id	sid	tid	token	lemma	pos
dem-4204	1	1	microsoft	microsoft	PROPN
dem-4204	1	2	word	word	NOUN
dem-4204	1	3	00_tresc.docx	00_tresc.docx	PRON
dem-4204	1	4	dynamic	dynamic	ADJ
dem-4204	1	5	econometric	econometric	ADJ
dem-4204	1	6	models	model	NOUN
dem-4204	1	7	vol	vol	NOUN
dem-4204	1	8	.	.	PROPN
dem-4204	1	9	9	9	NUM
dem-4204	1	10	–	–	PUNCT
dem-4204	1	11	nicolaus	nicolaus	PROPN
dem-4204	1	12	copernicus	copernicus	PROPN
dem-4204	1	13	university	university	PROPN
dem-4204	1	14	–	–	PUNCT
dem-4204	1	15	toruń	toruń	NOUN
dem-4204	1	16	–	–	PUNCT
dem-4204	1	17	2009	2009	NUM
dem-4204	1	18	dorota	dorota	PROPN
dem-4204	1	19	górecka	górecka	NOUN
dem-4204	1	20	,	,	PUNCT
dem-4204	1	21	dominik	dominik	PROPN
dem-4204	1	22	śliwicki	śliwicki	PROPN
dem-4204	1	23	nicolaus	nicolaus	PROPN
dem-4204	1	24	copernicus	copernicus	PROPN
dem-4204	1	25	university	university	PROPN
dem-4204	1	26	in	in	ADP
dem-4204	1	27	toruń	toruń	PROPN
dem-4204	1	28	application	application	NOUN
dem-4204	1	29	of	of	ADP
dem-4204	1	30	panel	panel	NOUN
dem-4204	1	31	data	datum	NOUN
dem-4204	1	32	models	model	NOUN
dem-4204	1	33	to	to	PART
dem-4204	1	34	exchange	exchange	VERB
dem-4204	1	35	rates	rate	NOUN
dem-4204	1	36	’	'	PUNCT
dem-4204	1	37	modeling	modeling	NOUN
dem-4204	1	38	for	for	ADP
dem-4204	1	39	scandinavian	scandinavian	ADJ
dem-4204	1	40	and	and	CCONJ
dem-4204	1	41	central	central	ADJ
dem-4204	1	42	and	and	CCONJ
dem-4204	1	43	eastern	eastern	ADJ
dem-4204	1	44	european	european	ADJ
dem-4204	1	45	countries	country	NOUN
dem-4204	1	46	a	a	DET
dem-4204	1	47	b	b	PROPN
dem-4204	1	48	s	s	ADP
dem-4204	1	49	t	t	PROPN
dem-4204	1	50	r	r	NOUN
dem-4204	1	51	a	a	DET
dem-4204	1	52	c	c	NOUN
dem-4204	1	53	t.	t.	NOUN
dem-4204	1	54	in	in	ADP
dem-4204	1	55	the	the	DET
dem-4204	1	56	paper	paper	NOUN
dem-4204	1	57	the	the	DET
dem-4204	1	58	purchasing	purchasing	NOUN
dem-4204	1	59	power	power	NOUN
dem-4204	1	60	parity	parity	NOUN
dem-4204	1	61	(	(	PUNCT
dem-4204	1	62	ppp	ppp	NOUN
dem-4204	1	63	)	)	PUNCT
dem-4204	1	64	theory	theory	NOUN
dem-4204	1	65	for	for	ADP
dem-4204	1	66	6	6	NUM
dem-4204	1	67	states	state	NOUN
dem-4204	1	68	belonging	belong	VERB
dem-4204	1	69	to	to	ADP
dem-4204	1	70	oecd	oecd	PROPN
dem-4204	1	71	,	,	PUNCT
dem-4204	1	72	namely	namely	ADV
dem-4204	1	73	denmark	denmark	NOUN
dem-4204	1	74	,	,	PUNCT
dem-4204	1	75	norway	norway	PROPN
dem-4204	1	76	,	,	PUNCT
dem-4204	1	77	sweden	sweden	PROPN
dem-4204	1	78	,	,	PUNCT
dem-4204	1	79	poland	poland	PROPN
dem-4204	1	80	,	,	PUNCT
dem-4204	1	81	czech	czech	PROPN
dem-4204	1	82	republic	republic	NOUN
dem-4204	1	83	and	and	CCONJ
dem-4204	1	84	hungary	hungary	PROPN
dem-4204	1	85	,	,	PUNCT
dem-4204	1	86	was	be	AUX
dem-4204	1	87	examined	examine	VERB
dem-4204	1	88	.	.	PUNCT
dem-4204	2	1	in	in	ADP
dem-4204	2	2	order	order	NOUN
dem-4204	2	3	to	to	PART
dem-4204	2	4	do	do	AUX
dem-4204	2	5	that	that	SCONJ
dem-4204	2	6	the	the	DET
dem-4204	2	7	ips	ips	PROPN
dem-4204	2	8	panel	panel	NOUN
dem-4204	2	9	unit	unit	NOUN
dem-4204	2	10	root	root	PROPN
dem-4204	2	11	test	test	NOUN
dem-4204	2	12	was	be	AUX
dem-4204	2	13	employed	employ	VERB
dem-4204	2	14	.	.	PUNCT
dem-4204	3	1	after	after	ADP
dem-4204	3	2	establishing	establish	VERB
dem-4204	3	3	that	that	SCONJ
dem-4204	3	4	the	the	DET
dem-4204	3	5	exchange	exchange	NOUN
dem-4204	3	6	rates	rate	NOUN
dem-4204	3	7	permanently	permanently	ADV
dem-4204	3	8	deviate	deviate	VERB
dem-4204	3	9	from	from	ADP
dem-4204	3	10	the	the	DET
dem-4204	3	11	long	long	ADJ
dem-4204	3	12	-	-	PUNCT
dem-4204	3	13	term	term	NOUN
dem-4204	3	14	equilibrium	equilibrium	NOUN
dem-4204	3	15	rate	rate	NOUN
dem-4204	3	16	and	and	CCONJ
dem-4204	3	17	the	the	DET
dem-4204	3	18	ppp	ppp	NOUN
dem-4204	3	19	theory	theory	NOUN
dem-4204	3	20	is	be	AUX
dem-4204	3	21	at	at	ADP
dem-4204	3	22	variance	variance	NOUN
dem-4204	3	23	with	with	ADP
dem-4204	3	24	the	the	DET
dem-4204	3	25	data	datum	NOUN
dem-4204	3	26	,	,	PUNCT
dem-4204	3	27	two	two	NUM
dem-4204	3	28	panel	panel	NOUN
dem-4204	3	29	models	model	NOUN
dem-4204	3	30	were	be	AUX
dem-4204	3	31	estimated	estimate	VERB
dem-4204	3	32	to	to	PART
dem-4204	3	33	identify	identify	VERB
dem-4204	3	34	factors	factor	NOUN
dem-4204	3	35	that	that	PRON
dem-4204	3	36	influence	influence	NOUN
dem-4204	3	37	exchange	exchange	NOUN
dem-4204	3	38	rates	rate	NOUN
dem-4204	3	39	of	of	ADP
dem-4204	3	40	scandinavian	scandinavian	ADJ
dem-4204	3	41	and	and	CCONJ
dem-4204	3	42	cefta	cefta	ADJ
dem-4204	3	43	countries	country	NOUN
dem-4204	3	44	.	.	PUNCT
dem-4204	4	1	k	k	PROPN
dem-4204	4	2	e	e	PROPN
dem-4204	4	3	y	y	PROPN
dem-4204	4	4	w	w	NOUN
dem-4204	4	5	o	o	NOUN
dem-4204	4	6	r	r	NOUN
dem-4204	4	7	d	d	X
dem-4204	4	8	s	s	NOUN
dem-4204	4	9	:	:	PUNCT
dem-4204	4	10	purchasing	purchase	VERB
dem-4204	4	11	power	power	NOUN
dem-4204	4	12	parity	parity	NOUN
dem-4204	4	13	,	,	PUNCT
dem-4204	4	14	long	long	ADJ
dem-4204	4	15	-	-	PUNCT
dem-4204	4	16	term	term	NOUN
dem-4204	4	17	equilibrium	equilibrium	NOUN
dem-4204	4	18	exchange	exchange	NOUN
dem-4204	4	19	rate	rate	NOUN
dem-4204	4	20	,	,	PUNCT
dem-4204	4	21	panel	panel	NOUN
dem-4204	4	22	models	model	NOUN
dem-4204	4	23	with	with	ADP
dem-4204	4	24	fixed	fix	VERB
dem-4204	4	25	individual	individual	ADJ
dem-4204	4	26	effects	effect	NOUN
dem-4204	4	27	.	.	PUNCT
dem-4204	5	1	1	1	X
dem-4204	5	2	.	.	X
dem-4204	5	3	introduction	introduction	NOUN
dem-4204	5	4	literature	literature	NOUN
dem-4204	5	5	referring	refer	VERB
dem-4204	5	6	to	to	ADP
dem-4204	5	7	the	the	DET
dem-4204	5	8	exchange	exchange	NOUN
dem-4204	5	9	rates	rate	NOUN
dem-4204	5	10	and	and	CCONJ
dem-4204	5	11	calculation	calculation	NOUN
dem-4204	5	12	of	of	ADP
dem-4204	5	13	their	their	PRON
dem-4204	5	14	real	real	ADJ
dem-4204	5	15	equilibrium	equilibrium	NOUN
dem-4204	5	16	levels	level	NOUN
dem-4204	5	17	is	be	AUX
dem-4204	5	18	very	very	ADV
dem-4204	5	19	rich	rich	ADJ
dem-4204	5	20	.	.	PUNCT
dem-4204	6	1	a	a	DET
dem-4204	6	2	methodology	methodology	NOUN
dem-4204	6	3	related	relate	VERB
dem-4204	6	4	to	to	ADP
dem-4204	6	5	this	this	DET
dem-4204	6	6	problems	problem	NOUN
dem-4204	6	7	is	be	AUX
dem-4204	6	8	depicted	depict	VERB
dem-4204	6	9	in	in	ADP
dem-4204	6	10	the	the	DET
dem-4204	6	11	work	work	NOUN
dem-4204	6	12	of	of	ADP
dem-4204	6	13	hinkel	hinkel	NOUN
dem-4204	6	14	and	and	CCONJ
dem-4204	6	15	montiel	montiel	PROPN
dem-4204	6	16	(	(	PUNCT
dem-4204	6	17	1999	1999	NUM
dem-4204	6	18	)	)	PUNCT
dem-4204	6	19	while	while	SCONJ
dem-4204	6	20	a	a	DET
dem-4204	6	21	review	review	NOUN
dem-4204	6	22	of	of	ADP
dem-4204	6	23	the	the	DET
dem-4204	6	24	results	result	NOUN
dem-4204	6	25	of	of	ADP
dem-4204	6	26	the	the	DET
dem-4204	6	27	empirical	empirical	ADJ
dem-4204	6	28	investigations	investigation	NOUN
dem-4204	6	29	can	can	AUX
dem-4204	6	30	be	be	AUX
dem-4204	6	31	found	find	VERB
dem-4204	6	32	in	in	ADP
dem-4204	6	33	the	the	DET
dem-4204	6	34	article	article	NOUN
dem-4204	6	35	of	of	ADP
dem-4204	6	36	edwards	edwards	PROPN
dem-4204	6	37	and	and	CCONJ
dem-4204	6	38	savastano	savastano	NOUN
dem-4204	6	39	(	(	PUNCT
dem-4204	6	40	1999	1999	NUM
dem-4204	6	41	)	)	PUNCT
dem-4204	6	42	.	.	PUNCT
dem-4204	7	1	at	at	ADV
dem-4204	7	2	least	least	ADV
dem-4204	7	3	three	three	NUM
dem-4204	7	4	concepts	concept	NOUN
dem-4204	7	5	have	have	AUX
dem-4204	7	6	been	be	AUX
dem-4204	7	7	used	use	VERB
dem-4204	7	8	so	so	ADV
dem-4204	7	9	far	far	ADV
dem-4204	7	10	in	in	ADP
dem-4204	7	11	the	the	DET
dem-4204	7	12	analyses	analysis	NOUN
dem-4204	7	13	to	to	PART
dem-4204	7	14	determine	determine	VERB
dem-4204	7	15	the	the	DET
dem-4204	7	16	equilibrium	equilibrium	NOUN
dem-4204	7	17	exchange	exchange	NOUN
dem-4204	7	18	rate	rate	NOUN
dem-4204	7	19	,	,	PUNCT
dem-4204	7	20	namely	namely	ADV
dem-4204	7	21	:	:	PUNCT
dem-4204	7	22	purchasing	purchase	VERB
dem-4204	7	23	power	power	NOUN
dem-4204	7	24	parity	parity	NOUN
dem-4204	7	25	theory	theory	NOUN
dem-4204	7	26	(	(	PUNCT
dem-4204	7	27	johansen	johansen	PROPN
dem-4204	7	28	,	,	PUNCT
dem-4204	7	29	juselius	juselius	NOUN
dem-4204	7	30	,	,	PUNCT
dem-4204	7	31	1992	1992	NUM
dem-4204	7	32	;	;	PUNCT
dem-4204	7	33	macdonald	macdonald	PROPN
dem-4204	7	34	,	,	PUNCT
dem-4204	7	35	nagayasu	nagayasu	VERB
dem-4204	7	36	,	,	PUNCT
dem-4204	7	37	1998	1998	NUM
dem-4204	7	38	)	)	PUNCT
dem-4204	7	39	,	,	PUNCT
dem-4204	7	40	fundamental	fundamental	ADJ
dem-4204	7	41	theory	theory	NOUN
dem-4204	7	42	(	(	PUNCT
dem-4204	7	43	williamson	williamson	PROPN
dem-4204	7	44	,	,	PUNCT
dem-4204	7	45	1983	1983	NUM
dem-4204	7	46	,	,	PUNCT
dem-4204	7	47	1994	1994	NUM
dem-4204	7	48	)	)	PUNCT
dem-4204	7	49	and	and	CCONJ
dem-4204	7	50	behavioral	behavioral	ADJ
dem-4204	7	51	theory	theory	NOUN
dem-4204	7	52	(	(	PUNCT
dem-4204	7	53	clark	clark	PROPN
dem-4204	7	54	,	,	PUNCT
dem-4204	7	55	macdonald	macdonald	PROPN
dem-4204	7	56	,	,	PUNCT
dem-4204	7	57	1998	1998	NUM
dem-4204	7	58	,	,	PUNCT
dem-4204	7	59	2004	2004	NUM
dem-4204	7	60	)	)	PUNCT
dem-4204	7	61	.	.	PUNCT
dem-4204	8	1	development	development	NOUN
dem-4204	8	2	of	of	ADP
dem-4204	8	3	the	the	DET
dem-4204	8	4	econometric	econometric	ADJ
dem-4204	8	5	estimation	estimation	NOUN
dem-4204	8	6	methods	method	NOUN
dem-4204	8	7	for	for	ADP
dem-4204	8	8	the	the	DET
dem-4204	8	9	nonstationary	nonstationary	ADJ
dem-4204	8	10	panel	panel	NOUN
dem-4204	8	11	data	datum	NOUN
dem-4204	8	12	has	have	AUX
dem-4204	8	13	caused	cause	VERB
dem-4204	8	14	that	that	SCONJ
dem-4204	8	15	cointegration	cointegration	NOUN
dem-4204	8	16	models	model	NOUN
dem-4204	8	17	for	for	ADP
dem-4204	8	18	this	this	DET
dem-4204	8	19	kind	kind	NOUN
dem-4204	8	20	of	of	ADP
dem-4204	8	21	data	datum	NOUN
dem-4204	8	22	are	be	AUX
dem-4204	8	23	used	use	VERB
dem-4204	8	24	in	in	ADP
dem-4204	8	25	many	many	ADJ
dem-4204	8	26	works	work	NOUN
dem-4204	8	27	(	(	PUNCT
dem-4204	8	28	habermeier	habermeier	ADV
dem-4204	8	29	,	,	PUNCT
dem-4204	8	30	mesquita	mesquita	PROPN
dem-4204	8	31	,	,	PUNCT
dem-4204	8	32	1999	1999	NUM
dem-4204	8	33	;	;	PUNCT
dem-4204	8	34	macdonald	macdonald	PROPN
dem-4204	8	35	,	,	PUNCT
dem-4204	8	36	ricci	ricci	PROPN
dem-4204	8	37	,	,	PUNCT
dem-4204	8	38	2001	2001	NUM
dem-4204	8	39	)	)	PUNCT
dem-4204	8	40	.	.	PUNCT
dem-4204	9	1	into	into	ADP
dem-4204	9	2	this	this	DET
dem-4204	9	3	stream	stream	NOUN
dem-4204	9	4	an	an	DET
dem-4204	9	5	empirical	empirical	ADJ
dem-4204	9	6	investigation	investigation	NOUN
dem-4204	9	7	described	describe	VERB
dem-4204	9	8	in	in	ADP
dem-4204	9	9	the	the	DET
dem-4204	9	10	article	article	NOUN
dem-4204	9	11	may	may	AUX
dem-4204	9	12	be	be	AUX
dem-4204	9	13	included	include	VERB
dem-4204	9	14	.	.	PUNCT
dem-4204	10	1	the	the	DET
dem-4204	10	2	investigation	investigation	NOUN
dem-4204	10	3	constitutes	constitute	VERB
dem-4204	10	4	an	an	DET
dem-4204	10	5	attempt	attempt	NOUN
dem-4204	10	6	to	to	PART
dem-4204	10	7	determine	determine	VERB
dem-4204	10	8	dependencies	dependency	NOUN
dem-4204	10	9	between	between	ADP
dem-4204	10	10	exchange	exchange	NOUN
dem-4204	10	11	rate	rate	NOUN
dem-4204	10	12	and	and	CCONJ
dem-4204	10	13	macroeconomic	macroeconomic	ADJ
dem-4204	10	14	factors	factor	NOUN
dem-4204	10	15	for	for	ADP
dem-4204	10	16	three	three	NUM
dem-4204	10	17	scandinavian	scandinavian	NOUN
dem-4204	10	18	(	(	PUNCT
dem-4204	10	19	denmark	denmark	PROPN
dem-4204	10	20	,	,	PUNCT
dem-4204	10	21	norway	norway	PROPN
dem-4204	10	22	and	and	CCONJ
dem-4204	10	23	sweden	sweden	ADJ
dem-4204	10	24	)	)	PUNCT
dem-4204	10	25	and	and	CCONJ
dem-4204	10	26	three	three	NUM
dem-4204	10	27	cefta	cefta	ADJ
dem-4204	10	28	countries	country	NOUN
dem-4204	10	29	(	(	PUNCT
dem-4204	10	30	czech	czech	PROPN
dem-4204	10	31	republic	republic	NOUN
dem-4204	10	32	,	,	PUNCT
dem-4204	10	33	hungary	hungary	PROPN
dem-4204	10	34	and	and	CCONJ
dem-4204	10	35	poland	poland	PROPN
dem-4204	10	36	)	)	PUNCT
dem-4204	10	37	by	by	ADP
dem-4204	10	38	means	mean	NOUN
dem-4204	10	39	of	of	ADP
dem-4204	10	40	panel	panel	NOUN
dem-4204	10	41	data	datum	NOUN
dem-4204	10	42	models	model	NOUN
dem-4204	10	43	.	.	PUNCT
dem-4204	11	1	such	such	ADJ
dem-4204	11	2	set	set	NOUN
dem-4204	11	3	of	of	ADP
dem-4204	11	4	countries	country	NOUN
dem-4204	11	5	was	be	AUX
dem-4204	11	6	dorota	dorota	PROPN
dem-4204	11	7	górecka	górecka	NOUN
dem-4204	11	8	,	,	PUNCT
dem-4204	11	9	dominik	dominik	PROPN
dem-4204	11	10	śliwicki	śliwicki	PROPN
dem-4204	11	11	52	52	NUM
dem-4204	11	12	selected	select	VERB
dem-4204	11	13	in	in	ADP
dem-4204	11	14	order	order	NOUN
dem-4204	11	15	to	to	PART
dem-4204	11	16	check	check	VERB
dem-4204	11	17	if	if	SCONJ
dem-4204	11	18	some	some	DET
dem-4204	11	19	differences	difference	NOUN
dem-4204	11	20	concerning	concern	VERB
dem-4204	11	21	the	the	DET
dem-4204	11	22	exchange	exchange	NOUN
dem-4204	11	23	rate	rate	NOUN
dem-4204	11	24	modeling	modeling	NOUN
dem-4204	11	25	between	between	ADP
dem-4204	11	26	the	the	DET
dem-4204	11	27	developed	develop	VERB
dem-4204	11	28	and	and	CCONJ
dem-4204	11	29	the	the	DET
dem-4204	11	30	developing	develop	VERB
dem-4204	11	31	european	european	ADJ
dem-4204	11	32	countries	country	NOUN
dem-4204	11	33	that	that	PRON
dem-4204	11	34	have	have	AUX
dem-4204	11	35	not	not	PART
dem-4204	11	36	adopted	adopt	VERB
dem-4204	11	37	a	a	DET
dem-4204	11	38	common	common	ADJ
dem-4204	11	39	currency	currency	NOUN
dem-4204	11	40	will	will	AUX
dem-4204	11	41	occur	occur	VERB
dem-4204	11	42	.	.	PUNCT
dem-4204	12	1	2	2	X
dem-4204	12	2	.	.	X
dem-4204	12	3	purchasing	purchase	VERB
dem-4204	12	4	power	power	NOUN
dem-4204	12	5	parity	parity	NOUN
dem-4204	12	6	theory	theory	NOUN
dem-4204	12	7	and	and	CCONJ
dem-4204	12	8	the	the	DET
dem-4204	12	9	foreign	foreign	ADJ
dem-4204	12	10	exchange	exchange	NOUN
dem-4204	12	11	rate	rate	NOUN
dem-4204	12	12	of	of	ADP
dem-4204	12	13	oecd	oecd	PROPN
dem-4204	12	14	countries	country	NOUN
dem-4204	12	15	investigation	investigation	NOUN
dem-4204	12	16	concerns	concern	VERB
dem-4204	12	17	the	the	DET
dem-4204	12	18	inverse	inverse	ADJ
dem-4204	12	19	real	real	ADJ
dem-4204	12	20	exchange	exchange	NOUN
dem-4204	12	21	rate	rate	NOUN
dem-4204	12	22	of	of	ADP
dem-4204	12	23	the	the	DET
dem-4204	12	24	euro	euro	NOUN
dem-4204	12	25	in	in	ADP
dem-4204	12	26	relation	relation	NOUN
dem-4204	12	27	to	to	ADP
dem-4204	12	28	the	the	DET
dem-4204	12	29	currencies	currency	NOUN
dem-4204	12	30	of	of	ADP
dem-4204	12	31	three	three	NUM
dem-4204	12	32	scandinavian	scandinavian	ADJ
dem-4204	12	33	countries	country	NOUN
dem-4204	12	34	(	(	PUNCT
dem-4204	12	35	danish	danish	PROPN
dem-4204	12	36	krone	krone	PROPN
dem-4204	12	37	,	,	PUNCT
dem-4204	12	38	norwegian	norwegian	ADJ
dem-4204	12	39	krone	krone	NOUN
dem-4204	12	40	and	and	CCONJ
dem-4204	12	41	swedish	swedish	ADJ
dem-4204	12	42	krone	krone	PROPN
dem-4204	12	43	)	)	PUNCT
dem-4204	12	44	and	and	CCONJ
dem-4204	12	45	in	in	ADP
dem-4204	12	46	relation	relation	NOUN
dem-4204	12	47	to	to	ADP
dem-4204	12	48	the	the	DET
dem-4204	12	49	currencies	currency	NOUN
dem-4204	12	50	of	of	ADP
dem-4204	12	51	three	three	NUM
dem-4204	12	52	cefta	cefta	ADJ
dem-4204	12	53	countries	country	NOUN
dem-4204	12	54	(	(	PUNCT
dem-4204	12	55	czech	czech	PROPN
dem-4204	12	56	krone	krone	NOUN
dem-4204	12	57	,	,	PUNCT
dem-4204	12	58	polish	polish	NOUN
dem-4204	12	59	zloty	zloty	NOUN
dem-4204	12	60	,	,	PUNCT
dem-4204	12	61	hungarian	hungarian	ADJ
dem-4204	12	62	forint	forint	NOUN
dem-4204	12	63	)	)	PUNCT
dem-4204	12	64	.	.	PUNCT
dem-4204	13	1	the	the	DET
dem-4204	13	2	analysis	analysis	NOUN
dem-4204	13	3	is	be	AUX
dem-4204	13	4	based	base	VERB
dem-4204	13	5	on	on	ADP
dem-4204	13	6	the	the	DET
dem-4204	13	7	data	datum	NOUN
dem-4204	13	8	spanning	span	VERB
dem-4204	13	9	the	the	DET
dem-4204	13	10	period	period	NOUN
dem-4204	13	11	from	from	ADP
dem-4204	13	12	the	the	DET
dem-4204	13	13	first	first	ADJ
dem-4204	13	14	quarter	quarter	NOUN
dem-4204	13	15	of	of	ADP
dem-4204	13	16	1999	1999	NUM
dem-4204	13	17	to	to	ADP
dem-4204	13	18	the	the	DET
dem-4204	13	19	fourth	fourth	ADJ
dem-4204	13	20	quarter	quarter	NOUN
dem-4204	13	21	of	of	ADP
dem-4204	13	22	2008	2008	NUM
dem-4204	13	23	(	(	PUNCT
dem-4204	13	24	40	40	NUM
dem-4204	13	25	observations)1	observations)1	NOUN
dem-4204	13	26	.	.	PUNCT
dem-4204	14	1	the	the	DET
dem-4204	14	2	real	real	ADJ
dem-4204	14	3	exchange	exchange	NOUN
dem-4204	14	4	rate	rate	NOUN
dem-4204	14	5	rerdc	rerdc	PROPN
dem-4204	14	6	is	be	AUX
dem-4204	14	7	calculated	calculate	VERB
dem-4204	14	8	on	on	ADP
dem-4204	14	9	the	the	DET
dem-4204	14	10	basis	basis	NOUN
dem-4204	14	11	of	of	ADP
dem-4204	14	12	formula	formula	NOUN
dem-4204	14	13	:	:	PUNCT
dem-4204	14	14	,	,	PUNCT
dem-4204	15	1	d	d	X
dem-4204	15	2	fdc	fdc	PROPN
dem-4204	15	3	dc	dc	PROPN
dem-4204	15	4	p	p	PROPN
dem-4204	15	5	pe	pe	X
dem-4204	15	6	rer	rer	X
dem-4204	15	7	=	=	X
dem-4204	15	8	(	(	PUNCT
dem-4204	15	9	1	1	NUM
dem-4204	15	10	)	)	PUNCT
dem-4204	15	11	where	where	SCONJ
dem-4204	15	12	:	:	PUNCT
dem-4204	15	13	dce	dce	PROPN
dem-4204	15	14	represents	represent	VERB
dem-4204	15	15	a	a	DET
dem-4204	15	16	simple	simple	ADJ
dem-4204	15	17	nominal	nominal	ADJ
dem-4204	15	18	exchange	exchange	NOUN
dem-4204	15	19	rate	rate	NOUN
dem-4204	15	20	,	,	PUNCT
dem-4204	15	21	dp	dp	NOUN
dem-4204	15	22	denotes	denote	VERB
dem-4204	15	23	a	a	DET
dem-4204	15	24	domestic	domestic	ADJ
dem-4204	15	25	price	price	NOUN
dem-4204	15	26	level	level	NOUN
dem-4204	15	27	,	,	PUNCT
dem-4204	15	28	fp	fp	PROPN
dem-4204	15	29	denotes	denote	VERB
dem-4204	15	30	a	a	DET
dem-4204	15	31	foreign	foreign	ADJ
dem-4204	15	32	price	price	NOUN
dem-4204	15	33	level	level	NOUN
dem-4204	15	34	.	.	PUNCT
dem-4204	16	1	as	as	ADP
dem-4204	16	2	price	price	NOUN
dem-4204	16	3	deflators	deflator	NOUN
dem-4204	16	4	the	the	DET
dem-4204	16	5	producer	producer	NOUN
dem-4204	16	6	price	price	NOUN
dem-4204	16	7	indices	index	NOUN
dem-4204	16	8	(	(	PUNCT
dem-4204	16	9	ppi	ppi	NOUN
dem-4204	16	10	)	)	PUNCT
dem-4204	16	11	have	have	AUX
dem-4204	16	12	been	be	AUX
dem-4204	16	13	used	use	VERB
dem-4204	16	14	.	.	PUNCT
dem-4204	17	1	verification	verification	NOUN
dem-4204	17	2	of	of	ADP
dem-4204	17	3	the	the	DET
dem-4204	17	4	non	non	NOUN
dem-4204	17	5	-	-	NOUN
dem-4204	17	6	stationarity	stationarity	NOUN
dem-4204	17	7	of	of	ADP
dem-4204	17	8	the	the	DET
dem-4204	17	9	foreign	foreign	ADJ
dem-4204	17	10	exchange	exchange	NOUN
dem-4204	17	11	rates	rate	NOUN
dem-4204	17	12	has	have	AUX
dem-4204	17	13	been	be	AUX
dem-4204	17	14	performed	perform	VERB
dem-4204	17	15	on	on	ADP
dem-4204	17	16	the	the	DET
dem-4204	17	17	panel	panel	NOUN
dem-4204	17	18	data2	data2	PROPN
dem-4204	17	19	(	(	PUNCT
dem-4204	17	20	the	the	DET
dem-4204	17	21	first	first	ADJ
dem-4204	17	22	panel	panel	NOUN
dem-4204	17	23	comprised	comprise	VERB
dem-4204	17	24	scandinavian	scandinavian	ADJ
dem-4204	17	25	countries	country	NOUN
dem-4204	17	26	and	and	CCONJ
dem-4204	17	27	the	the	DET
dem-4204	17	28	second	second	ADJ
dem-4204	17	29	one	one	NUM
dem-4204	17	30	–	–	PUNCT
dem-4204	17	31	central	central	ADJ
dem-4204	17	32	and	and	CCONJ
dem-4204	17	33	eastern	eastern	ADJ
dem-4204	17	34	european	european	ADJ
dem-4204	17	35	countries	country	NOUN
dem-4204	17	36	)	)	PUNCT
dem-4204	17	37	with	with	SCONJ
dem-4204	17	38	the	the	DET
dem-4204	17	39	aid	aid	NOUN
dem-4204	17	40	of	of	ADP
dem-4204	17	41	ips	ips	PROPN
dem-4204	17	42	unit	unit	NOUN
dem-4204	17	43	root	root	PROPN
dem-4204	17	44	test	test	NOUN
dem-4204	17	45	(	(	PUNCT
dem-4204	17	46	i	i	NOUN
dem-4204	17	47	m	m	PROPN
dem-4204	17	48	,	,	PUNCT
dem-4204	17	49	pesaran	pesaran	ADJ
dem-4204	17	50	,	,	PUNCT
dem-4204	17	51	shin	shin	NOUN
dem-4204	17	52	,	,	PUNCT
dem-4204	17	53	1997	1997	NUM
dem-4204	17	54	,	,	PUNCT
dem-4204	17	55	2003	2003	NUM
dem-4204	17	56	)	)	PUNCT
dem-4204	17	57	that	that	PRON
dem-4204	17	58	has	have	VERB
dem-4204	17	59	a	a	DET
dem-4204	17	60	relatively	relatively	ADV
dem-4204	17	61	high	high	ADJ
dem-4204	17	62	power	power	NOUN
dem-4204	17	63	and	and	CCONJ
dem-4204	17	64	satisfactory	satisfactory	ADJ
dem-4204	17	65	properties	property	NOUN
dem-4204	17	66	for	for	ADP
dem-4204	17	67	short	short	ADJ
dem-4204	17	68	time	time	NOUN
dem-4204	17	69	series	series	NOUN
dem-4204	17	70	and	and	CCONJ
dem-4204	17	71	small	small	ADJ
dem-4204	17	72	number	number	NOUN
dem-4204	17	73	of	of	ADP
dem-4204	17	74	1	1	NUM
dem-4204	17	75	quarterly	quarterly	ADJ
dem-4204	17	76	data	datum	NOUN
dem-4204	17	77	are	be	AUX
dem-4204	17	78	used	use	VERB
dem-4204	17	79	because	because	SCONJ
dem-4204	17	80	the	the	DET
dem-4204	17	81	data	datum	NOUN
dem-4204	17	82	concerning	concern	VERB
dem-4204	17	83	gdp	gdp	NOUN
dem-4204	17	84	(	(	PUNCT
dem-4204	17	85	used	use	VERB
dem-4204	17	86	in	in	ADP
dem-4204	17	87	further	further	ADJ
dem-4204	17	88	analysis	analysis	NOUN
dem-4204	17	89	)	)	PUNCT
dem-4204	17	90	are	be	AUX
dem-4204	17	91	not	not	PART
dem-4204	17	92	available	available	ADJ
dem-4204	17	93	in	in	ADP
dem-4204	17	94	monthly	monthly	ADJ
dem-4204	17	95	frequency	frequency	NOUN
dem-4204	17	96	.	.	PUNCT
dem-4204	18	1	2	2	NUM
dem-4204	18	2	until	until	ADP
dem-4204	18	3	the	the	DET
dem-4204	18	4	moment	moment	NOUN
dem-4204	18	5	of	of	ADP
dem-4204	18	6	proposing	propose	VERB
dem-4204	18	7	the	the	DET
dem-4204	18	8	non	non	ADJ
dem-4204	18	9	-	-	ADJ
dem-4204	18	10	stationarity	stationarity	ADJ
dem-4204	18	11	examination	examination	NOUN
dem-4204	18	12	techniques	technique	NOUN
dem-4204	18	13	for	for	ADP
dem-4204	18	14	panels	panel	NOUN
dem-4204	18	15	the	the	DET
dem-4204	18	16	analyses	analysis	NOUN
dem-4204	18	17	of	of	ADP
dem-4204	18	18	bilateral	bilateral	ADJ
dem-4204	18	19	exchange	exchange	NOUN
dem-4204	18	20	rates	rate	NOUN
dem-4204	18	21	have	have	AUX
dem-4204	18	22	provided	provide	VERB
dem-4204	18	23	very	very	ADV
dem-4204	18	24	little	little	ADJ
dem-4204	18	25	evidence	evidence	NOUN
dem-4204	18	26	on	on	ADP
dem-4204	18	27	the	the	DET
dem-4204	18	28	ppp	ppp	NOUN
dem-4204	18	29	theory	theory	NOUN
dem-4204	18	30	.	.	PUNCT
dem-4204	19	1	for	for	ADP
dem-4204	19	2	instance	instance	NOUN
dem-4204	19	3	the	the	DET
dem-4204	19	4	literature	literature	PROPN
dem-4204	19	5	review	review	NOUN
dem-4204	19	6	made	make	VERB
dem-4204	19	7	by	by	ADP
dem-4204	19	8	edwards	edwards	PROPN
dem-4204	19	9	and	and	CCONJ
dem-4204	19	10	savastano	savastano	NOUN
dem-4204	19	11	(	(	PUNCT
dem-4204	19	12	1999	1999	NUM
dem-4204	19	13	)	)	PUNCT
dem-4204	19	14	shows	show	VERB
dem-4204	19	15	that	that	SCONJ
dem-4204	19	16	in	in	ADP
dem-4204	19	17	the	the	DET
dem-4204	19	18	case	case	NOUN
dem-4204	19	19	of	of	ADP
dem-4204	19	20	developing	develop	VERB
dem-4204	19	21	countries	country	NOUN
dem-4204	19	22	the	the	DET
dem-4204	19	23	hypothesis	hypothesis	NOUN
dem-4204	19	24	that	that	PRON
dem-4204	19	25	the	the	DET
dem-4204	19	26	real	real	ADJ
dem-4204	19	27	exchange	exchange	NOUN
dem-4204	19	28	rate	rate	NOUN
dem-4204	19	29	series	series	NOUN
dem-4204	19	30	contain	contain	VERB
dem-4204	19	31	(	(	PUNCT
dem-4204	19	32	at	at	ADP
dem-4204	19	33	least	least	ADJ
dem-4204	19	34	)	)	PUNCT
dem-4204	19	35	one	one	NUM
dem-4204	19	36	unit	unit	NOUN
dem-4204	19	37	root	root	NOUN
dem-4204	19	38	could	could	AUX
dem-4204	19	39	not	not	PART
dem-4204	19	40	be	be	AUX
dem-4204	19	41	rejected	reject	VERB
dem-4204	19	42	in	in	ADP
dem-4204	19	43	40	40	NUM
dem-4204	19	44	out	out	ADP
dem-4204	19	45	of	of	ADP
dem-4204	19	46	54	54	NUM
dem-4204	19	47	individual	individual	ADJ
dem-4204	19	48	country	country	NOUN
dem-4204	19	49	tests	test	NOUN
dem-4204	19	50	of	of	ADP
dem-4204	19	51	rer	rer	PROPN
dem-4204	19	52	stationarity	stationarity	NOUN
dem-4204	19	53	.	.	PUNCT
dem-4204	20	1	in	in	ADP
dem-4204	20	2	turn	turn	NOUN
dem-4204	20	3	,	,	PUNCT
dem-4204	20	4	in	in	ADP
dem-4204	20	5	the	the	DET
dem-4204	20	6	case	case	NOUN
dem-4204	20	7	of	of	ADP
dem-4204	20	8	the	the	DET
dem-4204	20	9	empirical	empirical	ADJ
dem-4204	20	10	study	study	NOUN
dem-4204	20	11	of	of	ADP
dem-4204	20	12	real	real	ADJ
dem-4204	20	13	effective	effective	ADJ
dem-4204	20	14	exchange	exchange	NOUN
dem-4204	20	15	rates	rate	NOUN
dem-4204	20	16	for	for	ADP
dem-4204	20	17	the	the	DET
dem-4204	20	18	51	51	NUM
dem-4204	20	19	largest	large	ADJ
dem-4204	20	20	economies	economy	NOUN
dem-4204	20	21	in	in	ADP
dem-4204	20	22	the	the	DET
dem-4204	20	23	world	world	NOUN
dem-4204	20	24	for	for	ADP
dem-4204	20	25	the	the	DET
dem-4204	20	26	1971	1971	NUM
dem-4204	20	27	-	-	SYM
dem-4204	20	28	1997	1997	NUM
dem-4204	20	29	period	period	NOUN
dem-4204	20	30	the	the	DET
dem-4204	20	31	relative	relative	ADJ
dem-4204	20	32	version	version	NOUN
dem-4204	20	33	of	of	ADP
dem-4204	20	34	the	the	DET
dem-4204	20	35	ppp	ppp	NOUN
dem-4204	20	36	theory	theory	NOUN
dem-4204	20	37	was	be	AUX
dem-4204	20	38	confirmed	confirm	VERB
dem-4204	20	39	only	only	ADV
dem-4204	20	40	for	for	ADP
dem-4204	20	41	14	14	NUM
dem-4204	20	42	countries	country	NOUN
dem-4204	20	43	at	at	ADP
dem-4204	20	44	10	10	NUM
dem-4204	20	45	%	%	NOUN
dem-4204	20	46	significance	significance	NOUN
dem-4204	20	47	level	level	NOUN
dem-4204	20	48	and	and	CCONJ
dem-4204	20	49	merely	merely	ADV
dem-4204	20	50	for	for	ADP
dem-4204	20	51	2	2	NUM
dem-4204	20	52	at	at	ADP
dem-4204	20	53	1	1	NUM
dem-4204	20	54	%	%	NOUN
dem-4204	20	55	significance	significance	NOUN
dem-4204	20	56	level	level	NOUN
dem-4204	20	57	.	.	PUNCT
dem-4204	21	1	research	research	NOUN
dem-4204	21	2	carried	carry	VERB
dem-4204	21	3	out	out	ADP
dem-4204	21	4	for	for	ADP
dem-4204	21	5	the	the	DET
dem-4204	21	6	panel	panel	NOUN
dem-4204	21	7	data	datum	NOUN
dem-4204	21	8	with	with	ADP
dem-4204	21	9	the	the	DET
dem-4204	21	10	help	help	NOUN
dem-4204	21	11	of	of	ADP
dem-4204	21	12	ips	ips	PROPN
dem-4204	21	13	test	test	NOUN
dem-4204	21	14	have	have	AUX
dem-4204	21	15	shaken	shake	VERB
dem-4204	21	16	the	the	DET
dem-4204	21	17	previous	previous	ADJ
dem-4204	21	18	conclusions	conclusion	NOUN
dem-4204	21	19	in	in	ADP
dem-4204	21	20	favor	favor	NOUN
dem-4204	21	21	of	of	ADP
dem-4204	21	22	the	the	DET
dem-4204	21	23	ppp	ppp	NOUN
dem-4204	21	24	theory	theory	NOUN
dem-4204	21	25	–	–	PUNCT
dem-4204	21	26	at	at	ADP
dem-4204	21	27	5	5	NUM
dem-4204	21	28	%	%	NOUN
dem-4204	21	29	significance	significance	NOUN
dem-4204	21	30	level	level	NOUN
dem-4204	21	31	the	the	DET
dem-4204	21	32	null	null	ADJ
dem-4204	21	33	hypothesis	hypothesis	NOUN
dem-4204	21	34	of	of	ADP
dem-4204	21	35	non	non	ADJ
dem-4204	21	36	-	-	ADJ
dem-4204	21	37	stationarity	stationarity	NOUN
dem-4204	21	38	was	be	AUX
dem-4204	21	39	rejected	reject	VERB
dem-4204	21	40	for	for	ADP
dem-4204	21	41	all	all	DET
dem-4204	21	42	51	51	NUM
dem-4204	21	43	countries	country	NOUN
dem-4204	21	44	(	(	PUNCT
dem-4204	21	45	habermeier	habermeier	ADV
dem-4204	21	46	,	,	PUNCT
dem-4204	21	47	mesquita	mesquita	PROPN
dem-4204	21	48	,	,	PUNCT
dem-4204	21	49	1999	1999	NUM
dem-4204	21	50	)	)	PUNCT
dem-4204	21	51	.	.	PUNCT
dem-4204	22	1	utilization	utilization	NOUN
dem-4204	22	2	of	of	ADP
dem-4204	22	3	the	the	DET
dem-4204	22	4	panel	panel	NOUN
dem-4204	22	5	non	non	ADJ
dem-4204	22	6	-	-	ADJ
dem-4204	22	7	stationarity	stationarity	ADJ
dem-4204	22	8	examination	examination	NOUN
dem-4204	22	9	techniques	technique	NOUN
dem-4204	22	10	enables	enable	VERB
dem-4204	22	11	data	datum	NOUN
dem-4204	22	12	range	range	NOUN
dem-4204	22	13	extension	extension	NOUN
dem-4204	22	14	by	by	ADP
dem-4204	22	15	adding	add	VERB
dem-4204	22	16	the	the	DET
dem-4204	22	17	observations	observation	NOUN
dem-4204	22	18	of	of	ADP
dem-4204	22	19	the	the	DET
dem-4204	22	20	variables	variable	NOUN
dem-4204	22	21	from	from	ADP
dem-4204	22	22	other	other	ADJ
dem-4204	22	23	states	state	NOUN
dem-4204	22	24	and	and	CCONJ
dem-4204	22	25	decreases	decrease	VERB
dem-4204	22	26	ipso	ipso	PRON
dem-4204	22	27	facto	facto	X
dem-4204	22	28	the	the	DET
dem-4204	22	29	risk	risk	NOUN
dem-4204	22	30	of	of	ADP
dem-4204	22	31	structural	structural	ADJ
dem-4204	22	32	changes	change	NOUN
dem-4204	22	33	occurring	occur	VERB
dem-4204	22	34	.	.	PUNCT
dem-4204	23	1	application	application	NOUN
dem-4204	23	2	of	of	ADP
dem-4204	23	3	panel	panel	NOUN
dem-4204	23	4	data	datum	NOUN
dem-4204	23	5	models	model	NOUN
dem-4204	23	6	to	to	PART
dem-4204	23	7	exchange	exchange	VERB
dem-4204	23	8	rates	rate	NOUN
dem-4204	23	9	’	'	PUNCT
dem-4204	23	10	modeling	modeling	NOUN
dem-4204	23	11	…	…	PUNCT
dem-4204	23	12	53	53	NUM
dem-4204	23	13	cross	cross	ADJ
dem-4204	23	14	-	-	ADJ
dem-4204	23	15	section	section	ADJ
dem-4204	23	16	data	datum	NOUN
dem-4204	23	17	as	as	ADP
dem-4204	23	18	the	the	DET
dem-4204	23	19	results	result	NOUN
dem-4204	23	20	of	of	ADP
dem-4204	23	21	separate	separate	ADJ
dem-4204	23	22	analysis	analysis	NOUN
dem-4204	23	23	of	of	ADP
dem-4204	23	24	the	the	DET
dem-4204	23	25	currency	currency	NOUN
dem-4204	23	26	exchange	exchange	NOUN
dem-4204	23	27	rate	rate	NOUN
dem-4204	23	28	for	for	ADP
dem-4204	23	29	each	each	PRON
dem-4204	23	30	of	of	ADP
dem-4204	23	31	six	six	NUM
dem-4204	23	32	investigated	investigate	VERB
dem-4204	23	33	oecd	oecd	PROPN
dem-4204	23	34	countries	country	NOUN
dem-4204	23	35	have	have	AUX
dem-4204	23	36	not	not	PART
dem-4204	23	37	provided	provide	VERB
dem-4204	23	38	much	much	ADJ
dem-4204	23	39	evidence	evidence	NOUN
dem-4204	23	40	on	on	ADP
dem-4204	23	41	the	the	DET
dem-4204	23	42	ppp	ppp	NOUN
dem-4204	23	43	theory	theory	NOUN
dem-4204	23	44	–	–	PUNCT
dem-4204	23	45	at	at	ADP
dem-4204	23	46	10	10	NUM
dem-4204	23	47	%	%	NOUN
dem-4204	23	48	significance	significance	NOUN
dem-4204	23	49	level	level	NOUN
dem-4204	23	50	there	there	PRON
dem-4204	23	51	was	be	VERB
dem-4204	23	52	no	no	DET
dem-4204	23	53	basis	basis	NOUN
dem-4204	23	54	for	for	ADP
dem-4204	23	55	rejection	rejection	NOUN
dem-4204	23	56	the	the	DET
dem-4204	23	57	null	null	ADJ
dem-4204	23	58	hypothesis	hypothesis	NOUN
dem-4204	23	59	of	of	ADP
dem-4204	23	60	non	non	ADJ
dem-4204	23	61	-	-	NOUN
dem-4204	23	62	stationarity	stationarity	NOUN
dem-4204	23	63	of	of	ADP
dem-4204	23	64	the	the	DET
dem-4204	23	65	examined	examine	VERB
dem-4204	23	66	foreign	foreign	ADJ
dem-4204	23	67	exchange	exchange	NOUN
dem-4204	23	68	rates3	rates3	PROPN
dem-4204	23	69	.	.	PUNCT
dem-4204	24	1	table	table	NOUN
dem-4204	24	2	1	1	NUM
dem-4204	24	3	.	.	PUNCT
dem-4204	25	1	the	the	DET
dem-4204	25	2	results	result	NOUN
dem-4204	25	3	of	of	ADP
dem-4204	25	4	the	the	DET
dem-4204	25	5	panel	panel	NOUN
dem-4204	25	6	stationarity	stationarity	NOUN
dem-4204	25	7	test	test	NOUN
dem-4204	25	8	(	(	PUNCT
dem-4204	25	9	1999	1999	NUM
dem-4204	25	10	1st	1st	ADJ
dem-4204	25	11	quarter	quarter	NOUN
dem-4204	25	12	–	–	PUNCT
dem-4204	25	13	2008	2008	NUM
dem-4204	25	14	4th	4th	ADJ
dem-4204	25	15	quarter	quarter	NOUN
dem-4204	25	16	)	)	PUNCT
dem-4204	25	17	countries	country	NOUN
dem-4204	25	18	deterministic	deterministic	ADJ
dem-4204	25	19	component	component	NOUN
dem-4204	25	20	lm	lm	INTJ
dem-4204	25	21	statistic	statistic	NOUN
dem-4204	25	22	p	p	NOUN
dem-4204	25	23	-	-	PUNCT
dem-4204	25	24	value	value	NOUN
dem-4204	25	25	scandinavian	scandinavian	NOUN
dem-4204	25	26	constant	constant	ADJ
dem-4204	25	27	0.104	0.104	NUM
dem-4204	25	28	0.504	0.504	NUM
dem-4204	25	29	constant	constant	ADJ
dem-4204	25	30	+	+	CCONJ
dem-4204	25	31	trend	trend	NOUN
dem-4204	25	32	0.604	0.604	NUM
dem-4204	25	33	0.727	0.727	NUM
dem-4204	25	34	central	central	ADJ
dem-4204	25	35	and	and	CCONJ
dem-4204	25	36	eastern	eastern	ADJ
dem-4204	25	37	european	european	ADJ
dem-4204	25	38	constant	constant	ADJ
dem-4204	25	39	-1.358	-1.358	PROPN
dem-4204	25	40	0.087	0.087	NUM
dem-4204	25	41	constant	constant	ADJ
dem-4204	25	42	+	+	CCONJ
dem-4204	25	43	trend	trend	NOUN
dem-4204	25	44	-0.405	-0.405	PUNCT
dem-4204	25	45	0.343	0.343	NUM
dem-4204	25	46	on	on	ADP
dem-4204	25	47	the	the	DET
dem-4204	25	48	basis	basis	NOUN
dem-4204	25	49	of	of	ADP
dem-4204	25	50	values	value	NOUN
dem-4204	25	51	of	of	ADP
dem-4204	25	52	statistics	statistic	NOUN
dem-4204	25	53	presented	present	VERB
dem-4204	25	54	in	in	ADP
dem-4204	25	55	table	table	NOUN
dem-4204	25	56	1	1	NUM
dem-4204	25	57	one	one	NUM
dem-4204	25	58	may	may	AUX
dem-4204	25	59	say	say	VERB
dem-4204	25	60	that	that	SCONJ
dem-4204	25	61	at	at	ADP
dem-4204	25	62	5	5	NUM
dem-4204	25	63	%	%	NOUN
dem-4204	25	64	significance	significance	NOUN
dem-4204	25	65	level	level	NOUN
dem-4204	25	66	there	there	PRON
dem-4204	25	67	is	be	VERB
dem-4204	25	68	no	no	DET
dem-4204	25	69	basis	basis	NOUN
dem-4204	25	70	for	for	ADP
dem-4204	25	71	rejection	rejection	NOUN
dem-4204	25	72	the	the	DET
dem-4204	25	73	null	null	ADJ
dem-4204	25	74	hypothesis	hypothesis	NOUN
dem-4204	25	75	of	of	ADP
dem-4204	25	76	nonstationarity	nonstationarity	NOUN
dem-4204	25	77	of	of	ADP
dem-4204	25	78	the	the	DET
dem-4204	25	79	investigated	investigate	VERB
dem-4204	25	80	foreign	foreign	ADJ
dem-4204	25	81	exchange	exchange	NOUN
dem-4204	25	82	rates	rate	NOUN
dem-4204	25	83	.	.	PUNCT
dem-4204	26	1	it	it	PRON
dem-4204	26	2	may	may	AUX
dem-4204	26	3	be	be	AUX
dem-4204	26	4	treated	treat	VERB
dem-4204	26	5	as	as	ADP
dem-4204	26	6	an	an	DET
dem-4204	26	7	evidence	evidence	NOUN
dem-4204	26	8	of	of	ADP
dem-4204	26	9	the	the	DET
dem-4204	26	10	fact	fact	NOUN
dem-4204	26	11	that	that	SCONJ
dem-4204	26	12	purchasing	purchase	VERB
dem-4204	26	13	power	power	NOUN
dem-4204	26	14	parity	parity	NOUN
dem-4204	26	15	theory	theory	NOUN
dem-4204	26	16	is	be	AUX
dem-4204	26	17	false	false	ADJ
dem-4204	26	18	in	in	ADP
dem-4204	26	19	the	the	DET
dem-4204	26	20	cases	case	NOUN
dem-4204	26	21	of	of	ADP
dem-4204	26	22	scandinavian	scandinavian	NOUN
dem-4204	26	23	and	and	CCONJ
dem-4204	26	24	cefta	cefta	ADJ
dem-4204	26	25	countries4	countries4	PROPN
dem-4204	26	26	.	.	PUNCT
dem-4204	27	1	in	in	ADP
dem-4204	27	2	order	order	NOUN
dem-4204	27	3	to	to	PART
dem-4204	27	4	verify	verify	VERB
dem-4204	27	5	if	if	SCONJ
dem-4204	27	6	the	the	DET
dem-4204	27	7	global	global	ADJ
dem-4204	27	8	financial	financial	ADJ
dem-4204	27	9	crisis	crisis	NOUN
dem-4204	27	10	has	have	AUX
dem-4204	27	11	contributed	contribute	VERB
dem-4204	27	12	to	to	ADP
dem-4204	27	13	the	the	DET
dem-4204	27	14	failure	failure	NOUN
dem-4204	27	15	of	of	ADP
dem-4204	27	16	the	the	DET
dem-4204	27	17	ppp	ppp	NOUN
dem-4204	27	18	hypothesis	hypothesis	NOUN
dem-4204	27	19	the	the	DET
dem-4204	27	20	analysis	analysis	NOUN
dem-4204	27	21	has	have	AUX
dem-4204	27	22	been	be	AUX
dem-4204	27	23	carried	carry	VERB
dem-4204	27	24	out	out	ADP
dem-4204	27	25	for	for	ADP
dem-4204	27	26	datasets	dataset	NOUN
dem-4204	27	27	containing	contain	VERB
dem-4204	27	28	32	32	NUM
dem-4204	27	29	and	and	CCONJ
dem-4204	27	30	36	36	NUM
dem-4204	27	31	observations	observation	NOUN
dem-4204	27	32	.	.	PUNCT
dem-4204	28	1	table	table	NOUN
dem-4204	28	2	2	2	NUM
dem-4204	28	3	.	.	PUNCT
dem-4204	29	1	the	the	DET
dem-4204	29	2	results	result	NOUN
dem-4204	29	3	of	of	ADP
dem-4204	29	4	the	the	DET
dem-4204	29	5	panel	panel	NOUN
dem-4204	29	6	stationarity	stationarity	NOUN
dem-4204	29	7	test	test	NOUN
dem-4204	29	8	(	(	PUNCT
dem-4204	29	9	1999	1999	NUM
dem-4204	29	10	1st	1st	ADJ
dem-4204	29	11	quarter	quarter	NOUN
dem-4204	29	12	–	–	PUNCT
dem-4204	29	13	2006	2006	NUM
dem-4204	29	14	4th	4th	ADJ
dem-4204	29	15	quarter	quarter	NOUN
dem-4204	29	16	)	)	PUNCT
dem-4204	29	17	countries	country	NOUN
dem-4204	29	18	deterministic	deterministic	ADJ
dem-4204	29	19	component	component	NOUN
dem-4204	29	20	lm	lm	INTJ
dem-4204	29	21	statistic	statistic	NOUN
dem-4204	29	22	p	p	NOUN
dem-4204	29	23	-	-	PUNCT
dem-4204	29	24	value	value	NOUN
dem-4204	29	25	scandinavian	scandinavian	ADJ
dem-4204	29	26	constant	constant	ADJ
dem-4204	29	27	-0.985	-0.985	NOUN
dem-4204	29	28	0.162	0.162	NUM
dem-4204	29	29	constant	constant	ADJ
dem-4204	29	30	+	+	CCONJ
dem-4204	29	31	trend	trend	NOUN
dem-4204	29	32	0.337	0.337	NUM
dem-4204	29	33	0.633	0.633	NUM
dem-4204	29	34	central	central	ADJ
dem-4204	29	35	and	and	CCONJ
dem-4204	29	36	eastern	eastern	ADJ
dem-4204	29	37	european	european	ADJ
dem-4204	29	38	constant	constant	ADJ
dem-4204	29	39	-1.253	-1.253	PUNCT
dem-4204	29	40	0.105	0.105	NUM
dem-4204	29	41	constant	constant	ADJ
dem-4204	29	42	+	+	CCONJ
dem-4204	29	43	trend	trend	NOUN
dem-4204	29	44	0.238	0.238	NUM
dem-4204	29	45	0.594	0.594	NUM
dem-4204	29	46	table	table	NOUN
dem-4204	29	47	3	3	NUM
dem-4204	29	48	.	.	PUNCT
dem-4204	30	1	the	the	DET
dem-4204	30	2	results	result	NOUN
dem-4204	30	3	of	of	ADP
dem-4204	30	4	the	the	DET
dem-4204	30	5	panel	panel	NOUN
dem-4204	30	6	stationarity	stationarity	NOUN
dem-4204	30	7	test	test	NOUN
dem-4204	30	8	(	(	PUNCT
dem-4204	30	9	1999	1999	NUM
dem-4204	30	10	1st	1st	ADJ
dem-4204	30	11	quarter	quarter	NOUN
dem-4204	30	12	–	–	PUNCT
dem-4204	30	13	2007	2007	NUM
dem-4204	30	14	4th	4th	ADJ
dem-4204	30	15	quarter	quarter	NOUN
dem-4204	30	16	)	)	PUNCT
dem-4204	30	17	countries	country	NOUN
dem-4204	30	18	deterministic	deterministic	ADJ
dem-4204	30	19	component	component	NOUN
dem-4204	30	20	lm	lm	INTJ
dem-4204	30	21	statistic	statistic	NOUN
dem-4204	30	22	p	p	NOUN
dem-4204	30	23	-	-	PUNCT
dem-4204	30	24	value	value	NOUN
dem-4204	30	25	scandinavian	scandinavian	ADJ
dem-4204	30	26	constant	constant	NOUN
dem-4204	30	27	-0.623	-0.623	NUM
dem-4204	30	28	0.267	0.267	NUM
dem-4204	30	29	constant	constant	ADJ
dem-4204	30	30	+	+	CCONJ
dem-4204	30	31	trend	trend	NOUN
dem-4204	30	32	-0.459	-0.459	NOUN
dem-4204	30	33	0.323	0.323	NUM
dem-4204	30	34	central	central	ADJ
dem-4204	30	35	and	and	CCONJ
dem-4204	30	36	eastern	eastern	ADJ
dem-4204	30	37	european	european	ADJ
dem-4204	30	38	constant	constant	ADJ
dem-4204	30	39	-1.459	-1.459	NOUN
dem-4204	30	40	0.072	0.072	NUM
dem-4204	30	41	constant	constant	ADJ
dem-4204	30	42	+	+	CCONJ
dem-4204	30	43	trend	trend	NOUN
dem-4204	30	44	-0.010	-0.010	NUM
dem-4204	30	45	0.496	0.496	NUM
dem-4204	30	46	3	3	NUM
dem-4204	30	47	analysis	analysis	NOUN
dem-4204	30	48	has	have	AUX
dem-4204	30	49	been	be	AUX
dem-4204	30	50	also	also	ADV
dem-4204	30	51	performed	perform	VERB
dem-4204	30	52	for	for	ADP
dem-4204	30	53	monthly	monthly	ADJ
dem-4204	30	54	data	datum	NOUN
dem-4204	30	55	and	and	CCONJ
dem-4204	30	56	it	it	PRON
dem-4204	30	57	has	have	AUX
dem-4204	30	58	not	not	PART
dem-4204	30	59	provided	provide	VERB
dem-4204	30	60	much	much	ADJ
dem-4204	30	61	support	support	NOUN
dem-4204	30	62	for	for	ADP
dem-4204	30	63	the	the	DET
dem-4204	30	64	ppp	ppp	NOUN
dem-4204	30	65	theory	theory	NOUN
dem-4204	30	66	–	–	PUNCT
dem-4204	30	67	the	the	DET
dem-4204	30	68	null	null	ADJ
dem-4204	30	69	hypothesis	hypothesis	NOUN
dem-4204	30	70	of	of	ADP
dem-4204	30	71	non	non	ADJ
dem-4204	30	72	-	-	ADJ
dem-4204	30	73	stationarity	stationarity	NOUN
dem-4204	30	74	was	be	AUX
dem-4204	30	75	rejected	reject	VERB
dem-4204	30	76	only	only	ADV
dem-4204	30	77	in	in	ADP
dem-4204	30	78	the	the	DET
dem-4204	30	79	case	case	NOUN
dem-4204	30	80	of	of	ADP
dem-4204	30	81	hungarian	hungarian	ADJ
dem-4204	30	82	forint	forint	ADJ
dem-4204	30	83	exchange	exchange	NOUN
dem-4204	30	84	rate	rate	NOUN
dem-4204	30	85	(	(	PUNCT
dem-4204	30	86	at	at	ADP
dem-4204	30	87	1	1	NUM
dem-4204	30	88	%	%	NOUN
dem-4204	30	89	significance	significance	NOUN
dem-4204	30	90	level	level	NOUN
dem-4204	30	91	)	)	PUNCT
dem-4204	30	92	.	.	PUNCT
dem-4204	31	1	in	in	ADP
dem-4204	31	2	the	the	DET
dem-4204	31	3	case	case	NOUN
dem-4204	31	4	of	of	ADP
dem-4204	31	5	the	the	DET
dem-4204	31	6	monthly	monthly	ADJ
dem-4204	31	7	and	and	CCONJ
dem-4204	31	8	quarterly	quarterly	ADJ
dem-4204	31	9	data	datum	NOUN
dem-4204	31	10	concerning	concern	VERB
dem-4204	31	11	the	the	DET
dem-4204	31	12	inverse	inverse	ADJ
dem-4204	31	13	real	real	ADJ
dem-4204	31	14	exchange	exchange	NOUN
dem-4204	31	15	rate	rate	NOUN
dem-4204	31	16	of	of	ADP
dem-4204	31	17	the	the	DET
dem-4204	31	18	u.s	u.s	PROPN
dem-4204	31	19	.	.	PROPN
dem-4204	31	20	dollar	dollar	NOUN
dem-4204	31	21	in	in	ADP
dem-4204	31	22	relation	relation	NOUN
dem-4204	31	23	to	to	ADP
dem-4204	31	24	the	the	DET
dem-4204	31	25	currencies	currency	NOUN
dem-4204	31	26	of	of	ADP
dem-4204	31	27	six	six	NUM
dem-4204	31	28	investigated	investigate	VERB
dem-4204	31	29	oecd	oecd	PROPN
dem-4204	31	30	countries	country	NOUN
dem-4204	31	31	the	the	DET
dem-4204	31	32	null	null	ADJ
dem-4204	31	33	hypothesis	hypothesis	NOUN
dem-4204	31	34	was	be	AUX
dem-4204	31	35	not	not	PART
dem-4204	31	36	rejected	reject	VERB
dem-4204	31	37	(	(	PUNCT
dem-4204	31	38	at	at	ADP
dem-4204	31	39	10	10	NUM
dem-4204	31	40	%	%	NOUN
dem-4204	31	41	significance	significance	NOUN
dem-4204	31	42	level	level	NOUN
dem-4204	31	43	)	)	PUNCT
dem-4204	31	44	even	even	ADV
dem-4204	31	45	once	once	ADV
dem-4204	31	46	.	.	PUNCT
dem-4204	32	1	4	4	NUM
dem-4204	32	2	empirical	empirical	ADJ
dem-4204	32	3	research	research	NOUN
dem-4204	32	4	with	with	ADP
dem-4204	32	5	the	the	DET
dem-4204	32	6	help	help	NOUN
dem-4204	32	7	of	of	ADP
dem-4204	32	8	the	the	DET
dem-4204	32	9	ips	ips	PROPN
dem-4204	32	10	test	test	NOUN
dem-4204	32	11	has	have	AUX
dem-4204	32	12	been	be	AUX
dem-4204	32	13	also	also	ADV
dem-4204	32	14	carried	carry	VERB
dem-4204	32	15	out	out	ADP
dem-4204	32	16	for	for	ADP
dem-4204	32	17	monthly	monthly	ADJ
dem-4204	32	18	data	datum	NOUN
dem-4204	32	19	concerning	concern	VERB
dem-4204	32	20	the	the	DET
dem-4204	32	21	inverse	inverse	ADJ
dem-4204	32	22	real	real	ADJ
dem-4204	32	23	exchange	exchange	NOUN
dem-4204	32	24	rate	rate	NOUN
dem-4204	32	25	of	of	ADP
dem-4204	32	26	the	the	DET
dem-4204	32	27	euro	euro	NOUN
dem-4204	32	28	and	and	CCONJ
dem-4204	32	29	for	for	ADP
dem-4204	32	30	monthly	monthly	ADJ
dem-4204	32	31	and	and	CCONJ
dem-4204	32	32	quarterly	quarterly	ADJ
dem-4204	32	33	data	datum	NOUN
dem-4204	32	34	concerning	concern	VERB
dem-4204	32	35	the	the	DET
dem-4204	32	36	inverse	inverse	ADJ
dem-4204	32	37	real	real	ADJ
dem-4204	32	38	exchange	exchange	NOUN
dem-4204	32	39	rate	rate	NOUN
dem-4204	32	40	of	of	ADP
dem-4204	32	41	the	the	DET
dem-4204	32	42	u.s	u.s	PROPN
dem-4204	32	43	.	.	PROPN
dem-4204	32	44	dollar	dollar	NOUN
dem-4204	32	45	in	in	ADP
dem-4204	32	46	relation	relation	NOUN
dem-4204	32	47	to	to	ADP
dem-4204	32	48	the	the	DET
dem-4204	32	49	currencies	currency	NOUN
dem-4204	32	50	of	of	ADP
dem-4204	32	51	six	six	NUM
dem-4204	32	52	examined	examine	VERB
dem-4204	32	53	oecd	oecd	PROPN
dem-4204	32	54	countries	country	NOUN
dem-4204	32	55	.	.	PUNCT
dem-4204	33	1	the	the	DET
dem-4204	33	2	ppp	ppp	PROPN
dem-4204	33	3	theory	theory	NOUN
dem-4204	33	4	has	have	AUX
dem-4204	33	5	not	not	PART
dem-4204	33	6	received	receive	VERB
dem-4204	33	7	much	much	ADJ
dem-4204	33	8	support	support	NOUN
dem-4204	33	9	from	from	ADP
dem-4204	33	10	these	these	DET
dem-4204	33	11	studies	study	NOUN
dem-4204	33	12	as	as	ADP
dem-4204	33	13	at	at	ADP
dem-4204	33	14	5	5	NUM
dem-4204	33	15	%	%	NOUN
dem-4204	33	16	significance	significance	NOUN
dem-4204	33	17	level	level	NOUN
dem-4204	33	18	the	the	DET
dem-4204	33	19	null	null	ADJ
dem-4204	33	20	hypothesis	hypothesis	NOUN
dem-4204	33	21	of	of	ADP
dem-4204	33	22	non	non	ADJ
dem-4204	33	23	-	-	ADJ
dem-4204	33	24	stationarity	stationarity	NOUN
dem-4204	33	25	was	be	AUX
dem-4204	33	26	rejected	reject	VERB
dem-4204	33	27	only	only	ADV
dem-4204	33	28	once	once	ADV
dem-4204	33	29	(	(	PUNCT
dem-4204	33	30	in	in	ADP
dem-4204	33	31	the	the	DET
dem-4204	33	32	case	case	NOUN
dem-4204	33	33	of	of	ADP
dem-4204	33	34	monthly	monthly	ADJ
dem-4204	33	35	exchange	exchange	NOUN
dem-4204	33	36	rates	rate	NOUN
dem-4204	33	37	of	of	ADP
dem-4204	33	38	central	central	ADJ
dem-4204	33	39	and	and	CCONJ
dem-4204	33	40	eastern	eastern	ADJ
dem-4204	33	41	european	european	ADJ
dem-4204	33	42	countries	country	NOUN
dem-4204	33	43	against	against	ADP
dem-4204	33	44	the	the	DET
dem-4204	33	45	euro	euro	NOUN
dem-4204	33	46	)	)	PUNCT
dem-4204	33	47	.	.	PUNCT
dem-4204	34	1	dorota	dorota	PROPN
dem-4204	34	2	górecka	górecka	PROPN
dem-4204	34	3	,	,	PUNCT
dem-4204	34	4	dominik	dominik	PROPN
dem-4204	34	5	śliwicki	śliwicki	PROPN
dem-4204	34	6	54	54	NUM
dem-4204	34	7	on	on	ADP
dem-4204	34	8	the	the	DET
dem-4204	34	9	basis	basis	NOUN
dem-4204	34	10	of	of	ADP
dem-4204	34	11	values	value	NOUN
dem-4204	34	12	of	of	ADP
dem-4204	34	13	the	the	DET
dem-4204	34	14	statistics	statistic	NOUN
dem-4204	34	15	presented	present	VERB
dem-4204	34	16	in	in	ADP
dem-4204	34	17	tables	table	NOUN
dem-4204	34	18	2	2	NUM
dem-4204	34	19	and	and	CCONJ
dem-4204	34	20	3	3	NUM
dem-4204	34	21	one	one	NUM
dem-4204	34	22	may	may	AUX
dem-4204	34	23	say	say	VERB
dem-4204	34	24	that	that	SCONJ
dem-4204	34	25	the	the	DET
dem-4204	34	26	structural	structural	ADJ
dem-4204	34	27	change	change	NOUN
dem-4204	34	28	that	that	PRON
dem-4204	34	29	occurred	occur	VERB
dem-4204	34	30	at	at	ADP
dem-4204	34	31	the	the	DET
dem-4204	34	32	end	end	NOUN
dem-4204	34	33	of	of	ADP
dem-4204	34	34	the	the	DET
dem-4204	34	35	time	time	NOUN
dem-4204	34	36	series	series	PROPN
dem-4204	34	37	had	have	VERB
dem-4204	34	38	no	no	DET
dem-4204	34	39	influence	influence	NOUN
dem-4204	34	40	on	on	ADP
dem-4204	34	41	the	the	DET
dem-4204	34	42	results	result	NOUN
dem-4204	34	43	of	of	ADP
dem-4204	34	44	the	the	DET
dem-4204	34	45	research	research	NOUN
dem-4204	34	46	at	at	ADP
dem-4204	34	47	5	5	NUM
dem-4204	34	48	%	%	NOUN
dem-4204	34	49	significance	significance	NOUN
dem-4204	34	50	level	level	NOUN
dem-4204	34	51	there	there	PRON
dem-4204	34	52	is	be	VERB
dem-4204	34	53	no	no	DET
dem-4204	34	54	basis	basis	NOUN
dem-4204	34	55	for	for	ADP
dem-4204	34	56	rejection	rejection	NOUN
dem-4204	34	57	the	the	DET
dem-4204	34	58	null	null	ADJ
dem-4204	34	59	hypothesis	hypothesis	NOUN
dem-4204	34	60	of	of	ADP
dem-4204	34	61	non	non	ADJ
dem-4204	34	62	-	-	NOUN
dem-4204	34	63	stationarity	stationarity	NOUN
dem-4204	34	64	of	of	ADP
dem-4204	34	65	the	the	DET
dem-4204	34	66	investigated	investigate	VERB
dem-4204	34	67	foreign	foreign	ADJ
dem-4204	34	68	exchange	exchange	NOUN
dem-4204	34	69	rates	rate	NOUN
dem-4204	34	70	.	.	PUNCT
dem-4204	35	1	3	3	X
dem-4204	35	2	.	.	X
dem-4204	35	3	reasons	reason	NOUN
dem-4204	35	4	of	of	ADP
dem-4204	35	5	the	the	DET
dem-4204	35	6	exchange	exchange	NOUN
dem-4204	35	7	rate	rate	NOUN
dem-4204	35	8	volatility	volatility	NOUN
dem-4204	35	9	in	in	ADP
dem-4204	35	10	connection	connection	NOUN
dem-4204	35	11	with	with	ADP
dem-4204	35	12	the	the	DET
dem-4204	35	13	conclusion	conclusion	NOUN
dem-4204	35	14	presented	present	VERB
dem-4204	35	15	in	in	ADP
dem-4204	35	16	the	the	DET
dem-4204	35	17	previous	previous	ADJ
dem-4204	35	18	part	part	NOUN
dem-4204	35	19	of	of	ADP
dem-4204	35	20	this	this	DET
dem-4204	35	21	article	article	NOUN
dem-4204	35	22	the	the	DET
dem-4204	35	23	question	question	NOUN
dem-4204	35	24	of	of	ADP
dem-4204	35	25	the	the	DET
dem-4204	35	26	reasons	reason	NOUN
dem-4204	35	27	of	of	ADP
dem-4204	35	28	the	the	DET
dem-4204	35	29	exchange	exchange	NOUN
dem-4204	35	30	rate	rate	NOUN
dem-4204	35	31	deviations	deviation	NOUN
dem-4204	35	32	from	from	ADP
dem-4204	35	33	the	the	DET
dem-4204	35	34	ppp	ppp	NOUN
dem-4204	35	35	should	should	AUX
dem-4204	35	36	be	be	AUX
dem-4204	35	37	raised	raise	VERB
dem-4204	35	38	.	.	PUNCT
dem-4204	36	1	one	one	NUM
dem-4204	36	2	of	of	ADP
dem-4204	36	3	the	the	DET
dem-4204	36	4	most	most	ADV
dem-4204	36	5	known	know	VERB
dem-4204	36	6	conceptions	conception	NOUN
dem-4204	36	7	explaining	explain	VERB
dem-4204	36	8	behavior	behavior	NOUN
dem-4204	36	9	of	of	ADP
dem-4204	36	10	the	the	DET
dem-4204	36	11	real	real	ADJ
dem-4204	36	12	exchange	exchange	NOUN
dem-4204	36	13	rates	rate	NOUN
dem-4204	36	14	in	in	ADP
dem-4204	36	15	the	the	DET
dem-4204	36	16	long	long	ADV
dem-4204	36	17	-	-	PUNCT
dem-4204	36	18	run	run	NOUN
dem-4204	36	19	is	be	AUX
dem-4204	36	20	so	so	ADV
dem-4204	36	21	-	-	PUNCT
dem-4204	36	22	called	call	VERB
dem-4204	36	23	balassa	balassa	NOUN
dem-4204	36	24	-	-	PUNCT
dem-4204	36	25	samuelson	samuelson	NOUN
dem-4204	36	26	effect	effect	NOUN
dem-4204	36	27	(	(	PUNCT
dem-4204	36	28	balassa	balassa	NOUN
dem-4204	36	29	,	,	PUNCT
dem-4204	36	30	1964	1964	NUM
dem-4204	36	31	)	)	PUNCT
dem-4204	36	32	.	.	PUNCT
dem-4204	37	1	the	the	DET
dem-4204	37	2	essence	essence	NOUN
dem-4204	37	3	of	of	ADP
dem-4204	37	4	the	the	DET
dem-4204	37	5	b	b	PROPN
dem-4204	37	6	-	-	PUNCT
dem-4204	37	7	s	s	PART
dem-4204	37	8	effect	effect	NOUN
dem-4204	37	9	is	be	AUX
dem-4204	37	10	that	that	SCONJ
dem-4204	37	11	the	the	DET
dem-4204	37	12	increase	increase	NOUN
dem-4204	37	13	of	of	ADP
dem-4204	37	14	the	the	DET
dem-4204	37	15	productivity	productivity	NOUN
dem-4204	37	16	in	in	ADP
dem-4204	37	17	the	the	DET
dem-4204	37	18	tradable	tradable	ADJ
dem-4204	37	19	goods	good	NOUN
dem-4204	37	20	sector	sector	NOUN
dem-4204	37	21	causes	cause	VERB
dem-4204	37	22	inflation	inflation	NOUN
dem-4204	37	23	in	in	ADP
dem-4204	37	24	the	the	DET
dem-4204	37	25	non	non	ADJ
dem-4204	37	26	-	-	ADJ
dem-4204	37	27	tradable	tradable	ADJ
dem-4204	37	28	goods	good	NOUN
dem-4204	37	29	sector	sector	NOUN
dem-4204	37	30	and	and	CCONJ
dem-4204	37	31	raises	raise	VERB
dem-4204	37	32	ipso	ipso	ADJ
dem-4204	37	33	facto	facto	X
dem-4204	37	34	overall	overall	ADJ
dem-4204	37	35	price	price	NOUN
dem-4204	37	36	index	index	NOUN
dem-4204	37	37	,	,	PUNCT
dem-4204	37	38	which	which	PRON
dem-4204	37	39	–	–	PUNCT
dem-4204	37	40	in	in	ADP
dem-4204	37	41	turn	turn	NOUN
dem-4204	37	42	–	–	PUNCT
dem-4204	37	43	leads	lead	VERB
dem-4204	37	44	to	to	ADP
dem-4204	37	45	an	an	DET
dem-4204	37	46	appreciation	appreciation	NOUN
dem-4204	37	47	of	of	ADP
dem-4204	37	48	the	the	DET
dem-4204	37	49	real	real	ADJ
dem-4204	37	50	exchange	exchange	NOUN
dem-4204	37	51	rate	rate	NOUN
dem-4204	37	52	.	.	PUNCT
dem-4204	38	1	the	the	DET
dem-4204	38	2	b	b	X
dem-4204	38	3	-	-	PUNCT
dem-4204	38	4	s	s	NOUN
dem-4204	38	5	hypothesis	hypothesis	NOUN
dem-4204	38	6	concerns	concern	VERB
dem-4204	38	7	the	the	DET
dem-4204	38	8	catching	catch	VERB
dem-4204	38	9	-	-	PUNCT
dem-4204	38	10	up	up	ADP
dem-4204	38	11	economies	economy	NOUN
dem-4204	38	12	,	,	PUNCT
dem-4204	38	13	including	include	VERB
dem-4204	38	14	transition	transition	NOUN
dem-4204	38	15	countries	country	NOUN
dem-4204	38	16	entering	enter	VERB
dem-4204	38	17	the	the	DET
dem-4204	38	18	european	european	PROPN
dem-4204	38	19	union	union	PROPN
dem-4204	38	20	.	.	PUNCT
dem-4204	39	1	the	the	DET
dem-4204	39	2	phenomenon	phenomenon	NOUN
dem-4204	39	3	occurring	occur	VERB
dem-4204	39	4	has	have	AUX
dem-4204	39	5	been	be	AUX
dem-4204	39	6	confirmed	confirm	VERB
dem-4204	39	7	in	in	ADP
dem-4204	39	8	many	many	ADJ
dem-4204	39	9	researches	research	NOUN
dem-4204	39	10	(	(	PUNCT
dem-4204	39	11	rogoff	rogoff	NOUN
dem-4204	39	12	,	,	PUNCT
dem-4204	39	13	1996	1996	NUM
dem-4204	39	14	)	)	PUNCT
dem-4204	39	15	,	,	PUNCT
dem-4204	39	16	in	in	ADP
dem-4204	39	17	which	which	PRON
dem-4204	39	18	the	the	DET
dem-4204	39	19	significant	significant	ADJ
dem-4204	39	20	positive	positive	ADJ
dem-4204	39	21	influence	influence	NOUN
dem-4204	39	22	of	of	ADP
dem-4204	39	23	the	the	DET
dem-4204	39	24	economic	economic	ADJ
dem-4204	39	25	growth	growth	NOUN
dem-4204	39	26	on	on	ADP
dem-4204	39	27	the	the	DET
dem-4204	39	28	real	real	ADJ
dem-4204	39	29	exchange	exchange	NOUN
dem-4204	39	30	rate	rate	NOUN
dem-4204	39	31	has	have	AUX
dem-4204	39	32	been	be	AUX
dem-4204	39	33	demonstrated	demonstrate	VERB
dem-4204	39	34	.	.	PUNCT
dem-4204	40	1	another	another	DET
dem-4204	40	2	potential	potential	ADJ
dem-4204	40	3	exchange	exchange	NOUN
dem-4204	40	4	rate	rate	NOUN
dem-4204	40	5	determinant	determinant	ADJ
dem-4204	40	6	is	be	AUX
dem-4204	40	7	government	government	NOUN
dem-4204	40	8	expenditure	expenditure	NOUN
dem-4204	40	9	.	.	PUNCT
dem-4204	41	1	it	it	PRON
dem-4204	41	2	moves	move	VERB
dem-4204	41	3	the	the	DET
dem-4204	41	4	internal	internal	ADJ
dem-4204	41	5	demand	demand	NOUN
dem-4204	41	6	towards	towards	ADP
dem-4204	41	7	the	the	DET
dem-4204	41	8	non	non	ADJ
dem-4204	41	9	-	-	ADJ
dem-4204	41	10	tradable	tradable	ADJ
dem-4204	41	11	items	item	NOUN
dem-4204	41	12	causing	cause	VERB
dem-4204	41	13	the	the	DET
dem-4204	41	14	increase	increase	NOUN
dem-4204	41	15	of	of	ADP
dem-4204	41	16	their	their	PRON
dem-4204	41	17	prices	price	NOUN
dem-4204	41	18	and	and	CCONJ
dem-4204	41	19	the	the	DET
dem-4204	41	20	real	real	ADJ
dem-4204	41	21	exchange	exchange	NOUN
dem-4204	41	22	rate	rate	NOUN
dem-4204	41	23	appreciation	appreciation	NOUN
dem-4204	41	24	(	(	PUNCT
dem-4204	41	25	habermeier	habermeier	ADV
dem-4204	41	26	,	,	PUNCT
dem-4204	41	27	mesquita	mesquita	PROPN
dem-4204	41	28	,	,	PUNCT
dem-4204	41	29	1999	1999	NUM
dem-4204	41	30	)	)	PUNCT
dem-4204	41	31	.	.	PUNCT
dem-4204	42	1	a	a	DET
dem-4204	42	2	different	different	ADJ
dem-4204	42	3	factor	factor	NOUN
dem-4204	42	4	influencing	influence	VERB
dem-4204	42	5	the	the	DET
dem-4204	42	6	real	real	ADJ
dem-4204	42	7	exchange	exchange	NOUN
dem-4204	42	8	rate	rate	NOUN
dem-4204	42	9	is	be	AUX
dem-4204	42	10	terms	term	NOUN
dem-4204	42	11	of	of	ADP
dem-4204	42	12	trade	trade	NOUN
dem-4204	42	13	defined	define	VERB
dem-4204	42	14	as	as	ADP
dem-4204	42	15	a	a	DET
dem-4204	42	16	ratio	ratio	NOUN
dem-4204	42	17	between	between	ADP
dem-4204	42	18	export	export	NOUN
dem-4204	42	19	and	and	CCONJ
dem-4204	42	20	import	import	NOUN
dem-4204	42	21	prices	price	NOUN
dem-4204	42	22	.	.	PUNCT
dem-4204	43	1	the	the	DET
dem-4204	43	2	rise	rise	NOUN
dem-4204	43	3	of	of	ADP
dem-4204	43	4	this	this	DET
dem-4204	43	5	index	index	NOUN
dem-4204	43	6	value	value	NOUN
dem-4204	43	7	(	(	PUNCT
dem-4204	43	8	caused	cause	VERB
dem-4204	43	9	either	either	CCONJ
dem-4204	43	10	by	by	ADP
dem-4204	43	11	the	the	DET
dem-4204	43	12	increase	increase	NOUN
dem-4204	43	13	of	of	ADP
dem-4204	43	14	the	the	DET
dem-4204	43	15	export	export	NOUN
dem-4204	43	16	prices	price	NOUN
dem-4204	43	17	or	or	CCONJ
dem-4204	43	18	by	by	ADP
dem-4204	43	19	the	the	DET
dem-4204	43	20	decrease	decrease	NOUN
dem-4204	43	21	of	of	ADP
dem-4204	43	22	the	the	DET
dem-4204	43	23	import	import	NOUN
dem-4204	43	24	prices	price	NOUN
dem-4204	43	25	)	)	PUNCT
dem-4204	43	26	means	mean	VERB
dem-4204	43	27	a	a	DET
dem-4204	43	28	decline	decline	NOUN
dem-4204	43	29	of	of	ADP
dem-4204	43	30	the	the	DET
dem-4204	43	31	domestic	domestic	ADJ
dem-4204	43	32	products	product	NOUN
dem-4204	43	33	competitiveness	competitiveness	NOUN
dem-4204	43	34	and	and	CCONJ
dem-4204	43	35	leads	lead	VERB
dem-4204	43	36	to	to	ADP
dem-4204	43	37	a	a	DET
dem-4204	43	38	depreciation	depreciation	NOUN
dem-4204	43	39	of	of	ADP
dem-4204	43	40	the	the	DET
dem-4204	43	41	exchange	exchange	NOUN
dem-4204	43	42	rate	rate	NOUN
dem-4204	43	43	(	(	PUNCT
dem-4204	43	44	baffes	baffe	NOUN
dem-4204	43	45	,	,	PUNCT
dem-4204	43	46	elbadawi	elbadawi	ADJ
dem-4204	43	47	,	,	PUNCT
dem-4204	43	48	o’connell	o’connell	ADJ
dem-4204	43	49	,	,	PUNCT
dem-4204	43	50	1997	1997	NUM
dem-4204	43	51	;	;	PUNCT
dem-4204	43	52	habermeier	habermeier	ADV
dem-4204	43	53	,	,	PUNCT
dem-4204	43	54	mesquita	mesquita	PROPN
dem-4204	43	55	,	,	PUNCT
dem-4204	43	56	1999	1999	NUM
dem-4204	43	57	)	)	PUNCT
dem-4204	43	58	.	.	PUNCT
dem-4204	44	1	the	the	DET
dem-4204	44	2	real	real	ADJ
dem-4204	44	3	exchange	exchange	NOUN
dem-4204	44	4	rate	rate	NOUN
dem-4204	44	5	changes	change	NOUN
dem-4204	44	6	may	may	AUX
dem-4204	44	7	be	be	AUX
dem-4204	44	8	also	also	ADV
dem-4204	44	9	explained	explain	VERB
dem-4204	44	10	by	by	ADP
dem-4204	44	11	the	the	DET
dem-4204	44	12	behavior	behavior	NOUN
dem-4204	44	13	of	of	ADP
dem-4204	44	14	the	the	DET
dem-4204	44	15	real	real	ADJ
dem-4204	44	16	interest	interest	NOUN
dem-4204	44	17	rate	rate	NOUN
dem-4204	44	18	.	.	PUNCT
dem-4204	45	1	relatively	relatively	ADV
dem-4204	45	2	higher	high	ADJ
dem-4204	45	3	national	national	ADJ
dem-4204	45	4	rate	rate	NOUN
dem-4204	45	5	of	of	ADP
dem-4204	45	6	interest	interest	NOUN
dem-4204	45	7	,	,	PUNCT
dem-4204	45	8	boosting	boost	VERB
dem-4204	45	9	the	the	DET
dem-4204	45	10	foreign	foreign	ADJ
dem-4204	45	11	currency	currency	NOUN
dem-4204	45	12	supply	supply	NOUN
dem-4204	45	13	,	,	PUNCT
dem-4204	45	14	contributes	contribute	VERB
dem-4204	45	15	to	to	ADP
dem-4204	45	16	the	the	DET
dem-4204	45	17	drop	drop	NOUN
dem-4204	45	18	of	of	ADP
dem-4204	45	19	the	the	DET
dem-4204	45	20	national	national	ADJ
dem-4204	45	21	currency	currency	NOUN
dem-4204	45	22	rate	rate	NOUN
dem-4204	45	23	,	,	PUNCT
dem-4204	45	24	that	that	PRON
dem-4204	45	25	is	be	AUX
dem-4204	45	26	its	its	PRON
dem-4204	45	27	appreciation	appreciation	NOUN
dem-4204	45	28	(	(	PUNCT
dem-4204	45	29	brook	brook	NOUN
dem-4204	45	30	,	,	PUNCT
dem-4204	45	31	hagreaves	hagreave	NOUN
dem-4204	45	32	,	,	PUNCT
dem-4204	45	33	2001	2001	NUM
dem-4204	45	34	;	;	PUNCT
dem-4204	45	35	chortareas	chortarea	NOUN
dem-4204	45	36	,	,	PUNCT
dem-4204	45	37	driver	driver	NOUN
dem-4204	45	38	,	,	PUNCT
dem-4204	45	39	2001	2001	NUM
dem-4204	45	40	)	)	PUNCT
dem-4204	45	41	.	.	PUNCT
dem-4204	46	1	application	application	NOUN
dem-4204	46	2	of	of	ADP
dem-4204	46	3	panel	panel	NOUN
dem-4204	46	4	data	datum	NOUN
dem-4204	46	5	models	model	NOUN
dem-4204	46	6	to	to	PART
dem-4204	46	7	exchange	exchange	VERB
dem-4204	46	8	rates	rate	NOUN
dem-4204	46	9	’	'	PUNCT
dem-4204	46	10	modeling	modeling	NOUN
dem-4204	46	11	…	…	PUNCT
dem-4204	46	12	55	55	NUM
dem-4204	46	13	4	4	NUM
dem-4204	46	14	.	.	PUNCT
dem-4204	47	1	panel	panel	NOUN
dem-4204	47	2	data	datum	NOUN
dem-4204	47	3	models	model	NOUN
dem-4204	47	4	for	for	ADP
dem-4204	47	5	the	the	DET
dem-4204	47	6	real	real	ADJ
dem-4204	47	7	exchange	exchange	NOUN
dem-4204	47	8	rates	rate	NOUN
dem-4204	47	9	of	of	ADP
dem-4204	47	10	the	the	DET
dem-4204	47	11	oecd	oecd	PROPN
dem-4204	47	12	countries	country	NOUN
dem-4204	47	13	below	below	ADP
dem-4204	47	14	two	two	NUM
dem-4204	47	15	panel	panel	NOUN
dem-4204	47	16	data	data	NOUN
dem-4204	47	17	models	model	NOUN
dem-4204	47	18	will	will	AUX
dem-4204	47	19	be	be	AUX
dem-4204	47	20	presented5	presented5	PROPN
dem-4204	47	21	.	.	PUNCT
dem-4204	48	1	the	the	DET
dem-4204	48	2	first	first	ADJ
dem-4204	48	3	of	of	ADP
dem-4204	48	4	them	they	PRON
dem-4204	48	5	concerns	concern	VERB
dem-4204	48	6	scandinavian	scandinavian	ADJ
dem-4204	48	7	countries	country	NOUN
dem-4204	48	8	(	(	PUNCT
dem-4204	48	9	denmark	denmark	PROPN
dem-4204	48	10	,	,	PUNCT
dem-4204	48	11	norway	norway	PROPN
dem-4204	48	12	and	and	CCONJ
dem-4204	48	13	sweden	sweden	ADJ
dem-4204	48	14	)	)	PUNCT
dem-4204	48	15	and	and	CCONJ
dem-4204	48	16	the	the	DET
dem-4204	48	17	second	second	ADJ
dem-4204	48	18	one	one	NUM
dem-4204	48	19	–	–	PUNCT
dem-4204	48	20	central	central	ADJ
dem-4204	48	21	and	and	CCONJ
dem-4204	48	22	eastern	eastern	ADJ
dem-4204	48	23	european	european	ADJ
dem-4204	48	24	countries	country	NOUN
dem-4204	48	25	(	(	PUNCT
dem-4204	48	26	czech	czech	PROPN
dem-4204	48	27	republic	republic	NOUN
dem-4204	48	28	,	,	PUNCT
dem-4204	48	29	hungary	hungary	PROPN
dem-4204	48	30	and	and	CCONJ
dem-4204	48	31	poland	poland	PROPN
dem-4204	48	32	)	)	PUNCT
dem-4204	48	33	.	.	PUNCT
dem-4204	49	1	in	in	ADP
dem-4204	49	2	both	both	DET
dem-4204	49	3	cases	case	NOUN
dem-4204	49	4	an	an	DET
dem-4204	49	5	explained	explain	VERB
dem-4204	49	6	variable	variable	NOUN
dem-4204	49	7	is	be	AUX
dem-4204	49	8	the	the	DET
dem-4204	49	9	real	real	ADJ
dem-4204	49	10	exchange	exchange	NOUN
dem-4204	49	11	rate	rate	NOUN
dem-4204	49	12	of	of	ADP
dem-4204	49	13	the	the	DET
dem-4204	49	14	examined	examine	VERB
dem-4204	49	15	countries	country	NOUN
dem-4204	49	16	against	against	ADP
dem-4204	49	17	the	the	DET
dem-4204	49	18	euro	euro	NOUN
dem-4204	49	19	(	(	PUNCT
dem-4204	49	20	the	the	DET
dem-4204	49	21	nominal	nominal	ADJ
dem-4204	49	22	rate	rate	NOUN
dem-4204	49	23	deflated	deflate	VERB
dem-4204	49	24	by	by	ADP
dem-4204	49	25	the	the	DET
dem-4204	49	26	producer	producer	NOUN
dem-4204	49	27	price	price	NOUN
dem-4204	49	28	index	index	NOUN
dem-4204	49	29	–	–	PUNCT
dem-4204	49	30	ppi	ppi	NOUN
dem-4204	49	31	)	)	PUNCT
dem-4204	49	32	.	.	PUNCT
dem-4204	50	1	among	among	ADP
dem-4204	50	2	the	the	DET
dem-4204	50	3	explanatory	explanatory	ADJ
dem-4204	50	4	variables	variable	NOUN
dem-4204	50	5	are	be	AUX
dem-4204	50	6	:	:	PUNCT
dem-4204	50	7	relative	relative	ADJ
dem-4204	50	8	economic	economic	ADJ
dem-4204	50	9	growth6	growth6	PROPN
dem-4204	50	10	(	(	PUNCT
dem-4204	50	11	representing	represent	VERB
dem-4204	50	12	the	the	DET
dem-4204	50	13	b	b	PROPN
dem-4204	50	14	-	-	PUNCT
dem-4204	50	15	s	s	NOUN
dem-4204	50	16	effect	effect	NOUN
dem-4204	50	17	)	)	PUNCT
dem-4204	50	18	,	,	PUNCT
dem-4204	50	19	trade	trade	NOUN
dem-4204	50	20	balance	balance	NOUN
dem-4204	50	21	in	in	ADP
dem-4204	50	22	relation	relation	NOUN
dem-4204	50	23	to	to	ADP
dem-4204	50	24	gdp	gdp	NOUN
dem-4204	50	25	(	(	PUNCT
dem-4204	50	26	evidencing	evidence	VERB
dem-4204	50	27	the	the	DET
dem-4204	50	28	competitiveness	competitiveness	NOUN
dem-4204	50	29	of	of	ADP
dem-4204	50	30	a	a	DET
dem-4204	50	31	given	give	VERB
dem-4204	50	32	economy	economy	NOUN
dem-4204	50	33	)	)	PUNCT
dem-4204	50	34	and	and	CCONJ
dem-4204	50	35	relative	relative	ADJ
dem-4204	50	36	real	real	ADJ
dem-4204	50	37	interest	interest	NOUN
dem-4204	50	38	rate	rate	NOUN
dem-4204	50	39	.	.	PUNCT
dem-4204	51	1	it	it	PRON
dem-4204	51	2	is	be	AUX
dem-4204	51	3	expected	expect	VERB
dem-4204	51	4	that	that	SCONJ
dem-4204	51	5	in	in	ADP
dem-4204	51	6	accordance	accordance	NOUN
dem-4204	51	7	with	with	ADP
dem-4204	51	8	the	the	DET
dem-4204	51	9	above	above	ADV
dem-4204	51	10	-	-	PUNCT
dem-4204	51	11	mentioned	mention	VERB
dem-4204	51	12	mechanisms	mechanism	NOUN
dem-4204	51	13	the	the	DET
dem-4204	51	14	signs	sign	NOUN
dem-4204	51	15	of	of	ADP
dem-4204	51	16	the	the	DET
dem-4204	51	17	parameter	parameter	NOUN
dem-4204	51	18	estimates	estimate	NOUN
dem-4204	51	19	for	for	ADP
dem-4204	51	20	all	all	DET
dem-4204	51	21	three	three	NUM
dem-4204	51	22	explanatory	explanatory	ADJ
dem-4204	51	23	variables	variable	NOUN
dem-4204	51	24	will	will	AUX
dem-4204	51	25	be	be	AUX
dem-4204	51	26	negative	negative	ADJ
dem-4204	51	27	.	.	PUNCT
dem-4204	52	1	table	table	NOUN
dem-4204	52	2	4	4	NUM
dem-4204	52	3	.	.	PUNCT
dem-4204	53	1	the	the	DET
dem-4204	53	2	results	result	NOUN
dem-4204	53	3	of	of	ADP
dem-4204	53	4	the	the	DET
dem-4204	53	5	model	model	NOUN
dem-4204	53	6	estimation	estimation	NOUN
dem-4204	53	7	for	for	ADP
dem-4204	53	8	the	the	DET
dem-4204	53	9	group	group	NOUN
dem-4204	53	10	of	of	ADP
dem-4204	53	11	scandinavian	scandinavian	ADJ
dem-4204	53	12	countries	country	NOUN
dem-4204	53	13	variable	variable	ADJ
dem-4204	53	14	parameter	parameter	NOUN
dem-4204	53	15	estimate	estimate	NOUN
dem-4204	53	16	student	student	NOUN
dem-4204	53	17	’s	’s	PART
dem-4204	53	18	t	t	PROPN
dem-4204	53	19	-	-	PUNCT
dem-4204	53	20	statistic	statistic	NOUN
dem-4204	53	21	p	p	NOUN
dem-4204	53	22	-	-	PUNCT
dem-4204	53	23	value	value	NOUN
dem-4204	53	24	r2	r2	NOUN
dem-4204	53	25	constant	constant	VERB
dem-4204	53	26	8.801	8.801	NUM
dem-4204	53	27	68.79	68.79	NUM
dem-4204	53	28	0.0000	0.0000	NUM
dem-4204	53	29	*	*	PUNCT
dem-4204	53	30	*	*	PUNCT
dem-4204	53	31	*	*	PUNCT
dem-4204	53	32	80.12	80.12	NUM
dem-4204	53	33	%	%	NOUN
dem-4204	53	34	interest	interest	NOUN
dem-4204	53	35	rate	rate	NOUN
dem-4204	53	36	0.128	0.128	NUM
dem-4204	53	37	4.058	4.058	NUM
dem-4204	53	38	0.0000	0.0000	NUM
dem-4204	53	39	*	*	PUNCT
dem-4204	53	40	*	*	PUNCT
dem-4204	53	41	*	*	PUNCT
dem-4204	53	42	trade	trade	NOUN
dem-4204	53	43	balance	balance	NOUN
dem-4204	53	44	/	/	SYM
dem-4204	53	45	gdp	gdp	NOUN
dem-4204	53	46	-6.682	-6.682	PRON
dem-4204	53	47	-5.021	-5.021	NOUN
dem-4204	54	1	0.0000	0.0000	NUM
dem-4204	54	2	*	*	PUNCT
dem-4204	54	3	*	*	PUNCT
dem-4204	54	4	*	*	PUNCT
dem-4204	54	5	the	the	DET
dem-4204	54	6	results	result	NOUN
dem-4204	54	7	of	of	ADP
dem-4204	54	8	estimation	estimation	NOUN
dem-4204	54	9	of	of	ADP
dem-4204	54	10	the	the	DET
dem-4204	54	11	panel	panel	NOUN
dem-4204	54	12	data	datum	NOUN
dem-4204	54	13	model	model	NOUN
dem-4204	54	14	with	with	ADP
dem-4204	54	15	fixed	fix	VERB
dem-4204	54	16	individual	individual	ADJ
dem-4204	54	17	effects	effect	NOUN
dem-4204	54	18	for	for	ADP
dem-4204	54	19	developed	developed	ADJ
dem-4204	54	20	scandinavian	scandinavian	ADJ
dem-4204	54	21	countries	country	NOUN
dem-4204	54	22	point	point	VERB
dem-4204	54	23	to	to	ADP
dem-4204	54	24	the	the	DET
dem-4204	54	25	existence	existence	NOUN
dem-4204	54	26	of	of	ADP
dem-4204	54	27	the	the	DET
dem-4204	54	28	significant	significant	ADJ
dem-4204	54	29	relationship	relationship	NOUN
dem-4204	54	30	between	between	ADP
dem-4204	54	31	real	real	ADJ
dem-4204	54	32	exchange	exchange	NOUN
dem-4204	54	33	rate	rate	NOUN
dem-4204	54	34	and	and	CCONJ
dem-4204	54	35	both	both	CCONJ
dem-4204	54	36	the	the	DET
dem-4204	54	37	trade	trade	NOUN
dem-4204	54	38	balance	balance	NOUN
dem-4204	54	39	and	and	CCONJ
dem-4204	54	40	the	the	DET
dem-4204	54	41	relative	relative	ADJ
dem-4204	54	42	real	real	ADJ
dem-4204	54	43	interest	interest	NOUN
dem-4204	54	44	rate	rate	NOUN
dem-4204	54	45	.	.	PUNCT
dem-4204	55	1	in	in	ADP
dem-4204	55	2	the	the	DET
dem-4204	55	3	case	case	NOUN
dem-4204	55	4	of	of	ADP
dem-4204	55	5	the	the	DET
dem-4204	55	6	relative	relative	ADJ
dem-4204	55	7	real	real	ADJ
dem-4204	55	8	interest	interest	NOUN
dem-4204	55	9	rate	rate	NOUN
dem-4204	55	10	the	the	DET
dem-4204	55	11	sign	sign	NOUN
dem-4204	55	12	of	of	ADP
dem-4204	55	13	the	the	DET
dem-4204	55	14	parameter	parameter	NOUN
dem-4204	55	15	estimate	estimate	NOUN
dem-4204	55	16	is	be	AUX
dem-4204	55	17	at	at	ADP
dem-4204	55	18	variance	variance	NOUN
dem-4204	55	19	with	with	ADP
dem-4204	55	20	the	the	DET
dem-4204	55	21	predictions	prediction	NOUN
dem-4204	55	22	,	,	PUNCT
dem-4204	55	23	which	which	PRON
dem-4204	55	24	can	can	AUX
dem-4204	55	25	be	be	AUX
dem-4204	55	26	explained	explain	VERB
dem-4204	55	27	among	among	ADP
dem-4204	55	28	other	other	ADJ
dem-4204	55	29	things	thing	NOUN
dem-4204	55	30	by	by	ADP
dem-4204	55	31	the	the	DET
dem-4204	55	32	influence	influence	NOUN
dem-4204	55	33	of	of	ADP
dem-4204	55	34	the	the	DET
dem-4204	55	35	world	world	NOUN
dem-4204	55	36	interest	interest	NOUN
dem-4204	55	37	rates	rate	NOUN
dem-4204	55	38	or	or	CCONJ
dem-4204	55	39	different	different	ADJ
dem-4204	55	40	kinds	kind	NOUN
dem-4204	55	41	of	of	ADP
dem-4204	55	42	expectations	expectation	NOUN
dem-4204	55	43	.	.	PUNCT
dem-4204	56	1	on	on	ADP
dem-4204	56	2	the	the	DET
dem-4204	56	3	other	other	ADJ
dem-4204	56	4	hand	hand	NOUN
dem-4204	56	5	,	,	PUNCT
dem-4204	56	6	in	in	ADP
dem-4204	56	7	accordance	accordance	NOUN
dem-4204	56	8	with	with	ADP
dem-4204	56	9	the	the	DET
dem-4204	56	10	predictions	prediction	NOUN
dem-4204	56	11	the	the	DET
dem-4204	56	12	impact	impact	NOUN
dem-4204	56	13	of	of	ADP
dem-4204	56	14	the	the	DET
dem-4204	56	15	relative	relative	ADJ
dem-4204	56	16	economic	economic	ADJ
dem-4204	56	17	growth	growth	NOUN
dem-4204	56	18	on	on	ADP
dem-4204	56	19	the	the	DET
dem-4204	56	20	exchange	exchange	NOUN
dem-4204	56	21	rate	rate	NOUN
dem-4204	56	22	in	in	ADP
dem-4204	56	23	the	the	DET
dem-4204	56	24	case	case	NOUN
dem-4204	56	25	of	of	ADP
dem-4204	56	26	scandinavian	scandinavian	ADJ
dem-4204	56	27	countries	country	NOUN
dem-4204	56	28	turned	turn	VERB
dem-4204	56	29	out	out	ADP
dem-4204	56	30	to	to	PART
dem-4204	56	31	be	be	AUX
dem-4204	56	32	statistically	statistically	ADV
dem-4204	56	33	insignificant	insignificant	ADJ
dem-4204	56	34	.	.	PUNCT
dem-4204	57	1	in	in	ADP
dem-4204	57	2	the	the	DET
dem-4204	57	3	case	case	NOUN
dem-4204	57	4	of	of	ADP
dem-4204	57	5	the	the	DET
dem-4204	57	6	panel	panel	NOUN
dem-4204	57	7	data	datum	NOUN
dem-4204	57	8	model	model	NOUN
dem-4204	57	9	with	with	ADP
dem-4204	57	10	fixed	fix	VERB
dem-4204	57	11	individual	individual	ADJ
dem-4204	57	12	effects	effect	NOUN
dem-4204	57	13	for	for	ADP
dem-4204	57	14	developing	develop	VERB
dem-4204	57	15	countries	country	NOUN
dem-4204	57	16	belonging	belong	VERB
dem-4204	57	17	to	to	PART
dem-4204	57	18	cefta	cefta	VERB
dem-4204	57	19	a	a	DET
dem-4204	57	20	direction	direction	NOUN
dem-4204	57	21	of	of	ADP
dem-4204	57	22	influence	influence	NOUN
dem-4204	57	23	of	of	ADP
dem-4204	57	24	the	the	DET
dem-4204	57	25	explanatory	explanatory	ADJ
dem-4204	57	26	variables	variable	NOUN
dem-4204	57	27	is	be	AUX
dem-4204	57	28	in	in	ADP
dem-4204	57	29	accordance	accordance	NOUN
dem-4204	57	30	with	with	ADP
dem-4204	57	31	the	the	DET
dem-4204	57	32	earlier	early	ADV
dem-4204	57	33	formulated	formulate	VERB
dem-4204	57	34	expectations	expectation	NOUN
dem-4204	57	35	:	:	PUNCT
dem-4204	57	36	the	the	DET
dem-4204	57	37	increase	increase	NOUN
dem-4204	57	38	of	of	ADP
dem-4204	57	39	the	the	DET
dem-4204	57	40	relative	relative	ADJ
dem-4204	57	41	gdp	gdp	NOUN
dem-4204	57	42	as	as	ADV
dem-4204	57	43	well	well	ADV
dem-4204	57	44	as	as	ADP
dem-4204	57	45	the	the	DET
dem-4204	57	46	trade	trade	NOUN
dem-4204	57	47	surplus	surplus	NOUN
dem-4204	57	48	contribute	contribute	VERB
dem-4204	57	49	to	to	ADP
dem-4204	57	50	the	the	DET
dem-4204	57	51	decrease	decrease	NOUN
dem-4204	57	52	of	of	ADP
dem-4204	57	53	the	the	DET
dem-4204	57	54	exchange	exchange	NOUN
dem-4204	57	55	rate	rate	NOUN
dem-4204	57	56	,	,	PUNCT
dem-4204	57	57	that	that	PRON
dem-4204	57	58	is	be	AUX
dem-4204	57	59	its	its	PRON
dem-4204	57	60	appreciation	appreciation	NOUN
dem-4204	57	61	.	.	PUNCT
dem-4204	58	1	moreover	moreover	ADV
dem-4204	58	2	,	,	PUNCT
dem-4204	58	3	the	the	DET
dem-4204	58	4	influence	influence	NOUN
dem-4204	58	5	of	of	ADP
dem-4204	58	6	the	the	DET
dem-4204	58	7	relative	relative	ADJ
dem-4204	58	8	real	real	ADJ
dem-4204	58	9	interest	interest	NOUN
dem-4204	58	10	rate	rate	NOUN
dem-4204	58	11	on	on	ADP
dem-4204	58	12	the	the	DET
dem-4204	58	13	exchange	exchange	NOUN
dem-4204	58	14	rate	rate	NOUN
dem-4204	58	15	is	be	AUX
dem-4204	58	16	also	also	ADV
dem-4204	58	17	negative	negative	ADJ
dem-4204	58	18	,	,	PUNCT
dem-4204	58	19	albeit	albeit	SCONJ
dem-4204	58	20	statistically	statistically	ADV
dem-4204	58	21	insignificant	insignificant	ADJ
dem-4204	58	22	,	,	PUNCT
dem-4204	58	23	which	which	PRON
dem-4204	58	24	leads	lead	VERB
dem-4204	58	25	to	to	ADP
dem-4204	58	26	the	the	DET
dem-4204	58	27	conclusion	conclusion	NOUN
dem-4204	58	28	that	that	SCONJ
dem-4204	58	29	in	in	ADP
dem-4204	58	30	the	the	DET
dem-4204	58	31	case	case	NOUN
dem-4204	58	32	of	of	ADP
dem-4204	58	33	central	central	ADJ
dem-4204	58	34	and	and	CCONJ
dem-4204	58	35	eastern	eastern	ADJ
dem-4204	58	36	european	european	ADJ
dem-4204	58	37	countries	country	NOUN
dem-4204	58	38	behavior	behavior	NOUN
dem-4204	58	39	of	of	ADP
dem-4204	58	40	the	the	DET
dem-4204	58	41	interest	interest	NOUN
dem-4204	58	42	rates	rate	NOUN
dem-4204	58	43	affects	affect	VERB
dem-4204	58	44	the	the	DET
dem-4204	58	45	exchange	exchange	NOUN
dem-4204	58	46	rate	rate	NOUN
dem-4204	58	47	much	much	ADV
dem-4204	58	48	more	more	ADV
dem-4204	58	49	weakly	weakly	ADJ
dem-4204	58	50	than	than	ADP
dem-4204	58	51	behavior	behavior	NOUN
dem-4204	58	52	of	of	ADP
dem-4204	58	53	other	other	ADJ
dem-4204	58	54	macroeconomic	macroeconomic	ADJ
dem-4204	58	55	factors	factor	NOUN
dem-4204	58	56	.	.	PUNCT
dem-4204	59	1	5	5	NUM
dem-4204	59	2	panel	panel	NOUN
dem-4204	59	3	data	datum	NOUN
dem-4204	59	4	models	model	NOUN
dem-4204	59	5	,	,	PUNCT
dem-4204	59	6	contrary	contrary	ADJ
dem-4204	59	7	to	to	ADP
dem-4204	59	8	the	the	DET
dem-4204	59	9	time	time	NOUN
dem-4204	59	10	series	series	PROPN
dem-4204	59	11	models	model	NOUN
dem-4204	59	12	,	,	PUNCT
dem-4204	59	13	allow	allow	VERB
dem-4204	59	14	one	one	PRON
dem-4204	59	15	to	to	PART
dem-4204	59	16	investigate	investigate	VERB
dem-4204	59	17	general	general	ADJ
dem-4204	59	18	relationships	relationship	NOUN
dem-4204	59	19	for	for	ADP
dem-4204	59	20	fixed	fix	VERB
dem-4204	59	21	groups	group	NOUN
dem-4204	59	22	of	of	ADP
dem-4204	59	23	chosen	choose	VERB
dem-4204	59	24	countries	country	NOUN
dem-4204	59	25	.	.	PUNCT
dem-4204	60	1	6	6	NUM
dem-4204	60	2	the	the	DET
dem-4204	60	3	term	term	NOUN
dem-4204	60	4	‘	'	PUNCT
dem-4204	60	5	relative	relative	ADJ
dem-4204	60	6	’	'	PUNCT
dem-4204	60	7	means	mean	NOUN
dem-4204	60	8	in	in	ADP
dem-4204	60	9	this	this	DET
dem-4204	60	10	case	case	NOUN
dem-4204	60	11	comparison	comparison	NOUN
dem-4204	60	12	with	with	ADP
dem-4204	60	13	the	the	DET
dem-4204	60	14	euro	euro	PROPN
dem-4204	60	15	area	area	NOUN
dem-4204	60	16	.	.	PUNCT
dem-4204	61	1	figure	figure	NOUN
dem-4204	61	2	1	1	NUM
dem-4204	61	3	.	.	NUM
dem-4204	61	4	fitted	fit	VERB
dem-4204	61	5	and	and	CCONJ
dem-4204	61	6	actual	actual	ADJ
dem-4204	61	7	values	value	NOUN
dem-4204	61	8	of	of	ADP
dem-4204	61	9	the	the	DET
dem-4204	61	10	exchange	exchange	NOUN
dem-4204	61	11	rate	rate	NOUN
dem-4204	61	12	of	of	ADP
dem-4204	61	13	the	the	DET
dem-4204	61	14	danish	danish	ADJ
dem-4204	61	15	krone	krone	NOUN
dem-4204	61	16	(	(	PUNCT
dem-4204	61	17	1999	1999	NUM
dem-4204	61	18	1st	1st	ADJ
dem-4204	61	19	quarter	quarter	NOUN
dem-4204	61	20	–	–	PUNCT
dem-4204	61	21	2008	2008	NUM
dem-4204	61	22	4th	4th	ADJ
dem-4204	61	23	quarter	quarter	NOUN
dem-4204	61	24	)	)	PUNCT
dem-4204	61	25	figure	figure	NOUN
dem-4204	61	26	2	2	NUM
dem-4204	61	27	.	.	NUM
dem-4204	61	28	fitted	fit	VERB
dem-4204	61	29	and	and	CCONJ
dem-4204	61	30	actual	actual	ADJ
dem-4204	61	31	values	value	NOUN
dem-4204	61	32	of	of	ADP
dem-4204	61	33	the	the	DET
dem-4204	61	34	exchange	exchange	NOUN
dem-4204	61	35	rate	rate	NOUN
dem-4204	61	36	of	of	ADP
dem-4204	61	37	the	the	DET
dem-4204	61	38	swedish	swedish	ADJ
dem-4204	61	39	krone	krone	NOUN
dem-4204	61	40	(	(	PUNCT
dem-4204	61	41	i	i	PRON
dem-4204	61	42	quarter	quarter	VERB
dem-4204	61	43	1999	1999	NUM
dem-4204	61	44	1st	1st	ADJ
dem-4204	61	45	quarter	quarter	NOUN
dem-4204	61	46	–	–	PUNCT
dem-4204	61	47	2008	2008	NUM
dem-4204	61	48	4th	4th	ADJ
dem-4204	61	49	quarter	quarter	NOUN
dem-4204	61	50	)	)	PUNCT
dem-4204	61	51	6,9	6,9	NUM
dem-4204	61	52	7	7	NUM
dem-4204	61	53	7,1	7,1	NUM
dem-4204	61	54	7,2	7,2	NUM
dem-4204	61	55	7,3	7,3	NUM
dem-4204	61	56	7,4	7,4	NUM
dem-4204	61	57	7,5	7,5	NUM
dem-4204	61	58	7,6	7,6	NUM
dem-4204	61	59	7,7	7,7	NUM
dem-4204	61	60	7,8	7,8	NUM
dem-4204	61	61	7,9	7,9	NUM
dem-4204	61	62	8	8	NUM
dem-4204	62	1	i	i	NOUN
dem-4204	62	2	ii	ii	NOUN
dem-4204	62	3	ii	ii	NOUN
dem-4204	63	1	i	i	PRON
dem-4204	63	2	iv	iv	INTJ
dem-4204	64	1	i	i	NOUN
dem-4204	64	2	ii	ii	NOUN
dem-4204	64	3	ii	ii	NOUN
dem-4204	65	1	i	i	PRON
dem-4204	65	2	iv	iv	INTJ
dem-4204	66	1	i	i	NOUN
dem-4204	66	2	ii	ii	NOUN
dem-4204	66	3	ii	ii	NOUN
dem-4204	67	1	i	i	PRON
dem-4204	67	2	iv	iv	INTJ
dem-4204	68	1	i	i	NOUN
dem-4204	68	2	ii	ii	NOUN
dem-4204	68	3	ii	ii	NOUN
dem-4204	69	1	i	i	PRON
dem-4204	69	2	iv	iv	INTJ
dem-4204	70	1	i	i	NOUN
dem-4204	70	2	ii	ii	NOUN
dem-4204	70	3	ii	ii	NOUN
dem-4204	71	1	i	i	PRON
dem-4204	71	2	iv	iv	INTJ
dem-4204	72	1	i	i	NOUN
dem-4204	72	2	ii	ii	NOUN
dem-4204	72	3	ii	ii	NOUN
dem-4204	73	1	i	i	PRON
dem-4204	73	2	iv	iv	INTJ
dem-4204	74	1	i	i	NOUN
dem-4204	74	2	ii	ii	NOUN
dem-4204	74	3	ii	ii	NOUN
dem-4204	75	1	i	i	PRON
dem-4204	75	2	iv	iv	INTJ
dem-4204	76	1	i	i	NOUN
dem-4204	76	2	ii	ii	NOUN
dem-4204	76	3	ii	ii	NOUN
dem-4204	77	1	i	i	PRON
dem-4204	77	2	iv	iv	INTJ
dem-4204	78	1	i	i	NOUN
dem-4204	78	2	ii	ii	NOUN
dem-4204	78	3	ii	ii	NOUN
dem-4204	79	1	i	i	PRON
dem-4204	79	2	iv	iv	INTJ
dem-4204	80	1	i	i	NOUN
dem-4204	80	2	ii	ii	NOUN
dem-4204	80	3	ii	ii	INTJ
dem-4204	81	1	i	i	PRON
dem-4204	81	2	iv	iv	PROPN
dem-4204	81	3	1999	1999	NUM
dem-4204	81	4	2000	2000	NUM
dem-4204	81	5	2001	2001	NUM
dem-4204	81	6	2002	2002	NUM
dem-4204	81	7	2003	2003	NUM
dem-4204	81	8	2004	2004	NUM
dem-4204	81	9	2005	2005	NUM
dem-4204	81	10	2006	2006	NUM
dem-4204	81	11	2007	2007	NUM
dem-4204	81	12	2008	2008	NUM
dem-4204	81	13	fitted	fit	VERB
dem-4204	81	14	actual	actual	ADJ
dem-4204	81	15	7	7	NUM
dem-4204	81	16	7,5	7,5	NUM
dem-4204	81	17	8	8	NUM
dem-4204	81	18	8,5	8,5	NUM
dem-4204	81	19	9	9	NUM
dem-4204	81	20	9,5	9,5	NUM
dem-4204	81	21	10	10	NUM
dem-4204	82	1	i	i	NOUN
dem-4204	82	2	ii	ii	NOUN
dem-4204	82	3	ii	ii	NOUN
dem-4204	83	1	i	i	PRON
dem-4204	83	2	iv	iv	INTJ
dem-4204	84	1	i	i	NOUN
dem-4204	84	2	ii	ii	NOUN
dem-4204	84	3	ii	ii	NOUN
dem-4204	85	1	i	i	PRON
dem-4204	85	2	iv	iv	INTJ
dem-4204	86	1	i	i	NOUN
dem-4204	86	2	ii	ii	NOUN
dem-4204	86	3	ii	ii	NOUN
dem-4204	87	1	i	i	PRON
dem-4204	87	2	iv	iv	INTJ
dem-4204	88	1	i	i	NOUN
dem-4204	88	2	ii	ii	NOUN
dem-4204	88	3	ii	ii	NOUN
dem-4204	89	1	i	i	PRON
dem-4204	89	2	iv	iv	INTJ
dem-4204	90	1	i	i	NOUN
dem-4204	90	2	ii	ii	NOUN
dem-4204	90	3	ii	ii	NOUN
dem-4204	91	1	i	i	PRON
dem-4204	91	2	iv	iv	INTJ
dem-4204	92	1	i	i	NOUN
dem-4204	92	2	ii	ii	NOUN
dem-4204	92	3	ii	ii	NOUN
dem-4204	93	1	i	i	PRON
dem-4204	93	2	iv	iv	INTJ
dem-4204	94	1	i	i	NOUN
dem-4204	94	2	ii	ii	NOUN
dem-4204	94	3	ii	ii	NOUN
dem-4204	95	1	i	i	PRON
dem-4204	95	2	iv	iv	INTJ
dem-4204	96	1	i	i	NOUN
dem-4204	96	2	ii	ii	NOUN
dem-4204	96	3	ii	ii	NOUN
dem-4204	97	1	i	i	PRON
dem-4204	97	2	iv	iv	INTJ
dem-4204	98	1	i	i	NOUN
dem-4204	98	2	ii	ii	NOUN
dem-4204	98	3	ii	ii	NOUN
dem-4204	99	1	i	i	PRON
dem-4204	99	2	iv	iv	INTJ
dem-4204	100	1	i	i	NOUN
dem-4204	100	2	ii	ii	NOUN
dem-4204	100	3	ii	ii	INTJ
dem-4204	101	1	i	i	PRON
dem-4204	101	2	iv	iv	PROPN
dem-4204	101	3	1999	1999	NUM
dem-4204	101	4	2000	2000	NUM
dem-4204	101	5	2001	2001	NUM
dem-4204	101	6	2002	2002	NUM
dem-4204	101	7	2003	2003	NUM
dem-4204	101	8	2004	2004	NUM
dem-4204	101	9	2005	2005	NUM
dem-4204	101	10	2006	2006	NUM
dem-4204	101	11	2007	2007	NUM
dem-4204	101	12	2008	2008	NUM
dem-4204	101	13	fitted	fit	VERB
dem-4204	101	14	actual	actual	ADJ
dem-4204	101	15	figure	figure	NOUN
dem-4204	101	16	3	3	NUM
dem-4204	101	17	.	.	NUM
dem-4204	101	18	fitted	fit	VERB
dem-4204	101	19	and	and	CCONJ
dem-4204	101	20	actual	actual	ADJ
dem-4204	101	21	values	value	NOUN
dem-4204	101	22	of	of	ADP
dem-4204	101	23	the	the	DET
dem-4204	101	24	exchange	exchange	NOUN
dem-4204	101	25	rate	rate	NOUN
dem-4204	101	26	of	of	ADP
dem-4204	101	27	the	the	DET
dem-4204	101	28	norwegian	norwegian	ADJ
dem-4204	101	29	krone	krone	NOUN
dem-4204	101	30	(	(	PUNCT
dem-4204	101	31	1999	1999	NUM
dem-4204	101	32	1st	1st	ADJ
dem-4204	101	33	quarter	quarter	NOUN
dem-4204	101	34	–	–	PUNCT
dem-4204	101	35	2008	2008	NUM
dem-4204	101	36	4th	4th	ADJ
dem-4204	101	37	quarter	quarter	NOUN
dem-4204	101	38	)	)	PUNCT
dem-4204	101	39	table	table	NOUN
dem-4204	101	40	5	5	NUM
dem-4204	101	41	.	.	PUNCT
dem-4204	102	1	the	the	DET
dem-4204	102	2	results	result	NOUN
dem-4204	102	3	of	of	ADP
dem-4204	102	4	the	the	DET
dem-4204	102	5	model	model	NOUN
dem-4204	102	6	estimation	estimation	NOUN
dem-4204	102	7	for	for	ADP
dem-4204	102	8	the	the	DET
dem-4204	102	9	group	group	NOUN
dem-4204	102	10	of	of	ADP
dem-4204	102	11	central	central	ADJ
dem-4204	102	12	and	and	CCONJ
dem-4204	102	13	eastern	eastern	ADJ
dem-4204	102	14	european	european	ADJ
dem-4204	102	15	countries	country	NOUN
dem-4204	102	16	variable	variable	ADJ
dem-4204	102	17	parameter	parameter	NOUN
dem-4204	102	18	estimate	estimate	NOUN
dem-4204	102	19	student	student	NOUN
dem-4204	102	20	’s	’s	PART
dem-4204	102	21	t	t	PROPN
dem-4204	102	22	-	-	PUNCT
dem-4204	102	23	statistic	statistic	NOUN
dem-4204	102	24	p	p	NOUN
dem-4204	102	25	-	-	PUNCT
dem-4204	102	26	value	value	NOUN
dem-4204	102	27	r2	r2	NOUN
dem-4204	102	28	constant	constant	ADJ
dem-4204	102	29	12.615	12.615	NUM
dem-4204	102	30	71.86	71.86	NUM
dem-4204	102	31	0.0000	0.0000	NUM
dem-4204	102	32	*	*	PUNCT
dem-4204	102	33	*	*	PUNCT
dem-4204	102	34	*	*	PUNCT
dem-4204	102	35	99.07	99.07	NUM
dem-4204	102	36	%	%	NOUN
dem-4204	102	37	relative	relative	ADJ
dem-4204	102	38	economic	economic	ADJ
dem-4204	102	39	growth	growth	NOUN
dem-4204	102	40	-0.754	-0.754	PUNCT
dem-4204	102	41	-3.607	-3.607	VERB
dem-4204	102	42	0.0005	0.0005	NUM
dem-4204	102	43	*	*	PUNCT
dem-4204	102	44	*	*	PUNCT
dem-4204	102	45	*	*	PUNCT
dem-4204	102	46	trade	trade	NOUN
dem-4204	102	47	balance	balance	NOUN
dem-4204	102	48	/	/	SYM
dem-4204	102	49	gdp	gdp	NOUN
dem-4204	102	50	-24.800	-24.800	PUNCT
dem-4204	102	51	-5.507	-5.507	PROPN
dem-4204	102	52	0.0000	0.0000	NUM
dem-4204	102	53	*	*	PUNCT
dem-4204	102	54	*	*	PUNCT
dem-4204	102	55	*	*	PUNCT
dem-4204	102	56	figure	figure	NOUN
dem-4204	102	57	4	4	NUM
dem-4204	102	58	.	.	NUM
dem-4204	102	59	fitted	fit	VERB
dem-4204	102	60	and	and	CCONJ
dem-4204	102	61	actual	actual	ADJ
dem-4204	102	62	values	value	NOUN
dem-4204	102	63	of	of	ADP
dem-4204	102	64	the	the	DET
dem-4204	102	65	exchange	exchange	NOUN
dem-4204	102	66	rate	rate	NOUN
dem-4204	102	67	of	of	ADP
dem-4204	102	68	the	the	DET
dem-4204	102	69	polish	polish	ADJ
dem-4204	102	70	zloty	zloty	NOUN
dem-4204	102	71	(	(	PUNCT
dem-4204	102	72	1999	1999	NUM
dem-4204	102	73	1st	1st	ADJ
dem-4204	102	74	quarter	quarter	NOUN
dem-4204	102	75	–	–	PUNCT
dem-4204	102	76	2008	2008	NUM
dem-4204	102	77	4th	4th	ADJ
dem-4204	102	78	quarter	quarter	NOUN
dem-4204	102	79	)	)	PUNCT
dem-4204	102	80	0	0	NUM
dem-4204	102	81	2	2	NUM
dem-4204	102	82	4	4	NUM
dem-4204	102	83	6	6	NUM
dem-4204	102	84	8	8	NUM
dem-4204	102	85	10	10	NUM
dem-4204	102	86	12	12	NUM
dem-4204	103	1	i	i	NOUN
dem-4204	103	2	ii	ii	NOUN
dem-4204	103	3	ii	ii	NOUN
dem-4204	103	4	i	i	PRON
dem-4204	103	5	iv	iv	INTJ
dem-4204	104	1	i	i	NOUN
dem-4204	104	2	ii	ii	NOUN
dem-4204	104	3	ii	ii	NOUN
dem-4204	105	1	i	i	PRON
dem-4204	105	2	iv	iv	INTJ
dem-4204	106	1	i	i	NOUN
dem-4204	106	2	ii	ii	NOUN
dem-4204	106	3	ii	ii	NOUN
dem-4204	107	1	i	i	PRON
dem-4204	107	2	iv	iv	INTJ
dem-4204	108	1	i	i	NOUN
dem-4204	108	2	ii	ii	NOUN
dem-4204	108	3	ii	ii	NOUN
dem-4204	109	1	i	i	PRON
dem-4204	109	2	iv	iv	INTJ
dem-4204	110	1	i	i	NOUN
dem-4204	110	2	ii	ii	NOUN
dem-4204	110	3	ii	ii	NOUN
dem-4204	111	1	i	i	PRON
dem-4204	111	2	iv	iv	INTJ
dem-4204	112	1	i	i	NOUN
dem-4204	112	2	ii	ii	NOUN
dem-4204	112	3	ii	ii	NOUN
dem-4204	113	1	i	i	PRON
dem-4204	113	2	iv	iv	INTJ
dem-4204	114	1	i	i	NOUN
dem-4204	114	2	ii	ii	NOUN
dem-4204	114	3	ii	ii	NOUN
dem-4204	115	1	i	i	PRON
dem-4204	115	2	iv	iv	INTJ
dem-4204	116	1	i	i	NOUN
dem-4204	116	2	ii	ii	NOUN
dem-4204	116	3	ii	ii	NOUN
dem-4204	117	1	i	i	PRON
dem-4204	117	2	iv	iv	INTJ
dem-4204	118	1	i	i	NOUN
dem-4204	118	2	ii	ii	NOUN
dem-4204	118	3	ii	ii	NOUN
dem-4204	119	1	i	i	PRON
dem-4204	119	2	iv	iv	INTJ
dem-4204	120	1	i	i	NOUN
dem-4204	120	2	ii	ii	NOUN
dem-4204	120	3	ii	ii	INTJ
dem-4204	121	1	i	i	PRON
dem-4204	121	2	iv	iv	PROPN
dem-4204	121	3	1999	1999	NUM
dem-4204	121	4	2000	2000	NUM
dem-4204	121	5	2001	2001	NUM
dem-4204	121	6	2002	2002	NUM
dem-4204	121	7	2003	2003	NUM
dem-4204	121	8	2004	2004	NUM
dem-4204	121	9	2005	2005	NUM
dem-4204	121	10	2006	2006	NUM
dem-4204	121	11	2007	2007	NUM
dem-4204	121	12	2008	2008	NUM
dem-4204	121	13	fitted	fit	VERB
dem-4204	121	14	actual	actual	ADJ
dem-4204	121	15	0	0	NUM
dem-4204	121	16	1	1	NUM
dem-4204	121	17	2	2	NUM
dem-4204	121	18	3	3	NUM
dem-4204	121	19	4	4	NUM
dem-4204	121	20	5	5	NUM
dem-4204	121	21	6	6	NUM
dem-4204	121	22	7	7	NUM
dem-4204	122	1	i	i	NOUN
dem-4204	122	2	ii	ii	NOUN
dem-4204	122	3	ii	ii	NOUN
dem-4204	123	1	i	i	PRON
dem-4204	123	2	iv	iv	INTJ
dem-4204	124	1	i	i	NOUN
dem-4204	124	2	ii	ii	NOUN
dem-4204	124	3	ii	ii	NOUN
dem-4204	125	1	i	i	PRON
dem-4204	125	2	iv	iv	INTJ
dem-4204	126	1	i	i	NOUN
dem-4204	126	2	ii	ii	NOUN
dem-4204	126	3	ii	ii	NOUN
dem-4204	127	1	i	i	PRON
dem-4204	127	2	iv	iv	INTJ
dem-4204	128	1	i	i	NOUN
dem-4204	128	2	ii	ii	NOUN
dem-4204	128	3	ii	ii	NOUN
dem-4204	129	1	i	i	PRON
dem-4204	129	2	iv	iv	INTJ
dem-4204	130	1	i	i	NOUN
dem-4204	130	2	ii	ii	NOUN
dem-4204	130	3	ii	ii	NOUN
dem-4204	131	1	i	i	PRON
dem-4204	131	2	iv	iv	INTJ
dem-4204	132	1	i	i	NOUN
dem-4204	132	2	ii	ii	NOUN
dem-4204	132	3	ii	ii	NOUN
dem-4204	133	1	i	i	PRON
dem-4204	133	2	iv	iv	INTJ
dem-4204	134	1	i	i	NOUN
dem-4204	134	2	ii	ii	NOUN
dem-4204	134	3	ii	ii	NOUN
dem-4204	135	1	i	i	PRON
dem-4204	135	2	iv	iv	INTJ
dem-4204	136	1	i	i	NOUN
dem-4204	136	2	ii	ii	NOUN
dem-4204	136	3	ii	ii	NOUN
dem-4204	137	1	i	i	PRON
dem-4204	137	2	iv	iv	INTJ
dem-4204	138	1	i	i	NOUN
dem-4204	138	2	ii	ii	NOUN
dem-4204	138	3	ii	ii	NOUN
dem-4204	139	1	i	i	PRON
dem-4204	139	2	iv	iv	INTJ
dem-4204	140	1	i	i	NOUN
dem-4204	140	2	ii	ii	NOUN
dem-4204	140	3	ii	ii	INTJ
dem-4204	141	1	i	i	PRON
dem-4204	141	2	iv	iv	PROPN
dem-4204	141	3	1999	1999	NUM
dem-4204	141	4	2000	2000	NUM
dem-4204	141	5	2001	2001	NUM
dem-4204	141	6	2002	2002	NUM
dem-4204	141	7	2003	2003	NUM
dem-4204	141	8	2004	2004	NUM
dem-4204	141	9	2005	2005	NUM
dem-4204	141	10	2006	2006	NUM
dem-4204	141	11	2007	2007	NUM
dem-4204	141	12	2008	2008	NUM
dem-4204	141	13	fitted	fit	VERB
dem-4204	141	14	actual	actual	ADJ
dem-4204	141	15	dorota	dorota	PROPN
dem-4204	141	16	górecka	górecka	NOUN
dem-4204	141	17	,	,	PUNCT
dem-4204	141	18	dominik	dominik	PROPN
dem-4204	141	19	śliwicki	śliwicki	PROPN
dem-4204	141	20	58	58	NUM
dem-4204	141	21	figure	figure	NOUN
dem-4204	141	22	5	5	NUM
dem-4204	141	23	.	.	NUM
dem-4204	141	24	fitted	fit	VERB
dem-4204	141	25	and	and	CCONJ
dem-4204	141	26	actual	actual	ADJ
dem-4204	141	27	values	value	NOUN
dem-4204	141	28	of	of	ADP
dem-4204	141	29	the	the	DET
dem-4204	141	30	exchange	exchange	NOUN
dem-4204	141	31	rate	rate	NOUN
dem-4204	141	32	of	of	ADP
dem-4204	141	33	the	the	DET
dem-4204	141	34	czech	czech	ADJ
dem-4204	141	35	krone	krone	NOUN
dem-4204	141	36	(	(	PUNCT
dem-4204	141	37	1999	1999	NUM
dem-4204	141	38	1st	1st	ADJ
dem-4204	141	39	quarter	quarter	NOUN
dem-4204	141	40	–	–	PUNCT
dem-4204	141	41	2008	2008	NUM
dem-4204	141	42	4th	4th	ADJ
dem-4204	141	43	quarter	quarter	NOUN
dem-4204	141	44	)	)	PUNCT
dem-4204	141	45	figure	figure	NOUN
dem-4204	141	46	6	6	NUM
dem-4204	141	47	.	.	NUM
dem-4204	141	48	fitted	fit	VERB
dem-4204	141	49	and	and	CCONJ
dem-4204	141	50	actual	actual	ADJ
dem-4204	141	51	values	value	NOUN
dem-4204	141	52	of	of	ADP
dem-4204	141	53	the	the	DET
dem-4204	141	54	exchange	exchange	NOUN
dem-4204	141	55	rate	rate	NOUN
dem-4204	141	56	of	of	ADP
dem-4204	141	57	100	100	NUM
dem-4204	141	58	hungarian	hungarian	ADJ
dem-4204	141	59	forints	forint	NOUN
dem-4204	141	60	(	(	PUNCT
dem-4204	141	61	1999	1999	NUM
dem-4204	141	62	1st	1st	ADJ
dem-4204	141	63	quarter	quarter	NOUN
dem-4204	141	64	–	–	PUNCT
dem-4204	141	65	2008	2008	NUM
dem-4204	141	66	4th	4th	ADJ
dem-4204	141	67	quarter	quarter	NOUN
dem-4204	141	68	)	)	PUNCT
dem-4204	141	69	summary	summary	VERB
dem-4204	141	70	the	the	DET
dem-4204	141	71	main	main	ADJ
dem-4204	141	72	conclusion	conclusion	NOUN
dem-4204	141	73	drawn	draw	VERB
dem-4204	141	74	from	from	ADP
dem-4204	141	75	the	the	DET
dem-4204	141	76	analysis	analysis	NOUN
dem-4204	141	77	carried	carry	VERB
dem-4204	141	78	out	out	ADP
dem-4204	141	79	in	in	ADP
dem-4204	141	80	this	this	DET
dem-4204	141	81	paper	paper	NOUN
dem-4204	141	82	is	be	AUX
dem-4204	141	83	rejection	rejection	NOUN
dem-4204	141	84	of	of	ADP
dem-4204	141	85	the	the	DET
dem-4204	141	86	hypothesis	hypothesis	NOUN
dem-4204	141	87	that	that	PRON
dem-4204	141	88	the	the	DET
dem-4204	141	89	exchange	exchange	NOUN
dem-4204	141	90	rates	rate	NOUN
dem-4204	141	91	of	of	ADP
dem-4204	141	92	the	the	DET
dem-4204	141	93	examined	examine	VERB
dem-4204	141	94	scandina0	scandina0	NOUN
dem-4204	141	95	5	5	NUM
dem-4204	141	96	10	10	NUM
dem-4204	141	97	15	15	NUM
dem-4204	141	98	20	20	NUM
dem-4204	141	99	25	25	NUM
dem-4204	141	100	30	30	NUM
dem-4204	141	101	35	35	NUM
dem-4204	141	102	40	40	NUM
dem-4204	141	103	i	i	NOUN
dem-4204	141	104	ii	ii	VERB
dem-4204	141	105	ii	ii	NOUN
dem-4204	142	1	i	i	PRON
dem-4204	142	2	iv	iv	INTJ
dem-4204	143	1	i	i	NOUN
dem-4204	143	2	ii	ii	NOUN
dem-4204	143	3	ii	ii	NOUN
dem-4204	144	1	i	i	PRON
dem-4204	144	2	iv	iv	INTJ
dem-4204	145	1	i	i	NOUN
dem-4204	145	2	ii	ii	NOUN
dem-4204	145	3	ii	ii	NOUN
dem-4204	146	1	i	i	PRON
dem-4204	146	2	iv	iv	INTJ
dem-4204	147	1	i	i	NOUN
dem-4204	147	2	ii	ii	NOUN
dem-4204	147	3	ii	ii	NOUN
dem-4204	148	1	i	i	PRON
dem-4204	148	2	iv	iv	INTJ
dem-4204	149	1	i	i	NOUN
dem-4204	149	2	ii	ii	NOUN
dem-4204	149	3	ii	ii	NOUN
dem-4204	150	1	i	i	PRON
dem-4204	150	2	iv	iv	INTJ
dem-4204	151	1	i	i	NOUN
dem-4204	151	2	ii	ii	NOUN
dem-4204	151	3	ii	ii	NOUN
dem-4204	152	1	i	i	PRON
dem-4204	152	2	iv	iv	INTJ
dem-4204	153	1	i	i	NOUN
dem-4204	153	2	ii	ii	NOUN
dem-4204	153	3	ii	ii	NOUN
dem-4204	154	1	i	i	PRON
dem-4204	154	2	iv	iv	INTJ
dem-4204	155	1	i	i	NOUN
dem-4204	155	2	ii	ii	NOUN
dem-4204	155	3	ii	ii	NOUN
dem-4204	156	1	i	i	PRON
dem-4204	156	2	iv	iv	INTJ
dem-4204	157	1	i	i	NOUN
dem-4204	157	2	ii	ii	NOUN
dem-4204	157	3	ii	ii	NOUN
dem-4204	158	1	i	i	PRON
dem-4204	158	2	iv	iv	INTJ
dem-4204	159	1	i	i	NOUN
dem-4204	159	2	ii	ii	NOUN
dem-4204	159	3	ii	ii	INTJ
dem-4204	160	1	i	i	PRON
dem-4204	160	2	iv	iv	PROPN
dem-4204	160	3	1999	1999	NUM
dem-4204	160	4	2000	2000	NUM
dem-4204	160	5	2001	2001	NUM
dem-4204	160	6	2002	2002	NUM
dem-4204	160	7	2003	2003	NUM
dem-4204	160	8	2004	2004	NUM
dem-4204	160	9	2005	2005	NUM
dem-4204	160	10	2006	2006	NUM
dem-4204	160	11	2007	2007	NUM
dem-4204	160	12	2008	2008	NUM
dem-4204	160	13	fitted	fit	VERB
dem-4204	160	14	actual	actual	ADJ
dem-4204	160	15	0	0	NUM
dem-4204	160	16	0,5	0,5	NUM
dem-4204	160	17	1	1	NUM
dem-4204	160	18	1,5	1,5	NUM
dem-4204	160	19	2	2	NUM
dem-4204	160	20	2,5	2,5	NUM
dem-4204	160	21	3	3	NUM
dem-4204	160	22	3,5	3,5	NUM
dem-4204	160	23	4	4	NUM
dem-4204	160	24	4,5	4,5	NUM
dem-4204	161	1	i	i	NOUN
dem-4204	161	2	ii	ii	NOUN
dem-4204	161	3	ii	ii	NOUN
dem-4204	162	1	i	i	PRON
dem-4204	162	2	iv	iv	INTJ
dem-4204	163	1	i	i	NOUN
dem-4204	163	2	ii	ii	NOUN
dem-4204	163	3	ii	ii	NOUN
dem-4204	164	1	i	i	PRON
dem-4204	164	2	iv	iv	INTJ
dem-4204	165	1	i	i	NOUN
dem-4204	165	2	ii	ii	NOUN
dem-4204	165	3	ii	ii	NOUN
dem-4204	166	1	i	i	PRON
dem-4204	166	2	iv	iv	INTJ
dem-4204	167	1	i	i	NOUN
dem-4204	167	2	ii	ii	NOUN
dem-4204	167	3	ii	ii	NOUN
dem-4204	168	1	i	i	PRON
dem-4204	168	2	iv	iv	INTJ
dem-4204	169	1	i	i	NOUN
dem-4204	169	2	ii	ii	NOUN
dem-4204	169	3	ii	ii	NOUN
dem-4204	170	1	i	i	PRON
dem-4204	170	2	iv	iv	INTJ
dem-4204	171	1	i	i	NOUN
dem-4204	171	2	ii	ii	NOUN
dem-4204	171	3	ii	ii	NOUN
dem-4204	172	1	i	i	PRON
dem-4204	172	2	iv	iv	INTJ
dem-4204	173	1	i	i	NOUN
dem-4204	173	2	ii	ii	NOUN
dem-4204	173	3	ii	ii	NOUN
dem-4204	174	1	i	i	PRON
dem-4204	174	2	iv	iv	INTJ
dem-4204	175	1	i	i	NOUN
dem-4204	175	2	ii	ii	NOUN
dem-4204	175	3	ii	ii	NOUN
dem-4204	176	1	i	i	PRON
dem-4204	176	2	iv	iv	INTJ
dem-4204	177	1	i	i	NOUN
dem-4204	177	2	ii	ii	NOUN
dem-4204	177	3	ii	ii	NOUN
dem-4204	178	1	i	i	PRON
dem-4204	178	2	iv	iv	INTJ
dem-4204	179	1	i	i	NOUN
dem-4204	179	2	ii	ii	NOUN
dem-4204	179	3	ii	ii	INTJ
dem-4204	180	1	i	i	PRON
dem-4204	180	2	iv	iv	PROPN
dem-4204	180	3	1999	1999	NUM
dem-4204	180	4	2000	2000	NUM
dem-4204	180	5	2001	2001	NUM
dem-4204	180	6	2002	2002	NUM
dem-4204	180	7	2003	2003	NUM
dem-4204	180	8	2004	2004	NUM
dem-4204	180	9	2005	2005	NUM
dem-4204	180	10	2006	2006	NUM
dem-4204	180	11	2007	2007	NUM
dem-4204	180	12	2008	2008	NUM
dem-4204	180	13	fitted	fit	VERB
dem-4204	180	14	actual	actual	ADJ
dem-4204	180	15	application	application	NOUN
dem-4204	180	16	of	of	ADP
dem-4204	180	17	panel	panel	NOUN
dem-4204	180	18	data	datum	NOUN
dem-4204	180	19	models	model	NOUN
dem-4204	180	20	to	to	PART
dem-4204	180	21	exchange	exchange	VERB
dem-4204	180	22	rates	rate	NOUN
dem-4204	180	23	’	'	PUNCT
dem-4204	180	24	modeling	modeling	NOUN
dem-4204	180	25	…	…	PUNCT
dem-4204	180	26	59	59	NUM
dem-4204	180	27	vian	vian	NOUN
dem-4204	180	28	and	and	CCONJ
dem-4204	180	29	cefta	cefta	ADJ
dem-4204	180	30	countries	country	NOUN
dem-4204	180	31	in	in	ADP
dem-4204	180	32	the	the	DET
dem-4204	180	33	years	year	NOUN
dem-4204	180	34	1999	1999	NUM
dem-4204	180	35	-	-	SYM
dem-4204	180	36	2008	2008	NUM
dem-4204	180	37	were	be	AUX
dem-4204	180	38	shaping	shape	VERB
dem-4204	180	39	according	accord	VERB
dem-4204	180	40	to	to	ADP
dem-4204	180	41	the	the	DET
dem-4204	180	42	purchasing	purchase	VERB
dem-4204	180	43	power	power	NOUN
dem-4204	180	44	parity	parity	NOUN
dem-4204	180	45	theory	theory	NOUN
dem-4204	180	46	.	.	PUNCT
dem-4204	181	1	the	the	DET
dem-4204	181	2	results	result	NOUN
dem-4204	181	3	obtained	obtain	VERB
dem-4204	181	4	indicate	indicate	VERB
dem-4204	181	5	that	that	SCONJ
dem-4204	181	6	the	the	DET
dem-4204	181	7	real	real	ADJ
dem-4204	181	8	exchange	exchange	NOUN
dem-4204	181	9	rate	rate	NOUN
dem-4204	181	10	of	of	ADP
dem-4204	181	11	six	six	NUM
dem-4204	181	12	oecd	oecd	PROPN
dem-4204	181	13	countries	country	NOUN
dem-4204	181	14	is	be	AUX
dem-4204	181	15	determined	determine	VERB
dem-4204	181	16	by	by	ADP
dem-4204	181	17	such	such	ADJ
dem-4204	181	18	economic	economic	ADJ
dem-4204	181	19	factors	factor	NOUN
dem-4204	181	20	as	as	ADP
dem-4204	181	21	economic	economic	ADJ
dem-4204	181	22	growth	growth	NOUN
dem-4204	181	23	,	,	PUNCT
dem-4204	181	24	trade	trade	NOUN
dem-4204	181	25	balance	balance	NOUN
dem-4204	181	26	and	and	CCONJ
dem-4204	181	27	interest	interest	NOUN
dem-4204	181	28	rates	rate	NOUN
dem-4204	181	29	.	.	PUNCT
dem-4204	182	1	further	further	ADJ
dem-4204	182	2	research	research	NOUN
dem-4204	182	3	concerning	concern	VERB
dem-4204	182	4	exchange	exchange	NOUN
dem-4204	182	5	rates	rate	NOUN
dem-4204	182	6	may	may	AUX
dem-4204	182	7	,	,	PUNCT
dem-4204	182	8	first	first	ADV
dem-4204	182	9	of	of	ADP
dem-4204	182	10	all	all	PRON
dem-4204	182	11	,	,	PUNCT
dem-4204	182	12	focus	focus	VERB
dem-4204	182	13	on	on	ADP
dem-4204	182	14	widening	widen	VERB
dem-4204	182	15	the	the	DET
dem-4204	182	16	cross	cross	NOUN
dem-4204	182	17	-	-	NOUN
dem-4204	182	18	section	section	NOUN
dem-4204	182	19	of	of	ADP
dem-4204	182	20	the	the	DET
dem-4204	182	21	panels	panel	NOUN
dem-4204	182	22	with	with	ADP
dem-4204	182	23	other	other	ADJ
dem-4204	182	24	countries	country	NOUN
dem-4204	182	25	,	,	PUNCT
dem-4204	182	26	for	for	ADP
dem-4204	182	27	instance	instance	NOUN
dem-4204	182	28	bulgaria	bulgaria	PROPN
dem-4204	182	29	,	,	PUNCT
dem-4204	182	30	romania	romania	PROPN
dem-4204	182	31	,	,	PUNCT
dem-4204	182	32	croatia	croatia	PROPN
dem-4204	182	33	and	and	CCONJ
dem-4204	182	34	ukraine	ukraine	NOUN
dem-4204	182	35	in	in	ADP
dem-4204	182	36	the	the	DET
dem-4204	182	37	case	case	NOUN
dem-4204	182	38	of	of	ADP
dem-4204	182	39	central	central	ADJ
dem-4204	182	40	and	and	CCONJ
dem-4204	182	41	eastern	eastern	ADJ
dem-4204	182	42	european	european	ADJ
dem-4204	182	43	countries	country	NOUN
dem-4204	182	44	.	.	PUNCT
dem-4204	183	1	another	another	DET
dem-4204	183	2	possibility	possibility	NOUN
dem-4204	183	3	is	be	AUX
dem-4204	183	4	taking	take	VERB
dem-4204	183	5	into	into	ADP
dem-4204	183	6	account	account	NOUN
dem-4204	183	7	in	in	ADP
dem-4204	183	8	the	the	DET
dem-4204	183	9	models	model	NOUN
dem-4204	183	10	additional	additional	ADJ
dem-4204	183	11	variables	variable	NOUN
dem-4204	183	12	such	such	ADJ
dem-4204	183	13	as	as	ADP
dem-4204	183	14	net	net	ADJ
dem-4204	183	15	foreign	foreign	ADJ
dem-4204	183	16	assets	asset	NOUN
dem-4204	183	17	,	,	PUNCT
dem-4204	183	18	real	real	ADJ
dem-4204	183	19	wages	wage	NOUN
dem-4204	183	20	,	,	PUNCT
dem-4204	183	21	private	private	ADJ
dem-4204	183	22	consumption	consumption	NOUN
dem-4204	183	23	,	,	PUNCT
dem-4204	183	24	government	government	NOUN
dem-4204	183	25	spending	spending	NOUN
dem-4204	183	26	,	,	PUNCT
dem-4204	183	27	budget	budget	NOUN
dem-4204	183	28	deficit	deficit	NOUN
dem-4204	183	29	,	,	PUNCT
dem-4204	183	30	public	public	ADJ
dem-4204	183	31	debt	debt	NOUN
dem-4204	183	32	or	or	CCONJ
dem-4204	183	33	foreign	foreign	ADJ
dem-4204	183	34	direct	direct	ADJ
dem-4204	183	35	investments	investment	NOUN
dem-4204	183	36	(	(	PUNCT
dem-4204	183	37	bęzabojanowska	bęzabojanowska	PROPN
dem-4204	183	38	,	,	PUNCT
dem-4204	183	39	macdonald	macdonald	PROPN
dem-4204	183	40	,	,	PUNCT
dem-4204	183	41	2009	2009	NUM
dem-4204	183	42	)	)	PUNCT
dem-4204	183	43	.	.	PUNCT
dem-4204	184	1	finally	finally	ADV
dem-4204	184	2	,	,	PUNCT
dem-4204	184	3	these	these	DET
dem-4204	184	4	models	model	NOUN
dem-4204	184	5	may	may	AUX
dem-4204	184	6	be	be	AUX
dem-4204	184	7	employed	employ	VERB
dem-4204	184	8	in	in	ADP
dem-4204	184	9	forecasting	forecasting	NOUN
dem-4204	184	10	.	.	PUNCT
dem-4204	185	1	references	reference	NOUN
dem-4204	185	2	baffes	baffe	NOUN
dem-4204	185	3	,	,	PUNCT
dem-4204	185	4	j.	j.	PROPN
dem-4204	185	5	,	,	PUNCT
dem-4204	185	6	elbadawi	elbadawi	VERB
dem-4204	185	7	,	,	PUNCT
dem-4204	185	8	i.a	i.a	PROPN
dem-4204	185	9	.	.	PROPN
dem-4204	185	10	,	,	PUNCT
dem-4204	185	11	o’connell	o’connell	PROPN
dem-4204	185	12	,	,	PUNCT
dem-4204	185	13	s.a	s.a	PROPN
dem-4204	185	14	.	.	PROPN
dem-4204	185	15	(	(	PUNCT
dem-4204	185	16	1997	1997	NUM
dem-4204	185	17	)	)	PUNCT
dem-4204	185	18	,	,	PUNCT
dem-4204	185	19	single	single	ADJ
dem-4204	185	20	-	-	PUNCT
dem-4204	185	21	equation	equation	NOUN
dem-4204	185	22	estimation	estimation	NOUN
dem-4204	185	23	of	of	ADP
dem-4204	185	24	the	the	DET
dem-4204	185	25	equilibrium	equilibrium	NOUN
dem-4204	185	26	real	real	ADJ
dem-4204	185	27	exchange	exchange	NOUN
dem-4204	185	28	rate	rate	NOUN
dem-4204	185	29	,	,	PUNCT
dem-4204	185	30	wb	wb	PROPN
dem-4204	185	31	working	working	NOUN
dem-4204	185	32	paper	paper	NOUN
dem-4204	185	33	08/20/97	08/20/97	PROPN
dem-4204	185	34	,	,	PUNCT
dem-4204	185	35	world	world	PROPN
dem-4204	185	36	bank	bank	PROPN
dem-4204	185	37	,	,	PUNCT
dem-4204	185	38	washington	washington	PROPN
dem-4204	185	39	.	.	PUNCT
dem-4204	186	1	balassa	balassa	PROPN
dem-4204	186	2	,	,	PUNCT
dem-4204	186	3	b.	b.	PROPN
dem-4204	186	4	(	(	PUNCT
dem-4204	186	5	1964	1964	NUM
dem-4204	186	6	)	)	PUNCT
dem-4204	186	7	,	,	PUNCT
dem-4204	186	8	the	the	DET
dem-4204	186	9	purchasing	purchase	VERB
dem-4204	186	10	power	power	NOUN
dem-4204	186	11	parity	parity	NOUN
dem-4204	186	12	doctrine	doctrine	NOUN
dem-4204	186	13	:	:	PUNCT
dem-4204	186	14	a	a	DET
dem-4204	186	15	reappraisal	reappraisal	NOUN
dem-4204	186	16	,	,	PUNCT
dem-4204	186	17	journal	journal	NOUN
dem-4204	186	18	of	of	ADP
dem-4204	186	19	political	political	ADJ
dem-4204	186	20	economy	economy	NOUN
dem-4204	186	21	,	,	PUNCT
dem-4204	186	22	72	72	NUM
dem-4204	186	23	,	,	PUNCT
dem-4204	186	24	584–596	584–596	NUM
dem-4204	186	25	.	.	PUNCT
dem-4204	187	1	bęza	bęza	NOUN
dem-4204	187	2	-	-	PUNCT
dem-4204	187	3	bojanowska	bojanowska	NOUN
dem-4204	187	4	,	,	PUNCT
dem-4204	187	5	j.	j.	PROPN
dem-4204	187	6	,	,	PUNCT
dem-4204	187	7	macdonald	macdonald	PROPN
dem-4204	187	8	,	,	PUNCT
dem-4204	187	9	r.	r.	PROPN
dem-4204	187	10	(	(	PUNCT
dem-4204	187	11	2009	2009	NUM
dem-4204	187	12	)	)	PUNCT
dem-4204	187	13	,	,	PUNCT
dem-4204	187	14	the	the	DET
dem-4204	187	15	behavioural	behavioural	ADJ
dem-4204	187	16	zloty	zloty	ADJ
dem-4204	187	17	/	/	SYM
dem-4204	187	18	euro	euro	NOUN
dem-4204	187	19	equilibrium	equilibrium	NOUN
dem-4204	187	20	exchange	exchange	NOUN
dem-4204	187	21	rate	rate	NOUN
dem-4204	187	22	,	,	PUNCT
dem-4204	187	23	cesifo	cesifo	PROPN
dem-4204	187	24	working	work	VERB
dem-4204	187	25	paper	paper	PROPN
dem-4204	187	26	series	series	PROPN
dem-4204	187	27	no	no	PROPN
dem-4204	187	28	.	.	PROPN
dem-4204	187	29	2568	2568	NUM
dem-4204	187	30	,	,	PUNCT
dem-4204	187	31	university	university	NOUN
dem-4204	187	32	of	of	ADP
dem-4204	187	33	glasgow	glasgow	PROPN
dem-4204	187	34	,	,	PUNCT
dem-4204	187	35	glasgow	glasgow	PROPN
dem-4204	187	36	.	.	PUNCT
dem-4204	188	1	brook	brook	PROPN
dem-4204	188	2	,	,	PUNCT
dem-4204	188	3	a.	a.	PROPN
dem-4204	188	4	,	,	PUNCT
dem-4204	188	5	hagreaves	hagreave	NOUN
dem-4204	188	6	,	,	PUNCT
dem-4204	188	7	d.	d.	PROPN
dem-4204	188	8	(	(	PUNCT
dem-4204	188	9	2001	2001	NUM
dem-4204	188	10	)	)	PUNCT
dem-4204	188	11	,	,	PUNCT
dem-4204	188	12	ppp	ppp	NOUN
dem-4204	188	13	-	-	PUNCT
dem-4204	188	14	based	base	VERB
dem-4204	188	15	analysis	analysis	NOUN
dem-4204	188	16	of	of	ADP
dem-4204	188	17	new	new	PROPN
dem-4204	188	18	zealand	zealand	PROPN
dem-4204	188	19	’s	’s	PART
dem-4204	188	20	equilibrium	equilibrium	NOUN
dem-4204	188	21	exchange	exchange	NOUN
dem-4204	188	22	rate	rate	NOUN
dem-4204	188	23	,	,	PUNCT
dem-4204	188	24	discussion	discussion	NOUN
dem-4204	188	25	paper	paper	NOUN
dem-4204	188	26	series	series	PROPN
dem-4204	188	27	dp2001/01	dp2001/01	PROPN
dem-4204	188	28	,	,	PUNCT
dem-4204	188	29	reserve	reserve	PROPN
dem-4204	188	30	bank	bank	PROPN
dem-4204	188	31	of	of	ADP
dem-4204	188	32	new	new	PROPN
dem-4204	188	33	zealand	zealand	PROPN
dem-4204	188	34	,	,	PUNCT
dem-4204	188	35	wellington	wellington	PROPN
dem-4204	188	36	.	.	PUNCT
dem-4204	188	37	cassel	cassel	PROPN
dem-4204	188	38	,	,	PUNCT
dem-4204	188	39	g.	g.	PROPN
dem-4204	188	40	(	(	PUNCT
dem-4204	188	41	1918	1918	NUM
dem-4204	188	42	)	)	PUNCT
dem-4204	188	43	,	,	PUNCT
dem-4204	188	44	abnormal	abnormal	ADJ
dem-4204	188	45	deviations	deviation	NOUN
dem-4204	188	46	in	in	ADP
dem-4204	188	47	international	international	ADJ
dem-4204	188	48	exchanges	exchange	NOUN
dem-4204	188	49	,	,	PUNCT
dem-4204	188	50	economic	economic	ADJ
dem-4204	188	51	journal	journal	NOUN
dem-4204	188	52	,	,	PUNCT
dem-4204	188	53	blackwell	blackwell	NOUN
dem-4204	188	54	publishers	publisher	NOUN
dem-4204	188	55	,	,	PUNCT
dem-4204	188	56	oxford	oxford	NOUN
dem-4204	188	57	,	,	PUNCT
dem-4204	188	58	413–415	413–415	NUM
dem-4204	188	59	.	.	PUNCT
dem-4204	189	1	chortareas	chortarea	NOUN
dem-4204	189	2	,	,	PUNCT
dem-4204	189	3	g.e	g.e	PROPN
dem-4204	189	4	.	.	PROPN
dem-4204	189	5	,	,	PUNCT
dem-4204	189	6	driver	driver	PROPN
dem-4204	189	7	,	,	PUNCT
dem-4204	189	8	r.l	r.l	PROPN
dem-4204	189	9	.	.	PROPN
dem-4204	189	10	(	(	PUNCT
dem-4204	189	11	2001	2001	NUM
dem-4204	189	12	)	)	PUNCT
dem-4204	189	13	,	,	PUNCT
dem-4204	189	14	ppp	ppp	NOUN
dem-4204	189	15	and	and	CCONJ
dem-4204	189	16	the	the	DET
dem-4204	189	17	real	real	ADJ
dem-4204	189	18	exchange	exchange	NOUN
dem-4204	189	19	rate	rate	NOUN
dem-4204	189	20	–	–	PUNCT
dem-4204	189	21	real	real	ADJ
dem-4204	189	22	interest	interest	NOUN
dem-4204	189	23	rate	rate	NOUN
dem-4204	189	24	differential	differential	NOUN
dem-4204	189	25	puzzle	puzzle	NOUN
dem-4204	189	26	revisited	revisit	VERB
dem-4204	189	27	:	:	PUNCT
dem-4204	189	28	evidence	evidence	NOUN
dem-4204	189	29	from	from	ADP
dem-4204	189	30	non	non	ADJ
dem-4204	189	31	-	-	ADJ
dem-4204	189	32	stationary	stationary	ADJ
dem-4204	189	33	panel	panel	NOUN
dem-4204	189	34	data	datum	NOUN
dem-4204	189	35	,	,	PUNCT
dem-4204	189	36	bank	bank	PROPN
dem-4204	189	37	of	of	ADP
dem-4204	189	38	england	england	PROPN
dem-4204	189	39	,	,	PUNCT
dem-4204	189	40	london	london	PROPN
dem-4204	189	41	.	.	PUNCT
dem-4204	190	1	clark	clark	PROPN
dem-4204	190	2	,	,	PUNCT
dem-4204	190	3	p.b	p.b	PROPN
dem-4204	190	4	.	.	PROPN
dem-4204	190	5	,	,	PUNCT
dem-4204	190	6	macdonald	macdonald	PROPN
dem-4204	190	7	,	,	PUNCT
dem-4204	190	8	r.	r.	PROPN
dem-4204	190	9	(	(	PUNCT
dem-4204	190	10	1998	1998	NUM
dem-4204	190	11	)	)	PUNCT
dem-4204	190	12	,	,	PUNCT
dem-4204	190	13	exchange	exchange	NOUN
dem-4204	190	14	rates	rate	NOUN
dem-4204	190	15	and	and	CCONJ
dem-4204	190	16	economic	economic	ADJ
dem-4204	190	17	fundamentals	fundamental	NOUN
dem-4204	190	18	:	:	PUNCT
dem-4204	190	19	a	a	DET
dem-4204	190	20	methodological	methodological	ADJ
dem-4204	190	21	comparison	comparison	NOUN
dem-4204	190	22	of	of	ADP
dem-4204	190	23	beers	beer	NOUN
dem-4204	190	24	and	and	CCONJ
dem-4204	190	25	feers	feer	NOUN
dem-4204	190	26	,	,	PUNCT
dem-4204	190	27	imf	imf	PROPN
dem-4204	190	28	working	working	PROPN
dem-4204	190	29	paper	paper	PROPN
dem-4204	190	30	98/67	98/67	NUM
dem-4204	190	31	,	,	PUNCT
dem-4204	190	32	international	international	ADJ
dem-4204	190	33	monetary	monetary	ADJ
dem-4204	190	34	fund	fund	PROPN
dem-4204	190	35	,	,	PUNCT
dem-4204	190	36	washington	washington	PROPN
dem-4204	190	37	.	.	PUNCT
dem-4204	191	1	clark	clark	PROPN
dem-4204	191	2	,	,	PUNCT
dem-4204	191	3	p.b	p.b	PROPN
dem-4204	191	4	.	.	PROPN
dem-4204	191	5	,	,	PUNCT
dem-4204	191	6	macdonald	macdonald	PROPN
dem-4204	191	7	,	,	PUNCT
dem-4204	191	8	r.	r.	PROPN
dem-4204	191	9	(	(	PUNCT
dem-4204	191	10	2004	2004	NUM
dem-4204	191	11	)	)	PUNCT
dem-4204	191	12	,	,	PUNCT
dem-4204	191	13	filtering	filter	VERB
dem-4204	191	14	the	the	DET
dem-4204	191	15	beer	beer	NOUN
dem-4204	191	16	:	:	PUNCT
dem-4204	191	17	a	a	DET
dem-4204	191	18	permanent	permanent	ADJ
dem-4204	191	19	and	and	CCONJ
dem-4204	191	20	transitory	transitory	ADJ
dem-4204	191	21	decomposition	decomposition	NOUN
dem-4204	191	22	,	,	PUNCT
dem-4204	191	23	global	global	ADJ
dem-4204	191	24	finance	finance	NOUN
dem-4204	191	25	journal	journal	NOUN
dem-4204	191	26	,	,	PUNCT
dem-4204	191	27	15	15	NUM
dem-4204	191	28	,	,	PUNCT
dem-4204	191	29	29–56	29–56	NUM
dem-4204	191	30	.	.	PUNCT
dem-4204	192	1	edwards	edwards	PROPN
dem-4204	192	2	,	,	PUNCT
dem-4204	192	3	s.	s.	PROPN
dem-4204	192	4	,	,	PUNCT
dem-4204	192	5	savastano	savastano	NOUN
dem-4204	192	6	,	,	PUNCT
dem-4204	192	7	m.a	m.a	PROPN
dem-4204	192	8	.	.	PROPN
dem-4204	192	9	(	(	PUNCT
dem-4204	192	10	1999	1999	NUM
dem-4204	192	11	)	)	PUNCT
dem-4204	192	12	,	,	PUNCT
dem-4204	192	13	exchange	exchange	NOUN
dem-4204	192	14	rates	rate	NOUN
dem-4204	192	15	in	in	ADP
dem-4204	192	16	emerging	emerge	VERB
dem-4204	192	17	economies	economy	NOUN
dem-4204	192	18	:	:	PUNCT
dem-4204	192	19	what	what	PRON
dem-4204	192	20	do	do	AUX
dem-4204	192	21	we	we	PRON
dem-4204	192	22	know	know	VERB
dem-4204	192	23	?	?	PUNCT
dem-4204	193	1	what	what	PRON
dem-4204	193	2	do	do	AUX
dem-4204	193	3	we	we	PRON
dem-4204	193	4	need	need	VERB
dem-4204	193	5	to	to	PART
dem-4204	193	6	know	know	VERB
dem-4204	193	7	?	?	PUNCT
dem-4204	193	8	,	,	PUNCT
dem-4204	193	9	nber	nber	PROPN
dem-4204	193	10	working	working	PROPN
dem-4204	193	11	paper	paper	PROPN
dem-4204	193	12	no	no	INTJ
dem-4204	193	13	.	.	PROPN
dem-4204	194	1	7228	7228	NUM
dem-4204	194	2	,	,	PUNCT
dem-4204	194	3	national	national	ADJ
dem-4204	194	4	bureau	bureau	PROPN
dem-4204	194	5	of	of	ADP
dem-4204	194	6	economic	economic	ADJ
dem-4204	194	7	research	research	NOUN
dem-4204	194	8	,	,	PUNCT
dem-4204	194	9	cambridge	cambridge	PROPN
dem-4204	194	10	.	.	PUNCT
dem-4204	195	1	habermeier	habermeier	PROPN
dem-4204	195	2	,	,	PUNCT
dem-4204	195	3	k.	k.	PROPN
dem-4204	195	4	,	,	PUNCT
dem-4204	195	5	mesquita	mesquita	PROPN
dem-4204	195	6	,	,	PUNCT
dem-4204	195	7	m.	m.	NOUN
dem-4204	195	8	(	(	PUNCT
dem-4204	195	9	1999	1999	NUM
dem-4204	195	10	)	)	PUNCT
dem-4204	195	11	,	,	PUNCT
dem-4204	195	12	long	long	ADV
dem-4204	195	13	-	-	PUNCT
dem-4204	195	14	run	run	VERB
dem-4204	195	15	exchange	exchange	NOUN
dem-4204	195	16	rate	rate	NOUN
dem-4204	195	17	dynamics	dynamic	NOUN
dem-4204	195	18	:	:	PUNCT
dem-4204	195	19	a	a	DET
dem-4204	195	20	panel	panel	NOUN
dem-4204	195	21	data	datum	NOUN
dem-4204	195	22	study	study	NOUN
dem-4204	195	23	,	,	PUNCT
dem-4204	195	24	imf	imf	PROPN
dem-4204	195	25	working	working	PROPN
dem-4204	195	26	paper	paper	NOUN
dem-4204	195	27	wp/99/50	wp/99/50	PROPN
dem-4204	195	28	,	,	PUNCT
dem-4204	195	29	international	international	ADJ
dem-4204	195	30	monetary	monetary	ADJ
dem-4204	195	31	fund	fund	PROPN
dem-4204	195	32	,	,	PUNCT
dem-4204	195	33	washington	washington	PROPN
dem-4204	195	34	.	.	PUNCT
dem-4204	196	1	hinkle	hinkle	PROPN
dem-4204	196	2	,	,	PUNCT
dem-4204	196	3	l.	l.	PROPN
dem-4204	196	4	,	,	PUNCT
dem-4204	196	5	montiel	montiel	PROPN
dem-4204	196	6	,	,	PUNCT
dem-4204	196	7	p.	p.	PROPN
dem-4204	196	8	(	(	PUNCT
dem-4204	196	9	1999	1999	NUM
dem-4204	196	10	)	)	PUNCT
dem-4204	196	11	,	,	PUNCT
dem-4204	196	12	exchange	exchange	NOUN
dem-4204	196	13	rates	rate	NOUN
dem-4204	196	14	misalignment	misalignment	NOUN
dem-4204	196	15	.	.	PUNCT
dem-4204	197	1	concepts	concept	NOUN
dem-4204	197	2	and	and	CCONJ
dem-4204	197	3	measures	measure	NOUN
dem-4204	197	4	for	for	ADP
dem-4204	197	5	developing	develop	VERB
dem-4204	197	6	countries	country	NOUN
dem-4204	197	7	,	,	PUNCT
dem-4204	197	8	oxford	oxford	PROPN
dem-4204	197	9	university	university	PROPN
dem-4204	197	10	press	press	NOUN
dem-4204	197	11	,	,	PUNCT
dem-4204	197	12	new	new	PROPN
dem-4204	197	13	york	york	PROPN
dem-4204	197	14	.	.	PUNCT
dem-4204	198	1	i	i	PRON
dem-4204	198	2	m	m	PROPN
dem-4204	198	3	,	,	PUNCT
dem-4204	198	4	k.s	k.s	PROPN
dem-4204	198	5	.	.	PROPN
dem-4204	198	6	,	,	PUNCT
dem-4204	198	7	pesaran	pesaran	VERB
dem-4204	198	8	,	,	PUNCT
dem-4204	198	9	m.h	m.h	PROPN
dem-4204	198	10	.	.	PROPN
dem-4204	198	11	,	,	PUNCT
dem-4204	198	12	shin	shin	PROPN
dem-4204	198	13	,	,	PUNCT
dem-4204	198	14	y.	y.	PROPN
dem-4204	198	15	(	(	PUNCT
dem-4204	198	16	1997	1997	NUM
dem-4204	198	17	)	)	PUNCT
dem-4204	198	18	,	,	PUNCT
dem-4204	198	19	testing	test	VERB
dem-4204	198	20	for	for	ADP
dem-4204	198	21	unit	unit	NOUN
dem-4204	198	22	roots	root	NOUN
dem-4204	198	23	in	in	ADP
dem-4204	198	24	heterogeneous	heterogeneous	ADJ
dem-4204	198	25	panels	panel	NOUN
dem-4204	198	26	,	,	PUNCT
dem-4204	198	27	discussion	discussion	NOUN
dem-4204	198	28	paper	paper	NOUN
dem-4204	198	29	,	,	PUNCT
dem-4204	198	30	university	university	PROPN
dem-4204	198	31	of	of	ADP
dem-4204	198	32	cambridge	cambridge	PROPN
dem-4204	198	33	,	,	PUNCT
dem-4204	198	34	cambridge	cambridge	PROPN
dem-4204	198	35	.	.	PUNCT
dem-4204	199	1	i	i	PRON
dem-4204	199	2	m	m	PROPN
dem-4204	199	3	,	,	PUNCT
dem-4204	199	4	k.s	k.s	PROPN
dem-4204	199	5	.	.	PROPN
dem-4204	199	6	,	,	PUNCT
dem-4204	199	7	pesaran	pesaran	VERB
dem-4204	199	8	,	,	PUNCT
dem-4204	199	9	m.h	m.h	PROPN
dem-4204	199	10	.	.	PROPN
dem-4204	199	11	,	,	PUNCT
dem-4204	199	12	shin	shin	PROPN
dem-4204	199	13	,	,	PUNCT
dem-4204	199	14	y.	y.	PROPN
dem-4204	199	15	(	(	PUNCT
dem-4204	199	16	2003	2003	NUM
dem-4204	199	17	)	)	PUNCT
dem-4204	199	18	,	,	PUNCT
dem-4204	199	19	testing	test	VERB
dem-4204	199	20	for	for	ADP
dem-4204	199	21	unit	unit	NOUN
dem-4204	199	22	roots	root	NOUN
dem-4204	199	23	in	in	ADP
dem-4204	199	24	heterogeneous	heterogeneous	ADJ
dem-4204	199	25	panels	panel	NOUN
dem-4204	199	26	,	,	PUNCT
dem-4204	199	27	journal	journal	NOUN
dem-4204	199	28	of	of	ADP
dem-4204	199	29	econometrics	econometric	NOUN
dem-4204	199	30	,	,	PUNCT
dem-4204	199	31	115	115	NUM
dem-4204	199	32	,	,	PUNCT
dem-4204	199	33	53–74	53–74	NUM
dem-4204	199	34	.	.	PUNCT
dem-4204	200	1	johansen	johansen	PROPN
dem-4204	200	2	,	,	PUNCT
dem-4204	200	3	s.	s.	PROPN
dem-4204	200	4	,	,	PUNCT
dem-4204	200	5	juselius	juselius	NOUN
dem-4204	200	6	,	,	PUNCT
dem-4204	200	7	k.	k.	PROPN
dem-4204	200	8	(	(	PUNCT
dem-4204	200	9	1992	1992	NUM
dem-4204	200	10	)	)	PUNCT
dem-4204	200	11	,	,	PUNCT
dem-4204	200	12	testing	test	VERB
dem-4204	200	13	structural	structural	ADJ
dem-4204	200	14	hypothesis	hypothesis	NOUN
dem-4204	200	15	in	in	ADP
dem-4204	200	16	a	a	DET
dem-4204	200	17	multivariate	multivariate	NOUN
dem-4204	200	18	cointegration	cointegration	NOUN
dem-4204	200	19	analysis	analysis	NOUN
dem-4204	200	20	of	of	ADP
dem-4204	200	21	the	the	DET
dem-4204	200	22	ppp	ppp	NOUN
dem-4204	200	23	and	and	CCONJ
dem-4204	200	24	the	the	DET
dem-4204	200	25	uip	uip	PROPN
dem-4204	200	26	for	for	ADP
dem-4204	200	27	uk	uk	PROPN
dem-4204	200	28	,	,	PUNCT
dem-4204	200	29	journal	journal	NOUN
dem-4204	200	30	of	of	ADP
dem-4204	200	31	econometrics	econometric	NOUN
dem-4204	200	32	,	,	PUNCT
dem-4204	200	33	53	53	NUM
dem-4204	200	34	,	,	PUNCT
dem-4204	200	35	211–244	211–244	NUM
dem-4204	200	36	.	.	PUNCT
dem-4204	201	1	macdonald	macdonald	PROPN
dem-4204	201	2	,	,	PUNCT
dem-4204	201	3	r.	r.	PROPN
dem-4204	201	4	,	,	PUNCT
dem-4204	201	5	nagayasu	nagayasu	PROPN
dem-4204	201	6	,	,	PUNCT
dem-4204	201	7	j.	j.	PROPN
dem-4204	201	8	(	(	PUNCT
dem-4204	201	9	1998	1998	NUM
dem-4204	201	10	)	)	PUNCT
dem-4204	201	11	,	,	PUNCT
dem-4204	201	12	on	on	ADP
dem-4204	201	13	the	the	DET
dem-4204	201	14	japanese	japanese	ADJ
dem-4204	201	15	yen	yen	PROPN
dem-4204	201	16	-	-	PUNCT
dem-4204	201	17	u.s	u.s	PROPN
dem-4204	201	18	.	.	PROPN
dem-4204	201	19	dollar	dollar	PROPN
dem-4204	201	20	exchange	exchange	NOUN
dem-4204	201	21	rate	rate	NOUN
dem-4204	201	22	:	:	PUNCT
dem-4204	201	23	a	a	DET
dem-4204	201	24	structural	structural	ADJ
dem-4204	201	25	economic	economic	ADJ
dem-4204	201	26	model	model	NOUN
dem-4204	201	27	based	base	VERB
dem-4204	201	28	on	on	ADP
dem-4204	201	29	real	real	ADJ
dem-4204	201	30	interest	interest	NOUN
dem-4204	201	31	differentials	differential	NOUN
dem-4204	201	32	,	,	PUNCT
dem-4204	201	33	journal	journal	NOUN
dem-4204	201	34	of	of	ADP
dem-4204	201	35	the	the	DET
dem-4204	201	36	japanese	japanese	ADJ
dem-4204	201	37	and	and	CCONJ
dem-4204	201	38	international	international	ADJ
dem-4204	201	39	economies	economy	NOUN
dem-4204	201	40	,	,	PUNCT
dem-4204	201	41	12	12	NUM
dem-4204	201	42	,	,	PUNCT
dem-4204	201	43	75–102	75–102	NUM
dem-4204	201	44	.	.	PUNCT
dem-4204	202	1	dorota	dorota	PROPN
dem-4204	202	2	górecka	górecka	PROPN
dem-4204	202	3	,	,	PUNCT
dem-4204	202	4	dominik	dominik	PROPN
dem-4204	202	5	śliwicki	śliwicki	PROPN
dem-4204	203	1	60	60	NUM
dem-4204	203	2	macdonald	macdonald	PROPN
dem-4204	203	3	,	,	PUNCT
dem-4204	203	4	r.	r.	PROPN
dem-4204	203	5	,	,	PUNCT
dem-4204	203	6	ricci	ricci	PROPN
dem-4204	203	7	,	,	PUNCT
dem-4204	203	8	l.	l.	PROPN
dem-4204	203	9	(	(	PUNCT
dem-4204	203	10	2001	2001	NUM
dem-4204	203	11	)	)	PUNCT
dem-4204	203	12	,	,	PUNCT
dem-4204	203	13	ppp	ppp	NOUN
dem-4204	203	14	and	and	CCONJ
dem-4204	203	15	balassa	balassa	NOUN
dem-4204	203	16	-	-	PUNCT
dem-4204	203	17	samuelson	samuelson	NOUN
dem-4204	203	18	effect	effect	NOUN
dem-4204	203	19	:	:	PUNCT
dem-4204	203	20	the	the	DET
dem-4204	203	21	role	role	NOUN
dem-4204	203	22	of	of	ADP
dem-4204	203	23	the	the	DET
dem-4204	203	24	distribution	distribution	NOUN
dem-4204	203	25	sector	sector	NOUN
dem-4204	203	26	,	,	PUNCT
dem-4204	203	27	imf	imf	PROPN
dem-4204	203	28	working	working	PROPN
dem-4204	203	29	paper	paper	NOUN
dem-4204	203	30	wp/01/38	wp/01/38	PROPN
dem-4204	203	31	,	,	PUNCT
dem-4204	203	32	international	international	ADJ
dem-4204	203	33	monetary	monetary	ADJ
dem-4204	203	34	fund	fund	PROPN
dem-4204	203	35	,	,	PUNCT
dem-4204	203	36	washington	washington	PROPN
dem-4204	203	37	.	.	PUNCT
dem-4204	203	38	rogoff	rogoff	PROPN
dem-4204	203	39	,	,	PUNCT
dem-4204	203	40	k.	k.	PROPN
dem-4204	203	41	(	(	PUNCT
dem-4204	203	42	1996	1996	NUM
dem-4204	203	43	)	)	PUNCT
dem-4204	203	44	,	,	PUNCT
dem-4204	203	45	the	the	DET
dem-4204	203	46	purchasing	purchase	VERB
dem-4204	203	47	power	power	NOUN
dem-4204	203	48	parity	parity	NOUN
dem-4204	203	49	puzzle	puzzle	NOUN
dem-4204	203	50	,	,	PUNCT
dem-4204	203	51	journal	journal	NOUN
dem-4204	203	52	of	of	ADP
dem-4204	203	53	economic	economic	ADJ
dem-4204	203	54	literature	literature	NOUN
dem-4204	203	55	,	,	PUNCT
dem-4204	203	56	34	34	NUM
dem-4204	203	57	,	,	PUNCT
dem-4204	203	58	647–668	647–668	NUM
dem-4204	203	59	.	.	PUNCT
dem-4204	204	1	williamson	williamson	PROPN
dem-4204	204	2	,	,	PUNCT
dem-4204	204	3	j.	j.	PROPN
dem-4204	204	4	(	(	PUNCT
dem-4204	204	5	1983	1983	NUM
dem-4204	204	6	)	)	PUNCT
dem-4204	204	7	,	,	PUNCT
dem-4204	204	8	the	the	DET
dem-4204	204	9	exchange	exchange	NOUN
dem-4204	204	10	rate	rate	NOUN
dem-4204	204	11	system	system	NOUN
dem-4204	204	12	,	,	PUNCT
dem-4204	204	13	institute	institute	NOUN
dem-4204	204	14	for	for	ADP
dem-4204	204	15	international	international	ADJ
dem-4204	204	16	economics	economic	NOUN
dem-4204	204	17	,	,	PUNCT
dem-4204	204	18	washington	washington	PROPN
dem-4204	204	19	.	.	PUNCT
dem-4204	205	1	williamson	williamson	PROPN
dem-4204	205	2	,	,	PUNCT
dem-4204	205	3	j.	j.	PROPN
dem-4204	205	4	(	(	PUNCT
dem-4204	205	5	1994	1994	NUM
dem-4204	205	6	)	)	PUNCT
dem-4204	205	7	,	,	PUNCT
dem-4204	205	8	estimates	estimate	NOUN
dem-4204	205	9	of	of	ADP
dem-4204	205	10	feers	feer	NOUN
dem-4204	205	11	,	,	PUNCT
dem-4204	205	12	[	[	X
dem-4204	205	13	in	in	ADP
dem-4204	205	14	:]	:]	PROPN
dem-4204	205	15	williamson	williamson	PROPN
dem-4204	205	16	j.	j.	PROPN
dem-4204	205	17	(	(	PUNCT
dem-4204	205	18	ed	ed	NOUN
dem-4204	205	19	.	.	PUNCT
dem-4204	205	20	)	)	PUNCT
dem-4204	205	21	,	,	PUNCT
dem-4204	205	22	estimating	estimate	VERB
dem-4204	205	23	equilibrium	equilibrium	NOUN
dem-4204	205	24	exchange	exchange	NOUN
dem-4204	205	25	rates	rate	NOUN
dem-4204	205	26	,	,	PUNCT
dem-4204	205	27	institute	institute	NOUN
dem-4204	205	28	for	for	ADP
dem-4204	205	29	international	international	ADJ
dem-4204	205	30	economics	economic	NOUN
dem-4204	205	31	,	,	PUNCT
dem-4204	205	32	washington	washington	PROPN
dem-4204	205	33	.	.	PUNCT
dem-4204	206	1	zastosowanie	zastosowanie	PROPN
dem-4204	206	2	modeli	modeli	PROPN
dem-4204	206	3	panelowych	panelowych	PROPN
dem-4204	206	4	do	do	VERB
dem-4204	206	5	modelowania	modelowania	PROPN
dem-4204	206	6	kursów	kursów	PROPN
dem-4204	206	7	walutowych	walutowych	PROPN
dem-4204	206	8	dla	dla	PROPN
dem-4204	206	9	krajów	krajów	PROPN
dem-4204	206	10	skandynawskich	skandynawskich	PROPN
dem-4204	207	1	i	i	PRON
dem-4204	207	2	europy	europy	VERB
dem-4204	207	3	środkowo	środkowo	PROPN
dem-4204	207	4	-	-	PUNCT
dem-4204	207	5	wschodniej	wschodniej	PROPN
dem-4204	207	6	z	z	PROPN
dem-4204	207	7	a	a	DET
dem-4204	207	8	r	r	NOUN
dem-4204	207	9	y	y	PROPN
dem-4204	207	10	s	s	PROPN
dem-4204	207	11	t	t	NOUN
dem-4204	207	12	r	r	NOUN
dem-4204	207	13	e	e	PROPN
dem-4204	207	14	ś	ś	PROPN
dem-4204	207	15	c	c	PROPN
dem-4204	207	16	i.	i.	PROPN
dem-4204	207	17	w	w	PROPN
dem-4204	207	18	artykule	artykule	PROPN
dem-4204	207	19	podjęto	podjęto	VERB
dem-4204	207	20	próbę	próbę	PROPN
dem-4204	207	21	empirycznej	empirycznej	PROPN
dem-4204	207	22	weryfikacji	weryfikacji	PROPN
dem-4204	207	23	teorii	teorii	PROPN
dem-4204	207	24	parytetu	parytetu	PROPN
dem-4204	208	1	siły	siły	PROPN
dem-4204	208	2	nabywczej	nabywczej	PROPN
dem-4204	208	3	w	w	PROPN
dem-4204	208	4	odniesieniu	odniesieniu	PROPN
dem-4204	208	5	do	do	AUX
dem-4204	208	6	sześciu	sześciu	VERB
dem-4204	208	7	krajów	krajów	PROPN
dem-4204	208	8	członkowskich	członkowskich	PROPN
dem-4204	208	9	oecd	oecd	PROPN
dem-4204	208	10	:	:	PUNCT
dem-4204	208	11	danii	danii	NOUN
dem-4204	208	12	,	,	PUNCT
dem-4204	208	13	norwegii	norwegii	PROPN
dem-4204	208	14	i	i	PROPN
dem-4204	208	15	szwecji	szwecji	NOUN
dem-4204	208	16	oraz	oraz	PROPN
dem-4204	208	17	czech	czech	PROPN
dem-4204	208	18	,	,	PUNCT
dem-4204	208	19	polski	polski	PROPN
dem-4204	208	20	i	i	PROPN
dem-4204	208	21	węgier	węgier	PROPN
dem-4204	208	22	.	.	PUNCT
dem-4204	209	1	w	w	PROPN
dem-4204	209	2	związku	związku	NOUN
dem-4204	209	3	z	z	PROPN
dem-4204	209	4	tym	tym	NOUN
dem-4204	209	5	,	,	PUNCT
dem-4204	209	6	że	że	PROPN
dem-4204	209	7	uzyskane	uzyskane	PROPN
dem-4204	209	8	wyniki	wyniki	PROPN
dem-4204	209	9	nie	nie	PROPN
dem-4204	209	10	potwierdziły	potwierdziły	PROPN
dem-4204	209	11	prawdziwości	prawdziwości	PROPN
dem-4204	209	12	weryfikowanej	weryfikowanej	PROPN
dem-4204	209	13	teorii	teorii	PROPN
dem-4204	209	14	,	,	PUNCT
dem-4204	209	15	celem	celem	NOUN
dem-4204	209	16	pracy	pracy	NOUN
dem-4204	209	17	stało	stało	VERB
dem-4204	209	18	się	się	PROPN
dem-4204	209	19	zidentyfikowanie	zidentyfikowanie	PROPN
dem-4204	209	20	czynników	czynników	PROPN
dem-4204	209	21	wpływających	wpływających	VERB
dem-4204	209	22	na	na	INTJ
dem-4204	209	23	poziom	poziom	PROPN
dem-4204	209	24	kursów	kursów	PROPN
dem-4204	209	25	walutowych	walutowych	PROPN
dem-4204	209	26	państw	państw	PROPN
dem-4204	209	27	skandynawskich	skandynawskich	PROPN
dem-4204	209	28	oraz	oraz	PROPN
dem-4204	209	29	państw	państw	PROPN
dem-4204	209	30	europy	europy	VERB
dem-4204	209	31	środkowo	środkowo	PROPN
dem-4204	209	32	-	-	PUNCT
dem-4204	209	33	wschodniej	wschodniej	PROPN
dem-4204	209	34	w	w	ADP
dem-4204	209	35	latach	latach	PROPN
dem-4204	209	36	1999	1999	NUM
dem-4204	209	37	-	-	SYM
dem-4204	209	38	2008	2008	NUM
dem-4204	209	39	oraz	oraz	PROPN
dem-4204	209	40	wskazanie	wskazanie	PROPN
dem-4204	209	41	różnic	różnic	PROPN
dem-4204	209	42	między	między	PROPN
dem-4204	209	43	nimi	nimi	PROPN
dem-4204	209	44	.	.	PUNCT
dem-4204	210	1	s	s	PROPN
dem-4204	210	2	ł	ł	PROPN
dem-4204	210	3	o	o	X
dem-4204	210	4	w	w	NOUN
dem-4204	210	5	a	a	DET
dem-4204	210	6	k	k	X
dem-4204	210	7	l	l	NOUN
dem-4204	210	8	u	u	NOUN
dem-4204	211	1	c	c	NOUN
dem-4204	211	2	z	z	NOUN
dem-4204	211	3	o	o	X
dem-4204	211	4	w	w	PROPN
dem-4204	212	1	e	e	NOUN
dem-4204	212	2	:	:	PUNCT
dem-4204	212	3	teoria	teoria	PROPN
dem-4204	212	4	parytetu	parytetu	PROPN
dem-4204	212	5	siły	siły	PROPN
dem-4204	212	6	nabywczej	nabywczej	PROPN
dem-4204	212	7	(	(	PUNCT
dem-4204	212	8	purchasing	purchase	VERB
dem-4204	212	9	power	power	NOUN
dem-4204	212	10	parity	parity	NOUN
dem-4204	212	11	,	,	PUNCT
dem-4204	212	12	ppp	ppp	PROPN
dem-4204	212	13	)	)	PUNCT
dem-4204	212	14	,	,	PUNCT
dem-4204	212	15	długookresowy	długookresowy	PROPN
dem-4204	212	16	kurs	kurs	PROPN
dem-4204	212	17	równowagi	równowagi	PROPN
dem-4204	212	18	,	,	PUNCT
dem-4204	212	19	modele	modele	PROPN
dem-4204	212	20	panelowe	panelowe	PROPN
dem-4204	212	21	z	z	PROPN
dem-4204	212	22	ustalonymi	ustalonymi	ADJ
dem-4204	212	23	efektami	efektami	NOUN
dem-4204	212	24	indywidualnymi	indywidualnymi	NOUN
dem-4204	212	25	.	.	PUNCT