id sid eid entity type esutjss-90 1 1 6 CARDINAL esutjss-90 1 2 3 CARDINAL esutjss-90 1 3 2021 CARDINAL esutjss-90 1 4 295 PRODUCT esutjss-90 1 5 nigerian NORP esutjss-90 1 6 jonathan e. ogbuabor1 PERSON esutjss-90 1 7 n. onuigbo2 PERSON esutjss-90 1 8 anthony orji3 PERSON esutjss-90 1 9 3 DATE esutjss-90 1 10 4 CARDINAL esutjss-90 1 11 university of nigeria ORG esutjss-90 1 12 nsukka 2department PERSON esutjss-90 1 13 enugu state university of science and technology ORG esutjss-90 1 14 enugu, nigeria * ORG esutjss-90 2 1 nigeria GPE esutjss-90 2 2 2008-2009 DATE esutjss-90 3 1 nigerian NORP esutjss-90 3 2 the quarterly period DATE esutjss-90 3 3 1997q1 CARDINAL esutjss-90 3 4 2019q4 CARDINAL esutjss-90 4 1 the nigerian stock exchange ORG esutjss-90 6 1 u.s. GPE esutjss-90 7 1 nigerian NORP esutjss-90 8 1 nigeria GPE esutjss-90 8 2 jel ORG esutjss-90 8 3 g10 ORG esutjss-90 8 4 c22 ORG esutjss-90 8 5 anyanwu ORG esutjss-90 8 6 1993 DATE esutjss-90 10 1 ohiomu & enabulu ORG esutjss-90 10 2 2011 DATE esutjss-90 11 1 the nigerian stock exchange ORG esutjss-90 11 2 1960 DATE esutjss-90 11 3 the lagos stock exchange ORG esutjss-90 12 1 1977 DATE esutjss-90 12 2 the nigerian stock exchange ORG esutjss-90 12 3 mailto:ifeifeonuigbo@yahoo.com ORG esutjss-90 12 4 nigerian NORP esutjss-90 12 5 2011 DATE esutjss-90 13 1 nigerian NORP esutjss-90 13 2 19 CARDINAL esutjss-90 13 3 1961 DATE esutjss-90 14 1 2018 DATE esutjss-90 14 2 169 CARDINAL esutjss-90 14 3 over n13 trillion MONEY esutjss-90 15 1 the securities and exchange commission ORG esutjss-90 16 1 many years DATE esutjss-90 16 2 nigerian NORP esutjss-90 17 1 anyanwu PERSON esutjss-90 17 2 1993 DATE esutjss-90 17 3 nigerian NORP esutjss-90 18 1 nigerian NORP esutjss-90 19 1 2007-2008 DATE esutjss-90 20 1 baker PERSON esutjss-90 20 2 davis PERSON esutjss-90 20 3 2016 DATE esutjss-90 20 4 2015 DATE esutjss-90 21 1 arouri GPE esutjss-90 21 2 2014 DATE esutjss-90 24 1 2013 DATE esutjss-90 25 1 the last few decades DATE esutjss-90 25 2 nigeria GPE esutjss-90 27 1 2007-2008 DATE esutjss-90 27 2 297 2013q3 CARDINAL esutjss-90 27 3 the united states GPE esutjss-90 27 4 china GPE esutjss-90 27 5 brexit PERSON esutjss-90 27 6 covid-19 DATE esutjss-90 29 1 nigeria GPE esutjss-90 30 1 the civil war of 1967-1970 EVENT esutjss-90 30 2 2016 CARDINAL esutjss-90 30 3 october 2020 DATE esutjss-90 31 1 nigeria GPE esutjss-90 32 1 nigeria GPE esutjss-90 32 2 nigerian NORP esutjss-90 34 1 abdullah PERSON esutjss-90 34 2 2020 DATE esutjss-90 34 3 2019 DATE esutjss-90 34 4 & saha ORG esutjss-90 34 5 2019 DATE esutjss-90 34 6 riaz PERSON esutjss-90 34 7 2018 DATE esutjss-90 34 8 zalla ORG esutjss-90 34 9 2017 DATE esutjss-90 34 10 arouri GPE esutjss-90 34 11 estay ORG esutjss-90 34 12 rault & roubaud ORG esutjss-90 34 13 2016 DATE esutjss-90 35 1 baker et al. PERSON esutjss-90 35 2 2016 DATE esutjss-90 35 3 bhagat, ghosh & rangan ORG esutjss-90 35 4 2013 DATE esutjss-90 36 1 nigeria GPE esutjss-90 36 2 nigerian NORP esutjss-90 36 3 augustine & paul ORG esutjss-90 36 4 2019 DATE esutjss-90 36 5 ukwueze, asogwa & odo, 2018 ORG esutjss-90 36 6 cbn ORG esutjss-90 36 7 2015 DATE esutjss-90 37 1 nigerian NORP esutjss-90 38 1 nigerian NORP esutjss-90 41 1 the nigerian stock exchange ORG esutjss-90 41 2 nigerian NORP esutjss-90 42 1 the years DATE esutjss-90 43 1 nigerian NORP esutjss-90 44 1 january 1997 to march 2020 DATE esutjss-90 44 2 1 CARDINAL esutjss-90 45 1 february 2008 DATE esutjss-90 45 2 2007-2008 DATE esutjss-90 47 1 1 CARDINAL esutjss-90 47 2 january 1997 DATE esutjss-90 47 3 march 2020 DATE esutjss-90 47 4 2007-2008 DATE esutjss-90 48 1 around february 2005 DATE esutjss-90 48 2 2004-2005 DATE esutjss-90 49 1 around january 2012 DATE esutjss-90 50 1 january 2015 DATE esutjss-90 50 2 2015 CARDINAL esutjss-90 51 1 2016 DATE esutjss-90 52 1 2018q2 DATE esutjss-90 52 2 2020q1 CARDINAL esutjss-90 53 1 covid-19 DATE esutjss-90 54 1 50 CARDINAL esutjss-90 54 2 250 CARDINAL esutjss-90 54 3 1 9 9 8 m ay 1 9 9 9 j an 1 9 9 9 TIME esutjss-90 54 4 2 CARDINAL esutjss-90 54 5 2 CARDINAL esutjss-90 54 6 2 CARDINAL esutjss-90 54 7 2 CARDINAL esutjss-90 54 8 2 m ay QUANTITY esutjss-90 54 9 2 CARDINAL esutjss-90 54 10 2 CARDINAL esutjss-90 54 11 3 CARDINAL esutjss-90 54 12 2 CARDINAL esutjss-90 54 13 2 CARDINAL esutjss-90 54 14 2 CARDINAL esutjss-90 54 15 5 CARDINAL esutjss-90 54 16 2 CARDINAL esutjss-90 54 17 6 m ay QUANTITY esutjss-90 54 18 2 CARDINAL esutjss-90 54 19 2 CARDINAL esutjss-90 54 20 7 CARDINAL esutjss-90 54 21 2 CARDINAL esutjss-90 54 22 2 CARDINAL esutjss-90 54 23 2 CARDINAL esutjss-90 54 24 9 CARDINAL esutjss-90 54 25 2 CARDINAL esutjss-90 54 26 2 CARDINAL esutjss-90 54 27 2 CARDINAL esutjss-90 54 28 2 CARDINAL esutjss-90 54 29 1 2 m ay QUANTITY esutjss-90 54 30 2 CARDINAL esutjss-90 54 31 2 CARDINAL esutjss-90 54 32 2 CARDINAL esutjss-90 54 33 2 CARDINAL esutjss-90 54 34 2 CARDINAL esutjss-90 54 35 2 CARDINAL esutjss-90 54 36 2 CARDINAL esutjss-90 54 37 2 CARDINAL esutjss-90 54 38 2 CARDINAL esutjss-90 54 39 2 CARDINAL esutjss-90 54 40 2 CARDINAL esutjss-90 54 41 299 CARDINAL esutjss-90 55 1 nigeria GPE esutjss-90 55 2 nigerian NORP esutjss-90 59 1 arouri GPE esutjss-90 60 1 2014 DATE esutjss-90 61 1 2012 DATE esutjss-90 63 1 2013 DATE esutjss-90 64 1 kostka PERSON esutjss-90 64 2 roye PERSON esutjss-90 64 3 2007 DATE esutjss-90 66 1 ohiomu & enabulu ORG esutjss-90 66 2 2011 DATE esutjss-90 66 3 anyanwu ORG esutjss-90 66 4 1993 DATE esutjss-90 72 1 nigerian NORP esutjss-90 73 1 1993 DATE esutjss-90 73 2 2 CARDINAL esutjss-90 73 3 2 CARDINAL esutjss-90 73 4 nigerian NORP esutjss-90 75 1 nigerian NORP esutjss-90 76 1 1. CARDINAL esutjss-90 76 2 2 CARDINAL esutjss-90 76 3 3 CARDINAL esutjss-90 76 4 nigerian NORP esutjss-90 76 5 301 CARDINAL esutjss-90 80 1 three CARDINAL esutjss-90 84 1 clarkson, 1964 ORG esutjss-90 87 1 1970 DATE esutjss-90 90 1 1952 DATE esutjss-90 90 2 one CARDINAL esutjss-90 92 1 two CARDINAL esutjss-90 92 2 nigerian NORP esutjss-90 94 1 1958 DATE esutjss-90 95 1 1958 DATE esutjss-90 95 2 two CARDINAL esutjss-90 95 3 one CARDINAL esutjss-90 97 1 tobin ORG esutjss-90 97 2 1958 DATE esutjss-90 97 3 markowitz (1952 ORG esutjss-90 98 1 two CARDINAL esutjss-90 102 1 a. PERSON esutjss-90 102 2 bernanke PERSON esutjss-90 102 3 1983 DATE esutjss-90 102 4 brennan PERSON esutjss-90 102 5 schwartz PERSON esutjss-90 102 6 1985 DATE esutjss-90 106 1 the next period DATE esutjss-90 107 1 303 CARDINAL esutjss-90 109 1 carroll ORG esutjss-90 109 2 kimball GPE esutjss-90 109 3 2016 DATE esutjss-90 110 1 hour TIME esutjss-90 112 1 leland GPE esutjss-90 112 2 1968 DATE esutjss-90 114 1 carroll ORG esutjss-90 114 2 samwick ORG esutjss-90 114 3 1998 DATE esutjss-90 115 1 moore ORG esutjss-90 115 2 2016 DATE esutjss-90 117 1 premia ORG esutjss-90 117 2 2014 DATE esutjss-90 121 1 arellano PERSON esutjss-90 121 2 bai & kehoe ORG esutjss-90 121 3 2010 DATE esutjss-90 123 1 2019 DATE esutjss-90 123 2 indonesian NORP esutjss-90 124 1 nigerian NORP esutjss-90 124 2 monthly DATE esutjss-90 124 3 the period january 2000 to DATE esutjss-90 124 4 december 2017 DATE esutjss-90 125 1 indonesian NORP esutjss-90 126 1 indonesian NORP esutjss-90 127 1 baker et al PERSON esutjss-90 128 1 2016 DATE esutjss-90 128 2 the united states GPE esutjss-90 128 3 eleven CARDINAL esutjss-90 130 1 saha PERSON esutjss-90 130 2 2019 DATE esutjss-90 130 3 usa GPE esutjss-90 130 4 canada GPE esutjss-90 130 5 uk GPE esutjss-90 130 6 korea GPE esutjss-90 130 7 japan GPE esutjss-90 131 1 monthly DATE esutjss-90 131 2 the period of january 1985 to october 2018 DATE esutjss-90 132 1 usa GPE esutjss-90 132 2 canada GPE esutjss-90 132 3 uk GPE esutjss-90 132 4 korea GPE esutjss-90 132 5 five CARDINAL esutjss-90 133 1 japan GPE esutjss-90 133 2 canada GPE esutjss-90 133 3 uk GPE esutjss-90 134 1 usa GPE esutjss-90 134 2 canada GPE esutjss-90 134 3 uk GPE esutjss-90 134 4 korea GPE esutjss-90 134 5 japan GPE esutjss-90 135 1 ireland GPE esutjss-90 135 2 zalla ORG esutjss-90 135 3 2017 CARDINAL esutjss-90 136 1 1985 DATE esutjss-90 136 2 2016 DATE esutjss-90 138 1 arbatli PERSON esutjss-90 138 2 davis PERSON esutjss-90 138 3 ito PERSON esutjss-90 138 4 2017 CARDINAL esutjss-90 138 5 japan GPE esutjss-90 139 1 asian NORP esutjss-90 139 2 2011 DATE esutjss-90 139 3 brexit PERSON esutjss-90 139 4 japan GPE esutjss-90 140 1 japan GPE esutjss-90 141 1 305 CARDINAL esutjss-90 142 1 2016 CARDINAL esutjss-90 143 1 monthly DATE esutjss-90 143 2 the period 1900 to 2014 DATE esutjss-90 145 1 2016 CARDINAL esutjss-90 145 2 baker PERSON esutjss-90 145 3 davis PERSON esutjss-90 145 4 sammon PERSON esutjss-90 145 5 2021 CARDINAL esutjss-90 147 1 riaz et al PERSON esutjss-90 148 1 2018 DATE esutjss-90 150 1 bhagat et al PERSON esutjss-90 151 1 2013 DATE esutjss-90 151 2 indian NORP esutjss-90 151 3 the period 2003 to 2012 DATE esutjss-90 152 1 bombay stock exchange ORG esutjss-90 154 1 india GPE esutjss-90 154 2 2005 DATE esutjss-90 154 3 0.56% PERCENT esutjss-90 154 4 1.36% PERCENT esutjss-90 155 1 abdullah PERSON esutjss-90 155 2 2020 DATE esutjss-90 155 3 united states GPE esutjss-90 155 4 gulf LOC esutjss-90 155 5 united arab NORP esutjss-90 155 6 saudi arabia GPE esutjss-90 155 7 qatar GPE esutjss-90 155 8 bahrain GPE esutjss-90 155 9 oman GPE esutjss-90 155 10 kuwait GPE esutjss-90 156 1 united states GPE esutjss-90 156 2 united arab NORP esutjss-90 156 3 qatar GPE esutjss-90 156 4 saudi arabia GPE esutjss-90 156 5 kuwait GPE esutjss-90 156 6 oman GPE esutjss-90 156 7 bahrain GPE esutjss-90 157 1 rehman PERSON esutjss-90 157 2 2019 DATE esutjss-90 157 3 asia LOC esutjss-90 157 4 european NORP esutjss-90 158 1 the period of 1995 DATE esutjss-90 158 2 2015 DATE esutjss-90 161 1 nigerian NORP esutjss-90 161 2 nigeria GPE esutjss-90 161 3 cbn ORG esutjss-90 161 4 2015 DATE esutjss-90 162 1 quarterly DATE esutjss-90 162 2 2000q1 to 2015q1 CARDINAL esutjss-90 163 1 nigeria GPE esutjss-90 166 1 2018 DATE esutjss-90 166 2 nigeria GPE esutjss-90 169 1 2019 DATE esutjss-90 169 2 nigeria GPE esutjss-90 170 1 the period of 1997 DATE esutjss-90 170 2 2016 DATE esutjss-90 171 1 nigeria GPE esutjss-90 172 1 nigeria GPE esutjss-90 173 1 nigeria GPE esutjss-90 173 2 nigerian NORP esutjss-90 175 1 pesaran ORG esutjss-90 175 2 2001 DATE esutjss-90 180 1 2001 DATE esutjss-90 181 1 307 CARDINAL esutjss-90 181 2 quarterly DATE esutjss-90 181 3 1997q1 CARDINAL esutjss-90 181 4 2019q4 CARDINAL esutjss-90 181 5 1 CARDINAL esutjss-90 184 1 1 CARDINAL esutjss-90 184 2 asi ORG esutjss-90 184 3 2020 DATE esutjss-90 184 4 2020 DATE esutjss-90 184 5 2016 CARDINAL esutjss-90 184 6 exch ORG esutjss-90 184 7 naira to dollar MONEY esutjss-90 184 8 cbn ORG esutjss-90 184 9 2020 DATE esutjss-90 184 10 cbn ORG esutjss-90 184 11 2020 DATE esutjss-90 184 12 pob brent ORG esutjss-90 184 13 2020 DATE esutjss-90 184 14 2010 DATE esutjss-90 184 15 2020 DATE esutjss-90 184 16 2 CARDINAL esutjss-90 187 1 92 CARDINAL esutjss-90 188 1 2 CARDINAL esutjss-90 188 2 asi epu exch ORG esutjss-90 188 3 pob rgdp PERSON esutjss-90 188 4 4.4108 4.6803 MONEY esutjss-90 188 5 8.5344 ORG esutjss-90 188 6 7.5831 MONEY esutjss-90 188 7 4.6015 4.6698 MONEY esutjss-90 188 8 5.5054 CARDINAL esutjss-90 188 9 10.2798 CARDINAL esutjss-90 188 10 4.7991 CARDINAL esutjss-90 188 11 7.8555 MONEY esutjss-90 188 12 2.9914 CARDINAL esutjss-90 191 1 2.4268 CARDINAL esutjss-90 191 2 1.8022 ORG esutjss-90 191 3 1.7397 MONEY esutjss-90 191 4 8.3544 ORG esutjss-90 191 5 0.0103 CARDINAL esutjss-90 191 6 0.0077 MONEY esutjss-90 191 7 92 CARDINAL esutjss-90 191 8 riaz et al PERSON esutjss-90 192 1 2018 DATE esutjss-90 194 1 π›Όπ‘—π΄π‘†πΌπ‘‘βˆ’π‘— DATE esutjss-90 198 1 πœ‹π‘—π‘ƒπ‘‚π΅π‘‘βˆ’π‘— CARDINAL esutjss-90 199 1 1 CARDINAL esutjss-90 199 2 nigerian NORP esutjss-90 199 3 1 CARDINAL esutjss-90 199 4 4 CARDINAL esutjss-90 199 5 quarterly DATE esutjss-90 199 6 zero CARDINAL esutjss-90 202 1 1 CARDINAL esutjss-90 205 1 𝑗=0 ORG esutjss-90 206 1 2 CARDINAL esutjss-90 206 2 first ORDINAL esutjss-90 206 3 1 CARDINAL esutjss-90 207 1 1 CARDINAL esutjss-90 207 2 2 CARDINAL esutjss-90 209 1 adf ORG esutjss-90 209 2 3 CARDINAL esutjss-90 210 1 first ORDINAL esutjss-90 213 1 2001 DATE esutjss-90 214 1 309 CARDINAL esutjss-90 214 2 3 CARDINAL esutjss-90 214 3 5% PERCENT esutjss-90 214 4 adf ORG esutjss-90 214 5 1st ORDINAL esutjss-90 214 6 5% PERCENT esutjss-90 217 1 -0.41849 -3.45995 -10.77941 -3.46052 i(1 PERSON esutjss-90 217 2 4 CARDINAL esutjss-90 218 1 5.1276 CARDINAL esutjss-90 218 2 5% PERCENT esutjss-90 222 1 first ORDINAL esutjss-90 223 1 first ORDINAL esutjss-90 223 2 4 CARDINAL esutjss-90 223 3 k f-statistic PERSON esutjss-90 223 4 5.127608 5 CARDINAL esutjss-90 223 5 i0 ORG esutjss-90 223 6 10% PERCENT esutjss-90 223 7 2.26 3.35 5% PERCENT esutjss-90 223 8 2.62 3.79 2.5% PERCENT esutjss-90 223 9 2.96 CARDINAL esutjss-90 223 10 4.18 1% PERCENT esutjss-90 223 11 3.41 4.68 CARDINAL esutjss-90 223 12 appendix 1 FAC esutjss-90 224 1 5 CARDINAL esutjss-90 224 2 1 CARDINAL esutjss-90 226 1 the durbin-watson ORG esutjss-90 226 2 2.00 CARDINAL esutjss-90 229 1 1% PERCENT esutjss-90 230 1 ramsey PERSON esutjss-90 230 2 0.4814 CARDINAL esutjss-90 230 3 5% PERCENT esutjss-90 232 1 5 CARDINAL esutjss-90 234 1 first ORDINAL esutjss-90 234 2 second ORDINAL esutjss-90 234 3 third ORDINAL esutjss-90 236 1 1% PERCENT esutjss-90 237 1 first ORDINAL esutjss-90 237 2 5% PERCENT esutjss-90 240 1 saha PERSON esutjss-90 240 2 2019 DATE esutjss-90 240 3 2019 DATE esutjss-90 240 4 zalla ORG esutjss-90 240 5 2017 CARDINAL esutjss-90 240 6 arouri GPE esutjss-90 241 1 2016 DATE esutjss-90 241 2 riaz et al PERSON esutjss-90 242 1 2018 DATE esutjss-90 243 1 second ORDINAL esutjss-90 244 1 second ORDINAL esutjss-90 245 1 311 CARDINAL esutjss-90 245 2 5 CARDINAL esutjss-90 245 3 4 CARDINAL esutjss-90 245 4 1 DATE esutjss-90 245 5 4 DATE esutjss-90 245 6 3 DATE esutjss-90 245 7 0 DATE esutjss-90 245 8 3 CARDINAL esutjss-90 245 9 1.0985 CARDINAL esutjss-90 245 10 0.0000 asi(-2 GPE esutjss-90 245 11 0.1535 CARDINAL esutjss-90 245 12 0.2800 CARDINAL esutjss-90 246 1 0.0622 CARDINAL esutjss-90 246 2 0.0051 CARDINAL esutjss-90 246 3 0.1047 CARDINAL esutjss-90 246 4 0.0616 MONEY esutjss-90 246 5 0.0936 CARDINAL esutjss-90 246 6 0.4903 0.1757 2.7907 MONEY esutjss-90 246 7 0.2028 CARDINAL esutjss-90 246 8 0.1717 CARDINAL esutjss-90 246 9 0.1520 0.2030 MONEY esutjss-90 246 10 0.2358 CARDINAL esutjss-90 246 11 0.2026 MONEY esutjss-90 247 1 0.1854 CARDINAL esutjss-90 247 2 0.0023 CARDINAL esutjss-90 247 3 0.0699 CARDINAL esutjss-90 247 4 0.0448 CARDINAL esutjss-90 247 5 0.0130 CARDINAL esutjss-90 247 6 0.0890 -0.6143 PERCENT esutjss-90 247 7 0.5817 CARDINAL esutjss-90 247 8 1.5349 CARDINAL esutjss-90 247 9 0.0249 CARDINAL esutjss-90 249 1 2.5080 -1.3235 0.1902 MONEY esutjss-90 249 2 0.9838 CARDINAL esutjss-90 249 3 265.99 CARDINAL esutjss-90 250 1 0.0000 CARDINAL esutjss-90 250 2 dw ORG esutjss-90 250 3 2.00 CARDINAL esutjss-90 250 4 0.5705 CARDINAL esutjss-90 250 5 0.7518 MONEY esutjss-90 250 6 0.9605 CARDINAL esutjss-90 250 7 0.2573 CARDINAL esutjss-90 250 8 ramsey GPE esutjss-90 251 1 5% and 1% PERCENT esutjss-90 252 1 5 CARDINAL esutjss-90 252 2 5% PERCENT esutjss-90 258 1 5% PERCENT esutjss-90 259 1 nigerian NORP esutjss-90 260 1 nigerian NORP esutjss-90 261 1 nigerian NORP esutjss-90 262 1 2 CARDINAL esutjss-90 263 1 2 CARDINAL esutjss-90 264 1 nigeria GPE esutjss-90 264 2 ecm ORG esutjss-90 264 3 2 CARDINAL esutjss-90 264 4 5 CARDINAL esutjss-90 264 5 ecm ORG esutjss-90 265 1 6 CARDINAL esutjss-90 268 1 5% PERCENT esutjss-90 269 1 1 CARDINAL esutjss-90 269 2 2 CARDINAL esutjss-90 270 1 313 CARDINAL esutjss-90 270 2 6 CARDINAL esutjss-90 270 3 4 CARDINAL esutjss-90 270 4 2 DATE esutjss-90 270 5 4 DATE esutjss-90 270 6 3 DATE esutjss-90 270 7 0 DATE esutjss-90 270 8 3 CARDINAL esutjss-90 270 9 d(asi GPE esutjss-90 271 1 1.1162 0.1850 6.0326 0.0000 MONEY esutjss-90 272 1 0.0016 CARDINAL esutjss-90 273 1 0.0999 0.0632 MONEY esutjss-90 274 1 0.0583 -1.2228 MONEY esutjss-90 274 2 0.1718 MONEY esutjss-90 275 1 0.1630 -1.5600 MONEY esutjss-90 277 1 0.2964 CARDINAL esutjss-90 277 2 0.2029 -2.3317 MONEY esutjss-90 277 3 0.0345 CARDINAL esutjss-90 278 1 0.0678 CARDINAL esutjss-90 278 2 0.8835 CARDINAL esutjss-90 281 1 1.1803 CARDINAL esutjss-90 281 2 0.8145 d(pob PERSON esutjss-90 281 3 0.3122 CARDINAL esutjss-90 282 1 0.0986 CARDINAL esutjss-90 282 2 0.0087 CARDINAL esutjss-90 283 1 0.0747 CARDINAL esutjss-90 283 2 0.0008 CARDINAL esutjss-90 285 1 0.0073 MONEY esutjss-90 285 2 0.2238 -4.6517 MONEY esutjss-90 285 3 0.0000 CARDINAL esutjss-90 285 4 0.0180 CARDINAL esutjss-90 285 5 0.9501 CARDINAL esutjss-90 285 6 0.5421 CARDINAL esutjss-90 285 7 5.6288 MONEY esutjss-90 286 1 0.0000 CARDINAL esutjss-90 286 2 dw ORG esutjss-90 286 3 2.07 CARDINAL esutjss-90 287 1 1% PERCENT esutjss-90 288 1 1 CARDINAL esutjss-90 289 1 7 CARDINAL esutjss-90 289 2 1 CARDINAL esutjss-90 289 3 8 CARDINAL esutjss-90 289 4 2 CARDINAL esutjss-90 291 1 7 CARDINAL esutjss-90 291 2 8 CARDINAL esutjss-90 291 3 u.s. GPE esutjss-90 292 1 nigerian NORP esutjss-90 294 1 7 CARDINAL esutjss-90 294 2 4 CARDINAL esutjss-90 294 3 0 DATE esutjss-90 294 4 4 DATE esutjss-90 294 5 3 DATE esutjss-90 294 6 0 DATE esutjss-90 294 7 3 CARDINAL esutjss-90 294 8 0.9864 0.1045 MONEY esutjss-90 295 1 0.4017 CARDINAL esutjss-90 297 1 0.0952 CARDINAL esutjss-90 297 2 0.0209 CARDINAL esutjss-90 297 3 0.0581 CARDINAL esutjss-90 297 4 0.0074 CARDINAL esutjss-90 297 5 0.5601 0.1965 MONEY esutjss-90 298 1 0.2254 CARDINAL esutjss-90 298 2 0.1360 CARDINAL esutjss-90 298 3 0.1894 0.2317 MONEY esutjss-90 298 4 0.2316 2.0311 0.0462 MONEY esutjss-90 299 1 0.2073 CARDINAL esutjss-90 299 2 0.0068 CARDINAL esutjss-90 299 3 0.0795 CARDINAL esutjss-90 299 4 0.1019 -0.4751 PERCENT esutjss-90 300 1 0.1019 CARDINAL esutjss-90 300 2 0.1732 0.0745 MONEY esutjss-90 300 3 0.3410 0.0828 4.1169 MONEY esutjss-90 301 1 0.1262 -2.3689 0.0207 CARDINAL esutjss-90 301 2 0.0842 CARDINAL esutjss-90 301 3 0.1669 0.0793 2.1043 MONEY esutjss-90 301 4 0.0391 MONEY esutjss-90 301 5 2.7791 CARDINAL esutjss-90 301 6 0.9993 CARDINAL esutjss-90 301 7 0.9953 CARDINAL esutjss-90 301 8 962.6735 CARDINAL esutjss-90 302 1 0.0000 CARDINAL esutjss-90 302 2 dw ORG esutjss-90 302 3 2.01 CARDINAL esutjss-90 302 4 jarque ORG esutjss-90 302 5 01.3378 CARDINAL esutjss-90 302 6 0.5122 CARDINAL esutjss-90 302 7 0.7064 CARDINAL esutjss-90 302 8 0.4117 CARDINAL esutjss-90 302 9 ramsey GPE esutjss-90 302 10 0.2661 CARDINAL esutjss-90 303 1 5% and 1% PERCENT esutjss-90 304 1 315 CARDINAL esutjss-90 304 2 8 CARDINAL esutjss-90 304 3 4 CARDINAL esutjss-90 304 4 0 DATE esutjss-90 304 5 3 CARDINAL esutjss-90 304 6 3 DATE esutjss-90 304 7 0 DATE esutjss-90 304 8 3 CARDINAL esutjss-90 305 1 0.1679 MONEY esutjss-90 305 2 5.1005 MONEY esutjss-90 307 1 0.1012 CARDINAL esutjss-90 307 2 0.4735 CARDINAL esutjss-90 308 1 0.0967 ORG esutjss-90 308 2 0.1640 ORG esutjss-90 308 3 0.0033 d(epu QUANTITY esutjss-90 309 1 0.1765 CARDINAL esutjss-90 309 2 0.1156 d(mss(-2 MONEY esutjss-90 311 1 0.6071 0.1779 3.4133 MONEY esutjss-90 311 2 0.0736 -2.7495 MONEY esutjss-90 311 3 0.0077 CARDINAL esutjss-90 312 1 0.0732 CARDINAL esutjss-90 312 2 0.2132 d(exch(-2 PERCENT esutjss-90 314 1 0.1239 0.0750 MONEY esutjss-90 314 2 1.1961 CARDINAL esutjss-90 316 1 0.0962 CARDINAL esutjss-90 316 2 0.0796 CARDINAL esutjss-90 316 3 0.0102 CARDINAL esutjss-90 318 1 0.1429 MONEY esutjss-90 318 2 0.0202 CARDINAL esutjss-90 318 3 0.4939 CARDINAL esutjss-90 318 4 5.4174 MONEY esutjss-90 319 1 0.0000 CARDINAL esutjss-90 319 2 dw ORG esutjss-90 319 3 2.05 CARDINAL esutjss-90 320 1 1% PERCENT esutjss-90 321 1 nigerian NORP esutjss-90 321 2 the quarterly period DATE esutjss-90 321 3 1997q1 CARDINAL esutjss-90 321 4 2019q4 CARDINAL esutjss-90 323 1 u.s. GPE esutjss-90 325 1 first ORDINAL esutjss-90 325 2 nigeria GPE esutjss-90 325 3 nigerian NORP esutjss-90 327 1 second ORDINAL esutjss-90 327 2 nigerian NORP esutjss-90 328 1 nigerian NORP esutjss-90 329 1 the securities and exchange commission ORG esutjss-90 329 2 the central bank of nigeria ORG esutjss-90 329 3 the nigeria deposit insurance corporation ORG esutjss-90 329 4 nigerian NORP esutjss-90 330 1 nigerian NORP esutjss-90 331 1 abdullah PERSON esutjss-90 331 2 2020 DATE esutjss-90 332 1 united states economic policy uncertainty ORG esutjss-90 333 1 15(1 CARDINAL esutjss-90 333 2 223 CARDINAL esutjss-90 334 1 anyanwu PERSON esutjss-90 334 2 t. c. GPE esutjss-90 334 3 1993 DATE esutjss-90 336 1 nigeria GPE esutjss-90 336 2 arbatli PERSON esutjss-90 336 3 e.c. GPE esutjss-90 336 4 davis PERSON esutjss-90 336 5 s.j. PERSON esutjss-90 336 6 ito, a., & miake PERSON esutjss-90 336 7 2017 CARDINAL esutjss-90 337 1 japan GPE esutjss-90 338 1 nber GPE esutjss-90 338 2 23411 DATE esutjss-90 338 3 national bureau of economic research ORG esutjss-90 339 1 arellano PERSON esutjss-90 339 2 bai ORG esutjss-90 339 3 y. & kehoe ORG esutjss-90 339 4 2010 DATE esutjss-90 341 1 federal reserve bank ORG esutjss-90 341 2 minnesota GPE esutjss-90 342 1 arouri GPE esutjss-90 342 2 m., estay ORG esutjss-90 342 3 2016 CARDINAL esutjss-90 343 1 us GPE esutjss-90 344 1 18 CARDINAL esutjss-90 344 2 136 CARDINAL esutjss-90 345 1 arouri GPE esutjss-90 345 2 m. PERSON esutjss-90 345 3 c. & teulon ORG esutjss-90 345 4 f. PERSON esutjss-90 345 5 2014 DATE esutjss-90 347 1 economics bulletin ORG esutjss-90 347 2 1822-1834 DATE esutjss-90 348 1 m. & saha ORG esutjss-90 348 2 s. PERSON esutjss-90 348 3 2019 DATE esutjss-90 350 1 3(2 CARDINAL esutjss-90 350 2 412–424 CARDINAL esutjss-90 351 1 baker PERSON esutjss-90 351 2 s.r. GPE esutjss-90 351 3 davis PERSON esutjss-90 351 4 m.c GPE esutjss-90 351 5 2021 CARDINAL esutjss-90 353 1 nber working paper no. ORG esutjss-90 354 1 28687 DATE esutjss-90 354 2 national bureau of economic research ORG esutjss-90 355 1 baker PERSON esutjss-90 355 2 s.r. GPE esutjss-90 355 3 n. & davis ORG esutjss-90 355 4 s.j. PERSON esutjss-90 355 5 2016 CARDINAL esutjss-90 357 1 quarterly DATE esutjss-90 357 2 131(4 DATE esutjss-90 357 3 1593 CARDINAL esutjss-90 358 1 317 CARDINAL esutjss-90 358 2 b.s. GPE esutjss-90 358 3 1983 DATE esutjss-90 360 1 quarterly DATE esutjss-90 360 2 85–106 DATE esutjss-90 361 1 bhagat ORG esutjss-90 361 2 s. PERSON esutjss-90 361 3 2013 DATE esutjss-90 362 1 india GPE esutjss-90 363 1 iim bangalore ORG esutjss-90 363 2 407 CARDINAL esutjss-90 364 1 2014 DATE esutjss-90 366 1 28(2 CARDINAL esutjss-90 366 2 153–176 CARDINAL esutjss-90 366 3 kose GPE esutjss-90 366 4 m. PERSON esutjss-90 366 5 2013 DATE esutjss-90 368 1 finance & development ORG esutjss-90 368 2 50(1 CARDINAL esutjss-90 368 3 38 CARDINAL esutjss-90 369 1 brennan, m. & schwartz ORG esutjss-90 369 2 e. ORG esutjss-90 369 3 1985 DATE esutjss-90 371 1 journal of business ORG esutjss-90 371 2 58 DATE esutjss-90 371 3 135 CARDINAL esutjss-90 372 1 carroll ORG esutjss-90 372 2 c. d. & kimball ORG esutjss-90 372 3 m.s. GPE esutjss-90 372 4 2016 CARDINAL esutjss-90 374 1 m. vernengo PERSON esutjss-90 374 2 e.p. caldentey GPE esutjss-90 375 1 rosser jr (eds. PERSON esutjss-90 376 1 london GPE esutjss-90 376 2 palgrave macmillan PERSON esutjss-90 377 1 https://doi.org/10.1057/978-1-349-951215_2079-1 carroll PERSON esutjss-90 377 2 c. d. & samwick ORG esutjss-90 377 3 a. a. PERSON esutjss-90 377 4 1998 DATE esutjss-90 379 1 410 419 CARDINAL esutjss-90 380 1 cbn ORG esutjss-90 380 2 2020 DATE esutjss-90 381 1 central bank of nigeria ORG esutjss-90 381 2 2020 DATE esutjss-90 382 1 abuja, nigeria: ORG esutjss-90 382 2 central bank of nigeria ORG esutjss-90 383 1 cbn PERSON esutjss-90 383 2 2015 CARDINAL esutjss-90 385 1 abuja GPE esutjss-90 385 2 central bank of nigeria ORG esutjss-90 386 1 clarkson ORG esutjss-90 386 2 g. p. e. PERSON esutjss-90 387 1 1964 DATE esutjss-90 389 1 sloan school of management ORG esutjss-90 390 1 83 DATE esutjss-90 390 2 davis ORG esutjss-90 390 3 s. j. PERSON esutjss-90 390 4 2016 DATE esutjss-90 392 1 nber working ORG esutjss-90 392 2 22740 DATE esutjss-90 392 3 national bureau of economic research, inc energy & information ORG esutjss-90 392 4 2020 DATE esutjss-90 393 1 brent PERSON esutjss-90 394 1 15 june DATE esutjss-90 394 2 2021 DATE esutjss-90 394 3 e. f. ( PERSON esutjss-90 394 4 1970 DATE esutjss-90 396 1 american NORP esutjss-90 396 2 71 DATE esutjss-90 396 3 545 CARDINAL esutjss-90 397 1 gilal GPE esutjss-90 397 2 m.k. GPE esutjss-90 397 3 2019 DATE esutjss-90 398 1 indonesia GPE esutjss-90 399 1 17 CARDINAL esutjss-90 399 2 2021 DATE esutjss-90 399 3 2016 DATE esutjss-90 401 1 29(3 CARDINAL esutjss-90 401 2 523–564 CARDINAL esutjss-90 402 1 http://dx.doi.org/10.2139/ssrn.2246882 CARDINAL esutjss-90 402 2 nigerian NORP esutjss-90 402 3 t. & roye ORG esutjss-90 402 4 b. PERSON esutjss-90 402 5 2007 DATE esutjss-90 404 1 may 2017 DATE esutjss-90 404 2 1 CARDINAL esutjss-90 404 3 9 CARDINAL esutjss-90 405 1 leland PERSON esutjss-90 405 2 1968 DATE esutjss-90 407 1 quarterly DATE esutjss-90 407 2 82 CARDINAL esutjss-90 407 3 465 473 CARDINAL esutjss-90 408 1 s. & rogoff ORG esutjss-90 408 2 2015 DATE esutjss-90 409 1 six years DATE esutjss-90 410 1 482 CARDINAL esutjss-90 411 1 markowitz, h. (1952 ORG esutjss-90 413 1 91 CARDINAL esutjss-90 414 1 moore a. PERSON esutjss-90 414 2 2016 CARDINAL esutjss-90 416 1 2016-01 DATE esutjss-90 416 2 australia GPE esutjss-90 417 1 ohiomu PERSON esutjss-90 417 2 s. PERSON esutjss-90 417 3 g. o. PERSON esutjss-90 418 1 2011 DATE esutjss-90 419 1 nigeria GPE esutjss-90 420 1 journal of jorind ORG esutjss-90 420 2 9(1 CARDINAL esutjss-90 420 3 288 CARDINAL esutjss-90 421 1 m. & fagbeminiyi, f. (2011 ORG esutjss-90 422 1 nigerian stock exchange ORG esutjss-90 424 1 pesaran GPE esutjss-90 424 2 m.h. GPE esutjss-90 424 3 y. & smith ORG esutjss-90 424 4 r.j (2001 PERSON esutjss-90 426 1 16(3 CARDINAL esutjss-90 426 2 289 CARDINAL esutjss-90 427 1 b.a. GPE esutjss-90 427 2 o.v. GPE esutjss-90 427 3 augustine GPE esutjss-90 427 4 u. & paul ORG esutjss-90 427 5 w.m. GPE esutjss-90 427 6 2019 DATE esutjss-90 428 1 nigeria GPE esutjss-90 429 1 international journal of business, economics and management ORG esutjss-90 429 2 6(1 CARDINAL esutjss-90 429 3 23 CARDINAL esutjss-90 430 1 rehman PERSON esutjss-90 430 2 m.u. GPE esutjss-90 430 3 2019 DATE esutjss-90 431 1 asian NORP esutjss-90 431 2 european NORP esutjss-90 432 1 36(2 CARDINAL esutjss-90 432 2 114 CARDINAL esutjss-90 433 1 riaz, a. PERSON esutjss-90 433 2 hashmi GPE esutjss-90 433 3 s.h. ORG esutjss-90 433 4 khan GPE esutjss-90 433 5 m.a (2018 ORG esutjss-90 435 1 finance & management ORG esutjss-90 435 2 8(4 CARDINAL esutjss-90 435 3 163–170 CARDINAL esutjss-90 436 1 s.v. GPE esutjss-90 436 2 m., & sarpe ORG esutjss-90 436 3 d. NORP esutjss-90 436 4 2012 DATE esutjss-90 438 1 procedia economics ORG esutjss-90 438 2 3 CARDINAL esutjss-90 438 3 975 CARDINAL esutjss-90 438 4 980 CARDINAL esutjss-90 438 5 tobin ORG esutjss-90 438 6 j. PERSON esutjss-90 438 7 1958 DATE esutjss-90 440 1 25 CARDINAL esutjss-90 440 2 65-86 DATE esutjss-90 441 1 ukwueze GPE esutjss-90 441 2 e. r. PERSON esutjss-90 441 3 asogwa GPE esutjss-90 441 4 h. t. & odo ORG esutjss-90 441 5 a. c. PERSON esutjss-90 441 6 2018 DATE esutjss-90 442 1 nigerian NORP esutjss-90 443 1 asian NORP esutjss-90 443 2 6(2 CARDINAL esutjss-90 443 3 110 CARDINAL esutjss-90 443 4 120 CARDINAL esutjss-90 443 5 319 CARDINAL esutjss-90 443 6 2020 DATE esutjss-90 445 1 15 june DATE esutjss-90 445 2 2021 DATE esutjss-90 445 3 zalla ORG esutjss-90 445 4 2017 CARDINAL esutjss-90 446 1 ireland GPE esutjss-90 447 1 atlantic LOC esutjss-90 447 2 45 CARDINAL esutjss-90 447 3 269 271 CARDINAL esutjss-90 448 1 1 CARDINAL esutjss-90 448 2 k f-statistic PERSON esutjss-90 448 3 4.288568 5 CARDINAL esutjss-90 448 4 i0 ORG esutjss-90 448 5 10% PERCENT esutjss-90 448 6 2.26 3.35 5% PERCENT esutjss-90 448 7 2.62 3.79 2.5% PERCENT esutjss-90 448 8 2.96 CARDINAL esutjss-90 448 9 4.18 1% PERCENT esutjss-90 448 10 3.41 4.68 CARDINAL esutjss-90 448 11 4 CARDINAL