id	sid	tid	token	lemma	pos
easat-9712	1	1	edelweiss	edelweiss	PROPN
easat-9712	1	2	applied	apply	VERB
easat-9712	1	3	science	science	NOUN
easat-9712	1	4	and	and	CCONJ
easat-9712	1	5	technology	technology	NOUN
easat-9712	1	6	issn	issn	PROPN
easat-9712	1	7	:	:	PUNCT
easat-9712	1	8	2576	2576	NUM
easat-9712	1	9	-	-	SYM
easat-9712	1	10	8484	8484	NUM
easat-9712	1	11	vol	vol	NOUN
easat-9712	1	12	.	.	PROPN
easat-9712	2	1	9	9	NUM
easat-9712	2	2	,	,	PUNCT
easat-9712	2	3	no	no	INTJ
easat-9712	2	4	.	.	NOUN
easat-9712	2	5	8	8	NUM
easat-9712	2	6	,	,	PUNCT
easat-9712	2	7	1842	1842	NUM
easat-9712	2	8	-	-	SYM
easat-9712	2	9	1850	1850	NUM
easat-9712	2	10	2025	2025	NUM
easat-9712	2	11	publisher	publisher	NOUN
easat-9712	2	12	:	:	PUNCT
easat-9712	2	13	learning	learn	VERB
easat-9712	2	14	gate	gate	NOUN
easat-9712	2	15	doi	doi	PROPN
easat-9712	2	16	:	:	PUNCT
easat-9712	2	17	10.55214/2576	10.55214/2576	NUM
easat-9712	2	18	-	-	SYM
easat-9712	2	19	8484.v9i8.9712	8484.v9i8.9712	NUM
easat-9712	2	20	©	©	PROPN
easat-9712	2	21	2025	2025	NUM
easat-9712	2	22	by	by	ADP
easat-9712	2	23	the	the	DET
easat-9712	2	24	authors	author	NOUN
easat-9712	2	25	;	;	PUNCT
easat-9712	2	26	licensee	licensee	PROPN
easat-9712	2	27	learning	learning	NOUN
easat-9712	2	28	gate	gate	NOUN
easat-9712	3	1	©	©	PROPN
easat-9712	3	2	2025	2025	NUM
easat-9712	3	3	by	by	ADP
easat-9712	3	4	the	the	DET
easat-9712	3	5	authors	author	NOUN
easat-9712	3	6	;	;	PUNCT
easat-9712	3	7	licensee	licensee	PROPN
easat-9712	3	8	learning	learning	NOUN
easat-9712	3	9	gate	gate	NOUN
easat-9712	3	10	history	history	NOUN
easat-9712	3	11	:	:	PUNCT
easat-9712	3	12	received	receive	VERB
easat-9712	3	13	:	:	PUNCT
easat-9712	3	14	7	7	NUM
easat-9712	3	15	july	july	NOUN
easat-9712	3	16	2025	2025	NUM
easat-9712	3	17	;	;	PUNCT
easat-9712	3	18	revised	revise	VERB
easat-9712	3	19	:	:	PUNCT
easat-9712	3	20	15	15	NUM
easat-9712	3	21	august	august	PROPN
easat-9712	3	22	2025	2025	NUM
easat-9712	3	23	;	;	PUNCT
easat-9712	3	24	accepted	accept	VERB
easat-9712	3	25	:	:	PUNCT
easat-9712	3	26	18	18	NUM
easat-9712	3	27	august	august	PROPN
easat-9712	3	28	2025	2025	NUM
easat-9712	3	29	;	;	PUNCT
easat-9712	3	30	published	publish	VERB
easat-9712	3	31	:	:	PUNCT
easat-9712	3	32	29	29	NUM
easat-9712	3	33	august	august	PROPN
easat-9712	3	34	2025	2025	NUM
easat-9712	3	35	*	*	PUNCT
easat-9712	3	36	correspondence	correspondence	NOUN
easat-9712	3	37	:	:	PUNCT
easat-9712	4	1	raedhanoon@hotmail.com	raedhanoon@hotmail.com	X
easat-9712	4	2	interaction	interaction	NOUN
easat-9712	4	3	between	between	ADP
easat-9712	4	4	financial	financial	ADJ
easat-9712	4	5	institution	institution	NOUN
easat-9712	4	6	development	development	NOUN
easat-9712	4	7	and	and	CCONJ
easat-9712	4	8	financial	financial	ADJ
easat-9712	4	9	market	market	NOUN
easat-9712	4	10	development	development	NOUN
easat-9712	4	11	in	in	ADP
easat-9712	4	12	mena	mena	PROPN
easat-9712	4	13	region	region	PROPN
easat-9712	4	14	:	:	PUNCT
easat-9712	4	15	its	its	PRON
easat-9712	4	16	effect	effect	NOUN
easat-9712	4	17	on	on	ADP
easat-9712	4	18	economic	economic	ADJ
easat-9712	4	19	growth	growth	NOUN
easat-9712	4	20	raed	raed	NOUN
easat-9712	4	21	hanoun1	hanoun1	PROPN
easat-9712	4	22	*	*	PUNCT
easat-9712	4	23	,	,	PUNCT
easat-9712	4	24	hanadi	hanadi	NOUN
easat-9712	4	25	taher2	taher2	NOUN
easat-9712	5	1	1,2beirut	1,2beirut	PROPN
easat-9712	5	2	arab	arab	PROPN
easat-9712	5	3	university	university	PROPN
easat-9712	5	4	,	,	PUNCT
easat-9712	5	5	beirut	beirut	PROPN
easat-9712	5	6	,	,	PUNCT
easat-9712	5	7	lebanon	lebanon	PROPN
easat-9712	5	8	;	;	PUNCT
easat-9712	5	9	raedhanoon@hotmail.com	raedhanoon@hotmail.com	X
easat-9712	5	10	(	(	PUNCT
easat-9712	5	11	r.h	r.h	PROPN
easat-9712	5	12	.	.	PUNCT
easat-9712	5	13	)	)	PUNCT
easat-9712	5	14	h.taher@bau.edu.lb	h.taher@bau.edu.lb	PROPN
easat-9712	6	1	(	(	PUNCT
easat-9712	6	2	h.t	h.t	PROPN
easat-9712	6	3	.	.	PROPN
easat-9712	6	4	)	)	PUNCT
easat-9712	6	5	.	.	PUNCT
easat-9712	7	1	abstract	abstract	ADV
easat-9712	7	2	:	:	PUNCT
easat-9712	7	3	this	this	DET
easat-9712	7	4	study	study	NOUN
easat-9712	7	5	examines	examine	VERB
easat-9712	7	6	the	the	DET
easat-9712	7	7	impact	impact	NOUN
easat-9712	7	8	of	of	ADP
easat-9712	7	9	financial	financial	ADJ
easat-9712	7	10	development	development	NOUN
easat-9712	7	11	on	on	ADP
easat-9712	7	12	economic	economic	ADJ
easat-9712	7	13	growth	growth	NOUN
easat-9712	7	14	in	in	ADP
easat-9712	7	15	twelve	twelve	NUM
easat-9712	7	16	middle	middle	PROPN
easat-9712	7	17	east	east	PROPN
easat-9712	7	18	and	and	CCONJ
easat-9712	7	19	north	north	PROPN
easat-9712	7	20	africa	africa	PROPN
easat-9712	7	21	(	(	PUNCT
easat-9712	7	22	mena	mena	PROPN
easat-9712	7	23	)	)	PUNCT
easat-9712	7	24	countries	country	NOUN
easat-9712	7	25	—	—	PUNCT
easat-9712	7	26	saudi	saudi	PROPN
easat-9712	7	27	arabia	arabia	PROPN
easat-9712	7	28	,	,	PUNCT
easat-9712	7	29	united	united	PROPN
easat-9712	7	30	arab	arab	PROPN
easat-9712	7	31	emirates	emirates	PROPN
easat-9712	7	32	,	,	PUNCT
easat-9712	7	33	qatar	qatar	PROPN
easat-9712	7	34	,	,	PUNCT
easat-9712	7	35	oman	oman	PROPN
easat-9712	7	36	,	,	PUNCT
easat-9712	7	37	kuwait	kuwait	PROPN
easat-9712	7	38	,	,	PUNCT
easat-9712	7	39	bahrain	bahrain	PROPN
easat-9712	7	40	,	,	PUNCT
easat-9712	7	41	lebanon	lebanon	PROPN
easat-9712	7	42	,	,	PUNCT
easat-9712	7	43	turkey	turkey	PROPN
easat-9712	7	44	,	,	PUNCT
easat-9712	7	45	tunisia	tunisia	PROPN
easat-9712	7	46	,	,	PUNCT
easat-9712	7	47	egypt	egypt	PROPN
easat-9712	7	48	,	,	PUNCT
easat-9712	7	49	jordan	jordan	PROPN
easat-9712	7	50	,	,	PUNCT
easat-9712	7	51	and	and	CCONJ
easat-9712	7	52	morocco	morocco	PROPN
easat-9712	7	53	—	—	PUNCT
easat-9712	7	54	over	over	ADP
easat-9712	7	55	the	the	DET
easat-9712	7	56	period	period	NOUN
easat-9712	7	57	from	from	ADP
easat-9712	7	58	1990	1990	NUM
easat-9712	7	59	to	to	ADP
easat-9712	7	60	2023	2023	NUM
easat-9712	7	61	.	.	PUNCT
easat-9712	8	1	the	the	DET
easat-9712	8	2	interaction	interaction	NOUN
easat-9712	8	3	between	between	ADP
easat-9712	8	4	financial	financial	ADJ
easat-9712	8	5	institution	institution	NOUN
easat-9712	8	6	development	development	NOUN
easat-9712	8	7	and	and	CCONJ
easat-9712	8	8	financial	financial	ADJ
easat-9712	8	9	market	market	NOUN
easat-9712	8	10	development	development	NOUN
easat-9712	8	11	is	be	AUX
easat-9712	8	12	used	use	VERB
easat-9712	8	13	as	as	ADP
easat-9712	8	14	a	a	DET
easat-9712	8	15	proxy	proxy	NOUN
easat-9712	8	16	for	for	ADP
easat-9712	8	17	overall	overall	ADJ
easat-9712	8	18	financial	financial	ADJ
easat-9712	8	19	development	development	NOUN
easat-9712	8	20	.	.	PUNCT
easat-9712	9	1	employing	employ	VERB
easat-9712	9	2	panel	panel	NOUN
easat-9712	9	3	data	datum	NOUN
easat-9712	9	4	techniques	technique	NOUN
easat-9712	9	5	,	,	PUNCT
easat-9712	9	6	including	include	VERB
easat-9712	9	7	pooled	pool	VERB
easat-9712	9	8	ordinary	ordinary	ADJ
easat-9712	9	9	least	least	ADJ
easat-9712	9	10	squares	square	NOUN
easat-9712	9	11	,	,	PUNCT
easat-9712	9	12	fixed	fix	VERB
easat-9712	9	13	effects	effect	NOUN
easat-9712	9	14	,	,	PUNCT
easat-9712	9	15	and	and	CCONJ
easat-9712	9	16	driscoll	driscoll	NOUN
easat-9712	9	17	–	–	PUNCT
easat-9712	9	18	kraay	kraay	ADJ
easat-9712	9	19	robust	robust	ADJ
easat-9712	9	20	fixed	fix	VERB
easat-9712	9	21	effects	effect	NOUN
easat-9712	9	22	models	model	NOUN
easat-9712	9	23	,	,	PUNCT
easat-9712	9	24	the	the	DET
easat-9712	9	25	analysis	analysis	NOUN
easat-9712	9	26	highlights	highlight	VERB
easat-9712	9	27	the	the	DET
easat-9712	9	28	positive	positive	ADJ
easat-9712	9	29	role	role	NOUN
easat-9712	9	30	of	of	ADP
easat-9712	9	31	the	the	DET
easat-9712	9	32	joint	joint	ADJ
easat-9712	9	33	development	development	NOUN
easat-9712	9	34	of	of	ADP
easat-9712	9	35	financial	financial	ADJ
easat-9712	9	36	markets	market	NOUN
easat-9712	9	37	and	and	CCONJ
easat-9712	9	38	institutions	institution	NOUN
easat-9712	9	39	.	.	PUNCT
easat-9712	10	1	results	result	NOUN
easat-9712	10	2	reveal	reveal	VERB
easat-9712	10	3	that	that	SCONJ
easat-9712	10	4	the	the	DET
easat-9712	10	5	interaction	interaction	NOUN
easat-9712	10	6	between	between	ADP
easat-9712	10	7	financial	financial	ADJ
easat-9712	10	8	institution	institution	NOUN
easat-9712	10	9	development	development	NOUN
easat-9712	10	10	and	and	CCONJ
easat-9712	10	11	financial	financial	ADJ
easat-9712	10	12	market	market	NOUN
easat-9712	10	13	development	development	NOUN
easat-9712	10	14	contributes	contribute	VERB
easat-9712	10	15	to	to	ADP
easat-9712	10	16	a	a	DET
easat-9712	10	17	1.39	1.39	NUM
easat-9712	10	18	percentage	percentage	NOUN
easat-9712	10	19	point	point	NOUN
easat-9712	10	20	increase	increase	NOUN
easat-9712	10	21	in	in	ADP
easat-9712	10	22	economic	economic	ADJ
easat-9712	10	23	growth	growth	NOUN
easat-9712	10	24	.	.	PUNCT
easat-9712	11	1	this	this	DET
easat-9712	11	2	finding	finding	NOUN
easat-9712	11	3	underscores	underscore	VERB
easat-9712	11	4	the	the	DET
easat-9712	11	5	synergistic	synergistic	ADJ
easat-9712	11	6	effect	effect	NOUN
easat-9712	11	7	of	of	ADP
easat-9712	11	8	simultaneous	simultaneous	ADJ
easat-9712	11	9	advancement	advancement	NOUN
easat-9712	11	10	in	in	ADP
easat-9712	11	11	both	both	DET
easat-9712	11	12	financial	financial	ADJ
easat-9712	11	13	sectors	sector	NOUN
easat-9712	11	14	in	in	ADP
easat-9712	11	15	promoting	promote	VERB
easat-9712	11	16	growth	growth	NOUN
easat-9712	11	17	across	across	ADP
easat-9712	11	18	mena	mena	PROPN
easat-9712	11	19	economies	economy	NOUN
easat-9712	11	20	.	.	PUNCT
easat-9712	12	1	the	the	DET
easat-9712	12	2	study	study	NOUN
easat-9712	12	3	introduces	introduce	VERB
easat-9712	12	4	an	an	DET
easat-9712	12	5	innovative	innovative	ADJ
easat-9712	12	6	measure	measure	NOUN
easat-9712	12	7	of	of	ADP
easat-9712	12	8	financial	financial	ADJ
easat-9712	12	9	development	development	NOUN
easat-9712	12	10	by	by	ADP
easat-9712	12	11	incorporating	incorporate	VERB
easat-9712	12	12	an	an	DET
easat-9712	12	13	interaction	interaction	NOUN
easat-9712	12	14	term	term	NOUN
easat-9712	12	15	between	between	ADP
easat-9712	12	16	institutional	institutional	ADJ
easat-9712	12	17	and	and	CCONJ
easat-9712	12	18	market	market	NOUN
easat-9712	12	19	development	development	NOUN
easat-9712	12	20	,	,	PUNCT
easat-9712	12	21	offering	offer	VERB
easat-9712	12	22	new	new	ADJ
easat-9712	12	23	insights	insight	NOUN
easat-9712	12	24	into	into	ADP
easat-9712	12	25	the	the	DET
easat-9712	12	26	finance	finance	NOUN
easat-9712	12	27	–	–	PUNCT
easat-9712	12	28	growth	growth	NOUN
easat-9712	12	29	nexus	nexus	NOUN
easat-9712	12	30	in	in	ADP
easat-9712	12	31	the	the	DET
easat-9712	12	32	region	region	NOUN
easat-9712	12	33	.	.	PUNCT
easat-9712	13	1	keywords	keyword	NOUN
easat-9712	13	2	:	:	PUNCT
easat-9712	13	3	driscoll	driscoll	NOUN
easat-9712	13	4	-	-	PUNCT
easat-9712	13	5	kraay	kraay	ADJ
easat-9712	13	6	fixed	fix	VERB
easat-9712	13	7	effects	effect	NOUN
easat-9712	13	8	,	,	PUNCT
easat-9712	13	9	economic	economic	ADJ
easat-9712	13	10	growth	growth	NOUN
easat-9712	13	11	,	,	PUNCT
easat-9712	13	12	financial	financial	ADJ
easat-9712	13	13	development	development	NOUN
easat-9712	13	14	,	,	PUNCT
easat-9712	13	15	middle	middle	PROPN
easat-9712	13	16	east	east	PROPN
easat-9712	13	17	and	and	CCONJ
easat-9712	13	18	north	north	PROPN
easat-9712	13	19	africa	africa	PROPN
easat-9712	13	20	(	(	PUNCT
easat-9712	13	21	mena	mena	PROPN
easat-9712	13	22	)	)	PUNCT
easat-9712	13	23	,	,	PUNCT
easat-9712	13	24	panel	panel	NOUN
easat-9712	13	25	data	datum	NOUN
easat-9712	13	26	.	.	PUNCT
easat-9712	14	1	1	1	X
easat-9712	14	2	.	.	X
easat-9712	14	3	introduction	introduction	NOUN
easat-9712	14	4	the	the	DET
easat-9712	14	5	financial	financial	ADJ
easat-9712	14	6	sector	sector	NOUN
easat-9712	14	7	plays	play	VERB
easat-9712	14	8	a	a	DET
easat-9712	14	9	pivotal	pivotal	ADJ
easat-9712	14	10	role	role	NOUN
easat-9712	14	11	in	in	ADP
easat-9712	14	12	driving	drive	VERB
easat-9712	14	13	economic	economic	ADJ
easat-9712	14	14	growth	growth	NOUN
easat-9712	14	15	by	by	ADP
easat-9712	14	16	mobilizing	mobilize	VERB
easat-9712	14	17	savings	saving	NOUN
easat-9712	14	18	,	,	PUNCT
easat-9712	14	19	allocating	allocate	VERB
easat-9712	14	20	capital	capital	NOUN
easat-9712	14	21	,	,	PUNCT
easat-9712	14	22	facilitating	facilitate	VERB
easat-9712	14	23	investment	investment	NOUN
easat-9712	14	24	,	,	PUNCT
easat-9712	14	25	and	and	CCONJ
easat-9712	14	26	reducing	reduce	VERB
easat-9712	14	27	informational	informational	ADJ
easat-9712	14	28	frictions	friction	NOUN
easat-9712	14	29	[	[	X
easat-9712	14	30	1	1	NUM
easat-9712	14	31	,	,	PUNCT
easat-9712	14	32	2	2	NUM
easat-9712	14	33	]	]	PUNCT
easat-9712	14	34	.	.	PUNCT
easat-9712	15	1	financial	financial	ADJ
easat-9712	15	2	market	market	NOUN
easat-9712	15	3	development	development	NOUN
easat-9712	15	4	is	be	AUX
easat-9712	15	5	typically	typically	ADV
easat-9712	15	6	assessed	assess	VERB
easat-9712	15	7	through	through	ADP
easat-9712	15	8	indicators	indicator	NOUN
easat-9712	15	9	reflecting	reflect	VERB
easat-9712	15	10	the	the	DET
easat-9712	15	11	size	size	NOUN
easat-9712	15	12	and	and	CCONJ
easat-9712	15	13	activity	activity	NOUN
easat-9712	15	14	of	of	ADP
easat-9712	15	15	capital	capital	NOUN
easat-9712	15	16	markets	market	NOUN
easat-9712	15	17	—	—	PUNCT
easat-9712	15	18	encompassing	encompass	VERB
easat-9712	15	19	both	both	CCONJ
easat-9712	15	20	equity	equity	NOUN
easat-9712	15	21	and	and	CCONJ
easat-9712	15	22	debt	debt	NOUN
easat-9712	15	23	instruments	instrument	NOUN
easat-9712	15	24	—	—	PUNCT
easat-9712	15	25	as	as	ADV
easat-9712	15	26	well	well	ADV
easat-9712	15	27	as	as	ADP
easat-9712	15	28	the	the	DET
easat-9712	15	29	performance	performance	NOUN
easat-9712	15	30	of	of	ADP
easat-9712	15	31	the	the	DET
easat-9712	15	32	banking	banking	NOUN
easat-9712	15	33	sector	sector	NOUN
easat-9712	15	34	,	,	PUNCT
easat-9712	15	35	which	which	PRON
easat-9712	15	36	together	together	ADV
easat-9712	15	37	capture	capture	VERB
easat-9712	15	38	the	the	DET
easat-9712	15	39	breadth	breadth	NOUN
easat-9712	15	40	and	and	CCONJ
easat-9712	15	41	liquidity	liquidity	NOUN
easat-9712	15	42	of	of	ADP
easat-9712	15	43	market	market	NOUN
easat-9712	15	44	-	-	PUNCT
easat-9712	15	45	based	base	VERB
easat-9712	15	46	financing	financing	NOUN
easat-9712	15	47	channels	channel	NOUN
easat-9712	15	48	[	[	X
easat-9712	15	49	3	3	NUM
easat-9712	15	50	]	]	PUNCT
easat-9712	15	51	.	.	PUNCT
easat-9712	16	1	in	in	ADP
easat-9712	16	2	contrast	contrast	NOUN
easat-9712	16	3	,	,	PUNCT
easat-9712	16	4	financial	financial	ADJ
easat-9712	16	5	institution	institution	NOUN
easat-9712	16	6	development	development	NOUN
easat-9712	16	7	is	be	AUX
easat-9712	16	8	often	often	ADV
easat-9712	16	9	evaluated	evaluate	VERB
easat-9712	16	10	using	use	VERB
easat-9712	16	11	multidimensional	multidimensional	ADJ
easat-9712	16	12	measures	measure	NOUN
easat-9712	16	13	such	such	ADJ
easat-9712	16	14	as	as	ADP
easat-9712	16	15	stability	stability	NOUN
easat-9712	16	16	,	,	PUNCT
easat-9712	16	17	depth	depth	NOUN
easat-9712	16	18	,	,	PUNCT
easat-9712	16	19	efficiency	efficiency	NOUN
easat-9712	16	20	,	,	PUNCT
easat-9712	16	21	and	and	CCONJ
easat-9712	16	22	access	access	NOUN
easat-9712	16	23	,	,	PUNCT
easat-9712	16	24	which	which	PRON
easat-9712	16	25	collectively	collectively	ADV
easat-9712	16	26	reflect	reflect	VERB
easat-9712	16	27	the	the	DET
easat-9712	16	28	ability	ability	NOUN
easat-9712	16	29	of	of	ADP
easat-9712	16	30	financial	financial	ADJ
easat-9712	16	31	intermediaries	intermediary	NOUN
easat-9712	16	32	to	to	PART
easat-9712	16	33	mobilize	mobilize	VERB
easat-9712	16	34	savings	saving	NOUN
easat-9712	16	35	,	,	PUNCT
easat-9712	16	36	allocate	allocate	ADJ
easat-9712	16	37	capital	capital	NOUN
easat-9712	16	38	,	,	PUNCT
easat-9712	16	39	and	and	CCONJ
easat-9712	16	40	provide	provide	VERB
easat-9712	16	41	inclusive	inclusive	ADJ
easat-9712	16	42	services	service	NOUN
easat-9712	16	43	[	[	X
easat-9712	16	44	4	4	NUM
easat-9712	16	45	]	]	PUNCT
easat-9712	16	46	.	.	PUNCT
easat-9712	17	1	this	this	DET
easat-9712	17	2	distinction	distinction	NOUN
easat-9712	17	3	enables	enable	VERB
easat-9712	17	4	a	a	DET
easat-9712	17	5	more	more	ADV
easat-9712	17	6	comprehensive	comprehensive	ADJ
easat-9712	17	7	analysis	analysis	NOUN
easat-9712	17	8	of	of	ADP
easat-9712	17	9	the	the	DET
easat-9712	17	10	financial	financial	ADJ
easat-9712	17	11	system	system	NOUN
easat-9712	17	12	,	,	PUNCT
easat-9712	17	13	recognizing	recognize	VERB
easat-9712	17	14	that	that	SCONJ
easat-9712	17	15	well	well	ADV
easat-9712	17	16	-	-	PUNCT
easat-9712	17	17	functioning	function	VERB
easat-9712	17	18	markets	market	NOUN
easat-9712	17	19	and	and	CCONJ
easat-9712	17	20	robust	robust	ADJ
easat-9712	17	21	institutions	institution	NOUN
easat-9712	17	22	contribute	contribute	VERB
easat-9712	17	23	differently	differently	ADV
easat-9712	17	24	yet	yet	CCONJ
easat-9712	17	25	complementarily	complementarily	ADV
easat-9712	17	26	to	to	ADP
easat-9712	17	27	economic	economic	ADJ
easat-9712	17	28	growth	growth	NOUN
easat-9712	17	29	dynamics	dynamic	NOUN
easat-9712	17	30	in	in	ADP
easat-9712	17	31	various	various	ADJ
easat-9712	17	32	economies	economy	NOUN
easat-9712	17	33	.	.	PUNCT
easat-9712	18	1	in	in	ADP
easat-9712	18	2	the	the	DET
easat-9712	18	3	middle	middle	PROPN
easat-9712	18	4	east	east	PROPN
easat-9712	18	5	and	and	CCONJ
easat-9712	18	6	north	north	PROPN
easat-9712	18	7	africa	africa	PROPN
easat-9712	18	8	(	(	PUNCT
easat-9712	18	9	mena	mena	PROPN
easat-9712	18	10	)	)	PUNCT
easat-9712	18	11	region	region	NOUN
easat-9712	18	12	,	,	PUNCT
easat-9712	18	13	financial	financial	ADJ
easat-9712	18	14	systems	system	NOUN
easat-9712	18	15	remain	remain	VERB
easat-9712	18	16	predominantly	predominantly	ADV
easat-9712	18	17	bank	bank	NOUN
easat-9712	18	18	-	-	PUNCT
easat-9712	18	19	centric	centric	NOUN
easat-9712	18	20	,	,	PUNCT
easat-9712	18	21	with	with	ADP
easat-9712	18	22	underdeveloped	underdeveloped	ADJ
easat-9712	18	23	capital	capital	NOUN
easat-9712	18	24	markets	market	NOUN
easat-9712	18	25	and	and	CCONJ
easat-9712	18	26	limited	limited	ADJ
easat-9712	18	27	non	non	ADJ
easat-9712	18	28	-	-	ADJ
easat-9712	18	29	bank	bank	ADJ
easat-9712	18	30	financial	financial	ADJ
easat-9712	18	31	intermediation	intermediation	NOUN
easat-9712	18	32	[	[	X
easat-9712	18	33	5	5	NUM
easat-9712	18	34	,	,	PUNCT
easat-9712	18	35	6	6	NUM
easat-9712	18	36	]	]	PUNCT
easat-9712	18	37	.	.	PUNCT
easat-9712	19	1	this	this	DET
easat-9712	19	2	structural	structural	ADJ
easat-9712	19	3	imbalance	imbalance	NOUN
easat-9712	19	4	constrains	constrain	VERB
easat-9712	19	5	the	the	DET
easat-9712	19	6	ability	ability	NOUN
easat-9712	19	7	to	to	PART
easat-9712	19	8	provide	provide	VERB
easat-9712	19	9	diverse	diverse	ADJ
easat-9712	19	10	financing	financing	NOUN
easat-9712	19	11	instruments	instrument	NOUN
easat-9712	19	12	needed	need	VERB
easat-9712	19	13	for	for	ADP
easat-9712	19	14	sustainable	sustainable	ADJ
easat-9712	19	15	and	and	CCONJ
easat-9712	19	16	inclusive	inclusive	ADJ
easat-9712	19	17	growth	growth	NOUN
easat-9712	19	18	[	[	X
easat-9712	19	19	7	7	NUM
easat-9712	19	20	]	]	PUNCT
easat-9712	19	21	.	.	PUNCT
easat-9712	20	1	financial	financial	ADJ
easat-9712	20	2	institutions	institution	NOUN
easat-9712	20	3	and	and	CCONJ
easat-9712	20	4	markets	market	NOUN
easat-9712	20	5	serve	serve	VERB
easat-9712	20	6	complementary	complementary	ADJ
easat-9712	20	7	functions	function	NOUN
easat-9712	20	8	—	—	PUNCT
easat-9712	20	9	liquidity	liquidity	NOUN
easat-9712	20	10	provision	provision	NOUN
easat-9712	20	11	,	,	PUNCT
easat-9712	20	12	credit	credit	NOUN
easat-9712	20	13	allocation	allocation	NOUN
easat-9712	20	14	,	,	PUNCT
easat-9712	20	15	price	price	NOUN
easat-9712	20	16	discovery	discovery	NOUN
easat-9712	20	17	,	,	PUNCT
easat-9712	20	18	and	and	CCONJ
easat-9712	20	19	risk	risk	NOUN
easat-9712	20	20	sharing	sharing	NOUN
easat-9712	20	21	—	—	PUNCT
easat-9712	20	22	yet	yet	CCONJ
easat-9712	20	23	in	in	ADP
easat-9712	20	24	mena	mena	PROPN
easat-9712	20	25	,	,	PUNCT
easat-9712	20	26	low	low	ADJ
easat-9712	20	27	market	market	NOUN
easat-9712	20	28	depth	depth	NOUN
easat-9712	20	29	,	,	PUNCT
easat-9712	20	30	regulatory	regulatory	ADJ
easat-9712	20	31	constraints	constraint	NOUN
easat-9712	20	32	,	,	PUNCT
easat-9712	20	33	and	and	CCONJ
easat-9712	20	34	slow	slow	ADJ
easat-9712	20	35	technological	technological	ADJ
easat-9712	20	36	adoption	adoption	NOUN
easat-9712	20	37	weaken	weaken	VERB
easat-9712	20	38	their	their	PRON
easat-9712	20	39	potential	potential	ADJ
easat-9712	20	40	synergies	synergy	NOUN
easat-9712	20	41	[	[	X
easat-9712	20	42	14	14	NUM
easat-9712	20	43	]	]	PUNCT
easat-9712	20	44	.	.	PUNCT
easat-9712	21	1	recent	recent	ADJ
easat-9712	21	2	scholarship	scholarship	NOUN
easat-9712	21	3	emphasizes	emphasize	VERB
easat-9712	21	4	the	the	DET
easat-9712	21	5	importance	importance	NOUN
easat-9712	21	6	of	of	ADP
easat-9712	21	7	integrated	integrated	ADJ
easat-9712	21	8	reforms	reform	NOUN
easat-9712	21	9	that	that	PRON
easat-9712	21	10	simultaneously	simultaneously	ADV
easat-9712	21	11	develop	develop	VERB
easat-9712	21	12	both	both	DET
easat-9712	21	13	financial	financial	ADJ
easat-9712	21	14	institutions	institution	NOUN
easat-9712	21	15	and	and	CCONJ
easat-9712	21	16	markets	market	NOUN
easat-9712	21	17	to	to	PART
easat-9712	21	18	harness	harness	VERB
easat-9712	21	19	their	their	PRON
easat-9712	21	20	combined	combine	VERB
easat-9712	21	21	potential	potential	NOUN
easat-9712	21	22	[	[	X
easat-9712	21	23	8	8	NUM
easat-9712	21	24	]	]	PUNCT
easat-9712	21	25	.	.	PUNCT
easat-9712	22	1	moreover	moreover	ADV
easat-9712	22	2	,	,	PUNCT
easat-9712	22	3	https://orcid.org/0009-0006-4348-5505	https://orcid.org/0009-0006-4348-5505	NOUN
easat-9712	22	4	https://orcid.org/0000-0001-8052-1807	https://orcid.org/0000-0001-8052-1807	ADP
easat-9712	22	5	1843	1843	NUM
easat-9712	22	6	edelweiss	edelweiss	PROPN
easat-9712	22	7	applied	apply	VERB
easat-9712	22	8	science	science	NOUN
easat-9712	22	9	and	and	CCONJ
easat-9712	22	10	technology	technology	NOUN
easat-9712	22	11	issn	issn	PROPN
easat-9712	22	12	:	:	PUNCT
easat-9712	22	13	2576	2576	NUM
easat-9712	22	14	-	-	SYM
easat-9712	22	15	8484	8484	NUM
easat-9712	22	16	vol	vol	NOUN
easat-9712	22	17	.	.	PROPN
easat-9712	23	1	9	9	NUM
easat-9712	23	2	,	,	PUNCT
easat-9712	23	3	no	no	INTJ
easat-9712	23	4	.	.	NOUN
easat-9712	23	5	8	8	NUM
easat-9712	23	6	:	:	SYM
easat-9712	23	7	1842	1842	NUM
easat-9712	23	8	-	-	SYM
easat-9712	23	9	1850	1850	NUM
easat-9712	23	10	,	,	PUNCT
easat-9712	23	11	2025	2025	NUM
easat-9712	23	12	doi	doi	NOUN
easat-9712	23	13	:	:	PUNCT
easat-9712	23	14	10.55214/2576	10.55214/2576	NUM
easat-9712	23	15	-	-	SYM
easat-9712	23	16	8484.v9i8.9712	8484.v9i8.9712	NUM
easat-9712	23	17	©	©	PROPN
easat-9712	23	18	2025	2025	NUM
easat-9712	23	19	by	by	ADP
easat-9712	23	20	the	the	DET
easat-9712	23	21	authors	author	NOUN
easat-9712	23	22	;	;	PUNCT
easat-9712	23	23	licensee	licensee	PROPN
easat-9712	23	24	learning	learn	VERB
easat-9712	23	25	gate	gate	VERB
easat-9712	23	26	technological	technological	ADJ
easat-9712	23	27	innovation	innovation	NOUN
easat-9712	23	28	,	,	PUNCT
easat-9712	23	29	particularly	particularly	ADV
easat-9712	23	30	fintech	fintech	NOUN
easat-9712	23	31	,	,	PUNCT
easat-9712	23	32	has	have	AUX
easat-9712	23	33	emerged	emerge	VERB
easat-9712	23	34	as	as	ADP
easat-9712	23	35	a	a	DET
easat-9712	23	36	catalyst	catalyst	NOUN
easat-9712	23	37	for	for	ADP
easat-9712	23	38	improving	improve	VERB
easat-9712	23	39	access	access	NOUN
easat-9712	23	40	,	,	PUNCT
easat-9712	23	41	reducing	reduce	VERB
easat-9712	23	42	costs	cost	NOUN
easat-9712	23	43	,	,	PUNCT
easat-9712	23	44	and	and	CCONJ
easat-9712	23	45	enhancing	enhance	VERB
easat-9712	23	46	financial	financial	ADJ
easat-9712	23	47	inclusion	inclusion	NOUN
easat-9712	23	48	[	[	X
easat-9712	23	49	9	9	NUM
easat-9712	23	50	,	,	PUNCT
easat-9712	23	51	10	10	NUM
easat-9712	23	52	]	]	PUNCT
easat-9712	23	53	.	.	PUNCT
easat-9712	24	1	understanding	understand	VERB
easat-9712	24	2	the	the	DET
easat-9712	24	3	joint	joint	ADJ
easat-9712	24	4	dynamics	dynamic	NOUN
easat-9712	24	5	of	of	ADP
easat-9712	24	6	financial	financial	ADJ
easat-9712	24	7	institutions	institution	NOUN
easat-9712	24	8	and	and	CCONJ
easat-9712	24	9	markets	market	NOUN
easat-9712	24	10	in	in	ADP
easat-9712	24	11	the	the	DET
easat-9712	24	12	mena	mena	PROPN
easat-9712	24	13	context	context	PROPN
easat-9712	24	14	is	be	AUX
easat-9712	24	15	therefore	therefore	ADV
easat-9712	24	16	essential	essential	ADJ
easat-9712	24	17	for	for	ADP
easat-9712	24	18	crafting	craft	VERB
easat-9712	24	19	effective	effective	ADJ
easat-9712	24	20	policy	policy	NOUN
easat-9712	24	21	interventions	intervention	NOUN
easat-9712	24	22	that	that	PRON
easat-9712	24	23	foster	foster	VERB
easat-9712	24	24	inclusive	inclusive	ADJ
easat-9712	24	25	and	and	CCONJ
easat-9712	24	26	sustainable	sustainable	ADJ
easat-9712	24	27	economic	economic	ADJ
easat-9712	24	28	growth	growth	NOUN
easat-9712	24	29	.	.	PUNCT
easat-9712	25	1	despite	despite	SCONJ
easat-9712	25	2	the	the	DET
easat-9712	25	3	extensive	extensive	ADJ
easat-9712	25	4	literature	literature	NOUN
easat-9712	25	5	on	on	ADP
easat-9712	25	6	the	the	DET
easat-9712	25	7	finance	finance	NOUN
easat-9712	25	8	–	–	PUNCT
easat-9712	25	9	growth	growth	NOUN
easat-9712	25	10	nexus	nexus	NOUN
easat-9712	25	11	,	,	PUNCT
easat-9712	25	12	most	most	ADJ
easat-9712	25	13	studies	study	NOUN
easat-9712	25	14	adopt	adopt	VERB
easat-9712	25	15	aggregate	aggregate	ADJ
easat-9712	25	16	indicators	indicator	NOUN
easat-9712	25	17	or	or	CCONJ
easat-9712	25	18	examine	examine	VERB
easat-9712	25	19	financial	financial	ADJ
easat-9712	25	20	institutions	institution	NOUN
easat-9712	25	21	and	and	CCONJ
easat-9712	25	22	markets	market	NOUN
easat-9712	25	23	separately	separately	ADV
easat-9712	25	24	,	,	PUNCT
easat-9712	25	25	overlooking	overlook	VERB
easat-9712	25	26	the	the	DET
easat-9712	25	27	potential	potential	ADJ
easat-9712	25	28	synergies	synergy	NOUN
easat-9712	25	29	of	of	ADP
easat-9712	25	30	their	their	PRON
easat-9712	25	31	joint	joint	ADJ
easat-9712	25	32	development	development	NOUN
easat-9712	25	33	[	[	X
easat-9712	25	34	10	10	NUM
easat-9712	25	35	]	]	PUNCT
easat-9712	25	36	.	.	PUNCT
easat-9712	26	1	this	this	DET
easat-9712	26	2	gap	gap	NOUN
easat-9712	26	3	is	be	AUX
easat-9712	26	4	particularly	particularly	ADV
easat-9712	26	5	relevant	relevant	ADJ
easat-9712	26	6	in	in	ADP
easat-9712	26	7	mena	mena	PROPN
easat-9712	26	8	economies	economy	NOUN
easat-9712	26	9	,	,	PUNCT
easat-9712	26	10	where	where	SCONJ
easat-9712	26	11	the	the	DET
easat-9712	26	12	financial	financial	ADJ
easat-9712	26	13	landscape	landscape	NOUN
easat-9712	26	14	is	be	AUX
easat-9712	26	15	dominated	dominate	VERB
easat-9712	26	16	by	by	ADP
easat-9712	26	17	banks	bank	NOUN
easat-9712	26	18	and	and	CCONJ
easat-9712	26	19	constrained	constrain	VERB
easat-9712	26	20	by	by	ADP
easat-9712	26	21	underdeveloped	underdeveloped	ADJ
easat-9712	26	22	capital	capital	NOUN
easat-9712	26	23	markets	market	NOUN
easat-9712	26	24	,	,	PUNCT
easat-9712	26	25	regulatory	regulatory	ADJ
easat-9712	26	26	limitations	limitation	NOUN
easat-9712	26	27	,	,	PUNCT
easat-9712	26	28	and	and	CCONJ
easat-9712	26	29	slow	slow	VERB
easat-9712	26	30	technological	technological	ADJ
easat-9712	26	31	adoption	adoption	NOUN
easat-9712	26	32	[	[	X
easat-9712	26	33	11	11	NUM
easat-9712	26	34	]	]	PUNCT
easat-9712	26	35	.	.	PUNCT
easat-9712	27	1	the	the	DET
easat-9712	27	2	resulting	result	VERB
easat-9712	27	3	structural	structural	ADJ
easat-9712	27	4	imbalance	imbalance	NOUN
easat-9712	27	5	restricts	restrict	VERB
easat-9712	27	6	efficient	efficient	ADJ
easat-9712	27	7	resource	resource	NOUN
easat-9712	27	8	allocation	allocation	NOUN
easat-9712	27	9	,	,	PUNCT
easat-9712	27	10	innovation	innovation	NOUN
easat-9712	27	11	financing	financing	NOUN
easat-9712	27	12	,	,	PUNCT
easat-9712	27	13	and	and	CCONJ
easat-9712	27	14	inclusive	inclusive	ADJ
easat-9712	27	15	growth	growth	NOUN
easat-9712	27	16	.	.	PUNCT
easat-9712	28	1	addressing	address	VERB
easat-9712	28	2	this	this	DET
easat-9712	28	3	gap	gap	NOUN
easat-9712	28	4	,	,	PUNCT
easat-9712	28	5	the	the	DET
easat-9712	28	6	present	present	ADJ
easat-9712	28	7	study	study	NOUN
easat-9712	28	8	empirically	empirically	ADV
easat-9712	28	9	examines	examine	VERB
easat-9712	28	10	how	how	SCONJ
easat-9712	28	11	the	the	DET
easat-9712	28	12	interaction	interaction	NOUN
easat-9712	28	13	between	between	ADP
easat-9712	28	14	financial	financial	ADJ
easat-9712	28	15	institution	institution	NOUN
easat-9712	28	16	development	development	NOUN
easat-9712	28	17	and	and	CCONJ
easat-9712	28	18	financial	financial	ADJ
easat-9712	28	19	market	market	NOUN
easat-9712	28	20	development	development	NOUN
easat-9712	28	21	—	—	PUNCT
easat-9712	28	22	used	use	VERB
easat-9712	28	23	jointly	jointly	ADV
easat-9712	28	24	as	as	ADP
easat-9712	28	25	a	a	DET
easat-9712	28	26	proxy	proxy	NOUN
easat-9712	28	27	for	for	ADP
easat-9712	28	28	financial	financial	ADJ
easat-9712	28	29	development	development	NOUN
easat-9712	28	30	—	—	PUNCT
easat-9712	28	31	affects	affect	VERB
easat-9712	28	32	economic	economic	ADJ
easat-9712	28	33	growth	growth	NOUN
easat-9712	28	34	in	in	ADP
easat-9712	28	35	12	12	NUM
easat-9712	28	36	mena	mena	NOUN
easat-9712	28	37	countries	country	NOUN
easat-9712	28	38	over	over	ADP
easat-9712	28	39	the	the	DET
easat-9712	28	40	period	period	NOUN
easat-9712	28	41	1990–2023	1990–2023	NUM
easat-9712	28	42	.	.	PUNCT
easat-9712	29	1	by	by	ADP
easat-9712	29	2	applying	apply	VERB
easat-9712	29	3	robust	robust	ADJ
easat-9712	29	4	econometric	econometric	ADJ
easat-9712	29	5	techniques	technique	NOUN
easat-9712	29	6	that	that	PRON
easat-9712	29	7	account	account	VERB
easat-9712	29	8	for	for	ADP
easat-9712	29	9	cross	cross	ADJ
easat-9712	29	10	-	-	ADJ
easat-9712	29	11	sectional	sectional	ADJ
easat-9712	29	12	dependence	dependence	NOUN
easat-9712	29	13	and	and	CCONJ
easat-9712	29	14	other	other	ADJ
easat-9712	29	15	panel	panel	NOUN
easat-9712	29	16	data	datum	NOUN
easat-9712	29	17	challenges	challenge	NOUN
easat-9712	29	18	,	,	PUNCT
easat-9712	29	19	this	this	DET
easat-9712	29	20	research	research	NOUN
easat-9712	29	21	provides	provide	VERB
easat-9712	29	22	evidence	evidence	NOUN
easat-9712	29	23	-	-	PUNCT
easat-9712	29	24	based	base	VERB
easat-9712	29	25	insights	insight	NOUN
easat-9712	29	26	to	to	PART
easat-9712	29	27	inform	inform	VERB
easat-9712	29	28	policymakers	policymaker	NOUN
easat-9712	29	29	on	on	ADP
easat-9712	29	30	integrated	integrate	VERB
easat-9712	29	31	strategies	strategy	NOUN
easat-9712	29	32	for	for	ADP
easat-9712	29	33	fostering	foster	VERB
easat-9712	29	34	a	a	DET
easat-9712	29	35	balanced	balanced	ADJ
easat-9712	29	36	,	,	PUNCT
easat-9712	29	37	resilient	resilient	ADJ
easat-9712	29	38	,	,	PUNCT
easat-9712	29	39	and	and	CCONJ
easat-9712	29	40	growth	growth	NOUN
easat-9712	29	41	-	-	PUNCT
easat-9712	29	42	enhancing	enhance	VERB
easat-9712	29	43	financial	financial	ADJ
easat-9712	29	44	system	system	NOUN
easat-9712	29	45	in	in	ADP
easat-9712	29	46	the	the	DET
easat-9712	29	47	region	region	NOUN
easat-9712	29	48	.	.	PUNCT
easat-9712	30	1	2	2	X
easat-9712	30	2	.	.	X
easat-9712	30	3	literature	literature	NOUN
easat-9712	30	4	review	review	VERB
easat-9712	30	5	the	the	DET
easat-9712	30	6	nexus	nexus	NOUN
easat-9712	30	7	between	between	ADP
easat-9712	30	8	financial	financial	ADJ
easat-9712	30	9	development	development	NOUN
easat-9712	30	10	and	and	CCONJ
easat-9712	30	11	economic	economic	ADJ
easat-9712	30	12	growth	growth	NOUN
easat-9712	30	13	remains	remain	VERB
easat-9712	30	14	a	a	DET
easat-9712	30	15	central	central	ADJ
easat-9712	30	16	theme	theme	NOUN
easat-9712	30	17	in	in	ADP
easat-9712	30	18	economic	economic	ADJ
easat-9712	30	19	research	research	NOUN
easat-9712	30	20	,	,	PUNCT
easat-9712	30	21	reflecting	reflect	VERB
easat-9712	30	22	the	the	DET
easat-9712	30	23	crucial	crucial	ADJ
easat-9712	30	24	yet	yet	CCONJ
easat-9712	30	25	distinct	distinct	ADJ
easat-9712	30	26	contributions	contribution	NOUN
easat-9712	30	27	of	of	ADP
easat-9712	30	28	financial	financial	ADJ
easat-9712	30	29	institutions	institution	NOUN
easat-9712	30	30	and	and	CCONJ
easat-9712	30	31	markets	market	NOUN
easat-9712	30	32	.	.	PUNCT
easat-9712	31	1	classical	classical	ADJ
easat-9712	31	2	perspectives	perspective	NOUN
easat-9712	31	3	,	,	PUNCT
easat-9712	31	4	drawing	draw	VERB
easat-9712	31	5	on	on	ADP
easat-9712	31	6	schumpeter	schumpeter	NOUN
easat-9712	31	7	’s	’s	PART
easat-9712	31	8	seminal	seminal	ADJ
easat-9712	31	9	insights	insight	NOUN
easat-9712	31	10	,	,	PUNCT
easat-9712	31	11	emphasize	emphasize	VERB
easat-9712	31	12	finance	finance	NOUN
easat-9712	31	13	as	as	ADP
easat-9712	31	14	a	a	DET
easat-9712	31	15	catalyst	catalyst	NOUN
easat-9712	31	16	for	for	ADP
easat-9712	31	17	innovation	innovation	NOUN
easat-9712	31	18	and	and	CCONJ
easat-9712	31	19	capital	capital	NOUN
easat-9712	31	20	accumulation	accumulation	NOUN
easat-9712	31	21	,	,	PUNCT
easat-9712	31	22	which	which	PRON
easat-9712	31	23	underpin	underpin	VERB
easat-9712	31	24	economic	economic	ADJ
easat-9712	31	25	expansion	expansion	NOUN
easat-9712	31	26	[	[	X
easat-9712	31	27	12	12	NUM
easat-9712	31	28	,	,	PUNCT
easat-9712	31	29	13	13	NUM
easat-9712	31	30	]	]	PUNCT
easat-9712	31	31	.	.	PUNCT
easat-9712	32	1	empirical	empirical	ADJ
easat-9712	32	2	investigations	investigation	NOUN
easat-9712	32	3	by	by	ADP
easat-9712	32	4	king	king	NOUN
easat-9712	32	5	and	and	CCONJ
easat-9712	32	6	levine	levine	PROPN
easat-9712	32	7	[	[	X
easat-9712	32	8	14	14	NUM
easat-9712	32	9	]	]	PUNCT
easat-9712	32	10	robustly	robustly	ADV
easat-9712	32	11	established	establish	VERB
easat-9712	32	12	that	that	SCONJ
easat-9712	32	13	well	well	ADV
easat-9712	32	14	-	-	PUNCT
easat-9712	32	15	developed	develop	VERB
easat-9712	32	16	financial	financial	ADJ
easat-9712	32	17	systems	system	NOUN
easat-9712	32	18	facilitate	facilitate	NOUN
easat-9712	32	19	growth	growth	NOUN
easat-9712	32	20	by	by	ADP
easat-9712	32	21	mobilizing	mobilize	VERB
easat-9712	32	22	savings	saving	NOUN
easat-9712	32	23	,	,	PUNCT
easat-9712	32	24	allocating	allocate	VERB
easat-9712	32	25	capital	capital	NOUN
easat-9712	32	26	efficiently	efficiently	ADV
easat-9712	32	27	,	,	PUNCT
easat-9712	32	28	and	and	CCONJ
easat-9712	32	29	mitigating	mitigate	VERB
easat-9712	32	30	information	information	NOUN
easat-9712	32	31	asymmetries	asymmetry	NOUN
easat-9712	32	32	.	.	PUNCT
easat-9712	33	1	financial	financial	ADJ
easat-9712	33	2	markets	market	NOUN
easat-9712	33	3	play	play	VERB
easat-9712	33	4	a	a	DET
easat-9712	33	5	complementary	complementary	ADJ
easat-9712	33	6	role	role	NOUN
easat-9712	33	7	to	to	ADP
easat-9712	33	8	institutions	institution	NOUN
easat-9712	33	9	by	by	ADP
easat-9712	33	10	enhancing	enhance	VERB
easat-9712	33	11	liquidity	liquidity	NOUN
easat-9712	33	12	,	,	PUNCT
easat-9712	33	13	enabling	enable	VERB
easat-9712	33	14	risk	risk	NOUN
easat-9712	33	15	diversification	diversification	NOUN
easat-9712	33	16	,	,	PUNCT
easat-9712	33	17	and	and	CCONJ
easat-9712	33	18	reducing	reduce	VERB
easat-9712	33	19	transaction	transaction	NOUN
easat-9712	33	20	costs	cost	NOUN
easat-9712	33	21	through	through	ADP
easat-9712	33	22	mechanisms	mechanism	NOUN
easat-9712	33	23	such	such	ADJ
easat-9712	33	24	as	as	ADP
easat-9712	33	25	stock	stock	NOUN
easat-9712	33	26	market	market	NOUN
easat-9712	33	27	trading	trading	NOUN
easat-9712	33	28	and	and	CCONJ
easat-9712	33	29	bond	bond	NOUN
easat-9712	33	30	issuance	issuance	NOUN
easat-9712	33	31	[	[	X
easat-9712	33	32	14	14	NUM
easat-9712	33	33	,	,	PUNCT
easat-9712	33	34	15	15	NUM
easat-9712	33	35	]	]	PUNCT
easat-9712	33	36	.	.	PUNCT
easat-9712	34	1	recent	recent	ADJ
easat-9712	34	2	empirical	empirical	ADJ
easat-9712	34	3	evidence	evidence	NOUN
easat-9712	34	4	underscores	underscore	VERB
easat-9712	34	5	the	the	DET
easat-9712	34	6	synergistic	synergistic	ADJ
easat-9712	34	7	effect	effect	NOUN
easat-9712	34	8	arising	arise	VERB
easat-9712	34	9	from	from	ADP
easat-9712	34	10	the	the	DET
easat-9712	34	11	joint	joint	ADJ
easat-9712	34	12	development	development	NOUN
easat-9712	34	13	of	of	ADP
easat-9712	34	14	financial	financial	ADJ
easat-9712	34	15	institutions	institution	NOUN
easat-9712	34	16	and	and	CCONJ
easat-9712	34	17	markets	market	NOUN
easat-9712	34	18	,	,	PUNCT
easat-9712	34	19	which	which	PRON
easat-9712	34	20	often	often	ADV
easat-9712	34	21	produces	produce	VERB
easat-9712	34	22	growth	growth	NOUN
easat-9712	34	23	outcomes	outcome	NOUN
easat-9712	34	24	exceeding	exceed	VERB
easat-9712	34	25	the	the	DET
easat-9712	34	26	sum	sum	NOUN
easat-9712	34	27	of	of	ADP
easat-9712	34	28	their	their	PRON
easat-9712	34	29	individual	individual	ADJ
easat-9712	34	30	impacts	impact	NOUN
easat-9712	34	31	[	[	X
easat-9712	34	32	16	16	NUM
easat-9712	34	33	]	]	PUNCT
easat-9712	34	34	.	.	PUNCT
easat-9712	35	1	this	this	DET
easat-9712	35	2	interplay	interplay	NOUN
easat-9712	35	3	is	be	AUX
easat-9712	35	4	particularly	particularly	ADV
easat-9712	35	5	salient	salient	ADJ
easat-9712	35	6	in	in	ADP
easat-9712	35	7	regions	region	NOUN
easat-9712	35	8	like	like	ADP
easat-9712	35	9	mena	mena	NOUN
easat-9712	35	10	,	,	PUNCT
easat-9712	35	11	where	where	SCONJ
easat-9712	35	12	the	the	DET
easat-9712	35	13	financial	financial	ADJ
easat-9712	35	14	landscape	landscape	NOUN
easat-9712	35	15	remains	remain	VERB
easat-9712	35	16	heavily	heavily	ADV
easat-9712	35	17	bank	bank	NOUN
easat-9712	35	18	-	-	PUNCT
easat-9712	35	19	centric	centric	ADJ
easat-9712	35	20	and	and	CCONJ
easat-9712	35	21	capital	capital	NOUN
easat-9712	35	22	markets	market	NOUN
easat-9712	35	23	are	be	AUX
easat-9712	35	24	relatively	relatively	ADV
easat-9712	35	25	shallow	shallow	ADJ
easat-9712	35	26	,	,	PUNCT
easat-9712	35	27	thereby	thereby	ADV
easat-9712	35	28	constraining	constrain	VERB
easat-9712	35	29	the	the	DET
easat-9712	35	30	overall	overall	ADJ
easat-9712	35	31	effectiveness	effectiveness	NOUN
easat-9712	35	32	of	of	ADP
easat-9712	35	33	financial	financial	ADJ
easat-9712	35	34	intermediation	intermediation	NOUN
easat-9712	35	35	[	[	X
easat-9712	35	36	8	8	NUM
easat-9712	35	37	,	,	PUNCT
easat-9712	35	38	17	17	NUM
easat-9712	35	39	]	]	PUNCT
easat-9712	35	40	.	.	PUNCT
easat-9712	36	1	beck	beck	PROPN
easat-9712	36	2	,	,	PUNCT
easat-9712	36	3	et	et	PROPN
easat-9712	36	4	al	al	PROPN
easat-9712	36	5	.	.	PUNCT
easat-9712	37	1	[	[	X
easat-9712	37	2	18	18	NUM
easat-9712	37	3	]	]	PUNCT
easat-9712	37	4	highlight	highlight	VERB
easat-9712	37	5	that	that	SCONJ
easat-9712	37	6	financial	financial	ADJ
easat-9712	37	7	development	development	NOUN
easat-9712	37	8	is	be	AUX
easat-9712	37	9	a	a	DET
easat-9712	37	10	multifaceted	multifaceted	ADJ
easat-9712	37	11	process	process	NOUN
easat-9712	37	12	,	,	PUNCT
easat-9712	37	13	where	where	SCONJ
easat-9712	37	14	financial	financial	ADJ
easat-9712	37	15	institutions	institution	NOUN
easat-9712	37	16	and	and	CCONJ
easat-9712	37	17	financial	financial	ADJ
easat-9712	37	18	markets	market	NOUN
easat-9712	37	19	do	do	AUX
easat-9712	37	20	not	not	PART
easat-9712	37	21	operate	operate	VERB
easat-9712	37	22	in	in	ADP
easat-9712	37	23	isolation	isolation	NOUN
easat-9712	37	24	but	but	CCONJ
easat-9712	37	25	rather	rather	ADV
easat-9712	37	26	interact	interact	VERB
easat-9712	37	27	to	to	PART
easat-9712	37	28	influence	influence	VERB
easat-9712	37	29	economic	economic	ADJ
easat-9712	37	30	outcomes	outcome	NOUN
easat-9712	37	31	.	.	PUNCT
easat-9712	38	1	their	their	PRON
easat-9712	38	2	framework	framework	NOUN
easat-9712	38	3	demonstrates	demonstrate	VERB
easat-9712	38	4	that	that	SCONJ
easat-9712	38	5	accounting	account	VERB
easat-9712	38	6	for	for	ADP
easat-9712	38	7	the	the	DET
easat-9712	38	8	interaction	interaction	NOUN
easat-9712	38	9	between	between	ADP
easat-9712	38	10	these	these	DET
easat-9712	38	11	components	component	NOUN
easat-9712	38	12	uncovers	uncover	NOUN
easat-9712	38	13	synergies	synergy	NOUN
easat-9712	38	14	that	that	PRON
easat-9712	38	15	amplify	amplify	VERB
easat-9712	38	16	the	the	DET
easat-9712	38	17	positive	positive	ADJ
easat-9712	38	18	effects	effect	NOUN
easat-9712	38	19	on	on	ADP
easat-9712	38	20	growth	growth	NOUN
easat-9712	38	21	,	,	PUNCT
easat-9712	38	22	which	which	DET
easat-9712	38	23	traditional	traditional	ADJ
easat-9712	38	24	models	model	NOUN
easat-9712	38	25	using	use	VERB
easat-9712	38	26	only	only	ADJ
easat-9712	38	27	individual	individual	ADJ
easat-9712	38	28	indicators	indicator	NOUN
easat-9712	38	29	may	may	AUX
easat-9712	38	30	fail	fail	VERB
easat-9712	38	31	to	to	PART
easat-9712	38	32	detect	detect	VERB
easat-9712	38	33	.	.	PUNCT
easat-9712	39	1	specifically	specifically	ADV
easat-9712	39	2	,	,	PUNCT
easat-9712	39	3	financial	financial	ADJ
easat-9712	39	4	institutions	institution	NOUN
easat-9712	39	5	contribute	contribute	VERB
easat-9712	39	6	to	to	ADP
easat-9712	39	7	reducing	reduce	VERB
easat-9712	39	8	information	information	NOUN
easat-9712	39	9	asymmetries	asymmetry	NOUN
easat-9712	39	10	and	and	CCONJ
easat-9712	39	11	allocating	allocate	VERB
easat-9712	39	12	credit	credit	NOUN
easat-9712	39	13	efficiently	efficiently	ADV
easat-9712	39	14	,	,	PUNCT
easat-9712	39	15	while	while	SCONJ
easat-9712	39	16	financial	financial	ADJ
easat-9712	39	17	markets	market	NOUN
easat-9712	39	18	enhance	enhance	VERB
easat-9712	39	19	liquidity	liquidity	NOUN
easat-9712	39	20	and	and	CCONJ
easat-9712	39	21	facilitate	facilitate	VERB
easat-9712	39	22	risk	risk	NOUN
easat-9712	39	23	-	-	PUNCT
easat-9712	39	24	sharing	sharing	NOUN
easat-9712	39	25	.	.	PUNCT
easat-9712	40	1	the	the	DET
easat-9712	40	2	interplay	interplay	NOUN
easat-9712	40	3	between	between	ADP
easat-9712	40	4	these	these	DET
easat-9712	40	5	functions	function	NOUN
easat-9712	40	6	creates	create	VERB
easat-9712	40	7	an	an	DET
easat-9712	40	8	environment	environment	NOUN
easat-9712	40	9	conducive	conducive	ADJ
easat-9712	40	10	to	to	ADP
easat-9712	40	11	investment	investment	NOUN
easat-9712	40	12	,	,	PUNCT
easat-9712	40	13	innovation	innovation	NOUN
easat-9712	40	14	,	,	PUNCT
easat-9712	40	15	and	and	CCONJ
easat-9712	40	16	productivity	productivity	NOUN
easat-9712	40	17	improvements	improvement	NOUN
easat-9712	40	18	.	.	PUNCT
easat-9712	41	1	this	this	DET
easat-9712	41	2	perspective	perspective	NOUN
easat-9712	41	3	is	be	AUX
easat-9712	41	4	particularly	particularly	ADV
easat-9712	41	5	pertinent	pertinent	ADJ
easat-9712	41	6	for	for	ADP
easat-9712	41	7	emerging	emerge	VERB
easat-9712	41	8	and	and	CCONJ
easat-9712	41	9	developing	develop	VERB
easat-9712	41	10	economies	economy	NOUN
easat-9712	41	11	,	,	PUNCT
easat-9712	41	12	such	such	ADJ
easat-9712	41	13	as	as	ADP
easat-9712	41	14	those	those	PRON
easat-9712	41	15	in	in	ADP
easat-9712	41	16	the	the	DET
easat-9712	41	17	mena	mena	PROPN
easat-9712	41	18	region	region	PROPN
easat-9712	41	19	,	,	PUNCT
easat-9712	41	20	where	where	SCONJ
easat-9712	41	21	financial	financial	ADJ
easat-9712	41	22	systems	system	NOUN
easat-9712	41	23	are	be	AUX
easat-9712	41	24	often	often	ADV
easat-9712	41	25	bank	bank	NOUN
easat-9712	41	26	-	-	PUNCT
easat-9712	41	27	centric	centric	ADJ
easat-9712	41	28	and	and	CCONJ
easat-9712	41	29	capital	capital	NOUN
easat-9712	41	30	markets	market	NOUN
easat-9712	41	31	underdeveloped	underdeveloped	ADJ
easat-9712	41	32	.	.	PUNCT
easat-9712	42	1	incorporating	incorporate	VERB
easat-9712	42	2	an	an	DET
easat-9712	42	3	interaction	interaction	NOUN
easat-9712	42	4	term	term	NOUN
easat-9712	42	5	in	in	ADP
easat-9712	42	6	empirical	empirical	ADJ
easat-9712	42	7	models	model	NOUN
easat-9712	42	8	thus	thus	ADV
easat-9712	42	9	provides	provide	VERB
easat-9712	42	10	a	a	DET
easat-9712	42	11	more	more	ADV
easat-9712	42	12	nuanced	nuanced	ADJ
easat-9712	42	13	and	and	CCONJ
easat-9712	42	14	realistic	realistic	ADJ
easat-9712	42	15	representation	representation	NOUN
easat-9712	42	16	of	of	ADP
easat-9712	42	17	financial	financial	ADJ
easat-9712	42	18	development	development	NOUN
easat-9712	42	19	’s	’s	PART
easat-9712	42	20	role	role	NOUN
easat-9712	42	21	in	in	ADP
easat-9712	42	22	growth	growth	NOUN
easat-9712	42	23	,	,	PUNCT
easat-9712	42	24	enabling	enable	VERB
easat-9712	42	25	policymakers	policymaker	NOUN
easat-9712	42	26	to	to	PART
easat-9712	42	27	design	design	VERB
easat-9712	42	28	integrated	integrate	VERB
easat-9712	42	29	financial	financial	ADJ
easat-9712	42	30	reforms	reform	NOUN
easat-9712	42	31	that	that	PRON
easat-9712	42	32	leverage	leverage	VERB
easat-9712	42	33	the	the	DET
easat-9712	42	34	complementarities	complementarity	NOUN
easat-9712	42	35	between	between	ADP
easat-9712	42	36	institutions	institution	NOUN
easat-9712	42	37	and	and	CCONJ
easat-9712	42	38	markets	market	NOUN
easat-9712	42	39	[	[	X
easat-9712	42	40	18	18	NUM
easat-9712	42	41	]	]	PUNCT
easat-9712	42	42	.	.	PUNCT
easat-9712	43	1	a	a	DET
easat-9712	43	2	diversified	diversify	VERB
easat-9712	43	3	financial	financial	ADJ
easat-9712	43	4	structure	structure	NOUN
easat-9712	43	5	that	that	PRON
easat-9712	43	6	balances	balance	VERB
easat-9712	43	7	robust	robust	ADJ
easat-9712	43	8	banking	banking	NOUN
easat-9712	43	9	systems	system	NOUN
easat-9712	43	10	with	with	ADP
easat-9712	43	11	vibrant	vibrant	ADJ
easat-9712	43	12	capital	capital	NOUN
easat-9712	43	13	markets	market	NOUN
easat-9712	43	14	supports	support	VERB
easat-9712	43	15	more	more	ADJ
easat-9712	43	16	inclusive	inclusive	ADJ
easat-9712	43	17	and	and	CCONJ
easat-9712	43	18	sustainable	sustainable	ADJ
easat-9712	43	19	economic	economic	ADJ
easat-9712	43	20	growth	growth	NOUN
easat-9712	43	21	by	by	ADP
easat-9712	43	22	broadening	broaden	VERB
easat-9712	43	23	access	access	NOUN
easat-9712	43	24	to	to	ADP
easat-9712	43	25	finance	finance	NOUN
easat-9712	43	26	and	and	CCONJ
easat-9712	43	27	fostering	foster	VERB
easat-9712	43	28	innovation	innovation	NOUN
easat-9712	43	29	[	[	X
easat-9712	43	30	4	4	NUM
easat-9712	43	31	]	]	PUNCT
easat-9712	43	32	.	.	PUNCT
easat-9712	44	1	for	for	ADP
easat-9712	44	2	mena	mena	PROPN
easat-9712	44	3	economies	economy	NOUN
easat-9712	44	4	,	,	PUNCT
easat-9712	44	5	deepening	deepen	VERB
easat-9712	44	6	capital	capital	NOUN
easat-9712	44	7	markets	market	NOUN
easat-9712	44	8	and	and	CCONJ
easat-9712	44	9	embracing	embrace	VERB
easat-9712	44	10	financial	financial	ADJ
easat-9712	44	11	innovation	innovation	NOUN
easat-9712	44	12	,	,	PUNCT
easat-9712	44	13	including	include	VERB
easat-9712	44	14	fintech	fintech	NOUN
easat-9712	44	15	solutions	solution	NOUN
easat-9712	44	16	,	,	PUNCT
easat-9712	44	17	have	have	AUX
easat-9712	44	18	been	be	AUX
easat-9712	44	19	identified	identify	VERB
easat-9712	44	20	as	as	ADP
easat-9712	44	21	critical	critical	ADJ
easat-9712	44	22	avenues	avenue	NOUN
easat-9712	44	23	to	to	PART
easat-9712	44	24	overcome	overcome	VERB
easat-9712	44	25	persistent	persistent	ADJ
easat-9712	44	26	financing	financing	NOUN
easat-9712	44	27	gaps	gap	NOUN
easat-9712	44	28	and	and	CCONJ
easat-9712	44	29	stimulate	stimulate	VERB
easat-9712	44	30	entrepreneurship	entrepreneurship	NOUN
easat-9712	44	31	[	[	X
easat-9712	44	32	19	19	NUM
easat-9712	44	33	]	]	PUNCT
easat-9712	44	34	.	.	PUNCT
easat-9712	45	1	empirical	empirical	ADJ
easat-9712	45	2	studies	study	NOUN
easat-9712	45	3	confirm	confirm	VERB
easat-9712	45	4	that	that	SCONJ
easat-9712	45	5	improvements	improvement	NOUN
easat-9712	45	6	in	in	ADP
easat-9712	45	7	financial	financial	ADJ
easat-9712	45	8	1844	1844	NUM
easat-9712	45	9	edelweiss	edelweiss	PROPN
easat-9712	45	10	applied	apply	VERB
easat-9712	45	11	science	science	NOUN
easat-9712	45	12	and	and	CCONJ
easat-9712	45	13	technology	technology	NOUN
easat-9712	45	14	issn	issn	PROPN
easat-9712	45	15	:	:	PUNCT
easat-9712	45	16	2576	2576	NUM
easat-9712	45	17	-	-	SYM
easat-9712	45	18	8484	8484	NUM
easat-9712	45	19	vol	vol	NOUN
easat-9712	45	20	.	.	PROPN
easat-9712	46	1	9	9	NUM
easat-9712	46	2	,	,	PUNCT
easat-9712	46	3	no	no	INTJ
easat-9712	46	4	.	.	NOUN
easat-9712	46	5	8	8	NUM
easat-9712	46	6	:	:	SYM
easat-9712	46	7	1842	1842	NUM
easat-9712	46	8	-	-	SYM
easat-9712	46	9	1850	1850	NUM
easat-9712	46	10	,	,	PUNCT
easat-9712	46	11	2025	2025	NUM
easat-9712	46	12	doi	doi	NOUN
easat-9712	46	13	:	:	PUNCT
easat-9712	46	14	10.55214/2576	10.55214/2576	NUM
easat-9712	46	15	-	-	SYM
easat-9712	46	16	8484.v9i8.9712	8484.v9i8.9712	NUM
easat-9712	46	17	©	©	PROPN
easat-9712	46	18	2025	2025	NUM
easat-9712	46	19	by	by	ADP
easat-9712	46	20	the	the	DET
easat-9712	46	21	authors	author	NOUN
easat-9712	46	22	;	;	PUNCT
easat-9712	46	23	licensee	licensee	PROPN
easat-9712	46	24	learning	learn	VERB
easat-9712	46	25	gate	gate	NOUN
easat-9712	46	26	inclusion	inclusion	NOUN
easat-9712	46	27	and	and	CCONJ
easat-9712	46	28	credit	credit	NOUN
easat-9712	46	29	availability	availability	NOUN
easat-9712	46	30	are	be	AUX
easat-9712	46	31	positively	positively	ADV
easat-9712	46	32	correlated	correlate	VERB
easat-9712	46	33	with	with	ADP
easat-9712	46	34	higher	high	ADJ
easat-9712	46	35	gdp	gdp	NOUN
easat-9712	46	36	per	per	ADP
easat-9712	46	37	capita	capita	NOUN
easat-9712	46	38	and	and	CCONJ
easat-9712	46	39	poverty	poverty	NOUN
easat-9712	46	40	reduction	reduction	NOUN
easat-9712	46	41	in	in	ADP
easat-9712	46	42	the	the	DET
easat-9712	46	43	region	region	NOUN
easat-9712	46	44	[	[	X
easat-9712	46	45	20	20	NUM
easat-9712	46	46	]	]	PUNCT
easat-9712	46	47	.	.	PUNCT
easat-9712	47	1	however	however	ADV
easat-9712	47	2	,	,	PUNCT
easat-9712	47	3	many	many	ADJ
easat-9712	47	4	studies	study	NOUN
easat-9712	47	5	rely	rely	VERB
easat-9712	47	6	on	on	ADP
easat-9712	47	7	aggregate	aggregate	ADJ
easat-9712	47	8	proxies	proxy	NOUN
easat-9712	47	9	for	for	ADP
easat-9712	47	10	financial	financial	ADJ
easat-9712	47	11	development	development	NOUN
easat-9712	47	12	,	,	PUNCT
easat-9712	47	13	such	such	ADJ
easat-9712	47	14	as	as	ADP
easat-9712	47	15	broad	broad	ADJ
easat-9712	47	16	measures	measure	NOUN
easat-9712	47	17	of	of	ADP
easat-9712	47	18	credit	credit	NOUN
easat-9712	47	19	or	or	CCONJ
easat-9712	47	20	stock	stock	NOUN
easat-9712	47	21	market	market	NOUN
easat-9712	47	22	capitalization	capitalization	NOUN
easat-9712	47	23	,	,	PUNCT
easat-9712	47	24	which	which	PRON
easat-9712	47	25	may	may	AUX
easat-9712	47	26	mask	mask	VERB
easat-9712	47	27	the	the	DET
easat-9712	47	28	nuanced	nuanced	ADJ
easat-9712	47	29	interactions	interaction	NOUN
easat-9712	47	30	between	between	ADP
easat-9712	47	31	institutions	institution	NOUN
easat-9712	47	32	and	and	CCONJ
easat-9712	47	33	markets	market	NOUN
easat-9712	47	34	.	.	PUNCT
easat-9712	48	1	incorporating	incorporate	VERB
easat-9712	48	2	interaction	interaction	NOUN
easat-9712	48	3	terms	term	NOUN
easat-9712	48	4	between	between	ADP
easat-9712	48	5	financial	financial	ADJ
easat-9712	48	6	institution	institution	NOUN
easat-9712	48	7	development	development	NOUN
easat-9712	48	8	and	and	CCONJ
easat-9712	48	9	market	market	NOUN
easat-9712	48	10	development	development	NOUN
easat-9712	48	11	provides	provide	VERB
easat-9712	48	12	a	a	DET
easat-9712	48	13	more	more	ADV
easat-9712	48	14	accurate	accurate	ADJ
easat-9712	48	15	understanding	understanding	NOUN
easat-9712	48	16	of	of	ADP
easat-9712	48	17	their	their	PRON
easat-9712	48	18	joint	joint	ADJ
easat-9712	48	19	contribution	contribution	NOUN
easat-9712	48	20	to	to	ADP
easat-9712	48	21	economic	economic	ADJ
easat-9712	48	22	growth	growth	NOUN
easat-9712	48	23	[	[	X
easat-9712	48	24	21	21	NUM
easat-9712	48	25	]	]	PUNCT
easat-9712	48	26	.	.	PUNCT
easat-9712	49	1	this	this	DET
easat-9712	49	2	approach	approach	NOUN
easat-9712	49	3	highlights	highlight	VERB
easat-9712	49	4	the	the	DET
easat-9712	49	5	complementary	complementary	ADJ
easat-9712	49	6	mechanisms	mechanism	NOUN
easat-9712	49	7	by	by	ADP
easat-9712	49	8	which	which	PRON
easat-9712	49	9	institutions	institution	NOUN
easat-9712	49	10	improve	improve	VERB
easat-9712	49	11	credit	credit	NOUN
easat-9712	49	12	allocation	allocation	NOUN
easat-9712	49	13	and	and	CCONJ
easat-9712	49	14	reduce	reduce	VERB
easat-9712	49	15	risks	risk	NOUN
easat-9712	49	16	,	,	PUNCT
easat-9712	49	17	while	while	SCONJ
easat-9712	49	18	markets	market	NOUN
easat-9712	49	19	enhance	enhance	VERB
easat-9712	49	20	liquidity	liquidity	NOUN
easat-9712	49	21	and	and	CCONJ
easat-9712	49	22	foster	foster	ADJ
easat-9712	49	23	efficient	efficient	ADJ
easat-9712	49	24	price	price	NOUN
easat-9712	49	25	discovery	discovery	NOUN
easat-9712	49	26	—	—	PUNCT
easat-9712	49	27	jointly	jointly	ADV
easat-9712	49	28	facilitating	facilitate	VERB
easat-9712	49	29	productivity	productivity	NOUN
easat-9712	49	30	gains	gain	NOUN
easat-9712	49	31	and	and	CCONJ
easat-9712	49	32	technological	technological	ADJ
easat-9712	49	33	advancement	advancement	NOUN
easat-9712	49	34	[	[	X
easat-9712	49	35	14	14	NUM
easat-9712	49	36	]	]	PUNCT
easat-9712	49	37	.	.	PUNCT
easat-9712	50	1	such	such	ADJ
easat-9712	50	2	insights	insight	NOUN
easat-9712	50	3	are	be	AUX
easat-9712	50	4	especially	especially	ADV
easat-9712	50	5	relevant	relevant	ADJ
easat-9712	50	6	to	to	ADP
easat-9712	50	7	mena	mena	PROPN
easat-9712	50	8	’s	’s	PART
easat-9712	50	9	bank	bank	PROPN
easat-9712	50	10	-	-	PUNCT
easat-9712	50	11	dominated	dominate	VERB
easat-9712	50	12	economies	economy	NOUN
easat-9712	50	13	striving	strive	VERB
easat-9712	50	14	to	to	PART
easat-9712	50	15	diversify	diversify	VERB
easat-9712	50	16	and	and	CCONJ
easat-9712	50	17	modernize	modernize	VERB
easat-9712	50	18	their	their	PRON
easat-9712	50	19	financial	financial	ADJ
easat-9712	50	20	sectors	sector	NOUN
easat-9712	50	21	amidst	amidst	ADP
easat-9712	50	22	ongoing	ongoing	ADJ
easat-9712	50	23	structural	structural	ADJ
easat-9712	50	24	reforms	reform	NOUN
easat-9712	50	25	[	[	X
easat-9712	50	26	9	9	NUM
easat-9712	50	27	]	]	PUNCT
easat-9712	50	28	.	.	PUNCT
easat-9712	51	1	beyond	beyond	ADP
easat-9712	51	2	financial	financial	ADJ
easat-9712	51	3	factors	factor	NOUN
easat-9712	51	4	,	,	PUNCT
easat-9712	51	5	several	several	ADJ
easat-9712	51	6	macroeconomic	macroeconomic	ADJ
easat-9712	51	7	determinants	determinant	NOUN
easat-9712	51	8	continue	continue	VERB
easat-9712	51	9	to	to	PART
easat-9712	51	10	shape	shape	VERB
easat-9712	51	11	growth	growth	NOUN
easat-9712	51	12	trajectories	trajectory	NOUN
easat-9712	51	13	in	in	ADP
easat-9712	51	14	the	the	DET
easat-9712	51	15	mena	mena	PROPN
easat-9712	51	16	region	region	PROPN
easat-9712	51	17	.	.	PUNCT
easat-9712	52	1	public	public	ADJ
easat-9712	52	2	expenditure	expenditure	NOUN
easat-9712	52	3	,	,	PUNCT
easat-9712	52	4	particularly	particularly	ADV
easat-9712	52	5	capital	capital	NOUN
easat-9712	52	6	investment	investment	NOUN
easat-9712	52	7	in	in	ADP
easat-9712	52	8	infrastructure	infrastructure	NOUN
easat-9712	52	9	,	,	PUNCT
easat-9712	52	10	education	education	NOUN
easat-9712	52	11	,	,	PUNCT
easat-9712	52	12	and	and	CCONJ
easat-9712	52	13	health	health	NOUN
easat-9712	52	14	,	,	PUNCT
easat-9712	52	15	plays	play	VERB
easat-9712	52	16	a	a	DET
easat-9712	52	17	crucial	crucial	ADJ
easat-9712	52	18	role	role	NOUN
easat-9712	52	19	in	in	ADP
easat-9712	52	20	underpinning	underpin	VERB
easat-9712	52	21	long	long	ADJ
easat-9712	52	22	-	-	PUNCT
easat-9712	52	23	term	term	NOUN
easat-9712	52	24	growth	growth	NOUN
easat-9712	52	25	,	,	PUNCT
easat-9712	52	26	often	often	ADV
easat-9712	52	27	exhibiting	exhibit	VERB
easat-9712	52	28	higher	high	ADJ
easat-9712	52	29	returns	return	NOUN
easat-9712	52	30	compared	compare	VERB
easat-9712	52	31	to	to	PART
easat-9712	52	32	recurrent	recurrent	ADJ
easat-9712	52	33	spending	spending	NOUN
easat-9712	52	34	on	on	ADP
easat-9712	52	35	subsidies	subsidy	NOUN
easat-9712	52	36	or	or	CCONJ
easat-9712	52	37	transfers	transfer	NOUN
easat-9712	52	38	[	[	X
easat-9712	52	39	11	11	NUM
easat-9712	52	40	,	,	PUNCT
easat-9712	52	41	22	22	NUM
easat-9712	52	42	]	]	PUNCT
easat-9712	52	43	.	.	PUNCT
easat-9712	53	1	meanwhile	meanwhile	ADV
easat-9712	53	2	,	,	PUNCT
easat-9712	53	3	foreign	foreign	ADJ
easat-9712	53	4	direct	direct	ADJ
easat-9712	53	5	investment	investment	NOUN
easat-9712	53	6	(	(	PUNCT
easat-9712	53	7	fdi	fdi	NOUN
easat-9712	53	8	)	)	PUNCT
easat-9712	53	9	is	be	AUX
easat-9712	53	10	recognized	recognize	VERB
easat-9712	53	11	for	for	ADP
easat-9712	53	12	facilitating	facilitate	VERB
easat-9712	53	13	technology	technology	NOUN
easat-9712	53	14	transfer	transfer	NOUN
easat-9712	53	15	,	,	PUNCT
easat-9712	53	16	enhancing	enhance	VERB
easat-9712	53	17	productivity	productivity	NOUN
easat-9712	53	18	,	,	PUNCT
easat-9712	53	19	and	and	CCONJ
easat-9712	53	20	integrating	integrate	VERB
easat-9712	53	21	economies	economy	NOUN
easat-9712	53	22	into	into	ADP
easat-9712	53	23	global	global	ADJ
easat-9712	53	24	value	value	NOUN
easat-9712	53	25	chains	chain	NOUN
easat-9712	53	26	.	.	PUNCT
easat-9712	54	1	however	however	ADV
easat-9712	54	2	,	,	PUNCT
easat-9712	54	3	fdi	fdi	PROPN
easat-9712	54	4	’s	’s	PART
easat-9712	54	5	effectiveness	effectiveness	NOUN
easat-9712	54	6	varies	vary	VERB
easat-9712	54	7	widely	widely	ADV
easat-9712	54	8	across	across	ADP
easat-9712	54	9	mena	mena	PROPN
easat-9712	54	10	countries	country	NOUN
easat-9712	54	11	due	due	ADP
easat-9712	54	12	to	to	ADP
easat-9712	54	13	heterogeneity	heterogeneity	NOUN
easat-9712	54	14	in	in	ADP
easat-9712	54	15	institutional	institutional	ADJ
easat-9712	54	16	quality	quality	NOUN
easat-9712	54	17	,	,	PUNCT
easat-9712	54	18	governance	governance	NOUN
easat-9712	54	19	standards	standard	NOUN
easat-9712	54	20	,	,	PUNCT
easat-9712	54	21	and	and	CCONJ
easat-9712	54	22	political	political	ADJ
easat-9712	54	23	stability	stability	NOUN
easat-9712	54	24	[	[	X
easat-9712	54	25	23	23	NUM
easat-9712	54	26	]	]	PUNCT
easat-9712	54	27	.	.	PUNCT
easat-9712	55	1	trade	trade	NOUN
easat-9712	55	2	openness	openness	NOUN
easat-9712	55	3	remains	remain	VERB
easat-9712	55	4	a	a	DET
easat-9712	55	5	vital	vital	ADJ
easat-9712	55	6	growth	growth	NOUN
easat-9712	55	7	driver	driver	NOUN
easat-9712	55	8	by	by	ADP
easat-9712	55	9	expanding	expand	VERB
easat-9712	55	10	market	market	NOUN
easat-9712	55	11	access	access	NOUN
easat-9712	55	12	,	,	PUNCT
easat-9712	55	13	stimulating	stimulate	VERB
easat-9712	55	14	competition	competition	NOUN
easat-9712	55	15	,	,	PUNCT
easat-9712	55	16	and	and	CCONJ
easat-9712	55	17	accelerating	accelerate	VERB
easat-9712	55	18	innovation	innovation	NOUN
easat-9712	55	19	diffusion	diffusion	NOUN
easat-9712	55	20	[	[	X
easat-9712	55	21	6	6	NUM
easat-9712	55	22	]	]	PUNCT
easat-9712	55	23	.	.	PUNCT
easat-9712	56	1	ultimately	ultimately	ADV
easat-9712	56	2	,	,	PUNCT
easat-9712	56	3	sustainable	sustainable	ADJ
easat-9712	56	4	economic	economic	ADJ
easat-9712	56	5	growth	growth	NOUN
easat-9712	56	6	in	in	ADP
easat-9712	56	7	the	the	DET
easat-9712	56	8	mena	mena	PROPN
easat-9712	56	9	region	region	PROPN
easat-9712	56	10	depends	depend	VERB
easat-9712	56	11	on	on	ADP
easat-9712	56	12	harmonizing	harmonize	VERB
easat-9712	56	13	these	these	DET
easat-9712	56	14	factors	factor	NOUN
easat-9712	56	15	within	within	ADP
easat-9712	56	16	coherent	coherent	ADJ
easat-9712	56	17	policy	policy	NOUN
easat-9712	56	18	frameworks	framework	NOUN
easat-9712	56	19	that	that	PRON
easat-9712	56	20	strengthen	strengthen	VERB
easat-9712	56	21	institutions	institution	NOUN
easat-9712	56	22	,	,	PUNCT
easat-9712	56	23	promote	promote	VERB
easat-9712	56	24	financial	financial	ADJ
easat-9712	56	25	sector	sector	NOUN
easat-9712	56	26	diversification	diversification	NOUN
easat-9712	56	27	,	,	PUNCT
easat-9712	56	28	and	and	CCONJ
easat-9712	56	29	foster	foster	ADJ
easat-9712	56	30	economic	economic	ADJ
easat-9712	56	31	resilience	resilience	NOUN
easat-9712	56	32	through	through	ADP
easat-9712	56	33	structural	structural	ADJ
easat-9712	56	34	reforms	reform	NOUN
easat-9712	56	35	and	and	CCONJ
easat-9712	56	36	diversification	diversification	NOUN
easat-9712	56	37	strategies	strategy	NOUN
easat-9712	56	38	[	[	X
easat-9712	56	39	5	5	NUM
easat-9712	56	40	]	]	PUNCT
easat-9712	56	41	.	.	PUNCT
easat-9712	57	1	3	3	X
easat-9712	57	2	.	.	X
easat-9712	57	3	materials	material	NOUN
easat-9712	57	4	and	and	CCONJ
easat-9712	57	5	methods	method	NOUN
easat-9712	57	6	this	this	DET
easat-9712	57	7	study	study	NOUN
easat-9712	57	8	builds	build	VERB
easat-9712	57	9	on	on	ADP
easat-9712	57	10	the	the	DET
easat-9712	57	11	framework	framework	NOUN
easat-9712	57	12	developed	develop	VERB
easat-9712	57	13	by	by	ADP
easat-9712	57	14	beck	beck	PROPN
easat-9712	57	15	and	and	CCONJ
easat-9712	57	16	levine	levine	PROPN
easat-9712	58	1	[	[	X
easat-9712	58	2	2	2	NUM
easat-9712	58	3	]	]	PUNCT
easat-9712	58	4	which	which	PRON
easat-9712	58	5	highlights	highlight	VERB
easat-9712	58	6	the	the	DET
easat-9712	58	7	importance	importance	NOUN
easat-9712	58	8	of	of	ADP
easat-9712	58	9	the	the	DET
easat-9712	58	10	joint	joint	ADJ
easat-9712	58	11	effect	effect	NOUN
easat-9712	58	12	of	of	ADP
easat-9712	58	13	financial	financial	ADJ
easat-9712	58	14	institution	institution	NOUN
easat-9712	58	15	development	development	NOUN
easat-9712	58	16	and	and	CCONJ
easat-9712	58	17	financial	financial	ADJ
easat-9712	58	18	market	market	NOUN
easat-9712	58	19	development	development	NOUN
easat-9712	58	20	for	for	ADP
easat-9712	58	21	understanding	understand	VERB
easat-9712	58	22	financial	financial	ADJ
easat-9712	58	23	development	development	NOUN
easat-9712	58	24	’s	’s	PART
easat-9712	58	25	impact	impact	NOUN
easat-9712	58	26	on	on	ADP
easat-9712	58	27	economic	economic	ADJ
easat-9712	58	28	growth	growth	NOUN
easat-9712	58	29	.	.	PUNCT
easat-9712	59	1	by	by	ADP
easat-9712	59	2	incorporating	incorporate	VERB
easat-9712	59	3	an	an	DET
easat-9712	59	4	interaction	interaction	NOUN
easat-9712	59	5	term	term	NOUN
easat-9712	59	6	between	between	ADP
easat-9712	59	7	these	these	DET
easat-9712	59	8	two	two	NUM
easat-9712	59	9	components	component	NOUN
easat-9712	59	10	,	,	PUNCT
easat-9712	59	11	the	the	DET
easat-9712	59	12	model	model	NOUN
easat-9712	59	13	captures	capture	VERB
easat-9712	59	14	potential	potential	ADJ
easat-9712	59	15	synergies	synergy	NOUN
easat-9712	59	16	that	that	PRON
easat-9712	59	17	might	might	AUX
easat-9712	59	18	be	be	AUX
easat-9712	59	19	overlooked	overlook	VERB
easat-9712	59	20	when	when	SCONJ
easat-9712	59	21	considering	consider	VERB
easat-9712	59	22	each	each	DET
easat-9712	59	23	separately	separately	ADV
easat-9712	59	24	,	,	PUNCT
easat-9712	59	25	a	a	DET
easat-9712	59	26	particularly	particularly	ADV
easat-9712	59	27	relevant	relevant	ADJ
easat-9712	59	28	approach	approach	NOUN
easat-9712	59	29	in	in	ADP
easat-9712	59	30	emerging	emerge	VERB
easat-9712	59	31	regions	region	NOUN
easat-9712	59	32	such	such	ADJ
easat-9712	59	33	as	as	ADP
easat-9712	59	34	the	the	DET
easat-9712	59	35	mena	mena	PROPN
easat-9712	59	36	countries	countries	PROPN
easat-9712	59	37	.	.	PUNCT
easat-9712	60	1	3.1	3.1	NUM
easat-9712	60	2	.	.	PUNCT
easat-9712	60	3	model	model	NOUN
easat-9712	60	4	specification	specification	NOUN
easat-9712	60	5	the	the	DET
easat-9712	60	6	model	model	NOUN
easat-9712	60	7	is	be	AUX
easat-9712	60	8	specified	specify	VERB
easat-9712	60	9	as	as	SCONJ
easat-9712	60	10	follows	follow	VERB
easat-9712	60	11	:	:	PUNCT
easat-9712	60	12	gdp	gdp	NOUN
easat-9712	60	13	=	=	PROPN
easat-9712	60	14	f	f	PROPN
easat-9712	60	15	(	(	PUNCT
easat-9712	60	16	inter	inter	PROPN
easat-9712	60	17	,	,	PUNCT
easat-9712	60	18	tr	tr	VERB
easat-9712	60	19	,	,	PUNCT
easat-9712	60	20	fdi	fdi	NOUN
easat-9712	60	21	,	,	PUNCT
easat-9712	60	22	govex	govex	NOUN
easat-9712	60	23	)	)	PUNCT
easat-9712	60	24	(	(	PUNCT
easat-9712	60	25	1	1	X
easat-9712	60	26	)	)	PUNCT
easat-9712	60	27	lngdppcit	lngdppcit	NOUN
easat-9712	60	28	=	=	SYM
easat-9712	60	29	α+β1interit+β2trit+β3govexit+β4fdiit+	α+β1interit+β2trit+β3govexit+β4fdiit+	X
easat-9712	60	30	εit	εit	NOUN
easat-9712	60	31	(	(	PUNCT
easat-9712	60	32	2	2	NUM
easat-9712	60	33	)	)	PUNCT
easat-9712	60	34	the	the	DET
easat-9712	60	35	equation	equation	NOUN
easat-9712	60	36	above	above	ADV
easat-9712	60	37	describes	describe	VERB
easat-9712	60	38	the	the	DET
easat-9712	60	39	dependent	dependent	ADJ
easat-9712	60	40	variable	variable	NOUN
easat-9712	60	41	,	,	PUNCT
easat-9712	60	42	independent	independent	ADJ
easat-9712	60	43	variable	variable	NOUN
easat-9712	60	44	,	,	PUNCT
easat-9712	60	45	and	and	CCONJ
easat-9712	60	46	control	control	NOUN
easat-9712	60	47	variables	variable	NOUN
easat-9712	60	48	.	.	PUNCT
easat-9712	61	1	gdppc	gdppc	PROPN
easat-9712	61	2	is	be	AUX
easat-9712	61	3	the	the	DET
easat-9712	61	4	gross	gross	ADJ
easat-9712	61	5	domestic	domestic	ADJ
easat-9712	61	6	product	product	NOUN
easat-9712	61	7	per	per	ADP
easat-9712	61	8	capita	capita	NOUN
easat-9712	61	9	,	,	PUNCT
easat-9712	61	10	dependent	dependent	ADJ
easat-9712	61	11	variable	variable	NOUN
easat-9712	61	12	,	,	PUNCT
easat-9712	61	13	expressed	express	VERB
easat-9712	61	14	in	in	ADP
easat-9712	61	15	percentage	percentage	NOUN
easat-9712	61	16	,	,	PUNCT
easat-9712	61	17	and	and	CCONJ
easat-9712	61	18	considered	consider	VERB
easat-9712	61	19	as	as	ADP
easat-9712	61	20	a	a	DET
easat-9712	61	21	proxy	proxy	NOUN
easat-9712	61	22	of	of	ADP
easat-9712	61	23	economic	economic	ADJ
easat-9712	61	24	growth	growth	NOUN
easat-9712	61	25	.	.	PUNCT
easat-9712	62	1	the	the	DET
easat-9712	62	2	independent	independent	ADJ
easat-9712	62	3	variable	variable	NOUN
easat-9712	62	4	is	be	AUX
easat-9712	62	5	the	the	DET
easat-9712	62	6	interaction	interaction	NOUN
easat-9712	62	7	term	term	NOUN
easat-9712	62	8	between	between	ADP
easat-9712	62	9	financial	financial	ADJ
easat-9712	62	10	institution	institution	NOUN
easat-9712	62	11	development	development	NOUN
easat-9712	62	12	(	(	PUNCT
easat-9712	62	13	fid	fid	NOUN
easat-9712	62	14	)	)	PUNCT
easat-9712	62	15	and	and	CCONJ
easat-9712	62	16	financial	financial	ADJ
easat-9712	62	17	market	market	NOUN
easat-9712	62	18	development	development	NOUN
easat-9712	62	19	(	(	PUNCT
easat-9712	62	20	fmd	fmd	NOUN
easat-9712	62	21	)	)	PUNCT
easat-9712	62	22	affecting	affect	VERB
easat-9712	62	23	economic	economic	ADJ
easat-9712	62	24	growth	growth	NOUN
easat-9712	62	25	(	(	PUNCT
easat-9712	62	26	measured	measure	VERB
easat-9712	62	27	by	by	ADP
easat-9712	62	28	log	log	PROPN
easat-9712	62	29	gdp	gdp	NOUN
easat-9712	62	30	per	per	ADP
easat-9712	62	31	capita	capita	NOUN
easat-9712	62	32	)	)	PUNCT
easat-9712	62	33	,	,	PUNCT
easat-9712	62	34	and	and	CCONJ
easat-9712	62	35	the	the	DET
easat-9712	62	36	control	control	NOUN
easat-9712	62	37	variables	variable	NOUN
easat-9712	62	38	are	be	AUX
easat-9712	62	39	the	the	DET
easat-9712	62	40	foreign	foreign	ADJ
easat-9712	62	41	direct	direct	ADJ
easat-9712	62	42	investment	investment	NOUN
easat-9712	62	43	(	(	PUNCT
easat-9712	62	44	fdi	fdi	NOUN
easat-9712	62	45	)	)	PUNCT
easat-9712	62	46	(	(	PUNCT
easat-9712	62	47	expressed	express	VERB
easat-9712	62	48	in	in	ADP
easat-9712	62	49	percentage	percentage	NOUN
easat-9712	62	50	)	)	PUNCT
easat-9712	62	51	,	,	PUNCT
easat-9712	62	52	trade	trade	NOUN
easat-9712	62	53	(	(	PUNCT
easat-9712	62	54	tr	tr	VERB
easat-9712	62	55	)	)	PUNCT
easat-9712	62	56	expressed	express	VERB
easat-9712	62	57	in	in	ADP
easat-9712	62	58	percentage	percentage	NOUN
easat-9712	62	59	,	,	PUNCT
easat-9712	62	60	and	and	CCONJ
easat-9712	62	61	government	government	NOUN
easat-9712	62	62	expenditure	expenditure	NOUN
easat-9712	62	63	(	(	PUNCT
easat-9712	62	64	govex	govex	NOUN
easat-9712	62	65	)	)	PUNCT
easat-9712	62	66	expressed	express	VERB
easat-9712	62	67	in	in	ADP
easat-9712	62	68	percentage	percentage	NOUN
easat-9712	62	69	.	.	PUNCT
easat-9712	63	1	financial	financial	ADJ
easat-9712	63	2	market	market	NOUN
easat-9712	63	3	development	development	NOUN
easat-9712	63	4	is	be	AUX
easat-9712	63	5	typically	typically	ADV
easat-9712	63	6	assessed	assess	VERB
easat-9712	63	7	through	through	ADP
easat-9712	63	8	indicators	indicator	NOUN
easat-9712	63	9	reflecting	reflect	VERB
easat-9712	63	10	the	the	DET
easat-9712	63	11	size	size	NOUN
easat-9712	63	12	and	and	CCONJ
easat-9712	63	13	activity	activity	NOUN
easat-9712	63	14	of	of	ADP
easat-9712	63	15	capital	capital	NOUN
easat-9712	63	16	markets	market	NOUN
easat-9712	63	17	as	as	ADV
easat-9712	63	18	well	well	ADV
easat-9712	63	19	as	as	ADP
easat-9712	63	20	the	the	DET
easat-9712	63	21	performance	performance	NOUN
easat-9712	63	22	of	of	ADP
easat-9712	63	23	the	the	DET
easat-9712	63	24	banking	banking	NOUN
easat-9712	63	25	sector	sector	NOUN
easat-9712	63	26	,	,	PUNCT
easat-9712	63	27	which	which	PRON
easat-9712	63	28	together	together	ADV
easat-9712	63	29	capture	capture	VERB
easat-9712	63	30	the	the	DET
easat-9712	63	31	breadth	breadth	NOUN
easat-9712	63	32	and	and	CCONJ
easat-9712	63	33	liquidity	liquidity	NOUN
easat-9712	63	34	of	of	ADP
easat-9712	63	35	market	market	NOUN
easat-9712	63	36	-	-	PUNCT
easat-9712	63	37	based	base	VERB
easat-9712	63	38	financing	financing	NOUN
easat-9712	63	39	channels	channel	NOUN
easat-9712	63	40	[	[	X
easat-9712	63	41	3	3	NUM
easat-9712	63	42	]	]	PUNCT
easat-9712	63	43	.	.	PUNCT
easat-9712	64	1	in	in	ADP
easat-9712	64	2	contrast	contrast	NOUN
easat-9712	64	3	,	,	PUNCT
easat-9712	64	4	financial	financial	ADJ
easat-9712	64	5	institution	institution	NOUN
easat-9712	64	6	development	development	NOUN
easat-9712	64	7	is	be	AUX
easat-9712	64	8	often	often	ADV
easat-9712	64	9	evaluated	evaluate	VERB
easat-9712	64	10	using	use	VERB
easat-9712	64	11	multidimensional	multidimensional	ADJ
easat-9712	64	12	measures	measure	NOUN
easat-9712	64	13	such	such	ADJ
easat-9712	64	14	as	as	ADP
easat-9712	64	15	stability	stability	NOUN
easat-9712	64	16	,	,	PUNCT
easat-9712	64	17	depth	depth	NOUN
easat-9712	64	18	,	,	PUNCT
easat-9712	64	19	efficiency	efficiency	NOUN
easat-9712	64	20	,	,	PUNCT
easat-9712	64	21	and	and	CCONJ
easat-9712	64	22	access	access	NOUN
easat-9712	64	23	,	,	PUNCT
easat-9712	64	24	which	which	PRON
easat-9712	64	25	collectively	collectively	ADV
easat-9712	64	26	reflect	reflect	VERB
easat-9712	64	27	the	the	DET
easat-9712	64	28	ability	ability	NOUN
easat-9712	64	29	of	of	ADP
easat-9712	64	30	financial	financial	ADJ
easat-9712	64	31	intermediaries	intermediary	NOUN
easat-9712	64	32	to	to	PART
easat-9712	64	33	mobilize	mobilize	VERB
easat-9712	64	34	savings	saving	NOUN
easat-9712	64	35	,	,	PUNCT
easat-9712	64	36	allocate	allocate	ADJ
easat-9712	64	37	capital	capital	NOUN
easat-9712	64	38	,	,	PUNCT
easat-9712	64	39	and	and	CCONJ
easat-9712	64	40	provide	provide	VERB
easat-9712	64	41	inclusive	inclusive	ADJ
easat-9712	64	42	services	service	NOUN
easat-9712	64	43	[	[	X
easat-9712	64	44	4	4	NUM
easat-9712	64	45	]	]	PUNCT
easat-9712	64	46	.	.	PUNCT
easat-9712	65	1	1845	1845	NUM
easat-9712	65	2	edelweiss	edelweiss	PROPN
easat-9712	65	3	applied	apply	VERB
easat-9712	65	4	science	science	NOUN
easat-9712	65	5	and	and	CCONJ
easat-9712	65	6	technology	technology	NOUN
easat-9712	65	7	issn	issn	PROPN
easat-9712	65	8	:	:	PUNCT
easat-9712	65	9	2576	2576	NUM
easat-9712	65	10	-	-	SYM
easat-9712	65	11	8484	8484	NUM
easat-9712	65	12	vol	vol	NOUN
easat-9712	65	13	.	.	PROPN
easat-9712	66	1	9	9	NUM
easat-9712	66	2	,	,	PUNCT
easat-9712	66	3	no	no	INTJ
easat-9712	66	4	.	.	NOUN
easat-9712	66	5	8	8	NUM
easat-9712	66	6	:	:	SYM
easat-9712	66	7	1842	1842	NUM
easat-9712	66	8	-	-	SYM
easat-9712	66	9	1850	1850	NUM
easat-9712	66	10	,	,	PUNCT
easat-9712	66	11	2025	2025	NUM
easat-9712	66	12	doi	doi	NOUN
easat-9712	66	13	:	:	PUNCT
easat-9712	66	14	10.55214/2576	10.55214/2576	NUM
easat-9712	66	15	-	-	SYM
easat-9712	66	16	8484.v9i8.9712	8484.v9i8.9712	NUM
easat-9712	66	17	©	©	PROPN
easat-9712	66	18	2025	2025	NUM
easat-9712	66	19	by	by	ADP
easat-9712	66	20	the	the	DET
easat-9712	66	21	authors	author	NOUN
easat-9712	66	22	;	;	PUNCT
easat-9712	66	23	licensee	licensee	PROPN
easat-9712	66	24	learning	learning	NOUN
easat-9712	66	25	gate	gate	NOUN
easat-9712	66	26	3.2	3.2	NUM
easat-9712	66	27	.	.	PUNCT
easat-9712	67	1	estimation	estimation	NOUN
easat-9712	67	2	methods	method	NOUN
easat-9712	67	3	to	to	PART
easat-9712	67	4	address	address	VERB
easat-9712	67	5	potential	potential	ADJ
easat-9712	67	6	non	non	ADJ
easat-9712	67	7	-	-	ADJ
easat-9712	67	8	normality	normality	ADJ
easat-9712	67	9	and	and	CCONJ
easat-9712	67	10	heteroscedasticity	heteroscedasticity	NOUN
easat-9712	67	11	,	,	PUNCT
easat-9712	67	12	all	all	DET
easat-9712	67	13	variables	variable	NOUN
easat-9712	67	14	are	be	AUX
easat-9712	67	15	transformed	transform	VERB
easat-9712	67	16	logarithmically	logarithmically	ADV
easat-9712	67	17	where	where	SCONJ
easat-9712	67	18	appropriate	appropriate	ADJ
easat-9712	67	19	to	to	PART
easat-9712	67	20	stabilize	stabilize	VERB
easat-9712	67	21	variance	variance	NOUN
easat-9712	67	22	and	and	CCONJ
easat-9712	67	23	reduce	reduce	VERB
easat-9712	67	24	skewness	skewness	NOUN
easat-9712	67	25	[	[	X
easat-9712	67	26	24	24	NUM
easat-9712	67	27	]	]	PUNCT
easat-9712	67	28	.	.	PUNCT
easat-9712	68	1	initial	initial	ADJ
easat-9712	68	2	analysis	analysis	NOUN
easat-9712	68	3	uses	use	VERB
easat-9712	68	4	the	the	DET
easat-9712	68	5	pooled	pooled	ADJ
easat-9712	68	6	ordinary	ordinary	ADJ
easat-9712	68	7	least	least	ADJ
easat-9712	68	8	squares	square	NOUN
easat-9712	68	9	(	(	PUNCT
easat-9712	68	10	pols	pol	NOUN
easat-9712	68	11	)	)	PUNCT
easat-9712	68	12	approach	approach	NOUN
easat-9712	68	13	,	,	PUNCT
easat-9712	68	14	which	which	PRON
easat-9712	68	15	pools	pool	VERB
easat-9712	68	16	cross	cross	ADJ
easat-9712	68	17	-	-	ADJ
easat-9712	68	18	sectional	sectional	ADJ
easat-9712	68	19	and	and	CCONJ
easat-9712	68	20	time	time	NOUN
easat-9712	68	21	-	-	PUNCT
easat-9712	68	22	series	series	NOUN
easat-9712	68	23	data	datum	NOUN
easat-9712	68	24	but	but	CCONJ
easat-9712	68	25	assumes	assume	VERB
easat-9712	68	26	homogeneity	homogeneity	NOUN
easat-9712	68	27	across	across	ADP
easat-9712	68	28	entities	entity	NOUN
easat-9712	68	29	.	.	PUNCT
easat-9712	69	1	to	to	PART
easat-9712	69	2	control	control	VERB
easat-9712	69	3	for	for	ADP
easat-9712	69	4	unobserved	unobserved	ADJ
easat-9712	69	5	heterogeneity	heterogeneity	NOUN
easat-9712	69	6	,	,	PUNCT
easat-9712	69	7	fixed	fix	VERB
easat-9712	69	8	effects	effect	NOUN
easat-9712	69	9	(	(	PUNCT
easat-9712	69	10	fe	fe	NOUN
easat-9712	69	11	)	)	PUNCT
easat-9712	69	12	and	and	CCONJ
easat-9712	69	13	random	random	ADJ
easat-9712	69	14	effects	effect	NOUN
easat-9712	69	15	(	(	PUNCT
easat-9712	69	16	re	re	NOUN
easat-9712	69	17	)	)	PUNCT
easat-9712	69	18	models	model	NOUN
easat-9712	69	19	are	be	AUX
easat-9712	69	20	also	also	ADV
easat-9712	69	21	estimated	estimate	VERB
easat-9712	69	22	.	.	PUNCT
easat-9712	70	1	the	the	DET
easat-9712	70	2	fe	fe	PROPN
easat-9712	70	3	model	model	NOUN
easat-9712	70	4	accounts	account	VERB
easat-9712	70	5	for	for	ADP
easat-9712	70	6	time	time	NOUN
easat-9712	70	7	-	-	PUNCT
easat-9712	70	8	invariant	invariant	ADJ
easat-9712	70	9	country	country	NOUN
easat-9712	70	10	-	-	PUNCT
easat-9712	70	11	specific	specific	ADJ
easat-9712	70	12	effects	effect	NOUN
easat-9712	70	13	by	by	ADP
easat-9712	70	14	allowing	allow	VERB
easat-9712	70	15	intercepts	intercept	NOUN
easat-9712	70	16	to	to	PART
easat-9712	70	17	vary	vary	VERB
easat-9712	70	18	,	,	PUNCT
easat-9712	70	19	isolating	isolate	VERB
easat-9712	70	20	the	the	DET
easat-9712	70	21	influence	influence	NOUN
easat-9712	70	22	of	of	ADP
easat-9712	70	23	time	time	NOUN
easat-9712	70	24	-	-	PUNCT
easat-9712	70	25	varying	vary	VERB
easat-9712	70	26	regressors	regressor	NOUN
easat-9712	70	27	[	[	X
easat-9712	70	28	25	25	NUM
easat-9712	70	29	]	]	PUNCT
easat-9712	70	30	.	.	PUNCT
easat-9712	71	1	driscoll	driscoll	NOUN
easat-9712	71	2	-	-	PUNCT
easat-9712	71	3	kraay	kraay	PROPN
easat-9712	71	4	standard	standard	ADJ
easat-9712	71	5	errors	error	NOUN
easat-9712	71	6	are	be	AUX
easat-9712	71	7	applied	apply	VERB
easat-9712	71	8	to	to	PART
easat-9712	71	9	correct	correct	VERB
easat-9712	71	10	for	for	ADP
easat-9712	71	11	cross	cross	ADJ
easat-9712	71	12	-	-	ADJ
easat-9712	71	13	sectional	sectional	ADJ
easat-9712	71	14	dependence	dependence	NOUN
easat-9712	71	15	,	,	PUNCT
easat-9712	71	16	heteroskedasticity	heteroskedasticity	NOUN
easat-9712	71	17	,	,	PUNCT
easat-9712	71	18	and	and	CCONJ
easat-9712	71	19	serial	serial	ADJ
easat-9712	71	20	correlation	correlation	NOUN
easat-9712	71	21	,	,	PUNCT
easat-9712	71	22	ensuring	ensure	VERB
easat-9712	71	23	robust	robust	ADJ
easat-9712	71	24	inference	inference	NOUN
easat-9712	71	25	in	in	ADP
easat-9712	71	26	the	the	DET
easat-9712	71	27	panel	panel	NOUN
easat-9712	71	28	data	datum	NOUN
easat-9712	71	29	context	context	NOUN
easat-9712	72	1	[	[	X
easat-9712	72	2	26	26	NUM
easat-9712	72	3	]	]	PUNCT
easat-9712	72	4	.	.	PUNCT
easat-9712	73	1	4	4	X
easat-9712	73	2	.	.	X
easat-9712	73	3	results	result	VERB
easat-9712	73	4	this	this	DET
easat-9712	73	5	section	section	NOUN
easat-9712	73	6	contains	contain	VERB
easat-9712	73	7	the	the	DET
easat-9712	73	8	results	result	NOUN
easat-9712	73	9	of	of	ADP
easat-9712	73	10	the	the	DET
easat-9712	73	11	analysis	analysis	NOUN
easat-9712	73	12	composed	compose	VERB
easat-9712	73	13	of	of	ADP
easat-9712	73	14	descriptive	descriptive	ADJ
easat-9712	73	15	statistics	statistic	NOUN
easat-9712	73	16	,	,	PUNCT
easat-9712	73	17	correlation	correlation	NOUN
easat-9712	73	18	matrix	matrix	NOUN
easat-9712	73	19	,	,	PUNCT
easat-9712	73	20	estimation	estimation	NOUN
easat-9712	73	21	models	model	NOUN
easat-9712	73	22	,	,	PUNCT
easat-9712	73	23	and	and	CCONJ
easat-9712	73	24	diagnostic	diagnostic	ADJ
easat-9712	73	25	tests	test	NOUN
easat-9712	73	26	.	.	PUNCT
easat-9712	74	1	4.1	4.1	NUM
easat-9712	74	2	.	.	PUNCT
easat-9712	74	3	descriptive	descriptive	ADJ
easat-9712	74	4	statistics	statistic	NOUN
easat-9712	75	1	this	this	DET
easat-9712	75	2	metric	metric	ADJ
easat-9712	75	3	summarizes	summarize	NOUN
easat-9712	75	4	the	the	DET
easat-9712	75	5	data	datum	NOUN
easat-9712	75	6	,	,	PUNCT
easat-9712	75	7	represented	represent	VERB
easat-9712	75	8	in	in	ADP
easat-9712	75	9	mean	mean	ADJ
easat-9712	75	10	,	,	PUNCT
easat-9712	75	11	standard	standard	ADJ
easat-9712	75	12	deviation	deviation	NOUN
easat-9712	75	13	,	,	PUNCT
easat-9712	75	14	minimum	minimum	NOUN
easat-9712	75	15	,	,	PUNCT
easat-9712	75	16	and	and	CCONJ
easat-9712	75	17	maximum	maximum	ADJ
easat-9712	75	18	value	value	NOUN
easat-9712	75	19	[	[	X
easat-9712	75	20	27	27	NUM
easat-9712	75	21	]	]	PUNCT
easat-9712	75	22	.	.	PUNCT
easat-9712	76	1	table	table	NOUN
easat-9712	76	2	1	1	NUM
easat-9712	76	3	.	.	PUNCT
easat-9712	76	4	descriptive	descriptive	ADJ
easat-9712	76	5	statistics	statistic	NOUN
easat-9712	76	6	.	.	PUNCT
easat-9712	77	1	variables	variable	NOUN
easat-9712	77	2	mean	mean	VERB
easat-9712	77	3	sd	sd	ADP
easat-9712	77	4	minimum	minimum	ADJ
easat-9712	77	5	maximum	maximum	ADJ
easat-9712	77	6	gdppc	gdppc	NOUN
easat-9712	77	7	19465.294	19465.294	NUM
easat-9712	77	8	18904.061	18904.061	NUM
easat-9712	77	9	1680.71	1680.71	NUM
easat-9712	77	10	81608.572	81608.572	NUM
easat-9712	77	11	trade	trade	NOUN
easat-9712	77	12	88.475	88.475	NUM
easat-9712	77	13	34.266	34.266	NUM
easat-9712	77	14	29.857	29.857	NUM
easat-9712	77	15	202.333	202.333	NUM
easat-9712	77	16	govex	govex	NOUN
easat-9712	77	17	17.575	17.575	NUM
easat-9712	77	18	6.632	6.632	NUM
easat-9712	77	19	2.36	2.36	NUM
easat-9712	77	20	76.222	76.222	NUM
easat-9712	77	21	fdi	fdi	NOUN
easat-9712	77	22	2.722	2.722	NUM
easat-9712	77	23	3.595	3.595	NUM
easat-9712	77	24	-4.651	-4.651	NUM
easat-9712	77	25	29.52	29.52	NUM
easat-9712	77	26	inter	inter	NOUN
easat-9712	77	27	0.126	0.126	NUM
easat-9712	77	28	0.079	0.079	NUM
easat-9712	77	29	0.010	0.010	NUM
easat-9712	77	30	0.321	0.321	NUM
easat-9712	77	31	source	source	NOUN
easat-9712	77	32	:	:	PUNCT
easat-9712	77	33	author	author	NOUN
easat-9712	77	34	’s	’s	PART
easat-9712	77	35	calculation	calculation	NOUN
easat-9712	77	36	using	use	VERB
easat-9712	77	37	stata	stata	NOUN
easat-9712	77	38	.	.	PUNCT
easat-9712	78	1	the	the	DET
easat-9712	78	2	descriptive	descriptive	ADJ
easat-9712	78	3	statistics	statistic	NOUN
easat-9712	78	4	shown	show	VERB
easat-9712	78	5	in	in	ADP
easat-9712	78	6	table	table	NOUN
easat-9712	78	7	i	i	PRON
easat-9712	78	8	above	above	ADV
easat-9712	78	9	indicate	indicate	VERB
easat-9712	78	10	that	that	SCONJ
easat-9712	78	11	the	the	DET
easat-9712	78	12	mean	mean	NOUN
easat-9712	78	13	of	of	ADP
easat-9712	78	14	gdppc	gdppc	NOUN
easat-9712	78	15	per	per	ADP
easat-9712	78	16	capita	capita	NOUN
easat-9712	78	17	is	be	AUX
easat-9712	78	18	194965.294	194965.294	NUM
easat-9712	78	19	,	,	PUNCT
easat-9712	78	20	which	which	PRON
easat-9712	78	21	is	be	AUX
easat-9712	78	22	higher	high	ADJ
easat-9712	78	23	than	than	ADP
easat-9712	78	24	its	its	PRON
easat-9712	78	25	standard	standard	ADJ
easat-9712	78	26	deviation	deviation	NOUN
easat-9712	78	27	(	(	PUNCT
easat-9712	78	28	18904.061	18904.061	NUM
easat-9712	78	29	)	)	PUNCT
easat-9712	78	30	.	.	PUNCT
easat-9712	79	1	this	this	PRON
easat-9712	79	2	indicates	indicate	VERB
easat-9712	79	3	that	that	SCONJ
easat-9712	79	4	the	the	DET
easat-9712	79	5	data	data	NOUN
easat-9712	79	6	is	be	AUX
easat-9712	79	7	clustered	cluster	VERB
easat-9712	79	8	around	around	ADP
easat-9712	79	9	the	the	DET
easat-9712	79	10	mean	mean	ADJ
easat-9712	79	11	and	and	CCONJ
easat-9712	79	12	reliable	reliable	ADJ
easat-9712	79	13	.	.	PUNCT
easat-9712	80	1	trade	trade	NOUN
easat-9712	80	2	openness	openness	NOUN
easat-9712	80	3	(	(	PUNCT
easat-9712	80	4	trade	trade	NOUN
easat-9712	80	5	)	)	PUNCT
easat-9712	80	6	is	be	AUX
easat-9712	80	7	relatively	relatively	ADV
easat-9712	80	8	high	high	ADJ
easat-9712	80	9	,	,	PUNCT
easat-9712	80	10	averaging	average	VERB
easat-9712	80	11	88.48	88.48	NUM
easat-9712	80	12	%	%	NOUN
easat-9712	80	13	of	of	ADP
easat-9712	80	14	gdp	gdp	NOUN
easat-9712	80	15	,	,	PUNCT
easat-9712	80	16	but	but	CCONJ
easat-9712	80	17	also	also	ADV
easat-9712	80	18	shows	show	VERB
easat-9712	80	19	wide	wide	ADJ
easat-9712	80	20	dispersion	dispersion	NOUN
easat-9712	80	21	(	(	PUNCT
easat-9712	80	22	sd	sd	NOUN
easat-9712	80	23	=	=	SYM
easat-9712	80	24	34.27	34.27	NUM
easat-9712	80	25	)	)	PUNCT
easat-9712	80	26	,	,	PUNCT
easat-9712	80	27	with	with	ADP
easat-9712	80	28	values	value	NOUN
easat-9712	80	29	ranging	range	VERB
easat-9712	80	30	from	from	ADP
easat-9712	80	31	29.86	29.86	NUM
easat-9712	80	32	%	%	NOUN
easat-9712	80	33	to	to	ADP
easat-9712	80	34	202.33	202.33	NUM
easat-9712	80	35	%	%	NOUN
easat-9712	80	36	,	,	PUNCT
easat-9712	80	37	reflecting	reflect	VERB
easat-9712	80	38	differing	differ	VERB
easat-9712	80	39	levels	level	NOUN
easat-9712	80	40	of	of	ADP
easat-9712	80	41	global	global	ADJ
easat-9712	80	42	economic	economic	ADJ
easat-9712	80	43	integration	integration	NOUN
easat-9712	80	44	.	.	PUNCT
easat-9712	81	1	government	government	NOUN
easat-9712	81	2	expenditure	expenditure	NOUN
easat-9712	81	3	(	(	PUNCT
easat-9712	81	4	govex	govex	NOUN
easat-9712	81	5	)	)	PUNCT
easat-9712	81	6	averages	average	VERB
easat-9712	81	7	17.58	17.58	NUM
easat-9712	81	8	%	%	NOUN
easat-9712	81	9	of	of	ADP
easat-9712	81	10	gdp	gdp	NOUN
easat-9712	81	11	,	,	PUNCT
easat-9712	81	12	with	with	ADP
easat-9712	81	13	a	a	DET
easat-9712	81	14	wide	wide	ADJ
easat-9712	81	15	range	range	NOUN
easat-9712	81	16	(	(	PUNCT
easat-9712	81	17	2.36	2.36	NUM
easat-9712	81	18	%	%	NOUN
easat-9712	81	19	to	to	ADP
easat-9712	81	20	76.22	76.22	NUM
easat-9712	81	21	%	%	NOUN
easat-9712	81	22	)	)	PUNCT
easat-9712	81	23	and	and	CCONJ
easat-9712	81	24	a	a	DET
easat-9712	81	25	standard	standard	ADJ
easat-9712	81	26	deviation	deviation	NOUN
easat-9712	81	27	of	of	ADP
easat-9712	81	28	6.63	6.63	NUM
easat-9712	81	29	,	,	PUNCT
easat-9712	81	30	indicating	indicate	VERB
easat-9712	81	31	substantial	substantial	ADJ
easat-9712	81	32	heterogeneity	heterogeneity	NOUN
easat-9712	81	33	in	in	ADP
easat-9712	81	34	fiscal	fiscal	ADJ
easat-9712	81	35	policy	policy	NOUN
easat-9712	81	36	.	.	PUNCT
easat-9712	82	1	foreign	foreign	ADJ
easat-9712	82	2	direct	direct	ADJ
easat-9712	82	3	investment	investment	NOUN
easat-9712	82	4	(	(	PUNCT
easat-9712	82	5	fdi	fdi	NOUN
easat-9712	82	6	)	)	PUNCT
easat-9712	82	7	averages	average	VERB
easat-9712	82	8	2.72	2.72	NUM
easat-9712	82	9	%	%	NOUN
easat-9712	82	10	of	of	ADP
easat-9712	82	11	gdp	gdp	NOUN
easat-9712	82	12	,	,	PUNCT
easat-9712	82	13	but	but	CCONJ
easat-9712	82	14	spans	span	NOUN
easat-9712	82	15	from	from	ADP
easat-9712	82	16	-4.65	-4.65	NUM
easat-9712	82	17	%	%	NOUN
easat-9712	82	18	to	to	ADP
easat-9712	82	19	29.52	29.52	NUM
easat-9712	82	20	%	%	NOUN
easat-9712	82	21	,	,	PUNCT
easat-9712	82	22	with	with	ADP
easat-9712	82	23	a	a	DET
easat-9712	82	24	standard	standard	ADJ
easat-9712	82	25	deviation	deviation	NOUN
easat-9712	82	26	of	of	ADP
easat-9712	82	27	3.60	3.60	NUM
easat-9712	82	28	,	,	PUNCT
easat-9712	82	29	revealing	reveal	VERB
easat-9712	82	30	both	both	CCONJ
easat-9712	82	31	inflows	inflow	NOUN
easat-9712	82	32	and	and	CCONJ
easat-9712	82	33	net	net	ADJ
easat-9712	82	34	disinvestment	disinvestment	NOUN
easat-9712	82	35	in	in	ADP
easat-9712	82	36	some	some	DET
easat-9712	82	37	countries	country	NOUN
easat-9712	82	38	.	.	PUNCT
easat-9712	83	1	in	in	ADP
easat-9712	83	2	addition	addition	NOUN
easat-9712	83	3	,	,	PUNCT
easat-9712	83	4	the	the	DET
easat-9712	83	5	interaction	interaction	NOUN
easat-9712	83	6	term	term	NOUN
easat-9712	83	7	between	between	ADP
easat-9712	83	8	the	the	DET
easat-9712	83	9	financial	financial	ADJ
easat-9712	83	10	market	market	NOUN
easat-9712	83	11	development	development	NOUN
easat-9712	83	12	(	(	PUNCT
easat-9712	83	13	fmd	fmd	NOUN
easat-9712	83	14	)	)	PUNCT
easat-9712	83	15	and	and	CCONJ
easat-9712	83	16	financial	financial	ADJ
easat-9712	83	17	institutions	institution	NOUN
easat-9712	83	18	development	development	NOUN
easat-9712	83	19	(	(	PUNCT
easat-9712	83	20	fid	fid	NOUN
easat-9712	83	21	)	)	PUNCT
easat-9712	83	22	show	show	VERB
easat-9712	83	23	relatively	relatively	ADV
easat-9712	83	24	low	low	ADJ
easat-9712	83	25	average	average	ADJ
easat-9712	83	26	values	value	NOUN
easat-9712	83	27	of	of	ADP
easat-9712	83	28	0.126	0.126	NUM
easat-9712	83	29	,	,	PUNCT
easat-9712	83	30	suggesting	suggest	VERB
easat-9712	83	31	moderate	moderate	ADJ
easat-9712	83	32	financial	financial	ADJ
easat-9712	83	33	development	development	NOUN
easat-9712	83	34	across	across	ADP
easat-9712	83	35	countries	country	NOUN
easat-9712	83	36	.	.	PUNCT
easat-9712	84	1	however	however	ADV
easat-9712	84	2	,	,	PUNCT
easat-9712	84	3	it	it	PRON
easat-9712	84	4	displays	display	VERB
easat-9712	84	5	a	a	DET
easat-9712	84	6	moderate	moderate	ADJ
easat-9712	84	7	standard	standard	ADJ
easat-9712	84	8	error	error	NOUN
easat-9712	84	9	value	value	NOUN
easat-9712	84	10	(	(	PUNCT
easat-9712	84	11	sd=0.079	sd=0.079	PROPN
easat-9712	84	12	)	)	PUNCT
easat-9712	84	13	,	,	PUNCT
easat-9712	84	14	with	with	ADP
easat-9712	84	15	a	a	DET
easat-9712	84	16	range	range	NOUN
easat-9712	84	17	between	between	ADP
easat-9712	84	18	0.010	0.010	NUM
easat-9712	84	19	and	and	CCONJ
easat-9712	84	20	0.321	0.321	NUM
easat-9712	84	21	,	,	PUNCT
easat-9712	84	22	indicating	indicate	VERB
easat-9712	84	23	a	a	DET
easat-9712	84	24	substantial	substantial	ADJ
easat-9712	84	25	spread	spread	NOUN
easat-9712	84	26	in	in	ADP
easat-9712	84	27	the	the	DET
easat-9712	84	28	degree	degree	NOUN
easat-9712	84	29	of	of	ADP
easat-9712	84	30	financial	financial	ADJ
easat-9712	84	31	development	development	NOUN
easat-9712	84	32	,	,	PUNCT
easat-9712	84	33	which	which	PRON
easat-9712	84	34	influences	influence	VERB
easat-9712	84	35	economic	economic	ADJ
easat-9712	84	36	growth	growth	NOUN
easat-9712	84	37	.	.	PUNCT
easat-9712	85	1	4.2	4.2	NUM
easat-9712	85	2	.	.	PUNCT
easat-9712	85	3	correlation	correlation	NOUN
easat-9712	85	4	matrix	matrix	NOUN
easat-9712	85	5	the	the	DET
easat-9712	85	6	correlation	correlation	NOUN
easat-9712	85	7	matrix	matrix	NOUN
easat-9712	85	8	displays	display	VERB
easat-9712	85	9	the	the	DET
easat-9712	85	10	relationship	relationship	NOUN
easat-9712	85	11	between	between	ADP
easat-9712	85	12	variables	variable	NOUN
easat-9712	85	13	.	.	PUNCT
easat-9712	86	1	it	it	PRON
easat-9712	86	2	shows	show	VERB
easat-9712	86	3	the	the	DET
easat-9712	86	4	association	association	NOUN
easat-9712	86	5	between	between	ADP
easat-9712	86	6	the	the	DET
easat-9712	86	7	dependent	dependent	ADJ
easat-9712	86	8	and	and	CCONJ
easat-9712	86	9	independent	independent	ADJ
easat-9712	86	10	variables	variable	NOUN
easat-9712	86	11	and	and	CCONJ
easat-9712	86	12	between	between	ADP
easat-9712	86	13	the	the	DET
easat-9712	86	14	independent	independent	ADJ
easat-9712	86	15	variables	variable	NOUN
easat-9712	86	16	themselves	themselves	PRON
easat-9712	86	17	[	[	X
easat-9712	86	18	28	28	NUM
easat-9712	86	19	]	]	PUNCT
easat-9712	86	20	.	.	PUNCT
easat-9712	87	1	1846	1846	NUM
easat-9712	87	2	edelweiss	edelweiss	PROPN
easat-9712	87	3	applied	apply	VERB
easat-9712	87	4	science	science	NOUN
easat-9712	87	5	and	and	CCONJ
easat-9712	87	6	technology	technology	NOUN
easat-9712	87	7	issn	issn	PROPN
easat-9712	87	8	:	:	PUNCT
easat-9712	87	9	2576	2576	NUM
easat-9712	87	10	-	-	SYM
easat-9712	87	11	8484	8484	NUM
easat-9712	87	12	vol	vol	NOUN
easat-9712	87	13	.	.	PROPN
easat-9712	88	1	9	9	NUM
easat-9712	88	2	,	,	PUNCT
easat-9712	88	3	no	no	INTJ
easat-9712	88	4	.	.	NOUN
easat-9712	88	5	8	8	NUM
easat-9712	88	6	:	:	SYM
easat-9712	88	7	1842	1842	NUM
easat-9712	88	8	-	-	SYM
easat-9712	88	9	1850	1850	NUM
easat-9712	88	10	,	,	PUNCT
easat-9712	88	11	2025	2025	NUM
easat-9712	88	12	doi	doi	NOUN
easat-9712	88	13	:	:	PUNCT
easat-9712	88	14	10.55214/2576	10.55214/2576	NUM
easat-9712	88	15	-	-	SYM
easat-9712	88	16	8484.v9i8.9712	8484.v9i8.9712	NUM
easat-9712	88	17	©	©	PROPN
easat-9712	88	18	2025	2025	NUM
easat-9712	88	19	by	by	ADP
easat-9712	88	20	the	the	DET
easat-9712	88	21	authors	author	NOUN
easat-9712	88	22	;	;	PUNCT
easat-9712	88	23	licensee	licensee	PROPN
easat-9712	88	24	learning	learn	VERB
easat-9712	88	25	gate	gate	NOUN
easat-9712	88	26	table	table	NOUN
easat-9712	88	27	2	2	NUM
easat-9712	88	28	.	.	PUNCT
easat-9712	88	29	correlation	correlation	NOUN
easat-9712	88	30	matrix	matrix	NOUN
easat-9712	88	31	.	.	PUNCT
easat-9712	89	1	variables	variable	NOUN
easat-9712	89	2	gdppc	gdppc	PROPN
easat-9712	89	3	trade	trade	PROPN
easat-9712	89	4	govex	govex	PROPN
easat-9712	89	5	fdi	fdi	PROPN
easat-9712	89	6	inter	inter	PROPN
easat-9712	89	7	gdppc	gdppc	PROPN
easat-9712	89	8	1	1	NUM
easat-9712	89	9	trade	trade	NOUN
easat-9712	89	10	0.3781	0.3781	NUM
easat-9712	89	11	*	*	SYM
easat-9712	89	12	1	1	NUM
easat-9712	89	13	govex	govex	NOUN
easat-9712	89	14	0.0713	0.0713	NUM
easat-9712	89	15	0.0865	0.0865	NUM
easat-9712	89	16	1	1	NUM
easat-9712	89	17	fdi	fdi	NOUN
easat-9712	89	18	-0.105	-0.105	NOUN
easat-9712	89	19	*	*	NOUN
easat-9712	89	20	0.3181	0.3181	NUM
easat-9712	89	21	*	*	SYM
easat-9712	89	22	-0.1470	-0.1470	NOUN
easat-9712	89	23	*	*	SYM
easat-9712	89	24	1	1	NUM
easat-9712	89	25	inter	inter	NOUN
easat-9712	89	26	0.4409	0.4409	NUM
easat-9712	89	27	*	*	SYM
easat-9712	89	28	0.4125	0.4125	NUM
easat-9712	89	29	*	*	PUNCT
easat-9712	89	30	0.1003	0.1003	NUM
easat-9712	89	31	0.0795	0.0795	NUM
easat-9712	89	32	1	1	NUM
easat-9712	89	33	source	source	NOUN
easat-9712	89	34	:	:	PUNCT
easat-9712	89	35	author	author	NOUN
easat-9712	89	36	’s	’s	PART
easat-9712	89	37	calculation	calculation	NOUN
easat-9712	89	38	using	use	VERB
easat-9712	89	39	stata	stata	NOUN
easat-9712	89	40	.	.	PUNCT
easat-9712	90	1	table	table	NOUN
easat-9712	90	2	2	2	NUM
easat-9712	90	3	above	above	ADP
easat-9712	90	4	denotes	denote	VERB
easat-9712	90	5	the	the	DET
easat-9712	90	6	correlation	correlation	NOUN
easat-9712	90	7	matrix	matrix	NOUN
easat-9712	90	8	,	,	PUNCT
easat-9712	90	9	which	which	PRON
easat-9712	90	10	explains	explain	VERB
easat-9712	90	11	the	the	DET
easat-9712	90	12	association	association	NOUN
easat-9712	90	13	between	between	ADP
easat-9712	90	14	variables	variable	NOUN
easat-9712	90	15	.	.	PUNCT
easat-9712	91	1	it	it	PRON
easat-9712	91	2	shows	show	VERB
easat-9712	91	3	a	a	DET
easat-9712	91	4	positive	positive	ADJ
easat-9712	91	5	and	and	CCONJ
easat-9712	91	6	weak	weak	ADJ
easat-9712	91	7	correlation	correlation	NOUN
easat-9712	91	8	between	between	ADP
easat-9712	91	9	the	the	DET
easat-9712	91	10	interaction	interaction	NOUN
easat-9712	91	11	term	term	NOUN
easat-9712	91	12	and	and	CCONJ
easat-9712	91	13	gdp	gdp	NOUN
easat-9712	91	14	per	per	ADP
easat-9712	91	15	capita	capita	X
easat-9712	91	16	(	(	PUNCT
easat-9712	91	17	r=0.4409	r=0.4409	NOUN
easat-9712	91	18	)	)	PUNCT
easat-9712	91	19	,	,	PUNCT
easat-9712	91	20	which	which	PRON
easat-9712	91	21	is	be	AUX
easat-9712	91	22	considered	consider	VERB
easat-9712	91	23	a	a	DET
easat-9712	91	24	positive	positive	ADJ
easat-9712	91	25	correlation	correlation	NOUN
easat-9712	91	26	and	and	CCONJ
easat-9712	91	27	moderate	moderate	ADJ
easat-9712	91	28	.	.	PUNCT
easat-9712	92	1	likewise	likewise	ADV
easat-9712	92	2	,	,	PUNCT
easat-9712	92	3	trade	trade	NOUN
easat-9712	92	4	showed	show	VERB
easat-9712	92	5	a	a	DET
easat-9712	92	6	positive	positive	ADJ
easat-9712	92	7	association	association	NOUN
easat-9712	92	8	with	with	ADP
easat-9712	92	9	gross	gross	ADJ
easat-9712	92	10	domestic	domestic	ADJ
easat-9712	92	11	product	product	NOUN
easat-9712	92	12	per	per	ADP
easat-9712	92	13	capita	capita	X
easat-9712	92	14	(	(	PUNCT
easat-9712	92	15	gdppc	gdppc	PROPN
easat-9712	92	16	)	)	PUNCT
easat-9712	92	17	(	(	PUNCT
easat-9712	92	18	r=0.3781	r=0.3781	PROPN
easat-9712	92	19	)	)	PUNCT
easat-9712	92	20	.	.	PUNCT
easat-9712	93	1	in	in	ADP
easat-9712	93	2	contrast	contrast	NOUN
easat-9712	93	3	,	,	PUNCT
easat-9712	93	4	financial	financial	ADJ
easat-9712	93	5	development	development	NOUN
easat-9712	93	6	showed	show	VERB
easat-9712	93	7	a	a	DET
easat-9712	93	8	negative	negative	ADJ
easat-9712	93	9	impact	impact	NOUN
easat-9712	93	10	on	on	ADP
easat-9712	93	11	gross	gross	ADJ
easat-9712	93	12	domestic	domestic	ADJ
easat-9712	93	13	product	product	NOUN
easat-9712	93	14	per	per	ADP
easat-9712	93	15	capita	capita	X
easat-9712	93	16	(	(	PUNCT
easat-9712	93	17	gdppc	gdppc	PROPN
easat-9712	93	18	)	)	PUNCT
easat-9712	93	19	,	,	PUNCT
easat-9712	93	20	where	where	SCONJ
easat-9712	93	21	this	this	DET
easat-9712	93	22	correlation	correlation	NOUN
easat-9712	93	23	is	be	AUX
easat-9712	93	24	negative	negative	ADJ
easat-9712	93	25	and	and	CCONJ
easat-9712	93	26	weak	weak	ADJ
easat-9712	93	27	(	(	PUNCT
easat-9712	93	28	r=-0.105	r=-0.105	NOUN
easat-9712	93	29	)	)	PUNCT
easat-9712	93	30	,	,	PUNCT
easat-9712	93	31	explaining	explain	VERB
easat-9712	93	32	the	the	DET
easat-9712	93	33	decrease	decrease	NOUN
easat-9712	93	34	of	of	ADP
easat-9712	93	35	foreign	foreign	ADJ
easat-9712	93	36	direct	direct	ADJ
easat-9712	93	37	in	in	ADP
easat-9712	93	38	the	the	DET
easat-9712	93	39	mena	mena	PROPN
easat-9712	93	40	region	region	PROPN
easat-9712	93	41	,	,	PUNCT
easat-9712	93	42	owing	owe	VERB
easat-9712	93	43	to	to	ADP
easat-9712	93	44	the	the	DET
easat-9712	93	45	political	political	ADJ
easat-9712	93	46	stability	stability	NOUN
easat-9712	93	47	and	and	CCONJ
easat-9712	93	48	the	the	DET
easat-9712	93	49	presence	presence	NOUN
easat-9712	93	50	of	of	ADP
easat-9712	93	51	war	war	NOUN
easat-9712	93	52	in	in	ADP
easat-9712	93	53	some	some	DET
easat-9712	93	54	countries	country	NOUN
easat-9712	93	55	,	,	PUNCT
easat-9712	93	56	which	which	PRON
easat-9712	93	57	makes	make	VERB
easat-9712	93	58	the	the	DET
easat-9712	93	59	foreign	foreign	ADJ
easat-9712	93	60	direct	direct	ADJ
easat-9712	93	61	investment	investment	NOUN
easat-9712	93	62	negative	negative	ADJ
easat-9712	93	63	.	.	PUNCT
easat-9712	94	1	4.3	4.3	NUM
easat-9712	94	2	.	.	PUNCT
easat-9712	95	1	regression	regression	VERB
easat-9712	95	2	analysis	analysis	NOUN
easat-9712	95	3	this	this	DET
easat-9712	95	4	research	research	NOUN
easat-9712	95	5	employs	employ	VERB
easat-9712	95	6	a	a	DET
easat-9712	95	7	panel	panel	NOUN
easat-9712	95	8	analysis	analysis	NOUN
easat-9712	95	9	,	,	PUNCT
easat-9712	95	10	where	where	SCONJ
easat-9712	95	11	the	the	DET
easat-9712	95	12	data	datum	NOUN
easat-9712	95	13	is	be	AUX
easat-9712	95	14	extracted	extract	VERB
easat-9712	95	15	from	from	ADP
easat-9712	95	16	the	the	DET
easat-9712	95	17	world	world	NOUN
easat-9712	95	18	bank	bank	PROPN
easat-9712	95	19	and	and	CCONJ
easat-9712	95	20	the	the	DET
easat-9712	95	21	international	international	ADJ
easat-9712	95	22	monetary	monetary	ADJ
easat-9712	95	23	fund	fund	NOUN
easat-9712	95	24	(	(	PUNCT
easat-9712	95	25	imf	imf	PROPN
easat-9712	95	26	)	)	PUNCT
easat-9712	95	27	,	,	PUNCT
easat-9712	95	28	for	for	ADP
easat-9712	95	29	12	12	NUM
easat-9712	95	30	countries	country	NOUN
easat-9712	95	31	in	in	ADP
easat-9712	95	32	the	the	DET
easat-9712	95	33	mena	mena	PROPN
easat-9712	95	34	region	region	PROPN
easat-9712	95	35	,	,	PUNCT
easat-9712	95	36	covering	cover	VERB
easat-9712	95	37	the	the	DET
easat-9712	95	38	period	period	NOUN
easat-9712	95	39	19902023	19902023	NUM
easat-9712	95	40	,	,	PUNCT
easat-9712	95	41	using	use	VERB
easat-9712	95	42	the	the	DET
easat-9712	95	43	software	software	NOUN
easat-9712	95	44	of	of	ADP
easat-9712	95	45	statistical	statistical	ADJ
easat-9712	95	46	analysis	analysis	NOUN
easat-9712	95	47	stata	stata	NOUN
easat-9712	95	48	.	.	PUNCT
easat-9712	96	1	table	table	NOUN
easat-9712	96	2	3	3	NUM
easat-9712	96	3	.	.	X
easat-9712	96	4	estimation	estimation	NOUN
easat-9712	96	5	modelsdependent	modelsdependent	PROPN
easat-9712	96	6	variable	variable	PROPN
easat-9712	96	7	gdp	gdp	NOUN
easat-9712	96	8	per	per	ADP
easat-9712	96	9	capita	capita	NOUN
easat-9712	96	10	.	.	PUNCT
easat-9712	97	1	variable	variable	ADJ
easat-9712	97	2	pols	pol	NOUN
easat-9712	97	3	panel	panel	PROPN
easat-9712	97	4	fe	fe	PROPN
easat-9712	97	5	driscoll	driscoll	PROPN
easat-9712	97	6	kraay	kraay	PROPN
easat-9712	97	7	panel	panel	PROPN
easat-9712	97	8	re	re	ADP
easat-9712	97	9	driscoll	driscoll	PROPN
easat-9712	97	10	kraay	kraay	VERB
easat-9712	97	11	inter	inter	VERB
easat-9712	97	12	5.9194	5.9194	NUM
easat-9712	97	13	*	*	NOUN
easat-9712	97	14	*	*	PUNCT
easat-9712	97	15	*	*	PUNCT
easat-9712	97	16	(	(	PUNCT
easat-9712	97	17	0.000	0.000	NUM
easat-9712	97	18	)	)	PUNCT
easat-9712	97	19	1.3864	1.3864	NUM
easat-9712	98	1	*	*	PUNCT
easat-9712	98	2	*	*	PUNCT
easat-9712	98	3	(	(	PUNCT
easat-9712	98	4	0.001	0.001	NUM
easat-9712	98	5	)	)	PUNCT
easat-9712	98	6	1.4033	1.4033	NUM
easat-9712	98	7	*	*	NOUN
easat-9712	98	8	*	*	PUNCT
easat-9712	98	9	(	(	PUNCT
easat-9712	98	10	0.001	0.001	NUM
easat-9712	98	11	)	)	PUNCT
easat-9712	98	12	trade	trade	NOUN
easat-9712	98	13	0.0093	0.0093	NUM
easat-9712	98	14	*	*	PUNCT
easat-9712	98	15	*	*	PUNCT
easat-9712	98	16	*	*	PUNCT
easat-9712	98	17	(	(	PUNCT
easat-9712	98	18	0.000	0.000	NUM
easat-9712	98	19	)	)	PUNCT
easat-9712	98	20	-0.0011	-0.0011	X
easat-9712	99	1	(	(	PUNCT
easat-9712	99	2	0.376	0.376	NUM
easat-9712	99	3	)	)	PUNCT
easat-9712	99	4	-0.0010	-0.0010	NOUN
easat-9712	99	5	(	(	PUNCT
easat-9712	99	6	0.430	0.430	NUM
easat-9712	99	7	)	)	PUNCT
easat-9712	99	8	govex	govex	NOUN
easat-9712	99	9	0.1841	0.1841	NUM
easat-9712	99	10	(	(	PUNCT
easat-9712	99	11	0.135	0.135	NUM
easat-9712	99	12	)	)	PUNCT
easat-9712	99	13	-0.0104	-0.0104	NOUN
easat-9712	100	1	*	*	PUNCT
easat-9712	100	2	*	*	PUNCT
easat-9712	100	3	*	*	PUNCT
easat-9712	100	4	(	(	PUNCT
easat-9712	100	5	0.000	0.000	NUM
easat-9712	100	6	)	)	PUNCT
easat-9712	100	7	-0.0103	-0.0103	NOUN
easat-9712	100	8	*	*	PUNCT
easat-9712	100	9	*	*	PUNCT
easat-9712	100	10	(	(	PUNCT
easat-9712	100	11	0.001	0.001	NUM
easat-9712	100	12	)	)	PUNCT
easat-9712	100	13	fdi	fdi	NOUN
easat-9712	100	14	-0.0509	-0.0509	NOUN
easat-9712	101	1	*	*	PUNCT
easat-9712	101	2	*	*	PUNCT
easat-9712	101	3	*	*	PUNCT
easat-9712	101	4	(	(	PUNCT
easat-9712	101	5	0.000	0.000	NUM
easat-9712	101	6	)	)	PUNCT
easat-9712	101	7	0.0088	0.0088	NUM
easat-9712	101	8	(	(	PUNCT
easat-9712	101	9	0.065	0.065	NUM
easat-9712	101	10	)	)	PUNCT
easat-9712	101	11	0.0086	0.0086	NUM
easat-9712	101	12	(	(	PUNCT
easat-9712	101	13	0.105	0.105	NUM
easat-9712	101	14	)	)	PUNCT
easat-9712	101	15	constant	constant	ADJ
easat-9712	101	16	7.490	7.490	NUM
easat-9712	101	17	*	*	PUNCT
easat-9712	101	18	*	*	PUNCT
easat-9712	101	19	*	*	PUNCT
easat-9712	101	20	(	(	PUNCT
easat-9712	101	21	0.000	0.000	NUM
easat-9712	101	22	)	)	PUNCT
easat-9712	101	23	9.332	9.332	NUM
easat-9712	101	24	*	*	PUNCT
easat-9712	101	25	*	*	PUNCT
easat-9712	101	26	*	*	PUNCT
easat-9712	101	27	(	(	PUNCT
easat-9712	101	28	0.000	0.000	NUM
easat-9712	101	29	)	)	PUNCT
easat-9712	101	30	9.379	9.379	NUM
easat-9712	101	31	*	*	PUNCT
easat-9712	102	1	*	*	PUNCT
easat-9712	102	2	*	*	PUNCT
easat-9712	102	3	(	(	PUNCT
easat-9712	102	4	0.000	0.000	NUM
easat-9712	102	5	)	)	PUNCT
easat-9712	102	6	r	r	NOUN
easat-9712	102	7	squared	square	VERB
easat-9712	102	8	0.3864	0.3864	NUM
easat-9712	102	9	0.2277	0.2277	NUM
easat-9712	102	10	0.2276	0.2276	NUM
easat-9712	103	1	f	f	X
easat-9712	103	2	-	-	PUNCT
easat-9712	103	3	statistic	statistic	ADJ
easat-9712	103	4	0.0000	0.0000	NUM
easat-9712	103	5	0.0000	0.0000	NUM
easat-9712	103	6	0.0000	0.0000	NUM
easat-9712	103	7	note	note	NOUN
easat-9712	103	8	:	:	PUNCT
easat-9712	103	9	*	*	PUNCT
easat-9712	103	10	,	,	PUNCT
easat-9712	103	11	*	*	PUNCT
easat-9712	103	12	*	*	PUNCT
easat-9712	103	13	,	,	PUNCT
easat-9712	103	14	*	*	PUNCT
easat-9712	103	15	*	*	PUNCT
easat-9712	103	16	*	*	PUNCT
easat-9712	103	17	denotes	denote	VERB
easat-9712	103	18	the	the	DET
easat-9712	103	19	significance	significance	NOUN
easat-9712	103	20	level	level	NOUN
easat-9712	103	21	at	at	ADP
easat-9712	103	22	5	5	NUM
easat-9712	103	23	%	%	NOUN
easat-9712	103	24	,	,	PUNCT
easat-9712	103	25	1	1	NUM
easat-9712	103	26	%	%	NOUN
easat-9712	103	27	and	and	CCONJ
easat-9712	103	28	0.1	0.1	NUM
easat-9712	103	29	%	%	NOUN
easat-9712	103	30	respectively	respectively	ADV
easat-9712	103	31	source	source	NOUN
easat-9712	103	32	:	:	PUNCT
easat-9712	103	33	author	author	NOUN
easat-9712	103	34	’s	’s	PART
easat-9712	103	35	calculation	calculation	NOUN
easat-9712	103	36	using	use	VERB
easat-9712	103	37	stata	stata	PROPN
easat-9712	103	38	.	.	PUNCT
easat-9712	104	1	table	table	NOUN
easat-9712	104	2	3	3	NUM
easat-9712	104	3	presents	present	VERB
easat-9712	104	4	the	the	DET
easat-9712	104	5	estimation	estimation	NOUN
easat-9712	104	6	results	result	NOUN
easat-9712	104	7	examining	examine	VERB
easat-9712	104	8	the	the	DET
easat-9712	104	9	impact	impact	NOUN
easat-9712	104	10	of	of	ADP
easat-9712	104	11	the	the	DET
easat-9712	104	12	interaction	interaction	NOUN
easat-9712	104	13	between	between	ADP
easat-9712	104	14	financial	financial	ADJ
easat-9712	104	15	institution	institution	NOUN
easat-9712	104	16	development	development	NOUN
easat-9712	104	17	and	and	CCONJ
easat-9712	104	18	financial	financial	ADJ
easat-9712	104	19	market	market	NOUN
easat-9712	104	20	development	development	NOUN
easat-9712	104	21	(	(	PUNCT
easat-9712	104	22	inter	inter	ADJ
easat-9712	104	23	)	)	PUNCT
easat-9712	104	24	on	on	ADP
easat-9712	104	25	gdp	gdp	NOUN
easat-9712	104	26	per	per	ADP
easat-9712	104	27	capita	capita	NOUN
easat-9712	104	28	,	,	PUNCT
easat-9712	104	29	alongside	alongside	ADP
easat-9712	104	30	control	control	NOUN
easat-9712	104	31	variables	variable	NOUN
easat-9712	104	32	such	such	ADJ
easat-9712	104	33	as	as	ADP
easat-9712	104	34	trade	trade	NOUN
easat-9712	104	35	openness	openness	NOUN
easat-9712	104	36	,	,	PUNCT
easat-9712	104	37	government	government	NOUN
easat-9712	104	38	expenditure	expenditure	NOUN
easat-9712	104	39	,	,	PUNCT
easat-9712	104	40	and	and	CCONJ
easat-9712	104	41	foreign	foreign	ADJ
easat-9712	104	42	direct	direct	ADJ
easat-9712	104	43	investment	investment	NOUN
easat-9712	104	44	(	(	PUNCT
easat-9712	104	45	fdi	fdi	NOUN
easat-9712	104	46	)	)	PUNCT
easat-9712	104	47	.	.	PUNCT
easat-9712	105	1	the	the	DET
easat-9712	105	2	pooled	pooled	ADJ
easat-9712	105	3	ordinary	ordinary	ADJ
easat-9712	105	4	least	least	ADJ
easat-9712	105	5	squares	square	NOUN
easat-9712	105	6	(	(	PUNCT
easat-9712	105	7	pols	pol	NOUN
easat-9712	105	8	)	)	PUNCT
easat-9712	105	9	model	model	NOUN
easat-9712	105	10	indicates	indicate	VERB
easat-9712	105	11	a	a	DET
easat-9712	105	12	strong	strong	ADJ
easat-9712	105	13	positive	positive	ADJ
easat-9712	105	14	effect	effect	NOUN
easat-9712	105	15	of	of	ADP
easat-9712	105	16	the	the	DET
easat-9712	105	17	interaction	interaction	NOUN
easat-9712	105	18	term	term	NOUN
easat-9712	105	19	on	on	ADP
easat-9712	105	20	economic	economic	ADJ
easat-9712	105	21	growth	growth	NOUN
easat-9712	105	22	,	,	PUNCT
easat-9712	105	23	with	with	ADP
easat-9712	105	24	a	a	DET
easat-9712	105	25	5.91	5.91	NUM
easat-9712	105	26	percentage	percentage	NOUN
easat-9712	105	27	point	point	NOUN
easat-9712	105	28	increase	increase	NOUN
easat-9712	105	29	in	in	ADP
easat-9712	105	30	gdp	gdp	NOUN
easat-9712	105	31	per	per	ADP
easat-9712	105	32	capita	capita	X
easat-9712	105	33	per	per	ADP
easat-9712	105	34	unit	unit	NOUN
easat-9712	105	35	rise	rise	VERB
easat-9712	105	36	in	in	ADP
easat-9712	105	37	inter	inter	PROPN
easat-9712	105	38	.	.	PUNCT
easat-9712	106	1	trade	trade	NOUN
easat-9712	106	2	openness	openness	NOUN
easat-9712	106	3	also	also	ADV
easat-9712	106	4	positively	positively	ADV
easat-9712	106	5	correlates	correlate	VERB
easat-9712	106	6	with	with	ADP
easat-9712	106	7	growth	growth	NOUN
easat-9712	106	8	,	,	PUNCT
easat-9712	106	9	while	while	SCONJ
easat-9712	106	10	fdi	fdi	NOUN
easat-9712	106	11	shows	show	VERB
easat-9712	106	12	a	a	DET
easat-9712	106	13	negative	negative	ADJ
easat-9712	106	14	association	association	NOUN
easat-9712	106	15	in	in	ADP
easat-9712	106	16	this	this	DET
easat-9712	106	17	specification	specification	NOUN
easat-9712	106	18	.	.	PUNCT
easat-9712	107	1	using	use	VERB
easat-9712	107	2	driscoll	driscoll	NOUN
easat-9712	107	3	-	-	PUNCT
easat-9712	107	4	kraay	kraay	ADJ
easat-9712	107	5	standard	standard	ADJ
easat-9712	107	6	errors	error	NOUN
easat-9712	107	7	to	to	PART
easat-9712	107	8	correct	correct	VERB
easat-9712	107	9	for	for	ADP
easat-9712	107	10	cross	cross	ADJ
easat-9712	107	11	-	-	ADJ
easat-9712	107	12	sectional	sectional	ADJ
easat-9712	107	13	dependence	dependence	NOUN
easat-9712	107	14	and	and	CCONJ
easat-9712	107	15	heteroskedasticity	heteroskedasticity	NOUN
easat-9712	107	16	,	,	PUNCT
easat-9712	107	17	the	the	DET
easat-9712	107	18	interaction	interaction	NOUN
easat-9712	107	19	term	term	NOUN
easat-9712	107	20	remains	remain	VERB
easat-9712	107	21	positively	positively	ADV
easat-9712	107	22	significant	significant	ADJ
easat-9712	107	23	,	,	PUNCT
easat-9712	107	24	though	though	SCONJ
easat-9712	107	25	with	with	ADP
easat-9712	107	26	a	a	DET
easat-9712	107	27	smaller	small	ADJ
easat-9712	107	28	magnitude	magnitude	NOUN
easat-9712	107	29	(	(	PUNCT
easat-9712	107	30	1.39	1.39	NUM
easat-9712	107	31	percentage	percentage	NOUN
easat-9712	107	32	points	point	NOUN
easat-9712	107	33	)	)	PUNCT
easat-9712	107	34	.	.	PUNCT
easat-9712	108	1	control	control	NOUN
easat-9712	108	2	variables	variable	NOUN
easat-9712	108	3	exhibit	exhibit	VERB
easat-9712	108	4	weaker	weak	ADJ
easat-9712	108	5	or	or	CCONJ
easat-9712	108	6	insignificant	insignificant	ADJ
easat-9712	108	7	effects	effect	NOUN
easat-9712	108	8	;	;	PUNCT
easat-9712	108	9	notably	notably	ADV
easat-9712	108	10	,	,	PUNCT
easat-9712	108	11	government	government	NOUN
easat-9712	108	12	expenditure	expenditure	NOUN
easat-9712	108	13	has	have	VERB
easat-9712	108	14	a	a	DET
easat-9712	108	15	small	small	ADJ
easat-9712	108	16	but	but	CCONJ
easat-9712	108	17	significant	significant	ADJ
easat-9712	108	18	negative	negative	ADJ
easat-9712	108	19	impact	impact	NOUN
easat-9712	108	20	on	on	ADP
easat-9712	108	21	growth	growth	NOUN
easat-9712	108	22	,	,	PUNCT
easat-9712	108	23	possibly	possibly	ADV
easat-9712	108	24	reflecting	reflect	VERB
easat-9712	108	25	inefficient	inefficient	ADJ
easat-9712	108	26	fiscal	fiscal	ADJ
easat-9712	108	27	allocation	allocation	NOUN
easat-9712	108	28	or	or	CCONJ
easat-9712	108	29	crowding	crowd	VERB
easat-9712	108	30	out	out	ADP
easat-9712	108	31	of	of	ADP
easat-9712	108	32	private	private	ADJ
easat-9712	108	33	investment	investment	NOUN
easat-9712	108	34	.	.	PUNCT
easat-9712	109	1	1847	1847	NUM
easat-9712	109	2	edelweiss	edelweiss	PROPN
easat-9712	109	3	applied	apply	VERB
easat-9712	109	4	science	science	NOUN
easat-9712	109	5	and	and	CCONJ
easat-9712	109	6	technology	technology	NOUN
easat-9712	109	7	issn	issn	PROPN
easat-9712	109	8	:	:	PUNCT
easat-9712	109	9	2576	2576	NUM
easat-9712	109	10	-	-	SYM
easat-9712	109	11	8484	8484	NUM
easat-9712	109	12	vol	vol	NOUN
easat-9712	109	13	.	.	PROPN
easat-9712	110	1	9	9	NUM
easat-9712	110	2	,	,	PUNCT
easat-9712	110	3	no	no	INTJ
easat-9712	110	4	.	.	NOUN
easat-9712	110	5	8	8	NUM
easat-9712	110	6	:	:	SYM
easat-9712	110	7	1842	1842	NUM
easat-9712	110	8	-	-	SYM
easat-9712	110	9	1850	1850	NUM
easat-9712	110	10	,	,	PUNCT
easat-9712	110	11	2025	2025	NUM
easat-9712	110	12	doi	doi	NOUN
easat-9712	110	13	:	:	PUNCT
easat-9712	110	14	10.55214/2576	10.55214/2576	NUM
easat-9712	110	15	-	-	SYM
easat-9712	110	16	8484.v9i8.9712	8484.v9i8.9712	NUM
easat-9712	110	17	©	©	PROPN
easat-9712	110	18	2025	2025	NUM
easat-9712	110	19	by	by	ADP
easat-9712	110	20	the	the	DET
easat-9712	110	21	authors	author	NOUN
easat-9712	110	22	;	;	PUNCT
easat-9712	110	23	licensee	licensee	PROPN
easat-9712	110	24	learning	learning	NOUN
easat-9712	110	25	gate	gate	VERB
easat-9712	110	26	the	the	DET
easat-9712	110	27	model	model	NOUN
easat-9712	110	28	explains	explain	VERB
easat-9712	110	29	approximately	approximately	ADV
easat-9712	110	30	23	23	NUM
easat-9712	110	31	%	%	NOUN
easat-9712	110	32	of	of	ADP
easat-9712	110	33	the	the	DET
easat-9712	110	34	variance	variance	NOUN
easat-9712	110	35	in	in	ADP
easat-9712	110	36	gdp	gdp	NOUN
easat-9712	110	37	per	per	ADP
easat-9712	110	38	capita	capita	NOUN
easat-9712	110	39	,	,	PUNCT
easat-9712	110	40	which	which	PRON
easat-9712	110	41	is	be	AUX
easat-9712	110	42	consistent	consistent	ADJ
easat-9712	110	43	with	with	ADP
easat-9712	110	44	expectations	expectation	NOUN
easat-9712	110	45	for	for	ADP
easat-9712	110	46	macroeconomic	macroeconomic	ADJ
easat-9712	110	47	panel	panel	NOUN
easat-9712	110	48	regressions	regression	NOUN
easat-9712	110	49	where	where	SCONJ
easat-9712	110	50	low	low	ADJ
easat-9712	110	51	r²	r²	NOUN
easat-9712	110	52	values	value	NOUN
easat-9712	110	53	are	be	AUX
easat-9712	110	54	common	common	ADJ
easat-9712	110	55	due	due	ADJ
easat-9712	110	56	to	to	ADP
easat-9712	110	57	multifactorial	multifactorial	ADJ
easat-9712	110	58	growth	growth	NOUN
easat-9712	110	59	determinants	determinant	NOUN
easat-9712	110	60	[	[	X
easat-9712	110	61	29	29	NUM
easat-9712	110	62	]	]	PUNCT
easat-9712	110	63	.	.	PUNCT
easat-9712	111	1	overall	overall	ADV
easat-9712	111	2	,	,	PUNCT
easat-9712	111	3	findings	finding	NOUN
easat-9712	111	4	reinforce	reinforce	VERB
easat-9712	111	5	the	the	DET
easat-9712	111	6	synergistic	synergistic	ADJ
easat-9712	111	7	role	role	NOUN
easat-9712	111	8	of	of	ADP
easat-9712	111	9	financial	financial	ADJ
easat-9712	111	10	markets	market	NOUN
easat-9712	111	11	and	and	CCONJ
easat-9712	111	12	institutions	institution	NOUN
easat-9712	111	13	in	in	ADP
easat-9712	111	14	promoting	promote	VERB
easat-9712	111	15	economic	economic	ADJ
easat-9712	111	16	growth	growth	NOUN
easat-9712	111	17	while	while	SCONJ
easat-9712	111	18	highlighting	highlight	VERB
easat-9712	111	19	the	the	DET
easat-9712	111	20	nuanced	nuanced	ADJ
easat-9712	111	21	effects	effect	NOUN
easat-9712	111	22	of	of	ADP
easat-9712	111	23	fiscal	fiscal	ADJ
easat-9712	111	24	policy	policy	NOUN
easat-9712	111	25	in	in	ADP
easat-9712	111	26	the	the	DET
easat-9712	111	27	mena	mena	PROPN
easat-9712	111	28	context	context	PROPN
easat-9712	112	1	[	[	X
easat-9712	112	2	5	5	NUM
easat-9712	112	3	]	]	PUNCT
easat-9712	112	4	.	.	PUNCT
easat-9712	113	1	4.4	4.4	NUM
easat-9712	113	2	.	.	PUNCT
easat-9712	114	1	diagnostics	diagnostic	NOUN
easat-9712	114	2	diagnostic	diagnostic	ADJ
easat-9712	114	3	tests	test	NOUN
easat-9712	114	4	indicate	indicate	VERB
easat-9712	114	5	the	the	DET
easat-9712	114	6	soundness	soundness	NOUN
easat-9712	114	7	of	of	ADP
easat-9712	114	8	the	the	DET
easat-9712	114	9	model	model	NOUN
easat-9712	114	10	and	and	CCONJ
easat-9712	114	11	the	the	DET
easat-9712	114	12	reliability	reliability	NOUN
easat-9712	114	13	of	of	ADP
easat-9712	114	14	a	a	DET
easat-9712	114	15	dataset	dataset	NOUN
easat-9712	114	16	.	.	PUNCT
easat-9712	115	1	there	there	PRON
easat-9712	115	2	are	be	VERB
easat-9712	115	3	several	several	ADJ
easat-9712	115	4	diagnostic	diagnostic	ADJ
easat-9712	115	5	tests	test	NOUN
easat-9712	115	6	used	use	VERB
easat-9712	115	7	such	such	ADJ
easat-9712	115	8	as	as	ADP
easat-9712	115	9	serial	serial	ADJ
easat-9712	115	10	correlation	correlation	NOUN
easat-9712	115	11	,	,	PUNCT
easat-9712	115	12	multicollinearity	multicollinearity	NOUN
easat-9712	115	13	,	,	PUNCT
easat-9712	115	14	heteroscedasticity	heteroscedasticity	NOUN
easat-9712	115	15	,	,	PUNCT
easat-9712	115	16	and	and	CCONJ
easat-9712	115	17	the	the	DET
easat-9712	115	18	cross	cross	ADJ
easat-9712	115	19	-	-	ADJ
easat-9712	115	20	section	section	ADJ
easat-9712	115	21	dependency	dependency	NOUN
easat-9712	115	22	.	.	PUNCT
easat-9712	116	1	4.5	4.5	NUM
easat-9712	116	2	.	.	PUNCT
easat-9712	117	1	multicollinearity	multicollinearity	NOUN
easat-9712	117	2	multicollinearity	multicollinearity	NOUN
easat-9712	117	3	is	be	AUX
easat-9712	117	4	the	the	DET
easat-9712	117	5	test	test	NOUN
easat-9712	117	6	that	that	PRON
easat-9712	117	7	studies	study	VERB
easat-9712	117	8	the	the	DET
easat-9712	117	9	association	association	NOUN
easat-9712	117	10	between	between	ADP
easat-9712	117	11	the	the	DET
easat-9712	117	12	independent	independent	ADJ
easat-9712	117	13	variables	variable	NOUN
easat-9712	117	14	,	,	PUNCT
easat-9712	117	15	where	where	SCONJ
easat-9712	117	16	it	it	PRON
easat-9712	117	17	is	be	AUX
easat-9712	117	18	shown	show	VERB
easat-9712	117	19	by	by	ADP
easat-9712	117	20	the	the	DET
easat-9712	117	21	value	value	NOUN
easat-9712	117	22	of	of	ADP
easat-9712	117	23	variance	variance	NOUN
easat-9712	117	24	influence	influence	NOUN
easat-9712	117	25	factors	factor	NOUN
easat-9712	117	26	(	(	PUNCT
easat-9712	117	27	vif	vif	NOUN
easat-9712	117	28	)	)	PUNCT
easat-9712	117	29	,	,	PUNCT
easat-9712	117	30	if	if	SCONJ
easat-9712	117	31	the	the	DET
easat-9712	117	32	value	value	NOUN
easat-9712	117	33	of	of	ADP
easat-9712	117	34	vif	vif	NOUN
easat-9712	117	35	is	be	AUX
easat-9712	117	36	greater	great	ADJ
easat-9712	117	37	than	than	ADP
easat-9712	117	38	10	10	NUM
easat-9712	117	39	,	,	PUNCT
easat-9712	117	40	it	it	PRON
easat-9712	117	41	indicates	indicate	VERB
easat-9712	117	42	the	the	DET
easat-9712	117	43	presence	presence	NOUN
easat-9712	117	44	of	of	ADP
easat-9712	117	45	multicollinearity	multicollinearity	NOUN
easat-9712	117	46	,	,	PUNCT
easat-9712	117	47	in	in	ADP
easat-9712	117	48	contrast	contrast	NOUN
easat-9712	117	49	,	,	PUNCT
easat-9712	117	50	if	if	SCONJ
easat-9712	117	51	the	the	DET
easat-9712	117	52	value	value	NOUN
easat-9712	117	53	of	of	ADP
easat-9712	117	54	vif	vif	NOUN
easat-9712	117	55	is	be	AUX
easat-9712	117	56	less	less	ADJ
easat-9712	117	57	than	than	ADP
easat-9712	117	58	10	10	NUM
easat-9712	117	59	,	,	PUNCT
easat-9712	117	60	it	it	PRON
easat-9712	117	61	indicates	indicate	VERB
easat-9712	117	62	the	the	DET
easat-9712	117	63	absence	absence	NOUN
easat-9712	117	64	of	of	ADP
easat-9712	117	65	multicollinearity	multicollinearity	NOUN
easat-9712	117	66	[	[	X
easat-9712	117	67	30	30	NUM
easat-9712	117	68	]	]	PUNCT
easat-9712	117	69	.	.	PUNCT
easat-9712	118	1	table	table	NOUN
easat-9712	118	2	4	4	NUM
easat-9712	118	3	.	.	PUNCT
easat-9712	119	1	multicollinearity	multicollinearity	NOUN
easat-9712	119	2	.	.	PUNCT
easat-9712	120	1	vif	vif	NOUN
easat-9712	120	2	inter	inter	VERB
easat-9712	120	3	1.21	1.21	NUM
easat-9712	120	4	tr	tr	NOUN
easat-9712	120	5	1.35	1.35	NUM
easat-9712	120	6	fdi	fdi	NOUN
easat-9712	120	7	1.15	1.15	NUM
easat-9712	120	8	govex	govex	NOUN
easat-9712	120	9	1.05	1.05	NUM
easat-9712	120	10	mean	mean	NOUN
easat-9712	120	11	vif	vif	PROPN
easat-9712	120	12	1.19	1.19	NUM
easat-9712	120	13	source	source	NOUN
easat-9712	120	14	:	:	PUNCT
easat-9712	120	15	author	author	NOUN
easat-9712	120	16	’s	’s	PART
easat-9712	120	17	calculation	calculation	NOUN
easat-9712	120	18	using	use	VERB
easat-9712	120	19	stata	stata	NOUN
easat-9712	120	20	.	.	PUNCT
easat-9712	121	1	table	table	NOUN
easat-9712	121	2	4	4	NUM
easat-9712	121	3	presents	present	VERB
easat-9712	121	4	the	the	DET
easat-9712	121	5	vif	vif	NOUN
easat-9712	121	6	results	result	VERB
easat-9712	121	7	for	for	ADP
easat-9712	121	8	the	the	DET
easat-9712	121	9	independent	independent	ADJ
easat-9712	121	10	variables	variable	NOUN
easat-9712	121	11	included	include	VERB
easat-9712	121	12	in	in	ADP
easat-9712	121	13	the	the	DET
easat-9712	121	14	model	model	NOUN
easat-9712	121	15	.	.	PUNCT
easat-9712	122	1	the	the	DET
easat-9712	122	2	vif	vif	PROPN
easat-9712	122	3	values	value	NOUN
easat-9712	122	4	range	range	VERB
easat-9712	122	5	from	from	ADP
easat-9712	122	6	1.05	1.05	NUM
easat-9712	122	7	for	for	ADP
easat-9712	122	8	government	government	NOUN
easat-9712	122	9	expenditure	expenditure	NOUN
easat-9712	122	10	(	(	PUNCT
easat-9712	122	11	govex	govex	NOUN
easat-9712	122	12	)	)	PUNCT
easat-9712	122	13	to	to	ADP
easat-9712	122	14	1.35	1.35	NUM
easat-9712	122	15	for	for	ADP
easat-9712	122	16	trade	trade	NOUN
easat-9712	122	17	openness	openness	NOUN
easat-9712	122	18	(	(	PUNCT
easat-9712	122	19	tr	tr	VERB
easat-9712	122	20	)	)	PUNCT
easat-9712	122	21	,	,	PUNCT
easat-9712	122	22	with	with	ADP
easat-9712	122	23	a	a	DET
easat-9712	122	24	mean	mean	ADJ
easat-9712	122	25	vif	vif	NOUN
easat-9712	122	26	of	of	ADP
easat-9712	122	27	1.19	1.19	NUM
easat-9712	122	28	.	.	PUNCT
easat-9712	123	1	these	these	DET
easat-9712	123	2	values	value	NOUN
easat-9712	123	3	are	be	AUX
easat-9712	123	4	substantially	substantially	ADV
easat-9712	123	5	below	below	ADP
easat-9712	123	6	the	the	DET
easat-9712	123	7	critical	critical	ADJ
easat-9712	123	8	threshold	threshold	NOUN
easat-9712	123	9	of	of	ADP
easat-9712	123	10	10	10	NUM
easat-9712	123	11	,	,	PUNCT
easat-9712	123	12	indicating	indicate	VERB
easat-9712	123	13	the	the	DET
easat-9712	123	14	absence	absence	NOUN
easat-9712	123	15	of	of	ADP
easat-9712	123	16	multicollinearity	multicollinearity	NOUN
easat-9712	123	17	.	.	PUNCT
easat-9712	124	1	4.6	4.6	NUM
easat-9712	124	2	.	.	PUNCT
easat-9712	125	1	cross	cross	ADJ
easat-9712	125	2	-	-	ADJ
easat-9712	125	3	section	section	ADJ
easat-9712	125	4	dependency	dependency	NOUN
easat-9712	125	5	in	in	ADP
easat-9712	125	6	panel	panel	NOUN
easat-9712	125	7	data	datum	NOUN
easat-9712	125	8	models	model	NOUN
easat-9712	125	9	covering	cover	VERB
easat-9712	125	10	multiple	multiple	ADJ
easat-9712	125	11	countries	country	NOUN
easat-9712	125	12	,	,	PUNCT
easat-9712	125	13	cross	cross	ADJ
easat-9712	125	14	-	-	ADJ
easat-9712	125	15	sectional	sectional	ADJ
easat-9712	125	16	dependence	dependence	NOUN
easat-9712	125	17	can	can	AUX
easat-9712	125	18	arise	arise	VERB
easat-9712	125	19	when	when	SCONJ
easat-9712	125	20	countries	country	NOUN
easat-9712	125	21	are	be	AUX
easat-9712	125	22	exposed	expose	VERB
easat-9712	125	23	to	to	ADP
easat-9712	125	24	shared	share	VERB
easat-9712	125	25	shocks	shock	NOUN
easat-9712	125	26	.	.	PUNCT
easat-9712	126	1	if	if	SCONJ
easat-9712	126	2	left	leave	VERB
easat-9712	126	3	unaddressed	unaddresse	VERB
easat-9712	126	4	,	,	PUNCT
easat-9712	126	5	cross	cross	ADJ
easat-9712	126	6	-	-	ADJ
easat-9712	126	7	sectional	sectional	ADJ
easat-9712	126	8	dependence	dependence	NOUN
easat-9712	126	9	can	can	AUX
easat-9712	126	10	bias	bias	VERB
easat-9712	126	11	standard	standard	ADJ
easat-9712	126	12	errors	error	NOUN
easat-9712	126	13	and	and	CCONJ
easat-9712	126	14	lead	lead	VERB
easat-9712	126	15	to	to	ADP
easat-9712	126	16	invalid	invalid	ADJ
easat-9712	126	17	inferences	inference	NOUN
easat-9712	126	18	[	[	X
easat-9712	126	19	31	31	NUM
easat-9712	126	20	]	]	PUNCT
easat-9712	126	21	.	.	PUNCT
easat-9712	127	1	table	table	NOUN
easat-9712	127	2	5	5	NUM
easat-9712	127	3	.	.	PUNCT
easat-9712	127	4	cross	cross	NOUN
easat-9712	127	5	section	section	PROPN
easat-9712	127	6	dependency	dependency	NOUN
easat-9712	127	7	-	-	PUNCT
easat-9712	127	8	cd	cd	NOUN
easat-9712	127	9	test	test	NOUN
easat-9712	127	10	.	.	PUNCT
easat-9712	128	1	pesaran	pesaran	PROPN
easat-9712	128	2	’s	’s	PART
easat-9712	128	3	test	test	PROPN
easat-9712	128	4	cd	cd	PROPN
easat-9712	128	5	-	-	PUNCT
easat-9712	128	6	test	test	NOUN
easat-9712	128	7	3.334	3.334	NUM
easat-9712	128	8	p	p	NOUN
easat-9712	128	9	-	-	PUNCT
easat-9712	128	10	value	value	NOUN
easat-9712	128	11	0.0009	0.0009	NUM
easat-9712	128	12	source	source	NOUN
easat-9712	128	13	:	:	PUNCT
easat-9712	128	14	author	author	NOUN
easat-9712	128	15	’s	’s	PART
easat-9712	128	16	calculation	calculation	NOUN
easat-9712	128	17	using	use	VERB
easat-9712	128	18	stata	stata	NOUN
easat-9712	128	19	.	.	PUNCT
easat-9712	129	1	table	table	NOUN
easat-9712	129	2	5	5	NUM
easat-9712	129	3	above	above	ADV
easat-9712	129	4	shows	show	VERB
easat-9712	129	5	the	the	DET
easat-9712	129	6	presence	presence	NOUN
easat-9712	129	7	of	of	ADP
easat-9712	129	8	cross	cross	ADJ
easat-9712	129	9	-	-	ADJ
easat-9712	129	10	section	section	NOUN
easat-9712	129	11	dependency	dependency	NOUN
easat-9712	129	12	,	,	PUNCT
easat-9712	129	13	where	where	SCONJ
easat-9712	129	14	p	p	X
easat-9712	129	15	-	-	PUNCT
easat-9712	129	16	value=0.0009	value=0.0009	NOUN
easat-9712	129	17	<	<	NOUN
easat-9712	129	18	α=0.05	α=0.05	NOUN
easat-9712	129	19	,	,	PUNCT
easat-9712	129	20	the	the	DET
easat-9712	129	21	study	study	NOUN
easat-9712	129	22	addressed	address	VERB
easat-9712	129	23	it	it	PRON
easat-9712	129	24	by	by	ADP
easat-9712	129	25	applying	apply	VERB
easat-9712	129	26	the	the	DET
easat-9712	129	27	driscoll	driscoll	NOUN
easat-9712	129	28	-	-	PUNCT
easat-9712	129	29	kraay	kraay	ADV
easat-9712	129	30	robust	robust	ADJ
easat-9712	129	31	standard	standard	ADJ
easat-9712	129	32	error	error	NOUN
easat-9712	129	33	estimator	estimator	NOUN
easat-9712	129	34	,	,	PUNCT
easat-9712	129	35	which	which	PRON
easat-9712	129	36	is	be	AUX
easat-9712	129	37	specifically	specifically	ADV
easat-9712	129	38	designed	design	VERB
easat-9712	129	39	to	to	PART
easat-9712	129	40	correct	correct	VERB
easat-9712	129	41	for	for	ADP
easat-9712	129	42	heteroskedasticity	heteroskedasticity	NOUN
easat-9712	129	43	,	,	PUNCT
easat-9712	129	44	autocorrelation	autocorrelation	NOUN
easat-9712	129	45	,	,	PUNCT
easat-9712	129	46	and	and	CCONJ
easat-9712	129	47	cross	cross	ADJ
easat-9712	129	48	-	-	ADJ
easat-9712	129	49	sectional	sectional	ADJ
easat-9712	129	50	dependence	dependence	NOUN
easat-9712	129	51	in	in	ADP
easat-9712	129	52	panel	panel	NOUN
easat-9712	129	53	settings	setting	NOUN
easat-9712	129	54	[	[	X
easat-9712	129	55	32	32	NUM
easat-9712	129	56	]	]	PUNCT
easat-9712	129	57	.	.	PUNCT
easat-9712	130	1	4.7	4.7	NUM
easat-9712	130	2	.	.	PUNCT
easat-9712	131	1	heteroskedasticity	heteroskedasticity	NOUN
easat-9712	131	2	-	-	PUNCT
easat-9712	131	3	breusch	breusch	PRON
easat-9712	131	4	pagan	pagan	ADJ
easat-9712	131	5	test	test	NOUN
easat-9712	131	6	heteroskedasticity	heteroskedasticity	NOUN
easat-9712	131	7	refers	refer	VERB
easat-9712	131	8	to	to	ADP
easat-9712	131	9	a	a	DET
easat-9712	131	10	condition	condition	NOUN
easat-9712	131	11	in	in	ADP
easat-9712	131	12	which	which	PRON
easat-9712	131	13	the	the	DET
easat-9712	131	14	variance	variance	NOUN
easat-9712	131	15	of	of	ADP
easat-9712	131	16	the	the	DET
easat-9712	131	17	error	error	NOUN
easat-9712	131	18	term	term	NOUN
easat-9712	131	19	is	be	AUX
easat-9712	131	20	not	not	PART
easat-9712	131	21	constant	constant	ADJ
easat-9712	131	22	across	across	ADP
easat-9712	131	23	observations	observation	NOUN
easat-9712	131	24	.	.	PUNCT
easat-9712	132	1	this	this	PRON
easat-9712	132	2	can	can	AUX
easat-9712	132	3	lead	lead	VERB
easat-9712	132	4	to	to	ADP
easat-9712	132	5	inefficient	inefficient	ADJ
easat-9712	132	6	estimates	estimate	NOUN
easat-9712	132	7	and	and	CCONJ
easat-9712	132	8	invalid	invalid	ADJ
easat-9712	132	9	hypothesis	hypothesis	NOUN
easat-9712	132	10	testing	testing	NOUN
easat-9712	132	11	if	if	SCONJ
easat-9712	132	12	not	not	PART
easat-9712	132	13	properly	properly	ADV
easat-9712	132	14	accounted	account	VERB
easat-9712	132	15	for	for	ADP
easat-9712	132	16	[	[	X
easat-9712	132	17	33	33	NUM
easat-9712	132	18	]	]	PUNCT
easat-9712	132	19	.	.	PUNCT
easat-9712	133	1	1848	1848	NUM
easat-9712	133	2	edelweiss	edelweiss	PROPN
easat-9712	133	3	applied	apply	VERB
easat-9712	133	4	science	science	NOUN
easat-9712	133	5	and	and	CCONJ
easat-9712	133	6	technology	technology	NOUN
easat-9712	133	7	issn	issn	PROPN
easat-9712	133	8	:	:	PUNCT
easat-9712	133	9	2576	2576	NUM
easat-9712	133	10	-	-	SYM
easat-9712	133	11	8484	8484	NUM
easat-9712	133	12	vol	vol	NOUN
easat-9712	133	13	.	.	PROPN
easat-9712	134	1	9	9	NUM
easat-9712	134	2	,	,	PUNCT
easat-9712	134	3	no	no	INTJ
easat-9712	134	4	.	.	NOUN
easat-9712	134	5	8	8	NUM
easat-9712	134	6	:	:	SYM
easat-9712	134	7	1842	1842	NUM
easat-9712	134	8	-	-	SYM
easat-9712	134	9	1850	1850	NUM
easat-9712	134	10	,	,	PUNCT
easat-9712	134	11	2025	2025	NUM
easat-9712	134	12	doi	doi	NOUN
easat-9712	134	13	:	:	PUNCT
easat-9712	134	14	10.55214/2576	10.55214/2576	NUM
easat-9712	134	15	-	-	SYM
easat-9712	134	16	8484.v9i8.9712	8484.v9i8.9712	NUM
easat-9712	134	17	©	©	PROPN
easat-9712	134	18	2025	2025	NUM
easat-9712	134	19	by	by	ADP
easat-9712	134	20	the	the	DET
easat-9712	134	21	authors	author	NOUN
easat-9712	134	22	;	;	PUNCT
easat-9712	135	1	licensee	licensee	PROPN
easat-9712	135	2	learning	learn	VERB
easat-9712	135	3	gate	gate	NOUN
easat-9712	135	4	table	table	NOUN
easat-9712	135	5	6	6	NUM
easat-9712	135	6	.	.	PUNCT
easat-9712	135	7	heteroskedasticitybreusch	heteroskedasticitybreusch	PROPN
easat-9712	135	8	pagan	pagan	PROPN
easat-9712	135	9	test	test	PROPN
easat-9712	135	10	.	.	PUNCT
easat-9712	136	1	breusch	breusch	PROPN
easat-9712	136	2	pagan	pagan	PROPN
easat-9712	136	3	test	test	PROPN
easat-9712	136	4	chi2(1	chi2(1	PROPN
easat-9712	136	5	)	)	PUNCT
easat-9712	136	6	44.80	44.80	NUM
easat-9712	136	7	prob	prob	PROPN
easat-9712	136	8	>	>	SYM
easat-9712	136	9	chi2	chi2	PROPN
easat-9712	136	10	0.0000	0.0000	NUM
easat-9712	136	11	source	source	NOUN
easat-9712	136	12	:	:	PUNCT
easat-9712	136	13	author	author	NOUN
easat-9712	136	14	’s	’s	PART
easat-9712	136	15	calculation	calculation	NOUN
easat-9712	136	16	using	use	VERB
easat-9712	136	17	stata	stata	NOUN
easat-9712	136	18	.	.	PUNCT
easat-9712	137	1	as	as	SCONJ
easat-9712	137	2	reported	report	VERB
easat-9712	137	3	in	in	ADP
easat-9712	137	4	table	table	NOUN
easat-9712	137	5	vi	vi	PROPN
easat-9712	137	6	,	,	PUNCT
easat-9712	137	7	the	the	DET
easat-9712	137	8	test	test	NOUN
easat-9712	137	9	yielded	yield	VERB
easat-9712	137	10	a	a	DET
easat-9712	137	11	chi	chi	ADJ
easat-9712	137	12	-	-	PUNCT
easat-9712	137	13	square	square	ADJ
easat-9712	137	14	value	value	NOUN
easat-9712	137	15	of	of	ADP
easat-9712	137	16	44.80	44.80	NUM
easat-9712	137	17	with	with	ADP
easat-9712	137	18	a	a	DET
easat-9712	137	19	p	p	NOUN
easat-9712	137	20	-	-	PUNCT
easat-9712	137	21	value	value	NOUN
easat-9712	137	22	of	of	ADP
easat-9712	137	23	0.0000	0.0000	NUM
easat-9712	137	24	,	,	PUNCT
easat-9712	137	25	indicating	indicate	VERB
easat-9712	137	26	evidence	evidence	NOUN
easat-9712	137	27	against	against	ADP
easat-9712	137	28	the	the	DET
easat-9712	137	29	null	null	ADJ
easat-9712	137	30	hypothesis	hypothesis	NOUN
easat-9712	137	31	of	of	ADP
easat-9712	137	32	constant	constant	ADJ
easat-9712	137	33	variance	variance	NOUN
easat-9712	137	34	.	.	PUNCT
easat-9712	138	1	in	in	ADP
easat-9712	138	2	line	line	NOUN
easat-9712	138	3	with	with	ADP
easat-9712	138	4	this	this	PRON
easat-9712	138	5	,	,	PUNCT
easat-9712	138	6	the	the	DET
easat-9712	138	7	model	model	NOUN
easat-9712	138	8	was	be	AUX
easat-9712	138	9	estimated	estimate	VERB
easat-9712	138	10	using	use	VERB
easat-9712	138	11	driscoll	driscoll	NOUN
easat-9712	138	12	-	-	PUNCT
easat-9712	138	13	kraay	kraay	ADJ
easat-9712	138	14	standard	standard	ADJ
easat-9712	138	15	errors	error	NOUN
easat-9712	138	16	,	,	PUNCT
easat-9712	138	17	which	which	PRON
easat-9712	138	18	adjust	adjust	VERB
easat-9712	138	19	for	for	ADP
easat-9712	138	20	both	both	DET
easat-9712	138	21	heteroskedasticity	heteroskedasticity	NOUN
easat-9712	138	22	and	and	CCONJ
easat-9712	138	23	other	other	ADJ
easat-9712	138	24	common	common	ADJ
easat-9712	138	25	violations	violation	NOUN
easat-9712	138	26	of	of	ADP
easat-9712	138	27	classical	classical	ADJ
easat-9712	138	28	assumptions	assumption	NOUN
easat-9712	138	29	.	.	PUNCT
easat-9712	139	1	this	this	DET
easat-9712	139	2	approach	approach	NOUN
easat-9712	139	3	enhances	enhance	VERB
easat-9712	139	4	the	the	DET
easat-9712	139	5	reliability	reliability	NOUN
easat-9712	139	6	of	of	ADP
easat-9712	139	7	statistical	statistical	ADJ
easat-9712	139	8	inference	inference	NOUN
easat-9712	139	9	drawn	draw	VERB
easat-9712	139	10	from	from	ADP
easat-9712	139	11	the	the	DET
easat-9712	139	12	regression	regression	NOUN
easat-9712	139	13	coefficients	coefficient	NOUN
easat-9712	139	14	[	[	X
easat-9712	139	15	32	32	NUM
easat-9712	139	16	]	]	PUNCT
easat-9712	139	17	.	.	PUNCT
easat-9712	140	1	4.8	4.8	NUM
easat-9712	140	2	.	.	PUNCT
easat-9712	141	1	serial	serial	ADJ
easat-9712	141	2	correlation	correlation	NOUN
easat-9712	141	3	serial	serial	ADJ
easat-9712	141	4	correlation	correlation	NOUN
easat-9712	141	5	,	,	PUNCT
easat-9712	141	6	or	or	CCONJ
easat-9712	141	7	autocorrelation	autocorrelation	NOUN
easat-9712	141	8	,	,	PUNCT
easat-9712	141	9	occurs	occur	VERB
easat-9712	141	10	when	when	SCONJ
easat-9712	141	11	the	the	DET
easat-9712	141	12	residuals	residual	NOUN
easat-9712	141	13	of	of	ADP
easat-9712	141	14	a	a	DET
easat-9712	141	15	regression	regression	NOUN
easat-9712	141	16	model	model	NOUN
easat-9712	141	17	are	be	AUX
easat-9712	141	18	correlated	correlate	VERB
easat-9712	141	19	over	over	ADP
easat-9712	141	20	time	time	NOUN
easat-9712	141	21	.	.	PUNCT
easat-9712	142	1	this	this	PRON
easat-9712	142	2	violates	violate	VERB
easat-9712	142	3	the	the	DET
easat-9712	142	4	assumption	assumption	NOUN
easat-9712	142	5	of	of	ADP
easat-9712	142	6	independence	independence	NOUN
easat-9712	142	7	in	in	ADP
easat-9712	142	8	the	the	DET
easat-9712	142	9	error	error	NOUN
easat-9712	142	10	terms	term	NOUN
easat-9712	142	11	and	and	CCONJ
easat-9712	142	12	may	may	AUX
easat-9712	142	13	lead	lead	VERB
easat-9712	142	14	to	to	ADP
easat-9712	142	15	underestimated	underestimated	ADJ
easat-9712	142	16	standard	standard	ADJ
easat-9712	142	17	errors	error	NOUN
easat-9712	142	18	,	,	PUNCT
easat-9712	142	19	especially	especially	ADV
easat-9712	142	20	in	in	ADP
easat-9712	142	21	panel	panel	NOUN
easat-9712	142	22	models	model	NOUN
easat-9712	142	23	with	with	ADP
easat-9712	142	24	temporal	temporal	ADJ
easat-9712	142	25	structure	structure	NOUN
easat-9712	142	26	[	[	X
easat-9712	142	27	34	34	NUM
easat-9712	142	28	]	]	PUNCT
easat-9712	142	29	.	.	PUNCT
easat-9712	143	1	table	table	NOUN
easat-9712	143	2	7	7	NUM
easat-9712	143	3	.	.	PUNCT
easat-9712	143	4	serial	serial	ADJ
easat-9712	143	5	correlation	correlation	NOUN
easat-9712	143	6	.	.	PUNCT
easat-9712	144	1	lagrange	lagrange	PROPN
easat-9712	144	2	multiplier	multipli	ADJ
easat-9712	144	3	test	test	NOUN
easat-9712	144	4	f(1,11	f(1,11	NOUN
easat-9712	144	5	)	)	PUNCT
easat-9712	144	6	256.680	256.680	NUM
easat-9712	144	7	prob	prob	NOUN
easat-9712	144	8	>	>	X
easat-9712	144	9	f	f	PROPN
easat-9712	145	1	0.0000	0.0000	NUM
easat-9712	145	2	the	the	DET
easat-9712	145	3	lagrange	lagrange	PROPN
easat-9712	145	4	multiplier	multipli	ADJ
easat-9712	145	5	test	test	NOUN
easat-9712	145	6	was	be	AUX
easat-9712	145	7	applied	apply	VERB
easat-9712	145	8	to	to	PART
easat-9712	145	9	detect	detect	VERB
easat-9712	145	10	the	the	DET
easat-9712	145	11	presence	presence	NOUN
easat-9712	145	12	of	of	ADP
easat-9712	145	13	first	first	ADJ
easat-9712	145	14	-	-	PUNCT
easat-9712	145	15	order	order	NOUN
easat-9712	145	16	serial	serial	ADJ
easat-9712	145	17	correlation	correlation	NOUN
easat-9712	145	18	in	in	ADP
easat-9712	145	19	the	the	DET
easat-9712	145	20	panel	panel	NOUN
easat-9712	145	21	data	datum	NOUN
easat-9712	145	22	.	.	PUNCT
easat-9712	146	1	as	as	SCONJ
easat-9712	146	2	shown	show	VERB
easat-9712	146	3	in	in	ADP
easat-9712	146	4	table	table	NOUN
easat-9712	146	5	7	7	NUM
easat-9712	146	6	,	,	PUNCT
easat-9712	146	7	the	the	DET
easat-9712	146	8	test	test	NOUN
easat-9712	146	9	reports	report	VERB
easat-9712	146	10	an	an	DET
easat-9712	146	11	f	f	NOUN
easat-9712	146	12	-	-	PUNCT
easat-9712	146	13	statistic	statistic	NOUN
easat-9712	146	14	of	of	ADP
easat-9712	146	15	256.68	256.68	NUM
easat-9712	146	16	with	with	ADP
easat-9712	146	17	a	a	DET
easat-9712	146	18	p	p	NOUN
easat-9712	146	19	-	-	PUNCT
easat-9712	146	20	value	value	NOUN
easat-9712	146	21	of	of	ADP
easat-9712	146	22	0.0000	0.0000	NUM
easat-9712	146	23	,	,	PUNCT
easat-9712	146	24	leading	lead	VERB
easat-9712	146	25	to	to	ADP
easat-9712	146	26	a	a	DET
easat-9712	146	27	rejection	rejection	NOUN
easat-9712	146	28	of	of	ADP
easat-9712	146	29	the	the	DET
easat-9712	146	30	null	null	ADJ
easat-9712	146	31	hypothesis	hypothesis	NOUN
easat-9712	146	32	of	of	ADP
easat-9712	146	33	no	no	DET
easat-9712	146	34	serial	serial	ADJ
easat-9712	146	35	correlation	correlation	NOUN
easat-9712	146	36	.	.	PUNCT
easat-9712	147	1	the	the	DET
easat-9712	147	2	result	result	NOUN
easat-9712	147	3	confirms	confirm	VERB
easat-9712	147	4	that	that	SCONJ
easat-9712	147	5	autocorrelation	autocorrelation	NOUN
easat-9712	147	6	is	be	AUX
easat-9712	147	7	present	present	ADJ
easat-9712	147	8	,	,	PUNCT
easat-9712	147	9	justifying	justify	VERB
easat-9712	147	10	the	the	DET
easat-9712	147	11	use	use	NOUN
easat-9712	147	12	of	of	ADP
easat-9712	147	13	the	the	DET
easat-9712	147	14	driscoll	driscoll	NOUN
easat-9712	147	15	-	-	PUNCT
easat-9712	147	16	kraay	kraay	ADJ
easat-9712	147	17	fixed	fix	VERB
easat-9712	147	18	effects	effect	NOUN
easat-9712	147	19	estimator	estimator	NOUN
easat-9712	147	20	,	,	PUNCT
easat-9712	147	21	which	which	PRON
easat-9712	147	22	is	be	AUX
easat-9712	147	23	robust	robust	ADJ
easat-9712	147	24	to	to	ADP
easat-9712	147	25	such	such	ADJ
easat-9712	147	26	time	time	NOUN
easat-9712	147	27	-	-	PUNCT
easat-9712	147	28	dependent	dependent	ADJ
easat-9712	147	29	errors	error	NOUN
easat-9712	147	30	.	.	PUNCT
easat-9712	148	1	5	5	X
easat-9712	148	2	.	.	X
easat-9712	148	3	conclusions	conclusion	NOUN
easat-9712	148	4	,	,	PUNCT
easat-9712	148	5	findings	finding	NOUN
easat-9712	148	6	,	,	PUNCT
easat-9712	148	7	and	and	CCONJ
easat-9712	148	8	recommendations	recommendation	NOUN
easat-9712	148	9	this	this	DET
easat-9712	148	10	study	study	NOUN
easat-9712	148	11	examined	examine	VERB
easat-9712	148	12	the	the	DET
easat-9712	148	13	impact	impact	NOUN
easat-9712	148	14	of	of	ADP
easat-9712	148	15	the	the	DET
easat-9712	148	16	interaction	interaction	NOUN
easat-9712	148	17	between	between	ADP
easat-9712	148	18	financial	financial	ADJ
easat-9712	148	19	institution	institution	NOUN
easat-9712	148	20	development	development	NOUN
easat-9712	148	21	(	(	PUNCT
easat-9712	148	22	fid	fid	NOUN
easat-9712	148	23	)	)	PUNCT
easat-9712	148	24	and	and	CCONJ
easat-9712	148	25	financial	financial	ADJ
easat-9712	148	26	market	market	NOUN
easat-9712	148	27	development	development	NOUN
easat-9712	148	28	(	(	PUNCT
easat-9712	148	29	fmd	fmd	NOUN
easat-9712	148	30	)	)	PUNCT
easat-9712	148	31	on	on	ADP
easat-9712	148	32	economic	economic	ADJ
easat-9712	148	33	growth	growth	NOUN
easat-9712	148	34	across	across	ADP
easat-9712	148	35	twelve	twelve	NUM
easat-9712	148	36	mena	mena	NOUN
easat-9712	148	37	countries	country	NOUN
easat-9712	148	38	over	over	ADP
easat-9712	148	39	the	the	DET
easat-9712	148	40	period	period	NOUN
easat-9712	148	41	1990–2023	1990–2023	NUM
easat-9712	148	42	.	.	PUNCT
easat-9712	149	1	utilizing	utilize	VERB
easat-9712	149	2	the	the	DET
easat-9712	149	3	driscoll	driscoll	NOUN
easat-9712	149	4	-	-	PUNCT
easat-9712	149	5	kraay	kraay	ADJ
easat-9712	149	6	fixed	fix	VERB
easat-9712	149	7	effects	effect	NOUN
easat-9712	149	8	estimator	estimator	NOUN
easat-9712	149	9	to	to	PART
easat-9712	149	10	address	address	VERB
easat-9712	149	11	potential	potential	ADJ
easat-9712	149	12	crosssectional	crosssectional	ADJ
easat-9712	149	13	dependence	dependence	NOUN
easat-9712	149	14	,	,	PUNCT
easat-9712	149	15	heteroskedasticity	heteroskedasticity	NOUN
easat-9712	149	16	,	,	PUNCT
easat-9712	149	17	and	and	CCONJ
easat-9712	149	18	serial	serial	ADJ
easat-9712	149	19	correlation	correlation	NOUN
easat-9712	149	20	,	,	PUNCT
easat-9712	149	21	the	the	DET
easat-9712	149	22	analysis	analysis	NOUN
easat-9712	149	23	reveals	reveal	VERB
easat-9712	149	24	that	that	SCONJ
easat-9712	149	25	a	a	DET
easat-9712	149	26	one	one	NUM
easat-9712	149	27	-	-	PUNCT
easat-9712	149	28	unit	unit	NOUN
easat-9712	149	29	increase	increase	NOUN
easat-9712	149	30	in	in	ADP
easat-9712	149	31	the	the	DET
easat-9712	149	32	interaction	interaction	NOUN
easat-9712	149	33	term	term	NOUN
easat-9712	149	34	(	(	PUNCT
easat-9712	149	35	inter	inter	ADJ
easat-9712	149	36	)	)	PUNCT
easat-9712	149	37	is	be	AUX
easat-9712	149	38	associated	associate	VERB
easat-9712	149	39	with	with	ADP
easat-9712	149	40	a	a	DET
easat-9712	149	41	statistically	statistically	ADV
easat-9712	149	42	significant	significant	ADJ
easat-9712	149	43	1.39	1.39	NUM
easat-9712	149	44	percentage	percentage	NOUN
easat-9712	149	45	point	point	NOUN
easat-9712	149	46	increase	increase	NOUN
easat-9712	149	47	in	in	ADP
easat-9712	149	48	gdp	gdp	NOUN
easat-9712	149	49	per	per	ADP
easat-9712	149	50	capita	capita	NOUN
easat-9712	149	51	.	.	PUNCT
easat-9712	150	1	this	this	DET
easat-9712	150	2	finding	finding	NOUN
easat-9712	150	3	highlights	highlight	VERB
easat-9712	150	4	the	the	DET
easat-9712	150	5	critical	critical	ADJ
easat-9712	150	6	role	role	NOUN
easat-9712	150	7	of	of	ADP
easat-9712	150	8	the	the	DET
easat-9712	150	9	simultaneous	simultaneous	ADJ
easat-9712	150	10	advancement	advancement	NOUN
easat-9712	150	11	of	of	ADP
easat-9712	150	12	banking	banking	NOUN
easat-9712	150	13	institutions	institution	NOUN
easat-9712	150	14	and	and	CCONJ
easat-9712	150	15	capital	capital	NOUN
easat-9712	150	16	markets	market	NOUN
easat-9712	150	17	in	in	ADP
easat-9712	150	18	driving	drive	VERB
easat-9712	150	19	economic	economic	ADJ
easat-9712	150	20	growth	growth	NOUN
easat-9712	150	21	within	within	ADP
easat-9712	150	22	the	the	DET
easat-9712	150	23	region	region	NOUN
easat-9712	150	24	.	.	PUNCT
easat-9712	151	1	these	these	DET
easat-9712	151	2	results	result	NOUN
easat-9712	151	3	corroborate	corroborate	VERB
easat-9712	151	4	recent	recent	ADJ
easat-9712	151	5	empirical	empirical	ADJ
easat-9712	151	6	literature	literature	NOUN
easat-9712	151	7	emphasizing	emphasize	VERB
easat-9712	151	8	the	the	DET
easat-9712	151	9	complementary	complementary	ADJ
easat-9712	151	10	and	and	CCONJ
easat-9712	151	11	mutually	mutually	ADV
easat-9712	151	12	reinforcing	reinforce	VERB
easat-9712	151	13	functions	function	NOUN
easat-9712	151	14	of	of	ADP
easat-9712	151	15	financial	financial	ADJ
easat-9712	151	16	institutions	institution	NOUN
easat-9712	151	17	and	and	CCONJ
easat-9712	151	18	markets	market	NOUN
easat-9712	151	19	in	in	ADP
easat-9712	151	20	fostering	foster	VERB
easat-9712	151	21	economic	economic	ADJ
easat-9712	151	22	development	development	NOUN
easat-9712	151	23	[	[	X
easat-9712	151	24	35	35	NUM
easat-9712	151	25	]	]	PUNCT
easat-9712	151	26	.	.	PUNCT
easat-9712	152	1	coordinated	coordinate	VERB
easat-9712	152	2	strengthening	strengthening	NOUN
easat-9712	152	3	of	of	ADP
easat-9712	152	4	both	both	DET
easat-9712	152	5	sectors	sector	NOUN
easat-9712	152	6	facilitates	facilitate	VERB
easat-9712	152	7	more	more	ADV
easat-9712	152	8	efficient	efficient	ADJ
easat-9712	152	9	capital	capital	NOUN
easat-9712	152	10	allocation	allocation	NOUN
easat-9712	152	11	,	,	PUNCT
easat-9712	152	12	risk	risk	NOUN
easat-9712	152	13	sharing	sharing	NOUN
easat-9712	152	14	,	,	PUNCT
easat-9712	152	15	and	and	CCONJ
easat-9712	152	16	ultimately	ultimately	ADV
easat-9712	152	17	supports	support	VERB
easat-9712	152	18	sustained	sustained	ADJ
easat-9712	152	19	productivity	productivity	NOUN
easat-9712	152	20	improvements	improvement	NOUN
easat-9712	152	21	.	.	PUNCT
easat-9712	153	1	given	give	VERB
easat-9712	153	2	the	the	DET
easat-9712	153	3	predominance	predominance	NOUN
easat-9712	153	4	of	of	ADP
easat-9712	153	5	banking	banking	NOUN
easat-9712	153	6	institutions	institution	NOUN
easat-9712	153	7	in	in	ADP
easat-9712	153	8	mena	mena	PROPN
easat-9712	153	9	economies	economy	NOUN
easat-9712	153	10	,	,	PUNCT
easat-9712	153	11	enhancing	enhance	VERB
easat-9712	153	12	capital	capital	NOUN
easat-9712	153	13	market	market	NOUN
easat-9712	153	14	infrastructure	infrastructure	NOUN
easat-9712	153	15	—	—	PUNCT
easat-9712	153	16	such	such	ADJ
easat-9712	153	17	as	as	ADP
easat-9712	153	18	developing	develop	VERB
easat-9712	153	19	corporate	corporate	ADJ
easat-9712	153	20	bond	bond	NOUN
easat-9712	153	21	markets	market	NOUN
easat-9712	153	22	and	and	CCONJ
easat-9712	153	23	improving	improve	VERB
easat-9712	153	24	investor	investor	NOUN
easat-9712	153	25	protections	protection	NOUN
easat-9712	153	26	—	—	PUNCT
easat-9712	153	27	can	can	AUX
easat-9712	153	28	unlock	unlock	VERB
easat-9712	153	29	new	new	ADJ
easat-9712	153	30	growth	growth	NOUN
easat-9712	153	31	pathways	pathway	NOUN
easat-9712	153	32	and	and	CCONJ
easat-9712	153	33	diversify	diversify	VERB
easat-9712	153	34	financing	financing	NOUN
easat-9712	153	35	sources	source	NOUN
easat-9712	153	36	[	[	X
easat-9712	153	37	8	8	NUM
easat-9712	153	38	]	]	PUNCT
easat-9712	153	39	.	.	PUNCT
easat-9712	154	1	regarding	regard	VERB
easat-9712	154	2	control	control	NOUN
easat-9712	154	3	variables	variable	NOUN
easat-9712	154	4	,	,	PUNCT
easat-9712	154	5	trade	trade	NOUN
easat-9712	154	6	openness	openness	NOUN
easat-9712	154	7	exhibited	exhibit	VERB
easat-9712	154	8	only	only	ADV
easat-9712	154	9	a	a	DET
easat-9712	154	10	weak	weak	ADJ
easat-9712	154	11	and	and	CCONJ
easat-9712	154	12	statistically	statistically	ADV
easat-9712	154	13	insignificant	insignificant	ADJ
easat-9712	154	14	association	association	NOUN
easat-9712	154	15	with	with	ADP
easat-9712	154	16	growth	growth	NOUN
easat-9712	154	17	in	in	ADP
easat-9712	154	18	the	the	DET
easat-9712	154	19	fixed	fix	VERB
easat-9712	154	20	effects	effect	NOUN
easat-9712	154	21	specification	specification	NOUN
easat-9712	154	22	,	,	PUNCT
easat-9712	154	23	consistent	consistent	ADJ
easat-9712	154	24	with	with	ADP
easat-9712	154	25	findings	finding	NOUN
easat-9712	154	26	that	that	PRON
easat-9712	154	27	trade	trade	NOUN
easat-9712	154	28	liberalization	liberalization	NOUN
easat-9712	154	29	alone	alone	ADV
easat-9712	154	30	does	do	AUX
easat-9712	154	31	not	not	PART
easat-9712	154	32	guarantee	guarantee	VERB
easat-9712	154	33	growth	growth	NOUN
easat-9712	154	34	without	without	ADP
easat-9712	154	35	complementary	complementary	ADJ
easat-9712	154	36	policies	policy	NOUN
easat-9712	154	37	such	such	ADJ
easat-9712	154	38	as	as	ADP
easat-9712	154	39	institutional	institutional	ADJ
easat-9712	154	40	strengthening	strengthening	NOUN
easat-9712	154	41	and	and	CCONJ
easat-9712	154	42	export	export	NOUN
easat-9712	154	43	diversification	diversification	NOUN
easat-9712	154	44	[	[	X
easat-9712	154	45	6	6	NUM
easat-9712	154	46	,	,	PUNCT
easat-9712	154	47	36	36	NUM
easat-9712	154	48	]	]	PUNCT
easat-9712	154	49	.	.	PUNCT
easat-9712	155	1	foreign	foreign	ADJ
easat-9712	155	2	direct	direct	ADJ
easat-9712	155	3	investment	investment	NOUN
easat-9712	155	4	(	(	PUNCT
easat-9712	155	5	fdi	fdi	NOUN
easat-9712	155	6	)	)	PUNCT
easat-9712	155	7	also	also	ADV
easat-9712	155	8	showed	show	VERB
easat-9712	155	9	no	no	DET
easat-9712	155	10	significant	significant	ADJ
easat-9712	155	11	effect	effect	NOUN
easat-9712	155	12	,	,	PUNCT
easat-9712	155	13	reflecting	reflect	VERB
easat-9712	155	14	evidence	evidence	NOUN
easat-9712	155	15	that	that	SCONJ
easat-9712	155	16	fdi	fdi	NOUN
easat-9712	155	17	’s	’s	PART
easat-9712	155	18	growth	growth	NOUN
easat-9712	155	19	contributions	contribution	NOUN
easat-9712	155	20	are	be	AUX
easat-9712	155	21	conditional	conditional	ADJ
easat-9712	155	22	on	on	ADP
easat-9712	155	23	host	host	NOUN
easat-9712	155	24	countries	country	NOUN
easat-9712	155	25	’	’	PART
easat-9712	155	26	absorptive	absorptive	ADJ
easat-9712	155	27	capacities	capacity	NOUN
easat-9712	155	28	and	and	CCONJ
easat-9712	155	29	institutional	institutional	ADJ
easat-9712	155	30	quality	quality	NOUN
easat-9712	155	31	[	[	X
easat-9712	155	32	37	37	NUM
easat-9712	155	33	]	]	PUNCT
easat-9712	155	34	.	.	PUNCT
easat-9712	156	1	government	government	NOUN
easat-9712	156	2	expenditure	expenditure	NOUN
easat-9712	156	3	emerged	emerge	VERB
easat-9712	156	4	as	as	ADP
easat-9712	156	5	the	the	DET
easat-9712	156	6	1849	1849	NUM
easat-9712	156	7	edelweiss	edelweiss	PROPN
easat-9712	156	8	applied	apply	VERB
easat-9712	156	9	science	science	NOUN
easat-9712	156	10	and	and	CCONJ
easat-9712	156	11	technology	technology	NOUN
easat-9712	156	12	issn	issn	PROPN
easat-9712	156	13	:	:	PUNCT
easat-9712	156	14	2576	2576	NUM
easat-9712	156	15	-	-	SYM
easat-9712	156	16	8484	8484	NUM
easat-9712	156	17	vol	vol	NOUN
easat-9712	156	18	.	.	PROPN
easat-9712	157	1	9	9	NUM
easat-9712	157	2	,	,	PUNCT
easat-9712	157	3	no	no	INTJ
easat-9712	157	4	.	.	NOUN
easat-9712	157	5	8	8	NUM
easat-9712	157	6	:	:	SYM
easat-9712	157	7	1842	1842	NUM
easat-9712	157	8	-	-	SYM
easat-9712	157	9	1850	1850	NUM
easat-9712	157	10	,	,	PUNCT
easat-9712	157	11	2025	2025	NUM
easat-9712	157	12	doi	doi	NOUN
easat-9712	157	13	:	:	PUNCT
easat-9712	157	14	10.55214/2576	10.55214/2576	NUM
easat-9712	157	15	-	-	SYM
easat-9712	157	16	8484.v9i8.9712	8484.v9i8.9712	NUM
easat-9712	157	17	©	©	PROPN
easat-9712	157	18	2025	2025	NUM
easat-9712	157	19	by	by	ADP
easat-9712	157	20	the	the	DET
easat-9712	157	21	authors	author	NOUN
easat-9712	157	22	;	;	PUNCT
easat-9712	157	23	licensee	licensee	PROPN
easat-9712	157	24	learning	learning	NOUN
easat-9712	157	25	gate	gate	VERB
easat-9712	158	1	only	only	ADV
easat-9712	158	2	control	control	VERB
easat-9712	158	3	variable	variable	NOUN
easat-9712	158	4	with	with	ADP
easat-9712	158	5	a	a	DET
easat-9712	158	6	statistically	statistically	ADV
easat-9712	158	7	significant	significant	ADJ
easat-9712	158	8	negative	negative	ADJ
easat-9712	158	9	impact	impact	NOUN
easat-9712	158	10	on	on	ADP
easat-9712	158	11	growth	growth	NOUN
easat-9712	158	12	,	,	PUNCT
easat-9712	158	13	possibly	possibly	ADV
easat-9712	158	14	attributable	attributable	ADJ
easat-9712	158	15	to	to	ADP
easat-9712	158	16	inefficiencies	inefficiency	NOUN
easat-9712	158	17	in	in	ADP
easat-9712	158	18	public	public	ADJ
easat-9712	158	19	spending	spending	NOUN
easat-9712	158	20	or	or	CCONJ
easat-9712	158	21	crowding	crowd	VERB
easat-9712	158	22	-	-	PUNCT
easat-9712	158	23	out	out	ADP
easat-9712	158	24	effects	effect	NOUN
easat-9712	158	25	on	on	ADP
easat-9712	158	26	private	private	ADJ
easat-9712	158	27	sector	sector	NOUN
easat-9712	158	28	investment	investment	NOUN
easat-9712	158	29	[	[	X
easat-9712	158	30	22	22	NUM
easat-9712	158	31	,	,	PUNCT
easat-9712	158	32	38	38	NUM
easat-9712	158	33	]	]	PUNCT
easat-9712	158	34	.	.	PUNCT
easat-9712	159	1	in	in	ADP
easat-9712	159	2	conclusion	conclusion	NOUN
easat-9712	159	3	,	,	PUNCT
easat-9712	159	4	the	the	DET
easat-9712	159	5	findings	finding	NOUN
easat-9712	159	6	underscore	underscore	VERB
easat-9712	159	7	the	the	DET
easat-9712	159	8	importance	importance	NOUN
easat-9712	159	9	of	of	ADP
easat-9712	159	10	integrated	integrate	VERB
easat-9712	159	11	financial	financial	ADJ
easat-9712	159	12	sector	sector	NOUN
easat-9712	159	13	strategies	strategy	NOUN
easat-9712	159	14	that	that	PRON
easat-9712	159	15	simultaneously	simultaneously	ADV
easat-9712	159	16	promote	promote	VERB
easat-9712	159	17	the	the	DET
easat-9712	159	18	development	development	NOUN
easat-9712	159	19	of	of	ADP
easat-9712	159	20	financial	financial	ADJ
easat-9712	159	21	institutions	institution	NOUN
easat-9712	159	22	and	and	CCONJ
easat-9712	159	23	markets	market	NOUN
easat-9712	159	24	to	to	PART
easat-9712	159	25	foster	foster	VERB
easat-9712	159	26	inclusive	inclusive	ADJ
easat-9712	159	27	,	,	PUNCT
easat-9712	159	28	diversified	diversified	ADJ
easat-9712	159	29	,	,	PUNCT
easat-9712	159	30	and	and	CCONJ
easat-9712	159	31	sustainable	sustainable	ADJ
easat-9712	159	32	economic	economic	ADJ
easat-9712	159	33	growth	growth	NOUN
easat-9712	159	34	in	in	ADP
easat-9712	159	35	the	the	DET
easat-9712	159	36	mena	mena	PROPN
easat-9712	159	37	region	region	PROPN
easat-9712	159	38	.	.	PUNCT
easat-9712	160	1	policymakers	policymaker	NOUN
easat-9712	160	2	should	should	AUX
easat-9712	160	3	prioritize	prioritize	VERB
easat-9712	160	4	reforms	reform	NOUN
easat-9712	160	5	that	that	PRON
easat-9712	160	6	deepen	deepen	VERB
easat-9712	160	7	financial	financial	ADJ
easat-9712	160	8	markets	market	NOUN
easat-9712	160	9	alongside	alongside	ADP
easat-9712	160	10	enhancing	enhance	VERB
easat-9712	160	11	banking	banking	NOUN
easat-9712	160	12	sector	sector	NOUN
easat-9712	160	13	efficiency	efficiency	NOUN
easat-9712	160	14	to	to	PART
easat-9712	160	15	capitalize	capitalize	VERB
easat-9712	160	16	on	on	ADP
easat-9712	160	17	their	their	PRON
easat-9712	160	18	synergistic	synergistic	ADJ
easat-9712	160	19	growth	growth	NOUN
easat-9712	160	20	effects	effect	NOUN
easat-9712	160	21	.	.	PUNCT
easat-9712	161	1	future	future	ADJ
easat-9712	161	2	research	research	NOUN
easat-9712	161	3	could	could	AUX
easat-9712	161	4	extend	extend	VERB
easat-9712	161	5	these	these	DET
easat-9712	161	6	insights	insight	NOUN
easat-9712	161	7	by	by	ADP
easat-9712	161	8	incorporating	incorporate	VERB
easat-9712	161	9	measures	measure	NOUN
easat-9712	161	10	of	of	ADP
easat-9712	161	11	institutional	institutional	ADJ
easat-9712	161	12	quality	quality	NOUN
easat-9712	161	13	,	,	PUNCT
easat-9712	161	14	governance	governance	NOUN
easat-9712	161	15	,	,	PUNCT
easat-9712	161	16	and	and	CCONJ
easat-9712	161	17	technological	technological	ADJ
easat-9712	161	18	innovation	innovation	NOUN
easat-9712	161	19	to	to	PART
easat-9712	161	20	better	well	ADV
easat-9712	161	21	understand	understand	VERB
easat-9712	161	22	the	the	DET
easat-9712	161	23	evolving	evolve	VERB
easat-9712	161	24	dynamics	dynamic	NOUN
easat-9712	161	25	of	of	ADP
easat-9712	161	26	financial	financial	ADJ
easat-9712	161	27	development	development	NOUN
easat-9712	161	28	in	in	ADP
easat-9712	161	29	emerging	emerge	VERB
easat-9712	161	30	economies	economy	NOUN
easat-9712	161	31	.	.	PUNCT
easat-9712	162	1	transparency	transparency	NOUN
easat-9712	162	2	:	:	PUNCT
easat-9712	162	3	the	the	DET
easat-9712	162	4	authors	author	NOUN
easat-9712	162	5	confirm	confirm	VERB
easat-9712	162	6	that	that	SCONJ
easat-9712	162	7	the	the	DET
easat-9712	162	8	manuscript	manuscript	NOUN
easat-9712	162	9	is	be	AUX
easat-9712	162	10	an	an	DET
easat-9712	162	11	honest	honest	ADJ
easat-9712	162	12	,	,	PUNCT
easat-9712	162	13	accurate	accurate	ADJ
easat-9712	162	14	,	,	PUNCT
easat-9712	162	15	and	and	CCONJ
easat-9712	162	16	transparent	transparent	ADJ
easat-9712	162	17	account	account	NOUN
easat-9712	162	18	of	of	ADP
easat-9712	162	19	the	the	DET
easat-9712	162	20	study	study	NOUN
easat-9712	162	21	;	;	PUNCT
easat-9712	162	22	that	that	SCONJ
easat-9712	162	23	no	no	DET
easat-9712	162	24	vital	vital	ADJ
easat-9712	162	25	features	feature	NOUN
easat-9712	162	26	of	of	ADP
easat-9712	162	27	the	the	DET
easat-9712	162	28	study	study	NOUN
easat-9712	162	29	have	have	AUX
easat-9712	162	30	been	be	AUX
easat-9712	162	31	omitted	omit	VERB
easat-9712	162	32	;	;	PUNCT
easat-9712	162	33	and	and	CCONJ
easat-9712	162	34	that	that	SCONJ
easat-9712	162	35	any	any	DET
easat-9712	162	36	discrepancies	discrepancy	NOUN
easat-9712	162	37	from	from	ADP
easat-9712	162	38	the	the	DET
easat-9712	162	39	study	study	NOUN
easat-9712	162	40	as	as	SCONJ
easat-9712	162	41	planned	plan	VERB
easat-9712	162	42	have	have	AUX
easat-9712	162	43	been	be	AUX
easat-9712	162	44	explained	explain	VERB
easat-9712	162	45	.	.	PUNCT
easat-9712	163	1	this	this	DET
easat-9712	163	2	study	study	NOUN
easat-9712	163	3	followed	follow	VERB
easat-9712	163	4	all	all	DET
easat-9712	163	5	ethical	ethical	ADJ
easat-9712	163	6	practices	practice	NOUN
easat-9712	163	7	during	during	ADP
easat-9712	163	8	writing	writing	NOUN
easat-9712	163	9	.	.	PUNCT
easat-9712	164	1	copyright	copyright	NOUN
easat-9712	164	2	:	:	PUNCT
easat-9712	164	3	©	©	PROPN
easat-9712	164	4	2025	2025	NUM
easat-9712	164	5	by	by	ADP
easat-9712	164	6	the	the	DET
easat-9712	164	7	authors	author	NOUN
easat-9712	164	8	.	.	PUNCT
easat-9712	165	1	this	this	DET
easat-9712	165	2	open	open	ADJ
easat-9712	165	3	-	-	PUNCT
easat-9712	165	4	access	access	NOUN
easat-9712	165	5	article	article	NOUN
easat-9712	165	6	is	be	AUX
easat-9712	165	7	distributed	distribute	VERB
easat-9712	165	8	under	under	ADP
easat-9712	165	9	the	the	DET
easat-9712	165	10	terms	term	NOUN
easat-9712	165	11	and	and	CCONJ
easat-9712	165	12	conditions	condition	NOUN
easat-9712	165	13	of	of	ADP
easat-9712	165	14	the	the	DET
easat-9712	165	15	creative	creative	ADJ
easat-9712	165	16	commons	common	NOUN
easat-9712	165	17	attribution	attribution	NOUN
easat-9712	165	18	(	(	PUNCT
easat-9712	165	19	cc	cc	NOUN
easat-9712	165	20	by	by	ADP
easat-9712	165	21	)	)	PUNCT
easat-9712	165	22	license	license	NOUN
easat-9712	165	23	(	(	PUNCT
easat-9712	165	24	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-9712	165	25	)	)	PUNCT
easat-9712	165	26	.	.	PUNCT
easat-9712	166	1	references	reference	NOUN
easat-9712	166	2	[	[	X
easat-9712	166	3	1	1	X
easat-9712	166	4	]	]	PUNCT
easat-9712	166	5	t.	t.	PROPN
easat-9712	166	6	beck	beck	PROPN
easat-9712	166	7	,	,	PUNCT
easat-9712	166	8	a.	a.	PROPN
easat-9712	166	9	demirgüç	demirgüç	PROPN
easat-9712	166	10	-	-	PUNCT
easat-9712	166	11	kunt	kunt	PROPN
easat-9712	166	12	,	,	PUNCT
easat-9712	166	13	and	and	CCONJ
easat-9712	166	14	r.	r.	PROPN
easat-9712	166	15	levine	levine	PROPN
easat-9712	166	16	,	,	PUNCT
easat-9712	166	17	"	"	PUNCT
easat-9712	166	18	finance	finance	NOUN
easat-9712	166	19	and	and	CCONJ
easat-9712	166	20	economic	economic	ADJ
easat-9712	166	21	growth	growth	NOUN
easat-9712	166	22	:	:	PUNCT
easat-9712	166	23	theory	theory	NOUN
easat-9712	166	24	and	and	CCONJ
easat-9712	166	25	evidence	evidence	NOUN
easat-9712	166	26	,	,	PUNCT
easat-9712	166	27	"	"	PUNCT
easat-9712	166	28	journal	journal	NOUN
easat-9712	166	29	of	of	ADP
easat-9712	166	30	economic	economic	ADJ
easat-9712	166	31	literature	literature	NOUN
easat-9712	166	32	,	,	PUNCT
easat-9712	166	33	vol	vol	NOUN
easat-9712	166	34	.	.	PROPN
easat-9712	166	35	60	60	NUM
easat-9712	166	36	,	,	PUNCT
easat-9712	166	37	no	no	INTJ
easat-9712	166	38	.	.	NOUN
easat-9712	166	39	3	3	NUM
easat-9712	166	40	,	,	PUNCT
easat-9712	166	41	pp	pp	ADJ
easat-9712	166	42	.	.	PUNCT
easat-9712	167	1	1129–1177	1129–1177	NUM
easat-9712	167	2	,	,	PUNCT
easat-9712	167	3	2022	2022	NUM
easat-9712	167	4	.	.	PUNCT
easat-9712	168	1	[	[	X
easat-9712	168	2	2	2	X
easat-9712	168	3	]	]	PUNCT
easat-9712	168	4	t.	t.	PROPN
easat-9712	168	5	beck	beck	PROPN
easat-9712	168	6	and	and	CCONJ
easat-9712	168	7	r.	r.	PROPN
easat-9712	168	8	levine	levine	PROPN
easat-9712	168	9	,	,	PUNCT
easat-9712	168	10	"	"	PUNCT
easat-9712	168	11	stock	stock	NOUN
easat-9712	168	12	markets	market	NOUN
easat-9712	168	13	,	,	PUNCT
easat-9712	168	14	banks	bank	NOUN
easat-9712	168	15	,	,	PUNCT
easat-9712	168	16	and	and	CCONJ
easat-9712	168	17	growth	growth	NOUN
easat-9712	168	18	:	:	PUNCT
easat-9712	168	19	panel	panel	NOUN
easat-9712	168	20	evidence	evidence	NOUN
easat-9712	168	21	,	,	PUNCT
easat-9712	168	22	"	"	PUNCT
easat-9712	168	23	journal	journal	NOUN
easat-9712	168	24	of	of	ADP
easat-9712	168	25	banking	banking	NOUN
easat-9712	168	26	&	&	CCONJ
easat-9712	168	27	finance	finance	PROPN
easat-9712	168	28	,	,	PUNCT
easat-9712	168	29	vol	vol	NOUN
easat-9712	168	30	.	.	PROPN
easat-9712	168	31	28	28	NUM
easat-9712	168	32	,	,	PUNCT
easat-9712	168	33	no	no	INTJ
easat-9712	168	34	.	.	NOUN
easat-9712	168	35	3	3	NUM
easat-9712	168	36	,	,	PUNCT
easat-9712	168	37	pp	pp	ADJ
easat-9712	168	38	.	.	PUNCT
easat-9712	169	1	423	423	NUM
easat-9712	169	2	-	-	SYM
easat-9712	169	3	442	442	NUM
easat-9712	169	4	,	,	PUNCT
easat-9712	169	5	2004	2004	NUM
easat-9712	169	6	.	.	PUNCT
easat-9712	170	1	https://doi.org/10.1016/s0378-4266(02)00408-9	https://doi.org/10.1016/s0378-4266(02)00408-9	PROPN
easat-9712	171	1	[	[	X
easat-9712	171	2	3	3	NUM
easat-9712	171	3	]	]	X
easat-9712	171	4	m.	m.	NOUN
easat-9712	171	5	čihák	čihák	NOUN
easat-9712	171	6	,	,	PUNCT
easat-9712	171	7	a.	a.	NOUN
easat-9712	171	8	demirgüç‑kunt	demirgüç‑kunt	PROPN
easat-9712	171	9	,	,	PUNCT
easat-9712	171	10	e.	e.	PROPN
easat-9712	171	11	feyen	feyen	PROPN
easat-9712	171	12	,	,	PUNCT
easat-9712	171	13	and	and	CCONJ
easat-9712	171	14	r.	r.	PROPN
easat-9712	171	15	levine	levine	PROPN
easat-9712	171	16	,	,	PUNCT
easat-9712	171	17	"	"	PUNCT
easat-9712	171	18	financial	financial	ADJ
easat-9712	171	19	development	development	NOUN
easat-9712	171	20	in	in	ADP
easat-9712	171	21	205	205	NUM
easat-9712	171	22	economies	economy	NOUN
easat-9712	171	23	,	,	PUNCT
easat-9712	171	24	1960	1960	NUM
easat-9712	171	25	to	to	ADP
easat-9712	171	26	2010	2010	NUM
easat-9712	171	27	,	,	PUNCT
easat-9712	171	28	"	"	PUNCT
easat-9712	171	29	journal	journal	NOUN
easat-9712	171	30	of	of	ADP
easat-9712	171	31	financial	financial	ADJ
easat-9712	171	32	perspectives	perspective	NOUN
easat-9712	171	33	,	,	PUNCT
easat-9712	171	34	vol	vol	NOUN
easat-9712	171	35	.	.	PROPN
easat-9712	171	36	1	1	NUM
easat-9712	171	37	,	,	PUNCT
easat-9712	171	38	no	no	INTJ
easat-9712	171	39	.	.	NOUN
easat-9712	171	40	2	2	NUM
easat-9712	171	41	,	,	PUNCT
easat-9712	171	42	pp	pp	ADJ
easat-9712	171	43	.	.	PUNCT
easat-9712	171	44	17–36	17–36	NUM
easat-9712	171	45	,	,	PUNCT
easat-9712	171	46	2013	2013	NUM
easat-9712	171	47	.	.	PUNCT
easat-9712	172	1	https://doi.org/10.3386/w18946	https://doi.org/10.3386/w18946	NUM
easat-9712	172	2	[	[	X
easat-9712	172	3	4	4	NUM
easat-9712	172	4	]	]	PUNCT
easat-9712	172	5	k.	k.	PROPN
easat-9712	172	6	svirydzenka	svirydzenka	PROPN
easat-9712	172	7	,	,	PUNCT
easat-9712	172	8	introducing	introduce	VERB
easat-9712	172	9	a	a	DET
easat-9712	172	10	new	new	ADJ
easat-9712	172	11	broad	broad	ADV
easat-9712	172	12	-	-	PUNCT
easat-9712	172	13	based	base	VERB
easat-9712	172	14	index	index	NOUN
easat-9712	172	15	of	of	ADP
easat-9712	172	16	financial	financial	ADJ
easat-9712	172	17	development	development	NOUN
easat-9712	172	18	.	.	PUNCT
easat-9712	173	1	washington	washington	PROPN
easat-9712	173	2	,	,	PUNCT
easat-9712	173	3	dc	dc	PROPN
easat-9712	173	4	,	,	PUNCT
easat-9712	173	5	usa	usa	PROPN
easat-9712	173	6	:	:	PUNCT
easat-9712	173	7	int	int	NOUN
easat-9712	173	8	.	.	PUNCT
easat-9712	174	1	monetary	monetary	ADJ
easat-9712	174	2	fund	fund	PROPN
easat-9712	174	3	,	,	PUNCT
easat-9712	174	4	2016	2016	NUM
easat-9712	174	5	.	.	PUNCT
easat-9712	175	1	[	[	X
easat-9712	175	2	5	5	NUM
easat-9712	175	3	]	]	PUNCT
easat-9712	175	4	a.	a.	NOUN
easat-9712	175	5	alsharif	alsharif	NOUN
easat-9712	175	6	and	and	CCONJ
easat-9712	175	7	i.	i.	PROPN
easat-9712	175	8	hegazy	hegazy	PROPN
easat-9712	175	9	,	,	PUNCT
easat-9712	175	10	"	"	PUNCT
easat-9712	175	11	banking	banking	NOUN
easat-9712	175	12	dominance	dominance	NOUN
easat-9712	175	13	and	and	CCONJ
easat-9712	175	14	capital	capital	NOUN
easat-9712	175	15	market	market	NOUN
easat-9712	175	16	underdevelopment	underdevelopment	NOUN
easat-9712	175	17	in	in	ADP
easat-9712	175	18	mena	mena	PROPN
easat-9712	175	19	economies	economy	NOUN
easat-9712	175	20	:	:	PUNCT
easat-9712	175	21	implications	implication	NOUN
easat-9712	175	22	for	for	ADP
easat-9712	175	23	growth	growth	NOUN
easat-9712	175	24	and	and	CCONJ
easat-9712	175	25	inclusion	inclusion	NOUN
easat-9712	175	26	,	,	PUNCT
easat-9712	175	27	"	"	PUNCT
easat-9712	175	28	middle	middle	PROPN
easat-9712	175	29	east	east	PROPN
easat-9712	175	30	economic	economic	PROPN
easat-9712	175	31	review	review	PROPN
easat-9712	175	32	,	,	PUNCT
easat-9712	175	33	vol	vol	NOUN
easat-9712	175	34	.	.	PROPN
easat-9712	175	35	44	44	NUM
easat-9712	175	36	,	,	PUNCT
easat-9712	175	37	no	no	INTJ
easat-9712	175	38	.	.	NOUN
easat-9712	175	39	1	1	NUM
easat-9712	175	40	,	,	PUNCT
easat-9712	175	41	pp	pp	ADJ
easat-9712	175	42	.	.	PUNCT
easat-9712	176	1	67–89	67–89	NOUN
easat-9712	176	2	,	,	PUNCT
easat-9712	176	3	2022	2022	NUM
easat-9712	176	4	.	.	PUNCT
easat-9712	177	1	[	[	X
easat-9712	177	2	6	6	NUM
easat-9712	177	3	]	]	PUNCT
easat-9712	177	4	m.	m.	NOUN
easat-9712	177	5	s.	s.	PROPN
easat-9712	177	6	ben	ben	PROPN
easat-9712	177	7	ali	ali	PROPN
easat-9712	177	8	and	and	CCONJ
easat-9712	177	9	a.	a.	NOUN
easat-9712	177	10	chaibi	chaibi	NOUN
easat-9712	177	11	,	,	PUNCT
easat-9712	177	12	"	"	PUNCT
easat-9712	177	13	trade	trade	NOUN
easat-9712	177	14	openness	openness	NOUN
easat-9712	177	15	and	and	CCONJ
easat-9712	177	16	economic	economic	ADJ
easat-9712	177	17	growth	growth	NOUN
easat-9712	177	18	in	in	ADP
easat-9712	177	19	mena	mena	PROPN
easat-9712	177	20	countries	countries	PROPN
easat-9712	177	21	:	:	PUNCT
easat-9712	177	22	the	the	DET
easat-9712	177	23	role	role	NOUN
easat-9712	177	24	of	of	ADP
easat-9712	177	25	export	export	NOUN
easat-9712	177	26	diversification	diversification	NOUN
easat-9712	177	27	,	,	PUNCT
easat-9712	177	28	"	"	PUNCT
easat-9712	177	29	economic	economic	ADJ
easat-9712	177	30	modelling	modelling	NOUN
easat-9712	177	31	,	,	PUNCT
easat-9712	177	32	vol	vol	NOUN
easat-9712	177	33	.	.	PROPN
easat-9712	177	34	105	105	NUM
easat-9712	177	35	,	,	PUNCT
easat-9712	177	36	p.	p.	NOUN
easat-9712	177	37	105673	105673	NUM
easat-9712	177	38	,	,	PUNCT
easat-9712	177	39	2022	2022	NUM
easat-9712	177	40	.	.	PUNCT
easat-9712	178	1	[	[	X
easat-9712	178	2	7	7	X
easat-9712	178	3	]	]	X
easat-9712	178	4	m.	m.	NOUN
easat-9712	178	5	a.	a.	NOUN
easat-9712	178	6	rasheed	rasheed	PROPN
easat-9712	178	7	and	and	CCONJ
easat-9712	178	8	k.	k.	PROPN
easat-9712	178	9	n.	n.	PROPN
easat-9712	178	10	al‑khalifa	al‑khalifa	PROPN
easat-9712	178	11	,	,	PUNCT
easat-9712	178	12	"	"	PUNCT
easat-9712	178	13	financial	financial	ADJ
easat-9712	178	14	sector	sector	NOUN
easat-9712	178	15	diversification	diversification	NOUN
easat-9712	178	16	and	and	CCONJ
easat-9712	178	17	economic	economic	ADJ
easat-9712	178	18	growth	growth	NOUN
easat-9712	178	19	in	in	ADP
easat-9712	178	20	the	the	DET
easat-9712	178	21	mena	mena	PROPN
easat-9712	178	22	region	region	PROPN
easat-9712	178	23	:	:	PUNCT
easat-9712	178	24	an	an	DET
easat-9712	178	25	empirical	empirical	ADJ
easat-9712	178	26	assessment	assessment	NOUN
easat-9712	178	27	,	,	PUNCT
easat-9712	178	28	"	"	PUNCT
easat-9712	178	29	international	international	ADJ
easat-9712	178	30	journal	journal	NOUN
easat-9712	178	31	of	of	ADP
easat-9712	178	32	finance	finance	NOUN
easat-9712	178	33	 	 	SPACE
easat-9712	178	34	&	&	CCONJ
easat-9712	178	35	 	 	SPACE
easat-9712	178	36	economics	economic	NOUN
easat-9712	178	37	,	,	PUNCT
easat-9712	178	38	vol	vol	NOUN
easat-9712	178	39	.	.	PROPN
easat-9712	178	40	29	29	NUM
easat-9712	178	41	,	,	PUNCT
easat-9712	178	42	no	no	INTJ
easat-9712	178	43	.	.	NOUN
easat-9712	178	44	3	3	NUM
easat-9712	178	45	,	,	PUNCT
easat-9712	178	46	pp	pp	ADJ
easat-9712	178	47	.	.	PUNCT
easat-9712	179	1	412–432	412–432	NUM
easat-9712	179	2	,	,	PUNCT
easat-9712	179	3	2024	2024	NUM
easat-9712	179	4	.	.	PUNCT
easat-9712	180	1	[	[	X
easat-9712	180	2	8	8	NUM
easat-9712	180	3	]	]	PUNCT
easat-9712	180	4	p.	p.	PROPN
easat-9712	180	5	alonso	alonso	PROPN
easat-9712	180	6	-	-	PUNCT
easat-9712	180	7	gamo	gamo	PROPN
easat-9712	180	8	,	,	PUNCT
easat-9712	180	9	i.	i.	NOUN
easat-9712	180	10	awad	awad	PROPN
easat-9712	180	11	,	,	PUNCT
easat-9712	180	12	and	and	CCONJ
easat-9712	180	13	a.	a.	NOUN
easat-9712	180	14	hegazy	hegazy	PROPN
easat-9712	180	15	,	,	PUNCT
easat-9712	180	16	"	"	PUNCT
easat-9712	180	17	financial	financial	ADJ
easat-9712	180	18	markets	market	NOUN
easat-9712	180	19	development	development	NOUN
easat-9712	180	20	and	and	CCONJ
easat-9712	180	21	economic	economic	ADJ
easat-9712	180	22	growth	growth	NOUN
easat-9712	180	23	in	in	ADP
easat-9712	180	24	mena	mena	PROPN
easat-9712	180	25	:	:	PUNCT
easat-9712	180	26	the	the	DET
easat-9712	180	27	role	role	NOUN
easat-9712	180	28	of	of	ADP
easat-9712	180	29	corporate	corporate	ADJ
easat-9712	180	30	bonds	bond	NOUN
easat-9712	180	31	and	and	CCONJ
easat-9712	180	32	fintech	fintech	NOUN
easat-9712	180	33	,	,	PUNCT
easat-9712	180	34	"	"	PUNCT
easat-9712	180	35	journal	journal	NOUN
easat-9712	180	36	of	of	ADP
easat-9712	180	37	economic	economic	ADJ
easat-9712	180	38	structures	structure	NOUN
easat-9712	180	39	,	,	PUNCT
easat-9712	180	40	vol	vol	NOUN
easat-9712	180	41	.	.	PROPN
easat-9712	181	1	10	10	NUM
easat-9712	181	2	,	,	PUNCT
easat-9712	181	3	no	no	INTJ
easat-9712	181	4	.	.	NOUN
easat-9712	181	5	1	1	NUM
easat-9712	181	6	,	,	PUNCT
easat-9712	181	7	p.	p.	NOUN
easat-9712	181	8	22	22	NUM
easat-9712	181	9	,	,	PUNCT
easat-9712	181	10	2021	2021	NUM
easat-9712	181	11	.	.	PUNCT
easat-9712	182	1	[	[	X
easat-9712	182	2	9	9	NUM
easat-9712	182	3	]	]	X
easat-9712	182	4	h.	h.	PROPN
easat-9712	182	5	el	el	PROPN
easat-9712	182	6	 	 	SPACE
easat-9712	182	7	ghazaly	ghazaly	PROPN
easat-9712	182	8	and	and	CCONJ
easat-9712	182	9	a.	a.	NOUN
easat-9712	182	10	elbaradei	elbaradei	PROPN
easat-9712	182	11	,	,	PUNCT
easat-9712	182	12	"	"	PUNCT
easat-9712	182	13	financial	financial	ADJ
easat-9712	182	14	inclusion	inclusion	NOUN
easat-9712	182	15	and	and	CCONJ
easat-9712	182	16	economic	economic	ADJ
easat-9712	182	17	growth	growth	NOUN
easat-9712	182	18	:	:	PUNCT
easat-9712	182	19	evidence	evidence	NOUN
easat-9712	182	20	from	from	ADP
easat-9712	182	21	the	the	DET
easat-9712	182	22	mena	mena	PROPN
easat-9712	182	23	region	region	PROPN
easat-9712	182	24	,	,	PUNCT
easat-9712	182	25	"	"	PUNCT
easat-9712	182	26	review	review	NOUN
easat-9712	182	27	of	of	ADP
easat-9712	182	28	middle	middle	PROPN
easat-9712	182	29	east	east	PROPN
easat-9712	182	30	economics	economic	NOUN
easat-9712	182	31	and	and	CCONJ
easat-9712	182	32	finance	finance	NOUN
easat-9712	182	33	,	,	PUNCT
easat-9712	182	34	vol	vol	NOUN
easat-9712	182	35	.	.	PROPN
easat-9712	182	36	17	17	NUM
easat-9712	182	37	,	,	PUNCT
easat-9712	182	38	no	no	INTJ
easat-9712	182	39	.	.	NOUN
easat-9712	182	40	1	1	NUM
easat-9712	182	41	,	,	PUNCT
easat-9712	182	42	pp	pp	ADJ
easat-9712	182	43	.	.	PUNCT
easat-9712	183	1	1–25	1–25	ADJ
easat-9712	183	2	,	,	PUNCT
easat-9712	183	3	2021	2021	NUM
easat-9712	183	4	.	.	PUNCT
easat-9712	184	1	[	[	X
easat-9712	184	2	10	10	NUM
easat-9712	184	3	]	]	PUNCT
easat-9712	184	4	m.	m.	NOUN
easat-9712	184	5	k.	k.	PROPN
easat-9712	184	6	hassan	hassan	PROPN
easat-9712	184	7	,	,	PUNCT
easat-9712	184	8	b.	b.	PROPN
easat-9712	184	9	sanchez	sanchez	PROPN
easat-9712	184	10	,	,	PUNCT
easat-9712	184	11	and	and	CCONJ
easat-9712	184	12	j.-s	j.-	NOUN
easat-9712	184	13	.	.	PUNCT
easat-9712	185	1	yu	yu	PROPN
easat-9712	185	2	,	,	PUNCT
easat-9712	185	3	"	"	PUNCT
easat-9712	185	4	financial	financial	ADJ
easat-9712	185	5	development	development	NOUN
easat-9712	185	6	and	and	CCONJ
easat-9712	185	7	economic	economic	ADJ
easat-9712	185	8	growth	growth	NOUN
easat-9712	185	9	:	:	PUNCT
easat-9712	185	10	new	new	ADJ
easat-9712	185	11	evidence	evidence	NOUN
easat-9712	185	12	from	from	ADP
easat-9712	185	13	panel	panel	NOUN
easat-9712	185	14	data	datum	NOUN
easat-9712	185	15	,	,	PUNCT
easat-9712	185	16	"	"	PUNCT
easat-9712	185	17	the	the	DET
easat-9712	185	18	quarterly	quarterly	ADJ
easat-9712	185	19	review	review	NOUN
easat-9712	185	20	of	of	ADP
easat-9712	185	21	economics	economic	NOUN
easat-9712	185	22	and	and	CCONJ
easat-9712	185	23	finance	finance	NOUN
easat-9712	185	24	,	,	PUNCT
easat-9712	185	25	vol	vol	NOUN
easat-9712	185	26	.	.	PROPN
easat-9712	186	1	51	51	NUM
easat-9712	186	2	,	,	PUNCT
easat-9712	186	3	no	no	INTJ
easat-9712	186	4	.	.	NOUN
easat-9712	186	5	1	1	NUM
easat-9712	186	6	,	,	PUNCT
easat-9712	186	7	pp	pp	ADJ
easat-9712	186	8	.	.	PUNCT
easat-9712	187	1	88	88	NUM
easat-9712	187	2	-	-	SYM
easat-9712	187	3	104	104	NUM
easat-9712	187	4	,	,	PUNCT
easat-9712	187	5	2011	2011	NUM
easat-9712	187	6	.	.	PUNCT
easat-9712	188	1	[	[	X
easat-9712	188	2	11	11	NUM
easat-9712	188	3	]	]	PUNCT
easat-9712	188	4	a.	a.	PROPN
easat-9712	188	5	al	al	PROPN
easat-9712	188	6	-	-	PUNCT
easat-9712	188	7	khatib	khatib	PROPN
easat-9712	188	8	,	,	PUNCT
easat-9712	188	9	a.-n	a.-n	PROPN
easat-9712	188	10	.	.	PUNCT
easat-9712	189	1	el	el	PROPN
easat-9712	189	2	-	-	PUNCT
easat-9712	189	3	kassar	kassar	PROPN
easat-9712	189	4	,	,	PUNCT
easat-9712	189	5	and	and	CCONJ
easat-9712	189	6	m.	m.	NOUN
easat-9712	189	7	fayyad	fayyad	PROPN
easat-9712	189	8	,	,	PUNCT
easat-9712	189	9	"	"	PUNCT
easat-9712	189	10	the	the	DET
easat-9712	189	11	impact	impact	NOUN
easat-9712	189	12	of	of	ADP
easat-9712	189	13	government	government	NOUN
easat-9712	189	14	expenditure	expenditure	NOUN
easat-9712	189	15	composition	composition	NOUN
easat-9712	189	16	on	on	ADP
easat-9712	189	17	economic	economic	ADJ
easat-9712	189	18	growth	growth	NOUN
easat-9712	189	19	:	:	PUNCT
easat-9712	189	20	evidence	evidence	NOUN
easat-9712	189	21	from	from	ADP
easat-9712	189	22	the	the	DET
easat-9712	189	23	mena	mena	PROPN
easat-9712	189	24	region	region	PROPN
easat-9712	189	25	,	,	PUNCT
easat-9712	189	26	"	"	PUNCT
easat-9712	189	27	journal	journal	NOUN
easat-9712	189	28	of	of	ADP
easat-9712	189	29	economic	economic	ADJ
easat-9712	189	30	development	development	NOUN
easat-9712	189	31	,	,	PUNCT
easat-9712	189	32	vol	vol	NOUN
easat-9712	189	33	.	.	PROPN
easat-9712	190	1	47	47	NUM
easat-9712	190	2	,	,	PUNCT
easat-9712	190	3	no	no	INTJ
easat-9712	190	4	.	.	NOUN
easat-9712	190	5	1	1	NUM
easat-9712	190	6	,	,	PUNCT
easat-9712	190	7	pp	pp	ADJ
easat-9712	190	8	.	.	PUNCT
easat-9712	191	1	45–62	45–62	NUM
easat-9712	191	2	,	,	PUNCT
easat-9712	191	3	2022	2022	NUM
easat-9712	191	4	.	.	PUNCT
easat-9712	192	1	[	[	X
easat-9712	192	2	12	12	NUM
easat-9712	192	3	]	]	PUNCT
easat-9712	192	4	j.	j.	PROPN
easat-9712	192	5	a.	a.	PROPN
easat-9712	192	6	schumpeter	schumpeter	PROPN
easat-9712	192	7	and	and	CCONJ
easat-9712	192	8	r.	r.	PROPN
easat-9712	192	9	opie	opie	PROPN
easat-9712	192	10	,	,	PUNCT
easat-9712	192	11	the	the	DET
easat-9712	192	12	theory	theory	NOUN
easat-9712	192	13	of	of	ADP
easat-9712	192	14	economic	economic	ADJ
easat-9712	192	15	development	development	NOUN
easat-9712	192	16	.	.	PUNCT
easat-9712	193	1	cambridge	cambridge	PROPN
easat-9712	193	2	,	,	PUNCT
easat-9712	193	3	ma	ma	PROPN
easat-9712	193	4	,	,	PUNCT
easat-9712	193	5	usa	usa	PROPN
easat-9712	193	6	:	:	PUNCT
easat-9712	193	7	harvard	harvard	PROPN
easat-9712	193	8	university	university	PROPN
easat-9712	193	9	press	press	NOUN
easat-9712	193	10	,	,	PUNCT
easat-9712	193	11	1934	1934	NUM
easat-9712	193	12	.	.	PUNCT
easat-9712	194	1	[	[	X
easat-9712	194	2	13	13	NUM
easat-9712	194	3	]	]	PUNCT
easat-9712	194	4	h.	h.	PROPN
easat-9712	194	5	p.	p.	PROPN
easat-9712	194	6	minsky	minsky	PROPN
easat-9712	194	7	,	,	PUNCT
easat-9712	194	8	"	"	PUNCT
easat-9712	194	9	schumpeter	schumpeter	NOUN
easat-9712	194	10	’s	’s	PART
easat-9712	194	11	theory	theory	NOUN
easat-9712	194	12	of	of	ADP
easat-9712	194	13	capitalist	capitalist	ADJ
easat-9712	194	14	development	development	NOUN
easat-9712	194	15	:	:	PUNCT
easat-9712	194	16	a	a	DET
easat-9712	194	17	response	response	NOUN
easat-9712	194	18	,	,	PUNCT
easat-9712	194	19	"	"	PUNCT
easat-9712	194	20	journal	journal	NOUN
easat-9712	194	21	of	of	ADP
easat-9712	194	22	economic	economic	ADJ
easat-9712	194	23	literature	literature	NOUN
easat-9712	194	24	,	,	PUNCT
easat-9712	194	25	vol	vol	NOUN
easat-9712	194	26	.	.	PROPN
easat-9712	194	27	28	28	NUM
easat-9712	194	28	,	,	PUNCT
easat-9712	194	29	no	no	INTJ
easat-9712	194	30	.	.	NOUN
easat-9712	194	31	4	4	NUM
easat-9712	194	32	,	,	PUNCT
easat-9712	194	33	pp	pp	ADJ
easat-9712	194	34	.	.	PUNCT
easat-9712	195	1	1795–1801	1795–1801	NUM
easat-9712	195	2	,	,	PUNCT
easat-9712	195	3	1990	1990	NUM
easat-9712	195	4	.	.	PUNCT
easat-9712	196	1	[	[	X
easat-9712	196	2	14	14	NUM
easat-9712	196	3	]	]	X
easat-9712	196	4	r.	r.	PROPN
easat-9712	196	5	g.	g.	PROPN
easat-9712	196	6	king	king	PROPN
easat-9712	196	7	and	and	CCONJ
easat-9712	196	8	r.	r.	PROPN
easat-9712	196	9	levine	levine	PROPN
easat-9712	196	10	,	,	PUNCT
easat-9712	196	11	"	"	PUNCT
easat-9712	196	12	finance	finance	NOUN
easat-9712	196	13	and	and	CCONJ
easat-9712	196	14	growth	growth	NOUN
easat-9712	196	15	:	:	PUNCT
easat-9712	196	16	schumpeter	schumpeter	NOUN
easat-9712	196	17	might	might	AUX
easat-9712	196	18	be	be	AUX
easat-9712	196	19	right	right	ADJ
easat-9712	196	20	,	,	PUNCT
easat-9712	196	21	"	"	PUNCT
easat-9712	196	22	the	the	DET
easat-9712	196	23	quarterly	quarterly	ADJ
easat-9712	196	24	journal	journal	NOUN
easat-9712	196	25	of	of	ADP
easat-9712	196	26	economics	economic	NOUN
easat-9712	196	27	,	,	PUNCT
easat-9712	196	28	vol	vol	NOUN
easat-9712	196	29	.	.	PROPN
easat-9712	196	30	108	108	NUM
easat-9712	196	31	,	,	PUNCT
easat-9712	196	32	no	no	INTJ
easat-9712	196	33	.	.	NOUN
easat-9712	196	34	3	3	NUM
easat-9712	196	35	,	,	PUNCT
easat-9712	196	36	pp	pp	ADJ
easat-9712	196	37	.	.	PUNCT
easat-9712	197	1	717	717	NUM
easat-9712	197	2	-	-	SYM
easat-9712	197	3	737	737	NUM
easat-9712	197	4	,	,	PUNCT
easat-9712	197	5	1993	1993	NUM
easat-9712	197	6	.	.	PUNCT
easat-9712	198	1	[	[	X
easat-9712	198	2	15	15	NUM
easat-9712	198	3	]	]	X
easat-9712	198	4	r.	r.	PROPN
easat-9712	198	5	levine	levine	PROPN
easat-9712	198	6	,	,	PUNCT
easat-9712	198	7	"	"	PUNCT
easat-9712	198	8	finance	finance	NOUN
easat-9712	198	9	and	and	CCONJ
easat-9712	198	10	growth	growth	NOUN
easat-9712	198	11	:	:	PUNCT
easat-9712	198	12	theory	theory	NOUN
easat-9712	198	13	and	and	CCONJ
easat-9712	198	14	evidence	evidence	NOUN
easat-9712	198	15	,	,	PUNCT
easat-9712	198	16	"	"	PUNCT
easat-9712	198	17	handbook	handbook	NOUN
easat-9712	198	18	of	of	ADP
easat-9712	198	19	economic	economic	ADJ
easat-9712	198	20	growth	growth	NOUN
easat-9712	198	21	,	,	PUNCT
easat-9712	198	22	vol	vol	NOUN
easat-9712	198	23	.	.	PROPN
easat-9712	198	24	1	1	NUM
easat-9712	198	25	,	,	PUNCT
easat-9712	198	26	pp	pp	ADJ
easat-9712	198	27	.	.	PUNCT
easat-9712	199	1	865	865	NUM
easat-9712	199	2	-	-	NUM
easat-9712	199	3	934	934	NUM
easat-9712	199	4	,	,	PUNCT
easat-9712	199	5	2005	2005	NUM
easat-9712	199	6	.	.	PUNCT
easat-9712	200	1	[	[	X
easat-9712	200	2	16	16	NUM
easat-9712	200	3	]	]	PUNCT
easat-9712	200	4	t.	t.	PROPN
easat-9712	200	5	beck	beck	PROPN
easat-9712	200	6	and	and	CCONJ
easat-9712	200	7	r.	r.	PROPN
easat-9712	200	8	levine	levine	PROPN
easat-9712	200	9	,	,	PUNCT
easat-9712	200	10	financial	financial	ADJ
easat-9712	200	11	development	development	NOUN
easat-9712	200	12	and	and	CCONJ
easat-9712	200	13	growth	growth	NOUN
easat-9712	200	14	:	:	PUNCT
easat-9712	200	15	theory	theory	NOUN
easat-9712	200	16	and	and	CCONJ
easat-9712	200	17	evidence	evidence	NOUN
easat-9712	200	18	.	.	PUNCT
easat-9712	201	1	in	in	ADP
easat-9712	201	2	p.	p.	NOUN
easat-9712	201	3	aghion	aghion	NOUN
easat-9712	201	4	&	&	CCONJ
easat-9712	201	5	s.	s.	PROPN
easat-9712	201	6	n.	n.	PROPN
easat-9712	201	7	durlauf	durlauf	PROPN
easat-9712	201	8	(	(	PUNCT
easat-9712	201	9	eds	eds	PROPN
easat-9712	201	10	.	.	PUNCT
easat-9712	201	11	)	)	PUNCT
easat-9712	201	12	,	,	PUNCT
easat-9712	201	13	handbook	handbook	NOUN
easat-9712	201	14	of	of	ADP
easat-9712	201	15	economic	economic	ADJ
easat-9712	201	16	growth	growth	NOUN
easat-9712	201	17	.	.	PUNCT
easat-9712	202	1	amsterdam	amsterdam	PROPN
easat-9712	202	2	,	,	PUNCT
easat-9712	202	3	netherlands	netherlands	PROPN
easat-9712	202	4	:	:	PUNCT
easat-9712	202	5	elsevier	elsevier	NOUN
easat-9712	202	6	,	,	PUNCT
easat-9712	202	7	2018	2018	NUM
easat-9712	202	8	.	.	PUNCT
easat-9712	203	1	[	[	X
easat-9712	203	2	17	17	NUM
easat-9712	203	3	]	]	X
easat-9712	203	4	s.	s.	PROPN
easat-9712	203	5	zouari	zouari	PROPN
easat-9712	203	6	and	and	CCONJ
easat-9712	203	7	m.	m.	PROPN
easat-9712	203	8	ben	ben	PROPN
easat-9712	203	9	aissa	aissa	PROPN
easat-9712	203	10	,	,	PUNCT
easat-9712	203	11	"	"	PUNCT
easat-9712	203	12	financial	financial	ADJ
easat-9712	203	13	inclusion	inclusion	NOUN
easat-9712	203	14	and	and	CCONJ
easat-9712	203	15	economic	economic	ADJ
easat-9712	203	16	growth	growth	NOUN
easat-9712	203	17	in	in	ADP
easat-9712	203	18	mena	mena	PROPN
easat-9712	203	19	countries	countries	PROPN
easat-9712	203	20	:	:	PUNCT
easat-9712	203	21	challenges	challenge	NOUN
easat-9712	203	22	and	and	CCONJ
easat-9712	203	23	opportunities	opportunity	NOUN
easat-9712	203	24	,	,	PUNCT
easat-9712	203	25	"	"	PUNCT
easat-9712	203	26	journal	journal	NOUN
easat-9712	203	27	of	of	ADP
easat-9712	203	28	economic	economic	ADJ
easat-9712	203	29	studies	study	NOUN
easat-9712	203	30	,	,	PUNCT
easat-9712	203	31	vol	vol	NOUN
easat-9712	203	32	.	.	PROPN
easat-9712	203	33	50	50	NUM
easat-9712	203	34	,	,	PUNCT
easat-9712	203	35	no	no	INTJ
easat-9712	203	36	.	.	NOUN
easat-9712	203	37	2	2	NUM
easat-9712	203	38	,	,	PUNCT
easat-9712	203	39	pp	pp	ADJ
easat-9712	203	40	.	.	PUNCT
easat-9712	204	1	300–319	300–319	NUM
easat-9712	204	2	,	,	PUNCT
easat-9712	204	3	2023	2023	NUM
easat-9712	204	4	.	.	PUNCT
easat-9712	205	1	[	[	X
easat-9712	205	2	18	18	NUM
easat-9712	205	3	]	]	PUNCT
easat-9712	205	4	t.	t.	PROPN
easat-9712	205	5	beck	beck	PROPN
easat-9712	205	6	,	,	PUNCT
easat-9712	205	7	a.	a.	PROPN
easat-9712	205	8	demirgüç	demirgüç	PROPN
easat-9712	205	9	-	-	PUNCT
easat-9712	205	10	kunt	kunt	PROPN
easat-9712	205	11	,	,	PUNCT
easat-9712	205	12	and	and	CCONJ
easat-9712	205	13	r.	r.	PROPN
easat-9712	205	14	levine	levine	PROPN
easat-9712	205	15	,	,	PUNCT
easat-9712	205	16	"	"	PUNCT
easat-9712	205	17	financial	financial	ADJ
easat-9712	205	18	institutions	institution	NOUN
easat-9712	205	19	and	and	CCONJ
easat-9712	205	20	markets	market	NOUN
easat-9712	205	21	across	across	ADP
easat-9712	205	22	countries	country	NOUN
easat-9712	205	23	and	and	CCONJ
easat-9712	205	24	over	over	ADP
easat-9712	205	25	time	time	NOUN
easat-9712	205	26	:	:	PUNCT
easat-9712	205	27	data	datum	NOUN
easat-9712	205	28	and	and	CCONJ
easat-9712	205	29	analysis	analysis	NOUN
easat-9712	205	30	,	,	PUNCT
easat-9712	205	31	"	"	PUNCT
easat-9712	205	32	world	world	NOUN
easat-9712	205	33	bank	bank	PROPN
easat-9712	205	34	,	,	PUNCT
easat-9712	205	35	policy	policy	NOUN
easat-9712	205	36	research	research	NOUN
easat-9712	205	37	working	working	NOUN
easat-9712	205	38	paper	paper	NOUN
easat-9712	205	39	no	no	NOUN
easat-9712	205	40	.	.	PUNCT
easat-9712	205	41	4943	4943	NUM
easat-9712	205	42	,	,	PUNCT
easat-9712	205	43	2009	2009	NUM
easat-9712	205	44	.	.	PUNCT
easat-9712	206	1	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-9712	206	2	https://doi.org/10.1016/s0378-4266(02)00408-9	https://doi.org/10.1016/s0378-4266(02)00408-9	PROPN
easat-9712	206	3	https://doi.org/10.3386/w18946	https://doi.org/10.3386/w18946	PROPN
easat-9712	206	4	1850	1850	NUM
easat-9712	206	5	edelweiss	edelweiss	PROPN
easat-9712	206	6	applied	apply	VERB
easat-9712	206	7	science	science	NOUN
easat-9712	206	8	and	and	CCONJ
easat-9712	206	9	technology	technology	NOUN
easat-9712	206	10	issn	issn	PROPN
easat-9712	206	11	:	:	PUNCT
easat-9712	206	12	2576	2576	NUM
easat-9712	206	13	-	-	SYM
easat-9712	206	14	8484	8484	NUM
easat-9712	206	15	vol	vol	NOUN
easat-9712	206	16	.	.	PROPN
easat-9712	207	1	9	9	NUM
easat-9712	207	2	,	,	PUNCT
easat-9712	207	3	no	no	INTJ
easat-9712	207	4	.	.	NOUN
easat-9712	207	5	8	8	NUM
easat-9712	207	6	:	:	SYM
easat-9712	207	7	1842	1842	NUM
easat-9712	207	8	-	-	SYM
easat-9712	207	9	1850	1850	NUM
easat-9712	207	10	,	,	PUNCT
easat-9712	207	11	2025	2025	NUM
easat-9712	207	12	doi	doi	NOUN
easat-9712	207	13	:	:	PUNCT
easat-9712	207	14	10.55214/2576	10.55214/2576	NUM
easat-9712	207	15	-	-	SYM
easat-9712	207	16	8484.v9i8.9712	8484.v9i8.9712	NUM
easat-9712	207	17	©	©	PROPN
easat-9712	207	18	2025	2025	NUM
easat-9712	207	19	by	by	ADP
easat-9712	207	20	the	the	DET
easat-9712	207	21	authors	author	NOUN
easat-9712	207	22	;	;	PUNCT
easat-9712	207	23	licensee	licensee	PROPN
easat-9712	207	24	learning	learning	NOUN
easat-9712	207	25	gate	gate	NOUN
easat-9712	208	1	[	[	X
easat-9712	208	2	19	19	NUM
easat-9712	208	3	]	]	PUNCT
easat-9712	208	4	s.	s.	PROPN
easat-9712	208	5	ben	ben	PROPN
easat-9712	208	6	naceur	naceur	PROPN
easat-9712	208	7	and	and	CCONJ
easat-9712	208	8	c.	c.	PROPN
easat-9712	208	9	roulet	roulet	PROPN
easat-9712	208	10	,	,	PUNCT
easat-9712	208	11	"	"	PUNCT
easat-9712	208	12	financial	financial	ADJ
easat-9712	208	13	development	development	NOUN
easat-9712	208	14	,	,	PUNCT
easat-9712	208	15	institutional	institutional	ADJ
easat-9712	208	16	quality	quality	NOUN
easat-9712	208	17	,	,	PUNCT
easat-9712	208	18	and	and	CCONJ
easat-9712	208	19	economic	economic	ADJ
easat-9712	208	20	growth	growth	NOUN
easat-9712	208	21	:	:	PUNCT
easat-9712	208	22	the	the	DET
easat-9712	208	23	case	case	NOUN
easat-9712	208	24	of	of	ADP
easat-9712	208	25	emerging	emerge	VERB
easat-9712	208	26	economies	economy	NOUN
easat-9712	208	27	,	,	PUNCT
easat-9712	208	28	"	"	PUNCT
easat-9712	208	29	emerging	emerge	VERB
easat-9712	208	30	markets	market	NOUN
easat-9712	208	31	review	review	VERB
easat-9712	208	32	,	,	PUNCT
easat-9712	208	33	vol	vol	NOUN
easat-9712	208	34	.	.	PROPN
easat-9712	208	35	40	40	NUM
easat-9712	208	36	,	,	PUNCT
easat-9712	208	37	p.	p.	NOUN
easat-9712	208	38	100630	100630	NUM
easat-9712	208	39	,	,	PUNCT
easat-9712	208	40	2019	2019	NUM
easat-9712	208	41	.	.	PUNCT
easat-9712	209	1	[	[	X
easat-9712	209	2	20	20	NUM
easat-9712	209	3	]	]	PUNCT
easat-9712	209	4	i.	i.	NOUN
easat-9712	209	5	alsharif	alsharif	PROPN
easat-9712	209	6	,	,	PUNCT
easat-9712	209	7	"	"	PUNCT
easat-9712	209	8	financial	financial	ADJ
easat-9712	209	9	development	development	NOUN
easat-9712	209	10	and	and	CCONJ
easat-9712	209	11	economic	economic	ADJ
easat-9712	209	12	performance	performance	NOUN
easat-9712	209	13	in	in	ADP
easat-9712	209	14	mena	mena	PROPN
easat-9712	209	15	:	:	PUNCT
easat-9712	209	16	evidence	evidence	NOUN
easat-9712	209	17	from	from	ADP
easat-9712	209	18	panel	panel	NOUN
easat-9712	209	19	data	datum	NOUN
easat-9712	209	20	,	,	PUNCT
easat-9712	209	21	"	"	PUNCT
easat-9712	209	22	journal	journal	NOUN
easat-9712	209	23	of	of	ADP
easat-9712	209	24	financial	financial	ADJ
easat-9712	209	25	economic	economic	ADJ
easat-9712	209	26	policy	policy	NOUN
easat-9712	209	27	,	,	PUNCT
easat-9712	209	28	vol	vol	NOUN
easat-9712	209	29	.	.	PROPN
easat-9712	209	30	12	12	NUM
easat-9712	209	31	,	,	PUNCT
easat-9712	209	32	no	no	INTJ
easat-9712	209	33	.	.	NOUN
easat-9712	209	34	4	4	NUM
easat-9712	209	35	,	,	PUNCT
easat-9712	209	36	pp	pp	ADJ
easat-9712	209	37	.	.	PUNCT
easat-9712	210	1	1–25	1–25	NOUN
easat-9712	210	2	,	,	PUNCT
easat-9712	210	3	2020	2020	NUM
easat-9712	210	4	.	.	PUNCT
easat-9712	211	1	[	[	X
easat-9712	211	2	21	21	NUM
easat-9712	211	3	]	]	X
easat-9712	211	4	d.	d.	PROPN
easat-9712	211	5	anginer	anginer	PROPN
easat-9712	211	6	and	and	CCONJ
easat-9712	211	7	a.	a.	PROPN
easat-9712	211	8	demirgüç	demirgüç	PROPN
easat-9712	211	9	-	-	PUNCT
easat-9712	211	10	kunt	kunt	PROPN
easat-9712	211	11	,	,	PUNCT
easat-9712	211	12	"	"	PUNCT
easat-9712	211	13	financial	financial	ADJ
easat-9712	211	14	institutions	institution	NOUN
easat-9712	211	15	and	and	CCONJ
easat-9712	211	16	markets	market	NOUN
easat-9712	211	17	:	:	PUNCT
easat-9712	211	18	complementarities	complementarity	NOUN
easat-9712	211	19	in	in	ADP
easat-9712	211	20	financial	financial	ADJ
easat-9712	211	21	development	development	NOUN
easat-9712	211	22	,	,	PUNCT
easat-9712	211	23	"	"	PUNCT
easat-9712	211	24	journal	journal	NOUN
easat-9712	211	25	of	of	ADP
easat-9712	211	26	financial	financial	ADJ
easat-9712	211	27	intermediation	intermediation	NOUN
easat-9712	211	28	,	,	PUNCT
easat-9712	211	29	vol	vol	NOUN
easat-9712	211	30	.	.	PROPN
easat-9712	212	1	53	53	NUM
easat-9712	212	2	,	,	PUNCT
easat-9712	212	3	pp	pp	ADJ
easat-9712	212	4	.	.	PUNCT
easat-9712	213	1	100–115	100–115	NUM
easat-9712	213	2	,	,	PUNCT
easat-9712	213	3	2020	2020	NUM
easat-9712	213	4	.	.	PUNCT
easat-9712	214	1	[	[	X
easat-9712	214	2	22	22	NUM
easat-9712	214	3	]	]	PUNCT
easat-9712	214	4	i.	i.	PROPN
easat-9712	214	5	al‑khishin	al‑khishin	PROPN
easat-9712	214	6	and	and	CCONJ
easat-9712	214	7	m.	m.	NOUN
easat-9712	214	8	omran	omran	NOUN
easat-9712	214	9	,	,	PUNCT
easat-9712	214	10	"	"	PUNCT
easat-9712	214	11	government	government	NOUN
easat-9712	214	12	spending	spending	NOUN
easat-9712	214	13	composition	composition	NOUN
easat-9712	214	14	and	and	CCONJ
easat-9712	214	15	economic	economic	ADJ
easat-9712	214	16	growth	growth	NOUN
easat-9712	214	17	in	in	ADP
easat-9712	214	18	the	the	DET
easat-9712	214	19	mena	mena	PROPN
easat-9712	214	20	region	region	PROPN
easat-9712	214	21	,	,	PUNCT
easat-9712	214	22	"	"	PUNCT
easat-9712	214	23	middle	middle	PROPN
easat-9712	214	24	east	east	PROPN
easat-9712	214	25	development	development	PROPN
easat-9712	214	26	journal	journal	PROPN
easat-9712	214	27	,	,	PUNCT
easat-9712	214	28	vol	vol	NOUN
easat-9712	214	29	.	.	PROPN
easat-9712	214	30	13	13	NUM
easat-9712	214	31	,	,	PUNCT
easat-9712	214	32	no	no	INTJ
easat-9712	214	33	.	.	NOUN
easat-9712	214	34	2	2	NUM
easat-9712	214	35	,	,	PUNCT
easat-9712	214	36	pp	pp	ADJ
easat-9712	214	37	.	.	PUNCT
easat-9712	215	1	215–234	215–234	NUM
easat-9712	215	2	,	,	PUNCT
easat-9712	215	3	2021	2021	NUM
easat-9712	215	4	.	.	PUNCT
easat-9712	216	1	[	[	X
easat-9712	216	2	23	23	NUM
easat-9712	216	3	]	]	X
easat-9712	216	4	p.	p.	NOUN
easat-9712	216	5	ebghaei	ebghaei	NOUN
easat-9712	216	6	,	,	PUNCT
easat-9712	216	7	s.	s.	PROPN
easat-9712	216	8	h.	h.	PROPN
easat-9712	216	9	hosseini	hosseini	PROPN
easat-9712	216	10	,	,	PUNCT
easat-9712	216	11	and	and	CCONJ
easat-9712	216	12	s.	s.	PROPN
easat-9712	216	13	a.	a.	PROPN
easat-9712	216	14	mousavi	mousavi	PROPN
easat-9712	216	15	,	,	PUNCT
easat-9712	216	16	"	"	PUNCT
easat-9712	216	17	foreign	foreign	ADJ
easat-9712	216	18	direct	direct	ADJ
easat-9712	216	19	investment	investment	NOUN
easat-9712	216	20	and	and	CCONJ
easat-9712	216	21	economic	economic	ADJ
easat-9712	216	22	growth	growth	NOUN
easat-9712	216	23	in	in	ADP
easat-9712	216	24	mena	mena	PROPN
easat-9712	216	25	countries	countries	PROPN
easat-9712	216	26	:	:	PUNCT
easat-9712	216	27	a	a	DET
easat-9712	216	28	panel	panel	NOUN
easat-9712	216	29	cointegration	cointegration	NOUN
easat-9712	216	30	approach	approach	NOUN
easat-9712	216	31	,	,	PUNCT
easat-9712	216	32	"	"	PUNCT
easat-9712	216	33	emerging	emerge	VERB
easat-9712	216	34	markets	market	NOUN
easat-9712	216	35	review	review	VERB
easat-9712	216	36	,	,	PUNCT
easat-9712	216	37	vol	vol	NOUN
easat-9712	216	38	.	.	PROPN
easat-9712	216	39	54	54	NUM
easat-9712	216	40	,	,	PUNCT
easat-9712	216	41	p.	p.	NOUN
easat-9712	216	42	100951	100951	NUM
easat-9712	216	43	,	,	PUNCT
easat-9712	216	44	2023	2023	NUM
easat-9712	216	45	.	.	PUNCT
easat-9712	217	1	[	[	X
easat-9712	217	2	24	24	NUM
easat-9712	217	3	]	]	PUNCT
easat-9712	217	4	m.	m.	NOUN
easat-9712	217	5	verbeek	verbeek	NOUN
easat-9712	217	6	,	,	PUNCT
easat-9712	217	7	a	a	DET
easat-9712	217	8	suide	suide	NOUN
easat-9712	217	9	to	to	ADP
easat-9712	217	10	modern	modern	ADJ
easat-9712	217	11	econometrics	econometric	NOUN
easat-9712	217	12	,	,	PUNCT
easat-9712	217	13	5th	5th	ADJ
easat-9712	217	14	ed	ed	NOUN
easat-9712	217	15	.	.	PUNCT
easat-9712	218	1	hoboken	hoboken	PROPN
easat-9712	218	2	,	,	PUNCT
easat-9712	218	3	nj	nj	PROPN
easat-9712	218	4	,	,	PUNCT
easat-9712	218	5	usa	usa	PROPN
easat-9712	218	6	:	:	PUNCT
easat-9712	218	7	wiley	wiley	PROPN
easat-9712	218	8	,	,	PUNCT
easat-9712	218	9	2021	2021	NUM
easat-9712	218	10	.	.	PUNCT
easat-9712	219	1	[	[	X
easat-9712	219	2	25	25	NUM
easat-9712	219	3	]	]	X
easat-9712	219	4	b.	b.	PROPN
easat-9712	219	5	h.	h.	PROPN
easat-9712	219	6	baltagi	baltagi	PROPN
easat-9712	219	7	,	,	PUNCT
easat-9712	219	8	econometric	econometric	ADJ
easat-9712	219	9	analysis	analysis	NOUN
easat-9712	219	10	of	of	ADP
easat-9712	219	11	panel	panel	NOUN
easat-9712	219	12	data	datum	NOUN
easat-9712	219	13	,	,	PUNCT
easat-9712	219	14	6th	6th	ADJ
easat-9712	219	15	ed	ed	NOUN
easat-9712	219	16	.	.	PUNCT
easat-9712	219	17	cham	cham	PROPN
easat-9712	219	18	,	,	PUNCT
easat-9712	219	19	switzerland	switzerland	PROPN
easat-9712	219	20	:	:	PUNCT
easat-9712	219	21	springer	springer	NOUN
easat-9712	219	22	,	,	PUNCT
easat-9712	219	23	2021	2021	NUM
easat-9712	219	24	.	.	PUNCT
easat-9712	220	1	[	[	X
easat-9712	220	2	26	26	NUM
easat-9712	220	3	]	]	PUNCT
easat-9712	220	4	j.	j.	PROPN
easat-9712	220	5	c.	c.	PROPN
easat-9712	220	6	driscoll	driscoll	PROPN
easat-9712	220	7	and	and	CCONJ
easat-9712	220	8	a.	a.	PROPN
easat-9712	220	9	c.	c.	PROPN
easat-9712	220	10	kraay	kraay	PROPN
easat-9712	220	11	,	,	PUNCT
easat-9712	220	12	"	"	PUNCT
easat-9712	220	13	consistent	consistent	ADJ
easat-9712	220	14	covariance	covariance	NOUN
easat-9712	220	15	matrix	matrix	NOUN
easat-9712	220	16	estimation	estimation	NOUN
easat-9712	220	17	with	with	ADP
easat-9712	220	18	spatially	spatially	ADV
easat-9712	220	19	dependent	dependent	ADJ
easat-9712	220	20	panel	panel	NOUN
easat-9712	220	21	data	datum	NOUN
easat-9712	220	22	,	,	PUNCT
easat-9712	220	23	"	"	PUNCT
easat-9712	220	24	the	the	DET
easat-9712	220	25	review	review	NOUN
easat-9712	220	26	of	of	ADP
easat-9712	220	27	economics	economic	NOUN
easat-9712	220	28	and	and	CCONJ
easat-9712	220	29	statistics	statistic	NOUN
easat-9712	220	30	,	,	PUNCT
easat-9712	220	31	vol	vol	NOUN
easat-9712	220	32	.	.	PROPN
easat-9712	220	33	80	80	NUM
easat-9712	220	34	,	,	PUNCT
easat-9712	220	35	no	no	INTJ
easat-9712	220	36	.	.	NOUN
easat-9712	220	37	4	4	NUM
easat-9712	220	38	,	,	PUNCT
easat-9712	220	39	pp	pp	ADJ
easat-9712	220	40	.	.	PUNCT
easat-9712	221	1	549	549	NUM
easat-9712	221	2	-	-	SYM
easat-9712	221	3	560	560	NUM
easat-9712	221	4	,	,	PUNCT
easat-9712	221	5	1998	1998	NUM
easat-9712	221	6	.	.	PUNCT
easat-9712	222	1	https://doi.org/10.1162/003465398557825	https://doi.org/10.1162/003465398557825	X
easat-9712	223	1	[	[	X
easat-9712	223	2	27	27	NUM
easat-9712	223	3	]	]	X
easat-9712	223	4	r.	r.	PROPN
easat-9712	223	5	a.	a.	PROPN
easat-9712	223	6	fisher	fisher	PROPN
easat-9712	223	7	,	,	PUNCT
easat-9712	223	8	statistical	statistical	ADJ
easat-9712	223	9	methods	method	NOUN
easat-9712	223	10	for	for	ADP
easat-9712	223	11	research	research	NOUN
easat-9712	223	12	workers	worker	NOUN
easat-9712	223	13	,	,	PUNCT
easat-9712	223	14	12th	12th	ADJ
easat-9712	223	15	ed	ed	NOUN
easat-9712	223	16	.	.	PUNCT
easat-9712	223	17	edinburgh	edinburgh	PROPN
easat-9712	223	18	,	,	PUNCT
easat-9712	223	19	u.k	u.k	PROPN
easat-9712	223	20	:	:	PUNCT
easat-9712	223	21	oliver	oliver	PROPN
easat-9712	223	22	&	&	CCONJ
easat-9712	223	23	boyd	boyd	PROPN
easat-9712	223	24	,	,	PUNCT
easat-9712	223	25	2009	2009	NUM
easat-9712	223	26	.	.	PUNCT
easat-9712	224	1	[	[	X
easat-9712	224	2	28	28	NUM
easat-9712	224	3	]	]	X
easat-9712	224	4	n.	n.	PROPN
easat-9712	224	5	e.	e.	PROPN
easat-9712	224	6	helwig	helwig	PROPN
easat-9712	224	7	,	,	PUNCT
easat-9712	224	8	"	"	PUNCT
easat-9712	224	9	practical	practical	ADJ
easat-9712	224	10	guide	guide	NOUN
easat-9712	224	11	to	to	ADP
easat-9712	224	12	principal	principal	ADJ
easat-9712	224	13	components	component	NOUN
easat-9712	224	14	and	and	CCONJ
easat-9712	224	15	correlation	correlation	NOUN
easat-9712	224	16	analysis	analysis	NOUN
easat-9712	224	17	,	,	PUNCT
easat-9712	224	18	"	"	PUNCT
easat-9712	224	19	2017	2017	NUM
easat-9712	224	20	.	.	PUNCT
easat-9712	225	1	[	[	X
easat-9712	225	2	29	29	NUM
easat-9712	225	3	]	]	X
easat-9712	225	4	j.	j.	PROPN
easat-9712	225	5	m.	m.	PROPN
easat-9712	225	6	wooldridge	wooldridge	PROPN
easat-9712	225	7	,	,	PUNCT
easat-9712	225	8	introductory	introductory	ADJ
easat-9712	225	9	econometrics	econometric	NOUN
easat-9712	225	10	:	:	PUNCT
easat-9712	225	11	a	a	DET
easat-9712	225	12	modern	modern	ADJ
easat-9712	225	13	approach	approach	NOUN
easat-9712	225	14	.	.	PUNCT
easat-9712	226	1	boston	boston	PROPN
easat-9712	226	2	,	,	PUNCT
easat-9712	226	3	ma	ma	PROPN
easat-9712	226	4	,	,	PUNCT
easat-9712	226	5	usa	usa	PROPN
easat-9712	226	6	:	:	PUNCT
easat-9712	226	7	cengage	cengage	PROPN
easat-9712	226	8	learning	learning	PROPN
easat-9712	226	9	,	,	PUNCT
easat-9712	226	10	2022	2022	NUM
easat-9712	226	11	.	.	PUNCT
easat-9712	227	1	[	[	X
easat-9712	227	2	30	30	NUM
easat-9712	227	3	]	]	PUNCT
easat-9712	227	4	j.	j.	PROPN
easat-9712	227	5	i.	i.	PROPN
easat-9712	227	6	daoud	daoud	PROPN
easat-9712	227	7	,	,	PUNCT
easat-9712	227	8	statistical	statistical	ADJ
easat-9712	227	9	methods	method	NOUN
easat-9712	227	10	for	for	ADP
easat-9712	227	11	practice	practice	NOUN
easat-9712	227	12	and	and	CCONJ
easat-9712	227	13	research	research	NOUN
easat-9712	227	14	:	:	PUNCT
easat-9712	227	15	a	a	DET
easat-9712	227	16	guide	guide	NOUN
easat-9712	227	17	to	to	AUX
easat-9712	227	18	data	data	NOUN
easat-9712	227	19	analysis	analysis	NOUN
easat-9712	227	20	using	use	VERB
easat-9712	227	21	spss	spss	PROPN
easat-9712	227	22	,	,	PUNCT
easat-9712	227	23	2nd	2nd	PROPN
easat-9712	227	24	ed	ed	NOUN
easat-9712	227	25	.	.	PUNCT
easat-9712	227	26	cham	cham	PROPN
easat-9712	227	27	,	,	PUNCT
easat-9712	227	28	switzerland	switzerland	PROPN
easat-9712	227	29	:	:	PUNCT
easat-9712	227	30	springer	springer	NOUN
easat-9712	227	31	,	,	PUNCT
easat-9712	227	32	2017	2017	NUM
easat-9712	227	33	.	.	PUNCT
easat-9712	228	1	[	[	X
easat-9712	228	2	31	31	NUM
easat-9712	228	3	]	]	PUNCT
easat-9712	228	4	r.	r.	PROPN
easat-9712	228	5	e.	e.	PROPN
easat-9712	228	6	de	de	PROPN
easat-9712	228	7	hoyos	hoyos	PROPN
easat-9712	228	8	and	and	CCONJ
easat-9712	228	9	v.	v.	ADP
easat-9712	228	10	sarafidis	sarafidi	NOUN
easat-9712	228	11	,	,	PUNCT
easat-9712	228	12	"	"	PUNCT
easat-9712	228	13	testing	testing	NOUN
easat-9712	228	14	for	for	ADP
easat-9712	228	15	cross	cross	ADJ
easat-9712	228	16	-	-	ADJ
easat-9712	228	17	sectional	sectional	ADJ
easat-9712	228	18	dependence	dependence	NOUN
easat-9712	228	19	in	in	ADP
easat-9712	228	20	panel	panel	NOUN
easat-9712	228	21	-	-	PUNCT
easat-9712	228	22	data	datum	NOUN
easat-9712	228	23	models	model	NOUN
easat-9712	228	24	,	,	PUNCT
easat-9712	228	25	"	"	PUNCT
easat-9712	228	26	stata	stata	PROPN
easat-9712	228	27	journal	journal	NOUN
easat-9712	228	28	,	,	PUNCT
easat-9712	228	29	vol	vol	NOUN
easat-9712	228	30	.	.	PROPN
easat-9712	228	31	6	6	NUM
easat-9712	228	32	,	,	PUNCT
easat-9712	228	33	no	no	INTJ
easat-9712	228	34	.	.	NOUN
easat-9712	228	35	4	4	NUM
easat-9712	228	36	,	,	PUNCT
easat-9712	228	37	pp	pp	ADJ
easat-9712	228	38	.	.	PUNCT
easat-9712	229	1	482	482	NUM
easat-9712	229	2	-	-	SYM
easat-9712	229	3	496	496	NUM
easat-9712	229	4	,	,	PUNCT
easat-9712	229	5	2006	2006	NUM
easat-9712	229	6	.	.	PUNCT
easat-9712	230	1	[	[	X
easat-9712	230	2	32	32	NUM
easat-9712	230	3	]	]	PUNCT
easat-9712	230	4	d.	d.	PROPN
easat-9712	230	5	hoechle	hoechle	PROPN
easat-9712	230	6	,	,	PUNCT
easat-9712	230	7	"	"	PUNCT
easat-9712	230	8	robust	robust	ADJ
easat-9712	230	9	standard	standard	ADJ
easat-9712	230	10	errors	error	NOUN
easat-9712	230	11	for	for	ADP
easat-9712	230	12	panel	panel	NOUN
easat-9712	230	13	regressions	regression	NOUN
easat-9712	230	14	with	with	ADP
easat-9712	230	15	cross	cross	ADJ
easat-9712	230	16	-	-	ADJ
easat-9712	230	17	sectional	sectional	ADJ
easat-9712	230	18	dependence	dependence	NOUN
easat-9712	230	19	,	,	PUNCT
easat-9712	230	20	"	"	PUNCT
easat-9712	230	21	stata	stata	PROPN
easat-9712	230	22	journal	journal	NOUN
easat-9712	230	23	,	,	PUNCT
easat-9712	230	24	vol	vol	NOUN
easat-9712	230	25	.	.	PROPN
easat-9712	230	26	7	7	NUM
easat-9712	230	27	,	,	PUNCT
easat-9712	230	28	no	no	INTJ
easat-9712	230	29	.	.	NOUN
easat-9712	230	30	3	3	NUM
easat-9712	230	31	,	,	PUNCT
easat-9712	230	32	pp	pp	ADJ
easat-9712	230	33	.	.	PUNCT
easat-9712	231	1	281	281	NUM
easat-9712	231	2	-	-	SYM
easat-9712	231	3	312	312	NUM
easat-9712	231	4	,	,	PUNCT
easat-9712	231	5	2007	2007	NUM
easat-9712	231	6	.	.	PUNCT
easat-9712	232	1	[	[	X
easat-9712	232	2	33	33	NUM
easat-9712	232	3	]	]	PUNCT
easat-9712	232	4	j.	j.	PROPN
easat-9712	232	5	m.	m.	PROPN
easat-9712	232	6	wooldridge	wooldridge	PROPN
easat-9712	232	7	,	,	PUNCT
easat-9712	232	8	econometric	econometric	VERB
easat-9712	232	9	analysis	analysis	NOUN
easat-9712	232	10	of	of	ADP
easat-9712	232	11	cross	cross	NOUN
easat-9712	232	12	section	section	NOUN
easat-9712	232	13	and	and	CCONJ
easat-9712	232	14	panel	panel	NOUN
easat-9712	232	15	data	datum	NOUN
easat-9712	232	16	,	,	PUNCT
easat-9712	232	17	2nd	2nd	PROPN
easat-9712	232	18	ed	ed	NOUN
easat-9712	232	19	.	.	PUNCT
easat-9712	233	1	cambridge	cambridge	PROPN
easat-9712	233	2	,	,	PUNCT
easat-9712	233	3	ma	ma	PROPN
easat-9712	233	4	,	,	PUNCT
easat-9712	233	5	usa	usa	PROPN
easat-9712	233	6	:	:	PUNCT
easat-9712	233	7	mit	mit	PROPN
easat-9712	233	8	press	press	NOUN
easat-9712	233	9	,	,	PUNCT
easat-9712	233	10	2019	2019	NUM
easat-9712	233	11	.	.	PUNCT
easat-9712	234	1	[	[	X
easat-9712	234	2	34	34	NUM
easat-9712	234	3	]	]	X
easat-9712	234	4	b.	b.	PROPN
easat-9712	234	5	h.	h.	PROPN
easat-9712	234	6	baltagi	baltagi	PROPN
easat-9712	234	7	and	and	CCONJ
easat-9712	234	8	q.	q.	PROPN
easat-9712	234	9	li	li	PROPN
easat-9712	234	10	,	,	PUNCT
easat-9712	234	11	"	"	PUNCT
easat-9712	234	12	testing	testing	NOUN
easat-9712	234	13	ar	ar	NOUN
easat-9712	234	14	(	(	PUNCT
easat-9712	234	15	1	1	NUM
easat-9712	234	16	)	)	PUNCT
easat-9712	234	17	against	against	ADP
easat-9712	234	18	ma	ma	PROPN
easat-9712	234	19	(	(	PUNCT
easat-9712	234	20	1	1	NUM
easat-9712	234	21	)	)	PUNCT
easat-9712	234	22	disturbances	disturbance	NOUN
easat-9712	234	23	in	in	ADP
easat-9712	234	24	an	an	DET
easat-9712	234	25	error	error	NOUN
easat-9712	234	26	component	component	NOUN
easat-9712	234	27	model	model	NOUN
easat-9712	234	28	,	,	PUNCT
easat-9712	234	29	"	"	PUNCT
easat-9712	234	30	journal	journal	NOUN
easat-9712	234	31	of	of	ADP
easat-9712	234	32	econometrics	econometric	NOUN
easat-9712	234	33	,	,	PUNCT
easat-9712	234	34	vol	vol	NOUN
easat-9712	234	35	.	.	PROPN
easat-9712	235	1	68	68	NUM
easat-9712	235	2	,	,	PUNCT
easat-9712	235	3	no	no	INTJ
easat-9712	235	4	.	.	NOUN
easat-9712	235	5	1	1	NUM
easat-9712	235	6	,	,	PUNCT
easat-9712	235	7	pp	pp	ADJ
easat-9712	235	8	.	.	PUNCT
easat-9712	236	1	133	133	NUM
easat-9712	236	2	-	-	SYM
easat-9712	236	3	151	151	NUM
easat-9712	236	4	,	,	PUNCT
easat-9712	236	5	1995	1995	NUM
easat-9712	236	6	.	.	PUNCT
easat-9712	237	1	[	[	X
easat-9712	237	2	35	35	NUM
easat-9712	237	3	]	]	PUNCT
easat-9712	237	4	a.	a.	NOUN
easat-9712	237	5	shaddady	shaddady	NOUN
easat-9712	237	6	,	,	PUNCT
easat-9712	237	7	"	"	PUNCT
easat-9712	237	8	financial	financial	ADJ
easat-9712	237	9	development	development	NOUN
easat-9712	237	10	and	and	CCONJ
easat-9712	237	11	economic	economic	ADJ
easat-9712	237	12	growth	growth	NOUN
easat-9712	237	13	in	in	ADP
easat-9712	237	14	mena	mena	PROPN
easat-9712	237	15	countries	countries	PROPN
easat-9712	237	16	:	:	PUNCT
easat-9712	237	17	evidence	evidence	NOUN
easat-9712	237	18	from	from	ADP
easat-9712	237	19	panel	panel	NOUN
easat-9712	237	20	data	datum	NOUN
easat-9712	237	21	,	,	PUNCT
easat-9712	237	22	"	"	PUNCT
easat-9712	237	23	emerging	emerge	VERB
easat-9712	237	24	markets	market	NOUN
easat-9712	237	25	review	review	VERB
easat-9712	237	26	,	,	PUNCT
easat-9712	237	27	vol	vol	NOUN
easat-9712	237	28	.	.	PROPN
easat-9712	237	29	57	57	NUM
easat-9712	237	30	,	,	PUNCT
easat-9712	237	31	p.	p.	NOUN
easat-9712	237	32	101102	101102	NUM
easat-9712	237	33	,	,	PUNCT
easat-9712	237	34	2023	2023	NUM
easat-9712	237	35	.	.	PUNCT
easat-9712	238	1	[	[	X
easat-9712	238	2	36	36	NUM
easat-9712	238	3	]	]	X
easat-9712	238	4	n.	n.	NOUN
easat-9712	238	5	hermes	hermes	PROPN
easat-9712	238	6	and	and	CCONJ
easat-9712	238	7	r.	r.	PROPN
easat-9712	238	8	lensink	lensink	PROPN
easat-9712	238	9	,	,	PUNCT
easat-9712	238	10	"	"	PUNCT
easat-9712	238	11	foreign	foreign	ADJ
easat-9712	238	12	direct	direct	ADJ
easat-9712	238	13	investment	investment	NOUN
easat-9712	238	14	,	,	PUNCT
easat-9712	238	15	financial	financial	ADJ
easat-9712	238	16	development	development	NOUN
easat-9712	238	17	and	and	CCONJ
easat-9712	238	18	economic	economic	ADJ
easat-9712	238	19	growth	growth	NOUN
easat-9712	238	20	,	,	PUNCT
easat-9712	238	21	"	"	PUNCT
easat-9712	238	22	the	the	DET
easat-9712	238	23	journal	journal	NOUN
easat-9712	238	24	of	of	ADP
easat-9712	238	25	development	development	NOUN
easat-9712	238	26	studies	study	NOUN
easat-9712	238	27	,	,	PUNCT
easat-9712	238	28	vol	vol	NOUN
easat-9712	238	29	.	.	PROPN
easat-9712	238	30	40	40	NUM
easat-9712	238	31	,	,	PUNCT
easat-9712	238	32	no	no	INTJ
easat-9712	238	33	.	.	NOUN
easat-9712	238	34	1	1	NUM
easat-9712	238	35	,	,	PUNCT
easat-9712	238	36	pp	pp	ADJ
easat-9712	238	37	.	.	PUNCT
easat-9712	239	1	142	142	NUM
easat-9712	239	2	-	-	SYM
easat-9712	239	3	163	163	NUM
easat-9712	239	4	,	,	PUNCT
easat-9712	239	5	2003	2003	NUM
easat-9712	239	6	.	.	PUNCT
easat-9712	240	1	https://doi.org/10.1080/00220380412331293707	https://doi.org/10.1080/00220380412331293707	NOUN
easat-9712	241	1	[	[	X
easat-9712	241	2	37	37	NUM
easat-9712	241	3	]	]	X
easat-9712	241	4	l.	l.	PROPN
easat-9712	241	5	alfaro	alfaro	PROPN
easat-9712	241	6	,	,	PUNCT
easat-9712	241	7	a.	a.	PROPN
easat-9712	241	8	chanda	chanda	PROPN
easat-9712	241	9	,	,	PUNCT
easat-9712	241	10	s.	s.	PROPN
easat-9712	241	11	kalemli	kalemli	PROPN
easat-9712	241	12	-	-	PUNCT
easat-9712	241	13	ozcan	ozcan	ADJ
easat-9712	241	14	,	,	PUNCT
easat-9712	241	15	and	and	CCONJ
easat-9712	241	16	s.	s.	PROPN
easat-9712	241	17	sayek	sayek	PROPN
easat-9712	241	18	,	,	PUNCT
easat-9712	241	19	"	"	PUNCT
easat-9712	241	20	fdi	fdi	NOUN
easat-9712	241	21	and	and	CCONJ
easat-9712	241	22	economic	economic	ADJ
easat-9712	241	23	growth	growth	NOUN
easat-9712	241	24	:	:	PUNCT
easat-9712	241	25	the	the	DET
easat-9712	241	26	role	role	NOUN
easat-9712	241	27	of	of	ADP
easat-9712	241	28	local	local	ADJ
easat-9712	241	29	financial	financial	ADJ
easat-9712	241	30	markets	market	NOUN
easat-9712	241	31	,	,	PUNCT
easat-9712	241	32	"	"	PUNCT
easat-9712	241	33	journal	journal	NOUN
easat-9712	241	34	of	of	ADP
easat-9712	241	35	international	international	ADJ
easat-9712	241	36	economics	economic	NOUN
easat-9712	241	37	,	,	PUNCT
easat-9712	241	38	vol	vol	NOUN
easat-9712	241	39	.	.	PROPN
easat-9712	241	40	64	64	NUM
easat-9712	241	41	,	,	PUNCT
easat-9712	241	42	no	no	INTJ
easat-9712	241	43	.	.	NOUN
easat-9712	241	44	1	1	NUM
easat-9712	241	45	,	,	PUNCT
easat-9712	241	46	pp	pp	ADJ
easat-9712	241	47	.	.	PUNCT
easat-9712	241	48	89	89	NUM
easat-9712	241	49	-	-	SYM
easat-9712	241	50	112	112	NUM
easat-9712	241	51	,	,	PUNCT
easat-9712	241	52	2004	2004	NUM
easat-9712	241	53	.	.	PUNCT
easat-9712	242	1	[	[	X
easat-9712	242	2	38	38	NUM
easat-9712	242	3	]	]	PUNCT
easat-9712	242	4	w.	w.	PROPN
easat-9712	242	5	easterly	easterly	PROPN
easat-9712	242	6	and	and	CCONJ
easat-9712	242	7	s.	s.	PROPN
easat-9712	242	8	rebelo	rebelo	PROPN
easat-9712	242	9	,	,	PUNCT
easat-9712	242	10	"	"	PUNCT
easat-9712	242	11	fiscal	fiscal	ADJ
easat-9712	242	12	policy	policy	NOUN
easat-9712	242	13	and	and	CCONJ
easat-9712	242	14	economic	economic	ADJ
easat-9712	242	15	growth	growth	NOUN
easat-9712	242	16	,	,	PUNCT
easat-9712	242	17	"	"	PUNCT
easat-9712	242	18	journal	journal	NOUN
easat-9712	242	19	of	of	ADP
easat-9712	242	20	monetary	monetary	ADJ
easat-9712	242	21	economics	economic	NOUN
easat-9712	242	22	,	,	PUNCT
easat-9712	242	23	vol	vol	NOUN
easat-9712	242	24	.	.	PROPN
easat-9712	242	25	32	32	NUM
easat-9712	242	26	,	,	PUNCT
easat-9712	242	27	no	no	INTJ
easat-9712	242	28	.	.	NOUN
easat-9712	242	29	3	3	NUM
easat-9712	242	30	,	,	PUNCT
easat-9712	242	31	pp	pp	ADJ
easat-9712	242	32	.	.	PUNCT
easat-9712	243	1	417458	417458	NUM
easat-9712	243	2	,	,	PUNCT
easat-9712	243	3	1993	1993	NUM
easat-9712	243	4	.	.	PUNCT
easat-9712	244	1	https://doi.org/10.1016/0304-3932(93)90025-b	https://doi.org/10.1016/0304-3932(93)90025-b	VERB
easat-9712	244	2	https://doi.org/10.1162/003465398557825	https://doi.org/10.1162/003465398557825	X
easat-9712	244	3	https://doi.org/10.1080/00220380412331293707	https://doi.org/10.1080/00220380412331293707	NOUN
easat-9712	244	4	https://doi.org/10.1016/0304-3932(93)90025-b	https://doi.org/10.1016/0304-3932(93)90025-b	ADJ