dem-18451	282	11	,	,	PUNCT
dem-18451	282	12	dax	dax	PROPN
dem-18451	282	13	and	and	CCONJ
dem-18451	282	14	wig20	wig20	PROPN
dem-18451	282	15	:	:	PUNCT
dem-18451	282	16	the	the	DET
dem-18451	282	17	granger	granger	PROPN
dem-18451	282	18	causality	causality	NOUN
dem-18451	282	19	tests	test	VERB
dem-18451	282	20	before	before	ADP
dem-18451	282	21	and	and	CCONJ
dem-18451	282	22	during	during	ADP
dem-18451	282	23	the	the	DET
dem-18451	282	24	crisis	crisis	NOUN
dem-18451	282	25	,	,	PUNCT
dem-18451	282	26	dynamic	dynamic	ADJ
dem-18451	282	27	econometric	econometric	ADJ
dem-18451	282	28	models	model	NOUN
dem-18451	282	29	,	,	PUNCT
dem-18451	282	30	14	14	NUM
dem-18451	282	31	,	,	PUNCT
dem-18451	282	32	93–104	93–104	PROPN
dem-18451	282	33	,	,	PUNCT
dem-18451	282	34	doi	doi	PROPN
dem-18451	282	35	:	:	PUNCT
dem-18451	282	36	http://dx.doi.org/10.12775/dem.2014.005	http://dx.doi.org/10.12775/dem.2014.005	PROPN
dem-18451	282	37	.	.	PUNCT
dem-18451	283	1	an	an	DET
dem-18451	283	2	enquiry	enquiry	NOUN
dem-18451	283	3	into	into	ADP
dem-18451	283	4	the	the	DET
dem-18451	283	5	effect	effect	NOUN
dem-18451	283	6	of	of	ADP
dem-18451	283	7	the	the	DET
dem-18451	283	8	interest	interest	NOUN
dem-18451	283	9	rate	rate	NOUN
dem-18451	283	10	,	,	PUNCT
dem-18451	283	11	gold	gold	NOUN
dem-18451	283	12	price	price	NOUN
dem-18451	283	13	,	,	PUNCT
dem-18451	283	14	and	and	CCONJ
dem-18451	283	15	the	the	DET
dem-18451	283	16	exchange	exchange	NOUN
dem-18451	283	17	…	…	SYM
dem-18451	283	18	dynamic	dynamic	ADJ
dem-18451	283	19	econometric	econometric	ADJ
dem-18451	283	20	models	model	NOUN
dem-18451	283	21	18	18	NUM
dem-18451	283	22	(	(	PUNCT
dem-18451	283	23	2018	2018	NUM
dem-18451	283	24	)	)	PUNCT
dem-18451	283	25	49–65	49–65	NUM
dem-18451	283	26	65	65	NUM
dem-18451	283	27	tsoukalas	tsoukalas	PROPN
dem-18451	283	28	,	,	PUNCT
dem-18451	283	29	d.	d.	PROPN
dem-18451	283	30	(	(	PUNCT
dem-18451	283	31	2003	2003	NUM
dem-18451	283	32	)	)	PUNCT
dem-18451	283	33	,	,	PUNCT
dem-18451	283	34	macroeconomic	macroeconomic	ADJ
dem-18451	283	35	factors	factor	NOUN
dem-18451	283	36	and	and	CCONJ
dem-18451	283	37	stock	stock	NOUN
dem-18451	283	38	prices	price	NOUN
dem-18451	283	39	in	in	ADP
dem-18451	283	40	the	the	DET
dem-18451	283	41	emerging	emerge	VERB
dem-18451	283	42	cypriot	cypriot	ADJ
dem-18451	283	43	equity	equity	NOUN
dem-18451	283	44	market	market	NOUN
dem-18451	283	45	,	,	PUNCT
dem-18451	283	46	managerial	managerial	ADJ
dem-18451	283	47	finance	finance	NOUN
dem-18451	283	48	,	,	PUNCT
dem-18451	283	49	29(4	29(4	NOUN
dem-18451	283	50	)	)	PUNCT
dem-18451	283	51	,	,	PUNCT
dem-18451	283	52	87–92	87–92	NUM
dem-18451	283	53	,	,	PUNCT
dem-18451	283	54	doi	doi	NOUN
dem-18451	283	55	:	:	PUNCT
dem-18451	283	56	http://dx.doi.org/10.1108/03074350310768300	http://dx.doi.org/10.1108/03074350310768300	NOUN
dem-18451	283	57	.	.	PUNCT
dem-18451	284	1	tursoy	tursoy	ADJ
dem-18451	284	2	,	,	PUNCT
dem-18451	284	3	t.	t.	PROPN
dem-18451	284	4	,	,	PUNCT
dem-18451	284	5	gunsel	gunsel	PROPN
dem-18451	284	6	,	,	PUNCT
dem-18451	284	7	n.	n.	PROPN
dem-18451	284	8	,	,	PUNCT
dem-18451	284	9	rjoub	rjoub	PROPN
dem-18451	284	10	,	,	PUNCT
dem-18451	284	11	h.	h.	PROPN
dem-18451	284	12	(	(	PUNCT
dem-18451	284	13	2008	2008	NUM
dem-18451	284	14	)	)	PUNCT
dem-18451	284	15	.	.	PUNCT
dem-18451	285	1	macroeconomic	macroeconomic	ADJ
dem-18451	285	2	factors	factor	NOUN
dem-18451	285	3	,	,	PUNCT
dem-18451	285	4	the	the	DET
dem-18451	285	5	apt	apt	ADJ
dem-18451	285	6	and	and	CCONJ
dem-18451	285	7	the	the	DET
dem-18451	285	8	istanbul	istanbul	PROPN
dem-18451	285	9	stock	stock	NOUN
dem-18451	285	10	market	market	NOUN
dem-18451	285	11	.	.	PUNCT
dem-18451	286	1	international	international	ADJ
dem-18451	286	2	research	research	PROPN
dem-18451	286	3	journal	journal	NOUN
dem-18451	286	4	of	of	ADP
dem-18451	286	5	finance	finance	NOUN
dem-18451	286	6	and	and	CCONJ
dem-18451	286	7	economics	economic	NOUN
dem-18451	286	8	,	,	PUNCT
dem-18451	286	9	22	22	NUM
dem-18451	286	10	,	,	PUNCT
dem-18451	286	11	49–57	49–57	NUM
dem-18451	286	12	.	.	PUNCT
dem-18451	287	1	upadhyaya	upadhyaya	PROPN
dem-18451	287	2	,	,	PUNCT
dem-18451	287	3	k.	k.	PROPN
dem-18451	288	1	p.	p.	PROPN
dem-18451	288	2	,	,	PUNCT
dem-18451	288	3	nag	nag	VERB
dem-18451	288	4	,	,	PUNCT
dem-18451	288	5	r.	r.	PROPN
dem-18451	288	6	,	,	PUNCT
dem-18451	288	7	mixon	mixon	PROPN
dem-18451	288	8	jr	jr	PROPN
dem-18451	288	9	,	,	PUNCT
dem-18451	288	10	f.	f.	PROPN
dem-18451	288	11	g.	g.	PROPN
dem-18451	288	12	(	(	PUNCT
dem-18451	288	13	2018	2018	NUM
dem-18451	288	14	)	)	PUNCT
dem-18451	288	15	.	.	PUNCT
dem-18451	289	1	stock	stock	NOUN
dem-18451	289	2	market	market	NOUN
dem-18451	289	3	capitalization	capitalization	NOUN
dem-18451	289	4	and	and	CCONJ
dem-18451	289	5	the	the	DET
dem-18451	289	6	macroeconomics	macroeconomic	NOUN
dem-18451	289	7	of	of	ADP
dem-18451	289	8	transition	transition	NOUN
dem-18451	289	9	economies	economy	NOUN
dem-18451	289	10	:	:	PUNCT
dem-18451	289	11	the	the	DET
dem-18451	289	12	case	case	NOUN
dem-18451	289	13	of	of	ADP
dem-18451	289	14	india	india	PROPN
dem-18451	289	15	.	.	PUNCT
dem-18451	290	1	dynamic	dynamic	ADJ
dem-18451	290	2	econometric	econometric	ADJ
dem-18451	290	3	models	model	NOUN
dem-18451	290	4	,	,	PUNCT
dem-18451	290	5	18	18	NUM
dem-18451	290	6	,	,	PUNCT
dem-18451	290	7	35–47	35–47	NUM
dem-18451	290	8	,	,	PUNCT
dem-18451	290	9	doi	doi	NOUN
dem-18451	290	10	:	:	PUNCT
dem-18451	290	11	http://dx.doi.org/10.12775/dem.2018.002	http://dx.doi.org/10.12775/dem.2018.002	NOUN
dem-18451	290	12	.	.	PUNCT
dem-18451	291	1	vygodina	vygodina	PROPN
dem-18451	291	2	,	,	PUNCT
dem-18451	291	3	a.	a.	NOUN
dem-18451	291	4	v.	v.	PROPN
dem-18451	291	5	(	(	PUNCT
dem-18451	291	6	2006	2006	NUM
dem-18451	291	7	)	)	PUNCT
dem-18451	291	8	,	,	PUNCT
dem-18451	291	9	effects	effect	NOUN
dem-18451	291	10	of	of	ADP
dem-18451	291	11	size	size	NOUN
dem-18451	291	12	and	and	CCONJ
dem-18451	291	13	international	international	ADJ
dem-18451	291	14	exposure	exposure	NOUN
dem-18451	291	15	of	of	ADP
dem-18451	291	16	the	the	DET
dem-18451	291	17	us	us	PROPN
dem-18451	291	18	firms	firm	NOUN
dem-18451	291	19	on	on	ADP
dem-18451	291	20	the	the	DET
dem-18451	291	21	relationship	relationship	NOUN
dem-18451	291	22	between	between	ADP
dem-18451	291	23	stock	stock	NOUN
dem-18451	291	24	prices	price	NOUN
dem-18451	291	25	and	and	CCONJ
dem-18451	291	26	exchange	exchange	NOUN
dem-18451	291	27	rates	rate	NOUN
dem-18451	291	28	.	.	PUNCT
dem-18451	292	1	global	global	ADJ
dem-18451	292	2	finance	finance	PROPN
dem-18451	292	3	journal	journal	PROPN
dem-18451	292	4	,	,	PUNCT
dem-18451	292	5	17(2	17(2	NUM
dem-18451	292	6	)	)	PUNCT
dem-18451	292	7	,	,	PUNCT
dem-18451	292	8	214–223	214–223	NUM
dem-18451	292	9	,	,	PUNCT
dem-18451	292	10	doi	doi	NOUN
dem-18451	292	11	:	:	PUNCT
dem-18451	292	12	http://dx.doi.org/10.1016/j.gfj.2006.05.001	http://dx.doi.org/10.1016/j.gfj.2006.05.001	PROPN
dem-18451	292	13	.	.	PUNCT
dem-18451	293	1	wongbangpo	wongbangpo	NOUN
dem-18451	293	2	,	,	PUNCT
dem-18451	293	3	p.	p.	NOUN
dem-18451	293	4	,	,	PUNCT
dem-18451	293	5	sharma	sharma	PROPN
dem-18451	293	6	,	,	PUNCT
dem-18451	293	7	s.	s.	PROPN
dem-18451	293	8	c.	c.	PROPN
dem-18451	293	9	(	(	PUNCT
dem-18451	293	10	2002	2002	NUM
dem-18451	293	11	)	)	PUNCT
dem-18451	293	12	,	,	PUNCT
dem-18451	293	13	stock	stock	NOUN
dem-18451	293	14	market	market	NOUN
dem-18451	293	15	and	and	CCONJ
dem-18451	293	16	macroeconomic	macroeconomic	ADJ
dem-18451	293	17	fundamental	fundamental	ADJ
dem-18451	293	18	dynamic	dynamic	ADJ
dem-18451	293	19	interaction	interaction	NOUN
dem-18451	293	20	:	:	PUNCT
dem-18451	293	21	asean-5	asean-5	NUM
dem-18451	293	22	countries	country	NOUN
dem-18451	293	23	,	,	PUNCT
dem-18451	293	24	journal	journal	NOUN
dem-18451	293	25	of	of	ADP
dem-18451	293	26	asian	asian	ADJ
dem-18451	293	27	economics	economic	NOUN
dem-18451	293	28	,	,	PUNCT
dem-18451	293	29	13	13	NUM
dem-18451	293	30	,	,	PUNCT
dem-18451	293	31	27–51	27–51	NUM
dem-18451	293	32	,	,	PUNCT
dem-18451	293	33	doi	doi	NOUN
dem-18451	293	34	:	:	PUNCT
dem-18451	293	35	http://dx.doi.org/10.1016/s1049-0078(01)00111-7	http://dx.doi.org/10.1016/s1049-0078(01)00111-7	PROPN
dem-18451	293	36	.	.	PUNCT
dem-18451	294	1	wooldridge	wooldridge	PROPN
dem-18451	294	2	,	,	PUNCT
dem-18451	294	3	m.	m.	NOUN
dem-18451	294	4	(	(	PUNCT
dem-18451	294	5	2011	2011	NUM
dem-18451	294	6	)	)	PUNCT
dem-18451	294	7	.	.	PUNCT
dem-18451	295	1	modern	modern	ADJ
dem-18451	295	2	econometrics	econometric	NOUN
dem-18451	295	3	.	.	PUNCT
dem-18451	296	1	mcgraw	mcgraw	PROPN
dem-18451	296	2	hill	hill	PROPN
dem-18451	296	3	.	.	PUNCT