id	sid	tid	token	lemma	pos
dem-2904	1	1	microsoft	microsoft	PROPN
dem-2904	1	2	word	word	NOUN
dem-2904	1	3	00_tresc.docx	00_tresc.docx	X
dem-2904	1	4	©	©	PROPN
dem-2904	1	5	2013	2013	NUM
dem-2904	1	6	nicolaus	nicolaus	PROPN
dem-2904	1	7	copernicus	copernicus	PROPN
dem-2904	1	8	university	university	PROPN
dem-2904	1	9	.	.	PUNCT
dem-2904	2	1	all	all	DET
dem-2904	2	2	rights	right	NOUN
dem-2904	2	3	reserved	reserve	VERB
dem-2904	2	4	.	.	PUNCT
dem-2904	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-2904	4	1	d	d	PUNCT
dem-2904	4	2	y	y	PROPN
dem-2904	4	3	n	n	PROPN
dem-2904	4	4	a	a	PRON
dem-2904	4	5	m	m	VERB
dem-2904	5	1	i	i	NOUN
dem-2904	5	2	c	c	NOUN
dem-2904	5	3	e	e	NOUN
dem-2904	5	4	c	c	NOUN
dem-2904	5	5	o	o	X
dem-2904	6	1	n	n	INTJ
dem-2904	6	2	o	o	NOUN
dem-2904	6	3	m	m	VERB
dem-2904	7	1	e	e	NOUN
dem-2904	7	2	t	t	NOUN
dem-2904	7	3	r	r	NOUN
dem-2904	7	4	i	i	NOUN
dem-2904	7	5	c	c	NOUN
dem-2904	7	6	m	m	VERB
dem-2904	7	7	o	o	NOUN
dem-2904	7	8	d	d	X
dem-2904	7	9	e	e	X
dem-2904	7	10	l	l	NOUN
dem-2904	7	11	s	s	X
dem-2904	7	12	doi	doi	NOUN
dem-2904	7	13	:	:	PUNCT
dem-2904	7	14	http://dx.doi.org/10.12775/dem.2013.010	http://dx.doi.org/10.12775/dem.2013.010	NOUN
dem-2904	7	15	vol	vol	NOUN
dem-2904	7	16	.	.	PROPN
dem-2904	8	1	13	13	NUM
dem-2904	8	2	(	(	PUNCT
dem-2904	8	3	2013	2013	NUM
dem-2904	8	4	)	)	PUNCT
dem-2904	9	1	175−194	175−194	PRON
dem-2904	9	2	submitted	submit	VERB
dem-2904	9	3	november	november	PROPN
dem-2904	9	4	8	8	NUM
dem-2904	9	5	,	,	PUNCT
dem-2904	9	6	2013	2013	NUM
dem-2904	9	7	issn	issn	AUX
dem-2904	9	8	accepted	accept	VERB
dem-2904	9	9	december	december	PROPN
dem-2904	9	10	30	30	NUM
dem-2904	9	11	,	,	PUNCT
dem-2904	9	12	2013	2013	NUM
dem-2904	9	13	1234	1234	NUM
dem-2904	9	14	-	-	SYM
dem-2904	9	15	3862	3862	NUM
dem-2904	9	16	andrzej	andrzej	PROPN
dem-2904	9	17	geise	geise	PROPN
dem-2904	9	18	,	,	PUNCT
dem-2904	9	19	mariola	mariola	PROPN
dem-2904	9	20	piłatowska	piłatowska	PROPN
dem-2904	9	21	*	*	PUNCT
dem-2904	9	22	synchronization	synchronization	NOUN
dem-2904	9	23	of	of	ADP
dem-2904	9	24	crude	crude	ADJ
dem-2904	9	25	oil	oil	NOUN
dem-2904	9	26	prices	price	NOUN
dem-2904	9	27	cycle	cycle	NOUN
dem-2904	9	28	and	and	CCONJ
dem-2904	9	29	business	business	NOUN
dem-2904	9	30	cycle	cycle	NOUN
dem-2904	9	31	for	for	ADP
dem-2904	9	32	the	the	DET
dem-2904	9	33	central	central	ADJ
dem-2904	9	34	eastern	eastern	ADJ
dem-2904	9	35	european	european	PROPN
dem-2904	9	36	economies∗∗	economies∗∗	PROPN
dem-2904	10	1	a	a	DET
dem-2904	10	2	b	b	PROPN
dem-2904	10	3	s	s	ADP
dem-2904	10	4	t	t	PROPN
dem-2904	10	5	r	r	NOUN
dem-2904	10	6	a	a	DET
dem-2904	10	7	c	c	NOUN
dem-2904	10	8	t.	t.	NOUN
dem-2904	10	9	the	the	DET
dem-2904	10	10	main	main	ADJ
dem-2904	10	11	purpose	purpose	NOUN
dem-2904	10	12	of	of	ADP
dem-2904	10	13	the	the	DET
dem-2904	10	14	paper	paper	NOUN
dem-2904	10	15	is	be	AUX
dem-2904	10	16	to	to	PART
dem-2904	10	17	study	study	VERB
dem-2904	10	18	the	the	DET
dem-2904	10	19	degree	degree	NOUN
dem-2904	10	20	to	to	PART
dem-2904	10	21	which	which	PRON
dem-2904	10	22	the	the	DET
dem-2904	10	23	brent	brent	PROPN
dem-2904	10	24	crude	crude	PROPN
dem-2904	10	25	oil	oil	NOUN
dem-2904	10	26	price	price	NOUN
dem-2904	10	27	cycle	cycle	NOUN
dem-2904	10	28	is	be	AUX
dem-2904	10	29	correlated	correlate	VERB
dem-2904	10	30	and	and	CCONJ
dem-2904	10	31	synchronized	synchronize	VERB
dem-2904	10	32	with	with	ADP
dem-2904	10	33	business	business	NOUN
dem-2904	10	34	cycle	cycle	NOUN
dem-2904	10	35	in	in	ADP
dem-2904	10	36	a	a	DET
dem-2904	10	37	set	set	NOUN
dem-2904	10	38	of	of	ADP
dem-2904	10	39	chosen	choose	VERB
dem-2904	10	40	central	central	ADJ
dem-2904	10	41	eastern	eastern	ADJ
dem-2904	10	42	european	european	PROPN
dem-2904	10	43	(	(	PUNCT
dem-2904	10	44	cee	cee	NOUN
dem-2904	10	45	)	)	PUNCT
dem-2904	10	46	economies	economy	NOUN
dem-2904	10	47	.	.	PUNCT
dem-2904	11	1	to	to	PART
dem-2904	11	2	indentify	indentify	VERB
dem-2904	11	3	the	the	DET
dem-2904	11	4	oil	oil	NOUN
dem-2904	11	5	price	price	NOUN
dem-2904	11	6	cycle	cycle	NOUN
dem-2904	11	7	and	and	CCONJ
dem-2904	11	8	business	business	NOUN
dem-2904	11	9	cycles	cycle	NOUN
dem-2904	11	10	for	for	ADP
dem-2904	11	11	chosen	choose	VERB
dem-2904	11	12	individual	individual	ADJ
dem-2904	11	13	countries	country	NOUN
dem-2904	11	14	the	the	DET
dem-2904	11	15	markov	markov	NOUN
dem-2904	11	16	-	-	PUNCT
dem-2904	11	17	switching	switch	VERB
dem-2904	11	18	autoregressive	autoregressive	ADJ
dem-2904	11	19	model	model	NOUN
dem-2904	11	20	(	(	PUNCT
dem-2904	11	21	ms	ms	PROPN
dem-2904	11	22	-	-	PUNCT
dem-2904	11	23	ar	ar	NOUN
dem-2904	11	24	)	)	PUNCT
dem-2904	11	25	is	be	AUX
dem-2904	11	26	used	use	VERB
dem-2904	11	27	.	.	PUNCT
dem-2904	12	1	the	the	DET
dem-2904	12	2	identification	identification	NOUN
dem-2904	12	3	of	of	ADP
dem-2904	12	4	the	the	DET
dem-2904	12	5	smoothed	smooth	VERB
dem-2904	12	6	probabilities	probability	NOUN
dem-2904	12	7	of	of	ADP
dem-2904	12	8	being	be	AUX
dem-2904	12	9	in	in	ADP
dem-2904	12	10	regime	regime	NOUN
dem-2904	12	11	1	1	NUM
dem-2904	12	12	and	and	CCONJ
dem-2904	12	13	regime	regime	NOUN
dem-2904	12	14	2	2	NUM
dem-2904	12	15	enables	enable	VERB
dem-2904	12	16	the	the	DET
dem-2904	12	17	calculation	calculation	NOUN
dem-2904	12	18	of	of	ADP
dem-2904	12	19	correlation	correlation	NOUN
dem-2904	12	20	coefficients	coefficient	NOUN
dem-2904	12	21	between	between	ADP
dem-2904	12	22	those	those	DET
dem-2904	12	23	probabilities	probability	NOUN
dem-2904	12	24	and	and	CCONJ
dem-2904	12	25	the	the	DET
dem-2904	12	26	concordance	concordance	NOUN
dem-2904	12	27	index	index	NOUN
dem-2904	12	28	to	to	PART
dem-2904	12	29	evaluate	evaluate	VERB
dem-2904	12	30	the	the	DET
dem-2904	12	31	synchronization	synchronization	NOUN
dem-2904	12	32	of	of	ADP
dem-2904	12	33	oil	oil	NOUN
dem-2904	12	34	price	price	NOUN
dem-2904	12	35	cycle	cycle	NOUN
dem-2904	12	36	and	and	CCONJ
dem-2904	12	37	business	business	NOUN
dem-2904	12	38	cycles	cycle	NOUN
dem-2904	12	39	for	for	ADP
dem-2904	12	40	the	the	DET
dem-2904	12	41	cee	cee	NOUN
dem-2904	12	42	economies	economy	NOUN
dem-2904	12	43	.	.	PUNCT
dem-2904	13	1	k	k	X
dem-2904	13	2	e	e	PROPN
dem-2904	13	3	y	y	PROPN
dem-2904	13	4	w	w	NOUN
dem-2904	13	5	o	o	NOUN
dem-2904	13	6	r	r	NOUN
dem-2904	13	7	d	d	NOUN
dem-2904	13	8	s	s	X
dem-2904	13	9	:	:	PUNCT
dem-2904	13	10	markov	markov	NOUN
dem-2904	13	11	switching	switching	NOUN
dem-2904	13	12	model	model	NOUN
dem-2904	13	13	,	,	PUNCT
dem-2904	13	14	crude	crude	ADJ
dem-2904	13	15	oil	oil	NOUN
dem-2904	13	16	prices	price	NOUN
dem-2904	13	17	,	,	PUNCT
dem-2904	13	18	business	business	NOUN
dem-2904	13	19	cycle	cycle	NOUN
dem-2904	13	20	,	,	PUNCT
dem-2904	13	21	price	price	NOUN
dem-2904	13	22	cycle	cycle	NOUN
dem-2904	13	23	.	.	PUNCT
dem-2904	14	1	j	j	PROPN
dem-2904	14	2	e	e	NOUN
dem-2904	14	3	l	l	NOUN
dem-2904	14	4	classification	classification	NOUN
dem-2904	14	5	:	:	PUNCT
dem-2904	14	6	c22	c22	NOUN
dem-2904	14	7	,	,	PUNCT
dem-2904	14	8	c32	c32	NOUN
dem-2904	14	9	,	,	PUNCT
dem-2904	14	10	e23	e23	NOUN
dem-2904	14	11	,	,	PUNCT
dem-2904	14	12	q40	q40	NOUN
dem-2904	14	13	.	.	PUNCT
dem-2904	15	1	introduction	introduction	NOUN
dem-2904	15	2	the	the	DET
dem-2904	15	3	energy	energy	NOUN
dem-2904	15	4	prices	price	NOUN
dem-2904	15	5	have	have	VERB
dem-2904	15	6	the	the	DET
dem-2904	15	7	significant	significant	ADJ
dem-2904	15	8	impact	impact	NOUN
dem-2904	15	9	on	on	ADP
dem-2904	15	10	the	the	DET
dem-2904	15	11	economic	economic	ADJ
dem-2904	15	12	and	and	CCONJ
dem-2904	15	13	civilization	civilization	NOUN
dem-2904	15	14	development	development	NOUN
dem-2904	15	15	.	.	PUNCT
dem-2904	16	1	rising	rise	VERB
dem-2904	16	2	energy	energy	NOUN
dem-2904	16	3	prices	price	NOUN
dem-2904	16	4	observed	observe	VERB
dem-2904	16	5	in	in	ADP
dem-2904	16	6	recent	recent	ADJ
dem-2904	16	7	years	year	NOUN
dem-2904	16	8	accelerated	accelerate	VERB
dem-2904	16	9	the	the	DET
dem-2904	16	10	realization	realization	NOUN
dem-2904	16	11	of	of	ADP
dem-2904	16	12	well	well	ADV
dem-2904	16	13	-	-	PUNCT
dem-2904	16	14	balanced	balance	VERB
dem-2904	16	15	energy	energy	NOUN
dem-2904	16	16	consumption	consumption	NOUN
dem-2904	16	17	programs	program	NOUN
dem-2904	16	18	and	and	CCONJ
dem-2904	16	19	the	the	DET
dem-2904	16	20	reduction	reduction	NOUN
dem-2904	16	21	of	of	ADP
dem-2904	16	22	global	global	ADJ
dem-2904	16	23	energy	energy	NOUN
dem-2904	16	24	intensity	intensity	NOUN
dem-2904	16	25	.	.	PUNCT
dem-2904	17	1	energy	energy	NOUN
dem-2904	17	2	prices	price	NOUN
dem-2904	17	3	can	can	AUX
dem-2904	17	4	be	be	AUX
dem-2904	17	5	affected	affect	VERB
dem-2904	17	6	not	not	PART
dem-2904	17	7	only	only	ADV
dem-2904	17	8	by	by	ADP
dem-2904	17	9	economic	economic	ADJ
dem-2904	17	10	factors	factor	NOUN
dem-2904	17	11	but	but	CCONJ
dem-2904	17	12	to	to	ADP
dem-2904	17	13	high	high	ADJ
dem-2904	17	14	extent	extent	NOUN
dem-2904	17	15	also	also	ADV
dem-2904	17	16	by	by	ADP
dem-2904	17	17	unpredictable	unpredictable	ADJ
dem-2904	17	18	and	and	CCONJ
dem-2904	17	19	non	non	ADJ
dem-2904	17	20	*	*	ADJ
dem-2904	17	21	correspondence	correspondence	NOUN
dem-2904	17	22	to	to	ADP
dem-2904	17	23	:	:	PUNCT
dem-2904	17	24	andrzej	andrzej	PROPN
dem-2904	17	25	geise	geise	PROPN
dem-2904	17	26	,	,	PUNCT
dem-2904	17	27	department	department	NOUN
dem-2904	17	28	of	of	ADP
dem-2904	17	29	econometrics	econometric	NOUN
dem-2904	17	30	and	and	CCONJ
dem-2904	17	31	statistics	statistic	NOUN
dem-2904	17	32	,	,	PUNCT
dem-2904	17	33	13a	13a	PROPN
dem-2904	17	34	gagarina	gagarina	PROPN
dem-2904	17	35	street	street	PROPN
dem-2904	17	36	,	,	PUNCT
dem-2904	17	37	87	87	NUM
dem-2904	17	38	-	-	SYM
dem-2904	17	39	100	100	NUM
dem-2904	17	40	toruń	toruń	NOUN
dem-2904	17	41	,	,	PUNCT
dem-2904	17	42	poland	poland	PROPN
dem-2904	17	43	,	,	PUNCT
dem-2904	17	44	e	e	NOUN
dem-2904	17	45	-	-	NOUN
dem-2904	17	46	mail	mail	NOUN
dem-2904	17	47	:	:	PUNCT
dem-2904	17	48	a.geise@doktorant.umk.pl	a.geise@doktorant.umk.pl	PROPN
dem-2904	17	49	,	,	PUNCT
dem-2904	17	50	mariola	mariola	PROPN
dem-2904	17	51	piłatowska	piłatowska	PROPN
dem-2904	17	52	,	,	PUNCT
dem-2904	17	53	department	department	NOUN
dem-2904	17	54	of	of	ADP
dem-2904	17	55	econometrics	econometric	NOUN
dem-2904	17	56	and	and	CCONJ
dem-2904	17	57	statistics	statistic	NOUN
dem-2904	17	58	,	,	PUNCT
dem-2904	17	59	13a	13a	PROPN
dem-2904	17	60	gagarina	gagarina	PROPN
dem-2904	17	61	street	street	PROPN
dem-2904	17	62	,	,	PUNCT
dem-2904	17	63	87	87	NUM
dem-2904	17	64	-	-	SYM
dem-2904	17	65	100	100	NUM
dem-2904	17	66	toruń	toruń	NOUN
dem-2904	17	67	,	,	PUNCT
dem-2904	17	68	poland	poland	PROPN
dem-2904	17	69	,	,	PUNCT
dem-2904	17	70	e	e	NOUN
dem-2904	17	71	-	-	NOUN
dem-2904	17	72	mail	mail	NOUN
dem-2904	17	73	:	:	PUNCT
dem-2904	17	74	mariola.pilatowska@umk.pl	mariola.pilatowska@umk.pl	X
dem-2904	17	75	.	.	PUNCT
dem-2904	18	1	∗∗	∗∗	NOUN
dem-2904	18	2	this	this	DET
dem-2904	18	3	work	work	NOUN
dem-2904	18	4	was	be	AUX
dem-2904	18	5	financed	finance	VERB
dem-2904	18	6	from	from	ADP
dem-2904	18	7	grant	grant	PROPN
dem-2904	18	8	no	no	DET
dem-2904	18	9	1482	1482	NUM
dem-2904	18	10	-	-	PUNCT
dem-2904	18	11	e.	e.	PROPN
dem-2904	18	12	andrzej	andrzej	PROPN
dem-2904	18	13	geise	geise	PROPN
dem-2904	18	14	,	,	PUNCT
dem-2904	18	15	mariola	mariola	PROPN
dem-2904	18	16	piłatowska	piłatowska	PROPN
dem-2904	18	17	dynamic	dynamic	ADJ
dem-2904	18	18	econometric	econometric	ADJ
dem-2904	18	19	models	model	NOUN
dem-2904	18	20	vol.13	vol.13	X
dem-2904	18	21	(	(	PUNCT
dem-2904	18	22	2013	2013	NUM
dem-2904	18	23	)	)	PUNCT
dem-2904	19	1	175–194	175–194	NUM
dem-2904	19	2	176	176	NUM
dem-2904	19	3	economic	economic	ADJ
dem-2904	19	4	events	event	NOUN
dem-2904	19	5	,	,	PUNCT
dem-2904	19	6	such	such	ADJ
dem-2904	19	7	as	as	ADP
dem-2904	19	8	wars	war	NOUN
dem-2904	19	9	,	,	PUNCT
dem-2904	19	10	political	political	ADJ
dem-2904	19	11	situation	situation	NOUN
dem-2904	19	12	in	in	ADP
dem-2904	19	13	regions	region	NOUN
dem-2904	19	14	of	of	ADP
dem-2904	19	15	fossil	fossil	ADJ
dem-2904	19	16	fuels	fuel	NOUN
dem-2904	19	17	mining	mining	NOUN
dem-2904	19	18	or	or	CCONJ
dem-2904	19	19	devastating	devastating	ADJ
dem-2904	19	20	weather	weather	NOUN
dem-2904	19	21	.	.	PUNCT
dem-2904	20	1	specifically	specifically	ADV
dem-2904	20	2	,	,	PUNCT
dem-2904	20	3	the	the	DET
dem-2904	20	4	ecology	ecology	NOUN
dem-2904	20	5	and	and	CCONJ
dem-2904	20	6	the	the	DET
dem-2904	20	7	international	international	ADJ
dem-2904	20	8	environmental	environmental	ADJ
dem-2904	20	9	protection	protection	NOUN
dem-2904	20	10	should	should	AUX
dem-2904	20	11	be	be	AUX
dem-2904	20	12	taken	take	VERB
dem-2904	20	13	into	into	ADP
dem-2904	20	14	account	account	NOUN
dem-2904	20	15	when	when	SCONJ
dem-2904	20	16	having	have	VERB
dem-2904	20	17	in	in	ADP
dem-2904	20	18	mind	mind	NOUN
dem-2904	20	19	the	the	DET
dem-2904	20	20	future	future	ADJ
dem-2904	20	21	development	development	NOUN
dem-2904	20	22	of	of	ADP
dem-2904	20	23	fossil	fossil	NOUN
dem-2904	20	24	fuel	fuel	NOUN
dem-2904	20	25	market	market	NOUN
dem-2904	20	26	.	.	PUNCT
dem-2904	21	1	special	special	ADJ
dem-2904	21	2	significance	significance	NOUN
dem-2904	21	3	in	in	ADP
dem-2904	21	4	the	the	DET
dem-2904	21	5	energy	energy	NOUN
dem-2904	21	6	consumption	consumption	NOUN
dem-2904	21	7	structure	structure	NOUN
dem-2904	21	8	has	have	VERB
dem-2904	21	9	the	the	DET
dem-2904	21	10	crude	crude	ADJ
dem-2904	21	11	oil	oil	NOUN
dem-2904	21	12	which	which	PRON
dem-2904	21	13	is	be	AUX
dem-2904	21	14	treated	treat	VERB
dem-2904	21	15	as	as	ADP
dem-2904	21	16	a	a	DET
dem-2904	21	17	major	major	ADJ
dem-2904	21	18	determinant	determinant	NOUN
dem-2904	21	19	of	of	ADP
dem-2904	21	20	world	world	NOUN
dem-2904	21	21	economic	economic	ADJ
dem-2904	21	22	activity	activity	NOUN
dem-2904	21	23	.	.	PUNCT
dem-2904	22	1	the	the	DET
dem-2904	22	2	economic	economic	ADJ
dem-2904	22	3	and	and	CCONJ
dem-2904	22	4	social	social	ADJ
dem-2904	22	5	significance	significance	NOUN
dem-2904	22	6	of	of	ADP
dem-2904	22	7	crude	crude	ADJ
dem-2904	22	8	oil	oil	NOUN
dem-2904	22	9	did	do	AUX
dem-2904	22	10	not	not	PART
dem-2904	22	11	diminish	diminish	VERB
dem-2904	22	12	along	along	ADP
dem-2904	22	13	with	with	ADP
dem-2904	22	14	the	the	DET
dem-2904	22	15	development	development	NOUN
dem-2904	22	16	of	of	ADP
dem-2904	22	17	alternative	alternative	ADJ
dem-2904	22	18	energy	energy	NOUN
dem-2904	22	19	source	source	NOUN
dem-2904	22	20	,	,	PUNCT
dem-2904	22	21	like	like	ADP
dem-2904	22	22	wind	wind	NOUN
dem-2904	22	23	,	,	PUNCT
dem-2904	22	24	water	water	NOUN
dem-2904	22	25	and	and	CCONJ
dem-2904	22	26	sun	sun	NOUN
dem-2904	22	27	energy	energy	NOUN
dem-2904	22	28	.	.	PUNCT
dem-2904	23	1	irrespective	irrespective	ADV
dem-2904	23	2	of	of	ADP
dem-2904	23	3	the	the	DET
dem-2904	23	4	potentials	potential	NOUN
dem-2904	23	5	of	of	ADP
dem-2904	23	6	renewable	renewable	ADJ
dem-2904	23	7	energy	energy	NOUN
dem-2904	23	8	the	the	DET
dem-2904	23	9	impact	impact	NOUN
dem-2904	23	10	of	of	ADP
dem-2904	23	11	crude	crude	ADJ
dem-2904	23	12	oil	oil	NOUN
dem-2904	23	13	on	on	ADP
dem-2904	23	14	the	the	DET
dem-2904	23	15	economy	economy	NOUN
dem-2904	23	16	is	be	AUX
dem-2904	23	17	still	still	ADV
dem-2904	23	18	strong	strong	ADJ
dem-2904	23	19	.	.	PUNCT
dem-2904	24	1	therefore	therefore	ADV
dem-2904	24	2	,	,	PUNCT
dem-2904	24	3	it	it	PRON
dem-2904	24	4	is	be	AUX
dem-2904	24	5	expected	expect	VERB
dem-2904	24	6	that	that	SCONJ
dem-2904	24	7	the	the	DET
dem-2904	24	8	relation	relation	NOUN
dem-2904	24	9	between	between	ADP
dem-2904	24	10	economic	economic	ADJ
dem-2904	24	11	growth	growth	NOUN
dem-2904	24	12	and	and	CCONJ
dem-2904	24	13	crude	crude	ADJ
dem-2904	24	14	oil	oil	NOUN
dem-2904	24	15	prices	price	NOUN
dem-2904	24	16	volatility	volatility	NOUN
dem-2904	24	17	exists	exist	VERB
dem-2904	24	18	.	.	PUNCT
dem-2904	25	1	the	the	DET
dem-2904	25	2	main	main	ADJ
dem-2904	25	3	purpose	purpose	NOUN
dem-2904	25	4	of	of	ADP
dem-2904	25	5	the	the	DET
dem-2904	25	6	paper	paper	NOUN
dem-2904	25	7	is	be	AUX
dem-2904	25	8	to	to	PART
dem-2904	25	9	study	study	VERB
dem-2904	25	10	the	the	DET
dem-2904	25	11	degree	degree	NOUN
dem-2904	25	12	to	to	PART
dem-2904	25	13	which	which	PRON
dem-2904	25	14	the	the	DET
dem-2904	25	15	crude	crude	ADJ
dem-2904	25	16	oil	oil	NOUN
dem-2904	25	17	price	price	NOUN
dem-2904	25	18	cycle	cycle	NOUN
dem-2904	25	19	is	be	AUX
dem-2904	25	20	correlated	correlate	VERB
dem-2904	25	21	and	and	CCONJ
dem-2904	25	22	synchronized	synchronize	VERB
dem-2904	25	23	with	with	ADP
dem-2904	25	24	business	business	NOUN
dem-2904	25	25	cycle	cycle	NOUN
dem-2904	25	26	in	in	ADP
dem-2904	25	27	czech	czech	PROPN
dem-2904	25	28	republic	republic	NOUN
dem-2904	25	29	,	,	PUNCT
dem-2904	25	30	hungary	hungary	PROPN
dem-2904	25	31	,	,	PUNCT
dem-2904	25	32	poland	poland	PROPN
dem-2904	25	33	and	and	CCONJ
dem-2904	25	34	slovenia	slovenia	PROPN
dem-2904	25	35	.	.	PUNCT
dem-2904	26	1	first	first	ADV
dem-2904	26	2	,	,	PUNCT
dem-2904	26	3	the	the	DET
dem-2904	26	4	markov	markov	NOUN
dem-2904	26	5	-	-	PUNCT
dem-2904	26	6	switching	switch	VERB
dem-2904	26	7	autoregressive	autoregressive	ADJ
dem-2904	26	8	model	model	NOUN
dem-2904	26	9	(	(	PUNCT
dem-2904	26	10	ms	ms	PROPN
dem-2904	26	11	-	-	PUNCT
dem-2904	26	12	ar	ar	NOUN
dem-2904	26	13	)	)	PUNCT
dem-2904	26	14	is	be	AUX
dem-2904	26	15	used	use	VERB
dem-2904	26	16	to	to	PART
dem-2904	26	17	identify	identify	VERB
dem-2904	26	18	oil	oil	NOUN
dem-2904	26	19	price	price	NOUN
dem-2904	26	20	cycle	cycle	NOUN
dem-2904	26	21	and	and	CCONJ
dem-2904	26	22	the	the	DET
dem-2904	26	23	business	business	NOUN
dem-2904	26	24	cycle	cycle	NOUN
dem-2904	26	25	for	for	ADP
dem-2904	26	26	chosen	choose	VERB
dem-2904	26	27	individual	individual	ADJ
dem-2904	26	28	countries	country	NOUN
dem-2904	26	29	.	.	PUNCT
dem-2904	27	1	next	next	ADV
dem-2904	27	2	,	,	PUNCT
dem-2904	27	3	the	the	DET
dem-2904	27	4	correlation	correlation	NOUN
dem-2904	27	5	coefficients	coefficient	VERB
dem-2904	27	6	between	between	ADP
dem-2904	27	7	smoothed	smooth	VERB
dem-2904	27	8	probabilities	probability	NOUN
dem-2904	27	9	of	of	ADP
dem-2904	27	10	a	a	DET
dem-2904	27	11	recession	recession	NOUN
dem-2904	27	12	for	for	ADP
dem-2904	27	13	business	business	NOUN
dem-2904	27	14	cycle	cycle	NOUN
dem-2904	27	15	in	in	ADP
dem-2904	27	16	given	give	VERB
dem-2904	27	17	countries	country	NOUN
dem-2904	27	18	and	and	CCONJ
dem-2904	27	19	crude	crude	ADJ
dem-2904	27	20	oil	oil	NOUN
dem-2904	27	21	price	price	NOUN
dem-2904	27	22	cycle	cycle	NOUN
dem-2904	27	23	are	be	AUX
dem-2904	27	24	calculated	calculate	VERB
dem-2904	27	25	in	in	ADP
dem-2904	27	26	order	order	NOUN
dem-2904	27	27	to	to	PART
dem-2904	27	28	evaluate	evaluate	VERB
dem-2904	27	29	the	the	DET
dem-2904	27	30	extent	extent	NOUN
dem-2904	27	31	to	to	PART
dem-2904	27	32	which	which	PRON
dem-2904	27	33	turning	turn	VERB
dem-2904	27	34	points	point	NOUN
dem-2904	27	35	in	in	ADP
dem-2904	27	36	the	the	DET
dem-2904	27	37	two	two	NUM
dem-2904	27	38	series	series	NOUN
dem-2904	27	39	occur	occur	VERB
dem-2904	27	40	near	near	ADP
dem-2904	27	41	each	each	DET
dem-2904	27	42	other	other	ADJ
dem-2904	27	43	.	.	PUNCT
dem-2904	28	1	finally	finally	ADV
dem-2904	28	2	,	,	PUNCT
dem-2904	28	3	the	the	DET
dem-2904	28	4	concordance	concordance	NOUN
dem-2904	28	5	index	index	NOUN
dem-2904	28	6	is	be	AUX
dem-2904	28	7	computed	compute	VERB
dem-2904	28	8	to	to	PART
dem-2904	28	9	reflect	reflect	VERB
dem-2904	28	10	the	the	DET
dem-2904	28	11	degree	degree	NOUN
dem-2904	28	12	to	to	PART
dem-2904	28	13	which	which	PRON
dem-2904	28	14	two	two	NUM
dem-2904	28	15	series	serie	NOUN
dem-2904	28	16	are	be	AUX
dem-2904	28	17	in	in	ADP
dem-2904	28	18	the	the	DET
dem-2904	28	19	same	same	ADJ
dem-2904	28	20	state	state	NOUN
dem-2904	28	21	or	or	CCONJ
dem-2904	28	22	in	in	ADP
dem-2904	28	23	other	other	ADJ
dem-2904	28	24	words	word	NOUN
dem-2904	28	25	are	be	AUX
dem-2904	28	26	synchronized	synchronize	VERB
dem-2904	28	27	.	.	PUNCT
dem-2904	29	1	the	the	DET
dem-2904	29	2	concept	concept	NOUN
dem-2904	29	3	of	of	ADP
dem-2904	29	4	a	a	DET
dem-2904	29	5	research	research	NOUN
dem-2904	29	6	study	study	NOUN
dem-2904	29	7	is	be	AUX
dem-2904	29	8	presented	present	VERB
dem-2904	29	9	in	in	ADP
dem-2904	29	10	scheme	scheme	NOUN
dem-2904	29	11	1	1	NUM
dem-2904	29	12	.	.	PUNCT
dem-2904	30	1	scheme	scheme	NOUN
dem-2904	30	2	1	1	NUM
dem-2904	30	3	.	.	PUNCT
dem-2904	31	1	the	the	DET
dem-2904	31	2	concept	concept	NOUN
dem-2904	31	3	of	of	ADP
dem-2904	31	4	studying	study	VERB
dem-2904	31	5	the	the	DET
dem-2904	31	6	synchronization	synchronization	NOUN
dem-2904	31	7	of	of	ADP
dem-2904	31	8	oil	oil	NOUN
dem-2904	31	9	price	price	NOUN
dem-2904	31	10	cycle	cycle	NOUN
dem-2904	31	11	and	and	CCONJ
dem-2904	31	12	business	business	NOUN
dem-2904	31	13	cycle	cycle	NOUN
dem-2904	31	14	in	in	ADP
dem-2904	31	15	the	the	DET
dem-2904	31	16	analysis	analysis	NOUN
dem-2904	31	17	the	the	DET
dem-2904	31	18	monthly	monthly	ADJ
dem-2904	31	19	data	datum	NOUN
dem-2904	31	20	of	of	ADP
dem-2904	31	21	brent	brent	PROPN
dem-2904	31	22	crude	crude	PROPN
dem-2904	31	23	oil	oil	NOUN
dem-2904	31	24	prices	price	NOUN
dem-2904	31	25	from	from	ADP
dem-2904	31	26	january	january	PROPN
dem-2904	31	27	1995	1995	NUM
dem-2904	31	28	to	to	ADP
dem-2904	31	29	april	april	PROPN
dem-2904	31	30	2013	2013	NUM
dem-2904	31	31	(	(	PUNCT
dem-2904	31	32	220	220	NUM
dem-2904	31	33	observations	observation	NOUN
dem-2904	31	34	)	)	PUNCT
dem-2904	31	35	and	and	CCONJ
dem-2904	31	36	industry	industry	NOUN
dem-2904	31	37	production	production	NOUN
dem-2904	31	38	index	index	NOUN
dem-2904	31	39	for	for	ADP
dem-2904	31	40	a	a	DET
dem-2904	31	41	set	set	NOUN
dem-2904	31	42	of	of	ADP
dem-2904	31	43	central	central	ADJ
dem-2904	31	44	eastern	eastern	ADJ
dem-2904	31	45	european	european	PROPN
dem-2904	31	46	(	(	PUNCT
dem-2904	31	47	cee	cee	NOUN
dem-2904	31	48	)	)	PUNCT
dem-2904	31	49	economies	economy	NOUN
dem-2904	31	50	from	from	ADP
dem-2904	31	51	january	january	PROPN
dem-2904	31	52	1995	1995	NUM
dem-2904	31	53	to	to	PART
dem-2904	31	54	april	april	VERB
dem-2904	31	55	analysis	analysis	NOUN
dem-2904	31	56	of	of	ADP
dem-2904	31	57	oil	oil	NOUN
dem-2904	31	58	price	price	NOUN
dem-2904	31	59	cycle	cycle	NOUN
dem-2904	31	60	analysis	analysis	NOUN
dem-2904	31	61	of	of	ADP
dem-2904	31	62	business	business	NOUN
dem-2904	31	63	cycle	cycle	NOUN
dem-2904	31	64	for	for	ADP
dem-2904	31	65	chosen	choose	VERB
dem-2904	31	66	cee	cee	PROPN
dem-2904	31	67	countries	country	NOUN
dem-2904	31	68	analysis	analysis	NOUN
dem-2904	31	69	of	of	ADP
dem-2904	31	70	probabilities	probability	NOUN
dem-2904	31	71	of	of	ADP
dem-2904	31	72	being	be	AUX
dem-2904	31	73	in	in	ADP
dem-2904	31	74	regime	regime	NOUN
dem-2904	31	75	1	1	NUM
dem-2904	31	76	application	application	NOUN
dem-2904	31	77	of	of	ADP
dem-2904	31	78	markov	markov	NOUN
dem-2904	31	79	-	-	PUNCT
dem-2904	31	80	switching	switch	VERB
dem-2904	31	81	autoregressive	autoregressive	ADJ
dem-2904	31	82	models	model	NOUN
dem-2904	31	83	to	to	PART
dem-2904	31	84	identify	identify	VERB
dem-2904	31	85	the	the	DET
dem-2904	31	86	dating	dating	NOUN
dem-2904	31	87	of	of	ADP
dem-2904	31	88	cycles	cycle	NOUN
dem-2904	31	89	and	and	CCONJ
dem-2904	31	90	calculate	calculate	ADJ
dem-2904	31	91	probabilities	probability	NOUN
dem-2904	31	92	of	of	ADP
dem-2904	31	93	recession	recession	NOUN
dem-2904	31	94	application	application	NOUN
dem-2904	31	95	of	of	ADP
dem-2904	31	96	correlation	correlation	NOUN
dem-2904	31	97	coefficient	coefficient	NOUN
dem-2904	31	98	and	and	CCONJ
dem-2904	31	99	concordance	concordance	NOUN
dem-2904	31	100	index	index	NOUN
dem-2904	31	101	to	to	PART
dem-2904	31	102	evaluate	evaluate	VERB
dem-2904	31	103	the	the	DET
dem-2904	31	104	degree	degree	NOUN
dem-2904	31	105	of	of	ADP
dem-2904	31	106	cycle	cycle	NOUN
dem-2904	31	107	synchronization	synchronization	NOUN
dem-2904	31	108	synchronization	synchronization	NOUN
dem-2904	31	109	of	of	ADP
dem-2904	31	110	crude	crude	ADJ
dem-2904	31	111	oil	oil	NOUN
dem-2904	31	112	price	price	NOUN
dem-2904	31	113	cycle	cycle	NOUN
dem-2904	31	114	and	and	CCONJ
dem-2904	31	115	business	business	NOUN
dem-2904	31	116	cycle	cycle	NOUN
dem-2904	31	117	...	...	PUNCT
dem-2904	31	118	dynamic	dynamic	ADJ
dem-2904	31	119	econometric	econometric	ADJ
dem-2904	31	120	models	model	NOUN
dem-2904	31	121	vol	vol	NOUN
dem-2904	31	122	.	.	PROPN
dem-2904	31	123	13	13	NUM
dem-2904	31	124	(	(	PUNCT
dem-2904	31	125	2013	2013	NUM
dem-2904	31	126	)	)	PUNCT
dem-2904	32	1	175–194	175–194	NUM
dem-2904	32	2	177	177	NUM
dem-2904	32	3	2013	2013	NUM
dem-2904	32	4	were	be	AUX
dem-2904	32	5	used1	used1	PROPN
dem-2904	32	6	.	.	PUNCT
dem-2904	33	1	the	the	DET
dem-2904	33	2	data	datum	NOUN
dem-2904	33	3	were	be	AUX
dem-2904	33	4	taken	take	VERB
dem-2904	33	5	from	from	ADP
dem-2904	33	6	the	the	DET
dem-2904	33	7	u.s	u.s	PROPN
dem-2904	33	8	.	.	PROPN
dem-2904	33	9	energy	energy	PROPN
dem-2904	33	10	information	information	PROPN
dem-2904	33	11	administration	administration	NOUN
dem-2904	33	12	database	database	NOUN
dem-2904	33	13	(	(	PUNCT
dem-2904	33	14	www.eia.gov	www.eia.gov	PROPN
dem-2904	33	15	)	)	PUNCT
dem-2904	33	16	and	and	CCONJ
dem-2904	33	17	the	the	DET
dem-2904	33	18	oecd	oecd	PROPN
dem-2904	33	19	database	database	NOUN
dem-2904	33	20	(	(	PUNCT
dem-2904	33	21	www.stats.oecd.org	www.stats.oecd.org	NOUN
dem-2904	33	22	)	)	PUNCT
dem-2904	33	23	.	.	PUNCT
dem-2904	34	1	the	the	DET
dem-2904	34	2	analysis	analysis	NOUN
dem-2904	34	3	of	of	ADP
dem-2904	34	4	relations	relation	NOUN
dem-2904	34	5	between	between	ADP
dem-2904	34	6	crude	crude	ADJ
dem-2904	34	7	oil	oil	NOUN
dem-2904	34	8	prices	price	NOUN
dem-2904	34	9	and	and	CCONJ
dem-2904	34	10	economic	economic	ADJ
dem-2904	34	11	activity	activity	NOUN
dem-2904	34	12	is	be	AUX
dem-2904	34	13	an	an	DET
dem-2904	34	14	important	important	ADJ
dem-2904	34	15	issue	issue	NOUN
dem-2904	34	16	.	.	PUNCT
dem-2904	35	1	the	the	DET
dem-2904	35	2	volatility	volatility	NOUN
dem-2904	35	3	of	of	ADP
dem-2904	35	4	crude	crude	ADJ
dem-2904	35	5	oil	oil	NOUN
dem-2904	35	6	prices	price	NOUN
dem-2904	35	7	has	have	AUX
dem-2904	35	8	become	become	VERB
dem-2904	35	9	one	one	NUM
dem-2904	35	10	of	of	ADP
dem-2904	35	11	the	the	DET
dem-2904	35	12	most	most	ADV
dem-2904	35	13	important	important	ADJ
dem-2904	35	14	indicator	indicator	NOUN
dem-2904	35	15	of	of	ADP
dem-2904	35	16	economic	economic	ADJ
dem-2904	35	17	growth	growth	NOUN
dem-2904	35	18	due	due	ADP
dem-2904	35	19	to	to	ADP
dem-2904	35	20	the	the	DET
dem-2904	35	21	significant	significant	ADJ
dem-2904	35	22	share	share	NOUN
dem-2904	35	23	of	of	ADP
dem-2904	35	24	crude	crude	ADJ
dem-2904	35	25	oil	oil	NOUN
dem-2904	35	26	in	in	ADP
dem-2904	35	27	the	the	DET
dem-2904	35	28	energy	energy	NOUN
dem-2904	35	29	consumption	consumption	NOUN
dem-2904	35	30	structure	structure	NOUN
dem-2904	35	31	.	.	PUNCT
dem-2904	36	1	moreover	moreover	ADV
dem-2904	36	2	,	,	PUNCT
dem-2904	36	3	the	the	DET
dem-2904	36	4	government	government	NOUN
dem-2904	36	5	policy	policy	NOUN
dem-2904	36	6	is	be	AUX
dem-2904	36	7	driven	drive	VERB
dem-2904	36	8	by	by	ADP
dem-2904	36	9	the	the	DET
dem-2904	36	10	crude	crude	ADJ
dem-2904	36	11	oil	oil	NOUN
dem-2904	36	12	market	market	NOUN
dem-2904	36	13	as	as	SCONJ
dem-2904	36	14	the	the	DET
dem-2904	36	15	tax	tax	NOUN
dem-2904	36	16	revenues	revenue	NOUN
dem-2904	36	17	(	(	PUNCT
dem-2904	36	18	e.g.	e.g.	ADV
dem-2904	36	19	oil	oil	NOUN
dem-2904	36	20	excise	excise	NOUN
dem-2904	36	21	,	,	PUNCT
dem-2904	36	22	oil	oil	NOUN
dem-2904	36	23	vat	vat	NOUN
dem-2904	36	24	,	,	PUNCT
dem-2904	36	25	oil	oil	NOUN
dem-2904	36	26	fee	fee	NOUN
dem-2904	36	27	)	)	PUNCT
dem-2904	36	28	from	from	ADP
dem-2904	36	29	oil	oil	NOUN
dem-2904	36	30	sector	sector	NOUN
dem-2904	36	31	are	be	AUX
dem-2904	36	32	significant	significant	ADJ
dem-2904	36	33	.	.	PUNCT
dem-2904	37	1	table	table	NOUN
dem-2904	37	2	1	1	NUM
dem-2904	37	3	is	be	AUX
dem-2904	37	4	as	as	ADP
dem-2904	37	5	an	an	DET
dem-2904	37	6	example	example	NOUN
dem-2904	37	7	of	of	ADP
dem-2904	37	8	the	the	DET
dem-2904	37	9	significance	significance	NOUN
dem-2904	37	10	of	of	ADP
dem-2904	37	11	oil	oil	NOUN
dem-2904	37	12	sector	sector	NOUN
dem-2904	37	13	to	to	ADP
dem-2904	37	14	the	the	DET
dem-2904	37	15	polish	polish	ADJ
dem-2904	37	16	budget	budget	NOUN
dem-2904	37	17	.	.	PUNCT
dem-2904	38	1	table	table	NOUN
dem-2904	38	2	1	1	NUM
dem-2904	38	3	.	.	PUNCT
dem-2904	38	4	tax	tax	NOUN
dem-2904	38	5	revenues	revenue	NOUN
dem-2904	38	6	from	from	ADP
dem-2904	38	7	oil	oil	NOUN
dem-2904	38	8	sector	sector	NOUN
dem-2904	38	9	in	in	ADP
dem-2904	38	10	poland	poland	PROPN
dem-2904	38	11	in	in	ADP
dem-2904	38	12	2012	2012	NUM
dem-2904	38	13	tax	tax	NOUN
dem-2904	38	14	categories	category	NOUN
dem-2904	38	15	tax	tax	NOUN
dem-2904	38	16	category	category	NOUN
dem-2904	38	17	revenue	revenue	NOUN
dem-2904	38	18	as	as	ADP
dem-2904	38	19	percentage	percentage	NOUN
dem-2904	38	20	of	of	ADP
dem-2904	38	21	total	total	ADJ
dem-2904	38	22	oil	oil	NOUN
dem-2904	38	23	tax	tax	NOUN
dem-2904	38	24	revenue	revenue	NOUN
dem-2904	38	25	(	(	PUNCT
dem-2904	38	26	pln	pln	PROPN
dem-2904	38	27	52bn	52bn	ADJ
dem-2904	38	28	)	)	PUNCT
dem-2904	38	29	oil	oil	NOUN
dem-2904	38	30	tax	tax	NOUN
dem-2904	38	31	as	as	ADP
dem-2904	38	32	percentage	percentage	NOUN
dem-2904	38	33	of	of	ADP
dem-2904	38	34	total	total	ADJ
dem-2904	38	35	tax	tax	NOUN
dem-2904	38	36	category2	category2	NOUN
dem-2904	38	37	oil	oil	NOUN
dem-2904	38	38	excise	excise	NOUN
dem-2904	38	39	51.93	51.93	NUM
dem-2904	38	40	%	%	NOUN
dem-2904	38	41	41.00	41.00	NUM
dem-2904	38	42	%	%	NOUN
dem-2904	38	43	oil	oil	NOUN
dem-2904	38	44	vat	vat	NOUN
dem-2904	38	45	40.38	40.38	NUM
dem-2904	38	46	%	%	NOUN
dem-2904	38	47	15.85	15.85	NUM
dem-2904	38	48	%	%	NOUN
dem-2904	38	49	oil	oil	NOUN
dem-2904	38	50	fee	fee	NOUN
dem-2904	38	51	7.69	7.69	NUM
dem-2904	38	52	%	%	NOUN
dem-2904	38	53	1.39	1.39	NUM
dem-2904	38	54	%	%	NOUN
dem-2904	38	55	source	source	NOUN
dem-2904	38	56	:	:	PUNCT
dem-2904	38	57	elaborated	elaborate	VERB
dem-2904	38	58	on	on	ADP
dem-2904	38	59	the	the	DET
dem-2904	38	60	base	base	NOUN
dem-2904	38	61	of	of	ADP
dem-2904	38	62	popihn	popihn	NOUN
dem-2904	38	63	,	,	PUNCT
dem-2904	38	64	przemysł	przemysł	NOUN
dem-2904	38	65	i	i	PRON
dem-2904	38	66	handel	handel	VERB
dem-2904	38	67	naftowy	naftowy	ADJ
dem-2904	38	68	–	–	PUNCT
dem-2904	38	69	raport	raport	NOUN
dem-2904	38	70	roczny	roczny	PROPN
dem-2904	38	71	2012	2012	NUM
dem-2904	38	72	(	(	PUNCT
dem-2904	38	73	industry	industry	NOUN
dem-2904	38	74	and	and	CCONJ
dem-2904	38	75	oil	oil	NOUN
dem-2904	38	76	trade	trade	NOUN
dem-2904	38	77	−	−	PROPN
dem-2904	38	78	annual	annual	ADJ
dem-2904	38	79	report	report	NOUN
dem-2904	38	80	2012	2012	NUM
dem-2904	38	81	)	)	PUNCT
dem-2904	38	82	,	,	PUNCT
dem-2904	38	83	warszawa	warszawa	PROPN
dem-2904	38	84	,	,	PUNCT
dem-2904	38	85	2013	2013	NUM
dem-2904	38	86	.	.	PUNCT
dem-2904	39	1	tax	tax	NOUN
dem-2904	39	2	revenues	revenue	NOUN
dem-2904	39	3	from	from	ADP
dem-2904	39	4	oil	oil	NOUN
dem-2904	39	5	sector	sector	NOUN
dem-2904	39	6	are	be	AUX
dem-2904	39	7	an	an	DET
dem-2904	39	8	important	important	ADJ
dem-2904	39	9	part	part	NOUN
dem-2904	39	10	of	of	ADP
dem-2904	39	11	state	state	NOUN
dem-2904	39	12	income	income	NOUN
dem-2904	39	13	in	in	ADP
dem-2904	39	14	poland	poland	PROPN
dem-2904	39	15	(	(	PUNCT
dem-2904	39	16	in	in	ADP
dem-2904	39	17	2012	2012	NUM
dem-2904	39	18	tax	tax	NOUN
dem-2904	39	19	revenue	revenue	NOUN
dem-2904	39	20	reached	reach	VERB
dem-2904	39	21	ca	ca	PROPN
dem-2904	39	22	.	.	PUNCT
dem-2904	40	1	pln	pln	PROPN
dem-2904	40	2	52	52	NUM
dem-2904	40	3	billion	billion	NUM
dem-2904	40	4	.	.	PUNCT
dem-2904	41	1	the	the	DET
dem-2904	41	2	structure	structure	NOUN
dem-2904	41	3	of	of	ADP
dem-2904	41	4	taxes	taxis	NOUN
dem-2904	41	5	coming	come	VERB
dem-2904	41	6	from	from	ADP
dem-2904	41	7	oil	oil	NOUN
dem-2904	41	8	sector	sector	NOUN
dem-2904	41	9	was	be	AUX
dem-2904	41	10	dominated	dominate	VERB
dem-2904	41	11	by	by	ADP
dem-2904	41	12	an	an	DET
dem-2904	41	13	oil	oil	NOUN
dem-2904	41	14	excise	excise	NOUN
dem-2904	41	15	and	and	CCONJ
dem-2904	41	16	oil	oil	NOUN
dem-2904	41	17	vat	vat	NOUN
dem-2904	41	18	which	which	PRON
dem-2904	41	19	constituted	constitute	VERB
dem-2904	41	20	respectively	respectively	ADV
dem-2904	41	21	:	:	PUNCT
dem-2904	41	22	41	41	NUM
dem-2904	41	23	%	%	NOUN
dem-2904	41	24	of	of	ADP
dem-2904	41	25	total	total	ADJ
dem-2904	41	26	excise	excise	NOUN
dem-2904	41	27	and	and	CCONJ
dem-2904	41	28	16	16	NUM
dem-2904	41	29	%	%	NOUN
dem-2904	41	30	of	of	ADP
dem-2904	41	31	total	total	ADJ
dem-2904	41	32	vat	vat	NOUN
dem-2904	41	33	.	.	PUNCT
dem-2904	42	1	this	this	PRON
dem-2904	42	2	confirms	confirm	VERB
dem-2904	42	3	that	that	SCONJ
dem-2904	42	4	the	the	DET
dem-2904	42	5	oil	oil	NOUN
dem-2904	42	6	sector	sector	NOUN
dem-2904	42	7	is	be	AUX
dem-2904	42	8	of	of	ADP
dem-2904	42	9	importance	importance	NOUN
dem-2904	42	10	to	to	ADP
dem-2904	42	11	the	the	DET
dem-2904	42	12	budget	budget	NOUN
dem-2904	42	13	of	of	ADP
dem-2904	42	14	poland	poland	PROPN
dem-2904	42	15	.	.	PUNCT
dem-2904	43	1	consequently	consequently	ADV
dem-2904	43	2	,	,	PUNCT
dem-2904	43	3	the	the	DET
dem-2904	43	4	relation	relation	NOUN
dem-2904	43	5	between	between	ADP
dem-2904	43	6	crude	crude	ADJ
dem-2904	43	7	oil	oil	NOUN
dem-2904	43	8	prices	price	NOUN
dem-2904	43	9	volatility	volatility	NOUN
dem-2904	43	10	and	and	CCONJ
dem-2904	43	11	business	business	NOUN
dem-2904	43	12	cycle	cycle	NOUN
dem-2904	43	13	is	be	AUX
dem-2904	43	14	expected	expect	VERB
dem-2904	43	15	.	.	PUNCT
dem-2904	44	1	therefore	therefore	ADV
dem-2904	44	2	,	,	PUNCT
dem-2904	44	3	the	the	DET
dem-2904	44	4	analysis	analysis	NOUN
dem-2904	44	5	directed	direct	VERB
dem-2904	44	6	to	to	PART
dem-2904	44	7	evaluate	evaluate	VERB
dem-2904	44	8	the	the	DET
dem-2904	44	9	degree	degree	NOUN
dem-2904	44	10	to	to	PART
dem-2904	44	11	which	which	PRON
dem-2904	44	12	the	the	DET
dem-2904	44	13	crude	crude	ADJ
dem-2904	44	14	oil	oil	NOUN
dem-2904	44	15	price	price	NOUN
dem-2904	44	16	cycle	cycle	NOUN
dem-2904	44	17	is	be	AUX
dem-2904	44	18	correlated	correlate	VERB
dem-2904	44	19	and	and	CCONJ
dem-2904	44	20	synchronized	synchronize	VERB
dem-2904	44	21	with	with	ADP
dem-2904	44	22	business	business	NOUN
dem-2904	44	23	cycle	cycle	NOUN
dem-2904	44	24	is	be	AUX
dem-2904	44	25	needed	need	VERB
dem-2904	44	26	.	.	PUNCT
dem-2904	45	1	1	1	X
dem-2904	45	2	.	.	X
dem-2904	45	3	the	the	DET
dem-2904	45	4	relationship	relationship	NOUN
dem-2904	45	5	between	between	ADP
dem-2904	45	6	crude	crude	ADJ
dem-2904	45	7	oil	oil	NOUN
dem-2904	45	8	prices	price	NOUN
dem-2904	45	9	and	and	CCONJ
dem-2904	45	10	economic	economic	ADJ
dem-2904	45	11	activity	activity	NOUN
dem-2904	45	12	−	−	ADP
dem-2904	45	13	the	the	DET
dem-2904	45	14	literature	literature	NOUN
dem-2904	45	15	review	review	VERB
dem-2904	45	16	the	the	DET
dem-2904	45	17	economic	economic	ADJ
dem-2904	45	18	theory	theory	NOUN
dem-2904	45	19	suggests	suggest	VERB
dem-2904	45	20	that	that	SCONJ
dem-2904	45	21	assets	asset	NOUN
dem-2904	45	22	prices	price	NOUN
dem-2904	45	23	should	should	AUX
dem-2904	45	24	be	be	AUX
dem-2904	45	25	determined	determine	VERB
dem-2904	45	26	by	by	ADP
dem-2904	45	27	their	their	PRON
dem-2904	45	28	expected	expect	VERB
dem-2904	45	29	,	,	PUNCT
dem-2904	45	30	discounted	discount	VERB
dem-2904	45	31	cash	cash	NOUN
dem-2904	45	32	flows	flow	NOUN
dem-2904	45	33	.	.	PUNCT
dem-2904	46	1	then	then	ADV
dem-2904	46	2	,	,	PUNCT
dem-2904	46	3	every	every	DET
dem-2904	46	4	factor	factor	NOUN
dem-2904	46	5	influencing	influence	VERB
dem-2904	46	6	the	the	DET
dem-2904	46	7	discounted	discount	VERB
dem-2904	46	8	cash	cash	NOUN
dem-2904	46	9	flows	flow	NOUN
dem-2904	46	10	should	should	AUX
dem-2904	46	11	have	have	VERB
dem-2904	46	12	a	a	DET
dem-2904	46	13	significant	significant	ADJ
dem-2904	46	14	impact	impact	NOUN
dem-2904	46	15	on	on	ADP
dem-2904	46	16	assets	asset	NOUN
dem-2904	46	17	prices	price	NOUN
dem-2904	46	18	(	(	PUNCT
dem-2904	46	19	fisher	fisher	NOUN
dem-2904	46	20	,	,	PUNCT
dem-2904	46	21	1930	1930	NUM
dem-2904	46	22	)	)	PUNCT
dem-2904	46	23	.	.	PUNCT
dem-2904	47	1	expanding	expand	VERB
dem-2904	47	2	this	this	DET
dem-2904	47	3	rule	rule	NOUN
dem-2904	47	4	to	to	ADP
dem-2904	47	5	the	the	DET
dem-2904	47	6	crude	crude	ADJ
dem-2904	47	7	oil	oil	NOUN
dem-2904	47	8	prices	price	NOUN
dem-2904	47	9	we	we	PRON
dem-2904	47	10	have	have	VERB
dem-2904	47	11	that	that	SCONJ
dem-2904	47	12	every	every	DET
dem-2904	47	13	1	1	NUM
dem-2904	47	14	the	the	DET
dem-2904	47	15	brent	brent	PROPN
dem-2904	47	16	crude	crude	PROPN
dem-2904	47	17	oil	oil	NOUN
dem-2904	47	18	constitutes	constitute	VERB
dem-2904	47	19	the	the	DET
dem-2904	47	20	global	global	ADJ
dem-2904	47	21	benchmark	benchmark	NOUN
dem-2904	47	22	of	of	ADP
dem-2904	47	23	crude	crude	ADJ
dem-2904	47	24	oil	oil	NOUN
dem-2904	47	25	coming	come	VERB
dem-2904	47	26	from	from	ADP
dem-2904	47	27	north	north	PROPN
dem-2904	47	28	eastern	eastern	PROPN
dem-2904	47	29	europe	europe	PROPN
dem-2904	47	30	and	and	CCONJ
dem-2904	47	31	reflects	reflect	VERB
dem-2904	47	32	changes	change	NOUN
dem-2904	47	33	in	in	ADP
dem-2904	47	34	crude	crude	ADJ
dem-2904	47	35	oil	oil	NOUN
dem-2904	47	36	prices	price	NOUN
dem-2904	47	37	in	in	ADP
dem-2904	47	38	the	the	DET
dem-2904	47	39	european	european	PROPN
dem-2904	47	40	region	region	NOUN
dem-2904	47	41	.	.	PUNCT
dem-2904	48	1	2	2	NUM
dem-2904	48	2	e.g.	e.g.	ADV
dem-2904	48	3	oil	oil	NOUN
dem-2904	48	4	excise	excise	NOUN
dem-2904	48	5	as	as	ADP
dem-2904	48	6	percentage	percentage	NOUN
dem-2904	48	7	of	of	ADP
dem-2904	48	8	total	total	ADJ
dem-2904	48	9	excise	excise	NOUN
dem-2904	48	10	,	,	PUNCT
dem-2904	48	11	oil	oil	NOUN
dem-2904	48	12	vat	vat	NOUN
dem-2904	48	13	as	as	ADP
dem-2904	48	14	percentage	percentage	NOUN
dem-2904	48	15	of	of	ADP
dem-2904	48	16	total	total	ADJ
dem-2904	48	17	vat	vat	NOUN
dem-2904	48	18	,	,	PUNCT
dem-2904	48	19	etc	etc	X
dem-2904	48	20	.	.	X
dem-2904	48	21	andrzej	andrzej	PROPN
dem-2904	48	22	geise	geise	PROPN
dem-2904	48	23	,	,	PUNCT
dem-2904	48	24	mariola	mariola	PROPN
dem-2904	48	25	piłatowska	piłatowska	PROPN
dem-2904	48	26	dynamic	dynamic	ADJ
dem-2904	48	27	econometric	econometric	ADJ
dem-2904	48	28	models	model	NOUN
dem-2904	48	29	vol.13	vol.13	X
dem-2904	48	30	(	(	PUNCT
dem-2904	48	31	2013	2013	NUM
dem-2904	48	32	)	)	PUNCT
dem-2904	48	33	175–194	175–194	NUM
dem-2904	48	34	178	178	NUM
dem-2904	48	35	rise	rise	NOUN
dem-2904	48	36	in	in	ADP
dem-2904	48	37	crude	crude	ADJ
dem-2904	48	38	oil	oil	NOUN
dem-2904	48	39	prices	price	NOUN
dem-2904	48	40	entails	entail	VERB
dem-2904	48	41	the	the	DET
dem-2904	48	42	increase	increase	NOUN
dem-2904	48	43	of	of	ADP
dem-2904	48	44	production	production	NOUN
dem-2904	48	45	costs	cost	NOUN
dem-2904	48	46	which	which	PRON
dem-2904	48	47	causes	cause	VERB
dem-2904	48	48	the	the	DET
dem-2904	48	49	profits	profit	NOUN
dem-2904	48	50	and	and	CCONJ
dem-2904	48	51	capital	capital	NOUN
dem-2904	48	52	value	value	NOUN
dem-2904	48	53	to	to	PART
dem-2904	48	54	drop	drop	VERB
dem-2904	48	55	.	.	PUNCT
dem-2904	49	1	hence	hence	ADV
dem-2904	49	2	,	,	PUNCT
dem-2904	49	3	every	every	DET
dem-2904	49	4	rise	rise	NOUN
dem-2904	49	5	of	of	ADP
dem-2904	49	6	oil	oil	NOUN
dem-2904	49	7	prices	price	NOUN
dem-2904	49	8	brings	bring	VERB
dem-2904	49	9	on	on	ADP
dem-2904	49	10	the	the	DET
dem-2904	49	11	decrease	decrease	NOUN
dem-2904	49	12	of	of	ADP
dem-2904	49	13	stock	stock	NOUN
dem-2904	49	14	prices	price	NOUN
dem-2904	49	15	.	.	PUNCT
dem-2904	50	1	this	this	DET
dem-2904	50	2	effect	effect	NOUN
dem-2904	50	3	should	should	AUX
dem-2904	50	4	have	have	AUX
dem-2904	50	5	occurred	occur	VERB
dem-2904	50	6	both	both	PRON
dem-2904	50	7	for	for	ADP
dem-2904	50	8	crude	crude	ADJ
dem-2904	50	9	oil	oil	NOUN
dem-2904	50	10	exporters	exporter	NOUN
dem-2904	50	11	and	and	CCONJ
dem-2904	50	12	importers	importer	NOUN
dem-2904	50	13	.	.	PUNCT
dem-2904	51	1	however	however	ADV
dem-2904	51	2	,	,	PUNCT
dem-2904	51	3	many	many	ADJ
dem-2904	51	4	economists	economist	NOUN
dem-2904	51	5	discuss	discuss	VERB
dem-2904	51	6	whether	whether	SCONJ
dem-2904	51	7	the	the	DET
dem-2904	51	8	influence	influence	NOUN
dem-2904	51	9	of	of	ADP
dem-2904	51	10	oil	oil	NOUN
dem-2904	51	11	price	price	NOUN
dem-2904	51	12	dynamics	dynamic	NOUN
dem-2904	51	13	on	on	ADP
dem-2904	51	14	the	the	DET
dem-2904	51	15	stock	stock	NOUN
dem-2904	51	16	price	price	NOUN
dem-2904	51	17	dynamics	dynamic	NOUN
dem-2904	51	18	results	result	VERB
dem-2904	51	19	from	from	ADP
dem-2904	51	20	an	an	DET
dem-2904	51	21	indirect	indirect	ADJ
dem-2904	51	22	effect	effect	NOUN
dem-2904	51	23	which	which	PRON
dem-2904	51	24	is	be	AUX
dem-2904	51	25	escalated	escalate	VERB
dem-2904	51	26	by	by	ADP
dem-2904	51	27	the	the	DET
dem-2904	51	28	impact	impact	NOUN
dem-2904	51	29	of	of	ADP
dem-2904	51	30	macroeconomic	macroeconomic	ADJ
dem-2904	51	31	indicators	indicator	NOUN
dem-2904	51	32	.	.	PUNCT
dem-2904	52	1	according	accord	VERB
dem-2904	52	2	to	to	ADP
dem-2904	52	3	bjornland	bjornland	NOUN
dem-2904	52	4	(	(	PUNCT
dem-2904	52	5	2008	2008	NUM
dem-2904	52	6	)	)	PUNCT
dem-2904	52	7	and	and	CCONJ
dem-2904	52	8	jimenez	jimenez	PROPN
dem-2904	52	9	-	-	PUNCT
dem-2904	52	10	rodriguez	rodriguez	PROPN
dem-2904	52	11	,	,	PUNCT
dem-2904	52	12	sanchez	sanchez	NOUN
dem-2904	52	13	(	(	PUNCT
dem-2904	52	14	2005	2005	NUM
dem-2904	52	15	)	)	PUNCT
dem-2904	52	16	the	the	DET
dem-2904	52	17	rise	rise	NOUN
dem-2904	52	18	of	of	ADP
dem-2904	52	19	oil	oil	NOUN
dem-2904	52	20	prices	price	NOUN
dem-2904	52	21	has	have	VERB
dem-2904	52	22	a	a	DET
dem-2904	52	23	positive	positive	ADJ
dem-2904	52	24	effect	effect	NOUN
dem-2904	52	25	on	on	ADP
dem-2904	52	26	domestic	domestic	ADJ
dem-2904	52	27	income	income	NOUN
dem-2904	52	28	in	in	ADP
dem-2904	52	29	oil	oil	NOUN
dem-2904	52	30	exporting	export	VERB
dem-2904	52	31	countries	country	NOUN
dem-2904	52	32	.	.	PUNCT
dem-2904	53	1	also	also	ADV
dem-2904	53	2	,	,	PUNCT
dem-2904	53	3	the	the	DET
dem-2904	53	4	increase	increase	NOUN
dem-2904	53	5	in	in	ADP
dem-2904	53	6	expenditure	expenditure	NOUN
dem-2904	53	7	and	and	CCONJ
dem-2904	53	8	investment	investment	NOUN
dem-2904	53	9	is	be	AUX
dem-2904	53	10	expected	expect	VERB
dem-2904	53	11	which	which	PRON
dem-2904	53	12	as	as	ADP
dem-2904	53	13	a	a	DET
dem-2904	53	14	result	result	NOUN
dem-2904	53	15	will	will	AUX
dem-2904	53	16	cause	cause	VERB
dem-2904	53	17	the	the	DET
dem-2904	53	18	increase	increase	NOUN
dem-2904	53	19	of	of	ADP
dem-2904	53	20	productivity	productivity	NOUN
dem-2904	53	21	and	and	CCONJ
dem-2904	53	22	reduction	reduction	NOUN
dem-2904	53	23	of	of	ADP
dem-2904	53	24	unemployment	unemployment	NOUN
dem-2904	53	25	.	.	PUNCT
dem-2904	54	1	by	by	ADP
dem-2904	54	2	contrast	contrast	NOUN
dem-2904	54	3	,	,	PUNCT
dem-2904	54	4	in	in	ADP
dem-2904	54	5	oil	oil	NOUN
dem-2904	54	6	importing	import	VERB
dem-2904	54	7	countries	country	NOUN
dem-2904	54	8	every	every	DET
dem-2904	54	9	rise	rise	NOUN
dem-2904	54	10	in	in	ADP
dem-2904	54	11	oil	oil	NOUN
dem-2904	54	12	prices	price	NOUN
dem-2904	54	13	will	will	AUX
dem-2904	54	14	bring	bring	VERB
dem-2904	54	15	on	on	ADP
dem-2904	54	16	the	the	DET
dem-2904	54	17	opposite	opposite	ADJ
dem-2904	54	18	effect	effect	NOUN
dem-2904	54	19	,	,	PUNCT
dem-2904	54	20	in	in	ADP
dem-2904	54	21	the	the	DET
dem-2904	54	22	form	form	NOUN
dem-2904	54	23	of	of	ADP
dem-2904	54	24	decrease	decrease	NOUN
dem-2904	54	25	in	in	ADP
dem-2904	54	26	income	income	NOUN
dem-2904	54	27	(	(	PUNCT
dem-2904	54	28	bacon	bacon	NOUN
dem-2904	54	29	,	,	PUNCT
dem-2904	54	30	2005	2005	NUM
dem-2904	54	31	;	;	PUNCT
dem-2904	54	32	hooker	hooker	NOUN
dem-2904	54	33	,	,	PUNCT
dem-2904	54	34	2002	2002	NUM
dem-2904	54	35	)	)	PUNCT
dem-2904	54	36	.	.	PUNCT
dem-2904	55	1	rising	rise	VERB
dem-2904	55	2	oil	oil	NOUN
dem-2904	55	3	prices	price	NOUN
dem-2904	55	4	lead	lead	VERB
dem-2904	55	5	to	to	ADP
dem-2904	55	6	an	an	DET
dem-2904	55	7	increase	increase	NOUN
dem-2904	55	8	in	in	ADP
dem-2904	55	9	production	production	NOUN
dem-2904	55	10	costs	cost	NOUN
dem-2904	55	11	in	in	ADP
dem-2904	55	12	oil	oil	NOUN
dem-2904	55	13	-	-	PUNCT
dem-2904	55	14	importing	import	VERB
dem-2904	55	15	countries	country	NOUN
dem-2904	55	16	because	because	SCONJ
dem-2904	55	17	the	the	DET
dem-2904	55	18	crude	crude	ADJ
dem-2904	55	19	oil	oil	NOUN
dem-2904	55	20	is	be	AUX
dem-2904	55	21	the	the	DET
dem-2904	55	22	important	important	ADJ
dem-2904	55	23	input	input	NOUN
dem-2904	55	24	in	in	ADP
dem-2904	55	25	the	the	DET
dem-2904	55	26	production	production	NOUN
dem-2904	55	27	process	process	NOUN
dem-2904	55	28	(	(	PUNCT
dem-2904	55	29	arouri	arouri	PROPN
dem-2904	55	30	,	,	PUNCT
dem-2904	55	31	nguyen	nguyen	NOUN
dem-2904	55	32	,	,	PUNCT
dem-2904	55	33	2010	2010	NUM
dem-2904	55	34	;	;	PUNCT
dem-2904	55	35	backus	backus	NOUN
dem-2904	55	36	,	,	PUNCT
dem-2904	55	37	crucini	crucini	ADJ
dem-2904	55	38	,	,	PUNCT
dem-2904	55	39	2000	2000	NUM
dem-2904	55	40	;	;	PUNCT
dem-2904	55	41	kim	kim	PROPN
dem-2904	55	42	,	,	PUNCT
dem-2904	55	43	loungani	loungani	NOUN
dem-2904	55	44	,	,	PUNCT
dem-2904	55	45	1992	1992	NUM
dem-2904	55	46	)	)	PUNCT
dem-2904	55	47	.	.	PUNCT
dem-2904	56	1	the	the	DET
dem-2904	56	2	increase	increase	NOUN
dem-2904	56	3	in	in	ADP
dem-2904	56	4	costs	cost	NOUN
dem-2904	56	5	is	be	AUX
dem-2904	56	6	transferred	transfer	VERB
dem-2904	56	7	to	to	ADP
dem-2904	56	8	consumers	consumer	NOUN
dem-2904	56	9	by	by	ADP
dem-2904	56	10	increasing	increase	VERB
dem-2904	56	11	consumer	consumer	NOUN
dem-2904	56	12	prices	price	NOUN
dem-2904	56	13	,	,	PUNCT
dem-2904	56	14	and	and	CCONJ
dem-2904	56	15	this	this	PRON
dem-2904	56	16	leads	lead	VERB
dem-2904	56	17	to	to	ADP
dem-2904	56	18	the	the	DET
dem-2904	56	19	reduction	reduction	NOUN
dem-2904	56	20	of	of	ADP
dem-2904	56	21	demand	demand	NOUN
dem-2904	56	22	and	and	CCONJ
dem-2904	56	23	consumer	consumer	NOUN
dem-2904	56	24	expenditure	expenditure	NOUN
dem-2904	56	25	.	.	PUNCT
dem-2904	57	1	the	the	DET
dem-2904	57	2	decrease	decrease	NOUN
dem-2904	57	3	in	in	ADP
dem-2904	57	4	demand	demand	NOUN
dem-2904	57	5	may	may	AUX
dem-2904	57	6	result	result	VERB
dem-2904	57	7	in	in	ADP
dem-2904	57	8	an	an	DET
dem-2904	57	9	decrease	decrease	NOUN
dem-2904	57	10	in	in	ADP
dem-2904	57	11	production	production	NOUN
dem-2904	57	12	,	,	PUNCT
dem-2904	57	13	and	and	CCONJ
dem-2904	57	14	hence	hence	ADV
dem-2904	57	15	in	in	ADP
dem-2904	57	16	an	an	DET
dem-2904	57	17	increase	increase	NOUN
dem-2904	57	18	in	in	ADP
dem-2904	57	19	unemployment	unemployment	NOUN
dem-2904	57	20	.	.	PUNCT
dem-2904	58	1	consequently	consequently	ADV
dem-2904	58	2	,	,	PUNCT
dem-2904	58	3	the	the	DET
dem-2904	58	4	reaction	reaction	NOUN
dem-2904	58	5	of	of	ADP
dem-2904	58	6	stock	stock	NOUN
dem-2904	58	7	market	market	NOUN
dem-2904	58	8	will	will	AUX
dem-2904	58	9	be	be	AUX
dem-2904	58	10	negative	negative	ADJ
dem-2904	58	11	.	.	PUNCT
dem-2904	59	1	however	however	ADV
dem-2904	59	2	,	,	PUNCT
dem-2904	59	3	it	it	PRON
dem-2904	59	4	should	should	AUX
dem-2904	59	5	be	be	AUX
dem-2904	59	6	remembered	remember	VERB
dem-2904	59	7	that	that	SCONJ
dem-2904	59	8	the	the	DET
dem-2904	59	9	influence	influence	NOUN
dem-2904	59	10	of	of	ADP
dem-2904	59	11	oil	oil	NOUN
dem-2904	59	12	shocks	shock	NOUN
dem-2904	59	13	on	on	ADP
dem-2904	59	14	stock	stock	NOUN
dem-2904	59	15	market	market	NOUN
dem-2904	59	16	depends	depend	VERB
dem-2904	59	17	on	on	ADP
dem-2904	59	18	the	the	DET
dem-2904	59	19	type	type	NOUN
dem-2904	59	20	of	of	ADP
dem-2904	59	21	shock	shock	NOUN
dem-2904	59	22	(	(	PUNCT
dem-2904	59	23	demand	demand	NOUN
dem-2904	59	24	or	or	CCONJ
dem-2904	59	25	supply	supply	NOUN
dem-2904	59	26	shock	shock	NOUN
dem-2904	59	27	)	)	PUNCT
dem-2904	59	28	.	.	PUNCT
dem-2904	60	1	in	in	ADP
dem-2904	60	2	the	the	DET
dem-2904	60	3	case	case	NOUN
dem-2904	60	4	of	of	ADP
dem-2904	60	5	demand	demand	NOUN
dem-2904	60	6	shock	shock	VERB
dem-2904	60	7	the	the	DET
dem-2904	60	8	stock	stock	NOUN
dem-2904	60	9	market	market	NOUN
dem-2904	60	10	is	be	AUX
dem-2904	60	11	supposed	suppose	VERB
dem-2904	60	12	to	to	PART
dem-2904	60	13	react	react	VERB
dem-2904	60	14	positively	positively	ADV
dem-2904	60	15	,	,	PUNCT
dem-2904	60	16	and	and	CCONJ
dem-2904	60	17	in	in	ADP
dem-2904	60	18	the	the	DET
dem-2904	60	19	case	case	NOUN
dem-2904	60	20	of	of	ADP
dem-2904	60	21	supply	supply	NOUN
dem-2904	60	22	shock	shock	NOUN
dem-2904	60	23	−	−	PROPN
dem-2904	60	24	negatively	negatively	ADV
dem-2904	60	25	(	(	PUNCT
dem-2904	60	26	hamilton	hamilton	PROPN
dem-2904	60	27	,	,	PUNCT
dem-2904	60	28	1988	1988	NUM
dem-2904	60	29	,	,	PUNCT
dem-2904	60	30	2006	2006	NUM
dem-2904	60	31	;	;	PUNCT
dem-2904	60	32	abel	abel	PROPN
dem-2904	60	33	,	,	PUNCT
dem-2904	60	34	bernanke	bernanke	PROPN
dem-2904	60	35	,	,	PUNCT
dem-2904	60	36	2001	2001	NUM
dem-2904	60	37	;	;	PUNCT
dem-2904	60	38	brown	brown	PROPN
dem-2904	60	39	,	,	PUNCT
dem-2904	60	40	yucel	yucel	PROPN
dem-2904	60	41	,	,	PUNCT
dem-2904	60	42	1999	1999	NUM
dem-2904	60	43	,	,	PUNCT
dem-2904	60	44	2002	2002	NUM
dem-2904	60	45	)	)	PUNCT
dem-2904	60	46	.	.	PUNCT
dem-2904	61	1	summing	sum	VERB
dem-2904	61	2	up	up	ADP
dem-2904	61	3	,	,	PUNCT
dem-2904	61	4	rising	rise	VERB
dem-2904	61	5	oil	oil	NOUN
dem-2904	61	6	prices	price	NOUN
dem-2904	61	7	may	may	AUX
dem-2904	61	8	lead	lead	VERB
dem-2904	61	9	to	to	ADP
dem-2904	61	10	positive	positive	ADJ
dem-2904	61	11	economic	economic	ADJ
dem-2904	61	12	effects	effect	NOUN
dem-2904	61	13	(	(	PUNCT
dem-2904	61	14	like	like	ADP
dem-2904	61	15	an	an	DET
dem-2904	61	16	increase	increase	NOUN
dem-2904	61	17	in	in	ADP
dem-2904	61	18	domestic	domestic	ADJ
dem-2904	61	19	income	income	NOUN
dem-2904	61	20	)	)	PUNCT
dem-2904	61	21	in	in	ADP
dem-2904	61	22	oil	oil	NOUN
dem-2904	61	23	exporting	export	VERB
dem-2904	61	24	countries	country	NOUN
dem-2904	61	25	,	,	PUNCT
dem-2904	61	26	and	and	CCONJ
dem-2904	61	27	negative	negative	ADJ
dem-2904	61	28	ones	one	NOUN
dem-2904	61	29	(	(	PUNCT
dem-2904	61	30	like	like	ADP
dem-2904	61	31	a	a	DET
dem-2904	61	32	decrease	decrease	NOUN
dem-2904	61	33	in	in	ADP
dem-2904	61	34	domestic	domestic	ADJ
dem-2904	61	35	income	income	NOUN
dem-2904	61	36	)	)	PUNCT
dem-2904	61	37	in	in	ADP
dem-2904	61	38	oil	oil	NOUN
dem-2904	61	39	importing	import	VERB
dem-2904	61	40	countries	country	NOUN
dem-2904	61	41	.	.	PUNCT
dem-2904	62	1	studying	study	VERB
dem-2904	62	2	relationship	relationship	NOUN
dem-2904	62	3	between	between	ADP
dem-2904	62	4	the	the	DET
dem-2904	62	5	oil	oil	NOUN
dem-2904	62	6	price	price	NOUN
dem-2904	62	7	volatility	volatility	NOUN
dem-2904	62	8	and	and	CCONJ
dem-2904	62	9	economic	economic	ADJ
dem-2904	62	10	activity	activity	NOUN
dem-2904	62	11	many	many	ADJ
dem-2904	62	12	economists	economist	NOUN
dem-2904	62	13	have	have	AUX
dem-2904	62	14	suggested	suggest	VERB
dem-2904	62	15	that	that	SCONJ
dem-2904	62	16	the	the	DET
dem-2904	62	17	indirect	indirect	ADJ
dem-2904	62	18	transmission	transmission	NOUN
dem-2904	62	19	mechanism	mechanism	NOUN
dem-2904	62	20	may	may	AUX
dem-2904	62	21	have	have	VERB
dem-2904	62	22	a	a	DET
dem-2904	62	23	fundamental	fundamental	ADJ
dem-2904	62	24	impact	impact	NOUN
dem-2904	62	25	in	in	ADP
dem-2904	62	26	indentifying	indentifye	VERB
dem-2904	62	27	which	which	DET
dem-2904	62	28	oil	oil	NOUN
dem-2904	62	29	price	price	NOUN
dem-2904	62	30	shocks	shock	NOUN
dem-2904	62	31	are	be	AUX
dem-2904	62	32	important	important	ADJ
dem-2904	62	33	from	from	ADP
dem-2904	62	34	a	a	DET
dem-2904	62	35	macroeconomic	macroeconomic	ADJ
dem-2904	62	36	point	point	NOUN
dem-2904	62	37	of	of	ADP
dem-2904	62	38	view	view	NOUN
dem-2904	62	39	.	.	PUNCT
dem-2904	63	1	for	for	ADP
dem-2904	63	2	example	example	NOUN
dem-2904	63	3	,	,	PUNCT
dem-2904	63	4	loungani	loungani	X
dem-2904	63	5	(	(	PUNCT
dem-2904	63	6	1986	1986	NUM
dem-2904	63	7	)	)	PUNCT
dem-2904	63	8	and	and	CCONJ
dem-2904	63	9	davis	davis	PROPN
dem-2904	63	10	,	,	PUNCT
dem-2904	63	11	haltiwanger	haltiwanger	NOUN
dem-2904	63	12	(	(	PUNCT
dem-2904	63	13	2001	2001	NUM
dem-2904	63	14	)	)	PUNCT
dem-2904	63	15	investigated	investigate	VERB
dem-2904	63	16	the	the	DET
dem-2904	63	17	relationship	relationship	NOUN
dem-2904	63	18	between	between	ADP
dem-2904	63	19	oil	oil	NOUN
dem-2904	63	20	prices	price	NOUN
dem-2904	63	21	and	and	CCONJ
dem-2904	63	22	employment	employment	NOUN
dem-2904	63	23	market	market	NOUN
dem-2904	63	24	;	;	PUNCT
dem-2904	63	25	bernanke	bernanke	PROPN
dem-2904	63	26	(	(	PUNCT
dem-2904	63	27	1983	1983	NUM
dem-2904	63	28	)	)	PUNCT
dem-2904	63	29	and	and	CCONJ
dem-2904	63	30	dixit	dixit	PROPN
dem-2904	63	31	,	,	PUNCT
dem-2904	63	32	pindyck	pindyck	X
dem-2904	63	33	(	(	PUNCT
dem-2904	63	34	1994	1994	NUM
dem-2904	63	35	)	)	PUNCT
dem-2904	63	36	analyzed	analyze	VERB
dem-2904	63	37	connections	connection	NOUN
dem-2904	63	38	of	of	ADP
dem-2904	63	39	oil	oil	NOUN
dem-2904	63	40	prices	price	NOUN
dem-2904	63	41	and	and	CCONJ
dem-2904	63	42	uncertainty	uncertainty	NOUN
dem-2904	63	43	of	of	ADP
dem-2904	63	44	investment	investment	NOUN
dem-2904	63	45	;	;	PUNCT
dem-2904	63	46	hamilton	hamilton	PROPN
dem-2904	63	47	(	(	PUNCT
dem-2904	63	48	1988	1988	NUM
dem-2904	63	49	)	)	PUNCT
dem-2904	63	50	and	and	CCONJ
dem-2904	63	51	lee	lee	PROPN
dem-2904	63	52	,	,	PUNCT
dem-2904	63	53	ni	ni	PROPN
dem-2904	63	54	(	(	PUNCT
dem-2904	63	55	2002	2002	NUM
dem-2904	63	56	)	)	PUNCT
dem-2904	63	57	studied	study	VERB
dem-2904	63	58	the	the	DET
dem-2904	63	59	ability	ability	NOUN
dem-2904	63	60	of	of	ADP
dem-2904	63	61	oil	oil	NOUN
dem-2904	63	62	price	price	NOUN
dem-2904	63	63	volatility	volatility	NOUN
dem-2904	63	64	to	to	PART
dem-2904	63	65	smooth	smooth	VERB
dem-2904	63	66	the	the	DET
dem-2904	63	67	consumption	consumption	NOUN
dem-2904	63	68	in	in	ADP
dem-2904	63	69	durable	durable	ADJ
dem-2904	63	70	goods	good	NOUN
dem-2904	63	71	sector	sector	NOUN
dem-2904	63	72	;	;	PUNCT
dem-2904	63	73	pierce	pierce	PROPN
dem-2904	63	74	,	,	PUNCT
dem-2904	63	75	enzler	enzler	NOUN
dem-2904	63	76	(	(	PUNCT
dem-2904	63	77	1974	1974	NUM
dem-2904	63	78	)	)	PUNCT
dem-2904	63	79	and	and	CCONJ
dem-2904	63	80	bruno	bruno	PROPN
dem-2904	63	81	,	,	PUNCT
dem-2904	63	82	sachs	sachs	PROPN
dem-2904	63	83	(	(	PUNCT
dem-2904	63	84	1982	1982	NUM
dem-2904	63	85	)	)	PUNCT
dem-2904	63	86	analyzed	analyze	VERB
dem-2904	63	87	the	the	DET
dem-2904	63	88	impact	impact	NOUN
dem-2904	63	89	of	of	ADP
dem-2904	63	90	oil	oil	NOUN
dem-2904	63	91	price	price	NOUN
dem-2904	63	92	volatility	volatility	NOUN
dem-2904	63	93	on	on	ADP
dem-2904	63	94	inflation	inflation	NOUN
dem-2904	63	95	.	.	PUNCT
dem-2904	64	1	it	it	PRON
dem-2904	64	2	should	should	AUX
dem-2904	64	3	be	be	AUX
dem-2904	64	4	emphasized	emphasize	VERB
dem-2904	64	5	that	that	SCONJ
dem-2904	64	6	these	these	DET
dem-2904	64	7	studies	study	NOUN
dem-2904	64	8	did	do	AUX
dem-2904	64	9	not	not	PART
dem-2904	64	10	decide	decide	VERB
dem-2904	64	11	clearly	clearly	ADV
dem-2904	64	12	neither	neither	CCONJ
dem-2904	64	13	about	about	ADP
dem-2904	64	14	the	the	DET
dem-2904	64	15	impact	impact	NOUN
dem-2904	64	16	of	of	ADP
dem-2904	64	17	crude	crude	ADJ
dem-2904	64	18	oil	oil	NOUN
dem-2904	64	19	price	price	NOUN
dem-2904	64	20	on	on	ADP
dem-2904	64	21	economic	economic	ADJ
dem-2904	64	22	growth	growth	NOUN
dem-2904	64	23	,	,	PUNCT
dem-2904	64	24	nor	nor	CCONJ
dem-2904	64	25	the	the	DET
dem-2904	64	26	impact	impact	NOUN
dem-2904	64	27	of	of	ADP
dem-2904	64	28	synchronization	synchronization	NOUN
dem-2904	64	29	of	of	ADP
dem-2904	64	30	crude	crude	ADJ
dem-2904	64	31	oil	oil	NOUN
dem-2904	64	32	price	price	NOUN
dem-2904	64	33	cycle	cycle	NOUN
dem-2904	64	34	and	and	CCONJ
dem-2904	64	35	business	business	NOUN
dem-2904	64	36	cycle	cycle	NOUN
dem-2904	64	37	...	...	PUNCT
dem-2904	64	38	dynamic	dynamic	ADJ
dem-2904	64	39	econometric	econometric	ADJ
dem-2904	64	40	models	model	NOUN
dem-2904	64	41	vol	vol	NOUN
dem-2904	64	42	.	.	PROPN
dem-2904	64	43	13	13	NUM
dem-2904	64	44	(	(	PUNCT
dem-2904	64	45	2013	2013	NUM
dem-2904	64	46	)	)	PUNCT
dem-2904	65	1	175–194	175–194	NUM
dem-2904	65	2	179	179	NUM
dem-2904	65	3	economic	economic	ADJ
dem-2904	65	4	growth	growth	NOUN
dem-2904	65	5	on	on	ADP
dem-2904	65	6	oil	oil	NOUN
dem-2904	65	7	price	price	NOUN
dem-2904	65	8	levels	level	NOUN
dem-2904	65	9	.	.	PUNCT
dem-2904	66	1	therefore	therefore	ADV
dem-2904	66	2	,	,	PUNCT
dem-2904	66	3	it	it	PRON
dem-2904	66	4	is	be	AUX
dem-2904	66	5	important	important	ADJ
dem-2904	66	6	to	to	PART
dem-2904	66	7	investigate	investigate	VERB
dem-2904	66	8	how	how	SCONJ
dem-2904	66	9	the	the	DET
dem-2904	66	10	oil	oil	NOUN
dem-2904	66	11	shocks	shock	NOUN
dem-2904	66	12	are	be	AUX
dem-2904	66	13	transmitted	transmit	VERB
dem-2904	66	14	into	into	ADP
dem-2904	66	15	economic	economic	ADJ
dem-2904	66	16	activity	activity	NOUN
dem-2904	66	17	.	.	PUNCT
dem-2904	67	1	2	2	X
dem-2904	67	2	.	.	NUM
dem-2904	67	3	univariate	univariate	ADJ
dem-2904	67	4	markov	markov	NOUN
dem-2904	67	5	switching	switching	NOUN
dem-2904	67	6	model	model	NOUN
dem-2904	67	7	in	in	ADP
dem-2904	67	8	recent	recent	ADJ
dem-2904	67	9	years	year	NOUN
dem-2904	67	10	many	many	ADJ
dem-2904	67	11	theoretical	theoretical	ADJ
dem-2904	67	12	and	and	CCONJ
dem-2904	67	13	empirical	empirical	ADJ
dem-2904	67	14	business	business	NOUN
dem-2904	67	15	cycle	cycle	NOUN
dem-2904	67	16	studies	study	NOUN
dem-2904	67	17	have	have	AUX
dem-2904	67	18	analyzed	analyze	VERB
dem-2904	67	19	the	the	DET
dem-2904	67	20	co	co	NOUN
dem-2904	67	21	-	-	NOUN
dem-2904	67	22	movements	movement	NOUN
dem-2904	67	23	of	of	ADP
dem-2904	67	24	macroeconomic	macroeconomic	ADJ
dem-2904	67	25	time	time	NOUN
dem-2904	67	26	series	series	NOUN
dem-2904	67	27	and	and	CCONJ
dem-2904	67	28	the	the	DET
dem-2904	67	29	regime	regime	NOUN
dem-2904	67	30	-	-	PUNCT
dem-2904	67	31	switching	switch	VERB
dem-2904	67	32	nature	nature	NOUN
dem-2904	67	33	of	of	ADP
dem-2904	67	34	macroeconomic	macroeconomic	ADJ
dem-2904	67	35	activity	activity	NOUN
dem-2904	67	36	.	.	PUNCT
dem-2904	68	1	as	as	SCONJ
dem-2904	68	2	the	the	DET
dem-2904	68	3	statistical	statistical	ADJ
dem-2904	68	4	measurement	measurement	NOUN
dem-2904	68	5	of	of	ADP
dem-2904	68	6	macroeconomic	macroeconomic	ADJ
dem-2904	68	7	fluctuations	fluctuation	NOUN
dem-2904	68	8	the	the	DET
dem-2904	68	9	markov	markov	NOUN
dem-2904	68	10	-	-	PUNCT
dem-2904	68	11	switching	switch	VERB
dem-2904	68	12	autoregressive	autoregressive	ADJ
dem-2904	68	13	time	time	NOUN
dem-2904	68	14	series	series	NOUN
dem-2904	68	15	model	model	NOUN
dem-2904	68	16	has	have	AUX
dem-2904	68	17	become	become	VERB
dem-2904	68	18	increasingly	increasingly	ADV
dem-2904	68	19	popular	popular	ADJ
dem-2904	68	20	since	since	SCONJ
dem-2904	68	21	hamilton	hamilton	PROPN
dem-2904	68	22	's	's	PART
dem-2904	68	23	(	(	PUNCT
dem-2904	68	24	1989	1989	NUM
dem-2904	68	25	)	)	PUNCT
dem-2904	68	26	application	application	NOUN
dem-2904	68	27	of	of	ADP
dem-2904	68	28	this	this	DET
dem-2904	68	29	technique	technique	NOUN
dem-2904	68	30	to	to	PART
dem-2904	68	31	measure	measure	VERB
dem-2904	68	32	the	the	DET
dem-2904	68	33	us	us	PROPN
dem-2904	68	34	business	business	NOUN
dem-2904	68	35	cycle	cycle	NOUN
dem-2904	68	36	.	.	PUNCT
dem-2904	69	1	in	in	ADP
dem-2904	69	2	the	the	DET
dem-2904	69	3	markov	markov	NOUN
dem-2904	69	4	-	-	PUNCT
dem-2904	69	5	switching	switch	VERB
dem-2904	69	6	models	model	NOUN
dem-2904	69	7	the	the	DET
dem-2904	69	8	recessions	recession	NOUN
dem-2904	69	9	and	and	CCONJ
dem-2904	69	10	expansions	expansion	NOUN
dem-2904	69	11	are	be	AUX
dem-2904	69	12	modeled	model	VERB
dem-2904	69	13	as	as	ADP
dem-2904	69	14	switching	switch	VERB
dem-2904	69	15	regimes	regime	NOUN
dem-2904	69	16	of	of	ADP
dem-2904	69	17	the	the	DET
dem-2904	69	18	stochastic	stochastic	ADJ
dem-2904	69	19	process	process	NOUN
dem-2904	69	20	generating	generate	VERB
dem-2904	69	21	the	the	DET
dem-2904	69	22	growth	growth	NOUN
dem-2904	69	23	rate	rate	NOUN
dem-2904	69	24	of	of	ADP
dem-2904	69	25	economic	economic	ADJ
dem-2904	69	26	activity	activity	NOUN
dem-2904	69	27	indicator	indicator	NOUN
dem-2904	69	28	,	,	PUNCT
dem-2904	69	29	e.g.	e.g.	ADV
dem-2904	69	30	gdp	gdp	NOUN
dem-2904	69	31	(	(	PUNCT
dem-2904	69	32	artis	artis	PROPN
dem-2904	69	33	et	et	PROPN
dem-2904	69	34	al	al	PROPN
dem-2904	69	35	.	.	PROPN
dem-2904	69	36	,	,	PUNCT
dem-2904	69	37	2004	2004	NUM
dem-2904	69	38	)	)	PUNCT
dem-2904	69	39	.	.	PUNCT
dem-2904	70	1	the	the	DET
dem-2904	70	2	general	general	ADJ
dem-2904	70	3	form	form	NOUN
dem-2904	70	4	of	of	ADP
dem-2904	70	5	switching	switch	VERB
dem-2904	70	6	model	model	NOUN
dem-2904	70	7	for	for	ADP
dem-2904	70	8	growth	growth	NOUN
dem-2904	70	9	rate	rate	NOUN
dem-2904	70	10	of	of	ADP
dem-2904	70	11	gross	gross	ADJ
dem-2904	70	12	output	output	NOUN
dem-2904	70	13	tyδ	tyδ	PROPN
dem-2904	70	14	can	can	AUX
dem-2904	70	15	be	be	AUX
dem-2904	70	16	written	write	VERB
dem-2904	70	17	(	(	PUNCT
dem-2904	70	18	krolzig	krolzig	PROPN
dem-2904	70	19	,	,	PUNCT
dem-2904	70	20	toro	toro	PROPN
dem-2904	70	21	,	,	PUNCT
dem-2904	70	22	2005	2005	NUM
dem-2904	70	23	):	):	PUNCT
dem-2904	70	24	,	,	PUNCT
dem-2904	70	25	)	)	PUNCT
dem-2904	70	26	(	(	PUNCT
dem-2904	70	27	...	...	PUNCT
dem-2904	70	28	)	)	PUNCT
dem-2904	70	29	(	(	PUNCT
dem-2904	70	30	111	111	NUM
dem-2904	70	31	tsqtqstst	tsqtqstst	NOUN
dem-2904	70	32	qttt	qttt	NOUN
dem-2904	70	33	yyy	yyy	PROPN
dem-2904	70	34	εμαμαμ	εμαμαμ	VERB
dem-2904	70	35	+	+	NOUN
dem-2904	70	36	−δ++−δ=−δ	−δ++−δ=−δ	ADJ
dem-2904	70	37	−−	−−	NOUN
dem-2904	70	38	−−	−−	NOUN
dem-2904	70	39	(	(	PUNCT
dem-2904	70	40	1	1	NUM
dem-2904	70	41	)	)	PUNCT
dem-2904	70	42	where	where	SCONJ
dem-2904	70	43	(	(	PUNCT
dem-2904	70	44	)	)	PUNCT
dem-2904	70	45	2,0~	2,0~	PROPN
dem-2904	70	46	σε	σε	AUX
dem-2904	70	47	nt	not	PART
dem-2904	70	48	is	be	AUX
dem-2904	70	49	an	an	DET
dem-2904	70	50	independent	independent	ADJ
dem-2904	70	51	and	and	CCONJ
dem-2904	70	52	identically	identically	ADV
dem-2904	70	53	distributed	distribute	VERB
dem-2904	70	54	series	series	NOUN
dem-2904	70	55	with	with	ADP
dem-2904	70	56	zero	zero	NUM
dem-2904	70	57	mean	mean	NOUN
dem-2904	70	58	and	and	CCONJ
dem-2904	70	59	finite	finite	ADJ
dem-2904	70	60	variance	variance	NOUN
dem-2904	70	61	,	,	PUNCT
dem-2904	70	62	{	{	PUNCT
dem-2904	70	63	}	}	PUNCT
dem-2904	70	64	mst	mst	PROPN
dem-2904	70	65	,	,	PUNCT
dem-2904	70	66	...	...	PUNCT
dem-2904	70	67	,	,	PUNCT
dem-2904	70	68	1∈	1∈	PROPN
dem-2904	70	69	−	−	PROPN
dem-2904	70	70	regime	regime	NOUN
dem-2904	70	71	variable	variable	NOUN
dem-2904	70	72	.	.	PUNCT
dem-2904	71	1	the	the	DET
dem-2904	71	2	regimes	regime	NOUN
dem-2904	71	3	are	be	AUX
dem-2904	71	4	associated	associate	VERB
dem-2904	71	5	with	with	ADP
dem-2904	71	6	different	different	ADJ
dem-2904	71	7	conditional	conditional	ADJ
dem-2904	71	8	distributions	distribution	NOUN
dem-2904	71	9	of	of	ADP
dem-2904	71	10	the	the	DET
dem-2904	71	11	growth	growth	NOUN
dem-2904	71	12	rate	rate	NOUN
dem-2904	71	13	of	of	ADP
dem-2904	71	14	real	real	ADJ
dem-2904	71	15	output	output	NOUN
dem-2904	71	16	,	,	PUNCT
dem-2904	71	17	where	where	SCONJ
dem-2904	71	18	the	the	DET
dem-2904	71	19	mean	mean	ADJ
dem-2904	71	20	tsμ	tsμ	NOUN
dem-2904	71	21	depends	depend	VERB
dem-2904	71	22	on	on	ADP
dem-2904	71	23	the	the	DET
dem-2904	71	24	value	value	NOUN
dem-2904	71	25	of	of	ADP
dem-2904	71	26	a	a	DET
dem-2904	71	27	discrete	discrete	ADJ
dem-2904	71	28	state	state	NOUN
dem-2904	71	29	variable	variable	NOUN
dem-2904	71	30	.ts	.ts	PUNCT
dem-2904	72	1	for	for	ADP
dem-2904	72	2	instance	instance	NOUN
dem-2904	72	3	,	,	PUNCT
dem-2904	72	4	in	in	ADP
dem-2904	72	5	two	two	NUM
dem-2904	72	6	-	-	PUNCT
dem-2904	72	7	regime	regime	NOUN
dem-2904	72	8	model	model	NOUN
dem-2904	72	9	the	the	DET
dem-2904	72	10	mean	mean	NOUN
dem-2904	72	11	may	may	AUX
dem-2904	72	12	be	be	AUX
dem-2904	72	13	negative	negative	ADJ
dem-2904	72	14	in	in	ADP
dem-2904	72	15	the	the	DET
dem-2904	72	16	first	first	ADJ
dem-2904	72	17	regime	regime	NOUN
dem-2904	72	18	(	(	PUNCT
dem-2904	72	19	recession	recession	NOUN
dem-2904	72	20	)	)	PUNCT
dem-2904	72	21	,	,	PUNCT
dem-2904	72	22	,	,	PUNCT
dem-2904	72	23	01	01	NUM
dem-2904	72	24	<	<	X
dem-2904	72	25	μ	μ	PROPN
dem-2904	72	26	and	and	CCONJ
dem-2904	72	27	positive	positive	ADJ
dem-2904	72	28	in	in	ADP
dem-2904	72	29	the	the	DET
dem-2904	72	30	second	second	ADJ
dem-2904	72	31	regime	regime	NOUN
dem-2904	72	32	(	(	PUNCT
dem-2904	72	33	expansion	expansion	NOUN
dem-2904	72	34	)	)	PUNCT
dem-2904	72	35	,	,	PUNCT
dem-2904	72	36	.02	.02	NUM
dem-2904	72	37	>	>	PUNCT
dem-2904	72	38	μ	μ	NOUN
dem-2904	72	39	the	the	DET
dem-2904	72	40	variance	variance	NOUN
dem-2904	72	41	of	of	ADP
dem-2904	72	42	the	the	DET
dem-2904	72	43	disturbance	disturbance	NOUN
dem-2904	72	44	term	term	NOUN
dem-2904	72	45	tε	tε	PROPN
dem-2904	72	46	is	be	AUX
dem-2904	72	47	assumed	assume	VERB
dem-2904	72	48	to	to	PART
dem-2904	72	49	be	be	AUX
dem-2904	72	50	the	the	DET
dem-2904	72	51	same	same	ADJ
dem-2904	72	52	in	in	ADP
dem-2904	72	53	both	both	DET
dem-2904	72	54	regimes	regime	NOUN
dem-2904	72	55	(	(	PUNCT
dem-2904	72	56	artis	artis	PROPN
dem-2904	72	57	et	et	PROPN
dem-2904	72	58	al	al	PROPN
dem-2904	72	59	.	.	PROPN
dem-2904	72	60	,	,	PUNCT
dem-2904	72	61	2004	2004	NUM
dem-2904	72	62	)	)	PUNCT
dem-2904	72	63	.	.	PUNCT
dem-2904	73	1	the	the	DET
dem-2904	73	2	general	general	ADJ
dem-2904	73	3	idea	idea	NOUN
dem-2904	73	4	behind	behind	ADP
dem-2904	73	5	the	the	DET
dem-2904	73	6	class	class	NOUN
dem-2904	73	7	of	of	ADP
dem-2904	73	8	regime	regime	NOUN
dem-2904	73	9	-	-	PUNCT
dem-2904	73	10	switching	switch	VERB
dem-2904	73	11	models	model	NOUN
dem-2904	73	12	is	be	AUX
dem-2904	73	13	that	that	SCONJ
dem-2904	73	14	the	the	DET
dem-2904	73	15	parameters	parameter	NOUN
dem-2904	73	16	of	of	ADP
dem-2904	73	17	equation	equation	NOUN
dem-2904	73	18	(	(	PUNCT
dem-2904	73	19	1	1	X
dem-2904	73	20	)	)	PUNCT
dem-2904	73	21	depend	depend	VERB
dem-2904	73	22	upon	upon	SCONJ
dem-2904	73	23	a	a	DET
dem-2904	73	24	stochastic	stochastic	NOUN
dem-2904	73	25	,	,	PUNCT
dem-2904	73	26	non	non	ADJ
dem-2904	73	27	-	-	ADJ
dem-2904	73	28	observable	observable	ADJ
dem-2904	73	29	regime	regime	NOUN
dem-2904	73	30	variable	variable	NOUN
dem-2904	73	31	{	{	PUNCT
dem-2904	73	32	}	}	PUNCT
dem-2904	73	33	.,	.,	NUM
dem-2904	73	34	...	...	PUNCT
dem-2904	73	35	,1	,1	PUNCT
dem-2904	73	36	mst	mst	PROPN
dem-2904	73	37	∈	∈	PROPN
dem-2904	73	38	the	the	DET
dem-2904	73	39	stochastic	stochastic	ADJ
dem-2904	73	40	process	process	NOUN
dem-2904	73	41	generating	generate	VERB
dem-2904	73	42	the	the	DET
dem-2904	73	43	unobservable	unobservable	ADJ
dem-2904	73	44	regimes	regime	NOUN
dem-2904	73	45	is	be	AUX
dem-2904	73	46	an	an	DET
dem-2904	73	47	ergodic	ergodic	ADJ
dem-2904	73	48	markov	markov	NOUN
dem-2904	73	49	chain	chain	NOUN
dem-2904	73	50	defined	define	VERB
dem-2904	73	51	by	by	ADP
dem-2904	73	52	the	the	DET
dem-2904	73	53	transition	transition	NOUN
dem-2904	73	54	probabilities	probability	NOUN
dem-2904	73	55	(	(	PUNCT
dem-2904	73	56	artis	artis	PROPN
dem-2904	73	57	et	et	PROPN
dem-2904	73	58	al	al	PROPN
dem-2904	73	59	.	.	PROPN
dem-2904	73	60	,	,	PUNCT
dem-2904	73	61	2004	2004	NUM
dem-2904	73	62	;	;	PUNCT
dem-2904	73	63	kośko	kośko	NOUN
dem-2904	73	64	,	,	PUNCT
dem-2904	73	65	2006	2006	NUM
dem-2904	73	66	;	;	PUNCT
dem-2904	73	67	stawicki	stawicki	NOUN
dem-2904	73	68	,	,	PUNCT
dem-2904	73	69	2004	2004	NUM
dem-2904	73	70	)	)	PUNCT
dem-2904	73	71	:	:	PUNCT
dem-2904	73	72	(	(	PUNCT
dem-2904	73	73	)	)	PUNCT
dem-2904	73	74	,	,	PUNCT
dem-2904	73	75	|pr	|pr	DET
dem-2904	73	76	1	1	NUM
dem-2904	73	77	isjsp	isjsp	NOUN
dem-2904	73	78	ttij	ttij	NOUN
dem-2904	73	79	=	=	NOUN
dem-2904	73	80	=	=	SYM
dem-2904	73	81	=	=	X
dem-2904	74	1	+	+	NUM
dem-2904	74	2	1	1	NUM
dem-2904	74	3	1	1	NUM
dem-2904	74	4	=	=	NOUN
dem-2904	74	5	∑	∑	SYM
dem-2904	74	6	=	=	PROPN
dem-2904	74	7	m	m	PROPN
dem-2904	74	8	j	j	NOUN
dem-2904	74	9	ijp	ijp	ADV
dem-2904	74	10	{	{	PUNCT
dem-2904	74	11	}	}	PUNCT
dem-2904	74	12	.,	.,	NUM
dem-2904	74	13	...	...	PUNCT
dem-2904	74	14	,1	,1	ADJ
dem-2904	74	15	,	,	PUNCT
dem-2904	74	16	mji	mji	ADJ
dem-2904	74	17	∈∀	∈∀	NOUN
dem-2904	74	18	(	(	PUNCT
dem-2904	74	19	2	2	NUM
dem-2904	74	20	)	)	PUNCT
dem-2904	74	21	to	to	PART
dem-2904	74	22	highlight	highlight	VERB
dem-2904	74	23	the	the	DET
dem-2904	74	24	stylized	stylize	VERB
dem-2904	74	25	fact	fact	NOUN
dem-2904	74	26	of	of	ADP
dem-2904	74	27	growth	growth	NOUN
dem-2904	74	28	output	output	NOUN
dem-2904	74	29	,	,	PUNCT
dem-2904	74	30	i.e.	i.e.	X
dem-2904	74	31	greater	great	ADJ
dem-2904	74	32	volatility	volatility	NOUN
dem-2904	74	33	in	in	ADP
dem-2904	74	34	recessions	recession	NOUN
dem-2904	74	35	than	than	ADP
dem-2904	74	36	expansions	expansion	NOUN
dem-2904	74	37	,	,	PUNCT
dem-2904	74	38	the	the	DET
dem-2904	74	39	approach	approach	NOUN
dem-2904	74	40	with	with	ADP
dem-2904	74	41	time	time	NOUN
dem-2904	74	42	-	-	PUNCT
dem-2904	74	43	dependence	dependence	NOUN
dem-2904	74	44	in	in	ADP
dem-2904	74	45	the	the	DET
dem-2904	74	46	variances	variance	NOUN
dem-2904	74	47	of	of	ADP
dem-2904	74	48	the	the	DET
dem-2904	74	49	growth	growth	NOUN
dem-2904	74	50	output	output	NOUN
dem-2904	74	51	depending	depend	VERB
dem-2904	74	52	on	on	ADP
dem-2904	74	53	the	the	DET
dem-2904	74	54	regime	regime	NOUN
dem-2904	74	55	can	can	AUX
dem-2904	74	56	be	be	AUX
dem-2904	74	57	used	use	VERB
dem-2904	74	58	.	.	PUNCT
dem-2904	75	1	andrzej	andrzej	PROPN
dem-2904	75	2	geise	geise	PROPN
dem-2904	75	3	,	,	PUNCT
dem-2904	75	4	mariola	mariola	PROPN
dem-2904	75	5	piłatowska	piłatowska	PROPN
dem-2904	75	6	dynamic	dynamic	ADJ
dem-2904	75	7	econometric	econometric	ADJ
dem-2904	75	8	models	model	NOUN
dem-2904	75	9	vol.13	vol.13	X
dem-2904	75	10	(	(	PUNCT
dem-2904	75	11	2013	2013	NUM
dem-2904	75	12	)	)	PUNCT
dem-2904	76	1	175–194	175–194	NUM
dem-2904	76	2	180	180	NUM
dem-2904	76	3	in	in	ADP
dem-2904	76	4	this	this	DET
dem-2904	76	5	paper	paper	NOUN
dem-2904	76	6	the	the	DET
dem-2904	76	7	markov	markov	NOUN
dem-2904	76	8	two	two	NUM
dem-2904	76	9	regime	regime	NOUN
dem-2904	76	10	-	-	PUNCT
dem-2904	76	11	switching	switch	VERB
dem-2904	76	12	autoregressive	autoregressive	ADJ
dem-2904	76	13	model	model	NOUN
dem-2904	76	14	with	with	ADP
dem-2904	76	15	regime	regime	NOUN
dem-2904	76	16	-	-	PUNCT
dem-2904	76	17	dependent	dependent	ADJ
dem-2904	76	18	intercepts	intercept	NOUN
dem-2904	76	19	,	,	PUNCT
dem-2904	76	20	variances	variance	NOUN
dem-2904	76	21	and	and	CCONJ
dem-2904	76	22	autoregressive	autoregressive	ADJ
dem-2904	76	23	parameters	parameter	NOUN
dem-2904	76	24	will	will	AUX
dem-2904	76	25	be	be	AUX
dem-2904	76	26	applied	apply	VERB
dem-2904	76	27	.	.	PUNCT
dem-2904	77	1	3	3	X
dem-2904	77	2	.	.	X
dem-2904	77	3	brent	brent	PROPN
dem-2904	77	4	crude	crude	PROPN
dem-2904	77	5	oil	oil	NOUN
dem-2904	77	6	price	price	NOUN
dem-2904	77	7	cycle	cycle	NOUN
dem-2904	77	8	in	in	ADP
dem-2904	77	9	1995−2013	1995−2013	NUM
dem-2904	77	10	period	period	NOUN
dem-2904	77	11	the	the	DET
dem-2904	77	12	data	datum	NOUN
dem-2904	77	13	correspond	correspond	VERB
dem-2904	77	14	to	to	ADP
dem-2904	77	15	monthly	monthly	ADJ
dem-2904	77	16	brent	brent	PROPN
dem-2904	77	17	crude	crude	ADJ
dem-2904	77	18	oil	oil	NOUN
dem-2904	77	19	prices	price	NOUN
dem-2904	77	20	from	from	ADP
dem-2904	77	21	january	january	PROPN
dem-2904	77	22	1995	1995	NUM
dem-2904	77	23	to	to	ADP
dem-2904	77	24	april	april	PROPN
dem-2904	77	25	2013	2013	NUM
dem-2904	77	26	(	(	PUNCT
dem-2904	77	27	220	220	NUM
dem-2904	77	28	observations	observation	NOUN
dem-2904	77	29	in	in	ADP
dem-2904	77	30	us	us	PROPN
dem-2904	77	31	dollars	dollar	NOUN
dem-2904	77	32	per	per	ADP
dem-2904	77	33	barrel	barrel	NOUN
dem-2904	77	34	)	)	PUNCT
dem-2904	77	35	and	and	CCONJ
dem-2904	77	36	were	be	AUX
dem-2904	77	37	drawn	draw	VERB
dem-2904	77	38	from	from	ADP
dem-2904	77	39	the	the	DET
dem-2904	77	40	u.s	u.s	PROPN
dem-2904	77	41	.	.	PROPN
dem-2904	77	42	energy	energy	PROPN
dem-2904	77	43	information	information	PROPN
dem-2904	77	44	administration	administration	PROPN
dem-2904	77	45	database	database	NOUN
dem-2904	77	46	.	.	PUNCT
dem-2904	78	1	based	base	VERB
dem-2904	78	2	on	on	ADP
dem-2904	78	3	these	these	DET
dem-2904	78	4	data	datum	NOUN
dem-2904	78	5	the	the	DET
dem-2904	78	6	two	two	NUM
dem-2904	78	7	-	-	PUNCT
dem-2904	78	8	regime	regime	NOUN
dem-2904	78	9	markov	markov	NOUN
dem-2904	78	10	switching	switching	NOUN
dem-2904	78	11	model	model	NOUN
dem-2904	78	12	was	be	AUX
dem-2904	78	13	estimated	estimate	VERB
dem-2904	78	14	where	where	SCONJ
dem-2904	78	15	regime	regime	NOUN
dem-2904	78	16	1	1	NUM
dem-2904	78	17	stands	stand	VERB
dem-2904	78	18	for	for	ADP
dem-2904	78	19	the	the	DET
dem-2904	78	20	drops	drop	NOUN
dem-2904	78	21	in	in	ADP
dem-2904	78	22	crude	crude	ADJ
dem-2904	78	23	oil	oil	NOUN
dem-2904	78	24	prices	price	NOUN
dem-2904	78	25	and	and	CCONJ
dem-2904	78	26	regime	regime	NOUN
dem-2904	78	27	2	2	NUM
dem-2904	78	28	stands	stand	VERB
dem-2904	78	29	for	for	ADP
dem-2904	78	30	the	the	DET
dem-2904	78	31	rises	rise	NOUN
dem-2904	78	32	in	in	ADP
dem-2904	78	33	crude	crude	ADJ
dem-2904	78	34	oil	oil	NOUN
dem-2904	78	35	prices	price	NOUN
dem-2904	78	36	.	.	PUNCT
dem-2904	79	1	we	we	PRON
dem-2904	79	2	consider	consider	VERB
dem-2904	79	3	a	a	DET
dem-2904	79	4	two	two	NUM
dem-2904	79	5	-	-	PUNCT
dem-2904	79	6	regime	regime	NOUN
dem-2904	79	7	switching	switch	VERB
dem-2904	79	8	markov	markov	NOUN
dem-2904	79	9	model	model	NOUN
dem-2904	79	10	where	where	SCONJ
dem-2904	79	11	the	the	DET
dem-2904	79	12	logs	log	NOUN
dem-2904	79	13	of	of	ADP
dem-2904	79	14	crude	crude	ADJ
dem-2904	79	15	oil	oil	NOUN
dem-2904	79	16	prices	price	NOUN
dem-2904	79	17	are	be	AUX
dem-2904	79	18	modeled	model	VERB
dem-2904	79	19	in	in	ADP
dem-2904	79	20	first	first	ADJ
dem-2904	79	21	differences	difference	NOUN
dem-2904	79	22	:	:	PUNCT
dem-2904	79	23	)	)	PUNCT
dem-2904	79	24	,	,	PUNCT
dem-2904	79	25	,	,	PUNCT
dem-2904	79	26	0(~|	0(~|	PROPN
dem-2904	79	27	,	,	PUNCT
dem-2904	79	28	2	2	NUM
dem-2904	79	29	1	1	NUM
dem-2904	79	30	,	,	PUNCT
dem-2904	79	31	ttt	ttt	PROPN
dem-2904	79	32	sttt	sttt	PROPN
dem-2904	79	33	q	q	PROPN
dem-2904	79	34	j	j	PROPN
dem-2904	79	35	jtsjst	jtsjst	PROPN
dem-2904	79	36	iidscc	iidscc	PROPN
dem-2904	79	37	σξξγμ	σξξγμ	ADJ
dem-2904	79	38	+	+	ADP
dem-2904	79	39	δ+=δ	δ+=δ	NOUN
dem-2904	79	40	∑	∑	ADP
dem-2904	79	41	=	=	SYM
dem-2904	79	42	−	−	PROPN
dem-2904	79	43	(	(	PUNCT
dem-2904	79	44	3	3	NUM
dem-2904	79	45	)	)	PUNCT
dem-2904	79	46	where	where	SCONJ
dem-2904	79	47	tcδ	tcδ	PROPN
dem-2904	79	48	stands	stand	VERB
dem-2904	79	49	for	for	ADP
dem-2904	79	50	the	the	DET
dem-2904	79	51	log	log	NOUN
dem-2904	79	52	first	first	ADJ
dem-2904	79	53	differences	difference	NOUN
dem-2904	79	54	of	of	ADP
dem-2904	79	55	brent	brent	PROPN
dem-2904	79	56	crude	crude	PROPN
dem-2904	79	57	oil	oil	NOUN
dem-2904	79	58	prices3	prices3	PROPN
dem-2904	79	59	,	,	PUNCT
dem-2904	79	60	2	2	NUM
dem-2904	79	61	,	,	PUNCT
dem-2904	79	62	,	,	PUNCT
dem-2904	79	63	,	,	PUNCT
dem-2904	79	64	ttt	ttt	PROPN
dem-2904	79	65	ssjs	ssjs	PROPN
dem-2904	79	66	σγμ	σγμ	VERB
dem-2904	79	67	−	−	PROPN
dem-2904	79	68	denote	denote	VERB
dem-2904	79	69	regime	regime	NOUN
dem-2904	79	70	-	-	PUNCT
dem-2904	79	71	dependent	dependent	ADJ
dem-2904	79	72	intercept	intercept	NOUN
dem-2904	79	73	,	,	PUNCT
dem-2904	79	74	autoregressive	autoregressive	ADJ
dem-2904	79	75	parameters	parameter	NOUN
dem-2904	79	76	and	and	CCONJ
dem-2904	79	77	variance	variance	NOUN
dem-2904	79	78	of	of	ADP
dem-2904	79	79	disturbance	disturbance	NOUN
dem-2904	79	80	term	term	NOUN
dem-2904	79	81	tξ	tξ	ADP
dem-2904	79	82	respectively	respectively	ADV
dem-2904	79	83	.	.	PUNCT
dem-2904	80	1	the	the	DET
dem-2904	80	2	unobserved	unobserved	ADJ
dem-2904	80	3	variable	variable	ADJ
dem-2904	80	4	1	1	NUM
dem-2904	80	5	=	=	NUM
dem-2904	80	6	ts	ts	NOUN
dem-2904	80	7	in	in	ADP
dem-2904	80	8	the	the	DET
dem-2904	80	9	first	first	ADJ
dem-2904	80	10	regime	regime	NOUN
dem-2904	80	11	(	(	PUNCT
dem-2904	80	12	drop	drop	NOUN
dem-2904	80	13	in	in	ADP
dem-2904	80	14	oil	oil	NOUN
dem-2904	80	15	prices	price	NOUN
dem-2904	80	16	)	)	PUNCT
dem-2904	80	17	and	and	CCONJ
dem-2904	80	18	2	2	NUM
dem-2904	80	19	=	=	NOUN
dem-2904	80	20	ts	ts	NOUN
dem-2904	80	21	in	in	ADP
dem-2904	80	22	the	the	DET
dem-2904	80	23	second	second	ADJ
dem-2904	80	24	regime	regime	NOUN
dem-2904	80	25	(	(	PUNCT
dem-2904	80	26	rise	rise	VERB
dem-2904	80	27	in	in	ADP
dem-2904	80	28	oil	oil	NOUN
dem-2904	80	29	prices	price	NOUN
dem-2904	80	30	)	)	PUNCT
dem-2904	80	31	.	.	PUNCT
dem-2904	81	1	the	the	DET
dem-2904	81	2	markov	markov	NOUN
dem-2904	81	3	-	-	PUNCT
dem-2904	81	4	switching	switch	VERB
dem-2904	81	5	autoregressive	autoregressive	ADJ
dem-2904	81	6	models	model	NOUN
dem-2904	81	7	allowing	allow	VERB
dem-2904	81	8	the	the	DET
dem-2904	81	9	switches	switch	NOUN
dem-2904	81	10	between	between	ADP
dem-2904	81	11	regimes	regime	NOUN
dem-2904	81	12	in	in	ADP
dem-2904	81	13	different	different	ADJ
dem-2904	81	14	parameters	parameter	NOUN
dem-2904	81	15	according	accord	VERB
dem-2904	81	16	to	to	ADP
dem-2904	81	17	a	a	DET
dem-2904	81	18	hidden	hide	VERB
dem-2904	81	19	markov	markov	NOUN
dem-2904	81	20	chain	chain	NOUN
dem-2904	81	21	were	be	AUX
dem-2904	81	22	chosen	choose	VERB
dem-2904	81	23	based	base	VERB
dem-2904	81	24	on	on	ADP
dem-2904	81	25	the	the	DET
dem-2904	81	26	akaike	akaike	ADJ
dem-2904	81	27	information	information	NOUN
dem-2904	81	28	criterion	criterion	NOUN
dem-2904	81	29	(	(	PUNCT
dem-2904	81	30	aic	aic	PROPN
dem-2904	81	31	)	)	PUNCT
dem-2904	81	32	and	and	CCONJ
dem-2904	81	33	loglikelihood	loglikelihood	NOUN
dem-2904	81	34	function	function	NOUN
dem-2904	81	35	(	(	PUNCT
dem-2904	81	36	ll	ll	NOUN
dem-2904	81	37	)	)	PUNCT
dem-2904	81	38	.	.	PUNCT
dem-2904	82	1	we	we	PRON
dem-2904	82	2	considered	consider	VERB
dem-2904	82	3	four	four	NUM
dem-2904	82	4	types	type	NOUN
dem-2904	82	5	of	of	ADP
dem-2904	82	6	markov	markov	NOUN
dem-2904	82	7	switching	switching	NOUN
dem-2904	82	8	models	model	NOUN
dem-2904	82	9	introducing	introduce	VERB
dem-2904	82	10	switches	switch	NOUN
dem-2904	82	11	in	in	ADP
dem-2904	82	12	the	the	DET
dem-2904	82	13	intercept	intercept	NOUN
dem-2904	82	14	(	(	PUNCT
dem-2904	82	15	msi	msi	PROPN
dem-2904	82	16	)	)	PUNCT
dem-2904	82	17	,	,	PUNCT
dem-2904	82	18	in	in	ADP
dem-2904	82	19	intercept	intercept	NOUN
dem-2904	82	20	and	and	CCONJ
dem-2904	82	21	variance	variance	NOUN
dem-2904	82	22	(	(	PUNCT
dem-2904	82	23	msih	msih	NOUN
dem-2904	82	24	)	)	PUNCT
dem-2904	82	25	,	,	PUNCT
dem-2904	82	26	in	in	ADP
dem-2904	82	27	intercept	intercept	NOUN
dem-2904	82	28	and	and	CCONJ
dem-2904	82	29	autoregressive	autoregressive	ADJ
dem-2904	82	30	parameters	parameter	NOUN
dem-2904	82	31	(	(	PUNCT
dem-2904	82	32	msia	msia	PROPN
dem-2904	82	33	)	)	PUNCT
dem-2904	82	34	and	and	CCONJ
dem-2904	82	35	in	in	ADP
dem-2904	82	36	intercept	intercept	NOUN
dem-2904	82	37	,	,	PUNCT
dem-2904	82	38	variance	variance	NOUN
dem-2904	82	39	and	and	CCONJ
dem-2904	82	40	autoregressive	autoregressive	ADJ
dem-2904	82	41	parameters	parameter	NOUN
dem-2904	82	42	(	(	PUNCT
dem-2904	82	43	msiha	msiha	PROPN
dem-2904	82	44	)	)	PUNCT
dem-2904	82	45	.	.	PUNCT
dem-2904	83	1	the	the	DET
dem-2904	83	2	value	value	NOUN
dem-2904	83	3	of	of	ADP
dem-2904	83	4	aic	aic	PROPN
dem-2904	83	5	and	and	CCONJ
dem-2904	83	6	loglik	loglik	NOUN
dem-2904	83	7	for	for	ADP
dem-2904	83	8	different	different	ADJ
dem-2904	83	9	ms	ms	PROPN
dem-2904	83	10	-	-	PUNCT
dem-2904	83	11	ar	ar	NOUN
dem-2904	83	12	models4	models4	NOUN
dem-2904	83	13	are	be	AUX
dem-2904	83	14	given	give	VERB
dem-2904	83	15	in	in	ADP
dem-2904	83	16	table	table	NOUN
dem-2904	83	17	2	2	NUM
dem-2904	83	18	.	.	SYM
dem-2904	83	19	3	3	NUM
dem-2904	83	20	to	to	PART
dem-2904	83	21	test	test	VERB
dem-2904	83	22	the	the	DET
dem-2904	83	23	non	non	NOUN
dem-2904	83	24	-	-	NOUN
dem-2904	83	25	stationarity	stationarity	NOUN
dem-2904	83	26	of	of	ADP
dem-2904	83	27	the	the	DET
dem-2904	83	28	logs	log	NOUN
dem-2904	83	29	of	of	ADP
dem-2904	83	30	brent	brent	PROPN
dem-2904	83	31	crude	crude	PROPN
dem-2904	83	32	oil	oil	NOUN
dem-2904	83	33	prices	price	NOUN
dem-2904	83	34	the	the	DET
dem-2904	83	35	adf	adf	PROPN
dem-2904	83	36	test	test	NOUN
dem-2904	83	37	was	be	AUX
dem-2904	83	38	used	use	VERB
dem-2904	83	39	.	.	PUNCT
dem-2904	84	1	the	the	DET
dem-2904	84	2	adf	adf	PROPN
dem-2904	84	3	statistic	statistic	NOUN
dem-2904	84	4	for	for	ADP
dem-2904	84	5	log	log	NOUN
dem-2904	84	6	-	-	PUNCT
dem-2904	84	7	levels	level	NOUN
dem-2904	84	8	amounts	amount	VERB
dem-2904	84	9	0.85	0.85	NUM
dem-2904	84	10	(	(	PUNCT
dem-2904	84	11	p=0.89	p=0.89	NOUN
dem-2904	84	12	)	)	PUNCT
dem-2904	84	13	−	−	PROPN
dem-2904	84	14	without	without	ADP
dem-2904	84	15	intercept	intercept	NOUN
dem-2904	84	16	,	,	PUNCT
dem-2904	84	17	and	and	CCONJ
dem-2904	84	18	−3.6	−3.6	PROPN
dem-2904	84	19	(	(	PUNCT
dem-2904	84	20	p=0.03	p=0.03	ADJ
dem-2904	84	21	)	)	PUNCT
dem-2904	84	22	−	−	NOUN
dem-2904	84	23	with	with	ADP
dem-2904	84	24	intercept	intercept	NOUN
dem-2904	84	25	and	and	CCONJ
dem-2904	84	26	trend	trend	NOUN
dem-2904	84	27	,	,	PUNCT
dem-2904	84	28	and	and	CCONJ
dem-2904	84	29	for	for	ADP
dem-2904	84	30	log	log	NOUN
dem-2904	84	31	-	-	PUNCT
dem-2904	84	32	first	first	ADJ
dem-2904	84	33	differences	difference	NOUN
dem-2904	84	34	:	:	PUNCT
dem-2904	84	35	−6.76	−6.76	PROPN
dem-2904	84	36	(	(	PUNCT
dem-2904	84	37	p=0.00	p=0.00	PROPN
dem-2904	84	38	)	)	PUNCT
dem-2904	84	39	−	−	PROPN
dem-2904	84	40	without	without	ADP
dem-2904	84	41	intercept	intercept	NOUN
dem-2904	84	42	,	,	PUNCT
dem-2904	84	43	and	and	CCONJ
dem-2904	84	44	−6.92	−6.92	PROPN
dem-2904	84	45	(	(	PUNCT
dem-2904	84	46	p=0.00	p=0.00	PROPN
dem-2904	84	47	)	)	PUNCT
dem-2904	84	48	−	−	NOUN
dem-2904	84	49	with	with	ADP
dem-2904	84	50	intercept	intercept	NOUN
dem-2904	84	51	and	and	CCONJ
dem-2904	84	52	trend	trend	NOUN
dem-2904	84	53	.	.	PUNCT
dem-2904	85	1	this	this	PRON
dem-2904	85	2	indicates	indicate	VERB
dem-2904	85	3	that	that	SCONJ
dem-2904	85	4	the	the	DET
dem-2904	85	5	log	log	NOUN
dem-2904	85	6	-	-	PUNCT
dem-2904	85	7	levels	level	NOUN
dem-2904	85	8	of	of	ADP
dem-2904	85	9	crude	crude	ADJ
dem-2904	85	10	oil	oil	NOUN
dem-2904	85	11	prices	price	NOUN
dem-2904	85	12	are	be	AUX
dem-2904	85	13	non	non	ADJ
dem-2904	85	14	-	-	ADJ
dem-2904	85	15	stationary	stationary	ADJ
dem-2904	85	16	and	and	CCONJ
dem-2904	85	17	become	become	VERB
dem-2904	85	18	stationary	stationary	ADJ
dem-2904	85	19	when	when	SCONJ
dem-2904	85	20	they	they	PRON
dem-2904	85	21	are	be	AUX
dem-2904	85	22	first	first	ADV
dem-2904	85	23	differenced	difference	VERB
dem-2904	85	24	.	.	PUNCT
dem-2904	86	1	therefore	therefore	ADV
dem-2904	86	2	the	the	DET
dem-2904	86	3	log	log	NOUN
dem-2904	86	4	-	-	PUNCT
dem-2904	86	5	differences	difference	NOUN
dem-2904	86	6	of	of	ADP
dem-2904	86	7	crude	crude	ADJ
dem-2904	86	8	oil	oil	NOUN
dem-2904	86	9	prices	price	NOUN
dem-2904	86	10	are	be	AUX
dem-2904	86	11	used	use	VERB
dem-2904	86	12	in	in	ADP
dem-2904	86	13	further	further	ADJ
dem-2904	86	14	analysis	analysis	NOUN
dem-2904	86	15	.	.	PUNCT
dem-2904	87	1	4	4	NUM
dem-2904	87	2	in	in	ADP
dem-2904	87	3	this	this	DET
dem-2904	87	4	paper	paper	NOUN
dem-2904	87	5	we	we	PRON
dem-2904	87	6	focus	focus	VERB
dem-2904	87	7	on	on	ADP
dem-2904	87	8	the	the	DET
dem-2904	87	9	maximum	maximum	ADJ
dem-2904	87	10	likelihood	likelihood	NOUN
dem-2904	87	11	estimation	estimation	NOUN
dem-2904	87	12	of	of	ADP
dem-2904	87	13	parameters	parameter	NOUN
dem-2904	87	14	.	.	PUNCT
dem-2904	88	1	all	all	DET
dem-2904	88	2	the	the	DET
dem-2904	88	3	calculations	calculation	NOUN
dem-2904	88	4	in	in	ADP
dem-2904	88	5	the	the	DET
dem-2904	88	6	paper	paper	NOUN
dem-2904	88	7	were	be	AUX
dem-2904	88	8	carried	carry	VERB
dem-2904	88	9	out	out	ADP
dem-2904	88	10	in	in	ADP
dem-2904	88	11	oxmetrics6	oxmetrics6	PROPN
dem-2904	88	12	.	.	PUNCT
dem-2904	89	1	synchronization	synchronization	NOUN
dem-2904	89	2	of	of	ADP
dem-2904	89	3	crude	crude	ADJ
dem-2904	89	4	oil	oil	NOUN
dem-2904	89	5	price	price	NOUN
dem-2904	89	6	cycle	cycle	NOUN
dem-2904	89	7	and	and	CCONJ
dem-2904	89	8	business	business	NOUN
dem-2904	89	9	cycle	cycle	NOUN
dem-2904	89	10	...	...	PUNCT
dem-2904	89	11	dynamic	dynamic	ADJ
dem-2904	89	12	econometric	econometric	ADJ
dem-2904	89	13	models	model	NOUN
dem-2904	89	14	vol	vol	NOUN
dem-2904	89	15	.	.	PROPN
dem-2904	89	16	13	13	NUM
dem-2904	89	17	(	(	PUNCT
dem-2904	89	18	2013	2013	NUM
dem-2904	89	19	)	)	PUNCT
dem-2904	90	1	175–194	175–194	NUM
dem-2904	90	2	181	181	NUM
dem-2904	90	3	table	table	NOUN
dem-2904	90	4	2	2	NUM
dem-2904	90	5	.	.	PUNCT
dem-2904	91	1	the	the	DET
dem-2904	91	2	akaike	akaike	ADJ
dem-2904	91	3	information	information	NOUN
dem-2904	91	4	criterion	criterion	NOUN
dem-2904	91	5	(	(	PUNCT
dem-2904	91	6	aic	aic	PROPN
dem-2904	91	7	)	)	PUNCT
dem-2904	91	8	and	and	CCONJ
dem-2904	91	9	log	log	NOUN
dem-2904	91	10	-	-	PUNCT
dem-2904	91	11	likelihood	likelihood	NOUN
dem-2904	91	12	function	function	NOUN
dem-2904	91	13	(	(	PUNCT
dem-2904	91	14	ll	ll	NOUN
dem-2904	91	15	)	)	PUNCT
dem-2904	91	16	for	for	ADP
dem-2904	91	17	the	the	DET
dem-2904	91	18	univariate	univariate	ADJ
dem-2904	91	19	markov	markov	NOUN
dem-2904	91	20	switching	switching	NOUN
dem-2904	91	21	model	model	NOUN
dem-2904	91	22	for	for	ADP
dem-2904	91	23	the	the	DET
dem-2904	91	24	crude	crude	ADJ
dem-2904	91	25	oil	oil	NOUN
dem-2904	91	26	prices	price	NOUN
dem-2904	91	27	,	,	PUNCT
dem-2904	91	28	january	january	PROPN
dem-2904	91	29	1995	1995	NUM
dem-2904	91	30	to	to	ADP
dem-2904	91	31	april	april	PROPN
dem-2904	91	32	2013	2013	NUM
dem-2904	91	33	markov	markov	NOUN
dem-2904	91	34	switching	switching	NOUN
dem-2904	91	35	model	model	NOUN
dem-2904	91	36	aic	aic	PROPN
dem-2904	91	37	ll	ll	PROPN
dem-2904	91	38	msi(2)-ar(1	msi(2)-ar(1	PROPN
dem-2904	91	39	)	)	PUNCT
dem-2904	91	40	–	–	PUNCT
dem-2904	91	41	674.27	674.27	NUM
dem-2904	91	42	343.13	343.13	NUM
dem-2904	91	43	msih(2)-ar(1	msih(2)-ar(1	X
dem-2904	91	44	)	)	PUNCT
dem-2904	91	45	–	–	PUNCT
dem-2904	91	46	672.48	672.48	NUM
dem-2904	91	47	343.24	343.24	NUM
dem-2904	91	48	msia(2)-ar(1	msia(2)-ar(1	NUM
dem-2904	91	49	)	)	PUNCT
dem-2904	91	50	–	–	PUNCT
dem-2904	91	51	687.23	687.23	NUM
dem-2904	91	52	350.61	350.61	NUM
dem-2904	91	53	msiha(2)-ar(1	msiha(2)-ar(1	NOUN
dem-2904	91	54	)	)	PUNCT
dem-2904	91	55	–	–	PUNCT
dem-2904	91	56	678.62	678.62	NUM
dem-2904	91	57	347.31	347.31	NUM
dem-2904	91	58	msi(2)-ar(2	msi(2)-ar(2	PROPN
dem-2904	91	59	)	)	PUNCT
dem-2904	91	60	–	–	PUNCT
dem-2904	91	61	715.86	715.86	NUM
dem-2904	91	62	364.86	364.86	NUM
dem-2904	91	63	msih(2)-ar(2	msih(2)-ar(2	NOUN
dem-2904	91	64	)	)	PUNCT
dem-2904	91	65	–	–	PUNCT
dem-2904	91	66	722.10	722.10	NUM
dem-2904	91	67	369.05	369.05	NUM
dem-2904	91	68	msia(2)-ar(2	msia(2)-ar(2	NOUN
dem-2904	91	69	)	)	PUNCT
dem-2904	91	70	–	–	PUNCT
dem-2904	91	71	716.98	716.98	NUM
dem-2904	91	72	368.49	368.49	NUM
dem-2904	91	73	msiha(2)-ar(2	msiha(2)-ar(2	NOUN
dem-2904	91	74	)	)	PUNCT
dem-2904	91	75	–	–	PUNCT
dem-2904	91	76	719.35	719.35	NUM
dem-2904	91	77	368.57	368.57	NUM
dem-2904	91	78	table	table	NOUN
dem-2904	91	79	3	3	NUM
dem-2904	91	80	.	.	PUNCT
dem-2904	91	81	univariate	univariate	ADJ
dem-2904	91	82	msih(2)-ar(2	msih(2)-ar(2	NOUN
dem-2904	91	83	)	)	PUNCT
dem-2904	91	84	model	model	NOUN
dem-2904	91	85	for	for	ADP
dem-2904	91	86	brent	brent	PROPN
dem-2904	91	87	crude	crude	PROPN
dem-2904	91	88	oil	oil	NOUN
dem-2904	91	89	prices	price	NOUN
dem-2904	91	90	parameters	parameter	NOUN
dem-2904	91	91	parameters	parameter	NOUN
dem-2904	91	92	estimates	estimate	VERB
dem-2904	91	93	p	p	ADJ
dem-2904	91	94	-	-	PUNCT
dem-2904	91	95	value	value	NOUN
dem-2904	91	96	regime	regime	NOUN
dem-2904	91	97	-	-	PUNCT
dem-2904	91	98	dependent	dependent	ADJ
dem-2904	91	99	intercepts	intercept	NOUN
dem-2904	91	100	μ1	μ1	NOUN
dem-2904	91	101	–	–	PUNCT
dem-2904	91	102	0.0063	0.0063	NUM
dem-2904	91	103	(	(	PUNCT
dem-2904	91	104	0.0149	0.0149	NUM
dem-2904	91	105	)	)	PUNCT
dem-2904	91	106	0.102	0.102	NUM
dem-2904	91	107	μ2	μ2	NOUN
dem-2904	91	108	0.0156	0.0156	NUM
dem-2904	91	109	(	(	PUNCT
dem-2904	91	110	0.0069	0.0069	NUM
dem-2904	91	111	)	)	PUNCT
dem-2904	91	112	0.004	0.004	NUM
dem-2904	91	113	autoregressive	autoregressive	ADJ
dem-2904	91	114	parameters	parameter	NOUN
dem-2904	91	115	γ1	γ1	PROPN
dem-2904	91	116	0.8678	0.8678	NUM
dem-2904	91	117	(	(	PUNCT
dem-2904	91	118	0.0629	0.0629	NUM
dem-2904	91	119	)	)	PUNCT
dem-2904	91	120	0.000	0.000	NUM
dem-2904	91	121	γ2	γ2	NOUN
dem-2904	91	122	–	–	PUNCT
dem-2904	91	123	0.4611	0.4611	NUM
dem-2904	91	124	(	(	PUNCT
dem-2904	91	125	0.0627	0.0627	NUM
dem-2904	91	126	)	)	PUNCT
dem-2904	91	127	0.000	0.000	NUM
dem-2904	91	128	regime	regime	NOUN
dem-2904	91	129	-	-	PUNCT
dem-2904	91	130	dependent	dependent	ADJ
dem-2904	91	131	variances	variance	NOUN
dem-2904	91	132	σ21	σ21	NOUN
dem-2904	91	133	0.0645	0.0645	NUM
dem-2904	91	134	(	(	PUNCT
dem-2904	91	135	0.0083	0.0083	NUM
dem-2904	91	136	)	)	PUNCT
dem-2904	91	137	0.000	0.000	NUM
dem-2904	92	1	σ22	σ22	PROPN
dem-2904	92	2	0.0359	0.0359	NUM
dem-2904	92	3	(	(	PUNCT
dem-2904	92	4	0.0033	0.0033	NUM
dem-2904	92	5	)	)	PUNCT
dem-2904	92	6	0.000	0.000	NUM
dem-2904	92	7	ll	ll	NOUN
dem-2904	92	8	369.05	369.05	NUM
dem-2904	92	9	aic	aic	PROPN
dem-2904	92	10	–	–	PUNCT
dem-2904	92	11	722.1	722.1	NUM
dem-2904	92	12	lr	lr	NOUN
dem-2904	92	13	test	test	NOUN
dem-2904	92	14	15.63	15.63	NUM
dem-2904	92	15	0.0036	0.0036	NUM
dem-2904	92	16	jarque	jarque	NOUN
dem-2904	92	17	-	-	PUNCT
dem-2904	92	18	bera	bera	NOUN
dem-2904	92	19	test	test	NOUN
dem-2904	92	20	0.8013	0.8013	NUM
dem-2904	92	21	0.6699	0.6699	NUM
dem-2904	92	22	rcm	rcm	PROPN
dem-2904	92	23	37.99	37.99	NUM
dem-2904	92	24	transition	transition	NOUN
dem-2904	92	25	probabilities	probability	NOUN
dem-2904	92	26	across	across	ADP
dem-2904	92	27	regimes	regime	NOUN
dem-2904	92	28	p1i	p1i	NOUN
dem-2904	92	29	p2i	p2i	ADV
dem-2904	92	30	regime	regime	VERB
dem-2904	92	31	1	1	NUM
dem-2904	92	32	0.9321	0.9321	NUM
dem-2904	92	33	0.0292	0.0292	NUM
dem-2904	92	34	regime	regime	NOUN
dem-2904	92	35	2	2	NUM
dem-2904	92	36	0.0679	0.0679	NUM
dem-2904	92	37	0.9708	0.9708	NUM
dem-2904	92	38	note	note	NOUN
dem-2904	92	39	:	:	PUNCT
dem-2904	92	40	in	in	ADP
dem-2904	92	41	parentheses	parenthese	VERB
dem-2904	92	42	the	the	DET
dem-2904	92	43	standard	standard	ADJ
dem-2904	92	44	errors	error	NOUN
dem-2904	92	45	of	of	ADP
dem-2904	92	46	estimates	estimate	NOUN
dem-2904	92	47	are	be	AUX
dem-2904	92	48	given	give	VERB
dem-2904	92	49	.	.	PUNCT
dem-2904	93	1	using	use	VERB
dem-2904	93	2	the	the	DET
dem-2904	93	3	aic	aic	PROPN
dem-2904	93	4	and	and	CCONJ
dem-2904	93	5	the	the	DET
dem-2904	93	6	ll	ll	NOUN
dem-2904	93	7	function	function	VERB
dem-2904	93	8	the	the	DET
dem-2904	93	9	markov	markov	NOUN
dem-2904	93	10	switching	switch	VERB
dem-2904	93	11	model	model	NOUN
dem-2904	93	12	with	with	ADP
dem-2904	93	13	regime	regime	NOUN
dem-2904	93	14	-	-	PUNCT
dem-2904	93	15	dependent	dependent	ADJ
dem-2904	93	16	intercept	intercept	NOUN
dem-2904	93	17	and	and	CCONJ
dem-2904	93	18	variance	variance	NOUN
dem-2904	93	19	(	(	PUNCT
dem-2904	93	20	msih(2)-ar(2	msih(2)-ar(2	NOUN
dem-2904	93	21	)	)	PUNCT
dem-2904	93	22	)	)	PUNCT
dem-2904	93	23	was	be	AUX
dem-2904	93	24	found	find	VERB
dem-2904	93	25	to	to	PART
dem-2904	93	26	be	be	AUX
dem-2904	93	27	the	the	DET
dem-2904	93	28	best	good	ADJ
dem-2904	93	29	.	.	PUNCT
dem-2904	94	1	the	the	DET
dem-2904	94	2	detailed	detailed	ADJ
dem-2904	94	3	estimation	estimation	NOUN
dem-2904	94	4	results	result	VERB
dem-2904	94	5	for	for	ADP
dem-2904	94	6	the	the	DET
dem-2904	94	7	period	period	NOUN
dem-2904	94	8	january	january	PROPN
dem-2904	94	9	1995	1995	NUM
dem-2904	94	10	to	to	ADP
dem-2904	94	11	april	april	PROPN
dem-2904	94	12	2013	2013	NUM
dem-2904	94	13	are	be	AUX
dem-2904	94	14	displayed	display	VERB
dem-2904	94	15	in	in	ADP
dem-2904	94	16	table	table	NOUN
dem-2904	94	17	3	3	NUM
dem-2904	94	18	.	.	PUNCT
dem-2904	94	19	andrzej	andrzej	PROPN
dem-2904	94	20	geise	geise	PROPN
dem-2904	94	21	,	,	PUNCT
dem-2904	94	22	mariola	mariola	PROPN
dem-2904	94	23	piłatowska	piłatowska	PROPN
dem-2904	94	24	dynamic	dynamic	ADJ
dem-2904	94	25	econometric	econometric	ADJ
dem-2904	94	26	models	model	NOUN
dem-2904	94	27	vol.13	vol.13	X
dem-2904	94	28	(	(	PUNCT
dem-2904	94	29	2013	2013	NUM
dem-2904	94	30	)	)	PUNCT
dem-2904	95	1	175–194	175–194	NUM
dem-2904	95	2	182	182	NUM
dem-2904	95	3	the	the	DET
dem-2904	95	4	transition	transition	NOUN
dem-2904	95	5	matrix	matrix	NOUN
dem-2904	95	6	allows	allow	VERB
dem-2904	95	7	us	we	PRON
dem-2904	95	8	to	to	PART
dem-2904	95	9	observe	observe	VERB
dem-2904	95	10	the	the	DET
dem-2904	95	11	asymmetry	asymmetry	NOUN
dem-2904	95	12	of	of	ADP
dem-2904	95	13	oil	oil	NOUN
dem-2904	95	14	price	price	NOUN
dem-2904	95	15	cycle	cycle	NOUN
dem-2904	95	16	in	in	ADP
dem-2904	95	17	terms	term	NOUN
dem-2904	95	18	of	of	ADP
dem-2904	95	19	the	the	DET
dem-2904	95	20	duration	duration	NOUN
dem-2904	95	21	of	of	ADP
dem-2904	95	22	drops	drop	NOUN
dem-2904	95	23	(	(	PUNCT
dem-2904	95	24	regime	regime	NOUN
dem-2904	95	25	1	1	NUM
dem-2904	95	26	)	)	PUNCT
dem-2904	95	27	and	and	CCONJ
dem-2904	95	28	rises	rise	NOUN
dem-2904	95	29	(	(	PUNCT
dem-2904	95	30	regime	regime	NOUN
dem-2904	95	31	2	2	NUM
dem-2904	95	32	)	)	PUNCT
dem-2904	95	33	in	in	ADP
dem-2904	95	34	oil	oil	NOUN
dem-2904	95	35	prices	price	NOUN
dem-2904	95	36	.	.	PUNCT
dem-2904	96	1	drops	drop	NOUN
dem-2904	96	2	have	have	VERB
dem-2904	96	3	the	the	DET
dem-2904	96	4	duration	duration	NOUN
dem-2904	96	5	of	of	ADP
dem-2904	96	6	approximately	approximately	ADV
dem-2904	96	7	15	15	NUM
dem-2904	96	8	months	month	NOUN
dem-2904	96	9	and	and	CCONJ
dem-2904	96	10	rises	rise	NOUN
dem-2904	96	11	have	have	VERB
dem-2904	96	12	an	an	DET
dem-2904	96	13	average	average	ADJ
dem-2904	96	14	duration	duration	NOUN
dem-2904	96	15	of	of	ADP
dem-2904	96	16	two	two	NUM
dem-2904	96	17	times	time	NOUN
dem-2904	96	18	the	the	DET
dem-2904	96	19	regime	regime	NOUN
dem-2904	96	20	1	1	NUM
dem-2904	96	21	(	(	PUNCT
dem-2904	96	22	34	34	NUM
dem-2904	96	23	months	month	NOUN
dem-2904	96	24	)	)	PUNCT
dem-2904	96	25	.	.	PUNCT
dem-2904	97	1	both	both	DET
dem-2904	97	2	states	state	NOUN
dem-2904	97	3	are	be	AUX
dem-2904	97	4	characterized	characterize	VERB
dem-2904	97	5	by	by	ADP
dem-2904	97	6	high	high	ADJ
dem-2904	97	7	probability	probability	NOUN
dem-2904	97	8	of	of	ADP
dem-2904	97	9	remaining	remain	VERB
dem-2904	97	10	in	in	ADP
dem-2904	97	11	regime	regime	NOUN
dem-2904	97	12	(	(	PUNCT
dem-2904	97	13	,	,	PUNCT
dem-2904	97	14	93.011	93.011	NUM
dem-2904	97	15	=	=	NOUN
dem-2904	97	16	p	p	NOUN
dem-2904	97	17	)	)	PUNCT
dem-2904	97	18	97.022	97.022	NUM
dem-2904	98	1	=	=	NOUN
dem-2904	98	2	p	p	PRON
dem-2904	98	3	−	−	PROPN
dem-2904	98	4	see	see	VERB
dem-2904	98	5	table	table	NOUN
dem-2904	98	6	3	3	NUM
dem-2904	98	7	and	and	CCONJ
dem-2904	98	8	4	4	NUM
dem-2904	98	9	.	.	X
dem-2904	99	1	in	in	ADP
dem-2904	99	2	the	the	DET
dem-2904	99	3	regime	regime	NOUN
dem-2904	99	4	1	1	NUM
dem-2904	99	5	the	the	DET
dem-2904	99	6	oil	oil	NOUN
dem-2904	99	7	prices	price	NOUN
dem-2904	99	8	tend	tend	VERB
dem-2904	99	9	to	to	PART
dem-2904	99	10	decrease	decrease	VERB
dem-2904	99	11	)	)	PUNCT
dem-2904	99	12	0	0	PUNCT
dem-2904	100	1	(	(	PUNCT
dem-2904	100	2	1	1	NUM
dem-2904	100	3	<	<	X
dem-2904	100	4	μ	μ	NOUN
dem-2904	100	5	while	while	SCONJ
dem-2904	100	6	in	in	ADP
dem-2904	100	7	regime	regime	NOUN
dem-2904	100	8	2	2	NUM
dem-2904	100	9	they	they	PRON
dem-2904	100	10	tend	tend	VERB
dem-2904	100	11	to	to	PART
dem-2904	100	12	increase	increase	VERB
dem-2904	100	13	)	)	PUNCT
dem-2904	100	14	;	;	PUNCT
dem-2904	100	15	0	0	NUM
dem-2904	100	16	(	(	PUNCT
dem-2904	100	17	2	2	NUM
dem-2904	100	18	>	>	SYM
dem-2904	100	19	μ	μ	NOUN
dem-2904	100	20	the	the	DET
dem-2904	100	21	volatility	volatility	NOUN
dem-2904	100	22	of	of	ADP
dem-2904	100	23	oil	oil	NOUN
dem-2904	100	24	prices	price	NOUN
dem-2904	100	25	is	be	AUX
dem-2904	100	26	higher	high	ADJ
dem-2904	100	27	in	in	ADP
dem-2904	100	28	the	the	DET
dem-2904	100	29	regime	regime	NOUN
dem-2904	100	30	1	1	NUM
dem-2904	100	31	(	(	PUNCT
dem-2904	100	32	drops	drop	NOUN
dem-2904	100	33	in	in	ADP
dem-2904	100	34	oil	oil	NOUN
dem-2904	100	35	prices	price	NOUN
dem-2904	100	36	)	)	PUNCT
dem-2904	100	37	than	than	ADP
dem-2904	100	38	in	in	ADP
dem-2904	100	39	regime	regime	NOUN
dem-2904	100	40	2	2	NUM
dem-2904	100	41	(	(	PUNCT
dem-2904	100	42	rises	rise	VERB
dem-2904	100	43	in	in	ADP
dem-2904	100	44	oil	oil	NOUN
dem-2904	100	45	prices	price	NOUN
dem-2904	100	46	)	)	PUNCT
dem-2904	100	47	)	)	PUNCT
dem-2904	101	1	(	(	PUNCT
dem-2904	101	2	2	2	NUM
dem-2904	101	3	2	2	NUM
dem-2904	101	4	2	2	NUM
dem-2904	101	5	1	1	NUM
dem-2904	101	6	σσ	σσ	ADP
dem-2904	101	7	>	>	X
dem-2904	101	8	−	−	PROPN
dem-2904	101	9	see	see	VERB
dem-2904	101	10	table	table	NOUN
dem-2904	101	11	3	3	NUM
dem-2904	101	12	.	.	PUNCT
dem-2904	102	1	the	the	DET
dem-2904	102	2	rcm	rcm	PROPN
dem-2904	102	3	(	(	PUNCT
dem-2904	102	4	regime	regime	NOUN
dem-2904	102	5	classification	classification	NOUN
dem-2904	102	6	measure5	measure5	NOUN
dem-2904	102	7	)	)	PUNCT
dem-2904	102	8	statistic	statistic	NOUN
dem-2904	102	9	indicates	indicate	VERB
dem-2904	102	10	that	that	SCONJ
dem-2904	102	11	the	the	DET
dem-2904	102	12	msih(2)-ar(2	msih(2)-ar(2	NOUN
dem-2904	102	13	)	)	PUNCT
dem-2904	102	14	model	model	NOUN
dem-2904	102	15	is	be	AUX
dem-2904	102	16	able	able	ADJ
dem-2904	102	17	to	to	PART
dem-2904	102	18	confidently	confidently	ADV
dem-2904	102	19	distinguish	distinguish	VERB
dem-2904	102	20	which	which	DET
dem-2904	102	21	regimes	regime	NOUN
dem-2904	102	22	are	be	AUX
dem-2904	102	23	occurring	occur	VERB
dem-2904	102	24	at	at	ADP
dem-2904	102	25	each	each	DET
dem-2904	102	26	point	point	NOUN
dem-2904	102	27	in	in	ADP
dem-2904	102	28	time	time	NOUN
dem-2904	102	29	(	(	PUNCT
dem-2904	102	30	rcm	rcm	PROPN
dem-2904	102	31	<	<	X
dem-2904	102	32	50	50	NUM
dem-2904	102	33	)	)	PUNCT
dem-2904	102	34	.	.	PUNCT
dem-2904	103	1	in	in	ADP
dem-2904	103	2	the	the	DET
dem-2904	103	3	studied	studied	ADJ
dem-2904	103	4	period	period	NOUN
dem-2904	103	5	the	the	DET
dem-2904	103	6	first	first	ADJ
dem-2904	103	7	serious	serious	ADJ
dem-2904	103	8	oil	oil	NOUN
dem-2904	103	9	prices	price	NOUN
dem-2904	103	10	fall	fall	VERB
dem-2904	103	11	was	be	AUX
dem-2904	103	12	observed	observe	VERB
dem-2904	103	13	in	in	ADP
dem-2904	103	14	1997−1999	1997−1999	NUM
dem-2904	103	15	period	period	NOUN
dem-2904	103	16	(	(	PUNCT
dem-2904	103	17	table	table	NOUN
dem-2904	103	18	4	4	NUM
dem-2904	103	19	and	and	CCONJ
dem-2904	103	20	figure	figure	VERB
dem-2904	103	21	1	1	NUM
dem-2904	103	22	)	)	PUNCT
dem-2904	103	23	which	which	PRON
dem-2904	103	24	may	may	AUX
dem-2904	103	25	be	be	AUX
dem-2904	103	26	connected	connect	VERB
dem-2904	103	27	with	with	ADP
dem-2904	103	28	financial	financial	ADJ
dem-2904	103	29	(	(	PUNCT
dem-2904	103	30	currency	currency	NOUN
dem-2904	103	31	)	)	PUNCT
dem-2904	103	32	crisis	crisis	NOUN
dem-2904	103	33	in	in	ADP
dem-2904	103	34	south	south	PROPN
dem-2904	103	35	eastern	eastern	PROPN
dem-2904	103	36	asia	asia	PROPN
dem-2904	103	37	and	and	CCONJ
dem-2904	103	38	then	then	ADV
dem-2904	103	39	in	in	ADP
dem-2904	103	40	russia	russia	PROPN
dem-2904	103	41	.	.	PUNCT
dem-2904	104	1	the	the	DET
dem-2904	104	2	situation	situation	NOUN
dem-2904	104	3	in	in	ADP
dem-2904	104	4	russia	russia	PROPN
dem-2904	104	5	has	have	AUX
dem-2904	104	6	made	make	VERB
dem-2904	104	7	the	the	DET
dem-2904	104	8	market	market	NOUN
dem-2904	104	9	react	react	VERB
dem-2904	104	10	by	by	ADP
dem-2904	104	11	falling	fall	VERB
dem-2904	104	12	oil	oil	NOUN
dem-2904	104	13	prices	price	NOUN
dem-2904	104	14	because	because	SCONJ
dem-2904	104	15	russia	russia	PROPN
dem-2904	104	16	is	be	AUX
dem-2904	104	17	the	the	DET
dem-2904	104	18	greatest	great	ADJ
dem-2904	104	19	crude	crude	ADJ
dem-2904	104	20	oil	oil	NOUN
dem-2904	104	21	producer	producer	NOUN
dem-2904	104	22	(	(	PUNCT
dem-2904	104	23	with	with	ADP
dem-2904	104	24	average	average	ADJ
dem-2904	104	25	daily	daily	ADJ
dem-2904	104	26	production	production	NOUN
dem-2904	104	27	about	about	ADV
dem-2904	104	28	10	10	NUM
dem-2904	104	29	millions	million	NOUN
dem-2904	104	30	of	of	ADP
dem-2904	104	31	barrels	barrel	NOUN
dem-2904	104	32	;	;	PUNCT
dem-2904	104	33	see	see	VERB
dem-2904	104	34	international	international	ADJ
dem-2904	104	35	energy	energy	NOUN
dem-2904	104	36	agency	agency	NOUN
dem-2904	104	37	,	,	PUNCT
dem-2904	104	38	2013	2013	NUM
dem-2904	104	39	)	)	PUNCT
dem-2904	104	40	.	.	PUNCT
dem-2904	105	1	the	the	DET
dem-2904	105	2	next	next	ADJ
dem-2904	105	3	two	two	NUM
dem-2904	105	4	oil	oil	NOUN
dem-2904	105	5	prices	price	NOUN
dem-2904	105	6	falls	fall	VERB
dem-2904	105	7	in	in	ADP
dem-2904	105	8	2001	2001	NUM
dem-2904	105	9	and	and	CCONJ
dem-2904	105	10	2008−2009	2008−2009	NUM
dem-2904	105	11	period	period	NOUN
dem-2904	105	12	may	may	AUX
dem-2904	105	13	be	be	AUX
dem-2904	105	14	influenced	influence	VERB
dem-2904	105	15	by	by	ADP
dem-2904	105	16	the	the	DET
dem-2904	105	17	economic	economic	ADJ
dem-2904	105	18	crises	crisis	NOUN
dem-2904	105	19	in	in	ADP
dem-2904	105	20	the	the	DET
dem-2904	105	21	u.s	u.s	PROPN
dem-2904	105	22	.	.	PROPN
dem-2904	106	1	(	(	PUNCT
dem-2904	106	2	the	the	DET
dem-2904	106	3	third	third	ADV
dem-2904	106	4	largest	large	ADJ
dem-2904	106	5	oil	oil	NOUN
dem-2904	106	6	producing	producing	NOUN
dem-2904	106	7	and	and	CCONJ
dem-2904	106	8	the	the	DET
dem-2904	106	9	largest	large	ADJ
dem-2904	106	10	oil	oil	NOUN
dem-2904	106	11	consuming	consume	VERB
dem-2904	106	12	country	country	NOUN
dem-2904	106	13	in	in	ADP
dem-2904	106	14	the	the	DET
dem-2904	106	15	world	world	NOUN
dem-2904	106	16	)	)	PUNCT
dem-2904	106	17	.	.	PUNCT
dem-2904	107	1	the	the	DET
dem-2904	107	2	decrease	decrease	NOUN
dem-2904	107	3	in	in	ADP
dem-2904	107	4	oil	oil	NOUN
dem-2904	107	5	prices	price	NOUN
dem-2904	107	6	in	in	ADP
dem-2904	107	7	2001	2001	NUM
dem-2904	107	8	corresponds	correspond	NOUN
dem-2904	107	9	to	to	ADP
dem-2904	107	10	the	the	DET
dem-2904	107	11	recession	recession	NOUN
dem-2904	107	12	in	in	ADP
dem-2904	107	13	the	the	DET
dem-2904	107	14	u.s	u.s	PROPN
dem-2904	107	15	.	.	PROPN
dem-2904	107	16	that	that	PRON
dem-2904	107	17	occurred	occur	VERB
dem-2904	107	18	in	in	ADP
dem-2904	107	19	march	march	PROPN
dem-2904	107	20	2000	2000	NUM
dem-2904	107	21	when	when	SCONJ
dem-2904	107	22	the	the	DET
dem-2904	107	23	nasdaq	nasdaq	NOUN
dem-2904	107	24	crashed	crash	VERB
dem-2904	107	25	following	follow	VERB
dem-2904	107	26	the	the	DET
dem-2904	107	27	collapse	collapse	NOUN
dem-2904	107	28	of	of	ADP
dem-2904	107	29	the	the	DET
dem-2904	107	30	dot	dot	NOUN
dem-2904	107	31	-	-	PUNCT
dem-2904	107	32	com	com	NOUN
dem-2904	107	33	bubble	bubble	NOUN
dem-2904	107	34	(	(	PUNCT
dem-2904	107	35	figure	figure	NOUN
dem-2904	107	36	1	1	NUM
dem-2904	107	37	)	)	PUNCT
dem-2904	107	38	.	.	PUNCT
dem-2904	108	1	consequently	consequently	ADV
dem-2904	108	2	,	,	PUNCT
dem-2904	108	3	the	the	DET
dem-2904	108	4	decline	decline	NOUN
dem-2904	108	5	of	of	ADP
dem-2904	108	6	stock	stock	NOUN
dem-2904	108	7	prices	price	NOUN
dem-2904	108	8	occurred	occur	VERB
dem-2904	108	9	in	in	ADP
dem-2904	108	10	many	many	ADJ
dem-2904	108	11	countries	country	NOUN
dem-2904	108	12	(	(	PUNCT
dem-2904	108	13	galbraith	galbraith	PROPN
dem-2904	108	14	,	,	PUNCT
dem-2904	108	15	hale	hale	PROPN
dem-2904	108	16	,	,	PUNCT
dem-2904	108	17	2004	2004	NUM
dem-2904	108	18	)	)	PUNCT
dem-2904	108	19	.	.	PUNCT
dem-2904	109	1	the	the	DET
dem-2904	109	2	second	second	ADJ
dem-2904	109	3	decline	decline	NOUN
dem-2904	109	4	in	in	ADP
dem-2904	109	5	oil	oil	NOUN
dem-2904	109	6	prices	price	NOUN
dem-2904	109	7	,	,	PUNCT
dem-2904	109	8	i.e.	i.e.	X
dem-2904	109	9	in	in	ADP
dem-2904	109	10	2008−2009	2008−2009	NUM
dem-2904	109	11	period	period	NOUN
dem-2904	109	12	,	,	PUNCT
dem-2904	109	13	is	be	AUX
dem-2904	109	14	connected	connect	VERB
dem-2904	109	15	with	with	ADP
dem-2904	109	16	the	the	DET
dem-2904	109	17	subprime	subprime	ADJ
dem-2904	109	18	mortgage	mortgage	NOUN
dem-2904	109	19	crisis	crisis	NOUN
dem-2904	109	20	that	that	PRON
dem-2904	109	21	broke	break	VERB
dem-2904	109	22	out	out	ADP
dem-2904	109	23	in	in	ADP
dem-2904	109	24	the	the	DET
dem-2904	109	25	latter	latter	ADJ
dem-2904	109	26	half	half	NOUN
dem-2904	109	27	of	of	ADP
dem-2904	109	28	2007	2007	NUM
dem-2904	109	29	.	.	PUNCT
dem-2904	110	1	this	this	DET
dem-2904	110	2	financial	financial	ADJ
dem-2904	110	3	crisis	crisis	NOUN
dem-2904	110	4	spread	spread	VERB
dem-2904	110	5	to	to	ADP
dem-2904	110	6	the	the	DET
dem-2904	110	7	oil	oil	NOUN
dem-2904	110	8	market	market	NOUN
dem-2904	110	9	(	(	PUNCT
dem-2904	110	10	and	and	CCONJ
dem-2904	110	11	other	other	ADJ
dem-2904	110	12	commodity	commodity	NOUN
dem-2904	110	13	markets	market	NOUN
dem-2904	110	14	)	)	PUNCT
dem-2904	110	15	which	which	PRON
dem-2904	110	16	is	be	AUX
dem-2904	110	17	driven	drive	VERB
dem-2904	110	18	by	by	ADP
dem-2904	110	19	global	global	ADJ
dem-2904	110	20	changes	change	NOUN
dem-2904	110	21	in	in	ADP
dem-2904	110	22	supply	supply	NOUN
dem-2904	110	23	and	and	CCONJ
dem-2904	110	24	demand	demand	NOUN
dem-2904	110	25	along	along	ADP
dem-2904	110	26	with	with	ADP
dem-2904	110	27	a	a	DET
dem-2904	110	28	number	number	NOUN
dem-2904	110	29	of	of	ADP
dem-2904	110	30	other	other	ADJ
dem-2904	110	31	geopolitical	geopolitical	ADJ
dem-2904	110	32	factors	factor	NOUN
dem-2904	110	33	.	.	PUNCT
dem-2904	111	1	5	5	NUM
dem-2904	111	2	the	the	DET
dem-2904	111	3	rcm	rcm	PROPN
dem-2904	111	4	statistic	statistic	NOUN
dem-2904	111	5	was	be	AUX
dem-2904	111	6	proposed	propose	VERB
dem-2904	111	7	by	by	ADP
dem-2904	111	8	ang	ang	PROPN
dem-2904	111	9	,	,	PUNCT
dem-2904	111	10	bekaert	bekaert	NOUN
dem-2904	111	11	(	(	PUNCT
dem-2904	111	12	2002	2002	NUM
dem-2904	111	13	)	)	PUNCT
dem-2904	111	14	.	.	PUNCT
dem-2904	112	1	for	for	ADP
dem-2904	112	2	two	two	NUM
dem-2904	112	3	regimes	regime	NOUN
dem-2904	112	4	it	it	PRON
dem-2904	112	5	takes	take	VERB
dem-2904	112	6	the	the	DET
dem-2904	112	7	form	form	NOUN
dem-2904	112	8	:	:	PUNCT
dem-2904	112	9	)	)	PUNCT
dem-2904	112	10	,	,	PUNCT
dem-2904	113	1	1(1400	1(1400	NUM
dem-2904	113	2	1∑=	1∑=	NUM
dem-2904	113	3	−=	−=	NUM
dem-2904	113	4	t	t	PROPN
dem-2904	113	5	t	t	X
dem-2904	113	6	tt	tt	PROPN
dem-2904	113	7	pp	pp	PROPN
dem-2904	113	8	t	t	PROPN
dem-2904	113	9	rcm	rcm	PROPN
dem-2904	113	10	where	where	SCONJ
dem-2904	113	11	tp	tp	NOUN
dem-2904	113	12	is	be	AUX
dem-2904	113	13	a	a	DET
dem-2904	113	14	smoothed	smoothed	ADJ
dem-2904	113	15	probability	probability	NOUN
dem-2904	113	16	of	of	ADP
dem-2904	113	17	being	be	AUX
dem-2904	113	18	in	in	ADP
dem-2904	113	19	a	a	DET
dem-2904	113	20	certain	certain	ADJ
dem-2904	113	21	regime	regime	NOUN
dem-2904	113	22	at	at	ADP
dem-2904	113	23	time	time	NOUN
dem-2904	113	24	t.	t.	PROPN
dem-2904	113	25	the	the	DET
dem-2904	113	26	constant	constant	ADJ
dem-2904	113	27	serves	serve	VERB
dem-2904	113	28	to	to	PART
dem-2904	113	29	normalize	normalize	VERB
dem-2904	113	30	the	the	DET
dem-2904	113	31	statistic	statistic	NOUN
dem-2904	113	32	to	to	PART
dem-2904	113	33	be	be	AUX
dem-2904	113	34	between	between	ADP
dem-2904	113	35	0	0	NUM
dem-2904	113	36	and	and	CCONJ
dem-2904	113	37	100	100	NUM
dem-2904	113	38	.	.	PUNCT
dem-2904	114	1	the	the	DET
dem-2904	114	2	rcm	rcm	PROPN
dem-2904	114	3	is	be	AUX
dem-2904	114	4	a	a	DET
dem-2904	114	5	summary	summary	NOUN
dem-2904	114	6	point	point	NOUN
dem-2904	114	7	statistic	statistic	NOUN
dem-2904	114	8	which	which	PRON
dem-2904	114	9	describes	describe	VERB
dem-2904	114	10	the	the	DET
dem-2904	114	11	quality	quality	NOUN
dem-2904	114	12	of	of	ADP
dem-2904	114	13	regime	regime	NOUN
dem-2904	114	14	classifications	classification	NOUN
dem-2904	114	15	.	.	PUNCT
dem-2904	115	1	an	an	DET
dem-2904	115	2	ideal	ideal	ADJ
dem-2904	115	3	model	model	NOUN
dem-2904	115	4	is	be	AUX
dem-2904	115	5	that	that	SCONJ
dem-2904	115	6	classifying	classify	VERB
dem-2904	115	7	regimes	regime	NOUN
dem-2904	115	8	sharply	sharply	ADV
dem-2904	115	9	and	and	CCONJ
dem-2904	115	10	having	have	VERB
dem-2904	115	11	smoothed	smooth	VERB
dem-2904	115	12	probabilities	probability	NOUN
dem-2904	115	13	which	which	PRON
dem-2904	115	14	are	be	AUX
dem-2904	115	15	either	either	CCONJ
dem-2904	115	16	close	close	ADJ
dem-2904	115	17	to	to	ADP
dem-2904	115	18	zero	zero	NUM
dem-2904	115	19	or	or	CCONJ
dem-2904	115	20	one	one	NUM
dem-2904	115	21	.	.	PUNCT
dem-2904	116	1	if	if	SCONJ
dem-2904	116	2	the	the	DET
dem-2904	116	3	rcm	rcm	PROPN
dem-2904	116	4	is	be	AUX
dem-2904	116	5	close	close	ADJ
dem-2904	116	6	to	to	ADP
dem-2904	116	7	zero	zero	NUM
dem-2904	116	8	,	,	PUNCT
dem-2904	116	9	the	the	DET
dem-2904	116	10	regime	regime	NOUN
dem-2904	116	11	classification	classification	NOUN
dem-2904	116	12	is	be	AUX
dem-2904	116	13	perfect	perfect	ADJ
dem-2904	116	14	whereas	whereas	SCONJ
dem-2904	116	15	a	a	DET
dem-2904	116	16	value	value	NOUN
dem-2904	116	17	of	of	ADP
dem-2904	116	18	100	100	NUM
dem-2904	116	19	means	mean	VERB
dem-2904	116	20	that	that	SCONJ
dem-2904	116	21	no	no	DET
dem-2904	116	22	information	information	NOUN
dem-2904	116	23	about	about	ADP
dem-2904	116	24	regimes	regime	NOUN
dem-2904	116	25	is	be	AUX
dem-2904	116	26	revealed	reveal	VERB
dem-2904	116	27	.	.	PUNCT
dem-2904	117	1	the	the	DET
dem-2904	117	2	cut	cut	VERB
dem-2904	117	3	-	-	PUNCT
dem-2904	117	4	off	off	ADP
dem-2904	117	5	value	value	NOUN
dem-2904	117	6	of	of	ADP
dem-2904	117	7	rcm	rcm	PROPN
dem-2904	117	8	statistic	statistic	NOUN
dem-2904	117	9	is	be	AUX
dem-2904	117	10	50	50	NUM
dem-2904	117	11	which	which	PRON
dem-2904	117	12	is	be	AUX
dem-2904	117	13	often	often	ADV
dem-2904	117	14	used	use	VERB
dem-2904	117	15	as	as	ADP
dem-2904	117	16	a	a	DET
dem-2904	117	17	benchmark	benchmark	NOUN
dem-2904	117	18	(	(	PUNCT
dem-2904	117	19	chan	chan	PROPN
dem-2904	117	20	,	,	PUNCT
dem-2904	117	21	et	et	PROPN
dem-2904	117	22	al	al	PROPN
dem-2904	117	23	.	.	PROPN
dem-2904	117	24	,	,	PUNCT
dem-2904	117	25	2011	2011	NUM
dem-2904	117	26	)	)	PUNCT
dem-2904	117	27	.	.	PUNCT
dem-2904	118	1	synchronization	synchronization	NOUN
dem-2904	118	2	of	of	ADP
dem-2904	118	3	crude	crude	ADJ
dem-2904	118	4	oil	oil	NOUN
dem-2904	118	5	price	price	NOUN
dem-2904	118	6	cycle	cycle	NOUN
dem-2904	118	7	and	and	CCONJ
dem-2904	118	8	business	business	NOUN
dem-2904	118	9	cycle	cycle	NOUN
dem-2904	118	10	...	...	PUNCT
dem-2904	118	11	dynamic	dynamic	ADJ
dem-2904	118	12	econometric	econometric	ADJ
dem-2904	118	13	models	model	NOUN
dem-2904	118	14	vol	vol	NOUN
dem-2904	118	15	.	.	PROPN
dem-2904	118	16	13	13	NUM
dem-2904	118	17	(	(	PUNCT
dem-2904	118	18	2013	2013	NUM
dem-2904	118	19	)	)	PUNCT
dem-2904	119	1	175–194	175–194	NUM
dem-2904	119	2	183	183	NUM
dem-2904	119	3	table	table	NOUN
dem-2904	119	4	4	4	NUM
dem-2904	119	5	.	.	PUNCT
dem-2904	119	6	dating	date	VERB
dem-2904	119	7	of	of	ADP
dem-2904	119	8	crude	crude	ADJ
dem-2904	119	9	oil	oil	NOUN
dem-2904	119	10	price	price	NOUN
dem-2904	119	11	cycle	cycle	NOUN
dem-2904	119	12	regime	regime	NOUN
dem-2904	119	13	1	1	NUM
dem-2904	119	14	regime	regime	NOUN
dem-2904	119	15	2	2	NUM
dem-2904	119	16	1995(04)–1997(10	1995(04)–1997(10	NUM
dem-2904	119	17	)	)	PUNCT
dem-2904	119	18	1997(11)–2001(11	1997(11)–2001(11	NUM
dem-2904	119	19	)	)	PUNCT
dem-2904	119	20	2001(12	2001(12	NUM
dem-2904	119	21	)	)	PUNCT
dem-2904	119	22	–	–	PUNCT
dem-2904	119	23	2006(07	2006(07	NUM
dem-2904	119	24	)	)	PUNCT
dem-2904	119	25	2006(08)–2006(12	2006(08)–2006(12	NUM
dem-2904	119	26	)	)	PUNCT
dem-2904	119	27	2007(01)–2008(06	2007(01)–2008(06	NUM
dem-2904	119	28	)	)	PUNCT
dem-2904	119	29	2008(07)–2009(02	2008(07)–2009(02	NUM
dem-2904	119	30	)	)	PUNCT
dem-2904	119	31	2009(03)–2013(04	2009(03)–2013(04	NUM
dem-2904	119	32	)	)	PUNCT
dem-2904	119	33	62	62	NUM
dem-2904	119	34	months	month	NOUN
dem-2904	119	35	(	(	PUNCT
dem-2904	119	36	28.57	28.57	NUM
dem-2904	119	37	%	%	NOUN
dem-2904	119	38	)	)	PUNCT
dem-2904	119	39	out	out	ADP
dem-2904	119	40	of	of	ADP
dem-2904	119	41	217	217	NUM
dem-2904	119	42	are	be	AUX
dem-2904	119	43	in	in	ADP
dem-2904	119	44	regime	regime	NOUN
dem-2904	119	45	1	1	NUM
dem-2904	119	46	average	average	ADJ
dem-2904	119	47	duration	duration	NOUN
dem-2904	119	48	d(i	d(i	PROPN
dem-2904	119	49	)	)	PUNCT
dem-2904	119	50	14.73	14.73	NUM
dem-2904	119	51	months	month	NOUN
dem-2904	119	52	155	155	NUM
dem-2904	119	53	months	month	NOUN
dem-2904	119	54	(	(	PUNCT
dem-2904	119	55	71.43	71.43	NUM
dem-2904	119	56	%	%	NOUN
dem-2904	119	57	)	)	PUNCT
dem-2904	119	58	out	out	ADP
dem-2904	119	59	of	of	ADP
dem-2904	119	60	217	217	NUM
dem-2904	119	61	are	be	AUX
dem-2904	119	62	in	in	ADP
dem-2904	119	63	regime	regime	NOUN
dem-2904	119	64	2	2	NUM
dem-2904	119	65	average	average	ADJ
dem-2904	119	66	duration	duration	NOUN
dem-2904	119	67	d(i	d(i	PROPN
dem-2904	119	68	)	)	PUNCT
dem-2904	119	69	34.24	34.24	NUM
dem-2904	119	70	months	month	NOUN
dem-2904	119	71	figure	figure	NOUN
dem-2904	119	72	1	1	NUM
dem-2904	119	73	.	.	PUNCT
dem-2904	119	74	smoothed	smooth	VERB
dem-2904	119	75	probabilities	probability	NOUN
dem-2904	119	76	of	of	ADP
dem-2904	119	77	being	be	AUX
dem-2904	119	78	in	in	ADP
dem-2904	119	79	regime	regime	NOUN
dem-2904	119	80	1	1	NUM
dem-2904	119	81	and	and	CCONJ
dem-2904	119	82	regime	regime	NOUN
dem-2904	119	83	2	2	NUM
dem-2904	119	84	for	for	ADP
dem-2904	119	85	the	the	DET
dem-2904	119	86	univariate	univariate	ADJ
dem-2904	119	87	markov	markov	NOUN
dem-2904	119	88	switching	switching	NOUN
dem-2904	119	89	model	model	NOUN
dem-2904	119	90	for	for	ADP
dem-2904	119	91	the	the	DET
dem-2904	119	92	crude	crude	ADJ
dem-2904	119	93	oil	oil	NOUN
dem-2904	119	94	prices	price	NOUN
dem-2904	119	95	,	,	PUNCT
dem-2904	119	96	january	january	PROPN
dem-2904	119	97	1995	1995	NUM
dem-2904	119	98	to	to	ADP
dem-2904	119	99	april	april	PROPN
dem-2904	119	100	2013	2013	NUM
dem-2904	119	101	the	the	DET
dem-2904	119	102	oil	oil	NOUN
dem-2904	119	103	price	price	NOUN
dem-2904	119	104	decline	decline	NOUN
dem-2904	119	105	in	in	ADP
dem-2904	119	106	2006	2006	NUM
dem-2904	119	107	is	be	AUX
dem-2904	119	108	difficult	difficult	ADJ
dem-2904	119	109	to	to	PART
dem-2904	119	110	explain	explain	VERB
dem-2904	119	111	.	.	PUNCT
dem-2904	120	1	in	in	ADP
dem-2904	120	2	the	the	DET
dem-2904	120	3	second	second	ADJ
dem-2904	120	4	half	half	NOUN
dem-2904	120	5	of	of	ADP
dem-2904	120	6	2006	2006	NUM
dem-2904	120	7	the	the	DET
dem-2904	120	8	oil	oil	NOUN
dem-2904	120	9	price	price	NOUN
dem-2904	120	10	decline	decline	NOUN
dem-2904	120	11	indeed	indeed	ADV
dem-2904	120	12	occurred	occur	VERB
dem-2904	120	13	but	but	CCONJ
dem-2904	120	14	it	it	PRON
dem-2904	120	15	was	be	AUX
dem-2904	120	16	rather	rather	ADV
dem-2904	120	17	small	small	ADJ
dem-2904	120	18	,	,	PUNCT
dem-2904	120	19	however	however	ADV
dem-2904	120	20	the	the	DET
dem-2904	120	21	ms	ms	PROPN
dem-2904	120	22	-	-	PUNCT
dem-2904	120	23	ar	ar	PROPN
dem-2904	120	24	model	model	NOUN
dem-2904	120	25	captured	capture	VERB
dem-2904	120	26	it	it	PRON
dem-2904	120	27	as	as	ADP
dem-2904	120	28	a	a	DET
dem-2904	120	29	recession	recession	NOUN
dem-2904	120	30	.	.	PUNCT
dem-2904	121	1	hence	hence	ADV
dem-2904	121	2	,	,	PUNCT
dem-2904	121	3	this	this	DET
dem-2904	121	4	behavior	behavior	NOUN
dem-2904	121	5	of	of	ADP
dem-2904	121	6	oil	oil	NOUN
dem-2904	121	7	prices	price	NOUN
dem-2904	121	8	may	may	AUX
dem-2904	121	9	be	be	AUX
dem-2904	121	10	rather	rather	ADV
dem-2904	121	11	combined	combine	VERB
dem-2904	121	12	with	with	ADP
dem-2904	121	13	general	general	ADJ
dem-2904	121	14	economic	economic	ADJ
dem-2904	121	15	situation	situation	NOUN
dem-2904	121	16	of	of	ADP
dem-2904	121	17	oil	oil	NOUN
dem-2904	121	18	exporters	exporter	NOUN
dem-2904	121	19	and	and	CCONJ
dem-2904	121	20	importers	importer	NOUN
dem-2904	121	21	and	and	CCONJ
dem-2904	121	22	uncertainty	uncertainty	NOUN
dem-2904	121	23	on	on	ADP
dem-2904	121	24	financial	financial	ADJ
dem-2904	121	25	markets	market	NOUN
dem-2904	121	26	(	(	PUNCT
dem-2904	121	27	although	although	SCONJ
dem-2904	121	28	there	there	PRON
dem-2904	121	29	were	be	VERB
dem-2904	121	30	some	some	DET
dem-2904	121	31	inflammatory	inflammatory	ADJ
dem-2904	121	32	events	event	NOUN
dem-2904	121	33	in	in	ADP
dem-2904	121	34	2006	2006	NUM
dem-2904	121	35	,	,	PUNCT
dem-2904	121	36	like	like	ADP
dem-2904	121	37	the	the	DET
dem-2904	121	38	attack	attack	NOUN
dem-2904	121	39	on	on	ADP
dem-2904	121	40	shell	shell	ADJ
dem-2904	121	41	pipeline	pipeline	NOUN
dem-2904	121	42	in	in	ADP
dem-2904	121	43	nigeria	nigeria	PROPN
dem-2904	121	44	,	,	PUNCT
dem-2904	121	45	worries	worry	NOUN
dem-2904	121	46	over	over	ADP
dem-2904	121	47	iranian	iranian	ADJ
dem-2904	121	48	nuclear	nuclear	ADJ
dem-2904	121	49	plans	plan	NOUN
dem-2904	121	50	or	or	CCONJ
dem-2904	121	51	israel	israel	PROPN
dem-2904	121	52	's	's	PART
dem-2904	121	53	war	war	NOUN
dem-2904	121	54	against	against	ADP
dem-2904	121	55	hezbollah	hezbollah	PROPN
dem-2904	121	56	)	)	PUNCT
dem-2904	121	57	.	.	PUNCT
dem-2904	122	1	andrzej	andrzej	PROPN
dem-2904	122	2	geise	geise	PROPN
dem-2904	122	3	,	,	PUNCT
dem-2904	122	4	mariola	mariola	PROPN
dem-2904	122	5	piłatowska	piłatowska	PROPN
dem-2904	122	6	dynamic	dynamic	ADJ
dem-2904	122	7	econometric	econometric	ADJ
dem-2904	122	8	models	model	NOUN
dem-2904	122	9	vol.13	vol.13	X
dem-2904	122	10	(	(	PUNCT
dem-2904	122	11	2013	2013	NUM
dem-2904	122	12	)	)	PUNCT
dem-2904	123	1	175–194	175–194	NUM
dem-2904	123	2	184	184	NUM
dem-2904	123	3	in	in	ADP
dem-2904	123	4	the	the	DET
dem-2904	123	5	next	next	ADJ
dem-2904	123	6	section	section	NOUN
dem-2904	123	7	the	the	DET
dem-2904	123	8	business	business	NOUN
dem-2904	123	9	cycle	cycle	NOUN
dem-2904	123	10	of	of	ADP
dem-2904	123	11	chosen	choose	VERB
dem-2904	123	12	central	central	ADJ
dem-2904	123	13	eastern	eastern	ADJ
dem-2904	123	14	european	european	ADJ
dem-2904	123	15	economies	economy	NOUN
dem-2904	123	16	(	(	PUNCT
dem-2904	123	17	poland	poland	PROPN
dem-2904	123	18	,	,	PUNCT
dem-2904	123	19	czech	czech	PROPN
dem-2904	123	20	republic	republic	NOUN
dem-2904	123	21	,	,	PUNCT
dem-2904	123	22	hungary	hungary	PROPN
dem-2904	123	23	,	,	PUNCT
dem-2904	123	24	slovenia	slovenia	PROPN
dem-2904	123	25	)	)	PUNCT
dem-2904	123	26	is	be	AUX
dem-2904	123	27	identified	identify	VERB
dem-2904	123	28	.	.	PUNCT
dem-2904	124	1	4	4	X
dem-2904	124	2	.	.	X
dem-2904	124	3	identification	identification	NOUN
dem-2904	124	4	of	of	ADP
dem-2904	124	5	business	business	NOUN
dem-2904	124	6	cycle	cycle	NOUN
dem-2904	124	7	in	in	ADP
dem-2904	124	8	central	central	ADJ
dem-2904	124	9	eastern	eastern	ADJ
dem-2904	124	10	european	european	PROPN
dem-2904	124	11	(	(	PUNCT
dem-2904	124	12	cee	cee	NOUN
dem-2904	124	13	)	)	PUNCT
dem-2904	124	14	economies	economy	NOUN
dem-2904	124	15	in	in	ADP
dem-2904	124	16	1995−2013	1995−2013	NUM
dem-2904	124	17	period	period	NOUN
dem-2904	124	18	the	the	DET
dem-2904	124	19	data	data	NOUN
dem-2904	124	20	consists	consist	VERB
dem-2904	124	21	of	of	ADP
dem-2904	124	22	seasonally	seasonally	ADV
dem-2904	124	23	adjusted6	adjusted6	ADJ
dem-2904	124	24	monthly	monthly	ADJ
dem-2904	124	25	industry	industry	NOUN
dem-2904	124	26	production	production	NOUN
dem-2904	124	27	index	index	NOUN
dem-2904	124	28	for	for	ADP
dem-2904	124	29	a	a	DET
dem-2904	124	30	set	set	NOUN
dem-2904	124	31	of	of	ADP
dem-2904	124	32	cee	cee	NOUN
dem-2904	124	33	economies	economy	NOUN
dem-2904	124	34	from	from	ADP
dem-2904	124	35	january	january	PROPN
dem-2904	124	36	1995	1995	NUM
dem-2904	124	37	to	to	ADP
dem-2904	124	38	april	april	PROPN
dem-2904	124	39	2013	2013	NUM
dem-2904	124	40	.	.	PUNCT
dem-2904	125	1	these	these	DET
dem-2904	125	2	monthly	monthly	ADJ
dem-2904	125	3	series	series	NOUN
dem-2904	125	4	were	be	AUX
dem-2904	125	5	taken	take	VERB
dem-2904	125	6	from	from	ADP
dem-2904	125	7	the	the	DET
dem-2904	125	8	oecd	oecd	PROPN
dem-2904	125	9	database	database	NOUN
dem-2904	125	10	.	.	PUNCT
dem-2904	126	1	our	our	PRON
dem-2904	126	2	analysis	analysis	NOUN
dem-2904	126	3	is	be	AUX
dem-2904	126	4	restricted	restrict	VERB
dem-2904	126	5	to	to	ADP
dem-2904	126	6	a	a	DET
dem-2904	126	7	subset	subset	NOUN
dem-2904	126	8	of	of	ADP
dem-2904	126	9	four	four	NUM
dem-2904	126	10	cee	cee	NOUN
dem-2904	126	11	countries	country	NOUN
dem-2904	126	12	:	:	PUNCT
dem-2904	126	13	czech	czech	PROPN
dem-2904	126	14	republic	republic	PROPN
dem-2904	126	15	,	,	PUNCT
dem-2904	126	16	hungary	hungary	PROPN
dem-2904	126	17	,	,	PUNCT
dem-2904	126	18	poland	poland	PROPN
dem-2904	126	19	,	,	PUNCT
dem-2904	126	20	slovenia7	slovenia7	PROPN
dem-2904	126	21	.	.	PUNCT
dem-2904	126	22	log	log	NOUN
dem-2904	126	23	-	-	PUNCT
dem-2904	126	24	transformed	transform	VERB
dem-2904	126	25	data	datum	NOUN
dem-2904	126	26	along	along	ADP
dem-2904	126	27	with	with	ADP
dem-2904	126	28	seasonally	seasonally	ADV
dem-2904	126	29	adjusted	adjust	VERB
dem-2904	126	30	data	datum	NOUN
dem-2904	126	31	are	be	AUX
dem-2904	126	32	displayed	display	VERB
dem-2904	126	33	in	in	ADP
dem-2904	126	34	figure	figure	NOUN
dem-2904	126	35	2	2	NUM
dem-2904	126	36	.	.	PUNCT
dem-2904	127	1	it	it	PRON
dem-2904	127	2	is	be	AUX
dem-2904	127	3	seen	see	VERB
dem-2904	127	4	that	that	SCONJ
dem-2904	127	5	the	the	DET
dem-2904	127	6	economies	economy	NOUN
dem-2904	127	7	experienced	experience	VERB
dem-2904	127	8	the	the	DET
dem-2904	127	9	trend	trend	NOUN
dem-2904	127	10	break	break	NOUN
dem-2904	127	11	in	in	ADP
dem-2904	127	12	2008	2008	NUM
dem-2904	127	13	referring	refer	VERB
dem-2904	127	14	to	to	ADP
dem-2904	127	15	the	the	DET
dem-2904	127	16	raging	rage	VERB
dem-2904	127	17	financial	financial	ADJ
dem-2904	127	18	crisis	crisis	NOUN
dem-2904	127	19	(	(	PUNCT
dem-2904	127	20	subprime	subprime	ADJ
dem-2904	127	21	mortgage	mortgage	NOUN
dem-2904	127	22	crisis	crisis	NOUN
dem-2904	127	23	)	)	PUNCT
dem-2904	127	24	.	.	PUNCT
dem-2904	128	1	specifically	specifically	ADV
dem-2904	128	2	,	,	PUNCT
dem-2904	128	3	the	the	DET
dem-2904	128	4	serious	serious	ADJ
dem-2904	128	5	decline	decline	NOUN
dem-2904	128	6	in	in	ADP
dem-2904	128	7	the	the	DET
dem-2904	128	8	industry	industry	NOUN
dem-2904	128	9	production	production	NOUN
dem-2904	128	10	index	index	NOUN
dem-2904	128	11	is	be	AUX
dem-2904	128	12	apparent	apparent	ADJ
dem-2904	128	13	in	in	ADP
dem-2904	128	14	the	the	DET
dem-2904	128	15	case	case	NOUN
dem-2904	128	16	of	of	ADP
dem-2904	128	17	czech	czech	PROPN
dem-2904	128	18	republic	republic	PROPN
dem-2904	128	19	,	,	PUNCT
dem-2904	128	20	hungary	hungary	PROPN
dem-2904	128	21	and	and	CCONJ
dem-2904	128	22	slovenia	slovenia	PROPN
dem-2904	128	23	.	.	PUNCT
dem-2904	129	1	in	in	ADP
dem-2904	129	2	the	the	DET
dem-2904	129	3	case	case	NOUN
dem-2904	129	4	of	of	ADP
dem-2904	129	5	poland	poland	PROPN
dem-2904	129	6	the	the	DET
dem-2904	129	7	impact	impact	NOUN
dem-2904	129	8	of	of	ADP
dem-2904	129	9	financial	financial	ADJ
dem-2904	129	10	crisis	crisis	NOUN
dem-2904	129	11	on	on	ADP
dem-2904	129	12	the	the	DET
dem-2904	129	13	industry	industry	NOUN
dem-2904	129	14	production	production	NOUN
dem-2904	129	15	index	index	NOUN
dem-2904	129	16	was	be	AUX
dem-2904	129	17	not	not	PART
dem-2904	129	18	so	so	ADV
dem-2904	129	19	evident	evident	ADJ
dem-2904	129	20	.	.	PUNCT
dem-2904	130	1	table	table	NOUN
dem-2904	130	2	5	5	NUM
dem-2904	130	3	.	.	PUNCT
dem-2904	131	1	the	the	DET
dem-2904	131	2	adf	adf	PROPN
dem-2904	131	3	test	test	NOUN
dem-2904	131	4	results	result	NOUN
dem-2904	131	5	for	for	ADP
dem-2904	131	6	industry	industry	NOUN
dem-2904	131	7	production	production	NOUN
dem-2904	131	8	index	index	NOUN
dem-2904	131	9	(	(	PUNCT
dem-2904	131	10	ipi	ipi	PROPN
dem-2904	131	11	)	)	PUNCT
dem-2904	131	12	in	in	ADP
dem-2904	131	13	a	a	DET
dem-2904	131	14	set	set	NOUN
dem-2904	131	15	of	of	ADP
dem-2904	131	16	cee	cee	PROPN
dem-2904	131	17	countries	country	NOUN
dem-2904	131	18	time	time	PROPN
dem-2904	131	19	series	series	PROPN
dem-2904	131	20	lag	lag	PROPN
dem-2904	131	21	adf	adf	PROPN
dem-2904	131	22	test	test	NOUN
dem-2904	131	23	for	for	ADP
dem-2904	131	24	ipi	ipi	PROPN
dem-2904	131	25	adf	adf	PROPN
dem-2904	131	26	test	test	NOUN
dem-2904	131	27	for	for	ADP
dem-2904	131	28	δipi	δipi	NOUN
dem-2904	131	29	without	without	ADP
dem-2904	131	30	intercept	intercept	NOUN
dem-2904	131	31	with	with	ADP
dem-2904	131	32	intercept	intercept	NOUN
dem-2904	131	33	and	and	CCONJ
dem-2904	131	34	trend	trend	NOUN
dem-2904	131	35	without	without	ADP
dem-2904	131	36	intercept	intercept	NOUN
dem-2904	131	37	with	with	ADP
dem-2904	131	38	intercept	intercept	NOUN
dem-2904	131	39	and	and	CCONJ
dem-2904	131	40	trend	trend	NOUN
dem-2904	131	41	czech	czech	PROPN
dem-2904	131	42	republic	republic	NOUN
dem-2904	131	43	5	5	NUM
dem-2904	131	44	1.3983	1.3983	NUM
dem-2904	131	45	(	(	PUNCT
dem-2904	131	46	0.96	0.96	NUM
dem-2904	131	47	)	)	PUNCT
dem-2904	131	48	–	–	PUNCT
dem-2904	131	49	2.7621	2.7621	NUM
dem-2904	131	50	(	(	PUNCT
dem-2904	131	51	0.2116	0.2116	NUM
dem-2904	131	52	)	)	PUNCT
dem-2904	131	53	–	–	PUNCT
dem-2904	131	54	4.4468	4.4468	NUM
dem-2904	131	55	(	(	PUNCT
dem-2904	131	56	0.0000	0.0000	NUM
dem-2904	131	57	)	)	PUNCT
dem-2904	131	58	–	–	PUNCT
dem-2904	131	59	4.7682	4.7682	NUM
dem-2904	131	60	(	(	PUNCT
dem-2904	131	61	0.0005	0.0005	NUM
dem-2904	131	62	)	)	PUNCT
dem-2904	131	63	hungary	hungary	NOUN
dem-2904	131	64	5	5	NUM
dem-2904	131	65	2.3805	2.3805	NUM
dem-2904	131	66	(	(	PUNCT
dem-2904	131	67	0.9962	0.9962	NUM
dem-2904	131	68	)	)	PUNCT
dem-2904	131	69	–	–	PUNCT
dem-2904	131	70	0.8783	0.8783	NUM
dem-2904	131	71	(	(	PUNCT
dem-2904	131	72	0.9569	0.9569	NUM
dem-2904	131	73	)	)	PUNCT
dem-2904	131	74	–	–	PUNCT
dem-2904	131	75	4.5967	4.5967	NUM
dem-2904	131	76	(	(	PUNCT
dem-2904	131	77	0.0000	0.0000	NUM
dem-2904	131	78	)	)	PUNCT
dem-2904	131	79	–	–	PUNCT
dem-2904	131	80	9.7907	9.7907	NUM
dem-2904	131	81	(	(	PUNCT
dem-2904	131	82	0.0000	0.0000	NUM
dem-2904	131	83	)	)	PUNCT
dem-2904	131	84	poland	poland	NOUN
dem-2904	131	85	5	5	NUM
dem-2904	131	86	3.9040	3.9040	NUM
dem-2904	131	87	(	(	PUNCT
dem-2904	131	88	0.9999	0.9999	NUM
dem-2904	131	89	)	)	PUNCT
dem-2904	131	90	–	–	PUNCT
dem-2904	131	91	2.7320	2.7320	NUM
dem-2904	131	92	(	(	PUNCT
dem-2904	131	93	0.2235	0.2235	NUM
dem-2904	131	94	)	)	PUNCT
dem-2904	131	95	–	–	PUNCT
dem-2904	131	96	32319	32319	NUM
dem-2904	131	97	(	(	PUNCT
dem-2904	131	98	0.0012	0.0012	NUM
dem-2904	131	99	)	)	PUNCT
dem-2904	131	100	–	–	PUNCT
dem-2904	131	101	8.7368	8.7368	NUM
dem-2904	131	102	(	(	PUNCT
dem-2904	131	103	0.0000	0.0000	NUM
dem-2904	131	104	)	)	PUNCT
dem-2904	131	105	slovenia	slovenia	NOUN
dem-2904	131	106	5	5	NUM
dem-2904	131	107	1.0068	1.0068	NUM
dem-2904	131	108	(	(	PUNCT
dem-2904	131	109	0.9178	0.9178	NUM
dem-2904	131	110	)	)	PUNCT
dem-2904	131	111	–	–	PUNCT
dem-2904	131	112	1.9891	1.9891	NUM
dem-2904	131	113	(	(	PUNCT
dem-2904	131	114	0.6067	0.6067	NUM
dem-2904	131	115	)	)	PUNCT
dem-2904	131	116	–	–	PUNCT
dem-2904	131	117	6.3661	6.3661	NUM
dem-2904	131	118	(	(	PUNCT
dem-2904	131	119	0.0000	0.0000	NUM
dem-2904	131	120	)	)	PUNCT
dem-2904	131	121	–	–	PUNCT
dem-2904	131	122	6.4719	6.4719	NUM
dem-2904	131	123	(	(	PUNCT
dem-2904	131	124	0.0000	0.0000	NUM
dem-2904	131	125	)	)	PUNCT
dem-2904	131	126	note	note	NOUN
dem-2904	131	127	:	:	PUNCT
dem-2904	131	128	in	in	ADP
dem-2904	131	129	parentheses	parenthese	VERB
dem-2904	131	130	the	the	DET
dem-2904	131	131	p	p	NOUN
dem-2904	131	132	-	-	PUNCT
dem-2904	131	133	values	value	NOUN
dem-2904	131	134	are	be	AUX
dem-2904	131	135	given	give	VERB
dem-2904	131	136	.	.	PUNCT
dem-2904	132	1	to	to	PART
dem-2904	132	2	test	test	VERB
dem-2904	132	3	the	the	DET
dem-2904	132	4	non	non	NOUN
dem-2904	132	5	-	-	NOUN
dem-2904	132	6	stationarity	stationarity	NOUN
dem-2904	132	7	of	of	ADP
dem-2904	132	8	series	series	PROPN
dem-2904	132	9	the	the	DET
dem-2904	132	10	adf	adf	PROPN
dem-2904	132	11	test	test	NOUN
dem-2904	132	12	was	be	AUX
dem-2904	132	13	applied	apply	VERB
dem-2904	132	14	.	.	PUNCT
dem-2904	133	1	table	table	NOUN
dem-2904	133	2	5	5	NUM
dem-2904	133	3	reports	report	VERB
dem-2904	133	4	the	the	DET
dem-2904	133	5	results	result	NOUN
dem-2904	133	6	of	of	ADP
dem-2904	133	7	the	the	DET
dem-2904	133	8	adf	adf	PROPN
dem-2904	133	9	unit	unit	NOUN
dem-2904	133	10	root	root	NOUN
dem-2904	133	11	test	test	NOUN
dem-2904	133	12	for	for	ADP
dem-2904	133	13	the	the	DET
dem-2904	133	14	logs	log	NOUN
dem-2904	133	15	of	of	ADP
dem-2904	133	16	industry	industry	NOUN
dem-2904	133	17	production	production	NOUN
dem-2904	133	18	index	index	NOUN
dem-2904	133	19	(	(	PUNCT
dem-2904	133	20	ipi	ipi	PROPN
dem-2904	133	21	)	)	PUNCT
dem-2904	133	22	for	for	ADP
dem-2904	133	23	levels	level	NOUN
dem-2904	133	24	and	and	CCONJ
dem-2904	133	25	the	the	DET
dem-2904	133	26	first	first	ADJ
dem-2904	133	27	differences	difference	NOUN
dem-2904	133	28	.	.	PUNCT
dem-2904	134	1	for	for	ADP
dem-2904	134	2	all	all	DET
dem-2904	134	3	ipi	ipi	PROPN
dem-2904	134	4	series	series	NOUN
dem-2904	134	5	in	in	ADP
dem-2904	134	6	levels	level	NOUN
dem-2904	134	7	the	the	DET
dem-2904	134	8	null	null	ADJ
dem-2904	134	9	hypothesis	hypothesis	NOUN
dem-2904	134	10	of	of	ADP
dem-2904	134	11	a	a	DET
dem-2904	134	12	unit	unit	NOUN
dem-2904	134	13	root	root	NOUN
dem-2904	134	14	can	can	AUX
dem-2904	134	15	not	not	PART
dem-2904	134	16	be	be	AUX
dem-2904	134	17	rejected	reject	VERB
dem-2904	134	18	)	)	PUNCT
dem-2904	134	19	.05.0value	.05.0value	NOUN
dem-2904	134	20	(	(	PUNCT
dem-2904	134	21	=	=	NOUN
dem-2904	134	22	>	>	X
dem-2904	134	23	−	−	PROPN
dem-2904	134	24	αp	αp	NOUN
dem-2904	134	25	the	the	DET
dem-2904	134	26	adf	adf	NOUN
dem-2904	134	27	results	result	NOUN
dem-2904	134	28	for	for	ADP
dem-2904	134	29	first	first	ADJ
dem-2904	134	30	differences	difference	NOUN
dem-2904	134	31	,	,	PUNCT
dem-2904	134	32	δipi	δipi	ADJ
dem-2904	134	33	,	,	PUNCT
dem-2904	134	34	allow	allow	VERB
dem-2904	134	35	to	to	PART
dem-2904	134	36	reject	reject	VERB
dem-2904	134	37	the	the	DET
dem-2904	134	38	null	null	NOUN
dem-2904	134	39	hypothe	hypothe	ADJ
dem-2904	134	40	6	6	NUM
dem-2904	134	41	for	for	ADP
dem-2904	134	42	seasonal	seasonal	ADJ
dem-2904	134	43	adjustment	adjustment	NOUN
dem-2904	134	44	the	the	DET
dem-2904	134	45	tramo	tramo	PROPN
dem-2904	134	46	/	/	SYM
dem-2904	134	47	seats	seat	NOUN
dem-2904	134	48	procedure	procedure	NOUN
dem-2904	134	49	was	be	AUX
dem-2904	134	50	used	use	VERB
dem-2904	134	51	.	.	PUNCT
dem-2904	135	1	7	7	NUM
dem-2904	135	2	the	the	DET
dem-2904	135	3	intention	intention	NOUN
dem-2904	135	4	of	of	ADP
dem-2904	135	5	a	a	DET
dem-2904	135	6	research	research	NOUN
dem-2904	135	7	was	be	AUX
dem-2904	135	8	to	to	PART
dem-2904	135	9	include	include	VERB
dem-2904	135	10	all	all	DET
dem-2904	135	11	cee	cee	NOUN
dem-2904	135	12	economies	economy	NOUN
dem-2904	135	13	.	.	PUNCT
dem-2904	136	1	however	however	ADV
dem-2904	136	2	,	,	PUNCT
dem-2904	136	3	the	the	DET
dem-2904	136	4	final	final	ADJ
dem-2904	136	5	choice	choice	NOUN
dem-2904	136	6	of	of	ADP
dem-2904	136	7	countries	country	NOUN
dem-2904	136	8	was	be	AUX
dem-2904	136	9	determined	determine	VERB
dem-2904	136	10	by	by	ADP
dem-2904	136	11	the	the	DET
dem-2904	136	12	availability	availability	NOUN
dem-2904	136	13	of	of	ADP
dem-2904	136	14	data	datum	NOUN
dem-2904	136	15	,	,	PUNCT
dem-2904	136	16	i.e.	i.e.	X
dem-2904	136	17	sufficient	sufficient	ADJ
dem-2904	136	18	length	length	NOUN
dem-2904	136	19	of	of	ADP
dem-2904	136	20	time	time	NOUN
dem-2904	136	21	series	series	NOUN
dem-2904	136	22	.	.	PUNCT
dem-2904	137	1	synchronization	synchronization	NOUN
dem-2904	137	2	of	of	ADP
dem-2904	137	3	crude	crude	ADJ
dem-2904	137	4	oil	oil	NOUN
dem-2904	137	5	price	price	NOUN
dem-2904	137	6	cycle	cycle	NOUN
dem-2904	137	7	and	and	CCONJ
dem-2904	137	8	business	business	NOUN
dem-2904	137	9	cycle	cycle	NOUN
dem-2904	137	10	...	...	PUNCT
dem-2904	137	11	dynamic	dynamic	ADJ
dem-2904	137	12	econometric	econometric	ADJ
dem-2904	137	13	models	model	NOUN
dem-2904	137	14	vol	vol	NOUN
dem-2904	137	15	.	.	PROPN
dem-2904	137	16	13	13	NUM
dem-2904	137	17	(	(	PUNCT
dem-2904	137	18	2013	2013	NUM
dem-2904	137	19	)	)	PUNCT
dem-2904	138	1	175–194	175–194	NUM
dem-2904	138	2	185	185	NUM
dem-2904	138	3	sis	sis	NOUN
dem-2904	138	4	δipi	δipi	VERB
dem-2904	138	5	~	~	SYM
dem-2904	138	6	i(1	i(1	NOUN
dem-2904	138	7	)	)	PUNCT
dem-2904	138	8	)	)	PUNCT
dem-2904	138	9	.05.0value	.05.0value	NOUN
dem-2904	139	1	(	(	PUNCT
dem-2904	139	2	=	=	NOUN
dem-2904	139	3	<	<	X
dem-2904	139	4	−	−	NOUN
dem-2904	139	5	αp	αp	NOUN
dem-2904	139	6	the	the	DET
dem-2904	139	7	results	result	NOUN
dem-2904	139	8	of	of	ADP
dem-2904	139	9	the	the	DET
dem-2904	139	10	adf	adf	PROPN
dem-2904	139	11	test	test	NOUN
dem-2904	139	12	indicate	indicate	VERB
dem-2904	139	13	that	that	SCONJ
dem-2904	139	14	all	all	DET
dem-2904	139	15	industry	industry	NOUN
dem-2904	139	16	production	production	NOUN
dem-2904	139	17	indexes	index	NOUN
dem-2904	139	18	under	under	ADP
dem-2904	139	19	consideration	consideration	NOUN
dem-2904	139	20	are	be	AUX
dem-2904	139	21	non	non	ADJ
dem-2904	139	22	-	-	ADJ
dem-2904	139	23	stationary	stationary	ADJ
dem-2904	139	24	in	in	ADP
dem-2904	139	25	their	their	PRON
dem-2904	139	26	levels	level	NOUN
dem-2904	139	27	and	and	CCONJ
dem-2904	139	28	become	become	VERB
dem-2904	139	29	stationary	stationary	ADJ
dem-2904	139	30	when	when	SCONJ
dem-2904	139	31	they	they	PRON
dem-2904	139	32	are	be	AUX
dem-2904	139	33	first	first	ADV
dem-2904	139	34	differenced	difference	VERB
dem-2904	139	35	.	.	PUNCT
dem-2904	140	1	hence	hence	ADV
dem-2904	140	2	,	,	PUNCT
dem-2904	140	3	in	in	ADP
dem-2904	140	4	further	further	ADJ
dem-2904	140	5	analysis	analysis	NOUN
dem-2904	140	6	the	the	DET
dem-2904	140	7	first	first	ADJ
dem-2904	140	8	differences	difference	NOUN
dem-2904	140	9	of	of	ADP
dem-2904	140	10	ipi	ipi	PROPN
dem-2904	140	11	for	for	ADP
dem-2904	140	12	given	give	VERB
dem-2904	140	13	cee	cee	NOUN
dem-2904	140	14	economies	economy	NOUN
dem-2904	140	15	were	be	AUX
dem-2904	140	16	used	use	VERB
dem-2904	140	17	.	.	PUNCT
dem-2904	141	1	figure	figure	NOUN
dem-2904	141	2	2	2	NUM
dem-2904	141	3	.	.	PUNCT
dem-2904	141	4	industry	industry	NOUN
dem-2904	141	5	production	production	NOUN
dem-2904	141	6	index	index	NOUN
dem-2904	141	7	in	in	ADP
dem-2904	141	8	the	the	DET
dem-2904	141	9	cee	cee	NOUN
dem-2904	141	10	countries	country	NOUN
dem-2904	141	11	to	to	PART
dem-2904	141	12	identify	identify	VERB
dem-2904	141	13	the	the	DET
dem-2904	141	14	business	business	NOUN
dem-2904	141	15	cycle	cycle	NOUN
dem-2904	141	16	of	of	ADP
dem-2904	141	17	different	different	ADJ
dem-2904	141	18	cee	cee	NOUN
dem-2904	141	19	countries	country	NOUN
dem-2904	141	20	we	we	PRON
dem-2904	141	21	applied	apply	VERB
dem-2904	141	22	the	the	DET
dem-2904	141	23	markov	markov	NOUN
dem-2904	141	24	switching	switching	NOUN
dem-2904	141	25	model	model	NOUN
dem-2904	141	26	.	.	PUNCT
dem-2904	142	1	the	the	DET
dem-2904	142	2	two	two	NUM
dem-2904	142	3	-	-	PUNCT
dem-2904	142	4	regime	regime	NOUN
dem-2904	142	5	markov	markov	NOUN
dem-2904	142	6	switching	switch	VERB
dem-2904	142	7	model	model	NOUN
dem-2904	142	8	for	for	ADP
dem-2904	142	9	industry	industry	NOUN
dem-2904	142	10	production	production	NOUN
dem-2904	142	11	index	index	NOUN
dem-2904	142	12	modeled	model	VERB
dem-2904	142	13	in	in	ADP
dem-2904	142	14	first	first	ADJ
dem-2904	142	15	differences	difference	NOUN
dem-2904	142	16	takes	take	VERB
dem-2904	142	17	the	the	DET
dem-2904	142	18	form	form	NOUN
dem-2904	142	19	:	:	PUNCT
dem-2904	142	20	)	)	PUNCT
dem-2904	142	21	,	,	PUNCT
dem-2904	142	22	,	,	PUNCT
dem-2904	142	23	0(~|	0(~|	PROPN
dem-2904	142	24	,	,	PUNCT
dem-2904	142	25	1	1	NUM
dem-2904	142	26	,	,	PUNCT
dem-2904	142	27	ttt	ttt	PROPN
dem-2904	142	28	sttt	sttt	PROPN
dem-2904	142	29	q	q	PROPN
dem-2904	142	30	j	j	PROPN
dem-2904	142	31	jtsjst	jtsjst	PROPN
dem-2904	142	32	iidsyy	iidsyy	PROPN
dem-2904	142	33	σεεφμ	σεεφμ	VERB
dem-2904	142	34	+	+	PROPN
dem-2904	142	35	δ+=δ	δ+=δ	NOUN
dem-2904	142	36	∑	∑	ADP
dem-2904	142	37	=	=	SYM
dem-2904	142	38	−	−	PROPN
dem-2904	142	39	(	(	PUNCT
dem-2904	142	40	4	4	NUM
dem-2904	142	41	)	)	PUNCT
dem-2904	142	42	where	where	SCONJ
dem-2904	142	43	tyδ	tyδ	PROPN
dem-2904	142	44	stands	stand	VERB
dem-2904	142	45	for	for	ADP
dem-2904	142	46	first	first	ADJ
dem-2904	142	47	differences	difference	NOUN
dem-2904	142	48	of	of	ADP
dem-2904	142	49	the	the	DET
dem-2904	142	50	natural	natural	ADJ
dem-2904	142	51	log	log	NOUN
dem-2904	142	52	of	of	ADP
dem-2904	142	53	industry	industry	NOUN
dem-2904	142	54	production	production	NOUN
dem-2904	142	55	index	index	NOUN
dem-2904	142	56	for	for	ADP
dem-2904	142	57	a	a	DET
dem-2904	142	58	given	give	VERB
dem-2904	142	59	country	country	NOUN
dem-2904	142	60	(	(	PUNCT
dem-2904	142	61	economy	economy	NOUN
dem-2904	142	62	)	)	PUNCT
dem-2904	142	63	,	,	PUNCT
dem-2904	142	64	2	2	NUM
dem-2904	142	65	,	,	PUNCT
dem-2904	142	66	,	,	PUNCT
dem-2904	142	67	,	,	PUNCT
dem-2904	142	68	t	t	PROPN
dem-2904	142	69	t	t	X
dem-2904	142	70	ts	ts	ADP
dem-2904	142	71	j	j	PROPN
dem-2904	142	72	s	s	PROPN
dem-2904	142	73	sμ	sμ	PROPN
dem-2904	142	74	ϕ	ϕ	PROPN
dem-2904	142	75	σ	σ	PROPN
dem-2904	142	76	−	−	PROPN
dem-2904	142	77	denote	denote	NOUN
dem-2904	142	78	regimedependent	regimedependent	PROPN
dem-2904	142	79	intercept	intercept	PROPN
dem-2904	142	80	,	,	PUNCT
dem-2904	142	81	autoregressive	autoregressive	ADJ
dem-2904	142	82	parameters	parameter	NOUN
dem-2904	142	83	and	and	CCONJ
dem-2904	142	84	variance	variance	NOUN
dem-2904	142	85	of	of	ADP
dem-2904	142	86	disturbance	disturbance	NOUN
dem-2904	142	87	term	term	NOUN
dem-2904	142	88	tε	tε	ADP
dem-2904	142	89	respectively	respectively	ADV
dem-2904	142	90	.	.	PUNCT
dem-2904	143	1	the	the	DET
dem-2904	143	2	unobserved	unobserved	ADJ
dem-2904	143	3	variable	variable	ADJ
dem-2904	143	4	1	1	NUM
dem-2904	143	5	=	=	NUM
dem-2904	143	6	ts	ts	NOUN
dem-2904	143	7	in	in	ADP
dem-2904	143	8	the	the	DET
dem-2904	143	9	first	first	ADJ
dem-2904	143	10	regime	regime	NOUN
dem-2904	143	11	(	(	PUNCT
dem-2904	143	12	recession	recession	NOUN
dem-2904	143	13	)	)	PUNCT
dem-2904	143	14	and	and	CCONJ
dem-2904	143	15	2	2	NUM
dem-2904	143	16	=	=	NOUN
dem-2904	143	17	ts	ts	NOUN
dem-2904	143	18	in	in	ADP
dem-2904	143	19	the	the	DET
dem-2904	143	20	second	second	ADJ
dem-2904	143	21	regime	regime	NOUN
dem-2904	143	22	(	(	PUNCT
dem-2904	143	23	expansion	expansion	NOUN
dem-2904	143	24	)	)	PUNCT
dem-2904	143	25	.	.	PUNCT
dem-2904	144	1	andrzej	andrzej	PROPN
dem-2904	144	2	geise	geise	PROPN
dem-2904	144	3	,	,	PUNCT
dem-2904	144	4	mariola	mariola	PROPN
dem-2904	144	5	piłatowska	piłatowska	PROPN
dem-2904	144	6	dynamic	dynamic	ADJ
dem-2904	144	7	econometric	econometric	ADJ
dem-2904	144	8	models	model	NOUN
dem-2904	144	9	vol.13	vol.13	X
dem-2904	144	10	(	(	PUNCT
dem-2904	144	11	2013	2013	NUM
dem-2904	144	12	)	)	PUNCT
dem-2904	144	13	175–194	175–194	NUM
dem-2904	144	14	186	186	NUM
dem-2904	144	15	like	like	ADP
dem-2904	144	16	in	in	ADP
dem-2904	144	17	the	the	DET
dem-2904	144	18	case	case	NOUN
dem-2904	144	19	of	of	ADP
dem-2904	144	20	the	the	DET
dem-2904	144	21	ms	ms	PROPN
dem-2904	144	22	-	-	PUNCT
dem-2904	144	23	ar	ar	NOUN
dem-2904	144	24	models	model	NOUN
dem-2904	144	25	for	for	ADP
dem-2904	144	26	crude	crude	ADJ
dem-2904	144	27	oil	oil	NOUN
dem-2904	144	28	price	price	NOUN
dem-2904	144	29	,	,	PUNCT
dem-2904	144	30	four	four	NUM
dem-2904	144	31	type	type	NOUN
dem-2904	144	32	of	of	ADP
dem-2904	144	33	markov	markov	NOUN
dem-2904	144	34	switching	switching	NOUN
dem-2904	144	35	models	model	NOUN
dem-2904	144	36	were	be	AUX
dem-2904	144	37	considered	consider	VERB
dem-2904	144	38	,	,	PUNCT
dem-2904	144	39	i.e.	i.e.	X
dem-2904	144	40	msi	msi	PROPN
dem-2904	144	41	,	,	PUNCT
dem-2904	144	42	msih	msih	PROPN
dem-2904	144	43	,	,	PUNCT
dem-2904	144	44	msia	msia	PROPN
dem-2904	144	45	,	,	PUNCT
dem-2904	144	46	msiha	msiha	NOUN
dem-2904	144	47	.	.	PUNCT
dem-2904	145	1	the	the	DET
dem-2904	145	2	value	value	NOUN
dem-2904	145	3	of	of	ADP
dem-2904	145	4	aic	aic	PROPN
dem-2904	145	5	and	and	CCONJ
dem-2904	145	6	ll	ll	AUX
dem-2904	145	7	for	for	ADP
dem-2904	145	8	different	different	ADJ
dem-2904	145	9	ms	ms	PROPN
dem-2904	145	10	-	-	PUNCT
dem-2904	145	11	ar	ar	NOUN
dem-2904	145	12	models	model	NOUN
dem-2904	145	13	are	be	AUX
dem-2904	145	14	reported	report	VERB
dem-2904	145	15	in	in	ADP
dem-2904	145	16	table	table	NOUN
dem-2904	145	17	6	6	NUM
dem-2904	145	18	.	.	PUNCT
dem-2904	145	19	table	table	NOUN
dem-2904	145	20	6	6	NUM
dem-2904	145	21	.	.	PUNCT
dem-2904	146	1	the	the	DET
dem-2904	146	2	akaike	akaike	ADJ
dem-2904	146	3	information	information	NOUN
dem-2904	146	4	criterion	criterion	NOUN
dem-2904	146	5	(	(	PUNCT
dem-2904	146	6	aic	aic	PROPN
dem-2904	146	7	)	)	PUNCT
dem-2904	146	8	and	and	CCONJ
dem-2904	146	9	log	log	NOUN
dem-2904	146	10	-	-	PUNCT
dem-2904	146	11	likelihood	likelihood	NOUN
dem-2904	146	12	function	function	NOUN
dem-2904	146	13	(	(	PUNCT
dem-2904	146	14	ll	ll	NOUN
dem-2904	146	15	)	)	PUNCT
dem-2904	146	16	for	for	ADP
dem-2904	146	17	the	the	DET
dem-2904	146	18	univariate	univariate	ADJ
dem-2904	146	19	markov	markov	NOUN
dem-2904	146	20	switching	switching	NOUN
dem-2904	146	21	model	model	NOUN
dem-2904	146	22	for	for	ADP
dem-2904	146	23	industry	industry	NOUN
dem-2904	146	24	production	production	NOUN
dem-2904	146	25	index	index	NOUN
dem-2904	146	26	markov	markov	NOUN
dem-2904	146	27	switching	switch	VERB
dem-2904	146	28	model	model	NOUN
dem-2904	146	29	czech	czech	PROPN
dem-2904	146	30	republic	republic	PROPN
dem-2904	146	31	poland	poland	PROPN
dem-2904	146	32	hungary	hungary	PROPN
dem-2904	146	33	slovenia	slovenia	PROPN
dem-2904	146	34	ll	ll	PROPN
dem-2904	146	35	aic	aic	PROPN
dem-2904	146	36	ll	ll	PROPN
dem-2904	146	37	aic	aic	PROPN
dem-2904	146	38	ll	ll	PROPN
dem-2904	146	39	aic	aic	PROPN
dem-2904	146	40	ll	ll	PROPN
dem-2904	146	41	aic	aic	PROPN
dem-2904	146	42	msi(2)–ar(1	msi(2)–ar(1	PROPN
dem-2904	146	43	)	)	PUNCT
dem-2904	146	44	774.99	774.99	NUM
dem-2904	146	45	–	–	PUNCT
dem-2904	146	46	1537.9	1537.9	NUM
dem-2904	146	47	849.35	849.35	NUM
dem-2904	146	48	–	–	PUNCT
dem-2904	146	49	1686.7	1686.7	NUM
dem-2904	146	50	798.03	798.03	NUM
dem-2904	146	51	–	–	PUNCT
dem-2904	146	52	1584.1	1584.1	NUM
dem-2904	146	53	1055.4	1055.4	NUM
dem-2904	146	54	–	–	SYM
dem-2904	146	55	2098.9	2098.9	NUM
dem-2904	146	56	msih(2)–ar(1	msih(2)–ar(1	NOUN
dem-2904	146	57	)	)	PUNCT
dem-2904	146	58	778.55	778.55	NUM
dem-2904	146	59	–	–	PUNCT
dem-2904	146	60	1543.1	1543.1	NUM
dem-2904	146	61	850.91	850.91	NUM
dem-2904	146	62	–	–	PUNCT
dem-2904	146	63	1687.8	1687.8	NUM
dem-2904	146	64	801.15	801.15	NUM
dem-2904	146	65	–	–	PUNCT
dem-2904	146	66	1588.2	1588.2	NUM
dem-2904	146	67	1056.0	1056.0	NUM
dem-2904	146	68	–	–	PUNCT
dem-2904	146	69	2088.0	2088.0	NUM
dem-2904	146	70	msia(2)–ar(1	msia(2)–ar(1	SYM
dem-2904	146	71	)	)	PUNCT
dem-2904	146	72	780.04	780.04	NUM
dem-2904	146	73	–	–	PUNCT
dem-2904	146	74	1546.1	1546.1	NUM
dem-2904	146	75	852.42	852.42	NUM
dem-2904	146	76	–	–	PUNCT
dem-2904	146	77	1690.9	1690.9	NUM
dem-2904	146	78	802.51	802.51	NUM
dem-2904	146	79	–	–	PUNCT
dem-2904	146	80	1591.0	1591.0	NUM
dem-2904	146	81	1055.6	1055.6	NUM
dem-2904	146	82	–	–	PUNCT
dem-2904	146	83	2097.2	2097.2	NUM
dem-2904	146	84	msiha(2	msiha(2	NOUN
dem-2904	146	85	)	)	PUNCT
dem-2904	146	86	–	–	PUNCT
dem-2904	146	87	ar(1	ar(1	NOUN
dem-2904	146	88	)	)	PUNCT
dem-2904	146	89	784.92	784.92	NUM
dem-2904	146	90	1553.85	1553.85	NUM
dem-2904	146	91	852.53	852.53	NUM
dem-2904	146	92	–	–	PUNCT
dem-2904	146	93	1689.1	1689.1	NUM
dem-2904	146	94	808.31	808.31	NUM
dem-2904	146	95	–	–	PUNCT
dem-2904	146	96	1602.6	1602.6	NUM
dem-2904	146	97	1061.1	1061.1	NUM
dem-2904	146	98	–	–	PUNCT
dem-2904	146	99	2106.2	2106.2	NUM
dem-2904	146	100	msi(2)–ar(2	msi(2)–ar(2	NOUN
dem-2904	146	101	)	)	PUNCT
dem-2904	146	102	804.30	804.30	NUM
dem-2904	146	103	–	–	PUNCT
dem-2904	146	104	1594.6	1594.6	NUM
dem-2904	146	105	876.61	876.61	NUM
dem-2904	146	106	–	–	PUNCT
dem-2904	146	107	1739.2	1739.2	NUM
dem-2904	146	108	807.19	807.19	NUM
dem-2904	146	109	–	–	PUNCT
dem-2904	146	110	1600.4	1600.4	NUM
dem-2904	146	111	1078.2	1078.2	NUM
dem-2904	146	112	–	–	PUNCT
dem-2904	146	113	2142.3	2142.3	NUM
dem-2904	146	114	msih(2)–ar(2	msih(2)–ar(2	NOUN
dem-2904	146	115	)	)	PUNCT
dem-2904	146	116	811.06	811.06	NUM
dem-2904	146	117	–	–	PUNCT
dem-2904	146	118	1606.1	1606.1	NUM
dem-2904	146	119	879.28	879.28	NUM
dem-2904	146	120	–	–	PUNCT
dem-2904	146	121	1742.6	1742.6	NUM
dem-2904	146	122	822.95	822.95	NUM
dem-2904	146	123	–	–	PUNCT
dem-2904	146	124	1629.9	1629.9	NUM
dem-2904	146	125	1088.6	1088.6	NUM
dem-2904	146	126	–	–	PUNCT
dem-2904	146	127	2161.2	2161.2	NUM
dem-2904	146	128	msia(2)–ar(2	msia(2)–ar(2	NOUN
dem-2904	146	129	)	)	PUNCT
dem-2904	146	130	814.48	814.48	NUM
dem-2904	146	131	–	–	PUNCT
dem-2904	146	132	1611.6	1611.6	NUM
dem-2904	146	133	893.47	893.47	NUM
dem-2904	146	134	–	–	PUNCT
dem-2904	146	135	1768.9	1768.9	NUM
dem-2904	146	136	828.67	828.67	NUM
dem-2904	146	137	–	–	PUNCT
dem-2904	146	138	1639.3	1639.3	NUM
dem-2904	146	139	1086.0	1086.0	NUM
dem-2904	146	140	–	–	PUNCT
dem-2904	146	141	2153.9	2153.9	NUM
dem-2904	146	142	msiha(2	msiha(2	NOUN
dem-2904	146	143	)	)	PUNCT
dem-2904	146	144	–	–	PUNCT
dem-2904	146	145	ar(2	ar(2	PROPN
dem-2904	146	146	)	)	PUNCT
dem-2904	146	147	815.77	815.77	NUM
dem-2904	146	148	–	–	PUNCT
dem-2904	146	149	1611.6	1611.6	NUM
dem-2904	146	150	886.97	886.97	NUM
dem-2904	146	151	–	–	PUNCT
dem-2904	146	152	1753.9	1753.9	NUM
dem-2904	146	153	824.23	824.23	NUM
dem-2904	146	154	–	–	PUNCT
dem-2904	146	155	1628.5	1628.5	NUM
dem-2904	146	156	1097.5	1097.5	NUM
dem-2904	146	157	–	–	PUNCT
dem-2904	146	158	2174.9	2174.9	NUM
dem-2904	146	159	the	the	DET
dem-2904	146	160	aic	aic	PROPN
dem-2904	146	161	criterion	criterion	NOUN
dem-2904	146	162	and	and	CCONJ
dem-2904	146	163	ll	ll	AUX
dem-2904	146	164	function	function	VERB
dem-2904	146	165	found	find	VERB
dem-2904	146	166	the	the	DET
dem-2904	146	167	msiha(2)-ar(2	msiha(2)-ar(2	NOUN
dem-2904	146	168	)	)	PUNCT
dem-2904	146	169	model	model	NOUN
dem-2904	146	170	to	to	PART
dem-2904	146	171	be	be	AUX
dem-2904	146	172	the	the	DET
dem-2904	146	173	best	good	ADJ
dem-2904	146	174	for	for	ADP
dem-2904	146	175	czech	czech	PROPN
dem-2904	146	176	republic	republic	NOUN
dem-2904	146	177	and	and	CCONJ
dem-2904	146	178	slovenia	slovenia	PROPN
dem-2904	146	179	,	,	PUNCT
dem-2904	146	180	and	and	CCONJ
dem-2904	146	181	the	the	DET
dem-2904	146	182	msia(2)-ar(2	msia(2)-ar(2	NOUN
dem-2904	146	183	)	)	PUNCT
dem-2904	146	184	model	model	NOUN
dem-2904	146	185	−	−	PROPN
dem-2904	146	186	for	for	ADP
dem-2904	146	187	poland	poland	PROPN
dem-2904	146	188	and	and	CCONJ
dem-2904	146	189	hungary	hungary	PROPN
dem-2904	146	190	(	(	PUNCT
dem-2904	146	191	table	table	NOUN
dem-2904	146	192	6	6	NUM
dem-2904	146	193	)	)	PUNCT
dem-2904	146	194	.	.	PUNCT
dem-2904	147	1	the	the	DET
dem-2904	147	2	detailed	detailed	ADJ
dem-2904	147	3	estimation	estimation	NOUN
dem-2904	147	4	results	result	VERB
dem-2904	147	5	for	for	ADP
dem-2904	147	6	these	these	DET
dem-2904	147	7	models	model	NOUN
dem-2904	147	8	for	for	ADP
dem-2904	147	9	the	the	DET
dem-2904	147	10	period	period	NOUN
dem-2904	147	11	january	january	PROPN
dem-2904	147	12	1995	1995	NUM
dem-2904	147	13	to	to	ADP
dem-2904	147	14	april	april	PROPN
dem-2904	147	15	2013	2013	NUM
dem-2904	147	16	are	be	AUX
dem-2904	147	17	displayed	display	VERB
dem-2904	147	18	in	in	ADP
dem-2904	147	19	table	table	NOUN
dem-2904	147	20	7	7	NUM
dem-2904	147	21	.	.	PUNCT
dem-2904	148	1	while	while	SCONJ
dem-2904	148	2	the	the	DET
dem-2904	148	3	parameter	parameter	NOUN
dem-2904	148	4	estimation	estimation	NOUN
dem-2904	148	5	is	be	AUX
dem-2904	148	6	successfully	successfully	ADV
dem-2904	148	7	made	make	VERB
dem-2904	148	8	by	by	ADP
dem-2904	148	9	the	the	DET
dem-2904	148	10	markov	markov	NOUN
dem-2904	148	11	switching	switching	NOUN
dem-2904	148	12	models	model	NOUN
dem-2904	148	13	,	,	PUNCT
dem-2904	148	14	it	it	PRON
dem-2904	148	15	is	be	AUX
dem-2904	148	16	worthwhile	worthwhile	ADJ
dem-2904	148	17	to	to	PART
dem-2904	148	18	make	make	VERB
dem-2904	148	19	a	a	DET
dem-2904	148	20	more	more	ADV
dem-2904	148	21	formal	formal	ADJ
dem-2904	148	22	assessment	assessment	NOUN
dem-2904	148	23	of	of	ADP
dem-2904	148	24	the	the	DET
dem-2904	148	25	performance	performance	NOUN
dem-2904	148	26	of	of	ADP
dem-2904	148	27	these	these	DET
dem-2904	148	28	models	model	NOUN
dem-2904	148	29	.	.	PUNCT
dem-2904	149	1	therefore	therefore	ADV
dem-2904	149	2	,	,	PUNCT
dem-2904	149	3	the	the	DET
dem-2904	149	4	formal	formal	ADJ
dem-2904	149	5	testing	testing	NOUN
dem-2904	149	6	for	for	ADP
dem-2904	149	7	nonlinearity	nonlinearity	NOUN
dem-2904	149	8	in	in	ADP
dem-2904	149	9	the	the	DET
dem-2904	149	10	context	context	NOUN
dem-2904	149	11	of	of	ADP
dem-2904	149	12	markov	markov	NOUN
dem-2904	149	13	switching	switching	NOUN
dem-2904	149	14	models	model	NOUN
dem-2904	149	15	is	be	AUX
dem-2904	149	16	carried	carry	VERB
dem-2904	149	17	out	out	ADP
dem-2904	149	18	.	.	PUNCT
dem-2904	150	1	the	the	DET
dem-2904	150	2	results	result	NOUN
dem-2904	150	3	of	of	ADP
dem-2904	150	4	the	the	DET
dem-2904	150	5	likelihood	likelihood	NOUN
dem-2904	150	6	ratio	ratio	NOUN
dem-2904	150	7	(	(	PUNCT
dem-2904	150	8	lr	lr	NOUN
dem-2904	150	9	)	)	PUNCT
dem-2904	150	10	test	test	NOUN
dem-2904	150	11	indicate	indicate	VERB
dem-2904	150	12	that	that	SCONJ
dem-2904	150	13	the	the	DET
dem-2904	150	14	significant	significant	ADJ
dem-2904	150	15	evidence	evidence	NOUN
dem-2904	150	16	of	of	ADP
dem-2904	150	17	nonlinear	nonlinear	ADJ
dem-2904	150	18	behavior	behavior	NOUN
dem-2904	150	19	in	in	ADP
dem-2904	150	20	series	series	NOUN
dem-2904	150	21	under	under	ADP
dem-2904	150	22	consideration	consideration	NOUN
dem-2904	150	23	has	have	AUX
dem-2904	150	24	been	be	AUX
dem-2904	150	25	found	find	VERB
dem-2904	150	26	(	(	PUNCT
dem-2904	150	27	see	see	VERB
dem-2904	150	28	table	table	NOUN
dem-2904	150	29	7	7	NUM
dem-2904	150	30	)	)	PUNCT
dem-2904	150	31	.	.	PUNCT
dem-2904	151	1	therefore	therefore	ADV
dem-2904	151	2	the	the	DET
dem-2904	151	3	markov	markov	NOUN
dem-2904	151	4	switching	switching	NOUN
dem-2904	151	5	model	model	NOUN
dem-2904	151	6	are	be	AUX
dem-2904	151	7	considered	consider	VERB
dem-2904	151	8	to	to	PART
dem-2904	151	9	be	be	AUX
dem-2904	151	10	attractive	attractive	ADJ
dem-2904	151	11	in	in	ADP
dem-2904	151	12	addressing	address	VERB
dem-2904	151	13	the	the	DET
dem-2904	151	14	nonlinear	nonlinear	ADJ
dem-2904	151	15	nature	nature	NOUN
dem-2904	151	16	of	of	ADP
dem-2904	151	17	studied	study	VERB
dem-2904	151	18	series	series	NOUN
dem-2904	151	19	(	(	PUNCT
dem-2904	151	20	especially	especially	ADV
dem-2904	151	21	their	their	PRON
dem-2904	151	22	asymmetric	asymmetric	ADJ
dem-2904	151	23	behavior	behavior	NOUN
dem-2904	151	24	)	)	PUNCT
dem-2904	151	25	.	.	PUNCT
dem-2904	152	1	the	the	DET
dem-2904	152	2	state	state	NOUN
dem-2904	152	3	of	of	ADP
dem-2904	152	4	low	low	ADJ
dem-2904	152	5	economic	economic	ADJ
dem-2904	152	6	activity	activity	NOUN
dem-2904	152	7	(	(	PUNCT
dem-2904	152	8	regime	regime	NOUN
dem-2904	152	9	1	1	NUM
dem-2904	152	10	)	)	PUNCT
dem-2904	152	11	is	be	AUX
dem-2904	152	12	highly	highly	ADV
dem-2904	152	13	persistent	persistent	ADJ
dem-2904	152	14	in	in	ADP
dem-2904	152	15	case	case	NOUN
dem-2904	152	16	of	of	ADP
dem-2904	152	17	poland	poland	PROPN
dem-2904	152	18	)	)	PUNCT
dem-2904	152	19	93.0	93.0	NUM
dem-2904	152	20	(	(	PUNCT
dem-2904	152	21	11	11	NUM
dem-2904	152	22	=	=	NOUN
dem-2904	152	23	p	p	NOUN
dem-2904	152	24	and	and	CCONJ
dem-2904	152	25	relatively	relatively	ADV
dem-2904	152	26	persistent	persistent	ADJ
dem-2904	152	27	in	in	ADP
dem-2904	152	28	case	case	NOUN
dem-2904	152	29	of	of	ADP
dem-2904	152	30	czech	czech	PROPN
dem-2904	152	31	republic	republic	NOUN
dem-2904	152	32	and	and	CCONJ
dem-2904	152	33	hungary	hungary	PROPN
dem-2904	152	34	73.0	73.0	NUM
dem-2904	152	35	(	(	PUNCT
dem-2904	152	36	11	11	NUM
dem-2904	152	37	=	=	NOUN
dem-2904	152	38	p	p	NOUN
dem-2904	152	39	and	and	CCONJ
dem-2904	152	40	0.70	0.70	NUM
dem-2904	152	41	respectively	respectively	ADV
dem-2904	152	42	)	)	PUNCT
dem-2904	152	43	−	−	NOUN
dem-2904	152	44	see	see	VERB
dem-2904	152	45	table	table	NOUN
dem-2904	152	46	7	7	NUM
dem-2904	152	47	,	,	PUNCT
dem-2904	152	48	with	with	ADP
dem-2904	152	49	exception	exception	NOUN
dem-2904	152	50	of	of	ADP
dem-2904	152	51	slovenia	slovenia	PROPN
dem-2904	152	52	for	for	ADP
dem-2904	152	53	which	which	PRON
dem-2904	152	54	the	the	DET
dem-2904	152	55	probability	probability	NOUN
dem-2904	152	56	of	of	ADP
dem-2904	152	57	remaining	remain	VERB
dem-2904	152	58	in	in	ADP
dem-2904	152	59	regime	regime	NOUN
dem-2904	152	60	1	1	NUM
dem-2904	152	61	is	be	AUX
dem-2904	152	62	equal	equal	ADJ
dem-2904	153	1	5.011	5.011	NUM
dem-2904	153	2	=	=	NOUN
dem-2904	153	3	p	p	X
dem-2904	153	4	what	what	PRON
dem-2904	153	5	along	along	ADP
dem-2904	153	6	with	with	ADP
dem-2904	153	7	49.012	49.012	NUM
dem-2904	154	1	=	=	PRON
dem-2904	154	2	p	p	PROPN
dem-2904	154	3	may	may	AUX
dem-2904	154	4	indicate	indicate	VERB
dem-2904	154	5	a	a	DET
dem-2904	154	6	poor	poor	ADJ
dem-2904	154	7	model	model	NOUN
dem-2904	154	8	specifica	specifica	NOUN
dem-2904	154	9	synchronization	synchronization	NOUN
dem-2904	154	10	of	of	ADP
dem-2904	154	11	crude	crude	ADJ
dem-2904	154	12	oil	oil	NOUN
dem-2904	154	13	price	price	NOUN
dem-2904	154	14	cycle	cycle	NOUN
dem-2904	154	15	and	and	CCONJ
dem-2904	154	16	business	business	NOUN
dem-2904	154	17	cycle	cycle	NOUN
dem-2904	154	18	...	...	PUNCT
dem-2904	154	19	dynamic	dynamic	ADJ
dem-2904	154	20	econometric	econometric	ADJ
dem-2904	154	21	models	model	NOUN
dem-2904	154	22	vol	vol	NOUN
dem-2904	154	23	.	.	PROPN
dem-2904	154	24	13	13	NUM
dem-2904	154	25	(	(	PUNCT
dem-2904	154	26	2013	2013	NUM
dem-2904	154	27	)	)	PUNCT
dem-2904	154	28	175–194	175–194	NUM
dem-2904	154	29	187	187	NUM
dem-2904	154	30	table	table	NOUN
dem-2904	154	31	7	7	NUM
dem-2904	154	32	.	.	PUNCT
dem-2904	155	1	the	the	DET
dem-2904	155	2	univariate	univariate	ADJ
dem-2904	155	3	markov	markov	NOUN
dem-2904	155	4	switching	switching	NOUN
dem-2904	155	5	model	model	NOUN
dem-2904	155	6	for	for	ADP
dem-2904	155	7	industry	industry	NOUN
dem-2904	155	8	production	production	NOUN
dem-2904	155	9	index	index	NOUN
dem-2904	155	10	for	for	ADP
dem-2904	155	11	chosen	choose	VERB
dem-2904	155	12	cee	cee	PROPN
dem-2904	155	13	countries	country	NOUN
dem-2904	155	14	parameters	parameter	NOUN
dem-2904	155	15	czech	czech	PROPN
dem-2904	155	16	rep	rep	PROPN
dem-2904	155	17	.	.	PROPN
dem-2904	155	18	poland	poland	PROPN
dem-2904	155	19	hungary	hungary	PROPN
dem-2904	155	20	slovenia	slovenia	PROPN
dem-2904	155	21	type	type	PROPN
dem-2904	155	22	of	of	ADP
dem-2904	155	23	markov	markov	NOUN
dem-2904	155	24	switching	switch	VERB
dem-2904	155	25	model	model	NOUN
dem-2904	155	26	msiha(2	msiha(2	PROPN
dem-2904	155	27	)	)	PUNCT
dem-2904	155	28	–	–	PUNCT
dem-2904	155	29	ar(2	ar(2	PROPN
dem-2904	155	30	)	)	PUNCT
dem-2904	155	31	msia(2)–ar(2	msia(2)–ar(2	PROPN
dem-2904	155	32	)	)	PUNCT
dem-2904	155	33	msia(2)–ar(2	msia(2)–ar(2	PROPN
dem-2904	155	34	)	)	PUNCT
dem-2904	155	35	msiha(2	msiha(2	PROPN
dem-2904	155	36	)	)	PUNCT
dem-2904	155	37	–	–	PUNCT
dem-2904	155	38	ar(2	ar(2	PROPN
dem-2904	155	39	)	)	PUNCT
dem-2904	155	40	regime	regime	NOUN
dem-2904	155	41	-	-	PUNCT
dem-2904	155	42	dependent	dependent	ADJ
dem-2904	155	43	intercept	intercept	NOUN
dem-2904	155	44	μ1	μ1	NOUN
dem-2904	155	45	–	–	PUNCT
dem-2904	155	46	0.0036	0.0036	NUM
dem-2904	155	47	(	(	PUNCT
dem-2904	155	48	0.0012	0.0012	NUM
dem-2904	155	49	)	)	PUNCT
dem-2904	155	50	–	–	PUNCT
dem-2904	155	51	0.0014	0.0014	NUM
dem-2904	155	52	(	(	PUNCT
dem-2904	155	53	0.0005	0.0005	NUM
dem-2904	155	54	)	)	PUNCT
dem-2904	155	55	–	–	PUNCT
dem-2904	155	56	0.0011	0.0011	NUM
dem-2904	155	57	(	(	PUNCT
dem-2904	155	58	0.0011	0.0011	NUM
dem-2904	155	59	)	)	PUNCT
dem-2904	155	60	–	–	PUNCT
dem-2904	155	61	0.0017	0.0017	NUM
dem-2904	155	62	(	(	PUNCT
dem-2904	155	63	0.001	0.001	NUM
dem-2904	155	64	)	)	PUNCT
dem-2904	155	65	μ2	μ2	NOUN
dem-2904	155	66	0.0037	0.0037	NUM
dem-2904	155	67	(	(	PUNCT
dem-2904	155	68	0.001	0.001	NUM
dem-2904	155	69	)	)	PUNCT
dem-2904	155	70	0.0051	0.0051	NUM
dem-2904	155	71	(	(	PUNCT
dem-2904	155	72	0.0006	0.0006	NUM
dem-2904	155	73	)	)	PUNCT
dem-2904	155	74	0.0045	0.0045	NUM
dem-2904	155	75	(	(	PUNCT
dem-2904	155	76	0.0009	0.0009	NUM
dem-2904	155	77	)	)	PUNCT
dem-2904	155	78	0.0025	0.0025	NUM
dem-2904	155	79	(	(	PUNCT
dem-2904	155	80	0.0005	0.0005	NUM
dem-2904	155	81	)	)	PUNCT
dem-2904	155	82	regime	regime	NOUN
dem-2904	155	83	-	-	PUNCT
dem-2904	155	84	dependent	dependent	ADJ
dem-2904	155	85	autoregressive	autoregressive	ADJ
dem-2904	155	86	parameters	parameter	NOUN
dem-2904	155	87	φ1–1	φ1–1	NUM
dem-2904	155	88	1.2943	1.2943	NUM
dem-2904	155	89	(	(	PUNCT
dem-2904	155	90	0.0827	0.0827	NUM
dem-2904	155	91	)	)	PUNCT
dem-2904	155	92	0.7356	0.7356	NUM
dem-2904	155	93	(	(	PUNCT
dem-2904	155	94	0.0974	0.0974	NUM
dem-2904	155	95	)	)	PUNCT
dem-2904	155	96	1.0516	1.0516	NUM
dem-2904	155	97	(	(	PUNCT
dem-2904	155	98	0.1199	0.1199	NUM
dem-2904	155	99	)	)	PUNCT
dem-2904	155	100	1.0107	1.0107	NUM
dem-2904	155	101	(	(	PUNCT
dem-2904	155	102	0.1772	0.1772	NUM
dem-2904	155	103	)	)	PUNCT
dem-2904	155	104	φ1–2	φ1–2	VERB
dem-2904	155	105	0.8437	0.8437	NUM
dem-2904	155	106	(	(	PUNCT
dem-2904	155	107	0.0894	0.0894	NUM
dem-2904	155	108	)	)	PUNCT
dem-2904	155	109	0.9876	0.9876	NUM
dem-2904	155	110	(	(	PUNCT
dem-2904	155	111	0.0754	0.0754	NUM
dem-2904	155	112	)	)	PUNCT
dem-2904	155	113	0.8048	0.8048	NUM
dem-2904	155	114	(	(	PUNCT
dem-2904	155	115	0.0799	0.0799	NUM
dem-2904	155	116	)	)	PUNCT
dem-2904	155	117	1.3040	1.3040	NUM
dem-2904	155	118	(	(	PUNCT
dem-2904	155	119	0.0588	0.0588	NUM
dem-2904	155	120	)	)	PUNCT
dem-2904	155	121	φ2–1	φ2–1	NOUN
dem-2904	155	122	–	–	PUNCT
dem-2904	155	123	0.2759	0.2759	NUM
dem-2904	155	124	(	(	PUNCT
dem-2904	155	125	0.0951	0.0951	NUM
dem-2904	155	126	)	)	PUNCT
dem-2904	155	127	–	–	PUNCT
dem-2904	155	128	0.4848	0.4848	NUM
dem-2904	155	129	(	(	PUNCT
dem-2904	155	130	0.0829	0.0829	NUM
dem-2904	155	131	)	)	PUNCT
dem-2904	155	132	–	–	PUNCT
dem-2904	155	133	0.0706	0.0706	NUM
dem-2904	155	134	(	(	PUNCT
dem-2904	155	135	0.0527	0.0527	NUM
dem-2904	155	136	)	)	PUNCT
dem-2904	155	137	–	–	PUNCT
dem-2904	155	138	0.8902	0.8902	NUM
dem-2904	155	139	(	(	PUNCT
dem-2904	155	140	0.1948	0.1948	NUM
dem-2904	155	141	)	)	PUNCT
dem-2904	155	142	φ2–2	φ2–2	NOUN
dem-2904	155	143	–	–	PUNCT
dem-2904	155	144	0.6406	0.6406	NUM
dem-2904	155	145	(	(	PUNCT
dem-2904	155	146	0.0698	0.0698	NUM
dem-2904	155	147	)	)	PUNCT
dem-2904	155	148	–	–	PUNCT
dem-2904	155	149	0.6155	0.6155	NUM
dem-2904	155	150	(	(	PUNCT
dem-2904	155	151	0.0739	0.0739	NUM
dem-2904	155	152	)	)	PUNCT
dem-2904	155	153	–	–	PUNCT
dem-2904	155	154	0.6188	0.6188	NUM
dem-2904	155	155	(	(	PUNCT
dem-2904	155	156	0.0928	0.0928	NUM
dem-2904	155	157	)	)	PUNCT
dem-2904	155	158	–	–	PUNCT
dem-2904	155	159	0,4957	0,4957	NOUN
dem-2904	155	160	(	(	PUNCT
dem-2904	155	161	0.0567	0.0567	NUM
dem-2904	155	162	)	)	PUNCT
dem-2904	155	163	regime	regime	NOUN
dem-2904	155	164	-	-	PUNCT
dem-2904	155	165	dependent	dependent	ADJ
dem-2904	155	166	variances	variance	NOUN
dem-2904	155	167	σ21	σ21	NOUN
dem-2904	155	168	0.0056	0.0056	NUM
dem-2904	155	169	(	(	PUNCT
dem-2904	155	170	0.0005	0.0005	NUM
dem-2904	155	171	)	)	PUNCT
dem-2904	155	172	0.0034	0.0034	NUM
dem-2904	155	173	(	(	PUNCT
dem-2904	155	174	0.0002	0.0002	NUM
dem-2904	155	175	)	)	PUNCT
dem-2904	155	176	0.0049	0.0049	NUM
dem-2904	155	177	(	(	PUNCT
dem-2904	155	178	0.0003	0.0003	NUM
dem-2904	155	179	)	)	PUNCT
dem-2904	155	180	0.005	0.005	NUM
dem-2904	155	181	(	(	PUNCT
dem-2904	155	182	0.0015	0.0015	NUM
dem-2904	155	183	)	)	PUNCT
dem-2904	155	184	σ22	σ22	PROPN
dem-2904	155	185	0.0042	0.0042	NUM
dem-2904	155	186	(	(	PUNCT
dem-2904	155	187	0.0005	0.0005	NUM
dem-2904	155	188	)	)	PUNCT
dem-2904	155	189	–	–	PUNCT
dem-2904	155	190	–	–	PUNCT
dem-2904	155	191	0.0014	0.0014	NUM
dem-2904	155	192	(	(	PUNCT
dem-2904	155	193	0.0001	0.0001	NUM
dem-2904	155	194	)	)	PUNCT
dem-2904	155	195	ll	ll	NOUN
dem-2904	155	196	815.77	815.77	NUM
dem-2904	155	197	893.47	893.47	NUM
dem-2904	155	198	828.67	828.67	NUM
dem-2904	155	199	1097.5	1097.5	NUM
dem-2904	155	200	aic	aic	PROPN
dem-2904	155	201	–	–	PUNCT
dem-2904	155	202	1611.6	1611.6	NUM
dem-2904	155	203	–	–	PUNCT
dem-2904	155	204	1768.9	1768.9	NUM
dem-2904	155	205	–	–	PUNCT
dem-2904	155	206	1639.3	1639.3	NUM
dem-2904	155	207	–	–	PUNCT
dem-2904	155	208	2174.9	2174.9	NUM
dem-2904	155	209	lr	lr	PROPN
dem-2904	155	210	test	test	NOUN
dem-2904	155	211	22.95	22.95	NUM
dem-2904	155	212	(	(	PUNCT
dem-2904	155	213	p=0.0008	p=0.0008	PROPN
dem-2904	155	214	)	)	PUNCT
dem-2904	155	215	33.72	33.72	NUM
dem-2904	155	216	(	(	PUNCT
dem-2904	155	217	p=0.000	p=0.000	PROPN
dem-2904	155	218	)	)	PUNCT
dem-2904	155	219	31.28	31.28	NUM
dem-2904	155	220	(	(	PUNCT
dem-2904	155	221	p=0.000	p=0.000	PROPN
dem-2904	155	222	)	)	PUNCT
dem-2904	155	223	34.47	34.47	NUM
dem-2904	155	224	(	(	PUNCT
dem-2904	155	225	p=0.000	p=0.000	NOUN
dem-2904	155	226	)	)	PUNCT
dem-2904	155	227	jarque	jarque	NOUN
dem-2904	155	228	–	–	PUNCT
dem-2904	155	229	bera	bera	NOUN
dem-2904	155	230	test	test	NOUN
dem-2904	155	231	5.549	5.549	NUM
dem-2904	155	232	(	(	PUNCT
dem-2904	155	233	p=0.0624	p=0.0624	PRON
dem-2904	155	234	)	)	PUNCT
dem-2904	155	235	3.360	3.360	NUM
dem-2904	155	236	(	(	PUNCT
dem-2904	155	237	p=0.186	p=0.186	NOUN
dem-2904	155	238	)	)	PUNCT
dem-2904	155	239	14.84	14.84	NUM
dem-2904	155	240	(	(	PUNCT
dem-2904	155	241	p=0.0006	p=0.0006	PROPN
dem-2904	155	242	)	)	PUNCT
dem-2904	155	243	3.516	3.516	NUM
dem-2904	155	244	(	(	PUNCT
dem-2904	155	245	p=0.172	p=0.172	NOUN
dem-2904	155	246	)	)	PUNCT
dem-2904	156	1	rcm	rcm	PROPN
dem-2904	156	2	62.28	62.28	NUM
dem-2904	156	3	10.16	10.16	NUM
dem-2904	156	4	58.37	58.37	NUM
dem-2904	156	5	6.66	6.66	NUM
dem-2904	156	6	transition	transition	NOUN
dem-2904	156	7	probabilities	probability	NOUN
dem-2904	156	8	p11	p11	VERB
dem-2904	156	9	0.7309	0.7309	NUM
dem-2904	156	10	0.9205	0.9205	NUM
dem-2904	156	11	0.7026	0.7026	NUM
dem-2904	156	12	0.5005	0.5005	NUM
dem-2904	156	13	p22	p22	NOUN
dem-2904	156	14	0.8094	0.8094	NUM
dem-2904	156	15	0.9619	0.9619	NUM
dem-2904	156	16	0.8648	0.8648	NUM
dem-2904	156	17	0.9782	0.9782	NUM
dem-2904	156	18	p12	p12	NOUN
dem-2904	156	19	0.2691	0.2691	NUM
dem-2904	156	20	0.0795	0.0795	NUM
dem-2904	156	21	0.2974	0.2974	NUM
dem-2904	156	22	0.4995	0.4995	NUM
dem-2904	156	23	p21	p21	NOUN
dem-2904	156	24	0.1906	0.1906	NUM
dem-2904	156	25	0.0381	0.0381	NUM
dem-2904	156	26	0.1352	0.1352	NUM
dem-2904	156	27	0.0218	0.0218	NUM
dem-2904	156	28	average	average	ADJ
dem-2904	156	29	duration	duration	NOUN
dem-2904	156	30	of	of	ADP
dem-2904	156	31	regime	regime	NOUN
dem-2904	156	32	d(i)1	d(i)1	VERB
dem-2904	156	33	3.72	3.72	NUM
dem-2904	156	34	12.58	12.58	NUM
dem-2904	156	35	3.36	3.36	NUM
dem-2904	156	36	2.00	2.00	NUM
dem-2904	156	37	d(i)2	d(i)2	ADP
dem-2904	156	38	5.25	5.25	NUM
dem-2904	156	39	26.25	26.25	NUM
dem-2904	156	40	7.40	7.40	NUM
dem-2904	156	41	45.87	45.87	NUM
dem-2904	156	42	note	note	NOUN
dem-2904	156	43	:	:	PUNCT
dem-2904	156	44	in	in	ADP
dem-2904	156	45	parentheses	parenthese	VERB
dem-2904	156	46	the	the	DET
dem-2904	156	47	standard	standard	ADJ
dem-2904	156	48	errors	error	NOUN
dem-2904	156	49	of	of	ADP
dem-2904	156	50	parameter	parameter	NOUN
dem-2904	156	51	estimates	estimate	NOUN
dem-2904	156	52	are	be	AUX
dem-2904	156	53	given	give	VERB
dem-2904	156	54	.	.	PUNCT
dem-2904	157	1	andrzej	andrzej	PROPN
dem-2904	157	2	geise	geise	PROPN
dem-2904	157	3	,	,	PUNCT
dem-2904	157	4	mariola	mariola	PROPN
dem-2904	157	5	piłatowska	piłatowska	PROPN
dem-2904	157	6	dynamic	dynamic	ADJ
dem-2904	157	7	econometric	econometric	ADJ
dem-2904	157	8	models	model	NOUN
dem-2904	157	9	vol.13	vol.13	X
dem-2904	157	10	(	(	PUNCT
dem-2904	157	11	2013	2013	NUM
dem-2904	157	12	)	)	PUNCT
dem-2904	157	13	175–194	175–194	NUM
dem-2904	157	14	188	188	NUM
dem-2904	157	15	tion8	tion8	NOUN
dem-2904	157	16	.	.	PUNCT
dem-2904	158	1	what	what	PRON
dem-2904	158	2	is	be	AUX
dem-2904	158	3	interesting	interesting	ADJ
dem-2904	158	4	the	the	DET
dem-2904	158	5	rcm	rcm	PROPN
dem-2904	158	6	statistic	statistic	NOUN
dem-2904	158	7	(	(	PUNCT
dem-2904	158	8	see	see	VERB
dem-2904	158	9	table	table	NOUN
dem-2904	158	10	7	7	NUM
dem-2904	158	11	,	,	PUNCT
dem-2904	158	12	rcm=6.66	rcm=6.66	PROPN
dem-2904	158	13	is	be	AUX
dem-2904	158	14	substantially	substantially	ADV
dem-2904	158	15	below	below	ADP
dem-2904	158	16	50	50	NUM
dem-2904	158	17	)	)	PUNCT
dem-2904	159	1	seems	seem	VERB
dem-2904	159	2	to	to	PART
dem-2904	159	3	indicate	indicate	VERB
dem-2904	159	4	something	something	PRON
dem-2904	159	5	opposite	opposite	ADJ
dem-2904	159	6	,	,	PUNCT
dem-2904	159	7	i.e.	i.e.	X
dem-2904	159	8	that	that	DET
dem-2904	159	9	msiha(2)-ar(2	msiha(2)-ar(2	NOUN
dem-2904	159	10	)	)	PUNCT
dem-2904	159	11	model	model	NOUN
dem-2904	159	12	for	for	ADP
dem-2904	159	13	slovenia	slovenia	PROPN
dem-2904	159	14	performs	perform	VERB
dem-2904	159	15	well	well	ADV
dem-2904	159	16	in	in	ADP
dem-2904	159	17	distinguishing	distinguish	VERB
dem-2904	159	18	between	between	ADP
dem-2904	159	19	two	two	NUM
dem-2904	159	20	regimes	regime	NOUN
dem-2904	159	21	.	.	PUNCT
dem-2904	160	1	however	however	ADV
dem-2904	160	2	,	,	PUNCT
dem-2904	160	3	it	it	PRON
dem-2904	160	4	should	should	AUX
dem-2904	160	5	be	be	AUX
dem-2904	160	6	noted	note	VERB
dem-2904	160	7	that	that	SCONJ
dem-2904	160	8	a	a	DET
dem-2904	160	9	low	low	ADJ
dem-2904	160	10	value	value	NOUN
dem-2904	160	11	of	of	ADP
dem-2904	160	12	the	the	DET
dem-2904	160	13	rcm	rcm	PROPN
dem-2904	160	14	statistic	statistic	NOUN
dem-2904	160	15	does	do	AUX
dem-2904	160	16	not	not	PART
dem-2904	160	17	necessarily	necessarily	ADV
dem-2904	160	18	imply	imply	VERB
dem-2904	160	19	that	that	SCONJ
dem-2904	160	20	the	the	DET
dem-2904	160	21	switches	switch	NOUN
dem-2904	160	22	are	be	AUX
dem-2904	160	23	correctly	correctly	ADV
dem-2904	160	24	predicted	predict	VERB
dem-2904	160	25	,	,	PUNCT
dem-2904	160	26	but	but	CCONJ
dem-2904	160	27	only	only	ADV
dem-2904	160	28	that	that	SCONJ
dem-2904	160	29	they	they	PRON
dem-2904	160	30	are	be	AUX
dem-2904	160	31	sharp	sharp	ADJ
dem-2904	160	32	,	,	PUNCT
dem-2904	160	33	with	with	ADP
dem-2904	160	34	a	a	DET
dem-2904	160	35	small	small	ADJ
dem-2904	160	36	frequency	frequency	NOUN
dem-2904	160	37	of	of	ADP
dem-2904	160	38	periods	period	NOUN
dem-2904	160	39	of	of	ADP
dem-2904	160	40	uncertainty	uncertainty	NOUN
dem-2904	160	41	on	on	ADP
dem-2904	160	42	the	the	DET
dem-2904	160	43	nature	nature	NOUN
dem-2904	160	44	of	of	ADP
dem-2904	160	45	regimes	regime	NOUN
dem-2904	160	46	(	(	PUNCT
dem-2904	160	47	guidolin	guidolin	NOUN
dem-2904	160	48	,	,	PUNCT
dem-2904	160	49	2011	2011	NUM
dem-2904	160	50	)	)	PUNCT
dem-2904	160	51	.	.	PUNCT
dem-2904	161	1	the	the	DET
dem-2904	161	2	regime	regime	NOUN
dem-2904	161	3	2	2	NUM
dem-2904	161	4	(	(	PUNCT
dem-2904	161	5	expansion	expansion	NOUN
dem-2904	161	6	)	)	PUNCT
dem-2904	161	7	is	be	AUX
dem-2904	161	8	highly	highly	ADV
dem-2904	161	9	persistent	persistent	ADJ
dem-2904	161	10	for	for	ADP
dem-2904	161	11	all	all	DET
dem-2904	161	12	countries	country	NOUN
dem-2904	161	13	.	.	PUNCT
dem-2904	162	1	in	in	ADP
dem-2904	162	2	the	the	DET
dem-2904	162	3	recessionary	recessionary	ADJ
dem-2904	162	4	periods	period	NOUN
dem-2904	162	5	the	the	DET
dem-2904	162	6	industry	industry	NOUN
dem-2904	162	7	production	production	NOUN
dem-2904	162	8	index	index	NOUN
dem-2904	162	9	tends	tend	VERB
dem-2904	162	10	to	to	PART
dem-2904	162	11	decrease	decrease	VERB
dem-2904	162	12	)	)	PUNCT
dem-2904	162	13	0	0	PUNCT
dem-2904	163	1	(	(	PUNCT
dem-2904	163	2	1	1	NUM
dem-2904	163	3	<	<	X
dem-2904	163	4	μ	μ	NUM
dem-2904	163	5	whereas	whereas	SCONJ
dem-2904	163	6	in	in	ADP
dem-2904	163	7	the	the	DET
dem-2904	163	8	expansionary	expansionary	ADJ
dem-2904	163	9	periods	period	NOUN
dem-2904	163	10	−	−	PROPN
dem-2904	163	11	tends	tend	VERB
dem-2904	163	12	to	to	PART
dem-2904	163	13	increase	increase	VERB
dem-2904	163	14	2	2	NUM
dem-2904	163	15	(	(	PUNCT
dem-2904	163	16	0)μ	0)μ	VERB
dem-2904	163	17	>	>	X
dem-2904	163	18	for	for	ADP
dem-2904	163	19	all	all	DET
dem-2904	163	20	considered	consider	VERB
dem-2904	163	21	countries	country	NOUN
dem-2904	163	22	.	.	PUNCT
dem-2904	164	1	the	the	DET
dem-2904	164	2	volatility	volatility	NOUN
dem-2904	164	3	of	of	ADP
dem-2904	164	4	industry	industry	NOUN
dem-2904	164	5	production	production	NOUN
dem-2904	164	6	index	index	NOUN
dem-2904	164	7	is	be	AUX
dem-2904	164	8	higher	high	ADJ
dem-2904	164	9	in	in	ADP
dem-2904	164	10	the	the	DET
dem-2904	164	11	regime	regime	NOUN
dem-2904	164	12	1	1	NUM
dem-2904	164	13	(	(	PUNCT
dem-2904	164	14	recession	recession	NOUN
dem-2904	164	15	)	)	PUNCT
dem-2904	164	16	than	than	ADP
dem-2904	164	17	in	in	ADP
dem-2904	164	18	regime	regime	NOUN
dem-2904	164	19	2	2	NUM
dem-2904	164	20	(	(	PUNCT
dem-2904	164	21	expansion	expansion	NOUN
dem-2904	164	22	)	)	PUNCT
dem-2904	164	23	for	for	ADP
dem-2904	164	24	czech	czech	PROPN
dem-2904	164	25	republic	republic	NOUN
dem-2904	164	26	and	and	CCONJ
dem-2904	164	27	slovenia	slovenia	PROPN
dem-2904	164	28	)	)	PUNCT
dem-2904	164	29	.	.	PUNCT
dem-2904	165	1	(	(	PUNCT
dem-2904	165	2	2	2	NUM
dem-2904	165	3	2	2	NUM
dem-2904	165	4	2	2	NUM
dem-2904	165	5	1	1	NUM
dem-2904	165	6	σσ	σσ	ADP
dem-2904	165	7	>	>	X
dem-2904	165	8	the	the	DET
dem-2904	165	9	duration	duration	NOUN
dem-2904	165	10	of	of	ADP
dem-2904	165	11	recessions	recession	NOUN
dem-2904	165	12	and	and	CCONJ
dem-2904	165	13	expansions	expansion	NOUN
dem-2904	165	14	is	be	AUX
dem-2904	165	15	asymmetric	asymmetric	ADJ
dem-2904	165	16	for	for	ADP
dem-2904	165	17	all	all	DET
dem-2904	165	18	countries	country	NOUN
dem-2904	165	19	,	,	PUNCT
dem-2904	165	20	e.g.	e.g.	ADV
dem-2904	165	21	the	the	DET
dem-2904	165	22	duration	duration	NOUN
dem-2904	165	23	of	of	ADP
dem-2904	165	24	expansions	expansion	NOUN
dem-2904	165	25	is	be	AUX
dem-2904	165	26	about	about	ADV
dem-2904	165	27	twice	twice	ADV
dem-2904	165	28	as	as	ADV
dem-2904	165	29	long	long	ADV
dem-2904	165	30	as	as	ADP
dem-2904	165	31	the	the	DET
dem-2904	165	32	recession	recession	NOUN
dem-2904	165	33	state	state	NOUN
dem-2904	165	34	(	(	PUNCT
dem-2904	165	35	except	except	SCONJ
dem-2904	165	36	slovenia	slovenia	PROPN
dem-2904	165	37	)	)	PUNCT
dem-2904	166	1	−	−	PROPN
dem-2904	166	2	see	see	VERB
dem-2904	166	3	table	table	NOUN
dem-2904	166	4	7	7	NUM
dem-2904	166	5	.	.	PUNCT
dem-2904	166	6	smoothed	smooth	VERB
dem-2904	166	7	probabilities	probability	NOUN
dem-2904	166	8	of	of	ADP
dem-2904	166	9	being	be	AUX
dem-2904	166	10	in	in	ADP
dem-2904	166	11	a	a	DET
dem-2904	166	12	given	give	VERB
dem-2904	166	13	regime	regime	NOUN
dem-2904	166	14	are	be	AUX
dem-2904	166	15	calculated	calculate	VERB
dem-2904	166	16	(	(	PUNCT
dem-2904	166	17	see	see	VERB
dem-2904	166	18	figure	figure	NOUN
dem-2904	166	19	3	3	NUM
dem-2904	166	20	)	)	PUNCT
dem-2904	166	21	and	and	CCONJ
dem-2904	166	22	every	every	DET
dem-2904	166	23	observation	observation	NOUN
dem-2904	166	24	is	be	AUX
dem-2904	166	25	assigned	assign	VERB
dem-2904	166	26	to	to	ADP
dem-2904	166	27	a	a	DET
dem-2904	166	28	given	give	VERB
dem-2904	166	29	regime	regime	NOUN
dem-2904	166	30	according	accord	VERB
dem-2904	166	31	to	to	ADP
dem-2904	166	32	the	the	DET
dem-2904	166	33	highest	high	ADJ
dem-2904	166	34	smoothed	smooth	VERB
dem-2904	166	35	probability	probability	NOUN
dem-2904	166	36	.	.	PUNCT
dem-2904	167	1	for	for	ADP
dem-2904	167	2	the	the	DET
dem-2904	167	3	case	case	NOUN
dem-2904	167	4	of	of	ADP
dem-2904	167	5	two	two	NUM
dem-2904	167	6	regimes	regime	NOUN
dem-2904	167	7	,	,	PUNCT
dem-2904	167	8	the	the	DET
dem-2904	167	9	rule	rule	NOUN
dem-2904	167	10	reduces	reduce	VERB
dem-2904	167	11	to	to	ADP
dem-2904	167	12	assigning	assign	VERB
dem-2904	167	13	the	the	DET
dem-2904	167	14	observation	observation	NOUN
dem-2904	167	15	to	to	ADP
dem-2904	167	16	the	the	DET
dem-2904	167	17	first	first	ADJ
dem-2904	167	18	regime	regime	NOUN
dem-2904	167	19	if	if	SCONJ
dem-2904	167	20	5.0)|1pr	5.0)|1pr	NUM
dem-2904	167	21	(	(	PUNCT
dem-2904	167	22	>	>	PUNCT
dem-2904	167	23	=	=	X
dem-2904	167	24	tt	tt	X
dem-2904	167	25	ys	ys	NOUN
dem-2904	167	26	and	and	CCONJ
dem-2904	167	27	assigning	assign	VERB
dem-2904	167	28	it	it	PRON
dem-2904	167	29	to	to	ADP
dem-2904	167	30	the	the	DET
dem-2904	167	31	second	second	ADJ
dem-2904	167	32	regime	regime	NOUN
dem-2904	167	33	if	if	SCONJ
dem-2904	167	34	.5.0)|1pr	.5.0)|1pr	PUNCT
dem-2904	167	35	(	(	PUNCT
dem-2904	167	36	<	<	X
dem-2904	167	37	=	=	X
dem-2904	167	38	tt	tt	X
dem-2904	167	39	ys	ys	NOUN
dem-2904	167	40	corresponding	correspond	VERB
dem-2904	167	41	dating	dating	NOUN
dem-2904	167	42	of	of	ADP
dem-2904	167	43	business	business	NOUN
dem-2904	167	44	cycle	cycle	NOUN
dem-2904	167	45	in	in	ADP
dem-2904	167	46	studied	study	VERB
dem-2904	167	47	countries	country	NOUN
dem-2904	167	48	is	be	AUX
dem-2904	167	49	given	give	VERB
dem-2904	167	50	in	in	ADP
dem-2904	167	51	table	table	NOUN
dem-2904	167	52	8	8	NUM
dem-2904	167	53	.	.	PUNCT
dem-2904	168	1	according	accord	VERB
dem-2904	168	2	to	to	ADP
dem-2904	168	3	the	the	DET
dem-2904	168	4	classical	classical	ADJ
dem-2904	168	5	methodology	methodology	NOUN
dem-2904	168	6	of	of	ADP
dem-2904	168	7	nber	nber	PROPN
dem-2904	168	8	(	(	PUNCT
dem-2904	168	9	national	national	PROPN
dem-2904	168	10	bureau	bureau	PROPN
dem-2904	168	11	of	of	ADP
dem-2904	168	12	economic	economic	ADJ
dem-2904	168	13	research	research	NOUN
dem-2904	168	14	)	)	PUNCT
dem-2904	168	15	the	the	DET
dem-2904	168	16	u.s	u.s	PROPN
dem-2904	168	17	.	.	PROPN
dem-2904	168	18	economic	economic	ADJ
dem-2904	168	19	recession	recession	NOUN
dem-2904	168	20	occurred	occur	VERB
dem-2904	168	21	in	in	ADP
dem-2904	168	22	2001	2001	NUM
dem-2904	168	23	(	(	PUNCT
dem-2904	168	24	collapse	collapse	NOUN
dem-2904	168	25	of	of	ADP
dem-2904	168	26	the	the	DET
dem-2904	168	27	dot	dot	NOUN
dem-2904	168	28	-	-	PUNCT
dem-2904	168	29	com	com	NOUN
dem-2904	168	30	bubble	bubble	NOUN
dem-2904	168	31	,	,	PUNCT
dem-2904	168	32	march	march	PROPN
dem-2904	168	33	2001	2001	NUM
dem-2904	168	34	to	to	ADP
dem-2904	168	35	december	december	PROPN
dem-2904	168	36	2001	2001	NUM
dem-2904	168	37	)	)	PUNCT
dem-2904	168	38	and	and	CCONJ
dem-2904	168	39	in	in	ADP
dem-2904	168	40	2007−2009	2007−2009	NUM
dem-2904	168	41	period	period	NOUN
dem-2904	168	42	(	(	PUNCT
dem-2904	168	43	subprime	subprime	ADJ
dem-2904	168	44	mortgage	mortgage	NOUN
dem-2904	168	45	crisis	crisis	NOUN
dem-2904	168	46	,	,	PUNCT
dem-2904	168	47	december	december	PROPN
dem-2904	168	48	2007	2007	NUM
dem-2904	168	49	to	to	ADP
dem-2904	168	50	july	july	PROPN
dem-2904	168	51	2009)9	2009)9	NUM
dem-2904	168	52	.	.	PUNCT
dem-2904	169	1	the	the	DET
dem-2904	169	2	smoothed	smooth	VERB
dem-2904	169	3	probabilities	probability	NOUN
dem-2904	169	4	of	of	ADP
dem-2904	169	5	being	be	AUX
dem-2904	169	6	in	in	ADP
dem-2904	169	7	a	a	DET
dem-2904	169	8	recession	recession	NOUN
dem-2904	169	9	(	(	PUNCT
dem-2904	169	10	figure	figure	NOUN
dem-2904	169	11	3	3	NUM
dem-2904	169	12	)	)	PUNCT
dem-2904	169	13	obtained	obtain	VERB
dem-2904	169	14	with	with	ADP
dem-2904	169	15	the	the	DET
dem-2904	169	16	markov	markov	NOUN
dem-2904	169	17	switching	switching	NOUN
dem-2904	169	18	models	model	NOUN
dem-2904	169	19	indicate	indicate	VERB
dem-2904	169	20	that	that	SCONJ
dem-2904	169	21	in	in	ADP
dem-2904	169	22	case	case	NOUN
dem-2904	169	23	of	of	ADP
dem-2904	169	24	hungary	hungary	PROPN
dem-2904	169	25	and	and	CCONJ
dem-2904	169	26	poland	poland	PROPN
dem-2904	169	27	the	the	DET
dem-2904	169	28	financial	financial	ADJ
dem-2904	169	29	crisis	crisis	NOUN
dem-2904	169	30	affected	affect	VERB
dem-2904	169	31	these	these	DET
dem-2904	169	32	economies	economy	NOUN
dem-2904	169	33	.	.	PUNCT
dem-2904	170	1	the	the	DET
dem-2904	170	2	impact	impact	NOUN
dem-2904	170	3	of	of	ADP
dem-2904	170	4	the	the	DET
dem-2904	170	5	dot	dot	NOUN
dem-2904	170	6	-	-	PUNCT
dem-2904	170	7	com	com	NOUN
dem-2904	170	8	crisis	crisis	NOUN
dem-2904	170	9	has	have	AUX
dem-2904	170	10	been	be	AUX
dem-2904	170	11	demonstrated	demonstrate	VERB
dem-2904	170	12	in	in	ADP
dem-2904	170	13	the	the	DET
dem-2904	170	14	case	case	NOUN
dem-2904	170	15	of	of	ADP
dem-2904	170	16	hungary	hungary	PROPN
dem-2904	170	17	and	and	CCONJ
dem-2904	170	18	poland	poland	PROPN
dem-2904	170	19	(	(	PUNCT
dem-2904	170	20	see	see	VERB
dem-2904	170	21	figure	figure	NOUN
dem-2904	170	22	3	3	NUM
dem-2904	170	23	and	and	CCONJ
dem-2904	170	24	table	table	NOUN
dem-2904	170	25	8)	8)	NUM
dem-2904	170	26	.	.	PUNCT
dem-2904	171	1	generally	generally	ADV
dem-2904	171	2	,	,	PUNCT
dem-2904	171	3	dating	date	VERB
dem-2904	171	4	of	of	ADP
dem-2904	171	5	business	business	NOUN
dem-2904	171	6	cycle	cycle	NOUN
dem-2904	171	7	obtained	obtain	VERB
dem-2904	171	8	with	with	ADP
dem-2904	171	9	the	the	DET
dem-2904	171	10	ms	ms	PROPN
dem-2904	171	11	-	-	PUNCT
dem-2904	171	12	ar	ar	NOUN
dem-2904	171	13	models	model	NOUN
dem-2904	171	14	is	be	AUX
dem-2904	171	15	partly	partly	ADV
dem-2904	171	16	consistent	consistent	ADJ
dem-2904	171	17	with	with	ADP
dem-2904	171	18	the	the	DET
dem-2904	171	19	dating	dating	NOUN
dem-2904	171	20	of	of	ADP
dem-2904	171	21	world	world	NOUN
dem-2904	171	22	economic	economic	ADJ
dem-2904	171	23	recession	recession	NOUN
dem-2904	171	24	ob	ob	ADP
dem-2904	171	25	8	8	NUM
dem-2904	171	26	in	in	ADP
dem-2904	171	27	order	order	NOUN
dem-2904	171	28	to	to	PART
dem-2904	171	29	find	find	VERB
dem-2904	171	30	a	a	DET
dem-2904	171	31	better	well	ADJ
dem-2904	171	32	specification	specification	NOUN
dem-2904	171	33	with	with	ADP
dem-2904	171	34	more	more	ADV
dem-2904	171	35	plausible	plausible	ADJ
dem-2904	171	36	values	value	NOUN
dem-2904	171	37	of	of	ADP
dem-2904	171	38	transition	transition	NOUN
dem-2904	171	39	probabilities	probability	NOUN
dem-2904	171	40	we	we	PRON
dem-2904	171	41	tried	try	VERB
dem-2904	171	42	out	out	ADP
dem-2904	171	43	different	different	ADJ
dem-2904	171	44	model	model	NOUN
dem-2904	171	45	specifications	specification	NOUN
dem-2904	171	46	(	(	PUNCT
dem-2904	171	47	see	see	VERB
dem-2904	171	48	table	table	NOUN
dem-2904	171	49	6	6	NUM
dem-2904	171	50	)	)	PUNCT
dem-2904	171	51	.	.	PUNCT
dem-2904	172	1	only	only	ADV
dem-2904	172	2	for	for	ADP
dem-2904	172	3	the	the	DET
dem-2904	172	4	msia(2)-ar(1	msia(2)-ar(1	NOUN
dem-2904	172	5	)	)	PUNCT
dem-2904	172	6	model	model	NOUN
dem-2904	172	7	the	the	DET
dem-2904	172	8	reasonable	reasonable	ADJ
dem-2904	172	9	values	value	NOUN
dem-2904	172	10	of	of	ADP
dem-2904	172	11	p11	p11	NOUN
dem-2904	172	12	and	and	CCONJ
dem-2904	172	13	p12	p12	ADJ
dem-2904	172	14	were	be	AUX
dem-2904	172	15	obtained	obtain	VERB
dem-2904	172	16	,	,	PUNCT
dem-2904	172	17	i.e.	i.e.	X
dem-2904	172	18	0.74	0.74	NUM
dem-2904	172	19	and	and	CCONJ
dem-2904	172	20	0.26	0.26	NUM
dem-2904	172	21	respectively	respectively	ADV
dem-2904	172	22	.	.	PUNCT
dem-2904	173	1	however	however	ADV
dem-2904	173	2	,	,	PUNCT
dem-2904	173	3	simultaneously	simultaneously	ADV
dem-2904	173	4	the	the	DET
dem-2904	173	5	rcm	rcm	PROPN
dem-2904	173	6	statistic	statistic	NOUN
dem-2904	173	7	took	take	VERB
dem-2904	173	8	the	the	DET
dem-2904	173	9	higher	high	ADJ
dem-2904	173	10	value	value	NOUN
dem-2904	173	11	,	,	PUNCT
dem-2904	173	12	rcm=36.06	rcm=36.06	NOUN
dem-2904	173	13	,	,	PUNCT
dem-2904	173	14	and	and	CCONJ
dem-2904	173	15	what	what	PRON
dem-2904	173	16	it	it	PRON
dem-2904	173	17	is	be	AUX
dem-2904	173	18	more	more	ADV
dem-2904	173	19	important	important	ADJ
dem-2904	173	20	the	the	DET
dem-2904	173	21	switches	switch	NOUN
dem-2904	173	22	between	between	ADP
dem-2904	173	23	regimes	regime	NOUN
dem-2904	173	24	occurred	occur	VERB
dem-2904	173	25	very	very	ADV
dem-2904	173	26	often	often	ADV
dem-2904	173	27	what	what	PRON
dem-2904	173	28	indicates	indicate	VERB
dem-2904	173	29	the	the	DET
dem-2904	173	30	difficulties	difficulty	NOUN
dem-2904	173	31	in	in	ADP
dem-2904	173	32	distinguishing	distinguish	VERB
dem-2904	173	33	between	between	ADP
dem-2904	173	34	two	two	NUM
dem-2904	173	35	regimes	regime	NOUN
dem-2904	173	36	.	.	PUNCT
dem-2904	174	1	therefore	therefore	ADV
dem-2904	174	2	the	the	DET
dem-2904	174	3	results	result	NOUN
dem-2904	174	4	for	for	ADP
dem-2904	174	5	slovenia	slovenia	PROPN
dem-2904	174	6	seem	seem	VERB
dem-2904	174	7	rather	rather	ADV
dem-2904	174	8	implausible	implausible	ADJ
dem-2904	174	9	and	and	CCONJ
dem-2904	174	10	should	should	AUX
dem-2904	174	11	be	be	AUX
dem-2904	174	12	taken	take	VERB
dem-2904	174	13	with	with	ADP
dem-2904	174	14	caution	caution	NOUN
dem-2904	174	15	.	.	PUNCT
dem-2904	175	1	9	9	NUM
dem-2904	175	2	see	see	NOUN
dem-2904	175	3	:	:	PUNCT
dem-2904	175	4	http://www.nber.org/-cycles/cyclesmain.html	http://www.nber.org/-cycles/cyclesmain.html	ADJ
dem-2904	175	5	.	.	PUNCT
dem-2904	176	1	synchronization	synchronization	NOUN
dem-2904	176	2	of	of	ADP
dem-2904	176	3	crude	crude	ADJ
dem-2904	176	4	oil	oil	NOUN
dem-2904	176	5	price	price	NOUN
dem-2904	176	6	cycle	cycle	NOUN
dem-2904	176	7	and	and	CCONJ
dem-2904	176	8	business	business	NOUN
dem-2904	176	9	cycle	cycle	NOUN
dem-2904	176	10	...	...	PUNCT
dem-2904	176	11	dynamic	dynamic	ADJ
dem-2904	176	12	econometric	econometric	ADJ
dem-2904	176	13	models	model	NOUN
dem-2904	176	14	vol	vol	NOUN
dem-2904	176	15	.	.	PROPN
dem-2904	176	16	13	13	NUM
dem-2904	176	17	(	(	PUNCT
dem-2904	176	18	2013	2013	NUM
dem-2904	176	19	)	)	PUNCT
dem-2904	177	1	175–194	175–194	NUM
dem-2904	177	2	189	189	NUM
dem-2904	177	3	tained	taine	VERB
dem-2904	177	4	with	with	ADP
dem-2904	177	5	the	the	DET
dem-2904	177	6	nber	nber	PROPN
dem-2904	177	7	methodology	methodology	PROPN
dem-2904	177	8	,	,	PUNCT
dem-2904	177	9	however	however	ADV
dem-2904	177	10	there	there	PRON
dem-2904	177	11	are	be	VERB
dem-2904	177	12	other	other	ADJ
dem-2904	177	13	recessionary	recessionary	ADJ
dem-2904	177	14	periods	period	NOUN
dem-2904	177	15	which	which	PRON
dem-2904	177	16	are	be	AUX
dem-2904	177	17	country	country	NOUN
dem-2904	177	18	specific	specific	ADJ
dem-2904	177	19	,	,	PUNCT
dem-2904	177	20	e.g.	e.g.	ADV
dem-2904	177	21	poland	poland	PROPN
dem-2904	177	22	.	.	PUNCT
dem-2904	178	1	figure	figure	NOUN
dem-2904	178	2	3	3	NUM
dem-2904	178	3	.	.	PUNCT
dem-2904	178	4	smoothed	smooth	VERB
dem-2904	178	5	probabilities	probability	NOUN
dem-2904	178	6	of	of	ADP
dem-2904	178	7	being	be	AUX
dem-2904	178	8	in	in	ADP
dem-2904	178	9	a	a	DET
dem-2904	178	10	recession	recession	NOUN
dem-2904	178	11	for	for	ADP
dem-2904	178	12	industry	industry	NOUN
dem-2904	178	13	production	production	NOUN
dem-2904	178	14	index	index	NOUN
dem-2904	178	15	in	in	ADP
dem-2904	178	16	chosen	choose	VERB
dem-2904	178	17	cee	cee	NOUN
dem-2904	178	18	countries	country	NOUN
dem-2904	178	19	whereas	whereas	SCONJ
dem-2904	178	20	for	for	ADP
dem-2904	178	21	poland	poland	PROPN
dem-2904	178	22	the	the	DET
dem-2904	178	23	univariate	univariate	ADJ
dem-2904	178	24	ms	ms	PROPN
dem-2904	178	25	-	-	PUNCT
dem-2904	178	26	ar	ar	NOUN
dem-2904	178	27	model	model	NOUN
dem-2904	178	28	seems	seem	VERB
dem-2904	178	29	to	to	PART
dem-2904	178	30	capture	capture	VERB
dem-2904	178	31	relatively	relatively	ADV
dem-2904	178	32	well	well	ADV
dem-2904	178	33	the	the	DET
dem-2904	178	34	different	different	ADJ
dem-2904	178	35	recessionary	recessionary	ADJ
dem-2904	178	36	periods	period	NOUN
dem-2904	178	37	,	,	PUNCT
dem-2904	178	38	in	in	ADP
dem-2904	178	39	the	the	DET
dem-2904	178	40	case	case	NOUN
dem-2904	178	41	of	of	ADP
dem-2904	178	42	czech	czech	PROPN
dem-2904	178	43	republic	republic	PROPN
dem-2904	178	44	and	and	CCONJ
dem-2904	178	45	hungary	hungary	PROPN
dem-2904	178	46	the	the	DET
dem-2904	178	47	ms	ms	PROPN
dem-2904	178	48	-	-	PUNCT
dem-2904	178	49	ar	ar	PROPN
dem-2904	178	50	model	model	NOUN
dem-2904	178	51	delivers	deliver	VERB
dem-2904	178	52	the	the	DET
dem-2904	178	53	worst	bad	ADJ
dem-2904	178	54	fit	fit	NOUN
dem-2904	178	55	,	,	PUNCT
dem-2904	178	56	with	with	ADP
dem-2904	178	57	difficulties	difficulty	NOUN
dem-2904	178	58	distinguishing	distinguish	VERB
dem-2904	178	59	clearly	clearly	ADV
dem-2904	178	60	the	the	DET
dem-2904	178	61	recessionary	recessionary	ADJ
dem-2904	178	62	periods	period	NOUN
dem-2904	178	63	(	(	PUNCT
dem-2904	178	64	switches	switch	NOUN
dem-2904	178	65	between	between	ADP
dem-2904	178	66	regimes	regime	NOUN
dem-2904	178	67	occur	occur	VERB
dem-2904	178	68	very	very	ADV
dem-2904	178	69	often	often	ADV
dem-2904	178	70	)	)	PUNCT
dem-2904	178	71	.	.	PUNCT
dem-2904	179	1	besides	besides	SCONJ
dem-2904	179	2	,	,	PUNCT
dem-2904	179	3	the	the	DET
dem-2904	179	4	rcm	rcm	PROPN
dem-2904	179	5	statistic	statistic	NOUN
dem-2904	179	6	(	(	PUNCT
dem-2904	179	7	higher	high	ADJ
dem-2904	179	8	than	than	ADP
dem-2904	179	9	50	50	NUM
dem-2904	179	10	,	,	PUNCT
dem-2904	179	11	see	see	VERB
dem-2904	179	12	table	table	NOUN
dem-2904	179	13	7	7	NUM
dem-2904	179	14	)	)	PUNCT
dem-2904	179	15	in	in	ADP
dem-2904	179	16	the	the	DET
dem-2904	179	17	case	case	NOUN
dem-2904	179	18	of	of	ADP
dem-2904	179	19	czech	czech	PROPN
dem-2904	179	20	republic	republic	PROPN
dem-2904	179	21	and	and	CCONJ
dem-2904	179	22	hungary	hungary	PROPN
dem-2904	179	23	suggests	suggest	VERB
dem-2904	179	24	rather	rather	ADV
dem-2904	179	25	that	that	SCONJ
dem-2904	179	26	the	the	DET
dem-2904	179	27	chosen	choose	VERB
dem-2904	179	28	markov	markov	NOUN
dem-2904	179	29	-	-	PUNCT
dem-2904	179	30	switching	switch	VERB
dem-2904	179	31	models	model	NOUN
dem-2904	179	32	are	be	AUX
dem-2904	179	33	not	not	PART
dem-2904	179	34	able	able	ADJ
dem-2904	179	35	to	to	PART
dem-2904	179	36	distinguish	distinguish	VERB
dem-2904	179	37	between	between	ADP
dem-2904	179	38	two	two	NUM
dem-2904	179	39	regimes	regime	NOUN
dem-2904	179	40	and	and	CCONJ
dem-2904	179	41	as	as	ADP
dem-2904	179	42	a	a	DET
dem-2904	179	43	result	result	NOUN
dem-2904	179	44	the	the	DET
dem-2904	179	45	existence	existence	NOUN
dem-2904	179	46	of	of	ADP
dem-2904	179	47	two	two	NUM
dem-2904	179	48	regimes	regime	NOUN
dem-2904	179	49	is	be	AUX
dem-2904	179	50	doubtful	doubtful	ADJ
dem-2904	179	51	(	(	PUNCT
dem-2904	179	52	additionally	additionally	ADV
dem-2904	179	53	,	,	PUNCT
dem-2904	179	54	the	the	DET
dem-2904	179	55	model	model	NOUN
dem-2904	179	56	evaluation	evaluation	NOUN
dem-2904	179	57	is	be	AUX
dem-2904	179	58	weaken	weaken	VERB
dem-2904	179	59	by	by	ADP
dem-2904	179	60	the	the	DET
dem-2904	179	61	fact	fact	NOUN
dem-2904	179	62	that	that	SCONJ
dem-2904	179	63	the	the	DET
dem-2904	179	64	standarized	standarize	VERB
dem-2904	179	65	residuals	residual	NOUN
dem-2904	179	66	are	be	AUX
dem-2904	179	67	not	not	PART
dem-2904	179	68	standard	standard	ADJ
dem-2904	179	69	normally	normally	ADV
dem-2904	179	70	distributed	distribute	VERB
dem-2904	179	71	−	−	PROPN
dem-2904	179	72	see	see	VERB
dem-2904	179	73	table	table	NOUN
dem-2904	179	74	7	7	NUM
dem-2904	179	75	)	)	PUNCT
dem-2904	179	76	.	.	PUNCT
dem-2904	180	1	only	only	ADV
dem-2904	180	2	in	in	ADP
dem-2904	180	3	the	the	DET
dem-2904	180	4	case	case	NOUN
dem-2904	180	5	of	of	ADP
dem-2904	180	6	poland	poland	PROPN
dem-2904	180	7	the	the	DET
dem-2904	180	8	markov	markov	NOUN
dem-2904	180	9	-	-	PUNCT
dem-2904	180	10	switching	switch	VERB
dem-2904	180	11	model	model	NOUN
dem-2904	180	12	can	can	AUX
dem-2904	180	13	clearly	clearly	ADV
dem-2904	180	14	differentiate	differentiate	VERB
dem-2904	180	15	one	one	NUM
dem-2904	180	16	regime	regime	NOUN
dem-2904	180	17	in	in	ADP
dem-2904	180	18	each	each	DET
dem-2904	180	19	period	period	NOUN
dem-2904	180	20	considered	consider	VERB
dem-2904	180	21	(	(	PUNCT
dem-2904	180	22	rcm	rcm	PROPN
dem-2904	180	23	statistic	statistic	PROPN
dem-2904	180	24	substantially	substantially	ADV
dem-2904	180	25	below	below	ADP
dem-2904	180	26	50	50	NUM
dem-2904	180	27	and	and	CCONJ
dem-2904	180	28	normal	normal	ADJ
dem-2904	180	29	distribution	distribution	NOUN
dem-2904	180	30	of	of	ADP
dem-2904	180	31	residuals	residual	NOUN
dem-2904	180	32	−	−	PROPN
dem-2904	180	33	see	see	VERB
dem-2904	180	34	table	table	NOUN
dem-2904	180	35	7	7	NUM
dem-2904	180	36	)	)	PUNCT
dem-2904	180	37	.	.	PUNCT
dem-2904	181	1	andrzej	andrzej	PROPN
dem-2904	181	2	geise	geise	PROPN
dem-2904	181	3	,	,	PUNCT
dem-2904	181	4	mariola	mariola	PROPN
dem-2904	181	5	piłatowska	piłatowska	PROPN
dem-2904	181	6	dynamic	dynamic	ADJ
dem-2904	181	7	econometric	econometric	ADJ
dem-2904	181	8	models	model	NOUN
dem-2904	181	9	vol.13	vol.13	X
dem-2904	181	10	(	(	PUNCT
dem-2904	181	11	2013	2013	NUM
dem-2904	181	12	)	)	PUNCT
dem-2904	181	13	175–194	175–194	NUM
dem-2904	181	14	190	190	NUM
dem-2904	181	15	table	table	NOUN
dem-2904	181	16	8	8	NUM
dem-2904	181	17	.	.	PUNCT
dem-2904	182	1	dating	date	VERB
dem-2904	182	2	of	of	ADP
dem-2904	182	3	business	business	NOUN
dem-2904	182	4	cycle	cycle	NOUN
dem-2904	182	5	(	(	PUNCT
dem-2904	182	6	recessions	recession	NOUN
dem-2904	182	7	)	)	PUNCT
dem-2904	182	8	for	for	ADP
dem-2904	182	9	considered	consider	VERB
dem-2904	182	10	central	central	ADJ
dem-2904	182	11	eastern	eastern	ADJ
dem-2904	182	12	european	european	ADJ
dem-2904	182	13	economies	economy	NOUN
dem-2904	182	14	and	and	CCONJ
dem-2904	182	15	crude	crude	ADJ
dem-2904	182	16	oil	oil	NOUN
dem-2904	182	17	price	price	NOUN
dem-2904	182	18	cycle	cycle	NOUN
dem-2904	182	19	(	(	PUNCT
dem-2904	182	20	drops	drop	NOUN
dem-2904	182	21	in	in	ADP
dem-2904	182	22	oil	oil	NOUN
dem-2904	182	23	prices	price	NOUN
dem-2904	182	24	)	)	PUNCT
dem-2904	182	25	,	,	PUNCT
dem-2904	182	26	1995−2013	1995−2013	NUM
dem-2904	182	27	oil	oil	NOUN
dem-2904	182	28	price	price	NOUN
dem-2904	182	29	cycle	cycle	NOUN
dem-2904	182	30	(	(	PUNCT
dem-2904	182	31	drops	drop	NOUN
dem-2904	182	32	in	in	ADP
dem-2904	182	33	oil	oil	NOUN
dem-2904	182	34	prices	price	NOUN
dem-2904	182	35	)	)	PUNCT
dem-2904	182	36	business	business	NOUN
dem-2904	182	37	cycle	cycle	NOUN
dem-2904	182	38	(	(	PUNCT
dem-2904	182	39	regime	regime	NOUN
dem-2904	182	40	1	1	NUM
dem-2904	182	41	−	−	NOUN
dem-2904	182	42	recession	recession	NOUN
dem-2904	182	43	)	)	PUNCT
dem-2904	182	44	czech	czech	PROPN
dem-2904	182	45	rep	rep	PROPN
dem-2904	182	46	.	.	PROPN
dem-2904	182	47	poland	poland	PROPN
dem-2904	182	48	hungary	hungary	PROPN
dem-2904	182	49	slovenia	slovenia	PROPN
dem-2904	182	50	1997(11)–2001(11	1997(11)–2001(11	NUM
dem-2904	182	51	)	)	PUNCT
dem-2904	182	52	2006(08)–2006(12	2006(08)–2006(12	NUM
dem-2904	182	53	)	)	PUNCT
dem-2904	182	54	2008(07)–2009(02	2008(07)–2009(02	NUM
dem-2904	182	55	)	)	PUNCT
dem-2904	182	56	1995(4)–1995(5	1995(4)–1995(5	NUM
dem-2904	182	57	)	)	PUNCT
dem-2904	182	58	1995(9)–1995(11	1995(9)–1995(11	NUM
dem-2904	182	59	)	)	PUNCT
dem-2904	182	60	1997(7)–1997(9	1997(7)–1997(9	NUM
dem-2904	182	61	)	)	PUNCT
dem-2904	182	62	1997(12)–1998(10	1997(12)–1998(10	NUM
dem-2904	182	63	)	)	PUNCT
dem-2904	182	64	1999(8)–1999(11	1999(8)–1999(11	NUM
dem-2904	182	65	)	)	PUNCT
dem-2904	183	1	2000(3)–2000(6	2000(3)–2000(6	NUM
dem-2904	183	2	)	)	PUNCT
dem-2904	183	3	2001(2)–2001(10	2001(2)–2001(10	NOUN
dem-2904	183	4	)	)	PUNCT
dem-2904	183	5	2003(2)–2003(2	2003(2)–2003(2	NUM
dem-2904	183	6	)	)	PUNCT
dem-2904	183	7	2003(10)–2004(3	2003(10)–2004(3	NUM
dem-2904	183	8	)	)	PUNCT
dem-2904	183	9	2004(7)–2004(10	2004(7)–2004(10	NUM
dem-2904	183	10	)	)	PUNCT
dem-2904	183	11	2005(8)–2005(10	2005(8)–2005(10	NUM
dem-2904	183	12	)	)	PUNCT
dem-2904	183	13	2006(5)–2006(12	2006(5)–2006(12	NUM
dem-2904	183	14	)	)	PUNCT
dem-2904	183	15	2007(12)–2008(2	2007(12)–2008(2	NUM
dem-2904	183	16	)	)	PUNCT
dem-2904	183	17	2008(5)–2008(11	2008(5)–2008(11	NUM
dem-2904	183	18	)	)	PUNCT
dem-2904	183	19	2009(1)–2009(2	2009(1)–2009(2	NUM
dem-2904	183	20	)	)	PUNCT
dem-2904	183	21	2010(5)–2010(5	2010(5)–2010(5	NUM
dem-2904	183	22	)	)	PUNCT
dem-2904	183	23	2012(2)–2012(10	2012(2)–2012(10	NUM
dem-2904	183	24	)	)	PUNCT
dem-2904	184	1	1998(5)–1999(1	1998(5)–1999(1	NUM
dem-2904	184	2	)	)	PUNCT
dem-2904	184	3	2000(10	2000(10	NUM
dem-2904	184	4	)	)	PUNCT
dem-2904	184	5	–	–	PUNCT
dem-2904	184	6	2002(4	2002(4	NUM
dem-2904	184	7	)	)	PUNCT
dem-2904	184	8	2004(5)–2005(2	2004(5)–2005(2	NUM
dem-2904	184	9	)	)	PUNCT
dem-2904	184	10	2008(2)–2009(1	2008(2)–2009(1	NUM
dem-2904	184	11	)	)	PUNCT
dem-2904	184	12	2012(1)–2013(4	2012(1)–2013(4	NUM
dem-2904	184	13	)	)	PUNCT
dem-2904	184	14	1995(9)–1995(10	1995(9)–1995(10	NOUN
dem-2904	184	15	)	)	PUNCT
dem-2904	184	16	1997(8)–1997(10	1997(8)–1997(10	NUM
dem-2904	184	17	)	)	PUNCT
dem-2904	184	18	1999(7)–1999(9	1999(7)–1999(9	NUM
dem-2904	184	19	)	)	PUNCT
dem-2904	184	20	2000(4)–2000(8	2000(4)–2000(8	NUM
dem-2904	184	21	)	)	PUNCT
dem-2904	184	22	2001(5)–2001(6	2001(5)–2001(6	NUM
dem-2904	184	23	)	)	PUNCT
dem-2904	184	24	2001(9)–2001(11	2001(9)–2001(11	NUM
dem-2904	184	25	)	)	PUNCT
dem-2904	184	26	2008(3)–2008(12	2008(3)–2008(12	NUM
dem-2904	184	27	)	)	PUNCT
dem-2904	185	1	2009(2)–2009(4	2009(2)–2009(4	NUM
dem-2904	185	2	)	)	PUNCT
dem-2904	185	3	2011(3)–2011(6	2011(3)–2011(6	NUM
dem-2904	185	4	)	)	PUNCT
dem-2904	185	5	2012(3)–2012(7	2012(3)–2012(7	NUM
dem-2904	185	6	)	)	PUNCT
dem-2904	185	7	2012(9)–2012(10	2012(9)–2012(10	ADJ
dem-2904	185	8	1996(9)–1996(9	1996(9)–1996(9	NUM
dem-2904	185	9	)	)	PUNCT
dem-2904	185	10	1997(9)–1997(9	1997(9)–1997(9	NUM
dem-2904	185	11	)	)	PUNCT
dem-2904	185	12	2008(11)–2009(2	2008(11)–2009(2	NOUN
dem-2904	185	13	)	)	PUNCT
dem-2904	185	14	in	in	ADP
dem-2904	185	15	order	order	NOUN
dem-2904	185	16	to	to	PART
dem-2904	185	17	evaluate	evaluate	VERB
dem-2904	185	18	the	the	DET
dem-2904	185	19	extent	extent	NOUN
dem-2904	185	20	to	to	PART
dem-2904	185	21	which	which	PRON
dem-2904	185	22	turning	turn	VERB
dem-2904	185	23	points	point	NOUN
dem-2904	185	24	in	in	ADP
dem-2904	185	25	the	the	DET
dem-2904	185	26	two	two	NUM
dem-2904	185	27	series	series	NOUN
dem-2904	185	28	occur	occur	VERB
dem-2904	185	29	near	near	ADP
dem-2904	185	30	each	each	DET
dem-2904	185	31	other	other	ADJ
dem-2904	185	32	and	and	CCONJ
dem-2904	185	33	to	to	PART
dem-2904	185	34	evaluate	evaluate	VERB
dem-2904	185	35	synchronization	synchronization	NOUN
dem-2904	185	36	of	of	ADP
dem-2904	185	37	cycles	cycle	NOUN
dem-2904	185	38	the	the	DET
dem-2904	185	39	correlation	correlation	NOUN
dem-2904	185	40	of	of	ADP
dem-2904	185	41	business	business	NOUN
dem-2904	185	42	cycle	cycle	NOUN
dem-2904	185	43	in	in	ADP
dem-2904	185	44	given	give	VERB
dem-2904	185	45	countries	country	NOUN
dem-2904	185	46	and	and	CCONJ
dem-2904	185	47	crude	crude	ADJ
dem-2904	185	48	oil	oil	NOUN
dem-2904	185	49	price	price	NOUN
dem-2904	185	50	cycle	cycle	NOUN
dem-2904	185	51	and	and	CCONJ
dem-2904	185	52	concordance	concordance	NOUN
dem-2904	185	53	index	index	NOUN
dem-2904	185	54	respectively	respectively	ADV
dem-2904	185	55	have	have	AUX
dem-2904	185	56	been	be	AUX
dem-2904	185	57	calculated10	calculated10	NOUN
dem-2904	185	58	.	.	PUNCT
dem-2904	186	1	for	for	ADP
dem-2904	186	2	the	the	DET
dem-2904	186	3	comparison	comparison	NOUN
dem-2904	186	4	purposes	purpose	NOUN
dem-2904	186	5	these	these	DET
dem-2904	186	6	calculations	calculation	NOUN
dem-2904	186	7	are	be	AUX
dem-2904	186	8	carried	carry	VERB
dem-2904	186	9	out	out	ADP
dem-2904	186	10	for	for	ADP
dem-2904	186	11	all	all	DET
dem-2904	186	12	chosen	choose	VERB
dem-2904	186	13	countries	country	NOUN
dem-2904	186	14	,	,	PUNCT
dem-2904	186	15	although	although	SCONJ
dem-2904	186	16	only	only	ADV
dem-2904	186	17	in	in	ADP
dem-2904	186	18	the	the	DET
dem-2904	186	19	case	case	NOUN
dem-2904	186	20	of	of	ADP
dem-2904	186	21	poland	poland	PROPN
dem-2904	186	22	they	they	PRON
dem-2904	186	23	are	be	AUX
dem-2904	186	24	sensible	sensible	ADJ
dem-2904	186	25	.	.	PUNCT
dem-2904	187	1	the	the	DET
dem-2904	187	2	correlation	correlation	NOUN
dem-2904	187	3	coefficients	coefficient	VERB
dem-2904	187	4	between	between	ADP
dem-2904	187	5	probabilities	probability	NOUN
dem-2904	187	6	of	of	ADP
dem-2904	187	7	being	be	AUX
dem-2904	187	8	in	in	ADP
dem-2904	187	9	regime	regime	NOUN
dem-2904	187	10	1	1	NUM
dem-2904	187	11	(	(	PUNCT
dem-2904	187	12	recession	recession	NOUN
dem-2904	187	13	and	and	CCONJ
dem-2904	187	14	drops	drop	NOUN
dem-2904	187	15	in	in	ADP
dem-2904	187	16	oil	oil	NOUN
dem-2904	187	17	prices	price	NOUN
dem-2904	187	18	for	for	ADP
dem-2904	187	19	business	business	NOUN
dem-2904	187	20	cycle	cycle	NOUN
dem-2904	187	21	and	and	CCONJ
dem-2904	187	22	crude	crude	ADJ
dem-2904	187	23	oil	oil	NOUN
dem-2904	187	24	price	price	NOUN
dem-2904	187	25	cycle	cycle	NOUN
dem-2904	187	26	respectively	respectively	ADV
dem-2904	187	27	)	)	PUNCT
dem-2904	187	28	are	be	AUX
dem-2904	187	29	displayed	display	VERB
dem-2904	187	30	in	in	ADP
dem-2904	187	31	figure	figure	NOUN
dem-2904	187	32	4	4	NUM
dem-2904	187	33	.	.	PUNCT
dem-2904	188	1	generally	generally	ADV
dem-2904	188	2	,	,	PUNCT
dem-2904	188	3	the	the	DET
dem-2904	188	4	correlations	correlation	NOUN
dem-2904	188	5	between	between	ADP
dem-2904	188	6	probabilities	probability	NOUN
dem-2904	188	7	of	of	ADP
dem-2904	188	8	being	be	AUX
dem-2904	188	9	in	in	ADP
dem-2904	188	10	regime	regime	NOUN
dem-2904	188	11	1	1	NUM
dem-2904	188	12	(	(	PUNCT
dem-2904	188	13	figure	figure	NOUN
dem-2904	188	14	4	4	NUM
dem-2904	188	15	)	)	PUNCT
dem-2904	188	16	are	be	AUX
dem-2904	188	17	weak	weak	ADJ
dem-2904	188	18	what	what	PRON
dem-2904	188	19	means	mean	VERB
dem-2904	188	20	that	that	SCONJ
dem-2904	188	21	turning	turn	VERB
dem-2904	188	22	points	point	NOUN
dem-2904	188	23	of	of	ADP
dem-2904	188	24	business	business	NOUN
dem-2904	188	25	cycle	cycle	NOUN
dem-2904	188	26	in	in	ADP
dem-2904	188	27	the	the	DET
dem-2904	188	28	recessionary	recessionary	ADJ
dem-2904	188	29	periods	period	NOUN
dem-2904	188	30	does	do	AUX
dem-2904	188	31	not	not	PART
dem-2904	188	32	occur	occur	VERB
dem-2904	188	33	close	close	ADV
dem-2904	188	34	to	to	ADP
dem-2904	188	35	turning	turn	VERB
dem-2904	188	36	points	point	NOUN
dem-2904	188	37	of	of	ADP
dem-2904	188	38	crude	crude	ADJ
dem-2904	188	39	oil	oil	NOUN
dem-2904	188	40	price	price	NOUN
dem-2904	188	41	cycle	cycle	NOUN
dem-2904	188	42	.	.	PUNCT
dem-2904	189	1	the	the	DET
dem-2904	189	2	highest	high	ADJ
dem-2904	189	3	correlation	correlation	NOUN
dem-2904	189	4	of	of	ADP
dem-2904	189	5	business	business	NOUN
dem-2904	189	6	cycle	cycle	NOUN
dem-2904	189	7	and	and	CCONJ
dem-2904	189	8	oil	oil	NOUN
dem-2904	189	9	price	price	NOUN
dem-2904	189	10	cycle	cycle	NOUN
dem-2904	189	11	is	be	AUX
dem-2904	189	12	observed	observe	VERB
dem-2904	189	13	in	in	ADP
dem-2904	189	14	the	the	DET
dem-2904	189	15	case	case	NOUN
dem-2904	189	16	of	of	ADP
dem-2904	189	17	poland	poland	PROPN
dem-2904	189	18	(	(	PUNCT
dem-2904	189	19	32	32	NUM
dem-2904	189	20	%	%	NOUN
dem-2904	189	21	)	)	PUNCT
dem-2904	189	22	,	,	PUNCT
dem-2904	189	23	and	and	CCONJ
dem-2904	189	24	the	the	DET
dem-2904	189	25	lowest	low	ADJ
dem-2904	189	26	−	−	NOUN
dem-2904	189	27	in	in	ADP
dem-2904	189	28	the	the	DET
dem-2904	189	29	case	case	NOUN
dem-2904	189	30	of	of	ADP
dem-2904	189	31	slovenia	slovenia	PROPN
dem-2904	189	32	(	(	PUNCT
dem-2904	189	33	10	10	NUM
dem-2904	189	34	%	%	NOUN
dem-2904	189	35	)	)	PUNCT
dem-2904	189	36	.	.	PUNCT
dem-2904	190	1	10	10	NUM
dem-2904	190	2	harding	harding	PROPN
dem-2904	190	3	,	,	PUNCT
dem-2904	190	4	pagan	pagan	PROPN
dem-2904	190	5	(	(	PUNCT
dem-2904	190	6	2006	2006	NUM
dem-2904	190	7	)	)	PUNCT
dem-2904	190	8	and	and	CCONJ
dem-2904	190	9	konopczak	konopczak	NOUN
dem-2904	190	10	(	(	PUNCT
dem-2904	190	11	2009	2009	NUM
dem-2904	190	12	)	)	PUNCT
dem-2904	190	13	indicate	indicate	VERB
dem-2904	190	14	that	that	SCONJ
dem-2904	190	15	the	the	DET
dem-2904	190	16	correlation	correlation	NOUN
dem-2904	190	17	coefficient	coefficient	NOUN
dem-2904	190	18	and	and	CCONJ
dem-2904	190	19	concordance	concordance	NOUN
dem-2904	190	20	index	index	NOUN
dem-2904	190	21	are	be	AUX
dem-2904	190	22	the	the	DET
dem-2904	190	23	most	most	ADV
dem-2904	190	24	frequently	frequently	ADV
dem-2904	190	25	used	use	VERB
dem-2904	190	26	measures	measure	NOUN
dem-2904	190	27	of	of	ADP
dem-2904	190	28	the	the	DET
dem-2904	190	29	synchronization	synchronization	NOUN
dem-2904	190	30	of	of	ADP
dem-2904	190	31	cycles	cycle	NOUN
dem-2904	190	32	identified	identify	VERB
dem-2904	190	33	by	by	ADP
dem-2904	190	34	the	the	DET
dem-2904	190	35	markov	markov	NOUN
dem-2904	190	36	-	-	PUNCT
dem-2904	190	37	switching	switch	VERB
dem-2904	190	38	model	model	NOUN
dem-2904	190	39	.	.	PUNCT
dem-2904	191	1	synchronization	synchronization	NOUN
dem-2904	191	2	of	of	ADP
dem-2904	191	3	crude	crude	ADJ
dem-2904	191	4	oil	oil	NOUN
dem-2904	191	5	price	price	NOUN
dem-2904	191	6	cycle	cycle	NOUN
dem-2904	191	7	and	and	CCONJ
dem-2904	191	8	business	business	NOUN
dem-2904	191	9	cycle	cycle	NOUN
dem-2904	191	10	...	...	PUNCT
dem-2904	191	11	dynamic	dynamic	ADJ
dem-2904	191	12	econometric	econometric	ADJ
dem-2904	191	13	models	model	NOUN
dem-2904	191	14	vol	vol	NOUN
dem-2904	191	15	.	.	PROPN
dem-2904	191	16	13	13	NUM
dem-2904	191	17	(	(	PUNCT
dem-2904	191	18	2013	2013	NUM
dem-2904	191	19	)	)	PUNCT
dem-2904	192	1	175–194	175–194	NUM
dem-2904	192	2	191	191	NUM
dem-2904	192	3	figure	figure	NOUN
dem-2904	192	4	4	4	NUM
dem-2904	192	5	.	.	PUNCT
dem-2904	192	6	correlation	correlation	NOUN
dem-2904	192	7	coefficients	coefficient	NOUN
dem-2904	192	8	for	for	ADP
dem-2904	192	9	probabilities	probability	NOUN
dem-2904	192	10	of	of	ADP
dem-2904	192	11	being	be	AUX
dem-2904	192	12	in	in	ADP
dem-2904	192	13	regime	regime	NOUN
dem-2904	192	14	1	1	NUM
dem-2904	192	15	for	for	ADP
dem-2904	192	16	business	business	NOUN
dem-2904	192	17	cycle	cycle	NOUN
dem-2904	192	18	in	in	ADP
dem-2904	192	19	given	give	VERB
dem-2904	192	20	countries	country	NOUN
dem-2904	192	21	and	and	CCONJ
dem-2904	192	22	crude	crude	ADJ
dem-2904	192	23	oil	oil	NOUN
dem-2904	192	24	price	price	NOUN
dem-2904	192	25	market	market	NOUN
dem-2904	192	26	in	in	ADP
dem-2904	192	27	1995–2013	1995–2013	NUM
dem-2904	192	28	period	period	NOUN
dem-2904	192	29	table	table	NOUN
dem-2904	192	30	9	9	NUM
dem-2904	192	31	.	.	NOUN
dem-2904	192	32	concordance	concordance	NOUN
dem-2904	192	33	index	index	NOUN
dem-2904	192	34	for	for	ADP
dem-2904	192	35	oil	oil	NOUN
dem-2904	192	36	price	price	NOUN
dem-2904	192	37	cycle	cycle	NOUN
dem-2904	192	38	and	and	CCONJ
dem-2904	192	39	business	business	NOUN
dem-2904	192	40	cycle	cycle	NOUN
dem-2904	192	41	for	for	ADP
dem-2904	192	42	given	give	VERB
dem-2904	192	43	economies	economy	NOUN
dem-2904	192	44	crude	crude	ADJ
dem-2904	192	45	oil	oil	NOUN
dem-2904	192	46	price	price	NOUN
dem-2904	192	47	cycle	cycle	NOUN
dem-2904	192	48	vs.	vs.	ADP
dem-2904	192	49	business	business	NOUN
dem-2904	192	50	cycle	cycle	NOUN
dem-2904	192	51	czech	czech	PROPN
dem-2904	192	52	republic	republic	PROPN
dem-2904	192	53	poland	poland	PROPN
dem-2904	192	54	hungary	hungary	PROPN
dem-2904	192	55	slovenia	slovenia	PROPN
dem-2904	192	56	concordance	concordance	PROPN
dem-2904	192	57	index	index	NOUN
dem-2904	192	58	0.7143	0.7143	NOUN
dem-2904	192	59	0.6866	0.6866	NUM
dem-2904	192	60	0.7051	0.7051	NUM
dem-2904	192	61	0.7235	0.7235	NUM
dem-2904	192	62	to	to	PART
dem-2904	192	63	evaluate	evaluate	VERB
dem-2904	192	64	synchronization	synchronization	NOUN
dem-2904	192	65	of	of	ADP
dem-2904	192	66	business	business	NOUN
dem-2904	192	67	cycle	cycle	NOUN
dem-2904	192	68	for	for	ADP
dem-2904	192	69	different	different	ADJ
dem-2904	192	70	economies	economy	NOUN
dem-2904	192	71	and	and	CCONJ
dem-2904	192	72	oil	oil	NOUN
dem-2904	192	73	price	price	NOUN
dem-2904	192	74	cycle	cycle	NOUN
dem-2904	192	75	the	the	DET
dem-2904	192	76	concordance	concordance	NOUN
dem-2904	192	77	index	index	NOUN
dem-2904	192	78	was	be	AUX
dem-2904	192	79	applied	apply	VERB
dem-2904	192	80	.	.	PUNCT
dem-2904	193	1	this	this	DET
dem-2904	193	2	index	index	NOUN
dem-2904	193	3	(	(	PUNCT
dem-2904	193	4	for	for	ADP
dem-2904	193	5	two	two	NUM
dem-2904	193	6	series	series	NOUN
dem-2904	193	7	,	,	PUNCT
dem-2904	193	8	tx	tx	VERB
dem-2904	193	9	ty	ty	INTJ
dem-2904	193	10	and	and	CCONJ
dem-2904	193	11	a	a	DET
dem-2904	193	12	sample	sample	NOUN
dem-2904	193	13	size	size	NOUN
dem-2904	193	14	of	of	ADP
dem-2904	193	15	t	t	PROPN
dem-2904	193	16	)	)	PUNCT
dem-2904	193	17	takes	take	VERB
dem-2904	193	18	the	the	DET
dem-2904	193	19	form	form	NOUN
dem-2904	193	20	(	(	PUNCT
dem-2904	193	21	harding	harding	PROPN
dem-2904	193	22	,	,	PUNCT
dem-2904	193	23	pagan	pagan	ADJ
dem-2904	193	24	,	,	PUNCT
dem-2904	193	25	2006	2006	NUM
dem-2904	193	26	):	):	PUNCT
dem-2904	193	27	1	1	NUM
dem-2904	193	28	1	1	NUM
dem-2904	193	29	1	1	NUM
dem-2904	193	30	(	(	PUNCT
dem-2904	193	31	1	1	NUM
dem-2904	193	32	)	)	PUNCT
dem-2904	193	33	(	(	PUNCT
dem-2904	193	34	1	1	NUM
dem-2904	193	35	)	)	PUNCT
dem-2904	193	36	,	,	PUNCT
dem-2904	193	37	t	t	PROPN
dem-2904	193	38	t	t	X
dem-2904	193	39	xt	xt	PROPN
dem-2904	193	40	yt	yt	VERB
dem-2904	193	41	xt	xt	PROPN
dem-2904	194	1	yt	yt	PROPN
dem-2904	194	2	t	t	PROPN
dem-2904	194	3	t	t	PROPN
dem-2904	195	1	i	i	PRON
dem-2904	195	2	s	s	VERB
dem-2904	195	3	s	s	NOUN
dem-2904	195	4	s	s	X
dem-2904	195	5	s	s	NOUN
dem-2904	195	6	t	t	NOUN
dem-2904	195	7	=	=	SYM
dem-2904	196	1	=	=	NOUN
dem-2904	196	2	⎡	⎡	NOUN
dem-2904	196	3	⎤	⎤	X
dem-2904	196	4	=	=	PUNCT
dem-2904	197	1	+	+	CCONJ
dem-2904	197	2	−	−	PROPN
dem-2904	197	3	−⎢	−⎢	NUM
dem-2904	197	4	⎥	⎥	PROPN
dem-2904	197	5	⎣	⎣	PROPN
dem-2904	197	6	⎦	⎦	NOUN
dem-2904	197	7	∑	∑	PUNCT
dem-2904	197	8	∑	∑	PUNCT
dem-2904	197	9	(	(	PUNCT
dem-2904	197	10	5	5	NUM
dem-2904	197	11	)	)	PUNCT
dem-2904	197	12	where	where	SCONJ
dem-2904	197	13	xts	xts	PROPN
dem-2904	197	14	and	and	CCONJ
dem-2904	197	15	yts	yts	PROPN
dem-2904	197	16	denote	denote	VERB
dem-2904	197	17	binary	binary	ADJ
dem-2904	197	18	variables	variable	NOUN
dem-2904	197	19	that	that	PRON
dem-2904	197	20	takes	take	VERB
dem-2904	197	21	the	the	DET
dem-2904	197	22	value	value	NOUN
dem-2904	197	23	unity	unity	NOUN
dem-2904	197	24	in	in	ADP
dem-2904	197	25	case	case	NOUN
dem-2904	197	26	of	of	ADP
dem-2904	197	27	recession	recession	NOUN
dem-2904	197	28	regime	regime	NOUN
dem-2904	197	29	and	and	CCONJ
dem-2904	197	30	zero	zero	NUM
dem-2904	197	31	−	−	NOUN
dem-2904	197	32	in	in	ADP
dem-2904	197	33	case	case	NOUN
dem-2904	197	34	of	of	ADP
dem-2904	197	35	expansion	expansion	NOUN
dem-2904	197	36	regime	regime	NOUN
dem-2904	197	37	at	at	ADP
dem-2904	197	38	time	time	NOUN
dem-2904	197	39	.t	.t	PROPN
dem-2904	197	40	values	value	NOUN
dem-2904	197	41	of	of	ADP
dem-2904	197	42	concordance	concordance	NOUN
dem-2904	197	43	index	index	NOUN
dem-2904	197	44	measuring	measure	VERB
dem-2904	197	45	the	the	DET
dem-2904	197	46	synchronization	synchronization	NOUN
dem-2904	197	47	of	of	ADP
dem-2904	197	48	cycles	cycle	NOUN
dem-2904	197	49	(	(	PUNCT
dem-2904	197	50	in	in	ADP
dem-2904	197	51	terms	term	NOUN
dem-2904	197	52	of	of	ADP
dem-2904	197	53	being	be	AUX
dem-2904	197	54	in	in	ADP
dem-2904	197	55	the	the	DET
dem-2904	197	56	same	same	ADJ
dem-2904	197	57	state	state	NOUN
dem-2904	197	58	)	)	PUNCT
dem-2904	197	59	indicate	indicate	VERB
dem-2904	197	60	a	a	DET
dem-2904	197	61	high	high	ADJ
dem-2904	197	62	degree	degree	NOUN
dem-2904	197	63	of	of	ADP
dem-2904	197	64	concordance	concordance	NOUN
dem-2904	197	65	of	of	ADP
dem-2904	197	66	the	the	DET
dem-2904	197	67	business	business	NOUN
dem-2904	197	68	cycles	cycle	NOUN
dem-2904	197	69	and	and	CCONJ
dem-2904	197	70	oil	oil	NOUN
dem-2904	197	71	price	price	NOUN
dem-2904	197	72	cycle	cycle	NOUN
dem-2904	197	73	(	(	PUNCT
dem-2904	197	74	table	table	NOUN
dem-2904	197	75	9	9	NUM
dem-2904	197	76	)	)	PUNCT
dem-2904	197	77	.	.	PUNCT
dem-2904	198	1	however	however	ADV
dem-2904	198	2	,	,	PUNCT
dem-2904	198	3	having	have	VERB
dem-2904	198	4	in	in	ADP
dem-2904	198	5	mind	mind	NOUN
dem-2904	198	6	earlier	early	ADJ
dem-2904	198	7	remarks	remark	NOUN
dem-2904	198	8	on	on	ADP
dem-2904	198	9	the	the	DET
dem-2904	198	10	quality	quality	NOUN
dem-2904	198	11	of	of	ADP
dem-2904	198	12	regime	regime	NOUN
dem-2904	198	13	classification	classification	NOUN
dem-2904	198	14	,	,	PUNCT
dem-2904	198	15	the	the	DET
dem-2904	198	16	above	above	ADJ
dem-2904	198	17	conclusion	conclusion	NOUN
dem-2904	198	18	refers	refer	VERB
dem-2904	198	19	only	only	ADV
dem-2904	198	20	to	to	ADP
dem-2904	198	21	the	the	DET
dem-2904	198	22	case	case	NOUN
dem-2904	198	23	of	of	ADP
dem-2904	198	24	poland	poland	PROPN
dem-2904	198	25	.	.	PUNCT
dem-2904	199	1	this	this	PRON
dem-2904	199	2	means	mean	VERB
dem-2904	199	3	that	that	SCONJ
dem-2904	199	4	business	business	NOUN
dem-2904	199	5	cycle	cycle	NOUN
dem-2904	199	6	in	in	ADP
dem-2904	199	7	poland	poland	PROPN
dem-2904	199	8	in	in	ADP
dem-2904	199	9	1995−2013	1995−2013	NUM
dem-2904	199	10	period	period	NOUN
dem-2904	199	11	has	have	VERB
dem-2904	199	12	the	the	DET
dem-2904	199	13	same	same	ADJ
dem-2904	199	14	state	state	NOUN
dem-2904	199	15	(	(	PUNCT
dem-2904	199	16	recession	recession	NOUN
dem-2904	199	17	or	or	CCONJ
dem-2904	199	18	expansion	expansion	NOUN
dem-2904	199	19	)	)	PUNCT
dem-2904	199	20	as	as	SCONJ
dem-2904	199	21	the	the	DET
dem-2904	199	22	brent	brent	PROPN
dem-2904	199	23	oil	oil	NOUN
dem-2904	199	24	price	price	NOUN
dem-2904	199	25	cycle	cycle	NOUN
dem-2904	199	26	(	(	PUNCT
dem-2904	199	27	drops	drop	VERB
dem-2904	199	28	or	or	CCONJ
dem-2904	199	29	rises	rise	VERB
dem-2904	199	30	in	in	ADP
dem-2904	199	31	oil	oil	NOUN
dem-2904	199	32	prices	price	NOUN
dem-2904	199	33	)	)	PUNCT
dem-2904	199	34	.	.	PUNCT
dem-2904	200	1	even	even	ADV
dem-2904	200	2	in	in	ADP
dem-2904	200	3	that	that	DET
dem-2904	200	4	case	case	NOUN
dem-2904	200	5	the	the	DET
dem-2904	200	6	caution	caution	NOUN
dem-2904	200	7	  	  	SPACE
dem-2904	200	8	0,2928	0,2928	NUM
dem-2904	200	9	0,3174	0,3174	ADJ
dem-2904	200	10	0,2784	0,2784	NOUN
dem-2904	200	11	0,1012	0,1012	NOUN
dem-2904	200	12	0	0	NUM
dem-2904	200	13	0,05	0,05	NUM
dem-2904	200	14	0,1	0,1	NUM
dem-2904	200	15	0,15	0,15	NUM
dem-2904	200	16	0,2	0,2	NUM
dem-2904	200	17	0,25	0,25	NUM
dem-2904	200	18	0,3	0,3	NUM
dem-2904	200	19	0,35	0,35	X
dem-2904	201	1	czech	czech	PROPN
dem-2904	201	2	 	 	SPACE
dem-2904	201	3	republic	republic	PROPN
dem-2904	201	4	poland	poland	PROPN
dem-2904	201	5	hungary	hungary	PROPN
dem-2904	201	6	slovenia	slovenia	PROPN
dem-2904	201	7	andrzej	andrzej	PROPN
dem-2904	201	8	geise	geise	PROPN
dem-2904	201	9	,	,	PUNCT
dem-2904	201	10	mariola	mariola	PROPN
dem-2904	201	11	piłatowska	piłatowska	PROPN
dem-2904	201	12	dynamic	dynamic	ADJ
dem-2904	201	13	econometric	econometric	ADJ
dem-2904	201	14	models	model	NOUN
dem-2904	201	15	vol.13	vol.13	X
dem-2904	201	16	(	(	PUNCT
dem-2904	201	17	2013	2013	NUM
dem-2904	201	18	)	)	PUNCT
dem-2904	202	1	175–194	175–194	NUM
dem-2904	202	2	192	192	NUM
dem-2904	202	3	should	should	AUX
dem-2904	202	4	be	be	AUX
dem-2904	202	5	taking	take	VERB
dem-2904	202	6	when	when	SCONJ
dem-2904	202	7	interpreting	interpret	VERB
dem-2904	202	8	the	the	DET
dem-2904	202	9	results	result	NOUN
dem-2904	202	10	because	because	SCONJ
dem-2904	202	11	a	a	DET
dem-2904	202	12	low	low	ADJ
dem-2904	202	13	value	value	NOUN
dem-2904	202	14	of	of	ADP
dem-2904	202	15	correlation	correlation	NOUN
dem-2904	202	16	coefficients	coefficient	NOUN
dem-2904	202	17	corresponds	correspond	VERB
dem-2904	202	18	to	to	ADP
dem-2904	202	19	a	a	DET
dem-2904	202	20	high	high	ADJ
dem-2904	202	21	degree	degree	NOUN
dem-2904	202	22	of	of	ADP
dem-2904	202	23	concordance	concordance	NOUN
dem-2904	202	24	of	of	ADP
dem-2904	202	25	business	business	NOUN
dem-2904	202	26	cycles	cycle	NOUN
dem-2904	202	27	and	and	CCONJ
dem-2904	202	28	oil	oil	NOUN
dem-2904	202	29	price	price	NOUN
dem-2904	202	30	cycle	cycle	NOUN
dem-2904	202	31	.	.	PUNCT
dem-2904	203	1	this	this	PRON
dem-2904	203	2	may	may	AUX
dem-2904	203	3	suggest	suggest	VERB
dem-2904	203	4	the	the	DET
dem-2904	203	5	overestimated	overestimated	ADJ
dem-2904	203	6	degree	degree	NOUN
dem-2904	203	7	of	of	ADP
dem-2904	203	8	concordance	concordance	NOUN
dem-2904	203	9	.	.	PUNCT
dem-2904	204	1	conclusions	conclusion	NOUN
dem-2904	204	2	in	in	ADP
dem-2904	204	3	this	this	DET
dem-2904	204	4	paper	paper	NOUN
dem-2904	204	5	we	we	PRON
dem-2904	204	6	used	use	VERB
dem-2904	204	7	the	the	DET
dem-2904	204	8	approach	approach	NOUN
dem-2904	204	9	innovated	innovate	VERB
dem-2904	204	10	by	by	ADP
dem-2904	204	11	hamilton	hamilton	PROPN
dem-2904	204	12	in	in	ADP
dem-2904	204	13	his	his	PRON
dem-2904	204	14	analysis	analysis	NOUN
dem-2904	204	15	of	of	ADP
dem-2904	204	16	the	the	DET
dem-2904	204	17	us	us	PROPN
dem-2904	204	18	business	business	NOUN
dem-2904	204	19	cycle	cycle	NOUN
dem-2904	204	20	to	to	PART
dem-2904	204	21	identify	identify	VERB
dem-2904	204	22	the	the	DET
dem-2904	204	23	brent	brent	PROPN
dem-2904	204	24	crude	crude	PROPN
dem-2904	204	25	oil	oil	NOUN
dem-2904	204	26	price	price	NOUN
dem-2904	204	27	cycle	cycle	NOUN
dem-2904	204	28	and	and	CCONJ
dem-2904	204	29	business	business	NOUN
dem-2904	204	30	cycles	cycle	NOUN
dem-2904	204	31	in	in	ADP
dem-2904	204	32	a	a	DET
dem-2904	204	33	set	set	NOUN
dem-2904	204	34	of	of	ADP
dem-2904	204	35	cee	cee	NOUN
dem-2904	204	36	economies	economy	NOUN
dem-2904	204	37	in	in	ADP
dem-2904	204	38	1995−2013	1995−2013	NUM
dem-2904	204	39	period	period	NOUN
dem-2904	204	40	.	.	PUNCT
dem-2904	205	1	the	the	DET
dem-2904	205	2	obtained	obtain	VERB
dem-2904	205	3	results	result	NOUN
dem-2904	205	4	support	support	VERB
dem-2904	205	5	to	to	ADP
dem-2904	205	6	a	a	DET
dem-2904	205	7	varying	vary	VERB
dem-2904	205	8	degree	degree	NOUN
dem-2904	205	9	our	our	PRON
dem-2904	205	10	modelling	modelling	NOUN
dem-2904	205	11	approach	approach	NOUN
dem-2904	205	12	based	base	VERB
dem-2904	205	13	upon	upon	SCONJ
dem-2904	205	14	markov	markov	NOUN
dem-2904	205	15	-	-	PUNCT
dem-2904	205	16	switching	switching	NOUN
dem-2904	205	17	.	.	PUNCT
dem-2904	206	1	the	the	DET
dem-2904	206	2	msih(2)-ar(2	msih(2)-ar(2	NOUN
dem-2904	206	3	)	)	PUNCT
dem-2904	206	4	model	model	NOUN
dem-2904	206	5	produced	produce	VERB
dem-2904	206	6	the	the	DET
dem-2904	206	7	sharpest	sharp	ADJ
dem-2904	206	8	classification	classification	NOUN
dem-2904	206	9	of	of	ADP
dem-2904	206	10	regimes	regime	NOUN
dem-2904	206	11	(	(	PUNCT
dem-2904	206	12	drops	drop	NOUN
dem-2904	206	13	or	or	CCONJ
dem-2904	206	14	rises	rise	VERB
dem-2904	206	15	in	in	ADP
dem-2904	206	16	oil	oil	NOUN
dem-2904	206	17	prices	price	NOUN
dem-2904	206	18	)	)	PUNCT
dem-2904	206	19	was	be	AUX
dem-2904	206	20	obtained	obtain	VERB
dem-2904	206	21	in	in	ADP
dem-2904	206	22	the	the	DET
dem-2904	206	23	case	case	NOUN
dem-2904	206	24	of	of	ADP
dem-2904	206	25	crude	crude	ADJ
dem-2904	206	26	oil	oil	NOUN
dem-2904	206	27	price	price	NOUN
dem-2904	206	28	cycle	cycle	NOUN
dem-2904	206	29	.	.	PUNCT
dem-2904	207	1	while	while	SCONJ
dem-2904	207	2	the	the	DET
dem-2904	207	3	msia(2)-ar(2	msia(2)-ar(2	NOUN
dem-2904	207	4	)	)	PUNCT
dem-2904	207	5	model	model	NOUN
dem-2904	207	6	produced	produce	VERB
dem-2904	207	7	the	the	DET
dem-2904	207	8	sharpest	sharp	ADJ
dem-2904	207	9	classification	classification	NOUN
dem-2904	207	10	of	of	ADP
dem-2904	207	11	regimes	regime	NOUN
dem-2904	207	12	(	(	PUNCT
dem-2904	207	13	recession	recession	NOUN
dem-2904	207	14	on	on	ADP
dem-2904	207	15	expansion	expansion	NOUN
dem-2904	207	16	)	)	PUNCT
dem-2904	207	17	for	for	ADP
dem-2904	207	18	poland	poland	PROPN
dem-2904	207	19	.	.	PUNCT
dem-2904	208	1	in	in	ADP
dem-2904	208	2	the	the	DET
dem-2904	208	3	case	case	NOUN
dem-2904	208	4	of	of	ADP
dem-2904	208	5	czech	czech	PROPN
dem-2904	208	6	republic	republic	PROPN
dem-2904	208	7	and	and	CCONJ
dem-2904	208	8	hungary	hungary	PROPN
dem-2904	208	9	the	the	DET
dem-2904	208	10	ms	ms	PROPN
dem-2904	208	11	-	-	PUNCT
dem-2904	208	12	ar	ar	NOUN
dem-2904	208	13	models	model	NOUN
dem-2904	208	14	were	be	AUX
dem-2904	208	15	not	not	PART
dem-2904	208	16	able	able	ADJ
dem-2904	208	17	to	to	PART
dem-2904	208	18	distinguish	distinguish	VERB
dem-2904	208	19	between	between	ADP
dem-2904	208	20	two	two	NUM
dem-2904	208	21	regimes	regime	NOUN
dem-2904	208	22	(	(	PUNCT
dem-2904	208	23	switches	switch	NOUN
dem-2904	208	24	between	between	ADP
dem-2904	208	25	regimes	regime	NOUN
dem-2904	208	26	occurred	occur	VERB
dem-2904	208	27	very	very	ADV
dem-2904	208	28	often	often	ADV
dem-2904	208	29	)	)	PUNCT
dem-2904	208	30	and	and	CCONJ
dem-2904	208	31	as	as	ADP
dem-2904	208	32	a	a	DET
dem-2904	208	33	result	result	NOUN
dem-2904	208	34	the	the	DET
dem-2904	208	35	existence	existence	NOUN
dem-2904	208	36	of	of	ADP
dem-2904	208	37	two	two	NUM
dem-2904	208	38	regimes	regime	NOUN
dem-2904	208	39	is	be	AUX
dem-2904	208	40	doubtful	doubtful	ADJ
dem-2904	208	41	.	.	PUNCT
dem-2904	209	1	the	the	DET
dem-2904	209	2	ms	ms	PROPN
dem-2904	209	3	-	-	PUNCT
dem-2904	209	4	ar	ar	NOUN
dem-2904	209	5	models	model	NOUN
dem-2904	209	6	obtained	obtain	VERB
dem-2904	209	7	for	for	ADP
dem-2904	209	8	slovenia	slovenia	PROPN
dem-2904	209	9	indicated	indicate	VERB
dem-2904	209	10	either	either	CCONJ
dem-2904	209	11	a	a	DET
dem-2904	209	12	poor	poor	ADJ
dem-2904	209	13	model	model	NOUN
dem-2904	209	14	specification	specification	NOUN
dem-2904	209	15	or	or	CCONJ
dem-2904	209	16	difficulties	difficulty	NOUN
dem-2904	209	17	in	in	ADP
dem-2904	209	18	distinguishing	distinguish	VERB
dem-2904	209	19	between	between	ADP
dem-2904	209	20	two	two	NUM
dem-2904	209	21	regimes	regime	NOUN
dem-2904	209	22	.	.	PUNCT
dem-2904	210	1	therefore	therefore	ADV
dem-2904	210	2	the	the	DET
dem-2904	210	3	results	result	NOUN
dem-2904	210	4	for	for	ADP
dem-2904	210	5	slovenia	slovenia	NOUN
dem-2904	210	6	should	should	AUX
dem-2904	210	7	be	be	AUX
dem-2904	210	8	taken	take	VERB
dem-2904	210	9	with	with	ADP
dem-2904	210	10	caution	caution	NOUN
dem-2904	210	11	.	.	PUNCT
dem-2904	211	1	our	our	PRON
dem-2904	211	2	results	result	NOUN
dem-2904	211	3	indicated	indicate	VERB
dem-2904	211	4	that	that	SCONJ
dem-2904	211	5	the	the	DET
dem-2904	211	6	ms	ms	PROPN
dem-2904	211	7	-	-	PUNCT
dem-2904	211	8	ar	ar	NOUN
dem-2904	211	9	models	model	NOUN
dem-2904	211	10	captured	capture	VERB
dem-2904	211	11	the	the	DET
dem-2904	211	12	different	different	ADJ
dem-2904	211	13	regimes	regime	NOUN
dem-2904	211	14	of	of	ADP
dem-2904	211	15	brent	brent	PROPN
dem-2904	211	16	crude	crude	PROPN
dem-2904	211	17	oil	oil	NOUN
dem-2904	211	18	price	price	NOUN
dem-2904	211	19	cycle	cycle	NOUN
dem-2904	211	20	and	and	CCONJ
dem-2904	211	21	business	business	NOUN
dem-2904	211	22	cycle	cycle	NOUN
dem-2904	211	23	for	for	ADP
dem-2904	211	24	the	the	DET
dem-2904	211	25	case	case	NOUN
dem-2904	211	26	of	of	ADP
dem-2904	211	27	poland	poland	PROPN
dem-2904	211	28	in	in	ADP
dem-2904	211	29	a	a	DET
dem-2904	211	30	satisfactory	satisfactory	ADJ
dem-2904	211	31	way	way	NOUN
dem-2904	211	32	.	.	PUNCT
dem-2904	212	1	the	the	DET
dem-2904	212	2	correlation	correlation	NOUN
dem-2904	212	3	of	of	ADP
dem-2904	212	4	oil	oil	NOUN
dem-2904	212	5	price	price	NOUN
dem-2904	212	6	cycle	cycle	NOUN
dem-2904	212	7	and	and	CCONJ
dem-2904	212	8	business	business	NOUN
dem-2904	212	9	cycle	cycle	NOUN
dem-2904	212	10	in	in	ADP
dem-2904	212	11	poland	poland	PROPN
dem-2904	212	12	turned	turn	VERB
dem-2904	212	13	out	out	ADP
dem-2904	212	14	to	to	PART
dem-2904	212	15	be	be	AUX
dem-2904	212	16	rather	rather	ADV
dem-2904	212	17	weak	weak	ADJ
dem-2904	212	18	,	,	PUNCT
dem-2904	212	19	however	however	ADV
dem-2904	212	20	the	the	DET
dem-2904	212	21	synchronization	synchronization	NOUN
dem-2904	212	22	of	of	ADP
dem-2904	212	23	cycles	cycle	NOUN
dem-2904	212	24	occurred	occur	VERB
dem-2904	212	25	(	(	PUNCT
dem-2904	212	26	a	a	DET
dem-2904	212	27	high	high	ADJ
dem-2904	212	28	degree	degree	NOUN
dem-2904	212	29	of	of	ADP
dem-2904	212	30	concordance	concordance	NOUN
dem-2904	212	31	)	)	PUNCT
dem-2904	212	32	what	what	PRON
dem-2904	212	33	indicates	indicate	VERB
dem-2904	212	34	that	that	SCONJ
dem-2904	212	35	there	there	PRON
dem-2904	212	36	are	be	VERB
dem-2904	212	37	co	co	NOUN
dem-2904	212	38	-	-	NOUN
dem-2904	212	39	movements	movement	NOUN
dem-2904	212	40	in	in	ADP
dem-2904	212	41	crude	crude	ADJ
dem-2904	212	42	oil	oil	NOUN
dem-2904	212	43	cycle	cycle	NOUN
dem-2904	212	44	and	and	CCONJ
dem-2904	212	45	business	business	NOUN
dem-2904	212	46	cycles	cycle	NOUN
dem-2904	212	47	.	.	PUNCT
dem-2904	213	1	week	week	NOUN
dem-2904	213	2	correlation	correlation	NOUN
dem-2904	213	3	of	of	ADP
dem-2904	213	4	oil	oil	NOUN
dem-2904	213	5	price	price	NOUN
dem-2904	213	6	cycle	cycle	NOUN
dem-2904	213	7	and	and	CCONJ
dem-2904	213	8	business	business	NOUN
dem-2904	213	9	cycle	cycle	NOUN
dem-2904	213	10	may	may	AUX
dem-2904	213	11	come	come	VERB
dem-2904	213	12	from	from	ADP
dem-2904	213	13	the	the	DET
dem-2904	213	14	specificity	specificity	NOUN
dem-2904	213	15	of	of	ADP
dem-2904	213	16	poland	poland	PROPN
dem-2904	213	17	,	,	PUNCT
dem-2904	213	18	i.e.	i.e.	X
dem-2904	213	19	the	the	DET
dem-2904	213	20	size	size	NOUN
dem-2904	213	21	of	of	ADP
dem-2904	213	22	crude	crude	ADJ
dem-2904	213	23	oil	oil	NOUN
dem-2904	213	24	imported	import	VERB
dem-2904	213	25	by	by	ADP
dem-2904	213	26	these	these	DET
dem-2904	213	27	countries	country	NOUN
dem-2904	213	28	from	from	ADP
dem-2904	213	29	the	the	DET
dem-2904	213	30	north	north	PROPN
dem-2904	213	31	sea	sea	PROPN
dem-2904	213	32	region	region	NOUN
dem-2904	213	33	is	be	AUX
dem-2904	213	34	small	small	ADJ
dem-2904	213	35	(	(	PUNCT
dem-2904	213	36	in	in	ADP
dem-2904	213	37	poland	poland	PROPN
dem-2904	213	38	the	the	DET
dem-2904	213	39	import	import	NOUN
dem-2904	213	40	of	of	ADP
dem-2904	213	41	crude	crude	ADJ
dem-2904	213	42	oil	oil	NOUN
dem-2904	213	43	from	from	ADP
dem-2904	213	44	norway	norway	PROPN
dem-2904	213	45	amounts	amount	VERB
dem-2904	213	46	to	to	ADP
dem-2904	213	47	3.5	3.5	NUM
dem-2904	213	48	%	%	NOUN
dem-2904	213	49	of	of	ADP
dem-2904	213	50	total	total	ADJ
dem-2904	213	51	crude	crude	ADJ
dem-2904	213	52	oil	oil	NOUN
dem-2904	213	53	import	import	NOUN
dem-2904	213	54	;	;	PUNCT
dem-2904	213	55	popihn	popihn	NOUN
dem-2904	213	56	,	,	PUNCT
dem-2904	213	57	2013	2013	NUM
dem-2904	213	58	)	)	PUNCT
dem-2904	213	59	.	.	PUNCT
dem-2904	214	1	poland	poland	PROPN
dem-2904	214	2	but	but	CCONJ
dem-2904	214	3	also	also	ADV
dem-2904	214	4	the	the	DET
dem-2904	214	5	other	other	ADJ
dem-2904	214	6	cee	cee	PROPN
dem-2904	214	7	countries	country	NOUN
dem-2904	214	8	are	be	AUX
dem-2904	214	9	still	still	ADV
dem-2904	214	10	dependent	dependent	ADJ
dem-2904	214	11	on	on	ADP
dem-2904	214	12	the	the	DET
dem-2904	214	13	crude	crude	ADJ
dem-2904	214	14	oil	oil	NOUN
dem-2904	214	15	imported	import	VERB
dem-2904	214	16	from	from	ADP
dem-2904	214	17	russia	russia	PROPN
dem-2904	214	18	which	which	PRON
dem-2904	214	19	is	be	AUX
dem-2904	214	20	cheaper	cheap	ADJ
dem-2904	214	21	but	but	CCONJ
dem-2904	214	22	worse	bad	ADJ
dem-2904	214	23	in	in	ADP
dem-2904	214	24	quality	quality	NOUN
dem-2904	214	25	(	(	PUNCT
dem-2904	214	26	it	it	PRON
dem-2904	214	27	contains	contain	VERB
dem-2904	214	28	a	a	DET
dem-2904	214	29	high	high	ADJ
dem-2904	214	30	amount	amount	NOUN
dem-2904	214	31	of	of	ADP
dem-2904	214	32	the	the	DET
dem-2904	214	33	impurity	impurity	NOUN
dem-2904	214	34	sulfur	sulfur	NOUN
dem-2904	214	35	and	and	CCONJ
dem-2904	214	36	has	have	VERB
dem-2904	214	37	high	high	ADJ
dem-2904	214	38	density	density	NOUN
dem-2904	214	39	)	)	PUNCT
dem-2904	214	40	.	.	PUNCT
dem-2904	215	1	references	reference	NOUN
dem-2904	215	2	abel	abel	PROPN
dem-2904	215	3	,	,	PUNCT
dem-2904	215	4	b.	b.	PROPN
dem-2904	215	5	a.	a.	PROPN
dem-2904	215	6	,	,	PUNCT
dem-2904	215	7	bernanke	bernanke	PROPN
dem-2904	215	8	,	,	PUNCT
dem-2904	215	9	b.	b.	PROPN
dem-2904	215	10	s.	s.	PROPN
dem-2904	215	11	(	(	PUNCT
dem-2904	215	12	2001	2001	NUM
dem-2904	215	13	)	)	PUNCT
dem-2904	215	14	,	,	PUNCT
dem-2904	215	15	macroeconomics	macroeconomic	NOUN
dem-2904	215	16	,	,	PUNCT
dem-2904	215	17	addison	addison	PROPN
dem-2904	215	18	wesley	wesley	PROPN
dem-2904	215	19	longman	longman	PROPN
dem-2904	215	20	inc	inc	PROPN
dem-2904	215	21	.	.	PROPN
dem-2904	215	22	ang	ang	PROPN
dem-2904	215	23	,	,	PUNCT
dem-2904	215	24	a.	a.	NOUN
dem-2904	215	25	,	,	PUNCT
dem-2904	215	26	bekaert	bekaert	NOUN
dem-2904	215	27	,	,	PUNCT
dem-2904	215	28	g.	g.	PROPN
dem-2904	215	29	(	(	PUNCT
dem-2904	215	30	2002	2002	NUM
dem-2904	215	31	)	)	PUNCT
dem-2904	215	32	,	,	PUNCT
dem-2904	215	33	regime	regime	NOUN
dem-2904	215	34	switches	switch	NOUN
dem-2904	215	35	in	in	ADP
dem-2904	215	36	interest	interest	NOUN
dem-2904	215	37	rates	rate	NOUN
dem-2904	215	38	,	,	PUNCT
dem-2904	215	39	journal	journal	NOUN
dem-2904	215	40	of	of	ADP
dem-2904	215	41	business	business	PROPN
dem-2904	215	42	&	&	CCONJ
dem-2904	215	43	economic	economic	ADJ
dem-2904	215	44	statistics	statistic	NOUN
dem-2904	215	45	,	,	PUNCT
dem-2904	215	46	20(2	20(2	NUM
dem-2904	215	47	)	)	PUNCT
dem-2904	215	48	,	,	PUNCT
dem-2904	215	49	163–182	163–182	NUM
dem-2904	215	50	.	.	PUNCT
dem-2904	216	1	synchronization	synchronization	NOUN
dem-2904	216	2	of	of	ADP
dem-2904	216	3	crude	crude	ADJ
dem-2904	216	4	oil	oil	NOUN
dem-2904	216	5	price	price	NOUN
dem-2904	216	6	cycle	cycle	NOUN
dem-2904	216	7	and	and	CCONJ
dem-2904	216	8	business	business	NOUN
dem-2904	216	9	cycle	cycle	NOUN
dem-2904	216	10	...	...	PUNCT
dem-2904	216	11	dynamic	dynamic	ADJ
dem-2904	216	12	econometric	econometric	ADJ
dem-2904	216	13	models	model	NOUN
dem-2904	216	14	vol	vol	NOUN
dem-2904	216	15	.	.	PROPN
dem-2904	216	16	13	13	NUM
dem-2904	216	17	(	(	PUNCT
dem-2904	216	18	2013	2013	NUM
dem-2904	216	19	)	)	PUNCT
dem-2904	217	1	175–194	175–194	NUM
dem-2904	217	2	193	193	NUM
dem-2904	217	3	arouri	arouri	NOUN
dem-2904	217	4	,	,	PUNCT
dem-2904	217	5	m.	m.	NOUN
dem-2904	217	6	,	,	PUNCT
dem-2904	217	7	nguyen	nguyen	PROPN
dem-2904	217	8	,	,	PUNCT
dem-2904	217	9	d.	d.	PROPN
dem-2904	217	10	(	(	PUNCT
dem-2904	217	11	2010	2010	NUM
dem-2904	217	12	)	)	PUNCT
dem-2904	217	13	,	,	PUNCT
dem-2904	217	14	oil	oil	NOUN
dem-2904	217	15	prices	price	NOUN
dem-2904	217	16	,	,	PUNCT
dem-2904	217	17	stock	stock	NOUN
dem-2904	217	18	markets	market	NOUN
dem-2904	217	19	and	and	CCONJ
dem-2904	217	20	portfolio	portfolio	NOUN
dem-2904	217	21	investment	investment	NOUN
dem-2904	217	22	:	:	PUNCT
dem-2904	217	23	evidence	evidence	NOUN
dem-2904	217	24	from	from	ADP
dem-2904	217	25	sector	sector	NOUN
dem-2904	217	26	analysis	analysis	NOUN
dem-2904	217	27	in	in	ADP
dem-2904	217	28	europe	europe	PROPN
dem-2904	217	29	over	over	ADP
dem-2904	217	30	the	the	DET
dem-2904	217	31	last	last	ADJ
dem-2904	217	32	decade	decade	NOUN
dem-2904	217	33	,	,	PUNCT
dem-2904	217	34	energy	energy	NOUN
dem-2904	217	35	policy	policy	NOUN
dem-2904	217	36	,	,	PUNCT
dem-2904	217	37	38(8	38(8	NUM
dem-2904	217	38	)	)	PUNCT
dem-2904	217	39	,	,	PUNCT
dem-2904	217	40	4528–4539	4528–4539	NUM
dem-2904	217	41	.	.	PUNCT
dem-2904	218	1	artis	artis	PROPN
dem-2904	218	2	,	,	PUNCT
dem-2904	218	3	m.	m.	NOUN
dem-2904	218	4	,	,	PUNCT
dem-2904	218	5	krolzig	krolzig	PROPN
dem-2904	218	6	,	,	PUNCT
dem-2904	218	7	h.	h.	PROPN
dem-2904	218	8	m.	m.	PROPN
dem-2904	218	9	,	,	PUNCT
dem-2904	218	10	toro	toro	PROPN
dem-2904	218	11	,	,	PUNCT
dem-2904	218	12	j.	j.	PROPN
dem-2904	218	13	(	(	PUNCT
dem-2904	218	14	2004	2004	NUM
dem-2904	218	15	)	)	PUNCT
dem-2904	218	16	,	,	PUNCT
dem-2904	218	17	the	the	DET
dem-2904	218	18	european	european	PROPN
dem-2904	218	19	business	business	NOUN
dem-2904	218	20	cycle	cycle	NOUN
dem-2904	218	21	,	,	PUNCT
dem-2904	218	22	oxford	oxford	PROPN
dem-2904	218	23	economic	economic	ADJ
dem-2904	218	24	papers	paper	NOUN
dem-2904	218	25	,	,	PUNCT
dem-2904	218	26	56	56	NUM
dem-2904	218	27	,	,	PUNCT
dem-2904	218	28	1–44	1–44	NUM
dem-2904	218	29	,	,	PUNCT
dem-2904	218	30	doi	doi	NOUN
dem-2904	218	31	:	:	PUNCT
dem-2904	218	32	http://dx.doi.org/10.1093/oep/56.1.1	http://dx.doi.org/10.1093/oep/56.1.1	NOUN
dem-2904	218	33	.	.	PUNCT
dem-2904	219	1	backus	backus	PROPN
dem-2904	219	2	,	,	PUNCT
dem-2904	219	3	d.	d.	PROPN
dem-2904	219	4	,	,	PUNCT
dem-2904	219	5	crucini	crucini	NOUN
dem-2904	219	6	,	,	PUNCT
dem-2904	219	7	m.	m.	NOUN
dem-2904	219	8	(	(	PUNCT
dem-2904	219	9	2000	2000	NUM
dem-2904	219	10	)	)	PUNCT
dem-2904	219	11	,	,	PUNCT
dem-2904	219	12	oil	oil	NOUN
dem-2904	219	13	prices	price	NOUN
dem-2904	219	14	and	and	CCONJ
dem-2904	219	15	the	the	DET
dem-2904	219	16	terms	term	NOUN
dem-2904	219	17	of	of	ADP
dem-2904	219	18	trade	trade	NOUN
dem-2904	219	19	,	,	PUNCT
dem-2904	219	20	journal	journal	NOUN
dem-2904	219	21	of	of	ADP
dem-2904	219	22	international	international	ADJ
dem-2904	219	23	economics	economic	NOUN
dem-2904	219	24	,	,	PUNCT
dem-2904	219	25	50	50	NUM
dem-2904	219	26	,	,	PUNCT
dem-2904	219	27	185–213	185–213	NUM
dem-2904	219	28	,	,	PUNCT
dem-2904	219	29	doi	doi	NOUN
dem-2904	219	30	:	:	PUNCT
dem-2904	219	31	http://dx.doi.org/10.1016/s0022-1996(98)00064-6	http://dx.doi.org/10.1016/s0022-1996(98)00064-6	PROPN
dem-2904	219	32	.	.	PUNCT
dem-2904	220	1	bjornland	bjornland	PROPN
dem-2904	220	2	,	,	PUNCT
dem-2904	220	3	h.	h.	PROPN
dem-2904	220	4	(	(	PUNCT
dem-2904	220	5	2008	2008	NUM
dem-2904	220	6	)	)	PUNCT
dem-2904	220	7	,	,	PUNCT
dem-2904	220	8	oil	oil	NOUN
dem-2904	220	9	price	price	NOUN
dem-2904	220	10	shocks	shock	NOUN
dem-2904	220	11	and	and	CCONJ
dem-2904	220	12	stock	stock	NOUN
dem-2904	220	13	market	market	NOUN
dem-2904	220	14	booms	boom	NOUN
dem-2904	220	15	in	in	ADP
dem-2904	220	16	an	an	DET
dem-2904	220	17	oil	oil	NOUN
dem-2904	220	18	exporting	export	VERB
dem-2904	220	19	country	country	NOUN
dem-2904	220	20	,	,	PUNCT
dem-2904	220	21	norges	norge	VERB
dem-2904	220	22	bank	bank	NOUN
dem-2904	220	23	working	working	NOUN
dem-2904	220	24	paper	paper	NOUN
dem-2904	220	25	,	,	PUNCT
dem-2904	220	26	16	16	NUM
dem-2904	220	27	,	,	PUNCT
dem-2904	220	28	1–33	1–33	PROPN
dem-2904	220	29	.	.	PUNCT
dem-2904	221	1	doi	doi	NOUN
dem-2904	221	2	:	:	PUNCT
dem-2904	221	3	http://dx.doi.org/10.1111/j.1467-9485.2009.00482.x	http://dx.doi.org/10.1111/j.1467-9485.2009.00482.x	ADJ
dem-2904	221	4	.	.	NOUN
dem-2904	221	5	brown	brown	PROPN
dem-2904	221	6	,	,	PUNCT
dem-2904	221	7	s.	s.	PROPN
dem-2904	221	8	,	,	PUNCT
dem-2904	221	9	yucel	yucel	PROPN
dem-2904	221	10	,	,	PUNCT
dem-2904	221	11	m.	m.	NOUN
dem-2904	221	12	(	(	PUNCT
dem-2904	221	13	1999	1999	NUM
dem-2904	221	14	)	)	PUNCT
dem-2904	221	15	,	,	PUNCT
dem-2904	221	16	oil	oil	NOUN
dem-2904	221	17	prices	price	NOUN
dem-2904	221	18	and	and	CCONJ
dem-2904	221	19	u.s	u.s	PROPN
dem-2904	221	20	.	.	PROPN
dem-2904	221	21	aggregate	aggregate	ADJ
dem-2904	221	22	economic	economic	ADJ
dem-2904	221	23	activity	activity	NOUN
dem-2904	221	24	:	:	PUNCT
dem-2904	221	25	a	a	DET
dem-2904	221	26	question	question	NOUN
dem-2904	221	27	of	of	ADP
dem-2904	221	28	neutrality	neutrality	NOUN
dem-2904	221	29	,	,	PUNCT
dem-2904	221	30	economic	economic	ADJ
dem-2904	221	31	and	and	CCONJ
dem-2904	221	32	financial	financial	ADJ
dem-2904	221	33	review	review	NOUN
dem-2904	221	34	,	,	PUNCT
dem-2904	221	35	2	2	NUM
dem-2904	221	36	,	,	PUNCT
dem-2904	221	37	16–23	16–23	NUM
dem-2904	221	38	.	.	PUNCT
dem-2904	222	1	brown	brown	PROPN
dem-2904	222	2	,	,	PUNCT
dem-2904	222	3	s.	s.	PROPN
dem-2904	222	4	,	,	PUNCT
dem-2904	222	5	yucel	yucel	PROPN
dem-2904	222	6	,	,	PUNCT
dem-2904	222	7	m.	m.	NOUN
dem-2904	222	8	(	(	PUNCT
dem-2904	222	9	2002	2002	NUM
dem-2904	222	10	)	)	PUNCT
dem-2904	222	11	,	,	PUNCT
dem-2904	222	12	energy	energy	NOUN
dem-2904	222	13	prices	price	NOUN
dem-2904	222	14	and	and	CCONJ
dem-2904	222	15	aggregate	aggregate	VERB
dem-2904	222	16	economic	economic	ADJ
dem-2904	222	17	activity	activity	NOUN
dem-2904	222	18	:	:	PUNCT
dem-2904	222	19	an	an	DET
dem-2904	222	20	interpretative	interpretative	ADJ
dem-2904	222	21	survey	survey	NOUN
dem-2904	222	22	,	,	PUNCT
dem-2904	222	23	quarterly	quarterly	ADJ
dem-2904	222	24	review	review	NOUN
dem-2904	222	25	of	of	ADP
dem-2904	222	26	economics	economic	NOUN
dem-2904	222	27	and	and	CCONJ
dem-2904	222	28	finance	finance	NOUN
dem-2904	222	29	,	,	PUNCT
dem-2904	222	30	42	42	NUM
dem-2904	222	31	,	,	PUNCT
dem-2904	222	32	193–208	193–208	NUM
dem-2904	222	33	,	,	PUNCT
dem-2904	222	34	doi	doi	NOUN
dem-2904	222	35	:	:	PUNCT
dem-2904	222	36	http://dx.doi.org/10.1016/s1062-9769(02)00138-2	http://dx.doi.org/10.1016/s1062-9769(02)00138-2	PROPN
dem-2904	222	37	.	.	PUNCT
dem-2904	222	38	bruno	bruno	PROPN
dem-2904	222	39	,	,	PUNCT
dem-2904	222	40	m.	m.	NOUN
dem-2904	222	41	,	,	PUNCT
dem-2904	222	42	sachs	sachs	PROPN
dem-2904	222	43	,	,	PUNCT
dem-2904	222	44	j.	j.	PROPN
dem-2904	222	45	(	(	PUNCT
dem-2904	222	46	1982	1982	NUM
dem-2904	222	47	)	)	PUNCT
dem-2904	222	48	,	,	PUNCT
dem-2904	222	49	input	input	NOUN
dem-2904	222	50	price	price	NOUN
dem-2904	222	51	shocks	shock	NOUN
dem-2904	222	52	and	and	CCONJ
dem-2904	222	53	the	the	DET
dem-2904	222	54	slowdown	slowdown	NOUN
dem-2904	222	55	in	in	ADP
dem-2904	222	56	economic	economic	ADJ
dem-2904	222	57	growth	growth	NOUN
dem-2904	222	58	:	:	PUNCT
dem-2904	222	59	the	the	DET
dem-2904	222	60	case	case	NOUN
dem-2904	222	61	of	of	ADP
dem-2904	222	62	u.k	u.k	PROPN
dem-2904	222	63	.	.	PROPN
dem-2904	222	64	manufacturing	manufacturing	NOUN
dem-2904	222	65	,	,	PUNCT
dem-2904	222	66	the	the	DET
dem-2904	222	67	review	review	NOUN
dem-2904	222	68	of	of	ADP
dem-2904	222	69	economic	economic	ADJ
dem-2904	222	70	studies	study	NOUN
dem-2904	222	71	,	,	PUNCT
dem-2904	222	72	49(5	49(5	NUM
dem-2904	222	73	)	)	PUNCT
dem-2904	222	74	,	,	PUNCT
dem-2904	222	75	679−705	679−705	NOUN
dem-2904	222	76	,	,	PUNCT
dem-2904	222	77	doi	doi	NOUN
dem-2904	222	78	:	:	PUNCT
dem-2904	222	79	http://dx.doi.org/10.2307/2297185	http://dx.doi.org/10.2307/2297185	PROPN
dem-2904	222	80	.	.	PUNCT
dem-2904	223	1	chan	chan	PROPN
dem-2904	223	2	,	,	PUNCT
dem-2904	223	3	k.	k.	PROPN
dem-2904	223	4	f.	f.	PROPN
dem-2904	223	5	,	,	PUNCT
dem-2904	223	6	treepongkaruna	treepongkaruna	PROPN
dem-2904	223	7	,	,	PUNCT
dem-2904	223	8	s.	s.	PROPN
dem-2904	223	9	,	,	PUNCT
dem-2904	223	10	brooks	brooks	PROPN
dem-2904	223	11	,	,	PUNCT
dem-2904	223	12	r.	r.	PROPN
dem-2904	223	13	,	,	PUNCT
dem-2904	223	14	gray	gray	ADJ
dem-2904	223	15	,	,	PUNCT
dem-2904	223	16	s.	s.	PROPN
dem-2904	223	17	(	(	PUNCT
dem-2904	223	18	2011	2011	NUM
dem-2904	223	19	)	)	PUNCT
dem-2904	223	20	,	,	PUNCT
dem-2904	223	21	asset	asset	NOUN
dem-2904	223	22	market	market	NOUN
dem-2904	223	23	linkages	linkage	NOUN
dem-2904	223	24	:	:	PUNCT
dem-2904	223	25	evidence	evidence	NOUN
dem-2904	223	26	from	from	ADP
dem-2904	223	27	financial	financial	ADJ
dem-2904	223	28	commodity	commodity	NOUN
dem-2904	223	29	and	and	CCONJ
dem-2904	223	30	real	real	ADJ
dem-2904	223	31	estate	estate	NOUN
dem-2904	223	32	assets	asset	NOUN
dem-2904	223	33	,	,	PUNCT
dem-2904	223	34	journal	journal	NOUN
dem-2904	223	35	of	of	ADP
dem-2904	223	36	banking	banking	NOUN
dem-2904	223	37	and	and	CCONJ
dem-2904	223	38	finance	finance	NOUN
dem-2904	223	39	,	,	PUNCT
dem-2904	223	40	35(6	35(6	NUM
dem-2904	223	41	)	)	PUNCT
dem-2904	223	42	,	,	PUNCT
dem-2904	223	43	1415–1426	1415–1426	NUM
dem-2904	223	44	,	,	PUNCT
dem-2904	223	45	doi	doi	NOUN
dem-2904	223	46	:	:	PUNCT
dem-2904	223	47	http://dx.doi.org/10.1016/j.econmod.2011.10.006	http://dx.doi.org/10.1016/j.econmod.2011.10.006	PROPN
dem-2904	223	48	.	.	PUNCT
dem-2904	224	1	davis	davis	PROPN
dem-2904	224	2	,	,	PUNCT
dem-2904	224	3	j.	j.	PROPN
dem-2904	224	4	s.	s.	PROPN
dem-2904	224	5	,	,	PUNCT
dem-2904	224	6	haltiwanger	haltiwanger	PROPN
dem-2904	224	7	,	,	PUNCT
dem-2904	224	8	j.	j.	PROPN
dem-2904	224	9	(	(	PUNCT
dem-2904	224	10	2001	2001	NUM
dem-2904	224	11	)	)	PUNCT
dem-2904	224	12	,	,	PUNCT
dem-2904	224	13	sectoral	sectoral	ADJ
dem-2904	224	14	job	job	NOUN
dem-2904	224	15	creation	creation	NOUN
dem-2904	224	16	and	and	CCONJ
dem-2904	224	17	destruction	destruction	NOUN
dem-2904	224	18	responses	response	NOUN
dem-2904	224	19	to	to	ADP
dem-2904	224	20	oil	oil	NOUN
dem-2904	224	21	price	price	NOUN
dem-2904	224	22	changes	change	NOUN
dem-2904	224	23	,	,	PUNCT
dem-2904	224	24	journal	journal	NOUN
dem-2904	224	25	of	of	ADP
dem-2904	224	26	monetary	monetary	ADJ
dem-2904	224	27	economics	economic	NOUN
dem-2904	224	28	,	,	PUNCT
dem-2904	224	29	48	48	NUM
dem-2904	224	30	,	,	PUNCT
dem-2904	224	31	465–512	465–512	NUM
dem-2904	224	32	,	,	PUNCT
dem-2904	224	33	doi	doi	NOUN
dem-2904	224	34	:	:	PUNCT
dem-2904	224	35	http://dx.doi.org/10.1016/s0304-3932(01)00086-1	http://dx.doi.org/10.1016/s0304-3932(01)00086-1	PROPN
dem-2904	224	36	.	.	PUNCT
dem-2904	225	1	dixit	dixit	PROPN
dem-2904	225	2	,	,	PUNCT
dem-2904	225	3	a.	a.	PROPN
dem-2904	225	4	k.	k.	PROPN
dem-2904	225	5	,	,	PUNCT
dem-2904	225	6	pindyck	pindyck	PROPN
dem-2904	225	7	,	,	PUNCT
dem-2904	225	8	r.	r.	PROPN
dem-2904	225	9	s.	s.	PROPN
dem-2904	225	10	(	(	PUNCT
dem-2904	225	11	1994	1994	NUM
dem-2904	225	12	)	)	PUNCT
dem-2904	225	13	,	,	PUNCT
dem-2904	225	14	investment	investment	NOUN
dem-2904	225	15	under	under	ADP
dem-2904	225	16	uncertainty	uncertainty	NOUN
dem-2904	225	17	,	,	PUNCT
dem-2904	225	18	princeton	princeton	PROPN
dem-2904	225	19	university	university	PROPN
dem-2904	225	20	press	press	NOUN
dem-2904	225	21	,	,	PUNCT
dem-2904	225	22	new	new	PROPN
dem-2904	225	23	jersey	jersey	PROPN
dem-2904	225	24	.	.	PUNCT
dem-2904	226	1	fisher	fisher	PROPN
dem-2904	226	2	,	,	PUNCT
dem-2904	226	3	i.	i.	PROPN
dem-2904	226	4	(	(	PUNCT
dem-2904	226	5	1930	1930	NUM
dem-2904	226	6	)	)	PUNCT
dem-2904	226	7	,	,	PUNCT
dem-2904	226	8	the	the	DET
dem-2904	226	9	theory	theory	NOUN
dem-2904	226	10	of	of	ADP
dem-2904	226	11	interest	interest	NOUN
dem-2904	226	12	,	,	PUNCT
dem-2904	226	13	macmillan	macmillan	PROPN
dem-2904	226	14	,	,	PUNCT
dem-2904	226	15	new	new	PROPN
dem-2904	226	16	york	york	PROPN
dem-2904	226	17	.	.	PUNCT
dem-2904	227	1	galbraith	galbraith	PROPN
dem-2904	227	2	,	,	PUNCT
dem-2904	227	3	j.	j.	PROPN
dem-2904	227	4	k.	k.	PROPN
dem-2904	227	5	,	,	PUNCT
dem-2904	227	6	hale	hale	PROPN
dem-2904	227	7	,	,	PUNCT
dem-2904	227	8	t.	t.	PROPN
dem-2904	227	9	(	(	PUNCT
dem-2904	227	10	2004	2004	NUM
dem-2904	227	11	)	)	PUNCT
dem-2904	227	12	,	,	PUNCT
dem-2904	227	13	income	income	NOUN
dem-2904	227	14	distribution	distribution	NOUN
dem-2904	227	15	and	and	CCONJ
dem-2904	227	16	the	the	DET
dem-2904	227	17	information	information	NOUN
dem-2904	227	18	technology	technology	NOUN
dem-2904	227	19	bubble	bubble	NOUN
dem-2904	227	20	.	.	PUNCT
dem-2904	228	1	university	university	PROPN
dem-2904	228	2	of	of	ADP
dem-2904	228	3	texas	texas	PROPN
dem-2904	228	4	inequality	inequality	PROPN
dem-2904	228	5	project	project	NOUN
dem-2904	228	6	,	,	PUNCT
dem-2904	228	7	http://utip.gov.utexas.edu/papers/utip_27.pdf	http://utip.gov.utexas.edu/papers/utip_27.pdf	PROPN
dem-2904	228	8	,	,	PUNCT
dem-2904	228	9	(	(	PUNCT
dem-2904	228	10	16.08.2013	16.08.2013	NUM
dem-2904	228	11	)	)	PUNCT
dem-2904	228	12	.	.	PUNCT
dem-2904	229	1	guidolin	guidolin	NOUN
dem-2904	229	2	,	,	PUNCT
dem-2904	229	3	m.	m.	NOUN
dem-2904	229	4	(	(	PUNCT
dem-2904	229	5	2011	2011	NUM
dem-2904	229	6	)	)	PUNCT
dem-2904	229	7	,	,	PUNCT
dem-2904	229	8	markov	markov	NOUN
dem-2904	229	9	switching	switching	NOUN
dem-2904	229	10	model	model	NOUN
dem-2904	229	11	in	in	ADP
dem-2904	229	12	empirical	empirical	ADJ
dem-2904	229	13	finance	finance	NOUN
dem-2904	229	14	,	,	PUNCT
dem-2904	229	15	innocenzo	innocenzo	NOUN
dem-2904	229	16	gasparini	gasparini	PROPN
dem-2904	229	17	institute	institute	PROPN
dem-2904	229	18	for	for	ADP
dem-2904	229	19	economic	economic	ADJ
dem-2904	229	20	research	research	NOUN
dem-2904	229	21	,	,	PUNCT
dem-2904	229	22	bocconi	bocconi	NOUN
dem-2904	229	23	university	university	NOUN
dem-2904	229	24	,	,	PUNCT
dem-2904	229	25	working	working	NOUN
dem-2904	229	26	paper	paper	NOUN
dem-2904	229	27	,	,	PUNCT
dem-2904	229	28	no	no	INTJ
dem-2904	229	29	.	.	NOUN
dem-2904	229	30	415	415	NUM
dem-2904	229	31	,	,	PUNCT
dem-2904	229	32	1–60	1–60	PROPN
dem-2904	229	33	.	.	PUNCT
dem-2904	229	34	hamilton	hamilton	PROPN
dem-2904	229	35	,	,	PUNCT
dem-2904	229	36	j.	j.	PROPN
dem-2904	229	37	(	(	PUNCT
dem-2904	229	38	1988	1988	NUM
dem-2904	229	39	)	)	PUNCT
dem-2904	229	40	,	,	PUNCT
dem-2904	229	41	are	be	AUX
dem-2904	229	42	the	the	DET
dem-2904	229	43	macroeconomic	macroeconomic	ADJ
dem-2904	229	44	effects	effect	NOUN
dem-2904	229	45	of	of	ADP
dem-2904	229	46	oil	oil	NOUN
dem-2904	229	47	-	-	PUNCT
dem-2904	229	48	price	price	NOUN
dem-2904	229	49	changes	change	NOUN
dem-2904	229	50	symmetric	symmetric	ADJ
dem-2904	229	51	?	?	PUNCT
dem-2904	230	1	a	a	DET
dem-2904	230	2	comment	comment	NOUN
dem-2904	230	3	,	,	PUNCT
dem-2904	230	4	carnegie	carnegie	NOUN
dem-2904	230	5	-	-	PUNCT
dem-2904	230	6	rochester	rochester	PROPN
dem-2904	230	7	conference	conference	NOUN
dem-2904	230	8	series	series	NOUN
dem-2904	230	9	on	on	ADP
dem-2904	230	10	public	public	ADJ
dem-2904	230	11	policy	policy	NOUN
dem-2904	230	12	,	,	PUNCT
dem-2904	230	13	28	28	NUM
dem-2904	230	14	,	,	PUNCT
dem-2904	230	15	369–378	369–378	NUM
dem-2904	230	16	,	,	PUNCT
dem-2904	230	17	doi	doi	NOUN
dem-2904	230	18	:	:	PUNCT
dem-2904	230	19	http://dx.doi.org/10.1016/0167-2231(88)90031-0	http://dx.doi.org/10.1016/0167-2231(88)90031-0	PROPN
dem-2904	230	20	.	.	PUNCT
dem-2904	231	1	hamilton	hamilton	PROPN
dem-2904	231	2	,	,	PUNCT
dem-2904	231	3	j.	j.	PROPN
dem-2904	231	4	(	(	PUNCT
dem-2904	231	5	1989	1989	NUM
dem-2904	231	6	)	)	PUNCT
dem-2904	231	7	,	,	PUNCT
dem-2904	231	8	a	a	DET
dem-2904	231	9	new	new	ADJ
dem-2904	231	10	approach	approach	NOUN
dem-2904	231	11	to	to	ADP
dem-2904	231	12	the	the	DET
dem-2904	231	13	economic	economic	ADJ
dem-2904	231	14	analysis	analysis	NOUN
dem-2904	231	15	of	of	ADP
dem-2904	231	16	nonstationary	nonstationary	ADJ
dem-2904	231	17	time	time	NOUN
dem-2904	231	18	series	series	NOUN
dem-2904	231	19	and	and	CCONJ
dem-2904	231	20	the	the	DET
dem-2904	231	21	business	business	NOUN
dem-2904	231	22	cycle	cycle	NOUN
dem-2904	231	23	,	,	PUNCT
dem-2904	231	24	econometrica	econometrica	PROPN
dem-2904	231	25	,	,	PUNCT
dem-2904	231	26	57(2	57(2	NUM
dem-2904	231	27	)	)	PUNCT
dem-2904	231	28	,	,	PUNCT
dem-2904	231	29	357–384	357–384	NUM
dem-2904	231	30	,	,	PUNCT
dem-2904	231	31	doi	doi	NOUN
dem-2904	231	32	:	:	PUNCT
dem-2904	231	33	http://dx.doi.org/10.2307/1912559	http://dx.doi.org/10.2307/1912559	PROPN
dem-2904	231	34	.	.	PUNCT
dem-2904	232	1	hamilton	hamilton	PROPN
dem-2904	232	2	,	,	PUNCT
dem-2904	232	3	j.	j.	PROPN
dem-2904	232	4	(	(	PUNCT
dem-2904	232	5	1996	1996	NUM
dem-2904	232	6	)	)	PUNCT
dem-2904	232	7	,	,	PUNCT
dem-2904	232	8	this	this	PRON
dem-2904	232	9	is	be	AUX
dem-2904	232	10	what	what	PRON
dem-2904	232	11	happened	happen	VERB
dem-2904	232	12	to	to	ADP
dem-2904	232	13	the	the	DET
dem-2904	232	14	oil	oil	NOUN
dem-2904	232	15	price	price	NOUN
dem-2904	232	16	macroeconomy	macroeconomy	NOUN
dem-2904	232	17	relationship	relationship	NOUN
dem-2904	232	18	,	,	PUNCT
dem-2904	232	19	journal	journal	NOUN
dem-2904	232	20	of	of	ADP
dem-2904	232	21	monetary	monetary	ADJ
dem-2904	232	22	economics	economic	NOUN
dem-2904	232	23	,	,	PUNCT
dem-2904	232	24	38	38	NUM
dem-2904	232	25	,	,	PUNCT
dem-2904	232	26	215–220	215–220	NUM
dem-2904	232	27	,	,	PUNCT
dem-2904	232	28	doi	doi	NOUN
dem-2904	232	29	:	:	PUNCT
dem-2904	232	30	http://dx.doi.org/10.1016/s0304-3932(96)01282-2	http://dx.doi.org/10.1016/s0304-3932(96)01282-2	PROPN
dem-2904	232	31	.	.	PROPN
dem-2904	233	1	harding	harding	PROPN
dem-2904	233	2	,	,	PUNCT
dem-2904	233	3	d.	d.	PROPN
dem-2904	233	4	,	,	PUNCT
dem-2904	233	5	pagan	pagan	VERB
dem-2904	233	6	,	,	PUNCT
dem-2904	233	7	a.	a.	NOUN
dem-2904	233	8	(	(	PUNCT
dem-2904	233	9	2006	2006	NUM
dem-2904	233	10	)	)	PUNCT
dem-2904	233	11	,	,	PUNCT
dem-2904	233	12	synchronization	synchronization	NOUN
dem-2904	233	13	of	of	ADP
dem-2904	233	14	cycles	cycle	NOUN
dem-2904	233	15	,	,	PUNCT
dem-2904	233	16	journal	journal	NOUN
dem-2904	233	17	of	of	ADP
dem-2904	233	18	econometrics	econometric	NOUN
dem-2904	233	19	,	,	PUNCT
dem-2904	233	20	132(1	132(1	NUM
dem-2904	233	21	)	)	PUNCT
dem-2904	233	22	,	,	PUNCT
dem-2904	234	1	59–79	59–79	ADV
dem-2904	234	2	.	.	PUNCT
dem-2904	235	1	hooker	hooker	NOUN
dem-2904	235	2	,	,	PUNCT
dem-2904	235	3	m.	m.	NOUN
dem-2904	235	4	(	(	PUNCT
dem-2904	235	5	1999	1999	NUM
dem-2904	235	6	)	)	PUNCT
dem-2904	235	7	,	,	PUNCT
dem-2904	235	8	are	be	AUX
dem-2904	235	9	oil	oil	NOUN
dem-2904	235	10	shock	shock	NOUN
dem-2904	235	11	inflationary	inflationary	NOUN
dem-2904	235	12	?	?	PUNCT
dem-2904	236	1	asymetric	asymetric	ADJ
dem-2904	236	2	and	and	CCONJ
dem-2904	236	3	nonlinear	nonlinear	ADJ
dem-2904	236	4	specifications	specification	NOUN
dem-2904	236	5	versus	versus	ADP
dem-2904	236	6	changes	change	NOUN
dem-2904	236	7	in	in	ADP
dem-2904	236	8	regime	regime	NOUN
dem-2904	236	9	,	,	PUNCT
dem-2904	236	10	journal	journal	NOUN
dem-2904	236	11	of	of	ADP
dem-2904	236	12	money	money	NOUN
dem-2904	236	13	,	,	PUNCT
dem-2904	236	14	credit	credit	NOUN
dem-2904	236	15	and	and	CCONJ
dem-2904	236	16	banking	banking	NOUN
dem-2904	236	17	,	,	PUNCT
dem-2904	236	18	34(2	34(2	NUM
dem-2904	236	19	)	)	PUNCT
dem-2904	236	20	,	,	PUNCT
dem-2904	236	21	540–561	540–561	NUM
dem-2904	236	22	,	,	PUNCT
dem-2904	236	23	doi	doi	NOUN
dem-2904	236	24	:	:	PUNCT
dem-2904	236	25	http://dx.doi.org/10.1353/mcb.2002.0041	http://dx.doi.org/10.1353/mcb.2002.0041	NOUN
dem-2904	236	26	.	.	PUNCT
dem-2904	237	1	international	international	ADJ
dem-2904	237	2	energy	energy	NOUN
dem-2904	237	3	agency	agency	PROPN
dem-2904	237	4	(	(	PUNCT
dem-2904	237	5	iea	iea	NOUN
dem-2904	237	6	)	)	PUNCT
dem-2904	237	7	,	,	PUNCT
dem-2904	237	8	http://omrpublic.iea.org/currentissues/full.pdf	http://omrpublic.iea.org/currentissues/full.pdf	PROPN
dem-2904	237	9	,	,	PUNCT
dem-2904	237	10	(	(	PUNCT
dem-2904	237	11	16.08.2013	16.08.2013	NUM
dem-2904	237	12	)	)	PUNCT
dem-2904	237	13	.	.	PUNCT
dem-2904	238	1	andrzej	andrzej	PROPN
dem-2904	238	2	geise	geise	PROPN
dem-2904	238	3	,	,	PUNCT
dem-2904	238	4	mariola	mariola	PROPN
dem-2904	238	5	piłatowska	piłatowska	PROPN
dem-2904	238	6	dynamic	dynamic	ADJ
dem-2904	238	7	econometric	econometric	ADJ
dem-2904	238	8	models	model	NOUN
dem-2904	238	9	vol.13	vol.13	X
dem-2904	238	10	(	(	PUNCT
dem-2904	238	11	2013	2013	NUM
dem-2904	238	12	)	)	PUNCT
dem-2904	239	1	175–194	175–194	NUM
dem-2904	239	2	194	194	NUM
dem-2904	239	3	jimenez	jimenez	PROPN
dem-2904	239	4	-	-	PUNCT
dem-2904	239	5	rodrigues	rodrigues	PROPN
dem-2904	239	6	,	,	PUNCT
dem-2904	239	7	r.	r.	PROPN
dem-2904	239	8	,	,	PUNCT
dem-2904	239	9	sanchez	sanchez	PROPN
dem-2904	239	10	,	,	PUNCT
dem-2904	239	11	m.	m.	NOUN
dem-2904	239	12	(	(	PUNCT
dem-2904	239	13	2005	2005	NUM
dem-2904	239	14	)	)	PUNCT
dem-2904	239	15	,	,	PUNCT
dem-2904	239	16	oil	oil	NOUN
dem-2904	239	17	price	price	NOUN
dem-2904	239	18	shocks	shock	NOUN
dem-2904	239	19	and	and	CCONJ
dem-2904	239	20	business	business	NOUN
dem-2904	239	21	cycles	cycle	NOUN
dem-2904	239	22	in	in	ADP
dem-2904	239	23	major	major	ADJ
dem-2904	239	24	oecd	oecd	NOUN
dem-2904	239	25	economies	economy	NOUN
dem-2904	239	26	,	,	PUNCT
dem-2904	239	27	applied	apply	VERB
dem-2904	239	28	economics	economic	NOUN
dem-2904	239	29	,	,	PUNCT
dem-2904	239	30	37(2	37(2	NOUN
dem-2904	239	31	)	)	PUNCT
dem-2904	239	32	,	,	PUNCT
dem-2904	239	33	201–228	201–228	NUM
dem-2904	239	34	.	.	PUNCT
dem-2904	240	1	kim	kim	PROPN
dem-2904	240	2	,	,	PUNCT
dem-2904	240	3	i.	i.	PROPN
dem-2904	240	4	m.	m.	PROPN
dem-2904	240	5	,	,	PUNCT
dem-2904	240	6	loungani	loungani	PROPN
dem-2904	240	7	,	,	PUNCT
dem-2904	240	8	p.	p.	NOUN
dem-2904	240	9	(	(	PUNCT
dem-2904	240	10	1992	1992	NUM
dem-2904	240	11	)	)	PUNCT
dem-2904	240	12	,	,	PUNCT
dem-2904	240	13	the	the	DET
dem-2904	240	14	role	role	NOUN
dem-2904	240	15	of	of	ADP
dem-2904	240	16	energy	energy	NOUN
dem-2904	240	17	in	in	ADP
dem-2904	240	18	real	real	ADJ
dem-2904	240	19	business	business	NOUN
dem-2904	240	20	cycle	cycle	NOUN
dem-2904	240	21	models	model	NOUN
dem-2904	240	22	,	,	PUNCT
dem-2904	240	23	journal	journal	NOUN
dem-2904	240	24	of	of	ADP
dem-2904	240	25	monetary	monetary	ADJ
dem-2904	240	26	economics	economic	NOUN
dem-2904	240	27	,	,	PUNCT
dem-2904	240	28	29	29	NUM
dem-2904	240	29	,	,	PUNCT
dem-2904	240	30	173–189	173–189	NUM
dem-2904	240	31	,	,	PUNCT
dem-2904	240	32	doi	doi	NOUN
dem-2904	240	33	:	:	PUNCT
dem-2904	240	34	http://dx.doi.org/10.1016/0304-3932(92)90011-p	http://dx.doi.org/10.1016/0304-3932(92)90011-p	PROPN
dem-2904	240	35	.	.	PROPN
dem-2904	240	36	konopczak	konopczak	PROPN
dem-2904	240	37	,	,	PUNCT
dem-2904	240	38	k.	k.	PROPN
dem-2904	240	39	(	(	PUNCT
dem-2904	240	40	2009	2009	NUM
dem-2904	240	41	)	)	PUNCT
dem-2904	240	42	,	,	PUNCT
dem-2904	240	43	analiza	analiza	PROPN
dem-2904	240	44	zbieżności	zbieżności	PROPN
dem-2904	240	45	cykli	cykli	PROPN
dem-2904	240	46	koniunkturalnych	koniunkturalnych	PROPN
dem-2904	240	47	gospodarki	gospodarki	PROPN
dem-2904	240	48	polskiej	polskiej	PROPN
dem-2904	240	49	ze	ze	PROPN
dem-2904	240	50	strefą	strefą	VERB
dem-2904	240	51	euro	euro	NOUN
dem-2904	240	52	na	na	AUX
dem-2904	240	53	tle	tle	VERB
dem-2904	240	54	krajów	krajów	PROPN
dem-2904	240	55	europy	europy	PROPN
dem-2904	240	56	środkowo	środkowo	PROPN
dem-2904	240	57	-	-	PUNCT
dem-2904	240	58	wschodniej	wschodniej	PROPN
dem-2904	240	59	oraz	oraz	PROPN
dem-2904	240	60	państw	państw	PROPN
dem-2904	240	61	członkowskich	członkowskich	VERB
dem-2904	240	62	strefy	strefy	ADJ
dem-2904	240	63	euro	euro	NOUN
dem-2904	240	64	(	(	PUNCT
dem-2904	240	65	business	business	NOUN
dem-2904	240	66	cycle	cycle	NOUN
dem-2904	240	67	synchronization	synchronization	NOUN
dem-2904	240	68	in	in	ADP
dem-2904	240	69	poland	poland	PROPN
dem-2904	240	70	,	,	PUNCT
dem-2904	240	71	the	the	DET
dem-2904	240	72	euro	euro	PROPN
dem-2904	240	73	area	area	NOUN
dem-2904	240	74	and	and	CCONJ
dem-2904	240	75	eastern	eastern	ADJ
dem-2904	240	76	european	european	ADJ
dem-2904	240	77	countries	country	NOUN
dem-2904	240	78	)	)	PUNCT
dem-2904	240	79	,	,	PUNCT
dem-2904	241	1	[	[	X
dem-2904	241	2	in	in	ADP
dem-2904	241	3	:]	:]	PROPN
dem-2904	241	4	nbp	nbp	PROPN
dem-2904	241	5	.	.	PUNCT
dem-2904	241	6	raport	raport	PROPN
dem-2904	241	7	na	na	AUX
dem-2904	241	8	temat	temat	PROPN
dem-2904	241	9	pełnego	pełnego	PROPN
dem-2904	241	10	uczestnictwa	uczestnictwa	PROPN
dem-2904	241	11	rzeczypospolitej	rzeczypospolitej	PROPN
dem-2904	241	12	polskiej	polskiej	PROPN
dem-2904	241	13	w	w	PROPN
dem-2904	241	14	trzecim	trzecim	PROPN
dem-2904	241	15	etapie	etapie	PROPN
dem-2904	241	16	unii	unii	PROPN
dem-2904	241	17	gospodarczej	gospodarczej	VERB
dem-2904	242	1	i	i	PRON
dem-2904	242	2	walutowej	walutowej	VERB
dem-2904	242	3	:	:	PUNCT
dem-2904	242	4	projekty	projekty	ADJ
dem-2904	242	5	badawcze	badawcze	NOUN
dem-2904	242	6	część	część	VERB
dem-2904	242	7	trzecia	trzecia	PROPN
dem-2904	242	8	(	(	PUNCT
dem-2904	243	1	nbp	nbp	PROPN
dem-2904	243	2	.	.	PROPN
dem-2904	243	3	report	report	NOUN
dem-2904	243	4	on	on	ADP
dem-2904	243	5	the	the	DET
dem-2904	243	6	full	full	ADJ
dem-2904	243	7	participation	participation	NOUN
dem-2904	243	8	of	of	ADP
dem-2904	243	9	poland	poland	PROPN
dem-2904	243	10	in	in	ADP
dem-2904	243	11	the	the	DET
dem-2904	243	12	third	third	ADJ
dem-2904	243	13	stage	stage	NOUN
dem-2904	243	14	of	of	ADP
dem-2904	243	15	economic	economic	ADJ
dem-2904	243	16	and	and	CCONJ
dem-2904	243	17	monetary	monetary	ADJ
dem-2904	243	18	union	union	PROPN
dem-2904	243	19	)	)	PUNCT
dem-2904	243	20	,	,	PUNCT
dem-2904	243	21	warszawa	warszawa	PROPN
dem-2904	243	22	.	.	PUNCT
dem-2904	244	1	kośko	kośko	PROPN
dem-2904	244	2	,	,	PUNCT
dem-2904	244	3	m.	m.	NOUN
dem-2904	244	4	(	(	PUNCT
dem-2904	244	5	2006	2006	NUM
dem-2904	244	6	)	)	PUNCT
dem-2904	244	7	,	,	PUNCT
dem-2904	244	8	application	application	NOUN
dem-2904	244	9	of	of	ADP
dem-2904	244	10	markov	markov	NOUN
dem-2904	244	11	-	-	PUNCT
dem-2904	244	12	switching	switch	VERB
dem-2904	244	13	model	model	NOUN
dem-2904	244	14	to	to	ADP
dem-2904	244	15	stock	stock	NOUN
dem-2904	244	16	returns	return	NOUN
dem-2904	244	17	analysis	analysis	NOUN
dem-2904	244	18	,	,	PUNCT
dem-2904	244	19	dynamic	dynamic	ADJ
dem-2904	244	20	econometric	econometric	ADJ
dem-2904	244	21	models	model	NOUN
dem-2904	244	22	,	,	PUNCT
dem-2904	244	23	7	7	NUM
dem-2904	244	24	,	,	PUNCT
dem-2904	244	25	259–268	259–268	NUM
dem-2904	244	26	.	.	PUNCT
dem-2904	245	1	krolzig	krolzig	PROPN
dem-2904	245	2	,	,	PUNCT
dem-2904	245	3	h	h	NOUN
dem-2904	245	4	-	-	PUNCT
dem-2904	245	5	m.	m.	NOUN
dem-2904	245	6	,	,	PUNCT
dem-2904	245	7	toro	toro	PROPN
dem-2904	245	8	,	,	PUNCT
dem-2904	245	9	j.	j.	PROPN
dem-2904	245	10	(	(	PUNCT
dem-2904	245	11	2005	2005	NUM
dem-2904	245	12	)	)	PUNCT
dem-2904	245	13	,	,	PUNCT
dem-2904	245	14	classical	classical	ADJ
dem-2904	245	15	and	and	CCONJ
dem-2904	245	16	modern	modern	ADJ
dem-2904	245	17	business	business	NOUN
dem-2904	245	18	cycle	cycle	NOUN
dem-2904	245	19	measurement	measurement	NOUN
dem-2904	245	20	:	:	PUNCT
dem-2904	245	21	the	the	DET
dem-2904	245	22	european	european	ADJ
dem-2904	245	23	case	case	NOUN
dem-2904	245	24	,	,	PUNCT
dem-2904	245	25	spanish	spanish	ADJ
dem-2904	245	26	economic	economic	ADJ
dem-2904	245	27	review	review	NOUN
dem-2904	245	28	,	,	PUNCT
dem-2904	245	29	7	7	NUM
dem-2904	245	30	,	,	PUNCT
dem-2904	245	31	1–21	1–21	PROPN
dem-2904	245	32	,	,	PUNCT
dem-2904	245	33	doi	doi	NOUN
dem-2904	245	34	:	:	PUNCT
dem-2904	245	35	http://dx.doi.org/10.1007/s10108-004-0088-0	http://dx.doi.org/10.1007/s10108-004-0088-0	PROPN
dem-2904	245	36	.	.	PUNCT
dem-2904	245	37	leblanck	leblanck	PROPN
dem-2904	245	38	,	,	PUNCT
dem-2904	245	39	m.	m.	NOUN
dem-2904	245	40	,	,	PUNCT
dem-2904	245	41	chinn	chinn	PROPN
dem-2904	245	42	,	,	PUNCT
dem-2904	245	43	m.	m.	NOUN
dem-2904	245	44	(	(	PUNCT
dem-2904	245	45	2004	2004	NUM
dem-2904	245	46	)	)	PUNCT
dem-2904	245	47	,	,	PUNCT
dem-2904	245	48	do	do	VERB
dem-2904	245	49	high	high	ADJ
dem-2904	245	50	oil	oil	NOUN
dem-2904	245	51	prices	price	NOUN
dem-2904	245	52	presage	presage	VERB
dem-2904	245	53	inflation	inflation	NOUN
dem-2904	245	54	?	?	PUNCT
dem-2904	246	1	the	the	DET
dem-2904	246	2	evidence	evidence	NOUN
dem-2904	246	3	from	from	ADP
dem-2904	246	4	g–5	g–5	NOUN
dem-2904	246	5	countries	country	NOUN
dem-2904	246	6	,	,	PUNCT
dem-2904	246	7	sccie	sccie	ADJ
dem-2904	246	8	working	working	NOUN
dem-2904	246	9	paper	paper	NOUN
dem-2904	246	10	,	,	PUNCT
dem-2904	246	11	4	4	NUM
dem-2904	246	12	,	,	PUNCT
dem-2904	246	13	1–27	1–27	NUM
dem-2904	246	14	,	,	PUNCT
dem-2904	246	15	doi	doi	NOUN
dem-2904	246	16	:	:	PUNCT
dem-2904	246	17	http://dx.doi.org/10.2139/ssrn.509262	http://dx.doi.org/10.2139/ssrn.509262	PROPN
dem-2904	246	18	.	.	PROPN
dem-2904	246	19	lee	lee	PROPN
dem-2904	246	20	,	,	PUNCT
dem-2904	246	21	k.	k.	PROPN
dem-2904	246	22	,	,	PUNCT
dem-2904	246	23	ni	ni	PROPN
dem-2904	246	24	,	,	PUNCT
dem-2904	246	25	s.	s.	PROPN
dem-2904	246	26	(	(	PUNCT
dem-2904	246	27	2002	2002	NUM
dem-2904	246	28	)	)	PUNCT
dem-2904	246	29	,	,	PUNCT
dem-2904	246	30	on	on	ADP
dem-2904	246	31	the	the	DET
dem-2904	246	32	dynamic	dynamic	ADJ
dem-2904	246	33	effects	effect	NOUN
dem-2904	246	34	of	of	ADP
dem-2904	246	35	oil	oil	NOUN
dem-2904	246	36	price	price	NOUN
dem-2904	246	37	shock	shock	NOUN
dem-2904	246	38	:	:	PUNCT
dem-2904	246	39	a	a	DET
dem-2904	246	40	study	study	NOUN
dem-2904	246	41	using	use	VERB
dem-2904	246	42	industry	industry	NOUN
dem-2904	246	43	level	level	NOUN
dem-2904	246	44	data	datum	NOUN
dem-2904	246	45	,	,	PUNCT
dem-2904	246	46	journal	journal	NOUN
dem-2904	246	47	of	of	ADP
dem-2904	246	48	monetary	monetary	ADJ
dem-2904	246	49	economics	economic	NOUN
dem-2904	246	50	,	,	PUNCT
dem-2904	246	51	49	49	NUM
dem-2904	246	52	,	,	PUNCT
dem-2904	246	53	823–852	823–852	NUM
dem-2904	246	54	,	,	PUNCT
dem-2904	246	55	doi	doi	NOUN
dem-2904	246	56	:	:	PUNCT
dem-2904	246	57	http://dx.doi.org/10.1016/s0304-3932(02)00114-9	http://dx.doi.org/10.1016/s0304-3932(02)00114-9	ADJ
dem-2904	246	58	.	.	PUNCT
dem-2904	246	59	loungani	loungani	PROPN
dem-2904	246	60	,	,	PUNCT
dem-2904	246	61	p.	p.	NOUN
dem-2904	246	62	(	(	PUNCT
dem-2904	246	63	1986	1986	NUM
dem-2904	246	64	)	)	PUNCT
dem-2904	246	65	,	,	PUNCT
dem-2904	246	66	oil	oil	NOUN
dem-2904	246	67	price	price	NOUN
dem-2904	246	68	shocks	shock	NOUN
dem-2904	246	69	and	and	CCONJ
dem-2904	246	70	dispersion	dispersion	NOUN
dem-2904	246	71	hypothesis	hypothesis	NOUN
dem-2904	246	72	,	,	PUNCT
dem-2904	246	73	review	review	NOUN
dem-2904	246	74	of	of	ADP
dem-2904	246	75	economics	economic	NOUN
dem-2904	246	76	and	and	CCONJ
dem-2904	246	77	statistics	statistic	NOUN
dem-2904	246	78	,	,	PUNCT
dem-2904	246	79	58	58	NUM
dem-2904	246	80	,	,	PUNCT
dem-2904	246	81	536−549	536−549	NOUN
dem-2904	246	82	,	,	PUNCT
dem-2904	246	83	doi	doi	NOUN
dem-2904	246	84	:	:	PUNCT
dem-2904	246	85	http://dx.doi.org/10.2307/1926035	http://dx.doi.org/10.2307/1926035	PROPN
dem-2904	246	86	.	.	PUNCT
dem-2904	247	1	nber	nber	PROPN
dem-2904	247	2	,	,	PUNCT
dem-2904	247	3	http://www.nber.org/cycles/cyclesmain.html	http://www.nber.org/cycles/cyclesmain.html	PROPN
dem-2904	247	4	(	(	PUNCT
dem-2904	247	5	16.08.2013	16.08.2013	PROPN
dem-2904	247	6	r.	r.	PROPN
dem-2904	247	7	)	)	PUNCT
dem-2904	247	8	.	.	PUNCT
dem-2904	248	1	pierce	pierce	PROPN
dem-2904	248	2	,	,	PUNCT
dem-2904	248	3	j.	j.	PROPN
dem-2904	248	4	l.	l.	PROPN
dem-2904	248	5	,	,	PUNCT
dem-2904	248	6	enzler	enzler	NOUN
dem-2904	248	7	,	,	PUNCT
dem-2904	248	8	j.j	j.j	PROPN
dem-2904	248	9	.	.	PROPN
dem-2904	248	10	(	(	PUNCT
dem-2904	248	11	1974	1974	NUM
dem-2904	248	12	)	)	PUNCT
dem-2904	248	13	,	,	PUNCT
dem-2904	248	14	the	the	DET
dem-2904	248	15	effects	effect	NOUN
dem-2904	248	16	of	of	ADP
dem-2904	248	17	external	external	ADJ
dem-2904	248	18	inflationary	inflationary	ADJ
dem-2904	248	19	shocks	shock	NOUN
dem-2904	248	20	,	,	PUNCT
dem-2904	248	21	brooking	brook	VERB
dem-2904	248	22	paper	paper	NOUN
dem-2904	248	23	on	on	ADP
dem-2904	248	24	economic	economic	ADJ
dem-2904	248	25	activity	activity	NOUN
dem-2904	248	26	,	,	PUNCT
dem-2904	248	27	1	1	NUM
dem-2904	248	28	,	,	PUNCT
dem-2904	248	29	13–61	13–61	NUM
dem-2904	248	30	.	.	PUNCT
dem-2904	248	31	popihn	popihn	NOUN
dem-2904	248	32	(	(	PUNCT
dem-2904	248	33	2013	2013	NUM
dem-2904	248	34	)	)	PUNCT
dem-2904	248	35	,	,	PUNCT
dem-2904	248	36	przemysł	przemysł	NOUN
dem-2904	248	37	i	i	PROPN
dem-2904	248	38	handel	handel	PROPN
dem-2904	248	39	naftowy	naftowy	PROPN
dem-2904	248	40	.	.	PUNCT
dem-2904	249	1	roczny	roczny	PROPN
dem-2904	249	2	raport	raport	PROPN
dem-2904	249	3	2012	2012	NUM
dem-2904	249	4	,	,	PUNCT
dem-2904	249	5	warszawa	warszawa	PROPN
dem-2904	249	6	.	.	PUNCT
dem-2904	250	1	stawicki	stawicki	PROPN
dem-2904	250	2	,	,	PUNCT
dem-2904	250	3	j.	j.	PROPN
dem-2904	250	4	(	(	PUNCT
dem-2904	250	5	2004	2004	NUM
dem-2904	250	6	)	)	PUNCT
dem-2904	250	7	,	,	PUNCT
dem-2904	250	8	wykorzystanie	wykorzystanie	PROPN
dem-2904	250	9	łancuchów	łancuchów	PROPN
dem-2904	250	10	markowa	markowa	PROPN
dem-2904	250	11	w	w	PROPN
dem-2904	250	12	analizie	analizie	PROPN
dem-2904	250	13	rynku	rynku	ADJ
dem-2904	250	14	kapitałowego	kapitałowego	PROPN
dem-2904	250	15	(	(	PUNCT
dem-2904	250	16	application	application	NOUN
dem-2904	250	17	of	of	ADP
dem-2904	250	18	markov	markov	NOUN
dem-2904	250	19	chains	chain	NOUN
dem-2904	250	20	in	in	ADP
dem-2904	250	21	stock	stock	NOUN
dem-2904	250	22	market	market	NOUN
dem-2904	250	23	analysis	analysis	NOUN
dem-2904	250	24	)	)	PUNCT
dem-2904	250	25	,	,	PUNCT
dem-2904	250	26	wydawnictwo	wydawnictwo	PROPN
dem-2904	250	27	uniwersytetu	uniwersytetu	PROPN
dem-2904	250	28	mikołaja	mikołaja	NOUN
dem-2904	250	29	kopernika	kopernika	NOUN
dem-2904	250	30	,	,	PUNCT
dem-2904	250	31	toruń	toruń	PROPN
dem-2904	250	32	.	.	PUNCT
dem-2904	251	1	analiza	analiza	PROPN
dem-2904	251	2	zbieżności	zbieżności	PROPN
dem-2904	251	3	cykli	cykli	ADJ
dem-2904	251	4	cenowych	cenowych	PROPN
dem-2904	251	5	rynku	rynku	ADJ
dem-2904	251	6	ropy	ropy	PROPN
dem-2904	251	7	naftowej	naftowej	PROPN
dem-2904	251	8	z	z	PROPN
dem-2904	251	9	cyklami	cyklami	PROPN
dem-2904	251	10	koniunkturalnymi	koniunkturalnymi	PROPN
dem-2904	251	11	gospodarek	gospodarek	PROPN
dem-2904	251	12	europy	europy	PROPN
dem-2904	251	13	środkowo	środkowo	PROPN
dem-2904	251	14	-	-	PUNCT
dem-2904	251	15	wschodniej	wschodniej	PROPN
dem-2904	251	16	z	z	PROPN
dem-2904	251	17	a	a	DET
dem-2904	251	18	r	r	NOUN
dem-2904	251	19	y	y	PROPN
dem-2904	251	20	s	s	PROPN
dem-2904	251	21	t	t	NOUN
dem-2904	251	22	r	r	NOUN
dem-2904	251	23	e	e	PROPN
dem-2904	251	24	ś	ś	PROPN
dem-2904	251	25	c	c	PROPN
dem-2904	251	26	i.	i.	PROPN
dem-2904	251	27	głównym	głównym	PROPN
dem-2904	251	28	celem	celem	PROPN
dem-2904	251	29	artykułu	artykułu	PROPN
dem-2904	251	30	jest	jest	PROPN
dem-2904	251	31	zbadanie	zbadanie	PROPN
dem-2904	251	32	,	,	PUNCT
dem-2904	251	33	w	w	PROPN
dem-2904	251	34	jakim	jakim	PROPN
dem-2904	251	35	stopniu	stopniu	NOUN
dem-2904	251	36	cenowe	cenowe	PROPN
dem-2904	251	37	cykle	cykle	PROPN
dem-2904	251	38	ropy	ropy	NOUN
dem-2904	251	39	naftowej	naftowej	NOUN
dem-2904	251	40	(	(	PUNCT
dem-2904	251	41	brent	brent	PROPN
dem-2904	251	42	)	)	PUNCT
dem-2904	251	43	są	są	PROPN
dem-2904	251	44	skorelowane	skorelowane	NOUN
dem-2904	252	1	i	i	PRON
dem-2904	252	2	zsynchronizowane	zsynchronizowane	PROPN
dem-2904	252	3	z	z	PROPN
dem-2904	252	4	cyklem	cyklem	PROPN
dem-2904	252	5	koniunkturalnym	koniunkturalnym	PROPN
dem-2904	252	6	dla	dla	NOUN
dem-2904	252	7	wybranych	wybranych	NOUN
dem-2904	252	8	gospodarek	gospodarek	PROPN
dem-2904	252	9	państw	państw	PROPN
dem-2904	252	10	europy	europy	VERB
dem-2904	252	11	środkowo	środkowo	PROPN
dem-2904	252	12	-	-	PUNCT
dem-2904	252	13	wschodniej	wschodniej	PROPN
dem-2904	252	14	(	(	PUNCT
dem-2904	252	15	eśw	eśw	NOUN
dem-2904	252	16	)	)	PUNCT
dem-2904	252	17	.	.	PUNCT
dem-2904	253	1	w	w	PROPN
dem-2904	253	2	celu	celu	PROPN
dem-2904	253	3	identyfikacji	identyfikacji	ADV
dem-2904	253	4	cyklu	cyklu	ADJ
dem-2904	253	5	cenowego	cenowego	PROPN
dem-2904	253	6	ropy	ropy	PROPN
dem-2904	253	7	naftowej	naftowej	VERB
dem-2904	253	8	i	i	PRON
dem-2904	253	9	cyklu	cyklu	ADJ
dem-2904	253	10	koniunkturalnego	koniunkturalnego	PROPN
dem-2904	253	11	został	został	PROPN
dem-2904	253	12	zastosowany	zastosowany	PROPN
dem-2904	253	13	przełącznikowy	przełącznikowy	PROPN
dem-2904	253	14	model	model	PROPN
dem-2904	253	15	markowa	markowa	PROPN
dem-2904	253	16	(	(	PUNCT
dem-2904	253	17	ms	ms	PROPN
dem-2904	253	18	-	-	PUNCT
dem-2904	253	19	ar	ar	NOUN
dem-2904	253	20	)	)	PUNCT
dem-2904	253	21	.	.	PUNCT
dem-2904	254	1	określenie	określenie	PROPN
dem-2904	254	2	wygładzonych	wygładzonych	VERB
dem-2904	254	3	prawdopodobieństw	prawdopodobieństw	PROPN
dem-2904	254	4	w	w	PROPN
dem-2904	254	5	zależności	zależności	PROPN
dem-2904	254	6	od	od	PROPN
dem-2904	254	7	reżimu	reżimu	ADJ
dem-2904	254	8	umożliwiło	umożliwiło	PROPN
dem-2904	254	9	wyznaczenie	wyznaczenie	PROPN
dem-2904	254	10	korelacji	korelacji	PROPN
dem-2904	254	11	tych	tych	PROPN
dem-2904	254	12	prawdopodobieństw	prawdopodobieństw	NOUN
dem-2904	254	13	oraz	oraz	PROPN
dem-2904	254	14	obliczenie	obliczenie	PROPN
dem-2904	254	15	indeksu	indeksu	PROPN
dem-2904	254	16	konkordancji	konkordancji	PROPN
dem-2904	254	17	dla	dla	PROPN
dem-2904	254	18	oceny	oceny	PROPN
dem-2904	254	19	stopnia	stopnia	PROPN
dem-2904	254	20	synchronizacji	synchronizacji	PROPN
dem-2904	254	21	cyklu	cyklu	PROPN
dem-2904	254	22	cenowego	cenowego	PROPN
dem-2904	254	23	ropy	ropy	PROPN
dem-2904	254	24	naftowej	naftowej	VERB
dem-2904	254	25	i	i	PRON
dem-2904	254	26	cyklu	cyklu	ADJ
dem-2904	254	27	koniunkturalnego	koniunkturalnego	PROPN
dem-2904	254	28	w	w	PROPN
dem-2904	254	29	badanych	badanych	PROPN
dem-2904	254	30	państwach	państwach	DET
dem-2904	254	31	eśw	eśw	PROPN
dem-2904	254	32	.	.	PUNCT
dem-2904	255	1	s	s	PROPN
dem-2904	255	2	ł	ł	PROPN
dem-2904	255	3	o	o	X
dem-2904	255	4	w	w	NOUN
dem-2904	255	5	a	a	DET
dem-2904	255	6	k	k	X
dem-2904	255	7	l	l	NOUN
dem-2904	255	8	u	u	NOUN
dem-2904	256	1	c	c	NOUN
dem-2904	256	2	z	z	NOUN
dem-2904	256	3	o	o	X
dem-2904	256	4	w	w	PROPN
dem-2904	257	1	e	e	NOUN
dem-2904	257	2	:	:	PUNCT
dem-2904	257	3	przełącznikowe	przełącznikowe	PROPN
dem-2904	257	4	modele	modele	PROPN
dem-2904	257	5	markowa	markowa	PROPN
dem-2904	257	6	,	,	PUNCT
dem-2904	257	7	ceny	ceny	PROPN
dem-2904	257	8	ropy	ropy	PROPN
dem-2904	257	9	naftowej	naftowej	NOUN
dem-2904	257	10	,	,	PUNCT
dem-2904	257	11	cykle	cykle	ADJ
dem-2904	257	12	koniunkturalne	koniunkturalne	PROPN
dem-2904	257	13	,	,	PUNCT
dem-2904	257	14	cykle	cykle	ADJ
dem-2904	257	15	cenowe	cenowe	NOUN
dem-2904	257	16	.	.	PUNCT