id	sid	tid	token	lemma	pos
economy-574	1	1	economy	economy	NOUN
economy-574	1	2	issn	issn	VERB
economy-574	1	3	:	:	PUNCT
economy-574	1	4	2313	2313	NUM
economy-574	1	5	-	-	SYM
economy-574	1	6	8181	8181	NUM
economy-574	1	7	vol	vol	NOUN
economy-574	1	8	.	.	PROPN
economy-574	2	1	3	3	NUM
economy-574	2	2	,	,	PUNCT
economy-574	2	3	no	no	INTJ
economy-574	2	4	.	.	NOUN
economy-574	2	5	1	1	NUM
economy-574	2	6	,	,	PUNCT
economy-574	2	7	40	40	NUM
economy-574	2	8	-	-	SYM
economy-574	2	9	50	50	NUM
economy-574	2	10	,	,	PUNCT
economy-574	2	11	2016	2016	NUM
economy-574	2	12	www.asianonlinejournals.com/index.php/economy	www.asianonlinejournals.com/index.php/economy	VERB
economy-574	2	13	40	40	NUM
economy-574	2	14	determinants	determinant	NOUN
economy-574	2	15	of	of	ADP
economy-574	2	16	exchange	exchange	NOUN
economy-574	2	17	rate	rate	NOUN
economy-574	2	18	sensitivity	sensitivity	NOUN
economy-574	2	19	on	on	ADP
economy-574	2	20	the	the	DET
economy-574	2	21	nigerian	nigerian	ADJ
economy-574	2	22	manufacturing	manufacturing	NOUN
economy-574	2	23	sector	sector	NOUN
economy-574	2	24	ezeanyeji	ezeanyeji	PROPN
economy-574	2	25	clement	clement	PROPN
economy-574	2	26	i.1	i.1	PROPN
economy-574	2	27	onwuteaka	onwuteaka	PROPN
economy-574	2	28	ifeoma	ifeoma	PROPN
economy-574	2	29	.	.	PUNCT
economy-574	3	1	c.2	c.2	PROPN
economy-574	3	2	1,2	1,2	NUM
economy-574	3	3	department	department	NOUN
economy-574	3	4	of	of	ADP
economy-574	3	5	economics	economic	NOUN
economy-574	3	6	,	,	PUNCT
economy-574	3	7	faculty	faculty	NOUN
economy-574	3	8	of	of	ADP
economy-574	3	9	social	social	ADJ
economy-574	3	10	sciences	science	NOUN
economy-574	3	11	,	,	PUNCT
economy-574	3	12	chukwuemeka	chukwuemeka	PROPN
economy-574	3	13	odumegwu	odumegwu	PROPN
economy-574	3	14	ojukwu	ojukwu	PROPN
economy-574	3	15	university	university	PROPN
economy-574	3	16	,	,	PUNCT
economy-574	3	17	anambra	anambra	PROPN
economy-574	3	18	state	state	PROPN
economy-574	3	19	,	,	PUNCT
economy-574	3	20	nigeria	nigeria	PROPN
economy-574	3	21	(	(	PUNCT
economy-574	3	22			PROPN
economy-574	3	23	corresponding	correspond	VERB
economy-574	3	24	author	author	NOUN
economy-574	3	25	)	)	PUNCT
economy-574	3	26	abstract	abstract	ADP
economy-574	3	27	this	this	DET
economy-574	3	28	paper	paper	NOUN
economy-574	3	29	examines	examine	VERB
economy-574	3	30	the	the	DET
economy-574	3	31	exchange	exchange	NOUN
economy-574	3	32	rate	rate	NOUN
economy-574	3	33	sensitivity	sensitivity	NOUN
economy-574	3	34	and	and	CCONJ
economy-574	3	35	its	its	PRON
economy-574	3	36	determinants	determinant	NOUN
economy-574	3	37	with	with	ADP
economy-574	3	38	special	special	ADJ
economy-574	3	39	focus	focus	NOUN
economy-574	3	40	on	on	ADP
economy-574	3	41	the	the	DET
economy-574	3	42	nigerian	nigerian	ADJ
economy-574	3	43	manufacturing	manufacturing	NOUN
economy-574	3	44	sector	sector	NOUN
economy-574	3	45	(	(	PUNCT
economy-574	3	46	1980	1980	NUM
economy-574	3	47	-	-	SYM
economy-574	3	48	2014	2014	NUM
economy-574	3	49	)	)	PUNCT
economy-574	3	50	.	.	PUNCT
economy-574	4	1	the	the	DET
economy-574	4	2	motivation	motivation	NOUN
economy-574	4	3	for	for	ADP
economy-574	4	4	this	this	DET
economy-574	4	5	study	study	NOUN
economy-574	4	6	is	be	AUX
economy-574	4	7	driven	drive	VERB
economy-574	4	8	by	by	ADP
economy-574	4	9	the	the	DET
economy-574	4	10	exposure	exposure	NOUN
economy-574	4	11	of	of	ADP
economy-574	4	12	nigeria	nigeria	PROPN
economy-574	4	13	’s	’s	PART
economy-574	4	14	exchange	exchange	NOUN
economy-574	4	15	rate	rate	NOUN
economy-574	4	16	and	and	CCONJ
economy-574	4	17	economy	economy	NOUN
economy-574	4	18	excessively	excessively	ADV
economy-574	4	19	to	to	ADP
economy-574	4	20	external	external	ADJ
economy-574	4	21	shocks	shock	NOUN
economy-574	4	22	as	as	SCONJ
economy-574	4	23	revealed	reveal	VERB
economy-574	4	24	by	by	ADP
economy-574	4	25	the	the	DET
economy-574	4	26	effects	effect	NOUN
economy-574	4	27	of	of	ADP
economy-574	4	28	the	the	DET
economy-574	4	29	recent	recent	ADJ
economy-574	4	30	global	global	ADJ
economy-574	4	31	economic	economic	ADJ
economy-574	4	32	crisis	crisis	NOUN
economy-574	4	33	on	on	ADP
economy-574	4	34	nigeria	nigeria	PROPN
economy-574	4	35	.	.	PUNCT
economy-574	5	1	in	in	ADP
economy-574	5	2	doing	do	VERB
economy-574	5	3	this	this	PRON
economy-574	5	4	,	,	PUNCT
economy-574	5	5	error	error	NOUN
economy-574	5	6	correction	correction	NOUN
economy-574	5	7	model	model	NOUN
economy-574	5	8	(	(	PUNCT
economy-574	5	9	ecm	ecm	PROPN
economy-574	5	10	)	)	PUNCT
economy-574	5	11	,	,	PUNCT
economy-574	5	12	augmented	augment	VERB
economy-574	5	13	dickey	dickey	NOUN
economy-574	5	14	-	-	PUNCT
economy-574	5	15	fuller	full	ADJ
economy-574	5	16	(	(	PUNCT
economy-574	5	17	adf	adf	NOUN
economy-574	5	18	)	)	PUNCT
economy-574	5	19	testand	testand	NOUN
economy-574	5	20	the	the	DET
economy-574	5	21	johansen	johansen	PROPN
economy-574	5	22	co	co	PROPN
economy-574	5	23	-	-	NOUN
economy-574	5	24	integration	integration	NOUN
economy-574	5	25	technique	technique	NOUN
economy-574	5	26	were	be	AUX
economy-574	5	27	adopted	adopt	VERB
economy-574	5	28	to	to	PART
economy-574	5	29	examine	examine	VERB
economy-574	5	30	the	the	DET
economy-574	5	31	impact	impact	NOUN
economy-574	5	32	of	of	ADP
economy-574	5	33	exchange	exchange	NOUN
economy-574	5	34	rate	rate	NOUN
economy-574	5	35	fluctuations	fluctuation	NOUN
economy-574	5	36	on	on	ADP
economy-574	5	37	nigeria	nigeria	PROPN
economy-574	5	38	’s	’s	PART
economy-574	5	39	manufacturing	manufacturing	NOUN
economy-574	5	40	sector	sector	NOUN
economy-574	5	41	.	.	PUNCT
economy-574	6	1	the	the	DET
economy-574	6	2	variables	variable	NOUN
economy-574	6	3	employed	employ	VERB
economy-574	6	4	include	include	VERB
economy-574	6	5	:	:	PUNCT
economy-574	6	6	average	average	ADJ
economy-574	6	7	official	official	ADJ
economy-574	6	8	exchange	exchange	NOUN
economy-574	6	9	rate	rate	NOUN
economy-574	6	10	of	of	ADP
economy-574	6	11	naira	naira	NUM
economy-574	6	12	vis	vis	X
economy-574	6	13	-	-	PUNCT
economy-574	6	14	à	à	X
economy-574	6	15	-	-	PUNCT
economy-574	6	16	vis	vis	X
economy-574	6	17	us	us	PROPN
economy-574	6	18	dollar	dollar	NOUN
economy-574	6	19	and	and	CCONJ
economy-574	6	20	nominal	nominal	ADJ
economy-574	6	21	effective	effective	ADJ
economy-574	6	22	exchange	exchange	NOUN
economy-574	6	23	rate	rate	NOUN
economy-574	6	24	indices	index	NOUN
economy-574	6	25	,	,	PUNCT
economy-574	6	26	interest	interest	NOUN
economy-574	6	27	rate	rate	NOUN
economy-574	6	28	,	,	PUNCT
economy-574	6	29	inflation	inflation	NOUN
economy-574	6	30	rate	rate	NOUN
economy-574	6	31	,	,	PUNCT
economy-574	6	32	balance	balance	NOUN
economy-574	6	33	of	of	ADP
economy-574	6	34	payment	payment	NOUN
economy-574	6	35	(	(	PUNCT
economy-574	6	36	bop	bop	INTJ
economy-574	6	37	)	)	PUNCT
economy-574	6	38	,	,	PUNCT
economy-574	6	39	real	real	ADJ
economy-574	6	40	gross	gross	ADJ
economy-574	6	41	domestic	domestic	ADJ
economy-574	6	42	product	product	NOUN
economy-574	6	43	(	(	PUNCT
economy-574	6	44	gdp	gdp	NOUN
economy-574	6	45	)	)	PUNCT
economy-574	6	46	,	,	PUNCT
economy-574	6	47	manufacturing	manufacture	VERB
economy-574	6	48	index	index	NOUN
economy-574	6	49	of	of	ADP
economy-574	6	50	ordinary	ordinary	ADJ
economy-574	6	51	shares	share	NOUN
economy-574	6	52	listed	list	VERB
economy-574	6	53	on	on	ADP
economy-574	6	54	the	the	DET
economy-574	6	55	nigerian	nigerian	ADJ
economy-574	6	56	stock	stock	NOUN
economy-574	6	57	exchange	exchange	NOUN
economy-574	6	58	,	,	PUNCT
economy-574	6	59	and	and	CCONJ
economy-574	6	60	average	average	ADJ
economy-574	6	61	manufacturing	manufacturing	NOUN
economy-574	6	62	capacity	capacity	NOUN
economy-574	6	63	utilisation	utilisation	NOUN
economy-574	6	64	rates	rate	NOUN
economy-574	6	65	.	.	PUNCT
economy-574	7	1	the	the	DET
economy-574	7	2	result	result	NOUN
economy-574	7	3	of	of	ADP
economy-574	7	4	the	the	DET
economy-574	7	5	empirical	empirical	ADJ
economy-574	7	6	analyses	analysis	NOUN
economy-574	7	7	showed	show	VERB
economy-574	7	8	that	that	SCONJ
economy-574	7	9	the	the	DET
economy-574	7	10	nigerian	nigerian	ADJ
economy-574	7	11	manufacturing	manufacturing	NOUN
economy-574	7	12	sector	sector	NOUN
economy-574	7	13	is	be	AUX
economy-574	7	14	not	not	PART
economy-574	7	15	sensitive	sensitive	ADJ
economy-574	7	16	to	to	PART
economy-574	7	17	exchange	exchange	VERB
economy-574	7	18	rate	rate	NOUN
economy-574	7	19	fluctuations	fluctuation	NOUN
economy-574	7	20	in	in	ADP
economy-574	7	21	the	the	DET
economy-574	7	22	long	long	ADV
economy-574	7	23	-	-	PUNCT
economy-574	7	24	run	run	NOUN
economy-574	7	25	.	.	PUNCT
economy-574	8	1	also	also	ADV
economy-574	8	2	,	,	PUNCT
economy-574	8	3	it	it	PRON
economy-574	8	4	was	be	AUX
economy-574	8	5	found	find	VERB
economy-574	8	6	that	that	SCONJ
economy-574	8	7	interest	interest	NOUN
economy-574	8	8	rate	rate	NOUN
economy-574	8	9	and	and	CCONJ
economy-574	8	10	gross	gross	ADJ
economy-574	8	11	domestic	domestic	ADJ
economy-574	8	12	product	product	NOUN
economy-574	8	13	are	be	AUX
economy-574	8	14	the	the	DET
economy-574	8	15	main	main	ADJ
economy-574	8	16	determinants	determinant	NOUN
economy-574	8	17	of	of	ADP
economy-574	8	18	exchange	exchange	NOUN
economy-574	8	19	rates	rate	NOUN
economy-574	8	20	in	in	ADP
economy-574	8	21	nigeria	nigeria	PROPN
economy-574	8	22	but	but	CCONJ
economy-574	8	23	interest	interest	NOUN
economy-574	8	24	rateis	rateis	NOUN
economy-574	8	25	insignificant	insignificant	ADJ
economy-574	8	26	in	in	ADP
economy-574	8	27	the	the	DET
economy-574	8	28	determination	determination	NOUN
economy-574	8	29	of	of	ADP
economy-574	8	30	exchange	exchange	NOUN
economy-574	8	31	rate	rate	NOUN
economy-574	8	32	in	in	ADP
economy-574	8	33	the	the	DET
economy-574	8	34	country	country	NOUN
economy-574	8	35	.	.	PUNCT
economy-574	9	1	some	some	PRON
economy-574	9	2	of	of	ADP
economy-574	9	3	the	the	DET
economy-574	9	4	recommendations	recommendation	NOUN
economy-574	9	5	made	make	VERB
economy-574	9	6	in	in	ADP
economy-574	9	7	this	this	DET
economy-574	9	8	study	study	NOUN
economy-574	9	9	are	be	AUX
economy-574	9	10	that	that	PRON
economy-574	9	11	:	:	PUNCT
economy-574	9	12	the	the	DET
economy-574	9	13	monetary	monetary	ADJ
economy-574	9	14	authorities	authority	NOUN
economy-574	9	15	should	should	AUX
economy-574	9	16	maintain	maintain	VERB
economy-574	9	17	stability	stability	NOUN
economy-574	9	18	of	of	ADP
economy-574	9	19	the	the	DET
economy-574	9	20	exchange	exchange	NOUN
economy-574	9	21	rates	rate	NOUN
economy-574	9	22	through	through	ADP
economy-574	9	23	proper	proper	ADJ
economy-574	9	24	management	management	NOUN
economy-574	9	25	so	so	SCONJ
economy-574	9	26	as	as	SCONJ
economy-574	9	27	to	to	PART
economy-574	9	28	encourage	encourage	VERB
economy-574	9	29	local	local	ADJ
economy-574	9	30	production	production	NOUN
economy-574	9	31	,	,	PUNCT
economy-574	9	32	the	the	DET
economy-574	9	33	monetary	monetary	ADJ
economy-574	9	34	authorities	authority	NOUN
economy-574	9	35	must	must	AUX
economy-574	9	36	endeavour	endeavour	VERB
economy-574	9	37	to	to	PART
economy-574	9	38	force	force	VERB
economy-574	9	39	the	the	DET
economy-574	9	40	interest	interest	NOUN
economy-574	9	41	rate	rate	NOUN
economy-574	9	42	down	down	ADP
economy-574	9	43	and	and	CCONJ
economy-574	9	44	continue	continue	VERB
economy-574	9	45	to	to	PART
economy-574	9	46	advocate	advocate	VERB
economy-574	9	47	for	for	ADP
economy-574	9	48	priority	priority	NOUN
economy-574	9	49	lending	lending	NOUN
economy-574	9	50	to	to	ADP
economy-574	9	51	the	the	DET
economy-574	9	52	manufacturing	manufacturing	NOUN
economy-574	9	53	firms	firm	NOUN
economy-574	9	54	.	.	PUNCT
economy-574	10	1	equally	equally	ADV
economy-574	10	2	,	,	PUNCT
economy-574	10	3	the	the	DET
economy-574	10	4	government	government	NOUN
economy-574	10	5	must	must	AUX
economy-574	10	6	continue	continue	VERB
economy-574	10	7	to	to	PART
economy-574	10	8	discourage	discourage	VERB
economy-574	10	9	importation	importation	NOUN
economy-574	10	10	in	in	ADP
economy-574	10	11	order	order	NOUN
economy-574	10	12	to	to	PART
economy-574	10	13	maintain	maintain	VERB
economy-574	10	14	exchange	exchange	NOUN
economy-574	10	15	rate	rate	NOUN
economy-574	10	16	stability	stability	NOUN
economy-574	10	17	.	.	PUNCT
economy-574	11	1	keywords	keyword	NOUN
economy-574	11	2	:	:	PUNCT
economy-574	11	3	exchange	exchange	NOUN
economy-574	11	4	rate	rate	NOUN
economy-574	11	5	,	,	PUNCT
economy-574	11	6	sensitivity	sensitivity	NOUN
economy-574	11	7	,	,	PUNCT
economy-574	11	8	manufacturing	manufacturing	NOUN
economy-574	11	9	sector	sector	NOUN
economy-574	11	10	,	,	PUNCT
economy-574	11	11	determinants	determinant	NOUN
economy-574	11	12	,	,	PUNCT
economy-574	11	13	error	error	NOUN
economy-574	11	14	correction	correction	NOUN
economy-574	11	15	model	model	NOUN
economy-574	11	16	,	,	PUNCT
economy-574	11	17	nigeria	nigeria	PROPN
economy-574	11	18	.	.	PUNCT
economy-574	12	1	contents	content	NOUN
economy-574	12	2	1	1	NUM
economy-574	12	3	.	.	PUNCT
economy-574	13	1	introduction	introduction	NOUN
economy-574	13	2	.........................................................................................................................................................................	.........................................................................................................................................................................	PUNCT
economy-574	14	1	41	41	NUM
economy-574	14	2	2	2	NUM
economy-574	14	3	.	.	PUNCT
economy-574	14	4	theoretical	theoretical	ADJ
economy-574	14	5	framework	framework	NOUN
economy-574	14	6	for	for	ADP
economy-574	14	7	exchange	exchange	NOUN
economy-574	14	8	rate	rate	NOUN
economy-574	14	9	determination	determination	NOUN
economy-574	14	10	...............................................................................................	...............................................................................................	PUNCT
economy-574	14	11	42	42	NUM
economy-574	14	12	3	3	NUM
economy-574	14	13	.	.	PUNCT
economy-574	14	14	methodological	methodological	ADJ
economy-574	14	15	issues	issue	NOUN
economy-574	14	16	and	and	CCONJ
economy-574	14	17	sources	source	NOUN
economy-574	14	18	of	of	ADP
economy-574	14	19	data	datum	NOUN
economy-574	14	20	........................................................................................................................	........................................................................................................................	PROPN
economy-574	15	1	44	44	NUM
economy-574	15	2	4	4	NUM
economy-574	15	3	.	.	PUNCT
economy-574	15	4	data	datum	NOUN
economy-574	15	5	presentation	presentation	NOUN
economy-574	15	6	and	and	CCONJ
economy-574	15	7	analysis	analysis	NOUN
economy-574	15	8	of	of	ADP
economy-574	15	9	result	result	NOUN
economy-574	15	10	...........................................................................................................................	...........................................................................................................................	PROPN
economy-574	16	1	46	46	NUM
economy-574	16	2	5	5	NUM
economy-574	16	3	.	.	PUNCT
economy-574	16	4	conclusion	conclusion	NOUN
economy-574	16	5	and	and	CCONJ
economy-574	16	6	recommendations	recommendation	NOUN
economy-574	16	7	.....................................................................................................................................	.....................................................................................................................................	PUNCT
economy-574	16	8	48	48	NUM
economy-574	16	9	references	reference	NOUN
economy-574	16	10	................................................................................................................................................................................	................................................................................................................................................................................	VERB
economy-574	16	11	49	49	NUM
economy-574	16	12	citation	citation	NOUN
economy-574	17	1	|	|	ADV
economy-574	17	2	ezeanyeji	ezeanyeji	PROPN
economy-574	17	3	clement	clement	PROPN
economy-574	17	4	i	i	PRON
economy-574	17	5	;	;	PUNCT
economy-574	17	6	onwuteaka	onwuteaka	NOUN
economy-574	17	7	ifeoma	ifeoma	PROPN
economy-574	17	8	.	.	PUNCT
economy-574	18	1	c	c	NOUN
economy-574	18	2	(	(	PUNCT
economy-574	18	3	2016	2016	NUM
economy-574	18	4	)	)	PUNCT
economy-574	18	5	.	.	PUNCT
economy-574	19	1	determinants	determinant	NOUN
economy-574	19	2	of	of	ADP
economy-574	19	3	exchange	exchange	NOUN
economy-574	19	4	rate	rate	NOUN
economy-574	19	5	sensitivity	sensitivity	NOUN
economy-574	19	6	on	on	ADP
economy-574	19	7	the	the	DET
economy-574	19	8	nigerian	nigerian	ADJ
economy-574	19	9	manufacturing	manufacturing	NOUN
economy-574	19	10	sector	sector	NOUN
economy-574	19	11	.	.	PUNCT
economy-574	20	1	economy	economy	NOUN
economy-574	20	2	,	,	PUNCT
economy-574	20	3	3(1	3(1	NUM
economy-574	20	4	):	):	PUNCT
economy-574	20	5	40	40	NUM
economy-574	20	6	-	-	SYM
economy-574	20	7	50	50	NUM
economy-574	20	8	.	.	PUNCT
economy-574	21	1	doi	doi	NOUN
economy-574	21	2	:	:	PUNCT
economy-574	21	3	10.20448	10.20448	NUM
economy-574	21	4	/	/	SYM
economy-574	21	5	journal.502/2016.3.1/502.1.40.50	journal.502/2016.3.1/502.1.40.50	ADJ
economy-574	21	6	issn(e	issn(e	PROPN
economy-574	21	7	)	)	PUNCT
economy-574	21	8	:	:	PUNCT
economy-574	21	9	2313	2313	NUM
economy-574	21	10	-	-	SYM
economy-574	21	11	8181	8181	NUM
economy-574	21	12	issn(p	issn(p	PROPN
economy-574	21	13	)	)	PUNCT
economy-574	21	14	:	:	PUNCT
economy-574	21	15	2518	2518	NUM
economy-574	21	16	-	-	SYM
economy-574	21	17	0118	0118	NUM
economy-574	21	18	licensed	licensed	ADJ
economy-574	21	19	:	:	PUNCT
economy-574	21	20	contribution	contribution	NOUN
economy-574	21	21	/	/	SYM
economy-574	21	22	acknowledgement	acknowledgement	NOUN
economy-574	21	23	:	:	PUNCT
economy-574	21	24	this	this	DET
economy-574	21	25	work	work	NOUN
economy-574	21	26	is	be	AUX
economy-574	21	27	licensed	license	VERB
economy-574	21	28	under	under	ADP
economy-574	21	29	a	a	DET
economy-574	21	30	creative	creative	ADJ
economy-574	21	31	commons	common	NOUN
economy-574	21	32	attribution	attribution	NOUN
economy-574	21	33	3.0	3.0	NUM
economy-574	21	34	license	license	NOUN
economy-574	21	35	all	all	DET
economy-574	21	36	authors	author	NOUN
economy-574	21	37	contributed	contribute	VERB
economy-574	21	38	to	to	ADP
economy-574	21	39	the	the	DET
economy-574	21	40	conception	conception	NOUN
economy-574	21	41	and	and	CCONJ
economy-574	21	42	design	design	NOUN
economy-574	21	43	of	of	ADP
economy-574	21	44	the	the	DET
economy-574	21	45	study	study	NOUN
economy-574	21	46	.	.	PUNCT
economy-574	22	1	funding	funding	NOUN
economy-574	22	2	:	:	PUNCT
economy-574	22	3	this	this	DET
economy-574	22	4	study	study	NOUN
economy-574	22	5	received	receive	VERB
economy-574	22	6	no	no	DET
economy-574	22	7	specific	specific	ADJ
economy-574	22	8	financial	financial	ADJ
economy-574	22	9	support	support	NOUN
economy-574	22	10	.	.	PUNCT
economy-574	23	1	competing	compete	VERB
economy-574	23	2	interests	interest	NOUN
economy-574	23	3	:	:	PUNCT
economy-574	23	4	the	the	DET
economy-574	23	5	authors	author	NOUN
economy-574	23	6	declare	declare	VERB
economy-574	23	7	that	that	SCONJ
economy-574	23	8	they	they	PRON
economy-574	23	9	have	have	VERB
economy-574	23	10	no	no	DET
economy-574	23	11	competing	compete	VERB
economy-574	23	12	interests	interest	NOUN
economy-574	23	13	.	.	PUNCT
economy-574	24	1	transparency	transparency	NOUN
economy-574	24	2	:	:	PUNCT
economy-574	24	3	the	the	DET
economy-574	24	4	authors	author	NOUN
economy-574	24	5	confirm	confirm	VERB
economy-574	24	6	that	that	SCONJ
economy-574	24	7	the	the	DET
economy-574	24	8	manuscript	manuscript	NOUN
economy-574	24	9	is	be	AUX
economy-574	24	10	an	an	DET
economy-574	24	11	honest	honest	ADJ
economy-574	24	12	,	,	PUNCT
economy-574	24	13	accurate	accurate	ADJ
economy-574	24	14	,	,	PUNCT
economy-574	24	15	and	and	CCONJ
economy-574	24	16	transparent	transparent	ADJ
economy-574	24	17	account	account	NOUN
economy-574	24	18	of	of	ADP
economy-574	24	19	the	the	DET
economy-574	24	20	study	study	NOUN
economy-574	24	21	was	be	AUX
economy-574	24	22	reported	report	VERB
economy-574	24	23	;	;	PUNCT
economy-574	24	24	that	that	SCONJ
economy-574	24	25	no	no	DET
economy-574	24	26	vital	vital	ADJ
economy-574	24	27	features	feature	NOUN
economy-574	24	28	of	of	ADP
economy-574	24	29	the	the	DET
economy-574	24	30	study	study	NOUN
economy-574	24	31	have	have	AUX
economy-574	24	32	been	be	AUX
economy-574	24	33	omitted	omit	VERB
economy-574	24	34	;	;	PUNCT
economy-574	24	35	and	and	CCONJ
economy-574	24	36	that	that	SCONJ
economy-574	24	37	any	any	DET
economy-574	24	38	discrepancies	discrepancy	NOUN
economy-574	24	39	from	from	ADP
economy-574	24	40	the	the	DET
economy-574	24	41	study	study	NOUN
economy-574	24	42	as	as	SCONJ
economy-574	24	43	planned	plan	VERB
economy-574	24	44	have	have	AUX
economy-574	24	45	been	be	AUX
economy-574	24	46	explained	explain	VERB
economy-574	24	47	.	.	PUNCT
economy-574	25	1	ethical	ethical	ADJ
economy-574	25	2	:	:	PUNCT
economy-574	25	3	history	history	NOUN
economy-574	25	4	:	:	PUNCT
economy-574	25	5	this	this	DET
economy-574	25	6	study	study	NOUN
economy-574	25	7	follows	follow	VERB
economy-574	25	8	all	all	DET
economy-574	25	9	ethical	ethical	ADJ
economy-574	25	10	practices	practice	NOUN
economy-574	25	11	during	during	ADP
economy-574	25	12	writing	writing	NOUN
economy-574	25	13	.	.	PUNCT
economy-574	26	1	received	receive	VERB
economy-574	26	2	:	:	PUNCT
economy-574	26	3	2	2	NUM
economy-574	26	4	february	february	NOUN
economy-574	26	5	2016/	2016/	NUM
economy-574	26	6	revised	revise	VERB
economy-574	26	7	:	:	PUNCT
economy-574	26	8	10	10	NUM
economy-574	26	9	march	march	NOUN
economy-574	26	10	2016/	2016/	NUM
economy-574	26	11	accepted	accept	VERB
economy-574	26	12	:	:	PUNCT
economy-574	26	13	14	14	NUM
economy-574	26	14	march	march	NOUN
economy-574	26	15	2016/	2016/	NUM
economy-574	26	16	published	publish	VERB
economy-574	26	17	:	:	PUNCT
economy-574	26	18	18	18	NUM
economy-574	26	19	march	march	PROPN
economy-574	26	20	2016	2016	NUM
economy-574	26	21	publisher	publisher	NOUN
economy-574	26	22	:	:	PUNCT
economy-574	26	23	asian	asian	ADJ
economy-574	26	24	online	online	PROPN
economy-574	26	25	journal	journal	PROPN
economy-574	26	26	publishing	publishing	NOUN
economy-574	26	27	group	group	NOUN
economy-574	26	28	http://creativecommons.org/licenses/by/3.0/	http://creativecommons.org/licenses/by/3.0/	PROPN
economy-574	26	29	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.502/2016.3.1/502.1.40.50	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.502/2016.3.1/502.1.40.50	PROPN
economy-574	26	30	https://orcid.org/orcid-search/quick-search?searchquery=ezeanyeji	https://orcid.org/orcid-search/quick-search?searchquery=ezeanyeji	PROPN
economy-574	26	31	clement	clement	PROPN
economy-574	26	32	i.	i.	PROPN
economy-574	26	33	https://orcid.org/orcid-search/quick-search?searchquery=onwuteaka	https://orcid.org/orcid-search/quick-search?searchquery=onwuteaka	PROPN
economy-574	26	34	ifeoma	ifeoma	PROPN
economy-574	26	35	.	.	PUNCT
economy-574	27	1	c.	c.	PROPN
economy-574	27	2	http://search.crossref.org/?q=10.20448/journal.502/2016.3.1/502.1.40.50	http://search.crossref.org/?q=10.20448/journal.502/2016.3.1/502.1.40.50	PROPN
economy-574	27	3	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.502/2016.3.1/502.1.40.50	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.502/2016.3.1/502.1.40.50	PROPN
economy-574	27	4	https://orcid.org/orcid-search/quick-search?searchquery=ezeanyeji	https://orcid.org/orcid-search/quick-search?searchquery=ezeanyeji	PROPN
economy-574	27	5	clement	clement	PROPN
economy-574	27	6	i.	i.	PROPN
economy-574	27	7	https://orcid.org/orcid-search/quick-search?searchquery=onwuteaka	https://orcid.org/orcid-search/quick-search?searchquery=onwuteaka	PROPN
economy-574	27	8	ifeoma	ifeoma	PROPN
economy-574	27	9	.	.	PUNCT
economy-574	28	1	c.	c.	PROPN
economy-574	28	2	http://search.crossref.org/?q=10.20448/journal.502/2016.3.1/502.1.40.50	http://search.crossref.org/?q=10.20448/journal.502/2016.3.1/502.1.40.50	PROPN
economy-574	28	3	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.502/2016.3.1/502.1.40.50	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.502/2016.3.1/502.1.40.50	PROPN
economy-574	28	4	https://orcid.org/orcid-search/quick-search?searchquery=ezeanyeji	https://orcid.org/orcid-search/quick-search?searchquery=ezeanyeji	PROPN
economy-574	28	5	clement	clement	PROPN
economy-574	28	6	i.	i.	PROPN
economy-574	28	7	https://orcid.org/orcid-search/quick-search?searchquery=onwuteaka	https://orcid.org/orcid-search/quick-search?searchquery=onwuteaka	PROPN
economy-574	28	8	ifeoma	ifeoma	PROPN
economy-574	28	9	.	.	PUNCT
economy-574	29	1	c.	c.	PROPN
economy-574	29	2	http://search.crossref.org/?q=10.20448/journal.502/2016.3.1/502.1.40.50	http://search.crossref.org/?q=10.20448/journal.502/2016.3.1/502.1.40.50	PROPN
economy-574	29	3	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.502/2016.3.1/502.1.40.50	http://crossmark.crossref.org/dialog/?doi=10.20448/journal.502/2016.3.1/502.1.40.50	PROPN
economy-574	29	4	https://orcid.org/orcid-search/quick-search?searchquery=ezeanyeji	https://orcid.org/orcid-search/quick-search?searchquery=ezeanyeji	PROPN
economy-574	29	5	clement	clement	PROPN
economy-574	29	6	i.	i.	PROPN
economy-574	29	7	https://orcid.org/orcid-search/quick-search?searchquery=onwuteaka	https://orcid.org/orcid-search/quick-search?searchquery=onwuteaka	PROPN
economy-574	29	8	ifeoma	ifeoma	PROPN
economy-574	29	9	.	.	PUNCT
economy-574	30	1	c.	c.	PROPN
economy-574	30	2	http://search.crossref.org/?q=10.20448/journal.502/2016.3.1/502.1.40.50	http://search.crossref.org/?q=10.20448/journal.502/2016.3.1/502.1.40.50	VERB
economy-574	30	3	economy	economy	NOUN
economy-574	30	4	,	,	PUNCT
economy-574	30	5	2016	2016	NUM
economy-574	30	6	,	,	PUNCT
economy-574	30	7	3(1	3(1	NUM
economy-574	30	8	):	):	PUNCT
economy-574	30	9	40	40	NUM
economy-574	30	10	-	-	SYM
economy-574	30	11	50	50	NUM
economy-574	30	12	41	41	NUM
economy-574	30	13	1	1	NUM
economy-574	30	14	.	.	PUNCT
economy-574	31	1	introduction	introduction	NOUN
economy-574	31	2	an	an	DET
economy-574	31	3	important	important	ADJ
economy-574	31	4	dilemma	dilemma	NOUN
economy-574	31	5	in	in	ADP
economy-574	31	6	international	international	ADJ
economy-574	31	7	finance	finance	NOUN
economy-574	31	8	is	be	AUX
economy-574	31	9	the	the	DET
economy-574	31	10	exchange	exchange	NOUN
economy-574	31	11	rate	rate	NOUN
economy-574	31	12	puzzle	puzzle	NOUN
economy-574	31	13	.	.	PUNCT
economy-574	32	1	this	this	DET
economy-574	32	2	issue	issue	NOUN
economy-574	32	3	is	be	AUX
economy-574	32	4	important	important	ADJ
economy-574	32	5	because	because	SCONJ
economy-574	32	6	exchange	exchange	NOUN
economy-574	32	7	rate	rate	NOUN
economy-574	32	8	fluctuations	fluctuation	NOUN
economy-574	32	9	are	be	AUX
economy-574	32	10	likely	likely	ADJ
economy-574	32	11	,	,	PUNCT
economy-574	32	12	in	in	ADP
economy-574	32	13	turn	turn	NOUN
economy-574	32	14	,	,	PUNCT
economy-574	32	15	to	to	PART
economy-574	32	16	determine	determine	VERB
economy-574	32	17	economic	economic	ADJ
economy-574	32	18	performance	performance	NOUN
economy-574	32	19	vis	vis	X
economy-574	32	20	-	-	PUNCT
economy-574	32	21	à	à	X
economy-574	32	22	-	-	PUNCT
economy-574	32	23	vis	vis	X
economy-574	32	24	firms	firm	NOUN
economy-574	32	25	’	’	PART
economy-574	32	26	performance	performance	NOUN
economy-574	32	27	among	among	ADP
economy-574	32	28	others	other	NOUN
economy-574	32	29	.	.	PUNCT
economy-574	33	1	it	it	PRON
economy-574	33	2	is	be	AUX
economy-574	33	3	a	a	DET
economy-574	33	4	dilemma	dilemma	NOUN
economy-574	33	5	because	because	SCONJ
economy-574	33	6	of	of	ADP
economy-574	33	7	its	its	PRON
economy-574	33	8	randomness	randomness	NOUN
economy-574	33	9	,	,	PUNCT
economy-574	33	10	which	which	DET
economy-574	33	11	lipsey	lipsey	NOUN
economy-574	33	12	and	and	CCONJ
economy-574	33	13	chrystal	chrystal	ADJ
economy-574	33	14	(	(	PUNCT
economy-574	33	15	1995	1995	NUM
economy-574	33	16	)	)	PUNCT
economy-574	33	17	attribute	attribute	NOUN
economy-574	33	18	to	to	ADP
economy-574	33	19	its	its	PRON
economy-574	33	20	responsiveness	responsiveness	NOUN
economy-574	33	21	to	to	ADP
economy-574	33	22	news	news	NOUN
economy-574	33	23	.	.	PUNCT
economy-574	34	1	the	the	DET
economy-574	34	2	volatility	volatility	NOUN
economy-574	34	3	and	and	CCONJ
economy-574	34	4	unpredictability	unpredictability	NOUN
economy-574	34	5	of	of	ADP
economy-574	34	6	exchange	exchange	NOUN
economy-574	34	7	rate	rate	NOUN
economy-574	34	8	is	be	AUX
economy-574	34	9	due	due	ADJ
economy-574	34	10	to	to	ADP
economy-574	34	11	the	the	DET
economy-574	34	12	confluence	confluence	NOUN
economy-574	34	13	of	of	ADP
economy-574	34	14	the	the	DET
economy-574	34	15	factors	factor	NOUN
economy-574	34	16	that	that	PRON
economy-574	34	17	affect	affect	VERB
economy-574	34	18	it	it	PRON
economy-574	34	19	(	(	PUNCT
economy-574	34	20	anoruo	anoruo	NOUN
economy-574	34	21	et	et	PROPN
economy-574	34	22	al	al	PROPN
economy-574	34	23	.	.	PROPN
economy-574	34	24	,	,	PUNCT
economy-574	34	25	2006	2006	NUM
economy-574	34	26	;	;	PUNCT
economy-574	34	27	benita	benita	PROPN
economy-574	34	28	and	and	CCONJ
economy-574	34	29	lauterbach	lauterbach	NOUN
economy-574	34	30	,	,	PUNCT
economy-574	34	31	2007	2007	NUM
economy-574	34	32	;	;	PUNCT
economy-574	34	33	hanias	hania	NOUN
economy-574	34	34	and	and	CCONJ
economy-574	34	35	curtis	curtis	PROPN
economy-574	34	36	,	,	PUNCT
economy-574	34	37	2008	2008	NUM
economy-574	34	38	)	)	PUNCT
economy-574	34	39	.	.	PUNCT
economy-574	35	1	as	as	ADP
economy-574	35	2	such	such	ADJ
economy-574	35	3	,	,	PUNCT
economy-574	35	4	the	the	DET
economy-574	35	5	issue	issue	NOUN
economy-574	35	6	of	of	ADP
economy-574	35	7	exchange	exchange	NOUN
economy-574	35	8	rate	rate	NOUN
economy-574	35	9	sensitivity	sensitivity	NOUN
economy-574	35	10	and	and	CCONJ
economy-574	35	11	determinacy	determinacy	NOUN
economy-574	35	12	is	be	AUX
economy-574	35	13	controversial	controversial	ADJ
economy-574	35	14	and	and	CCONJ
economy-574	35	15	has	have	AUX
economy-574	35	16	been	be	AUX
economy-574	35	17	a	a	DET
economy-574	35	18	subject	subject	NOUN
economy-574	35	19	of	of	ADP
economy-574	35	20	much	much	ADJ
economy-574	35	21	debate	debate	NOUN
economy-574	35	22	.	.	PUNCT
economy-574	36	1	a	a	DET
economy-574	36	2	large	large	ADJ
economy-574	36	3	number	number	NOUN
economy-574	36	4	of	of	ADP
economy-574	36	5	studies	study	NOUN
economy-574	36	6	and	and	CCONJ
economy-574	36	7	articles	article	NOUN
economy-574	36	8	addressed	address	VERB
economy-574	36	9	the	the	DET
economy-574	36	10	issue	issue	NOUN
economy-574	36	11	both	both	CCONJ
economy-574	36	12	theoretically	theoretically	ADV
economy-574	36	13	and	and	CCONJ
economy-574	36	14	empirically	empirically	ADV
economy-574	36	15	and	and	CCONJ
economy-574	36	16	found	find	VERB
economy-574	36	17	different	different	ADJ
economy-574	36	18	results	result	NOUN
economy-574	36	19	,	,	PUNCT
economy-574	36	20	which	which	PRON
economy-574	36	21	have	have	AUX
economy-574	36	22	fueled	fuel	VERB
economy-574	36	23	the	the	DET
economy-574	36	24	debate	debate	NOUN
economy-574	36	25	further	far	ADV
economy-574	36	26	controversial	controversial	ADJ
economy-574	36	27	.	.	PUNCT
economy-574	37	1	the	the	DET
economy-574	37	2	traditional	traditional	ADJ
economy-574	37	3	view	view	NOUN
economy-574	37	4	is	be	AUX
economy-574	37	5	that	that	SCONJ
economy-574	37	6	fluctuations	fluctuation	NOUN
economy-574	37	7	in	in	ADP
economy-574	37	8	exchange	exchange	NOUN
economy-574	37	9	rates	rate	NOUN
economy-574	37	10	affect	affect	VERB
economy-574	37	11	relative	relative	ADJ
economy-574	37	12	domestic	domestic	ADJ
economy-574	37	13	and	and	CCONJ
economy-574	37	14	foreign	foreign	ADJ
economy-574	37	15	prices	price	NOUN
economy-574	37	16	,	,	PUNCT
economy-574	37	17	causing	cause	VERB
economy-574	37	18	expenditures	expenditure	NOUN
economy-574	37	19	to	to	PART
economy-574	37	20	shift	shift	VERB
economy-574	37	21	between	between	ADP
economy-574	37	22	domestic	domestic	ADJ
economy-574	37	23	and	and	CCONJ
economy-574	37	24	foreign	foreign	ADJ
economy-574	37	25	goods	good	NOUN
economy-574	37	26	(	(	PUNCT
economy-574	37	27	betts	betts	PROPN
economy-574	37	28	and	and	CCONJ
economy-574	37	29	kehoe	kehoe	PROPN
economy-574	37	30	,	,	PUNCT
economy-574	37	31	2005	2005	NUM
economy-574	37	32	;	;	PUNCT
economy-574	37	33	benita	benita	PROPN
economy-574	37	34	and	and	CCONJ
economy-574	37	35	lauterbach	lauterbach	NOUN
economy-574	37	36	,	,	PUNCT
economy-574	37	37	2007	2007	NUM
economy-574	37	38	;	;	PUNCT
economy-574	37	39	khan	khan	PROPN
economy-574	37	40	et	et	PROPN
economy-574	37	41	al	al	PROPN
economy-574	37	42	.	.	PROPN
economy-574	37	43	,	,	PUNCT
economy-574	37	44	2010	2010	NUM
economy-574	37	45	)	)	PUNCT
economy-574	37	46	.	.	PUNCT
economy-574	38	1	the	the	DET
economy-574	38	2	new	new	ADJ
economy-574	38	3	view	view	NOUN
economy-574	38	4	is	be	AUX
economy-574	38	5	that	that	SCONJ
economy-574	38	6	relative	relative	ADJ
economy-574	38	7	prices	price	NOUN
economy-574	38	8	are	be	AUX
economy-574	38	9	not	not	PART
economy-574	38	10	much	much	ADV
economy-574	38	11	affected	affect	VERB
economy-574	38	12	by	by	ADP
economy-574	38	13	exchange	exchange	NOUN
economy-574	38	14	rate	rate	NOUN
economy-574	38	15	fluctuations	fluctuation	NOUN
economy-574	38	16	in	in	ADP
economy-574	38	17	the	the	DET
economy-574	38	18	short	short	ADJ
economy-574	38	19	-	-	PUNCT
economy-574	38	20	run	run	NOUN
economy-574	38	21	(	(	PUNCT
economy-574	38	22	cheong	cheong	NOUN
economy-574	38	23	,	,	PUNCT
economy-574	38	24	2004	2004	NUM
economy-574	38	25	)	)	PUNCT
economy-574	38	26	.	.	PUNCT
economy-574	39	1	in	in	ADP
economy-574	39	2	general	general	ADJ
economy-574	39	3	,	,	PUNCT
economy-574	39	4	when	when	SCONJ
economy-574	39	5	a	a	DET
economy-574	39	6	currency	currency	NOUN
economy-574	39	7	depreciates	depreciate	VERB
economy-574	39	8	it	it	PRON
economy-574	39	9	will	will	AUX
economy-574	39	10	result	result	VERB
economy-574	39	11	in	in	ADP
economy-574	39	12	higher	high	ADJ
economy-574	39	13	import	import	NOUN
economy-574	39	14	prices	price	NOUN
economy-574	39	15	if	if	SCONJ
economy-574	39	16	the	the	DET
economy-574	39	17	country	country	NOUN
economy-574	39	18	is	be	AUX
economy-574	39	19	an	an	DET
economy-574	39	20	international	international	ADJ
economy-574	39	21	price	price	NOUN
economy-574	39	22	taker	taker	NOUN
economy-574	39	23	,	,	PUNCT
economy-574	39	24	while	while	SCONJ
economy-574	39	25	lower	low	ADJ
economy-574	39	26	import	import	NOUN
economy-574	39	27	prices	price	NOUN
economy-574	39	28	result	result	VERB
economy-574	39	29	from	from	ADP
economy-574	39	30	appreciation	appreciation	NOUN
economy-574	39	31	.	.	PUNCT
economy-574	40	1	the	the	DET
economy-574	40	2	potentially	potentially	ADV
economy-574	40	3	higher	high	ADJ
economy-574	40	4	cost	cost	NOUN
economy-574	40	5	of	of	ADP
economy-574	40	6	imported	import	VERB
economy-574	40	7	inputs	input	NOUN
economy-574	40	8	associated	associate	VERB
economy-574	40	9	with	with	ADP
economy-574	40	10	exchange	exchange	NOUN
economy-574	40	11	rate	rate	NOUN
economy-574	40	12	depreciation	depreciation	NOUN
economy-574	40	13	increases	increase	VERB
economy-574	40	14	marginal	marginal	ADJ
economy-574	40	15	costs	cost	NOUN
economy-574	40	16	and	and	CCONJ
economy-574	40	17	leads	lead	VERB
economy-574	40	18	to	to	ADP
economy-574	40	19	higher	high	ADJ
economy-574	40	20	price	price	NOUN
economy-574	40	21	of	of	ADP
economy-574	40	22	domestically	domestically	ADV
economy-574	40	23	produced	produce	VERB
economy-574	40	24	goods	good	NOUN
economy-574	40	25	(	(	PUNCT
economy-574	40	26	kandil	kandil	NOUN
economy-574	40	27	,	,	PUNCT
economy-574	40	28	2004	2004	NUM
economy-574	40	29	)	)	PUNCT
economy-574	40	30	.	.	PUNCT
economy-574	41	1	further	far	ADV
economy-574	41	2	,	,	PUNCT
economy-574	41	3	import	import	NOUN
economy-574	41	4	-	-	PUNCT
economy-574	41	5	competing	compete	VERB
economy-574	41	6	firms	firm	NOUN
economy-574	41	7	might	might	AUX
economy-574	41	8	increase	increase	VERB
economy-574	41	9	prices	price	NOUN
economy-574	41	10	in	in	ADP
economy-574	41	11	response	response	NOUN
economy-574	41	12	to	to	ADP
economy-574	41	13	foreign	foreign	ADJ
economy-574	41	14	competitor	competitor	NOUN
economy-574	41	15	price	price	NOUN
economy-574	41	16	increases	increase	NOUN
economy-574	41	17	to	to	PART
economy-574	41	18	improve	improve	VERB
economy-574	41	19	profit	profit	NOUN
economy-574	41	20	margins	margin	NOUN
economy-574	41	21	.	.	PUNCT
economy-574	42	1	the	the	DET
economy-574	42	2	extent	extent	NOUN
economy-574	42	3	of	of	ADP
economy-574	42	4	such	such	ADJ
economy-574	42	5	price	price	NOUN
economy-574	42	6	adjustment	adjustment	NOUN
economy-574	42	7	depends	depend	VERB
economy-574	42	8	on	on	ADP
economy-574	42	9	a	a	DET
economy-574	42	10	variety	variety	NOUN
economy-574	42	11	of	of	ADP
economy-574	42	12	factors	factor	NOUN
economy-574	42	13	such	such	ADJ
economy-574	42	14	as	as	ADP
economy-574	42	15	market	market	NOUN
economy-574	42	16	structure	structure	NOUN
economy-574	42	17	,	,	PUNCT
economy-574	42	18	the	the	DET
economy-574	42	19	relative	relative	ADJ
economy-574	42	20	number	number	NOUN
economy-574	42	21	of	of	ADP
economy-574	42	22	domestic	domestic	ADJ
economy-574	42	23	and	and	CCONJ
economy-574	42	24	foreign	foreign	ADJ
economy-574	42	25	firms	firm	NOUN
economy-574	42	26	in	in	ADP
economy-574	42	27	the	the	DET
economy-574	42	28	market	market	NOUN
economy-574	42	29	,	,	PUNCT
economy-574	42	30	the	the	DET
economy-574	42	31	nature	nature	NOUN
economy-574	42	32	of	of	ADP
economy-574	42	33	government	government	NOUN
economy-574	42	34	exchange	exchange	NOUN
economy-574	42	35	rate	rate	NOUN
economy-574	42	36	policy	policy	NOUN
economy-574	42	37	and	and	CCONJ
economy-574	42	38	product	product	NOUN
economy-574	42	39	substitutability	substitutability	NOUN
economy-574	42	40	(	(	PUNCT
economy-574	42	41	sekkat	sekkat	PROPN
economy-574	42	42	and	and	CCONJ
economy-574	42	43	mansour	mansour	PROPN
economy-574	42	44	,	,	PUNCT
economy-574	42	45	2000	2000	NUM
economy-574	42	46	;	;	PUNCT
economy-574	42	47	fouquin	fouquin	PROPN
economy-574	42	48	et	et	PROPN
economy-574	42	49	al	al	PROPN
economy-574	42	50	.	.	PROPN
economy-574	42	51	,	,	PUNCT
economy-574	42	52	2001	2001	NUM
economy-574	42	53	)	)	PUNCT
economy-574	42	54	.	.	PUNCT
economy-574	43	1	most	most	ADJ
economy-574	43	2	nigerian	nigerian	ADJ
economy-574	43	3	manufacturing	manufacturing	NOUN
economy-574	43	4	companies	company	NOUN
economy-574	43	5	depend	depend	VERB
economy-574	43	6	on	on	ADP
economy-574	43	7	imported	import	VERB
economy-574	43	8	inputs	input	NOUN
economy-574	43	9	in	in	ADP
economy-574	43	10	the	the	DET
economy-574	43	11	form	form	NOUN
economy-574	43	12	of	of	ADP
economy-574	43	13	equipment	equipment	NOUN
economy-574	43	14	,	,	PUNCT
economy-574	43	15	plant	plant	NOUN
economy-574	43	16	and	and	CCONJ
economy-574	43	17	machinery	machinery	NOUN
economy-574	43	18	and	and	CCONJ
economy-574	43	19	other	other	ADJ
economy-574	43	20	materials	material	NOUN
economy-574	43	21	and	and	CCONJ
economy-574	43	22	given	give	VERB
economy-574	43	23	the	the	DET
economy-574	43	24	fact	fact	NOUN
economy-574	43	25	that	that	SCONJ
economy-574	43	26	bulk	bulk	NOUN
economy-574	43	27	of	of	ADP
economy-574	43	28	the	the	DET
economy-574	43	29	country	country	NOUN
economy-574	43	30	’s	’s	PART
economy-574	43	31	foreign	foreign	ADJ
economy-574	43	32	earnings	earning	NOUN
economy-574	43	33	is	be	AUX
economy-574	43	34	from	from	ADP
economy-574	43	35	oil	oil	NOUN
economy-574	43	36	earnings	earning	NOUN
economy-574	43	37	which	which	PRON
economy-574	43	38	accounts	account	VERB
economy-574	43	39	for	for	ADP
economy-574	43	40	over	over	ADP
economy-574	43	41	87.6	87.6	NUM
economy-574	43	42	per	per	ADP
economy-574	43	43	cent	cent	NOUN
economy-574	43	44	of	of	ADP
economy-574	43	45	the	the	DET
economy-574	43	46	foreign	foreign	ADJ
economy-574	43	47	exchange	exchange	NOUN
economy-574	43	48	earnings	earning	NOUN
economy-574	43	49	in	in	ADP
economy-574	43	50	2010	2010	NUM
economy-574	43	51	(	(	PUNCT
economy-574	43	52	central	central	ADJ
economy-574	43	53	bank	bank	PROPN
economy-574	43	54	of	of	ADP
economy-574	43	55	nigeria	nigeria	PROPN
economy-574	43	56	,	,	PUNCT
economy-574	43	57	2010	2010	NUM
economy-574	43	58	)	)	PUNCT
economy-574	43	59	thus	thus	ADV
economy-574	43	60	revealing	reveal	VERB
economy-574	43	61	the	the	DET
economy-574	43	62	extent	extent	NOUN
economy-574	43	63	of	of	ADP
economy-574	43	64	the	the	DET
economy-574	43	65	vulnerability	vulnerability	NOUN
economy-574	43	66	of	of	ADP
economy-574	43	67	these	these	DET
economy-574	43	68	companies	company	NOUN
economy-574	43	69	to	to	PART
economy-574	43	70	swings	swing	NOUN
economy-574	43	71	in	in	ADP
economy-574	43	72	the	the	DET
economy-574	43	73	exchange	exchange	NOUN
economy-574	43	74	rate	rate	NOUN
economy-574	43	75	which	which	PRON
economy-574	43	76	is	be	AUX
economy-574	43	77	greatly	greatly	ADV
economy-574	43	78	affected	affect	VERB
economy-574	43	79	by	by	ADP
economy-574	43	80	fluctuations	fluctuation	NOUN
economy-574	43	81	in	in	ADP
economy-574	43	82	the	the	DET
economy-574	43	83	oil	oil	NOUN
economy-574	43	84	price	price	NOUN
economy-574	43	85	in	in	ADP
economy-574	43	86	the	the	DET
economy-574	43	87	international	international	ADJ
economy-574	43	88	market	market	NOUN
economy-574	43	89	.	.	PUNCT
economy-574	44	1	mohammad	mohammad	PROPN
economy-574	44	2	(	(	PUNCT
economy-574	44	3	2010	2010	NUM
economy-574	44	4	)	)	PUNCT
economy-574	44	5	notes	note	VERB
economy-574	44	6	that	that	SCONJ
economy-574	44	7	the	the	DET
economy-574	44	8	risks	risk	NOUN
economy-574	44	9	associated	associate	VERB
economy-574	44	10	with	with	ADP
economy-574	44	11	volatile	volatile	ADJ
economy-574	44	12	exchange	exchange	NOUN
economy-574	44	13	rates	rate	NOUN
economy-574	44	14	are	be	AUX
economy-574	44	15	major	major	ADJ
economy-574	44	16	impediments	impediment	NOUN
economy-574	44	17	for	for	ADP
economy-574	44	18	countries	country	NOUN
economy-574	44	19	such	such	ADJ
economy-574	44	20	as	as	ADP
economy-574	44	21	nigeria	nigeria	PROPN
economy-574	44	22	that	that	PRON
economy-574	44	23	attempt	attempt	VERB
economy-574	44	24	to	to	PART
economy-574	44	25	develop	develop	VERB
economy-574	44	26	through	through	ADP
economy-574	44	27	export	export	NOUN
economy-574	44	28	expansion	expansion	NOUN
economy-574	44	29	strategy	strategy	NOUN
economy-574	44	30	and	and	CCONJ
economy-574	44	31	financial	financial	ADJ
economy-574	44	32	liberalization	liberalization	NOUN
economy-574	44	33	.	.	PUNCT
economy-574	45	1	besides	besides	SCONJ
economy-574	45	2	,	,	PUNCT
economy-574	45	3	chong	chong	PROPN
economy-574	45	4	and	and	CCONJ
economy-574	45	5	tan	tan	PROPN
economy-574	45	6	(	(	PUNCT
economy-574	45	7	2008	2008	NUM
economy-574	45	8	)	)	PUNCT
economy-574	45	9	hint	hint	NOUN
economy-574	45	10	that	that	SCONJ
economy-574	45	11	the	the	DET
economy-574	45	12	impact	impact	NOUN
economy-574	45	13	of	of	ADP
economy-574	45	14	exchange	exchange	NOUN
economy-574	45	15	rate	rate	NOUN
economy-574	45	16	volatility	volatility	NOUN
economy-574	45	17	on	on	ADP
economy-574	45	18	economic	economic	ADJ
economy-574	45	19	fundamentals	fundamental	NOUN
economy-574	45	20	is	be	AUX
economy-574	45	21	substantially	substantially	ADV
economy-574	45	22	great	great	ADJ
economy-574	45	23	if	if	SCONJ
economy-574	45	24	an	an	DET
economy-574	45	25	economy	economy	NOUN
economy-574	45	26	does	do	AUX
economy-574	45	27	not	not	PART
economy-574	45	28	provide	provide	VERB
economy-574	45	29	possible	possible	ADJ
economy-574	45	30	tools	tool	NOUN
economy-574	45	31	in	in	ADP
economy-574	45	32	hedging	hedge	VERB
economy-574	45	33	currency	currency	NOUN
economy-574	45	34	risk	risk	NOUN
economy-574	45	35	in	in	ADP
economy-574	45	36	its	its	PRON
economy-574	45	37	market	market	NOUN
economy-574	45	38	place	place	NOUN
economy-574	45	39	which	which	PRON
economy-574	45	40	unfortunately	unfortunately	ADV
economy-574	45	41	,	,	PUNCT
economy-574	45	42	is	be	AUX
economy-574	45	43	the	the	DET
economy-574	45	44	case	case	NOUN
economy-574	45	45	in	in	ADP
economy-574	45	46	nigeria	nigeria	PROPN
economy-574	45	47	.	.	PUNCT
economy-574	46	1	furthermore	furthermore	ADV
economy-574	46	2	,	,	PUNCT
economy-574	46	3	chong	chong	PROPN
economy-574	46	4	and	and	CCONJ
economy-574	46	5	tan	tan	PROPN
economy-574	46	6	(	(	PUNCT
economy-574	46	7	2008	2008	NUM
economy-574	46	8	)	)	PUNCT
economy-574	46	9	argue	argue	VERB
economy-574	46	10	that	that	SCONJ
economy-574	46	11	exchange	exchange	NOUN
economy-574	46	12	rate	rate	NOUN
economy-574	46	13	volatility	volatility	NOUN
economy-574	46	14	has	have	VERB
economy-574	46	15	a	a	DET
economy-574	46	16	catalytic	catalytic	ADJ
economy-574	46	17	effect	effect	NOUN
economy-574	46	18	to	to	ADP
economy-574	46	19	various	various	ADJ
economy-574	46	20	parties	party	NOUN
economy-574	46	21	as	as	ADV
economy-574	46	22	well	well	ADV
economy-574	46	23	as	as	ADP
economy-574	46	24	countries	country	NOUN
economy-574	46	25	.	.	PUNCT
economy-574	47	1	one	one	NUM
economy-574	47	2	of	of	ADP
economy-574	47	3	the	the	DET
economy-574	47	4	most	most	ADV
economy-574	47	5	dramatic	dramatic	ADJ
economy-574	47	6	events	event	NOUN
economy-574	47	7	in	in	ADP
economy-574	47	8	nigeria	nigeria	PROPN
economy-574	47	9	over	over	ADP
economy-574	47	10	the	the	DET
economy-574	47	11	past	past	ADJ
economy-574	47	12	two	two	NUM
economy-574	47	13	decades	decade	NOUN
economy-574	47	14	was	be	AUX
economy-574	47	15	the	the	DET
economy-574	47	16	devaluation	devaluation	NOUN
economy-574	47	17	of	of	ADP
economy-574	47	18	the	the	DET
economy-574	47	19	nigerian	nigerian	ADJ
economy-574	47	20	naira	naira	PROPN
economy-574	47	21	with	with	ADP
economy-574	47	22	the	the	DET
economy-574	47	23	adoption	adoption	NOUN
economy-574	47	24	of	of	ADP
economy-574	47	25	a	a	DET
economy-574	47	26	structural	structural	ADJ
economy-574	47	27	adjustment	adjustment	NOUN
economy-574	47	28	programme	programme	NOUN
economy-574	47	29	(	(	PUNCT
economy-574	47	30	sap	sap	PROPN
economy-574	47	31	)	)	PUNCT
economy-574	47	32	in	in	ADP
economy-574	47	33	1986	1986	NUM
economy-574	47	34	.	.	PUNCT
economy-574	48	1	a	a	DET
economy-574	48	2	cardinal	cardinal	ADJ
economy-574	48	3	objective	objective	NOUN
economy-574	48	4	of	of	ADP
economy-574	48	5	the	the	DET
economy-574	48	6	sap	sap	PROPN
economy-574	48	7	was	be	AUX
economy-574	48	8	the	the	DET
economy-574	48	9	restructuring	restructuring	NOUN
economy-574	48	10	of	of	ADP
economy-574	48	11	the	the	DET
economy-574	48	12	production	production	NOUN
economy-574	48	13	base	base	NOUN
economy-574	48	14	of	of	ADP
economy-574	48	15	the	the	DET
economy-574	48	16	economy	economy	NOUN
economy-574	48	17	with	with	ADP
economy-574	48	18	a	a	DET
economy-574	48	19	positive	positive	ADJ
economy-574	48	20	bias	bias	NOUN
economy-574	48	21	for	for	ADP
economy-574	48	22	the	the	DET
economy-574	48	23	production	production	NOUN
economy-574	48	24	of	of	ADP
economy-574	48	25	agricultural	agricultural	ADJ
economy-574	48	26	exports	export	NOUN
economy-574	48	27	.	.	PUNCT
economy-574	49	1	the	the	DET
economy-574	49	2	foreign	foreign	ADJ
economy-574	49	3	exchange	exchange	NOUN
economy-574	49	4	reforms	reform	NOUN
economy-574	49	5	that	that	PRON
economy-574	49	6	facilitated	facilitate	VERB
economy-574	49	7	a	a	DET
economy-574	49	8	cumulative	cumulative	ADJ
economy-574	49	9	depreciation	depreciation	NOUN
economy-574	49	10	of	of	ADP
economy-574	49	11	the	the	DET
economy-574	49	12	effective	effective	ADJ
economy-574	49	13	exchange	exchange	NOUN
economy-574	49	14	rate	rate	NOUN
economy-574	49	15	were	be	AUX
economy-574	49	16	expected	expect	VERB
economy-574	49	17	to	to	PART
economy-574	49	18	increase	increase	VERB
economy-574	49	19	the	the	DET
economy-574	49	20	domestic	domestic	ADJ
economy-574	49	21	prices	price	NOUN
economy-574	49	22	of	of	ADP
economy-574	49	23	agricultural	agricultural	ADJ
economy-574	49	24	exports	export	NOUN
economy-574	49	25	and	and	CCONJ
economy-574	49	26	therefore	therefore	ADV
economy-574	49	27	boost	boost	VERB
economy-574	49	28	domestic	domestic	ADJ
economy-574	49	29	production	production	NOUN
economy-574	49	30	.	.	PUNCT
economy-574	50	1	significantly	significantly	ADV
economy-574	50	2	,	,	PUNCT
economy-574	50	3	this	this	DET
economy-574	50	4	depreciation	depreciation	NOUN
economy-574	50	5	resulted	result	VERB
economy-574	50	6	in	in	ADP
economy-574	50	7	changes	change	NOUN
economy-574	50	8	in	in	ADP
economy-574	50	9	the	the	DET
economy-574	50	10	structure	structure	NOUN
economy-574	50	11	and	and	CCONJ
economy-574	50	12	volume	volume	NOUN
economy-574	50	13	of	of	ADP
economy-574	50	14	nigeria	nigeria	PROPN
economy-574	50	15	’s	’s	PART
economy-574	50	16	exports	export	NOUN
economy-574	50	17	and	and	CCONJ
economy-574	50	18	imports	import	NOUN
economy-574	50	19	.	.	PUNCT
economy-574	51	1	however	however	ADV
economy-574	51	2	,	,	PUNCT
economy-574	51	3	the	the	DET
economy-574	51	4	volatility	volatility	NOUN
economy-574	51	5	,	,	PUNCT
economy-574	51	6	frequency	frequency	NOUN
economy-574	51	7	and	and	CCONJ
economy-574	51	8	instability	instability	NOUN
economy-574	51	9	of	of	ADP
economy-574	51	10	the	the	DET
economy-574	51	11	exchange	exchange	NOUN
economy-574	51	12	rate	rate	NOUN
economy-574	51	13	movements	movement	NOUN
economy-574	51	14	since	since	SCONJ
economy-574	51	15	the	the	DET
economy-574	51	16	beginning	beginning	NOUN
economy-574	51	17	of	of	ADP
economy-574	51	18	the	the	DET
economy-574	51	19	floating	float	VERB
economy-574	51	20	exchange	exchange	NOUN
economy-574	51	21	rate	rate	NOUN
economy-574	51	22	raise	raise	VERB
economy-574	51	23	a	a	DET
economy-574	51	24	concern	concern	NOUN
economy-574	51	25	about	about	ADP
economy-574	51	26	the	the	DET
economy-574	51	27	impact	impact	NOUN
economy-574	51	28	of	of	ADP
economy-574	51	29	such	such	ADJ
economy-574	51	30	movements	movement	NOUN
economy-574	51	31	on	on	ADP
economy-574	51	32	nigerian	nigerian	ADJ
economy-574	51	33	manufacturing	manufacturing	NOUN
economy-574	51	34	companies	company	NOUN
economy-574	51	35	.	.	PUNCT
economy-574	52	1	nigerian	nigerian	ADJ
economy-574	52	2	manufacturing	manufacturing	NOUN
economy-574	52	3	sector	sector	NOUN
economy-574	52	4	has	have	AUX
economy-574	52	5	remained	remain	VERB
economy-574	52	6	underdeveloped	underdeveloped	ADJ
economy-574	52	7	and	and	CCONJ
economy-574	52	8	is	be	AUX
economy-574	52	9	not	not	PART
economy-574	52	10	showing	show	VERB
economy-574	52	11	significant	significant	ADJ
economy-574	52	12	growth	growth	NOUN
economy-574	52	13	despite	despite	SCONJ
economy-574	52	14	the	the	DET
economy-574	52	15	implementation	implementation	NOUN
economy-574	52	16	of	of	ADP
economy-574	52	17	structural	structural	ADJ
economy-574	52	18	adjustment	adjustment	NOUN
economy-574	52	19	programme	programme	NOUN
economy-574	52	20	(	(	PUNCT
economy-574	52	21	sap	sap	PROPN
economy-574	52	22	)	)	PUNCT
economy-574	52	23	.	.	PUNCT
economy-574	53	1	according	accord	VERB
economy-574	53	2	to	to	AUX
economy-574	53	3	delude	delude	VERB
economy-574	53	4	(	(	PUNCT
economy-574	53	5	1999	1999	NUM
economy-574	53	6	)	)	PUNCT
economy-574	53	7	apart	apart	ADV
economy-574	53	8	from	from	ADP
economy-574	53	9	objectives	objective	NOUN
economy-574	53	10	not	not	PART
economy-574	53	11	realized	realize	VERB
economy-574	53	12	,	,	PUNCT
economy-574	53	13	exchange	exchange	NOUN
economy-574	53	14	rate	rate	NOUN
economy-574	53	15	policy	policy	NOUN
economy-574	53	16	and	and	CCONJ
economy-574	53	17	management	management	NOUN
economy-574	53	18	under	under	ADP
economy-574	53	19	structural	structural	ADJ
economy-574	53	20	adjustment	adjustment	NOUN
economy-574	53	21	programme	programme	NOUN
economy-574	53	22	(	(	PUNCT
economy-574	53	23	sap	sap	PROPN
economy-574	53	24	)	)	PUNCT
economy-574	53	25	have	have	AUX
economy-574	53	26	left	leave	VERB
economy-574	53	27	some	some	DET
economy-574	53	28	issues	issue	NOUN
economy-574	53	29	unresolved	unresolved	ADJ
economy-574	53	30	and/or	and/or	CCONJ
economy-574	53	31	created	create	VERB
economy-574	53	32	some	some	DET
economy-574	53	33	distortions	distortion	NOUN
economy-574	53	34	in	in	ADP
economy-574	53	35	the	the	DET
economy-574	53	36	economy	economy	NOUN
economy-574	53	37	,	,	PUNCT
economy-574	53	38	one	one	NUM
economy-574	53	39	of	of	ADP
economy-574	53	40	which	which	PRON
economy-574	53	41	is	be	AUX
economy-574	53	42	deindustrialization	deindustrialization	NOUN
economy-574	53	43	.	.	PUNCT
economy-574	54	1	a	a	DET
economy-574	54	2	close	close	ADJ
economy-574	54	3	look	look	NOUN
economy-574	54	4	at	at	ADP
economy-574	54	5	the	the	DET
economy-574	54	6	relative	relative	ADJ
economy-574	54	7	contribution	contribution	NOUN
economy-574	54	8	of	of	ADP
economy-574	54	9	manufacturing	manufacturing	NOUN
economy-574	54	10	production	production	NOUN
economy-574	54	11	to	to	ADP
economy-574	54	12	gross	gross	ADJ
economy-574	54	13	domestic	domestic	ADJ
economy-574	54	14	product	product	NOUN
economy-574	54	15	(	(	PUNCT
economy-574	54	16	gdp	gdp	NOUN
economy-574	54	17	)	)	PUNCT
economy-574	54	18	before	before	ADP
economy-574	54	19	and	and	CCONJ
economy-574	54	20	after	after	SCONJ
economy-574	54	21	sap	sap	PROPN
economy-574	54	22	shows	show	VERB
economy-574	54	23	that	that	SCONJ
economy-574	54	24	sap	sap	PROPN
economy-574	54	25	,	,	PUNCT
economy-574	54	26	indeed	indeed	ADV
economy-574	54	27	,	,	PUNCT
economy-574	54	28	triggered	trigger	VERB
economy-574	54	29	a	a	DET
economy-574	54	30	shrinking	shrinking	NOUN
economy-574	54	31	of	of	ADP
economy-574	54	32	the	the	DET
economy-574	54	33	manufacturing	manufacturing	NOUN
economy-574	54	34	sector	sector	NOUN
economy-574	54	35	in	in	ADP
economy-574	54	36	nigeria	nigeria	PROPN
economy-574	54	37	.	.	PUNCT
economy-574	55	1	in	in	ADP
economy-574	55	2	1980	1980	NUM
economy-574	55	3	,	,	PUNCT
economy-574	55	4	manufacturing	manufacturing	NOUN
economy-574	55	5	accounted	account	VERB
economy-574	55	6	for	for	ADP
economy-574	55	7	8.4	8.4	NUM
economy-574	55	8	%	%	NOUN
economy-574	55	9	of	of	ADP
economy-574	55	10	gross	gross	ADJ
economy-574	55	11	domestic	domestic	ADJ
economy-574	55	12	product	product	NOUN
economy-574	55	13	(	(	PUNCT
economy-574	55	14	gdp	gdp	NOUN
economy-574	55	15	)	)	PUNCT
economy-574	55	16	.	.	PUNCT
economy-574	56	1	this	this	DET
economy-574	56	2	relative	relative	ADJ
economy-574	56	3	share	share	NOUN
economy-574	56	4	rose	rise	VERB
economy-574	56	5	to	to	ADP
economy-574	56	6	9.9	9.9	NUM
economy-574	56	7	%	%	NOUN
economy-574	56	8	in	in	ADP
economy-574	56	9	1983	1983	NUM
economy-574	56	10	,	,	PUNCT
economy-574	56	11	and	and	CCONJ
economy-574	56	12	was	be	AUX
economy-574	56	13	still	still	ADV
economy-574	56	14	8.7	8.7	NUM
economy-574	56	15	%	%	NOUN
economy-574	56	16	in	in	ADP
economy-574	56	17	1986	1986	NUM
economy-574	56	18	(	(	PUNCT
economy-574	56	19	central	central	ADJ
economy-574	56	20	bank	bank	PROPN
economy-574	56	21	of	of	ADP
economy-574	56	22	nigeria	nigeria	PROPN
economy-574	56	23	,	,	PUNCT
economy-574	56	24	2010b	2010b	NUM
economy-574	56	25	)	)	PUNCT
economy-574	56	26	.	.	PUNCT
economy-574	57	1	but	but	CCONJ
economy-574	57	2	,	,	PUNCT
economy-574	57	3	with	with	ADP
economy-574	57	4	the	the	DET
economy-574	57	5	adoption	adoption	NOUN
economy-574	57	6	of	of	ADP
economy-574	57	7	sap	sap	PROPN
economy-574	57	8	,	,	PUNCT
economy-574	57	9	the	the	DET
economy-574	57	10	manufacturing	manufacturing	NOUN
economy-574	57	11	sector	sector	NOUN
economy-574	57	12	’s	’s	PART
economy-574	57	13	relative	relative	ADJ
economy-574	57	14	share	share	NOUN
economy-574	57	15	in	in	ADP
economy-574	57	16	gdp	gdp	NOUN
economy-574	57	17	began	begin	VERB
economy-574	57	18	to	to	PART
economy-574	57	19	fall	fall	VERB
economy-574	57	20	and	and	CCONJ
economy-574	57	21	reached	reach	VERB
economy-574	57	22	a	a	DET
economy-574	57	23	low	low	NOUN
economy-574	57	24	of	of	ADP
economy-574	57	25	5.29	5.29	NUM
economy-574	57	26	%	%	NOUN
economy-574	57	27	in	in	ADP
economy-574	57	28	1989	1989	NUM
economy-574	57	29	and	and	CCONJ
economy-574	57	30	fell	fall	VERB
economy-574	57	31	further	far	ADV
economy-574	57	32	to	to	ADP
economy-574	57	33	5	5	NUM
economy-574	57	34	%	%	NOUN
economy-574	57	35	of	of	ADP
economy-574	57	36	the	the	DET
economy-574	57	37	gdp	gdp	NOUN
economy-574	57	38	in	in	ADP
economy-574	57	39	1997	1997	NUM
economy-574	57	40	(	(	PUNCT
economy-574	57	41	cbn	cbn	PROPN
economy-574	57	42	,	,	PUNCT
economy-574	57	43	2010b	2010b	NUM
economy-574	57	44	)	)	PUNCT
economy-574	57	45	.	.	PUNCT
economy-574	58	1	however	however	ADV
economy-574	58	2	,	,	PUNCT
economy-574	58	3	since	since	SCONJ
economy-574	58	4	enthronement	enthronement	NOUN
economy-574	58	5	of	of	ADP
economy-574	58	6	democracy	democracy	NOUN
economy-574	58	7	in	in	ADP
economy-574	58	8	1999	1999	NUM
economy-574	58	9	,	,	PUNCT
economy-574	58	10	the	the	DET
economy-574	58	11	contribution	contribution	NOUN
economy-574	58	12	of	of	ADP
economy-574	58	13	the	the	DET
economy-574	58	14	sector	sector	NOUN
economy-574	58	15	to	to	ADP
economy-574	58	16	gdp	gdp	NOUN
economy-574	58	17	increased	increase	VERB
economy-574	58	18	slightly	slightly	ADV
economy-574	58	19	to	to	ADP
economy-574	58	20	9.6	9.6	NUM
economy-574	58	21	%	%	NOUN
economy-574	58	22	in	in	ADP
economy-574	58	23	2007	2007	NUM
economy-574	58	24	but	but	CCONJ
economy-574	58	25	fell	fall	VERB
economy-574	58	26	to	to	ADP
economy-574	58	27	7.6	7.6	NUM
economy-574	58	28	%	%	NOUN
economy-574	58	29	in	in	ADP
economy-574	58	30	2010	2010	NUM
economy-574	58	31	(	(	PUNCT
economy-574	58	32	cbn	cbn	PROPN
economy-574	58	33	,	,	PUNCT
economy-574	58	34	2010a	2010a	NUM
economy-574	58	35	)	)	PUNCT
economy-574	58	36	.	.	PUNCT
economy-574	59	1	apart	apart	ADV
economy-574	59	2	from	from	ADP
economy-574	59	3	structural	structural	ADJ
economy-574	59	4	rigidity	rigidity	NOUN
economy-574	59	5	,	,	PUNCT
economy-574	59	6	poor	poor	ADJ
economy-574	59	7	quality	quality	NOUN
economy-574	59	8	of	of	ADP
economy-574	59	9	labour	labour	ADJ
economy-574	59	10	force	force	NOUN
economy-574	59	11	,	,	PUNCT
economy-574	59	12	high	high	ADJ
economy-574	59	13	interest	interest	NOUN
economy-574	59	14	rate	rate	NOUN
economy-574	59	15	,	,	PUNCT
economy-574	59	16	corruption	corruption	NOUN
economy-574	59	17	etc	etc	X
economy-574	59	18	(	(	PUNCT
economy-574	59	19	delude	delude	VERB
economy-574	59	20	,	,	PUNCT
economy-574	59	21	1999	1999	NUM
economy-574	59	22	)	)	PUNCT
economy-574	59	23	that	that	PRON
economy-574	59	24	is	be	AUX
economy-574	59	25	responsible	responsible	ADJ
economy-574	59	26	for	for	ADP
economy-574	59	27	the	the	DET
economy-574	59	28	poor	poor	ADJ
economy-574	59	29	performance	performance	NOUN
economy-574	59	30	of	of	ADP
economy-574	59	31	the	the	DET
economy-574	59	32	sector	sector	NOUN
economy-574	59	33	,	,	PUNCT
economy-574	59	34	exchange	exchange	NOUN
economy-574	59	35	rate	rate	NOUN
economy-574	59	36	volatility	volatility	NOUN
economy-574	59	37	is	be	AUX
economy-574	59	38	also	also	ADV
economy-574	59	39	a	a	DET
economy-574	59	40	major	major	ADJ
economy-574	59	41	factor	factor	NOUN
economy-574	59	42	that	that	PRON
economy-574	59	43	affects	affect	VERB
economy-574	59	44	its	its	PRON
economy-574	59	45	performance	performance	NOUN
economy-574	59	46	.	.	PUNCT
economy-574	60	1	1.1	1.1	NUM
economy-574	60	2	.	.	PUNCT
economy-574	61	1	statement	statement	NOUN
economy-574	61	2	of	of	ADP
economy-574	61	3	the	the	DET
economy-574	61	4	problem	problem	NOUN
economy-574	61	5	the	the	DET
economy-574	61	6	year	year	NOUN
economy-574	61	7	2009	2009	NUM
economy-574	61	8	was	be	AUX
economy-574	61	9	overcast	overcast	ADJ
economy-574	61	10	by	by	ADP
economy-574	61	11	the	the	DET
economy-574	61	12	global	global	ADJ
economy-574	61	13	financial	financial	ADJ
economy-574	61	14	and	and	CCONJ
economy-574	61	15	economic	economic	ADJ
economy-574	61	16	crisis	crisis	NOUN
economy-574	61	17	,	,	PUNCT
economy-574	61	18	which	which	PRON
economy-574	61	19	was	be	AUX
economy-574	61	20	precipitated	precipitate	VERB
economy-574	61	21	in	in	ADP
economy-574	61	22	august	august	PROPN
economy-574	61	23	2007	2007	NUM
economy-574	61	24	by	by	ADP
economy-574	61	25	the	the	DET
economy-574	61	26	collapse	collapse	NOUN
economy-574	61	27	of	of	ADP
economy-574	61	28	the	the	DET
economy-574	61	29	sub	sub	ADJ
economy-574	61	30	-	-	ADJ
economy-574	61	31	prime	prime	ADJ
economy-574	61	32	lending	lending	NOUN
economy-574	61	33	market	market	NOUN
economy-574	61	34	in	in	ADP
economy-574	61	35	the	the	DET
economy-574	61	36	united	united	PROPN
economy-574	61	37	states	states	PROPN
economy-574	61	38	.	.	PUNCT
economy-574	62	1	the	the	DET
economy-574	62	2	crisis	crisis	NOUN
economy-574	62	3	led	lead	VERB
economy-574	62	4	to	to	ADP
economy-574	62	5	the	the	DET
economy-574	62	6	crash	crash	NOUN
economy-574	62	7	of	of	ADP
economy-574	62	8	most	most	ADJ
economy-574	62	9	other	other	ADJ
economy-574	62	10	sectors	sector	NOUN
economy-574	62	11	and	and	CCONJ
economy-574	62	12	markets	market	NOUN
economy-574	62	13	across	across	ADP
economy-574	62	14	europe	europe	PROPN
economy-574	62	15	with	with	ADP
economy-574	62	16	consequent	consequent	ADJ
economy-574	62	17	effect	effect	NOUN
economy-574	62	18	on	on	ADP
economy-574	62	19	developing	develop	VERB
economy-574	62	20	economies	economy	NOUN
economy-574	62	21	especially	especially	ADV
economy-574	62	22	oil	oil	NOUN
economy-574	62	23	-	-	PUNCT
economy-574	62	24	export	export	NOUN
economy-574	62	25	dependent	dependent	ADJ
economy-574	62	26	countries	country	NOUN
economy-574	62	27	like	like	ADP
economy-574	62	28	nigeria	nigeria	PROPN
economy-574	62	29	.	.	PUNCT
economy-574	63	1	the	the	DET
economy-574	63	2	impact	impact	NOUN
economy-574	63	3	was	be	AUX
economy-574	63	4	aggravated	aggravate	VERB
economy-574	63	5	by	by	ADP
economy-574	63	6	the	the	DET
economy-574	63	7	reduction	reduction	NOUN
economy-574	63	8	in	in	ADP
economy-574	63	9	crude	crude	ADJ
economy-574	63	10	oil	oil	NOUN
economy-574	63	11	production	production	NOUN
economy-574	63	12	due	due	ADP
economy-574	63	13	to	to	ADP
economy-574	63	14	the	the	DET
economy-574	63	15	persistent	persistent	ADJ
economy-574	63	16	restiveness	restiveness	NOUN
economy-574	63	17	in	in	ADP
economy-574	63	18	the	the	DET
economy-574	63	19	niger	niger	PROPN
economy-574	63	20	delta	delta	NOUN
economy-574	63	21	region	region	NOUN
economy-574	63	22	.	.	PUNCT
economy-574	64	1	the	the	DET
economy-574	64	2	spiral	spiral	ADJ
economy-574	64	3	effect	effect	NOUN
economy-574	64	4	of	of	ADP
economy-574	64	5	the	the	DET
economy-574	64	6	global	global	ADJ
economy-574	64	7	economic	economic	ADJ
economy-574	64	8	crisis	crisis	NOUN
economy-574	64	9	on	on	ADP
economy-574	64	10	nigerian	nigerian	ADJ
economy-574	64	11	economy	economy	NOUN
economy-574	64	12	continued	continue	VERB
economy-574	64	13	in	in	ADP
economy-574	64	14	2009	2009	NUM
economy-574	64	15	with	with	ADP
economy-574	64	16	the	the	DET
economy-574	64	17	exorbitant	exorbitant	ADJ
economy-574	64	18	lending	lending	NOUN
economy-574	64	19	rate	rate	NOUN
economy-574	64	20	mounting	mount	VERB
economy-574	64	21	pressure	pressure	NOUN
economy-574	64	22	on	on	ADP
economy-574	64	23	the	the	DET
economy-574	64	24	stock	stock	NOUN
economy-574	64	25	market	market	NOUN
economy-574	64	26	as	as	ADP
economy-574	64	27	a	a	DET
economy-574	64	28	result	result	NOUN
economy-574	64	29	of	of	ADP
economy-574	64	30	massive	massive	ADJ
economy-574	64	31	borrowed	borrow	VERB
economy-574	64	32	fund	fund	NOUN
economy-574	64	33	in	in	ADP
economy-574	64	34	the	the	DET
economy-574	64	35	market	market	NOUN
economy-574	64	36	.	.	PUNCT
economy-574	65	1	the	the	DET
economy-574	65	2	rush	rush	NOUN
economy-574	65	3	by	by	ADP
economy-574	65	4	stock	stock	NOUN
economy-574	65	5	investors	investor	NOUN
economy-574	65	6	to	to	PART
economy-574	65	7	liquidate	liquidate	VERB
economy-574	65	8	their	their	PRON
economy-574	65	9	investment	investment	NOUN
economy-574	65	10	to	to	PART
economy-574	65	11	repay	repay	VERB
economy-574	65	12	their	their	PRON
economy-574	65	13	loans	loan	NOUN
economy-574	65	14	in	in	ADP
economy-574	65	15	order	order	NOUN
economy-574	65	16	to	to	PART
economy-574	65	17	avoid	avoid	VERB
economy-574	65	18	the	the	DET
economy-574	65	19	excessive	excessive	ADJ
economy-574	65	20	lending	lending	NOUN
economy-574	65	21	rate	rate	NOUN
economy-574	65	22	caused	cause	VERB
economy-574	65	23	the	the	DET
economy-574	65	24	nigerian	nigerian	ADJ
economy-574	65	25	stock	stock	NOUN
economy-574	65	26	market	market	NOUN
economy-574	65	27	to	to	ADP
economy-574	65	28	crash	crash	NOUN
economy-574	65	29	.	.	PUNCT
economy-574	66	1	this	this	DET
economy-574	66	2	decline	decline	NOUN
economy-574	66	3	was	be	AUX
economy-574	66	4	also	also	ADV
economy-574	66	5	driven	drive	VERB
economy-574	66	6	by	by	ADP
economy-574	66	7	concerns	concern	NOUN
economy-574	66	8	over	over	ADP
economy-574	66	9	unrealistically	unrealistically	ADV
economy-574	66	10	high	high	ADJ
economy-574	66	11	valuations	valuation	NOUN
economy-574	66	12	in	in	ADP
economy-574	66	13	practically	practically	ADV
economy-574	66	14	all	all	DET
economy-574	66	15	sectors	sector	NOUN
economy-574	66	16	.	.	PUNCT
economy-574	67	1	regulatory	regulatory	ADJ
economy-574	67	2	intervention	intervention	NOUN
economy-574	67	3	in	in	ADP
economy-574	67	4	the	the	DET
economy-574	67	5	equities	equity	NOUN
economy-574	67	6	market	market	NOUN
economy-574	67	7	only	only	ADV
economy-574	67	8	served	serve	VERB
economy-574	67	9	to	to	PART
economy-574	67	10	dent	dent	VERB
economy-574	67	11	investor	investor	NOUN
economy-574	67	12	confidence	confidence	NOUN
economy-574	67	13	further	far	ADV
economy-574	67	14	,	,	PUNCT
economy-574	67	15	especially	especially	ADV
economy-574	67	16	among	among	ADP
economy-574	67	17	institutional	institutional	ADJ
economy-574	67	18	investors	investor	NOUN
economy-574	67	19	,	,	PUNCT
economy-574	67	20	as	as	SCONJ
economy-574	67	21	the	the	DET
economy-574	67	22	measures	measure	NOUN
economy-574	67	23	failed	fail	VERB
economy-574	67	24	to	to	PART
economy-574	67	25	address	address	VERB
economy-574	67	26	the	the	DET
economy-574	67	27	fundamental	fundamental	ADJ
economy-574	67	28	issues	issue	NOUN
economy-574	67	29	.	.	PUNCT
economy-574	68	1	the	the	DET
economy-574	68	2	effect	effect	NOUN
economy-574	68	3	of	of	ADP
economy-574	68	4	the	the	DET
economy-574	68	5	global	global	ADJ
economy-574	68	6	economic	economic	ADJ
economy-574	68	7	meltdown	meltdown	NOUN
economy-574	68	8	on	on	ADP
economy-574	68	9	nigerian	nigerian	ADJ
economy-574	68	10	exchange	exchange	NOUN
economy-574	68	11	rate	rate	NOUN
economy-574	68	12	was	be	AUX
economy-574	68	13	phenomenon	phenomenon	NOUN
economy-574	68	14	as	as	SCONJ
economy-574	68	15	the	the	DET
economy-574	68	16	naira	naira	PROPN
economy-574	68	17	exchange	exchange	NOUN
economy-574	68	18	rate	rate	NOUN
economy-574	68	19	vis	vis	X
economy-574	68	20	-	-	PUNCT
economy-574	68	21	à	à	X
economy-574	68	22	-	-	PUNCT
economy-574	68	23	vis	vis	X
economy-574	68	24	the	the	DET
economy-574	68	25	dollar	dollar	NOUN
economy-574	68	26	rose	rise	VERB
economy-574	68	27	astronomically	astronomically	ADV
economy-574	68	28	from	from	ADP
economy-574	68	29	about	about	ADP
economy-574	68	30	n120/$	n120/$	NOUN
economy-574	68	31	to	to	PART
economy-574	68	32	more	more	ADJ
economy-574	68	33	than	than	ADP
economy-574	68	34	n180/$	n180/$	PROPN
economy-574	68	35	(	(	PUNCT
economy-574	68	36	about	about	ADV
economy-574	68	37	50	50	NUM
economy-574	68	38	%	%	NOUN
economy-574	68	39	increase	increase	NOUN
economy-574	68	40	)	)	PUNCT
economy-574	68	41	between	between	ADP
economy-574	68	42	2008	2008	NUM
economy-574	68	43	and	and	CCONJ
economy-574	68	44	2009	2009	NUM
economy-574	68	45	.	.	PUNCT
economy-574	69	1	this	this	PRON
economy-574	69	2	is	be	AUX
economy-574	69	3	attributable	attributable	ADJ
economy-574	69	4	to	to	ADP
economy-574	69	5	the	the	DET
economy-574	69	6	sharp	sharp	ADJ
economy-574	69	7	drop	drop	NOUN
economy-574	69	8	in	in	ADP
economy-574	69	9	foreign	foreign	ADJ
economy-574	69	10	earnings	earning	NOUN
economy-574	69	11	of	of	ADP
economy-574	69	12	nigeria	nigeria	PROPN
economy-574	69	13	as	as	ADP
economy-574	69	14	a	a	DET
economy-574	69	15	result	result	NOUN
economy-574	69	16	of	of	ADP
economy-574	69	17	the	the	DET
economy-574	69	18	persistent	persistent	ADJ
economy-574	69	19	fall	fall	NOUN
economy-574	69	20	of	of	ADP
economy-574	69	21	crude	crude	ADJ
economy-574	69	22	oil	oil	NOUN
economy-574	69	23	price	price	NOUN
economy-574	69	24	,	,	PUNCT
economy-574	69	25	which	which	PRON
economy-574	69	26	plunged	plunge	VERB
economy-574	69	27	from	from	ADP
economy-574	69	28	an	an	DET
economy-574	69	29	all	all	DET
economy-574	69	30	time	time	NOUN
economy-574	69	31	high	high	ADV
economy-574	69	32	of	of	ADP
economy-574	69	33	us$147	us$147	PROPN
economy-574	69	34	per	per	ADP
economy-574	69	35	barrel	barrel	NOUN
economy-574	69	36	in	in	ADP
economy-574	69	37	july	july	PROPN
economy-574	69	38	2007	2007	NUM
economy-574	69	39	to	to	ADP
economy-574	69	40	a	a	DET
economy-574	69	41	low	low	NOUN
economy-574	69	42	of	of	ADP
economy-574	69	43	us$45	us$45	NOUN
economy-574	69	44	per	per	ADP
economy-574	69	45	barrel	barrel	NOUN
economy-574	69	46	economy	economy	NOUN
economy-574	69	47	,	,	PUNCT
economy-574	69	48	2016	2016	NUM
economy-574	69	49	,	,	PUNCT
economy-574	69	50	3(1	3(1	NUM
economy-574	69	51	):	):	PUNCT
economy-574	69	52	40	40	NUM
economy-574	69	53	-	-	SYM
economy-574	69	54	50	50	NUM
economy-574	69	55	42	42	NUM
economy-574	69	56	in	in	ADP
economy-574	69	57	december	december	PROPN
economy-574	69	58	2008	2008	NUM
economy-574	69	59	.	.	PUNCT
economy-574	70	1	it	it	PRON
economy-574	70	2	is	be	AUX
economy-574	70	3	evident	evident	ADJ
economy-574	70	4	from	from	ADP
economy-574	70	5	the	the	DET
economy-574	70	6	foregoing	foregoing	NOUN
economy-574	70	7	that	that	SCONJ
economy-574	70	8	the	the	DET
economy-574	70	9	recent	recent	ADJ
economy-574	70	10	global	global	ADJ
economy-574	70	11	economic	economic	ADJ
economy-574	70	12	crisis	crisis	NOUN
economy-574	70	13	has	have	AUX
economy-574	70	14	further	far	ADV
economy-574	70	15	revealed	reveal	VERB
economy-574	70	16	that	that	SCONJ
economy-574	70	17	nigerian	nigerian	ADJ
economy-574	70	18	economy	economy	NOUN
economy-574	70	19	is	be	AUX
economy-574	70	20	excessively	excessively	ADV
economy-574	70	21	exposed	expose	VERB
economy-574	70	22	to	to	ADP
economy-574	70	23	external	external	ADJ
economy-574	70	24	shocks	shock	NOUN
economy-574	70	25	.	.	PUNCT
economy-574	71	1	although	although	SCONJ
economy-574	71	2	various	various	ADJ
economy-574	71	3	factors	factor	NOUN
economy-574	71	4	have	have	AUX
economy-574	71	5	been	be	AUX
economy-574	71	6	adduced	adduce	VERB
economy-574	71	7	to	to	ADP
economy-574	71	8	nigeria	nigeria	PROPN
economy-574	71	9	’s	’s	PART
economy-574	71	10	poor	poor	ADJ
economy-574	71	11	economic	economic	ADJ
economy-574	71	12	performance	performance	NOUN
economy-574	71	13	,	,	PUNCT
economy-574	71	14	the	the	DET
economy-574	71	15	major	major	ADJ
economy-574	71	16	problem	problem	NOUN
economy-574	71	17	has	have	AUX
economy-574	71	18	been	be	AUX
economy-574	71	19	the	the	DET
economy-574	71	20	economy	economy	NOUN
economy-574	71	21	’s	’s	PART
economy-574	71	22	continued	continue	VERB
economy-574	71	23	excessive	excessive	ADJ
economy-574	71	24	reliance	reliance	NOUN
economy-574	71	25	on	on	ADP
economy-574	71	26	the	the	DET
economy-574	71	27	fortunes	fortune	NOUN
economy-574	71	28	of	of	ADP
economy-574	71	29	the	the	DET
economy-574	71	30	ever	ever	ADV
economy-574	71	31	unstable	unstable	ADJ
economy-574	71	32	oil	oil	NOUN
economy-574	71	33	market	market	NOUN
economy-574	71	34	for	for	ADP
economy-574	71	35	foreign	foreign	ADJ
economy-574	71	36	exchange	exchange	NOUN
economy-574	71	37	thereby	thereby	ADV
economy-574	71	38	causing	cause	VERB
economy-574	71	39	frequent	frequent	ADJ
economy-574	71	40	volatility	volatility	NOUN
economy-574	71	41	in	in	ADP
economy-574	71	42	the	the	DET
economy-574	71	43	country	country	NOUN
economy-574	71	44	’s	’s	PART
economy-574	71	45	exchange	exchange	NOUN
economy-574	71	46	rate	rate	NOUN
economy-574	71	47	.	.	PUNCT
economy-574	72	1	the	the	DET
economy-574	72	2	renewed	renew	VERB
economy-574	72	3	emphasis	emphasis	NOUN
economy-574	72	4	on	on	ADP
economy-574	72	5	the	the	DET
economy-574	72	6	production	production	NOUN
economy-574	72	7	of	of	ADP
economy-574	72	8	alternatives	alternative	NOUN
economy-574	72	9	to	to	ADP
economy-574	72	10	fossil	fossil	NOUN
economy-574	72	11	-	-	PUNCT
economy-574	72	12	fuel	fuel	NOUN
economy-574	72	13	energy	energy	NOUN
economy-574	72	14	,	,	PUNCT
economy-574	72	15	such	such	ADJ
economy-574	72	16	as	as	ADP
economy-574	72	17	solar	solar	ADJ
economy-574	72	18	,	,	PUNCT
economy-574	72	19	wind	wind	NOUN
economy-574	72	20	and	and	CCONJ
economy-574	72	21	bio	bio	PROPN
economy-574	72	22	energy	energy	NOUN
economy-574	72	23	in	in	ADP
economy-574	72	24	the	the	DET
economy-574	72	25	advanced	advanced	ADJ
economy-574	72	26	economies	economy	NOUN
economy-574	72	27	would	would	AUX
economy-574	72	28	reduce	reduce	VERB
economy-574	72	29	oil	oil	NOUN
economy-574	72	30	demand	demand	NOUN
economy-574	72	31	and	and	CCONJ
economy-574	72	32	further	far	ADV
economy-574	72	33	weaken	weaken	VERB
economy-574	72	34	nigeria	nigeria	PROPN
economy-574	72	35	’s	’s	PART
economy-574	72	36	foreign	foreign	ADJ
economy-574	72	37	earnings	earning	NOUN
economy-574	72	38	.	.	PUNCT
economy-574	73	1	thus	thus	ADV
economy-574	73	2	,	,	PUNCT
economy-574	73	3	in	in	ADP
economy-574	73	4	the	the	DET
economy-574	73	5	absence	absence	NOUN
economy-574	73	6	of	of	ADP
economy-574	73	7	concerted	concerted	ADJ
economy-574	73	8	efforts	effort	NOUN
economy-574	73	9	to	to	ADP
economy-574	73	10	shore	shore	NOUN
economy-574	73	11	-	-	PUNCT
economy-574	73	12	up	up	NOUN
economy-574	73	13	and	and	CCONJ
economy-574	73	14	widen	widen	VERB
economy-574	73	15	the	the	DET
economy-574	73	16	revenue	revenue	NOUN
economy-574	73	17	base	base	NOUN
economy-574	73	18	,	,	PUNCT
economy-574	73	19	there	there	PRON
economy-574	73	20	will	will	AUX
economy-574	73	21	be	be	AUX
economy-574	73	22	reduction	reduction	NOUN
economy-574	73	23	in	in	ADP
economy-574	73	24	crude	crude	ADJ
economy-574	73	25	oil	oil	NOUN
economy-574	73	26	revenue	revenue	NOUN
economy-574	73	27	,	,	PUNCT
economy-574	73	28	excess	excess	ADJ
economy-574	73	29	crude	crude	ADJ
economy-574	73	30	oil	oil	NOUN
economy-574	73	31	receipts	receipt	NOUN
economy-574	73	32	savings	saving	NOUN
economy-574	73	33	and	and	CCONJ
economy-574	73	34	foreign	foreign	ADJ
economy-574	73	35	exchange	exchange	NOUN
economy-574	73	36	earnings	earning	NOUN
economy-574	73	37	in	in	ADP
economy-574	73	38	the	the	DET
economy-574	73	39	coming	come	VERB
economy-574	73	40	years	year	NOUN
economy-574	73	41	.	.	PUNCT
economy-574	74	1	this	this	PRON
economy-574	74	2	will	will	AUX
economy-574	74	3	spell	spell	VERB
economy-574	74	4	doom	doom	NOUN
economy-574	74	5	for	for	ADP
economy-574	74	6	the	the	DET
economy-574	74	7	manufacturing	manufacture	VERB
economy-574	74	8	companies	company	NOUN
economy-574	74	9	in	in	ADP
economy-574	74	10	the	the	DET
economy-574	74	11	country	country	NOUN
economy-574	74	12	who	who	PRON
economy-574	74	13	rely	rely	VERB
economy-574	74	14	on	on	ADP
economy-574	74	15	foreign	foreign	ADJ
economy-574	74	16	exchange	exchange	NOUN
economy-574	74	17	for	for	ADP
economy-574	74	18	the	the	DET
economy-574	74	19	purchase	purchase	NOUN
economy-574	74	20	of	of	ADP
economy-574	74	21	most	most	ADJ
economy-574	74	22	of	of	ADP
economy-574	74	23	their	their	PRON
economy-574	74	24	inputs	input	NOUN
economy-574	74	25	.	.	PUNCT
economy-574	75	1	the	the	DET
economy-574	75	2	fact	fact	NOUN
economy-574	75	3	that	that	SCONJ
economy-574	75	4	crude	crude	ADJ
economy-574	75	5	oil	oil	NOUN
economy-574	75	6	is	be	AUX
economy-574	75	7	an	an	DET
economy-574	75	8	exhaustible	exhaustible	ADJ
economy-574	75	9	asset	asset	NOUN
economy-574	75	10	makes	make	VERB
economy-574	75	11	it	it	PRON
economy-574	75	12	unreliable	unreliable	ADJ
economy-574	75	13	for	for	ADP
economy-574	75	14	sustainable	sustainable	ADJ
economy-574	75	15	development	development	NOUN
economy-574	75	16	of	of	ADP
economy-574	75	17	the	the	DET
economy-574	75	18	nigerian	nigerian	ADJ
economy-574	75	19	economy	economy	NOUN
economy-574	75	20	(	(	PUNCT
economy-574	75	21	utomi	utomi	NOUN
economy-574	75	22	,	,	PUNCT
economy-574	75	23	2004	2004	NUM
economy-574	75	24	)	)	PUNCT
economy-574	75	25	.	.	PUNCT
economy-574	76	1	the	the	DET
economy-574	76	2	continued	continue	VERB
economy-574	76	3	unimpressive	unimpressive	ADJ
economy-574	76	4	performance	performance	NOUN
economy-574	76	5	of	of	ADP
economy-574	76	6	the	the	DET
economy-574	76	7	nigerian	nigerian	ADJ
economy-574	76	8	manufacturing	manufacturing	NOUN
economy-574	76	9	sector	sector	NOUN
economy-574	76	10	and	and	CCONJ
economy-574	76	11	the	the	DET
economy-574	76	12	vulnerability	vulnerability	NOUN
economy-574	76	13	of	of	ADP
economy-574	76	14	the	the	DET
economy-574	76	15	external	external	ADJ
economy-574	76	16	sector	sector	NOUN
economy-574	76	17	thus	thus	ADV
economy-574	76	18	dictate	dictate	VERB
economy-574	76	19	the	the	DET
economy-574	76	20	urgent	urgent	ADJ
economy-574	76	21	need	need	NOUN
economy-574	76	22	for	for	ADP
economy-574	76	23	a	a	DET
economy-574	76	24	reappraisal	reappraisal	NOUN
economy-574	76	25	of	of	ADP
economy-574	76	26	the	the	DET
economy-574	76	27	thrust	thrust	NOUN
economy-574	76	28	and	and	CCONJ
economy-574	76	29	contents	content	NOUN
economy-574	76	30	of	of	ADP
economy-574	76	31	the	the	DET
economy-574	76	32	development	development	NOUN
economy-574	76	33	policies	policy	NOUN
economy-574	76	34	and	and	CCONJ
economy-574	76	35	commitments	commitment	NOUN
economy-574	76	36	to	to	ADP
economy-574	76	37	their	their	PRON
economy-574	76	38	implementation	implementation	NOUN
economy-574	76	39	.	.	PUNCT
economy-574	77	1	indeed	indeed	ADV
economy-574	77	2	,	,	PUNCT
economy-574	77	3	the	the	DET
economy-574	77	4	need	need	NOUN
economy-574	77	5	for	for	ADP
economy-574	77	6	a	a	DET
economy-574	77	7	change	change	NOUN
economy-574	77	8	in	in	ADP
economy-574	77	9	the	the	DET
economy-574	77	10	policy	policy	NOUN
economy-574	77	11	focus	focus	NOUN
economy-574	77	12	and	and	CCONJ
economy-574	77	13	a	a	DET
economy-574	77	14	shift	shift	NOUN
economy-574	77	15	in	in	ADP
economy-574	77	16	the	the	DET
economy-574	77	17	industrialization	industrialization	NOUN
economy-574	77	18	strategy	strategy	NOUN
economy-574	77	19	is	be	AUX
economy-574	77	20	imperative	imperative	ADJ
economy-574	77	21	,	,	PUNCT
economy-574	77	22	if	if	SCONJ
economy-574	77	23	nigerian	nigerian	ADJ
economy-574	77	24	economy	economy	NOUN
economy-574	77	25	is	be	AUX
economy-574	77	26	to	to	PART
economy-574	77	27	be	be	AUX
economy-574	77	28	returned	return	VERB
economy-574	77	29	to	to	ADP
economy-574	77	30	the	the	DET
economy-574	77	31	path	path	NOUN
economy-574	77	32	of	of	ADP
economy-574	77	33	sustainable	sustainable	ADJ
economy-574	77	34	growth	growth	NOUN
economy-574	77	35	and	and	CCONJ
economy-574	77	36	external	external	ADJ
economy-574	77	37	viability	viability	NOUN
economy-574	77	38	.	.	PUNCT
economy-574	78	1	this	this	PRON
economy-574	78	2	raises	raise	VERB
economy-574	78	3	the	the	DET
economy-574	78	4	question	question	NOUN
economy-574	78	5	of	of	ADP
economy-574	78	6	the	the	DET
economy-574	78	7	sensitivity	sensitivity	NOUN
economy-574	78	8	of	of	ADP
economy-574	78	9	nigerian	nigerian	ADJ
economy-574	78	10	manufacturing	manufacturing	NOUN
economy-574	78	11	companies	company	NOUN
economy-574	78	12	to	to	PART
economy-574	78	13	exchange	exchange	VERB
economy-574	78	14	rate	rate	NOUN
economy-574	78	15	fluctuation	fluctuation	NOUN
economy-574	78	16	,	,	PUNCT
economy-574	78	17	which	which	PRON
economy-574	78	18	is	be	AUX
economy-574	78	19	the	the	DET
economy-574	78	20	essence	essence	NOUN
economy-574	78	21	of	of	ADP
economy-574	78	22	this	this	DET
economy-574	78	23	study	study	NOUN
economy-574	78	24	.	.	PUNCT
economy-574	79	1	1.2	1.2	NUM
economy-574	79	2	.	.	PUNCT
economy-574	79	3	objectives	objective	NOUN
economy-574	79	4	of	of	ADP
economy-574	79	5	the	the	DET
economy-574	79	6	study	study	NOUN
economy-574	79	7	the	the	DET
economy-574	79	8	broad	broad	ADJ
economy-574	79	9	objective	objective	NOUN
economy-574	79	10	of	of	ADP
economy-574	79	11	this	this	DET
economy-574	79	12	study	study	NOUN
economy-574	79	13	is	be	AUX
economy-574	79	14	to	to	PART
economy-574	79	15	analyse	analyse	VERB
economy-574	79	16	nigeria	nigeria	PROPN
economy-574	79	17	’s	’s	PART
economy-574	79	18	exchange	exchange	NOUN
economy-574	79	19	rate	rate	NOUN
economy-574	79	20	.	.	PUNCT
economy-574	80	1	the	the	DET
economy-574	80	2	specific	specific	ADJ
economy-574	80	3	objectives	objective	NOUN
economy-574	80	4	of	of	ADP
economy-574	80	5	the	the	DET
economy-574	80	6	study	study	NOUN
economy-574	80	7	are	be	AUX
economy-574	80	8	as	as	SCONJ
economy-574	80	9	follows	follow	VERB
economy-574	80	10	:	:	PUNCT
economy-574	80	11	1	1	X
economy-574	80	12	.	.	X
economy-574	80	13	to	to	PART
economy-574	80	14	examine	examine	VERB
economy-574	80	15	exchange	exchange	NOUN
economy-574	80	16	rate	rate	NOUN
economy-574	80	17	volatility	volatility	NOUN
economy-574	80	18	in	in	ADP
economy-574	80	19	nigeria	nigeria	PROPN
economy-574	80	20	;	;	PUNCT
economy-574	80	21	2	2	X
economy-574	80	22	.	.	X
economy-574	80	23	to	to	PART
economy-574	80	24	investigate	investigate	VERB
economy-574	80	25	the	the	DET
economy-574	80	26	impact	impact	NOUN
economy-574	80	27	of	of	ADP
economy-574	80	28	exchange	exchange	NOUN
economy-574	80	29	rate	rate	NOUN
economy-574	80	30	fluctuation	fluctuation	NOUN
economy-574	80	31	on	on	ADP
economy-574	80	32	nigerian	nigerian	ADJ
economy-574	80	33	manufacturing	manufacturing	NOUN
economy-574	80	34	sector	sector	NOUN
economy-574	80	35	;	;	PUNCT
economy-574	80	36	3	3	X
economy-574	80	37	.	.	X
economy-574	80	38	to	to	PART
economy-574	80	39	evaluate	evaluate	VERB
economy-574	80	40	the	the	DET
economy-574	80	41	effect	effect	NOUN
economy-574	80	42	of	of	ADP
economy-574	80	43	macroeconomic	macroeconomic	ADJ
economy-574	80	44	factors	factor	NOUN
economy-574	80	45	on	on	ADP
economy-574	80	46	the	the	DET
economy-574	80	47	nigerian	nigerian	ADJ
economy-574	80	48	exchange	exchange	NOUN
economy-574	80	49	rate	rate	NOUN
economy-574	80	50	.	.	PUNCT
economy-574	81	1	1.3	1.3	NUM
economy-574	81	2	.	.	PUNCT
economy-574	82	1	research	research	NOUN
economy-574	82	2	questions	question	NOUN
economy-574	82	3	the	the	DET
economy-574	82	4	research	research	NOUN
economy-574	82	5	questions	question	NOUN
economy-574	82	6	that	that	PRON
economy-574	82	7	would	would	AUX
economy-574	82	8	be	be	AUX
economy-574	82	9	examined	examine	VERB
economy-574	82	10	in	in	ADP
economy-574	82	11	the	the	DET
economy-574	82	12	course	course	NOUN
economy-574	82	13	of	of	ADP
economy-574	82	14	the	the	DET
economy-574	82	15	study	study	NOUN
economy-574	82	16	are	be	AUX
economy-574	82	17	as	as	SCONJ
economy-574	82	18	follows	follow	VERB
economy-574	82	19	:	:	PUNCT
economy-574	83	1	1	1	X
economy-574	83	2	.	.	X
economy-574	84	1	how	how	SCONJ
economy-574	84	2	volatile	volatile	ADJ
economy-574	84	3	has	have	VERB
economy-574	84	4	the	the	DET
economy-574	84	5	exchange	exchange	NOUN
economy-574	84	6	rate	rate	NOUN
economy-574	84	7	of	of	ADP
economy-574	84	8	nigeria	nigeria	PROPN
economy-574	84	9	been	be	AUX
economy-574	84	10	over	over	ADP
economy-574	84	11	the	the	DET
economy-574	84	12	years	year	NOUN
economy-574	84	13	?	?	PUNCT
economy-574	85	1	2	2	X
economy-574	85	2	.	.	X
economy-574	85	3	to	to	ADP
economy-574	85	4	what	what	DET
economy-574	85	5	extent	extent	NOUN
economy-574	85	6	is	be	AUX
economy-574	85	7	the	the	DET
economy-574	85	8	nigerian	nigerian	ADJ
economy-574	85	9	manufacturing	manufacturing	NOUN
economy-574	85	10	sector	sector	NOUN
economy-574	85	11	sensitive	sensitive	ADJ
economy-574	85	12	to	to	PART
economy-574	85	13	exchange	exchange	VERB
economy-574	85	14	rate	rate	NOUN
economy-574	85	15	fluctuations	fluctuation	NOUN
economy-574	85	16	?	?	PUNCT
economy-574	86	1	3	3	X
economy-574	86	2	.	.	X
economy-574	86	3	what	what	PRON
economy-574	86	4	are	be	AUX
economy-574	86	5	the	the	DET
economy-574	86	6	macroeconomic	macroeconomic	ADJ
economy-574	86	7	factors	factor	NOUN
economy-574	86	8	that	that	PRON
economy-574	86	9	are	be	AUX
economy-574	86	10	responsible	responsible	ADJ
economy-574	86	11	for	for	ADP
economy-574	86	12	the	the	DET
economy-574	86	13	exchange	exchange	NOUN
economy-574	86	14	rate	rate	NOUN
economy-574	86	15	fluctuations	fluctuation	NOUN
economy-574	86	16	in	in	ADP
economy-574	86	17	nigeria	nigeria	PROPN
economy-574	86	18	?	?	PUNCT
economy-574	87	1	1.4	1.4	NUM
economy-574	87	2	.	.	PUNCT
economy-574	88	1	research	research	NOUN
economy-574	88	2	hypotheses	hypothesis	NOUN
economy-574	88	3	hypothesis	hypothesis	NOUN
economy-574	88	4	1	1	NUM
economy-574	88	5	:	:	PUNCT
economy-574	88	6	h0	h0	PROPN
economy-574	88	7	:	:	PUNCT
economy-574	88	8	that	that	SCONJ
economy-574	88	9	nigeria	nigeria	PROPN
economy-574	88	10	’s	’s	PART
economy-574	88	11	exchange	exchange	PROPN
economy-574	88	12	rate	rate	NOUN
economy-574	88	13	fluctuation	fluctuation	NOUN
economy-574	88	14	does	do	AUX
economy-574	88	15	not	not	PART
economy-574	88	16	significantly	significantly	ADV
economy-574	88	17	affect	affect	VERB
economy-574	88	18	her	her	PRON
economy-574	88	19	manufacturing	manufacturing	NOUN
economy-574	88	20	sector	sector	NOUN
economy-574	88	21	.	.	PUNCT
economy-574	89	1	h1	h1	PROPN
economy-574	89	2	:	:	PUNCT
economy-574	89	3	that	that	SCONJ
economy-574	89	4	nigeria	nigeria	PROPN
economy-574	89	5	’s	’s	PART
economy-574	89	6	exchange	exchange	NOUN
economy-574	89	7	rate	rate	NOUN
economy-574	89	8	fluctuations	fluctuation	NOUN
economy-574	89	9	significantly	significantly	ADV
economy-574	89	10	affect	affect	VERB
economy-574	89	11	her	her	PRON
economy-574	89	12	manufacturing	manufacturing	NOUN
economy-574	89	13	sector	sector	NOUN
economy-574	89	14	.	.	PUNCT
economy-574	90	1	hypothesis	hypothesis	NOUN
economy-574	90	2	2	2	NUM
economy-574	90	3	:	:	PUNCT
economy-574	90	4	h0	h0	PROPN
economy-574	90	5	:	:	PUNCT
economy-574	90	6	nigerian	nigerian	ADJ
economy-574	90	7	manufacturing	manufacturing	NOUN
economy-574	90	8	sector	sector	NOUN
economy-574	90	9	is	be	AUX
economy-574	90	10	not	not	PART
economy-574	90	11	sensitive	sensitive	ADJ
economy-574	90	12	to	to	PART
economy-574	90	13	exchange	exchange	VERB
economy-574	90	14	rate	rate	NOUN
economy-574	90	15	fluctuations	fluctuation	NOUN
economy-574	90	16	.	.	PUNCT
economy-574	91	1	h1	h1	PROPN
economy-574	91	2	:	:	PUNCT
economy-574	91	3	nigerian	nigerian	ADJ
economy-574	91	4	manufacturing	manufacturing	NOUN
economy-574	91	5	sector	sector	NOUN
economy-574	91	6	is	be	AUX
economy-574	91	7	sensitive	sensitive	ADJ
economy-574	91	8	to	to	PART
economy-574	91	9	exchange	exchange	VERB
economy-574	91	10	rate	rate	NOUN
economy-574	91	11	fluctuations	fluctuation	NOUN
economy-574	91	12	.	.	PUNCT
economy-574	92	1	hypothesis	hypothesis	NOUN
economy-574	92	2	3	3	NUM
economy-574	92	3	:	:	PUNCT
economy-574	92	4	h0	h0	PROPN
economy-574	92	5	:	:	PUNCT
economy-574	92	6	that	that	SCONJ
economy-574	92	7	nigeria	nigeria	PROPN
economy-574	92	8	’s	’s	PART
economy-574	92	9	exchange	exchange	NOUN
economy-574	92	10	rate	rate	NOUN
economy-574	92	11	is	be	AUX
economy-574	92	12	not	not	PART
economy-574	92	13	significantly	significantly	ADV
economy-574	92	14	determined	determine	VERB
economy-574	92	15	by	by	ADP
economy-574	92	16	her	her	PRON
economy-574	92	17	macroeconomic	macroeconomic	ADJ
economy-574	92	18	factors	factor	NOUN
economy-574	92	19	.	.	PUNCT
economy-574	93	1	h1	h1	PROPN
economy-574	93	2	:	:	PUNCT
economy-574	93	3	that	that	SCONJ
economy-574	93	4	nigeria	nigeria	PROPN
economy-574	93	5	’s	’s	PART
economy-574	93	6	exchange	exchange	NOUN
economy-574	93	7	rate	rate	NOUN
economy-574	93	8	is	be	AUX
economy-574	93	9	significantly	significantly	ADV
economy-574	93	10	determined	determine	VERB
economy-574	93	11	by	by	ADP
economy-574	93	12	her	her	PRON
economy-574	93	13	macroeconomic	macroeconomic	ADJ
economy-574	93	14	factors	factor	NOUN
economy-574	93	15	.	.	PUNCT
economy-574	94	1	2	2	X
economy-574	94	2	.	.	X
economy-574	94	3	theoretical	theoretical	ADJ
economy-574	94	4	framework	framework	NOUN
economy-574	94	5	for	for	ADP
economy-574	94	6	exchange	exchange	NOUN
economy-574	94	7	rate	rate	NOUN
economy-574	94	8	determination	determination	NOUN
economy-574	94	9	exchange	exchange	NOUN
economy-574	94	10	rates	rate	NOUN
economy-574	94	11	are	be	AUX
economy-574	94	12	prices	price	NOUN
economy-574	94	13	of	of	ADP
economy-574	94	14	one	one	NUM
economy-574	94	15	currency	currency	NOUN
economy-574	94	16	in	in	ADP
economy-574	94	17	terms	term	NOUN
economy-574	94	18	of	of	ADP
economy-574	94	19	another	another	PRON
economy-574	94	20	.	.	PUNCT
economy-574	95	1	in	in	ADP
economy-574	95	2	a	a	DET
economy-574	95	3	more	more	ADV
economy-574	95	4	formal	formal	ADJ
economy-574	95	5	sense	sense	NOUN
economy-574	95	6	,	,	PUNCT
economy-574	95	7	exchange	exchange	NOUN
economy-574	95	8	rate	rate	NOUN
economy-574	95	9	indicates	indicate	VERB
economy-574	95	10	the	the	DET
economy-574	95	11	international	international	ADJ
economy-574	95	12	value	value	NOUN
economy-574	95	13	of	of	ADP
economy-574	95	14	money	money	NOUN
economy-574	95	15	in	in	ADP
economy-574	95	16	terms	term	NOUN
economy-574	95	17	of	of	ADP
economy-574	95	18	purchasing	purchase	VERB
economy-574	95	19	power	power	NOUN
economy-574	95	20	,	,	PUNCT
economy-574	95	21	and	and	CCONJ
economy-574	95	22	changes	change	NOUN
economy-574	95	23	in	in	ADP
economy-574	95	24	exchange	exchange	NOUN
economy-574	95	25	rate	rate	NOUN
economy-574	95	26	indicates	indicate	VERB
economy-574	95	27	changes	change	NOUN
economy-574	95	28	in	in	ADP
economy-574	95	29	this	this	DET
economy-574	95	30	value	value	NOUN
economy-574	95	31	.	.	PUNCT
economy-574	96	1	in	in	ADP
economy-574	96	2	a	a	DET
economy-574	96	3	free	free	ADJ
economy-574	96	4	foreign	foreign	ADJ
economy-574	96	5	exchange	exchange	NOUN
economy-574	96	6	market	market	NOUN
economy-574	96	7	,	,	PUNCT
economy-574	96	8	exchange	exchange	NOUN
economy-574	96	9	rates	rate	NOUN
economy-574	96	10	are	be	AUX
economy-574	96	11	determined	determine	VERB
economy-574	96	12	by	by	ADP
economy-574	96	13	supply	supply	NOUN
economy-574	96	14	and	and	CCONJ
economy-574	96	15	demand	demand	NOUN
economy-574	96	16	,	,	PUNCT
economy-574	96	17	like	like	ADP
economy-574	96	18	other	other	ADJ
economy-574	96	19	free	free	ADJ
economy-574	96	20	market	market	NOUN
economy-574	96	21	prices	price	NOUN
economy-574	96	22	,	,	PUNCT
economy-574	96	23	exchange	exchange	NOUN
economy-574	96	24	rates	rate	NOUN
economy-574	96	25	could	could	AUX
economy-574	96	26	be	be	AUX
economy-574	96	27	determined	determine	VERB
economy-574	96	28	under	under	ADP
economy-574	96	29	three	three	NUM
economy-574	96	30	conditions	condition	NOUN
economy-574	96	31	:	:	PUNCT
economy-574	96	32	a.	a.	NOUN
economy-574	96	33	under	under	ADP
economy-574	96	34	freely	freely	ADV
economy-574	96	35	floating	float	VERB
economy-574	96	36	rates	rate	NOUN
economy-574	96	37	.	.	PUNCT
economy-574	97	1	b.	b.	PROPN
economy-574	98	1	under	under	ADP
economy-574	98	2	conditions	condition	NOUN
economy-574	98	3	when	when	SCONJ
economy-574	98	4	governments	government	NOUN
economy-574	98	5	intervene	intervene	VERB
economy-574	98	6	at	at	ADP
economy-574	98	7	certain	certain	ADJ
economy-574	98	8	points	point	NOUN
economy-574	98	9	,	,	PUNCT
economy-574	98	10	to	to	PART
economy-574	98	11	prevent	prevent	VERB
economy-574	98	12	wider	wide	ADJ
economy-574	98	13	fluctuations	fluctuation	NOUN
economy-574	98	14	in	in	ADP
economy-574	98	15	exchange	exchange	NOUN
economy-574	98	16	rates	rate	NOUN
economy-574	98	17	.	.	PUNCT
economy-574	99	1	c.	c.	NOUN
economy-574	99	2	under	under	ADP
economy-574	99	3	a	a	DET
economy-574	99	4	gold	gold	ADJ
economy-574	99	5	standard	standard	NOUN
economy-574	99	6	.	.	PUNCT
economy-574	100	1	it	it	PRON
economy-574	100	2	is	be	AUX
economy-574	100	3	expected	expect	VERB
economy-574	100	4	that	that	SCONJ
economy-574	100	5	within	within	ADP
economy-574	100	6	the	the	DET
economy-574	100	7	relevant	relevant	ADJ
economy-574	100	8	range	range	NOUN
economy-574	100	9	,	,	PUNCT
economy-574	100	10	demand	demand	VERB
economy-574	100	11	curves	curve	NOUN
economy-574	100	12	for	for	ADP
economy-574	100	13	foreign	foreign	ADJ
economy-574	100	14	exchange	exchange	NOUN
economy-574	100	15	are	be	AUX
economy-574	100	16	downward	downward	ADJ
economy-574	100	17	slopping	slopping	NOUN
economy-574	100	18	,	,	PUNCT
economy-574	100	19	so	so	SCONJ
economy-574	100	20	that	that	SCONJ
economy-574	100	21	in	in	ADP
economy-574	100	22	the	the	DET
economy-574	100	23	absence	absence	NOUN
economy-574	100	24	of	of	ADP
economy-574	100	25	intervention	intervention	NOUN
economy-574	100	26	the	the	DET
economy-574	100	27	exchange	exchange	NOUN
economy-574	100	28	rate	rate	NOUN
economy-574	100	29	tends	tend	VERB
economy-574	100	30	to	to	PART
economy-574	100	31	move	move	VERB
economy-574	100	32	towards	towards	ADP
economy-574	100	33	equilibrium	equilibrium	NOUN
economy-574	100	34	at	at	ADP
economy-574	100	35	the	the	DET
economy-574	100	36	intersection	intersection	NOUN
economy-574	100	37	of	of	ADP
economy-574	100	38	the	the	DET
economy-574	100	39	demand	demand	NOUN
economy-574	100	40	and	and	CCONJ
economy-574	100	41	supply	supply	NOUN
economy-574	100	42	curves	curve	NOUN
economy-574	100	43	.	.	PUNCT
economy-574	101	1	figure-2.1	figure-2.1	NOUN
economy-574	101	2	.	.	PUNCT
economy-574	102	1	quantity	quantity	NOUN
economy-574	102	2	of	of	ADP
economy-574	102	3	foreign	foreign	ADJ
economy-574	102	4	exchange	exchange	NOUN
economy-574	102	5	source	source	NOUN
economy-574	102	6	:	:	PUNCT
economy-574	102	7	author	author	NOUN
economy-574	102	8	’s	’s	PART
economy-574	102	9	computation	computation	NOUN
economy-574	102	10	economy	economy	NOUN
economy-574	102	11	,	,	PUNCT
economy-574	102	12	2016	2016	NUM
economy-574	102	13	,	,	PUNCT
economy-574	102	14	3(1	3(1	NUM
economy-574	102	15	):	):	PUNCT
economy-574	102	16	40	40	NUM
economy-574	102	17	-	-	SYM
economy-574	102	18	50	50	NUM
economy-574	102	19	43	43	NUM
economy-574	102	20	figure-2.2	figure-2.2	NOUN
economy-574	102	21	.	.	PUNCT
economy-574	103	1	quantity	quantity	NOUN
economy-574	103	2	of	of	ADP
economy-574	103	3	foreign	foreign	ADJ
economy-574	103	4	exchange	exchange	NOUN
economy-574	103	5	source	source	NOUN
economy-574	103	6	:	:	PUNCT
economy-574	103	7	author	author	PROPN
economy-574	103	8	’s	’s	PART
economy-574	103	9	computation	computation	NOUN
economy-574	103	10	figure	figure	NOUN
economy-574	103	11	2.1	2.1	NUM
economy-574	103	12	and	and	CCONJ
economy-574	103	13	2.2	2.2	NUM
economy-574	103	14	show	show	VERB
economy-574	103	15	the	the	DET
economy-574	103	16	market	market	NOUN
economy-574	103	17	determination	determination	NOUN
economy-574	103	18	of	of	ADP
economy-574	103	19	exchange	exchange	NOUN
economy-574	103	20	rates	rate	NOUN
economy-574	103	21	under	under	ADP
economy-574	103	22	freely	freely	ADV
economy-574	103	23	floating	float	VERB
economy-574	103	24	rates	rate	NOUN
economy-574	103	25	and	and	CCONJ
economy-574	103	26	conditions	condition	NOUN
economy-574	103	27	of	of	ADP
economy-574	103	28	government	government	NOUN
economy-574	103	29	intervention	intervention	NOUN
economy-574	103	30	,	,	PUNCT
economy-574	103	31	respectively	respectively	ADV
economy-574	103	32	.	.	PUNCT
economy-574	104	1	if	if	SCONJ
economy-574	104	2	d	d	PROPN
economy-574	104	3	is	be	AUX
economy-574	104	4	the	the	DET
economy-574	104	5	demand	demand	NOUN
economy-574	104	6	curve	curve	NOUN
economy-574	104	7	and	and	CCONJ
economy-574	104	8	s	s	NOUN
economy-574	104	9	is	be	AUX
economy-574	104	10	the	the	DET
economy-574	104	11	supply	supply	NOUN
economy-574	104	12	curve	curve	NOUN
economy-574	104	13	.	.	PUNCT
economy-574	105	1	in	in	ADP
economy-574	105	2	figure	figure	NOUN
economy-574	105	3	2.1	2.1	NUM
economy-574	105	4	the	the	DET
economy-574	105	5	equilibrium	equilibrium	NOUN
economy-574	105	6	exchange	exchange	NOUN
economy-574	105	7	rate	rate	NOUN
economy-574	105	8	is	be	AUX
economy-574	105	9	at	at	ADP
economy-574	105	10	x1	x1	PROPN
economy-574	105	11	.	.	PUNCT
economy-574	106	1	if	if	SCONJ
economy-574	106	2	the	the	DET
economy-574	106	3	demand	demand	NOUN
economy-574	106	4	curve	curve	VERB
economy-574	106	5	shifts	shift	NOUN
economy-574	106	6	to	to	PART
economy-574	106	7	d1	d1	VERB
economy-574	106	8	the	the	DET
economy-574	106	9	equilibrium	equilibrium	NOUN
economy-574	106	10	exchange	exchange	NOUN
economy-574	106	11	rate	rate	NOUN
economy-574	106	12	would	would	AUX
economy-574	106	13	rise	rise	VERB
economy-574	106	14	farther	far	ADV
economy-574	106	15	to	to	ADP
economy-574	106	16	x2	x2	PROPN
economy-574	106	17	and	and	CCONJ
economy-574	106	18	if	if	SCONJ
economy-574	106	19	the	the	DET
economy-574	106	20	supply	supply	NOUN
economy-574	106	21	curve	curve	NOUN
economy-574	106	22	should	should	AUX
economy-574	106	23	then	then	ADV
economy-574	106	24	shift	shift	VERB
economy-574	106	25	to	to	ADP
economy-574	106	26	s1	s1	PROPN
economy-574	106	27	the	the	DET
economy-574	106	28	equilibrium	equilibrium	NOUN
economy-574	106	29	exchange	exchange	NOUN
economy-574	106	30	rate	rate	NOUN
economy-574	106	31	would	would	AUX
economy-574	106	32	rise	rise	VERB
economy-574	106	33	farther	far	ADV
economy-574	106	34	to	to	PART
economy-574	106	35	x3	x3	VERB
economy-574	106	36	.	.	PUNCT
economy-574	107	1	in	in	ADP
economy-574	107	2	figure	figure	NOUN
economy-574	107	3	2.2	2.2	NUM
economy-574	107	4	illustrates	illustrate	VERB
economy-574	107	5	the	the	DET
economy-574	107	6	situation	situation	NOUN
economy-574	107	7	when	when	SCONJ
economy-574	107	8	there	there	PRON
economy-574	107	9	is	be	VERB
economy-574	107	10	government	government	NOUN
economy-574	107	11	intervention	intervention	NOUN
economy-574	107	12	.	.	PUNCT
economy-574	108	1	if	if	SCONJ
economy-574	108	2	d	d	PROPN
economy-574	108	3	and	and	CCONJ
economy-574	108	4	s	s	NOUN
economy-574	108	5	are	be	AUX
economy-574	108	6	the	the	DET
economy-574	108	7	demand	demand	NOUN
economy-574	108	8	and	and	CCONJ
economy-574	108	9	supply	supply	NOUN
economy-574	108	10	curves	curve	NOUN
economy-574	108	11	,	,	PUNCT
economy-574	108	12	there	there	PRON
economy-574	108	13	is	be	VERB
economy-574	108	14	no	no	DET
economy-574	108	15	need	need	NOUN
economy-574	108	16	for	for	ADP
economy-574	108	17	government	government	NOUN
economy-574	108	18	action	action	NOUN
economy-574	108	19	because	because	SCONJ
economy-574	108	20	the	the	DET
economy-574	108	21	equilibrium	equilibrium	NOUN
economy-574	108	22	rate	rate	NOUN
economy-574	108	23	is	be	AUX
economy-574	108	24	close	close	ADJ
economy-574	108	25	to	to	ADP
economy-574	108	26	but	but	CCONJ
economy-574	108	27	not	not	PART
economy-574	108	28	below	below	ADP
economy-574	108	29	the	the	DET
economy-574	108	30	lower	low	ADJ
economy-574	108	31	intervention	intervention	NOUN
economy-574	108	32	point	point	NOUN
economy-574	108	33	.	.	PUNCT
economy-574	109	1	if	if	SCONJ
economy-574	109	2	the	the	DET
economy-574	109	3	demand	demand	NOUN
economy-574	109	4	curve	curve	VERB
economy-574	109	5	shifts	shift	NOUN
economy-574	109	6	to	to	ADP
economy-574	109	7	d1	d1	PROPN
economy-574	109	8	,	,	PUNCT
economy-574	109	9	the	the	DET
economy-574	109	10	exchange	exchange	NOUN
economy-574	109	11	rate	rate	NOUN
economy-574	109	12	rises	rise	NOUN
economy-574	109	13	but	but	CCONJ
economy-574	109	14	there	there	PRON
economy-574	109	15	is	be	VERB
economy-574	109	16	no	no	DET
economy-574	109	17	need	need	NOUN
economy-574	109	18	for	for	ADP
economy-574	109	19	government	government	NOUN
economy-574	109	20	action	action	NOUN
economy-574	109	21	.	.	PUNCT
economy-574	110	1	if	if	SCONJ
economy-574	110	2	however	however	ADV
economy-574	110	3	,	,	PUNCT
economy-574	110	4	the	the	DET
economy-574	110	5	supply	supply	NOUN
economy-574	110	6	curve	curve	NOUN
economy-574	110	7	then	then	ADV
economy-574	110	8	shifts	shift	NOUN
economy-574	110	9	from	from	ADP
economy-574	110	10	s	s	PRON
economy-574	110	11	to	to	ADP
economy-574	110	12	s1	s1	NOUN
economy-574	110	13	,	,	PUNCT
economy-574	110	14	government	government	NOUN
economy-574	110	15	action	action	NOUN
economy-574	110	16	occurs	occur	VERB
economy-574	110	17	otherwise	otherwise	ADV
economy-574	110	18	the	the	DET
economy-574	110	19	equilibrium	equilibrium	NOUN
economy-574	110	20	rate	rate	NOUN
economy-574	110	21	would	would	AUX
economy-574	110	22	rise	rise	VERB
economy-574	110	23	above	above	ADP
economy-574	110	24	the	the	DET
economy-574	110	25	upper	upper	ADJ
economy-574	110	26	intervention	intervention	NOUN
economy-574	110	27	level	level	NOUN
economy-574	110	28	.	.	PUNCT
economy-574	111	1	government	government	NOUN
economy-574	111	2	can	can	AUX
economy-574	111	3	supply	supply	VERB
economy-574	111	4	foreign	foreign	ADJ
economy-574	111	5	exchange	exchange	NOUN
economy-574	111	6	such	such	ADJ
economy-574	111	7	that	that	SCONJ
economy-574	111	8	the	the	DET
economy-574	111	9	supply	supply	NOUN
economy-574	111	10	curve	curve	NOUN
economy-574	111	11	shifts	shift	NOUN
economy-574	111	12	to	to	AUX
economy-574	111	13	sii	sii	VERB
economy-574	111	14	so	so	SCONJ
economy-574	111	15	that	that	SCONJ
economy-574	111	16	the	the	DET
economy-574	111	17	equilibrium	equilibrium	NOUN
economy-574	111	18	rate	rate	NOUN
economy-574	111	19	is	be	AUX
economy-574	111	20	at	at	ADP
economy-574	111	21	but	but	CCONJ
economy-574	111	22	not	not	PART
economy-574	111	23	above	above	ADP
economy-574	111	24	the	the	DET
economy-574	111	25	upper	upper	ADJ
economy-574	111	26	intervention	intervention	NOUN
economy-574	111	27	level	level	NOUN
economy-574	111	28	.	.	PUNCT
economy-574	112	1	the	the	DET
economy-574	112	2	purpose	purpose	NOUN
economy-574	112	3	of	of	ADP
economy-574	112	4	government	government	NOUN
economy-574	112	5	intervention	intervention	NOUN
economy-574	112	6	is	be	AUX
economy-574	112	7	to	to	PART
economy-574	112	8	prevent	prevent	VERB
economy-574	112	9	temporary	temporary	ADJ
economy-574	112	10	factors	factor	NOUN
economy-574	112	11	for	for	ADP
economy-574	112	12	causing	cause	VERB
economy-574	112	13	shifts	shift	NOUN
economy-574	112	14	in	in	ADP
economy-574	112	15	demand	demand	NOUN
economy-574	112	16	and	and	CCONJ
economy-574	112	17	supply	supply	NOUN
economy-574	112	18	curves	curve	NOUN
economy-574	112	19	which	which	PRON
economy-574	112	20	in	in	ADP
economy-574	112	21	turn	turn	NOUN
economy-574	112	22	cause	cause	VERB
economy-574	112	23	fluctuations	fluctuation	NOUN
economy-574	112	24	in	in	ADP
economy-574	112	25	exchange	exchange	NOUN
economy-574	112	26	rates	rate	NOUN
economy-574	112	27	which	which	PRON
economy-574	112	28	may	may	AUX
economy-574	112	29	be	be	AUX
economy-574	112	30	detrimental	detrimental	ADJ
economy-574	112	31	to	to	ADP
economy-574	112	32	activities	activity	NOUN
economy-574	112	33	of	of	ADP
economy-574	112	34	those	those	DET
economy-574	112	35	engage	engage	VERB
economy-574	112	36	in	in	ADP
economy-574	112	37	foreign	foreign	ADJ
economy-574	112	38	trade	trade	NOUN
economy-574	112	39	and	and	CCONJ
economy-574	112	40	investment	investment	NOUN
economy-574	112	41	.	.	PUNCT
economy-574	113	1	in	in	ADP
economy-574	113	2	the	the	DET
economy-574	113	3	main	main	ADJ
economy-574	113	4	,	,	PUNCT
economy-574	113	5	flexible	flexible	ADJ
economy-574	113	6	rates	rate	NOUN
economy-574	113	7	were	be	AUX
economy-574	113	8	expected	expect	VERB
economy-574	113	9	to	to	PART
economy-574	113	10	isolate	isolate	VERB
economy-574	113	11	a	a	DET
economy-574	113	12	country	country	NOUN
economy-574	113	13	from	from	ADP
economy-574	113	14	monetary	monetary	ADJ
economy-574	113	15	disturbances	disturbance	NOUN
economy-574	113	16	originating	originate	VERB
economy-574	113	17	abroad	abroad	ADV
economy-574	113	18	and	and	CCONJ
economy-574	113	19	to	to	PART
economy-574	113	20	help	help	VERB
economy-574	113	21	reconcile	reconcile	ADJ
economy-574	113	22	countries	country	NOUN
economy-574	113	23	divergent	divergent	ADJ
economy-574	113	24	rates	rate	NOUN
economy-574	113	25	of	of	ADP
economy-574	113	26	monetary	monetary	ADJ
economy-574	113	27	growth	growth	NOUN
economy-574	113	28	.	.	PUNCT
economy-574	114	1	the	the	DET
economy-574	114	2	case	case	NOUN
economy-574	114	3	for	for	ADP
economy-574	114	4	exchange	exchange	NOUN
economy-574	114	5	rate	rate	NOUN
economy-574	114	6	flexibility	flexibility	NOUN
economy-574	114	7	was	be	AUX
economy-574	114	8	initially	initially	ADV
economy-574	114	9	built	build	VERB
economy-574	114	10	on	on	ADP
economy-574	114	11	a	a	DET
economy-574	114	12	belief	belief	NOUN
economy-574	114	13	that	that	SCONJ
economy-574	114	14	various	various	ADJ
economy-574	114	15	countries	country	NOUN
economy-574	114	16	can	can	AUX
economy-574	114	17	not	not	PART
economy-574	114	18	,	,	PUNCT
economy-574	114	19	for	for	ADP
economy-574	114	20	long	long	ADV
economy-574	114	21	maintain	maintain	VERB
economy-574	114	22	the	the	DET
economy-574	114	23	same	same	ADJ
economy-574	114	24	inflation	inflation	NOUN
economy-574	114	25	rate	rate	NOUN
economy-574	114	26	because	because	SCONJ
economy-574	114	27	of	of	ADP
economy-574	114	28	the	the	DET
economy-574	114	29	undesirable	undesirable	ADJ
economy-574	114	30	but	but	CCONJ
economy-574	114	31	unavoidable	unavoidable	ADJ
economy-574	114	32	tendency	tendency	NOUN
economy-574	114	33	for	for	SCONJ
economy-574	114	34	governments	government	NOUN
economy-574	114	35	to	to	PART
economy-574	114	36	mismanage	mismanage	VERB
economy-574	114	37	their	their	PRON
economy-574	114	38	currencies	currency	NOUN
economy-574	114	39	to	to	ADP
economy-574	114	40	various	various	ADJ
economy-574	114	41	degrees	degree	NOUN
economy-574	114	42	.	.	PUNCT
economy-574	115	1	differential	differential	NOUN
economy-574	115	2	rates	rate	NOUN
economy-574	115	3	adjustment	adjustment	NOUN
economy-574	115	4	and	and	CCONJ
economy-574	115	5	flexible	flexible	ADJ
economy-574	115	6	exchange	exchange	NOUN
economy-574	115	7	rates	rate	NOUN
economy-574	115	8	were	be	AUX
economy-574	115	9	seen	see	VERB
economy-574	115	10	to	to	PART
economy-574	115	11	provide	provide	VERB
economy-574	115	12	the	the	DET
economy-574	115	13	least	least	ADJ
economy-574	115	14	inconvenient	inconvenient	ADJ
economy-574	115	15	form	form	NOUN
economy-574	115	16	of	of	ADP
economy-574	115	17	adjustment	adjustment	NOUN
economy-574	115	18	.	.	PUNCT
economy-574	116	1	another	another	DET
economy-574	116	2	major	major	ADJ
economy-574	116	3	argument	argument	NOUN
economy-574	116	4	for	for	ADP
economy-574	116	5	flexible	flexible	ADJ
economy-574	116	6	rates	rate	NOUN
economy-574	116	7	was	be	AUX
economy-574	116	8	that	that	SCONJ
economy-574	116	9	they	they	PRON
economy-574	116	10	would	would	AUX
economy-574	116	11	make	make	VERB
economy-574	116	12	it	it	PRON
economy-574	116	13	possible	possible	ADJ
economy-574	116	14	for	for	SCONJ
economy-574	116	15	national	national	ADJ
economy-574	116	16	authorities	authority	NOUN
economy-574	116	17	to	to	PART
economy-574	116	18	achieve	achieve	VERB
economy-574	116	19	more	more	ADV
economy-574	116	20	stable	stable	ADJ
economy-574	116	21	rates	rate	NOUN
economy-574	116	22	of	of	ADP
economy-574	116	23	economic	economic	ADJ
economy-574	116	24	growth	growth	NOUN
economy-574	116	25	.	.	PUNCT
economy-574	117	1	2.2	2.2	NUM
economy-574	117	2	.	.	PUNCT
economy-574	117	3	approaches	approach	NOUN
economy-574	117	4	to	to	PART
economy-574	117	5	exchange	exchange	NOUN
economy-574	117	6	rate	rate	NOUN
economy-574	117	7	fluctuation	fluctuation	NOUN
economy-574	117	8	the	the	DET
economy-574	117	9	exchange	exchange	NOUN
economy-574	117	10	rate	rate	NOUN
economy-574	117	11	,	,	PUNCT
economy-574	117	12	which	which	PRON
economy-574	117	13	is	be	AUX
economy-574	117	14	the	the	DET
economy-574	117	15	price	price	NOUN
economy-574	117	16	of	of	ADP
economy-574	117	17	a	a	DET
economy-574	117	18	domestic	domestic	ADJ
economy-574	117	19	currency	currency	NOUN
economy-574	117	20	in	in	ADP
economy-574	117	21	terms	term	NOUN
economy-574	117	22	of	of	ADP
economy-574	117	23	other	other	ADJ
economy-574	117	24	currencies	currency	NOUN
economy-574	117	25	,	,	PUNCT
economy-574	117	26	is	be	AUX
economy-574	117	27	usually	usually	ADV
economy-574	117	28	determined	determined	ADJ
economy-574	117	29	in	in	ADP
economy-574	117	30	principle	principle	NOUN
economy-574	117	31	by	by	ADP
economy-574	117	32	the	the	DET
economy-574	117	33	interplay	interplay	NOUN
economy-574	117	34	of	of	ADP
economy-574	117	35	supply	supply	NOUN
economy-574	117	36	and	and	CCONJ
economy-574	117	37	demand	demand	NOUN
economy-574	117	38	in	in	ADP
economy-574	117	39	a	a	DET
economy-574	117	40	free	free	ADJ
economy-574	117	41	-	-	PUNCT
economy-574	117	42	market	market	NOUN
economy-574	117	43	environment	environment	NOUN
economy-574	117	44	.	.	PUNCT
economy-574	118	1	in	in	ADP
economy-574	118	2	practice	practice	NOUN
economy-574	118	3	,	,	PUNCT
economy-574	118	4	however	however	ADV
economy-574	118	5	,	,	PUNCT
economy-574	118	6	no	no	DET
economy-574	118	7	currency	currency	NOUN
economy-574	118	8	is	be	AUX
economy-574	118	9	allowed	allow	VERB
economy-574	118	10	to	to	PART
economy-574	118	11	float	float	VERB
economy-574	118	12	freely	freely	ADV
economy-574	118	13	by	by	ADP
economy-574	118	14	the	the	DET
economy-574	118	15	monetary	monetary	ADJ
economy-574	118	16	authorities	authority	NOUN
economy-574	118	17	.	.	PUNCT
economy-574	119	1	between	between	ADP
economy-574	119	2	the	the	DET
economy-574	119	3	fixed	fix	VERB
economy-574	119	4	and	and	CCONJ
economy-574	119	5	floating	float	VERB
economy-574	119	6	systems	system	NOUN
economy-574	119	7	of	of	ADP
economy-574	119	8	exchange	exchange	NOUN
economy-574	119	9	rate	rate	NOUN
economy-574	119	10	management	management	NOUN
economy-574	119	11	are	be	AUX
economy-574	119	12	other	other	ADJ
economy-574	119	13	regimes	regime	NOUN
economy-574	119	14	such	such	ADJ
economy-574	119	15	as	as	ADP
economy-574	119	16	the	the	DET
economy-574	119	17	managed	manage	VERB
economy-574	119	18	and	and	CCONJ
economy-574	119	19	dual	dual	ADJ
economy-574	119	20	exchange	exchange	NOUN
economy-574	119	21	rate	rate	NOUN
economy-574	119	22	regimes	regime	NOUN
economy-574	119	23	.	.	PUNCT
economy-574	120	1	uncertainty	uncertainty	NOUN
economy-574	120	2	in	in	ADP
economy-574	120	3	exchange	exchange	NOUN
economy-574	120	4	rates	rate	NOUN
economy-574	120	5	which	which	PRON
economy-574	120	6	immediately	immediately	ADV
economy-574	120	7	followed	follow	VERB
economy-574	120	8	the	the	DET
economy-574	120	9	collapse	collapse	NOUN
economy-574	120	10	of	of	ADP
economy-574	120	11	the	the	DET
economy-574	120	12	bretton	bretton	PROPN
economy-574	120	13	woods	wood	NOUN
economy-574	120	14	system	system	NOUN
economy-574	120	15	(	(	PUNCT
economy-574	120	16	alaba	alaba	PROPN
economy-574	120	17	,	,	PUNCT
economy-574	120	18	2003	2003	NUM
economy-574	120	19	)	)	PUNCT
economy-574	120	20	may	may	AUX
economy-574	120	21	be	be	AUX
economy-574	120	22	decomposed	decompose	VERB
economy-574	120	23	into	into	ADP
economy-574	120	24	two	two	NUM
economy-574	120	25	components	component	NOUN
economy-574	120	26	.	.	PUNCT
economy-574	121	1	the	the	DET
economy-574	121	2	first	first	ADJ
economy-574	121	3	reflects	reflect	VERB
economy-574	121	4	systematic	systematic	ADJ
economy-574	121	5	movement	movement	NOUN
economy-574	121	6	of	of	ADP
economy-574	121	7	the	the	DET
economy-574	121	8	exchange	exchange	NOUN
economy-574	121	9	rate	rate	NOUN
economy-574	121	10	and	and	CCONJ
economy-574	121	11	the	the	DET
economy-574	121	12	second	second	ADJ
economy-574	121	13	,	,	PUNCT
economy-574	121	14	exchange	exchange	NOUN
economy-574	121	15	volatility	volatility	NOUN
economy-574	121	16	(	(	PUNCT
economy-574	121	17	darby	darby	PROPN
economy-574	121	18	et	et	PROPN
economy-574	121	19	al	al	PROPN
economy-574	121	20	.	.	PROPN
economy-574	121	21	,	,	PUNCT
economy-574	121	22	1999	1999	NUM
economy-574	121	23	)	)	PUNCT
economy-574	121	24	.	.	PUNCT
economy-574	122	1	however	however	ADV
economy-574	122	2	hanias	hanias	PROPN
economy-574	122	3	and	and	CCONJ
economy-574	122	4	curtis	curtis	PROPN
economy-574	122	5	(	(	PUNCT
economy-574	122	6	2008	2008	NUM
economy-574	122	7	)	)	PUNCT
economy-574	122	8	noted	note	VERB
economy-574	122	9	that	that	SCONJ
economy-574	122	10	exchange	exchange	NOUN
economy-574	122	11	rate	rate	NOUN
economy-574	122	12	like	like	ADP
economy-574	122	13	some	some	DET
economy-574	122	14	other	other	ADJ
economy-574	122	15	macroeconomic	macroeconomic	ADJ
economy-574	122	16	variables	variable	NOUN
economy-574	122	17	demonstrates	demonstrate	VERB
economy-574	122	18	chaotic	chaotic	ADJ
economy-574	122	19	elements	element	NOUN
economy-574	122	20	making	make	VERB
economy-574	122	21	it	it	PRON
economy-574	122	22	difficult	difficult	ADJ
economy-574	122	23	if	if	SCONJ
economy-574	122	24	not	not	PART
economy-574	122	25	impossible	impossible	ADJ
economy-574	122	26	to	to	PART
economy-574	122	27	predict	predict	VERB
economy-574	122	28	.	.	PUNCT
economy-574	123	1	there	there	PRON
economy-574	123	2	are	be	VERB
economy-574	123	3	two	two	NUM
economy-574	123	4	primary	primary	ADJ
economy-574	123	5	approaches	approach	NOUN
economy-574	123	6	of	of	ADP
economy-574	123	7	analysing	analyse	VERB
economy-574	123	8	the	the	DET
economy-574	123	9	foreign	foreign	ADJ
economy-574	123	10	exchange	exchange	NOUN
economy-574	123	11	market	market	NOUN
economy-574	123	12	:	:	PUNCT
economy-574	123	13	technical	technical	ADJ
economy-574	123	14	analysis	analysis	NOUN
economy-574	123	15	and	and	CCONJ
economy-574	123	16	fundamental	fundamental	ADJ
economy-574	123	17	analysis	analysis	NOUN
economy-574	123	18	.	.	PUNCT
economy-574	124	1	there	there	PRON
economy-574	124	2	is	be	VERB
economy-574	124	3	a	a	DET
economy-574	124	4	debate	debate	NOUN
economy-574	124	5	on	on	ADP
economy-574	124	6	which	which	PRON
economy-574	124	7	of	of	ADP
economy-574	124	8	these	these	DET
economy-574	124	9	two	two	NUM
economy-574	124	10	approaches	approach	NOUN
economy-574	124	11	is	be	AUX
economy-574	124	12	more	more	ADV
economy-574	124	13	effective	effective	ADJ
economy-574	124	14	in	in	ADP
economy-574	124	15	analysing	analyse	VERB
economy-574	124	16	exchange	exchange	NOUN
economy-574	124	17	rate	rate	NOUN
economy-574	124	18	movements	movement	NOUN
economy-574	124	19	.	.	PUNCT
economy-574	125	1	while	while	SCONJ
economy-574	125	2	the	the	DET
economy-574	125	3	proponents	proponent	NOUN
economy-574	125	4	of	of	ADP
economy-574	125	5	technical	technical	ADJ
economy-574	125	6	analysis	analysis	NOUN
economy-574	125	7	argue	argue	VERB
economy-574	125	8	that	that	SCONJ
economy-574	125	9	forces	force	NOUN
economy-574	125	10	of	of	ADP
economy-574	125	11	demand	demand	NOUN
economy-574	125	12	and	and	CCONJ
economy-574	125	13	supply	supply	NOUN
economy-574	125	14	are	be	AUX
economy-574	125	15	the	the	DET
economy-574	125	16	determinants	determinant	NOUN
economy-574	125	17	of	of	ADP
economy-574	125	18	exchange	exchange	NOUN
economy-574	125	19	rate	rate	NOUN
economy-574	125	20	movements	movement	NOUN
economy-574	125	21	,	,	PUNCT
economy-574	125	22	fundamental	fundamental	ADJ
economy-574	125	23	analysts	analyst	NOUN
economy-574	125	24	opine	opine	VERB
economy-574	125	25	that	that	SCONJ
economy-574	125	26	macroeconomic	macroeconomic	ADJ
economy-574	125	27	indicators	indicator	NOUN
economy-574	125	28	,	,	PUNCT
economy-574	125	29	asset	asset	NOUN
economy-574	125	30	market	market	NOUN
economy-574	125	31	and	and	CCONJ
economy-574	125	32	political	political	ADJ
economy-574	125	33	considerations	consideration	NOUN
economy-574	125	34	are	be	AUX
economy-574	125	35	the	the	DET
economy-574	125	36	determinants	determinant	NOUN
economy-574	125	37	of	of	ADP
economy-574	125	38	exchange	exchange	NOUN
economy-574	125	39	rate	rate	NOUN
economy-574	125	40	movements	movement	NOUN
economy-574	125	41	.	.	PUNCT
economy-574	126	1	lipsey	lipsey	NOUN
economy-574	126	2	and	and	CCONJ
economy-574	126	3	chrystal	chrystal	ADJ
economy-574	126	4	(	(	PUNCT
economy-574	126	5	1995	1995	NUM
economy-574	126	6	)	)	PUNCT
economy-574	126	7	note	note	VERB
economy-574	126	8	that	that	SCONJ
economy-574	126	9	fluctuation	fluctuation	NOUN
economy-574	126	10	in	in	ADP
economy-574	126	11	the	the	DET
economy-574	126	12	exchange	exchange	NOUN
economy-574	126	13	rate	rate	NOUN
economy-574	126	14	is	be	AUX
economy-574	126	15	as	as	ADP
economy-574	126	16	a	a	DET
economy-574	126	17	result	result	NOUN
economy-574	126	18	of	of	ADP
economy-574	126	19	changes	change	NOUN
economy-574	126	20	in	in	ADP
economy-574	126	21	demand	demand	NOUN
economy-574	126	22	and	and	CCONJ
economy-574	126	23	supply	supply	NOUN
economy-574	126	24	in	in	ADP
economy-574	126	25	the	the	DET
economy-574	126	26	foreign	foreign	ADJ
economy-574	126	27	exchange	exchange	NOUN
economy-574	126	28	market	market	NOUN
economy-574	126	29	.	.	PUNCT
economy-574	127	1	they	they	PRON
economy-574	127	2	opine	opine	VERB
economy-574	127	3	that	that	SCONJ
economy-574	127	4	there	there	PRON
economy-574	127	5	are	be	VERB
economy-574	127	6	a	a	DET
economy-574	127	7	number	number	NOUN
economy-574	127	8	of	of	ADP
economy-574	127	9	factors	factor	NOUN
economy-574	127	10	(	(	PUNCT
economy-574	127	11	some	some	PRON
economy-574	127	12	of	of	ADP
economy-574	127	13	which	which	PRON
economy-574	127	14	are	be	AUX
economy-574	127	15	transitory	transitory	ADJ
economy-574	127	16	and	and	CCONJ
economy-574	127	17	some	some	PRON
economy-574	127	18	are	be	AUX
economy-574	127	19	persistent	persistent	ADJ
economy-574	127	20	)	)	PUNCT
economy-574	127	21	that	that	PRON
economy-574	127	22	cause	cause	VERB
economy-574	127	23	shifts	shift	NOUN
economy-574	127	24	in	in	ADP
economy-574	127	25	demand	demand	NOUN
economy-574	127	26	and	and	CCONJ
economy-574	127	27	supply	supply	NOUN
economy-574	127	28	that	that	PRON
economy-574	127	29	lead	lead	VERB
economy-574	127	30	to	to	ADP
economy-574	127	31	changes	change	NOUN
economy-574	127	32	in	in	ADP
economy-574	127	33	exchange	exchange	NOUN
economy-574	127	34	rate	rate	NOUN
economy-574	127	35	.	.	PUNCT
economy-574	128	1	some	some	PRON
economy-574	128	2	of	of	ADP
economy-574	128	3	the	the	DET
economy-574	128	4	factors	factor	NOUN
economy-574	128	5	mentioned	mention	VERB
economy-574	128	6	are	be	AUX
economy-574	128	7	:	:	PUNCT
economy-574	128	8	a	a	DET
economy-574	128	9	rise	rise	NOUN
economy-574	128	10	in	in	ADP
economy-574	128	11	the	the	DET
economy-574	128	12	domestic	domestic	ADJ
economy-574	128	13	price	price	NOUN
economy-574	128	14	of	of	ADP
economy-574	128	15	exports	export	NOUN
economy-574	128	16	,	,	PUNCT
economy-574	128	17	a	a	DET
economy-574	128	18	rise	rise	NOUN
economy-574	128	19	in	in	ADP
economy-574	128	20	the	the	DET
economy-574	128	21	foreign	foreign	ADJ
economy-574	128	22	price	price	NOUN
economy-574	128	23	of	of	ADP
economy-574	128	24	imports	import	NOUN
economy-574	128	25	,	,	PUNCT
economy-574	128	26	change	change	NOUN
economy-574	128	27	in	in	ADP
economy-574	128	28	price	price	NOUN
economy-574	128	29	levels	level	NOUN
economy-574	128	30	,	,	PUNCT
economy-574	128	31	capital	capital	NOUN
economy-574	128	32	movements	movement	NOUN
economy-574	128	33	and	and	CCONJ
economy-574	128	34	structural	structural	ADJ
economy-574	128	35	changes	change	NOUN
economy-574	128	36	.	.	PUNCT
economy-574	129	1	macdonald	macdonald	PROPN
economy-574	129	2	(	(	PUNCT
economy-574	129	3	1997	1997	NUM
economy-574	129	4	)	)	PUNCT
economy-574	129	5	examined	examine	VERB
economy-574	129	6	the	the	DET
economy-574	129	7	determinants	determinant	NOUN
economy-574	129	8	of	of	ADP
economy-574	129	9	real	real	ADJ
economy-574	129	10	exchange	exchange	NOUN
economy-574	129	11	rates	rate	NOUN
economy-574	129	12	in	in	ADP
economy-574	129	13	a	a	DET
economy-574	129	14	‘	'	PUNCT
economy-574	129	15	long	long	ADV
economy-574	129	16	-	-	PUNCT
economy-574	129	17	run	run	NOUN
economy-574	129	18	’	'	PUNCT
economy-574	129	19	setting	set	VERB
economy-574	129	20	investigating	investigate	VERB
economy-574	129	21	the	the	DET
economy-574	129	22	influence	influence	NOUN
economy-574	129	23	of	of	ADP
economy-574	129	24	fundamental	fundamental	ADJ
economy-574	129	25	factor	factor	NOUN
economy-574	129	26	such	such	ADJ
economy-574	129	27	as	as	ADP
economy-574	129	28	:	:	PUNCT
economy-574	129	29	productivity	productivity	NOUN
economy-574	129	30	and	and	CCONJ
economy-574	129	31	terms	term	NOUN
economy-574	129	32	of	of	ADP
economy-574	129	33	trade	trade	NOUN
economy-574	129	34	,	,	PUNCT
economy-574	129	35	in	in	ADP
economy-574	129	36	addition	addition	NOUN
economy-574	129	37	to	to	ADP
economy-574	129	38	fiscal	fiscal	ADJ
economy-574	129	39	balances	balance	NOUN
economy-574	129	40	,	,	PUNCT
economy-574	129	41	net	net	ADJ
economy-574	129	42	foreign	foreign	ADJ
economy-574	129	43	assets	asset	NOUN
economy-574	129	44	and	and	CCONJ
economy-574	129	45	real	real	ADJ
economy-574	129	46	interest	interest	NOUN
economy-574	129	47	rates	rate	NOUN
economy-574	129	48	.	.	PUNCT
economy-574	130	1	the	the	DET
economy-574	130	2	study	study	NOUN
economy-574	130	3	findings	finding	NOUN
economy-574	130	4	revealed	reveal	VERB
economy-574	130	5	that	that	SCONJ
economy-574	130	6	fundamentals	fundamental	NOUN
economy-574	130	7	do	do	AUX
economy-574	130	8	have	have	VERB
economy-574	130	9	an	an	DET
economy-574	130	10	important	important	ADJ
economy-574	130	11	,	,	PUNCT
economy-574	130	12	and	and	CCONJ
economy-574	130	13	significant	significant	ADJ
economy-574	130	14	,	,	PUNCT
economy-574	130	15	bearing	bear	VERB
economy-574	130	16	on	on	ADP
economy-574	130	17	the	the	DET
economy-574	130	18	determination	determination	NOUN
economy-574	130	19	of	of	ADP
economy-574	130	20	both	both	CCONJ
economy-574	130	21	long	long	ADV
economy-574	130	22	-	-	PUNCT
economy-574	130	23	run	run	VERB
economy-574	130	24	and	and	CCONJ
economy-574	130	25	short	short	ADJ
economy-574	130	26	-	-	PUNCT
economy-574	130	27	run	run	NOUN
economy-574	130	28	exchange	exchange	NOUN
economy-574	130	29	rates	rate	NOUN
economy-574	130	30	.	.	PUNCT
economy-574	131	1	in	in	ADP
economy-574	131	2	an	an	DET
economy-574	131	3	empirical	empirical	ADJ
economy-574	131	4	analysis	analysis	NOUN
economy-574	131	5	of	of	ADP
economy-574	131	6	bilateral	bilateral	ADJ
economy-574	131	7	exchange	exchange	NOUN
economy-574	131	8	rates	rate	NOUN
economy-574	131	9	between	between	ADP
economy-574	131	10	the	the	DET
economy-574	131	11	us	us	PROPN
economy-574	131	12	and	and	CCONJ
economy-574	131	13	other	other	ADJ
economy-574	131	14	industrialized	industrialized	ADJ
economy-574	131	15	countries	country	NOUN
economy-574	131	16	,	,	PUNCT
economy-574	131	17	engel	engel	PROPN
economy-574	131	18	(	(	PUNCT
economy-574	131	19	1999)shows	1999)show	NOUN
economy-574	131	20	directly	directly	ADV
economy-574	131	21	that	that	SCONJ
economy-574	131	22	almost	almost	ADV
economy-574	131	23	all	all	PRON
economy-574	131	24	real	real	ADJ
economy-574	131	25	exchange	exchange	NOUN
economy-574	131	26	rate	rate	NOUN
economy-574	131	27	fluctuations	fluctuation	NOUN
economy-574	131	28	are	be	AUX
economy-574	131	29	attributable	attributable	ADJ
economy-574	131	30	to	to	ADP
economy-574	131	31	fluctuations	fluctuation	NOUN
economy-574	131	32	in	in	ADP
economy-574	131	33	the	the	DET
economy-574	131	34	international	international	ADJ
economy-574	131	35	relative	relative	ADJ
economy-574	131	36	prices	price	NOUN
economy-574	131	37	of	of	ADP
economy-574	131	38	traded	trade	VERB
economy-574	131	39	goods	good	NOUN
economy-574	131	40	.	.	PUNCT
economy-574	132	1	this	this	DET
economy-574	132	2	result	result	NOUN
economy-574	132	3	is	be	AUX
economy-574	132	4	at	at	ADP
economy-574	132	5	least	least	ADJ
economy-574	132	6	consistent	consistent	ADJ
economy-574	132	7	with	with	ADP
economy-574	132	8	the	the	DET
economy-574	132	9	fact	fact	NOUN
economy-574	132	10	that	that	SCONJ
economy-574	132	11	real	real	ADJ
economy-574	132	12	and	and	CCONJ
economy-574	132	13	nominal	nominal	ADJ
economy-574	132	14	exchange	exchange	NOUN
economy-574	132	15	rate	rate	NOUN
economy-574	132	16	changes	change	NOUN
economy-574	132	17	are	be	AUX
economy-574	132	18	highly	highly	ADV
economy-574	132	19	correlated	correlate	VERB
economy-574	132	20	,	,	PUNCT
economy-574	132	21	since	since	SCONJ
economy-574	132	22	real	real	ADJ
economy-574	132	23	shocks	shock	NOUN
economy-574	132	24	to	to	ADP
economy-574	132	25	the	the	DET
economy-574	132	26	relative	relative	ADJ
economy-574	132	27	price	price	NOUN
economy-574	132	28	of	of	ADP
economy-574	132	29	non	non	ADJ
economy-574	132	30	-	-	ADJ
economy-574	132	31	traded	trade	VERB
economy-574	132	32	to	to	ADP
economy-574	132	33	traded	trade	VERB
economy-574	132	34	goods	good	NOUN
economy-574	132	35	do	do	AUX
economy-574	132	36	not	not	PART
economy-574	132	37	seem	seem	VERB
economy-574	132	38	to	to	PART
economy-574	132	39	matter	matter	VERB
economy-574	132	40	.	.	PUNCT
economy-574	133	1	however	however	ADV
economy-574	133	2	,	,	PUNCT
economy-574	133	3	while	while	SCONJ
economy-574	133	4	the	the	DET
economy-574	133	5	variability	variability	NOUN
economy-574	133	6	of	of	ADP
economy-574	133	7	the	the	DET
economy-574	133	8	real	real	ADJ
economy-574	133	9	exchange	exchange	NOUN
economy-574	133	10	rate	rate	NOUN
economy-574	133	11	is	be	AUX
economy-574	133	12	far	far	ADV
economy-574	133	13	greater	great	ADJ
economy-574	133	14	than	than	ADP
economy-574	133	15	that	that	PRON
economy-574	133	16	of	of	ADP
economy-574	133	17	the	the	DET
economy-574	133	18	relative	relative	ADJ
economy-574	133	19	price	price	NOUN
economy-574	133	20	of	of	ADP
economy-574	133	21	nontraded	nontraded	ADJ
economy-574	133	22	to	to	ADP
economy-574	133	23	traded	trade	VERB
economy-574	133	24	goods	good	NOUN
economy-574	133	25	across	across	ADP
economy-574	133	26	countries	country	NOUN
economy-574	133	27	,	,	PUNCT
economy-574	133	28	there	there	PRON
economy-574	133	29	is	be	VERB
economy-574	133	30	also	also	ADV
economy-574	133	31	a	a	DET
economy-574	133	32	very	very	ADV
economy-574	133	33	high	high	ADJ
economy-574	133	34	simultaneous	simultaneous	ADJ
economy-574	133	35	correlation	correlation	NOUN
economy-574	133	36	between	between	ADP
economy-574	133	37	the	the	DET
economy-574	133	38	two	two	NUM
economy-574	133	39	(	(	PUNCT
economy-574	133	40	betts	betts	PROPN
economy-574	133	41	and	and	CCONJ
economy-574	133	42	kehoe	kehoe	PROPN
economy-574	133	43	,	,	PUNCT
economy-574	133	44	2005	2005	NUM
economy-574	133	45	)	)	PUNCT
economy-574	133	46	.	.	PUNCT
economy-574	134	1	economy	economy	NOUN
economy-574	134	2	,	,	PUNCT
economy-574	134	3	2016	2016	NUM
economy-574	134	4	,	,	PUNCT
economy-574	134	5	3(1	3(1	NUM
economy-574	134	6	):	):	PUNCT
economy-574	134	7	40	40	NUM
economy-574	134	8	-	-	SYM
economy-574	134	9	50	50	NUM
economy-574	134	10	44	44	NUM
economy-574	134	11	2.2	2.2	NUM
economy-574	134	12	.	.	PUNCT
economy-574	135	1	empirical	empirical	ADJ
economy-574	135	2	review	review	NOUN
economy-574	135	3	although	although	SCONJ
economy-574	135	4	,	,	PUNCT
economy-574	135	5	exchange	exchange	NOUN
economy-574	135	6	rate	rate	NOUN
economy-574	135	7	volatility	volatility	NOUN
economy-574	135	8	affects	affect	VERB
economy-574	135	9	macroeconomic	macroeconomic	ADJ
economy-574	135	10	fundamentals	fundamental	NOUN
economy-574	135	11	(	(	PUNCT
economy-574	135	12	chong	chong	PROPN
economy-574	135	13	and	and	CCONJ
economy-574	135	14	tan	tan	PROPN
economy-574	135	15	,	,	PUNCT
economy-574	135	16	2008	2008	NUM
economy-574	135	17	)	)	PUNCT
economy-574	135	18	,	,	PUNCT
economy-574	135	19	the	the	DET
economy-574	135	20	sensitivity	sensitivity	NOUN
economy-574	135	21	of	of	ADP
economy-574	135	22	manufacturing	manufacture	VERB
economy-574	135	23	companies	company	NOUN
economy-574	135	24	to	to	PART
economy-574	135	25	exchange	exchange	VERB
economy-574	135	26	rate	rate	NOUN
economy-574	135	27	variations	variation	NOUN
economy-574	135	28	is	be	AUX
economy-574	135	29	expectedly	expectedly	ADV
economy-574	135	30	high	high	ADJ
economy-574	135	31	if	if	SCONJ
economy-574	135	32	they	they	PRON
economy-574	135	33	operate	operate	VERB
economy-574	135	34	with	with	ADP
economy-574	135	35	an	an	DET
economy-574	135	36	international	international	ADJ
economy-574	135	37	supply	supply	NOUN
economy-574	135	38	chain	chain	NOUN
economy-574	135	39	and/or	and/or	CCONJ
economy-574	135	40	in	in	ADP
economy-574	135	41	an	an	DET
economy-574	135	42	international	international	ADJ
economy-574	135	43	market	market	NOUN
economy-574	135	44	.	.	PUNCT
economy-574	136	1	the	the	DET
economy-574	136	2	responsiveness	responsiveness	NOUN
economy-574	136	3	of	of	ADP
economy-574	136	4	manufacturing	manufacturing	NOUN
economy-574	136	5	companies	company	NOUN
economy-574	136	6	/	/	SYM
economy-574	136	7	sector	sector	NOUN
economy-574	136	8	to	to	PART
economy-574	136	9	exchange	exchange	VERB
economy-574	136	10	rate	rate	NOUN
economy-574	136	11	risk	risk	NOUN
economy-574	136	12	has	have	AUX
economy-574	136	13	been	be	AUX
economy-574	136	14	investigated	investigate	VERB
economy-574	136	15	extensively	extensively	ADV
economy-574	136	16	in	in	ADP
economy-574	136	17	the	the	DET
economy-574	136	18	literature	literature	NOUN
economy-574	136	19	with	with	ADP
economy-574	136	20	various	various	ADJ
economy-574	136	21	findings	finding	NOUN
economy-574	136	22	and	and	CCONJ
economy-574	136	23	assertions	assertion	NOUN
economy-574	136	24	made	make	VERB
economy-574	136	25	.	.	PUNCT
economy-574	137	1	some	some	PRON
economy-574	137	2	of	of	ADP
economy-574	137	3	these	these	DET
economy-574	137	4	findings	finding	NOUN
economy-574	137	5	are	be	AUX
economy-574	137	6	reviewed	review	VERB
economy-574	137	7	below	below	ADV
economy-574	137	8	.	.	PUNCT
economy-574	138	1	according	accord	VERB
economy-574	138	2	to	to	ADP
economy-574	138	3	allayannis	allayannis	NOUN
economy-574	138	4	and	and	CCONJ
economy-574	138	5	ofek	ofek	NOUN
economy-574	138	6	(	(	PUNCT
economy-574	138	7	1997	1997	NUM
economy-574	138	8	)	)	PUNCT
economy-574	138	9	exchange	exchange	NOUN
economy-574	138	10	rate	rate	NOUN
economy-574	138	11	variations	variation	NOUN
economy-574	138	12	affect	affect	VERB
economy-574	138	13	manufacturing	manufacture	VERB
economy-574	138	14	companies	company	NOUN
economy-574	138	15	as	as	ADP
economy-574	138	16	its	its	PRON
economy-574	138	17	affects	affect	NOUN
economy-574	138	18	their	their	PRON
economy-574	138	19	expected	expect	VERB
economy-574	138	20	future	future	ADJ
economy-574	138	21	cash	cash	NOUN
economy-574	138	22	flows	flow	NOUN
economy-574	138	23	and	and	CCONJ
economy-574	138	24	therefore	therefore	ADV
economy-574	138	25	their	their	PRON
economy-574	138	26	value	value	NOUN
economy-574	138	27	,	,	PUNCT
economy-574	138	28	by	by	ADP
economy-574	138	29	changing	change	VERB
economy-574	138	30	the	the	DET
economy-574	138	31	home	home	NOUN
economy-574	138	32	currency	currency	NOUN
economy-574	138	33	value	value	NOUN
economy-574	138	34	of	of	ADP
economy-574	138	35	their	their	PRON
economy-574	138	36	foreign	foreign	ADJ
economy-574	138	37	revenues	revenue	NOUN
economy-574	138	38	(	(	PUNCT
economy-574	138	39	and	and	CCONJ
economy-574	138	40	costs	cost	NOUN
economy-574	138	41	as	as	SCONJ
economy-574	138	42	the	the	DET
economy-574	138	43	case	case	NOUN
economy-574	138	44	may	may	AUX
economy-574	138	45	be	be	AUX
economy-574	138	46	)	)	PUNCT
economy-574	138	47	and	and	CCONJ
economy-574	138	48	the	the	DET
economy-574	138	49	terms	term	NOUN
economy-574	138	50	of	of	ADP
economy-574	138	51	competition	competition	NOUN
economy-574	138	52	in	in	ADP
economy-574	138	53	the	the	DET
economy-574	138	54	international	international	ADJ
economy-574	138	55	market	market	NOUN
economy-574	138	56	.	.	PUNCT
economy-574	139	1	however	however	ADV
economy-574	139	2	,	,	PUNCT
economy-574	139	3	their	their	PRON
economy-574	139	4	empirical	empirical	ADJ
economy-574	139	5	analysis	analysis	NOUN
economy-574	139	6	revealed	reveal	VERB
economy-574	139	7	that	that	SCONJ
economy-574	139	8	the	the	DET
economy-574	139	9	exchange	exchange	NOUN
economy-574	139	10	rate	rate	NOUN
economy-574	139	11	exposure	exposure	NOUN
economy-574	139	12	of	of	ADP
economy-574	139	13	manufacturing	manufacturing	NOUN
economy-574	139	14	companies	company	NOUN
economy-574	139	15	can	can	AUX
economy-574	139	16	be	be	AUX
economy-574	139	17	reduced	reduce	VERB
economy-574	139	18	significantly	significantly	ADV
economy-574	139	19	through	through	ADP
economy-574	139	20	extensive	extensive	ADJ
economy-574	139	21	use	use	NOUN
economy-574	139	22	of	of	ADP
economy-574	139	23	foreign	foreign	ADJ
economy-574	139	24	currency	currency	NOUN
economy-574	139	25	derivatives	derivative	NOUN
economy-574	139	26	and	and	CCONJ
economy-574	139	27	other	other	ADJ
economy-574	139	28	hedging	hedging	NOUN
economy-574	139	29	instruments	instrument	NOUN
economy-574	139	30	.	.	PUNCT
economy-574	140	1	mahidhar	mahidhar	PROPN
economy-574	140	2	(	(	PUNCT
economy-574	140	3	2006	2006	NUM
economy-574	140	4	)	)	PUNCT
economy-574	140	5	argues	argue	VERB
economy-574	140	6	that	that	SCONJ
economy-574	140	7	sharp	sharp	ADJ
economy-574	140	8	and	and	CCONJ
economy-574	140	9	persistent	persistent	ADJ
economy-574	140	10	variations	variation	NOUN
economy-574	140	11	in	in	ADP
economy-574	140	12	exchange	exchange	NOUN
economy-574	140	13	rate	rate	NOUN
economy-574	140	14	will	will	AUX
economy-574	140	15	not	not	PART
economy-574	140	16	only	only	ADV
economy-574	140	17	create	create	VERB
economy-574	140	18	discrepancies	discrepancy	NOUN
economy-574	140	19	in	in	ADP
economy-574	140	20	cost	cost	NOUN
economy-574	140	21	and	and	CCONJ
economy-574	140	22	revenue	revenue	NOUN
economy-574	140	23	models	model	NOUN
economy-574	140	24	of	of	ADP
economy-574	140	25	companies	company	NOUN
economy-574	140	26	that	that	PRON
economy-574	140	27	operate	operate	VERB
economy-574	140	28	in	in	ADP
economy-574	140	29	the	the	DET
economy-574	140	30	international	international	ADJ
economy-574	140	31	market	market	NOUN
economy-574	140	32	thereby	thereby	ADV
economy-574	140	33	resulting	result	VERB
economy-574	140	34	in	in	ADP
economy-574	140	35	operational	operational	ADJ
economy-574	140	36	and	and	CCONJ
economy-574	140	37	strategic	strategic	ADJ
economy-574	140	38	risks	risk	NOUN
economy-574	140	39	,	,	PUNCT
economy-574	140	40	it	it	PRON
economy-574	140	41	also	also	ADV
economy-574	140	42	creates	create	VERB
economy-574	140	43	risk	risk	NOUN
economy-574	140	44	exposures	exposure	NOUN
economy-574	140	45	across	across	ADP
economy-574	140	46	the	the	DET
economy-574	140	47	supply	supply	NOUN
economy-574	140	48	chains	chain	NOUN
economy-574	140	49	and	and	CCONJ
economy-574	140	50	could	could	AUX
economy-574	140	51	as	as	ADV
economy-574	140	52	well	well	ADV
economy-574	140	53	change	change	VERB
economy-574	140	54	the	the	DET
economy-574	140	55	competitive	competitive	ADJ
economy-574	140	56	landscape	landscape	NOUN
economy-574	140	57	.	.	PUNCT
economy-574	141	1	he	he	PRON
economy-574	141	2	noted	note	VERB
economy-574	141	3	that	that	SCONJ
economy-574	141	4	companies	company	NOUN
economy-574	141	5	that	that	PRON
economy-574	141	6	are	be	AUX
economy-574	141	7	exposed	expose	VERB
economy-574	141	8	to	to	ADP
economy-574	141	9	exchange	exchange	NOUN
economy-574	141	10	rate	rate	NOUN
economy-574	141	11	risk	risk	NOUN
economy-574	141	12	are	be	AUX
economy-574	141	13	advised	advise	VERB
economy-574	141	14	to	to	PART
economy-574	141	15	adopt	adopt	VERB
economy-574	141	16	operational	operational	ADJ
economy-574	141	17	hedging	hedging	NOUN
economy-574	141	18	strategies	strategy	NOUN
economy-574	141	19	.	.	PUNCT
economy-574	142	1	dekle	dekle	NOUN
economy-574	142	2	and	and	CCONJ
economy-574	142	3	ryoo	ryoo	PROPN
economy-574	142	4	(	(	PUNCT
economy-574	142	5	2002	2002	NUM
economy-574	142	6	)	)	PUNCT
economy-574	142	7	developed	develop	VERB
economy-574	142	8	a	a	DET
economy-574	142	9	model	model	NOUN
economy-574	142	10	of	of	ADP
economy-574	142	11	an	an	DET
economy-574	142	12	exporting	export	VERB
economy-574	142	13	firm	firm	NOUN
economy-574	142	14	that	that	PRON
economy-574	142	15	experiences	experience	VERB
economy-574	142	16	fluctuating	fluctuate	VERB
economy-574	142	17	exchange	exchange	NOUN
economy-574	142	18	rates	rate	NOUN
economy-574	142	19	and	and	CCONJ
economy-574	142	20	shocks	shock	NOUN
economy-574	142	21	to	to	ADP
economy-574	142	22	its	its	PRON
economy-574	142	23	cash	cash	NOUN
economy-574	142	24	flow	flow	NOUN
economy-574	142	25	.	.	PUNCT
economy-574	143	1	the	the	DET
economy-574	143	2	firm	firm	NOUN
economy-574	143	3	uses	use	VERB
economy-574	143	4	its	its	PRON
economy-574	143	5	cash	cash	NOUN
economy-574	143	6	flow	flow	NOUN
economy-574	143	7	and	and	CCONJ
economy-574	143	8	borrows	borrow	VERB
economy-574	143	9	from	from	ADP
economy-574	143	10	the	the	DET
economy-574	143	11	financial	financial	ADJ
economy-574	143	12	markets	market	NOUN
economy-574	143	13	to	to	PART
economy-574	143	14	produce	produce	VERB
economy-574	143	15	for	for	ADP
economy-574	143	16	export	export	NOUN
economy-574	143	17	later	later	ADV
economy-574	143	18	in	in	ADP
economy-574	143	19	the	the	DET
economy-574	143	20	period	period	NOUN
economy-574	143	21	.	.	PUNCT
economy-574	144	1	they	they	PRON
economy-574	144	2	noted	note	VERB
economy-574	144	3	that	that	SCONJ
economy-574	144	4	exchange	exchange	NOUN
economy-574	144	5	rate	rate	NOUN
economy-574	144	6	and	and	CCONJ
economy-574	144	7	shocks	shock	NOUN
economy-574	144	8	to	to	ADP
economy-574	144	9	cash	cash	NOUN
economy-574	144	10	flows	flow	NOUN
economy-574	144	11	are	be	AUX
economy-574	144	12	correlated	correlate	VERB
economy-574	144	13	,	,	PUNCT
economy-574	144	14	but	but	CCONJ
economy-574	144	15	the	the	DET
economy-574	144	16	correlation	correlation	NOUN
economy-574	144	17	could	could	AUX
economy-574	144	18	be	be	AUX
economy-574	144	19	positive	positive	ADJ
economy-574	144	20	or	or	CCONJ
economy-574	144	21	negative	negative	ADJ
economy-574	144	22	.	.	PUNCT
economy-574	145	1	if	if	SCONJ
economy-574	145	2	,	,	PUNCT
economy-574	145	3	for	for	ADP
economy-574	145	4	example	example	NOUN
economy-574	145	5	,	,	PUNCT
economy-574	145	6	they	they	PRON
economy-574	145	7	are	be	AUX
economy-574	145	8	negatively	negatively	ADV
economy-574	145	9	correlated	correlate	VERB
economy-574	145	10	,	,	PUNCT
economy-574	145	11	then	then	ADV
economy-574	145	12	the	the	DET
economy-574	145	13	firm	firm	NOUN
economy-574	145	14	will	will	AUX
economy-574	145	15	suffer	suffer	VERB
economy-574	145	16	from	from	ADP
economy-574	145	17	low	low	ADJ
economy-574	145	18	cash	cash	NOUN
economy-574	145	19	flows	flow	NOUN
economy-574	145	20	when	when	SCONJ
economy-574	145	21	its	its	PRON
economy-574	145	22	exchange	exchange	NOUN
economy-574	145	23	rate	rate	NOUN
economy-574	145	24	is	be	AUX
economy-574	145	25	depreciated	depreciate	VERB
economy-574	145	26	.	.	PUNCT
economy-574	146	1	that	that	PRON
economy-574	146	2	is	is	ADV
economy-574	146	3	,	,	PUNCT
economy-574	146	4	the	the	DET
economy-574	146	5	firm	firm	NOUN
economy-574	146	6	’s	’s	PART
economy-574	146	7	production	production	NOUN
economy-574	146	8	will	will	AUX
economy-574	146	9	be	be	AUX
economy-574	146	10	constrained	constrain	VERB
economy-574	146	11	exactly	exactly	ADV
economy-574	146	12	at	at	ADP
economy-574	146	13	the	the	DET
economy-574	146	14	time	time	NOUN
economy-574	146	15	when	when	SCONJ
economy-574	146	16	its	its	PRON
economy-574	146	17	export	export	NOUN
economy-574	146	18	opportunities	opportunity	NOUN
economy-574	146	19	are	be	AUX
economy-574	146	20	greatest	great	ADJ
economy-574	146	21	.	.	PUNCT
economy-574	147	1	this	this	PRON
economy-574	147	2	provides	provide	VERB
economy-574	147	3	the	the	DET
economy-574	147	4	rationale	rationale	NOUN
economy-574	147	5	for	for	SCONJ
economy-574	147	6	the	the	DET
economy-574	147	7	firm	firm	NOUN
economy-574	147	8	to	to	PART
economy-574	147	9	hedge	hedge	VERB
economy-574	147	10	against	against	ADP
economy-574	147	11	shocks	shock	NOUN
economy-574	147	12	to	to	ADP
economy-574	147	13	its	its	PRON
economy-574	147	14	cash	cash	NOUN
economy-574	147	15	flow	flow	NOUN
economy-574	147	16	.	.	PUNCT
economy-574	148	1	dekle	dekle	NOUN
economy-574	148	2	and	and	CCONJ
economy-574	148	3	ryoo	ryoo	PROPN
economy-574	148	4	(	(	PUNCT
economy-574	148	5	2002	2002	NUM
economy-574	148	6	)	)	PUNCT
economy-574	148	7	related	relate	VERB
economy-574	148	8	nominal	nominal	ADJ
economy-574	148	9	exchange	exchange	NOUN
economy-574	148	10	rates	rate	NOUN
economy-574	148	11	to	to	PART
economy-574	148	12	export	export	VERB
economy-574	148	13	volumes	volume	NOUN
economy-574	148	14	at	at	ADP
economy-574	148	15	the	the	DET
economy-574	148	16	firm	firm	ADJ
economy-574	148	17	level	level	NOUN
economy-574	148	18	and	and	CCONJ
economy-574	148	19	finds	find	VERB
economy-574	148	20	that	that	SCONJ
economy-574	148	21	export	export	NOUN
economy-574	148	22	volumes	volume	NOUN
economy-574	148	23	are	be	AUX
economy-574	148	24	strongly	strongly	ADV
economy-574	148	25	affected	affect	VERB
economy-574	148	26	by	by	ADP
economy-574	148	27	changes	change	NOUN
economy-574	148	28	in	in	ADP
economy-574	148	29	exchange	exchange	NOUN
economy-574	148	30	rates	rate	NOUN
economy-574	148	31	.	.	PUNCT
economy-574	149	1	as	as	ADP
economy-574	149	2	in	in	ADP
economy-574	149	3	earlier	early	ADJ
economy-574	149	4	work	work	NOUN
economy-574	149	5	,	,	PUNCT
economy-574	149	6	they	they	PRON
economy-574	149	7	too	too	ADV
economy-574	149	8	found	find	VERB
economy-574	149	9	that	that	SCONJ
economy-574	149	10	prices	price	NOUN
economy-574	149	11	are	be	AUX
economy-574	149	12	sticky	sticky	ADJ
economy-574	149	13	in	in	ADP
economy-574	149	14	the	the	DET
economy-574	149	15	buyer	buyer	NOUN
economy-574	149	16	’s	’s	PART
economy-574	149	17	currency	currency	NOUN
economy-574	149	18	.	.	PUNCT
economy-574	150	1	in	in	ADP
economy-574	150	2	their	their	PRON
economy-574	150	3	model	model	NOUN
economy-574	150	4	of	of	ADP
economy-574	150	5	exports	export	NOUN
economy-574	150	6	,	,	PUNCT
economy-574	150	7	the	the	DET
economy-574	150	8	strong	strong	ADJ
economy-574	150	9	response	response	NOUN
economy-574	150	10	of	of	ADP
economy-574	150	11	export	export	NOUN
economy-574	150	12	volumes	volume	NOUN
economy-574	150	13	to	to	PART
economy-574	150	14	exchange	exchange	VERB
economy-574	150	15	rate	rate	NOUN
economy-574	150	16	fluctuations	fluctuation	NOUN
economy-574	150	17	arises	arise	VERB
economy-574	150	18	not	not	PART
economy-574	150	19	because	because	SCONJ
economy-574	150	20	of	of	ADP
economy-574	150	21	changes	change	NOUN
economy-574	150	22	in	in	ADP
economy-574	150	23	the	the	DET
economy-574	150	24	buyer	buyer	NOUN
economy-574	150	25	’s	’s	PART
economy-574	150	26	currency	currency	NOUN
economy-574	150	27	prices	price	NOUN
economy-574	150	28	,	,	PUNCT
economy-574	150	29	but	but	CCONJ
economy-574	150	30	because	because	SCONJ
economy-574	150	31	of	of	ADP
economy-574	150	32	a	a	DET
economy-574	150	33	loosening	loosening	NOUN
economy-574	150	34	of	of	ADP
economy-574	150	35	financing	financing	NOUN
economy-574	150	36	constraints	constraint	NOUN
economy-574	150	37	,	,	PUNCT
economy-574	150	38	either	either	CCONJ
economy-574	150	39	through	through	ADP
economy-574	150	40	the	the	DET
economy-574	150	41	direct	direct	ADJ
economy-574	150	42	beneficial	beneficial	ADJ
economy-574	150	43	effect	effect	NOUN
economy-574	150	44	of	of	ADP
economy-574	150	45	exchange	exchange	NOUN
economy-574	150	46	rate	rate	NOUN
economy-574	150	47	shocks	shock	NOUN
economy-574	150	48	on	on	ADP
economy-574	150	49	cash	cash	NOUN
economy-574	150	50	flows	flow	NOUN
economy-574	150	51	,	,	PUNCT
economy-574	150	52	or	or	CCONJ
economy-574	150	53	through	through	ADP
economy-574	150	54	hedging	hedging	NOUN
economy-574	150	55	activities	activity	NOUN
economy-574	150	56	.	.	PUNCT
economy-574	151	1	dominguez	dominguez	PROPN
economy-574	151	2	and	and	CCONJ
economy-574	151	3	tesar	tesar	PROPN
economy-574	151	4	(	(	PUNCT
economy-574	151	5	2006	2006	NUM
economy-574	151	6	)	)	PUNCT
economy-574	151	7	used	use	VERB
economy-574	151	8	firmand	firmand	NOUN
economy-574	151	9	industry	industry	NOUN
economy-574	151	10	-	-	PUNCT
economy-574	151	11	level	level	NOUN
economy-574	151	12	stock	stock	NOUN
economy-574	151	13	returns	return	NOUN
economy-574	151	14	to	to	PART
economy-574	151	15	test	test	VERB
economy-574	151	16	for	for	ADP
economy-574	151	17	the	the	DET
economy-574	151	18	presence	presence	NOUN
economy-574	151	19	of	of	ADP
economy-574	151	20	exchange	exchange	NOUN
economy-574	151	21	rate	rate	NOUN
economy-574	151	22	exposure	exposure	NOUN
economy-574	151	23	in	in	ADP
economy-574	151	24	eight	eight	NUM
economy-574	151	25	countries	country	NOUN
economy-574	151	26	and	and	CCONJ
economy-574	151	27	found	find	VERB
economy-574	151	28	that	that	SCONJ
economy-574	151	29	there	there	PRON
economy-574	151	30	was	be	VERB
economy-574	151	31	a	a	DET
economy-574	151	32	significant	significant	ADJ
economy-574	151	33	amount	amount	NOUN
economy-574	151	34	of	of	ADP
economy-574	151	35	exposure	exposure	NOUN
economy-574	151	36	to	to	ADP
economy-574	151	37	a	a	DET
economy-574	151	38	range	range	NOUN
economy-574	151	39	of	of	ADP
economy-574	151	40	different	different	ADJ
economy-574	151	41	exchange	exchange	NOUN
economy-574	151	42	rates	rate	NOUN
economy-574	151	43	noting	note	VERB
economy-574	151	44	that	that	SCONJ
economy-574	151	45	the	the	DET
economy-574	151	46	firms	firm	NOUN
economy-574	151	47	affected	affect	VERB
economy-574	151	48	by	by	ADP
economy-574	151	49	movements	movement	NOUN
economy-574	151	50	in	in	ADP
economy-574	151	51	the	the	DET
economy-574	151	52	exchange	exchange	NOUN
economy-574	151	53	rate	rate	NOUN
economy-574	151	54	and	and	CCONJ
economy-574	151	55	the	the	DET
economy-574	151	56	direction	direction	NOUN
economy-574	151	57	of	of	ADP
economy-574	151	58	exposure	exposure	NOUN
economy-574	151	59	depends	depend	VERB
economy-574	151	60	on	on	ADP
economy-574	151	61	the	the	DET
economy-574	151	62	specific	specific	ADJ
economy-574	151	63	exchange	exchange	NOUN
economy-574	151	64	rate	rate	NOUN
economy-574	151	65	and	and	CCONJ
economy-574	151	66	varies	vary	VERB
economy-574	151	67	over	over	ADP
economy-574	151	68	time	time	NOUN
economy-574	151	69	.	.	PUNCT
economy-574	152	1	they	they	PRON
economy-574	152	2	therefore	therefore	ADV
economy-574	152	3	,	,	PUNCT
economy-574	152	4	postulated	postulate	VERB
economy-574	152	5	that	that	SCONJ
economy-574	152	6	exchange	exchange	NOUN
economy-574	152	7	rate	rate	NOUN
economy-574	152	8	exposure	exposure	NOUN
economy-574	152	9	may	may	AUX
economy-574	152	10	be	be	AUX
economy-574	152	11	linked	link	VERB
economy-574	152	12	to	to	ADP
economy-574	152	13	a	a	DET
economy-574	152	14	number	number	NOUN
economy-574	152	15	of	of	ADP
economy-574	152	16	firmand	firmand	NOUN
economy-574	152	17	industry	industry	NOUN
economy-574	152	18	-	-	PUNCT
economy-574	152	19	level	level	NOUN
economy-574	152	20	characteristics	characteristic	NOUN
economy-574	152	21	.	.	PUNCT
economy-574	153	1	their	their	PRON
economy-574	153	2	findings	finding	NOUN
economy-574	153	3	also	also	ADV
economy-574	153	4	revealed	reveal	VERB
economy-574	153	5	that	that	SCONJ
economy-574	153	6	exposure	exposure	NOUN
economy-574	153	7	is	be	AUX
economy-574	153	8	more	more	ADV
economy-574	153	9	prevalent	prevalent	ADJ
economy-574	153	10	in	in	ADP
economy-574	153	11	small(rather	small(rather	PROPN
economy-574	153	12	than	than	ADP
economy-574	153	13	largeor	largeor	PROPN
economy-574	153	14	medium-	medium-	NOUN
economy-574	153	15	)	)	PUNCT
economy-574	153	16	sized	sized	ADJ
economy-574	153	17	firms	firm	NOUN
economy-574	153	18	and	and	CCONJ
economy-574	153	19	in	in	ADP
economy-574	153	20	firms	firm	NOUN
economy-574	153	21	that	that	PRON
economy-574	153	22	engaged	engage	VERB
economy-574	153	23	in	in	ADP
economy-574	153	24	international	international	ADJ
economy-574	153	25	activities	activity	NOUN
economy-574	153	26	(	(	PUNCT
economy-574	153	27	measured	measure	VERB
economy-574	153	28	by	by	ADP
economy-574	153	29	multinational	multinational	ADJ
economy-574	153	30	status	status	NOUN
economy-574	153	31	,	,	PUNCT
economy-574	153	32	holdings	holding	NOUN
economy-574	153	33	of	of	ADP
economy-574	153	34	international	international	ADJ
economy-574	153	35	assets	asset	NOUN
economy-574	153	36	and	and	CCONJ
economy-574	153	37	foreign	foreign	ADJ
economy-574	153	38	sales	sale	NOUN
economy-574	153	39	)	)	PUNCT
economy-574	153	40	.	.	PUNCT
economy-574	154	1	sekkat	sekkat	PROPN
economy-574	154	2	and	and	CCONJ
economy-574	154	3	mansour	mansour	PROPN
economy-574	154	4	(	(	PUNCT
economy-574	154	5	2000	2000	NUM
economy-574	154	6	)	)	PUNCT
economy-574	154	7	investigated	investigate	VERB
economy-574	154	8	sectoral	sectoral	ADJ
economy-574	154	9	sensitivity	sensitivity	NOUN
economy-574	154	10	to	to	PART
economy-574	154	11	exchange	exchange	VERB
economy-574	154	12	rate	rate	NOUN
economy-574	154	13	fluctuations	fluctuation	NOUN
economy-574	154	14	in	in	ADP
economy-574	154	15	europe	europe	PROPN
economy-574	154	16	and	and	CCONJ
economy-574	154	17	found	find	VERB
economy-574	154	18	that	that	SCONJ
economy-574	154	19	the	the	DET
economy-574	154	20	most	most	ADV
economy-574	154	21	important	important	ADJ
economy-574	154	22	sectors	sector	NOUN
economy-574	154	23	to	to	ADP
economy-574	154	24	the	the	DET
economy-574	154	25	european	european	ADJ
economy-574	154	26	economy	economy	NOUN
economy-574	154	27	(	(	PUNCT
economy-574	154	28	that	that	PRON
economy-574	154	29	is	be	AUX
economy-574	154	30	,	,	PUNCT
economy-574	154	31	food	food	NOUN
economy-574	154	32	,	,	PUNCT
economy-574	154	33	paper	paper	NOUN
economy-574	154	34	products	product	NOUN
economy-574	154	35	,	,	PUNCT
economy-574	154	36	chemicals	chemical	NOUN
economy-574	154	37	,	,	PUNCT
economy-574	154	38	metals	metal	NOUN
economy-574	154	39	,	,	PUNCT
economy-574	154	40	machinery	machinery	NOUN
economy-574	154	41	,	,	PUNCT
economy-574	154	42	electrical	electrical	ADJ
economy-574	154	43	products	product	NOUN
economy-574	154	44	and	and	CCONJ
economy-574	154	45	transport	transport	NOUN
economy-574	154	46	equipment	equipment	NOUN
economy-574	154	47	)	)	PUNCT
economy-574	154	48	react	react	VERB
economy-574	154	49	differently	differently	ADV
economy-574	154	50	to	to	PART
economy-574	154	51	exchange	exchange	VERB
economy-574	154	52	rate	rate	NOUN
economy-574	154	53	changes	change	NOUN
economy-574	154	54	on	on	ADP
economy-574	154	55	the	the	DET
economy-574	154	56	side	side	NOUN
economy-574	154	57	of	of	ADP
economy-574	154	58	exports	export	NOUN
economy-574	154	59	and	and	CCONJ
economy-574	154	60	on	on	ADP
economy-574	154	61	the	the	DET
economy-574	154	62	side	side	NOUN
economy-574	154	63	of	of	ADP
economy-574	154	64	imports	import	NOUN
economy-574	154	65	.	.	PUNCT
economy-574	155	1	their	their	PRON
economy-574	155	2	results	result	NOUN
economy-574	155	3	revealed	reveal	VERB
economy-574	155	4	that	that	SCONJ
economy-574	155	5	these	these	DET
economy-574	155	6	sectors	sector	NOUN
economy-574	155	7	have	have	AUX
economy-574	155	8	,	,	PUNCT
economy-574	155	9	in	in	ADP
economy-574	155	10	general	general	ADJ
economy-574	155	11	,	,	PUNCT
economy-574	155	12	a	a	DET
economy-574	155	13	high	high	ADJ
economy-574	155	14	level	level	NOUN
economy-574	155	15	of	of	ADP
economy-574	155	16	sensitivity	sensitivity	NOUN
economy-574	155	17	in	in	ADP
economy-574	155	18	their	their	PRON
economy-574	155	19	export	export	NOUN
economy-574	155	20	as	as	ADV
economy-574	155	21	well	well	ADV
economy-574	155	22	as	as	ADP
economy-574	155	23	in	in	ADP
economy-574	155	24	their	their	PRON
economy-574	155	25	import	import	NOUN
economy-574	155	26	except	except	SCONJ
economy-574	155	27	for	for	ADP
economy-574	155	28	transport	transport	NOUN
economy-574	155	29	equipments	equipment	NOUN
economy-574	155	30	.	.	PUNCT
economy-574	156	1	the	the	DET
economy-574	156	2	determinant	determinant	NOUN
economy-574	156	3	of	of	ADP
economy-574	156	4	sectoral	sectoral	ADJ
economy-574	156	5	sensitivity	sensitivity	NOUN
economy-574	156	6	to	to	PART
economy-574	156	7	exchange	exchange	VERB
economy-574	156	8	rate	rate	NOUN
economy-574	156	9	fluctuations	fluctuation	NOUN
economy-574	156	10	identified	identify	VERB
economy-574	156	11	in	in	ADP
economy-574	156	12	sekkat	sekkat	PROPN
economy-574	156	13	and	and	CCONJ
economy-574	156	14	mansour	mansour	PROPN
economy-574	156	15	(	(	PUNCT
economy-574	156	16	2000	2000	NUM
economy-574	156	17	)	)	PUNCT
economy-574	156	18	study	study	NOUN
economy-574	156	19	was	be	AUX
economy-574	156	20	market	market	NOUN
economy-574	156	21	structure	structure	NOUN
economy-574	156	22	.	.	PUNCT
economy-574	157	1	fouquin	fouquin	PROPN
economy-574	157	2	et	et	PROPN
economy-574	157	3	al	al	PROPN
economy-574	157	4	.	.	PROPN
economy-574	158	1	(	(	PUNCT
economy-574	158	2	2001	2001	NUM
economy-574	158	3	)	)	PUNCT
economy-574	158	4	also	also	ADV
economy-574	158	5	studied	study	VERB
economy-574	158	6	the	the	DET
economy-574	158	7	impact	impact	NOUN
economy-574	158	8	of	of	ADP
economy-574	158	9	the	the	DET
economy-574	158	10	euro	euro	NOUN
economy-574	158	11	/	/	SYM
economy-574	158	12	dollar	dollar	NOUN
economy-574	158	13	fluctuations	fluctuation	NOUN
economy-574	158	14	on	on	ADP
economy-574	158	15	the	the	DET
economy-574	158	16	european	european	ADJ
economy-574	158	17	manufacturing	manufacturing	NOUN
economy-574	158	18	industries	industry	NOUN
economy-574	158	19	and	and	CCONJ
economy-574	158	20	found	find	VERB
economy-574	158	21	that	that	SCONJ
economy-574	158	22	the	the	DET
economy-574	158	23	most	most	ADV
economy-574	158	24	sensitive	sensitive	ADJ
economy-574	158	25	sectors	sector	NOUN
economy-574	158	26	to	to	PART
economy-574	158	27	exchange	exchange	VERB
economy-574	158	28	rate	rate	NOUN
economy-574	158	29	fluctuations	fluctuation	NOUN
economy-574	158	30	are	be	AUX
economy-574	158	31	energy	energy	NOUN
economy-574	158	32	,	,	PUNCT
economy-574	158	33	food	food	NOUN
economy-574	158	34	,	,	PUNCT
economy-574	158	35	paper	paper	NOUN
economy-574	158	36	products	product	NOUN
economy-574	158	37	,	,	PUNCT
economy-574	158	38	machinery	machinery	NOUN
economy-574	158	39	,	,	PUNCT
economy-574	158	40	electrical	electrical	ADJ
economy-574	158	41	products	product	NOUN
economy-574	158	42	for	for	ADP
economy-574	158	43	imports	import	NOUN
economy-574	158	44	and	and	CCONJ
economy-574	158	45	energy	energy	NOUN
economy-574	158	46	,	,	PUNCT
economy-574	158	47	machinery	machinery	NOUN
economy-574	158	48	and	and	CCONJ
economy-574	158	49	transport	transport	NOUN
economy-574	158	50	equipment	equipment	NOUN
economy-574	158	51	for	for	ADP
economy-574	158	52	exports	export	NOUN
economy-574	158	53	.	.	PUNCT
economy-574	159	1	they	they	PRON
economy-574	159	2	identified	identify	VERB
economy-574	159	3	concentration	concentration	NOUN
economy-574	159	4	on	on	ADP
economy-574	159	5	the	the	DET
economy-574	159	6	supply	supply	NOUN
economy-574	159	7	side	side	NOUN
economy-574	159	8	and	and	CCONJ
economy-574	159	9	dynamics	dynamic	NOUN
economy-574	159	10	on	on	ADP
economy-574	159	11	the	the	DET
economy-574	159	12	demand	demand	NOUN
economy-574	159	13	side	side	NOUN
economy-574	159	14	to	to	PART
economy-574	159	15	be	be	AUX
economy-574	159	16	the	the	DET
economy-574	159	17	determinants	determinant	NOUN
economy-574	159	18	of	of	ADP
economy-574	159	19	exchange	exchange	NOUN
economy-574	159	20	rate	rate	NOUN
economy-574	159	21	sensitivity	sensitivity	NOUN
economy-574	159	22	.	.	PUNCT
economy-574	160	1	cheong	cheong	PROPN
economy-574	160	2	(	(	PUNCT
economy-574	160	3	2004	2004	NUM
economy-574	160	4	)	)	PUNCT
economy-574	160	5	investigated	investigate	VERB
economy-574	160	6	the	the	DET
economy-574	160	7	possible	possible	ADJ
economy-574	160	8	effect	effect	NOUN
economy-574	160	9	of	of	ADP
economy-574	160	10	risk	risk	NOUN
economy-574	160	11	in	in	ADP
economy-574	160	12	exchange	exchange	NOUN
economy-574	160	13	rates	rate	NOUN
economy-574	160	14	on	on	ADP
economy-574	160	15	import	import	NOUN
economy-574	160	16	trade	trade	NOUN
economy-574	160	17	in	in	ADP
economy-574	160	18	the	the	DET
economy-574	160	19	uk	uk	PROPN
economy-574	160	20	using	use	VERB
economy-574	160	21	a	a	DET
economy-574	160	22	dynamic	dynamic	ADJ
economy-574	160	23	modelling	modelling	NOUN
economy-574	160	24	approach	approach	NOUN
economy-574	160	25	and	and	CCONJ
economy-574	160	26	found	find	VERB
economy-574	160	27	that	that	SCONJ
economy-574	160	28	uncertainty	uncertainty	NOUN
economy-574	160	29	in	in	ADP
economy-574	160	30	exchange	exchange	NOUN
economy-574	160	31	rates	rate	NOUN
economy-574	160	32	negatively	negatively	ADV
economy-574	160	33	affects	affect	VERB
economy-574	160	34	international	international	ADJ
economy-574	160	35	trade	trade	NOUN
economy-574	160	36	in	in	ADP
economy-574	160	37	the	the	DET
economy-574	160	38	case	case	NOUN
economy-574	160	39	of	of	ADP
economy-574	160	40	the	the	DET
economy-574	160	41	uk	uk	PROPN
economy-574	160	42	and	and	CCONJ
economy-574	160	43	,	,	PUNCT
economy-574	160	44	more	more	ADV
economy-574	160	45	importantly	importantly	ADV
economy-574	160	46	,	,	PUNCT
economy-574	160	47	the	the	DET
economy-574	160	48	effect	effect	NOUN
economy-574	160	49	is	be	AUX
economy-574	160	50	statistically	statistically	ADV
economy-574	160	51	significant	significant	ADJ
economy-574	160	52	.	.	PUNCT
economy-574	161	1	kiptui	kiptui	PROPN
economy-574	161	2	et	et	PROPN
economy-574	161	3	al	al	PROPN
economy-574	161	4	.	.	PROPN
economy-574	162	1	(	(	PUNCT
economy-574	162	2	2005	2005	NUM
economy-574	162	3	)	)	PUNCT
economy-574	162	4	examined	examine	VERB
economy-574	162	5	the	the	DET
economy-574	162	6	extent	extent	NOUN
economy-574	162	7	of	of	ADP
economy-574	162	8	exchange	exchange	NOUN
economy-574	162	9	rate	rate	NOUN
economy-574	162	10	pass	pass	NOUN
economy-574	162	11	-	-	PUNCT
economy-574	162	12	through	through	NOUN
economy-574	162	13	in	in	ADP
economy-574	162	14	kenya	kenya	NOUN
economy-574	162	15	in	in	ADP
economy-574	162	16	order	order	NOUN
economy-574	162	17	to	to	PART
economy-574	162	18	gauge	gauge	VERB
economy-574	162	19	the	the	DET
economy-574	162	20	country	country	NOUN
economy-574	162	21	’s	’s	PART
economy-574	162	22	vulnerability	vulnerability	NOUN
economy-574	162	23	to	to	ADP
economy-574	162	24	external	external	ADJ
economy-574	162	25	shocks	shock	NOUN
economy-574	162	26	noting	note	VERB
economy-574	162	27	that	that	SCONJ
economy-574	162	28	exchange	exchange	NOUN
economy-574	162	29	rate	rate	NOUN
economy-574	162	30	movements	movement	NOUN
economy-574	162	31	are	be	AUX
economy-574	162	32	transmitted	transmit	VERB
economy-574	162	33	to	to	ADP
economy-574	162	34	domestic	domestic	ADJ
economy-574	162	35	prices	price	NOUN
economy-574	162	36	through	through	ADP
economy-574	162	37	prices	price	NOUN
economy-574	162	38	of	of	ADP
economy-574	162	39	imported	import	VERB
economy-574	162	40	consumption	consumption	NOUN
economy-574	162	41	goods	good	NOUN
economy-574	162	42	,	,	PUNCT
economy-574	162	43	prices	price	NOUN
economy-574	162	44	of	of	ADP
economy-574	162	45	imported	import	VERB
economy-574	162	46	intermediate	intermediate	ADJ
economy-574	162	47	goods	good	NOUN
economy-574	162	48	(	(	PUNCT
economy-574	162	49	through	through	ADP
economy-574	162	50	production	production	NOUN
economy-574	162	51	cost	cost	NOUN
economy-574	162	52	-	-	PUNCT
economy-574	162	53	channel	channel	NOUN
economy-574	162	54	)	)	PUNCT
economy-574	162	55	and	and	CCONJ
economy-574	162	56	domestic	domestic	ADJ
economy-574	162	57	goods	good	NOUN
economy-574	162	58	priced	price	VERB
economy-574	162	59	in	in	ADP
economy-574	162	60	foreign	foreign	ADJ
economy-574	162	61	currency	currency	NOUN
economy-574	162	62	.	.	PUNCT
economy-574	163	1	their	their	PRON
economy-574	163	2	study	study	NOUN
economy-574	163	3	revealed	reveal	VERB
economy-574	163	4	that	that	SCONJ
economy-574	163	5	exchange	exchange	NOUN
economy-574	163	6	rate	rate	NOUN
economy-574	163	7	changes	change	NOUN
economy-574	163	8	account	account	VERB
economy-574	163	9	for	for	ADP
economy-574	163	10	about	about	ADV
economy-574	163	11	70	70	NUM
economy-574	163	12	%	%	NOUN
economy-574	163	13	of	of	ADP
economy-574	163	14	import	import	NOUN
economy-574	163	15	price	price	NOUN
economy-574	163	16	changes	change	NOUN
economy-574	163	17	and	and	CCONJ
economy-574	163	18	76	76	NUM
economy-574	163	19	%	%	NOUN
economy-574	163	20	of	of	ADP
economy-574	163	21	the	the	DET
economy-574	163	22	variation	variation	NOUN
economy-574	163	23	in	in	ADP
economy-574	163	24	import	import	NOUN
economy-574	163	25	prices	price	NOUN
economy-574	163	26	and	and	CCONJ
economy-574	163	27	they	they	PRON
economy-574	163	28	also	also	ADV
economy-574	163	29	observed	observe	VERB
economy-574	163	30	that	that	SCONJ
economy-574	163	31	there	there	PRON
economy-574	163	32	was	be	VERB
economy-574	163	33	declining	decline	VERB
economy-574	163	34	competitive	competitive	ADJ
economy-574	163	35	pressure	pressure	NOUN
economy-574	163	36	overtime	overtime	NOUN
economy-574	163	37	as	as	ADP
economy-574	163	38	manufacturing	manufacture	VERB
economy-574	163	39	output	output	NOUN
economy-574	163	40	price	price	NOUN
economy-574	163	41	increase	increase	NOUN
economy-574	163	42	outpace	outpace	NOUN
economy-574	163	43	world	world	NOUN
economy-574	163	44	export	export	NOUN
economy-574	163	45	prices	price	NOUN
economy-574	163	46	.	.	PUNCT
economy-574	164	1	3	3	X
economy-574	164	2	.	.	X
economy-574	164	3	methodological	methodological	ADJ
economy-574	164	4	issues	issue	NOUN
economy-574	164	5	and	and	CCONJ
economy-574	164	6	sources	source	NOUN
economy-574	164	7	of	of	ADP
economy-574	164	8	data	datum	NOUN
economy-574	164	9	this	this	DET
economy-574	164	10	study	study	NOUN
economy-574	164	11	considers	consider	VERB
economy-574	164	12	the	the	DET
economy-574	164	13	time	time	NOUN
economy-574	164	14	series	series	NOUN
economy-574	164	15	properties	property	NOUN
economy-574	164	16	of	of	ADP
economy-574	164	17	the	the	DET
economy-574	164	18	variables	variable	NOUN
economy-574	164	19	used	use	VERB
economy-574	164	20	.	.	PUNCT
economy-574	165	1	the	the	DET
economy-574	165	2	first	first	ADJ
economy-574	165	3	step	step	NOUN
economy-574	165	4	is	be	AUX
economy-574	165	5	to	to	PART
economy-574	165	6	determine	determine	VERB
economy-574	165	7	the	the	DET
economy-574	165	8	order	order	NOUN
economy-574	165	9	of	of	ADP
economy-574	165	10	integration	integration	NOUN
economy-574	165	11	of	of	ADP
economy-574	165	12	the	the	DET
economy-574	165	13	variables	variable	NOUN
economy-574	165	14	;	;	PUNCT
economy-574	165	15	that	that	PRON
economy-574	165	16	is	is	ADV
economy-574	165	17	,	,	PUNCT
economy-574	165	18	we	we	PRON
economy-574	165	19	test	test	VERB
economy-574	165	20	whether	whether	SCONJ
economy-574	165	21	they	they	PRON
economy-574	165	22	are	be	AUX
economy-574	165	23	stationary	stationary	ADJ
economy-574	165	24	in	in	ADP
economy-574	165	25	their	their	PRON
economy-574	165	26	levels	level	NOUN
economy-574	165	27	or	or	CCONJ
economy-574	165	28	whether	whether	SCONJ
economy-574	165	29	they	they	PRON
economy-574	165	30	have	have	VERB
economy-574	165	31	to	to	PART
economy-574	165	32	be	be	AUX
economy-574	165	33	differenced	difference	VERB
economy-574	165	34	once	once	ADV
economy-574	165	35	or	or	CCONJ
economy-574	165	36	more	more	ADJ
economy-574	165	37	before	before	SCONJ
economy-574	165	38	they	they	PRON
economy-574	165	39	become	become	VERB
economy-574	165	40	stationary	stationary	ADJ
economy-574	165	41	.	.	PUNCT
economy-574	166	1	augmented	augment	VERB
economy-574	166	2	dickey	dickey	NOUN
economy-574	166	3	-	-	PUNCT
economy-574	166	4	fuller	full	ADJ
economy-574	166	5	(	(	PUNCT
economy-574	166	6	adf	adf	NOUN
economy-574	166	7	)	)	PUNCT
economy-574	166	8	test	test	NOUN
economy-574	166	9	shall	shall	AUX
economy-574	166	10	be	be	AUX
economy-574	166	11	used	use	VERB
economy-574	166	12	to	to	PART
economy-574	166	13	carry	carry	VERB
economy-574	166	14	out	out	ADP
economy-574	166	15	test	test	NOUN
economy-574	166	16	for	for	ADP
economy-574	166	17	unit	unit	NOUN
economy-574	166	18	roots	root	NOUN
economy-574	166	19	.	.	PUNCT
economy-574	167	1	the	the	DET
economy-574	167	2	calculated	calculate	VERB
economy-574	167	3	values	value	NOUN
economy-574	167	4	of	of	ADP
economy-574	167	5	these	these	DET
economy-574	167	6	statistic	statistic	NOUN
economy-574	167	7	tests	test	NOUN
economy-574	167	8	are	be	AUX
economy-574	167	9	compared	compare	VERB
economy-574	167	10	with	with	ADP
economy-574	167	11	their	their	PRON
economy-574	167	12	critical	critical	ADJ
economy-574	167	13	values	value	NOUN
economy-574	167	14	.	.	PUNCT
economy-574	168	1	if	if	SCONJ
economy-574	168	2	h0	h0	PROPN
economy-574	168	3	were	be	AUX
economy-574	168	4	accepted	accept	VERB
economy-574	168	5	,	,	PUNCT
economy-574	168	6	for	for	ADP
economy-574	168	7	instance	instance	NOUN
economy-574	168	8	,	,	PUNCT
economy-574	168	9	a	a	DET
economy-574	168	10	straightforward	straightforward	ADJ
economy-574	168	11	estimation	estimation	NOUN
economy-574	168	12	of	of	ADP
economy-574	168	13	the	the	DET
economy-574	168	14	equations	equation	NOUN
economy-574	168	15	in	in	ADP
economy-574	168	16	levels	level	NOUN
economy-574	168	17	would	would	AUX
economy-574	168	18	yield	yield	VERB
economy-574	168	19	misleading	misleading	ADJ
economy-574	168	20	results	result	NOUN
economy-574	168	21	.	.	PUNCT
economy-574	169	1	therefore	therefore	ADV
economy-574	169	2	,	,	PUNCT
economy-574	169	3	we	we	PRON
economy-574	169	4	have	have	VERB
economy-574	169	5	to	to	PART
economy-574	169	6	examine	examine	VERB
economy-574	169	7	if	if	SCONJ
economy-574	169	8	their	their	PRON
economy-574	169	9	first	first	ADJ
economy-574	169	10	difference	difference	NOUN
economy-574	169	11	is	be	AUX
economy-574	169	12	stationary	stationary	ADJ
economy-574	169	13	or	or	CCONJ
economy-574	169	14	not	not	PART
economy-574	169	15	.	.	PUNCT
economy-574	170	1	however	however	ADV
economy-574	170	2	,	,	PUNCT
economy-574	170	3	if	if	SCONJ
economy-574	170	4	h0	h0	PROPN
economy-574	170	5	is	be	AUX
economy-574	170	6	rejected	reject	VERB
economy-574	170	7	for	for	ADP
economy-574	170	8	all	all	DET
economy-574	170	9	the	the	DET
economy-574	170	10	series	series	NOUN
economy-574	170	11	,	,	PUNCT
economy-574	170	12	it	it	PRON
economy-574	170	13	implies	imply	VERB
economy-574	170	14	that	that	SCONJ
economy-574	170	15	there	there	PRON
economy-574	170	16	is	be	VERB
economy-574	170	17	a	a	DET
economy-574	170	18	possibility	possibility	NOUN
economy-574	170	19	that	that	SCONJ
economy-574	170	20	the	the	DET
economy-574	170	21	variables	variable	NOUN
economy-574	170	22	in	in	ADP
economy-574	170	23	levels	level	NOUN
economy-574	170	24	might	might	AUX
economy-574	170	25	have	have	AUX
economy-574	170	26	a	a	DET
economy-574	170	27	co	co	NOUN
economy-574	170	28	-	-	ADJ
economy-574	170	29	integrated	integrated	ADJ
economy-574	170	30	or	or	CCONJ
economy-574	170	31	equilibrium	equilibrium	NOUN
economy-574	170	32	relationship	relationship	NOUN
economy-574	170	33	.	.	PUNCT
economy-574	171	1	further	further	ADJ
economy-574	171	2	consideration	consideration	NOUN
economy-574	171	3	is	be	AUX
economy-574	171	4	given	give	VERB
economy-574	171	5	to	to	ADP
economy-574	171	6	the	the	DET
economy-574	171	7	time	time	NOUN
economy-574	171	8	series	series	NOUN
economy-574	171	9	properties	property	NOUN
economy-574	171	10	of	of	ADP
economy-574	171	11	the	the	DET
economy-574	171	12	variables	variable	NOUN
economy-574	171	13	used	use	VERB
economy-574	171	14	in	in	ADP
economy-574	171	15	the	the	DET
economy-574	171	16	equations	equation	NOUN
economy-574	171	17	.	.	PUNCT
economy-574	172	1	this	this	PRON
economy-574	172	2	is	be	AUX
economy-574	172	3	necessary	necessary	ADJ
economy-574	172	4	because	because	SCONJ
economy-574	172	5	if	if	SCONJ
economy-574	172	6	the	the	DET
economy-574	172	7	variables	variable	NOUN
economy-574	172	8	in	in	ADP
economy-574	172	9	question	question	NOUN
economy-574	172	10	are	be	AUX
economy-574	172	11	non	non	ADJ
economy-574	172	12	-	-	ADJ
economy-574	172	13	stationary	stationary	ADJ
economy-574	172	14	,	,	PUNCT
economy-574	172	15	then	then	ADV
economy-574	172	16	the	the	DET
economy-574	172	17	estimated	estimate	VERB
economy-574	172	18	models	model	NOUN
economy-574	172	19	will	will	AUX
economy-574	172	20	yield	yield	VERB
economy-574	172	21	misleading	mislead	VERB
economy-574	172	22	economy	economy	NOUN
economy-574	172	23	,	,	PUNCT
economy-574	172	24	2016	2016	NUM
economy-574	172	25	,	,	PUNCT
economy-574	172	26	3(1	3(1	NUM
economy-574	172	27	):	):	PUNCT
economy-574	172	28	40	40	NUM
economy-574	172	29	-	-	SYM
economy-574	172	30	50	50	NUM
economy-574	172	31	45	45	NUM
economy-574	172	32	values	value	NOUN
economy-574	172	33	of	of	ADP
economy-574	172	34	adjusted	adjust	VERB
economy-574	172	35	r	r	NOUN
economy-574	172	36	2	2	NUM
economy-574	172	37	,	,	PUNCT
economy-574	172	38	t	t	NOUN
economy-574	172	39	-	-	PUNCT
economy-574	172	40	statistic	statistic	NOUN
economy-574	172	41	and	and	CCONJ
economy-574	172	42	f	f	X
economy-574	172	43	-	-	PUNCT
economy-574	172	44	statistic	statistic	NOUN
economy-574	172	45	and	and	CCONJ
economy-574	172	46	hence	hence	ADV
economy-574	172	47	the	the	DET
economy-574	172	48	inference	inference	NOUN
economy-574	172	49	will	will	AUX
economy-574	172	50	not	not	PART
economy-574	172	51	be	be	AUX
economy-574	172	52	valid	valid	ADJ
economy-574	172	53	(	(	PUNCT
economy-574	172	54	hoque	hoque	NOUN
economy-574	172	55	,	,	PUNCT
economy-574	172	56	1993	1993	NUM
economy-574	172	57	)	)	PUNCT
economy-574	172	58	.	.	PUNCT
economy-574	173	1	statistically	statistically	ADV
economy-574	173	2	speaking	speak	VERB
economy-574	173	3	,	,	PUNCT
economy-574	173	4	a	a	DET
economy-574	173	5	time	time	NOUN
economy-574	173	6	series	series	NOUN
economy-574	173	7	is	be	AUX
economy-574	173	8	said	say	VERB
economy-574	173	9	to	to	PART
economy-574	173	10	be	be	AUX
economy-574	173	11	stationary	stationary	ADJ
economy-574	173	12	if	if	SCONJ
economy-574	173	13	its	its	PRON
economy-574	173	14	mean	mean	ADJ
economy-574	173	15	,	,	PUNCT
economy-574	173	16	variance	variance	NOUN
economy-574	173	17	and	and	CCONJ
economy-574	173	18	covariance	covariance	NOUN
economy-574	173	19	are	be	AUX
economy-574	173	20	all	all	ADV
economy-574	173	21	invariant	invariant	ADJ
economy-574	173	22	with	with	ADP
economy-574	173	23	respect	respect	NOUN
economy-574	173	24	to	to	ADP
economy-574	173	25	time	time	NOUN
economy-574	173	26	.	.	PUNCT
economy-574	174	1	such	such	DET
economy-574	174	2	a	a	DET
economy-574	174	3	series	series	NOUN
economy-574	174	4	is	be	AUX
economy-574	174	5	denoted	denote	VERB
economy-574	174	6	by	by	ADP
economy-574	174	7	i(0	i(0	PROPN
economy-574	174	8	)	)	PUNCT
economy-574	174	9	,	,	PUNCT
economy-574	174	10	that	that	ADV
economy-574	174	11	is	is	ADV
economy-574	174	12	,	,	PUNCT
economy-574	174	13	integrated	integrate	VERB
economy-574	174	14	of	of	ADP
economy-574	174	15	order	order	NOUN
economy-574	174	16	zero	zero	NUM
economy-574	174	17	.	.	PUNCT
economy-574	175	1	a	a	DET
economy-574	175	2	time	time	NOUN
economy-574	175	3	series	series	NOUN
economy-574	175	4	requiring	require	VERB
economy-574	175	5	first	first	ADJ
economy-574	175	6	-	-	PUNCT
economy-574	175	7	order	order	NOUN
economy-574	175	8	differencing	differencing	NOUN
economy-574	175	9	to	to	PART
economy-574	175	10	achieve	achieve	VERB
economy-574	175	11	stationary	stationary	NOUN
economy-574	175	12	is	be	AUX
economy-574	175	13	said	say	VERB
economy-574	175	14	to	to	PART
economy-574	175	15	be	be	AUX
economy-574	175	16	i(1	i(1	NOUN
economy-574	175	17	)	)	PUNCT
economy-574	175	18	.	.	PUNCT
economy-574	176	1	if	if	SCONJ
economy-574	176	2	all	all	DET
economy-574	176	3	the	the	DET
economy-574	176	4	variables	variable	NOUN
economy-574	176	5	in	in	ADP
economy-574	176	6	the	the	DET
economy-574	176	7	equations	equation	NOUN
economy-574	176	8	are	be	AUX
economy-574	176	9	i(1	i(1	NOUN
economy-574	176	10	)	)	PUNCT
economy-574	176	11	,	,	PUNCT
economy-574	176	12	then	then	ADV
economy-574	176	13	,	,	PUNCT
economy-574	176	14	it	it	PRON
economy-574	176	15	is	be	AUX
economy-574	176	16	generally	generally	ADV
economy-574	176	17	true	true	ADJ
economy-574	176	18	that	that	SCONJ
economy-574	176	19	any	any	DET
economy-574	176	20	linear	linear	ADJ
economy-574	176	21	combination	combination	NOUN
economy-574	176	22	of	of	ADP
economy-574	176	23	these	these	DET
economy-574	176	24	variables	variable	NOUN
economy-574	176	25	will	will	AUX
economy-574	176	26	also	also	ADV
economy-574	176	27	be	be	AUX
economy-574	176	28	i(1	i(1	PROPN
economy-574	176	29	)	)	PUNCT
economy-574	176	30	.	.	PUNCT
economy-574	177	1	however	however	ADV
economy-574	177	2	,	,	PUNCT
economy-574	177	3	if	if	SCONJ
economy-574	177	4	there	there	PRON
economy-574	177	5	is	be	VERB
economy-574	177	6	a	a	DET
economy-574	177	7	linear	linear	ADJ
economy-574	177	8	combination	combination	NOUN
economy-574	177	9	,	,	PUNCT
economy-574	177	10	which	which	PRON
economy-574	177	11	is	be	AUX
economy-574	177	12	i(0	i(0	PROPN
economy-574	177	13	)	)	PUNCT
economy-574	177	14	,	,	PUNCT
economy-574	177	15	then	then	ADV
economy-574	177	16	,	,	PUNCT
economy-574	177	17	the	the	DET
economy-574	177	18	concerned	concerned	ADJ
economy-574	177	19	variables	variable	NOUN
economy-574	177	20	are	be	AUX
economy-574	177	21	said	say	VERB
economy-574	177	22	to	to	PART
economy-574	177	23	be	be	AUX
economy-574	177	24	co	co	VERB
economy-574	177	25	-	-	VERB
economy-574	177	26	integrated	integrated	ADJ
economy-574	177	27	.	.	PUNCT
economy-574	178	1	on	on	ADP
economy-574	178	2	the	the	DET
economy-574	178	3	other	other	ADJ
economy-574	178	4	hand	hand	NOUN
economy-574	178	5	,	,	PUNCT
economy-574	178	6	if	if	SCONJ
economy-574	178	7	the	the	DET
economy-574	178	8	variables	variable	NOUN
economy-574	178	9	are	be	AUX
economy-574	178	10	i(1	i(1	NOUN
economy-574	178	11	)	)	PUNCT
economy-574	178	12	,	,	PUNCT
economy-574	178	13	but	but	CCONJ
economy-574	178	14	not	not	PART
economy-574	178	15	co	co	VERB
economy-574	178	16	-	-	VERB
economy-574	178	17	integrated	integrated	ADJ
economy-574	178	18	,	,	PUNCT
economy-574	178	19	least	least	ADV
economy-574	178	20	square	square	ADJ
economy-574	178	21	(	(	PUNCT
economy-574	178	22	ls	ls	PROPN
economy-574	178	23	)	)	PUNCT
economy-574	178	24	will	will	AUX
economy-574	178	25	give	give	VERB
economy-574	178	26	misleading	misleading	ADJ
economy-574	178	27	results	result	NOUN
economy-574	178	28	(	(	PUNCT
economy-574	178	29	hoque	hoque	NOUN
economy-574	178	30	and	and	CCONJ
economy-574	178	31	al	al	PROPN
economy-574	178	32	-	-	PUNCT
economy-574	178	33	mutari	mutari	NOUN
economy-574	178	34	,	,	PUNCT
economy-574	178	35	1996	1996	NUM
economy-574	178	36	)	)	PUNCT
economy-574	178	37	.	.	PUNCT
economy-574	179	1	therefore	therefore	ADV
economy-574	179	2	,	,	PUNCT
economy-574	179	3	it	it	PRON
economy-574	179	4	becomes	become	VERB
economy-574	179	5	imperative	imperative	ADJ
economy-574	179	6	,	,	PUNCT
economy-574	179	7	in	in	ADP
economy-574	179	8	a	a	DET
economy-574	179	9	study	study	NOUN
economy-574	179	10	involving	involve	VERB
economy-574	179	11	macro	macro	ADJ
economy-574	179	12	time	time	PROPN
economy-574	179	13	series	series	PROPN
economy-574	179	14	data	data	PROPN
economy-574	179	15	to	to	PART
economy-574	179	16	test	test	VERB
economy-574	179	17	for	for	ADP
economy-574	179	18	unit	unit	NOUN
economy-574	179	19	roots	root	NOUN
economy-574	179	20	and	and	CCONJ
economy-574	179	21	co	co	NOUN
economy-574	179	22	-	-	NOUN
economy-574	179	23	integration	integration	NOUN
economy-574	179	24	before	before	SCONJ
economy-574	179	25	a	a	DET
economy-574	179	26	structural	structural	ADJ
economy-574	179	27	relationship	relationship	NOUN
economy-574	179	28	is	be	AUX
economy-574	179	29	estimated	estimate	VERB
economy-574	179	30	and	and	CCONJ
economy-574	179	31	reported	report	VERB
economy-574	179	32	for	for	ADP
economy-574	179	33	potential	potential	ADJ
economy-574	179	34	use	use	NOUN
economy-574	179	35	.	.	PUNCT
economy-574	180	1	annual	annual	ADJ
economy-574	180	2	data	datum	NOUN
economy-574	180	3	coverage	coverage	NOUN
economy-574	180	4	of	of	ADP
economy-574	180	5	thirty	thirty	NUM
economy-574	180	6	-	-	PUNCT
economy-574	180	7	four	four	NUM
economy-574	180	8	years	year	NOUN
economy-574	180	9	(	(	PUNCT
economy-574	180	10	1980	1980	NUM
economy-574	180	11	–	–	PUNCT
economy-574	180	12	2014	2014	NUM
economy-574	180	13	)	)	PUNCT
economy-574	180	14	was	be	AUX
economy-574	180	15	used	use	VERB
economy-574	180	16	for	for	ADP
economy-574	180	17	the	the	DET
economy-574	180	18	empirical	empirical	ADJ
economy-574	180	19	analysis	analysis	NOUN
economy-574	180	20	in	in	ADP
economy-574	180	21	this	this	DET
economy-574	180	22	study	study	NOUN
economy-574	180	23	.	.	PUNCT
economy-574	181	1	the	the	DET
economy-574	181	2	data	datum	NOUN
economy-574	181	3	were	be	AUX
economy-574	181	4	collected	collect	VERB
economy-574	181	5	on	on	ADP
economy-574	181	6	macroeconomic	macroeconomic	ADJ
economy-574	181	7	variables	variable	NOUN
economy-574	181	8	:	:	PUNCT
economy-574	181	9	exchange	exchange	NOUN
economy-574	181	10	rate	rate	NOUN
economy-574	181	11	,	,	PUNCT
economy-574	181	12	interest	interest	NOUN
economy-574	181	13	rate	rate	NOUN
economy-574	181	14	,	,	PUNCT
economy-574	181	15	inflation	inflation	NOUN
economy-574	181	16	rate	rate	NOUN
economy-574	181	17	,	,	PUNCT
economy-574	181	18	balance	balance	NOUN
economy-574	181	19	of	of	ADP
economy-574	181	20	payment	payment	NOUN
economy-574	181	21	(	(	PUNCT
economy-574	181	22	bop	bop	INTJ
economy-574	181	23	)	)	PUNCT
economy-574	181	24	and	and	CCONJ
economy-574	181	25	gross	gross	ADJ
economy-574	181	26	domestic	domestic	ADJ
economy-574	181	27	product	product	NOUN
economy-574	181	28	(	(	PUNCT
economy-574	181	29	gdp	gdp	NOUN
economy-574	181	30	)	)	PUNCT
economy-574	181	31	.	.	PUNCT
economy-574	182	1	however	however	ADV
economy-574	182	2	,	,	PUNCT
economy-574	182	3	the	the	DET
economy-574	182	4	investigation	investigation	NOUN
economy-574	182	5	of	of	ADP
economy-574	182	6	the	the	DET
economy-574	182	7	sensitivity	sensitivity	NOUN
economy-574	182	8	of	of	ADP
economy-574	182	9	nigerian	nigerian	ADJ
economy-574	182	10	manufacturing	manufacturing	NOUN
economy-574	182	11	sector	sector	NOUN
economy-574	182	12	to	to	PART
economy-574	182	13	exchange	exchange	VERB
economy-574	182	14	rate	rate	NOUN
economy-574	182	15	fluctuations	fluctuation	NOUN
economy-574	182	16	is	be	AUX
economy-574	182	17	restricted	restrict	VERB
economy-574	182	18	to	to	ADP
economy-574	182	19	period	period	NOUN
economy-574	182	20	between	between	ADP
economy-574	182	21	1980	1980	NUM
economy-574	182	22	and	and	CCONJ
economy-574	182	23	2014	2014	NUM
economy-574	182	24	.	.	PUNCT
economy-574	183	1	other	other	ADJ
economy-574	183	2	data	datum	NOUN
economy-574	183	3	collected	collect	VERB
economy-574	183	4	include	include	VERB
economy-574	183	5	:	:	PUNCT
economy-574	183	6	manufacturing	manufacture	VERB
economy-574	183	7	index	index	NOUN
economy-574	183	8	of	of	ADP
economy-574	183	9	ordinary	ordinary	ADJ
economy-574	183	10	shares	share	NOUN
economy-574	183	11	listed	list	VERB
economy-574	183	12	on	on	ADP
economy-574	183	13	the	the	DET
economy-574	183	14	nigerian	nigerian	ADJ
economy-574	183	15	stock	stock	NOUN
economy-574	183	16	exchange	exchange	PROPN
economy-574	183	17	,	,	PUNCT
economy-574	183	18	average	average	ADJ
economy-574	183	19	manufacturing	manufacturing	NOUN
economy-574	183	20	capacity	capacity	NOUN
economy-574	183	21	utilisation	utilisation	NOUN
economy-574	183	22	rates	rate	NOUN
economy-574	183	23	,	,	PUNCT
economy-574	183	24	average	average	ADJ
economy-574	183	25	official	official	ADJ
economy-574	183	26	exchange	exchange	NOUN
economy-574	183	27	rate	rate	NOUN
economy-574	183	28	of	of	ADP
economy-574	183	29	naira	naira	NUM
economy-574	183	30	vis	vis	X
economy-574	183	31	-	-	PUNCT
economy-574	183	32	à	à	X
economy-574	183	33	-	-	PUNCT
economy-574	183	34	vis	vis	X
economy-574	183	35	us	us	PROPN
economy-574	183	36	dollar	dollar	NOUN
economy-574	183	37	and	and	CCONJ
economy-574	183	38	nominal	nominal	ADJ
economy-574	183	39	effective	effective	ADJ
economy-574	183	40	exchange	exchange	NOUN
economy-574	183	41	rate	rate	NOUN
economy-574	183	42	indices	index	NOUN
economy-574	183	43	.	.	PUNCT
economy-574	184	1	the	the	DET
economy-574	184	2	secondary	secondary	ADJ
economy-574	184	3	and	and	CCONJ
economy-574	184	4	time	time	NOUN
economy-574	184	5	-	-	PUNCT
economy-574	184	6	series	series	NOUN
economy-574	184	7	data	datum	NOUN
economy-574	184	8	were	be	AUX
economy-574	184	9	collected	collect	VERB
economy-574	184	10	from	from	ADP
economy-574	184	11	publications	publication	NOUN
economy-574	184	12	of	of	ADP
economy-574	184	13	central	central	ADJ
economy-574	184	14	bank	bank	PROPN
economy-574	184	15	of	of	ADP
economy-574	184	16	nigeria	nigeria	PROPN
economy-574	184	17	(	(	PUNCT
economy-574	184	18	cbn	cbn	PROPN
economy-574	184	19	)	)	PUNCT
economy-574	184	20	such	such	ADJ
economy-574	184	21	as	as	ADP
economy-574	184	22	statistical	statistical	ADJ
economy-574	184	23	bulletin	bulletin	NOUN
economy-574	184	24	,	,	PUNCT
economy-574	184	25	cbn	cbn	PROPN
economy-574	184	26	annual	annual	ADJ
economy-574	184	27	report	report	NOUN
economy-574	184	28	and	and	CCONJ
economy-574	184	29	statement	statement	NOUN
economy-574	184	30	of	of	ADP
economy-574	184	31	accounts	account	NOUN
economy-574	184	32	for	for	ADP
economy-574	184	33	the	the	DET
economy-574	184	34	years	year	NOUN
economy-574	184	35	under	under	ADP
economy-574	184	36	review	review	NOUN
economy-574	184	37	.	.	PUNCT
economy-574	185	1	3.1	3.1	NUM
economy-574	185	2	.	.	PUNCT
economy-574	185	3	models	model	NOUN
economy-574	185	4	specification	specification	VERB
economy-574	185	5	the	the	DET
economy-574	185	6	main	main	ADJ
economy-574	185	7	focus	focus	NOUN
economy-574	185	8	of	of	ADP
economy-574	185	9	this	this	DET
economy-574	185	10	study	study	NOUN
economy-574	185	11	is	be	AUX
economy-574	185	12	to	to	PART
economy-574	185	13	investigate	investigate	VERB
economy-574	185	14	the	the	DET
economy-574	185	15	sensitivity	sensitivity	NOUN
economy-574	185	16	of	of	ADP
economy-574	185	17	nigerian	nigerian	ADJ
economy-574	185	18	manufacturing	manufacturing	NOUN
economy-574	185	19	sector	sector	NOUN
economy-574	185	20	to	to	PART
economy-574	185	21	exchange	exchange	VERB
economy-574	185	22	rate	rate	NOUN
economy-574	185	23	fluctuations	fluctuation	NOUN
economy-574	185	24	and	and	CCONJ
economy-574	185	25	to	to	PART
economy-574	185	26	identify	identify	VERB
economy-574	185	27	the	the	DET
economy-574	185	28	determinants	determinant	NOUN
economy-574	185	29	of	of	ADP
economy-574	185	30	exchange	exchange	NOUN
economy-574	185	31	rate	rate	NOUN
economy-574	185	32	in	in	ADP
economy-574	185	33	nigeria	nigeria	PROPN
economy-574	185	34	.	.	PUNCT
economy-574	186	1	therefore	therefore	ADV
economy-574	186	2	,	,	PUNCT
economy-574	186	3	the	the	DET
economy-574	186	4	model	model	NOUN
economy-574	186	5	formulation	formulation	NOUN
economy-574	186	6	was	be	AUX
economy-574	186	7	designed	design	VERB
economy-574	186	8	to	to	PART
economy-574	186	9	capture	capture	VERB
economy-574	186	10	this	this	DET
economy-574	186	11	study	study	NOUN
economy-574	186	12	focus	focus	NOUN
economy-574	186	13	.	.	PUNCT
economy-574	187	1	three	three	NUM
economy-574	187	2	multiple	multiple	ADJ
economy-574	187	3	regression	regression	NOUN
economy-574	187	4	models	model	NOUN
economy-574	187	5	shall	shall	AUX
economy-574	187	6	be	be	AUX
economy-574	187	7	used	use	VERB
economy-574	187	8	in	in	ADP
economy-574	187	9	the	the	DET
economy-574	187	10	estimation	estimation	NOUN
economy-574	187	11	.	.	PUNCT
economy-574	188	1	the	the	DET
economy-574	188	2	first	first	ADJ
economy-574	188	3	regression	regression	NOUN
economy-574	188	4	model	model	NOUN
economy-574	188	5	shall	shall	AUX
economy-574	188	6	seek	seek	VERB
economy-574	188	7	to	to	PART
economy-574	188	8	investigate	investigate	VERB
economy-574	188	9	the	the	DET
economy-574	188	10	sensitivity	sensitivity	NOUN
economy-574	188	11	of	of	ADP
economy-574	188	12	nigerian	nigerian	ADJ
economy-574	188	13	manufacturing	manufacturing	NOUN
economy-574	188	14	sector	sector	NOUN
economy-574	188	15	share	share	NOUN
economy-574	188	16	index	index	NOUN
economy-574	188	17	to	to	PART
economy-574	188	18	exchange	exchange	VERB
economy-574	188	19	rate	rate	NOUN
economy-574	188	20	fluctuations	fluctuation	NOUN
economy-574	188	21	.	.	PUNCT
economy-574	189	1	this	this	PRON
economy-574	189	2	is	be	AUX
economy-574	189	3	a	a	DET
economy-574	189	4	follow	follow	NOUN
economy-574	189	5	up	up	ADP
economy-574	189	6	on	on	ADP
economy-574	189	7	previous	previous	ADJ
economy-574	189	8	studies	study	NOUN
economy-574	189	9	that	that	PRON
economy-574	189	10	have	have	AUX
economy-574	189	11	examined	examine	VERB
economy-574	189	12	the	the	DET
economy-574	189	13	impact	impact	NOUN
economy-574	189	14	of	of	ADP
economy-574	189	15	exchange	exchange	NOUN
economy-574	189	16	rate	rate	NOUN
economy-574	189	17	sensitivity	sensitivity	NOUN
economy-574	189	18	on	on	ADP
economy-574	189	19	turkish	turkish	ADJ
economy-574	189	20	companies	company	NOUN
economy-574	189	21	’	’	PART
economy-574	189	22	stock	stock	NOUN
economy-574	189	23	returns	return	NOUN
economy-574	189	24	,	,	PUNCT
economy-574	189	25	effect	effect	NOUN
economy-574	189	26	of	of	ADP
economy-574	189	27	exchange	exchange	NOUN
economy-574	189	28	rate	rate	NOUN
economy-574	189	29	fluctuations	fluctuation	NOUN
economy-574	189	30	on	on	ADP
economy-574	189	31	stock	stock	NOUN
economy-574	189	32	returns	return	NOUN
economy-574	189	33	of	of	ADP
economy-574	189	34	u.s	u.s	PROPN
economy-574	189	35	.	.	PROPN
economy-574	189	36	multinationals	multinational	NOUN
economy-574	189	37	(	(	PUNCT
economy-574	189	38	choi	choi	NOUN
economy-574	189	39	and	and	CCONJ
economy-574	189	40	prasad	prasad	NOUN
economy-574	189	41	,	,	PUNCT
economy-574	189	42	1995	1995	NUM
economy-574	189	43	)	)	PUNCT
economy-574	189	44	sensitivity	sensitivity	NOUN
economy-574	189	45	of	of	ADP
economy-574	189	46	s&p	s&p	PROPN
economy-574	189	47	500	500	NUM
economy-574	189	48	non	non	ADJ
economy-574	189	49	-	-	ADJ
economy-574	189	50	financial	financial	ADJ
economy-574	189	51	firm	firm	NOUN
economy-574	189	52	’s	’s	PART
economy-574	189	53	stock	stock	NOUN
economy-574	189	54	return	return	NOUN
economy-574	189	55	to	to	ADP
economy-574	189	56	exchange	exchange	NOUN
economy-574	189	57	rate	rate	NOUN
economy-574	189	58	exposure	exposure	NOUN
economy-574	189	59	(	(	PUNCT
economy-574	189	60	allayannis	allayanni	NOUN
economy-574	189	61	and	and	CCONJ
economy-574	189	62	ofek	ofek	NOUN
economy-574	189	63	,	,	PUNCT
economy-574	189	64	1997	1997	NUM
economy-574	189	65	)	)	PUNCT
economy-574	189	66	relationships	relationship	NOUN
economy-574	189	67	between	between	ADP
economy-574	189	68	exchange	exchange	NOUN
economy-574	189	69	rate	rate	NOUN
economy-574	189	70	and	and	CCONJ
economy-574	189	71	stock	stock	NOUN
economy-574	189	72	prices	price	NOUN
economy-574	189	73	in	in	ADP
economy-574	189	74	vietnam	vietnam	PROPN
economy-574	189	75	(	(	PUNCT
economy-574	189	76	chong	chong	PROPN
economy-574	189	77	and	and	CCONJ
economy-574	189	78	tan	tan	PROPN
economy-574	189	79	,	,	PUNCT
economy-574	189	80	2008	2008	NUM
economy-574	189	81	)	)	PUNCT
economy-574	189	82	.	.	PUNCT
economy-574	190	1	the	the	DET
economy-574	190	2	second	second	ADJ
economy-574	190	3	model	model	NOUN
economy-574	190	4	seeks	seek	VERB
economy-574	190	5	to	to	PART
economy-574	190	6	investigate	investigate	VERB
economy-574	190	7	the	the	DET
economy-574	190	8	effect	effect	NOUN
economy-574	190	9	of	of	ADP
economy-574	190	10	exchange	exchange	NOUN
economy-574	190	11	rate	rate	NOUN
economy-574	190	12	fluctuations	fluctuation	NOUN
economy-574	190	13	on	on	ADP
economy-574	190	14	manufacturing	manufacturing	NOUN
economy-574	190	15	capacity	capacity	NOUN
economy-574	190	16	utilisation	utilisation	NOUN
economy-574	190	17	rate	rate	NOUN
economy-574	190	18	,	,	PUNCT
economy-574	190	19	which	which	PRON
economy-574	190	20	is	be	AUX
economy-574	190	21	a	a	DET
economy-574	190	22	better	well	ADJ
economy-574	190	23	measure	measure	NOUN
economy-574	190	24	of	of	ADP
economy-574	190	25	the	the	DET
economy-574	190	26	performance	performance	NOUN
economy-574	190	27	of	of	ADP
economy-574	190	28	manufacturing	manufacturing	NOUN
economy-574	190	29	companies	company	NOUN
economy-574	190	30	than	than	ADP
economy-574	190	31	their	their	PRON
economy-574	190	32	share	share	NOUN
economy-574	190	33	returns	return	NOUN
economy-574	190	34	that	that	PRON
economy-574	190	35	is	be	AUX
economy-574	190	36	subject	subject	ADJ
economy-574	190	37	to	to	ADP
economy-574	190	38	speculation	speculation	NOUN
economy-574	190	39	.	.	PUNCT
economy-574	191	1	the	the	DET
economy-574	191	2	estimation	estimation	NOUN
economy-574	191	3	period	period	NOUN
economy-574	191	4	shall	shall	AUX
economy-574	191	5	be	be	AUX
economy-574	191	6	restricted	restrict	VERB
economy-574	191	7	to	to	ADP
economy-574	191	8	the	the	DET
economy-574	191	9	period	period	NOUN
economy-574	191	10	between	between	ADP
economy-574	191	11	1980	1980	NUM
economy-574	191	12	and	and	CCONJ
economy-574	191	13	2014	2014	NUM
economy-574	191	14	,	,	PUNCT
economy-574	191	15	that	that	ADV
economy-574	191	16	is	is	ADV
economy-574	191	17	,	,	PUNCT
economy-574	191	18	upto	upto	ADJ
economy-574	191	19	when	when	SCONJ
economy-574	191	20	data	datum	NOUN
economy-574	191	21	was	be	AUX
economy-574	191	22	available	available	ADJ
economy-574	191	23	.	.	PUNCT
economy-574	192	1	the	the	DET
economy-574	192	2	third	third	ADJ
economy-574	192	3	model	model	NOUN
economy-574	192	4	seeks	seek	VERB
economy-574	192	5	to	to	PART
economy-574	192	6	identify	identify	VERB
economy-574	192	7	the	the	DET
economy-574	192	8	determinants	determinant	NOUN
economy-574	192	9	of	of	ADP
economy-574	192	10	exchange	exchange	NOUN
economy-574	192	11	rate	rate	NOUN
economy-574	192	12	in	in	ADP
economy-574	192	13	nigeria	nigeria	PROPN
economy-574	192	14	with	with	ADP
economy-574	192	15	data	datum	NOUN
economy-574	192	16	spanning	span	VERB
economy-574	192	17	from	from	ADP
economy-574	192	18	1980	1980	NUM
economy-574	192	19	to	to	ADP
economy-574	192	20	2014	2014	NUM
economy-574	192	21	.	.	PUNCT
economy-574	193	1	thus	thus	ADV
economy-574	193	2	,	,	PUNCT
economy-574	193	3	the	the	DET
economy-574	193	4	model	model	NOUN
economy-574	193	5	specifications	specification	NOUN
economy-574	193	6	are	be	AUX
economy-574	193	7	as	as	SCONJ
economy-574	193	8	follows	follow	VERB
economy-574	193	9	:	:	PUNCT
economy-574	193	10	model	model	NOUN
economy-574	193	11	i	i	PRON
economy-574	193	12	:	:	PUNCT
economy-574	193	13	this	this	PRON
economy-574	193	14	is	be	AUX
economy-574	193	15	symbolically	symbolically	ADV
economy-574	193	16	expressed	express	VERB
economy-574	193	17	as	as	ADP
economy-574	193	18	mis	mis	PROPN
economy-574	193	19	=	=	PROPN
economy-574	193	20	f	f	X
economy-574	193	21	(	(	PUNCT
economy-574	193	22	exr	exr	PROPN
economy-574	193	23	,	,	PUNCT
economy-574	193	24	neer	neer	NOUN
economy-574	193	25	,	,	PUNCT
economy-574	193	26	rgdp)	rgdp)	NOUN
economy-574	193	27	…	…	X
economy-574	193	28	…	…	PUNCT
economy-574	193	29	…	…	PUNCT
economy-574	193	30	…	…	PUNCT
economy-574	193	31	…	…	PUNCT
economy-574	193	32	…	…	PUNCT
economy-574	193	33	…	…	PUNCT
economy-574	193	34	…	…	PUNCT
economy-574	193	35	…	…	PUNCT
economy-574	193	36	…	…	PUNCT
economy-574	193	37	…	…	PUNCT
economy-574	193	38	…	…	PUNCT
economy-574	193	39	…	…	PUNCT
economy-574	193	40	…	…	PUNCT
economy-574	193	41	…	…	PUNCT
economy-574	193	42	…	…	PUNCT
economy-574	193	43	…	…	PUNCT
economy-574	193	44	…	…	SYM
economy-574	193	45	.	.	NUM
economy-574	193	46	…	…	PUNCT
economy-574	193	47	…	…	PUNCT
economy-574	193	48	…	…	PUNCT
economy-574	193	49	…	…	PUNCT
economy-574	193	50	…	…	PUNCT
economy-574	193	51	…	…	PUNCT
economy-574	193	52	…	…	PUNCT
economy-574	193	53	…	…	PUNCT
economy-574	193	54	…	…	PUNCT
economy-574	193	55	…	…	PUNCT
economy-574	193	56	…	…	PUNCT
economy-574	193	57	…	…	PUNCT
economy-574	193	58	…	…	PUNCT
economy-574	193	59	…	…	PUNCT
economy-574	193	60	..	..	SYM
economy-574	193	61	3.1	3.1	NUM
economy-574	193	62	mathematical	mathematical	ADJ
economy-574	193	63	presentation	presentation	NOUN
economy-574	193	64	of	of	ADP
economy-574	193	65	the	the	DET
economy-574	193	66	model	model	NOUN
economy-574	193	67	:	:	PUNCT
economy-574	193	68	mist=	mist=	PROPN
economy-574	193	69	β0	β0	PROPN
economy-574	193	70	+	+	CCONJ
economy-574	194	1	β1exrt	β1exrt	PROPN
economy-574	195	1	+	+	CCONJ
economy-574	195	2	β2neert	β2neert	ADJ
economy-574	195	3	+	+	CCONJ
economy-574	195	4	β3rgdpt	β3rgdpt	PROPN
economy-574	195	5	+	+	NUM
economy-574	195	6	μ	μ	NUM
economy-574	195	7	…	…	SYM
economy-574	195	8	…	…	PUNCT
economy-574	195	9	…	…	PUNCT
economy-574	195	10	…	…	PUNCT
economy-574	195	11	…	…	PUNCT
economy-574	195	12	…	…	PUNCT
economy-574	195	13	…	…	PUNCT
economy-574	195	14	…	…	PUNCT
economy-574	195	15	…	…	PUNCT
economy-574	195	16	…	…	PUNCT
economy-574	195	17	…	…	PUNCT
economy-574	195	18	...	...	PUNCT
economy-574	195	19	…	…	PUNCT
economy-574	195	20	…	…	PUNCT
economy-574	195	21	…	…	PUNCT
economy-574	195	22	…	…	PUNCT
economy-574	195	23	…	…	PUNCT
economy-574	195	24	…	…	PUNCT
economy-574	195	25	…	…	PUNCT
economy-574	195	26	…	…	PUNCT
economy-574	195	27	…	…	PUNCT
economy-574	195	28	…	…	PUNCT
economy-574	195	29	…	…	PUNCT
economy-574	195	30	…	…	PUNCT
economy-574	195	31	…	…	PUNCT
economy-574	195	32	…	…	SYM
economy-574	195	33	3.2	3.2	NUM
economy-574	195	34	adopting	adopt	VERB
economy-574	195	35	a	a	DET
economy-574	195	36	log	log	NOUN
economy-574	195	37	-	-	PUNCT
economy-574	195	38	linear	linear	NOUN
economy-574	195	39	specification	specification	NOUN
economy-574	195	40	,	,	PUNCT
economy-574	195	41	taking	take	VERB
economy-574	195	42	the	the	DET
economy-574	195	43	natural	natural	ADJ
economy-574	195	44	logarithm	logarithm	NOUN
economy-574	195	45	both	both	DET
economy-574	195	46	sides	side	NOUN
economy-574	195	47	of	of	ADP
economy-574	195	48	the	the	DET
economy-574	195	49	equation	equation	NOUN
economy-574	195	50	and	and	CCONJ
economy-574	195	51	assuming	assume	VERB
economy-574	195	52	linearity	linearity	NOUN
economy-574	195	53	among	among	ADP
economy-574	195	54	the	the	DET
economy-574	195	55	variables	variable	NOUN
economy-574	195	56	give	give	VERB
economy-574	195	57	.	.	PUNCT
economy-574	196	1	lmist	lmist	NOUN
economy-574	196	2	=	=	PROPN
economy-574	197	1	β0	β0	PROPN
economy-574	197	2	+	+	CCONJ
economy-574	197	3	β1	β1	NOUN
economy-574	197	4	exrt	exrt	NOUN
economy-574	197	5	+	+	CCONJ
economy-574	197	6	β2neert	β2neert	NUM
economy-574	198	1	+	+	NUM
economy-574	198	2	β3lrgdpt+μ	β3lrgdpt+μ	NUM
economy-574	198	3	…	…	PUNCT
economy-574	198	4	…	…	PUNCT
economy-574	198	5	.	.	NUM
economy-574	198	6	…	…	PUNCT
economy-574	198	7	…	…	PUNCT
economy-574	198	8	…	…	PUNCT
economy-574	198	9	…	…	PUNCT
economy-574	198	10	…	…	PUNCT
economy-574	198	11	...	...	PUNCT
economy-574	198	12	…	…	PUNCT
economy-574	198	13	…	…	PUNCT
economy-574	198	14	…	…	PUNCT
economy-574	198	15	…	…	PUNCT
economy-574	198	16	…	…	PUNCT
economy-574	198	17	…	…	PUNCT
economy-574	198	18	…	…	PUNCT
economy-574	198	19	…	…	PUNCT
economy-574	198	20	…	…	PUNCT
economy-574	198	21	…	…	PUNCT
economy-574	198	22	…	…	PUNCT
economy-574	198	23	…	…	PUNCT
economy-574	198	24	…	…	PUNCT
economy-574	198	25	…	…	PUNCT
economy-574	198	26	…	…	PUNCT
economy-574	198	27	…	…	PUNCT
economy-574	198	28	.3.3	.3.3	X
economy-574	198	29	note	note	VERB
economy-574	198	30	that	that	PRON
economy-574	198	31	log	log	VERB
economy-574	198	32	a=	a=	PUNCT
economy-574	198	33	b0	b0	NOUN
economy-574	198	34	where	where	SCONJ
economy-574	198	35	:	:	PUNCT
economy-574	198	36	lmis=	lmis=	NUM
economy-574	198	37	manufacturing	manufacturing	NOUN
economy-574	198	38	index	index	NOUN
economy-574	198	39	of	of	ADP
economy-574	198	40	ordinary	ordinary	ADJ
economy-574	198	41	shares	share	NOUN
economy-574	198	42	listed	list	VERB
economy-574	198	43	on	on	ADP
economy-574	198	44	the	the	DET
economy-574	198	45	nigerian	nigerian	ADJ
economy-574	198	46	stock	stock	NOUN
economy-574	198	47	exchange	exchange	NOUN
economy-574	198	48	for	for	ADP
economy-574	198	49	current	current	ADJ
economy-574	198	50	year	year	NOUN
economy-574	198	51	exr	exr	PROPN
economy-574	199	1	=	=	ADJ
economy-574	199	2	average	average	ADJ
economy-574	199	3	official	official	ADJ
economy-574	199	4	exchange	exchange	NOUN
economy-574	199	5	rate	rate	NOUN
economy-574	199	6	of	of	ADP
economy-574	199	7	naira	naira	NUM
economy-574	199	8	vis	vis	X
economy-574	199	9	-	-	PUNCT
economy-574	199	10	à	à	X
economy-574	199	11	-	-	PUNCT
economy-574	199	12	vis	vis	X
economy-574	199	13	us	us	PROPN
economy-574	199	14	dollar	dollar	NOUN
economy-574	199	15	neer	neer	NOUN
economy-574	199	16	=	=	NUM
economy-574	199	17	nominal	nominal	ADJ
economy-574	199	18	effective	effective	ADJ
economy-574	199	19	exchange	exchange	NOUN
economy-574	199	20	rate	rate	NOUN
economy-574	199	21	indices	index	NOUN
economy-574	199	22	for	for	ADP
economy-574	199	23	nigeria	nigeria	PROPN
economy-574	199	24	lrgdp	lrgdp	PROPN
economy-574	199	25	=	=	PUNCT
economy-574	199	26	real	real	ADJ
economy-574	199	27	gross	gross	ADJ
economy-574	199	28	domestic	domestic	ADJ
economy-574	199	29	product	product	NOUN
economy-574	199	30	for	for	ADP
economy-574	199	31	previous	previous	ADJ
economy-574	199	32	year	year	NOUN
economy-574	199	33	µ=	µ=	NOUN
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economy-574	199	37	term	term	NOUN
economy-574	199	38	.	.	PUNCT
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economy-574	200	2	regression	regression	NOUN
economy-574	200	3	coefficients	coefficient	NOUN
economy-574	200	4	.	.	PUNCT
economy-574	201	1	β0	β0	NOUN
economy-574	201	2	=	=	NOUN
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economy-574	201	5	the	the	DET
economy-574	201	6	function	function	NOUN
economy-574	201	7	(	(	PUNCT
economy-574	201	8	constant	constant	ADJ
economy-574	201	9	term	term	NOUN
economy-574	201	10	)	)	PUNCT
economy-574	201	11	t=	t=	NOUN
economy-574	201	12	time	time	NOUN
economy-574	201	13	(	(	PUNCT
economy-574	201	14	1980	1980	NUM
economy-574	201	15	to	to	ADP
economy-574	201	16	2014	2014	NUM
economy-574	201	17	)	)	PUNCT
economy-574	201	18	model	model	PROPN
economy-574	201	19	ii	ii	PROPN
economy-574	201	20	:	:	PUNCT
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economy-574	201	22	is	be	AUX
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economy-574	201	25	as	as	ADP
economy-574	201	26	mcu	mcu	PROPN
economy-574	201	27	=	=	PROPN
economy-574	201	28	f	f	X
economy-574	201	29	(	(	PUNCT
economy-574	201	30	exr	exr	PROPN
economy-574	201	31	,	,	PUNCT
economy-574	201	32	neer	neer	NOUN
economy-574	201	33	,	,	PUNCT
economy-574	201	34	rgdp)	rgdp)	NOUN
economy-574	201	35	…	…	X
economy-574	201	36	…	…	PUNCT
economy-574	201	37	…	…	PUNCT
economy-574	201	38	…	…	PUNCT
economy-574	201	39	…	…	PUNCT
economy-574	201	40	…	…	PUNCT
economy-574	201	41	…	…	PUNCT
economy-574	201	42	…	…	PUNCT
economy-574	201	43	…	…	PUNCT
economy-574	201	44	…	…	PUNCT
economy-574	201	45	…	…	PUNCT
economy-574	201	46	…	…	PUNCT
economy-574	201	47	...	...	PUNCT
economy-574	201	48	…	…	PUNCT
economy-574	201	49	…	…	PUNCT
economy-574	201	50	…	…	PUNCT
economy-574	201	51	…	…	PUNCT
economy-574	201	52	…	…	PUNCT
economy-574	201	53	…	…	PUNCT
economy-574	201	54	…	…	PUNCT
economy-574	201	55	…	…	PUNCT
economy-574	201	56	…	…	PUNCT
economy-574	201	57	…	…	PUNCT
economy-574	201	58	…	…	PUNCT
economy-574	201	59	…	…	PUNCT
economy-574	201	60	…	…	PUNCT
economy-574	201	61	…	…	PUNCT
economy-574	201	62	…	…	PUNCT
economy-574	201	63	…	…	PUNCT
economy-574	201	64	…	…	PUNCT
economy-574	201	65	…	…	PUNCT
economy-574	201	66	…	…	PUNCT
economy-574	201	67	.3.4	.3.4	NOUN
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economy-574	201	69	presentation	presentation	NOUN
economy-574	201	70	of	of	ADP
economy-574	201	71	the	the	DET
economy-574	201	72	model	model	NOUN
economy-574	201	73	:	:	PUNCT
economy-574	201	74	mcut=	mcut=	PROPN
economy-574	201	75	β0	β0	PROPN
economy-574	201	76	+	+	CCONJ
economy-574	202	1	β1exrt	β1exrt	PROPN
economy-574	203	1	+	+	CCONJ
economy-574	203	2	β2neert	β2neert	ADJ
economy-574	203	3	+	+	CCONJ
economy-574	203	4	β3rgdpt	β3rgdpt	PROPN
economy-574	203	5	+	+	NUM
economy-574	203	6	μ	μ	NUM
economy-574	203	7	…	…	SYM
economy-574	203	8	…	…	PUNCT
economy-574	203	9	…	…	PUNCT
economy-574	203	10	…	…	PUNCT
economy-574	203	11	…	…	PUNCT
economy-574	203	12	…	…	PUNCT
economy-574	203	13	…	…	PUNCT
economy-574	203	14	…	…	SYM
economy-574	203	15	.	.	NUM
economy-574	203	16	…	…	PUNCT
economy-574	203	17	…	…	PUNCT
economy-574	203	18	…	…	PUNCT
economy-574	203	19	…	…	PUNCT
economy-574	203	20	…	…	PUNCT
economy-574	203	21	…	…	PUNCT
economy-574	203	22	…	…	PUNCT
economy-574	203	23	…	…	PUNCT
economy-574	203	24	…	…	PUNCT
economy-574	203	25	…	…	PUNCT
economy-574	203	26	…	…	PUNCT
economy-574	203	27	…	…	PUNCT
economy-574	203	28	…	…	PUNCT
economy-574	203	29	…	…	PUNCT
economy-574	203	30	…	…	PUNCT
economy-574	203	31	…	…	PUNCT
economy-574	203	32	…	…	PUNCT
economy-574	203	33	3.5	3.5	NUM
economy-574	203	34	adopting	adopt	VERB
economy-574	203	35	a	a	DET
economy-574	203	36	log	log	NOUN
economy-574	203	37	-	-	PUNCT
economy-574	203	38	linear	linear	NOUN
economy-574	203	39	specification	specification	NOUN
economy-574	203	40	,	,	PUNCT
economy-574	203	41	taking	take	VERB
economy-574	203	42	the	the	DET
economy-574	203	43	natural	natural	ADJ
economy-574	203	44	logarithm	logarithm	NOUN
economy-574	203	45	both	both	DET
economy-574	203	46	sides	side	NOUN
economy-574	203	47	of	of	ADP
economy-574	203	48	the	the	DET
economy-574	203	49	equation	equation	NOUN
economy-574	203	50	and	and	CCONJ
economy-574	203	51	assuming	assume	VERB
economy-574	203	52	linearity	linearity	NOUN
economy-574	203	53	among	among	ADP
economy-574	203	54	the	the	DET
economy-574	203	55	variables	variable	NOUN
economy-574	203	56	give	give	VERB
economy-574	203	57	.	.	PUNCT
economy-574	204	1	lmcut	lmcut	VERB
economy-574	205	1	=	=	NOUN
economy-574	205	2	β0	β0	PROPN
economy-574	205	3	+	+	CCONJ
economy-574	205	4	β1	β1	NOUN
economy-574	205	5	exrt	exrt	NOUN
economy-574	205	6	+	+	CCONJ
economy-574	205	7	β2neert	β2neert	NUM
economy-574	205	8	+	+	NUM
economy-574	205	9	β3lrgdpt+μ	β3lrgdpt+μ	NUM
economy-574	205	10	…	…	PUNCT
economy-574	205	11	…	…	PUNCT
economy-574	205	12	.	.	NUM
economy-574	205	13	…	…	PUNCT
economy-574	205	14	…	…	SYM
economy-574	205	15	.	.	NUM
economy-574	205	16	…	…	PUNCT
economy-574	205	17	…	…	PUNCT
economy-574	205	18	…	…	PUNCT
economy-574	205	19	…	…	PUNCT
economy-574	205	20	…	…	PUNCT
economy-574	205	21	…	…	PUNCT
economy-574	205	22	…	…	PUNCT
economy-574	205	23	…	…	PUNCT
economy-574	205	24	…	…	PUNCT
economy-574	205	25	…	…	PUNCT
economy-574	205	26	…	…	PUNCT
economy-574	205	27	…	…	PUNCT
economy-574	205	28	…	…	PUNCT
economy-574	205	29	…	…	PUNCT
economy-574	205	30	…	…	PUNCT
economy-574	205	31	…	…	PUNCT
economy-574	205	32	…	…	PUNCT
economy-574	205	33	…	…	PUNCT
economy-574	205	34	…	…	PUNCT
economy-574	205	35	…	…	SYM
economy-574	205	36	3.6	3.6	NUM
economy-574	205	37	note	note	NOUN
economy-574	205	38	that	that	PRON
economy-574	205	39	log	log	VERB
economy-574	205	40	a=	a=	PUNCT
economy-574	205	41	b0	b0	NOUN
economy-574	205	42	where	where	SCONJ
economy-574	205	43	:	:	PUNCT
economy-574	205	44	mcu	mcu	PROPN
economy-574	205	45	=	=	NOUN
economy-574	205	46	manufacturing	manufacturing	NOUN
economy-574	205	47	capacity	capacity	NOUN
economy-574	205	48	utilisation	utilisation	NOUN
economy-574	205	49	rate	rate	NOUN
economy-574	205	50	for	for	ADP
economy-574	205	51	current	current	ADJ
economy-574	205	52	year	year	NOUN
economy-574	205	53	exr	exr	PROPN
economy-574	205	54	=	=	PUNCT
economy-574	205	55	average	average	ADJ
economy-574	205	56	official	official	ADJ
economy-574	205	57	exchange	exchange	NOUN
economy-574	205	58	rate	rate	NOUN
economy-574	205	59	of	of	ADP
economy-574	205	60	naira	naira	NUM
economy-574	205	61	vis	vis	X
economy-574	205	62	-	-	PUNCT
economy-574	205	63	à	à	X
economy-574	205	64	-	-	PUNCT
economy-574	205	65	vis	vis	X
economy-574	205	66	us	us	PROPN
economy-574	205	67	dollar	dollar	NOUN
economy-574	205	68	neer	neer	NOUN
economy-574	205	69	=	=	PUNCT
economy-574	205	70	nominal	nominal	ADJ
economy-574	205	71	effective	effective	ADJ
economy-574	205	72	exchange	exchange	NOUN
economy-574	205	73	rate	rate	NOUN
economy-574	205	74	indices	index	NOUN
economy-574	205	75	for	for	ADP
economy-574	205	76	nigeria	nigeria	PROPN
economy-574	205	77	rgdp	rgdp	PROPN
economy-574	205	78	=	=	SYM
economy-574	205	79	real	real	ADJ
economy-574	205	80	gross	gross	ADJ
economy-574	205	81	domestic	domestic	ADJ
economy-574	205	82	product	product	NOUN
economy-574	205	83	for	for	ADP
economy-574	205	84	previous	previous	ADJ
economy-574	205	85	year	year	NOUN
economy-574	205	86	μ=	μ=	NOUN
economy-574	205	87	stochastic	stochastic	NOUN
economy-574	205	88	or	or	CCONJ
economy-574	205	89	error	error	NOUN
economy-574	205	90	term	term	NOUN
economy-574	205	91	.	.	PUNCT
economy-574	206	1	β1β3=	β1β3=	X
economy-574	206	2	regression	regression	NOUN
economy-574	206	3	coefficients	coefficient	NOUN
economy-574	206	4	.	.	PUNCT
economy-574	207	1	β0	β0	NOUN
economy-574	207	2	=	=	NOUN
economy-574	207	3	intercept	intercept	NOUN
economy-574	207	4	of	of	ADP
economy-574	207	5	the	the	DET
economy-574	207	6	function	function	NOUN
economy-574	207	7	(	(	PUNCT
economy-574	207	8	constant	constant	ADJ
economy-574	207	9	term	term	NOUN
economy-574	207	10	)	)	PUNCT
economy-574	207	11	economy	economy	NOUN
economy-574	207	12	,	,	PUNCT
economy-574	207	13	2016	2016	NUM
economy-574	207	14	,	,	PUNCT
economy-574	207	15	3(1	3(1	NUM
economy-574	207	16	):	):	PUNCT
economy-574	207	17	40	40	NUM
economy-574	207	18	-	-	SYM
economy-574	207	19	50	50	NUM
economy-574	207	20	46	46	NUM
economy-574	207	21	t=	t=	NUM
economy-574	207	22	time	time	NOUN
economy-574	207	23	(	(	PUNCT
economy-574	207	24	1980	1980	NUM
economy-574	207	25	to	to	ADP
economy-574	207	26	2014	2014	NUM
economy-574	207	27	)	)	PUNCT
economy-574	207	28	model	model	NOUN
economy-574	207	29	iii	iii	PROPN
economy-574	207	30	:	:	PUNCT
economy-574	207	31	this	this	PRON
economy-574	207	32	is	be	AUX
economy-574	207	33	symbolically	symbolically	ADV
economy-574	207	34	expressed	express	VERB
economy-574	207	35	as	as	ADP
economy-574	207	36	exr	exr	PROPN
economy-574	207	37	=	=	PROPN
economy-574	207	38	f	f	X
economy-574	207	39	(	(	PUNCT
economy-574	207	40	int	int	PROPN
economy-574	207	41	,	,	PUNCT
economy-574	207	42	inf	inf	NOUN
economy-574	207	43	,	,	PUNCT
economy-574	207	44	bop	bop	INTJ
economy-574	207	45	,	,	PUNCT
economy-574	207	46	rgdp)	rgdp)	NOUN
economy-574	207	47	…	…	X
economy-574	207	48	…	…	PUNCT
economy-574	207	49	…	…	PUNCT
economy-574	207	50	…	…	PUNCT
economy-574	207	51	…	…	PUNCT
economy-574	207	52	…	…	PUNCT
economy-574	207	53	…	…	PUNCT
economy-574	207	54	…	…	PUNCT
economy-574	207	55	…	…	PUNCT
economy-574	207	56	…	…	PUNCT
economy-574	207	57	...	...	PUNCT
economy-574	207	58	…	…	PUNCT
economy-574	207	59	…	…	PUNCT
economy-574	207	60	…	…	PUNCT
economy-574	207	61	…	…	PUNCT
economy-574	207	62	…	…	PUNCT
economy-574	207	63	…	…	PUNCT
economy-574	207	64	…	…	PUNCT
economy-574	207	65	…	…	PUNCT
economy-574	207	66	…	…	PUNCT
economy-574	207	67	…	…	PUNCT
economy-574	207	68	…	…	PUNCT
economy-574	207	69	…	…	PUNCT
economy-574	207	70	…	…	PUNCT
economy-574	207	71	…	…	PUNCT
economy-574	207	72	…	…	PUNCT
economy-574	207	73	…	…	PUNCT
economy-574	207	74	…	…	PUNCT
economy-574	207	75	…	…	PUNCT
economy-574	207	76	…	…	PUNCT
economy-574	207	77	…	…	PUNCT
economy-574	207	78	..	..	SYM
economy-574	207	79	3.7	3.7	NUM
economy-574	207	80	mathematical	mathematical	ADJ
economy-574	207	81	presentation	presentation	NOUN
economy-574	207	82	of	of	ADP
economy-574	207	83	the	the	DET
economy-574	207	84	model	model	NOUN
economy-574	207	85	:	:	PUNCT
economy-574	207	86	exrt=	exrt=	NUM
economy-574	207	87	β0	β0	ADJ
economy-574	207	88	+	+	NUM
economy-574	207	89	β1intt	β1intt	NOUN
economy-574	207	90	+	+	CCONJ
economy-574	207	91	β2inft	β2inft	VERB
economy-574	207	92	+	+	CCONJ
economy-574	207	93	β3bopt	β3bopt	PUNCT
economy-574	207	94	+	+	CCONJ
economy-574	207	95	β4rgdpt	β4rgdpt	PROPN
economy-574	207	96	+	+	NUM
economy-574	207	97	μ	μ	NUM
economy-574	207	98	…	…	SYM
economy-574	207	99	…	…	PUNCT
economy-574	207	100	…	…	PUNCT
economy-574	207	101	…	…	PUNCT
economy-574	207	102	…	…	PUNCT
economy-574	207	103	…	…	PUNCT
economy-574	207	104	..	..	PUNCT
economy-574	207	105	…	…	PUNCT
economy-574	207	106	…	…	PUNCT
economy-574	207	107	…	…	PUNCT
economy-574	207	108	…	…	PUNCT
economy-574	207	109	…	…	PUNCT
economy-574	207	110	…	…	PUNCT
economy-574	207	111	…	…	PUNCT
economy-574	207	112	…	…	PUNCT
economy-574	207	113	…	…	PUNCT
economy-574	207	114	…	…	PUNCT
economy-574	207	115	…	…	PUNCT
economy-574	207	116	…	…	PUNCT
economy-574	207	117	…	…	PUNCT
economy-574	207	118	…	…	PUNCT
economy-574	207	119	…	…	PUNCT
economy-574	207	120	…	…	PUNCT
economy-574	207	121	.3.8	.3.8	PUNCT
economy-574	207	122	adopting	adopt	VERB
economy-574	207	123	a	a	DET
economy-574	207	124	log	log	NOUN
economy-574	207	125	-	-	PUNCT
economy-574	207	126	linear	linear	NOUN
economy-574	207	127	specification	specification	NOUN
economy-574	207	128	,	,	PUNCT
economy-574	207	129	taking	take	VERB
economy-574	207	130	the	the	DET
economy-574	207	131	natural	natural	ADJ
economy-574	207	132	logarithm	logarithm	NOUN
economy-574	207	133	both	both	DET
economy-574	207	134	sides	side	NOUN
economy-574	207	135	of	of	ADP
economy-574	207	136	the	the	DET
economy-574	207	137	equation	equation	NOUN
economy-574	207	138	and	and	CCONJ
economy-574	207	139	assuming	assume	VERB
economy-574	207	140	linearity	linearity	NOUN
economy-574	207	141	among	among	ADP
economy-574	207	142	the	the	DET
economy-574	207	143	variables	variable	NOUN
economy-574	207	144	give	give	VERB
economy-574	207	145	.	.	PUNCT
economy-574	208	1	exrt	exrt	PROPN
economy-574	209	1	=	=	PROPN
economy-574	209	2	β0	β0	PROPN
economy-574	209	3	+	+	CCONJ
economy-574	209	4	β1	β1	NOUN
economy-574	209	5	intt	intt	NOUN
economy-574	209	6	+	+	CCONJ
economy-574	209	7	β2inft	β2inft	PROPN
economy-574	209	8	+	+	NUM
economy-574	209	9	β3lbopt+	β3lbopt+	ADV
economy-574	209	10	β4lrgdpt	β4lrgdpt	PROPN
economy-574	209	11	+	+	PROPN
economy-574	209	12	μ	μ	NOUN
economy-574	209	13	…	…	PUNCT
economy-574	209	14	…	…	X
economy-574	209	15	.	.	NUM
economy-574	209	16	…	…	PUNCT
economy-574	209	17	…	…	PUNCT
economy-574	209	18	…	…	SYM
economy-574	209	19	.	.	NUM
economy-574	209	20	…	…	PUNCT
economy-574	209	21	…	…	PUNCT
economy-574	209	22	…	…	PUNCT
economy-574	209	23	…	…	PUNCT
economy-574	209	24	…	…	PUNCT
economy-574	209	25	…	…	PUNCT
economy-574	209	26	…	…	PUNCT
economy-574	209	27	…	…	PUNCT
economy-574	209	28	…	…	PUNCT
economy-574	209	29	…	…	PUNCT
economy-574	209	30	…	…	PUNCT
economy-574	209	31	…	…	PUNCT
economy-574	209	32	…	…	PUNCT
economy-574	209	33	…	…	PUNCT
economy-574	209	34	…	…	PUNCT
economy-574	209	35	…	…	SYM
economy-574	209	36	3.9	3.9	NUM
economy-574	209	37	note	note	NOUN
economy-574	209	38	that	that	PRON
economy-574	209	39	log	log	VERB
economy-574	209	40	a=	a=	PUNCT
economy-574	209	41	b0	b0	NOUN
economy-574	209	42	where	where	SCONJ
economy-574	209	43	:	:	PUNCT
economy-574	209	44	exr	exr	PROPN
economy-574	209	45	=	=	PUNCT
economy-574	209	46	average	average	ADJ
economy-574	209	47	official	official	ADJ
economy-574	209	48	exchange	exchange	NOUN
economy-574	209	49	rate	rate	NOUN
economy-574	209	50	of	of	ADP
economy-574	209	51	naira	naira	NUM
economy-574	209	52	vis	vis	X
economy-574	209	53	-	-	PUNCT
economy-574	209	54	à	à	X
economy-574	209	55	-	-	PUNCT
economy-574	209	56	vis	vis	X
economy-574	209	57	us	us	PROPN
economy-574	209	58	dollar	dollar	NOUN
economy-574	209	59	int	int	NOUN
economy-574	209	60	=	=	NOUN
economy-574	209	61	interest	interest	NOUN
economy-574	209	62	rate	rate	NOUN
economy-574	209	63	for	for	ADP
economy-574	209	64	current	current	ADJ
economy-574	209	65	year	year	NOUN
economy-574	209	66	inf	inf	NOUN
economy-574	209	67	=	=	NOUN
economy-574	209	68	inflation	inflation	NOUN
economy-574	209	69	rate	rate	NOUN
economy-574	209	70	for	for	ADP
economy-574	209	71	current	current	ADJ
economy-574	209	72	year	year	NOUN
economy-574	209	73	bop	bop	NOUN
economy-574	209	74	=	=	NOUN
economy-574	209	75	balance	balance	NOUN
economy-574	209	76	of	of	ADP
economy-574	209	77	payment	payment	NOUN
economy-574	209	78	surplus	surplus	NOUN
economy-574	209	79	/	/	SYM
economy-574	209	80	deficit	deficit	NOUN
economy-574	209	81	for	for	ADP
economy-574	209	82	current	current	ADJ
economy-574	209	83	year	year	NOUN
economy-574	209	84	rgdp	rgdp	NOUN
economy-574	209	85	=	=	PROPN
economy-574	209	86	real	real	ADJ
economy-574	209	87	gross	gross	ADJ
economy-574	209	88	domestic	domestic	ADJ
economy-574	209	89	product	product	NOUN
economy-574	209	90	for	for	ADP
economy-574	209	91	previous	previous	ADJ
economy-574	209	92	year	year	NOUN
economy-574	209	93	μ=	μ=	NOUN
economy-574	209	94	stochastic	stochastic	NOUN
economy-574	209	95	or	or	CCONJ
economy-574	209	96	error	error	NOUN
economy-574	209	97	term	term	NOUN
economy-574	209	98	.	.	PUNCT
economy-574	210	1	β1β3=	β1β3=	X
economy-574	210	2	regression	regression	NOUN
economy-574	210	3	coefficients	coefficient	NOUN
economy-574	210	4	.	.	PUNCT
economy-574	211	1	β0	β0	ADJ
economy-574	211	2	intercept	intercept	NOUN
economy-574	211	3	of	of	ADP
economy-574	211	4	the	the	DET
economy-574	211	5	function	function	NOUN
economy-574	211	6	(	(	PUNCT
economy-574	211	7	constant	constant	ADJ
economy-574	211	8	term	term	NOUN
economy-574	211	9	)	)	PUNCT
economy-574	211	10	t	t	PROPN
economy-574	211	11	-time	-time	PROPN
economy-574	211	12	(	(	PUNCT
economy-574	211	13	1980	1980	NUM
economy-574	211	14	to	to	ADP
economy-574	211	15	2014	2014	NUM
economy-574	211	16	)	)	PUNCT
economy-574	211	17	4	4	NUM
economy-574	211	18	.	.	PUNCT
economy-574	211	19	data	datum	NOUN
economy-574	211	20	presentation	presentation	NOUN
economy-574	211	21	and	and	CCONJ
economy-574	211	22	analysis	analysis	NOUN
economy-574	211	23	of	of	ADP
economy-574	211	24	result	result	NOUN
economy-574	211	25	as	as	SCONJ
economy-574	211	26	stated	state	VERB
economy-574	211	27	in	in	ADP
economy-574	211	28	the	the	DET
economy-574	211	29	previous	previous	ADJ
economy-574	211	30	section	section	NOUN
economy-574	211	31	,	,	PUNCT
economy-574	211	32	the	the	DET
economy-574	211	33	estimated	estimate	VERB
economy-574	211	34	regression	regression	NOUN
economy-574	211	35	results	result	NOUN
economy-574	211	36	are	be	AUX
economy-574	211	37	based	base	VERB
economy-574	211	38	on	on	ADP
economy-574	211	39	the	the	DET
economy-574	211	40	johansen	johansen	PROPN
economy-574	211	41	cointegration	cointegration	NOUN
economy-574	211	42	technique	technique	NOUN
economy-574	211	43	and	and	CCONJ
economy-574	211	44	the	the	DET
economy-574	211	45	ecm	ecm	NOUN
economy-574	211	46	regressions	regression	NOUN
economy-574	211	47	.	.	PUNCT
economy-574	212	1	these	these	DET
economy-574	212	2	results	result	NOUN
economy-574	212	3	are	be	AUX
economy-574	212	4	presented	present	VERB
economy-574	212	5	and	and	CCONJ
economy-574	212	6	discussed	discuss	VERB
economy-574	212	7	in	in	ADP
economy-574	212	8	this	this	DET
economy-574	212	9	section	section	NOUN
economy-574	212	10	.	.	PUNCT
economy-574	213	1	the	the	DET
economy-574	213	2	procedure	procedure	NOUN
economy-574	213	3	involves	involve	VERB
economy-574	213	4	the	the	DET
economy-574	213	5	investigation	investigation	NOUN
economy-574	213	6	and	and	CCONJ
economy-574	213	7	determination	determination	NOUN
economy-574	213	8	of	of	ADP
economy-574	213	9	the	the	DET
economy-574	213	10	time	time	NOUN
economy-574	213	11	series	series	NOUN
economy-574	213	12	properties	property	NOUN
economy-574	213	13	of	of	ADP
economy-574	213	14	all	all	DET
economy-574	213	15	variables	variable	NOUN
economy-574	213	16	included	include	VERB
economy-574	213	17	in	in	ADP
economy-574	213	18	the	the	DET
economy-574	213	19	regression	regression	NOUN
economy-574	213	20	model	model	NOUN
economy-574	213	21	.	.	PUNCT
economy-574	214	1	the	the	DET
economy-574	214	2	appropriate	appropriate	ADJ
economy-574	214	3	test	test	NOUN
economy-574	214	4	here	here	ADV
economy-574	214	5	is	be	AUX
economy-574	214	6	the	the	DET
economy-574	214	7	unit	unit	NOUN
economy-574	214	8	root	root	NOUN
economy-574	214	9	test	test	NOUN
economy-574	214	10	which	which	PRON
economy-574	214	11	in	in	ADP
economy-574	214	12	this	this	DET
economy-574	214	13	case	case	NOUN
economy-574	214	14	is	be	AUX
economy-574	214	15	based	base	VERB
economy-574	214	16	on	on	ADP
economy-574	214	17	the	the	DET
economy-574	214	18	augmented	augment	VERB
economy-574	214	19	dickey	dickey	NOUN
economy-574	214	20	-	-	PUNCT
economy-574	214	21	fuller	full	ADJ
economy-574	214	22	(	(	PUNCT
economy-574	214	23	adf	adf	NOUN
economy-574	214	24	)	)	PUNCT
economy-574	214	25	test	test	NOUN
economy-574	214	26	which	which	PRON
economy-574	214	27	provides	provide	VERB
economy-574	214	28	the	the	DET
economy-574	214	29	framework	framework	NOUN
economy-574	214	30	for	for	ADP
economy-574	214	31	the	the	DET
economy-574	214	32	determination	determination	NOUN
economy-574	214	33	of	of	ADP
economy-574	214	34	the	the	DET
economy-574	214	35	order	order	NOUN
economy-574	214	36	of	of	ADP
economy-574	214	37	integration	integration	NOUN
economy-574	214	38	of	of	ADP
economy-574	214	39	each	each	DET
economy-574	214	40	time	time	NOUN
economy-574	214	41	series	series	NOUN
economy-574	214	42	and	and	CCONJ
economy-574	214	43	consequently	consequently	ADV
economy-574	214	44	the	the	DET
economy-574	214	45	(	(	PUNCT
economy-574	214	46	non-	non-	SYM
economy-574	214	47	)	)	PUNCT
economy-574	214	48	stationarity	stationarity	NOUN
economy-574	214	49	of	of	ADP
economy-574	214	50	same	same	ADJ
economy-574	214	51	.	.	PUNCT
economy-574	215	1	as	as	ADP
economy-574	215	2	a	a	DET
economy-574	215	3	necessary	necessary	ADJ
economy-574	215	4	but	but	CCONJ
economy-574	215	5	not	not	PART
economy-574	215	6	sufficient	sufficient	ADJ
economy-574	215	7	condition	condition	NOUN
economy-574	215	8	for	for	ADP
economy-574	215	9	cointegration	cointegration	NOUN
economy-574	215	10	,	,	PUNCT
economy-574	215	11	each	each	PRON
economy-574	215	12	of	of	ADP
economy-574	215	13	the	the	DET
economy-574	215	14	variables	variable	NOUN
economy-574	215	15	must	must	AUX
economy-574	215	16	be	be	AUX
economy-574	215	17	integrated	integrate	VERB
economy-574	215	18	of	of	ADP
economy-574	215	19	the	the	DET
economy-574	215	20	same	same	ADJ
economy-574	215	21	order	order	NOUN
economy-574	215	22	,	,	PUNCT
economy-574	215	23	where	where	SCONJ
economy-574	215	24	the	the	DET
economy-574	215	25	order	order	NOUN
economy-574	215	26	of	of	ADP
economy-574	215	27	integration	integration	NOUN
economy-574	215	28	must	must	AUX
economy-574	215	29	be	be	AUX
economy-574	215	30	greater	great	ADJ
economy-574	215	31	than	than	ADP
economy-574	215	32	zero	zero	NUM
economy-574	215	33	.	.	PUNCT
economy-574	216	1	the	the	DET
economy-574	216	2	equations	equation	NOUN
economy-574	216	3	were	be	AUX
economy-574	216	4	estimated	estimate	VERB
economy-574	216	5	using	use	VERB
economy-574	216	6	the	the	DET
economy-574	216	7	e	e	NOUN
economy-574	216	8	-	-	NOUN
economy-574	216	9	views	view	NOUN
economy-574	216	10	8.1	8.1	NUM
economy-574	216	11	output	output	PROPN
economy-574	216	12	econometric	econometric	ADJ
economy-574	216	13	software	software	NOUN
economy-574	216	14	.	.	PUNCT
economy-574	217	1	the	the	DET
economy-574	217	2	empirical	empirical	ADJ
economy-574	217	3	results	result	NOUN
economy-574	217	4	obtained	obtain	VERB
economy-574	217	5	from	from	ADP
economy-574	217	6	these	these	DET
economy-574	217	7	analyses	analysis	NOUN
economy-574	217	8	are	be	AUX
economy-574	217	9	presented	present	VERB
economy-574	217	10	and	and	CCONJ
economy-574	217	11	discussed	discuss	VERB
economy-574	217	12	in	in	ADP
economy-574	217	13	this	this	DET
economy-574	217	14	section	section	NOUN
economy-574	217	15	.	.	PUNCT
economy-574	218	1	4.1.unit	4.1.unit	NUM
economy-574	218	2	roots	root	NOUN
economy-574	218	3	test	test	NOUN
economy-574	218	4	result	result	NOUN
economy-574	218	5	in	in	ADP
economy-574	218	6	this	this	DET
economy-574	218	7	study	study	NOUN
economy-574	218	8	,	,	PUNCT
economy-574	218	9	the	the	DET
economy-574	218	10	augmented	augment	VERB
economy-574	218	11	dickey	dickey	PROPN
economy-574	218	12	fuller	full	ADJ
economy-574	218	13	(	(	PUNCT
economy-574	218	14	adf	adf	NOUN
economy-574	218	15	)	)	PUNCT
economy-574	218	16	unit	unit	NOUN
economy-574	218	17	roots	root	NOUN
economy-574	218	18	tests	test	NOUN
economy-574	218	19	were	be	AUX
economy-574	218	20	employed	employ	VERB
economy-574	218	21	to	to	PART
economy-574	218	22	test	test	VERB
economy-574	218	23	for	for	ADP
economy-574	218	24	the	the	DET
economy-574	218	25	time	time	NOUN
economy-574	218	26	series	series	NOUN
economy-574	218	27	properties	property	NOUN
economy-574	218	28	of	of	ADP
economy-574	218	29	the	the	DET
economy-574	218	30	model	model	NOUN
economy-574	218	31	variables	variable	NOUN
economy-574	218	32	.	.	PUNCT
economy-574	219	1	the	the	DET
economy-574	219	2	null	null	ADJ
economy-574	219	3	hypothesis	hypothesis	NOUN
economy-574	219	4	is	be	AUX
economy-574	219	5	that	that	SCONJ
economy-574	219	6	the	the	DET
economy-574	219	7	variable	variable	NOUN
economy-574	219	8	under	under	ADP
economy-574	219	9	investigation	investigation	NOUN
economy-574	219	10	has	have	VERB
economy-574	219	11	a	a	DET
economy-574	219	12	unit	unit	NOUN
economy-574	219	13	root	root	NOUN
economy-574	219	14	against	against	ADP
economy-574	219	15	the	the	DET
economy-574	219	16	alternative	alternative	NOUN
economy-574	219	17	.	.	PUNCT
economy-574	220	1	the	the	DET
economy-574	220	2	decision	decision	NOUN
economy-574	220	3	rule	rule	NOUN
economy-574	220	4	is	be	AUX
economy-574	220	5	to	to	PART
economy-574	220	6	reject	reject	VERB
economy-574	220	7	the	the	DET
economy-574	220	8	null	null	ADJ
economy-574	220	9	hypothesis	hypothesis	NOUN
economy-574	220	10	if	if	SCONJ
economy-574	220	11	the	the	DET
economy-574	220	12	adf	adf	PROPN
economy-574	220	13	statistic	statistic	NOUN
economy-574	220	14	value	value	NOUN
economy-574	220	15	exceeds	exceed	VERB
economy-574	220	16	the	the	DET
economy-574	220	17	critical	critical	ADJ
economy-574	220	18	value	value	NOUN
economy-574	220	19	at	at	ADP
economy-574	220	20	a	a	DET
economy-574	220	21	chosen	choose	VERB
economy-574	220	22	level	level	NOUN
economy-574	220	23	of	of	ADP
economy-574	220	24	significance	significance	NOUN
economy-574	220	25	(	(	PUNCT
economy-574	220	26	in	in	ADP
economy-574	220	27	absolute	absolute	ADJ
economy-574	220	28	term	term	NOUN
economy-574	220	29	)	)	PUNCT
economy-574	220	30	.	.	PUNCT
economy-574	221	1	these	these	DET
economy-574	221	2	results	result	NOUN
economy-574	221	3	are	be	AUX
economy-574	221	4	presented	present	VERB
economy-574	221	5	in	in	ADP
economy-574	221	6	table	table	NOUN
economy-574	221	7	1	1	NUM
economy-574	221	8	below	below	ADV
economy-574	221	9	.	.	PUNCT
economy-574	222	1	table-1	table-1	NUM
economy-574	222	2	.	.	PUNCT
economy-574	222	3	augmented	augment	VERB
economy-574	222	4	dickey	dickey	NOUN
economy-574	222	5	-	-	PUNCT
economy-574	222	6	fuller	full	ADJ
economy-574	222	7	(	(	PUNCT
economy-574	222	8	adf	adf	NOUN
economy-574	222	9	)	)	PUNCT
economy-574	222	10	test	test	NOUN
economy-574	222	11	for	for	ADP
economy-574	222	12	model	model	NOUN
economy-574	222	13	1	1	NUM
economy-574	222	14	,	,	PUNCT
economy-574	222	15	2	2	NUM
economy-574	222	16	and	and	CCONJ
economy-574	222	17	3	3	NUM
economy-574	222	18	respectively	respectively	ADV
economy-574	222	19	.	.	PUNCT
economy-574	223	1	model	model	NOUN
economy-574	223	2	1	1	NUM
economy-574	223	3	variables	variable	NOUN
economy-574	223	4	adf	adf	NOUN
economy-574	223	5	-	-	PUNCT
economy-574	223	6	statistic	statistic	ADJ
economy-574	223	7	critical	critical	ADJ
economy-574	223	8	value	value	NOUN
economy-574	223	9	order	order	NOUN
economy-574	223	10	of	of	ADP
economy-574	223	11	integration	integration	NOUN
economy-574	223	12	1	1	NUM
economy-574	223	13	%	%	NOUN
economy-574	223	14	5	5	NUM
economy-574	223	15	%	%	NOUN
economy-574	223	16	10	10	NUM
economy-574	223	17	%	%	NOUN
economy-574	223	18	model	model	NOUN
economy-574	223	19	1	1	NUM
economy-574	223	20	lmis	lmis	ADJ
economy-574	223	21	-4.374515	-4.374515	NOUN
economy-574	223	22	-3.646342	-3.646342	NOUN
economy-574	223	23	-2.954021	-2.954021	NOUN
economy-574	223	24	-2.615817	-2.615817	NOUN
economy-574	223	25	1	1	NUM
economy-574	223	26	exr	exr	PROPN
economy-574	223	27	-5.444451	-5.444451	PROPN
economy-574	223	28	-3.646342	-3.646342	NOUN
economy-574	223	29	-2.954021	-2.954021	NOUN
economy-574	223	30	-2.615817	-2.615817	NOUN
economy-574	224	1	1	1	NUM
economy-574	224	2	neer	neer	NOUN
economy-574	224	3	-4.199887	-4.199887	ADJ
economy-574	224	4	-3.646342	-3.646342	PROPN
economy-574	224	5	-2.954021	-2.954021	PROPN
economy-574	225	1	-2.615817	-2.615817	PROPN
economy-574	225	2	1	1	NUM
economy-574	225	3	lrgdp	lrgdp	PROPN
economy-574	225	4	-4.954321	-4.954321	PROPN
economy-574	225	5	-3.646342	-3.646342	PROPN
economy-574	225	6	-2.954021	-2.954021	NOUN
economy-574	225	7	-2.615817	-2.615817	NOUN
economy-574	225	8	1	1	NUM
economy-574	225	9	model	model	NOUN
economy-574	225	10	2	2	NUM
economy-574	225	11	lmcu	lmcu	NOUN
economy-574	225	12	-4.318123	-4.318123	NOUN
economy-574	225	13	-3.646342	-3.646342	NOUN
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economy-574	226	1	-2.615817	-2.615817	NOUN
economy-574	226	2	1	1	NUM
economy-574	226	3	exr	exr	PROPN
economy-574	226	4	-5.444451	-5.444451	PROPN
economy-574	226	5	-3.646342	-3.646342	NOUN
economy-574	227	1	-2.954021	-2.954021	NOUN
economy-574	227	2	-2.615817	-2.615817	NOUN
economy-574	227	3	1	1	NUM
economy-574	227	4	neer	neer	NOUN
economy-574	227	5	-4.199887	-4.199887	ADJ
economy-574	227	6	-3.646342	-3.646342	PROPN
economy-574	228	1	-2.954021	-2.954021	PROPN
economy-574	228	2	-2.615817	-2.615817	PROPN
economy-574	228	3	1	1	NUM
economy-574	228	4	lrgdp	lrgdp	PROPN
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economy-574	228	7	-2.954021	-2.954021	NOUN
economy-574	228	8	-2.615817	-2.615817	NOUN
economy-574	228	9	1	1	NUM
economy-574	228	10	model	model	NOUN
economy-574	228	11	3	3	NUM
economy-574	228	12	exr	exr	PROPN
economy-574	228	13	-5.444451	-5.444451	PROPN
economy-574	228	14	-3.646342	-3.646342	PROPN
economy-574	228	15	-2.954021	-2.954021	NOUN
economy-574	228	16	-2.615817	-2.615817	NOUN
economy-574	229	1	1	1	NUM
economy-574	229	2	int	int	NOUN
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economy-574	229	4	-3.646342	-3.646342	PROPN
economy-574	229	5	-2.954021	-2.954021	NOUN
economy-574	229	6	-2.615817	-2.615817	PROPN
economy-574	229	7	1	1	NUM
economy-574	229	8	inf	inf	PROPN
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economy-574	229	10	-3.653730	-3.653730	PUNCT
economy-574	230	1	-2.957110	-2.957110	ADJ
economy-574	230	2	-2.617434	-2.617434	ADJ
economy-574	230	3	1	1	NUM
economy-574	230	4	lbop	lbop	NOUN
economy-574	230	5	-6.924274	-6.924274	NOUN
economy-574	230	6	-3.646342	-3.646342	NOUN
economy-574	230	7	-2.954021	-2.954021	NOUN
economy-574	230	8	-2.615817	-2.615817	NOUN
economy-574	230	9	1	1	NUM
economy-574	230	10	lrgdp	lrgdp	PROPN
economy-574	230	11	-4.954321	-4.954321	PROPN
economy-574	230	12	-3.646342	-3.646342	PROPN
economy-574	230	13	-2.954021	-2.954021	NOUN
economy-574	230	14	-2.615817	-2.615817	NOUN
economy-574	231	1	1	1	NUM
economy-574	231	2	source	source	NOUN
economy-574	231	3	:	:	PUNCT
economy-574	231	4	author	author	NOUN
economy-574	231	5	’s	’s	PART
economy-574	231	6	computation	computation	NOUN
economy-574	231	7	(	(	PUNCT
economy-574	231	8	e	e	NOUN
economy-574	231	9	-	-	NOUN
economy-574	231	10	view	view	VERB
economy-574	231	11	8.1	8.1	NUM
economy-574	231	12	output	output	NOUN
economy-574	231	13	)	)	PUNCT
economy-574	231	14	.	.	PUNCT
economy-574	232	1	the	the	DET
economy-574	232	2	results	result	NOUN
economy-574	232	3	of	of	ADP
economy-574	232	4	the	the	DET
economy-574	232	5	unit	unit	NOUN
economy-574	232	6	root	root	NOUN
economy-574	232	7	tests	test	NOUN
economy-574	232	8	presented	present	VERB
economy-574	232	9	in	in	ADP
economy-574	232	10	table	table	NOUN
economy-574	232	11	1	1	NUM
economy-574	232	12	above	above	ADV
economy-574	232	13	suggest	suggest	VERB
economy-574	232	14	that	that	SCONJ
economy-574	232	15	all	all	DET
economy-574	232	16	the	the	DET
economy-574	232	17	variables	variable	NOUN
economy-574	232	18	are	be	AUX
economy-574	232	19	one	one	NUM
economy-574	232	20	(	(	PUNCT
economy-574	232	21	1	1	NUM
economy-574	232	22	)	)	PUNCT
economy-574	232	23	in	in	ADP
economy-574	232	24	the	the	DET
economy-574	232	25	models	model	NOUN
economy-574	232	26	1	1	NUM
economy-574	232	27	,	,	PUNCT
economy-574	232	28	2	2	NUM
economy-574	232	29	,	,	PUNCT
economy-574	232	30	and	and	CCONJ
economy-574	232	31	3	3	NUM
economy-574	232	32	respectively	respectively	ADV
economy-574	232	33	as	as	SCONJ
economy-574	232	34	confirmed	confirm	VERB
economy-574	232	35	by	by	ADP
economy-574	232	36	a	a	DET
economy-574	232	37	test	test	NOUN
economy-574	232	38	on	on	ADP
economy-574	232	39	the	the	DET
economy-574	232	40	difference	difference	NOUN
economy-574	232	41	of	of	ADP
economy-574	232	42	the	the	DET
economy-574	232	43	variables	variable	NOUN
economy-574	232	44	.	.	PUNCT
economy-574	233	1	that	that	PRON
economy-574	233	2	is	is	ADV
economy-574	233	3	,	,	PUNCT
economy-574	233	4	the	the	DET
economy-574	233	5	autoregressive	autoregressive	ADJ
economy-574	233	6	distributed	distribute	VERB
economy-574	233	7	lag	lag	NOUN
economy-574	233	8	(	(	PUNCT
economy-574	233	9	adl	adl	NOUN
economy-574	233	10	)	)	PUNCT
economy-574	233	11	functions	function	NOUN
economy-574	233	12	of	of	ADP
economy-574	233	13	the	the	DET
economy-574	233	14	variables	variable	NOUN
economy-574	233	15	are	be	AUX
economy-574	233	16	of	of	ADP
economy-574	233	17	one	one	NUM
economy-574	233	18	(	(	PUNCT
economy-574	233	19	1	1	NUM
economy-574	233	20	)	)	PUNCT
economy-574	233	21	series	series	NOUN
economy-574	233	22	respectively	respectively	ADV
economy-574	233	23	.	.	PUNCT
economy-574	234	1	this	this	PRON
economy-574	234	2	,	,	PUNCT
economy-574	234	3	as	as	SCONJ
economy-574	234	4	noted	note	VERB
economy-574	234	5	earlier	early	ADV
economy-574	234	6	,	,	PUNCT
economy-574	234	7	is	be	AUX
economy-574	234	8	done	do	VERB
economy-574	234	9	to	to	PART
economy-574	234	10	assess	assess	VERB
economy-574	234	11	the	the	DET
economy-574	234	12	possibility	possibility	NOUN
economy-574	234	13	of	of	ADP
economy-574	234	14	co	co	NOUN
economy-574	234	15	-	-	NOUN
economy-574	234	16	integration	integration	NOUN
economy-574	234	17	in	in	ADP
economy-574	234	18	the	the	DET
economy-574	234	19	data	datum	NOUN
economy-574	234	20	and	and	CCONJ
economy-574	234	21	to	to	PART
economy-574	234	22	ensure	ensure	VERB
economy-574	234	23	consistency	consistency	NOUN
economy-574	234	24	in	in	ADP
economy-574	234	25	subsequent	subsequent	ADJ
economy-574	234	26	stationary	stationary	ADJ
economy-574	234	27	econometric	econometric	ADJ
economy-574	234	28	modelling	modelling	NOUN
economy-574	234	29	.	.	PUNCT
economy-574	235	1	economy	economy	NOUN
economy-574	235	2	,	,	PUNCT
economy-574	235	3	2016	2016	NUM
economy-574	235	4	,	,	PUNCT
economy-574	235	5	3(1	3(1	NUM
economy-574	235	6	):	):	PUNCT
economy-574	235	7	40	40	NUM
economy-574	235	8	-	-	SYM
economy-574	235	9	50	50	NUM
economy-574	235	10	47	47	NUM
economy-574	235	11	4.2	4.2	NUM
economy-574	235	12	.	.	PUNCT
economy-574	236	1	johansen	johansen	PROPN
economy-574	236	2	co	co	PROPN
economy-574	236	3	-	-	NOUN
economy-574	236	4	integration	integration	NOUN
economy-574	236	5	test	test	NOUN
economy-574	236	6	a	a	DET
economy-574	236	7	necessary	necessary	ADJ
economy-574	236	8	but	but	CCONJ
economy-574	236	9	not	not	PART
economy-574	236	10	sufficient	sufficient	ADJ
economy-574	236	11	condition	condition	NOUN
economy-574	236	12	for	for	ADP
economy-574	236	13	co	co	ADJ
economy-574	236	14	-	-	ADJ
economy-574	236	15	integrating	integrating	ADJ
economy-574	236	16	test	test	NOUN
economy-574	236	17	is	be	AUX
economy-574	236	18	that	that	SCONJ
economy-574	236	19	each	each	PRON
economy-574	236	20	of	of	ADP
economy-574	236	21	the	the	DET
economy-574	236	22	variables	variable	NOUN
economy-574	236	23	be	be	AUX
economy-574	236	24	integrated	integrate	VERB
economy-574	236	25	of	of	ADP
economy-574	236	26	the	the	DET
economy-574	236	27	same	same	ADJ
economy-574	236	28	order	order	NOUN
economy-574	236	29	.	.	PUNCT
economy-574	237	1	the	the	DET
economy-574	237	2	johansen	johansen	PROPN
economy-574	237	3	co	co	PROPN
economy-574	237	4	-	-	NOUN
economy-574	237	5	integration	integration	NOUN
economy-574	237	6	test	test	NOUN
economy-574	237	7	uses	use	VERB
economy-574	237	8	two	two	NUM
economy-574	237	9	statistics	statistic	NOUN
economy-574	237	10	tests	test	NOUN
economy-574	237	11	namely	namely	ADV
economy-574	237	12	;	;	PUNCT
economy-574	237	13	the	the	DET
economy-574	237	14	trace	trace	NOUN
economy-574	237	15	test	test	NOUN
economy-574	237	16	and	and	CCONJ
economy-574	237	17	the	the	DET
economy-574	237	18	likelihood	likelihood	NOUN
economy-574	237	19	eigenvalue	eigenvalue	PROPN
economy-574	237	20	test	test	NOUN
economy-574	237	21	.	.	PUNCT
economy-574	238	1	the	the	DET
economy-574	238	2	first	first	ADJ
economy-574	238	3	row	row	NOUN
economy-574	238	4	in	in	ADP
economy-574	238	5	each	each	PRON
economy-574	238	6	of	of	ADP
economy-574	238	7	the	the	DET
economy-574	238	8	table	table	NOUN
economy-574	238	9	test	test	NOUN
economy-574	238	10	the	the	DET
economy-574	238	11	hypotheses	hypothesis	NOUN
economy-574	238	12	of	of	ADP
economy-574	238	13	no	no	DET
economy-574	238	14	co	co	ADJ
economy-574	238	15	-	-	ADJ
economy-574	238	16	integrating	integrating	ADJ
economy-574	238	17	relation	relation	NOUN
economy-574	238	18	,	,	PUNCT
economy-574	238	19	the	the	DET
economy-574	238	20	second	second	ADJ
economy-574	238	21	row	row	NOUN
economy-574	238	22	test	test	NOUN
economy-574	238	23	the	the	DET
economy-574	238	24	hypothesis	hypothesis	NOUN
economy-574	238	25	of	of	ADP
economy-574	238	26	one	one	NUM
economy-574	238	27	co	co	ADJ
economy-574	238	28	-	-	ADJ
economy-574	238	29	integrating	integrating	ADJ
economy-574	238	30	relation	relation	NOUN
economy-574	238	31	and	and	CCONJ
economy-574	238	32	so	so	ADV
economy-574	238	33	on	on	ADV
economy-574	238	34	,	,	PUNCT
economy-574	238	35	against	against	ADP
economy-574	238	36	the	the	DET
economy-574	238	37	alternative	alternative	NOUN
economy-574	238	38	of	of	ADP
economy-574	238	39	full	full	ADJ
economy-574	238	40	rank	rank	NOUN
economy-574	238	41	of	of	ADP
economy-574	238	42	co	co	NOUN
economy-574	238	43	-	-	NOUN
economy-574	238	44	integration	integration	NOUN
economy-574	238	45	.	.	PUNCT
economy-574	239	1	the	the	DET
economy-574	239	2	results	result	NOUN
economy-574	239	3	are	be	AUX
economy-574	239	4	presented	present	VERB
economy-574	239	5	in	in	ADP
economy-574	239	6	table	table	NOUN
economy-574	239	7	2	2	NUM
economy-574	239	8	below	below	ADV
economy-574	239	9	.	.	PUNCT
economy-574	240	1	table-2	table-2	NUM
economy-574	240	2	.	.	PUNCT
economy-574	241	1	co	co	NOUN
economy-574	241	2	-	-	NOUN
economy-574	241	3	integration	integration	NOUN
economy-574	241	4	for	for	ADP
economy-574	241	5	trace	trace	NOUN
economy-574	241	6	statistic	statistic	NOUN
economy-574	241	7	test	test	NOUN
economy-574	241	8	(	(	PUNCT
economy-574	241	9	model	model	NOUN
economy-574	241	10	1	1	NUM
economy-574	241	11	,	,	PUNCT
economy-574	241	12	2	2	NUM
economy-574	241	13	and	and	CCONJ
economy-574	241	14	3	3	NUM
economy-574	241	15	respectively	respectively	ADV
economy-574	241	16	)	)	PUNCT
economy-574	241	17	hypothesized	hypothesize	VERB
economy-574	241	18	no	no	ADP
economy-574	241	19	.	.	PROPN
economy-574	241	20	of	of	ADP
economy-574	241	21	ce(s	ce(s	ADV
economy-574	241	22	)	)	PUNCT
economy-574	241	23	eigenvalue	eigenvalue	NOUN
economy-574	241	24	trace	trace	NOUN
economy-574	241	25	statistic	statistic	NOUN
economy-574	241	26	critical	critical	ADJ
economy-574	241	27	value	value	NOUN
economy-574	241	28	0.05	0.05	NUM
economy-574	241	29	prob	prob	NOUN
economy-574	241	30	.	.	PUNCT
economy-574	242	1	*	*	PUNCT
economy-574	242	2	*	*	PUNCT
economy-574	242	3	model	model	NOUN
economy-574	242	4	1	1	NUM
economy-574	242	5	none	none	NOUN
economy-574	242	6	*	*	PUNCT
economy-574	242	7	0.825918	0.825918	PROPN
economy-574	242	8	139.8027	139.8027	NUM
economy-574	242	9	47.85613	47.85613	NUM
economy-574	242	10	0.0000	0.0000	NUM
economy-574	242	11	at	at	ADP
economy-574	242	12	most	most	ADJ
economy-574	242	13	1	1	NUM
economy-574	242	14	*	*	SYM
economy-574	242	15	0.736129	0.736129	NUM
economy-574	242	16	85.60756	85.60756	NUM
economy-574	242	17	29.79707	29.79707	NUM
economy-574	242	18	0.0000	0.0000	NUM
economy-574	242	19	at	at	ADP
economy-574	242	20	most	most	ADJ
economy-574	242	21	2	2	NUM
economy-574	242	22	*	*	SYM
economy-574	242	23	0.556175	0.556175	NUM
economy-574	242	24	44.30644	44.30644	NUM
economy-574	242	25	15.49471	15.49471	NUM
economy-574	242	26	0.0000	0.0000	NUM
economy-574	242	27	at	at	ADP
economy-574	242	28	most	most	ADJ
economy-574	242	29	3	3	NUM
economy-574	242	30	*	*	SYM
economy-574	242	31	0.460393	0.460393	NUM
economy-574	242	32	19.12435	19.12435	NUM
economy-574	242	33	3.841466	3.841466	NUM
economy-574	242	34	0.0000	0.0000	NUM
economy-574	242	35	model	model	NOUN
economy-574	242	36	2	2	NUM
economy-574	242	37	none	none	NOUN
economy-574	242	38	*	*	NOUN
economy-574	243	1	0.837482	0.837482	NUM
economy-574	243	2	130.7382	130.7382	NUM
economy-574	243	3	47.85613	47.85613	NUM
economy-574	243	4	0.0000	0.0000	NUM
economy-574	243	5	at	at	ADP
economy-574	243	6	most	most	ADJ
economy-574	243	7	1	1	NUM
economy-574	243	8	*	*	PUNCT
economy-574	243	9	0.672447	0.672447	NUM
economy-574	243	10	74.41221	74.41221	NUM
economy-574	243	11	29.79707	29.79707	NUM
economy-574	243	12	0.0000	0.0000	NUM
economy-574	243	13	at	at	ADP
economy-574	243	14	most	most	ADJ
economy-574	243	15	2	2	NUM
economy-574	243	16	*	*	SYM
economy-574	243	17	0.512881	0.512881	NUM
economy-574	243	18	39.81290	39.81290	NUM
economy-574	243	19	15.49471	15.49471	NUM
economy-574	243	20	0.0000	0.0000	NUM
economy-574	243	21	at	at	ADP
economy-574	243	22	most	most	ADJ
economy-574	243	23	3	3	NUM
economy-574	243	24	*	*	SYM
economy-574	243	25	0.431663	0.431663	NUM
economy-574	243	26	17.51624	17.51624	NUM
economy-574	243	27	3.841466	3.841466	NUM
economy-574	243	28	0.0000	0.0000	NUM
economy-574	243	29	model	model	NOUN
economy-574	243	30	3	3	NUM
economy-574	243	31	none	none	NOUN
economy-574	243	32	*	*	NOUN
economy-574	243	33	0.860712	0.860712	NUM
economy-574	243	34	203.3413	203.3413	NUM
economy-574	243	35	69.81889	69.81889	NUM
economy-574	243	36	0.0000	0.0000	NUM
economy-574	243	37	at	at	ADP
economy-574	243	38	most	most	ADJ
economy-574	243	39	1	1	NUM
economy-574	243	40	*	*	SYM
economy-574	243	41	0.800845	0.800845	NUM
economy-574	243	42	142.2337	142.2337	NUM
economy-574	243	43	47.85613	47.85613	NUM
economy-574	243	44	0.0000	0.0000	NUM
economy-574	243	45	at	at	ADP
economy-574	243	46	most	most	ADJ
economy-574	243	47	2	2	NUM
economy-574	243	48	*	*	SYM
economy-574	243	49	0.717290	0.717290	NUM
economy-574	243	50	92.20993	92.20993	NUM
economy-574	243	51	29.79707	29.79707	NUM
economy-574	243	52	0.0000	0.0000	NUM
economy-574	243	53	at	at	ADP
economy-574	243	54	most	most	ADJ
economy-574	243	55	3	3	NUM
economy-574	243	56	*	*	PUNCT
economy-574	243	57	0.627902	0.627902	NUM
economy-574	243	58	53.04664	53.04664	NUM
economy-574	243	59	15.49471	15.49471	NUM
economy-574	243	60	0.0000	0.0000	NUM
economy-574	243	61	at	at	ADP
economy-574	243	62	most	most	ADJ
economy-574	243	63	4	4	NUM
economy-574	243	64	*	*	SYM
economy-574	243	65	0.514503	0.514503	NUM
economy-574	243	66	22.40006	22.40006	NUM
economy-574	243	67	3.841466	3.841466	NUM
economy-574	243	68	0.0000	0.0000	NUM
economy-574	243	69	source	source	NOUN
economy-574	243	70	:	:	PUNCT
economy-574	243	71	author	author	NOUN
economy-574	243	72	’s	’s	PART
economy-574	243	73	computation	computation	NOUN
economy-574	243	74	(	(	PUNCT
economy-574	243	75	e	e	NOUN
economy-574	243	76	-	-	NOUN
economy-574	243	77	view	view	VERB
economy-574	243	78	8.1	8.1	NUM
economy-574	243	79	output	output	NOUN
economy-574	243	80	)	)	PUNCT
economy-574	243	81	in	in	ADP
economy-574	243	82	the	the	DET
economy-574	243	83	model	model	NOUN
economy-574	243	84	one	one	NUM
economy-574	243	85	and	and	CCONJ
economy-574	243	86	two	two	NUM
economy-574	243	87	above	above	ADJ
economy-574	243	88	,	,	PUNCT
economy-574	243	89	the	the	DET
economy-574	243	90	results	result	NOUN
economy-574	243	91	of	of	ADP
economy-574	243	92	the	the	DET
economy-574	243	93	co	co	NOUN
economy-574	243	94	-	-	NOUN
economy-574	243	95	integration	integration	NOUN
economy-574	243	96	test	test	NOUN
economy-574	243	97	are	be	AUX
economy-574	243	98	reported	report	VERB
economy-574	243	99	here	here	ADV
economy-574	243	100	.	.	PUNCT
economy-574	244	1	the	the	DET
economy-574	244	2	trace	trace	NOUN
economy-574	244	3	-	-	PUNCT
economy-574	244	4	statistic	statistic	NOUN
economy-574	244	5	value	value	NOUN
economy-574	244	6	is	be	AUX
economy-574	244	7	shown	show	VERB
economy-574	244	8	to	to	PART
economy-574	244	9	be	be	AUX
economy-574	244	10	greater	great	ADJ
economy-574	244	11	than	than	ADP
economy-574	244	12	the	the	DET
economy-574	244	13	critical	critical	ADJ
economy-574	244	14	values	value	NOUN
economy-574	244	15	at	at	ADP
economy-574	244	16	both	both	PRON
economy-574	244	17	1	1	NUM
economy-574	244	18	%	%	NOUN
economy-574	244	19	and	and	CCONJ
economy-574	244	20	5	5	NUM
economy-574	244	21	%	%	NOUN
economy-574	244	22	levels	level	NOUN
economy-574	244	23	,	,	PUNCT
economy-574	244	24	thus	thus	ADV
economy-574	244	25	indicating	indicate	VERB
economy-574	244	26	4	4	NUM
economy-574	244	27	co	co	ADJ
economy-574	244	28	-	-	ADJ
economy-574	244	29	integrating	integrating	ADJ
economy-574	244	30	equation	equation	NOUN
economy-574	244	31	at	at	ADP
economy-574	244	32	both	both	PRON
economy-574	244	33	1	1	NUM
economy-574	244	34	%	%	NOUN
economy-574	244	35	and	and	CCONJ
economy-574	244	36	5	5	NUM
economy-574	244	37	%	%	NOUN
economy-574	244	38	levels	level	NOUN
economy-574	244	39	respectively	respectively	ADV
economy-574	244	40	and	and	CCONJ
economy-574	244	41	model	model	NOUN
economy-574	244	42	three	three	NUM
economy-574	244	43	indicating	indicate	VERB
economy-574	244	44	5	5	NUM
economy-574	244	45	co	co	ADJ
economy-574	244	46	-	-	ADJ
economy-574	244	47	integrating	integrating	ADJ
economy-574	244	48	equation	equation	NOUN
economy-574	244	49	at	at	ADP
economy-574	244	50	both	both	PRON
economy-574	244	51	1	1	NUM
economy-574	244	52	%	%	NOUN
economy-574	244	53	and	and	CCONJ
economy-574	244	54	5	5	NUM
economy-574	244	55	%	%	NOUN
economy-574	244	56	level	level	NOUN
economy-574	244	57	.	.	PUNCT
economy-574	245	1	the	the	DET
economy-574	245	2	existences	existence	NOUN
economy-574	245	3	of	of	ADP
economy-574	245	4	co	co	PROPN
economy-574	245	5	–	–	PUNCT
economy-574	245	6	integration	integration	NOUN
economy-574	245	7	suggest	suggest	VERB
economy-574	245	8	that	that	SCONJ
economy-574	245	9	there	there	PRON
economy-574	245	10	is	be	VERB
economy-574	245	11	a	a	DET
economy-574	245	12	long	long	ADJ
economy-574	245	13	–	–	PUNCT
economy-574	245	14	run	run	NOUN
economy-574	245	15	relationship	relationship	NOUN
economy-574	245	16	between	between	ADP
economy-574	245	17	the	the	DET
economy-574	245	18	variables	variable	NOUN
economy-574	245	19	under	under	ADP
economy-574	245	20	consideration	consideration	NOUN
economy-574	245	21	.	.	PUNCT
economy-574	246	1	having	having	AUX
economy-574	246	2	established	establish	VERB
economy-574	246	3	co	co	NOUN
economy-574	246	4	–	–	PUNCT
economy-574	246	5	integration	integration	NOUN
economy-574	246	6	among	among	ADP
economy-574	246	7	the	the	DET
economy-574	246	8	variables	variable	NOUN
economy-574	246	9	,	,	PUNCT
economy-574	246	10	we	we	PRON
economy-574	246	11	moved	move	VERB
economy-574	246	12	on	on	ADP
economy-574	246	13	to	to	ADP
economy-574	246	14	the	the	DET
economy-574	246	15	ecm	ecm	NOUN
economy-574	246	16	which	which	PRON
economy-574	246	17	will	will	AUX
economy-574	246	18	help	help	VERB
economy-574	246	19	us	we	PRON
economy-574	246	20	to	to	PART
economy-574	246	21	see	see	VERB
economy-574	246	22	the	the	DET
economy-574	246	23	short	short	ADJ
economy-574	246	24	–	–	PUNCT
economy-574	246	25	run	run	ADJ
economy-574	246	26	dynamics	dynamic	NOUN
economy-574	246	27	of	of	ADP
economy-574	246	28	the	the	DET
economy-574	246	29	model	model	NOUN
economy-574	246	30	.	.	PUNCT
economy-574	247	1	ecm	ecm	NOUN
economy-574	247	2	will	will	AUX
economy-574	247	3	enable	enable	VERB
economy-574	247	4	us	we	PRON
economy-574	247	5	determine	determine	VERB
economy-574	247	6	the	the	DET
economy-574	247	7	speed	speed	NOUN
economy-574	247	8	of	of	ADP
economy-574	247	9	adjustment	adjustment	NOUN
economy-574	247	10	from	from	ADP
economy-574	247	11	short	short	ADJ
economy-574	247	12	–	–	PUNCT
economy-574	247	13	run	run	VERB
economy-574	247	14	to	to	ADP
economy-574	247	15	long	long	ADJ
economy-574	247	16	–	–	PUNCT
economy-574	247	17	run	run	VERB
economy-574	247	18	equilibrium	equilibrium	NOUN
economy-574	247	19	.	.	PUNCT
economy-574	248	1	table-3.the	table-3.the	DET
economy-574	248	2	result	result	NOUN
economy-574	248	3	of	of	ADP
economy-574	248	4	error	error	NOUN
economy-574	248	5	correction	correction	NOUN
economy-574	248	6	model	model	NOUN
economy-574	248	7	(	(	PUNCT
economy-574	248	8	ecm	ecm	PROPN
economy-574	248	9	)	)	PUNCT
economy-574	248	10	for	for	ADP
economy-574	248	11	model	model	NOUN
economy-574	248	12	1	1	NUM
economy-574	248	13	,	,	PUNCT
economy-574	248	14	2	2	NUM
economy-574	248	15	,	,	PUNCT
economy-574	248	16	and	and	CCONJ
economy-574	248	17	3	3	NUM
economy-574	248	18	respectively	respectively	ADV
economy-574	248	19	dependent	dependent	ADJ
economy-574	248	20	variable	variable	NOUN
economy-574	248	21	:	:	PUNCT
economy-574	248	22	lmis	lmis	ADJ
economy-574	248	23	method	method	NOUN
economy-574	248	24	:	:	PUNCT
economy-574	248	25	least	least	ADJ
economy-574	248	26	squares	square	NOUN
economy-574	248	27	date:11/24/15time	date:11/24/15time	PROPN
economy-574	248	28	:	:	PUNCT
economy-574	248	29	08:16	08:16	NUM
economy-574	248	30	sample	sample	NOUN
economy-574	248	31	(	(	PUNCT
economy-574	248	32	adjusted	adjust	VERB
economy-574	248	33	):	):	PUNCT
economy-574	248	34	1980	1980	NUM
economy-574	248	35	2014	2014	NUM
economy-574	248	36	included	include	VERB
economy-574	248	37	observations	observation	NOUN
economy-574	248	38	43	43	NUM
economy-574	248	39	model	model	NOUN
economy-574	248	40	1	1	NUM
economy-574	248	41	variable	variable	ADJ
economy-574	248	42	coefficient	coefficient	NOUN
economy-574	248	43	std	std	NOUN
economy-574	248	44	.	.	NOUN
economy-574	248	45	error	error	NOUN
economy-574	248	46	t	t	NOUN
economy-574	248	47	-	-	PUNCT
economy-574	248	48	statistic	statistic	NOUN
economy-574	248	49	prob	prob	NOUN
economy-574	248	50	.	.	PUNCT
economy-574	249	1	c	c	PROPN
economy-574	249	2	exr	exr	PROPN
economy-574	249	3	neer	neer	PROPN
economy-574	249	4	lrgdp	lrgdp	PROPN
economy-574	249	5	ecm(-1	ecm(-1	PROPN
economy-574	249	6	)	)	PUNCT
economy-574	250	1	-5.051680	-5.051680	NOUN
economy-574	250	2	0.001690	0.001690	NUM
economy-574	250	3	0.007649	0.007649	NUM
economy-574	250	4	1.269119	1.269119	NUM
economy-574	250	5	-0.710254	-0.710254	NOUN
economy-574	250	6	0.467350	0.467350	NUM
economy-574	250	7	0.002788	0.002788	NUM
economy-574	250	8	0.001738	0.001738	NUM
economy-574	250	9	0.071707	0.071707	NUM
economy-574	250	10	0.135248	0.135248	NUM
economy-574	250	11	-10.80921	-10.80921	PUNCT
economy-574	251	1	0.606264	0.606264	NUM
economy-574	251	2	4.399731	4.399731	NUM
economy-574	251	3	17.69867	17.69867	NUM
economy-574	251	4	-5.251484	-5.251484	NOUN
economy-574	251	5	0.0000	0.0000	NUM
economy-574	251	6	0.5491	0.5491	NUM
economy-574	251	7	0.0001	0.0001	NUM
economy-574	251	8	0.0000	0.0000	NUM
economy-574	251	9	0.0000	0.0000	NUM
economy-574	251	10	r	r	X
economy-574	251	11	-	-	PUNCT
economy-574	251	12	squared	squared	ADJ
economy-574	251	13	:	:	PUNCT
economy-574	251	14	0.993183	0.993183	NUM
economy-574	251	15	;	;	PUNCT
economy-574	251	16	f	f	X
economy-574	251	17	-	-	PUNCT
economy-574	251	18	statistic	statistic	NOUN
economy-574	251	19	:	:	PUNCT
economy-574	251	20	1056.344	1056.344	NUM
economy-574	251	21	;	;	PUNCT
economy-574	251	22	prob(f	prob(f	NOUN
economy-574	251	23	-	-	PUNCT
economy-574	251	24	statistic	statistic	NOUN
economy-574	251	25	):	):	PUNCT
economy-574	251	26	0.000000	0.000000	NUM
economy-574	251	27	;	;	PUNCT
economy-574	251	28	adjusted	adjust	VERB
economy-574	251	29	r	r	NOUN
economy-574	251	30	-	-	PUNCT
economy-574	251	31	squared	squared	ADJ
economy-574	251	32	:	:	PUNCT
economy-574	251	33	0.992243	0.992243	NUM
economy-574	251	34	;	;	PUNCT
economy-574	251	35	durbinwatson	durbinwatson	NOUN
economy-574	251	36	stat	stat	PROPN
economy-574	251	37	:	:	PUNCT
economy-574	251	38	1.752160	1.752160	NUM
economy-574	251	39	model	model	NOUN
economy-574	251	40	2	2	NUM
economy-574	251	41	c	c	PROPN
economy-574	251	42	exr	exr	PROPN
economy-574	251	43	neer	neer	PROPN
economy-574	251	44	lrgdp	lrgdp	PROPN
economy-574	251	45	ecm(-1	ecm(-1	PROPN
economy-574	251	46	)	)	PUNCT
economy-574	251	47	4.360039	4.360039	NUM
economy-574	251	48	0.005715	0.005715	NUM
economy-574	251	49	0.001310	0.001310	NUM
economy-574	251	50	-0.128757	-0.128757	NOUN
economy-574	251	51	-0.669314	-0.669314	VERB
economy-574	251	52	0.210435	0.210435	NUM
economy-574	251	53	0.001257	0.001257	NUM
economy-574	251	54	0.000785	0.000785	NUM
economy-574	251	55	0.032267	0.032267	NUM
economy-574	251	56	0.137068	0.137068	NUM
economy-574	251	57	20.71914	20.71914	NUM
economy-574	251	58	4.546132	4.546132	NUM
economy-574	251	59	1.668508	1.668508	NUM
economy-574	251	60	-3.990352	-3.990352	NOUN
economy-574	251	61	-4.883067	-4.883067	NOUN
economy-574	252	1	0.0000	0.0000	NUM
economy-574	252	2	0.0001	0.0001	NUM
economy-574	252	3	0.1060	0.1060	NUM
economy-574	252	4	0.0004	0.0004	NUM
economy-574	252	5	0.0000	0.0000	NUM
economy-574	252	6	r	r	X
economy-574	252	7	-	-	PUNCT
economy-574	252	8	squared	squared	ADJ
economy-574	252	9	:	:	PUNCT
economy-574	252	10	0.813089	0.813089	NUM
economy-574	252	11	;	;	PUNCT
economy-574	252	12	f	f	X
economy-574	252	13	-	-	PUNCT
economy-574	252	14	statistic	statistic	NOUN
economy-574	252	15	:	:	PUNCT
economy-574	252	16	31.53861	31.53861	NUM
economy-574	252	17	;	;	PUNCT
economy-574	252	18	prob(f	prob(f	NOUN
economy-574	252	19	-	-	PUNCT
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economy-574	252	21	):	):	PUNCT
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economy-574	252	23	;	;	PUNCT
economy-574	252	24	adjusted	adjust	VERB
economy-574	252	25	r	r	NOUN
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economy-574	252	27	squared	squared	ADJ
economy-574	252	28	:	:	PUNCT
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economy-574	252	30	;	;	PUNCT
economy-574	252	31	durbinwatson	durbinwatson	NOUN
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economy-574	252	33	:	:	PUNCT
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economy-574	252	42	ecm(-1	ecm(-1	PROPN
economy-574	252	43	)	)	PUNCT
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economy-574	254	14	0.0027	0.0027	NUM
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economy-574	254	17	0.0000	0.0000	NUM
economy-574	254	18	r	r	X
economy-574	254	19	-	-	PUNCT
economy-574	254	20	squared	squared	ADJ
economy-574	254	21	:	:	PUNCT
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economy-574	254	23	;	;	PUNCT
economy-574	254	24	f	f	X
economy-574	254	25	-	-	PUNCT
economy-574	254	26	statistic	statistic	NOUN
economy-574	254	27	:	:	PUNCT
economy-574	254	28	89.57454	89.57454	NUM
economy-574	254	29	;	;	PUNCT
economy-574	254	30	prob(f	prob(f	NOUN
economy-574	254	31	-	-	PUNCT
economy-574	254	32	statistic	statistic	NOUN
economy-574	254	33	):	):	PUNCT
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economy-574	254	35	;	;	PUNCT
economy-574	254	36	adjusted	adjust	VERB
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economy-574	254	39	squared	squared	ADJ
economy-574	254	40	:	:	PUNCT
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economy-574	254	42	;	;	PUNCT
economy-574	254	43	durbinwatson	durbinwatson	NOUN
economy-574	254	44	stat	stat	NOUN
economy-574	254	45	:	:	PUNCT
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economy-574	254	47	source	source	NOUN
economy-574	254	48	:	:	PUNCT
economy-574	254	49	author	author	NOUN
economy-574	254	50	’s	’s	PART
economy-574	254	51	computation	computation	NOUN
economy-574	254	52	(	(	PUNCT
economy-574	254	53	using	use	VERB
economy-574	254	54	e	e	NOUN
economy-574	254	55	-	-	NOUN
economy-574	254	56	view	view	VERB
economy-574	254	57	8.1	8.1	NUM
economy-574	254	58	output	output	NOUN
economy-574	254	59	)	)	PUNCT
economy-574	254	60	.	.	PUNCT
economy-574	255	1	economy	economy	NOUN
economy-574	255	2	,	,	PUNCT
economy-574	255	3	2016	2016	NUM
economy-574	255	4	,	,	PUNCT
economy-574	255	5	3(1	3(1	NUM
economy-574	255	6	):	):	PUNCT
economy-574	255	7	40	40	NUM
economy-574	255	8	-	-	SYM
economy-574	255	9	50	50	NUM
economy-574	255	10	48	48	NUM
economy-574	255	11	4.3	4.3	NUM
economy-574	255	12	.	.	PUNCT
economy-574	256	1	interpretation	interpretation	NOUN
economy-574	256	2	of	of	ADP
economy-574	256	3	result	result	NOUN
economy-574	256	4	analysis	analysis	NOUN
economy-574	256	5	of	of	ADP
economy-574	256	6	regression	regression	NOUN
economy-574	256	7	coefficients	coefficient	NOUN
economy-574	256	8	:	:	PUNCT
economy-574	256	9	model	model	NOUN
economy-574	256	10	1	1	NUM
economy-574	256	11	:	:	PUNCT
economy-574	256	12			PROPN
economy-574	256	13	exchange	exchange	NOUN
economy-574	256	14	rate	rate	NOUN
economy-574	256	15	(	(	PUNCT
economy-574	256	16	exr	exr	PROPN
economy-574	256	17	)	)	PUNCT
economy-574	256	18	has	have	VERB
economy-574	256	19	a	a	DET
economy-574	256	20	coefficient	coefficient	NOUN
economy-574	256	21	of	of	ADP
economy-574	256	22	0.001690	0.001690	NUM
economy-574	256	23	.	.	PUNCT
economy-574	257	1	this	this	PRON
economy-574	257	2	implies	imply	VERB
economy-574	257	3	that	that	SCONJ
economy-574	257	4	a	a	DET
economy-574	257	5	unit	unit	NOUN
economy-574	257	6	increase	increase	NOUN
economy-574	257	7	in	in	ADP
economy-574	257	8	exr	exr	PROPN
economy-574	257	9	will	will	AUX
economy-574	257	10	bring	bring	VERB
economy-574	257	11	about	about	ADP
economy-574	257	12	an	an	DET
economy-574	257	13	increase	increase	NOUN
economy-574	257	14	in	in	ADP
economy-574	257	15	the	the	DET
economy-574	257	16	manufacturing	manufacturing	NOUN
economy-574	257	17	index	index	NOUN
economy-574	257	18	of	of	ADP
economy-574	257	19	ordinary	ordinary	ADJ
economy-574	257	20	shares	share	NOUN
economy-574	257	21	listed	list	VERB
economy-574	257	22	on	on	ADP
economy-574	257	23	the	the	DET
economy-574	257	24	nigerian	nigerian	ADJ
economy-574	257	25	stock	stock	NOUN
economy-574	257	26	exchange	exchange	NOUN
economy-574	257	27	for	for	ADP
economy-574	257	28	current	current	ADJ
economy-574	257	29	year	year	NOUN
economy-574	257	30	by	by	ADP
economy-574	257	31	0.169	0.169	NUM
economy-574	257	32	units	unit	NOUN
economy-574	257	33	.	.	PUNCT
economy-574	258	1	and	and	CCONJ
economy-574	258	2	it	it	PRON
economy-574	258	3	is	be	AUX
economy-574	258	4	also	also	ADV
economy-574	258	5	significant	significant	ADJ
economy-574	258	6	at	at	ADP
economy-574	258	7	5	5	NUM
economy-574	258	8	%	%	NOUN
economy-574	258	9	level	level	NOUN
economy-574	258	10	for	for	ADP
economy-574	258	11	the	the	DET
economy-574	258	12	period	period	NOUN
economy-574	258	13	under	under	ADP
economy-574	258	14	review	review	NOUN
economy-574	258	15	.	.	PUNCT
economy-574	259	1			NOUN
economy-574	259	2	nominal	nominal	ADJ
economy-574	259	3	effective	effective	ADJ
economy-574	259	4	exchange	exchange	NOUN
economy-574	259	5	rate	rate	NOUN
economy-574	259	6	indices	index	NOUN
economy-574	259	7	(	(	PUNCT
economy-574	259	8	neer	neer	NOUN
economy-574	259	9	)	)	PUNCT
economy-574	259	10	is	be	AUX
economy-574	259	11	seen	see	VERB
economy-574	259	12	to	to	PART
economy-574	259	13	have	have	VERB
economy-574	259	14	a	a	DET
economy-574	259	15	coefficient	coefficient	NOUN
economy-574	259	16	of	of	ADP
economy-574	259	17	0.007649	0.007649	NUM
economy-574	259	18	.	.	PUNCT
economy-574	260	1	this	this	PRON
economy-574	260	2	shows	show	VERB
economy-574	260	3	that	that	SCONJ
economy-574	260	4	a	a	DET
economy-574	260	5	unit	unit	NOUN
economy-574	260	6	change	change	NOUN
economy-574	260	7	in	in	ADP
economy-574	260	8	neer	neer	NOUN
economy-574	260	9	will	will	AUX
economy-574	260	10	increase	increase	VERB
economy-574	260	11	the	the	DET
economy-574	260	12	manufacturing	manufacturing	NOUN
economy-574	260	13	index	index	NOUN
economy-574	260	14	of	of	ADP
economy-574	260	15	ordinary	ordinary	ADJ
economy-574	260	16	shares	share	NOUN
economy-574	260	17	listed	list	VERB
economy-574	260	18	on	on	ADP
economy-574	260	19	the	the	DET
economy-574	260	20	nigerian	nigerian	ADJ
economy-574	260	21	stock	stock	NOUN
economy-574	260	22	exchange	exchange	NOUN
economy-574	260	23	for	for	ADP
economy-574	260	24	current	current	ADJ
economy-574	260	25	year	year	NOUN
economy-574	260	26	by	by	ADP
economy-574	260	27	0.76	0.76	NUM
economy-574	260	28	units	unit	NOUN
economy-574	260	29	.	.	PUNCT
economy-574	261	1	and	and	CCONJ
economy-574	261	2	it	it	PRON
economy-574	261	3	is	be	AUX
economy-574	261	4	also	also	ADV
economy-574	261	5	significant	significant	ADJ
economy-574	261	6	at	at	ADP
economy-574	261	7	5	5	NUM
economy-574	261	8	%	%	NOUN
economy-574	261	9	level	level	NOUN
economy-574	261	10	for	for	ADP
economy-574	261	11	the	the	DET
economy-574	261	12	period	period	NOUN
economy-574	261	13	under	under	ADP
economy-574	261	14	review	review	NOUN
economy-574	261	15	.	.	PUNCT
economy-574	262	1			NOUN
economy-574	262	2	real	real	ADJ
economy-574	262	3	gross	gross	ADJ
economy-574	262	4	domestic	domestic	ADJ
economy-574	262	5	product	product	NOUN
economy-574	262	6	(	(	PUNCT
economy-574	262	7	lrgdp	lrgdp	NOUN
economy-574	262	8	)	)	PUNCT
economy-574	262	9	has	have	VERB
economy-574	262	10	a	a	DET
economy-574	262	11	coefficient	coefficient	NOUN
economy-574	262	12	of	of	ADP
economy-574	262	13	1.269119	1.269119	NUM
economy-574	262	14	,	,	PUNCT
economy-574	262	15	which	which	PRON
economy-574	262	16	implies	imply	VERB
economy-574	262	17	that	that	SCONJ
economy-574	262	18	a	a	DET
economy-574	262	19	unit	unit	NOUN
economy-574	262	20	increase	increase	NOUN
economy-574	262	21	in	in	ADP
economy-574	262	22	real	real	ADJ
economy-574	262	23	gross	gross	ADJ
economy-574	262	24	domestic	domestic	ADJ
economy-574	262	25	product	product	NOUN
economy-574	262	26	will	will	AUX
economy-574	262	27	result	result	VERB
economy-574	262	28	to	to	ADP
economy-574	262	29	an	an	DET
economy-574	262	30	increase	increase	NOUN
economy-574	262	31	of	of	ADP
economy-574	262	32	the	the	DET
economy-574	262	33	manufacturing	manufacturing	NOUN
economy-574	262	34	index	index	NOUN
economy-574	262	35	of	of	ADP
economy-574	262	36	ordinary	ordinary	ADJ
economy-574	262	37	shares	share	NOUN
economy-574	262	38	listed	list	VERB
economy-574	262	39	on	on	ADP
economy-574	262	40	the	the	DET
economy-574	262	41	nigerian	nigerian	ADJ
economy-574	262	42	stock	stock	NOUN
economy-574	262	43	exchange	exchange	NOUN
economy-574	262	44	for	for	ADP
economy-574	262	45	current	current	ADJ
economy-574	262	46	year	year	NOUN
economy-574	262	47	by	by	ADP
economy-574	262	48	126.9	126.9	NUM
economy-574	262	49	units	unit	NOUN
economy-574	262	50	and	and	CCONJ
economy-574	262	51	significant	significant	ADJ
economy-574	262	52	at	at	ADP
economy-574	262	53	5	5	NUM
economy-574	262	54	%	%	NOUN
economy-574	262	55	level	level	NOUN
economy-574	262	56	for	for	ADP
economy-574	262	57	the	the	DET
economy-574	262	58	period	period	NOUN
economy-574	262	59	under	under	ADP
economy-574	262	60	review	review	NOUN
economy-574	262	61	.	.	PUNCT
economy-574	263	1			NOUN
economy-574	264	1	the	the	DET
economy-574	264	2	coefficient	coefficient	NOUN
economy-574	264	3	of	of	ADP
economy-574	264	4	the	the	DET
economy-574	264	5	constant	constant	ADJ
economy-574	264	6	is	be	AUX
economy-574	264	7	-5.051680	-5.051680	ADJ
economy-574	264	8	,	,	PUNCT
economy-574	264	9	implying	imply	VERB
economy-574	264	10	that	that	SCONJ
economy-574	264	11	when	when	SCONJ
economy-574	264	12	all	all	DET
economy-574	264	13	other	other	ADJ
economy-574	264	14	independent	independent	ADJ
economy-574	264	15	variables	variable	NOUN
economy-574	264	16	are	be	AUX
economy-574	264	17	held	hold	VERB
economy-574	264	18	constant	constant	ADJ
economy-574	264	19	;	;	PUNCT
economy-574	264	20	the	the	DET
economy-574	264	21	value	value	NOUN
economy-574	264	22	of	of	ADP
economy-574	264	23	the	the	DET
economy-574	264	24	dependent	dependent	ADJ
economy-574	264	25	variable	variable	NOUN
economy-574	264	26	(	(	PUNCT
economy-574	264	27	lmis	lmis	ADJ
economy-574	264	28	)	)	PUNCT
economy-574	264	29	will	will	AUX
economy-574	264	30	be	be	AUX
economy-574	264	31	505.168	505.168	NUM
economy-574	264	32	%	%	NOUN
economy-574	264	33	.	.	PUNCT
economy-574	265	1	and	and	CCONJ
economy-574	265	2	it	it	PRON
economy-574	265	3	is	be	AUX
economy-574	265	4	also	also	ADV
economy-574	265	5	significant	significant	ADJ
economy-574	265	6	at	at	ADP
economy-574	265	7	5	5	NUM
economy-574	265	8	%	%	NOUN
economy-574	265	9	level	level	NOUN
economy-574	265	10	for	for	ADP
economy-574	265	11	the	the	DET
economy-574	265	12	period	period	NOUN
economy-574	265	13	under	under	ADP
economy-574	265	14	review	review	NOUN
economy-574	265	15	.	.	PUNCT
economy-574	266	1	model	model	NOUN
economy-574	266	2	2	2	NUM
economy-574	266	3	:	:	PUNCT
economy-574	266	4			PROPN
economy-574	266	5	exchange	exchange	NOUN
economy-574	266	6	rate	rate	NOUN
economy-574	266	7	(	(	PUNCT
economy-574	266	8	exr	exr	PROPN
economy-574	266	9	)	)	PUNCT
economy-574	266	10	has	have	VERB
economy-574	266	11	a	a	DET
economy-574	266	12	coefficient	coefficient	NOUN
economy-574	266	13	of	of	ADP
economy-574	266	14	0.005715	0.005715	NUM
economy-574	266	15	.	.	PUNCT
economy-574	267	1	this	this	PRON
economy-574	267	2	implies	imply	VERB
economy-574	267	3	that	that	SCONJ
economy-574	267	4	a	a	DET
economy-574	267	5	unit	unit	NOUN
economy-574	267	6	increase	increase	NOUN
economy-574	267	7	in	in	ADP
economy-574	267	8	exr	exr	PROPN
economy-574	267	9	will	will	AUX
economy-574	267	10	bring	bring	VERB
economy-574	267	11	about	about	ADP
economy-574	267	12	an	an	DET
economy-574	267	13	increase	increase	NOUN
economy-574	267	14	in	in	ADP
economy-574	267	15	the	the	DET
economy-574	267	16	manufacturing	manufacturing	NOUN
economy-574	267	17	capacity	capacity	NOUN
economy-574	267	18	utilization	utilization	NOUN
economy-574	267	19	rate	rate	NOUN
economy-574	267	20	for	for	ADP
economy-574	267	21	current	current	ADJ
economy-574	267	22	year	year	NOUN
economy-574	267	23	by	by	ADP
economy-574	267	24	0.57	0.57	NUM
economy-574	267	25	units	unit	NOUN
economy-574	267	26	.	.	PUNCT
economy-574	268	1	and	and	CCONJ
economy-574	268	2	it	it	PRON
economy-574	268	3	is	be	AUX
economy-574	268	4	also	also	ADV
economy-574	268	5	significant	significant	ADJ
economy-574	268	6	at	at	ADP
economy-574	268	7	5	5	NUM
economy-574	268	8	%	%	NOUN
economy-574	268	9	level	level	NOUN
economy-574	268	10	for	for	ADP
economy-574	268	11	the	the	DET
economy-574	268	12	period	period	NOUN
economy-574	268	13	under	under	ADP
economy-574	268	14	review	review	NOUN
economy-574	268	15	.	.	PUNCT
economy-574	269	1			NOUN
economy-574	269	2	nominal	nominal	ADJ
economy-574	269	3	effective	effective	ADJ
economy-574	269	4	exchange	exchange	NOUN
economy-574	269	5	rate	rate	NOUN
economy-574	269	6	indices	index	NOUN
economy-574	269	7	(	(	PUNCT
economy-574	269	8	neer	neer	NOUN
economy-574	269	9	)	)	PUNCT
economy-574	269	10	is	be	AUX
economy-574	269	11	seen	see	VERB
economy-574	269	12	to	to	PART
economy-574	269	13	have	have	VERB
economy-574	269	14	a	a	DET
economy-574	269	15	coefficient	coefficient	NOUN
economy-574	269	16	of	of	ADP
economy-574	269	17	0.001310	0.001310	NUM
economy-574	269	18	.	.	PUNCT
economy-574	270	1	this	this	PRON
economy-574	270	2	shows	show	VERB
economy-574	270	3	that	that	SCONJ
economy-574	270	4	a	a	DET
economy-574	270	5	unit	unit	NOUN
economy-574	270	6	increase	increase	NOUN
economy-574	270	7	in	in	ADP
economy-574	270	8	neer	neer	NOUN
economy-574	270	9	will	will	AUX
economy-574	270	10	about	about	ADP
economy-574	270	11	an	an	DET
economy-574	270	12	increase	increase	NOUN
economy-574	270	13	the	the	DET
economy-574	270	14	manufacturing	manufacturing	NOUN
economy-574	270	15	capacity	capacity	NOUN
economy-574	270	16	utilisation	utilisation	NOUN
economy-574	270	17	rate	rate	NOUN
economy-574	270	18	for	for	ADP
economy-574	270	19	current	current	ADJ
economy-574	270	20	year	year	NOUN
economy-574	270	21	by	by	ADP
economy-574	270	22	0.131	0.131	NUM
economy-574	270	23	units	unit	NOUN
economy-574	270	24	.	.	PUNCT
economy-574	271	1	and	and	CCONJ
economy-574	271	2	it	it	PRON
economy-574	271	3	is	be	AUX
economy-574	271	4	also	also	ADV
economy-574	271	5	significant	significant	ADJ
economy-574	271	6	at	at	ADP
economy-574	271	7	5	5	NUM
economy-574	271	8	%	%	NOUN
economy-574	271	9	level	level	NOUN
economy-574	271	10	for	for	ADP
economy-574	271	11	the	the	DET
economy-574	271	12	period	period	NOUN
economy-574	271	13	under	under	ADP
economy-574	271	14	review	review	NOUN
economy-574	271	15	.	.	PUNCT
economy-574	272	1			NOUN
economy-574	272	2	real	real	ADJ
economy-574	272	3	gross	gross	ADJ
economy-574	272	4	domestic	domestic	ADJ
economy-574	272	5	product	product	NOUN
economy-574	272	6	(	(	PUNCT
economy-574	272	7	lrgdp	lrgdp	NOUN
economy-574	272	8	)	)	PUNCT
economy-574	272	9	has	have	VERB
economy-574	272	10	a	a	DET
economy-574	272	11	coefficient	coefficient	NOUN
economy-574	272	12	of	of	ADP
economy-574	272	13	-0.128757	-0.128757	NOUN
economy-574	272	14	,	,	PUNCT
economy-574	272	15	which	which	PRON
economy-574	272	16	implies	imply	VERB
economy-574	272	17	that	that	SCONJ
economy-574	272	18	a	a	DET
economy-574	272	19	unit	unit	NOUN
economy-574	272	20	increase	increase	NOUN
economy-574	272	21	in	in	ADP
economy-574	272	22	lrgdp	lrgdp	NOUN
economy-574	272	23	will	will	AUX
economy-574	272	24	result	result	VERB
economy-574	272	25	to	to	ADP
economy-574	272	26	a	a	DET
economy-574	272	27	decrease	decrease	NOUN
economy-574	272	28	of	of	ADP
economy-574	272	29	manufacturing	manufacturing	NOUN
economy-574	272	30	capacity	capacity	NOUN
economy-574	272	31	utilisation	utilisation	NOUN
economy-574	272	32	rate	rate	NOUN
economy-574	272	33	for	for	ADP
economy-574	272	34	current	current	ADJ
economy-574	272	35	year	year	NOUN
economy-574	272	36	by	by	ADP
economy-574	272	37	12.8757	12.8757	NUM
economy-574	272	38	%	%	NOUN
economy-574	272	39	units	unit	NOUN
economy-574	272	40	.	.	PUNCT
economy-574	273	1	and	and	CCONJ
economy-574	273	2	it	it	PRON
economy-574	273	3	is	be	AUX
economy-574	273	4	also	also	ADV
economy-574	273	5	significant	significant	ADJ
economy-574	273	6	at	at	ADP
economy-574	273	7	5	5	NUM
economy-574	273	8	%	%	NOUN
economy-574	273	9	level	level	NOUN
economy-574	273	10	for	for	ADP
economy-574	273	11	the	the	DET
economy-574	273	12	period	period	NOUN
economy-574	273	13	under	under	ADP
economy-574	273	14	review	review	NOUN
economy-574	273	15	.	.	PUNCT
economy-574	274	1			NOUN
economy-574	275	1	the	the	DET
economy-574	275	2	coefficient	coefficient	NOUN
economy-574	275	3	of	of	ADP
economy-574	275	4	the	the	DET
economy-574	275	5	constant	constant	ADJ
economy-574	275	6	is	be	AUX
economy-574	275	7	4.360039	4.360039	NUM
economy-574	275	8	,	,	PUNCT
economy-574	275	9	implying	imply	VERB
economy-574	275	10	that	that	SCONJ
economy-574	275	11	when	when	SCONJ
economy-574	275	12	all	all	DET
economy-574	275	13	other	other	ADJ
economy-574	275	14	independent	independent	ADJ
economy-574	275	15	variables	variable	NOUN
economy-574	275	16	are	be	AUX
economy-574	275	17	held	hold	VERB
economy-574	275	18	constant	constant	ADJ
economy-574	275	19	;	;	PUNCT
economy-574	275	20	the	the	DET
economy-574	275	21	value	value	NOUN
economy-574	275	22	of	of	ADP
economy-574	275	23	the	the	DET
economy-574	275	24	dependent	dependent	ADJ
economy-574	275	25	variable	variable	NOUN
economy-574	275	26	(	(	PUNCT
economy-574	275	27	lmcu	lmcu	NOUN
economy-574	275	28	)	)	PUNCT
economy-574	275	29	will	will	AUX
economy-574	275	30	be	be	AUX
economy-574	275	31	436.0	436.0	NUM
economy-574	275	32	%	%	NOUN
economy-574	275	33	.	.	PUNCT
economy-574	276	1	and	and	CCONJ
economy-574	276	2	it	it	PRON
economy-574	276	3	is	be	AUX
economy-574	276	4	also	also	ADV
economy-574	276	5	significant	significant	ADJ
economy-574	276	6	at	at	ADP
economy-574	276	7	5	5	NUM
economy-574	276	8	%	%	NOUN
economy-574	276	9	level	level	NOUN
economy-574	276	10	for	for	ADP
economy-574	276	11	the	the	DET
economy-574	276	12	period	period	NOUN
economy-574	276	13	under	under	ADP
economy-574	276	14	review	review	NOUN
economy-574	276	15	.	.	PUNCT
economy-574	277	1	model	model	NOUN
economy-574	277	2	3	3	NUM
economy-574	277	3	:	:	PUNCT
economy-574	277	4			NOUN
economy-574	277	5	interest	interest	NOUN
economy-574	277	6	rate	rate	NOUN
economy-574	277	7	(	(	PUNCT
economy-574	277	8	int	int	NOUN
economy-574	277	9	)	)	PUNCT
economy-574	277	10	has	have	VERB
economy-574	277	11	a	a	DET
economy-574	277	12	coefficient	coefficient	NOUN
economy-574	277	13	of	of	ADP
economy-574	277	14	-0.481253	-0.481253	PROPN
economy-574	277	15	.	.	PUNCT
economy-574	278	1	this	this	PRON
economy-574	278	2	implies	imply	VERB
economy-574	278	3	that	that	SCONJ
economy-574	278	4	a	a	DET
economy-574	278	5	unit	unit	NOUN
economy-574	278	6	decrease	decrease	NOUN
economy-574	278	7	in	in	ADP
economy-574	278	8	interest	interest	NOUN
economy-574	278	9	rate	rate	NOUN
economy-574	278	10	will	will	AUX
economy-574	278	11	bring	bring	VERB
economy-574	278	12	about	about	ADP
economy-574	278	13	a	a	DET
economy-574	278	14	decrease	decrease	NOUN
economy-574	278	15	in	in	ADP
economy-574	278	16	the	the	DET
economy-574	278	17	exchange	exchange	NOUN
economy-574	278	18	rate	rate	NOUN
economy-574	278	19	by	by	ADP
economy-574	278	20	-48.1	-48.1	PROPN
economy-574	278	21	units	unit	NOUN
economy-574	278	22	.	.	PUNCT
economy-574	279	1	and	and	CCONJ
economy-574	279	2	it	it	PRON
economy-574	279	3	is	be	AUX
economy-574	279	4	also	also	ADV
economy-574	279	5	insignificant	insignificant	ADJ
economy-574	279	6	at	at	ADP
economy-574	279	7	5	5	NUM
economy-574	279	8	%	%	NOUN
economy-574	279	9	level	level	NOUN
economy-574	279	10	for	for	ADP
economy-574	279	11	the	the	DET
economy-574	279	12	period	period	NOUN
economy-574	279	13	under	under	ADP
economy-574	279	14	review	review	NOUN
economy-574	279	15	.	.	PUNCT
economy-574	280	1			NOUN
economy-574	280	2	inflation	inflation	NOUN
economy-574	280	3	rate	rate	NOUN
economy-574	280	4	(	(	PUNCT
economy-574	280	5	inf	inf	NOUN
economy-574	280	6	)	)	PUNCT
economy-574	280	7	is	be	AUX
economy-574	280	8	seen	see	VERB
economy-574	280	9	to	to	PART
economy-574	280	10	have	have	VERB
economy-574	280	11	a	a	DET
economy-574	280	12	coefficient	coefficient	NOUN
economy-574	280	13	of	of	ADP
economy-574	280	14	-0.631065	-0.631065	PROPN
economy-574	280	15	.	.	PUNCT
economy-574	281	1	this	this	PRON
economy-574	281	2	shows	show	VERB
economy-574	281	3	that	that	SCONJ
economy-574	281	4	a	a	DET
economy-574	281	5	unit	unit	NOUN
economy-574	281	6	change	change	NOUN
economy-574	281	7	in	in	ADP
economy-574	281	8	inflation	inflation	NOUN
economy-574	281	9	rate	rate	NOUN
economy-574	281	10	will	will	AUX
economy-574	281	11	decrease	decrease	VERB
economy-574	281	12	the	the	DET
economy-574	281	13	exchange	exchange	NOUN
economy-574	281	14	rate	rate	NOUN
economy-574	281	15	by	by	ADP
economy-574	281	16	-63.1	-63.1	PROPN
economy-574	281	17	units	unit	NOUN
economy-574	281	18	.	.	PUNCT
economy-574	282	1	and	and	CCONJ
economy-574	282	2	it	it	PRON
economy-574	282	3	is	be	AUX
economy-574	282	4	also	also	ADV
economy-574	282	5	significant	significant	ADJ
economy-574	282	6	at	at	ADP
economy-574	282	7	5	5	NUM
economy-574	282	8	%	%	NOUN
economy-574	282	9	level	level	NOUN
economy-574	282	10	for	for	ADP
economy-574	282	11	the	the	DET
economy-574	282	12	period	period	NOUN
economy-574	282	13	under	under	ADP
economy-574	282	14	review	review	NOUN
economy-574	282	15	.	.	PUNCT
economy-574	283	1			NOUN
economy-574	283	2	balance	balance	NOUN
economy-574	283	3	of	of	ADP
economy-574	283	4	payment	payment	NOUN
economy-574	283	5	(	(	PUNCT
economy-574	283	6	lbop	lbop	NOUN
economy-574	283	7	)	)	PUNCT
economy-574	283	8	has	have	VERB
economy-574	283	9	a	a	DET
economy-574	283	10	coefficient	coefficient	NOUN
economy-574	283	11	of	of	ADP
economy-574	283	12	0.909174	0.909174	NUM
economy-574	283	13	,	,	PUNCT
economy-574	283	14	which	which	PRON
economy-574	283	15	implies	imply	VERB
economy-574	283	16	that	that	SCONJ
economy-574	283	17	a	a	DET
economy-574	283	18	unit	unit	NOUN
economy-574	283	19	increase	increase	NOUN
economy-574	283	20	in	in	ADP
economy-574	283	21	balance	balance	NOUN
economy-574	283	22	of	of	ADP
economy-574	283	23	payment	payment	NOUN
economy-574	283	24	will	will	AUX
economy-574	283	25	result	result	VERB
economy-574	283	26	to	to	ADP
economy-574	283	27	an	an	DET
economy-574	283	28	increase	increase	NOUN
economy-574	283	29	in	in	ADP
economy-574	283	30	the	the	DET
economy-574	283	31	exchange	exchange	NOUN
economy-574	283	32	rate	rate	NOUN
economy-574	283	33	by	by	ADP
economy-574	283	34	90.9	90.9	NUM
economy-574	283	35	units	unit	NOUN
economy-574	283	36	.	.	PUNCT
economy-574	284	1	and	and	CCONJ
economy-574	284	2	it	it	PRON
economy-574	284	3	is	be	AUX
economy-574	284	4	also	also	ADV
economy-574	284	5	significant	significant	ADJ
economy-574	284	6	at	at	ADP
economy-574	284	7	5	5	NUM
economy-574	284	8	%	%	NOUN
economy-574	284	9	level	level	NOUN
economy-574	284	10	for	for	ADP
economy-574	284	11	the	the	DET
economy-574	284	12	period	period	NOUN
economy-574	284	13	under	under	ADP
economy-574	284	14	review	review	NOUN
economy-574	284	15	.	.	PUNCT
economy-574	285	1			NOUN
economy-574	285	2	real	real	ADJ
economy-574	285	3	gross	gross	ADJ
economy-574	285	4	domestic	domestic	ADJ
economy-574	285	5	product	product	NOUN
economy-574	285	6	(	(	PUNCT
economy-574	285	7	lrgdp	lrgdp	NOUN
economy-574	285	8	)	)	PUNCT
economy-574	285	9	has	have	VERB
economy-574	285	10	a	a	DET
economy-574	285	11	coefficient	coefficient	NOUN
economy-574	285	12	of	of	ADP
economy-574	285	13	25.69297	25.69297	NUM
economy-574	285	14	,	,	PUNCT
economy-574	285	15	which	which	PRON
economy-574	285	16	implies	imply	VERB
economy-574	285	17	that	that	SCONJ
economy-574	285	18	a	a	DET
economy-574	285	19	unit	unit	NOUN
economy-574	285	20	increase	increase	NOUN
economy-574	285	21	in	in	ADP
economy-574	285	22	real	real	ADJ
economy-574	285	23	domestic	domestic	ADJ
economy-574	285	24	product	product	NOUN
economy-574	285	25	will	will	AUX
economy-574	285	26	result	result	VERB
economy-574	285	27	to	to	ADP
economy-574	285	28	an	an	DET
economy-574	285	29	increase	increase	NOUN
economy-574	285	30	of	of	ADP
economy-574	285	31	the	the	DET
economy-574	285	32	exchange	exchange	NOUN
economy-574	285	33	rate	rate	NOUN
economy-574	285	34	by	by	ADP
economy-574	285	35	2569.297	2569.297	NUM
economy-574	285	36	units	unit	NOUN
economy-574	285	37	.	.	PUNCT
economy-574	286	1	and	and	CCONJ
economy-574	286	2	it	it	PRON
economy-574	286	3	is	be	AUX
economy-574	286	4	also	also	ADV
economy-574	286	5	significant	significant	ADJ
economy-574	286	6	at	at	ADP
economy-574	286	7	5	5	NUM
economy-574	286	8	%	%	NOUN
economy-574	286	9	level	level	NOUN
economy-574	286	10	for	for	ADP
economy-574	286	11	the	the	DET
economy-574	286	12	period	period	NOUN
economy-574	286	13	under	under	ADP
economy-574	286	14	review	review	NOUN
economy-574	286	15	.	.	PUNCT
economy-574	287	1			NOUN
economy-574	288	1	the	the	DET
economy-574	288	2	coefficient	coefficient	NOUN
economy-574	288	3	of	of	ADP
economy-574	288	4	the	the	DET
economy-574	288	5	constant	constant	ADJ
economy-574	288	6	is	be	AUX
economy-574	288	7	-124.3552	-124.3552	ADV
economy-574	288	8	,	,	PUNCT
economy-574	288	9	implying	imply	VERB
economy-574	288	10	that	that	SCONJ
economy-574	288	11	when	when	SCONJ
economy-574	288	12	all	all	DET
economy-574	288	13	other	other	ADJ
economy-574	288	14	independent	independent	ADJ
economy-574	288	15	variables	variable	NOUN
economy-574	288	16	are	be	AUX
economy-574	288	17	held	hold	VERB
economy-574	288	18	constant	constant	ADJ
economy-574	288	19	;	;	PUNCT
economy-574	288	20	the	the	DET
economy-574	288	21	value	value	NOUN
economy-574	288	22	of	of	ADP
economy-574	288	23	the	the	DET
economy-574	288	24	dependent	dependent	ADJ
economy-574	288	25	variable	variable	NOUN
economy-574	288	26	(	(	PUNCT
economy-574	288	27	exr	exr	PROPN
economy-574	288	28	)	)	PUNCT
economy-574	288	29	will	will	AUX
economy-574	288	30	be	be	AUX
economy-574	288	31	12435.5	12435.5	NUM
economy-574	288	32	%	%	NOUN
economy-574	288	33	.	.	PUNCT
economy-574	289	1	and	and	CCONJ
economy-574	289	2	it	it	PRON
economy-574	289	3	is	be	AUX
economy-574	289	4	also	also	ADV
economy-574	289	5	significant	significant	ADJ
economy-574	289	6	at	at	ADP
economy-574	289	7	5	5	NUM
economy-574	289	8	%	%	NOUN
economy-574	289	9	level	level	NOUN
economy-574	289	10	for	for	ADP
economy-574	289	11	the	the	DET
economy-574	289	12	period	period	NOUN
economy-574	289	13	under	under	ADP
economy-574	289	14	review	review	NOUN
economy-574	289	15	.	.	PUNCT
economy-574	290	1	the	the	DET
economy-574	290	2	statistical	statistical	ADJ
economy-574	290	3	significance	significance	NOUN
economy-574	290	4	of	of	ADP
economy-574	290	5	the	the	DET
economy-574	290	6	parameter	parameter	NOUN
economy-574	290	7	estimate	estimate	NOUN
economy-574	290	8	can	can	AUX
economy-574	290	9	be	be	AUX
economy-574	290	10	verified	verify	VERB
economy-574	290	11	by	by	ADP
economy-574	290	12	standard	standard	ADJ
economy-574	290	13	error	error	NOUN
economy-574	290	14	test	test	NOUN
economy-574	290	15	;	;	PUNCT
economy-574	290	16	the	the	DET
economy-574	290	17	adjusted	adjust	VERB
economy-574	290	18	r	r	NOUN
economy-574	290	19	squared	square	VERB
economy-574	290	20	and	and	CCONJ
economy-574	290	21	durbin	durbin	PROPN
economy-574	290	22	watson	watson	PROPN
economy-574	290	23	statistics	statistic	NOUN
economy-574	290	24	.	.	PUNCT
economy-574	291	1			NOUN
economy-574	291	2	for	for	ADP
economy-574	291	3	the	the	DET
economy-574	291	4	models	model	NOUN
economy-574	291	5	,	,	PUNCT
economy-574	291	6	when	when	SCONJ
economy-574	291	7	compared	compare	VERB
economy-574	291	8	half	half	NOUN
economy-574	291	9	of	of	ADP
economy-574	291	10	each	each	DET
economy-574	291	11	coefficient	coefficient	NOUN
economy-574	291	12	with	with	ADP
economy-574	291	13	its	its	PRON
economy-574	291	14	standard	standard	ADJ
economy-574	291	15	error	error	NOUN
economy-574	291	16	,	,	PUNCT
economy-574	291	17	it	it	PRON
economy-574	291	18	was	be	AUX
economy-574	291	19	found	find	VERB
economy-574	291	20	that	that	SCONJ
economy-574	291	21	the	the	DET
economy-574	291	22	standard	standard	ADJ
economy-574	291	23	errors	error	NOUN
economy-574	291	24	are	be	AUX
economy-574	291	25	less	less	ADJ
economy-574	291	26	than	than	ADP
economy-574	291	27	half	half	NOUN
economy-574	291	28	of	of	ADP
economy-574	291	29	the	the	DET
economy-574	291	30	values	value	NOUN
economy-574	291	31	of	of	ADP
economy-574	291	32	the	the	DET
economy-574	291	33	coefficients	coefficient	NOUN
economy-574	291	34	of	of	ADP
economy-574	291	35	the	the	DET
economy-574	291	36	variables	variable	NOUN
economy-574	291	37	.	.	PUNCT
economy-574	292	1	this	this	PRON
economy-574	292	2	shows	show	VERB
economy-574	292	3	that	that	SCONJ
economy-574	292	4	the	the	DET
economy-574	292	5	estimated	estimate	VERB
economy-574	292	6	values	value	NOUN
economy-574	292	7	are	be	AUX
economy-574	292	8	all	all	PRON
economy-574	292	9	statistically	statistically	ADV
economy-574	292	10	significant	significant	ADJ
economy-574	292	11	.	.	PUNCT
economy-574	293	1			NOUN
economy-574	293	2	from	from	ADP
economy-574	293	3	the	the	DET
economy-574	293	4	results	result	NOUN
economy-574	293	5	of	of	ADP
economy-574	293	6	our	our	PRON
economy-574	293	7	regression	regression	NOUN
economy-574	293	8	r	r	NOUN
economy-574	293	9	2	2	NUM
economy-574	293	10	for	for	ADP
economy-574	293	11	models	model	NOUN
economy-574	293	12	are	be	AUX
economy-574	293	13	0.993183	0.993183	NUM
economy-574	293	14	,	,	PUNCT
economy-574	293	15	0.813089	0.813089	NUM
economy-574	293	16	and	and	CCONJ
economy-574	293	17	0.941161	0.941161	NUM
economy-574	293	18	respectively	respectively	ADV
economy-574	293	19	.	.	PUNCT
economy-574	294	1	this	this	PRON
economy-574	294	2	shows	show	VERB
economy-574	294	3	that	that	SCONJ
economy-574	294	4	almost	almost	ADV
economy-574	294	5	99.3	99.3	NUM
economy-574	294	6	%	%	NOUN
economy-574	294	7	,	,	PUNCT
economy-574	294	8	81.3	81.3	NUM
economy-574	294	9	%	%	NOUN
economy-574	294	10	and	and	CCONJ
economy-574	294	11	94.1	94.1	NUM
economy-574	294	12	%	%	NOUN
economy-574	294	13	of	of	ADP
economy-574	294	14	the	the	DET
economy-574	294	15	changes	change	NOUN
economy-574	294	16	in	in	ADP
economy-574	294	17	the	the	DET
economy-574	294	18	dependent	dependent	ADJ
economy-574	294	19	variables	variable	NOUN
economy-574	294	20	were	be	AUX
economy-574	294	21	captured	capture	VERB
economy-574	294	22	by	by	ADP
economy-574	294	23	the	the	DET
economy-574	294	24	independent	independent	ADJ
economy-574	294	25	variables	variable	NOUN
economy-574	294	26	in	in	ADP
economy-574	294	27	both	both	DET
economy-574	294	28	models	model	NOUN
economy-574	294	29	,	,	PUNCT
economy-574	294	30	respectively	respectively	ADV
economy-574	294	31	.	.	PUNCT
economy-574	295	1			NOUN
economy-574	295	2	the	the	DET
economy-574	295	3	value	value	NOUN
economy-574	295	4	of	of	ADP
economy-574	295	5	durbin	durbin	PROPN
economy-574	295	6	watson	watson	PROPN
economy-574	295	7	is	be	AUX
economy-574	295	8	1.7	1.7	NUM
economy-574	295	9	,	,	PUNCT
economy-574	295	10	1.7	1.7	NUM
economy-574	295	11	and	and	CCONJ
economy-574	295	12	1.6	1.6	NUM
economy-574	295	13	respectively	respectively	ADV
economy-574	295	14	in	in	ADP
economy-574	295	15	the	the	DET
economy-574	295	16	models	model	NOUN
economy-574	295	17	.	.	PUNCT
economy-574	296	1	by	by	ADP
economy-574	296	2	implication	implication	NOUN
economy-574	296	3	,	,	PUNCT
economy-574	296	4	there	there	PRON
economy-574	296	5	is	be	VERB
economy-574	296	6	evidence	evidence	NOUN
economy-574	296	7	of	of	ADP
economy-574	296	8	positive	positive	ADJ
economy-574	296	9	serial	serial	ADJ
economy-574	296	10	correlation	correlation	NOUN
economy-574	296	11	among	among	ADP
economy-574	296	12	the	the	DET
economy-574	296	13	explanatory	explanatory	ADJ
economy-574	296	14	variables	variable	NOUN
economy-574	296	15	in	in	ADP
economy-574	296	16	the	the	DET
economy-574	296	17	models	model	NOUN
economy-574	296	18	.	.	PUNCT
economy-574	297	1			NOUN
economy-574	298	1	the	the	DET
economy-574	298	2	coefficient	coefficient	NOUN
economy-574	298	3	of	of	ADP
economy-574	298	4	error	error	NOUN
economy-574	298	5	correction	correction	NOUN
economy-574	298	6	mechanism	mechanism	NOUN
economy-574	298	7	(	(	PUNCT
economy-574	298	8	ecm	ecm	NOUN
economy-574	298	9	)	)	PUNCT
economy-574	298	10	is	be	AUX
economy-574	298	11	negative	negative	ADJ
economy-574	298	12	.	.	PUNCT
economy-574	299	1	this	this	PRON
economy-574	299	2	is	be	AUX
economy-574	299	3	in	in	ADP
economy-574	299	4	line	line	NOUN
economy-574	299	5	with	with	ADP
economy-574	299	6	economic	economic	ADJ
economy-574	299	7	and	and	CCONJ
economy-574	299	8	econometrics	econometrics	NOUN
economy-574	299	9	expectations	expectation	NOUN
economy-574	299	10	.	.	PUNCT
economy-574	300	1	the	the	DET
economy-574	300	2	error	error	NOUN
economy-574	300	3	correction	correction	NOUN
economy-574	300	4	mechanism	mechanism	NOUN
economy-574	300	5	corrects	correct	VERB
economy-574	300	6	71.0	71.0	NUM
economy-574	300	7	%	%	NOUN
economy-574	300	8	,	,	PUNCT
economy-574	300	9	66.9	66.9	NUM
economy-574	300	10	%	%	NOUN
economy-574	300	11	and	and	CCONJ
economy-574	300	12	73.1	73.1	NUM
economy-574	300	13	%	%	NOUN
economy-574	300	14	respectively	respectively	ADV
economy-574	300	15	of	of	ADP
economy-574	300	16	the	the	DET
economy-574	300	17	total	total	ADJ
economy-574	300	18	error	error	NOUN
economy-574	300	19	that	that	PRON
economy-574	300	20	occurs	occur	VERB
economy-574	300	21	in	in	ADP
economy-574	300	22	the	the	DET
economy-574	300	23	models	model	NOUN
economy-574	300	24	.	.	PUNCT
economy-574	301	1	5	5	X
economy-574	301	2	.	.	X
economy-574	301	3	conclusion	conclusion	NOUN
economy-574	301	4	and	and	CCONJ
economy-574	301	5	recommendations	recommendation	NOUN
economy-574	301	6	in	in	ADP
economy-574	301	7	this	this	DET
economy-574	301	8	study	study	NOUN
economy-574	301	9	,	,	PUNCT
economy-574	301	10	attempt	attempt	NOUN
economy-574	301	11	was	be	AUX
economy-574	301	12	made	make	VERB
economy-574	301	13	to	to	PART
economy-574	301	14	examine	examine	VERB
economy-574	301	15	exchange	exchange	NOUN
economy-574	301	16	rate	rate	NOUN
economy-574	301	17	sensitivity	sensitivity	NOUN
economy-574	301	18	and	and	CCONJ
economy-574	301	19	its	its	PRON
economy-574	301	20	determinants	determinant	NOUN
economy-574	301	21	with	with	ADP
economy-574	301	22	special	special	ADJ
economy-574	301	23	focus	focus	NOUN
economy-574	301	24	on	on	ADP
economy-574	301	25	the	the	DET
economy-574	301	26	nigerian	nigerian	ADJ
economy-574	301	27	manufacturing	manufacturing	NOUN
economy-574	301	28	sector	sector	NOUN
economy-574	301	29	.	.	PUNCT
economy-574	302	1	in	in	ADP
economy-574	302	2	essence	essence	NOUN
economy-574	302	3	,	,	PUNCT
economy-574	302	4	the	the	DET
economy-574	302	5	study	study	NOUN
economy-574	302	6	sought	seek	VERB
economy-574	302	7	to	to	PART
economy-574	302	8	answer	answer	VERB
economy-574	302	9	the	the	DET
economy-574	302	10	questions	question	NOUN
economy-574	302	11	:	:	PUNCT
economy-574	302	12	(	(	PUNCT
economy-574	302	13	1	1	X
economy-574	302	14	)	)	PUNCT
economy-574	302	15	how	how	SCONJ
economy-574	302	16	volatile	volatile	ADJ
economy-574	302	17	has	have	VERB
economy-574	302	18	the	the	DET
economy-574	302	19	exchange	exchange	NOUN
economy-574	302	20	rate	rate	NOUN
economy-574	302	21	of	of	ADP
economy-574	302	22	nigeria	nigeria	PROPN
economy-574	302	23	been	be	AUX
economy-574	302	24	over	over	ADP
economy-574	302	25	the	the	DET
economy-574	302	26	years	year	NOUN
economy-574	302	27	?	?	PUNCT
economy-574	303	1	(	(	PUNCT
economy-574	303	2	2	2	X
economy-574	303	3	)	)	PUNCT
economy-574	303	4	to	to	ADP
economy-574	303	5	what	what	DET
economy-574	303	6	extent	extent	NOUN
economy-574	303	7	is	be	AUX
economy-574	303	8	the	the	DET
economy-574	303	9	nigerian	nigerian	ADJ
economy-574	303	10	manufacturing	manufacturing	NOUN
economy-574	303	11	sector	sector	NOUN
economy-574	303	12	sensitive	sensitive	ADJ
economy-574	303	13	to	to	PART
economy-574	303	14	exchange	exchange	VERB
economy-574	303	15	rate	rate	NOUN
economy-574	303	16	fluctuations	fluctuation	NOUN
economy-574	303	17	?	?	PUNCT
economy-574	303	18	,	,	PUNCT
economy-574	303	19	and	and	CCONJ
economy-574	303	20	(	(	PUNCT
economy-574	303	21	3	3	X
economy-574	303	22	)	)	PUNCT
economy-574	303	23	what	what	PRON
economy-574	303	24	are	be	AUX
economy-574	303	25	the	the	DET
economy-574	303	26	macroeconomic	macroeconomic	ADJ
economy-574	303	27	factors	factor	NOUN
economy-574	303	28	that	that	PRON
economy-574	303	29	are	be	AUX
economy-574	303	30	responsible	responsible	ADJ
economy-574	303	31	for	for	ADP
economy-574	303	32	the	the	DET
economy-574	303	33	exchange	exchange	NOUN
economy-574	303	34	rate	rate	NOUN
economy-574	303	35	fluctuations	fluctuation	NOUN
economy-574	303	36	in	in	ADP
economy-574	303	37	nigeria	nigeria	PROPN
economy-574	303	38	?	?	PUNCT
economy-574	304	1	the	the	DET
economy-574	304	2	empirical	empirical	ADJ
economy-574	304	3	analysis	analysis	NOUN
economy-574	304	4	revealed	reveal	VERB
economy-574	304	5	that	that	SCONJ
economy-574	304	6	post	post	ADJ
economy-574	304	7	-	-	ADJ
economy-574	304	8	sap	sap	ADJ
economy-574	304	9	era	era	NOUN
economy-574	304	10	has	have	AUX
economy-574	304	11	witnessed	witness	VERB
economy-574	304	12	persistent	persistent	ADJ
economy-574	304	13	increase	increase	NOUN
economy-574	304	14	and	and	CCONJ
economy-574	304	15	volatility	volatility	NOUN
economy-574	304	16	in	in	ADP
economy-574	304	17	the	the	DET
economy-574	304	18	exchanges	exchange	NOUN
economy-574	304	19	rates	rate	NOUN
economy-574	304	20	.	.	PUNCT
economy-574	305	1	therefore	therefore	ADV
economy-574	305	2	,	,	PUNCT
economy-574	305	3	it	it	PRON
economy-574	305	4	can	can	AUX
economy-574	305	5	be	be	AUX
economy-574	305	6	said	say	VERB
economy-574	305	7	that	that	SCONJ
economy-574	305	8	the	the	DET
economy-574	305	9	exchange	exchange	NOUN
economy-574	305	10	rates	rate	NOUN
economy-574	305	11	of	of	ADP
economy-574	305	12	nigeria	nigeria	PROPN
economy-574	305	13	in	in	ADP
economy-574	305	14	post	post	ADJ
economy-574	305	15	-	-	ADJ
economy-574	305	16	sap	sap	NOUN
economy-574	305	17	has	have	AUX
economy-574	305	18	been	be	AUX
economy-574	305	19	characterized	characterize	VERB
economy-574	305	20	by	by	ADP
economy-574	305	21	economy	economy	NOUN
economy-574	305	22	,	,	PUNCT
economy-574	305	23	2016	2016	NUM
economy-574	305	24	,	,	PUNCT
economy-574	305	25	3(1	3(1	NUM
economy-574	305	26	):	):	PUNCT
economy-574	305	27	40	40	NUM
economy-574	305	28	-	-	SYM
economy-574	305	29	50	50	NUM
economy-574	305	30	49	49	NUM
economy-574	305	31	uncertainty	uncertainty	NOUN
economy-574	305	32	.	.	PUNCT
economy-574	306	1	apart	apart	ADV
economy-574	306	2	from	from	ADP
economy-574	306	3	objectives	objective	NOUN
economy-574	306	4	not	not	PART
economy-574	306	5	realized	realize	VERB
economy-574	306	6	,	,	PUNCT
economy-574	306	7	exchange	exchange	NOUN
economy-574	306	8	rate	rate	NOUN
economy-574	306	9	policy	policy	NOUN
economy-574	306	10	and	and	CCONJ
economy-574	306	11	management	management	NOUN
economy-574	306	12	under	under	ADP
economy-574	306	13	sap	sap	PROPN
economy-574	306	14	have	have	AUX
economy-574	306	15	left	leave	VERB
economy-574	306	16	some	some	DET
economy-574	306	17	issues	issue	NOUN
economy-574	306	18	unresolved	unresolved	ADJ
economy-574	306	19	and/or	and/or	CCONJ
economy-574	306	20	created	create	VERB
economy-574	306	21	some	some	DET
economy-574	306	22	distortions	distortion	NOUN
economy-574	306	23	in	in	ADP
economy-574	306	24	the	the	DET
economy-574	306	25	economy	economy	NOUN
economy-574	306	26	.	.	PUNCT
economy-574	307	1	the	the	DET
economy-574	307	2	econometric	econometric	ADJ
economy-574	307	3	results	result	NOUN
economy-574	307	4	show	show	VERB
economy-574	307	5	that	that	SCONJ
economy-574	307	6	the	the	DET
economy-574	307	7	nigerian	nigerian	ADJ
economy-574	307	8	manufacturing	manufacturing	NOUN
economy-574	307	9	sector	sector	NOUN
economy-574	307	10	is	be	AUX
economy-574	307	11	not	not	PART
economy-574	307	12	sensitive	sensitive	ADJ
economy-574	307	13	to	to	PART
economy-574	307	14	exchange	exchange	VERB
economy-574	307	15	rate	rate	NOUN
economy-574	307	16	fluctuations	fluctuation	NOUN
economy-574	307	17	in	in	ADP
economy-574	307	18	the	the	DET
economy-574	307	19	long	long	ADV
economy-574	307	20	-	-	PUNCT
economy-574	307	21	run	run	NOUN
economy-574	307	22	.	.	PUNCT
economy-574	308	1	although	although	SCONJ
economy-574	308	2	a	a	DET
economy-574	308	3	short	short	ADJ
economy-574	308	4	-	-	PUNCT
economy-574	308	5	run	run	NOUN
economy-574	308	6	relationship	relationship	NOUN
economy-574	308	7	was	be	AUX
economy-574	308	8	found	find	VERB
economy-574	308	9	between	between	ADP
economy-574	308	10	the	the	DET
economy-574	308	11	manufacturing	manufacturing	NOUN
economy-574	308	12	index	index	NOUN
economy-574	308	13	of	of	ADP
economy-574	308	14	ordinary	ordinary	ADJ
economy-574	308	15	shares	share	NOUN
economy-574	308	16	listed	list	VERB
economy-574	308	17	on	on	ADP
economy-574	308	18	the	the	DET
economy-574	308	19	nigerian	nigerian	ADJ
economy-574	308	20	stock	stock	NOUN
economy-574	308	21	exchange	exchange	PROPN
economy-574	308	22	and	and	CCONJ
economy-574	308	23	the	the	DET
economy-574	308	24	exchange	exchange	NOUN
economy-574	308	25	rate	rate	NOUN
economy-574	308	26	,	,	PUNCT
economy-574	308	27	the	the	DET
economy-574	308	28	same	same	ADJ
economy-574	308	29	can	can	AUX
economy-574	308	30	not	not	PART
economy-574	308	31	be	be	AUX
economy-574	308	32	said	say	VERB
economy-574	308	33	of	of	ADP
economy-574	308	34	manufacturing	manufacturing	NOUN
economy-574	308	35	capacity	capacity	NOUN
economy-574	308	36	utilisation	utilisation	NOUN
economy-574	308	37	rate	rate	NOUN
economy-574	308	38	.	.	PUNCT
economy-574	309	1	furthermore	furthermore	ADV
economy-574	309	2	,	,	PUNCT
economy-574	309	3	the	the	DET
economy-574	309	4	major	major	ADJ
economy-574	309	5	determinants	determinant	NOUN
economy-574	309	6	of	of	ADP
economy-574	309	7	exchange	exchange	NOUN
economy-574	309	8	rates	rate	NOUN
economy-574	309	9	of	of	ADP
economy-574	309	10	nigeria	nigeria	PROPN
economy-574	309	11	identified	identify	VERB
economy-574	309	12	in	in	ADP
economy-574	309	13	the	the	DET
economy-574	309	14	study	study	NOUN
economy-574	309	15	are	be	AUX
economy-574	309	16	inflation	inflation	NOUN
economy-574	309	17	rate	rate	NOUN
economy-574	309	18	and	and	CCONJ
economy-574	309	19	gross	gross	ADJ
economy-574	309	20	domestic	domestic	ADJ
economy-574	309	21	product	product	NOUN
economy-574	309	22	.	.	PUNCT
economy-574	310	1	but	but	CCONJ
economy-574	310	2	contrary	contrary	ADJ
economy-574	310	3	to	to	ADP
economy-574	310	4	theoretical	theoretical	ADJ
economy-574	310	5	underpinning	underpinning	NOUN
economy-574	310	6	,	,	PUNCT
economy-574	310	7	interest	interest	NOUN
economy-574	310	8	rate	rate	NOUN
economy-574	310	9	and	and	CCONJ
economy-574	310	10	balance	balance	NOUN
economy-574	310	11	of	of	ADP
economy-574	310	12	payments	payment	NOUN
economy-574	310	13	were	be	AUX
economy-574	310	14	insignificant	insignificant	ADJ
economy-574	310	15	in	in	ADP
economy-574	310	16	the	the	DET
economy-574	310	17	determination	determination	NOUN
economy-574	310	18	of	of	ADP
economy-574	310	19	exchange	exchange	NOUN
economy-574	310	20	rate	rate	NOUN
economy-574	310	21	in	in	ADP
economy-574	310	22	the	the	DET
economy-574	310	23	country	country	NOUN
economy-574	310	24	.	.	PUNCT
economy-574	311	1	one	one	NUM
economy-574	311	2	clear	clear	ADJ
economy-574	311	3	conclusion	conclusion	NOUN
economy-574	311	4	which	which	PRON
economy-574	311	5	emerged	emerge	VERB
economy-574	311	6	from	from	ADP
economy-574	311	7	the	the	DET
economy-574	311	8	above	above	ADJ
economy-574	311	9	analysis	analysis	NOUN
economy-574	311	10	is	be	AUX
economy-574	311	11	that	that	SCONJ
economy-574	311	12	parallel	parallel	ADJ
economy-574	311	13	market	market	NOUN
economy-574	311	14	exchange	exchange	NOUN
economy-574	311	15	rate	rate	NOUN
economy-574	311	16	seems	seem	VERB
economy-574	311	17	a	a	DET
economy-574	311	18	more	more	ADV
economy-574	311	19	important	important	ADJ
economy-574	311	20	driver	driver	NOUN
economy-574	311	21	of	of	ADP
economy-574	311	22	activities	activity	NOUN
economy-574	311	23	in	in	ADP
economy-574	311	24	the	the	DET
economy-574	311	25	nigerian	nigerian	ADJ
economy-574	311	26	economy	economy	NOUN
economy-574	311	27	.	.	PUNCT
economy-574	312	1	proper	proper	ADJ
economy-574	312	2	management	management	NOUN
economy-574	312	3	of	of	ADP
economy-574	312	4	exchange	exchange	NOUN
economy-574	312	5	rate	rate	NOUN
economy-574	312	6	,	,	PUNCT
economy-574	312	7	to	to	PART
economy-574	312	8	forestall	forestall	VERB
economy-574	312	9	costly	costly	ADJ
economy-574	312	10	distortions	distortion	NOUN
economy-574	312	11	,	,	PUNCT
economy-574	312	12	constitutes	constitute	VERB
economy-574	312	13	an	an	DET
economy-574	312	14	important	important	ADJ
economy-574	312	15	pillar	pillar	NOUN
economy-574	312	16	in	in	ADP
economy-574	312	17	enhancing	enhance	VERB
economy-574	312	18	the	the	DET
economy-574	312	19	performance	performance	NOUN
economy-574	312	20	of	of	ADP
economy-574	312	21	the	the	DET
economy-574	312	22	manufacturing	manufacturing	NOUN
economy-574	312	23	sector	sector	NOUN
economy-574	312	24	in	in	ADP
economy-574	312	25	nigeria	nigeria	PROPN
economy-574	312	26	.	.	PUNCT
economy-574	313	1	it	it	PRON
economy-574	313	2	is	be	AUX
economy-574	313	3	important	important	ADJ
economy-574	313	4	that	that	SCONJ
economy-574	313	5	monetary	monetary	ADJ
economy-574	313	6	authorities	authority	NOUN
economy-574	313	7	ensure	ensure	VERB
economy-574	313	8	transparency	transparency	NOUN
economy-574	313	9	in	in	ADP
economy-574	313	10	determining	determine	VERB
economy-574	313	11	exchange	exchange	NOUN
economy-574	313	12	rate	rate	NOUN
economy-574	313	13	process	process	NOUN
economy-574	313	14	such	such	ADJ
economy-574	313	15	that	that	SCONJ
economy-574	313	16	various	various	ADJ
economy-574	313	17	economic	economic	ADJ
economy-574	313	18	distortions	distortion	NOUN
economy-574	313	19	associated	associate	VERB
economy-574	313	20	with	with	ADP
economy-574	313	21	exchange	exchange	NOUN
economy-574	313	22	rate	rate	NOUN
economy-574	313	23	may	may	AUX
economy-574	313	24	be	be	AUX
economy-574	313	25	minimized	minimize	VERB
economy-574	313	26	.	.	PUNCT
economy-574	314	1	perhaps	perhaps	ADV
economy-574	314	2	the	the	DET
economy-574	314	3	most	most	ADV
economy-574	314	4	important	important	ADJ
economy-574	314	5	contribution	contribution	NOUN
economy-574	314	6	of	of	ADP
economy-574	314	7	this	this	DET
economy-574	314	8	study	study	NOUN
economy-574	314	9	to	to	ADP
economy-574	314	10	the	the	DET
economy-574	314	11	literature	literature	NOUN
economy-574	314	12	is	be	AUX
economy-574	314	13	to	to	PART
economy-574	314	14	suggest	suggest	VERB
economy-574	314	15	that	that	SCONJ
economy-574	314	16	exchange	exchange	NOUN
economy-574	314	17	rate	rate	NOUN
economy-574	314	18	volatility	volatility	NOUN
economy-574	314	19	is	be	AUX
economy-574	314	20	not	not	PART
economy-574	314	21	a	a	DET
economy-574	314	22	serious	serious	ADJ
economy-574	314	23	source	source	NOUN
economy-574	314	24	of	of	ADP
economy-574	314	25	worry	worry	NOUN
economy-574	314	26	for	for	ADP
economy-574	314	27	nigerian	nigerian	ADJ
economy-574	314	28	manufacturers	manufacturer	NOUN
economy-574	314	29	.	.	PUNCT
economy-574	315	1	the	the	DET
economy-574	315	2	study	study	NOUN
economy-574	315	3	also	also	ADV
economy-574	315	4	confirms	confirm	VERB
economy-574	315	5	the	the	DET
economy-574	315	6	lingering	linger	VERB
economy-574	315	7	controversy	controversy	NOUN
economy-574	315	8	in	in	ADP
economy-574	315	9	the	the	DET
economy-574	315	10	literature	literature	NOUN
economy-574	315	11	that	that	PRON
economy-574	315	12	the	the	DET
economy-574	315	13	direction	direction	NOUN
economy-574	315	14	of	of	ADP
economy-574	315	15	effects	effect	NOUN
economy-574	315	16	of	of	ADP
economy-574	315	17	exchange	exchange	NOUN
economy-574	315	18	rate	rate	NOUN
economy-574	315	19	volatility	volatility	NOUN
economy-574	315	20	remains	remain	VERB
economy-574	315	21	controversial	controversial	ADJ
economy-574	315	22	as	as	ADP
economy-574	315	23	in	in	ADP
economy-574	315	24	the	the	DET
economy-574	315	25	literature	literature	NOUN
economy-574	315	26	.	.	PUNCT
economy-574	316	1	based	base	VERB
economy-574	316	2	on	on	ADP
economy-574	316	3	the	the	DET
economy-574	316	4	findings	finding	NOUN
economy-574	316	5	of	of	ADP
economy-574	316	6	this	this	DET
economy-574	316	7	study	study	NOUN
economy-574	316	8	,	,	PUNCT
economy-574	316	9	the	the	DET
economy-574	316	10	following	follow	VERB
economy-574	316	11	recommendations	recommendation	NOUN
economy-574	316	12	are	be	AUX
economy-574	316	13	hereby	hereby	ADV
economy-574	316	14	suggested	suggest	VERB
economy-574	316	15	:	:	PUNCT
economy-574	317	1	1	1	X
economy-574	317	2	.	.	PUNCT
economy-574	317	3	the	the	DET
economy-574	317	4	monetary	monetary	ADJ
economy-574	317	5	authorities	authority	NOUN
economy-574	317	6	should	should	AUX
economy-574	317	7	maintain	maintain	VERB
economy-574	317	8	stability	stability	NOUN
economy-574	317	9	of	of	ADP
economy-574	317	10	the	the	DET
economy-574	317	11	exchange	exchange	NOUN
economy-574	317	12	rates	rate	NOUN
economy-574	317	13	through	through	ADP
economy-574	317	14	proper	proper	ADJ
economy-574	317	15	management	management	NOUN
economy-574	317	16	so	so	SCONJ
economy-574	317	17	as	as	SCONJ
economy-574	317	18	to	to	PART
economy-574	317	19	encourage	encourage	VERB
economy-574	317	20	local	local	ADJ
economy-574	317	21	production	production	NOUN
economy-574	317	22	.	.	PUNCT
economy-574	318	1	when	when	SCONJ
economy-574	318	2	there	there	PRON
economy-574	318	3	is	be	VERB
economy-574	318	4	no	no	DET
economy-574	318	5	uncertainty	uncertainty	NOUN
economy-574	318	6	in	in	ADP
economy-574	318	7	the	the	DET
economy-574	318	8	foreign	foreign	ADJ
economy-574	318	9	exchange	exchange	NOUN
economy-574	318	10	market	market	NOUN
economy-574	318	11	and	and	CCONJ
economy-574	318	12	undue	undue	ADJ
economy-574	318	13	risk	risk	NOUN
economy-574	318	14	,	,	PUNCT
economy-574	318	15	the	the	DET
economy-574	318	16	confidence	confidence	NOUN
economy-574	318	17	of	of	ADP
economy-574	318	18	foreign	foreign	ADJ
economy-574	318	19	investors	investor	NOUN
economy-574	318	20	and	and	CCONJ
economy-574	318	21	the	the	DET
economy-574	318	22	exporters	exporter	NOUN
economy-574	318	23	would	would	AUX
economy-574	318	24	be	be	AUX
economy-574	318	25	boosted	boost	VERB
economy-574	318	26	and	and	CCONJ
economy-574	318	27	this	this	PRON
economy-574	318	28	will	will	AUX
economy-574	318	29	consequently	consequently	ADV
economy-574	318	30	stimulate	stimulate	VERB
economy-574	318	31	productivity	productivity	NOUN
economy-574	318	32	in	in	ADP
economy-574	318	33	the	the	DET
economy-574	318	34	manufacturing	manufacturing	NOUN
economy-574	318	35	sector	sector	NOUN
economy-574	318	36	.	.	PUNCT
economy-574	319	1	2	2	X
economy-574	319	2	.	.	X
economy-574	319	3	the	the	DET
economy-574	319	4	monetary	monetary	ADJ
economy-574	319	5	authorities	authority	NOUN
economy-574	319	6	must	must	AUX
economy-574	319	7	endeavour	endeavour	VERB
economy-574	319	8	to	to	PART
economy-574	319	9	force	force	VERB
economy-574	319	10	the	the	DET
economy-574	319	11	interest	interest	NOUN
economy-574	319	12	rate	rate	NOUN
economy-574	319	13	down	down	ADP
economy-574	319	14	and	and	CCONJ
economy-574	319	15	continue	continue	VERB
economy-574	319	16	to	to	PART
economy-574	319	17	advocate	advocate	VERB
economy-574	319	18	for	for	ADP
economy-574	319	19	priority	priority	NOUN
economy-574	319	20	lending	lending	NOUN
economy-574	319	21	to	to	ADP
economy-574	319	22	the	the	DET
economy-574	319	23	manufacturing	manufacturing	NOUN
economy-574	319	24	firms	firm	NOUN
economy-574	319	25	.	.	PUNCT
economy-574	320	1	there	there	PRON
economy-574	320	2	have	have	AUX
economy-574	320	3	been	be	AUX
economy-574	320	4	massive	massive	ADJ
economy-574	320	5	closure	closure	NOUN
economy-574	320	6	of	of	ADP
economy-574	320	7	manufacturing	manufacturing	NOUN
economy-574	320	8	firms	firm	NOUN
economy-574	320	9	in	in	ADP
economy-574	320	10	the	the	DET
economy-574	320	11	country	country	NOUN
economy-574	320	12	in	in	ADP
economy-574	320	13	recent	recent	ADJ
economy-574	320	14	times	time	NOUN
economy-574	320	15	due	due	ADP
economy-574	320	16	to	to	ADP
economy-574	320	17	the	the	DET
economy-574	320	18	high	high	ADJ
economy-574	320	19	cost	cost	NOUN
economy-574	320	20	of	of	ADP
economy-574	320	21	lending	lending	NOUN
economy-574	320	22	;	;	PUNCT
economy-574	320	23	lack	lack	NOUN
economy-574	320	24	of	of	ADP
economy-574	320	25	long	long	ADJ
economy-574	320	26	-	-	PUNCT
economy-574	320	27	term	term	NOUN
economy-574	320	28	fund	fund	NOUN
economy-574	320	29	and	and	CCONJ
economy-574	320	30	the	the	DET
economy-574	320	31	poor	poor	ADJ
economy-574	320	32	state	state	NOUN
economy-574	320	33	of	of	ADP
economy-574	320	34	infrastructural	infrastructural	ADJ
economy-574	320	35	facilities	facility	NOUN
economy-574	320	36	especially	especially	ADV
economy-574	320	37	the	the	DET
economy-574	320	38	epileptic	epileptic	ADJ
economy-574	320	39	power	power	NOUN
economy-574	320	40	supply	supply	NOUN
economy-574	320	41	.	.	PUNCT
economy-574	321	1	3	3	X
economy-574	321	2	.	.	X
economy-574	321	3	the	the	DET
economy-574	321	4	government	government	NOUN
economy-574	321	5	must	must	AUX
economy-574	321	6	continue	continue	VERB
economy-574	321	7	to	to	PART
economy-574	321	8	discourage	discourage	VERB
economy-574	321	9	importation	importation	NOUN
economy-574	321	10	in	in	ADP
economy-574	321	11	order	order	NOUN
economy-574	321	12	to	to	PART
economy-574	321	13	maintain	maintain	VERB
economy-574	321	14	exchange	exchange	NOUN
economy-574	321	15	rate	rate	NOUN
economy-574	321	16	stability	stability	NOUN
economy-574	321	17	.	.	PUNCT
economy-574	322	1	import	import	NOUN
economy-574	322	2	substitution	substitution	NOUN
economy-574	322	3	strategy	strategy	NOUN
economy-574	322	4	should	should	AUX
economy-574	322	5	be	be	AUX
economy-574	322	6	vigorously	vigorously	ADV
economy-574	322	7	pursued	pursue	VERB
economy-574	322	8	by	by	ADP
economy-574	322	9	the	the	DET
economy-574	322	10	government	government	NOUN
economy-574	322	11	while	while	SCONJ
economy-574	322	12	zero	zero	NUM
economy-574	322	13	tolerance	tolerance	NOUN
economy-574	322	14	is	be	AUX
economy-574	322	15	enforced	enforce	VERB
economy-574	322	16	on	on	ADP
economy-574	322	17	illegal	illegal	ADJ
economy-574	322	18	importation	importation	NOUN
economy-574	322	19	.	.	PUNCT
economy-574	323	1	4	4	X
economy-574	323	2	.	.	X
economy-574	323	3	lastly	lastly	ADV
economy-574	323	4	,	,	PUNCT
economy-574	323	5	foreign	foreign	ADJ
economy-574	323	6	exchange	exchange	NOUN
economy-574	323	7	should	should	AUX
economy-574	323	8	be	be	AUX
economy-574	323	9	made	make	VERB
economy-574	323	10	available	available	ADJ
economy-574	323	11	to	to	ADP
economy-574	323	12	manufacturing	manufacturing	NOUN
economy-574	323	13	firms	firm	NOUN
economy-574	323	14	so	so	SCONJ
economy-574	323	15	that	that	SCONJ
economy-574	323	16	they	they	PRON
economy-574	323	17	could	could	AUX
economy-574	323	18	source	source	VERB
economy-574	323	19	for	for	ADP
economy-574	323	20	raw	raw	ADJ
economy-574	323	21	materials	material	NOUN
economy-574	323	22	.	.	PUNCT
economy-574	324	1	furthermore	furthermore	ADV
economy-574	324	2	,	,	PUNCT
economy-574	324	3	the	the	DET
economy-574	324	4	short	short	ADJ
economy-574	324	5	supply	supply	NOUN
economy-574	324	6	of	of	ADP
economy-574	324	7	foreign	foreign	ADJ
economy-574	324	8	exchange	exchange	NOUN
economy-574	324	9	in	in	ADP
economy-574	324	10	the	the	DET
economy-574	324	11	country	country	NOUN
economy-574	324	12	has	have	AUX
economy-574	324	13	been	be	AUX
economy-574	324	14	found	find	VERB
economy-574	324	15	to	to	PART
economy-574	324	16	be	be	AUX
economy-574	324	17	as	as	ADP
economy-574	324	18	a	a	DET
economy-574	324	19	result	result	NOUN
economy-574	324	20	of	of	ADP
economy-574	324	21	the	the	DET
economy-574	324	22	country	country	NOUN
economy-574	324	23	’s	’s	PART
economy-574	324	24	over	over	ADP
economy-574	324	25	-	-	PUNCT
economy-574	324	26	dependence	dependence	NOUN
economy-574	324	27	on	on	ADP
economy-574	324	28	oil	oil	NOUN
economy-574	324	29	as	as	ADP
economy-574	324	30	the	the	DET
economy-574	324	31	major	major	ADJ
economy-574	324	32	source	source	NOUN
economy-574	324	33	of	of	ADP
economy-574	324	34	foreign	foreign	ADJ
economy-574	324	35	exchange	exchange	NOUN
economy-574	324	36	earnings	earning	NOUN
economy-574	324	37	.	.	PUNCT
economy-574	325	1	to	to	PART
economy-574	325	2	solve	solve	VERB
economy-574	325	3	this	this	DET
economy-574	325	4	problem	problem	NOUN
economy-574	325	5	,	,	PUNCT
economy-574	325	6	alternative	alternative	ADJ
economy-574	325	7	sources	source	NOUN
economy-574	325	8	of	of	ADP
economy-574	325	9	foreign	foreign	ADJ
economy-574	325	10	exchange	exchange	NOUN
economy-574	325	11	should	should	AUX
economy-574	325	12	be	be	AUX
economy-574	325	13	sought	seek	VERB
economy-574	325	14	through	through	ADP
economy-574	325	15	a	a	DET
economy-574	325	16	concrete	concrete	ADJ
economy-574	325	17	export	export	NOUN
economy-574	325	18	diversification	diversification	NOUN
economy-574	325	19	programme	programme	NOUN
economy-574	325	20	.	.	PUNCT
economy-574	326	1	references	reference	NOUN
economy-574	326	2	alaba	alaba	PROPN
economy-574	326	3	,	,	PUNCT
economy-574	326	4	o.b	o.b	PROPN
economy-574	326	5	.	.	PROPN
economy-574	326	6	,	,	PUNCT
economy-574	326	7	2003	2003	NUM
economy-574	326	8	.	.	PUNCT
economy-574	327	1	exchange	exchange	NOUN
economy-574	327	2	rate	rate	NOUN
economy-574	327	3	uncertainty	uncertainty	NOUN
economy-574	327	4	and	and	CCONJ
economy-574	327	5	foreign	foreign	ADJ
economy-574	327	6	direct	direct	ADJ
economy-574	327	7	investment	investment	NOUN
economy-574	327	8	in	in	ADP
economy-574	327	9	nigeria	nigeria	PROPN
economy-574	327	10	.	.	PUNCT
economy-574	328	1	in	in	ADP
economy-574	328	2	:	:	PUNCT
economy-574	328	3	wider	wide	ADJ
economy-574	328	4	conference	conference	NOUN
economy-574	328	5	on	on	ADP
economy-574	328	6	sharing	share	VERB
economy-574	328	7	global	global	ADJ
economy-574	328	8	prosperity	prosperity	NOUN
economy-574	328	9	.	.	PUNCT
economy-574	329	1	helsinki	helsinki	PROPN
economy-574	329	2	,	,	PUNCT
economy-574	329	3	finland	finland	PROPN
economy-574	329	4	:	:	PUNCT
economy-574	329	5	wider	wide	ADJ
economy-574	329	6	.	.	PUNCT
economy-574	330	1	allayannis	allayannis	PROPN
economy-574	330	2	,	,	PUNCT
economy-574	330	3	g.	g.	PROPN
economy-574	330	4	and	and	CCONJ
economy-574	330	5	e.	e.	PROPN
economy-574	330	6	ofek	ofek	PROPN
economy-574	330	7	,	,	PUNCT
economy-574	330	8	1997	1997	NUM
economy-574	330	9	.	.	PUNCT
economy-574	331	1	exchange	exchange	NOUN
economy-574	331	2	rate	rate	NOUN
economy-574	331	3	exposure	exposure	NOUN
economy-574	331	4	,	,	PUNCT
economy-574	331	5	hedging	hedging	NOUN
economy-574	331	6	and	and	CCONJ
economy-574	331	7	the	the	DET
economy-574	331	8	use	use	NOUN
economy-574	331	9	of	of	ADP
economy-574	331	10	foreign	foreign	ADJ
economy-574	331	11	currency	currency	NOUN
economy-574	331	12	derivatives	derivative	NOUN
economy-574	331	13	.	.	PUNCT
economy-574	332	1	department	department	NOUN
economy-574	332	2	of	of	ADP
economy-574	332	3	finance	finance	PROPN
economy-574	332	4	,	,	PUNCT
economy-574	332	5	new	new	PROPN
economy-574	332	6	york	york	PROPN
economy-574	332	7	university	university	PROPN
economy-574	332	8	working	working	PROPN
economy-574	332	9	paper	paper	NOUN
economy-574	332	10	series	series	NOUN
economy-574	332	11	,	,	PUNCT
economy-574	332	12	no	no	INTJ
economy-574	332	13	.	.	PUNCT
economy-574	333	1	fin-98	fin-98	NOUN
economy-574	333	2	-	-	PUNCT
economy-574	333	3	002	002	NUM
economy-574	333	4	.	.	PUNCT
economy-574	334	1	anoruo	anoruo	NOUN
economy-574	334	2	,	,	PUNCT
economy-574	334	3	e.	e.	PROPN
economy-574	334	4	,	,	PUNCT
economy-574	334	5	v.k	v.k	PROPN
economy-574	334	6	.	.	PROPN
economy-574	334	7	liew	liew	PROPN
economy-574	334	8	and	and	CCONJ
economy-574	334	9	u.	u.	PROPN
economy-574	334	10	elike	elike	PROPN
economy-574	334	11	,	,	PUNCT
economy-574	334	12	2006	2006	NUM
economy-574	334	13	.	.	PUNCT
economy-574	335	1	nonlinear	nonlinear	ADJ
economy-574	335	2	real	real	ADJ
economy-574	335	3	exchange	exchange	NOUN
economy-574	335	4	rate	rate	NOUN
economy-574	335	5	behaviour	behaviour	NOUN
economy-574	335	6	:	:	PUNCT
economy-574	335	7	are	be	AUX
economy-574	335	8	the	the	DET
economy-574	335	9	african	african	ADJ
economy-574	335	10	currencies	currency	NOUN
economy-574	335	11	exceptional	exceptional	ADJ
economy-574	335	12	?	?	PUNCT
economy-574	336	1	international	international	ADJ
economy-574	336	2	research	research	NOUN
economy-574	336	3	journal	journal	NOUN
economy-574	336	4	of	of	ADP
economy-574	336	5	finance	finance	NOUN
economy-574	336	6	and	and	CCONJ
economy-574	336	7	economics	economic	NOUN
economy-574	336	8	,	,	PUNCT
economy-574	336	9	1(1	1(1	NUM
economy-574	336	10	):	):	PUNCT
economy-574	336	11	98	98	NUM
economy-574	336	12	-	-	SYM
economy-574	336	13	111	111	NUM
economy-574	336	14	.	.	PUNCT
economy-574	337	1	benita	benita	PROPN
economy-574	337	2	,	,	PUNCT
economy-574	337	3	g.	g.	PROPN
economy-574	337	4	and	and	CCONJ
economy-574	337	5	b.	b.	PROPN
economy-574	337	6	lauterbach	lauterbach	PROPN
economy-574	337	7	,	,	PUNCT
economy-574	337	8	2007	2007	NUM
economy-574	337	9	.	.	PUNCT
economy-574	338	1	policy	policy	NOUN
economy-574	338	2	factors	factor	NOUN
economy-574	338	3	and	and	CCONJ
economy-574	338	4	exchange	exchange	NOUN
economy-574	338	5	rate	rate	NOUN
economy-574	338	6	volatility	volatility	NOUN
economy-574	338	7	:	:	PUNCT
economy-574	338	8	panel	panel	NOUN
economy-574	338	9	data	datum	NOUN
economy-574	338	10	versus	versus	ADP
economy-574	338	11	a	a	DET
economy-574	338	12	specific	specific	ADJ
economy-574	338	13	country	country	NOUN
economy-574	338	14	analysis	analysis	NOUN
economy-574	338	15	.	.	PUNCT
economy-574	339	1	international	international	ADJ
economy-574	339	2	research	research	PROPN
economy-574	339	3	journal	journal	NOUN
economy-574	339	4	of	of	ADP
economy-574	339	5	finance	finance	NOUN
economy-574	339	6	and	and	CCONJ
economy-574	339	7	economics	economic	NOUN
economy-574	339	8	,	,	PUNCT
economy-574	339	9	3(7	3(7	NUM
economy-574	339	10	):	):	PUNCT
economy-574	339	11	20	20	NUM
economy-574	339	12	-	-	SYM
economy-574	339	13	28	28	NUM
economy-574	339	14	.	.	PUNCT
economy-574	340	1	betts	betts	PROPN
economy-574	340	2	,	,	PUNCT
economy-574	340	3	c.m	c.m	PROPN
economy-574	340	4	.	.	PROPN
economy-574	340	5	and	and	CCONJ
economy-574	340	6	t.j	t.j	PROPN
economy-574	340	7	.	.	PROPN
economy-574	340	8	kehoe	kehoe	PROPN
economy-574	340	9	,	,	PUNCT
economy-574	340	10	2005	2005	NUM
economy-574	340	11	.	.	PUNCT
economy-574	341	1	u.s	u.s	PROPN
economy-574	341	2	.	.	PROPN
economy-574	341	3	real	real	ADJ
economy-574	341	4	exchange	exchange	NOUN
economy-574	341	5	rate	rate	NOUN
economy-574	341	6	fluctuations	fluctuation	NOUN
economy-574	341	7	and	and	CCONJ
economy-574	341	8	relative	relative	ADJ
economy-574	341	9	price	price	NOUN
economy-574	341	10	fluctuations	fluctuation	NOUN
economy-574	341	11	.	.	PUNCT
economy-574	342	1	federal	federal	PROPN
economy-574	342	2	reserve	reserve	PROPN
economy-574	342	3	bank	bank	PROPN
economy-574	342	4	of	of	ADP
economy-574	342	5	minneapolis	minneapolis	PROPN
economy-574	342	6	research	research	PROPN
economy-574	342	7	department	department	PROPN
economy-574	342	8	staff	staff	NOUN
economy-574	342	9	report	report	NOUN
economy-574	342	10	,	,	PUNCT
economy-574	342	11	no	no	INTJ
economy-574	342	12	.	.	NOUN
economy-574	342	13	334	334	NUM
economy-574	342	14	.	.	PUNCT
economy-574	343	1	cbn	cbn	PROPN
economy-574	343	2	,	,	PUNCT
economy-574	343	3	2010a	2010a	NUM
economy-574	343	4	.	.	PUNCT
economy-574	343	5	annual	annual	ADJ
economy-574	343	6	report	report	NOUN
economy-574	343	7	and	and	CCONJ
economy-574	343	8	financial	financial	ADJ
economy-574	343	9	statement	statement	NOUN
economy-574	343	10	for	for	ADP
economy-574	343	11	the	the	DET
economy-574	343	12	year	year	NOUN
economy-574	343	13	ended	end	VERB
economy-574	343	14	31st	31st	ADJ
economy-574	343	15	december	december	PROPN
economy-574	343	16	.	.	PUNCT
economy-574	344	1	central	central	PROPN
economy-574	344	2	bank	bank	PROPN
economy-574	344	3	of	of	ADP
economy-574	344	4	nigeria	nigeria	PROPN
economy-574	344	5	,	,	PUNCT
economy-574	344	6	2010	2010	NUM
economy-574	344	7	.	.	PUNCT
economy-574	345	1	statistical	statistical	ADJ
economy-574	345	2	bulletin	bulletin	NOUN
economy-574	345	3	.	.	PUNCT
economy-574	346	1	abuja	abuja	PROPN
economy-574	346	2	:	:	PUNCT
economy-574	346	3	cbn	cbn	PROPN
economy-574	346	4	.	.	PUNCT
economy-574	347	1	central	central	PROPN
economy-574	347	2	bank	bank	PROPN
economy-574	347	3	of	of	ADP
economy-574	347	4	nigeria	nigeria	PROPN
economy-574	347	5	,	,	PUNCT
economy-574	347	6	2010b	2010b	NUM
economy-574	347	7	.	.	PUNCT
economy-574	348	1	statistical	statistical	ADJ
economy-574	348	2	bulletin	bulletin	NOUN
economy-574	348	3	.	.	PUNCT
economy-574	349	1	abuja	abuja	PROPN
economy-574	349	2	:	:	PUNCT
economy-574	349	3	cbn	cbn	PROPN
economy-574	349	4	.	.	PUNCT
economy-574	350	1	cheong	cheong	PROPN
economy-574	350	2	,	,	PUNCT
economy-574	350	3	c.	c.	PROPN
economy-574	350	4	,	,	PUNCT
economy-574	350	5	2004	2004	NUM
economy-574	350	6	.	.	PUNCT
economy-574	351	1	does	do	AUX
economy-574	351	2	the	the	DET
economy-574	351	3	risk	risk	NOUN
economy-574	351	4	of	of	ADP
economy-574	351	5	exchange	exchange	NOUN
economy-574	351	6	rate	rate	NOUN
economy-574	351	7	fluctuation	fluctuation	NOUN
economy-574	351	8	really	really	ADV
economy-574	351	9	affect	affect	VERB
economy-574	351	10	international	international	ADJ
economy-574	351	11	trade	trade	NOUN
economy-574	351	12	flows	flow	NOUN
economy-574	351	13	between	between	ADP
economy-574	351	14	countries	country	NOUN
economy-574	351	15	?	?	PUNCT
economy-574	352	1	economics	economic	NOUN
economy-574	352	2	bulletin	bulletin	NOUN
economy-574	352	3	,	,	PUNCT
economy-574	352	4	6(4	6(4	NUM
economy-574	352	5	):	):	PUNCT
economy-574	352	6	1−8	1−8	NUM
economy-574	352	7	.	.	PUNCT
economy-574	353	1	choi	choi	NOUN
economy-574	353	2	,	,	PUNCT
economy-574	353	3	j.j	j.j	PROPN
economy-574	353	4	.	.	PROPN
economy-574	353	5	and	and	CCONJ
economy-574	353	6	a.	a.	PROPN
economy-574	353	7	prasad	prasad	PROPN
economy-574	353	8	,	,	PUNCT
economy-574	353	9	1995	1995	NUM
economy-574	353	10	.	.	PUNCT
economy-574	354	1	exchange	exchange	NOUN
economy-574	354	2	risk	risk	NOUN
economy-574	354	3	sensitivity	sensitivity	NOUN
economy-574	354	4	and	and	CCONJ
economy-574	354	5	its	its	PRON
economy-574	354	6	determinants	determinant	NOUN
economy-574	354	7	:	:	PUNCT
economy-574	354	8	a	a	DET
economy-574	354	9	firm	firm	ADJ
economy-574	354	10	and	and	CCONJ
economy-574	354	11	industry	industry	NOUN
economy-574	354	12	analysis	analysis	NOUN
economy-574	354	13	of	of	ADP
economy-574	354	14	u.s	u.s	PROPN
economy-574	354	15	.	.	PROPN
economy-574	354	16	multinationals	multinational	NOUN
economy-574	354	17	.	.	PUNCT
economy-574	355	1	financial	financial	ADJ
economy-574	355	2	management	management	NOUN
economy-574	355	3	,	,	PUNCT
economy-574	355	4	autumn	autumn	NOUN
economy-574	355	5	,	,	PUNCT
economy-574	355	6	24(3	24(3	NUM
economy-574	355	7	):	):	PUNCT
economy-574	355	8	77	77	NUM
economy-574	355	9	-	-	SYM
economy-574	355	10	88	88	NUM
economy-574	355	11	.	.	PUNCT
economy-574	356	1	chong	chong	PROPN
economy-574	356	2	,	,	PUNCT
economy-574	356	3	l.l	l.l	PROPN
economy-574	356	4	.	.	PROPN
economy-574	356	5	and	and	CCONJ
economy-574	356	6	h.b	h.b	PROPN
economy-574	356	7	.	.	PROPN
economy-574	356	8	tan	tan	PROPN
economy-574	356	9	,	,	PUNCT
economy-574	356	10	2008	2008	NUM
economy-574	356	11	.	.	PUNCT
economy-574	357	1	exchange	exchange	NOUN
economy-574	357	2	rate	rate	NOUN
economy-574	357	3	risk	risk	NOUN
economy-574	357	4	and	and	CCONJ
economy-574	357	5	macroeconomic	macroeconomic	ADJ
economy-574	357	6	fundamentals	fundamental	NOUN
economy-574	357	7	:	:	PUNCT
economy-574	357	8	evidence	evidence	NOUN
economy-574	357	9	from	from	ADP
economy-574	357	10	four	four	NUM
economy-574	357	11	neighbouring	neighbouring	ADJ
economy-574	357	12	southeast	southeast	ADJ
economy-574	357	13	asian	asian	ADJ
economy-574	357	14	economies	economy	NOUN
economy-574	357	15	.	.	PUNCT
economy-574	358	1	international	international	ADJ
economy-574	358	2	research	research	PROPN
economy-574	358	3	journal	journal	NOUN
economy-574	358	4	of	of	ADP
economy-574	358	5	finance	finance	NOUN
economy-574	358	6	and	and	CCONJ
economy-574	358	7	economics	economic	NOUN
economy-574	358	8	,	,	PUNCT
economy-574	358	9	16	16	NUM
economy-574	358	10	:	:	PUNCT
economy-574	358	11	88–95	88–95	NUM
economy-574	358	12	.	.	PUNCT
economy-574	359	1	darby	darby	PROPN
economy-574	359	2	,	,	PUNCT
economy-574	359	3	j.	j.	PROPN
economy-574	359	4	,	,	PUNCT
economy-574	359	5	a.h	a.h	PROPN
economy-574	359	6	.	.	PROPN
economy-574	359	7	hallet	hallet	PROPN
economy-574	359	8	,	,	PUNCT
economy-574	359	9	j.	j.	PROPN
economy-574	359	10	ireland	ireland	PROPN
economy-574	359	11	and	and	CCONJ
economy-574	359	12	l.	l.	PROPN
economy-574	359	13	piscitelli	piscitelli	PROPN
economy-574	359	14	,	,	PUNCT
economy-574	359	15	1999	1999	NUM
economy-574	359	16	.	.	PUNCT
economy-574	360	1	exchange	exchange	NOUN
economy-574	360	2	rate	rate	NOUN
economy-574	360	3	uncertainty	uncertainty	NOUN
economy-574	360	4	and	and	CCONJ
economy-574	360	5	business	business	NOUN
economy-574	360	6	sector	sector	NOUN
economy-574	360	7	investment	investment	NOUN
economy-574	360	8	.	.	PUNCT
economy-574	361	1	a	a	DET
economy-574	361	2	workshop	workshop	NOUN
economy-574	361	3	on	on	ADP
economy-574	361	4	uncertainty	uncertainty	NOUN
economy-574	361	5	and	and	CCONJ
economy-574	361	6	factor	factor	NOUN
economy-574	361	7	demand	demand	NOUN
economy-574	361	8	.	.	PUNCT
economy-574	362	1	hamburg	hamburg	PROPN
economy-574	362	2	,	,	PUNCT
economy-574	362	3	august	august	PROPN
economy-574	362	4	.	.	PUNCT
economy-574	363	1	dekle	dekle	PROPN
economy-574	363	2	,	,	PUNCT
economy-574	363	3	r.	r.	PROPN
economy-574	363	4	and	and	CCONJ
economy-574	363	5	h.	h.	PROPN
economy-574	363	6	ryoo	ryoo	PROPN
economy-574	363	7	,	,	PUNCT
economy-574	363	8	2002	2002	NUM
economy-574	363	9	.	.	PUNCT
economy-574	364	1	exchange	exchange	NOUN
economy-574	364	2	rate	rate	NOUN
economy-574	364	3	fluctuations	fluctuation	NOUN
economy-574	364	4	,	,	PUNCT
economy-574	364	5	financing	financing	NOUN
economy-574	364	6	constraints	constraint	NOUN
economy-574	364	7	,	,	PUNCT
economy-574	364	8	hedging	hedging	NOUN
economy-574	364	9	,	,	PUNCT
economy-574	364	10	and	and	CCONJ
economy-574	364	11	exports	export	NOUN
economy-574	364	12	:	:	PUNCT
economy-574	364	13	evidence	evidence	NOUN
economy-574	364	14	from	from	ADP
economy-574	364	15	firm	firm	ADJ
economy-574	364	16	level	level	NOUN
economy-574	364	17	data	datum	NOUN
economy-574	364	18	.	.	PUNCT
economy-574	365	1	department	department	NOUN
economy-574	365	2	of	of	ADP
economy-574	365	3	economics	economic	NOUN
economy-574	365	4	,	,	PUNCT
economy-574	365	5	university	university	NOUN
economy-574	365	6	of	of	ADP
economy-574	365	7	southern	southern	PROPN
economy-574	365	8	california	california	PROPN
economy-574	365	9	,	,	PUNCT
economy-574	365	10	17(5	17(5	NUM
economy-574	365	11	):	):	PUNCT
economy-574	365	12	437	437	NUM
economy-574	365	13	-	-	SYM
economy-574	365	14	451	451	NUM
economy-574	365	15	.	.	PUNCT
economy-574	366	1	delude	delude	VERB
economy-574	366	2	,	,	PUNCT
economy-574	366	3	p.	p.	NOUN
economy-574	366	4	,	,	PUNCT
economy-574	366	5	1999	1999	NUM
economy-574	366	6	.	.	PUNCT
economy-574	367	1	sustainable	sustainable	ADJ
economy-574	367	2	growth	growth	NOUN
economy-574	367	3	in	in	ADP
economy-574	367	4	nigeria	nigeria	PROPN
economy-574	367	5	.	.	PUNCT
economy-574	368	1	social	social	ADJ
economy-574	368	2	science	science	NOUN
economy-574	368	3	,	,	PUNCT
economy-574	368	4	410	410	NUM
economy-574	368	5	.	.	PUNCT
economy-574	369	1	dominguez	dominguez	PROPN
economy-574	369	2	,	,	PUNCT
economy-574	369	3	k.m.e	k.m.e	PROPN
economy-574	369	4	.	.	PUNCT
economy-574	369	5	and	and	CCONJ
economy-574	369	6	l.l	l.l	PROPN
economy-574	369	7	.	.	PROPN
economy-574	369	8	tesar	tesar	PROPN
economy-574	369	9	,	,	PUNCT
economy-574	369	10	2006	2006	NUM
economy-574	369	11	.	.	PUNCT
economy-574	370	1	exchange	exchange	NOUN
economy-574	370	2	rate	rate	NOUN
economy-574	370	3	exposure	exposure	NOUN
economy-574	370	4	.	.	PUNCT
economy-574	371	1	journal	journal	NOUN
economy-574	371	2	of	of	ADP
economy-574	371	3	international	international	ADJ
economy-574	371	4	economics	economic	NOUN
economy-574	371	5	,	,	PUNCT
economy-574	371	6	68(1	68(1	NOUN
economy-574	371	7	):	):	PUNCT
economy-574	371	8	188–218	188–218	NUM
economy-574	371	9	.	.	PUNCT
economy-574	372	1	engel	engel	PROPN
economy-574	372	2	,	,	PUNCT
economy-574	372	3	c.	c.	PROPN
economy-574	372	4	,	,	PUNCT
economy-574	372	5	1999	1999	NUM
economy-574	372	6	.	.	PUNCT
economy-574	373	1	accounting	account	VERB
economy-574	373	2	for	for	ADP
economy-574	373	3	u.s	u.s	PROPN
economy-574	373	4	.	.	PROPN
economy-574	373	5	real	real	ADJ
economy-574	373	6	exchange	exchange	NOUN
economy-574	373	7	rate	rate	NOUN
economy-574	373	8	changes	change	NOUN
economy-574	373	9	.	.	PUNCT
economy-574	374	1	journal	journal	NOUN
economy-574	374	2	of	of	ADP
economy-574	374	3	political	political	ADJ
economy-574	374	4	economy	economy	NOUN
economy-574	374	5	,	,	PUNCT
economy-574	374	6	107(3	107(3	NUM
economy-574	374	7	):	):	PUNCT
economy-574	374	8	507	507	NUM
economy-574	374	9	-	-	SYM
economy-574	374	10	538	538	NUM
economy-574	374	11	.	.	PUNCT
economy-574	375	1	fouquin	fouquin	PROPN
economy-574	375	2	,	,	PUNCT
economy-574	375	3	m.	m.	NOUN
economy-574	375	4	,	,	PUNCT
economy-574	375	5	k.	k.	PROPN
economy-574	375	6	sekkat	sekkat	PROPN
economy-574	375	7	,	,	PUNCT
economy-574	375	8	j.m	j.m	PROPN
economy-574	375	9	.	.	PROPN
economy-574	375	10	mansour	mansour	PROPN
economy-574	375	11	,	,	PUNCT
economy-574	375	12	n.	n.	PROPN
economy-574	375	13	mulder	mulder	PROPN
economy-574	375	14	and	and	CCONJ
economy-574	375	15	l.	l.	PROPN
economy-574	375	16	nayman	nayman	PROPN
economy-574	375	17	,	,	PUNCT
economy-574	375	18	2001	2001	NUM
economy-574	375	19	.	.	PUNCT
economy-574	376	1	sector	sector	NOUN
economy-574	376	2	sensitivity	sensitivity	NOUN
economy-574	376	3	to	to	PART
economy-574	376	4	exchange	exchange	VERB
economy-574	376	5	rate	rate	NOUN
economy-574	376	6	fluctuations	fluctuation	NOUN
economy-574	376	7	.	.	PUNCT
economy-574	377	1	cepii	cepii	ADJ
economy-574	377	2	working	working	NOUN
economy-574	377	3	paper	paper	NOUN
economy-574	377	4	.	.	PUNCT
economy-574	378	1	hanias	hania	NOUN
economy-574	378	2	,	,	PUNCT
economy-574	378	3	m.p	m.p	PROPN
economy-574	378	4	.	.	PROPN
economy-574	378	5	and	and	CCONJ
economy-574	378	6	p.g	p.g	PROPN
economy-574	378	7	.	.	PROPN
economy-574	378	8	curtis	curtis	PROPN
economy-574	378	9	,	,	PUNCT
economy-574	378	10	2008	2008	NUM
economy-574	378	11	.	.	PUNCT
economy-574	379	1	time	time	PROPN
economy-574	379	2	series	series	PROPN
economy-574	379	3	prediction	prediction	NOUN
economy-574	379	4	of	of	ADP
economy-574	379	5	dollar\euro	dollar\euro	NUM
economy-574	379	6	exchange	exchange	NOUN
economy-574	379	7	rate	rate	NOUN
economy-574	379	8	index	index	NOUN
economy-574	379	9	.	.	PUNCT
economy-574	380	1	international	international	ADJ
economy-574	380	2	research	research	PROPN
economy-574	380	3	journal	journal	NOUN
economy-574	380	4	of	of	ADP
economy-574	380	5	finance	finance	NOUN
economy-574	380	6	and	and	CCONJ
economy-574	380	7	economics	economic	NOUN
economy-574	380	8	,	,	PUNCT
economy-574	380	9	15(15	15(15	NUM
economy-574	380	10	):	):	PUNCT
economy-574	380	11	232	232	NUM
economy-574	380	12	-	-	SYM
economy-574	380	13	239	239	NUM
economy-574	380	14	.	.	PUNCT
economy-574	381	1	hoque	hoque	NOUN
economy-574	381	2	,	,	PUNCT
economy-574	381	3	a.	a.	NOUN
economy-574	381	4	,	,	PUNCT
economy-574	381	5	1993	1993	NUM
economy-574	381	6	.	.	PUNCT
economy-574	382	1	specifying	specify	VERB
economy-574	382	2	an	an	DET
economy-574	382	3	economic	economic	ADJ
economy-574	382	4	model	model	NOUN
economy-574	382	5	combining	combine	VERB
economy-574	382	6	mixed	mixed	ADJ
economy-574	382	7	expectations	expectation	NOUN
economy-574	382	8	and	and	CCONJ
economy-574	382	9	random	random	ADJ
economy-574	382	10	coefficient	coefficient	NOUN
economy-574	382	11	models	model	NOUN
economy-574	382	12	.	.	PUNCT
economy-574	383	1	international	international	ADJ
economy-574	383	2	review	review	NOUN
economy-574	383	3	of	of	ADP
economy-574	383	4	economics	economic	NOUN
economy-574	383	5	and	and	CCONJ
economy-574	383	6	finance	finance	NOUN
economy-574	383	7	,	,	PUNCT
economy-574	383	8	2(3	2(3	NUM
economy-574	383	9	):	):	PUNCT
economy-574	383	10	317	317	NUM
economy-574	383	11	-	-	SYM
economy-574	383	12	326	326	NUM
economy-574	383	13	.	.	PUNCT
economy-574	384	1	hoque	hoque	NOUN
economy-574	384	2	,	,	PUNCT
economy-574	384	3	a.	a.	NOUN
economy-574	384	4	and	and	CCONJ
economy-574	384	5	n.	n.	PROPN
economy-574	384	6	al	al	PROPN
economy-574	384	7	-	-	PUNCT
economy-574	384	8	mutari	mutari	NOUN
economy-574	384	9	,	,	PUNCT
economy-574	384	10	1996	1996	NUM
economy-574	384	11	.	.	PUNCT
economy-574	385	1	financial	financial	ADJ
economy-574	385	2	deregulation	deregulation	NOUN
economy-574	385	3	,	,	PUNCT
economy-574	385	4	demand	demand	NOUN
economy-574	385	5	for	for	ADP
economy-574	385	6	narrow	narrow	ADJ
economy-574	385	7	money	money	NOUN
economy-574	385	8	and	and	CCONJ
economy-574	385	9	monetary	monetary	ADJ
economy-574	385	10	policy	policy	NOUN
economy-574	385	11	in	in	ADP
economy-574	385	12	australia	australia	PROPN
economy-574	385	13	.	.	PUNCT
economy-574	386	1	applied	apply	VERB
economy-574	386	2	financial	financial	ADJ
economy-574	386	3	economics	economic	NOUN
economy-574	386	4	,	,	PUNCT
economy-574	386	5	6(4	6(4	NUM
economy-574	386	6	):	):	PUNCT
economy-574	386	7	301	301	NUM
economy-574	386	8	-	-	SYM
economy-574	386	9	305	305	NUM
economy-574	386	10	.	.	PUNCT
economy-574	387	1	kandil	kandil	PROPN
economy-574	387	2	,	,	PUNCT
economy-574	387	3	m.	m.	NOUN
economy-574	387	4	,	,	PUNCT
economy-574	387	5	2004	2004	NUM
economy-574	387	6	.	.	PUNCT
economy-574	388	1	exchange	exchange	NOUN
economy-574	388	2	rate	rate	NOUN
economy-574	388	3	fluctuations	fluctuation	NOUN
economy-574	388	4	and	and	CCONJ
economy-574	388	5	economic	economic	ADJ
economy-574	388	6	activity	activity	NOUN
economy-574	388	7	in	in	ADP
economy-574	388	8	developing	develop	VERB
economy-574	388	9	countries	country	NOUN
economy-574	388	10	:	:	PUNCT
economy-574	388	11	theory	theory	NOUN
economy-574	388	12	and	and	CCONJ
economy-574	388	13	evidence	evidence	NOUN
economy-574	388	14	.	.	PUNCT
economy-574	389	1	journal	journal	NOUN
economy-574	389	2	of	of	ADP
economy-574	389	3	economic	economic	ADJ
economy-574	389	4	development	development	NOUN
economy-574	389	5	,	,	PUNCT
economy-574	389	6	29(1	29(1	NUM
economy-574	389	7	):	):	PUNCT
economy-574	389	8	85	85	NUM
economy-574	389	9	-	-	SYM
economy-574	389	10	108	108	NUM
economy-574	389	11	.	.	PUNCT
economy-574	390	1	khan	khan	PROPN
economy-574	390	2	,	,	PUNCT
economy-574	390	3	m.l	m.l	PROPN
economy-574	390	4	.	.	PROPN
economy-574	390	5	,	,	PUNCT
economy-574	390	6	s.d	s.d	PROPN
economy-574	390	7	.	.	PROPN
economy-574	390	8	mohammad	mohammad	PROPN
economy-574	390	9	and	and	CCONJ
economy-574	390	10	alamgir	alamgir	PROPN
economy-574	390	11	,	,	PUNCT
economy-574	390	12	2010	2010	NUM
economy-574	390	13	.	.	PUNCT
economy-574	391	1	the	the	DET
economy-574	391	2	sources	source	NOUN
economy-574	391	3	of	of	ADP
economy-574	391	4	real	real	ADJ
economy-574	391	5	exchange	exchange	NOUN
economy-574	391	6	rate	rate	NOUN
economy-574	391	7	fluctuations	fluctuation	NOUN
economy-574	391	8	in	in	ADP
economy-574	391	9	pakistan	pakistan	PROPN
economy-574	391	10	.	.	PUNCT
economy-574	392	1	european	european	PROPN
economy-574	392	2	journal	journal	PROPN
economy-574	392	3	of	of	ADP
economy-574	392	4	social	social	ADJ
economy-574	392	5	sciences	science	NOUN
economy-574	392	6	,	,	PUNCT
economy-574	392	7	14(1	14(1	NUM
economy-574	392	8	):	):	PUNCT
economy-574	392	9	34	34	NUM
economy-574	392	10	-	-	SYM
economy-574	392	11	43	43	NUM
economy-574	392	12	.	.	PUNCT
economy-574	393	1	economy	economy	NOUN
economy-574	393	2	,	,	PUNCT
economy-574	393	3	2016	2016	NUM
economy-574	393	4	,	,	PUNCT
economy-574	393	5	3(1	3(1	NUM
economy-574	393	6	):	):	PUNCT
economy-574	393	7	40	40	NUM
economy-574	393	8	-	-	SYM
economy-574	393	9	50	50	NUM
economy-574	393	10	50	50	NUM
economy-574	393	11	kiptui	kiptui	ADJ
economy-574	393	12	,	,	PUNCT
economy-574	393	13	m.	m.	NOUN
economy-574	393	14	,	,	PUNCT
economy-574	393	15	d.	d.	PROPN
economy-574	393	16	ndolo	ndolo	PROPN
economy-574	393	17	and	and	CCONJ
economy-574	393	18	s.	s.	PROPN
economy-574	393	19	kaminchia	kaminchia	PROPN
economy-574	393	20	,	,	PUNCT
economy-574	393	21	2005	2005	NUM
economy-574	393	22	.	.	PUNCT
economy-574	394	1	exchange	exchange	NOUN
economy-574	394	2	rate	rate	NOUN
economy-574	394	3	pass	pass	NOUN
economy-574	394	4	-	-	PUNCT
economy-574	394	5	through	through	NOUN
economy-574	394	6	:	:	PUNCT
economy-574	395	1	to	to	ADP
economy-574	395	2	what	what	DET
economy-574	395	3	extent	extent	NOUN
economy-574	395	4	do	do	AUX
economy-574	395	5	exchange	exchange	NOUN
economy-574	395	6	rate	rate	NOUN
economy-574	395	7	fluctuations	fluctuation	NOUN
economy-574	395	8	affect	affect	VERB
economy-574	395	9	import	import	NOUN
economy-574	395	10	prices	price	NOUN
economy-574	395	11	and	and	CCONJ
economy-574	395	12	inflation	inflation	NOUN
economy-574	395	13	in	in	ADP
economy-574	395	14	kenya	kenya	PROPN
economy-574	395	15	?	?	PUNCT
economy-574	396	1	central	central	ADJ
economy-574	396	2	bank	bank	PROPN
economy-574	396	3	of	of	ADP
economy-574	396	4	kenya	kenya	PROPN
economy-574	396	5	working	working	PROPN
economy-574	396	6	paper	paper	PROPN
economy-574	396	7	no	no	INTJ
economy-574	396	8	.	.	NOUN
economy-574	397	1	1	1	X
economy-574	397	2	.	.	X
economy-574	397	3	lipsey	lipsey	PROPN
economy-574	397	4	,	,	PUNCT
economy-574	397	5	r.g	r.g	PROPN
economy-574	397	6	.	.	PROPN
economy-574	397	7	and	and	CCONJ
economy-574	397	8	k.a	k.a	PROPN
economy-574	397	9	.	.	PROPN
economy-574	397	10	chrystal	chrystal	PROPN
economy-574	397	11	,	,	PUNCT
economy-574	397	12	1995	1995	NUM
economy-574	397	13	.	.	PUNCT
economy-574	398	1	an	an	DET
economy-574	398	2	introduction	introduction	NOUN
economy-574	398	3	to	to	ADP
economy-574	398	4	positive	positive	ADJ
economy-574	398	5	economics	economic	NOUN
economy-574	398	6	.	.	PUNCT
economy-574	399	1	8th	8th	ADJ
economy-574	399	2	edn	edn	NOUN
economy-574	399	3	.	.	PUNCT
economy-574	399	4	,	,	PUNCT
economy-574	399	5	oxford	oxford	PROPN
economy-574	399	6	:	:	PUNCT
economy-574	399	7	oxford	oxford	PROPN
economy-574	399	8	university	university	PROPN
economy-574	399	9	press	press	NOUN
economy-574	399	10	.	.	PUNCT
economy-574	400	1	macdonald	macdonald	PROPN
economy-574	400	2	,	,	PUNCT
economy-574	400	3	r.	r.	PROPN
economy-574	400	4	,	,	PUNCT
economy-574	400	5	1997	1997	NUM
economy-574	400	6	.	.	PUNCT
economy-574	401	1	what	what	PRON
economy-574	401	2	determines	determine	VERB
economy-574	401	3	real	real	ADJ
economy-574	401	4	exchange	exchange	NOUN
economy-574	401	5	rates	rate	NOUN
economy-574	401	6	?	?	PUNCT
economy-574	402	1	the	the	DET
economy-574	402	2	long	long	ADJ
economy-574	402	3	and	and	CCONJ
economy-574	402	4	short	short	ADJ
economy-574	402	5	of	of	ADP
economy-574	402	6	it	it	PRON
economy-574	402	7	.	.	PUNCT
economy-574	403	1	imf	imf	PROPN
economy-574	403	2	working	working	PROPN
economy-574	403	3	paper	paper	NOUN
economy-574	403	4	,	,	PUNCT
economy-574	403	5	no	no	INTJ
economy-574	403	6	.	.	PUNCT
economy-574	404	1	wp/97/21	wp/97/21	NOUN
economy-574	404	2	.	.	PUNCT
economy-574	405	1	mahidhar	mahidhar	PROPN
economy-574	405	2	,	,	PUNCT
economy-574	405	3	v.	v.	ADP
economy-574	405	4	,	,	PUNCT
economy-574	405	5	2006	2006	NUM
economy-574	405	6	.	.	PUNCT
economy-574	406	1	managing	manage	VERB
economy-574	406	2	in	in	ADP
economy-574	406	3	the	the	DET
economy-574	406	4	face	face	NOUN
economy-574	406	5	of	of	ADP
economy-574	406	6	exchange	exchange	NOUN
economy-574	406	7	-	-	PUNCT
economy-574	406	8	rate	rate	NOUN
economy-574	406	9	uncertainty	uncertainty	NOUN
economy-574	406	10	:	:	PUNCT
economy-574	406	11	a	a	DET
economy-574	406	12	case	case	NOUN
economy-574	406	13	for	for	ADP
economy-574	406	14	operational	operational	ADJ
economy-574	406	15	hedging	hedging	NOUN
economy-574	406	16	.	.	PUNCT
economy-574	407	1	boston	boston	PROPN
economy-574	407	2	,	,	PUNCT
economy-574	407	3	ma	ma	PROPN
economy-574	407	4	:	:	PUNCT
economy-574	407	5	deloitte	deloitte	PROPN
economy-574	407	6	research	research	PROPN
economy-574	407	7	study	study	PROPN
economy-574	407	8	,	,	PUNCT
economy-574	407	9	deloitte	deloitte	PROPN
economy-574	407	10	.	.	PUNCT
economy-574	408	1	mohammad	mohammad	PROPN
economy-574	408	2	,	,	PUNCT
economy-574	408	3	s.d	s.d	PROPN
economy-574	408	4	.	.	PROPN
economy-574	408	5	,	,	PUNCT
economy-574	408	6	2010	2010	NUM
economy-574	408	7	.	.	PUNCT
economy-574	409	1	the	the	DET
economy-574	409	2	euro	euro	PROPN
economy-574	409	3	dollar	dollar	NOUN
economy-574	409	4	exchange	exchange	NOUN
economy-574	409	5	rates	rate	NOUN
economy-574	409	6	and	and	CCONJ
economy-574	409	7	pakistan	pakistan	PROPN
economy-574	409	8	macroeconomics	macroeconomic	NOUN
economy-574	409	9	dynamics	dynamic	NOUN
economy-574	409	10	.	.	PUNCT
economy-574	410	1	european	european	PROPN
economy-574	410	2	journal	journal	PROPN
economy-574	410	3	of	of	ADP
economy-574	410	4	scientific	scientific	ADJ
economy-574	410	5	research	research	NOUN
economy-574	410	6	,	,	PUNCT
economy-574	410	7	42(1	42(1	NOUN
economy-574	410	8	):	):	PUNCT
economy-574	410	9	6	6	NUM
economy-574	410	10	-	-	SYM
economy-574	410	11	15	15	NUM
economy-574	410	12	.	.	PUNCT
economy-574	411	1	sekkat	sekkat	PROPN
economy-574	411	2	,	,	PUNCT
economy-574	411	3	k.	k.	PROPN
economy-574	411	4	and	and	CCONJ
economy-574	411	5	j.k	j.k	PROPN
economy-574	411	6	.	.	PROPN
economy-574	411	7	mansour	mansour	PROPN
economy-574	411	8	,	,	PUNCT
economy-574	411	9	2000	2000	NUM
economy-574	411	10	.	.	PUNCT
economy-574	412	1	imperfect	imperfect	ADJ
economy-574	412	2	competition	competition	NOUN
economy-574	412	3	and	and	CCONJ
economy-574	412	4	sectoral	sectoral	ADJ
economy-574	412	5	sensitivity	sensitivity	NOUN
economy-574	412	6	to	to	PART
economy-574	412	7	exchange	exchange	VERB
economy-574	412	8	rate	rate	NOUN
economy-574	412	9	fluctuations	fluctuation	NOUN
economy-574	412	10	in	in	ADP
economy-574	412	11	europe	europe	PROPN
economy-574	412	12	.	.	PUNCT
economy-574	413	1	dulbea	dulbea	PROPN
economy-574	413	2	,	,	PUNCT
economy-574	413	3	ecare	ecare	PROPN
economy-574	413	4	,	,	PUNCT
economy-574	413	5	université	université	PROPN
economy-574	413	6	libre	libre	PROPN
economy-574	413	7	de	de	X
economy-574	413	8	bruxelles	bruxelles	PROPN
economy-574	413	9	.	.	PUNCT
economy-574	414	1	utomi	utomi	NOUN
economy-574	414	2	,	,	PUNCT
economy-574	414	3	p.	p.	NOUN
economy-574	414	4	,	,	PUNCT
economy-574	414	5	2004	2004	NUM
economy-574	414	6	.	.	PUNCT
economy-574	415	1	the	the	DET
economy-574	415	2	oil	oil	NOUN
economy-574	415	3	curse	curse	NOUN
economy-574	415	4	.	.	PUNCT
economy-574	416	1	paper	paper	NOUN
economy-574	416	2	delivered	deliver	VERB
economy-574	416	3	for	for	ADP
economy-574	416	4	heinrich	heinrich	PROPN
economy-574	416	5	boll	boll	PROPN
economy-574	416	6	foundation	foundation	PROPN
economy-574	416	7	oil	oil	NOUN
economy-574	416	8	conference	conference	NOUN
economy-574	416	9	.	.	PUNCT
economy-574	417	1	available	available	ADJ
economy-574	417	2	www.boell.de/downloads/oelkonferenz/the_curse_of_oil_pat_utomi.pdf	www.boell.de/downloads/oelkonferenz/the_curse_of_oil_pat_utomi.pdf	X
economy-574	418	1	[	[	X
economy-574	418	2	accessed	access	VERB
economy-574	418	3	accessed	access	VERB
economy-574	418	4	02/05/09	02/05/09	PROPN
economy-574	418	5	]	]	X
economy-574	418	6	.	.	PUNCT
economy-574	419	1	asian	asian	ADJ
economy-574	419	2	online	online	PROPN
economy-574	419	3	journal	journal	PROPN
economy-574	419	4	publishing	publishing	NOUN
economy-574	419	5	group	group	NOUN
economy-574	419	6	is	be	AUX
economy-574	419	7	not	not	PART
economy-574	419	8	responsible	responsible	ADJ
economy-574	419	9	or	or	CCONJ
economy-574	419	10	answerable	answerable	ADJ
economy-574	419	11	for	for	ADP
economy-574	419	12	any	any	DET
economy-574	419	13	loss	loss	NOUN
economy-574	419	14	,	,	PUNCT
economy-574	419	15	damage	damage	NOUN
economy-574	419	16	or	or	CCONJ
economy-574	419	17	liability	liability	NOUN
economy-574	419	18	,	,	PUNCT
economy-574	419	19	etc	etc	X
economy-574	419	20	.	.	X
economy-574	419	21	caused	cause	VERB
economy-574	419	22	in	in	ADP
economy-574	419	23	relation	relation	NOUN
economy-574	419	24	to	to	PART
economy-574	419	25	/	/	PUNCT
economy-574	419	26	arising	arise	VERB
economy-574	419	27	out	out	ADP
economy-574	419	28	of	of	ADP
economy-574	419	29	the	the	DET
economy-574	419	30	use	use	NOUN
economy-574	419	31	of	of	ADP
economy-574	419	32	the	the	DET
economy-574	419	33	content	content	NOUN
economy-574	419	34	.	.	PUNCT
economy-574	420	1	any	any	DET
economy-574	420	2	queries	query	NOUN
economy-574	420	3	should	should	AUX
economy-574	420	4	be	be	AUX
economy-574	420	5	directed	direct	VERB
economy-574	420	6	to	to	ADP
economy-574	420	7	the	the	DET
economy-574	420	8	corresponding	corresponding	ADJ
economy-574	420	9	author	author	NOUN
economy-574	420	10	of	of	ADP
economy-574	420	11	the	the	DET
economy-574	420	12	article	article	NOUN
economy-574	420	13	.	.	PUNCT
economy-574	421	1	http://www.boell.de/downloads/oelkonferenz/the_curse_of_oil_pat_utomi.pdf	http://www.boell.de/downloads/oelkonferenz/the_curse_of_oil_pat_utomi.pdf	PROPN