id	sid	tid	token	lemma	pos
easat-4440	1	1	edelweiss	edelweiss	PROPN
easat-4440	1	2	applied	apply	VERB
easat-4440	1	3	science	science	NOUN
easat-4440	1	4	and	and	CCONJ
easat-4440	1	5	technology	technology	NOUN
easat-4440	1	6	issn	issn	PROPN
easat-4440	1	7	:	:	PUNCT
easat-4440	1	8	2576	2576	NUM
easat-4440	1	9	-	-	SYM
easat-4440	1	10	8484	8484	NUM
easat-4440	1	11	vol	vol	NOUN
easat-4440	1	12	.	.	PROPN
easat-4440	2	1	9	9	NUM
easat-4440	2	2	,	,	PUNCT
easat-4440	2	3	no	no	INTJ
easat-4440	2	4	.	.	NOUN
easat-4440	2	5	2	2	NUM
easat-4440	2	6	,	,	PUNCT
easat-4440	2	7	144	144	NUM
easat-4440	2	8	-	-	SYM
easat-4440	2	9	159	159	NUM
easat-4440	2	10	2025	2025	NUM
easat-4440	2	11	publisher	publisher	NOUN
easat-4440	2	12	:	:	PUNCT
easat-4440	2	13	learning	learn	VERB
easat-4440	2	14	gate	gate	NOUN
easat-4440	2	15	doi	doi	PROPN
easat-4440	2	16	:	:	PUNCT
easat-4440	2	17	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	2	18	©	©	PROPN
easat-4440	2	19	2025	2025	NUM
easat-4440	2	20	by	by	ADP
easat-4440	2	21	the	the	DET
easat-4440	2	22	authors	author	NOUN
easat-4440	2	23	;	;	PUNCT
easat-4440	3	1	licensee	licensee	PROPN
easat-4440	3	2	learning	learning	NOUN
easat-4440	3	3	gate	gate	NOUN
easat-4440	3	4	©	©	PROPN
easat-4440	3	5	2024	2024	NUM
easat-4440	3	6	by	by	ADP
easat-4440	3	7	the	the	DET
easat-4440	3	8	authors	author	NOUN
easat-4440	3	9	;	;	PUNCT
easat-4440	3	10	licensee	licensee	PROPN
easat-4440	3	11	learning	learning	NOUN
easat-4440	3	12	gate	gate	NOUN
easat-4440	3	13	history	history	NOUN
easat-4440	3	14	:	:	PUNCT
easat-4440	3	15	received	receive	VERB
easat-4440	3	16	:	:	PUNCT
easat-4440	3	17	13	13	NUM
easat-4440	3	18	november	november	PROPN
easat-4440	3	19	2024	2024	NUM
easat-4440	3	20	;	;	PUNCT
easat-4440	3	21	revised	revise	VERB
easat-4440	3	22	:	:	PUNCT
easat-4440	3	23	13	13	NUM
easat-4440	3	24	january	january	NOUN
easat-4440	3	25	2025	2025	NUM
easat-4440	3	26	;	;	PUNCT
easat-4440	3	27	accepted	accept	VERB
easat-4440	3	28	:	:	PUNCT
easat-4440	3	29	18	18	NUM
easat-4440	3	30	january	january	NOUN
easat-4440	3	31	2025	2025	NUM
easat-4440	3	32	;	;	PUNCT
easat-4440	3	33	published	publish	VERB
easat-4440	3	34	:	:	PUNCT
easat-4440	4	1	25	25	NUM
easat-4440	4	2	january	january	NOUN
easat-4440	4	3	2025	2025	NUM
easat-4440	4	4	*	*	PUNCT
easat-4440	4	5	correspondence	correspondence	NOUN
easat-4440	4	6	:	:	PUNCT
easat-4440	5	1	tubayildiz@mku.edu.tr	tubayildiz@mku.edu.tr	PROPN
easat-4440	5	2	institutional	institutional	ADJ
easat-4440	5	3	factors	factor	NOUN
easat-4440	5	4	and	and	CCONJ
easat-4440	5	5	economic	economic	ADJ
easat-4440	5	6	policy	policy	NOUN
easat-4440	5	7	uncertainty	uncertainty	NOUN
easat-4440	5	8	:	:	PUNCT
easat-4440	5	9	an	an	DET
easat-4440	5	10	asymmetric	asymmetric	ADJ
easat-4440	5	11	analysis	analysis	NOUN
easat-4440	5	12	tuba	tuba	NOUN
easat-4440	5	13	yildiz1	yildiz1	PROPN
easat-4440	5	14	*	*	PROPN
easat-4440	5	15	,	,	PUNCT
easat-4440	5	16	hale	hale	PROPN
easat-4440	5	17	kirmizioğlu2	kirmizioğlu2	PROPN
easat-4440	5	18	,	,	PUNCT
easat-4440	5	19	ünal	ünal	ADJ
easat-4440	5	20	arslan3	arslan3	PROPN
easat-4440	5	21	,	,	PUNCT
easat-4440	5	22	yıldız	yıldız	PROPN
easat-4440	5	23	sağlam	sağlam	PROPN
easat-4440	5	24	çeli̇köz4	çeli̇köz4	PROPN
easat-4440	5	25	1,3,4alahan	1,3,4alahan	PROPN
easat-4440	5	26	neighborhood	neighborhood	NOUN
easat-4440	5	27	,	,	PUNCT
easat-4440	5	28	tayfur	tayfur	NOUN
easat-4440	5	29	sökmen	sökman	NOUN
easat-4440	5	30	campus	campus	NOUN
easat-4440	5	31	,	,	PUNCT
easat-4440	5	32	hatay	hatay	NOUN
easat-4440	5	33	mustafa	mustafa	PROPN
easat-4440	5	34	kemal	kemal	PROPN
easat-4440	5	35	university	university	PROPN
easat-4440	5	36	,	,	PUNCT
easat-4440	5	37	faculty	faculty	NOUN
easat-4440	5	38	of	of	ADP
easat-4440	5	39	economics	economic	NOUN
easat-4440	5	40	and	and	CCONJ
easat-4440	5	41	administration	administration	NOUN
easat-4440	5	42	science	science	PROPN
easat-4440	5	43	,	,	PUNCT
easat-4440	5	44	department	department	NOUN
easat-4440	5	45	of	of	ADP
easat-4440	5	46	economics	economic	NOUN
easat-4440	5	47	,	,	PUNCT
easat-4440	5	48	31060	31060	NUM
easat-4440	5	49	,	,	PUNCT
easat-4440	5	50	hatay	hatay	NOUN
easat-4440	5	51	/	/	SYM
easat-4440	5	52	turkey	turkey	NOUN
easat-4440	5	53	;	;	PUNCT
easat-4440	5	54	tubayildiz@mku.edu.tr	tubayildiz@mku.edu.tr	PROPN
easat-4440	5	55	(	(	PUNCT
easat-4440	5	56	t.y	t.y	PROPN
easat-4440	5	57	.	.	PUNCT
easat-4440	5	58	)	)	PUNCT
easat-4440	5	59	uarslan@mku.edu.tr	uarslan@mku.edu.tr	ADV
easat-4440	5	60	(	(	PUNCT
easat-4440	5	61	u.a	u.a	PROPN
easat-4440	5	62	.	.	PROPN
easat-4440	5	63	)	)	PUNCT
easat-4440	5	64	ysaglam@mku.edu.tr	ysaglam@mku.edu.tr	NOUN
easat-4440	5	65	(	(	PUNCT
easat-4440	5	66	y.s.c	y.s.c	NOUN
easat-4440	5	67	.	.	PUNCT
easat-4440	5	68	)	)	PUNCT
easat-4440	5	69	.	.	PUNCT
easat-4440	6	1	2bağbaşı	2bağbaşı	NUM
easat-4440	6	2	neighborhood	neighborhood	NOUN
easat-4440	6	3	,	,	PUNCT
easat-4440	6	4	şehit	şehit	NOUN
easat-4440	6	5	necdet	necdet	PROPN
easat-4440	6	6	yağız	yağız	PROPN
easat-4440	6	7	street	street	PROPN
easat-4440	6	8	,	,	PUNCT
easat-4440	6	9	kırşehir	kırşehir	PROPN
easat-4440	6	10	ahi	ahi	X
easat-4440	6	11	evran	evran	PROPN
easat-4440	6	12	university	university	NOUN
easat-4440	6	13	,	,	PUNCT
easat-4440	6	14	faculty	faculty	NOUN
easat-4440	6	15	of	of	ADP
easat-4440	6	16	economics	economic	NOUN
easat-4440	6	17	and	and	CCONJ
easat-4440	6	18	administration	administration	NOUN
easat-4440	6	19	science	science	PROPN
easat-4440	6	20	,	,	PUNCT
easat-4440	6	21	department	department	NOUN
easat-4440	6	22	of	of	ADP
easat-4440	6	23	economics	economic	NOUN
easat-4440	6	24	,	,	PUNCT
easat-4440	6	25	kırşehir	kırşehir	PROPN
easat-4440	6	26	,	,	PUNCT
easat-4440	6	27	turkey	turkey	PROPN
easat-4440	6	28	;	;	PUNCT
easat-4440	6	29	halekirmizioglu@hotmail.com	halekirmizioglu@hotmail.com	X
easat-4440	6	30	(	(	PUNCT
easat-4440	6	31	h.k	h.k	PROPN
easat-4440	6	32	.	.	PROPN
easat-4440	6	33	)	)	PUNCT
easat-4440	6	34	.	.	PUNCT
easat-4440	7	1	abstract	abstract	ADV
easat-4440	7	2	:	:	PUNCT
easat-4440	7	3	this	this	DET
easat-4440	7	4	study	study	NOUN
easat-4440	7	5	examines	examine	VERB
easat-4440	7	6	the	the	DET
easat-4440	7	7	relationship	relationship	NOUN
easat-4440	7	8	between	between	ADP
easat-4440	7	9	economic	economic	ADJ
easat-4440	7	10	policy	policy	NOUN
easat-4440	7	11	uncertainties	uncertainty	NOUN
easat-4440	7	12	and	and	CCONJ
easat-4440	7	13	institutional	institutional	ADJ
easat-4440	7	14	infrastructure	infrastructure	NOUN
easat-4440	7	15	or	or	CCONJ
easat-4440	7	16	institutional	institutional	ADJ
easat-4440	7	17	quality	quality	NOUN
easat-4440	7	18	.	.	PUNCT
easat-4440	8	1	countries	country	NOUN
easat-4440	8	2	with	with	ADP
easat-4440	8	3	strong	strong	ADJ
easat-4440	8	4	institutional	institutional	ADJ
easat-4440	8	5	quality	quality	NOUN
easat-4440	8	6	may	may	AUX
easat-4440	8	7	reduce	reduce	VERB
easat-4440	8	8	economic	economic	ADJ
easat-4440	8	9	policy	policy	NOUN
easat-4440	8	10	uncertainty	uncertainty	NOUN
easat-4440	8	11	.	.	PUNCT
easat-4440	9	1	in	in	ADP
easat-4440	9	2	the	the	DET
easat-4440	9	3	effectiveness	effectiveness	NOUN
easat-4440	9	4	of	of	ADP
easat-4440	9	5	this	this	DET
easat-4440	9	6	situation	situation	NOUN
easat-4440	9	7	,	,	PUNCT
easat-4440	9	8	it	it	PRON
easat-4440	9	9	is	be	AUX
easat-4440	9	10	particularly	particularly	ADV
easat-4440	9	11	important	important	ADJ
easat-4440	9	12	that	that	SCONJ
easat-4440	9	13	well	well	ADV
easat-4440	9	14	-	-	PUNCT
easat-4440	9	15	functioning	function	VERB
easat-4440	9	16	institutions	institution	NOUN
easat-4440	9	17	make	make	VERB
easat-4440	9	18	economic	economic	ADJ
easat-4440	9	19	decision	decision	NOUN
easat-4440	9	20	-	-	PUNCT
easat-4440	9	21	making	make	VERB
easat-4440	9	22	processes	process	NOUN
easat-4440	9	23	more	more	ADV
easat-4440	9	24	predictable	predictable	ADJ
easat-4440	9	25	,	,	PUNCT
easat-4440	9	26	stable	stable	ADJ
easat-4440	9	27	,	,	PUNCT
easat-4440	9	28	and	and	CCONJ
easat-4440	9	29	reliable	reliable	ADJ
easat-4440	9	30	.	.	PUNCT
easat-4440	10	1	institutional	institutional	ADJ
easat-4440	10	2	quality	quality	NOUN
easat-4440	10	3	can	can	AUX
easat-4440	10	4	help	help	VERB
easat-4440	10	5	build	build	VERB
easat-4440	10	6	confidence	confidence	NOUN
easat-4440	10	7	,	,	PUNCT
easat-4440	10	8	stability	stability	NOUN
easat-4440	10	9	,	,	PUNCT
easat-4440	10	10	and	and	CCONJ
easat-4440	10	11	predictability	predictability	NOUN
easat-4440	10	12	in	in	ADP
easat-4440	10	13	the	the	DET
easat-4440	10	14	economy	economy	NOUN
easat-4440	10	15	.	.	PUNCT
easat-4440	11	1	this	this	DET
easat-4440	11	2	condition	condition	NOUN
easat-4440	11	3	may	may	AUX
easat-4440	11	4	decrease	decrease	VERB
easat-4440	11	5	economic	economic	ADJ
easat-4440	11	6	policy	policy	NOUN
easat-4440	11	7	uncertainty	uncertainty	NOUN
easat-4440	11	8	,	,	PUNCT
easat-4440	11	9	resulting	result	VERB
easat-4440	11	10	in	in	ADP
easat-4440	11	11	improved	improved	ADJ
easat-4440	11	12	growth	growth	NOUN
easat-4440	11	13	and	and	CCONJ
easat-4440	11	14	prosperity	prosperity	NOUN
easat-4440	11	15	.	.	PUNCT
easat-4440	12	1	strong	strong	ADJ
easat-4440	12	2	institutional	institutional	ADJ
easat-4440	12	3	quality	quality	NOUN
easat-4440	12	4	in	in	ADP
easat-4440	12	5	european	european	PROPN
easat-4440	12	6	union	union	PROPN
easat-4440	12	7	countries	country	NOUN
easat-4440	12	8	may	may	AUX
easat-4440	12	9	additionally	additionally	ADV
easat-4440	12	10	serve	serve	VERB
easat-4440	12	11	to	to	PART
easat-4440	12	12	promote	promote	VERB
easat-4440	12	13	long	long	ADJ
easat-4440	12	14	-	-	PUNCT
easat-4440	12	15	term	term	NOUN
easat-4440	12	16	growth	growth	NOUN
easat-4440	12	17	by	by	ADP
easat-4440	12	18	lowering	lower	VERB
easat-4440	12	19	economic	economic	ADJ
easat-4440	12	20	policy	policy	NOUN
easat-4440	12	21	uncertainty	uncertainty	NOUN
easat-4440	12	22	.	.	PUNCT
easat-4440	13	1	in	in	ADP
easat-4440	13	2	the	the	DET
easat-4440	13	3	study	study	NOUN
easat-4440	13	4	,	,	PUNCT
easat-4440	13	5	the	the	DET
easat-4440	13	6	effect	effect	NOUN
easat-4440	13	7	of	of	ADP
easat-4440	13	8	economic	economic	ADJ
easat-4440	13	9	policy	policy	NOUN
easat-4440	13	10	uncertainty	uncertainty	NOUN
easat-4440	13	11	was	be	AUX
easat-4440	13	12	analyzed	analyze	VERB
easat-4440	13	13	using	use	VERB
easat-4440	13	14	the	the	DET
easat-4440	13	15	ardl	ardl	NOUN
easat-4440	13	16	nonlinear	nonlinear	ADJ
easat-4440	13	17	analysis	analysis	NOUN
easat-4440	13	18	method	method	NOUN
easat-4440	13	19	and	and	CCONJ
easat-4440	13	20	data	datum	NOUN
easat-4440	13	21	from	from	ADP
easat-4440	13	22	eight	eight	NUM
easat-4440	13	23	european	european	ADJ
easat-4440	13	24	countries	country	NOUN
easat-4440	13	25	for	for	ADP
easat-4440	13	26	the	the	DET
easat-4440	13	27	period	period	NOUN
easat-4440	13	28	2002	2002	NUM
easat-4440	13	29	-	-	SYM
easat-4440	13	30	2021	2021	NUM
easat-4440	13	31	.	.	PUNCT
easat-4440	14	1	as	as	ADP
easat-4440	14	2	a	a	DET
easat-4440	14	3	result	result	NOUN
easat-4440	14	4	of	of	ADP
easat-4440	14	5	the	the	DET
easat-4440	14	6	analysis	analysis	NOUN
easat-4440	14	7	,	,	PUNCT
easat-4440	14	8	it	it	PRON
easat-4440	14	9	was	be	AUX
easat-4440	14	10	concluded	conclude	VERB
easat-4440	14	11	that	that	SCONJ
easat-4440	14	12	there	there	PRON
easat-4440	14	13	is	be	VERB
easat-4440	14	14	an	an	DET
easat-4440	14	15	asymmetric	asymmetric	ADJ
easat-4440	14	16	relationship	relationship	NOUN
easat-4440	14	17	between	between	ADP
easat-4440	14	18	corruption	corruption	NOUN
easat-4440	14	19	control	control	NOUN
easat-4440	14	20	and	and	CCONJ
easat-4440	14	21	economic	economic	ADJ
easat-4440	14	22	policy	policy	NOUN
easat-4440	14	23	uncertainty	uncertainty	NOUN
easat-4440	14	24	.	.	PUNCT
easat-4440	15	1	negative	negative	ADJ
easat-4440	15	2	shocks	shock	NOUN
easat-4440	15	3	to	to	ADP
easat-4440	15	4	the	the	DET
easat-4440	15	5	quality	quality	NOUN
easat-4440	15	6	of	of	ADP
easat-4440	15	7	regulation	regulation	NOUN
easat-4440	15	8	positively	positively	ADV
easat-4440	15	9	affect	affect	VERB
easat-4440	15	10	economic	economic	ADJ
easat-4440	15	11	policy	policy	NOUN
easat-4440	15	12	uncertainty	uncertainty	NOUN
easat-4440	15	13	.	.	PUNCT
easat-4440	16	1	positive	positive	ADJ
easat-4440	16	2	shocks	shock	NOUN
easat-4440	16	3	to	to	PART
easat-4440	16	4	voice	voice	NOUN
easat-4440	16	5	,	,	PUNCT
easat-4440	16	6	accountability	accountability	NOUN
easat-4440	16	7	,	,	PUNCT
easat-4440	16	8	political	political	ADJ
easat-4440	16	9	stability	stability	NOUN
easat-4440	16	10	,	,	PUNCT
easat-4440	16	11	and	and	CCONJ
easat-4440	16	12	the	the	DET
easat-4440	16	13	absence	absence	NOUN
easat-4440	16	14	of	of	ADP
easat-4440	16	15	violence	violence	NOUN
easat-4440	16	16	positively	positively	ADV
easat-4440	16	17	affect	affect	VERB
easat-4440	16	18	economic	economic	ADJ
easat-4440	16	19	policy	policy	NOUN
easat-4440	16	20	uncertainty	uncertainty	NOUN
easat-4440	16	21	.	.	PUNCT
easat-4440	17	1	keywords	keyword	NOUN
easat-4440	17	2	:	:	PUNCT
easat-4440	17	3	ardl	ardl	NOUN
easat-4440	17	4	panel	panel	NOUN
easat-4440	17	5	analysis	analysis	NOUN
easat-4440	17	6	,	,	PUNCT
easat-4440	17	7	european	european	ADJ
easat-4440	17	8	countries	country	NOUN
easat-4440	17	9	,	,	PUNCT
easat-4440	17	10	economic	economic	ADJ
easat-4440	17	11	policy	policy	NOUN
easat-4440	17	12	uncertainty	uncertainty	NOUN
easat-4440	17	13	,	,	PUNCT
easat-4440	17	14	institutional	institutional	ADJ
easat-4440	17	15	factors	factor	NOUN
easat-4440	17	16	.	.	PUNCT
easat-4440	18	1	1	1	X
easat-4440	18	2	.	.	X
easat-4440	18	3	introduction	introduction	NOUN
easat-4440	18	4	uncertainty	uncertainty	NOUN
easat-4440	18	5	can	can	AUX
easat-4440	18	6	arise	arise	VERB
easat-4440	18	7	in	in	ADP
easat-4440	18	8	situations	situation	NOUN
easat-4440	18	9	such	such	ADJ
easat-4440	18	10	as	as	ADP
easat-4440	18	11	unexpected	unexpected	ADJ
easat-4440	18	12	policy	policy	NOUN
easat-4440	18	13	changes	change	NOUN
easat-4440	18	14	,	,	PUNCT
easat-4440	18	15	economic	economic	ADJ
easat-4440	18	16	recession	recession	NOUN
easat-4440	18	17	,	,	PUNCT
easat-4440	18	18	or	or	CCONJ
easat-4440	18	19	economic	economic	ADJ
easat-4440	18	20	crises	crisis	NOUN
easat-4440	18	21	.	.	PUNCT
easat-4440	19	1	whatever	whatever	PRON
easat-4440	19	2	,	,	PUNCT
easat-4440	19	3	circumstances	circumstance	NOUN
easat-4440	19	4	reveal	reveal	VERB
easat-4440	19	5	uncertainty	uncertainty	NOUN
easat-4440	19	6	which	which	PRON
easat-4440	19	7	affects	affect	VERB
easat-4440	19	8	the	the	DET
easat-4440	19	9	country	country	NOUN
easat-4440	19	10	's	's	PART
easat-4440	19	11	economy	economy	NOUN
easat-4440	19	12	in	in	ADP
easat-4440	19	13	various	various	ADJ
easat-4440	19	14	ways	way	NOUN
easat-4440	19	15	.	.	PUNCT
easat-4440	20	1	therefore	therefore	ADV
easat-4440	20	2	,	,	PUNCT
easat-4440	20	3	both	both	DET
easat-4440	20	4	producers	producer	NOUN
easat-4440	20	5	and	and	CCONJ
easat-4440	20	6	consumers	consumer	NOUN
easat-4440	20	7	are	be	AUX
easat-4440	20	8	negatively	negatively	ADV
easat-4440	20	9	affected	affect	VERB
easat-4440	20	10	by	by	ADP
easat-4440	20	11	the	the	DET
easat-4440	20	12	conditions	condition	NOUN
easat-4440	20	13	that	that	PRON
easat-4440	20	14	arise	arise	VERB
easat-4440	20	15	in	in	ADP
easat-4440	20	16	the	the	DET
easat-4440	20	17	event	event	NOUN
easat-4440	20	18	of	of	ADP
easat-4440	20	19	uncertainty	uncertainty	NOUN
easat-4440	20	20	and	and	CCONJ
easat-4440	20	21	the	the	DET
easat-4440	20	22	concerns	concern	NOUN
easat-4440	20	23	of	of	ADP
easat-4440	20	24	society	society	NOUN
easat-4440	20	25	about	about	ADP
easat-4440	20	26	the	the	DET
easat-4440	20	27	future	future	NOUN
easat-4440	20	28	get	get	VERB
easat-4440	20	29	gloomy	gloomy	ADJ
easat-4440	20	30	.	.	PUNCT
easat-4440	21	1	the	the	DET
easat-4440	21	2	financial	financial	ADJ
easat-4440	21	3	crisis	crisis	NOUN
easat-4440	21	4	that	that	PRON
easat-4440	21	5	emerged	emerge	VERB
easat-4440	21	6	in	in	ADP
easat-4440	21	7	the	the	DET
easat-4440	21	8	usa	usa	PROPN
easat-4440	21	9	in	in	ADP
easat-4440	21	10	2008	2008	NUM
easat-4440	21	11	and	and	CCONJ
easat-4440	21	12	then	then	ADV
easat-4440	21	13	spread	spread	VERB
easat-4440	21	14	to	to	ADP
easat-4440	21	15	the	the	DET
easat-4440	21	16	entire	entire	ADJ
easat-4440	21	17	world	world	NOUN
easat-4440	21	18	caused	cause	VERB
easat-4440	21	19	economies	economy	NOUN
easat-4440	21	20	around	around	ADP
easat-4440	21	21	the	the	DET
easat-4440	21	22	world	world	NOUN
easat-4440	21	23	to	to	PART
easat-4440	21	24	enter	enter	VERB
easat-4440	21	25	into	into	ADP
easat-4440	21	26	a	a	DET
easat-4440	21	27	gradual	gradual	ADJ
easat-4440	21	28	recession	recession	NOUN
easat-4440	21	29	.	.	PUNCT
easat-4440	22	1	uncertainties	uncertainty	NOUN
easat-4440	22	2	,	,	PUNCT
easat-4440	22	3	arising	arise	VERB
easat-4440	22	4	from	from	ADP
easat-4440	22	5	the	the	DET
easat-4440	22	6	problems	problem	NOUN
easat-4440	22	7	experienced	experience	VERB
easat-4440	22	8	in	in	ADP
easat-4440	22	9	the	the	DET
easat-4440	22	10	economy	economy	NOUN
easat-4440	22	11	due	due	ADP
easat-4440	22	12	to	to	ADP
easat-4440	22	13	the	the	DET
easat-4440	22	14	current	current	ADJ
easat-4440	22	15	covid-19	covid-19	PROPN
easat-4440	22	16	epidemic	epidemic	NOUN
easat-4440	22	17	,	,	PUNCT
easat-4440	22	18	can	can	AUX
easat-4440	22	19	prevent	prevent	VERB
easat-4440	22	20	companies	company	NOUN
easat-4440	22	21	and	and	CCONJ
easat-4440	22	22	individuals	individual	NOUN
easat-4440	22	23	from	from	ADP
easat-4440	22	24	looking	look	VERB
easat-4440	22	25	into	into	ADP
easat-4440	22	26	the	the	DET
easat-4440	22	27	future	future	NOUN
easat-4440	22	28	clearly	clearly	ADV
easat-4440	22	29	and	and	CCONJ
easat-4440	22	30	understandably	understandably	ADV
easat-4440	22	31	.	.	PUNCT
easat-4440	23	1	baker	baker	PROPN
easat-4440	23	2	,	,	PUNCT
easat-4440	23	3	et	et	PROPN
easat-4440	23	4	al	al	PROPN
easat-4440	23	5	.	.	PUNCT
easat-4440	24	1	[	[	X
easat-4440	24	2	1	1	X
easat-4440	24	3	]	]	PUNCT
easat-4440	24	4	developed	develop	VERB
easat-4440	24	5	a	a	DET
easat-4440	24	6	new	new	ADJ
easat-4440	24	7	policy	policy	NOUN
easat-4440	24	8	related	relate	VERB
easat-4440	24	9	to	to	ADP
easat-4440	24	10	the	the	DET
easat-4440	24	11	economic	economic	ADJ
easat-4440	24	12	uncertainty	uncertainty	NOUN
easat-4440	24	13	index	index	NOUN
easat-4440	24	14	,	,	PUNCT
easat-4440	24	15	which	which	PRON
easat-4440	24	16	includes	include	VERB
easat-4440	24	17	the	the	DET
easat-4440	24	18	terms	term	NOUN
easat-4440	24	19	economy	economy	NOUN
easat-4440	24	20	,	,	PUNCT
easat-4440	24	21	uncertainty	uncertainty	NOUN
easat-4440	24	22	and	and	CCONJ
easat-4440	24	23	policy	policy	NOUN
easat-4440	24	24	.	.	PUNCT
easat-4440	25	1	after	after	SCONJ
easat-4440	25	2	it	it	PRON
easat-4440	25	3	was	be	AUX
easat-4440	25	4	thought	think	VERB
easat-4440	25	5	that	that	SCONJ
easat-4440	25	6	uncertainties	uncertainty	NOUN
easat-4440	25	7	about	about	ADP
easat-4440	25	8	taxes	taxis	NOUN
easat-4440	25	9	,	,	PUNCT
easat-4440	25	10	government	government	NOUN
easat-4440	25	11	purchases	purchase	NOUN
easat-4440	25	12	,	,	PUNCT
easat-4440	25	13	and	and	CCONJ
easat-4440	25	14	other	other	ADJ
easat-4440	25	15	policy	policy	NOUN
easat-4440	25	16	issues	issue	NOUN
easat-4440	25	17	in	in	ADP
easat-4440	25	18	the	the	DET
easat-4440	25	19	us	us	PROPN
easat-4440	25	20	economy	economy	NOUN
easat-4440	25	21	had	have	AUX
easat-4440	25	22	deepened	deepen	VERB
easat-4440	25	23	the	the	DET
easat-4440	25	24	2007	2007	NUM
easat-4440	25	25	-	-	SYM
easat-4440	25	26	2009	2009	NUM
easat-4440	25	27	recession	recession	NOUN
easat-4440	25	28	and	and	CCONJ
easat-4440	25	29	slowed	slow	VERB
easat-4440	25	30	the	the	DET
easat-4440	25	31	recovery	recovery	NOUN
easat-4440	25	32	.	.	PUNCT
easat-4440	26	1	this	this	DET
easat-4440	26	2	study	study	NOUN
easat-4440	26	3	looked	look	VERB
easat-4440	26	4	into	into	ADP
easat-4440	26	5	the	the	DET
easat-4440	26	6	effect	effect	NOUN
easat-4440	26	7	of	of	ADP
easat-4440	26	8	economic	economic	ADJ
easat-4440	26	9	policy	policy	NOUN
easat-4440	26	10	uncertainty	uncertainty	NOUN
easat-4440	26	11	on	on	ADP
easat-4440	26	12	output	output	NOUN
easat-4440	26	13	,	,	PUNCT
easat-4440	26	14	employment	employment	NOUN
easat-4440	26	15	and	and	CCONJ
easat-4440	26	16	investment	investment	NOUN
easat-4440	26	17	.	.	PUNCT
easat-4440	27	1	the	the	DET
easat-4440	27	2	economic	economic	ADJ
easat-4440	27	3	policy	policy	NOUN
easat-4440	27	4	uncertainty	uncertainty	NOUN
easat-4440	27	5	(	(	PUNCT
easat-4440	27	6	epu	epu	PROPN
easat-4440	27	7	)	)	PUNCT
easat-4440	27	8	index	index	NOUN
easat-4440	27	9	was	be	AUX
easat-4440	27	10	designed	design	VERB
easat-4440	27	11	to	to	PART
easat-4440	27	12	reveal	reveal	VERB
easat-4440	27	13	uncertainty	uncertainty	NOUN
easat-4440	27	14	regarding	regard	VERB
easat-4440	27	15	who	who	PRON
easat-4440	27	16	is	be	AUX
easat-4440	27	17	responsible	responsible	ADJ
easat-4440	27	18	for	for	ADP
easat-4440	27	19	economic	economic	ADJ
easat-4440	27	20	policy	policy	NOUN
easat-4440	27	21	decisions	decision	NOUN
easat-4440	27	22	and	and	CCONJ
easat-4440	27	23	what	what	DET
easat-4440	27	24	economic	economic	ADJ
easat-4440	27	25	policy	policy	NOUN
easat-4440	27	26	steps	step	NOUN
easat-4440	27	27	are	be	AUX
easat-4440	27	28	going	go	VERB
easat-4440	27	29	to	to	PART
easat-4440	27	30	be	be	AUX
easat-4440	27	31	taken	take	VERB
easat-4440	27	32	and	and	CCONJ
easat-4440	27	33	when	when	SCONJ
easat-4440	27	34	,	,	PUNCT
easat-4440	27	35	in	in	ADP
easat-4440	27	36	addition	addition	NOUN
easat-4440	27	37	to	to	ADP
easat-4440	27	38	the	the	DET
easat-4440	27	39	monetary	monetary	ADJ
easat-4440	27	40	consequences	consequence	NOUN
easat-4440	27	41	of	of	ADP
easat-4440	27	42	these	these	DET
easat-4440	27	43	activities	activity	NOUN
easat-4440	27	44	and	and	CCONJ
easat-4440	27	45	the	the	DET
easat-4440	27	46	economic	economic	ADJ
easat-4440	27	47	implications	implication	NOUN
easat-4440	27	48	of	of	ADP
easat-4440	27	49	non	non	ADJ
easat-4440	27	50	-	-	ADJ
easat-4440	27	51	economic	economic	ADJ
easat-4440	27	52	policy	policy	NOUN
easat-4440	27	53	issues	issue	NOUN
easat-4440	27	54	[	[	X
easat-4440	27	55	1	1	NUM
easat-4440	27	56	]	]	PUNCT
easat-4440	27	57	.	.	PUNCT
easat-4440	28	1	145	145	NUM
easat-4440	28	2	edelweiss	edelweiss	PROPN
easat-4440	28	3	applied	apply	VERB
easat-4440	28	4	science	science	NOUN
easat-4440	28	5	and	and	CCONJ
easat-4440	28	6	technology	technology	NOUN
easat-4440	28	7	issn	issn	PROPN
easat-4440	28	8	:	:	PUNCT
easat-4440	28	9	2576	2576	NUM
easat-4440	28	10	-	-	SYM
easat-4440	28	11	8484	8484	NUM
easat-4440	28	12	vol	vol	NOUN
easat-4440	28	13	.	.	PROPN
easat-4440	29	1	9	9	NUM
easat-4440	29	2	,	,	PUNCT
easat-4440	29	3	no	no	INTJ
easat-4440	29	4	.	.	NOUN
easat-4440	30	1	2	2	NUM
easat-4440	30	2	:	:	SYM
easat-4440	30	3	144	144	NUM
easat-4440	30	4	-	-	SYM
easat-4440	30	5	159	159	NUM
easat-4440	30	6	,	,	PUNCT
easat-4440	30	7	2025	2025	NUM
easat-4440	30	8	doi	doi	NOUN
easat-4440	30	9	:	:	PUNCT
easat-4440	30	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	30	11	©	©	PROPN
easat-4440	30	12	2025	2025	NUM
easat-4440	30	13	by	by	ADP
easat-4440	30	14	the	the	DET
easat-4440	30	15	author	author	NOUN
easat-4440	30	16	;	;	PUNCT
easat-4440	30	17	licensee	licensee	NOUN
easat-4440	30	18	learning	learn	VERB
easat-4440	30	19	gate	gate	NOUN
easat-4440	30	20	epu	epu	PROPN
easat-4440	30	21	is	be	AUX
easat-4440	30	22	defined	define	VERB
easat-4440	30	23	as	as	ADP
easat-4440	30	24	the	the	DET
easat-4440	30	25	risk	risk	NOUN
easat-4440	30	26	of	of	ADP
easat-4440	30	27	economic	economic	ADJ
easat-4440	30	28	policy	policy	NOUN
easat-4440	30	29	change	change	NOUN
easat-4440	30	30	that	that	PRON
easat-4440	30	31	market	market	NOUN
easat-4440	30	32	participants	participant	NOUN
easat-4440	30	33	can	can	AUX
easat-4440	30	34	not	not	PART
easat-4440	30	35	accurately	accurately	ADV
easat-4440	30	36	predict	predict	VERB
easat-4440	30	37	,	,	PUNCT
easat-4440	30	38	causing	cause	VERB
easat-4440	30	39	economic	economic	ADJ
easat-4440	30	40	recessions	recession	NOUN
easat-4440	30	41	and	and	CCONJ
easat-4440	30	42	changes	change	NOUN
easat-4440	30	43	in	in	ADP
easat-4440	30	44	the	the	DET
easat-4440	30	45	macroeconomic	macroeconomic	ADJ
easat-4440	30	46	area	area	NOUN
easat-4440	30	47	[	[	X
easat-4440	30	48	2	2	NUM
easat-4440	30	49	]	]	PUNCT
easat-4440	30	50	.	.	PUNCT
easat-4440	31	1	for	for	ADP
easat-4440	31	2	firms	firm	NOUN
easat-4440	31	3	and	and	CCONJ
easat-4440	31	4	individuals	individual	NOUN
easat-4440	31	5	,	,	PUNCT
easat-4440	31	6	the	the	DET
easat-4440	31	7	future	future	NOUN
easat-4440	31	8	is	be	AUX
easat-4440	31	9	seen	see	VERB
easat-4440	31	10	as	as	ADP
easat-4440	31	11	variable	variable	ADJ
easat-4440	31	12	,	,	PUNCT
easat-4440	31	13	complex	complex	ADJ
easat-4440	31	14	,	,	PUNCT
easat-4440	31	15	and	and	CCONJ
easat-4440	31	16	difficult	difficult	ADJ
easat-4440	31	17	to	to	PART
easat-4440	31	18	be	be	AUX
easat-4440	31	19	predicted	predict	VERB
easat-4440	31	20	in	in	ADP
easat-4440	31	21	the	the	DET
easat-4440	31	22	case	case	NOUN
easat-4440	31	23	of	of	ADP
easat-4440	31	24	epu	epu	PROPN
easat-4440	31	25	.	.	PUNCT
easat-4440	32	1	as	as	ADP
easat-4440	32	2	a	a	DET
easat-4440	32	3	result	result	NOUN
easat-4440	32	4	,	,	PUNCT
easat-4440	32	5	epu	epu	PROPN
easat-4440	32	6	has	have	VERB
easat-4440	32	7	a	a	DET
easat-4440	32	8	direct	direct	ADJ
easat-4440	32	9	impact	impact	NOUN
easat-4440	32	10	on	on	ADP
easat-4440	32	11	firm	firm	ADJ
easat-4440	32	12	and	and	CCONJ
easat-4440	32	13	household	household	NOUN
easat-4440	32	14	decisions	decision	NOUN
easat-4440	32	15	.	.	PUNCT
easat-4440	33	1	therefore	therefore	ADV
easat-4440	33	2	,	,	PUNCT
easat-4440	33	3	better	well	ADJ
easat-4440	33	4	governance	governance	NOUN
easat-4440	33	5	can	can	AUX
easat-4440	33	6	reduce	reduce	VERB
easat-4440	33	7	the	the	DET
easat-4440	33	8	negative	negative	ADJ
easat-4440	33	9	effects	effect	NOUN
easat-4440	33	10	of	of	ADP
easat-4440	33	11	unstable	unstable	ADJ
easat-4440	33	12	economic	economic	ADJ
easat-4440	33	13	situations	situation	NOUN
easat-4440	33	14	arising	arise	VERB
easat-4440	33	15	from	from	ADP
easat-4440	33	16	epu	epu	NOUN
easat-4440	33	17	[	[	X
easat-4440	33	18	3	3	NUM
easat-4440	33	19	]	]	PUNCT
easat-4440	33	20	.	.	PUNCT
easat-4440	34	1	six	six	NUM
easat-4440	34	2	basic	basic	ADJ
easat-4440	34	3	indicators	indicator	NOUN
easat-4440	34	4	,	,	PUNCT
easat-4440	34	5	also	also	ADV
easat-4440	34	6	called	call	VERB
easat-4440	34	7	good	good	ADJ
easat-4440	34	8	governance	governance	NOUN
easat-4440	34	9	indicators	indicator	NOUN
easat-4440	34	10	,	,	PUNCT
easat-4440	34	11	were	be	AUX
easat-4440	34	12	created	create	VERB
easat-4440	34	13	by	by	ADP
easat-4440	34	14	kaufmann	kaufmann	PROPN
easat-4440	34	15	,	,	PUNCT
easat-4440	34	16	et	et	PROPN
easat-4440	34	17	al	al	PROPN
easat-4440	34	18	.	.	PUNCT
easat-4440	35	1	[	[	X
easat-4440	35	2	4	4	X
easat-4440	35	3	]	]	PUNCT
easat-4440	35	4	within	within	ADP
easat-4440	35	5	the	the	DET
easat-4440	35	6	scope	scope	NOUN
easat-4440	35	7	of	of	ADP
easat-4440	35	8	the	the	DET
easat-4440	35	9	world	world	NOUN
easat-4440	35	10	bank	bank	NOUN
easat-4440	35	11	governance	governance	NOUN
easat-4440	35	12	indicators	indicator	NOUN
easat-4440	35	13	project	project	VERB
easat-4440	35	14	.	.	PUNCT
easat-4440	36	1	these	these	DET
easat-4440	36	2	indicators	indicator	NOUN
easat-4440	36	3	can	can	AUX
easat-4440	36	4	be	be	AUX
easat-4440	36	5	expressed	express	VERB
easat-4440	36	6	as	as	ADP
easat-4440	36	7	control	control	NOUN
easat-4440	36	8	of	of	ADP
easat-4440	36	9	corruption	corruption	NOUN
easat-4440	36	10	,	,	PUNCT
easat-4440	36	11	government	government	NOUN
easat-4440	36	12	effectiveness	effectiveness	NOUN
easat-4440	36	13	,	,	PUNCT
easat-4440	36	14	regulatory	regulatory	ADJ
easat-4440	36	15	quality	quality	NOUN
easat-4440	36	16	,	,	PUNCT
easat-4440	36	17	rule	rule	NOUN
easat-4440	36	18	of	of	ADP
easat-4440	36	19	law	law	NOUN
easat-4440	36	20	,	,	PUNCT
easat-4440	36	21	political	political	ADJ
easat-4440	36	22	stability	stability	NOUN
easat-4440	36	23	and	and	CCONJ
easat-4440	36	24	absence	absence	NOUN
easat-4440	36	25	of	of	ADP
easat-4440	36	26	violence	violence	NOUN
easat-4440	36	27	and	and	CCONJ
easat-4440	36	28	voice	voice	NOUN
easat-4440	36	29	and	and	CCONJ
easat-4440	36	30	lastly	lastly	ADV
easat-4440	36	31	accountability	accountability	NOUN
easat-4440	36	32	.	.	PUNCT
easat-4440	37	1	those	those	PRON
easat-4440	37	2	are	be	AUX
easat-4440	37	3	the	the	DET
easat-4440	37	4	factors	factor	NOUN
easat-4440	37	5	that	that	PRON
easat-4440	37	6	provide	provide	VERB
easat-4440	37	7	us	we	PRON
easat-4440	37	8	with	with	ADP
easat-4440	37	9	information	information	NOUN
easat-4440	37	10	about	about	ADP
easat-4440	37	11	the	the	DET
easat-4440	37	12	political	political	ADJ
easat-4440	37	13	and	and	CCONJ
easat-4440	37	14	institutional	institutional	ADJ
easat-4440	37	15	structure	structure	NOUN
easat-4440	37	16	of	of	ADP
easat-4440	37	17	the	the	DET
easat-4440	37	18	country	country	NOUN
easat-4440	37	19	and	and	CCONJ
easat-4440	37	20	increase	increase	VERB
easat-4440	37	21	institutional	institutional	ADJ
easat-4440	37	22	quality	quality	NOUN
easat-4440	37	23	.	.	PUNCT
easat-4440	38	1	therefore	therefore	ADV
easat-4440	38	2	,	,	PUNCT
easat-4440	38	3	the	the	DET
easat-4440	38	4	existence	existence	NOUN
easat-4440	38	5	of	of	ADP
easat-4440	38	6	institutions	institution	NOUN
easat-4440	38	7	in	in	ADP
easat-4440	38	8	a	a	DET
easat-4440	38	9	society	society	NOUN
easat-4440	38	10	can	can	AUX
easat-4440	38	11	be	be	AUX
easat-4440	38	12	effective	effective	ADJ
easat-4440	38	13	in	in	ADP
easat-4440	38	14	minimizing	minimize	VERB
easat-4440	38	15	uncertainties	uncertainty	NOUN
easat-4440	38	16	by	by	ADP
easat-4440	38	17	ensuring	ensure	VERB
easat-4440	38	18	that	that	SCONJ
easat-4440	38	19	the	the	DET
easat-4440	38	20	economic	economic	ADJ
easat-4440	38	21	policy	policy	NOUN
easat-4440	38	22	to	to	PART
easat-4440	38	23	be	be	AUX
easat-4440	38	24	implemented	implement	VERB
easat-4440	38	25	is	be	AUX
easat-4440	38	26	maintained	maintain	VERB
easat-4440	38	27	in	in	ADP
easat-4440	38	28	a	a	DET
easat-4440	38	29	more	more	ADV
easat-4440	38	30	clear	clear	ADJ
easat-4440	38	31	,	,	PUNCT
easat-4440	38	32	understandable	understandable	ADJ
easat-4440	38	33	and	and	CCONJ
easat-4440	38	34	auditable	auditable	ADJ
easat-4440	38	35	manner	manner	NOUN
easat-4440	38	36	.	.	PUNCT
easat-4440	39	1	in	in	ADP
easat-4440	39	2	general	general	ADJ
easat-4440	39	3	,	,	PUNCT
easat-4440	39	4	institutions	institution	NOUN
easat-4440	39	5	can	can	AUX
easat-4440	39	6	be	be	AUX
easat-4440	39	7	expressed	express	VERB
easat-4440	39	8	as	as	ADP
easat-4440	39	9	rules	rule	NOUN
easat-4440	39	10	and	and	CCONJ
easat-4440	39	11	restrictions	restriction	NOUN
easat-4440	39	12	that	that	PRON
easat-4440	39	13	shape	shape	VERB
easat-4440	39	14	economic	economic	ADJ
easat-4440	39	15	,	,	PUNCT
easat-4440	39	16	social	social	ADJ
easat-4440	39	17	and	and	CCONJ
easat-4440	39	18	political	political	ADJ
easat-4440	39	19	relations	relation	NOUN
easat-4440	39	20	between	between	ADP
easat-4440	39	21	people	people	NOUN
easat-4440	39	22	and	and	CCONJ
easat-4440	39	23	they	they	PRON
easat-4440	39	24	are	be	AUX
easat-4440	39	25	created	create	VERB
easat-4440	39	26	to	to	PART
easat-4440	39	27	facilitate	facilitate	VERB
easat-4440	39	28	daily	daily	ADJ
easat-4440	39	29	life	life	NOUN
easat-4440	39	30	.	.	PUNCT
easat-4440	40	1	as	as	ADP
easat-4440	40	2	a	a	DET
easat-4440	40	3	result	result	NOUN
easat-4440	40	4	,	,	PUNCT
easat-4440	40	5	institutions	institution	NOUN
easat-4440	40	6	can	can	AUX
easat-4440	40	7	be	be	AUX
easat-4440	40	8	characterized	characterize	VERB
easat-4440	40	9	by	by	ADP
easat-4440	40	10	the	the	DET
easat-4440	40	11	framework	framework	NOUN
easat-4440	40	12	of	of	ADP
easat-4440	40	13	regulations	regulation	NOUN
easat-4440	40	14	that	that	PRON
easat-4440	40	15	determine	determine	VERB
easat-4440	40	16	how	how	SCONJ
easat-4440	40	17	the	the	DET
easat-4440	40	18	game	game	NOUN
easat-4440	40	19	is	be	AUX
easat-4440	40	20	played	play	VERB
easat-4440	40	21	.	.	PUNCT
easat-4440	41	1	institutions	institution	NOUN
easat-4440	41	2	can	can	AUX
easat-4440	41	3	directly	directly	ADV
easat-4440	41	4	or	or	CCONJ
easat-4440	41	5	indirectly	indirectly	ADV
easat-4440	41	6	impact	impact	VERB
easat-4440	41	7	the	the	DET
easat-4440	41	8	economy	economy	NOUN
easat-4440	41	9	by	by	ADP
easat-4440	41	10	influencing	influence	VERB
easat-4440	41	11	production	production	NOUN
easat-4440	41	12	,	,	PUNCT
easat-4440	41	13	investment	investment	NOUN
easat-4440	41	14	and	and	CCONJ
easat-4440	41	15	technology	technology	NOUN
easat-4440	41	16	decisions	decision	NOUN
easat-4440	41	17	.	.	PUNCT
easat-4440	42	1	the	the	DET
easat-4440	42	2	main	main	ADJ
easat-4440	42	3	objective	objective	NOUN
easat-4440	42	4	of	of	ADP
easat-4440	42	5	this	this	DET
easat-4440	42	6	study	study	NOUN
easat-4440	42	7	is	be	AUX
easat-4440	42	8	to	to	PART
easat-4440	42	9	use	use	VERB
easat-4440	42	10	theoretical	theoretical	ADJ
easat-4440	42	11	and	and	CCONJ
easat-4440	42	12	practical	practical	ADJ
easat-4440	42	13	analysis	analysis	NOUN
easat-4440	42	14	methods	method	NOUN
easat-4440	42	15	to	to	PART
easat-4440	42	16	investigate	investigate	VERB
easat-4440	42	17	the	the	DET
easat-4440	42	18	interaction	interaction	NOUN
easat-4440	42	19	of	of	ADP
easat-4440	42	20	epu	epu	NOUN
easat-4440	42	21	and	and	CCONJ
easat-4440	42	22	institutional	institutional	ADJ
easat-4440	42	23	factors	factor	NOUN
easat-4440	42	24	.	.	PUNCT
easat-4440	43	1	the	the	DET
easat-4440	43	2	empirical	empirical	ADJ
easat-4440	43	3	and	and	CCONJ
easat-4440	43	4	theoretical	theoretical	ADJ
easat-4440	43	5	literature	literature	NOUN
easat-4440	43	6	on	on	ADP
easat-4440	43	7	epu	epu	PROPN
easat-4440	43	8	and	and	CCONJ
easat-4440	43	9	institutional	institutional	ADJ
easat-4440	43	10	factors	factor	NOUN
easat-4440	43	11	were	be	AUX
easat-4440	43	12	reviewed	review	VERB
easat-4440	43	13	in	in	ADP
easat-4440	43	14	the	the	DET
easat-4440	43	15	first	first	ADJ
easat-4440	43	16	part	part	NOUN
easat-4440	43	17	of	of	ADP
easat-4440	43	18	the	the	DET
easat-4440	43	19	study	study	NOUN
easat-4440	43	20	.	.	PUNCT
easat-4440	44	1	the	the	DET
easat-4440	44	2	empirical	empirical	ADJ
easat-4440	44	3	application	application	NOUN
easat-4440	44	4	that	that	PRON
easat-4440	44	5	looks	look	VERB
easat-4440	44	6	into	into	ADP
easat-4440	44	7	the	the	DET
easat-4440	44	8	relationship	relationship	NOUN
easat-4440	44	9	between	between	ADP
easat-4440	44	10	epu	epu	NOUN
easat-4440	44	11	and	and	CCONJ
easat-4440	44	12	institutional	institutional	ADJ
easat-4440	44	13	factors	factor	NOUN
easat-4440	44	14	is	be	AUX
easat-4440	44	15	presented	present	VERB
easat-4440	44	16	in	in	ADP
easat-4440	44	17	the	the	DET
easat-4440	44	18	second	second	ADJ
easat-4440	44	19	part	part	NOUN
easat-4440	44	20	.	.	PUNCT
easat-4440	45	1	the	the	DET
easat-4440	45	2	last	last	ADJ
easat-4440	45	3	part	part	NOUN
easat-4440	45	4	explains	explain	VERB
easat-4440	45	5	the	the	DET
easat-4440	45	6	conclusion	conclusion	NOUN
easat-4440	45	7	and	and	CCONJ
easat-4440	45	8	discussion	discussion	NOUN
easat-4440	45	9	according	accord	VERB
easat-4440	45	10	to	to	ADP
easat-4440	45	11	theoretical	theoretical	ADJ
easat-4440	45	12	explanations	explanation	NOUN
easat-4440	45	13	and	and	CCONJ
easat-4440	45	14	empirical	empirical	ADJ
easat-4440	45	15	practice	practice	NOUN
easat-4440	45	16	.	.	PUNCT
easat-4440	46	1	2	2	X
easat-4440	46	2	.	.	X
easat-4440	46	3	theoretical	theoretical	ADJ
easat-4440	46	4	and	and	CCONJ
easat-4440	46	5	empirical	empirical	ADJ
easat-4440	46	6	literature	literature	NOUN
easat-4440	46	7	there	there	PRON
easat-4440	46	8	is	be	VERB
easat-4440	46	9	a	a	DET
easat-4440	46	10	constant	constant	ADJ
easat-4440	46	11	change	change	NOUN
easat-4440	46	12	in	in	ADP
easat-4440	46	13	the	the	DET
easat-4440	46	14	economic	economic	ADJ
easat-4440	46	15	environment	environment	NOUN
easat-4440	46	16	,	,	PUNCT
easat-4440	46	17	political	political	ADJ
easat-4440	46	18	structure	structure	NOUN
easat-4440	46	19	and	and	CCONJ
easat-4440	46	20	the	the	DET
easat-4440	46	21	roles	role	NOUN
easat-4440	46	22	played	play	VERB
easat-4440	46	23	by	by	ADP
easat-4440	46	24	countries	country	NOUN
easat-4440	46	25	in	in	ADP
easat-4440	46	26	the	the	DET
easat-4440	46	27	foreign	foreign	ADJ
easat-4440	46	28	market	market	NOUN
easat-4440	46	29	.	.	PUNCT
easat-4440	47	1	this	this	PRON
easat-4440	47	2	may	may	AUX
easat-4440	47	3	lead	lead	VERB
easat-4440	47	4	to	to	ADP
easat-4440	47	5	an	an	DET
easat-4440	47	6	uncertain	uncertain	ADJ
easat-4440	47	7	environment	environment	NOUN
easat-4440	47	8	for	for	ADP
easat-4440	47	9	investment	investment	NOUN
easat-4440	47	10	and	and	CCONJ
easat-4440	47	11	resource	resource	NOUN
easat-4440	47	12	allocation	allocation	NOUN
easat-4440	47	13	for	for	ADP
easat-4440	47	14	societies	society	NOUN
easat-4440	47	15	[	[	X
easat-4440	47	16	5	5	NUM
easat-4440	47	17	]	]	PUNCT
easat-4440	47	18	.	.	PUNCT
easat-4440	48	1	competition	competition	NOUN
easat-4440	48	2	and	and	CCONJ
easat-4440	48	3	regulatory	regulatory	ADJ
easat-4440	48	4	authorities	authority	NOUN
easat-4440	48	5	aim	aim	VERB
easat-4440	48	6	to	to	PART
easat-4440	48	7	improve	improve	VERB
easat-4440	48	8	social	social	ADJ
easat-4440	48	9	and	and	CCONJ
easat-4440	48	10	economic	economic	ADJ
easat-4440	48	11	well	well	ADV
easat-4440	48	12	-	-	PUNCT
easat-4440	48	13	being	being	NOUN
easat-4440	48	14	by	by	ADP
easat-4440	48	15	monitoring	monitor	VERB
easat-4440	48	16	the	the	DET
easat-4440	48	17	behavior	behavior	NOUN
easat-4440	48	18	of	of	ADP
easat-4440	48	19	public	public	ADJ
easat-4440	48	20	and	and	CCONJ
easat-4440	48	21	private	private	ADJ
easat-4440	48	22	entities	entity	NOUN
easat-4440	48	23	to	to	PART
easat-4440	48	24	encourage	encourage	VERB
easat-4440	48	25	more	more	ADV
easat-4440	48	26	equitable	equitable	ADJ
easat-4440	48	27	competition	competition	NOUN
easat-4440	48	28	in	in	ADP
easat-4440	48	29	market	market	NOUN
easat-4440	48	30	economies	economy	NOUN
easat-4440	48	31	[	[	X
easat-4440	48	32	6	6	NUM
easat-4440	48	33	]	]	PUNCT
easat-4440	48	34	.	.	PUNCT
easat-4440	49	1	but	but	CCONJ
easat-4440	49	2	strict	strict	ADJ
easat-4440	49	3	regulatory	regulatory	ADJ
easat-4440	49	4	measures	measure	NOUN
easat-4440	49	5	such	such	ADJ
easat-4440	49	6	as	as	ADP
easat-4440	49	7	tightening	tightening	ADJ
easat-4440	49	8	and	and	CCONJ
easat-4440	49	9	regulatory	regulatory	ADJ
easat-4440	49	10	policies	policy	NOUN
easat-4440	49	11	,	,	PUNCT
easat-4440	49	12	capital	capital	NOUN
easat-4440	49	13	buffers	buffer	NOUN
easat-4440	49	14	,	,	PUNCT
easat-4440	49	15	strengthening	strengthen	VERB
easat-4440	49	16	financial	financial	ADJ
easat-4440	49	17	incentives	incentive	NOUN
easat-4440	49	18	and	and	CCONJ
easat-4440	49	19	structural	structural	ADJ
easat-4440	49	20	and	and	CCONJ
easat-4440	49	21	institutional	institutional	ADJ
easat-4440	49	22	arrangements	arrangement	NOUN
easat-4440	49	23	implemented	implement	VERB
easat-4440	49	24	by	by	ADP
easat-4440	49	25	countries	country	NOUN
easat-4440	49	26	to	to	PART
easat-4440	49	27	strengthen	strengthen	VERB
easat-4440	49	28	their	their	PRON
easat-4440	49	29	economic	economic	ADJ
easat-4440	49	30	foundations	foundation	NOUN
easat-4440	49	31	in	in	ADP
easat-4440	49	32	the	the	DET
easat-4440	49	33	face	face	NOUN
easat-4440	49	34	of	of	ADP
easat-4440	49	35	the	the	DET
easat-4440	49	36	crises	crisis	NOUN
easat-4440	49	37	in	in	ADP
easat-4440	49	38	today	today	NOUN
easat-4440	49	39	's	's	PART
easat-4440	49	40	world	world	NOUN
easat-4440	49	41	can	can	AUX
easat-4440	49	42	create	create	VERB
easat-4440	49	43	uncertainties	uncertainty	NOUN
easat-4440	49	44	in	in	ADP
easat-4440	49	45	monetary	monetary	ADJ
easat-4440	49	46	and	and	CCONJ
easat-4440	49	47	fiscal	fiscal	ADJ
easat-4440	49	48	policies	policy	NOUN
easat-4440	49	49	and	and	CCONJ
easat-4440	49	50	have	have	VERB
easat-4440	49	51	negative	negative	ADJ
easat-4440	49	52	consequences	consequence	NOUN
easat-4440	49	53	on	on	ADP
easat-4440	49	54	the	the	DET
easat-4440	49	55	economic	economic	ADJ
easat-4440	49	56	structure	structure	NOUN
easat-4440	49	57	[	[	X
easat-4440	49	58	7	7	NUM
easat-4440	49	59	]	]	PUNCT
easat-4440	49	60	.	.	PUNCT
easat-4440	50	1	these	these	DET
easat-4440	50	2	uncertain	uncertain	ADJ
easat-4440	50	3	situations	situation	NOUN
easat-4440	50	4	can	can	AUX
easat-4440	50	5	cause	cause	VERB
easat-4440	50	6	recessions	recession	NOUN
easat-4440	50	7	in	in	ADP
easat-4440	50	8	both	both	CCONJ
easat-4440	50	9	the	the	DET
easat-4440	50	10	supplying	supplying	NOUN
easat-4440	50	11	and	and	CCONJ
easat-4440	50	12	the	the	DET
easat-4440	50	13	demanding	demand	VERB
easat-4440	50	14	sides	side	NOUN
easat-4440	50	15	of	of	ADP
easat-4440	50	16	the	the	DET
easat-4440	50	17	economy	economy	NOUN
easat-4440	50	18	by	by	ADP
easat-4440	50	19	bringing	bring	VERB
easat-4440	50	20	together	together	ADV
easat-4440	50	21	an	an	DET
easat-4440	50	22	increase	increase	NOUN
easat-4440	50	23	in	in	ADP
easat-4440	50	24	the	the	DET
easat-4440	50	25	concerns	concern	NOUN
easat-4440	50	26	of	of	ADP
easat-4440	50	27	companies	company	NOUN
easat-4440	50	28	and	and	CCONJ
easat-4440	50	29	individuals	individual	NOUN
easat-4440	50	30	about	about	ADP
easat-4440	50	31	the	the	DET
easat-4440	50	32	future	future	NOUN
easat-4440	50	33	.	.	PUNCT
easat-4440	51	1	therefore	therefore	ADV
easat-4440	51	2	,	,	PUNCT
easat-4440	51	3	they	they	PRON
easat-4440	51	4	can	can	AUX
easat-4440	51	5	delay	delay	VERB
easat-4440	51	6	their	their	PRON
easat-4440	51	7	investment	investment	NOUN
easat-4440	51	8	decisions	decision	NOUN
easat-4440	51	9	.	.	PUNCT
easat-4440	52	1	according	accord	VERB
easat-4440	52	2	to	to	ADP
easat-4440	52	3	the	the	DET
easat-4440	52	4	keynesian	keynesian	ADJ
easat-4440	52	5	model	model	NOUN
easat-4440	52	6	,	,	PUNCT
easat-4440	52	7	investments	investment	NOUN
easat-4440	52	8	have	have	VERB
easat-4440	52	9	an	an	DET
easat-4440	52	10	important	important	ADJ
easat-4440	52	11	place	place	NOUN
easat-4440	52	12	in	in	ADP
easat-4440	52	13	ensuring	ensure	VERB
easat-4440	52	14	economic	economic	ADJ
easat-4440	52	15	growth	growth	NOUN
easat-4440	52	16	and	and	CCONJ
easat-4440	52	17	balancing	balance	VERB
easat-4440	52	18	national	national	ADJ
easat-4440	52	19	income	income	NOUN
easat-4440	52	20	.	.	PUNCT
easat-4440	53	1	therefore	therefore	ADV
easat-4440	53	2	,	,	PUNCT
easat-4440	53	3	delaying	delay	VERB
easat-4440	53	4	investments	investment	NOUN
easat-4440	53	5	can	can	AUX
easat-4440	53	6	hurt	hurt	VERB
easat-4440	53	7	the	the	DET
easat-4440	53	8	recovery	recovery	NOUN
easat-4440	53	9	of	of	ADP
easat-4440	53	10	the	the	DET
easat-4440	53	11	economy	economy	NOUN
easat-4440	53	12	.	.	PUNCT
easat-4440	54	1	in	in	ADP
easat-4440	54	2	addition	addition	NOUN
easat-4440	54	3	,	,	PUNCT
easat-4440	54	4	policy	policy	NOUN
easat-4440	54	5	uncertainty	uncertainty	NOUN
easat-4440	54	6	increases	increase	VERB
easat-4440	54	7	borrowing	borrowing	NOUN
easat-4440	54	8	costs	cost	NOUN
easat-4440	54	9	as	as	SCONJ
easat-4440	54	10	it	it	PRON
easat-4440	54	11	significantly	significantly	ADV
easat-4440	54	12	increases	increase	VERB
easat-4440	54	13	the	the	DET
easat-4440	54	14	risk	risk	NOUN
easat-4440	54	15	in	in	ADP
easat-4440	54	16	the	the	DET
easat-4440	54	17	markets	market	NOUN
easat-4440	54	18	[	[	X
easat-4440	54	19	7	7	NUM
easat-4440	54	20	]	]	PUNCT
easat-4440	54	21	.	.	PUNCT
easat-4440	55	1	frequent	frequent	ADJ
easat-4440	55	2	changes	change	NOUN
easat-4440	55	3	in	in	ADP
easat-4440	55	4	government	government	NOUN
easat-4440	55	5	policies	policy	NOUN
easat-4440	55	6	create	create	VERB
easat-4440	55	7	uncertainties	uncertainty	NOUN
easat-4440	55	8	and	and	CCONJ
easat-4440	55	9	can	can	AUX
easat-4440	55	10	hurt	hurt	VERB
easat-4440	55	11	the	the	DET
easat-4440	55	12	behavior	behavior	NOUN
easat-4440	55	13	of	of	ADP
easat-4440	55	14	both	both	CCONJ
easat-4440	55	15	public	public	ADJ
easat-4440	55	16	administrators	administrator	NOUN
easat-4440	55	17	and	and	CCONJ
easat-4440	55	18	politicians	politician	NOUN
easat-4440	56	1	[	[	X
easat-4440	56	2	8	8	NUM
easat-4440	56	3	]	]	PUNCT
easat-4440	56	4	.	.	PUNCT
easat-4440	57	1	in	in	ADP
easat-4440	57	2	the	the	DET
easat-4440	57	3	face	face	NOUN
easat-4440	57	4	of	of	ADP
easat-4440	57	5	problems	problem	NOUN
easat-4440	57	6	,	,	PUNCT
easat-4440	57	7	such	such	ADJ
easat-4440	57	8	as	as	ADP
easat-4440	57	9	an	an	DET
easat-4440	57	10	ineffective	ineffective	ADJ
easat-4440	57	11	court	court	NOUN
easat-4440	57	12	mechanism	mechanism	NOUN
easat-4440	57	13	,	,	PUNCT
easat-4440	57	14	widespread	widespread	ADJ
easat-4440	57	15	criminal	criminal	ADJ
easat-4440	57	16	activity	activity	NOUN
easat-4440	57	17	many	many	ADJ
easat-4440	57	18	kinds	kind	NOUN
easat-4440	57	19	of	of	ADP
easat-4440	57	20	government	government	NOUN
easat-4440	57	21	corruption	corruption	NOUN
easat-4440	57	22	,	,	PUNCT
easat-4440	57	23	excessive	excessive	ADJ
easat-4440	57	24	taxes	taxis	NOUN
easat-4440	57	25	,	,	PUNCT
easat-4440	57	26	unsuccessful	unsuccessful	ADJ
easat-4440	57	27	management	management	NOUN
easat-4440	57	28	of	of	ADP
easat-4440	57	29	taxes	taxis	NOUN
easat-4440	57	30	,	,	PUNCT
easat-4440	57	31	illegal	illegal	ADJ
easat-4440	57	32	actions	action	NOUN
easat-4440	57	33	taken	take	VERB
easat-4440	57	34	by	by	ADP
easat-4440	57	35	informal	informal	ADJ
easat-4440	57	36	companies	company	NOUN
easat-4440	57	37	,	,	PUNCT
easat-4440	57	38	diminished	diminish	VERB
easat-4440	57	39	utilization	utilization	NOUN
easat-4440	57	40	of	of	ADP
easat-4440	57	41	financing	financing	NOUN
easat-4440	57	42	,	,	PUNCT
easat-4440	57	43	and	and	CCONJ
easat-4440	57	44	unstable	unstable	ADJ
easat-4440	57	45	politics	politic	NOUN
easat-4440	57	46	that	that	PRON
easat-4440	57	47	arise	arise	VERB
easat-4440	57	48	as	as	ADP
easat-4440	57	49	a	a	DET
easat-4440	57	50	result	result	NOUN
easat-4440	57	51	of	of	ADP
easat-4440	57	52	policy	policy	NOUN
easat-4440	57	53	uncertainty	uncertainty	NOUN
easat-4440	57	54	,	,	PUNCT
easat-4440	57	55	the	the	DET
easat-4440	57	56	environment	environment	NOUN
easat-4440	57	57	of	of	ADP
easat-4440	57	58	uncertainty	uncertainty	NOUN
easat-4440	57	59	may	may	AUX
easat-4440	57	60	also	also	ADV
easat-4440	57	61	increase	increase	VERB
easat-4440	57	62	[	[	X
easat-4440	57	63	9	9	NUM
easat-4440	57	64	]	]	PUNCT
easat-4440	57	65	.	.	PUNCT
easat-4440	58	1	economic	economic	ADJ
easat-4440	58	2	uncertainty	uncertainty	NOUN
easat-4440	58	3	stems	stem	VERB
easat-4440	58	4	from	from	ADP
easat-4440	58	5	the	the	DET
easat-4440	58	6	uncertainty	uncertainty	NOUN
easat-4440	58	7	and	and	CCONJ
easat-4440	58	8	discontinuity	discontinuity	NOUN
easat-4440	58	9	of	of	ADP
easat-4440	58	10	government	government	NOUN
easat-4440	58	11	policies	policy	NOUN
easat-4440	58	12	,	,	PUNCT
easat-4440	58	13	exacerbated	exacerbate	VERB
easat-4440	58	14	by	by	ADP
easat-4440	58	15	the	the	DET
easat-4440	58	16	government	government	NOUN
easat-4440	58	17	's	's	PART
easat-4440	58	18	senseless	senseless	ADJ
easat-4440	58	19	feedback	feedback	NOUN
easat-4440	58	20	on	on	ADP
easat-4440	58	21	changing	change	VERB
easat-4440	58	22	conditions	condition	NOUN
easat-4440	58	23	and	and	CCONJ
easat-4440	58	24	policy	policy	NOUN
easat-4440	58	25	objectives	objective	NOUN
easat-4440	58	26	[	[	X
easat-4440	58	27	5	5	NUM
easat-4440	58	28	]	]	PUNCT
easat-4440	58	29	.	.	PUNCT
easat-4440	59	1	when	when	SCONJ
easat-4440	59	2	there	there	PRON
easat-4440	59	3	is	be	VERB
easat-4440	59	4	uncertainty	uncertainty	NOUN
easat-4440	59	5	in	in	ADP
easat-4440	59	6	the	the	DET
easat-4440	59	7	economy	economy	NOUN
easat-4440	59	8	,	,	PUNCT
easat-4440	59	9	firms	firm	NOUN
easat-4440	59	10	and	and	CCONJ
easat-4440	59	11	banks	bank	NOUN
easat-4440	59	12	increase	increase	VERB
easat-4440	59	13	their	their	PRON
easat-4440	59	14	saving	save	VERB
easat-4440	59	15	tendencies	tendency	NOUN
easat-4440	59	16	by	by	ADP
easat-4440	59	17	keeping	keep	VERB
easat-4440	59	18	extra	extra	ADJ
easat-4440	59	19	cash	cash	NOUN
easat-4440	59	20	as	as	ADP
easat-4440	59	21	a	a	DET
easat-4440	59	22	precautionary	precautionary	ADJ
easat-4440	59	23	measure	measure	NOUN
easat-4440	59	24	.	.	PUNCT
easat-4440	60	1	as	as	ADP
easat-4440	60	2	a	a	DET
easat-4440	60	3	result	result	NOUN
easat-4440	60	4	,	,	PUNCT
easat-4440	60	5	companies	company	NOUN
easat-4440	60	6	delay	delay	VERB
easat-4440	60	7	their	their	PRON
easat-4440	60	8	investment	investment	NOUN
easat-4440	60	9	decisions	decision	NOUN
easat-4440	60	10	.	.	PUNCT
easat-4440	61	1	the	the	DET
easat-4440	61	2	decision	decision	NOUN
easat-4440	61	3	of	of	ADP
easat-4440	61	4	banks	bank	NOUN
easat-4440	61	5	to	to	PART
easat-4440	61	6	increase	increase	VERB
easat-4440	61	7	their	their	PRON
easat-4440	61	8	mandatory	mandatory	ADJ
easat-4440	61	9	assets	asset	NOUN
easat-4440	61	10	and	and	CCONJ
easat-4440	61	11	the	the	DET
easat-4440	61	12	tendency	tendency	NOUN
easat-4440	61	13	of	of	ADP
easat-4440	61	14	146	146	NUM
easat-4440	61	15	edelweiss	edelweiss	PROPN
easat-4440	61	16	applied	apply	VERB
easat-4440	61	17	science	science	NOUN
easat-4440	61	18	and	and	CCONJ
easat-4440	61	19	technology	technology	NOUN
easat-4440	61	20	issn	issn	PROPN
easat-4440	61	21	:	:	PUNCT
easat-4440	61	22	2576	2576	NUM
easat-4440	61	23	-	-	SYM
easat-4440	61	24	8484	8484	NUM
easat-4440	61	25	vol	vol	NOUN
easat-4440	61	26	.	.	PROPN
easat-4440	61	27	9	9	NUM
easat-4440	61	28	,	,	PUNCT
easat-4440	61	29	no	no	INTJ
easat-4440	61	30	.	.	NOUN
easat-4440	62	1	2	2	NUM
easat-4440	62	2	:	:	SYM
easat-4440	62	3	144	144	NUM
easat-4440	62	4	-	-	SYM
easat-4440	62	5	159	159	NUM
easat-4440	62	6	,	,	PUNCT
easat-4440	62	7	2025	2025	NUM
easat-4440	62	8	doi	doi	NOUN
easat-4440	62	9	:	:	PUNCT
easat-4440	62	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	62	11	©	©	PROPN
easat-4440	62	12	2025	2025	NUM
easat-4440	62	13	by	by	ADP
easat-4440	62	14	the	the	DET
easat-4440	62	15	author	author	NOUN
easat-4440	62	16	;	;	PUNCT
easat-4440	62	17	licensee	licensee	PROPN
easat-4440	62	18	learning	learn	VERB
easat-4440	62	19	gate	gate	NOUN
easat-4440	62	20	investments	investment	NOUN
easat-4440	62	21	to	to	PART
easat-4440	62	22	decrease	decrease	VERB
easat-4440	62	23	may	may	AUX
easat-4440	62	24	result	result	VERB
easat-4440	62	25	in	in	ADP
easat-4440	62	26	an	an	DET
easat-4440	62	27	economic	economic	ADJ
easat-4440	62	28	recession	recession	NOUN
easat-4440	62	29	by	by	ADP
easat-4440	62	30	impeding	impede	VERB
easat-4440	62	31	the	the	DET
easat-4440	62	32	cash	cash	NOUN
easat-4440	62	33	flow	flow	NOUN
easat-4440	62	34	in	in	ADP
easat-4440	62	35	the	the	DET
easat-4440	62	36	market	market	NOUN
easat-4440	62	37	.	.	PUNCT
easat-4440	63	1	therefore	therefore	ADV
easat-4440	63	2	,	,	PUNCT
easat-4440	63	3	the	the	DET
easat-4440	63	4	economy	economy	NOUN
easat-4440	63	5	as	as	ADP
easat-4440	63	6	a	a	DET
easat-4440	63	7	whole	whole	NOUN
easat-4440	63	8	is	be	AUX
easat-4440	63	9	adversely	adversely	ADV
easat-4440	63	10	affected	affect	VERB
easat-4440	63	11	.	.	PUNCT
easat-4440	64	1	in	in	ADP
easat-4440	64	2	developing	develop	VERB
easat-4440	64	3	countries	country	NOUN
easat-4440	64	4	,	,	PUNCT
easat-4440	64	5	economic	economic	ADJ
easat-4440	64	6	uncertainties	uncertainty	NOUN
easat-4440	64	7	arising	arise	VERB
easat-4440	64	8	due	due	ADP
easat-4440	64	9	to	to	ADP
easat-4440	64	10	asymmetric	asymmetric	ADJ
easat-4440	64	11	information	information	NOUN
easat-4440	64	12	,	,	PUNCT
easat-4440	64	13	low	low	ADJ
easat-4440	64	14	production	production	NOUN
easat-4440	64	15	levels	level	NOUN
easat-4440	64	16	and	and	CCONJ
easat-4440	64	17	inadequacies	inadequacy	NOUN
easat-4440	64	18	in	in	ADP
easat-4440	64	19	technological	technological	ADJ
easat-4440	64	20	development	development	NOUN
easat-4440	64	21	are	be	AUX
easat-4440	64	22	experienced	experience	VERB
easat-4440	64	23	more	more	ADV
easat-4440	64	24	intensely	intensely	ADV
easat-4440	64	25	[	[	X
easat-4440	64	26	5	5	NUM
easat-4440	64	27	]	]	PUNCT
easat-4440	64	28	.	.	PUNCT
easat-4440	65	1	developing	develop	VERB
easat-4440	65	2	countries	country	NOUN
easat-4440	65	3	are	be	AUX
easat-4440	65	4	more	more	ADV
easat-4440	65	5	dependent	dependent	ADJ
easat-4440	65	6	on	on	ADP
easat-4440	65	7	economically	economically	ADV
easat-4440	65	8	developed	develop	VERB
easat-4440	65	9	countries	country	NOUN
easat-4440	65	10	and	and	CCONJ
easat-4440	65	11	international	international	ADJ
easat-4440	65	12	financial	financial	ADJ
easat-4440	65	13	institutions	institution	NOUN
easat-4440	65	14	due	due	ADP
easat-4440	65	15	to	to	ADP
easat-4440	65	16	the	the	DET
easat-4440	65	17	effect	effect	NOUN
easat-4440	65	18	of	of	ADP
easat-4440	65	19	the	the	DET
easat-4440	65	20	globalization	globalization	NOUN
easat-4440	65	21	environment	environment	NOUN
easat-4440	65	22	.	.	PUNCT
easat-4440	66	1	for	for	ADP
easat-4440	66	2	this	this	DET
easat-4440	66	3	reason	reason	NOUN
easat-4440	66	4	,	,	PUNCT
easat-4440	66	5	in	in	ADP
easat-4440	66	6	the	the	DET
easat-4440	66	7	event	event	NOUN
easat-4440	66	8	of	of	ADP
easat-4440	66	9	a	a	DET
easat-4440	66	10	crisis	crisis	NOUN
easat-4440	66	11	in	in	ADP
easat-4440	66	12	the	the	DET
easat-4440	66	13	global	global	ADJ
easat-4440	66	14	environment	environment	NOUN
easat-4440	66	15	,	,	PUNCT
easat-4440	66	16	an	an	DET
easat-4440	66	17	environment	environment	NOUN
easat-4440	66	18	of	of	ADP
easat-4440	66	19	uncertainty	uncertainty	NOUN
easat-4440	66	20	may	may	AUX
easat-4440	66	21	arise	arise	VERB
easat-4440	66	22	as	as	SCONJ
easat-4440	66	23	the	the	DET
easat-4440	66	24	risk	risk	NOUN
easat-4440	66	25	environment	environment	NOUN
easat-4440	66	26	is	be	AUX
easat-4440	66	27	more	more	ADV
easat-4440	66	28	experienced	experienced	ADJ
easat-4440	66	29	in	in	ADP
easat-4440	66	30	the	the	DET
easat-4440	66	31	economic	economic	ADJ
easat-4440	66	32	and	and	CCONJ
easat-4440	66	33	political	political	ADJ
easat-4440	66	34	situations	situation	NOUN
easat-4440	66	35	of	of	ADP
easat-4440	66	36	developing	develop	VERB
easat-4440	66	37	countries	country	NOUN
easat-4440	66	38	.	.	PUNCT
easat-4440	67	1	the	the	DET
easat-4440	67	2	reason	reason	NOUN
easat-4440	67	3	why	why	SCONJ
easat-4440	67	4	policymakers	policymaker	NOUN
easat-4440	67	5	'	'	PART
easat-4440	67	6	economic	economic	ADJ
easat-4440	67	7	policy	policy	NOUN
easat-4440	67	8	decisions	decision	NOUN
easat-4440	67	9	are	be	AUX
easat-4440	67	10	the	the	DET
easat-4440	67	11	focal	focal	ADJ
easat-4440	67	12	point	point	NOUN
easat-4440	67	13	of	of	ADP
easat-4440	67	14	macroeconomic	macroeconomic	ADJ
easat-4440	67	15	uncertainty	uncertainty	NOUN
easat-4440	67	16	is	be	AUX
easat-4440	67	17	that	that	SCONJ
easat-4440	67	18	they	they	PRON
easat-4440	67	19	have	have	AUX
easat-4440	67	20	recently	recently	ADV
easat-4440	67	21	become	become	VERB
easat-4440	67	22	one	one	NUM
easat-4440	67	23	of	of	ADP
easat-4440	67	24	the	the	DET
easat-4440	67	25	most	most	ADV
easat-4440	67	26	important	important	ADJ
easat-4440	67	27	agenda	agenda	NOUN
easat-4440	67	28	topics	topic	NOUN
easat-4440	67	29	[	[	X
easat-4440	67	30	10	10	NUM
easat-4440	67	31	]	]	PUNCT
easat-4440	67	32	.	.	PUNCT
easat-4440	68	1	the	the	DET
easat-4440	68	2	economic	economic	ADJ
easat-4440	68	3	body	body	NOUN
easat-4440	68	4	's	's	PART
easat-4440	68	5	inability	inability	NOUN
easat-4440	68	6	to	to	PART
easat-4440	68	7	predict	predict	VERB
easat-4440	68	8	clearly	clearly	ADV
easat-4440	68	9	how	how	SCONJ
easat-4440	68	10	and	and	CCONJ
easat-4440	68	11	under	under	ADP
easat-4440	68	12	what	what	DET
easat-4440	68	13	conditions	condition	NOUN
easat-4440	68	14	the	the	DET
easat-4440	68	15	government	government	NOUN
easat-4440	68	16	's	's	PART
easat-4440	68	17	economic	economic	ADJ
easat-4440	68	18	policy	policy	NOUN
easat-4440	68	19	will	will	AUX
easat-4440	68	20	change	change	VERB
easat-4440	68	21	gives	give	VERB
easat-4440	68	22	birth	birth	NOUN
easat-4440	68	23	to	to	ADP
easat-4440	68	24	epu	epu	PROPN
easat-4440	68	25	[	[	X
easat-4440	68	26	11	11	NUM
easat-4440	68	27	]	]	PUNCT
easat-4440	68	28	.	.	PUNCT
easat-4440	69	1	negative	negative	ADJ
easat-4440	69	2	conditions	condition	NOUN
easat-4440	69	3	and	and	CCONJ
easat-4440	69	4	uncertainties	uncertainty	NOUN
easat-4440	69	5	in	in	ADP
easat-4440	69	6	macroeconomic	macroeconomic	ADJ
easat-4440	69	7	variables	variable	NOUN
easat-4440	69	8	like	like	ADP
easat-4440	69	9	economic	economic	ADJ
easat-4440	69	10	output	output	NOUN
easat-4440	69	11	,	,	PUNCT
easat-4440	69	12	unemployment	unemployment	NOUN
easat-4440	69	13	rate	rate	NOUN
easat-4440	69	14	,	,	PUNCT
easat-4440	69	15	and	and	CCONJ
easat-4440	69	16	price	price	NOUN
easat-4440	69	17	increases	increase	NOUN
easat-4440	69	18	affect	affect	VERB
easat-4440	69	19	consumer	consumer	NOUN
easat-4440	69	20	and	and	CCONJ
easat-4440	69	21	business	business	NOUN
easat-4440	69	22	expectations	expectation	NOUN
easat-4440	69	23	for	for	ADP
easat-4440	69	24	the	the	DET
easat-4440	69	25	future	future	NOUN
easat-4440	69	26	.	.	PUNCT
easat-4440	70	1	as	as	ADP
easat-4440	70	2	a	a	DET
easat-4440	70	3	result	result	NOUN
easat-4440	70	4	,	,	PUNCT
easat-4440	70	5	the	the	DET
easat-4440	70	6	impact	impact	NOUN
easat-4440	70	7	of	of	ADP
easat-4440	70	8	economic	economic	ADJ
easat-4440	70	9	policies	policy	NOUN
easat-4440	70	10	plays	play	VERB
easat-4440	70	11	an	an	DET
easat-4440	70	12	important	important	ADJ
easat-4440	70	13	role	role	NOUN
easat-4440	70	14	in	in	ADP
easat-4440	70	15	economic	economic	ADJ
easat-4440	70	16	units	unit	NOUN
easat-4440	70	17	'	'	PART
easat-4440	70	18	future	future	ADJ
easat-4440	70	19	decisions	decision	NOUN
easat-4440	70	20	.	.	PUNCT
easat-4440	71	1	therefore	therefore	ADV
easat-4440	71	2	,	,	PUNCT
easat-4440	71	3	accurate	accurate	ADJ
easat-4440	71	4	estimation	estimation	NOUN
easat-4440	71	5	and	and	CCONJ
easat-4440	71	6	understanding	understanding	NOUN
easat-4440	71	7	of	of	ADP
easat-4440	71	8	epu	epu	PROPN
easat-4440	71	9	have	have	AUX
easat-4440	71	10	recently	recently	ADV
easat-4440	71	11	become	become	VERB
easat-4440	71	12	an	an	DET
easat-4440	71	13	important	important	ADJ
easat-4440	71	14	concern	concern	NOUN
easat-4440	71	15	.	.	PUNCT
easat-4440	72	1	epu	epu	PROPN
easat-4440	72	2	affects	affect	VERB
easat-4440	72	3	the	the	DET
easat-4440	72	4	country	country	NOUN
easat-4440	72	5	's	's	PART
easat-4440	72	6	economy	economy	NOUN
easat-4440	72	7	at	at	ADP
easat-4440	72	8	micro	micro	ADJ
easat-4440	72	9	and	and	CCONJ
easat-4440	72	10	macro	macro	ADJ
easat-4440	72	11	levels	level	NOUN
easat-4440	72	12	.	.	PUNCT
easat-4440	73	1	firms	firm	NOUN
easat-4440	73	2	that	that	PRON
easat-4440	73	3	are	be	AUX
easat-4440	73	4	more	more	ADV
easat-4440	73	5	exposed	expose	VERB
easat-4440	73	6	to	to	ADP
easat-4440	73	7	government	government	NOUN
easat-4440	73	8	purchases	purchase	NOUN
easat-4440	73	9	at	at	ADP
easat-4440	73	10	the	the	DET
easat-4440	73	11	micro	micro	ADJ
easat-4440	73	12	level	level	NOUN
easat-4440	73	13	may	may	AUX
easat-4440	73	14	resort	resort	VERB
easat-4440	73	15	to	to	ADP
easat-4440	73	16	practices	practice	NOUN
easat-4440	73	17	that	that	PRON
easat-4440	73	18	will	will	AUX
easat-4440	73	19	lead	lead	VERB
easat-4440	73	20	to	to	ADP
easat-4440	73	21	a	a	DET
easat-4440	73	22	decrease	decrease	NOUN
easat-4440	73	23	in	in	ADP
easat-4440	73	24	investment	investment	NOUN
easat-4440	73	25	and	and	CCONJ
easat-4440	73	26	employment	employment	NOUN
easat-4440	73	27	rates	rate	NOUN
easat-4440	73	28	,	,	PUNCT
easat-4440	73	29	as	as	SCONJ
easat-4440	73	30	the	the	DET
easat-4440	73	31	volatility	volatility	NOUN
easat-4440	73	32	of	of	ADP
easat-4440	73	33	stocks	stock	NOUN
easat-4440	73	34	becomes	become	VERB
easat-4440	73	35	more	more	ADV
easat-4440	73	36	pronounced	pronounced	ADJ
easat-4440	73	37	in	in	ADP
easat-4440	73	38	the	the	DET
easat-4440	73	39	event	event	NOUN
easat-4440	73	40	of	of	ADP
easat-4440	73	41	epu	epu	PROPN
easat-4440	74	1	[	[	X
easat-4440	74	2	1	1	NUM
easat-4440	74	3	]	]	PUNCT
easat-4440	74	4	.	.	PUNCT
easat-4440	75	1	for	for	ADP
easat-4440	75	2	this	this	DET
easat-4440	75	3	reason	reason	NOUN
easat-4440	75	4	,	,	PUNCT
easat-4440	75	5	economic	economic	ADJ
easat-4440	75	6	performance	performance	NOUN
easat-4440	75	7	may	may	AUX
easat-4440	75	8	be	be	AUX
easat-4440	75	9	adversely	adversely	ADV
easat-4440	75	10	affected	affect	VERB
easat-4440	75	11	as	as	ADP
easat-4440	75	12	a	a	DET
easat-4440	75	13	result	result	NOUN
easat-4440	75	14	of	of	ADP
easat-4440	75	15	low	low	ADJ
easat-4440	75	16	investment	investment	NOUN
easat-4440	75	17	and	and	CCONJ
easat-4440	75	18	reductions	reduction	NOUN
easat-4440	75	19	in	in	ADP
easat-4440	75	20	commercial	commercial	ADJ
easat-4440	75	21	activities	activity	NOUN
easat-4440	75	22	.	.	PUNCT
easat-4440	76	1	at	at	ADP
easat-4440	76	2	a	a	DET
easat-4440	76	3	macro	macro	ADJ
easat-4440	76	4	scale	scale	NOUN
easat-4440	76	5	,	,	PUNCT
easat-4440	76	6	firms	firm	NOUN
easat-4440	76	7	may	may	AUX
easat-4440	76	8	postpone	postpone	VERB
easat-4440	76	9	risk	risk	NOUN
easat-4440	76	10	-	-	PUNCT
easat-4440	76	11	taking	taking	NOUN
easat-4440	76	12	and	and	CCONJ
easat-4440	76	13	investment	investment	NOUN
easat-4440	76	14	(	(	PUNCT
easat-4440	76	15	particularly	particularly	ADV
easat-4440	76	16	long	long	ADJ
easat-4440	76	17	-	-	PUNCT
easat-4440	76	18	term	term	NOUN
easat-4440	76	19	investment	investment	NOUN
easat-4440	76	20	)	)	PUNCT
easat-4440	76	21	decisions	decision	NOUN
easat-4440	76	22	in	in	ADP
easat-4440	76	23	the	the	DET
easat-4440	76	24	event	event	NOUN
easat-4440	76	25	of	of	ADP
easat-4440	76	26	epu	epu	PROPN
easat-4440	76	27	due	due	ADP
easat-4440	76	28	to	to	ADP
easat-4440	76	29	an	an	DET
easat-4440	76	30	increase	increase	NOUN
easat-4440	76	31	in	in	ADP
easat-4440	76	32	their	their	PRON
easat-4440	76	33	expenses	expense	NOUN
easat-4440	76	34	of	of	ADP
easat-4440	76	35	funding	funding	NOUN
easat-4440	76	36	[	[	X
easat-4440	76	37	12	12	NUM
easat-4440	76	38	]	]	PUNCT
easat-4440	76	39	.	.	PUNCT
easat-4440	77	1	depending	depend	VERB
easat-4440	77	2	on	on	ADP
easat-4440	77	3	the	the	DET
easat-4440	77	4	decrease	decrease	NOUN
easat-4440	77	5	in	in	ADP
easat-4440	77	6	investments	investment	NOUN
easat-4440	77	7	,	,	PUNCT
easat-4440	77	8	the	the	DET
easat-4440	77	9	production	production	NOUN
easat-4440	77	10	and	and	CCONJ
easat-4440	77	11	employment	employment	NOUN
easat-4440	77	12	structure	structure	NOUN
easat-4440	77	13	are	be	AUX
easat-4440	77	14	also	also	ADV
easat-4440	77	15	adversely	adversely	ADV
easat-4440	77	16	affected	affect	VERB
easat-4440	77	17	.	.	PUNCT
easat-4440	78	1	furthermore	furthermore	ADV
easat-4440	78	2	,	,	PUNCT
easat-4440	78	3	according	accord	VERB
easat-4440	78	4	to	to	ADP
easat-4440	78	5	baker	baker	PROPN
easat-4440	78	6	,	,	PUNCT
easat-4440	78	7	et	et	PROPN
easat-4440	78	8	al	al	PROPN
easat-4440	78	9	.	.	PUNCT
easat-4440	79	1	[	[	X
easat-4440	79	2	1	1	X
easat-4440	79	3	]	]	PUNCT
easat-4440	79	4	when	when	SCONJ
easat-4440	79	5	there	there	PRON
easat-4440	79	6	is	be	VERB
easat-4440	79	7	high	high	ADJ
easat-4440	79	8	uncertainty	uncertainty	NOUN
easat-4440	79	9	,	,	PUNCT
easat-4440	79	10	individuals	individual	NOUN
easat-4440	79	11	may	may	AUX
easat-4440	79	12	reduce	reduce	VERB
easat-4440	79	13	their	their	PRON
easat-4440	79	14	spending	spending	NOUN
easat-4440	79	15	,	,	PUNCT
easat-4440	79	16	especially	especially	ADV
easat-4440	79	17	on	on	ADP
easat-4440	79	18	durable	durable	ADJ
easat-4440	79	19	consumer	consumer	NOUN
easat-4440	79	20	goods	good	NOUN
easat-4440	79	21	and	and	CCONJ
easat-4440	79	22	decide	decide	VERB
easat-4440	79	23	to	to	PART
easat-4440	79	24	increase	increase	VERB
easat-4440	79	25	their	their	PRON
easat-4440	79	26	liquid	liquid	ADJ
easat-4440	79	27	assets	asset	NOUN
easat-4440	79	28	.	.	PUNCT
easat-4440	80	1	in	in	ADP
easat-4440	80	2	the	the	DET
easat-4440	80	3	case	case	NOUN
easat-4440	80	4	of	of	ADP
easat-4440	80	5	epu	epu	PROPN
easat-4440	80	6	,	,	PUNCT
easat-4440	80	7	the	the	DET
easat-4440	80	8	perspective	perspective	NOUN
easat-4440	80	9	of	of	ADP
easat-4440	80	10	individuals	individual	NOUN
easat-4440	80	11	and	and	CCONJ
easat-4440	80	12	firms	firm	NOUN
easat-4440	80	13	on	on	ADP
easat-4440	80	14	economic	economic	ADJ
easat-4440	80	15	events	event	NOUN
easat-4440	80	16	may	may	AUX
easat-4440	80	17	appear	appear	VERB
easat-4440	80	18	biased	biased	ADJ
easat-4440	80	19	and	and	CCONJ
easat-4440	80	20	unrealistic	unrealistic	ADJ
easat-4440	80	21	.	.	PUNCT
easat-4440	81	1	for	for	ADP
easat-4440	81	2	this	this	DET
easat-4440	81	3	reason	reason	NOUN
easat-4440	81	4	,	,	PUNCT
easat-4440	81	5	they	they	PRON
easat-4440	81	6	may	may	AUX
easat-4440	81	7	be	be	AUX
easat-4440	81	8	indifferent	indifferent	ADJ
easat-4440	81	9	to	to	PART
easat-4440	81	10	make	make	VERB
easat-4440	81	11	strong	strong	ADJ
easat-4440	81	12	decisions	decision	NOUN
easat-4440	81	13	in	in	ADP
easat-4440	81	14	order	order	NOUN
easat-4440	81	15	to	to	PART
easat-4440	81	16	take	take	VERB
easat-4440	81	17	action	action	NOUN
easat-4440	81	18	in	in	ADP
easat-4440	81	19	the	the	DET
easat-4440	81	20	next	next	ADJ
easat-4440	81	21	period	period	NOUN
easat-4440	81	22	.	.	PUNCT
easat-4440	82	1	at	at	ADP
easat-4440	82	2	the	the	DET
easat-4440	82	3	same	same	ADJ
easat-4440	82	4	time	time	NOUN
easat-4440	82	5	,	,	PUNCT
easat-4440	82	6	investors	investor	NOUN
easat-4440	82	7	from	from	ADP
easat-4440	82	8	abroad	abroad	ADV
easat-4440	82	9	may	may	AUX
easat-4440	82	10	decide	decide	VERB
easat-4440	82	11	to	to	PART
easat-4440	82	12	delay	delay	VERB
easat-4440	82	13	their	their	PRON
easat-4440	82	14	investments	investment	NOUN
easat-4440	82	15	if	if	SCONJ
easat-4440	82	16	they	they	PRON
easat-4440	82	17	think	think	VERB
easat-4440	82	18	that	that	SCONJ
easat-4440	82	19	adverse	adverse	ADJ
easat-4440	82	20	conditions	condition	NOUN
easat-4440	82	21	,	,	PUNCT
easat-4440	82	22	such	such	ADJ
easat-4440	82	23	as	as	ADP
easat-4440	82	24	epu	epu	NOUN
easat-4440	82	25	,	,	PUNCT
easat-4440	82	26	will	will	AUX
easat-4440	82	27	reduce	reduce	VERB
easat-4440	82	28	the	the	DET
easat-4440	82	29	efficiency	efficiency	NOUN
easat-4440	82	30	of	of	ADP
easat-4440	82	31	their	their	PRON
easat-4440	82	32	investments	investment	NOUN
easat-4440	82	33	.	.	PUNCT
easat-4440	83	1	as	as	ADP
easat-4440	83	2	a	a	DET
easat-4440	83	3	result	result	NOUN
easat-4440	83	4	,	,	PUNCT
easat-4440	83	5	an	an	DET
easat-4440	83	6	increase	increase	NOUN
easat-4440	83	7	in	in	ADP
easat-4440	83	8	epu	epu	NOUN
easat-4440	83	9	can	can	AUX
easat-4440	83	10	be	be	AUX
easat-4440	83	11	detrimental	detrimental	ADJ
easat-4440	83	12	to	to	ADP
easat-4440	83	13	the	the	DET
easat-4440	83	14	market	market	NOUN
easat-4440	83	15	in	in	ADP
easat-4440	83	16	terms	term	NOUN
easat-4440	83	17	of	of	ADP
easat-4440	83	18	both	both	DET
easat-4440	83	19	supply	supply	NOUN
easat-4440	83	20	and	and	CCONJ
easat-4440	83	21	demand	demand	NOUN
easat-4440	83	22	.	.	PUNCT
easat-4440	84	1	institutions	institution	NOUN
easat-4440	84	2	are	be	AUX
easat-4440	84	3	intricate	intricate	ADJ
easat-4440	84	4	systems	system	NOUN
easat-4440	84	5	,	,	PUNCT
easat-4440	84	6	which	which	PRON
easat-4440	84	7	influence	influence	NOUN
easat-4440	84	8	and	and	CCONJ
easat-4440	84	9	constrain	constrain	VERB
easat-4440	84	10	society	society	NOUN
easat-4440	84	11	's	's	PART
easat-4440	84	12	socioeconomic	socioeconomic	ADJ
easat-4440	84	13	foundations	foundation	NOUN
easat-4440	84	14	[	[	X
easat-4440	84	15	13	13	NUM
easat-4440	84	16	]	]	PUNCT
easat-4440	84	17	.	.	PUNCT
easat-4440	85	1	according	accord	VERB
easat-4440	85	2	to	to	ADP
easat-4440	85	3	the	the	DET
easat-4440	85	4	new	new	ADJ
easat-4440	85	5	corporate	corporate	ADJ
easat-4440	85	6	economy	economy	NOUN
easat-4440	85	7	,	,	PUNCT
easat-4440	85	8	since	since	SCONJ
easat-4440	85	9	firms	firm	NOUN
easat-4440	85	10	operate	operate	VERB
easat-4440	85	11	in	in	ADP
easat-4440	85	12	an	an	DET
easat-4440	85	13	environment	environment	NOUN
easat-4440	85	14	of	of	ADP
easat-4440	85	15	uncertainty	uncertainty	NOUN
easat-4440	85	16	concerning	concern	VERB
easat-4440	85	17	the	the	DET
easat-4440	85	18	success	success	NOUN
easat-4440	85	19	or	or	CCONJ
easat-4440	85	20	failure	failure	NOUN
easat-4440	85	21	of	of	ADP
easat-4440	85	22	their	their	PRON
easat-4440	85	23	business	business	NOUN
easat-4440	85	24	methods	method	NOUN
easat-4440	85	25	,	,	PUNCT
easat-4440	85	26	they	they	PRON
easat-4440	85	27	lack	lack	VERB
easat-4440	85	28	insight	insight	NOUN
easat-4440	85	29	into	into	ADP
easat-4440	85	30	how	how	SCONJ
easat-4440	85	31	the	the	DET
easat-4440	85	32	economy	economy	NOUN
easat-4440	85	33	works	work	VERB
easat-4440	85	34	in	in	ADP
easat-4440	85	35	its	its	PRON
easat-4440	85	36	entirety	entirety	NOUN
easat-4440	85	37	,	,	PUNCT
easat-4440	85	38	so	so	SCONJ
easat-4440	85	39	they	they	PRON
easat-4440	85	40	trust	trust	VERB
easat-4440	85	41	institutions	institution	NOUN
easat-4440	85	42	to	to	PART
easat-4440	85	43	make	make	VERB
easat-4440	85	44	their	their	PRON
easat-4440	85	45	decisions	decision	NOUN
easat-4440	85	46	and	and	CCONJ
easat-4440	85	47	seek	seek	VERB
easat-4440	85	48	credibility	credibility	NOUN
easat-4440	85	49	in	in	ADP
easat-4440	85	50	their	their	PRON
easat-4440	85	51	activities	activity	NOUN
easat-4440	85	52	[	[	X
easat-4440	85	53	14	14	NUM
easat-4440	85	54	]	]	PUNCT
easat-4440	85	55	.	.	PUNCT
easat-4440	86	1	therefore	therefore	ADV
easat-4440	86	2	,	,	PUNCT
easat-4440	86	3	when	when	SCONJ
easat-4440	86	4	the	the	DET
easat-4440	86	5	performance	performance	NOUN
easat-4440	86	6	values	value	NOUN
easat-4440	86	7	of	of	ADP
easat-4440	86	8	the	the	DET
easat-4440	86	9	institutions	institution	NOUN
easat-4440	86	10	increase	increase	VERB
easat-4440	86	11	,	,	PUNCT
easat-4440	86	12	the	the	DET
easat-4440	86	13	uncertainties	uncertainty	NOUN
easat-4440	86	14	arising	arise	VERB
easat-4440	86	15	from	from	ADP
easat-4440	86	16	human	human	ADJ
easat-4440	86	17	interactions	interaction	NOUN
easat-4440	86	18	can	can	AUX
easat-4440	86	19	be	be	AUX
easat-4440	86	20	minimized	minimize	VERB
easat-4440	86	21	[	[	PUNCT
easat-4440	86	22	15	15	NUM
easat-4440	86	23	-	-	SYM
easat-4440	86	24	17	17	NUM
easat-4440	86	25	]	]	PUNCT
easat-4440	86	26	.	.	PUNCT
easat-4440	87	1	institutions	institution	NOUN
easat-4440	87	2	aim	aim	VERB
easat-4440	87	3	to	to	PART
easat-4440	87	4	put	put	VERB
easat-4440	87	5	social	social	ADJ
easat-4440	87	6	relations	relation	NOUN
easat-4440	87	7	and	and	CCONJ
easat-4440	87	8	the	the	DET
easat-4440	87	9	activities	activity	NOUN
easat-4440	87	10	of	of	ADP
easat-4440	87	11	economic	economic	ADJ
easat-4440	87	12	actors	actor	NOUN
easat-4440	87	13	in	in	ADP
easat-4440	87	14	a	a	DET
easat-4440	87	15	certain	certain	ADJ
easat-4440	87	16	order	order	NOUN
easat-4440	87	17	as	as	ADP
easat-4440	87	18	a	a	DET
easat-4440	87	19	result	result	NOUN
easat-4440	87	20	of	of	ADP
easat-4440	87	21	changing	change	VERB
easat-4440	87	22	economic	economic	ADJ
easat-4440	87	23	and	and	CCONJ
easat-4440	87	24	social	social	ADJ
easat-4440	87	25	conditions	condition	NOUN
easat-4440	87	26	.	.	PUNCT
easat-4440	88	1	companies	company	NOUN
easat-4440	88	2	are	be	AUX
easat-4440	88	3	about	about	ADJ
easat-4440	88	4	to	to	PART
easat-4440	88	5	develop	develop	VERB
easat-4440	88	6	strategies	strategy	NOUN
easat-4440	88	7	suitable	suitable	ADJ
easat-4440	88	8	for	for	ADP
easat-4440	88	9	the	the	DET
easat-4440	88	10	situation	situation	NOUN
easat-4440	88	11	that	that	PRON
easat-4440	88	12	can	can	AUX
easat-4440	88	13	cope	cope	VERB
easat-4440	88	14	with	with	ADP
easat-4440	88	15	the	the	DET
easat-4440	88	16	difficulties	difficulty	NOUN
easat-4440	88	17	and	and	CCONJ
easat-4440	88	18	decision	decision	NOUN
easat-4440	88	19	-	-	PUNCT
easat-4440	88	20	making	make	VERB
easat-4440	88	21	problems	problem	NOUN
easat-4440	88	22	that	that	PRON
easat-4440	88	23	may	may	AUX
easat-4440	88	24	occur	occur	VERB
easat-4440	88	25	in	in	ADP
easat-4440	88	26	situations	situation	NOUN
easat-4440	88	27	of	of	ADP
easat-4440	88	28	risk	risk	NOUN
easat-4440	88	29	and	and	CCONJ
easat-4440	88	30	uncertainty	uncertainty	NOUN
easat-4440	88	31	that	that	PRON
easat-4440	88	32	may	may	AUX
easat-4440	88	33	occur	occur	VERB
easat-4440	88	34	in	in	ADP
easat-4440	88	35	the	the	DET
easat-4440	88	36	economy	economy	NOUN
easat-4440	89	1	[	[	X
easat-4440	89	2	18	18	NUM
easat-4440	89	3	]	]	PUNCT
easat-4440	89	4	.	.	PUNCT
easat-4440	90	1	one	one	NUM
easat-4440	90	2	way	way	NOUN
easat-4440	90	3	to	to	PART
easat-4440	90	4	do	do	VERB
easat-4440	90	5	this	this	PRON
easat-4440	90	6	is	be	AUX
easat-4440	90	7	to	to	PART
easat-4440	90	8	align	align	VERB
easat-4440	90	9	with	with	ADP
easat-4440	90	10	institutions	institution	NOUN
easat-4440	90	11	to	to	PART
easat-4440	90	12	legitimize	legitimize	VERB
easat-4440	90	13	implemented	implement	VERB
easat-4440	90	14	strategies	strategy	NOUN
easat-4440	90	15	tamanaha	tamanaha	NOUN
easat-4440	90	16	[	[	X
easat-4440	90	17	18	18	NUM
easat-4440	90	18	]	]	PUNCT
easat-4440	90	19	.	.	PUNCT
easat-4440	91	1	rodrik	rodrik	PROPN
easat-4440	91	2	[	[	X
easat-4440	91	3	19	19	NUM
easat-4440	91	4	]	]	PUNCT
easat-4440	91	5	refers	refer	VERB
easat-4440	91	6	to	to	ADP
easat-4440	91	7	the	the	DET
easat-4440	91	8	new	new	ADJ
easat-4440	91	9	institutional	institutional	ADJ
easat-4440	91	10	economics	economic	NOUN
easat-4440	91	11	can	can	AUX
easat-4440	91	12	be	be	AUX
easat-4440	91	13	defined	define	VERB
easat-4440	91	14	as	as	ADP
easat-4440	91	15	institutional	institutional	ADJ
easat-4440	91	16	rules	rule	NOUN
easat-4440	91	17	and	and	CCONJ
easat-4440	91	18	useful	useful	ADJ
easat-4440	91	19	constraints	constraint	NOUN
easat-4440	91	20	that	that	PRON
easat-4440	91	21	desire	desire	VERB
easat-4440	91	22	to	to	PART
easat-4440	91	23	maximize	maximize	VERB
easat-4440	91	24	the	the	DET
easat-4440	91	25	interests	interest	NOUN
easat-4440	91	26	of	of	ADP
easat-4440	91	27	economic	economic	ADJ
easat-4440	91	28	agents	agent	NOUN
easat-4440	91	29	within	within	ADP
easat-4440	91	30	these	these	DET
easat-4440	91	31	constraints	constraint	NOUN
easat-4440	91	32	,	,	PUNCT
easat-4440	91	33	minimizing	minimize	VERB
easat-4440	91	34	risks	risk	NOUN
easat-4440	91	35	and	and	CCONJ
easat-4440	91	36	unpredictability	unpredictability	NOUN
easat-4440	91	37	.	.	PUNCT
easat-4440	92	1	the	the	DET
easat-4440	92	2	purpose	purpose	NOUN
easat-4440	92	3	of	of	ADP
easat-4440	92	4	institutions	institution	NOUN
easat-4440	92	5	is	be	AUX
easat-4440	92	6	to	to	PART
easat-4440	92	7	determine	determine	VERB
easat-4440	92	8	how	how	SCONJ
easat-4440	92	9	the	the	DET
easat-4440	92	10	game	game	NOUN
easat-4440	92	11	will	will	AUX
easat-4440	92	12	be	be	AUX
easat-4440	92	13	played	play	VERB
easat-4440	92	14	.	.	PUNCT
easat-4440	93	1	for	for	ADP
easat-4440	93	2	example	example	NOUN
easat-4440	93	3	,	,	PUNCT
easat-4440	93	4	in	in	ADP
easat-4440	93	5	situations	situation	NOUN
easat-4440	93	6	where	where	SCONJ
easat-4440	93	7	commercial	commercial	ADJ
easat-4440	93	8	costs	cost	NOUN
easat-4440	93	9	are	be	AUX
easat-4440	93	10	high	high	ADJ
easat-4440	93	11	and	and	CCONJ
easat-4440	93	12	social	social	ADJ
easat-4440	93	13	behavior	behavior	NOUN
easat-4440	93	14	is	be	AUX
easat-4440	93	15	unpredictable	unpredictable	ADJ
easat-4440	93	16	,	,	PUNCT
easat-4440	93	17	institutions	institution	NOUN
easat-4440	93	18	can	can	AUX
easat-4440	93	19	provide	provide	VERB
easat-4440	93	20	structural	structural	ADJ
easat-4440	93	21	support	support	NOUN
easat-4440	93	22	to	to	PART
easat-4440	93	23	minimize	minimize	VERB
easat-4440	93	24	the	the	DET
easat-4440	93	25	uncertainty	uncertainty	NOUN
easat-4440	93	26	[	[	X
easat-4440	93	27	15	15	NUM
easat-4440	93	28	,	,	PUNCT
easat-4440	93	29	20	20	NUM
easat-4440	93	30	]	]	PUNCT
easat-4440	93	31	.	.	PUNCT
easat-4440	94	1	institutions	institution	NOUN
easat-4440	94	2	can	can	AUX
easat-4440	94	3	ensure	ensure	VERB
easat-4440	94	4	that	that	SCONJ
easat-4440	94	5	investment	investment	NOUN
easat-4440	94	6	decisions	decision	NOUN
easat-4440	94	7	are	be	AUX
easat-4440	94	8	made	make	VERB
easat-4440	94	9	at	at	ADP
easat-4440	94	10	less	less	ADJ
easat-4440	94	11	expense	expense	NOUN
easat-4440	94	12	,	,	PUNCT
easat-4440	94	13	thereby	thereby	ADV
easat-4440	94	14	preventing	prevent	VERB
easat-4440	94	15	information	information	NOUN
easat-4440	94	16	inequalities	inequality	NOUN
easat-4440	94	17	and	and	CCONJ
easat-4440	94	18	ensuring	ensure	VERB
easat-4440	94	19	legal	legal	ADJ
easat-4440	94	20	security	security	NOUN
easat-4440	94	21	[	[	X
easat-4440	94	22	21	21	NUM
easat-4440	94	23	]	]	PUNCT
easat-4440	94	24	.	.	PUNCT
easat-4440	95	1	at	at	ADP
easat-4440	95	2	the	the	DET
easat-4440	95	3	same	same	ADJ
easat-4440	95	4	time	time	NOUN
easat-4440	95	5	,	,	PUNCT
easat-4440	95	6	institutions	institution	NOUN
easat-4440	95	7	can	can	AUX
easat-4440	95	8	make	make	VERB
easat-4440	95	9	the	the	DET
easat-4440	95	10	future	future	NOUN
easat-4440	95	11	clearer	clear	ADJ
easat-4440	95	12	and	and	CCONJ
easat-4440	95	13	more	more	ADV
easat-4440	95	14	understandable	understandable	ADJ
easat-4440	95	15	by	by	ADP
easat-4440	95	16	making	make	VERB
easat-4440	95	17	improvements	improvement	NOUN
easat-4440	95	18	in	in	ADP
easat-4440	95	19	social	social	ADJ
easat-4440	95	20	and	and	CCONJ
easat-4440	95	21	economic	economic	ADJ
easat-4440	95	22	fields	field	NOUN
easat-4440	95	23	such	such	ADJ
easat-4440	95	24	as	as	ADP
easat-4440	95	25	protecting	protect	VERB
easat-4440	95	26	property	property	NOUN
easat-4440	95	27	rights	right	NOUN
easat-4440	95	28	,	,	PUNCT
easat-4440	95	29	imposing	impose	VERB
easat-4440	95	30	restrictions	restriction	NOUN
easat-4440	95	31	on	on	ADP
easat-4440	95	32	147	147	NUM
easat-4440	95	33	edelweiss	edelweiss	PROPN
easat-4440	95	34	applied	apply	VERB
easat-4440	95	35	science	science	NOUN
easat-4440	95	36	and	and	CCONJ
easat-4440	95	37	technology	technology	NOUN
easat-4440	95	38	issn	issn	PROPN
easat-4440	95	39	:	:	PUNCT
easat-4440	95	40	2576	2576	NUM
easat-4440	95	41	-	-	SYM
easat-4440	95	42	8484	8484	NUM
easat-4440	95	43	vol	vol	NOUN
easat-4440	95	44	.	.	PROPN
easat-4440	96	1	9	9	NUM
easat-4440	96	2	,	,	PUNCT
easat-4440	96	3	no	no	INTJ
easat-4440	96	4	.	.	NOUN
easat-4440	97	1	2	2	NUM
easat-4440	97	2	:	:	SYM
easat-4440	97	3	144	144	NUM
easat-4440	97	4	-	-	SYM
easat-4440	97	5	159	159	NUM
easat-4440	97	6	,	,	PUNCT
easat-4440	97	7	2025	2025	NUM
easat-4440	97	8	doi	doi	NOUN
easat-4440	97	9	:	:	PUNCT
easat-4440	97	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	97	11	©	©	PROPN
easat-4440	97	12	2025	2025	NUM
easat-4440	97	13	by	by	ADP
easat-4440	97	14	the	the	DET
easat-4440	97	15	author	author	NOUN
easat-4440	97	16	;	;	PUNCT
easat-4440	97	17	licensee	licensee	PROPN
easat-4440	97	18	learning	learning	NOUN
easat-4440	97	19	gate	gate	VERB
easat-4440	97	20	powerful	powerful	ADJ
easat-4440	97	21	groups	group	NOUN
easat-4440	97	22	and	and	CCONJ
easat-4440	97	23	politicians	politician	NOUN
easat-4440	97	24	,	,	PUNCT
easat-4440	97	25	protecting	protect	VERB
easat-4440	97	26	the	the	DET
easat-4440	97	27	rule	rule	NOUN
easat-4440	97	28	of	of	ADP
easat-4440	97	29	law	law	NOUN
easat-4440	97	30	and	and	CCONJ
easat-4440	97	31	ensuring	ensure	VERB
easat-4440	97	32	that	that	SCONJ
easat-4440	97	33	everyone	everyone	PRON
easat-4440	97	34	has	have	VERB
easat-4440	97	35	equal	equal	ADJ
easat-4440	97	36	rights	right	NOUN
easat-4440	97	37	before	before	ADP
easat-4440	97	38	the	the	DET
easat-4440	97	39	law	law	NOUN
easat-4440	97	40	.	.	PUNCT
easat-4440	98	1	institutions	institution	NOUN
easat-4440	98	2	are	be	AUX
easat-4440	98	3	structures	structure	NOUN
easat-4440	98	4	that	that	PRON
easat-4440	98	5	help	help	VERB
easat-4440	98	6	economic	economic	ADJ
easat-4440	98	7	actors	actor	NOUN
easat-4440	98	8	to	to	PART
easat-4440	98	9	take	take	VERB
easat-4440	98	10	action	action	NOUN
easat-4440	98	11	on	on	ADP
easat-4440	98	12	what	what	PRON
easat-4440	98	13	to	to	PART
easat-4440	98	14	do	do	AUX
easat-4440	98	15	or	or	CCONJ
easat-4440	98	16	how	how	SCONJ
easat-4440	98	17	to	to	PART
easat-4440	98	18	decide	decide	VERB
easat-4440	98	19	in	in	ADP
easat-4440	98	20	a	a	DET
easat-4440	98	21	market	market	NOUN
easat-4440	98	22	with	with	ADP
easat-4440	98	23	uncertainties	uncertainty	NOUN
easat-4440	98	24	and	and	CCONJ
easat-4440	98	25	incomplete	incomplete	ADJ
easat-4440	98	26	information	information	NOUN
easat-4440	99	1	[	[	X
easat-4440	99	2	22	22	NUM
easat-4440	99	3	]	]	PUNCT
easat-4440	99	4	.	.	PUNCT
easat-4440	100	1	in	in	ADP
easat-4440	100	2	this	this	DET
easat-4440	100	3	context	context	NOUN
easat-4440	100	4	,	,	PUNCT
easat-4440	100	5	institutions	institution	NOUN
easat-4440	100	6	are	be	AUX
easat-4440	100	7	in	in	ADP
easat-4440	100	8	a	a	DET
easat-4440	100	9	structure	structure	NOUN
easat-4440	100	10	to	to	PART
easat-4440	100	11	prevent	prevent	VERB
easat-4440	100	12	the	the	DET
easat-4440	100	13	negative	negative	ADJ
easat-4440	100	14	shocks	shock	NOUN
easat-4440	100	15	that	that	PRON
easat-4440	100	16	may	may	AUX
easat-4440	100	17	occur	occur	VERB
easat-4440	100	18	in	in	ADP
easat-4440	100	19	the	the	DET
easat-4440	100	20	economy	economy	NOUN
easat-4440	100	21	within	within	ADP
easat-4440	100	22	the	the	DET
easat-4440	100	23	rules	rule	NOUN
easat-4440	100	24	they	they	PRON
easat-4440	100	25	create	create	VERB
easat-4440	100	26	and	and	CCONJ
easat-4440	100	27	the	the	DET
easat-4440	100	28	structural	structural	ADJ
easat-4440	100	29	order	order	NOUN
easat-4440	100	30	they	they	PRON
easat-4440	100	31	provide	provide	VERB
easat-4440	100	32	and	and	CCONJ
easat-4440	100	33	the	the	DET
easat-4440	100	34	measures	measure	NOUN
easat-4440	100	35	they	they	PRON
easat-4440	100	36	will	will	AUX
easat-4440	100	37	take	take	VERB
easat-4440	100	38	in	in	ADP
easat-4440	100	39	an	an	DET
easat-4440	100	40	environment	environment	NOUN
easat-4440	100	41	of	of	ADP
easat-4440	100	42	uncertainty	uncertainty	NOUN
easat-4440	100	43	.	.	PUNCT
easat-4440	101	1	robust	robust	ADJ
easat-4440	101	2	institutions	institution	NOUN
easat-4440	101	3	and	and	CCONJ
easat-4440	101	4	policy	policy	NOUN
easat-4440	101	5	regimes	regime	NOUN
easat-4440	101	6	can	can	AUX
easat-4440	101	7	reduce	reduce	VERB
easat-4440	101	8	the	the	DET
easat-4440	101	9	escalation	escalation	NOUN
easat-4440	101	10	and	and	CCONJ
easat-4440	101	11	spread	spread	VERB
easat-4440	101	12	of	of	ADP
easat-4440	101	13	other	other	ADJ
easat-4440	101	14	shocks	shock	NOUN
easat-4440	101	15	due	due	ADP
easat-4440	101	16	to	to	ADP
easat-4440	101	17	policy	policy	NOUN
easat-4440	101	18	uncertainty	uncertainty	NOUN
easat-4440	101	19	activities	activity	NOUN
easat-4440	101	20	or	or	CCONJ
easat-4440	101	21	uncertain	uncertain	ADJ
easat-4440	101	22	policy	policy	NOUN
easat-4440	101	23	responses	response	NOUN
easat-4440	101	24	,	,	PUNCT
easat-4440	101	25	through	through	ADP
easat-4440	101	26	the	the	DET
easat-4440	101	27	determination	determination	NOUN
easat-4440	101	28	of	of	ADP
easat-4440	101	29	predictable	predictable	ADJ
easat-4440	101	30	policy	policy	NOUN
easat-4440	101	31	choices	choice	NOUN
easat-4440	101	32	even	even	ADV
easat-4440	101	33	in	in	ADP
easat-4440	101	34	the	the	DET
easat-4440	101	35	face	face	NOUN
easat-4440	101	36	of	of	ADP
easat-4440	101	37	major	major	ADJ
easat-4440	101	38	negative	negative	ADJ
easat-4440	101	39	shocks	shock	NOUN
easat-4440	101	40	[	[	X
easat-4440	101	41	1	1	NUM
easat-4440	101	42	]	]	PUNCT
easat-4440	101	43	.	.	PUNCT
easat-4440	102	1	increasing	increase	VERB
easat-4440	102	2	the	the	DET
easat-4440	102	3	quality	quality	NOUN
easat-4440	102	4	and	and	CCONJ
easat-4440	102	5	functions	function	NOUN
easat-4440	102	6	of	of	ADP
easat-4440	102	7	institutional	institutional	ADJ
easat-4440	102	8	factors	factor	NOUN
easat-4440	102	9	can	can	AUX
easat-4440	102	10	minimize	minimize	VERB
easat-4440	102	11	the	the	DET
easat-4440	102	12	uncertainty	uncertainty	NOUN
easat-4440	102	13	arising	arise	VERB
easat-4440	102	14	from	from	ADP
easat-4440	102	15	human	human	ADJ
easat-4440	102	16	activities	activity	NOUN
easat-4440	102	17	and	and	CCONJ
easat-4440	102	18	constantly	constantly	ADV
easat-4440	102	19	changing	change	VERB
easat-4440	102	20	conditions	condition	NOUN
easat-4440	102	21	inherent	inherent	ADJ
easat-4440	102	22	in	in	ADP
easat-4440	102	23	social	social	ADJ
easat-4440	102	24	sciences	science	NOUN
easat-4440	102	25	.	.	PUNCT
easat-4440	103	1	institutional	institutional	ADJ
easat-4440	103	2	factors	factor	NOUN
easat-4440	103	3	are	be	AUX
easat-4440	103	4	fundamental	fundamental	ADJ
easat-4440	103	5	elements	element	NOUN
easat-4440	103	6	in	in	ADP
easat-4440	103	7	the	the	DET
easat-4440	103	8	selection	selection	NOUN
easat-4440	103	9	of	of	ADP
easat-4440	103	10	the	the	DET
easat-4440	103	11	development	development	NOUN
easat-4440	103	12	model	model	NOUN
easat-4440	103	13	and	and	CCONJ
easat-4440	103	14	the	the	DET
easat-4440	103	15	determination	determination	NOUN
easat-4440	103	16	of	of	ADP
easat-4440	103	17	progressive	progressive	ADJ
easat-4440	103	18	policies	policy	NOUN
easat-4440	103	19	in	in	ADP
easat-4440	103	20	an	an	DET
easat-4440	103	21	environment	environment	NOUN
easat-4440	103	22	of	of	ADP
easat-4440	103	23	incomplete	incomplete	ADJ
easat-4440	103	24	information	information	NOUN
easat-4440	103	25	and	and	CCONJ
easat-4440	103	26	uncertainty	uncertainty	NOUN
easat-4440	103	27	that	that	PRON
easat-4440	103	28	can	can	AUX
easat-4440	103	29	occur	occur	VERB
easat-4440	103	30	at	at	ADP
easat-4440	103	31	both	both	CCONJ
easat-4440	103	32	macro	macro	ADJ
easat-4440	103	33	and	and	CCONJ
easat-4440	103	34	micro	micro	ADJ
easat-4440	103	35	levels	level	NOUN
easat-4440	103	36	in	in	ADP
easat-4440	103	37	a	a	DET
easat-4440	103	38	free	free	ADJ
easat-4440	103	39	market	market	NOUN
easat-4440	103	40	economy	economy	NOUN
easat-4440	103	41	[	[	X
easat-4440	103	42	23	23	NUM
easat-4440	103	43	]	]	PUNCT
easat-4440	103	44	.	.	PUNCT
easat-4440	104	1	for	for	ADP
easat-4440	104	2	example	example	NOUN
easat-4440	104	3	,	,	PUNCT
easat-4440	104	4	according	accord	VERB
easat-4440	104	5	to	to	ADP
easat-4440	104	6	goel	goel	PROPN
easat-4440	104	7	and	and	CCONJ
easat-4440	104	8	saunoris	saunoris	VERB
easat-4440	104	9	[	[	X
easat-4440	104	10	24	24	NUM
easat-4440	104	11	]	]	PUNCT
easat-4440	104	12	controlling	control	VERB
easat-4440	104	13	corruption	corruption	NOUN
easat-4440	104	14	,	,	PUNCT
easat-4440	104	15	which	which	PRON
easat-4440	104	16	is	be	AUX
easat-4440	104	17	one	one	NUM
easat-4440	104	18	of	of	ADP
easat-4440	104	19	the	the	DET
easat-4440	104	20	institutional	institutional	ADJ
easat-4440	104	21	factors	factor	NOUN
easat-4440	104	22	,	,	PUNCT
easat-4440	104	23	has	have	VERB
easat-4440	104	24	a	a	DET
easat-4440	104	25	complementary	complementary	ADJ
easat-4440	104	26	effect	effect	NOUN
easat-4440	104	27	in	in	ADP
easat-4440	104	28	ensuring	ensure	VERB
easat-4440	104	29	macro	macro	ADJ
easat-4440	104	30	stability	stability	NOUN
easat-4440	104	31	by	by	ADP
easat-4440	104	32	supporting	support	VERB
easat-4440	104	33	economic	economic	ADJ
easat-4440	104	34	growth	growth	NOUN
easat-4440	104	35	in	in	ADP
easat-4440	104	36	the	the	DET
easat-4440	104	37	society	society	NOUN
easat-4440	104	38	.	.	PUNCT
easat-4440	105	1	the	the	DET
easat-4440	105	2	increase	increase	NOUN
easat-4440	105	3	in	in	ADP
easat-4440	105	4	corruption	corruption	NOUN
easat-4440	105	5	in	in	ADP
easat-4440	105	6	society	society	NOUN
easat-4440	105	7	leads	lead	VERB
easat-4440	105	8	to	to	ADP
easat-4440	105	9	the	the	DET
easat-4440	105	10	emergence	emergence	NOUN
easat-4440	105	11	of	of	ADP
easat-4440	105	12	uncertainties	uncertainty	NOUN
easat-4440	105	13	for	for	ADP
easat-4440	105	14	the	the	DET
easat-4440	105	15	future	future	NOUN
easat-4440	105	16	by	by	ADP
easat-4440	105	17	increasing	increase	VERB
easat-4440	105	18	the	the	DET
easat-4440	105	19	risk	risk	NOUN
easat-4440	105	20	in	in	ADP
easat-4440	105	21	the	the	DET
easat-4440	105	22	business	business	NOUN
easat-4440	105	23	world	world	NOUN
easat-4440	105	24	,	,	PUNCT
easat-4440	105	25	as	as	SCONJ
easat-4440	105	26	it	it	PRON
easat-4440	105	27	causes	cause	VERB
easat-4440	105	28	illegal	illegal	ADJ
easat-4440	105	29	acts	act	NOUN
easat-4440	105	30	as	as	ADV
easat-4440	105	31	well	well	ADV
easat-4440	105	32	as	as	ADP
easat-4440	105	33	the	the	DET
easat-4440	105	34	costs	cost	NOUN
easat-4440	105	35	of	of	ADP
easat-4440	105	36	doing	do	VERB
easat-4440	105	37	business	business	NOUN
easat-4440	105	38	.	.	PUNCT
easat-4440	106	1	on	on	ADP
easat-4440	106	2	the	the	DET
easat-4440	106	3	other	other	ADJ
easat-4440	106	4	hand	hand	NOUN
easat-4440	106	5	,	,	PUNCT
easat-4440	106	6	according	accord	VERB
easat-4440	106	7	to	to	ADP
easat-4440	106	8	arvin	arvin	PROPN
easat-4440	106	9	,	,	PUNCT
easat-4440	106	10	et	et	PROPN
easat-4440	106	11	al	al	PROPN
easat-4440	106	12	.	.	PUNCT
easat-4440	107	1	[	[	X
easat-4440	107	2	25	25	NUM
easat-4440	107	3	]	]	PUNCT
easat-4440	107	4	in	in	ADP
easat-4440	107	5	the	the	DET
easat-4440	107	6	event	event	NOUN
easat-4440	107	7	of	of	ADP
easat-4440	107	8	policy	policy	NOUN
easat-4440	107	9	uncertainty	uncertainty	NOUN
easat-4440	107	10	,	,	PUNCT
easat-4440	107	11	traditional	traditional	ADJ
easat-4440	107	12	and	and	CCONJ
easat-4440	107	13	corrupt	corrupt	ADJ
easat-4440	107	14	units	unit	NOUN
easat-4440	107	15	in	in	ADP
easat-4440	107	16	the	the	DET
easat-4440	107	17	economic	economic	ADJ
easat-4440	107	18	structure	structure	NOUN
easat-4440	107	19	begin	begin	VERB
easat-4440	107	20	to	to	PART
easat-4440	107	21	form	form	VERB
easat-4440	107	22	new	new	ADJ
easat-4440	107	23	alliances	alliance	NOUN
easat-4440	107	24	to	to	PART
easat-4440	107	25	protect	protect	VERB
easat-4440	107	26	against	against	ADP
easat-4440	107	27	risk	risk	NOUN
easat-4440	107	28	,	,	PUNCT
easat-4440	107	29	which	which	PRON
easat-4440	107	30	increases	increase	VERB
easat-4440	107	31	the	the	DET
easat-4440	107	32	corruption	corruption	NOUN
easat-4440	107	33	.	.	PUNCT
easat-4440	108	1	for	for	ADP
easat-4440	108	2	this	this	DET
easat-4440	108	3	reason	reason	NOUN
easat-4440	108	4	,	,	PUNCT
easat-4440	108	5	uncertainty	uncertainty	NOUN
easat-4440	108	6	in	in	ADP
easat-4440	108	7	the	the	DET
easat-4440	108	8	economy	economy	NOUN
easat-4440	108	9	and	and	CCONJ
easat-4440	108	10	political	political	ADJ
easat-4440	108	11	environment	environment	NOUN
easat-4440	108	12	and	and	CCONJ
easat-4440	108	13	corruption	corruption	NOUN
easat-4440	108	14	trigger	trigger	NOUN
easat-4440	108	15	each	each	DET
easat-4440	108	16	other	other	ADJ
easat-4440	108	17	.	.	PUNCT
easat-4440	109	1	the	the	DET
easat-4440	109	2	normal	normal	ADJ
easat-4440	109	3	course	course	NOUN
easat-4440	109	4	of	of	ADP
easat-4440	109	5	the	the	DET
easat-4440	109	6	economic	economic	ADJ
easat-4440	109	7	system	system	NOUN
easat-4440	109	8	may	may	AUX
easat-4440	109	9	slow	slow	VERB
easat-4440	109	10	down	down	ADP
easat-4440	109	11	with	with	ADP
easat-4440	109	12	the	the	DET
easat-4440	109	13	increase	increase	NOUN
easat-4440	109	14	in	in	ADP
easat-4440	109	15	illegal	illegal	ADJ
easat-4440	109	16	transactions	transaction	NOUN
easat-4440	109	17	in	in	ADP
easat-4440	109	18	economic	economic	ADJ
easat-4440	109	19	relations	relation	NOUN
easat-4440	109	20	as	as	ADP
easat-4440	109	21	a	a	DET
easat-4440	109	22	result	result	NOUN
easat-4440	109	23	of	of	ADP
easat-4440	109	24	situations	situation	NOUN
easat-4440	109	25	such	such	ADJ
easat-4440	109	26	as	as	ADP
easat-4440	109	27	bribery	bribery	NOUN
easat-4440	109	28	,	,	PUNCT
easat-4440	109	29	nepotism	nepotism	NOUN
easat-4440	109	30	,	,	PUNCT
easat-4440	109	31	abuse	abuse	NOUN
easat-4440	109	32	of	of	ADP
easat-4440	109	33	power	power	NOUN
easat-4440	109	34	and	and	CCONJ
easat-4440	109	35	tax	tax	NOUN
easat-4440	109	36	evasion	evasion	NOUN
easat-4440	109	37	,	,	PUNCT
easat-4440	109	38	which	which	PRON
easat-4440	109	39	increase	increase	VERB
easat-4440	109	40	with	with	ADP
easat-4440	109	41	corruption	corruption	NOUN
easat-4440	109	42	.	.	PUNCT
easat-4440	110	1	for	for	ADP
easat-4440	110	2	this	this	DET
easat-4440	110	3	reason	reason	NOUN
easat-4440	110	4	,	,	PUNCT
easat-4440	110	5	an	an	DET
easat-4440	110	6	environment	environment	NOUN
easat-4440	110	7	of	of	ADP
easat-4440	110	8	uncertainty	uncertainty	NOUN
easat-4440	110	9	may	may	AUX
easat-4440	110	10	also	also	ADV
easat-4440	110	11	be	be	AUX
easat-4440	110	12	experienced	experience	VERB
easat-4440	110	13	in	in	ADP
easat-4440	110	14	the	the	DET
easat-4440	110	15	economy	economy	NOUN
easat-4440	110	16	.	.	PUNCT
easat-4440	111	1	establishing	establish	VERB
easat-4440	111	2	strong	strong	ADJ
easat-4440	111	3	institutional	institutional	ADJ
easat-4440	111	4	factors	factor	NOUN
easat-4440	111	5	in	in	ADP
easat-4440	111	6	an	an	DET
easat-4440	111	7	economy	economy	NOUN
easat-4440	111	8	can	can	AUX
easat-4440	111	9	provide	provide	VERB
easat-4440	111	10	advantages	advantage	NOUN
easat-4440	111	11	in	in	ADP
easat-4440	111	12	creating	create	VERB
easat-4440	111	13	stronger	strong	ADJ
easat-4440	111	14	macroeconomic	macroeconomic	ADJ
easat-4440	111	15	policies	policy	NOUN
easat-4440	111	16	to	to	PART
easat-4440	111	17	improve	improve	VERB
easat-4440	111	18	economic	economic	ADJ
easat-4440	111	19	growth	growth	NOUN
easat-4440	111	20	through	through	ADP
easat-4440	111	21	efficient	efficient	ADJ
easat-4440	111	22	management	management	NOUN
easat-4440	111	23	of	of	ADP
easat-4440	111	24	resources	resource	NOUN
easat-4440	111	25	[	[	X
easat-4440	111	26	26	26	NUM
easat-4440	111	27	]	]	PUNCT
easat-4440	111	28	.	.	PUNCT
easat-4440	112	1	due	due	ADP
easat-4440	112	2	to	to	ADP
easat-4440	112	3	the	the	DET
easat-4440	112	4	presence	presence	NOUN
easat-4440	112	5	of	of	ADP
easat-4440	112	6	strong	strong	ADJ
easat-4440	112	7	institutional	institutional	ADJ
easat-4440	112	8	factors	factor	NOUN
easat-4440	112	9	,	,	PUNCT
easat-4440	112	10	the	the	DET
easat-4440	112	11	uncertainties	uncertainty	NOUN
easat-4440	112	12	in	in	ADP
easat-4440	112	13	the	the	DET
easat-4440	112	14	economy	economy	NOUN
easat-4440	112	15	can	can	AUX
easat-4440	112	16	be	be	AUX
easat-4440	112	17	eliminated	eliminate	VERB
easat-4440	112	18	with	with	ADP
easat-4440	112	19	clear	clear	ADJ
easat-4440	112	20	and	and	CCONJ
easat-4440	112	21	understandable	understandable	ADJ
easat-4440	112	22	methods	method	NOUN
easat-4440	112	23	applied	apply	VERB
easat-4440	112	24	because	because	SCONJ
easat-4440	112	25	the	the	DET
easat-4440	112	26	activities	activity	NOUN
easat-4440	112	27	carried	carry	VERB
easat-4440	112	28	out	out	ADP
easat-4440	112	29	are	be	AUX
easat-4440	112	30	based	base	VERB
easat-4440	112	31	on	on	ADP
easat-4440	112	32	transparency	transparency	NOUN
easat-4440	112	33	,	,	PUNCT
easat-4440	112	34	accountability	accountability	NOUN
easat-4440	112	35	and	and	CCONJ
easat-4440	112	36	auditability	auditability	NOUN
easat-4440	112	37	.	.	PUNCT
easat-4440	113	1	similarly	similarly	ADV
easat-4440	113	2	,	,	PUNCT
easat-4440	113	3	if	if	SCONJ
easat-4440	113	4	the	the	DET
easat-4440	113	5	institutional	institutional	ADJ
easat-4440	113	6	factors	factor	NOUN
easat-4440	113	7	operate	operate	VERB
easat-4440	113	8	effectively	effectively	ADV
easat-4440	113	9	,	,	PUNCT
easat-4440	113	10	the	the	DET
easat-4440	113	11	uncertain	uncertain	ADJ
easat-4440	113	12	environment	environment	NOUN
easat-4440	113	13	in	in	ADP
easat-4440	113	14	the	the	DET
easat-4440	113	15	economy	economy	NOUN
easat-4440	113	16	can	can	AUX
easat-4440	113	17	be	be	AUX
easat-4440	113	18	reduced	reduce	VERB
easat-4440	113	19	by	by	ADP
easat-4440	113	20	controlling	control	VERB
easat-4440	113	21	the	the	DET
easat-4440	113	22	illegal	illegal	ADJ
easat-4440	113	23	actions	action	NOUN
easat-4440	113	24	that	that	PRON
easat-4440	113	25	may	may	AUX
easat-4440	113	26	occur	occur	VERB
easat-4440	113	27	.	.	PUNCT
easat-4440	114	1	the	the	DET
easat-4440	114	2	negative	negative	ADJ
easat-4440	114	3	consequences	consequence	NOUN
easat-4440	114	4	of	of	ADP
easat-4440	114	5	epu	epu	PROPN
easat-4440	114	6	can	can	AUX
easat-4440	114	7	be	be	AUX
easat-4440	114	8	reduced	reduce	VERB
easat-4440	114	9	by	by	ADP
easat-4440	114	10	protecting	protect	VERB
easat-4440	114	11	investor	investor	NOUN
easat-4440	114	12	rights	right	NOUN
easat-4440	114	13	,	,	PUNCT
easat-4440	114	14	eliminating	eliminate	VERB
easat-4440	114	15	information	information	NOUN
easat-4440	114	16	asymmetry	asymmetry	NOUN
easat-4440	114	17	and	and	CCONJ
easat-4440	114	18	ensuring	ensure	VERB
easat-4440	114	19	political	political	ADJ
easat-4440	114	20	stability	stability	NOUN
easat-4440	114	21	,	,	PUNCT
easat-4440	114	22	thanks	thank	NOUN
easat-4440	114	23	to	to	ADP
easat-4440	114	24	better	well	ADJ
easat-4440	114	25	governance	governance	NOUN
easat-4440	114	26	provided	provide	VERB
easat-4440	114	27	by	by	ADP
easat-4440	114	28	improving	improve	VERB
easat-4440	114	29	the	the	DET
easat-4440	114	30	quality	quality	NOUN
easat-4440	114	31	of	of	ADP
easat-4440	114	32	institutional	institutional	ADJ
easat-4440	114	33	factors	factor	NOUN
easat-4440	114	34	[	[	X
easat-4440	114	35	3	3	NUM
easat-4440	114	36	]	]	PUNCT
easat-4440	114	37	.	.	PUNCT
easat-4440	115	1	on	on	ADP
easat-4440	115	2	the	the	DET
easat-4440	115	3	contrary	contrary	NOUN
easat-4440	115	4	,	,	PUNCT
easat-4440	115	5	the	the	DET
easat-4440	115	6	presence	presence	NOUN
easat-4440	115	7	of	of	ADP
easat-4440	115	8	weak	weak	ADJ
easat-4440	115	9	institutional	institutional	ADJ
easat-4440	115	10	factors	factor	NOUN
easat-4440	115	11	can	can	AUX
easat-4440	115	12	lead	lead	VERB
easat-4440	115	13	to	to	ADP
easat-4440	115	14	market	market	NOUN
easat-4440	115	15	failures	failure	NOUN
easat-4440	115	16	due	due	ADJ
easat-4440	115	17	to	to	ADP
easat-4440	115	18	negative	negative	ADJ
easat-4440	115	19	externalities	externality	NOUN
easat-4440	115	20	such	such	ADJ
easat-4440	115	21	as	as	ADP
easat-4440	115	22	rent	rent	NOUN
easat-4440	115	23	-	-	PUNCT
easat-4440	115	24	seeking	seeking	NOUN
easat-4440	115	25	,	,	PUNCT
easat-4440	115	26	moral	moral	ADJ
easat-4440	115	27	hazard	hazard	NOUN
easat-4440	115	28	and	and	CCONJ
easat-4440	115	29	mismanagement	mismanagement	NOUN
easat-4440	115	30	,	,	PUNCT
easat-4440	115	31	and	and	CCONJ
easat-4440	115	32	activities	activity	NOUN
easat-4440	115	33	that	that	PRON
easat-4440	115	34	increase	increase	VERB
easat-4440	115	35	transaction	transaction	NOUN
easat-4440	115	36	costs	cost	NOUN
easat-4440	115	37	.	.	PUNCT
easat-4440	116	1	at	at	ADP
easat-4440	116	2	the	the	DET
easat-4440	116	3	same	same	ADJ
easat-4440	116	4	time	time	NOUN
easat-4440	116	5	,	,	PUNCT
easat-4440	116	6	weak	weak	ADJ
easat-4440	116	7	activities	activity	NOUN
easat-4440	116	8	of	of	ADP
easat-4440	116	9	institutional	institutional	ADJ
easat-4440	116	10	factors	factor	NOUN
easat-4440	116	11	can	can	AUX
easat-4440	116	12	create	create	VERB
easat-4440	116	13	an	an	DET
easat-4440	116	14	environment	environment	NOUN
easat-4440	116	15	of	of	ADP
easat-4440	116	16	uncertainty	uncertainty	NOUN
easat-4440	116	17	in	in	ADP
easat-4440	116	18	the	the	DET
easat-4440	116	19	economy	economy	NOUN
easat-4440	116	20	by	by	ADP
easat-4440	116	21	creating	create	VERB
easat-4440	116	22	concerns	concern	NOUN
easat-4440	116	23	such	such	ADJ
easat-4440	116	24	as	as	ADP
easat-4440	116	25	insufficient	insufficient	ADJ
easat-4440	116	26	monitoring	monitoring	NOUN
easat-4440	116	27	systems	system	NOUN
easat-4440	116	28	and	and	CCONJ
easat-4440	116	29	a	a	DET
easat-4440	116	30	lack	lack	NOUN
easat-4440	116	31	of	of	ADP
easat-4440	116	32	due	due	ADJ
easat-4440	116	33	diligence	diligence	NOUN
easat-4440	116	34	processes	process	NOUN
easat-4440	116	35	.	.	PUNCT
easat-4440	117	1	goel	goel	PROPN
easat-4440	117	2	and	and	CCONJ
easat-4440	117	3	ram	ram	VERB
easat-4440	117	4	[	[	NOUN
easat-4440	117	5	27	27	NUM
easat-4440	117	6	]	]	PUNCT
easat-4440	117	7	in	in	ADP
easat-4440	117	8	one	one	NUM
easat-4440	117	9	of	of	ADP
easat-4440	117	10	the	the	DET
easat-4440	117	11	empirical	empirical	ADJ
easat-4440	117	12	studies	study	NOUN
easat-4440	117	13	in	in	ADP
easat-4440	117	14	the	the	DET
easat-4440	117	15	literature	literature	NOUN
easat-4440	117	16	,	,	PUNCT
easat-4440	117	17	noticed	notice	VERB
easat-4440	117	18	an	an	DET
easat-4440	117	19	adverse	adverse	ADJ
easat-4440	117	20	and	and	CCONJ
easat-4440	117	21	substantial	substantial	ADJ
easat-4440	117	22	connection	connection	NOUN
easat-4440	117	23	between	between	ADP
easat-4440	117	24	epu	epu	NOUN
easat-4440	117	25	and	and	CCONJ
easat-4440	117	26	government	government	NOUN
easat-4440	117	27	effectiveness	effectiveness	NOUN
easat-4440	117	28	in	in	ADP
easat-4440	117	29	their	their	PRON
easat-4440	117	30	results	result	NOUN
easat-4440	117	31	for	for	ADP
easat-4440	117	32	bric	bric	PROPN
easat-4440	117	33	(	(	PUNCT
easat-4440	117	34	brazil	brazil	PROPN
easat-4440	117	35	,	,	PUNCT
easat-4440	117	36	russia	russia	PROPN
easat-4440	117	37	,	,	PUNCT
easat-4440	117	38	india	india	PROPN
easat-4440	117	39	and	and	CCONJ
easat-4440	117	40	china	china	PROPN
easat-4440	117	41	)	)	PUNCT
easat-4440	117	42	countries	country	NOUN
easat-4440	117	43	.	.	PUNCT
easat-4440	118	1	an	an	DET
easat-4440	118	2	enhancement	enhancement	NOUN
easat-4440	118	3	in	in	ADP
easat-4440	118	4	epu	epu	PROPN
easat-4440	118	5	lowers	lower	VERB
easat-4440	118	6	government	government	NOUN
easat-4440	118	7	effectiveness	effectiveness	NOUN
easat-4440	118	8	.	.	PUNCT
easat-4440	119	1	according	accord	VERB
easat-4440	119	2	to	to	ADP
easat-4440	119	3	the	the	DET
easat-4440	119	4	empirical	empirical	ADJ
easat-4440	119	5	findings	finding	NOUN
easat-4440	119	6	obtained	obtain	VERB
easat-4440	119	7	from	from	ADP
easat-4440	119	8	the	the	DET
easat-4440	119	9	study	study	NOUN
easat-4440	119	10	,	,	PUNCT
easat-4440	119	11	ensuring	ensure	VERB
easat-4440	119	12	economic	economic	ADJ
easat-4440	119	13	stability	stability	NOUN
easat-4440	119	14	resulting	result	VERB
easat-4440	119	15	from	from	ADP
easat-4440	119	16	the	the	DET
easat-4440	119	17	consistency	consistency	NOUN
easat-4440	119	18	of	of	ADP
easat-4440	119	19	monetary	monetary	ADJ
easat-4440	119	20	and	and	CCONJ
easat-4440	119	21	fiscal	fiscal	ADJ
easat-4440	119	22	policies	policy	NOUN
easat-4440	119	23	increases	increase	VERB
easat-4440	119	24	government	government	NOUN
easat-4440	119	25	efficiency	efficiency	NOUN
easat-4440	119	26	.	.	PUNCT
easat-4440	120	1	at	at	ADP
easat-4440	120	2	the	the	DET
easat-4440	120	3	same	same	ADJ
easat-4440	120	4	time	time	NOUN
easat-4440	120	5	,	,	PUNCT
easat-4440	120	6	macro	macro	ADJ
easat-4440	120	7	instability	instability	NOUN
easat-4440	120	8	is	be	AUX
easat-4440	120	9	a	a	DET
easat-4440	120	10	negative	negative	ADJ
easat-4440	120	11	economic	economic	ADJ
easat-4440	120	12	indicator	indicator	NOUN
easat-4440	120	13	that	that	PRON
easat-4440	120	14	prevents	prevent	VERB
easat-4440	120	15	institutional	institutional	ADJ
easat-4440	120	16	activities	activity	NOUN
easat-4440	120	17	in	in	ADP
easat-4440	120	18	the	the	DET
easat-4440	120	19	economy	economy	NOUN
easat-4440	120	20	from	from	ADP
easat-4440	120	21	operating	operate	VERB
easat-4440	120	22	regularly	regularly	ADV
easat-4440	120	23	.	.	PUNCT
easat-4440	121	1	epu	epu	PROPN
easat-4440	121	2	has	have	VERB
easat-4440	121	3	a	a	DET
easat-4440	121	4	detrimental	detrimental	ADJ
easat-4440	121	5	long	long	ADJ
easat-4440	121	6	-	-	PUNCT
easat-4440	121	7	term	term	NOUN
easat-4440	121	8	influence	influence	NOUN
easat-4440	121	9	on	on	ADP
easat-4440	121	10	institutional	institutional	ADJ
easat-4440	121	11	quality	quality	NOUN
easat-4440	121	12	,	,	PUNCT
easat-4440	121	13	per	per	ADP
easat-4440	121	14	goel	goel	NOUN
easat-4440	121	15	and	and	CCONJ
easat-4440	121	16	saunoris	saunoris	NOUN
easat-4440	122	1	[	[	X
easat-4440	122	2	24	24	NUM
easat-4440	122	3	]	]	PUNCT
easat-4440	122	4	research	research	NOUN
easat-4440	122	5	on	on	ADP
easat-4440	122	6	india	india	PROPN
easat-4440	122	7	and	and	CCONJ
easat-4440	122	8	pakistan	pakistan	PROPN
easat-4440	122	9	.	.	PUNCT
easat-4440	123	1	therefore	therefore	ADV
easat-4440	123	2	,	,	PUNCT
easat-4440	123	3	a	a	DET
easat-4440	123	4	balanced	balanced	ADJ
easat-4440	123	5	stage	stage	NOUN
easat-4440	123	6	of	of	ADP
easat-4440	123	7	economic	economic	ADJ
easat-4440	123	8	performance	performance	NOUN
easat-4440	123	9	improvement	improvement	NOUN
easat-4440	123	10	and	and	CCONJ
easat-4440	123	11	the	the	DET
easat-4440	123	12	elimination	elimination	NOUN
easat-4440	123	13	of	of	ADP
easat-4440	123	14	uncertainty	uncertainty	NOUN
easat-4440	123	15	in	in	ADP
easat-4440	123	16	economic	economic	ADJ
easat-4440	123	17	policy	policy	NOUN
easat-4440	123	18	provide	provide	VERB
easat-4440	123	19	a	a	DET
easat-4440	123	20	high	high	ADJ
easat-4440	123	21	degree	degree	NOUN
easat-4440	123	22	of	of	ADP
easat-4440	123	23	improvement	improvement	NOUN
easat-4440	123	24	in	in	ADP
easat-4440	123	25	institutions	institution	NOUN
easat-4440	123	26	.	.	PUNCT
easat-4440	124	1	in	in	ADP
easat-4440	124	2	the	the	DET
easat-4440	124	3	studies	study	NOUN
easat-4440	124	4	of	of	ADP
easat-4440	124	5	saleem	saleem	PROPN
easat-4440	124	6	,	,	PUNCT
easat-4440	124	7	et	et	PROPN
easat-4440	124	8	al	al	PROPN
easat-4440	124	9	.	.	PUNCT
easat-4440	125	1	[	[	X
easat-4440	125	2	8	8	NUM
easat-4440	125	3	]	]	PUNCT
easat-4440	125	4	on	on	ADP
easat-4440	125	5	china	china	PROPN
easat-4440	125	6	,	,	PUNCT
easat-4440	125	7	arvin	arvin	PROPN
easat-4440	125	8	,	,	PUNCT
easat-4440	125	9	et	et	PROPN
easat-4440	125	10	al	al	PROPN
easat-4440	125	11	.	.	PUNCT
easat-4440	126	1	[	[	X
easat-4440	126	2	25	25	NUM
easat-4440	126	3	]	]	PUNCT
easat-4440	126	4	on	on	ADP
easat-4440	126	5	100	100	NUM
easat-4440	126	6	countries	country	NOUN
easat-4440	126	7	and	and	CCONJ
easat-4440	126	8	lambsdorff	lambsdorff	NOUN
easat-4440	126	9	and	and	CCONJ
easat-4440	126	10	teksoz	teksoz	NOUN
easat-4440	126	11	[	[	X
easat-4440	126	12	28	28	NUM
easat-4440	126	13	]	]	PUNCT
easat-4440	126	14	on	on	ADP
easat-4440	126	15	75	75	NUM
easat-4440	126	16	countries	country	NOUN
easat-4440	126	17	the	the	DET
easat-4440	126	18	increase	increase	NOUN
easat-4440	126	19	in	in	ADP
easat-4440	126	20	epu	epu	PROPN
easat-4440	126	21	brings	bring	VERB
easat-4440	126	22	about	about	ADP
easat-4440	126	23	a	a	DET
easat-4440	126	24	strengthening	strengthening	NOUN
easat-4440	126	25	in	in	ADP
easat-4440	126	26	corruption	corruption	NOUN
easat-4440	126	27	.	.	PUNCT
easat-4440	127	1	in	in	ADP
easat-4440	127	2	the	the	DET
easat-4440	127	3	case	case	NOUN
easat-4440	127	4	of	of	ADP
easat-4440	127	5	epu	epu	PROPN
easat-4440	127	6	,	,	PUNCT
easat-4440	127	7	people	people	NOUN
easat-4440	127	8	prefer	prefer	VERB
easat-4440	127	9	the	the	DET
easat-4440	127	10	current	current	ADJ
easat-4440	127	11	situation	situation	NOUN
easat-4440	127	12	to	to	ADP
easat-4440	127	13	the	the	DET
easat-4440	127	14	future	future	ADJ
easat-4440	127	15	148	148	NUM
easat-4440	127	16	edelweiss	edelweiss	PROPN
easat-4440	127	17	applied	apply	VERB
easat-4440	127	18	science	science	NOUN
easat-4440	127	19	and	and	CCONJ
easat-4440	127	20	technology	technology	NOUN
easat-4440	127	21	issn	issn	PROPN
easat-4440	127	22	:	:	PUNCT
easat-4440	127	23	2576	2576	NUM
easat-4440	127	24	-	-	SYM
easat-4440	127	25	8484	8484	NUM
easat-4440	127	26	vol	vol	NOUN
easat-4440	127	27	.	.	PROPN
easat-4440	128	1	9	9	NUM
easat-4440	128	2	,	,	PUNCT
easat-4440	128	3	no	no	INTJ
easat-4440	128	4	.	.	NOUN
easat-4440	129	1	2	2	NUM
easat-4440	129	2	:	:	SYM
easat-4440	129	3	144	144	NUM
easat-4440	129	4	-	-	SYM
easat-4440	129	5	159	159	NUM
easat-4440	129	6	,	,	PUNCT
easat-4440	129	7	2025	2025	NUM
easat-4440	129	8	doi	doi	NOUN
easat-4440	129	9	:	:	PUNCT
easat-4440	129	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	129	11	©	©	PROPN
easat-4440	129	12	2025	2025	NUM
easat-4440	129	13	by	by	ADP
easat-4440	129	14	the	the	DET
easat-4440	129	15	author	author	NOUN
easat-4440	129	16	;	;	PUNCT
easat-4440	129	17	licensee	licensee	NOUN
easat-4440	129	18	learning	learning	NOUN
easat-4440	129	19	gate	gate	NOUN
easat-4440	129	20	because	because	SCONJ
easat-4440	129	21	the	the	DET
easat-4440	129	22	future	future	NOUN
easat-4440	129	23	of	of	ADP
easat-4440	129	24	societies	society	NOUN
easat-4440	129	25	is	be	AUX
easat-4440	129	26	unclear	unclear	ADJ
easat-4440	129	27	.	.	PUNCT
easat-4440	130	1	for	for	ADP
easat-4440	130	2	this	this	DET
easat-4440	130	3	reason	reason	NOUN
easat-4440	130	4	,	,	PUNCT
easat-4440	130	5	societies	society	NOUN
easat-4440	130	6	may	may	AUX
easat-4440	130	7	become	become	VERB
easat-4440	130	8	open	open	ADJ
easat-4440	130	9	to	to	ADP
easat-4440	130	10	illegal	illegal	ADJ
easat-4440	130	11	actions	action	NOUN
easat-4440	130	12	such	such	ADJ
easat-4440	130	13	as	as	ADP
easat-4440	130	14	corruption	corruption	NOUN
easat-4440	130	15	to	to	PART
easat-4440	130	16	control	control	VERB
easat-4440	130	17	their	their	PRON
easat-4440	130	18	economic	economic	ADJ
easat-4440	130	19	situation	situation	NOUN
easat-4440	130	20	.	.	PUNCT
easat-4440	131	1	in	in	ADP
easat-4440	131	2	some	some	DET
easat-4440	131	3	circumstances	circumstance	NOUN
easat-4440	131	4	,	,	PUNCT
easat-4440	131	5	however	however	ADV
easat-4440	131	6	,	,	PUNCT
easat-4440	131	7	the	the	DET
easat-4440	131	8	uncertainty	uncertainty	NOUN
easat-4440	131	9	of	of	ADP
easat-4440	131	10	economic	economic	ADJ
easat-4440	131	11	policy	policy	NOUN
easat-4440	131	12	can	can	AUX
easat-4440	131	13	disrupt	disrupt	VERB
easat-4440	131	14	traditional	traditional	ADJ
easat-4440	131	15	legal	legal	ADJ
easat-4440	131	16	and	and	CCONJ
easat-4440	131	17	corrupt	corrupt	ADJ
easat-4440	131	18	relations	relation	NOUN
easat-4440	131	19	[	[	X
easat-4440	131	20	29	29	NUM
easat-4440	131	21	]	]	PUNCT
easat-4440	131	22	.	.	PUNCT
easat-4440	132	1	since	since	SCONJ
easat-4440	132	2	the	the	DET
easat-4440	132	3	payment	payment	NOUN
easat-4440	132	4	of	of	ADP
easat-4440	132	5	bribes	bribe	NOUN
easat-4440	132	6	and	and	CCONJ
easat-4440	132	7	the	the	DET
easat-4440	132	8	provision	provision	NOUN
easat-4440	132	9	of	of	ADP
easat-4440	132	10	the	the	DET
easat-4440	132	11	agreed	agree	VERB
easat-4440	132	12	benefits	benefit	NOUN
easat-4440	132	13	do	do	AUX
easat-4440	132	14	not	not	PART
easat-4440	132	15	occur	occur	VERB
easat-4440	132	16	at	at	ADP
easat-4440	132	17	the	the	DET
easat-4440	132	18	same	same	ADJ
easat-4440	132	19	time	time	NOUN
easat-4440	132	20	due	due	ADP
easat-4440	132	21	to	to	ADP
easat-4440	132	22	reasons	reason	NOUN
easat-4440	132	23	such	such	ADJ
easat-4440	132	24	as	as	ADP
easat-4440	132	25	non	non	NOUN
easat-4440	132	26	-	-	NOUN
easat-4440	132	27	compliance	compliance	NOUN
easat-4440	132	28	with	with	ADP
easat-4440	132	29	the	the	DET
easat-4440	132	30	contract	contract	NOUN
easat-4440	132	31	,	,	PUNCT
easat-4440	132	32	change	change	NOUN
easat-4440	132	33	of	of	ADP
easat-4440	132	34	opinion	opinion	NOUN
easat-4440	132	35	or	or	CCONJ
easat-4440	132	36	change	change	NOUN
easat-4440	132	37	of	of	ADP
easat-4440	132	38	duty	duty	NOUN
easat-4440	132	39	.	.	PUNCT
easat-4440	133	1	as	as	ADP
easat-4440	133	2	a	a	DET
easat-4440	133	3	result	result	NOUN
easat-4440	133	4	,	,	PUNCT
easat-4440	133	5	delays	delay	NOUN
easat-4440	133	6	may	may	AUX
easat-4440	133	7	occur	occur	VERB
easat-4440	133	8	in	in	ADP
easat-4440	133	9	the	the	DET
easat-4440	133	10	conclusion	conclusion	NOUN
easat-4440	133	11	of	of	ADP
easat-4440	133	12	corruption	corruption	NOUN
easat-4440	133	13	acts	act	NOUN
easat-4440	133	14	.	.	PUNCT
easat-4440	134	1	institutional	institutional	ADJ
easat-4440	134	2	factors	factor	NOUN
easat-4440	134	3	suffer	suffer	VERB
easat-4440	134	4	from	from	ADP
easat-4440	134	5	an	an	DET
easat-4440	134	6	adverse	adverse	ADJ
easat-4440	134	7	influence	influence	NOUN
easat-4440	134	8	on	on	ADP
easat-4440	134	9	epu	epu	NOUN
easat-4440	134	10	,	,	PUNCT
easat-4440	134	11	albeit	albeit	SCONJ
easat-4440	134	12	to	to	ADP
easat-4440	134	13	an	an	DET
easat-4440	134	14	extremely	extremely	ADV
easat-4440	134	15	limited	limited	ADJ
easat-4440	134	16	degree	degree	NOUN
easat-4440	134	17	,	,	PUNCT
easat-4440	134	18	according	accord	VERB
easat-4440	134	19	[	[	X
easat-4440	134	20	30	30	NUM
easat-4440	134	21	]	]	X
easat-4440	134	22	research	research	NOUN
easat-4440	134	23	on	on	ADP
easat-4440	134	24	african	african	ADJ
easat-4440	134	25	countries	country	NOUN
easat-4440	134	26	.	.	PUNCT
easat-4440	135	1	the	the	DET
easat-4440	135	2	reason	reason	NOUN
easat-4440	135	3	for	for	ADP
easat-4440	135	4	this	this	PRON
easat-4440	135	5	is	be	AUX
easat-4440	135	6	seen	see	VERB
easat-4440	135	7	as	as	ADP
easat-4440	135	8	the	the	DET
easat-4440	135	9	inability	inability	NOUN
easat-4440	135	10	to	to	PART
easat-4440	135	11	establish	establish	VERB
easat-4440	135	12	a	a	DET
easat-4440	135	13	strong	strong	ADJ
easat-4440	135	14	institutional	institutional	ADJ
easat-4440	135	15	structure	structure	NOUN
easat-4440	135	16	in	in	ADP
easat-4440	135	17	african	african	ADJ
easat-4440	135	18	countries	country	NOUN
easat-4440	135	19	.	.	PUNCT
easat-4440	136	1	therefore	therefore	ADV
easat-4440	136	2	,	,	PUNCT
easat-4440	136	3	it	it	PRON
easat-4440	136	4	causes	cause	VERB
easat-4440	136	5	institutional	institutional	ADJ
easat-4440	136	6	factors	factor	NOUN
easat-4440	136	7	to	to	PART
easat-4440	136	8	remain	remain	VERB
easat-4440	136	9	weak	weak	ADJ
easat-4440	136	10	in	in	ADP
easat-4440	136	11	stimulating	stimulate	VERB
easat-4440	136	12	the	the	DET
easat-4440	136	13	economic	economic	ADJ
easat-4440	136	14	performance	performance	NOUN
easat-4440	136	15	of	of	ADP
easat-4440	136	16	the	the	DET
easat-4440	136	17	african	african	ADJ
easat-4440	136	18	continent	continent	NOUN
easat-4440	136	19	.	.	PUNCT
easat-4440	137	1	farooq	farooq	PROPN
easat-4440	137	2	,	,	PUNCT
easat-4440	137	3	et	et	PROPN
easat-4440	137	4	al	al	PROPN
easat-4440	137	5	.	.	PUNCT
easat-4440	138	1	[	[	X
easat-4440	138	2	3	3	X
easat-4440	138	3	]	]	PUNCT
easat-4440	138	4	explained	explain	VERB
easat-4440	138	5	in	in	ADP
easat-4440	138	6	their	their	PRON
easat-4440	138	7	study	study	NOUN
easat-4440	138	8	that	that	SCONJ
easat-4440	138	9	the	the	DET
easat-4440	138	10	improvement	improvement	NOUN
easat-4440	138	11	in	in	ADP
easat-4440	138	12	institutional	institutional	ADJ
easat-4440	138	13	factors	factor	NOUN
easat-4440	138	14	can	can	AUX
easat-4440	138	15	reduce	reduce	VERB
easat-4440	138	16	the	the	DET
easat-4440	138	17	negative	negative	ADJ
easat-4440	138	18	effects	effect	NOUN
easat-4440	138	19	of	of	ADP
easat-4440	138	20	unstable	unstable	ADJ
easat-4440	138	21	economic	economic	ADJ
easat-4440	138	22	conditions	condition	NOUN
easat-4440	138	23	.	.	PUNCT
easat-4440	139	1	according	accord	VERB
easat-4440	139	2	to	to	ADP
easat-4440	139	3	farooq	farooq	PROPN
easat-4440	139	4	,	,	PUNCT
easat-4440	139	5	et	et	PROPN
easat-4440	139	6	al	al	PROPN
easat-4440	139	7	.	.	PUNCT
easat-4440	140	1	[	[	X
easat-4440	140	2	3	3	X
easat-4440	140	3	]	]	X
easat-4440	140	4	the	the	DET
easat-4440	140	5	increase	increase	NOUN
easat-4440	140	6	in	in	ADP
easat-4440	140	7	the	the	DET
easat-4440	140	8	quality	quality	NOUN
easat-4440	140	9	of	of	ADP
easat-4440	140	10	institutional	institutional	ADJ
easat-4440	140	11	factors	factor	NOUN
easat-4440	140	12	can	can	AUX
easat-4440	140	13	minimize	minimize	VERB
easat-4440	140	14	the	the	DET
easat-4440	140	15	spurious	spurious	ADJ
easat-4440	140	16	economic	economic	ADJ
easat-4440	140	17	situation	situation	NOUN
easat-4440	140	18	caused	cause	VERB
easat-4440	140	19	by	by	ADP
easat-4440	140	20	epu	epu	NOUN
easat-4440	140	21	in	in	ADP
easat-4440	140	22	a	a	DET
easat-4440	140	23	country	country	NOUN
easat-4440	140	24	,	,	PUNCT
easat-4440	140	25	thereby	thereby	ADV
easat-4440	140	26	protecting	protect	VERB
easat-4440	140	27	investor	investor	NOUN
easat-4440	140	28	rights	right	NOUN
easat-4440	140	29	,	,	PUNCT
easat-4440	140	30	preventing	prevent	VERB
easat-4440	140	31	manipulation	manipulation	NOUN
easat-4440	140	32	of	of	ADP
easat-4440	140	33	investor	investor	NOUN
easat-4440	140	34	rights	right	NOUN
easat-4440	140	35	and	and	CCONJ
easat-4440	140	36	information	information	NOUN
easat-4440	140	37	asymmetry	asymmetry	NOUN
easat-4440	140	38	,	,	PUNCT
easat-4440	140	39	legitimizing	legitimize	VERB
easat-4440	140	40	economic	economic	ADJ
easat-4440	140	41	certainty	certainty	NOUN
easat-4440	140	42	,	,	PUNCT
easat-4440	140	43	and	and	CCONJ
easat-4440	140	44	increasing	increase	VERB
easat-4440	140	45	political	political	ADJ
easat-4440	140	46	stability	stability	NOUN
easat-4440	140	47	.	.	PUNCT
easat-4440	141	1	it	it	PRON
easat-4440	141	2	can	can	AUX
easat-4440	141	3	help	help	VERB
easat-4440	141	4	to	to	PART
easat-4440	141	5	eliminate	eliminate	VERB
easat-4440	141	6	the	the	DET
easat-4440	141	7	negative	negative	ADJ
easat-4440	141	8	conditions	condition	NOUN
easat-4440	141	9	caused	cause	VERB
easat-4440	141	10	by	by	ADP
easat-4440	141	11	it	it	PRON
easat-4440	141	12	.	.	PUNCT
easat-4440	142	1	in	in	ADP
easat-4440	142	2	the	the	DET
easat-4440	142	3	study	study	NOUN
easat-4440	142	4	of	of	ADP
easat-4440	142	5	afzali	afzali	PROPN
easat-4440	142	6	,	,	PUNCT
easat-4440	142	7	et	et	PROPN
easat-4440	142	8	al	al	PROPN
easat-4440	142	9	.	.	PUNCT
easat-4440	143	1	[	[	X
easat-4440	143	2	9	9	NUM
easat-4440	143	3	]	]	X
easat-4440	143	4	economic	economic	ADJ
easat-4440	143	5	uncertainty	uncertainty	NOUN
easat-4440	143	6	is	be	AUX
easat-4440	143	7	seen	see	VERB
easat-4440	143	8	as	as	ADP
easat-4440	143	9	an	an	DET
easat-4440	143	10	effective	effective	ADJ
easat-4440	143	11	factor	factor	NOUN
easat-4440	143	12	in	in	ADP
easat-4440	143	13	the	the	DET
easat-4440	143	14	increase	increase	NOUN
easat-4440	143	15	of	of	ADP
easat-4440	143	16	corruption	corruption	NOUN
easat-4440	143	17	by	by	ADP
easat-4440	143	18	increasing	increase	VERB
easat-4440	143	19	bribery	bribery	NOUN
easat-4440	143	20	and	and	CCONJ
easat-4440	143	21	tax	tax	NOUN
easat-4440	143	22	evasion	evasion	NOUN
easat-4440	143	23	.	.	PUNCT
easat-4440	144	1	according	accord	VERB
easat-4440	144	2	to	to	ADP
easat-4440	144	3	the	the	DET
easat-4440	144	4	results	result	NOUN
easat-4440	144	5	obtained	obtain	VERB
easat-4440	144	6	,	,	PUNCT
easat-4440	144	7	in	in	ADP
easat-4440	144	8	cases	case	NOUN
easat-4440	144	9	of	of	ADP
easat-4440	144	10	economic	economic	ADJ
easat-4440	144	11	uncertainty	uncertainty	NOUN
easat-4440	144	12	,	,	PUNCT
easat-4440	144	13	private	private	ADJ
easat-4440	144	14	firms	firm	NOUN
easat-4440	144	15	resort	resort	VERB
easat-4440	144	16	to	to	ADP
easat-4440	144	17	tax	tax	NOUN
easat-4440	144	18	evasion	evasion	NOUN
easat-4440	144	19	,	,	PUNCT
easat-4440	144	20	while	while	SCONJ
easat-4440	144	21	public	public	ADJ
easat-4440	144	22	firms	firm	NOUN
easat-4440	144	23	resort	resort	VERB
easat-4440	144	24	to	to	ADP
easat-4440	144	25	bribery	bribery	NOUN
easat-4440	144	26	.	.	PUNCT
easat-4440	145	1	thus	thus	ADV
easat-4440	145	2	,	,	PUNCT
easat-4440	145	3	for	for	ADP
easat-4440	145	4	the	the	DET
easat-4440	145	5	public	public	NOUN
easat-4440	145	6	as	as	ADV
easat-4440	145	7	well	well	ADV
easat-4440	145	8	as	as	ADP
easat-4440	145	9	privately	privately	ADV
easat-4440	145	10	owned	own	VERB
easat-4440	145	11	firms	firm	NOUN
easat-4440	145	12	,	,	PUNCT
easat-4440	145	13	uncertainty	uncertainty	NOUN
easat-4440	145	14	is	be	AUX
easat-4440	145	15	seen	see	VERB
easat-4440	145	16	to	to	PART
easat-4440	145	17	be	be	AUX
easat-4440	145	18	known	know	VERB
easat-4440	145	19	as	as	ADP
easat-4440	145	20	leading	lead	VERB
easat-4440	145	21	to	to	ADP
easat-4440	145	22	illegal	illegal	ADJ
easat-4440	145	23	acts	act	NOUN
easat-4440	145	24	such	such	ADJ
easat-4440	145	25	as	as	ADP
easat-4440	145	26	corruption	corruption	NOUN
easat-4440	145	27	and	and	CCONJ
easat-4440	145	28	the	the	DET
easat-4440	145	29	emergence	emergence	NOUN
easat-4440	145	30	of	of	ADP
easat-4440	145	31	business	business	NOUN
easat-4440	145	32	barriers	barrier	NOUN
easat-4440	145	33	.	.	PUNCT
easat-4440	146	1	as	as	SCONJ
easat-4440	146	2	seen	see	VERB
easat-4440	146	3	in	in	ADP
easat-4440	146	4	the	the	DET
easat-4440	146	5	empirical	empirical	ADJ
easat-4440	146	6	and	and	CCONJ
easat-4440	146	7	theoretical	theoretical	ADJ
easat-4440	146	8	literature	literature	NOUN
easat-4440	146	9	review	review	NOUN
easat-4440	146	10	,	,	PUNCT
easat-4440	146	11	there	there	PRON
easat-4440	146	12	exist	exist	VERB
easat-4440	146	13	a	a	DET
easat-4440	146	14	few	few	ADJ
easat-4440	146	15	investigations	investigation	NOUN
easat-4440	146	16	that	that	PRON
easat-4440	146	17	look	look	VERB
easat-4440	146	18	into	into	ADP
easat-4440	146	19	the	the	DET
easat-4440	146	20	impact	impact	NOUN
easat-4440	146	21	of	of	ADP
easat-4440	146	22	institutional	institutional	ADJ
easat-4440	146	23	factors	factor	NOUN
easat-4440	146	24	on	on	ADP
easat-4440	146	25	epu	epu	PROPN
easat-4440	146	26	.	.	PUNCT
easat-4440	147	1	the	the	DET
easat-4440	147	2	majority	majority	NOUN
easat-4440	147	3	of	of	ADP
easat-4440	147	4	the	the	DET
easat-4440	147	5	research	research	NOUN
easat-4440	147	6	has	have	AUX
easat-4440	147	7	focused	focus	VERB
easat-4440	147	8	on	on	ADP
easat-4440	147	9	the	the	DET
easat-4440	147	10	consequences	consequence	NOUN
easat-4440	147	11	of	of	ADP
easat-4440	147	12	epu	epu	PROPN
easat-4440	147	13	on	on	ADP
easat-4440	147	14	institutional	institutional	ADJ
easat-4440	147	15	factors	factor	NOUN
easat-4440	147	16	,	,	PUNCT
easat-4440	147	17	especially	especially	ADV
easat-4440	147	18	corruption	corruption	NOUN
easat-4440	147	19	.	.	PUNCT
easat-4440	148	1	therefore	therefore	ADV
easat-4440	148	2	,	,	PUNCT
easat-4440	148	3	it	it	PRON
easat-4440	148	4	is	be	AUX
easat-4440	148	5	thought	think	VERB
easat-4440	148	6	that	that	SCONJ
easat-4440	148	7	this	this	DET
easat-4440	148	8	deficiency	deficiency	NOUN
easat-4440	148	9	in	in	ADP
easat-4440	148	10	the	the	DET
easat-4440	148	11	literature	literature	NOUN
easat-4440	148	12	will	will	AUX
easat-4440	148	13	be	be	AUX
easat-4440	148	14	eliminated	eliminate	VERB
easat-4440	148	15	with	with	ADP
easat-4440	148	16	this	this	DET
easat-4440	148	17	study	study	NOUN
easat-4440	148	18	.	.	PUNCT
easat-4440	149	1	3	3	X
easat-4440	149	2	.	.	X
easat-4440	149	3	data	datum	NOUN
easat-4440	149	4	and	and	CCONJ
easat-4440	149	5	variables	variable	NOUN
easat-4440	149	6	according	accord	VERB
easat-4440	149	7	to	to	ADP
easat-4440	149	8	data	datum	NOUN
easat-4440	149	9	availability	availability	NOUN
easat-4440	149	10	,	,	PUNCT
easat-4440	149	11	annual	annual	ADJ
easat-4440	149	12	data	datum	NOUN
easat-4440	149	13	(	(	PUNCT
easat-4440	149	14	2002	2002	NUM
easat-4440	149	15	-	-	SYM
easat-4440	149	16	2021	2021	NUM
easat-4440	149	17	)	)	PUNCT
easat-4440	149	18	for	for	ADP
easat-4440	149	19	eight	eight	NUM
easat-4440	149	20	european	european	ADJ
easat-4440	149	21	countries	country	NOUN
easat-4440	149	22	(	(	PUNCT
easat-4440	149	23	france	france	PROPN
easat-4440	149	24	,	,	PUNCT
easat-4440	149	25	germany	germany	PROPN
easat-4440	149	26	,	,	PUNCT
easat-4440	149	27	greece	greece	PROPN
easat-4440	149	28	,	,	PUNCT
easat-4440	149	29	ireland	ireland	PROPN
easat-4440	149	30	,	,	PUNCT
easat-4440	149	31	italy	italy	PROPN
easat-4440	149	32	,	,	PUNCT
easat-4440	149	33	spain	spain	PROPN
easat-4440	149	34	,	,	PUNCT
easat-4440	149	35	united	united	ADJ
easat-4440	149	36	kingdom	kingdom	PROPN
easat-4440	149	37	and	and	CCONJ
easat-4440	149	38	sweden	sweden	PROPN
easat-4440	149	39	)	)	PUNCT
easat-4440	149	40	were	be	AUX
easat-4440	149	41	used	use	VERB
easat-4440	149	42	for	for	ADP
easat-4440	149	43	analyzing	analyze	VERB
easat-4440	149	44	the	the	DET
easat-4440	149	45	association	association	NOUN
easat-4440	149	46	between	between	ADP
easat-4440	149	47	institutional	institutional	ADJ
easat-4440	149	48	factors	factor	NOUN
easat-4440	149	49	and	and	CCONJ
easat-4440	149	50	epu	epu	NOUN
easat-4440	149	51	.	.	PUNCT
easat-4440	150	1	as	as	SCONJ
easat-4440	150	2	previously	previously	ADV
easat-4440	150	3	stated	state	VERB
easat-4440	150	4	,	,	PUNCT
easat-4440	150	5	institutional	institutional	ADJ
easat-4440	150	6	factors	factor	NOUN
easat-4440	150	7	that	that	PRON
easat-4440	150	8	allow	allow	VERB
easat-4440	150	9	us	we	PRON
easat-4440	150	10	to	to	PART
easat-4440	150	11	obtain	obtain	VERB
easat-4440	150	12	information	information	NOUN
easat-4440	150	13	about	about	ADP
easat-4440	150	14	the	the	DET
easat-4440	150	15	country	country	NOUN
easat-4440	150	16	's	's	PART
easat-4440	150	17	political	political	ADJ
easat-4440	150	18	and	and	CCONJ
easat-4440	150	19	institutional	institutional	ADJ
easat-4440	150	20	structure	structure	NOUN
easat-4440	150	21	are	be	AUX
easat-4440	150	22	expressed	express	VERB
easat-4440	150	23	as	as	ADP
easat-4440	150	24	six	six	NUM
easat-4440	150	25	indicators	indicator	NOUN
easat-4440	150	26	of	of	ADP
easat-4440	150	27	good	good	ADJ
easat-4440	150	28	governance	governance	NOUN
easat-4440	150	29	:	:	PUNCT
easat-4440	150	30	control	control	NOUN
easat-4440	150	31	of	of	ADP
easat-4440	150	32	corruption	corruption	NOUN
easat-4440	150	33	,	,	PUNCT
easat-4440	150	34	government	government	NOUN
easat-4440	150	35	effectiveness	effectiveness	NOUN
easat-4440	150	36	,	,	PUNCT
easat-4440	150	37	regulatory	regulatory	ADJ
easat-4440	150	38	quality	quality	NOUN
easat-4440	150	39	,	,	PUNCT
easat-4440	150	40	rule	rule	NOUN
easat-4440	150	41	of	of	ADP
easat-4440	150	42	law	law	NOUN
easat-4440	150	43	,	,	PUNCT
easat-4440	150	44	political	political	ADJ
easat-4440	150	45	stability	stability	NOUN
easat-4440	150	46	and	and	CCONJ
easat-4440	150	47	absence	absence	NOUN
easat-4440	150	48	of	of	ADP
easat-4440	150	49	violence	violence	NOUN
easat-4440	150	50	and	and	CCONJ
easat-4440	150	51	voice	voice	NOUN
easat-4440	150	52	and	and	CCONJ
easat-4440	150	53	accountability	accountability	NOUN
easat-4440	150	54	.	.	PUNCT
easat-4440	151	1	table	table	NOUN
easat-4440	151	2	1	1	NUM
easat-4440	151	3	contains	contain	VERB
easat-4440	151	4	detailed	detailed	ADJ
easat-4440	151	5	explanations	explanation	NOUN
easat-4440	151	6	of	of	ADP
easat-4440	151	7	the	the	DET
easat-4440	151	8	variables	variable	NOUN
easat-4440	151	9	used	use	VERB
easat-4440	151	10	in	in	ADP
easat-4440	151	11	the	the	DET
easat-4440	151	12	models	model	NOUN
easat-4440	151	13	as	as	ADV
easat-4440	151	14	well	well	ADV
easat-4440	151	15	as	as	ADP
easat-4440	151	16	the	the	DET
easat-4440	151	17	data	datum	NOUN
easat-4440	151	18	sources	source	NOUN
easat-4440	151	19	for	for	ADP
easat-4440	151	20	these	these	DET
easat-4440	151	21	variables	variable	NOUN
easat-4440	151	22	.	.	PUNCT
easat-4440	152	1	table	table	NOUN
easat-4440	152	2	1	1	NUM
easat-4440	152	3	.	.	PUNCT
easat-4440	153	1	variables	variable	NOUN
easat-4440	153	2	’	'	PUNCT
easat-4440	153	3	description	description	NOUN
easat-4440	153	4	and	and	CCONJ
easat-4440	153	5	data	datum	NOUN
easat-4440	153	6	sources	source	NOUN
easat-4440	153	7	.	.	PUNCT
easat-4440	154	1	variable	variable	ADJ
easat-4440	154	2	source	source	NOUN
easat-4440	154	3	control	control	NOUN
easat-4440	154	4	of	of	ADP
easat-4440	154	5	corruption	corruption	NOUN
easat-4440	154	6	(	(	PUNCT
easat-4440	154	7	cc	cc	NOUN
easat-4440	154	8	):	):	PUNCT
easat-4440	155	1	it	it	PRON
easat-4440	155	2	assesses	assess	VERB
easat-4440	155	3	the	the	DET
easat-4440	155	4	amount	amount	NOUN
easat-4440	155	5	of	of	ADP
easat-4440	155	6	governmental	governmental	ADJ
easat-4440	155	7	authority	authority	NOUN
easat-4440	155	8	that	that	SCONJ
easat-4440	155	9	these	these	DET
easat-4440	155	10	groups	group	NOUN
easat-4440	155	11	use	use	VERB
easat-4440	155	12	for	for	ADP
easat-4440	155	13	their	their	PRON
easat-4440	155	14	benefit	benefit	NOUN
easat-4440	155	15	if	if	SCONJ
easat-4440	155	16	the	the	DET
easat-4440	155	17	government	government	NOUN
easat-4440	155	18	is	be	AUX
easat-4440	155	19	taken	take	VERB
easat-4440	155	20	over	over	ADP
easat-4440	155	21	by	by	ADP
easat-4440	155	22	powerful	powerful	ADJ
easat-4440	155	23	people	people	NOUN
easat-4440	155	24	and	and	CCONJ
easat-4440	155	25	special	special	ADJ
easat-4440	155	26	interest	interest	NOUN
easat-4440	155	27	groups	group	NOUN
easat-4440	155	28	.	.	PUNCT
easat-4440	156	1	worldwide	worldwide	ADJ
easat-4440	156	2	governance	governance	NOUN
easat-4440	156	3	indicators	indicator	NOUN
easat-4440	156	4	government	government	NOUN
easat-4440	156	5	effectiveness	effectiveness	NOUN
easat-4440	156	6	(	(	PUNCT
easat-4440	156	7	ge	ge	PROPN
easat-4440	156	8	):	):	PUNCT
easat-4440	156	9	the	the	DET
easat-4440	156	10	professionalism	professionalism	NOUN
easat-4440	156	11	of	of	ADP
easat-4440	156	12	the	the	DET
easat-4440	156	13	public	public	ADJ
easat-4440	156	14	sector	sector	NOUN
easat-4440	156	15	and	and	CCONJ
easat-4440	156	16	its	its	PRON
easat-4440	156	17	freedom	freedom	NOUN
easat-4440	156	18	coming	come	VERB
easat-4440	156	19	from	from	ADP
easat-4440	156	20	influences	influence	NOUN
easat-4440	156	21	from	from	ADP
easat-4440	156	22	politics	politic	NOUN
easat-4440	156	23	,	,	PUNCT
easat-4440	156	24	the	the	DET
easat-4440	156	25	effectiveness	effectiveness	NOUN
easat-4440	156	26	of	of	ADP
easat-4440	156	27	policy	policy	NOUN
easat-4440	156	28	creation	creation	NOUN
easat-4440	156	29	and	and	CCONJ
easat-4440	156	30	execution	execution	NOUN
easat-4440	156	31	,	,	PUNCT
easat-4440	156	32	and	and	CCONJ
easat-4440	156	33	the	the	DET
easat-4440	156	34	reliability	reliability	NOUN
easat-4440	156	35	of	of	ADP
easat-4440	156	36	the	the	DET
easat-4440	156	37	government	government	NOUN
easat-4440	156	38	's	's	PART
easat-4440	156	39	adherence	adherence	NOUN
easat-4440	156	40	to	to	ADP
easat-4440	156	41	these	these	DET
easat-4440	156	42	strategies	strategy	NOUN
easat-4440	156	43	are	be	AUX
easat-4440	156	44	all	all	PRON
easat-4440	156	45	used	use	VERB
easat-4440	156	46	to	to	PART
easat-4440	156	47	assess	assess	VERB
easat-4440	156	48	perceptions	perception	NOUN
easat-4440	156	49	.	.	PUNCT
easat-4440	157	1	worldwide	worldwide	ADJ
easat-4440	157	2	governance	governance	NOUN
easat-4440	157	3	indicators	indicator	NOUN
easat-4440	157	4	political	political	ADJ
easat-4440	157	5	stability	stability	NOUN
easat-4440	157	6	and	and	CCONJ
easat-4440	157	7	absence	absence	NOUN
easat-4440	157	8	of	of	ADP
easat-4440	157	9	violence	violence	NOUN
easat-4440	157	10	(	(	PUNCT
easat-4440	157	11	psav	psav	NOUN
easat-4440	157	12	):	):	PUNCT
easat-4440	157	13	perceptions	perception	NOUN
easat-4440	157	14	are	be	AUX
easat-4440	157	15	measured	measure	VERB
easat-4440	157	16	based	base	VERB
easat-4440	157	17	on	on	ADP
easat-4440	157	18	the	the	DET
easat-4440	157	19	possibility	possibility	NOUN
easat-4440	157	20	of	of	ADP
easat-4440	157	21	the	the	DET
easat-4440	157	22	state	state	NOUN
easat-4440	157	23	being	be	AUX
easat-4440	157	24	overthrown	overthrow	VERB
easat-4440	157	25	through	through	ADP
easat-4440	157	26	destabilization	destabilization	NOUN
easat-4440	157	27	,	,	PUNCT
easat-4440	157	28	unconstitutional	unconstitutional	ADJ
easat-4440	157	29	and	and	CCONJ
easat-4440	157	30	politically	politically	ADV
easat-4440	157	31	inspired	inspire	VERB
easat-4440	157	32	violence	violence	NOUN
easat-4440	157	33	,	,	PUNCT
easat-4440	157	34	and	and	CCONJ
easat-4440	157	35	terrorism	terrorism	NOUN
easat-4440	157	36	.	.	PUNCT
easat-4440	158	1	worldwide	worldwide	ADJ
easat-4440	158	2	governance	governance	NOUN
easat-4440	158	3	indicators	indicator	NOUN
easat-4440	158	4	regularity	regularity	VERB
easat-4440	158	5	quality	quality	NOUN
easat-4440	158	6	(	(	PUNCT
easat-4440	158	7	rq	rq	NOUN
easat-4440	158	8	):	):	PUNCT
easat-4440	158	9	it	it	PRON
easat-4440	158	10	is	be	AUX
easat-4440	158	11	a	a	DET
easat-4440	158	12	perception	perception	NOUN
easat-4440	158	13	metric	metric	ADJ
easat-4440	158	14	based	base	VERB
easat-4440	158	15	on	on	ADP
easat-4440	158	16	the	the	DET
easat-4440	158	17	state	state	NOUN
easat-4440	158	18	's	's	PART
easat-4440	158	19	ability	ability	NOUN
easat-4440	158	20	to	to	PART
easat-4440	158	21	create	create	VERB
easat-4440	158	22	and	and	CCONJ
easat-4440	158	23	carry	carry	VERB
easat-4440	158	24	out	out	ADP
easat-4440	158	25	good	good	ADJ
easat-4440	158	26	rules	rule	NOUN
easat-4440	158	27	and	and	CCONJ
easat-4440	158	28	regulations	regulation	NOUN
easat-4440	158	29	that	that	PRON
easat-4440	158	30	allow	allow	VERB
easat-4440	158	31	and	and	CCONJ
easat-4440	158	32	encourage	encourage	VERB
easat-4440	158	33	the	the	DET
easat-4440	158	34	growth	growth	NOUN
easat-4440	158	35	of	of	ADP
easat-4440	158	36	the	the	DET
easat-4440	158	37	private	private	ADJ
easat-4440	158	38	industry	industry	NOUN
easat-4440	158	39	.	.	PUNCT
easat-4440	159	1	worldwide	worldwide	ADJ
easat-4440	159	2	governance	governance	NOUN
easat-4440	159	3	indicators	indicator	NOUN
easat-4440	159	4	rule	rule	VERB
easat-4440	159	5	of	of	ADP
easat-4440	159	6	law	law	NOUN
easat-4440	159	7	(	(	PUNCT
easat-4440	159	8	rl	rl	X
easat-4440	159	9	):	):	PUNCT
easat-4440	159	10	it	it	PRON
easat-4440	159	11	measures	measure	VERB
easat-4440	159	12	how	how	SCONJ
easat-4440	159	13	much	much	ADJ
easat-4440	159	14	government	government	NOUN
easat-4440	159	15	agents	agent	NOUN
easat-4440	159	16	trust	trust	VERB
easat-4440	159	17	and	and	CCONJ
easat-4440	159	18	follow	follow	VERB
easat-4440	159	19	societal	societal	ADJ
easat-4440	159	20	rules	rule	NOUN
easat-4440	159	21	,	,	PUNCT
easat-4440	159	22	worldwide	worldwide	ADV
easat-4440	159	23	149	149	NUM
easat-4440	159	24	edelweiss	edelweiss	PROPN
easat-4440	159	25	applied	apply	VERB
easat-4440	159	26	science	science	NOUN
easat-4440	159	27	and	and	CCONJ
easat-4440	159	28	technology	technology	NOUN
easat-4440	159	29	issn	issn	PROPN
easat-4440	159	30	:	:	PUNCT
easat-4440	159	31	2576	2576	NUM
easat-4440	159	32	-	-	SYM
easat-4440	159	33	8484	8484	NUM
easat-4440	159	34	vol	vol	NOUN
easat-4440	159	35	.	.	PROPN
easat-4440	160	1	9	9	NUM
easat-4440	160	2	,	,	PUNCT
easat-4440	160	3	no	no	INTJ
easat-4440	160	4	.	.	NOUN
easat-4440	161	1	2	2	NUM
easat-4440	161	2	:	:	SYM
easat-4440	161	3	144	144	NUM
easat-4440	161	4	-	-	SYM
easat-4440	161	5	159	159	NUM
easat-4440	161	6	,	,	PUNCT
easat-4440	161	7	2025	2025	NUM
easat-4440	161	8	doi	doi	NOUN
easat-4440	161	9	:	:	PUNCT
easat-4440	161	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	161	11	©	©	PROPN
easat-4440	161	12	2025	2025	NUM
easat-4440	161	13	by	by	ADP
easat-4440	161	14	the	the	DET
easat-4440	161	15	author	author	NOUN
easat-4440	161	16	;	;	PUNCT
easat-4440	161	17	licensee	licensee	PROPN
easat-4440	161	18	learning	learning	NOUN
easat-4440	161	19	gate	gate	NOUN
easat-4440	161	20	specifically	specifically	ADV
easat-4440	161	21	the	the	DET
easat-4440	161	22	efficacy	efficacy	NOUN
easat-4440	161	23	of	of	ADP
easat-4440	161	24	legal	legal	ADJ
easat-4440	161	25	regulation	regulation	NOUN
easat-4440	161	26	,	,	PUNCT
easat-4440	161	27	the	the	DET
easat-4440	161	28	rights	right	NOUN
easat-4440	161	29	of	of	ADP
easat-4440	161	30	ownership	ownership	NOUN
easat-4440	161	31	,	,	PUNCT
easat-4440	161	32	justice	justice	NOUN
easat-4440	161	33	and	and	CCONJ
easat-4440	161	34	law	law	NOUN
easat-4440	161	35	enforcement	enforcement	NOUN
easat-4440	161	36	,	,	PUNCT
easat-4440	161	37	and	and	CCONJ
easat-4440	161	38	the	the	DET
easat-4440	161	39	probability	probability	NOUN
easat-4440	161	40	of	of	ADP
easat-4440	161	41	violent	violent	ADJ
easat-4440	161	42	or	or	CCONJ
easat-4440	161	43	criminal	criminal	ADJ
easat-4440	161	44	behavior	behavior	NOUN
easat-4440	161	45	.	.	PUNCT
easat-4440	162	1	governance	governance	NOUN
easat-4440	162	2	indicators	indicator	NOUN
easat-4440	162	3	voice	voice	NOUN
easat-4440	162	4	and	and	CCONJ
easat-4440	162	5	accountability	accountability	NOUN
easat-4440	162	6	(	(	PUNCT
easat-4440	162	7	va	va	NOUN
easat-4440	162	8	):	):	PUNCT
easat-4440	162	9	it	it	PRON
easat-4440	162	10	assesses	assess	VERB
easat-4440	162	11	citizens	citizen	NOUN
easat-4440	162	12	'	'	PART
easat-4440	162	13	perceptions	perception	NOUN
easat-4440	162	14	of	of	ADP
easat-4440	162	15	freedom	freedom	NOUN
easat-4440	162	16	of	of	ADP
easat-4440	162	17	speech	speech	NOUN
easat-4440	162	18	and	and	CCONJ
easat-4440	162	19	connections	connection	NOUN
easat-4440	162	20	,	,	PUNCT
easat-4440	162	21	accessibility	accessibility	NOUN
easat-4440	162	22	to	to	ADP
easat-4440	162	23	information	information	NOUN
easat-4440	162	24	,	,	PUNCT
easat-4440	162	25	and	and	CCONJ
easat-4440	162	26	their	their	PRON
easat-4440	162	27	ability	ability	NOUN
easat-4440	162	28	to	to	PART
easat-4440	162	29	vote	vote	VERB
easat-4440	162	30	in	in	ADP
easat-4440	162	31	government	government	NOUN
easat-4440	162	32	elections	election	NOUN
easat-4440	162	33	.	.	PUNCT
easat-4440	163	1	worldwide	worldwide	ADJ
easat-4440	163	2	governance	governance	NOUN
easat-4440	163	3	indicators	indicator	NOUN
easat-4440	163	4	gdp	gdp	NOUN
easat-4440	163	5	per	per	ADP
easat-4440	163	6	capita	capita	X
easat-4440	163	7	(	(	PUNCT
easat-4440	163	8	constant	constant	ADJ
easat-4440	163	9	2015	2015	NUM
easat-4440	163	10	us$	us$	NOUN
easat-4440	163	11	)	)	PUNCT
easat-4440	163	12	(	(	PUNCT
easat-4440	163	13	gdp	gdp	NOUN
easat-4440	163	14	)	)	PUNCT
easat-4440	163	15	worldwide	worldwide	ADJ
easat-4440	163	16	governance	governance	NOUN
easat-4440	163	17	indicators	indicator	NOUN
easat-4440	163	18	epu	epu	VERB
easat-4440	163	19	index	index	NOUN
easat-4440	163	20	(	(	PUNCT
easat-4440	163	21	epu	epu	PROPN
easat-4440	163	22	)	)	PUNCT
easat-4440	163	23	economic	economic	ADJ
easat-4440	163	24	policy	policy	NOUN
easat-4440	163	25	uncertainty	uncertainty	NOUN
easat-4440	163	26	index	index	NOUN
easat-4440	163	27	4	4	NUM
easat-4440	163	28	.	.	PUNCT
easat-4440	163	29	model	model	NOUN
easat-4440	163	30	specification	specification	NOUN
easat-4440	163	31	and	and	CCONJ
easat-4440	163	32	empirical	empirical	ADJ
easat-4440	163	33	methodology	methodology	NOUN
easat-4440	163	34	4.1	4.1	NUM
easat-4440	163	35	.	.	PUNCT
easat-4440	164	1	model	model	NOUN
easat-4440	164	2	specification	specification	NOUN
easat-4440	164	3	the	the	DET
easat-4440	164	4	study	study	NOUN
easat-4440	164	5	developed	develop	VERB
easat-4440	164	6	six	six	NUM
easat-4440	164	7	models	model	NOUN
easat-4440	164	8	for	for	ADP
easat-4440	164	9	assessing	assess	VERB
easat-4440	164	10	the	the	DET
easat-4440	164	11	effect	effect	NOUN
easat-4440	164	12	of	of	ADP
easat-4440	164	13	each	each	DET
easat-4440	164	14	institutional	institutional	ADJ
easat-4440	164	15	factor	factor	NOUN
easat-4440	164	16	on	on	ADP
easat-4440	164	17	epu	epu	PROPN
easat-4440	164	18	.	.	PUNCT
easat-4440	165	1	the	the	DET
easat-4440	165	2	ingredients	ingredient	NOUN
easat-4440	165	3	constituting	constitute	VERB
easat-4440	165	4	the	the	DET
easat-4440	165	5	institutional	institutional	ADJ
easat-4440	165	6	factors	factor	NOUN
easat-4440	165	7	were	be	AUX
easat-4440	165	8	used	use	VERB
easat-4440	165	9	as	as	ADP
easat-4440	165	10	the	the	DET
easat-4440	165	11	independent	independent	ADJ
easat-4440	165	12	variable	variable	NOUN
easat-4440	165	13	in	in	ADP
easat-4440	165	14	these	these	DET
easat-4440	165	15	models	model	NOUN
easat-4440	165	16	,	,	PUNCT
easat-4440	165	17	and	and	CCONJ
easat-4440	165	18	the	the	DET
easat-4440	165	19	epu	epu	NOUN
easat-4440	165	20	was	be	AUX
easat-4440	165	21	used	use	VERB
easat-4440	165	22	as	as	ADP
easat-4440	165	23	the	the	DET
easat-4440	165	24	dependent	dependent	ADJ
easat-4440	165	25	variable	variable	NOUN
easat-4440	165	26	.	.	PUNCT
easat-4440	166	1	simultaneously	simultaneously	ADV
easat-4440	166	2	,	,	PUNCT
easat-4440	166	3	gdp	gdp	NOUN
easat-4440	166	4	per	per	ADP
easat-4440	166	5	capita	capita	NOUN
easat-4440	166	6	was	be	AUX
easat-4440	166	7	used	use	VERB
easat-4440	166	8	as	as	ADP
easat-4440	166	9	the	the	DET
easat-4440	166	10	control	control	NOUN
easat-4440	166	11	variable	variable	NOUN
easat-4440	166	12	.	.	PUNCT
easat-4440	167	1	the	the	DET
easat-4440	167	2	parameters	parameter	NOUN
easat-4440	167	3	utilized	utilize	VERB
easat-4440	167	4	during	during	ADP
easat-4440	167	5	the	the	DET
easat-4440	167	6	empirical	empirical	ADJ
easat-4440	167	7	evaluation	evaluation	NOUN
easat-4440	167	8	and	and	CCONJ
easat-4440	167	9	the	the	DET
easat-4440	167	10	models	model	NOUN
easat-4440	167	11	obtained	obtain	VERB
easat-4440	167	12	with	with	ADP
easat-4440	167	13	these	these	DET
easat-4440	167	14	variables	variable	NOUN
easat-4440	167	15	are	be	AUX
easat-4440	167	16	shown	show	VERB
easat-4440	167	17	below	below	ADP
easat-4440	167	18	.	.	PUNCT
easat-4440	168	1	model1	model1	PROPN
easat-4440	168	2	:	:	PUNCT
easat-4440	168	3	epuit	epuit	NOUN
easat-4440	168	4	=	=	SYM
easat-4440	169	1	α0	α0	ADJ
easat-4440	169	2	+	+	CCONJ
easat-4440	169	3	α1ccit	α1ccit	NUM
easat-4440	169	4	+	+	NUM
easat-4440	169	5	α2gdp	α2gdp	NUM
easat-4440	169	6	+	+	CCONJ
easat-4440	169	7	ϵit	ϵit	NOUN
easat-4440	169	8	model2	model2	PROPN
easat-4440	169	9	:	:	PUNCT
easat-4440	169	10	epuit	epuit	NOUN
easat-4440	169	11	=	=	SYM
easat-4440	170	1	α0	α0	PROPN
easat-4440	170	2	+	+	CCONJ
easat-4440	170	3	α1geit	α1geit	PROPN
easat-4440	170	4	+	+	CCONJ
easat-4440	170	5	α2gdp	α2gdp	NUM
easat-4440	170	6	+	+	CCONJ
easat-4440	170	7	ϵit	ϵit	NOUN
easat-4440	170	8	model3	model3	NOUN
easat-4440	170	9	:	:	PUNCT
easat-4440	170	10	epuit	epuit	NOUN
easat-4440	170	11	=	=	SYM
easat-4440	171	1	α0	α0	PROPN
easat-4440	171	2	+	+	NUM
easat-4440	171	3	α1psavit	α1psavit	NOUN
easat-4440	171	4	+	+	CCONJ
easat-4440	171	5	α2gdp	α2gdp	NUM
easat-4440	171	6	+	+	CCONJ
easat-4440	171	7	ϵit	ϵit	NOUN
easat-4440	171	8	model4	model4	NOUN
easat-4440	171	9	:	:	PUNCT
easat-4440	171	10	epuit	epuit	NOUN
easat-4440	171	11	=	=	SYM
easat-4440	172	1	α0	α0	PROPN
easat-4440	172	2	+	+	CCONJ
easat-4440	172	3	α1rqit	α1rqit	ADJ
easat-4440	172	4	+	+	CCONJ
easat-4440	172	5	α2gdp	α2gdp	NUM
easat-4440	172	6	+	+	CCONJ
easat-4440	172	7	ϵit	ϵit	NOUN
easat-4440	172	8	model5	model5	NOUN
easat-4440	172	9	:	:	PUNCT
easat-4440	172	10	epuit	epuit	NOUN
easat-4440	172	11	=	=	SYM
easat-4440	173	1	α0	α0	PROPN
easat-4440	173	2	+	+	CCONJ
easat-4440	173	3	α1rlit	α1rlit	VERB
easat-4440	173	4	+	+	CCONJ
easat-4440	173	5	α2gdp	α2gdp	NUM
easat-4440	173	6	+	+	CCONJ
easat-4440	173	7	ϵit	ϵit	NOUN
easat-4440	173	8	model6	model6	NOUN
easat-4440	173	9	:	:	PUNCT
easat-4440	173	10	epuit	epuit	NOUN
easat-4440	173	11	=	=	SYM
easat-4440	174	1	α0	α0	PROPN
easat-4440	174	2	+	+	CCONJ
easat-4440	174	3	α1vait	α1vait	ADJ
easat-4440	174	4	+	+	CCONJ
easat-4440	174	5	α2gdp	α2gdp	NUM
easat-4440	174	6	+	+	CCONJ
easat-4440	174	7	ϵit	ϵit	NOUN
easat-4440	174	8	4.2	4.2	NUM
easat-4440	174	9	.	.	PUNCT
easat-4440	175	1	empirical	empirical	ADJ
easat-4440	175	2	methodology	methodology	NOUN
easat-4440	175	3	the	the	DET
easat-4440	175	4	cadf	cadf	NOUN
easat-4440	175	5	(	(	PUNCT
easat-4440	175	6	cross	cross	ADJ
easat-4440	175	7	-	-	ADJ
easat-4440	175	8	sectional	sectional	ADJ
easat-4440	175	9	augmented	augment	VERB
easat-4440	175	10	dickey	dickey	NOUN
easat-4440	175	11	-	-	PUNCT
easat-4440	175	12	fuller	fuller	NOUN
easat-4440	175	13	)	)	PUNCT
easat-4440	175	14	unit	unit	NOUN
easat-4440	175	15	root	root	NOUN
easat-4440	175	16	test	test	NOUN
easat-4440	175	17	created	create	VERB
easat-4440	175	18	by	by	ADP
easat-4440	175	19	westerlund	westerlund	NOUN
easat-4440	175	20	[	[	X
easat-4440	175	21	31	31	NUM
easat-4440	175	22	]	]	PUNCT
easat-4440	175	23	was	be	AUX
easat-4440	175	24	utilized	utilize	VERB
easat-4440	175	25	for	for	ADP
easat-4440	175	26	stationarity	stationarity	NOUN
easat-4440	175	27	analysis	analysis	NOUN
easat-4440	175	28	in	in	ADP
easat-4440	175	29	that	that	DET
easat-4440	175	30	research	research	NOUN
easat-4440	175	31	,	,	PUNCT
easat-4440	175	32	which	which	PRON
easat-4440	175	33	examines	examine	VERB
easat-4440	175	34	the	the	DET
easat-4440	175	35	association	association	NOUN
easat-4440	175	36	between	between	ADP
easat-4440	175	37	epu	epu	NOUN
easat-4440	175	38	and	and	CCONJ
easat-4440	175	39	institutional	institutional	ADJ
easat-4440	175	40	factors	factor	NOUN
easat-4440	175	41	because	because	SCONJ
easat-4440	175	42	the	the	DET
easat-4440	175	43	variables	variable	NOUN
easat-4440	175	44	have	have	VERB
easat-4440	175	45	a	a	DET
easat-4440	175	46	cross	cross	ADJ
easat-4440	175	47	-	-	ADJ
easat-4440	175	48	sectional	sectional	ADJ
easat-4440	175	49	dependence	dependence	NOUN
easat-4440	175	50	.	.	PUNCT
easat-4440	176	1	the	the	DET
easat-4440	176	2	cointegration	cointegration	NOUN
easat-4440	176	3	interaction	interaction	NOUN
easat-4440	176	4	of	of	ADP
easat-4440	176	5	the	the	DET
easat-4440	176	6	factors	factor	NOUN
easat-4440	176	7	included	include	VERB
easat-4440	176	8	in	in	ADP
easat-4440	176	9	the	the	DET
easat-4440	176	10	models	model	NOUN
easat-4440	176	11	obtained	obtain	VERB
easat-4440	176	12	was	be	AUX
easat-4440	176	13	explained	explain	VERB
easat-4440	176	14	using	use	VERB
easat-4440	176	15	[	[	X
easat-4440	176	16	32	32	NUM
easat-4440	176	17	]	]	PUNCT
easat-4440	176	18	analysis	analysis	NOUN
easat-4440	176	19	.	.	PUNCT
easat-4440	177	1	the	the	DET
easat-4440	177	2	variables	variable	NOUN
easat-4440	177	3	'	'	PART
easat-4440	177	4	coefficients	coefficient	NOUN
easat-4440	177	5	were	be	AUX
easat-4440	177	6	then	then	ADV
easat-4440	177	7	estimated	estimate	VERB
easat-4440	177	8	using	use	VERB
easat-4440	177	9	autoregressive	autoregressive	ADJ
easat-4440	177	10	distributed	distribute	VERB
easat-4440	177	11	lag	lag	NOUN
easat-4440	177	12	(	(	PUNCT
easat-4440	177	13	ardl	ardl	NOUN
easat-4440	177	14	)	)	PUNCT
easat-4440	177	15	linear	linear	NOUN
easat-4440	177	16	analysis	analysis	NOUN
easat-4440	177	17	invented	invent	VERB
easat-4440	177	18	by	by	ADP
easat-4440	177	19	shin	shin	NOUN
easat-4440	177	20	,	,	PUNCT
easat-4440	177	21	et	et	PROPN
easat-4440	177	22	al	al	PROPN
easat-4440	177	23	.	.	PUNCT
easat-4440	178	1	[	[	X
easat-4440	178	2	33	33	NUM
easat-4440	178	3	]	]	PUNCT
easat-4440	178	4	and	and	CCONJ
easat-4440	178	5	ardl	ardl	NOUN
easat-4440	178	6	nonlinear	nonlinear	ADJ
easat-4440	178	7	analysis	analysis	NOUN
easat-4440	178	8	put	put	VERB
easat-4440	178	9	forward	forward	ADV
easat-4440	178	10	by	by	ADP
easat-4440	178	11	békés	békés	NOUN
easat-4440	178	12	,	,	PUNCT
easat-4440	178	13	et	et	PROPN
easat-4440	178	14	al	al	PROPN
easat-4440	178	15	.	.	PUNCT
easat-4440	179	1	[	[	X
easat-4440	179	2	34	34	NUM
easat-4440	179	3	]	]	PUNCT
easat-4440	179	4	.	.	PUNCT
easat-4440	180	1	4.2.1	4.2.1	NOUN
easat-4440	180	2	.	.	PUNCT
easat-4440	181	1	cross	cross	ADJ
easat-4440	181	2	-	-	ADJ
easat-4440	181	3	sectional	sectional	ADJ
easat-4440	181	4	dependency	dependency	NOUN
easat-4440	181	5	and	and	CCONJ
easat-4440	181	6	panel	panel	NOUN
easat-4440	181	7	unit	unit	NOUN
easat-4440	181	8	root	root	NOUN
easat-4440	181	9	test	test	NOUN
easat-4440	181	10	in	in	ADP
easat-4440	181	11	recent	recent	ADJ
easat-4440	181	12	years	year	NOUN
easat-4440	181	13	,	,	PUNCT
easat-4440	181	14	countries	country	NOUN
easat-4440	181	15	have	have	AUX
easat-4440	181	16	begun	begin	VERB
easat-4440	181	17	to	to	PART
easat-4440	181	18	act	act	VERB
easat-4440	181	19	together	together	ADV
easat-4440	181	20	in	in	ADP
easat-4440	181	21	the	the	DET
easat-4440	181	22	international	international	ADJ
easat-4440	181	23	market	market	NOUN
easat-4440	181	24	by	by	ADP
easat-4440	181	25	creating	create	VERB
easat-4440	181	26	international	international	ADJ
easat-4440	181	27	integrations	integration	NOUN
easat-4440	181	28	and	and	CCONJ
easat-4440	181	29	transforming	transform	VERB
easat-4440	181	30	into	into	ADP
easat-4440	181	31	multinational	multinational	ADJ
easat-4440	181	32	corporations	corporation	NOUN
easat-4440	181	33	[	[	X
easat-4440	181	34	35	35	NUM
easat-4440	181	35	]	]	PUNCT
easat-4440	181	36	.	.	PUNCT
easat-4440	182	1	therefore	therefore	ADV
easat-4440	182	2	,	,	PUNCT
easat-4440	182	3	economic	economic	ADJ
easat-4440	182	4	and	and	CCONJ
easat-4440	182	5	financial	financial	ADJ
easat-4440	182	6	integrations	integration	NOUN
easat-4440	182	7	between	between	ADP
easat-4440	182	8	countries	country	NOUN
easat-4440	182	9	and	and	CCONJ
easat-4440	182	10	financial	financial	ADJ
easat-4440	182	11	institutions	institution	NOUN
easat-4440	182	12	have	have	AUX
easat-4440	182	13	caused	cause	VERB
easat-4440	182	14	strong	strong	ADJ
easat-4440	182	15	dependencies	dependency	NOUN
easat-4440	182	16	between	between	ADP
easat-4440	182	17	cross	cross	ADJ
easat-4440	182	18	-	-	ADJ
easat-4440	182	19	sectional	sectional	ADJ
easat-4440	182	20	units	unit	NOUN
easat-4440	182	21	[	[	X
easat-4440	182	22	36	36	NUM
easat-4440	182	23	]	]	PUNCT
easat-4440	182	24	.	.	PUNCT
easat-4440	183	1	for	for	ADP
easat-4440	183	2	this	this	DET
easat-4440	183	3	reason	reason	NOUN
easat-4440	183	4	,	,	PUNCT
easat-4440	183	5	examining	examine	VERB
easat-4440	183	6	the	the	DET
easat-4440	183	7	cross	cross	ADJ
easat-4440	183	8	-	-	ADJ
easat-4440	183	9	sectional	sectional	ADJ
easat-4440	183	10	dependence	dependence	NOUN
easat-4440	183	11	of	of	ADP
easat-4440	183	12	the	the	DET
easat-4440	183	13	panel	panel	NOUN
easat-4440	183	14	data	datum	NOUN
easat-4440	183	15	before	before	ADP
easat-4440	183	16	proceeding	proceed	VERB
easat-4440	183	17	to	to	ADP
easat-4440	183	18	the	the	DET
easat-4440	183	19	stationarity	stationarity	NOUN
easat-4440	183	20	and	and	CCONJ
easat-4440	183	21	cointegration	cointegration	NOUN
easat-4440	183	22	analyses	analysis	NOUN
easat-4440	183	23	will	will	AUX
easat-4440	183	24	provide	provide	VERB
easat-4440	183	25	more	more	ADV
easat-4440	183	26	accurate	accurate	ADJ
easat-4440	183	27	results	result	NOUN
easat-4440	183	28	.	.	PUNCT
easat-4440	184	1	cross	cross	ADJ
easat-4440	184	2	-	-	ADJ
easat-4440	184	3	sectional	sectional	ADJ
easat-4440	184	4	dependency	dependency	NOUN
easat-4440	184	5	analysis	analysis	NOUN
easat-4440	184	6	employs	employ	VERB
easat-4440	184	7	the	the	DET
easat-4440	184	8	lm	lm	X
easat-4440	184	9	(	(	PUNCT
easat-4440	184	10	lagrange	lagrange	PROPN
easat-4440	184	11	multiplier	multiplier	NOUN
easat-4440	184	12	)	)	PUNCT
easat-4440	184	13	designed	design	VERB
easat-4440	184	14	by	by	ADP
easat-4440	184	15	pesaran	pesaran	NOUN
easat-4440	185	1	[	[	X
easat-4440	185	2	37	37	NUM
easat-4440	185	3	]	]	PUNCT
easat-4440	185	4	the	the	DET
easat-4440	185	5	cd	cd	PROPN
easat-4440	185	6	(	(	PUNCT
easat-4440	185	7	cross	cross	ADJ
easat-4440	185	8	-	-	ADJ
easat-4440	185	9	sectional	sectional	ADJ
easat-4440	185	10	dependence	dependence	NOUN
easat-4440	185	11	)	)	PUNCT
easat-4440	185	12	created	create	VERB
easat-4440	185	13	by	by	ADP
easat-4440	185	14	pesaran	pesaran	NOUN
easat-4440	185	15	,	,	PUNCT
easat-4440	185	16	et	et	PROPN
easat-4440	185	17	al	al	PROPN
easat-4440	185	18	.	.	PUNCT
easat-4440	186	1	[	[	X
easat-4440	186	2	38	38	NUM
easat-4440	186	3	]	]	PUNCT
easat-4440	186	4	and	and	CCONJ
easat-4440	186	5	the	the	DET
easat-4440	186	6	lmadj	lmadj	NOUN
easat-4440	186	7	(	(	PUNCT
easat-4440	186	8	adjusted	adjust	VERB
easat-4440	186	9	crosssectionally	crosssectionally	ADV
easat-4440	186	10	dependence	dependence	NOUN
easat-4440	186	11	lagrange	lagrange	NOUN
easat-4440	186	12	multiplier	multiplier	ADV
easat-4440	186	13	)	)	PUNCT
easat-4440	186	14	invented	invent	VERB
easat-4440	186	15	by	by	ADP
easat-4440	186	16	pesaran	pesaran	NOUN
easat-4440	186	17	and	and	CCONJ
easat-4440	186	18	yamagata	yamagata	ADJ
easat-4440	187	1	[	[	X
easat-4440	187	2	39	39	NUM
easat-4440	187	3	]	]	PUNCT
easat-4440	187	4	.	.	PUNCT
easat-4440	188	1	[	[	X
easat-4440	188	2	38	38	NUM
easat-4440	188	3	]	]	PUNCT
easat-4440	188	4	created	create	VERB
easat-4440	188	5	the	the	DET
easat-4440	188	6	lm	lm	ADJ
easat-4440	188	7	test	test	NOUN
easat-4440	188	8	which	which	PRON
easat-4440	188	9	is	be	AUX
easat-4440	188	10	an	an	DET
easat-4440	188	11	analysis	analysis	NOUN
easat-4440	188	12	technique	technique	NOUN
easat-4440	188	13	that	that	PRON
easat-4440	188	14	can	can	AUX
easat-4440	188	15	be	be	AUX
easat-4440	188	16	implemented	implement	VERB
easat-4440	188	17	during	during	ADP
easat-4440	188	18	the	the	DET
easat-4440	188	19	time	time	NOUN
easat-4440	188	20	dimension	dimension	NOUN
easat-4440	188	21	in	in	ADP
easat-4440	188	22	the	the	DET
easat-4440	188	23	series	series	NOUN
easat-4440	188	24	.	.	PUNCT
easat-4440	189	1	additionally	additionally	ADV
easat-4440	189	2	,	,	PUNCT
easat-4440	189	3	this	this	DET
easat-4440	189	4	test	test	NOUN
easat-4440	189	5	has	have	VERB
easat-4440	189	6	a	a	DET
easat-4440	189	7	higher	high	ADJ
easat-4440	189	8	value	value	NOUN
easat-4440	189	9	than	than	ADP
easat-4440	189	10	the	the	DET
easat-4440	189	11	cross	cross	ADJ
easat-4440	189	12	-	-	ADJ
easat-4440	189	13	section	section	ADJ
easat-4440	189	14	dimension	dimension	NOUN
easat-4440	189	15	(	(	PUNCT
easat-4440	189	16	t	t	PROPN
easat-4440	189	17	>	>	PUNCT
easat-4440	189	18	n	n	CCONJ
easat-4440	189	19	)	)	PUNCT
easat-4440	189	20	.	.	PUNCT
easat-4440	190	1	the	the	DET
easat-4440	190	2	regression	regression	NOUN
easat-4440	190	3	equation	equation	NOUN
easat-4440	190	4	of	of	ADP
easat-4440	190	5	the	the	DET
easat-4440	190	6	lm	lm	PROPN
easat-4440	190	7	test	test	NOUN
easat-4440	190	8	and	and	CCONJ
easat-4440	190	9	hypothesis	hypothesis	NOUN
easat-4440	190	10	tests	test	NOUN
easat-4440	190	11	are	be	AUX
easat-4440	190	12	expressed	express	VERB
easat-4440	190	13	as	as	SCONJ
easat-4440	190	14	followed	follow	VERB
easat-4440	190	15	;	;	PUNCT
easat-4440	190	16	150	150	NUM
easat-4440	190	17	edelweiss	edelweiss	PROPN
easat-4440	190	18	applied	apply	VERB
easat-4440	190	19	science	science	NOUN
easat-4440	190	20	and	and	CCONJ
easat-4440	190	21	technology	technology	NOUN
easat-4440	190	22	issn	issn	PROPN
easat-4440	190	23	:	:	PUNCT
easat-4440	190	24	2576	2576	NUM
easat-4440	190	25	-	-	SYM
easat-4440	190	26	8484	8484	NUM
easat-4440	190	27	vol	vol	NOUN
easat-4440	190	28	.	.	PROPN
easat-4440	191	1	9	9	NUM
easat-4440	191	2	,	,	PUNCT
easat-4440	191	3	no	no	INTJ
easat-4440	191	4	.	.	NOUN
easat-4440	192	1	2	2	NUM
easat-4440	192	2	:	:	SYM
easat-4440	192	3	144	144	NUM
easat-4440	192	4	-	-	SYM
easat-4440	192	5	159	159	NUM
easat-4440	192	6	,	,	PUNCT
easat-4440	192	7	2025	2025	NUM
easat-4440	192	8	doi	doi	NOUN
easat-4440	192	9	:	:	PUNCT
easat-4440	192	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	192	11	©	©	PROPN
easat-4440	192	12	2025	2025	NUM
easat-4440	192	13	by	by	ADP
easat-4440	192	14	the	the	DET
easat-4440	192	15	author	author	NOUN
easat-4440	192	16	;	;	PUNCT
easat-4440	193	1	licensee	licensee	PROPN
easat-4440	193	2	learning	learn	VERB
easat-4440	193	3	gate	gate	NOUN
easat-4440	193	4	𝐿𝑀	𝐿𝑀	PROPN
easat-4440	193	5	=	=	SYM
easat-4440	193	6	𝑇	𝑇	PROPN
easat-4440	193	7	∑	∑	PROPN
easat-4440	193	8	∑	∑	PART
easat-4440	193	9	�	�	PROPN
easat-4440	193	10	̂	̂	NOUN
easat-4440	193	11	�	�	NOUN
easat-4440	193	12	𝑖𝑗	𝑖𝑗	NOUN
easat-4440	193	13	2𝑁	2𝑁	ADJ
easat-4440	193	14	𝑗=𝑖+1	𝑗=𝑖+1	NOUN
easat-4440	193	15	∼	∼	NOUN
easat-4440	193	16	𝑋𝑁(𝑁−1)/2	𝑋𝑁(𝑁−1)/2	NOUN
easat-4440	193	17	2𝑁−1	2𝑁−1	NOUN
easat-4440	193	18	𝑖=𝑗	𝑖=𝑗	PROPN
easat-4440	193	19	(	(	PUNCT
easat-4440	193	20	1	1	NUM
easat-4440	193	21	)	)	PUNCT
easat-4440	193	22	𝐻0	𝐻0	PROPN
easat-4440	193	23	:	:	PUNCT
easat-4440	193	24	no	no	DET
easat-4440	193	25	cross	cross	ADJ
easat-4440	193	26	-	-	ADJ
easat-4440	193	27	section	section	ADJ
easat-4440	193	28	dependency	dependency	NOUN
easat-4440	193	29	(	(	PUNCT
easat-4440	193	30	𝐻0	𝐻0	PROPN
easat-4440	193	31	:	:	PUNCT
easat-4440	193	32	cov	cov	PROPN
easat-4440	193	33	(	(	PUNCT
easat-4440	193	34	𝑢𝑖𝑡	𝑢𝑖𝑡	VERB
easat-4440	193	35	,	,	PUNCT
easat-4440	193	36	𝑢𝑗𝑡	𝑢𝑗𝑡	ADJ
easat-4440	193	37	)	)	PUNCT
easat-4440	193	38	=	=	SYM
easat-4440	193	39	0	0	NUM
easat-4440	193	40	𝑓𝑜𝑟	𝑓𝑜𝑟	NOUN
easat-4440	193	41	𝑎𝑙𝑙	𝑎𝑙𝑙	X
easat-4440	193	42	𝑖	𝑖	X
easat-4440	193	43	𝑎𝑛𝑑	𝑎𝑛𝑑	PROPN
easat-4440	193	44	𝑡	𝑡	PROPN
easat-4440	193	45	,	,	PUNCT
easat-4440	193	46	𝑖	𝑖	SYM
easat-4440	193	47	=	=	PUNCT
easat-4440	193	48	𝑗	𝑗	PROPN
easat-4440	193	49	−	−	NOUN
easat-4440	193	50	)	)	PUNCT
easat-4440	193	51	𝐻1	𝐻1	NOUN
easat-4440	193	52	:	:	PUNCT
easat-4440	193	53	there	there	PRON
easat-4440	193	54	is	be	VERB
easat-4440	193	55	a	a	DET
easat-4440	193	56	cross	cross	ADJ
easat-4440	193	57	-	-	ADJ
easat-4440	193	58	section	section	ADJ
easat-4440	193	59	dependency	dependency	NOUN
easat-4440	193	60	(	(	PUNCT
easat-4440	193	61	𝐻1	𝐻1	PROPN
easat-4440	193	62	:	:	PUNCT
easat-4440	193	63	cov	cov	PROPN
easat-4440	193	64	(	(	PUNCT
easat-4440	193	65	𝑢𝑖𝑡	𝑢𝑖𝑡	VERB
easat-4440	193	66	,	,	PUNCT
easat-4440	193	67	𝑢𝑗𝑡	𝑢𝑗𝑡	ADJ
easat-4440	193	68	)	)	PUNCT
easat-4440	193	69	≠	≠	NOUN
easat-4440	193	70	𝑓𝑜𝑟	𝑓𝑜𝑟	ADV
easat-4440	193	71	𝑎𝑡	𝑎𝑡	PRON
easat-4440	193	72	𝑙𝑠𝑡	𝑙𝑠𝑡	PROPN
easat-4440	193	73	𝑜𝑛𝑒	𝑜𝑛𝑒	PROPN
easat-4440	193	74	𝑐𝑜𝑢𝑝𝑙𝑒	𝑐𝑜𝑢𝑝𝑙𝑒	PROPN
easat-4440	193	75	,	,	PUNCT
easat-4440	193	76	𝑖	𝑖	SYM
easat-4440	193	77	≠	≠	PROPN
easat-4440	193	78	𝑗	𝑗	PRON
easat-4440	193	79	−	−	NOUN
easat-4440	193	80	)	)	PUNCT
easat-4440	193	81	in	in	ADP
easat-4440	193	82	equation	equation	NOUN
easat-4440	193	83	(	(	PUNCT
easat-4440	193	84	1	1	NUM
easat-4440	193	85	)	)	PUNCT
easat-4440	193	86	,	,	PUNCT
easat-4440	193	87	𝜌𝑖𝑗	𝜌𝑖𝑗	PROPN
easat-4440	193	88	demonstrates	demonstrate	VERB
easat-4440	193	89	the	the	DET
easat-4440	193	90	correlation	correlation	NOUN
easat-4440	193	91	coefficients	coefficient	NOUN
easat-4440	193	92	derived	derive	VERB
easat-4440	193	93	via	via	ADP
easat-4440	193	94	the	the	DET
easat-4440	193	95	model	model	NOUN
easat-4440	193	96	's	's	PART
easat-4440	193	97	error	error	NOUN
easat-4440	193	98	terms	term	NOUN
easat-4440	193	99	.	.	PUNCT
easat-4440	194	1	the	the	DET
easat-4440	194	2	asymptotic	asymptotic	ADJ
easat-4440	194	3	distribution	distribution	NOUN
easat-4440	194	4	of	of	ADP
easat-4440	194	5	𝑥2	𝑥2	NOUN
easat-4440	194	6	is	be	AUX
easat-4440	194	7	obtained	obtain	VERB
easat-4440	194	8	from	from	ADP
easat-4440	194	9	n	n	PROPN
easat-4440	194	10	for	for	ADP
easat-4440	194	11	all	all	PRON
easat-4440	194	12	(	(	PUNCT
easat-4440	194	13	i	i	PROPN
easat-4440	194	14	,	,	PUNCT
easat-4440	194	15	j	j	PROPN
easat-4440	194	16	)	)	PUNCT
easat-4440	194	17	while	while	SCONJ
easat-4440	194	18	𝑇(𝑖,𝑗	𝑇(𝑖,𝑗	NOUN
easat-4440	194	19	)	)	PUNCT
easat-4440	194	20	→	→	SYM
easat-4440	194	21	∞.	∞.	PROPN
easat-4440	194	22	either	either	ADV
easat-4440	194	23	when	when	SCONJ
easat-4440	194	24	the	the	DET
easat-4440	194	25	cross	cross	ADJ
easat-4440	194	26	-	-	ADJ
easat-4440	194	27	section	section	ADJ
easat-4440	194	28	dimension	dimension	NOUN
easat-4440	194	29	is	be	AUX
easat-4440	194	30	larger	large	ADJ
easat-4440	194	31	than	than	ADP
easat-4440	194	32	the	the	DET
easat-4440	194	33	time	time	NOUN
easat-4440	194	34	dimension	dimension	NOUN
easat-4440	194	35	(	(	PUNCT
easat-4440	194	36	n	n	CCONJ
easat-4440	194	37	>	>	X
easat-4440	194	38	t	t	PROPN
easat-4440	194	39	)	)	PUNCT
easat-4440	194	40	as	as	ADV
easat-4440	194	41	well	well	ADV
easat-4440	194	42	as	as	ADP
easat-4440	194	43	when	when	SCONJ
easat-4440	194	44	the	the	DET
easat-4440	194	45	cross	cross	ADJ
easat-4440	194	46	-	-	ADJ
easat-4440	194	47	section	section	ADJ
easat-4440	194	48	dimension	dimension	NOUN
easat-4440	194	49	is	be	AUX
easat-4440	194	50	higher	high	ADJ
easat-4440	194	51	than	than	ADP
easat-4440	194	52	the	the	DET
easat-4440	194	53	time	time	NOUN
easat-4440	194	54	dimension	dimension	NOUN
easat-4440	194	55	(	(	PUNCT
easat-4440	194	56	t	t	PROPN
easat-4440	194	57	>	>	PUNCT
easat-4440	194	58	n	n	CCONJ
easat-4440	194	59	)	)	PUNCT
easat-4440	194	60	,	,	PUNCT
easat-4440	194	61	the	the	DET
easat-4440	194	62	cdlm	cdlm	NOUN
easat-4440	194	63	(	(	PUNCT
easat-4440	194	64	cross	cross	VERB
easat-4440	194	65	sectionally	sectionally	ADV
easat-4440	194	66	dependency	dependency	NOUN
easat-4440	194	67	lagrange	lagrange	NOUN
easat-4440	194	68	multiplier	multiplier	NOUN
easat-4440	194	69	)	)	PUNCT
easat-4440	194	70	test	test	NOUN
easat-4440	194	71	devised	devise	VERB
easat-4440	194	72	by	by	ADP
easat-4440	194	73	pesaran	pesaran	NOUN
easat-4440	194	74	,	,	PUNCT
easat-4440	194	75	et	et	PROPN
easat-4440	194	76	al	al	PROPN
easat-4440	194	77	.	.	PUNCT
easat-4440	195	1	[	[	X
easat-4440	195	2	38	38	NUM
easat-4440	195	3	]	]	PUNCT
easat-4440	195	4	may	may	AUX
easat-4440	195	5	be	be	AUX
easat-4440	195	6	deployed	deploy	VERB
easat-4440	195	7	.	.	PUNCT
easat-4440	196	1	the	the	DET
easat-4440	196	2	regression	regression	NOUN
easat-4440	196	3	equation	equation	NOUN
easat-4440	196	4	of	of	ADP
easat-4440	196	5	the	the	DET
easat-4440	196	6	cdlm	cdlm	NOUN
easat-4440	196	7	method	method	NOUN
easat-4440	196	8	and	and	CCONJ
easat-4440	196	9	the	the	DET
easat-4440	196	10	hypothesis	hypothesis	NOUN
easat-4440	196	11	tests	test	NOUN
easat-4440	196	12	are	be	AUX
easat-4440	196	13	expressed	express	VERB
easat-4440	196	14	as	as	SCONJ
easat-4440	196	15	follows	follow	VERB
easat-4440	196	16	.	.	PUNCT
easat-4440	197	1	𝐶𝐷𝐿𝑀	𝐶𝐷𝐿𝑀	VERB
easat-4440	197	2	=	=	PUNCT
easat-4440	197	3	√	√	NOUN
easat-4440	197	4	2𝑇	2𝑇	NOUN
easat-4440	197	5	𝑁(𝑁−1	𝑁(𝑁−1	X
easat-4440	197	6	)	)	PUNCT
easat-4440	197	7	{	{	PUNCT
easat-4440	197	8	∑	∑	PROPN
easat-4440	197	9	∑	∑	PUNCT
easat-4440	197	10	𝜌𝑖𝑗	𝜌𝑖𝑗	ADJ
easat-4440	197	11	𝑁	𝑁	PROPN
easat-4440	197	12	𝑗=𝑖+1	𝑗=𝑖+1	PROPN
easat-4440	197	13	𝑁−1	𝑁−1	NOUN
easat-4440	197	14	𝑖=1	𝑖=1	PUNCT
easat-4440	197	15	}	}	PUNCT
easat-4440	197	16	(	(	PUNCT
easat-4440	197	17	2	2	X
easat-4440	197	18	)	)	PUNCT
easat-4440	197	19	𝐻0	𝐻0	PROPN
easat-4440	197	20	:	:	PUNCT
easat-4440	197	21	no	no	DET
easat-4440	197	22	cross	cross	ADJ
easat-4440	197	23	-	-	ADJ
easat-4440	197	24	section	section	ADJ
easat-4440	197	25	dependency	dependency	NOUN
easat-4440	197	26	(	(	PUNCT
easat-4440	197	27	𝐻0	𝐻0	PROPN
easat-4440	197	28	:	:	PUNCT
easat-4440	197	29	cov	cov	PROPN
easat-4440	197	30	(	(	PUNCT
easat-4440	197	31	𝑢𝑖𝑡	𝑢𝑖𝑡	VERB
easat-4440	197	32	,	,	PUNCT
easat-4440	197	33	𝑢𝑗𝑡	𝑢𝑗𝑡	ADJ
easat-4440	197	34	)	)	PUNCT
easat-4440	197	35	=	=	SYM
easat-4440	197	36	0	0	NUM
easat-4440	197	37	𝑓𝑜𝑟	𝑓𝑜𝑟	NOUN
easat-4440	197	38	𝑎𝑙𝑙	𝑎𝑙𝑙	X
easat-4440	197	39	𝑖	𝑖	X
easat-4440	197	40	𝑎𝑛𝑑	𝑎𝑛𝑑	PROPN
easat-4440	197	41	𝑡	𝑡	PROPN
easat-4440	197	42	,	,	PUNCT
easat-4440	197	43	𝑖	𝑖	SYM
easat-4440	197	44	=	=	PUNCT
easat-4440	197	45	𝑗	𝑗	PROPN
easat-4440	197	46	−	−	NOUN
easat-4440	197	47	)	)	PUNCT
easat-4440	197	48	𝐻1	𝐻1	NOUN
easat-4440	197	49	:	:	PUNCT
easat-4440	197	50	a	a	DET
easat-4440	197	51	cross	cross	ADJ
easat-4440	197	52	-	-	ADJ
easat-4440	197	53	sectional	sectional	ADJ
easat-4440	197	54	dependency	dependency	NOUN
easat-4440	197	55	is	be	AUX
easat-4440	197	56	present	present	ADJ
easat-4440	197	57	.	.	PUNCT
easat-4440	198	1	(	(	PUNCT
easat-4440	198	2	𝐻1	𝐻1	PROPN
easat-4440	198	3	:	:	PUNCT
easat-4440	198	4	cov	cov	PROPN
easat-4440	198	5	(	(	PUNCT
easat-4440	198	6	𝑢𝑖𝑡	𝑢𝑖𝑡	VERB
easat-4440	198	7	,	,	PUNCT
easat-4440	198	8	𝑢𝑗𝑡	𝑢𝑗𝑡	ADJ
easat-4440	198	9	)	)	PUNCT
easat-4440	198	10	≠	≠	NOUN
easat-4440	198	11	𝑓𝑜𝑟	𝑓𝑜𝑟	ADV
easat-4440	198	12	𝑎𝑡	𝑎𝑡	DET
easat-4440	198	13	𝑙𝑒𝑎𝑠𝑡	𝑙𝑒𝑎𝑠𝑡	PROPN
easat-4440	198	14	𝑜𝑛𝑒	𝑜𝑛𝑒	PROPN
easat-4440	198	15	𝑐𝑜𝑢𝑝𝑙𝑒	𝑐𝑜𝑢𝑝𝑙𝑒	PROPN
easat-4440	198	16	,	,	PUNCT
easat-4440	198	17	𝑖	𝑖	SYM
easat-4440	198	18	≠	≠	PROPN
easat-4440	198	19	𝑗	𝑗	PRON
easat-4440	198	20	−	−	NOUN
easat-4440	198	21	)	)	PUNCT
easat-4440	198	22	lmadj	lmadj	NOUN
easat-4440	198	23	test	test	NOUN
easat-4440	198	24	is	be	AUX
easat-4440	198	25	a	a	DET
easat-4440	198	26	bias	bias	NOUN
easat-4440	198	27	-	-	PUNCT
easat-4440	198	28	adjusted	adjust	VERB
easat-4440	198	29	version	version	NOUN
easat-4440	198	30	of	of	ADP
easat-4440	198	31	the	the	DET
easat-4440	198	32	lm	lm	PROPN
easat-4440	198	33	test	test	NOUN
easat-4440	198	34	statistic	statistic	NOUN
easat-4440	198	35	of	of	ADP
easat-4440	198	36	error	error	NOUN
easat-4440	198	37	cross	cross	ADJ
easat-4440	198	38	-	-	ADJ
easat-4440	198	39	section	section	ADJ
easat-4440	198	40	independence	independence	NOUN
easat-4440	198	41	when	when	SCONJ
easat-4440	198	42	panel	panel	NOUN
easat-4440	198	43	models	model	NOUN
easat-4440	198	44	have	have	VERB
easat-4440	198	45	strictly	strictly	ADV
easat-4440	198	46	exogenous	exogenous	ADJ
easat-4440	198	47	regressors	regressor	NOUN
easat-4440	198	48	and	and	CCONJ
easat-4440	198	49	normal	normal	ADJ
easat-4440	198	50	errors	error	NOUN
easat-4440	198	51	[	[	X
easat-4440	198	52	40	40	NUM
easat-4440	198	53	]	]	PUNCT
easat-4440	198	54	.	.	PUNCT
easat-4440	199	1	the	the	DET
easat-4440	199	2	regression	regression	NOUN
easat-4440	199	3	equation	equation	NOUN
easat-4440	199	4	of	of	ADP
easat-4440	199	5	the	the	DET
easat-4440	199	6	lmadj	lmadj	NOUN
easat-4440	199	7	test	test	NOUN
easat-4440	199	8	is	be	AUX
easat-4440	199	9	shown	show	VERB
easat-4440	199	10	in	in	ADP
easat-4440	199	11	equation	equation	NOUN
easat-4440	199	12	3	3	NUM
easat-4440	199	13	.	.	PUNCT
easat-4440	199	14	𝐿𝑀𝑎𝑑𝑗	𝐿𝑀𝑎𝑑𝑗	PROPN
easat-4440	200	1	=	=	PUNCT
easat-4440	200	2	√	√	ADV
easat-4440	200	3	2	2	NUM
easat-4440	200	4	𝑁(𝑁−1	𝑁(𝑁−1	NOUN
easat-4440	200	5	)	)	PUNCT
easat-4440	200	6	∑	∑	PUNCT
easat-4440	200	7	∑	∑	PROPN
easat-4440	200	8	(	(	PUNCT
easat-4440	200	9	𝑇	𝑇	PROPN
easat-4440	200	10	�	�	PROPN
easat-4440	200	11	̂	̂	VERB
easat-4440	200	12	�	�	NOUN
easat-4440	200	13	𝑖𝑗	𝑖𝑗	NOUN
easat-4440	200	14	2𝑁	2𝑁	ADJ
easat-4440	200	15	𝑗=𝑖+1	𝑗=𝑖+1	PROPN
easat-4440	200	16	𝑁−1	𝑁−1	NOUN
easat-4440	200	17	𝑖=1	𝑖=1	PROPN
easat-4440	200	18	(	(	PUNCT
easat-4440	200	19	𝑇−𝑘)	𝑇−𝑘)	X
easat-4440	200	20	�	�	PROPN
easat-4440	200	21	̂	̂	NOUN
easat-4440	200	22	�	�	NOUN
easat-4440	200	23	𝑖𝑗	𝑖𝑗	ADP
easat-4440	200	24	2	2	NUM
easat-4440	200	25	−𝜇𝑇𝑖𝑗	−𝜇𝑇𝑖𝑗	NOUN
easat-4440	200	26	𝜗𝑇𝑖𝑗	𝜗𝑇𝑖𝑗	PROPN
easat-4440	200	27	(	(	PUNCT
easat-4440	200	28	3	3	NUM
easat-4440	200	29	)	)	PUNCT
easat-4440	200	30	k=	k=	PRON
easat-4440	201	1	regressors	regressor	NOUN
easat-4440	201	2	number	number	NOUN
easat-4440	201	3	,	,	PUNCT
easat-4440	201	4	𝜇𝑇𝑖𝑗=average	𝜇𝑇𝑖𝑗=average	NOUN
easat-4440	201	5	𝜗𝑇𝑖𝑗=variance	𝜗𝑇𝑖𝑗=variance	NOUN
easat-4440	201	6	.	.	PUNCT
easat-4440	202	1	𝐻0	𝐻0	PROPN
easat-4440	202	2	:	:	PUNCT
easat-4440	202	3	no	no	DET
easat-4440	202	4	cross	cross	ADJ
easat-4440	202	5	-	-	ADJ
easat-4440	202	6	section	section	ADJ
easat-4440	202	7	dependency	dependency	NOUN
easat-4440	202	8	(	(	PUNCT
easat-4440	202	9	𝐻0	𝐻0	PROPN
easat-4440	202	10	:	:	PUNCT
easat-4440	202	11	cov	cov	PROPN
easat-4440	202	12	(	(	PUNCT
easat-4440	202	13	𝑢𝑖𝑡	𝑢𝑖𝑡	VERB
easat-4440	202	14	,	,	PUNCT
easat-4440	202	15	𝑢𝑗𝑡	𝑢𝑗𝑡	ADJ
easat-4440	202	16	)	)	PUNCT
easat-4440	202	17	=	=	SYM
easat-4440	202	18	0	0	NUM
easat-4440	202	19	𝑓𝑜𝑟	𝑓𝑜𝑟	NOUN
easat-4440	202	20	𝑎𝑙𝑙	𝑎𝑙𝑙	X
easat-4440	202	21	𝑖	𝑖	X
easat-4440	202	22	𝑎𝑛𝑑	𝑎𝑛𝑑	PROPN
easat-4440	202	23	𝑡	𝑡	PROPN
easat-4440	202	24	,	,	PUNCT
easat-4440	202	25	𝑖	𝑖	SYM
easat-4440	202	26	=	=	PUNCT
easat-4440	202	27	𝑗	𝑗	PROPN
easat-4440	202	28	−	−	NOUN
easat-4440	202	29	)	)	PUNCT
easat-4440	202	30	𝐻1	𝐻1	NOUN
easat-4440	202	31	:	:	PUNCT
easat-4440	202	32	there	there	PRON
easat-4440	202	33	is	be	VERB
easat-4440	202	34	a	a	DET
easat-4440	202	35	cross	cross	ADJ
easat-4440	202	36	-	-	ADJ
easat-4440	202	37	section	section	ADJ
easat-4440	202	38	dependency	dependency	NOUN
easat-4440	202	39	(	(	PUNCT
easat-4440	202	40	𝐻1	𝐻1	PROPN
easat-4440	202	41	:	:	PUNCT
easat-4440	202	42	cov	cov	PROPN
easat-4440	202	43	(	(	PUNCT
easat-4440	202	44	𝑢𝑖𝑡	𝑢𝑖𝑡	VERB
easat-4440	202	45	,	,	PUNCT
easat-4440	202	46	𝑢𝑗𝑡	𝑢𝑗𝑡	ADJ
easat-4440	202	47	)	)	PUNCT
easat-4440	202	48	≠	≠	NOUN
easat-4440	202	49	𝑓𝑜𝑟	𝑓𝑜𝑟	ADV
easat-4440	202	50	𝑎𝑡	𝑎𝑡	DET
easat-4440	202	51	𝑙𝑒𝑎𝑠𝑡	𝑙𝑒𝑎𝑠𝑡	PROPN
easat-4440	202	52	𝑜𝑛𝑒	𝑜𝑛𝑒	PROPN
easat-4440	202	53	𝑐𝑜𝑢𝑝𝑙𝑒	𝑐𝑜𝑢𝑝𝑙𝑒	PROPN
easat-4440	202	54	,	,	PUNCT
easat-4440	202	55	𝑖	𝑖	SYM
easat-4440	202	56	≠	≠	PROPN
easat-4440	202	57	𝑗	𝑗	PRON
easat-4440	202	58	−	−	NOUN
easat-4440	202	59	)	)	PUNCT
easat-4440	202	60	following	follow	VERB
easat-4440	202	61	the	the	DET
easat-4440	202	62	cross	cross	ADJ
easat-4440	202	63	-	-	ADJ
easat-4440	202	64	section	section	ADJ
easat-4440	202	65	analysis	analysis	NOUN
easat-4440	202	66	,	,	PUNCT
easat-4440	202	67	the	the	DET
easat-4440	202	68	homogeneity	homogeneity	NOUN
easat-4440	202	69	test	test	NOUN
easat-4440	202	70	for	for	ADP
easat-4440	202	71	the	the	DET
easat-4440	202	72	variables	variable	NOUN
easat-4440	202	73	and	and	CCONJ
easat-4440	202	74	the	the	DET
easat-4440	202	75	models	model	NOUN
easat-4440	202	76	was	be	AUX
easat-4440	202	77	performed	perform	VERB
easat-4440	202	78	.	.	PUNCT
easat-4440	203	1	the	the	DET
easat-4440	203	2	homogeneity	homogeneity	NOUN
easat-4440	203	3	test	test	NOUN
easat-4440	203	4	developed	develop	VERB
easat-4440	203	5	by	by	ADP
easat-4440	203	6	swamy	swamy	NOUN
easat-4440	203	7	[	[	X
easat-4440	203	8	40	40	NUM
easat-4440	203	9	]	]	PUNCT
easat-4440	203	10	is	be	AUX
easat-4440	203	11	an	an	DET
easat-4440	203	12	analysis	analysis	NOUN
easat-4440	203	13	method	method	NOUN
easat-4440	203	14	developed	develop	VERB
easat-4440	203	15	as	as	ADP
easat-4440	203	16	an	an	DET
easat-4440	203	17	alternative	alternative	NOUN
easat-4440	203	18	to	to	ADP
easat-4440	203	19	the	the	DET
easat-4440	203	20	pesaran	pesaran	NOUN
easat-4440	203	21	,	,	PUNCT
easat-4440	203	22	et	et	PROPN
easat-4440	203	23	al	al	PROPN
easat-4440	203	24	.	.	PUNCT
easat-4440	204	1	[	[	X
easat-4440	204	2	41	41	NUM
easat-4440	204	3	]	]	PUNCT
easat-4440	204	4	test	test	NOUN
easat-4440	204	5	,	,	PUNCT
easat-4440	204	6	which	which	PRON
easat-4440	204	7	can	can	AUX
easat-4440	204	8	also	also	ADV
easat-4440	204	9	be	be	AUX
easat-4440	204	10	applied	apply	VERB
easat-4440	204	11	to	to	ADP
easat-4440	204	12	large	large	ADJ
easat-4440	204	13	panel	panel	NOUN
easat-4440	204	14	data	datum	NOUN
easat-4440	204	15	and	and	CCONJ
easat-4440	204	16	in	in	ADP
easat-4440	204	17	situations	situation	NOUN
easat-4440	204	18	when	when	SCONJ
easat-4440	204	19	the	the	DET
easat-4440	204	20	error	error	NOUN
easat-4440	204	21	term	term	NOUN
easat-4440	204	22	is	be	AUX
easat-4440	204	23	normally	normally	ADV
easat-4440	204	24	distributed	distribute	VERB
easat-4440	204	25	.	.	PUNCT
easat-4440	205	1	with	with	ADP
easat-4440	205	2	the	the	DET
easat-4440	205	3	homogeneity	homogeneity	NOUN
easat-4440	205	4	test	test	NOUN
easat-4440	205	5	,	,	PUNCT
easat-4440	205	6	it	it	PRON
easat-4440	205	7	can	can	AUX
easat-4440	205	8	be	be	AUX
easat-4440	205	9	determined	determine	VERB
easat-4440	205	10	whether	whether	SCONJ
easat-4440	205	11	the	the	DET
easat-4440	205	12	slope	slope	NOUN
easat-4440	205	13	coefficient	coefficient	NOUN
easat-4440	205	14	is	be	AUX
easat-4440	205	15	heterogeneous	heterogeneous	ADJ
easat-4440	205	16	or	or	CCONJ
easat-4440	205	17	homogeneous	homogeneous	ADJ
easat-4440	205	18	.	.	PUNCT
easat-4440	206	1	in	in	ADP
easat-4440	206	2	this	this	DET
easat-4440	206	3	way	way	NOUN
easat-4440	206	4	,	,	PUNCT
easat-4440	206	5	homogeneity	homogeneity	NOUN
easat-4440	206	6	testing	testing	NOUN
easat-4440	206	7	can	can	AUX
easat-4440	206	8	help	help	VERB
easat-4440	206	9	to	to	PART
easat-4440	206	10	achieve	achieve	VERB
easat-4440	206	11	more	more	ADV
easat-4440	206	12	accurate	accurate	ADJ
easat-4440	206	13	results	result	NOUN
easat-4440	206	14	in	in	ADP
easat-4440	206	15	the	the	DET
easat-4440	206	16	next	next	ADJ
easat-4440	206	17	stages	stage	NOUN
easat-4440	206	18	of	of	ADP
easat-4440	206	19	empirical	empirical	ADJ
easat-4440	206	20	application	application	NOUN
easat-4440	206	21	.	.	PUNCT
easat-4440	207	1	the	the	DET
easat-4440	207	2	regression	regression	NOUN
easat-4440	207	3	equations	equation	NOUN
easat-4440	207	4	of	of	ADP
easat-4440	207	5	the	the	DET
easat-4440	207	6	large	large	ADJ
easat-4440	207	7	sample	sample	NOUN
easat-4440	207	8	and	and	CCONJ
easat-4440	207	9	small	small	ADJ
easat-4440	207	10	sample	sample	NOUN
easat-4440	207	11	belonging	belong	VERB
easat-4440	207	12	to	to	ADP
easat-4440	207	13	the	the	DET
easat-4440	207	14	test	test	NOUN
easat-4440	207	15	laid	lay	VERB
easat-4440	207	16	out	out	ADP
easat-4440	207	17	by	by	ADP
easat-4440	207	18	swamy	swamy	NOUN
easat-4440	207	19	[	[	X
easat-4440	207	20	40	40	NUM
easat-4440	207	21	]	]	PUNCT
easat-4440	207	22	are	be	AUX
easat-4440	207	23	expressed	express	VERB
easat-4440	207	24	as	as	SCONJ
easat-4440	207	25	follows	follow	VERB
easat-4440	207	26	:	:	PUNCT
easat-4440	207	27	for	for	ADP
easat-4440	207	28	large	large	ADJ
easat-4440	207	29	sample	sample	NOUN
easat-4440	207	30	,	,	PUNCT
easat-4440	207	31	�	�	PROPN
easat-4440	207	32	̃	̃	PROPN
easat-4440	207	33	�	�	PROPN
easat-4440	207	34	=	=	SYM
easat-4440	207	35	√𝑁	√𝑁	PROPN
easat-4440	207	36	(	(	PUNCT
easat-4440	207	37	𝑁−1	𝑁−1	PROPN
easat-4440	207	38	�	�	PROPN
easat-4440	207	39	̃	̃	PROPN
easat-4440	207	40	�	�	NOUN
easat-4440	207	41	−𝑘	−𝑘	VERB
easat-4440	207	42	√2𝑘	√2𝑘	NUM
easat-4440	207	43	)	)	PUNCT
easat-4440	207	44	(	(	PUNCT
easat-4440	207	45	4	4	X
easat-4440	207	46	)	)	PUNCT
easat-4440	207	47	for	for	ADP
easat-4440	207	48	small	small	ADJ
easat-4440	207	49	sample	sample	NOUN
easat-4440	207	50	,	,	PUNCT
easat-4440	207	51	�	�	PROPN
easat-4440	207	52	̃	̃	PROPN
easat-4440	207	53	�	�	PROPN
easat-4440	207	54	𝑎𝑑𝑗	𝑎𝑑𝑗	NOUN
easat-4440	207	55	=	=	SYM
easat-4440	207	56	√𝑁	√𝑁	NOUN
easat-4440	207	57	(	(	PUNCT
easat-4440	207	58	𝑁−1	𝑁−1	PROPN
easat-4440	207	59	�	�	PROPN
easat-4440	207	60	̃	̃	PROPN
easat-4440	207	61	�	�	PROPN
easat-4440	207	62	−𝐸(	−𝐸(	SYM
easat-4440	207	63	�	�	PROPN
easat-4440	207	64	̃	̃	PROPN
easat-4440	207	65	�	�	NOUN
easat-4440	207	66	𝑖𝑇	𝑖𝑇	NOUN
easat-4440	207	67	)	)	PUNCT
easat-4440	207	68	√𝑉𝑎𝑟(	√𝑉𝑎𝑟(	PROPN
easat-4440	207	69	�	�	PROPN
easat-4440	207	70	̃	̃	PROPN
easat-4440	207	71	�	�	NOUN
easat-4440	207	72	𝑖𝑇	𝑖𝑇	NOUN
easat-4440	207	73	)	)	PUNCT
easat-4440	207	74	)	)	PUNCT
easat-4440	208	1	(	(	PUNCT
easat-4440	208	2	5	5	X
easat-4440	208	3	)	)	PUNCT
easat-4440	208	4	n	n	CCONJ
easat-4440	208	5	:	:	PUNCT
easat-4440	208	6	number	number	NOUN
easat-4440	208	7	of	of	ADP
easat-4440	208	8	horizontal	horizontal	ADJ
easat-4440	208	9	sections	section	NOUN
easat-4440	208	10	s	s	PART
easat-4440	208	11	:	:	PUNCT
easat-4440	208	12	swamy	swamy	ADJ
easat-4440	208	13	test	test	NOUN
easat-4440	208	14	statistic	statistic	NOUN
easat-4440	208	15	k	k	NOUN
easat-4440	208	16	:	:	PUNCT
easat-4440	208	17	number	number	NOUN
easat-4440	208	18	of	of	ADP
easat-4440	208	19	explanatory	explanatory	ADJ
easat-4440	208	20	variables	variable	NOUN
easat-4440	208	21	𝐻0	𝐻0	PROPN
easat-4440	208	22	:	:	PUNCT
easat-4440	208	23	slope	slope	NOUN
easat-4440	208	24	coefficients	coefficient	NOUN
easat-4440	208	25	are	be	AUX
easat-4440	208	26	homogenous	homogenous	ADJ
easat-4440	208	27	(	(	PUNCT
easat-4440	208	28	𝛽𝑖	𝛽𝑖	VERB
easat-4440	208	29	=	=	SYM
easat-4440	208	30	𝛽	𝛽	NOUN
easat-4440	208	31	)	)	PUNCT
easat-4440	208	32	𝐻1	𝐻1	NOUN
easat-4440	208	33	:	:	PUNCT
easat-4440	208	34	slope	slope	NOUN
easat-4440	208	35	coefficients	coefficient	NOUN
easat-4440	208	36	are	be	AUX
easat-4440	208	37	heterogeneous	heterogeneous	ADJ
easat-4440	208	38	(	(	PUNCT
easat-4440	208	39	𝛽𝑖	𝛽𝑖	CCONJ
easat-4440	208	40	≠	≠	PROPN
easat-4440	208	41	𝛽	𝛽	PROPN
easat-4440	208	42	)	)	PUNCT
easat-4440	208	43	table	table	NOUN
easat-4440	208	44	2	2	NUM
easat-4440	208	45	reflects	reflect	VERB
easat-4440	208	46	the	the	DET
easat-4440	208	47	findings	finding	NOUN
easat-4440	208	48	of	of	ADP
easat-4440	208	49	both	both	CCONJ
easat-4440	208	50	the	the	DET
easat-4440	208	51	cross	cross	ADJ
easat-4440	208	52	-	-	ADJ
easat-4440	208	53	sectional	sectional	ADJ
easat-4440	208	54	dependence	dependence	NOUN
easat-4440	208	55	and	and	CCONJ
easat-4440	208	56	homogeneity	homogeneity	NOUN
easat-4440	208	57	examinations	examination	NOUN
easat-4440	208	58	.	.	PUNCT
easat-4440	209	1	based	base	VERB
easat-4440	209	2	on	on	ADP
easat-4440	209	3	the	the	DET
easat-4440	209	4	cross	cross	ADJ
easat-4440	209	5	-	-	ADJ
easat-4440	209	6	sectional	sectional	ADJ
easat-4440	209	7	dependence	dependence	NOUN
easat-4440	209	8	analysis	analysis	NOUN
easat-4440	209	9	's	's	PART
easat-4440	209	10	findings	finding	NOUN
easat-4440	209	11	in	in	ADP
easat-4440	209	12	table	table	NOUN
easat-4440	209	13	2	2	NUM
easat-4440	209	14	,	,	PUNCT
easat-4440	209	15	which	which	PRON
easat-4440	209	16	states	state	VERB
easat-4440	209	17	that	that	SCONJ
easat-4440	209	18	there	there	PRON
easat-4440	209	19	is	be	VERB
easat-4440	209	20	no	no	DET
easat-4440	209	21	cross	cross	ADJ
easat-4440	209	22	-	-	ADJ
easat-4440	209	23	sectional	sectional	ADJ
easat-4440	209	24	dependence	dependence	NOUN
easat-4440	209	25	between	between	ADP
easat-4440	209	26	the	the	DET
easat-4440	209	27	series	series	NOUN
easat-4440	209	28	,	,	PUNCT
easat-4440	209	29	the	the	DET
easat-4440	209	30	h0	h0	ADJ
easat-4440	209	31	hypothesis	hypothesis	NOUN
easat-4440	209	32	is	be	AUX
easat-4440	209	33	disproved	disprove	VERB
easat-4440	209	34	.	.	PUNCT
easat-4440	210	1	for	for	ADP
easat-4440	210	2	this	this	DET
easat-4440	210	3	reason	reason	NOUN
easat-4440	210	4	,	,	PUNCT
easat-4440	210	5	it	it	PRON
easat-4440	210	6	was	be	AUX
easat-4440	210	7	decided	decide	VERB
easat-4440	210	8	that	that	SCONJ
easat-4440	210	9	there	there	PRON
easat-4440	210	10	is	be	VERB
easat-4440	210	11	a	a	DET
easat-4440	210	12	cross	cross	ADJ
easat-4440	210	13	-	-	ADJ
easat-4440	210	14	section	section	ADJ
easat-4440	210	15	dependency	dependency	NOUN
easat-4440	210	16	in	in	ADP
easat-4440	210	17	the	the	DET
easat-4440	210	18	models	model	NOUN
easat-4440	210	19	obtained	obtain	VERB
easat-4440	210	20	and	and	CCONJ
easat-4440	210	21	the	the	DET
easat-4440	210	22	variables	variable	NOUN
easat-4440	210	23	used	use	VERB
easat-4440	210	24	in	in	ADP
easat-4440	210	25	these	these	DET
easat-4440	210	26	models	model	NOUN
easat-4440	210	27	.	.	PUNCT
easat-4440	211	1	therefore	therefore	ADV
easat-4440	211	2	,	,	PUNCT
easat-4440	211	3	for	for	ADP
easat-4440	211	4	the	the	DET
easat-4440	211	5	stationarity	stationarity	NOUN
easat-4440	211	6	analysis	analysis	NOUN
easat-4440	211	7	,	,	PUNCT
easat-4440	211	8	implementing	implement	VERB
easat-4440	211	9	the	the	DET
easat-4440	211	10	second	second	ADJ
easat-4440	211	11	-	-	PUNCT
easat-4440	211	12	generation	generation	NOUN
easat-4440	211	13	unit	unit	NOUN
easat-4440	211	14	root	root	NOUN
easat-4440	211	15	test	test	NOUN
easat-4440	211	16	that	that	PRON
easat-4440	211	17	allows	allow	VERB
easat-4440	211	18	cross	cross	ADJ
easat-4440	211	19	-	-	ADJ
easat-4440	211	20	section	section	ADJ
easat-4440	211	21	dependence	dependence	NOUN
easat-4440	211	22	,	,	PUNCT
easat-4440	211	23	will	will	AUX
easat-4440	211	24	enable	enable	VERB
easat-4440	211	25	us	we	PRON
easat-4440	211	26	to	to	PART
easat-4440	211	27	obtain	obtain	VERB
easat-4440	211	28	more	more	ADV
easat-4440	211	29	accurate	accurate	ADJ
easat-4440	211	30	results	result	NOUN
easat-4440	211	31	from	from	ADP
easat-4440	211	32	the	the	DET
easat-4440	211	33	analysis	analysis	NOUN
easat-4440	211	34	to	to	PART
easat-4440	211	35	be	be	AUX
easat-4440	211	36	made	make	VERB
easat-4440	211	37	.	.	PUNCT
easat-4440	212	1	151	151	NUM
easat-4440	212	2	edelweiss	edelweiss	PROPN
easat-4440	212	3	applied	apply	VERB
easat-4440	212	4	science	science	NOUN
easat-4440	212	5	and	and	CCONJ
easat-4440	212	6	technology	technology	NOUN
easat-4440	212	7	issn	issn	PROPN
easat-4440	212	8	:	:	PUNCT
easat-4440	212	9	2576	2576	NUM
easat-4440	212	10	-	-	SYM
easat-4440	212	11	8484	8484	NUM
easat-4440	212	12	vol	vol	NOUN
easat-4440	212	13	.	.	PROPN
easat-4440	213	1	9	9	NUM
easat-4440	213	2	,	,	PUNCT
easat-4440	213	3	no	no	INTJ
easat-4440	213	4	.	.	NOUN
easat-4440	214	1	2	2	NUM
easat-4440	214	2	:	:	SYM
easat-4440	214	3	144	144	NUM
easat-4440	214	4	-	-	SYM
easat-4440	214	5	159	159	NUM
easat-4440	214	6	,	,	PUNCT
easat-4440	214	7	2025	2025	NUM
easat-4440	214	8	doi	doi	NOUN
easat-4440	214	9	:	:	PUNCT
easat-4440	214	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	214	11	©	©	PROPN
easat-4440	214	12	2025	2025	NUM
easat-4440	214	13	by	by	ADP
easat-4440	214	14	the	the	DET
easat-4440	214	15	author	author	NOUN
easat-4440	214	16	;	;	PUNCT
easat-4440	214	17	licensee	licensee	PROPN
easat-4440	214	18	learning	learning	NOUN
easat-4440	214	19	gate	gate	NOUN
easat-4440	214	20	at	at	ADP
easat-4440	214	21	the	the	DET
easat-4440	214	22	same	same	ADJ
easat-4440	214	23	time	time	NOUN
easat-4440	214	24	,	,	PUNCT
easat-4440	214	25	as	as	ADP
easat-4440	214	26	a	a	DET
easat-4440	214	27	result	result	NOUN
easat-4440	214	28	of	of	ADP
easat-4440	214	29	the	the	DET
easat-4440	214	30	homogeneity	homogeneity	NOUN
easat-4440	214	31	analysis	analysis	NOUN
easat-4440	214	32	,	,	PUNCT
easat-4440	214	33	the	the	DET
easat-4440	214	34	h0	h0	ADJ
easat-4440	214	35	hypothesis	hypothesis	NOUN
easat-4440	214	36	,	,	PUNCT
easat-4440	214	37	which	which	PRON
easat-4440	214	38	states	state	VERB
easat-4440	214	39	that	that	SCONJ
easat-4440	214	40	the	the	DET
easat-4440	214	41	slope	slope	NOUN
easat-4440	214	42	coefficient	coefficient	NOUN
easat-4440	214	43	is	be	AUX
easat-4440	214	44	homogeneous	homogeneous	ADJ
easat-4440	214	45	,	,	PUNCT
easat-4440	214	46	is	be	AUX
easat-4440	214	47	rejected	reject	VERB
easat-4440	214	48	.	.	PUNCT
easat-4440	215	1	therefore	therefore	ADV
easat-4440	215	2	,	,	PUNCT
easat-4440	215	3	it	it	PRON
easat-4440	215	4	was	be	AUX
easat-4440	215	5	decided	decide	VERB
easat-4440	215	6	that	that	SCONJ
easat-4440	215	7	the	the	DET
easat-4440	215	8	slope	slope	NOUN
easat-4440	215	9	coefficient	coefficient	NOUN
easat-4440	215	10	was	be	AUX
easat-4440	215	11	heterogeneous	heterogeneous	ADJ
easat-4440	215	12	in	in	ADP
easat-4440	215	13	all	all	DET
easat-4440	215	14	models	model	NOUN
easat-4440	215	15	.	.	PUNCT
easat-4440	216	1	table	table	NOUN
easat-4440	216	2	2	2	NUM
easat-4440	216	3	.	.	PUNCT
easat-4440	216	4	cross	cross	ADJ
easat-4440	216	5	-	-	ADJ
easat-4440	216	6	sectional	sectional	ADJ
easat-4440	216	7	dependency	dependency	NOUN
easat-4440	216	8	test	test	NOUN
easat-4440	216	9	.	.	PUNCT
easat-4440	217	1	variables	variable	NOUN
easat-4440	217	2	lm	lm	INTJ
easat-4440	217	3	cdlm	cdlm	VERB
easat-4440	217	4	lmadj	lmadj	PROPN
easat-4440	217	5	𝑵̃	𝑵̃	PROPN
easat-4440	217	6	�	�	PROPN
easat-4440	217	7	̃	̃	PROPN
easat-4440	217	8	�	�	PROPN
easat-4440	217	9	𝒂	𝒂	ADP
easat-4440	217	10	𝒅	𝒅	PRON
easat-4440	217	11	𝒋	𝒋	SYM
easat-4440	217	12	model1	model1	NOUN
easat-4440	217	13	127.0(0.0000	127.0(0.0000	NUM
easat-4440	217	14	)	)	PUNCT
easat-4440	217	15	10.56(0.0000	10.56(0.0000	NUM
easat-4440	217	16	)	)	PUNCT
easat-4440	217	17	27.13(0.0000	27.13(0.0000	ADJ
easat-4440	217	18	)	)	PUNCT
easat-4440	217	19	5.940(0.000	5.940(0.000	NUM
easat-4440	217	20	)	)	PUNCT
easat-4440	217	21	6.641(0.000	6.641(0.000	NUM
easat-4440	217	22	)	)	PUNCT
easat-4440	217	23	model2	model2	NOUN
easat-4440	217	24	121.6(0.0000	121.6(0.0000	NUM
easat-4440	217	25	)	)	PUNCT
easat-4440	217	26	10.51(0.0000	10.51(0.0000	NOUN
easat-4440	217	27	)	)	PUNCT
easat-4440	217	28	25.79(0.0000	25.79(0.0000	NUM
easat-4440	217	29	)	)	PUNCT
easat-4440	217	30	6.325(0.000	6.325(0.000	NUM
easat-4440	217	31	)	)	PUNCT
easat-4440	217	32	7.072(0.000	7.072(0.000	NUM
easat-4440	217	33	)	)	PUNCT
easat-4440	217	34	model3	model3	NOUN
easat-4440	217	35	115.5(0.0000	115.5(0.0000	NUM
easat-4440	217	36	)	)	PUNCT
easat-4440	217	37	10.01(0.0000	10.01(0.0000	NUM
easat-4440	217	38	)	)	PUNCT
easat-4440	217	39	24.07(0.0000	24.07(0.0000	NUM
easat-4440	217	40	)	)	PUNCT
easat-4440	217	41	6.708(0.000	6.708(0.000	NUM
easat-4440	217	42	)	)	PUNCT
easat-4440	217	43	7.500(0.000	7.500(0.000	NUM
easat-4440	217	44	)	)	PUNCT
easat-4440	217	45	model4	model4	NOUN
easat-4440	217	46	91.8(0.0000	91.8(0.0000	NUM
easat-4440	217	47	)	)	PUNCT
easat-4440	217	48	8.749(0.0000	8.749(0.0000	NUM
easat-4440	217	49	)	)	PUNCT
easat-4440	217	50	17.19(0.0000	17.19(0.0000	NUM
easat-4440	217	51	)	)	PUNCT
easat-4440	217	52	7.224(0.000	7.224(0.000	NUM
easat-4440	217	53	)	)	PUNCT
easat-4440	217	54	8.077(0.000	8.077(0.000	NUM
easat-4440	217	55	)	)	PUNCT
easat-4440	217	56	model5	model5	NOUN
easat-4440	217	57	80.16(0.0000	80.16(0.0000	PROPN
easat-4440	217	58	)	)	PUNCT
easat-4440	217	59	7.906	7.906	NUM
easat-4440	217	60	(	(	PUNCT
easat-4440	217	61	0.0000	0.0000	NUM
easat-4440	217	62	)	)	PUNCT
easat-4440	217	63	13.86(0.0000	13.86(0.0000	NUM
easat-4440	217	64	)	)	PUNCT
easat-4440	217	65	7.224(0.000	7.224(0.000	NUM
easat-4440	217	66	)	)	PUNCT
easat-4440	217	67	8.077(0.000	8.077(0.000	NUM
easat-4440	217	68	)	)	PUNCT
easat-4440	217	69	model6	model6	NOUN
easat-4440	217	70	77.22(0.0000	77.22(0.0000	NOUN
easat-4440	217	71	)	)	PUNCT
easat-4440	217	72	7.507(0.0000	7.507(0.0000	NUM
easat-4440	217	73	)	)	PUNCT
easat-4440	217	74	13.02(0.0000	13.02(0.0000	NUM
easat-4440	217	75	)	)	PUNCT
easat-4440	217	76	6.502(0.000	6.502(0.000	NOUN
easat-4440	217	77	)	)	PUNCT
easat-4440	217	78	7.262(0.000	7.262(0.000	NUM
easat-4440	217	79	)	)	PUNCT
easat-4440	217	80	epu	epu	NOUN
easat-4440	217	81	181.6(0.0000	181.6(0.0000	NUM
easat-4440	217	82	)	)	PUNCT
easat-4440	217	83	13	13	NUM
easat-4440	217	84	(	(	PUNCT
easat-4440	217	85	0.0000	0.0000	NUM
easat-4440	217	86	)	)	PUNCT
easat-4440	217	87	48.32(0.0000	48.32(0.0000	PROPN
easat-4440	217	88	)	)	PUNCT
easat-4440	217	89	cc	cc	NOUN
easat-4440	217	90	103(0.0000	103(0.0000	NUM
easat-4440	217	91	)	)	PUNCT
easat-4440	217	92	-0.1809	-0.1809	NOUN
easat-4440	217	93	(	(	PUNCT
easat-4440	217	94	0.8565	0.8565	NUM
easat-4440	217	95	)	)	PUNCT
easat-4440	217	96	23.07(0.0000	23.07(0.0000	NUM
easat-4440	217	97	)	)	PUNCT
easat-4440	217	98	ge	ge	PROPN
easat-4440	217	99	62.94(0.0000	62.94(0.0000	PROPN
easat-4440	217	100	)	)	PUNCT
easat-4440	217	101	-1.461(0.1440	-1.461(0.1440	PROPN
easat-4440	217	102	)	)	PUNCT
easat-4440	217	103	10.22(0.0000	10.22(0.0000	NUM
easat-4440	217	104	)	)	PUNCT
easat-4440	217	105	psav	psav	NOUN
easat-4440	217	106	69.05(0.0000	69.05(0.0000	NUM
easat-4440	217	107	)	)	PUNCT
easat-4440	217	108	5.403(0.0000	5.403(0.0000	NUM
easat-4440	217	109	)	)	PUNCT
easat-4440	217	110	12.18(0.0000	12.18(0.0000	NUM
easat-4440	217	111	)	)	PUNCT
easat-4440	217	112	rq	rq	VERB
easat-4440	217	113	68.28(0.000	68.28(0.000	NUM
easat-4440	217	114	)	)	PUNCT
easat-4440	217	115	20.6(0.0093	20.6(0.0093	NUM
easat-4440	217	116	)	)	PUNCT
easat-4440	217	117	11.93(0.0000	11.93(0.0000	NUM
easat-4440	217	118	)	)	PUNCT
easat-4440	217	119	rl	rl	PROPN
easat-4440	217	120	61.59(0.0003	61.59(0.0003	NOUN
easat-4440	217	121	)	)	PUNCT
easat-4440	217	122	9.783(0.0000	9.783(0.0000	NUM
easat-4440	217	123	)	)	PUNCT
easat-4440	217	124	2.059(0.0395	2.059(0.0395	NUM
easat-4440	217	125	)	)	PUNCT
easat-4440	217	126	va	va	NOUN
easat-4440	217	127	65.27(0.0000	65.27(0.0000	NUM
easat-4440	217	128	)	)	PUNCT
easat-4440	217	129	1.361(0.1735	1.361(0.1735	NUM
easat-4440	217	130	)	)	PUNCT
easat-4440	217	131	10.97(0.0000	10.97(0.0000	X
easat-4440	217	132	)	)	PUNCT
easat-4440	217	133	gdp	gdp	NOUN
easat-4440	217	134	192.3(0.0000	192.3(0.0000	NUM
easat-4440	217	135	)	)	PUNCT
easat-4440	217	136	12.02(0.0000	12.02(0.0000	ADJ
easat-4440	217	137	)	)	PUNCT
easat-4440	217	138	51.75(0.0000	51.75(0.0000	NUM
easat-4440	217	139	)	)	PUNCT
easat-4440	217	140	source	source	NOUN
easat-4440	217	141	:	:	PUNCT
easat-4440	217	142	(	(	PUNCT
easat-4440	217	143	p	p	X
easat-4440	217	144	-	-	PUNCT
easat-4440	217	145	value	value	NOUN
easat-4440	217	146	appears	appear	VERB
easat-4440	217	147	in	in	ADP
easat-4440	217	148	the	the	DET
easat-4440	217	149	brackets	bracket	NOUN
easat-4440	217	150	)	)	PUNCT
easat-4440	217	151	.	.	PUNCT
easat-4440	218	1	based	base	VERB
easat-4440	218	2	on	on	ADP
easat-4440	218	3	what	what	PRON
easat-4440	218	4	came	come	VERB
easat-4440	218	5	out	out	ADP
easat-4440	218	6	of	of	ADP
easat-4440	218	7	the	the	DET
easat-4440	218	8	cross	cross	ADJ
easat-4440	218	9	-	-	ADJ
easat-4440	218	10	sectional	sectional	ADJ
easat-4440	218	11	dependency	dependency	NOUN
easat-4440	218	12	evaluation	evaluation	NOUN
easat-4440	218	13	,	,	PUNCT
easat-4440	218	14	that	that	PRON
easat-4440	218	15	is	be	AUX
easat-4440	218	16	a	a	DET
easat-4440	218	17	cross	cross	ADJ
easat-4440	218	18	-	-	ADJ
easat-4440	218	19	sectional	sectional	ADJ
easat-4440	218	20	dependency	dependency	NOUN
easat-4440	218	21	in	in	ADP
easat-4440	218	22	the	the	DET
easat-4440	218	23	models	model	NOUN
easat-4440	218	24	found	find	VERB
easat-4440	218	25	and	and	CCONJ
easat-4440	218	26	the	the	DET
easat-4440	218	27	variables	variable	NOUN
easat-4440	218	28	employed	employ	VERB
easat-4440	218	29	.	.	PUNCT
easat-4440	219	1	it	it	PRON
easat-4440	219	2	was	be	AUX
easat-4440	219	3	chosen	choose	VERB
easat-4440	219	4	to	to	PART
easat-4440	219	5	do	do	VERB
easat-4440	219	6	the	the	DET
easat-4440	219	7	cadf	cadf	PROPN
easat-4440	219	8	unit	unit	NOUN
easat-4440	219	9	-	-	PUNCT
easat-4440	219	10	root	root	NOUN
easat-4440	219	11	examination	examination	NOUN
easat-4440	219	12	for	for	ADP
easat-4440	219	13	the	the	DET
easat-4440	219	14	stability	stability	NOUN
easat-4440	219	15	investigation	investigation	NOUN
easat-4440	219	16	because	because	SCONJ
easat-4440	219	17	of	of	ADP
easat-4440	219	18	this	this	PRON
easat-4440	219	19	.	.	PUNCT
easat-4440	220	1	the	the	DET
easat-4440	220	2	cadf	cadf	PROPN
easat-4440	220	3	unit	unit	NOUN
easat-4440	220	4	root	root	PROPN
easat-4440	220	5	test	test	NOUN
easat-4440	220	6	,	,	PUNCT
easat-4440	220	7	invented	invent	VERB
easat-4440	220	8	by	by	ADP
easat-4440	220	9	westerlund	westerlund	NOUN
easat-4440	220	10	[	[	X
easat-4440	220	11	31	31	NUM
easat-4440	220	12	]	]	PUNCT
easat-4440	220	13	is	be	AUX
easat-4440	220	14	a	a	DET
easat-4440	220	15	second	second	ADJ
easat-4440	220	16	-	-	PUNCT
easat-4440	220	17	generation	generation	NOUN
easat-4440	220	18	unit	unit	NOUN
easat-4440	220	19	root	root	NOUN
easat-4440	220	20	test	test	NOUN
easat-4440	220	21	created	create	VERB
easat-4440	220	22	as	as	ADP
easat-4440	220	23	a	a	DET
easat-4440	220	24	result	result	NOUN
easat-4440	220	25	of	of	ADP
easat-4440	220	26	adding	add	VERB
easat-4440	220	27	the	the	DET
easat-4440	220	28	cross	cross	ADJ
easat-4440	220	29	-	-	ADJ
easat-4440	220	30	sectional	sectional	ADJ
easat-4440	220	31	averages	average	NOUN
easat-4440	220	32	of	of	ADP
easat-4440	220	33	the	the	DET
easat-4440	220	34	lagged	lag	VERB
easat-4440	220	35	levels	level	NOUN
easat-4440	220	36	and	and	CCONJ
easat-4440	220	37	the	the	DET
easat-4440	220	38	first	first	ADJ
easat-4440	220	39	differences	difference	NOUN
easat-4440	220	40	of	of	ADP
easat-4440	220	41	the	the	DET
easat-4440	220	42	individual	individual	ADJ
easat-4440	220	43	series	series	NOUN
easat-4440	220	44	to	to	ADP
easat-4440	220	45	the	the	DET
easat-4440	220	46	adf	adf	PROPN
easat-4440	220	47	test	test	NOUN
easat-4440	220	48	.	.	PUNCT
easat-4440	221	1	the	the	DET
easat-4440	221	2	regression	regression	NOUN
easat-4440	221	3	equation	equation	NOUN
easat-4440	221	4	of	of	ADP
easat-4440	221	5	the	the	DET
easat-4440	221	6	cadf	cadf	NOUN
easat-4440	221	7	and	and	CCONJ
easat-4440	221	8	the	the	DET
easat-4440	221	9	hypothesis	hypothesis	NOUN
easat-4440	221	10	tests	test	NOUN
easat-4440	221	11	are	be	AUX
easat-4440	221	12	expressed	express	VERB
easat-4440	221	13	as	as	SCONJ
easat-4440	221	14	follows	follow	VERB
easat-4440	221	15	.	.	PUNCT
easat-4440	222	1	∆𝑦𝑖𝑡	∆𝑦𝑖𝑡	X
easat-4440	223	1	=	=	PRON
easat-4440	223	2	𝑎𝑖	𝑎𝑖	PROPN
easat-4440	223	3	+	+	PROPN
easat-4440	223	4	𝑏𝑖𝑦𝑖,𝑡−1	𝑏𝑖𝑦𝑖,𝑡−1	NOUN
easat-4440	223	5	+	+	CCONJ
easat-4440	223	6	𝑐𝑖	𝑐𝑖	NOUN
easat-4440	223	7	�	�	NOUN
easat-4440	223	8	̅	̅	NOUN
easat-4440	223	9	�	�	NOUN
easat-4440	223	10	𝑡−1	𝑡−1	PROPN
easat-4440	223	11	+	+	CCONJ
easat-4440	223	12	∑	∑	PROPN
easat-4440	223	13	𝑑𝑖𝑗	𝑑𝑖𝑗	PROPN
easat-4440	223	14	𝑝	𝑝	PROPN
easat-4440	223	15	𝑗=0	𝑗=0	PUNCT
easat-4440	224	1	+	+	ADJ
easat-4440	224	2	∆	∆	PROPN
easat-4440	224	3	�	�	SYM
easat-4440	224	4	̅	̅	NOUN
easat-4440	224	5	�	�	NOUN
easat-4440	224	6	𝑡−𝑗+∑	𝑡−𝑗+∑	NOUN
easat-4440	224	7	𝛿𝑖𝑗	𝛿𝑖𝑗	PROPN
easat-4440	224	8	𝑝	𝑝	ADP
easat-4440	224	9	𝑗=1	𝑗=1	X
easat-4440	224	10	∆𝑦𝑖,𝑡−𝑗	∆𝑦𝑖,𝑡−𝑗	NUM
easat-4440	224	11	+	+	SYM
easat-4440	224	12	𝑒𝑖𝑡	𝑒𝑖𝑡	PROPN
easat-4440	224	13	(	(	PUNCT
easat-4440	224	14	6	6	NUM
easat-4440	224	15	)	)	PUNCT
easat-4440	224	16	𝐻0	𝐻0	NOUN
easat-4440	224	17	:	:	PUNCT
easat-4440	224	18	there	there	PRON
easat-4440	224	19	is	be	VERB
easat-4440	224	20	a	a	DET
easat-4440	224	21	unit	unit	NOUN
easat-4440	224	22	root	root	NOUN
easat-4440	224	23	(	(	PUNCT
easat-4440	224	24	𝐻0	𝐻0	PROPN
easat-4440	224	25	:	:	PUNCT
easat-4440	224	26	𝑏i̇=1	𝑏i̇=1	PROPN
easat-4440	224	27	)	)	PUNCT
easat-4440	224	28	𝐻1	𝐻1	NOUN
easat-4440	224	29	:	:	PUNCT
easat-4440	224	30	there	there	PRON
easat-4440	224	31	is	be	VERB
easat-4440	224	32	no	no	DET
easat-4440	224	33	unit	unit	NOUN
easat-4440	224	34	root	root	NOUN
easat-4440	224	35	(	(	PUNCT
easat-4440	224	36	𝐻1	𝐻1	PROPN
easat-4440	224	37	:	:	PUNCT
easat-4440	224	38	𝑏i̇	𝑏i̇	ADJ
easat-4440	224	39	≠1	≠1	VERB
easat-4440	224	40	)	)	PUNCT
easat-4440	224	41	the	the	DET
easat-4440	224	42	stationarity	stationarity	NOUN
easat-4440	224	43	levels	level	NOUN
easat-4440	224	44	of	of	ADP
easat-4440	224	45	the	the	DET
easat-4440	224	46	components	component	NOUN
easat-4440	224	47	in	in	ADP
easat-4440	224	48	the	the	DET
easat-4440	224	49	cadf	cadf	NOUN
easat-4440	224	50	are	be	AUX
easat-4440	224	51	determined	determine	VERB
easat-4440	224	52	in	in	ADP
easat-4440	224	53	line	line	NOUN
easat-4440	224	54	with	with	ADP
easat-4440	224	55	the	the	DET
easat-4440	224	56	statistical	statistical	ADJ
easat-4440	224	57	values	value	NOUN
easat-4440	224	58	of	of	ADP
easat-4440	224	59	the	the	DET
easat-4440	224	60	cips	cip	NOUN
easat-4440	224	61	(	(	PUNCT
easat-4440	224	62	cross	cross	ADJ
easat-4440	224	63	-	-	ADJ
easat-4440	224	64	sectionally	sectionally	ADV
easat-4440	224	65	augmented	augment	VERB
easat-4440	224	66	panel	panel	NOUN
easat-4440	224	67	unit	unit	NOUN
easat-4440	224	68	root	root	NOUN
easat-4440	224	69	)	)	PUNCT
easat-4440	224	70	method	method	NOUN
easat-4440	224	71	.	.	PUNCT
easat-4440	225	1	cips	cips	PROPN
easat-4440	225	2	statistics	statistics	PROPN
easat-4440	225	3	values	value	NOUN
easat-4440	225	4	are	be	AUX
easat-4440	225	5	predicated	predicate	VERB
easat-4440	225	6	on	on	ADP
easat-4440	225	7	the	the	DET
easat-4440	225	8	mean	mean	NOUN
easat-4440	225	9	of	of	ADP
easat-4440	225	10	individual	individual	ADJ
easat-4440	225	11	cadf	cadf	NOUN
easat-4440	225	12	statistics	statistic	NOUN
easat-4440	225	13	.	.	PUNCT
easat-4440	226	1	the	the	DET
easat-4440	226	2	regression	regression	NOUN
easat-4440	226	3	equation	equation	NOUN
easat-4440	226	4	of	of	ADP
easat-4440	226	5	the	the	DET
easat-4440	226	6	cips	cip	NOUN
easat-4440	226	7	statistical	statistical	ADJ
easat-4440	226	8	analysis	analysis	NOUN
easat-4440	226	9	and	and	CCONJ
easat-4440	226	10	the	the	DET
easat-4440	226	11	hypothesis	hypothesis	NOUN
easat-4440	226	12	tests	test	NOUN
easat-4440	226	13	are	be	AUX
easat-4440	226	14	expressed	express	VERB
easat-4440	226	15	as	as	SCONJ
easat-4440	226	16	follows	follow	VERB
easat-4440	226	17	.	.	PUNCT
easat-4440	227	1	𝐶𝐼𝑃𝑆(𝑁	𝐶𝐼𝑃𝑆(𝑁	NOUN
easat-4440	227	2	,	,	PUNCT
easat-4440	227	3	𝑇	𝑇	PROPN
easat-4440	227	4	)	)	PUNCT
easat-4440	227	5	=	=	PUNCT
easat-4440	227	6	𝑁−1	𝑁−1	NOUN
easat-4440	227	7	∑	∑	PUNCT
easat-4440	227	8	𝑡𝑖(𝑁	𝑡𝑖(𝑁	NOUN
easat-4440	227	9	,	,	PUNCT
easat-4440	227	10	𝑇)𝑁	𝑇)𝑁	VERB
easat-4440	227	11	𝑖=1	𝑖=1	PROPN
easat-4440	227	12	(	(	PUNCT
easat-4440	227	13	7	7	X
easat-4440	227	14	)	)	PUNCT
easat-4440	227	15	𝐻0	𝐻0	NOUN
easat-4440	227	16	:	:	PUNCT
easat-4440	227	17	there	there	PRON
easat-4440	227	18	is	be	VERB
easat-4440	227	19	a	a	DET
easat-4440	227	20	unit	unit	NOUN
easat-4440	227	21	root	root	NOUN
easat-4440	227	22	(	(	PUNCT
easat-4440	227	23	𝐻0	𝐻0	PROPN
easat-4440	227	24	:	:	PUNCT
easat-4440	227	25	𝘣i̇=1	𝘣i̇=1	PROPN
easat-4440	227	26	)	)	PUNCT
easat-4440	227	27	𝐻1	𝐻1	NOUN
easat-4440	227	28	:	:	PUNCT
easat-4440	227	29	there	there	PRON
easat-4440	227	30	is	be	VERB
easat-4440	227	31	no	no	DET
easat-4440	227	32	unit	unit	NOUN
easat-4440	227	33	root	root	NOUN
easat-4440	227	34	(	(	PUNCT
easat-4440	227	35	𝐻1	𝐻1	NOUN
easat-4440	227	36	:	:	PUNCT
easat-4440	227	37	𝘣i̇	𝘣i̇	PUNCT
easat-4440	227	38	≠1	≠1	NOUN
easat-4440	227	39	)	)	PUNCT
easat-4440	227	40	152	152	NUM
easat-4440	227	41	edelweiss	edelweiss	PROPN
easat-4440	227	42	applied	apply	VERB
easat-4440	227	43	science	science	NOUN
easat-4440	227	44	and	and	CCONJ
easat-4440	227	45	technology	technology	NOUN
easat-4440	227	46	issn	issn	PROPN
easat-4440	227	47	:	:	PUNCT
easat-4440	227	48	2576	2576	NUM
easat-4440	227	49	-	-	SYM
easat-4440	227	50	8484	8484	NUM
easat-4440	227	51	vol	vol	NOUN
easat-4440	227	52	.	.	PROPN
easat-4440	228	1	9	9	NUM
easat-4440	228	2	,	,	PUNCT
easat-4440	228	3	no	no	INTJ
easat-4440	228	4	.	.	NOUN
easat-4440	229	1	2	2	NUM
easat-4440	229	2	:	:	SYM
easat-4440	229	3	144	144	NUM
easat-4440	229	4	-	-	SYM
easat-4440	229	5	159	159	NUM
easat-4440	229	6	,	,	PUNCT
easat-4440	229	7	2025	2025	NUM
easat-4440	229	8	doi	doi	NOUN
easat-4440	229	9	:	:	PUNCT
easat-4440	229	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	229	11	©	©	PROPN
easat-4440	229	12	2025	2025	NUM
easat-4440	229	13	by	by	ADP
easat-4440	229	14	the	the	DET
easat-4440	229	15	author	author	NOUN
easat-4440	229	16	;	;	PUNCT
easat-4440	229	17	licensee	licensee	PROPN
easat-4440	229	18	learning	learn	VERB
easat-4440	229	19	gate	gate	NOUN
easat-4440	229	20	table	table	NOUN
easat-4440	229	21	3	3	NUM
easat-4440	229	22	.	.	PUNCT
easat-4440	229	23	cadf	cadf	NOUN
easat-4440	229	24	test	test	NOUN
easat-4440	229	25	results	result	NOUN
easat-4440	229	26	.	.	PUNCT
easat-4440	230	1	cips	cips	PROPN
easat-4440	230	2	statistics	statistic	NOUN
easat-4440	230	3	level	level	VERB
easat-4440	230	4	1	1	NUM
easat-4440	230	5	.	.	PUNCT
easat-4440	230	6	difference	difference	NOUN
easat-4440	230	7	variables	variable	NOUN
easat-4440	230	8	test	test	NOUN
easat-4440	230	9	statistics	statistic	NOUN
easat-4440	230	10	p	p	ADJ
easat-4440	230	11	-	-	PUNCT
easat-4440	230	12	value	value	NOUN
easat-4440	230	13	test	test	NOUN
easat-4440	230	14	statistics	statistic	NOUN
easat-4440	230	15	p	p	NOUN
easat-4440	230	16	-	-	PUNCT
easat-4440	230	17	value	value	NOUN
easat-4440	230	18	result	result	NOUN
easat-4440	230	19	epu	epu	NOUN
easat-4440	230	20	-2.137	-2.137	NOUN
easat-4440	230	21	0.132	0.132	NUM
easat-4440	230	22	-3.427	-3.427	NOUN
easat-4440	230	23	0.000	0.000	NUM
easat-4440	230	24	*	*	PUNCT
easat-4440	230	25	i(1	i(1	PROPN
easat-4440	230	26	)	)	PUNCT
easat-4440	230	27	cc	cc	ADP
easat-4440	230	28	-1.924	-1.924	NOUN
easat-4440	230	29	0.297	0.297	NUM
easat-4440	230	30	-2.954	-2.954	PUNCT
easat-4440	230	31	0.000	0.000	NUM
easat-4440	230	32	*	*	PUNCT
easat-4440	230	33	i(1	i(1	PROPN
easat-4440	230	34	)	)	PUNCT
easat-4440	230	35	ge	ge	PROPN
easat-4440	230	36	-1.690	-1.690	PUNCT
easat-4440	231	1	0.544	0.544	NUM
easat-4440	231	2	-3.024	-3.024	NUM
easat-4440	231	3	0.000	0.000	NUM
easat-4440	231	4	*	*	PUNCT
easat-4440	231	5	i(1	i(1	NOUN
easat-4440	231	6	)	)	PUNCT
easat-4440	231	7	psav	psav	NOUN
easat-4440	231	8	-1.475	-1.475	PUNCT
easat-4440	231	9	0.758	0.758	NUM
easat-4440	231	10	-3.303	-3.303	SYM
easat-4440	231	11	0.000	0.000	NUM
easat-4440	231	12	*	*	PUNCT
easat-4440	231	13	i(1	i(1	NOUN
easat-4440	231	14	)	)	PUNCT
easat-4440	231	15	rq	rq	NOUN
easat-4440	231	16	-1.913	-1.913	PROPN
easat-4440	231	17	0.308	0.308	NUM
easat-4440	231	18	-3.207	-3.207	NOUN
easat-4440	231	19	0.000	0.000	NUM
easat-4440	231	20	*	*	PUNCT
easat-4440	231	21	i(1	i(1	NOUN
easat-4440	231	22	)	)	PUNCT
easat-4440	231	23	rl	rl	ADP
easat-4440	231	24	-1.801	-1.801	PUNCT
easat-4440	231	25	0.423	0.423	NUM
easat-4440	231	26	-2.457	-2.457	NUM
easat-4440	231	27	0.023	0.023	NUM
easat-4440	231	28	*	*	PUNCT
easat-4440	231	29	i(1	i(1	PROPN
easat-4440	231	30	)	)	PUNCT
easat-4440	231	31	va	va	NOUN
easat-4440	231	32	-2.508	-2.508	PUNCT
easat-4440	231	33	0.262	0.262	NUM
easat-4440	231	34	-2.706	-2.706	SYM
easat-4440	231	35	0.004	0.004	NUM
easat-4440	231	36	*	*	PUNCT
easat-4440	231	37	i(1	i(1	PROPN
easat-4440	231	38	)	)	PUNCT
easat-4440	231	39	gdp	gdp	NOUN
easat-4440	231	40	-1.806	-1.806	PUNCT
easat-4440	231	41	0.908	0.908	NUM
easat-4440	231	42	-2.641	-2.641	X
easat-4440	231	43	0.006	0.006	NUM
easat-4440	231	44	*	*	PUNCT
easat-4440	231	45	i(1	i(1	PROPN
easat-4440	231	46	)	)	PUNCT
easat-4440	231	47	note	note	NOUN
easat-4440	231	48	:	:	PUNCT
easat-4440	231	49	*	*	PUNCT
easat-4440	231	50	denotes	denote	NOUN
easat-4440	231	51	statistical	statistical	ADJ
easat-4440	231	52	significance	significance	NOUN
easat-4440	231	53	at	at	ADP
easat-4440	231	54	the	the	DET
easat-4440	231	55	5	5	NUM
easat-4440	231	56	%	%	NOUN
easat-4440	231	57	level	level	NOUN
easat-4440	231	58	.	.	PUNCT
easat-4440	232	1	table	table	NOUN
easat-4440	232	2	3	3	NUM
easat-4440	232	3	illustrates	illustrate	VERB
easat-4440	232	4	the	the	DET
easat-4440	232	5	cadf	cadf	NOUN
easat-4440	232	6	results	result	NOUN
easat-4440	232	7	.	.	PUNCT
easat-4440	233	1	according	accord	VERB
easat-4440	233	2	to	to	ADP
easat-4440	233	3	the	the	DET
easat-4440	233	4	table	table	NOUN
easat-4440	233	5	,	,	PUNCT
easat-4440	233	6	when	when	SCONJ
easat-4440	233	7	the	the	DET
easat-4440	233	8	first	first	ADJ
easat-4440	233	9	difference	difference	NOUN
easat-4440	233	10	is	be	AUX
easat-4440	233	11	taken	take	VERB
easat-4440	233	12	,	,	PUNCT
easat-4440	233	13	all	all	PRON
easat-4440	233	14	of	of	ADP
easat-4440	233	15	the	the	DET
easat-4440	233	16	variables	variable	NOUN
easat-4440	233	17	used	use	VERB
easat-4440	233	18	in	in	ADP
easat-4440	233	19	the	the	DET
easat-4440	233	20	models	model	NOUN
easat-4440	233	21	created	create	VERB
easat-4440	233	22	become	become	VERB
easat-4440	233	23	stationary	stationary	ADJ
easat-4440	233	24	.	.	PUNCT
easat-4440	234	1	for	for	ADP
easat-4440	234	2	this	this	DET
easat-4440	234	3	reason	reason	NOUN
easat-4440	234	4	,	,	PUNCT
easat-4440	234	5	pesaran	pesaran	NOUN
easat-4440	234	6	and	and	CCONJ
easat-4440	234	7	smith	smith	NOUN
easat-4440	234	8	[	[	X
easat-4440	234	9	32	32	NUM
easat-4440	234	10	]	]	PUNCT
easat-4440	234	11	analysis	analysis	NOUN
easat-4440	234	12	that	that	PRON
easat-4440	234	13	utilizes	utilize	VERB
easat-4440	234	14	the	the	DET
easat-4440	234	15	error	error	NOUN
easat-4440	234	16	correction	correction	NOUN
easat-4440	234	17	model	model	NOUN
easat-4440	234	18	,	,	PUNCT
easat-4440	234	19	which	which	PRON
easat-4440	234	20	can	can	AUX
easat-4440	234	21	be	be	AUX
easat-4440	234	22	adopted	adopt	VERB
easat-4440	234	23	whenever	whenever	SCONJ
easat-4440	234	24	each	each	PRON
easat-4440	234	25	of	of	ADP
easat-4440	234	26	the	the	DET
easat-4440	234	27	parameters	parameter	NOUN
easat-4440	234	28	is	be	AUX
easat-4440	234	29	stationary	stationary	ADJ
easat-4440	234	30	at	at	ADP
easat-4440	234	31	i	i	PRON
easat-4440	234	32	(	(	PUNCT
easat-4440	234	33	1	1	NUM
easat-4440	234	34	)	)	PUNCT
easat-4440	234	35	or	or	CCONJ
easat-4440	234	36	i	i	PRON
easat-4440	234	37	(	(	PUNCT
easat-4440	234	38	0	0	NUM
easat-4440	234	39	)	)	PUNCT
easat-4440	234	40	level	level	NOUN
easat-4440	234	41	and	and	CCONJ
easat-4440	234	42	allows	allow	VERB
easat-4440	234	43	for	for	ADP
easat-4440	234	44	cross	cross	ADJ
easat-4440	234	45	-	-	ADJ
easat-4440	234	46	sectional	sectional	ADJ
easat-4440	234	47	dependence	dependence	NOUN
easat-4440	234	48	,	,	PUNCT
easat-4440	234	49	was	be	AUX
easat-4440	234	50	applied	apply	VERB
easat-4440	234	51	to	to	PART
easat-4440	234	52	investigate	investigate	VERB
easat-4440	234	53	the	the	DET
easat-4440	234	54	parameters	parameter	NOUN
easat-4440	234	55	'	'	PART
easat-4440	234	56	long	long	ADJ
easat-4440	234	57	-	-	PUNCT
easat-4440	234	58	term	term	NOUN
easat-4440	234	59	cointegration	cointegration	NOUN
easat-4440	234	60	connection	connection	NOUN
easat-4440	234	61	.	.	PUNCT
easat-4440	235	1	4.2.2	4.2.2	X
easat-4440	235	2	.	.	PUNCT
easat-4440	235	3	westerlund	westerlund	PROPN
easat-4440	235	4	panel	panel	NOUN
easat-4440	235	5	cointegration	cointegration	NOUN
easat-4440	235	6	analysis	analysis	NOUN
easat-4440	235	7	westerlund	westerlund	NOUN
easat-4440	235	8	cointegration	cointegration	NOUN
easat-4440	235	9	analysis	analysis	NOUN
easat-4440	235	10	,	,	PUNCT
easat-4440	235	11	developed	develop	VERB
easat-4440	235	12	by	by	ADP
easat-4440	235	13	pesaran	pesaran	NOUN
easat-4440	235	14	and	and	CCONJ
easat-4440	235	15	smith	smith	NOUN
easat-4440	236	1	[	[	X
easat-4440	236	2	32	32	NUM
easat-4440	236	3	]	]	PUNCT
easat-4440	236	4	is	be	AUX
easat-4440	236	5	an	an	DET
easat-4440	236	6	analysis	analysis	NOUN
easat-4440	236	7	method	method	NOUN
easat-4440	236	8	that	that	PRON
easat-4440	236	9	includes	include	VERB
easat-4440	236	10	cross	cross	ADJ
easat-4440	236	11	-	-	ADJ
easat-4440	236	12	sectional	sectional	ADJ
easat-4440	236	13	dependence	dependence	NOUN
easat-4440	236	14	.	.	PUNCT
easat-4440	237	1	since	since	SCONJ
easat-4440	237	2	westerlund	westerlund	NOUN
easat-4440	237	3	cointegration	cointegration	NOUN
easat-4440	237	4	analysis	analysis	NOUN
easat-4440	237	5	is	be	AUX
easat-4440	237	6	based	base	VERB
easat-4440	237	7	on	on	ADP
easat-4440	237	8	structural	structural	ADJ
easat-4440	237	9	dynamics	dynamic	NOUN
easat-4440	237	10	instead	instead	ADV
easat-4440	237	11	of	of	ADP
easat-4440	237	12	dynamics	dynamic	NOUN
easat-4440	237	13	,	,	PUNCT
easat-4440	237	14	it	it	PRON
easat-4440	237	15	includes	include	VERB
easat-4440	237	16	four	four	NUM
easat-4440	237	17	-	-	PUNCT
easat-4440	237	18	panel	panel	NOUN
easat-4440	237	19	tests	test	NOUN
easat-4440	237	20	that	that	PRON
easat-4440	237	21	do	do	AUX
easat-4440	237	22	not	not	PART
easat-4440	237	23	contain	contain	VERB
easat-4440	237	24	common	common	ADJ
easat-4440	237	25	factor	factor	NOUN
easat-4440	237	26	constraints	constraint	NOUN
easat-4440	237	27	and	and	CCONJ
easat-4440	237	28	are	be	AUX
easat-4440	237	29	based	base	VERB
easat-4440	237	30	on	on	ADP
easat-4440	237	31	the	the	DET
easat-4440	237	32	null	null	ADJ
easat-4440	237	33	hypothesis	hypothesis	NOUN
easat-4440	237	34	that	that	PRON
easat-4440	237	35	cointegration	cointegration	NOUN
easat-4440	237	36	does	do	AUX
easat-4440	237	37	not	not	PART
easat-4440	237	38	exist	exist	VERB
easat-4440	237	39	[	[	PUNCT
easat-4440	237	40	32	32	NUM
easat-4440	237	41	]	]	PUNCT
easat-4440	237	42	.	.	PUNCT
easat-4440	238	1	the	the	DET
easat-4440	238	2	regression	regression	NOUN
easat-4440	238	3	equation	equation	NOUN
easat-4440	238	4	of	of	ADP
easat-4440	238	5	the	the	DET
easat-4440	238	6	westerlund	westerlund	NOUN
easat-4440	238	7	analysis	analysis	NOUN
easat-4440	238	8	and	and	CCONJ
easat-4440	238	9	the	the	DET
easat-4440	238	10	null	null	ADJ
easat-4440	238	11	and	and	CCONJ
easat-4440	238	12	alternative	alternative	ADJ
easat-4440	238	13	hypotheses	hypothesis	NOUN
easat-4440	238	14	are	be	AUX
easat-4440	238	15	shown	show	VERB
easat-4440	238	16	as	as	SCONJ
easat-4440	238	17	follows	follow	VERB
easat-4440	238	18	.	.	PUNCT
easat-4440	239	1	∆𝑌𝑖𝑡=𝛿𝑑𝑡	∆𝑌𝑖𝑡=𝛿𝑑𝑡	PUNCT
easat-4440	239	2	′	′	NUM
easat-4440	240	1	+	+	ADP
easat-4440	240	2	𝜇𝑖	𝜇𝑖	ADP
easat-4440	240	3	′∆𝑋𝑖𝑡𝛾𝑖𝑌𝑖𝑡−1𝜑𝑖𝑋𝑖𝑡−1+휀𝑖𝑡	′∆𝑋𝑖𝑡𝛾𝑖𝑌𝑖𝑡−1𝜑𝑖𝑋𝑖𝑡−1+휀𝑖𝑡	PROPN
easat-4440	240	4	(	(	PUNCT
easat-4440	240	5	8)	8)	NUM
easat-4440	240	6	h0	h0	NOUN
easat-4440	240	7	:	:	PUNCT
easat-4440	240	8	pi=0	pi=0	NOUN
easat-4440	240	9	(	(	PUNCT
easat-4440	240	10	for	for	ADP
easat-4440	240	11	all	all	DET
easat-4440	240	12	i	i	PROPN
easat-4440	240	13	)	)	PUNCT
easat-4440	240	14	,	,	PUNCT
easat-4440	240	15	there	there	PRON
easat-4440	240	16	is	be	VERB
easat-4440	240	17	no	no	DET
easat-4440	240	18	cointegration	cointegration	NOUN
easat-4440	240	19	h1	h1	NOUN
easat-4440	240	20	:	:	PUNCT
easat-4440	240	21	pi<0	pi<0	PROPN
easat-4440	240	22	(	(	PUNCT
easat-4440	240	23	for	for	ADP
easat-4440	240	24	all	all	DET
easat-4440	240	25	i	i	PROPN
easat-4440	240	26	)	)	PUNCT
easat-4440	240	27	,	,	PUNCT
easat-4440	240	28	there	there	PRON
easat-4440	240	29	is	be	VERB
easat-4440	240	30	cointegration	cointegration	NOUN
easat-4440	240	31	,	,	PUNCT
easat-4440	240	32	pi=	pi=	ADJ
easat-4440	240	33	error	error	NOUN
easat-4440	240	34	correction	correction	NOUN
easat-4440	240	35	term	term	NOUN
easat-4440	240	36	dt	dt	PUNCT
easat-4440	241	1	=	=	NOUN
easat-4440	241	2	vector	vector	NOUN
easat-4440	241	3	showing	show	VERB
easat-4440	241	4	constant	constant	ADJ
easat-4440	241	5	and	and	CCONJ
easat-4440	241	6	trend	trend	NOUN
easat-4440	241	7	𝜇𝑖	𝜇𝑖	ADP
easat-4440	241	8	′	′	NUM
easat-4440	241	9	,	,	PUNCT
easat-4440	241	10	lond	lond	ADJ
easat-4440	241	11	run	run	VERB
easat-4440	241	12	𝛾𝑖	𝛾𝑖	ADV
easat-4440	241	13	and	and	CCONJ
easat-4440	241	14	𝜑𝑖	𝜑𝑖	ADV
easat-4440	241	15	short	short	ADJ
easat-4440	241	16	-	-	PUNCT
easat-4440	241	17	run	run	NOUN
easat-4440	241	18	parameters	parameter	NOUN
easat-4440	241	19	.	.	PUNCT
easat-4440	242	1	the	the	DET
easat-4440	242	2	equations	equation	NOUN
easat-4440	242	3	for	for	ADP
easat-4440	242	4	pa	pa	PROPN
easat-4440	242	5	and	and	CCONJ
easat-4440	242	6	pt	pt	PROPN
easat-4440	242	7	,	,	PUNCT
easat-4440	242	8	which	which	PRON
easat-4440	242	9	are	be	AUX
easat-4440	242	10	used	use	VERB
easat-4440	242	11	to	to	PART
easat-4440	242	12	gather	gather	VERB
easat-4440	242	13	information	information	NOUN
easat-4440	242	14	about	about	ADP
easat-4440	242	15	error	error	NOUN
easat-4440	242	16	correction	correction	NOUN
easat-4440	242	17	in	in	ADP
easat-4440	242	18	the	the	DET
easat-4440	242	19	cross	cross	ADJ
easat-4440	242	20	-	-	ADJ
easat-4440	242	21	section	section	ADJ
easat-4440	242	22	dimension	dimension	NOUN
easat-4440	242	23	of	of	ADP
easat-4440	242	24	the	the	DET
easat-4440	242	25	panel	panel	NOUN
easat-4440	242	26	in	in	ADP
easat-4440	242	27	cointegration	cointegration	NOUN
easat-4440	242	28	analysis	analysis	NOUN
easat-4440	242	29	are	be	AUX
easat-4440	242	30	shown	show	VERB
easat-4440	242	31	in	in	ADP
easat-4440	242	32	equations	equation	NOUN
easat-4440	242	33	9	9	NUM
easat-4440	242	34	and	and	CCONJ
easat-4440	242	35	10	10	NUM
easat-4440	242	36	.	.	PUNCT
easat-4440	243	1	pa=(∑	pa=(∑	PROPN
easat-4440	243	2	𝐿𝑁	𝐿𝑁	PROPN
easat-4440	243	3	i̇=1	i̇=1	VERB
easat-4440	243	4	i11)-1∑	i11)-1∑	ADJ
easat-4440	243	5	𝐿𝑁	𝐿𝑁	PROPN
easat-4440	243	6	i̇=1	i̇=1	VERB
easat-4440	243	7	i12	i12	NOUN
easat-4440	243	8	(	(	PUNCT
easat-4440	243	9	9	9	X
easat-4440	243	10	)	)	PUNCT
easat-4440	243	11	pt=	pt=	VERB
easat-4440	243	12	�	�	PROPN
easat-4440	243	13	̃	̃	PROPN
easat-4440	243	14	�	�	NOUN
easat-4440	243	15	-1(∑	-1(∑	PUNCT
easat-4440	243	16	𝐿𝑁	𝐿𝑁	PROPN
easat-4440	243	17	i̇=1	i̇=1	VERB
easat-4440	243	18	i11)-1/2∑	i11)-1/2∑	PROPN
easat-4440	243	19	𝐿𝑁	𝐿𝑁	PROPN
easat-4440	243	20	i̇=1	i̇=1	VERB
easat-4440	243	21	i12	i12	NOUN
easat-4440	243	22	(	(	PUNCT
easat-4440	243	23	10	10	NUM
easat-4440	243	24	)	)	PUNCT
easat-4440	243	25	h0	h0	NOUN
easat-4440	243	26	:	:	PUNCT
easat-4440	243	27	there	there	PRON
easat-4440	243	28	is	be	VERB
easat-4440	243	29	no	no	DET
easat-4440	243	30	cointegration	cointegration	NOUN
easat-4440	243	31	h1	h1	NOUN
easat-4440	243	32	:	:	PUNCT
easat-4440	243	33	there	there	PRON
easat-4440	243	34	is	be	VERB
easat-4440	243	35	cointegration	cointegration	NOUN
easat-4440	243	36	,	,	PUNCT
easat-4440	243	37	the	the	DET
easat-4440	243	38	equations	equation	NOUN
easat-4440	243	39	for	for	ADP
easat-4440	243	40	ga	ga	PROPN
easat-4440	243	41	and	and	CCONJ
easat-4440	243	42	gt	gt	PROPN
easat-4440	243	43	tests	test	NOUN
easat-4440	243	44	used	use	VERB
easat-4440	243	45	in	in	ADP
easat-4440	243	46	the	the	DET
easat-4440	243	47	calculation	calculation	NOUN
easat-4440	243	48	of	of	ADP
easat-4440	243	49	group	group	NOUN
easat-4440	243	50	mean	mean	PROPN
easat-4440	243	51	statistics	statistic	NOUN
easat-4440	243	52	in	in	ADP
easat-4440	243	53	the	the	DET
easat-4440	243	54	westerlund	westerlund	NOUN
easat-4440	243	55	analysis	analysis	NOUN
easat-4440	243	56	are	be	AUX
easat-4440	243	57	shown	show	VERB
easat-4440	243	58	as	as	SCONJ
easat-4440	243	59	follows	follow	VERB
easat-4440	243	60	.	.	PUNCT
easat-4440	244	1	ga=∑	ga=∑	PROPN
easat-4440	244	2	𝐿𝑖11	𝐿𝑖11	ADJ
easat-4440	244	3	2𝑁	2𝑁	NOUN
easat-4440	244	4	𝑖=1	𝑖=1	PUNCT
easat-4440	245	1	𝐿𝑖12	𝐿𝑖12	NOUN
easat-4440	245	2	(	(	PUNCT
easat-4440	245	3	11	11	NUM
easat-4440	245	4	)	)	PUNCT
easat-4440	245	5	gt=∑	gt=∑	PROPN
easat-4440	245	6	�	�	PROPN
easat-4440	245	7	̅	̅	NOUN
easat-4440	245	8	�	�	NOUN
easat-4440	245	9	𝑁	𝑁	PROPN
easat-4440	245	10	𝑖=1	𝑖=1	PROPN
easat-4440	245	11	𝐿	𝐿	PROPN
easat-4440	245	12	i̇11	i̇11	NOUN
easat-4440	245	13	−1/2	−1/2	ADJ
easat-4440	245	14	𝐿i̇12	𝐿i̇12	PUNCT
easat-4440	245	15	(	(	PUNCT
easat-4440	245	16	12	12	NUM
easat-4440	245	17	)	)	PUNCT
easat-4440	245	18	h0	h0	NOUN
easat-4440	245	19	:	:	PUNCT
easat-4440	245	20	there	there	PRON
easat-4440	245	21	is	be	VERB
easat-4440	245	22	no	no	DET
easat-4440	245	23	cointegration	cointegration	NOUN
easat-4440	245	24	for	for	SCONJ
easat-4440	245	25	all	all	DET
easat-4440	245	26	units	unit	NOUN
easat-4440	245	27	h1	h1	VERB
easat-4440	245	28	:	:	PUNCT
easat-4440	245	29	there	there	PRON
easat-4440	245	30	is	be	VERB
easat-4440	245	31	cointegration	cointegration	NOUN
easat-4440	245	32	for	for	ADP
easat-4440	245	33	some	some	DET
easat-4440	245	34	units	unit	NOUN
easat-4440	245	35	westerlund	westerlund	VERB
easat-4440	245	36	analysis	analysis	NOUN
easat-4440	245	37	results	result	NOUN
easat-4440	245	38	are	be	AUX
easat-4440	245	39	shown	show	VERB
easat-4440	245	40	in	in	ADP
easat-4440	245	41	table	table	NOUN
easat-4440	245	42	4	4	NUM
easat-4440	245	43	.	.	PUNCT
easat-4440	246	1	since	since	SCONJ
easat-4440	246	2	the	the	DET
easat-4440	246	3	slope	slope	NOUN
easat-4440	246	4	coefficient	coefficient	NOUN
easat-4440	246	5	is	be	AUX
easat-4440	246	6	heterogeneous	heterogeneous	ADJ
easat-4440	246	7	in	in	ADP
easat-4440	246	8	the	the	DET
easat-4440	246	9	models	model	NOUN
easat-4440	246	10	obtained	obtain	VERB
easat-4440	246	11	and	and	CCONJ
easat-4440	246	12	the	the	DET
easat-4440	246	13	time	time	NOUN
easat-4440	246	14	dimension	dimension	NOUN
easat-4440	246	15	of	of	ADP
easat-4440	246	16	the	the	DET
easat-4440	246	17	data	datum	NOUN
easat-4440	246	18	of	of	ADP
easat-4440	246	19	the	the	DET
easat-4440	246	20	variables	variable	NOUN
easat-4440	246	21	used	use	VERB
easat-4440	246	22	is	be	AUX
easat-4440	246	23	larger	large	ADJ
easat-4440	246	24	than	than	ADP
easat-4440	246	25	the	the	DET
easat-4440	246	26	cross	cross	NOUN
easat-4440	246	27	section	section	PROPN
easat-4440	246	28	dimension	dimension	NOUN
easat-4440	246	29	,	,	PUNCT
easat-4440	246	30	the	the	DET
easat-4440	246	31	cointegration	cointegration	NOUN
easat-4440	246	32	connection	connection	NOUN
easat-4440	246	33	between	between	ADP
easat-4440	246	34	each	each	DET
easat-4440	246	35	factor	factor	NOUN
easat-4440	246	36	is	be	AUX
easat-4440	246	37	looked	look	VERB
easat-4440	246	38	into	into	ADP
easat-4440	246	39	using	use	VERB
easat-4440	246	40	the	the	DET
easat-4440	246	41	ga	ga	PROPN
easat-4440	246	42	153	153	NUM
easat-4440	246	43	edelweiss	edelweiss	PROPN
easat-4440	246	44	applied	apply	VERB
easat-4440	246	45	science	science	NOUN
easat-4440	246	46	and	and	CCONJ
easat-4440	246	47	technology	technology	NOUN
easat-4440	246	48	issn	issn	PROPN
easat-4440	246	49	:	:	PUNCT
easat-4440	246	50	2576	2576	NUM
easat-4440	246	51	-	-	SYM
easat-4440	246	52	8484	8484	NUM
easat-4440	246	53	vol	vol	NOUN
easat-4440	246	54	.	.	PROPN
easat-4440	247	1	9	9	NUM
easat-4440	247	2	,	,	PUNCT
easat-4440	247	3	no	no	INTJ
easat-4440	247	4	.	.	NOUN
easat-4440	248	1	2	2	NUM
easat-4440	248	2	:	:	SYM
easat-4440	248	3	144	144	NUM
easat-4440	248	4	-	-	SYM
easat-4440	248	5	159	159	NUM
easat-4440	248	6	,	,	PUNCT
easat-4440	248	7	2025	2025	NUM
easat-4440	248	8	doi	doi	NOUN
easat-4440	248	9	:	:	PUNCT
easat-4440	248	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	248	11	©	©	PROPN
easat-4440	248	12	2025	2025	NUM
easat-4440	248	13	by	by	ADP
easat-4440	248	14	the	the	DET
easat-4440	248	15	author	author	NOUN
easat-4440	248	16	;	;	PUNCT
easat-4440	248	17	licensee	licensee	PROPN
easat-4440	248	18	learning	learn	VERB
easat-4440	248	19	gate	gate	PROPN
easat-4440	248	20	estimation	estimation	NOUN
easat-4440	248	21	method	method	NOUN
easat-4440	248	22	.	.	PUNCT
easat-4440	249	1	the	the	DET
easat-4440	249	2	h0	h0	PROPN
easat-4440	249	3	hypothesis	hypothesis	NOUN
easat-4440	249	4	,	,	PUNCT
easat-4440	249	5	which	which	PRON
easat-4440	249	6	is	be	AUX
easat-4440	249	7	represented	represent	VERB
easat-4440	249	8	as	as	ADP
easat-4440	249	9	no	no	DET
easat-4440	249	10	cointegration	cointegration	NOUN
easat-4440	249	11	among	among	ADP
easat-4440	249	12	the	the	DET
easat-4440	249	13	variables	variable	NOUN
easat-4440	249	14	,	,	PUNCT
easat-4440	249	15	was	be	AUX
easat-4440	249	16	ruled	rule	VERB
easat-4440	249	17	out	out	ADP
easat-4440	249	18	in	in	ADP
easat-4440	249	19	light	light	NOUN
easat-4440	249	20	of	of	ADP
easat-4440	249	21	the	the	DET
easat-4440	249	22	estimated	estimate	VERB
easat-4440	249	23	results	result	NOUN
easat-4440	249	24	,	,	PUNCT
easat-4440	249	25	and	and	CCONJ
easat-4440	249	26	it	it	PRON
easat-4440	249	27	was	be	AUX
easat-4440	249	28	determined	determine	VERB
easat-4440	249	29	to	to	PART
easat-4440	249	30	have	have	VERB
easat-4440	249	31	a	a	DET
easat-4440	249	32	cointegration	cointegration	NOUN
easat-4440	249	33	link	link	NOUN
easat-4440	249	34	between	between	ADP
easat-4440	249	35	institutional	institutional	ADJ
easat-4440	249	36	components	component	NOUN
easat-4440	249	37	and	and	CCONJ
easat-4440	249	38	epu	epu	NOUN
easat-4440	249	39	.	.	PUNCT
easat-4440	250	1	after	after	ADP
easat-4440	250	2	determining	determine	VERB
easat-4440	250	3	the	the	DET
easat-4440	250	4	long	long	ADJ
easat-4440	250	5	-	-	PUNCT
easat-4440	250	6	term	term	NOUN
easat-4440	250	7	cointegration	cointegration	NOUN
easat-4440	250	8	relationship	relationship	NOUN
easat-4440	250	9	,	,	PUNCT
easat-4440	250	10	to	to	PART
easat-4440	250	11	control	control	VERB
easat-4440	250	12	the	the	DET
easat-4440	250	13	magnitude	magnitude	NOUN
easat-4440	250	14	of	of	ADP
easat-4440	250	15	the	the	DET
easat-4440	250	16	long	long	ADJ
easat-4440	250	17	-	-	PUNCT
easat-4440	250	18	term	term	NOUN
easat-4440	250	19	relationship	relationship	NOUN
easat-4440	250	20	dependent	dependent	ADJ
easat-4440	250	21	and	and	CCONJ
easat-4440	250	22	independent	independent	ADJ
easat-4440	250	23	parameters	parameter	NOUN
easat-4440	250	24	,	,	PUNCT
easat-4440	250	25	ardl	ardl	NOUN
easat-4440	250	26	linear	linear	PROPN
easat-4440	250	27	and	and	CCONJ
easat-4440	250	28	ardl	ardl	NOUN
easat-4440	250	29	nonlinear	nonlinear	ADJ
easat-4440	250	30	estimation	estimation	NOUN
easat-4440	250	31	methods	method	NOUN
easat-4440	250	32	were	be	AUX
easat-4440	250	33	used	use	VERB
easat-4440	250	34	.	.	PUNCT
easat-4440	251	1	table	table	NOUN
easat-4440	251	2	4	4	NUM
easat-4440	251	3	.	.	PUNCT
easat-4440	251	4	westerlund	westerlund	NOUN
easat-4440	251	5	analysis	analysis	NOUN
easat-4440	251	6	results	result	NOUN
easat-4440	251	7	.	.	PUNCT
easat-4440	252	1	models	model	NOUN
easat-4440	252	2	statistics	statistic	NOUN
easat-4440	252	3	value	value	VERB
easat-4440	252	4	z	z	NOUN
easat-4440	252	5	-	-	PUNCT
easat-4440	252	6	value	value	NOUN
easat-4440	252	7	p	p	NOUN
easat-4440	252	8	-	-	PUNCT
easat-4440	252	9	value	value	NOUN
easat-4440	252	10	robust	robust	ADJ
easat-4440	252	11	p	p	NOUN
easat-4440	252	12	-	-	PUNCT
easat-4440	252	13	value	value	NOUN
easat-4440	252	14	model1	model1	NOUN
easat-4440	252	15	gt	gt	INTJ
easat-4440	252	16	-3.546	-3.546	PUNCT
easat-4440	252	17	-4.191	-4.191	PUNCT
easat-4440	252	18	0.000	0.000	NUM
easat-4440	252	19	0.000	0.000	NUM
easat-4440	252	20	*	*	PUNCT
easat-4440	252	21	ga	ga	PROPN
easat-4440	252	22	-20.258	-20.258	PROPN
easat-4440	252	23	-3.555	-3.555	PROPN
easat-4440	252	24	0.000	0.000	NUM
easat-4440	252	25	0.000	0.000	NUM
easat-4440	252	26	*	*	PUNCT
easat-4440	253	1	model2	model2	NOUN
easat-4440	253	2	gt	gt	INTJ
easat-4440	253	3	-3.774	-3.774	PUNCT
easat-4440	253	4	-4.993	-4.993	PUNCT
easat-4440	253	5	0.000	0.000	NUM
easat-4440	253	6	0.130	0.130	NUM
easat-4440	253	7	ga	ga	NOUN
easat-4440	254	1	-22.034	-22.034	NOUN
easat-4440	254	2	-4.310	-4.310	PUNCT
easat-4440	254	3	0.000	0.000	NUM
easat-4440	254	4	0.045	0.045	NUM
easat-4440	254	5	*	*	PUNCT
easat-4440	254	6	model3	model3	PROPN
easat-4440	254	7	gt	gt	PROPN
easat-4440	254	8	-4.072	-4.072	NOUN
easat-4440	254	9	-6.044	-6.044	PUNCT
easat-4440	255	1	0.000	0.000	NUM
easat-4440	255	2	0.000	0.000	NUM
easat-4440	255	3	*	*	PUNCT
easat-4440	255	4	ga	ga	PROPN
easat-4440	255	5	-22.977	-22.977	INTJ
easat-4440	255	6	-4.711	-4.711	PUNCT
easat-4440	256	1	0.000	0.000	NUM
easat-4440	256	2	0.000	0.000	NUM
easat-4440	256	3	*	*	PUNCT
easat-4440	256	4	model4	model4	NOUN
easat-4440	256	5	gt	gt	PROPN
easat-4440	256	6	-4.346	-4.346	ADJ
easat-4440	256	7	-7.009	-7.009	PUNCT
easat-4440	256	8	0.000	0.000	NUM
easat-4440	256	9	0.020	0.020	NUM
easat-4440	256	10	*	*	PUNCT
easat-4440	256	11	ga	ga	PROPN
easat-4440	256	12	-23.630	-23.630	NOUN
easat-4440	256	13	-4.988	-4.988	PUNCT
easat-4440	257	1	0.000	0.000	NUM
easat-4440	257	2	0.010	0.010	NUM
easat-4440	257	3	*	*	PUNCT
easat-4440	257	4	model5	model5	X
easat-4440	257	5	gt	gt	PROPN
easat-4440	257	6	-3.489	-3.489	PROPN
easat-4440	258	1	-3.989	-3.989	PROPN
easat-4440	258	2	0.000	0.000	NUM
easat-4440	258	3	0.350	0.350	NUM
easat-4440	258	4	ga	ga	PROPN
easat-4440	259	1	-19.734	-19.734	PRON
easat-4440	259	2	-3.332	-3.332	X
easat-4440	260	1	0.000	0.000	NUM
easat-4440	260	2	0.000	0.000	NUM
easat-4440	260	3	*	*	PUNCT
easat-4440	261	1	model6	model6	NOUN
easat-4440	261	2	gt	gt	INTJ
easat-4440	262	1	-3.454	-3.454	INTJ
easat-4440	262	2	-3.866	-3.866	NOUN
easat-4440	263	1	0.000	0.000	NUM
easat-4440	263	2	0.225	0.225	NUM
easat-4440	263	3	ga	ga	NOUN
easat-4440	263	4	-22.787	-22.787	INTJ
easat-4440	263	5	-4.630	-4.630	NOUN
easat-4440	263	6	0.000	0.000	NUM
easat-4440	263	7	0.047	0.047	NUM
easat-4440	263	8	*	*	PUNCT
easat-4440	263	9	note	note	NOUN
easat-4440	263	10	:	:	PUNCT
easat-4440	263	11	*	*	PUNCT
easat-4440	263	12	denotes	denote	NOUN
easat-4440	263	13	statistical	statistical	ADJ
easat-4440	263	14	significance	significance	NOUN
easat-4440	263	15	at	at	ADP
easat-4440	263	16	the	the	DET
easat-4440	263	17	5	5	NUM
easat-4440	263	18	%	%	NOUN
easat-4440	263	19	level	level	NOUN
easat-4440	263	20	.	.	PUNCT
easat-4440	264	1	4.2.3	4.2.3	X
easat-4440	264	2	.	.	PUNCT
easat-4440	265	1	ardl	ardl	PROPN
easat-4440	265	2	linear	linear	PROPN
easat-4440	265	3	and	and	CCONJ
easat-4440	265	4	nonliear	nonliear	ADJ
easat-4440	265	5	analysis	analysis	NOUN
easat-4440	265	6	ardl	ardl	PROPN
easat-4440	265	7	linear	linear	PROPN
easat-4440	265	8	cointegration	cointegration	NOUN
easat-4440	265	9	analysis	analysis	NOUN
easat-4440	265	10	is	be	AUX
easat-4440	265	11	an	an	DET
easat-4440	265	12	analysis	analysis	NOUN
easat-4440	265	13	method	method	NOUN
easat-4440	265	14	that	that	PRON
easat-4440	265	15	allows	allow	VERB
easat-4440	265	16	coefficient	coefficient	NOUN
easat-4440	265	17	estimation	estimation	NOUN
easat-4440	265	18	in	in	ADP
easat-4440	265	19	the	the	DET
easat-4440	265	20	long	long	ADJ
easat-4440	265	21	and	and	CCONJ
easat-4440	265	22	short	short	ADJ
easat-4440	265	23	term	term	NOUN
easat-4440	265	24	while	while	SCONJ
easat-4440	265	25	the	the	DET
easat-4440	265	26	parameters	parameter	NOUN
easat-4440	265	27	utilized	utilize	VERB
easat-4440	265	28	in	in	ADP
easat-4440	265	29	the	the	DET
easat-4440	265	30	model	model	NOUN
easat-4440	265	31	are	be	AUX
easat-4440	265	32	stationary	stationary	ADJ
easat-4440	265	33	at	at	ADP
easat-4440	265	34	i	i	PROPN
easat-4440	265	35	(	(	PUNCT
easat-4440	265	36	0	0	NUM
easat-4440	265	37	)	)	PUNCT
easat-4440	265	38	or	or	CCONJ
easat-4440	265	39	i	i	PRON
easat-4440	265	40	(	(	PUNCT
easat-4440	265	41	1	1	NUM
easat-4440	265	42	)	)	PUNCT
easat-4440	265	43	level	level	NOUN
easat-4440	265	44	.	.	PUNCT
easat-4440	266	1	the	the	DET
easat-4440	266	2	panel	panel	NOUN
easat-4440	266	3	ardl	ardl	NOUN
easat-4440	266	4	model	model	NOUN
easat-4440	266	5	makes	make	VERB
easat-4440	266	6	full	full	ADJ
easat-4440	266	7	use	use	NOUN
easat-4440	266	8	of	of	ADP
easat-4440	266	9	the	the	DET
easat-4440	266	10	lag	lag	NOUN
easat-4440	266	11	length	length	NOUN
easat-4440	266	12	to	to	PART
easat-4440	266	13	assess	assess	VERB
easat-4440	266	14	the	the	DET
easat-4440	266	15	longand	longand	NOUN
easat-4440	266	16	short	short	ADJ
easat-4440	266	17	-	-	PUNCT
easat-4440	266	18	term	term	NOUN
easat-4440	266	19	regression	regression	NOUN
easat-4440	266	20	linkage	linkage	NOUN
easat-4440	266	21	among	among	ADP
easat-4440	266	22	parameters	parameter	NOUN
easat-4440	266	23	without	without	ADP
easat-4440	266	24	limiting	limit	VERB
easat-4440	266	25	the	the	DET
easat-4440	266	26	sample	sample	NOUN
easat-4440	266	27	size	size	NOUN
easat-4440	266	28	[	[	X
easat-4440	266	29	31	31	NUM
easat-4440	266	30	,	,	PUNCT
easat-4440	266	31	42	42	NUM
easat-4440	266	32	]	]	PUNCT
easat-4440	266	33	.	.	PUNCT
easat-4440	267	1	ardl	ardl	PROPN
easat-4440	267	2	linear	linear	PROPN
easat-4440	267	3	cointegration	cointegration	NOUN
easat-4440	267	4	analysis	analysis	NOUN
easat-4440	267	5	includes	include	VERB
easat-4440	267	6	pmg	pmg	PROPN
easat-4440	267	7	(	(	PUNCT
easat-4440	267	8	pooled	pool	VERB
easat-4440	267	9	mean	mean	NOUN
easat-4440	267	10	group	group	NOUN
easat-4440	267	11	)	)	PUNCT
easat-4440	267	12	and	and	CCONJ
easat-4440	267	13	mg	mg	PROPN
easat-4440	267	14	(	(	PUNCT
easat-4440	267	15	mean	mean	NOUN
easat-4440	267	16	group	group	NOUN
easat-4440	267	17	)	)	PUNCT
easat-4440	267	18	techniques	technique	NOUN
easat-4440	267	19	for	for	ADP
easat-4440	267	20	estimating	estimate	VERB
easat-4440	267	21	.	.	PUNCT
easat-4440	268	1	the	the	DET
easat-4440	268	2	ardl	ardl	NOUN
easat-4440	268	3	model	model	NOUN
easat-4440	268	4	is	be	AUX
easat-4440	268	5	shown	show	VERB
easat-4440	268	6	as	as	SCONJ
easat-4440	268	7	follows	follow	VERB
easat-4440	268	8	.	.	PUNCT
easat-4440	269	1	𝑦𝑖𝑡=∑	𝑦𝑖𝑡=∑	PROPN
easat-4440	269	2	𝜆𝑖𝑗𝑦𝑖,𝑖−𝑗	𝜆𝑖𝑗𝑦𝑖,𝑖−𝑗	X
easat-4440	269	3	𝜌	𝜌	X
easat-4440	269	4	𝑗=1	𝑗=1	PROPN
easat-4440	270	1	+	+	PROPN
easat-4440	270	2	∑	∑	PROPN
easat-4440	270	3	𝛿	𝛿	ADJ
easat-4440	270	4	𝑞	𝑞	X
easat-4440	270	5	𝑗=0	𝑗=0	PROPN
easat-4440	270	6	ijxi	ijxi	PROPN
easat-4440	270	7	,	,	PUNCT
easat-4440	270	8	t	t	PROPN
easat-4440	270	9	-	-	PUNCT
easat-4440	270	10	j+𝜇𝑡	j+𝜇𝑡	PROPN
easat-4440	271	1	+	+	CCONJ
easat-4440	271	2	ɛ𝑖𝑡	ɛ𝑖𝑡	PROPN
easat-4440	271	3	(	(	PUNCT
easat-4440	271	4	13	13	NUM
easat-4440	271	5	)	)	PUNCT
easat-4440	271	6	i=1,2,	i=1,2,	NOUN
easat-4440	271	7	…	…	SYM
easat-4440	271	8	.n	.n	ADJ
easat-4440	271	9	,	,	PUNCT
easat-4440	271	10	t=1,2.3	t=1,2.3	NUM
easat-4440	271	11	…	…	SYM
easat-4440	271	12	.t	.t	PROPN
easat-4440	271	13	xit	xit	PROPN
easat-4440	271	14	is	be	AUX
easat-4440	271	15	a	a	DET
easat-4440	271	16	vector	vector	NOUN
easat-4440	271	17	of	of	ADP
easat-4440	271	18	k*1	k*1	ADJ
easat-4440	271	19	regressors	regressor	NOUN
easat-4440	271	20	,	,	PUNCT
easat-4440	271	21	𝜆𝑖𝑗	𝜆𝑖𝑗	NOUN
easat-4440	271	22	is	be	AUX
easat-4440	271	23	a	a	DET
easat-4440	271	24	scalar	scalar	ADJ
easat-4440	271	25	,	,	PUNCT
easat-4440	271	26	𝜇𝑡	𝜇𝑡	X
easat-4440	271	27	is	be	AUX
easat-4440	271	28	a	a	DET
easat-4440	271	29	group	group	NOUN
easat-4440	271	30	-	-	PUNCT
easat-4440	271	31	specific	specific	ADJ
easat-4440	271	32	effect	effect	NOUN
easat-4440	271	33	.	.	PUNCT
easat-4440	272	1	mg	mg	PROPN
easat-4440	272	2	is	be	AUX
easat-4440	272	3	more	more	ADV
easat-4440	272	4	advantageous	advantageous	ADJ
easat-4440	272	5	than	than	ADP
easat-4440	272	6	pmg	pmg	NOUN
easat-4440	272	7	analysis	analysis	NOUN
easat-4440	272	8	because	because	SCONJ
easat-4440	272	9	it	it	PRON
easat-4440	272	10	gives	give	VERB
easat-4440	272	11	cointegration	cointegration	NOUN
easat-4440	272	12	analysis	analysis	NOUN
easat-4440	272	13	,	,	PUNCT
easat-4440	272	14	separate	separate	ADJ
easat-4440	272	15	regression	regression	NOUN
easat-4440	272	16	analysis	analysis	NOUN
easat-4440	272	17	for	for	ADP
easat-4440	272	18	each	each	DET
easat-4440	272	19	country	country	NOUN
easat-4440	272	20	and	and	CCONJ
easat-4440	272	21	coefficients	coefficient	NOUN
easat-4440	272	22	in	in	ADP
easat-4440	272	23	the	the	DET
easat-4440	272	24	long	long	ADJ
easat-4440	272	25	and	and	CCONJ
easat-4440	272	26	short	short	ADJ
easat-4440	272	27	term	term	NOUN
easat-4440	272	28	[	[	X
easat-4440	272	29	31	31	NUM
easat-4440	272	30	]	]	PUNCT
easat-4440	272	31	.	.	PUNCT
easat-4440	273	1	the	the	DET
easat-4440	273	2	estimation	estimation	NOUN
easat-4440	273	3	equation	equation	NOUN
easat-4440	273	4	of	of	ADP
easat-4440	273	5	the	the	DET
easat-4440	273	6	mg	mg	PROPN
easat-4440	273	7	analysis	analysis	NOUN
easat-4440	273	8	is	be	AUX
easat-4440	273	9	expressed	express	VERB
easat-4440	273	10	as	as	SCONJ
easat-4440	273	11	follows	follow	VERB
easat-4440	273	12	.	.	PUNCT
easat-4440	274	1	𝜃	𝜃	X
easat-4440	274	2	=	=	PUNCT
easat-4440	274	3	(	(	PUNCT
easat-4440	274	4	1	1	NUM
easat-4440	274	5	𝑁	𝑁	PROPN
easat-4440	274	6	)	)	PUNCT
easat-4440	274	7	∑	∑	PUNCT
easat-4440	274	8	𝜃𝑖𝑁	𝜃𝑖𝑁	NUM
easat-4440	274	9	𝑖=𝑗	𝑖=𝑗	PROPN
easat-4440	274	10	�	�	PROPN
easat-4440	274	11	̂	̂	NOUN
easat-4440	274	12	�	�	NOUN
easat-4440	274	13	=	=	SYM
easat-4440	274	14	1	1	NUM
easat-4440	274	15	𝑁	𝑁	PROPN
easat-4440	274	16	∑	∑	PROPN
easat-4440	274	17	𝛼𝑖	𝛼𝑖	PROPN
easat-4440	274	18	𝑁	𝑁	PROPN
easat-4440	274	19	𝑖=𝑗	𝑖=𝑗	PROPN
easat-4440	274	20	(	(	PUNCT
easat-4440	274	21	14	14	NUM
easat-4440	274	22	)	)	PUNCT
easat-4440	274	23	t=1,2	t=1,2	PROPN
easat-4440	274	24	…	…	SYM
easat-4440	274	25	t	t	PROPN
easat-4440	274	26	,	,	PUNCT
easat-4440	274	27	i=1,	i=1,	PROPN
easat-4440	274	28	…	…	NUM
easat-4440	274	29	.n	.n	NOUN
easat-4440	275	1	the	the	DET
easat-4440	275	2	pmg	pmg	PROPN
easat-4440	275	3	estimation	estimation	NOUN
easat-4440	275	4	method	method	NOUN
easat-4440	275	5	is	be	AUX
easat-4440	275	6	an	an	DET
easat-4440	275	7	ardl	ardl	NOUN
easat-4440	275	8	cointegration	cointegration	NOUN
easat-4440	275	9	analysis	analysis	NOUN
easat-4440	275	10	technique	technique	NOUN
easat-4440	275	11	that	that	PRON
easat-4440	275	12	forbids	forbid	VERB
easat-4440	275	13	the	the	DET
easat-4440	275	14	production	production	NOUN
easat-4440	275	15	of	of	ADP
easat-4440	275	16	short	short	ADJ
easat-4440	275	17	-	-	PUNCT
easat-4440	275	18	term	term	NOUN
easat-4440	275	19	coefficients	coefficient	NOUN
easat-4440	275	20	and	and	CCONJ
easat-4440	275	21	error	error	NOUN
easat-4440	275	22	variances	variance	NOUN
easat-4440	275	23	that	that	PRON
easat-4440	275	24	diverge	diverge	VERB
easat-4440	275	25	between	between	ADP
easat-4440	275	26	groups	group	NOUN
easat-4440	275	27	while	while	SCONJ
easat-4440	275	28	paving	pave	VERB
easat-4440	275	29	the	the	DET
easat-4440	275	30	way	way	NOUN
easat-4440	275	31	for	for	SCONJ
easat-4440	275	32	the	the	DET
easat-4440	275	33	long	long	ADJ
easat-4440	275	34	-	-	PUNCT
easat-4440	275	35	range	range	NOUN
easat-4440	275	36	coefficients	coefficient	NOUN
easat-4440	275	37	to	to	PART
easat-4440	275	38	be	be	AUX
easat-4440	275	39	hindered	hinder	VERB
easat-4440	275	40	to	to	PART
easat-4440	275	41	remain	remain	VERB
easat-4440	275	42	the	the	DET
easat-4440	275	43	same	same	ADJ
easat-4440	275	44	[	[	X
easat-4440	275	45	42	42	NUM
easat-4440	275	46	]	]	PUNCT
easat-4440	275	47	.	.	PUNCT
easat-4440	276	1	the	the	DET
easat-4440	276	2	estimation	estimation	NOUN
easat-4440	276	3	equation	equation	NOUN
easat-4440	276	4	of	of	ADP
easat-4440	276	5	the	the	DET
easat-4440	276	6	pmg	pmg	PROPN
easat-4440	276	7	analysis	analysis	NOUN
easat-4440	276	8	is	be	AUX
easat-4440	276	9	expressed	express	VERB
easat-4440	276	10	as	as	SCONJ
easat-4440	276	11	follows	follow	VERB
easat-4440	276	12	.	.	PUNCT
easat-4440	277	1	∆𝑌𝑖𝑡=∅𝑖𝑡(𝑌𝑖,𝑡−1-𝛽𝑖𝑋𝑖,𝑡−1)+∑	∆𝑌𝑖𝑡=∅𝑖𝑡(𝑌𝑖,𝑡−1-𝛽𝑖𝑋𝑖,𝑡−1)+∑	DET
easat-4440	277	2	𝛾𝛾	𝛾𝛾	ADP
easat-4440	277	3	𝑖𝑝−1	𝑖𝑝−1	ADP
easat-4440	277	4	𝑗=1	𝑗=1	PUNCT
easat-4440	277	5	∆𝑌𝑖,𝑖−𝑗	∆𝑌𝑖,𝑖−𝑗	NOUN
easat-4440	278	1	+	+	CCONJ
easat-4440	278	2	∑	∑	PROPN
easat-4440	278	3	𝛿𝑦	𝛿𝑦	PROPN
easat-4440	278	4	𝑖𝑞−1	𝑖𝑞−1	PROPN
easat-4440	278	5	𝑗=0	𝑗=0	PUNCT
easat-4440	279	1	∆𝑋𝑖,𝑡−𝑗+𝜇𝑖+휀𝑖𝑡	∆𝑋𝑖,𝑡−𝑗+𝜇𝑖+휀𝑖𝑡	PROPN
easat-4440	279	2	(	(	PUNCT
easat-4440	279	3	15	15	NUM
easat-4440	279	4	)	)	PUNCT
easat-4440	279	5	𝛽𝑖=	𝛽𝑖=	ADJ
easat-4440	279	6	long	long	ADV
easat-4440	279	7	-	-	PUNCT
easat-4440	279	8	run	run	VERB
easat-4440	279	9	slope	slope	NOUN
easat-4440	279	10	parameter	parameter	NOUN
easat-4440	279	11	,	,	PUNCT
easat-4440	279	12	∅𝒊𝒕	∅𝒊𝒕	NOUN
easat-4440	279	13	=	=	NOUN
easat-4440	279	14	error	error	NOUN
easat-4440	279	15	correction	correction	NOUN
easat-4440	279	16	run	run	VERB
easat-4440	279	17	𝑋𝑖,𝑡−1	𝑋𝑖,𝑡−1	NOUN
easat-4440	279	18	=	=	SYM
easat-4440	279	19	vector	vector	NOUN
easat-4440	279	20	of	of	ADP
easat-4440	279	21	explanatory	explanatory	ADJ
easat-4440	279	22	variables	variable	NOUN
easat-4440	279	23	154	154	NUM
easat-4440	279	24	edelweiss	edelweiss	PROPN
easat-4440	279	25	applied	apply	VERB
easat-4440	279	26	science	science	NOUN
easat-4440	279	27	and	and	CCONJ
easat-4440	279	28	technology	technology	NOUN
easat-4440	279	29	issn	issn	PROPN
easat-4440	279	30	:	:	PUNCT
easat-4440	279	31	2576	2576	NUM
easat-4440	279	32	-	-	SYM
easat-4440	279	33	8484	8484	NUM
easat-4440	279	34	vol	vol	NOUN
easat-4440	279	35	.	.	PROPN
easat-4440	280	1	9	9	NUM
easat-4440	280	2	,	,	PUNCT
easat-4440	280	3	no	no	INTJ
easat-4440	280	4	.	.	NOUN
easat-4440	281	1	2	2	NUM
easat-4440	281	2	:	:	SYM
easat-4440	281	3	144	144	NUM
easat-4440	281	4	-	-	SYM
easat-4440	281	5	159	159	NUM
easat-4440	281	6	,	,	PUNCT
easat-4440	281	7	2025	2025	NUM
easat-4440	281	8	doi	doi	NOUN
easat-4440	281	9	:	:	PUNCT
easat-4440	281	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	281	11	©	©	PROPN
easat-4440	281	12	2025	2025	NUM
easat-4440	281	13	by	by	ADP
easat-4440	281	14	the	the	DET
easat-4440	281	15	author	author	NOUN
easat-4440	281	16	;	;	PUNCT
easat-4440	281	17	licensee	licensee	NOUN
easat-4440	281	18	learning	learn	VERB
easat-4440	281	19	gate	gate	NOUN
easat-4440	281	20	𝜇𝑖	𝜇𝑖	ADP
easat-4440	281	21	fixed	fix	VERB
easat-4440	281	22	effects	effect	NOUN
easat-4440	281	23	,	,	PUNCT
easat-4440	281	24	p	p	X
easat-4440	281	25	,	,	PUNCT
easat-4440	281	26	and	and	CCONJ
easat-4440	281	27	q	q	NOUN
easat-4440	281	28	are	be	AUX
easat-4440	281	29	the	the	DET
easat-4440	281	30	appropriate	appropriate	ADJ
easat-4440	281	31	lag	lag	NOUN
easat-4440	281	32	lengths	length	NOUN
easat-4440	281	33	of	of	ADP
easat-4440	281	34	the	the	DET
easat-4440	281	35	variables	variable	NOUN
easat-4440	281	36	designated	designate	VERB
easat-4440	281	37	to	to	PART
easat-4440	281	38	comply	comply	VERB
easat-4440	281	39	with	with	ADP
easat-4440	281	40	formation	formation	NOUN
easat-4440	281	41	criteria	criterion	NOUN
easat-4440	281	42	.	.	PUNCT
easat-4440	282	1	findings	finding	NOUN
easat-4440	282	2	of	of	ADP
easat-4440	282	3	the	the	DET
easat-4440	282	4	ardl	ardl	NOUN
easat-4440	282	5	linear	linear	PROPN
easat-4440	282	6	analysis	analysis	NOUN
easat-4440	282	7	appear	appear	VERB
easat-4440	282	8	in	in	ADP
easat-4440	282	9	table	table	NOUN
easat-4440	282	10	5	5	NUM
easat-4440	282	11	.	.	PUNCT
easat-4440	282	12	to	to	PART
easat-4440	282	13	be	be	AUX
easat-4440	282	14	able	able	ADJ
easat-4440	282	15	to	to	PART
easat-4440	282	16	establish	establish	VERB
easat-4440	282	17	the	the	DET
easat-4440	282	18	direction	direction	NOUN
easat-4440	282	19	in	in	ADP
easat-4440	282	20	which	which	PRON
easat-4440	282	21	all	all	DET
easat-4440	282	22	the	the	DET
easat-4440	282	23	components	component	NOUN
easat-4440	282	24	interact	interact	VERB
easat-4440	282	25	,	,	PUNCT
easat-4440	282	26	mg	mg	PROPN
easat-4440	282	27	and	and	CCONJ
easat-4440	282	28	pmg	pmg	PROPN
easat-4440	282	29	estimation	estimation	NOUN
easat-4440	282	30	methods	method	NOUN
easat-4440	282	31	were	be	AUX
easat-4440	282	32	used	use	VERB
easat-4440	282	33	under	under	ADP
easat-4440	282	34	ardl	ardl	PROPN
easat-4440	282	35	linear	linear	PROPN
easat-4440	282	36	analysis	analysis	NOUN
easat-4440	282	37	.	.	PUNCT
easat-4440	283	1	according	accord	VERB
easat-4440	283	2	to	to	ADP
easat-4440	283	3	the	the	DET
easat-4440	283	4	results	result	NOUN
easat-4440	283	5	obtained	obtain	VERB
easat-4440	283	6	from	from	ADP
easat-4440	283	7	the	the	DET
easat-4440	283	8	table	table	NOUN
easat-4440	283	9	,	,	PUNCT
easat-4440	283	10	the	the	DET
easat-4440	283	11	hausman	hausman	PROPN
easat-4440	283	12	test	test	NOUN
easat-4440	283	13	shows	show	VERB
easat-4440	283	14	that	that	SCONJ
easat-4440	283	15	the	the	DET
easat-4440	283	16	pmg	pmg	PROPN
easat-4440	283	17	estimation	estimation	NOUN
easat-4440	283	18	method	method	NOUN
easat-4440	283	19	gives	give	VERB
easat-4440	283	20	more	more	ADV
easat-4440	283	21	accurate	accurate	ADJ
easat-4440	283	22	results	result	NOUN
easat-4440	283	23	in	in	ADP
easat-4440	283	24	all	all	DET
easat-4440	283	25	models	model	NOUN
easat-4440	283	26	.	.	PUNCT
easat-4440	284	1	according	accord	VERB
easat-4440	284	2	to	to	ADP
easat-4440	284	3	the	the	DET
easat-4440	284	4	pmg	pmg	PROPN
easat-4440	284	5	estimation	estimation	NOUN
easat-4440	284	6	results	result	NOUN
easat-4440	284	7	in	in	ADP
easat-4440	284	8	table	table	NOUN
easat-4440	284	9	5	5	NUM
easat-4440	284	10	,	,	PUNCT
easat-4440	284	11	cc	cc	NOUN
easat-4440	284	12	,	,	PUNCT
easat-4440	284	13	psav	psav	NOUN
easat-4440	284	14	,	,	PUNCT
easat-4440	284	15	and	and	CCONJ
easat-4440	284	16	va	va	PROPN
easat-4440	284	17	variables	variable	NOUN
easat-4440	284	18	are	be	AUX
easat-4440	284	19	observed	observe	VERB
easat-4440	284	20	to	to	PART
easat-4440	284	21	have	have	VERB
easat-4440	284	22	a	a	DET
easat-4440	284	23	long	long	ADJ
easat-4440	284	24	-	-	PUNCT
easat-4440	284	25	term	term	NOUN
easat-4440	284	26	,	,	PUNCT
easat-4440	284	27	relevant	relevant	ADJ
easat-4440	284	28	adverse	adverse	ADJ
easat-4440	284	29	effect	effect	NOUN
easat-4440	284	30	on	on	ADP
easat-4440	284	31	epu	epu	PROPN
easat-4440	284	32	.	.	PUNCT
easat-4440	285	1	in	in	ADP
easat-4440	285	2	the	the	DET
easat-4440	285	3	short	short	ADJ
easat-4440	285	4	run	run	NOUN
easat-4440	285	5	,	,	PUNCT
easat-4440	285	6	the	the	DET
easat-4440	285	7	effect	effect	NOUN
easat-4440	285	8	of	of	ADP
easat-4440	285	9	rq	rq	VERB
easat-4440	285	10	variable	variable	NOUN
easat-4440	285	11	on	on	ADP
easat-4440	285	12	epu	epu	PROPN
easat-4440	285	13	is	be	AUX
easat-4440	285	14	negative	negative	ADJ
easat-4440	285	15	,	,	PUNCT
easat-4440	285	16	while	while	SCONJ
easat-4440	285	17	the	the	DET
easat-4440	285	18	cc	cc	PROPN
easat-4440	285	19	variable	variable	NOUN
easat-4440	285	20	is	be	AUX
easat-4440	285	21	positive	positive	ADJ
easat-4440	285	22	.	.	PUNCT
easat-4440	286	1	table	table	NOUN
easat-4440	286	2	5	5	NUM
easat-4440	286	3	.	.	PUNCT
easat-4440	287	1	ardl	ardl	PROPN
easat-4440	287	2	linear	linear	PROPN
easat-4440	287	3	analysis	analysis	NOUN
easat-4440	287	4	.	.	PUNCT
easat-4440	288	1	dependent	dependent	ADJ
easat-4440	288	2	variable	variable	NOUN
easat-4440	288	3	:	:	PUNCT
easat-4440	288	4	epu	epu	PROPN
easat-4440	288	5	mg	mg	PROPN
easat-4440	288	6	pmg	pmg	PROPN
easat-4440	288	7	hausman	hausman	PROPN
easat-4440	288	8	tests	test	VERB
easat-4440	288	9	results	result	NOUN
easat-4440	288	10	(	(	PUNCT
easat-4440	288	11	mg	mg	PROPN
easat-4440	288	12	vs	vs	ADP
easat-4440	288	13	pmg	pmg	PROPN
easat-4440	288	14	)	)	PUNCT
easat-4440	288	15	model1	model1	VERB
easat-4440	288	16	long	long	ADV
easat-4440	288	17	-	-	PUNCT
easat-4440	288	18	run	run	VERB
easat-4440	288	19	cc	cc	NOUN
easat-4440	288	20	0.090(0.981	0.090(0.981	NOUN
easat-4440	288	21	)	)	PUNCT
easat-4440	288	22	-2.146(0.021	-2.146(0.021	NOUN
easat-4440	288	23	)	)	PUNCT
easat-4440	288	24	*	*	PUNCT
easat-4440	288	25	x2=0.78	x2=0.78	X
easat-4440	288	26	(	(	PUNCT
easat-4440	288	27	0.6767	0.6767	NUM
easat-4440	288	28	)	)	PUNCT
easat-4440	288	29	gdp	gdp	NOUN
easat-4440	288	30	3.104	3.104	NUM
easat-4440	288	31	(	(	PUNCT
easat-4440	288	32	0.108	0.108	NUM
easat-4440	288	33	)	)	PUNCT
easat-4440	288	34	2.044(0.000	2.044(0.000	NUM
easat-4440	288	35	)	)	PUNCT
easat-4440	288	36	short	short	ADJ
easat-4440	288	37	-	-	PUNCT
easat-4440	288	38	run	run	NOUN
easat-4440	288	39	cc	cc	NOUN
easat-4440	288	40	2.833(0.497	2.833(0.497	NUM
easat-4440	288	41	)	)	PUNCT
easat-4440	288	42	2.142(0.021	2.142(0.021	NUM
easat-4440	288	43	)	)	PUNCT
easat-4440	288	44	*	*	PROPN
easat-4440	288	45	gdp	gdp	NOUN
easat-4440	288	46	-1.483(0.000	-1.483(0.000	PUNCT
easat-4440	288	47	)	)	PUNCT
easat-4440	288	48	2.044(0.000	2.044(0.000	NUM
easat-4440	288	49	)	)	PUNCT
easat-4440	288	50	ect	ect	X
easat-4440	288	51	-0.446(0.000	-0.446(0.000	NOUN
easat-4440	288	52	)	)	PUNCT
easat-4440	288	53	-0.331(0.000	-0.331(0.000	PUNCT
easat-4440	288	54	)	)	PUNCT
easat-4440	288	55	model2	model2	NOUN
easat-4440	289	1	long	long	ADV
easat-4440	289	2	-	-	PUNCT
easat-4440	289	3	run	run	NOUN
easat-4440	289	4	ge	ge	PROPN
easat-4440	289	5	0.268(0.954	0.268(0.954	PROPN
easat-4440	289	6	)	)	PUNCT
easat-4440	289	7	-1.034(0.401	-1.034(0.401	PRON
easat-4440	289	8	)	)	PUNCT
easat-4440	289	9	x2=0.99	x2=0.99	NOUN
easat-4440	289	10	(	(	PUNCT
easat-4440	289	11	0.6096	0.6096	NUM
easat-4440	289	12	)	)	PUNCT
easat-4440	289	13	gdp	gdp	NOUN
easat-4440	289	14	4.157(0.026	4.157(0.026	NOUN
easat-4440	289	15	)	)	PUNCT
easat-4440	289	16	2.250(0.000	2.250(0.000	NUM
easat-4440	289	17	)	)	PUNCT
easat-4440	289	18	short	short	ADJ
easat-4440	289	19	-	-	PUNCT
easat-4440	289	20	run	run	NOUN
easat-4440	289	21	ge	ge	PROPN
easat-4440	289	22	-0.143(0.905	-0.143(0.905	NOUN
easat-4440	289	23	)	)	PUNCT
easat-4440	289	24	-0.686(0.477	-0.686(0.477	NUM
easat-4440	289	25	)	)	PUNCT
easat-4440	289	26	gdp	gdp	NOUN
easat-4440	289	27	-1.909(0.000	-1.909(0.000	NOUN
easat-4440	289	28	)	)	PUNCT
easat-4440	289	29	-1.548(0.000	-1.548(0.000	PUNCT
easat-4440	289	30	)	)	PUNCT
easat-4440	289	31	ect	ect	X
easat-4440	289	32	-0.451(0.000	-0.451(0.000	SYM
easat-4440	289	33	)	)	PUNCT
easat-4440	289	34	-0.303(0.000	-0.303(0.000	ADJ
easat-4440	289	35	)	)	PUNCT
easat-4440	289	36	model3	model3	ADJ
easat-4440	289	37	long	long	ADJ
easat-4440	289	38	-	-	PUNCT
easat-4440	289	39	run	run	VERB
easat-4440	289	40	psav	psav	NOUN
easat-4440	289	41	-0.426(0.466	-0.426(0.466	NOUN
easat-4440	289	42	)	)	PUNCT
easat-4440	289	43	-1.296(0.000	-1.296(0.000	NUM
easat-4440	289	44	)	)	PUNCT
easat-4440	289	45	*	*	PUNCT
easat-4440	289	46	x2=2.32	x2=2.32	X
easat-4440	289	47	(	(	PUNCT
easat-4440	289	48	0.3142	0.3142	NUM
easat-4440	289	49	)	)	PUNCT
easat-4440	289	50	gdp	gdp	NOUN
easat-4440	289	51	3.453(0.039	3.453(0.039	NOUN
easat-4440	289	52	)	)	PUNCT
easat-4440	289	53	1.429(0.000	1.429(0.000	NUM
easat-4440	289	54	)	)	PUNCT
easat-4440	289	55	short	short	ADJ
easat-4440	289	56	-	-	PUNCT
easat-4440	289	57	run	run	NOUN
easat-4440	289	58	psav	psav	NOUN
easat-4440	289	59	0.185(0.352	0.185(0.352	NUM
easat-4440	289	60	)	)	PUNCT
easat-4440	289	61	0.240(0.111	0.240(0.111	PROPN
easat-4440	289	62	)	)	PUNCT
easat-4440	289	63	gdp	gdp	NOUN
easat-4440	289	64	-1.949(0.000	-1.949(0.000	PUNCT
easat-4440	289	65	)	)	PUNCT
easat-4440	289	66	-1.615(0.002	-1.615(0.002	PUNCT
easat-4440	289	67	)	)	PUNCT
easat-4440	289	68	ect	ect	VERB
easat-4440	289	69	-0.484(0.000	-0.484(0.000	PRON
easat-4440	289	70	)	)	PUNCT
easat-4440	289	71	-0.340(0.000	-0.340(0.000	PUNCT
easat-4440	289	72	)	)	PUNCT
easat-4440	289	73	model4	model4	NOUN
easat-4440	289	74	long	long	ADV
easat-4440	289	75	-	-	PUNCT
easat-4440	289	76	run	run	VERB
easat-4440	289	77	rq	rq	NOUN
easat-4440	289	78	1.615(0.204	1.615(0.204	NUM
easat-4440	289	79	)	)	PUNCT
easat-4440	289	80	2.873(0.035	2.873(0.035	NOUN
easat-4440	289	81	)	)	PUNCT
easat-4440	289	82	*	*	PUNCT
easat-4440	289	83	x2=0.75	x2=0.75	PROPN
easat-4440	289	84	(	(	PUNCT
easat-4440	289	85	0.6863	0.6863	NUM
easat-4440	289	86	)	)	PUNCT
easat-4440	289	87	gdp	gdp	NOUN
easat-4440	289	88	3.143(0.083	3.143(0.083	NOUN
easat-4440	289	89	)	)	PUNCT
easat-4440	289	90	1.813(0.000	1.813(0.000	NUM
easat-4440	289	91	)	)	PUNCT
easat-4440	289	92	short	short	ADJ
easat-4440	289	93	-	-	PUNCT
easat-4440	289	94	run	run	NOUN
easat-4440	289	95	rq	rq	NOUN
easat-4440	289	96	-3.153(0.069	-3.153(0.069	PUNCT
easat-4440	289	97	)	)	PUNCT
easat-4440	289	98	-2.469(0.029	-2.469(0.029	NOUN
easat-4440	289	99	)	)	PUNCT
easat-4440	289	100	*	*	PROPN
easat-4440	289	101	gdp	gdp	NOUN
easat-4440	289	102	-1.396(0.002	-1.396(0.002	PUNCT
easat-4440	289	103	)	)	PUNCT
easat-4440	289	104	-1.327(0.006	-1.327(0.006	PUNCT
easat-4440	289	105	)	)	PUNCT
easat-4440	289	106	ect	ect	X
easat-4440	289	107	-0.452(0.000	-0.452(0.000	NUM
easat-4440	289	108	)	)	PUNCT
easat-4440	289	109	-0.305(0.000	-0.305(0.000	NUM
easat-4440	289	110	)	)	PUNCT
easat-4440	289	111	model5	model5	NOUN
easat-4440	290	1	long	long	ADV
easat-4440	290	2	-	-	PUNCT
easat-4440	290	3	run	run	NOUN
easat-4440	290	4	rl	rl	ADP
easat-4440	290	5	5.179(0.241	5.179(0.241	NUM
easat-4440	290	6	)	)	PUNCT
easat-4440	290	7	0.017(0.993	0.017(0.993	NOUN
easat-4440	290	8	)	)	PUNCT
easat-4440	290	9	x2=1.15	x2=1.15	X
easat-4440	291	1	(	(	PUNCT
easat-4440	291	2	0.5615	0.5615	NUM
easat-4440	291	3	)	)	PUNCT
easat-4440	291	4	gdp	gdp	NOUN
easat-4440	291	5	4.551(0.047	4.551(0.047	NOUN
easat-4440	291	6	)	)	PUNCT
easat-4440	291	7	2.785(0.000	2.785(0.000	NUM
easat-4440	291	8	)	)	PUNCT
easat-4440	291	9	short	short	ADJ
easat-4440	291	10	-	-	PUNCT
easat-4440	291	11	run	run	NOUN
easat-4440	291	12	rl	rl	ADP
easat-4440	291	13	-2.315(0.198	-2.315(0.198	NOUN
easat-4440	291	14	)	)	PUNCT
easat-4440	291	15	-1.439(0.453	-1.439(0.453	NUM
easat-4440	291	16	)	)	PUNCT
easat-4440	291	17	gdp	gdp	NOUN
easat-4440	291	18	-1.871(0.000	-1.871(0.000	NOUN
easat-4440	291	19	)	)	PUNCT
easat-4440	291	20	-1.564(0.002	-1.564(0.002	PUNCT
easat-4440	291	21	)	)	PUNCT
easat-4440	291	22	ect	ect	X
easat-4440	291	23	-0.428(0.000	-0.428(0.000	PUNCT
easat-4440	291	24	)	)	PUNCT
easat-4440	291	25	-0.281(0.000	-0.281(0.000	NUM
easat-4440	291	26	)	)	PUNCT
easat-4440	291	27	model6	model6	NOUN
easat-4440	291	28	long	long	ADV
easat-4440	291	29	-	-	PUNCT
easat-4440	291	30	run	run	VERB
easat-4440	291	31	va	va	NOUN
easat-4440	291	32	-4.348(0.039	-4.348(0.039	NOUN
easat-4440	291	33	)	)	PUNCT
easat-4440	291	34	-3.452(0.002	-3.452(0.002	NOUN
easat-4440	291	35	)	)	PUNCT
easat-4440	291	36	*	*	PUNCT
easat-4440	292	1	x2=0.92	x2=0.92	PUNCT
easat-4440	292	2	(	(	PUNCT
easat-4440	292	3	0.6314	0.6314	NUM
easat-4440	292	4	)	)	PUNCT
easat-4440	292	5	gdp	gdp	NOUN
easat-4440	292	6	3.375(0.008	3.375(0.008	NOUN
easat-4440	292	7	)	)	PUNCT
easat-4440	292	8	2.187(0.000	2.187(0.000	NUM
easat-4440	292	9	)	)	PUNCT
easat-4440	292	10	short	short	ADJ
easat-4440	292	11	-	-	PUNCT
easat-4440	292	12	run	run	NOUN
easat-4440	292	13	va	va	NOUN
easat-4440	292	14	-1.369(0.220	-1.369(0.220	NOUN
easat-4440	292	15	)	)	PUNCT
easat-4440	292	16	-1.350(0.164	-1.350(0.164	NOUN
easat-4440	292	17	)	)	PUNCT
easat-4440	292	18	gdp	gdp	NOUN
easat-4440	292	19	-1.182(0.001	-1.182(0.001	NOUN
easat-4440	292	20	)	)	PUNCT
easat-4440	292	21	-1.235(0.036	-1.235(0.036	PROPN
easat-4440	292	22	)	)	PUNCT
easat-4440	292	23	ect	ect	X
easat-4440	292	24	-0.474(0.000	-0.474(0.000	X
easat-4440	292	25	)	)	PUNCT
easat-4440	292	26	-0.302(0.000	-0.302(0.000	PUNCT
easat-4440	292	27	)	)	PUNCT
easat-4440	292	28	note	note	NOUN
easat-4440	292	29	:	:	PUNCT
easat-4440	292	30	*	*	PUNCT
easat-4440	292	31	points	point	NOUN
easat-4440	292	32	to	to	ADP
easat-4440	292	33	statistical	statistical	ADJ
easat-4440	292	34	significance	significance	NOUN
easat-4440	292	35	at	at	ADP
easat-4440	292	36	the	the	DET
easat-4440	292	37	5	5	NUM
easat-4440	292	38	%	%	NOUN
easat-4440	292	39	level	level	NOUN
easat-4440	292	40	.	.	PUNCT
easat-4440	293	1	by	by	ADP
easat-4440	293	2	increasing	increase	VERB
easat-4440	293	3	the	the	DET
easat-4440	293	4	institutional	institutional	ADJ
easat-4440	293	5	quality	quality	NOUN
easat-4440	293	6	and	and	CCONJ
easat-4440	293	7	creating	create	VERB
easat-4440	293	8	strong	strong	ADJ
easat-4440	293	9	institutional	institutional	ADJ
easat-4440	293	10	factors	factor	NOUN
easat-4440	293	11	,	,	PUNCT
easat-4440	293	12	the	the	DET
easat-4440	293	13	activities	activity	NOUN
easat-4440	293	14	to	to	PART
easat-4440	293	15	be	be	AUX
easat-4440	293	16	realized	realize	VERB
easat-4440	293	17	in	in	ADP
easat-4440	293	18	the	the	DET
easat-4440	293	19	economy	economy	NOUN
easat-4440	293	20	can	can	AUX
easat-4440	293	21	be	be	AUX
easat-4440	293	22	carried	carry	VERB
easat-4440	293	23	out	out	ADP
easat-4440	293	24	within	within	ADP
easat-4440	293	25	the	the	DET
easat-4440	293	26	framework	framework	NOUN
easat-4440	293	27	of	of	ADP
easat-4440	293	28	the	the	DET
easat-4440	293	29	principles	principle	NOUN
easat-4440	293	30	of	of	ADP
easat-4440	293	31	transparency	transparency	NOUN
easat-4440	293	32	,	,	PUNCT
easat-4440	293	33	accountability	accountability	NOUN
easat-4440	293	34	and	and	CCONJ
easat-4440	293	35	auditability	auditability	NOUN
easat-4440	293	36	.	.	PUNCT
easat-4440	294	1	for	for	ADP
easat-4440	294	2	this	this	DET
easat-4440	294	3	reason	reason	NOUN
easat-4440	294	4	,	,	PUNCT
easat-4440	294	5	placing	place	VERB
easat-4440	294	6	economic	economic	ADJ
easat-4440	294	7	activities	activity	NOUN
easat-4440	294	8	in	in	ADP
easat-4440	294	9	a	a	DET
easat-4440	294	10	certain	certain	ADJ
easat-4440	294	11	order	order	NOUN
easat-4440	294	12	and	and	CCONJ
easat-4440	294	13	performing	perform	VERB
easat-4440	294	14	them	they	PRON
easat-4440	294	15	following	follow	VERB
easat-4440	294	16	the	the	DET
easat-4440	294	17	law	law	NOUN
easat-4440	294	18	can	can	AUX
easat-4440	294	19	reduce	reduce	VERB
easat-4440	294	20	the	the	DET
easat-4440	294	21	uncertainties	uncertainty	NOUN
easat-4440	294	22	that	that	PRON
easat-4440	294	23	will	will	AUX
easat-4440	294	24	occur	occur	VERB
easat-4440	294	25	in	in	ADP
easat-4440	294	26	the	the	DET
easat-4440	294	27	economy	economy	NOUN
easat-4440	294	28	by	by	ADP
easat-4440	294	29	making	make	VERB
easat-4440	294	30	the	the	DET
easat-4440	294	31	future	future	NOUN
easat-4440	294	32	clearer	clear	ADJ
easat-4440	294	33	and	and	CCONJ
easat-4440	294	34	more	more	ADV
easat-4440	294	35	understandable	understandable	ADJ
easat-4440	294	36	.	.	PUNCT
easat-4440	295	1	ardl	ardl	PROPN
easat-4440	295	2	non	non	ADJ
easat-4440	295	3	-	-	ADJ
easat-4440	295	4	linear	linear	ADJ
easat-4440	295	5	cointegration	cointegration	NOUN
easat-4440	295	6	analysis	analysis	NOUN
easat-4440	295	7	is	be	AUX
easat-4440	295	8	an	an	DET
easat-4440	295	9	asymmetric	asymmetric	ADJ
easat-4440	295	10	model	model	NOUN
easat-4440	295	11	that	that	PRON
easat-4440	295	12	uses	use	VERB
easat-4440	295	13	positive	positive	ADJ
easat-4440	295	14	and	and	CCONJ
easat-4440	295	15	negative	negative	ADJ
easat-4440	295	16	partial	partial	ADJ
easat-4440	295	17	sum	sum	NOUN
easat-4440	295	18	decompositions	decomposition	NOUN
easat-4440	295	19	while	while	SCONJ
easat-4440	295	20	variables	variable	NOUN
easat-4440	295	21	are	be	AUX
easat-4440	295	22	stationary	stationary	ADJ
easat-4440	295	23	at	at	ADP
easat-4440	295	24	i	i	PROPN
easat-4440	295	25	(	(	PUNCT
easat-4440	295	26	0	0	NUM
easat-4440	295	27	)	)	PUNCT
easat-4440	295	28	and	and	CCONJ
easat-4440	295	29	i	i	PRON
easat-4440	295	30	(	(	PUNCT
easat-4440	295	31	1	1	X
easat-4440	295	32	)	)	PUNCT
easat-4440	295	33	levels	level	NOUN
easat-4440	295	34	.	.	PUNCT
easat-4440	296	1	the	the	DET
easat-4440	296	2	non	non	ADJ
easat-4440	296	3	-	-	ADJ
easat-4440	296	4	linear	linear	ADJ
easat-4440	296	5	ardl	ardl	NOUN
easat-4440	296	6	155	155	NUM
easat-4440	296	7	edelweiss	edelweiss	PROPN
easat-4440	296	8	applied	apply	VERB
easat-4440	296	9	science	science	NOUN
easat-4440	296	10	and	and	CCONJ
easat-4440	296	11	technology	technology	NOUN
easat-4440	296	12	issn	issn	PROPN
easat-4440	296	13	:	:	PUNCT
easat-4440	296	14	2576	2576	NUM
easat-4440	296	15	-	-	SYM
easat-4440	296	16	8484	8484	NUM
easat-4440	296	17	vol	vol	NOUN
easat-4440	296	18	.	.	PROPN
easat-4440	297	1	9	9	NUM
easat-4440	297	2	,	,	PUNCT
easat-4440	297	3	no	no	INTJ
easat-4440	297	4	.	.	NOUN
easat-4440	298	1	2	2	NUM
easat-4440	298	2	:	:	SYM
easat-4440	298	3	144	144	NUM
easat-4440	298	4	-	-	SYM
easat-4440	298	5	159	159	NUM
easat-4440	298	6	,	,	PUNCT
easat-4440	298	7	2025	2025	NUM
easat-4440	298	8	doi	doi	NOUN
easat-4440	298	9	:	:	PUNCT
easat-4440	298	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	298	11	©	©	PROPN
easat-4440	298	12	2025	2025	NUM
easat-4440	298	13	by	by	ADP
easat-4440	298	14	the	the	DET
easat-4440	298	15	author	author	NOUN
easat-4440	298	16	;	;	PUNCT
easat-4440	298	17	licensee	licensee	PROPN
easat-4440	298	18	learning	learning	PROPN
easat-4440	298	19	gate	gate	NOUN
easat-4440	298	20	model	model	NOUN
easat-4440	298	21	is	be	AUX
easat-4440	298	22	a	a	DET
easat-4440	298	23	method	method	NOUN
easat-4440	298	24	constructed	construct	VERB
easat-4440	298	25	by	by	ADP
easat-4440	298	26	the	the	DET
easat-4440	298	27	flexible	flexible	ADJ
easat-4440	298	28	and	and	CCONJ
easat-4440	298	29	dynamic	dynamic	ADJ
easat-4440	298	30	analysis	analysis	NOUN
easat-4440	298	31	method	method	NOUN
easat-4440	298	32	of	of	ADP
easat-4440	298	33	the	the	DET
easat-4440	298	34	classical	classical	ADJ
easat-4440	298	35	ardl	ardl	NOUN
easat-4440	298	36	model	model	NOUN
easat-4440	298	37	,	,	PUNCT
easat-4440	298	38	which	which	PRON
easat-4440	298	39	reveals	reveal	VERB
easat-4440	298	40	the	the	DET
easat-4440	298	41	combined	combine	VERB
easat-4440	298	42	long	long	ADV
easat-4440	298	43	-	-	PUNCT
easat-4440	298	44	run	run	VERB
easat-4440	298	45	and	and	CCONJ
easat-4440	298	46	short	short	ADJ
easat-4440	298	47	-	-	PUNCT
easat-4440	298	48	run	run	VERB
easat-4440	298	49	asymmetrical	asymmetrical	ADJ
easat-4440	298	50	association	association	NOUN
easat-4440	298	51	[	[	X
easat-4440	298	52	34	34	NUM
easat-4440	298	53	]	]	PUNCT
easat-4440	298	54	.	.	PUNCT
easat-4440	299	1	the	the	DET
easat-4440	299	2	equation	equation	NOUN
easat-4440	299	3	model	model	NOUN
easat-4440	299	4	of	of	ADP
easat-4440	299	5	ardl	ardl	PROPN
easat-4440	299	6	non	non	ADJ
easat-4440	299	7	-	-	ADJ
easat-4440	299	8	linear	linear	ADJ
easat-4440	299	9	analysis	analysis	NOUN
easat-4440	299	10	is	be	AUX
easat-4440	299	11	shown	show	VERB
easat-4440	299	12	as	as	SCONJ
easat-4440	299	13	follows	follow	VERB
easat-4440	299	14	;	;	PUNCT
easat-4440	299	15	𝑦𝑡=∑	𝑦𝑡=∑	NOUN
easat-4440	299	16	∅𝑗	∅𝑗	VERB
easat-4440	299	17	𝑝	𝑝	DET
easat-4440	299	18	𝑗=𝑖	𝑗=𝑖	PROPN
easat-4440	299	19	𝑦𝑡−𝑗+∑	𝑦𝑡−𝑗+∑	NOUN
easat-4440	299	20	∅−′	∅−′	NOUN
easat-4440	299	21	+	+	PROPN
easat-4440	299	22	′𝑞	′𝑞	PROPN
easat-4440	299	23	𝑗=0	𝑗=0	X
easat-4440	299	24	𝑥𝑡−𝑗	𝑥𝑡−𝑗	NOUN
easat-4440	299	25	+	+	CCONJ
easat-4440	299	26	+	+	ADJ
easat-4440	299	27	∅𝑡−𝑗	∅𝑡−𝑗	NOUN
easat-4440	299	28	−′	−′	NUM
easat-4440	299	29	)	)	PUNCT
easat-4440	300	1	+	+	ADP
easat-4440	300	2	휀𝑡	휀𝑡	PROPN
easat-4440	300	3	(	(	PUNCT
easat-4440	300	4	16	16	NUM
easat-4440	300	5	)	)	PUNCT
easat-4440	300	6	𝑥𝑡	𝑥𝑡	ADV
easat-4440	300	7	,	,	PUNCT
easat-4440	300	8	xt=𝑥0+𝑥𝑡	xt=𝑥0+𝑥𝑡	PROPN
easat-4440	301	1	+	+	PROPN
easat-4440	301	2	+	+	PROPN
easat-4440	301	3	𝑥𝑡	𝑥𝑡	ADJ
easat-4440	301	4	−	−	NOUN
easat-4440	301	5	,	,	PUNCT
easat-4440	301	6	the	the	DET
easat-4440	301	7	k×1	k×1	NOUN
easat-4440	301	8	multiple	multiple	ADJ
easat-4440	301	9	regressor	regressor	NOUN
easat-4440	301	10	vector	vector	NOUN
easat-4440	301	11	known	know	VERB
easat-4440	301	12	as	as	ADP
easat-4440	301	13	∅𝑗	∅𝑗	NOUN
easat-4440	301	14	autoregressive	autoregressive	ADJ
easat-4440	301	15	parameter	parameter	NOUN
easat-4440	301	16	,	,	PUNCT
easat-4440	301	17	∅𝑗	∅𝑗	X
easat-4440	301	18	+	+	CCONJ
easat-4440	301	19	and	and	CCONJ
easat-4440	301	20	∅𝑗	∅𝑗	X
easat-4440	301	21	+	+	CCONJ
easat-4440	301	22	asymmetrically	asymmetrically	ADV
easat-4440	301	23	distributed	distribute	VERB
easat-4440	301	24	delay	delay	NOUN
easat-4440	301	25	parameters	parameter	NOUN
easat-4440	301	26	,	,	PUNCT
easat-4440	301	27	휀𝑡	휀𝑡	ADV
easat-4440	301	28	stands	stand	VERB
easat-4440	301	29	for	for	ADP
easat-4440	301	30	the	the	DET
easat-4440	301	31	error	error	NOUN
easat-4440	301	32	term	term	NOUN
easat-4440	301	33	.	.	PUNCT
easat-4440	302	1	the	the	DET
easat-4440	302	2	equation	equation	NOUN
easat-4440	302	3	of	of	ADP
easat-4440	302	4	the	the	DET
easat-4440	302	5	error	error	NOUN
easat-4440	302	6	correction	correction	NOUN
easat-4440	302	7	model	model	NOUN
easat-4440	302	8	is	be	AUX
easat-4440	302	9	expressed	express	VERB
easat-4440	302	10	as	as	SCONJ
easat-4440	302	11	follows	follow	VERB
easat-4440	302	12	;	;	PUNCT
easat-4440	302	13	∆𝑦𝑡=𝜌𝑦𝑡−1+𝜃+′𝑥𝑡−1	∆𝑦𝑡=𝜌𝑦𝑡−1+𝜃+′𝑥𝑡−1	NOUN
easat-4440	302	14	+	+	SYM
easat-4440	303	1	+	+	CCONJ
easat-4440	303	2	𝜃−′𝑥𝑡−1	𝜃−′𝑥𝑡−1	NOUN
easat-4440	303	3	−	−	PROPN
easat-4440	304	1	+	+	CCONJ
easat-4440	304	2	∑	∑	PROPN
easat-4440	304	3	𝑦𝑗𝛥𝑡−𝑗	𝑦𝑗𝛥𝑡−𝑗	PROPN
easat-4440	304	4	𝑝−1	𝑝−1	PROPN
easat-4440	304	5	𝑗=1	𝑗=1	PROPN
easat-4440	305	1	+	+	ADV
easat-4440	305	2	∑	∑	PROPN
easat-4440	305	3	(	(	PUNCT
easat-4440	305	4	𝜑𝑗	𝜑𝑗	ADP
easat-4440	305	5	+	+	ADP
easat-4440	305	6	′∆𝑥𝑡−𝑗	′∆𝑥𝑡−𝑗	PROPN
easat-4440	305	7	+	+	PROPN
easat-4440	305	8	𝑞−1	𝑞−1	PROPN
easat-4440	305	9	𝑗=0	𝑗=0	PUNCT
easat-4440	306	1	+	+	ADP
easat-4440	306	2	𝜑𝑗	𝜑𝑗	ADP
easat-4440	306	3	−′𝛥𝑥𝑡−𝑗	−′𝛥𝑥𝑡−𝑗	NOUN
easat-4440	306	4	−	−	NOUN
easat-4440	306	5	)	)	PUNCT
easat-4440	307	1	+	+	X
easat-4440	307	2	휀𝑡=𝜌𝜉𝑡−1	휀𝑡=𝜌𝜉𝑡−1	VERB
easat-4440	307	3	+	+	ADJ
easat-4440	307	4	∑	∑	PROPN
easat-4440	307	5	𝑦𝑗𝛥𝑡−𝑗	𝑦𝑗𝛥𝑡−𝑗	PROPN
easat-4440	307	6	𝑝−1	𝑝−1	PROPN
easat-4440	307	7	𝑗=1	𝑗=1	PROPN
easat-4440	308	1	+	+	ADV
easat-4440	308	2	∑	∑	PROPN
easat-4440	308	3	(	(	PUNCT
easat-4440	308	4	𝜑𝑗	𝜑𝑗	ADP
easat-4440	308	5	+	+	NOUN
easat-4440	308	6	′𝑞−1	′𝑞−1	X
easat-4440	308	7	𝑗=0	𝑗=0	PUNCT
easat-4440	309	1	∆𝑥𝑡−𝑗	∆𝑥𝑡−𝑗	NOUN
easat-4440	309	2	+	+	CCONJ
easat-4440	309	3	+	+	CCONJ
easat-4440	309	4	𝜑𝑗	𝜑𝑗	ADP
easat-4440	309	5	−′∆𝑥𝑡−𝑗	−′∆𝑥𝑡−𝑗	NUM
easat-4440	309	6	−	−	PROPN
easat-4440	309	7	)	)	PUNCT
easat-4440	310	1	+	+	ADV
easat-4440	310	2	휀𝑡	휀𝑡	PROPN
easat-4440	310	3	(	(	PUNCT
easat-4440	310	4	17	17	NUM
easat-4440	310	5	)	)	PUNCT
easat-4440	310	6	𝜌=∑	𝜌=∑	ADJ
easat-4440	310	7	𝛷	𝛷	PROPN
easat-4440	310	8	𝜌	𝜌	X
easat-4440	310	9	𝑗=1	𝑗=1	PROPN
easat-4440	310	10	j-1	j-1	ADV
easat-4440	310	11	,	,	PUNCT
easat-4440	310	12	𝑦𝑗	𝑦𝑗	PROPN
easat-4440	310	13	=	=	SYM
easat-4440	310	14	−	−	PROPN
easat-4440	310	15	∑	∑	PROPN
easat-4440	310	16	𝛷	𝛷	PROPN
easat-4440	310	17	𝜌	𝜌	X
easat-4440	310	18	𝑖=𝑗+1	𝑖=𝑗+1	PROPN
easat-4440	310	19	i	i	PRON
easat-4440	310	20	for	for	ADP
easat-4440	310	21	j=1	j=1	PROPN
easat-4440	310	22	,	,	PUNCT
easat-4440	310	23	…	…	PUNCT
easat-4440	310	24	..	..	PUNCT
easat-4440	310	25	𝜌	𝜌	ADP
easat-4440	310	26	−	−	PROPN
easat-4440	310	27	1	1	NUM
easat-4440	310	28	,	,	PUNCT
easat-4440	310	29	𝜃+=∑	𝜃+=∑	NOUN
easat-4440	310	30	𝜑𝑗	𝜑𝑗	ADP
easat-4440	310	31	+	+	NOUN
easat-4440	310	32	′𝑞	′𝑞	PROPN
easat-4440	310	33	𝑗=0	𝑗=0	PROPN
easat-4440	310	34	,	,	PUNCT
easat-4440	310	35	𝜃−=∑	𝜃−=∑	NUM
easat-4440	310	36	𝜑𝑗	𝜑𝑗	ADP
easat-4440	310	37	−′𝑞	−′𝑞	PROPN
easat-4440	310	38	𝑗=0	𝑗=0	NUM
easat-4440	310	39	,	,	PUNCT
easat-4440	310	40	𝜃0	𝜃0	VERB
easat-4440	310	41	+	+	NOUN
easat-4440	311	1	=	=	NOUN
easat-4440	312	1	𝜑0	𝜑0	NOUN
easat-4440	313	1	+	+	CCONJ
easat-4440	314	1	𝜑0	𝜑0	NOUN
easat-4440	314	2	+	+	NOUN
easat-4440	314	3	=	=	X
easat-4440	314	4	-∑	-∑	X
easat-4440	314	5	𝜃𝑗	𝜃𝑗	VERB
easat-4440	315	1	+	+	NOUN
easat-4440	315	2	𝑞	𝑞	X
easat-4440	315	3	𝑖=𝑗+1	𝑖=𝑗+1	PROPN
easat-4440	315	4	for	for	ADP
easat-4440	315	5	j=1	j=1	PROPN
easat-4440	315	6	…	…	PUNCT
easat-4440	315	7	..	..	PUNCT
easat-4440	315	8	q-1	q-1	NUM
easat-4440	315	9	,	,	PUNCT
easat-4440	315	10	𝜑0	𝜑0	NOUN
easat-4440	315	11	−=𝜃0	−=𝜃0	VERB
easat-4440	315	12	+	+	ADV
easat-4440	315	13	,	,	PUNCT
easat-4440	315	14	𝜑𝑗	𝜑𝑗	ADP
easat-4440	315	15	−=∑	−=∑	NUM
easat-4440	315	16	𝜃𝑗	𝜃𝑗	NOUN
easat-4440	315	17	−𝑞	−𝑞	ADJ
easat-4440	315	18	𝑖=𝑗+1	𝑖=𝑗+1	PROPN
easat-4440	315	19	for	for	ADP
easat-4440	315	20	j=1	j=1	PROPN
easat-4440	315	21	…	…	PUNCT
easat-4440	315	22	..	..	PUNCT
easat-4440	315	23	q-1	q-1	NUM
easat-4440	315	24	,	,	PUNCT
easat-4440	315	25	𝜉𝑡=𝑦𝑡-𝛽+′𝑡	𝜉𝑡=𝑦𝑡-𝛽+′𝑡	PRON
easat-4440	315	26	−	−	PROPN
easat-4440	315	27	𝛽−′𝑥𝑡	𝛽−′𝑥𝑡	PROPN
easat-4440	315	28	−	−	NOUN
easat-4440	315	29	𝛽+	𝛽+	NOUN
easat-4440	316	1	=	=	SYM
easat-4440	316	2	−𝜃+/	−𝜃+/	SYM
easat-4440	316	3	𝜌	𝜌	X
easat-4440	316	4	ve	ve	VERB
easat-4440	316	5	𝛽−	𝛽−	NOUN
easat-4440	316	6	=	=	SYM
easat-4440	316	7	−𝜃−/	−𝜃−/	PROPN
easat-4440	316	8	𝜌	𝜌	X
easat-4440	316	9	asimetrik	asimetrik	PROPN
easat-4440	316	10	uzun	uzun	PROPN
easat-4440	316	11	dönem	dönem	PROPN
easat-4440	316	12	parametreleridir	parametreleridir	PROPN
easat-4440	316	13	.	.	PUNCT
easat-4440	317	1	h0	h0	PROPN
easat-4440	317	2	:	:	PUNCT
easat-4440	317	3	β+=β-	β+=β-	PROPN
easat-4440	317	4	;	;	PUNCT
easat-4440	317	5	in	in	ADP
easat-4440	317	6	both	both	CCONJ
easat-4440	317	7	the	the	DET
easat-4440	317	8	long	long	ADJ
easat-4440	317	9	and	and	CCONJ
easat-4440	317	10	short	short	ADJ
easat-4440	317	11	runs	run	NOUN
easat-4440	317	12	,	,	PUNCT
easat-4440	317	13	there	there	PRON
easat-4440	317	14	has	have	VERB
easat-4440	317	15	a	a	DET
easat-4440	317	16	symmetrical	symmetrical	ADJ
easat-4440	317	17	cointegration	cointegration	NOUN
easat-4440	317	18	relation	relation	NOUN
easat-4440	317	19	among	among	ADP
easat-4440	317	20	the	the	DET
easat-4440	317	21	parameters	parameter	NOUN
easat-4440	317	22	.	.	PUNCT
easat-4440	318	1	h1	h1	PROPN
easat-4440	318	2	:	:	PUNCT
easat-4440	318	3	β+≠β-	β+≠β-	NOUN
easat-4440	318	4	;	;	PUNCT
easat-4440	318	5	in	in	ADP
easat-4440	318	6	both	both	CCONJ
easat-4440	318	7	the	the	DET
easat-4440	318	8	long	long	ADJ
easat-4440	318	9	and	and	CCONJ
easat-4440	318	10	short	short	ADJ
easat-4440	318	11	runs	run	NOUN
easat-4440	318	12	,	,	PUNCT
easat-4440	318	13	there	there	PRON
easat-4440	318	14	is	be	VERB
easat-4440	318	15	an	an	DET
easat-4440	318	16	asymmetrical	asymmetrical	ADJ
easat-4440	318	17	cointegration	cointegration	NOUN
easat-4440	318	18	relation	relation	NOUN
easat-4440	318	19	among	among	ADP
easat-4440	318	20	the	the	DET
easat-4440	318	21	parameters	parameter	NOUN
easat-4440	318	22	.	.	PUNCT
easat-4440	319	1	ardl	ardl	PROPN
easat-4440	319	2	non	non	ADJ
easat-4440	319	3	-	-	ADJ
easat-4440	319	4	linear	linear	ADJ
easat-4440	319	5	estimation	estimation	NOUN
easat-4440	319	6	results	result	NOUN
easat-4440	319	7	are	be	AUX
easat-4440	319	8	given	give	VERB
easat-4440	319	9	in	in	ADP
easat-4440	319	10	table	table	NOUN
easat-4440	319	11	6	6	NUM
easat-4440	319	12	.	.	PUNCT
easat-4440	320	1	according	accord	VERB
easat-4440	320	2	to	to	ADP
easat-4440	320	3	the	the	DET
easat-4440	320	4	table	table	NOUN
easat-4440	320	5	,	,	PUNCT
easat-4440	320	6	the	the	DET
easat-4440	320	7	hausman	hausman	ADJ
easat-4440	320	8	test	test	NOUN
easat-4440	320	9	results	result	NOUN
easat-4440	320	10	show	show	VERB
easat-4440	320	11	that	that	SCONJ
easat-4440	320	12	the	the	DET
easat-4440	320	13	pmg	pmg	PROPN
easat-4440	320	14	estimation	estimation	NOUN
easat-4440	320	15	method	method	NOUN
easat-4440	320	16	gives	give	VERB
easat-4440	320	17	more	more	ADV
easat-4440	320	18	accurate	accurate	ADJ
easat-4440	320	19	results	result	NOUN
easat-4440	320	20	.	.	PUNCT
easat-4440	321	1	according	accord	VERB
easat-4440	321	2	to	to	ADP
easat-4440	321	3	the	the	DET
easat-4440	321	4	results	result	NOUN
easat-4440	321	5	obtained	obtain	VERB
easat-4440	321	6	:	:	PUNCT
easat-4440	321	7	•	•	NUM
easat-4440	321	8	negative	negative	ADJ
easat-4440	321	9	shocks	shock	NOUN
easat-4440	321	10	to	to	ADP
easat-4440	321	11	the	the	DET
easat-4440	321	12	cc	cc	PROPN
easat-4440	321	13	variable	variable	NOUN
easat-4440	321	14	affect	affect	VERB
easat-4440	321	15	the	the	DET
easat-4440	321	16	epu	epu	NOUN
easat-4440	321	17	positively	positively	ADV
easat-4440	321	18	,	,	PUNCT
easat-4440	321	19	while	while	SCONJ
easat-4440	321	20	positive	positive	ADJ
easat-4440	321	21	shocks	shock	NOUN
easat-4440	321	22	to	to	ADP
easat-4440	321	23	the	the	DET
easat-4440	321	24	cc	cc	PROPN
easat-4440	321	25	variable	variable	NOUN
easat-4440	321	26	affect	affect	VERB
easat-4440	321	27	the	the	DET
easat-4440	321	28	epu	epu	NOUN
easat-4440	321	29	negatively	negatively	ADV
easat-4440	321	30	.	.	PUNCT
easat-4440	322	1	according	accord	VERB
easat-4440	322	2	to	to	ADP
easat-4440	322	3	these	these	DET
easat-4440	322	4	results	result	NOUN
easat-4440	322	5	,	,	PUNCT
easat-4440	322	6	we	we	PRON
easat-4440	322	7	can	can	AUX
easat-4440	322	8	say	say	VERB
easat-4440	322	9	that	that	SCONJ
easat-4440	322	10	there	there	PRON
easat-4440	322	11	is	be	VERB
easat-4440	322	12	an	an	DET
easat-4440	322	13	asymmetric	asymmetric	ADJ
easat-4440	322	14	association	association	NOUN
easat-4440	322	15	between	between	ADP
easat-4440	322	16	the	the	DET
easat-4440	322	17	cc	cc	NOUN
easat-4440	322	18	variable	variable	NOUN
easat-4440	322	19	and	and	CCONJ
easat-4440	322	20	epu	epu	NOUN
easat-4440	322	21	in	in	ADP
easat-4440	322	22	the	the	DET
easat-4440	322	23	long	long	ADJ
easat-4440	322	24	run	run	NOUN
easat-4440	322	25	.	.	PUNCT
easat-4440	323	1	•	•	NUM
easat-4440	323	2	negative	negative	ADJ
easat-4440	323	3	and	and	CCONJ
easat-4440	323	4	positive	positive	ADJ
easat-4440	323	5	shocks	shock	NOUN
easat-4440	323	6	to	to	ADP
easat-4440	323	7	the	the	DET
easat-4440	323	8	rq	rq	NOUN
easat-4440	323	9	variable	variable	NOUN
easat-4440	323	10	affect	affect	VERB
easat-4440	323	11	the	the	DET
easat-4440	323	12	epu	epu	NOUN
easat-4440	323	13	positively	positively	ADV
easat-4440	323	14	.	.	PUNCT
easat-4440	324	1	the	the	DET
easat-4440	324	2	effect	effect	NOUN
easat-4440	324	3	of	of	ADP
easat-4440	324	4	negative	negative	ADJ
easat-4440	324	5	shocks	shock	NOUN
easat-4440	324	6	on	on	ADP
easat-4440	324	7	the	the	DET
easat-4440	324	8	rq	rq	NOUN
easat-4440	324	9	variable	variable	NOUN
easat-4440	324	10	is	be	AUX
easat-4440	324	11	greater	great	ADJ
easat-4440	324	12	than	than	ADP
easat-4440	324	13	the	the	DET
easat-4440	324	14	effect	effect	NOUN
easat-4440	324	15	of	of	ADP
easat-4440	324	16	positive	positive	ADJ
easat-4440	324	17	shocks	shock	NOUN
easat-4440	324	18	.	.	PUNCT
easat-4440	325	1	therefore	therefore	ADV
easat-4440	325	2	,	,	PUNCT
easat-4440	325	3	we	we	PRON
easat-4440	325	4	can	can	AUX
easat-4440	325	5	say	say	VERB
easat-4440	325	6	that	that	SCONJ
easat-4440	325	7	the	the	DET
easat-4440	325	8	rq	rq	NOUN
easat-4440	325	9	variable	variable	NOUN
easat-4440	325	10	affects	affect	VERB
easat-4440	325	11	the	the	DET
easat-4440	325	12	epu	epu	NOUN
easat-4440	325	13	negatively	negatively	ADV
easat-4440	325	14	.	.	PUNCT
easat-4440	326	1	•	•	NUM
easat-4440	326	2	the	the	DET
easat-4440	326	3	positive	positive	ADJ
easat-4440	326	4	and	and	CCONJ
easat-4440	326	5	negative	negative	ADJ
easat-4440	326	6	shocks	shock	NOUN
easat-4440	326	7	to	to	ADP
easat-4440	326	8	the	the	DET
easat-4440	326	9	va	va	PROPN
easat-4440	326	10	variable	variable	NOUN
easat-4440	326	11	affect	affect	VERB
easat-4440	326	12	the	the	DET
easat-4440	326	13	epu	epu	NOUN
easat-4440	326	14	negatively	negatively	ADV
easat-4440	326	15	.	.	PUNCT
easat-4440	327	1	however	however	ADV
easat-4440	327	2	,	,	PUNCT
easat-4440	327	3	the	the	DET
easat-4440	327	4	impact	impact	NOUN
easat-4440	327	5	of	of	ADP
easat-4440	327	6	positive	positive	ADJ
easat-4440	327	7	shocks	shock	NOUN
easat-4440	327	8	is	be	AUX
easat-4440	327	9	greater	great	ADJ
easat-4440	327	10	.	.	PUNCT
easat-4440	328	1	therefore	therefore	ADV
easat-4440	328	2	,	,	PUNCT
easat-4440	328	3	we	we	PRON
easat-4440	328	4	can	can	AUX
easat-4440	328	5	say	say	VERB
easat-4440	328	6	that	that	SCONJ
easat-4440	328	7	the	the	DET
easat-4440	328	8	positive	positive	ADJ
easat-4440	328	9	shocks	shock	NOUN
easat-4440	328	10	to	to	ADP
easat-4440	328	11	the	the	DET
easat-4440	328	12	va	va	PROPN
easat-4440	328	13	variable	variable	NOUN
easat-4440	328	14	affect	affect	VERB
easat-4440	328	15	the	the	DET
easat-4440	328	16	epu	epu	NOUN
easat-4440	328	17	negatively	negatively	ADV
easat-4440	328	18	and	and	CCONJ
easat-4440	328	19	significantly	significantly	ADV
easat-4440	328	20	.	.	PUNCT
easat-4440	329	1	•	•	ADV
easat-4440	329	2	positive	positive	ADJ
easat-4440	329	3	and	and	CCONJ
easat-4440	329	4	negative	negative	ADJ
easat-4440	329	5	shocks	shock	NOUN
easat-4440	329	6	to	to	ADP
easat-4440	329	7	the	the	DET
easat-4440	329	8	psav	psav	NOUN
easat-4440	329	9	variable	variable	NOUN
easat-4440	329	10	affect	affect	VERB
easat-4440	329	11	the	the	DET
easat-4440	329	12	epu	epu	NOUN
easat-4440	329	13	negatively	negatively	ADV
easat-4440	329	14	.	.	PUNCT
easat-4440	330	1	however	however	ADV
easat-4440	330	2	,	,	PUNCT
easat-4440	330	3	the	the	DET
easat-4440	330	4	effect	effect	NOUN
easat-4440	330	5	of	of	ADP
easat-4440	330	6	positive	positive	ADJ
easat-4440	330	7	shocks	shock	NOUN
easat-4440	330	8	on	on	ADP
easat-4440	330	9	the	the	DET
easat-4440	330	10	psav	psav	NOUN
easat-4440	330	11	variable	variable	NOUN
easat-4440	330	12	is	be	AUX
easat-4440	330	13	greater	great	ADJ
easat-4440	330	14	on	on	ADP
easat-4440	330	15	epu	epu	PROPN
easat-4440	330	16	.	.	PUNCT
easat-4440	331	1	therefore	therefore	ADV
easat-4440	331	2	,	,	PUNCT
easat-4440	331	3	we	we	PRON
easat-4440	331	4	can	can	AUX
easat-4440	331	5	say	say	VERB
easat-4440	331	6	that	that	SCONJ
easat-4440	331	7	positive	positive	ADJ
easat-4440	331	8	shocks	shock	NOUN
easat-4440	331	9	to	to	ADP
easat-4440	331	10	the	the	DET
easat-4440	331	11	psav	psav	NOUN
easat-4440	331	12	variable	variable	NOUN
easat-4440	331	13	reduce	reduce	VERB
easat-4440	331	14	the	the	DET
easat-4440	331	15	uncertainty	uncertainty	NOUN
easat-4440	331	16	of	of	ADP
easat-4440	331	17	economic	economic	ADJ
easat-4440	331	18	policy	policy	NOUN
easat-4440	331	19	.	.	PUNCT
easat-4440	332	1	•	•	NUM
easat-4440	332	2	the	the	DET
easat-4440	332	3	ardl	ardl	NOUN
easat-4440	332	4	linear	linear	PROPN
easat-4440	332	5	and	and	CCONJ
easat-4440	332	6	ardl	ardl	NOUN
easat-4440	332	7	nonlinear	nonlinear	ADJ
easat-4440	332	8	estimation	estimation	NOUN
easat-4440	332	9	results	result	NOUN
easat-4440	332	10	were	be	AUX
easat-4440	332	11	as	as	SCONJ
easat-4440	332	12	expected	expect	VERB
easat-4440	332	13	in	in	ADP
easat-4440	332	14	line	line	NOUN
easat-4440	332	15	with	with	ADP
easat-4440	332	16	the	the	DET
easat-4440	332	17	theoretical	theoretical	ADJ
easat-4440	332	18	explanations	explanation	NOUN
easat-4440	332	19	.	.	PUNCT
easat-4440	333	1	increasing	increase	VERB
easat-4440	333	2	the	the	DET
easat-4440	333	3	effectiveness	effectiveness	NOUN
easat-4440	333	4	of	of	ADP
easat-4440	333	5	institutional	institutional	ADJ
easat-4440	333	6	factors	factor	NOUN
easat-4440	333	7	has	have	VERB
easat-4440	333	8	a	a	DET
easat-4440	333	9	decreasing	decrease	VERB
easat-4440	333	10	effect	effect	NOUN
easat-4440	333	11	on	on	ADP
easat-4440	333	12	the	the	DET
easat-4440	333	13	uncertainty	uncertainty	NOUN
easat-4440	333	14	of	of	ADP
easat-4440	333	15	economic	economic	ADJ
easat-4440	333	16	policy	policy	NOUN
easat-4440	333	17	.	.	PUNCT
easat-4440	334	1	therefore	therefore	ADV
easat-4440	334	2	,	,	PUNCT
easat-4440	334	3	the	the	DET
easat-4440	334	4	setting	setting	NOUN
easat-4440	334	5	up	up	ADP
easat-4440	334	6	of	of	ADP
easat-4440	334	7	a	a	DET
easat-4440	334	8	solid	solid	ADJ
easat-4440	334	9	institutional	institutional	ADJ
easat-4440	334	10	structure	structure	NOUN
easat-4440	334	11	in	in	ADP
easat-4440	334	12	societies	society	NOUN
easat-4440	334	13	and	and	CCONJ
easat-4440	334	14	the	the	DET
easat-4440	334	15	implementation	implementation	NOUN
easat-4440	334	16	of	of	ADP
easat-4440	334	17	appropriate	appropriate	ADJ
easat-4440	334	18	policy	policy	NOUN
easat-4440	334	19	regimes	regime	NOUN
easat-4440	334	20	in	in	ADP
easat-4440	334	21	this	this	DET
easat-4440	334	22	way	way	NOUN
easat-4440	334	23	can	can	AUX
easat-4440	334	24	ensure	ensure	VERB
easat-4440	334	25	that	that	SCONJ
easat-4440	334	26	predictable	predictable	ADJ
easat-4440	334	27	policy	policy	NOUN
easat-4440	334	28	preferences	preference	NOUN
easat-4440	334	29	are	be	AUX
easat-4440	334	30	determined	determine	VERB
easat-4440	334	31	even	even	ADV
easat-4440	334	32	in	in	ADP
easat-4440	334	33	the	the	DET
easat-4440	334	34	face	face	NOUN
easat-4440	334	35	of	of	ADP
easat-4440	334	36	negative	negative	ADJ
easat-4440	334	37	shocks	shock	NOUN
easat-4440	334	38	to	to	ADP
easat-4440	334	39	the	the	DET
easat-4440	334	40	economy	economy	NOUN
easat-4440	334	41	and	and	CCONJ
easat-4440	334	42	thus	thus	ADV
easat-4440	334	43	,	,	PUNCT
easat-4440	334	44	uncertainties	uncertainty	NOUN
easat-4440	334	45	can	can	AUX
easat-4440	334	46	be	be	AUX
easat-4440	334	47	reduced	reduce	VERB
easat-4440	334	48	.	.	PUNCT
easat-4440	335	1	156	156	NUM
easat-4440	335	2	edelweiss	edelweiss	PROPN
easat-4440	335	3	applied	apply	VERB
easat-4440	335	4	science	science	NOUN
easat-4440	335	5	and	and	CCONJ
easat-4440	335	6	technology	technology	NOUN
easat-4440	335	7	issn	issn	PROPN
easat-4440	335	8	:	:	PUNCT
easat-4440	335	9	2576	2576	NUM
easat-4440	335	10	-	-	SYM
easat-4440	335	11	8484	8484	NUM
easat-4440	335	12	vol	vol	NOUN
easat-4440	335	13	.	.	PROPN
easat-4440	336	1	9	9	NUM
easat-4440	336	2	,	,	PUNCT
easat-4440	336	3	no	no	INTJ
easat-4440	336	4	.	.	NOUN
easat-4440	337	1	2	2	NUM
easat-4440	337	2	:	:	SYM
easat-4440	337	3	144	144	NUM
easat-4440	337	4	-	-	SYM
easat-4440	337	5	159	159	NUM
easat-4440	337	6	,	,	PUNCT
easat-4440	337	7	2025	2025	NUM
easat-4440	337	8	doi	doi	NOUN
easat-4440	337	9	:	:	PUNCT
easat-4440	337	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	337	11	©	©	PROPN
easat-4440	337	12	2025	2025	NUM
easat-4440	337	13	by	by	ADP
easat-4440	337	14	the	the	DET
easat-4440	337	15	author	author	NOUN
easat-4440	337	16	;	;	PUNCT
easat-4440	338	1	licensee	licensee	PROPN
easat-4440	338	2	learning	learn	VERB
easat-4440	338	3	gate	gate	NOUN
easat-4440	338	4	table	table	NOUN
easat-4440	338	5	6	6	NUM
easat-4440	338	6	.	.	PUNCT
easat-4440	338	7	ardl	ardl	PROPN
easat-4440	338	8	non	non	ADJ
easat-4440	338	9	-	-	ADJ
easat-4440	338	10	linear	linear	ADJ
easat-4440	338	11	analysis	analysis	NOUN
easat-4440	338	12	.	.	PUNCT
easat-4440	339	1	dependent	dependent	ADJ
easat-4440	339	2	variable	variable	NOUN
easat-4440	339	3	:	:	PUNCT
easat-4440	339	4	epu	epu	PROPN
easat-4440	339	5	mg	mg	PROPN
easat-4440	339	6	pmg	pmg	PROPN
easat-4440	339	7	hausman	hausman	PROPN
easat-4440	339	8	test	test	PROPN
easat-4440	339	9	results	result	NOUN
easat-4440	339	10	(	(	PUNCT
easat-4440	339	11	mg	mg	PROPN
easat-4440	339	12	vs	vs	ADP
easat-4440	339	13	pmg	pmg	PROPN
easat-4440	339	14	)	)	PUNCT
easat-4440	339	15	model1	model1	VERB
easat-4440	339	16	long	long	ADV
easat-4440	339	17	-	-	PUNCT
easat-4440	339	18	run	run	VERB
easat-4440	339	19	cc	cc	ADP
easat-4440	339	20	cc+	cc+	NOUN
easat-4440	339	21	4.487(0.313	4.487(0.313	NUM
easat-4440	339	22	)	)	PUNCT
easat-4440	339	23	4.552	4.552	NUM
easat-4440	339	24	(	(	PUNCT
easat-4440	339	25	0.308	0.308	NUM
easat-4440	339	26	)	)	PUNCT
easat-4440	339	27	2.003(0.037	2.003(0.037	NUM
easat-4440	339	28	)	)	PUNCT
easat-4440	339	29	*	*	PUNCT
easat-4440	339	30	-2.029(0.035	-2.029(0.035	PROPN
easat-4440	339	31	)	)	PUNCT
easat-4440	339	32	*	*	SYM
easat-4440	339	33	x2=1.81	x2=1.81	X
easat-4440	339	34	(	(	PUNCT
easat-4440	339	35	0.6118	0.6118	NUM
easat-4440	339	36	)	)	PUNCT
easat-4440	339	37	gdp	gdp	NOUN
easat-4440	339	38	2.509	2.509	NUM
easat-4440	339	39	(	(	PUNCT
easat-4440	339	40	0.183	0.183	NUM
easat-4440	339	41	)	)	PUNCT
easat-4440	339	42	2.132(0.000	2.132(0.000	NUM
easat-4440	339	43	)	)	PUNCT
easat-4440	339	44	short	short	ADJ
easat-4440	339	45	-	-	PUNCT
easat-4440	339	46	run	run	NOUN
easat-4440	339	47	cc	cc	NOUN
easat-4440	339	48	cc+	cc+	NOUN
easat-4440	339	49	0.104(0.986	0.104(0.986	X
easat-4440	339	50	)	)	PUNCT
easat-4440	339	51	0.109(0.986	0.109(0.986	NUM
easat-4440	339	52	)	)	PUNCT
easat-4440	339	53	2.739(0.568	2.739(0.568	NUM
easat-4440	339	54	)	)	PUNCT
easat-4440	339	55	2.747(0.566	2.747(0.566	NUM
easat-4440	339	56	)	)	PUNCT
easat-4440	339	57	gdp	gdp	NOUN
easat-4440	339	58	-1.484(0.013	-1.484(0.013	NOUN
easat-4440	339	59	)	)	PUNCT
easat-4440	339	60	-1.220(0.043	-1.220(0.043	PUNCT
easat-4440	339	61	)	)	PUNCT
easat-4440	339	62	ect	ect	X
easat-4440	339	63	-0.501(0.000	-0.501(0.000	PUNCT
easat-4440	339	64	)	)	PUNCT
easat-4440	339	65	-0.324(0.000	-0.324(0.000	PUNCT
easat-4440	339	66	)	)	PUNCT
easat-4440	339	67	model2	model2	NOUN
easat-4440	339	68	long	long	ADV
easat-4440	339	69	-	-	PUNCT
easat-4440	339	70	run	run	VERB
easat-4440	339	71	ge	ge	PROPN
easat-4440	339	72	ge+	ge+	PROPN
easat-4440	339	73	-2.020(0.533	-2.020(0.533	PUNCT
easat-4440	339	74	)	)	PUNCT
easat-4440	339	75	-1.959(0.547	-1.959(0.547	PUNCT
easat-4440	339	76	)	)	PUNCT
easat-4440	339	77	-1.342(0.180	-1.342(0.180	NOUN
easat-4440	339	78	)	)	PUNCT
easat-4440	339	79	-1.301(0.193	-1.301(0.193	NUM
easat-4440	339	80	)	)	PUNCT
easat-4440	339	81	x2=2.90	x2=2.90	PROPN
easat-4440	339	82	(	(	PUNCT
easat-4440	339	83	0.4080	0.4080	NUM
easat-4440	339	84	)	)	PUNCT
easat-4440	339	85	gdp	gdp	NOUN
easat-4440	339	86	4.849(0.010	4.849(0.010	NOUN
easat-4440	339	87	)	)	PUNCT
easat-4440	339	88	2.029(0.000	2.029(0.000	NUM
easat-4440	339	89	)	)	PUNCT
easat-4440	339	90	short	short	ADJ
easat-4440	339	91	-	-	PUNCT
easat-4440	339	92	run	run	NOUN
easat-4440	339	93	ge	ge	PROPN
easat-4440	339	94	ge+	ge+	PROPN
easat-4440	339	95	-1.190(0.544	-1.190(0.544	NOUN
easat-4440	339	96	)	)	PUNCT
easat-4440	339	97	-1.198(0.541	-1.198(0.541	PUNCT
easat-4440	339	98	)	)	PUNCT
easat-4440	339	99	-2.040(0.221	-2.040(0.221	X
easat-4440	339	100	)	)	PUNCT
easat-4440	339	101	-2.040(0.220	-2.040(0.220	NOUN
easat-4440	339	102	)	)	PUNCT
easat-4440	339	103	gdp	gdp	NOUN
easat-4440	339	104	-2.163(0.000	-2.163(0.000	PUNCT
easat-4440	339	105	)	)	PUNCT
easat-4440	339	106	-1.551(0.000	-1.551(0.000	PRON
easat-4440	339	107	)	)	PUNCT
easat-4440	339	108	ect	ect	X
easat-4440	339	109	-0.483(0.000	-0.483(0.000	NUM
easat-4440	339	110	)	)	PUNCT
easat-4440	339	111	-0.344(0.000	-0.344(0.000	ADJ
easat-4440	339	112	)	)	PUNCT
easat-4440	339	113	model3	model3	ADJ
easat-4440	339	114	long	long	ADJ
easat-4440	339	115	-	-	PUNCT
easat-4440	339	116	run	run	NOUN
easat-4440	339	117	psav	psav	NOUN
easat-4440	339	118	–	–	PUNCT
easat-4440	339	119	psav	psav	NOUN
easat-4440	339	120	+	+	CCONJ
easat-4440	339	121	0.684(0.571	0.684(0.571	X
easat-4440	339	122	)	)	PUNCT
easat-4440	339	123	0.749(0.540	0.749(0.540	PROPN
easat-4440	339	124	)	)	PUNCT
easat-4440	339	125	-1.375(0.000	-1.375(0.000	PUNCT
easat-4440	339	126	)	)	PUNCT
easat-4440	339	127	*	*	PUNCT
easat-4440	339	128	-1.383(0.000	-1.383(0.000	NUM
easat-4440	339	129	)	)	PUNCT
easat-4440	339	130	*	*	PUNCT
easat-4440	339	131	x2=2.91	x2=2.91	PUNCT
easat-4440	339	132	(	(	PUNCT
easat-4440	339	133	0.4064	0.4064	NUM
easat-4440	339	134	)	)	PUNCT
easat-4440	339	135	gdp	gdp	NOUN
easat-4440	339	136	3.396(0.300	3.396(0.300	NUM
easat-4440	339	137	)	)	PUNCT
easat-4440	339	138	1.541(0.000	1.541(0.000	NUM
easat-4440	339	139	)	)	PUNCT
easat-4440	339	140	*	*	PUNCT
easat-4440	339	141	short	short	ADJ
easat-4440	339	142	-	-	PUNCT
easat-4440	339	143	run	run	NOUN
easat-4440	339	144	psav	psav	NOUN
easat-4440	339	145	psav	psav	NOUN
easat-4440	339	146	+	+	CCONJ
easat-4440	339	147	-1.132(0.727	-1.132(0.727	CCONJ
easat-4440	339	148	)	)	PUNCT
easat-4440	339	149	-1.121(0.743	-1.121(0.743	NUM
easat-4440	339	150	)	)	PUNCT
easat-4440	339	151	-0.109(0.682	-0.109(0.682	ADJ
easat-4440	339	152	)	)	PUNCT
easat-4440	339	153	-0.102(0.692	-0.102(0.692	PRON
easat-4440	339	154	)	)	PUNCT
easat-4440	339	155	gdp	gdp	NOUN
easat-4440	339	156	-1.528(0.000	-1.528(0.000	NOUN
easat-4440	339	157	)	)	PUNCT
easat-4440	339	158	-1.425(0.008	-1.425(0.008	PUNCT
easat-4440	339	159	)	)	PUNCT
easat-4440	339	160	ect	ect	X
easat-4440	339	161	-0.442(0.000	-0.442(0.000	VERB
easat-4440	339	162	)	)	PUNCT
easat-4440	339	163	-0.312(0.000	-0.312(0.000	NUM
easat-4440	339	164	)	)	PUNCT
easat-4440	339	165	model4	model4	NOUN
easat-4440	339	166	long	long	ADV
easat-4440	339	167	-	-	PUNCT
easat-4440	339	168	run	run	VERB
easat-4440	339	169	rq	rq	NOUN
easat-4440	339	170	rq	rq	X
easat-4440	339	171	+	+	X
easat-4440	339	172	1.883(0.255	1.883(0.255	NUM
easat-4440	339	173	)	)	PUNCT
easat-4440	339	174	1.806(0.254	1.806(0.254	NUM
easat-4440	339	175	)	)	PUNCT
easat-4440	339	176	3.976(0.002	3.976(0.002	NUM
easat-4440	339	177	)	)	PUNCT
easat-4440	339	178	*	*	SYM
easat-4440	339	179	3.943(0.002	3.943(0.002	NUM
easat-4440	339	180	)	)	PUNCT
easat-4440	339	181	*	*	PUNCT
easat-4440	339	182	x2=1.18	x2=1.18	PROPN
easat-4440	339	183	(	(	PUNCT
easat-4440	339	184	0.7586	0.7586	NUM
easat-4440	339	185	)	)	PUNCT
easat-4440	339	186	gdp	gdp	NOUN
easat-4440	339	187	3.470(0.102	3.470(0.102	NUM
easat-4440	339	188	)	)	PUNCT
easat-4440	339	189	1.704(0.000	1.704(0.000	NUM
easat-4440	339	190	)	)	PUNCT
easat-4440	339	191	short	short	ADJ
easat-4440	339	192	-	-	PUNCT
easat-4440	339	193	run	run	NOUN
easat-4440	339	194	rq	rq	NOUN
easat-4440	339	195	rq+	rq+	ADJ
easat-4440	339	196	-1.946(0.199	-1.946(0.199	NOUN
easat-4440	339	197	)	)	PUNCT
easat-4440	339	198	-1.946(0.200	-1.946(0.200	NUM
easat-4440	339	199	)	)	PUNCT
easat-4440	339	200	-1.166(0.141	-1.166(0.141	NUM
easat-4440	339	201	)	)	PUNCT
easat-4440	339	202	-1.167(0.142	-1.167(0.142	PRON
easat-4440	339	203	)	)	PUNCT
easat-4440	339	204	gdp	gdp	NOUN
easat-4440	339	205	-1.429(0.004	-1.429(0.004	NOUN
easat-4440	339	206	)	)	PUNCT
easat-4440	339	207	-1.448(0.002	-1.448(0.002	PUNCT
easat-4440	339	208	)	)	PUNCT
easat-4440	339	209	ect	ect	X
easat-4440	339	210	-0.432(0.000	-0.432(0.000	NUM
easat-4440	339	211	)	)	PUNCT
easat-4440	339	212	-0.283(0.002	-0.283(0.002	NUM
easat-4440	339	213	)	)	PUNCT
easat-4440	339	214	model5	model5	NOUN
easat-4440	339	215	long	long	ADV
easat-4440	339	216	-	-	PUNCT
easat-4440	339	217	run	run	VERB
easat-4440	339	218	rl	rl	PROPN
easat-4440	339	219	rl+	rl+	NOUN
easat-4440	339	220	-5.312(0.706	-5.312(0.706	PUNCT
easat-4440	339	221	)	)	PUNCT
easat-4440	339	222	-5.031(0.715	-5.031(0.715	NOUN
easat-4440	339	223	)	)	PUNCT
easat-4440	339	224	-0.697(0.711	-0.697(0.711	PUNCT
easat-4440	339	225	)	)	PUNCT
easat-4440	339	226	-0.695(0.711	-0.695(0.711	PUNCT
easat-4440	339	227	)	)	PUNCT
easat-4440	339	228	x2=3.19	x2=3.19	NOUN
easat-4440	339	229	(	(	PUNCT
easat-4440	339	230	0.3628	0.3628	NUM
easat-4440	339	231	)	)	PUNCT
easat-4440	339	232	gdp	gdp	NOUN
easat-4440	339	233	1.572(0.000	1.572(0.000	NUM
easat-4440	339	234	)	)	PUNCT
easat-4440	339	235	2.719(0.000	2.719(0.000	NUM
easat-4440	339	236	)	)	PUNCT
easat-4440	339	237	short	short	ADJ
easat-4440	339	238	-	-	PUNCT
easat-4440	339	239	run	run	NOUN
easat-4440	339	240	rl	rl	PROPN
easat-4440	339	241	rl+	rl+	NOUN
easat-4440	339	242	-5.046(0.056	-5.046(0.056	PUNCT
easat-4440	339	243	)	)	PUNCT
easat-4440	339	244	-5.547(0.056	-5.547(0.056	PROPN
easat-4440	339	245	)	)	PUNCT
easat-4440	339	246	-2.118(0.272	-2.118(0.272	NUM
easat-4440	339	247	)	)	PUNCT
easat-4440	339	248	-2.117(0.272	-2.117(0.272	PUNCT
easat-4440	339	249	)	)	PUNCT
easat-4440	339	250	gdp	gdp	NOUN
easat-4440	339	251	-1.427(0.003	-1.427(0.003	NOUN
easat-4440	339	252	)	)	PUNCT
easat-4440	339	253	-1.641(0.002	-1.641(0.002	PROPN
easat-4440	339	254	)	)	PUNCT
easat-4440	339	255	ect	ect	X
easat-4440	339	256	-0.437(0.000	-0.437(0.000	PUNCT
easat-4440	339	257	)	)	PUNCT
easat-4440	339	258	-0.285(0.000	-0.285(0.000	PUNCT
easat-4440	339	259	)	)	PUNCT
easat-4440	339	260	model6	model6	NOUN
easat-4440	340	1	long	long	ADV
easat-4440	340	2	-	-	PUNCT
easat-4440	340	3	run	run	NOUN
easat-4440	340	4	va	va	PROPN
easat-4440	340	5	va+	va+	PROPN
easat-4440	340	6	-4.401(0.091	-4.401(0.091	CCONJ
easat-4440	340	7	)	)	PUNCT
easat-4440	340	8	-4.420(0.088	-4.420(0.088	PUNCT
easat-4440	340	9	)	)	PUNCT
easat-4440	340	10	-3.787(0.000	-3.787(0.000	PUNCT
easat-4440	340	11	)	)	PUNCT
easat-4440	340	12	*	*	PUNCT
easat-4440	340	13	-3.861(0.000	-3.861(0.000	PROPN
easat-4440	340	14	)	)	PUNCT
easat-4440	340	15	*	*	PUNCT
easat-4440	340	16	x2=0.75	x2=0.75	PROPN
easat-4440	340	17	(	(	PUNCT
easat-4440	340	18	0.8617	0.8617	NUM
easat-4440	340	19	)	)	PUNCT
easat-4440	340	20	gdp	gdp	NOUN
easat-4440	340	21	3.107(0.089	3.107(0.089	NOUN
easat-4440	340	22	)	)	PUNCT
easat-4440	340	23	2.452(0.000	2.452(0.000	NUM
easat-4440	340	24	)	)	PUNCT
easat-4440	340	25	short	short	ADJ
easat-4440	340	26	-	-	PUNCT
easat-4440	340	27	run	run	NOUN
easat-4440	340	28	va	va	PROPN
easat-4440	340	29	–	–	PUNCT
easat-4440	340	30	va+	va+	PROPN
easat-4440	340	31	-2.150(0.195	-2.150(0.195	NOUN
easat-4440	340	32	)	)	PUNCT
easat-4440	340	33	-2.133(0.198	-2.133(0.198	ADJ
easat-4440	340	34	)	)	PUNCT
easat-4440	340	35	-1.322(0.356	-1.322(0.356	PROPN
easat-4440	340	36	)	)	PUNCT
easat-4440	340	37	-1.298(0.362	-1.298(0.362	NUM
easat-4440	340	38	)	)	PUNCT
easat-4440	340	39	gdp	gdp	NOUN
easat-4440	340	40	-2.186(0.034	-2.186(0.034	PUNCT
easat-4440	340	41	)	)	PUNCT
easat-4440	340	42	-1.216(0.072	-1.216(0.072	PUNCT
easat-4440	340	43	)	)	PUNCT
easat-4440	340	44	ect	ect	X
easat-4440	340	45	-0.530(0.000	-0.530(0.000	NUM
easat-4440	340	46	)	)	PUNCT
easat-4440	340	47	-0.351(0.000	-0.351(0.000	PUNCT
easat-4440	340	48	)	)	PUNCT
easat-4440	340	49	note	note	NOUN
easat-4440	340	50	:	:	PUNCT
easat-4440	340	51	*	*	PUNCT
easat-4440	340	52	implies	imply	VERB
easat-4440	340	53	statistical	statistical	ADJ
easat-4440	340	54	significance	significance	NOUN
easat-4440	340	55	at	at	ADP
easat-4440	340	56	the	the	DET
easat-4440	340	57	5	5	NUM
easat-4440	340	58	%	%	NOUN
easat-4440	340	59	level	level	NOUN
easat-4440	340	60	.	.	PUNCT
easat-4440	341	1	5	5	X
easat-4440	341	2	.	.	X
easat-4440	341	3	conclusion	conclusion	NOUN
easat-4440	341	4	and	and	CCONJ
easat-4440	341	5	discussion	discussion	NOUN
easat-4440	341	6	regulatory	regulatory	ADJ
easat-4440	341	7	measures	measure	NOUN
easat-4440	341	8	taken	take	VERB
easat-4440	341	9	in	in	ADP
easat-4440	341	10	the	the	DET
easat-4440	341	11	face	face	NOUN
easat-4440	341	12	of	of	ADP
easat-4440	341	13	unexpected	unexpected	ADJ
easat-4440	341	14	events	event	NOUN
easat-4440	341	15	such	such	ADJ
easat-4440	341	16	as	as	ADP
easat-4440	341	17	economic	economic	ADJ
easat-4440	341	18	crises	crisis	NOUN
easat-4440	341	19	,	,	PUNCT
easat-4440	341	20	wars	war	NOUN
easat-4440	341	21	and	and	CCONJ
easat-4440	341	22	government	government	NOUN
easat-4440	341	23	changes	change	NOUN
easat-4440	341	24	in	in	ADP
easat-4440	341	25	today	today	NOUN
easat-4440	341	26	's	's	PART
easat-4440	341	27	world	world	NOUN
easat-4440	341	28	can	can	AUX
easat-4440	341	29	have	have	VERB
easat-4440	341	30	negative	negative	ADJ
easat-4440	341	31	consequences	consequence	NOUN
easat-4440	341	32	on	on	ADP
easat-4440	341	33	the	the	DET
easat-4440	341	34	economy	economy	NOUN
easat-4440	341	35	by	by	ADP
easat-4440	341	36	creating	create	VERB
easat-4440	341	37	uncertainties	uncertainty	NOUN
easat-4440	341	38	in	in	ADP
easat-4440	341	39	monetary	monetary	ADJ
easat-4440	341	40	and	and	CCONJ
easat-4440	341	41	fiscal	fiscal	ADJ
easat-4440	341	42	policies	policy	NOUN
easat-4440	341	43	.	.	PUNCT
easat-4440	342	1	these	these	DET
easat-4440	342	2	uncertainties	uncertainty	NOUN
easat-4440	342	3	in	in	ADP
easat-4440	342	4	economic	economic	ADJ
easat-4440	342	5	policy	policy	NOUN
easat-4440	342	6	can	can	AUX
easat-4440	342	7	affect	affect	VERB
easat-4440	342	8	society	society	NOUN
easat-4440	342	9	at	at	ADP
easat-4440	342	10	macro	macro	NOUN
easat-4440	342	11	and	and	CCONJ
easat-4440	342	12	micro	micro	ADJ
easat-4440	342	13	levels	level	NOUN
easat-4440	342	14	and	and	CCONJ
easat-4440	342	15	cause	cause	VERB
easat-4440	342	16	changes	change	NOUN
easat-4440	342	17	in	in	ADP
easat-4440	342	18	producer	producer	NOUN
easat-4440	342	19	and	and	CCONJ
easat-4440	342	20	consumer	consumer	NOUN
easat-4440	342	21	decisions	decision	NOUN
easat-4440	342	22	.	.	PUNCT
easat-4440	343	1	in	in	ADP
easat-4440	343	2	the	the	DET
easat-4440	343	3	event	event	NOUN
easat-4440	343	4	of	of	ADP
easat-4440	343	5	the	the	DET
easat-4440	343	6	157	157	NUM
easat-4440	343	7	edelweiss	edelweiss	PROPN
easat-4440	343	8	applied	apply	VERB
easat-4440	343	9	science	science	NOUN
easat-4440	343	10	and	and	CCONJ
easat-4440	343	11	technology	technology	NOUN
easat-4440	343	12	issn	issn	PROPN
easat-4440	343	13	:	:	PUNCT
easat-4440	343	14	2576	2576	NUM
easat-4440	343	15	-	-	SYM
easat-4440	343	16	8484	8484	NUM
easat-4440	343	17	vol	vol	NOUN
easat-4440	343	18	.	.	PROPN
easat-4440	343	19	9	9	NUM
easat-4440	343	20	,	,	PUNCT
easat-4440	343	21	no	no	INTJ
easat-4440	343	22	.	.	NOUN
easat-4440	343	23	2	2	NUM
easat-4440	343	24	:	:	SYM
easat-4440	343	25	144	144	NUM
easat-4440	343	26	-	-	SYM
easat-4440	343	27	159	159	NUM
easat-4440	343	28	,	,	PUNCT
easat-4440	343	29	2025	2025	NUM
easat-4440	343	30	doi	doi	NOUN
easat-4440	343	31	:	:	PUNCT
easat-4440	343	32	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	343	33	©	©	PROPN
easat-4440	343	34	2025	2025	NUM
easat-4440	343	35	by	by	ADP
easat-4440	343	36	the	the	DET
easat-4440	343	37	author	author	NOUN
easat-4440	343	38	;	;	PUNCT
easat-4440	343	39	licensee	licensee	PROPN
easat-4440	343	40	learning	learn	VERB
easat-4440	343	41	gate	gate	VERB
easat-4440	343	42	uncertainty	uncertainty	NOUN
easat-4440	343	43	of	of	ADP
easat-4440	343	44	economic	economic	ADJ
easat-4440	343	45	policy	policy	NOUN
easat-4440	343	46	,	,	PUNCT
easat-4440	343	47	the	the	DET
easat-4440	343	48	decisions	decision	NOUN
easat-4440	343	49	of	of	ADP
easat-4440	343	50	individuals	individual	NOUN
easat-4440	343	51	and	and	CCONJ
easat-4440	343	52	companies	company	NOUN
easat-4440	343	53	about	about	ADP
easat-4440	343	54	the	the	DET
easat-4440	343	55	future	future	NOUN
easat-4440	343	56	may	may	AUX
easat-4440	343	57	change	change	VERB
easat-4440	343	58	in	in	ADP
easat-4440	343	59	a	a	DET
easat-4440	343	60	biased	biased	ADJ
easat-4440	343	61	,	,	PUNCT
easat-4440	343	62	unrealistic	unrealistic	ADJ
easat-4440	343	63	and	and	CCONJ
easat-4440	343	64	pessimistic	pessimistic	ADJ
easat-4440	343	65	way	way	NOUN
easat-4440	343	66	.	.	PUNCT
easat-4440	344	1	in	in	ADP
easat-4440	344	2	the	the	DET
easat-4440	344	3	next	next	ADJ
easat-4440	344	4	period	period	NOUN
easat-4440	344	5	,	,	PUNCT
easat-4440	344	6	consumers	consumer	NOUN
easat-4440	344	7	can	can	AUX
easat-4440	344	8	reduce	reduce	VERB
easat-4440	344	9	their	their	PRON
easat-4440	344	10	consumption	consumption	NOUN
easat-4440	344	11	and	and	CCONJ
easat-4440	344	12	increase	increase	VERB
easat-4440	344	13	their	their	PRON
easat-4440	344	14	savings	saving	NOUN
easat-4440	344	15	.	.	PUNCT
easat-4440	345	1	moreover	moreover	ADV
easat-4440	345	2	,	,	PUNCT
easat-4440	345	3	companies	company	NOUN
easat-4440	345	4	can	can	AUX
easat-4440	345	5	postpone	postpone	VERB
easat-4440	345	6	their	their	PRON
easat-4440	345	7	investment	investment	NOUN
easat-4440	345	8	decisions	decision	NOUN
easat-4440	345	9	.	.	PUNCT
easat-4440	346	1	at	at	ADP
easat-4440	346	2	the	the	DET
easat-4440	346	3	same	same	ADJ
easat-4440	346	4	time	time	NOUN
easat-4440	346	5	,	,	PUNCT
easat-4440	346	6	the	the	DET
easat-4440	346	7	uncertainty	uncertainty	NOUN
easat-4440	346	8	experienced	experience	VERB
easat-4440	346	9	in	in	ADP
easat-4440	346	10	economic	economic	ADJ
easat-4440	346	11	policy	policy	NOUN
easat-4440	346	12	increases	increase	VERB
easat-4440	346	13	the	the	DET
easat-4440	346	14	risk	risk	NOUN
easat-4440	346	15	environment	environment	NOUN
easat-4440	346	16	in	in	ADP
easat-4440	346	17	the	the	DET
easat-4440	346	18	markets	market	NOUN
easat-4440	346	19	.	.	PUNCT
easat-4440	347	1	since	since	SCONJ
easat-4440	347	2	this	this	DET
easat-4440	347	3	situation	situation	NOUN
easat-4440	347	4	increases	increase	VERB
easat-4440	347	5	borrowing	borrowing	NOUN
easat-4440	347	6	costs	cost	NOUN
easat-4440	347	7	,	,	PUNCT
easat-4440	347	8	firms	firm	NOUN
easat-4440	347	9	and	and	CCONJ
easat-4440	347	10	banks	bank	NOUN
easat-4440	347	11	may	may	AUX
easat-4440	347	12	choose	choose	VERB
easat-4440	347	13	to	to	PART
easat-4440	347	14	increase	increase	VERB
easat-4440	347	15	their	their	PRON
easat-4440	347	16	savings	saving	NOUN
easat-4440	347	17	rates	rate	NOUN
easat-4440	347	18	as	as	SCONJ
easat-4440	347	19	they	they	PRON
easat-4440	347	20	feel	feel	VERB
easat-4440	347	21	the	the	DET
easat-4440	347	22	need	need	NOUN
easat-4440	347	23	to	to	PART
easat-4440	347	24	hold	hold	VERB
easat-4440	347	25	more	more	ADJ
easat-4440	347	26	cash	cash	NOUN
easat-4440	347	27	for	for	ADP
easat-4440	347	28	precautionary	precautionary	ADJ
easat-4440	347	29	purposes	purpose	NOUN
easat-4440	347	30	.	.	PUNCT
easat-4440	348	1	therefore	therefore	ADV
easat-4440	348	2	,	,	PUNCT
easat-4440	348	3	the	the	DET
easat-4440	348	4	measures	measure	NOUN
easat-4440	348	5	taken	take	VERB
easat-4440	348	6	in	in	ADP
easat-4440	348	7	an	an	DET
easat-4440	348	8	environment	environment	NOUN
easat-4440	348	9	of	of	ADP
easat-4440	348	10	uncertainty	uncertainty	NOUN
easat-4440	348	11	pave	pave	VERB
easat-4440	348	12	the	the	DET
easat-4440	348	13	way	way	NOUN
easat-4440	348	14	for	for	ADP
easat-4440	348	15	disruption	disruption	NOUN
easat-4440	348	16	of	of	ADP
easat-4440	348	17	investment	investment	NOUN
easat-4440	348	18	,	,	PUNCT
easat-4440	348	19	employment	employment	NOUN
easat-4440	348	20	and	and	CCONJ
easat-4440	348	21	production	production	NOUN
easat-4440	348	22	activities	activity	NOUN
easat-4440	348	23	.	.	PUNCT
easat-4440	349	1	negative	negative	ADJ
easat-4440	349	2	market	market	NOUN
easat-4440	349	3	expectations	expectation	NOUN
easat-4440	349	4	may	may	AUX
easat-4440	349	5	cause	cause	VERB
easat-4440	349	6	economic	economic	ADJ
easat-4440	349	7	activity	activity	NOUN
easat-4440	349	8	to	to	PART
easat-4440	349	9	stagnate	stagnate	VERB
easat-4440	349	10	and	and	CCONJ
easat-4440	349	11	economic	economic	ADJ
easat-4440	349	12	performance	performance	NOUN
easat-4440	349	13	to	to	PART
easat-4440	349	14	slow	slow	VERB
easat-4440	349	15	.	.	PUNCT
easat-4440	350	1	institutions	institution	NOUN
easat-4440	350	2	that	that	PRON
easat-4440	350	3	shape	shape	VERB
easat-4440	350	4	economic	economic	ADJ
easat-4440	350	5	,	,	PUNCT
easat-4440	350	6	social	social	ADJ
easat-4440	350	7	and	and	CCONJ
easat-4440	350	8	political	political	ADJ
easat-4440	350	9	relations	relation	NOUN
easat-4440	350	10	between	between	ADP
easat-4440	350	11	individuals	individual	NOUN
easat-4440	350	12	and	and	CCONJ
easat-4440	350	13	economic	economic	ADJ
easat-4440	350	14	actors	actor	NOUN
easat-4440	350	15	can	can	AUX
easat-4440	350	16	directly	directly	ADV
easat-4440	350	17	or	or	CCONJ
easat-4440	350	18	indirectly	indirectly	ADV
easat-4440	350	19	impact	impact	VERB
easat-4440	350	20	the	the	DET
easat-4440	350	21	economy	economy	NOUN
easat-4440	350	22	by	by	ADP
easat-4440	350	23	influencing	influence	VERB
easat-4440	350	24	decisions	decision	NOUN
easat-4440	350	25	such	such	ADJ
easat-4440	350	26	as	as	ADP
easat-4440	350	27	production	production	NOUN
easat-4440	350	28	,	,	PUNCT
easat-4440	350	29	consumption	consumption	NOUN
easat-4440	350	30	,	,	PUNCT
easat-4440	350	31	investment	investment	NOUN
easat-4440	350	32	and	and	CCONJ
easat-4440	350	33	employment	employment	NOUN
easat-4440	350	34	.	.	PUNCT
easat-4440	351	1	indicators	indicator	NOUN
easat-4440	351	2	such	such	ADJ
easat-4440	351	3	as	as	ADP
easat-4440	351	4	control	control	NOUN
easat-4440	351	5	of	of	ADP
easat-4440	351	6	corruption	corruption	NOUN
easat-4440	351	7	,	,	PUNCT
easat-4440	351	8	government	government	NOUN
easat-4440	351	9	effectiveness	effectiveness	NOUN
easat-4440	351	10	,	,	PUNCT
easat-4440	351	11	regulatory	regulatory	ADJ
easat-4440	351	12	quality	quality	NOUN
easat-4440	351	13	,	,	PUNCT
easat-4440	351	14	rule	rule	NOUN
easat-4440	351	15	of	of	ADP
easat-4440	351	16	law	law	NOUN
easat-4440	351	17	,	,	PUNCT
easat-4440	351	18	political	political	ADJ
easat-4440	351	19	stability	stability	NOUN
easat-4440	351	20	and	and	CCONJ
easat-4440	351	21	absence	absence	NOUN
easat-4440	351	22	of	of	ADP
easat-4440	351	23	violence	violence	NOUN
easat-4440	351	24	and	and	CCONJ
easat-4440	351	25	voice	voice	NOUN
easat-4440	351	26	and	and	CCONJ
easat-4440	351	27	accountability	accountability	NOUN
easat-4440	351	28	,	,	PUNCT
easat-4440	351	29	which	which	PRON
easat-4440	351	30	are	be	AUX
easat-4440	351	31	also	also	ADV
easat-4440	351	32	expressed	express	VERB
easat-4440	351	33	as	as	ADP
easat-4440	351	34	good	good	ADJ
easat-4440	351	35	governance	governance	NOUN
easat-4440	351	36	indicators	indicator	NOUN
easat-4440	351	37	within	within	ADP
easat-4440	351	38	the	the	DET
easat-4440	351	39	scope	scope	NOUN
easat-4440	351	40	of	of	ADP
easat-4440	351	41	the	the	DET
easat-4440	351	42	world	world	NOUN
easat-4440	351	43	bank	bank	NOUN
easat-4440	351	44	governance	governance	NOUN
easat-4440	351	45	indicators	indicator	NOUN
easat-4440	351	46	project	project	NOUN
easat-4440	351	47	,	,	PUNCT
easat-4440	351	48	are	be	AUX
easat-4440	351	49	the	the	DET
easat-4440	351	50	factors	factor	NOUN
easat-4440	351	51	that	that	PRON
easat-4440	351	52	enable	enable	VERB
easat-4440	351	53	us	we	PRON
easat-4440	351	54	to	to	PART
easat-4440	351	55	obtain	obtain	VERB
easat-4440	351	56	information	information	NOUN
easat-4440	351	57	about	about	ADP
easat-4440	351	58	the	the	DET
easat-4440	351	59	political	political	ADJ
easat-4440	351	60	and	and	CCONJ
easat-4440	351	61	institutional	institutional	ADJ
easat-4440	351	62	structure	structure	NOUN
easat-4440	351	63	of	of	ADP
easat-4440	351	64	the	the	DET
easat-4440	351	65	country	country	NOUN
easat-4440	351	66	and	and	CCONJ
easat-4440	351	67	also	also	ADV
easat-4440	351	68	increase	increase	VERB
easat-4440	351	69	the	the	DET
easat-4440	351	70	institutional	institutional	ADJ
easat-4440	351	71	quality	quality	NOUN
easat-4440	351	72	.	.	PUNCT
easat-4440	352	1	the	the	DET
easat-4440	352	2	presence	presence	NOUN
easat-4440	352	3	of	of	ADP
easat-4440	352	4	strong	strong	ADJ
easat-4440	352	5	institutional	institutional	ADJ
easat-4440	352	6	factors	factor	NOUN
easat-4440	352	7	prevents	prevent	VERB
easat-4440	352	8	market	market	NOUN
easat-4440	352	9	failures	failure	NOUN
easat-4440	352	10	and	and	CCONJ
easat-4440	352	11	activities	activity	NOUN
easat-4440	352	12	that	that	PRON
easat-4440	352	13	raise	raise	VERB
easat-4440	352	14	transaction	transaction	NOUN
easat-4440	352	15	costs	cost	NOUN
easat-4440	352	16	,	,	PUNCT
easat-4440	352	17	which	which	PRON
easat-4440	352	18	lead	lead	VERB
easat-4440	352	19	to	to	ADP
easat-4440	352	20	negative	negative	ADJ
easat-4440	352	21	situations	situation	NOUN
easat-4440	352	22	such	such	ADJ
easat-4440	352	23	as	as	ADP
easat-4440	352	24	rent	rent	NOUN
easat-4440	352	25	-	-	PUNCT
easat-4440	352	26	seeking	seeking	NOUN
easat-4440	352	27	,	,	PUNCT
easat-4440	352	28	moral	moral	ADJ
easat-4440	352	29	hazard	hazard	NOUN
easat-4440	352	30	,	,	PUNCT
easat-4440	352	31	and	and	CCONJ
easat-4440	352	32	mismanagement	mismanagement	NOUN
easat-4440	352	33	,	,	PUNCT
easat-4440	352	34	and	and	CCONJ
easat-4440	352	35	provides	provide	VERB
easat-4440	352	36	legitimacy	legitimacy	NOUN
easat-4440	352	37	to	to	ADP
easat-4440	352	38	the	the	DET
easat-4440	352	39	measures	measure	NOUN
easat-4440	352	40	implemented	implement	VERB
easat-4440	352	41	.	.	PUNCT
easat-4440	353	1	by	by	ADP
easat-4440	353	2	placing	place	VERB
easat-4440	353	3	economic	economic	ADJ
easat-4440	353	4	activities	activity	NOUN
easat-4440	353	5	in	in	ADP
easat-4440	353	6	a	a	DET
easat-4440	353	7	specific	specific	ADJ
easat-4440	353	8	order	order	NOUN
easat-4440	353	9	in	in	ADP
easat-4440	353	10	societies	society	NOUN
easat-4440	353	11	,	,	PUNCT
easat-4440	353	12	increasing	increase	VERB
easat-4440	353	13	the	the	DET
easat-4440	353	14	functions	function	NOUN
easat-4440	353	15	of	of	ADP
easat-4440	353	16	institutional	institutional	ADJ
easat-4440	353	17	factors	factor	NOUN
easat-4440	353	18	can	can	AUX
easat-4440	353	19	make	make	VERB
easat-4440	353	20	economic	economic	ADJ
easat-4440	353	21	policy	policy	NOUN
easat-4440	353	22	clearer	clear	ADJ
easat-4440	353	23	and	and	CCONJ
easat-4440	353	24	more	more	ADV
easat-4440	353	25	understandable	understandable	ADJ
easat-4440	353	26	.	.	PUNCT
easat-4440	354	1	simultaneously	simultaneously	ADV
easat-4440	354	2	,	,	PUNCT
easat-4440	354	3	the	the	DET
easat-4440	354	4	uncertain	uncertain	ADJ
easat-4440	354	5	environment	environment	NOUN
easat-4440	354	6	in	in	ADP
easat-4440	354	7	the	the	DET
easat-4440	354	8	economy	economy	NOUN
easat-4440	354	9	can	can	AUX
easat-4440	354	10	be	be	AUX
easat-4440	354	11	reduced	reduce	VERB
easat-4440	354	12	by	by	ADP
easat-4440	354	13	controlling	control	VERB
easat-4440	354	14	the	the	DET
easat-4440	354	15	illegal	illegal	ADJ
easat-4440	354	16	actions	action	NOUN
easat-4440	354	17	that	that	PRON
easat-4440	354	18	may	may	AUX
easat-4440	354	19	occur	occur	VERB
easat-4440	354	20	because	because	SCONJ
easat-4440	354	21	of	of	ADP
easat-4440	354	22	the	the	DET
easat-4440	354	23	existence	existence	NOUN
easat-4440	354	24	of	of	ADP
easat-4440	354	25	institutional	institutional	ADJ
easat-4440	354	26	factors	factor	NOUN
easat-4440	354	27	which	which	PRON
easat-4440	354	28	are	be	AUX
easat-4440	354	29	based	base	VERB
easat-4440	354	30	on	on	ADP
easat-4440	354	31	the	the	DET
easat-4440	354	32	transparency	transparency	NOUN
easat-4440	354	33	,	,	PUNCT
easat-4440	354	34	accountability	accountability	NOUN
easat-4440	354	35	,	,	PUNCT
easat-4440	354	36	and	and	CCONJ
easat-4440	354	37	auditability	auditability	NOUN
easat-4440	354	38	of	of	ADP
easat-4440	354	39	the	the	DET
easat-4440	354	40	economy	economy	NOUN
easat-4440	354	41	's	's	PART
easat-4440	354	42	activities	activity	NOUN
easat-4440	354	43	.	.	PUNCT
easat-4440	355	1	the	the	DET
easat-4440	355	2	negative	negative	ADJ
easat-4440	355	3	effects	effect	NOUN
easat-4440	355	4	of	of	ADP
easat-4440	355	5	epu	epu	NOUN
easat-4440	355	6	can	can	AUX
easat-4440	355	7	be	be	AUX
easat-4440	355	8	mitigated	mitigate	VERB
easat-4440	355	9	by	by	ADP
easat-4440	355	10	improving	improve	VERB
easat-4440	355	11	the	the	DET
easat-4440	355	12	quality	quality	NOUN
easat-4440	355	13	of	of	ADP
easat-4440	355	14	institutional	institutional	ADJ
easat-4440	355	15	factors	factor	NOUN
easat-4440	355	16	,	,	PUNCT
easat-4440	355	17	which	which	PRON
easat-4440	355	18	protects	protect	VERB
easat-4440	355	19	investor	investor	NOUN
easat-4440	355	20	rights	right	NOUN
easat-4440	355	21	,	,	PUNCT
easat-4440	355	22	eliminates	eliminate	VERB
easat-4440	355	23	information	information	NOUN
easat-4440	355	24	asymmetry	asymmetry	NOUN
easat-4440	355	25	and	and	CCONJ
easat-4440	355	26	ensures	ensure	VERB
easat-4440	355	27	political	political	ADJ
easat-4440	355	28	stability	stability	NOUN
easat-4440	355	29	.	.	PUNCT
easat-4440	356	1	in	in	ADP
easat-4440	356	2	this	this	DET
easat-4440	356	3	study	study	NOUN
easat-4440	356	4	,	,	PUNCT
easat-4440	356	5	which	which	PRON
easat-4440	356	6	examines	examine	VERB
easat-4440	356	7	the	the	DET
easat-4440	356	8	effect	effect	NOUN
easat-4440	356	9	of	of	ADP
easat-4440	356	10	institutional	institutional	ADJ
easat-4440	356	11	factors	factor	NOUN
easat-4440	356	12	on	on	ADP
easat-4440	356	13	epu	epu	PROPN
easat-4440	356	14	,	,	PUNCT
easat-4440	356	15	pesaran	pesaran	NOUN
easat-4440	356	16	and	and	CCONJ
easat-4440	356	17	smith	smith	NOUN
easat-4440	356	18	[	[	X
easat-4440	356	19	32	32	NUM
easat-4440	356	20	]	]	PUNCT
easat-4440	356	21	analysis	analysis	NOUN
easat-4440	356	22	method	method	NOUN
easat-4440	356	23	,	,	PUNCT
easat-4440	356	24	which	which	PRON
easat-4440	356	25	allows	allow	VERB
easat-4440	356	26	cross	cross	ADJ
easat-4440	356	27	-	-	ADJ
easat-4440	356	28	sectional	sectional	ADJ
easat-4440	356	29	dependence	dependence	NOUN
easat-4440	356	30	in	in	ADP
easat-4440	356	31	panel	panel	NOUN
easat-4440	356	32	data	datum	NOUN
easat-4440	356	33	,	,	PUNCT
easat-4440	356	34	was	be	AUX
easat-4440	356	35	applied	apply	VERB
easat-4440	356	36	because	because	SCONJ
easat-4440	356	37	of	of	ADP
easat-4440	356	38	examining	examine	VERB
easat-4440	356	39	the	the	DET
easat-4440	356	40	cointegration	cointegration	NOUN
easat-4440	356	41	relationship	relationship	NOUN
easat-4440	356	42	among	among	ADP
easat-4440	356	43	parameters	parameter	NOUN
easat-4440	356	44	.	.	PUNCT
easat-4440	357	1	once	once	SCONJ
easat-4440	357	2	it	it	PRON
easat-4440	357	3	has	have	AUX
easat-4440	357	4	been	be	AUX
easat-4440	357	5	determined	determine	VERB
easat-4440	357	6	that	that	SCONJ
easat-4440	357	7	the	the	DET
easat-4440	357	8	parameters	parameter	NOUN
easat-4440	357	9	have	have	VERB
easat-4440	357	10	a	a	DET
easat-4440	357	11	cointegration	cointegration	NOUN
easat-4440	357	12	relationship	relationship	NOUN
easat-4440	357	13	,	,	PUNCT
easat-4440	357	14	ardl	ardl	NOUN
easat-4440	357	15	linear	linear	PROPN
easat-4440	357	16	and	and	CCONJ
easat-4440	357	17	ardl	ardl	PROPN
easat-4440	357	18	nonlinear	nonlinear	NOUN
easat-4440	357	19	analyses	analysis	NOUN
easat-4440	357	20	were	be	AUX
easat-4440	357	21	used	use	VERB
easat-4440	357	22	to	to	PART
easat-4440	357	23	estimate	estimate	VERB
easat-4440	357	24	the	the	DET
easat-4440	357	25	coefficients	coefficient	NOUN
easat-4440	357	26	.	.	PUNCT
easat-4440	358	1	according	accord	VERB
easat-4440	358	2	to	to	ADP
easat-4440	358	3	ardl	ardl	PROPN
easat-4440	358	4	linear	linear	PROPN
easat-4440	358	5	analysis	analysis	NOUN
easat-4440	358	6	results	result	NOUN
easat-4440	358	7	,	,	PUNCT
easat-4440	358	8	control	control	NOUN
easat-4440	358	9	of	of	ADP
easat-4440	358	10	corruption	corruption	NOUN
easat-4440	358	11	,	,	PUNCT
easat-4440	358	12	political	political	ADJ
easat-4440	358	13	stability	stability	NOUN
easat-4440	358	14	and	and	CCONJ
easat-4440	358	15	absence	absence	NOUN
easat-4440	358	16	of	of	ADP
easat-4440	358	17	violence	violence	NOUN
easat-4440	358	18	and	and	CCONJ
easat-4440	358	19	voice	voice	NOUN
easat-4440	358	20	and	and	CCONJ
easat-4440	358	21	accountability	accountability	NOUN
easat-4440	358	22	negatively	negatively	ADV
easat-4440	358	23	affect	affect	VERB
easat-4440	358	24	epu	epu	NOUN
easat-4440	358	25	in	in	ADP
easat-4440	358	26	the	the	DET
easat-4440	358	27	long	long	ADJ
easat-4440	358	28	run	run	NOUN
easat-4440	358	29	.	.	PUNCT
easat-4440	359	1	as	as	ADP
easat-4440	359	2	a	a	DET
easat-4440	359	3	result	result	NOUN
easat-4440	359	4	of	of	ADP
easat-4440	359	5	ardl	ardl	PROPN
easat-4440	359	6	non	non	ADJ
easat-4440	359	7	-	-	ADJ
easat-4440	359	8	linear	linear	ADJ
easat-4440	359	9	estimation	estimation	NOUN
easat-4440	359	10	,	,	PUNCT
easat-4440	359	11	while	while	SCONJ
easat-4440	359	12	negative	negative	ADJ
easat-4440	359	13	shocks	shock	NOUN
easat-4440	359	14	on	on	ADP
easat-4440	359	15	control	control	NOUN
easat-4440	359	16	of	of	ADP
easat-4440	359	17	corruption	corruption	NOUN
easat-4440	359	18	positively	positively	ADV
easat-4440	359	19	affect	affect	VERB
easat-4440	359	20	epu	epu	NOUN
easat-4440	359	21	;	;	PUNCT
easat-4440	359	22	positive	positive	ADJ
easat-4440	359	23	shocks	shock	NOUN
easat-4440	359	24	on	on	ADP
easat-4440	359	25	control	control	NOUN
easat-4440	359	26	of	of	ADP
easat-4440	359	27	corruption	corruption	NOUN
easat-4440	359	28	negatively	negatively	ADV
easat-4440	359	29	affect	affect	VERB
easat-4440	359	30	epu	epu	NOUN
easat-4440	359	31	.	.	PUNCT
easat-4440	360	1	therefore	therefore	ADV
easat-4440	360	2	,	,	PUNCT
easat-4440	360	3	it	it	PRON
easat-4440	360	4	may	may	AUX
easat-4440	360	5	be	be	AUX
easat-4440	360	6	asserted	assert	VERB
easat-4440	360	7	that	that	SCONJ
easat-4440	360	8	the	the	DET
easat-4440	360	9	interaction	interaction	NOUN
easat-4440	360	10	between	between	ADP
easat-4440	360	11	epu	epu	NOUN
easat-4440	360	12	and	and	CCONJ
easat-4440	360	13	corruption	corruption	NOUN
easat-4440	360	14	control	control	NOUN
easat-4440	360	15	is	be	AUX
easat-4440	360	16	asymmetrical	asymmetrical	ADJ
easat-4440	360	17	.	.	PUNCT
easat-4440	361	1	negative	negative	ADJ
easat-4440	361	2	shocks	shock	NOUN
easat-4440	361	3	on	on	ADP
easat-4440	361	4	regularity	regularity	NOUN
easat-4440	361	5	quality	quality	NOUN
easat-4440	361	6	positively	positively	ADV
easat-4440	361	7	affect	affect	VERB
easat-4440	361	8	epu	epu	NOUN
easat-4440	361	9	.	.	PUNCT
easat-4440	362	1	positive	positive	ADJ
easat-4440	362	2	shocks	shock	NOUN
easat-4440	362	3	on	on	ADP
easat-4440	362	4	voice	voice	NOUN
easat-4440	362	5	and	and	CCONJ
easat-4440	362	6	accountability	accountability	NOUN
easat-4440	362	7	positively	positively	ADV
easat-4440	362	8	affect	affect	VERB
easat-4440	362	9	epu	epu	NOUN
easat-4440	362	10	.	.	PUNCT
easat-4440	363	1	likewise	likewise	ADV
easat-4440	363	2	,	,	PUNCT
easat-4440	363	3	epu	epu	PROPN
easat-4440	363	4	benefits	benefit	NOUN
easat-4440	363	5	from	from	ADP
easat-4440	363	6	positive	positive	ADJ
easat-4440	363	7	shocks	shock	NOUN
easat-4440	363	8	to	to	ADP
easat-4440	363	9	political	political	ADJ
easat-4440	363	10	stability	stability	NOUN
easat-4440	363	11	and	and	CCONJ
easat-4440	363	12	the	the	DET
easat-4440	363	13	absence	absence	NOUN
easat-4440	363	14	of	of	ADP
easat-4440	363	15	violence	violence	NOUN
easat-4440	363	16	.	.	PUNCT
easat-4440	364	1	these	these	DET
easat-4440	364	2	results	result	NOUN
easat-4440	364	3	obtained	obtain	VERB
easat-4440	364	4	from	from	ADP
easat-4440	364	5	empirical	empirical	ADJ
easat-4440	364	6	analysis	analysis	NOUN
easat-4440	364	7	;	;	PUNCT
easat-4440	364	8	show	show	NOUN
easat-4440	364	9	parallelism	parallelism	NOUN
easat-4440	364	10	with	with	ADP
easat-4440	364	11	the	the	DET
easat-4440	364	12	studies	study	NOUN
easat-4440	364	13	obtained	obtain	VERB
easat-4440	364	14	by	by	ADP
easat-4440	364	15	baker	baker	PROPN
easat-4440	364	16	,	,	PUNCT
easat-4440	364	17	et	et	PROPN
easat-4440	364	18	al	al	PROPN
easat-4440	364	19	.	.	PUNCT
easat-4440	365	1	[	[	X
easat-4440	365	2	1	1	NUM
easat-4440	365	3	]	]	PUNCT
easat-4440	365	4	;	;	PUNCT
easat-4440	365	5	saleem	saleem	PROPN
easat-4440	365	6	,	,	PUNCT
easat-4440	365	7	et	et	PROPN
easat-4440	365	8	al	al	PROPN
easat-4440	365	9	.	.	PUNCT
easat-4440	366	1	[	[	X
easat-4440	366	2	8	8	NUM
easat-4440	366	3	]	]	PUNCT
easat-4440	366	4	;	;	PUNCT
easat-4440	366	5	pesaran	pesaran	VERB
easat-4440	367	1	[	[	X
easat-4440	367	2	30	30	NUM
easat-4440	367	3	]	]	X
easat-4440	367	4	;	;	PUNCT
easat-4440	367	5	farooq	farooq	PROPN
easat-4440	367	6	,	,	PUNCT
easat-4440	367	7	et	et	PROPN
easat-4440	367	8	al	al	PROPN
easat-4440	367	9	.	.	PUNCT
easat-4440	368	1	[	[	X
easat-4440	368	2	3	3	NUM
easat-4440	368	3	]	]	X
easat-4440	368	4	;	;	PUNCT
easat-4440	368	5	north	north	NOUN
easat-4440	368	6	[	[	X
easat-4440	368	7	15	15	NUM
easat-4440	368	8	]	]	X
easat-4440	368	9	;	;	PUNCT
easat-4440	368	10	amal	amal	PROPN
easat-4440	368	11	and	and	CCONJ
easat-4440	368	12	seabra	seabra	VERB
easat-4440	368	13	[	[	PUNCT
easat-4440	368	14	20	20	NUM
easat-4440	368	15	]	]	PUNCT
easat-4440	368	16	;	;	PUNCT
easat-4440	368	17	rodrik	rodrik	VERB
easat-4440	368	18	[	[	X
easat-4440	368	19	19	19	NUM
easat-4440	368	20	]	]	PUNCT
easat-4440	368	21	;	;	PUNCT
easat-4440	368	22	peng	peng	PROPN
easat-4440	368	23	,	,	PUNCT
easat-4440	368	24	et	et	PROPN
easat-4440	368	25	al	al	PROPN
easat-4440	368	26	.	.	PUNCT
easat-4440	369	1	[	[	X
easat-4440	369	2	16	16	NUM
easat-4440	369	3	]	]	PUNCT
easat-4440	369	4	and	and	CCONJ
easat-4440	369	5	moura	moura	NOUN
easat-4440	369	6	,	,	PUNCT
easat-4440	369	7	et	et	PROPN
easat-4440	369	8	al	al	PROPN
easat-4440	369	9	.	.	PUNCT
easat-4440	370	1	[	[	X
easat-4440	370	2	17	17	NUM
easat-4440	370	3	]	]	PUNCT
easat-4440	370	4	.	.	PUNCT
easat-4440	371	1	therefore	therefore	ADV
easat-4440	371	2	,	,	PUNCT
easat-4440	371	3	increasing	increase	VERB
easat-4440	371	4	the	the	DET
easat-4440	371	5	effectiveness	effectiveness	NOUN
easat-4440	371	6	of	of	ADP
easat-4440	371	7	institutional	institutional	ADJ
easat-4440	371	8	factors	factor	NOUN
easat-4440	371	9	has	have	VERB
easat-4440	371	10	a	a	DET
easat-4440	371	11	decreasing	decrease	VERB
easat-4440	371	12	effect	effect	NOUN
easat-4440	371	13	on	on	ADP
easat-4440	371	14	epu	epu	PROPN
easat-4440	371	15	.	.	PUNCT
easat-4440	372	1	in	in	ADP
easat-4440	372	2	short	short	ADJ
easat-4440	372	3	,	,	PUNCT
easat-4440	372	4	institutions	institution	NOUN
easat-4440	372	5	that	that	PRON
easat-4440	372	6	determine	determine	VERB
easat-4440	372	7	how	how	SCONJ
easat-4440	372	8	the	the	DET
easat-4440	372	9	game	game	NOUN
easat-4440	372	10	will	will	AUX
easat-4440	372	11	be	be	AUX
easat-4440	372	12	played	play	VERB
easat-4440	372	13	can	can	AUX
easat-4440	372	14	minimize	minimize	VERB
easat-4440	372	15	the	the	DET
easat-4440	372	16	risk	risk	NOUN
easat-4440	372	17	and	and	CCONJ
easat-4440	372	18	uncertainty	uncertainty	NOUN
easat-4440	372	19	by	by	ADP
easat-4440	372	20	providing	provide	VERB
easat-4440	372	21	improvements	improvement	NOUN
easat-4440	372	22	in	in	ADP
easat-4440	372	23	the	the	DET
easat-4440	372	24	economic	economic	ADJ
easat-4440	372	25	structure	structure	NOUN
easat-4440	372	26	within	within	ADP
easat-4440	372	27	the	the	DET
easat-4440	372	28	rules	rule	NOUN
easat-4440	372	29	and	and	CCONJ
easat-4440	372	30	structural	structural	ADJ
easat-4440	372	31	order	order	NOUN
easat-4440	372	32	they	they	PRON
easat-4440	372	33	create	create	VERB
easat-4440	372	34	.	.	PUNCT
easat-4440	373	1	to	to	PART
easat-4440	373	2	sum	sum	VERB
easat-4440	373	3	up	up	ADP
easat-4440	373	4	,	,	PUNCT
easat-4440	373	5	the	the	DET
easat-4440	373	6	studies	study	NOUN
easat-4440	373	7	,	,	PUNCT
easat-4440	373	8	carried	carry	VERB
easat-4440	373	9	out	out	ADP
easat-4440	373	10	to	to	PART
easat-4440	373	11	increase	increase	VERB
easat-4440	373	12	the	the	DET
easat-4440	373	13	institutional	institutional	ADJ
easat-4440	373	14	quality	quality	NOUN
easat-4440	373	15	at	at	ADP
easat-4440	373	16	the	the	DET
easat-4440	373	17	country	country	NOUN
easat-4440	373	18	level	level	NOUN
easat-4440	373	19	and	and	CCONJ
easat-4440	373	20	hereby	hereby	ADV
easat-4440	373	21	,	,	PUNCT
easat-4440	373	22	improve	improve	VERB
easat-4440	373	23	the	the	DET
easat-4440	373	24	institutional	institutional	ADJ
easat-4440	373	25	factors	factor	NOUN
easat-4440	373	26	,	,	PUNCT
easat-4440	373	27	can	can	AUX
easat-4440	373	28	be	be	AUX
easat-4440	373	29	effective	effective	ADJ
easat-4440	373	30	in	in	ADP
easat-4440	373	31	making	make	VERB
easat-4440	373	32	strong	strong	ADJ
easat-4440	373	33	decisions	decision	NOUN
easat-4440	373	34	for	for	ADP
easat-4440	373	35	the	the	DET
easat-4440	373	36	future	future	NOUN
easat-4440	373	37	by	by	ADP
easat-4440	373	38	reducing	reduce	VERB
easat-4440	373	39	the	the	DET
easat-4440	373	40	policy	policy	NOUN
easat-4440	373	41	uncertainties	uncertainty	NOUN
easat-4440	373	42	that	that	PRON
easat-4440	373	43	will	will	AUX
easat-4440	373	44	arise	arise	VERB
easat-4440	373	45	in	in	ADP
easat-4440	373	46	the	the	DET
easat-4440	373	47	economy	economy	NOUN
easat-4440	373	48	.	.	PUNCT
easat-4440	374	1	increasing	increase	VERB
easat-4440	374	2	the	the	DET
easat-4440	374	3	functionality	functionality	NOUN
easat-4440	374	4	of	of	ADP
easat-4440	374	5	institutional	institutional	ADJ
easat-4440	374	6	factors	factor	NOUN
easat-4440	374	7	can	can	AUX
easat-4440	374	8	reduce	reduce	VERB
easat-4440	374	9	illegal	illegal	ADJ
easat-4440	374	10	acts	act	NOUN
easat-4440	374	11	such	such	ADJ
easat-4440	374	12	as	as	ADP
easat-4440	374	13	bribery	bribery	NOUN
easat-4440	374	14	,	,	PUNCT
easat-4440	374	15	tax	tax	NOUN
easat-4440	374	16	evasion	evasion	NOUN
easat-4440	374	17	and	and	CCONJ
easat-4440	374	18	corruption	corruption	NOUN
easat-4440	374	19	.	.	PUNCT
easat-4440	375	1	in	in	ADP
easat-4440	375	2	this	this	DET
easat-4440	375	3	way	way	NOUN
easat-4440	375	4	,	,	PUNCT
easat-4440	375	5	increasing	increase	VERB
easat-4440	375	6	the	the	DET
easat-4440	375	7	confidence	confidence	NOUN
easat-4440	375	8	of	of	ADP
easat-4440	375	9	individuals	individual	NOUN
easat-4440	375	10	and	and	CCONJ
easat-4440	375	11	companies	company	NOUN
easat-4440	375	12	in	in	ADP
easat-4440	375	13	the	the	DET
easat-4440	375	14	economic	economic	ADJ
easat-4440	375	15	system	system	NOUN
easat-4440	375	16	can	can	AUX
easat-4440	375	17	provide	provide	VERB
easat-4440	375	18	a	a	DET
easat-4440	375	19	revival	revival	NOUN
easat-4440	375	20	of	of	ADP
easat-4440	375	21	economic	economic	ADJ
easat-4440	375	22	activities	activity	NOUN
easat-4440	375	23	.	.	PUNCT
easat-4440	376	1	therefore	therefore	ADV
easat-4440	376	2	,	,	PUNCT
easat-4440	376	3	a	a	DET
easat-4440	376	4	strong	strong	ADJ
easat-4440	376	5	economic	economic	ADJ
easat-4440	376	6	structure	structure	NOUN
easat-4440	376	7	can	can	AUX
easat-4440	376	8	be	be	AUX
easat-4440	376	9	created	create	VERB
easat-4440	376	10	.	.	PUNCT
easat-4440	377	1	in	in	ADP
easat-4440	377	2	the	the	DET
easat-4440	377	3	developing	develop	VERB
easat-4440	377	4	world	world	NOUN
easat-4440	377	5	158	158	NUM
easat-4440	377	6	edelweiss	edelweiss	PROPN
easat-4440	377	7	applied	apply	VERB
easat-4440	377	8	science	science	NOUN
easat-4440	377	9	and	and	CCONJ
easat-4440	377	10	technology	technology	NOUN
easat-4440	377	11	issn	issn	PROPN
easat-4440	377	12	:	:	PUNCT
easat-4440	377	13	2576	2576	NUM
easat-4440	377	14	-	-	SYM
easat-4440	377	15	8484	8484	NUM
easat-4440	377	16	vol	vol	NOUN
easat-4440	377	17	.	.	PROPN
easat-4440	377	18	9	9	NUM
easat-4440	377	19	,	,	PUNCT
easat-4440	377	20	no	no	INTJ
easat-4440	377	21	.	.	NOUN
easat-4440	377	22	2	2	NUM
easat-4440	377	23	:	:	SYM
easat-4440	377	24	144	144	NUM
easat-4440	377	25	-	-	SYM
easat-4440	377	26	159	159	NUM
easat-4440	377	27	,	,	PUNCT
easat-4440	377	28	2025	2025	NUM
easat-4440	377	29	doi	doi	NOUN
easat-4440	377	30	:	:	PUNCT
easat-4440	377	31	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	377	32	©	©	PROPN
easat-4440	377	33	2025	2025	NUM
easat-4440	377	34	by	by	ADP
easat-4440	377	35	the	the	DET
easat-4440	377	36	author	author	NOUN
easat-4440	377	37	;	;	PUNCT
easat-4440	377	38	licensee	licensee	NOUN
easat-4440	377	39	learning	learn	VERB
easat-4440	377	40	gate	gate	NOUN
easat-4440	377	41	order	order	NOUN
easat-4440	377	42	,	,	PUNCT
easat-4440	377	43	with	with	ADP
easat-4440	377	44	the	the	DET
easat-4440	377	45	effect	effect	NOUN
easat-4440	377	46	of	of	ADP
easat-4440	377	47	globalization	globalization	NOUN
easat-4440	377	48	,	,	PUNCT
easat-4440	377	49	the	the	DET
easat-4440	377	50	economies	economy	NOUN
easat-4440	377	51	of	of	ADP
easat-4440	377	52	all	all	DET
easat-4440	377	53	countries	country	NOUN
easat-4440	377	54	in	in	ADP
easat-4440	377	55	the	the	DET
easat-4440	377	56	world	world	NOUN
easat-4440	377	57	are	be	AUX
easat-4440	377	58	becoming	become	VERB
easat-4440	377	59	interconnected	interconnect	VERB
easat-4440	377	60	.	.	PUNCT
easat-4440	378	1	for	for	ADP
easat-4440	378	2	this	this	DET
easat-4440	378	3	reason	reason	NOUN
easat-4440	378	4	,	,	PUNCT
easat-4440	378	5	in	in	ADP
easat-4440	378	6	the	the	DET
easat-4440	378	7	event	event	NOUN
easat-4440	378	8	of	of	ADP
easat-4440	378	9	a	a	DET
easat-4440	378	10	crisis	crisis	NOUN
easat-4440	378	11	that	that	PRON
easat-4440	378	12	may	may	AUX
easat-4440	378	13	occur	occur	VERB
easat-4440	378	14	in	in	ADP
easat-4440	378	15	the	the	DET
easat-4440	378	16	foreign	foreign	ADJ
easat-4440	378	17	market	market	NOUN
easat-4440	378	18	,	,	PUNCT
easat-4440	378	19	since	since	SCONJ
easat-4440	378	20	countries	country	NOUN
easat-4440	378	21	with	with	ADP
easat-4440	378	22	weak	weak	ADJ
easat-4440	378	23	economic	economic	ADJ
easat-4440	378	24	power	power	NOUN
easat-4440	378	25	are	be	AUX
easat-4440	378	26	most	most	ADV
easat-4440	378	27	affected	affect	VERB
easat-4440	378	28	by	by	ADP
easat-4440	378	29	this	this	DET
easat-4440	378	30	situation	situation	NOUN
easat-4440	378	31	,	,	PUNCT
easat-4440	378	32	uncertainties	uncertainty	NOUN
easat-4440	378	33	may	may	AUX
easat-4440	378	34	arise	arise	VERB
easat-4440	378	35	in	in	ADP
easat-4440	378	36	the	the	DET
easat-4440	378	37	economic	economic	ADJ
easat-4440	378	38	policy	policy	NOUN
easat-4440	378	39	of	of	ADP
easat-4440	378	40	these	these	DET
easat-4440	378	41	countries	country	NOUN
easat-4440	378	42	.	.	PUNCT
easat-4440	379	1	a	a	DET
easat-4440	379	2	strong	strong	ADJ
easat-4440	379	3	economic	economic	ADJ
easat-4440	379	4	structure	structure	NOUN
easat-4440	379	5	,	,	PUNCT
easat-4440	379	6	which	which	PRON
easat-4440	379	7	can	can	AUX
easat-4440	379	8	be	be	AUX
easat-4440	379	9	created	create	VERB
easat-4440	379	10	through	through	ADP
easat-4440	379	11	the	the	DET
easat-4440	379	12	development	development	NOUN
easat-4440	379	13	of	of	ADP
easat-4440	379	14	institutional	institutional	ADJ
easat-4440	379	15	factors	factor	NOUN
easat-4440	379	16	,	,	PUNCT
easat-4440	379	17	can	can	AUX
easat-4440	379	18	mitigate	mitigate	VERB
easat-4440	379	19	the	the	DET
easat-4440	379	20	negative	negative	ADJ
easat-4440	379	21	effects	effect	NOUN
easat-4440	379	22	of	of	ADP
easat-4440	379	23	a	a	DET
easat-4440	379	24	potential	potential	ADJ
easat-4440	379	25	crisis	crisis	NOUN
easat-4440	379	26	and	and	CCONJ
easat-4440	379	27	recession	recession	NOUN
easat-4440	379	28	.	.	PUNCT
easat-4440	380	1	transparency	transparency	NOUN
easat-4440	380	2	:	:	PUNCT
easat-4440	380	3	the	the	DET
easat-4440	380	4	authors	author	NOUN
easat-4440	380	5	confirm	confirm	VERB
easat-4440	380	6	that	that	SCONJ
easat-4440	380	7	the	the	DET
easat-4440	380	8	manuscript	manuscript	NOUN
easat-4440	380	9	is	be	AUX
easat-4440	380	10	an	an	DET
easat-4440	380	11	honest	honest	ADJ
easat-4440	380	12	,	,	PUNCT
easat-4440	380	13	accurate	accurate	ADJ
easat-4440	380	14	,	,	PUNCT
easat-4440	380	15	and	and	CCONJ
easat-4440	380	16	transparent	transparent	ADJ
easat-4440	380	17	account	account	NOUN
easat-4440	380	18	of	of	ADP
easat-4440	380	19	the	the	DET
easat-4440	380	20	study	study	NOUN
easat-4440	380	21	;	;	PUNCT
easat-4440	380	22	that	that	SCONJ
easat-4440	380	23	no	no	DET
easat-4440	380	24	vital	vital	ADJ
easat-4440	380	25	features	feature	NOUN
easat-4440	380	26	of	of	ADP
easat-4440	380	27	the	the	DET
easat-4440	380	28	study	study	NOUN
easat-4440	380	29	have	have	AUX
easat-4440	380	30	been	be	AUX
easat-4440	380	31	omitted	omit	VERB
easat-4440	380	32	;	;	PUNCT
easat-4440	380	33	and	and	CCONJ
easat-4440	380	34	that	that	SCONJ
easat-4440	380	35	any	any	DET
easat-4440	380	36	discrepancies	discrepancy	NOUN
easat-4440	380	37	from	from	ADP
easat-4440	380	38	the	the	DET
easat-4440	380	39	study	study	NOUN
easat-4440	380	40	as	as	SCONJ
easat-4440	380	41	planned	plan	VERB
easat-4440	380	42	have	have	AUX
easat-4440	380	43	been	be	AUX
easat-4440	380	44	explained	explain	VERB
easat-4440	380	45	.	.	PUNCT
easat-4440	381	1	this	this	DET
easat-4440	381	2	study	study	NOUN
easat-4440	381	3	followed	follow	VERB
easat-4440	381	4	all	all	DET
easat-4440	381	5	ethical	ethical	ADJ
easat-4440	381	6	practices	practice	NOUN
easat-4440	381	7	during	during	ADP
easat-4440	381	8	writing	writing	NOUN
easat-4440	381	9	.	.	PUNCT
easat-4440	382	1	copyright	copyright	NOUN
easat-4440	382	2	:	:	PUNCT
easat-4440	382	3	©	©	PROPN
easat-4440	382	4	2025	2025	NUM
easat-4440	382	5	by	by	ADP
easat-4440	382	6	the	the	DET
easat-4440	382	7	authors	author	NOUN
easat-4440	382	8	.	.	PUNCT
easat-4440	383	1	this	this	DET
easat-4440	383	2	open	open	ADJ
easat-4440	383	3	-	-	PUNCT
easat-4440	383	4	access	access	NOUN
easat-4440	383	5	article	article	NOUN
easat-4440	383	6	is	be	AUX
easat-4440	383	7	distributed	distribute	VERB
easat-4440	383	8	under	under	ADP
easat-4440	383	9	the	the	DET
easat-4440	383	10	terms	term	NOUN
easat-4440	383	11	and	and	CCONJ
easat-4440	383	12	conditions	condition	NOUN
easat-4440	383	13	of	of	ADP
easat-4440	383	14	the	the	DET
easat-4440	383	15	creative	creative	ADJ
easat-4440	383	16	commons	common	NOUN
easat-4440	383	17	attribution	attribution	NOUN
easat-4440	383	18	(	(	PUNCT
easat-4440	383	19	cc	cc	NOUN
easat-4440	383	20	by	by	ADP
easat-4440	383	21	)	)	PUNCT
easat-4440	383	22	license	license	NOUN
easat-4440	383	23	(	(	PUNCT
easat-4440	383	24	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-4440	383	25	)	)	PUNCT
easat-4440	383	26	.	.	PUNCT
easat-4440	384	1	references	reference	NOUN
easat-4440	384	2	[	[	X
easat-4440	384	3	1	1	X
easat-4440	384	4	]	]	PUNCT
easat-4440	384	5	s.	s.	PROPN
easat-4440	384	6	r.	r.	PROPN
easat-4440	384	7	baker	baker	PROPN
easat-4440	384	8	,	,	PUNCT
easat-4440	384	9	n.	n.	PROPN
easat-4440	384	10	bloom	bloom	NOUN
easat-4440	384	11	,	,	PUNCT
easat-4440	384	12	and	and	CCONJ
easat-4440	384	13	s.	s.	PROPN
easat-4440	384	14	j.	j.	PROPN
easat-4440	384	15	davis	davis	PROPN
easat-4440	384	16	,	,	PUNCT
easat-4440	384	17	"	"	PUNCT
easat-4440	384	18	measuring	measure	VERB
easat-4440	384	19	economic	economic	ADJ
easat-4440	384	20	policy	policy	NOUN
easat-4440	384	21	uncertainty	uncertainty	NOUN
easat-4440	384	22	,	,	PUNCT
easat-4440	384	23	"	"	PUNCT
easat-4440	384	24	the	the	DET
easat-4440	384	25	quarterly	quarterly	ADJ
easat-4440	384	26	journal	journal	NOUN
easat-4440	384	27	of	of	ADP
easat-4440	384	28	economics	economic	NOUN
easat-4440	384	29	,	,	PUNCT
easat-4440	384	30	vol	vol	NOUN
easat-4440	384	31	.	.	PROPN
easat-4440	384	32	131	131	NUM
easat-4440	384	33	,	,	PUNCT
easat-4440	384	34	no	no	INTJ
easat-4440	384	35	.	.	NOUN
easat-4440	384	36	4	4	NUM
easat-4440	384	37	,	,	PUNCT
easat-4440	384	38	pp	pp	ADJ
easat-4440	384	39	.	.	PUNCT
easat-4440	384	40	1593	1593	NUM
easat-4440	384	41	-	-	SYM
easat-4440	384	42	1636	1636	NUM
easat-4440	384	43	,	,	PUNCT
easat-4440	384	44	2016	2016	NUM
easat-4440	384	45	.	.	PUNCT
easat-4440	385	1	https://doi.org/10.1093/qje/qjw024	https://doi.org/10.1093/qje/qjw024	NOUN
easat-4440	385	2	[	[	X
easat-4440	385	3	2	2	NUM
easat-4440	385	4	]	]	PUNCT
easat-4440	385	5	h.	h.	PROPN
easat-4440	385	6	gulen	gulen	PROPN
easat-4440	385	7	and	and	CCONJ
easat-4440	385	8	m.	m.	NOUN
easat-4440	385	9	ion	ion	NOUN
easat-4440	385	10	,	,	PUNCT
easat-4440	385	11	"	"	PUNCT
easat-4440	385	12	policy	policy	NOUN
easat-4440	385	13	uncertainty	uncertainty	NOUN
easat-4440	385	14	and	and	CCONJ
easat-4440	385	15	corporate	corporate	ADJ
easat-4440	385	16	investment	investment	NOUN
easat-4440	385	17	,	,	PUNCT
easat-4440	385	18	"	"	PUNCT
easat-4440	385	19	the	the	DET
easat-4440	385	20	review	review	NOUN
easat-4440	385	21	of	of	ADP
easat-4440	385	22	financial	financial	ADJ
easat-4440	385	23	studies	study	NOUN
easat-4440	385	24	,	,	PUNCT
easat-4440	385	25	vol	vol	NOUN
easat-4440	385	26	.	.	PROPN
easat-4440	385	27	29	29	NUM
easat-4440	385	28	,	,	PUNCT
easat-4440	385	29	no	no	INTJ
easat-4440	385	30	.	.	NOUN
easat-4440	385	31	3	3	NUM
easat-4440	385	32	,	,	PUNCT
easat-4440	385	33	pp	pp	ADJ
easat-4440	385	34	.	.	PUNCT
easat-4440	385	35	523	523	NUM
easat-4440	385	36	-	-	SYM
easat-4440	385	37	564	564	NUM
easat-4440	385	38	,	,	PUNCT
easat-4440	385	39	2016	2016	NUM
easat-4440	385	40	.	.	PUNCT
easat-4440	386	1	https://doi.org/10.1093/rfs/hhv070	https://doi.org/10.1093/rfs/hhv070	X
easat-4440	387	1	[	[	X
easat-4440	387	2	3	3	NUM
easat-4440	387	3	]	]	X
easat-4440	387	4	u.	u.	PROPN
easat-4440	387	5	farooq	farooq	PROPN
easat-4440	387	6	,	,	PUNCT
easat-4440	387	7	m.	m.	NOUN
easat-4440	387	8	i.	i.	PROPN
easat-4440	387	9	tabash	tabash	PROPN
easat-4440	387	10	,	,	PUNCT
easat-4440	387	11	s.	s.	PROPN
easat-4440	387	12	anagreh	anagreh	PROPN
easat-4440	387	13	,	,	PUNCT
easat-4440	387	14	and	and	CCONJ
easat-4440	387	15	m.	m.	NOUN
easat-4440	387	16	a.	a.	PROPN
easat-4440	387	17	saleh	saleh	PROPN
easat-4440	387	18	al	al	PROPN
easat-4440	387	19	-	-	PUNCT
easat-4440	387	20	faryan	faryan	PROPN
easat-4440	387	21	,	,	PUNCT
easat-4440	387	22	"	"	PUNCT
easat-4440	387	23	economic	economic	ADJ
easat-4440	387	24	policy	policy	NOUN
easat-4440	387	25	uncertainty	uncertainty	NOUN
easat-4440	387	26	and	and	CCONJ
easat-4440	387	27	corporate	corporate	ADJ
easat-4440	387	28	investment	investment	NOUN
easat-4440	387	29	:	:	PUNCT
easat-4440	387	30	does	do	VERB
easat-4440	387	31	quality	quality	NOUN
easat-4440	387	32	of	of	ADP
easat-4440	387	33	governance	governance	NOUN
easat-4440	387	34	matter	matter	NOUN
easat-4440	387	35	?	?	PUNCT
easat-4440	387	36	,	,	PUNCT
easat-4440	387	37	"	"	PUNCT
easat-4440	387	38	cogent	cogent	NOUN
easat-4440	387	39	economics	economic	NOUN
easat-4440	387	40	&	&	CCONJ
easat-4440	387	41	finance	finance	PROPN
easat-4440	387	42	,	,	PUNCT
easat-4440	387	43	vol	vol	NOUN
easat-4440	387	44	.	.	PROPN
easat-4440	387	45	10	10	NUM
easat-4440	387	46	,	,	PUNCT
easat-4440	387	47	no	no	INTJ
easat-4440	387	48	.	.	NOUN
easat-4440	387	49	1	1	NUM
easat-4440	387	50	,	,	PUNCT
easat-4440	387	51	p.	p.	NOUN
easat-4440	387	52	2157118	2157118	NUM
easat-4440	387	53	,	,	PUNCT
easat-4440	387	54	2022	2022	NUM
easat-4440	387	55	.	.	PUNCT
easat-4440	387	56	https://doi.org/10.1080/23322039.2022.2109074	https://doi.org/10.1080/23322039.2022.2109074	PROPN
easat-4440	388	1	[	[	X
easat-4440	388	2	4	4	X
easat-4440	388	3	]	]	X
easat-4440	388	4	d.	d.	PROPN
easat-4440	388	5	kaufmann	kaufmann	PROPN
easat-4440	388	6	,	,	PUNCT
easat-4440	388	7	a.	a.	PROPN
easat-4440	388	8	kraay	kraay	PROPN
easat-4440	388	9	,	,	PUNCT
easat-4440	388	10	and	and	CCONJ
easat-4440	388	11	m.	m.	NOUN
easat-4440	388	12	mastruzzi	mastruzzi	PROPN
easat-4440	388	13	,	,	PUNCT
easat-4440	388	14	"	"	PUNCT
easat-4440	388	15	response	response	NOUN
easat-4440	388	16	to	to	ADP
easat-4440	388	17	“	"	PUNCT
easat-4440	388	18	what	what	PRON
easat-4440	388	19	do	do	AUX
easat-4440	388	20	the	the	DET
easat-4440	388	21	worldwide	worldwide	ADJ
easat-4440	388	22	governance	governance	NOUN
easat-4440	388	23	indicators	indicator	NOUN
easat-4440	388	24	measure	measure	VERB
easat-4440	388	25	?	?	PUNCT
easat-4440	388	26	,	,	PUNCT
easat-4440	388	27	"	"	PUNCT
easat-4440	388	28	the	the	DET
easat-4440	388	29	european	european	PROPN
easat-4440	388	30	journal	journal	PROPN
easat-4440	388	31	of	of	ADP
easat-4440	388	32	development	development	PROPN
easat-4440	388	33	research	research	NOUN
easat-4440	388	34	,	,	PUNCT
easat-4440	388	35	vol	vol	NOUN
easat-4440	388	36	.	.	PROPN
easat-4440	388	37	22	22	NUM
easat-4440	388	38	,	,	PUNCT
easat-4440	388	39	no	no	INTJ
easat-4440	388	40	.	.	NOUN
easat-4440	388	41	1	1	NUM
easat-4440	388	42	,	,	PUNCT
easat-4440	388	43	pp	pp	ADJ
easat-4440	388	44	.	.	PUNCT
easat-4440	389	1	55	55	NUM
easat-4440	389	2	-	-	SYM
easat-4440	389	3	58	58	NUM
easat-4440	389	4	,	,	PUNCT
easat-4440	389	5	2010	2010	NUM
easat-4440	389	6	.	.	PUNCT
easat-4440	389	7	https://doi.org/10.1057/ejdr.2010.4	https://doi.org/10.1057/ejdr.2010.4	X
easat-4440	390	1	[	[	X
easat-4440	390	2	5	5	X
easat-4440	390	3	]	]	PUNCT
easat-4440	390	4	h.	h.	PROPN
easat-4440	390	5	wen	wen	PROPN
easat-4440	390	6	,	,	PUNCT
easat-4440	390	7	c.	c.	PROPN
easat-4440	390	8	c.	c.	PROPN
easat-4440	390	9	lee	lee	PROPN
easat-4440	390	10	,	,	PUNCT
easat-4440	390	11	and	and	CCONJ
easat-4440	390	12	f.	f.	PROPN
easat-4440	390	13	zhou	zhou	PROPN
easat-4440	390	14	,	,	PUNCT
easat-4440	390	15	"	"	PUNCT
easat-4440	390	16	how	how	SCONJ
easat-4440	390	17	does	do	AUX
easat-4440	390	18	fiscal	fiscal	ADJ
easat-4440	390	19	policy	policy	NOUN
easat-4440	390	20	uncertainty	uncertainty	NOUN
easat-4440	390	21	affect	affect	VERB
easat-4440	390	22	corporate	corporate	ADJ
easat-4440	390	23	innovation	innovation	NOUN
easat-4440	390	24	investment	investment	NOUN
easat-4440	390	25	?	?	PUNCT
easat-4440	391	1	evidence	evidence	NOUN
easat-4440	391	2	from	from	ADP
easat-4440	391	3	china	china	PROPN
easat-4440	391	4	’s	’s	PART
easat-4440	391	5	new	new	ADJ
easat-4440	391	6	energy	energy	NOUN
easat-4440	391	7	industry	industry	NOUN
easat-4440	391	8	,	,	PUNCT
easat-4440	391	9	"	"	PUNCT
easat-4440	391	10	energy	energy	NOUN
easat-4440	391	11	economics	economic	NOUN
easat-4440	391	12	,	,	PUNCT
easat-4440	391	13	vol	vol	NOUN
easat-4440	391	14	.	.	PROPN
easat-4440	391	15	105	105	NUM
easat-4440	391	16	,	,	PUNCT
easat-4440	391	17	p.	p.	NOUN
easat-4440	391	18	105689	105689	NUM
easat-4440	391	19	,	,	PUNCT
easat-4440	391	20	2022	2022	NUM
easat-4440	391	21	.	.	PUNCT
easat-4440	392	1	https://doi.org/10.1016/j.eneco.2021.105689	https://doi.org/10.1016/j.eneco.2021.105689	NOUN
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easat-4440	392	3	6	6	NUM
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easat-4440	392	8	,	,	PUNCT
easat-4440	392	9	l.	l.	PROPN
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easat-4440	392	11	,	,	PUNCT
easat-4440	392	12	m.	m.	NOUN
easat-4440	392	13	giulietti	giulietti	PROPN
easat-4440	392	14	,	,	PUNCT
easat-4440	392	15	and	and	CCONJ
easat-4440	392	16	l.	l.	PROPN
easat-4440	392	17	grilli	grilli	PROPN
easat-4440	392	18	,	,	PUNCT
easat-4440	392	19	"	"	PUNCT
easat-4440	392	20	emerging	emerge	VERB
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easat-4440	392	22	in	in	ADP
easat-4440	392	23	competition	competition	NOUN
easat-4440	392	24	policy	policy	NOUN
easat-4440	392	25	and	and	CCONJ
easat-4440	392	26	regulation	regulation	NOUN
easat-4440	392	27	,	,	PUNCT
easat-4440	392	28	"	"	PUNCT
easat-4440	392	29	journal	journal	NOUN
easat-4440	392	30	of	of	ADP
easat-4440	392	31	industrial	industrial	ADJ
easat-4440	392	32	and	and	CCONJ
easat-4440	392	33	business	business	NOUN
easat-4440	392	34	economics	economic	NOUN
easat-4440	392	35	,	,	PUNCT
easat-4440	392	36	vol	vol	NOUN
easat-4440	392	37	.	.	PROPN
easat-4440	393	1	50	50	NUM
easat-4440	393	2	,	,	PUNCT
easat-4440	393	3	no	no	INTJ
easat-4440	393	4	.	.	NOUN
easat-4440	393	5	2	2	NUM
easat-4440	393	6	,	,	PUNCT
easat-4440	393	7	pp	pp	ADJ
easat-4440	393	8	.	.	PUNCT
easat-4440	394	1	221	221	NUM
easat-4440	394	2	-	-	SYM
easat-4440	394	3	225	225	NUM
easat-4440	394	4	,	,	PUNCT
easat-4440	394	5	2023	2023	NUM
easat-4440	394	6	.	.	PUNCT
easat-4440	395	1	https://doi.org/10.1007/s40812-02200209-z	https://doi.org/10.1007/s40812-02200209-z	PUNCT
easat-4440	396	1	[	[	X
easat-4440	396	2	7	7	NUM
easat-4440	396	3	]	]	X
easat-4440	396	4	a.	a.	NOUN
easat-4440	396	5	syed	syed	PROPN
easat-4440	396	6	,	,	PUNCT
easat-4440	396	7	m.	m.	NOUN
easat-4440	396	8	a.	a.	PROPN
easat-4440	396	9	kamal	kamal	PROPN
easat-4440	396	10	,	,	PUNCT
easat-4440	396	11	a.	a.	PROPN
easat-4440	396	12	ullah	ullah	PROPN
easat-4440	396	13	,	,	PUNCT
easat-4440	396	14	and	and	CCONJ
easat-4440	396	15	s.	s.	PROPN
easat-4440	396	16	grima	grima	PROPN
easat-4440	396	17	,	,	PUNCT
easat-4440	396	18	"	"	PUNCT
easat-4440	396	19	an	an	DET
easat-4440	396	20	asymmetric	asymmetric	ADJ
easat-4440	396	21	analysis	analysis	NOUN
easat-4440	396	22	of	of	ADP
easat-4440	396	23	the	the	DET
easat-4440	396	24	influence	influence	NOUN
easat-4440	396	25	that	that	PRON
easat-4440	396	26	economic	economic	ADJ
easat-4440	396	27	policy	policy	NOUN
easat-4440	396	28	uncertainty	uncertainty	NOUN
easat-4440	396	29	,	,	PUNCT
easat-4440	396	30	institutional	institutional	ADJ
easat-4440	396	31	quality	quality	NOUN
easat-4440	396	32	,	,	PUNCT
easat-4440	396	33	and	and	CCONJ
easat-4440	396	34	corruption	corruption	NOUN
easat-4440	396	35	level	level	NOUN
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easat-4440	396	37	on	on	ADP
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easat-4440	396	39	’s	’s	PART
easat-4440	396	40	digital	digital	PROPN
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easat-4440	396	42	services	service	NOUN
easat-4440	396	43	and	and	CCONJ
easat-4440	396	44	banking	banking	NOUN
easat-4440	396	45	stability	stability	NOUN
easat-4440	396	46	,	,	PUNCT
easat-4440	396	47	"	"	PUNCT
easat-4440	396	48	sustainability	sustainability	NOUN
easat-4440	396	49	,	,	PUNCT
easat-4440	396	50	vol	vol	NOUN
easat-4440	396	51	.	.	PROPN
easat-4440	396	52	14	14	NUM
easat-4440	396	53	,	,	PUNCT
easat-4440	396	54	no	no	INTJ
easat-4440	396	55	.	.	NOUN
easat-4440	396	56	22	22	NUM
easat-4440	396	57	,	,	PUNCT
easat-4440	396	58	p.	p.	NOUN
easat-4440	396	59	15123	15123	NUM
easat-4440	396	60	,	,	PUNCT
easat-4440	396	61	2022	2022	NUM
easat-4440	396	62	.	.	PUNCT
easat-4440	397	1	https://doi.org/10.3390/su142215123	https://doi.org/10.3390/su142215123	PRON
easat-4440	398	1	[	[	X
easat-4440	398	2	8	8	X
easat-4440	398	3	]	]	X
easat-4440	398	4	h.	h.	PROPN
easat-4440	398	5	saleem	saleem	PROPN
easat-4440	398	6	,	,	PUNCT
easat-4440	398	7	w.	w.	PROPN
easat-4440	398	8	jiandong	jiandong	PROPN
easat-4440	398	9	,	,	PUNCT
easat-4440	398	10	and	and	CCONJ
easat-4440	398	11	m.	m.	PROPN
easat-4440	398	12	b.	b.	PROPN
easat-4440	398	13	khan	khan	PROPN
easat-4440	398	14	,	,	PUNCT
easat-4440	398	15	"	"	PUNCT
easat-4440	398	16	determinants	determinant	NOUN
easat-4440	398	17	of	of	ADP
easat-4440	398	18	corruption	corruption	NOUN
easat-4440	398	19	in	in	ADP
easat-4440	398	20	china	china	PROPN
easat-4440	398	21	:	:	PUNCT
easat-4440	398	22	a	a	DET
easat-4440	398	23	policy	policy	NOUN
easat-4440	398	24	perspective	perspective	NOUN
easat-4440	398	25	,	,	PUNCT
easat-4440	398	26	"	"	PUNCT
easat-4440	398	27	journal	journal	NOUN
easat-4440	398	28	of	of	ADP
easat-4440	398	29	chinese	chinese	ADJ
easat-4440	398	30	governance	governance	NOUN
easat-4440	398	31	,	,	PUNCT
easat-4440	398	32	vol	vol	NOUN
easat-4440	398	33	.	.	PROPN
easat-4440	398	34	5	5	NUM
easat-4440	398	35	,	,	PUNCT
easat-4440	398	36	no	no	INTJ
easat-4440	398	37	.	.	NOUN
easat-4440	398	38	3	3	NUM
easat-4440	398	39	,	,	PUNCT
easat-4440	398	40	pp	pp	ADJ
easat-4440	398	41	.	.	PUNCT
easat-4440	399	1	297	297	NUM
easat-4440	399	2	-	-	SYM
easat-4440	399	3	321	321	NUM
easat-4440	399	4	,	,	PUNCT
easat-4440	399	5	2020	2020	NUM
easat-4440	399	6	.	.	PUNCT
easat-4440	400	1	https://doi.org/10.1080/23812346.2020.1804623	https://doi.org/10.1080/23812346.2020.1804623	PUNCT
easat-4440	401	1	[	[	X
easat-4440	401	2	9	9	NUM
easat-4440	401	3	]	]	PUNCT
easat-4440	401	4	m.	m.	NOUN
easat-4440	401	5	afzali	afzali	PROPN
easat-4440	401	6	,	,	PUNCT
easat-4440	401	7	g.	g.	PROPN
easat-4440	401	8	çolak	çolak	PROPN
easat-4440	401	9	,	,	PUNCT
easat-4440	401	10	and	and	CCONJ
easat-4440	401	11	m.	m.	NOUN
easat-4440	401	12	fu	fu	PROPN
easat-4440	401	13	,	,	PUNCT
easat-4440	401	14	"	"	PUNCT
easat-4440	401	15	economic	economic	ADJ
easat-4440	401	16	uncertainty	uncertainty	NOUN
easat-4440	401	17	and	and	CCONJ
easat-4440	401	18	corruption	corruption	NOUN
easat-4440	401	19	:	:	PUNCT
easat-4440	401	20	evidence	evidence	NOUN
easat-4440	401	21	from	from	ADP
easat-4440	401	22	public	public	ADJ
easat-4440	401	23	and	and	CCONJ
easat-4440	401	24	private	private	ADJ
easat-4440	401	25	firms	firm	NOUN
easat-4440	401	26	,	,	PUNCT
easat-4440	401	27	"	"	PUNCT
easat-4440	401	28	journal	journal	NOUN
easat-4440	401	29	of	of	ADP
easat-4440	401	30	financial	financial	ADJ
easat-4440	401	31	stability	stability	NOUN
easat-4440	401	32	,	,	PUNCT
easat-4440	401	33	vol	vol	NOUN
easat-4440	401	34	.	.	PROPN
easat-4440	401	35	57	57	NUM
easat-4440	401	36	,	,	PUNCT
easat-4440	401	37	p.	p.	NOUN
easat-4440	401	38	100935	100935	NUM
easat-4440	401	39	,	,	PUNCT
easat-4440	401	40	2021	2021	NUM
easat-4440	401	41	.	.	PUNCT
easat-4440	401	42	https://doi.org/10.1016/j.jfs.2021.100935	https://doi.org/10.1016/j.jfs.2021.100935	PUNCT
easat-4440	402	1	[	[	X
easat-4440	402	2	10	10	NUM
easat-4440	402	3	]	]	X
easat-4440	402	4	o.	o.	PROPN
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easat-4440	402	8	schildbach	schildbach	PROPN
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easat-4440	402	10	d.	d.	PROPN
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easat-4440	402	12	ag	ag	PROPN
easat-4440	402	13	,	,	PUNCT
easat-4440	402	14	and	and	CCONJ
easat-4440	402	15	s.	s.	PROPN
easat-4440	402	16	schneider	schneider	PROPN
easat-4440	402	17	,	,	PUNCT
easat-4440	402	18	economic	economic	ADJ
easat-4440	402	19	policy	policy	NOUN
easat-4440	402	20	uncertainty	uncertainty	NOUN
easat-4440	402	21	in	in	ADP
easat-4440	402	22	europe	europe	PROPN
easat-4440	402	23	.	.	PUNCT
easat-4440	403	1	deutsche	deutsche	PROPN
easat-4440	403	2	bank	bank	PROPN
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easat-4440	403	4	.	.	PUNCT
easat-4440	404	1	https://doi.org/www.dbresearch.com	https://doi.org/www.dbresearch.com	PROPN
easat-4440	404	2	,	,	PUNCT
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easat-4440	404	4	.	.	PUNCT
easat-4440	405	1	[	[	X
easat-4440	405	2	11	11	NUM
easat-4440	405	3	]	]	X
easat-4440	405	4	f.	f.	PROPN
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easat-4440	405	6	,	,	PUNCT
easat-4440	405	7	c.	c.	PROPN
easat-4440	405	8	li	li	PROPN
easat-4440	405	9	,	,	PUNCT
easat-4440	405	10	h.	h.	PROPN
easat-4440	405	11	sha	sha	PROPN
easat-4440	405	12	,	,	PUNCT
easat-4440	405	13	and	and	CCONJ
easat-4440	405	14	l.	l.	PROPN
easat-4440	405	15	shao	shao	PROPN
easat-4440	405	16	,	,	PUNCT
easat-4440	405	17	"	"	PUNCT
easat-4440	405	18	how	how	SCONJ
easat-4440	405	19	does	do	AUX
easat-4440	405	20	economic	economic	ADJ
easat-4440	405	21	policy	policy	NOUN
easat-4440	405	22	uncertainty	uncertainty	NOUN
easat-4440	405	23	affect	affect	VERB
easat-4440	405	24	corporate	corporate	ADJ
easat-4440	405	25	risk	risk	NOUN
easat-4440	405	26	-	-	PUNCT
easat-4440	405	27	taking	taking	NOUN
easat-4440	405	28	?	?	PUNCT
easat-4440	406	1	evidence	evidence	NOUN
easat-4440	406	2	from	from	ADP
easat-4440	406	3	china	china	PROPN
easat-4440	406	4	,	,	PUNCT
easat-4440	406	5	"	"	PUNCT
easat-4440	406	6	finance	finance	NOUN
easat-4440	406	7	research	research	NOUN
easat-4440	406	8	letters	letter	NOUN
easat-4440	406	9	,	,	PUNCT
easat-4440	406	10	vol	vol	NOUN
easat-4440	406	11	.	.	PROPN
easat-4440	406	12	41	41	NUM
easat-4440	406	13	,	,	PUNCT
easat-4440	406	14	p.	p.	NOUN
easat-4440	406	15	101840	101840	NUM
easat-4440	406	16	,	,	PUNCT
easat-4440	406	17	2021	2021	NUM
easat-4440	406	18	.	.	PUNCT
easat-4440	407	1	https://doi.org/10.1016/j.frl.2021.101798	https://doi.org/10.1016/j.frl.2021.101798	VERB
easat-4440	408	1	[	[	X
easat-4440	408	2	12	12	NUM
easat-4440	408	3	]	]	PUNCT
easat-4440	408	4	s.	s.	PROPN
easat-4440	408	5	r.	r.	PROPN
easat-4440	408	6	baker	baker	PROPN
easat-4440	408	7	,	,	PUNCT
easat-4440	408	8	n.	n.	PROPN
easat-4440	408	9	bloom	bloom	NOUN
easat-4440	408	10	,	,	PUNCT
easat-4440	408	11	and	and	CCONJ
easat-4440	408	12	s.	s.	PROPN
easat-4440	408	13	j.	j.	PROPN
easat-4440	408	14	davis	davis	PROPN
easat-4440	408	15	,	,	PUNCT
easat-4440	408	16	"	"	PUNCT
easat-4440	408	17	has	have	VERB
easat-4440	408	18	economic	economic	ADJ
easat-4440	408	19	policy	policy	NOUN
easat-4440	408	20	uncertainty	uncertainty	NOUN
easat-4440	408	21	hampered	hamper	VERB
easat-4440	408	22	the	the	DET
easat-4440	408	23	recovery	recovery	NOUN
easat-4440	408	24	?	?	PUNCT
easat-4440	408	25	,	,	PUNCT
easat-4440	408	26	"	"	PUNCT
easat-4440	408	27	becker	becker	PROPN
easat-4440	408	28	friedman	friedman	PROPN
easat-4440	408	29	institute	institute	PROPN
easat-4440	408	30	for	for	ADP
easat-4440	408	31	research	research	NOUN
easat-4440	408	32	in	in	ADP
easat-4440	408	33	economic	economic	ADJ
easat-4440	408	34	working	working	NOUN
easat-4440	408	35	paper	paper	NOUN
easat-4440	408	36	,	,	PUNCT
easat-4440	408	37	vol	vol	NOUN
easat-4440	408	38	.	.	PROPN
easat-4440	408	39	242	242	NUM
easat-4440	408	40	,	,	PUNCT
easat-4440	408	41	pp	pp	ADJ
easat-4440	408	42	.	.	PUNCT
easat-4440	409	1	1	1	NUM
easat-4440	409	2	-	-	SYM
easat-4440	409	3	10	10	NUM
easat-4440	409	4	,	,	PUNCT
easat-4440	409	5	2012	2012	NUM
easat-4440	409	6	.	.	PUNCT
easat-4440	410	1	[	[	X
easat-4440	410	2	13	13	NUM
easat-4440	410	3	]	]	PUNCT
easat-4440	410	4	j.	j.	PROPN
easat-4440	410	5	francis	francis	PROPN
easat-4440	410	6	,	,	PUNCT
easat-4440	410	7	c.	c.	PROPN
easat-4440	410	8	zheng	zheng	PROPN
easat-4440	410	9	,	,	PUNCT
easat-4440	410	10	and	and	CCONJ
easat-4440	410	11	a.	a.	NOUN
easat-4440	410	12	mukherji	mukherji	PROPN
easat-4440	410	13	,	,	PUNCT
easat-4440	410	14	"	"	PUNCT
easat-4440	410	15	an	an	DET
easat-4440	410	16	institutional	institutional	ADJ
easat-4440	410	17	perspective	perspective	NOUN
easat-4440	410	18	on	on	ADP
easat-4440	410	19	foreign	foreign	ADJ
easat-4440	410	20	direct	direct	ADJ
easat-4440	410	21	investment	investment	NOUN
easat-4440	410	22	,	,	PUNCT
easat-4440	410	23	"	"	PUNCT
easat-4440	410	24	management	management	NOUN
easat-4440	410	25	international	international	PROPN
easat-4440	410	26	review	review	PROPN
easat-4440	410	27	,	,	PUNCT
easat-4440	410	28	vol	vol	NOUN
easat-4440	410	29	.	.	PROPN
easat-4440	410	30	49	49	NUM
easat-4440	410	31	,	,	PUNCT
easat-4440	410	32	no	no	INTJ
easat-4440	410	33	.	.	NOUN
easat-4440	410	34	5	5	NUM
easat-4440	410	35	,	,	PUNCT
easat-4440	410	36	pp	pp	ADJ
easat-4440	410	37	.	.	PUNCT
easat-4440	411	1	565	565	NUM
easat-4440	411	2	-	-	SYM
easat-4440	411	3	583	583	NUM
easat-4440	411	4	,	,	PUNCT
easat-4440	411	5	2009	2009	NUM
easat-4440	411	6	.	.	PUNCT
easat-4440	412	1	https://doi.org/10.1007/s11575-009-0034-1	https://doi.org/10.1007/s11575-009-0034-1	NUM
easat-4440	413	1	[	[	X
easat-4440	413	2	14	14	NUM
easat-4440	413	3	]	]	X
easat-4440	413	4	e.	e.	PROPN
easat-4440	413	5	g.	g.	PROPN
easat-4440	413	6	furubotn	furubotn	PROPN
easat-4440	413	7	and	and	CCONJ
easat-4440	413	8	r.	r.	PROPN
easat-4440	413	9	richter	richter	PROPN
easat-4440	413	10	,	,	PUNCT
easat-4440	413	11	"	"	PUNCT
easat-4440	413	12	the	the	DET
easat-4440	413	13	new	new	ADJ
easat-4440	413	14	institutional	institutional	ADJ
easat-4440	413	15	economics	economic	NOUN
easat-4440	413	16	–	–	PUNCT
easat-4440	413	17	a	a	DET
easat-4440	413	18	different	different	ADJ
easat-4440	413	19	approach	approach	NOUN
easat-4440	413	20	to	to	ADP
easat-4440	413	21	economic	economic	ADJ
easat-4440	413	22	analysis	analysis	NOUN
easat-4440	413	23	,	,	PUNCT
easat-4440	413	24	"	"	PUNCT
easat-4440	413	25	economic	economic	ADJ
easat-4440	413	26	affairs	affair	NOUN
easat-4440	413	27	,	,	PUNCT
easat-4440	413	28	vol	vol	NOUN
easat-4440	413	29	.	.	PROPN
easat-4440	414	1	28	28	NUM
easat-4440	414	2	,	,	PUNCT
easat-4440	414	3	no	no	INTJ
easat-4440	414	4	.	.	NOUN
easat-4440	414	5	3	3	NUM
easat-4440	414	6	,	,	PUNCT
easat-4440	414	7	pp	pp	ADJ
easat-4440	414	8	.	.	PUNCT
easat-4440	415	1	15	15	NUM
easat-4440	415	2	-	-	SYM
easat-4440	415	3	23	23	NUM
easat-4440	415	4	,	,	PUNCT
easat-4440	415	5	2008	2008	NUM
easat-4440	415	6	.	.	PUNCT
easat-4440	416	1	https://doi.org/10.1111/j.1468-0327.2008.01761.x	https://doi.org/10.1111/j.1468-0327.2008.01761.x	NOUN
easat-4440	417	1	[	[	X
easat-4440	417	2	15	15	NUM
easat-4440	417	3	]	]	X
easat-4440	417	4	d.	d.	PROPN
easat-4440	417	5	c.	c.	PROPN
easat-4440	417	6	north	north	PROPN
easat-4440	417	7	,	,	PUNCT
easat-4440	417	8	institutions	institution	NOUN
easat-4440	417	9	,	,	PUNCT
easat-4440	417	10	institutional	institutional	ADJ
easat-4440	417	11	change	change	NOUN
easat-4440	417	12	and	and	CCONJ
easat-4440	417	13	economic	economic	ADJ
easat-4440	417	14	performance	performance	NOUN
easat-4440	417	15	.	.	PUNCT
easat-4440	418	1	united	united	PROPN
easat-4440	418	2	kingdom	kingdom	PROPN
easat-4440	418	3	:	:	PUNCT
easat-4440	418	4	cambridge	cambridge	PROPN
easat-4440	418	5	university	university	PROPN
easat-4440	418	6	press	press	NOUN
easat-4440	418	7	,	,	PUNCT
easat-4440	418	8	1990	1990	NUM
easat-4440	418	9	.	.	PUNCT
easat-4440	419	1	[	[	X
easat-4440	419	2	16	16	NUM
easat-4440	419	3	]	]	PUNCT
easat-4440	419	4	m.	m.	PROPN
easat-4440	419	5	w.	w.	PROPN
easat-4440	419	6	peng	peng	PROPN
easat-4440	419	7	,	,	PUNCT
easat-4440	419	8	s.	s.	PROPN
easat-4440	419	9	l.	l.	PROPN
easat-4440	419	10	sun	sun	PROPN
easat-4440	419	11	,	,	PUNCT
easat-4440	419	12	b.	b.	PROPN
easat-4440	419	13	pinkham	pinkham	PROPN
easat-4440	419	14	,	,	PUNCT
easat-4440	419	15	and	and	CCONJ
easat-4440	419	16	h.	h.	PROPN
easat-4440	419	17	chen	chen	PROPN
easat-4440	419	18	,	,	PUNCT
easat-4440	419	19	"	"	PUNCT
easat-4440	419	20	the	the	DET
easat-4440	419	21	institution	institution	NOUN
easat-4440	419	22	-	-	PUNCT
easat-4440	419	23	based	base	VERB
easat-4440	419	24	view	view	NOUN
easat-4440	419	25	as	as	ADP
easat-4440	419	26	a	a	DET
easat-4440	419	27	third	third	ADJ
easat-4440	419	28	leg	leg	NOUN
easat-4440	419	29	for	for	ADP
easat-4440	419	30	a	a	DET
easat-4440	419	31	strategy	strategy	NOUN
easat-4440	419	32	tripod	tripod	NOUN
easat-4440	419	33	,	,	PUNCT
easat-4440	419	34	"	"	PUNCT
easat-4440	419	35	academy	academy	NOUN
easat-4440	419	36	of	of	ADP
easat-4440	419	37	management	management	NOUN
easat-4440	419	38	perspectives	perspective	NOUN
easat-4440	419	39	,	,	PUNCT
easat-4440	419	40	vol	vol	NOUN
easat-4440	419	41	.	.	PROPN
easat-4440	419	42	23	23	NUM
easat-4440	419	43	,	,	PUNCT
easat-4440	419	44	no	no	INTJ
easat-4440	419	45	.	.	NOUN
easat-4440	419	46	3	3	NUM
easat-4440	419	47	,	,	PUNCT
easat-4440	419	48	pp	pp	ADJ
easat-4440	419	49	.	.	PUNCT
easat-4440	420	1	63	63	NUM
easat-4440	420	2	-	-	SYM
easat-4440	420	3	81	81	NUM
easat-4440	420	4	,	,	PUNCT
easat-4440	420	5	2009	2009	NUM
easat-4440	420	6	.	.	PUNCT
easat-4440	421	1	https://doi.org/10.5465/amp.2009.43479264	https://doi.org/10.5465/amp.2009.43479264	NOUN
easat-4440	422	1	[	[	X
easat-4440	422	2	17	17	NUM
easat-4440	422	3	]	]	PUNCT
easat-4440	422	4	s.	s.	PROPN
easat-4440	422	5	t.	t.	PROPN
easat-4440	422	6	g.	g.	PROPN
easat-4440	422	7	moura	moura	PROPN
easat-4440	422	8	,	,	PUNCT
easat-4440	422	9	c.	c.	PROPN
easat-4440	422	10	d.	d.	PROPN
easat-4440	422	11	falaster	falaster	PROPN
easat-4440	422	12	,	,	PUNCT
easat-4440	422	13	c.	c.	PROPN
easat-4440	422	14	e.	e.	PROPN
easat-4440	422	15	bianchi	bianchi	PROPN
easat-4440	422	16	,	,	PUNCT
easat-4440	422	17	é	é	PROPN
easat-4440	422	18	.	.	PUNCT
easat-4440	422	19	de	de	PROPN
easat-4440	422	20	souza	souza	PROPN
easat-4440	422	21	mazato	mazato	PROPN
easat-4440	422	22	,	,	PUNCT
easat-4440	422	23	and	and	CCONJ
easat-4440	422	24	l.	l.	PROPN
easat-4440	422	25	t.	t.	PROPN
easat-4440	422	26	espig	espig	PROPN
easat-4440	422	27	,	,	PUNCT
easat-4440	422	28	"	"	PUNCT
easat-4440	422	29	how	how	SCONJ
easat-4440	422	30	institutions	institution	NOUN
easat-4440	422	31	shape	shape	VERB
easat-4440	422	32	uncertainty	uncertainty	NOUN
easat-4440	422	33	and	and	CCONJ
easat-4440	422	34	risk	risk	NOUN
easat-4440	422	35	,	,	PUNCT
easat-4440	422	36	"	"	PUNCT
easat-4440	422	37	internext	internext	ADJ
easat-4440	422	38	,	,	PUNCT
easat-4440	422	39	vol	vol	NOUN
easat-4440	422	40	.	.	PROPN
easat-4440	423	1	16	16	NUM
easat-4440	423	2	,	,	PUNCT
easat-4440	423	3	no	no	INTJ
easat-4440	423	4	.	.	NOUN
easat-4440	423	5	3	3	NUM
easat-4440	423	6	,	,	PUNCT
easat-4440	423	7	pp	pp	ADJ
easat-4440	423	8	.	.	PUNCT
easat-4440	424	1	238	238	NUM
easat-4440	424	2	-	-	SYM
easat-4440	424	3	251	251	NUM
easat-4440	424	4	,	,	PUNCT
easat-4440	424	5	2021	2021	NUM
easat-4440	424	6	.	.	PUNCT
easat-4440	425	1	https://doi.org/10.18568/1980-4865.16238-251	https://doi.org/10.18568/1980-4865.16238-251	PROPN
easat-4440	425	2	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-4440	425	3	https://doi.org/10.1093/qje/qjw024	https://doi.org/10.1093/qje/qjw024	PROPN
easat-4440	425	4	https://doi.org/10.1093/rfs/hhv070	https://doi.org/10.1093/rfs/hhv070	PROPN
easat-4440	425	5	https://doi.org/10.1080/23322039.2022.2109074	https://doi.org/10.1080/23322039.2022.2109074	PROPN
easat-4440	425	6	https://doi.org/10.1057/ejdr.2010.4	https://doi.org/10.1057/ejdr.2010.4	NOUN
easat-4440	425	7	https://doi.org/10.1016/j.eneco.2021.105689	https://doi.org/10.1016/j.eneco.2021.105689	PROPN
easat-4440	425	8	https://doi.org/10.1007/s40812-022-00209-z	https://doi.org/10.1007/s40812-022-00209-z	PROPN
easat-4440	425	9	https://doi.org/10.1007/s40812-022-00209-z	https://doi.org/10.1007/s40812-022-00209-z	PROPN
easat-4440	426	1	https://doi.org/10.3390/su142215123	https://doi.org/10.3390/su142215123	PRON
easat-4440	426	2	https://doi.org/10.1080/23812346.2020.1804623	https://doi.org/10.1080/23812346.2020.1804623	PROPN
easat-4440	427	1	https://doi.org/10.1016/j.jfs.2021.100935	https://doi.org/10.1016/j.jfs.2021.100935	PROPN
easat-4440	427	2	https://doi.org/www.dbresearch.com	https://doi.org/www.dbresearch.com	PROPN
easat-4440	427	3	https://doi.org/10.1016/j.frl.2021.101798	https://doi.org/10.1016/j.frl.2021.101798	PROPN
easat-4440	427	4	https://doi.org/10.1007/s11575-009-0034-1	https://doi.org/10.1007/s11575-009-0034-1	NUM
easat-4440	427	5	https://doi.org/10.1111/j.1468-0327.2008.01761.x	https://doi.org/10.1111/j.1468-0327.2008.01761.x	NOUN
easat-4440	427	6	https://doi.org/10.5465/amp.2009.43479264	https://doi.org/10.5465/amp.2009.43479264	NOUN
easat-4440	427	7	https://doi.org/10.18568/1980-4865.16238-251	https://doi.org/10.18568/1980-4865.16238-251	PROPN
easat-4440	427	8	159	159	NUM
easat-4440	427	9	edelweiss	edelweiss	PROPN
easat-4440	427	10	applied	apply	VERB
easat-4440	427	11	science	science	NOUN
easat-4440	427	12	and	and	CCONJ
easat-4440	427	13	technology	technology	NOUN
easat-4440	427	14	issn	issn	PROPN
easat-4440	427	15	:	:	PUNCT
easat-4440	427	16	2576	2576	NUM
easat-4440	427	17	-	-	SYM
easat-4440	427	18	8484	8484	NUM
easat-4440	427	19	vol	vol	NOUN
easat-4440	427	20	.	.	PROPN
easat-4440	428	1	9	9	NUM
easat-4440	428	2	,	,	PUNCT
easat-4440	428	3	no	no	INTJ
easat-4440	428	4	.	.	NOUN
easat-4440	429	1	2	2	NUM
easat-4440	429	2	:	:	SYM
easat-4440	429	3	144	144	NUM
easat-4440	429	4	-	-	SYM
easat-4440	429	5	159	159	NUM
easat-4440	429	6	,	,	PUNCT
easat-4440	429	7	2025	2025	NUM
easat-4440	429	8	doi	doi	NOUN
easat-4440	429	9	:	:	PUNCT
easat-4440	429	10	10.55214/25768484.v9i2.4440	10.55214/25768484.v9i2.4440	NUM
easat-4440	429	11	©	©	PROPN
easat-4440	429	12	2025	2025	NUM
easat-4440	429	13	by	by	ADP
easat-4440	429	14	the	the	DET
easat-4440	429	15	author	author	NOUN
easat-4440	429	16	;	;	PUNCT
easat-4440	429	17	licensee	licensee	PROPN
easat-4440	429	18	learning	learning	NOUN
easat-4440	429	19	gate	gate	NOUN
easat-4440	429	20	[	[	X
easat-4440	429	21	18	18	NUM
easat-4440	429	22	]	]	PUNCT
easat-4440	429	23	b.	b.	PROPN
easat-4440	429	24	z.	z.	PROPN
easat-4440	429	25	tamanaha	tamanaha	PROPN
easat-4440	429	26	,	,	PUNCT
easat-4440	429	27	"	"	PUNCT
easat-4440	429	28	the	the	DET
easat-4440	429	29	knowledge	knowledge	NOUN
easat-4440	429	30	and	and	CCONJ
easat-4440	429	31	policy	policy	NOUN
easat-4440	429	32	limits	limit	NOUN
easat-4440	429	33	of	of	ADP
easat-4440	429	34	new	new	ADJ
easat-4440	429	35	institutional	institutional	ADJ
easat-4440	429	36	economics	economic	NOUN
easat-4440	429	37	on	on	ADP
easat-4440	429	38	development	development	NOUN
easat-4440	429	39	,	,	PUNCT
easat-4440	429	40	"	"	PUNCT
easat-4440	429	41	journal	journal	NOUN
easat-4440	429	42	of	of	ADP
easat-4440	429	43	economic	economic	ADJ
easat-4440	429	44	issues	issue	NOUN
easat-4440	429	45	,	,	PUNCT
easat-4440	429	46	vol	vol	NOUN
easat-4440	429	47	.	.	PROPN
easat-4440	429	48	49	49	NUM
easat-4440	429	49	,	,	PUNCT
easat-4440	429	50	no	no	INTJ
easat-4440	429	51	.	.	NOUN
easat-4440	429	52	1	1	NUM
easat-4440	429	53	,	,	PUNCT
easat-4440	429	54	pp	pp	ADJ
easat-4440	429	55	.	.	PUNCT
easat-4440	429	56	89	89	NUM
easat-4440	429	57	-	-	SYM
easat-4440	429	58	109	109	NUM
easat-4440	429	59	,	,	PUNCT
easat-4440	429	60	2015	2015	NUM
easat-4440	429	61	.	.	PUNCT
easat-4440	430	1	https://doi.org/10.1080/00213624.2015.1016722	https://doi.org/10.1080/00213624.2015.1016722	X
easat-4440	431	1	[	[	X
easat-4440	431	2	19	19	NUM
easat-4440	431	3	]	]	X
easat-4440	431	4	d.	d.	NOUN
easat-4440	431	5	rodrik	rodrik	PROPN
easat-4440	431	6	,	,	PUNCT
easat-4440	431	7	"	"	PUNCT
easat-4440	431	8	institutions	institution	NOUN
easat-4440	431	9	for	for	ADP
easat-4440	431	10	high	high	ADJ
easat-4440	431	11	-	-	PUNCT
easat-4440	431	12	quality	quality	NOUN
easat-4440	431	13	growth	growth	NOUN
easat-4440	431	14	:	:	PUNCT
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easat-4440	431	16	they	they	PRON
easat-4440	431	17	are	be	AUX
easat-4440	431	18	and	and	CCONJ
easat-4440	431	19	how	how	SCONJ
easat-4440	431	20	to	to	PART
easat-4440	431	21	acquire	acquire	VERB
easat-4440	431	22	them	they	PRON
easat-4440	431	23	,	,	PUNCT
easat-4440	431	24	"	"	PUNCT
easat-4440	431	25	studies	study	NOUN
easat-4440	431	26	in	in	ADP
easat-4440	431	27	comparative	comparative	ADJ
easat-4440	431	28	international	international	ADJ
easat-4440	431	29	development	development	NOUN
easat-4440	431	30	,	,	PUNCT
easat-4440	431	31	vol	vol	NOUN
easat-4440	431	32	.	.	PROPN
easat-4440	431	33	35	35	NUM
easat-4440	431	34	,	,	PUNCT
easat-4440	431	35	no	no	INTJ
easat-4440	431	36	.	.	NOUN
easat-4440	431	37	3	3	NUM
easat-4440	431	38	,	,	PUNCT
easat-4440	431	39	pp	pp	ADJ
easat-4440	431	40	.	.	PUNCT
easat-4440	432	1	3	3	NUM
easat-4440	432	2	-	-	SYM
easat-4440	432	3	31	31	NUM
easat-4440	432	4	,	,	PUNCT
easat-4440	432	5	2000	2000	NUM
easat-4440	432	6	.	.	PUNCT
easat-4440	433	1	https://doi.org/10.1007/bf02686148	https://doi.org/10.1007/bf02686148	X
easat-4440	434	1	[	[	X
easat-4440	434	2	20	20	NUM
easat-4440	434	3	]	]	PUNCT
easat-4440	434	4	m.	m.	NOUN
easat-4440	434	5	amal	amal	PROPN
easat-4440	434	6	and	and	CCONJ
easat-4440	434	7	f.	f.	PROPN
easat-4440	434	8	seabra	seabra	PROPN
easat-4440	434	9	,	,	PUNCT
easat-4440	434	10	"	"	PUNCT
easat-4440	434	11	determinants	determinant	NOUN
easat-4440	434	12	of	of	ADP
easat-4440	434	13	foreign	foreign	ADJ
easat-4440	434	14	direct	direct	ADJ
easat-4440	434	15	investment	investment	NOUN
easat-4440	434	16	(	(	PUNCT
easat-4440	434	17	fdi	fdi	NOUN
easat-4440	434	18	)	)	PUNCT
easat-4440	434	19	in	in	ADP
easat-4440	434	20	latin	latin	PROPN
easat-4440	434	21	america	america	PROPN
easat-4440	434	22	:	:	PUNCT
easat-4440	434	23	an	an	DET
easat-4440	434	24	institutional	institutional	ADJ
easat-4440	434	25	perspective	perspective	NOUN
easat-4440	434	26	,	,	PUNCT
easat-4440	434	27	"	"	PUNCT
easat-4440	434	28	revista	revista	ADJ
easat-4440	434	29	economi	economi	NOUN
easat-4440	434	30	,	,	PUNCT
easat-4440	434	31	vol	vol	NOUN
easat-4440	434	32	.	.	PROPN
easat-4440	434	33	8	8	NUM
easat-4440	434	34	,	,	PUNCT
easat-4440	434	35	no	no	INTJ
easat-4440	434	36	.	.	NOUN
easat-4440	434	37	2	2	NUM
easat-4440	434	38	,	,	PUNCT
easat-4440	434	39	pp	pp	ADJ
easat-4440	434	40	.	.	PUNCT
easat-4440	435	1	231–247	231–247	NUM
easat-4440	435	2	,	,	PUNCT
easat-4440	435	3	2007	2007	NUM
easat-4440	435	4	.	.	PUNCT
easat-4440	436	1	[	[	X
easat-4440	436	2	21	21	NUM
easat-4440	436	3	]	]	PUNCT
easat-4440	436	4	m.	m.	NOUN
easat-4440	436	5	a.	a.	PROPN
easat-4440	436	6	khan	khan	PROPN
easat-4440	436	7	,	,	PUNCT
easat-4440	436	8	m.	m.	NOUN
easat-4440	436	9	a.	a.	PROPN
easat-4440	436	10	khan	khan	PROPN
easat-4440	436	11	,	,	PUNCT
easat-4440	436	12	m.	m.	PROPN
easat-4440	436	13	e.	e.	PROPN
easat-4440	436	14	abdulahi	abdulahi	PROPN
easat-4440	436	15	,	,	PUNCT
easat-4440	436	16	i.	i.	PROPN
easat-4440	436	17	liaqat	liaqat	PROPN
easat-4440	436	18	,	,	PUNCT
easat-4440	436	19	and	and	CCONJ
easat-4440	436	20	s.	s.	PROPN
easat-4440	436	21	s.	s.	PROPN
easat-4440	436	22	h.	h.	PROPN
easat-4440	436	23	shah	shah	PROPN
easat-4440	436	24	,	,	PUNCT
easat-4440	436	25	"	"	PUNCT
easat-4440	436	26	institutional	institutional	ADJ
easat-4440	436	27	quality	quality	NOUN
easat-4440	436	28	and	and	CCONJ
easat-4440	436	29	financial	financial	ADJ
easat-4440	436	30	development	development	NOUN
easat-4440	436	31	:	:	PUNCT
easat-4440	436	32	the	the	DET
easat-4440	436	33	united	united	PROPN
easat-4440	436	34	states	states	PROPN
easat-4440	436	35	perspective	perspective	NOUN
easat-4440	436	36	,	,	PUNCT
easat-4440	436	37	"	"	PUNCT
easat-4440	436	38	journal	journal	NOUN
easat-4440	436	39	of	of	ADP
easat-4440	436	40	multinational	multinational	ADJ
easat-4440	436	41	financial	financial	ADJ
easat-4440	436	42	management	management	NOUN
easat-4440	436	43	,	,	PUNCT
easat-4440	436	44	vol	vol	NOUN
easat-4440	436	45	.	.	PROPN
easat-4440	436	46	49	49	NUM
easat-4440	436	47	,	,	PUNCT
easat-4440	436	48	pp	pp	ADJ
easat-4440	436	49	.	.	PUNCT
easat-4440	436	50	67	67	NUM
easat-4440	436	51	-	-	SYM
easat-4440	436	52	80	80	NUM
easat-4440	436	53	,	,	PUNCT
easat-4440	436	54	2019	2019	NUM
easat-4440	436	55	.	.	PUNCT
easat-4440	437	1	https://doi.org/10.1016/j.mulfin.2018.07.004	https://doi.org/10.1016/j.mulfin.2018.07.004	NOUN
easat-4440	438	1	[	[	X
easat-4440	438	2	22	22	NUM
easat-4440	438	3	]	]	PUNCT
easat-4440	438	4	r.	r.	PROPN
easat-4440	438	5	lazarov	lazarov	PROPN
easat-4440	438	6	,	,	PUNCT
easat-4440	438	7	"	"	PUNCT
easat-4440	438	8	economic	economic	ADJ
easat-4440	438	9	uncertainty	uncertainty	NOUN
easat-4440	438	10	and	and	CCONJ
easat-4440	438	11	the	the	DET
easat-4440	438	12	role	role	NOUN
easat-4440	438	13	of	of	ADP
easat-4440	438	14	the	the	DET
easat-4440	438	15	institutional	institutional	ADJ
easat-4440	438	16	factor	factor	NOUN
easat-4440	438	17	in	in	ADP
easat-4440	438	18	its	its	PRON
easat-4440	438	19	analysis	analysis	NOUN
easat-4440	438	20	,	,	PUNCT
easat-4440	438	21	"	"	PUNCT
easat-4440	438	22	economy	economy	NOUN
easat-4440	438	23	21	21	NUM
easat-4440	438	24	,	,	PUNCT
easat-4440	438	25	vol	vol	NOUN
easat-4440	438	26	.	.	PROPN
easat-4440	438	27	3	3	NUM
easat-4440	438	28	,	,	PUNCT
easat-4440	438	29	no	no	INTJ
easat-4440	438	30	.	.	PUNCT
easat-4440	439	1	2eng	2eng	NUM
easat-4440	439	2	,	,	PUNCT
easat-4440	439	3	pp	pp	ADJ
easat-4440	439	4	.	.	PUNCT
easat-4440	440	1	94	94	NUM
easat-4440	440	2	-	-	SYM
easat-4440	440	3	107	107	NUM
easat-4440	440	4	,	,	PUNCT
easat-4440	440	5	2013	2013	NUM
easat-4440	440	6	.	.	PUNCT
easat-4440	441	1	[	[	X
easat-4440	441	2	23	23	NUM
easat-4440	441	3	]	]	PUNCT
easat-4440	441	4	m.	m.	NOUN
easat-4440	441	5	qamruzzaman	qamruzzaman	PROPN
easat-4440	441	6	,	,	PUNCT
easat-4440	441	7	"	"	PUNCT
easat-4440	441	8	nexus	nexus	NOUN
easat-4440	441	9	between	between	ADP
easat-4440	441	10	economic	economic	ADJ
easat-4440	441	11	policy	policy	NOUN
easat-4440	441	12	uncertainty	uncertainty	NOUN
easat-4440	441	13	and	and	CCONJ
easat-4440	441	14	institutional	institutional	ADJ
easat-4440	441	15	quality	quality	NOUN
easat-4440	441	16	:	:	PUNCT
easat-4440	441	17	evidence	evidence	NOUN
easat-4440	441	18	from	from	ADP
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easat-4440	441	20	and	and	CCONJ
easat-4440	441	21	pakistan	pakistan	PROPN
easat-4440	441	22	,	,	PUNCT
easat-4440	441	23	"	"	PUNCT
easat-4440	441	24	macroeconomics	macroeconomic	NOUN
easat-4440	441	25	and	and	CCONJ
easat-4440	441	26	finance	finance	NOUN
easat-4440	441	27	in	in	ADP
easat-4440	441	28	emerging	emerge	VERB
easat-4440	441	29	market	market	NOUN
easat-4440	441	30	economies	economy	NOUN
easat-4440	441	31	,	,	PUNCT
easat-4440	441	32	vol	vol	NOUN
easat-4440	441	33	.	.	PROPN
easat-4440	441	34	16	16	NUM
easat-4440	441	35	,	,	PUNCT
easat-4440	441	36	no	no	INTJ
easat-4440	441	37	.	.	NOUN
easat-4440	441	38	3	3	NUM
easat-4440	441	39	,	,	PUNCT
easat-4440	441	40	pp	pp	ADJ
easat-4440	441	41	.	.	PUNCT
easat-4440	442	1	389	389	NUM
easat-4440	442	2	-	-	SYM
easat-4440	442	3	408	408	NUM
easat-4440	442	4	,	,	PUNCT
easat-4440	442	5	2023	2023	NUM
easat-4440	442	6	.	.	PUNCT
easat-4440	443	1	[	[	X
easat-4440	443	2	24	24	NUM
easat-4440	443	3	]	]	PUNCT
easat-4440	443	4	r.	r.	PROPN
easat-4440	443	5	k.	k.	PROPN
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easat-4440	443	8	j.	j.	PROPN
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easat-4440	443	11	,	,	PUNCT
easat-4440	443	12	"	"	PUNCT
easat-4440	443	13	political	political	ADJ
easat-4440	443	14	uncertainty	uncertainty	NOUN
easat-4440	443	15	and	and	CCONJ
easat-4440	443	16	international	international	ADJ
easat-4440	443	17	corruption	corruption	NOUN
easat-4440	443	18	,	,	PUNCT
easat-4440	443	19	"	"	PUNCT
easat-4440	443	20	applied	apply	VERB
easat-4440	443	21	economics	economic	NOUN
easat-4440	443	22	letters	letter	NOUN
easat-4440	443	23	,	,	PUNCT
easat-4440	443	24	vol	vol	NOUN
easat-4440	443	25	.	.	PROPN
easat-4440	444	1	24	24	NUM
easat-4440	444	2	,	,	PUNCT
easat-4440	444	3	no	no	INTJ
easat-4440	444	4	.	.	NOUN
easat-4440	444	5	18	18	NUM
easat-4440	444	6	,	,	PUNCT
easat-4440	444	7	pp	pp	ADJ
easat-4440	444	8	.	.	PUNCT
easat-4440	445	1	1298	1298	NUM
easat-4440	445	2	-	-	SYM
easat-4440	445	3	1306	1306	NUM
easat-4440	445	4	,	,	PUNCT
easat-4440	445	5	2017	2017	NUM
easat-4440	445	6	.	.	PUNCT
easat-4440	446	1	https://doi.org/10.1080/13504851.2017.1313305	https://doi.org/10.1080/13504851.2017.1313305	NOUN
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easat-4440	447	2	25	25	NUM
easat-4440	447	3	]	]	PUNCT
easat-4440	447	4	m.	m.	PROPN
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easat-4440	447	7	,	,	PUNCT
easat-4440	447	8	r.	r.	PROPN
easat-4440	447	9	p.	p.	PROPN
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easat-4440	447	13	m.	m.	PROPN
easat-4440	447	14	s.	s.	PROPN
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easat-4440	447	17	"	"	PUNCT
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easat-4440	447	21	between	between	ADP
easat-4440	447	22	institutional	institutional	ADJ
easat-4440	447	23	quality	quality	NOUN
easat-4440	447	24	,	,	PUNCT
easat-4440	447	25	government	government	NOUN
easat-4440	447	26	expenditure	expenditure	NOUN
easat-4440	447	27	,	,	PUNCT
easat-4440	447	28	tax	tax	NOUN
easat-4440	447	29	revenue	revenue	NOUN
easat-4440	447	30	and	and	CCONJ
easat-4440	447	31	economic	economic	ADJ
easat-4440	447	32	growth	growth	NOUN
easat-4440	447	33	?	?	PUNCT
easat-4440	448	1	evidence	evidence	NOUN
easat-4440	448	2	from	from	ADP
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easat-4440	448	4	-	-	PUNCT
easat-4440	448	5	income	income	NOUN
easat-4440	448	6	and	and	CCONJ
easat-4440	448	7	lower	lower	ADV
easat-4440	448	8	-	-	PUNCT
easat-4440	448	9	middle	middle	ADJ
easat-4440	448	10	-	-	PUNCT
easat-4440	448	11	income	income	NOUN
easat-4440	448	12	countries	country	NOUN
easat-4440	448	13	,	,	PUNCT
easat-4440	448	14	"	"	PUNCT
easat-4440	448	15	economic	economic	ADJ
easat-4440	448	16	analysis	analysis	NOUN
easat-4440	448	17	and	and	CCONJ
easat-4440	448	18	policy	policy	NOUN
easat-4440	448	19	,	,	PUNCT
easat-4440	448	20	vol	vol	NOUN
easat-4440	448	21	.	.	PROPN
easat-4440	448	22	70	70	NUM
easat-4440	448	23	,	,	PUNCT
easat-4440	448	24	pp	pp	ADJ
easat-4440	448	25	.	.	PUNCT
easat-4440	448	26	468	468	NUM
easat-4440	448	27	-	-	SYM
easat-4440	448	28	489	489	NUM
easat-4440	448	29	,	,	PUNCT
easat-4440	448	30	2021	2021	NUM
easat-4440	448	31	.	.	PUNCT
easat-4440	449	1	https://doi.org/10.1016/j.eap.2021.01.002	https://doi.org/10.1016/j.eap.2021.01.002	PROPN
easat-4440	450	1	[	[	X
easat-4440	450	2	26	26	NUM
easat-4440	450	3	]	]	X
easat-4440	450	4	r.	r.	PROPN
easat-4440	450	5	ma	ma	PROPN
easat-4440	450	6	and	and	CCONJ
easat-4440	450	7	m.	m.	PROPN
easat-4440	450	8	qamruzzaman	qamruzzaman	PROPN
easat-4440	450	9	,	,	PUNCT
easat-4440	450	10	"	"	PUNCT
easat-4440	450	11	nexus	nexus	NOUN
easat-4440	450	12	between	between	ADP
easat-4440	450	13	government	government	NOUN
easat-4440	450	14	debt	debt	NOUN
easat-4440	450	15	,	,	PUNCT
easat-4440	450	16	economic	economic	ADJ
easat-4440	450	17	policy	policy	NOUN
easat-4440	450	18	uncertainty	uncertainty	NOUN
easat-4440	450	19	,	,	PUNCT
easat-4440	450	20	government	government	NOUN
easat-4440	450	21	spending	spending	NOUN
easat-4440	450	22	,	,	PUNCT
easat-4440	450	23	and	and	CCONJ
easat-4440	450	24	governmental	governmental	ADJ
easat-4440	450	25	effectiveness	effectiveness	NOUN
easat-4440	450	26	in	in	ADP
easat-4440	450	27	bric	bric	PROPN
easat-4440	450	28	nations	nation	NOUN
easat-4440	450	29	:	:	PUNCT
easat-4440	450	30	evidence	evidence	NOUN
easat-4440	450	31	for	for	ADP
easat-4440	450	32	linear	linear	ADJ
easat-4440	450	33	and	and	CCONJ
easat-4440	450	34	nonlinear	nonlinear	ADJ
easat-4440	450	35	assessments	assessment	NOUN
easat-4440	450	36	,	,	PUNCT
easat-4440	450	37	"	"	PUNCT
easat-4440	450	38	frontiers	frontier	NOUN
easat-4440	450	39	in	in	ADP
easat-4440	450	40	environmental	environmental	ADJ
easat-4440	450	41	science	science	NOUN
easat-4440	450	42	,	,	PUNCT
easat-4440	450	43	vol	vol	NOUN
easat-4440	450	44	.	.	PROPN
easat-4440	450	45	10	10	NUM
easat-4440	450	46	,	,	PUNCT
easat-4440	450	47	p.	p.	NOUN
easat-4440	450	48	952452	952452	NUM
easat-4440	450	49	,	,	PUNCT
easat-4440	450	50	2022	2022	NUM
easat-4440	450	51	.	.	PUNCT
easat-4440	451	1	https://doi.org/10.3389/fenvs.2022.1078362	https://doi.org/10.3389/fenvs.2022.1078362	PROPN
easat-4440	452	1	[	[	X
easat-4440	452	2	27	27	NUM
easat-4440	452	3	]	]	PUNCT
easat-4440	452	4	r.	r.	PROPN
easat-4440	452	5	k.	k.	PROPN
easat-4440	452	6	goel	goel	PROPN
easat-4440	452	7	and	and	CCONJ
easat-4440	452	8	r.	r.	PROPN
easat-4440	452	9	ram	ram	PROPN
easat-4440	452	10	,	,	PUNCT
easat-4440	452	11	"	"	PUNCT
easat-4440	452	12	economic	economic	ADJ
easat-4440	452	13	uncertainty	uncertainty	NOUN
easat-4440	452	14	and	and	CCONJ
easat-4440	452	15	corruption	corruption	NOUN
easat-4440	452	16	:	:	PUNCT
easat-4440	452	17	evidence	evidence	NOUN
easat-4440	452	18	from	from	ADP
easat-4440	452	19	a	a	DET
easat-4440	452	20	large	large	ADJ
easat-4440	452	21	cross	cross	ADJ
easat-4440	452	22	-	-	ADJ
easat-4440	452	23	country	country	ADJ
easat-4440	452	24	data	datum	NOUN
easat-4440	452	25	set	set	VERB
easat-4440	452	26	,	,	PUNCT
easat-4440	452	27	"	"	PUNCT
easat-4440	452	28	applied	apply	VERB
easat-4440	452	29	economics	economic	NOUN
easat-4440	452	30	,	,	PUNCT
easat-4440	452	31	vol	vol	NOUN
easat-4440	452	32	.	.	PROPN
easat-4440	452	33	45	45	NUM
easat-4440	452	34	,	,	PUNCT
easat-4440	452	35	no	no	INTJ
easat-4440	452	36	.	.	NOUN
easat-4440	452	37	24	24	NUM
easat-4440	452	38	,	,	PUNCT
easat-4440	452	39	pp	pp	ADJ
easat-4440	452	40	.	.	PUNCT
easat-4440	453	1	3462	3462	NUM
easat-4440	453	2	-	-	SYM
easat-4440	453	3	3468	3468	NUM
easat-4440	453	4	,	,	PUNCT
easat-4440	453	5	2013	2013	NUM
easat-4440	453	6	.	.	PUNCT
easat-4440	454	1	https://doi.org/10.1080/00036846.2012.710042	https://doi.org/10.1080/00036846.2012.710042	NOUN
easat-4440	455	1	[	[	X
easat-4440	455	2	28	28	NUM
easat-4440	455	3	]	]	X
easat-4440	455	4	j.	j.	PROPN
easat-4440	455	5	g.	g.	PROPN
easat-4440	455	6	lambsdorff	lambsdorff	PROPN
easat-4440	455	7	and	and	CCONJ
easat-4440	455	8	s.	s.	PROPN
easat-4440	455	9	u.	u.	PROPN
easat-4440	455	10	teksoz	teksoz	PROPN
easat-4440	455	11	,	,	PUNCT
easat-4440	455	12	corrupt	corrupt	ADJ
easat-4440	455	13	relational	relational	ADJ
easat-4440	455	14	contracting	contracting	NOUN
easat-4440	455	15	.	.	PUNCT
easat-4440	456	1	in	in	ADP
easat-4440	456	2	j.	j.	PROPN
easat-4440	456	3	g.	g.	PROPN
easat-4440	456	4	lambsdorff	lambsdorff	PROPN
easat-4440	456	5	,	,	PUNCT
easat-4440	456	6	m.	m.	NOUN
easat-4440	456	7	taube	taube	PROPN
easat-4440	456	8	,	,	PUNCT
easat-4440	456	9	&	&	CCONJ
easat-4440	456	10	m.	m.	PROPN
easat-4440	456	11	schramm	schramm	PROPN
easat-4440	456	12	(	(	PUNCT
easat-4440	456	13	eds	ed	NOUN
easat-4440	456	14	.	.	PUNCT
easat-4440	456	15	)	)	PUNCT
easat-4440	456	16	,	,	PUNCT
easat-4440	456	17	the	the	DET
easat-4440	456	18	new	new	ADJ
easat-4440	456	19	institutional	institutional	ADJ
easat-4440	456	20	economics	economic	NOUN
easat-4440	456	21	of	of	ADP
easat-4440	456	22	corruption	corruption	NOUN
easat-4440	456	23	,	,	PUNCT
easat-4440	456	24	1st	1st	PROPN
easat-4440	456	25	ed	ed	NOUN
easat-4440	456	26	.	.	PUNCT
easat-4440	457	1	united	united	PROPN
easat-4440	457	2	kingdom	kingdom	PROPN
easat-4440	457	3	:	:	PUNCT
easat-4440	457	4	routledge	routledge	PROPN
easat-4440	457	5	,	,	PUNCT
easat-4440	457	6	2004	2004	NUM
easat-4440	457	7	.	.	PUNCT
easat-4440	458	1	[	[	X
easat-4440	458	2	29	29	NUM
easat-4440	458	3	]	]	X
easat-4440	458	4	d.	d.	PROPN
easat-4440	458	5	o.	o.	PROPN
easat-4440	458	6	ekeocha	ekeocha	PROPN
easat-4440	458	7	,	,	PUNCT
easat-4440	458	8	j.	j.	PROPN
easat-4440	458	9	e.	e.	PROPN
easat-4440	458	10	ogbuabor	ogbuabor	PROPN
easat-4440	458	11	,	,	PUNCT
easat-4440	458	12	o.	o.	PROPN
easat-4440	458	13	e.	e.	PROPN
easat-4440	458	14	ogbonna	ogbonna	PROPN
easat-4440	458	15	,	,	PUNCT
easat-4440	458	16	and	and	CCONJ
easat-4440	458	17	a.	a.	NOUN
easat-4440	458	18	orji	orji	NOUN
easat-4440	458	19	,	,	PUNCT
easat-4440	458	20	"	"	PUNCT
easat-4440	458	21	economic	economic	ADJ
easat-4440	458	22	policy	policy	NOUN
easat-4440	458	23	uncertainty	uncertainty	NOUN
easat-4440	458	24	,	,	PUNCT
easat-4440	458	25	governance	governance	NOUN
easat-4440	458	26	institutions	institution	NOUN
easat-4440	458	27	and	and	CCONJ
easat-4440	458	28	economic	economic	ADJ
easat-4440	458	29	performance	performance	NOUN
easat-4440	458	30	in	in	ADP
easat-4440	458	31	africa	africa	PROPN
easat-4440	458	32	:	:	PUNCT
easat-4440	458	33	are	be	AUX
easat-4440	458	34	there	there	PRON
easat-4440	458	35	regional	regional	ADJ
easat-4440	458	36	differences	difference	NOUN
easat-4440	458	37	?	?	PUNCT
easat-4440	458	38	,	,	PUNCT
easat-4440	458	39	"	"	PUNCT
easat-4440	458	40	economic	economic	ADJ
easat-4440	458	41	change	change	NOUN
easat-4440	458	42	and	and	CCONJ
easat-4440	458	43	restructuring	restructuring	NOUN
easat-4440	458	44	,	,	PUNCT
easat-4440	458	45	vol	vol	NOUN
easat-4440	458	46	.	.	PROPN
easat-4440	459	1	56	56	NUM
easat-4440	459	2	,	,	PUNCT
easat-4440	459	3	no	no	INTJ
easat-4440	459	4	.	.	NOUN
easat-4440	459	5	3	3	NUM
easat-4440	459	6	,	,	PUNCT
easat-4440	459	7	pp	pp	ADJ
easat-4440	459	8	.	.	PUNCT
easat-4440	459	9	1367	1367	NUM
easat-4440	459	10	-	-	SYM
easat-4440	459	11	1431	1431	NUM
easat-4440	459	12	,	,	PUNCT
easat-4440	459	13	2023	2023	NUM
easat-4440	459	14	.	.	PUNCT
easat-4440	460	1	https://doi.org/10.1007/s10644-022-09396-6	https://doi.org/10.1007/s10644-022-09396-6	X
easat-4440	461	1	[	[	X
easat-4440	461	2	30	30	NUM
easat-4440	461	3	]	]	X
easat-4440	461	4	m.	m.	NOUN
easat-4440	461	5	h.	h.	PROPN
easat-4440	461	6	pesaran	pesaran	PROPN
easat-4440	461	7	,	,	PUNCT
easat-4440	461	8	"	"	PUNCT
easat-4440	461	9	a	a	DET
easat-4440	461	10	simple	simple	ADJ
easat-4440	461	11	panel	panel	NOUN
easat-4440	461	12	unit	unit	NOUN
easat-4440	461	13	root	root	NOUN
easat-4440	461	14	test	test	NOUN
easat-4440	461	15	in	in	ADP
easat-4440	461	16	the	the	DET
easat-4440	461	17	presence	presence	NOUN
easat-4440	461	18	of	of	ADP
easat-4440	461	19	cross‐section	cross‐section	NOUN
easat-4440	461	20	dependence	dependence	NOUN
easat-4440	461	21	,	,	PUNCT
easat-4440	461	22	"	"	PUNCT
easat-4440	461	23	journal	journal	NOUN
easat-4440	461	24	of	of	ADP
easat-4440	461	25	applied	apply	VERB
easat-4440	461	26	econometrics	econometric	NOUN
easat-4440	461	27	,	,	PUNCT
easat-4440	461	28	vol	vol	NOUN
easat-4440	461	29	.	.	PROPN
easat-4440	461	30	22	22	NUM
easat-4440	461	31	,	,	PUNCT
easat-4440	461	32	no	no	INTJ
easat-4440	461	33	.	.	NOUN
easat-4440	461	34	2	2	NUM
easat-4440	461	35	,	,	PUNCT
easat-4440	461	36	pp	pp	ADJ
easat-4440	461	37	.	.	PUNCT
easat-4440	462	1	265	265	NUM
easat-4440	462	2	-	-	SYM
easat-4440	462	3	312	312	NUM
easat-4440	462	4	,	,	PUNCT
easat-4440	462	5	2007	2007	NUM
easat-4440	462	6	.	.	PUNCT
easat-4440	463	1	https://doi.org/10.1002/jae.951	https://doi.org/10.1002/jae.951	PROPN
easat-4440	464	1	[	[	X
easat-4440	464	2	31	31	NUM
easat-4440	464	3	]	]	PUNCT
easat-4440	464	4	j.	j.	PROPN
easat-4440	464	5	westerlund	westerlund	PROPN
easat-4440	464	6	,	,	PUNCT
easat-4440	464	7	"	"	PUNCT
easat-4440	464	8	testing	test	VERB
easat-4440	464	9	for	for	ADP
easat-4440	464	10	error	error	NOUN
easat-4440	464	11	correction	correction	NOUN
easat-4440	464	12	in	in	ADP
easat-4440	464	13	panel	panel	NOUN
easat-4440	464	14	data	datum	NOUN
easat-4440	464	15	,	,	PUNCT
easat-4440	464	16	"	"	PUNCT
easat-4440	464	17	oxford	oxford	ADJ
easat-4440	464	18	bulletin	bulletin	NOUN
easat-4440	464	19	of	of	ADP
easat-4440	464	20	economics	economic	NOUN
easat-4440	464	21	and	and	CCONJ
easat-4440	464	22	statistics	statistic	NOUN
easat-4440	464	23	,	,	PUNCT
easat-4440	464	24	vol	vol	NOUN
easat-4440	464	25	.	.	PROPN
easat-4440	464	26	69	69	NUM
easat-4440	464	27	,	,	PUNCT
easat-4440	464	28	no	no	INTJ
easat-4440	464	29	.	.	NOUN
easat-4440	464	30	6	6	NUM
easat-4440	464	31	,	,	PUNCT
easat-4440	464	32	pp	pp	ADJ
easat-4440	464	33	.	.	PUNCT
easat-4440	465	1	709	709	NUM
easat-4440	465	2	-	-	SYM
easat-4440	465	3	748	748	NUM
easat-4440	465	4	,	,	PUNCT
easat-4440	465	5	2007	2007	NUM
easat-4440	465	6	.	.	PUNCT
easat-4440	466	1	https://doi.org/10.1111/j.1468-0084.2007.00477.x	https://doi.org/10.1111/j.1468-0084.2007.00477.x	NOUN
easat-4440	467	1	[	[	X
easat-4440	467	2	32	32	NUM
easat-4440	467	3	]	]	PUNCT
easat-4440	467	4	m.	m.	NOUN
easat-4440	467	5	h.	h.	PROPN
easat-4440	467	6	pesaran	pesaran	PROPN
easat-4440	467	7	and	and	CCONJ
easat-4440	467	8	r.	r.	PROPN
easat-4440	467	9	smith	smith	PROPN
easat-4440	467	10	,	,	PUNCT
easat-4440	467	11	"	"	PUNCT
easat-4440	467	12	estimating	estimate	VERB
easat-4440	467	13	long	long	ADJ
easat-4440	467	14	-	-	PUNCT
easat-4440	467	15	run	run	NOUN
easat-4440	467	16	relationships	relationship	NOUN
easat-4440	467	17	from	from	ADP
easat-4440	467	18	dynamic	dynamic	ADJ
easat-4440	467	19	heterogeneous	heterogeneous	ADJ
easat-4440	467	20	panels	panel	NOUN
easat-4440	467	21	,	,	PUNCT
easat-4440	467	22	"	"	PUNCT
easat-4440	467	23	journal	journal	NOUN
easat-4440	467	24	of	of	ADP
easat-4440	467	25	econometrics	econometric	NOUN
easat-4440	467	26	,	,	PUNCT
easat-4440	467	27	vol	vol	NOUN
easat-4440	467	28	.	.	PROPN
easat-4440	468	1	68	68	NUM
easat-4440	468	2	,	,	PUNCT
easat-4440	468	3	no	no	INTJ
easat-4440	468	4	.	.	NOUN
easat-4440	468	5	1	1	NUM
easat-4440	468	6	,	,	PUNCT
easat-4440	468	7	pp	pp	ADJ
easat-4440	468	8	.	.	PUNCT
easat-4440	469	1	79	79	NUM
easat-4440	469	2	-	-	SYM
easat-4440	469	3	113	113	NUM
easat-4440	469	4	,	,	PUNCT
easat-4440	469	5	1995	1995	NUM
easat-4440	469	6	.	.	PUNCT
easat-4440	470	1	[	[	X
easat-4440	470	2	33	33	NUM
easat-4440	470	3	]	]	X
easat-4440	470	4	y.	y.	PROPN
easat-4440	470	5	shin	shin	PROPN
easat-4440	470	6	,	,	PUNCT
easat-4440	470	7	b.	b.	PROPN
easat-4440	470	8	yu	yu	PROPN
easat-4440	470	9	,	,	PUNCT
easat-4440	470	10	and	and	CCONJ
easat-4440	470	11	m.	m.	PROPN
easat-4440	470	12	greenwood	greenwood	PROPN
easat-4440	470	13	-	-	PUNCT
easat-4440	470	14	nimmo	nimmo	PROPN
easat-4440	470	15	,	,	PUNCT
easat-4440	470	16	"	"	PUNCT
easat-4440	470	17	modelling	model	VERB
easat-4440	470	18	asymmetric	asymmetric	ADJ
easat-4440	470	19	cointegration	cointegration	NOUN
easat-4440	470	20	and	and	CCONJ
easat-4440	470	21	dynamic	dynamic	ADJ
easat-4440	470	22	multipliers	multiplier	NOUN
easat-4440	470	23	in	in	ADP
easat-4440	470	24	a	a	DET
easat-4440	470	25	nonlinear	nonlinear	ADJ
easat-4440	470	26	ardl	ardl	NOUN
easat-4440	470	27	framework	framework	NOUN
easat-4440	470	28	,	,	PUNCT
easat-4440	470	29	"	"	PUNCT
easat-4440	470	30	festschrift	festschrift	NOUN
easat-4440	470	31	in	in	ADP
easat-4440	470	32	honor	honor	NOUN
easat-4440	470	33	of	of	ADP
easat-4440	470	34	peter	peter	PROPN
easat-4440	470	35	schmidt	schmidt	PROPN
easat-4440	470	36	:	:	PUNCT
easat-4440	470	37	econometric	econometric	ADJ
easat-4440	470	38	methods	method	NOUN
easat-4440	470	39	and	and	CCONJ
easat-4440	470	40	applications	application	NOUN
easat-4440	470	41	,	,	PUNCT
easat-4440	470	42	pp	pp	ADV
easat-4440	470	43	.	.	PUNCT
easat-4440	471	1	281	281	NUM
easat-4440	471	2	-	-	SYM
easat-4440	471	3	314	314	NUM
easat-4440	471	4	,	,	PUNCT
easat-4440	471	5	2014	2014	NUM
easat-4440	471	6	.	.	PUNCT
easat-4440	472	1	[	[	X
easat-4440	472	2	34	34	NUM
easat-4440	472	3	]	]	X
easat-4440	472	4	g.	g.	PROPN
easat-4440	472	5	békés	békés	PROPN
easat-4440	472	6	,	,	PUNCT
easat-4440	472	7	g.	g.	PROPN
easat-4440	472	8	r.	r.	PROPN
easat-4440	472	9	benito	benito	PROPN
easat-4440	472	10	,	,	PUNCT
easat-4440	472	11	d.	d.	PROPN
easat-4440	472	12	castellani	castellani	PROPN
easat-4440	472	13	,	,	PUNCT
easat-4440	472	14	and	and	CCONJ
easat-4440	472	15	b.	b.	PROPN
easat-4440	472	16	muraközy	muraközy	PROPN
easat-4440	472	17	,	,	PUNCT
easat-4440	472	18	"	"	PUNCT
easat-4440	472	19	into	into	ADP
easat-4440	472	20	the	the	DET
easat-4440	472	21	unknown	unknown	NOUN
easat-4440	472	22	:	:	PUNCT
easat-4440	472	23	the	the	DET
easat-4440	472	24	extent	extent	NOUN
easat-4440	472	25	and	and	CCONJ
easat-4440	472	26	boldness	boldness	NOUN
easat-4440	472	27	of	of	ADP
easat-4440	472	28	firms	firm	NOUN
easat-4440	472	29	'	'	PART
easat-4440	472	30	international	international	ADJ
easat-4440	472	31	footprint	footprint	NOUN
easat-4440	472	32	,	,	PUNCT
easat-4440	472	33	"	"	PUNCT
easat-4440	472	34	global	global	ADJ
easat-4440	472	35	strategy	strategy	NOUN
easat-4440	472	36	journal	journal	PROPN
easat-4440	472	37	,	,	PUNCT
easat-4440	472	38	vol	vol	NOUN
easat-4440	472	39	.	.	PROPN
easat-4440	472	40	11	11	NUM
easat-4440	472	41	,	,	PUNCT
easat-4440	472	42	no	no	INTJ
easat-4440	472	43	.	.	NOUN
easat-4440	472	44	3	3	NUM
easat-4440	472	45	,	,	PUNCT
easat-4440	472	46	pp	pp	ADJ
easat-4440	472	47	.	.	PUNCT
easat-4440	472	48	468	468	NUM
easat-4440	472	49	-	-	SYM
easat-4440	472	50	493	493	NUM
easat-4440	472	51	,	,	PUNCT
easat-4440	472	52	2021	2021	NUM
easat-4440	472	53	.	.	PUNCT
easat-4440	473	1	https://doi.org/10.1002/gsj.1370	https://doi.org/10.1002/gsj.1370	PRON
easat-4440	473	2	[	[	X
easat-4440	473	3	35	35	NUM
easat-4440	473	4	]	]	X
easat-4440	473	5	r.	r.	PROPN
easat-4440	473	6	e.	e.	PROPN
easat-4440	473	7	de	de	PROPN
easat-4440	473	8	hoyos	hoyos	PROPN
easat-4440	473	9	and	and	CCONJ
easat-4440	473	10	v.	v.	ADP
easat-4440	473	11	sarafidis	sarafidi	NOUN
easat-4440	473	12	,	,	PUNCT
easat-4440	473	13	"	"	PUNCT
easat-4440	473	14	testing	testing	NOUN
easat-4440	473	15	for	for	ADP
easat-4440	473	16	cross	cross	ADJ
easat-4440	473	17	-	-	ADJ
easat-4440	473	18	sectional	sectional	ADJ
easat-4440	473	19	dependence	dependence	NOUN
easat-4440	473	20	in	in	ADP
easat-4440	473	21	panel	panel	NOUN
easat-4440	473	22	-	-	PUNCT
easat-4440	473	23	data	datum	NOUN
easat-4440	473	24	models	model	NOUN
easat-4440	473	25	,	,	PUNCT
easat-4440	473	26	"	"	PUNCT
easat-4440	473	27	the	the	DET
easat-4440	473	28	stata	stata	PROPN
easat-4440	473	29	journal	journal	NOUN
easat-4440	473	30	,	,	PUNCT
easat-4440	473	31	vol	vol	NOUN
easat-4440	473	32	.	.	PROPN
easat-4440	473	33	6	6	NUM
easat-4440	473	34	,	,	PUNCT
easat-4440	473	35	no	no	INTJ
easat-4440	473	36	.	.	NOUN
easat-4440	473	37	4	4	NUM
easat-4440	473	38	,	,	PUNCT
easat-4440	473	39	pp	pp	ADJ
easat-4440	473	40	.	.	PUNCT
easat-4440	474	1	482	482	NUM
easat-4440	474	2	-	-	SYM
easat-4440	474	3	496	496	NUM
easat-4440	474	4	,	,	PUNCT
easat-4440	474	5	2006	2006	NUM
easat-4440	474	6	.	.	PUNCT
easat-4440	475	1	10.1177/1536867x0600600404	10.1177/1536867x0600600404	NUM
easat-4440	475	2	[	[	X
easat-4440	475	3	36	36	NUM
easat-4440	475	4	]	]	PUNCT
easat-4440	475	5	t.	t.	PROPN
easat-4440	475	6	s.	s.	PROPN
easat-4440	475	7	breusch	breusch	PROPN
easat-4440	475	8	and	and	CCONJ
easat-4440	475	9	a.	a.	PROPN
easat-4440	475	10	r.	r.	PROPN
easat-4440	475	11	pagan	pagan	PROPN
easat-4440	475	12	,	,	PUNCT
easat-4440	475	13	"	"	PUNCT
easat-4440	475	14	the	the	DET
easat-4440	475	15	lagrange	lagrange	NOUN
easat-4440	475	16	multiplier	multipli	ADJ
easat-4440	475	17	test	test	NOUN
easat-4440	475	18	and	and	CCONJ
easat-4440	475	19	its	its	PRON
easat-4440	475	20	applications	application	NOUN
easat-4440	475	21	to	to	PART
easat-4440	475	22	model	model	VERB
easat-4440	475	23	specification	specification	NOUN
easat-4440	475	24	in	in	ADP
easat-4440	475	25	econometrics	econometric	NOUN
easat-4440	475	26	,	,	PUNCT
easat-4440	475	27	"	"	PUNCT
easat-4440	475	28	the	the	DET
easat-4440	475	29	review	review	NOUN
easat-4440	475	30	of	of	ADP
easat-4440	475	31	economic	economic	ADJ
easat-4440	475	32	studies	study	NOUN
easat-4440	475	33	,	,	PUNCT
easat-4440	475	34	vol	vol	NOUN
easat-4440	475	35	.	.	PROPN
easat-4440	476	1	47	47	NUM
easat-4440	476	2	,	,	PUNCT
easat-4440	476	3	no	no	INTJ
easat-4440	476	4	.	.	NOUN
easat-4440	476	5	1	1	NUM
easat-4440	476	6	,	,	PUNCT
easat-4440	476	7	pp	pp	ADJ
easat-4440	476	8	.	.	PUNCT
easat-4440	477	1	239	239	NUM
easat-4440	477	2	-	-	SYM
easat-4440	477	3	253	253	NUM
easat-4440	477	4	,	,	PUNCT
easat-4440	477	5	1980	1980	NUM
easat-4440	477	6	.	.	PUNCT
easat-4440	478	1	https://doi.org/10.2307/2297111	https://doi.org/10.2307/2297111	VERB
easat-4440	479	1	[	[	X
easat-4440	479	2	37	37	NUM
easat-4440	479	3	]	]	PUNCT
easat-4440	479	4	m.	m.	NOUN
easat-4440	479	5	h.	h.	PROPN
easat-4440	479	6	pesaran	pesaran	PROPN
easat-4440	479	7	,	,	PUNCT
easat-4440	479	8	"	"	PUNCT
easat-4440	479	9	general	general	ADJ
easat-4440	479	10	diagnostic	diagnostic	ADJ
easat-4440	479	11	tests	test	NOUN
easat-4440	479	12	for	for	ADP
easat-4440	479	13	cross	cross	NOUN
easat-4440	479	14	section	section	NOUN
easat-4440	479	15	dependence	dependence	NOUN
easat-4440	479	16	in	in	ADP
easat-4440	479	17	panels	panel	NOUN
easat-4440	479	18	.	.	PUNCT
easat-4440	480	1	cambridge	cambridge	PROPN
easat-4440	480	2	working	working	PROPN
easat-4440	480	3	papers	paper	NOUN
easat-4440	480	4	,	,	PUNCT
easat-4440	480	5	"	"	PUNCT
easat-4440	480	6	neconomics	neconomic	NOUN
easat-4440	480	7	,	,	PUNCT
easat-4440	480	8	vol	vol	NOUN
easat-4440	480	9	.	.	PROPN
easat-4440	480	10	1240	1240	NUM
easat-4440	480	11	,	,	PUNCT
easat-4440	480	12	no	no	INTJ
easat-4440	480	13	.	.	NOUN
easat-4440	480	14	1	1	NUM
easat-4440	480	15	,	,	PUNCT
easat-4440	480	16	p.	p.	NOUN
easat-4440	480	17	1	1	NUM
easat-4440	480	18	,	,	PUNCT
easat-4440	480	19	2004	2004	NUM
easat-4440	480	20	.	.	PUNCT
easat-4440	481	1	[	[	X
easat-4440	481	2	38	38	NUM
easat-4440	481	3	]	]	PUNCT
easat-4440	481	4	m.	m.	NOUN
easat-4440	481	5	h.	h.	PROPN
easat-4440	481	6	pesaran	pesaran	PROPN
easat-4440	481	7	,	,	PUNCT
easat-4440	481	8	a.	a.	PROPN
easat-4440	481	9	ullah	ullah	PROPN
easat-4440	481	10	,	,	PUNCT
easat-4440	481	11	and	and	CCONJ
easat-4440	481	12	t.	t.	PROPN
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easat-4440	481	14	,	,	PUNCT
easat-4440	481	15	"	"	PUNCT
easat-4440	481	16	a	a	DET
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easat-4440	481	19	adjusted	adjust	VERB
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easat-4440	481	21	test	test	NOUN
easat-4440	481	22	of	of	ADP
easat-4440	481	23	error	error	NOUN
easat-4440	481	24	cross	cross	ADJ
easat-4440	481	25	-	-	ADJ
easat-4440	481	26	section	section	ADJ
easat-4440	481	27	independence	independence	NOUN
easat-4440	481	28	,	,	PUNCT
easat-4440	481	29	"	"	PUNCT
easat-4440	481	30	econometrics	econometrics	NOUN
easat-4440	481	31	journal	journal	NOUN
easat-4440	481	32	,	,	PUNCT
easat-4440	481	33	vol	vol	NOUN
easat-4440	481	34	.	.	PROPN
easat-4440	481	35	11	11	NUM
easat-4440	481	36	,	,	PUNCT
easat-4440	481	37	no	no	INTJ
easat-4440	481	38	.	.	NOUN
easat-4440	481	39	1	1	NUM
easat-4440	481	40	,	,	PUNCT
easat-4440	481	41	pp	pp	ADJ
easat-4440	481	42	.	.	PUNCT
easat-4440	482	1	105	105	NUM
easat-4440	482	2	-	-	SYM
easat-4440	482	3	127	127	NUM
easat-4440	482	4	,	,	PUNCT
easat-4440	482	5	2008	2008	NUM
easat-4440	482	6	.	.	PUNCT
easat-4440	483	1	https://doi.org/10.1111/j.1368-423x.2008.00240.x	https://doi.org/10.1111/j.1368-423x.2008.00240.x	VERB
easat-4440	484	1	[	[	X
easat-4440	484	2	39	39	NUM
easat-4440	484	3	]	]	PUNCT
easat-4440	484	4	m.	m.	NOUN
easat-4440	484	5	h.	h.	PROPN
easat-4440	484	6	pesaran	pesaran	PROPN
easat-4440	484	7	and	and	CCONJ
easat-4440	484	8	t.	t.	PROPN
easat-4440	484	9	yamagata	yamagata	PROPN
easat-4440	484	10	,	,	PUNCT
easat-4440	484	11	"	"	PUNCT
easat-4440	484	12	testing	testing	NOUN
easat-4440	484	13	slope	slope	NOUN
easat-4440	484	14	homogeneity	homogeneity	NOUN
easat-4440	484	15	in	in	ADP
easat-4440	484	16	large	large	ADJ
easat-4440	484	17	panels	panel	NOUN
easat-4440	484	18	,	,	PUNCT
easat-4440	484	19	"	"	PUNCT
easat-4440	484	20	journal	journal	NOUN
easat-4440	484	21	of	of	ADP
easat-4440	484	22	econometrics	econometric	NOUN
easat-4440	484	23	,	,	PUNCT
easat-4440	484	24	vol	vol	NOUN
easat-4440	484	25	.	.	PROPN
easat-4440	484	26	142	142	NUM
easat-4440	484	27	,	,	PUNCT
easat-4440	484	28	no	no	INTJ
easat-4440	484	29	.	.	NOUN
easat-4440	484	30	1	1	NUM
easat-4440	484	31	,	,	PUNCT
easat-4440	484	32	pp	pp	ADJ
easat-4440	484	33	.	.	PUNCT
easat-4440	485	1	50	50	NUM
easat-4440	485	2	-	-	SYM
easat-4440	485	3	93	93	NUM
easat-4440	485	4	,	,	PUNCT
easat-4440	485	5	2008	2008	NUM
easat-4440	485	6	.	.	PUNCT
easat-4440	486	1	https://doi.org/10.1016/j.jeconom.2007.05.010	https://doi.org/10.1016/j.jeconom.2007.05.010	NOUN
easat-4440	486	2	[	[	X
easat-4440	486	3	40	40	NUM
easat-4440	486	4	]	]	PUNCT
easat-4440	486	5	p.	p.	NOUN
easat-4440	486	6	a.	a.	NOUN
easat-4440	486	7	swamy	swamy	PROPN
easat-4440	486	8	,	,	PUNCT
easat-4440	486	9	"	"	PUNCT
easat-4440	486	10	efficient	efficient	ADJ
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easat-4440	486	12	in	in	ADP
easat-4440	486	13	a	a	DET
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easat-4440	486	17	model	model	NOUN
easat-4440	486	18	,	,	PUNCT
easat-4440	486	19	"	"	PUNCT
easat-4440	486	20	econometrica	econometrica	PROPN
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easat-4440	486	22	journal	journal	NOUN
easat-4440	486	23	of	of	ADP
easat-4440	486	24	the	the	DET
easat-4440	486	25	econometric	econometric	ADJ
easat-4440	486	26	society	society	NOUN
easat-4440	486	27	,	,	PUNCT
easat-4440	486	28	pp	pp	ADP
easat-4440	486	29	.	.	PUNCT
easat-4440	487	1	311	311	NUM
easat-4440	487	2	-	-	SYM
easat-4440	487	3	323	323	NUM
easat-4440	487	4	,	,	PUNCT
easat-4440	487	5	1970	1970	NUM
easat-4440	487	6	.	.	PUNCT
easat-4440	488	1	https://doi.org/10.2307/1913013	https://doi.org/10.2307/1913013	PRON
easat-4440	489	1	[	[	X
easat-4440	489	2	41	41	NUM
easat-4440	489	3	]	]	PUNCT
easat-4440	489	4	m.	m.	NOUN
easat-4440	489	5	h.	h.	PROPN
easat-4440	489	6	pesaran	pesaran	PROPN
easat-4440	489	7	,	,	PUNCT
easat-4440	489	8	y.	y.	PROPN
easat-4440	489	9	shin	shin	PROPN
easat-4440	489	10	,	,	PUNCT
easat-4440	489	11	and	and	CCONJ
easat-4440	489	12	r.	r.	PROPN
easat-4440	489	13	p.	p.	PROPN
easat-4440	489	14	smith	smith	PROPN
easat-4440	489	15	,	,	PUNCT
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easat-4440	489	17	pooled	pool	VERB
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easat-4440	489	24	panels	panel	NOUN
easat-4440	489	25	,	,	PUNCT
easat-4440	489	26	"	"	PUNCT
easat-4440	489	27	journal	journal	NOUN
easat-4440	489	28	of	of	ADP
easat-4440	489	29	the	the	DET
easat-4440	489	30	american	american	PROPN
easat-4440	489	31	statistical	statistical	PROPN
easat-4440	489	32	association	association	PROPN
easat-4440	489	33	,	,	PUNCT
easat-4440	489	34	vol	vol	NOUN
easat-4440	489	35	.	.	PROPN
easat-4440	489	36	94	94	NUM
easat-4440	489	37	,	,	PUNCT
easat-4440	489	38	no	no	INTJ
easat-4440	489	39	.	.	NOUN
easat-4440	489	40	446	446	NUM
easat-4440	489	41	,	,	PUNCT
easat-4440	489	42	pp	pp	ADJ
easat-4440	489	43	.	.	PUNCT
easat-4440	490	1	621	621	NUM
easat-4440	490	2	-	-	SYM
easat-4440	490	3	634	634	NUM
easat-4440	490	4	,	,	PUNCT
easat-4440	490	5	1999	1999	NUM
easat-4440	490	6	.	.	PUNCT
easat-4440	491	1	https://doi.org/10.1080/01621459.1999.10474156	https://doi.org/10.1080/01621459.1999.10474156	PROPN
easat-4440	492	1	[	[	X
easat-4440	492	2	42	42	NUM
easat-4440	492	3	]	]	X
easat-4440	492	4	y.	y.	PROPN
easat-4440	492	5	shin	shin	PROPN
easat-4440	492	6	,	,	PUNCT
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easat-4440	492	8	yu	yu	PROPN
easat-4440	492	9	,	,	PUNCT
easat-4440	492	10	and	and	CCONJ
easat-4440	492	11	m.	m.	PROPN
easat-4440	492	12	greenwood	greenwood	PROPN
easat-4440	492	13	-	-	PUNCT
easat-4440	492	14	nimmo	nimmo	PROPN
easat-4440	492	15	,	,	PUNCT
easat-4440	492	16	"	"	PUNCT
easat-4440	492	17	modelling	model	VERB
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easat-4440	492	23	in	in	ADP
easat-4440	492	24	an	an	DET
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easat-4440	492	26	framework	framework	NOUN
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easat-4440	492	28	working	working	NOUN
easat-4440	492	29	paper	paper	NOUN
easat-4440	492	30	)	)	PUNCT
easat-4440	492	31	,	,	PUNCT
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easat-4440	492	35	business	business	NOUN
easat-4440	492	36	school	school	NOUN
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easat-4440	492	39	.	.	PUNCT
easat-4440	493	1	https://doi.org/10.1080/00213624.2015.1016722	https://doi.org/10.1080/00213624.2015.1016722	NOUN
easat-4440	493	2	https://doi.org/10.1007/bf02686148	https://doi.org/10.1007/bf02686148	PROPN
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easat-4440	493	4	https://doi.org/10.1080/13504851.2017.1313305	https://doi.org/10.1080/13504851.2017.1313305	NOUN
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easat-4440	494	1	https://doi.org/10.3389/fenvs.2022.1078362	https://doi.org/10.3389/fenvs.2022.1078362	PROPN
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easat-4440	495	1	https://doi.org/10.1002/jae.951	https://doi.org/10.1002/jae.951	PROPN
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easat-4440	495	6	https://doi.org/10.1016/j.jeconom.2007.05.010	https://doi.org/10.1016/j.jeconom.2007.05.010	NOUN
easat-4440	495	7	https://doi.org/10.2307/1913013	https://doi.org/10.2307/1913013	NOUN
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