id	sid	tid	token	lemma	pos
emaj-58	1	1	study	study	NOUN
emaj-58	1	2	on	on	ADP
emaj-58	1	3	the	the	DET
emaj-58	1	4	shock	shock	NOUN
emaj-58	1	5	-	-	PUNCT
emaj-58	1	6	transmission	transmission	NOUN
emaj-58	1	7	mechanism	mechanism	NOUN
emaj-58	1	8	of	of	ADP
emaj-58	1	9	stock	stock	NOUN
emaj-58	1	10	price	price	NOUN
emaj-58	1	11	among	among	ADP
emaj-58	1	12	china	china	PROPN
emaj-58	1	13	,	,	PUNCT
emaj-58	1	14	russia	russia	PROPN
emaj-58	1	15	and	and	CCONJ
emaj-58	1	16	india	india	PROPN
emaj-58	1	17	*	*	PROPN
emaj-58	1	18	study	study	NOUN
emaj-58	1	19	on	on	ADP
emaj-58	1	20	the	the	DET
emaj-58	1	21	shock	shock	NOUN
emaj-58	1	22	-	-	PUNCT
emaj-58	1	23	transmission	transmission	NOUN
emaj-58	1	24	mechanism	mechanism	NOUN
emaj-58	1	25	of	of	ADP
emaj-58	1	26	stock	stock	NOUN
emaj-58	1	27	price	price	NOUN
emaj-58	1	28	among	among	ADP
emaj-58	1	29	china	china	PROPN
emaj-58	1	30	,	,	PUNCT
emaj-58	1	31	russia	russia	PROPN
emaj-58	1	32	and	and	CCONJ
emaj-58	1	33	india	india	PROPN
emaj-58	1	34	dr	dr	PROPN
emaj-58	1	35	.	.	PROPN
emaj-58	1	36	menggen	menggen	PROPN
emaj-58	1	37	chen	chen	PROPN
emaj-58	1	38	beijing	beijing	PROPN
emaj-58	1	39	normal	normal	ADJ
emaj-58	1	40	university	university	PROPN
emaj-58	1	41	,	,	PUNCT
emaj-58	1	42	institute	institute	NOUN
emaj-58	1	43	of	of	ADP
emaj-58	1	44	national	national	ADJ
emaj-58	1	45	accounts	account	NOUN
emaj-58	1	46	,	,	PUNCT
emaj-58	1	47	beijing	beijing	PROPN
emaj-58	1	48	,	,	PUNCT
emaj-58	1	49	china	china	PROPN
emaj-58	1	50	|	|	NOUN
emaj-58	1	51	email	email	NOUN
emaj-58	1	52	:	:	PUNCT
emaj-58	1	53	cmg@bnu.edu.cn	cmg@bnu.edu.cn	PROPN
emaj-58	1	54	abstract	abstract	ADJ
emaj-58	1	55	researchers	researcher	NOUN
emaj-58	1	56	pay	pay	VERB
emaj-58	1	57	more	more	ADJ
emaj-58	1	58	and	and	CCONJ
emaj-58	1	59	more	more	ADJ
emaj-58	1	60	attention	attention	NOUN
emaj-58	1	61	on	on	ADP
emaj-58	1	62	the	the	DET
emaj-58	1	63	price	price	NOUN
emaj-58	1	64	comovement	comovement	NOUN
emaj-58	1	65	-	-	PUNCT
emaj-58	1	66	effect	effect	NOUN
emaj-58	1	67	among	among	ADP
emaj-58	1	68	international	international	ADJ
emaj-58	1	69	stock	stock	NOUN
emaj-58	1	70	markets	market	NOUN
emaj-58	1	71	.	.	PUNCT
emaj-58	2	1	this	this	DET
emaj-58	2	2	paper	paper	NOUN
emaj-58	2	3	deals	deal	NOUN
emaj-58	2	4	with	with	ADP
emaj-58	2	5	the	the	DET
emaj-58	2	6	transmission	transmission	NOUN
emaj-58	2	7	mechanism	mechanism	NOUN
emaj-58	2	8	of	of	ADP
emaj-58	2	9	price	price	NOUN
emaj-58	2	10	shocks	shock	NOUN
emaj-58	2	11	among	among	ADP
emaj-58	2	12	three	three	NUM
emaj-58	2	13	stock	stock	NOUN
emaj-58	2	14	markets	market	NOUN
emaj-58	2	15	of	of	ADP
emaj-58	2	16	china	china	PROPN
emaj-58	2	17	,	,	PUNCT
emaj-58	2	18	russia	russia	PROPN
emaj-58	2	19	and	and	CCONJ
emaj-58	2	20	india	india	PROPN
emaj-58	2	21	,	,	PUNCT
emaj-58	2	22	with	with	ADP
emaj-58	2	23	a	a	DET
emaj-58	2	24	sample	sample	NOUN
emaj-58	2	25	of	of	ADP
emaj-58	2	26	weekly	weekly	ADJ
emaj-58	2	27	returns	return	NOUN
emaj-58	2	28	.	.	PUNCT
emaj-58	3	1	the	the	DET
emaj-58	3	2	results	result	NOUN
emaj-58	3	3	showed	show	VERB
emaj-58	3	4	that	that	SCONJ
emaj-58	3	5	the	the	DET
emaj-58	3	6	price	price	NOUN
emaj-58	3	7	fluctuation	fluctuation	NOUN
emaj-58	3	8	of	of	ADP
emaj-58	3	9	each	each	DET
emaj-58	3	10	market	market	NOUN
emaj-58	3	11	has	have	VERB
emaj-58	3	12	an	an	DET
emaj-58	3	13	influence	influence	NOUN
emaj-58	3	14	on	on	ADP
emaj-58	3	15	other	other	ADJ
emaj-58	3	16	markets	market	NOUN
emaj-58	3	17	,	,	PUNCT
emaj-58	3	18	although	although	SCONJ
emaj-58	3	19	the	the	DET
emaj-58	3	20	price	price	NOUN
emaj-58	3	21	behavior	behavior	NOUN
emaj-58	3	22	is	be	AUX
emaj-58	3	23	significantly	significantly	ADV
emaj-58	3	24	independent	independent	ADJ
emaj-58	3	25	.	.	PUNCT
emaj-58	4	1	the	the	DET
emaj-58	4	2	impact	impact	NOUN
emaj-58	4	3	of	of	ADP
emaj-58	4	4	external	external	ADJ
emaj-58	4	5	price	price	NOUN
emaj-58	4	6	innovations	innovation	NOUN
emaj-58	4	7	will	will	AUX
emaj-58	4	8	last	last	VERB
emaj-58	4	9	5	5	NUM
emaj-58	4	10	or	or	CCONJ
emaj-58	4	11	6	6	NUM
emaj-58	4	12	weeks	week	NOUN
emaj-58	4	13	usually	usually	ADV
emaj-58	4	14	and	and	CCONJ
emaj-58	4	15	disappear	disappear	VERB
emaj-58	4	16	after	after	ADP
emaj-58	4	17	about	about	ADV
emaj-58	4	18	8	8	NUM
emaj-58	4	19	weeks	week	NOUN
emaj-58	4	20	.	.	PUNCT
emaj-58	5	1	the	the	DET
emaj-58	5	2	pattern	pattern	NOUN
emaj-58	5	3	of	of	ADP
emaj-58	5	4	transmission	transmission	NOUN
emaj-58	5	5	-	-	PUNCT
emaj-58	5	6	mechanism	mechanism	NOUN
emaj-58	5	7	for	for	ADP
emaj-58	5	8	the	the	DET
emaj-58	5	9	price	price	NOUN
emaj-58	5	10	shocks	shock	NOUN
emaj-58	5	11	is	be	AUX
emaj-58	5	12	very	very	ADV
emaj-58	5	13	different	different	ADJ
emaj-58	5	14	from	from	ADP
emaj-58	5	15	each	each	DET
emaj-58	5	16	other	other	ADJ
emaj-58	5	17	.	.	PUNCT
emaj-58	6	1	besides	besides	ADV
emaj-58	6	2	,	,	PUNCT
emaj-58	6	3	a	a	DET
emaj-58	6	4	further	further	ADJ
emaj-58	6	5	study	study	NOUN
emaj-58	6	6	revealed	reveal	VERB
emaj-58	6	7	that	that	SCONJ
emaj-58	6	8	the	the	DET
emaj-58	6	9	influence	influence	NOUN
emaj-58	6	10	of	of	ADP
emaj-58	6	11	external	external	ADJ
emaj-58	6	12	shocks	shock	NOUN
emaj-58	6	13	on	on	ADP
emaj-58	6	14	the	the	DET
emaj-58	6	15	domestic	domestic	ADJ
emaj-58	6	16	stock	stock	NOUN
emaj-58	6	17	price	price	NOUN
emaj-58	6	18	increased	increase	VERB
emaj-58	6	19	significantly	significantly	ADV
emaj-58	6	20	among	among	ADP
emaj-58	6	21	the	the	DET
emaj-58	6	22	three	three	NUM
emaj-58	6	23	markets	market	NOUN
emaj-58	6	24	after	after	ADP
emaj-58	6	25	the	the	DET
emaj-58	6	26	2008	2008	NUM
emaj-58	6	27	international	international	ADJ
emaj-58	6	28	financial	financial	ADJ
emaj-58	6	29	crisis	crisis	NOUN
emaj-58	6	30	.	.	PUNCT
emaj-58	7	1	keywords	keyword	NOUN
emaj-58	7	2	:	:	PUNCT
emaj-58	7	3	stock	stock	NOUN
emaj-58	7	4	markets	market	NOUN
emaj-58	7	5	;	;	PUNCT
emaj-58	7	6	price	price	NOUN
emaj-58	7	7	shock	shock	NOUN
emaj-58	7	8	;	;	PUNCT
emaj-58	7	9	transmission	transmission	NOUN
emaj-58	7	10	effect	effect	NOUN
emaj-58	7	11	new	new	ADJ
emaj-58	7	12	articles	article	NOUN
emaj-58	7	13	in	in	ADP
emaj-58	7	14	this	this	DET
emaj-58	7	15	journal	journal	NOUN
emaj-58	7	16	are	be	AUX
emaj-58	7	17	licensed	license	VERB
emaj-58	7	18	under	under	ADP
emaj-58	7	19	a	a	DET
emaj-58	7	20	creative	creative	ADJ
emaj-58	7	21	commons	common	NOUN
emaj-58	7	22	attribution	attribution	NOUN
emaj-58	7	23	3.0	3.0	NUM
emaj-58	7	24	united	unite	VERB
emaj-58	7	25	states	states	PROPN
emaj-58	7	26	license	license	NOUN
emaj-58	7	27	.	.	PUNCT
emaj-58	8	1	this	this	DET
emaj-58	8	2	journal	journal	NOUN
emaj-58	8	3	is	be	AUX
emaj-58	8	4	published	publish	VERB
emaj-58	8	5	by	by	ADP
emaj-58	8	6	the	the	DET
emaj-58	8	7	university	university	NOUN
emaj-58	8	8	library	library	NOUN
emaj-58	8	9	system	system	NOUN
emaj-58	8	10	of	of	ADP
emaj-58	8	11	the	the	DET
emaj-58	8	12	university	university	PROPN
emaj-58	8	13	of	of	ADP
emaj-58	8	14	pittsburgh	pittsburgh	PROPN
emaj-58	8	15	as	as	ADP
emaj-58	8	16	part	part	NOUN
emaj-58	8	17	of	of	ADP
emaj-58	8	18	its	its	PRON
emaj-58	8	19	d	d	NOUN
emaj-58	8	20	-	-	PUNCT
emaj-58	8	21	scribe	scribe	VERB
emaj-58	8	22	digital	digital	ADJ
emaj-58	8	23	publishing	publishing	NOUN
emaj-58	8	24	program	program	NOUN
emaj-58	8	25	,	,	PUNCT
emaj-58	8	26	and	and	CCONJ
emaj-58	8	27	is	be	AUX
emaj-58	8	28	cosponsored	cosponsor	VERB
emaj-58	8	29	by	by	ADP
emaj-58	8	30	the	the	DET
emaj-58	8	31	university	university	PROPN
emaj-58	8	32	of	of	ADP
emaj-58	8	33	pittsburgh	pittsburgh	PROPN
emaj-58	8	34	press	press	NOUN
emaj-58	8	35	.	.	PUNCT
emaj-58	9	1	volume	volume	NOUN
emaj-58	9	2	4	4	NUM
emaj-58	9	3	no	no	DET
emaj-58	9	4	1	1	NUM
emaj-58	9	5	(	(	PUNCT
emaj-58	9	6	2014	2014	NUM
emaj-58	9	7	)	)	PUNCT
emaj-58	9	8	|	|	ADV
emaj-58	9	9	issn	issn	VERB
emaj-58	9	10	2158	2158	NUM
emaj-58	9	11	-	-	SYM
emaj-58	9	12	8708	8708	NUM
emaj-58	9	13	(	(	PUNCT
emaj-58	9	14	online	online	NOUN
emaj-58	9	15	)	)	PUNCT
emaj-58	9	16	|	|	ADV
emaj-58	9	17	doi	doi	X
emaj-58	9	18	10.5195	10.5195	NUM
emaj-58	9	19	/	/	SYM
emaj-58	9	20	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	9	21	|	|	ADV
emaj-58	9	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-58	9	23	|	|	ADV
emaj-58	9	24	mailto:cmg@bnu.edu.cn	mailto:cmg@bnu.edu.cn	PROPN
emaj-58	9	25	http://www.library.pitt.edu/	http://www.library.pitt.edu/	PROPN
emaj-58	9	26	http://www.pitt.edu/	http://www.pitt.edu/	NOUN
emaj-58	9	27	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	NOUN
emaj-58	9	28	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	PROPN
emaj-58	9	29	http://www.upress.pitt.edu/upressindex.aspx	http://www.upress.pitt.edu/upressindex.aspx	PRON
emaj-58	9	30	volume	volume	NOUN
emaj-58	9	31	4	4	NUM
emaj-58	9	32	no	no	DET
emaj-58	9	33	1	1	NUM
emaj-58	9	34	(	(	PUNCT
emaj-58	9	35	2014	2014	NUM
emaj-58	9	36	)	)	PUNCT
emaj-58	9	37	|	|	ADV
emaj-58	9	38	issn	issn	VERB
emaj-58	9	39	2158	2158	NUM
emaj-58	9	40	-	-	SYM
emaj-58	9	41	8708	8708	NUM
emaj-58	9	42	(	(	PUNCT
emaj-58	9	43	online	online	NOUN
emaj-58	9	44	)	)	PUNCT
emaj-58	9	45	|	|	ADV
emaj-58	9	46	doi	doi	X
emaj-58	9	47	10.5195	10.5195	NUM
emaj-58	9	48	/	/	SYM
emaj-58	9	49	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	10	1	|	|	PROPN
emaj-58	10	2	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-58	10	3	dr	dr	PROPN
emaj-58	10	4	.	.	PROPN
emaj-58	10	5	menggen	menggen	PROPN
emaj-58	10	6	chen	chen	PROPN
emaj-58	10	7	emerging	emerge	VERB
emaj-58	10	8	markets	market	NOUN
emaj-58	10	9	journal	journal	NOUN
emaj-58	10	10	|	|	ADV
emaj-58	10	11	p	p	NOUN
emaj-58	10	12	a	a	DET
emaj-58	10	13	g	g	NOUN
emaj-58	10	14	e	e	NOUN
emaj-58	10	15	|33	|33	NOUN
emaj-58	10	16	study	study	NOUN
emaj-58	10	17	on	on	ADP
emaj-58	10	18	the	the	DET
emaj-58	10	19	shock	shock	NOUN
emaj-58	10	20	-	-	PUNCT
emaj-58	10	21	transmission	transmission	NOUN
emaj-58	10	22	mechanism	mechanism	NOUN
emaj-58	10	23	of	of	ADP
emaj-58	10	24	stock	stock	NOUN
emaj-58	10	25	price	price	NOUN
emaj-58	10	26	among	among	ADP
emaj-58	10	27	china	china	PROPN
emaj-58	10	28	,	,	PUNCT
emaj-58	10	29	russia	russia	PROPN
emaj-58	10	30	and	and	CCONJ
emaj-58	10	31	india	india	PROPN
emaj-58	10	32	dr	dr	PROPN
emaj-58	10	33	.	.	PROPN
emaj-58	10	34	menggen	menggen	PROPN
emaj-58	10	35	chen	chen	PROPN
emaj-58	10	36	1	1	NUM
emaj-58	10	37	introduction	introduction	NOUN
emaj-58	10	38	as	as	ADP
emaj-58	10	39	three	three	NUM
emaj-58	10	40	important	important	ADJ
emaj-58	10	41	emerging	emerge	VERB
emaj-58	10	42	economies	economy	NOUN
emaj-58	10	43	in	in	ADP
emaj-58	10	44	the	the	DET
emaj-58	10	45	world	world	NOUN
emaj-58	10	46	,	,	PUNCT
emaj-58	10	47	china	china	PROPN
emaj-58	10	48	,	,	PUNCT
emaj-58	10	49	russia	russia	PROPN
emaj-58	10	50	and	and	CCONJ
emaj-58	10	51	india	india	PROPN
emaj-58	10	52	are	be	AUX
emaj-58	10	53	geographical	geographical	ADJ
emaj-58	10	54	proximity	proximity	NOUN
emaj-58	10	55	and	and	CCONJ
emaj-58	10	56	closely	closely	ADV
emaj-58	10	57	interconnected	interconnected	ADJ
emaj-58	10	58	in	in	ADP
emaj-58	10	59	terms	term	NOUN
emaj-58	10	60	of	of	ADP
emaj-58	10	61	political	political	ADJ
emaj-58	10	62	,	,	PUNCT
emaj-58	10	63	economic	economic	ADJ
emaj-58	10	64	,	,	PUNCT
emaj-58	10	65	social	social	ADJ
emaj-58	10	66	,	,	PUNCT
emaj-58	10	67	cultural	cultural	ADJ
emaj-58	10	68	,	,	PUNCT
emaj-58	10	69	military	military	ADJ
emaj-58	10	70	,	,	PUNCT
emaj-58	10	71	scientific	scientific	ADJ
emaj-58	10	72	and	and	CCONJ
emaj-58	10	73	technological	technological	ADJ
emaj-58	10	74	spheres	sphere	NOUN
emaj-58	10	75	.	.	PUNCT
emaj-58	11	1	in	in	ADP
emaj-58	11	2	fact	fact	NOUN
emaj-58	11	3	,	,	PUNCT
emaj-58	11	4	these	these	DET
emaj-58	11	5	countries	country	NOUN
emaj-58	11	6	have	have	VERB
emaj-58	11	7	a	a	DET
emaj-58	11	8	huge	huge	ADJ
emaj-58	11	9	impact	impact	NOUN
emaj-58	11	10	on	on	ADP
emaj-58	11	11	global	global	ADJ
emaj-58	11	12	and	and	CCONJ
emaj-58	11	13	regional	regional	ADJ
emaj-58	11	14	development	development	NOUN
emaj-58	11	15	and	and	CCONJ
emaj-58	11	16	stability	stability	NOUN
emaj-58	11	17	.	.	PUNCT
emaj-58	12	1	in	in	ADP
emaj-58	12	2	october	october	PROPN
emaj-58	12	3	2003	2003	NUM
emaj-58	12	4	,	,	PUNCT
emaj-58	12	5	a	a	DET
emaj-58	12	6	global	global	ADJ
emaj-58	12	7	economic	economic	ADJ
emaj-58	12	8	report	report	NOUN
emaj-58	12	9	of	of	ADP
emaj-58	12	10	the	the	DET
emaj-58	12	11	goldman	goldman	PROPN
emaj-58	12	12	sachs	sachs	PROPN
emaj-58	12	13	predicted	predict	VERB
emaj-58	12	14	that	that	SCONJ
emaj-58	12	15	over	over	ADP
emaj-58	12	16	the	the	DET
emaj-58	12	17	next	next	ADJ
emaj-58	12	18	50	50	NUM
emaj-58	12	19	years	year	NOUN
emaj-58	12	20	the	the	DET
emaj-58	12	21	world	world	NOUN
emaj-58	12	22	economy	economy	NOUN
emaj-58	12	23	will	will	AUX
emaj-58	12	24	change	change	VERB
emaj-58	12	25	dramatically	dramatically	ADV
emaj-58	12	26	and	and	CCONJ
emaj-58	12	27	the	the	DET
emaj-58	12	28	six	six	NUM
emaj-58	12	29	largest	large	ADJ
emaj-58	12	30	economies	economy	NOUN
emaj-58	12	31	will	will	AUX
emaj-58	12	32	be	be	AUX
emaj-58	12	33	china	china	PROPN
emaj-58	12	34	,	,	PUNCT
emaj-58	12	35	us	us	PROPN
emaj-58	12	36	,	,	PUNCT
emaj-58	12	37	india	india	PROPN
emaj-58	12	38	,	,	PUNCT
emaj-58	12	39	japan	japan	PROPN
emaj-58	12	40	,	,	PUNCT
emaj-58	12	41	brazil	brazil	PROPN
emaj-58	12	42	and	and	CCONJ
emaj-58	12	43	russia	russia	PROPN
emaj-58	12	44	in	in	ADP
emaj-58	12	45	20501	20501	NUM
emaj-58	12	46	.	.	PUNCT
emaj-58	13	1	at	at	ADP
emaj-58	13	2	present	present	ADJ
emaj-58	13	3	,	,	PUNCT
emaj-58	13	4	china	china	PROPN
emaj-58	13	5	is	be	AUX
emaj-58	13	6	the	the	DET
emaj-58	13	7	world	world	NOUN
emaj-58	13	8	’s	’s	PART
emaj-58	13	9	second	second	ADV
emaj-58	13	10	largest	large	ADJ
emaj-58	13	11	economy	economy	NOUN
emaj-58	13	12	,	,	PUNCT
emaj-58	13	13	the	the	DET
emaj-58	13	14	largest	large	ADJ
emaj-58	13	15	exporter	exporter	NOUN
emaj-58	13	16	and	and	CCONJ
emaj-58	13	17	second	second	ADV
emaj-58	13	18	largest	large	ADJ
emaj-58	13	19	importer	importer	NOUN
emaj-58	13	20	and	and	CCONJ
emaj-58	13	21	one	one	NUM
emaj-58	13	22	of	of	ADP
emaj-58	13	23	the	the	DET
emaj-58	13	24	fastest	fast	ADV
emaj-58	13	25	-	-	PUNCT
emaj-58	13	26	growing	grow	VERB
emaj-58	13	27	economies	economy	NOUN
emaj-58	13	28	.	.	PUNCT
emaj-58	14	1	russia	russia	PROPN
emaj-58	14	2	,	,	PUNCT
emaj-58	14	3	which	which	PRON
emaj-58	14	4	is	be	AUX
emaj-58	14	5	vast	vast	ADJ
emaj-58	14	6	in	in	ADP
emaj-58	14	7	territory	territory	NOUN
emaj-58	14	8	across	across	ADP
emaj-58	14	9	the	the	DET
emaj-58	14	10	asia	asia	PROPN
emaj-58	14	11	and	and	CCONJ
emaj-58	14	12	the	the	DET
emaj-58	14	13	europe	europe	PROPN
emaj-58	14	14	,	,	PUNCT
emaj-58	14	15	abounds	abound	VERB
emaj-58	14	16	with	with	ADP
emaj-58	14	17	minerals	mineral	NOUN
emaj-58	14	18	and	and	CCONJ
emaj-58	14	19	energy	energy	NOUN
emaj-58	14	20	resources	resource	NOUN
emaj-58	14	21	and	and	CCONJ
emaj-58	14	22	now	now	ADV
emaj-58	14	23	it	it	PRON
emaj-58	14	24	is	be	AUX
emaj-58	14	25	the	the	DET
emaj-58	14	26	ninth	ninth	ADJ
emaj-58	14	27	largest	large	ADJ
emaj-58	14	28	economy	economy	NOUN
emaj-58	14	29	according	accord	VERB
emaj-58	14	30	to	to	ADP
emaj-58	14	31	the	the	DET
emaj-58	14	32	imf	imf	PROPN
emaj-58	14	33	’s	’s	PART
emaj-58	14	34	latest	late	ADJ
emaj-58	14	35	rankings	ranking	NOUN
emaj-58	14	36	of	of	ADP
emaj-58	14	37	the	the	DET
emaj-58	14	38	world	world	NOUN
emaj-58	14	39	economy	economy	NOUN
emaj-58	14	40	in	in	ADP
emaj-58	14	41	2013	2013	NUM
emaj-58	14	42	.	.	PUNCT
emaj-58	15	1	india	india	PROPN
emaj-58	15	2	,	,	PUNCT
emaj-58	15	3	as	as	ADP
emaj-58	15	4	one	one	NUM
emaj-58	15	5	of	of	ADP
emaj-58	15	6	the	the	DET
emaj-58	15	7	fastest	fast	ADV
emaj-58	15	8	-	-	PUNCT
emaj-58	15	9	growing	grow	VERB
emaj-58	15	10	economies	economy	NOUN
emaj-58	15	11	in	in	ADP
emaj-58	15	12	the	the	DET
emaj-58	15	13	world	world	NOUN
emaj-58	15	14	,	,	PUNCT
emaj-58	15	15	is	be	AUX
emaj-58	15	16	an	an	DET
emaj-58	15	17	international	international	ADJ
emaj-58	15	18	powerhouse	powerhouse	NOUN
emaj-58	15	19	in	in	ADP
emaj-58	15	20	software	software	NOUN
emaj-58	15	21	industry	industry	NOUN
emaj-58	15	22	and	and	CCONJ
emaj-58	15	23	also	also	ADV
emaj-58	15	24	a	a	DET
emaj-58	15	25	major	major	ADJ
emaj-58	15	26	exporter	exporter	NOUN
emaj-58	15	27	of	of	ADP
emaj-58	15	28	financial	financial	ADJ
emaj-58	15	29	,	,	PUNCT
emaj-58	15	30	research	research	NOUN
emaj-58	15	31	and	and	CCONJ
emaj-58	15	32	technical	technical	ADJ
emaj-58	15	33	services	service	NOUN
emaj-58	15	34	.	.	PUNCT
emaj-58	16	1	for	for	ADP
emaj-58	16	2	a	a	DET
emaj-58	16	3	long	long	ADJ
emaj-58	16	4	time	time	NOUN
emaj-58	16	5	,	,	PUNCT
emaj-58	16	6	china	china	PROPN
emaj-58	16	7	,	,	PUNCT
emaj-58	16	8	russia	russia	PROPN
emaj-58	16	9	and	and	CCONJ
emaj-58	16	10	india	india	PROPN
emaj-58	16	11	have	have	AUX
emaj-58	16	12	built	build	VERB
emaj-58	16	13	up	up	ADP
emaj-58	16	14	a	a	DET
emaj-58	16	15	closely	closely	ADV
emaj-58	16	16	bilateral	bilateral	ADJ
emaj-58	16	17	relationship	relationship	NOUN
emaj-58	16	18	each	each	DET
emaj-58	16	19	other	other	ADJ
emaj-58	16	20	.	.	PUNCT
emaj-58	17	1	especially	especially	ADV
emaj-58	17	2	,	,	PUNCT
emaj-58	17	3	after	after	ADP
emaj-58	17	4	the	the	DET
emaj-58	17	5	2008	2008	NUM
emaj-58	17	6	international	international	ADJ
emaj-58	17	7	financial	financial	ADJ
emaj-58	17	8	crisis	crisis	NOUN
emaj-58	17	9	,	,	PUNCT
emaj-58	17	10	the	the	DET
emaj-58	17	11	three	three	NUM
emaj-58	17	12	countries	country	NOUN
emaj-58	17	13	further	far	ADV
emaj-58	17	14	strengthened	strengthen	VERB
emaj-58	17	15	the	the	DET
emaj-58	17	16	economic	economic	ADJ
emaj-58	17	17	and	and	CCONJ
emaj-58	17	18	political	political	ADJ
emaj-58	17	19	cooperation	cooperation	NOUN
emaj-58	17	20	under	under	ADP
emaj-58	17	21	the	the	DET
emaj-58	17	22	brics	brics	NOUN
emaj-58	17	23	-	-	PUNCT
emaj-58	17	24	country	country	NOUN
emaj-58	17	25	mechanism	mechanism	NOUN
emaj-58	17	26	.	.	PUNCT
emaj-58	18	1	meanwhile	meanwhile	ADV
emaj-58	18	2	,	,	PUNCT
emaj-58	18	3	they	they	PRON
emaj-58	18	4	are	be	AUX
emaj-58	18	5	also	also	ADV
emaj-58	18	6	key	key	ADJ
emaj-58	18	7	countries	country	NOUN
emaj-58	18	8	attracting	attract	VERB
emaj-58	18	9	international	international	ADJ
emaj-58	18	10	investment	investment	NOUN
emaj-58	18	11	and	and	CCONJ
emaj-58	18	12	hot	hot	ADJ
emaj-58	18	13	money	money	NOUN
emaj-58	18	14	in	in	ADP
emaj-58	18	15	recent	recent	ADJ
emaj-58	18	16	twenty	twenty	NUM
emaj-58	18	17	years	year	NOUN
emaj-58	18	18	.	.	PUNCT
emaj-58	19	1	as	as	SCONJ
emaj-58	19	2	we	we	PRON
emaj-58	19	3	all	all	PRON
emaj-58	19	4	know	know	VERB
emaj-58	19	5	,	,	PUNCT
emaj-58	19	6	the	the	DET
emaj-58	19	7	price	price	NOUN
emaj-58	19	8	comovement	comovement	NOUN
emaj-58	19	9	-	-	PUNCT
emaj-58	19	10	effect	effect	NOUN
emaj-58	19	11	1	1	NUM
emaj-58	19	12	goldman	goldman	NOUN
emaj-58	19	13	sachs	sachs	NOUN
emaj-58	19	14	,	,	PUNCT
emaj-58	19	15	2003	2003	NUM
emaj-58	19	16	,	,	PUNCT
emaj-58	19	17	dreaming	dream	VERB
emaj-58	19	18	with	with	ADP
emaj-58	19	19	brics	bric	NOUN
emaj-58	19	20	:	:	PUNCT
emaj-58	19	21	the	the	DET
emaj-58	19	22	path	path	NOUN
emaj-58	19	23	to	to	ADP
emaj-58	19	24	2050	2050	NUM
emaj-58	19	25	.	.	PUNCT
emaj-58	20	1	goldman	goldman	PROPN
emaj-58	20	2	sachs	sachs	PROPN
emaj-58	20	3	global	global	PROPN
emaj-58	20	4	economics	economics	PROPN
emaj-58	20	5	paper	paper	NOUN
emaj-58	20	6	,	,	PUNCT
emaj-58	20	7	no	no	INTJ
emaj-58	20	8	.	.	PROPN
emaj-58	20	9	99	99	NUM
emaj-58	20	10	,	,	PUNCT
emaj-58	20	11	october	october	PROPN
emaj-58	20	12	.	.	PUNCT
emaj-58	21	1	among	among	ADP
emaj-58	21	2	international	international	ADJ
emaj-58	21	3	stock	stock	NOUN
emaj-58	21	4	markets	market	NOUN
emaj-58	21	5	has	have	AUX
emaj-58	21	6	been	be	AUX
emaj-58	21	7	a	a	DET
emaj-58	21	8	focus	focus	NOUN
emaj-58	21	9	of	of	ADP
emaj-58	21	10	researchers	researcher	NOUN
emaj-58	21	11	’	’	PART
emaj-58	21	12	attention	attention	NOUN
emaj-58	21	13	in	in	ADP
emaj-58	21	14	the	the	DET
emaj-58	21	15	finance	finance	NOUN
emaj-58	21	16	(	(	PUNCT
emaj-58	21	17	berger	berger	PROPN
emaj-58	21	18	and	and	CCONJ
emaj-58	21	19	pozzi	pozzi	PROPN
emaj-58	21	20	,	,	PUNCT
emaj-58	21	21	2013	2013	NUM
emaj-58	21	22	)	)	PUNCT
emaj-58	21	23	.	.	PUNCT
emaj-58	22	1	along	along	ADP
emaj-58	22	2	with	with	ADP
emaj-58	22	3	the	the	DET
emaj-58	22	4	increasing	increase	VERB
emaj-58	22	5	growth	growth	NOUN
emaj-58	22	6	of	of	ADP
emaj-58	22	7	the	the	DET
emaj-58	22	8	bilateral	bilateral	ADJ
emaj-58	22	9	economic	economic	ADJ
emaj-58	22	10	and	and	CCONJ
emaj-58	22	11	trading	trading	NOUN
emaj-58	22	12	linkage	linkage	NOUN
emaj-58	22	13	,	,	PUNCT
emaj-58	22	14	the	the	DET
emaj-58	22	15	financial	financial	ADJ
emaj-58	22	16	relationship	relationship	NOUN
emaj-58	22	17	among	among	ADP
emaj-58	22	18	china	china	PROPN
emaj-58	22	19	,	,	PUNCT
emaj-58	22	20	russia	russia	PROPN
emaj-58	22	21	and	and	CCONJ
emaj-58	22	22	india	india	PROPN
emaj-58	22	23	is	be	AUX
emaj-58	22	24	continuously	continuously	ADV
emaj-58	22	25	strengthened	strengthen	VERB
emaj-58	22	26	.	.	PUNCT
emaj-58	23	1	this	this	DET
emaj-58	23	2	study	study	NOUN
emaj-58	23	3	intends	intend	VERB
emaj-58	23	4	to	to	PART
emaj-58	23	5	explore	explore	VERB
emaj-58	23	6	the	the	DET
emaj-58	23	7	shock	shock	NOUN
emaj-58	23	8	-	-	PUNCT
emaj-58	23	9	transmission	transmission	NOUN
emaj-58	23	10	mechanism	mechanism	NOUN
emaj-58	23	11	of	of	ADP
emaj-58	23	12	stock	stock	NOUN
emaj-58	23	13	price	price	NOUN
emaj-58	23	14	among	among	ADP
emaj-58	23	15	china	china	PROPN
emaj-58	23	16	,	,	PUNCT
emaj-58	23	17	russia	russia	PROPN
emaj-58	23	18	and	and	CCONJ
emaj-58	23	19	india	india	PROPN
emaj-58	23	20	,	,	PUNCT
emaj-58	23	21	which	which	PRON
emaj-58	23	22	has	have	VERB
emaj-58	23	23	an	an	DET
emaj-58	23	24	obvious	obvious	ADJ
emaj-58	23	25	practical	practical	ADJ
emaj-58	23	26	importance	importance	NOUN
emaj-58	23	27	.	.	PUNCT
emaj-58	24	1	the	the	DET
emaj-58	24	2	remainder	remainder	NOUN
emaj-58	24	3	of	of	ADP
emaj-58	24	4	this	this	DET
emaj-58	24	5	paper	paper	NOUN
emaj-58	24	6	is	be	AUX
emaj-58	24	7	organized	organize	VERB
emaj-58	24	8	as	as	SCONJ
emaj-58	24	9	follows	follow	VERB
emaj-58	24	10	:	:	PUNCT
emaj-58	24	11	section	section	NOUN
emaj-58	24	12	2	2	NUM
emaj-58	24	13	is	be	AUX
emaj-58	24	14	a	a	DET
emaj-58	24	15	review	review	NOUN
emaj-58	24	16	of	of	ADP
emaj-58	24	17	the	the	DET
emaj-58	24	18	related	relate	VERB
emaj-58	24	19	theory	theory	NOUN
emaj-58	24	20	and	and	CCONJ
emaj-58	24	21	literatures	literature	NOUN
emaj-58	24	22	,	,	PUNCT
emaj-58	24	23	section	section	NOUN
emaj-58	24	24	3	3	NUM
emaj-58	24	25	discusses	discuss	VERB
emaj-58	24	26	the	the	DET
emaj-58	24	27	methodology	methodology	NOUN
emaj-58	24	28	,	,	PUNCT
emaj-58	24	29	section	section	NOUN
emaj-58	24	30	4	4	NUM
emaj-58	24	31	reports	report	VERB
emaj-58	24	32	the	the	DET
emaj-58	24	33	empirical	empirical	ADJ
emaj-58	24	34	study	study	NOUN
emaj-58	24	35	and	and	CCONJ
emaj-58	24	36	section	section	NOUN
emaj-58	24	37	5	5	NUM
emaj-58	24	38	concludes	conclude	VERB
emaj-58	24	39	the	the	DET
emaj-58	24	40	paper	paper	NOUN
emaj-58	24	41	shortly	shortly	ADV
emaj-58	24	42	.	.	PUNCT
emaj-58	25	1	2	2	NUM
emaj-58	25	2	theory	theory	NOUN
emaj-58	25	3	and	and	CCONJ
emaj-58	25	4	literature	literature	NOUN
emaj-58	25	5	review	review	NOUN
emaj-58	25	6	generally	generally	ADV
emaj-58	25	7	,	,	PUNCT
emaj-58	25	8	the	the	DET
emaj-58	25	9	price	price	NOUN
emaj-58	25	10	comovement	comovement	NOUN
emaj-58	25	11	-	-	PUNCT
emaj-58	25	12	effect	effect	NOUN
emaj-58	25	13	in	in	ADP
emaj-58	25	14	stock	stock	NOUN
emaj-58	25	15	markets	market	NOUN
emaj-58	25	16	could	could	AUX
emaj-58	25	17	be	be	AUX
emaj-58	25	18	thought	think	VERB
emaj-58	25	19	as	as	ADP
emaj-58	25	20	a	a	DET
emaj-58	25	21	chain	chain	NOUN
emaj-58	25	22	reaction	reaction	NOUN
emaj-58	25	23	,	,	PUNCT
emaj-58	25	24	that	that	ADV
emaj-58	25	25	is	is	ADV
emaj-58	25	26	,	,	PUNCT
emaj-58	25	27	the	the	DET
emaj-58	25	28	returns	return	NOUN
emaj-58	25	29	of	of	ADP
emaj-58	25	30	different	different	ADJ
emaj-58	25	31	markets	market	NOUN
emaj-58	25	32	,	,	PUNCT
emaj-58	25	33	different	different	ADJ
emaj-58	25	34	sector	sector	NOUN
emaj-58	25	35	-	-	PUNCT
emaj-58	25	36	stock	stock	NOUN
emaj-58	25	37	portfolios	portfolio	NOUN
emaj-58	25	38	or	or	CCONJ
emaj-58	25	39	different	different	ADJ
emaj-58	25	40	stocks	stock	NOUN
emaj-58	25	41	in	in	ADP
emaj-58	25	42	one	one	NUM
emaj-58	25	43	market	market	NOUN
emaj-58	25	44	exhibit	exhibit	VERB
emaj-58	25	45	a	a	DET
emaj-58	25	46	significant	significant	ADJ
emaj-58	25	47	correlation	correlation	NOUN
emaj-58	25	48	,	,	PUNCT
emaj-58	25	49	and	and	CCONJ
emaj-58	25	50	form	form	VERB
emaj-58	25	51	a	a	DET
emaj-58	25	52	long	long	ADJ
emaj-58	25	53	-	-	PUNCT
emaj-58	25	54	term	term	NOUN
emaj-58	25	55	equilibrium	equilibrium	NOUN
emaj-58	25	56	or	or	CCONJ
emaj-58	25	57	a	a	DET
emaj-58	25	58	synchronous	synchronous	ADJ
emaj-58	25	59	moving	move	VERB
emaj-58	25	60	trend	trend	NOUN
emaj-58	25	61	(	(	PUNCT
emaj-58	25	62	chen	chen	PROPN
emaj-58	25	63	,	,	PUNCT
emaj-58	25	64	2010	2010	NUM
emaj-58	25	65	)	)	PUNCT
emaj-58	25	66	.	.	PUNCT
emaj-58	26	1	under	under	ADP
emaj-58	26	2	the	the	DET
emaj-58	26	3	background	background	NOUN
emaj-58	26	4	of	of	ADP
emaj-58	26	5	economic	economic	ADJ
emaj-58	26	6	globalization	globalization	NOUN
emaj-58	26	7	,	,	PUNCT
emaj-58	26	8	researchers	researcher	NOUN
emaj-58	26	9	pay	pay	VERB
emaj-58	26	10	more	more	ADJ
emaj-58	26	11	and	and	CCONJ
emaj-58	26	12	more	more	ADJ
emaj-58	26	13	attention	attention	NOUN
emaj-58	26	14	on	on	ADP
emaj-58	26	15	the	the	DET
emaj-58	26	16	comovement	comovement	ADJ
emaj-58	26	17	-	-	PUNCT
emaj-58	26	18	effect	effect	NOUN
emaj-58	26	19	of	of	ADP
emaj-58	26	20	stock	stock	NOUN
emaj-58	26	21	price	price	NOUN
emaj-58	26	22	across	across	ADP
emaj-58	26	23	countries	country	NOUN
emaj-58	26	24	or	or	CCONJ
emaj-58	26	25	areas	area	NOUN
emaj-58	26	26	.	.	PUNCT
emaj-58	27	1	for	for	ADP
emaj-58	27	2	example	example	NOUN
emaj-58	27	3	,	,	PUNCT
emaj-58	27	4	premaratneb	premaratneb	NOUN
emaj-58	27	5	and	and	CCONJ
emaj-58	27	6	balaa	balaa	NOUN
emaj-58	27	7	(	(	PUNCT
emaj-58	27	8	2004	2004	NUM
emaj-58	27	9	)	)	PUNCT
emaj-58	27	10	showed	show	VERB
emaj-58	27	11	that	that	SCONJ
emaj-58	27	12	the	the	DET
emaj-58	27	13	comovement	comovement	ADJ
emaj-58	27	14	-	-	PUNCT
emaj-58	27	15	effect	effect	NOUN
emaj-58	27	16	among	among	ADP
emaj-58	27	17	stock	stock	NOUN
emaj-58	27	18	markets	market	NOUN
emaj-58	27	19	of	of	ADP
emaj-58	27	20	america	america	PROPN
emaj-58	27	21	,	,	PUNCT
emaj-58	27	22	britain	britain	PROPN
emaj-58	27	23	,	,	PUNCT
emaj-58	27	24	japan	japan	PROPN
emaj-58	27	25	,	,	PUNCT
emaj-58	27	26	hong	hong	PROPN
emaj-58	27	27	kong	kong	PROPN
emaj-58	27	28	and	and	CCONJ
emaj-58	27	29	singapore	singapore	PROPN
emaj-58	27	30	is	be	AUX
emaj-58	27	31	statistically	statistically	ADV
emaj-58	27	32	significant	significant	ADJ
emaj-58	27	33	at	at	ADP
emaj-58	27	34	different	different	ADJ
emaj-58	27	35	levels	level	NOUN
emaj-58	27	36	,	,	PUNCT
emaj-58	27	37	and	and	CCONJ
emaj-58	27	38	there	there	PRON
emaj-58	27	39	is	be	VERB
emaj-58	27	40	a	a	DET
emaj-58	27	41	significant	significant	ADJ
emaj-58	27	42	transmission	transmission	NOUN
emaj-58	27	43	phenomenon	phenomenon	NOUN
emaj-58	27	44	from	from	ADP
emaj-58	27	45	the	the	DET
emaj-58	27	46	stock	stock	NOUN
emaj-58	27	47	markets	market	NOUN
emaj-58	27	48	of	of	ADP
emaj-58	27	49	small	small	ADJ
emaj-58	27	50	economies	economy	NOUN
emaj-58	27	51	to	to	ADP
emaj-58	27	52	those	those	PRON
emaj-58	27	53	of	of	ADP
emaj-58	27	54	america	america	PROPN
emaj-58	27	55	,	,	PUNCT
emaj-58	27	56	britain	britain	PROPN
emaj-58	27	57	and	and	CCONJ
emaj-58	27	58	other	other	ADJ
emaj-58	27	59	major	major	ADJ
emaj-58	27	60	economies	economy	NOUN
emaj-58	27	61	.	.	PUNCT
emaj-58	28	1	contessi	contessi	VERB
emaj-58	28	2	et	et	PROPN
emaj-58	28	3	al	al	PROPN
emaj-58	28	4	.	.	PROPN
emaj-58	29	1	(	(	PUNCT
emaj-58	29	2	2004	2004	NUM
emaj-58	29	3	)	)	PUNCT
emaj-58	29	4	found	find	VERB
emaj-58	29	5	that	that	SCONJ
emaj-58	29	6	the	the	DET
emaj-58	29	7	introduction	introduction	NOUN
emaj-58	29	8	of	of	ADP
emaj-58	29	9	the	the	DET
emaj-58	29	10	euro	euro	NOUN
emaj-58	29	11	and	and	CCONJ
emaj-58	29	12	the	the	DET
emaj-58	29	13	convergence	convergence	NOUN
emaj-58	29	14	of	of	ADP
emaj-58	29	15	european	european	ADJ
emaj-58	29	16	countries	country	NOUN
emaj-58	29	17	’	'	PUNCT
emaj-58	29	18	economic	economic	ADJ
emaj-58	29	19	structure	structure	NOUN
emaj-58	29	20	made	make	VERB
emaj-58	29	21	the	the	DET
emaj-58	29	22	comovement	comovement	ADJ
emaj-58	29	23	-	-	PUNCT
emaj-58	29	24	effect	effect	NOUN
emaj-58	29	25	among	among	ADP
emaj-58	29	26	european	european	ADJ
emaj-58	29	27	stock	stock	NOUN
emaj-58	29	28	markets	market	NOUN
emaj-58	29	29	significantly	significantly	ADV
emaj-58	29	30	increased	increase	VERB
emaj-58	29	31	in	in	ADP
emaj-58	29	32	recent	recent	ADJ
emaj-58	29	33	years	year	NOUN
emaj-58	29	34	.	.	PUNCT
emaj-58	30	1	berger	berger	PROPN
emaj-58	30	2	and	and	CCONJ
emaj-58	30	3	pozzi	pozzi	PROPN
emaj-58	30	4	(	(	PUNCT
emaj-58	30	5	2013	2013	NUM
emaj-58	30	6	)	)	PUNCT
emaj-58	30	7	measured	measure	VERB
emaj-58	30	8	the	the	DET
emaj-58	30	9	comovement	comovement	ADJ
emaj-58	30	10	effect	effect	NOUN
emaj-58	30	11	and	and	CCONJ
emaj-58	30	12	time	time	NOUN
emaj-58	30	13	-	-	PUNCT
emaj-58	30	14	varying	vary	VERB
emaj-58	30	15	integration	integration	NOUN
emaj-58	30	16	in	in	ADP
emaj-58	30	17	financial	financial	ADJ
emaj-58	30	18	markets	market	NOUN
emaj-58	30	19	with	with	ADP
emaj-58	30	20	the	the	DET
emaj-58	30	21	unobserved	unobserved	ADJ
emaj-58	30	22	components	component	NOUN
emaj-58	30	23	approach	approach	NOUN
emaj-58	30	24	.	.	PUNCT
emaj-58	31	1	in	in	ADP
emaj-58	31	2	literatures	literature	NOUN
emaj-58	31	3	,	,	PUNCT
emaj-58	31	4	the	the	DET
emaj-58	31	5	existing	exist	VERB
emaj-58	31	6	studies	study	NOUN
emaj-58	31	7	on	on	ADP
emaj-58	31	8	the	the	DET
emaj-58	31	9	comovement	comovement	ADJ
emaj-58	31	10	-	-	PUNCT
emaj-58	31	11	effect	effect	NOUN
emaj-58	31	12	of	of	ADP
emaj-58	31	13	securities	security	NOUN
emaj-58	31	14	usually	usually	ADV
emaj-58	31	15	followed	follow	VERB
emaj-58	31	16	three	three	NUM
emaj-58	31	17	levels	level	NOUN
emaj-58	31	18	:	:	PUNCT
emaj-58	31	19	the	the	DET
emaj-58	31	20	equalization	equalization	NOUN
emaj-58	31	21	of	of	ADP
emaj-58	31	22	asset	asset	NOUN
emaj-58	31	23	price	price	NOUN
emaj-58	31	24	,	,	PUNCT
emaj-58	31	25	the	the	DET
emaj-58	31	26	economic	economic	ADJ
emaj-58	31	27	theory	theory	NOUN
emaj-58	31	28	for	for	ADP
emaj-58	31	29	stock	stock	NOUN
emaj-58	31	30	price	price	NOUN
emaj-58	31	31	comovement	comovement	NOUN
emaj-58	31	32	and	and	CCONJ
emaj-58	31	33	the	the	DET
emaj-58	31	34	transmission	transmission	NOUN
emaj-58	31	35	volume	volume	NOUN
emaj-58	31	36	4	4	NUM
emaj-58	31	37	no	no	DET
emaj-58	31	38	1	1	NUM
emaj-58	31	39	(	(	PUNCT
emaj-58	31	40	2014	2014	NUM
emaj-58	31	41	)	)	PUNCT
emaj-58	31	42	|	|	ADV
emaj-58	31	43	issn	issn	VERB
emaj-58	31	44	2158	2158	NUM
emaj-58	31	45	-	-	SYM
emaj-58	31	46	8708	8708	NUM
emaj-58	31	47	(	(	PUNCT
emaj-58	31	48	online	online	NOUN
emaj-58	31	49	)	)	PUNCT
emaj-58	31	50	|	|	ADV
emaj-58	31	51	doi	doi	X
emaj-58	31	52	10.5195	10.5195	NUM
emaj-58	31	53	/	/	SYM
emaj-58	31	54	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	31	55	|	|	NOUN
emaj-58	31	56	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-58	31	57	study	study	NOUN
emaj-58	31	58	on	on	ADP
emaj-58	31	59	the	the	DET
emaj-58	31	60	shock	shock	NOUN
emaj-58	31	61	-	-	PUNCT
emaj-58	31	62	transmission	transmission	NOUN
emaj-58	31	63	mechanism	mechanism	NOUN
emaj-58	31	64	of	of	ADP
emaj-58	31	65	stock	stock	NOUN
emaj-58	31	66	price	price	NOUN
emaj-58	31	67	among	among	ADP
emaj-58	31	68	china	china	PROPN
emaj-58	31	69	,	,	PUNCT
emaj-58	31	70	russia	russia	PROPN
emaj-58	31	71	and	and	CCONJ
emaj-58	31	72	india	india	PROPN
emaj-58	31	73	emerging	emerge	VERB
emaj-58	31	74	markets	market	NOUN
emaj-58	31	75	journal	journal	NOUN
emaj-58	32	1	|	|	ADV
emaj-58	32	2	p	p	NOUN
emaj-58	32	3	a	a	DET
emaj-58	32	4	g	g	NOUN
emaj-58	32	5	e	e	NOUN
emaj-58	32	6	|34	|34	NOUN
emaj-58	32	7	mechanism	mechanism	NOUN
emaj-58	32	8	of	of	ADP
emaj-58	32	9	international	international	ADJ
emaj-58	32	10	stock	stock	NOUN
emaj-58	32	11	contagion	contagion	NOUN
emaj-58	32	12	during	during	ADP
emaj-58	32	13	the	the	DET
emaj-58	32	14	financial	financial	ADJ
emaj-58	32	15	crisis	crisis	NOUN
emaj-58	32	16	(	(	PUNCT
emaj-58	32	17	grieb	grieb	NOUN
emaj-58	32	18	and	and	CCONJ
emaj-58	32	19	reyes	reyes	PROPN
emaj-58	32	20	,	,	PUNCT
emaj-58	32	21	2002	2002	NUM
emaj-58	32	22	)	)	PUNCT
emaj-58	32	23	.	.	PUNCT
emaj-58	33	1	asset	asset	NOUN
emaj-58	33	2	price	price	NOUN
emaj-58	33	3	equalization	equalization	NOUN
emaj-58	33	4	theory	theory	NOUN
emaj-58	33	5	explores	explore	VERB
emaj-58	33	6	the	the	DET
emaj-58	33	7	market	market	NOUN
emaj-58	33	8	comovement	comovement	NOUN
emaj-58	33	9	from	from	ADP
emaj-58	33	10	the	the	DET
emaj-58	33	11	perspective	perspective	NOUN
emaj-58	33	12	of	of	ADP
emaj-58	33	13	asset	asset	NOUN
emaj-58	33	14	pricing	pricing	NOUN
emaj-58	33	15	,	,	PUNCT
emaj-58	33	16	which	which	PRON
emaj-58	33	17	studies	study	VERB
emaj-58	33	18	the	the	DET
emaj-58	33	19	diversity	diversity	NOUN
emaj-58	33	20	and	and	CCONJ
emaj-58	33	21	convergence	convergence	NOUN
emaj-58	33	22	of	of	ADP
emaj-58	33	23	asset	asset	NOUN
emaj-58	33	24	price	price	NOUN
emaj-58	33	25	or	or	CCONJ
emaj-58	33	26	returns	return	NOUN
emaj-58	33	27	based	base	VERB
emaj-58	33	28	on	on	ADP
emaj-58	33	29	the	the	DET
emaj-58	33	30	risk	risk	NOUN
emaj-58	33	31	of	of	ADP
emaj-58	33	32	asset	asset	NOUN
emaj-58	33	33	and	and	CCONJ
emaj-58	33	34	focuses	focus	VERB
emaj-58	33	35	on	on	ADP
emaj-58	33	36	the	the	DET
emaj-58	33	37	degree	degree	NOUN
emaj-58	33	38	of	of	ADP
emaj-58	33	39	price	price	NOUN
emaj-58	33	40	comovement	comovement	NOUN
emaj-58	33	41	.	.	PUNCT
emaj-58	34	1	the	the	DET
emaj-58	34	2	study	study	NOUN
emaj-58	34	3	on	on	ADP
emaj-58	34	4	economic	economic	ADJ
emaj-58	34	5	theory	theory	NOUN
emaj-58	34	6	for	for	ADP
emaj-58	34	7	stock	stock	NOUN
emaj-58	34	8	price	price	NOUN
emaj-58	34	9	comovement	comovement	NOUN
emaj-58	34	10	extends	extend	VERB
emaj-58	34	11	the	the	DET
emaj-58	34	12	research	research	NOUN
emaj-58	34	13	on	on	ADP
emaj-58	34	14	the	the	DET
emaj-58	34	15	equalization	equalization	NOUN
emaj-58	34	16	theory	theory	NOUN
emaj-58	34	17	of	of	ADP
emaj-58	34	18	asset	asset	NOUN
emaj-58	34	19	price	price	NOUN
emaj-58	34	20	from	from	ADP
emaj-58	34	21	financial	financial	ADJ
emaj-58	34	22	field	field	NOUN
emaj-58	34	23	to	to	ADP
emaj-58	34	24	much	much	ADV
emaj-58	34	25	wider	wide	ADJ
emaj-58	34	26	fields	field	NOUN
emaj-58	34	27	including	include	VERB
emaj-58	34	28	trade	trade	NOUN
emaj-58	34	29	,	,	PUNCT
emaj-58	34	30	investment	investment	NOUN
emaj-58	34	31	,	,	PUNCT
emaj-58	34	32	securities	security	NOUN
emaj-58	34	33	market	market	NOUN
emaj-58	34	34	characteristics	characteristic	NOUN
emaj-58	34	35	,	,	PUNCT
emaj-58	34	36	geographic	geographic	ADJ
emaj-58	34	37	and	and	CCONJ
emaj-58	34	38	cultural	cultural	ADJ
emaj-58	34	39	perspectives	perspective	NOUN
emaj-58	34	40	,	,	PUNCT
emaj-58	34	41	to	to	PART
emaj-58	34	42	explore	explore	VERB
emaj-58	34	43	the	the	DET
emaj-58	34	44	intrinsic	intrinsic	ADJ
emaj-58	34	45	driving	driving	NOUN
emaj-58	34	46	force	force	NOUN
emaj-58	34	47	behind	behind	ADP
emaj-58	34	48	the	the	DET
emaj-58	34	49	comovement	comovement	ADJ
emaj-58	34	50	phenomenon	phenomenon	NOUN
emaj-58	34	51	of	of	ADP
emaj-58	34	52	stock	stock	NOUN
emaj-58	34	53	price	price	NOUN
emaj-58	34	54	.	.	PUNCT
emaj-58	35	1	the	the	DET
emaj-58	35	2	third	third	ADJ
emaj-58	35	3	level	level	NOUN
emaj-58	35	4	deepens	deepen	VERB
emaj-58	35	5	this	this	DET
emaj-58	35	6	line	line	NOUN
emaj-58	35	7	of	of	ADP
emaj-58	35	8	studies	study	NOUN
emaj-58	35	9	on	on	ADP
emaj-58	35	10	time	time	NOUN
emaj-58	35	11	dimension	dimension	NOUN
emaj-58	35	12	and	and	CCONJ
emaj-58	35	13	focuses	focus	VERB
emaj-58	35	14	on	on	ADP
emaj-58	35	15	the	the	DET
emaj-58	35	16	crisis	crisis	NOUN
emaj-58	35	17	period	period	NOUN
emaj-58	35	18	to	to	PART
emaj-58	35	19	explore	explore	VERB
emaj-58	35	20	the	the	DET
emaj-58	35	21	special	special	ADJ
emaj-58	35	22	mechanism	mechanism	NOUN
emaj-58	35	23	and	and	CCONJ
emaj-58	35	24	characteristics	characteristic	NOUN
emaj-58	35	25	of	of	ADP
emaj-58	35	26	comovement	comovement	ADJ
emaj-58	35	27	effect	effect	NOUN
emaj-58	35	28	among	among	ADP
emaj-58	35	29	different	different	ADJ
emaj-58	35	30	markets	market	NOUN
emaj-58	35	31	during	during	ADP
emaj-58	35	32	the	the	DET
emaj-58	35	33	crisis	crisis	NOUN
emaj-58	35	34	period	period	NOUN
emaj-58	35	35	.	.	PUNCT
emaj-58	36	1	there	there	PRON
emaj-58	36	2	are	be	VERB
emaj-58	36	3	two	two	NUM
emaj-58	36	4	representative	representative	ADJ
emaj-58	36	5	views	view	NOUN
emaj-58	36	6	to	to	PART
emaj-58	36	7	explain	explain	VERB
emaj-58	36	8	the	the	DET
emaj-58	36	9	comovement	comovement	ADJ
emaj-58	36	10	-	-	PUNCT
emaj-58	36	11	effect	effect	NOUN
emaj-58	36	12	of	of	ADP
emaj-58	36	13	stock	stock	NOUN
emaj-58	36	14	markets	market	NOUN
emaj-58	36	15	:	:	PUNCT
emaj-58	36	16	fundamental	fundamental	ADJ
emaj-58	36	17	-	-	PUNCT
emaj-58	36	18	based	base	VERB
emaj-58	36	19	comovement	comovement	NOUN
emaj-58	36	20	and	and	CCONJ
emaj-58	36	21	behavior	behavior	NOUN
emaj-58	36	22	-	-	PUNCT
emaj-58	36	23	induced	induce	VERB
emaj-58	36	24	comovement	comovement	NOUN
emaj-58	36	25	(	(	PUNCT
emaj-58	36	26	qixia	qixia	PROPN
emaj-58	36	27	yang	yang	PROPN
emaj-58	36	28	,	,	PUNCT
emaj-58	36	29	2007	2007	NUM
emaj-58	36	30	;	;	PUNCT
emaj-58	36	31	tam	tam	NOUN
emaj-58	36	32	and	and	CCONJ
emaj-58	36	33	pui	pui	PROPN
emaj-58	36	34	,	,	PUNCT
emaj-58	36	35	2012	2012	NUM
emaj-58	36	36	)	)	PUNCT
emaj-58	36	37	.	.	PUNCT
emaj-58	37	1	on	on	ADP
emaj-58	37	2	the	the	DET
emaj-58	37	3	basis	basis	NOUN
emaj-58	37	4	of	of	ADP
emaj-58	37	5	the	the	DET
emaj-58	37	6	classic	classic	ADJ
emaj-58	37	7	efficient	efficient	ADJ
emaj-58	37	8	market	market	NOUN
emaj-58	37	9	hypothesis	hypothesis	NOUN
emaj-58	37	10	(	(	PUNCT
emaj-58	37	11	emh	emh	PROPN
emaj-58	37	12	)	)	PUNCT
emaj-58	37	13	,	,	PUNCT
emaj-58	37	14	the	the	DET
emaj-58	37	15	fundamental	fundamental	ADV
emaj-58	37	16	-	-	PUNCT
emaj-58	37	17	based	base	VERB
emaj-58	37	18	comovement	comovement	ADJ
emaj-58	37	19	view	view	NOUN
emaj-58	37	20	considers	consider	VERB
emaj-58	37	21	that	that	SCONJ
emaj-58	37	22	the	the	DET
emaj-58	37	23	return	return	NOUN
emaj-58	37	24	comovement	comovement	NOUN
emaj-58	37	25	of	of	ADP
emaj-58	37	26	securities	security	NOUN
emaj-58	37	27	is	be	AUX
emaj-58	37	28	resulted	result	VERB
emaj-58	37	29	from	from	ADP
emaj-58	37	30	the	the	DET
emaj-58	37	31	fluctuation	fluctuation	NOUN
emaj-58	37	32	of	of	ADP
emaj-58	37	33	fundamental	fundamental	ADJ
emaj-58	37	34	factors	factor	NOUN
emaj-58	37	35	,	,	PUNCT
emaj-58	37	36	which	which	PRON
emaj-58	37	37	is	be	AUX
emaj-58	37	38	also	also	ADV
emaj-58	37	39	called	call	VERB
emaj-58	37	40	the	the	DET
emaj-58	37	41	economic	economic	ADJ
emaj-58	37	42	fundamental	fundamental	ADJ
emaj-58	37	43	hypothesis	hypothesis	NOUN
emaj-58	37	44	.	.	PUNCT
emaj-58	38	1	as	as	ADV
emaj-58	38	2	far	far	ADV
emaj-58	38	3	as	as	SCONJ
emaj-58	38	4	stock	stock	NOUN
emaj-58	38	5	markets	market	NOUN
emaj-58	38	6	are	be	AUX
emaj-58	38	7	concerned	concern	VERB
emaj-58	38	8	,	,	PUNCT
emaj-58	38	9	the	the	DET
emaj-58	38	10	fundamentals	fundamental	NOUN
emaj-58	38	11	are	be	AUX
emaj-58	38	12	the	the	DET
emaj-58	38	13	correlation	correlation	NOUN
emaj-58	38	14	emerging	emerge	VERB
emaj-58	38	15	from	from	ADP
emaj-58	38	16	cash	cash	NOUN
emaj-58	38	17	flow	flow	NOUN
emaj-58	38	18	or	or	CCONJ
emaj-58	38	19	discount	discount	NOUN
emaj-58	38	20	rate	rate	NOUN
emaj-58	38	21	(	(	PUNCT
emaj-58	38	22	tam	tam	NOUN
emaj-58	38	23	and	and	CCONJ
emaj-58	38	24	pui	pui	PROPN
emaj-58	38	25	,	,	PUNCT
emaj-58	38	26	2012	2012	NUM
emaj-58	38	27	)	)	PUNCT
emaj-58	38	28	.	.	PUNCT
emaj-58	39	1	the	the	DET
emaj-58	39	2	correlation	correlation	NOUN
emaj-58	39	3	of	of	ADP
emaj-58	39	4	changes	change	NOUN
emaj-58	39	5	in	in	ADP
emaj-58	39	6	expected	expect	VERB
emaj-58	39	7	cash	cash	NOUN
emaj-58	39	8	flow	flow	NOUN
emaj-58	39	9	is	be	AUX
emaj-58	39	10	usually	usually	ADV
emaj-58	39	11	resulted	result	VERB
emaj-58	39	12	from	from	ADP
emaj-58	39	13	the	the	DET
emaj-58	39	14	following	follow	VERB
emaj-58	39	15	aspects	aspect	NOUN
emaj-58	39	16	:	:	PUNCT
emaj-58	39	17	changes	change	NOUN
emaj-58	39	18	of	of	ADP
emaj-58	39	19	economic	economic	ADJ
emaj-58	39	20	policies	policy	NOUN
emaj-58	39	21	or	or	CCONJ
emaj-58	39	22	homogeneous	homogeneous	ADJ
emaj-58	39	23	impact	impact	NOUN
emaj-58	39	24	of	of	ADP
emaj-58	39	25	important	important	ADJ
emaj-58	39	26	events	event	NOUN
emaj-58	39	27	on	on	ADP
emaj-58	39	28	expected	expect	VERB
emaj-58	39	29	return	return	NOUN
emaj-58	39	30	or	or	CCONJ
emaj-58	39	31	profitability	profitability	NOUN
emaj-58	39	32	of	of	ADP
emaj-58	39	33	some	some	DET
emaj-58	39	34	securities	security	NOUN
emaj-58	39	35	.	.	PUNCT
emaj-58	40	1	the	the	DET
emaj-58	40	2	correlation	correlation	NOUN
emaj-58	40	3	of	of	ADP
emaj-58	40	4	changes	change	NOUN
emaj-58	40	5	in	in	ADP
emaj-58	40	6	discount	discount	NOUN
emaj-58	40	7	rate	rate	NOUN
emaj-58	40	8	usually	usually	ADV
emaj-58	40	9	derives	derive	VERB
emaj-58	40	10	from	from	ADP
emaj-58	40	11	changes	change	NOUN
emaj-58	40	12	of	of	ADP
emaj-58	40	13	interest	interest	NOUN
emaj-58	40	14	rate	rate	NOUN
emaj-58	40	15	or	or	CCONJ
emaj-58	40	16	related	relate	VERB
emaj-58	40	17	discounting	discount	VERB
emaj-58	40	18	methods	method	NOUN
emaj-58	40	19	.	.	PUNCT
emaj-58	41	1	the	the	DET
emaj-58	41	2	theory	theory	NOUN
emaj-58	41	3	of	of	ADP
emaj-58	41	4	fundamental	fundamental	ADJ
emaj-58	41	5	-	-	PUNCT
emaj-58	41	6	based	base	VERB
emaj-58	41	7	comovement	comovement	NOUN
emaj-58	41	8	has	have	VERB
emaj-58	41	9	a	a	DET
emaj-58	41	10	strong	strong	ADJ
emaj-58	41	11	linkage	linkage	NOUN
emaj-58	41	12	to	to	ADP
emaj-58	41	13	economic	economic	ADJ
emaj-58	41	14	structure	structure	NOUN
emaj-58	41	15	,	,	PUNCT
emaj-58	41	16	which	which	PRON
emaj-58	41	17	could	could	AUX
emaj-58	41	18	explain	explain	VERB
emaj-58	41	19	the	the	DET
emaj-58	41	20	comovement	comovement	ADJ
emaj-58	41	21	phenomenon	phenomenon	NOUN
emaj-58	41	22	among	among	ADP
emaj-58	41	23	the	the	DET
emaj-58	41	24	closely	closely	ADV
emaj-58	41	25	related	relate	VERB
emaj-58	41	26	economies	economy	NOUN
emaj-58	41	27	and	and	CCONJ
emaj-58	41	28	industries	industry	NOUN
emaj-58	41	29	,	,	PUNCT
emaj-58	41	30	as	as	ADV
emaj-58	41	31	well	well	ADV
emaj-58	41	32	as	as	ADP
emaj-58	41	33	the	the	DET
emaj-58	41	34	comovement	comovement	ADJ
emaj-58	41	35	phenomenon	phenomenon	NOUN
emaj-58	41	36	in	in	ADP
emaj-58	41	37	the	the	DET
emaj-58	41	38	same	same	ADJ
emaj-58	41	39	industry	industry	NOUN
emaj-58	41	40	sector	sector	NOUN
emaj-58	41	41	.	.	PUNCT
emaj-58	42	1	for	for	ADP
emaj-58	42	2	example	example	NOUN
emaj-58	42	3	,	,	PUNCT
emaj-58	42	4	bekaert	bekaert	NOUN
emaj-58	42	5	and	and	CCONJ
emaj-58	42	6	harvey	harvey	PROPN
emaj-58	42	7	(	(	PUNCT
emaj-58	42	8	1997	1997	NUM
emaj-58	42	9	)	)	PUNCT
emaj-58	42	10	and	and	CCONJ
emaj-58	42	11	chinn	chinn	PROPN
emaj-58	42	12	and	and	CCONJ
emaj-58	42	13	forbes	forbes	PROPN
emaj-58	42	14	(	(	PUNCT
emaj-58	42	15	2004	2004	NUM
emaj-58	42	16	)	)	PUNCT
emaj-58	42	17	found	find	VERB
emaj-58	42	18	that	that	SCONJ
emaj-58	42	19	international	international	ADJ
emaj-58	42	20	trade	trade	NOUN
emaj-58	42	21	is	be	AUX
emaj-58	42	22	an	an	DET
emaj-58	42	23	important	important	ADJ
emaj-58	42	24	factor	factor	NOUN
emaj-58	42	25	accounting	account	VERB
emaj-58	42	26	for	for	ADP
emaj-58	42	27	the	the	DET
emaj-58	42	28	linkage	linkage	NOUN
emaj-58	42	29	among	among	ADP
emaj-58	42	30	emerging	emerge	VERB
emaj-58	42	31	markets	market	NOUN
emaj-58	42	32	.	.	PUNCT
emaj-58	43	1	in	in	ADP
emaj-58	43	2	fact	fact	NOUN
emaj-58	43	3	,	,	PUNCT
emaj-58	43	4	gerrits	gerrit	NOUN
emaj-58	43	5	and	and	CCONJ
emaj-58	43	6	yuce	yuce	PROPN
emaj-58	43	7	(	(	PUNCT
emaj-58	43	8	1999	1999	NUM
emaj-58	43	9	)	)	PUNCT
emaj-58	43	10	has	have	AUX
emaj-58	43	11	pointed	point	VERB
emaj-58	43	12	out	out	ADP
emaj-58	43	13	that	that	SCONJ
emaj-58	43	14	along	along	ADP
emaj-58	43	15	with	with	ADP
emaj-58	43	16	the	the	DET
emaj-58	43	17	rapid	rapid	ADJ
emaj-58	43	18	development	development	NOUN
emaj-58	43	19	of	of	ADP
emaj-58	43	20	global	global	ADJ
emaj-58	43	21	trade	trade	NOUN
emaj-58	43	22	and	and	CCONJ
emaj-58	43	23	the	the	DET
emaj-58	43	24	increase	increase	NOUN
emaj-58	43	25	of	of	ADP
emaj-58	43	26	regional	regional	ADJ
emaj-58	43	27	cooperation	cooperation	NOUN
emaj-58	43	28	among	among	ADP
emaj-58	43	29	countries	country	NOUN
emaj-58	43	30	,	,	PUNCT
emaj-58	43	31	the	the	DET
emaj-58	43	32	less	less	ADJ
emaj-58	43	33	barriers	barrier	NOUN
emaj-58	43	34	to	to	ADP
emaj-58	43	35	the	the	DET
emaj-58	43	36	flows	flow	NOUN
emaj-58	43	37	of	of	ADP
emaj-58	43	38	commodity	commodity	NOUN
emaj-58	43	39	,	,	PUNCT
emaj-58	43	40	service	service	NOUN
emaj-58	43	41	,	,	PUNCT
emaj-58	43	42	financial	financial	ADJ
emaj-58	43	43	asset	asset	NOUN
emaj-58	43	44	and	and	CCONJ
emaj-58	43	45	human	human	ADJ
emaj-58	43	46	-	-	PUNCT
emaj-58	43	47	resource	resource	NOUN
emaj-58	43	48	made	make	VERB
emaj-58	43	49	the	the	DET
emaj-58	43	50	stock	stock	NOUN
emaj-58	43	51	price	price	NOUN
emaj-58	43	52	comovement	comovement	ADJ
emaj-58	43	53	-	-	PUNCT
emaj-58	43	54	effect	effect	NOUN
emaj-58	43	55	stronger	strong	ADJ
emaj-58	43	56	.	.	PUNCT
emaj-58	44	1	the	the	DET
emaj-58	44	2	behavior	behavior	NOUN
emaj-58	44	3	-	-	PUNCT
emaj-58	44	4	induced	induce	VERB
emaj-58	44	5	comovement	comovement	NOUN
emaj-58	44	6	is	be	AUX
emaj-58	44	7	also	also	ADV
emaj-58	44	8	called	call	VERB
emaj-58	44	9	a	a	DET
emaj-58	44	10	trading	trading	NOUN
emaj-58	44	11	-	-	PUNCT
emaj-58	44	12	induced	induce	VERB
emaj-58	44	13	comovement	comovement	NOUN
emaj-58	44	14	coming	come	VERB
emaj-58	44	15	from	from	ADP
emaj-58	44	16	the	the	DET
emaj-58	44	17	market	market	NOUN
emaj-58	44	18	contagion	contagion	NOUN
emaj-58	44	19	,	,	PUNCT
emaj-58	44	20	which	which	PRON
emaj-58	44	21	points	point	VERB
emaj-58	44	22	out	out	ADP
emaj-58	44	23	that	that	PRON
emaj-58	44	24	specific	specific	ADJ
emaj-58	44	25	behavior	behavior	NOUN
emaj-58	44	26	of	of	ADP
emaj-58	44	27	investors	investor	NOUN
emaj-58	44	28	will	will	AUX
emaj-58	44	29	form	form	VERB
emaj-58	44	30	certain	certain	ADJ
emaj-58	44	31	transaction	transaction	NOUN
emaj-58	44	32	mode	mode	NOUN
emaj-58	44	33	,	,	PUNCT
emaj-58	44	34	leading	lead	VERB
emaj-58	44	35	to	to	ADP
emaj-58	44	36	changes	change	NOUN
emaj-58	44	37	of	of	ADP
emaj-58	44	38	demand	demand	NOUN
emaj-58	44	39	on	on	ADP
emaj-58	44	40	the	the	DET
emaj-58	44	41	securities	security	NOUN
emaj-58	44	42	and	and	CCONJ
emaj-58	44	43	further	far	ADV
emaj-58	44	44	resulting	result	VERB
emaj-58	44	45	in	in	ADP
emaj-58	44	46	the	the	DET
emaj-58	44	47	comovement	comovement	ADJ
emaj-58	44	48	-	-	PUNCT
emaj-58	44	49	effect	effect	NOUN
emaj-58	44	50	of	of	ADP
emaj-58	44	51	return	return	NOUN
emaj-58	44	52	rate	rate	NOUN
emaj-58	44	53	in	in	ADP
emaj-58	44	54	stock	stock	NOUN
emaj-58	44	55	markets	market	NOUN
emaj-58	44	56	(	(	PUNCT
emaj-58	44	57	berger	berger	PROPN
emaj-58	44	58	and	and	CCONJ
emaj-58	44	59	pozzi	pozzi	PROPN
emaj-58	44	60	,	,	PUNCT
emaj-58	44	61	2013	2013	NUM
emaj-58	44	62	)	)	PUNCT
emaj-58	44	63	.	.	PUNCT
emaj-58	45	1	for	for	ADP
emaj-58	45	2	example	example	NOUN
emaj-58	45	3	,	,	PUNCT
emaj-58	45	4	connolly	connolly	PROPN
emaj-58	45	5	and	and	CCONJ
emaj-58	45	6	wang（2002）found	wang（2002）found	VERB
emaj-58	45	7	that	that	SCONJ
emaj-58	45	8	investors	investor	NOUN
emaj-58	45	9	could	could	AUX
emaj-58	45	10	extract	extract	VERB
emaj-58	45	11	unobservable	unobservable	ADJ
emaj-58	45	12	global	global	ADJ
emaj-58	45	13	information	information	NOUN
emaj-58	45	14	from	from	ADP
emaj-58	45	15	the	the	DET
emaj-58	45	16	stock	stock	NOUN
emaj-58	45	17	returns	return	NOUN
emaj-58	45	18	and	and	CCONJ
emaj-58	45	19	then	then	ADV
emaj-58	45	20	adjust	adjust	VERB
emaj-58	45	21	their	their	PRON
emaj-58	45	22	investment	investment	NOUN
emaj-58	45	23	strategies	strategy	NOUN
emaj-58	45	24	,	,	PUNCT
emaj-58	45	25	which	which	PRON
emaj-58	45	26	finally	finally	ADV
emaj-58	45	27	led	lead	VERB
emaj-58	45	28	to	to	ADP
emaj-58	45	29	a	a	DET
emaj-58	45	30	correlation	correlation	NOUN
emaj-58	45	31	among	among	ADP
emaj-58	45	32	the	the	DET
emaj-58	45	33	return	return	NOUN
emaj-58	45	34	rates	rate	NOUN
emaj-58	45	35	in	in	ADP
emaj-58	45	36	different	different	ADJ
emaj-58	45	37	stock	stock	NOUN
emaj-58	45	38	markets	market	NOUN
emaj-58	45	39	.	.	PUNCT
emaj-58	46	1	inconsistent	inconsistent	ADJ
emaj-58	46	2	with	with	ADP
emaj-58	46	3	the	the	DET
emaj-58	46	4	fundamental	fundamental	ADV
emaj-58	46	5	-	-	PUNCT
emaj-58	46	6	based	base	VERB
emaj-58	46	7	comovement	comovement	NOUN
emaj-58	46	8	theory	theory	NOUN
emaj-58	46	9	,	,	PUNCT
emaj-58	46	10	zhigao	zhigao	NOUN
emaj-58	46	11	yi	yi	PROPN
emaj-58	46	12	and	and	CCONJ
emaj-58	46	13	ning	ning	PROPN
emaj-58	46	14	mao	mao	PROPN
emaj-58	46	15	(	(	PUNCT
emaj-58	46	16	2008	2008	NUM
emaj-58	46	17	)	)	PUNCT
emaj-58	46	18	argued	argue	VERB
emaj-58	46	19	that	that	SCONJ
emaj-58	46	20	the	the	DET
emaj-58	46	21	herd	herd	NOUN
emaj-58	46	22	behavior	behavior	NOUN
emaj-58	46	23	is	be	AUX
emaj-58	46	24	a	a	DET
emaj-58	46	25	most	most	ADV
emaj-58	46	26	typical	typical	ADJ
emaj-58	46	27	irrational	irrational	ADJ
emaj-58	46	28	behavior	behavior	NOUN
emaj-58	46	29	which	which	PRON
emaj-58	46	30	constructed	construct	VERB
emaj-58	46	31	a	a	DET
emaj-58	46	32	key	key	ADJ
emaj-58	46	33	behavior	behavior	NOUN
emaj-58	46	34	factor	factor	NOUN
emaj-58	46	35	resulting	result	VERB
emaj-58	46	36	in	in	ADP
emaj-58	46	37	the	the	DET
emaj-58	46	38	price	price	NOUN
emaj-58	46	39	comovement	comovement	NOUN
emaj-58	46	40	-	-	PUNCT
emaj-58	46	41	effect	effect	NOUN
emaj-58	46	42	.	.	PUNCT
emaj-58	47	1	in	in	ADP
emaj-58	47	2	the	the	DET
emaj-58	47	3	behavior	behavior	NOUN
emaj-58	47	4	finance	finance	NOUN
emaj-58	47	5	,	,	PUNCT
emaj-58	47	6	investors	investor	NOUN
emaj-58	47	7	are	be	AUX
emaj-58	47	8	usually	usually	ADV
emaj-58	47	9	classified	classify	VERB
emaj-58	47	10	into	into	ADP
emaj-58	47	11	two	two	NUM
emaj-58	47	12	specific	specific	ADJ
emaj-58	47	13	kinds	kind	NOUN
emaj-58	47	14	:	:	PUNCT
emaj-58	47	15	category	category	NOUN
emaj-58	47	16	investors	investor	NOUN
emaj-58	47	17	and	and	CCONJ
emaj-58	47	18	scope	scope	NOUN
emaj-58	47	19	investors	investor	NOUN
emaj-58	47	20	.	.	PUNCT
emaj-58	48	1	the	the	DET
emaj-58	48	2	investment	investment	NOUN
emaj-58	48	3	strategies	strategy	NOUN
emaj-58	48	4	for	for	ADP
emaj-58	48	5	the	the	DET
emaj-58	48	6	two	two	NUM
emaj-58	48	7	kinds	kind	NOUN
emaj-58	48	8	are	be	AUX
emaj-58	48	9	different	different	ADJ
emaj-58	48	10	,	,	PUNCT
emaj-58	48	11	however	however	ADV
emaj-58	48	12	,	,	PUNCT
emaj-58	48	13	both	both	DET
emaj-58	48	14	behavior	behavior	NOUN
emaj-58	48	15	of	of	ADP
emaj-58	48	16	them	they	PRON
emaj-58	48	17	maybe	maybe	ADV
emaj-58	48	18	lead	lead	VERB
emaj-58	48	19	to	to	ADP
emaj-58	48	20	the	the	DET
emaj-58	48	21	price	price	NOUN
emaj-58	48	22	comovement	comovement	NOUN
emaj-58	48	23	.	.	PUNCT
emaj-58	49	1	the	the	DET
emaj-58	49	2	theory	theory	NOUN
emaj-58	49	3	of	of	ADP
emaj-58	49	4	category	category	NOUN
emaj-58	49	5	investment	investment	NOUN
emaj-58	49	6	suggests	suggest	VERB
emaj-58	49	7	that	that	SCONJ
emaj-58	49	8	investors	investor	NOUN
emaj-58	49	9	will	will	AUX
emaj-58	49	10	divide	divide	VERB
emaj-58	49	11	assets	asset	NOUN
emaj-58	49	12	into	into	ADP
emaj-58	49	13	different	different	ADJ
emaj-58	49	14	categories	category	NOUN
emaj-58	49	15	when	when	SCONJ
emaj-58	49	16	choosing	choose	VERB
emaj-58	49	17	investment	investment	NOUN
emaj-58	49	18	portfolio	portfolio	NOUN
emaj-58	49	19	,	,	PUNCT
emaj-58	49	20	since	since	SCONJ
emaj-58	49	21	assets	asset	NOUN
emaj-58	49	22	always	always	ADV
emaj-58	49	23	have	have	VERB
emaj-58	49	24	different	different	ADJ
emaj-58	49	25	characteristics	characteristic	NOUN
emaj-58	49	26	.	.	PUNCT
emaj-58	50	1	then	then	ADV
emaj-58	50	2	they	they	PRON
emaj-58	50	3	decide	decide	VERB
emaj-58	50	4	how	how	SCONJ
emaj-58	50	5	to	to	PART
emaj-58	50	6	allocate	allocate	VERB
emaj-58	50	7	capital	capital	NOUN
emaj-58	50	8	while	while	SCONJ
emaj-58	50	9	the	the	DET
emaj-58	50	10	price	price	NOUN
emaj-58	50	11	comovement	comovement	NOUN
emaj-58	50	12	occurs	occur	VERB
emaj-58	50	13	if	if	SCONJ
emaj-58	50	14	the	the	DET
emaj-58	50	15	investors	investor	NOUN
emaj-58	50	16	redistribute	redistribute	VERB
emaj-58	50	17	their	their	PRON
emaj-58	50	18	assets	asset	NOUN
emaj-58	50	19	among	among	ADP
emaj-58	50	20	different	different	ADJ
emaj-58	50	21	categories	category	NOUN
emaj-58	50	22	(	(	PUNCT
emaj-58	50	23	barberis	barberis	NOUN
emaj-58	50	24	and	and	CCONJ
emaj-58	50	25	shleifer	shleifer	NOUN
emaj-58	50	26	,	,	PUNCT
emaj-58	50	27	2003	2003	NUM
emaj-58	50	28	;	;	PUNCT
emaj-58	50	29	berger	berger	PROPN
emaj-58	50	30	and	and	CCONJ
emaj-58	50	31	pozzi	pozzi	PROPN
emaj-58	50	32	,	,	PUNCT
emaj-58	50	33	2013	2013	NUM
emaj-58	50	34	)	)	PUNCT
emaj-58	50	35	.	.	PUNCT
emaj-58	51	1	the	the	DET
emaj-58	51	2	theory	theory	NOUN
emaj-58	51	3	of	of	ADP
emaj-58	51	4	scope	scope	NOUN
emaj-58	51	5	investment	investment	NOUN
emaj-58	51	6	argues	argue	VERB
emaj-58	51	7	that	that	SCONJ
emaj-58	51	8	investors	investor	NOUN
emaj-58	51	9	have	have	VERB
emaj-58	51	10	to	to	PART
emaj-58	51	11	choose	choose	VERB
emaj-58	51	12	only	only	ADV
emaj-58	51	13	a	a	DET
emaj-58	51	14	small	small	ADJ
emaj-58	51	15	part	part	NOUN
emaj-58	51	16	of	of	ADP
emaj-58	51	17	assets	asset	NOUN
emaj-58	51	18	to	to	PART
emaj-58	51	19	invest	invest	VERB
emaj-58	51	20	due	due	ADP
emaj-58	51	21	to	to	ADP
emaj-58	51	22	trading	trading	NOUN
emaj-58	51	23	cost	cost	NOUN
emaj-58	51	24	,	,	PUNCT
emaj-58	51	25	space	space	NOUN
emaj-58	51	26	constrains	constrain	NOUN
emaj-58	51	27	or	or	CCONJ
emaj-58	51	28	absence	absence	NOUN
emaj-58	51	29	of	of	ADP
emaj-58	51	30	information	information	NOUN
emaj-58	51	31	.	.	PUNCT
emaj-58	52	1	if	if	SCONJ
emaj-58	52	2	the	the	DET
emaj-58	52	3	investors	investor	NOUN
emaj-58	52	4	try	try	VERB
emaj-58	52	5	to	to	PART
emaj-58	52	6	adjust	adjust	VERB
emaj-58	52	7	the	the	DET
emaj-58	52	8	direction	direction	NOUN
emaj-58	52	9	of	of	ADP
emaj-58	52	10	investment	investment	NOUN
emaj-58	52	11	due	due	ADP
emaj-58	52	12	to	to	ADP
emaj-58	52	13	changes	change	NOUN
emaj-58	52	14	of	of	ADP
emaj-58	52	15	market	market	NOUN
emaj-58	52	16	mood	mood	NOUN
emaj-58	52	17	or	or	CCONJ
emaj-58	52	18	the	the	DET
emaj-58	52	19	degree	degree	NOUN
emaj-58	52	20	of	of	ADP
emaj-58	52	21	risk	risk	NOUN
emaj-58	52	22	aversion	aversion	NOUN
emaj-58	52	23	,	,	PUNCT
emaj-58	52	24	the	the	DET
emaj-58	52	25	price	price	NOUN
emaj-58	52	26	volume	volume	NOUN
emaj-58	52	27	4	4	NUM
emaj-58	52	28	no	no	DET
emaj-58	52	29	1	1	NUM
emaj-58	52	30	(	(	PUNCT
emaj-58	52	31	2014	2014	NUM
emaj-58	52	32	)	)	PUNCT
emaj-58	52	33	|	|	ADV
emaj-58	52	34	issn	issn	VERB
emaj-58	52	35	2158	2158	NUM
emaj-58	52	36	-	-	SYM
emaj-58	52	37	8708	8708	NUM
emaj-58	52	38	(	(	PUNCT
emaj-58	52	39	online	online	NOUN
emaj-58	52	40	)	)	PUNCT
emaj-58	52	41	|	|	ADV
emaj-58	52	42	doi	doi	X
emaj-58	52	43	10.5195	10.5195	NUM
emaj-58	52	44	/	/	SYM
emaj-58	52	45	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	52	46	|	|	NOUN
emaj-58	52	47	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-58	53	1	dr.menggen	dr.menggen	PROPN
emaj-58	53	2	chen	chen	PROPN
emaj-58	53	3	p	p	PROPN
emaj-58	53	4	a	a	DET
emaj-58	53	5	g	g	PROPN
emaj-58	53	6	e	e	NOUN
emaj-58	53	7	|35|	|35|	NOUN
emaj-58	53	8	emerging	emerge	VERB
emaj-58	53	9	markets	market	NOUN
emaj-58	53	10	journal	journal	PROPN
emaj-58	53	11	comovement	comovement	ADJ
emaj-58	53	12	effect	effect	NOUN
emaj-58	53	13	will	will	AUX
emaj-58	53	14	be	be	AUX
emaj-58	53	15	induced	induce	VERB
emaj-58	53	16	(	(	PUNCT
emaj-58	53	17	lee	lee	PROPN
emaj-58	53	18	,	,	PUNCT
emaj-58	53	19	shleifer	shleifer	NOUN
emaj-58	53	20	and	and	CCONJ
emaj-58	53	21	thaler	thaler	NOUN
emaj-58	53	22	,	,	PUNCT
emaj-58	53	23	1991	1991	NUM
emaj-58	53	24	)	)	PUNCT
emaj-58	53	25	.	.	PUNCT
emaj-58	54	1	some	some	DET
emaj-58	54	2	studies	study	NOUN
emaj-58	54	3	have	have	AUX
emaj-58	54	4	investigated	investigate	VERB
emaj-58	54	5	the	the	DET
emaj-58	54	6	stock	stock	NOUN
emaj-58	54	7	price	price	NOUN
emaj-58	54	8	comovement	comovement	NOUN
emaj-58	54	9	-	-	PUNCT
emaj-58	54	10	effect	effect	NOUN
emaj-58	54	11	between	between	ADP
emaj-58	54	12	china	china	PROPN
emaj-58	54	13	and	and	CCONJ
emaj-58	54	14	other	other	ADJ
emaj-58	54	15	countries	country	NOUN
emaj-58	54	16	.	.	PUNCT
emaj-58	55	1	han	han	PROPN
emaj-58	55	2	fei	fei	PROPN
emaj-58	55	3	and	and	CCONJ
emaj-58	55	4	xiao	xiao	PROPN
emaj-58	55	5	hui	hui	PROPN
emaj-58	55	6	(	(	PUNCT
emaj-58	55	7	2005	2005	NUM
emaj-58	55	8	)	)	PUNCT
emaj-58	55	9	found	find	VERB
emaj-58	55	10	that	that	SCONJ
emaj-58	55	11	the	the	DET
emaj-58	55	12	correlation	correlation	NOUN
emaj-58	55	13	between	between	ADP
emaj-58	55	14	china	china	PROPN
emaj-58	55	15	and	and	CCONJ
emaj-58	55	16	us	us	PROPN
emaj-58	55	17	stock	stock	NOUN
emaj-58	55	18	markets	market	NOUN
emaj-58	55	19	is	be	AUX
emaj-58	55	20	weak	weak	ADJ
emaj-58	55	21	during	during	ADP
emaj-58	55	22	2000	2000	NUM
emaj-58	55	23	-	-	SYM
emaj-58	55	24	2004	2004	NUM
emaj-58	55	25	.	.	PUNCT
emaj-58	56	1	ligao	ligao	ADJ
emaj-58	56	2	chen	chen	PROPN
emaj-58	56	3	et	et	PROPN
emaj-58	56	4	al	al	PROPN
emaj-58	56	5	.	.	PROPN
emaj-58	56	6	(	(	PUNCT
emaj-58	56	7	2006	2006	NUM
emaj-58	56	8	)	)	PUNCT
emaj-58	56	9	showed	show	VERB
emaj-58	56	10	that	that	SCONJ
emaj-58	56	11	the	the	DET
emaj-58	56	12	us	us	PROPN
emaj-58	56	13	stock	stock	NOUN
emaj-58	56	14	market	market	NOUN
emaj-58	56	15	is	be	AUX
emaj-58	56	16	much	much	ADV
emaj-58	56	17	more	more	ADV
emaj-58	56	18	independent	independent	ADJ
emaj-58	56	19	compared	compare	VERB
emaj-58	56	20	with	with	ADP
emaj-58	56	21	the	the	DET
emaj-58	56	22	japanese	japanese	ADJ
emaj-58	56	23	and	and	CCONJ
emaj-58	56	24	asian	asian	ADJ
emaj-58	56	25	emerging	emerge	VERB
emaj-58	56	26	stock	stock	NOUN
emaj-58	56	27	markets	market	NOUN
emaj-58	56	28	and	and	CCONJ
emaj-58	56	29	the	the	DET
emaj-58	56	30	japanese	japanese	ADJ
emaj-58	56	31	stock	stock	NOUN
emaj-58	56	32	market	market	NOUN
emaj-58	56	33	is	be	AUX
emaj-58	56	34	highly	highly	ADV
emaj-58	56	35	correlated	correlate	VERB
emaj-58	56	36	with	with	ADP
emaj-58	56	37	asian	asian	ADJ
emaj-58	56	38	emerging	emerge	VERB
emaj-58	56	39	markets	market	NOUN
emaj-58	56	40	,	,	PUNCT
emaj-58	56	41	while	while	SCONJ
emaj-58	56	42	the	the	DET
emaj-58	56	43	chinese	chinese	ADJ
emaj-58	56	44	stock	stock	NOUN
emaj-58	56	45	market	market	NOUN
emaj-58	56	46	exhibits	exhibit	VERB
emaj-58	56	47	strong	strong	ADJ
emaj-58	56	48	exogeneity	exogeneity	NOUN
emaj-58	56	49	.	.	PUNCT
emaj-58	57	1	jian	jian	PROPN
emaj-58	57	2	hu	hu	PROPN
emaj-58	57	3	and	and	CCONJ
emaj-58	57	4	pengbo	pengbo	PROPN
emaj-58	57	5	lv	lv	PROPN
emaj-58	57	6	(	(	PUNCT
emaj-58	57	7	2008	2008	NUM
emaj-58	57	8	)	)	PUNCT
emaj-58	57	9	argued	argue	VERB
emaj-58	57	10	that	that	SCONJ
emaj-58	57	11	there	there	PRON
emaj-58	57	12	is	be	VERB
emaj-58	57	13	no	no	DET
emaj-58	57	14	long	long	ADJ
emaj-58	57	15	-	-	PUNCT
emaj-58	57	16	term	term	NOUN
emaj-58	57	17	stable	stable	ADJ
emaj-58	57	18	equilibrium	equilibrium	NOUN
emaj-58	57	19	between	between	ADP
emaj-58	57	20	shanghai	shanghai	PROPN
emaj-58	57	21	and	and	CCONJ
emaj-58	57	22	hong	hong	PROPN
emaj-58	57	23	kong	kong	PROPN
emaj-58	57	24	stock	stock	NOUN
emaj-58	57	25	markets	market	NOUN
emaj-58	57	26	and	and	CCONJ
emaj-58	57	27	failed	fail	VERB
emaj-58	57	28	to	to	PART
emaj-58	57	29	find	find	VERB
emaj-58	57	30	any	any	DET
emaj-58	57	31	common	common	ADJ
emaj-58	57	32	factor	factor	NOUN
emaj-58	57	33	.	.	PUNCT
emaj-58	58	1	however	however	ADV
emaj-58	58	2	,	,	PUNCT
emaj-58	58	3	according	accord	VERB
emaj-58	58	4	to	to	ADP
emaj-58	58	5	xicun	xicun	PROPN
emaj-58	58	6	youzuo	youzuo	PROPN
emaj-58	58	7	(	(	PUNCT
emaj-58	58	8	2009	2009	NUM
emaj-58	58	9	)	)	PUNCT
emaj-58	58	10	,	,	PUNCT
emaj-58	58	11	there	there	PRON
emaj-58	58	12	is	be	VERB
emaj-58	58	13	a	a	DET
emaj-58	58	14	unidirectional	unidirectional	ADJ
emaj-58	58	15	volatility	volatility	NOUN
emaj-58	58	16	spillover	spillover	VERB
emaj-58	58	17	effect	effect	NOUN
emaj-58	58	18	from	from	ADP
emaj-58	58	19	the	the	DET
emaj-58	58	20	chinese	chinese	ADJ
emaj-58	58	21	stock	stock	NOUN
emaj-58	58	22	market	market	NOUN
emaj-58	58	23	to	to	ADP
emaj-58	58	24	the	the	DET
emaj-58	58	25	us	us	PROPN
emaj-58	58	26	stock	stock	NOUN
emaj-58	58	27	market	market	NOUN
emaj-58	58	28	,	,	PUNCT
emaj-58	58	29	and	and	CCONJ
emaj-58	58	30	the	the	DET
emaj-58	58	31	us	us	PROPN
emaj-58	58	32	stock	stock	NOUN
emaj-58	58	33	market	market	NOUN
emaj-58	58	34	has	have	AUX
emaj-58	58	35	started	start	VERB
emaj-58	58	36	to	to	PART
emaj-58	58	37	affect	affect	VERB
emaj-58	58	38	the	the	DET
emaj-58	58	39	chinese	chinese	ADJ
emaj-58	58	40	stock	stock	NOUN
emaj-58	58	41	market	market	NOUN
emaj-58	58	42	.	.	PUNCT
emaj-58	59	1	bing	bing	VERB
emaj-58	59	2	zhang	zhang	PROPN
emaj-58	59	3	et	et	PROPN
emaj-58	59	4	al	al	PROPN
emaj-58	59	5	.	.	PROPN
emaj-58	60	1	(	(	PUNCT
emaj-58	60	2	2010	2010	NUM
emaj-58	60	3	)	)	PUNCT
emaj-58	60	4	argued	argue	VERB
emaj-58	60	5	that	that	SCONJ
emaj-58	60	6	there	there	PRON
emaj-58	60	7	is	be	VERB
emaj-58	60	8	no	no	DET
emaj-58	60	9	long	long	ADJ
emaj-58	60	10	-	-	PUNCT
emaj-58	60	11	term	term	NOUN
emaj-58	60	12	equilibrium	equilibrium	NOUN
emaj-58	60	13	between	between	ADP
emaj-58	60	14	the	the	DET
emaj-58	60	15	chinese	chinese	PROPN
emaj-58	60	16	and	and	CCONJ
emaj-58	60	17	us	we	PRON
emaj-58	60	18	stock	stock	NOUN
emaj-58	60	19	markets	market	NOUN
emaj-58	60	20	and	and	CCONJ
emaj-58	60	21	both	both	DET
emaj-58	60	22	markets	market	NOUN
emaj-58	60	23	show	show	VERB
emaj-58	60	24	relative	relative	ADJ
emaj-58	60	25	independence	independence	NOUN
emaj-58	60	26	,	,	PUNCT
emaj-58	60	27	while	while	SCONJ
emaj-58	60	28	an	an	DET
emaj-58	60	29	increasing	increase	VERB
emaj-58	60	30	spillover	spillover	NOUN
emaj-58	60	31	effect	effect	NOUN
emaj-58	60	32	from	from	ADP
emaj-58	60	33	the	the	DET
emaj-58	60	34	us	us	PROPN
emaj-58	60	35	market	market	NOUN
emaj-58	60	36	to	to	ADP
emaj-58	60	37	the	the	DET
emaj-58	60	38	chinese	chinese	ADJ
emaj-58	60	39	market	market	NOUN
emaj-58	60	40	is	be	AUX
emaj-58	60	41	found	find	VERB
emaj-58	60	42	.	.	PUNCT
emaj-58	61	1	specially	specially	ADV
emaj-58	61	2	,	,	PUNCT
emaj-58	61	3	xiaoguang	xiaoguang	PROPN
emaj-58	61	4	li	li	PROPN
emaj-58	61	5	and	and	CCONJ
emaj-58	61	6	yangui	yangui	PROPN
emaj-58	61	7	zhang	zhang	PROPN
emaj-58	61	8	(	(	PUNCT
emaj-58	61	9	2008	2008	NUM
emaj-58	61	10	)	)	PUNCT
emaj-58	61	11	revealed	reveal	VERB
emaj-58	61	12	that	that	SCONJ
emaj-58	61	13	after	after	ADP
emaj-58	61	14	the	the	DET
emaj-58	61	15	us	us	PROPN
emaj-58	61	16	subprime	subprime	ADJ
emaj-58	61	17	crisis	crisis	NOUN
emaj-58	61	18	,	,	PUNCT
emaj-58	61	19	the	the	DET
emaj-58	61	20	comovement	comovement	ADJ
emaj-58	61	21	effect	effect	NOUN
emaj-58	61	22	between	between	ADP
emaj-58	61	23	the	the	DET
emaj-58	61	24	chinese	chinese	ADJ
emaj-58	61	25	and	and	CCONJ
emaj-58	61	26	international	international	ADJ
emaj-58	61	27	key	key	ADJ
emaj-58	61	28	stock	stock	NOUN
emaj-58	61	29	markets	market	NOUN
emaj-58	61	30	strengthened	strengthen	VERB
emaj-58	61	31	gradually	gradually	ADV
emaj-58	61	32	,	,	PUNCT
emaj-58	61	33	especially	especially	ADV
emaj-58	61	34	the	the	DET
emaj-58	61	35	linkage	linkage	NOUN
emaj-58	61	36	of	of	ADP
emaj-58	61	37	the	the	DET
emaj-58	61	38	chinese	chinese	ADJ
emaj-58	61	39	stock	stock	NOUN
emaj-58	61	40	markets	market	NOUN
emaj-58	61	41	with	with	ADP
emaj-58	61	42	uk	uk	PROPN
emaj-58	61	43	and	and	CCONJ
emaj-58	61	44	hong	hong	PROPN
emaj-58	61	45	kong	kong	PROPN
emaj-58	61	46	are	be	AUX
emaj-58	61	47	continually	continually	ADV
emaj-58	61	48	increasing	increase	VERB
emaj-58	61	49	.	.	PUNCT
emaj-58	62	1	chuilin	chuilin	PROPN
emaj-58	62	2	yi	yi	PROPN
emaj-58	62	3	and	and	CCONJ
emaj-58	62	4	cuiyu	cuiyu	PROPN
emaj-58	62	5	zhang	zhang	PROPN
emaj-58	62	6	(	(	PUNCT
emaj-58	62	7	2010	2010	NUM
emaj-58	62	8	)	)	PUNCT
emaj-58	62	9	investigated	investigate	VERB
emaj-58	62	10	the	the	DET
emaj-58	62	11	relation	relation	NOUN
emaj-58	62	12	between	between	ADP
emaj-58	62	13	the	the	DET
emaj-58	62	14	chinese	chinese	ADJ
emaj-58	62	15	stock	stock	NOUN
emaj-58	62	16	market	market	NOUN
emaj-58	62	17	with	with	ADP
emaj-58	62	18	six	six	NUM
emaj-58	62	19	main	main	ADJ
emaj-58	62	20	markets	market	NOUN
emaj-58	62	21	of	of	ADP
emaj-58	62	22	asia	asia	PROPN
emaj-58	62	23	,	,	PUNCT
emaj-58	62	24	and	and	CCONJ
emaj-58	62	25	suggested	suggest	VERB
emaj-58	62	26	that	that	SCONJ
emaj-58	62	27	the	the	DET
emaj-58	62	28	chinese	chinese	ADJ
emaj-58	62	29	stock	stock	NOUN
emaj-58	62	30	market	market	NOUN
emaj-58	62	31	is	be	AUX
emaj-58	62	32	significantly	significantly	ADV
emaj-58	62	33	influenced	influence	VERB
emaj-58	62	34	by	by	ADP
emaj-58	62	35	other	other	ADJ
emaj-58	62	36	markets	market	NOUN
emaj-58	62	37	before	before	ADP
emaj-58	62	38	the	the	DET
emaj-58	62	39	2008	2008	NUM
emaj-58	62	40	financial	financial	ADJ
emaj-58	62	41	crisis	crisis	NOUN
emaj-58	62	42	while	while	SCONJ
emaj-58	62	43	the	the	DET
emaj-58	62	44	impact	impact	NOUN
emaj-58	62	45	of	of	ADP
emaj-58	62	46	the	the	DET
emaj-58	62	47	chinese	chinese	ADJ
emaj-58	62	48	stock	stock	NOUN
emaj-58	62	49	market	market	NOUN
emaj-58	62	50	on	on	ADP
emaj-58	62	51	other	other	ADJ
emaj-58	62	52	markets	market	NOUN
emaj-58	62	53	becomes	become	VERB
emaj-58	62	54	stronger	strong	ADJ
emaj-58	62	55	after	after	ADP
emaj-58	62	56	the	the	DET
emaj-58	62	57	crisis	crisis	NOUN
emaj-58	62	58	.	.	PUNCT
emaj-58	63	1	recently	recently	ADV
emaj-58	63	2	,	,	PUNCT
emaj-58	63	3	oztek	oztek	NOUN
emaj-58	63	4	and	and	CCONJ
emaj-58	63	5	ocal	ocal	ADJ
emaj-58	63	6	(	(	PUNCT
emaj-58	63	7	2012	2012	NUM
emaj-58	63	8	)	)	PUNCT
emaj-58	63	9	explored	explore	VERB
emaj-58	63	10	the	the	DET
emaj-58	63	11	integration	integration	NOUN
emaj-58	63	12	of	of	ADP
emaj-58	63	13	china	china	PROPN
emaj-58	63	14	stock	stock	NOUN
emaj-58	63	15	markets	market	NOUN
emaj-58	63	16	with	with	ADP
emaj-58	63	17	international	international	ADJ
emaj-58	63	18	stock	stock	NOUN
emaj-58	63	19	markets	market	NOUN
emaj-58	63	20	using	use	VERB
emaj-58	63	21	the	the	DET
emaj-58	63	22	approach	approach	NOUN
emaj-58	63	23	of	of	ADP
emaj-58	63	24	smooth	smooth	ADJ
emaj-58	63	25	transition	transition	NOUN
emaj-58	63	26	conditional	conditional	ADJ
emaj-58	63	27	correlation	correlation	NOUN
emaj-58	63	28	.	.	PUNCT
emaj-58	64	1	generally	generally	ADV
emaj-58	64	2	speaking	speak	VERB
emaj-58	64	3	,	,	PUNCT
emaj-58	64	4	the	the	DET
emaj-58	64	5	related	related	ADJ
emaj-58	64	6	studies	study	NOUN
emaj-58	64	7	about	about	ADP
emaj-58	64	8	the	the	DET
emaj-58	64	9	price	price	NOUN
emaj-58	64	10	comovement	comovement	NOUN
emaj-58	64	11	in	in	ADP
emaj-58	64	12	stock	stock	NOUN
emaj-58	64	13	markets	market	NOUN
emaj-58	64	14	usually	usually	ADV
emaj-58	64	15	have	have	VERB
emaj-58	64	16	two	two	NUM
emaj-58	64	17	characteristics	characteristic	NOUN
emaj-58	64	18	.	.	PUNCT
emaj-58	65	1	the	the	DET
emaj-58	65	2	one	one	NOUN
emaj-58	65	3	is	be	AUX
emaj-58	65	4	that	that	SCONJ
emaj-58	65	5	most	most	ADJ
emaj-58	65	6	of	of	ADP
emaj-58	65	7	the	the	DET
emaj-58	65	8	existing	exist	VERB
emaj-58	65	9	literatures	literature	NOUN
emaj-58	65	10	focused	focus	VERB
emaj-58	65	11	on	on	ADP
emaj-58	65	12	the	the	DET
emaj-58	65	13	comovement	comovement	ADJ
emaj-58	65	14	effect	effect	NOUN
emaj-58	65	15	between	between	ADP
emaj-58	65	16	the	the	DET
emaj-58	65	17	chinese	chinese	ADJ
emaj-58	65	18	stock	stock	NOUN
emaj-58	65	19	market	market	NOUN
emaj-58	65	20	and	and	CCONJ
emaj-58	65	21	the	the	DET
emaj-58	65	22	stock	stock	NOUN
emaj-58	65	23	markets	market	NOUN
emaj-58	65	24	of	of	ADP
emaj-58	65	25	developed	develop	VERB
emaj-58	65	26	countries	country	NOUN
emaj-58	65	27	,	,	PUNCT
emaj-58	65	28	while	while	SCONJ
emaj-58	65	29	they	they	PRON
emaj-58	65	30	paid	pay	VERB
emaj-58	65	31	less	less	ADJ
emaj-58	65	32	attention	attention	NOUN
emaj-58	65	33	on	on	ADP
emaj-58	65	34	the	the	DET
emaj-58	65	35	comovement	comovement	ADJ
emaj-58	65	36	effect	effect	NOUN
emaj-58	65	37	between	between	ADP
emaj-58	65	38	the	the	DET
emaj-58	65	39	chinese	chinese	ADJ
emaj-58	65	40	stock	stock	NOUN
emaj-58	65	41	market	market	NOUN
emaj-58	65	42	and	and	CCONJ
emaj-58	65	43	those	those	PRON
emaj-58	65	44	of	of	ADP
emaj-58	65	45	other	other	ADJ
emaj-58	65	46	emerging	emerge	VERB
emaj-58	65	47	economies	economy	NOUN
emaj-58	65	48	.	.	PUNCT
emaj-58	66	1	the	the	DET
emaj-58	66	2	other	other	ADJ
emaj-58	66	3	is	be	AUX
emaj-58	66	4	that	that	SCONJ
emaj-58	66	5	current	current	ADJ
emaj-58	66	6	studies	study	NOUN
emaj-58	66	7	usually	usually	ADV
emaj-58	66	8	tested	test	VERB
emaj-58	66	9	whether	whether	SCONJ
emaj-58	66	10	there	there	PRON
emaj-58	66	11	is	be	VERB
emaj-58	66	12	a	a	DET
emaj-58	66	13	comovement	comovement	ADJ
emaj-58	66	14	effect	effect	NOUN
emaj-58	66	15	in	in	ADP
emaj-58	66	16	the	the	DET
emaj-58	66	17	stock	stock	NOUN
emaj-58	66	18	markets	market	NOUN
emaj-58	66	19	among	among	ADP
emaj-58	66	20	different	different	ADJ
emaj-58	66	21	countries	country	NOUN
emaj-58	66	22	or	or	CCONJ
emaj-58	66	23	regions	region	NOUN
emaj-58	66	24	,	,	PUNCT
emaj-58	66	25	while	while	SCONJ
emaj-58	66	26	they	they	PRON
emaj-58	66	27	paid	pay	VERB
emaj-58	66	28	little	little	ADJ
emaj-58	66	29	attention	attention	NOUN
emaj-58	66	30	on	on	ADP
emaj-58	66	31	the	the	DET
emaj-58	66	32	transmission	transmission	NOUN
emaj-58	66	33	mechanism	mechanism	NOUN
emaj-58	66	34	of	of	ADP
emaj-58	66	35	stock	stock	NOUN
emaj-58	66	36	price	price	NOUN
emaj-58	66	37	shock	shock	NOUN
emaj-58	66	38	.	.	PUNCT
emaj-58	67	1	3	3	NUM
emaj-58	67	2	methodology	methodology	NOUN
emaj-58	67	3	this	this	DET
emaj-58	67	4	study	study	NOUN
emaj-58	67	5	employs	employ	VERB
emaj-58	67	6	the	the	DET
emaj-58	67	7	approaches	approach	NOUN
emaj-58	67	8	of	of	ADP
emaj-58	67	9	impulse	impulse	ADJ
emaj-58	67	10	response	response	NOUN
emaj-58	67	11	function	function	NOUN
emaj-58	67	12	and	and	CCONJ
emaj-58	67	13	variance	variance	NOUN
emaj-58	67	14	decomposition	decomposition	NOUN
emaj-58	67	15	to	to	PART
emaj-58	67	16	investigate	investigate	VERB
emaj-58	67	17	the	the	DET
emaj-58	67	18	price	price	NOUN
emaj-58	67	19	shock	shock	NOUN
emaj-58	67	20	transmission	transmission	NOUN
emaj-58	67	21	-	-	PUNCT
emaj-58	67	22	mechanism	mechanism	NOUN
emaj-58	67	23	among	among	ADP
emaj-58	67	24	the	the	DET
emaj-58	67	25	stock	stock	NOUN
emaj-58	67	26	markets	market	NOUN
emaj-58	67	27	of	of	ADP
emaj-58	67	28	china	china	PROPN
emaj-58	67	29	,	,	PUNCT
emaj-58	67	30	russia	russia	PROPN
emaj-58	67	31	and	and	CCONJ
emaj-58	67	32	india	india	PROPN
emaj-58	67	33	with	with	ADP
emaj-58	67	34	samples	sample	NOUN
emaj-58	67	35	of	of	ADP
emaj-58	67	36	weekly	weekly	ADJ
emaj-58	67	37	returns	return	NOUN
emaj-58	67	38	.	.	PUNCT
emaj-58	68	1	in	in	ADP
emaj-58	68	2	a	a	DET
emaj-58	68	3	var	var	NOUN
emaj-58	68	4	model	model	NOUN
emaj-58	68	5	,	,	PUNCT
emaj-58	68	6	the	the	DET
emaj-58	68	7	shock	shock	NOUN
emaj-58	68	8	on	on	ADP
emaj-58	68	9	the	the	DET
emaj-58	68	10	ith	ith	PROPN
emaj-58	68	11	variable	variable	NOUN
emaj-58	68	12	will	will	AUX
emaj-58	68	13	not	not	PART
emaj-58	68	14	only	only	ADV
emaj-58	68	15	directly	directly	ADV
emaj-58	68	16	affect	affect	VERB
emaj-58	68	17	the	the	DET
emaj-58	68	18	ith	ith	PROPN
emaj-58	68	19	variable	variable	NOUN
emaj-58	68	20	,	,	PUNCT
emaj-58	68	21	but	but	CCONJ
emaj-58	68	22	also	also	ADV
emaj-58	68	23	affect	affect	VERB
emaj-58	68	24	other	other	ADJ
emaj-58	68	25	endogenous	endogenous	ADJ
emaj-58	68	26	variables	variable	NOUN
emaj-58	68	27	through	through	ADP
emaj-58	68	28	the	the	DET
emaj-58	68	29	dynamic	dynamic	ADJ
emaj-58	68	30	structure	structure	NOUN
emaj-58	68	31	of	of	ADP
emaj-58	68	32	var	var	PROPN
emaj-58	68	33	model	model	NOUN
emaj-58	68	34	.	.	PUNCT
emaj-58	69	1	the	the	DET
emaj-58	69	2	var(p	var(p	PROPN
emaj-58	69	3	)	)	PUNCT
emaj-58	69	4	can	can	AUX
emaj-58	69	5	be	be	AUX
emaj-58	69	6	written	write	VERB
emaj-58	69	7	as	as	SCONJ
emaj-58	69	8	follows	follow	VERB
emaj-58	69	9	:	:	PUNCT
emaj-58	69	10	tptpttt	tptpttt	NOUN
emaj-58	69	11	yayayay	yayayay	PROPN
emaj-58	69	12			VERB
emaj-58	69	13			NUM
emaj-58	69	14	2211	2211	PROPN
emaj-58	69	15	(	(	PUNCT
emaj-58	69	16	1	1	X
emaj-58	69	17	)	)	PUNCT
emaj-58	69	18	where	where	SCONJ
emaj-58	69	19	ty	ty	PRON
emaj-58	69	20	represents	represent	VERB
emaj-58	69	21	a	a	DET
emaj-58	69	22	k	k	ADJ
emaj-58	69	23	-	-	ADJ
emaj-58	69	24	dimension	dimension	ADJ
emaj-58	69	25	endogenous	endogenous	ADJ
emaj-58	69	26	vector	vector	NOUN
emaj-58	69	27	and	and	CCONJ
emaj-58	69	28	t	t	PROPN
emaj-58	69	29	is	be	AUX
emaj-58	69	30	a	a	DET
emaj-58	69	31	multivariate	multivariate	NOUN
emaj-58	69	32	sequence	sequence	NOUN
emaj-58	69	33	of	of	ADP
emaj-58	69	34	stochastic	stochastic	ADJ
emaj-58	69	35	error	error	NOUN
emaj-58	69	36	with	with	ADP
emaj-58	69	37	mean	mean	ADJ
emaj-58	69	38	-	-	PUNCT
emaj-58	69	39	zero	zero	NUM
emaj-58	69	40	and	and	CCONJ
emaj-58	69	41	nonsingular	nonsingular	ADJ
emaj-58	69	42	-	-	PUNCT
emaj-58	69	43	covariance	covariance	NOUN
emaj-58	69	44	matrix	matrix	NOUN
emaj-58	69	45			PROPN
emaj-58	69	46	.	.	PUNCT
emaj-58	70	1	the	the	DET
emaj-58	70	2	vma(∞	vma(∞	NOUN
emaj-58	70	3	)	)	PUNCT
emaj-58	70	4	model	model	NOUN
emaj-58	70	5	of	of	ADP
emaj-58	70	6	ty	ty	PRON
emaj-58	70	7	can	can	AUX
emaj-58	70	8	be	be	AUX
emaj-58	70	9	represented	represent	VERB
emaj-58	70	10	as	as	ADP
emaj-58	70	11	:	:	PUNCT
emaj-58	70	12	tt	tt	PROPN
emaj-58	70	13	lly	lly	ADV
emaj-58	70	14			INTJ
emaj-58	70	15	)	)	PUNCT
emaj-58	70	16	(	(	PUNCT
emaj-58	70	17	2	2	NUM
emaj-58	70	18	210	210	NUM
emaj-58	70	19			VERB
emaj-58	70	20	(	(	PUNCT
emaj-58	70	21	2	2	NUM
emaj-58	70	22	)	)	PUNCT
emaj-58	70	23	since	since	SCONJ
emaj-58	70	24	var(p	var(p	NOUN
emaj-58	70	25	)	)	PUNCT
emaj-58	70	26	model	model	NOUN
emaj-58	70	27	is	be	AUX
emaj-58	70	28	invertible	invertible	ADJ
emaj-58	70	29	,	,	PUNCT
emaj-58	70	30	the	the	DET
emaj-58	70	31	coefficients	coefficient	NOUN
emaj-58	70	32	of	of	ADP
emaj-58	70	33	var	var	NOUN
emaj-58	70	34	model	model	NOUN
emaj-58	70	35	could	could	AUX
emaj-58	70	36	be	be	AUX
emaj-58	70	37	used	use	VERB
emaj-58	70	38	to	to	PART
emaj-58	70	39	compute	compute	VERB
emaj-58	70	40	the	the	DET
emaj-58	70	41	coefficients	coefficient	NOUN
emaj-58	70	42	of	of	ADP
emaj-58	70	43	vma	vma	NOUN
emaj-58	70	44	model	model	NOUN
emaj-58	70	45	.	.	PUNCT
emaj-58	71	1	setting	set	VERB
emaj-58	71	2	)	)	PUNCT
emaj-58	71	3	(	(	PUNCT
emaj-58	71	4	,	,	PUNCT
emaj-58	71	5	ijqq	ijqq	PROPN
emaj-58	71	6			NOUN
emaj-58	71	7			NUM
emaj-58	71	8	,	,	PUNCT
emaj-58	71	9	q=1,2	q=1,2	PROPN
emaj-58	71	10	,	,	PUNCT
emaj-58	71	11	…	…	PUNCT
emaj-58	71	12	，	，	PUNCT
emaj-58	71	13	then	then	ADV
emaj-58	71	14	the	the	DET
emaj-58	71	15	ith	ith	PROPN
emaj-58	71	16	variable	variable	NOUN
emaj-58	71	17	in	in	ADP
emaj-58	71	18	y	y	PROPN
emaj-58	71	19	could	could	AUX
emaj-58	71	20	be	be	AUX
emaj-58	71	21	written	write	VERB
emaj-58	71	22	as	as	SCONJ
emaj-58	71	23	follows	follow	VERB
emaj-58	71	24			PROPN
emaj-58	71	25			NUM
emaj-58	71	26			NOUN
emaj-58	71	27			VERB
emaj-58	71	28	k	k	PROPN
emaj-58	71	29	j	j	PROPN
emaj-58	71	30	jtijjtijjtijjtijity	jtijjtijjtijjtijity	PROPN
emaj-58	71	31	1	1	NUM
emaj-58	71	32	3,32,21,1,0	3,32,21,1,0	NUM
emaj-58	71	33	)	)	PUNCT
emaj-58	71	34	(	(	PUNCT
emaj-58	71	35			X
emaj-58	71	36	(	(	PUNCT
emaj-58	71	37	3	3	NUM
emaj-58	71	38	)	)	PUNCT
emaj-58	71	39	volume	volume	NOUN
emaj-58	71	40	4	4	NUM
emaj-58	71	41	no	no	DET
emaj-58	71	42	1	1	NUM
emaj-58	71	43	(	(	PUNCT
emaj-58	71	44	2014	2014	NUM
emaj-58	71	45	)	)	PUNCT
emaj-58	71	46	|	|	ADV
emaj-58	71	47	issn	issn	VERB
emaj-58	71	48	2158	2158	NUM
emaj-58	71	49	-	-	SYM
emaj-58	71	50	8708	8708	NUM
emaj-58	71	51	(	(	PUNCT
emaj-58	71	52	online	online	NOUN
emaj-58	71	53	)	)	PUNCT
emaj-58	71	54	|	|	ADV
emaj-58	71	55	doi	doi	X
emaj-58	71	56	10.5195	10.5195	NUM
emaj-58	71	57	/	/	SYM
emaj-58	71	58	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	71	59	|	|	NOUN
emaj-58	71	60	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-58	71	61	study	study	NOUN
emaj-58	71	62	on	on	ADP
emaj-58	71	63	the	the	DET
emaj-58	71	64	shock	shock	NOUN
emaj-58	71	65	-	-	PUNCT
emaj-58	71	66	transmission	transmission	NOUN
emaj-58	71	67	mechanism	mechanism	NOUN
emaj-58	71	68	of	of	ADP
emaj-58	71	69	stock	stock	NOUN
emaj-58	71	70	price	price	NOUN
emaj-58	71	71	among	among	ADP
emaj-58	71	72	china	china	PROPN
emaj-58	71	73	,	,	PUNCT
emaj-58	71	74	russia	russia	PROPN
emaj-58	71	75	and	and	CCONJ
emaj-58	71	76	india	india	PROPN
emaj-58	71	77	emerging	emerge	VERB
emaj-58	71	78	markets	market	NOUN
emaj-58	71	79	journal	journal	NOUN
emaj-58	72	1	|	|	ADV
emaj-58	72	2	p	p	NOUN
emaj-58	72	3	a	a	DET
emaj-58	72	4	g	g	NOUN
emaj-58	72	5	e	e	NOUN
emaj-58	72	6	|36	|36	NOUN
emaj-58	72	7	according	accord	VERB
emaj-58	72	8	to	to	ADP
emaj-58	72	9	equation	equation	NOUN
emaj-58	72	10	(	(	PUNCT
emaj-58	72	11	3	3	NUM
emaj-58	72	12	)	)	PUNCT
emaj-58	72	13	,	,	PUNCT
emaj-58	72	14	the	the	DET
emaj-58	72	15	impulse	impulse	ADJ
emaj-58	72	16	response	response	NOUN
emaj-58	72	17	function	function	NOUN
emaj-58	72	18	depicts	depict	VERB
emaj-58	72	19	the	the	DET
emaj-58	72	20	impact	impact	NOUN
emaj-58	72	21	of	of	ADP
emaj-58	72	22	a	a	DET
emaj-58	72	23	one	one	NUM
emaj-58	72	24	-	-	PUNCT
emaj-58	72	25	off	off	ADP
emaj-58	72	26	shock	shock	NOUN
emaj-58	72	27	to	to	ADP
emaj-58	72	28	stochastic	stochastic	ADJ
emaj-58	72	29	error	error	NOUN
emaj-58	72	30	on	on	ADP
emaj-58	72	31	the	the	DET
emaj-58	72	32	current	current	ADJ
emaj-58	72	33	and	and	CCONJ
emaj-58	72	34	future	future	ADJ
emaj-58	72	35	values	value	NOUN
emaj-58	72	36	of	of	ADP
emaj-58	72	37	endogenous	endogenous	ADJ
emaj-58	72	38	variables	variable	NOUN
emaj-58	72	39	.	.	PUNCT
emaj-58	73	1	generally	generally	ADV
emaj-58	73	2	,	,	PUNCT
emaj-58	73	3	the	the	DET
emaj-58	73	4	response	response	NOUN
emaj-58	73	5	function	function	NOUN
emaj-58	73	6	of	of	ADP
emaj-58	73	7	iy	iy	PROPN
emaj-58	73	8	resulting	result	VERB
emaj-58	73	9	from	from	ADP
emaj-58	73	10	the	the	DET
emaj-58	73	11	shock	shock	NOUN
emaj-58	73	12	to	to	ADP
emaj-58	73	13	jy	jy	PROPN
emaj-58	73	14	can	can	AUX
emaj-58	73	15	be	be	AUX
emaj-58	73	16	presented	present	VERB
emaj-58	73	17	as	as	SCONJ
emaj-58	73	18	follows	follow	VERB
emaj-58	73	19	0	0	NUM
emaj-58	73	20	,	,	PUNCT
emaj-58	73	21	1	1	NUM
emaj-58	73	22	,	,	PUNCT
emaj-58	73	23	2	2	NUM
emaj-58	73	24	,	,	PUNCT
emaj-58	73	25	3	3	NUM
emaj-58	73	26	,	,	PUNCT
emaj-58	73	27	,	,	PUNCT
emaj-58	73	28	,	,	PUNCT
emaj-58	73	29	,	,	PUNCT
emaj-58	73	30	,	,	PUNCT
emaj-58	73	31	ij	ij	INTJ
emaj-58	73	32	ij	ij	INTJ
emaj-58	73	33	ij	ij	INTJ
emaj-58	74	1	ij	ij	PROPN
emaj-58	74	2			NOUN
emaj-58	74	3			NOUN
emaj-58	74	4			NOUN
emaj-58	74	5	using	use	VERB
emaj-58	74	6	the	the	DET
emaj-58	74	7	approach	approach	NOUN
emaj-58	74	8	of	of	ADP
emaj-58	74	9	variance	variance	NOUN
emaj-58	74	10	decomposition	decomposition	NOUN
emaj-58	74	11	,	,	PUNCT
emaj-58	74	12	changes	change	NOUN
emaj-58	74	13	in	in	ADP
emaj-58	74	14	endogenous	endogenous	ADJ
emaj-58	74	15	variables	variable	NOUN
emaj-58	74	16	could	could	AUX
emaj-58	74	17	be	be	AUX
emaj-58	74	18	decomposed	decompose	VERB
emaj-58	74	19	to	to	ADP
emaj-58	74	20	shocks	shock	NOUN
emaj-58	74	21	on	on	ADP
emaj-58	74	22	the	the	DET
emaj-58	74	23	components	component	NOUN
emaj-58	74	24	of	of	ADP
emaj-58	74	25	var	var	NOUN
emaj-58	74	26	system	system	NOUN
emaj-58	74	27	.	.	PUNCT
emaj-58	75	1	therefore	therefore	ADV
emaj-58	75	2	,	,	PUNCT
emaj-58	75	3	the	the	DET
emaj-58	75	4	variance	variance	NOUN
emaj-58	75	5	decomposition	decomposition	NOUN
emaj-58	75	6	shows	show	VERB
emaj-58	75	7	the	the	DET
emaj-58	75	8	relative	relative	ADJ
emaj-58	75	9	importance	importance	NOUN
emaj-58	75	10	of	of	ADP
emaj-58	75	11	stochastic	stochastic	ADJ
emaj-58	75	12	error	error	NOUN
emaj-58	75	13	influencing	influence	VERB
emaj-58	75	14	variables	variable	NOUN
emaj-58	75	15	in	in	ADP
emaj-58	75	16	var	var	NOUN
emaj-58	75	17	and	and	CCONJ
emaj-58	75	18	reveals	reveal	VERB
emaj-58	75	19	the	the	DET
emaj-58	75	20	order	order	NOUN
emaj-58	75	21	of	of	ADP
emaj-58	75	22	importance	importance	NOUN
emaj-58	75	23	of	of	ADP
emaj-58	75	24	stochastic	stochastic	ADJ
emaj-58	75	25	error	error	NOUN
emaj-58	75	26	affecting	affect	VERB
emaj-58	75	27	variables	variable	NOUN
emaj-58	75	28	in	in	ADP
emaj-58	75	29	var	var	NOUN
emaj-58	75	30	.	.	PUNCT
emaj-58	76	1	in	in	ADP
emaj-58	76	2	equation	equation	NOUN
emaj-58	76	3	(	(	PUNCT
emaj-58	76	4	3	3	NUM
emaj-58	76	5	)	)	PUNCT
emaj-58	76	6	,	,	PUNCT
emaj-58	76	7	the	the	DET
emaj-58	76	8	items	item	NOUN
emaj-58	76	9	in	in	ADP
emaj-58	76	10	parentheses	parenthesis	NOUN
emaj-58	76	11	are	be	AUX
emaj-58	76	12	the	the	DET
emaj-58	76	13	sum	sum	NOUN
emaj-58	76	14	of	of	ADP
emaj-58	76	15	all	all	DET
emaj-58	76	16	impacts	impact	NOUN
emaj-58	76	17	of	of	ADP
emaj-58	76	18	j	j	PROPN
emaj-58	76	19	on	on	ADP
emaj-58	76	20	iy	iy	PROPN
emaj-58	76	21	.	.	PUNCT
emaj-58	77	1	the	the	DET
emaj-58	77	2	variance	variance	NOUN
emaj-58	77	3	of	of	ADP
emaj-58	77	4	ity	ity	PROPN
emaj-58	77	5	is	be	AUX
emaj-58	77	6	calculated	calculate	VERB
emaj-58	77	7	as	as	SCONJ
emaj-58	77	8	follows	follow	VERB
emaj-58	77	9	:	:	PUNCT
emaj-58	77	10			X
emaj-58	77	11			NUM
emaj-58	77	12			X
emaj-58	77	13			VERB
emaj-58	77	14			PRON
emaj-58	78	1			NUM
emaj-58	79	1			INTJ
emaj-58	79	2			PROPN
emaj-58	79	3			PROPN
emaj-58	79	4			NUM
emaj-58	79	5			NOUN
emaj-58	79	6	k	k	PROPN
emaj-58	79	7	j	j	PROPN
emaj-58	79	8	q	q	PROPN
emaj-58	79	9	jjijqity	jjijqity	PROPN
emaj-58	79	10	1	1	NUM
emaj-58	79	11	0	0	NUM
emaj-58	79	12	2	2	NUM
emaj-58	79	13	,	,	PUNCT
emaj-58	79	14	)	)	PUNCT
emaj-58	79	15	(	(	PUNCT
emaj-58	79	16	)	)	PUNCT
emaj-58	79	17	var	var	NOUN
emaj-58	79	18	(	(	PUNCT
emaj-58	79	19			NOUN
emaj-58	79	20	(	(	PUNCT
emaj-58	79	21	4	4	NUM
emaj-58	79	22	)	)	PUNCT
emaj-58	79	23	the	the	DET
emaj-58	79	24	variance	variance	NOUN
emaj-58	79	25	of	of	ADP
emaj-58	79	26	ity	ity	PROPN
emaj-58	79	27	could	could	AUX
emaj-58	79	28	be	be	AUX
emaj-58	79	29	decomposed	decompose	VERB
emaj-58	79	30	to	to	ADP
emaj-58	79	31	k	k	PROPN
emaj-58	79	32	unrelated	unrelated	ADJ
emaj-58	79	33	effects	effect	NOUN
emaj-58	79	34	,	,	PUNCT
emaj-58	79	35	an	an	DET
emaj-58	79	36	index	index	NOUN
emaj-58	79	37	(	(	PUNCT
emaj-58	79	38	called	call	VERB
emaj-58	79	39	relative	relative	ADJ
emaj-58	79	40	variance	variance	NOUN
emaj-58	79	41	contribution	contribution	NOUN
emaj-58	79	42	,	,	PUNCT
emaj-58	79	43	rvc	rvc	PROPN
emaj-58	79	44	)	)	PUNCT
emaj-58	79	45	is	be	AUX
emaj-58	79	46	defined	define	VERB
emaj-58	79	47	to	to	PART
emaj-58	79	48	analyze	analyze	VERB
emaj-58	79	49	the	the	DET
emaj-58	79	50	contributions	contribution	NOUN
emaj-58	79	51	of	of	ADP
emaj-58	79	52	error	error	NOUN
emaj-58	79	53	terms	term	NOUN
emaj-58	79	54	to	to	ADP
emaj-58	79	55	the	the	DET
emaj-58	79	56	variance	variance	NOUN
emaj-58	79	57	of	of	ADP
emaj-58	79	58	ity	ity	PROPN
emaj-58	79	59	,	,	PUNCT
emaj-58	79	60	which	which	PRON
emaj-58	79	61	is	be	AUX
emaj-58	79	62	calculated	calculate	VERB
emaj-58	79	63	as	as	SCONJ
emaj-58	79	64	follows	follow	VERB
emaj-58	79	65	:	:	PUNCT
emaj-58	79	66			X
emaj-58	79	67			NUM
emaj-58	79	68			NUM
emaj-58	79	69			NUM
emaj-58	79	70			PROPN
emaj-58	79	71			PROPN
emaj-58	79	72			NOUN
emaj-58	79	73			NUM
emaj-58	79	74			NUM
emaj-58	79	75			NOUN
emaj-58	79	76			X
emaj-58	80	1			VERB
emaj-58	80	2			PROPN
emaj-58	80	3			X
emaj-58	80	4			VERB
emaj-58	80	5			NOUN
emaj-58	80	6			NUM
emaj-58	80	7			PUNCT
emaj-58	81	1	k	k	X
emaj-58	81	2	j	j	PROPN
emaj-58	82	1	jj	jj	PROPN
emaj-58	82	2	s	s	X
emaj-58	82	3	q	q	X
emaj-58	82	4	ijq	ijq	PROPN
emaj-58	82	5	s	s	X
emaj-58	82	6	q	q	NOUN
emaj-58	82	7	jjijq	jjijq	PROPN
emaj-58	82	8	s	s	X
emaj-58	82	9	ij	ij	NOUN
emaj-58	82	10	rvc	rvc	NOUN
emaj-58	82	11	1	1	NUM
emaj-58	82	12	2	2	NUM
emaj-58	82	13	)	)	PUNCT
emaj-58	82	14	1	1	NUM
emaj-58	82	15	0	0	NUM
emaj-58	82	16	,	,	PUNCT
emaj-58	82	17	(	(	PUNCT
emaj-58	82	18	1	1	NUM
emaj-58	82	19	0	0	NUM
emaj-58	82	20	2	2	NUM
emaj-58	82	21	)	)	PUNCT
emaj-58	82	22	,	,	PUNCT
emaj-58	82	23	(	(	PUNCT
emaj-58	82	24	)	)	PUNCT
emaj-58	82	25	(	(	PUNCT
emaj-58	82	26			NOUN
emaj-58	82	27			NOUN
emaj-58	82	28	i	i	PRON
emaj-58	82	29	,	,	PUNCT
emaj-58	82	30	j=1,2,	j=1,2,	PROPN
emaj-58	82	31	…	…	SYM
emaj-58	82	32	,k	,k	PUNCT
emaj-58	82	33	(	(	PUNCT
emaj-58	82	34	5	5	NUM
emaj-58	82	35	)	)	PUNCT
emaj-58	82	36	following	follow	VERB
emaj-58	82	37	the	the	DET
emaj-58	82	38	equation	equation	NOUN
emaj-58	82	39	(	(	PUNCT
emaj-58	82	40	5	5	NUM
emaj-58	82	41	)	)	PUNCT
emaj-58	82	42	,	,	PUNCT
emaj-58	82	43	the	the	DET
emaj-58	82	44	greater	great	ADJ
emaj-58	82	45	)	)	PUNCT
emaj-58	82	46	(	(	PUNCT
emaj-58	82	47	srvc	srvc	NOUN
emaj-58	82	48	ij	ij	ADJ
emaj-58	82	49	is	be	AUX
emaj-58	82	50	,	,	PUNCT
emaj-58	82	51	the	the	PRON
emaj-58	82	52	larger	large	ADJ
emaj-58	82	53	the	the	DET
emaj-58	82	54	impact	impact	NOUN
emaj-58	82	55	of	of	ADP
emaj-58	82	56	jth	jth	PROPN
emaj-58	82	57	variable	variable	NOUN
emaj-58	82	58	on	on	ADP
emaj-58	82	59	ith	ith	PROPN
emaj-58	82	60	variable	variable	NOUN
emaj-58	82	61	is	be	AUX
emaj-58	82	62	;	;	PUNCT
emaj-58	82	63	while	while	SCONJ
emaj-58	82	64	the	the	DET
emaj-58	82	65	smaller	small	ADJ
emaj-58	82	66	)	)	PUNCT
emaj-58	82	67	(	(	PUNCT
emaj-58	82	68	srvc	srvc	NOUN
emaj-58	82	69	ij	ij	ADJ
emaj-58	82	70	is	be	AUX
emaj-58	82	71	,	,	PUNCT
emaj-58	82	72	the	the	PRON
emaj-58	82	73	weaker	weak	ADJ
emaj-58	82	74	the	the	DET
emaj-58	82	75	impact	impact	NOUN
emaj-58	82	76	of	of	ADP
emaj-58	82	77	jth	jth	PROPN
emaj-58	82	78	variable	variable	NOUN
emaj-58	82	79	on	on	ADP
emaj-58	82	80	ith	ith	PROPN
emaj-58	82	81	variable	variable	NOUN
emaj-58	82	82	is	be	AUX
emaj-58	82	83	.	.	PUNCT
emaj-58	83	1	4	4	NUM
emaj-58	83	2	empirical	empirical	ADJ
emaj-58	83	3	study	study	NOUN
emaj-58	83	4	4.1	4.1	NUM
emaj-58	83	5	data	datum	NOUN
emaj-58	83	6	this	this	DET
emaj-58	83	7	paper	paper	NOUN
emaj-58	83	8	investigates	investigate	VERB
emaj-58	83	9	the	the	DET
emaj-58	83	10	transmission	transmission	NOUN
emaj-58	83	11	effect	effect	NOUN
emaj-58	83	12	of	of	ADP
emaj-58	83	13	stock	stock	NOUN
emaj-58	83	14	price	price	NOUN
emaj-58	83	15	shock	shock	NOUN
emaj-58	83	16	with	with	ADP
emaj-58	83	17	a	a	DET
emaj-58	83	18	sample	sample	NOUN
emaj-58	83	19	of	of	ADP
emaj-58	83	20	weekly	weekly	ADJ
emaj-58	83	21	closing	closing	NOUN
emaj-58	83	22	price	price	NOUN
emaj-58	83	23	indices	index	NOUN
emaj-58	83	24	ranging	range	VERB
emaj-58	83	25	from	from	ADP
emaj-58	83	26	january	january	PROPN
emaj-58	83	27	1998	1998	NUM
emaj-58	83	28	to	to	ADP
emaj-58	83	29	december	december	PROPN
emaj-58	83	30	2012	2012	NUM
emaj-58	83	31	,	,	PUNCT
emaj-58	83	32	including	include	VERB
emaj-58	83	33	the	the	DET
emaj-58	83	34	shanghai	shanghai	PROPN
emaj-58	83	35	composite	composite	ADJ
emaj-58	83	36	index	index	NOUN
emaj-58	83	37	of	of	ADP
emaj-58	83	38	china	china	PROPN
emaj-58	83	39	,	,	PUNCT
emaj-58	83	40	the	the	DET
emaj-58	83	41	rts	rt	NOUN
emaj-58	83	42	index	index	NOUN
emaj-58	83	43	of	of	ADP
emaj-58	83	44	russia	russia	PROPN
emaj-58	83	45	and	and	CCONJ
emaj-58	83	46	the	the	DET
emaj-58	83	47	sensex30	sensex30	NOUN
emaj-58	83	48	index	index	NOUN
emaj-58	83	49	of	of	ADP
emaj-58	83	50	india	india	PROPN
emaj-58	83	51	.	.	PUNCT
emaj-58	84	1	the	the	DET
emaj-58	84	2	data	datum	NOUN
emaj-58	84	3	are	be	AUX
emaj-58	84	4	collected	collect	VERB
emaj-58	84	5	from	from	ADP
emaj-58	84	6	bloomberg	bloomberg	NOUN
emaj-58	84	7	system	system	NOUN
emaj-58	84	8	and	and	CCONJ
emaj-58	84	9	the	the	DET
emaj-58	84	10	weekly	weekly	ADJ
emaj-58	84	11	returns	return	NOUN
emaj-58	84	12	of	of	ADP
emaj-58	84	13	stock	stock	NOUN
emaj-58	84	14	rt	rt	PROPN
emaj-58	84	15	are	be	AUX
emaj-58	84	16	computed	compute	VERB
emaj-58	84	17	as	as	SCONJ
emaj-58	84	18	follows	follow	VERB
emaj-58	84	19	:	:	PUNCT
emaj-58	84	20	)	)	PUNCT
emaj-58	84	21	ln()(ln	ln()(ln	PROPN
emaj-58	84	22	1	1	PROPN
emaj-58	84	23	ttt	ttt	PROPN
emaj-58	84	24	iir	iir	PROPN
emaj-58	84	25	(	(	PUNCT
emaj-58	84	26	6	6	NUM
emaj-58	84	27	)	)	PUNCT
emaj-58	84	28	where	where	SCONJ
emaj-58	84	29	it	it	PRON
emaj-58	84	30	denotes	denote	VERB
emaj-58	84	31	the	the	DET
emaj-58	84	32	closing	close	VERB
emaj-58	84	33	stock	stock	NOUN
emaj-58	84	34	price	price	NOUN
emaj-58	84	35	index	index	NOUN
emaj-58	84	36	at	at	ADP
emaj-58	84	37	period	period	NOUN
emaj-58	84	38	t.	t.	PROPN
emaj-58	84	39	totally	totally	ADV
emaj-58	84	40	,	,	PUNCT
emaj-58	84	41	746	746	NUM
emaj-58	84	42	observations	observation	NOUN
emaj-58	84	43	are	be	AUX
emaj-58	84	44	obtained	obtain	VERB
emaj-58	84	45	after	after	ADP
emaj-58	84	46	eliminating	eliminate	VERB
emaj-58	84	47	the	the	DET
emaj-58	84	48	unmatched	unmatched	ADJ
emaj-58	84	49	trading	trading	NOUN
emaj-58	84	50	data	datum	NOUN
emaj-58	84	51	.	.	PUNCT
emaj-58	85	1	the	the	DET
emaj-58	85	2	descriptive	descriptive	ADJ
emaj-58	85	3	statistics	statistic	NOUN
emaj-58	85	4	of	of	ADP
emaj-58	85	5	samples	sample	NOUN
emaj-58	85	6	are	be	AUX
emaj-58	85	7	shown	show	VERB
emaj-58	85	8	in	in	ADP
emaj-58	85	9	table	table	NOUN
emaj-58	85	10	1	1	NUM
emaj-58	85	11	.	.	PUNCT
emaj-58	86	1	the	the	DET
emaj-58	86	2	mean	mean	NOUN
emaj-58	86	3	of	of	ADP
emaj-58	86	4	weekly	weekly	ADJ
emaj-58	86	5	return	return	NOUN
emaj-58	86	6	rate	rate	NOUN
emaj-58	86	7	of	of	ADP
emaj-58	86	8	the	the	DET
emaj-58	86	9	shanghai	shanghai	PROPN
emaj-58	86	10	composite	composite	ADJ
emaj-58	86	11	index	index	NOUN
emaj-58	86	12	is	be	AUX
emaj-58	86	13	0.0008	0.0008	NUM
emaj-58	86	14	and	and	CCONJ
emaj-58	86	15	that	that	PRON
emaj-58	86	16	of	of	ADP
emaj-58	86	17	the	the	DET
emaj-58	86	18	rts	rt	NOUN
emaj-58	86	19	index	index	NOUN
emaj-58	86	20	is	be	AUX
emaj-58	86	21	0.0035	0.0035	NUM
emaj-58	86	22	,	,	PUNCT
emaj-58	86	23	while	while	SCONJ
emaj-58	86	24	that	that	PRON
emaj-58	86	25	of	of	ADP
emaj-58	86	26	the	the	DET
emaj-58	86	27	sensex30	sensex30	NOUN
emaj-58	86	28	index	index	NOUN
emaj-58	86	29	is	be	AUX
emaj-58	86	30	0.0019	0.0019	NUM
emaj-58	86	31	.	.	PUNCT
emaj-58	87	1	the	the	DET
emaj-58	87	2	skewness	skewness	NOUN
emaj-58	87	3	coefficients	coefficient	VERB
emaj-58	87	4	for	for	ADP
emaj-58	87	5	chinese	chinese	ADJ
emaj-58	87	6	and	and	CCONJ
emaj-58	87	7	russian	russian	ADJ
emaj-58	87	8	stock	stock	NOUN
emaj-58	87	9	markets	market	NOUN
emaj-58	87	10	are	be	AUX
emaj-58	87	11	positive	positive	ADJ
emaj-58	87	12	,	,	PUNCT
emaj-58	87	13	while	while	SCONJ
emaj-58	87	14	that	that	PRON
emaj-58	87	15	for	for	ADP
emaj-58	87	16	indian	indian	ADJ
emaj-58	87	17	stock	stock	NOUN
emaj-58	87	18	market	market	NOUN
emaj-58	87	19	is	be	AUX
emaj-58	87	20	negative	negative	ADJ
emaj-58	87	21	.	.	PUNCT
emaj-58	88	1	the	the	DET
emaj-58	88	2	kurtosis	kurtosis	NOUN
emaj-58	88	3	coefficients	coefficient	NOUN
emaj-58	88	4	are	be	AUX
emaj-58	88	5	all	all	ADV
emaj-58	88	6	larger	large	ADJ
emaj-58	88	7	than	than	ADP
emaj-58	88	8	3	3	NUM
emaj-58	88	9	for	for	ADP
emaj-58	88	10	the	the	DET
emaj-58	88	11	three	three	NUM
emaj-58	88	12	markets	market	NOUN
emaj-58	88	13	.	.	PUNCT
emaj-58	89	1	the	the	DET
emaj-58	89	2	jareque	jareque	NOUN
emaj-58	89	3	-	-	PUNCT
emaj-58	89	4	bera	bera	NOUN
emaj-58	89	5	statistics	statistic	NOUN
emaj-58	89	6	are	be	AUX
emaj-58	89	7	relative	relative	ADJ
emaj-58	89	8	high	high	ADJ
emaj-58	89	9	and	and	CCONJ
emaj-58	89	10	the	the	DET
emaj-58	89	11	corresponding	corresponding	ADJ
emaj-58	89	12	p	p	NOUN
emaj-58	89	13	-	-	PUNCT
emaj-58	89	14	values	value	NOUN
emaj-58	89	15	are	be	AUX
emaj-58	89	16	almost	almost	ADV
emaj-58	89	17	0	0	NUM
emaj-58	89	18	,	,	PUNCT
emaj-58	89	19	which	which	PRON
emaj-58	89	20	shows	show	VERB
emaj-58	89	21	that	that	SCONJ
emaj-58	89	22	the	the	DET
emaj-58	89	23	return	return	NOUN
emaj-58	89	24	series	series	NOUN
emaj-58	89	25	are	be	AUX
emaj-58	89	26	not	not	PART
emaj-58	89	27	subject	subject	ADJ
emaj-58	89	28	to	to	ADP
emaj-58	89	29	normal	normal	ADJ
emaj-58	89	30	distribution	distribution	NOUN
emaj-58	89	31	.	.	PUNCT
emaj-58	90	1	moreover	moreover	ADV
emaj-58	90	2	,	,	PUNCT
emaj-58	90	3	the	the	DET
emaj-58	90	4	results	result	NOUN
emaj-58	90	5	of	of	ADP
emaj-58	90	6	adf	adf	PROPN
emaj-58	90	7	test	test	NOUN
emaj-58	90	8	,	,	PUNCT
emaj-58	90	9	df	df	NOUN
emaj-58	90	10	-	-	PUNCT
emaj-58	90	11	gls	gl	VERB
emaj-58	90	12	test	test	NOUN
emaj-58	90	13	and	and	CCONJ
emaj-58	90	14	phillips	phillips	PROPN
emaj-58	90	15	-	-	PUNCT
emaj-58	90	16	perron	perron	PROPN
emaj-58	90	17	test	test	NOUN
emaj-58	90	18	all	all	PRON
emaj-58	90	19	show	show	VERB
emaj-58	90	20	that	that	SCONJ
emaj-58	90	21	the	the	DET
emaj-58	90	22	return	return	NOUN
emaj-58	90	23	series	series	NOUN
emaj-58	90	24	are	be	AUX
emaj-58	90	25	stationary	stationary	ADJ
emaj-58	90	26	.	.	PUNCT
emaj-58	91	1	volume	volume	NOUN
emaj-58	91	2	4	4	NUM
emaj-58	91	3	no	no	DET
emaj-58	91	4	1	1	NUM
emaj-58	91	5	(	(	PUNCT
emaj-58	91	6	2014	2014	NUM
emaj-58	91	7	)	)	PUNCT
emaj-58	91	8	|	|	ADV
emaj-58	91	9	issn	issn	VERB
emaj-58	91	10	2158	2158	NUM
emaj-58	91	11	-	-	SYM
emaj-58	91	12	8708	8708	NUM
emaj-58	91	13	(	(	PUNCT
emaj-58	91	14	online	online	NOUN
emaj-58	91	15	)	)	PUNCT
emaj-58	91	16	|	|	ADV
emaj-58	91	17	doi	doi	X
emaj-58	91	18	10.5195	10.5195	NUM
emaj-58	91	19	/	/	SYM
emaj-58	91	20	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	91	21	|	|	NOUN
emaj-58	91	22	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-58	91	23	dr.menggen	dr.menggen	PROPN
emaj-58	91	24	chen	chen	PROPN
emaj-58	92	1	p	p	PROPN
emaj-58	92	2	a	a	DET
emaj-58	92	3	g	g	NOUN
emaj-58	92	4	e	e	NOUN
emaj-58	92	5	|37|	|37|	NOUN
emaj-58	92	6	emerging	emerge	VERB
emaj-58	92	7	markets	market	NOUN
emaj-58	92	8	journal	journal	NOUN
emaj-58	92	9	table	table	NOUN
emaj-58	92	10	1	1	NUM
emaj-58	92	11	a	a	DET
emaj-58	92	12	summary	summary	NOUN
emaj-58	92	13	statistics	statistic	NOUN
emaj-58	92	14	of	of	ADP
emaj-58	92	15	the	the	DET
emaj-58	92	16	return	return	NOUN
emaj-58	92	17	series	series	NOUN
emaj-58	92	18	variable	variable	NOUN
emaj-58	92	19	sh	sh	PROPN
emaj-58	92	20	ru	ru	PROPN
emaj-58	92	21	in	in	ADP
emaj-58	92	22	mean	mean	PROPN
emaj-58	92	23	0.0008	0.0008	NUM
emaj-58	92	24	0.0035	0.0035	NUM
emaj-58	92	25	0.0019	0.0019	NUM
emaj-58	92	26	median	median	NOUN
emaj-58	92	27	0.0003	0.0003	NUM
emaj-58	92	28	0.0072	0.0072	NUM
emaj-58	92	29	0.0052	0.0052	NUM
emaj-58	92	30	maximum	maximum	ADJ
emaj-58	92	31	0.1394	0.1394	NUM
emaj-58	92	32	0.4008	0.4008	NUM
emaj-58	92	33	0.1317	0.1317	NUM
emaj-58	92	34	minimum	minimum	ADJ
emaj-58	92	35	-0.1489	-0.1489	NOUN
emaj-58	92	36	-0.2976	-0.2976	NOUN
emaj-58	92	37	-0.1738	-0.1738	NOUN
emaj-58	93	1	s.d	s.d	PROPN
emaj-58	93	2	.	.	PROPN
emaj-58	94	1	0.0345	0.0345	NUM
emaj-58	94	2	0.0641	0.0641	NUM
emaj-58	94	3	0.0362	0.0362	NUM
emaj-58	94	4	skewness	skewness	NOUN
emaj-58	94	5	0.1168	0.1168	NUM
emaj-58	94	6	0.2255	0.2255	NUM
emaj-58	94	7	-0.4017	-0.4017	NOUN
emaj-58	94	8	kurtosis	kurtosis	VERB
emaj-58	94	9	4.7521	4.7521	NUM
emaj-58	94	10	9.8597	9.8597	NUM
emaj-58	94	11	5.0441	5.0441	NUM
emaj-58	94	12	jarque	jarque	NOUN
emaj-58	94	13	-	-	PUNCT
emaj-58	94	14	bera	bera	NOUN
emaj-58	94	15	97.1153	97.1153	NUM
emaj-58	94	16	1468.9680	1468.9680	NUM
emaj-58	94	17	149.9412	149.9412	NUM
emaj-58	94	18	p	p	ADJ
emaj-58	94	19	-	-	PUNCT
emaj-58	94	20	value	value	NOUN
emaj-58	94	21	0.0000	0.0000	NUM
emaj-58	94	22	0.0000	0.0000	NUM
emaj-58	94	23	0.0000	0.0000	NUM
emaj-58	94	24	observation	observation	NOUN
emaj-58	94	25	746	746	NUM
emaj-58	94	26	746	746	NUM
emaj-58	94	27	746	746	NUM
emaj-58	94	28	note	note	NOUN
emaj-58	94	29	:	:	PUNCT
emaj-58	94	30	sh	sh	PROPN
emaj-58	94	31	represents	represent	VERB
emaj-58	94	32	the	the	DET
emaj-58	94	33	weekly	weekly	ADJ
emaj-58	94	34	return	return	NOUN
emaj-58	94	35	of	of	ADP
emaj-58	94	36	shanghai	shanghai	PROPN
emaj-58	94	37	composite	composite	PROPN
emaj-58	94	38	index	index	NOUN
emaj-58	94	39	,	,	PUNCT
emaj-58	94	40	ru	ru	PROPN
emaj-58	94	41	represents	represent	VERB
emaj-58	94	42	the	the	DET
emaj-58	94	43	weekly	weekly	ADJ
emaj-58	94	44	return	return	NOUN
emaj-58	94	45	of	of	ADP
emaj-58	94	46	rts	rt	NOUN
emaj-58	94	47	index	index	NOUN
emaj-58	94	48	and	and	CCONJ
emaj-58	94	49	in	in	ADP
emaj-58	94	50	represents	represent	VERB
emaj-58	94	51	the	the	DET
emaj-58	94	52	weekly	weekly	ADJ
emaj-58	94	53	return	return	NOUN
emaj-58	94	54	of	of	ADP
emaj-58	94	55	sensex30	sensex30	NOUN
emaj-58	94	56	index	index	NOUN
emaj-58	94	57	.	.	PUNCT
emaj-58	95	1	4.2	4.2	NUM
emaj-58	95	2	empirical	empirical	ADJ
emaj-58	95	3	study	study	NOUN
emaj-58	95	4	4.2.1	4.2.1	NUM
emaj-58	95	5	basic	basic	ADJ
emaj-58	95	6	analysis	analysis	NOUN
emaj-58	95	7	the	the	DET
emaj-58	95	8	correlation	correlation	NOUN
emaj-58	95	9	analysis	analysis	NOUN
emaj-58	95	10	showed	show	VERB
emaj-58	95	11	that	that	SCONJ
emaj-58	95	12	the	the	DET
emaj-58	95	13	correlation	correlation	NOUN
emaj-58	95	14	coefficient	coefficient	NOUN
emaj-58	95	15	of	of	ADP
emaj-58	95	16	sh	sh	PROPN
emaj-58	95	17	and	and	CCONJ
emaj-58	95	18	ru	ru	PROPN
emaj-58	95	19	is	be	AUX
emaj-58	95	20	0.0947	0.0947	NUM
emaj-58	95	21	;	;	PUNCT
emaj-58	95	22	the	the	DET
emaj-58	95	23	correlation	correlation	NOUN
emaj-58	95	24	coefficient	coefficient	NOUN
emaj-58	95	25	of	of	ADP
emaj-58	95	26	sh	sh	PROPN
emaj-58	95	27	and	and	CCONJ
emaj-58	95	28	in	in	ADP
emaj-58	95	29	is	be	AUX
emaj-58	95	30	0.1488	0.1488	NUM
emaj-58	95	31	;	;	PUNCT
emaj-58	95	32	the	the	DET
emaj-58	95	33	correlation	correlation	NOUN
emaj-58	95	34	coefficient	coefficient	NOUN
emaj-58	95	35	of	of	ADP
emaj-58	95	36	ru	ru	NOUN
emaj-58	95	37	and	and	CCONJ
emaj-58	95	38	in	in	ADP
emaj-58	95	39	is	be	AUX
emaj-58	95	40	0.1488	0.1488	NUM
emaj-58	95	41	.	.	PUNCT
emaj-58	96	1	therefore	therefore	ADV
emaj-58	96	2	,	,	PUNCT
emaj-58	96	3	the	the	DET
emaj-58	96	4	sample	sample	NOUN
emaj-58	96	5	series	series	NOUN
emaj-58	96	6	of	of	ADP
emaj-58	96	7	weekly	weekly	ADJ
emaj-58	96	8	returns	return	NOUN
emaj-58	96	9	exhibits	exhibit	VERB
emaj-58	96	10	weakly	weakly	ADJ
emaj-58	96	11	positive	positive	ADJ
emaj-58	96	12	correlation	correlation	NOUN
emaj-58	96	13	during	during	ADP
emaj-58	96	14	the	the	DET
emaj-58	96	15	sample	sample	NOUN
emaj-58	96	16	period	period	NOUN
emaj-58	96	17	.	.	PUNCT
emaj-58	97	1	granger	granger	PROPN
emaj-58	97	2	causality	causality	PROPN
emaj-58	97	3	test	test	NOUN
emaj-58	97	4	could	could	AUX
emaj-58	97	5	check	check	VERB
emaj-58	97	6	the	the	DET
emaj-58	97	7	direction	direction	NOUN
emaj-58	97	8	of	of	ADP
emaj-58	97	9	causality	causality	NOUN
emaj-58	97	10	between	between	ADP
emaj-58	97	11	any	any	DET
emaj-58	97	12	two	two	NUM
emaj-58	97	13	variables	variable	NOUN
emaj-58	97	14	and	and	CCONJ
emaj-58	97	15	the	the	DET
emaj-58	97	16	results	result	NOUN
emaj-58	97	17	could	could	AUX
emaj-58	97	18	be	be	AUX
emaj-58	97	19	used	use	VERB
emaj-58	97	20	to	to	PART
emaj-58	97	21	judge	judge	VERB
emaj-58	97	22	the	the	DET
emaj-58	97	23	mutual	mutual	ADJ
emaj-58	97	24	prediction	prediction	NOUN
emaj-58	97	25	power	power	NOUN
emaj-58	97	26	.	.	PUNCT
emaj-58	98	1	the	the	DET
emaj-58	98	2	lag	lag	NOUN
emaj-58	98	3	length	length	NOUN
emaj-58	98	4	is	be	AUX
emaj-58	98	5	determined	determine	VERB
emaj-58	98	6	by	by	ADP
emaj-58	98	7	the	the	DET
emaj-58	98	8	akaike	akaike	ADJ
emaj-58	98	9	information	information	NOUN
emaj-58	98	10	criterion	criterion	NOUN
emaj-58	98	11	and	and	CCONJ
emaj-58	98	12	schwarz	schwarz	NOUN
emaj-58	98	13	information	information	NOUN
emaj-58	98	14	criterion	criterion	NOUN
emaj-58	98	15	.	.	PUNCT
emaj-58	99	1	as	as	SCONJ
emaj-58	99	2	shown	show	VERB
emaj-58	99	3	in	in	ADP
emaj-58	99	4	table	table	NOUN
emaj-58	99	5	2	2	NUM
emaj-58	99	6	,	,	PUNCT
emaj-58	99	7	the	the	DET
emaj-58	99	8	results	result	NOUN
emaj-58	99	9	suggest	suggest	VERB
emaj-58	99	10	that	that	SCONJ
emaj-58	99	11	ru	ru	PROPN
emaj-58	99	12	does	do	AUX
emaj-58	99	13	granger	granger	PROPN
emaj-58	99	14	cause	cause	VERB
emaj-58	99	15	sh	sh	PROPN
emaj-58	99	16	,	,	PUNCT
emaj-58	99	17	while	while	SCONJ
emaj-58	99	18	there	there	PRON
emaj-58	99	19	is	be	VERB
emaj-58	99	20	no	no	DET
emaj-58	99	21	statistically	statistically	ADJ
emaj-58	99	22	causality	causality	NOUN
emaj-58	99	23	between	between	ADP
emaj-58	99	24	sh	sh	PROPN
emaj-58	99	25	and	and	CCONJ
emaj-58	99	26	in	in	ADV
emaj-58	99	27	,	,	PUNCT
emaj-58	99	28	and	and	CCONJ
emaj-58	99	29	there	there	PRON
emaj-58	99	30	is	be	VERB
emaj-58	99	31	a	a	DET
emaj-58	99	32	bilateral	bilateral	ADJ
emaj-58	99	33	causality	causality	NOUN
emaj-58	99	34	between	between	ADP
emaj-58	99	35	ru	ru	PROPN
emaj-58	99	36	and	and	CCONJ
emaj-58	99	37	in	in	ADP
emaj-58	99	38	at	at	ADP
emaj-58	99	39	5	5	NUM
emaj-58	99	40	%	%	NOUN
emaj-58	99	41	level	level	NOUN
emaj-58	99	42	.	.	PUNCT
emaj-58	100	1	table	table	NOUN
emaj-58	100	2	2	2	NUM
emaj-58	100	3	results	result	NOUN
emaj-58	100	4	for	for	ADP
emaj-58	100	5	granger	granger	PROPN
emaj-58	100	6	causality	causality	NOUN
emaj-58	100	7	tests	test	VERB
emaj-58	100	8	pairwise	pairwise	NOUN
emaj-58	100	9	granger	granger	NOUN
emaj-58	100	10	causality	causality	NOUN
emaj-58	100	11	tests	test	NOUN
emaj-58	100	12	sample:1	sample:1	VERB
emaj-58	100	13	746	746	NUM
emaj-58	100	14	;	;	PUNCT
emaj-58	100	15	number	number	NOUN
emaj-58	100	16	of	of	ADP
emaj-58	100	17	lag:12	lag:12	ADV
emaj-58	100	18	the	the	DET
emaj-58	100	19	null	null	ADJ
emaj-58	100	20	hypothesis	hypothesis	NOUN
emaj-58	100	21	h0	h0	NOUN
emaj-58	100	22	direction	direction	NOUN
emaj-58	100	23	of	of	ADP
emaj-58	100	24	causality	causality	NOUN
emaj-58	100	25	obs	obs	PROPN
emaj-58	100	26	.	.	PUNCT
emaj-58	101	1	f	f	X
emaj-58	101	2	-	-	PUNCT
emaj-58	101	3	value	value	NOUN
emaj-58	101	4	p	p	NOUN
emaj-58	101	5	-	-	PUNCT
emaj-58	101	6	value	value	NOUN
emaj-58	101	7	decision	decision	NOUN
emaj-58	101	8	ru	ru	NOUN
emaj-58	101	9	does	do	AUX
emaj-58	101	10	n’t	not	PART
emaj-58	101	11	granger	granger	NOUN
emaj-58	101	12	cause	cause	VERB
emaj-58	101	13	sh	sh	INTJ
emaj-58	101	14	sh	sh	PROPN
emaj-58	101	15	cg	cg	PROPN
emaj-58	101	16	ru	ru	PROPN
emaj-58	101	17			VERB
emaj-58	101	18			NOUN
emaj-58	101	19	..	..	PUNCT
emaj-58	101	20	ru	ru	PROPN
emaj-58	101	21	cg	cg	INTJ
emaj-58	101	22	sh	sh	PROPN
emaj-58	101	23			VERB
emaj-58	101	24			NOUN
emaj-58	101	25	..	..	PUNCT
emaj-58	101	26	734	734	NUM
emaj-58	101	27	1.5559	1.5559	NUM
emaj-58	101	28	0.0997	0.0997	NUM
emaj-58	101	29	*	*	PUNCT
emaj-58	101	30	*	*	PUNCT
emaj-58	101	31	*	*	AUX
emaj-58	101	32	reject	reject	VERB
emaj-58	101	33	sh	sh	PROPN
emaj-58	101	34	does	do	AUX
emaj-58	101	35	n’t	not	PART
emaj-58	101	36	granger	granger	PROPN
emaj-58	101	37	cause	cause	VERB
emaj-58	101	38	ru	ru	PROPN
emaj-58	101	39	1.0071	1.0071	NUM
emaj-58	101	40	0.4402	0.4402	NUM
emaj-58	101	41	do	do	AUX
emaj-58	101	42	not	not	PART
emaj-58	101	43	reject	reject	VERB
emaj-58	101	44	in	in	ADP
emaj-58	101	45	does	do	AUX
emaj-58	101	46	n’t	not	PART
emaj-58	101	47	granger	granger	PROPN
emaj-58	101	48	cause	cause	VERB
emaj-58	101	49	sh	sh	INTJ
emaj-58	101	50	sh	sh	INTJ
emaj-58	101	51	cg	cg	PROPN
emaj-58	101	52	in	in	ADP
emaj-58	101	53			NOUN
emaj-58	101	54			NOUN
emaj-58	101	55	..	..	PUNCT
emaj-58	101	56	in	in	ADP
emaj-58	101	57	cg	cg	NOUN
emaj-58	101	58	sh	sh	INTJ
emaj-58	101	59			VERB
emaj-58	101	60			NOUN
emaj-58	101	61	..	..	PUNCT
emaj-58	101	62	734	734	NUM
emaj-58	101	63	1.1702	1.1702	NUM
emaj-58	101	64	0.3005	0.3005	NUM
emaj-58	101	65	do	do	AUX
emaj-58	101	66	not	not	PART
emaj-58	101	67	reject	reject	VERB
emaj-58	101	68	sh	sh	PROPN
emaj-58	101	69	does	do	AUX
emaj-58	101	70	n’t	not	PART
emaj-58	101	71	granger	granger	NOUN
emaj-58	101	72	cause	cause	VERB
emaj-58	101	73	in	in	ADP
emaj-58	101	74	0.5295	0.5295	NUM
emaj-58	101	75	0.8962	0.8962	NUM
emaj-58	101	76	do	do	AUX
emaj-58	101	77	not	not	PART
emaj-58	101	78	reject	reject	VERB
emaj-58	101	79	in	in	ADP
emaj-58	101	80	does	do	AUX
emaj-58	101	81	n’t	not	PART
emaj-58	101	82	granger	granger	PROPN
emaj-58	101	83	cause	cause	VERB
emaj-58	101	84	ru	ru	PROPN
emaj-58	101	85	ru	ru	PROPN
emaj-58	101	86	cg	cg	PROPN
emaj-58	101	87	in	in	ADP
emaj-58	101	88			NOUN
emaj-58	101	89			NOUN
emaj-58	101	90	..	..	PUNCT
emaj-58	101	91	in	in	ADP
emaj-58	101	92	cg	cg	NOUN
emaj-58	101	93	ru	ru	NOUN
emaj-58	101	94			VERB
emaj-58	101	95			NOUN
emaj-58	101	96	..	..	PUNCT
emaj-58	101	97	734	734	NUM
emaj-58	101	98	1.9725	1.9725	NUM
emaj-58	101	99	0.0242	0.0242	NUM
emaj-58	101	100	*	*	PUNCT
emaj-58	101	101	*	*	PUNCT
emaj-58	101	102	reject	reject	VERB
emaj-58	101	103	ru	ru	PROPN
emaj-58	101	104	does	do	AUX
emaj-58	101	105	n’t	not	PART
emaj-58	101	106	granger	granger	NOUN
emaj-58	101	107	cause	cause	VERB
emaj-58	101	108	in	in	ADP
emaj-58	101	109	1.9451	1.9451	NUM
emaj-58	101	110	0.0267	0.0267	NUM
emaj-58	101	111	*	*	PUNCT
emaj-58	101	112	*	*	PUNCT
emaj-58	101	113	reject	reject	NOUN
emaj-58	101	114	note	note	NOUN
emaj-58	101	115	:	:	PUNCT
emaj-58	101	116	*	*	PUNCT
emaj-58	101	117	represents	represent	VERB
emaj-58	101	118	statistical	statistical	ADJ
emaj-58	101	119	significance	significance	NOUN
emaj-58	101	120	at	at	ADP
emaj-58	101	121	1	1	NUM
emaj-58	101	122	%	%	NOUN
emaj-58	101	123	level	level	NOUN
emaj-58	101	124	;	;	PUNCT
emaj-58	101	125	*	*	PUNCT
emaj-58	101	126	*	*	PUNCT
emaj-58	101	127	represents	represent	VERB
emaj-58	101	128	statistical	statistical	ADJ
emaj-58	101	129	significance	significance	NOUN
emaj-58	101	130	at	at	ADP
emaj-58	101	131	5	5	NUM
emaj-58	101	132	%	%	NOUN
emaj-58	101	133	level	level	NOUN
emaj-58	101	134	;	;	PUNCT
emaj-58	101	135	*	*	PUNCT
emaj-58	101	136	*	*	PUNCT
emaj-58	101	137	*	*	PUNCT
emaj-58	101	138	represents	represent	VERB
emaj-58	101	139	statistical	statistical	ADJ
emaj-58	101	140	significance	significance	NOUN
emaj-58	101	141	at	at	ADP
emaj-58	101	142	10	10	NUM
emaj-58	101	143	%	%	NOUN
emaj-58	101	144	level	level	NOUN
emaj-58	101	145	.	.	PUNCT
emaj-58	102	1	4.2.2	4.2.2	NUM
emaj-58	102	2	impulse	impulse	ADJ
emaj-58	102	3	response	response	NOUN
emaj-58	102	4	function	function	VERB
emaj-58	102	5	analysis	analysis	NOUN
emaj-58	102	6	according	accord	VERB
emaj-58	102	7	to	to	ADP
emaj-58	102	8	the	the	DET
emaj-58	102	9	impulse	impulse	ADJ
emaj-58	102	10	response	response	NOUN
emaj-58	102	11	function	function	NOUN
emaj-58	102	12	,	,	PUNCT
emaj-58	102	13	when	when	SCONJ
emaj-58	102	14	exerted	exert	VERB
emaj-58	102	15	one	one	NUM
emaj-58	102	16	unit	unit	NOUN
emaj-58	102	17	standard	standard	ADJ
emaj-58	102	18	deviation	deviation	NOUN
emaj-58	102	19	shock	shock	NOUN
emaj-58	102	20	to	to	ADP
emaj-58	102	21	a	a	DET
emaj-58	102	22	variable	variable	NOUN
emaj-58	102	23	in	in	ADP
emaj-58	102	24	var	var	NOUN
emaj-58	102	25	at	at	ADP
emaj-58	102	26	period	period	NOUN
emaj-58	102	27	1	1	NUM
emaj-58	102	28	,	,	PUNCT
emaj-58	102	29	all	all	DET
emaj-58	102	30	variables	variable	NOUN
emaj-58	102	31	in	in	ADP
emaj-58	102	32	the	the	DET
emaj-58	102	33	var	var	NOUN
emaj-58	102	34	system	system	NOUN
emaj-58	102	35	will	will	AUX
emaj-58	102	36	respond	respond	VERB
emaj-58	102	37	in	in	ADP
emaj-58	102	38	subsequent	subsequent	ADJ
emaj-58	102	39	periods	period	NOUN
emaj-58	102	40	.	.	PUNCT
emaj-58	103	1	figure	figure	NOUN
emaj-58	103	2	1	1	NUM
emaj-58	103	3	reports	report	NOUN
emaj-58	103	4	the	the	DET
emaj-58	103	5	accumulated	accumulate	VERB
emaj-58	103	6	response	response	NOUN
emaj-58	103	7	in	in	ADP
emaj-58	103	8	the	the	DET
emaj-58	103	9	first	first	ADJ
emaj-58	103	10	12	12	NUM
emaj-58	103	11	weeks	week	NOUN
emaj-58	103	12	,	,	PUNCT
emaj-58	103	13	and	and	CCONJ
emaj-58	103	14	the	the	DET
emaj-58	103	15	results	result	NOUN
emaj-58	103	16	have	have	AUX
emaj-58	103	17	following	follow	VERB
emaj-58	103	18	features	feature	NOUN
emaj-58	103	19	:	:	PUNCT
emaj-58	103	20	first	first	ADV
emaj-58	103	21	,	,	PUNCT
emaj-58	103	22	the	the	DET
emaj-58	103	23	accumulated	accumulate	VERB
emaj-58	103	24	response	response	NOUN
emaj-58	103	25	of	of	ADP
emaj-58	103	26	variables	variable	NOUN
emaj-58	103	27	in	in	ADP
emaj-58	103	28	the	the	DET
emaj-58	103	29	var	var	NOUN
emaj-58	103	30	system	system	NOUN
emaj-58	103	31	changes	change	NOUN
emaj-58	103	32	obviously	obviously	ADV
emaj-58	103	33	in	in	ADP
emaj-58	103	34	the	the	DET
emaj-58	103	35	first	first	ADJ
emaj-58	103	36	5	5	NUM
emaj-58	103	37	weeks	week	NOUN
emaj-58	103	38	,	,	PUNCT
emaj-58	103	39	when	when	SCONJ
emaj-58	103	40	a	a	DET
emaj-58	103	41	variable	variable	NOUN
emaj-58	103	42	is	be	AUX
emaj-58	103	43	exerted	exert	VERB
emaj-58	103	44	one	one	NUM
emaj-58	103	45	unit	unit	NOUN
emaj-58	103	46	standard	standard	ADJ
emaj-58	103	47	deviation	deviation	NOUN
emaj-58	103	48	shock	shock	NOUN
emaj-58	103	49	.	.	PUNCT
emaj-58	104	1	this	this	DET
emaj-58	104	2	time	time	NOUN
emaj-58	104	3	pattern	pattern	NOUN
emaj-58	104	4	suggests	suggest	VERB
emaj-58	104	5	that	that	SCONJ
emaj-58	104	6	the	the	DET
emaj-58	104	7	accumulated	accumulate	VERB
emaj-58	104	8	response	response	NOUN
emaj-58	104	9	values	value	NOUN
emaj-58	104	10	usually	usually	ADV
emaj-58	104	11	approximate	approximate	VERB
emaj-58	104	12	steady	steady	ADJ
emaj-58	104	13	in	in	ADP
emaj-58	104	14	the	the	DET
emaj-58	104	15	6th	6th	ADJ
emaj-58	104	16	or	or	CCONJ
emaj-58	104	17	7th	7th	ADJ
emaj-58	104	18	week	week	NOUN
emaj-58	104	19	and	and	CCONJ
emaj-58	104	20	almost	almost	ADV
emaj-58	104	21	there	there	PRON
emaj-58	104	22	is	be	VERB
emaj-58	104	23	no	no	DET
emaj-58	104	24	changes	change	NOUN
emaj-58	104	25	after	after	ADP
emaj-58	104	26	the	the	DET
emaj-58	104	27	8th	8th	ADJ
emaj-58	104	28	week	week	NOUN
emaj-58	104	29	,	,	PUNCT
emaj-58	104	30	and	and	CCONJ
emaj-58	104	31	the	the	DET
emaj-58	104	32	impact	impact	NOUN
emaj-58	104	33	of	of	ADP
emaj-58	104	34	new	new	ADJ
emaj-58	104	35	innovations	innovation	NOUN
emaj-58	104	36	lasts	last	VERB
emaj-58	104	37	for	for	ADP
emaj-58	104	38	about	about	ADV
emaj-58	104	39	5	5	NUM
emaj-58	104	40	or	or	CCONJ
emaj-58	104	41	6	6	NUM
emaj-58	104	42	weeks	week	NOUN
emaj-58	104	43	and	and	CCONJ
emaj-58	104	44	it	it	PRON
emaj-58	104	45	will	will	AUX
emaj-58	104	46	die	die	VERB
emaj-58	104	47	out	out	ADP
emaj-58	104	48	after	after	ADP
emaj-58	104	49	the	the	DET
emaj-58	104	50	8th	8th	ADJ
emaj-58	104	51	week	week	NOUN
emaj-58	104	52	.	.	PUNCT
emaj-58	105	1	therefore	therefore	ADV
emaj-58	105	2	,	,	PUNCT
emaj-58	105	3	the	the	DET
emaj-58	105	4	impact	impact	NOUN
emaj-58	105	5	of	of	ADP
emaj-58	105	6	price	price	NOUN
emaj-58	105	7	shock	shock	NOUN
emaj-58	105	8	among	among	ADP
emaj-58	105	9	china	china	PROPN
emaj-58	105	10	,	,	PUNCT
emaj-58	105	11	russian	russian	PROPN
emaj-58	105	12	and	and	CCONJ
emaj-58	105	13	india	india	PROPN
emaj-58	105	14	usually	usually	ADV
emaj-58	105	15	lasts	last	VERB
emaj-58	105	16	for	for	ADP
emaj-58	105	17	about	about	ADV
emaj-58	105	18	5	5	NUM
emaj-58	105	19	-	-	SYM
emaj-58	105	20	6	6	NUM
emaj-58	105	21	weeks	week	NOUN
emaj-58	105	22	observing	observe	VERB
emaj-58	105	23	from	from	ADP
emaj-58	105	24	the	the	DET
emaj-58	105	25	reaction	reaction	NOUN
emaj-58	105	26	time	time	NOUN
emaj-58	105	27	perspective	perspective	PROPN
emaj-58	105	28	.	.	PUNCT
emaj-58	106	1	second	second	ADJ
emaj-58	106	2	,	,	PUNCT
emaj-58	106	3	the	the	DET
emaj-58	106	4	reaction	reaction	NOUN
emaj-58	106	5	mode	mode	NOUN
emaj-58	106	6	(	(	PUNCT
emaj-58	106	7	including	include	VERB
emaj-58	106	8	direction	direction	NOUN
emaj-58	106	9	and	and	CCONJ
emaj-58	106	10	magnitude	magnitude	NOUN
emaj-58	106	11	)	)	PUNCT
emaj-58	106	12	of	of	ADP
emaj-58	106	13	sample	sample	NOUN
emaj-58	106	14	variables	variable	NOUN
emaj-58	106	15	in	in	ADP
emaj-58	106	16	the	the	DET
emaj-58	106	17	var	var	NOUN
emaj-58	106	18	system	system	NOUN
emaj-58	106	19	is	be	AUX
emaj-58	106	20	obviously	obviously	ADV
emaj-58	106	21	different	different	ADJ
emaj-58	106	22	from	from	ADP
emaj-58	106	23	each	each	DET
emaj-58	106	24	other	other	ADJ
emaj-58	106	25	.	.	PUNCT
emaj-58	107	1	generally	generally	ADV
emaj-58	107	2	,	,	PUNCT
emaj-58	107	3	the	the	DET
emaj-58	107	4	accumulated	accumulate	VERB
emaj-58	107	5	response	response	NOUN
emaj-58	107	6	deriving	derive	VERB
emaj-58	107	7	from	from	ADP
emaj-58	107	8	the	the	DET
emaj-58	107	9	shock	shock	NOUN
emaj-58	107	10	of	of	ADP
emaj-58	107	11	itself	itself	PRON
emaj-58	107	12	is	be	AUX
emaj-58	107	13	the	the	DET
emaj-58	107	14	intensest	intensest	NOUN
emaj-58	107	15	and	and	CCONJ
emaj-58	107	16	the	the	DET
emaj-58	107	17	direction	direction	NOUN
emaj-58	107	18	is	be	AUX
emaj-58	107	19	positive	positive	ADJ
emaj-58	107	20	;	;	PUNCT
emaj-58	107	21	the	the	DET
emaj-58	107	22	accumulated	accumulate	VERB
emaj-58	107	23	response	response	NOUN
emaj-58	107	24	to	to	ADP
emaj-58	107	25	external	external	ADJ
emaj-58	107	26	markets	market	NOUN
emaj-58	107	27	is	be	AUX
emaj-58	107	28	much	much	ADV
emaj-58	107	29	more	more	ADV
emaj-58	107	30	tepid	tepid	ADJ
emaj-58	107	31	.	.	PUNCT
emaj-58	108	1	besides	besides	SCONJ
emaj-58	108	2	,	,	PUNCT
emaj-58	108	3	the	the	DET
emaj-58	108	4	direction	direction	NOUN
emaj-58	108	5	and	and	CCONJ
emaj-58	108	6	magnitude	magnitude	NOUN
emaj-58	108	7	of	of	ADP
emaj-58	108	8	reaction	reaction	NOUN
emaj-58	108	9	for	for	ADP
emaj-58	108	10	three	three	NUM
emaj-58	108	11	markets	market	NOUN
emaj-58	108	12	to	to	ADP
emaj-58	108	13	the	the	DET
emaj-58	108	14	price	price	NOUN
emaj-58	108	15	shock	shock	NOUN
emaj-58	108	16	are	be	AUX
emaj-58	108	17	also	also	ADV
emaj-58	108	18	different	different	ADJ
emaj-58	108	19	significantly	significantly	ADV
emaj-58	108	20	.	.	PUNCT
emaj-58	109	1	third	third	ADV
emaj-58	109	2	,	,	PUNCT
emaj-58	109	3	the	the	DET
emaj-58	109	4	final	final	ADJ
emaj-58	109	5	convergence	convergence	NOUN
emaj-58	109	6	levels	level	NOUN
emaj-58	109	7	for	for	ADP
emaj-58	109	8	the	the	DET
emaj-58	109	9	response	response	NOUN
emaj-58	109	10	to	to	ADP
emaj-58	109	11	price	price	NOUN
emaj-58	109	12	shock	shock	NOUN
emaj-58	109	13	are	be	AUX
emaj-58	109	14	obviously	obviously	ADV
emaj-58	109	15	different	different	ADJ
emaj-58	109	16	from	from	ADP
emaj-58	109	17	each	each	DET
emaj-58	109	18	other	other	ADJ
emaj-58	109	19	.	.	PUNCT
emaj-58	110	1	the	the	DET
emaj-58	110	2	accumulated	accumulate	VERB
emaj-58	110	3	response	response	NOUN
emaj-58	110	4	of	of	ADP
emaj-58	110	5	shanghai	shanghai	PROPN
emaj-58	110	6	stock	stock	NOUN
emaj-58	110	7	market	market	NOUN
emaj-58	110	8	is	be	AUX
emaj-58	110	9	positive	positive	ADJ
emaj-58	110	10	and	and	CCONJ
emaj-58	110	11	converges	converge	VERB
emaj-58	110	12	to	to	ADP
emaj-58	110	13	the	the	DET
emaj-58	110	14	level	level	NOUN
emaj-58	110	15	of	of	ADP
emaj-58	110	16	about	about	ADP
emaj-58	110	17	0.0415	0.0415	NUM
emaj-58	110	18	,	,	PUNCT
emaj-58	110	19	0.0066	0.0066	NUM
emaj-58	110	20	and	and	CCONJ
emaj-58	110	21	0.0052	0.0052	NUM
emaj-58	110	22	,	,	PUNCT
emaj-58	110	23	respectively	respectively	ADV
emaj-58	110	24	for	for	ADP
emaj-58	110	25	the	the	DET
emaj-58	110	26	price	price	NOUN
emaj-58	110	27	shock	shock	NOUN
emaj-58	110	28	coming	come	VERB
emaj-58	110	29	from	from	ADP
emaj-58	110	30	china	china	PROPN
emaj-58	110	31	,	,	PUNCT
emaj-58	110	32	russia	russia	PROPN
emaj-58	110	33	and	and	CCONJ
emaj-58	110	34	india	india	PROPN
emaj-58	110	35	.	.	PUNCT
emaj-58	111	1	meanwhile	meanwhile	ADV
emaj-58	111	2	,	,	PUNCT
emaj-58	111	3	the	the	DET
emaj-58	111	4	accumulated	accumulate	VERB
emaj-58	111	5	response	response	NOUN
emaj-58	111	6	of	of	ADP
emaj-58	111	7	russian	russian	ADJ
emaj-58	111	8	stock	stock	NOUN
emaj-58	111	9	market	market	NOUN
emaj-58	111	10	converges	converge	VERB
emaj-58	111	11	to	to	ADP
emaj-58	111	12	the	the	DET
emaj-58	111	13	level	level	NOUN
emaj-58	111	14	of	of	ADP
emaj-58	111	15	about	about	ADV
emaj-58	111	16	0.0055	0.0055	NUM
emaj-58	111	17	,	,	PUNCT
emaj-58	111	18	0.0710	0.0710	NUM
emaj-58	111	19	and	and	CCONJ
emaj-58	111	20	-0.0054	-0.0054	NOUN
emaj-58	111	21	,	,	PUNCT
emaj-58	111	22	respectively	respectively	ADV
emaj-58	111	23	for	for	ADP
emaj-58	111	24	the	the	DET
emaj-58	111	25	price	price	NOUN
emaj-58	111	26	shock	shock	NOUN
emaj-58	111	27	coming	come	VERB
emaj-58	111	28	from	from	ADP
emaj-58	111	29	china	china	PROPN
emaj-58	111	30	,	,	PUNCT
emaj-58	111	31	russia	russia	PROPN
emaj-58	111	32	and	and	CCONJ
emaj-58	111	33	india	india	PROPN
emaj-58	111	34	.	.	PUNCT
emaj-58	112	1	besides	besides	SCONJ
emaj-58	112	2	,	,	PUNCT
emaj-58	112	3	the	the	DET
emaj-58	112	4	accumulated	accumulate	VERB
emaj-58	112	5	response	response	NOUN
emaj-58	112	6	of	of	ADP
emaj-58	112	7	indian	indian	ADJ
emaj-58	112	8	stock	stock	NOUN
emaj-58	112	9	market	market	NOUN
emaj-58	112	10	converges	converge	VERB
emaj-58	112	11	to	to	ADP
emaj-58	112	12	the	the	DET
emaj-58	112	13	level	level	NOUN
emaj-58	112	14	of	of	ADP
emaj-58	112	15	around	around	ADV
emaj-58	112	16	0.0075	0.0075	NUM
emaj-58	112	17	and	and	CCONJ
emaj-58	112	18	0.0354	0.0354	NUM
emaj-58	112	19	,	,	PUNCT
emaj-58	112	20	respectively	respectively	ADV
emaj-58	112	21	for	for	ADP
emaj-58	112	22	the	the	DET
emaj-58	112	23	price	price	NOUN
emaj-58	112	24	shock	shock	NOUN
emaj-58	112	25	coming	come	VERB
emaj-58	112	26	from	from	ADP
emaj-58	112	27	russia	russia	PROPN
emaj-58	112	28	and	and	CCONJ
emaj-58	112	29	india	india	PROPN
emaj-58	112	30	,	,	PUNCT
emaj-58	112	31	while	while	SCONJ
emaj-58	112	32	the	the	DET
emaj-58	112	33	reaction	reaction	NOUN
emaj-58	112	34	of	of	ADP
emaj-58	112	35	indian	indian	ADJ
emaj-58	112	36	market	market	NOUN
emaj-58	112	37	converges	converge	NOUN
emaj-58	112	38	to	to	ADP
emaj-58	112	39	the	the	DET
emaj-58	112	40	level	level	NOUN
emaj-58	112	41	near	near	ADP
emaj-58	112	42	0	0	NUM
emaj-58	112	43	for	for	ADP
emaj-58	112	44	the	the	DET
emaj-58	112	45	shock	shock	NOUN
emaj-58	112	46	from	from	ADP
emaj-58	112	47	china	china	PROPN
emaj-58	112	48	.	.	PUNCT
emaj-58	113	1	from	from	ADP
emaj-58	113	2	above	above	ADV
emaj-58	113	3	,	,	PUNCT
emaj-58	113	4	the	the	DET
emaj-58	113	5	russian	russian	ADJ
emaj-58	113	6	and	and	CCONJ
emaj-58	113	7	indian	indian	ADJ
emaj-58	113	8	volume	volume	NOUN
emaj-58	113	9	4	4	NUM
emaj-58	113	10	no	no	DET
emaj-58	113	11	1	1	NUM
emaj-58	113	12	(	(	PUNCT
emaj-58	113	13	2014	2014	NUM
emaj-58	113	14	)	)	PUNCT
emaj-58	113	15	|	|	ADV
emaj-58	113	16	issn	issn	VERB
emaj-58	113	17	2158	2158	NUM
emaj-58	113	18	-	-	SYM
emaj-58	113	19	8708	8708	NUM
emaj-58	113	20	(	(	PUNCT
emaj-58	113	21	online	online	NOUN
emaj-58	113	22	)	)	PUNCT
emaj-58	113	23	|	|	ADV
emaj-58	113	24	doi	doi	X
emaj-58	113	25	10.5195	10.5195	NUM
emaj-58	113	26	/	/	SYM
emaj-58	113	27	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	113	28	|	|	NOUN
emaj-58	113	29	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-58	113	30	study	study	NOUN
emaj-58	113	31	on	on	ADP
emaj-58	113	32	the	the	DET
emaj-58	113	33	shock	shock	NOUN
emaj-58	113	34	-	-	PUNCT
emaj-58	113	35	transmission	transmission	NOUN
emaj-58	113	36	mechanism	mechanism	NOUN
emaj-58	113	37	of	of	ADP
emaj-58	113	38	stock	stock	NOUN
emaj-58	113	39	price	price	NOUN
emaj-58	113	40	among	among	ADP
emaj-58	113	41	china	china	PROPN
emaj-58	113	42	,	,	PUNCT
emaj-58	113	43	russia	russia	PROPN
emaj-58	113	44	and	and	CCONJ
emaj-58	113	45	india	india	PROPN
emaj-58	113	46	emerging	emerge	VERB
emaj-58	113	47	markets	market	NOUN
emaj-58	113	48	journal	journal	NOUN
emaj-58	114	1	|	|	ADV
emaj-58	114	2	p	p	NOUN
emaj-58	114	3	a	a	DET
emaj-58	114	4	g	g	NOUN
emaj-58	114	5	e	e	NOUN
emaj-58	114	6	|38	|38	NOUN
emaj-58	114	7	stock	stock	NOUN
emaj-58	114	8	markets	market	NOUN
emaj-58	114	9	have	have	VERB
emaj-58	114	10	an	an	DET
emaj-58	114	11	almost	almost	ADV
emaj-58	114	12	similar	similar	ADJ
emaj-58	114	13	influence	influence	NOUN
emaj-58	114	14	on	on	ADP
emaj-58	114	15	the	the	DET
emaj-58	114	16	shanghai	shanghai	PROPN
emaj-58	114	17	stock	stock	NOUN
emaj-58	114	18	market	market	NOUN
emaj-58	114	19	;	;	PUNCT
emaj-58	114	20	the	the	DET
emaj-58	114	21	impact	impact	NOUN
emaj-58	114	22	of	of	ADP
emaj-58	114	23	the	the	DET
emaj-58	114	24	chinese	chinese	ADJ
emaj-58	114	25	stock	stock	NOUN
emaj-58	114	26	market	market	NOUN
emaj-58	114	27	on	on	ADP
emaj-58	114	28	the	the	DET
emaj-58	114	29	russian	russian	ADJ
emaj-58	114	30	stock	stock	NOUN
emaj-58	114	31	market	market	NOUN
emaj-58	114	32	is	be	AUX
emaj-58	114	33	significantly	significantly	ADV
emaj-58	114	34	different	different	ADJ
emaj-58	114	35	from	from	ADP
emaj-58	114	36	that	that	PRON
emaj-58	114	37	of	of	ADP
emaj-58	114	38	the	the	DET
emaj-58	114	39	indian	indian	ADJ
emaj-58	114	40	stock	stock	NOUN
emaj-58	114	41	market	market	NOUN
emaj-58	114	42	on	on	ADP
emaj-58	114	43	the	the	DET
emaj-58	114	44	russian	russian	ADJ
emaj-58	114	45	stock	stock	NOUN
emaj-58	114	46	market	market	NOUN
emaj-58	114	47	,	,	PUNCT
emaj-58	114	48	along	along	ADP
emaj-58	114	49	with	with	ADP
emaj-58	114	50	an	an	DET
emaj-58	114	51	opposite	opposite	ADJ
emaj-58	114	52	response	response	NOUN
emaj-58	114	53	direction	direction	NOUN
emaj-58	114	54	;	;	PUNCT
emaj-58	114	55	the	the	DET
emaj-58	114	56	chinese	chinese	ADJ
emaj-58	114	57	stock	stock	NOUN
emaj-58	114	58	market	market	NOUN
emaj-58	114	59	almost	almost	ADV
emaj-58	114	60	has	have	VERB
emaj-58	114	61	no	no	DET
emaj-58	114	62	impact	impact	NOUN
emaj-58	114	63	on	on	ADP
emaj-58	114	64	the	the	DET
emaj-58	114	65	indian	indian	ADJ
emaj-58	114	66	stock	stock	NOUN
emaj-58	114	67	market	market	NOUN
emaj-58	114	68	,	,	PUNCT
emaj-58	114	69	while	while	SCONJ
emaj-58	114	70	the	the	DET
emaj-58	114	71	russian	russian	ADJ
emaj-58	114	72	market	market	NOUN
emaj-58	114	73	has	have	VERB
emaj-58	114	74	a	a	DET
emaj-58	114	75	certain	certain	ADJ
emaj-58	114	76	influence	influence	NOUN
emaj-58	114	77	on	on	ADP
emaj-58	114	78	the	the	DET
emaj-58	114	79	indian	indian	ADJ
emaj-58	114	80	market	market	NOUN
emaj-58	114	81	.	.	PUNCT
emaj-58	115	1	finally	finally	ADV
emaj-58	115	2	,	,	PUNCT
emaj-58	115	3	the	the	DET
emaj-58	115	4	transmission	transmission	NOUN
emaj-58	115	5	-	-	PUNCT
emaj-58	115	6	mechanism	mechanism	NOUN
emaj-58	115	7	of	of	ADP
emaj-58	115	8	variables	variable	NOUN
emaj-58	115	9	in	in	ADP
emaj-58	115	10	var	var	NOUN
emaj-58	115	11	system	system	NOUN
emaj-58	115	12	is	be	AUX
emaj-58	115	13	different	different	ADJ
emaj-58	115	14	from	from	ADP
emaj-58	115	15	each	each	DET
emaj-58	115	16	other	other	ADJ
emaj-58	115	17	and	and	CCONJ
emaj-58	115	18	is	be	AUX
emaj-58	115	19	obviously	obviously	ADV
emaj-58	115	20	irregular	irregular	ADJ
emaj-58	115	21	.	.	PUNCT
emaj-58	116	1	1	1	X
emaj-58	116	2	)	)	PUNCT
emaj-58	116	3	the	the	DET
emaj-58	116	4	shanghai	shanghai	PROPN
emaj-58	116	5	stock	stock	PROPN
emaj-58	116	6	market	market	NOUN
emaj-58	116	7	makes	make	VERB
emaj-58	116	8	a	a	DET
emaj-58	116	9	positive	positive	ADJ
emaj-58	116	10	response	response	NOUN
emaj-58	116	11	from	from	ADP
emaj-58	116	12	the	the	DET
emaj-58	116	13	2th	2th	NOUN
emaj-58	116	14	to	to	ADP
emaj-58	116	15	4th	4th	ADJ
emaj-58	116	16	week	week	NOUN
emaj-58	116	17	to	to	ADP
emaj-58	116	18	a	a	DET
emaj-58	116	19	shock	shock	NOUN
emaj-58	116	20	from	from	ADP
emaj-58	116	21	the	the	DET
emaj-58	116	22	russian	russian	ADJ
emaj-58	116	23	stock	stock	NOUN
emaj-58	116	24	market	market	NOUN
emaj-58	116	25	,	,	PUNCT
emaj-58	116	26	and	and	CCONJ
emaj-58	116	27	a	a	DET
emaj-58	116	28	negative	negative	ADJ
emaj-58	116	29	response	response	NOUN
emaj-58	116	30	in	in	ADP
emaj-58	116	31	the	the	DET
emaj-58	116	32	5th	5th	ADJ
emaj-58	116	33	week	week	NOUN
emaj-58	116	34	and	and	CCONJ
emaj-58	116	35	a	a	DET
emaj-58	116	36	positive	positive	ADJ
emaj-58	116	37	response	response	NOUN
emaj-58	116	38	in	in	ADP
emaj-58	116	39	the	the	DET
emaj-58	116	40	6th	6th	ADJ
emaj-58	116	41	and	and	CCONJ
emaj-58	116	42	7th	7th	ADJ
emaj-58	116	43	week	week	NOUN
emaj-58	116	44	,	,	PUNCT
emaj-58	116	45	while	while	SCONJ
emaj-58	116	46	the	the	DET
emaj-58	116	47	response	response	NOUN
emaj-58	116	48	is	be	AUX
emaj-58	116	49	n’t	not	PART
emaj-58	116	50	significant	significant	ADJ
emaj-58	116	51	after	after	ADP
emaj-58	116	52	the	the	DET
emaj-58	116	53	7th	7th	ADJ
emaj-58	116	54	week	week	NOUN
emaj-58	116	55	.	.	PUNCT
emaj-58	117	1	the	the	DET
emaj-58	117	2	shanghai	shanghai	PROPN
emaj-58	117	3	stock	stock	PROPN
emaj-58	117	4	market	market	NOUN
emaj-58	117	5	makes	make	VERB
emaj-58	117	6	a	a	DET
emaj-58	117	7	positive	positive	ADJ
emaj-58	117	8	response	response	NOUN
emaj-58	117	9	in	in	ADP
emaj-58	117	10	the	the	DET
emaj-58	117	11	2th	2th	ADJ
emaj-58	117	12	,	,	PUNCT
emaj-58	117	13	3th	3th	ADJ
emaj-58	117	14	,	,	PUNCT
emaj-58	117	15	5th	5th	ADJ
emaj-58	117	16	,	,	PUNCT
emaj-58	117	17	6th	6th	ADJ
emaj-58	117	18	and	and	CCONJ
emaj-58	117	19	7th	7th	ADJ
emaj-58	117	20	week	week	NOUN
emaj-58	117	21	to	to	ADP
emaj-58	117	22	a	a	DET
emaj-58	117	23	shock	shock	NOUN
emaj-58	117	24	from	from	ADP
emaj-58	117	25	india	india	PROPN
emaj-58	117	26	except	except	SCONJ
emaj-58	117	27	for	for	ADP
emaj-58	117	28	a	a	DET
emaj-58	117	29	negative	negative	ADJ
emaj-58	117	30	response	response	NOUN
emaj-58	117	31	in	in	ADP
emaj-58	117	32	the	the	DET
emaj-58	117	33	4th	4th	ADJ
emaj-58	117	34	week	week	NOUN
emaj-58	117	35	.	.	PUNCT
emaj-58	118	1	2	2	X
emaj-58	118	2	)	)	PUNCT
emaj-58	118	3	the	the	DET
emaj-58	118	4	russia	russia	PROPN
emaj-58	118	5	stock	stock	NOUN
emaj-58	118	6	market	market	NOUN
emaj-58	118	7	makes	make	VERB
emaj-58	118	8	a	a	DET
emaj-58	118	9	positive	positive	ADJ
emaj-58	118	10	response	response	NOUN
emaj-58	118	11	in	in	ADP
emaj-58	118	12	the	the	DET
emaj-58	118	13	2th	2th	ADJ
emaj-58	118	14	,	,	PUNCT
emaj-58	118	15	3th	3th	ADJ
emaj-58	118	16	,	,	PUNCT
emaj-58	118	17	5th	5th	ADJ
emaj-58	118	18	and	and	CCONJ
emaj-58	118	19	6th	6th	ADJ
emaj-58	118	20	week	week	NOUN
emaj-58	118	21	to	to	ADP
emaj-58	118	22	a	a	DET
emaj-58	118	23	shock	shock	NOUN
emaj-58	118	24	from	from	ADP
emaj-58	118	25	the	the	DET
emaj-58	118	26	shanghai	shanghai	PROPN
emaj-58	118	27	stock	stock	NOUN
emaj-58	118	28	market	market	NOUN
emaj-58	118	29	,	,	PUNCT
emaj-58	118	30	and	and	CCONJ
emaj-58	118	31	a	a	DET
emaj-58	118	32	negative	negative	ADJ
emaj-58	118	33	response	response	NOUN
emaj-58	118	34	in	in	ADP
emaj-58	118	35	the	the	DET
emaj-58	118	36	4th	4th	ADJ
emaj-58	118	37	,	,	PUNCT
emaj-58	118	38	7th	7th	ADJ
emaj-58	118	39	week	week	NOUN
emaj-58	118	40	while	while	SCONJ
emaj-58	118	41	the	the	DET
emaj-58	118	42	response	response	NOUN
emaj-58	118	43	decreases	decrease	VERB
emaj-58	118	44	rapidly	rapidly	ADV
emaj-58	118	45	after	after	ADP
emaj-58	118	46	the	the	DET
emaj-58	118	47	7th	7th	ADJ
emaj-58	118	48	week	week	NOUN
emaj-58	118	49	.	.	PUNCT
emaj-58	119	1	meanwhile	meanwhile	ADV
emaj-58	119	2	,	,	PUNCT
emaj-58	119	3	the	the	DET
emaj-58	119	4	russia	russia	PROPN
emaj-58	119	5	stock	stock	NOUN
emaj-58	119	6	market	market	NOUN
emaj-58	119	7	makes	make	VERB
emaj-58	119	8	a	a	DET
emaj-58	119	9	positive	positive	ADJ
emaj-58	119	10	response	response	NOUN
emaj-58	119	11	in	in	ADP
emaj-58	119	12	the	the	DET
emaj-58	119	13	first	first	ADJ
emaj-58	119	14	two	two	NUM
emaj-58	119	15	weeks	week	NOUN
emaj-58	119	16	to	to	ADP
emaj-58	119	17	a	a	DET
emaj-58	119	18	shock	shock	NOUN
emaj-58	119	19	from	from	ADP
emaj-58	119	20	the	the	DET
emaj-58	119	21	indian	indian	ADJ
emaj-58	119	22	stock	stock	NOUN
emaj-58	119	23	market	market	NOUN
emaj-58	119	24	,	,	PUNCT
emaj-58	119	25	and	and	CCONJ
emaj-58	119	26	a	a	DET
emaj-58	119	27	negative	negative	ADJ
emaj-58	119	28	response	response	NOUN
emaj-58	119	29	from	from	ADP
emaj-58	119	30	the	the	DET
emaj-58	119	31	4th	4th	ADJ
emaj-58	119	32	to	to	ADP
emaj-58	119	33	7th	7th	ADJ
emaj-58	119	34	week	week	NOUN
emaj-58	119	35	and	and	CCONJ
emaj-58	119	36	the	the	DET
emaj-58	119	37	response	response	NOUN
emaj-58	119	38	almost	almost	ADV
emaj-58	119	39	could	could	AUX
emaj-58	119	40	be	be	AUX
emaj-58	119	41	ignored	ignore	VERB
emaj-58	119	42	after	after	ADP
emaj-58	119	43	the	the	DET
emaj-58	119	44	7th	7th	ADJ
emaj-58	119	45	week	week	NOUN
emaj-58	119	46	.	.	PUNCT
emaj-58	120	1	3	3	X
emaj-58	120	2	)	)	PUNCT
emaj-58	120	3	the	the	DET
emaj-58	120	4	indian	indian	ADJ
emaj-58	120	5	stock	stock	NOUN
emaj-58	120	6	market	market	NOUN
emaj-58	120	7	makes	make	VERB
emaj-58	120	8	a	a	DET
emaj-58	120	9	positive	positive	ADJ
emaj-58	120	10	response	response	NOUN
emaj-58	120	11	to	to	ADP
emaj-58	120	12	a	a	DET
emaj-58	120	13	shock	shock	NOUN
emaj-58	120	14	from	from	ADP
emaj-58	120	15	the	the	DET
emaj-58	120	16	russian	russian	ADJ
emaj-58	120	17	stock	stock	NOUN
emaj-58	120	18	market	market	NOUN
emaj-58	120	19	during	during	ADP
emaj-58	120	20	the	the	DET
emaj-58	120	21	2th	2th	NOUN
emaj-58	120	22	to	to	ADP
emaj-58	120	23	4th	4th	ADJ
emaj-58	120	24	week	week	NOUN
emaj-58	120	25	,	,	PUNCT
emaj-58	120	26	and	and	CCONJ
emaj-58	120	27	a	a	DET
emaj-58	120	28	negative	negative	ADJ
emaj-58	120	29	response	response	NOUN
emaj-58	120	30	from	from	ADP
emaj-58	120	31	the	the	DET
emaj-58	120	32	5th	5th	ADJ
emaj-58	120	33	to	to	ADP
emaj-58	120	34	6th	6th	ADJ
emaj-58	120	35	week	week	NOUN
emaj-58	120	36	,	,	PUNCT
emaj-58	120	37	while	while	SCONJ
emaj-58	120	38	the	the	DET
emaj-58	120	39	response	response	NOUN
emaj-58	120	40	turns	turn	VERB
emaj-58	120	41	to	to	ADP
emaj-58	120	42	positive	positive	ADJ
emaj-58	120	43	and	and	CCONJ
emaj-58	120	44	converges	converge	VERB
emaj-58	120	45	rapidly	rapidly	ADV
emaj-58	120	46	after	after	ADP
emaj-58	120	47	the	the	DET
emaj-58	120	48	7th	7th	ADJ
emaj-58	120	49	week	week	NOUN
emaj-58	120	50	.	.	PUNCT
emaj-58	121	1	at	at	ADP
emaj-58	121	2	the	the	DET
emaj-58	121	3	same	same	ADJ
emaj-58	121	4	time	time	NOUN
emaj-58	121	5	,	,	PUNCT
emaj-58	121	6	the	the	DET
emaj-58	121	7	indian	indian	ADJ
emaj-58	121	8	stock	stock	NOUN
emaj-58	121	9	market	market	NOUN
emaj-58	121	10	makes	make	VERB
emaj-58	121	11	a	a	DET
emaj-58	121	12	negative	negative	ADJ
emaj-58	121	13	response	response	NOUN
emaj-58	121	14	in	in	ADP
emaj-58	121	15	the	the	DET
emaj-58	121	16	2th	2th	NOUN
emaj-58	121	17	,	,	PUNCT
emaj-58	121	18	4th	4th	ADJ
emaj-58	121	19	,	,	PUNCT
emaj-58	121	20	7th	7th	ADJ
emaj-58	121	21	,	,	PUNCT
emaj-58	121	22	10th	10th	ADJ
emaj-58	121	23	week	week	NOUN
emaj-58	121	24	to	to	ADP
emaj-58	121	25	a	a	DET
emaj-58	121	26	shock	shock	NOUN
emaj-58	121	27	from	from	ADP
emaj-58	121	28	the	the	DET
emaj-58	121	29	shanghai	shanghai	PROPN
emaj-58	121	30	stock	stock	NOUN
emaj-58	121	31	market	market	NOUN
emaj-58	121	32	,	,	PUNCT
emaj-58	121	33	and	and	CCONJ
emaj-58	121	34	a	a	DET
emaj-58	121	35	positive	positive	ADJ
emaj-58	121	36	response	response	NOUN
emaj-58	121	37	at	at	ADP
emaj-58	121	38	the	the	DET
emaj-58	121	39	rest	rest	NOUN
emaj-58	121	40	periods	period	NOUN
emaj-58	121	41	,	,	PUNCT
emaj-58	121	42	while	while	SCONJ
emaj-58	121	43	the	the	DET
emaj-58	121	44	magnitude	magnitude	NOUN
emaj-58	121	45	of	of	ADP
emaj-58	121	46	response	response	NOUN
emaj-58	121	47	is	be	AUX
emaj-58	121	48	relative	relative	ADJ
emaj-58	121	49	small	small	ADJ
emaj-58	121	50	at	at	ADP
emaj-58	121	51	all	all	DET
emaj-58	121	52	periods	period	NOUN
emaj-58	121	53	.	.	PUNCT
emaj-58	122	1	.00	.00	NUM
emaj-58	122	2	.01	.01	NUM
emaj-58	122	3	.02	.02	NUM
emaj-58	122	4	.03	.03	NUM
emaj-58	122	5	.04	.04	NUM
emaj-58	122	6	.05	.05	NUM
emaj-58	122	7	1	1	NUM
emaj-58	122	8	2	2	NUM
emaj-58	122	9	3	3	NUM
emaj-58	122	10	4	4	NUM
emaj-58	122	11	5	5	NUM
emaj-58	122	12	6	6	NUM
emaj-58	122	13	7	7	NUM
emaj-58	122	14	8	8	NUM
emaj-58	122	15	9	9	NUM
emaj-58	122	16	10	10	NUM
emaj-58	122	17	11	11	NUM
emaj-58	122	18	12	12	NUM
emaj-58	122	19	sh	sh	PROPN
emaj-58	122	20	ru	ru	PROPN
emaj-58	122	21	in	in	ADP
emaj-58	122	22	accumulated	accumulate	VERB
emaj-58	122	23	response	response	NOUN
emaj-58	122	24	of	of	ADP
emaj-58	122	25	sh	sh	PROPN
emaj-58	122	26	to	to	PART
emaj-58	122	27	nonfactorized	nonfactorize	VERB
emaj-58	122	28	one	one	NUM
emaj-58	122	29	s.d	s.d	PROPN
emaj-58	122	30	.	.	PUNCT
emaj-58	122	31	innovations	innovation	NOUN
emaj-58	122	32	-.01	-.01	PROPN
emaj-58	122	33	.00	.00	NUM
emaj-58	122	34	.01	.01	NUM
emaj-58	122	35	.02	.02	NUM
emaj-58	122	36	.03	.03	NUM
emaj-58	122	37	.04	.04	NUM
emaj-58	122	38	.05	.05	NUM
emaj-58	122	39	.06	.06	NUM
emaj-58	122	40	.07	.07	NUM
emaj-58	122	41	.08	.08	NUM
emaj-58	122	42	1	1	NUM
emaj-58	122	43	2	2	NUM
emaj-58	122	44	3	3	NUM
emaj-58	122	45	4	4	NUM
emaj-58	122	46	5	5	NUM
emaj-58	122	47	6	6	NUM
emaj-58	122	48	7	7	NUM
emaj-58	122	49	8	8	NUM
emaj-58	122	50	9	9	NUM
emaj-58	122	51	10	10	NUM
emaj-58	122	52	11	11	NUM
emaj-58	122	53	12	12	NUM
emaj-58	122	54	sh	sh	PROPN
emaj-58	122	55	ru	ru	PROPN
emaj-58	122	56	in	in	ADP
emaj-58	122	57	accumulated	accumulate	VERB
emaj-58	122	58	response	response	NOUN
emaj-58	122	59	of	of	ADP
emaj-58	122	60	ru	ru	PROPN
emaj-58	122	61	to	to	PART
emaj-58	122	62	nonfactorized	nonfactorize	VERB
emaj-58	122	63	one	one	NUM
emaj-58	122	64	s.d	s.d	PROPN
emaj-58	122	65	.	.	PUNCT
emaj-58	123	1	innovations	innovation	NOUN
emaj-58	123	2	-.01	-.01	PROPN
emaj-58	124	1	.00	.00	NUM
emaj-58	124	2	.01	.01	NUM
emaj-58	124	3	.02	.02	NUM
emaj-58	124	4	.03	.03	NUM
emaj-58	124	5	.04	.04	NUM
emaj-58	124	6	1	1	NUM
emaj-58	124	7	2	2	NUM
emaj-58	124	8	3	3	NUM
emaj-58	124	9	4	4	NUM
emaj-58	124	10	5	5	NUM
emaj-58	124	11	6	6	NUM
emaj-58	124	12	7	7	NUM
emaj-58	124	13	8	8	NUM
emaj-58	124	14	9	9	NUM
emaj-58	124	15	10	10	NUM
emaj-58	124	16	11	11	NUM
emaj-58	124	17	12	12	NUM
emaj-58	124	18	sh	sh	PROPN
emaj-58	124	19	ru	ru	PROPN
emaj-58	124	20	in	in	ADP
emaj-58	124	21	accumulated	accumulate	VERB
emaj-58	124	22	response	response	NOUN
emaj-58	124	23	of	of	ADP
emaj-58	124	24	in	in	ADP
emaj-58	124	25	to	to	PART
emaj-58	124	26	nonfactorized	nonfactorize	VERB
emaj-58	124	27	one	one	NUM
emaj-58	124	28	s.d	s.d	PROPN
emaj-58	124	29	.	.	PUNCT
emaj-58	124	30	innovations	innovation	NOUN
emaj-58	124	31	figure	figure	VERB
emaj-58	124	32	1	1	NUM
emaj-58	124	33	accumulated	accumulate	VERB
emaj-58	124	34	impulse	impulse	ADJ
emaj-58	124	35	response	response	NOUN
emaj-58	124	36	of	of	ADP
emaj-58	124	37	sample	sample	NOUN
emaj-58	124	38	series	series	NOUN
emaj-58	124	39	4.2.3	4.2.3	NUM
emaj-58	124	40	variance	variance	NOUN
emaj-58	124	41	decomposition	decomposition	NOUN
emaj-58	124	42	analysis	analysis	NOUN
emaj-58	124	43	the	the	DET
emaj-58	124	44	variance	variance	NOUN
emaj-58	124	45	decomposition	decomposition	NOUN
emaj-58	124	46	could	could	AUX
emaj-58	124	47	obtain	obtain	VERB
emaj-58	124	48	the	the	DET
emaj-58	124	49	relative	relative	ADJ
emaj-58	124	50	importance	importance	NOUN
emaj-58	124	51	of	of	ADP
emaj-58	124	52	stochastic	stochastic	ADJ
emaj-58	124	53	error	error	NOUN
emaj-58	124	54	influencing	influence	VERB
emaj-58	124	55	the	the	DET
emaj-58	124	56	variables	variable	NOUN
emaj-58	124	57	in	in	ADP
emaj-58	124	58	var	var	NOUN
emaj-58	124	59	system	system	NOUN
emaj-58	124	60	,	,	PUNCT
emaj-58	124	61	which	which	PRON
emaj-58	124	62	supports	support	VERB
emaj-58	124	63	to	to	PART
emaj-58	124	64	assess	assess	VERB
emaj-58	124	65	the	the	DET
emaj-58	124	66	importance	importance	NOUN
emaj-58	124	67	of	of	ADP
emaj-58	124	68	different	different	ADJ
emaj-58	124	69	factors	factor	NOUN
emaj-58	124	70	in	in	ADP
emaj-58	124	71	the	the	DET
emaj-58	124	72	transmission	transmission	NOUN
emaj-58	124	73	mechanism	mechanism	NOUN
emaj-58	124	74	of	of	ADP
emaj-58	124	75	price	price	NOUN
emaj-58	124	76	shocks	shock	NOUN
emaj-58	124	77	.	.	PUNCT
emaj-58	125	1	table	table	NOUN
emaj-58	125	2	3	3	NUM
emaj-58	125	3	showed	show	VERB
emaj-58	125	4	the	the	DET
emaj-58	125	5	main	main	ADJ
emaj-58	125	6	results	result	NOUN
emaj-58	125	7	of	of	ADP
emaj-58	125	8	the	the	DET
emaj-58	125	9	variance	variance	NOUN
emaj-58	125	10	decomposition	decomposition	NOUN
emaj-58	125	11	in	in	ADP
emaj-58	125	12	the	the	DET
emaj-58	125	13	first	first	ADJ
emaj-58	125	14	12	12	NUM
emaj-58	125	15	weeks	week	NOUN
emaj-58	125	16	.	.	PUNCT
emaj-58	126	1	first	first	ADV
emaj-58	126	2	,	,	PUNCT
emaj-58	126	3	each	each	DET
emaj-58	126	4	variable	variable	ADJ
emaj-58	126	5	accounts	account	VERB
emaj-58	126	6	for	for	ADP
emaj-58	126	7	the	the	DET
emaj-58	126	8	largest	large	ADJ
emaj-58	126	9	share	share	NOUN
emaj-58	126	10	of	of	ADP
emaj-58	126	11	forecasting	forecasting	NOUN
emaj-58	126	12	error	error	NOUN
emaj-58	126	13	by	by	ADP
emaj-58	126	14	itself	itself	PRON
emaj-58	126	15	in	in	ADP
emaj-58	126	16	the	the	DET
emaj-58	126	17	var	var	NOUN
emaj-58	126	18	system	system	NOUN
emaj-58	126	19	.	.	PUNCT
emaj-58	127	1	according	accord	VERB
emaj-58	127	2	to	to	ADP
emaj-58	127	3	the	the	DET
emaj-58	127	4	requirement	requirement	NOUN
emaj-58	127	5	of	of	ADP
emaj-58	127	6	algorithm	algorithm	NOUN
emaj-58	127	7	,	,	PUNCT
emaj-58	127	8	the	the	DET
emaj-58	127	9	forecasting	forecasting	NOUN
emaj-58	127	10	error	error	NOUN
emaj-58	127	11	all	all	PRON
emaj-58	127	12	comes	come	VERB
emaj-58	127	13	from	from	ADP
emaj-58	127	14	its	its	PRON
emaj-58	127	15	own	own	ADJ
emaj-58	127	16	innovation	innovation	NOUN
emaj-58	127	17	of	of	ADP
emaj-58	127	18	the	the	DET
emaj-58	127	19	variable	variable	NOUN
emaj-58	127	20	at	at	ADP
emaj-58	127	21	the	the	DET
emaj-58	127	22	first	first	ADJ
emaj-58	127	23	step	step	NOUN
emaj-58	127	24	,	,	PUNCT
emaj-58	127	25	that	that	ADV
emaj-58	127	26	is	is	ADV
emaj-58	127	27	,	,	PUNCT
emaj-58	127	28	each	each	DET
emaj-58	127	29	variable	variable	NOUN
emaj-58	127	30	itself	itself	PRON
emaj-58	127	31	accounts	account	VERB
emaj-58	127	32	for	for	ADP
emaj-58	127	33	all	all	PRON
emaj-58	127	34	of	of	ADP
emaj-58	127	35	the	the	DET
emaj-58	127	36	volume	volume	NOUN
emaj-58	127	37	4	4	NUM
emaj-58	127	38	no	no	DET
emaj-58	127	39	1	1	NUM
emaj-58	127	40	(	(	PUNCT
emaj-58	127	41	2014	2014	NUM
emaj-58	127	42	)	)	PUNCT
emaj-58	127	43	|	|	ADV
emaj-58	127	44	issn	issn	VERB
emaj-58	127	45	2158	2158	NUM
emaj-58	127	46	-	-	SYM
emaj-58	127	47	8708	8708	NUM
emaj-58	127	48	(	(	PUNCT
emaj-58	127	49	online	online	NOUN
emaj-58	127	50	)	)	PUNCT
emaj-58	127	51	|	|	ADV
emaj-58	127	52	doi	doi	X
emaj-58	127	53	10.5195	10.5195	NUM
emaj-58	127	54	/	/	SYM
emaj-58	127	55	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	127	56	|	|	NOUN
emaj-58	127	57	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-58	127	58	dr.menggen	dr.menggen	PROPN
emaj-58	127	59	chen	chen	PROPN
emaj-58	127	60	p	p	PROPN
emaj-58	127	61	a	a	DET
emaj-58	127	62	g	g	NOUN
emaj-58	127	63	e	e	NOUN
emaj-58	127	64	|39|	|39|	ADJ
emaj-58	127	65	emerging	emerge	VERB
emaj-58	127	66	markets	market	NOUN
emaj-58	127	67	journal	journal	NOUN
emaj-58	127	68	variance	variance	NOUN
emaj-58	127	69	at	at	ADP
emaj-58	127	70	this	this	DET
emaj-58	127	71	step	step	NOUN
emaj-58	127	72	.	.	PUNCT
emaj-58	128	1	in	in	ADP
emaj-58	128	2	subsequent	subsequent	ADJ
emaj-58	128	3	periods	period	NOUN
emaj-58	128	4	,	,	PUNCT
emaj-58	128	5	the	the	DET
emaj-58	128	6	forecasting	forecasting	NOUN
emaj-58	128	7	error	error	NOUN
emaj-58	128	8	will	will	AUX
emaj-58	128	9	be	be	AUX
emaj-58	128	10	affected	affect	VERB
emaj-58	128	11	by	by	ADP
emaj-58	128	12	all	all	DET
emaj-58	128	13	variables	variable	NOUN
emaj-58	128	14	in	in	ADP
emaj-58	128	15	the	the	DET
emaj-58	128	16	var	var	NOUN
emaj-58	128	17	system	system	NOUN
emaj-58	128	18	.	.	PUNCT
emaj-58	129	1	however	however	ADV
emaj-58	129	2	,	,	PUNCT
emaj-58	129	3	the	the	DET
emaj-58	129	4	variable	variable	NOUN
emaj-58	129	5	itself	itself	PRON
emaj-58	129	6	always	always	ADV
emaj-58	129	7	accounts	account	VERB
emaj-58	129	8	for	for	ADP
emaj-58	129	9	almost	almost	ADV
emaj-58	129	10	more	more	ADJ
emaj-58	129	11	than	than	ADP
emaj-58	129	12	97	97	NUM
emaj-58	129	13	%	%	NOUN
emaj-58	129	14	of	of	ADP
emaj-58	129	15	the	the	DET
emaj-58	129	16	variance	variance	NOUN
emaj-58	129	17	.	.	PUNCT
emaj-58	130	1	this	this	PRON
emaj-58	130	2	suggests	suggest	VERB
emaj-58	130	3	that	that	SCONJ
emaj-58	130	4	there	there	PRON
emaj-58	130	5	is	be	VERB
emaj-58	130	6	only	only	ADV
emaj-58	130	7	a	a	DET
emaj-58	130	8	very	very	ADV
emaj-58	130	9	small	small	ADJ
emaj-58	130	10	mutual	mutual	ADJ
emaj-58	130	11	influence	influence	NOUN
emaj-58	130	12	among	among	ADP
emaj-58	130	13	the	the	DET
emaj-58	130	14	three	three	NUM
emaj-58	130	15	stock	stock	NOUN
emaj-58	130	16	markets	market	NOUN
emaj-58	130	17	and	and	CCONJ
emaj-58	130	18	the	the	DET
emaj-58	130	19	price	price	NOUN
emaj-58	130	20	fluctuation	fluctuation	NOUN
emaj-58	130	21	primarily	primarily	ADV
emaj-58	130	22	depends	depend	VERB
emaj-58	130	23	on	on	ADP
emaj-58	130	24	the	the	DET
emaj-58	130	25	domestic	domestic	ADJ
emaj-58	130	26	factors	factor	NOUN
emaj-58	130	27	,	,	PUNCT
emaj-58	130	28	which	which	PRON
emaj-58	130	29	means	mean	VERB
emaj-58	130	30	that	that	SCONJ
emaj-58	130	31	the	the	DET
emaj-58	130	32	price	price	NOUN
emaj-58	130	33	behavior	behavior	NOUN
emaj-58	130	34	exhibits	exhibit	VERB
emaj-58	130	35	significant	significant	ADJ
emaj-58	130	36	independence	independence	NOUN
emaj-58	130	37	.	.	PUNCT
emaj-58	131	1	second	second	ADJ
emaj-58	131	2	,	,	PUNCT
emaj-58	131	3	according	accord	VERB
emaj-58	131	4	to	to	ADP
emaj-58	131	5	table	table	NOUN
emaj-58	131	6	3	3	NUM
emaj-58	131	7	,	,	PUNCT
emaj-58	131	8	the	the	DET
emaj-58	131	9	results	result	NOUN
emaj-58	131	10	of	of	ADP
emaj-58	131	11	variance	variance	NOUN
emaj-58	131	12	decomposition	decomposition	NOUN
emaj-58	131	13	are	be	AUX
emaj-58	131	14	relatively	relatively	ADV
emaj-58	131	15	stable	stable	ADJ
emaj-58	131	16	after	after	ADP
emaj-58	131	17	the	the	DET
emaj-58	131	18	7th	7th	ADJ
emaj-58	131	19	or	or	CCONJ
emaj-58	131	20	8th	8th	ADJ
emaj-58	131	21	week	week	NOUN
emaj-58	131	22	and	and	CCONJ
emaj-58	131	23	usually	usually	ADV
emaj-58	131	24	converge	converge	VERB
emaj-58	131	25	to	to	ADP
emaj-58	131	26	a	a	DET
emaj-58	131	27	certain	certain	ADJ
emaj-58	131	28	level	level	NOUN
emaj-58	131	29	.	.	PUNCT
emaj-58	132	1	this	this	PRON
emaj-58	132	2	is	be	AUX
emaj-58	132	3	very	very	ADV
emaj-58	132	4	similar	similar	ADJ
emaj-58	132	5	to	to	ADP
emaj-58	132	6	the	the	DET
emaj-58	132	7	conclusion	conclusion	NOUN
emaj-58	132	8	obtained	obtain	VERB
emaj-58	132	9	from	from	ADP
emaj-58	132	10	the	the	DET
emaj-58	132	11	impulse	impulse	ADJ
emaj-58	132	12	response	response	NOUN
emaj-58	132	13	analysis	analysis	NOUN
emaj-58	132	14	.	.	PUNCT
emaj-58	133	1	undoubtedly	undoubtedly	ADV
emaj-58	133	2	,	,	PUNCT
emaj-58	133	3	the	the	DET
emaj-58	133	4	impact	impact	NOUN
emaj-58	133	5	of	of	ADP
emaj-58	133	6	new	new	ADJ
emaj-58	133	7	shocks	shock	NOUN
emaj-58	133	8	to	to	ADP
emaj-58	133	9	stock	stock	NOUN
emaj-58	133	10	price	price	NOUN
emaj-58	133	11	usually	usually	ADV
emaj-58	133	12	lasts	last	VERB
emaj-58	133	13	for	for	ADP
emaj-58	133	14	about	about	ADV
emaj-58	133	15	6	6	NUM
emaj-58	133	16	weeks	week	NOUN
emaj-58	133	17	and	and	CCONJ
emaj-58	133	18	dies	die	VERB
emaj-58	133	19	out	out	ADV
emaj-58	133	20	after	after	ADP
emaj-58	133	21	the	the	DET
emaj-58	133	22	8th	8th	ADJ
emaj-58	133	23	week	week	NOUN
emaj-58	133	24	.	.	PUNCT
emaj-58	134	1	third	third	ADJ
emaj-58	134	2	,	,	PUNCT
emaj-58	134	3	the	the	DET
emaj-58	134	4	contribution	contribution	NOUN
emaj-58	134	5	shares	share	NOUN
emaj-58	134	6	of	of	ADP
emaj-58	134	7	other	other	ADJ
emaj-58	134	8	variables	variable	NOUN
emaj-58	134	9	to	to	ADP
emaj-58	134	10	the	the	DET
emaj-58	134	11	variance	variance	NOUN
emaj-58	134	12	of	of	ADP
emaj-58	134	13	each	each	DET
emaj-58	134	14	variable	variable	NOUN
emaj-58	134	15	continue	continue	VERB
emaj-58	134	16	to	to	PART
emaj-58	134	17	increase	increase	VERB
emaj-58	134	18	during	during	ADP
emaj-58	134	19	all	all	DET
emaj-58	134	20	forecasting	forecasting	NOUN
emaj-58	134	21	periods	period	NOUN
emaj-58	134	22	.	.	PUNCT
emaj-58	135	1	however	however	ADV
emaj-58	135	2	,	,	PUNCT
emaj-58	135	3	a	a	DET
emaj-58	135	4	change	change	NOUN
emaj-58	135	5	of	of	ADP
emaj-58	135	6	the	the	DET
emaj-58	135	7	shares	share	NOUN
emaj-58	135	8	for	for	ADP
emaj-58	135	9	non	non	ADJ
emaj-58	135	10	-	-	ADJ
emaj-58	135	11	self	self	ADJ
emaj-58	135	12	variables	variable	NOUN
emaj-58	135	13	is	be	AUX
emaj-58	135	14	so	so	ADV
emaj-58	135	15	small	small	ADJ
emaj-58	135	16	and	and	CCONJ
emaj-58	135	17	keeps	keep	VERB
emaj-58	135	18	relatively	relatively	ADV
emaj-58	135	19	stable	stable	ADJ
emaj-58	135	20	in	in	ADP
emaj-58	135	21	all	all	DET
emaj-58	135	22	periods	period	NOUN
emaj-58	135	23	.	.	PUNCT
emaj-58	136	1	what	what	PRON
emaj-58	136	2	’s	’	VERB
emaj-58	136	3	more	more	ADJ
emaj-58	136	4	,	,	PUNCT
emaj-58	136	5	the	the	DET
emaj-58	136	6	rvc	rvc	NOUN
emaj-58	136	7	results	result	NOUN
emaj-58	136	8	are	be	AUX
emaj-58	136	9	not	not	PART
emaj-58	136	10	sensitive	sensitive	ADJ
emaj-58	136	11	to	to	ADP
emaj-58	136	12	the	the	DET
emaj-58	136	13	forecasting	forecasting	NOUN
emaj-58	136	14	periods	period	NOUN
emaj-58	136	15	.	.	PUNCT
emaj-58	137	1	finally	finally	ADV
emaj-58	137	2	,	,	PUNCT
emaj-58	137	3	the	the	DET
emaj-58	137	4	rvc	rvc	NOUN
emaj-58	137	5	values	value	NOUN
emaj-58	137	6	for	for	ADP
emaj-58	137	7	non	non	ADJ
emaj-58	137	8	-	-	ADJ
emaj-58	137	9	self	self	ADJ
emaj-58	137	10	variables	variable	NOUN
emaj-58	137	11	reach	reach	VERB
emaj-58	137	12	peaks	peak	NOUN
emaj-58	137	13	in	in	ADP
emaj-58	137	14	the	the	DET
emaj-58	137	15	12th	12th	ADJ
emaj-58	137	16	week	week	NOUN
emaj-58	137	17	.	.	PUNCT
emaj-58	138	1	the	the	DET
emaj-58	138	2	maximum	maximum	ADJ
emaj-58	138	3	contribution	contribution	NOUN
emaj-58	138	4	shares	share	NOUN
emaj-58	138	5	of	of	ADP
emaj-58	138	6	ru	ru	NOUN
emaj-58	138	7	and	and	CCONJ
emaj-58	138	8	in	in	ADP
emaj-58	138	9	in	in	ADP
emaj-58	138	10	the	the	DET
emaj-58	138	11	variance	variance	NOUN
emaj-58	138	12	of	of	ADP
emaj-58	138	13	sh	sh	PROPN
emaj-58	138	14	account	account	VERB
emaj-58	138	15	for	for	ADP
emaj-58	138	16	2.0342	2.0342	NUM
emaj-58	138	17	%	%	NOUN
emaj-58	138	18	and	and	CCONJ
emaj-58	138	19	0.7809	0.7809	NUM
emaj-58	138	20	%	%	NOUN
emaj-58	138	21	respectively	respectively	ADV
emaj-58	138	22	,	,	PUNCT
emaj-58	138	23	and	and	CCONJ
emaj-58	138	24	the	the	DET
emaj-58	138	25	maximum	maximum	ADJ
emaj-58	138	26	contribution	contribution	NOUN
emaj-58	138	27	shares	share	NOUN
emaj-58	138	28	of	of	ADP
emaj-58	138	29	sh	sh	PROPN
emaj-58	138	30	and	and	CCONJ
emaj-58	138	31	in	in	ADP
emaj-58	138	32	in	in	ADP
emaj-58	138	33	the	the	DET
emaj-58	138	34	variance	variance	NOUN
emaj-58	138	35	of	of	ADP
emaj-58	138	36	ru	ru	PROPN
emaj-58	138	37	account	account	NOUN
emaj-58	138	38	for	for	ADP
emaj-58	138	39	0.8608	0.8608	NUM
emaj-58	138	40	%	%	NOUN
emaj-58	138	41	and	and	CCONJ
emaj-58	138	42	0.7878	0.7878	NUM
emaj-58	138	43	%	%	NOUN
emaj-58	138	44	respectively	respectively	ADV
emaj-58	138	45	.	.	PUNCT
emaj-58	139	1	then	then	ADV
emaj-58	139	2	,	,	PUNCT
emaj-58	139	3	the	the	DET
emaj-58	139	4	maximum	maximum	ADJ
emaj-58	139	5	contribution	contribution	NOUN
emaj-58	139	6	shares	share	NOUN
emaj-58	139	7	of	of	ADP
emaj-58	139	8	ru	ru	PROPN
emaj-58	139	9	and	and	CCONJ
emaj-58	139	10	sh	sh	PROPN
emaj-58	139	11	in	in	ADP
emaj-58	139	12	the	the	DET
emaj-58	139	13	variance	variance	NOUN
emaj-58	139	14	of	of	ADP
emaj-58	139	15	in	in	ADP
emaj-58	139	16	account	account	NOUN
emaj-58	139	17	for	for	ADP
emaj-58	139	18	1.4603	1.4603	NUM
emaj-58	139	19	%	%	NOUN
emaj-58	139	20	and	and	CCONJ
emaj-58	139	21	0.1540	0.1540	NUM
emaj-58	139	22	%	%	NOUN
emaj-58	139	23	respectively	respectively	ADV
emaj-58	139	24	.	.	PUNCT
emaj-58	140	1	therefore	therefore	ADV
emaj-58	140	2	,	,	PUNCT
emaj-58	140	3	all	all	DET
emaj-58	140	4	three	three	NUM
emaj-58	140	5	variables	variable	NOUN
emaj-58	140	6	in	in	ADP
emaj-58	140	7	the	the	DET
emaj-58	140	8	var	var	NOUN
emaj-58	140	9	system	system	NOUN
emaj-58	140	10	reveal	reveal	VERB
emaj-58	140	11	a	a	DET
emaj-58	140	12	different	different	ADJ
emaj-58	140	13	transmission	transmission	NOUN
emaj-58	140	14	mechanism	mechanism	NOUN
emaj-58	140	15	to	to	ADP
emaj-58	140	16	the	the	DET
emaj-58	140	17	price	price	NOUN
emaj-58	140	18	shock	shock	NOUN
emaj-58	140	19	exerted	exert	VERB
emaj-58	140	20	by	by	ADP
emaj-58	140	21	other	other	ADJ
emaj-58	140	22	markets	market	NOUN
emaj-58	140	23	and	and	CCONJ
emaj-58	140	24	have	have	VERB
emaj-58	140	25	a	a	DET
emaj-58	140	26	different	different	ADJ
emaj-58	140	27	importance	importance	NOUN
emaj-58	140	28	.	.	PUNCT
emaj-58	141	1	relatively	relatively	ADV
emaj-58	141	2	speaking	speak	VERB
emaj-58	141	3	,	,	PUNCT
emaj-58	141	4	the	the	DET
emaj-58	141	5	russian	russian	ADJ
emaj-58	141	6	stock	stock	NOUN
emaj-58	141	7	market	market	NOUN
emaj-58	141	8	has	have	VERB
emaj-58	141	9	a	a	DET
emaj-58	141	10	significant	significant	ADJ
emaj-58	141	11	influence	influence	NOUN
emaj-58	141	12	on	on	ADP
emaj-58	141	13	the	the	DET
emaj-58	141	14	chinese	chinese	ADJ
emaj-58	141	15	and	and	CCONJ
emaj-58	141	16	indian	indian	ADJ
emaj-58	141	17	stock	stock	NOUN
emaj-58	141	18	markets	market	NOUN
emaj-58	141	19	,	,	PUNCT
emaj-58	141	20	and	and	CCONJ
emaj-58	141	21	the	the	DET
emaj-58	141	22	influence	influence	NOUN
emaj-58	141	23	of	of	ADP
emaj-58	141	24	the	the	DET
emaj-58	141	25	chinese	chinese	ADJ
emaj-58	141	26	stock	stock	NOUN
emaj-58	141	27	market	market	NOUN
emaj-58	141	28	on	on	ADP
emaj-58	141	29	the	the	DET
emaj-58	141	30	russian	russian	ADJ
emaj-58	141	31	stock	stock	NOUN
emaj-58	141	32	market	market	NOUN
emaj-58	141	33	is	be	AUX
emaj-58	141	34	stronger	strong	ADJ
emaj-58	141	35	than	than	ADP
emaj-58	141	36	that	that	PRON
emaj-58	141	37	on	on	ADP
emaj-58	141	38	the	the	DET
emaj-58	141	39	indian	indian	ADJ
emaj-58	141	40	stock	stock	NOUN
emaj-58	141	41	market	market	NOUN
emaj-58	141	42	.	.	PUNCT
emaj-58	142	1	table	table	NOUN
emaj-58	142	2	3	3	NUM
emaj-58	142	3	variance	variance	NOUN
emaj-58	142	4	decomposition	decomposition	NOUN
emaj-58	142	5	of	of	ADP
emaj-58	142	6	sample	sample	NOUN
emaj-58	142	7	series	series	PROPN
emaj-58	142	8	variable	variable	ADJ
emaj-58	142	9	time	time	NOUN
emaj-58	142	10	standard	standard	PROPN
emaj-58	142	11	error（s.e	error（s.e	NOUN
emaj-58	142	12	.	.	PUNCT
emaj-58	142	13	）	）	PUNCT
emaj-58	143	1	sh	sh	PROPN
emaj-58	143	2	ru	ru	PROPN
emaj-58	143	3	in	in	ADP
emaj-58	143	4	sh	sh	PROPN
emaj-58	143	5	1	1	NUM
emaj-58	143	6	0.0342	0.0342	NUM
emaj-58	143	7	100.0000	100.0000	NUM
emaj-58	143	8	0.0000	0.0000	NUM
emaj-58	143	9	0.0000	0.0000	NUM
emaj-58	143	10	2	2	NUM
emaj-58	143	11	0.0344	0.0344	NUM
emaj-58	143	12	99.2566	99.2566	NUM
emaj-58	143	13	0.2365	0.2365	NUM
emaj-58	143	14	0.5068	0.5068	NUM
emaj-58	143	15	3	3	NUM
emaj-58	143	16	0.0346	0.0346	NUM
emaj-58	143	17	98.6295	98.6295	NUM
emaj-58	143	18	0.6414	0.6414	NUM
emaj-58	143	19	0.7291	0.7291	NUM
emaj-58	143	20	4	4	NUM
emaj-58	143	21	0.0348	0.0348	NUM
emaj-58	143	22	97.9082	97.9082	NUM
emaj-58	144	1	1.3687	1.3687	NUM
emaj-58	144	2	0.7231	0.7231	NUM
emaj-58	144	3	5	5	NUM
emaj-58	144	4	0.0349	0.0349	NUM
emaj-58	144	5	97.6234	97.6234	NUM
emaj-58	144	6	1.6096	1.6096	NUM
emaj-58	144	7	0.7669	0.7669	NUM
emaj-58	144	8	6	6	NUM
emaj-58	144	9	0.0349	0.0349	NUM
emaj-58	144	10	97.6200	97.6200	NUM
emaj-58	144	11	1.6127	1.6127	NUM
emaj-58	144	12	0.7672	0.7672	NUM
emaj-58	144	13	7	7	NUM
emaj-58	144	14	0.0350	0.0350	NUM
emaj-58	144	15	97.2279	97.2279	NUM
emaj-58	145	1	1.9989	1.9989	NUM
emaj-58	145	2	0.7732	0.7732	NUM
emaj-58	145	3	8	8	NUM
emaj-58	145	4	0.0350	0.0350	NUM
emaj-58	145	5	97.2232	97.2232	NUM
emaj-58	145	6	2.0033	2.0033	NUM
emaj-58	145	7	0.7736	0.7736	NUM
emaj-58	145	8	9	9	NUM
emaj-58	145	9	0.0350	0.0350	NUM
emaj-58	145	10	97.2094	97.2094	NUM
emaj-58	145	11	2.0171	2.0171	NUM
emaj-58	145	12	0.7735	0.7735	NUM
emaj-58	145	13	10	10	NUM
emaj-58	145	14	0.0350	0.0350	NUM
emaj-58	145	15	97.1892	97.1892	NUM
emaj-58	146	1	2.0311	2.0311	NUM
emaj-58	146	2	0.7797	0.7797	NUM
emaj-58	146	3	11	11	NUM
emaj-58	146	4	0.0350	0.0350	NUM
emaj-58	146	5	97.1856	97.1856	NUM
emaj-58	146	6	2.0337	2.0337	NUM
emaj-58	146	7	0.7808	0.7808	NUM
emaj-58	146	8	12	12	NUM
emaj-58	146	9	0.0350	0.0350	NUM
emaj-58	146	10	97.1849	97.1849	NUM
emaj-58	146	11	2.0342	2.0342	NUM
emaj-58	146	12	0.7809	0.7809	NUM
emaj-58	146	13	cholesky	cholesky	NOUN
emaj-58	146	14	ordering	ordering	NOUN
emaj-58	146	15	:	:	PUNCT
emaj-58	146	16	se	se	PROPN
emaj-58	147	1	sh	sh	PROPN
emaj-58	147	2	ru	ru	PROPN
emaj-58	147	3	in	in	ADP
emaj-58	147	4	ru	ru	PROPN
emaj-58	147	5	1	1	NUM
emaj-58	147	6	0.0342	0.0342	NUM
emaj-58	147	7	0.0000	0.0000	NUM
emaj-58	147	8	100.0000	100.0000	NUM
emaj-58	147	9	0.0000	0.0000	NUM
emaj-58	147	10	2	2	NUM
emaj-58	147	11	0.0344	0.0344	NUM
emaj-58	147	12	0.0018	0.0018	NUM
emaj-58	147	13	99.9522	99.9522	NUM
emaj-58	148	1	0.0461	0.0461	NUM
emaj-58	148	2	3	3	NUM
emaj-58	148	3	0.0346	0.0346	NUM
emaj-58	148	4	0.4773	0.4773	NUM
emaj-58	148	5	99.3570	99.3570	NUM
emaj-58	148	6	0.1657	0.1657	NUM
emaj-58	148	7	4	4	NUM
emaj-58	148	8	0.0348	0.0348	NUM
emaj-58	148	9	0.6692	0.6692	NUM
emaj-58	148	10	99.0327	99.0327	NUM
emaj-58	148	11	0.2981	0.2981	NUM
emaj-58	148	12	5	5	NUM
emaj-58	148	13	0.0349	0.0349	NUM
emaj-58	148	14	0.8163	0.8163	NUM
emaj-58	148	15	98.8668	98.8668	NUM
emaj-58	148	16	0.3169	0.3169	NUM
emaj-58	148	17	6	6	NUM
emaj-58	148	18	0.0349	0.0349	NUM
emaj-58	148	19	0.8559	0.8559	NUM
emaj-58	148	20	98.8267	98.8267	NUM
emaj-58	148	21	0.3174	0.3174	NUM
emaj-58	148	22	7	7	NUM
emaj-58	148	23	0.0350	0.0350	NUM
emaj-58	148	24	0.8530	0.8530	NUM
emaj-58	148	25	98.3611	98.3611	NUM
emaj-58	148	26	0.7859	0.7859	NUM
emaj-58	148	27	8	8	NUM
emaj-58	148	28	0.0350	0.0350	NUM
emaj-58	148	29	0.8534	0.8534	NUM
emaj-58	148	30	98.3590	98.3590	NUM
emaj-58	148	31	0.7876	0.7876	NUM
emaj-58	148	32	9	9	NUM
emaj-58	148	33	0.0350	0.0350	NUM
emaj-58	148	34	0.8584	0.8584	NUM
emaj-58	148	35	98.3540	98.3540	NUM
emaj-58	148	36	0.7875	0.7875	NUM
emaj-58	148	37	10	10	NUM
emaj-58	148	38	0.0350	0.0350	NUM
emaj-58	148	39	0.8596	0.8596	NUM
emaj-58	148	40	98.3528	98.3528	NUM
emaj-58	148	41	0.7877	0.7877	NUM
emaj-58	148	42	11	11	NUM
emaj-58	148	43	0.0350	0.0350	NUM
emaj-58	148	44	0.8607	0.8607	NUM
emaj-58	148	45	98.3516	98.3516	NUM
emaj-58	148	46	0.7877	0.7877	NUM
emaj-58	148	47	12	12	NUM
emaj-58	148	48	0.0350	0.0350	NUM
emaj-58	148	49	0.8608	0.8608	NUM
emaj-58	148	50	98.3514	98.3514	NUM
emaj-58	148	51	0.7878	0.7878	NUM
emaj-58	148	52	cholesky	cholesky	ADJ
emaj-58	148	53	ordering	ordering	NOUN
emaj-58	148	54	:	:	PUNCT
emaj-58	148	55	se	se	PROPN
emaj-58	148	56	ru	ru	PROPN
emaj-58	148	57	in	in	ADP
emaj-58	148	58	sh	sh	PROPN
emaj-58	148	59	in	in	ADP
emaj-58	148	60	1	1	NUM
emaj-58	148	61	0.0342	0.0342	NUM
emaj-58	148	62	0.0000	0.0000	NUM
emaj-58	148	63	0.0000	0.0000	NUM
emaj-58	148	64	100.0000	100.0000	NUM
emaj-58	148	65	2	2	NUM
emaj-58	148	66	0.0344	0.0344	NUM
emaj-58	148	67	0.0114	0.0114	NUM
emaj-58	148	68	0.5976	0.5976	NUM
emaj-58	148	69	99.3911	99.3911	NUM
emaj-58	148	70	3	3	NUM
emaj-58	148	71	0.0346	0.0346	NUM
emaj-58	148	72	0.0425	0.0425	NUM
emaj-58	148	73	1.1719	1.1719	NUM
emaj-58	148	74	98.7856	98.7856	NUM
emaj-58	148	75	4	4	NUM
emaj-58	148	76	0.0348	0.0348	NUM
emaj-58	148	77	0.1041	0.1041	NUM
emaj-58	148	78	1.3172	1.3172	NUM
emaj-58	148	79	98.5786	98.5786	NUM
emaj-58	148	80	5	5	NUM
emaj-58	148	81	0.0349	0.0349	NUM
emaj-58	148	82	0.1188	0.1188	NUM
emaj-58	148	83	1.3377	1.3377	NUM
emaj-58	148	84	98.5435	98.5435	NUM
emaj-58	148	85	6	6	NUM
emaj-58	148	86	0.0349	0.0349	NUM
emaj-58	148	87	0.1460	0.1460	NUM
emaj-58	148	88	1.3884	1.3884	NUM
emaj-58	148	89	98.4657	98.4657	NUM
emaj-58	148	90	7	7	NUM
emaj-58	149	1	0.0350	0.0350	NUM
emaj-58	149	2	0.1525	0.1525	NUM
emaj-58	149	3	1.4450	1.4450	NUM
emaj-58	149	4	98.4025	98.4025	NUM
emaj-58	149	5	8	8	NUM
emaj-58	149	6	0.0350	0.0350	NUM
emaj-58	149	7	0.1527	0.1527	NUM
emaj-58	149	8	1.4516	1.4516	NUM
emaj-58	149	9	98.3957	98.3957	NUM
emaj-58	149	10	9	9	NUM
emaj-58	149	11	0.0350	0.0350	NUM
emaj-58	149	12	0.1537	0.1537	NUM
emaj-58	149	13	1.4595	1.4595	NUM
emaj-58	149	14	98.3868	98.3868	NUM
emaj-58	149	15	10	10	NUM
emaj-58	149	16	0.0350	0.0350	NUM
emaj-58	149	17	0.1540	0.1540	NUM
emaj-58	150	1	1.4598	1.4598	NUM
emaj-58	150	2	98.3862	98.3862	NUM
emaj-58	150	3	11	11	NUM
emaj-58	150	4	0.0350	0.0350	NUM
emaj-58	150	5	0.1540	0.1540	NUM
emaj-58	150	6	1.4599	1.4599	NUM
emaj-58	150	7	98.3862	98.3862	NUM
emaj-58	150	8	12	12	NUM
emaj-58	150	9	0.0350	0.0350	NUM
emaj-58	150	10	0.1540	0.1540	NUM
emaj-58	150	11	1.4603	1.4603	NUM
emaj-58	150	12	98.3857	98.3857	NUM
emaj-58	150	13	cholesky	cholesky	NOUN
emaj-58	150	14	ordering	ordering	NOUN
emaj-58	150	15	:	:	PUNCT
emaj-58	150	16	se	se	ADV
emaj-58	150	17	in	in	ADP
emaj-58	150	18	ru	ru	PROPN
emaj-58	150	19	sh	sh	PROPN
emaj-58	150	20	4.2.4	4.2.4	NUM
emaj-58	150	21	robustness	robustness	NOUN
emaj-58	150	22	test	test	NOUN
emaj-58	150	23	the	the	DET
emaj-58	150	24	2008	2008	NUM
emaj-58	150	25	international	international	ADJ
emaj-58	150	26	financial	financial	ADJ
emaj-58	150	27	crisis	crisis	NOUN
emaj-58	150	28	brought	bring	VERB
emaj-58	150	29	a	a	DET
emaj-58	150	30	huge	huge	ADJ
emaj-58	150	31	and	and	CCONJ
emaj-58	150	32	deep	deep	ADJ
emaj-58	150	33	influence	influence	NOUN
emaj-58	150	34	on	on	ADP
emaj-58	150	35	the	the	DET
emaj-58	150	36	global	global	ADJ
emaj-58	150	37	financial	financial	ADJ
emaj-58	150	38	markets	market	NOUN
emaj-58	150	39	.	.	PUNCT
emaj-58	151	1	considering	consider	VERB
emaj-58	151	2	the	the	DET
emaj-58	151	3	robustness	robustness	NOUN
emaj-58	151	4	,	,	PUNCT
emaj-58	151	5	this	this	DET
emaj-58	151	6	study	study	NOUN
emaj-58	151	7	divided	divide	VERB
emaj-58	151	8	the	the	DET
emaj-58	151	9	full	full	ADJ
emaj-58	151	10	sample	sample	NOUN
emaj-58	151	11	into	into	ADP
emaj-58	151	12	two	two	NUM
emaj-58	151	13	sub	sub	NOUN
emaj-58	151	14	-	-	NOUN
emaj-58	151	15	samples	sample	NOUN
emaj-58	151	16	by	by	ADP
emaj-58	151	17	the	the	DET
emaj-58	151	18	crisis	crisis	NOUN
emaj-58	151	19	and	and	CCONJ
emaj-58	151	20	analyzed	analyze	VERB
emaj-58	151	21	the	the	DET
emaj-58	151	22	two	two	NUM
emaj-58	151	23	periods	period	NOUN
emaj-58	151	24	respectively	respectively	ADV
emaj-58	151	25	.	.	PUNCT
emaj-58	152	1	the	the	DET
emaj-58	152	2	sub	sub	NOUN
emaj-58	152	3	-	-	NOUN
emaj-58	152	4	sample	sample	ADJ
emaj-58	152	5	1	1	NUM
emaj-58	152	6	(	(	PUNCT
emaj-58	152	7	january	january	PROPN
emaj-58	152	8	volume	volume	NOUN
emaj-58	152	9	4	4	NUM
emaj-58	152	10	no	no	DET
emaj-58	152	11	1	1	NUM
emaj-58	152	12	(	(	PUNCT
emaj-58	152	13	2014	2014	NUM
emaj-58	152	14	)	)	PUNCT
emaj-58	152	15	|	|	ADV
emaj-58	152	16	issn	issn	VERB
emaj-58	152	17	2158	2158	NUM
emaj-58	152	18	-	-	SYM
emaj-58	152	19	8708	8708	NUM
emaj-58	152	20	(	(	PUNCT
emaj-58	152	21	online	online	NOUN
emaj-58	152	22	)	)	PUNCT
emaj-58	152	23	|	|	ADV
emaj-58	152	24	doi	doi	X
emaj-58	152	25	10.5195	10.5195	NUM
emaj-58	152	26	/	/	SYM
emaj-58	152	27	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	152	28	|	|	NOUN
emaj-58	152	29	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-58	152	30	study	study	NOUN
emaj-58	152	31	on	on	ADP
emaj-58	152	32	the	the	DET
emaj-58	152	33	shock	shock	NOUN
emaj-58	152	34	-	-	PUNCT
emaj-58	152	35	transmission	transmission	NOUN
emaj-58	152	36	mechanism	mechanism	NOUN
emaj-58	152	37	of	of	ADP
emaj-58	152	38	stock	stock	NOUN
emaj-58	152	39	price	price	NOUN
emaj-58	152	40	among	among	ADP
emaj-58	152	41	china	china	PROPN
emaj-58	152	42	,	,	PUNCT
emaj-58	152	43	russia	russia	PROPN
emaj-58	152	44	and	and	CCONJ
emaj-58	152	45	india	india	PROPN
emaj-58	152	46	emerging	emerge	VERB
emaj-58	152	47	markets	market	NOUN
emaj-58	152	48	journal	journal	NOUN
emaj-58	153	1	|	|	ADV
emaj-58	153	2	p	p	NOUN
emaj-58	153	3	a	a	DET
emaj-58	153	4	g	g	NOUN
emaj-58	153	5	e	e	NOUN
emaj-58	153	6	|40	|40	NOUN
emaj-58	153	7	1998	1998	NUM
emaj-58	153	8	-	-	SYM
emaj-58	153	9	december	december	PROPN
emaj-58	153	10	2007	2007	NUM
emaj-58	153	11	)	)	PUNCT
emaj-58	153	12	includes	include	VERB
emaj-58	153	13	494	494	NUM
emaj-58	153	14	observations	observation	NOUN
emaj-58	153	15	and	and	CCONJ
emaj-58	153	16	sub	sub	NOUN
emaj-58	153	17	-	-	NOUN
emaj-58	153	18	sample	sample	ADJ
emaj-58	153	19	2	2	NUM
emaj-58	153	20	(	(	PUNCT
emaj-58	153	21	january	january	PROPN
emaj-58	153	22	2008december	2008december	NUM
emaj-58	153	23	2012	2012	NUM
emaj-58	153	24	)	)	PUNCT
emaj-58	153	25	includes	include	VERB
emaj-58	153	26	252	252	NUM
emaj-58	153	27	observations	observation	NOUN
emaj-58	153	28	.	.	PUNCT
emaj-58	154	1	the	the	DET
emaj-58	154	2	results	result	NOUN
emaj-58	154	3	suggested	suggest	VERB
emaj-58	154	4	during	during	ADP
emaj-58	154	5	the	the	DET
emaj-58	154	6	period	period	NOUN
emaj-58	154	7	of	of	ADP
emaj-58	154	8	sub	sub	NOUN
emaj-58	154	9	-	-	NOUN
emaj-58	154	10	sample	sample	ADJ
emaj-58	154	11	2	2	NUM
emaj-58	154	12	,	,	PUNCT
emaj-58	154	13	the	the	DET
emaj-58	154	14	external	external	ADJ
emaj-58	154	15	price	price	NOUN
emaj-58	154	16	shock	shock	NOUN
emaj-58	154	17	has	have	VERB
emaj-58	154	18	a	a	DET
emaj-58	154	19	more	more	ADV
emaj-58	154	20	obvious	obvious	ADJ
emaj-58	154	21	impact	impact	NOUN
emaj-58	154	22	on	on	ADP
emaj-58	154	23	the	the	DET
emaj-58	154	24	domestic	domestic	ADJ
emaj-58	154	25	stock	stock	NOUN
emaj-58	154	26	price	price	NOUN
emaj-58	154	27	.	.	PUNCT
emaj-58	155	1	moreover	moreover	ADV
emaj-58	155	2	,	,	PUNCT
emaj-58	155	3	the	the	DET
emaj-58	155	4	sensitivity	sensitivity	NOUN
emaj-58	155	5	and	and	CCONJ
emaj-58	155	6	response	response	NOUN
emaj-58	155	7	magnitude	magnitude	NOUN
emaj-58	155	8	increase	increase	NOUN
emaj-58	155	9	significantly	significantly	ADV
emaj-58	155	10	too	too	ADV
emaj-58	155	11	.	.	PUNCT
emaj-58	156	1	specifically	specifically	ADV
emaj-58	156	2	,	,	PUNCT
emaj-58	156	3	the	the	DET
emaj-58	156	4	main	main	ADJ
emaj-58	156	5	conclusions	conclusion	NOUN
emaj-58	156	6	of	of	ADP
emaj-58	156	7	the	the	DET
emaj-58	156	8	robust	robust	ADJ
emaj-58	156	9	test	test	NOUN
emaj-58	156	10	are	be	AUX
emaj-58	156	11	as	as	SCONJ
emaj-58	156	12	follows	follow	VERB
emaj-58	156	13	:	:	PUNCT
emaj-58	156	14	first	first	ADV
emaj-58	156	15	,	,	PUNCT
emaj-58	156	16	the	the	DET
emaj-58	156	17	correlation	correlation	NOUN
emaj-58	156	18	among	among	ADP
emaj-58	156	19	three	three	NUM
emaj-58	156	20	stock	stock	NOUN
emaj-58	156	21	markets	market	NOUN
emaj-58	156	22	increased	increase	VERB
emaj-58	156	23	significantly	significantly	ADV
emaj-58	156	24	at	at	ADP
emaj-58	156	25	the	the	DET
emaj-58	156	26	later	later	ADJ
emaj-58	156	27	stage	stage	NOUN
emaj-58	156	28	.	.	PUNCT
emaj-58	157	1	the	the	DET
emaj-58	157	2	correlation	correlation	NOUN
emaj-58	157	3	coefficients	coefficient	NOUN
emaj-58	157	4	between	between	ADP
emaj-58	157	5	china	china	PROPN
emaj-58	157	6	and	and	CCONJ
emaj-58	157	7	russia	russia	PROPN
emaj-58	157	8	,	,	PUNCT
emaj-58	157	9	china	china	PROPN
emaj-58	157	10	and	and	CCONJ
emaj-58	157	11	india	india	PROPN
emaj-58	157	12	,	,	PUNCT
emaj-58	157	13	russia	russia	PROPN
emaj-58	157	14	and	and	CCONJ
emaj-58	157	15	india	india	PROPN
emaj-58	157	16	are	be	AUX
emaj-58	157	17	0.0598	0.0598	NUM
emaj-58	157	18	,	,	PUNCT
emaj-58	157	19	0.0965	0.0965	NUM
emaj-58	157	20	and	and	CCONJ
emaj-58	157	21	0.2439	0.2439	NUM
emaj-58	157	22	for	for	ADP
emaj-58	157	23	the	the	DET
emaj-58	157	24	sub	sub	NOUN
emaj-58	157	25	-	-	NOUN
emaj-58	157	26	sample	sample	ADJ
emaj-58	157	27	1	1	NUM
emaj-58	157	28	respectively	respectively	ADV
emaj-58	157	29	,	,	PUNCT
emaj-58	157	30	while	while	SCONJ
emaj-58	157	31	those	those	PRON
emaj-58	157	32	are	be	AUX
emaj-58	157	33	0.1495	0.1495	NUM
emaj-58	157	34	,	,	PUNCT
emaj-58	157	35	0.2196	0.2196	NUM
emaj-58	157	36	and	and	CCONJ
emaj-58	157	37	0.6150	0.6150	NUM
emaj-58	157	38	for	for	ADP
emaj-58	157	39	the	the	DET
emaj-58	157	40	sub	sub	NOUN
emaj-58	157	41	-	-	NOUN
emaj-58	157	42	sample	sample	ADJ
emaj-58	157	43	2	2	NUM
emaj-58	157	44	respectively	respectively	ADV
emaj-58	157	45	.	.	PUNCT
emaj-58	158	1	second	second	ADJ
emaj-58	158	2	,	,	PUNCT
emaj-58	158	3	the	the	DET
emaj-58	158	4	granger	granger	PROPN
emaj-58	158	5	causality	causality	NOUN
emaj-58	158	6	tests	test	NOUN
emaj-58	158	7	showed	show	VERB
emaj-58	158	8	that	that	SCONJ
emaj-58	158	9	in	in	ADP
emaj-58	158	10	granger	granger	PROPN
emaj-58	158	11	causes	cause	VERB
emaj-58	158	12	ru	ru	NOUN
emaj-58	158	13	and	and	CCONJ
emaj-58	158	14	there	there	PRON
emaj-58	158	15	is	be	VERB
emaj-58	158	16	no	no	DET
emaj-58	158	17	any	any	DET
emaj-58	158	18	other	other	ADJ
emaj-58	158	19	causality	causality	NOUN
emaj-58	158	20	for	for	ADP
emaj-58	158	21	the	the	DET
emaj-58	158	22	sample	sample	NOUN
emaj-58	158	23	series	series	NOUN
emaj-58	158	24	at	at	ADP
emaj-58	158	25	the	the	DET
emaj-58	158	26	previous	previous	ADJ
emaj-58	158	27	stage	stage	NOUN
emaj-58	158	28	.	.	PUNCT
emaj-58	159	1	meanwhile	meanwhile	ADV
emaj-58	159	2	,	,	PUNCT
emaj-58	159	3	at	at	ADP
emaj-58	159	4	the	the	DET
emaj-58	159	5	second	second	ADJ
emaj-58	159	6	stage	stage	NOUN
emaj-58	159	7	,	,	PUNCT
emaj-58	159	8	sh	sh	PROPN
emaj-58	159	9	does	do	AUX
emaj-58	159	10	exist	exist	VERB
emaj-58	159	11	the	the	DET
emaj-58	159	12	granger	granger	PROPN
emaj-58	159	13	causality	causality	NOUN
emaj-58	159	14	to	to	PART
emaj-58	159	15	ru	ru	VERB
emaj-58	159	16	and	and	CCONJ
emaj-58	159	17	in	in	ADV
emaj-58	159	18	,	,	PUNCT
emaj-58	159	19	and	and	CCONJ
emaj-58	159	20	a	a	DET
emaj-58	159	21	bilateral	bilateral	ADJ
emaj-58	159	22	causality	causality	NOUN
emaj-58	159	23	between	between	ADP
emaj-58	159	24	ru	ru	PROPN
emaj-58	159	25	and	and	CCONJ
emaj-58	159	26	in	in	ADV
emaj-58	159	27	is	be	AUX
emaj-58	159	28	found	find	VERB
emaj-58	159	29	.	.	PUNCT
emaj-58	160	1	third	third	ADJ
emaj-58	160	2	,	,	PUNCT
emaj-58	160	3	the	the	DET
emaj-58	160	4	results	result	NOUN
emaj-58	160	5	of	of	ADP
emaj-58	160	6	impulse	impulse	ADJ
emaj-58	160	7	response	response	NOUN
emaj-58	160	8	analysis	analysis	NOUN
emaj-58	160	9	are	be	AUX
emaj-58	160	10	obtained	obtain	VERB
emaj-58	160	11	the	the	DET
emaj-58	160	12	following	following	ADJ
emaj-58	160	13	findings	finding	NOUN
emaj-58	160	14	:	:	PUNCT
emaj-58	160	15	1	1	X
emaj-58	160	16	)	)	PUNCT
emaj-58	160	17	for	for	ADP
emaj-58	160	18	the	the	DET
emaj-58	160	19	sub	sub	NOUN
emaj-58	160	20	-	-	NOUN
emaj-58	160	21	sample	sample	ADJ
emaj-58	160	22	1	1	NUM
emaj-58	160	23	,	,	PUNCT
emaj-58	160	24	the	the	DET
emaj-58	160	25	response	response	NOUN
emaj-58	160	26	of	of	ADP
emaj-58	160	27	the	the	DET
emaj-58	160	28	three	three	NUM
emaj-58	160	29	markets	market	NOUN
emaj-58	160	30	to	to	ADP
emaj-58	160	31	new	new	ADJ
emaj-58	160	32	shock	shock	NOUN
emaj-58	160	33	usually	usually	ADV
emaj-58	160	34	lasted	last	VERB
emaj-58	160	35	for	for	ADP
emaj-58	160	36	about	about	ADV
emaj-58	160	37	5	5	NUM
emaj-58	160	38	or	or	CCONJ
emaj-58	160	39	6	6	NUM
emaj-58	160	40	weeks	week	NOUN
emaj-58	160	41	,	,	PUNCT
emaj-58	160	42	followed	follow	VERB
emaj-58	160	43	by	by	ADP
emaj-58	160	44	a	a	DET
emaj-58	160	45	rapid	rapid	ADJ
emaj-58	160	46	convergence	convergence	NOUN
emaj-58	160	47	and	and	CCONJ
emaj-58	160	48	stable	stable	ADJ
emaj-58	160	49	trend	trend	NOUN
emaj-58	160	50	.	.	PUNCT
emaj-58	161	1	however	however	ADV
emaj-58	161	2	,	,	PUNCT
emaj-58	161	3	for	for	ADP
emaj-58	161	4	the	the	DET
emaj-58	161	5	sub	sub	NOUN
emaj-58	161	6	-	-	NOUN
emaj-58	161	7	sample	sample	ADJ
emaj-58	161	8	2	2	NUM
emaj-58	161	9	,	,	PUNCT
emaj-58	161	10	there	there	PRON
emaj-58	161	11	is	be	VERB
emaj-58	161	12	no	no	DET
emaj-58	161	13	evidence	evidence	NOUN
emaj-58	161	14	for	for	ADP
emaj-58	161	15	a	a	DET
emaj-58	161	16	convergence	convergence	NOUN
emaj-58	161	17	and	and	CCONJ
emaj-58	161	18	the	the	DET
emaj-58	161	19	impact	impact	NOUN
emaj-58	161	20	of	of	ADP
emaj-58	161	21	external	external	ADJ
emaj-58	161	22	stock	stock	NOUN
emaj-58	161	23	markets	market	NOUN
emaj-58	161	24	on	on	ADP
emaj-58	161	25	the	the	DET
emaj-58	161	26	domestic	domestic	ADJ
emaj-58	161	27	market	market	NOUN
emaj-58	161	28	shows	show	VERB
emaj-58	161	29	a	a	DET
emaj-58	161	30	significant	significant	ADJ
emaj-58	161	31	instability	instability	NOUN
emaj-58	161	32	.	.	PUNCT
emaj-58	162	1	this	this	PRON
emaj-58	162	2	may	may	AUX
emaj-58	162	3	prove	prove	VERB
emaj-58	162	4	that	that	SCONJ
emaj-58	162	5	the	the	DET
emaj-58	162	6	2008	2008	NUM
emaj-58	162	7	international	international	ADJ
emaj-58	162	8	financial	financial	ADJ
emaj-58	162	9	crisis	crisis	NOUN
emaj-58	162	10	has	have	VERB
emaj-58	162	11	a	a	DET
emaj-58	162	12	huge	huge	ADJ
emaj-58	162	13	effect	effect	NOUN
emaj-58	162	14	on	on	ADP
emaj-58	162	15	international	international	ADJ
emaj-58	162	16	financial	financial	ADJ
emaj-58	162	17	markets	market	NOUN
emaj-58	162	18	to	to	ADP
emaj-58	162	19	some	some	DET
emaj-58	162	20	extent	extent	NOUN
emaj-58	162	21	.	.	PUNCT
emaj-58	163	1	2	2	X
emaj-58	163	2	)	)	PUNCT
emaj-58	163	3	for	for	ADP
emaj-58	163	4	the	the	DET
emaj-58	163	5	sub	sub	NOUN
emaj-58	163	6	-	-	NOUN
emaj-58	163	7	sample	sample	ADJ
emaj-58	163	8	2	2	NUM
emaj-58	163	9	,	,	PUNCT
emaj-58	163	10	the	the	DET
emaj-58	163	11	magnitude	magnitude	NOUN
emaj-58	163	12	of	of	ADP
emaj-58	163	13	response	response	NOUN
emaj-58	163	14	is	be	AUX
emaj-58	163	15	much	much	ADV
emaj-58	163	16	larger	large	ADJ
emaj-58	163	17	than	than	ADP
emaj-58	163	18	that	that	PRON
emaj-58	163	19	for	for	ADP
emaj-58	163	20	the	the	DET
emaj-58	163	21	sub	sub	NOUN
emaj-58	163	22	-	-	NOUN
emaj-58	163	23	sample	sample	ADJ
emaj-58	163	24	1	1	NUM
emaj-58	163	25	.	.	NOUN
emaj-58	163	26	3	3	NUM
emaj-58	163	27	)	)	PUNCT
emaj-58	163	28	the	the	DET
emaj-58	163	29	shanghai	shanghai	PROPN
emaj-58	163	30	stock	stock	PROPN
emaj-58	163	31	market	market	NOUN
emaj-58	163	32	made	make	VERB
emaj-58	163	33	a	a	DET
emaj-58	163	34	positive	positive	ADJ
emaj-58	163	35	response	response	NOUN
emaj-58	163	36	to	to	ADP
emaj-58	163	37	the	the	DET
emaj-58	163	38	price	price	NOUN
emaj-58	163	39	shocks	shock	NOUN
emaj-58	163	40	coming	come	VERB
emaj-58	163	41	from	from	ADP
emaj-58	163	42	the	the	DET
emaj-58	163	43	russian	russian	ADJ
emaj-58	163	44	and	and	CCONJ
emaj-58	163	45	indian	indian	ADJ
emaj-58	163	46	stock	stock	NOUN
emaj-58	163	47	markets	market	NOUN
emaj-58	163	48	for	for	ADP
emaj-58	163	49	both	both	DET
emaj-58	163	50	sub	sub	NOUN
emaj-58	163	51	-	-	NOUN
emaj-58	163	52	samples	sample	NOUN
emaj-58	163	53	.	.	PUNCT
emaj-58	164	1	the	the	DET
emaj-58	164	2	accumulated	accumulate	VERB
emaj-58	164	3	effect	effect	NOUN
emaj-58	164	4	of	of	ADP
emaj-58	164	5	the	the	DET
emaj-58	164	6	russian	russian	ADJ
emaj-58	164	7	stock	stock	NOUN
emaj-58	164	8	market	market	NOUN
emaj-58	164	9	to	to	ADP
emaj-58	164	10	the	the	DET
emaj-58	164	11	price	price	NOUN
emaj-58	164	12	shock	shock	NOUN
emaj-58	164	13	from	from	ADP
emaj-58	164	14	china	china	PROPN
emaj-58	164	15	and	and	CCONJ
emaj-58	164	16	india	india	PROPN
emaj-58	164	17	began	begin	VERB
emaj-58	164	18	positively	positively	ADV
emaj-58	164	19	,	,	PUNCT
emaj-58	164	20	and	and	CCONJ
emaj-58	164	21	turn	turn	VERB
emaj-58	164	22	negative	negative	ADJ
emaj-58	164	23	gradually	gradually	ADV
emaj-58	164	24	before	before	ADP
emaj-58	164	25	coming	come	VERB
emaj-58	164	26	to	to	ADP
emaj-58	164	27	stability	stability	NOUN
emaj-58	164	28	for	for	ADP
emaj-58	164	29	the	the	DET
emaj-58	164	30	sub	sub	NOUN
emaj-58	164	31	-	-	NOUN
emaj-58	164	32	sample	sample	ADJ
emaj-58	164	33	1	1	NUM
emaj-58	164	34	.	.	PUNCT
emaj-58	165	1	however	however	ADV
emaj-58	165	2	,	,	PUNCT
emaj-58	165	3	for	for	ADP
emaj-58	165	4	the	the	DET
emaj-58	165	5	sub	sub	NOUN
emaj-58	165	6	-	-	NOUN
emaj-58	165	7	sample	sample	ADJ
emaj-58	165	8	2	2	NUM
emaj-58	165	9	,	,	PUNCT
emaj-58	165	10	the	the	DET
emaj-58	165	11	accumulated	accumulate	VERB
emaj-58	165	12	response	response	NOUN
emaj-58	165	13	of	of	ADP
emaj-58	165	14	the	the	DET
emaj-58	165	15	russian	russian	ADJ
emaj-58	165	16	stock	stock	NOUN
emaj-58	165	17	market	market	NOUN
emaj-58	165	18	to	to	ADP
emaj-58	165	19	the	the	DET
emaj-58	165	20	price	price	NOUN
emaj-58	165	21	shock	shock	NOUN
emaj-58	165	22	from	from	ADP
emaj-58	165	23	china	china	PROPN
emaj-58	165	24	is	be	AUX
emaj-58	165	25	still	still	ADV
emaj-58	165	26	positive	positive	ADJ
emaj-58	165	27	,	,	PUNCT
emaj-58	165	28	but	but	CCONJ
emaj-58	165	29	that	that	DET
emaj-58	165	30	effect	effect	NOUN
emaj-58	165	31	of	of	ADP
emaj-58	165	32	the	the	DET
emaj-58	165	33	shock	shock	NOUN
emaj-58	165	34	from	from	ADP
emaj-58	165	35	india	india	PROPN
emaj-58	165	36	is	be	AUX
emaj-58	165	37	positive	positive	ADJ
emaj-58	165	38	at	at	ADP
emaj-58	165	39	first	first	ADV
emaj-58	165	40	and	and	CCONJ
emaj-58	165	41	then	then	ADV
emaj-58	165	42	turns	turn	VERB
emaj-58	165	43	negative	negative	ADJ
emaj-58	165	44	.	.	PUNCT
emaj-58	166	1	finally	finally	ADV
emaj-58	166	2	,	,	PUNCT
emaj-58	166	3	the	the	DET
emaj-58	166	4	accumulated	accumulate	VERB
emaj-58	166	5	response	response	NOUN
emaj-58	166	6	of	of	ADP
emaj-58	166	7	the	the	DET
emaj-58	166	8	indian	indian	ADJ
emaj-58	166	9	stock	stock	NOUN
emaj-58	166	10	market	market	NOUN
emaj-58	166	11	to	to	ADP
emaj-58	166	12	the	the	DET
emaj-58	166	13	shock	shock	NOUN
emaj-58	166	14	from	from	ADP
emaj-58	166	15	china	china	PROPN
emaj-58	166	16	always	always	ADV
emaj-58	166	17	kept	keep	VERB
emaj-58	166	18	negative	negative	ADJ
emaj-58	166	19	for	for	ADP
emaj-58	166	20	the	the	DET
emaj-58	166	21	sub	sub	NOUN
emaj-58	166	22	-	-	NOUN
emaj-58	166	23	sample	sample	ADJ
emaj-58	166	24	1	1	NUM
emaj-58	166	25	while	while	SCONJ
emaj-58	166	26	it	it	PRON
emaj-58	166	27	kept	keep	VERB
emaj-58	166	28	positive	positive	ADJ
emaj-58	166	29	for	for	ADP
emaj-58	166	30	the	the	DET
emaj-58	166	31	sub	sub	NOUN
emaj-58	166	32	-	-	NOUN
emaj-58	166	33	sample	sample	ADJ
emaj-58	166	34	2	2	NUM
emaj-58	166	35	.	.	PUNCT
emaj-58	167	1	the	the	DET
emaj-58	167	2	accumulated	accumulate	VERB
emaj-58	167	3	response	response	NOUN
emaj-58	167	4	of	of	ADP
emaj-58	167	5	the	the	DET
emaj-58	167	6	indian	indian	ADJ
emaj-58	167	7	market	market	NOUN
emaj-58	167	8	to	to	ADP
emaj-58	167	9	the	the	DET
emaj-58	167	10	price	price	NOUN
emaj-58	167	11	shock	shock	NOUN
emaj-58	167	12	from	from	ADP
emaj-58	167	13	russia	russia	PROPN
emaj-58	167	14	kept	keep	VERB
emaj-58	167	15	positive	positive	ADJ
emaj-58	167	16	at	at	ADP
emaj-58	167	17	both	both	DET
emaj-58	167	18	stages	stage	NOUN
emaj-58	167	19	,	,	PUNCT
emaj-58	167	20	while	while	SCONJ
emaj-58	167	21	the	the	DET
emaj-58	167	22	scale	scale	NOUN
emaj-58	167	23	of	of	ADP
emaj-58	167	24	this	this	DET
emaj-58	167	25	effect	effect	NOUN
emaj-58	167	26	is	be	AUX
emaj-58	167	27	much	much	ADV
emaj-58	167	28	larger	large	ADJ
emaj-58	167	29	at	at	ADP
emaj-58	167	30	the	the	DET
emaj-58	167	31	second	second	ADJ
emaj-58	167	32	stage	stage	NOUN
emaj-58	167	33	.	.	PUNCT
emaj-58	168	1	forth	forth	ADV
emaj-58	168	2	,	,	PUNCT
emaj-58	168	3	the	the	DET
emaj-58	168	4	results	result	NOUN
emaj-58	168	5	of	of	ADP
emaj-58	168	6	variance	variance	NOUN
emaj-58	168	7	decomposition	decomposition	NOUN
emaj-58	168	8	for	for	ADP
emaj-58	168	9	the	the	DET
emaj-58	168	10	subsamples	subsample	NOUN
emaj-58	168	11	are	be	AUX
emaj-58	168	12	very	very	ADV
emaj-58	168	13	similar	similar	ADJ
emaj-58	168	14	to	to	ADP
emaj-58	168	15	those	those	PRON
emaj-58	168	16	of	of	ADP
emaj-58	168	17	the	the	DET
emaj-58	168	18	full	full	ADJ
emaj-58	168	19	sample	sample	NOUN
emaj-58	168	20	,	,	PUNCT
emaj-58	168	21	that	that	ADV
emaj-58	168	22	is	is	ADV
emaj-58	168	23	,	,	PUNCT
emaj-58	168	24	the	the	DET
emaj-58	168	25	own	own	ADJ
emaj-58	168	26	rvc	rvc	NOUN
emaj-58	168	27	of	of	ADP
emaj-58	168	28	each	each	DET
emaj-58	168	29	market	market	NOUN
emaj-58	168	30	in	in	ADP
emaj-58	168	31	variance	variance	NOUN
emaj-58	168	32	deposition	deposition	NOUN
emaj-58	168	33	is	be	AUX
emaj-58	168	34	the	the	DET
emaj-58	168	35	largest	large	ADJ
emaj-58	168	36	,	,	PUNCT
emaj-58	168	37	and	and	CCONJ
emaj-58	168	38	the	the	DET
emaj-58	168	39	share	share	NOUN
emaj-58	168	40	of	of	ADP
emaj-58	168	41	external	external	ADJ
emaj-58	168	42	markets	market	NOUN
emaj-58	168	43	to	to	ADP
emaj-58	168	44	the	the	DET
emaj-58	168	45	variance	variance	NOUN
emaj-58	168	46	reach	reach	VERB
emaj-58	168	47	peaks	peak	NOUN
emaj-58	168	48	in	in	ADP
emaj-58	168	49	the	the	DET
emaj-58	168	50	12th	12th	ADJ
emaj-58	168	51	week	week	NOUN
emaj-58	168	52	,	,	PUNCT
emaj-58	168	53	too	too	ADV
emaj-58	168	54	.	.	PUNCT
emaj-58	169	1	for	for	ADP
emaj-58	169	2	the	the	DET
emaj-58	169	3	sub	sub	NOUN
emaj-58	169	4	-	-	NOUN
emaj-58	169	5	sample	sample	ADJ
emaj-58	169	6	1	1	NUM
emaj-58	169	7	,	,	PUNCT
emaj-58	169	8	the	the	DET
emaj-58	169	9	maximum	maximum	ADJ
emaj-58	169	10	share	share	NOUN
emaj-58	169	11	of	of	ADP
emaj-58	169	12	ru	ru	NOUN
emaj-58	169	13	and	and	CCONJ
emaj-58	169	14	in	in	ADP
emaj-58	169	15	in	in	ADP
emaj-58	169	16	the	the	DET
emaj-58	169	17	variance	variance	NOUN
emaj-58	169	18	of	of	ADP
emaj-58	169	19	sh	sh	PROPN
emaj-58	169	20	are	be	AUX
emaj-58	169	21	2.3299	2.3299	NUM
emaj-58	169	22	%	%	NOUN
emaj-58	169	23	and	and	CCONJ
emaj-58	169	24	0.7335	0.7335	NUM
emaj-58	169	25	%	%	NOUN
emaj-58	169	26	respectively	respectively	ADV
emaj-58	169	27	,	,	PUNCT
emaj-58	169	28	those	those	PRON
emaj-58	169	29	of	of	ADP
emaj-58	169	30	sh	sh	PROPN
emaj-58	169	31	and	and	CCONJ
emaj-58	169	32	in	in	ADP
emaj-58	169	33	in	in	ADP
emaj-58	169	34	the	the	DET
emaj-58	169	35	variance	variance	NOUN
emaj-58	169	36	of	of	ADP
emaj-58	169	37	ru	ru	PROPN
emaj-58	169	38	are	be	AUX
emaj-58	169	39	1.0526	1.0526	NUM
emaj-58	169	40	%	%	NOUN
emaj-58	169	41	and	and	CCONJ
emaj-58	169	42	1.2389	1.2389	NUM
emaj-58	169	43	%	%	NOUN
emaj-58	169	44	respectively	respectively	ADV
emaj-58	169	45	and	and	CCONJ
emaj-58	169	46	those	those	PRON
emaj-58	169	47	of	of	ADP
emaj-58	169	48	sh	sh	PROPN
emaj-58	169	49	and	and	CCONJ
emaj-58	169	50	ru	ru	PROPN
emaj-58	169	51	in	in	ADP
emaj-58	169	52	the	the	DET
emaj-58	169	53	variance	variance	NOUN
emaj-58	169	54	of	of	ADP
emaj-58	169	55	in	in	ADP
emaj-58	169	56	are	be	AUX
emaj-58	169	57	0.4846	0.4846	NUM
emaj-58	169	58	%	%	NOUN
emaj-58	169	59	and	and	CCONJ
emaj-58	169	60	2.6953	2.6953	NUM
emaj-58	169	61	%	%	NOUN
emaj-58	169	62	respectively	respectively	ADV
emaj-58	169	63	.	.	PUNCT
emaj-58	170	1	for	for	ADP
emaj-58	170	2	the	the	DET
emaj-58	170	3	sub	sub	NOUN
emaj-58	170	4	-	-	NOUN
emaj-58	170	5	sample	sample	ADJ
emaj-58	170	6	2	2	NUM
emaj-58	170	7	,	,	PUNCT
emaj-58	170	8	the	the	DET
emaj-58	170	9	maximum	maximum	ADJ
emaj-58	170	10	shares	share	NOUN
emaj-58	170	11	of	of	ADP
emaj-58	170	12	ru	ru	NOUN
emaj-58	170	13	and	and	CCONJ
emaj-58	170	14	in	in	ADP
emaj-58	170	15	in	in	ADP
emaj-58	170	16	the	the	DET
emaj-58	170	17	variance	variance	NOUN
emaj-58	170	18	of	of	ADP
emaj-58	170	19	sh	sh	PROPN
emaj-58	170	20	are	be	AUX
emaj-58	170	21	4.7059	4.7059	NUM
emaj-58	170	22	%	%	NOUN
emaj-58	170	23	and	and	CCONJ
emaj-58	170	24	3.4877	3.4877	NUM
emaj-58	170	25	%	%	NOUN
emaj-58	170	26	respectively	respectively	ADV
emaj-58	170	27	,	,	PUNCT
emaj-58	170	28	those	those	PRON
emaj-58	170	29	of	of	ADP
emaj-58	170	30	sh	sh	PROPN
emaj-58	170	31	and	and	CCONJ
emaj-58	170	32	in	in	ADP
emaj-58	170	33	in	in	ADP
emaj-58	170	34	the	the	DET
emaj-58	170	35	variance	variance	NOUN
emaj-58	170	36	of	of	ADP
emaj-58	170	37	ru	ru	PROPN
emaj-58	170	38	are	be	AUX
emaj-58	170	39	5.1878	5.1878	NUM
emaj-58	170	40	%	%	NOUN
emaj-58	170	41	and	and	CCONJ
emaj-58	170	42	3.0448	3.0448	NUM
emaj-58	170	43	%	%	NOUN
emaj-58	170	44	respectively	respectively	ADV
emaj-58	170	45	and	and	CCONJ
emaj-58	170	46	those	those	PRON
emaj-58	170	47	of	of	ADP
emaj-58	170	48	sh	sh	PROPN
emaj-58	170	49	and	and	CCONJ
emaj-58	170	50	ru	ru	PROPN
emaj-58	170	51	in	in	ADP
emaj-58	170	52	the	the	DET
emaj-58	170	53	variance	variance	NOUN
emaj-58	170	54	of	of	ADP
emaj-58	170	55	in	in	ADP
emaj-58	170	56	are	be	AUX
emaj-58	170	57	1.1675	1.1675	NUM
emaj-58	170	58	%	%	NOUN
emaj-58	170	59	and	and	CCONJ
emaj-58	170	60	2.8793	2.8793	NUM
emaj-58	170	61	%	%	NOUN
emaj-58	170	62	respectively	respectively	ADV
emaj-58	170	63	.	.	PUNCT
emaj-58	171	1	from	from	ADP
emaj-58	171	2	above	above	ADV
emaj-58	171	3	,	,	PUNCT
emaj-58	171	4	the	the	DET
emaj-58	171	5	shares	share	NOUN
emaj-58	171	6	of	of	ADP
emaj-58	171	7	external	external	ADJ
emaj-58	171	8	markets	market	NOUN
emaj-58	171	9	in	in	ADP
emaj-58	171	10	the	the	DET
emaj-58	171	11	variance	variance	NOUN
emaj-58	171	12	of	of	ADP
emaj-58	171	13	each	each	DET
emaj-58	171	14	market	market	NOUN
emaj-58	171	15	at	at	ADP
emaj-58	171	16	the	the	DET
emaj-58	171	17	second	second	ADJ
emaj-58	171	18	stage	stage	NOUN
emaj-58	171	19	are	be	AUX
emaj-58	171	20	much	much	ADV
emaj-58	171	21	larger	large	ADJ
emaj-58	171	22	than	than	ADP
emaj-58	171	23	those	those	PRON
emaj-58	171	24	at	at	ADP
emaj-58	171	25	the	the	DET
emaj-58	171	26	first	first	ADJ
emaj-58	171	27	stage	stage	NOUN
emaj-58	171	28	,	,	PUNCT
emaj-58	171	29	and	and	CCONJ
emaj-58	171	30	the	the	DET
emaj-58	171	31	shares	share	NOUN
emaj-58	171	32	of	of	ADP
emaj-58	171	33	chinese	chinese	ADJ
emaj-58	171	34	factor	factor	NOUN
emaj-58	171	35	in	in	ADP
emaj-58	171	36	the	the	DET
emaj-58	171	37	variance	variance	NOUN
emaj-58	171	38	of	of	ADP
emaj-58	171	39	russian	russian	ADJ
emaj-58	171	40	and	and	CCONJ
emaj-58	171	41	indian	indian	ADJ
emaj-58	171	42	stock	stock	NOUN
emaj-58	171	43	returns	return	NOUN
emaj-58	171	44	increased	increase	VERB
emaj-58	171	45	largely	largely	ADV
emaj-58	171	46	at	at	ADP
emaj-58	171	47	the	the	DET
emaj-58	171	48	second	second	ADJ
emaj-58	171	49	stage	stage	NOUN
emaj-58	171	50	.	.	PUNCT
emaj-58	172	1	this	this	PRON
emaj-58	172	2	proved	prove	VERB
emaj-58	172	3	that	that	SCONJ
emaj-58	172	4	the	the	DET
emaj-58	172	5	power	power	NOUN
emaj-58	172	6	of	of	ADP
emaj-58	172	7	external	external	ADJ
emaj-58	172	8	markets	market	NOUN
emaj-58	172	9	in	in	ADP
emaj-58	172	10	forecasting	forecast	VERB
emaj-58	172	11	the	the	DET
emaj-58	172	12	price	price	NOUN
emaj-58	172	13	of	of	ADP
emaj-58	172	14	domestic	domestic	ADJ
emaj-58	172	15	stock	stock	NOUN
emaj-58	172	16	market	market	NOUN
emaj-58	172	17	rose	rise	VERB
emaj-58	172	18	after	after	ADP
emaj-58	172	19	the	the	DET
emaj-58	172	20	2008	2008	NUM
emaj-58	172	21	international	international	ADJ
emaj-58	172	22	financial	financial	ADJ
emaj-58	172	23	crisis	crisis	NOUN
emaj-58	172	24	,	,	PUNCT
emaj-58	172	25	especially	especially	ADV
emaj-58	172	26	the	the	DET
emaj-58	172	27	influence	influence	NOUN
emaj-58	172	28	of	of	ADP
emaj-58	172	29	chinese	chinese	ADJ
emaj-58	172	30	stock	stock	NOUN
emaj-58	172	31	market	market	NOUN
emaj-58	172	32	on	on	ADP
emaj-58	172	33	the	the	DET
emaj-58	172	34	russian	russian	ADJ
emaj-58	172	35	and	and	CCONJ
emaj-58	172	36	indian	indian	ADJ
emaj-58	172	37	stock	stock	NOUN
emaj-58	172	38	markets	market	NOUN
emaj-58	172	39	increased	increase	VERB
emaj-58	172	40	significantly	significantly	ADV
emaj-58	172	41	which	which	PRON
emaj-58	172	42	is	be	AUX
emaj-58	172	43	the	the	DET
emaj-58	172	44	same	same	ADJ
emaj-58	172	45	with	with	ADP
emaj-58	172	46	the	the	DET
emaj-58	172	47	conclusions	conclusion	NOUN
emaj-58	172	48	of	of	ADP
emaj-58	172	49	guangxiao	guangxiao	NOUN
emaj-58	172	50	li	li	PROPN
emaj-58	172	51	and	and	CCONJ
emaj-58	172	52	yangui	yangui	PROPN
emaj-58	172	53	zhang	zhang	PROPN
emaj-58	172	54	(	(	PUNCT
emaj-58	172	55	2008	2008	NUM
emaj-58	172	56	)	)	PUNCT
emaj-58	172	57	,	,	PUNCT
emaj-58	172	58	chuilin	chuilin	PROPN
emaj-58	172	59	yi	yi	PROPN
emaj-58	172	60	and	and	CCONJ
emaj-58	172	61	cuiyu	cuiyu	PROPN
emaj-58	172	62	zhang	zhang	PROPN
emaj-58	172	63	(	(	PUNCT
emaj-58	172	64	2010	2010	NUM
emaj-58	172	65	)	)	PUNCT
emaj-58	172	66	.	.	PUNCT
emaj-58	173	1	5	5	NUM
emaj-58	173	2	conclusion	conclusion	NOUN
emaj-58	173	3	nowadays	nowadays	ADV
emaj-58	173	4	,	,	PUNCT
emaj-58	173	5	financial	financial	ADJ
emaj-58	173	6	researchers	researcher	NOUN
emaj-58	173	7	pay	pay	VERB
emaj-58	173	8	more	more	ADJ
emaj-58	173	9	and	and	CCONJ
emaj-58	173	10	more	more	ADJ
emaj-58	173	11	attention	attention	NOUN
emaj-58	173	12	to	to	ADP
emaj-58	173	13	the	the	DET
emaj-58	173	14	price	price	NOUN
emaj-58	173	15	comovement	comovement	NOUN
emaj-58	173	16	-	-	PUNCT
emaj-58	173	17	effect	effect	NOUN
emaj-58	173	18	among	among	ADP
emaj-58	173	19	international	international	ADJ
emaj-58	173	20	stock	stock	NOUN
emaj-58	173	21	markets	market	NOUN
emaj-58	173	22	.	.	PUNCT
emaj-58	174	1	this	this	DET
emaj-58	174	2	paper	paper	NOUN
emaj-58	174	3	investigated	investigate	VERB
emaj-58	174	4	the	the	DET
emaj-58	174	5	volume	volume	NOUN
emaj-58	174	6	4	4	NUM
emaj-58	174	7	no	no	DET
emaj-58	174	8	1	1	NUM
emaj-58	174	9	(	(	PUNCT
emaj-58	174	10	2014	2014	NUM
emaj-58	174	11	)	)	PUNCT
emaj-58	174	12	|	|	ADV
emaj-58	174	13	issn	issn	VERB
emaj-58	174	14	2158	2158	NUM
emaj-58	174	15	-	-	SYM
emaj-58	174	16	8708	8708	NUM
emaj-58	174	17	(	(	PUNCT
emaj-58	174	18	online	online	NOUN
emaj-58	174	19	)	)	PUNCT
emaj-58	174	20	|	|	ADV
emaj-58	174	21	doi	doi	X
emaj-58	174	22	10.5195	10.5195	NUM
emaj-58	174	23	/	/	SYM
emaj-58	174	24	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	174	25	|	|	NOUN
emaj-58	174	26	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-58	174	27	dr.menggen	dr.menggen	PROPN
emaj-58	174	28	chen	chen	PROPN
emaj-58	174	29	p	p	PROPN
emaj-58	174	30	a	a	DET
emaj-58	174	31	g	g	NOUN
emaj-58	174	32	e	e	X
emaj-58	174	33	|41|	|41|	NOUN
emaj-58	174	34	emerging	emerge	VERB
emaj-58	174	35	markets	market	NOUN
emaj-58	174	36	journal	journal	NOUN
emaj-58	174	37	shock	shock	NOUN
emaj-58	174	38	-	-	PUNCT
emaj-58	174	39	transmission	transmission	NOUN
emaj-58	174	40	mechanism	mechanism	NOUN
emaj-58	174	41	among	among	ADP
emaj-58	174	42	three	three	NUM
emaj-58	174	43	emerging	emerge	VERB
emaj-58	174	44	stock	stock	NOUN
emaj-58	174	45	markets	market	NOUN
emaj-58	174	46	of	of	ADP
emaj-58	174	47	china	china	PROPN
emaj-58	174	48	,	,	PUNCT
emaj-58	174	49	russia	russia	PROPN
emaj-58	174	50	and	and	CCONJ
emaj-58	174	51	india	india	PROPN
emaj-58	174	52	,	,	PUNCT
emaj-58	174	53	with	with	ADP
emaj-58	174	54	a	a	DET
emaj-58	174	55	sample	sample	NOUN
emaj-58	174	56	of	of	ADP
emaj-58	174	57	weekly	weekly	ADJ
emaj-58	174	58	closing	closing	NOUN
emaj-58	174	59	price	price	NOUN
emaj-58	174	60	including	include	VERB
emaj-58	174	61	shanghai	shanghai	PROPN
emaj-58	174	62	composite	composite	PROPN
emaj-58	174	63	index	index	NOUN
emaj-58	174	64	,	,	PUNCT
emaj-58	174	65	russia	russia	PROPN
emaj-58	174	66	rts	rt	NOUN
emaj-58	174	67	index	index	NOUN
emaj-58	174	68	and	and	CCONJ
emaj-58	174	69	india	india	PROPN
emaj-58	174	70	sensex30	sensex30	PROPN
emaj-58	174	71	index	index	NOUN
emaj-58	174	72	ranging	range	VERB
emaj-58	174	73	from	from	ADP
emaj-58	174	74	january	january	PROPN
emaj-58	174	75	1998	1998	NUM
emaj-58	174	76	to	to	ADP
emaj-58	174	77	december	december	PROPN
emaj-58	174	78	2012	2012	NUM
emaj-58	174	79	.	.	PUNCT
emaj-58	175	1	the	the	DET
emaj-58	175	2	results	result	NOUN
emaj-58	175	3	showed	show	VERB
emaj-58	175	4	that	that	SCONJ
emaj-58	175	5	the	the	DET
emaj-58	175	6	price	price	NOUN
emaj-58	175	7	fluctuation	fluctuation	NOUN
emaj-58	175	8	has	have	VERB
emaj-58	175	9	an	an	DET
emaj-58	175	10	important	important	ADJ
emaj-58	175	11	influence	influence	NOUN
emaj-58	175	12	on	on	ADP
emaj-58	175	13	external	external	ADJ
emaj-58	175	14	markets	market	NOUN
emaj-58	175	15	,	,	PUNCT
emaj-58	175	16	although	although	SCONJ
emaj-58	175	17	the	the	DET
emaj-58	175	18	price	price	NOUN
emaj-58	175	19	behavior	behavior	NOUN
emaj-58	175	20	of	of	ADP
emaj-58	175	21	each	each	DET
emaj-58	175	22	market	market	NOUN
emaj-58	175	23	primarily	primarily	ADV
emaj-58	175	24	depends	depend	VERB
emaj-58	175	25	on	on	ADP
emaj-58	175	26	the	the	DET
emaj-58	175	27	domestic	domestic	ADJ
emaj-58	175	28	factors	factor	NOUN
emaj-58	175	29	.	.	PUNCT
emaj-58	176	1	obviously	obviously	ADV
emaj-58	176	2	,	,	PUNCT
emaj-58	176	3	the	the	DET
emaj-58	176	4	independence	independence	NOUN
emaj-58	176	5	of	of	ADP
emaj-58	176	6	price	price	NOUN
emaj-58	176	7	is	be	AUX
emaj-58	176	8	significantly	significantly	ADV
emaj-58	176	9	stronger	strong	ADJ
emaj-58	176	10	than	than	ADP
emaj-58	176	11	its	its	PRON
emaj-58	176	12	comovement	comovement	ADJ
emaj-58	176	13	-	-	PUNCT
emaj-58	176	14	effect	effect	NOUN
emaj-58	176	15	.	.	PUNCT
emaj-58	177	1	usually	usually	ADV
emaj-58	177	2	,	,	PUNCT
emaj-58	177	3	the	the	DET
emaj-58	177	4	impact	impact	NOUN
emaj-58	177	5	of	of	ADP
emaj-58	177	6	external	external	ADJ
emaj-58	177	7	price	price	NOUN
emaj-58	177	8	innovations	innovation	NOUN
emaj-58	177	9	will	will	AUX
emaj-58	177	10	last	last	VERB
emaj-58	177	11	for	for	ADP
emaj-58	177	12	about	about	ADV
emaj-58	177	13	5	5	NUM
emaj-58	177	14	or	or	CCONJ
emaj-58	177	15	6	6	NUM
emaj-58	177	16	weeks	week	NOUN
emaj-58	177	17	and	and	CCONJ
emaj-58	177	18	then	then	ADV
emaj-58	177	19	die	die	VERB
emaj-58	177	20	out	out	ADP
emaj-58	177	21	after	after	ADP
emaj-58	177	22	the	the	DET
emaj-58	177	23	8th	8th	ADJ
emaj-58	177	24	week	week	NOUN
emaj-58	177	25	in	in	ADP
emaj-58	177	26	these	these	DET
emaj-58	177	27	three	three	NUM
emaj-58	177	28	markets	market	NOUN
emaj-58	177	29	.	.	PUNCT
emaj-58	178	1	the	the	DET
emaj-58	178	2	transmission	transmission	NOUN
emaj-58	178	3	mechanism	mechanism	NOUN
emaj-58	178	4	of	of	ADP
emaj-58	178	5	price	price	NOUN
emaj-58	178	6	shocks	shock	NOUN
emaj-58	178	7	is	be	AUX
emaj-58	178	8	very	very	ADV
emaj-58	178	9	different	different	ADJ
emaj-58	178	10	from	from	ADP
emaj-58	178	11	each	each	DET
emaj-58	178	12	other	other	ADJ
emaj-58	178	13	.	.	PUNCT
emaj-58	179	1	relatively	relatively	ADV
emaj-58	179	2	,	,	PUNCT
emaj-58	179	3	the	the	DET
emaj-58	179	4	russian	russian	ADJ
emaj-58	179	5	stock	stock	NOUN
emaj-58	179	6	market	market	NOUN
emaj-58	179	7	has	have	VERB
emaj-58	179	8	a	a	DET
emaj-58	179	9	significant	significant	ADJ
emaj-58	179	10	influence	influence	NOUN
emaj-58	179	11	on	on	ADP
emaj-58	179	12	other	other	ADJ
emaj-58	179	13	two	two	NUM
emaj-58	179	14	stock	stock	NOUN
emaj-58	179	15	markets	market	NOUN
emaj-58	179	16	,	,	PUNCT
emaj-58	179	17	and	and	CCONJ
emaj-58	179	18	the	the	DET
emaj-58	179	19	impact	impact	NOUN
emaj-58	179	20	of	of	ADP
emaj-58	179	21	the	the	DET
emaj-58	179	22	chinese	chinese	ADJ
emaj-58	179	23	stock	stock	NOUN
emaj-58	179	24	market	market	NOUN
emaj-58	179	25	on	on	ADP
emaj-58	179	26	the	the	DET
emaj-58	179	27	russian	russian	ADJ
emaj-58	179	28	stock	stock	NOUN
emaj-58	179	29	market	market	NOUN
emaj-58	179	30	is	be	AUX
emaj-58	179	31	stronger	strong	ADJ
emaj-58	179	32	than	than	ADP
emaj-58	179	33	that	that	PRON
emaj-58	179	34	on	on	ADP
emaj-58	179	35	the	the	DET
emaj-58	179	36	indian	indian	ADJ
emaj-58	179	37	stock	stock	NOUN
emaj-58	179	38	market	market	NOUN
emaj-58	179	39	.	.	PUNCT
emaj-58	180	1	a	a	DET
emaj-58	180	2	further	further	ADJ
emaj-58	180	3	study	study	NOUN
emaj-58	180	4	suggested	suggest	VERB
emaj-58	180	5	that	that	SCONJ
emaj-58	180	6	the	the	DET
emaj-58	180	7	impact	impact	NOUN
emaj-58	180	8	of	of	ADP
emaj-58	180	9	external	external	ADJ
emaj-58	180	10	price	price	NOUN
emaj-58	180	11	shock	shock	NOUN
emaj-58	180	12	to	to	ADP
emaj-58	180	13	the	the	DET
emaj-58	180	14	domestic	domestic	ADJ
emaj-58	180	15	stock	stock	NOUN
emaj-58	180	16	price	price	NOUN
emaj-58	180	17	significantly	significantly	ADV
emaj-58	180	18	increased	increase	VERB
emaj-58	180	19	after	after	SCONJ
emaj-58	180	20	the	the	DET
emaj-58	180	21	2008	2008	NUM
emaj-58	180	22	international	international	ADJ
emaj-58	180	23	financial	financial	ADJ
emaj-58	180	24	crisis	crisis	NOUN
emaj-58	180	25	,	,	PUNCT
emaj-58	180	26	as	as	ADV
emaj-58	180	27	well	well	ADV
emaj-58	180	28	as	as	ADP
emaj-58	180	29	the	the	DET
emaj-58	180	30	sensitivity	sensitivity	NOUN
emaj-58	180	31	and	and	CCONJ
emaj-58	180	32	response	response	NOUN
emaj-58	180	33	amplitude	amplitude	NOUN
emaj-58	180	34	increased	increase	VERB
emaj-58	180	35	too	too	ADV
emaj-58	180	36	.	.	PUNCT
emaj-58	181	1	especially	especially	ADV
emaj-58	181	2	,	,	PUNCT
emaj-58	181	3	the	the	DET
emaj-58	181	4	price	price	NOUN
emaj-58	181	5	shock	shock	NOUN
emaj-58	181	6	from	from	ADP
emaj-58	181	7	the	the	DET
emaj-58	181	8	chinese	chinese	ADJ
emaj-58	181	9	stock	stock	NOUN
emaj-58	181	10	market	market	NOUN
emaj-58	181	11	has	have	AUX
emaj-58	181	12	shown	show	VERB
emaj-58	181	13	a	a	DET
emaj-58	181	14	fast	fast	ADJ
emaj-58	181	15	growing	grow	VERB
emaj-58	181	16	impact	impact	NOUN
emaj-58	181	17	on	on	ADP
emaj-58	181	18	foreign	foreign	ADJ
emaj-58	181	19	stock	stock	NOUN
emaj-58	181	20	markets	market	NOUN
emaj-58	181	21	.	.	PUNCT
emaj-58	182	1	acknowledgement	acknowledgement	NOUN
emaj-58	182	2	this	this	DET
emaj-58	182	3	study	study	NOUN
emaj-58	182	4	is	be	AUX
emaj-58	182	5	supported	support	VERB
emaj-58	182	6	by	by	ADP
emaj-58	182	7	project	project	NOUN
emaj-58	182	8	of	of	ADP
emaj-58	182	9	national	national	ADJ
emaj-58	182	10	social	social	PROPN
emaj-58	182	11	science	science	NOUN
emaj-58	182	12	fund	fund	NOUN
emaj-58	182	13	of	of	ADP
emaj-58	182	14	china	china	PROPN
emaj-58	182	15	(	(	PUNCT
emaj-58	182	16	14zda047	14zda047	NUM
emaj-58	182	17	,	,	PUNCT
emaj-58	182	18	13azd086	13azd086	NUM
emaj-58	182	19	)	)	PUNCT
emaj-58	182	20	,	,	PUNCT
emaj-58	182	21	program	program	NOUN
emaj-58	182	22	for	for	ADP
emaj-58	182	23	new	new	ADJ
emaj-58	182	24	century	century	NOUN
emaj-58	182	25	excellent	excellent	ADJ
emaj-58	182	26	talents	talent	NOUN
emaj-58	182	27	in	in	ADP
emaj-58	182	28	university	university	PROPN
emaj-58	182	29	(	(	PUNCT
emaj-58	182	30	nect-11	nect-11	PROPN
emaj-58	182	31	-	-	NOUN
emaj-58	182	32	0029	0029	NUM
emaj-58	182	33	)	)	PUNCT
emaj-58	182	34	,	,	PUNCT
emaj-58	182	35	research	research	NOUN
emaj-58	182	36	project	project	NOUN
emaj-58	182	37	of	of	ADP
emaj-58	182	38	national	national	ADJ
emaj-58	182	39	statistical	statistical	ADJ
emaj-58	182	40	science	science	NOUN
emaj-58	182	41	(	(	PUNCT
emaj-58	182	42	2012lz042	2012lz042	NUM
emaj-58	182	43	)	)	PUNCT
emaj-58	182	44	,	,	PUNCT
emaj-58	182	45	humanities	humanity	NOUN
emaj-58	182	46	and	and	CCONJ
emaj-58	182	47	social	social	ADJ
emaj-58	182	48	science	science	NOUN
emaj-58	182	49	project	project	NOUN
emaj-58	182	50	of	of	ADP
emaj-58	182	51	the	the	DET
emaj-58	182	52	ministry	ministry	PROPN
emaj-58	182	53	of	of	ADP
emaj-58	182	54	education	education	PROPN
emaj-58	182	55	(	(	PUNCT
emaj-58	182	56	13yja630005	13yja630005	NUM
emaj-58	182	57	)	)	PUNCT
emaj-58	182	58	and	and	CCONJ
emaj-58	182	59	the	the	DET
emaj-58	182	60	fundamental	fundamental	ADJ
emaj-58	182	61	research	research	NOUN
emaj-58	182	62	funds	fund	NOUN
emaj-58	182	63	for	for	ADP
emaj-58	182	64	the	the	DET
emaj-58	182	65	central	central	ADJ
emaj-58	182	66	universities	university	NOUN
emaj-58	182	67	(	(	PUNCT
emaj-58	182	68	2012wzd02	2012wzd02	NOUN
emaj-58	182	69	)	)	PUNCT
emaj-58	182	70	.	.	PUNCT
emaj-58	183	1	references	reference	NOUN
emaj-58	183	2	barberis	barberis	PROPN
emaj-58	183	3	,	,	PUNCT
emaj-58	183	4	n.	n.	NOUN
emaj-58	183	5	,	,	PUNCT
emaj-58	183	6	and	and	CCONJ
emaj-58	183	7	shleifer	shleifer	PROPN
emaj-58	183	8	,	,	PUNCT
emaj-58	183	9	a.	a.	NOUN
emaj-58	183	10	,	,	PUNCT
emaj-58	183	11	2003	2003	NUM
emaj-58	183	12	,	,	PUNCT
emaj-58	183	13	style	style	NOUN
emaj-58	183	14	investing	investing	NOUN
emaj-58	183	15	.	.	PUNCT
emaj-58	184	1	journal	journal	PROPN
emaj-58	184	2	of	of	ADP
emaj-58	184	3	financial	financial	ADJ
emaj-58	184	4	economics	economic	NOUN
emaj-58	184	5	,	,	PUNCT
emaj-58	184	6	68	68	NUM
emaj-58	184	7	,	,	PUNCT
emaj-58	184	8	pp.161	pp.161	NOUN
emaj-58	184	9	-	-	PUNCT
emaj-58	184	10	199	199	NUM
emaj-58	184	11	.	.	PUNCT
emaj-58	185	1	bekaert	bekaert	PROPN
emaj-58	185	2	,	,	PUNCT
emaj-58	185	3	geert	geert	PROPN
emaj-58	185	4	,	,	PUNCT
emaj-58	185	5	and	and	CCONJ
emaj-58	185	6	campbell	campbell	PROPN
emaj-58	185	7	r.	r.	PROPN
emaj-58	185	8	harvey	harvey	PROPN
emaj-58	185	9	,	,	PUNCT
emaj-58	185	10	1997	1997	NUM
emaj-58	185	11	,	,	PUNCT
emaj-58	185	12	foreign	foreign	ADJ
emaj-58	185	13	speculators	speculator	NOUN
emaj-58	185	14	and	and	CCONJ
emaj-58	185	15	emerging	emerge	VERB
emaj-58	185	16	equitymarkets	equitymarket	NOUN
emaj-58	185	17	.	.	PUNCT
emaj-58	186	1	working	work	VERB
emaj-58	186	2	paper	paper	NOUN
emaj-58	186	3	of	of	ADP
emaj-58	186	4	william	william	PROPN
emaj-58	186	5	davidson	davidson	PROPN
emaj-58	186	6	institute	institute	PROPN
emaj-58	186	7	at	at	ADP
emaj-58	186	8	the	the	DET
emaj-58	186	9	university	university	PROPN
emaj-58	186	10	of	of	ADP
emaj-58	186	11	michigan	michigan	PROPN
emaj-58	186	12	,	,	PUNCT
emaj-58	186	13	series	series	PROPN
emaj-58	186	14	79	79	NUM
emaj-58	186	15	.	.	PUNCT
emaj-58	187	1	berger	berger	PROPN
emaj-58	187	2	,	,	PUNCT
emaj-58	187	3	tino	tino	PROPN
emaj-58	187	4	and	and	CCONJ
emaj-58	187	5	pozzi	pozzi	PROPN
emaj-58	187	6	,	,	PUNCT
emaj-58	187	7	lorenzo	lorenzo	PROPN
emaj-58	187	8	,	,	PUNCT
emaj-58	187	9	2013	2013	NUM
emaj-58	187	10	.	.	PUNCT
emaj-58	188	1	measuring	measure	VERB
emaj-58	188	2	time	time	NOUN
emaj-58	188	3	-	-	PUNCT
emaj-58	188	4	varying	vary	VERB
emaj-58	188	5	financial	financial	ADJ
emaj-58	188	6	market	market	NOUN
emaj-58	188	7	integration	integration	NOUN
emaj-58	188	8	:	:	PUNCT
emaj-58	188	9	an	an	DET
emaj-58	188	10	unobserved	unobserved	ADJ
emaj-58	188	11	components	component	NOUN
emaj-58	188	12	approach	approach	NOUN
emaj-58	188	13	.	.	PUNCT
emaj-58	189	1	journal	journal	NOUN
emaj-58	189	2	of	of	ADP
emaj-58	189	3	banking	banking	NOUN
emaj-58	189	4	&	&	CCONJ
emaj-58	189	5	finance	finance	PROPN
emaj-58	189	6	,	,	PUNCT
emaj-58	189	7	vol.37(2	vol.37(2	NOUN
emaj-58	189	8	)	)	PUNCT
emaj-58	189	9	,	,	PUNCT
emaj-58	189	10	pp.463	pp.463	PROPN
emaj-58	189	11	-	-	SYM
emaj-58	189	12	473	473	NUM
emaj-58	189	13	.	.	PUNCT
emaj-58	190	1	bing	bing	PROPN
emaj-58	190	2	zhang	zhang	PROPN
emaj-58	190	3	,	,	PUNCT
emaj-58	190	4	zhizhen	zhizhen	PROPN
emaj-58	190	5	fan	fan	PROPN
emaj-58	190	6	and	and	CCONJ
emaj-58	190	7	xindan	xindan	PROPN
emaj-58	190	8	li	li	PROPN
emaj-58	190	9	,	,	PUNCT
emaj-58	190	10	2010	2010	NUM
emaj-58	190	11	,	,	PUNCT
emaj-58	190	12	comovement	comovement	NOUN
emaj-58	190	13	between	between	ADP
emaj-58	190	14	china	china	PROPN
emaj-58	190	15	and	and	CCONJ
emaj-58	190	16	us	we	PRON
emaj-58	190	17	’s	’s	PART
emaj-58	190	18	stock	stock	NOUN
emaj-58	190	19	markets	market	NOUN
emaj-58	190	20	.	.	PUNCT
emaj-58	191	1	economic	economic	ADJ
emaj-58	191	2	research	research	NOUN
emaj-58	191	3	journal	journal	NOUN
emaj-58	191	4	,	,	PUNCT
emaj-58	191	5	no.11	no.11	PROPN
emaj-58	191	6	.	.	PUNCT
emaj-58	192	1	chen	chen	PROPN
emaj-58	192	2	,	,	PUNCT
emaj-58	192	3	m.g	m.g	PROPN
emaj-58	192	4	.	.	PROPN
emaj-58	192	5	,	,	PUNCT
emaj-58	192	6	2010	2010	NUM
emaj-58	192	7	,	,	PUNCT
emaj-58	192	8	price	price	NOUN
emaj-58	192	9	comovement	comovement	NOUN
emaj-58	192	10	-	-	PUNCT
emaj-58	192	11	effect	effect	NOUN
emaj-58	192	12	of	of	ADP
emaj-58	192	13	chinese	chinese	ADJ
emaj-58	192	14	securities	security	NOUN
emaj-58	192	15	market	market	NOUN
emaj-58	192	16	.	.	PUNCT
emaj-58	193	1	dongbei	dongbei	PROPN
emaj-58	193	2	university	university	PROPN
emaj-58	193	3	of	of	ADP
emaj-58	193	4	finance	finance	NOUN
emaj-58	193	5	and	and	CCONJ
emaj-58	193	6	economics	economic	NOUN
emaj-58	193	7	press	press	NOUN
emaj-58	193	8	.	.	PUNCT
emaj-58	194	1	chinn	chinn	PROPN
emaj-58	194	2	,	,	PUNCT
emaj-58	194	3	m.	m.	NOUN
emaj-58	194	4	,	,	PUNCT
emaj-58	194	5	and	and	CCONJ
emaj-58	194	6	forbes	forbes	PROPN
emaj-58	194	7	,	,	PUNCT
emaj-58	194	8	k.	k.	PROPN
emaj-58	194	9	,	,	PUNCT
emaj-58	194	10	2004	2004	NUM
emaj-58	194	11	,	,	PUNCT
emaj-58	194	12	a	a	DET
emaj-58	194	13	decomposition	decomposition	NOUN
emaj-58	194	14	of	of	ADP
emaj-58	194	15	global	global	ADJ
emaj-58	194	16	linkages	linkage	NOUN
emaj-58	194	17	in	in	ADP
emaj-58	194	18	financial	financial	ADJ
emaj-58	194	19	markets	market	NOUN
emaj-58	194	20	over	over	ADP
emaj-58	194	21	times	time	NOUN
emaj-58	194	22	.	.	PUNCT
emaj-58	195	1	review	review	NOUN
emaj-58	195	2	of	of	ADP
emaj-58	195	3	economics	economic	NOUN
emaj-58	195	4	and	and	CCONJ
emaj-58	195	5	statistics	statistic	NOUN
emaj-58	195	6	,	,	PUNCT
emaj-58	195	7	86(3	86(3	PROPN
emaj-58	195	8	)	)	PUNCT
emaj-58	195	9	,	,	PUNCT
emaj-58	195	10	pp.705	pp.705	NOUN
emaj-58	195	11	-	-	PUNCT
emaj-58	195	12	722	722	NUM
emaj-58	195	13	.	.	PUNCT
emaj-58	196	1	chuilin	chuilin	PROPN
emaj-58	196	2	yi	yi	PROPN
emaj-58	196	3	,	,	PUNCT
emaj-58	196	4	cuiyu	cuiyu	PROPN
emaj-58	196	5	zhang	zhang	PROPN
emaj-58	196	6	,	,	PUNCT
emaj-58	196	7	2010	2010	NUM
emaj-58	196	8	,	,	PUNCT
emaj-58	196	9	before	before	ADP
emaj-58	196	10	and	and	CCONJ
emaj-58	196	11	after	after	ADP
emaj-58	196	12	the	the	DET
emaj-58	196	13	sub	sub	ADJ
emaj-58	196	14	-	-	ADJ
emaj-58	196	15	prime	prime	ADJ
emaj-58	196	16	crisis	crisis	NOUN
emaj-58	196	17	an	an	DET
emaj-58	196	18	analysis	analysis	NOUN
emaj-58	196	19	of	of	ADP
emaj-58	196	20	co	co	NOUN
emaj-58	196	21	-	-	NOUN
emaj-58	196	22	movement	movement	NOUN
emaj-58	196	23	for	for	ADP
emaj-58	196	24	china	china	PROPN
emaj-58	196	25	and	and	CCONJ
emaj-58	196	26	asia	asia	PROPN
emaj-58	196	27	's	's	PART
emaj-58	196	28	major	major	ADJ
emaj-58	196	29	stock	stock	NOUN
emaj-58	196	30	markets	market	NOUN
emaj-58	196	31	.	.	PUNCT
emaj-58	197	1	industrial	industrial	ADJ
emaj-58	197	2	economics	economic	NOUN
emaj-58	197	3	research	research	PROPN
emaj-58	197	4	,	,	PUNCT
emaj-58	197	5	no.2	no.2	PROPN
emaj-58	197	6	.	.	PUNCT
emaj-58	197	7	connolly	connolly	PROPN
emaj-58	197	8	,	,	PUNCT
emaj-58	197	9	robert	robert	PROPN
emaj-58	197	10	a.	a.	PROPN
emaj-58	197	11	,	,	PUNCT
emaj-58	197	12	and	and	CCONJ
emaj-58	197	13	wang	wang	PROPN
emaj-58	197	14	,	,	PUNCT
emaj-58	197	15	f.	f.	PROPN
emaj-58	197	16	albert	albert	PROPN
emaj-58	197	17	,	,	PUNCT
emaj-58	197	18	2002	2002	NUM
emaj-58	197	19	,	,	PUNCT
emaj-58	197	20	on	on	ADP
emaj-58	197	21	stock	stock	NOUN
emaj-58	197	22	market	market	NOUN
emaj-58	197	23	return	return	VERB
emaj-58	197	24	co	co	NOUN
emaj-58	197	25	-	-	NOUN
emaj-58	197	26	movement	movement	NOUN
emaj-58	197	27	:	:	PUNCT
emaj-58	197	28	macroeconomic	macroeconomic	ADJ
emaj-58	197	29	news	news	NOUN
emaj-58	197	30	,	,	PUNCT
emaj-58	197	31	dispersion	dispersion	NOUN
emaj-58	197	32	of	of	ADP
emaj-58	197	33	beliefs	belief	NOUN
emaj-58	197	34	and	and	CCONJ
emaj-58	197	35	contagion	contagion	NOUN
emaj-58	197	36	.	.	PUNCT
emaj-58	198	1	working	work	VERB
emaj-58	198	2	paper	paper	NOUN
emaj-58	198	3	,	,	PUNCT
emaj-58	198	4	university	university	NOUN
emaj-58	198	5	of	of	ADP
emaj-58	198	6	north	north	PROPN
emaj-58	198	7	carolina	carolina	PROPN
emaj-58	198	8	.	.	PUNCT
emaj-58	199	1	contessi	contessi	PROPN
emaj-58	199	2	,	,	PUNCT
emaj-58	199	3	s.	s.	PROPN
emaj-58	199	4	,	,	PUNCT
emaj-58	199	5	de	de	ADP
emaj-58	199	6	pace	pace	NOUN
emaj-58	199	7	p.	p.	NOUN
emaj-58	199	8	,	,	PUNCT
emaj-58	199	9	and	and	CCONJ
emaj-58	199	10	francis	francis	PROPN
emaj-58	199	11	,	,	PUNCT
emaj-58	199	12	j.	j.	PROPN
emaj-58	199	13	,	,	PUNCT
emaj-58	199	14	2010	2010	NUM
emaj-58	199	15	,	,	PUNCT
emaj-58	199	16	the	the	DET
emaj-58	199	17	cyclical	cyclical	ADJ
emaj-58	199	18	properties	property	NOUN
emaj-58	199	19	of	of	ADP
emaj-58	199	20	disaggregated	disaggregate	VERB
emaj-58	199	21	capital	capital	NOUN
emaj-58	199	22	flows	flow	NOUN
emaj-58	199	23	.	.	PUNCT
emaj-58	200	1	federal	federal	PROPN
emaj-58	200	2	reserve	reserve	PROPN
emaj-58	200	3	bank	bank	PROPN
emaj-58	200	4	of	of	ADP
emaj-58	200	5	st	st	PROPN
emaj-58	200	6	.	.	PROPN
emaj-58	200	7	louis	louis	PROPN
emaj-58	200	8	working	working	NOUN
emaj-58	200	9	paper	paper	NOUN
emaj-58	200	10	,	,	PUNCT
emaj-58	200	11	no.2008	no.2008	PROPN
emaj-58	200	12	-	-	PUNCT
emaj-58	200	13	041c	041c	PROPN
emaj-58	200	14	.	.	PUNCT
emaj-58	201	1	fei	fei	PROPN
emaj-58	201	2	han	han	PROPN
emaj-58	201	3	and	and	CCONJ
emaj-58	201	4	hui	hui	PROPN
emaj-58	201	5	xiao	xiao	PROPN
emaj-58	201	6	,	,	PUNCT
emaj-58	201	7	2005	2005	NUM
emaj-58	201	8	,	,	PUNCT
emaj-58	201	9	analysis	analysis	NOUN
emaj-58	201	10	on	on	ADP
emaj-58	201	11	the	the	DET
emaj-58	201	12	co	co	NOUN
emaj-58	201	13	-	-	NOUN
emaj-58	201	14	movement	movement	NOUN
emaj-58	201	15	between	between	ADP
emaj-58	201	16	chinses	chinse	NOUN
emaj-58	201	17	stock	stock	NOUN
emaj-58	201	18	market	market	NOUN
emaj-58	201	19	and	and	CCONJ
emaj-58	201	20	the	the	DET
emaj-58	201	21	u.s	u.s	PROPN
emaj-58	201	22	.	.	PROPN
emaj-58	201	23	stock	stock	NOUN
emaj-58	201	24	market	market	NOUN
emaj-58	201	25	.	.	PUNCT
emaj-58	202	1	journal	journal	PROPN
emaj-58	202	2	of	of	ADP
emaj-58	202	3	finance	finance	NOUN
emaj-58	202	4	,	,	PUNCT
emaj-58	202	5	no.11	no.11	NOUN
emaj-58	202	6	.	.	PUNCT
emaj-58	203	1	gerrits	gerrit	NOUN
emaj-58	203	2	,	,	PUNCT
emaj-58	203	3	r.	r.	PROPN
emaj-58	203	4	j.	j.	PROPN
emaj-58	203	5	,	,	PUNCT
emaj-58	203	6	and	and	CCONJ
emaj-58	203	7	yuce	yuce	NOUN
emaj-58	203	8	,	,	PUNCT
emaj-58	203	9	a.	a.	NOUN
emaj-58	203	10	,	,	PUNCT
emaj-58	203	11	1999	1999	NUM
emaj-58	203	12	,	,	PUNCT
emaj-58	203	13	shortand	shortand	NOUN
emaj-58	203	14	long	long	ADJ
emaj-58	203	15	-	-	PUNCT
emaj-58	203	16	term	term	NOUN
emaj-58	203	17	links	link	NOUN
emaj-58	203	18	among	among	ADP
emaj-58	203	19	european	european	PROPN
emaj-58	203	20	and	and	CCONJ
emaj-58	203	21	u.s	u.s	PROPN
emaj-58	203	22	.	.	PROPN
emaj-58	203	23	stock	stock	NOUN
emaj-58	203	24	markets	market	NOUN
emaj-58	203	25	.	.	PUNCT
emaj-58	204	1	applied	apply	VERB
emaj-58	204	2	financial	financial	ADJ
emaj-58	204	3	economics	economic	NOUN
emaj-58	204	4	,	,	PUNCT
emaj-58	204	5	9(1	9(1	NUM
emaj-58	204	6	)	)	PUNCT
emaj-58	204	7	,	,	PUNCT
emaj-58	204	8	pp.1	pp.1	NOUN
emaj-58	204	9	-	-	PUNCT
emaj-58	204	10	9	9	NUM
emaj-58	204	11	.	.	PUNCT
emaj-58	205	1	grieb	grieb	PROPN
emaj-58	205	2	,	,	PUNCT
emaj-58	205	3	terrance	terrance	PROPN
emaj-58	205	4	,	,	PUNCT
emaj-58	205	5	and	and	CCONJ
emaj-58	205	6	reyes	reyes	PROPN
emaj-58	205	7	,	,	PUNCT
emaj-58	205	8	mario	mario	PROPN
emaj-58	205	9	g.	g.	PROPN
emaj-58	205	10	,	,	PUNCT
emaj-58	205	11	2002	2002	NUM
emaj-58	205	12	,	,	PUNCT
emaj-58	205	13	the	the	DET
emaj-58	205	14	temporal	temporal	ADJ
emaj-58	205	15	relationship	relationship	NOUN
emaj-58	205	16	between	between	ADP
emaj-58	205	17	largeand	largeand	ADJ
emaj-58	205	18	small	small	ADJ
emaj-58	205	19	-	-	PUNCT
emaj-58	205	20	capitalizations	capitalization	NOUN
emaj-58	205	21	stock	stock	NOUN
emaj-58	205	22	returns	return	NOUN
emaj-58	205	23	:	:	PUNCT
emaj-58	205	24	evidence	evidence	NOUN
emaj-58	205	25	from	from	ADP
emaj-58	205	26	the	the	DET
emaj-58	205	27	uk	uk	PROPN
emaj-58	205	28	.	.	PROPN
emaj-58	205	29	review	review	PROPN
emaj-58	205	30	of	of	ADP
emaj-58	205	31	financial	financial	ADJ
emaj-58	205	32	economics	economic	NOUN
emaj-58	205	33	,	,	PUNCT
emaj-58	205	34	11	11	NUM
emaj-58	205	35	,	,	PUNCT
emaj-58	205	36	pp.109	pp.109	PROPN
emaj-58	205	37	-	-	SYM
emaj-58	205	38	118	118	NUM
emaj-58	205	39	.	.	PUNCT
emaj-58	206	1	jian	jian	PROPN
emaj-58	206	2	hu	hu	PROPN
emaj-58	206	3	and	and	CCONJ
emaj-58	206	4	pengbo	pengbo	PROPN
emaj-58	206	5	lv	lv	PROPN
emaj-58	206	6	,	,	PUNCT
emaj-58	206	7	2008	2008	NUM
emaj-58	206	8	,	,	PUNCT
emaj-58	206	9	analysis	analysis	NOUN
emaj-58	206	10	on	on	ADP
emaj-58	206	11	the	the	DET
emaj-58	206	12	reaction	reaction	NOUN
emaj-58	206	13	between	between	ADP
emaj-58	206	14	shanghai	shanghai	PROPN
emaj-58	206	15	stock	stock	NOUN
emaj-58	206	16	market	market	PROPN
emaj-58	206	17	and	and	CCONJ
emaj-58	206	18	hong	hong	PROPN
emaj-58	206	19	kong	kong	PROPN
emaj-58	206	20	stock	stock	NOUN
emaj-58	206	21	market	market	NOUN
emaj-58	206	22	.	.	PUNCT
emaj-58	207	1	journal	journal	PROPN
emaj-58	207	2	of	of	ADP
emaj-58	207	3	shanxi	shanxi	PROPN
emaj-58	207	4	finance	finance	PROPN
emaj-58	207	5	and	and	CCONJ
emaj-58	207	6	economics	economic	NOUN
emaj-58	207	7	university	university	PROPN
emaj-58	207	8	,	,	PUNCT
emaj-58	207	9	vol	vol	NOUN
emaj-58	207	10	.	.	PROPN
emaj-58	207	11	30	30	NUM
emaj-58	207	12	.	.	PUNCT
emaj-58	208	1	no.12	no.12	PROPN
emaj-58	208	2	.	.	PUNCT
emaj-58	209	1	http://ideas.repec.org/s/eee/jbfina.html	http://ideas.repec.org/s/eee/jbfina.html	NUM
emaj-58	209	2	http://ideas.repec.org/s/eee/jbfina.html	http://ideas.repec.org/s/eee/jbfina.html	NUM
emaj-58	209	3	volume	volume	NOUN
emaj-58	209	4	4	4	NUM
emaj-58	209	5	no	no	DET
emaj-58	209	6	1	1	NUM
emaj-58	209	7	(	(	PUNCT
emaj-58	209	8	2014	2014	NUM
emaj-58	209	9	)	)	PUNCT
emaj-58	209	10	|	|	ADV
emaj-58	209	11	issn	issn	VERB
emaj-58	209	12	2158	2158	NUM
emaj-58	209	13	-	-	SYM
emaj-58	209	14	8708	8708	NUM
emaj-58	209	15	(	(	PUNCT
emaj-58	209	16	online	online	NOUN
emaj-58	209	17	)	)	PUNCT
emaj-58	209	18	|	|	ADV
emaj-58	209	19	doi	doi	X
emaj-58	209	20	10.5195	10.5195	NUM
emaj-58	209	21	/	/	SYM
emaj-58	209	22	emaj.2014.58	emaj.2014.58	NOUN
emaj-58	209	23	|	|	NOUN
emaj-58	209	24	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-58	209	25	study	study	NOUN
emaj-58	209	26	on	on	ADP
emaj-58	209	27	the	the	DET
emaj-58	209	28	shock	shock	NOUN
emaj-58	209	29	-	-	PUNCT
emaj-58	209	30	transmission	transmission	NOUN
emaj-58	209	31	mechanism	mechanism	NOUN
emaj-58	209	32	of	of	ADP
emaj-58	209	33	stock	stock	NOUN
emaj-58	209	34	price	price	NOUN
emaj-58	209	35	among	among	ADP
emaj-58	209	36	china	china	PROPN
emaj-58	209	37	,	,	PUNCT
emaj-58	209	38	russia	russia	PROPN
emaj-58	209	39	and	and	CCONJ
emaj-58	209	40	india	india	PROPN
emaj-58	209	41	emerging	emerge	VERB
emaj-58	209	42	markets	market	NOUN
emaj-58	209	43	journal	journal	NOUN
emaj-58	209	44	|	|	ADV
emaj-58	209	45	p	p	NOUN
emaj-58	209	46	a	a	DET
emaj-58	209	47	g	g	NOUN
emaj-58	209	48	e	e	NOUN
emaj-58	209	49	|42	|42	PROPN
emaj-58	209	50	lee	lee	PROPN
emaj-58	209	51	,	,	PUNCT
emaj-58	209	52	c.	c.	PROPN
emaj-58	209	53	,	,	PUNCT
emaj-58	209	54	shleifer	shleifer	PROPN
emaj-58	209	55	,	,	PUNCT
emaj-58	209	56	a.	a.	NOUN
emaj-58	209	57	,	,	PUNCT
emaj-58	209	58	and	and	CCONJ
emaj-58	209	59	thaler	thaler	NOUN
emaj-58	209	60	,	,	PUNCT
emaj-58	209	61	r.	r.	PROPN
emaj-58	209	62	,	,	PUNCT
emaj-58	209	63	1991	1991	NUM
emaj-58	209	64	,	,	PUNCT
emaj-58	209	65	investor	investor	NOUN
emaj-58	209	66	sentiment	sentiment	NOUN
emaj-58	209	67	and	and	CCONJ
emaj-58	209	68	the	the	DET
emaj-58	209	69	closed	close	VERB
emaj-58	209	70	-	-	PUNCT
emaj-58	209	71	end	end	NOUN
emaj-58	209	72	fund	fund	NOUN
emaj-58	209	73	puzzle	puzzle	NOUN
emaj-58	209	74	.	.	PUNCT
emaj-58	210	1	journal	journal	NOUN
emaj-58	210	2	of	of	ADP
emaj-58	210	3	finance	finance	NOUN
emaj-58	210	4	,	,	PUNCT
emaj-58	210	5	vol.46	vol.46	PROPN
emaj-58	210	6	,	,	PUNCT
emaj-58	210	7	pp.75	pp.75	ADJ
emaj-58	210	8	-	-	ADJ
emaj-58	210	9	109	109	NUM
emaj-58	210	10	.	.	PUNCT
emaj-58	211	1	ligao	ligao	PROPN
emaj-58	211	2	chen	chen	PROPN
emaj-58	211	3	,	,	PUNCT
emaj-58	211	4	pengfei	pengfei	PROPN
emaj-58	211	5	wu	wu	PROPN
emaj-58	211	6	and	and	CCONJ
emaj-58	211	7	ning	ning	PROPN
emaj-58	211	8	liu	liu	PROPN
emaj-58	211	9	,	,	PUNCT
emaj-58	211	10	2006	2006	NUM
emaj-58	211	11	,	,	PUNCT
emaj-58	211	12	the	the	DET
emaj-58	211	13	empirical	empirical	ADJ
emaj-58	211	14	study	study	NOUN
emaj-58	211	15	on	on	ADP
emaj-58	211	16	the	the	DET
emaj-58	211	17	degree	degree	NOUN
emaj-58	211	18	of	of	ADP
emaj-58	211	19	international	international	ADJ
emaj-58	211	20	stock	stock	NOUN
emaj-58	211	21	market	market	NOUN
emaj-58	211	22	co	co	NOUN
emaj-58	211	23	-	-	NOUN
emaj-58	211	24	movements	movement	NOUN
emaj-58	211	25	.	.	PUNCT
emaj-58	212	1	the	the	DET
emaj-58	212	2	journal	journal	NOUN
emaj-58	212	3	of	of	ADP
emaj-58	212	4	quantitative	quantitative	ADJ
emaj-58	212	5	&	&	CCONJ
emaj-58	212	6	technical	technical	ADJ
emaj-58	212	7	economics	economic	NOUN
emaj-58	212	8	,	,	PUNCT
emaj-58	212	9	no	no	INTJ
emaj-58	212	10	.	.	NOUN
emaj-58	212	11	11	11	NUM
emaj-58	212	12	.	.	X
emaj-58	212	13	oztek	oztek	PROPN
emaj-58	212	14	,	,	PUNCT
emaj-58	212	15	m.	m.	NOUN
emaj-58	212	16	fatih	fatih	PROPN
emaj-58	212	17	and	and	CCONJ
emaj-58	212	18	ocal	ocal	ADJ
emaj-58	212	19	,	,	PUNCT
emaj-58	212	20	nadir	nadir	NOUN
emaj-58	212	21	,	,	PUNCT
emaj-58	212	22	2012	2012	NUM
emaj-58	212	23	.	.	PUNCT
emaj-58	213	1	integration	integration	NOUN
emaj-58	213	2	of	of	ADP
emaj-58	213	3	china	china	PROPN
emaj-58	213	4	stock	stock	NOUN
emaj-58	213	5	markets	market	NOUN
emaj-58	213	6	with	with	ADP
emaj-58	213	7	international	international	ADJ
emaj-58	213	8	stock	stock	NOUN
emaj-58	213	9	markets	market	NOUN
emaj-58	213	10	:	:	PUNCT
emaj-58	213	11	an	an	DET
emaj-58	213	12	application	application	NOUN
emaj-58	213	13	of	of	ADP
emaj-58	213	14	smooth	smooth	ADJ
emaj-58	213	15	transition	transition	NOUN
emaj-58	213	16	conditional	conditional	ADJ
emaj-58	213	17	correlation	correlation	NOUN
emaj-58	213	18	with	with	ADP
emaj-58	213	19	double	double	ADJ
emaj-58	213	20	transition	transition	NOUN
emaj-58	213	21	functions	function	NOUN
emaj-58	213	22	.	.	PUNCT
emaj-58	214	1	erc	erc	PROPN
emaj-58	214	2	working	work	VERB
emaj-58	214	3	papers	paper	NOUN
emaj-58	214	4	1209	1209	NUM
emaj-58	214	5	,	,	PUNCT
emaj-58	214	6	erc	erc	PROPN
emaj-58	214	7	economic	economic	ADJ
emaj-58	214	8	research	research	NOUN
emaj-58	214	9	center	center	NOUN
emaj-58	214	10	,	,	PUNCT
emaj-58	214	11	middle	middle	PROPN
emaj-58	214	12	east	east	PROPN
emaj-58	214	13	technical	technical	PROPN
emaj-58	214	14	university	university	PROPN
emaj-58	214	15	,	,	PUNCT
emaj-58	214	16	revised	revise	VERB
emaj-58	214	17	dec	dec	PROPN
emaj-58	214	18	2012	2012	NUM
emaj-58	214	19	.	.	PUNCT
emaj-58	215	1	premaratneb	premaratneb	NOUN
emaj-58	215	2	,	,	PUNCT
emaj-58	215	3	g.	g.	PROPN
emaj-58	215	4	,	,	PUNCT
emaj-58	215	5	and	and	CCONJ
emaj-58	215	6	balaa	balaa	NOUN
emaj-58	215	7	,	,	PUNCT
emaj-58	215	8	l.	l.	PROPN
emaj-58	215	9	,	,	PUNCT
emaj-58	215	10	2004	2004	NUM
emaj-58	215	11	,	,	PUNCT
emaj-58	215	12	stock	stock	NOUN
emaj-58	215	13	market	market	NOUN
emaj-58	215	14	volatility	volatility	NOUN
emaj-58	215	15	:	:	PUNCT
emaj-58	215	16	examining	examine	VERB
emaj-58	215	17	north	north	PROPN
emaj-58	215	18	america	america	PROPN
emaj-58	215	19	,	,	PUNCT
emaj-58	215	20	europe	europe	PROPN
emaj-58	215	21	and	and	CCONJ
emaj-58	215	22	asia	asia	PROPN
emaj-58	215	23	.	.	PUNCT
emaj-58	216	1	national	national	PROPN
emaj-58	216	2	university	university	PROPN
emaj-58	216	3	of	of	ADP
emaj-58	216	4	singapore	singapore	PROPN
emaj-58	216	5	working	working	NOUN
emaj-58	216	6	papers	paper	NOUN
emaj-58	216	7	,	,	PUNCT
emaj-58	216	8	no.1	no.1	PROPN
emaj-58	216	9	.	.	PUNCT
emaj-58	216	10	qixia	qixia	PROPN
emaj-58	216	11	yang	yang	PROPN
emaj-58	216	12	,	,	PUNCT
emaj-58	216	13	2007	2007	NUM
emaj-58	216	14	,	,	PUNCT
emaj-58	216	15	study	study	NOUN
emaj-58	216	16	on	on	ADP
emaj-58	216	17	comovment	comovment	NOUN
emaj-58	216	18	between	between	ADP
emaj-58	216	19	the	the	DET
emaj-58	216	20	financial	financial	ADJ
emaj-58	216	21	sectors	sector	NOUN
emaj-58	216	22	in	in	ADP
emaj-58	216	23	domestic	domestic	ADJ
emaj-58	216	24	and	and	CCONJ
emaj-58	216	25	hong	hong	PROPN
emaj-58	216	26	kong	kong	PROPN
emaj-58	216	27	stock	stock	NOUN
emaj-58	216	28	market	market	NOUN
emaj-58	216	29	,	,	PUNCT
emaj-58	216	30	thesis	thesis	NOUN
emaj-58	216	31	of	of	ADP
emaj-58	216	32	master	master	NOUN
emaj-58	216	33	degree	degree	NOUN
emaj-58	216	34	of	of	ADP
emaj-58	216	35	university	university	NOUN
emaj-58	216	36	of	of	ADP
emaj-58	216	37	international	international	ADJ
emaj-58	216	38	business	business	NOUN
emaj-58	216	39	and	and	CCONJ
emaj-58	216	40	economics	economic	NOUN
emaj-58	216	41	.	.	PUNCT
emaj-58	217	1	tam	tam	PROPN
emaj-58	217	2	,	,	PUNCT
emaj-58	217	3	pui	pui	PROPN
emaj-58	217	4	sun	sun	PROPN
emaj-58	217	5	and	and	CCONJ
emaj-58	217	6	pui	pui	PROPN
emaj-58	217	7	,	,	PUNCT
emaj-58	217	8	i	i	PRON
emaj-58	217	9	tam	tam	VERB
emaj-58	217	10	,	,	PUNCT
emaj-58	217	11	2012	2012	NUM
emaj-58	217	12	.	.	PUNCT
emaj-58	218	1	rethinking	rethink	VERB
emaj-58	218	2	stock	stock	NOUN
emaj-58	218	3	market	market	NOUN
emaj-58	218	4	integration	integration	NOUN
emaj-58	218	5	:	:	PUNCT
emaj-58	218	6	globalization	globalization	NOUN
emaj-58	218	7	,	,	PUNCT
emaj-58	218	8	valuation	valuation	NOUN
emaj-58	218	9	and	and	CCONJ
emaj-58	218	10	convergence	convergence	NOUN
emaj-58	218	11	.	.	PUNCT
emaj-58	219	1	sfb	sfb	PROPN
emaj-58	219	2	649	649	NUM
emaj-58	219	3	discussion	discussion	NOUN
emaj-58	219	4	papers	paper	NOUN
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emaj-58	219	6	-	-	SYM
emaj-58	219	7	052	052	NUM
emaj-58	219	8	,	,	PUNCT
emaj-58	219	9	sonderforschungsbereich	sonderforschungsbereich	PRON
emaj-58	219	10	649	649	NUM
emaj-58	219	11	,	,	PUNCT
emaj-58	219	12	humboldt	humboldt	PROPN
emaj-58	219	13	university	university	PROPN
emaj-58	219	14	,	,	PUNCT
emaj-58	219	15	berlin	berlin	PROPN
emaj-58	219	16	,	,	PUNCT
emaj-58	219	17	germany	germany	PROPN
emaj-58	219	18	.	.	PUNCT
emaj-58	220	1	xiaoguang	xiaoguang	PROPN
emaj-58	220	2	li	li	PROPN
emaj-58	220	3	,	,	PUNCT
emaj-58	220	4	yangui	yangui	PROPN
emaj-58	220	5	zhang	zhang	PROPN
emaj-58	220	6	,	,	PUNCT
emaj-58	220	7	2008	2008	NUM
emaj-58	220	8	,	,	PUNCT
emaj-58	220	9	the	the	DET
emaj-58	220	10	mechanism	mechanism	NOUN
emaj-58	220	11	of	of	ADP
emaj-58	220	12	the	the	DET
emaj-58	220	13	linkage	linkage	NOUN
emaj-58	220	14	between	between	ADP
emaj-58	220	15	china	china	PROPN
emaj-58	220	16	’s	’s	PART
emaj-58	220	17	stock	stock	NOUN
emaj-58	220	18	market	market	NOUN
emaj-58	220	19	and	and	CCONJ
emaj-58	220	20	international	international	ADJ
emaj-58	220	21	markets	market	NOUN
emaj-58	220	22	.	.	PUNCT
emaj-58	221	1	studies	study	NOUN
emaj-58	221	2	of	of	ADP
emaj-58	221	3	international	international	ADJ
emaj-58	221	4	finance	finance	NOUN
emaj-58	221	5	,	,	PUNCT
emaj-58	221	6	no.11	no.11	PROPN
emaj-58	221	7	.	.	PUNCT
emaj-58	222	1	xicun	xicun	PROPN
emaj-58	222	2	youzuo	youzuo	PROPN
emaj-58	222	3	,	,	PUNCT
emaj-58	222	4	2009	2009	NUM
emaj-58	222	5	,	,	PUNCT
emaj-58	222	6	study	study	NOUN
emaj-58	222	7	on	on	ADP
emaj-58	222	8	comovement	comovement	NOUN
emaj-58	222	9	between	between	ADP
emaj-58	222	10	chinese	chinese	ADJ
emaj-58	222	11	stock	stock	NOUN
emaj-58	222	12	market	market	NOUN
emaj-58	222	13	and	and	CCONJ
emaj-58	222	14	the	the	DET
emaj-58	222	15	u.s	u.s	PROPN
emaj-58	222	16	.	.	PROPN
emaj-58	222	17	stock	stock	NOUN
emaj-58	222	18	market	market	NOUN
emaj-58	222	19	.	.	PUNCT
emaj-58	223	1	economic	economic	ADJ
emaj-58	223	2	review	review	PROPN
emaj-58	223	3	,	,	PUNCT
emaj-58	223	4	no.2	no.2	PROPN
emaj-58	223	5	.	.	PROPN
emaj-58	223	6	zhigao	zhigao	PROPN
emaj-58	223	7	yin	yin	PROPN
emaj-58	223	8	and	and	CCONJ
emaj-58	223	9	ning	ning	PROPN
emaj-58	223	10	mao	mao	PROPN
emaj-58	223	11	,	,	PUNCT
emaj-58	223	12	2008	2008	NUM
emaj-58	223	13	,	,	PUNCT
emaj-58	223	14	a	a	DET
emaj-58	223	15	theoretical	theoretical	ADJ
emaj-58	223	16	review	review	NOUN
emaj-58	223	17	on	on	ADP
emaj-58	223	18	stock	stock	NOUN
emaj-58	223	19	market	market	NOUN
emaj-58	223	20	comovement	comovement	NOUN
emaj-58	223	21	.	.	PUNCT
emaj-58	224	1	economic	economic	ADJ
emaj-58	224	2	perspectives	perspective	NOUN
emaj-58	224	3	,	,	PUNCT
emaj-58	224	4	no	no	INTJ
emaj-58	224	5	.	.	NOUN
emaj-58	224	6	8	8	NUM
emaj-58	224	7	.	.	NUM
emaj-58	225	1	http://ideas.repec.org/p/met/wpaper/1209.html	http://ideas.repec.org/p/met/wpaper/1209.html	VERB
emaj-58	225	2	http://ideas.repec.org/p/met/wpaper/1209.html	http://ideas.repec.org/p/met/wpaper/1209.html	VERB
emaj-58	225	3	http://ideas.repec.org/p/met/wpaper/1209.html	http://ideas.repec.org/p/met/wpaper/1209.html	ADJ
emaj-58	225	4	http://ideas.repec.org/p/met/wpaper/1209.html	http://ideas.repec.org/p/met/wpaper/1209.html	VERB
emaj-58	225	5	http://ideas.repec.org/p/met/wpaper/1209.html	http://ideas.repec.org/p/met/wpaper/1209.html	VERB
emaj-58	225	6	http://ideas.repec.org/s/met/wpaper.html	http://ideas.repec.org/s/met/wpaper.html	PROPN
emaj-58	225	7	http://ideas.repec.org/p/hum/wpaper/sfb649dp2012-052.html	http://ideas.repec.org/p/hum/wpaper/sfb649dp2012-052.html	PROPN
emaj-58	225	8	http://ideas.repec.org/p/hum/wpaper/sfb649dp2012-052.html	http://ideas.repec.org/p/hum/wpaper/sfb649dp2012-052.html	PROPN
emaj-58	225	9	http://ideas.repec.org/p/hum/wpaper/sfb649dp2012-052.html	http://ideas.repec.org/p/hum/wpaper/sfb649dp2012-052.html	PROPN
emaj-58	225	10	http://ideas.repec.org/s/hum/wpaper.html	http://ideas.repec.org/s/hum/wpaper.html	PROPN