id	sid	tid	token	lemma	pos
dem-5678	1	1	microsoft	microsoft	PROPN
dem-5678	1	2	word	word	NOUN
dem-5678	1	3	dem_2014_125to144.docx	dem_2014_125to144.docx	PROPN
dem-5678	1	4	©	©	PROPN
dem-5678	1	5	2014	2014	NUM
dem-5678	1	6	nicolaus	nicolaus	PROPN
dem-5678	1	7	copernicus	copernicus	PROPN
dem-5678	1	8	university	university	PROPN
dem-5678	1	9	.	.	PUNCT
dem-5678	2	1	all	all	DET
dem-5678	2	2	rights	right	NOUN
dem-5678	2	3	reserved	reserve	VERB
dem-5678	2	4	.	.	PUNCT
dem-5678	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-5678	4	1	d	d	PUNCT
dem-5678	4	2	y	y	PROPN
dem-5678	4	3	n	n	PROPN
dem-5678	4	4	a	a	PRON
dem-5678	4	5	m	m	VERB
dem-5678	5	1	i	i	NOUN
dem-5678	5	2	c	c	NOUN
dem-5678	5	3	e	e	NOUN
dem-5678	5	4	c	c	NOUN
dem-5678	5	5	o	o	X
dem-5678	6	1	n	n	INTJ
dem-5678	6	2	o	o	NOUN
dem-5678	6	3	m	m	VERB
dem-5678	7	1	e	e	NOUN
dem-5678	7	2	t	t	NOUN
dem-5678	7	3	r	r	NOUN
dem-5678	7	4	i	i	NOUN
dem-5678	7	5	c	c	NOUN
dem-5678	7	6	m	m	VERB
dem-5678	7	7	o	o	NOUN
dem-5678	7	8	d	d	X
dem-5678	7	9	e	e	X
dem-5678	7	10	l	l	NOUN
dem-5678	7	11	s	s	X
dem-5678	7	12	doi	doi	NOUN
dem-5678	7	13	:	:	PUNCT
dem-5678	7	14	http://dx.doi.org/10.12775/dem.2014.007	http://dx.doi.org/10.12775/dem.2014.007	ADJ
dem-5678	7	15	vol	vol	NOUN
dem-5678	7	16	.	.	PROPN
dem-5678	7	17	4	4	NUM
dem-5678	7	18	(	(	PUNCT
dem-5678	7	19	2014	2014	NUM
dem-5678	7	20	)	)	PUNCT
dem-5678	7	21	125−144	125−144	NUM
dem-5678	7	22	submitted	submit	VERB
dem-5678	7	23	october	october	PROPN
dem-5678	7	24	20	20	NUM
dem-5678	7	25	,	,	PUNCT
dem-5678	7	26	2014	2014	NUM
dem-5678	7	27	issn	issn	PROPN
dem-5678	7	28	accepted	accept	VERB
dem-5678	7	29	december	december	PROPN
dem-5678	7	30	23	23	NUM
dem-5678	7	31	,	,	PUNCT
dem-5678	7	32	2014	2014	NUM
dem-5678	7	33	1234	1234	NUM
dem-5678	7	34	-	-	SYM
dem-5678	7	35	3862	3862	NUM
dem-5678	7	36	elżbieta	elżbieta	PROPN
dem-5678	7	37	szulc	szulc	PROPN
dem-5678	7	38	*	*	PROPN
dem-5678	7	39	,	,	PUNCT
dem-5678	7	40	dagna	dagna	VERB
dem-5678	7	41	wleklińska	wleklińska	NOUN
dem-5678	7	42	,	,	PUNCT
dem-5678	7	43	karolina	karolina	PROPN
dem-5678	7	44	górna	górna	PROPN
dem-5678	7	45	,	,	PUNCT
dem-5678	7	46	joanna	joanna	PROPN
dem-5678	7	47	górna	górna	PROPN
dem-5678	7	48	the	the	DET
dem-5678	7	49	significance	significance	NOUN
dem-5678	7	50	of	of	ADP
dem-5678	7	51	distance	distance	NOUN
dem-5678	7	52	between	between	ADP
dem-5678	7	53	stock	stock	NOUN
dem-5678	7	54	exchanges	exchange	NOUN
dem-5678	7	55	undergoing	undergo	VERB
dem-5678	7	56	the	the	DET
dem-5678	7	57	process	process	NOUN
dem-5678	7	58	of	of	ADP
dem-5678	7	59	convergence	convergence	NOUN
dem-5678	7	60	:	:	PUNCT
dem-5678	7	61	an	an	DET
dem-5678	7	62	analysis	analysis	NOUN
dem-5678	7	63	of	of	ADP
dem-5678	7	64	selected	select	VERB
dem-5678	7	65	world	world	NOUN
dem-5678	7	66	stock	stock	NOUN
dem-5678	7	67	exchanges	exchange	NOUN
dem-5678	7	68	during	during	ADP
dem-5678	7	69	the	the	DET
dem-5678	7	70	period	period	NOUN
dem-5678	7	71	of	of	ADP
dem-5678	7	72	2004–2012	2004–2012	NUM
dem-5678	7	73	a	a	DET
dem-5678	7	74	b	b	PROPN
dem-5678	7	75	s	s	ADP
dem-5678	7	76	t	t	PROPN
dem-5678	7	77	r	r	NOUN
dem-5678	7	78	a	a	DET
dem-5678	7	79	c	c	NOUN
dem-5678	7	80	t.	t.	NOUN
dem-5678	7	81	the	the	DET
dem-5678	7	82	paper	paper	NOUN
dem-5678	7	83	concerns	concern	VERB
dem-5678	7	84	the	the	DET
dem-5678	7	85	convergence	convergence	NOUN
dem-5678	7	86	of	of	ADP
dem-5678	7	87	selected	select	VERB
dem-5678	7	88	world	world	NOUN
dem-5678	7	89	stock	stock	NOUN
dem-5678	7	90	exchanges	exchange	NOUN
dem-5678	7	91	from	from	ADP
dem-5678	7	92	the	the	DET
dem-5678	7	93	point	point	NOUN
dem-5678	7	94	of	of	ADP
dem-5678	7	95	view	view	NOUN
dem-5678	7	96	of	of	ADP
dem-5678	7	97	their	their	PRON
dem-5678	7	98	development	development	NOUN
dem-5678	7	99	in	in	ADP
dem-5678	7	100	the	the	DET
dem-5678	7	101	context	context	NOUN
dem-5678	7	102	of	of	ADP
dem-5678	7	103	geographical	geographical	ADJ
dem-5678	7	104	and	and	CCONJ
dem-5678	7	105	economic	economic	ADJ
dem-5678	7	106	distance	distance	NOUN
dem-5678	7	107	between	between	ADP
dem-5678	7	108	them	they	PRON
dem-5678	7	109	.	.	PUNCT
dem-5678	8	1	it	it	PRON
dem-5678	8	2	presents	present	VERB
dem-5678	8	3	the	the	DET
dem-5678	8	4	methodological	methodological	ADJ
dem-5678	8	5	approach	approach	NOUN
dem-5678	8	6	which	which	PRON
dem-5678	8	7	points	point	VERB
dem-5678	8	8	up	up	ADP
dem-5678	8	9	the	the	DET
dem-5678	8	10	necessity	necessity	NOUN
dem-5678	8	11	of	of	ADP
dem-5678	8	12	taking	take	VERB
dem-5678	8	13	into	into	ADP
dem-5678	8	14	account	account	NOUN
dem-5678	8	15	spatial	spatial	ADJ
dem-5678	8	16	and	and	CCONJ
dem-5678	8	17	economic	economic	ADJ
dem-5678	8	18	connections	connection	NOUN
dem-5678	8	19	among	among	ADP
dem-5678	8	20	stock	stock	NOUN
dem-5678	8	21	markets	market	NOUN
dem-5678	8	22	in	in	ADP
dem-5678	8	23	convergence	convergence	NOUN
dem-5678	8	24	analyses	analysis	NOUN
dem-5678	8	25	.	.	PUNCT
dem-5678	9	1	the	the	DET
dem-5678	9	2	research	research	NOUN
dem-5678	9	3	includes	include	VERB
dem-5678	9	4	46	46	NUM
dem-5678	9	5	largest	large	ADJ
dem-5678	9	6	trading	trading	NOUN
dem-5678	9	7	floors	floor	NOUN
dem-5678	9	8	analyzed	analyze	VERB
dem-5678	9	9	in	in	ADP
dem-5678	9	10	the	the	DET
dem-5678	9	11	period	period	NOUN
dem-5678	9	12	of	of	ADP
dem-5678	9	13	2004–2012	2004–2012	NUM
dem-5678	9	14	.	.	PUNCT
dem-5678	10	1	the	the	DET
dem-5678	10	2	empirical	empirical	ADJ
dem-5678	10	3	data	datum	NOUN
dem-5678	10	4	refer	refer	VERB
dem-5678	10	5	to	to	ADP
dem-5678	10	6	six	six	NUM
dem-5678	10	7	diagnostic	diagnostic	ADJ
dem-5678	10	8	variables	variable	NOUN
dem-5678	10	9	acknowledged	acknowledge	VERB
dem-5678	10	10	as	as	ADP
dem-5678	10	11	the	the	DET
dem-5678	10	12	important	important	ADJ
dem-5678	10	13	determinants	determinant	NOUN
dem-5678	10	14	of	of	ADP
dem-5678	10	15	the	the	DET
dem-5678	10	16	development	development	NOUN
dem-5678	10	17	of	of	ADP
dem-5678	10	18	stock	stock	NOUN
dem-5678	10	19	markets	market	NOUN
dem-5678	10	20	.	.	PUNCT
dem-5678	11	1	k	k	PROPN
dem-5678	11	2	e	e	PROPN
dem-5678	11	3	y	y	PROPN
dem-5678	11	4	w	w	NOUN
dem-5678	11	5	o	o	NOUN
dem-5678	11	6	r	r	NOUN
dem-5678	11	7	d	d	NOUN
dem-5678	11	8	s	s	X
dem-5678	11	9	:	:	PUNCT
dem-5678	11	10	stock	stock	NOUN
dem-5678	11	11	exchanges	exchange	NOUN
dem-5678	11	12	,	,	PUNCT
dem-5678	11	13	convergence	convergence	NOUN
dem-5678	11	14	,	,	PUNCT
dem-5678	11	15	physical	physical	ADJ
dem-5678	11	16	and	and	CCONJ
dem-5678	11	17	economic	economic	ADJ
dem-5678	11	18	distance	distance	NOUN
dem-5678	11	19	,	,	PUNCT
dem-5678	11	20	connectivity	connectivity	NOUN
dem-5678	11	21	matrix	matrix	NOUN
dem-5678	11	22	,	,	PUNCT
dem-5678	11	23	spatial	spatial	ADJ
dem-5678	11	24	panel	panel	NOUN
dem-5678	11	25	models	model	NOUN
dem-5678	11	26	.	.	PUNCT
dem-5678	12	1	j	j	PROPN
dem-5678	12	2	e	e	PROPN
dem-5678	12	3	l	l	PROPN
dem-5678	12	4	classification	classification	NOUN
dem-5678	12	5	:	:	PUNCT
dem-5678	12	6	c10	c10	PROPN
dem-5678	12	7	,	,	PUNCT
dem-5678	12	8	c12	c12	PROPN
dem-5678	12	9	,	,	PUNCT
dem-5678	12	10	c58	c58	PROPN
dem-5678	12	11	,	,	PUNCT
dem-5678	12	12	g15	g15	PROPN
dem-5678	12	13	.	.	PUNCT
dem-5678	12	14	introduction	introduction	NOUN
dem-5678	12	15	the	the	DET
dem-5678	12	16	paper	paper	NOUN
dem-5678	12	17	concerns	concern	VERB
dem-5678	12	18	the	the	DET
dem-5678	12	19	convergence	convergence	NOUN
dem-5678	12	20	of	of	ADP
dem-5678	12	21	selected	select	VERB
dem-5678	12	22	world	world	NOUN
dem-5678	12	23	stock	stock	NOUN
dem-5678	12	24	exchanges	exchange	NOUN
dem-5678	12	25	in	in	ADP
dem-5678	12	26	the	the	DET
dem-5678	12	27	context	context	NOUN
dem-5678	12	28	of	of	ADP
dem-5678	12	29	geographical	geographical	ADJ
dem-5678	12	30	and	and	CCONJ
dem-5678	12	31	economic	economic	ADJ
dem-5678	12	32	distance	distance	NOUN
dem-5678	12	33	between	between	ADP
dem-5678	12	34	them	they	PRON
dem-5678	12	35	.	.	PUNCT
dem-5678	13	1	the	the	DET
dem-5678	13	2	importance	importance	NOUN
dem-5678	13	3	of	of	ADP
dem-5678	13	4	the	the	DET
dem-5678	13	5	geographical	geographical	ADJ
dem-5678	13	6	and	and	CCONJ
dem-5678	13	7	economic	economic	ADJ
dem-5678	13	8	distance	distance	NOUN
dem-5678	13	9	in	in	ADP
dem-5678	13	10	revealing	reveal	VERB
dem-5678	13	11	the	the	DET
dem-5678	13	12	linkages	linkage	NOUN
dem-5678	13	13	between	between	ADP
dem-5678	13	14	stocks	stock	NOUN
dem-5678	13	15	has	have	AUX
dem-5678	13	16	already	already	ADV
dem-5678	13	17	been	be	AUX
dem-5678	13	18	considered	consider	VERB
dem-5678	13	19	in	in	ADP
dem-5678	13	20	literature	literature	NOUN
dem-5678	13	21	on	on	ADP
dem-5678	13	22	the	the	DET
dem-5678	13	23	subject	subject	NOUN
dem-5678	13	24	*	*	PUNCT
dem-5678	13	25	correspondence	correspondence	NOUN
dem-5678	13	26	to	to	ADP
dem-5678	13	27	:	:	PUNCT
dem-5678	13	28	elżbieta	elżbieta	PROPN
dem-5678	13	29	szulc	szulc	PROPN
dem-5678	13	30	,	,	PUNCT
dem-5678	13	31	nicolaus	nicolaus	PROPN
dem-5678	13	32	copernicus	copernicus	PROPN
dem-5678	13	33	university	university	PROPN
dem-5678	13	34	,	,	PUNCT
dem-5678	13	35	department	department	NOUN
dem-5678	13	36	of	of	ADP
dem-5678	13	37	econometrics	econometric	NOUN
dem-5678	13	38	and	and	CCONJ
dem-5678	13	39	statistics	statistic	NOUN
dem-5678	13	40	,	,	PUNCT
dem-5678	13	41	13a	13a	PROPN
dem-5678	13	42	gagarina	gagarina	PROPN
dem-5678	13	43	street	street	PROPN
dem-5678	13	44	,	,	PUNCT
dem-5678	13	45	87	87	NUM
dem-5678	13	46	-	-	SYM
dem-5678	13	47	100	100	NUM
dem-5678	13	48	toruń	toruń	NOUN
dem-5678	13	49	,	,	PUNCT
dem-5678	13	50	poland	poland	PROPN
dem-5678	13	51	,	,	PUNCT
dem-5678	13	52	e	e	NOUN
dem-5678	13	53	-	-	NOUN
dem-5678	13	54	mail	mail	NOUN
dem-5678	13	55	:	:	PUNCT
dem-5678	13	56	eszulc@umk.pl	eszulc@umk.pl	PROPN
dem-5678	13	57	.	.	PUNCT
dem-5678	14	1	elżbieta	elżbieta	PROPN
dem-5678	14	2	szulc	szulc	PROPN
dem-5678	14	3	,	,	PUNCT
dem-5678	14	4	dagna	dagna	VERB
dem-5678	14	5	wleklińska	wleklińska	NOUN
dem-5678	14	6	,	,	PUNCT
dem-5678	14	7	karolina	karolina	PROPN
dem-5678	14	8	górna	górna	PROPN
dem-5678	14	9	,	,	PUNCT
dem-5678	14	10	joanna	joanna	PROPN
dem-5678	14	11	górna	górna	PROPN
dem-5678	14	12	dynamic	dynamic	ADJ
dem-5678	14	13	econometric	econometric	ADJ
dem-5678	14	14	models	model	NOUN
dem-5678	14	15	14	14	NUM
dem-5678	14	16	(	(	PUNCT
dem-5678	14	17	2014	2014	NUM
dem-5678	14	18	)	)	PUNCT
dem-5678	14	19	125–144	125–144	NUM
dem-5678	14	20	126	126	NUM
dem-5678	14	21	(	(	PUNCT
dem-5678	14	22	e.g.	e.g.	ADV
dem-5678	14	23	suchecka	suchecka	NOUN
dem-5678	14	24	and	and	CCONJ
dem-5678	14	25	łaszkiewicz	łaszkiewicz	NOUN
dem-5678	14	26	,	,	PUNCT
dem-5678	14	27	2011	2011	NUM
dem-5678	14	28	;	;	PUNCT
dem-5678	14	29	wójcik	wójcik	PROPN
dem-5678	14	30	,	,	PUNCT
dem-5678	14	31	2009	2009	NUM
dem-5678	14	32	;	;	PUNCT
dem-5678	14	33	asgharianet	asgharianet	NOUN
dem-5678	14	34	et	et	PROPN
dem-5678	14	35	al	al	PROPN
dem-5678	14	36	.	.	PROPN
dem-5678	14	37	,	,	PUNCT
dem-5678	14	38	2013	2013	NUM
dem-5678	14	39	)	)	PUNCT
dem-5678	14	40	.	.	PUNCT
dem-5678	15	1	in	in	ADP
dem-5678	15	2	particular	particular	ADJ
dem-5678	15	3	,	,	PUNCT
dem-5678	15	4	the	the	DET
dem-5678	15	5	premises	premise	NOUN
dem-5678	15	6	of	of	ADP
dem-5678	15	7	the	the	DET
dem-5678	15	8	spatial	spatial	ADJ
dem-5678	15	9	perspective	perspective	NOUN
dem-5678	15	10	on	on	ADP
dem-5678	15	11	capital	capital	NOUN
dem-5678	15	12	markets	market	NOUN
dem-5678	15	13	’	'	PUNCT
dem-5678	15	14	analyses	analysis	NOUN
dem-5678	15	15	in	in	ADP
dem-5678	15	16	two	two	NUM
dem-5678	15	17	areas	area	NOUN
dem-5678	15	18	:	:	PUNCT
dem-5678	15	19	geography	geography	NOUN
dem-5678	15	20	of	of	ADP
dem-5678	15	21	finance	finance	NOUN
dem-5678	15	22	and	and	CCONJ
dem-5678	15	23	capital	capital	NOUN
dem-5678	15	24	,	,	PUNCT
dem-5678	15	25	and	and	CCONJ
dem-5678	15	26	behavioral	behavioral	ADJ
dem-5678	15	27	finance	finance	NOUN
dem-5678	15	28	were	be	AUX
dem-5678	15	29	indicated	indicate	VERB
dem-5678	15	30	(	(	PUNCT
dem-5678	15	31	see	see	VERB
dem-5678	15	32	e.g.	e.g.	ADV
dem-5678	15	33	suchecka	suchecka	NOUN
dem-5678	15	34	and	and	CCONJ
dem-5678	15	35	łaszkiewicz	łaszkiewicz	NOUN
dem-5678	15	36	,	,	PUNCT
dem-5678	15	37	2011	2011	NUM
dem-5678	15	38	)	)	PUNCT
dem-5678	15	39	.	.	PUNCT
dem-5678	16	1	a	a	DET
dem-5678	16	2	spatial	spatial	ADJ
dem-5678	16	3	analysis	analysis	NOUN
dem-5678	16	4	of	of	ADP
dem-5678	16	5	linkages	linkage	NOUN
dem-5678	16	6	between	between	ADP
dem-5678	16	7	securities	security	NOUN
dem-5678	16	8	markets	market	NOUN
dem-5678	16	9	was	be	AUX
dem-5678	16	10	carried	carry	VERB
dem-5678	16	11	among	among	ADP
dem-5678	16	12	others	other	NOUN
dem-5678	16	13	by	by	ADP
dem-5678	16	14	asgharian	asgharian	PROPN
dem-5678	16	15	et	et	PROPN
dem-5678	16	16	al	al	PROPN
dem-5678	16	17	.	.	PROPN
dem-5678	17	1	(	(	PUNCT
dem-5678	17	2	2013	2013	NUM
dem-5678	17	3	)	)	PUNCT
dem-5678	17	4	.	.	PUNCT
dem-5678	18	1	on	on	ADP
dem-5678	18	2	the	the	DET
dem-5678	18	3	basis	basis	NOUN
dem-5678	18	4	of	of	ADP
dem-5678	18	5	their	their	PRON
dem-5678	18	6	research	research	NOUN
dem-5678	18	7	,	,	PUNCT
dem-5678	18	8	they	they	PRON
dem-5678	18	9	stated	state	VERB
dem-5678	18	10	that	that	SCONJ
dem-5678	18	11	the	the	DET
dem-5678	18	12	similarity	similarity	NOUN
dem-5678	18	13	with	with	ADP
dem-5678	18	14	regard	regard	NOUN
dem-5678	18	15	to	to	ADP
dem-5678	18	16	the	the	DET
dem-5678	18	17	economies	economy	NOUN
dem-5678	18	18	’	'	PUNCT
dem-5678	18	19	components	component	NOUN
dem-5678	18	20	is	be	AUX
dem-5678	18	21	the	the	DET
dem-5678	18	22	strongest	strong	ADJ
dem-5678	18	23	source	source	NOUN
dem-5678	18	24	of	of	ADP
dem-5678	18	25	linkages	linkage	NOUN
dem-5678	18	26	between	between	ADP
dem-5678	18	27	stock	stock	NOUN
dem-5678	18	28	markets	market	NOUN
dem-5678	18	29	but	but	CCONJ
dem-5678	18	30	the	the	DET
dem-5678	18	31	connections	connection	NOUN
dem-5678	18	32	that	that	PRON
dem-5678	18	33	result	result	VERB
dem-5678	18	34	from	from	ADP
dem-5678	18	35	geographical	geographical	ADJ
dem-5678	18	36	neighborhood	neighborhood	NOUN
dem-5678	18	37	,	,	PUNCT
dem-5678	18	38	bilateral	bilateral	ADJ
dem-5678	18	39	fdi	fdi	NOUN
dem-5678	18	40	and	and	CCONJ
dem-5678	18	41	stability	stability	NOUN
dem-5678	18	42	of	of	ADP
dem-5678	18	43	the	the	DET
dem-5678	18	44	bilateral	bilateral	ADJ
dem-5678	18	45	exchange	exchange	NOUN
dem-5678	18	46	rate	rate	NOUN
dem-5678	18	47	are	be	AUX
dem-5678	18	48	important	important	ADJ
dem-5678	18	49	as	as	ADV
dem-5678	18	50	well	well	ADV
dem-5678	18	51	.	.	PUNCT
dem-5678	19	1	one	one	NUM
dem-5678	19	2	of	of	ADP
dem-5678	19	3	the	the	DET
dem-5678	19	4	directions	direction	NOUN
dem-5678	19	5	of	of	ADP
dem-5678	19	6	the	the	DET
dem-5678	19	7	analysis	analysis	NOUN
dem-5678	19	8	of	of	ADP
dem-5678	19	9	the	the	DET
dem-5678	19	10	stock	stock	NOUN
dem-5678	19	11	exchanges	exchange	NOUN
dem-5678	19	12	’	'	PUNCT
dem-5678	19	13	relationships	relationship	NOUN
dem-5678	19	14	is	be	AUX
dem-5678	19	15	considering	consider	VERB
dem-5678	19	16	the	the	DET
dem-5678	19	17	convergence	convergence	NOUN
dem-5678	19	18	of	of	ADP
dem-5678	19	19	these	these	DET
dem-5678	19	20	markets	market	NOUN
dem-5678	19	21	from	from	ADP
dem-5678	19	22	the	the	DET
dem-5678	19	23	point	point	NOUN
dem-5678	19	24	of	of	ADP
dem-5678	19	25	view	view	NOUN
dem-5678	19	26	of	of	ADP
dem-5678	19	27	their	their	PRON
dem-5678	19	28	specific	specific	ADJ
dem-5678	19	29	characteristics	characteristic	NOUN
dem-5678	19	30	.	.	PUNCT
dem-5678	20	1	this	this	DET
dem-5678	20	2	process	process	NOUN
dem-5678	20	3	is	be	AUX
dem-5678	20	4	strictly	strictly	ADV
dem-5678	20	5	connected	connect	VERB
dem-5678	20	6	with	with	ADP
dem-5678	20	7	the	the	DET
dem-5678	20	8	integration	integration	NOUN
dem-5678	20	9	and	and	CCONJ
dem-5678	20	10	liberalization	liberalization	NOUN
dem-5678	20	11	of	of	ADP
dem-5678	20	12	stock	stock	NOUN
dem-5678	20	13	markets	market	NOUN
dem-5678	20	14	and	and	CCONJ
dem-5678	20	15	their	their	PRON
dem-5678	20	16	growing	grow	VERB
dem-5678	20	17	interdependence	interdependence	NOUN
dem-5678	20	18	,	,	PUNCT
dem-5678	20	19	which	which	PRON
dem-5678	20	20	in	in	ADP
dem-5678	20	21	turn	turn	NOUN
dem-5678	20	22	is	be	AUX
dem-5678	20	23	associated	associate	VERB
dem-5678	20	24	with	with	ADP
dem-5678	20	25	the	the	DET
dem-5678	20	26	liberalization	liberalization	NOUN
dem-5678	20	27	of	of	ADP
dem-5678	20	28	capital	capital	NOUN
dem-5678	20	29	flows	flow	NOUN
dem-5678	20	30	and	and	CCONJ
dem-5678	20	31	technological	technological	ADJ
dem-5678	20	32	innovation	innovation	NOUN
dem-5678	20	33	.	.	PUNCT
dem-5678	21	1	these	these	DET
dem-5678	21	2	processes	process	NOUN
dem-5678	21	3	are	be	AUX
dem-5678	21	4	favorable	favorable	ADJ
dem-5678	21	5	for	for	ADP
dem-5678	21	6	the	the	DET
dem-5678	21	7	development	development	NOUN
dem-5678	21	8	of	of	ADP
dem-5678	21	9	stock	stock	NOUN
dem-5678	21	10	markets	market	NOUN
dem-5678	21	11	,	,	PUNCT
dem-5678	21	12	and	and	CCONJ
dem-5678	21	13	thus	thus	ADV
dem-5678	21	14	the	the	DET
dem-5678	21	15	distinctions	distinction	NOUN
dem-5678	21	16	between	between	ADP
dem-5678	21	17	them	they	PRON
dem-5678	21	18	are	be	AUX
dem-5678	21	19	becoming	becoming	AUX
dem-5678	21	20	increasingly	increasingly	ADV
dem-5678	21	21	blurred	blur	VERB
dem-5678	21	22	over	over	ADP
dem-5678	21	23	time	time	NOUN
dem-5678	21	24	.	.	PUNCT
dem-5678	22	1	the	the	DET
dem-5678	22	2	literature	literature	NOUN
dem-5678	22	3	on	on	ADP
dem-5678	22	4	the	the	DET
dem-5678	22	5	convergence	convergence	NOUN
dem-5678	22	6	of	of	ADP
dem-5678	22	7	stock	stock	NOUN
dem-5678	22	8	markets	market	NOUN
dem-5678	22	9	includes	include	VERB
dem-5678	22	10	e.g.	e.g.	ADV
dem-5678	22	11	fraser	fraser	PROPN
dem-5678	22	12	et	et	PROPN
dem-5678	22	13	al	al	PROPN
dem-5678	22	14	.	.	PROPN
dem-5678	23	1	(	(	PUNCT
dem-5678	23	2	1994	1994	NUM
dem-5678	23	3	)	)	PUNCT
dem-5678	23	4	,	,	PUNCT
dem-5678	23	5	koralun	koralun	ADJ
dem-5678	23	6	-	-	PUNCT
dem-5678	23	7	bereznicka	bereznicka	NOUN
dem-5678	23	8	(	(	PUNCT
dem-5678	23	9	2008	2008	NUM
dem-5678	23	10	)	)	PUNCT
dem-5678	23	11	and	and	CCONJ
dem-5678	23	12	caparale	caparale	NOUN
dem-5678	23	13	et	et	PROPN
dem-5678	23	14	al	al	PROPN
dem-5678	23	15	.	.	PUNCT
dem-5678	23	16	(	(	PUNCT
dem-5678	23	17	2009	2009	NUM
dem-5678	23	18	)	)	PUNCT
dem-5678	23	19	.	.	PUNCT
dem-5678	24	1	in	in	ADP
dem-5678	24	2	the	the	DET
dem-5678	24	3	works	work	NOUN
dem-5678	24	4	the	the	DET
dem-5678	24	5	problem	problem	NOUN
dem-5678	24	6	of	of	ADP
dem-5678	24	7	linkages	linkage	NOUN
dem-5678	24	8	between	between	ADP
dem-5678	24	9	the	the	DET
dem-5678	24	10	markets	market	NOUN
dem-5678	24	11	in	in	ADP
dem-5678	24	12	geographical	geographical	ADJ
dem-5678	24	13	and	and	CCONJ
dem-5678	24	14	economic	economic	ADJ
dem-5678	24	15	spaces	space	NOUN
dem-5678	24	16	is	be	AUX
dem-5678	24	17	particularly	particularly	ADV
dem-5678	24	18	interesting	interesting	ADJ
dem-5678	24	19	.	.	PUNCT
dem-5678	25	1	in	in	ADP
dem-5678	25	2	the	the	DET
dem-5678	25	3	recent	recent	ADJ
dem-5678	25	4	literature	literature	NOUN
dem-5678	25	5	the	the	DET
dem-5678	25	6	hypotheses	hypothesis	NOUN
dem-5678	25	7	of	of	ADP
dem-5678	25	8	convergence	convergence	NOUN
dem-5678	25	9	vs.	vs.	ADP
dem-5678	25	10	divergence	divergence	NOUN
dem-5678	25	11	are	be	AUX
dem-5678	25	12	formulated	formulate	VERB
dem-5678	25	13	mainly	mainly	ADV
dem-5678	25	14	in	in	ADP
dem-5678	25	15	the	the	DET
dem-5678	25	16	context	context	NOUN
dem-5678	25	17	of	of	ADP
dem-5678	25	18	the	the	DET
dem-5678	25	19	contemporary	contemporary	ADJ
dem-5678	25	20	financial	financial	ADJ
dem-5678	25	21	crisis	crisis	NOUN
dem-5678	25	22	of	of	ADP
dem-5678	25	23	2007–2010	2007–2010	NUM
dem-5678	25	24	(	(	PUNCT
dem-5678	25	25	see	see	VERB
dem-5678	25	26	e.g.	e.g.	ADV
dem-5678	25	27	aspergis	aspergis	ADJ
dem-5678	25	28	et	et	PROPN
dem-5678	25	29	al	al	PROPN
dem-5678	25	30	.	.	PROPN
dem-5678	25	31	,	,	PUNCT
dem-5678	25	32	2014	2014	NUM
dem-5678	25	33	)	)	PUNCT
dem-5678	25	34	.	.	PUNCT
dem-5678	26	1	the	the	DET
dem-5678	26	2	aim	aim	NOUN
dem-5678	26	3	of	of	ADP
dem-5678	26	4	the	the	DET
dem-5678	26	5	paper	paper	NOUN
dem-5678	26	6	is	be	AUX
dem-5678	26	7	to	to	PART
dem-5678	26	8	investigate	investigate	VERB
dem-5678	26	9	whether	whether	SCONJ
dem-5678	26	10	,	,	PUNCT
dem-5678	26	11	in	in	ADP
dem-5678	26	12	the	the	DET
dem-5678	26	13	light	light	NOUN
dem-5678	26	14	of	of	ADP
dem-5678	26	15	the	the	DET
dem-5678	26	16	current	current	ADJ
dem-5678	26	17	empirical	empirical	ADJ
dem-5678	26	18	analyses	analysis	NOUN
dem-5678	26	19	,	,	PUNCT
dem-5678	26	20	one	one	PRON
dem-5678	26	21	can	can	AUX
dem-5678	26	22	observe	observe	VERB
dem-5678	26	23	the	the	DET
dem-5678	26	24	process	process	NOUN
dem-5678	26	25	of	of	ADP
dem-5678	26	26	convergence	convergence	NOUN
dem-5678	26	27	of	of	ADP
dem-5678	26	28	main	main	ADJ
dem-5678	26	29	stock	stock	NOUN
dem-5678	26	30	markets	market	NOUN
dem-5678	26	31	in	in	ADP
dem-5678	26	32	the	the	DET
dem-5678	26	33	world	world	NOUN
dem-5678	26	34	.	.	PUNCT
dem-5678	27	1	in	in	ADP
dem-5678	27	2	addition	addition	NOUN
dem-5678	27	3	the	the	DET
dem-5678	27	4	importance	importance	NOUN
dem-5678	27	5	of	of	ADP
dem-5678	27	6	distance	distance	NOUN
dem-5678	27	7	between	between	ADP
dem-5678	27	8	the	the	DET
dem-5678	27	9	markets	market	NOUN
dem-5678	27	10	for	for	ADP
dem-5678	27	11	the	the	DET
dem-5678	27	12	process	process	NOUN
dem-5678	27	13	is	be	AUX
dem-5678	27	14	evaluated	evaluate	VERB
dem-5678	27	15	.	.	PUNCT
dem-5678	28	1	particularly	particularly	ADV
dem-5678	28	2	the	the	DET
dem-5678	28	3	role	role	NOUN
dem-5678	28	4	of	of	ADP
dem-5678	28	5	economic	economic	ADJ
dem-5678	28	6	distance	distance	NOUN
dem-5678	28	7	is	be	AUX
dem-5678	28	8	considered	consider	VERB
dem-5678	28	9	.	.	PUNCT
dem-5678	29	1	in	in	ADP
dem-5678	29	2	the	the	DET
dem-5678	29	3	research	research	NOUN
dem-5678	29	4	the	the	DET
dem-5678	29	5	hypothesis	hypothesis	NOUN
dem-5678	29	6	that	that	SCONJ
dem-5678	29	7	in	in	ADP
dem-5678	29	8	the	the	DET
dem-5678	29	9	convergence	convergence	NOUN
dem-5678	29	10	of	of	ADP
dem-5678	29	11	stock	stock	NOUN
dem-5678	29	12	markets	market	NOUN
dem-5678	29	13	the	the	DET
dem-5678	29	14	spatial	spatial	ADJ
dem-5678	29	15	and	and	CCONJ
dem-5678	29	16	economic	economic	ADJ
dem-5678	29	17	connections	connection	NOUN
dem-5678	29	18	among	among	ADP
dem-5678	29	19	them	they	PRON
dem-5678	29	20	are	be	AUX
dem-5678	29	21	important	important	ADJ
dem-5678	29	22	,	,	PUNCT
dem-5678	29	23	and	and	CCONJ
dem-5678	29	24	so	so	ADV
dem-5678	29	25	that	that	DET
dem-5678	29	26	relative	relative	ADJ
dem-5678	29	27	location	location	NOUN
dem-5678	29	28	of	of	ADP
dem-5678	29	29	a	a	DET
dem-5678	29	30	stock	stock	NOUN
dem-5678	29	31	exchange	exchange	NOUN
dem-5678	29	32	affects	affect	VERB
dem-5678	29	33	the	the	DET
dem-5678	29	34	growth	growth	NOUN
dem-5678	29	35	rate	rate	NOUN
dem-5678	29	36	of	of	ADP
dem-5678	29	37	the	the	DET
dem-5678	29	38	exchange	exchange	NOUN
dem-5678	29	39	,	,	PUNCT
dem-5678	29	40	is	be	AUX
dem-5678	29	41	verified	verify	VERB
dem-5678	29	42	.	.	PUNCT
dem-5678	30	1	the	the	DET
dem-5678	30	2	structure	structure	NOUN
dem-5678	30	3	of	of	ADP
dem-5678	30	4	the	the	DET
dem-5678	30	5	paper	paper	NOUN
dem-5678	30	6	is	be	AUX
dem-5678	30	7	as	as	SCONJ
dem-5678	30	8	follows	follow	VERB
dem-5678	30	9	:	:	PUNCT
dem-5678	30	10	in	in	ADP
dem-5678	30	11	section	section	NOUN
dem-5678	30	12	1	1	NUM
dem-5678	30	13	the	the	DET
dem-5678	30	14	subject	subject	NOUN
dem-5678	30	15	and	and	CCONJ
dem-5678	30	16	range	range	NOUN
dem-5678	30	17	of	of	ADP
dem-5678	30	18	the	the	DET
dem-5678	30	19	investigation	investigation	NOUN
dem-5678	30	20	are	be	AUX
dem-5678	30	21	defined	define	VERB
dem-5678	30	22	.	.	PUNCT
dem-5678	31	1	it	it	PRON
dem-5678	31	2	qualifies	qualify	VERB
dem-5678	31	3	the	the	DET
dem-5678	31	4	investigated	investigate	VERB
dem-5678	31	5	stock	stock	NOUN
dem-5678	31	6	exchanges	exchange	NOUN
dem-5678	31	7	and	and	CCONJ
dem-5678	31	8	characterizes	characterize	VERB
dem-5678	31	9	the	the	DET
dem-5678	31	10	specified	specified	ADJ
dem-5678	31	11	diagnostic	diagnostic	ADJ
dem-5678	31	12	variables	variable	NOUN
dem-5678	31	13	.	.	PUNCT
dem-5678	32	1	section	section	NOUN
dem-5678	32	2	2	2	NUM
dem-5678	32	3	presents	present	VERB
dem-5678	32	4	the	the	DET
dem-5678	32	5	methodology	methodology	NOUN
dem-5678	32	6	.	.	PUNCT
dem-5678	33	1	in	in	ADP
dem-5678	33	2	this	this	DET
dem-5678	33	3	section	section	NOUN
dem-5678	33	4	a	a	DET
dem-5678	33	5	taxonomic	taxonomic	ADJ
dem-5678	33	6	measure	measure	NOUN
dem-5678	33	7	of	of	ADP
dem-5678	33	8	stock	stock	NOUN
dem-5678	33	9	exchanges	exchange	NOUN
dem-5678	33	10	’	’	PART
dem-5678	33	11	development	development	NOUN
dem-5678	33	12	is	be	AUX
dem-5678	33	13	defined	define	VERB
dem-5678	33	14	and	and	CCONJ
dem-5678	33	15	the	the	DET
dem-5678	33	16	theoretical	theoretical	ADJ
dem-5678	33	17	models	model	NOUN
dem-5678	33	18	of	of	ADP
dem-5678	33	19	β	β	NOUN
dem-5678	33	20	-	-	NOUN
dem-5678	33	21	convergence	convergence	NOUN
dem-5678	33	22	in	in	ADP
dem-5678	33	23	formulation	formulation	NOUN
dem-5678	33	24	of	of	ADP
dem-5678	33	25	the	the	DET
dem-5678	33	26	regressions	regression	NOUN
dem-5678	33	27	for	for	ADP
dem-5678	33	28	the	the	DET
dem-5678	33	29	pooled	pool	VERB
dem-5678	33	30	time	time	NOUN
dem-5678	33	31	series	series	NOUN
dem-5678	33	32	and	and	CCONJ
dem-5678	33	33	cross	cross	ADJ
dem-5678	33	34	-	-	ADJ
dem-5678	33	35	sectional	sectional	ADJ
dem-5678	33	36	data	datum	NOUN
dem-5678	33	37	are	be	AUX
dem-5678	33	38	presented	present	VERB
dem-5678	33	39	.	.	PUNCT
dem-5678	34	1	moreover	moreover	ADV
dem-5678	34	2	,	,	PUNCT
dem-5678	34	3	in	in	ADP
dem-5678	34	4	section	section	NOUN
dem-5678	34	5	2	2	NUM
dem-5678	34	6	the	the	DET
dem-5678	34	7	diagnostic	diagnostic	ADJ
dem-5678	34	8	the	the	DET
dem-5678	34	9	significance	significance	NOUN
dem-5678	34	10	of	of	ADP
dem-5678	34	11	distance	distance	NOUN
dem-5678	34	12	between	between	ADP
dem-5678	34	13	stock	stock	NOUN
dem-5678	34	14	exchanges	exchange	NOUN
dem-5678	34	15	…	…	PUNCT
dem-5678	34	16	dynamic	dynamic	ADJ
dem-5678	34	17	econometric	econometric	ADJ
dem-5678	34	18	models	model	NOUN
dem-5678	34	19	14	14	NUM
dem-5678	34	20	(	(	PUNCT
dem-5678	34	21	2014	2014	NUM
dem-5678	34	22	)	)	PUNCT
dem-5678	34	23	125–144	125–144	NUM
dem-5678	34	24	127	127	NUM
dem-5678	34	25	tests	test	NOUN
dem-5678	34	26	for	for	ADP
dem-5678	34	27	verification	verification	NOUN
dem-5678	34	28	of	of	ADP
dem-5678	34	29	the	the	DET
dem-5678	34	30	empirical	empirical	ADJ
dem-5678	34	31	models	model	NOUN
dem-5678	34	32	are	be	AUX
dem-5678	34	33	pointed	point	VERB
dem-5678	34	34	out	out	ADP
dem-5678	34	35	.	.	PUNCT
dem-5678	35	1	section	section	NOUN
dem-5678	35	2	3	3	NUM
dem-5678	35	3	contains	contain	VERB
dem-5678	35	4	preliminary	preliminary	ADJ
dem-5678	35	5	data	datum	NOUN
dem-5678	35	6	analysis	analysis	NOUN
dem-5678	35	7	.	.	PUNCT
dem-5678	36	1	the	the	DET
dem-5678	36	2	results	result	NOUN
dem-5678	36	3	of	of	ADP
dem-5678	36	4	the	the	DET
dem-5678	36	5	research	research	NOUN
dem-5678	36	6	are	be	AUX
dem-5678	36	7	presented	present	VERB
dem-5678	36	8	in	in	ADP
dem-5678	36	9	section	section	NOUN
dem-5678	36	10	4	4	NUM
dem-5678	36	11	.	.	PUNCT
dem-5678	36	12	conclusion	conclusion	NOUN
dem-5678	36	13	formulates	formulate	VERB
dem-5678	36	14	final	final	ADJ
dem-5678	36	15	remarks	remark	NOUN
dem-5678	36	16	and	and	CCONJ
dem-5678	36	17	indicates	indicate	VERB
dem-5678	36	18	further	further	ADJ
dem-5678	36	19	investigations	investigation	NOUN
dem-5678	36	20	.	.	PUNCT
dem-5678	37	1	1	1	X
dem-5678	37	2	.	.	X
dem-5678	37	3	subject	subject	NOUN
dem-5678	37	4	and	and	CCONJ
dem-5678	37	5	range	range	NOUN
dem-5678	37	6	of	of	ADP
dem-5678	37	7	the	the	DET
dem-5678	37	8	investigation	investigation	NOUN
dem-5678	37	9	the	the	DET
dem-5678	37	10	subject	subject	NOUN
dem-5678	37	11	of	of	ADP
dem-5678	37	12	the	the	DET
dem-5678	37	13	investigation	investigation	NOUN
dem-5678	37	14	contains	contain	VERB
dem-5678	37	15	the	the	DET
dem-5678	37	16	selected	select	VERB
dem-5678	37	17	worldwide	worldwide	ADJ
dem-5678	37	18	stock	stock	NOUN
dem-5678	37	19	exchanges	exchange	NOUN
dem-5678	37	20	,	,	PUNCT
dem-5678	37	21	characterized	characterize	VERB
dem-5678	37	22	in	in	ADP
dem-5678	37	23	terms	term	NOUN
dem-5678	37	24	of	of	ADP
dem-5678	37	25	their	their	PRON
dem-5678	37	26	level	level	NOUN
dem-5678	37	27	of	of	ADP
dem-5678	37	28	development	development	NOUN
dem-5678	37	29	.	.	PUNCT
dem-5678	38	1	the	the	DET
dem-5678	38	2	study	study	NOUN
dem-5678	38	3	included	include	VERB
dem-5678	38	4	46	46	NUM
dem-5678	38	5	largest	large	ADJ
dem-5678	38	6	trading	trading	NOUN
dem-5678	38	7	floors	floor	NOUN
dem-5678	38	8	in	in	ADP
dem-5678	38	9	the	the	DET
dem-5678	38	10	period	period	NOUN
dem-5678	38	11	of	of	ADP
dem-5678	38	12	2004–2012	2004–2012	NUM
dem-5678	38	13	.	.	PUNCT
dem-5678	39	1	the	the	DET
dem-5678	39	2	specification	specification	NOUN
dem-5678	39	3	of	of	ADP
dem-5678	39	4	the	the	DET
dem-5678	39	5	exchanges	exchange	NOUN
dem-5678	39	6	with	with	ADP
dem-5678	39	7	the	the	DET
dem-5678	39	8	assignment	assignment	NOUN
dem-5678	39	9	to	to	ADP
dem-5678	39	10	the	the	DET
dem-5678	39	11	relevant	relevant	ADJ
dem-5678	39	12	country	country	NOUN
dem-5678	39	13	are	be	AUX
dem-5678	39	14	presented	present	VERB
dem-5678	39	15	in	in	ADP
dem-5678	39	16	table	table	NOUN
dem-5678	39	17	1	1	NUM
dem-5678	39	18	.	.	PUNCT
dem-5678	40	1	the	the	DET
dem-5678	40	2	level	level	NOUN
dem-5678	40	3	of	of	ADP
dem-5678	40	4	stock	stock	NOUN
dem-5678	40	5	exchange	exchange	NOUN
dem-5678	40	6	development	development	NOUN
dem-5678	40	7	was	be	AUX
dem-5678	40	8	defined	define	VERB
dem-5678	40	9	by	by	ADP
dem-5678	40	10	a	a	DET
dem-5678	40	11	synthetic	synthetic	ADJ
dem-5678	40	12	measure	measure	NOUN
dem-5678	40	13	based	base	VERB
dem-5678	40	14	on	on	ADP
dem-5678	40	15	six	six	NUM
dem-5678	40	16	diagnostic	diagnostic	ADJ
dem-5678	40	17	variables	variable	NOUN
dem-5678	40	18	,	,	PUNCT
dem-5678	40	19	i.e.	i.e.	X
dem-5678	40	20	x1	x1	PRON
dem-5678	40	21			NOUN
dem-5678	40	22	the	the	DET
dem-5678	40	23	capitalization	capitalization	NOUN
dem-5678	40	24	of	of	ADP
dem-5678	40	25	domestic	domestic	ADJ
dem-5678	40	26	shares	share	NOUN
dem-5678	40	27	,	,	PUNCT
dem-5678	40	28	x2	x2	PRON
dem-5678	40	29			VERB
dem-5678	40	30	the	the	DET
dem-5678	40	31	capitalization	capitalization	NOUN
dem-5678	40	32	of	of	ADP
dem-5678	40	33	newly	newly	ADV
dem-5678	40	34	listed	list	VERB
dem-5678	40	35	domestic	domestic	ADJ
dem-5678	40	36	shares	share	NOUN
dem-5678	40	37	,	,	PUNCT
dem-5678	40	38	x3	x3	VERB
dem-5678	40	39			VERB
dem-5678	40	40	the	the	DET
dem-5678	40	41	total	total	ADJ
dem-5678	40	42	value	value	NOUN
dem-5678	40	43	of	of	ADP
dem-5678	40	44	share	share	NOUN
dem-5678	40	45	trading	trading	NOUN
dem-5678	40	46	,	,	PUNCT
dem-5678	40	47	x4	x4	PROPN
dem-5678	40	48			PROPN
dem-5678	40	49	gdp	gdp	NOUN
dem-5678	40	50	per	per	ADP
dem-5678	40	51	capita	capita	NOUN
dem-5678	40	52	,	,	PUNCT
dem-5678	40	53	x5	x5	PROPN
dem-5678	40	54			VERB
dem-5678	40	55	the	the	DET
dem-5678	40	56	top	top	ADJ
dem-5678	40	57	10	10	NUM
dem-5678	40	58	most	most	ADV
dem-5678	40	59	heavily	heavily	ADV
dem-5678	40	60	capitalized	capitalize	VERB
dem-5678	40	61	domestic	domestic	ADJ
dem-5678	40	62	companies	company	NOUN
dem-5678	40	63	,	,	PUNCT
dem-5678	40	64	x6	x6	PROPN
dem-5678	40	65			VERB
dem-5678	40	66	the	the	DET
dem-5678	40	67	ratio	ratio	NOUN
dem-5678	40	68	of	of	ADP
dem-5678	40	69	market	market	NOUN
dem-5678	40	70	capitalization	capitalization	NOUN
dem-5678	40	71	to	to	ADP
dem-5678	40	72	gdp	gdp	NOUN
dem-5678	40	73	.	.	PUNCT
dem-5678	41	1	it	it	PRON
dem-5678	41	2	was	be	AUX
dem-5678	41	3	recognized	recognize	VERB
dem-5678	41	4	that	that	SCONJ
dem-5678	41	5	,	,	PUNCT
dem-5678	41	6	in	in	ADP
dem-5678	41	7	the	the	DET
dem-5678	41	8	light	light	NOUN
dem-5678	41	9	of	of	ADP
dem-5678	41	10	theory	theory	NOUN
dem-5678	41	11	and	and	CCONJ
dem-5678	41	12	empirical	empirical	ADJ
dem-5678	41	13	analyses	analysis	NOUN
dem-5678	41	14	,	,	PUNCT
dem-5678	41	15	the	the	DET
dem-5678	41	16	specified	specified	ADJ
dem-5678	41	17	variables	variable	NOUN
dem-5678	41	18	are	be	AUX
dem-5678	41	19	important	important	ADJ
dem-5678	41	20	determinants	determinant	NOUN
dem-5678	41	21	of	of	ADP
dem-5678	41	22	the	the	DET
dem-5678	41	23	development	development	NOUN
dem-5678	41	24	of	of	ADP
dem-5678	41	25	stock	stock	NOUN
dem-5678	41	26	exchanges	exchange	NOUN
dem-5678	41	27	.	.	PUNCT
dem-5678	42	1	taking	take	VERB
dem-5678	42	2	into	into	ADP
dem-5678	42	3	account	account	NOUN
dem-5678	42	4	the	the	DET
dem-5678	42	5	connections	connection	NOUN
dem-5678	42	6	of	of	ADP
dem-5678	42	7	the	the	DET
dem-5678	42	8	capital	capital	NOUN
dem-5678	42	9	market	market	NOUN
dem-5678	42	10	with	with	ADP
dem-5678	42	11	the	the	DET
dem-5678	42	12	economy	economy	NOUN
dem-5678	42	13	of	of	ADP
dem-5678	42	14	the	the	DET
dem-5678	42	15	country	country	NOUN
dem-5678	42	16	of	of	ADP
dem-5678	42	17	its	its	PRON
dem-5678	42	18	location	location	NOUN
dem-5678	42	19	was	be	AUX
dem-5678	42	20	also	also	ADV
dem-5678	42	21	an	an	DET
dem-5678	42	22	important	important	ADJ
dem-5678	42	23	issue	issue	NOUN
dem-5678	42	24	.	.	PUNCT
dem-5678	43	1	the	the	DET
dem-5678	43	2	range	range	NOUN
dem-5678	43	3	of	of	ADP
dem-5678	43	4	information	information	NOUN
dem-5678	43	5	provided	provide	VERB
dem-5678	43	6	by	by	ADP
dem-5678	43	7	the	the	DET
dem-5678	43	8	world	world	PROPN
dem-5678	43	9	federation	federation	PROPN
dem-5678	43	10	of	of	ADP
dem-5678	43	11	exchanges	exchange	NOUN
dem-5678	43	12	played	play	VERB
dem-5678	43	13	a	a	DET
dem-5678	43	14	significant	significant	ADJ
dem-5678	43	15	role	role	NOUN
dem-5678	43	16	as	as	ADV
dem-5678	43	17	well	well	ADV
dem-5678	43	18	.	.	PUNCT
dem-5678	44	1	the	the	DET
dem-5678	44	2	capitalization	capitalization	NOUN
dem-5678	44	3	of	of	ADP
dem-5678	44	4	domestic	domestic	ADJ
dem-5678	44	5	shares	share	NOUN
dem-5678	44	6	is	be	AUX
dem-5678	44	7	one	one	NUM
dem-5678	44	8	of	of	ADP
dem-5678	44	9	the	the	DET
dem-5678	44	10	most	most	ADV
dem-5678	44	11	important	important	ADJ
dem-5678	44	12	parameters	parameter	NOUN
dem-5678	44	13	reflecting	reflect	VERB
dem-5678	44	14	the	the	DET
dem-5678	44	15	situation	situation	NOUN
dem-5678	44	16	in	in	ADP
dem-5678	44	17	the	the	DET
dem-5678	44	18	securities	security	NOUN
dem-5678	44	19	market	market	NOUN
dem-5678	44	20	.	.	PUNCT
dem-5678	45	1	it	it	PRON
dem-5678	45	2	is	be	AUX
dem-5678	45	3	calculated	calculate	VERB
dem-5678	45	4	as	as	ADP
dem-5678	45	5	the	the	DET
dem-5678	45	6	total	total	ADJ
dem-5678	45	7	number	number	NOUN
dem-5678	45	8	of	of	ADP
dem-5678	45	9	shares	share	NOUN
dem-5678	45	10	issued	issue	VERB
dem-5678	45	11	by	by	ADP
dem-5678	45	12	domestic	domestic	ADJ
dem-5678	45	13	companies	company	NOUN
dem-5678	45	14	.	.	PUNCT
dem-5678	46	1	a	a	DET
dem-5678	46	2	high	high	ADJ
dem-5678	46	3	value	value	NOUN
dem-5678	46	4	of	of	ADP
dem-5678	46	5	this	this	DET
dem-5678	46	6	indicator	indicator	NOUN
dem-5678	46	7	encourages	encourage	VERB
dem-5678	46	8	large	large	ADJ
dem-5678	46	9	investors	investor	NOUN
dem-5678	46	10	to	to	PART
dem-5678	46	11	invest	invest	VERB
dem-5678	46	12	their	their	PRON
dem-5678	46	13	capital	capital	NOUN
dem-5678	46	14	in	in	ADP
dem-5678	46	15	a	a	DET
dem-5678	46	16	given	give	VERB
dem-5678	46	17	market	market	NOUN
dem-5678	46	18	and	and	CCONJ
dem-5678	46	19	shows	show	VERB
dem-5678	46	20	its	its	PRON
dem-5678	46	21	attractiveness	attractiveness	NOUN
dem-5678	46	22	compared	compare	VERB
dem-5678	46	23	to	to	ADP
dem-5678	46	24	others	other	NOUN
dem-5678	46	25	.	.	PUNCT
dem-5678	47	1	from	from	ADP
dem-5678	47	2	the	the	DET
dem-5678	47	3	point	point	NOUN
dem-5678	47	4	of	of	ADP
dem-5678	47	5	view	view	NOUN
dem-5678	47	6	of	of	ADP
dem-5678	47	7	the	the	DET
dem-5678	47	8	development	development	NOUN
dem-5678	47	9	of	of	ADP
dem-5678	47	10	a	a	DET
dem-5678	47	11	given	give	VERB
dem-5678	47	12	equity	equity	NOUN
dem-5678	47	13	market	market	NOUN
dem-5678	47	14	,	,	PUNCT
dem-5678	47	15	another	another	DET
dem-5678	47	16	important	important	ADJ
dem-5678	47	17	indicator	indicator	NOUN
dem-5678	47	18	is	be	AUX
dem-5678	47	19	the	the	DET
dem-5678	47	20	capitalization	capitalization	NOUN
dem-5678	47	21	of	of	ADP
dem-5678	47	22	newly	newly	ADV
dem-5678	47	23	listed	list	VERB
dem-5678	47	24	domestic	domestic	ADJ
dem-5678	47	25	shares	share	NOUN
dem-5678	47	26	.	.	PUNCT
dem-5678	48	1	contemporary	contemporary	ADJ
dem-5678	48	2	capital	capital	NOUN
dem-5678	48	3	market	market	NOUN
dem-5678	48	4	is	be	AUX
dem-5678	48	5	very	very	ADV
dem-5678	48	6	often	often	ADV
dem-5678	48	7	treated	treat	VERB
dem-5678	48	8	as	as	ADP
dem-5678	48	9	a	a	DET
dem-5678	48	10	short	short	ADJ
dem-5678	48	11	term	term	NOUN
dem-5678	48	12	mechanism	mechanism	NOUN
dem-5678	48	13	where	where	SCONJ
dem-5678	48	14	one	one	PRON
dem-5678	48	15	can	can	AUX
dem-5678	48	16	earn	earn	VERB
dem-5678	48	17	or	or	CCONJ
dem-5678	48	18	lose	lose	VERB
dem-5678	48	19	money	money	NOUN
dem-5678	48	20	suddenly	suddenly	ADV
dem-5678	48	21	.	.	PUNCT
dem-5678	49	1	in	in	ADP
dem-5678	49	2	many	many	ADJ
dem-5678	49	3	cases	case	NOUN
dem-5678	49	4	,	,	PUNCT
dem-5678	49	5	the	the	DET
dem-5678	49	6	financial	financial	ADJ
dem-5678	49	7	performance	performance	NOUN
dem-5678	49	8	of	of	ADP
dem-5678	49	9	companies	company	NOUN
dem-5678	49	10	is	be	AUX
dem-5678	49	11	ignored	ignore	VERB
dem-5678	49	12	.	.	PUNCT
dem-5678	50	1	with	with	ADP
dem-5678	50	2	increasing	increase	VERB
dem-5678	50	3	stock	stock	NOUN
dem-5678	50	4	quotation	quotation	NOUN
dem-5678	50	5	and	and	CCONJ
dem-5678	50	6	improving	improve	VERB
dem-5678	50	7	situation	situation	NOUN
dem-5678	50	8	in	in	ADP
dem-5678	50	9	the	the	DET
dem-5678	50	10	stock	stock	NOUN
dem-5678	50	11	market	market	NOUN
dem-5678	50	12	,	,	PUNCT
dem-5678	50	13	the	the	DET
dem-5678	50	14	interest	interest	NOUN
dem-5678	50	15	of	of	ADP
dem-5678	50	16	new	new	ADJ
dem-5678	50	17	companies	company	NOUN
dem-5678	50	18	investing	invest	VERB
dem-5678	50	19	in	in	ADP
dem-5678	50	20	a	a	DET
dem-5678	50	21	given	give	VERB
dem-5678	50	22	trading	trading	NOUN
dem-5678	50	23	floor	floor	NOUN
dem-5678	50	24	is	be	AUX
dem-5678	50	25	also	also	ADV
dem-5678	50	26	growing	grow	VERB
dem-5678	50	27	.	.	PUNCT
dem-5678	51	1	in	in	ADP
dem-5678	51	2	practice	practice	NOUN
dem-5678	51	3	,	,	PUNCT
dem-5678	51	4	this	this	PRON
dem-5678	51	5	means	mean	VERB
dem-5678	51	6	that	that	SCONJ
dem-5678	51	7	growing	grow	VERB
dem-5678	51	8	prices	price	NOUN
dem-5678	51	9	of	of	ADP
dem-5678	51	10	shares	share	NOUN
dem-5678	51	11	allow	allow	VERB
dem-5678	51	12	investors	investor	NOUN
dem-5678	51	13	to	to	PART
dem-5678	51	14	make	make	VERB
dem-5678	51	15	a	a	DET
dem-5678	51	16	profit	profit	NOUN
dem-5678	51	17	.	.	PUNCT
dem-5678	52	1	however	however	ADV
dem-5678	52	2	,	,	PUNCT
dem-5678	52	3	the	the	DET
dem-5678	52	4	number	number	NOUN
dem-5678	52	5	of	of	ADP
dem-5678	52	6	initial	initial	ADJ
dem-5678	52	7	public	public	ADJ
dem-5678	52	8	offerings	offering	NOUN
dem-5678	52	9	do	do	AUX
dem-5678	52	10	not	not	PART
dem-5678	52	11	affect	affect	VERB
dem-5678	52	12	the	the	DET
dem-5678	52	13	conditions	condition	NOUN
dem-5678	52	14	of	of	ADP
dem-5678	52	15	a	a	DET
dem-5678	52	16	stock	stock	NOUN
dem-5678	52	17	exchange	exchange	NOUN
dem-5678	52	18	.	.	PUNCT
dem-5678	53	1	only	only	ADV
dem-5678	53	2	on	on	ADP
dem-5678	53	3	the	the	DET
dem-5678	53	4	basis	basis	NOUN
dem-5678	53	5	of	of	ADP
dem-5678	53	6	their	their	PRON
dem-5678	53	7	capitalization	capitalization	NOUN
dem-5678	53	8	,	,	PUNCT
dem-5678	53	9	the	the	DET
dem-5678	53	10	development	development	NOUN
dem-5678	53	11	potential	potential	NOUN
dem-5678	53	12	of	of	ADP
dem-5678	53	13	a	a	DET
dem-5678	53	14	given	give	VERB
dem-5678	53	15	market	market	NOUN
dem-5678	53	16	can	can	AUX
dem-5678	53	17	be	be	AUX
dem-5678	53	18	assessed	assess	VERB
dem-5678	53	19	(	(	PUNCT
dem-5678	53	20	wiśniewski	wiśniewski	ADJ
dem-5678	53	21	,	,	PUNCT
dem-5678	53	22	2003	2003	NUM
dem-5678	53	23	)	)	PUNCT
dem-5678	53	24	.	.	PUNCT
dem-5678	54	1	elżbieta	elżbieta	PROPN
dem-5678	54	2	szulc	szulc	PROPN
dem-5678	54	3	,	,	PUNCT
dem-5678	54	4	dagna	dagna	VERB
dem-5678	54	5	wleklińska	wleklińska	NOUN
dem-5678	54	6	,	,	PUNCT
dem-5678	54	7	karolina	karolina	PROPN
dem-5678	54	8	górna	górna	PROPN
dem-5678	54	9	,	,	PUNCT
dem-5678	54	10	joanna	joanna	PROPN
dem-5678	54	11	górna	górna	PROPN
dem-5678	54	12	dynamic	dynamic	ADJ
dem-5678	54	13	econometric	econometric	ADJ
dem-5678	54	14	models	model	NOUN
dem-5678	54	15	14	14	NUM
dem-5678	54	16	(	(	PUNCT
dem-5678	54	17	2014	2014	NUM
dem-5678	54	18	)	)	PUNCT
dem-5678	55	1	125–144	125–144	NUM
dem-5678	55	2	128	128	NUM
dem-5678	55	3	table	table	NOUN
dem-5678	55	4	1	1	NUM
dem-5678	55	5	.	.	NOUN
dem-5678	55	6	specification	specification	NOUN
dem-5678	55	7	of	of	ADP
dem-5678	55	8	the	the	DET
dem-5678	55	9	stock	stock	NOUN
dem-5678	55	10	exchanges	exchange	NOUN
dem-5678	55	11	considered	consider	VERB
dem-5678	55	12	north	north	NOUN
dem-5678	55	13	/	/	SYM
dem-5678	55	14	south	south	PROPN
dem-5678	55	15	america	america	PROPN
dem-5678	55	16	brazil	brazil	PROPN
dem-5678	55	17	bm&bovespa	bm&bovespa	PROPN
dem-5678	55	18	(	(	PUNCT
dem-5678	55	19	bov	bov	PROPN
dem-5678	55	20	)	)	PUNCT
dem-5678	56	1	chile	chile	PROPN
dem-5678	56	2	santiago	santiago	PROPN
dem-5678	56	3	se	se	PROPN
dem-5678	56	4	(	(	PUNCT
dem-5678	56	5	sse	sse	PROPN
dem-5678	56	6	)	)	PUNCT
dem-5678	56	7	canada	canada	PROPN
dem-5678	56	8	tmx	tmx	PROPN
dem-5678	56	9	group	group	PROPN
dem-5678	56	10	(	(	PUNCT
dem-5678	56	11	tmx	tmx	PROPN
dem-5678	56	12	)	)	PUNCT
dem-5678	56	13	colombia	colombia	PROPN
dem-5678	56	14	colombia	colombia	PROPN
dem-5678	56	15	se	se	PROPN
dem-5678	56	16	(	(	PUNCT
dem-5678	56	17	cse	cse	PROPN
dem-5678	56	18	)	)	PUNCT
dem-5678	56	19	mexico	mexico	PROPN
dem-5678	56	20	mexican	mexican	PROPN
dem-5678	56	21	exchange	exchange	PROPN
dem-5678	56	22	(	(	PUNCT
dem-5678	56	23	bmv	bmv	PROPN
dem-5678	56	24	)	)	PUNCT
dem-5678	56	25	bermuda	bermuda	PROPN
dem-5678	56	26	bermuda	bermuda	PROPN
dem-5678	56	27	se	se	PROPN
dem-5678	56	28	(	(	PUNCT
dem-5678	56	29	bsx	bsx	PROPN
dem-5678	56	30	)	)	PUNCT
dem-5678	56	31	argentina	argentina	PROPN
dem-5678	56	32	buenos	buenos	PROPN
dem-5678	56	33	aires	aires	PROPN
dem-5678	56	34	se	se	PROPN
dem-5678	56	35	(	(	PUNCT
dem-5678	56	36	bcba	bcba	PROPN
dem-5678	56	37	)	)	PUNCT
dem-5678	56	38	peru	peru	PROPN
dem-5678	56	39	lima	lima	PROPN
dem-5678	56	40	se	se	PROPN
dem-5678	56	41	(	(	PUNCT
dem-5678	56	42	bvl	bvl	PROPN
dem-5678	56	43	)	)	PUNCT
dem-5678	56	44	united	united	PROPN
dem-5678	56	45	states	states	PROPN
dem-5678	56	46	nasdaq	nasdaq	PROPN
dem-5678	56	47	omx	omx	PROPN
dem-5678	56	48	(	(	PUNCT
dem-5678	56	49	nasdaq	nasdaq	PROPN
dem-5678	56	50	)	)	PUNCT
dem-5678	56	51	nyse	nyse	PROPN
dem-5678	56	52	euronext	euronext	PROPN
dem-5678	56	53	(	(	PUNCT
dem-5678	56	54	us	us	PROPN
dem-5678	56	55	)	)	PUNCT
dem-5678	56	56	(	(	PUNCT
dem-5678	56	57	nyse	nyse	PROPN
dem-5678	56	58	)	)	PUNCT
dem-5678	56	59	asia	asia	PROPN
dem-5678	56	60	/	/	SYM
dem-5678	56	61	pacific	pacific	PROPN
dem-5678	56	62	australia	australia	PROPN
dem-5678	56	63	australian	australian	PROPN
dem-5678	56	64	se	se	X
dem-5678	56	65	(	(	PUNCT
dem-5678	56	66	asx	asx	NOUN
dem-5678	56	67	)	)	PUNCT
dem-5678	56	68	philippines	philippine	NOUN
dem-5678	56	69	phillippine	phillippine	X
dem-5678	56	70	se	se	PROPN
dem-5678	56	71	(	(	PUNCT
dem-5678	56	72	pse	pse	NOUN
dem-5678	56	73	)	)	PUNCT
dem-5678	56	74	china	china	PROPN
dem-5678	56	75	honk	honk	PROPN
dem-5678	56	76	kong	kong	PROPN
dem-5678	56	77	se	se	PROPN
dem-5678	56	78	(	(	PUNCT
dem-5678	56	79	sehk	sehk	PROPN
dem-5678	56	80	)	)	PUNCT
dem-5678	56	81	shanghai	shanghai	PROPN
dem-5678	56	82	se	se	PROPN
dem-5678	56	83	(	(	PUNCT
dem-5678	56	84	shse	shse	PROPN
dem-5678	56	85	)	)	PUNCT
dem-5678	56	86	shenzen	shenzen	PROPN
dem-5678	56	87	se	se	X
dem-5678	56	88	(	(	PUNCT
dem-5678	56	89	szse	szse	NOUN
dem-5678	56	90	)	)	PUNCT
dem-5678	56	91	taiwan	taiwan	PROPN
dem-5678	56	92	se	se	PROPN
dem-5678	56	93	corp	corp	PROPN
dem-5678	56	94	.	.	PROPN
dem-5678	56	95	(	(	PUNCT
dem-5678	56	96	tsec	tsec	PROPN
dem-5678	56	97	)	)	PUNCT
dem-5678	56	98	japan	japan	PROPN
dem-5678	56	99	osaca	osaca	PROPN
dem-5678	56	100	se	se	PROPN
dem-5678	56	101	(	(	PUNCT
dem-5678	56	102	ose	ose	NOUN
dem-5678	56	103	)	)	PUNCT
dem-5678	56	104	tokyo	tokyo	PROPN
dem-5678	56	105	se	se	PROPN
dem-5678	56	106	group	group	PROPN
dem-5678	56	107	(	(	PUNCT
dem-5678	56	108	tse	tse	PROPN
dem-5678	56	109	)	)	PUNCT
dem-5678	56	110	india	india	PROPN
dem-5678	56	111	national	national	PROPN
dem-5678	56	112	se	se	PROPN
dem-5678	56	113	india	india	PROPN
dem-5678	56	114	(	(	PUNCT
dem-5678	56	115	nse	nse	PROPN
dem-5678	56	116	)	)	PUNCT
dem-5678	56	117	indonesia	indonesia	PROPN
dem-5678	56	118	indonesia	indonesia	PROPN
dem-5678	56	119	se	se	PROPN
dem-5678	56	120	(	(	PUNCT
dem-5678	56	121	ise	ise	PROPN
dem-5678	56	122	)	)	PUNCT
dem-5678	56	123	south	south	PROPN
dem-5678	56	124	korea	korea	PROPN
dem-5678	56	125	korea	korea	PROPN
dem-5678	56	126	exchange	exchange	PROPN
dem-5678	56	127	(	(	PUNCT
dem-5678	56	128	krx	krx	PROPN
dem-5678	56	129	)	)	PUNCT
dem-5678	56	130	malaysia	malaysia	PROPN
dem-5678	56	131	bursa	bursa	PROPN
dem-5678	56	132	malaysia	malaysia	PROPN
dem-5678	56	133	(	(	PUNCT
dem-5678	56	134	bm	bm	PROPN
dem-5678	56	135	)	)	PUNCT
dem-5678	56	136	sri	sri	PROPN
dem-5678	56	137	lanka	lanka	PROPN
dem-5678	56	138	colombo	colombo	PROPN
dem-5678	56	139	se	se	PROPN
dem-5678	56	140	(	(	PUNCT
dem-5678	56	141	clse	clse	PROPN
dem-5678	56	142	)	)	PUNCT
dem-5678	56	143	thailand	thailand	PROPN
dem-5678	56	144	thailand	thailand	PROPN
dem-5678	56	145	se	se	PROPN
dem-5678	56	146	(	(	PUNCT
dem-5678	56	147	thse	thse	NOUN
dem-5678	56	148	)	)	PUNCT
dem-5678	56	149	singapore	singapore	PROPN
dem-5678	56	150	singapore	singapore	PROPN
dem-5678	56	151	se	se	PROPN
dem-5678	56	152	(	(	PUNCT
dem-5678	56	153	sse	sse	PROPN
dem-5678	56	154	)	)	PUNCT
dem-5678	56	155	europe	europe	PROPN
dem-5678	56	156	/	/	SYM
dem-5678	56	157	middle	middle	PROPN
dem-5678	56	158	east	east	PROPN
dem-5678	56	159	/	/	SYM
dem-5678	56	160	africa	africa	PROPN
dem-5678	56	161	austrian	austrian	PROPN
dem-5678	56	162	wiener	wiener	NOUN
dem-5678	56	163	borse	borse	PROPN
dem-5678	56	164	(	(	PUNCT
dem-5678	56	165	ag	ag	PROPN
dem-5678	56	166	)	)	PUNCT
dem-5678	56	167	cyprus	cyprus	PROPN
dem-5678	56	168	cyprus	cyprus	PROPN
dem-5678	56	169	se	se	PROPN
dem-5678	56	170	(	(	PUNCT
dem-5678	56	171	cpse	cpse	PROPN
dem-5678	56	172	)	)	PUNCT
dem-5678	56	173	egypt	egypt	PROPN
dem-5678	56	174	cairo&alexandria	cairo&alexandria	PROPN
dem-5678	56	175	se	se	PROPN
dem-5678	56	176	(	(	PUNCT
dem-5678	56	177	egx	egx	PROPN
dem-5678	56	178	)	)	PUNCT
dem-5678	56	179	greece	greece	PROPN
dem-5678	56	180	athens	athens	PROPN
dem-5678	56	181	exchange	exchange	PROPN
dem-5678	56	182	(	(	PUNCT
dem-5678	56	183	athex	athex	NOUN
dem-5678	56	184	)	)	PUNCT
dem-5678	56	185	spain	spain	PROPN
dem-5678	56	186	bme	bme	VERB
dem-5678	56	187	spanish	spanish	ADJ
dem-5678	56	188	exchange	exchange	PROPN
dem-5678	56	189	(	(	PUNCT
dem-5678	56	190	bme	bme	NOUN
dem-5678	56	191	)	)	PUNCT
dem-5678	56	192	netherlands	netherlands	PROPN
dem-5678	56	193	nyse	nyse	PROPN
dem-5678	56	194	euronext	euronext	PROPN
dem-5678	56	195	(	(	PUNCT
dem-5678	56	196	europe	europe	PROPN
dem-5678	56	197	)	)	PUNCT
dem-5678	56	198	(	(	PUNCT
dem-5678	56	199	nee	nee	PROPN
dem-5678	56	200	)	)	PUNCT
dem-5678	56	201	iran	iran	PROPN
dem-5678	56	202	tehran	tehran	PROPN
dem-5678	56	203	se	se	PROPN
dem-5678	56	204	(	(	PUNCT
dem-5678	56	205	thrse	thrse	NOUN
dem-5678	56	206	)	)	PUNCT
dem-5678	56	207	ireland	ireland	PROPN
dem-5678	56	208	irish	irish	PROPN
dem-5678	56	209	se	se	PROPN
dem-5678	56	210	(	(	PUNCT
dem-5678	56	211	irse	irse	PROPN
dem-5678	56	212	)	)	PUNCT
dem-5678	56	213	israel	israel	PROPN
dem-5678	56	214	tel	tel	PROPN
dem-5678	56	215	aviv	aviv	PROPN
dem-5678	56	216	se	se	PROPN
dem-5678	56	217	(	(	PUNCT
dem-5678	56	218	tase	tase	NOUN
dem-5678	56	219	)	)	PUNCT
dem-5678	56	220	luxemburg	luxemburg	NOUN
dem-5678	56	221	luxemburg	luxemburg	PROPN
dem-5678	56	222	se	se	PROPN
dem-5678	56	223	(	(	PUNCT
dem-5678	56	224	lxse	lxse	PROPN
dem-5678	56	225	)	)	PUNCT
dem-5678	56	226	malta	malta	PROPN
dem-5678	56	227	malta	malta	PROPN
dem-5678	56	228	se	se	PROPN
dem-5678	56	229	(	(	PUNCT
dem-5678	56	230	mse	mse	PROPN
dem-5678	56	231	)	)	PUNCT
dem-5678	56	232	mauritius	mauritius	PROPN
dem-5678	56	233	mauritius	mauritius	PROPN
dem-5678	56	234	se	se	PROPN
dem-5678	56	235	(	(	PUNCT
dem-5678	56	236	sem	sem	PROPN
dem-5678	56	237	)	)	PUNCT
dem-5678	56	238	germany	germany	PROPN
dem-5678	56	239	deutsche	deutsche	PROPN
dem-5678	56	240	borse	borse	X
dem-5678	56	241	(	(	PUNCT
dem-5678	56	242	db	db	PROPN
dem-5678	56	243	)	)	PUNCT
dem-5678	56	244	norway	norway	PROPN
dem-5678	56	245	oslo	oslo	PROPN
dem-5678	56	246	bors	bors	PROPN
dem-5678	56	247	(	(	PUNCT
dem-5678	56	248	obe	obe	PROPN
dem-5678	56	249	)	)	PUNCT
dem-5678	56	250	poland	poland	PROPN
dem-5678	56	251	warsaw	warsaw	PROPN
dem-5678	56	252	se	se	PROPN
dem-5678	56	253	(	(	PUNCT
dem-5678	56	254	wse	wse	PROPN
dem-5678	56	255	)	)	PUNCT
dem-5678	56	256	south	south	PROPN
dem-5678	56	257	africa	africa	PROPN
dem-5678	56	258	johannesburg	johannesburg	PROPN
dem-5678	56	259	se	se	PROPN
dem-5678	56	260	(	(	PUNCT
dem-5678	56	261	jse	jse	PROPN
dem-5678	56	262	)	)	PUNCT
dem-5678	56	263	switzerland	switzerland	PROPN
dem-5678	56	264	six	six	NUM
dem-5678	56	265	swiss	swiss	ADJ
dem-5678	56	266	exchange	exchange	NOUN
dem-5678	56	267	(	(	PUNCT
dem-5678	56	268	six	six	NUM
dem-5678	56	269	)	)	PUNCT
dem-5678	56	270	sweden	sweden	PROPN
dem-5678	56	271	nasdaq	nasdaq	PROPN
dem-5678	56	272	omx	omx	PROPN
dem-5678	56	273	nordic	nordic	PROPN
dem-5678	56	274	exchange	exchange	PROPN
dem-5678	56	275	(	(	PUNCT
dem-5678	56	276	nomx	nomx	ADJ
dem-5678	56	277	)	)	PUNCT
dem-5678	56	278	turkey	turkey	PROPN
dem-5678	56	279	istanbul	istanbul	PROPN
dem-5678	56	280	se	se	PROPN
dem-5678	56	281	(	(	PUNCT
dem-5678	56	282	isse	isse	PROPN
dem-5678	56	283	)	)	PUNCT
dem-5678	56	284	hungary	hungary	PROPN
dem-5678	56	285	budapest	budapest	PROPN
dem-5678	56	286	se	se	PROPN
dem-5678	56	287	(	(	PUNCT
dem-5678	56	288	bdse	bdse	PROPN
dem-5678	56	289	)	)	PUNCT
dem-5678	57	1	great	great	ADJ
dem-5678	57	2	britain	britain	PROPN
dem-5678	57	3	london	london	PROPN
dem-5678	57	4	se	se	PROPN
dem-5678	57	5	(	(	PUNCT
dem-5678	57	6	lse	lse	PROPN
dem-5678	57	7	)	)	PUNCT
dem-5678	57	8	other	other	ADJ
dem-5678	57	9	important	important	ADJ
dem-5678	57	10	parameter	parameter	NOUN
dem-5678	57	11	characterizing	characterize	VERB
dem-5678	57	12	the	the	DET
dem-5678	57	13	capital	capital	NOUN
dem-5678	57	14	market	market	NOUN
dem-5678	57	15	is	be	AUX
dem-5678	57	16	the	the	DET
dem-5678	57	17	value	value	NOUN
dem-5678	57	18	of	of	ADP
dem-5678	57	19	turnover	turnover	NOUN
dem-5678	57	20	.	.	PUNCT
dem-5678	58	1	it	it	PRON
dem-5678	58	2	is	be	AUX
dem-5678	58	3	calculated	calculate	VERB
dem-5678	58	4	as	as	ADP
dem-5678	58	5	a	a	DET
dem-5678	58	6	total	total	ADJ
dem-5678	58	7	number	number	NOUN
dem-5678	58	8	of	of	ADP
dem-5678	58	9	shares	share	NOUN
dem-5678	58	10	traded	trade	VERB
dem-5678	58	11	multiplied	multiply	VERB
dem-5678	58	12	by	by	ADP
dem-5678	58	13	their	their	PRON
dem-5678	58	14	respective	respective	ADJ
dem-5678	58	15	matching	matching	NOUN
dem-5678	58	16	prices	price	NOUN
dem-5678	58	17	within	within	ADP
dem-5678	58	18	a	a	DET
dem-5678	58	19	year	year	NOUN
dem-5678	58	20	.	.	PUNCT
dem-5678	59	1	for	for	ADP
dem-5678	59	2	a	a	DET
dem-5678	59	3	well	well	ADV
dem-5678	59	4	-	-	PUNCT
dem-5678	59	5	developed	develop	VERB
dem-5678	59	6	market	market	NOUN
dem-5678	59	7	the	the	DET
dem-5678	59	8	desired	desire	VERB
dem-5678	59	9	situation	situation	NOUN
dem-5678	59	10	is	be	AUX
dem-5678	59	11	that	that	SCONJ
dem-5678	59	12	the	the	DET
dem-5678	59	13	annual	annual	ADJ
dem-5678	59	14	turnover	turnover	NOUN
dem-5678	59	15	is	be	AUX
dem-5678	59	16	higher	high	ADJ
dem-5678	59	17	than	than	ADP
dem-5678	59	18	the	the	DET
dem-5678	59	19	total	total	ADJ
dem-5678	59	20	value	value	NOUN
dem-5678	59	21	of	of	ADP
dem-5678	59	22	shares	share	NOUN
dem-5678	59	23	traded	trade	VERB
dem-5678	59	24	.	.	PUNCT
dem-5678	60	1	the	the	DET
dem-5678	60	2	significance	significance	NOUN
dem-5678	60	3	of	of	ADP
dem-5678	60	4	distance	distance	NOUN
dem-5678	60	5	between	between	ADP
dem-5678	60	6	stock	stock	NOUN
dem-5678	60	7	exchanges	exchange	NOUN
dem-5678	60	8	…	…	PUNCT
dem-5678	60	9	dynamic	dynamic	ADJ
dem-5678	60	10	econometric	econometric	ADJ
dem-5678	60	11	models	model	NOUN
dem-5678	60	12	14	14	NUM
dem-5678	60	13	(	(	PUNCT
dem-5678	60	14	2014	2014	NUM
dem-5678	60	15	)	)	PUNCT
dem-5678	60	16	125–144	125–144	NUM
dem-5678	60	17	129	129	NUM
dem-5678	60	18	in	in	ADP
dem-5678	60	19	order	order	NOUN
dem-5678	60	20	to	to	PART
dem-5678	60	21	connect	connect	VERB
dem-5678	60	22	the	the	DET
dem-5678	60	23	capital	capital	NOUN
dem-5678	60	24	market	market	NOUN
dem-5678	60	25	with	with	ADP
dem-5678	60	26	the	the	DET
dem-5678	60	27	country	country	NOUN
dem-5678	60	28	’s	’s	PART
dem-5678	60	29	economy	economy	NOUN
dem-5678	60	30	the	the	DET
dem-5678	60	31	gdp	gdp	NOUN
dem-5678	60	32	per	per	ADP
dem-5678	60	33	capita	capita	X
dem-5678	60	34	indicator	indicator	NOUN
dem-5678	60	35	was	be	AUX
dem-5678	60	36	used	use	VERB
dem-5678	60	37	.	.	PUNCT
dem-5678	61	1	it	it	PRON
dem-5678	61	2	is	be	AUX
dem-5678	61	3	one	one	NUM
dem-5678	61	4	of	of	ADP
dem-5678	61	5	the	the	DET
dem-5678	61	6	most	most	ADV
dem-5678	61	7	popular	popular	ADJ
dem-5678	61	8	parameters	parameter	NOUN
dem-5678	61	9	which	which	PRON
dem-5678	61	10	reflects	reflect	VERB
dem-5678	61	11	the	the	DET
dem-5678	61	12	level	level	NOUN
dem-5678	61	13	of	of	ADP
dem-5678	61	14	citizens	citizen	NOUN
dem-5678	61	15	’	’	PART
dem-5678	61	16	wealth	wealth	NOUN
dem-5678	61	17	.	.	PUNCT
dem-5678	62	1	it	it	PRON
dem-5678	62	2	has	have	VERB
dem-5678	62	3	to	to	PART
dem-5678	62	4	be	be	AUX
dem-5678	62	5	emphasized	emphasize	VERB
dem-5678	62	6	that	that	SCONJ
dem-5678	62	7	most	most	ADJ
dem-5678	62	8	of	of	ADP
dem-5678	62	9	the	the	DET
dem-5678	62	10	highly	highly	ADV
dem-5678	62	11	developed	develop	VERB
dem-5678	62	12	stock	stock	NOUN
dem-5678	62	13	exchanges	exchange	NOUN
dem-5678	62	14	are	be	AUX
dem-5678	62	15	located	locate	VERB
dem-5678	62	16	in	in	ADP
dem-5678	62	17	developed	develop	VERB
dem-5678	62	18	countries	country	NOUN
dem-5678	62	19	.	.	PUNCT
dem-5678	63	1	it	it	PRON
dem-5678	63	2	is	be	AUX
dem-5678	63	3	legitimate	legitimate	ADJ
dem-5678	63	4	to	to	PART
dem-5678	63	5	use	use	VERB
dem-5678	63	6	this	this	DET
dem-5678	63	7	indicator	indicator	NOUN
dem-5678	63	8	due	due	ADP
dem-5678	63	9	to	to	ADP
dem-5678	63	10	the	the	DET
dem-5678	63	11	fact	fact	NOUN
dem-5678	63	12	that	that	SCONJ
dem-5678	63	13	almost	almost	ADV
dem-5678	63	14	all	all	DET
dem-5678	63	15	exchanges	exchange	NOUN
dem-5678	63	16	,	,	PUNCT
dem-5678	63	17	described	describe	VERB
dem-5678	63	18	as	as	ADP
dem-5678	63	19	mature	mature	ADJ
dem-5678	63	20	,	,	PUNCT
dem-5678	63	21	are	be	AUX
dem-5678	63	22	located	locate	VERB
dem-5678	63	23	in	in	ADP
dem-5678	63	24	countries	country	NOUN
dem-5678	63	25	that	that	PRON
dem-5678	63	26	have	have	AUX
dem-5678	63	27	achieved	achieve	VERB
dem-5678	63	28	a	a	DET
dem-5678	63	29	high	high	ADJ
dem-5678	63	30	level	level	NOUN
dem-5678	63	31	of	of	ADP
dem-5678	63	32	development	development	NOUN
dem-5678	63	33	.	.	PUNCT
dem-5678	64	1	the	the	DET
dem-5678	64	2	top	top	ADJ
dem-5678	64	3	10	10	NUM
dem-5678	64	4	most	most	ADV
dem-5678	64	5	heavily	heavily	ADV
dem-5678	64	6	capitalized	capitalize	VERB
dem-5678	64	7	domestic	domestic	ADJ
dem-5678	64	8	companies	company	NOUN
dem-5678	64	9	is	be	AUX
dem-5678	64	10	one	one	NUM
dem-5678	64	11	of	of	ADP
dem-5678	64	12	the	the	DET
dem-5678	64	13	indicators	indicator	NOUN
dem-5678	64	14	reflecting	reflect	VERB
dem-5678	64	15	market	market	NOUN
dem-5678	64	16	concentration	concentration	NOUN
dem-5678	64	17	.	.	PUNCT
dem-5678	65	1	this	this	DET
dem-5678	65	2	parameter	parameter	NOUN
dem-5678	65	3	,	,	PUNCT
dem-5678	65	4	as	as	ADP
dem-5678	65	5	the	the	DET
dem-5678	65	6	only	only	ADJ
dem-5678	65	7	one	one	NUM
dem-5678	65	8	out	out	ADP
dem-5678	65	9	of	of	ADP
dem-5678	65	10	the	the	DET
dem-5678	65	11	six	six	NUM
dem-5678	65	12	variables	variable	NOUN
dem-5678	65	13	taken	take	VERB
dem-5678	65	14	into	into	ADP
dem-5678	65	15	account	account	NOUN
dem-5678	65	16	,	,	PUNCT
dem-5678	65	17	was	be	AUX
dem-5678	65	18	treated	treat	VERB
dem-5678	65	19	as	as	ADP
dem-5678	65	20	a	a	DET
dem-5678	65	21	destimulant	destimulant	NOUN
dem-5678	65	22	.	.	PUNCT
dem-5678	66	1	the	the	DET
dem-5678	66	2	concentration	concentration	NOUN
dem-5678	66	3	phenomenon	phenomenon	NOUN
dem-5678	66	4	takes	take	VERB
dem-5678	66	5	place	place	NOUN
dem-5678	66	6	when	when	SCONJ
dem-5678	66	7	a	a	DET
dem-5678	66	8	small	small	ADJ
dem-5678	66	9	number	number	NOUN
dem-5678	66	10	of	of	ADP
dem-5678	66	11	large	large	ADJ
dem-5678	66	12	companies	company	NOUN
dem-5678	66	13	has	have	VERB
dem-5678	66	14	a	a	DET
dem-5678	66	15	significant	significant	ADJ
dem-5678	66	16	share	share	NOUN
dem-5678	66	17	in	in	ADP
dem-5678	66	18	the	the	DET
dem-5678	66	19	capitalization	capitalization	NOUN
dem-5678	66	20	of	of	ADP
dem-5678	66	21	a	a	DET
dem-5678	66	22	given	give	VERB
dem-5678	66	23	stock	stock	NOUN
dem-5678	66	24	exchange	exchange	NOUN
dem-5678	66	25	.	.	PUNCT
dem-5678	67	1	a	a	DET
dem-5678	67	2	high	high	ADJ
dem-5678	67	3	value	value	NOUN
dem-5678	67	4	of	of	ADP
dem-5678	67	5	this	this	DET
dem-5678	67	6	indicator	indicator	NOUN
dem-5678	67	7	is	be	AUX
dem-5678	67	8	undesirable	undesirable	ADJ
dem-5678	67	9	since	since	SCONJ
dem-5678	67	10	it	it	PRON
dem-5678	67	11	characterizes	characterize	VERB
dem-5678	67	12	poorly	poorly	ADV
dem-5678	67	13	developed	develop	VERB
dem-5678	67	14	markets	market	NOUN
dem-5678	67	15	.	.	PUNCT
dem-5678	68	1	the	the	DET
dem-5678	68	2	ratio	ratio	NOUN
dem-5678	68	3	of	of	ADP
dem-5678	68	4	market	market	NOUN
dem-5678	68	5	capitalization	capitalization	NOUN
dem-5678	68	6	to	to	ADP
dem-5678	68	7	gdp	gdp	NOUN
dem-5678	68	8	reflects	reflect	VERB
dem-5678	68	9	the	the	DET
dem-5678	68	10	relationship	relationship	NOUN
dem-5678	68	11	between	between	ADP
dem-5678	68	12	economic	economic	ADJ
dem-5678	68	13	development	development	NOUN
dem-5678	68	14	and	and	CCONJ
dem-5678	68	15	maturity	maturity	NOUN
dem-5678	68	16	of	of	ADP
dem-5678	68	17	an	an	DET
dem-5678	68	18	equity	equity	NOUN
dem-5678	68	19	market	market	NOUN
dem-5678	68	20	.	.	PUNCT
dem-5678	69	1	it	it	PRON
dem-5678	69	2	was	be	AUX
dem-5678	69	3	observed	observe	VERB
dem-5678	69	4	that	that	SCONJ
dem-5678	69	5	for	for	ADP
dem-5678	69	6	well	well	ADV
dem-5678	69	7	-	-	PUNCT
dem-5678	69	8	developed	develop	VERB
dem-5678	69	9	stock	stock	NOUN
dem-5678	69	10	markets	market	NOUN
dem-5678	69	11	,	,	PUNCT
dem-5678	69	12	the	the	DET
dem-5678	69	13	value	value	NOUN
dem-5678	69	14	of	of	ADP
dem-5678	69	15	this	this	DET
dem-5678	69	16	indicator	indicator	NOUN
dem-5678	69	17	is	be	AUX
dem-5678	69	18	higher	high	ADJ
dem-5678	69	19	than	than	ADP
dem-5678	69	20	60	60	NUM
dem-5678	69	21	percent	percent	NOUN
dem-5678	69	22	.	.	PUNCT
dem-5678	70	1	it	it	PRON
dem-5678	70	2	is	be	AUX
dem-5678	70	3	believed	believe	VERB
dem-5678	70	4	that	that	SCONJ
dem-5678	70	5	such	such	ADJ
dem-5678	70	6	participation	participation	NOUN
dem-5678	70	7	allows	allow	VERB
dem-5678	70	8	operators	operator	NOUN
dem-5678	70	9	to	to	PART
dem-5678	70	10	gather	gather	VERB
dem-5678	70	11	national	national	ADJ
dem-5678	70	12	and	and	CCONJ
dem-5678	70	13	foreign	foreign	ADJ
dem-5678	70	14	capital	capital	NOUN
dem-5678	70	15	.	.	PUNCT
dem-5678	71	1	at	at	ADP
dem-5678	71	2	the	the	DET
dem-5678	71	3	same	same	ADJ
dem-5678	71	4	time	time	NOUN
dem-5678	71	5	,	,	PUNCT
dem-5678	71	6	the	the	DET
dem-5678	71	7	results	result	NOUN
dem-5678	71	8	of	of	ADP
dem-5678	71	9	empirical	empirical	ADJ
dem-5678	71	10	studies	study	NOUN
dem-5678	71	11	demonstrate	demonstrate	VERB
dem-5678	71	12	that	that	SCONJ
dem-5678	71	13	this	this	DET
dem-5678	71	14	ratio	ratio	NOUN
dem-5678	71	15	needs	need	VERB
dem-5678	71	16	to	to	PART
dem-5678	71	17	be	be	AUX
dem-5678	71	18	above	above	ADP
dem-5678	71	19	2	2	NUM
dem-5678	71	20	percent	percent	NOUN
dem-5678	71	21	for	for	SCONJ
dem-5678	71	22	the	the	DET
dem-5678	71	23	stock	stock	NOUN
dem-5678	71	24	exchange	exchange	NOUN
dem-5678	71	25	to	to	PART
dem-5678	71	26	have	have	VERB
dem-5678	71	27	significant	significant	ADJ
dem-5678	71	28	influence	influence	NOUN
dem-5678	71	29	on	on	ADP
dem-5678	71	30	particular	particular	ADJ
dem-5678	71	31	processes	process	NOUN
dem-5678	71	32	of	of	ADP
dem-5678	71	33	a	a	DET
dem-5678	71	34	national	national	ADJ
dem-5678	71	35	economy	economy	NOUN
dem-5678	71	36	.	.	PUNCT
dem-5678	72	1	on	on	ADP
dem-5678	72	2	the	the	DET
dem-5678	72	3	other	other	ADJ
dem-5678	72	4	hand	hand	NOUN
dem-5678	72	5	,	,	PUNCT
dem-5678	72	6	this	this	DET
dem-5678	72	7	variable	variable	NOUN
dem-5678	72	8	should	should	AUX
dem-5678	72	9	be	be	AUX
dem-5678	72	10	treated	treat	VERB
dem-5678	72	11	with	with	ADP
dem-5678	72	12	caution	caution	NOUN
dem-5678	72	13	because	because	SCONJ
dem-5678	72	14	of	of	ADP
dem-5678	72	15	the	the	DET
dem-5678	72	16	fact	fact	NOUN
dem-5678	72	17	that	that	SCONJ
dem-5678	72	18	currently	currently	ADV
dem-5678	72	19	one	one	NUM
dem-5678	72	20	company	company	NOUN
dem-5678	72	21	may	may	AUX
dem-5678	72	22	be	be	AUX
dem-5678	72	23	listed	list	VERB
dem-5678	72	24	on	on	ADP
dem-5678	72	25	more	more	ADJ
dem-5678	72	26	than	than	ADP
dem-5678	72	27	one	one	NUM
dem-5678	72	28	market	market	NOUN
dem-5678	72	29	(	(	PUNCT
dem-5678	72	30	łuniewska	łuniewska	NOUN
dem-5678	72	31	and	and	CCONJ
dem-5678	72	32	tarczyński	tarczyński	ADJ
dem-5678	72	33	,	,	PUNCT
dem-5678	72	34	2006	2006	NUM
dem-5678	72	35	,	,	PUNCT
dem-5678	72	36	p.	p.	NOUN
dem-5678	72	37	45	45	NUM
dem-5678	72	38	)	)	PUNCT
dem-5678	72	39	.	.	PUNCT
dem-5678	73	1	2	2	X
dem-5678	73	2	.	.	X
dem-5678	73	3	methodology	methodology	NOUN
dem-5678	73	4	the	the	DET
dem-5678	73	5	research	research	NOUN
dem-5678	73	6	was	be	AUX
dem-5678	73	7	conducted	conduct	VERB
dem-5678	73	8	in	in	ADP
dem-5678	73	9	relation	relation	NOUN
dem-5678	73	10	to	to	ADP
dem-5678	73	11	the	the	DET
dem-5678	73	12	aggregate	aggregate	ADJ
dem-5678	73	13	characteristic	characteristic	NOUN
dem-5678	73	14	of	of	ADP
dem-5678	73	15	the	the	DET
dem-5678	73	16	stock	stock	NOUN
dem-5678	73	17	exchanges	exchange	NOUN
dem-5678	73	18	in	in	ADP
dem-5678	73	19	the	the	DET
dem-5678	73	20	form	form	NOUN
dem-5678	73	21	of	of	ADP
dem-5678	73	22	taxonomic	taxonomic	ADJ
dem-5678	73	23	measure	measure	NOUN
dem-5678	73	24	of	of	ADP
dem-5678	73	25	development	development	NOUN
dem-5678	73	26	.	.	PUNCT
dem-5678	74	1	this	this	DET
dem-5678	74	2	indicator	indicator	NOUN
dem-5678	74	3	is	be	AUX
dem-5678	74	4	understood	understand	VERB
dem-5678	74	5	as	as	ADP
dem-5678	74	6	a	a	DET
dem-5678	74	7	synthetic	synthetic	NOUN
dem-5678	74	8	normalized	normalize	VERB
dem-5678	74	9	formula	formula	NOUN
dem-5678	74	10	expressed	express	VERB
dem-5678	74	11	by	by	ADP
dem-5678	74	12	(	(	PUNCT
dem-5678	74	13	see	see	VERB
dem-5678	74	14	hellwig	hellwig	PROPN
dem-5678	74	15	,	,	PUNCT
dem-5678	74	16	1968	1968	NUM
dem-5678	74	17	):	):	PUNCT
dem-5678	74	18	,	,	PUNCT
dem-5678	74	19	2	2	NUM
dem-5678	74	20	1	1	NUM
dem-5678	74	21	'	'	PART
dem-5678	74	22	q	q	NOUN
dem-5678	75	1	i	i	PRON
dem-5678	75	2	i	i	NOUN
dem-5678	75	3	sq	sq	VERB
dem-5678	75	4	q	q	PROPN
dem-5678	75	5	q	q	X
dem-5678	75	6			ADJ
dem-5678	75	7			PROPN
dem-5678	75	8	(	(	PUNCT
dem-5678	75	9	1	1	NUM
dem-5678	75	10	)	)	PUNCT
dem-5678	75	11	where	where	SCONJ
dem-5678	75	12	:	:	PUNCT
dem-5678	75	13	iq	iq	PROPN
dem-5678	75	14			VERB
dem-5678	75	15	the	the	DET
dem-5678	75	16	synthetic	synthetic	ADJ
dem-5678	75	17	variable	variable	NOUN
dem-5678	75	18	determining	determine	VERB
dem-5678	75	19	the	the	DET
dem-5678	75	20	level	level	NOUN
dem-5678	75	21	of	of	ADP
dem-5678	75	22	development	development	NOUN
dem-5678	75	23	of	of	ADP
dem-5678	75	24	the	the	DET
dem-5678	75	25	i	i	PROPN
dem-5678	75	26	-	-	PUNCT
dem-5678	75	27	th	th	VERB
dem-5678	75	28	exchange	exchange	NOUN
dem-5678	75	29	in	in	ADP
dem-5678	75	30	relations	relation	NOUN
dem-5678	75	31	to	to	ADP
dem-5678	75	32	a	a	DET
dem-5678	75	33	development	development	NOUN
dem-5678	75	34	standard	standard	NOUN
dem-5678	75	35	,	,	PUNCT
dem-5678	75	36	q	q	PUNCT
dem-5678	75	37			VERB
dem-5678	75	38	the	the	DET
dem-5678	75	39	average	average	ADJ
dem-5678	75	40	value	value	NOUN
dem-5678	75	41	of	of	ADP
dem-5678	75	42	the	the	DET
dem-5678	75	43	synthetic	synthetic	ADJ
dem-5678	75	44	variable	variable	NOUN
dem-5678	75	45	,	,	PUNCT
dem-5678	75	46	qs	qs	PROPN
dem-5678	75	47			VERB
dem-5678	75	48	the	the	DET
dem-5678	75	49	standard	standard	ADJ
dem-5678	75	50	deviation	deviation	NOUN
dem-5678	75	51	of	of	ADP
dem-5678	75	52	the	the	DET
dem-5678	75	53	variable	variable	NOUN
dem-5678	75	54	.	.	PUNCT
dem-5678	76	1	elżbieta	elżbieta	PROPN
dem-5678	76	2	szulc	szulc	PROPN
dem-5678	76	3	,	,	PUNCT
dem-5678	76	4	dagna	dagna	VERB
dem-5678	76	5	wleklińska	wleklińska	NOUN
dem-5678	76	6	,	,	PUNCT
dem-5678	76	7	karolina	karolina	PROPN
dem-5678	76	8	górna	górna	PROPN
dem-5678	76	9	,	,	PUNCT
dem-5678	76	10	joanna	joanna	PROPN
dem-5678	76	11	górna	górna	PROPN
dem-5678	76	12	dynamic	dynamic	ADJ
dem-5678	76	13	econometric	econometric	ADJ
dem-5678	76	14	models	model	NOUN
dem-5678	76	15	14	14	NUM
dem-5678	76	16	(	(	PUNCT
dem-5678	76	17	2014	2014	NUM
dem-5678	76	18	)	)	PUNCT
dem-5678	77	1	125–144	125–144	NUM
dem-5678	77	2	130	130	NUM
dem-5678	77	3	in	in	ADP
dem-5678	77	4	this	this	DET
dem-5678	77	5	approach	approach	NOUN
dem-5678	77	6	the	the	DET
dem-5678	77	7	values	value	NOUN
dem-5678	77	8	of	of	ADP
dem-5678	77	9	the	the	DET
dem-5678	77	10	synthetic	synthetic	ADJ
dem-5678	77	11	variable	variable	NOUN
dem-5678	77	12	iq	iq	NOUN
dem-5678	77	13	are	be	AUX
dem-5678	77	14	calculated	calculate	VERB
dem-5678	77	15	according	accord	VERB
dem-5678	77	16	to	to	ADP
dem-5678	77	17	the	the	DET
dem-5678	77	18	formula	formula	NOUN
dem-5678	77	19	:	:	PUNCT
dem-5678	77	20			PROPN
dem-5678	77	21			PROPN
dem-5678	77	22	,	,	PUNCT
dem-5678	77	23	1	1	NUM
dem-5678	77	24	2	2	NUM
dem-5678	77	25	0	0	SYM
dem-5678	78	1			PROPN
dem-5678	78	2			PROPN
dem-5678	78	3	m	m	VERB
dem-5678	78	4	j	j	PROPN
dem-5678	78	5	jiji	jiji	PROPN
dem-5678	78	6	zzq	zzq	X
dem-5678	78	7	(	(	PUNCT
dem-5678	78	8	2	2	NUM
dem-5678	78	9	)	)	PUNCT
dem-5678	79	1	where	where	SCONJ
dem-5678	79	2	:	:	PUNCT
dem-5678	79	3	ijz	ijz	PROPN
dem-5678	79	4			VERB
dem-5678	79	5	the	the	DET
dem-5678	79	6	value	value	NOUN
dem-5678	79	7	of	of	ADP
dem-5678	79	8	j	j	PROPN
dem-5678	79	9	-	-	PUNCT
dem-5678	79	10	th	th	VERB
dem-5678	79	11	diagnostic	diagnostic	ADJ
dem-5678	79	12	variable	variable	NOUN
dem-5678	79	13	for	for	ADP
dem-5678	79	14	i	i	PROPN
dem-5678	79	15	-	-	PUNCT
dem-5678	79	16	th	th	VERB
dem-5678	79	17	exchange	exchange	NOUN
dem-5678	79	18	standardized	standardize	VERB
dem-5678	79	19	to	to	ADP
dem-5678	79	20	0–1	0–1	NOUN
dem-5678	79	21	,	,	PUNCT
dem-5678	79	22	jz0	jz0	PROPN
dem-5678	79	23			VERB
dem-5678	79	24	the	the	DET
dem-5678	79	25	value	value	NOUN
dem-5678	79	26	of	of	ADP
dem-5678	79	27	j	j	PROPN
dem-5678	79	28	-	-	PUNCT
dem-5678	79	29	th	th	VERB
dem-5678	79	30	diagnostic	diagnostic	ADJ
dem-5678	79	31	variable	variable	NOUN
dem-5678	79	32	for	for	ADP
dem-5678	79	33	the	the	DET
dem-5678	79	34	standard	standard	NOUN
dem-5678	79	35	of	of	ADP
dem-5678	79	36	development	development	NOUN
dem-5678	79	37	standardized	standardize	VERB
dem-5678	79	38	to	to	ADP
dem-5678	79	39	0–1	0–1	NOUN
dem-5678	79	40	.	.	PUNCT
dem-5678	80	1	thus	thus	ADV
dem-5678	80	2	,	,	PUNCT
dem-5678	80	3	iq	iq	PROPN
dem-5678	80	4	means	mean	VERB
dem-5678	80	5	a	a	DET
dem-5678	80	6	distance	distance	NOUN
dem-5678	80	7	between	between	ADP
dem-5678	80	8	i	i	PROPN
dem-5678	80	9	-	-	PUNCT
dem-5678	80	10	th	th	X
dem-5678	80	11	exchange	exchange	NOUN
dem-5678	80	12	and	and	CCONJ
dem-5678	80	13	the	the	DET
dem-5678	80	14	development	development	NOUN
dem-5678	80	15	standard	standard	NOUN
dem-5678	80	16	.	.	PUNCT
dem-5678	81	1	through	through	ADP
dem-5678	81	2	the	the	DET
dem-5678	81	3	use	use	NOUN
dem-5678	81	4	of	of	ADP
dem-5678	81	5	the	the	DET
dem-5678	81	6	taxonomic	taxonomic	ADJ
dem-5678	81	7	measure	measure	NOUN
dem-5678	81	8	of	of	ADP
dem-5678	81	9	stock	stock	NOUN
dem-5678	81	10	exchanges	exchange	NOUN
dem-5678	81	11	’	’	PART
dem-5678	81	12	development	development	NOUN
dem-5678	81	13	it	it	PRON
dem-5678	81	14	is	be	AUX
dem-5678	81	15	possible	possible	ADJ
dem-5678	81	16	to	to	PART
dem-5678	81	17	present	present	VERB
dem-5678	81	18	the	the	DET
dem-5678	81	19	rankings	ranking	NOUN
dem-5678	81	20	of	of	ADP
dem-5678	81	21	exchanges	exchange	NOUN
dem-5678	81	22	and	and	CCONJ
dem-5678	81	23	their	their	PRON
dem-5678	81	24	changes	change	NOUN
dem-5678	81	25	in	in	ADP
dem-5678	81	26	time	time	NOUN
dem-5678	81	27	,	,	PUNCT
dem-5678	81	28	the	the	DET
dem-5678	81	29	evaluation	evaluation	NOUN
dem-5678	81	30	of	of	ADP
dem-5678	81	31	the	the	DET
dem-5678	81	32	correlation	correlation	NOUN
dem-5678	81	33	between	between	ADP
dem-5678	81	34	stock	stock	NOUN
dem-5678	81	35	exchanges	exchange	NOUN
dem-5678	81	36	in	in	ADP
dem-5678	81	37	terms	term	NOUN
dem-5678	81	38	of	of	ADP
dem-5678	81	39	development	development	NOUN
dem-5678	81	40	,	,	PUNCT
dem-5678	81	41	the	the	DET
dem-5678	81	42	identification	identification	NOUN
dem-5678	81	43	of	of	ADP
dem-5678	81	44	the	the	DET
dem-5678	81	45	linkages	linkage	NOUN
dem-5678	81	46	between	between	ADP
dem-5678	81	47	markets	market	NOUN
dem-5678	81	48	in	in	ADP
dem-5678	81	49	economic	economic	ADJ
dem-5678	81	50	space	space	NOUN
dem-5678	81	51	,	,	PUNCT
dem-5678	81	52	and	and	CCONJ
dem-5678	81	53	finally	finally	ADV
dem-5678	81	54	the	the	DET
dem-5678	81	55	analysis	analysis	NOUN
dem-5678	81	56	of	of	ADP
dem-5678	81	57	the	the	DET
dem-5678	81	58	stock	stock	NOUN
dem-5678	81	59	exchanges	exchange	NOUN
dem-5678	81	60	’	'	PUNCT
dem-5678	81	61	convergence	convergence	NOUN
dem-5678	81	62	,	,	PUNCT
dem-5678	81	63	which	which	PRON
dem-5678	81	64	is	be	AUX
dem-5678	81	65	meant	mean	VERB
dem-5678	81	66	as	as	ADP
dem-5678	81	67	equalizing	equalize	VERB
dem-5678	81	68	their	their	PRON
dem-5678	81	69	development	development	NOUN
dem-5678	81	70	levels	level	NOUN
dem-5678	81	71	.	.	PUNCT
dem-5678	82	1	in	in	ADP
dem-5678	82	2	the	the	DET
dem-5678	82	3	analyses	analysis	NOUN
dem-5678	82	4	of	of	ADP
dem-5678	82	5	the	the	DET
dem-5678	82	6	stock	stock	NOUN
dem-5678	82	7	exchanges	exchange	NOUN
dem-5678	82	8	'	'	PART
dem-5678	82	9	convergence	convergence	NOUN
dem-5678	82	10	the	the	DET
dem-5678	82	11	econometric	econometric	ADJ
dem-5678	82	12	models	model	NOUN
dem-5678	82	13	of	of	ADP
dem-5678	82	14	β	β	NOUN
dem-5678	82	15	-	-	NOUN
dem-5678	82	16	convergence	convergence	NOUN
dem-5678	82	17	,	,	PUNCT
dem-5678	82	18	in	in	ADP
dem-5678	82	19	particular	particular	ADJ
dem-5678	82	20	the	the	DET
dem-5678	82	21	spatial	spatial	ADJ
dem-5678	82	22	models	model	NOUN
dem-5678	82	23	for	for	ADP
dem-5678	82	24	pooled	pool	VERB
dem-5678	82	25	time	time	NOUN
dem-5678	82	26	series	series	NOUN
dem-5678	82	27	and	and	CCONJ
dem-5678	82	28	cross	cross	ADJ
dem-5678	82	29	-	-	ADJ
dem-5678	82	30	sectional	sectional	ADJ
dem-5678	82	31	data	datum	NOUN
dem-5678	82	32	(	(	PUNCT
dem-5678	82	33	tscs	tscs	ADJ
dem-5678	82	34	)	)	PUNCT
dem-5678	82	35	and	and	CCONJ
dem-5678	82	36	spatial	spatial	ADJ
dem-5678	82	37	panel	panel	NOUN
dem-5678	82	38	models	model	NOUN
dem-5678	82	39	,	,	PUNCT
dem-5678	82	40	were	be	AUX
dem-5678	82	41	used	use	VERB
dem-5678	82	42	.	.	PUNCT
dem-5678	83	1	the	the	DET
dem-5678	83	2	model	model	NOUN
dem-5678	83	3	tscs	tsc	VERB
dem-5678	83	4	with	with	ADP
dem-5678	83	5	spatial	spatial	ADJ
dem-5678	83	6	component	component	NOUN
dem-5678	83	7	takes	take	VERB
dem-5678	83	8	the	the	DET
dem-5678	83	9	form	form	NOUN
dem-5678	83	10	of	of	ADP
dem-5678	83	11	the	the	DET
dem-5678	83	12	spatial	spatial	ADJ
dem-5678	83	13	autoregressive	autoregressive	ADJ
dem-5678	83	14	model	model	NOUN
dem-5678	83	15	(	(	PUNCT
dem-5678	83	16	sar_pooled	sar_pooled	ADJ
dem-5678	83	17	)	)	PUNCT
dem-5678	83	18	,	,	PUNCT
dem-5678	83	19	i.e.	i.e.	X
dem-5678	83	20			ADJ
dem-5678	83	21			NOUN
dem-5678	83	22	,	,	PUNCT
dem-5678	83	23	lnlnln	lnlnln	NOUN
dem-5678	83	24	'	'	PART
dem-5678	83	25	1	1	NUM
dem-5678	83	26	'	'	PUNCT
dem-5678	83	27	'	'	NUM
dem-5678	83	28	1	1	NUM
dem-5678	83	29	'	'	NUM
dem-5678	83	30	1	1	NUM
dem-5678	83	31	'	'	PUNCT
dem-5678	83	32	it	it	PRON
dem-5678	83	33	jt	jt	PROPN
dem-5678	83	34	jt	jt	PROPN
dem-5678	84	1	ij	ij	PROPN
dem-5678	84	2	ijit	ijit	VERB
dem-5678	84	3	it	it	PRON
dem-5678	84	4	it	it	PRON
dem-5678	84	5	q	q	NOUN
dem-5678	84	6	q	q	NOUN
dem-5678	84	7	wq	wq	INTJ
dem-5678	85	1	q	q	X
dem-5678	85	2	q	q	PUNCT
dem-5678	85	3			X
dem-5678	85	4			ADJ
dem-5678	85	5			ADJ
dem-5678	85	6			PROPN
dem-5678	85	7			PROPN
dem-5678	85	8			X
dem-5678	85	9			NOUN
dem-5678	85	10			X
dem-5678	85	11			VERB
dem-5678	85	12			PROPN
dem-5678	85	13			PROPN
dem-5678	85	14			PROPN
dem-5678	85	15			PRON
dem-5678	85	16			NOUN
dem-5678	85	17			VERB
dem-5678	86	1			PROPN
dem-5678	86	2			PROPN
dem-5678	86	3			PROPN
dem-5678	86	4			PROPN
dem-5678	86	5			X
dem-5678	86	6	(	(	PUNCT
dem-5678	86	7	3	3	NUM
dem-5678	86	8	)	)	PUNCT
dem-5678	86	9	or	or	CCONJ
dem-5678	86	10	of	of	ADP
dem-5678	86	11	the	the	DET
dem-5678	86	12	model	model	NOUN
dem-5678	86	13	with	with	ADP
dem-5678	86	14	spatial	spatial	ADJ
dem-5678	86	15	autoregressive	autoregressive	ADJ
dem-5678	86	16	residuals	residual	NOUN
dem-5678	86	17	(	(	PUNCT
dem-5678	86	18	se_pooled	se_poole	VERB
dem-5678	86	19	)	)	PUNCT
dem-5678	86	20	,	,	PUNCT
dem-5678	86	21	i.e.	i.e.	X
dem-5678	86	22			ADJ
dem-5678	86	23			NOUN
dem-5678	86	24	,	,	PUNCT
dem-5678	86	25	lnln	lnln	NOUN
dem-5678	86	26	'	'	PUNCT
dem-5678	86	27	1	1	NUM
dem-5678	86	28	'	'	NUM
dem-5678	86	29	1	1	NUM
dem-5678	86	30	'	'	PUNCT
dem-5678	86	31	itit	itit	PROPN
dem-5678	86	32	it	it	PRON
dem-5678	86	33	it	it	PRON
dem-5678	86	34	q	q	NOUN
dem-5678	86	35	q	q	X
dem-5678	86	36	q	q	X
dem-5678	86	37			PROPN
dem-5678	86	38			CCONJ
dem-5678	86	39			PROPN
dem-5678	86	40			DET
dem-5678	86	41			NOUN
dem-5678	86	42			VERB
dem-5678	86	43			PROPN
dem-5678	86	44			PROPN
dem-5678	86	45			PROPN
dem-5678	86	46	.itjt	.itjt	NOUN
dem-5678	86	47	ij	ij	INTJ
dem-5678	86	48	ijit	ijit	PROPN
dem-5678	86	49	w	w	PROPN
dem-5678	86	50			X
dem-5678	86	51			ADJ
dem-5678	86	52			X
dem-5678	86	53			NOUN
dem-5678	86	54	(	(	PUNCT
dem-5678	86	55	4	4	NUM
dem-5678	86	56	)	)	PUNCT
dem-5678	86	57	the	the	DET
dem-5678	86	58	spatial	spatial	ADJ
dem-5678	86	59	panel	panel	NOUN
dem-5678	86	60	models	model	NOUN
dem-5678	86	61	used	use	VERB
dem-5678	86	62	in	in	ADP
dem-5678	86	63	the	the	DET
dem-5678	86	64	investigation	investigation	NOUN
dem-5678	86	65	were	be	AUX
dem-5678	86	66	as	as	SCONJ
dem-5678	86	67	follows	follow	VERB
dem-5678	86	68	:	:	PUNCT
dem-5678	86	69			ADJ
dem-5678	86	70			NOUN
dem-5678	86	71	,	,	PUNCT
dem-5678	86	72	lnlnln	lnlnln	NOUN
dem-5678	86	73	'	'	PART
dem-5678	86	74	1	1	NUM
dem-5678	86	75	'	'	PUNCT
dem-5678	86	76	'	'	NUM
dem-5678	86	77	1	1	NUM
dem-5678	86	78	'	'	NUM
dem-5678	86	79	1	1	NUM
dem-5678	86	80	'	'	PUNCT
dem-5678	86	81	it	it	PRON
dem-5678	86	82	jt	jt	PROPN
dem-5678	86	83	jt	jt	PROPN
dem-5678	87	1	ij	ij	INTJ
dem-5678	87	2	ijiti	ijiti	INTJ
dem-5678	87	3	it	it	PRON
dem-5678	88	1	it	it	PRON
dem-5678	88	2	q	q	NOUN
dem-5678	88	3	q	q	NOUN
dem-5678	88	4	wq	wq	INTJ
dem-5678	88	5	q	q	X
dem-5678	88	6	q	q	PUNCT
dem-5678	88	7			X
dem-5678	88	8			ADJ
dem-5678	89	1			ADJ
dem-5678	89	2			PROPN
dem-5678	89	3			PROPN
dem-5678	89	4			X
dem-5678	89	5			NOUN
dem-5678	89	6			X
dem-5678	89	7			VERB
dem-5678	89	8			PROPN
dem-5678	89	9			PROPN
dem-5678	89	10			PROPN
dem-5678	89	11			PRON
dem-5678	89	12			NOUN
dem-5678	89	13			VERB
dem-5678	89	14			PROPN
dem-5678	89	15			PROPN
dem-5678	89	16			PROPN
dem-5678	89	17			PROPN
dem-5678	89	18			X
dem-5678	89	19	(	(	PUNCT
dem-5678	89	20	5	5	NUM
dem-5678	89	21	)	)	PUNCT
dem-5678	89	22	i.e.	i.e.	X
dem-5678	89	23	the	the	DET
dem-5678	89	24	spatial	spatial	ADJ
dem-5678	89	25	autoregressive	autoregressive	ADJ
dem-5678	89	26	panel	panel	NOUN
dem-5678	89	27	model	model	NOUN
dem-5678	89	28	with	with	ADP
dem-5678	89	29	individual	individual	ADJ
dem-5678	89	30	fixed	fix	VERB
dem-5678	89	31	effects	effect	NOUN
dem-5678	89	32	(	(	PUNCT
dem-5678	89	33	the	the	DET
dem-5678	89	34	spatial	spatial	ADJ
dem-5678	89	35	autoregressive	autoregressive	ADJ
dem-5678	89	36	fixed	fix	VERB
dem-5678	89	37	-	-	PUNCT
dem-5678	89	38	effect	effect	NOUN
dem-5678	89	39	model	model	NOUN
dem-5678	89	40	)	)	PUNCT
dem-5678	89	41	(	(	PUNCT
dem-5678	89	42	sar_fe_ind	sar_fe_ind	NUM
dem-5678	89	43	)	)	PUNCT
dem-5678	89	44	and	and	CCONJ
dem-5678	89	45	the	the	DET
dem-5678	89	46	significance	significance	NOUN
dem-5678	89	47	of	of	ADP
dem-5678	89	48	distance	distance	NOUN
dem-5678	89	49	between	between	ADP
dem-5678	89	50	stock	stock	NOUN
dem-5678	89	51	exchanges	exchange	NOUN
dem-5678	89	52	…	…	PUNCT
dem-5678	89	53	dynamic	dynamic	ADJ
dem-5678	89	54	econometric	econometric	ADJ
dem-5678	89	55	models	model	NOUN
dem-5678	89	56	14	14	NUM
dem-5678	89	57	(	(	PUNCT
dem-5678	89	58	2014	2014	NUM
dem-5678	89	59	)	)	PUNCT
dem-5678	90	1	125–144	125–144	NUM
dem-5678	90	2	131	131	NUM
dem-5678	90	3			PROPN
dem-5678	90	4			PROPN
dem-5678	90	5	,	,	PUNCT
dem-5678	90	6	lnln	lnln	NOUN
dem-5678	90	7	'	'	PUNCT
dem-5678	90	8	1	1	NUM
dem-5678	90	9	'	'	NUM
dem-5678	90	10	1	1	NUM
dem-5678	90	11	'	'	PUNCT
dem-5678	90	12	ititi	ititi	NOUN
dem-5678	90	13	it	it	PRON
dem-5678	90	14	it	it	PRON
dem-5678	90	15	q	q	X
dem-5678	90	16	q	q	X
dem-5678	90	17	q	q	X
dem-5678	90	18			PROPN
dem-5678	90	19			CCONJ
dem-5678	90	20			PROPN
dem-5678	90	21			DET
dem-5678	90	22			NOUN
dem-5678	90	23			VERB
dem-5678	90	24			PROPN
dem-5678	90	25			PROPN
dem-5678	90	26			NOUN
dem-5678	90	27	,	,	PUNCT
dem-5678	90	28	itjt	itjt	VERB
dem-5678	90	29	ij	ij	NOUN
dem-5678	90	30	ijit	ijit	PROPN
dem-5678	90	31	w	w	PROPN
dem-5678	90	32			X
dem-5678	90	33			ADJ
dem-5678	90	34			X
dem-5678	90	35			NOUN
dem-5678	90	36	(	(	PUNCT
dem-5678	90	37	6	6	NUM
dem-5678	90	38	)	)	PUNCT
dem-5678	90	39	i.e.	i.e.	X
dem-5678	90	40	the	the	DET
dem-5678	90	41	spatial	spatial	ADJ
dem-5678	90	42	error	error	NOUN
dem-5678	90	43	panel	panel	NOUN
dem-5678	90	44	model	model	NOUN
dem-5678	90	45	with	with	ADP
dem-5678	90	46	individual	individual	ADJ
dem-5678	90	47	fixed	fix	VERB
dem-5678	90	48	effects	effect	NOUN
dem-5678	90	49	(	(	PUNCT
dem-5678	90	50	se_fe_ind	se_fe_ind	ADJ
dem-5678	90	51	)	)	PUNCT
dem-5678	90	52	.	.	PUNCT
dem-5678	91	1	elements	element	NOUN
dem-5678	91	2	wij	wij	PROPN
dem-5678	91	3	in	in	ADP
dem-5678	91	4	the	the	DET
dem-5678	91	5	formulas	formula	NOUN
dem-5678	91	6	(	(	PUNCT
dem-5678	91	7	3)–(6	3)–(6	X
dem-5678	91	8	)	)	PUNCT
dem-5678	91	9	come	come	VERB
dem-5678	91	10	from	from	ADP
dem-5678	91	11	connectivity	connectivity	NOUN
dem-5678	91	12	matrix	matrix	NOUN
dem-5678	91	13	w	w	ADP
dem-5678	91	14	which	which	PRON
dem-5678	91	15	refers	refer	VERB
dem-5678	91	16	to	to	ADP
dem-5678	91	17	the	the	DET
dem-5678	91	18	linkages	linkage	NOUN
dem-5678	91	19	between	between	ADP
dem-5678	91	20	exchanges	exchange	NOUN
dem-5678	91	21	considered	consider	VERB
dem-5678	91	22	.	.	PUNCT
dem-5678	92	1	assuming	assume	VERB
dem-5678	92	2	that	that	SCONJ
dem-5678	92	3	there	there	PRON
dem-5678	92	4	are	be	VERB
dem-5678	92	5	n	n	PRON
dem-5678	92	6	stock	stock	NOUN
dem-5678	92	7	exchanges	exchange	NOUN
dem-5678	92	8	,	,	PUNCT
dem-5678	92	9	the	the	DET
dem-5678	92	10	matrix	matrix	NOUN
dem-5678	92	11	has	have	VERB
dem-5678	92	12	as	as	ADV
dem-5678	92	13	many	many	ADJ
dem-5678	92	14	rows	row	NOUN
dem-5678	92	15	and	and	CCONJ
dem-5678	92	16	columns	column	NOUN
dem-5678	92	17	as	as	SCONJ
dem-5678	92	18	there	there	PRON
dem-5678	92	19	are	be	VERB
dem-5678	92	20	exchanges	exchange	NOUN
dem-5678	92	21	,	,	PUNCT
dem-5678	92	22	i.e.	i.e.	X
dem-5678	92	23	n	n	X
dem-5678	92	24	by	by	ADP
dem-5678	92	25	n	n	PRON
dem-5678	92	26	matrix	matrix	NOUN
dem-5678	92	27	w	w	NOUN
dem-5678	92	28	is	be	AUX
dem-5678	92	29	considered	consider	VERB
dem-5678	92	30	.	.	PUNCT
dem-5678	93	1	each	each	DET
dem-5678	93	2	row	row	NOUN
dem-5678	93	3	of	of	ADP
dem-5678	93	4	the	the	DET
dem-5678	93	5	matrix	matrix	NOUN
dem-5678	93	6	contains	contain	VERB
dem-5678	93	7	non	non	ADJ
dem-5678	93	8	-	-	ADJ
dem-5678	93	9	zero	zero	NUM
dem-5678	93	10	elements	element	NOUN
dem-5678	93	11	in	in	ADP
dem-5678	93	12	columns	column	NOUN
dem-5678	93	13	which	which	PRON
dem-5678	93	14	correspond	correspond	VERB
dem-5678	93	15	to	to	ADP
dem-5678	93	16	the	the	DET
dem-5678	93	17	connected	connected	ADJ
dem-5678	93	18	objects	object	NOUN
dem-5678	93	19	,	,	PUNCT
dem-5678	93	20	according	accord	VERB
dem-5678	93	21	to	to	ADP
dem-5678	93	22	the	the	DET
dem-5678	93	23	received	receive	VERB
dem-5678	93	24	criterion	criterion	NOUN
dem-5678	93	25	.	.	PUNCT
dem-5678	94	1	furthermore	furthermore	ADV
dem-5678	94	2	,	,	PUNCT
dem-5678	94	3	the	the	DET
dem-5678	94	4	given	give	VERB
dem-5678	94	5	object	object	NOUN
dem-5678	94	6	can	can	AUX
dem-5678	94	7	not	not	PART
dem-5678	94	8	be	be	AUX
dem-5678	94	9	connected	connect	VERB
dem-5678	94	10	to	to	ADP
dem-5678	94	11	itself	itself	PRON
dem-5678	94	12	,	,	PUNCT
dem-5678	94	13	so	so	ADV
dem-5678	94	14	wij	wij	PROPN
dem-5678	94	15	=	=	SYM
dem-5678	94	16	0	0	PROPN
dem-5678	94	17	for	for	ADP
dem-5678	94	18	all	all	DET
dem-5678	94	19	i	i	PRON
dem-5678	94	20	=	=	PUNCT
dem-5678	94	21	j.	j.	PROPN
dem-5678	95	1	thus	thus	ADV
dem-5678	95	2	,	,	PUNCT
dem-5678	95	3	the	the	DET
dem-5678	95	4	diagonal	diagonal	ADJ
dem-5678	95	5	elements	element	NOUN
dem-5678	95	6	of	of	ADP
dem-5678	95	7	w	w	PROPN
dem-5678	95	8	are	be	AUX
dem-5678	95	9	zeros	zero	NOUN
dem-5678	95	10	.	.	PUNCT
dem-5678	96	1	in	in	ADP
dem-5678	96	2	the	the	DET
dem-5678	96	3	majority	majority	NOUN
dem-5678	96	4	of	of	ADP
dem-5678	96	5	the	the	DET
dem-5678	96	6	spatial	spatial	ADJ
dem-5678	96	7	analyses	analyse	VERB
dem-5678	96	8	the	the	DET
dem-5678	96	9	starting	starting	NOUN
dem-5678	96	10	point	point	NOUN
dem-5678	96	11	in	in	ADP
dem-5678	96	12	establishing	establish	VERB
dem-5678	96	13	the	the	DET
dem-5678	96	14	spatial	spatial	ADJ
dem-5678	96	15	connections	connection	NOUN
dem-5678	96	16	is	be	AUX
dem-5678	96	17	the	the	DET
dem-5678	96	18	binary	binary	ADJ
dem-5678	96	19	matrix	matrix	NOUN
dem-5678	96	20	of	of	ADP
dem-5678	96	21	neighborhood	neighborhood	NOUN
dem-5678	96	22	.	.	PUNCT
dem-5678	97	1	the	the	DET
dem-5678	97	2	neighbors	neighbor	NOUN
dem-5678	97	3	are	be	AUX
dem-5678	97	4	usually	usually	ADV
dem-5678	97	5	established	establish	VERB
dem-5678	97	6	according	accord	VERB
dem-5678	97	7	to	to	ADP
dem-5678	97	8	the	the	DET
dem-5678	97	9	common	common	ADJ
dem-5678	97	10	border	border	NOUN
dem-5678	97	11	criterion	criterion	NOUN
dem-5678	97	12	.	.	PUNCT
dem-5678	98	1	then	then	ADV
dem-5678	98	2	,	,	PUNCT
dem-5678	98	3	the	the	DET
dem-5678	98	4	rows	row	NOUN
dem-5678	98	5	in	in	ADP
dem-5678	98	6	the	the	DET
dem-5678	98	7	connectivity	connectivity	NOUN
dem-5678	98	8	matrix	matrix	NOUN
dem-5678	98	9	are	be	AUX
dem-5678	98	10	normalized	normalize	VERB
dem-5678	98	11	,	,	PUNCT
dem-5678	98	12	so	so	SCONJ
dem-5678	98	13	that	that	SCONJ
dem-5678	98	14	the	the	DET
dem-5678	98	15	row	row	NOUN
dem-5678	98	16	sums	sum	NOUN
dem-5678	98	17	are	be	AUX
dem-5678	98	18	equal	equal	ADJ
dem-5678	98	19	to	to	ADP
dem-5678	98	20	1	1	NUM
dem-5678	98	21	,	,	PUNCT
dem-5678	98	22	as	as	ADP
dem-5678	98	23	a	a	DET
dem-5678	98	24	result	result	NOUN
dem-5678	98	25	of	of	ADP
dem-5678	98	26	dividing	divide	VERB
dem-5678	98	27	each	each	DET
dem-5678	98	28	entry	entry	NOUN
dem-5678	98	29	on	on	ADP
dem-5678	98	30	a	a	DET
dem-5678	98	31	row	row	NOUN
dem-5678	98	32	by	by	ADP
dem-5678	98	33	the	the	DET
dem-5678	98	34	sum	sum	NOUN
dem-5678	98	35	of	of	ADP
dem-5678	98	36	the	the	DET
dem-5678	98	37	row	row	NOUN
dem-5678	98	38	values	value	NOUN
dem-5678	98	39	(	(	PUNCT
dem-5678	98	40	the	the	DET
dem-5678	98	41	so	so	ADV
dem-5678	98	42	-	-	PUNCT
dem-5678	98	43	called	call	VERB
dem-5678	98	44	row	row	NOUN
dem-5678	98	45	standardization	standardization	NOUN
dem-5678	98	46	to	to	ADP
dem-5678	98	47	one	one	NUM
dem-5678	98	48	)	)	PUNCT
dem-5678	98	49	.	.	PUNCT
dem-5678	99	1	the	the	DET
dem-5678	99	2	weights	weight	NOUN
dem-5678	99	3	wij	wij	PROPN
dem-5678	99	4	that	that	PRON
dem-5678	99	5	are	be	AUX
dem-5678	99	6	established	establish	VERB
dem-5678	99	7	in	in	ADP
dem-5678	99	8	this	this	DET
dem-5678	99	9	way	way	NOUN
dem-5678	99	10	signify	signify	VERB
dem-5678	99	11	that	that	SCONJ
dem-5678	99	12	each	each	DET
dem-5678	99	13	j	j	PROPN
dem-5678	99	14	-	-	PUNCT
dem-5678	99	15	th	th	PROPN
dem-5678	99	16	neighbour	neighbour	NOUN
dem-5678	99	17	of	of	ADP
dem-5678	99	18	the	the	DET
dem-5678	99	19	i	i	PROPN
dem-5678	99	20	-	-	PUNCT
dem-5678	99	21	th	th	X
dem-5678	99	22	spatial	spatial	ADJ
dem-5678	99	23	units	unit	NOUN
dem-5678	99	24	is	be	AUX
dem-5678	99	25	treated	treat	VERB
dem-5678	99	26	identically	identically	ADV
dem-5678	99	27	,	,	PUNCT
dem-5678	99	28	and	and	CCONJ
dem-5678	99	29	the	the	PRON
dem-5678	99	30	greater	great	ADJ
dem-5678	99	31	the	the	DET
dem-5678	99	32	strength	strength	NOUN
dem-5678	99	33	of	of	ADP
dem-5678	99	34	its	its	PRON
dem-5678	99	35	interactions	interaction	NOUN
dem-5678	99	36	with	with	ADP
dem-5678	99	37	the	the	DET
dem-5678	99	38	neighbours	neighbour	NOUN
dem-5678	99	39	is	be	AUX
dem-5678	99	40	,	,	PUNCT
dem-5678	99	41	the	the	DET
dem-5678	99	42	fewer	few	ADJ
dem-5678	99	43	neighbours	neighbour	NOUN
dem-5678	99	44	it	it	PRON
dem-5678	99	45	has	have	VERB
dem-5678	99	46	.	.	PUNCT
dem-5678	100	1	a	a	DET
dem-5678	100	2	different	different	ADJ
dem-5678	100	3	situation	situation	NOUN
dem-5678	100	4	occurs	occur	VERB
dem-5678	100	5	when	when	SCONJ
dem-5678	100	6	the	the	DET
dem-5678	100	7	weights	weight	NOUN
dem-5678	100	8	wij	wij	PROPN
dem-5678	100	9	are	be	AUX
dem-5678	100	10	functions	function	NOUN
dem-5678	100	11	of	of	ADP
dem-5678	100	12	some	some	DET
dem-5678	100	13	properties	property	NOUN
dem-5678	100	14	of	of	ADP
dem-5678	100	15	the	the	DET
dem-5678	100	16	space	space	NOUN
dem-5678	100	17	,	,	PUNCT
dem-5678	100	18	e.g.	e.g.	ADV
dem-5678	100	19	of	of	ADP
dem-5678	100	20	the	the	DET
dem-5678	100	21	length	length	NOUN
dem-5678	100	22	of	of	ADP
dem-5678	100	23	the	the	DET
dem-5678	100	24	common	common	ADJ
dem-5678	100	25	border	border	NOUN
dem-5678	100	26	,	,	PUNCT
dem-5678	100	27	of	of	ADP
dem-5678	100	28	the	the	DET
dem-5678	100	29	distance	distance	NOUN
dem-5678	100	30	between	between	ADP
dem-5678	100	31	the	the	DET
dem-5678	100	32	centers	center	NOUN
dem-5678	100	33	of	of	ADP
dem-5678	100	34	the	the	DET
dem-5678	100	35	regions	region	NOUN
dem-5678	100	36	or	or	CCONJ
dem-5678	100	37	of	of	ADP
dem-5678	100	38	other	other	ADJ
dem-5678	100	39	measures	measure	NOUN
dem-5678	100	40	of	of	ADP
dem-5678	100	41	similarity	similarity	NOUN
dem-5678	100	42	between	between	ADP
dem-5678	100	43	the	the	DET
dem-5678	100	44	regions	region	NOUN
dem-5678	100	45	,	,	PUNCT
dem-5678	100	46	e.g.	e.g.	ADV
dem-5678	100	47	of	of	ADP
dem-5678	100	48	the	the	DET
dem-5678	100	49	so	so	ADV
dem-5678	100	50	-	-	PUNCT
dem-5678	100	51	called	call	VERB
dem-5678	100	52	economic	economic	ADJ
dem-5678	100	53	distance	distance	NOUN
dem-5678	100	54	between	between	ADP
dem-5678	100	55	them	they	PRON
dem-5678	100	56	.	.	PUNCT
dem-5678	101	1	various	various	ADJ
dem-5678	101	2	types	type	NOUN
dem-5678	101	3	of	of	ADP
dem-5678	101	4	weights	weight	NOUN
dem-5678	101	5	wij	wij	PROPN
dem-5678	101	6	may	may	AUX
dem-5678	101	7	be	be	AUX
dem-5678	101	8	pointed	point	VERB
dem-5678	101	9	out	out	ADP
dem-5678	101	10	according	accord	VERB
dem-5678	101	11	to	to	ADP
dem-5678	101	12	the	the	DET
dem-5678	101	13	established	establish	VERB
dem-5678	101	14	criteria	criterion	NOUN
dem-5678	101	15	(	(	PUNCT
dem-5678	101	16	see	see	VERB
dem-5678	101	17	e.g.	e.g.	ADV
dem-5678	101	18	haining	haining	NOUN
dem-5678	101	19	,	,	PUNCT
dem-5678	101	20	2005	2005	NUM
dem-5678	101	21	,	,	PUNCT
dem-5678	101	22	p.	p.	NOUN
dem-5678	101	23	83–84	83–84	NUM
dem-5678	101	24	)	)	PUNCT
dem-5678	101	25	.	.	PUNCT
dem-5678	102	1	in	in	ADP
dem-5678	102	2	this	this	DET
dem-5678	102	3	paper	paper	NOUN
dem-5678	102	4	the	the	DET
dem-5678	102	5	linkages	linkage	NOUN
dem-5678	102	6	between	between	ADP
dem-5678	102	7	stock	stock	NOUN
dem-5678	102	8	exchanges	exchange	NOUN
dem-5678	102	9	will	will	AUX
dem-5678	102	10	be	be	AUX
dem-5678	102	11	defined	define	VERB
dem-5678	102	12	with	with	ADP
dem-5678	102	13	the	the	DET
dem-5678	102	14	use	use	NOUN
dem-5678	102	15	of	of	ADP
dem-5678	102	16	two	two	NUM
dem-5678	102	17	approaches	approach	NOUN
dem-5678	102	18	.	.	PUNCT
dem-5678	103	1	the	the	DET
dem-5678	103	2	first	first	ADJ
dem-5678	103	3	one	one	NOUN
dem-5678	103	4	uses	use	VERB
dem-5678	103	5	a	a	DET
dem-5678	103	6	matrix	matrix	NOUN
dem-5678	103	7	of	of	ADP
dem-5678	103	8	connections	connection	NOUN
dem-5678	103	9	with	with	ADP
dem-5678	103	10	weights	weight	NOUN
dem-5678	103	11	established	establish	VERB
dem-5678	103	12	on	on	ADP
dem-5678	103	13	the	the	DET
dem-5678	103	14	basis	basis	NOUN
dem-5678	103	15	of	of	ADP
dem-5678	103	16	the	the	DET
dem-5678	103	17	physical	physical	ADJ
dem-5678	103	18	distance	distance	NOUN
dem-5678	103	19	between	between	ADP
dem-5678	103	20	the	the	DET
dem-5678	103	21	centers	center	NOUN
dem-5678	103	22	of	of	ADP
dem-5678	103	23	the	the	DET
dem-5678	103	24	countries	country	NOUN
dem-5678	103	25	where	where	SCONJ
dem-5678	103	26	the	the	DET
dem-5678	103	27	stock	stock	NOUN
dem-5678	103	28	exchanges	exchange	NOUN
dem-5678	103	29	are	be	AUX
dem-5678	103	30	located	locate	VERB
dem-5678	103	31	.	.	PUNCT
dem-5678	104	1	the	the	DET
dem-5678	104	2	second	second	ADJ
dem-5678	104	3	one	one	NOUN
dem-5678	104	4	consists	consist	VERB
dem-5678	104	5	in	in	ADP
dem-5678	104	6	that	that	PRON
dem-5678	104	7	in	in	ADP
dem-5678	104	8	the	the	DET
dem-5678	104	9	matrix	matrix	NOUN
dem-5678	104	10	of	of	ADP
dem-5678	104	11	connections	connection	NOUN
dem-5678	104	12	the	the	DET
dem-5678	104	13	economic	economic	ADJ
dem-5678	104	14	distance	distance	NOUN
dem-5678	104	15	(	(	PUNCT
dem-5678	104	16	the	the	DET
dem-5678	104	17	essence	essence	NOUN
dem-5678	104	18	of	of	ADP
dem-5678	104	19	which	which	PRON
dem-5678	104	20	is	be	AUX
dem-5678	104	21	to	to	PART
dem-5678	104	22	establish	establish	VERB
dem-5678	104	23	similarity	similarity	NOUN
dem-5678	104	24	of	of	ADP
dem-5678	104	25	the	the	DET
dem-5678	104	26	exchanges	exchange	NOUN
dem-5678	104	27	on	on	ADP
dem-5678	104	28	the	the	DET
dem-5678	104	29	basis	basis	NOUN
dem-5678	104	30	of	of	ADP
dem-5678	104	31	the	the	DET
dem-5678	104	32	value	value	NOUN
dem-5678	104	33	of	of	ADP
dem-5678	104	34	the	the	DET
dem-5678	104	35	taxonomic	taxonomic	ADJ
dem-5678	104	36	measure	measure	NOUN
dem-5678	104	37	of	of	ADP
dem-5678	104	38	exchanges	exchange	NOUN
dem-5678	104	39	’	'	PUNCT
dem-5678	104	40	development	development	NOUN
dem-5678	104	41	)	)	PUNCT
dem-5678	104	42	is	be	AUX
dem-5678	104	43	taken	take	VERB
dem-5678	104	44	into	into	ADP
dem-5678	104	45	consideration	consideration	NOUN
dem-5678	104	46	.	.	PUNCT
dem-5678	105	1	the	the	DET
dem-5678	105	2	economic	economic	ADJ
dem-5678	105	3	distance	distance	NOUN
dem-5678	105	4	was	be	AUX
dem-5678	105	5	expressed	express	VERB
dem-5678	105	6	as	as	ADP
dem-5678	105	7	:	:	PUNCT
dem-5678	105	8			PROPN
dem-5678	105	9			PROPN
dem-5678	105	10	,	,	PUNCT
dem-5678	105	11	1	1	NUM
dem-5678	105	12	2	2	NUM
dem-5678	106	1			NUM
dem-5678	106	2			PROPN
dem-5678	106	3	m	m	PROPN
dem-5678	106	4	j	j	PROPN
dem-5678	106	5	kjijik	kjijik	ADJ
dem-5678	106	6	zzd	zzd	NOUN
dem-5678	106	7	(	(	PUNCT
dem-5678	106	8	7	7	X
dem-5678	106	9	)	)	PUNCT
dem-5678	106	10	elżbieta	elżbieta	PROPN
dem-5678	106	11	szulc	szulc	PROPN
dem-5678	106	12	,	,	PUNCT
dem-5678	106	13	dagna	dagna	VERB
dem-5678	106	14	wleklińska	wleklińska	NOUN
dem-5678	106	15	,	,	PUNCT
dem-5678	106	16	karolina	karolina	PROPN
dem-5678	106	17	górna	górna	PROPN
dem-5678	106	18	,	,	PUNCT
dem-5678	106	19	joanna	joanna	PROPN
dem-5678	106	20	górna	górna	PROPN
dem-5678	106	21	dynamic	dynamic	ADJ
dem-5678	106	22	econometric	econometric	ADJ
dem-5678	106	23	models	model	NOUN
dem-5678	106	24	14	14	NUM
dem-5678	106	25	(	(	PUNCT
dem-5678	106	26	2014	2014	NUM
dem-5678	106	27	)	)	PUNCT
dem-5678	107	1	125–144	125–144	NUM
dem-5678	107	2	132	132	NUM
dem-5678	107	3	where	where	SCONJ
dem-5678	107	4	:	:	PUNCT
dem-5678	107	5	kjij	kjij	PROPN
dem-5678	107	6	zz	zz	PROPN
dem-5678	107	7	,	,	PUNCT
dem-5678	107	8			VERB
dem-5678	107	9	the	the	DET
dem-5678	107	10	values	value	NOUN
dem-5678	107	11	of	of	ADP
dem-5678	107	12	standardized	standardized	ADJ
dem-5678	107	13	diagnostic	diagnostic	ADJ
dem-5678	107	14	variables	variable	NOUN
dem-5678	107	15	for	for	ADP
dem-5678	107	16	each	each	DET
dem-5678	107	17	i	i	PROPN
dem-5678	107	18	-	-	PUNCT
dem-5678	107	19	th	th	X
dem-5678	107	20	and	and	CCONJ
dem-5678	107	21	k	k	NOUN
dem-5678	107	22	-	-	PUNCT
dem-5678	107	23	th	th	VERB
dem-5678	107	24	stock	stock	NOUN
dem-5678	107	25	exchange	exchange	NOUN
dem-5678	107	26	,	,	PUNCT
dem-5678	107	27	j	j	PROPN
dem-5678	107	28	=	=	SYM
dem-5678	107	29	1	1	NUM
dem-5678	107	30	,	,	PUNCT
dem-5678	107	31	2	2	NUM
dem-5678	107	32	,	,	PUNCT
dem-5678	107	33	…	…	PUNCT
dem-5678	107	34	,	,	PUNCT
dem-5678	107	35	6	6	NUM
dem-5678	107	36			VERB
dem-5678	107	37	the	the	DET
dem-5678	107	38	number	number	NOUN
dem-5678	107	39	of	of	ADP
dem-5678	107	40	the	the	DET
dem-5678	107	41	diagnostic	diagnostic	ADJ
dem-5678	107	42	variable	variable	NOUN
dem-5678	107	43	.	.	PUNCT
dem-5678	108	1	in	in	ADP
dem-5678	108	2	both	both	DET
dem-5678	108	3	approaches	approach	VERB
dem-5678	108	4	the	the	DET
dem-5678	108	5	elements	element	NOUN
dem-5678	108	6	of	of	ADP
dem-5678	108	7	the	the	DET
dem-5678	108	8	linkages	linkage	NOUN
dem-5678	108	9	’	'	PUNCT
dem-5678	108	10	matrix	matrix	NOUN
dem-5678	108	11	are	be	AUX
dem-5678	108	12	equal	equal	ADJ
dem-5678	108	13	to	to	ADP
dem-5678	108	14	:	:	PUNCT
dem-5678	108	15			NOUN
dem-5678	108	16			NUM
dem-5678	108	17			NUM
dem-5678	108	18			NOUN
dem-5678	109	1			PRON
dem-5678	109	2			NOUN
dem-5678	110	1			INTJ
dem-5678	111	1	ki	ki	INTJ
dem-5678	111	2	ki	ki	PROPN
dem-5678	112	1	dw	dw	PROPN
dem-5678	112	2	ikik	ikik	PROPN
dem-5678	112	3	if0	if0	PROPN
dem-5678	112	4	,	,	PUNCT
dem-5678	112	5	if	if	SCONJ
dem-5678	112	6	,	,	PUNCT
dem-5678	112	7	1	1	NUM
dem-5678	112	8	(	(	PUNCT
dem-5678	112	9	8)	8)	NUM
dem-5678	112	10	then	then	ADV
dem-5678	112	11	,	,	PUNCT
dem-5678	112	12	as	as	ADP
dem-5678	112	13	a	a	DET
dem-5678	112	14	result	result	NOUN
dem-5678	112	15	of	of	ADP
dem-5678	112	16	row	row	NOUN
dem-5678	112	17	standardization	standardization	NOUN
dem-5678	112	18	to	to	ADP
dem-5678	112	19	one	one	NUM
dem-5678	112	20	,	,	PUNCT
dem-5678	112	21	the	the	DET
dem-5678	112	22	matrixes	matrix	NOUN
dem-5678	112	23	of	of	ADP
dem-5678	112	24	the	the	DET
dem-5678	112	25	connections	connection	NOUN
dem-5678	112	26	based	base	VERB
dem-5678	112	27	on	on	ADP
dem-5678	112	28	the	the	DET
dem-5678	112	29	physical	physical	ADJ
dem-5678	112	30	or	or	CCONJ
dem-5678	112	31	economic	economic	ADJ
dem-5678	112	32	distance	distance	NOUN
dem-5678	112	33	are	be	AUX
dem-5678	112	34	obtained	obtain	VERB
dem-5678	112	35	.	.	PUNCT
dem-5678	113	1	since	since	SCONJ
dem-5678	113	2	the	the	DET
dem-5678	113	3	models	model	NOUN
dem-5678	113	4	(	(	PUNCT
dem-5678	113	5	3)–(6	3)–(6	X
dem-5678	113	6	)	)	PUNCT
dem-5678	113	7	refer	refer	VERB
dem-5678	113	8	to	to	ADP
dem-5678	113	9	the	the	DET
dem-5678	113	10	pooled	pool	VERB
dem-5678	113	11	time	time	NOUN
dem-5678	113	12	series	series	NOUN
dem-5678	113	13	and	and	CCONJ
dem-5678	113	14	crosssectional	crosssectional	ADJ
dem-5678	113	15	data	datum	NOUN
dem-5678	113	16	,	,	PUNCT
dem-5678	113	17	the	the	DET
dem-5678	113	18	block	block	NOUN
dem-5678	113	19	matrixes	matrix	NOUN
dem-5678	113	20	of	of	ADP
dem-5678	113	21	connections	connection	NOUN
dem-5678	113	22	were	be	AUX
dem-5678	113	23	used	use	VERB
dem-5678	113	24	,	,	PUNCT
dem-5678	113	25	i.e.	i.e.	X
dem-5678	113	26	,	,	PUNCT
dem-5678	113	27	9	9	NUM
dem-5678	113	28	2	2	NUM
dem-5678	113	29	1	1	NUM
dem-5678	113	30			NOUN
dem-5678	113	31			PROPN
dem-5678	114	1			PROPN
dem-5678	114	2			PROPN
dem-5678	114	3			PROPN
dem-5678	114	4			X
dem-5678	114	5			NOUN
dem-5678	114	6			NOUN
dem-5678	114	7			NOUN
dem-5678	114	8			NOUN
dem-5678	114	9			NOUN
dem-5678	114	10			PROPN
dem-5678	114	11			PROPN
dem-5678	114	12	w00	w00	PROPN
dem-5678	114	13	0w0	0w0	NUM
dem-5678	114	14	00w	00w	PUNCT
dem-5678	115	1	w	w	NOUN
dem-5678	115	2			NOUN
dem-5678	115	3			NOUN
dem-5678	115	4			NOUN
dem-5678	115	5			NOUN
dem-5678	115	6	(	(	PUNCT
dem-5678	115	7	9	9	NUM
dem-5678	115	8	)	)	PUNCT
dem-5678	115	9	where	where	SCONJ
dem-5678	115	10	:	:	PUNCT
dem-5678	115	11	921	921	NUM
dem-5678	115	12	...	...	PUNCT
dem-5678	115	13	www	www	PROPN
dem-5678	115	14			NOUN
dem-5678	115	15	–	–	PUNCT
dem-5678	115	16	matrixes	matrix	NOUN
dem-5678	115	17	of	of	ADP
dem-5678	115	18	the	the	DET
dem-5678	115	19	spatial	spatial	ADJ
dem-5678	115	20	connections	connection	NOUN
dem-5678	115	21	based	base	VERB
dem-5678	115	22	on	on	ADP
dem-5678	115	23	the	the	DET
dem-5678	115	24	physical	physical	ADJ
dem-5678	115	25	distance	distance	NOUN
dem-5678	115	26	,	,	PUNCT
dem-5678	115	27	the	the	DET
dem-5678	115	28	same	same	ADJ
dem-5678	115	29	for	for	ADP
dem-5678	115	30	all	all	DET
dem-5678	115	31	the	the	DET
dem-5678	115	32	considered	considered	ADJ
dem-5678	115	33	years	year	NOUN
dem-5678	115	34	,	,	PUNCT
dem-5678	115	35	and	and	CCONJ
dem-5678	115	36	,	,	PUNCT
dem-5678	115	37	9	9	NUM
dem-5678	115	38	2	2	NUM
dem-5678	115	39	1	1	NUM
dem-5678	115	40			NOUN
dem-5678	115	41			PROPN
dem-5678	115	42			PUNCT
dem-5678	115	43			NOUN
dem-5678	115	44			PROPN
dem-5678	115	45			PROPN
dem-5678	115	46			X
dem-5678	115	47			NOUN
dem-5678	115	48			NOUN
dem-5678	115	49			NOUN
dem-5678	115	50			NOUN
dem-5678	115	51			NOUN
dem-5678	115	52			VERB
dem-5678	115	53			PROPN
dem-5678	115	54			PROPN
dem-5678	115	55			PROPN
dem-5678	116	1			PROPN
dem-5678	116	2			PROPN
dem-5678	116	3			PROPN
dem-5678	116	4	w00	w00	PROPN
dem-5678	116	5	0	0	PROPN
dem-5678	116	6	0w0	0w0	NUM
dem-5678	116	7	00w	00w	PUNCT
dem-5678	116	8	w	w	NOUN
dem-5678	116	9			NOUN
dem-5678	116	10			NOUN
dem-5678	116	11			NOUN
dem-5678	116	12			NOUN
dem-5678	116	13	(	(	PUNCT
dem-5678	116	14	10	10	NUM
dem-5678	116	15	)	)	PUNCT
dem-5678	117	1	where	where	SCONJ
dem-5678	117	2	:	:	PUNCT
dem-5678	117	3	921	921	NUM
dem-5678	117	4	...	...	SYM
dem-5678	117	5			NOUN
dem-5678	117	6			PROPN
dem-5678	117	7	www	www	NOUN
dem-5678	117	8	–	–	PUNCT
dem-5678	117	9	matrixes	matrix	NOUN
dem-5678	117	10	of	of	ADP
dem-5678	117	11	connections	connection	NOUN
dem-5678	117	12	,	,	PUNCT
dem-5678	117	13	taking	take	VERB
dem-5678	117	14	into	into	ADP
dem-5678	117	15	account	account	NOUN
dem-5678	117	16	the	the	DET
dem-5678	117	17	economic	economic	ADJ
dem-5678	117	18	distance	distance	NOUN
dem-5678	117	19	between	between	ADP
dem-5678	117	20	exchanges	exchange	NOUN
dem-5678	117	21	,	,	PUNCT
dem-5678	117	22	different	different	ADJ
dem-5678	117	23	for	for	ADP
dem-5678	117	24	successive	successive	ADJ
dem-5678	117	25	years	year	NOUN
dem-5678	117	26	.	.	PUNCT
dem-5678	118	1	the	the	DET
dem-5678	118	2	convergence	convergence	NOUN
dem-5678	118	3	of	of	ADP
dem-5678	118	4	the	the	DET
dem-5678	118	5	exchanges	exchange	NOUN
dem-5678	118	6	is	be	AUX
dem-5678	118	7	confirmed	confirm	VERB
dem-5678	118	8	by	by	ADP
dem-5678	118	9	the	the	DET
dem-5678	118	10	data	datum	NOUN
dem-5678	118	11	,	,	PUNCT
dem-5678	118	12	if	if	SCONJ
dem-5678	118	13	the	the	DET
dem-5678	118	14	parameter	parameter	NOUN
dem-5678	118	15	estimates	estimate	VERB
dem-5678	118	16	β	β	X
dem-5678	118	17	in	in	ADP
dem-5678	118	18	models	model	NOUN
dem-5678	118	19	(	(	PUNCT
dem-5678	118	20	3)–(6	3)–(6	X
dem-5678	118	21	)	)	PUNCT
dem-5678	118	22	are	be	AUX
dem-5678	118	23	negative	negative	ADJ
dem-5678	118	24	and	and	CCONJ
dem-5678	118	25	statistically	statistically	ADV
dem-5678	118	26	significant	significant	ADJ
dem-5678	118	27	.	.	PUNCT
dem-5678	119	1	in	in	ADP
dem-5678	119	2	addition	addition	NOUN
dem-5678	119	3	,	,	PUNCT
dem-5678	119	4	if	if	SCONJ
dem-5678	119	5	parameters	parameter	NOUN
dem-5678	119	6			ADP
dem-5678	119	7	in	in	ADP
dem-5678	119	8	models	model	NOUN
dem-5678	119	9	(	(	PUNCT
dem-5678	119	10	3	3	NUM
dem-5678	119	11	)	)	PUNCT
dem-5678	119	12	and	and	CCONJ
dem-5678	119	13	(	(	PUNCT
dem-5678	119	14	5	5	NUM
dem-5678	119	15	)	)	PUNCT
dem-5678	119	16	and	and	CCONJ
dem-5678	119	17	parameters	parameter	NOUN
dem-5678	119	18			VERB
dem-5678	119	19	in	in	ADP
dem-5678	119	20	models	model	NOUN
dem-5678	119	21	(	(	PUNCT
dem-5678	119	22	4	4	NUM
dem-5678	119	23	)	)	PUNCT
dem-5678	119	24	and	and	CCONJ
dem-5678	119	25	(	(	PUNCT
dem-5678	119	26	6	6	NUM
dem-5678	119	27	)	)	PUNCT
dem-5678	119	28	are	be	AUX
dem-5678	119	29	significantly	significantly	ADV
dem-5678	119	30	different	different	ADJ
dem-5678	119	31	from	from	ADP
dem-5678	119	32	zero	zero	NUM
dem-5678	119	33	,	,	PUNCT
dem-5678	119	34	then	then	ADV
dem-5678	119	35	in	in	ADP
dem-5678	119	36	the	the	DET
dem-5678	119	37	convergence	convergence	NOUN
dem-5678	119	38	process	process	NOUN
dem-5678	119	39	the	the	DET
dem-5678	119	40	spatial	spatial	ADJ
dem-5678	119	41	connections	connection	NOUN
dem-5678	119	42	among	among	ADP
dem-5678	119	43	stock	stock	NOUN
dem-5678	119	44	exchanges	exchange	NOUN
dem-5678	119	45	are	be	AUX
dem-5678	119	46	important	important	ADJ
dem-5678	119	47	and	and	CCONJ
dem-5678	119	48	the	the	DET
dem-5678	119	49	hypothesis	hypothesis	NOUN
dem-5678	119	50	that	that	PRON
dem-5678	119	51	the	the	DET
dem-5678	119	52	rate	rate	NOUN
dem-5678	119	53	of	of	ADP
dem-5678	119	54	growth	growth	NOUN
dem-5678	119	55	of	of	ADP
dem-5678	119	56	any	any	DET
dem-5678	119	57	stock	stock	NOUN
dem-5678	119	58	exchange	exchange	NOUN
dem-5678	119	59	is	be	AUX
dem-5678	119	60	related	relate	VERB
dem-5678	119	61	to	to	ADP
dem-5678	119	62	that	that	PRON
dem-5678	119	63	of	of	ADP
dem-5678	119	64	its	its	PRON
dem-5678	119	65	neighbors	neighbor	NOUN
dem-5678	119	66	is	be	AUX
dem-5678	119	67	confirmed	confirm	VERB
dem-5678	119	68	.	.	PUNCT
dem-5678	120	1	the	the	DET
dem-5678	120	2	inclusion	inclusion	NOUN
dem-5678	120	3	of	of	ADP
dem-5678	120	4	the	the	DET
dem-5678	120	5	spatial	spatial	ADJ
dem-5678	120	6	elements	element	NOUN
dem-5678	120	7	in	in	ADP
dem-5678	120	8	the	the	DET
dem-5678	120	9	analysis	analysis	NOUN
dem-5678	120	10	of	of	ADP
dem-5678	120	11	the	the	DET
dem-5678	120	12	convergence	convergence	NOUN
dem-5678	120	13	of	of	ADP
dem-5678	120	14	stock	stock	NOUN
dem-5678	120	15	exchanges	exchange	NOUN
dem-5678	120	16	allows	allow	VERB
dem-5678	120	17	us	we	PRON
dem-5678	120	18	to	to	PART
dem-5678	120	19	identify	identify	VERB
dem-5678	120	20	the	the	DET
dem-5678	120	21	relationships	relationship	NOUN
dem-5678	120	22	between	between	ADP
dem-5678	120	23	them	they	PRON
dem-5678	120	24	in	in	ADP
dem-5678	120	25	the	the	DET
dem-5678	120	26	significance	significance	NOUN
dem-5678	120	27	of	of	ADP
dem-5678	120	28	distance	distance	NOUN
dem-5678	120	29	between	between	ADP
dem-5678	120	30	stock	stock	NOUN
dem-5678	120	31	exchanges	exchange	NOUN
dem-5678	120	32	…	…	PUNCT
dem-5678	120	33	dynamic	dynamic	ADJ
dem-5678	120	34	econometric	econometric	ADJ
dem-5678	120	35	models	model	NOUN
dem-5678	120	36	14	14	NUM
dem-5678	120	37	(	(	PUNCT
dem-5678	120	38	2014	2014	NUM
dem-5678	120	39	)	)	PUNCT
dem-5678	120	40	125–144	125–144	NUM
dem-5678	120	41	133	133	NUM
dem-5678	120	42	a	a	DET
dem-5678	120	43	geographical	geographical	ADJ
dem-5678	120	44	and	and	CCONJ
dem-5678	120	45	economic	economic	ADJ
dem-5678	120	46	space	space	NOUN
dem-5678	120	47	.	.	PUNCT
dem-5678	121	1	furthermore	furthermore	ADV
dem-5678	121	2	,	,	PUNCT
dem-5678	121	3	the	the	DET
dem-5678	121	4	spatial	spatial	ADJ
dem-5678	121	5	models	model	NOUN
dem-5678	121	6	of	of	ADP
dem-5678	121	7	convergence	convergence	NOUN
dem-5678	121	8	have	have	VERB
dem-5678	121	9	better	well	ADJ
dem-5678	121	10	statistical	statistical	ADJ
dem-5678	121	11	properties	property	NOUN
dem-5678	121	12	,	,	PUNCT
dem-5678	121	13	and	and	CCONJ
dem-5678	121	14	thus	thus	ADV
dem-5678	121	15	allow	allow	VERB
dem-5678	121	16	for	for	ADP
dem-5678	121	17	wider	wide	ADJ
dem-5678	121	18	economic	economic	ADJ
dem-5678	121	19	interpretation	interpretation	NOUN
dem-5678	121	20	.	.	PUNCT
dem-5678	122	1	in	in	ADP
dem-5678	122	2	order	order	NOUN
dem-5678	122	3	to	to	PART
dem-5678	122	4	evaluate	evaluate	VERB
dem-5678	122	5	the	the	DET
dem-5678	122	6	quality	quality	NOUN
dem-5678	122	7	of	of	ADP
dem-5678	122	8	the	the	DET
dem-5678	122	9	empirical	empirical	ADJ
dem-5678	122	10	models	model	NOUN
dem-5678	122	11	in	in	ADP
dem-5678	122	12	the	the	DET
dem-5678	122	13	investigation	investigation	NOUN
dem-5678	122	14	,	,	PUNCT
dem-5678	122	15	the	the	DET
dem-5678	122	16	following	follow	VERB
dem-5678	122	17	tools	tool	NOUN
dem-5678	122	18	were	be	AUX
dem-5678	122	19	used	use	VERB
dem-5678	122	20	:	:	PUNCT
dem-5678	122	21	the	the	DET
dem-5678	122	22	moran	moran	PROPN
dem-5678	122	23	test	test	NOUN
dem-5678	122	24	for	for	ADP
dem-5678	122	25	verifying	verify	VERB
dem-5678	122	26	spatial	spatial	ADJ
dem-5678	122	27	independence	independence	NOUN
dem-5678	122	28	of	of	ADP
dem-5678	122	29	the	the	DET
dem-5678	122	30	residuals	residual	NOUN
dem-5678	122	31	,	,	PUNCT
dem-5678	122	32	the	the	DET
dem-5678	122	33	lagrange	lagrange	NOUN
dem-5678	122	34	multiplier	multipli	ADJ
dem-5678	122	35	tests	test	NOUN
dem-5678	122	36	(	(	PUNCT
dem-5678	122	37	lmlag	lmlag	NOUN
dem-5678	122	38	,	,	PUNCT
dem-5678	122	39	lmerr	lmerr	NOUN
dem-5678	122	40	)	)	PUNCT
dem-5678	122	41	and	and	CCONJ
dem-5678	122	42	their	their	PRON
dem-5678	122	43	robust	robust	ADJ
dem-5678	122	44	versions	version	NOUN
dem-5678	122	45	(	(	PUNCT
dem-5678	122	46	rlmlag	rlmlag	NOUN
dem-5678	122	47	,	,	PUNCT
dem-5678	122	48	rlmerr	rlmerr	NOUN
dem-5678	122	49	)	)	PUNCT
dem-5678	122	50	as	as	ADP
dem-5678	122	51	spatial	spatial	ADJ
dem-5678	122	52	dependence	dependence	NOUN
dem-5678	122	53	diagnostics	diagnostic	NOUN
dem-5678	122	54	,	,	PUNCT
dem-5678	122	55	the	the	DET
dem-5678	122	56	likelihood	likelihood	NOUN
dem-5678	122	57	ratio	ratio	NOUN
dem-5678	122	58	test	test	NOUN
dem-5678	122	59	(	(	PUNCT
dem-5678	122	60	lr	lr	NOUN
dem-5678	122	61	)	)	PUNCT
dem-5678	122	62	for	for	ADP
dem-5678	122	63	testing	test	VERB
dem-5678	122	64	the	the	DET
dem-5678	122	65	significance	significance	NOUN
dem-5678	122	66	of	of	ADP
dem-5678	122	67	the	the	DET
dem-5678	122	68	spatial	spatial	ADJ
dem-5678	122	69	dependence	dependence	NOUN
dem-5678	122	70	,	,	PUNCT
dem-5678	122	71	the	the	DET
dem-5678	122	72	breusch	breusch	VERB
dem-5678	122	73	-	-	PUNCT
dem-5678	122	74	pagan	pagan	ADJ
dem-5678	122	75	heteroskedasticity	heteroskedasticity	NOUN
dem-5678	122	76	test	test	NOUN
dem-5678	122	77	,	,	PUNCT
dem-5678	122	78	the	the	DET
dem-5678	122	79	chow	chow	PROPN
dem-5678	122	80	test	test	NOUN
dem-5678	122	81	for	for	ADP
dem-5678	122	82	verifying	verify	VERB
dem-5678	122	83	the	the	DET
dem-5678	122	84	need	need	NOUN
dem-5678	122	85	for	for	ADP
dem-5678	122	86	including	include	VERB
dem-5678	122	87	fixed	fix	VERB
dem-5678	122	88	effects	effect	NOUN
dem-5678	122	89	into	into	ADP
dem-5678	122	90	the	the	DET
dem-5678	122	91	spatial	spatial	ADJ
dem-5678	122	92	panel	panel	NOUN
dem-5678	122	93	models	model	NOUN
dem-5678	122	94	(	(	PUNCT
dem-5678	122	95	on	on	ADP
dem-5678	122	96	the	the	DET
dem-5678	122	97	tools	tool	NOUN
dem-5678	122	98	see	see	VERB
dem-5678	122	99	e.g.	e.g.	ADV
dem-5678	122	100	arbia	arbia	NOUN
dem-5678	122	101	,	,	PUNCT
dem-5678	122	102	2006	2006	NUM
dem-5678	122	103	;	;	PUNCT
dem-5678	122	104	millo	millo	PROPN
dem-5678	122	105	and	and	CCONJ
dem-5678	122	106	piras	pira	NOUN
dem-5678	122	107	,	,	PUNCT
dem-5678	122	108	2012	2012	NUM
dem-5678	122	109	;	;	PUNCT
dem-5678	122	110	mutl	mutl	NOUN
dem-5678	122	111	and	and	CCONJ
dem-5678	122	112	pfaffermayr	pfaffermayr	NOUN
dem-5678	122	113	,	,	PUNCT
dem-5678	122	114	2011	2011	NUM
dem-5678	122	115	;	;	PUNCT
dem-5678	122	116	baltagi	baltagi	NOUN
dem-5678	122	117	et	et	PROPN
dem-5678	122	118	al	al	PROPN
dem-5678	122	119	.	.	PROPN
dem-5678	122	120	,	,	PUNCT
dem-5678	122	121	2003	2003	NUM
dem-5678	122	122	;	;	PUNCT
dem-5678	122	123	suchecki	suchecki	NOUN
dem-5678	122	124	(	(	PUNCT
dem-5678	122	125	ed	ed	NOUN
dem-5678	122	126	.	.	PUNCT
dem-5678	122	127	)	)	PUNCT
dem-5678	122	128	,	,	PUNCT
dem-5678	122	129	2012	2012	NUM
dem-5678	122	130	)	)	PUNCT
dem-5678	122	131	.	.	PUNCT
dem-5678	123	1	all	all	DET
dem-5678	123	2	calculations	calculation	NOUN
dem-5678	123	3	were	be	AUX
dem-5678	123	4	performed	perform	VERB
dem-5678	123	5	with	with	ADP
dem-5678	123	6	r	r	NOUN
dem-5678	123	7	(	(	PUNCT
dem-5678	123	8	version	version	NOUN
dem-5678	123	9	3.0.1	3.0.1	NUM
dem-5678	123	10	)	)	PUNCT
dem-5678	123	11	and	and	CCONJ
dem-5678	123	12	the	the	DET
dem-5678	123	13	graphical	graphical	ADJ
dem-5678	123	14	illustrations	illustration	NOUN
dem-5678	123	15	–	–	PUNCT
dem-5678	123	16	with	with	ADP
dem-5678	123	17	the	the	DET
dem-5678	123	18	use	use	NOUN
dem-5678	123	19	of	of	ADP
dem-5678	123	20	mapviever	mapviever	NOUN
dem-5678	123	21	and	and	CCONJ
dem-5678	123	22	corel	corel	PROPN
dem-5678	123	23	.	.	PUNCT
dem-5678	124	1	3	3	X
dem-5678	124	2	.	.	X
dem-5678	124	3	preliminary	preliminary	ADJ
dem-5678	124	4	data	datum	NOUN
dem-5678	124	5	analysis	analysis	NOUN
dem-5678	124	6	figure	figure	NOUN
dem-5678	124	7	1	1	NUM
dem-5678	124	8	shows	show	VERB
dem-5678	124	9	locations	location	NOUN
dem-5678	124	10	of	of	ADP
dem-5678	124	11	investigated	investigate	VERB
dem-5678	124	12	exchanges	exchange	NOUN
dem-5678	124	13	on	on	ADP
dem-5678	124	14	the	the	DET
dem-5678	124	15	world	world	NOUN
dem-5678	124	16	map	map	NOUN
dem-5678	124	17	and	and	CCONJ
dem-5678	124	18	bar	bar	NOUN
dem-5678	124	19	charts	chart	NOUN
dem-5678	124	20	of	of	ADP
dem-5678	124	21	taxonomic	taxonomic	ADJ
dem-5678	124	22	measure	measure	NOUN
dem-5678	124	23	of	of	ADP
dem-5678	124	24	development	development	NOUN
dem-5678	124	25	(	(	PUNCT
dem-5678	124	26	tmd	tmd	NOUN
dem-5678	124	27	)	)	PUNCT
dem-5678	124	28	in	in	ADP
dem-5678	124	29	the	the	DET
dem-5678	124	30	years	year	NOUN
dem-5678	124	31	2004–2012	2004–2012	NUM
dem-5678	124	32	.	.	PUNCT
dem-5678	125	1	this	this	DET
dem-5678	125	2	presentation	presentation	NOUN
dem-5678	125	3	allows	allow	VERB
dem-5678	125	4	us	we	PRON
dem-5678	125	5	to	to	PART
dem-5678	125	6	observe	observe	VERB
dem-5678	125	7	changes	change	NOUN
dem-5678	125	8	in	in	ADP
dem-5678	125	9	the	the	DET
dem-5678	125	10	level	level	NOUN
dem-5678	125	11	of	of	ADP
dem-5678	125	12	development	development	NOUN
dem-5678	125	13	of	of	ADP
dem-5678	125	14	the	the	DET
dem-5678	125	15	individual	individual	ADJ
dem-5678	125	16	stock	stock	NOUN
dem-5678	125	17	exchanges	exchange	NOUN
dem-5678	125	18	and	and	CCONJ
dem-5678	125	19	a	a	DET
dem-5678	125	20	comparison	comparison	NOUN
dem-5678	125	21	of	of	ADP
dem-5678	125	22	the	the	DET
dem-5678	125	23	dynamics	dynamic	NOUN
dem-5678	125	24	of	of	ADP
dem-5678	125	25	change	change	NOUN
dem-5678	125	26	in	in	ADP
dem-5678	125	27	the	the	DET
dem-5678	125	28	arrangement	arrangement	NOUN
dem-5678	125	29	of	of	ADP
dem-5678	125	30	their	their	PRON
dem-5678	125	31	spatial	spatial	ADJ
dem-5678	125	32	location	location	NOUN
dem-5678	125	33	as	as	ADV
dem-5678	125	34	well	well	ADV
dem-5678	125	35	.	.	PUNCT
dem-5678	126	1	it	it	PRON
dem-5678	126	2	is	be	AUX
dem-5678	126	3	interesting	interesting	ADJ
dem-5678	126	4	that	that	SCONJ
dem-5678	126	5	some	some	PRON
dem-5678	126	6	of	of	ADP
dem-5678	126	7	the	the	DET
dem-5678	126	8	asian	asian	ADJ
dem-5678	126	9	trading	trading	NOUN
dem-5678	126	10	floors	floor	NOUN
dem-5678	126	11	,	,	PUNCT
dem-5678	126	12	e.g.	e.g.	ADV
dem-5678	126	13	ose	ose	NOUN
dem-5678	126	14	,	,	PUNCT
dem-5678	126	15	szse	szse	NOUN
dem-5678	126	16	,	,	PUNCT
dem-5678	126	17	krx	krx	PROPN
dem-5678	126	18	,	,	PUNCT
dem-5678	126	19	pse	pse	NOUN
dem-5678	126	20	,	,	PUNCT
dem-5678	126	21	did	do	AUX
dem-5678	126	22	not	not	PART
dem-5678	126	23	record	record	VERB
dem-5678	126	24	any	any	DET
dem-5678	126	25	decrease	decrease	NOUN
dem-5678	126	26	in	in	ADP
dem-5678	126	27	the	the	DET
dem-5678	126	28	value	value	NOUN
dem-5678	126	29	of	of	ADP
dem-5678	126	30	taxonomic	taxonomic	ADJ
dem-5678	126	31	measure	measure	NOUN
dem-5678	126	32	of	of	ADP
dem-5678	126	33	development	development	NOUN
dem-5678	126	34	after	after	ADP
dem-5678	126	35	the	the	DET
dem-5678	126	36	beginning	beginning	NOUN
dem-5678	126	37	of	of	ADP
dem-5678	126	38	the	the	DET
dem-5678	126	39	financial	financial	ADJ
dem-5678	126	40	crisis	crisis	NOUN
dem-5678	126	41	in	in	ADP
dem-5678	126	42	2007	2007	NUM
dem-5678	126	43	.	.	PUNCT
dem-5678	127	1	in	in	ADP
dem-5678	127	2	the	the	DET
dem-5678	127	3	worst	bad	ADJ
dem-5678	127	4	case	case	NOUN
dem-5678	127	5	,	,	PUNCT
dem-5678	127	6	these	these	DET
dem-5678	127	7	stock	stock	NOUN
dem-5678	127	8	exchanges	exchange	NOUN
dem-5678	127	9	reacted	react	VERB
dem-5678	127	10	with	with	ADP
dem-5678	127	11	slowdown	slowdown	NOUN
dem-5678	127	12	or	or	CCONJ
dem-5678	127	13	stagnation	stagnation	NOUN
dem-5678	127	14	of	of	ADP
dem-5678	127	15	growth	growth	NOUN
dem-5678	127	16	.	.	PUNCT
dem-5678	128	1	obviously	obviously	ADV
dem-5678	128	2	,	,	PUNCT
dem-5678	128	3	the	the	DET
dem-5678	128	4	beginning	beginning	NOUN
dem-5678	128	5	of	of	ADP
dem-5678	128	6	a	a	DET
dem-5678	128	7	crisis	crisis	NOUN
dem-5678	128	8	has	have	AUX
dem-5678	128	9	caused	cause	VERB
dem-5678	128	10	a	a	DET
dem-5678	128	11	decline	decline	NOUN
dem-5678	128	12	in	in	ADP
dem-5678	128	13	the	the	DET
dem-5678	128	14	us	us	PROPN
dem-5678	128	15	stock	stock	NOUN
dem-5678	128	16	exchanges	exchange	NOUN
dem-5678	128	17	but	but	CCONJ
dem-5678	128	18	also	also	ADV
dem-5678	128	19	stimulated	stimulate	VERB
dem-5678	128	20	the	the	DET
dem-5678	128	21	process	process	NOUN
dem-5678	128	22	of	of	ADP
dem-5678	128	23	making	make	VERB
dem-5678	128	24	up	up	ADP
dem-5678	128	25	the	the	DET
dem-5678	128	26	development	development	NOUN
dem-5678	128	27	imbalance	imbalance	NOUN
dem-5678	128	28	between	between	ADP
dem-5678	128	29	emerging	emerge	VERB
dem-5678	128	30	and	and	CCONJ
dem-5678	128	31	well	well	ADV
dem-5678	128	32	-	-	PUNCT
dem-5678	128	33	developed	develop	VERB
dem-5678	128	34	markets	market	NOUN
dem-5678	128	35	.	.	PUNCT
dem-5678	129	1	interestingly	interestingly	ADV
dem-5678	129	2	,	,	PUNCT
dem-5678	129	3	the	the	DET
dem-5678	129	4	same	same	ADJ
dem-5678	129	5	exchanges	exchange	NOUN
dem-5678	129	6	,	,	PUNCT
dem-5678	129	7	for	for	ADP
dem-5678	129	8	which	which	PRON
dem-5678	129	9	synthetic	synthetic	ADJ
dem-5678	129	10	variable	variable	NOUN
dem-5678	129	11	already	already	ADV
dem-5678	129	12	showed	show	VERB
dem-5678	129	13	lower	low	ADJ
dem-5678	129	14	values	value	NOUN
dem-5678	129	15	in	in	ADP
dem-5678	129	16	2008	2008	NUM
dem-5678	129	17	(	(	PUNCT
dem-5678	129	18	nomx	nomx	PROPN
dem-5678	129	19	,	,	PUNCT
dem-5678	129	20	se	se	ADV
dem-5678	129	21	,	,	PUNCT
dem-5678	129	22	shse	shse	PROPN
dem-5678	129	23	,	,	PUNCT
dem-5678	129	24	bm	bm	PROPN
dem-5678	129	25	)	)	PUNCT
dem-5678	129	26	,	,	PUNCT
dem-5678	129	27	recorded	record	VERB
dem-5678	129	28	an	an	DET
dem-5678	129	29	increase	increase	NOUN
dem-5678	129	30	in	in	ADP
dem-5678	129	31	the	the	DET
dem-5678	129	32	value	value	NOUN
dem-5678	129	33	of	of	ADP
dem-5678	129	34	this	this	DET
dem-5678	129	35	variable	variable	NOUN
dem-5678	129	36	the	the	DET
dem-5678	129	37	following	following	ADJ
dem-5678	129	38	year	year	NOUN
dem-5678	129	39	(	(	PUNCT
dem-5678	129	40	as	as	SCONJ
dem-5678	129	41	opposed	oppose	VERB
dem-5678	129	42	to	to	ADP
dem-5678	129	43	all	all	DET
dem-5678	129	44	other	other	ADJ
dem-5678	129	45	stock	stock	NOUN
dem-5678	129	46	exchanges	exchange	NOUN
dem-5678	129	47	)	)	PUNCT
dem-5678	129	48	.	.	PUNCT
dem-5678	130	1	elżbieta	elżbieta	PROPN
dem-5678	130	2	szulc	szulc	PROPN
dem-5678	130	3	,	,	PUNCT
dem-5678	130	4	dagna	dagna	VERB
dem-5678	130	5	wleklińska	wleklińska	NOUN
dem-5678	130	6	,	,	PUNCT
dem-5678	130	7	karolina	karolina	PROPN
dem-5678	130	8	górna	górna	PROPN
dem-5678	130	9	,	,	PUNCT
dem-5678	130	10	joanna	joanna	PROPN
dem-5678	130	11	górna	górna	PROPN
dem-5678	130	12	dynamic	dynamic	ADJ
dem-5678	130	13	econometric	econometric	ADJ
dem-5678	130	14	models	model	NOUN
dem-5678	130	15	14	14	NUM
dem-5678	130	16	(	(	PUNCT
dem-5678	130	17	2014	2014	NUM
dem-5678	130	18	)	)	PUNCT
dem-5678	130	19	125–144	125–144	NUM
dem-5678	130	20	134	134	NUM
dem-5678	130	21	figure	figure	NOUN
dem-5678	130	22	1	1	NUM
dem-5678	130	23	.	.	PUNCT
dem-5678	130	24	bar	bar	NOUN
dem-5678	130	25	charts	chart	NOUN
dem-5678	130	26	of	of	ADP
dem-5678	130	27	tmd	tmd	NOUN
dem-5678	130	28	for	for	ADP
dem-5678	130	29	the	the	DET
dem-5678	130	30	investigated	investigate	VERB
dem-5678	130	31	stock	stock	NOUN
dem-5678	130	32	exchanges	exchange	NOUN
dem-5678	130	33	in	in	ADP
dem-5678	130	34	the	the	DET
dem-5678	130	35	years	year	NOUN
dem-5678	130	36	2004–2012	2004–2012	NUM
dem-5678	130	37	figures	figure	NOUN
dem-5678	130	38	2	2	NUM
dem-5678	130	39	and	and	CCONJ
dem-5678	130	40	3	3	NUM
dem-5678	130	41	show	show	VERB
dem-5678	130	42	the	the	DET
dem-5678	130	43	value	value	NOUN
dem-5678	130	44	of	of	ADP
dem-5678	130	45	taxonomic	taxonomic	ADJ
dem-5678	130	46	measure	measure	NOUN
dem-5678	130	47	of	of	ADP
dem-5678	130	48	development	development	NOUN
dem-5678	130	49	(	(	PUNCT
dem-5678	130	50	surface	surface	NOUN
dem-5678	130	51	of	of	ADP
dem-5678	130	52	the	the	DET
dem-5678	130	53	wheel	wheel	NOUN
dem-5678	130	54	)	)	PUNCT
dem-5678	130	55	for	for	ADP
dem-5678	130	56	each	each	DET
dem-5678	130	57	stock	stock	NOUN
dem-5678	130	58	exchange	exchange	NOUN
dem-5678	130	59	included	include	VERB
dem-5678	130	60	in	in	ADP
dem-5678	130	61	the	the	DET
dem-5678	130	62	study	study	NOUN
dem-5678	130	63	for	for	ADP
dem-5678	130	64	2004	2004	NUM
dem-5678	130	65	and	and	CCONJ
dem-5678	130	66	2012	2012	NUM
dem-5678	130	67	respectively	respectively	ADV
dem-5678	130	68	.	.	PUNCT
dem-5678	131	1	this	this	DET
dem-5678	131	2	graphical	graphical	ADJ
dem-5678	131	3	presentation	presentation	NOUN
dem-5678	131	4	is	be	AUX
dem-5678	131	5	useful	useful	ADJ
dem-5678	131	6	for	for	ADP
dem-5678	131	7	a	a	DET
dem-5678	131	8	preliminary	preliminary	ADJ
dem-5678	131	9	assessment	assessment	NOUN
dem-5678	131	10	of	of	ADP
dem-5678	131	11	changes	change	NOUN
dem-5678	131	12	in	in	ADP
dem-5678	131	13	the	the	DET
dem-5678	131	14	global	global	ADJ
dem-5678	131	15	capital	capital	NOUN
dem-5678	131	16	market	market	NOUN
dem-5678	131	17	over	over	ADP
dem-5678	131	18	the	the	DET
dem-5678	131	19	considered	consider	VERB
dem-5678	131	20	period	period	NOUN
dem-5678	131	21	.	.	PUNCT
dem-5678	132	1	in	in	ADP
dem-5678	132	2	2004	2004	NUM
dem-5678	132	3	,	,	PUNCT
dem-5678	132	4	two	two	NUM
dem-5678	132	5	dominant	dominant	ADJ
dem-5678	132	6	financial	financial	ADJ
dem-5678	132	7	centers	center	NOUN
dem-5678	132	8	are	be	AUX
dem-5678	132	9	clearly	clearly	ADV
dem-5678	132	10	visible	visible	ADJ
dem-5678	132	11	.	.	PUNCT
dem-5678	133	1	in	in	ADP
dem-5678	133	2	the	the	DET
dem-5678	133	3	west	west	NOUN
dem-5678	133	4	,	,	PUNCT
dem-5678	133	5	it	it	PRON
dem-5678	133	6	is	be	AUX
dem-5678	133	7	nyse	nyse	PROPN
dem-5678	133	8	and	and	CCONJ
dem-5678	133	9	nasdaq	nasdaq	PROPN
dem-5678	133	10	,	,	PUNCT
dem-5678	133	11	while	while	SCONJ
dem-5678	133	12	in	in	ADP
dem-5678	133	13	central	central	PROPN
dem-5678	133	14	europe	europe	PROPN
dem-5678	133	15	,	,	PUNCT
dem-5678	133	16	the	the	DET
dem-5678	133	17	london	london	PROPN
dem-5678	133	18	stock	stock	NOUN
dem-5678	133	19	exchange	exchange	PROPN
dem-5678	133	20	and	and	CCONJ
dem-5678	133	21	nyse	nyse	PROPN
dem-5678	133	22	euronext	euronext	PROPN
dem-5678	133	23	europe	europe	PROPN
dem-5678	133	24	stand	stand	VERB
dem-5678	133	25	out	out	ADP
dem-5678	133	26	in	in	ADP
dem-5678	133	27	particular	particular	ADJ
dem-5678	133	28	.	.	PUNCT
dem-5678	134	1	the	the	DET
dem-5678	134	2	reason	reason	NOUN
dem-5678	134	3	for	for	ADP
dem-5678	134	4	achieving	achieve	VERB
dem-5678	134	5	such	such	ADJ
dem-5678	134	6	good	good	ADJ
dem-5678	134	7	results	result	NOUN
dem-5678	134	8	by	by	ADP
dem-5678	134	9	the	the	DET
dem-5678	134	10	latter	latter	NOUN
dem-5678	134	11	is	be	AUX
dem-5678	134	12	certainly	certainly	ADV
dem-5678	134	13	the	the	DET
dem-5678	134	14	fact	fact	NOUN
dem-5678	134	15	that	that	SCONJ
dem-5678	134	16	nyse	nyse	PROPN
dem-5678	134	17	euronext	euronext	PROPN
dem-5678	134	18	europe	europe	PROPN
dem-5678	134	19	is	be	AUX
dem-5678	134	20	an	an	DET
dem-5678	134	21	example	example	NOUN
dem-5678	134	22	of	of	ADP
dem-5678	134	23	a	a	DET
dem-5678	134	24	trading	trading	NOUN
dem-5678	134	25	platform	platform	NOUN
dem-5678	134	26	created	create	VERB
dem-5678	134	27	by	by	ADP
dem-5678	134	28	the	the	DET
dem-5678	134	29	consolidation	consolidation	NOUN
dem-5678	134	30	of	of	ADP
dem-5678	134	31	the	the	DET
dem-5678	134	32	stock	stock	NOUN
dem-5678	134	33	exchanges	exchange	NOUN
dem-5678	134	34	of	of	ADP
dem-5678	134	35	paris	paris	PROPN
dem-5678	134	36	,	,	PUNCT
dem-5678	134	37	amsterdam	amsterdam	PROPN
dem-5678	134	38	,	,	PUNCT
dem-5678	134	39	brussels	brussels	PROPN
dem-5678	134	40	and	and	CCONJ
dem-5678	134	41	lisbon	lisbon	PROPN
dem-5678	134	42	.	.	PUNCT
dem-5678	135	1	against	against	ADP
dem-5678	135	2	the	the	DET
dem-5678	135	3	background	background	NOUN
dem-5678	135	4	the	the	DET
dem-5678	135	5	tokyo	tokyo	PROPN
dem-5678	135	6	stock	stock	NOUN
dem-5678	135	7	exchange	exchange	NOUN
dem-5678	135	8	stands	stand	VERB
dem-5678	135	9	out	out	ADP
dem-5678	135	10	of	of	ADP
dem-5678	135	11	the	the	DET
dem-5678	135	12	asian	asian	ADJ
dem-5678	135	13	stock	stock	NOUN
dem-5678	135	14	exchanges	exchange	NOUN
dem-5678	135	15	in	in	ADP
dem-5678	135	16	2004	2004	NUM
dem-5678	135	17	.	.	PUNCT
dem-5678	136	1	in	in	ADP
dem-5678	136	2	2012	2012	NUM
dem-5678	136	3	,	,	PUNCT
dem-5678	136	4	by	by	ADP
dem-5678	136	5	contrast	contrast	NOUN
dem-5678	136	6	,	,	PUNCT
dem-5678	136	7	a	a	DET
dem-5678	136	8	slight	slight	ADJ
dem-5678	136	9	strengthening	strengthening	NOUN
dem-5678	136	10	of	of	ADP
dem-5678	136	11	the	the	DET
dem-5678	136	12	position	position	NOUN
dem-5678	136	13	of	of	ADP
dem-5678	136	14	the	the	DET
dem-5678	136	15	two	two	NUM
dem-5678	136	16	largest	large	ADJ
dem-5678	136	17	us	us	PROPN
dem-5678	136	18	stock	stock	NOUN
dem-5678	136	19	exchanges	exchange	NOUN
dem-5678	136	20	:	:	PUNCT
dem-5678	136	21	nyse	nyse	PROPN
dem-5678	136	22	and	and	CCONJ
dem-5678	136	23	nasdaq	nasdaq	PROPN
dem-5678	136	24	may	may	AUX
dem-5678	136	25	be	be	AUX
dem-5678	136	26	observed	observe	VERB
dem-5678	136	27	.	.	PUNCT
dem-5678	137	1	however	however	ADV
dem-5678	137	2	,	,	PUNCT
dem-5678	137	3	the	the	DET
dem-5678	137	4	most	most	ADV
dem-5678	137	5	spectacular	spectacular	ADJ
dem-5678	137	6	changes	change	NOUN
dem-5678	137	7	can	can	AUX
dem-5678	137	8	be	be	AUX
dem-5678	137	9	seen	see	VERB
dem-5678	137	10	in	in	ADP
dem-5678	137	11	the	the	DET
dem-5678	137	12	case	case	NOUN
dem-5678	137	13	of	of	ADP
dem-5678	137	14	the	the	DET
dem-5678	137	15	nomx	nomx	ADJ
dem-5678	137	16	central	central	ADJ
dem-5678	137	17	european	european	ADJ
dem-5678	137	18	stock	stock	PROPN
dem-5678	137	19	exchange	exchange	PROPN
dem-5678	137	20	.	.	PUNCT
dem-5678	138	1	comparing	compare	VERB
dem-5678	138	2	figures	figure	NOUN
dem-5678	138	3	2	2	NUM
dem-5678	138	4	and	and	CCONJ
dem-5678	138	5	3	3	NUM
dem-5678	138	6	allows	allow	VERB
dem-5678	138	7	to	to	PART
dem-5678	138	8	observe	observe	VERB
dem-5678	138	9	that	that	SCONJ
dem-5678	138	10	the	the	DET
dem-5678	138	11	asian	asian	ADJ
dem-5678	138	12	stock	stock	NOUN
dem-5678	138	13	markets	market	NOUN
dem-5678	138	14	have	have	AUX
dem-5678	138	15	strengthened	strengthen	VERB
dem-5678	138	16	themselves	themselves	PRON
dem-5678	138	17	at	at	ADP
dem-5678	138	18	the	the	DET
dem-5678	138	19	expense	expense	NOUN
dem-5678	138	20	of	of	ADP
dem-5678	138	21	the	the	DET
dem-5678	138	22	us	us	PROPN
dem-5678	138	23	and	and	CCONJ
dem-5678	138	24	european	european	ADJ
dem-5678	138	25	stock	stock	NOUN
dem-5678	138	26	exchanges	exchange	NOUN
dem-5678	138	27	within	within	ADP
dem-5678	138	28	the	the	DET
dem-5678	138	29	nine	nine	NUM
dem-5678	138	30	years	year	NOUN
dem-5678	138	31	of	of	ADP
dem-5678	138	32	the	the	DET
dem-5678	138	33	research	research	NOUN
dem-5678	138	34	period	period	NOUN
dem-5678	138	35	.	.	PUNCT
dem-5678	139	1	asia	asia	PROPN
dem-5678	139	2	is	be	AUX
dem-5678	139	3	currently	currently	ADV
dem-5678	139	4	the	the	DET
dem-5678	139	5	largest	large	ADJ
dem-5678	139	6	region	region	NOUN
dem-5678	139	7	of	of	ADP
dem-5678	139	8	emerging	emerge	VERB
dem-5678	139	9	markets	market	NOUN
dem-5678	139	10	in	in	ADP
dem-5678	139	11	the	the	DET
dem-5678	139	12	world	world	NOUN
dem-5678	139	13	and	and	CCONJ
dem-5678	139	14	is	be	AUX
dem-5678	139	15	a	a	DET
dem-5678	139	16	cradle	cradle	NOUN
dem-5678	139	17	of	of	ADP
dem-5678	139	18	the	the	DET
dem-5678	139	19	fastest	fast	ADV
dem-5678	139	20	-	-	PUNCT
dem-5678	139	21	growing	grow	VERB
dem-5678	139	22	economies	economy	NOUN
dem-5678	139	23	.	.	PUNCT
dem-5678	140	1	the	the	DET
dem-5678	140	2	advantage	advantage	NOUN
dem-5678	140	3	of	of	ADP
dem-5678	140	4	these	these	DET
dem-5678	140	5	markets	market	NOUN
dem-5678	140	6	arises	arise	VERB
dem-5678	140	7	not	not	PART
dem-5678	140	8	only	only	ADV
dem-5678	140	9	from	from	ADP
dem-5678	140	10	the	the	DET
dem-5678	140	11	fact	fact	NOUN
dem-5678	140	12	that	that	SCONJ
dem-5678	140	13	this	this	DET
dem-5678	140	14	area	area	NOUN
dem-5678	140	15	is	be	AUX
dem-5678	140	16	inhabited	inhabit	VERB
dem-5678	140	17	by	by	ADP
dem-5678	140	18	more	more	ADJ
dem-5678	140	19	than	than	ADP
dem-5678	140	20	60	60	NUM
dem-5678	140	21	percent	percent	NOUN
dem-5678	140	22	of	of	ADP
dem-5678	140	23	the	the	DET
dem-5678	140	24	world	world	NOUN
dem-5678	140	25	's	's	PART
dem-5678	140	26	population	population	NOUN
dem-5678	140	27	,	,	PUNCT
dem-5678	140	28	but	but	CCONJ
dem-5678	140	29	also	also	ADV
dem-5678	140	30	from	from	ADP
dem-5678	140	31	the	the	DET
dem-5678	140	32	reasonable	reasonable	ADJ
dem-5678	140	33	,	,	PUNCT
dem-5678	140	34	in	in	ADP
dem-5678	140	35	comparison	comparison	NOUN
dem-5678	140	36	to	to	ADP
dem-5678	140	37	other	other	ADJ
dem-5678	140	38	countries	country	NOUN
dem-5678	140	39	,	,	PUNCT
dem-5678	140	40	fiscal	fiscal	ADJ
dem-5678	140	41	and	and	CCONJ
dem-5678	140	42	monetary	monetary	ADJ
dem-5678	140	43	policy	policy	NOUN
dem-5678	140	44	.	.	PUNCT
dem-5678	141	1	economic	economic	ADJ
dem-5678	141	2	liberalization	liberalization	NOUN
dem-5678	141	3	and	and	CCONJ
dem-5678	141	4	increasing	increase	VERB
dem-5678	141	5	competitiveness	competitiveness	NOUN
dem-5678	141	6	of	of	ADP
dem-5678	141	7	these	these	DET
dem-5678	141	8	markets	market	NOUN
dem-5678	141	9	still	still	ADV
dem-5678	141	10	attracts	attract	VERB
dem-5678	141	11	many	many	ADJ
dem-5678	141	12	foreign	foreign	ADJ
dem-5678	141	13	investors	investor	NOUN
dem-5678	141	14	.	.	PUNCT
dem-5678	142	1	the	the	DET
dem-5678	142	2	significance	significance	NOUN
dem-5678	142	3	of	of	ADP
dem-5678	142	4	distance	distance	NOUN
dem-5678	142	5	between	between	ADP
dem-5678	142	6	stock	stock	NOUN
dem-5678	142	7	exchanges	exchange	NOUN
dem-5678	142	8	…	…	PUNCT
dem-5678	142	9	dynamic	dynamic	ADJ
dem-5678	142	10	econometric	econometric	ADJ
dem-5678	142	11	models	model	NOUN
dem-5678	142	12	14	14	NUM
dem-5678	142	13	(	(	PUNCT
dem-5678	142	14	2014	2014	NUM
dem-5678	142	15	)	)	PUNCT
dem-5678	142	16	125–144	125–144	NUM
dem-5678	142	17	135	135	NUM
dem-5678	142	18	figure	figure	NOUN
dem-5678	142	19	2	2	NUM
dem-5678	142	20	.	.	PUNCT
dem-5678	143	1	the	the	DET
dem-5678	143	2	taxonomic	taxonomic	ADJ
dem-5678	143	3	measure	measure	NOUN
dem-5678	143	4	of	of	ADP
dem-5678	143	5	stock	stock	NOUN
dem-5678	143	6	exchanges	exchange	NOUN
dem-5678	143	7	’	’	PART
dem-5678	143	8	development	development	NOUN
dem-5678	143	9	in	in	ADP
dem-5678	143	10	2004	2004	NUM
dem-5678	143	11	figure	figure	NOUN
dem-5678	143	12	3	3	NUM
dem-5678	143	13	.	.	PUNCT
dem-5678	144	1	the	the	DET
dem-5678	144	2	taxonomic	taxonomic	ADJ
dem-5678	144	3	measure	measure	NOUN
dem-5678	144	4	of	of	ADP
dem-5678	144	5	stock	stock	NOUN
dem-5678	144	6	exchanges	exchange	NOUN
dem-5678	144	7	’	’	PART
dem-5678	144	8	development	development	NOUN
dem-5678	144	9	in	in	ADP
dem-5678	144	10	2012	2012	NUM
dem-5678	144	11	for	for	ADP
dem-5678	144	12	the	the	DET
dem-5678	144	13	purpose	purpose	NOUN
dem-5678	144	14	of	of	ADP
dem-5678	144	15	a	a	DET
dem-5678	144	16	preliminary	preliminary	ADJ
dem-5678	144	17	assessment	assessment	NOUN
dem-5678	144	18	of	of	ADP
dem-5678	144	19	the	the	DET
dem-5678	144	20	relationship	relationship	NOUN
dem-5678	144	21	between	between	ADP
dem-5678	144	22	analyzed	analyze	VERB
dem-5678	144	23	stock	stock	NOUN
dem-5678	144	24	markets	market	NOUN
dem-5678	144	25	in	in	ADP
dem-5678	144	26	the	the	DET
dem-5678	144	27	context	context	NOUN
dem-5678	144	28	of	of	ADP
dem-5678	144	29	physical	physical	ADJ
dem-5678	144	30	distance	distance	NOUN
dem-5678	144	31	,	,	PUNCT
dem-5678	144	32	for	for	ADP
dem-5678	144	33	all	all	DET
dem-5678	144	34	pairs	pair	NOUN
dem-5678	144	35	of	of	ADP
dem-5678	144	36	stock	stock	NOUN
dem-5678	144	37	exchanges	exchange	NOUN
dem-5678	144	38	the	the	DET
dem-5678	144	39	values	value	NOUN
dem-5678	144	40	of	of	ADP
dem-5678	144	41	pearson	pearson	PROPN
dem-5678	144	42	correlation	correlation	NOUN
dem-5678	144	43	coefficient	coefficient	NOUN
dem-5678	144	44	for	for	ADP
dem-5678	144	45	the	the	DET
dem-5678	144	46	tdm	tdm	NOUN
dem-5678	144	47	in	in	ADP
dem-5678	144	48	the	the	DET
dem-5678	144	49	period	period	NOUN
dem-5678	144	50	of	of	ADP
dem-5678	144	51	2004–2012	2004–2012	NUM
dem-5678	144	52	were	be	AUX
dem-5678	144	53	calculated	calculate	VERB
dem-5678	144	54	.	.	PUNCT
dem-5678	145	1	figure	figure	NOUN
dem-5678	145	2	4	4	NUM
dem-5678	145	3	is	be	AUX
dem-5678	145	4	a	a	DET
dem-5678	145	5	graphic	graphic	ADJ
dem-5678	145	6	illustration	illustration	NOUN
dem-5678	145	7	of	of	ADP
dem-5678	145	8	the	the	DET
dem-5678	145	9	relationships	relationship	NOUN
dem-5678	145	10	,	,	PUNCT
dem-5678	145	11	for	for	ADP
dem-5678	145	12	which	which	PRON
dem-5678	145	13	the	the	DET
dem-5678	145	14	values	value	NOUN
dem-5678	145	15	of	of	ADP
dem-5678	145	16	the	the	DET
dem-5678	145	17	correlation	correlation	NOUN
dem-5678	145	18	coefficient	coefficient	NOUN
dem-5678	145	19	are	be	AUX
dem-5678	145	20	greater	great	ADJ
dem-5678	145	21	than	than	ADP
dem-5678	145	22	0.9	0.9	NUM
dem-5678	145	23	.	.	PUNCT
dem-5678	146	1	it	it	PRON
dem-5678	146	2	may	may	AUX
dem-5678	146	3	be	be	AUX
dem-5678	146	4	noticed	notice	VERB
dem-5678	146	5	that	that	SCONJ
dem-5678	146	6	most	most	ADJ
dem-5678	146	7	of	of	ADP
dem-5678	146	8	these	these	DET
dem-5678	146	9	connections	connection	NOUN
dem-5678	146	10	are	be	AUX
dem-5678	146	11	located	locate	VERB
dem-5678	146	12	on	on	ADP
dem-5678	146	13	the	the	DET
dem-5678	146	14	old	old	ADJ
dem-5678	146	15	continent	continent	NOUN
dem-5678	146	16	.	.	PUNCT
dem-5678	147	1	on	on	ADP
dem-5678	147	2	one	one	NUM
dem-5678	147	3	hand	hand	NOUN
dem-5678	147	4	,	,	PUNCT
dem-5678	147	5	it	it	PRON
dem-5678	147	6	demonstrates	demonstrate	VERB
dem-5678	147	7	a	a	DET
dem-5678	147	8	high	high	ADJ
dem-5678	147	9	integration	integration	NOUN
dem-5678	147	10	of	of	ADP
dem-5678	147	11	european	european	ADJ
dem-5678	147	12	stock	stock	NOUN
dem-5678	147	13	exchanges	exchange	NOUN
dem-5678	147	14	but	but	CCONJ
dem-5678	147	15	also	also	ADV
dem-5678	147	16	carries	carry	VERB
dem-5678	147	17	the	the	DET
dem-5678	147	18	risk	risk	NOUN
dem-5678	147	19	of	of	ADP
dem-5678	147	20	transmitting	transmit	VERB
dem-5678	147	21	negative	negative	ADJ
dem-5678	147	22	pulses	pulse	NOUN
dem-5678	147	23	occurring	occur	VERB
dem-5678	147	24	within	within	ADP
dem-5678	147	25	a	a	DET
dem-5678	147	26	trading	trading	NOUN
dem-5678	147	27	floor	floor	NOUN
dem-5678	147	28	,	,	PUNCT
dem-5678	147	29	for	for	ADP
dem-5678	147	30	further	far	ADV
dem-5678	147	31	linked	link	VERB
dem-5678	147	32	to	to	ADP
dem-5678	147	33	it	it	PRON
dem-5678	147	34	causing	cause	VERB
dem-5678	147	35	the	the	DET
dem-5678	147	36	contagion	contagion	NOUN
dem-5678	147	37	effect	effect	NOUN
dem-5678	147	38	.	.	PUNCT
dem-5678	148	1	for	for	ADP
dem-5678	148	2	comparison	comparison	NOUN
dem-5678	148	3	,	,	PUNCT
dem-5678	148	4	the	the	DET
dem-5678	148	5	links	link	NOUN
dem-5678	148	6	identified	identify	VERB
dem-5678	148	7	on	on	ADP
dem-5678	148	8	the	the	DET
dem-5678	148	9	basis	basis	NOUN
dem-5678	148	10	of	of	ADP
dem-5678	148	11	the	the	DET
dem-5678	148	12	value	value	NOUN
dem-5678	148	13	of	of	ADP
dem-5678	148	14	the	the	DET
dem-5678	148	15	correlation	correlation	NOUN
dem-5678	148	16	coefficient	coefficient	NOUN
dem-5678	148	17	for	for	ADP
dem-5678	148	18	the	the	DET
dem-5678	148	19	period	period	NOUN
dem-5678	148	20	2007–2010	2007–2010	NUM
dem-5678	148	21	crisis	crisis	NOUN
dem-5678	148	22	,	,	PUNCT
dem-5678	148	23	are	be	AUX
dem-5678	148	24	shown	show	VERB
dem-5678	148	25	in	in	ADP
dem-5678	148	26	figure	figure	NOUN
dem-5678	148	27	5	5	NUM
dem-5678	148	28	.	.	PUNCT
dem-5678	148	29	according	accord	VERB
dem-5678	148	30	to	to	ADP
dem-5678	148	31	some	some	DET
dem-5678	148	32	beliefs	belief	NOUN
dem-5678	148	33	(	(	PUNCT
dem-5678	148	34	see	see	VERB
dem-5678	148	35	e.g.	e.g.	ADV
dem-5678	148	36	login	login	NOUN
dem-5678	148	37	and	and	CCONJ
dem-5678	148	38	solnik	solnik	X
dem-5678	148	39	,	,	PUNCT
dem-5678	148	40	2001	2001	NUM
dem-5678	148	41	)	)	PUNCT
dem-5678	148	42	the	the	DET
dem-5678	148	43	strength	strength	NOUN
dem-5678	148	44	of	of	ADP
dem-5678	148	45	the	the	DET
dem-5678	148	46	relationship	relationship	NOUN
dem-5678	148	47	between	between	ADP
dem-5678	148	48	the	the	DET
dem-5678	148	49	stock	stock	NOUN
dem-5678	148	50	exchanges	exchange	NOUN
dem-5678	148	51	during	during	ADP
dem-5678	148	52	the	the	DET
dem-5678	148	53	downturn	downturn	NOUN
dem-5678	148	54	increases	increase	NOUN
dem-5678	148	55	and	and	CCONJ
dem-5678	148	56	decreases	decrease	NOUN
dem-5678	148	57	with	with	ADP
dem-5678	148	58	the	the	DET
dem-5678	148	59	improvement	improvement	NOUN
dem-5678	148	60	of	of	ADP
dem-5678	148	61	the	the	DET
dem-5678	148	62	general	general	ADJ
dem-5678	148	63	economic	economic	ADJ
dem-5678	148	64	situation	situation	NOUN
dem-5678	148	65	in	in	ADP
dem-5678	148	66	the	the	DET
dem-5678	148	67	world	world	NOUN
dem-5678	148	68	.	.	PUNCT
dem-5678	149	1	this	this	DET
dem-5678	149	2	hypothesis	hypothesis	NOUN
dem-5678	149	3	is	be	AUX
dem-5678	149	4	elżbieta	elżbieta	PROPN
dem-5678	149	5	szulc	szulc	PROPN
dem-5678	149	6	,	,	PUNCT
dem-5678	149	7	dagna	dagna	VERB
dem-5678	149	8	wleklińska	wleklińska	NOUN
dem-5678	149	9	,	,	PUNCT
dem-5678	149	10	karolina	karolina	PROPN
dem-5678	149	11	górna	górna	PROPN
dem-5678	149	12	,	,	PUNCT
dem-5678	149	13	joanna	joanna	PROPN
dem-5678	149	14	górna	górna	PROPN
dem-5678	149	15	dynamic	dynamic	ADJ
dem-5678	149	16	econometric	econometric	ADJ
dem-5678	149	17	models	model	NOUN
dem-5678	149	18	14	14	NUM
dem-5678	149	19	(	(	PUNCT
dem-5678	149	20	2014	2014	NUM
dem-5678	149	21	)	)	PUNCT
dem-5678	150	1	125–144	125–144	NUM
dem-5678	150	2	136	136	NUM
dem-5678	150	3	confirmed	confirm	VERB
dem-5678	150	4	by	by	ADP
dem-5678	150	5	the	the	DET
dem-5678	150	6	number	number	NOUN
dem-5678	150	7	of	of	ADP
dem-5678	150	8	links	link	NOUN
dem-5678	150	9	between	between	ADP
dem-5678	150	10	stock	stock	NOUN
dem-5678	150	11	exchanges	exchange	NOUN
dem-5678	150	12	marked	mark	VERB
dem-5678	150	13	in	in	ADP
dem-5678	150	14	figure	figure	NOUN
dem-5678	150	15	5	5	NUM
dem-5678	150	16	,	,	PUNCT
dem-5678	150	17	for	for	ADP
dem-5678	150	18	which	which	PRON
dem-5678	150	19	the	the	DET
dem-5678	150	20	value	value	NOUN
dem-5678	150	21	of	of	ADP
dem-5678	150	22	the	the	DET
dem-5678	150	23	correlation	correlation	NOUN
dem-5678	150	24	coefficient	coefficient	NOUN
dem-5678	150	25	exceeds	exceed	VERB
dem-5678	150	26	0.9	0.9	NUM
dem-5678	150	27	.	.	PUNCT
dem-5678	151	1	therefore	therefore	ADV
dem-5678	151	2	,	,	PUNCT
dem-5678	151	3	it	it	PRON
dem-5678	151	4	seems	seem	VERB
dem-5678	151	5	that	that	SCONJ
dem-5678	151	6	along	along	ADP
dem-5678	151	7	with	with	ADP
dem-5678	151	8	deteriorating	deteriorate	VERB
dem-5678	151	9	sentiments	sentiment	NOUN
dem-5678	151	10	in	in	ADP
dem-5678	151	11	the	the	DET
dem-5678	151	12	global	global	ADJ
dem-5678	151	13	capital	capital	NOUN
dem-5678	151	14	market	market	NOUN
dem-5678	151	15	,	,	PUNCT
dem-5678	151	16	an	an	DET
dem-5678	151	17	increase	increase	NOUN
dem-5678	151	18	of	of	ADP
dem-5678	151	19	the	the	DET
dem-5678	151	20	correlation	correlation	NOUN
dem-5678	151	21	between	between	ADP
dem-5678	151	22	securities	security	NOUN
dem-5678	151	23	markets	market	NOUN
dem-5678	151	24	might	might	AUX
dem-5678	151	25	be	be	AUX
dem-5678	151	26	expected	expect	VERB
dem-5678	151	27	,	,	PUNCT
dem-5678	151	28	as	as	ADV
dem-5678	151	29	long	long	ADV
dem-5678	151	30	as	as	SCONJ
dem-5678	151	31	the	the	DET
dem-5678	151	32	trend	trend	NOUN
dem-5678	151	33	will	will	AUX
dem-5678	151	34	not	not	PART
dem-5678	151	35	be	be	AUX
dem-5678	151	36	reversed	reverse	VERB
dem-5678	151	37	.	.	PUNCT
dem-5678	152	1	figure	figure	VERB
dem-5678	152	2	4	4	NUM
dem-5678	152	3	.	.	PUNCT
dem-5678	153	1	the	the	DET
dem-5678	153	2	significant	significant	ADJ
dem-5678	153	3	linkages	linkage	NOUN
dem-5678	153	4	between	between	ADP
dem-5678	153	5	investigated	investigate	VERB
dem-5678	153	6	stock	stock	NOUN
dem-5678	153	7	markets	market	NOUN
dem-5678	153	8	according	accord	VERB
dem-5678	153	9	to	to	ADP
dem-5678	153	10	the	the	DET
dem-5678	153	11	pearson	pearson	PROPN
dem-5678	153	12	correlation	correlation	NOUN
dem-5678	153	13	coefficient	coefficient	NOUN
dem-5678	153	14	in	in	ADP
dem-5678	153	15	the	the	DET
dem-5678	153	16	period	period	NOUN
dem-5678	153	17	of	of	ADP
dem-5678	153	18	2004–2012	2004–2012	NUM
dem-5678	153	19	figure	figure	NOUN
dem-5678	153	20	5	5	NUM
dem-5678	153	21	.	.	PUNCT
dem-5678	154	1	the	the	DET
dem-5678	154	2	significant	significant	ADJ
dem-5678	154	3	linkages	linkage	NOUN
dem-5678	154	4	between	between	ADP
dem-5678	154	5	investigated	investigate	VERB
dem-5678	154	6	stock	stock	NOUN
dem-5678	154	7	markets	market	NOUN
dem-5678	154	8	according	accord	VERB
dem-5678	154	9	to	to	ADP
dem-5678	154	10	the	the	DET
dem-5678	154	11	pearson	pearson	PROPN
dem-5678	154	12	correlation	correlation	NOUN
dem-5678	154	13	coefficient	coefficient	NOUN
dem-5678	154	14	in	in	ADP
dem-5678	154	15	the	the	DET
dem-5678	154	16	period	period	NOUN
dem-5678	154	17	of	of	ADP
dem-5678	154	18	2007–2010	2007–2010	NUM
dem-5678	154	19	4	4	NUM
dem-5678	154	20	.	.	PUNCT
dem-5678	154	21	results	result	NOUN
dem-5678	154	22	of	of	ADP
dem-5678	154	23	the	the	DET
dem-5678	154	24	econometric	econometric	ADJ
dem-5678	154	25	analysis	analysis	NOUN
dem-5678	154	26	the	the	DET
dem-5678	154	27	successive	successive	ADJ
dem-5678	154	28	tables	table	NOUN
dem-5678	154	29	presented	present	VERB
dem-5678	154	30	below	below	ADP
dem-5678	154	31	contain	contain	VERB
dem-5678	154	32	the	the	DET
dem-5678	154	33	information	information	NOUN
dem-5678	154	34	on	on	ADP
dem-5678	154	35	the	the	DET
dem-5678	154	36	usefulness	usefulness	NOUN
dem-5678	154	37	of	of	ADP
dem-5678	154	38	various	various	ADJ
dem-5678	154	39	methodological	methodological	ADJ
dem-5678	154	40	conceptions	conception	NOUN
dem-5678	154	41	expressed	express	VERB
dem-5678	154	42	by	by	ADP
dem-5678	154	43	the	the	DET
dem-5678	154	44	spatial	spatial	ADJ
dem-5678	154	45	models	model	NOUN
dem-5678	154	46	,	,	PUNCT
dem-5678	154	47	presented	present	VERB
dem-5678	154	48	in	in	ADP
dem-5678	154	49	section	section	NOUN
dem-5678	154	50	3	3	NUM
dem-5678	154	51	,	,	PUNCT
dem-5678	154	52	in	in	ADP
dem-5678	154	53	comparison	comparison	NOUN
dem-5678	154	54	with	with	ADP
dem-5678	154	55	the	the	DET
dem-5678	154	56	linear	linear	PROPN
dem-5678	154	57	regression	regression	NOUN
dem-5678	154	58	model	model	NOUN
dem-5678	154	59	,	,	PUNCT
dem-5678	154	60	i.e.	i.e.	X
dem-5678	154	61	the	the	DET
dem-5678	154	62	traditional	traditional	ADJ
dem-5678	154	63	model	model	NOUN
dem-5678	154	64	without	without	ADP
dem-5678	154	65	the	the	DET
dem-5678	154	66	spatial	spatial	ADJ
dem-5678	154	67	effects	effect	NOUN
dem-5678	154	68	.	.	PUNCT
dem-5678	155	1	the	the	DET
dem-5678	155	2	significance	significance	NOUN
dem-5678	155	3	of	of	ADP
dem-5678	155	4	distance	distance	NOUN
dem-5678	155	5	between	between	ADP
dem-5678	155	6	stock	stock	NOUN
dem-5678	155	7	exchanges	exchange	NOUN
dem-5678	155	8	…	…	PUNCT
dem-5678	155	9	dynamic	dynamic	ADJ
dem-5678	155	10	econometric	econometric	ADJ
dem-5678	155	11	models	model	NOUN
dem-5678	155	12	14	14	NUM
dem-5678	155	13	(	(	PUNCT
dem-5678	155	14	2014	2014	NUM
dem-5678	155	15	)	)	PUNCT
dem-5678	155	16	125–144	125–144	NUM
dem-5678	155	17	137	137	NUM
dem-5678	155	18	table	table	NOUN
dem-5678	155	19	2	2	NUM
dem-5678	155	20	.	.	PUNCT
dem-5678	155	21	results	result	NOUN
dem-5678	155	22	of	of	ADP
dem-5678	155	23	the	the	DET
dem-5678	155	24	estimation	estimation	NOUN
dem-5678	155	25	and	and	CCONJ
dem-5678	155	26	verification	verification	NOUN
dem-5678	155	27	of	of	ADP
dem-5678	155	28	β	β	NOUN
dem-5678	155	29	-	-	ADJ
dem-5678	155	30	convergence	convergence	NOUN
dem-5678	155	31	models	model	NOUN
dem-5678	155	32	for	for	ADP
dem-5678	155	33	pooled	pool	VERB
dem-5678	155	34	time	time	NOUN
dem-5678	155	35	series	series	NOUN
dem-5678	155	36	and	and	CCONJ
dem-5678	155	37	cross	cross	ADJ
dem-5678	155	38	-	-	ADJ
dem-5678	155	39	sectional	sectional	ADJ
dem-5678	155	40	data	datum	NOUN
dem-5678	155	41	–	–	PUNCT
dem-5678	155	42	variant	variant	NOUN
dem-5678	155	43	i	i	PRON
dem-5678	155	44	linear	linear	VERB
dem-5678	155	45	regression	regression	VERB
dem-5678	155	46	spatial	spatial	ADJ
dem-5678	155	47	autoregressive	autoregressive	ADJ
dem-5678	155	48	model	model	NOUN
dem-5678	155	49	spatial	spatial	ADJ
dem-5678	155	50	error	error	NOUN
dem-5678	155	51	model	model	NOUN
dem-5678	155	52	parameters	parameter	NOUN
dem-5678	155	53			X
dem-5678	155	54			PROPN
dem-5678	155	55			X
dem-5678	155	56			X
dem-5678	155	57	–	–	PUNCT
dem-5678	155	58	0.2276	0.2276	NUM
dem-5678	155	59	(	(	PUNCT
dem-5678	155	60	0.0000	0.0000	NUM
dem-5678	155	61	)	)	PUNCT
dem-5678	155	62	–	–	PUNCT
dem-5678	155	63	0.1252	0.1252	NUM
dem-5678	155	64	(	(	PUNCT
dem-5678	155	65	0.0000	0.0000	NUM
dem-5678	155	66	)	)	PUNCT
dem-5678	155	67	–	–	PUNCT
dem-5678	155	68	–	–	PUNCT
dem-5678	155	69	–	–	PUNCT
dem-5678	155	70	0.1704	0.1704	NUM
dem-5678	155	71	(	(	PUNCT
dem-5678	155	72	0.0000	0.0000	NUM
dem-5678	155	73	)	)	PUNCT
dem-5678	155	74	–	–	PUNCT
dem-5678	155	75	0.0965	0.0965	NUM
dem-5678	155	76	(	(	PUNCT
dem-5678	155	77	0.0000	0.0000	NUM
dem-5678	155	78	)	)	PUNCT
dem-5678	155	79	0.7082	0.7082	NUM
dem-5678	155	80	(	(	PUNCT
dem-5678	155	81	0.0000	0.0000	NUM
dem-5678	155	82	)	)	PUNCT
dem-5678	155	83	–	–	PUNCT
dem-5678	155	84	–	–	PUNCT
dem-5678	155	85	0.1702	0.1702	NUM
dem-5678	155	86	(	(	PUNCT
dem-5678	155	87	0.0004	0.0004	NUM
dem-5678	155	88	)	)	PUNCT
dem-5678	155	89	–	–	PUNCT
dem-5678	155	90	0.0922	0.0922	NUM
dem-5678	155	91	(	(	PUNCT
dem-5678	155	92	0.0000	0.0000	NUM
dem-5678	155	93	)	)	PUNCT
dem-5678	155	94	–	–	PUNCT
dem-5678	155	95	0.7255	0.7255	NUM
dem-5678	155	96	(	(	PUNCT
dem-5678	155	97	0.0000	0.0000	NUM
dem-5678	155	98	)	)	PUNCT
dem-5678	155	99	goodness	goodness	NOUN
dem-5678	155	100	of	of	ADP
dem-5678	155	101	fit	fit	ADJ
dem-5678	155	102	adjusted	adjust	VERB
dem-5678	155	103	r2	r2	NOUN
dem-5678	155	104	aic	aic	PROPN
dem-5678	155	105	0.0644	0.0644	NUM
dem-5678	155	106	–	–	PUNCT
dem-5678	155	107	161.0100	161.0100	NUM
dem-5678	155	108	–	–	PUNCT
dem-5678	155	109	–	–	PUNCT
dem-5678	155	110	264.4000	264.4000	NUM
dem-5678	155	111	–	–	PUNCT
dem-5678	155	112	–	–	PUNCT
dem-5678	155	113	261.9500	261.9500	NUM
dem-5678	155	114	heteroskedasticity	heteroskedasticity	NOUN
dem-5678	155	115	breuch	breuch	ADV
dem-5678	155	116	-	-	PUNCT
dem-5678	155	117	pagan	pagan	VERB
dem-5678	155	118	test	test	NOUN
dem-5678	155	119	1.8260	1.8260	NUM
dem-5678	155	120	(	(	PUNCT
dem-5678	155	121	0.1766	0.1766	NUM
dem-5678	155	122	)	)	PUNCT
dem-5678	155	123	1.1870	1.1870	NUM
dem-5678	155	124	(	(	PUNCT
dem-5678	155	125	0.2759	0.2759	NUM
dem-5678	155	126	)	)	PUNCT
dem-5678	155	127	1.5371	1.5371	NUM
dem-5678	155	128	(	(	PUNCT
dem-5678	155	129	0.2151	0.2151	NUM
dem-5678	155	130	)	)	PUNCT
dem-5678	155	131	autocorrelation	autocorrelation	NOUN
dem-5678	155	132	of	of	ADP
dem-5678	155	133	residuals	residual	NOUN
dem-5678	155	134	moran	moran	PROPN
dem-5678	155	135	test	test	PROPN
dem-5678	155	136	17.7228	17.7228	NUM
dem-5678	155	137	(	(	PUNCT
dem-5678	155	138	0.0000	0.0000	NUM
dem-5678	155	139	)	)	PUNCT
dem-5678	155	140	–	–	PUNCT
dem-5678	155	141	0.8701	0.8701	NUM
dem-5678	155	142	(	(	PUNCT
dem-5678	155	143	0.1923	0.1923	NUM
dem-5678	155	144	)	)	PUNCT
dem-5678	155	145	–	–	PUNCT
dem-5678	155	146	0.7309	0.7309	NUM
dem-5678	155	147	(	(	PUNCT
dem-5678	155	148	0.2312	0.2312	NUM
dem-5678	155	149	)	)	PUNCT
dem-5678	155	150	spatial	spatial	ADJ
dem-5678	155	151	dependence	dependence	NOUN
dem-5678	155	152	lr	lr	PROPN
dem-5678	155	153	lmlag	lmlag	NOUN
dem-5678	155	154	lmerr	lmerr	PROPN
dem-5678	155	155	rlmlag	rlmlag	NOUN
dem-5678	155	156	rlmerr	rlmerr	NOUN
dem-5678	155	157	–	–	PUNCT
dem-5678	155	158	316.6723	316.6723	NUM
dem-5678	155	159	(	(	PUNCT
dem-5678	155	160	0.0000	0.0000	NUM
dem-5678	155	161	)	)	PUNCT
dem-5678	155	162	291.9936	291.9936	NUM
dem-5678	155	163	(	(	PUNCT
dem-5678	155	164	0.0000	0.0000	NUM
dem-5678	155	165	)	)	PUNCT
dem-5678	155	166	–	–	PUNCT
dem-5678	155	167	–	–	PUNCT
dem-5678	155	168	105.3900	105.3900	NUM
dem-5678	155	169	(	(	PUNCT
dem-5678	155	170	0.0000	0.0000	NUM
dem-5678	155	171	)	)	PUNCT
dem-5678	155	172	–	–	PUNCT
dem-5678	155	173	–	–	PUNCT
dem-5678	155	174	26.0514	26.0514	NUM
dem-5678	155	175	(	(	PUNCT
dem-5678	155	176	0.0000	0.0000	NUM
dem-5678	155	177	)	)	PUNCT
dem-5678	155	178	–	–	PUNCT
dem-5678	155	179	102.9300	102.9300	NUM
dem-5678	155	180	(	(	PUNCT
dem-5678	155	181	0.0000	0.0000	NUM
dem-5678	155	182	)	)	PUNCT
dem-5678	155	183	–	–	PUNCT
dem-5678	155	184	–	–	PUNCT
dem-5678	155	185	–	–	PUNCT
dem-5678	155	186	1.3727	1.3727	NUM
dem-5678	155	187	(	(	PUNCT
dem-5678	155	188	0.2414	0.2414	NUM
dem-5678	155	189	)	)	PUNCT
dem-5678	155	190	speed	speed	NOUN
dem-5678	155	191	of	of	ADP
dem-5678	155	192	convergence	convergence	NOUN
dem-5678	155	193	half	half	ADJ
dem-5678	155	194	-	-	PUNCT
dem-5678	155	195	life	life	NOUN
dem-5678	155	196	0.0167	0.0167	NUM
dem-5678	155	197	41.47	41.47	NUM
dem-5678	155	198	0.0127	0.0127	NUM
dem-5678	155	199	54.63	54.63	NUM
dem-5678	155	200	0.0121	0.0121	NUM
dem-5678	155	201	57.31	57.31	NUM
dem-5678	155	202	note	note	NOUN
dem-5678	155	203	:	:	PUNCT
dem-5678	155	204	numbers	number	NOUN
dem-5678	155	205	in	in	ADP
dem-5678	155	206	brackets	bracket	NOUN
dem-5678	155	207	refer	refer	VERB
dem-5678	155	208	to	to	ADP
dem-5678	155	209	the	the	DET
dem-5678	155	210	p	p	NOUN
dem-5678	155	211	-	-	PUNCT
dem-5678	155	212	values	value	NOUN
dem-5678	155	213	.	.	PUNCT
dem-5678	156	1	table	table	NOUN
dem-5678	156	2	2	2	NUM
dem-5678	156	3	contains	contain	VERB
dem-5678	156	4	the	the	DET
dem-5678	156	5	results	result	NOUN
dem-5678	156	6	of	of	ADP
dem-5678	156	7	estimation	estimation	NOUN
dem-5678	156	8	and	and	CCONJ
dem-5678	156	9	verification	verification	NOUN
dem-5678	156	10	of	of	ADP
dem-5678	156	11	three	three	NUM
dem-5678	156	12	models	model	NOUN
dem-5678	156	13	for	for	ADP
dem-5678	156	14	pooled	pool	VERB
dem-5678	156	15	time	time	NOUN
dem-5678	156	16	series	series	NOUN
dem-5678	156	17	and	and	CCONJ
dem-5678	156	18	cross	cross	ADJ
dem-5678	156	19	-	-	ADJ
dem-5678	156	20	sectional	sectional	ADJ
dem-5678	156	21	data	datum	NOUN
dem-5678	156	22	:	:	PUNCT
dem-5678	156	23	the	the	DET
dem-5678	156	24	linear	linear	ADJ
dem-5678	156	25	regression	regression	NOUN
dem-5678	156	26	model	model	NOUN
dem-5678	156	27	(	(	PUNCT
dem-5678	156	28	tscs	tsc	NOUN
dem-5678	156	29	)	)	PUNCT
dem-5678	156	30	,	,	PUNCT
dem-5678	156	31	the	the	DET
dem-5678	156	32	spatial	spatial	ADJ
dem-5678	156	33	autoregressive	autoregressive	ADJ
dem-5678	156	34	model	model	NOUN
dem-5678	156	35	(	(	PUNCT
dem-5678	156	36	sar_pooled	sar_poole	VERB
dem-5678	156	37	)	)	PUNCT
dem-5678	156	38	and	and	CCONJ
dem-5678	156	39	the	the	DET
dem-5678	156	40	spatial	spatial	ADJ
dem-5678	156	41	error	error	NOUN
dem-5678	156	42	model	model	NOUN
dem-5678	156	43	(	(	PUNCT
dem-5678	156	44	se_pooled	se_poole	VERB
dem-5678	156	45	)	)	PUNCT
dem-5678	156	46	.	.	PUNCT
dem-5678	157	1	in	in	ADP
dem-5678	157	2	the	the	DET
dem-5678	157	3	spatial	spatial	ADJ
dem-5678	157	4	models	model	NOUN
dem-5678	157	5	for	for	ADP
dem-5678	157	6	the	the	DET
dem-5678	157	7	purpose	purpose	NOUN
dem-5678	157	8	of	of	ADP
dem-5678	157	9	quantification	quantification	NOUN
dem-5678	157	10	of	of	ADP
dem-5678	157	11	the	the	DET
dem-5678	157	12	connections	connection	NOUN
dem-5678	157	13	among	among	ADP
dem-5678	157	14	exchanges	exchange	NOUN
dem-5678	157	15	investigated	investigate	VERB
dem-5678	157	16	the	the	DET
dem-5678	157	17	matrix	matrix	NOUN
dem-5678	157	18	w	w	NOUN
dem-5678	157	19	was	be	AUX
dem-5678	157	20	used	use	VERB
dem-5678	157	21	,	,	PUNCT
dem-5678	157	22	taking	take	VERB
dem-5678	157	23	into	into	ADP
dem-5678	157	24	account	account	NOUN
dem-5678	157	25	the	the	DET
dem-5678	157	26	physical	physical	ADJ
dem-5678	157	27	distance	distance	NOUN
dem-5678	157	28	between	between	ADP
dem-5678	157	29	them	they	PRON
dem-5678	157	30	(	(	PUNCT
dem-5678	157	31	variant	variant	NOUN
dem-5678	157	32	i	i	PROPN
dem-5678	157	33	)	)	PUNCT
dem-5678	157	34	.	.	PUNCT
dem-5678	158	1	table	table	NOUN
dem-5678	158	2	3	3	NUM
dem-5678	158	3	presents	present	VERB
dem-5678	158	4	the	the	DET
dem-5678	158	5	results	result	NOUN
dem-5678	158	6	for	for	ADP
dem-5678	158	7	the	the	DET
dem-5678	158	8	three	three	NUM
dem-5678	158	9	analogical	analogical	ADJ
dem-5678	158	10	models	model	NOUN
dem-5678	158	11	,	,	PUNCT
dem-5678	158	12	but	but	CCONJ
dem-5678	158	13	in	in	ADP
dem-5678	158	14	the	the	DET
dem-5678	158	15	spatial	spatial	ADJ
dem-5678	158	16	elżbieta	elżbieta	PROPN
dem-5678	158	17	szulc	szulc	PROPN
dem-5678	158	18	,	,	PUNCT
dem-5678	158	19	dagna	dagna	VERB
dem-5678	158	20	wleklińska	wleklińska	NOUN
dem-5678	158	21	,	,	PUNCT
dem-5678	158	22	karolina	karolina	PROPN
dem-5678	158	23	górna	górna	PROPN
dem-5678	158	24	,	,	PUNCT
dem-5678	158	25	joanna	joanna	PROPN
dem-5678	158	26	górna	górna	PROPN
dem-5678	158	27	dynamic	dynamic	ADJ
dem-5678	158	28	econometric	econometric	ADJ
dem-5678	158	29	models	model	NOUN
dem-5678	158	30	14	14	NUM
dem-5678	158	31	(	(	PUNCT
dem-5678	158	32	2014	2014	NUM
dem-5678	158	33	)	)	PUNCT
dem-5678	158	34	125–144	125–144	NUM
dem-5678	158	35	138	138	NUM
dem-5678	158	36	models	model	NOUN
dem-5678	158	37	the	the	DET
dem-5678	158	38	connectivity	connectivity	NOUN
dem-5678	158	39	matrix	matrix	NOUN
dem-5678	158	40	w	w	NOUN
dem-5678	158	41	*	*	PUNCT
dem-5678	158	42	of	of	ADP
dem-5678	158	43	the	the	DET
dem-5678	158	44	economic	economic	ADJ
dem-5678	158	45	distance	distance	NOUN
dem-5678	158	46	between	between	ADP
dem-5678	158	47	the	the	DET
dem-5678	158	48	exchanges	exchange	NOUN
dem-5678	158	49	was	be	AUX
dem-5678	158	50	used	use	VERB
dem-5678	158	51	(	(	PUNCT
dem-5678	158	52	variant	variant	NOUN
dem-5678	158	53	ii	ii	NOUN
dem-5678	158	54	)	)	PUNCT
dem-5678	158	55	.	.	PUNCT
dem-5678	159	1	table	table	NOUN
dem-5678	159	2	3	3	NUM
dem-5678	159	3	.	.	PUNCT
dem-5678	159	4	results	result	NOUN
dem-5678	159	5	of	of	ADP
dem-5678	159	6	the	the	DET
dem-5678	159	7	estimation	estimation	NOUN
dem-5678	159	8	and	and	CCONJ
dem-5678	159	9	verification	verification	NOUN
dem-5678	159	10	of	of	ADP
dem-5678	159	11	β	β	NOUN
dem-5678	159	12	-	-	ADJ
dem-5678	159	13	convergence	convergence	NOUN
dem-5678	159	14	models	model	NOUN
dem-5678	159	15	for	for	ADP
dem-5678	159	16	pooled	pool	VERB
dem-5678	159	17	time	time	NOUN
dem-5678	159	18	series	series	NOUN
dem-5678	159	19	and	and	CCONJ
dem-5678	159	20	cross	cross	ADJ
dem-5678	159	21	-	-	ADJ
dem-5678	159	22	sectional	sectional	ADJ
dem-5678	159	23	data	datum	NOUN
dem-5678	159	24	–	–	PUNCT
dem-5678	159	25	variant	variant	ADJ
dem-5678	159	26	ii	ii	PROPN
dem-5678	159	27	linear	linear	PROPN
dem-5678	159	28	regression	regression	NOUN
dem-5678	159	29	spatial	spatial	ADJ
dem-5678	159	30	autoregressive	autoregressive	ADJ
dem-5678	159	31	model	model	NOUN
dem-5678	159	32	spatial	spatial	ADJ
dem-5678	159	33	error	error	NOUN
dem-5678	159	34	model	model	NOUN
dem-5678	159	35	parameters	parameter	NOUN
dem-5678	159	36			X
dem-5678	159	37			PROPN
dem-5678	159	38			X
dem-5678	159	39			X
dem-5678	159	40	–	–	PUNCT
dem-5678	159	41	0.2276	0.2276	NUM
dem-5678	159	42	(	(	PUNCT
dem-5678	159	43	0.0000	0.0000	NUM
dem-5678	159	44	)	)	PUNCT
dem-5678	159	45	–	–	PUNCT
dem-5678	159	46	0.1252	0.1252	NUM
dem-5678	159	47	(	(	PUNCT
dem-5678	159	48	0.0000	0.0000	NUM
dem-5678	159	49	)	)	PUNCT
dem-5678	159	50	–	–	PUNCT
dem-5678	159	51	–	–	PUNCT
dem-5678	159	52	–	–	PUNCT
dem-5678	159	53	0.1670	0.1670	NUM
dem-5678	159	54	(	(	PUNCT
dem-5678	159	55	0.0000	0.0000	NUM
dem-5678	159	56	)	)	PUNCT
dem-5678	159	57	–	–	PUNCT
dem-5678	159	58	0.0981	0.0981	NUM
dem-5678	159	59	(	(	PUNCT
dem-5678	159	60	0.0202	0.0202	NUM
dem-5678	159	61	)	)	PUNCT
dem-5678	159	62	0.8030	0.8030	NUM
dem-5678	159	63	(	(	PUNCT
dem-5678	159	64	0.0000	0.0000	NUM
dem-5678	159	65	)	)	PUNCT
dem-5678	159	66	–	–	PUNCT
dem-5678	159	67	–	–	PUNCT
dem-5678	159	68	0.1477	0.1477	NUM
dem-5678	159	69	(	(	PUNCT
dem-5678	159	70	0.0110	0.0110	NUM
dem-5678	159	71	)	)	PUNCT
dem-5678	159	72	–	–	PUNCT
dem-5678	159	73	0.1221	0.1221	NUM
dem-5678	159	74	(	(	PUNCT
dem-5678	159	75	0.0000	0.0000	NUM
dem-5678	159	76	)	)	PUNCT
dem-5678	159	77	–	–	PUNCT
dem-5678	160	1	0.8311	0.8311	NUM
dem-5678	160	2	(	(	PUNCT
dem-5678	160	3	0.0000	0.0000	NUM
dem-5678	160	4	)	)	PUNCT
dem-5678	160	5	goodness	goodness	NOUN
dem-5678	160	6	of	of	ADP
dem-5678	160	7	fit	fit	ADJ
dem-5678	160	8	adjusted	adjust	VERB
dem-5678	160	9	r2	r2	NOUN
dem-5678	160	10	aic	aic	PROPN
dem-5678	160	11	0.0644	0.0644	NUM
dem-5678	160	12	–	–	PUNCT
dem-5678	160	13	161.0100	161.0100	NUM
dem-5678	160	14	–	–	PUNCT
dem-5678	160	15	–	–	PUNCT
dem-5678	160	16	279.9800	279.9800	NUM
dem-5678	160	17	–	–	PUNCT
dem-5678	160	18	–	–	PUNCT
dem-5678	160	19	285.4900	285.4900	NUM
dem-5678	160	20	heteroskedasticity	heteroskedasticity	NOUN
dem-5678	160	21	breuch	breuch	ADV
dem-5678	160	22	-	-	PUNCT
dem-5678	160	23	pagan	pagan	VERB
dem-5678	160	24	test	test	NOUN
dem-5678	160	25	1.8260	1.8260	NUM
dem-5678	160	26	(	(	PUNCT
dem-5678	160	27	0.1766	0.1766	NUM
dem-5678	160	28	)	)	PUNCT
dem-5678	160	29	0.4405	0.4405	NUM
dem-5678	160	30	(	(	PUNCT
dem-5678	160	31	0.5069	0.5069	NUM
dem-5678	160	32	)	)	PUNCT
dem-5678	160	33	0.2427	0.2427	NUM
dem-5678	160	34	(	(	PUNCT
dem-5678	160	35	0.6223	0.6223	NUM
dem-5678	160	36	)	)	PUNCT
dem-5678	160	37	autocorrelation	autocorrelation	NOUN
dem-5678	160	38	of	of	ADP
dem-5678	160	39	residuals	residual	NOUN
dem-5678	160	40	moran	moran	PROPN
dem-5678	160	41	test	test	PROPN
dem-5678	160	42	25.8554	25.8554	NUM
dem-5678	160	43	(	(	PUNCT
dem-5678	160	44	0.0000	0.0000	NUM
dem-5678	160	45	)	)	PUNCT
dem-5678	160	46	3.0317	3.0317	NUM
dem-5678	160	47	(	(	PUNCT
dem-5678	160	48	0.0011	0.0011	NUM
dem-5678	160	49	)	)	PUNCT
dem-5678	160	50	3.3425	3.3425	NUM
dem-5678	160	51	(	(	PUNCT
dem-5678	160	52	0.0004	0.0004	NUM
dem-5678	160	53	)	)	PUNCT
dem-5678	160	54	spatial	spatial	ADJ
dem-5678	160	55	dependence	dependence	NOUN
dem-5678	160	56	lr	lr	PROPN
dem-5678	160	57	lmlag	lmlag	NOUN
dem-5678	160	58	lmerr	lmerr	PROPN
dem-5678	160	59	rlmlag	rlmlag	NOUN
dem-5678	160	60	rlmerr	rlmerr	NOUN
dem-5678	160	61	–	–	PUNCT
dem-5678	161	1	597.6765	597.6765	NUM
dem-5678	161	2	(	(	PUNCT
dem-5678	161	3	0.0000	0.0000	NUM
dem-5678	161	4	)	)	PUNCT
dem-5678	161	5	590.0261	590.0261	NUM
dem-5678	161	6	(	(	PUNCT
dem-5678	161	7	0.0000	0.0000	NUM
dem-5678	161	8	)	)	PUNCT
dem-5678	161	9	120.9600	120.9600	NUM
dem-5678	161	10	(	(	PUNCT
dem-5678	161	11	0.0000	0.0000	NUM
dem-5678	161	12	)	)	PUNCT
dem-5678	161	13	–	–	PUNCT
dem-5678	161	14	–	–	PUNCT
dem-5678	161	15	9.6901	9.6901	NUM
dem-5678	161	16	(	(	PUNCT
dem-5678	161	17	0.0019	0.0019	NUM
dem-5678	161	18	)	)	PUNCT
dem-5678	161	19	–	–	PUNCT
dem-5678	161	20	126.4800	126.4800	NUM
dem-5678	161	21	(	(	PUNCT
dem-5678	161	22	0.0000	0.0000	NUM
dem-5678	161	23	)	)	PUNCT
dem-5678	161	24	–	–	PUNCT
dem-5678	161	25	–	–	PUNCT
dem-5678	161	26	–	–	PUNCT
dem-5678	161	27	2.0397	2.0397	NUM
dem-5678	161	28	(	(	PUNCT
dem-5678	161	29	0.1532	0.1532	NUM
dem-5678	161	30	)	)	PUNCT
dem-5678	161	31	speed	speed	NOUN
dem-5678	161	32	of	of	ADP
dem-5678	161	33	convergence	convergence	NOUN
dem-5678	161	34	half	half	ADJ
dem-5678	161	35	-	-	PUNCT
dem-5678	161	36	life	life	NOUN
dem-5678	161	37	0.0167	0.0167	NUM
dem-5678	161	38	41.47	41.47	NUM
dem-5678	161	39	0.0129	0.0129	NUM
dem-5678	161	40	53.69	53.69	NUM
dem-5678	161	41	0.0163	0.0163	NUM
dem-5678	161	42	42.57	42.57	NUM
dem-5678	161	43	note	note	NOUN
dem-5678	161	44	:	:	PUNCT
dem-5678	161	45	numbers	number	NOUN
dem-5678	161	46	in	in	ADP
dem-5678	161	47	brackets	bracket	NOUN
dem-5678	161	48	refer	refer	VERB
dem-5678	161	49	to	to	ADP
dem-5678	161	50	the	the	DET
dem-5678	161	51	p	p	NOUN
dem-5678	161	52	-	-	PUNCT
dem-5678	161	53	values	value	NOUN
dem-5678	161	54	.	.	PUNCT
dem-5678	162	1	the	the	DET
dem-5678	162	2	classical	classical	ADJ
dem-5678	162	3	model	model	NOUN
dem-5678	162	4	estimated	estimate	VERB
dem-5678	162	5	using	use	VERB
dem-5678	162	6	the	the	DET
dem-5678	162	7	pooled	pool	VERB
dem-5678	162	8	time	time	NOUN
dem-5678	162	9	series	series	NOUN
dem-5678	162	10	and	and	CCONJ
dem-5678	162	11	crosssectional	crosssectional	ADJ
dem-5678	162	12	data	datum	NOUN
dem-5678	162	13	does	do	AUX
dem-5678	162	14	not	not	PART
dem-5678	162	15	satisfy	satisfy	VERB
dem-5678	162	16	the	the	DET
dem-5678	162	17	fundamental	fundamental	ADJ
dem-5678	162	18	criterions	criterion	NOUN
dem-5678	162	19	of	of	ADP
dem-5678	162	20	statistical	statistical	ADJ
dem-5678	162	21	verification	verification	NOUN
dem-5678	162	22	(	(	PUNCT
dem-5678	162	23	see	see	VERB
dem-5678	162	24	tables	table	NOUN
dem-5678	162	25	2	2	NUM
dem-5678	162	26	and	and	CCONJ
dem-5678	162	27	3	3	NUM
dem-5678	162	28	)	)	PUNCT
dem-5678	162	29	.	.	PUNCT
dem-5678	163	1	this	this	DET
dem-5678	163	2	result	result	NOUN
dem-5678	163	3	is	be	AUX
dem-5678	163	4	consistent	consistent	ADJ
dem-5678	163	5	with	with	ADP
dem-5678	163	6	our	our	PRON
dem-5678	163	7	prediction	prediction	NOUN
dem-5678	163	8	because	because	SCONJ
dem-5678	163	9	the	the	DET
dem-5678	163	10	assumptions	assumption	NOUN
dem-5678	163	11	of	of	ADP
dem-5678	163	12	the	the	DET
dem-5678	163	13	model	model	NOUN
dem-5678	163	14	,	,	PUNCT
dem-5678	163	15	especially	especially	ADV
dem-5678	163	16	the	the	DET
dem-5678	163	17	same	same	ADJ
dem-5678	163	18	variance	variance	NOUN
dem-5678	163	19	in	in	ADP
dem-5678	163	20	the	the	DET
dem-5678	163	21	space	space	NOUN
dem-5678	163	22	and	and	CCONJ
dem-5678	163	23	independence	independence	NOUN
dem-5678	163	24	across	across	ADP
dem-5678	163	25	residuals	residual	NOUN
dem-5678	163	26	for	for	ADP
dem-5678	163	27	all	all	PRON
dem-5678	163	28	singled	single	VERB
dem-5678	163	29	out	out	ADP
dem-5678	163	30	objects	object	NOUN
dem-5678	163	31	,	,	PUNCT
dem-5678	163	32	are	be	AUX
dem-5678	163	33	usuthe	usuthe	ADJ
dem-5678	163	34	significance	significance	NOUN
dem-5678	163	35	of	of	ADP
dem-5678	163	36	distance	distance	NOUN
dem-5678	163	37	between	between	ADP
dem-5678	163	38	stock	stock	NOUN
dem-5678	163	39	exchanges	exchange	NOUN
dem-5678	163	40	…	…	PUNCT
dem-5678	163	41	dynamic	dynamic	ADJ
dem-5678	163	42	econometric	econometric	ADJ
dem-5678	163	43	models	model	NOUN
dem-5678	163	44	14	14	NUM
dem-5678	163	45	(	(	PUNCT
dem-5678	163	46	2014	2014	NUM
dem-5678	163	47	)	)	PUNCT
dem-5678	163	48	125–144	125–144	NUM
dem-5678	163	49	139	139	NUM
dem-5678	163	50	ally	ally	NOUN
dem-5678	163	51	unrealistic	unrealistic	ADJ
dem-5678	163	52	in	in	ADP
dem-5678	163	53	practice	practice	NOUN
dem-5678	163	54	.	.	PUNCT
dem-5678	164	1	though	though	SCONJ
dem-5678	164	2	in	in	ADP
dem-5678	164	3	this	this	DET
dem-5678	164	4	case	case	NOUN
dem-5678	164	5	the	the	DET
dem-5678	164	6	breusch	breusch	ADV
dem-5678	164	7	-	-	PUNCT
dem-5678	164	8	pagan	pagan	VERB
dem-5678	164	9	statistic	statistic	NOUN
dem-5678	164	10	is	be	AUX
dem-5678	164	11	insignificant	insignificant	ADJ
dem-5678	164	12	,	,	PUNCT
dem-5678	164	13	on	on	ADP
dem-5678	164	14	the	the	DET
dem-5678	164	15	basis	basis	NOUN
dem-5678	164	16	of	of	ADP
dem-5678	164	17	the	the	DET
dem-5678	164	18	moran	moran	PROPN
dem-5678	164	19	test	test	NOUN
dem-5678	164	20	the	the	DET
dem-5678	164	21	hypothesis	hypothesis	NOUN
dem-5678	164	22	of	of	ADP
dem-5678	164	23	independence	independence	NOUN
dem-5678	164	24	of	of	ADP
dem-5678	164	25	the	the	DET
dem-5678	164	26	traditional	traditional	ADJ
dem-5678	164	27	model	model	NOUN
dem-5678	164	28	residuals	residual	NOUN
dem-5678	164	29	should	should	AUX
dem-5678	164	30	be	be	AUX
dem-5678	164	31	rejected	reject	VERB
dem-5678	164	32	.	.	PUNCT
dem-5678	165	1	as	as	SCONJ
dem-5678	165	2	the	the	DET
dem-5678	165	3	moran	moran	PROPN
dem-5678	165	4	test	test	NOUN
dem-5678	165	5	does	do	AUX
dem-5678	165	6	not	not	PART
dem-5678	165	7	admit	admit	VERB
dem-5678	165	8	an	an	DET
dem-5678	165	9	explicit	explicit	ADJ
dem-5678	165	10	alternative	alternative	ADJ
dem-5678	165	11	hypothesis	hypothesis	NOUN
dem-5678	165	12	opposed	oppose	VERB
dem-5678	165	13	to	to	ADP
dem-5678	165	14	the	the	DET
dem-5678	165	15	null	null	NOUN
dem-5678	165	16	,	,	PUNCT
dem-5678	165	17	the	the	DET
dem-5678	165	18	lagrange	lagrange	NOUN
dem-5678	165	19	multiplier	multipli	ADJ
dem-5678	165	20	tests	test	NOUN
dem-5678	165	21	(	(	PUNCT
dem-5678	165	22	lm	lm	INTJ
dem-5678	165	23	)	)	PUNCT
dem-5678	165	24	were	be	AUX
dem-5678	165	25	used	use	VERB
dem-5678	165	26	(	(	PUNCT
dem-5678	165	27	see	see	VERB
dem-5678	165	28	tables	table	NOUN
dem-5678	165	29	2	2	NUM
dem-5678	165	30	and	and	CCONJ
dem-5678	165	31	3	3	NUM
dem-5678	165	32	)	)	PUNCT
dem-5678	165	33	.	.	PUNCT
dem-5678	166	1	the	the	DET
dem-5678	166	2	lm	lm	PROPN
dem-5678	166	3	tests	test	NOUN
dem-5678	166	4	for	for	ADP
dem-5678	166	5	the	the	DET
dem-5678	166	6	linear	linear	ADJ
dem-5678	166	7	model	model	NOUN
dem-5678	166	8	for	for	ADP
dem-5678	166	9	the	the	DET
dem-5678	166	10	pooled	pool	VERB
dem-5678	166	11	time	time	NOUN
dem-5678	166	12	series	series	NOUN
dem-5678	166	13	and	and	CCONJ
dem-5678	166	14	cross	cross	ADJ
dem-5678	166	15	-	-	ADJ
dem-5678	166	16	sectional	sectional	ADJ
dem-5678	166	17	data	datum	NOUN
dem-5678	166	18	used	use	VERB
dem-5678	166	19	consider	consider	VERB
dem-5678	166	20	the	the	DET
dem-5678	166	21	spatial	spatial	ADJ
dem-5678	166	22	lag	lag	NOUN
dem-5678	166	23	model	model	NOUN
dem-5678	166	24	(	(	PUNCT
dem-5678	166	25	spatial	spatial	ADJ
dem-5678	166	26	autoregressive	autoregressive	ADJ
dem-5678	166	27	)	)	PUNCT
dem-5678	166	28	and	and	CCONJ
dem-5678	166	29	the	the	DET
dem-5678	166	30	spatial	spatial	ADJ
dem-5678	166	31	error	error	NOUN
dem-5678	166	32	model	model	NOUN
dem-5678	166	33	as	as	ADP
dem-5678	166	34	alternatives	alternative	NOUN
dem-5678	166	35	(	(	PUNCT
dem-5678	166	36	lmlag	lmlag	NOUN
dem-5678	166	37	and	and	CCONJ
dem-5678	166	38	lmerr	lmerr	NOUN
dem-5678	166	39	,	,	PUNCT
dem-5678	166	40	respectively	respectively	ADV
dem-5678	166	41	)	)	PUNCT
dem-5678	166	42	.	.	PUNCT
dem-5678	167	1	tables	table	NOUN
dem-5678	167	2	2	2	NUM
dem-5678	167	3	and	and	CCONJ
dem-5678	167	4	3	3	NUM
dem-5678	167	5	report	report	VERB
dem-5678	167	6	the	the	DET
dem-5678	167	7	results	result	NOUN
dem-5678	167	8	of	of	ADP
dem-5678	167	9	using	use	VERB
dem-5678	167	10	the	the	DET
dem-5678	167	11	robust	robust	ADJ
dem-5678	167	12	tests	test	NOUN
dem-5678	167	13	(	(	PUNCT
dem-5678	167	14	rlmlag	rlmlag	NOUN
dem-5678	167	15	,	,	PUNCT
dem-5678	167	16	in	in	ADP
dem-5678	167	17	which	which	PRON
dem-5678	167	18	h0	h0	PROPN
dem-5678	167	19	:	:	PUNCT
dem-5678	167	20			NOUN
dem-5678	167	21	=	=	PUNCT
dem-5678	167	22	0	0	PUNCT
dem-5678	167	23	under	under	ADP
dem-5678	167	24	the	the	DET
dem-5678	167	25	assumption	assumption	NOUN
dem-5678	168	1	that	that	SCONJ
dem-5678	168	2			ADJ
dem-5678	168	3			NOUN
dem-5678	168	4	0	0	NUM
dem-5678	168	5	and	and	CCONJ
dem-5678	168	6	rlmerr	rlmerr	NOUN
dem-5678	168	7	,	,	PUNCT
dem-5678	168	8	where	where	SCONJ
dem-5678	168	9	h0	h0	PROPN
dem-5678	168	10	:	:	PUNCT
dem-5678	168	11			X
dem-5678	168	12	=	=	X
dem-5678	168	13	0	0	NUM
dem-5678	168	14	under	under	ADP
dem-5678	168	15	the	the	DET
dem-5678	168	16	assumption	assumption	NOUN
dem-5678	168	17	that	that	SCONJ
dem-5678	168	18			ADP
dem-5678	168	19			NOUN
dem-5678	168	20	0	0	NUM
dem-5678	168	21	)	)	PUNCT
dem-5678	168	22	as	as	ADV
dem-5678	168	23	well	well	ADV
dem-5678	168	24	.	.	PUNCT
dem-5678	169	1	since	since	SCONJ
dem-5678	169	2	the	the	DET
dem-5678	169	3	lmlag	lmlag	NOUN
dem-5678	169	4	tests	test	NOUN
dem-5678	169	5	are	be	AUX
dem-5678	169	6	more	more	ADV
dem-5678	169	7	significant	significant	ADJ
dem-5678	169	8	than	than	ADP
dem-5678	169	9	the	the	DET
dem-5678	169	10	lmerr	lmerr	NOUN
dem-5678	169	11	,	,	PUNCT
dem-5678	169	12	and	and	CCONJ
dem-5678	169	13	the	the	DET
dem-5678	169	14	rlmlag	rlmlag	NOUN
dem-5678	169	15	are	be	AUX
dem-5678	169	16	significant	significant	ADJ
dem-5678	169	17	while	while	SCONJ
dem-5678	169	18	the	the	DET
dem-5678	169	19	rlmerr	rlmerr	NOUN
dem-5678	169	20	are	be	AUX
dem-5678	169	21	insignificant	insignificant	ADJ
dem-5678	169	22	,	,	PUNCT
dem-5678	169	23	the	the	DET
dem-5678	169	24	spatial	spatial	ADJ
dem-5678	169	25	lag	lag	NOUN
dem-5678	169	26	models	model	NOUN
dem-5678	169	27	should	should	AUX
dem-5678	169	28	be	be	AUX
dem-5678	169	29	preferred	prefer	VERB
dem-5678	169	30	.	.	PUNCT
dem-5678	170	1	subsequently	subsequently	ADV
dem-5678	170	2	,	,	PUNCT
dem-5678	170	3	the	the	DET
dem-5678	170	4	significance	significance	NOUN
dem-5678	170	5	of	of	ADP
dem-5678	170	6	the	the	DET
dem-5678	170	7	spatial	spatial	ADJ
dem-5678	170	8	effects	effect	NOUN
dem-5678	170	9	in	in	ADP
dem-5678	170	10	sar	sar	PROPN
dem-5678	170	11	and	and	CCONJ
dem-5678	170	12	se	se	PROPN
dem-5678	170	13	models	model	NOUN
dem-5678	170	14	using	use	VERB
dem-5678	170	15	the	the	DET
dem-5678	170	16	likelihood	likelihood	NOUN
dem-5678	170	17	ratio	ratio	NOUN
dem-5678	170	18	test	test	NOUN
dem-5678	170	19	(	(	PUNCT
dem-5678	170	20	lr	lr	NOUN
dem-5678	170	21	)	)	PUNCT
dem-5678	170	22	were	be	AUX
dem-5678	170	23	confirmed	confirm	VERB
dem-5678	170	24	.	.	PUNCT
dem-5678	171	1	likewise	likewise	ADV
dem-5678	171	2	,	,	PUNCT
dem-5678	171	3	irrespective	irrespective	ADV
dem-5678	171	4	of	of	ADP
dem-5678	171	5	which	which	DET
dem-5678	171	6	connectivity	connectivity	NOUN
dem-5678	171	7	matrix	matrix	NOUN
dem-5678	171	8	(	(	PUNCT
dem-5678	171	9	of	of	ADP
dem-5678	171	10	physical	physical	ADJ
dem-5678	171	11	or	or	CCONJ
dem-5678	171	12	of	of	ADP
dem-5678	171	13	economic	economic	ADJ
dem-5678	171	14	distance	distance	NOUN
dem-5678	171	15	)	)	PUNCT
dem-5678	171	16	in	in	ADP
dem-5678	171	17	the	the	DET
dem-5678	171	18	spatial	spatial	ADJ
dem-5678	171	19	models	model	NOUN
dem-5678	171	20	has	have	AUX
dem-5678	171	21	been	be	AUX
dem-5678	171	22	used	use	VERB
dem-5678	171	23	,	,	PUNCT
dem-5678	171	24	parameters	parameter	NOUN
dem-5678	171	25	ρ	ρ	PROPN
dem-5678	171	26	and	and	CCONJ
dem-5678	171	27	λ	λ	NOUN
dem-5678	171	28	are	be	AUX
dem-5678	171	29	statistically	statistically	ADV
dem-5678	171	30	significant	significant	ADJ
dem-5678	171	31	.	.	PUNCT
dem-5678	172	1	it	it	PRON
dem-5678	172	2	is	be	AUX
dem-5678	172	3	worth	worth	ADJ
dem-5678	172	4	noting	note	VERB
dem-5678	172	5	that	that	SCONJ
dem-5678	172	6	the	the	DET
dem-5678	172	7	fact	fact	NOUN
dem-5678	172	8	of	of	ADP
dem-5678	172	9	including	include	VERB
dem-5678	172	10	the	the	DET
dem-5678	172	11	connectivity	connectivity	NOUN
dem-5678	172	12	matrixes	matrix	NOUN
dem-5678	172	13	in	in	ADP
dem-5678	172	14	the	the	DET
dem-5678	172	15	considered	consider	VERB
dem-5678	172	16	models	model	NOUN
dem-5678	172	17	has	have	VERB
dem-5678	172	18	crucial	crucial	ADJ
dem-5678	172	19	impact	impact	NOUN
dem-5678	172	20	on	on	ADP
dem-5678	172	21	convergence	convergence	NOUN
dem-5678	172	22	parameters	parameter	NOUN
dem-5678	172	23	(	(	PUNCT
dem-5678	172	24			PROPN
dem-5678	172	25	)	)	PUNCT
dem-5678	172	26	.	.	PUNCT
dem-5678	173	1	absolute	absolute	ADJ
dem-5678	173	2	values	value	NOUN
dem-5678	173	3	of	of	ADP
dem-5678	173	4	the	the	DET
dem-5678	173	5	parameters	parameter	NOUN
dem-5678	173	6	for	for	ADP
dem-5678	173	7	the	the	DET
dem-5678	173	8	models	model	NOUN
dem-5678	173	9	sar	sar	VERB
dem-5678	173	10	and	and	CCONJ
dem-5678	173	11	se	se	X
dem-5678	173	12	are	be	AUX
dem-5678	173	13	lower	low	ADJ
dem-5678	173	14	than	than	ADP
dem-5678	173	15	for	for	ADP
dem-5678	173	16	the	the	DET
dem-5678	173	17	traditional	traditional	ADJ
dem-5678	173	18	model	model	NOUN
dem-5678	173	19	which	which	PRON
dem-5678	173	20	does	do	AUX
dem-5678	173	21	not	not	PART
dem-5678	173	22	take	take	VERB
dem-5678	173	23	into	into	ADP
dem-5678	173	24	account	account	NOUN
dem-5678	173	25	the	the	DET
dem-5678	173	26	connections	connection	NOUN
dem-5678	173	27	across	across	ADP
dem-5678	173	28	investigated	investigate	VERB
dem-5678	173	29	stock	stock	NOUN
dem-5678	173	30	exchanges	exchange	NOUN
dem-5678	173	31	.	.	PUNCT
dem-5678	174	1	in	in	ADP
dem-5678	174	2	turn	turn	NOUN
dem-5678	174	3	,	,	PUNCT
dem-5678	174	4	comparing	compare	VERB
dem-5678	174	5	the	the	DET
dem-5678	174	6			PROPN
dem-5678	174	7	parameters	parameter	NOUN
dem-5678	174	8	in	in	ADP
dem-5678	174	9	the	the	DET
dem-5678	174	10	spatial	spatial	ADJ
dem-5678	174	11	models	model	NOUN
dem-5678	174	12	which	which	PRON
dem-5678	174	13	contain	contain	VERB
dem-5678	174	14	the	the	DET
dem-5678	174	15	matrix	matrix	NOUN
dem-5678	174	16	of	of	ADP
dem-5678	174	17	physical	physical	ADJ
dem-5678	174	18	distance	distance	NOUN
dem-5678	174	19	with	with	ADP
dem-5678	174	20	the	the	DET
dem-5678	174	21	parameters	parameter	NOUN
dem-5678	174	22	of	of	ADP
dem-5678	174	23	the	the	DET
dem-5678	174	24	models	model	NOUN
dem-5678	174	25	which	which	PRON
dem-5678	174	26	contain	contain	VERB
dem-5678	174	27	the	the	DET
dem-5678	174	28	matrix	matrix	NOUN
dem-5678	174	29	of	of	ADP
dem-5678	174	30	economic	economic	ADJ
dem-5678	174	31	distance	distance	NOUN
dem-5678	174	32	one	one	PRON
dem-5678	174	33	can	can	AUX
dem-5678	174	34	see	see	VERB
dem-5678	174	35	that	that	SCONJ
dem-5678	174	36	the	the	DET
dem-5678	174	37	convergence	convergence	NOUN
dem-5678	174	38	parameters	parameter	NOUN
dem-5678	174	39	are	be	AUX
dem-5678	174	40	higher	high	ADJ
dem-5678	174	41	in	in	ADP
dem-5678	174	42	the	the	DET
dem-5678	174	43	second	second	ADJ
dem-5678	174	44	case	case	NOUN
dem-5678	174	45	.	.	PUNCT
dem-5678	175	1	it	it	PRON
dem-5678	175	2	can	can	AUX
dem-5678	175	3	be	be	AUX
dem-5678	175	4	supposed	suppose	VERB
dem-5678	175	5	that	that	SCONJ
dem-5678	175	6	geographical	geographical	ADJ
dem-5678	175	7	distance	distance	NOUN
dem-5678	175	8	has	have	VERB
dem-5678	175	9	less	less	ADJ
dem-5678	175	10	impact	impact	NOUN
dem-5678	175	11	on	on	ADP
dem-5678	175	12	the	the	DET
dem-5678	175	13	process	process	NOUN
dem-5678	175	14	of	of	ADP
dem-5678	175	15	equalizing	equalize	VERB
dem-5678	175	16	the	the	DET
dem-5678	175	17	differentiation	differentiation	NOUN
dem-5678	175	18	of	of	ADP
dem-5678	175	19	stock	stock	NOUN
dem-5678	175	20	markets	market	NOUN
dem-5678	175	21	.	.	PUNCT
dem-5678	176	1	evaluation	evaluation	NOUN
dem-5678	176	2	of	of	ADP
dem-5678	176	3	statistical	statistical	ADJ
dem-5678	176	4	properties	property	NOUN
dem-5678	176	5	of	of	ADP
dem-5678	176	6	the	the	DET
dem-5678	176	7	received	receive	VERB
dem-5678	176	8	empirical	empirical	ADJ
dem-5678	176	9	models	model	NOUN
dem-5678	176	10	reveals	reveal	VERB
dem-5678	176	11	that	that	SCONJ
dem-5678	176	12	in	in	ADP
dem-5678	176	13	the	the	DET
dem-5678	176	14	models	model	NOUN
dem-5678	176	15	constructed	construct	VERB
dem-5678	176	16	with	with	ADP
dem-5678	176	17	the	the	DET
dem-5678	176	18	use	use	NOUN
dem-5678	176	19	of	of	ADP
dem-5678	176	20	economic	economic	ADJ
dem-5678	176	21	distance	distance	NOUN
dem-5678	176	22	between	between	ADP
dem-5678	176	23	the	the	DET
dem-5678	176	24	stock	stock	NOUN
dem-5678	176	25	exchanges	exchange	NOUN
dem-5678	176	26	the	the	DET
dem-5678	176	27	problem	problem	NOUN
dem-5678	176	28	of	of	ADP
dem-5678	176	29	autocorrelation	autocorrelation	NOUN
dem-5678	176	30	of	of	ADP
dem-5678	176	31	the	the	DET
dem-5678	176	32	residuals	residual	NOUN
dem-5678	176	33	has	have	AUX
dem-5678	176	34	not	not	PART
dem-5678	176	35	been	be	AUX
dem-5678	176	36	eliminated	eliminate	VERB
dem-5678	176	37	.	.	PUNCT
dem-5678	177	1	it	it	PRON
dem-5678	177	2	is	be	AUX
dem-5678	177	3	a	a	DET
dem-5678	177	4	significant	significant	ADJ
dem-5678	177	5	drawback	drawback	NOUN
dem-5678	177	6	of	of	ADP
dem-5678	177	7	these	these	DET
dem-5678	177	8	models	model	NOUN
dem-5678	177	9	.	.	PUNCT
dem-5678	178	1	solving	solve	VERB
dem-5678	178	2	the	the	DET
dem-5678	178	3	problem	problem	NOUN
dem-5678	178	4	requires	require	VERB
dem-5678	178	5	further	further	ADJ
dem-5678	178	6	investigation	investigation	NOUN
dem-5678	178	7	towards	towards	ADP
dem-5678	178	8	an	an	DET
dem-5678	178	9	appropriate	appropriate	ADJ
dem-5678	178	10	modification	modification	NOUN
dem-5678	178	11	of	of	ADP
dem-5678	178	12	the	the	DET
dem-5678	178	13	connectivity	connectivity	NOUN
dem-5678	178	14	matrix	matrix	NOUN
dem-5678	178	15	.	.	PUNCT
dem-5678	179	1	tables	table	NOUN
dem-5678	179	2	4	4	NUM
dem-5678	179	3	and	and	CCONJ
dem-5678	179	4	5	5	NUM
dem-5678	179	5	contain	contain	VERB
dem-5678	179	6	the	the	DET
dem-5678	179	7	results	result	NOUN
dem-5678	179	8	of	of	ADP
dem-5678	179	9	the	the	DET
dem-5678	179	10	estimation	estimation	NOUN
dem-5678	179	11	and	and	CCONJ
dem-5678	179	12	verification	verification	NOUN
dem-5678	179	13	of	of	ADP
dem-5678	179	14	exemplary	exemplary	ADJ
dem-5678	179	15	panel	panel	NOUN
dem-5678	179	16	models	model	NOUN
dem-5678	179	17	used	use	VERB
dem-5678	179	18	in	in	ADP
dem-5678	179	19	the	the	DET
dem-5678	179	20	investigation	investigation	NOUN
dem-5678	179	21	,	,	PUNCT
dem-5678	179	22	i.e.	i.e.	X
dem-5678	179	23	the	the	DET
dem-5678	179	24	panel	panel	NOUN
dem-5678	179	25	model	model	NOUN
dem-5678	179	26	with	with	ADP
dem-5678	179	27	fixed	fix	VERB
dem-5678	179	28	effects	effect	NOUN
dem-5678	179	29	without	without	ADP
dem-5678	179	30	spatial	spatial	ADJ
dem-5678	179	31	component	component	NOUN
dem-5678	179	32	,	,	PUNCT
dem-5678	179	33	the	the	DET
dem-5678	179	34	spatial	spatial	ADJ
dem-5678	179	35	autoregressive	autoregressive	ADJ
dem-5678	179	36	panel	panel	NOUN
dem-5678	179	37	model	model	NOUN
dem-5678	179	38	with	with	ADP
dem-5678	179	39	fixed	fix	VERB
dem-5678	179	40	effects	effect	NOUN
dem-5678	179	41	,	,	PUNCT
dem-5678	179	42	and	and	CCONJ
dem-5678	179	43	the	the	DET
dem-5678	179	44	spatial	spatial	ADJ
dem-5678	179	45	error	error	NOUN
dem-5678	179	46	panel	panel	NOUN
dem-5678	179	47	model	model	NOUN
dem-5678	179	48	with	with	ADP
dem-5678	179	49	fixed	fix	VERB
dem-5678	179	50	effects	effect	NOUN
dem-5678	179	51	.	.	PUNCT
dem-5678	180	1	just	just	ADV
dem-5678	180	2	as	as	ADP
dem-5678	180	3	in	in	ADP
dem-5678	180	4	the	the	DET
dem-5678	180	5	pooled	pooled	ADJ
dem-5678	180	6	time	time	NOUN
dem-5678	180	7	and	and	CCONJ
dem-5678	180	8	cross	cross	ADJ
dem-5678	180	9	-	-	ADJ
dem-5678	180	10	sectional	sectional	ADJ
dem-5678	180	11	data	data	NOUN
dem-5678	180	12	models	model	NOUN
dem-5678	180	13	also	also	ADV
dem-5678	180	14	in	in	ADP
dem-5678	180	15	the	the	DET
dem-5678	180	16	panel	panel	NOUN
dem-5678	180	17	data	data	NOUN
dem-5678	180	18	models	model	VERB
dem-5678	180	19	the	the	DET
dem-5678	180	20	connections	connection	NOUN
dem-5678	180	21	among	among	ADP
dem-5678	180	22	the	the	DET
dem-5678	180	23	stock	stock	NOUN
dem-5678	180	24	exchanges	exchange	NOUN
dem-5678	180	25	in	in	ADP
dem-5678	180	26	two	two	NUM
dem-5678	180	27	variants	variant	NOUN
dem-5678	180	28	(	(	PUNCT
dem-5678	180	29	connections	connection	NOUN
dem-5678	180	30	according	accord	VERB
dem-5678	180	31	to	to	ADP
dem-5678	180	32	geographical	geographical	ADJ
dem-5678	180	33	/	/	SYM
dem-5678	180	34	economic	economic	ADJ
dem-5678	180	35	distance	distance	NOUN
dem-5678	180	36	)	)	PUNCT
dem-5678	180	37	were	be	AUX
dem-5678	180	38	taken	take	VERB
dem-5678	180	39	into	into	ADP
dem-5678	180	40	elżbieta	elżbieta	PROPN
dem-5678	180	41	szulc	szulc	PROPN
dem-5678	180	42	,	,	PUNCT
dem-5678	180	43	dagna	dagna	VERB
dem-5678	180	44	wleklińska	wleklińska	NOUN
dem-5678	180	45	,	,	PUNCT
dem-5678	180	46	karolina	karolina	PROPN
dem-5678	180	47	górna	górna	PROPN
dem-5678	180	48	,	,	PUNCT
dem-5678	180	49	joanna	joanna	PROPN
dem-5678	180	50	górna	górna	PROPN
dem-5678	180	51	dynamic	dynamic	ADJ
dem-5678	180	52	econometric	econometric	ADJ
dem-5678	180	53	models	model	NOUN
dem-5678	180	54	14	14	NUM
dem-5678	180	55	(	(	PUNCT
dem-5678	180	56	2014	2014	NUM
dem-5678	180	57	)	)	PUNCT
dem-5678	181	1	125–144	125–144	NUM
dem-5678	181	2	140	140	NUM
dem-5678	181	3	account	account	NOUN
dem-5678	181	4	.	.	PUNCT
dem-5678	182	1	fixed	fix	VERB
dem-5678	182	2	effects	effect	NOUN
dem-5678	182	3	are	be	AUX
dem-5678	182	4	significant	significant	ADJ
dem-5678	182	5	in	in	ADP
dem-5678	182	6	the	the	DET
dem-5678	182	7	considered	consider	VERB
dem-5678	182	8	models	model	NOUN
dem-5678	182	9	.	.	PUNCT
dem-5678	183	1	it	it	PRON
dem-5678	183	2	means	mean	VERB
dem-5678	183	3	that	that	SCONJ
dem-5678	183	4	individual	individual	ADJ
dem-5678	183	5	characteristics	characteristic	NOUN
dem-5678	183	6	of	of	ADP
dem-5678	183	7	every	every	DET
dem-5678	183	8	exchange	exchange	NOUN
dem-5678	183	9	are	be	AUX
dem-5678	183	10	valid	valid	ADJ
dem-5678	183	11	for	for	ADP
dem-5678	183	12	their	their	PRON
dem-5678	183	13	convergence	convergence	NOUN
dem-5678	183	14	.	.	PUNCT
dem-5678	184	1	table	table	NOUN
dem-5678	184	2	4	4	NUM
dem-5678	184	3	.	.	PUNCT
dem-5678	184	4	results	result	NOUN
dem-5678	184	5	of	of	ADP
dem-5678	184	6	the	the	DET
dem-5678	184	7	estimation	estimation	NOUN
dem-5678	184	8	and	and	CCONJ
dem-5678	184	9	verification	verification	NOUN
dem-5678	184	10	of	of	ADP
dem-5678	184	11	panel	panel	NOUN
dem-5678	184	12	models	model	NOUN
dem-5678	184	13	with	with	ADP
dem-5678	184	14	fixed	fix	VERB
dem-5678	184	15	effects	effect	NOUN
dem-5678	184	16	–	–	PUNCT
dem-5678	184	17	variant	variant	NOUN
dem-5678	184	18	i	i	PRON
dem-5678	184	19	fe_ind	fe_ind	NOUN
dem-5678	184	20	sar_fe_ind	sar_fe_ind	NUM
dem-5678	184	21	se_fe_ind	se_fe_ind	PROPN
dem-5678	184	22	parameters	parameter	NOUN
dem-5678	184	23			NUM
dem-5678	184	24			PROPN
dem-5678	184	25			X
dem-5678	184	26			ADJ
dem-5678	184	27	–	–	PUNCT
dem-5678	184	28	1.5352	1.5352	NUM
dem-5678	184	29	(	(	PUNCT
dem-5678	184	30	0.0000	0.0000	NUM
dem-5678	184	31	)	)	PUNCT
dem-5678	184	32	–	–	PUNCT
dem-5678	184	33	0.8535	0.8535	NUM
dem-5678	184	34	(	(	PUNCT
dem-5678	184	35	0.0000	0.0000	NUM
dem-5678	184	36	)	)	PUNCT
dem-5678	184	37	–	–	PUNCT
dem-5678	184	38	–	–	PUNCT
dem-5678	184	39	–	–	PUNCT
dem-5678	184	40	1.2475	1.2475	NUM
dem-5678	184	41	(	(	PUNCT
dem-5678	184	42	0.1027	0.1027	NUM
dem-5678	184	43	)	)	PUNCT
dem-5678	184	44	–	–	PUNCT
dem-5678	184	45	0.6956	0.6956	NUM
dem-5678	184	46	(	(	PUNCT
dem-5678	184	47	0.0510	0.0510	NUM
dem-5678	184	48	)	)	PUNCT
dem-5678	184	49	0.5141	0.5141	NUM
dem-5678	184	50	(	(	PUNCT
dem-5678	184	51	0.0000	0.0000	NUM
dem-5678	184	52	)	)	PUNCT
dem-5678	184	53	–	–	PUNCT
dem-5678	184	54	–	–	PUNCT
dem-5678	184	55	1.3614	1.3614	NUM
dem-5678	184	56	(	(	PUNCT
dem-5678	184	57	0.0000	0.0000	NUM
dem-5678	184	58	)	)	PUNCT
dem-5678	184	59	–	–	PUNCT
dem-5678	185	1	0.7559	0.7559	NUM
dem-5678	185	2	(	(	PUNCT
dem-5678	185	3	0.0000	0.0000	NUM
dem-5678	185	4	)	)	PUNCT
dem-5678	185	5	–	–	PUNCT
dem-5678	185	6	0.6723	0.6723	NUM
dem-5678	185	7	(	(	PUNCT
dem-5678	185	8	0.0000	0.0000	NUM
dem-5678	185	9	)	)	PUNCT
dem-5678	185	10	goodness	goodness	NOUN
dem-5678	185	11	of	of	ADP
dem-5678	185	12	fit	fit	ADJ
dem-5678	185	13	adjusted	adjust	VERB
dem-5678	185	14	r2	r2	NOUN
dem-5678	185	15	aic	aic	PROPN
dem-5678	185	16	0.3629	0.3629	NUM
dem-5678	185	17	–	–	PUNCT
dem-5678	185	18	260.7000	260.7000	NUM
dem-5678	185	19	–	–	PUNCT
dem-5678	185	20	–	–	PUNCT
dem-5678	185	21	327.3200	327.3200	NUM
dem-5678	185	22	–	–	PUNCT
dem-5678	185	23	–	–	PUNCT
dem-5678	185	24	328.9800	328.9800	NUM
dem-5678	185	25	heteroskedasticity	heteroskedasticity	NOUN
dem-5678	185	26	breuch	breuch	ADV
dem-5678	185	27	-	-	PUNCT
dem-5678	185	28	pagan	pagan	VERB
dem-5678	185	29	test	test	NOUN
dem-5678	185	30	98.3157	98.3157	NUM
dem-5678	185	31	(	(	PUNCT
dem-5678	185	32	0.0000	0.0000	NUM
dem-5678	185	33	)	)	PUNCT
dem-5678	185	34	99.3100	99.3100	NUM
dem-5678	185	35	(	(	PUNCT
dem-5678	185	36	0.0000	0.0000	NUM
dem-5678	185	37	)	)	PUNCT
dem-5678	185	38	96.7010	96.7010	NUM
dem-5678	185	39	(	(	PUNCT
dem-5678	185	40	0.0000	0.0000	NUM
dem-5678	185	41	)	)	PUNCT
dem-5678	185	42	autocorrelation	autocorrelation	NOUN
dem-5678	185	43	of	of	ADP
dem-5678	185	44	residuals	residual	NOUN
dem-5678	185	45	moran	moran	PROPN
dem-5678	185	46	test	test	PROPN
dem-5678	185	47	13.5916	13.5916	NUM
dem-5678	185	48	(	(	PUNCT
dem-5678	185	49	0.0000	0.0000	NUM
dem-5678	185	50	)	)	PUNCT
dem-5678	185	51	13.5916	13.5916	NUM
dem-5678	185	52	(	(	PUNCT
dem-5678	185	53	0.0374	0.0374	NUM
dem-5678	185	54	)	)	PUNCT
dem-5678	185	55	–	–	PUNCT
dem-5678	185	56	0.4039	0.4039	NUM
dem-5678	185	57	(	(	PUNCT
dem-5678	185	58	0.3432	0.3432	NUM
dem-5678	185	59	)	)	PUNCT
dem-5678	185	60	spatial	spatial	ADJ
dem-5678	185	61	dependence	dependence	NOUN
dem-5678	185	62	lr	lr	PROPN
dem-5678	185	63	lmlag	lmlag	NOUN
dem-5678	185	64	lmerr	lmerr	PROPN
dem-5678	185	65	rlmlag	rlmlag	NOUN
dem-5678	185	66	rlmerr	rlmerr	NOUN
dem-5678	185	67	–	–	PUNCT
dem-5678	185	68	122.7834	122.7834	NUM
dem-5678	185	69	(	(	PUNCT
dem-5678	185	70	0.0000	0.0000	NUM
dem-5678	185	71	)	)	PUNCT
dem-5678	185	72	171.3005	171.3005	NUM
dem-5678	185	73	(	(	PUNCT
dem-5678	185	74	0.0000	0.0000	NUM
dem-5678	185	75	)	)	PUNCT
dem-5678	185	76	68.6220	68.6220	NUM
dem-5678	185	77	(	(	PUNCT
dem-5678	185	78	0.0000	0.0000	NUM
dem-5678	185	79	)	)	PUNCT
dem-5678	185	80	–	–	PUNCT
dem-5678	185	81	–	–	PUNCT
dem-5678	185	82	62.2343	62.2343	NUM
dem-5678	185	83	(	(	PUNCT
dem-5678	185	84	0.0000	0.0000	NUM
dem-5678	185	85	)	)	PUNCT
dem-5678	185	86	–	–	PUNCT
dem-5678	185	87	70.2730	70.2730	NUM
dem-5678	185	88	(	(	PUNCT
dem-5678	185	89	0.0000	0.0000	NUM
dem-5678	185	90	)	)	PUNCT
dem-5678	185	91	–	–	PUNCT
dem-5678	185	92	–	–	PUNCT
dem-5678	185	93	–	–	PUNCT
dem-5678	185	94	13.7172	13.7172	NUM
dem-5678	185	95	(	(	PUNCT
dem-5678	185	96	0.0002	0.0002	NUM
dem-5678	185	97	)	)	PUNCT
dem-5678	185	98	chow	chow	PROPN
dem-5678	185	99	test	test	NOUN
dem-5678	185	100	f	f	PROPN
dem-5678	185	101	–	–	PUNCT
dem-5678	185	102	87.4795	87.4795	NUM
dem-5678	185	103	(	(	PUNCT
dem-5678	185	104	0.0000	0.0000	NUM
dem-5678	185	105	)	)	PUNCT
dem-5678	185	106	482.3193	482.3193	NUM
dem-5678	185	107	(	(	PUNCT
dem-5678	185	108	0.0000	0.0000	NUM
dem-5678	185	109	)	)	PUNCT
dem-5678	185	110	speed	speed	NOUN
dem-5678	185	111	of	of	ADP
dem-5678	185	112	convergence	convergence	NOUN
dem-5678	185	113	half	half	ADJ
dem-5678	185	114	-	-	PUNCT
dem-5678	185	115	life	life	NOUN
dem-5678	186	1	0.2400	0.2400	NUM
dem-5678	186	2	2.89	2.89	NUM
dem-5678	186	3	0.1489	0.1489	NUM
dem-5678	186	4	4.65	4.65	NUM
dem-5678	186	5	0.1763	0.1763	NUM
dem-5678	186	6	3.93	3.93	NUM
dem-5678	186	7	note	note	NOUN
dem-5678	186	8	:	:	PUNCT
dem-5678	186	9	numbers	number	NOUN
dem-5678	186	10	in	in	ADP
dem-5678	186	11	brackets	bracket	NOUN
dem-5678	186	12	refer	refer	VERB
dem-5678	186	13	to	to	ADP
dem-5678	186	14	the	the	DET
dem-5678	186	15	p	p	NOUN
dem-5678	186	16	-	-	PUNCT
dem-5678	186	17	values	value	NOUN
dem-5678	186	18	.	.	PUNCT
dem-5678	187	1	diagnostics	diagnostic	NOUN
dem-5678	187	2	for	for	ADP
dem-5678	187	3	the	the	DET
dem-5678	187	4	considered	consider	VERB
dem-5678	187	5	models	model	NOUN
dem-5678	187	6	suggest	suggest	VERB
dem-5678	187	7	that	that	SCONJ
dem-5678	187	8	the	the	DET
dem-5678	187	9	classical	classical	ADJ
dem-5678	187	10	panel	panel	NOUN
dem-5678	187	11	model	model	NOUN
dem-5678	187	12	is	be	AUX
dem-5678	187	13	the	the	DET
dem-5678	187	14	worst	bad	ADJ
dem-5678	187	15	of	of	ADP
dem-5678	187	16	them	they	PRON
dem-5678	187	17	.	.	PUNCT
dem-5678	188	1	in	in	ADP
dem-5678	188	2	this	this	DET
dem-5678	188	3	case	case	NOUN
dem-5678	188	4	,	,	PUNCT
dem-5678	188	5	the	the	DET
dem-5678	188	6	breusch	breusch	ADJ
dem-5678	188	7	-	-	PUNCT
dem-5678	188	8	pagan	pagan	VERB
dem-5678	188	9	statistic	statistic	NOUN
dem-5678	188	10	is	be	AUX
dem-5678	188	11	significant	significant	ADJ
dem-5678	188	12	,	,	PUNCT
dem-5678	188	13	leading	lead	VERB
dem-5678	188	14	to	to	ADP
dem-5678	188	15	rejecting	reject	VERB
dem-5678	188	16	the	the	DET
dem-5678	188	17	model	model	NOUN
dem-5678	188	18	assumption	assumption	NOUN
dem-5678	188	19	of	of	ADP
dem-5678	188	20	homoskedasticity	homoskedasticity	NOUN
dem-5678	188	21	.	.	PUNCT
dem-5678	189	1	in	in	ADP
dem-5678	189	2	the	the	DET
dem-5678	189	3	significance	significance	NOUN
dem-5678	189	4	of	of	ADP
dem-5678	189	5	distance	distance	NOUN
dem-5678	189	6	between	between	ADP
dem-5678	189	7	stock	stock	NOUN
dem-5678	189	8	exchanges	exchange	NOUN
dem-5678	189	9	…	…	PUNCT
dem-5678	189	10	dynamic	dynamic	ADJ
dem-5678	189	11	econometric	econometric	ADJ
dem-5678	189	12	models	model	NOUN
dem-5678	189	13	14	14	NUM
dem-5678	189	14	(	(	PUNCT
dem-5678	189	15	2014	2014	NUM
dem-5678	189	16	)	)	PUNCT
dem-5678	189	17	125–144	125–144	NUM
dem-5678	189	18	141	141	NUM
dem-5678	189	19	addition	addition	NOUN
dem-5678	189	20	,	,	PUNCT
dem-5678	189	21	on	on	ADP
dem-5678	189	22	the	the	DET
dem-5678	189	23	basis	basis	NOUN
dem-5678	189	24	of	of	ADP
dem-5678	189	25	the	the	DET
dem-5678	189	26	moran	moran	PROPN
dem-5678	189	27	test	test	NOUN
dem-5678	189	28	the	the	DET
dem-5678	189	29	hypothesis	hypothesis	NOUN
dem-5678	189	30	of	of	ADP
dem-5678	189	31	independence	independence	NOUN
dem-5678	189	32	of	of	ADP
dem-5678	189	33	the	the	DET
dem-5678	189	34	model	model	NOUN
dem-5678	189	35	residuals	residual	NOUN
dem-5678	189	36	should	should	AUX
dem-5678	189	37	be	be	AUX
dem-5678	189	38	rejected	reject	VERB
dem-5678	189	39	.	.	PUNCT
dem-5678	190	1	table	table	NOUN
dem-5678	190	2	5	5	NUM
dem-5678	190	3	.	.	PUNCT
dem-5678	191	1	results	result	NOUN
dem-5678	191	2	of	of	ADP
dem-5678	191	3	the	the	DET
dem-5678	191	4	estimation	estimation	NOUN
dem-5678	191	5	and	and	CCONJ
dem-5678	191	6	verification	verification	NOUN
dem-5678	191	7	of	of	ADP
dem-5678	191	8	panel	panel	NOUN
dem-5678	191	9	models	model	NOUN
dem-5678	191	10	with	with	ADP
dem-5678	191	11	fixed	fix	VERB
dem-5678	191	12	effects	effect	NOUN
dem-5678	191	13	–	–	PUNCT
dem-5678	191	14	variant	variant	NOUN
dem-5678	191	15	ii	ii	NOUN
dem-5678	191	16	fe_ind	fe_ind	PROPN
dem-5678	191	17	sar_fe_ind	sar_fe_ind	PUNCT
dem-5678	191	18	se_fe_ind	se_fe_ind	PROPN
dem-5678	191	19	parameters	parameter	NOUN
dem-5678	191	20			NUM
dem-5678	191	21			PROPN
dem-5678	191	22			X
dem-5678	191	23			ADJ
dem-5678	191	24	–	–	PUNCT
dem-5678	191	25	1.5352	1.5352	NUM
dem-5678	191	26	(	(	PUNCT
dem-5678	191	27	0.0000	0.0000	NUM
dem-5678	191	28	)	)	PUNCT
dem-5678	191	29	–	–	PUNCT
dem-5678	191	30	0.8535	0.8535	NUM
dem-5678	191	31	(	(	PUNCT
dem-5678	191	32	0.0000	0.0000	NUM
dem-5678	191	33	)	)	PUNCT
dem-5678	191	34	–	–	PUNCT
dem-5678	191	35	–	–	PUNCT
dem-5678	191	36	–	–	PUNCT
dem-5678	191	37	1.2113	1.2113	NUM
dem-5678	191	38	(	(	PUNCT
dem-5678	191	39	0.0000	0.0000	NUM
dem-5678	191	40	)	)	PUNCT
dem-5678	191	41	–	–	PUNCT
dem-5678	191	42	0.6740	0.6740	NUM
dem-5678	191	43	(	(	PUNCT
dem-5678	191	44	0.0000	0.0000	NUM
dem-5678	191	45	)	)	PUNCT
dem-5678	191	46	0.6129	0.6129	NUM
dem-5678	191	47	(	(	PUNCT
dem-5678	191	48	0.0000	0.0000	NUM
dem-5678	191	49	)	)	PUNCT
dem-5678	191	50	–	–	PUNCT
dem-5678	191	51	–	–	PUNCT
dem-5678	191	52	1.3165	1.3165	NUM
dem-5678	191	53	(	(	PUNCT
dem-5678	191	54	0.0000	0.0000	NUM
dem-5678	191	55	)	)	PUNCT
dem-5678	191	56	–	–	PUNCT
dem-5678	191	57	0.7465	0.7465	NUM
dem-5678	191	58	(	(	PUNCT
dem-5678	191	59	0.0000	0.0000	NUM
dem-5678	191	60	)	)	PUNCT
dem-5678	191	61	–	–	PUNCT
dem-5678	191	62	0.8174	0.8174	NUM
dem-5678	191	63	(	(	PUNCT
dem-5678	191	64	0.0000	0.0000	NUM
dem-5678	191	65	)	)	PUNCT
dem-5678	191	66	goodness	goodness	NOUN
dem-5678	191	67	of	of	ADP
dem-5678	191	68	fit	fit	ADJ
dem-5678	191	69	adjusted	adjust	VERB
dem-5678	191	70	r2	r2	NOUN
dem-5678	191	71	aic	aic	PROPN
dem-5678	191	72	0.3629	0.3629	NUM
dem-5678	191	73	–	–	PUNCT
dem-5678	191	74	260.7000	260.7000	NUM
dem-5678	191	75	–	–	PUNCT
dem-5678	191	76	–	–	PUNCT
dem-5678	191	77	336.8200	336.8200	NUM
dem-5678	191	78	–	–	PUNCT
dem-5678	191	79	–	–	PUNCT
dem-5678	191	80	350.8200	350.8200	NUM
dem-5678	191	81	heteroskedasticity	heteroskedasticity	NOUN
dem-5678	191	82	breuch	breuch	ADV
dem-5678	191	83	-	-	PUNCT
dem-5678	191	84	pagan	pagan	VERB
dem-5678	191	85	test	test	NOUN
dem-5678	191	86	98.3157	98.3157	NUM
dem-5678	191	87	(	(	PUNCT
dem-5678	191	88	0.0000	0.0000	NUM
dem-5678	191	89	)	)	PUNCT
dem-5678	191	90	98.5343	98.5343	NUM
dem-5678	191	91	(	(	PUNCT
dem-5678	191	92	0.0000	0.0000	NUM
dem-5678	191	93	)	)	PUNCT
dem-5678	191	94	95.8613	95.8613	NUM
dem-5678	191	95	(	(	PUNCT
dem-5678	191	96	0.0000	0.0000	NUM
dem-5678	191	97	)	)	PUNCT
dem-5678	191	98	autocorrelation	autocorrelation	NOUN
dem-5678	191	99	of	of	ADP
dem-5678	191	100	residuals	residual	NOUN
dem-5678	191	101	moran	moran	PROPN
dem-5678	191	102	test	test	NOUN
dem-5678	191	103	18.8266	18.8266	NUM
dem-5678	191	104	(	(	PUNCT
dem-5678	191	105	0.0000	0.0000	NUM
dem-5678	191	106	)	)	PUNCT
dem-5678	191	107	5.6920	5.6920	NUM
dem-5678	191	108	(	(	PUNCT
dem-5678	191	109	0.0000	0.0000	NUM
dem-5678	191	110	)	)	PUNCT
dem-5678	191	111	3.9209	3.9209	NUM
dem-5678	191	112	(	(	PUNCT
dem-5678	191	113	0.0000	0.0000	NUM
dem-5678	191	114	)	)	PUNCT
dem-5678	191	115	spatial	spatial	ADJ
dem-5678	191	116	dependence	dependence	NOUN
dem-5678	191	117	lr	lr	PROPN
dem-5678	191	118	lmlag	lmlag	NOUN
dem-5678	191	119	lmerr	lmerr	PROPN
dem-5678	191	120	rlmlag	rlmlag	NOUN
dem-5678	191	121	rlmerr	rlmerr	NOUN
dem-5678	191	122	–	–	PUNCT
dem-5678	191	123	184.0365	184.0365	NUM
dem-5678	191	124	(	(	PUNCT
dem-5678	191	125	0.0000	0.0000	NUM
dem-5678	191	126	)	)	PUNCT
dem-5678	191	127	311.6529	311.6529	NUM
dem-5678	191	128	(	(	PUNCT
dem-5678	191	129	0.0000	0.0000	NUM
dem-5678	191	130	)	)	PUNCT
dem-5678	191	131	78.1170	78.1170	NUM
dem-5678	191	132	(	(	PUNCT
dem-5678	191	133	0.0000	0.0000	NUM
dem-5678	191	134	)	)	PUNCT
dem-5678	191	135	–	–	PUNCT
dem-5678	191	136	–	–	PUNCT
dem-5678	191	137	17.7730	17.7730	NUM
dem-5678	191	138	(	(	PUNCT
dem-5678	191	139	0.0000	0.0000	NUM
dem-5678	191	140	)	)	PUNCT
dem-5678	191	141	–	–	PUNCT
dem-5678	191	142	92.1220	92.1220	NUM
dem-5678	191	143	(	(	PUNCT
dem-5678	191	144	0.0000	0.0000	NUM
dem-5678	191	145	)	)	PUNCT
dem-5678	191	146	–	–	PUNCT
dem-5678	191	147	–	–	PUNCT
dem-5678	191	148	–	–	PUNCT
dem-5678	191	149	145.3894	145.3894	NUM
dem-5678	191	150	(	(	PUNCT
dem-5678	191	151	0.0000	0.0000	NUM
dem-5678	191	152	)	)	PUNCT
dem-5678	191	153	chow	chow	PROPN
dem-5678	191	154	test	test	NOUN
dem-5678	191	155	f	f	PROPN
dem-5678	191	156	–	–	PUNCT
dem-5678	191	157	83.2527	83.2527	NUM
dem-5678	191	158	(	(	PUNCT
dem-5678	191	159	0.0000	0.0000	NUM
dem-5678	191	160	)	)	PUNCT
dem-5678	191	161	95.0155	95.0155	NUM
dem-5678	191	162	(	(	PUNCT
dem-5678	191	163	0.0000	0.0000	NUM
dem-5678	191	164	)	)	PUNCT
dem-5678	191	165	speed	speed	NOUN
dem-5678	191	166	of	of	ADP
dem-5678	191	167	convergence	convergence	NOUN
dem-5678	191	168	half	half	ADJ
dem-5678	191	169	-	-	PUNCT
dem-5678	191	170	life	life	NOUN
dem-5678	192	1	0.2400	0.2400	NUM
dem-5678	192	2	2.89	2.89	NUM
dem-5678	192	3	0.1401	0.1401	NUM
dem-5678	192	4	4.95	4.95	NUM
dem-5678	192	5	0.1715	0.1715	NUM
dem-5678	192	6	4.04	4.04	NUM
dem-5678	192	7	note	note	NOUN
dem-5678	192	8	:	:	PUNCT
dem-5678	192	9	numbers	number	NOUN
dem-5678	192	10	in	in	ADP
dem-5678	192	11	brackets	bracket	NOUN
dem-5678	192	12	refer	refer	VERB
dem-5678	192	13	to	to	ADP
dem-5678	192	14	the	the	DET
dem-5678	192	15	p	p	NOUN
dem-5678	192	16	-	-	PUNCT
dem-5678	192	17	values	value	NOUN
dem-5678	192	18	.	.	PUNCT
dem-5678	193	1	the	the	DET
dem-5678	193	2	necessity	necessity	NOUN
dem-5678	193	3	of	of	ADP
dem-5678	193	4	model	model	NOUN
dem-5678	193	5	re	re	NOUN
dem-5678	193	6	-	-	NOUN
dem-5678	193	7	specifications	specification	NOUN
dem-5678	193	8	towards	towards	ADP
dem-5678	193	9	the	the	DET
dem-5678	193	10	spatial	spatial	ADJ
dem-5678	193	11	panel	panel	NOUN
dem-5678	193	12	models	model	NOUN
dem-5678	193	13	was	be	AUX
dem-5678	193	14	also	also	ADV
dem-5678	193	15	confirmed	confirm	VERB
dem-5678	193	16	by	by	ADP
dem-5678	193	17	the	the	DET
dem-5678	193	18	lagrange	lagrange	NOUN
dem-5678	193	19	multiplier	multipli	ADJ
dem-5678	193	20	tests	test	NOUN
dem-5678	193	21	.	.	PUNCT
dem-5678	194	1	all	all	DET
dem-5678	194	2	the	the	DET
dem-5678	194	3	tests	test	NOUN
dem-5678	194	4	are	be	AUX
dem-5678	194	5	statistically	statistically	ADV
dem-5678	194	6	significant	significant	ADJ
dem-5678	194	7	and	and	CCONJ
dem-5678	194	8	unfortunately	unfortunately	ADV
dem-5678	194	9	robust	robust	ADJ
dem-5678	194	10	versions	version	NOUN
dem-5678	194	11	of	of	ADP
dem-5678	194	12	the	the	DET
dem-5678	194	13	tests	test	NOUN
dem-5678	194	14	do	do	AUX
dem-5678	194	15	not	not	PART
dem-5678	194	16	provide	provide	VERB
dem-5678	194	17	unambiguous	unambiguous	ADJ
dem-5678	194	18	conclusions	conclusion	NOUN
dem-5678	194	19	on	on	ADP
dem-5678	194	20	what	what	DET
dem-5678	194	21	kind	kind	NOUN
dem-5678	194	22	of	of	ADP
dem-5678	194	23	the	the	DET
dem-5678	194	24	spatial	spatial	ADJ
dem-5678	194	25	connections	connection	NOUN
dem-5678	194	26	,	,	PUNCT
dem-5678	194	27	elżbieta	elżbieta	PROPN
dem-5678	194	28	szulc	szulc	PROPN
dem-5678	194	29	,	,	PUNCT
dem-5678	194	30	dagna	dagna	VERB
dem-5678	194	31	wleklińska	wleklińska	NOUN
dem-5678	194	32	,	,	PUNCT
dem-5678	194	33	karolina	karolina	PROPN
dem-5678	194	34	górna	górna	PROPN
dem-5678	194	35	,	,	PUNCT
dem-5678	194	36	joanna	joanna	PROPN
dem-5678	194	37	górna	górna	PROPN
dem-5678	194	38	dynamic	dynamic	ADJ
dem-5678	194	39	econometric	econometric	ADJ
dem-5678	194	40	models	model	NOUN
dem-5678	194	41	14	14	NUM
dem-5678	194	42	(	(	PUNCT
dem-5678	194	43	2014	2014	NUM
dem-5678	194	44	)	)	PUNCT
dem-5678	195	1	125–144	125–144	NUM
dem-5678	195	2	142	142	NUM
dem-5678	195	3	autoregressive	autoregressive	ADJ
dem-5678	195	4	or	or	CCONJ
dem-5678	195	5	error	error	NOUN
dem-5678	195	6	,	,	PUNCT
dem-5678	195	7	should	should	AUX
dem-5678	195	8	be	be	AUX
dem-5678	195	9	applied	apply	VERB
dem-5678	195	10	to	to	ADP
dem-5678	195	11	the	the	DET
dem-5678	195	12	models	model	NOUN
dem-5678	195	13	.	.	PUNCT
dem-5678	196	1	moreover	moreover	ADV
dem-5678	196	2	,	,	PUNCT
dem-5678	196	3	the	the	DET
dem-5678	196	4	significance	significance	NOUN
dem-5678	196	5	of	of	ADP
dem-5678	196	6	the	the	DET
dem-5678	196	7	spatial	spatial	ADJ
dem-5678	196	8	effects	effect	NOUN
dem-5678	196	9	with	with	ADP
dem-5678	196	10	the	the	DET
dem-5678	196	11	aid	aid	NOUN
dem-5678	196	12	of	of	ADP
dem-5678	196	13	the	the	DET
dem-5678	196	14	lr	lr	NOUN
dem-5678	196	15	test	test	NOUN
dem-5678	196	16	has	have	AUX
dem-5678	196	17	been	be	AUX
dem-5678	196	18	confirmed	confirm	VERB
dem-5678	196	19	.	.	PUNCT
dem-5678	197	1	for	for	ADP
dem-5678	197	2	investigating	investigate	VERB
dem-5678	197	3	the	the	DET
dem-5678	197	4	reasonableness	reasonableness	NOUN
dem-5678	197	5	of	of	ADP
dem-5678	197	6	including	include	VERB
dem-5678	197	7	the	the	DET
dem-5678	197	8	fixed	fix	VERB
dem-5678	197	9	effects	effect	NOUN
dem-5678	197	10	in	in	ADP
dem-5678	197	11	the	the	DET
dem-5678	197	12	spatial	spatial	ADJ
dem-5678	197	13	models	model	NOUN
dem-5678	197	14	the	the	DET
dem-5678	197	15	chow	chow	PROPN
dem-5678	197	16	test	test	NOUN
dem-5678	197	17	(	(	PUNCT
dem-5678	197	18	the	the	DET
dem-5678	197	19	spatial	spatial	ADJ
dem-5678	197	20	model	model	NOUN
dem-5678	197	21	for	for	ADP
dem-5678	197	22	pooled	pool	VERB
dem-5678	197	23	tscs	tscs	ADJ
dem-5678	197	24	data	datum	NOUN
dem-5678	197	25	vs.	vs.	ADP
dem-5678	197	26	the	the	DET
dem-5678	197	27	spatial	spatial	ADJ
dem-5678	197	28	panel	panel	NOUN
dem-5678	197	29	model	model	NOUN
dem-5678	197	30	with	with	ADP
dem-5678	197	31	fixed	fix	VERB
dem-5678	197	32	effects	effect	NOUN
dem-5678	197	33	)	)	PUNCT
dem-5678	197	34	was	be	AUX
dem-5678	197	35	used	use	VERB
dem-5678	197	36	.	.	PUNCT
dem-5678	198	1	the	the	DET
dem-5678	198	2	results	result	NOUN
dem-5678	198	3	of	of	ADP
dem-5678	198	4	the	the	DET
dem-5678	198	5	chow	chow	PROPN
dem-5678	198	6	test	test	NOUN
dem-5678	198	7	have	have	AUX
dem-5678	198	8	pointed	point	VERB
dem-5678	198	9	out	out	ADP
dem-5678	198	10	the	the	DET
dem-5678	198	11	statistical	statistical	ADJ
dem-5678	198	12	significance	significance	NOUN
dem-5678	198	13	of	of	ADP
dem-5678	198	14	the	the	DET
dem-5678	198	15	fixed	fix	VERB
dem-5678	198	16	effects	effect	NOUN
dem-5678	198	17	in	in	ADP
dem-5678	198	18	the	the	DET
dem-5678	198	19	spatial	spatial	ADJ
dem-5678	198	20	autoregressive	autoregressive	ADJ
dem-5678	198	21	panel	panel	NOUN
dem-5678	198	22	model	model	NOUN
dem-5678	198	23	,	,	PUNCT
dem-5678	198	24	as	as	ADV
dem-5678	198	25	well	well	ADV
dem-5678	198	26	as	as	ADP
dem-5678	198	27	in	in	ADP
dem-5678	198	28	the	the	DET
dem-5678	198	29	panel	panel	NOUN
dem-5678	198	30	spatial	spatial	ADJ
dem-5678	198	31	error	error	NOUN
dem-5678	198	32	model	model	NOUN
dem-5678	198	33	(	(	PUNCT
dem-5678	198	34	see	see	VERB
dem-5678	198	35	tables	table	NOUN
dem-5678	198	36	4	4	NUM
dem-5678	198	37	and	and	CCONJ
dem-5678	198	38	5	5	NUM
dem-5678	198	39	)	)	PUNCT
dem-5678	198	40	.	.	PUNCT
dem-5678	199	1	taking	take	VERB
dem-5678	199	2	into	into	ADP
dem-5678	199	3	account	account	NOUN
dem-5678	199	4	the	the	DET
dem-5678	199	5	geographical	geographical	ADJ
dem-5678	199	6	connections	connection	NOUN
dem-5678	199	7	(	(	PUNCT
dem-5678	199	8	variant	variant	NOUN
dem-5678	199	9	i	i	PROPN
dem-5678	199	10	)	)	PUNCT
dem-5678	199	11	among	among	ADP
dem-5678	199	12	the	the	DET
dem-5678	199	13	investigated	investigate	VERB
dem-5678	199	14	stock	stock	NOUN
dem-5678	199	15	exchanges	exchange	NOUN
dem-5678	199	16	in	in	ADP
dem-5678	199	17	the	the	DET
dem-5678	199	18	panel	panel	NOUN
dem-5678	199	19	convergence	convergence	NOUN
dem-5678	199	20	models	model	NOUN
dem-5678	199	21	has	have	AUX
dem-5678	199	22	removed	remove	VERB
dem-5678	199	23	the	the	DET
dem-5678	199	24	problem	problem	NOUN
dem-5678	199	25	of	of	ADP
dem-5678	199	26	autocorrelation	autocorrelation	NOUN
dem-5678	199	27	of	of	ADP
dem-5678	199	28	the	the	DET
dem-5678	199	29	residuals	residual	NOUN
dem-5678	199	30	(	(	PUNCT
dem-5678	199	31	at	at	ADP
dem-5678	199	32	the	the	DET
dem-5678	199	33	level	level	NOUN
dem-5678	199	34	of	of	ADP
dem-5678	199	35	significance	significance	NOUN
dem-5678	199	36	=0.01	=0.01	NOUN
dem-5678	199	37	)	)	PUNCT
dem-5678	199	38	.	.	PUNCT
dem-5678	200	1	however	however	ADV
dem-5678	200	2	,	,	PUNCT
dem-5678	200	3	in	in	ADP
dem-5678	200	4	the	the	DET
dem-5678	200	5	case	case	NOUN
dem-5678	200	6	of	of	ADP
dem-5678	200	7	using	use	VERB
dem-5678	200	8	the	the	DET
dem-5678	200	9	matrix	matrix	NOUN
dem-5678	200	10	of	of	ADP
dem-5678	200	11	economic	economic	ADJ
dem-5678	200	12	distance	distance	NOUN
dem-5678	200	13	(	(	PUNCT
dem-5678	200	14	variant	variant	NOUN
dem-5678	200	15	ii	ii	NOUN
dem-5678	200	16	)	)	PUNCT
dem-5678	200	17	the	the	DET
dem-5678	200	18	autocorrelation	autocorrelation	NOUN
dem-5678	200	19	of	of	ADP
dem-5678	200	20	model	model	NOUN
dem-5678	200	21	residuals	residual	NOUN
dem-5678	200	22	has	have	AUX
dem-5678	200	23	not	not	PART
dem-5678	200	24	been	be	AUX
dem-5678	200	25	eliminated	eliminate	VERB
dem-5678	200	26	.	.	PUNCT
dem-5678	201	1	in	in	ADP
dem-5678	201	2	turn	turn	NOUN
dem-5678	201	3	,	,	PUNCT
dem-5678	201	4	the	the	DET
dem-5678	201	5	problem	problem	NOUN
dem-5678	201	6	of	of	ADP
dem-5678	201	7	heteroskedasticity	heteroskedasticity	NOUN
dem-5678	201	8	has	have	AUX
dem-5678	201	9	remained	remain	VERB
dem-5678	201	10	in	in	ADP
dem-5678	201	11	both	both	DET
dem-5678	201	12	cases	case	NOUN
dem-5678	201	13	.	.	PUNCT
dem-5678	202	1	therefore	therefore	ADV
dem-5678	202	2	,	,	PUNCT
dem-5678	202	3	in	in	ADP
dem-5678	202	4	further	further	ADJ
dem-5678	202	5	investigation	investigation	NOUN
dem-5678	202	6	searching	search	VERB
dem-5678	202	7	for	for	ADP
dem-5678	202	8	the	the	DET
dem-5678	202	9	spatial	spatial	ADJ
dem-5678	202	10	regimes	regime	NOUN
dem-5678	202	11	will	will	AUX
dem-5678	202	12	be	be	AUX
dem-5678	202	13	performed	perform	VERB
dem-5678	202	14	.	.	PUNCT
dem-5678	203	1	conclusions	conclusion	NOUN
dem-5678	203	2	the	the	DET
dem-5678	203	3	paper	paper	NOUN
dem-5678	203	4	's	's	PART
dem-5678	203	5	findings	finding	NOUN
dem-5678	203	6	show	show	VERB
dem-5678	203	7	that	that	SCONJ
dem-5678	203	8	including	include	VERB
dem-5678	203	9	the	the	DET
dem-5678	203	10	linkages	linkage	NOUN
dem-5678	203	11	that	that	PRON
dem-5678	203	12	result	result	VERB
dem-5678	203	13	from	from	ADP
dem-5678	203	14	physical	physical	ADJ
dem-5678	203	15	and/or	and/or	CCONJ
dem-5678	203	16	economic	economic	ADJ
dem-5678	203	17	distances	distance	NOUN
dem-5678	203	18	between	between	ADP
dem-5678	203	19	stock	stock	NOUN
dem-5678	203	20	exchanges	exchange	NOUN
dem-5678	203	21	in	in	ADP
dem-5678	203	22	the	the	DET
dem-5678	203	23	models	model	NOUN
dem-5678	203	24	of	of	ADP
dem-5678	203	25	their	their	PRON
dem-5678	203	26	convergence	convergence	NOUN
dem-5678	203	27	is	be	AUX
dem-5678	203	28	justified	justify	VERB
dem-5678	203	29	and	and	CCONJ
dem-5678	203	30	very	very	ADV
dem-5678	203	31	important	important	ADJ
dem-5678	203	32	for	for	ADP
dem-5678	203	33	the	the	DET
dem-5678	203	34	analyses	analysis	NOUN
dem-5678	203	35	of	of	ADP
dem-5678	203	36	the	the	DET
dem-5678	203	37	phenomenon	phenomenon	NOUN
dem-5678	203	38	.	.	PUNCT
dem-5678	204	1	in	in	ADP
dem-5678	204	2	other	other	ADJ
dem-5678	204	3	words	word	NOUN
dem-5678	204	4	,	,	PUNCT
dem-5678	204	5	the	the	DET
dem-5678	204	6	results	result	NOUN
dem-5678	204	7	of	of	ADP
dem-5678	204	8	the	the	DET
dem-5678	204	9	investigation	investigation	NOUN
dem-5678	204	10	provide	provide	VERB
dem-5678	204	11	evidence	evidence	NOUN
dem-5678	204	12	of	of	ADP
dem-5678	204	13	spatial	spatial	ADJ
dem-5678	204	14	effects	effect	NOUN
dem-5678	204	15	in	in	ADP
dem-5678	204	16	the	the	DET
dem-5678	204	17	empirical	empirical	ADJ
dem-5678	204	18	models	model	NOUN
dem-5678	204	19	of	of	ADP
dem-5678	204	20	stock	stock	NOUN
dem-5678	204	21	exchanges	exchange	NOUN
dem-5678	204	22	'	'	PART
dem-5678	204	23	convergence	convergence	NOUN
dem-5678	204	24	.	.	PUNCT
dem-5678	205	1	as	as	ADP
dem-5678	205	2	a	a	DET
dem-5678	205	3	result	result	NOUN
dem-5678	205	4	,	,	PUNCT
dem-5678	205	5	it	it	PRON
dem-5678	205	6	is	be	AUX
dem-5678	205	7	possible	possible	ADJ
dem-5678	205	8	to	to	PART
dem-5678	205	9	define	define	VERB
dem-5678	205	10	the	the	DET
dem-5678	205	11	influence	influence	NOUN
dem-5678	205	12	of	of	ADP
dem-5678	205	13	the	the	DET
dem-5678	205	14	distance	distance	NOUN
dem-5678	205	15	between	between	ADP
dem-5678	205	16	exchanges	exchange	NOUN
dem-5678	205	17	on	on	ADP
dem-5678	205	18	their	their	PRON
dem-5678	205	19	economic	economic	ADJ
dem-5678	205	20	development	development	NOUN
dem-5678	205	21	,	,	PUNCT
dem-5678	205	22	the	the	DET
dem-5678	205	23	estimates	estimate	NOUN
dem-5678	205	24	of	of	ADP
dem-5678	205	25	convergence	convergence	NOUN
dem-5678	205	26	parameter	parameter	NOUN
dem-5678	205	27	are	be	AUX
dem-5678	205	28	more	more	ADV
dem-5678	205	29	precise	precise	ADJ
dem-5678	205	30	,	,	PUNCT
dem-5678	205	31	and	and	CCONJ
dem-5678	205	32	some	some	DET
dem-5678	205	33	statistical	statistical	ADJ
dem-5678	205	34	properties	property	NOUN
dem-5678	205	35	of	of	ADP
dem-5678	205	36	the	the	DET
dem-5678	205	37	models	model	NOUN
dem-5678	205	38	are	be	AUX
dem-5678	205	39	better	well	ADJ
dem-5678	205	40	.	.	PUNCT
dem-5678	206	1	during	during	ADP
dem-5678	206	2	the	the	DET
dem-5678	206	3	investigation	investigation	NOUN
dem-5678	206	4	it	it	PRON
dem-5678	206	5	was	be	AUX
dem-5678	206	6	observed	observe	VERB
dem-5678	206	7	that	that	SCONJ
dem-5678	206	8	geographical	geographical	ADJ
dem-5678	206	9	distance	distance	NOUN
dem-5678	206	10	has	have	VERB
dem-5678	206	11	less	less	ADJ
dem-5678	206	12	impact	impact	NOUN
dem-5678	206	13	on	on	ADP
dem-5678	206	14	the	the	DET
dem-5678	206	15	process	process	NOUN
dem-5678	206	16	of	of	ADP
dem-5678	206	17	equalizing	equalize	VERB
dem-5678	206	18	differentiation	differentiation	NOUN
dem-5678	206	19	of	of	ADP
dem-5678	206	20	stock	stock	NOUN
dem-5678	206	21	markets	market	NOUN
dem-5678	206	22	then	then	ADV
dem-5678	206	23	the	the	DET
dem-5678	206	24	economic	economic	ADJ
dem-5678	206	25	distance	distance	NOUN
dem-5678	206	26	between	between	ADP
dem-5678	206	27	them	they	PRON
dem-5678	206	28	.	.	PUNCT
dem-5678	207	1	due	due	ADP
dem-5678	207	2	to	to	ADP
dem-5678	207	3	the	the	DET
dem-5678	207	4	heteroskedasticity	heteroskedasticity	NOUN
dem-5678	207	5	,	,	PUNCT
dem-5678	207	6	the	the	DET
dem-5678	207	7	empirical	empirical	ADJ
dem-5678	207	8	panel	panel	NOUN
dem-5678	207	9	models	model	NOUN
dem-5678	207	10	for	for	ADP
dem-5678	207	11	the	the	DET
dem-5678	207	12	exchanges	exchange	NOUN
dem-5678	207	13	investigated	investigate	VERB
dem-5678	207	14	as	as	ADP
dem-5678	207	15	a	a	DET
dem-5678	207	16	whole	whole	NOUN
dem-5678	207	17	were	be	AUX
dem-5678	207	18	not	not	PART
dem-5678	207	19	entirely	entirely	ADV
dem-5678	207	20	satisfactory	satisfactory	ADJ
dem-5678	207	21	.	.	PUNCT
dem-5678	208	1	it	it	PRON
dem-5678	208	2	means	mean	VERB
dem-5678	208	3	that	that	SCONJ
dem-5678	208	4	there	there	PRON
dem-5678	208	5	are	be	VERB
dem-5678	208	6	differentials	differential	NOUN
dem-5678	208	7	in	in	ADP
dem-5678	208	8	relationships	relationship	NOUN
dem-5678	208	9	between	between	ADP
dem-5678	208	10	objects	object	NOUN
dem-5678	208	11	considered	consider	VERB
dem-5678	208	12	and	and	CCONJ
dem-5678	208	13	their	their	PRON
dem-5678	208	14	speed	speed	NOUN
dem-5678	208	15	of	of	ADP
dem-5678	208	16	convergence	convergence	NOUN
dem-5678	208	17	.	.	PUNCT
dem-5678	209	1	thus	thus	ADV
dem-5678	209	2	,	,	PUNCT
dem-5678	209	3	in	in	ADP
dem-5678	209	4	further	further	ADJ
dem-5678	209	5	investigation	investigation	NOUN
dem-5678	209	6	the	the	DET
dem-5678	209	7	spatial	spatial	ADJ
dem-5678	209	8	regimes	regime	NOUN
dem-5678	209	9	will	will	AUX
dem-5678	209	10	be	be	AUX
dem-5678	209	11	searched	search	VERB
dem-5678	209	12	for	for	ADP
dem-5678	209	13	.	.	PUNCT
dem-5678	210	1	for	for	ADP
dem-5678	210	2	example	example	NOUN
dem-5678	210	3	,	,	PUNCT
dem-5678	210	4	we	we	PRON
dem-5678	210	5	will	will	AUX
dem-5678	210	6	investigate	investigate	VERB
dem-5678	210	7	the	the	DET
dem-5678	210	8	convergence	convergence	NOUN
dem-5678	210	9	of	of	ADP
dem-5678	210	10	the	the	DET
dem-5678	210	11	european	european	ADJ
dem-5678	210	12	,	,	PUNCT
dem-5678	210	13	asian	asian	ADJ
dem-5678	210	14	and	and	CCONJ
dem-5678	210	15	american	american	ADJ
dem-5678	210	16	stock	stock	NOUN
dem-5678	210	17	markets	market	NOUN
dem-5678	210	18	,	,	PUNCT
dem-5678	210	19	separately	separately	ADV
dem-5678	210	20	.	.	PUNCT
dem-5678	211	1	in	in	ADP
dem-5678	211	2	addition	addition	NOUN
dem-5678	211	3	,	,	PUNCT
dem-5678	211	4	we	we	PRON
dem-5678	211	5	will	will	AUX
dem-5678	211	6	continue	continue	VERB
dem-5678	211	7	the	the	DET
dem-5678	211	8	work	work	NOUN
dem-5678	211	9	on	on	ADP
dem-5678	211	10	improving	improve	VERB
dem-5678	211	11	other	other	ADJ
dem-5678	211	12	properties	property	NOUN
dem-5678	211	13	of	of	ADP
dem-5678	211	14	the	the	DET
dem-5678	211	15	empirical	empirical	ADJ
dem-5678	211	16	models	model	NOUN
dem-5678	211	17	,	,	PUNCT
dem-5678	211	18	e.g.	e.g.	ADV
dem-5678	211	19	on	on	ADP
dem-5678	211	20	removing	remove	VERB
dem-5678	211	21	the	the	DET
dem-5678	211	22	problem	problem	NOUN
dem-5678	211	23	of	of	ADP
dem-5678	211	24	autocorrelation	autocorrelation	NOUN
dem-5678	211	25	of	of	ADP
dem-5678	211	26	the	the	DET
dem-5678	211	27	residuals	residual	NOUN
dem-5678	211	28	.	.	PUNCT
dem-5678	212	1	the	the	DET
dem-5678	212	2	significance	significance	NOUN
dem-5678	212	3	of	of	ADP
dem-5678	212	4	distance	distance	NOUN
dem-5678	212	5	between	between	ADP
dem-5678	212	6	stock	stock	NOUN
dem-5678	212	7	exchanges	exchange	NOUN
dem-5678	212	8	…	…	PUNCT
dem-5678	212	9	dynamic	dynamic	ADJ
dem-5678	212	10	econometric	econometric	ADJ
dem-5678	212	11	models	model	NOUN
dem-5678	212	12	14	14	NUM
dem-5678	212	13	(	(	PUNCT
dem-5678	212	14	2014	2014	NUM
dem-5678	212	15	)	)	PUNCT
dem-5678	212	16	125–144	125–144	NUM
dem-5678	212	17	143	143	NUM
dem-5678	212	18	references	reference	NOUN
dem-5678	212	19	arbia	arbia	PROPN
dem-5678	212	20	,	,	PUNCT
dem-5678	212	21	g.	g.	PROPN
dem-5678	212	22	(	(	PUNCT
dem-5678	212	23	2006	2006	NUM
dem-5678	212	24	)	)	PUNCT
dem-5678	212	25	,	,	PUNCT
dem-5678	212	26	spatial	spatial	ADJ
dem-5678	212	27	econometrics	econometrics	NOUN
dem-5678	212	28	.	.	PUNCT
dem-5678	213	1	statistical	statistical	ADJ
dem-5678	213	2	foundations	foundation	NOUN
dem-5678	213	3	and	and	CCONJ
dem-5678	213	4	applications	application	NOUN
dem-5678	213	5	to	to	ADP
dem-5678	213	6	regional	regional	ADJ
dem-5678	213	7	convergence	convergence	NOUN
dem-5678	213	8	,	,	PUNCT
dem-5678	213	9	springer	springer	NOUN
dem-5678	213	10	-	-	PUNCT
dem-5678	213	11	verlag	verlag	PROPN
dem-5678	213	12	,	,	PUNCT
dem-5678	213	13	berlin	berlin	PROPN
dem-5678	213	14	heidelberg	heidelberg	PROPN
dem-5678	213	15	,	,	PUNCT
dem-5678	213	16	doi	doi	PROPN
dem-5678	213	17	:	:	PUNCT
dem-5678	213	18	http://dx.doi.org/10.1007/3-540-32305-8	http://dx.doi.org/10.1007/3-540-32305-8	PROPN
dem-5678	213	19	.	.	PUNCT
dem-5678	214	1	asgharian	asgharian	PROPN
dem-5678	214	2	,	,	PUNCT
dem-5678	214	3	h.	h.	PROPN
dem-5678	214	4	,	,	PUNCT
dem-5678	214	5	hess	hess	PROPN
dem-5678	214	6	,	,	PUNCT
dem-5678	214	7	w.	w.	PROPN
dem-5678	214	8	,	,	PUNCT
dem-5678	214	9	liu	liu	PROPN
dem-5678	214	10	,	,	PUNCT
dem-5678	214	11	l.	l.	PROPN
dem-5678	214	12	(	(	PUNCT
dem-5678	214	13	2013	2013	NUM
dem-5678	214	14	)	)	PUNCT
dem-5678	214	15	,	,	PUNCT
dem-5678	214	16	a	a	DET
dem-5678	214	17	spatial	spatial	ADJ
dem-5678	214	18	analysis	analysis	NOUN
dem-5678	214	19	of	of	ADP
dem-5678	214	20	international	international	ADJ
dem-5678	214	21	stock	stock	NOUN
dem-5678	214	22	market	market	NOUN
dem-5678	214	23	linkages	linkage	NOUN
dem-5678	214	24	,	,	PUNCT
dem-5678	214	25	journal	journal	NOUN
dem-5678	214	26	of	of	ADP
dem-5678	214	27	banking	banking	NOUN
dem-5678	214	28	&	&	CCONJ
dem-5678	214	29	finance	finance	PROPN
dem-5678	214	30	,	,	PUNCT
dem-5678	214	31	37(12	37(12	NUM
dem-5678	214	32	)	)	PUNCT
dem-5678	214	33	,	,	PUNCT
dem-5678	214	34	4738–4754	4738–4754	NUM
dem-5678	214	35	,	,	PUNCT
dem-5678	214	36	doi	doi	NOUN
dem-5678	214	37	:	:	PUNCT
dem-5678	214	38	http://dx.doi.org/10.1016/j.jbankfin.2013.08.015	http://dx.doi.org/10.1016/j.jbankfin.2013.08.015	PROPN
dem-5678	214	39	.	.	PROPN
dem-5678	214	40	aspergis	aspergis	PROPN
dem-5678	214	41	,	,	PUNCT
dem-5678	214	42	n.	n.	NOUN
dem-5678	214	43	,	,	PUNCT
dem-5678	214	44	christou	christou	NOUN
dem-5678	214	45	,	,	PUNCT
dem-5678	214	46	c.	c.	PROPN
dem-5678	214	47	,	,	PUNCT
dem-5678	214	48	miller	miller	PROPN
dem-5678	214	49	,	,	PUNCT
dem-5678	214	50	s.	s.	PROPN
dem-5678	214	51	m.	m.	PROPN
dem-5678	214	52	(	(	PUNCT
dem-5678	214	53	2014	2014	NUM
dem-5678	214	54	)	)	PUNCT
dem-5678	214	55	,	,	PUNCT
dem-5678	214	56	country	country	NOUN
dem-5678	214	57	and	and	CCONJ
dem-5678	214	58	industry	industry	NOUN
dem-5678	214	59	convergence	convergence	NOUN
dem-5678	214	60	of	of	ADP
dem-5678	214	61	equity	equity	NOUN
dem-5678	214	62	markets	market	NOUN
dem-5678	214	63	:	:	PUNCT
dem-5678	214	64	international	international	ADJ
dem-5678	214	65	evidence	evidence	NOUN
dem-5678	214	66	from	from	ADP
dem-5678	214	67	club	club	NOUN
dem-5678	214	68	convergence	convergence	NOUN
dem-5678	214	69	and	and	CCONJ
dem-5678	214	70	clustering	clustering	NOUN
dem-5678	214	71	,	,	PUNCT
dem-5678	214	72	the	the	DET
dem-5678	214	73	north	north	ADJ
dem-5678	214	74	american	american	ADJ
dem-5678	214	75	journal	journal	PROPN
dem-5678	214	76	of	of	ADP
dem-5678	214	77	economics	economic	NOUN
dem-5678	214	78	and	and	CCONJ
dem-5678	214	79	finance	finance	NOUN
dem-5678	214	80	,	,	PUNCT
dem-5678	214	81	29(c	29(c	NUM
dem-5678	214	82	)	)	PUNCT
dem-5678	214	83	,	,	PUNCT
dem-5678	214	84	36–58	36–58	NUM
dem-5678	214	85	.	.	PUNCT
dem-5678	215	1	baltagi	baltagi	PROPN
dem-5678	215	2	,	,	PUNCT
dem-5678	215	3	b.	b.	PROPN
dem-5678	215	4	h.	h.	PROPN
dem-5678	215	5	,	,	PUNCT
dem-5678	215	6	song	song	PROPN
dem-5678	215	7	,	,	PUNCT
dem-5678	215	8	s.	s.	PROPN
dem-5678	215	9	h.	h.	PROPN
dem-5678	215	10	,	,	PUNCT
dem-5678	215	11	koch	koch	PROPN
dem-5678	215	12	,	,	PUNCT
dem-5678	215	13	w.	w.	PROPN
dem-5678	215	14	(	(	PUNCT
dem-5678	215	15	2003	2003	NUM
dem-5678	215	16	)	)	PUNCT
dem-5678	215	17	,	,	PUNCT
dem-5678	215	18	testing	test	VERB
dem-5678	215	19	panel	panel	NOUN
dem-5678	215	20	data	datum	NOUN
dem-5678	215	21	regression	regression	NOUN
dem-5678	215	22	models	model	NOUN
dem-5678	215	23	with	with	ADP
dem-5678	215	24	spatial	spatial	ADJ
dem-5678	215	25	error	error	NOUN
dem-5678	215	26	correlation	correlation	NOUN
dem-5678	215	27	,	,	PUNCT
dem-5678	215	28	journal	journal	NOUN
dem-5678	215	29	of	of	ADP
dem-5678	215	30	econometrics	econometric	NOUN
dem-5678	215	31	,	,	PUNCT
dem-5678	215	32	117(1	117(1	NUM
dem-5678	215	33	)	)	PUNCT
dem-5678	215	34	,	,	PUNCT
dem-5678	215	35	123–150	123–150	NUM
dem-5678	215	36	,	,	PUNCT
dem-5678	215	37	doi	doi	NOUN
dem-5678	215	38	:	:	PUNCT
dem-5678	215	39	http://dx.doi.org/10.1016/s0304-4076(03)00120-9	http://dx.doi.org/10.1016/s0304-4076(03)00120-9	PROPN
dem-5678	215	40	.	.	NOUN
dem-5678	215	41	caporale	caporale	NOUN
dem-5678	215	42	,	,	PUNCT
dem-5678	215	43	g.	g.	PROPN
dem-5678	215	44	m.	m.	PROPN
dem-5678	215	45	,	,	PUNCT
dem-5678	215	46	erdogan	erdogan	PROPN
dem-5678	215	47	,	,	PUNCT
dem-5678	215	48	b.	b.	PROPN
dem-5678	215	49	,	,	PUNCT
dem-5678	215	50	kuzin	kuzin	PROPN
dem-5678	215	51	,	,	PUNCT
dem-5678	215	52	v.	v.	PROPN
dem-5678	215	53	(	(	PUNCT
dem-5678	215	54	2009	2009	NUM
dem-5678	215	55	)	)	PUNCT
dem-5678	215	56	,	,	PUNCT
dem-5678	215	57	testing	test	VERB
dem-5678	215	58	for	for	ADP
dem-5678	215	59	convergence	convergence	NOUN
dem-5678	215	60	in	in	ADP
dem-5678	215	61	stock	stock	NOUN
dem-5678	215	62	markets	market	NOUN
dem-5678	215	63	:	:	PUNCT
dem-5678	215	64	a	a	DET
dem-5678	215	65	non	non	ADJ
dem-5678	215	66	-	-	ADJ
dem-5678	215	67	linear	linear	ADJ
dem-5678	215	68	factor	factor	NOUN
dem-5678	215	69	approach	approach	NOUN
dem-5678	215	70	,	,	PUNCT
dem-5678	215	71	cesifo	cesifo	PROPN
dem-5678	215	72	working	work	VERB
dem-5678	215	73	paper	paper	PROPN
dem-5678	215	74	series	series	PROPN
dem-5678	215	75	no	no	PROPN
dem-5678	215	76	.	.	PROPN
dem-5678	215	77	2845	2845	NUM
dem-5678	215	78	,	,	PUNCT
dem-5678	215	79	doi	doi	NOUN
dem-5678	215	80	:	:	PUNCT
dem-5678	215	81	http://dx.doi.org/10.2139/ssrn.1496819	http://dx.doi.org/10.2139/ssrn.1496819	NOUN
dem-5678	215	82	.	.	PUNCT
dem-5678	216	1	fraser	fraser	NOUN
dem-5678	216	2	,	,	PUNCT
dem-5678	216	3	p.	p.	NOUN
dem-5678	216	4	,	,	PUNCT
dem-5678	216	5	helliar	helliar	ADJ
dem-5678	216	6	,	,	PUNCT
dem-5678	216	7	c.	c.	PROPN
dem-5678	216	8	v.	v.	PROPN
dem-5678	216	9	,	,	PUNCT
dem-5678	216	10	power	power	NOUN
dem-5678	216	11	,	,	PUNCT
dem-5678	216	12	d.	d.	PROPN
dem-5678	216	13	m.	m.	PROPN
dem-5678	216	14	(	(	PUNCT
dem-5678	216	15	1994	1994	NUM
dem-5678	216	16	)	)	PUNCT
dem-5678	216	17	,	,	PUNCT
dem-5678	216	18	an	an	DET
dem-5678	216	19	empirical	empirical	ADJ
dem-5678	216	20	investigation	investigation	NOUN
dem-5678	216	21	of	of	ADP
dem-5678	216	22	convergence	convergence	NOUN
dem-5678	216	23	among	among	ADP
dem-5678	216	24	european	european	ADJ
dem-5678	216	25	equity	equity	NOUN
dem-5678	216	26	markets	market	NOUN
dem-5678	216	27	,	,	PUNCT
dem-5678	216	28	applied	apply	VERB
dem-5678	216	29	financial	financial	ADJ
dem-5678	216	30	economics	economic	NOUN
dem-5678	216	31	,	,	PUNCT
dem-5678	216	32	4(2	4(2	NUM
dem-5678	216	33	)	)	PUNCT
dem-5678	216	34	,	,	PUNCT
dem-5678	216	35	149–57	149–57	NUM
dem-5678	216	36	,	,	PUNCT
dem-5678	216	37	doi	doi	NOUN
dem-5678	216	38	:	:	PUNCT
dem-5678	216	39	http://dx.doi.org/10.1080/758523959	http://dx.doi.org/10.1080/758523959	NOUN
dem-5678	216	40	.	.	PUNCT
dem-5678	217	1	haining	haining	PROPN
dem-5678	217	2	r.	r.	PROPN
dem-5678	217	3	(	(	PUNCT
dem-5678	217	4	2005	2005	NUM
dem-5678	217	5	)	)	PUNCT
dem-5678	217	6	,	,	PUNCT
dem-5678	217	7	spatial	spatial	ADJ
dem-5678	217	8	data	datum	NOUN
dem-5678	217	9	analysis	analysis	NOUN
dem-5678	217	10	.	.	PUNCT
dem-5678	218	1	theory	theory	NOUN
dem-5678	218	2	and	and	CCONJ
dem-5678	218	3	practice	practice	NOUN
dem-5678	218	4	,	,	PUNCT
dem-5678	218	5	cambridge	cambridge	PROPN
dem-5678	218	6	university	university	PROPN
dem-5678	218	7	press	press	NOUN
dem-5678	218	8	,	,	PUNCT
dem-5678	219	1	3th	3th	PROPN
dem-5678	219	2	ed	ed	NOUN
dem-5678	219	3	.	.	PROPN
dem-5678	219	4	,	,	PUNCT
dem-5678	219	5	cambridge	cambridge	PROPN
dem-5678	219	6	.	.	PUNCT
dem-5678	220	1	hellwig	hellwig	PROPN
dem-5678	220	2	,	,	PUNCT
dem-5678	220	3	z.	z.	PROPN
dem-5678	220	4	(	(	PUNCT
dem-5678	220	5	1968	1968	NUM
dem-5678	220	6	)	)	PUNCT
dem-5678	220	7	,	,	PUNCT
dem-5678	220	8	zastosowanie	zastosowanie	PROPN
dem-5678	220	9	metody	metody	PROPN
dem-5678	220	10	taksonomicznej	taksonomicznej	NOUN
dem-5678	220	11	do	do	AUX
dem-5678	220	12	typologicznego	typologicznego	VERB
dem-5678	220	13	podziału	podziału	PROPN
dem-5678	220	14	krajów	krajów	PROPN
dem-5678	220	15	ze	ze	PROPN
dem-5678	220	16	względu	względu	NOUN
dem-5678	220	17	na	na	PROPN
dem-5678	220	18	poziom	poziom	PROPN
dem-5678	220	19	ich	ich	PROPN
dem-5678	220	20	rozwoju	rozwoju	NOUN
dem-5678	220	21	oraz	oraz	PROPN
dem-5678	220	22	zasoby	zasoby	PROPN
dem-5678	221	1	i	i	PRON
dem-5678	221	2	strukturę	strukturę	NOUN
dem-5678	221	3	wykwalifikowanych	wykwalifikowanych	PROPN
dem-5678	221	4	kadr	kadr	PROPN
dem-5678	221	5	(	(	PUNCT
dem-5678	221	6	the	the	DET
dem-5678	221	7	application	application	NOUN
dem-5678	221	8	of	of	ADP
dem-5678	221	9	the	the	DET
dem-5678	221	10	taxonomic	taxonomic	ADJ
dem-5678	221	11	method	method	NOUN
dem-5678	221	12	to	to	ADP
dem-5678	221	13	the	the	DET
dem-5678	221	14	typological	typological	ADJ
dem-5678	221	15	division	division	NOUN
dem-5678	221	16	of	of	ADP
dem-5678	221	17	a	a	DET
dem-5678	221	18	countries	country	NOUN
dem-5678	221	19	due	due	ADP
dem-5678	221	20	to	to	ADP
dem-5678	221	21	their	their	PRON
dem-5678	221	22	level	level	NOUN
dem-5678	221	23	of	of	ADP
dem-5678	221	24	development	development	NOUN
dem-5678	221	25	,	,	PUNCT
dem-5678	221	26	resources	resource	NOUN
dem-5678	221	27	and	and	CCONJ
dem-5678	221	28	structure	structure	NOUN
dem-5678	221	29	of	of	ADP
dem-5678	221	30	qualified	qualified	ADJ
dem-5678	221	31	personnel	personnel	NOUN
dem-5678	221	32	)	)	PUNCT
dem-5678	221	33	,	,	PUNCT
dem-5678	221	34	przegląd	przegląd	PROPN
dem-5678	221	35	statystyczny	statystyczny	PROPN
dem-5678	221	36	(	(	PUNCT
dem-5678	221	37	statistical	statistical	ADJ
dem-5678	221	38	survey	survey	NOUN
dem-5678	221	39	)	)	PUNCT
dem-5678	221	40	,	,	PUNCT
dem-5678	221	41	4	4	NUM
dem-5678	221	42	,	,	PUNCT
dem-5678	221	43	307–327	307–327	NUM
dem-5678	221	44	.	.	PUNCT
dem-5678	222	1	koralun	koralun	PROPN
dem-5678	222	2	-	-	PUNCT
dem-5678	222	3	bereźnicka	bereźnicka	PROPN
dem-5678	222	4	,	,	PUNCT
dem-5678	222	5	j.	j.	PROPN
dem-5678	222	6	(	(	PUNCT
dem-5678	222	7	2008	2008	NUM
dem-5678	222	8	)	)	PUNCT
dem-5678	222	9	,	,	PUNCT
dem-5678	222	10	zjawisko	zjawisko	PROPN
dem-5678	222	11	konwergencji	konwergencji	PROPN
dem-5678	222	12	rynków	rynków	PROPN
dem-5678	222	13	kapitałowych	kapitałowych	NOUN
dem-5678	222	14	na	na	PART
dem-5678	222	15	rynkach	rynkach	VERB
dem-5678	222	16	europejskich	europejskich	PRON
dem-5678	222	17	(	(	PUNCT
dem-5678	222	18	the	the	DET
dem-5678	222	19	convergence	convergence	NOUN
dem-5678	222	20	of	of	ADP
dem-5678	222	21	the	the	DET
dem-5678	222	22	capital	capital	NOUN
dem-5678	222	23	markets	market	NOUN
dem-5678	222	24	in	in	ADP
dem-5678	222	25	the	the	DET
dem-5678	222	26	european	european	ADJ
dem-5678	222	27	markets	market	NOUN
dem-5678	222	28	)	)	PUNCT
dem-5678	222	29	,	,	PUNCT
dem-5678	222	30	studia	studia	PROPN
dem-5678	222	31	i	i	PRON
dem-5678	222	32	prace	prace	VERB
dem-5678	222	33	kolegium	kolegium	NOUN
dem-5678	222	34	zarządzania	zarządzania	PROPN
dem-5678	222	35	i	i	PRON
dem-5678	222	36	finansów	finansów	PROPN
dem-5678	222	37	(	(	PUNCT
dem-5678	222	38	working	work	VERB
dem-5678	222	39	papers	paper	NOUN
dem-5678	222	40	of	of	ADP
dem-5678	222	41	collegium	collegium	NOUN
dem-5678	222	42	of	of	ADP
dem-5678	222	43	finance	finance	NOUN
dem-5678	222	44	and	and	CCONJ
dem-5678	222	45	management	management	NOUN
dem-5678	222	46	)	)	PUNCT
dem-5678	222	47	,	,	PUNCT
dem-5678	222	48	szkoła	szkoła	NOUN
dem-5678	222	49	główna	główna	NOUN
dem-5678	222	50	handlowa	handlowa	NOUN
dem-5678	222	51	w	w	NOUN
dem-5678	222	52	warszawie	warszawie	PROPN
dem-5678	222	53	,	,	PUNCT
dem-5678	222	54	dom	dom	NOUN
dem-5678	222	55	wydawniczy	wydawniczy	NOUN
dem-5678	222	56	elipsa	elipsa	NOUN
dem-5678	222	57	,	,	PUNCT
dem-5678	222	58	87	87	NUM
dem-5678	222	59	,	,	PUNCT
dem-5678	222	60	87–98	87–98	NUM
dem-5678	222	61	.	.	PUNCT
dem-5678	222	62	login	login	NOUN
dem-5678	222	63	,	,	PUNCT
dem-5678	222	64	b.	b.	PROPN
dem-5678	222	65	,	,	PUNCT
dem-5678	222	66	solnik	solnik	X
dem-5678	222	67	,	,	PUNCT
dem-5678	222	68	f.	f.	PROPN
dem-5678	222	69	(	(	PUNCT
dem-5678	222	70	2001	2001	NUM
dem-5678	222	71	)	)	PUNCT
dem-5678	222	72	,	,	PUNCT
dem-5678	222	73	extreme	extreme	ADJ
dem-5678	222	74	correlation	correlation	NOUN
dem-5678	222	75	of	of	ADP
dem-5678	222	76	international	international	ADJ
dem-5678	222	77	equity	equity	NOUN
dem-5678	222	78	markets	market	NOUN
dem-5678	222	79	,	,	PUNCT
dem-5678	222	80	journal	journal	NOUN
dem-5678	222	81	of	of	ADP
dem-5678	222	82	finance	finance	NOUN
dem-5678	222	83	,	,	PUNCT
dem-5678	222	84	56(2	56(2	ADJ
dem-5678	222	85	)	)	PUNCT
dem-5678	222	86	,	,	PUNCT
dem-5678	222	87	649–676	649–676	NUM
dem-5678	222	88	,	,	PUNCT
dem-5678	222	89	doi	doi	NOUN
dem-5678	222	90	:	:	PUNCT
dem-5678	222	91	http://dx.doi.org/10.1111/0022-1082.00340	http://dx.doi.org/10.1111/0022-1082.00340	PROPN
dem-5678	222	92	.	.	PROPN
dem-5678	222	93	łuniewska	łuniewska	PROPN
dem-5678	222	94	,	,	PUNCT
dem-5678	222	95	m.	m.	NOUN
dem-5678	222	96	,	,	PUNCT
dem-5678	222	97	tarczyński	tarczyński	PROPN
dem-5678	222	98	,	,	PUNCT
dem-5678	222	99	w.	w.	NOUN
dem-5678	222	100	(	(	PUNCT
dem-5678	222	101	2006	2006	NUM
dem-5678	222	102	)	)	PUNCT
dem-5678	222	103	,	,	PUNCT
dem-5678	222	104	metody	metody	ADJ
dem-5678	222	105	wielowymiarowej	wielowymiarowej	PROPN
dem-5678	222	106	analizy	analizy	PROPN
dem-5678	222	107	porównawczej	porównawczej	PROPN
dem-5678	222	108	na	na	ADP
dem-5678	222	109	rynku	rynku	ADJ
dem-5678	222	110	kapitałowym	kapitałowym	PROPN
dem-5678	222	111	(	(	PUNCT
dem-5678	222	112	methods	method	NOUN
dem-5678	222	113	of	of	ADP
dem-5678	222	114	multidimensional	multidimensional	ADJ
dem-5678	222	115	comparative	comparative	ADJ
dem-5678	222	116	analysis	analysis	NOUN
dem-5678	222	117	in	in	ADP
dem-5678	222	118	the	the	DET
dem-5678	222	119	capital	capital	NOUN
dem-5678	222	120	market	market	NOUN
dem-5678	222	121	)	)	PUNCT
dem-5678	222	122	,	,	PUNCT
dem-5678	222	123	pwn	pwn	PROPN
dem-5678	222	124	,	,	PUNCT
dem-5678	222	125	warszawa	warszawa	PROPN
dem-5678	222	126	.	.	PUNCT
dem-5678	223	1	millo	millo	PROPN
dem-5678	223	2	,	,	PUNCT
dem-5678	223	3	g.	g.	PROPN
dem-5678	223	4	,	,	PUNCT
dem-5678	223	5	piras	piras	NOUN
dem-5678	223	6	,	,	PUNCT
dem-5678	223	7	g.	g.	PROPN
dem-5678	223	8	(	(	PUNCT
dem-5678	223	9	2012	2012	NUM
dem-5678	223	10	)	)	PUNCT
dem-5678	223	11	,	,	PUNCT
dem-5678	223	12	splm	splm	NOUN
dem-5678	223	13	:	:	PUNCT
dem-5678	223	14	spatial	spatial	ADJ
dem-5678	223	15	panel	panel	NOUN
dem-5678	223	16	data	data	NOUN
dem-5678	223	17	models	model	NOUN
dem-5678	223	18	in	in	ADP
dem-5678	223	19	r	r	NOUN
dem-5678	223	20	,	,	PUNCT
dem-5678	223	21	journal	journal	NOUN
dem-5678	223	22	of	of	ADP
dem-5678	223	23	statistical	statistical	ADJ
dem-5678	223	24	software	software	NOUN
dem-5678	223	25	,	,	PUNCT
dem-5678	223	26	47(1	47(1	NUM
dem-5678	223	27	)	)	PUNCT
dem-5678	223	28	,	,	PUNCT
dem-5678	223	29	238	238	NUM
dem-5678	223	30	.	.	PUNCT
dem-5678	223	31	mutl	mutl	NOUN
dem-5678	223	32	,	,	PUNCT
dem-5678	223	33	j.	j.	PROPN
dem-5678	223	34	,	,	PUNCT
dem-5678	223	35	pfaffermayr	pfaffermayr	PROPN
dem-5678	223	36	,	,	PUNCT
dem-5678	223	37	m.	m.	NOUN
dem-5678	223	38	(	(	PUNCT
dem-5678	223	39	2011	2011	NUM
dem-5678	223	40	)	)	PUNCT
dem-5678	223	41	,	,	PUNCT
dem-5678	223	42	the	the	DET
dem-5678	223	43	hausman	hausman	ADJ
dem-5678	223	44	test	test	NOUN
dem-5678	223	45	in	in	ADP
dem-5678	223	46	a	a	DET
dem-5678	223	47	cliff	cliff	NOUN
dem-5678	223	48	and	and	CCONJ
dem-5678	223	49	ord	ord	NOUN
dem-5678	223	50	panel	panel	NOUN
dem-5678	223	51	model	model	NOUN
dem-5678	223	52	,	,	PUNCT
dem-5678	223	53	econometrics	econometrics	NOUN
dem-5678	223	54	journal	journal	NOUN
dem-5678	223	55	,	,	PUNCT
dem-5678	223	56	14(1	14(1	NUM
dem-5678	223	57	)	)	PUNCT
dem-5678	223	58	,	,	PUNCT
dem-5678	223	59	48–76	48–76	NOUN
dem-5678	223	60	,	,	PUNCT
dem-5678	223	61	doi	doi	NOUN
dem-5678	223	62	:	:	PUNCT
dem-5678	223	63	http://dx.doi.org/10.1111/j.1368-423x.2010.00325.x	http://dx.doi.org/10.1111/j.1368-423x.2010.00325.x	NOUN
dem-5678	223	64	.	.	PUNCT
dem-5678	224	1	suchecka	suchecka	PROPN
dem-5678	224	2	,	,	PUNCT
dem-5678	224	3	j.	j.	PROPN
dem-5678	224	4	,	,	PUNCT
dem-5678	224	5	łaszkiewicz	łaszkiewicz	NOUN
dem-5678	224	6	,	,	PUNCT
dem-5678	224	7	e.	e.	PROPN
dem-5678	224	8	(	(	PUNCT
dem-5678	224	9	2011	2011	NUM
dem-5678	224	10	)	)	PUNCT
dem-5678	224	11	,	,	PUNCT
dem-5678	224	12	the	the	DET
dem-5678	224	13	influence	influence	NOUN
dem-5678	224	14	of	of	ADP
dem-5678	224	15	spatial	spatial	ADJ
dem-5678	224	16	and	and	CCONJ
dem-5678	224	17	economic	economic	ADJ
dem-5678	224	18	distance	distance	NOUN
dem-5678	224	19	on	on	ADP
dem-5678	224	20	changes	change	NOUN
dem-5678	224	21	in	in	ADP
dem-5678	224	22	the	the	DET
dem-5678	224	23	relationships	relationship	NOUN
dem-5678	224	24	between	between	ADP
dem-5678	224	25	european	european	ADJ
dem-5678	224	26	stock	stock	NOUN
dem-5678	224	27	markets	market	NOUN
dem-5678	224	28	during	during	ADP
dem-5678	224	29	the	the	DET
dem-5678	224	30	crisis	crisis	NOUN
dem-5678	224	31	of	of	ADP
dem-5678	224	32	2007–2009	2007–2009	NUM
dem-5678	224	33	,	,	PUNCT
dem-5678	224	34	acta	acta	PROPN
dem-5678	224	35	universitatis	universitatis	NOUN
dem-5678	224	36	lodziensis	lodziensis	NOUN
dem-5678	224	37	,	,	PUNCT
dem-5678	224	38	folia	folia	PROPN
dem-5678	224	39	oeconomica	oeconomica	PROPN
dem-5678	224	40	,	,	PUNCT
dem-5678	224	41	252	252	NUM
dem-5678	224	42	,	,	PUNCT
dem-5678	224	43	wydawnictwo	wydawnictwo	PROPN
dem-5678	224	44	uniwersytetu	uniwersytetu	NOUN
dem-5678	224	45	łódzkiego	łódzkiego	ADJ
dem-5678	224	46	,	,	PUNCT
dem-5678	224	47	69–84	69–84	PROPN
dem-5678	224	48	.	.	PUNCT
dem-5678	225	1	suchecki	suchecki	PROPN
dem-5678	225	2	,	,	PUNCT
dem-5678	225	3	b.	b.	PROPN
dem-5678	225	4	(	(	PUNCT
dem-5678	225	5	ed	ed	NOUN
dem-5678	225	6	.	.	PUNCT
dem-5678	225	7	)	)	PUNCT
dem-5678	226	1	(	(	PUNCT
dem-5678	226	2	2012	2012	NUM
dem-5678	226	3	)	)	PUNCT
dem-5678	226	4	,	,	PUNCT
dem-5678	226	5	ekonometria	ekonometria	PROPN
dem-5678	226	6	przestrzenna	przestrzenna	PROPN
dem-5678	226	7	ii	ii	PROPN
dem-5678	226	8	.	.	PUNCT
dem-5678	227	1	modele	modele	PROPN
dem-5678	227	2	zaawansowane	zaawansowane	PROPN
dem-5678	227	3	(	(	PUNCT
dem-5678	227	4	spatial	spatial	ADJ
dem-5678	227	5	econometrics	econometrics	PROPN
dem-5678	227	6	ii	ii	PROPN
dem-5678	227	7	.	.	PUNCT
dem-5678	228	1	advanced	advanced	ADJ
dem-5678	228	2	models	model	NOUN
dem-5678	228	3	)	)	PUNCT
dem-5678	228	4	,	,	PUNCT
dem-5678	228	5	wydawnictwo	wydawnictwo	PROPN
dem-5678	228	6	c.h.beck	c.h.beck	PROPN
dem-5678	228	7	,	,	PUNCT
dem-5678	228	8	warszawa	warszawa	PROPN
dem-5678	228	9	.	.	PUNCT
dem-5678	228	10	elżbieta	elżbieta	PROPN
dem-5678	228	11	szulc	szulc	PROPN
dem-5678	228	12	,	,	PUNCT
dem-5678	228	13	dagna	dagna	VERB
dem-5678	228	14	wleklińska	wleklińska	NOUN
dem-5678	228	15	,	,	PUNCT
dem-5678	228	16	karolina	karolina	PROPN
dem-5678	228	17	górna	górna	PROPN
dem-5678	228	18	,	,	PUNCT
dem-5678	228	19	joanna	joanna	PROPN
dem-5678	228	20	górna	górna	PROPN
dem-5678	228	21	dynamic	dynamic	ADJ
dem-5678	228	22	econometric	econometric	ADJ
dem-5678	228	23	models	model	NOUN
dem-5678	228	24	14	14	NUM
dem-5678	228	25	(	(	PUNCT
dem-5678	228	26	2014	2014	NUM
dem-5678	228	27	)	)	PUNCT
dem-5678	229	1	125–144	125–144	NUM
dem-5678	229	2	144	144	NUM
dem-5678	229	3	wiśniewski	wiśniewski	ADJ
dem-5678	229	4	,	,	PUNCT
dem-5678	229	5	t.	t.	PROPN
dem-5678	229	6	(	(	PUNCT
dem-5678	229	7	2003	2003	NUM
dem-5678	229	8	)	)	PUNCT
dem-5678	229	9	,	,	PUNCT
dem-5678	229	10	do	do	VERB
dem-5678	229	11	unii	unii	NOUN
dem-5678	229	12	europejskiej	europejskiej	PROPN
dem-5678	229	13	–	–	PUNCT
dem-5678	229	14	giełdy	giełdy	PROPN
dem-5678	229	15	krajów	krajów	PROPN
dem-5678	229	16	kandydackich	kandydackich	PROPN
dem-5678	229	17	,	,	PUNCT
dem-5678	229	18	(	(	PUNCT
dem-5678	229	19	for	for	ADP
dem-5678	229	20	the	the	DET
dem-5678	229	21	european	european	PROPN
dem-5678	229	22	union	union	PROPN
dem-5678	229	23	–	–	PUNCT
dem-5678	229	24	stock	stock	NOUN
dem-5678	229	25	exchanges	exchange	NOUN
dem-5678	229	26	of	of	ADP
dem-5678	229	27	candidate	candidate	NOUN
dem-5678	229	28	countries	country	NOUN
dem-5678	229	29	)	)	PUNCT
dem-5678	229	30	,	,	PUNCT
dem-5678	229	31	nasz	nasz	NOUN
dem-5678	229	32	rynek	rynek	NOUN
dem-5678	229	33	kapitałowy	kapitałowy	PROPN
dem-5678	229	34	(	(	PUNCT
dem-5678	229	35	our	our	PRON
dem-5678	229	36	capital	capital	NOUN
dem-5678	229	37	market	market	NOUN
dem-5678	229	38	)	)	PUNCT
dem-5678	229	39	,	,	PUNCT
dem-5678	229	40	6	6	NUM
dem-5678	229	41	,	,	PUNCT
dem-5678	229	42	22–25	22–25	NUM
dem-5678	229	43	.	.	PUNCT
dem-5678	230	1	wójcik	wójcik	PROPN
dem-5678	230	2	,	,	PUNCT
dem-5678	230	3	d.	d.	PROPN
dem-5678	230	4	(	(	PUNCT
dem-5678	230	5	2009	2009	NUM
dem-5678	230	6	)	)	PUNCT
dem-5678	230	7	,	,	PUNCT
dem-5678	230	8	the	the	DET
dem-5678	230	9	role	role	NOUN
dem-5678	230	10	of	of	ADP
dem-5678	230	11	proximity	proximity	NOUN
dem-5678	230	12	in	in	ADP
dem-5678	230	13	secondary	secondary	ADJ
dem-5678	230	14	equity	equity	NOUN
dem-5678	230	15	markets	market	NOUN
dem-5678	230	16	,	,	PUNCT
dem-5678	230	17	in	in	ADP
dem-5678	230	18	clark	clark	PROPN
dem-5678	230	19	,	,	PUNCT
dem-5678	230	20	g.	g.	PROPN
dem-5678	230	21	l.	l.	PROPN
dem-5678	230	22	,	,	PUNCT
dem-5678	230	23	dixon	dixon	PROPN
dem-5678	230	24	,	,	PUNCT
dem-5678	230	25	a.	a.	PROPN
dem-5678	230	26	d.	d.	PROPN
dem-5678	230	27	,	,	PUNCT
dem-5678	230	28	and	and	CCONJ
dem-5678	230	29	monk	monk	NOUN
dem-5678	230	30	,	,	PUNCT
dem-5678	230	31	a.	a.	PROPN
dem-5678	230	32	h.	h.	PROPN
dem-5678	230	33	b.	b.	PROPN
dem-5678	230	34	(	(	PUNCT
dem-5678	230	35	eds	eds	PROPN
dem-5678	230	36	.	.	PUNCT
dem-5678	230	37	)	)	PUNCT
dem-5678	230	38	,	,	PUNCT
dem-5678	230	39	managing	manage	VERB
dem-5678	230	40	financial	financial	ADJ
dem-5678	230	41	risk	risk	NOUN
dem-5678	230	42	.	.	PUNCT
dem-5678	231	1	from	from	ADP
dem-5678	231	2	global	global	ADJ
dem-5678	231	3	to	to	ADP
dem-5678	231	4	local	local	ADJ
dem-5678	231	5	,	,	PUNCT
dem-5678	231	6	oxford	oxford	PROPN
dem-5678	231	7	university	university	PROPN
dem-5678	231	8	press	press	NOUN
dem-5678	231	9	,	,	PUNCT
dem-5678	231	10	oxford	oxford	PROPN
dem-5678	231	11	,	,	PUNCT
dem-5678	231	12	140–162	140–162	NUM
dem-5678	231	13	,	,	PUNCT
dem-5678	231	14	doi	doi	NOUN
dem-5678	231	15	:	:	PUNCT
dem-5678	231	16	http://dx.doi.org/10.1093/acprof:oso/9780199557431.003	http://dx.doi.org/10.1093/acprof:oso/9780199557431.003	NOUN
dem-5678	231	17	.	.	PUNCT
dem-5678	232	1	znaczenie	znaczenie	PROPN
dem-5678	232	2	odległości	odległości	PROPN
dem-5678	232	3	między	między	PROPN
dem-5678	232	4	giełdami	giełdami	PROPN
dem-5678	232	5	papierów	papierów	PROPN
dem-5678	232	6	wartościowych	wartościowych	PROPN
dem-5678	232	7	w	w	PROPN
dem-5678	232	8	procesie	procesie	PROPN
dem-5678	232	9	ich	ich	PROPN
dem-5678	232	10	konwergencji	konwergencji	PROPN
dem-5678	232	11	.	.	PUNCT
dem-5678	233	1	analiza	analiza	PROPN
dem-5678	233	2	wybranych	wybranych	PROPN
dem-5678	233	3	giełd	giełd	PROPN
dem-5678	233	4	światowych	światowych	PROPN
dem-5678	233	5	w	w	PROPN
dem-5678	233	6	okresie	okresie	ADJ
dem-5678	233	7	2004–2012	2004–2012	PROPN
dem-5678	233	8	z	z	NOUN
dem-5678	233	9	a	a	DET
dem-5678	233	10	r	r	NOUN
dem-5678	233	11	y	y	PROPN
dem-5678	233	12	s	s	PROPN
dem-5678	233	13	t	t	NOUN
dem-5678	233	14	r	r	NOUN
dem-5678	233	15	e	e	PROPN
dem-5678	233	16	ś	ś	PROPN
dem-5678	233	17	c	c	PROPN
dem-5678	233	18	i.	i.	PROPN
dem-5678	233	19	artykuł	artykuł	PROPN
dem-5678	233	20	dotyczy	dotyczy	PROPN
dem-5678	233	21	analizy	analizy	PROPN
dem-5678	233	22	konwergencji	konwergencji	PROPN
dem-5678	233	23	wybranych	wybranych	PROPN
dem-5678	233	24	giełd	giełd	PROPN
dem-5678	233	25	światowych	światowych	PROPN
dem-5678	233	26	z	z	PROPN
dem-5678	233	27	punktu	punktu	PROPN
dem-5678	233	28	widzenia	widzenia	PROPN
dem-5678	233	29	poziomu	poziomu	PROPN
dem-5678	233	30	ich	ich	PROPN
dem-5678	233	31	rozwoju	rozwoju	PROPN
dem-5678	233	32	,	,	PUNCT
dem-5678	233	33	w	w	PROPN
dem-5678	233	34	kontekście	kontekście	ADJ
dem-5678	233	35	geograficznej	geograficznej	NOUN
dem-5678	234	1	i	i	PRON
dem-5678	234	2	ekonomicznej	ekonomicznej	VERB
dem-5678	234	3	odległości	odległości	NOUN
dem-5678	234	4	między	między	PROPN
dem-5678	234	5	nimi	nimi	PROPN
dem-5678	234	6	.	.	PUNCT
dem-5678	235	1	przedstawia	przedstawia	PROPN
dem-5678	235	2	podejście	podejście	PROPN
dem-5678	235	3	,	,	PUNCT
dem-5678	235	4	które	które	PROPN
dem-5678	235	5	wskazuje	wskazuje	PROPN
dem-5678	235	6	na	na	PROPN
dem-5678	235	7	potrzebę	potrzebę	PROPN
dem-5678	235	8	uwzględniania	uwzględniania	PROPN
dem-5678	235	9	przestrzennych	przestrzennych	NOUN
dem-5678	235	10	i	i	PRON
dem-5678	235	11	ekonomicznych	ekonomicznych	VERB
dem-5678	235	12	powiązań	powiązań	VERB
dem-5678	235	13	między	między	PROPN
dem-5678	235	14	rynkami	rynkami	ADV
dem-5678	235	15	giełdowymi	giełdowymi	VERB
dem-5678	235	16	w	w	PROPN
dem-5678	235	17	analizach	analizach	NOUN
dem-5678	235	18	ich	ich	PROPN
dem-5678	235	19	konwergencji	konwergencji	PROPN
dem-5678	235	20	.	.	PUNCT
dem-5678	236	1	badanie	badanie	PROPN
dem-5678	236	2	obejmuje	obejmuje	PROPN
dem-5678	236	3	46	46	NUM
dem-5678	236	4	największych	największych	PROPN
dem-5678	236	5	parkietów	parkietów	NOUN
dem-5678	236	6	,	,	PUNCT
dem-5678	236	7	analizowanych	analizowanych	VERB
dem-5678	236	8	w	w	NOUN
dem-5678	236	9	okresie	okresie	ADJ
dem-5678	236	10	2004–2012	2004–2012	NUM
dem-5678	236	11	.	.	PUNCT
dem-5678	237	1	dane	dane	PROPN
dem-5678	237	2	empiryczne	empiryczne	PROPN
dem-5678	237	3	odnoszą	odnoszą	PROPN
dem-5678	237	4	się	się	PROPN
dem-5678	237	5	do	do	VERB
dem-5678	237	6	6	6	NUM
dem-5678	237	7	zmiennych	zmiennych	NOUN
dem-5678	237	8	diagnostycznych	diagnostycznych	NOUN
dem-5678	237	9	,	,	PUNCT
dem-5678	237	10	uznanych	uznanych	PROPN
dem-5678	237	11	jako	jako	PROPN
dem-5678	237	12	ważne	ważne	VERB
dem-5678	237	13	determinanty	determinanty	PROPN
dem-5678	237	14	rozwoju	rozwoju	PROPN
dem-5678	237	15	rynków	rynków	PROPN
dem-5678	237	16	giełdowych	giełdowych	PROPN
dem-5678	237	17	.	.	PUNCT
dem-5678	238	1	s	s	PART
dem-5678	238	2	ł	ł	PROPN
dem-5678	238	3	o	o	X
dem-5678	238	4	w	w	NOUN
dem-5678	238	5	a	a	DET
dem-5678	238	6	k	k	X
dem-5678	238	7	l	l	NOUN
dem-5678	238	8	u	u	NOUN
dem-5678	239	1	c	c	NOUN
dem-5678	239	2	z	z	NOUN
dem-5678	239	3	o	o	X
dem-5678	239	4	w	w	PROPN
dem-5678	240	1	e	e	NOUN
dem-5678	240	2	:	:	PUNCT
dem-5678	240	3	giełda	giełda	NOUN
dem-5678	240	4	papierów	papierów	PROPN
dem-5678	240	5	wartościowych	wartościowych	PROPN
dem-5678	240	6	,	,	PUNCT
dem-5678	240	7	konwergencja	konwergencja	PROPN
dem-5678	240	8	,	,	PUNCT
dem-5678	240	9	odległość	odległość	NOUN
dem-5678	240	10	fizyczna	fizyczna	NOUN
dem-5678	240	11	,	,	PUNCT
dem-5678	240	12	odległość	odległość	NOUN
dem-5678	240	13	ekonomiczna	ekonomiczna	ADV
dem-5678	240	14	,	,	PUNCT
dem-5678	240	15	macierz	macierz	NOUN
dem-5678	240	16	sąsiedztwa	sąsiedztwa	NOUN
dem-5678	240	17	,	,	PUNCT
dem-5678	240	18	przestrzenne	przestrzenne	PROPN
dem-5678	240	19	modele	modele	PROPN
dem-5678	240	20	panelowe	panelowe	PROPN
dem-5678	240	21	.	.	PUNCT