id	sid	tid	token	lemma	pos
esutjss-88	1	1	volume	volume	NOUN
esutjss-88	1	2	6	6	NUM
esutjss-88	1	3	issue	issue	NOUN
esutjss-88	1	4	3	3	NUM
esutjss-88	1	5	,	,	PUNCT
esutjss-88	1	6	2021	2021	NUM
esutjss-88	1	7	263	263	NUM
esutjss-88	1	8	effects	effect	NOUN
esutjss-88	1	9	of	of	ADP
esutjss-88	1	10	monetary	monetary	ADJ
esutjss-88	1	11	sector	sector	NOUN
esutjss-88	1	12	financial	financial	ADJ
esutjss-88	1	13	liberalization	liberalization	NOUN
esutjss-88	1	14	on	on	ADP
esutjss-88	1	15	domestic	domestic	ADJ
esutjss-88	1	16	savings	saving	NOUN
esutjss-88	1	17	in	in	ADP
esutjss-88	1	18	selected	select	VERB
esutjss-88	1	19	ecowas	ecowas	PROPN
esutjss-88	1	20	countries	countries	PROPN
esutjss-88	1	21	ihedioha	ihedioha	PROPN
esutjss-88	1	22	,	,	PUNCT
esutjss-88	1	23	victor	victor	PROPN
esutjss-88	1	24	n.*1	n.*1	PROPN
esutjss-88	1	25	chris	chris	PROPN
esutjss-88	1	26	u.	u.	PROPN
esutjss-88	1	27	kalu1	kalu1	PROPN
esutjss-88	2	1	ogbonnaya	ogbonnaya	PROPN
esutjss-88	2	2	,	,	PUNCT
esutjss-88	2	3	joshua	joshua	PROPN
esutjss-88	2	4	i.2	i.2	PROPN
esutjss-88	3	1	1department	1department	NUM
esutjss-88	3	2	of	of	ADP
esutjss-88	3	3	economics	economic	NOUN
esutjss-88	3	4	,	,	PUNCT
esutjss-88	3	5	nnamdi	nnamdi	PROPN
esutjss-88	3	6	azikiwe	azikiwe	PROPN
esutjss-88	3	7	university	university	PROPN
esutjss-88	3	8	,	,	PUNCT
esutjss-88	3	9	awka	awka	ADJ
esutjss-88	3	10	2department	2department	NUM
esutjss-88	3	11	of	of	ADP
esutjss-88	3	12	religion	religion	NOUN
esutjss-88	3	13	and	and	CCONJ
esutjss-88	3	14	human	human	ADJ
esutjss-88	3	15	relations	relation	NOUN
esutjss-88	3	16	,	,	PUNCT
esutjss-88	3	17	nnamdi	nnamdi	PROPN
esutjss-88	3	18	azikiwe	azikiwe	PROPN
esutjss-88	3	19	university	university	PROPN
esutjss-88	3	20	,	,	PUNCT
esutjss-88	3	21	awka	awka	NOUN
esutjss-88	3	22	*	*	PUNCT
esutjss-88	3	23	corresponding	correspond	VERB
esutjss-88	3	24	author	author	NOUN
esutjss-88	3	25	email	email	NOUN
esutjss-88	3	26	:	:	PUNCT
esutjss-88	4	1	gentlevic23@gmail.com	gentlevic23@gmail.com	X
esutjss-88	4	2	abstract	abstract	ADJ
esutjss-88	4	3	there	there	PRON
esutjss-88	4	4	has	have	AUX
esutjss-88	4	5	been	be	AUX
esutjss-88	4	6	rapid	rapid	ADJ
esutjss-88	4	7	decline	decline	NOUN
esutjss-88	4	8	in	in	ADP
esutjss-88	4	9	the	the	DET
esutjss-88	4	10	rate	rate	NOUN
esutjss-88	4	11	of	of	ADP
esutjss-88	4	12	saving	save	VERB
esutjss-88	4	13	in	in	ADP
esutjss-88	4	14	the	the	DET
esutjss-88	4	15	ecowas	ecowas	PROPN
esutjss-88	4	16	countries	country	NOUN
esutjss-88	4	17	.	.	PUNCT
esutjss-88	5	1	more	more	ADV
esutjss-88	5	2	so	so	ADV
esutjss-88	5	3	,	,	PUNCT
esutjss-88	5	4	monetary	monetary	ADJ
esutjss-88	5	5	sector	sector	NOUN
esutjss-88	5	6	financial	financial	ADJ
esutjss-88	5	7	liberalization	liberalization	NOUN
esutjss-88	5	8	in	in	ADP
esutjss-88	5	9	the	the	DET
esutjss-88	5	10	region	region	NOUN
esutjss-88	5	11	has	have	AUX
esutjss-88	5	12	not	not	PART
esutjss-88	5	13	yielded	yield	VERB
esutjss-88	5	14	a	a	DET
esutjss-88	5	15	fruitful	fruitful	ADJ
esutjss-88	5	16	outcome	outcome	NOUN
esutjss-88	5	17	as	as	SCONJ
esutjss-88	5	18	the	the	DET
esutjss-88	5	19	countries	country	NOUN
esutjss-88	5	20	have	have	AUX
esutjss-88	5	21	suffered	suffer	VERB
esutjss-88	5	22	widened	widened	ADJ
esutjss-88	5	23	disparity	disparity	NOUN
esutjss-88	5	24	of	of	ADP
esutjss-88	5	25	lending	lending	NOUN
esutjss-88	5	26	and	and	CCONJ
esutjss-88	5	27	deposit	deposit	NOUN
esutjss-88	5	28	rates	rate	NOUN
esutjss-88	5	29	,	,	PUNCT
esutjss-88	5	30	high	high	ADJ
esutjss-88	5	31	inflation	inflation	NOUN
esutjss-88	5	32	and	and	CCONJ
esutjss-88	5	33	continuous	continuous	ADJ
esutjss-88	5	34	decline	decline	NOUN
esutjss-88	5	35	in	in	ADP
esutjss-88	5	36	economic	economic	ADJ
esutjss-88	5	37	growth	growth	NOUN
esutjss-88	5	38	.	.	PUNCT
esutjss-88	6	1	the	the	DET
esutjss-88	6	2	study	study	NOUN
esutjss-88	6	3	examined	examine	VERB
esutjss-88	6	4	the	the	DET
esutjss-88	6	5	effects	effect	NOUN
esutjss-88	6	6	of	of	ADP
esutjss-88	6	7	monetary	monetary	ADJ
esutjss-88	6	8	sector	sector	NOUN
esutjss-88	6	9	financial	financial	ADJ
esutjss-88	6	10	liberalization	liberalization	NOUN
esutjss-88	6	11	in	in	ADP
esutjss-88	6	12	the	the	DET
esutjss-88	6	13	ecowas	ecowas	PROPN
esutjss-88	6	14	countries	country	NOUN
esutjss-88	6	15	of	of	ADP
esutjss-88	6	16	benin	benin	PROPN
esutjss-88	6	17	,	,	PUNCT
esutjss-88	6	18	cote	cote	PROPN
esutjss-88	6	19	d	d	NOUN
esutjss-88	6	20	’	'	PUNCT
esutjss-88	6	21	ivoire	ivoire	NOUN
esutjss-88	6	22	,	,	PUNCT
esutjss-88	6	23	ghana	ghana	PROPN
esutjss-88	6	24	,	,	PUNCT
esutjss-88	6	25	liberia	liberia	PROPN
esutjss-88	6	26	and	and	CCONJ
esutjss-88	6	27	nigeria	nigeria	PROPN
esutjss-88	6	28	from	from	ADP
esutjss-88	6	29	the	the	DET
esutjss-88	6	30	period	period	NOUN
esutjss-88	6	31	1981	1981	NUM
esutjss-88	6	32	-	-	SYM
esutjss-88	6	33	2019	2019	NUM
esutjss-88	6	34	.	.	PUNCT
esutjss-88	7	1	the	the	DET
esutjss-88	7	2	study	study	NOUN
esutjss-88	7	3	anchored	anchor	VERB
esutjss-88	7	4	on	on	ADP
esutjss-88	7	5	the	the	DET
esutjss-88	7	6	frameworks	framework	NOUN
esutjss-88	7	7	of	of	ADP
esutjss-88	7	8	the	the	DET
esutjss-88	7	9	life	life	NOUN
esutjss-88	7	10	cycle	cycle	NOUN
esutjss-88	7	11	and	and	CCONJ
esutjss-88	7	12	the	the	DET
esutjss-88	7	13	financial	financial	ADJ
esutjss-88	7	14	liberalization	liberalization	NOUN
esutjss-88	7	15	hypotheses	hypothesis	NOUN
esutjss-88	7	16	employed	employ	VERB
esutjss-88	7	17	the	the	DET
esutjss-88	7	18	panel	panel	NOUN
esutjss-88	7	19	vector	vector	NOUN
esutjss-88	7	20	auto	auto	NOUN
esutjss-88	7	21	regression	regression	NOUN
esutjss-88	7	22	(	(	PUNCT
esutjss-88	7	23	var	var	NOUN
esutjss-88	7	24	)	)	PUNCT
esutjss-88	7	25	estimation	estimation	NOUN
esutjss-88	7	26	technique	technique	NOUN
esutjss-88	7	27	.	.	PUNCT
esutjss-88	8	1	the	the	DET
esutjss-88	8	2	variables	variable	NOUN
esutjss-88	8	3	of	of	ADP
esutjss-88	8	4	the	the	DET
esutjss-88	8	5	study	study	NOUN
esutjss-88	8	6	are	be	AUX
esutjss-88	8	7	household	household	NOUN
esutjss-88	8	8	saving	save	VERB
esutjss-88	8	9	(	(	PUNCT
esutjss-88	8	10	dependent	dependent	ADJ
esutjss-88	8	11	)	)	PUNCT
esutjss-88	8	12	and	and	CCONJ
esutjss-88	8	13	domestic	domestic	ADJ
esutjss-88	8	14	credit	credit	NOUN
esutjss-88	8	15	provided	provide	VERB
esutjss-88	8	16	by	by	ADP
esutjss-88	8	17	the	the	DET
esutjss-88	8	18	financial	financial	ADJ
esutjss-88	8	19	sector	sector	NOUN
esutjss-88	8	20	,	,	PUNCT
esutjss-88	8	21	growth	growth	NOUN
esutjss-88	8	22	of	of	ADP
esutjss-88	8	23	gdp	gdp	NOUN
esutjss-88	8	24	,	,	PUNCT
esutjss-88	8	25	interest	interest	NOUN
esutjss-88	8	26	rate	rate	NOUN
esutjss-88	8	27	spread	spread	VERB
esutjss-88	8	28	,	,	PUNCT
esutjss-88	8	29	broad	broad	ADJ
esutjss-88	8	30	money	money	NOUN
esutjss-88	8	31	supply	supply	NOUN
esutjss-88	8	32	and	and	CCONJ
esutjss-88	8	33	financial	financial	ADJ
esutjss-88	8	34	liberalization	liberalization	NOUN
esutjss-88	8	35	dummy	dummy	NOUN
esutjss-88	8	36	,	,	PUNCT
esutjss-88	8	37	and	and	CCONJ
esutjss-88	8	38	gross	gross	ADJ
esutjss-88	8	39	fixed	fix	VERB
esutjss-88	8	40	investment	investment	NOUN
esutjss-88	8	41	as	as	ADP
esutjss-88	8	42	independent	independent	ADJ
esutjss-88	8	43	and	and	CCONJ
esutjss-88	8	44	control	control	NOUN
esutjss-88	8	45	variables	variable	NOUN
esutjss-88	8	46	.	.	PUNCT
esutjss-88	9	1	the	the	DET
esutjss-88	9	2	data	datum	NOUN
esutjss-88	9	3	were	be	AUX
esutjss-88	9	4	sourced	source	VERB
esutjss-88	9	5	from	from	ADP
esutjss-88	9	6	world	world	PROPN
esutjss-88	9	7	bank	bank	PROPN
esutjss-88	9	8	development	development	PROPN
esutjss-88	9	9	indicator	indicator	PROPN
esutjss-88	9	10	(	(	PUNCT
esutjss-88	9	11	wdi	wdi	NOUN
esutjss-88	9	12	,	,	PUNCT
esutjss-88	9	13	2020	2020	NUM
esutjss-88	9	14	)	)	PUNCT
esutjss-88	9	15	and	and	CCONJ
esutjss-88	9	16	the	the	DET
esutjss-88	9	17	african	african	PROPN
esutjss-88	9	18	development	development	PROPN
esutjss-88	9	19	bank	bank	PROPN
esutjss-88	9	20	database	database	NOUN
esutjss-88	9	21	(	(	PUNCT
esutjss-88	9	22	2020	2020	NUM
esutjss-88	9	23	)	)	PUNCT
esutjss-88	9	24	.	.	PUNCT
esutjss-88	10	1	the	the	DET
esutjss-88	10	2	study	study	NOUN
esutjss-88	10	3	showed	show	VERB
esutjss-88	10	4	that	that	SCONJ
esutjss-88	10	5	domestic	domestic	ADJ
esutjss-88	10	6	credit	credit	NOUN
esutjss-88	10	7	has	have	VERB
esutjss-88	10	8	a	a	DET
esutjss-88	10	9	significant	significant	ADJ
esutjss-88	10	10	positive	positive	ADJ
esutjss-88	10	11	effect	effect	NOUN
esutjss-88	10	12	on	on	ADP
esutjss-88	10	13	domestic	domestic	ADJ
esutjss-88	10	14	saving	saving	NOUN
esutjss-88	10	15	while	while	SCONJ
esutjss-88	10	16	gross	gross	ADJ
esutjss-88	10	17	fixed	fix	VERB
esutjss-88	10	18	capital	capital	NOUN
esutjss-88	10	19	formation	formation	NOUN
esutjss-88	10	20	has	have	VERB
esutjss-88	10	21	a	a	DET
esutjss-88	10	22	negative	negative	ADJ
esutjss-88	10	23	effect	effect	NOUN
esutjss-88	10	24	on	on	ADP
esutjss-88	10	25	domestic	domestic	ADJ
esutjss-88	10	26	saving	saving	NOUN
esutjss-88	10	27	.	.	PUNCT
esutjss-88	11	1	the	the	DET
esutjss-88	11	2	study	study	NOUN
esutjss-88	11	3	further	far	ADV
esutjss-88	11	4	revealed	reveal	VERB
esutjss-88	11	5	that	that	SCONJ
esutjss-88	11	6	labour	labour	ADJ
esutjss-88	11	7	force	force	NOUN
esutjss-88	11	8	and	and	CCONJ
esutjss-88	11	9	money	money	NOUN
esutjss-88	11	10	supply	supply	NOUN
esutjss-88	11	11	are	be	AUX
esutjss-88	11	12	negatively	negatively	ADV
esutjss-88	11	13	related	relate	VERB
esutjss-88	11	14	to	to	ADP
esutjss-88	11	15	household	household	NOUN
esutjss-88	11	16	saving	save	VERB
esutjss-88	11	17	in	in	ADP
esutjss-88	11	18	the	the	DET
esutjss-88	11	19	ecowas	ecowas	PROPN
esutjss-88	11	20	countries	country	NOUN
esutjss-88	11	21	within	within	ADP
esutjss-88	11	22	the	the	DET
esutjss-88	11	23	reviewing	reviewing	NOUN
esutjss-88	11	24	period	period	NOUN
esutjss-88	11	25	.	.	PUNCT
esutjss-88	12	1	from	from	ADP
esutjss-88	12	2	the	the	DET
esutjss-88	12	3	empirical	empirical	ADJ
esutjss-88	12	4	evidence	evidence	NOUN
esutjss-88	12	5	,	,	PUNCT
esutjss-88	12	6	the	the	DET
esutjss-88	12	7	study	study	NOUN
esutjss-88	12	8	recommended	recommend	VERB
esutjss-88	12	9	among	among	ADP
esutjss-88	12	10	others	other	NOUN
esutjss-88	12	11	,	,	PUNCT
esutjss-88	12	12	the	the	DET
esutjss-88	12	13	need	need	NOUN
esutjss-88	12	14	for	for	SCONJ
esutjss-88	12	15	the	the	DET
esutjss-88	12	16	government	government	NOUN
esutjss-88	12	17	to	to	PART
esutjss-88	12	18	implement	implement	VERB
esutjss-88	12	19	restrictive	restrictive	ADJ
esutjss-88	12	20	monetary	monetary	ADJ
esutjss-88	12	21	policy	policy	NOUN
esutjss-88	12	22	measures	measure	NOUN
esutjss-88	12	23	that	that	PRON
esutjss-88	12	24	will	will	AUX
esutjss-88	12	25	curtail	curtail	VERB
esutjss-88	12	26	excessive	excessive	ADJ
esutjss-88	12	27	money	money	NOUN
esutjss-88	12	28	supply	supply	NOUN
esutjss-88	12	29	in	in	ADP
esutjss-88	12	30	order	order	NOUN
esutjss-88	12	31	to	to	PART
esutjss-88	12	32	reduce	reduce	VERB
esutjss-88	12	33	inflation	inflation	NOUN
esutjss-88	12	34	spiral	spiral	ADJ
esutjss-88	12	35	and	and	CCONJ
esutjss-88	12	36	improve	improve	VERB
esutjss-88	12	37	household	household	NOUN
esutjss-88	12	38	saving	saving	NOUN
esutjss-88	12	39	in	in	ADP
esutjss-88	12	40	the	the	DET
esutjss-88	12	41	ecowas	ecowas	PROPN
esutjss-88	12	42	countries	country	NOUN
esutjss-88	12	43	.	.	PUNCT
esutjss-88	13	1	keywords	keyword	NOUN
esutjss-88	13	2	:	:	PUNCT
esutjss-88	13	3	domestic	domestic	ADJ
esutjss-88	13	4	saving	saving	NOUN
esutjss-88	13	5	,	,	PUNCT
esutjss-88	13	6	ecowas	ecowas	PROPN
esutjss-88	13	7	countries	country	NOUN
esutjss-88	13	8	,	,	PUNCT
esutjss-88	13	9	financial	financial	ADJ
esutjss-88	13	10	liberalization	liberalization	NOUN
esutjss-88	13	11	,	,	PUNCT
esutjss-88	13	12	monetary	monetary	ADJ
esutjss-88	13	13	sector	sector	NOUN
esutjss-88	13	14	,	,	PUNCT
esutjss-88	13	15	panel	panel	NOUN
esutjss-88	13	16	var	var	NOUN
esutjss-88	13	17	,	,	PUNCT
esutjss-88	13	18	jel	jel	PROPN
esutjss-88	13	19	classification	classification	NOUN
esutjss-88	13	20	:	:	PUNCT
esutjss-88	13	21	d14	d14	PROPN
esutjss-88	13	22	,	,	PUNCT
esutjss-88	13	23	b26	b26	NOUN
esutjss-88	13	24	,	,	PUNCT
esutjss-88	13	25	e50	e50	PROPN
esutjss-88	13	26	,	,	PUNCT
esutjss-88	13	27	e58	e58	PROPN
esutjss-88	13	28	,	,	PUNCT
esutjss-88	13	29	c23	c23	PROPN
esutjss-88	13	30	introduction	introduction	NOUN
esutjss-88	13	31	saving	saving	NOUN
esutjss-88	13	32	is	be	AUX
esutjss-88	13	33	defined	define	VERB
esutjss-88	13	34	as	as	ADP
esutjss-88	13	35	that	that	DET
esutjss-88	13	36	part	part	NOUN
esutjss-88	13	37	of	of	ADP
esutjss-88	13	38	disposable	disposable	ADJ
esutjss-88	13	39	income	income	NOUN
esutjss-88	13	40	which	which	PRON
esutjss-88	13	41	is	be	AUX
esutjss-88	13	42	not	not	PART
esutjss-88	13	43	spent	spend	VERB
esutjss-88	13	44	on	on	ADP
esutjss-88	13	45	consumption	consumption	NOUN
esutjss-88	13	46	(	(	PUNCT
esutjss-88	13	47	bime	bime	NOUN
esutjss-88	13	48	&	&	CCONJ
esutjss-88	13	49	mbanasor	mbanasor	PROPN
esutjss-88	13	50	,	,	PUNCT
esutjss-88	13	51	2011	2011	NUM
esutjss-88	13	52	)	)	PUNCT
esutjss-88	13	53	.	.	PUNCT
esutjss-88	14	1	saving	save	VERB
esutjss-88	14	2	involves	involve	VERB
esutjss-88	14	3	sacrificing	sacrifice	VERB
esutjss-88	14	4	the	the	DET
esutjss-88	14	5	current	current	ADJ
esutjss-88	14	6	consumption	consumption	NOUN
esutjss-88	14	7	in	in	ADP
esutjss-88	14	8	order	order	NOUN
esutjss-88	14	9	to	to	PART
esutjss-88	14	10	increase	increase	VERB
esutjss-88	14	11	the	the	DET
esutjss-88	14	12	living	living	NOUN
esutjss-88	14	13	standard	standard	NOUN
esutjss-88	14	14	and	and	CCONJ
esutjss-88	14	15	fulfilling	fulfil	VERB
esutjss-88	14	16	the	the	DET
esutjss-88	14	17	daily	daily	ADJ
esutjss-88	14	18	requirements	requirement	NOUN
esutjss-88	14	19	in	in	ADP
esutjss-88	14	20	the	the	DET
esutjss-88	14	21	future	future	NOUN
esutjss-88	14	22	.	.	PUNCT
esutjss-88	15	1	domestic	domestic	ADJ
esutjss-88	15	2	saving	saving	NOUN
esutjss-88	15	3	therefore	therefore	ADV
esutjss-88	15	4	becomes	become	VERB
esutjss-88	15	5	that	that	SCONJ
esutjss-88	15	6	part	part	NOUN
esutjss-88	15	7	of	of	ADP
esutjss-88	15	8	the	the	DET
esutjss-88	15	9	household	household	NOUN
esutjss-88	15	10	income	income	NOUN
esutjss-88	15	11	not	not	PART
esutjss-88	15	12	consumed	consume	VERB
esutjss-88	15	13	.	.	PUNCT
esutjss-88	16	1	the	the	DET
esutjss-88	16	2	vitality	vitality	NOUN
esutjss-88	16	3	of	of	ADP
esutjss-88	16	4	savings	saving	NOUN
esutjss-88	16	5	to	to	ADP
esutjss-88	16	6	the	the	DET
esutjss-88	16	7	economy	economy	NOUN
esutjss-88	16	8	has	have	AUX
esutjss-88	16	9	well	well	ADV
esutjss-88	16	10	-	-	PUNCT
esutjss-88	16	11	being	be	AUX
esutjss-88	16	12	espoused	espouse	VERB
esutjss-88	16	13	in	in	ADP
esutjss-88	16	14	the	the	DET
esutjss-88	16	15	economic	economic	ADJ
esutjss-88	16	16	development	development	NOUN
esutjss-88	16	17	literature	literature	NOUN
esutjss-88	16	18	.	.	PUNCT
esutjss-88	17	1	it	it	PRON
esutjss-88	17	2	could	could	AUX
esutjss-88	17	3	be	be	AUX
esutjss-88	17	4	used	use	VERB
esutjss-88	17	5	for	for	ADP
esutjss-88	17	6	investment	investment	NOUN
esutjss-88	17	7	to	to	PART
esutjss-88	17	8	earn	earn	VERB
esutjss-88	17	9	profit	profit	NOUN
esutjss-88	17	10	(	(	PUNCT
esutjss-88	17	11	interest	interest	NOUN
esutjss-88	17	12	)	)	PUNCT
esutjss-88	17	13	or	or	CCONJ
esutjss-88	17	14	be	be	AUX
esutjss-88	17	15	used	use	VERB
esutjss-88	17	16	to	to	PART
esutjss-88	17	17	purchase	purchase	VERB
esutjss-88	17	18	assets	asset	NOUN
esutjss-88	17	19	such	such	ADJ
esutjss-88	17	20	as	as	ADP
esutjss-88	17	21	building	building	NOUN
esutjss-88	17	22	,	,	PUNCT
esutjss-88	17	23	machinery	machinery	NOUN
esutjss-88	17	24	and	and	CCONJ
esutjss-88	17	25	infrastructure	infrastructure	NOUN
esutjss-88	17	26	.	.	PUNCT
esutjss-88	18	1	investment	investment	NOUN
esutjss-88	18	2	from	from	ADP
esutjss-88	18	3	saving	save	VERB
esutjss-88	18	4	contributes	contribute	VERB
esutjss-88	18	5	to	to	ADP
esutjss-88	18	6	growth	growth	NOUN
esutjss-88	18	7	in	in	ADP
esutjss-88	18	8	aggregate	aggregate	ADJ
esutjss-88	18	9	wealth	wealth	NOUN
esutjss-88	18	10	.	.	PUNCT
esutjss-88	19	1	but	but	CCONJ
esutjss-88	19	2	the	the	DET
esutjss-88	19	3	investment	investment	NOUN
esutjss-88	19	4	can	can	AUX
esutjss-88	19	5	not	not	PART
esutjss-88	19	6	increase	increase	VERB
esutjss-88	19	7	without	without	ADP
esutjss-88	19	8	increasing	increase	VERB
esutjss-88	19	9	the	the	DET
esutjss-88	19	10	amount	amount	NOUN
esutjss-88	19	11	of	of	ADP
esutjss-88	19	12	saving	saving	NOUN
esutjss-88	19	13	.	.	PUNCT
esutjss-88	20	1	thus	thus	ADV
esutjss-88	20	2	,	,	PUNCT
esutjss-88	20	3	saving	save	VERB
esutjss-88	20	4	performs	perform	VERB
esutjss-88	20	5	a	a	DET
esutjss-88	20	6	major	major	ADJ
esutjss-88	20	7	role	role	NOUN
esutjss-88	20	8	in	in	ADP
esutjss-88	20	9	providing	provide	VERB
esutjss-88	20	10	the	the	DET
esutjss-88	20	11	national	national	ADJ
esutjss-88	20	12	capacity	capacity	NOUN
esutjss-88	20	13	for	for	ADP
esutjss-88	20	14	investment	investment	NOUN
esutjss-88	20	15	and	and	CCONJ
esutjss-88	20	16	production	production	NOUN
esutjss-88	20	17	,	,	PUNCT
esutjss-88	20	18	which	which	PRON
esutjss-88	20	19	will	will	AUX
esutjss-88	20	20	affect	affect	VERB
esutjss-88	20	21	the	the	DET
esutjss-88	20	22	potentials	potential	NOUN
esutjss-88	20	23	of	of	ADP
esutjss-88	20	24	economic	economic	ADJ
esutjss-88	20	25	growth	growth	NOUN
esutjss-88	20	26	.	.	PUNCT
esutjss-88	21	1	in	in	ADP
esutjss-88	21	2	general	general	ADJ
esutjss-88	21	3	terms	term	NOUN
esutjss-88	21	4	,	,	PUNCT
esutjss-88	21	5	increasing	increase	VERB
esutjss-88	21	6	aggregate	aggregate	ADJ
esutjss-88	21	7	saving	saving	NOUN
esutjss-88	21	8	contributes	contribute	VERB
esutjss-88	21	9	to	to	ADP
esutjss-88	21	10	higher	high	ADJ
esutjss-88	21	11	investment	investment	NOUN
esutjss-88	21	12	and	and	CCONJ
esutjss-88	21	13	this	this	PRON
esutjss-88	21	14	leads	lead	VERB
esutjss-88	21	15	to	to	ADP
esutjss-88	21	16	higher	high	ADJ
esutjss-88	21	17	economic	economic	ADJ
esutjss-88	21	18	growth	growth	NOUN
esutjss-88	21	19	domestic	domestic	ADJ
esutjss-88	21	20	savings	saving	NOUN
esutjss-88	21	21	(	(	PUNCT
esutjss-88	21	22	gdp	gdp	NOUN
esutjss-88	21	23	)	)	PUNCT
esutjss-88	21	24	both	both	PRON
esutjss-88	21	25	in	in	ADP
esutjss-88	21	26	the	the	DET
esutjss-88	21	27	long	long	ADJ
esutjss-88	21	28	and	and	CCONJ
esutjss-88	21	29	short	short	ADJ
esutjss-88	21	30	-	-	PUNCT
esutjss-88	21	31	runs	run	NOUN
esutjss-88	21	32	.	.	PUNCT
esutjss-88	22	1	it	it	PRON
esutjss-88	22	2	means	mean	VERB
esutjss-88	22	3	that	that	SCONJ
esutjss-88	22	4	the	the	DET
esutjss-88	22	5	higher	high	ADJ
esutjss-88	22	6	saving	saving	NOUN
esutjss-88	22	7	rate	rate	NOUN
esutjss-88	22	8	leads	lead	VERB
esutjss-88	22	9	to	to	ADP
esutjss-88	22	10	less	less	ADJ
esutjss-88	22	11	consumption	consumption	NOUN
esutjss-88	22	12	,	,	PUNCT
esutjss-88	22	13	which	which	PRON
esutjss-88	22	14	could	could	AUX
esutjss-88	22	15	also	also	ADV
esutjss-88	22	16	result	result	VERB
esutjss-88	22	17	in	in	ADP
esutjss-88	22	18	larger	large	ADJ
esutjss-88	22	19	amount	amount	NOUN
esutjss-88	22	20	of	of	ADP
esutjss-88	22	21	capital	capital	NOUN
esutjss-88	22	22	investment	investment	NOUN
esutjss-88	22	23	and	and	CCONJ
esutjss-88	22	24	finally	finally	ADV
esutjss-88	22	25	a	a	DET
esutjss-88	22	26	higher	high	ADJ
esutjss-88	22	27	rate	rate	NOUN
esutjss-88	22	28	of	of	ADP
esutjss-88	22	29	economic	economic	ADJ
esutjss-88	22	30	growth	growth	NOUN
esutjss-88	22	31	.	.	PUNCT
esutjss-88	23	1	furthermore	furthermore	ADV
esutjss-88	23	2	,	,	PUNCT
esutjss-88	23	3	saving	saving	NOUN
esutjss-88	23	4	creates	create	VERB
esutjss-88	23	5	capital	capital	NOUN
esutjss-88	23	6	formation	formation	NOUN
esutjss-88	23	7	and	and	CCONJ
esutjss-88	23	8	leads	lead	VERB
esutjss-88	23	9	to	to	ADP
esutjss-88	23	10	technical	technical	ADJ
esutjss-88	23	11	innovation	innovation	NOUN
esutjss-88	23	12	and	and	CCONJ
esutjss-88	23	13	progress	progress	NOUN
esutjss-88	23	14	this	this	PRON
esutjss-88	23	15	helps	help	VERB
esutjss-88	23	16	with	with	ADP
esutjss-88	23	17	economies	economy	NOUN
esutjss-88	23	18	of	of	ADP
esutjss-88	23	19	large	large	ADJ
esutjss-88	23	20	scale	scale	NOUN
esutjss-88	23	21	production	production	NOUN
esutjss-88	23	22	and	and	CCONJ
esutjss-88	23	23	increase	increase	VERB
esutjss-88	23	24	specialization	specialization	NOUN
esutjss-88	23	25	.	.	PUNCT
esutjss-88	24	1	this	this	PRON
esutjss-88	24	2	also	also	ADV
esutjss-88	24	3	helps	help	VERB
esutjss-88	24	4	to	to	PART
esutjss-88	24	5	accelerate	accelerate	VERB
esutjss-88	24	6	the	the	DET
esutjss-88	24	7	productivity	productivity	NOUN
esutjss-88	24	8	of	of	ADP
esutjss-88	24	9	labour	labour	NOUN
esutjss-88	24	10	.	.	PUNCT
esutjss-88	25	1	thus	thus	ADV
esutjss-88	25	2	,	,	PUNCT
esutjss-88	25	3	saving	save	VERB
esutjss-88	25	4	leads	lead	VERB
esutjss-88	25	5	to	to	ADP
esutjss-88	25	6	fuller	full	ADJ
esutjss-88	25	7	utilization	utilization	NOUN
esutjss-88	25	8	of	of	ADP
esutjss-88	25	9	available	available	ADJ
esutjss-88	25	10	scarce	scarce	ADJ
esutjss-88	25	11	resources	resource	NOUN
esutjss-88	25	12	in	in	ADP
esutjss-88	25	13	an	an	DET
esutjss-88	25	14	efficient	efficient	ADJ
esutjss-88	25	15	way	way	NOUN
esutjss-88	25	16	,	,	PUNCT
esutjss-88	25	17	as	as	SCONJ
esutjss-88	25	18	it	it	PRON
esutjss-88	25	19	increases	increase	VERB
esutjss-88	25	20	the	the	DET
esutjss-88	25	21	size	size	NOUN
esutjss-88	25	22	of	of	ADP
esutjss-88	25	23	national	national	ADJ
esutjss-88	25	24	output	output	NOUN
esutjss-88	25	25	,	,	PUNCT
esutjss-88	25	26	income	income	NOUN
esutjss-88	25	27	and	and	CCONJ
esutjss-88	25	28	employment	employment	NOUN
esutjss-88	25	29	,	,	PUNCT
esutjss-88	25	30	thereby	thereby	ADV
esutjss-88	25	31	solving	solve	VERB
esutjss-88	25	32	the	the	DET
esutjss-88	25	33	problems	problem	NOUN
esutjss-88	25	34	of	of	ADP
esutjss-88	25	35	inflation	inflation	NOUN
esutjss-88	25	36	,	,	PUNCT
esutjss-88	25	37	unemployment	unemployment	NOUN
esutjss-88	25	38	and	and	CCONJ
esutjss-88	25	39	balance	balance	NOUN
esutjss-88	25	40	of	of	ADP
esutjss-88	25	41	payments	payment	NOUN
esutjss-88	25	42	deficits	deficit	NOUN
esutjss-88	25	43	,	,	PUNCT
esutjss-88	25	44	poverty	poverty	NOUN
esutjss-88	25	45	,	,	PUNCT
esutjss-88	25	46	inequality	inequality	NOUN
esutjss-88	25	47	and	and	CCONJ
esutjss-88	25	48	making	make	VERB
esutjss-88	25	49	the	the	DET
esutjss-88	25	50	economy	economy	NOUN
esutjss-88	25	51	free	free	ADJ
esutjss-88	25	52	from	from	ADP
esutjss-88	25	53	the	the	DET
esutjss-88	25	54	burden	burden	NOUN
esutjss-88	25	55	of	of	ADP
esutjss-88	25	56	foreign	foreign	ADJ
esutjss-88	25	57	debt	debt	NOUN
esutjss-88	25	58	and	and	CCONJ
esutjss-88	25	59	better	well	ADJ
esutjss-88	25	60	welfare	welfare	NOUN
esutjss-88	25	61	of	of	ADP
esutjss-88	25	62	the	the	DET
esutjss-88	25	63	citizenry	citizenry	NOUN
esutjss-88	25	64	.	.	PUNCT
esutjss-88	26	1	the	the	DET
esutjss-88	26	2	monetary	monetary	ADJ
esutjss-88	26	3	sector	sector	NOUN
esutjss-88	26	4	includes	include	VERB
esutjss-88	26	5	the	the	DET
esutjss-88	26	6	central	central	ADJ
esutjss-88	26	7	banks	bank	NOUN
esutjss-88	26	8	and	and	CCONJ
esutjss-88	26	9	banking	bank	VERB
esutjss-88	26	10	financial	financial	ADJ
esutjss-88	26	11	institutions	institution	NOUN
esutjss-88	26	12	and	and	CCONJ
esutjss-88	26	13	units	unit	NOUN
esutjss-88	26	14	(	(	PUNCT
esutjss-88	26	15	monetary	monetary	ADJ
esutjss-88	26	16	agency	agency	NOUN
esutjss-88	26	17	)	)	PUNCT
esutjss-88	26	18	and	and	CCONJ
esutjss-88	26	19	certain	certain	ADJ
esutjss-88	26	20	operations	operation	NOUN
esutjss-88	26	21	that	that	PRON
esutjss-88	26	22	are	be	AUX
esutjss-88	26	23	usually	usually	ADV
esutjss-88	26	24	attributed	attribute	VERB
esutjss-88	26	25	to	to	ADP
esutjss-88	26	26	the	the	DET
esutjss-88	26	27	central	central	ADJ
esutjss-88	26	28	bank	bank	NOUN
esutjss-88	26	29	but	but	CCONJ
esutjss-88	26	30	in	in	ADP
esutjss-88	26	31	some	some	DET
esutjss-88	26	32	cases	case	NOUN
esutjss-88	26	33	,	,	PUNCT
esutjss-88	26	34	are	be	AUX
esutjss-88	26	35	carried	carry	VERB
esutjss-88	26	36	out	out	ADP
esutjss-88	26	37	by	by	ADP
esutjss-88	26	38	other	other	ADJ
esutjss-88	26	39	government	government	NOUN
esutjss-88	26	40	institutions	institution	NOUN
esutjss-88	26	41	(	(	PUNCT
esutjss-88	26	42	example	example	NOUN
esutjss-88	26	43	,	,	PUNCT
esutjss-88	26	44	commercial	commercial	ADJ
esutjss-88	26	45	/	/	SYM
esutjss-88	26	46	deposit	deposit	NOUN
esutjss-88	26	47	money	money	NOUN
esutjss-88	26	48	banks	bank	NOUN
esutjss-88	26	49	)	)	PUNCT
esutjss-88	26	50	.	.	PUNCT
esutjss-88	27	1	the	the	DET
esutjss-88	27	2	monetary	monetary	ADJ
esutjss-88	27	3	aggregates	aggregate	NOUN
esutjss-88	27	4	include	include	VERB
esutjss-88	27	5	the	the	DET
esutjss-88	27	6	totality	totality	NOUN
esutjss-88	27	7	of	of	ADP
esutjss-88	27	8	currency	currency	NOUN
esutjss-88	27	9	outside	outside	ADP
esutjss-88	27	10	the	the	DET
esutjss-88	27	11	banks	bank	NOUN
esutjss-88	27	12	.	.	PUNCT
esutjss-88	28	1	this	this	PRON
esutjss-88	28	2	includes	include	VERB
esutjss-88	28	3	narrow	narrow	ADJ
esutjss-88	28	4	money	money	NOUN
esutjss-88	28	5	(	(	PUNCT
esutjss-88	28	6	m1	m1	NOUN
esutjss-88	28	7	)	)	PUNCT
esutjss-88	28	8	and	and	CCONJ
esutjss-88	28	9	broad	broad	ADJ
esutjss-88	28	10	money	money	NOUN
esutjss-88	28	11	(	(	PUNCT
esutjss-88	28	12	m2	m2	NOUN
esutjss-88	28	13	)	)	PUNCT
esutjss-88	28	14	supplies	supply	NOUN
esutjss-88	28	15	.	.	PUNCT
esutjss-88	29	1	the	the	DET
esutjss-88	29	2	currency	currency	NOUN
esutjss-88	29	3	outside	outside	ADP
esutjss-88	29	4	the	the	DET
esutjss-88	29	5	central	central	ADJ
esutjss-88	29	6	banks	bank	NOUN
esutjss-88	29	7	includes	include	VERB
esutjss-88	29	8	cash	cash	NOUN
esutjss-88	29	9	issued	issue	VERB
esutjss-88	29	10	by	by	ADP
esutjss-88	29	11	the	the	DET
esutjss-88	29	12	central	central	ADJ
esutjss-88	29	13	bank	bank	NOUN
esutjss-88	29	14	for	for	ADP
esutjss-88	29	15	circulation	circulation	NOUN
esutjss-88	29	16	,	,	PUNCT
esutjss-88	29	17	but	but	CCONJ
esutjss-88	29	18	with	with	ADP
esutjss-88	29	19	the	the	DET
esutjss-88	29	20	exclusion	exclusion	NOUN
esutjss-88	29	21	of	of	ADP
esutjss-88	29	22	cash	cash	NOUN
esutjss-88	29	23	in	in	ADP
esutjss-88	29	24	the	the	DET
esutjss-88	29	25	vaults	vault	NOUN
esutjss-88	29	26	of	of	ADP
esutjss-88	29	27	deposit	deposit	NOUN
esutjss-88	29	28	money	money	NOUN
esutjss-88	29	29	banks	bank	NOUN
esutjss-88	29	30	(	(	PUNCT
esutjss-88	29	31	dbms).narrow	dbms).narrow	NOUN
esutjss-88	29	32	money	money	NOUN
esutjss-88	29	33	(	(	PUNCT
esutjss-88	29	34	m1	m1	NOUN
esutjss-88	29	35	)	)	PUNCT
esutjss-88	29	36	includes	include	VERB
esutjss-88	29	37	currency	currency	NOUN
esutjss-88	29	38	in	in	ADP
esutjss-88	29	39	circulation	circulation	NOUN
esutjss-88	29	40	plus	plus	CCONJ
esutjss-88	29	41	transferable	transferable	ADJ
esutjss-88	29	42	deposits	deposit	NOUN
esutjss-88	29	43	held	hold	VERB
esutjss-88	29	44	by	by	ADP
esutjss-88	29	45	all	all	DET
esutjss-88	29	46	deposit	deposit	NOUN
esutjss-88	29	47	money	money	NOUN
esutjss-88	29	48	banks	bank	NOUN
esutjss-88	29	49	.	.	PUNCT
esutjss-88	30	1	broad	broad	ADJ
esutjss-88	30	2	money	money	NOUN
esutjss-88	30	3	(	(	PUNCT
esutjss-88	30	4	m2)is	m2)is	NOUN
esutjss-88	30	5	the	the	DET
esutjss-88	30	6	combination	combination	NOUN
esutjss-88	30	7	of	of	ADP
esutjss-88	30	8	m1	m1	NOUN
esutjss-88	30	9	and	and	CCONJ
esutjss-88	30	10	deposits	deposit	NOUN
esutjss-88	30	11	(	(	PUNCT
esutjss-88	30	12	in	in	ADP
esutjss-88	30	13	national	national	ADJ
esutjss-88	30	14	currency	currency	NOUN
esutjss-88	30	15	)	)	PUNCT
esutjss-88	30	16	plus	plus	CCONJ
esutjss-88	30	17	money	money	NOUN
esutjss-88	30	18	market	market	NOUN
esutjss-88	30	19	instruments	instrument	NOUN
esutjss-88	30	20	.	.	PUNCT
esutjss-88	31	1	this	this	PRON
esutjss-88	31	2	may	may	AUX
esutjss-88	31	3	include	include	VERB
esutjss-88	31	4	time	time	NOUN
esutjss-88	31	5	deposits	deposit	NOUN
esutjss-88	31	6	of	of	ADP
esutjss-88	31	7	all	all	DET
esutjss-88	31	8	maturities	maturity	NOUN
esutjss-88	31	9	,	,	PUNCT
esutjss-88	31	10	or	or	CCONJ
esutjss-88	31	11	only	only	ADV
esutjss-88	31	12	those	those	DET
esutjss-88	31	13	deposits	deposit	NOUN
esutjss-88	31	14	with	with	ADP
esutjss-88	31	15	maturities	maturity	NOUN
esutjss-88	31	16	that	that	PRON
esutjss-88	31	17	do	do	AUX
esutjss-88	31	18	not	not	PART
esutjss-88	31	19	exceed	exceed	VERB
esutjss-88	31	20	a	a	DET
esutjss-88	31	21	specified	specified	ADJ
esutjss-88	31	22	maximum	maximum	ADJ
esutjss-88	31	23	term	term	NOUN
esutjss-88	31	24	.	.	PUNCT
esutjss-88	32	1	the	the	DET
esutjss-88	32	2	main	main	ADJ
esutjss-88	32	3	objective	objective	NOUN
esutjss-88	32	4	of	of	ADP
esutjss-88	32	5	monetary	monetary	ADJ
esutjss-88	32	6	reform	reform	NOUN
esutjss-88	32	7	as	as	SCONJ
esutjss-88	32	8	pointed	point	VERB
esutjss-88	32	9	out	out	ADP
esutjss-88	32	10	by	by	ADP
esutjss-88	32	11	the	the	DET
esutjss-88	32	12	monetary	monetary	ADJ
esutjss-88	32	13	authority	authority	NOUN
esutjss-88	32	14	of	of	ADP
esutjss-88	32	15	the	the	DET
esutjss-88	32	16	ecowas	ecowas	PROPN
esutjss-88	32	17	countries	country	NOUN
esutjss-88	32	18	include	include	VERB
esutjss-88	32	19	:	:	PUNCT
esutjss-88	32	20	removal	removal	NOUN
esutjss-88	32	21	of	of	ADP
esutjss-88	32	22	controls	control	NOUN
esutjss-88	32	23	on	on	ADP
esutjss-88	32	24	interest	interest	NOUN
esutjss-88	32	25	rate	rate	NOUN
esutjss-88	32	26	to	to	PART
esutjss-88	32	27	increase	increase	VERB
esutjss-88	32	28	the	the	DET
esutjss-88	32	29	level	level	NOUN
esutjss-88	32	30	of	of	ADP
esutjss-88	32	31	savings	saving	NOUN
esutjss-88	32	32	and	and	CCONJ
esutjss-88	32	33	improve	improve	VERB
esutjss-88	32	34	efficient	efficient	ADJ
esutjss-88	32	35	allocation	allocation	NOUN
esutjss-88	32	36	of	of	ADP
esutjss-88	32	37	domestic	domestic	ADJ
esutjss-88	32	38	credit	credit	NOUN
esutjss-88	32	39	in	in	ADP
esutjss-88	32	40	the	the	DET
esutjss-88	32	41	economy	economy	NOUN
esutjss-88	32	42	;	;	PUNCT
esutjss-88	32	43	elimination	elimination	NOUN
esutjss-88	32	44	of	of	ADP
esutjss-88	32	45	non	non	ADJ
esutjss-88	32	46	-	-	ADJ
esutjss-88	32	47	price	price	ADJ
esutjss-88	32	48	rationing	rationing	NOUN
esutjss-88	32	49	of	of	ADP
esutjss-88	32	50	credit	credit	NOUN
esutjss-88	32	51	to	to	PART
esutjss-88	32	52	reduce	reduce	VERB
esutjss-88	32	53	misdirected	misdirected	ADJ
esutjss-88	32	54	credit	credit	NOUN
esutjss-88	32	55	and	and	CCONJ
esutjss-88	32	56	increase	increase	VERB
esutjss-88	32	57	competition	competition	NOUN
esutjss-88	32	58	;	;	PUNCT
esutjss-88	32	59	adoption	adoption	NOUN
esutjss-88	32	60	of	of	ADP
esutjss-88	32	61	indirect	indirect	ADJ
esutjss-88	32	62	monetary	monetary	ADJ
esutjss-88	32	63	management	management	NOUN
esutjss-88	32	64	in	in	ADP
esutjss-88	32	65	place	place	NOUN
esutjss-88	32	66	of	of	ADP
esutjss-88	32	67	the	the	DET
esutjss-88	32	68	imposition	imposition	NOUN
esutjss-88	32	69	of	of	ADP
esutjss-88	32	70	credit	credit	NOUN
esutjss-88	32	71	ceiling	ceiling	NOUN
esutjss-88	32	72	on	on	ADP
esutjss-88	32	73	individual	individual	ADJ
esutjss-88	32	74	banks	bank	NOUN
esutjss-88	32	75	;	;	PUNCT
esutjss-88	32	76	enhancement	enhancement	NOUN
esutjss-88	32	77	of	of	ADP
esutjss-88	32	78	institutional	institutional	ADJ
esutjss-88	32	79	structure	structure	NOUN
esutjss-88	32	80	and	and	CCONJ
esutjss-88	32	81	supervision	supervision	NOUN
esutjss-88	32	82	,	,	PUNCT
esutjss-88	32	83	strengthening	strengthen	VERB
esutjss-88	32	84	the	the	DET
esutjss-88	32	85	money	money	NOUN
esutjss-88	32	86	market	market	NOUN
esutjss-88	32	87	through	through	ADP
esutjss-88	32	88	policy	policy	NOUN
esutjss-88	32	89	changes	change	NOUN
esutjss-88	32	90	and	and	CCONJ
esutjss-88	32	91	distress	distress	NOUN
esutjss-88	32	92	resolution	resolution	NOUN
esutjss-88	32	93	measures	measure	NOUN
esutjss-88	32	94	and	and	CCONJ
esutjss-88	32	95	improving	improve	VERB
esutjss-88	32	96	the	the	DET
esutjss-88	32	97	linkage	linkage	NOUN
esutjss-88	32	98	between	between	ADP
esutjss-88	32	99	formal	formal	ADJ
esutjss-88	32	100	and	and	CCONJ
esutjss-88	32	101	informal	informal	ADJ
esutjss-88	32	102	sectors(cbn	sectors(cbn	NOUN
esutjss-88	32	103	,	,	PUNCT
esutjss-88	32	104	2007).thus	2007).thus	NUM
esutjss-88	32	105	,	,	PUNCT
esutjss-88	32	106	the	the	DET
esutjss-88	32	107	idea	idea	NOUN
esutjss-88	32	108	behind	behind	ADP
esutjss-88	32	109	monetary	monetary	ADJ
esutjss-88	32	110	sector	sector	NOUN
esutjss-88	32	111	liberalization	liberalization	NOUN
esutjss-88	32	112	is	be	AUX
esutjss-88	32	113	summarized	summarize	VERB
esutjss-88	32	114	in	in	ADP
esutjss-88	32	115	two	two	NUM
esutjss-88	32	116	folds	fold	NOUN
esutjss-88	32	117	:	:	PUNCT
esutjss-88	32	118	first	first	ADV
esutjss-88	32	119	,	,	PUNCT
esutjss-88	32	120	to	to	ADP
esutjss-88	32	121	quantity	quantity	NOUN
esutjss-88	32	122	effects	effect	NOUN
esutjss-88	32	123	through	through	ADP
esutjss-88	32	124	generating	generate	VERB
esutjss-88	32	125	higher	high	ADJ
esutjss-88	32	126	saving	saving	NOUN
esutjss-88	32	127	and	and	CCONJ
esutjss-88	32	128	investment	investment	NOUN
esutjss-88	32	129	in	in	ADP
esutjss-88	32	130	the	the	DET
esutjss-88	32	131	economy	economy	NOUN
esutjss-88	32	132	,	,	PUNCT
esutjss-88	32	133	and	and	CCONJ
esutjss-88	32	134	second	second	ADJ
esutjss-88	32	135	,	,	PUNCT
esutjss-88	32	136	to	to	ADP
esutjss-88	32	137	quality	quality	NOUN
esutjss-88	32	138	effects	effect	NOUN
esutjss-88	32	139	by	by	ADP
esutjss-88	32	140	efficiently	efficiently	ADV
esutjss-88	32	141	allocating	allocate	VERB
esutjss-88	32	142	capital	capital	NOUN
esutjss-88	32	143	to	to	ADP
esutjss-88	32	144	profitable	profitable	ADJ
esutjss-88	32	145	investment	investment	NOUN
esutjss-88	32	146	(	(	PUNCT
esutjss-88	32	147	ahmad	ahmad	PROPN
esutjss-88	32	148	&	&	CCONJ
esutjss-88	32	149	premaratna	premaratna	PROPN
esutjss-88	32	150	,	,	PUNCT
esutjss-88	32	151	2020	2020	NUM
esutjss-88	32	152	)	)	PUNCT
esutjss-88	32	153	.	.	PUNCT
esutjss-88	33	1	monetary	monetary	ADJ
esutjss-88	33	2	sector	sector	NOUN
esutjss-88	33	3	liberalization	liberalization	NOUN
esutjss-88	33	4	serves	serve	VERB
esutjss-88	33	5	as	as	ADP
esutjss-88	33	6	a	a	DET
esutjss-88	33	7	panacea	panacea	NOUN
esutjss-88	33	8	to	to	PART
esutjss-88	33	9	money	money	NOUN
esutjss-88	33	10	market	market	NOUN
esutjss-88	33	11	constraints	constraint	NOUN
esutjss-88	33	12	in	in	ADP
esutjss-88	33	13	a	a	DET
esutjss-88	33	14	financially	financially	ADV
esutjss-88	33	15	repressed	repressed	ADJ
esutjss-88	33	16	economy	economy	NOUN
esutjss-88	33	17	and	and	CCONJ
esutjss-88	33	18	under	under	ADP
esutjss-88	33	19	the	the	DET
esutjss-88	33	20	financial	financial	ADJ
esutjss-88	33	21	repression	repression	NOUN
esutjss-88	33	22	region	region	NOUN
esutjss-88	33	23	.	.	PUNCT
esutjss-88	34	1	monetary	monetary	ADJ
esutjss-88	34	2	sector	sector	NOUN
esutjss-88	34	3	financial	financial	ADJ
esutjss-88	34	4	liberalization	liberalization	NOUN
esutjss-88	34	5	promotes	promote	VERB
esutjss-88	34	6	the	the	DET
esutjss-88	34	7	attraction	attraction	NOUN
esutjss-88	34	8	of	of	ADP
esutjss-88	34	9	foreign	foreign	ADJ
esutjss-88	34	10	investment	investment	NOUN
esutjss-88	34	11	,	,	PUNCT
esutjss-88	34	12	availability	availability	NOUN
esutjss-88	34	13	of	of	ADP
esutjss-88	34	14	credit	credit	NOUN
esutjss-88	34	15	facilities	facility	NOUN
esutjss-88	34	16	to	to	ADP
esutjss-88	34	17	the	the	DET
esutjss-88	34	18	investors	investor	NOUN
esutjss-88	34	19	and	and	CCONJ
esutjss-88	34	20	allocation	allocation	NOUN
esutjss-88	34	21	of	of	ADP
esutjss-88	34	22	capital	capital	NOUN
esutjss-88	34	23	towards	towards	ADP
esutjss-88	34	24	the	the	DET
esutjss-88	34	25	most	most	ADV
esutjss-88	34	26	productive	productive	ADJ
esutjss-88	34	27	projects	project	NOUN
esutjss-88	34	28	,	,	PUNCT
esutjss-88	34	29	and	and	CCONJ
esutjss-88	34	30	it	it	PRON
esutjss-88	34	31	also	also	ADV
esutjss-88	34	32	facilitates	facilitate	VERB
esutjss-88	34	33	financial	financial	ADJ
esutjss-88	34	34	development	development	NOUN
esutjss-88	34	35	which	which	PRON
esutjss-88	34	36	in	in	ADP
esutjss-88	34	37	turn	turn	NOUN
esutjss-88	34	38	could	could	AUX
esutjss-88	34	39	positively	positively	ADV
esutjss-88	34	40	affect	affect	VERB
esutjss-88	34	41	productivity	productivity	NOUN
esutjss-88	34	42	in	in	ADP
esutjss-88	34	43	the	the	DET
esutjss-88	34	44	economy	economy	NOUN
esutjss-88	34	45	(	(	PUNCT
esutjss-88	34	46	ikeora	ikeora	PROPN
esutjss-88	34	47	,	,	PUNCT
esutjss-88	34	48	igbadika	igbadika	PROPN
esutjss-88	34	49	&	&	CCONJ
esutjss-88	34	50	jessie	jessie	PROPN
esutjss-88	34	51	,	,	PUNCT
esutjss-88	34	52	2016).since	2016).since	NUM
esutjss-88	34	53	the	the	DET
esutjss-88	34	54	focus	focus	NOUN
esutjss-88	34	55	of	of	ADP
esutjss-88	34	56	the	the	DET
esutjss-88	34	57	study	study	NOUN
esutjss-88	34	58	is	be	AUX
esutjss-88	34	59	on	on	ADP
esutjss-88	34	60	monetary	monetary	ADJ
esutjss-88	34	61	sector	sector	NOUN
esutjss-88	34	62	financial	financial	ADJ
esutjss-88	34	63	liberalization	liberalization	NOUN
esutjss-88	34	64	,	,	PUNCT
esutjss-88	34	65	unlike	unlike	ADP
esutjss-88	34	66	the	the	DET
esutjss-88	34	67	entire	entire	ADJ
esutjss-88	34	68	financial	financial	ADJ
esutjss-88	34	69	system	system	NOUN
esutjss-88	34	70	liberalization	liberalization	NOUN
esutjss-88	34	71	with	with	ADP
esutjss-88	34	72	multifaceted	multifaceted	ADJ
esutjss-88	34	73	characteristics	characteristic	NOUN
esutjss-88	34	74	,	,	PUNCT
esutjss-88	34	75	and	and	CCONJ
esutjss-88	34	76	to	to	PART
esutjss-88	34	77	avoid	avoid	VERB
esutjss-88	34	78	the	the	DET
esutjss-88	34	79	problems	problem	NOUN
esutjss-88	34	80	of	of	ADP
esutjss-88	34	81	data	datum	NOUN
esutjss-88	34	82	measurement	measurement	NOUN
esutjss-88	34	83	,	,	PUNCT
esutjss-88	34	84	our	our	PRON
esutjss-88	34	85	measures	measure	NOUN
esutjss-88	34	86	of	of	ADP
esutjss-88	34	87	monetary	monetary	ADJ
esutjss-88	34	88	sector	sector	NOUN
esutjss-88	34	89	financial	financial	ADJ
esutjss-88	34	90	liberalization	liberalization	NOUN
esutjss-88	34	91	includes	include	VERB
esutjss-88	34	92	:	:	PUNCT
esutjss-88	34	93	domestic	domestic	ADJ
esutjss-88	34	94	credit	credit	NOUN
esutjss-88	34	95	provided	provide	VERB
esutjss-88	34	96	by	by	ADP
esutjss-88	34	97	the	the	DET
esutjss-88	34	98	financial	financial	ADJ
esutjss-88	34	99	sector	sector	NOUN
esutjss-88	34	100	in	in	ADP
esutjss-88	34	101	percentage	percentage	NOUN
esutjss-88	34	102	of	of	ADP
esutjss-88	34	103	gdp	gdp	NOUN
esutjss-88	34	104	,	,	PUNCT
esutjss-88	34	105	interest	interest	NOUN
esutjss-88	34	106	rate	rate	NOUN
esutjss-88	34	107	spread	spread	NOUN
esutjss-88	34	108	,	,	PUNCT
esutjss-88	34	109	which	which	PRON
esutjss-88	34	110	is	be	AUX
esutjss-88	34	111	the	the	DET
esutjss-88	34	112	different	different	ADJ
esutjss-88	34	113	between	between	ADP
esutjss-88	34	114	the	the	DET
esutjss-88	34	115	lending	lending	NOUN
esutjss-88	34	116	rate	rate	NOUN
esutjss-88	34	117	and	and	CCONJ
esutjss-88	34	118	deposit	deposit	NOUN
esutjss-88	34	119	rate	rate	NOUN
esutjss-88	34	120	and	and	CCONJ
esutjss-88	34	121	a	a	DET
esutjss-88	34	122	constructed	construct	VERB
esutjss-88	34	123	financial	financial	ADJ
esutjss-88	34	124	liberalization	liberalization	NOUN
esutjss-88	34	125	dummy	dummy	NOUN
esutjss-88	34	126	,	,	PUNCT
esutjss-88	34	127	to	to	PART
esutjss-88	34	128	account	account	VERB
esutjss-88	34	129	for	for	ADP
esutjss-88	34	130	the	the	DET
esutjss-88	34	131	various	various	ADJ
esutjss-88	34	132	monetary	monetary	ADJ
esutjss-88	34	133	sector	sector	NOUN
esutjss-88	34	134	financial	financial	ADJ
esutjss-88	34	135	liberalization	liberalization	NOUN
esutjss-88	34	136	regimes	regime	NOUN
esutjss-88	34	137	in	in	ADP
esutjss-88	34	138	the	the	DET
esutjss-88	34	139	ecowas	ecowas	PROPN
esutjss-88	34	140	countries	country	NOUN
esutjss-88	34	141	.	.	PUNCT
esutjss-88	35	1	ecowas	ecowas	PROPN
esutjss-88	35	2	countries	country	NOUN
esutjss-88	35	3	researchers	researcher	NOUN
esutjss-88	35	4	such	such	ADJ
esutjss-88	35	5	as	as	ADP
esutjss-88	35	6	akpan	akpan	NOUN
esutjss-88	35	7	(	(	PUNCT
esutjss-88	35	8	2008	2008	NUM
esutjss-88	35	9	)	)	PUNCT
esutjss-88	35	10	and	and	CCONJ
esutjss-88	35	11	emenuga	emenuga	ADJ
esutjss-88	35	12	(	(	PUNCT
esutjss-88	35	13	2005	2005	NUM
esutjss-88	35	14	)	)	PUNCT
esutjss-88	35	15	in	in	ADP
esutjss-88	35	16	their	their	PRON
esutjss-88	35	17	separate	separate	ADJ
esutjss-88	35	18	studies	study	NOUN
esutjss-88	35	19	concluded	conclude	VERB
esutjss-88	35	20	that	that	SCONJ
esutjss-88	35	21	financial	financial	ADJ
esutjss-88	35	22	liberalization	liberalization	NOUN
esutjss-88	35	23	is	be	AUX
esutjss-88	35	24	critical	critical	ADJ
esutjss-88	35	25	to	to	ADP
esutjss-88	35	26	savings	saving	NOUN
esutjss-88	35	27	mobilization	mobilization	NOUN
esutjss-88	35	28	.	.	PUNCT
esutjss-88	36	1	udegbunam	udegbunam	PROPN
esutjss-88	36	2	(	(	PUNCT
esutjss-88	36	3	1995	1995	NUM
esutjss-88	36	4	)	)	PUNCT
esutjss-88	36	5	found	find	VERB
esutjss-88	36	6	out	out	ADP
esutjss-88	36	7	that	that	SCONJ
esutjss-88	36	8	financial	financial	ADJ
esutjss-88	36	9	liberalization	liberalization	NOUN
esutjss-88	36	10	has	have	AUX
esutjss-88	36	11	provided	provide	VERB
esutjss-88	36	12	great	great	ADJ
esutjss-88	36	13	incentives	incentive	NOUN
esutjss-88	36	14	for	for	ADP
esutjss-88	36	15	the	the	DET
esutjss-88	36	16	expansion	expansion	NOUN
esutjss-88	36	17	of	of	ADP
esutjss-88	36	18	banking	banking	NOUN
esutjss-88	36	19	institutions	institution	NOUN
esutjss-88	36	20	.	.	PUNCT
esutjss-88	37	1	similarly	similarly	ADV
esutjss-88	37	2	,	,	PUNCT
esutjss-88	37	3	bakare(2011	bakare(2011	PRON
esutjss-88	37	4	)	)	PUNCT
esutjss-88	37	5	found	find	VERB
esutjss-88	37	6	out	out	ADP
esutjss-88	37	7	that	that	SCONJ
esutjss-88	37	8	financial	financial	ADJ
esutjss-88	37	9	liberalization	liberalization	NOUN
esutjss-88	37	10	has	have	AUX
esutjss-88	37	11	impacted	impact	VERB
esutjss-88	37	12	negatively	negatively	ADV
esutjss-88	37	13	on	on	ADP
esutjss-88	37	14	domestic	domestic	ADJ
esutjss-88	37	15	saving	saving	NOUN
esutjss-88	37	16	in	in	ADP
esutjss-88	37	17	nigeria	nigeria	PROPN
esutjss-88	37	18	.	.	PUNCT
esutjss-88	38	1	other	other	ADJ
esutjss-88	38	2	related	related	ADJ
esutjss-88	38	3	studies	study	NOUN
esutjss-88	38	4	are	be	AUX
esutjss-88	38	5	bosede	bosede	ADJ
esutjss-88	38	6	(	(	PUNCT
esutjss-88	38	7	2013	2013	NUM
esutjss-88	38	8	)	)	PUNCT
esutjss-88	38	9	;	;	PUNCT
esutjss-88	38	10	265	265	NUM
esutjss-88	38	11	owusu	owusu	NOUN
esutjss-88	38	12	and	and	CCONJ
esutjss-88	38	13	odhiambo	odhiambo	ADJ
esutjss-88	38	14	(	(	PUNCT
esutjss-88	38	15	2016	2016	NUM
esutjss-88	38	16	)	)	PUNCT
esutjss-88	38	17	;	;	PUNCT
esutjss-88	38	18	adewuyi	adewuyi	PROPN
esutjss-88	38	19	,	,	PUNCT
esutjss-88	38	20	bankole	bankole	NOUN
esutjss-88	38	21	&	&	CCONJ
esutjss-88	38	22	damilola	damilola	PROPN
esutjss-88	38	23	(	(	PUNCT
esutjss-88	38	24	2010	2010	NUM
esutjss-88	38	25	)	)	PUNCT
esutjss-88	38	26	,	,	PUNCT
esutjss-88	38	27	abu	abu	PROPN
esutjss-88	38	28	,	,	PUNCT
esutjss-88	38	29	modh	modh	NOUN
esutjss-88	38	30	and	and	CCONJ
esutjss-88	38	31	mukhriz	mukhriz	NOUN
esutjss-88	38	32	(	(	PUNCT
esutjss-88	38	33	2013	2013	NUM
esutjss-88	38	34	)	)	PUNCT
esutjss-88	38	35	and	and	CCONJ
esutjss-88	38	36	adebanyo	adebanyo	PROPN
esutjss-88	38	37	,	,	PUNCT
esutjss-88	38	38	awonusi	awonusi	NOUN
esutjss-88	38	39	,	,	PUNCT
esutjss-88	38	40	ahmed	ahme	VERB
esutjss-88	38	41	,	,	PUNCT
esutjss-88	38	42	ewunaga	ewunaga	NOUN
esutjss-88	38	43	and	and	CCONJ
esutjss-88	38	44	yemisi	yemisi	NOUN
esutjss-88	38	45	(	(	PUNCT
esutjss-88	38	46	2017	2017	NUM
esutjss-88	38	47	)	)	PUNCT
esutjss-88	38	48	.	.	PUNCT
esutjss-88	39	1	however	however	ADV
esutjss-88	39	2	,	,	PUNCT
esutjss-88	39	3	there	there	PRON
esutjss-88	39	4	is	be	VERB
esutjss-88	39	5	no	no	DET
esutjss-88	39	6	unanimous	unanimous	ADJ
esutjss-88	39	7	agreement	agreement	NOUN
esutjss-88	39	8	on	on	ADP
esutjss-88	39	9	the	the	DET
esutjss-88	39	10	nature	nature	NOUN
esutjss-88	39	11	of	of	ADP
esutjss-88	39	12	financial	financial	ADJ
esutjss-88	39	13	liberalization	liberalization	NOUN
esutjss-88	39	14	effects	effect	NOUN
esutjss-88	39	15	on	on	ADP
esutjss-88	39	16	domestic	domestic	ADJ
esutjss-88	39	17	saving	saving	NOUN
esutjss-88	39	18	from	from	ADP
esutjss-88	39	19	these	these	DET
esutjss-88	39	20	studies	study	NOUN
esutjss-88	39	21	and	and	CCONJ
esutjss-88	39	22	papers	paper	NOUN
esutjss-88	39	23	.	.	PUNCT
esutjss-88	40	1	the	the	DET
esutjss-88	40	2	relationship	relationship	NOUN
esutjss-88	40	3	between	between	ADP
esutjss-88	40	4	financial	financial	ADJ
esutjss-88	40	5	liberalization	liberalization	NOUN
esutjss-88	40	6	and	and	CCONJ
esutjss-88	40	7	domestic	domestic	ADJ
esutjss-88	40	8	saving	saving	NOUN
esutjss-88	40	9	is	be	AUX
esutjss-88	40	10	complex	complex	ADJ
esutjss-88	40	11	not	not	PART
esutjss-88	40	12	only	only	ADV
esutjss-88	40	13	because	because	SCONJ
esutjss-88	40	14	there	there	PRON
esutjss-88	40	15	are	be	VERB
esutjss-88	40	16	short	short	ADJ
esutjss-88	40	17	and	and	CCONJ
esutjss-88	40	18	long	long	ADV
esutjss-88	40	19	-	-	PUNCT
esutjss-88	40	20	run	run	VERB
esutjss-88	40	21	effects	effect	NOUN
esutjss-88	40	22	involved	involve	VERB
esutjss-88	40	23	but	but	CCONJ
esutjss-88	40	24	because	because	SCONJ
esutjss-88	40	25	financial	financial	ADJ
esutjss-88	40	26	liberalization	liberalization	NOUN
esutjss-88	40	27	is	be	AUX
esutjss-88	40	28	a	a	DET
esutjss-88	40	29	process	process	NOUN
esutjss-88	40	30	with	with	ADP
esutjss-88	40	31	many	many	ADJ
esutjss-88	40	32	dimensions	dimension	NOUN
esutjss-88	40	33	.	.	PUNCT
esutjss-88	41	1	these	these	DET
esutjss-88	41	2	studies	study	NOUN
esutjss-88	41	3	were	be	AUX
esutjss-88	41	4	deficient	deficient	ADJ
esutjss-88	41	5	on	on	ADP
esutjss-88	41	6	the	the	DET
esutjss-88	41	7	measurement	measurement	NOUN
esutjss-88	41	8	of	of	ADP
esutjss-88	41	9	financial	financial	ADJ
esutjss-88	41	10	liberalization	liberalization	NOUN
esutjss-88	41	11	.	.	PUNCT
esutjss-88	42	1	again	again	ADV
esutjss-88	42	2	,	,	PUNCT
esutjss-88	42	3	existing	exist	VERB
esutjss-88	42	4	empirical	empirical	ADJ
esutjss-88	42	5	studies	study	NOUN
esutjss-88	42	6	focusing	focus	VERB
esutjss-88	42	7	on	on	ADP
esutjss-88	42	8	the	the	DET
esutjss-88	42	9	effect	effect	NOUN
esutjss-88	42	10	of	of	ADP
esutjss-88	42	11	financial	financial	ADJ
esutjss-88	42	12	liberalization	liberalization	NOUN
esutjss-88	42	13	on	on	ADP
esutjss-88	42	14	saving	save	VERB
esutjss-88	42	15	in	in	ADP
esutjss-88	42	16	sub	sub	ADJ
esutjss-88	42	17	-	-	ADJ
esutjss-88	42	18	saharan	saharan	ADJ
esutjss-88	42	19	africa	africa	PROPN
esutjss-88	42	20	(	(	PUNCT
esutjss-88	42	21	ssa	ssa	PROPN
esutjss-88	42	22	)	)	PUNCT
esutjss-88	42	23	have	have	AUX
esutjss-88	42	24	employed	employ	VERB
esutjss-88	42	25	the	the	DET
esutjss-88	42	26	real	real	ADJ
esutjss-88	42	27	rate	rate	NOUN
esutjss-88	42	28	of	of	ADP
esutjss-88	42	29	interest	interest	NOUN
esutjss-88	42	30	(	(	PUNCT
esutjss-88	42	31	oshikoya	oshikoya	PROPN
esutjss-88	42	32	,	,	PUNCT
esutjss-88	42	33	1992	1992	NUM
esutjss-88	42	34	;	;	PUNCT
esutjss-88	42	35	seck	seck	PROPN
esutjss-88	42	36	&	&	CCONJ
esutjss-88	42	37	el	el	PROPN
esutjss-88	42	38	nil	nil	PROPN
esutjss-88	42	39	,	,	PUNCT
esutjss-88	42	40	1993	1993	NUM
esutjss-88	42	41	;	;	PUNCT
esutjss-88	42	42	azam	azam	PROPN
esutjss-88	42	43	,	,	PUNCT
esutjss-88	42	44	1996	1996	NUM
esutjss-88	42	45	;	;	PUNCT
esutjss-88	42	46	matsheka	matsheka	NOUN
esutjss-88	42	47	,	,	PUNCT
esutjss-88	42	48	1998	1998	NUM
esutjss-88	42	49	)	)	PUNCT
esutjss-88	42	50	,	,	PUNCT
esutjss-88	42	51	and	and	CCONJ
esutjss-88	42	52	measures	measure	NOUN
esutjss-88	42	53	of	of	ADP
esutjss-88	42	54	financial	financial	ADJ
esutjss-88	42	55	deepening	deepen	VERB
esutjss-88	42	56	such	such	ADJ
esutjss-88	42	57	as	as	ADP
esutjss-88	42	58	the	the	DET
esutjss-88	42	59	broad	broad	ADJ
esutjss-88	42	60	money	money	NOUN
esutjss-88	42	61	ratio	ratio	NOUN
esutjss-88	42	62	(	(	PUNCT
esutjss-88	42	63	mwega	mwega	NOUN
esutjss-88	42	64	,	,	PUNCT
esutjss-88	42	65	1997	1997	NUM
esutjss-88	42	66	;	;	PUNCT
esutjss-88	42	67	elbadawi	elbadawi	PROPN
esutjss-88	42	68	&	&	CCONJ
esutjss-88	42	69	mwega	mwega	PROPN
esutjss-88	42	70	,	,	PUNCT
esutjss-88	42	71	2002	2002	NUM
esutjss-88	42	72	)	)	PUNCT
esutjss-88	42	73	and	and	CCONJ
esutjss-88	42	74	the	the	DET
esutjss-88	42	75	ratio	ratio	NOUN
esutjss-88	42	76	of	of	ADP
esutjss-88	42	77	bank	bank	NOUN
esutjss-88	42	78	credit	credit	NOUN
esutjss-88	42	79	(	(	PUNCT
esutjss-88	42	80	elbadawi	elbadawi	ADJ
esutjss-88	42	81	&	&	CCONJ
esutjss-88	42	82	mwega	mwega	PROPN
esutjss-88	42	83	,	,	PUNCT
esutjss-88	42	84	2000	2000	NUM
esutjss-88	42	85	;	;	PUNCT
esutjss-88	42	86	kelly	kelly	PROPN
esutjss-88	42	87	&	&	CCONJ
esutjss-88	42	88	mavrotas	mavrotas	PROPN
esutjss-88	42	89	,	,	PUNCT
esutjss-88	42	90	2002	2002	NUM
esutjss-88	42	91	)	)	PUNCT
esutjss-88	42	92	as	as	ADP
esutjss-88	42	93	proxies	proxy	NOUN
esutjss-88	42	94	for	for	ADP
esutjss-88	42	95	financial	financial	ADJ
esutjss-88	42	96	liberalization	liberalization	NOUN
esutjss-88	42	97	.	.	PUNCT
esutjss-88	43	1	however	however	ADV
esutjss-88	43	2	,	,	PUNCT
esutjss-88	43	3	such	such	ADJ
esutjss-88	43	4	variables	variable	NOUN
esutjss-88	43	5	are	be	AUX
esutjss-88	43	6	inadequate	inadequate	ADJ
esutjss-88	43	7	measures	measure	NOUN
esutjss-88	43	8	of	of	ADP
esutjss-88	43	9	financial	financial	ADJ
esutjss-88	43	10	liberalization	liberalization	NOUN
esutjss-88	43	11	because	because	SCONJ
esutjss-88	43	12	they	they	PRON
esutjss-88	43	13	fail	fail	VERB
esutjss-88	43	14	to	to	PART
esutjss-88	43	15	explicitly	explicitly	ADV
esutjss-88	43	16	account	account	VERB
esutjss-88	43	17	for	for	ADP
esutjss-88	43	18	different	different	ADJ
esutjss-88	43	19	liberalization	liberalization	NOUN
esutjss-88	43	20	measures	measure	NOUN
esutjss-88	43	21	.	.	PUNCT
esutjss-88	44	1	as	as	ADP
esutjss-88	44	2	a	a	DET
esutjss-88	44	3	result	result	NOUN
esutjss-88	44	4	,	,	PUNCT
esutjss-88	44	5	the	the	DET
esutjss-88	44	6	study	study	NOUN
esutjss-88	44	7	attempts	attempt	VERB
esutjss-88	44	8	to	to	PART
esutjss-88	44	9	contribute	contribute	VERB
esutjss-88	44	10	to	to	ADP
esutjss-88	44	11	the	the	DET
esutjss-88	44	12	literature	literature	NOUN
esutjss-88	44	13	on	on	ADP
esutjss-88	44	14	the	the	DET
esutjss-88	44	15	effects	effect	NOUN
esutjss-88	44	16	of	of	ADP
esutjss-88	44	17	monetary	monetary	ADJ
esutjss-88	44	18	sector	sector	NOUN
esutjss-88	44	19	financial	financial	ADJ
esutjss-88	44	20	liberalization	liberalization	NOUN
esutjss-88	44	21	on	on	ADP
esutjss-88	44	22	domestic	domestic	ADJ
esutjss-88	44	23	saving	saving	NOUN
esutjss-88	44	24	in	in	ADP
esutjss-88	44	25	the	the	DET
esutjss-88	44	26	ecowas	ecowas	PROPN
esutjss-88	44	27	countries	country	NOUN
esutjss-88	44	28	of	of	ADP
esutjss-88	44	29	benin	benin	PROPN
esutjss-88	44	30	,	,	PUNCT
esutjss-88	44	31	ghana	ghana	PROPN
esutjss-88	44	32	,	,	PUNCT
esutjss-88	44	33	cote	cote	PROPN
esutjss-88	44	34	d’ivoire	d’ivoire	PROPN
esutjss-88	44	35	,	,	PUNCT
esutjss-88	44	36	liberia	liberia	PROPN
esutjss-88	44	37	and	and	CCONJ
esutjss-88	44	38	nigeria	nigeria	PROPN
esutjss-88	44	39	,	,	PUNCT
esutjss-88	44	40	relying	rely	VERB
esutjss-88	44	41	on	on	ADP
esutjss-88	44	42	monetary	monetary	ADJ
esutjss-88	44	43	sector	sector	NOUN
esutjss-88	44	44	variables	variable	NOUN
esutjss-88	44	45	only	only	ADV
esutjss-88	44	46	other	other	ADJ
esutjss-88	44	47	than	than	ADP
esutjss-88	44	48	measuring	measure	VERB
esutjss-88	44	49	financial	financial	ADJ
esutjss-88	44	50	liberalization	liberalization	NOUN
esutjss-88	44	51	with	with	ADP
esutjss-88	44	52	either	either	CCONJ
esutjss-88	44	53	a	a	DET
esutjss-88	44	54	variable	variable	NOUN
esutjss-88	44	55	of	of	ADP
esutjss-88	44	56	the	the	DET
esutjss-88	44	57	money	money	NOUN
esutjss-88	44	58	market	market	NOUN
esutjss-88	44	59	or	or	CCONJ
esutjss-88	44	60	capital	capital	NOUN
esutjss-88	44	61	market	market	NOUN
esutjss-88	44	62	.	.	PUNCT
esutjss-88	45	1	such	such	ADJ
esutjss-88	45	2	measurements	measurement	NOUN
esutjss-88	45	3	lead	lead	VERB
esutjss-88	45	4	to	to	ADP
esutjss-88	45	5	estimation	estimation	NOUN
esutjss-88	45	6	bias	bias	NOUN
esutjss-88	45	7	.	.	PUNCT
esutjss-88	46	1	the	the	DET
esutjss-88	46	2	study	study	NOUN
esutjss-88	46	3	employed	employ	VERB
esutjss-88	46	4	the	the	DET
esutjss-88	46	5	panel	panel	NOUN
esutjss-88	46	6	vector	vector	NOUN
esutjss-88	46	7	autoregressive	autoregressive	ADJ
esutjss-88	46	8	approach	approach	NOUN
esutjss-88	46	9	(	(	PUNCT
esutjss-88	46	10	pvar	pvar	NOUN
esutjss-88	46	11	)	)	PUNCT
esutjss-88	46	12	to	to	PART
esutjss-88	46	13	investigate	investigate	VERB
esutjss-88	46	14	the	the	DET
esutjss-88	46	15	effects	effect	NOUN
esutjss-88	46	16	of	of	ADP
esutjss-88	46	17	monetary	monetary	ADJ
esutjss-88	46	18	sector	sector	NOUN
esutjss-88	46	19	financial	financial	ADJ
esutjss-88	46	20	liberalization	liberalization	NOUN
esutjss-88	46	21	on	on	ADP
esutjss-88	46	22	domestic	domestic	ADJ
esutjss-88	46	23	saving	saving	NOUN
esutjss-88	46	24	in	in	ADP
esutjss-88	46	25	ecowas	ecowas	PROPN
esutjss-88	46	26	countries	country	NOUN
esutjss-88	46	27	from	from	ADP
esutjss-88	46	28	the	the	DET
esutjss-88	46	29	period	period	NOUN
esutjss-88	46	30	1981	1981	NUM
esutjss-88	46	31	to	to	ADP
esutjss-88	46	32	2019	2019	NUM
esutjss-88	46	33	.	.	PUNCT
esutjss-88	47	1	the	the	DET
esutjss-88	47	2	research	research	NOUN
esutjss-88	47	3	questions	question	NOUN
esutjss-88	47	4	that	that	PRON
esutjss-88	47	5	formed	form	VERB
esutjss-88	47	6	the	the	DET
esutjss-88	47	7	focus	focus	NOUN
esutjss-88	47	8	of	of	ADP
esutjss-88	47	9	discussion	discussion	NOUN
esutjss-88	47	10	in	in	ADP
esutjss-88	47	11	the	the	DET
esutjss-88	47	12	paper	paper	NOUN
esutjss-88	47	13	is	be	AUX
esutjss-88	47	14	as	as	ADV
esutjss-88	47	15	follow	follow	VERB
esutjss-88	47	16	:	:	PUNCT
esutjss-88	47	17			NOUN
esutjss-88	47	18	what	what	PRON
esutjss-88	47	19	is	be	AUX
esutjss-88	47	20	the	the	DET
esutjss-88	47	21	effect	effect	NOUN
esutjss-88	47	22	of	of	ADP
esutjss-88	47	23	monetary	monetary	ADJ
esutjss-88	47	24	sector	sector	NOUN
esutjss-88	47	25	financial	financial	ADJ
esutjss-88	47	26	liberalization	liberalization	NOUN
esutjss-88	47	27	on	on	ADP
esutjss-88	47	28	domestic	domestic	ADJ
esutjss-88	47	29	saving	save	VERB
esutjss-88	47	30	ecowas	ecowas	PROPN
esutjss-88	47	31	countries	country	NOUN
esutjss-88	47	32	?	?	PUNCT
esutjss-88	48	1			PRON
esutjss-88	48	2	what	what	PRON
esutjss-88	48	3	is	be	AUX
esutjss-88	48	4	the	the	DET
esutjss-88	48	5	effect	effect	NOUN
esutjss-88	48	6	of	of	ADP
esutjss-88	48	7	economic	economic	ADJ
esutjss-88	48	8	growth	growth	NOUN
esutjss-88	48	9	on	on	ADP
esutjss-88	48	10	domestic	domestic	ADJ
esutjss-88	48	11	saving	saving	NOUN
esutjss-88	48	12	in	in	ADP
esutjss-88	48	13	ecowas	ecowas	PROPN
esutjss-88	48	14	countries	country	NOUN
esutjss-88	48	15	?	?	PUNCT
esutjss-88	49	1			PRON
esutjss-88	49	2	what	what	PRON
esutjss-88	49	3	is	be	AUX
esutjss-88	49	4	the	the	DET
esutjss-88	49	5	effect	effect	NOUN
esutjss-88	49	6	of	of	ADP
esutjss-88	49	7	monetary	monetary	ADJ
esutjss-88	49	8	sector	sector	NOUN
esutjss-88	49	9	liberalization	liberalization	NOUN
esutjss-88	49	10	policy	policy	NOUN
esutjss-88	49	11	regimes	regime	NOUN
esutjss-88	49	12	/	/	SYM
esutjss-88	49	13	reforms	reform	NOUN
esutjss-88	49	14	on	on	ADP
esutjss-88	49	15	domestic	domestic	ADJ
esutjss-88	49	16	saving	saving	NOUN
esutjss-88	49	17	in	in	ADP
esutjss-88	49	18	the	the	DET
esutjss-88	49	19	ecowas	ecowas	PROPN
esutjss-88	49	20	countries	country	NOUN
esutjss-88	49	21	?	?	PUNCT
esutjss-88	50	1	the	the	DET
esutjss-88	50	2	overall	overall	ADJ
esutjss-88	50	3	objective	objective	NOUN
esutjss-88	50	4	of	of	ADP
esutjss-88	50	5	the	the	DET
esutjss-88	50	6	study	study	NOUN
esutjss-88	50	7	is	be	AUX
esutjss-88	50	8	to	to	PART
esutjss-88	50	9	examine	examine	VERB
esutjss-88	50	10	the	the	DET
esutjss-88	50	11	effect	effect	NOUN
esutjss-88	50	12	of	of	ADP
esutjss-88	50	13	monetary	monetary	ADJ
esutjss-88	50	14	sector	sector	NOUN
esutjss-88	50	15	financial	financial	ADJ
esutjss-88	50	16	liberalization	liberalization	NOUN
esutjss-88	50	17	on	on	ADP
esutjss-88	50	18	domestic	domestic	ADJ
esutjss-88	50	19	savings	saving	NOUN
esutjss-88	50	20	in	in	ADP
esutjss-88	50	21	benin	benin	PROPN
esutjss-88	50	22	,	,	PUNCT
esutjss-88	50	23	cote	cote	PROPN
esutjss-88	50	24	d’ivoire	d’ivoire	PROPN
esutjss-88	50	25	,	,	PUNCT
esutjss-88	50	26	ghana	ghana	PROPN
esutjss-88	50	27	,	,	PUNCT
esutjss-88	50	28	liberia	liberia	PROPN
esutjss-88	50	29	and	and	CCONJ
esutjss-88	50	30	nigeria	nigeria	PROPN
esutjss-88	50	31	.	.	PUNCT
esutjss-88	51	1	specifically	specifically	ADV
esutjss-88	51	2	,	,	PUNCT
esutjss-88	51	3	the	the	DET
esutjss-88	51	4	study	study	NOUN
esutjss-88	51	5	objectives	objective	NOUN
esutjss-88	51	6	are	be	AUX
esutjss-88	51	7	:	:	PUNCT
esutjss-88	51	8	to	to	PART
esutjss-88	51	9	determine	determine	VERB
esutjss-88	51	10	the	the	DET
esutjss-88	51	11	effects	effect	NOUN
esutjss-88	51	12	of	of	ADP
esutjss-88	51	13	domestic	domestic	ADJ
esutjss-88	51	14	credit	credit	NOUN
esutjss-88	51	15	provided	provide	VERB
esutjss-88	51	16	by	by	ADP
esutjss-88	51	17	the	the	DET
esutjss-88	51	18	financial	financial	ADJ
esutjss-88	51	19	sector	sector	NOUN
esutjss-88	51	20	(	(	PUNCT
esutjss-88	51	21	%	%	NOUN
esutjss-88	51	22	of	of	ADP
esutjss-88	51	23	gdp	gdp	NOUN
esutjss-88	51	24	)	)	PUNCT
esutjss-88	51	25	,	,	PUNCT
esutjss-88	51	26	interest	interest	NOUN
esutjss-88	51	27	rate	rate	NOUN
esutjss-88	51	28	spread	spread	VERB
esutjss-88	51	29	and	and	CCONJ
esutjss-88	51	30	broad	broad	ADJ
esutjss-88	51	31	money	money	NOUN
esutjss-88	51	32	supply	supply	NOUN
esutjss-88	51	33	on	on	ADP
esutjss-88	51	34	household	household	NOUN
esutjss-88	51	35	savings	saving	NOUN
esutjss-88	51	36	in	in	ADP
esutjss-88	51	37	benin	benin	PROPN
esutjss-88	51	38	,	,	PUNCT
esutjss-88	51	39	cote	cote	PROPN
esutjss-88	51	40	d’ivoire	d’ivoire	PROPN
esutjss-88	51	41	,	,	PUNCT
esutjss-88	51	42	ghana	ghana	PROPN
esutjss-88	51	43	,	,	PUNCT
esutjss-88	51	44	liberia	liberia	PROPN
esutjss-88	51	45	and	and	CCONJ
esutjss-88	51	46	nigeria	nigeria	PROPN
esutjss-88	51	47	;	;	PUNCT
esutjss-88	51	48	to	to	PART
esutjss-88	51	49	investigate	investigate	VERB
esutjss-88	51	50	the	the	DET
esutjss-88	51	51	effect	effect	NOUN
esutjss-88	51	52	of	of	ADP
esutjss-88	51	53	annual	annual	ADJ
esutjss-88	51	54	growth	growth	NOUN
esutjss-88	51	55	rate	rate	NOUN
esutjss-88	51	56	on	on	ADP
esutjss-88	51	57	household	household	NOUN
esutjss-88	51	58	savings	saving	NOUN
esutjss-88	51	59	in	in	ADP
esutjss-88	51	60	benin	benin	PROPN
esutjss-88	51	61	,	,	PUNCT
esutjss-88	51	62	cote	cote	PROPN
esutjss-88	51	63	d’ivoire	d’ivoire	PROPN
esutjss-88	51	64	,	,	PUNCT
esutjss-88	51	65	ghana	ghana	PROPN
esutjss-88	51	66	,	,	PUNCT
esutjss-88	51	67	liberia	liberia	PROPN
esutjss-88	51	68	and	and	CCONJ
esutjss-88	51	69	nigeria	nigeria	PROPN
esutjss-88	51	70	and	and	CCONJ
esutjss-88	51	71	;	;	PUNCT
esutjss-88	51	72	to	to	PART
esutjss-88	51	73	empirically	empirically	ADV
esutjss-88	51	74	evaluate	evaluate	VERB
esutjss-88	51	75	the	the	DET
esutjss-88	51	76	effect	effect	NOUN
esutjss-88	51	77	of	of	ADP
esutjss-88	51	78	monetary	monetary	ADJ
esutjss-88	51	79	sector	sector	NOUN
esutjss-88	51	80	financial	financial	ADJ
esutjss-88	51	81	liberalization	liberalization	NOUN
esutjss-88	51	82	policy	policy	NOUN
esutjss-88	51	83	regimes	regime	NOUN
esutjss-88	51	84	on	on	ADP
esutjss-88	51	85	household	household	NOUN
esutjss-88	51	86	saving	save	VERB
esutjss-88	51	87	in	in	ADP
esutjss-88	51	88	the	the	DET
esutjss-88	51	89	ecowas	ecowas	PROPN
esutjss-88	51	90	countries	country	NOUN
esutjss-88	51	91	of	of	ADP
esutjss-88	51	92	benin	benin	PROPN
esutjss-88	51	93	,	,	PUNCT
esutjss-88	51	94	ghana	ghana	PROPN
esutjss-88	51	95	,	,	PUNCT
esutjss-88	51	96	cote	cote	PROPN
esutjss-88	51	97	d’ivoire	d’ivoire	PROPN
esutjss-88	51	98	,	,	PUNCT
esutjss-88	51	99	liberia	liberia	PROPN
esutjss-88	51	100	and	and	CCONJ
esutjss-88	51	101	nigeria	nigeria	PROPN
esutjss-88	51	102	.	.	PUNCT
esutjss-88	52	1	theoretical	theoretical	ADJ
esutjss-88	52	2	framework	framework	NOUN
esutjss-88	52	3	,	,	PUNCT
esutjss-88	52	4	model	model	NOUN
esutjss-88	52	5	specification	specification	NOUN
esutjss-88	52	6	and	and	CCONJ
esutjss-88	52	7	data	datum	NOUN
esutjss-88	52	8	sources	source	NOUN
esutjss-88	52	9	theoretical	theoretical	ADJ
esutjss-88	52	10	framework	framework	NOUN
esutjss-88	52	11	the	the	DET
esutjss-88	52	12	life	life	NOUN
esutjss-88	52	13	cycle	cycle	NOUN
esutjss-88	52	14	hypothesis	hypothesis	NOUN
esutjss-88	52	15	(	(	PUNCT
esutjss-88	52	16	lch	lch	PROPN
esutjss-88	52	17	)	)	PUNCT
esutjss-88	52	18	and	and	CCONJ
esutjss-88	52	19	the	the	DET
esutjss-88	52	20	financial	financial	ADJ
esutjss-88	52	21	liberalization	liberalization	NOUN
esutjss-88	52	22	thesis	thesis	NOUN
esutjss-88	52	23	form	form	VERB
esutjss-88	52	24	the	the	DET
esutjss-88	52	25	theoretical	theoretical	ADJ
esutjss-88	52	26	frameworks	framework	NOUN
esutjss-88	52	27	of	of	ADP
esutjss-88	52	28	the	the	DET
esutjss-88	52	29	study	study	NOUN
esutjss-88	52	30	.	.	PUNCT
esutjss-88	53	1	the	the	DET
esutjss-88	53	2	lch	lch	PROPN
esutjss-88	53	3	was	be	AUX
esutjss-88	53	4	first	first	ADV
esutjss-88	53	5	theorized	theorize	VERB
esutjss-88	53	6	by	by	ADP
esutjss-88	53	7	modigliani	modigliani	PROPN
esutjss-88	53	8	and	and	CCONJ
esutjss-88	53	9	brumberg	brumberg	PROPN
esutjss-88	53	10	(	(	PUNCT
esutjss-88	53	11	1954	1954	NUM
esutjss-88	53	12	)	)	PUNCT
esutjss-88	53	13	to	to	PART
esutjss-88	53	14	establish	establish	VERB
esutjss-88	53	15	a	a	DET
esutjss-88	53	16	positive	positive	ADJ
esutjss-88	53	17	relationship	relationship	NOUN
esutjss-88	53	18	between	between	ADP
esutjss-88	53	19	the	the	DET
esutjss-88	53	20	saving	save	VERB
esutjss-88	53	21	ratio	ratio	NOUN
esutjss-88	53	22	and	and	CCONJ
esutjss-88	53	23	output	output	NOUN
esutjss-88	53	24	growth	growth	NOUN
esutjss-88	53	25	.	.	PUNCT
esutjss-88	54	1	within	within	ADP
esutjss-88	54	2	the	the	DET
esutjss-88	54	3	theory	theory	NOUN
esutjss-88	54	4	of	of	ADP
esutjss-88	54	5	lch	lch	PROPN
esutjss-88	54	6	,	,	PUNCT
esutjss-88	54	7	the	the	DET
esutjss-88	54	8	individual	individual	ADJ
esutjss-88	54	9	objective	objective	NOUN
esutjss-88	54	10	is	be	AUX
esutjss-88	54	11	to	to	PART
esutjss-88	54	12	enhance	enhance	VERB
esutjss-88	54	13	consumption	consumption	NOUN
esutjss-88	54	14	over	over	ADP
esutjss-88	54	15	the	the	DET
esutjss-88	54	16	life	life	NOUN
esutjss-88	54	17	time	time	NOUN
esutjss-88	54	18	.	.	PUNCT
esutjss-88	55	1	savings	saving	NOUN
esutjss-88	55	2	are	be	AUX
esutjss-88	55	3	therefore	therefore	ADV
esutjss-88	55	4	determined	determine	VERB
esutjss-88	55	5	by	by	ADP
esutjss-88	55	6	total	total	ADJ
esutjss-88	55	7	life	life	NOUN
esutjss-88	55	8	time	time	NOUN
esutjss-88	55	9	earnings	earning	NOUN
esutjss-88	55	10	and	and	CCONJ
esutjss-88	55	11	not	not	PART
esutjss-88	55	12	by	by	ADP
esutjss-88	55	13	the	the	DET
esutjss-88	55	14	level	level	NOUN
esutjss-88	55	15	of	of	ADP
esutjss-88	55	16	current	current	ADJ
esutjss-88	55	17	income	income	NOUN
esutjss-88	55	18	.	.	PUNCT
esutjss-88	56	1	the	the	DET
esutjss-88	56	2	theoretical	theoretical	ADJ
esutjss-88	56	3	arguments	argument	NOUN
esutjss-88	56	4	for	for	ADP
esutjss-88	56	5	monetary	monetary	ADJ
esutjss-88	56	6	sector	sector	NOUN
esutjss-88	56	7	financial	financial	ADJ
esutjss-88	56	8	liberalization	liberalization	NOUN
esutjss-88	56	9	are	be	AUX
esutjss-88	56	10	centered	center	VERB
esutjss-88	56	11	mainly	mainly	ADV
esutjss-88	56	12	on	on	ADP
esutjss-88	56	13	the	the	DET
esutjss-88	56	14	need	need	NOUN
esutjss-88	56	15	for	for	ADP
esutjss-88	56	16	a	a	DET
esutjss-88	56	17	more	more	ADJ
esutjss-88	56	18	laissez	laissez	X
esutjss-88	56	19	faire	faire	X
esutjss-88	56	20	banking	banking	NOUN
esutjss-88	56	21	policy	policy	NOUN
esutjss-88	56	22	,	,	PUNCT
esutjss-88	56	23	especially	especially	ADV
esutjss-88	56	24	the	the	DET
esutjss-88	56	25	domestic	domestic	ADJ
esutjss-88	56	26	financial	financial	ADJ
esutjss-88	56	27	market	market	NOUN
esutjss-88	56	28	that	that	PRON
esutjss-88	56	29	domestic	domestic	ADJ
esutjss-88	56	30	savings	saving	NOUN
esutjss-88	56	31	is	be	AUX
esutjss-88	56	32	determined	determine	VERB
esutjss-88	56	33	by	by	ADP
esutjss-88	56	34	the	the	DET
esutjss-88	56	35	market	market	NOUN
esutjss-88	56	36	forces	force	NOUN
esutjss-88	56	37	.	.	PUNCT
esutjss-88	57	1	it	it	PRON
esutjss-88	57	2	will	will	AUX
esutjss-88	57	3	ensure	ensure	VERB
esutjss-88	57	4	that	that	SCONJ
esutjss-88	57	5	interest	interest	NOUN
esutjss-88	57	6	rate	rate	NOUN
esutjss-88	57	7	captures	capture	VERB
esutjss-88	57	8	the	the	DET
esutjss-88	57	9	actual	actual	ADJ
esutjss-88	57	10	scarcity	scarcity	NOUN
esutjss-88	57	11	of	of	ADP
esutjss-88	57	12	capital	capital	NOUN
esutjss-88	57	13	in	in	ADP
esutjss-88	57	14	less	less	ADJ
esutjss-88	57	15	developed	developed	ADJ
esutjss-88	57	16	countries	country	NOUN
esutjss-88	57	17	.	.	PUNCT
esutjss-88	58	1	mckinnon	mckinnon	PROPN
esutjss-88	58	2	(	(	PUNCT
esutjss-88	58	3	1973	1973	NUM
esutjss-88	58	4	)	)	PUNCT
esutjss-88	58	5	and	and	CCONJ
esutjss-88	58	6	shaw	shaw	PROPN
esutjss-88	58	7	(	(	PUNCT
esutjss-88	58	8	1973	1973	NUM
esutjss-88	58	9	)	)	PUNCT
esutjss-88	58	10	,	,	PUNCT
esutjss-88	58	11	the	the	DET
esutjss-88	58	12	proponents	proponent	NOUN
esutjss-88	58	13	of	of	ADP
esutjss-88	58	14	the	the	DET
esutjss-88	58	15	financial	financial	ADJ
esutjss-88	58	16	liberalization	liberalization	NOUN
esutjss-88	58	17	thesis	thesis	NOUN
esutjss-88	58	18	produced	produce	VERB
esutjss-88	58	19	a	a	DET
esutjss-88	58	20	theoretical	theoretical	ADJ
esutjss-88	58	21	basis	basis	NOUN
esutjss-88	58	22	for	for	ADP
esutjss-88	58	23	financial	financial	ADJ
esutjss-88	58	24	development	development	NOUN
esutjss-88	58	25	that	that	PRON
esutjss-88	58	26	has	have	AUX
esutjss-88	58	27	been	be	AUX
esutjss-88	58	28	formalized	formalize	VERB
esutjss-88	58	29	and	and	CCONJ
esutjss-88	58	30	extended	extend	VERB
esutjss-88	58	31	to	to	PART
esutjss-88	58	32	show	show	VERB
esutjss-88	58	33	how	how	SCONJ
esutjss-88	58	34	some	some	DET
esutjss-88	58	35	financial	financial	ADJ
esutjss-88	58	36	controls	control	NOUN
esutjss-88	58	37	that	that	PRON
esutjss-88	58	38	produce	produce	VERB
esutjss-88	58	39	financial	financial	ADJ
esutjss-88	58	40	repression	repression	NOUN
esutjss-88	58	41	effects	effect	NOUN
esutjss-88	58	42	could	could	AUX
esutjss-88	58	43	make	make	VERB
esutjss-88	58	44	the	the	DET
esutjss-88	58	45	financial	financial	ADJ
esutjss-88	58	46	sector	sector	NOUN
esutjss-88	58	47	stifle	stifle	VERB
esutjss-88	58	48	rather	rather	ADV
esutjss-88	58	49	than	than	ADP
esutjss-88	58	50	promote	promote	VERB
esutjss-88	58	51	a	a	DET
esutjss-88	58	52	country	country	NOUN
esutjss-88	58	53	’s	’s	PART
esutjss-88	58	54	development	development	NOUN
esutjss-88	58	55	.	.	PUNCT
esutjss-88	59	1	the	the	DET
esutjss-88	59	2	mckinnon	mckinnon	PROPN
esutjss-88	59	3	-	-	PROPN
esutjss-88	59	4	shaw	shaw	PROPN
esutjss-88	59	5	analysis	analysis	NOUN
esutjss-88	59	6	is	be	AUX
esutjss-88	59	7	anchored	anchor	VERB
esutjss-88	59	8	on	on	ADP
esutjss-88	59	9	the	the	DET
esutjss-88	59	10	fact	fact	NOUN
esutjss-88	59	11	that	that	SCONJ
esutjss-88	59	12	interest	interest	NOUN
esutjss-88	59	13	rate	rate	NOUN
esutjss-88	59	14	ceilings	ceiling	NOUN
esutjss-88	59	15	stagnate	stagnate	VERB
esutjss-88	59	16	savings	saving	NOUN
esutjss-88	59	17	and	and	CCONJ
esutjss-88	59	18	reduce	reduce	VERB
esutjss-88	59	19	the	the	DET
esutjss-88	59	20	quality	quality	NOUN
esutjss-88	59	21	of	of	ADP
esutjss-88	59	22	investments	investment	NOUN
esutjss-88	59	23	.	.	PUNCT
esutjss-88	60	1	moreover	moreover	ADV
esutjss-88	60	2	,	,	PUNCT
esutjss-88	60	3	it	it	PRON
esutjss-88	60	4	implies	imply	VERB
esutjss-88	60	5	that	that	SCONJ
esutjss-88	60	6	an	an	DET
esutjss-88	60	7	end	end	NOUN
esutjss-88	60	8	to	to	ADP
esutjss-88	60	9	interest	interest	NOUN
esutjss-88	60	10	rate	rate	NOUN
esutjss-88	60	11	ceilings	ceiling	NOUN
esutjss-88	60	12	and	and	CCONJ
esutjss-88	60	13	other	other	ADJ
esutjss-88	60	14	government	government	NOUN
esutjss-88	60	15	regulations	regulation	NOUN
esutjss-88	60	16	responsible	responsible	ADJ
esutjss-88	60	17	for	for	ADP
esutjss-88	60	18	slow	slow	ADJ
esutjss-88	60	19	competitive	competitive	ADJ
esutjss-88	60	20	operations	operation	NOUN
esutjss-88	60	21	in	in	ADP
esutjss-88	60	22	the	the	DET
esutjss-88	60	23	market	market	NOUN
esutjss-88	60	24	for	for	ADP
esutjss-88	60	25	funds	fund	NOUN
esutjss-88	60	26	will	will	AUX
esutjss-88	60	27	be	be	AUX
esutjss-88	60	28	beneficial	beneficial	ADJ
esutjss-88	60	29	to	to	ADP
esutjss-88	60	30	developing	develop	VERB
esutjss-88	60	31	countries	country	NOUN
esutjss-88	60	32	.	.	PUNCT
esutjss-88	61	1	higher	high	ADJ
esutjss-88	61	2	interest	interest	NOUN
esutjss-88	61	3	rates	rate	NOUN
esutjss-88	61	4	will	will	AUX
esutjss-88	61	5	result	result	VERB
esutjss-88	61	6	in	in	ADP
esutjss-88	61	7	increased	increase	VERB
esutjss-88	61	8	savings	saving	NOUN
esutjss-88	61	9	and	and	CCONJ
esutjss-88	61	10	investment	investment	NOUN
esutjss-88	61	11	,	,	PUNCT
esutjss-88	61	12	which	which	PRON
esutjss-88	61	13	in	in	ADP
esutjss-88	61	14	turn	turn	NOUN
esutjss-88	61	15	contribute	contribute	VERB
esutjss-88	61	16	to	to	ADP
esutjss-88	61	17	economic	economic	ADJ
esutjss-88	61	18	growth	growth	NOUN
esutjss-88	61	19	and	and	CCONJ
esutjss-88	61	20	investment	investment	NOUN
esutjss-88	61	21	.	.	PUNCT
esutjss-88	62	1	efficient	efficient	ADJ
esutjss-88	62	2	financial	financial	ADJ
esutjss-88	62	3	system	system	NOUN
esutjss-88	62	4	will	will	AUX
esutjss-88	62	5	lead	lead	VERB
esutjss-88	62	6	to	to	ADP
esutjss-88	62	7	appropriate	appropriate	ADJ
esutjss-88	62	8	channeling	channeling	NOUN
esutjss-88	62	9	of	of	ADP
esutjss-88	62	10	financial	financial	ADJ
esutjss-88	62	11	resources	resource	NOUN
esutjss-88	62	12	provided	provide	VERB
esutjss-88	62	13	that	that	SCONJ
esutjss-88	62	14	the	the	DET
esutjss-88	62	15	financial	financial	ADJ
esutjss-88	62	16	system	system	NOUN
esutjss-88	62	17	is	be	AUX
esutjss-88	62	18	efficient	efficient	ADJ
esutjss-88	62	19	and	and	CCONJ
esutjss-88	62	20	well	well	ADV
esutjss-88	62	21	-	-	PUNCT
esutjss-88	62	22	functioning	function	VERB
esutjss-88	62	23	.	.	PUNCT
esutjss-88	63	1	this	this	PRON
esutjss-88	63	2	means	mean	VERB
esutjss-88	63	3	that	that	SCONJ
esutjss-88	63	4	firms	firm	NOUN
esutjss-88	63	5	could	could	AUX
esutjss-88	63	6	grow	grow	VERB
esutjss-88	63	7	their	their	PRON
esutjss-88	63	8	enterprises	enterprise	NOUN
esutjss-88	63	9	through	through	ADP
esutjss-88	63	10	the	the	DET
esutjss-88	63	11	opportunity	opportunity	NOUN
esutjss-88	63	12	of	of	ADP
esutjss-88	63	13	borrowing	borrow	VERB
esutjss-88	63	14	at	at	ADP
esutjss-88	63	15	lower	low	ADJ
esutjss-88	63	16	interest	interest	NOUN
esutjss-88	63	17	rates	rate	NOUN
esutjss-88	63	18	.	.	PUNCT
esutjss-88	64	1	more	more	ADV
esutjss-88	64	2	so	so	ADV
esutjss-88	64	3	,	,	PUNCT
esutjss-88	64	4	financial	financial	ADJ
esutjss-88	64	5	intermediaries	intermediary	NOUN
esutjss-88	64	6	will	will	AUX
esutjss-88	64	7	enable	enable	VERB
esutjss-88	64	8	investors	investor	NOUN
esutjss-88	64	9	direct	direct	VERB
esutjss-88	64	10	their	their	PRON
esutjss-88	64	11	funds	fund	NOUN
esutjss-88	64	12	to	to	ADP
esutjss-88	64	13	more	more	ADJ
esutjss-88	64	14	rewarding	rewarding	ADJ
esutjss-88	64	15	projects	project	NOUN
esutjss-88	64	16	.	.	PUNCT
esutjss-88	65	1	this	this	DET
esutjss-88	65	2	main	main	ADJ
esutjss-88	65	3	critique	critique	NOUN
esutjss-88	65	4	of	of	ADP
esutjss-88	65	5	the	the	DET
esutjss-88	65	6	financial	financial	ADJ
esutjss-88	65	7	liberalization	liberalization	NOUN
esutjss-88	65	8	theory	theory	NOUN
esutjss-88	65	9	emanates	emanate	VERB
esutjss-88	65	10	from	from	ADP
esutjss-88	65	11	the	the	DET
esutjss-88	65	12	imperfect	imperfect	ADJ
esutjss-88	65	13	information	information	NOUN
esutjss-88	65	14	hypothesis	hypothesis	NOUN
esutjss-88	65	15	.	.	PUNCT
esutjss-88	66	1	that	that	DET
esutjss-88	66	2	school	school	NOUN
esutjss-88	66	3	of	of	ADP
esutjss-88	66	4	thought	thought	NOUN
esutjss-88	66	5	assesses	assess	VERB
esutjss-88	66	6	the	the	DET
esutjss-88	66	7	problem	problem	NOUN
esutjss-88	66	8	of	of	ADP
esutjss-88	66	9	financial	financial	ADJ
esutjss-88	66	10	development	development	NOUN
esutjss-88	66	11	within	within	ADP
esutjss-88	66	12	the	the	DET
esutjss-88	66	13	context	context	NOUN
esutjss-88	66	14	of	of	ADP
esutjss-88	66	15	information	information	NOUN
esutjss-88	66	16	asymmetry	asymmetry	NOUN
esutjss-88	66	17	and	and	CCONJ
esutjss-88	66	18	costly	costly	ADJ
esutjss-88	66	19	information	information	NOUN
esutjss-88	66	20	resulting	result	VERB
esutjss-88	66	21	from	from	ADP
esutjss-88	66	22	credit	credit	NOUN
esutjss-88	66	23	rationing	rationing	NOUN
esutjss-88	66	24	.	.	PUNCT
esutjss-88	67	1	the	the	DET
esutjss-88	67	2	frameworks	framework	NOUN
esutjss-88	67	3	are	be	AUX
esutjss-88	67	4	adopted	adopt	VERB
esutjss-88	67	5	following	follow	VERB
esutjss-88	67	6	the	the	DET
esutjss-88	67	7	relevance	relevance	NOUN
esutjss-88	67	8	to	to	ADP
esutjss-88	67	9	the	the	DET
esutjss-88	67	10	study	study	NOUN
esutjss-88	67	11	empirical	empirical	ADJ
esutjss-88	67	12	model	model	NOUN
esutjss-88	67	13	specification	specification	NOUN
esutjss-88	67	14	on	on	ADP
esutjss-88	67	15	the	the	DET
esutjss-88	67	16	basis	basis	NOUN
esutjss-88	67	17	of	of	ADP
esutjss-88	67	18	the	the	DET
esutjss-88	67	19	theoretical	theoretical	ADJ
esutjss-88	67	20	frameworks	framework	NOUN
esutjss-88	67	21	presented	present	VERB
esutjss-88	67	22	in	in	ADP
esutjss-88	67	23	the	the	DET
esutjss-88	67	24	foregoing	foregoing	NOUN
esutjss-88	67	25	,	,	PUNCT
esutjss-88	67	26	household	household	NOUN
esutjss-88	67	27	domestic	domestic	ADJ
esutjss-88	67	28	saving	saving	NOUN
esutjss-88	67	29	proxy	proxy	NOUN
esutjss-88	67	30	by	by	ADP
esutjss-88	67	31	domestic	domestic	ADJ
esutjss-88	67	32	saving	saving	NOUN
esutjss-88	67	33	function	function	NOUN
esutjss-88	67	34	is	be	AUX
esutjss-88	67	35	specified	specify	VERB
esutjss-88	67	36	in	in	ADP
esutjss-88	67	37	a	a	DET
esutjss-88	67	38	panel	panel	NOUN
esutjss-88	67	39	var	var	NOUN
esutjss-88	67	40	model	model	NOUN
esutjss-88	67	41	form	form	NOUN
esutjss-88	67	42	to	to	PART
esutjss-88	67	43	enable	enable	VERB
esutjss-88	67	44	estimation	estimation	NOUN
esutjss-88	67	45	to	to	PART
esutjss-88	67	46	be	be	AUX
esutjss-88	67	47	carried	carry	VERB
esutjss-88	67	48	out	out	ADP
esutjss-88	67	49	for	for	ADP
esutjss-88	67	50	the	the	DET
esutjss-88	67	51	selected	select	VERB
esutjss-88	67	52	ecowas	ecowas	PROPN
esutjss-88	67	53	countries	country	NOUN
esutjss-88	67	54	.	.	PUNCT
esutjss-88	68	1	the	the	DET
esutjss-88	68	2	model	model	NOUN
esutjss-88	68	3	estimation	estimation	NOUN
esutjss-88	68	4	follows	follow	VERB
esutjss-88	68	5	:	:	PUNCT
esutjss-88	68	6	adewuyi	adewuyi	PROPN
esutjss-88	68	7	,	,	PUNCT
esutjss-88	68	8	bankole	bankole	NOUN
esutjss-88	68	9	and	and	CCONJ
esutjss-88	68	10	arawomo	arawomo	ADJ
esutjss-88	68	11	(	(	PUNCT
esutjss-88	68	12	2010	2010	NUM
esutjss-88	68	13	)	)	PUNCT
esutjss-88	68	14	,	,	PUNCT
esutjss-88	68	15	whose	whose	DET
esutjss-88	68	16	model	model	NOUN
esutjss-88	68	17	is	be	AUX
esutjss-88	68	18	specified	specify	VERB
esutjss-88	68	19	as	as	ADP
esutjss-88	68	20	thus	thus	ADV
esutjss-88	68	21	:	:	PUNCT
esutjss-88	68	22	gdstk	gdstk	ADJ
esutjss-88	68	23	=	=	PUNCT
esutjss-88	68	24	b0	b0	NOUN
esutjss-88	68	25	+	+	CCONJ
esutjss-88	68	26	b1grgdptk	b1grgdptk	PROPN
esutjss-88	68	27	+	+	CCONJ
esutjss-88	68	28	b2totkt	b2totkt	NOUN
esutjss-88	68	29	+	+	ADJ
esutjss-88	68	30	b3gdptk	b3gdptk	ADJ
esutjss-88	68	31	+	+	CCONJ
esutjss-88	68	32	b4brmotk	b4brmotk	NOUN
esutjss-88	68	33	+	+	NOUN
esutjss-88	68	34	b5gdppctk	b5gdppctk	NOUN
esutjss-88	68	35	+	+	CCONJ
esutjss-88	68	36	b6inftk	b6inftk	ADJ
esutjss-88	68	37	+	+	CCONJ
esutjss-88	68	38	b7inttk	b7inttk	PROPN
esutjss-88	68	39	+	+	CCONJ
esutjss-88	68	40	b8dcprrtk	b8dcprrtk	PROPN
esutjss-88	68	41	+	+	CCONJ
esutjss-88	68	42	b9lfetk	b9lfetk	NOUN
esutjss-88	68	43	+	+	CCONJ
esutjss-88	68	44	b10laptk	b10laptk	PROPN
esutjss-88	68	45	+	+	NOUN
esutjss-88	68	46	utk.(3.1	utk.(3.1	NOUN
esutjss-88	68	47	)	)	PUNCT
esutjss-88	68	48	where	where	SCONJ
esutjss-88	68	49	gds	gds	PROPN
esutjss-88	68	50	is	be	AUX
esutjss-88	68	51	gross	gross	ADJ
esutjss-88	68	52	domestic	domestic	ADJ
esutjss-88	68	53	saving	saving	NOUN
esutjss-88	68	54	(	(	PUNCT
esutjss-88	68	55	measured	measure	VERB
esutjss-88	68	56	as	as	ADP
esutjss-88	68	57	gross	gross	ADJ
esutjss-88	68	58	domestic	domestic	ADJ
esutjss-88	68	59	saving	saving	NOUN
esutjss-88	68	60	as	as	ADP
esutjss-88	68	61	a	a	DET
esutjss-88	68	62	percentage	percentage	NOUN
esutjss-88	68	63	of	of	ADP
esutjss-88	68	64	gdp.grgdp	gdp.grgdp	NOUN
esutjss-88	68	65	is	be	AUX
esutjss-88	68	66	growth	growth	NOUN
esutjss-88	68	67	rate	rate	NOUN
esutjss-88	68	68	of	of	ADP
esutjss-88	68	69	gross	gross	ADJ
esutjss-88	68	70	domestic	domestic	ADJ
esutjss-88	68	71	product	product	NOUN
esutjss-88	68	72	,	,	PUNCT
esutjss-88	68	73	tot	tot	NOUN
esutjss-88	68	74	is	be	AUX
esutjss-88	68	75	terms	term	NOUN
esutjss-88	68	76	of	of	ADP
esutjss-88	68	77	trade	trade	NOUN
esutjss-88	68	78	,	,	PUNCT
esutjss-88	68	79	gbp	gbp	NOUN
esutjss-88	68	80	is	be	AUX
esutjss-88	68	81	government	government	NOUN
esutjss-88	68	82	budget	budget	NOUN
esutjss-88	68	83	position	position	NOUN
esutjss-88	68	84	(	(	PUNCT
esutjss-88	68	85	fiscal	fiscal	ADJ
esutjss-88	68	86	deflect	deflect	NOUN
esutjss-88	68	87	or	or	CCONJ
esutjss-88	68	88	surplus	surplus	NOUN
esutjss-88	68	89	as	as	ADP
esutjss-88	68	90	a	a	DET
esutjss-88	68	91	percentage	percentage	NOUN
esutjss-88	68	92	of	of	ADP
esutjss-88	68	93	gdp	gdp	NOUN
esutjss-88	68	94	)	)	PUNCT
esutjss-88	68	95	,	,	PUNCT
esutjss-88	68	96	brmo	brmo	NOUN
esutjss-88	68	97	is	be	AUX
esutjss-88	68	98	the	the	DET
esutjss-88	68	99	degree	degree	NOUN
esutjss-88	68	100	of	of	ADP
esutjss-88	68	101	financial	financial	ADJ
esutjss-88	68	102	depth	depth	NOUN
esutjss-88	68	103	(	(	PUNCT
esutjss-88	68	104	measure	measure	NOUN
esutjss-88	68	105	as	as	ADP
esutjss-88	68	106	broad	broad	ADJ
esutjss-88	68	107	money	money	NOUN
esutjss-88	68	108	supply	supply	NOUN
esutjss-88	68	109	as	as	ADP
esutjss-88	68	110	a	a	DET
esutjss-88	68	111	percentage	percentage	NOUN
esutjss-88	68	112	of	of	ADP
esutjss-88	68	113	gdp	gdp	NOUN
esutjss-88	68	114	)	)	PUNCT
esutjss-88	68	115	,	,	PUNCT
esutjss-88	68	116	gdppc	gdppc	PROPN
esutjss-88	68	117	is	be	AUX
esutjss-88	68	118	gross	gross	ADJ
esutjss-88	68	119	domestic	domestic	ADJ
esutjss-88	68	120	product	product	NOUN
esutjss-88	68	121	per	per	ADP
esutjss-88	68	122	capital	capital	NOUN
esutjss-88	68	123	(	(	PUNCT
esutjss-88	68	124	gdp	gdp	NOUN
esutjss-88	68	125	as	as	ADP
esutjss-88	68	126	a	a	DET
esutjss-88	68	127	ratio	ratio	NOUN
esutjss-88	68	128	)	)	PUNCT
esutjss-88	68	129	,	,	PUNCT
esutjss-88	68	130	depr	depr	NOUN
esutjss-88	68	131	is	be	AUX
esutjss-88	68	132	dependency	dependency	NOUN
esutjss-88	68	133	ratio	ratio	NOUN
esutjss-88	68	134	,	,	PUNCT
esutjss-88	68	135	lfe	lfe	PROPN
esutjss-88	68	136	is	be	AUX
esutjss-88	68	137	life	life	NOUN
esutjss-88	68	138	expectancy	expectancy	NOUN
esutjss-88	68	139	ratio	ratio	NOUN
esutjss-88	68	140	,	,	PUNCT
esutjss-88	68	141	lap	lap	NOUN
esutjss-88	68	142	in	in	ADP
esutjss-88	68	143	labour	labour	ADJ
esutjss-88	68	144	participation	participation	NOUN
esutjss-88	68	145	rate	rate	NOUN
esutjss-88	68	146	.	.	PUNCT
esutjss-88	69	1	since	since	SCONJ
esutjss-88	69	2	the	the	DET
esutjss-88	69	3	objective	objective	NOUN
esutjss-88	69	4	of	of	ADP
esutjss-88	69	5	the	the	DET
esutjss-88	69	6	current	current	ADJ
esutjss-88	69	7	study	study	NOUN
esutjss-88	69	8	is	be	AUX
esutjss-88	69	9	to	to	PART
esutjss-88	69	10	investigate	investigate	VERB
esutjss-88	69	11	the	the	DET
esutjss-88	69	12	effect	effect	NOUN
esutjss-88	69	13	of	of	ADP
esutjss-88	69	14	monetary	monetary	ADJ
esutjss-88	69	15	sector	sector	NOUN
esutjss-88	69	16	financial	financial	ADJ
esutjss-88	69	17	liberalization	liberalization	NOUN
esutjss-88	69	18	domestic	domestic	NOUN
esutjss-88	69	19	of	of	ADP
esutjss-88	69	20	savings	saving	NOUN
esutjss-88	69	21	in	in	ADP
esutjss-88	69	22	the	the	DET
esutjss-88	69	23	selected	select	VERB
esutjss-88	69	24	ecowas	ecowas	PROPN
esutjss-88	69	25	countries	country	NOUN
esutjss-88	69	26	,	,	PUNCT
esutjss-88	69	27	equation	equation	NOUN
esutjss-88	69	28	(	(	PUNCT
esutjss-88	69	29	3.1	3.1	NUM
esutjss-88	69	30	)	)	PUNCT
esutjss-88	69	31	is	be	AUX
esutjss-88	69	32	re	re	VERB
esutjss-88	69	33	-	-	VERB
esutjss-88	69	34	specified	specify	VERB
esutjss-88	69	35	with	with	ADP
esutjss-88	69	36	adjustment	adjustment	NOUN
esutjss-88	69	37	as	as	SCONJ
esutjss-88	69	38	follows	follow	VERB
esutjss-88	69	39	:	:	PUNCT
esutjss-88	69	40	gdstk=	gdstk=	PROPN
esutjss-88	69	41	b0	b0	NOUN
esutjss-88	69	42	+	+	CCONJ
esutjss-88	69	43	b1descretk	b1descretk	PROPN
esutjss-88	69	44	+	+	CCONJ
esutjss-88	69	45	b2m2	b2m2	NOUN
esutjss-88	69	46	/	/	SYM
esutjss-88	69	47	gdptk	gdptk	ADJ
esutjss-88	69	48	+	+	CCONJ
esutjss-88	69	49	b3intsptk	b3intsptk	ADJ
esutjss-88	69	50	+	+	CCONJ
esutjss-88	69	51	b4gdppctk	b4gdppctk	VERB
esutjss-88	69	52	+	+	PROPN
esutjss-88	69	53	b5gfcftk+b6pogrow	b5gfcftk+b6pogrow	PROPN
esutjss-88	69	54	b7finldumtk	b7finldumtk	NOUN
esutjss-88	69	55	+	+	CCONJ
esutjss-88	69	56	utk(3.2	utk(3.2	NUM
esutjss-88	69	57	)	)	PUNCT
esutjss-88	69	58	where	where	SCONJ
esutjss-88	69	59	gds	gds	PROPN
esutjss-88	69	60	is	be	AUX
esutjss-88	69	61	gross	gross	ADJ
esutjss-88	69	62	domestic	domestic	ADJ
esutjss-88	69	63	saving	saving	NOUN
esutjss-88	69	64	;	;	PUNCT
esutjss-88	69	65	descre	descre	VERB
esutjss-88	69	66	,	,	PUNCT
esutjss-88	69	67	is	be	AUX
esutjss-88	69	68	domestic	domestic	ADJ
esutjss-88	69	69	credit	credit	NOUN
esutjss-88	69	70	allocated	allocate	VERB
esutjss-88	69	71	to	to	ADP
esutjss-88	69	72	the	the	DET
esutjss-88	69	73	private	private	ADJ
esutjss-88	69	74	sector	sector	NOUN
esutjss-88	69	75	by	by	ADP
esutjss-88	69	76	the	the	DET
esutjss-88	69	77	banking	banking	NOUN
esutjss-88	69	78	sector	sector	NOUN
esutjss-88	69	79	;	;	PUNCT
esutjss-88	69	80	m2	m2	PROPN
esutjss-88	69	81	/	/	SYM
esutjss-88	69	82	gdp	gdp	PROPN
esutjss-88	69	83	,	,	PUNCT
esutjss-88	69	84	is	be	AUX
esutjss-88	69	85	broad	broad	ADJ
esutjss-88	69	86	money	money	NOUN
esutjss-88	69	87	supply	supply	NOUN
esutjss-88	69	88	as	as	ADP
esutjss-88	69	89	a	a	DET
esutjss-88	69	90	percentage	percentage	NOUN
esutjss-88	69	91	of	of	ADP
esutjss-88	69	92	gdp	gdp	NOUN
esutjss-88	69	93	;	;	PUNCT
esutjss-88	69	94	intsp	intsp	NOUN
esutjss-88	69	95	,	,	PUNCT
esutjss-88	69	96	interest	interest	NOUN
esutjss-88	69	97	rate	rate	NOUN
esutjss-88	69	98	spread	spread	AUX
esutjss-88	69	99	previously	previously	ADV
esutjss-88	69	100	defined	define	VERB
esutjss-88	69	101	;	;	PUNCT
esutjss-88	69	102	gdppc	gdppc	NOUN
esutjss-88	69	103	,	,	PUNCT
esutjss-88	69	104	growth	growth	NOUN
esutjss-88	69	105	per	per	ADP
esutjss-88	69	106	capita	capita	NOUN
esutjss-88	69	107	;	;	PUNCT
esutjss-88	69	108	gfcf	gfcf	NOUN
esutjss-88	69	109	,	,	PUNCT
esutjss-88	69	110	aggregate	aggregate	ADJ
esutjss-88	69	111	investment	investment	NOUN
esutjss-88	69	112	as	as	ADP
esutjss-88	69	113	gross	gross	ADJ
esutjss-88	69	114	fixed	fix	VERB
esutjss-88	69	115	capital	capital	NOUN
esutjss-88	69	116	formation	formation	NOUN
esutjss-88	69	117	and	and	CCONJ
esutjss-88	69	118	finldum	finldum	NOUN
esutjss-88	69	119	,	,	PUNCT
esutjss-88	69	120	liberalization	liberalization	NOUN
esutjss-88	69	121	dummy	dummy	NOUN
esutjss-88	69	122	representing	represent	VERB
esutjss-88	69	123	the	the	DET
esutjss-88	69	124	different	different	ADJ
esutjss-88	69	125	policy	policy	NOUN
esutjss-88	69	126	regimes	regime	NOUN
esutjss-88	69	127	of	of	ADP
esutjss-88	69	128	reforms	reform	NOUN
esutjss-88	69	129	/	/	SYM
esutjss-88	69	130	liberalization	liberalization	NOUN
esutjss-88	69	131	in	in	ADP
esutjss-88	69	132	the	the	DET
esutjss-88	69	133	economies	economy	NOUN
esutjss-88	69	134	of	of	ADP
esutjss-88	69	135	the	the	DET
esutjss-88	69	136	ecowas	ecowas	PROPN
esutjss-88	69	137	countries	country	NOUN
esutjss-88	69	138	over	over	ADP
esutjss-88	69	139	the	the	DET
esutjss-88	69	140	reviewing	reviewing	NOUN
esutjss-88	69	141	period	period	NOUN
esutjss-88	69	142	and	and	CCONJ
esutjss-88	69	143	u	u	NOUN
esutjss-88	69	144	,	,	PUNCT
esutjss-88	69	145	the	the	DET
esutjss-88	69	146	error	error	NOUN
esutjss-88	69	147	term	term	NOUN
esutjss-88	69	148	.	.	PUNCT
esutjss-88	70	1	k	k	PROPN
esutjss-88	70	2	represents	represent	VERB
esutjss-88	70	3	countries	country	NOUN
esutjss-88	70	4	heterogeneity	heterogeneity	NOUN
esutjss-88	70	5	and	and	CCONJ
esutjss-88	70	6	t	t	PROPN
esutjss-88	70	7	is	be	AUX
esutjss-88	70	8	the	the	DET
esutjss-88	70	9	time	time	NOUN
esutjss-88	70	10	frame	frame	NOUN
esutjss-88	70	11	.	.	PUNCT
esutjss-88	71	1	the	the	DET
esutjss-88	71	2	study	study	NOUN
esutjss-88	71	3	is	be	AUX
esutjss-88	71	4	focusing	focus	VERB
esutjss-88	71	5	on	on	ADP
esutjss-88	71	6	the	the	DET
esutjss-88	71	7	monetary	monetary	ADJ
esutjss-88	71	8	sector	sector	NOUN
esutjss-88	71	9	financial	financial	ADJ
esutjss-88	71	10	liberalization	liberalization	NOUN
esutjss-88	71	11	because	because	SCONJ
esutjss-88	71	12	the	the	DET
esutjss-88	71	13	complexity	complexity	NOUN
esutjss-88	71	14	of	of	ADP
esutjss-88	71	15	financial	financial	ADJ
esutjss-88	71	16	liberalization	liberalization	NOUN
esutjss-88	71	17	itself	itself	PRON
esutjss-88	71	18	.	.	PUNCT
esutjss-88	72	1	this	this	PRON
esutjss-88	72	2	becomes	become	VERB
esutjss-88	72	3	expedient	expedient	ADJ
esutjss-88	72	4	so	so	SCONJ
esutjss-88	72	5	as	as	SCONJ
esutjss-88	72	6	to	to	PART
esutjss-88	72	7	avoid	avoid	VERB
esutjss-88	72	8	the	the	DET
esutjss-88	72	9	problem	problem	NOUN
esutjss-88	72	10	of	of	ADP
esutjss-88	72	11	multicollinearity	multicollinearity	NOUN
esutjss-88	72	12	and	and	CCONJ
esutjss-88	72	13	data	datum	NOUN
esutjss-88	72	14	biasness	biasness	NOUN
esutjss-88	72	15	resulting	result	VERB
esutjss-88	72	16	from	from	ADP
esutjss-88	72	17	the	the	DET
esutjss-88	72	18	267	267	NUM
esutjss-88	72	19	construction	construction	NOUN
esutjss-88	72	20	of	of	ADP
esutjss-88	72	21	an	an	DET
esutjss-88	72	22	index	index	NOUN
esutjss-88	72	23	variable	variable	NOUN
esutjss-88	72	24	to	to	PART
esutjss-88	72	25	measure	measure	VERB
esutjss-88	72	26	financial	financial	ADJ
esutjss-88	72	27	liberalization	liberalization	NOUN
esutjss-88	72	28	.	.	PUNCT
esutjss-88	73	1	measurement	measurement	NOUN
esutjss-88	73	2	error	error	NOUN
esutjss-88	73	3	may	may	AUX
esutjss-88	73	4	occur	occur	VERB
esutjss-88	73	5	during	during	ADP
esutjss-88	73	6	the	the	DET
esutjss-88	73	7	factor	factor	NOUN
esutjss-88	73	8	analysis	analysis	NOUN
esutjss-88	73	9	.	.	PUNCT
esutjss-88	74	1	domestic	domestic	ADJ
esutjss-88	74	2	credit	credit	NOUN
esutjss-88	74	3	provided	provide	VERB
esutjss-88	74	4	by	by	ADP
esutjss-88	74	5	financial	financial	ADJ
esutjss-88	74	6	sector	sector	NOUN
esutjss-88	74	7	(	(	PUNCT
esutjss-88	74	8	in	in	ADP
esutjss-88	74	9	percentage	percentage	NOUN
esutjss-88	74	10	of	of	ADP
esutjss-88	74	11	gdp	gdp	NOUN
esutjss-88	74	12	):	):	PUNCT
esutjss-88	74	13	one	one	NUM
esutjss-88	74	14	of	of	ADP
esutjss-88	74	15	the	the	DET
esutjss-88	74	16	explanatory	explanatory	ADJ
esutjss-88	74	17	variables	variable	NOUN
esutjss-88	74	18	used	use	VERB
esutjss-88	74	19	in	in	ADP
esutjss-88	74	20	measuring	measure	VERB
esutjss-88	74	21	monetary	monetary	ADJ
esutjss-88	74	22	sector	sector	NOUN
esutjss-88	74	23	financial	financial	ADJ
esutjss-88	74	24	liberalization	liberalization	NOUN
esutjss-88	74	25	.	.	PUNCT
esutjss-88	75	1	domestic	domestic	ADJ
esutjss-88	75	2	credit	credit	NOUN
esutjss-88	75	3	provided	provide	VERB
esutjss-88	75	4	by	by	ADP
esutjss-88	75	5	the	the	DET
esutjss-88	75	6	financial	financial	ADJ
esutjss-88	75	7	sector	sector	NOUN
esutjss-88	75	8	includes	include	VERB
esutjss-88	75	9	all	all	DET
esutjss-88	75	10	credit	credit	NOUN
esutjss-88	75	11	to	to	ADP
esutjss-88	75	12	various	various	ADJ
esutjss-88	75	13	sectors	sector	NOUN
esutjss-88	75	14	on	on	ADP
esutjss-88	75	15	a	a	DET
esutjss-88	75	16	gross	gross	ADJ
esutjss-88	75	17	basis	basis	NOUN
esutjss-88	75	18	,	,	PUNCT
esutjss-88	75	19	with	with	ADP
esutjss-88	75	20	the	the	DET
esutjss-88	75	21	exception	exception	NOUN
esutjss-88	75	22	of	of	ADP
esutjss-88	75	23	credit	credit	NOUN
esutjss-88	75	24	to	to	ADP
esutjss-88	75	25	the	the	DET
esutjss-88	75	26	central	central	ADJ
esutjss-88	75	27	government	government	NOUN
esutjss-88	75	28	,	,	PUNCT
esutjss-88	75	29	which	which	PRON
esutjss-88	75	30	is	be	AUX
esutjss-88	75	31	net	net	ADJ
esutjss-88	75	32	.	.	PUNCT
esutjss-88	76	1	the	the	DET
esutjss-88	76	2	financial	financial	ADJ
esutjss-88	76	3	sector	sector	NOUN
esutjss-88	76	4	includes	include	VERB
esutjss-88	76	5	monetary	monetary	ADJ
esutjss-88	76	6	authorities	authority	NOUN
esutjss-88	76	7	and	and	CCONJ
esutjss-88	76	8	deposit	deposit	VERB
esutjss-88	76	9	money	money	NOUN
esutjss-88	76	10	banks	bank	NOUN
esutjss-88	76	11	,	,	PUNCT
esutjss-88	76	12	as	as	ADV
esutjss-88	76	13	well	well	ADV
esutjss-88	76	14	as	as	ADP
esutjss-88	76	15	other	other	ADJ
esutjss-88	76	16	financial	financial	ADJ
esutjss-88	76	17	institutions	institution	NOUN
esutjss-88	76	18	.	.	PUNCT
esutjss-88	77	1	elomobed	elomobe	VERB
esutjss-88	77	2	,	,	PUNCT
esutjss-88	77	3	odo	odo	NOUN
esutjss-88	77	4	,	,	PUNCT
esutjss-88	77	5	udude	udude	ADJ
esutjss-88	77	6	and	and	CCONJ
esutjss-88	77	7	okonkwo(2016	okonkwo(2016	PRON
esutjss-88	77	8	)	)	PUNCT
esutjss-88	77	9	revealed	revealed	AUX
esutjss-88	77	10	a	a	DET
esutjss-88	77	11	unidirectional	unidirectional	ADJ
esutjss-88	77	12	causality	causality	NOUN
esutjss-88	77	13	from	from	ADP
esutjss-88	77	14	domestic	domestic	ADJ
esutjss-88	77	15	credit	credit	NOUN
esutjss-88	77	16	(	(	PUNCT
esutjss-88	77	17	dcps%gdp	dcps%gdp	NOUN
esutjss-88	77	18	)	)	PUNCT
esutjss-88	77	19	to	to	ADP
esutjss-88	77	20	domestic	domestic	ADJ
esutjss-88	77	21	private	private	ADJ
esutjss-88	77	22	saving	saving	NOUN
esutjss-88	77	23	,	,	PUNCT
esutjss-88	77	24	indicating	indicate	VERB
esutjss-88	77	25	a	a	DET
esutjss-88	77	26	positive	positive	ADJ
esutjss-88	77	27	significant	significant	ADJ
esutjss-88	77	28	relationship	relationship	NOUN
esutjss-88	77	29	between	between	ADP
esutjss-88	77	30	the	the	DET
esutjss-88	77	31	two	two	NUM
esutjss-88	77	32	variables	variable	NOUN
esutjss-88	77	33	.	.	PUNCT
esutjss-88	78	1	our	our	PRON
esutjss-88	78	2	study	study	NOUN
esutjss-88	78	3	hypothesizes	hypothesize	VERB
esutjss-88	78	4	a	a	DET
esutjss-88	78	5	positive	positive	ADJ
esutjss-88	78	6	effect	effect	NOUN
esutjss-88	78	7	of	of	ADP
esutjss-88	78	8	domestic	domestic	ADJ
esutjss-88	78	9	credit	credit	NOUN
esutjss-88	78	10	on	on	ADP
esutjss-88	78	11	household	household	NOUN
esutjss-88	78	12	saving	saving	NOUN
esutjss-88	78	13	,	,	PUNCT
esutjss-88	78	14	as	as	ADP
esutjss-88	78	15	such	such	ADJ
esutjss-88	78	16	,	,	PUNCT
esutjss-88	78	17	α1>0	α1>0	NOUN
esutjss-88	78	18	.	.	PUNCT
esutjss-88	79	1	economic	economic	ADJ
esutjss-88	79	2	growth	growth	NOUN
esutjss-88	79	3	:	:	PUNCT
esutjss-88	79	4	economic	economic	ADJ
esutjss-88	79	5	growth	growth	NOUN
esutjss-88	79	6	,	,	PUNCT
esutjss-88	79	7	proxy	proxy	NOUN
esutjss-88	79	8	by	by	ADP
esutjss-88	79	9	gdppc	gdppc	NOUN
esutjss-88	79	10	measured	measure	VERB
esutjss-88	79	11	in	in	ADP
esutjss-88	79	12	annual	annual	ADJ
esutjss-88	79	13	percentage	percentage	NOUN
esutjss-88	79	14	rate	rate	NOUN
esutjss-88	79	15	entered	enter	VERB
esutjss-88	79	16	into	into	ADP
esutjss-88	79	17	the	the	DET
esutjss-88	79	18	model	model	NOUN
esutjss-88	79	19	as	as	ADP
esutjss-88	79	20	a	a	DET
esutjss-88	79	21	control	control	NOUN
esutjss-88	79	22	variable	variable	NOUN
esutjss-88	79	23	,	,	PUNCT
esutjss-88	79	24	in	in	ADP
esutjss-88	79	25	the	the	DET
esutjss-88	79	26	sense	sense	NOUN
esutjss-88	79	27	that	that	SCONJ
esutjss-88	79	28	growth	growth	NOUN
esutjss-88	79	29	affects	affect	VERB
esutjss-88	79	30	domestic	domestic	ADJ
esutjss-88	79	31	saving	saving	NOUN
esutjss-88	79	32	outside	outside	ADP
esutjss-88	79	33	the	the	DET
esutjss-88	79	34	explanatory	explanatory	NOUN
esutjss-88	79	35	variables.from	variables.from	ADP
esutjss-88	79	36	a	a	DET
esutjss-88	79	37	theoretical	theoretical	ADJ
esutjss-88	79	38	point	point	NOUN
esutjss-88	79	39	of	of	ADP
esutjss-88	79	40	view	view	NOUN
esutjss-88	79	41	,	,	PUNCT
esutjss-88	79	42	a	a	DET
esutjss-88	79	43	positive	positive	ADJ
esutjss-88	79	44	relationship	relationship	NOUN
esutjss-88	79	45	between	between	ADP
esutjss-88	79	46	domestic	domestic	ADJ
esutjss-88	79	47	savings	saving	NOUN
esutjss-88	79	48	and	and	CCONJ
esutjss-88	79	49	economic	economic	ADJ
esutjss-88	79	50	growth	growth	NOUN
esutjss-88	79	51	is	be	AUX
esutjss-88	79	52	expected	expect	VERB
esutjss-88	79	53	,	,	PUNCT
esutjss-88	79	54	due	due	ADJ
esutjss-88	79	55	mainly	mainly	ADV
esutjss-88	79	56	to	to	ADP
esutjss-88	79	57	the	the	DET
esutjss-88	79	58	fact	fact	NOUN
esutjss-88	79	59	that	that	SCONJ
esutjss-88	79	60	an	an	DET
esutjss-88	79	61	increase	increase	NOUN
esutjss-88	79	62	in	in	ADP
esutjss-88	79	63	savings	saving	NOUN
esutjss-88	79	64	would	would	AUX
esutjss-88	79	65	positively	positively	ADV
esutjss-88	79	66	stimulate	stimulate	VERB
esutjss-88	79	67	economic	economic	ADJ
esutjss-88	79	68	growth	growth	NOUN
esutjss-88	79	69	,	,	PUNCT
esutjss-88	79	70	and	and	CCONJ
esutjss-88	79	71	economic	economic	ADJ
esutjss-88	79	72	growth	growth	NOUN
esutjss-88	79	73	could	could	AUX
esutjss-88	79	74	in	in	ADP
esutjss-88	79	75	turn	turn	NOUN
esutjss-88	79	76	stimulate	stimulate	VERB
esutjss-88	79	77	the	the	DET
esutjss-88	79	78	growth	growth	NOUN
esutjss-88	79	79	of	of	ADP
esutjss-88	79	80	domestic	domestic	ADJ
esutjss-88	79	81	saving	saving	NOUN
esutjss-88	79	82	via	via	ADP
esutjss-88	79	83	investment	investment	NOUN
esutjss-88	79	84	and	and	CCONJ
esutjss-88	79	85	employment	employment	NOUN
esutjss-88	79	86	.	.	PUNCT
esutjss-88	80	1	misztal	misztal	PROPN
esutjss-88	80	2	(	(	PUNCT
esutjss-88	80	3	2011	2011	NUM
esutjss-88	80	4	)	)	PUNCT
esutjss-88	80	5	found	find	VERB
esutjss-88	80	6	the	the	DET
esutjss-88	80	7	existence	existence	NOUN
esutjss-88	80	8	of	of	ADP
esutjss-88	80	9	one	one	NUM
esutjss-88	80	10	-	-	PUNCT
esutjss-88	80	11	way	way	NOUN
esutjss-88	80	12	causal	causal	ADJ
esutjss-88	80	13	relationship	relationship	NOUN
esutjss-88	80	14	between	between	ADP
esutjss-88	80	15	gross	gross	ADJ
esutjss-88	80	16	domestic	domestic	ADJ
esutjss-88	80	17	savings	saving	NOUN
esutjss-88	80	18	and	and	CCONJ
esutjss-88	80	19	gross	gross	ADJ
esutjss-88	80	20	domestic	domestic	ADJ
esutjss-88	80	21	product	product	NOUN
esutjss-88	80	22	in	in	ADP
esutjss-88	80	23	the	the	DET
esutjss-88	80	24	case	case	NOUN
esutjss-88	80	25	of	of	ADP
esutjss-88	80	26	developed	develop	VERB
esutjss-88	80	27	countries	country	NOUN
esutjss-88	80	28	as	as	ADV
esutjss-88	80	29	well	well	ADV
esutjss-88	80	30	as	as	ADP
esutjss-88	80	31	in	in	ADP
esutjss-88	80	32	developing	develop	VERB
esutjss-88	80	33	countries	country	NOUN
esutjss-88	80	34	.	.	PUNCT
esutjss-88	81	1	in	in	ADP
esutjss-88	81	2	this	this	DET
esutjss-88	81	3	study	study	NOUN
esutjss-88	81	4	,	,	PUNCT
esutjss-88	81	5	our	our	PRON
esutjss-88	81	6	study	study	NOUN
esutjss-88	81	7	expects	expect	VERB
esutjss-88	81	8	a	a	DET
esutjss-88	81	9	positive	positive	ADJ
esutjss-88	81	10	significant	significant	ADJ
esutjss-88	81	11	relationship	relationship	NOUN
esutjss-88	81	12	between	between	ADP
esutjss-88	81	13	both	both	DET
esutjss-88	81	14	variables	variable	NOUN
esutjss-88	81	15	.	.	PUNCT
esutjss-88	82	1	our	our	PRON
esutjss-88	82	2	study	study	NOUN
esutjss-88	82	3	therefore	therefore	ADV
esutjss-88	82	4	hypothesizes	hypothesize	VERB
esutjss-88	82	5	a	a	DET
esutjss-88	82	6	positive	positive	ADJ
esutjss-88	82	7	effect	effect	NOUN
esutjss-88	82	8	of	of	ADP
esutjss-88	82	9	economic	economic	ADJ
esutjss-88	82	10	growth	growth	NOUN
esutjss-88	82	11	on	on	ADP
esutjss-88	82	12	household	household	NOUN
esutjss-88	82	13	saving	saving	NOUN
esutjss-88	82	14	,	,	PUNCT
esutjss-88	82	15	as	as	ADP
esutjss-88	82	16	such	such	ADJ
esutjss-88	82	17	,	,	PUNCT
esutjss-88	82	18	α2>0	α2>0	NOUN
esutjss-88	82	19	.	.	PUNCT
esutjss-88	83	1	interestrate	interestrate	PROPN
esutjss-88	83	2	spread	spread	PROPN
esutjss-88	83	3	:	:	PUNCT
esutjss-88	83	4	this	this	PRON
esutjss-88	83	5	is	be	AUX
esutjss-88	83	6	another	another	DET
esutjss-88	83	7	explanatory	explanatory	ADJ
esutjss-88	83	8	variable	variable	NOUN
esutjss-88	83	9	of	of	ADP
esutjss-88	83	10	the	the	DET
esutjss-88	83	11	study	study	NOUN
esutjss-88	83	12	.	.	PUNCT
esutjss-88	84	1	interest	interest	NOUN
esutjss-88	84	2	-	-	PUNCT
esutjss-88	84	3	rate	rate	NOUN
esutjss-88	84	4	spread	spread	NOUN
esutjss-88	84	5	is	be	AUX
esutjss-88	84	6	defined	define	VERB
esutjss-88	84	7	as	as	ADP
esutjss-88	84	8	the	the	DET
esutjss-88	84	9	difference	difference	NOUN
esutjss-88	84	10	between	between	ADP
esutjss-88	84	11	the	the	DET
esutjss-88	84	12	lending	lending	NOUN
esutjss-88	84	13	rate	rate	NOUN
esutjss-88	84	14	and	and	CCONJ
esutjss-88	84	15	the	the	DET
esutjss-88	84	16	deposit	deposit	NOUN
esutjss-88	84	17	rate	rate	NOUN
esutjss-88	84	18	.	.	PUNCT
esutjss-88	85	1	the	the	DET
esutjss-88	85	2	life	life	NOUN
esutjss-88	85	3	cycle	cycle	NOUN
esutjss-88	85	4	theory	theory	NOUN
esutjss-88	85	5	introduced	introduce	VERB
esutjss-88	85	6	that	that	SCONJ
esutjss-88	85	7	the	the	DET
esutjss-88	85	8	net	net	ADJ
esutjss-88	85	9	effect	effect	NOUN
esutjss-88	85	10	of	of	ADP
esutjss-88	85	11	the	the	DET
esutjss-88	85	12	real	real	ADJ
esutjss-88	85	13	interest	interest	NOUN
esutjss-88	85	14	rate	rate	NOUN
esutjss-88	85	15	increases	increase	VERB
esutjss-88	85	16	the	the	DET
esutjss-88	85	17	current	current	ADJ
esutjss-88	85	18	price	price	NOUN
esutjss-88	85	19	of	of	ADP
esutjss-88	85	20	consumption	consumption	NOUN
esutjss-88	85	21	relative	relative	ADJ
esutjss-88	85	22	to	to	ADP
esutjss-88	85	23	the	the	DET
esutjss-88	85	24	future	future	ADJ
esutjss-88	85	25	price	price	NOUN
esutjss-88	85	26	,	,	PUNCT
esutjss-88	85	27	thus	thus	ADV
esutjss-88	85	28	affecting	affect	VERB
esutjss-88	85	29	savings	saving	NOUN
esutjss-88	85	30	positively	positively	ADV
esutjss-88	85	31	.	.	PUNCT
esutjss-88	86	1	the	the	DET
esutjss-88	86	2	income	income	NOUN
esutjss-88	86	3	effect	effect	NOUN
esutjss-88	86	4	indicates	indicate	VERB
esutjss-88	86	5	that	that	SCONJ
esutjss-88	86	6	if	if	SCONJ
esutjss-88	86	7	the	the	DET
esutjss-88	86	8	household	household	NOUN
esutjss-88	86	9	is	be	AUX
esutjss-88	86	10	a	a	DET
esutjss-88	86	11	net	net	ADJ
esutjss-88	86	12	lender	lender	NOUN
esutjss-88	86	13	,	,	PUNCT
esutjss-88	86	14	an	an	DET
esutjss-88	86	15	increase	increase	NOUN
esutjss-88	86	16	in	in	ADP
esutjss-88	86	17	the	the	DET
esutjss-88	86	18	interest	interest	NOUN
esutjss-88	86	19	rate	rate	NOUN
esutjss-88	86	20	will	will	AUX
esutjss-88	86	21	have	have	VERB
esutjss-88	86	22	a	a	DET
esutjss-88	86	23	positive	positive	ADJ
esutjss-88	86	24	effect	effect	NOUN
esutjss-88	86	25	on	on	ADP
esutjss-88	86	26	savings	saving	NOUN
esutjss-88	86	27	ratio	ratio	NOUN
esutjss-88	86	28	only	only	ADV
esutjss-88	86	29	when	when	SCONJ
esutjss-88	86	30	the	the	DET
esutjss-88	86	31	substitution	substitution	NOUN
esutjss-88	86	32	effect	effect	NOUN
esutjss-88	86	33	dominates	dominate	VERB
esutjss-88	86	34	the	the	DET
esutjss-88	86	35	income	income	NOUN
esutjss-88	86	36	effect	effect	NOUN
esutjss-88	86	37	.	.	PUNCT
esutjss-88	87	1	in	in	ADP
esutjss-88	87	2	developing	develop	VERB
esutjss-88	87	3	countries	country	NOUN
esutjss-88	87	4	,	,	PUNCT
esutjss-88	87	5	like	like	ADP
esutjss-88	87	6	the	the	DET
esutjss-88	87	7	ecowas	ecowas	PROPN
esutjss-88	87	8	countries	country	NOUN
esutjss-88	87	9	,	,	PUNCT
esutjss-88	87	10	where	where	SCONJ
esutjss-88	87	11	financial	financial	ADJ
esutjss-88	87	12	markets	market	NOUN
esutjss-88	87	13	are	be	AUX
esutjss-88	87	14	still	still	ADV
esutjss-88	87	15	not	not	PART
esutjss-88	87	16	developed	develop	VERB
esutjss-88	87	17	,	,	PUNCT
esutjss-88	87	18	substitution	substitution	NOUN
esutjss-88	87	19	effect	effect	NOUN
esutjss-88	87	20	is	be	AUX
esutjss-88	87	21	expected	expect	VERB
esutjss-88	87	22	to	to	PART
esutjss-88	87	23	be	be	AUX
esutjss-88	87	24	much	much	ADV
esutjss-88	87	25	greater	great	ADJ
esutjss-88	87	26	than	than	ADP
esutjss-88	87	27	income	income	NOUN
esutjss-88	87	28	effect	effect	NOUN
esutjss-88	87	29	,	,	PUNCT
esutjss-88	87	30	and	and	CCONJ
esutjss-88	87	31	thus	thus	ADV
esutjss-88	87	32	the	the	DET
esutjss-88	87	33	real	real	ADJ
esutjss-88	87	34	interest	interest	NOUN
esutjss-88	87	35	rate	rate	NOUN
esutjss-88	87	36	is	be	AUX
esutjss-88	87	37	likely	likely	ADJ
esutjss-88	87	38	to	to	PART
esutjss-88	87	39	have	have	VERB
esutjss-88	87	40	a	a	DET
esutjss-88	87	41	net	net	ADJ
esutjss-88	87	42	positive	positive	ADJ
esutjss-88	87	43	effect	effect	NOUN
esutjss-88	87	44	on	on	ADP
esutjss-88	87	45	domestic	domestic	ADJ
esutjss-88	87	46	savings	saving	NOUN
esutjss-88	87	47	.	.	PUNCT
esutjss-88	88	1	hence	hence	ADV
esutjss-88	88	2	,	,	PUNCT
esutjss-88	88	3	α3	α3	PROPN
esutjss-88	88	4	>	>	NOUN
esutjss-88	88	5	0	0	NUM
esutjss-88	88	6	.	.	PUNCT
esutjss-88	88	7	broad	broad	ADJ
esutjss-88	88	8	money	money	NOUN
esutjss-88	88	9	supply	supply	NOUN
esutjss-88	88	10	(	(	PUNCT
esutjss-88	88	11	m2	m2	PROPN
esutjss-88	88	12	/	/	SYM
esutjss-88	88	13	gdp	gdp	PROPN
esutjss-88	88	14	)	)	PUNCT
esutjss-88	88	15	the	the	DET
esutjss-88	88	16	broad	broad	ADJ
esutjss-88	88	17	money	money	NOUN
esutjss-88	88	18	supply	supply	NOUN
esutjss-88	88	19	is	be	AUX
esutjss-88	88	20	among	among	ADP
esutjss-88	88	21	the	the	DET
esutjss-88	88	22	measures	measure	NOUN
esutjss-88	88	23	of	of	ADP
esutjss-88	88	24	financial	financial	ADJ
esutjss-88	88	25	deepening	deepening	NOUN
esutjss-88	88	26	of	of	ADP
esutjss-88	88	27	the	the	DET
esutjss-88	88	28	money	money	NOUN
esutjss-88	88	29	market	market	NOUN
esutjss-88	88	30	reforms	reform	NOUN
esutjss-88	88	31	.	.	PUNCT
esutjss-88	89	1	the	the	DET
esutjss-88	89	2	broad	broad	ADJ
esutjss-88	89	3	money	money	NOUN
esutjss-88	89	4	supply	supply	NOUN
esutjss-88	89	5	involves	involve	VERB
esutjss-88	89	6	currency	currency	NOUN
esutjss-88	89	7	in	in	ADP
esutjss-88	89	8	circulation	circulation	NOUN
esutjss-88	89	9	and	and	CCONJ
esutjss-88	89	10	all	all	DET
esutjss-88	89	11	reserve	reserve	NOUN
esutjss-88	89	12	balances	balance	NOUN
esutjss-88	89	13	/	/	SYM
esutjss-88	89	14	deposits	deposit	NOUN
esutjss-88	89	15	held	hold	VERB
esutjss-88	89	16	by	by	ADP
esutjss-88	89	17	money	money	NOUN
esutjss-88	89	18	bank	bank	NOUN
esutjss-88	89	19	financial	financial	ADJ
esutjss-88	89	20	institutions	institution	NOUN
esutjss-88	89	21	in	in	ADP
esutjss-88	89	22	ecowas	ecowas	PROPN
esutjss-88	89	23	countries	country	NOUN
esutjss-88	89	24	.	.	PUNCT
esutjss-88	90	1	it	it	PRON
esutjss-88	90	2	is	be	AUX
esutjss-88	90	3	the	the	DET
esutjss-88	90	4	overall	overall	ADJ
esutjss-88	90	5	money	money	NOUN
esutjss-88	90	6	held	hold	VERB
esutjss-88	90	7	by	by	ADP
esutjss-88	90	8	the	the	DET
esutjss-88	90	9	ecowas	ecowas	PROPN
esutjss-88	90	10	countries	countries	PROPN
esutjss-88	90	11	country	country	NOUN
esutjss-88	90	12	in	in	ADP
esutjss-88	90	13	the	the	DET
esutjss-88	90	14	form	form	NOUN
esutjss-88	90	15	of	of	ADP
esutjss-88	90	16	liquid	liquid	ADJ
esutjss-88	90	17	instruments	instrument	NOUN
esutjss-88	90	18	for	for	ADP
esutjss-88	90	19	a	a	DET
esutjss-88	90	20	specified	specify	VERB
esutjss-88	90	21	time	time	NOUN
esutjss-88	90	22	.	.	PUNCT
esutjss-88	91	1	the	the	DET
esutjss-88	91	2	broad	broad	ADJ
esutjss-88	91	3	money	money	NOUN
esutjss-88	91	4	supply	supply	NOUN
esutjss-88	91	5	also	also	ADV
esutjss-88	91	6	includes	include	VERB
esutjss-88	91	7	balances	balance	NOUN
esutjss-88	91	8	held	hold	VERB
esutjss-88	91	9	in	in	ADP
esutjss-88	91	10	cheques	cheque	NOUN
esutjss-88	91	11	and	and	CCONJ
esutjss-88	91	12	savings	saving	NOUN
esutjss-88	91	13	accounts	account	NOUN
esutjss-88	91	14	,	,	PUNCT
esutjss-88	91	15	cash	cash	NOUN
esutjss-88	91	16	and	and	CCONJ
esutjss-88	91	17	coins	coin	NOUN
esutjss-88	91	18	.	.	PUNCT
esutjss-88	92	1	brookin	brookin	NOUN
esutjss-88	92	2	(	(	PUNCT
esutjss-88	92	3	2001	2001	NUM
esutjss-88	92	4	)	)	PUNCT
esutjss-88	92	5	;	;	PUNCT
esutjss-88	92	6	narayan	narayan	PROPN
esutjss-88	92	7	&	&	CCONJ
esutjss-88	92	8	siyabi	siyabi	PROPN
esutjss-88	92	9	(	(	PUNCT
esutjss-88	92	10	2005	2005	NUM
esutjss-88	92	11	)	)	PUNCT
esutjss-88	92	12	,	,	PUNCT
esutjss-88	92	13	concludes	conclude	VERB
esutjss-88	92	14	on	on	ADP
esutjss-88	92	15	the	the	DET
esutjss-88	92	16	inverse	inverse	NOUN
esutjss-88	92	17	connection	connection	NOUN
esutjss-88	92	18	with	with	ADP
esutjss-88	92	19	aggregate	aggregate	ADJ
esutjss-88	92	20	savings	saving	NOUN
esutjss-88	92	21	.	.	PUNCT
esutjss-88	93	1	conversely	conversely	ADV
esutjss-88	93	2	,	,	PUNCT
esutjss-88	93	3	money	money	NOUN
esutjss-88	93	4	supply	supply	NOUN
esutjss-88	93	5	growth	growth	NOUN
esutjss-88	93	6	has	have	VERB
esutjss-88	93	7	positive	positive	ADJ
esutjss-88	93	8	effect	effect	NOUN
esutjss-88	93	9	on	on	ADP
esutjss-88	93	10	gross	gross	ADJ
esutjss-88	93	11	domestic	domestic	ADJ
esutjss-88	93	12	savings	saving	NOUN
esutjss-88	93	13	(	(	PUNCT
esutjss-88	93	14	khan	khan	PROPN
esutjss-88	93	15	,	,	PUNCT
esutjss-88	93	16	teng	teng	PROPN
esutjss-88	93	17	,	,	PUNCT
esutjss-88	93	18	khan	khan	PROPN
esutjss-88	93	19	,	,	PUNCT
esutjss-88	93	20	jadron&rehan	jadron&rehan	ADV
esutjss-88	93	21	,	,	PUNCT
esutjss-88	93	22	2017	2017	NUM
esutjss-88	93	23	)	)	PUNCT
esutjss-88	93	24	.	.	PUNCT
esutjss-88	94	1	the	the	DET
esutjss-88	94	2	study	study	NOUN
esutjss-88	94	3	hypothesizes	hypothesize	VERB
esutjss-88	94	4	a	a	DET
esutjss-88	94	5	positive	positive	ADJ
esutjss-88	94	6	relationship	relationship	NOUN
esutjss-88	94	7	between	between	ADP
esutjss-88	94	8	broad	broad	ADJ
esutjss-88	94	9	money	money	NOUN
esutjss-88	94	10	supply	supply	NOUN
esutjss-88	94	11	and	and	CCONJ
esutjss-88	94	12	gross	gross	ADJ
esutjss-88	94	13	domestic	domestic	ADJ
esutjss-88	94	14	savings	saving	NOUN
esutjss-88	94	15	.	.	PUNCT
esutjss-88	95	1	a	a	DET
esutjss-88	95	2	positive	positive	ADJ
esutjss-88	95	3	relationship	relationship	NOUN
esutjss-88	95	4	is	be	AUX
esutjss-88	95	5	expected	expect	VERB
esutjss-88	95	6	such	such	ADJ
esutjss-88	95	7	that	that	DET
esutjss-88	95	8	α4>0.population	α4>0.population	NOUN
esutjss-88	95	9	growth	growth	NOUN
esutjss-88	95	10	entered	enter	VERB
esutjss-88	95	11	into	into	ADP
esutjss-88	95	12	the	the	DET
esutjss-88	95	13	model	model	NOUN
esutjss-88	95	14	as	as	ADP
esutjss-88	95	15	a	a	DET
esutjss-88	95	16	control	control	NOUN
esutjss-88	95	17	variable	variable	NOUN
esutjss-88	95	18	and	and	CCONJ
esutjss-88	95	19	is	be	AUX
esutjss-88	95	20	measured	measure	VERB
esutjss-88	95	21	by	by	ADP
esutjss-88	95	22	labour	labour	ADJ
esutjss-88	95	23	force	force	NOUN
esutjss-88	95	24	rate	rate	NOUN
esutjss-88	95	25	.	.	PUNCT
esutjss-88	96	1	this	this	PRON
esutjss-88	96	2	refers	refer	VERB
esutjss-88	96	3	to	to	ADP
esutjss-88	96	4	the	the	DET
esutjss-88	96	5	increase	increase	NOUN
esutjss-88	96	6	in	in	ADP
esutjss-88	96	7	the	the	DET
esutjss-88	96	8	number	number	NOUN
esutjss-88	96	9	of	of	ADP
esutjss-88	96	10	individuals	individual	NOUN
esutjss-88	96	11	in	in	ADP
esutjss-88	96	12	a	a	DET
esutjss-88	96	13	population	population	NOUN
esutjss-88	96	14	.	.	PUNCT
esutjss-88	97	1	the	the	DET
esutjss-88	97	2	effect	effect	NOUN
esutjss-88	97	3	of	of	ADP
esutjss-88	97	4	population	population	NOUN
esutjss-88	97	5	growth	growth	NOUN
esutjss-88	97	6	,	,	PUNCT
esutjss-88	97	7	say	say	INTJ
esutjss-88	97	8	,	,	PUNCT
esutjss-88	97	9	family	family	NOUN
esutjss-88	97	10	size	size	NOUN
esutjss-88	97	11	on	on	ADP
esutjss-88	97	12	household	household	NOUN
esutjss-88	97	13	saving	saving	NOUN
esutjss-88	97	14	can	can	AUX
esutjss-88	97	15	be	be	AUX
esutjss-88	97	16	negative	negative	ADJ
esutjss-88	97	17	,	,	PUNCT
esutjss-88	97	18	negligible	negligible	ADJ
esutjss-88	97	19	or	or	CCONJ
esutjss-88	97	20	positive	positive	ADJ
esutjss-88	97	21	.	.	PUNCT
esutjss-88	98	1	for	for	ADP
esutjss-88	98	2	example	example	NOUN
esutjss-88	98	3	,	,	PUNCT
esutjss-88	98	4	a	a	DET
esutjss-88	98	5	positive	positive	ADJ
esutjss-88	98	6	effect	effect	NOUN
esutjss-88	98	7	of	of	ADP
esutjss-88	98	8	children	child	NOUN
esutjss-88	98	9	on	on	ADP
esutjss-88	98	10	saving	save	VERB
esutjss-88	98	11	can	can	AUX
esutjss-88	98	12	result	result	VERB
esutjss-88	98	13	if	if	SCONJ
esutjss-88	98	14	their	their	PRON
esutjss-88	98	15	presence	presence	NOUN
esutjss-88	98	16	increases	increase	VERB
esutjss-88	98	17	family	family	NOUN
esutjss-88	98	18	income	income	NOUN
esutjss-88	98	19	more	more	ADJ
esutjss-88	98	20	than	than	ADP
esutjss-88	98	21	their	their	PRON
esutjss-88	98	22	effect	effect	NOUN
esutjss-88	98	23	on	on	ADP
esutjss-88	98	24	domestic	domestic	ADJ
esutjss-88	98	25	savings	saving	NOUN
esutjss-88	98	26	consumption	consumption	NOUN
esutjss-88	98	27	.	.	PUNCT
esutjss-88	99	1	population	population	NOUN
esutjss-88	99	2	growth	growth	NOUN
esutjss-88	99	3	could	could	AUX
esutjss-88	99	4	lead	lead	VERB
esutjss-88	99	5	to	to	PART
esutjss-88	99	6	increase	increase	VERB
esutjss-88	99	7	in	in	ADP
esutjss-88	99	8	saving	save	VERB
esutjss-88	99	9	through	through	ADP
esutjss-88	99	10	the	the	DET
esutjss-88	99	11	growth	growth	NOUN
esutjss-88	99	12	effect	effect	NOUN
esutjss-88	99	13	or	or	CCONJ
esutjss-88	99	14	a	a	DET
esutjss-88	99	15	decrease	decrease	NOUN
esutjss-88	99	16	in	in	ADP
esutjss-88	99	17	saving	save	VERB
esutjss-88	99	18	through	through	ADP
esutjss-88	99	19	the	the	DET
esutjss-88	99	20	dependency	dependency	NOUN
esutjss-88	99	21	effect	effect	NOUN
esutjss-88	99	22	.	.	PUNCT
esutjss-88	100	1	financial	financial	ADJ
esutjss-88	100	2	liberalization	liberalization	NOUN
esutjss-88	100	3	dummy	dummy	NOUN
esutjss-88	100	4	(	(	PUNCT
esutjss-88	100	5	finldum	finldum	NOUN
esutjss-88	100	6	:	:	PUNCT
esutjss-88	100	7	a	a	DET
esutjss-88	100	8	control	control	NOUN
esutjss-88	100	9	variable	variable	NOUN
esutjss-88	100	10	in	in	ADP
esutjss-88	100	11	the	the	DET
esutjss-88	100	12	model	model	NOUN
esutjss-88	100	13	.	.	PUNCT
esutjss-88	101	1	a	a	DET
esutjss-88	101	2	dummy	dummy	NOUN
esutjss-88	101	3	for	for	ADP
esutjss-88	101	4	monetary	monetary	ADJ
esutjss-88	101	5	sector	sector	NOUN
esutjss-88	101	6	financial	financial	ADJ
esutjss-88	101	7	reforms	reform	NOUN
esutjss-88	101	8	,	,	PUNCT
esutjss-88	101	9	it	it	PRON
esutjss-88	101	10	captures	capture	VERB
esutjss-88	101	11	the	the	DET
esutjss-88	101	12	liberalization	liberalization	NOUN
esutjss-88	101	13	policy	policy	NOUN
esutjss-88	101	14	regimes	regime	NOUN
esutjss-88	101	15	in	in	ADP
esutjss-88	101	16	the	the	DET
esutjss-88	101	17	ecowas	ecowas	PROPN
esutjss-88	101	18	countries	country	NOUN
esutjss-88	101	19	.	.	PUNCT
esutjss-88	102	1	these	these	DET
esutjss-88	102	2	reforms	reform	NOUN
esutjss-88	102	3	periods	period	VERB
esutjss-88	102	4	should	should	AUX
esutjss-88	102	5	,	,	PUNCT
esutjss-88	102	6	in	in	ADP
esutjss-88	102	7	particular	particular	ADJ
esutjss-88	102	8	,	,	PUNCT
esutjss-88	102	9	include	include	VERB
esutjss-88	102	10	policies	policy	NOUN
esutjss-88	102	11	that	that	PRON
esutjss-88	102	12	should	should	AUX
esutjss-88	102	13	induce	induce	VERB
esutjss-88	102	14	higher	high	ADJ
esutjss-88	102	15	growth	growth	NOUN
esutjss-88	102	16	thereby	thereby	ADV
esutjss-88	102	17	generating	generate	VERB
esutjss-88	102	18	savings	saving	NOUN
esutjss-88	102	19	and	and	CCONJ
esutjss-88	102	20	investment	investment	NOUN
esutjss-88	102	21	.	.	PUNCT
esutjss-88	103	1	in	in	ADP
esutjss-88	103	2	relevant	relevant	ADJ
esutjss-88	103	3	studies	study	NOUN
esutjss-88	103	4	,	,	PUNCT
esutjss-88	103	5	akinsola	akinsola	PROPN
esutjss-88	103	6	,	,	PUNCT
esutjss-88	103	7	odhiambo	odhiambo	PROPN
esutjss-88	103	8	&	&	CCONJ
esutjss-88	103	9	mcmillan	mcmillan	PROPN
esutjss-88	103	10	(	(	PUNCT
esutjss-88	103	11	2017	2017	NUM
esutjss-88	103	12	)	)	PUNCT
esutjss-88	103	13	found	find	VERB
esutjss-88	103	14	a	a	DET
esutjss-88	103	15	negative	negative	ADJ
esutjss-88	103	16	result	result	NOUN
esutjss-88	103	17	for	for	ADP
esutjss-88	103	18	low	low	ADJ
esutjss-88	103	19	-	-	PUNCT
esutjss-88	103	20	income	income	NOUN
esutjss-88	103	21	countries	country	NOUN
esutjss-88	103	22	.	.	PUNCT
esutjss-88	104	1	on	on	ADP
esutjss-88	104	2	the	the	DET
esutjss-88	104	3	other	other	ADJ
esutjss-88	104	4	hand	hand	NOUN
esutjss-88	104	5	,	,	PUNCT
esutjss-88	104	6	(	(	PUNCT
esutjss-88	104	7	kunt	kunt	PROPN
esutjss-88	104	8	&	&	CCONJ
esutjss-88	104	9	demigrunt	demigrunt	PROPN
esutjss-88	104	10	,	,	PUNCT
esutjss-88	104	11	1998	1998	NUM
esutjss-88	104	12	)	)	PUNCT
esutjss-88	104	13	found	find	VERB
esutjss-88	104	14	out	out	ADP
esutjss-88	104	15	that	that	SCONJ
esutjss-88	104	16	the	the	DET
esutjss-88	104	17	different	different	ADJ
esutjss-88	104	18	policies	policy	NOUN
esutjss-88	104	19	are	be	AUX
esutjss-88	104	20	strongly	strongly	ADV
esutjss-88	104	21	and	and	CCONJ
esutjss-88	104	22	positively	positively	ADV
esutjss-88	104	23	correlated	correlate	VERB
esutjss-88	104	24	with	with	ADP
esutjss-88	104	25	the	the	DET
esutjss-88	104	26	indicators	indicator	NOUN
esutjss-88	104	27	of	of	ADP
esutjss-88	104	28	measurement	measurement	NOUN
esutjss-88	104	29	.	.	PUNCT
esutjss-88	105	1	it	it	PRON
esutjss-88	105	2	is	be	AUX
esutjss-88	105	3	expected	expect	VERB
esutjss-88	105	4	that	that	SCONJ
esutjss-88	105	5	these	these	DET
esutjss-88	105	6	policy	policy	NOUN
esutjss-88	105	7	regimes	regime	NOUN
esutjss-88	105	8	have	have	VERB
esutjss-88	105	9	positive	positive	ADJ
esutjss-88	105	10	effect	effect	NOUN
esutjss-88	105	11	on	on	ADP
esutjss-88	105	12	household	household	NOUN
esutjss-88	105	13	saving	saving	NOUN
esutjss-88	105	14	.	.	PUNCT
esutjss-88	106	1	results	result	NOUN
esutjss-88	106	2	,	,	PUNCT
esutjss-88	106	3	analysis	analysis	NOUN
esutjss-88	106	4	and	and	CCONJ
esutjss-88	106	5	discussion	discussion	NOUN
esutjss-88	106	6	of	of	ADP
esutjss-88	106	7	findings	finding	NOUN
esutjss-88	106	8	summary	summary	NOUN
esutjss-88	106	9	of	of	ADP
esutjss-88	106	10	descriptive	descriptive	ADJ
esutjss-88	106	11	statistics	statistic	NOUN
esutjss-88	106	12	table	table	NOUN
esutjss-88	106	13	1	1	NUM
esutjss-88	106	14	:	:	PUNCT
esutjss-88	106	15	summary	summary	NOUN
esutjss-88	106	16	of	of	ADP
esutjss-88	106	17	descriptive	descriptive	ADJ
esutjss-88	106	18	statistics	statistic	NOUN
esutjss-88	106	19	hhs	hhs	PROPN
esutjss-88	106	20	bms	bms	PROPN
esutjss-88	106	21	dcr	dcr	PROPN
esutjss-88	106	22	irs	irs	PROPN
esutjss-88	106	23	ggdpgcfcflib	ggdpgcfcflib	NOUN
esutjss-88	106	24	mean	mean	VERB
esutjss-88	106	25	4.242608	4.242608	NUM
esutjss-88	107	1	27.47	27.47	NUM
esutjss-88	107	2	115.4958	115.4958	NUM
esutjss-88	107	3	8.66	8.66	NUM
esutjss-88	107	4	3.36266	3.36266	NUM
esutjss-88	107	5	4.34	4.34	NUM
esutjss-88	107	6	0.764103	0.764103	NUM
esutjss-88	107	7	median	median	NOUN
esutjss-88	107	8	11.59121	11.59121	NUM
esutjss-88	107	9	26.38	26.38	NUM
esutjss-88	107	10	24.56837	24.56837	NUM
esutjss-88	107	11	8.7	8.7	NUM
esutjss-88	107	12	4.000000	4.000000	NUM
esutjss-88	107	13	5.79	5.79	NUM
esutjss-88	107	14	1.000000	1.000000	NUM
esutjss-88	107	15	maximum	maximum	NOUN
esutjss-88	107	16	39.31757	39.31757	NUM
esutjss-88	107	17	101.8	101.8	NUM
esutjss-88	107	18	3170.321	3170.321	NUM
esutjss-88	107	19	16.2	16.2	NUM
esutjss-88	107	20	106.2798	106.2798	NUM
esutjss-88	107	21	123	123	NUM
esutjss-88	107	22	1.000000	1.000000	NUM
esutjss-88	107	23	minimum	minimum	NOUN
esutjss-88	107	24	-152.5373	-152.5373	NUM
esutjss-88	107	25	8.89	8.89	NUM
esutjss-88	107	26	-26.65229	-26.65229	SYM
esutjss-88	107	27	0.31	0.31	NUM
esutjss-88	107	28	-51.03086	-51.03086	NUM
esutjss-88	107	29	0.45	0.45	NUM
esutjss-88	107	30	0.000000	0.000000	NUM
esutjss-88	107	31	std	std	NOUN
esutjss-88	107	32	.	.	PUNCT
esutjss-88	108	1	dev	dev	PROPN
esutjss-88	108	2	.	.	PROPN
esutjss-88	109	1	31.89767	31.89767	NUM
esutjss-88	109	2	10.2	10.2	NUM
esutjss-88	109	3	350.5593	350.5593	NUM
esutjss-88	109	4	3.13	3.13	NUM
esutjss-88	109	5	11.36628	11.36628	NUM
esutjss-88	109	6	12.4	12.4	NUM
esutjss-88	109	7	0.425651	0.425651	NUM
esutjss-88	109	8	skewness	skewness	NOUN
esutjss-88	109	9	-3.093106	-3.093106	NOUN
esutjss-88	110	1	2.3	2.3	NUM
esutjss-88	110	2	5.488374	5.488374	NUM
esutjss-88	110	3	-0.14	-0.14	NUM
esutjss-88	110	4	2.813243	2.813243	NUM
esutjss-88	110	5	11.0	11.0	NUM
esutjss-88	110	6	-1.244128	-1.244128	NOUN
esutjss-88	110	7	kurtosis	kurtosis	NOUN
esutjss-88	110	8	12.68144	12.68144	NUM
esutjss-88	110	9	16.1	16.1	NUM
esutjss-88	110	10	38.23734	38.23734	NUM
esutjss-88	110	11	2.6	2.6	NUM
esutjss-88	110	12	40.22144	40.22144	NUM
esutjss-88	110	13	57.2	57.2	NUM
esutjss-88	110	14	2.547855	2.547855	NUM
esutjss-88	110	15	tarque	tarque	ADJ
esutjss-88	110	16	-	-	PUNCT
esutjss-88	110	17	bera	bera	NOUN
esutjss-88	110	18	1072.495	1072.495	NUM
esutjss-88	110	19	1645	1645	NUM
esutjss-88	110	20	11067.54	11067.54	NUM
esutjss-88	110	21	0.34	0.34	NUM
esutjss-88	110	22	11513.88	11513.88	NUM
esutjss-88	110	23	65.1	65.1	NUM
esutjss-88	110	24	51.96633	51.96633	NUM
esutjss-88	110	25	probability	probability	NOUN
esutjss-88	110	26	0.000000	0.000000	NUM
esutjss-88	110	27	0.0	0.0	NUM
esutjss-88	110	28	0.000000	0.000000	NUM
esutjss-88	110	29	1689	1689	NUM
esutjss-88	110	30	0.000000	0.000000	NUM
esutjss-88	110	31	75.2	75.2	NUM
esutjss-88	110	32	0.000000	0.000000	NUM
esutjss-88	110	33	sum	sum	NOUN
esutjss-88	110	34	827.3085	827.3085	NUM
esutjss-88	110	35	5357	5357	NUM
esutjss-88	110	36	22521.67	22521.67	NUM
esutjss-88	110	37	1903	1903	NUM
esutjss-88	110	38	655.7394	655.7394	NUM
esutjss-88	110	39	438.4	438.4	NUM
esutjss-88	110	40	149.0000	149.0000	NUM
esutjss-88	110	41	sum	sum	NOUN
esutjss-88	110	42	sq.dev	sq.dev	PROPN
esutjss-88	110	43	.	.	PUNCT
esutjss-88	111	1	19737.5	19737.5	NUM
esutjss-88	111	2	20305	20305	NUM
esutjss-88	111	3	23841.0070.234	23841.0070.234	NUM
esutjss-88	111	4	2.5063.30	2.5063.30	NUM
esutjss-88	111	5	1867	1867	NUM
esutjss-88	111	6	35.14872	35.14872	NUM
esutjss-88	111	7	observation	observation	NOUN
esutjss-88	111	8	195	195	NUM
esutjss-88	111	9	195	195	NUM
esutjss-88	111	10	195	195	NUM
esutjss-88	111	11	195	195	NUM
esutjss-88	111	12	195	195	NUM
esutjss-88	111	13	195	195	NUM
esutjss-88	111	14	195	195	NUM
esutjss-88	111	15	note	note	NOUN
esutjss-88	111	16	:	:	PUNCT
esutjss-88	111	17	hhs	hhs	PROPN
esutjss-88	111	18	:	:	PUNCT
esutjss-88	111	19	household	household	NOUN
esutjss-88	111	20	savings	saving	NOUN
esutjss-88	111	21	,	,	PUNCT
esutjss-88	111	22	domestic	domestic	ADJ
esutjss-88	111	23	credit	credit	NOUN
esutjss-88	111	24	,	,	PUNCT
esutjss-88	111	25	interest	interest	NOUN
esutjss-88	111	26	rate	rate	NOUN
esutjss-88	111	27	spread	spread	VERB
esutjss-88	111	28	,	,	PUNCT
esutjss-88	111	29	broad	broad	ADJ
esutjss-88	111	30	money	money	NOUN
esutjss-88	111	31	supply	supply	NOUN
esutjss-88	111	32	)	)	PUNCT
esutjss-88	111	33	,	,	PUNCT
esutjss-88	111	34	ggdp	ggdp	NOUN
esutjss-88	111	35	,	,	PUNCT
esutjss-88	111	36	economic	economic	ADJ
esutjss-88	111	37	growth	growth	NOUN
esutjss-88	111	38	,	,	PUNCT
esutjss-88	111	39	flib	flib	NOUN
esutjss-88	111	40	,	,	PUNCT
esutjss-88	111	41	financial	financial	ADJ
esutjss-88	111	42	liberalization	liberalization	NOUN
esutjss-88	111	43	dummy).significance	dummy).significance	NOUN
esutjss-88	111	44	level	level	NOUN
esutjss-88	111	45	;	;	PUNCT
esutjss-88	111	46	5	5	NUM
esutjss-88	111	47	%	%	NOUN
esutjss-88	111	48	source	source	NOUN
esutjss-88	111	49	:	:	PUNCT
esutjss-88	111	50	authors	author	NOUN
esutjss-88	111	51	computation	computation	VERB
esutjss-88	111	52	using	use	VERB
esutjss-88	111	53	econometric	econometric	ADJ
esutjss-88	111	54	view	view	NOUN
esutjss-88	111	55	11.0	11.0	NUM
esutjss-88	111	56	table	table	NOUN
esutjss-88	111	57	1	1	NUM
esutjss-88	111	58	.	.	PUNCT
esutjss-88	112	1	present	present	VERB
esutjss-88	112	2	the	the	DET
esutjss-88	112	3	descriptive	descriptive	ADJ
esutjss-88	112	4	statistic	statistic	NOUN
esutjss-88	112	5	of	of	ADP
esutjss-88	112	6	the	the	DET
esutjss-88	112	7	model	model	NOUN
esutjss-88	112	8	variables	variable	NOUN
esutjss-88	112	9	for	for	ADP
esutjss-88	112	10	household	household	NOUN
esutjss-88	112	11	savings	saving	NOUN
esutjss-88	112	12	(	(	PUNCT
esutjss-88	112	13	%	%	NOUN
esutjss-88	112	14	of	of	ADP
esutjss-88	112	15	gdp	gdp	NOUN
esutjss-88	112	16	)	)	PUNCT
esutjss-88	112	17	,	,	PUNCT
esutjss-88	112	18	financial	financial	ADJ
esutjss-88	112	19	index	index	NOUN
esutjss-88	112	20	of	of	ADP
esutjss-88	112	21	domestic	domestic	ADJ
esutjss-88	112	22	credit	credit	NOUN
esutjss-88	112	23	(	(	PUNCT
esutjss-88	112	24	%	%	NOUN
esutjss-88	112	25	of	of	ADP
esutjss-88	112	26	gdp	gdp	NOUN
esutjss-88	112	27	,	,	PUNCT
esutjss-88	112	28	interest	interest	NOUN
esutjss-88	112	29	rate	rate	NOUN
esutjss-88	112	30	spread	spread	NOUN
esutjss-88	112	31	(	(	PUNCT
esutjss-88	112	32	lending	lending	NOUN
esutjss-88	112	33	-	-	PUNCT
esutjss-88	112	34	deposit	deposit	NOUN
esutjss-88	112	35	rate	rate	NOUN
esutjss-88	112	36	)	)	PUNCT
esutjss-88	112	37	,	,	PUNCT
esutjss-88	112	38	and	and	CCONJ
esutjss-88	112	39	broad	broad	ADJ
esutjss-88	112	40	money	money	NOUN
esutjss-88	112	41	supply	supply	NOUN
esutjss-88	112	42	(	(	PUNCT
esutjss-88	112	43	%	%	NOUN
esutjss-88	112	44	of	of	ADP
esutjss-88	112	45	gdp	gdp	NOUN
esutjss-88	112	46	)	)	PUNCT
esutjss-88	112	47	,	,	PUNCT
esutjss-88	112	48	growth	growth	NOUN
esutjss-88	112	49	of	of	ADP
esutjss-88	112	50	gdp	gdp	NOUN
esutjss-88	112	51	in	in	ADP
esutjss-88	112	52	annual	annual	ADJ
esutjss-88	112	53	percentage	percentage	NOUN
esutjss-88	112	54	(	(	PUNCT
esutjss-88	112	55	ggdp	ggdp	NOUN
esutjss-88	112	56	)	)	PUNCT
esutjss-88	112	57	and	and	CCONJ
esutjss-88	112	58	financial	financial	ADJ
esutjss-88	112	59	liberalization	liberalization	NOUN
esutjss-88	112	60	dummy	dummy	NOUN
esutjss-88	112	61	(	(	PUNCT
esutjss-88	112	62	flib	flib	NOUN
esutjss-88	112	63	)	)	PUNCT
esutjss-88	112	64	.	.	PUNCT
esutjss-88	113	1	the	the	DET
esutjss-88	113	2	summary	summary	NOUN
esutjss-88	113	3	statistics	statistic	NOUN
esutjss-88	113	4	indicate	indicate	VERB
esutjss-88	113	5	the	the	DET
esutjss-88	113	6	existence	existence	NOUN
esutjss-88	113	7	of	of	ADP
esutjss-88	113	8	wide	wide	ADJ
esutjss-88	113	9	variations	variation	NOUN
esutjss-88	113	10	in	in	ADP
esutjss-88	113	11	the	the	DET
esutjss-88	113	12	variables	variable	NOUN
esutjss-88	113	13	.	.	PUNCT
esutjss-88	114	1	for	for	ADP
esutjss-88	114	2	instance	instance	NOUN
esutjss-88	114	3	,	,	PUNCT
esutjss-88	114	4	the	the	DET
esutjss-88	114	5	average	average	ADJ
esutjss-88	114	6	household	household	NOUN
esutjss-88	114	7	savings	saving	NOUN
esutjss-88	114	8	rate	rate	NOUN
esutjss-88	114	9	for	for	ADP
esutjss-88	114	10	the	the	DET
esutjss-88	114	11	1981	1981	NUM
esutjss-88	114	12	to	to	ADP
esutjss-88	114	13	2019	2019	NUM
esutjss-88	114	14	periods	period	NOUN
esutjss-88	114	15	was	be	AUX
esutjss-88	114	16	4.21	4.21	NUM
esutjss-88	114	17	percent	percent	NOUN
esutjss-88	114	18	compared	compare	VERB
esutjss-88	114	19	to	to	ADP
esutjss-88	114	20	115.4	115.4	NUM
esutjss-88	114	21	,	,	PUNCT
esutjss-88	114	22	3.36	3.36	NUM
esutjss-88	114	23	and	and	CCONJ
esutjss-88	114	24	0.76	0.76	NUM
esutjss-88	114	25	percentage	percentage	NOUN
esutjss-88	114	26	points	point	NOUN
esutjss-88	114	27	for	for	ADP
esutjss-88	114	28	financial	financial	ADJ
esutjss-88	114	29	index	index	NOUN
esutjss-88	114	30	variables	variable	NOUN
esutjss-88	114	31	,	,	PUNCT
esutjss-88	114	32	growth	growth	NOUN
esutjss-88	114	33	rate	rate	NOUN
esutjss-88	114	34	and	and	CCONJ
esutjss-88	114	35	the	the	DET
esutjss-88	114	36	financial	financial	ADJ
esutjss-88	114	37	liberalization	liberalization	NOUN
esutjss-88	114	38	dummy	dummy	NOUN
esutjss-88	114	39	.	.	PUNCT
esutjss-88	115	1	the	the	DET
esutjss-88	115	2	maximum	maximum	NOUN
esutjss-88	115	3	for	for	ADP
esutjss-88	115	4	household	household	NOUN
esutjss-88	115	5	savings	saving	NOUN
esutjss-88	115	6	was	be	AUX
esutjss-88	115	7	39.32	39.32	NUM
esutjss-88	115	8	,	,	PUNCT
esutjss-88	115	9	3170	3170	NUM
esutjss-88	115	10	for	for	ADP
esutjss-88	115	11	the	the	DET
esutjss-88	115	12	index	index	NOUN
esutjss-88	115	13	106.3	106.3	NUM
esutjss-88	115	14	for	for	ADP
esutjss-88	115	15	the	the	DET
esutjss-88	115	16	growth	growth	NOUN
esutjss-88	115	17	rate	rate	NOUN
esutjss-88	115	18	and	and	CCONJ
esutjss-88	115	19	1.0	1.0	NUM
esutjss-88	115	20	for	for	ADP
esutjss-88	115	21	the	the	DET
esutjss-88	115	22	liberalization	liberalization	NOUN
esutjss-88	115	23	dummy	dummy	NOUN
esutjss-88	115	24	.	.	PUNCT
esutjss-88	116	1	similarly	similarly	ADV
esutjss-88	116	2	,	,	PUNCT
esutjss-88	116	3	the	the	DET
esutjss-88	116	4	minimum	minimum	NOUN
esutjss-88	116	5	ranges	range	VERB
esutjss-88	116	6	from	from	ADP
esutjss-88	116	7	-152.5	-152.5	PROPN
esutjss-88	116	8	to	to	ADP
esutjss-88	116	9	0.00	0.00	NUM
esutjss-88	116	10	for	for	ADP
esutjss-88	116	11	household	household	NOUN
esutjss-88	116	12	savings	saving	NOUN
esutjss-88	116	13	,	,	PUNCT
esutjss-88	116	14	the	the	DET
esutjss-88	116	15	financial	financial	ADJ
esutjss-88	116	16	liberalization	liberalization	NOUN
esutjss-88	116	17	index	index	NOUN
esutjss-88	116	18	,	,	PUNCT
esutjss-88	116	19	growth	growth	NOUN
esutjss-88	116	20	rate	rate	NOUN
esutjss-88	116	21	and	and	CCONJ
esutjss-88	116	22	liberalization	liberalization	NOUN
esutjss-88	116	23	dummy	dummy	NOUN
esutjss-88	116	24	.	.	PUNCT
esutjss-88	117	1	the	the	DET
esutjss-88	117	2	skewness	skewness	NOUN
esutjss-88	117	3	statistics	statistic	NOUN
esutjss-88	117	4	showed	show	VERB
esutjss-88	117	5	that	that	SCONJ
esutjss-88	117	6	with	with	ADP
esutjss-88	117	7	the	the	DET
esutjss-88	117	8	exception	exception	NOUN
esutjss-88	117	9	of	of	ADP
esutjss-88	117	10	household	household	NOUN
esutjss-88	117	11	savings	saving	NOUN
esutjss-88	117	12	and	and	CCONJ
esutjss-88	117	13	liberalization	liberalization	NOUN
esutjss-88	117	14	dummy	dummy	NOUN
esutjss-88	117	15	with	with	ADP
esutjss-88	117	16	negative	negative	ADJ
esutjss-88	117	17	values	value	NOUN
esutjss-88	117	18	,	,	PUNCT
esutjss-88	117	19	the	the	DET
esutjss-88	117	20	others	other	NOUN
esutjss-88	117	21	,	,	PUNCT
esutjss-88	117	22	financial	financial	ADJ
esutjss-88	117	23	index	index	NOUN
esutjss-88	117	24	and	and	CCONJ
esutjss-88	117	25	growth	growth	NOUN
esutjss-88	117	26	were	be	AUX
esutjss-88	117	27	positive	positive	ADJ
esutjss-88	117	28	.	.	PUNCT
esutjss-88	118	1	the	the	DET
esutjss-88	118	2	kurtosis	kurtosis	NOUN
esutjss-88	118	3	statistics	statistic	NOUN
esutjss-88	118	4	showed	show	VERB
esutjss-88	118	5	that	that	SCONJ
esutjss-88	118	6	the	the	DET
esutjss-88	118	7	values	value	NOUN
esutjss-88	118	8	of	of	ADP
esutjss-88	118	9	the	the	DET
esutjss-88	118	10	data	datum	NOUN
esutjss-88	118	11	ranges	range	VERB
esutjss-88	118	12	from	from	ADP
esutjss-88	118	13	12.6	12.6	NUM
esutjss-88	118	14	to	to	ADP
esutjss-88	118	15	2.54	2.54	NUM
esutjss-88	118	16	suggesting	suggest	VERB
esutjss-88	118	17	that	that	SCONJ
esutjss-88	118	18	the	the	DET
esutjss-88	118	19	variables	variable	NOUN
esutjss-88	118	20	are	be	AUX
esutjss-88	118	21	leptokurtic	leptokurtic	ADJ
esutjss-88	118	22	,	,	PUNCT
esutjss-88	118	23	i.e	i.e	PRON
esutjss-88	118	24	,	,	PUNCT
esutjss-88	118	25	the	the	DET
esutjss-88	118	26	distribution	distribution	NOUN
esutjss-88	118	27	is	be	AUX
esutjss-88	118	28	peaked	peak	VERB
esutjss-88	118	29	relative	relative	ADJ
esutjss-88	118	30	to	to	ADP
esutjss-88	118	31	normal	normal	ADJ
esutjss-88	118	32	distribution	distribution	NOUN
esutjss-88	118	33	.	.	PUNCT
esutjss-88	119	1	finally	finally	ADV
esutjss-88	119	2	,	,	PUNCT
esutjss-88	119	3	the	the	DET
esutjss-88	119	4	jarque	jarque	NOUN
esutjss-88	119	5	-	-	PUNCT
esutjss-88	119	6	bera	bera	NOUN
esutjss-88	119	7	statistics	statistic	NOUN
esutjss-88	119	8	values	value	NOUN
esutjss-88	119	9	of	of	ADP
esutjss-88	119	10	1072	1072	NUM
esutjss-88	119	11	to	to	ADP
esutjss-88	119	12	51	51	NUM
esutjss-88	119	13	rejected	reject	VERB
esutjss-88	119	14	the	the	DET
esutjss-88	119	15	null	null	ADJ
esutjss-88	119	16	hypothesis	hypothesis	NOUN
esutjss-88	119	17	of	of	ADP
esutjss-88	119	18	normal	normal	ADJ
esutjss-88	119	19	distribution	distribution	NOUN
esutjss-88	119	20	for	for	ADP
esutjss-88	119	21	the	the	DET
esutjss-88	119	22	variables	variable	NOUN
esutjss-88	119	23	at	at	ADP
esutjss-88	119	24	the	the	DET
esutjss-88	119	25	5	5	NUM
esutjss-88	119	26	%	%	NOUN
esutjss-88	119	27	critical	critical	ADJ
esutjss-88	119	28	value	value	NOUN
esutjss-88	119	29	.	.	PUNCT
esutjss-88	120	1	269	269	NUM
esutjss-88	120	2	correlation	correlation	NOUN
esutjss-88	120	3	matrix	matrix	NOUN
esutjss-88	120	4	in	in	ADP
esutjss-88	120	5	furtherance	furtherance	NOUN
esutjss-88	120	6	to	to	ADP
esutjss-88	120	7	the	the	DET
esutjss-88	120	8	descriptive	descriptive	ADJ
esutjss-88	120	9	statistics	statistic	NOUN
esutjss-88	120	10	,	,	PUNCT
esutjss-88	120	11	the	the	DET
esutjss-88	120	12	correlation	correlation	NOUN
esutjss-88	120	13	matrix	matrix	NOUN
esutjss-88	120	14	test	test	NOUN
esutjss-88	120	15	was	be	AUX
esutjss-88	120	16	carried	carry	VERB
esutjss-88	120	17	out	out	ADP
esutjss-88	120	18	to	to	PART
esutjss-88	120	19	show	show	VERB
esutjss-88	120	20	the	the	DET
esutjss-88	120	21	movement	movement	NOUN
esutjss-88	120	22	and	and	CCONJ
esutjss-88	120	23	pattern	pattern	NOUN
esutjss-88	120	24	of	of	ADP
esutjss-88	120	25	the	the	DET
esutjss-88	120	26	data	datum	NOUN
esutjss-88	120	27	used	use	VERB
esutjss-88	120	28	in	in	ADP
esutjss-88	120	29	the	the	DET
esutjss-88	120	30	model	model	NOUN
esutjss-88	120	31	estimation	estimation	NOUN
esutjss-88	120	32	,	,	PUNCT
esutjss-88	120	33	-1	-1	PUNCT
esutjss-88	120	34	indicates	indicate	VERB
esutjss-88	120	35	a	a	DET
esutjss-88	120	36	perfectly	perfectly	ADV
esutjss-88	120	37	negative	negative	ADJ
esutjss-88	120	38	linear	linear	ADJ
esutjss-88	120	39	correlation	correlation	NOUN
esutjss-88	120	40	between	between	ADP
esutjss-88	120	41	two	two	NUM
esutjss-88	120	42	variables	variable	NOUN
esutjss-88	120	43	,	,	PUNCT
esutjss-88	120	44	0	0	NUM
esutjss-88	120	45	indicates	indicate	VERB
esutjss-88	120	46	no	no	DET
esutjss-88	120	47	linear	linear	ADJ
esutjss-88	120	48	correlation	correlation	NOUN
esutjss-88	120	49	between	between	ADP
esutjss-88	120	50	the	the	DET
esutjss-88	120	51	two	two	NUM
esutjss-88	120	52	variables	variable	NOUN
esutjss-88	120	53	and	and	CCONJ
esutjss-88	120	54	1	1	NUM
esutjss-88	120	55	indicates	indicate	VERB
esutjss-88	120	56	a	a	DET
esutjss-88	120	57	perfectly	perfectly	ADV
esutjss-88	120	58	positive	positive	ADJ
esutjss-88	120	59	linear	linear	NOUN
esutjss-88	120	60	correlation	correlation	NOUN
esutjss-88	120	61	between	between	ADP
esutjss-88	120	62	two	two	NUM
esutjss-88	120	63	variables	variable	NOUN
esutjss-88	120	64	.	.	PUNCT
esutjss-88	121	1	table	table	NOUN
esutjss-88	121	2	4.2	4.2	NUM
esutjss-88	121	3	shows	show	VERB
esutjss-88	121	4	the	the	DET
esutjss-88	121	5	correlation	correlation	NOUN
esutjss-88	121	6	matrix	matrix	NOUN
esutjss-88	121	7	of	of	ADP
esutjss-88	121	8	the	the	DET
esutjss-88	121	9	data	datum	NOUN
esutjss-88	121	10	between	between	ADP
esutjss-88	121	11	the	the	DET
esutjss-88	121	12	periods	period	NOUN
esutjss-88	121	13	1981	1981	NUM
esutjss-88	121	14	to	to	ADP
esutjss-88	121	15	2019	2019	NUM
esutjss-88	121	16	.	.	PUNCT
esutjss-88	122	1	table	table	NOUN
esutjss-88	122	2	2	2	NUM
esutjss-88	122	3	:	:	PUNCT
esutjss-88	122	4	correlation	correlation	NOUN
esutjss-88	122	5	matrix	matrix	NOUN
esutjss-88	122	6	correlation	correlation	NOUN
esutjss-88	122	7	probability	probability	NOUN
esutjss-88	122	8	hhs	hhs	PROPN
esutjss-88	122	9	dcr	dcr	PROPN
esutjss-88	122	10	bms	bms	PROPN
esutjss-88	122	11	irs	irs	PROPN
esutjss-88	122	12	ggdp	ggdp	PROPN
esutjss-88	122	13	gcfc	gcfc	PROPN
esutjss-88	122	14	flib	flib	PROPN
esutjss-88	122	15	observations	observation	NOUN
esutjss-88	122	16	hhs	hhs	VERB
esutjss-88	122	17	1.000000	1.000000	NUM
esutjss-88	122	18	195	195	NUM
esutjss-88	122	19	dcr	dcr	PROPN
esutjss-88	122	20	,	,	PUNCT
esutjss-88	122	21	bms	bms	PROPN
esutjss-88	122	22	,	,	PUNCT
esutjss-88	122	23	irs	irs	PROPN
esutjss-88	122	24	-0.073111	-0.073111	VERB
esutjss-88	122	25	0.3098	0.3098	NUM
esutjss-88	122	26	195	195	NUM
esutjss-88	122	27	1.000000	1.000000	NUM
esutjss-88	122	28	195	195	NUM
esutjss-88	122	29	ggdp	ggdp	NOUN
esutjss-88	122	30	-0.068799	-0.068799	PUNCT
esutjss-88	122	31	0.3392	0.3392	NUM
esutjss-88	122	32	195	195	NUM
esutjss-88	122	33	-0.097927	-0.097927	NOUN
esutjss-88	122	34	0.1732	0.1732	NUM
esutjss-88	122	35	195	195	NUM
esutjss-88	122	36	1.000000	1.000000	NUM
esutjss-88	122	37	195	195	NUM
esutjss-88	122	38	flib	flib	NOUN
esutjss-88	122	39	-0.080515	-0.080515	NOUN
esutjss-88	123	1	0.2632	0.2632	NUM
esutjss-88	123	2	195	195	NUM
esutjss-88	123	3	0.101383	0.101383	NUM
esutjss-88	123	4	0.1585	0.1585	NUM
esutjss-88	123	5	195	195	NUM
esutjss-88	123	6	1.000000	1.000000	NUM
esutjss-88	123	7	source	source	NOUN
esutjss-88	123	8	:	:	PUNCT
esutjss-88	123	9	authors	author	NOUN
esutjss-88	123	10	’	'	PUNCT
esutjss-88	123	11	computation	computation	NOUN
esutjss-88	123	12	using	use	VERB
esutjss-88	123	13	e	e	NOUN
esutjss-88	123	14	-	-	NOUN
esutjss-88	123	15	view	view	VERB
esutjss-88	123	16	11.0	11.0	NUM
esutjss-88	123	17	the	the	DET
esutjss-88	123	18	correlation	correlation	NOUN
esutjss-88	123	19	matrix	matrix	NOUN
esutjss-88	123	20	presented	present	VERB
esutjss-88	123	21	in	in	ADP
esutjss-88	123	22	table	table	NOUN
esutjss-88	123	23	2	2	NUM
esutjss-88	123	24	shows	show	VERB
esutjss-88	123	25	that	that	SCONJ
esutjss-88	123	26	the	the	DET
esutjss-88	123	27	coefficients	coefficient	NOUN
esutjss-88	123	28	of	of	ADP
esutjss-88	123	29	dcr	dcr	PROPN
esutjss-88	123	30	,	,	PUNCT
esutjss-88	123	31	bms	bms	PROPN
esutjss-88	123	32	irs	irs	PROPN
esutjss-88	123	33	,	,	PUNCT
esutjss-88	123	34	ggdp	ggdp	NOUN
esutjss-88	123	35	and	and	CCONJ
esutjss-88	123	36	flib	flib	NOUN
esutjss-88	123	37	were	be	AUX
esutjss-88	123	38	all	all	ADV
esutjss-88	123	39	negative	negative	ADJ
esutjss-88	123	40	.	.	PUNCT
esutjss-88	124	1	the	the	DET
esutjss-88	124	2	coefficient	coefficient	NOUN
esutjss-88	124	3	of	of	ADP
esutjss-88	124	4	hhs	hhs	PROPN
esutjss-88	124	5	was	be	AUX
esutjss-88	124	6	positively	positively	ADV
esutjss-88	124	7	signed	sign	VERB
esutjss-88	124	8	showing	show	VERB
esutjss-88	124	9	perfect	perfect	ADJ
esutjss-88	124	10	correlation	correlation	NOUN
esutjss-88	124	11	.	.	PUNCT
esutjss-88	125	1	meanwhile	meanwhile	ADV
esutjss-88	125	2	,	,	PUNCT
esutjss-88	125	3	dcr	dcr	PROPN
esutjss-88	125	4	,	,	PUNCT
esutjss-88	125	5	bms	bms	PROPN
esutjss-88	125	6	and	and	CCONJ
esutjss-88	125	7	is	be	AUX
esutjss-88	125	8	negatively	negatively	ADV
esutjss-88	125	9	related	relate	VERB
esutjss-88	125	10	with	with	ADP
esutjss-88	125	11	hhs	hhs	PROPN
esutjss-88	125	12	,	,	PUNCT
esutjss-88	125	13	the	the	DET
esutjss-88	125	14	same	same	ADJ
esutjss-88	125	15	with	with	ADP
esutjss-88	125	16	ggdp	ggdp	NOUN
esutjss-88	125	17	with	with	ADP
esutjss-88	125	18	hhs	hhs	PROPN
esutjss-88	125	19	.	.	PUNCT
esutjss-88	126	1	liberalization	liberalization	NOUN
esutjss-88	126	2	dummy	dummy	NOUN
esutjss-88	126	3	was	be	AUX
esutjss-88	126	4	also	also	ADV
esutjss-88	126	5	negatively	negatively	ADV
esutjss-88	126	6	related	relate	VERB
esutjss-88	126	7	to	to	ADP
esutjss-88	126	8	household	household	NOUN
esutjss-88	126	9	savings	saving	NOUN
esutjss-88	126	10	.	.	PUNCT
esutjss-88	127	1	the	the	DET
esutjss-88	127	2	results	result	NOUN
esutjss-88	127	3	show	show	VERB
esutjss-88	127	4	that	that	SCONJ
esutjss-88	127	5	the	the	DET
esutjss-88	127	6	coefficient	coefficient	NOUN
esutjss-88	127	7	is	be	AUX
esutjss-88	127	8	free	free	ADJ
esutjss-88	127	9	from	from	ADP
esutjss-88	127	10	multicollinearity	multicollinearity	NOUN
esutjss-88	127	11	.	.	PUNCT
esutjss-88	128	1	panel	panel	NOUN
esutjss-88	128	2	unit	unit	NOUN
esutjss-88	128	3	root	root	NOUN
esutjss-88	128	4	and	and	CCONJ
esutjss-88	128	5	co	co	NOUN
esutjss-88	128	6	integration	integration	NOUN
esutjss-88	128	7	results	result	VERB
esutjss-88	128	8	the	the	DET
esutjss-88	128	9	first	first	ADJ
esutjss-88	128	10	step	step	NOUN
esutjss-88	128	11	of	of	ADP
esutjss-88	128	12	the	the	DET
esutjss-88	128	13	analysis	analysis	NOUN
esutjss-88	128	14	is	be	AUX
esutjss-88	128	15	to	to	PART
esutjss-88	128	16	look	look	VERB
esutjss-88	128	17	at	at	ADP
esutjss-88	128	18	the	the	DET
esutjss-88	128	19	data	datum	NOUN
esutjss-88	128	20	properties	property	NOUN
esutjss-88	128	21	.	.	PUNCT
esutjss-88	129	1	two	two	NUM
esutjss-88	129	2	classes	class	NOUN
esutjss-88	129	3	of	of	ADP
esutjss-88	129	4	tests	test	NOUN
esutjss-88	129	5	allow	allow	VERB
esutjss-88	129	6	the	the	DET
esutjss-88	129	7	investigation	investigation	NOUN
esutjss-88	129	8	of	of	ADP
esutjss-88	129	9	the	the	DET
esutjss-88	129	10	presence	presence	NOUN
esutjss-88	129	11	of	of	ADP
esutjss-88	129	12	the	the	DET
esutjss-88	129	13	unit	unit	NOUN
esutjss-88	129	14	root	root	NOUN
esutjss-88	129	15	:	:	PUNCT
esutjss-88	129	16	the	the	DET
esutjss-88	129	17	first	first	ADJ
esutjss-88	129	18	generation	generation	NOUN
esutjss-88	129	19	panel	panel	NOUN
esutjss-88	129	20	unit	unit	NOUN
esutjss-88	129	21	-	-	PUNCT
esutjss-88	129	22	root	root	NOUN
esutjss-88	129	23	tests	test	NOUN
esutjss-88	129	24	(	(	PUNCT
esutjss-88	129	25	including	include	VERB
esutjss-88	129	26	hadri	hadri	NOUN
esutjss-88	129	27	(	(	PUNCT
esutjss-88	129	28	2000	2000	NUM
esutjss-88	129	29	)	)	PUNCT
esutjss-88	129	30	and	and	CCONJ
esutjss-88	129	31	i	i	PRON
esutjss-88	129	32	m	m	VERB
esutjss-88	129	33	et	et	VERB
esutjss-88	129	34	al	al	PROPN
esutjss-88	129	35	.	.	PROPN
esutjss-88	129	36	,	,	PUNCT
esutjss-88	129	37	(	(	PUNCT
esutjss-88	129	38	2003	2003	NUM
esutjss-88	129	39	)	)	PUNCT
esutjss-88	129	40	,	,	PUNCT
esutjss-88	129	41	were	be	AUX
esutjss-88	129	42	developed	develop	VERB
esutjss-88	129	43	on	on	ADP
esutjss-88	129	44	the	the	DET
esutjss-88	129	45	assumption	assumption	NOUN
esutjss-88	129	46	of	of	ADP
esutjss-88	129	47	crosssectional	crosssectional	ADJ
esutjss-88	129	48	independence	independence	NOUN
esutjss-88	129	49	among	among	ADP
esutjss-88	129	50	panel	panel	NOUN
esutjss-88	129	51	units	unit	NOUN
esutjss-88	129	52	(	(	PUNCT
esutjss-88	129	53	except	except	SCONJ
esutjss-88	129	54	for	for	ADP
esutjss-88	129	55	common	common	ADJ
esutjss-88	129	56	time	time	NOUN
esutjss-88	129	57	effects	effect	NOUN
esutjss-88	129	58	)	)	PUNCT
esutjss-88	129	59	,	,	PUNCT
esutjss-88	129	60	and	and	CCONJ
esutjss-88	129	61	may	may	AUX
esutjss-88	129	62	be	be	AUX
esutjss-88	129	63	at	at	ADP
esutjss-88	129	64	odds	odd	NOUN
esutjss-88	129	65	with	with	ADP
esutjss-88	129	66	economic	economic	ADJ
esutjss-88	129	67	theory	theory	NOUN
esutjss-88	129	68	and	and	CCONJ
esutjss-88	129	69	empirical	empirical	ADJ
esutjss-88	129	70	results	result	NOUN
esutjss-88	129	71	.	.	PUNCT
esutjss-88	130	1	on	on	ADP
esutjss-88	130	2	the	the	DET
esutjss-88	130	3	other	other	ADJ
esutjss-88	130	4	hand	hand	NOUN
esutjss-88	130	5	,	,	PUNCT
esutjss-88	130	6	second	second	ADJ
esutjss-88	130	7	generation	generation	NOUN
esutjss-88	130	8	tests	test	NOUN
esutjss-88	130	9	(	(	PUNCT
esutjss-88	130	10	smith	smith	PROPN
esutjss-88	130	11	et	et	PROPN
esutjss-88	130	12	al	al	PROPN
esutjss-88	130	13	.	.	PROPN
esutjss-88	130	14	,	,	PUNCT
esutjss-88	130	15	(	(	PUNCT
esutjss-88	130	16	2004	2004	NUM
esutjss-88	130	17	)	)	PUNCT
esutjss-88	130	18	;	;	PUNCT
esutjss-88	130	19	pesaran	pesaran	VERB
esutjss-88	130	20	,	,	PUNCT
esutjss-88	130	21	2007	2007	NUM
esutjss-88	130	22	)	)	PUNCT
esutjss-88	130	23	relax	relax	VERB
esutjss-88	130	24	the	the	DET
esutjss-88	130	25	assumption	assumption	NOUN
esutjss-88	130	26	of	of	ADP
esutjss-88	130	27	cross	cross	ADJ
esutjss-88	130	28	-	-	ADJ
esutjss-88	130	29	sectional	sectional	ADJ
esutjss-88	130	30	independence	independence	NOUN
esutjss-88	130	31	,	,	PUNCT
esutjss-88	130	32	allowing	allow	VERB
esutjss-88	130	33	for	for	ADP
esutjss-88	130	34	a	a	DET
esutjss-88	130	35	variety	variety	NOUN
esutjss-88	130	36	of	of	ADP
esutjss-88	130	37	dependence	dependence	NOUN
esutjss-88	130	38	across	across	ADP
esutjss-88	130	39	the	the	DET
esutjss-88	130	40	different	different	ADJ
esutjss-88	130	41	units	unit	NOUN
esutjss-88	130	42	.	.	PUNCT
esutjss-88	131	1	we	we	PRON
esutjss-88	131	2	employ	employ	VERB
esutjss-88	131	3	four	four	NUM
esutjss-88	131	4	different	different	ADJ
esutjss-88	131	5	types	type	NOUN
esutjss-88	131	6	of	of	ADP
esutjss-88	131	7	panel	panel	NOUN
esutjss-88	131	8	unit	unit	NOUN
esutjss-88	131	9	roof	roof	NOUN
esutjss-88	131	10	tests	test	NOUN
esutjss-88	131	11	;	;	PUNCT
esutjss-88	131	12	i	i	PRON
esutjss-88	131	13	m	m	VERB
esutjss-88	131	14	,	,	PUNCT
esutjss-88	131	15	pesaran	pesaran	NOUN
esutjss-88	131	16	and	and	CCONJ
esutjss-88	131	17	shin	shin	PROPN
esutjss-88	131	18	,	,	PUNCT
esutjss-88	131	19	levin	levin	PROPN
esutjss-88	131	20	,	,	PUNCT
esutjss-88	131	21	lin	lin	PROPN
esutjss-88	131	22	chu	chu	PROPN
esutjss-88	131	23	,	,	PUNCT
esutjss-88	131	24	adf	adf	PROPN
esutjss-88	131	25	(	(	PUNCT
esutjss-88	131	26	augmented	augment	VERB
esutjss-88	131	27	dickey	dickey	PROPN
esutjss-88	131	28	-	-	PUNCT
esutjss-88	131	29	fuller	full	ADJ
esutjss-88	131	30	and	and	CCONJ
esutjss-88	131	31	philip	philip	PROPN
esutjss-88	131	32	-	-	PUNCT
esutjss-88	131	33	perronfisher	perronfisher	ADJ
esutjss-88	131	34	chi	chi	NOUN
esutjss-88	131	35	-	-	PUNCT
esutjss-88	131	36	square	square	NOUN
esutjss-88	131	37	)	)	PUNCT
esutjss-88	131	38	.	.	PUNCT
esutjss-88	132	1	the	the	DET
esutjss-88	132	2	tests	test	NOUN
esutjss-88	132	3	are	be	AUX
esutjss-88	132	4	constructed	construct	VERB
esutjss-88	132	5	with	with	ADP
esutjss-88	132	6	a	a	DET
esutjss-88	132	7	unit	unit	NOUN
esutjss-88	132	8	roof	roof	NOUN
esutjss-88	132	9	under	under	ADP
esutjss-88	132	10	the	the	DET
esutjss-88	132	11	null	null	ADJ
esutjss-88	132	12	hypothesis	hypothesis	NOUN
esutjss-88	132	13	and	and	CCONJ
esutjss-88	132	14	heterogeneous	heterogeneous	ADJ
esutjss-88	132	15	autoregressive	autoregressive	ADJ
esutjss-88	132	16	roots	root	NOUN
esutjss-88	132	17	under	under	ADP
esutjss-88	132	18	the	the	DET
esutjss-88	132	19	alternative	alternative	NOUN
esutjss-88	132	20	,	,	PUNCT
esutjss-88	132	21	which	which	PRON
esutjss-88	132	22	means	mean	VERB
esutjss-88	132	23	that	that	SCONJ
esutjss-88	132	24	a	a	DET
esutjss-88	132	25	rejection	rejection	NOUN
esutjss-88	132	26	should	should	AUX
esutjss-88	132	27	be	be	AUX
esutjss-88	132	28	taken	take	VERB
esutjss-88	132	29	as	as	ADP
esutjss-88	132	30	evidence	evidence	NOUN
esutjss-88	132	31	in	in	ADP
esutjss-88	132	32	favour	favour	NOUN
esutjss-88	132	33	of	of	ADP
esutjss-88	132	34	staionarity	staionarity	NOUN
esutjss-88	132	35	for	for	ADP
esutjss-88	132	36	a	a	DET
esutjss-88	132	37	least	least	ADJ
esutjss-88	132	38	one	one	NUM
esutjss-88	132	39	country	country	NOUN
esutjss-88	132	40	domestic	domestic	ADJ
esutjss-88	132	41	savings	saving	NOUN
esutjss-88	132	42	table	table	NOUN
esutjss-88	132	43	3	3	NUM
esutjss-88	132	44	:	:	PUNCT
esutjss-88	132	45	panel	panel	NOUN
esutjss-88	132	46	unit	unit	NOUN
esutjss-88	132	47	root	root	PROPN
esutjss-88	132	48	test	test	PROPN
esutjss-88	132	49	variables	variables	PROPN
esutjss-88	132	50	levin	levin	PROPN
esutjss-88	132	51	,	,	PUNCT
esutjss-88	132	52	lin	lin	PROPN
esutjss-88	132	53	&	&	CCONJ
esutjss-88	132	54	chu	chu	PROPN
esutjss-88	132	55	t	t	PROPN
esutjss-88	132	56	*	*	PUNCT
esutjss-88	132	57	first	first	ADJ
esutjss-88	132	58	differen	differen	PROPN
esutjss-88	132	59	ce	ce	PROPN
esutjss-88	133	1	i	i	PRON
esutjss-88	133	2	m	m	PROPN
esutjss-88	133	3	,	,	PUNCT
esutjss-88	133	4	pesaran	pesaran	PROPN
esutjss-88	133	5	&	&	CCONJ
esutjss-88	133	6	shin	shin	PROPN
esutjss-88	133	7	w	w	PROPN
esutjss-88	133	8	-	-	PUNCT
esutjss-88	133	9	stat	stat	PROPN
esutjss-88	133	10	test	test	NOUN
esutjss-88	133	11	differen	differen	PROPN
esutjss-88	133	12	ce	ce	PROPN
esutjss-88	133	13	adf	adf	PROPN
esutjss-88	133	14	fisher	fisher	PROPN
esutjss-88	133	15	chi	chi	PROPN
esutjss-88	133	16	square	square	PROPN
esutjss-88	134	1	first	first	PROPN
esutjss-88	134	2	differen	differen	PROPN
esutjss-88	134	3	ce	ce	PROPN
esutjss-88	134	4	pp	pp	PROPN
esutjss-88	134	5	fishe	fishe	PROPN
esutjss-88	134	6	r	r	NOUN
esutjss-88	134	7	chisquar	chisquar	NOUN
esutjss-88	134	8	e	e	PROPN
esutjss-88	134	9	first	first	ADV
esutjss-88	134	10	differ	differ	VERB
esutjss-88	134	11	ence	ence	NOUN
esutjss-88	134	12	ggdp	ggdp	PROPN
esutjss-88	134	13	-0.95	-0.95	NOUN
esutjss-88	134	14	-7.136	-7.136	NOUN
esutjss-88	134	15	1.37	1.37	NUM
esutjss-88	134	16	-7.619	-7.619	NUM
esutjss-88	134	17	2.49	2.49	NUM
esutjss-88	134	18	71.7759	71.7759	NUM
esutjss-88	134	19	0.02	0.02	NUM
esutjss-88	134	20	-71.69	-71.69	SYM
esutjss-88	134	21	dcr	dcr	PROPN
esutjss-88	134	22	,	,	PUNCT
esutjss-88	134	23	bms	bms	PROPN
esutjss-88	134	24	,	,	PUNCT
esutjss-88	134	25	irs	irs	PROPN
esutjss-88	134	26	-2.63	-2.63	NUM
esutjss-88	134	27	-11.4087	-11.4087	PUNCT
esutjss-88	134	28	0.02	0.02	NUM
esutjss-88	134	29	-10.8997	-10.8997	NUM
esutjss-88	134	30	0.99	0.99	NUM
esutjss-88	134	31	108.80	108.80	NUM
esutjss-88	134	32	1.18	1.18	NUM
esutjss-88	134	33	148.37	148.37	NUM
esutjss-88	134	34	8	8	NUM
esutjss-88	134	35	hhs	hhs	PROPN
esutjss-88	134	36	1.37	1.37	NUM
esutjss-88	134	37	-3.05	-3.05	NOUN
esutjss-88	134	38	-3.90582	-3.90582	NOUN
esutjss-88	134	39	-17.31	-17.31	PROPN
esutjss-88	135	1	1.18	1.18	NUM
esutjss-88	135	2	35.299	35.299	NUM
esutjss-88	135	3	-2.07	-2.07	NUM
esutjss-88	135	4	35.510	35.510	NUM
esutjss-88	135	5	2	2	NUM
esutjss-88	135	6	flib	flib	NOUN
esutjss-88	135	7	-4.99	-4.99	X
esutjss-88	135	8	-17.97	-17.97	PROPN
esutjss-88	135	9	-3.98	-3.98	NUM
esutjss-88	135	10	-11.46	-11.46	NUM
esutjss-88	135	11	2.09	2.09	NUM
esutjss-88	135	12	-5.59	-5.59	NUM
esutjss-88	135	13	-0.70	-0.70	PROPN
esutjss-88	135	14	-23.22	-23.22	PROPN
esutjss-88	135	15	note	note	VERB
esutjss-88	135	16	:	:	PUNCT
esutjss-88	135	17	the	the	DET
esutjss-88	135	18	statistic	statistic	ADJ
esutjss-88	135	19	test	test	NOUN
esutjss-88	135	20	is	be	AUX
esutjss-88	135	21	the	the	DET
esutjss-88	135	22	cross	cross	ADJ
esutjss-88	135	23	-	-	ADJ
esutjss-88	135	24	sectionally	sectionally	ADV
esutjss-88	135	25	augmented	augment	VERB
esutjss-88	135	26	dickey	dickey	PROPN
esutjss-88	135	27	fuller	full	ADJ
esutjss-88	135	28	of	of	ADP
esutjss-88	135	29	pesaran	pesaran	NOUN
esutjss-88	135	30	(	(	PUNCT
esutjss-88	135	31	2007	2007	NUM
esutjss-88	135	32	)	)	PUNCT
esutjss-88	135	33	.	.	PUNCT
esutjss-88	136	1	the	the	DET
esutjss-88	136	2	test	test	NOUN
esutjss-88	136	3	has	have	VERB
esutjss-88	136	4	the	the	DET
esutjss-88	136	5	null	null	ADJ
esutjss-88	136	6	hypothesis	hypothesis	NOUN
esutjss-88	136	7	of	of	ADP
esutjss-88	136	8	presence	presence	NOUN
esutjss-88	136	9	of	of	ADP
esutjss-88	136	10	unit	unit	NOUN
esutjss-88	136	11	roof	roof	NOUN
esutjss-88	136	12	.	.	PUNCT
esutjss-88	137	1	source	source	NOUN
esutjss-88	137	2	:	:	PUNCT
esutjss-88	137	3	researchers	researcher	NOUN
esutjss-88	137	4	’	'	PUNCT
esutjss-88	137	5	computation	computation	NOUN
esutjss-88	137	6	using	use	VERB
esutjss-88	137	7	e	e	NOUN
esutjss-88	137	8	-	-	NOUN
esutjss-88	137	9	view	view	ADJ
esutjss-88	137	10	11.0	11.0	NUM
esutjss-88	137	11	table	table	NOUN
esutjss-88	137	12	3	3	NUM
esutjss-88	137	13	reports	report	VERB
esutjss-88	137	14	the	the	DET
esutjss-88	137	15	results	result	NOUN
esutjss-88	137	16	of	of	ADP
esutjss-88	137	17	the	the	DET
esutjss-88	137	18	first	first	ADJ
esutjss-88	137	19	second	second	ADJ
esutjss-88	137	20	generation	generation	NOUN
esutjss-88	137	21	unit	unit	NOUN
esutjss-88	137	22	roof	roof	NOUN
esutjss-88	137	23	test	test	NOUN
esutjss-88	137	24	of	of	ADP
esutjss-88	137	25	persan	persan	NOUN
esutjss-88	137	26	(	(	PUNCT
esutjss-88	137	27	2007	2007	NUM
esutjss-88	137	28	)	)	PUNCT
esutjss-88	137	29	,	,	PUNCT
esutjss-88	137	30	levin	levin	PROPN
esutjss-88	137	31	,	,	PUNCT
esutjss-88	137	32	lin	lin	PROPN
esutjss-88	137	33	&	&	CCONJ
esutjss-88	137	34	chu	chu	PROPN
esutjss-88	137	35	,	,	PUNCT
esutjss-88	137	36	i	i	PRON
esutjss-88	137	37	m	m	PROPN
esutjss-88	137	38	,	,	PUNCT
esutjss-88	137	39	pesaran	pesaran	NOUN
esutjss-88	137	40	and	and	CCONJ
esutjss-88	137	41	shin	shin	NOUN
esutjss-88	137	42	w	w	NOUN
esutjss-88	137	43	-	-	PUNCT
esutjss-88	137	44	stat	stat	NOUN
esutjss-88	137	45	,	,	PUNCT
esutjss-88	137	46	adf	adf	PROPN
esutjss-88	137	47	-	-	PUNCT
esutjss-88	137	48	fisher	fisher	PROPN
esutjss-88	137	49	chi	chi	PROPN
esutjss-88	137	50	-	-	PUNCT
esutjss-88	137	51	square	square	ADJ
esutjss-88	137	52	and	and	CCONJ
esutjss-88	137	53	pp	pp	ADJ
esutjss-88	137	54	-	-	PUNCT
esutjss-88	137	55	fisher	fisher	PROPN
esutjss-88	137	56	chisquare	chisquare	NOUN
esutjss-88	137	57	.	.	PUNCT
esutjss-88	138	1	at	at	ADP
esutjss-88	138	2	conventional	conventional	ADJ
esutjss-88	138	3	levels	level	NOUN
esutjss-88	138	4	of	of	ADP
esutjss-88	138	5	significance	significance	NOUN
esutjss-88	138	6	,	,	PUNCT
esutjss-88	138	7	the	the	DET
esutjss-88	138	8	results	result	NOUN
esutjss-88	138	9	show	show	VERB
esutjss-88	138	10	that	that	SCONJ
esutjss-88	138	11	most	most	ADJ
esutjss-88	138	12	of	of	ADP
esutjss-88	138	13	the	the	DET
esutjss-88	138	14	variables	variable	NOUN
esutjss-88	138	15	are	be	AUX
esutjss-88	138	16	not	not	PART
esutjss-88	138	17	stationary	stationary	ADJ
esutjss-88	138	18	in	in	ADP
esutjss-88	138	19	levels	level	NOUN
esutjss-88	138	20	but	but	CCONJ
esutjss-88	138	21	stationary	stationary	ADJ
esutjss-88	138	22	in	in	ADP
esutjss-88	138	23	first	first	ADJ
esutjss-88	138	24	difference	difference	NOUN
esutjss-88	138	25	.	.	PUNCT
esutjss-88	139	1	form	form	VERB
esutjss-88	139	2	the	the	DET
esutjss-88	139	3	report	report	NOUN
esutjss-88	139	4	,	,	PUNCT
esutjss-88	139	5	the	the	DET
esutjss-88	139	6	variable	variable	ADJ
esutjss-88	139	7	ggdp	ggdp	NOUN
esutjss-88	139	8	was	be	AUX
esutjss-88	139	9	not	not	PART
esutjss-88	139	10	significant	significant	ADJ
esutjss-88	139	11	at	at	ADP
esutjss-88	139	12	its	its	PRON
esutjss-88	139	13	levels	level	NOUN
esutjss-88	139	14	except	except	SCONJ
esutjss-88	139	15	in	in	ADP
esutjss-88	139	16	its	its	PRON
esutjss-88	139	17	first	first	ADJ
esutjss-88	139	18	difference	difference	NOUN
esutjss-88	139	19	the	the	DET
esutjss-88	139	20	same	same	ADJ
esutjss-88	139	21	with	with	ADP
esutjss-88	139	22	the	the	DET
esutjss-88	139	23	financial	financial	ADJ
esutjss-88	139	24	liberalization	liberalization	NOUN
esutjss-88	139	25	index	index	NOUN
esutjss-88	139	26	(	(	PUNCT
esutjss-88	139	27	dcr	dcr	PROPN
esutjss-88	139	28	,	,	PUNCT
esutjss-88	139	29	ims	ims	PROPN
esutjss-88	139	30	,	,	PUNCT
esutjss-88	139	31	irs	irs	PROPN
esutjss-88	139	32	)	)	PUNCT
esutjss-88	139	33	.	.	PUNCT
esutjss-88	140	1	the	the	DET
esutjss-88	140	2	household	household	NOUN
esutjss-88	140	3	savings	saving	NOUN
esutjss-88	140	4	variable	variable	NOUN
esutjss-88	140	5	was	be	AUX
esutjss-88	140	6	the	the	DET
esutjss-88	140	7	same	same	ADJ
esutjss-88	140	8	.	.	PUNCT
esutjss-88	141	1	the	the	DET
esutjss-88	141	2	financial	financial	ADJ
esutjss-88	141	3	liberalization	liberalization	NOUN
esutjss-88	141	4	dummy	dummy	NOUN
esutjss-88	141	5	representing	represent	VERB
esutjss-88	141	6	financial	financial	ADJ
esutjss-88	141	7	regime	regime	NOUN
esutjss-88	141	8	shifts	shift	NOUN
esutjss-88	141	9	in	in	ADP
esutjss-88	141	10	the	the	DET
esutjss-88	141	11	selected	select	VERB
esutjss-88	141	12	ecowas	ecowas	PROPN
esutjss-88	141	13	countries	country	NOUN
esutjss-88	141	14	were	be	AUX
esutjss-88	141	15	significant	significant	ADJ
esutjss-88	141	16	in	in	ADP
esutjss-88	141	17	its	its	PRON
esutjss-88	141	18	levels	level	NOUN
esutjss-88	141	19	and	and	CCONJ
esutjss-88	141	20	first	first	ADJ
esutjss-88	141	21	difference	difference	NOUN
esutjss-88	141	22	.	.	PUNCT
esutjss-88	142	1	due	due	ADP
esutjss-88	142	2	to	to	ADP
esutjss-88	142	3	the	the	DET
esutjss-88	142	4	existence	existence	NOUN
esutjss-88	142	5	of	of	ADP
esutjss-88	142	6	mixed	mixed	ADJ
esutjss-88	142	7	levels	level	NOUN
esutjss-88	142	8	of	of	ADP
esutjss-88	142	9	integration	integration	NOUN
esutjss-88	142	10	among	among	ADP
esutjss-88	142	11	the	the	DET
esutjss-88	142	12	series	series	NOUN
esutjss-88	142	13	,	,	PUNCT
esutjss-88	142	14	we	we	PRON
esutjss-88	142	15	proceed	proceed	VERB
esutjss-88	142	16	to	to	PART
esutjss-88	142	17	apply	apply	VERB
esutjss-88	142	18	the	the	DET
esutjss-88	142	19	panel	panel	NOUN
esutjss-88	142	20	co	co	NOUN
esutjss-88	142	21	-	-	NOUN
esutjss-88	142	22	integration	integration	NOUN
esutjss-88	142	23	of	of	ADP
esutjss-88	142	24	johansen	johansen	PROPN
esutjss-88	142	25	fisher	fisher	PROPN
esutjss-88	142	26	panel	panel	PROPN
esutjss-88	142	27	co	co	NOUN
esutjss-88	142	28	-	-	NOUN
esutjss-88	142	29	integration	integration	NOUN
esutjss-88	142	30	test	test	NOUN
esutjss-88	142	31	presented	present	VERB
esutjss-88	142	32	in	in	ADP
esutjss-88	142	33	table	table	NOUN
esutjss-88	142	34	4	4	NUM
esutjss-88	142	35	.	.	PUNCT
esutjss-88	142	36	table	table	NOUN
esutjss-88	142	37	4	4	NUM
esutjss-88	142	38	:	:	PUNCT
esutjss-88	142	39	johansen	johansen	PROPN
esutjss-88	142	40	fisher	fisher	PROPN
esutjss-88	142	41	panel	panel	PROPN
esutjss-88	142	42	cointegration	cointegration	PROPN
esutjss-88	142	43	test	test	NOUN
esutjss-88	142	44	sample	sample	NOUN
esutjss-88	142	45	(	(	PUNCT
esutjss-88	142	46	adjusted	adjust	VERB
esutjss-88	142	47	):	):	PUNCT
esutjss-88	142	48	1981	1981	NUM
esutjss-88	142	49	-	-	SYM
esutjss-88	142	50	2019	2019	NUM
esutjss-88	142	51	series	series	NOUN
esutjss-88	142	52	:	:	PUNCT
esutjss-88	142	53	hhs	hhs	AUX
esutjss-88	142	54	dcrbms	dcrbms	PROPN
esutjss-88	142	55	irs	irs	PROPN
esutjss-88	142	56	flib	flib	PROPN
esutjss-88	142	57	ggdp	ggdp	PROPN
esutjss-88	142	58	lags	lag	VERB
esutjss-88	142	59	interval	interval	NOUN
esutjss-88	142	60	(	(	PUNCT
esutjss-88	142	61	in	in	ADP
esutjss-88	142	62	first	first	ADJ
esutjss-88	142	63	difference	difference	NOUN
esutjss-88	142	64	):	):	PUNCT
esutjss-88	142	65	1	1	NUM
esutjss-88	142	66	-	-	SYM
esutjss-88	142	67	3	3	NUM
esutjss-88	142	68	unrestricted	unrestricted	ADJ
esutjss-88	142	69	co	co	NOUN
esutjss-88	142	70	-	-	NOUN
esutjss-88	142	71	integration	integration	NOUN
esutjss-88	142	72	rank	rank	NOUN
esutjss-88	142	73	test	test	NOUN
esutjss-88	142	74	hypothesized	hypothesize	VERB
esutjss-88	142	75	no	no	ADP
esutjss-88	142	76	.	.	PUNCT
esutjss-88	142	77	of	of	ADP
esutjss-88	142	78	ce	ce	PROPN
esutjss-88	142	79	(	(	PUNCT
esutjss-88	142	80	s	s	NOUN
esutjss-88	142	81	)	)	PUNCT
esutjss-88	142	82	fisher	fisher	PROPN
esutjss-88	142	83	stat	stat	PROPN
esutjss-88	142	84	(	(	PUNCT
esutjss-88	142	85	trace	trace	NOUN
esutjss-88	142	86	test	test	NOUN
esutjss-88	142	87	)	)	PUNCT
esutjss-88	142	88	prob	prob	NOUN
esutjss-88	142	89	.	.	PUNCT
esutjss-88	143	1	fisher	fisher	PROPN
esutjss-88	143	2	staft	staft	PROPN
esutjss-88	143	3	(	(	PUNCT
esutjss-88	143	4	max	max	PROPN
esutjss-88	143	5	-	-	PUNCT
esutjss-88	143	6	eyen	eyen	NOUN
esutjss-88	143	7	staf	staf	NOUN
esutjss-88	143	8	)	)	PUNCT
esutjss-88	143	9	prob	prob	NOUN
esutjss-88	143	10	.	.	PUNCT
esutjss-88	144	1	none	none	NOUN
esutjss-88	144	2	305.3	305.3	NUM
esutjss-88	144	3	0.0000	0.0000	NUM
esutjss-88	144	4	148.9	148.9	NUM
esutjss-88	144	5	0.0000	0.0000	NUM
esutjss-88	144	6	at	at	ADP
esutjss-88	144	7	most	most	ADJ
esutjss-88	144	8	1	1	NUM
esutjss-88	144	9	209.1	209.1	NUM
esutjss-88	144	10	0.0000	0.0000	NUM
esutjss-88	144	11	118.9	118.9	NUM
esutjss-88	144	12	0.0000	0.0000	NUM
esutjss-88	144	13	at	at	ADP
esutjss-88	144	14	most	most	ADJ
esutjss-88	144	15	2	2	NUM
esutjss-88	144	16	122.4	122.4	NUM
esutjss-88	144	17	0.0000	0.0000	NUM
esutjss-88	144	18	80.83	80.83	NUM
esutjss-88	144	19	0.0000	0.0000	NUM
esutjss-88	144	20	at	at	ADP
esutjss-88	144	21	most	most	ADJ
esutjss-88	144	22	3	3	NUM
esutjss-88	144	23	55.90	55.90	NUM
esutjss-88	144	24	0.0000	0.0000	NUM
esutjss-88	144	25	41.86	41.86	NUM
esutjss-88	144	26	0.0000	0.0000	NUM
esutjss-88	144	27	at	at	ADP
esutjss-88	144	28	most	most	ADV
esutjss-88	144	29	4	4	NUM
esutjss-88	144	30	`	`	SYM
esutjss-88	144	31	25.18	25.18	NUM
esutjss-88	144	32	0.0050	0.0050	NUM
esutjss-88	144	33	19.41	19.41	NUM
esutjss-88	144	34	0.0353	0.0353	NUM
esutjss-88	144	35	at	at	ADP
esutjss-88	144	36	most	most	ADJ
esutjss-88	144	37	5	5	NUM
esutjss-88	144	38	23.62	23.62	NUM
esutjss-88	144	39	0	0	NUM
esutjss-88	144	40	…	…	SYM
esutjss-88	144	41	87	87	NUM
esutjss-88	144	42	23.62	23.62	NUM
esutjss-88	144	43	0.0087	0.0087	NUM
esutjss-88	144	44	note	note	NOUN
esutjss-88	144	45	:	:	PUNCT
esutjss-88	144	46	probabilities	probability	NOUN
esutjss-88	144	47	are	be	AUX
esutjss-88	144	48	computed	compute	VERB
esutjss-88	144	49	using	use	VERB
esutjss-88	144	50	asymptotic	asymptotic	ADJ
esutjss-88	144	51	,	,	PUNCT
esutjss-88	144	52	chi	chi	ADJ
esutjss-88	144	53	-	-	PUNCT
esutjss-88	144	54	square	square	ADJ
esutjss-88	144	55	distribution	distribution	NOUN
esutjss-88	144	56	.	.	PUNCT
esutjss-88	145	1	5	5	NUM
esutjss-88	145	2	%	%	NOUN
esutjss-88	145	3	critical	critical	ADJ
esutjss-88	145	4	values	value	NOUN
esutjss-88	145	5	are	be	AUX
esutjss-88	145	6	:	:	PUNCT
esutjss-88	145	7	82.49	82.49	NUM
esutjss-88	145	8	;	;	PUNCT
esutjss-88	145	9	59.46	59.46	NUM
esutjss-88	145	10	;	;	PUNCT
esutjss-88	145	11	39.89	39.89	NUM
esutjss-88	145	12	;	;	PUNCT
esutjss-88	145	13	24.31	24.31	NUM
esutjss-88	145	14	;	;	PUNCT
esutjss-88	145	15	3.84	3.84	NUM
esutjss-88	145	16	1	1	NUM
esutjss-88	145	17	%	%	NOUN
esutjss-88	145	18	critical	critical	ADJ
esutjss-88	145	19	values	value	NOUN
esutjss-88	145	20	are	be	AUX
esutjss-88	145	21	:	:	PUNCT
esutjss-88	145	22	90.45	90.45	NUM
esutjss-88	145	23	;	;	PUNCT
esutjss-88	145	24	66.52	66.52	NUM
esutjss-88	145	25	;	;	PUNCT
esutjss-88	145	26	45.52	45.52	NUM
esutjss-88	145	27	;	;	PUNCT
esutjss-88	145	28	45.58	45.58	NUM
esutjss-88	145	29	;	;	PUNCT
esutjss-88	145	30	79.75	79.75	NUM
esutjss-88	145	31	;	;	PUNCT
esutjss-88	145	32	6.51	6.51	NUM
esutjss-88	145	33	source	source	NOUN
esutjss-88	145	34	:	:	PUNCT
esutjss-88	145	35	researchers	researcher	NOUN
esutjss-88	145	36	’	'	PUNCT
esutjss-88	145	37	computation	computation	NOUN
esutjss-88	145	38	using	use	VERB
esutjss-88	145	39	e	e	NOUN
esutjss-88	145	40	-	-	NOUN
esutjss-88	145	41	view	view	NOUN
esutjss-88	145	42	11.0	11.0	NUM
esutjss-88	145	43	.	.	PUNCT
esutjss-88	145	44	271	271	NUM
esutjss-88	145	45	the	the	DET
esutjss-88	145	46	johansen	johansen	PROPN
esutjss-88	145	47	fisher	fisher	PROPN
esutjss-88	145	48	panel	panel	PROPN
esutjss-88	145	49	co	co	NOUN
esutjss-88	145	50	integration	integration	NOUN
esutjss-88	145	51	test	test	VERB
esutjss-88	145	52	for	for	ADP
esutjss-88	145	53	the	the	DET
esutjss-88	145	54	selected	select	VERB
esutjss-88	145	55	countries	country	NOUN
esutjss-88	145	56	in	in	ADP
esutjss-88	145	57	ecowas	ecowas	PROPN
esutjss-88	145	58	show	show	VERB
esutjss-88	145	59	that	that	SCONJ
esutjss-88	145	60	the	the	DET
esutjss-88	145	61	variables	variable	NOUN
esutjss-88	145	62	are	be	AUX
esutjss-88	145	63	all	all	DET
esutjss-88	145	64	the	the	DET
esutjss-88	145	65	variables	variable	NOUN
esutjss-88	145	66	are	be	AUX
esutjss-88	145	67	co	co	AUX
esutjss-88	145	68	integrated	integrate	VERB
esutjss-88	145	69	at	at	ADP
esutjss-88	145	70	both	both	DET
esutjss-88	145	71	1	1	NUM
esutjss-88	145	72	percent	percent	NOUN
esutjss-88	145	73	and	and	CCONJ
esutjss-88	145	74	5	5	NUM
esutjss-88	145	75	percent	percent	NOUN
esutjss-88	145	76	significance	significance	NOUN
esutjss-88	145	77	levels	level	NOUN
esutjss-88	145	78	.	.	PUNCT
esutjss-88	146	1	in	in	ADP
esutjss-88	146	2	all	all	DET
esutjss-88	146	3	the	the	DET
esutjss-88	146	4	co	co	NOUN
esutjss-88	146	5	integration	integration	NOUN
esutjss-88	146	6	results	result	NOUN
esutjss-88	146	7	implies	imply	VERB
esutjss-88	146	8	that	that	SCONJ
esutjss-88	146	9	there	there	PRON
esutjss-88	146	10	exists	exist	VERB
esutjss-88	146	11	a	a	DET
esutjss-88	146	12	long	long	ADV
esutjss-88	146	13	-	-	PUNCT
esutjss-88	146	14	run	run	NOUN
esutjss-88	146	15	relationship	relationship	NOUN
esutjss-88	146	16	between	between	ADP
esutjss-88	146	17	financial	financial	ADJ
esutjss-88	146	18	liberalization	liberalization	NOUN
esutjss-88	146	19	and	and	CCONJ
esutjss-88	146	20	domestic	domestic	ADJ
esutjss-88	146	21	savings	saving	NOUN
esutjss-88	146	22	in	in	ADP
esutjss-88	146	23	the	the	DET
esutjss-88	146	24	selected	select	VERB
esutjss-88	146	25	ecowas	ecowas	PROPN
esutjss-88	146	26	countries	country	NOUN
esutjss-88	146	27	of	of	ADP
esutjss-88	146	28	benin	benin	PROPN
esutjss-88	146	29	,	,	PUNCT
esutjss-88	146	30	cote	cote	PROPN
esutjss-88	146	31	d	d	NOUN
esutjss-88	146	32	’	'	PUNCT
esutjss-88	146	33	ivoire	ivoire	NOUN
esutjss-88	146	34	,	,	PUNCT
esutjss-88	146	35	ghana	ghana	PROPN
esutjss-88	146	36	,	,	PUNCT
esutjss-88	146	37	liberia	liberia	PROPN
esutjss-88	146	38	and	and	CCONJ
esutjss-88	146	39	nigeria	nigeria	PROPN
esutjss-88	146	40	.	.	PUNCT
esutjss-88	147	1	table	table	NOUN
esutjss-88	147	2	4b	4b	PROPN
esutjss-88	147	3	.	.	PUNCT
esutjss-88	148	1	which	which	PRON
esutjss-88	148	2	is	be	AUX
esutjss-88	148	3	also	also	ADV
esutjss-88	148	4	cross	cross	NOUN
esutjss-88	148	5	section	section	NOUN
esutjss-88	148	6	of	of	ADP
esutjss-88	148	7	the	the	DET
esutjss-88	148	8	johansen	johansen	PROPN
esutjss-88	148	9	fisher	fisher	PROPN
esutjss-88	148	10	panel	panel	PROPN
esutjss-88	148	11	co	co	PROPN
esutjss-88	148	12	integration	integration	NOUN
esutjss-88	148	13	test	test	NOUN
esutjss-88	148	14	further	far	ADV
esutjss-88	148	15	supported	support	VERB
esutjss-88	148	16	the	the	DET
esutjss-88	148	17	existence	existence	NOUN
esutjss-88	148	18	of	of	ADP
esutjss-88	148	19	co	co	NOUN
esutjss-88	148	20	integration	integration	NOUN
esutjss-88	148	21	or	or	CCONJ
esutjss-88	148	22	long	long	ADV
esutjss-88	148	23	-	-	PUNCT
esutjss-88	148	24	run	run	NOUN
esutjss-88	148	25	relationship	relationship	NOUN
esutjss-88	148	26	between	between	ADP
esutjss-88	148	27	financial	financial	ADJ
esutjss-88	148	28	liberalization	liberalization	NOUN
esutjss-88	148	29	and	and	CCONJ
esutjss-88	148	30	domestic	domestic	ADJ
esutjss-88	148	31	savings	saving	NOUN
esutjss-88	148	32	in	in	ADP
esutjss-88	148	33	the	the	DET
esutjss-88	148	34	selected	select	VERB
esutjss-88	148	35	ecowas	ecowas	PROPN
esutjss-88	148	36	countries	country	NOUN
esutjss-88	148	37	.	.	PUNCT
esutjss-88	149	1	table	table	NOUN
esutjss-88	149	2	4b	4b	PROPN
esutjss-88	149	3	:	:	PUNCT
esutjss-88	149	4	johansen	johansen	PROPN
esutjss-88	149	5	fisher	fisher	PROPN
esutjss-88	149	6	panel	panel	PROPN
esutjss-88	149	7	cointegration	cointegration	PROPN
esutjss-88	149	8	test	test	NOUN
esutjss-88	149	9	result	result	NOUN
esutjss-88	149	10	.	.	PUNCT
esutjss-88	150	1	cross	cross	NOUN
esutjss-88	150	2	section	section	PROPN
esutjss-88	150	3	trace	trace	NOUN
esutjss-88	150	4	test	test	NOUN
esutjss-88	150	5	statistics	statistic	NOUN
esutjss-88	150	6	probability	probability	PROPN
esutjss-88	150	7	max	max	PROPN
esutjss-88	150	8	-	-	PUNCT
esutjss-88	150	9	eyen	eyen	NOUN
esutjss-88	150	10	test	test	NOUN
esutjss-88	150	11	statistics	statistic	NOUN
esutjss-88	150	12	probability	probability	NOUN
esutjss-88	150	13	hypothesis	hypothesis	NOUN
esutjss-88	150	14	of	of	ADP
esutjss-88	150	15	no	no	DET
esutjss-88	150	16	cointegration	cointegration	NOUN
esutjss-88	150	17	benin	benin	PROPN
esutjss-88	150	18	240.6289	240.6289	NUM
esutjss-88	150	19	0.0000	0.0000	NUM
esutjss-88	150	20	83.6522	83.6522	NUM
esutjss-88	150	21	0.0000	0.0000	NUM
esutjss-88	150	22	cote	cote	X
esutjss-88	150	23	d’ivoire	d’ivoire	NOUN
esutjss-88	150	24	282.4478	282.4478	NUM
esutjss-88	150	25	0.0000	0.0000	NUM
esutjss-88	150	26	115.6547	115.6547	NUM
esutjss-88	150	27	0.0000	0.0000	NUM
esutjss-88	150	28	ghana	ghana	PROPN
esutjss-88	150	29	253.9848	253.9848	NUM
esutjss-88	150	30	0.0000	0.0000	NUM
esutjss-88	150	31	119.3316	119.3316	NUM
esutjss-88	150	32	0.0000	0.0000	NUM
esutjss-88	150	33	liberia	liberia	NOUN
esutjss-88	150	34	239.3161	239.3161	NUM
esutjss-88	150	35	0.0000	0.0000	NUM
esutjss-88	150	36	124.3513	124.3513	NUM
esutjss-88	150	37	0.0000	0.0000	NUM
esutjss-88	150	38	nigeria	nigeria	NOUN
esutjss-88	150	39	225.6890	225.6890	NUM
esutjss-88	150	40	0.0000	0.0000	NUM
esutjss-88	150	41	81.5542	81.5542	NUM
esutjss-88	150	42	0.0000	0.0000	NUM
esutjss-88	150	43	hypothesis	hypothesis	NOUN
esutjss-88	150	44	of	of	ADP
esutjss-88	150	45	at	at	ADP
esutjss-88	150	46	most	most	ADJ
esutjss-88	150	47	1	1	NUM
esutjss-88	150	48	cointegration	cointegration	NOUN
esutjss-88	150	49	relationship	relationship	NOUN
esutjss-88	150	50	benin	benin	PROPN
esutjss-88	150	51	156.9767	156.9767	NUM
esutjss-88	150	52	0.0000	0.0000	NUM
esutjss-88	150	53	61.2830	61.2830	NUM
esutjss-88	150	54	0.0000	0.0000	NUM
esutjss-88	150	55	cote	cote	X
esutjss-88	150	56	d’ivoire	d’ivoire	NOUN
esutjss-88	150	57	166.7931	166.7931	NUM
esutjss-88	150	58	0.0000	0.0000	NUM
esutjss-88	150	59	98.0344	98.0344	NUM
esutjss-88	151	1	0.0000	0.0000	NUM
esutjss-88	151	2	ghana	ghana	PROPN
esutjss-88	151	3	134.6532	134.6532	NUM
esutjss-88	151	4	0.0000	0.0000	NUM
esutjss-88	151	5	50.6129	50.6129	NUM
esutjss-88	151	6	0.0002	0.0002	NUM
esutjss-88	151	7	liberia	liberia	PROPN
esutjss-88	151	8	114.9649	114.9649	NUM
esutjss-88	151	9	0.0000	0.0000	NUM
esutjss-88	151	10	48.8971	48.8971	NUM
esutjss-88	151	11	0.0004	0.0004	NUM
esutjss-88	151	12	nigeria	nigeria	PROPN
esutjss-88	151	13	144.1348	144.1348	NUM
esutjss-88	151	14	0.0000	0.0000	NUM
esutjss-88	151	15	55.9884	55.9884	NUM
esutjss-88	151	16	0.0000	0.0000	NUM
esutjss-88	151	17	hypothesis	hypothesis	NOUN
esutjss-88	151	18	of	of	ADP
esutjss-88	151	19	at	at	ADP
esutjss-88	151	20	most	most	ADJ
esutjss-88	151	21	2	2	NUM
esutjss-88	151	22	cointegration	cointegration	NOUN
esutjss-88	151	23	relationship	relationship	NOUN
esutjss-88	151	24	benin	benin	PROPN
esutjss-88	151	25	95.6937	95.6937	NUM
esutjss-88	152	1	0.0000	0.0000	NUM
esutjss-88	152	2	50.0168	50.0168	NUM
esutjss-88	152	3	0.0000	0.0000	NUM
esutjss-88	152	4	cote	cote	X
esutjss-88	152	5	d’ivoire	d’ivoire	NOUN
esutjss-88	152	6	68.7588	68.7588	NUM
esutjss-88	152	7	0.0002	0.0002	NUM
esutjss-88	152	8	30.3448	30.3448	NUM
esutjss-88	152	9	0.0215	0.0215	NUM
esutjss-88	152	10	ghana	ghana	PROPN
esutjss-88	152	11	84.0402	84.0402	NUM
esutjss-88	153	1	0.0000	0.0000	NUM
esutjss-88	153	2	47.9136	47.9136	NUM
esutjss-88	153	3	0.0000	0.0000	NUM
esutjss-88	153	4	liberia	liberia	NOUN
esutjss-88	153	5	66.0617	66.0617	NUM
esutjss-88	153	6	0.0004	0.0004	NUM
esutjss-88	153	7	27.6856	27.6856	NUM
esutjss-88	153	8	0.0485	0.0485	NUM
esutjss-88	153	9	nigeria	nigeria	PROPN
esutjss-88	153	10	88.1463	88.1463	NUM
esutjss-88	153	11	0.0000	0.0000	NUM
esutjss-88	153	12	54.1357	54.1357	NUM
esutjss-88	153	13	0.0000	0.0000	NUM
esutjss-88	153	14	hypothesis	hypothesis	NOUN
esutjss-88	153	15	of	of	ADP
esutjss-88	153	16	at	at	ADP
esutjss-88	153	17	most	most	ADJ
esutjss-88	153	18	3	3	NUM
esutjss-88	153	19	cintegration	cintegration	NOUN
esutjss-88	153	20	relationship	relationship	NOUN
esutjss-88	153	21	benin	benin	PROPN
esutjss-88	153	22	45.6769	45.6769	NUM
esutjss-88	153	23	0.0004	0.0004	NUM
esutjss-88	153	24	28.8479	28.8479	NUM
esutjss-88	153	25	0.0034	0.0034	NUM
esutjss-88	153	26	cote	cote	PROPN
esutjss-88	153	27	d’ivoire	d’ivoire	NOUN
esutjss-88	153	28	38.4140	38.4140	NUM
esutjss-88	153	29	0.0040	0.0040	NUM
esutjss-88	153	30	26.0449	26.0449	NUM
esutjss-88	153	31	0.0094	0.0094	NUM
esutjss-88	153	32	ghana	ghana	PROPN
esutjss-88	153	33	36.1266	36.1266	NUM
esutjss-88	153	34	0.0082	0.0082	NUM
esutjss-88	153	35	25.3588	25.3588	NUM
esutjss-88	153	36	0.0120	0.0120	NUM
esutjss-88	153	37	liberia	liberia	PROPN
esutjss-88	153	38	38.3821	38.3821	NUM
esutjss-88	153	39	0.0040	0.0040	NUM
esutjss-88	153	40	24.6588	24.6588	NUM
esutjss-88	153	41	0.0153	0.0153	NUM
esutjss-88	153	42	nigeria	nigeria	PROPN
esutjss-88	153	43	34.0107	34.0107	NUM
esutjss-88	153	44	0.0154	0.0154	NUM
esutjss-88	153	45	17.7138	17.7138	NUM
esutjss-88	153	46	0.1409	0.1409	NUM
esutjss-88	153	47	hypothesis	hypothesis	NOUN
esutjss-88	153	48	of	of	ADP
esutjss-88	153	49	at	at	ADV
esutjss-88	153	50	most	most	ADV
esutjss-88	153	51	4	4	NUM
esutjss-88	153	52	cointegration	cointegration	NOUN
esutjss-88	153	53	relationship	relationship	NOUN
esutjss-88	153	54	benin	benin	PROPN
esutjss-88	153	55	16.8289	16.8289	NUM
esutjss-88	153	56	0.0313	0.0313	NUM
esutjss-88	153	57	15.1998	15.1998	NUM
esutjss-88	153	58	0.0355	0.0355	NUM
esutjss-88	153	59	cote	cote	X
esutjss-88	153	60	d’ivoire	d’ivoire	NOUN
esutjss-88	153	61	12.3691	12.3691	NUM
esutjss-88	153	62	0.1401	0.1401	NUM
esutjss-88	153	63	11.4872	11.4872	NUM
esutjss-88	153	64	0.1314	0.1314	NUM
esutjss-88	153	65	ghana	ghana	PROPN
esutjss-88	153	66	10.7678	10.7678	NUM
esutjss-88	153	67	0.2262	0.2262	NUM
esutjss-88	153	68	7.9923	7.9923	NUM
esutjss-88	153	69	0.3795	0.3795	NUM
esutjss-88	153	70	liberia	liberia	PROPN
esutjss-88	153	71	13.7233	13.7233	NUM
esutjss-88	153	72	0.0908	0.0908	NUM
esutjss-88	153	73	11.5914	11.5914	NUM
esutjss-88	153	74	0.1270	0.1270	NUM
esutjss-88	153	75	nigeria	nigeria	PROPN
esutjss-88	153	76	7.1109	7.1109	NUM
esutjss-88	153	77	0.0077	0.0077	NUM
esutjss-88	153	78	7.1109	7.1109	NUM
esutjss-88	153	79	0.0077	0.0077	NUM
esutjss-88	153	80	*	*	PUNCT
esutjss-88	153	81	*	*	PROPN
esutjss-88	153	82	mackinnin	mackinnin	NOUN
esutjss-88	153	83	-	-	PUNCT
esutjss-88	153	84	haug	haug	NOUN
esutjss-88	153	85	-	-	PUNCT
esutjss-88	153	86	michelis	michelis	PROPN
esutjss-88	153	87	(	(	PUNCT
esutjss-88	153	88	1999	1999	NUM
esutjss-88	153	89	)	)	PUNCT
esutjss-88	153	90	p	p	NOUN
esutjss-88	153	91	-	-	PUNCT
esutjss-88	153	92	values	value	NOUN
esutjss-88	153	93	source	source	NOUN
esutjss-88	153	94	:	:	PUNCT
esutjss-88	153	95	researchers	researcher	NOUN
esutjss-88	153	96	’	'	PUNCT
esutjss-88	153	97	computation	computation	NOUN
esutjss-88	153	98	using	use	VERB
esutjss-88	153	99	e	e	NOUN
esutjss-88	153	100	-	-	NOUN
esutjss-88	153	101	view	view	VERB
esutjss-88	153	102	11.0	11.0	NUM
esutjss-88	153	103	domestic	domestic	ADJ
esutjss-88	153	104	savings	saving	NOUN
esutjss-88	153	105	the	the	DET
esutjss-88	153	106	cointegration	cointegration	NOUN
esutjss-88	153	107	test	test	NOUN
esutjss-88	153	108	of	of	ADP
esutjss-88	153	109	the	the	DET
esutjss-88	153	110	cross	cross	NOUN
esutjss-88	153	111	section	section	NOUN
esutjss-88	153	112	of	of	ADP
esutjss-88	153	113	the	the	DET
esutjss-88	153	114	countries	country	NOUN
esutjss-88	153	115	involved	involve	VERB
esutjss-88	153	116	showed	show	VERB
esutjss-88	153	117	that	that	SCONJ
esutjss-88	153	118	there	there	PRON
esutjss-88	153	119	are	be	VERB
esutjss-88	153	120	existence	existence	NOUN
esutjss-88	153	121	of	of	ADP
esutjss-88	153	122	long	long	ADJ
esutjss-88	153	123	-	-	PUNCT
esutjss-88	153	124	run	run	NOUN
esutjss-88	153	125	relationship	relationship	NOUN
esutjss-88	153	126	between	between	ADP
esutjss-88	153	127	financial	financial	ADJ
esutjss-88	153	128	liberalization	liberalization	NOUN
esutjss-88	153	129	and	and	CCONJ
esutjss-88	153	130	domestic	domestic	ADJ
esutjss-88	153	131	saving	saving	NOUN
esutjss-88	153	132	in	in	ADP
esutjss-88	153	133	the	the	DET
esutjss-88	153	134	selected	select	VERB
esutjss-88	153	135	ecowas	ecowas	PROPN
esutjss-88	153	136	countries	country	NOUN
esutjss-88	153	137	.	.	PUNCT
esutjss-88	154	1	there	there	PRON
esutjss-88	154	2	is	be	VERB
esutjss-88	154	3	a	a	DET
esutjss-88	154	4	hypothesis	hypothesis	NOUN
esutjss-88	154	5	of	of	ADP
esutjss-88	154	6	at	at	ADV
esutjss-88	154	7	most	most	ADV
esutjss-88	154	8	five	five	NUM
esutjss-88	154	9	cointegration	cointegration	NOUN
esutjss-88	154	10	relationships	relationship	NOUN
esutjss-88	154	11	at	at	ADP
esutjss-88	154	12	both	both	CCONJ
esutjss-88	154	13	the	the	DET
esutjss-88	154	14	1	1	NUM
esutjss-88	154	15	percent	percent	NOUN
esutjss-88	154	16	and	and	CCONJ
esutjss-88	154	17	5	5	NUM
esutjss-88	154	18	percent	percent	NOUN
esutjss-88	154	19	significant	significant	ADJ
esutjss-88	154	20	values	value	NOUN
esutjss-88	154	21	.	.	PUNCT
esutjss-88	155	1	panel	panel	NOUN
esutjss-88	155	2	var	var	PROPN
esutjss-88	155	3	lag	lag	PROPN
esutjss-88	155	4	order	order	NOUN
esutjss-88	155	5	selection	selection	NOUN
esutjss-88	155	6	criteria	criterion	NOUN
esutjss-88	155	7	test	test	NOUN
esutjss-88	155	8	panel	panel	NOUN
esutjss-88	155	9	var	var	NOUN
esutjss-88	155	10	analysis	analysis	NOUN
esutjss-88	155	11	is	be	AUX
esutjss-88	155	12	predicated	predicate	VERB
esutjss-88	155	13	upon	upon	SCONJ
esutjss-88	155	14	choosing	choose	VERB
esutjss-88	155	15	the	the	DET
esutjss-88	155	16	optimal	optimal	ADJ
esutjss-88	155	17	lag	lag	NOUN
esutjss-88	155	18	order	order	NOUN
esutjss-88	155	19	in	in	ADP
esutjss-88	155	20	both	both	DET
esutjss-88	155	21	panel	panel	NOUN
esutjss-88	155	22	var	var	NOUN
esutjss-88	155	23	specification	specification	NOUN
esutjss-88	155	24	and	and	CCONJ
esutjss-88	155	25	moment	moment	NOUN
esutjss-88	155	26	condition	condition	NOUN
esutjss-88	155	27	.	.	PUNCT
esutjss-88	156	1	andrews	andrews	PROPN
esutjss-88	156	2	and	and	CCONJ
esutjss-88	156	3	lu	lu	PROPN
esutjss-88	156	4	(	(	PUNCT
esutjss-88	156	5	2001	2001	NUM
esutjss-88	156	6	)	)	PUNCT
esutjss-88	156	7	proposed	propose	VERB
esutjss-88	156	8	mmsc	mmsc	PROPN
esutjss-88	156	9	for	for	ADP
esutjss-88	156	10	gmm	gmm	NOUN
esutjss-88	156	11	models	model	NOUN
esutjss-88	156	12	based	base	VERB
esutjss-88	156	13	on	on	ADP
esutjss-88	156	14	hansen	hansen	PROPN
esutjss-88	156	15	’s	’s	PART
esutjss-88	156	16	(	(	PUNCT
esutjss-88	156	17	1982	1982	NUM
esutjss-88	156	18	)	)	PUNCT
esutjss-88	156	19	j	j	PROPN
esutjss-88	156	20	statistic	statistic	NOUN
esutjss-88	156	21	of	of	ADP
esutjss-88	156	22	over	over	ADP
esutjss-88	156	23	identifying	identify	VERB
esutjss-88	156	24	restrictions	restriction	NOUN
esutjss-88	156	25	.	.	PUNCT
esutjss-88	157	1	their	their	PRON
esutjss-88	157	2	proposed	propose	VERB
esutjss-88	157	3	mmsc	mmsc	NOUN
esutjss-88	157	4	are	be	AUX
esutjss-88	157	5	analogous	analogous	ADJ
esutjss-88	157	6	to	to	ADP
esutjss-88	157	7	various	various	ADJ
esutjss-88	157	8	commonly	commonly	ADV
esutjss-88	157	9	used	use	VERB
esutjss-88	157	10	maximum	maximum	ADJ
esutjss-88	157	11	likelihood	likelihood	NOUN
esutjss-88	157	12	-	-	PUNCT
esutjss-88	157	13	based	base	VERB
esutjss-88	157	14	model	model	NOUN
esutjss-88	157	15	selection	selection	NOUN
esutjss-88	157	16	criteria	criterion	NOUN
esutjss-88	157	17	,	,	PUNCT
esutjss-88	157	18	namely	namely	ADV
esutjss-88	157	19	,	,	PUNCT
esutjss-88	157	20	the	the	DET
esutjss-88	157	21	akaike	akaike	ADJ
esutjss-88	157	22	information	information	NOUN
esutjss-88	157	23	criteria	criterion	NOUN
esutjss-88	157	24	(	(	PUNCT
esutjss-88	157	25	aic	aic	PROPN
esutjss-88	157	26	)	)	PUNCT
esutjss-88	157	27	(	(	PUNCT
esutjss-88	157	28	akaike	akaike	ADJ
esutjss-88	157	29	1969	1969	NUM
esutjss-88	157	30	)	)	PUNCT
esutjss-88	157	31	,	,	PUNCT
esutjss-88	157	32	the	the	DET
esutjss-88	157	33	bayesian	bayesian	NOUN
esutjss-88	157	34	information	information	NOUN
esutjss-88	157	35	criteria	criterion	NOUN
esutjss-88	157	36	(	(	PUNCT
esutjss-88	157	37	bic	bic	PROPN
esutjss-88	157	38	)	)	PUNCT
esutjss-88	157	39	(	(	PUNCT
esutjss-88	157	40	schwarz	schwarz	NOUN
esutjss-88	157	41	,	,	PUNCT
esutjss-88	157	42	1978	1978	NUM
esutjss-88	157	43	;	;	PUNCT
esutjss-88	157	44	rissanen	rissanen	NOUN
esutjss-88	157	45	,	,	PUNCT
esutjss-88	157	46	1978	1978	NUM
esutjss-88	157	47	,	,	PUNCT
esutjss-88	157	48	akaike	akaike	ADP
esutjss-88	157	49	1977	1977	NUM
esutjss-88	157	50	)	)	PUNCT
esutjss-88	157	51	,	,	PUNCT
esutjss-88	157	52	and	and	CCONJ
esutjss-88	157	53	the	the	DET
esutjss-88	157	54	hannanquinn	hannanquinn	ADJ
esutjss-88	157	55	information	information	NOUN
esutjss-88	157	56	criteria	criterion	NOUN
esutjss-88	157	57	(	(	PUNCT
esutjss-88	157	58	hqic	hqic	NOUN
esutjss-88	157	59	)	)	PUNCT
esutjss-88	157	60	(	(	PUNCT
esutjss-88	157	61	hannan	hannan	PROPN
esutjss-88	157	62	&	&	CCONJ
esutjss-88	157	63	quinn	quinn	PROPN
esutjss-88	157	64	,	,	PUNCT
esutjss-88	157	65	1979	1979	NUM
esutjss-88	157	66	)	)	PUNCT
esutjss-88	157	67	.	.	PUNCT
esutjss-88	158	1	correct	correct	ADJ
esutjss-88	158	2	lag	lag	NOUN
esutjss-88	158	3	-	-	PUNCT
esutjss-88	158	4	length	length	NOUN
esutjss-88	158	5	selection	selection	NOUN
esutjss-88	158	6	is	be	AUX
esutjss-88	158	7	critical	critical	ADJ
esutjss-88	158	8	for	for	ADP
esutjss-88	158	9	pvar	pvar	NOUN
esutjss-88	158	10	since	since	SCONJ
esutjss-88	158	11	excessively	excessively	ADV
esutjss-88	158	12	short	short	ADJ
esutjss-88	158	13	lags	lag	NOUN
esutjss-88	158	14	may	may	AUX
esutjss-88	158	15	fail	fail	VERB
esutjss-88	158	16	to	to	PART
esutjss-88	158	17	capture	capture	VERB
esutjss-88	158	18	the	the	DET
esutjss-88	158	19	system	system	NOUN
esutjss-88	158	20	’s	’s	PART
esutjss-88	158	21	dynamics	dynamic	NOUN
esutjss-88	158	22	,	,	PUNCT
esutjss-88	158	23	lead	lead	VERB
esutjss-88	158	24	to	to	ADP
esutjss-88	158	25	omitted	omit	VERB
esutjss-88	158	26	variables	variable	NOUN
esutjss-88	158	27	,	,	PUNCT
esutjss-88	158	28	bias	bias	VERB
esutjss-88	158	29	the	the	DET
esutjss-88	158	30	remaining	remain	VERB
esutjss-88	158	31	coefficients	coefficient	NOUN
esutjss-88	158	32	,	,	PUNCT
esutjss-88	158	33	and	and	CCONJ
esutjss-88	158	34	likely	likely	ADV
esutjss-88	158	35	produce	produce	VERB
esutjss-88	158	36	serially	serially	ADV
esutjss-88	158	37	correlated	correlate	VERB
esutjss-88	158	38	errors	error	NOUN
esutjss-88	158	39	.	.	PUNCT
esutjss-88	159	1	meanwhile	meanwhile	ADV
esutjss-88	159	2	too	too	ADV
esutjss-88	159	3	many	many	ADJ
esutjss-88	159	4	long	long	ADJ
esutjss-88	159	5	a	a	DET
esutjss-88	159	6	lag	lag	NOUN
esutjss-88	159	7	leads	lead	VERB
esutjss-88	159	8	to	to	ADP
esutjss-88	159	9	a	a	DET
esutjss-88	159	10	rapid	rapid	ADJ
esutjss-88	159	11	loss	loss	NOUN
esutjss-88	159	12	of	of	ADP
esutjss-88	159	13	degrees	degree	NOUN
esutjss-88	159	14	of	of	ADP
esutjss-88	159	15	freedom	freedom	NOUN
esutjss-88	159	16	and	and	CCONJ
esutjss-88	159	17	to	to	ADP
esutjss-88	159	18	over	over	ADP
esutjss-88	159	19	parameterization	parameterization	NOUN
esutjss-88	159	20	.	.	PUNCT
esutjss-88	160	1	given	give	VERB
esutjss-88	160	2	that	that	SCONJ
esutjss-88	160	3	the	the	DET
esutjss-88	160	4	number	number	NOUN
esutjss-88	160	5	of	of	ADP
esutjss-88	160	6	variables	variable	NOUN
esutjss-88	160	7	included	include	VERB
esutjss-88	160	8	in	in	ADP
esutjss-88	160	9	pvar	pvar	NOUN
esutjss-88	160	10	and	and	CCONJ
esutjss-88	160	11	the	the	DET
esutjss-88	160	12	time	time	NOUN
esutjss-88	160	13	dimension	dimension	NOUN
esutjss-88	160	14	of	of	ADP
esutjss-88	160	15	the	the	DET
esutjss-88	160	16	time	time	NOUN
esutjss-88	160	17	series	series	NOUN
esutjss-88	160	18	,	,	PUNCT
esutjss-88	160	19	the	the	DET
esutjss-88	160	20	system	system	NOUN
esutjss-88	160	21	can	can	AUX
esutjss-88	160	22	not	not	PART
esutjss-88	160	23	be	be	AUX
esutjss-88	160	24	tested	test	VERB
esutjss-88	160	25	for	for	ADP
esutjss-88	160	26	a	a	DET
esutjss-88	160	27	lag	lag	NOUN
esutjss-88	160	28	length	length	NOUN
esutjss-88	160	29	more	more	ADJ
esutjss-88	160	30	than	than	ADP
esutjss-88	160	31	three	three	NUM
esutjss-88	160	32	(	(	PUNCT
esutjss-88	160	33	imf	imf	PROPN
esutjss-88	160	34	,	,	PUNCT
esutjss-88	160	35	2000	2000	NUM
esutjss-88	160	36	)	)	PUNCT
esutjss-88	160	37	.	.	PUNCT
esutjss-88	161	1	table	table	NOUN
esutjss-88	161	2	5	5	NUM
esutjss-88	161	3	:	:	PUNCT
esutjss-88	161	4	pvar	pvar	NOUN
esutjss-88	161	5	lag	lag	NOUN
esutjss-88	161	6	selection	selection	NOUN
esutjss-88	161	7	criteria	criterion	NOUN
esutjss-88	161	8	lag	lag	VERB
esutjss-88	161	9	logl	logl	NOUN
esutjss-88	161	10	lr	lr	PROPN
esutjss-88	161	11	fpe	fpe	PROPN
esutjss-88	161	12	aic	aic	PROPN
esutjss-88	161	13	sc	sc	PROPN
esutjss-88	161	14	hq	hq	PROPN
esutjss-88	161	15	0	0	NUM
esutjss-88	162	1	-3934.303	-3934.303	PUNCT
esutjss-88	162	2	na	na	ADP
esutjss-88	162	3	1.45e+12	1.45e+12	PROPN
esutjss-88	162	4	45.03204	45.03204	NUM
esutjss-88	163	1	45.14054	45.14054	NUM
esutjss-88	163	2	45.07605	45.07605	NUM
esutjss-88	163	3	1	1	NUM
esutjss-88	163	4	-3190.267	-3190.267	ADP
esutjss-88	163	5	1428.549	1428.549	NUM
esutjss-88	163	6	4.45e+08	4.45e+08	NUM
esutjss-88	163	7	36.94020	36.94020	NUM
esutjss-88	163	8	37.69975	37.69975	NUM
esutjss-88	163	9	37.24821	37.24821	NUM
esutjss-88	163	10	2	2	NUM
esutjss-88	163	11	-3101.846	-3101.846	NUM
esutjss-88	163	12	69.51928	69.51928	NUM
esutjss-88	164	1	4.38e+08	4.38e+08	NUM
esutjss-88	164	2	36.92249	36.92249	NUM
esutjss-88	164	3	38.33308	38.33308	NUM
esutjss-88	164	4	37.49467	37.49467	NUM
esutjss-88	164	5	3	3	NUM
esutjss-88	164	6	-3152.718	-3152.718	SYM
esutjss-88	164	7	90.6972	90.6972	NUM
esutjss-88	164	8	3.71e+084	3.71e+084	NUM
esutjss-88	164	9	36.75253	36.75253	NUM
esutjss-88	164	10	38.81416	38.81416	NUM
esutjss-88	164	11	37.58879	37.58879	NUM
esutjss-88	164	12	4	4	NUM
esutjss-88	164	13	-3078.530	-3078.530	SYM
esutjss-88	164	14	39.97040	39.97040	NUM
esutjss-88	164	15	4.31e+08	4.31e+08	NUM
esutjss-88	164	16	36.89749	36.89749	NUM
esutjss-88	164	17	39.61016	39.61016	NUM
esutjss-88	164	18	37.99783	37.99783	NUM
esutjss-88	164	19	note	note	NOUN
esutjss-88	164	20	:	:	PUNCT
esutjss-88	164	21	*	*	PUNCT
esutjss-88	164	22	indicates	indicate	VERB
esutjss-88	164	23	lag	lag	NOUN
esutjss-88	164	24	order	order	NOUN
esutjss-88	164	25	selected	select	VERB
esutjss-88	164	26	by	by	ADP
esutjss-88	164	27	the	the	DET
esutjss-88	164	28	criterion	criterion	NOUN
esutjss-88	164	29	lr	lr	INTJ
esutjss-88	164	30	:	:	PUNCT
esutjss-88	164	31	sequential	sequential	ADJ
esutjss-88	164	32	modified	modify	VERB
esutjss-88	164	33	lr	lr	X
esutjss-88	164	34	test	test	NOUN
esutjss-88	164	35	statistic	statistic	NOUN
esutjss-88	164	36	(	(	PUNCT
esutjss-88	164	37	test	test	NOUN
esutjss-88	164	38	at	at	ADP
esutjss-88	164	39	5	5	NUM
esutjss-88	164	40	%	%	NOUN
esutjss-88	164	41	level	level	NOUN
esutjss-88	164	42	)	)	PUNCT
esutjss-88	164	43	fpe	fpe	NOUN
esutjss-88	164	44	:	:	PUNCT
esutjss-88	164	45	final	final	ADJ
esutjss-88	164	46	prediction	prediction	NOUN
esutjss-88	164	47	error	error	NOUN
esutjss-88	164	48	aic	aic	PROPN
esutjss-88	164	49	:	:	PUNCT
esutjss-88	164	50	akaike	akaike	ADJ
esutjss-88	164	51	information	information	NOUN
esutjss-88	164	52	criterion	criterion	PROPN
esutjss-88	164	53	sc	sc	PROPN
esutjss-88	164	54	:	:	PUNCT
esutjss-88	164	55	schewarz	schewarz	PROPN
esutjss-88	164	56	information	information	NOUN
esutjss-88	164	57	criterion	criterion	NOUN
esutjss-88	164	58	hq	hq	NOUN
esutjss-88	164	59	:	:	PUNCT
esutjss-88	164	60	hannan	hannan	PROPN
esutjss-88	164	61	-	-	PUNCT
esutjss-88	164	62	quinn	quinn	PROPN
esutjss-88	164	63	information	information	NOUN
esutjss-88	164	64	criterion	criterion	NOUN
esutjss-88	164	65	source	source	NOUN
esutjss-88	164	66	:	:	PUNCT
esutjss-88	164	67	researchers	researcher	NOUN
esutjss-88	164	68	’	'	PUNCT
esutjss-88	164	69	computation	computation	NOUN
esutjss-88	164	70	using	use	VERB
esutjss-88	164	71	e	e	NOUN
esutjss-88	164	72	-	-	NOUN
esutjss-88	164	73	view	view	VERB
esutjss-88	164	74	11.0	11.0	NUM
esutjss-88	164	75	using	use	VERB
esutjss-88	164	76	the	the	DET
esutjss-88	164	77	sample	sample	NOUN
esutjss-88	164	78	period	period	NOUN
esutjss-88	164	79	by	by	ADP
esutjss-88	164	80	taking	take	VERB
esutjss-88	164	81	into	into	ADP
esutjss-88	164	82	account	account	NOUN
esutjss-88	164	83	the	the	DET
esutjss-88	164	84	number	number	NOUN
esutjss-88	164	85	of	of	ADP
esutjss-88	164	86	lost	lose	VERB
esutjss-88	164	87	observation	observation	NOUN
esutjss-88	164	88	with	with	ADP
esutjss-88	164	89	each	each	DET
esutjss-88	164	90	additional	additional	ADJ
esutjss-88	164	91	lag	lag	NOUN
esutjss-88	164	92	,	,	PUNCT
esutjss-88	164	93	the	the	DET
esutjss-88	164	94	lowest	low	ADJ
esutjss-88	164	95	value	value	NOUN
esutjss-88	164	96	of	of	ADP
esutjss-88	164	97	the	the	DET
esutjss-88	164	98	criteria	criterion	NOUN
esutjss-88	164	99	for	for	ADP
esutjss-88	164	100	the	the	DET
esutjss-88	164	101	same	same	ADJ
esutjss-88	164	102	four	four	NUM
esutjss-88	164	103	countries	country	NOUN
esutjss-88	164	104	attested	attest	VERB
esutjss-88	164	105	that	that	SCONJ
esutjss-88	164	106	a	a	DET
esutjss-88	164	107	uniform	uniform	ADJ
esutjss-88	164	108	lag	lag	NOUN
esutjss-88	164	109	-	-	PUNCT
esutjss-88	164	110	length	length	NOUN
esutjss-88	164	111	of	of	ADP
esutjss-88	164	112	three	three	NUM
esutjss-88	164	113	as	as	SCONJ
esutjss-88	164	114	shown	show	VERB
esutjss-88	164	115	in	in	ADP
esutjss-88	164	116	table	table	NOUN
esutjss-88	164	117	5	5	NUM
esutjss-88	164	118	should	should	AUX
esutjss-88	164	119	be	be	AUX
esutjss-88	164	120	selected	select	VERB
esutjss-88	164	121	.	.	PUNCT
esutjss-88	165	1	a	a	DET
esutjss-88	165	2	lag	lag	NOUN
esutjss-88	165	3	-	-	PUNCT
esutjss-88	165	4	length	length	NOUN
esutjss-88	165	5	of	of	ADP
esutjss-88	165	6	one	one	NUM
esutjss-88	165	7	was	be	AUX
esutjss-88	165	8	not	not	PART
esutjss-88	165	9	sufficient	sufficient	ADJ
esutjss-88	165	10	to	to	PART
esutjss-88	165	11	yield	yield	VERB
esutjss-88	165	12	a	a	DET
esutjss-88	165	13	white	white	ADJ
esutjss-88	165	14	noise	noise	NOUN
esutjss-88	165	15	residual	residual	ADJ
esutjss-88	165	16	in	in	ADP
esutjss-88	165	17	a	a	DET
esutjss-88	165	18	number	number	NOUN
esutjss-88	165	19	of	of	ADP
esutjss-88	165	20	cases	case	NOUN
esutjss-88	165	21	.	.	PUNCT
esutjss-88	166	1	impulse	impulse	ADJ
esutjss-88	166	2	response	response	NOUN
esutjss-88	166	3	function	function	NOUN
esutjss-88	166	4	(	(	PUNCT
esutjss-88	166	5	irfs	irfs	PROPN
esutjss-88	166	6	)	)	PUNCT
esutjss-88	166	7	test	test	NOUN
esutjss-88	166	8	the	the	DET
esutjss-88	166	9	generalized	generalize	VERB
esutjss-88	166	10	irfs	irf	NOUN
esutjss-88	166	11	,	,	PUNCT
esutjss-88	166	12	traces	trace	VERB
esutjss-88	166	13	out	out	ADP
esutjss-88	166	14	the	the	DET
esutjss-88	166	15	responsiveness	responsiveness	NOUN
esutjss-88	166	16	of	of	ADP
esutjss-88	166	17	the	the	DET
esutjss-88	166	18	dependent	dependent	ADJ
esutjss-88	166	19	variable	variable	ADJ
esutjss-88	166	20	domestic	domestic	ADJ
esutjss-88	166	21	saving	saving	NOUN
esutjss-88	166	22	in	in	ADP
esutjss-88	166	23	selected	select	VERB
esutjss-88	166	24	ecowas	ecowas	PROPN
esutjss-88	166	25	countries	country	NOUN
esutjss-88	166	26	to	to	ADP
esutjss-88	166	27	shocks	shock	NOUN
esutjss-88	166	28	of	of	ADP
esutjss-88	166	29	each	each	PRON
esutjss-88	166	30	of	of	ADP
esutjss-88	166	31	the	the	DET
esutjss-88	166	32	variables	variable	NOUN
esutjss-88	166	33	:	:	PUNCT
esutjss-88	166	34	domestic	domestic	ADJ
esutjss-88	166	35	credit	credit	NOUN
esutjss-88	166	36	,	,	PUNCT
esutjss-88	166	37	broad	broad	ADJ
esutjss-88	166	38	money	money	NOUN
esutjss-88	166	39	supply	supply	NOUN
esutjss-88	166	40	and	and	CCONJ
esutjss-88	166	41	interest	interest	NOUN
esutjss-88	166	42	rate	rate	NOUN
esutjss-88	166	43	spread	spread	NOUN
esutjss-88	166	44	)	)	PUNCT
esutjss-88	166	45	financial	financial	ADJ
esutjss-88	166	46	liberalization	liberalization	NOUN
esutjss-88	166	47	dummy	dummy	NOUN
esutjss-88	166	48	and	and	CCONJ
esutjss-88	166	49	growth	growth	NOUN
esutjss-88	166	50	rate	rate	NOUN
esutjss-88	166	51	(	(	PUNCT
esutjss-88	166	52	not	not	PART
esutjss-88	166	53	presented	present	VERB
esutjss-88	166	54	here	here	ADV
esutjss-88	166	55	)	)	PUNCT
esutjss-88	166	56	.	.	PUNCT
esutjss-88	167	1	for	for	ADP
esutjss-88	167	2	each	each	DET
esutjss-88	167	3	equation	equation	NOUN
esutjss-88	167	4	,	,	PUNCT
esutjss-88	167	5	a	a	DET
esutjss-88	167	6	unit	unit	NOUN
esutjss-88	167	7	shock	shock	NOUN
esutjss-88	167	8	is	be	AUX
esutjss-88	167	9	applied	apply	VERB
esutjss-88	167	10	to	to	ADP
esutjss-88	167	11	the	the	DET
esutjss-88	167	12	error	error	NOUN
esutjss-88	167	13	,	,	PUNCT
esutjss-88	167	14	and	and	CCONJ
esutjss-88	167	15	the	the	DET
esutjss-88	167	16	effects	effect	NOUN
esutjss-88	167	17	upon	upon	SCONJ
esutjss-88	167	18	the	the	DET
esutjss-88	167	19	system	system	NOUN
esutjss-88	167	20	over	over	ADP
esutjss-88	167	21	10	10	NUM
esutjss-88	167	22	horizons	horizon	NOUN
esutjss-88	167	23	are	be	AUX
esutjss-88	167	24	noted	note	VERB
esutjss-88	167	25	.	.	PUNCT
esutjss-88	168	1	since	since	SCONJ
esutjss-88	168	2	the	the	DET
esutjss-88	168	3	study	study	NOUN
esutjss-88	168	4	has	have	VERB
esutjss-88	168	5	six	six	NUM
esutjss-88	168	6	variables	variable	NOUN
esutjss-88	168	7	,	,	PUNCT
esutjss-88	168	8	a	a	DET
esutjss-88	168	9	total	total	NOUN
esutjss-88	168	10	of	of	ADP
esutjss-88	168	11	36	36	NUM
esutjss-88	168	12	impulses	impulse	NOUN
esutjss-88	168	13	could	could	AUX
esutjss-88	168	14	be	be	AUX
esutjss-88	168	15	generated	generate	VERB
esutjss-88	168	16	.	.	PUNCT
esutjss-88	169	1	however	however	ADV
esutjss-88	169	2	,	,	PUNCT
esutjss-88	169	3	since	since	SCONJ
esutjss-88	169	4	our	our	PRON
esutjss-88	169	5	objective	objective	NOUN
esutjss-88	169	6	is	be	AUX
esutjss-88	169	7	to	to	PART
esutjss-88	169	8	examine	examine	VERB
esutjss-88	169	9	the	the	DET
esutjss-88	169	10	effect	effect	NOUN
esutjss-88	169	11	of	of	ADP
esutjss-88	169	12	the	the	DET
esutjss-88	169	13	explanatory	explanatory	ADJ
esutjss-88	169	14	variables	variable	NOUN
esutjss-88	169	15	on	on	ADP
esutjss-88	169	16	the	the	DET
esutjss-88	169	17	dependent	dependent	ADJ
esutjss-88	169	18	variable	variable	NOUN
esutjss-88	169	19	(	(	PUNCT
esutjss-88	169	20	hhs	hhs	PROPN
esutjss-88	169	21	-	-	PUNCT
esutjss-88	169	22	housing	housing	NOUN
esutjss-88	169	23	saving	saving	NOUN
esutjss-88	169	24	)	)	PUNCT
esutjss-88	169	25	,	,	PUNCT
esutjss-88	169	26	we	we	PRON
esutjss-88	169	27	only	only	ADV
esutjss-88	169	28	trace	trace	VERB
esutjss-88	169	29	out	out	ADP
esutjss-88	169	30	273	273	NUM
esutjss-88	169	31	the	the	DET
esutjss-88	169	32	responsiveness	responsiveness	NOUN
esutjss-88	169	33	of	of	ADP
esutjss-88	169	34	the	the	DET
esutjss-88	169	35	independent	independent	ADJ
esutjss-88	169	36	variables	variable	NOUN
esutjss-88	169	37	on	on	ADP
esutjss-88	169	38	the	the	DET
esutjss-88	169	39	dependent	dependent	ADJ
esutjss-88	169	40	variable	variable	NOUN
esutjss-88	169	41	.	.	PUNCT
esutjss-88	170	1	sims	sim	NOUN
esutjss-88	170	2	(	(	PUNCT
esutjss-88	170	3	1980	1980	NUM
esutjss-88	170	4	)	)	PUNCT
esutjss-88	170	5	proposed	propose	VERB
esutjss-88	170	6	the	the	DET
esutjss-88	170	7	choleskydecomposition	choleskydecomposition	NOUN
esutjss-88	170	8	of	of	ADP
esutjss-88	170	9	ʃ	ʃ	PROPN
esutjss-88	170	10	to	to	PART
esutjss-88	170	11	impose	impose	VERB
esutjss-88	170	12	a	a	DET
esutjss-88	170	13	recursive	recursive	ADJ
esutjss-88	170	14	structure	structure	NOUN
esutjss-88	170	15	on	on	ADP
esutjss-88	170	16	a	a	DET
esutjss-88	170	17	panel	panel	NOUN
esutjss-88	170	18	var	var	NOUN
esutjss-88	170	19	.	.	PUNCT
esutjss-88	171	1	the	the	DET
esutjss-88	171	2	decomposition	decomposition	NOUN
esutjss-88	171	3	,	,	PUNCT
esutjss-88	171	4	however	however	ADV
esutjss-88	171	5	,	,	PUNCT
esutjss-88	171	6	is	be	AUX
esutjss-88	171	7	not	not	PART
esutjss-88	171	8	unique	unique	ADJ
esutjss-88	171	9	but	but	CCONJ
esutjss-88	171	10	depends	depend	VERB
esutjss-88	171	11	on	on	ADP
esutjss-88	171	12	the	the	DET
esutjss-88	171	13	ordering	ordering	NOUN
esutjss-88	171	14	of	of	ADP
esutjss-88	171	15	variables	variable	NOUN
esutjss-88	171	16	in	in	ADP
esutjss-88	171	17	ʃ	ʃ	PROPN
esutjss-88	171	18	.	.	PUNCT
esutjss-88	172	1	figure	figure	VERB
esutjss-88	172	2	5.1	5.1	NUM
esutjss-88	172	3	present	present	NOUN
esutjss-88	172	4	the	the	DET
esutjss-88	172	5	response	response	NOUN
esutjss-88	172	6	to	to	PART
esutjss-88	172	7	cholesky	cholesky	VERB
esutjss-88	172	8	one	one	NUM
esutjss-88	172	9	s.d	s.d	PROPN
esutjss-88	172	10	(	(	PUNCT
esutjss-88	172	11	d.f	d.f	PROPN
esutjss-88	172	12	adjusted	adjust	VERB
esutjss-88	172	13	)	)	PUNCT
esutjss-88	172	14	innovations	innovation	NOUN
esutjss-88	172	15	-2.5.e	-2.5.e	PROPN
esutjss-88	172	16	.	.	PUNCT
esutjss-88	173	1	the	the	DET
esutjss-88	173	2	impulse	impulse	ADJ
esutjss-88	173	3	responses	response	NOUN
esutjss-88	173	4	for	for	ADP
esutjss-88	173	5	the	the	DET
esutjss-88	173	6	recursive	recursive	ADJ
esutjss-88	173	7	var	var	NOUN
esutjss-88	173	8	,	,	PUNCT
esutjss-88	173	9	in	in	ADP
esutjss-88	173	10	response	response	NOUN
esutjss-88	173	11	to	to	ADP
esutjss-88	173	12	the	the	DET
esutjss-88	173	13	cholesky	cholesky	ADJ
esutjss-88	173	14	one	one	NUM
esutjss-88	173	15	s.d	s.d	PROPN
esutjss-88	173	16	.	.	PUNCT
esutjss-88	173	17	innovations	innovation	NOUN
esutjss-88	173	18	are	be	AUX
esutjss-88	173	19	plotted	plot	VERB
esutjss-88	173	20	.	.	PUNCT
esutjss-88	174	1	the	the	DET
esutjss-88	174	2	first	first	ADJ
esutjss-88	174	3	row	row	NOUN
esutjss-88	174	4	show	show	VERB
esutjss-88	174	5	the	the	DET
esutjss-88	174	6	effect	effect	NOUN
esutjss-88	174	7	of	of	ADP
esutjss-88	174	8	an	an	DET
esutjss-88	174	9	unexpected	unexpected	ADJ
esutjss-88	174	10	one	one	NUM
esutjss-88	174	11	percentage	percentage	NOUN
esutjss-88	174	12	point	point	NOUN
esutjss-88	174	13	increase	increase	NOUN
esutjss-88	174	14	in	in	ADP
esutjss-88	174	15	household	household	NOUN
esutjss-88	174	16	savings	saving	NOUN
esutjss-88	174	17	on	on	ADP
esutjss-88	174	18	the	the	DET
esutjss-88	174	19	financial	financial	ADJ
esutjss-88	174	20	liberalization	liberalization	NOUN
esutjss-88	174	21	variables	variable	NOUN
esutjss-88	174	22	(	(	PUNCT
esutjss-88	174	23	dcr	dcr	PROPN
esutjss-88	174	24	,	,	PUNCT
esutjss-88	174	25	bms	bms	PROPN
esutjss-88	174	26	,	,	PUNCT
esutjss-88	174	27	and	and	CCONJ
esutjss-88	174	28	irs	irs	PROPN
esutjss-88	174	29	)	)	PUNCT
esutjss-88	174	30	,	,	PUNCT
esutjss-88	174	31	financial	financial	ADJ
esutjss-88	174	32	liberalization	liberalization	NOUN
esutjss-88	174	33	dummy	dummy	NOUN
esutjss-88	174	34	and	and	CCONJ
esutjss-88	174	35	growth	growth	NOUN
esutjss-88	174	36	rate	rate	NOUN
esutjss-88	174	37	,	,	PUNCT
esutjss-88	174	38	as	as	SCONJ
esutjss-88	174	39	it	it	PRON
esutjss-88	174	40	works	work	VERB
esutjss-88	174	41	through	through	ADP
esutjss-88	174	42	the	the	DET
esutjss-88	174	43	recursive	recursive	ADJ
esutjss-88	174	44	var	var	NOUN
esutjss-88	174	45	systems	system	NOUN
esutjss-88	174	46	with	with	ADP
esutjss-88	174	47	the	the	DET
esutjss-88	174	48	coefficients	coefficient	NOUN
esutjss-88	174	49	estimated	estimate	VERB
esutjss-88	174	50	from	from	ADP
esutjss-88	174	51	actual	actual	ADJ
esutjss-88	174	52	data	datum	NOUN
esutjss-88	174	53	.	.	PUNCT
esutjss-88	175	1	the	the	DET
esutjss-88	175	2	second	second	ADJ
esutjss-88	175	3	,	,	PUNCT
esutjss-88	175	4	third	third	ADJ
esutjss-88	175	5	and	and	CCONJ
esutjss-88	175	6	fourth	fourth	ADJ
esutjss-88	175	7	rows	row	NOUN
esutjss-88	175	8	shows	show	VERB
esutjss-88	175	9	the	the	DET
esutjss-88	175	10	effect	effect	NOUN
esutjss-88	175	11	of	of	ADP
esutjss-88	175	12	an	an	DET
esutjss-88	175	13	unexpected	unexpected	ADJ
esutjss-88	175	14	increase	increase	NOUN
esutjss-88	175	15	of	of	ADP
esutjss-88	175	16	one	one	NUM
esutjss-88	175	17	percentage	percentage	NOUN
esutjss-88	175	18	point	point	NOUN
esutjss-88	175	19	in	in	ADP
esutjss-88	175	20	the	the	DET
esutjss-88	175	21	financial	financial	ADJ
esutjss-88	175	22	liberalization	liberalization	NOUN
esutjss-88	175	23	index	index	NOUN
esutjss-88	175	24	to	to	ADP
esutjss-88	175	25	household	household	NOUN
esutjss-88	175	26	savings	saving	NOUN
esutjss-88	175	27	.	.	PUNCT
esutjss-88	176	1	the	the	DET
esutjss-88	176	2	fifth	fifth	PROPN
esutjss-88	176	3	row	row	NOUN
esutjss-88	176	4	shows	show	VERB
esutjss-88	176	5	the	the	DET
esutjss-88	176	6	effect	effect	NOUN
esutjss-88	176	7	of	of	ADP
esutjss-88	176	8	an	an	DET
esutjss-88	176	9	unexpected	unexpected	ADJ
esutjss-88	176	10	increase	increase	NOUN
esutjss-88	176	11	of	of	ADP
esutjss-88	176	12	one	one	NUM
esutjss-88	176	13	percentage	percentage	NOUN
esutjss-88	176	14	point	point	NOUN
esutjss-88	176	15	in	in	ADP
esutjss-88	176	16	the	the	DET
esutjss-88	176	17	financial	financial	ADJ
esutjss-88	176	18	liberalization	liberalization	NOUN
esutjss-88	176	19	dummy	dummy	NOUN
esutjss-88	176	20	to	to	ADP
esutjss-88	176	21	household	household	NOUN
esutjss-88	176	22	savings	saving	NOUN
esutjss-88	176	23	,	,	PUNCT
esutjss-88	176	24	while	while	SCONJ
esutjss-88	176	25	the	the	DET
esutjss-88	176	26	sixth	sixth	ADJ
esutjss-88	176	27	row	row	NOUN
esutjss-88	176	28	shows	show	VERB
esutjss-88	176	29	the	the	DET
esutjss-88	176	30	effect	effect	NOUN
esutjss-88	176	31	of	of	ADP
esutjss-88	176	32	an	an	DET
esutjss-88	176	33	unexpected	unexpected	ADJ
esutjss-88	176	34	increase	increase	NOUN
esutjss-88	176	35	of	of	ADP
esutjss-88	176	36	one	one	NUM
esutjss-88	176	37	percentage	percentage	NOUN
esutjss-88	176	38	point	point	NOUN
esutjss-88	176	39	in	in	ADP
esutjss-88	176	40	the	the	DET
esutjss-88	176	41	growth	growth	NOUN
esutjss-88	176	42	rate	rate	NOUN
esutjss-88	176	43	to	to	ADP
esutjss-88	176	44	household	household	NOUN
esutjss-88	176	45	savings	saving	NOUN
esutjss-88	176	46	in	in	ADP
esutjss-88	176	47	the	the	DET
esutjss-88	176	48	selected	select	VERB
esutjss-88	176	49	ecowas	ecowas	PROPN
esutjss-88	176	50	countries	country	NOUN
esutjss-88	176	51	.	.	PUNCT
esutjss-88	177	1	also	also	ADV
esutjss-88	177	2	plotted	plot	VERB
esutjss-88	177	3	are	be	AUX
esutjss-88	177	4	±1	±1	VERB
esutjss-88	177	5	standard	standard	ADJ
esutjss-88	177	6	error	error	NOUN
esutjss-88	177	7	bands	band	NOUN
esutjss-88	177	8	,	,	PUNCT
esutjss-88	177	9	which	which	PRON
esutjss-88	177	10	yield	yield	VERB
esutjss-88	177	11	an	an	DET
esutjss-88	177	12	approximate	approximate	ADJ
esutjss-88	177	13	66	66	NUM
esutjss-88	177	14	%	%	NOUN
esutjss-88	177	15	confidence	confidence	NOUN
esutjss-88	177	16	interval	interval	NOUN
esutjss-88	177	17	for	for	ADP
esutjss-88	177	18	each	each	PRON
esutjss-88	177	19	of	of	ADP
esutjss-88	177	20	the	the	DET
esutjss-88	177	21	impulse	impulse	ADJ
esutjss-88	177	22	responses	response	NOUN
esutjss-88	177	23	.	.	PUNCT
esutjss-88	178	1	these	these	DET
esutjss-88	178	2	estimated	estimate	VERB
esutjss-88	178	3	impulse	impulse	ADJ
esutjss-88	178	4	responses	response	NOUN
esutjss-88	178	5	show	show	VERB
esutjss-88	178	6	patterns	pattern	NOUN
esutjss-88	178	7	of	of	ADP
esutjss-88	178	8	persistent	persistent	ADJ
esutjss-88	178	9	common	common	ADJ
esutjss-88	178	10	variation	variation	NOUN
esutjss-88	178	11	.	.	PUNCT
esutjss-88	179	1	for	for	ADP
esutjss-88	179	2	example	example	NOUN
esutjss-88	179	3	,	,	PUNCT
esutjss-88	179	4	an	an	DET
esutjss-88	179	5	unexpected	unexpected	ADJ
esutjss-88	179	6	rise	rise	NOUN
esutjss-88	179	7	in	in	ADP
esutjss-88	179	8	financial	financial	ADJ
esutjss-88	179	9	liberalization	liberalization	NOUN
esutjss-88	179	10	index	index	NOUN
esutjss-88	179	11	(	(	PUNCT
esutjss-88	179	12	dcr	dcr	PROPN
esutjss-88	179	13	,	,	PUNCT
esutjss-88	179	14	bms	bms	PROPN
esutjss-88	179	15	,	,	PUNCT
esutjss-88	179	16	irs	irs	PROPN
esutjss-88	179	17	)	)	PUNCT
esutjss-88	179	18	financial	financial	ADJ
esutjss-88	179	19	liberalization	liberalization	NOUN
esutjss-88	179	20	dummy	dummy	NOUN
esutjss-88	179	21	and	and	CCONJ
esutjss-88	179	22	economic	economic	ADJ
esutjss-88	179	23	growth	growth	NOUN
esutjss-88	179	24	slowly	slowly	ADV
esutjss-88	179	25	fades	fade	VERB
esutjss-88	179	26	over	over	ADP
esutjss-88	179	27	the	the	DET
esutjss-88	179	28	10	10	NUM
esutjss-88	179	29	quarters	quarter	NOUN
esutjss-88	179	30	,	,	PUNCT
esutjss-88	179	31	and	and	CCONJ
esutjss-88	179	32	is	be	AUX
esutjss-88	179	33	associated	associate	VERB
esutjss-88	179	34	with	with	ADP
esutjss-88	179	35	a	a	DET
esutjss-88	179	36	persistent	persistent	ADJ
esutjss-88	179	37	increase	increase	NOUN
esutjss-88	179	38	/	/	SYM
esutjss-88	179	39	decrease	decrease	NOUN
esutjss-88	179	40	in	in	ADP
esutjss-88	179	41	household	household	NOUN
esutjss-88	179	42	savings	saving	NOUN
esutjss-88	179	43	in	in	ADP
esutjss-88	179	44	the	the	DET
esutjss-88	179	45	countries	country	NOUN
esutjss-88	179	46	of	of	ADP
esutjss-88	179	47	benin	benin	PROPN
esutjss-88	179	48	,	,	PUNCT
esutjss-88	179	49	coe	coe	PROPN
esutjss-88	179	50	d	d	PROPN
esutjss-88	179	51	’	'	PUNCT
esutjss-88	179	52	ivoire	ivoire	NOUN
esutjss-88	179	53	,	,	PUNCT
esutjss-88	179	54	ghana	ghana	PROPN
esutjss-88	179	55	.	.	PUNCT
esutjss-88	180	1	variance	variance	NOUN
esutjss-88	180	2	decomposition	decomposition	NOUN
esutjss-88	180	3	(	(	PUNCT
esutjss-88	180	4	forecast	forecast	NOUN
esutjss-88	180	5	error	error	NOUN
esutjss-88	180	6	decomposition	decomposition	NOUN
esutjss-88	180	7	)	)	PUNCT
esutjss-88	180	8	test	test	NOUN
esutjss-88	180	9	the	the	DET
esutjss-88	180	10	forecast	forecast	NOUN
esutjss-88	180	11	error	error	NOUN
esutjss-88	180	12	decomposition	decomposition	NOUN
esutjss-88	180	13	is	be	AUX
esutjss-88	180	14	the	the	DET
esutjss-88	180	15	percentage	percentage	NOUN
esutjss-88	180	16	of	of	ADP
esutjss-88	180	17	the	the	DET
esutjss-88	180	18	variance	variance	NOUN
esutjss-88	180	19	of	of	ADP
esutjss-88	180	20	the	the	DET
esutjss-88	180	21	error	error	NOUN
esutjss-88	180	22	made	make	VERB
esutjss-88	180	23	in	in	ADP
esutjss-88	180	24	forecasting	forecast	VERB
esutjss-88	180	25	a	a	DET
esutjss-88	180	26	variable	variable	NOUN
esutjss-88	180	27	(	(	PUNCT
esutjss-88	180	28	e.g.	e.g.	ADV
esutjss-88	180	29	household	household	NOUN
esutjss-88	180	30	saving	saving	NOUN
esutjss-88	180	31	)	)	PUNCT
esutjss-88	180	32	,	,	PUNCT
esutjss-88	180	33	due	due	ADP
esutjss-88	180	34	to	to	ADP
esutjss-88	180	35	a	a	DET
esutjss-88	180	36	specific	specific	ADJ
esutjss-88	180	37	shock	shock	NOUN
esutjss-88	180	38	(	(	PUNCT
esutjss-88	180	39	e.g.	e.g.	ADV
esutjss-88	180	40	the	the	DET
esutjss-88	180	41	error	error	NOUN
esutjss-88	180	42	term	term	NOUN
esutjss-88	180	43	in	in	ADP
esutjss-88	180	44	the	the	DET
esutjss-88	180	45	financial	financial	ADJ
esutjss-88	180	46	liberalization	liberalization	NOUN
esutjss-88	180	47	and	and	CCONJ
esutjss-88	180	48	domestic	domestic	ADJ
esutjss-88	180	49	savings	saving	NOUN
esutjss-88	180	50	equation	equation	NOUN
esutjss-88	180	51	)	)	PUNCT
esutjss-88	180	52	at	at	ADP
esutjss-88	180	53	a	a	DET
esutjss-88	180	54	given	give	VERB
esutjss-88	180	55	horizon	horizon	NOUN
esutjss-88	180	56	.	.	PUNCT
esutjss-88	181	1	thus	thus	ADV
esutjss-88	181	2	,	,	PUNCT
esutjss-88	181	3	the	the	DET
esutjss-88	181	4	forecast	forecast	NOUN
esutjss-88	181	5	error	error	NOUN
esutjss-88	181	6	decomposition	decomposition	NOUN
esutjss-88	181	7	is	be	AUX
esutjss-88	181	8	like	like	ADP
esutjss-88	181	9	a	a	DET
esutjss-88	181	10	partial	partial	ADJ
esutjss-88	181	11	r2	r2	NOUN
esutjss-88	181	12	for	for	ADP
esutjss-88	181	13	the	the	DET
esutjss-88	181	14	forecast	forecast	NOUN
esutjss-88	181	15	error	error	NOUN
esutjss-88	181	16	,	,	PUNCT
esutjss-88	181	17	by	by	ADP
esutjss-88	181	18	forecast	forecast	NOUN
esutjss-88	181	19	horizon	horizon	NOUN
esutjss-88	181	20	.	.	PUNCT
esutjss-88	182	1	these	these	PRON
esutjss-88	182	2	are	be	AUX
esutjss-88	182	3	shown	show	VERB
esutjss-88	182	4	in	in	ADP
esutjss-88	182	5	table	table	NOUN
esutjss-88	182	6	4	4	NUM
esutjss-88	182	7	.	.	PUNCT
esutjss-88	183	1	for	for	ADP
esutjss-88	183	2	the	the	DET
esutjss-88	183	3	recursive	recursive	ADJ
esutjss-88	183	4	var	var	NOUN
esutjss-88	183	5	.	.	PUNCT
esutjss-88	184	1	table	table	NOUN
esutjss-88	184	2	6	6	NUM
esutjss-88	184	3	:	:	PUNCT
esutjss-88	184	4	variance	variance	NOUN
esutjss-88	184	5	decomposition	decomposition	NOUN
esutjss-88	184	6	for	for	ADP
esutjss-88	184	7	the	the	DET
esutjss-88	184	8	recursive	recursive	ADJ
esutjss-88	184	9	var	var	NOUN
esutjss-88	184	10	ordered	order	VERB
esutjss-88	184	11	as	as	ADP
esutjss-88	184	12	hhs	hhs	PROPN
esutjss-88	184	13	,	,	PUNCT
esutjss-88	184	14	dcr	dcr	PROPN
esutjss-88	184	15	,	,	PUNCT
esutjss-88	184	16	bms	bms	PROPN
esutjss-88	184	17	,	,	PUNCT
esutjss-88	184	18	irs	irs	PROPN
esutjss-88	184	19	,	,	PUNCT
esutjss-88	184	20	flib	flib	NOUN
esutjss-88	184	21	,	,	PUNCT
esutjss-88	184	22	and	and	CCONJ
esutjss-88	184	23	ggdp	ggdp	NOUN
esutjss-88	184	24	(	(	PUNCT
esutjss-88	184	25	a	a	DET
esutjss-88	184	26	)	)	PUNCT
esutjss-88	184	27	variance	variance	NOUN
esutjss-88	184	28	decomposition	decomposition	NOUN
esutjss-88	184	29	of	of	ADP
esutjss-88	184	30	hhs	hhs	PROPN
esutjss-88	184	31	forecast	forecast	PROPN
esutjss-88	184	32	horizon	horizon	PROPN
esutjss-88	184	33	forecast	forecast	VERB
esutjss-88	184	34	standard	standard	ADJ
esutjss-88	184	35	error	error	NOUN
esutjss-88	184	36	variance	variance	NOUN
esutjss-88	184	37	decomposition	decomposition	NOUN
esutjss-88	184	38	(	(	PUNCT
esutjss-88	184	39	percentage	percentage	NOUN
esutjss-88	184	40	point	point	NOUN
esutjss-88	184	41	)	)	PUNCT
esutjss-88	184	42	hhs	hhs	PROPN
esutjss-88	184	43	dcr	dcr	PROPN
esutjss-88	184	44	bms	bms	PROPN
esutjss-88	184	45	irs	irs	PROPN
esutjss-88	184	46	flib	flib	PROPN
esutjss-88	184	47	ggdp	ggdp	PROPN
esutjss-88	184	48	1	1	NUM
esutjss-88	184	49	14.83	14.83	NUM
esutjss-88	184	50	100.0	100.0	NUM
esutjss-88	184	51	0.00	0.00	NUM
esutjss-88	184	52	0.00	0.00	NUM
esutjss-88	184	53	0.00	0.00	NUM
esutjss-88	184	54	0.00	0.00	NUM
esutjss-88	184	55	0.00	0.00	NUM
esutjss-88	184	56	4	4	NUM
esutjss-88	184	57	24.10	24.10	NUM
esutjss-88	184	58	93.19	93.19	NUM
esutjss-88	184	59	0.23	0.23	NUM
esutjss-88	184	60	1.15	1.15	NUM
esutjss-88	184	61	1.40	1.40	NUM
esutjss-88	184	62	0.08	0.08	NUM
esutjss-88	184	63	3.85	3.85	NUM
esutjss-88	184	64	7	7	NUM
esutjss-88	184	65	28.35	28.35	NUM
esutjss-88	184	66	90.35	90.35	NUM
esutjss-88	184	67	0.44	0.44	NUM
esutjss-88	184	68	3.55	3.55	NUM
esutjss-88	184	69	1.12	1.12	NUM
esutjss-88	184	70	0.14	0.14	NUM
esutjss-88	184	71	4.41	4.41	NUM
esutjss-88	184	72	10	10	NUM
esutjss-88	184	73	30.66	30.66	NUM
esutjss-88	184	74	88.02	88.02	NUM
esutjss-88	184	75	0.38	0.38	NUM
esutjss-88	184	76	5.98	5.98	NUM
esutjss-88	184	77	1.44	1.44	NUM
esutjss-88	184	78	0.16	0.16	NUM
esutjss-88	184	79	4.01	4.01	NUM
esutjss-88	184	80	(	(	PUNCT
esutjss-88	184	81	b	b	NOUN
esutjss-88	184	82	)	)	PUNCT
esutjss-88	184	83	variable	variable	ADJ
esutjss-88	184	84	decomposition	decomposition	NOUN
esutjss-88	184	85	of	of	ADP
esutjss-88	184	86	finlindex	finlindex	PROPN
esutjss-88	184	87	dcr	dcr	PROPN
esutjss-88	184	88	forecast	forecast	PROPN
esutjss-88	184	89	horizon	horizon	PROPN
esutjss-88	184	90	forecast	forecast	VERB
esutjss-88	185	1	standard	standard	ADJ
esutjss-88	185	2	error	error	NOUN
esutjss-88	185	3	variance	variance	NOUN
esutjss-88	185	4	decomposition	decomposition	NOUN
esutjss-88	185	5	(	(	PUNCT
esutjss-88	185	6	percentage	percentage	NOUN
esutjss-88	185	7	point	point	NOUN
esutjss-88	185	8	)	)	PUNCT
esutjss-88	185	9	hhs	hhs	PROPN
esutjss-88	185	10	dcr	dcr	PROPN
esutjss-88	185	11	bms	bms	PROPN
esutjss-88	185	12	irs	irs	PROPN
esutjss-88	185	13	flib	flib	PROPN
esutjss-88	185	14	ggdp	ggdp	PROPN
esutjss-88	185	15	1	1	NUM
esutjss-88	185	16	182.64	182.64	NUM
esutjss-88	185	17	2.13	2.13	NUM
esutjss-88	185	18	97.87	97.87	NUM
esutjss-88	185	19	0.00	0.00	NUM
esutjss-88	185	20	0.00	0.00	NUM
esutjss-88	185	21	0.00	0.00	NUM
esutjss-88	185	22	0.00	0.00	NUM
esutjss-88	185	23	4	4	NUM
esutjss-88	185	24	283.41	283.41	NUM
esutjss-88	185	25	5.29	5.29	NUM
esutjss-88	185	26	48.23	48.23	NUM
esutjss-88	185	27	0.897	0.897	NUM
esutjss-88	185	28	0.75	0.75	NUM
esutjss-88	185	29	0.97	0.97	NUM
esutjss-88	185	30	43.86	43.86	NUM
esutjss-88	185	31	7	7	NUM
esutjss-88	185	32	338.33	338.33	NUM
esutjss-88	185	33	6.19	6.19	NUM
esutjss-88	185	34	36.57	36.57	NUM
esutjss-88	185	35	2.20	2.20	NUM
esutjss-88	185	36	1.10	1.10	NUM
esutjss-88	185	37	1.49	1.49	NUM
esutjss-88	185	38	52.50	52.50	NUM
esutjss-88	185	39	10	10	NUM
esutjss-88	185	40	357.38	357.38	NUM
esutjss-88	185	41	6.98	6.98	NUM
esutjss-88	185	42	33.88	33.88	NUM
esutjss-88	185	43	4.10	4.10	NUM
esutjss-88	185	44	1.25	1.25	NUM
esutjss-88	185	45	1.73	1.73	NUM
esutjss-88	185	46	52.05	52.05	NUM
esutjss-88	185	47	domestic	domestic	ADJ
esutjss-88	185	48	savings	saving	NOUN
esutjss-88	185	49	(	(	PUNCT
esutjss-88	185	50	c	c	NOUN
esutjss-88	185	51	)	)	PUNCT
esutjss-88	185	52	variance	variance	NOUN
esutjss-88	185	53	decomposition	decomposition	NOUN
esutjss-88	185	54	of	of	ADP
esutjss-88	185	55	bms	bms	PROPN
esutjss-88	185	56	forecast	forecast	PROPN
esutjss-88	185	57	horizon	horizon	PROPN
esutjss-88	185	58	forecast	forecast	VERB
esutjss-88	185	59	standard	standard	ADJ
esutjss-88	185	60	error	error	NOUN
esutjss-88	185	61	variance	variance	NOUN
esutjss-88	185	62	decomposition	decomposition	NOUN
esutjss-88	185	63	(	(	PUNCT
esutjss-88	185	64	percentage	percentage	NOUN
esutjss-88	185	65	point	point	NOUN
esutjss-88	185	66	)	)	PUNCT
esutjss-88	185	67	hhs	hhs	PROPN
esutjss-88	186	1	dcr	dcr	PROPN
esutjss-88	186	2	bms	bms	PROPN
esutjss-88	186	3	irs	irs	PROPN
esutjss-88	186	4	flib	flib	PROPN
esutjss-88	186	5	ggdp	ggdp	PROPN
esutjss-88	186	6	1	1	NUM
esutjss-88	186	7	6.24	6.24	NUM
esutjss-88	186	8	0.00	0.00	NUM
esutjss-88	186	9	72.05	72.05	NUM
esutjss-88	186	10	27.94	27.94	NUM
esutjss-88	186	11	0.00	0.00	NUM
esutjss-88	186	12	0.00	0.00	NUM
esutjss-88	186	13	`	`	NUM
esutjss-88	186	14	0.00	0.00	NUM
esutjss-88	186	15	4	4	NUM
esutjss-88	186	16	9.20	9.20	NUM
esutjss-88	186	17	0.10	0.10	NUM
esutjss-88	186	18	35.74	35.74	NUM
esutjss-88	186	19	29.50	29.50	NUM
esutjss-88	186	20	0.37	0.37	NUM
esutjss-88	186	21	1.10	1.10	NUM
esutjss-88	186	22	33.17	33.17	NUM
esutjss-88	186	23	7	7	NUM
esutjss-88	186	24	10.31	10.31	NUM
esutjss-88	186	25	1.24	1.24	NUM
esutjss-88	186	26	29.54	29.54	NUM
esutjss-88	186	27	26.04	26.04	NUM
esutjss-88	186	28	0.50	0.50	NUM
esutjss-88	186	29	2.31	2.31	NUM
esutjss-88	186	30	41.35	41.35	NUM
esutjss-88	186	31	10	10	NUM
esutjss-88	186	32	10.57	10.57	NUM
esutjss-88	186	33	3.76	3.76	NUM
esutjss-88	186	34	27.26	27.26	NUM
esutjss-88	186	35	25.01	25.01	NUM
esutjss-88	186	36	0.52	0.52	NUM
esutjss-88	186	37	3.03	3.03	NUM
esutjss-88	186	38	40.41	40.41	NUM
esutjss-88	186	39	(	(	PUNCT
esutjss-88	186	40	d	d	NOUN
esutjss-88	186	41	)	)	PUNCT
esutjss-88	186	42	variance	variance	NOUN
esutjss-88	186	43	decomposition	decomposition	NOUN
esutjss-88	186	44	of	of	ADP
esutjss-88	186	45	finlindex	finlindex	PROPN
esutjss-88	186	46	irs	irs	PROPN
esutjss-88	186	47	forecast	forecast	PROPN
esutjss-88	186	48	horizon	horizon	PROPN
esutjss-88	186	49	forecast	forecast	VERB
esutjss-88	186	50	standard	standard	ADJ
esutjss-88	186	51	error	error	NOUN
esutjss-88	186	52	variance	variance	NOUN
esutjss-88	186	53	decomposition	decomposition	NOUN
esutjss-88	186	54	(	(	PUNCT
esutjss-88	186	55	percentage	percentage	NOUN
esutjss-88	186	56	point	point	NOUN
esutjss-88	186	57	)	)	PUNCT
esutjss-88	186	58	hhs	hhs	PROPN
esutjss-88	187	1	dcr	dcr	PROPN
esutjss-88	187	2	bms	bms	PROPN
esutjss-88	187	3	irs	irs	PROPN
esutjss-88	187	4	flib	flib	PROPN
esutjss-88	187	5	ggdp	ggdp	PROPN
esutjss-88	187	6	1	1	NUM
esutjss-88	187	7	1.04	1.04	NUM
esutjss-88	187	8	1.82	1.82	NUM
esutjss-88	187	9	0.14	0.14	NUM
esutjss-88	187	10	5.174	5.174	NUM
esutjss-88	187	11	92.87	92.87	NUM
esutjss-88	187	12	0.00	0.00	NUM
esutjss-88	187	13	0.00	0.00	NUM
esutjss-88	187	14	4	4	NUM
esutjss-88	187	15	1.61	1.61	NUM
esutjss-88	187	16	1.10	1.10	NUM
esutjss-88	187	17	2.69	2.69	NUM
esutjss-88	187	18	2.62	2.62	NUM
esutjss-88	187	19	89.50	89.50	NUM
esutjss-88	187	20	0.19	0.19	NUM
esutjss-88	187	21	3.90	3.90	NUM
esutjss-88	187	22	7	7	NUM
esutjss-88	187	23	2.01	2.01	NUM
esutjss-88	187	24	0.88	0.88	NUM
esutjss-88	187	25	5.88	5.88	NUM
esutjss-88	187	26	3.01	3.01	NUM
esutjss-88	187	27	85.799	85.799	NUM
esutjss-88	187	28	0.19	0.19	NUM
esutjss-88	187	29	4.22	4.22	NUM
esutjss-88	187	30	10	10	NUM
esutjss-88	187	31	2.32	2.32	NUM
esutjss-88	187	32	1.11	1.11	NUM
esutjss-88	187	33	8.61	8.61	NUM
esutjss-88	187	34	4.77	4.77	NUM
esutjss-88	187	35	81.72	81.72	NUM
esutjss-88	187	36	0.27	0.27	NUM
esutjss-88	187	37	3.52	3.52	NUM
esutjss-88	187	38	(	(	PUNCT
esutjss-88	187	39	e	e	NOUN
esutjss-88	187	40	)	)	PUNCT
esutjss-88	187	41	variance	variance	NOUN
esutjss-88	187	42	decomposition	decomposition	NOUN
esutjss-88	187	43	of	of	ADP
esutjss-88	187	44	flib	flib	PROPN
esutjss-88	187	45	forecast	forecast	PROPN
esutjss-88	187	46	horizon	horizon	PROPN
esutjss-88	187	47	forecast	forecast	VERB
esutjss-88	187	48	standard	standard	ADJ
esutjss-88	187	49	error	error	NOUN
esutjss-88	187	50	variance	variance	NOUN
esutjss-88	187	51	decomposition	decomposition	NOUN
esutjss-88	187	52	(	(	PUNCT
esutjss-88	187	53	percentage	percentage	NOUN
esutjss-88	187	54	point	point	NOUN
esutjss-88	187	55	)	)	PUNCT
esutjss-88	187	56	hhs	hhs	PROPN
esutjss-88	187	57	dcr	dcr	PROPN
esutjss-88	187	58	bms	bms	PROPN
esutjss-88	187	59	irs	irs	PROPN
esutjss-88	187	60	flib	flib	PROPN
esutjss-88	187	61	ggdp	ggdp	PROPN
esutjss-88	187	62	1	1	NUM
esutjss-88	187	63	0.16	0.16	NUM
esutjss-88	187	64	8.69e.05	8.69e.05	NUM
esutjss-88	187	65	0.24	0.24	NUM
esutjss-88	187	66	0.05	0.05	NUM
esutjss-88	187	67	0.69	0.69	NUM
esutjss-88	187	68	99.01	99.01	NUM
esutjss-88	187	69	0.00	0.00	NUM
esutjss-88	187	70	4	4	NUM
esutjss-88	187	71	0.27	0.27	NUM
esutjss-88	187	72	0.03	0.03	NUM
esutjss-88	187	73	0.52	0.52	NUM
esutjss-88	187	74	0.21	0.21	NUM
esutjss-88	187	75	3.15	3.15	NUM
esutjss-88	187	76	95.73	95.73	NUM
esutjss-88	187	77	0.36	0.36	NUM
esutjss-88	187	78	7	7	NUM
esutjss-88	187	79	0.30	0.30	NUM
esutjss-88	187	80	0.06	0.06	NUM
esutjss-88	187	81	0.43	0.43	NUM
esutjss-88	187	82	0.24	0.24	NUM
esutjss-88	187	83	3.04	3.04	NUM
esutjss-88	187	84	95.92	95.92	NUM
esutjss-88	187	85	0.31	0.31	NUM
esutjss-88	187	86	10	10	NUM
esutjss-88	187	87	0.31	0.31	NUM
esutjss-88	187	88	0.17	0.17	NUM
esutjss-88	187	89	0.40	0.40	NUM
esutjss-88	187	90	0.25	0.25	NUM
esutjss-88	187	91	2.94	2.94	NUM
esutjss-88	187	92	90.95	90.95	NUM
esutjss-88	187	93	0.29	0.29	NUM
esutjss-88	187	94	(	(	PUNCT
esutjss-88	187	95	f	f	X
esutjss-88	187	96	)	)	PUNCT
esutjss-88	187	97	variance	variance	NOUN
esutjss-88	187	98	decomposition	decomposition	NOUN
esutjss-88	187	99	of	of	ADP
esutjss-88	187	100	ggdp	ggdp	PROPN
esutjss-88	187	101	forecast	forecast	PROPN
esutjss-88	187	102	horizon	horizon	PROPN
esutjss-88	187	103	forecast	forecast	VERB
esutjss-88	188	1	standard	standard	ADJ
esutjss-88	188	2	error	error	NOUN
esutjss-88	188	3	variance	variance	NOUN
esutjss-88	188	4	decomposition	decomposition	NOUN
esutjss-88	188	5	(	(	PUNCT
esutjss-88	188	6	percentage	percentage	NOUN
esutjss-88	188	7	point	point	NOUN
esutjss-88	188	8	)	)	PUNCT
esutjss-88	188	9	hhs	hhs	PROPN
esutjss-88	188	10	dcr	dcr	PROPN
esutjss-88	188	11	bms	bms	PROPN
esutjss-88	188	12	irs	irs	PROPN
esutjss-88	188	13	flib	flib	PROPN
esutjss-88	188	14	ggdp	ggdp	PROPN
esutjss-88	188	15	1	1	NUM
esutjss-88	188	16	10.25	10.25	NUM
esutjss-88	188	17	1.12	1.12	NUM
esutjss-88	188	18	8.29	8.29	NUM
esutjss-88	188	19	0.00	0.00	NUM
esutjss-88	188	20	3.83	3.83	NUM
esutjss-88	188	21	1.24	1.24	NUM
esutjss-88	188	22	85.51	85.51	NUM
esutjss-88	188	23	4	4	NUM
esutjss-88	188	24	12.10	12.10	NUM
esutjss-88	188	25	3.12	3.12	NUM
esutjss-88	188	26	6.32	6.32	NUM
esutjss-88	188	27	0.21	0.21	NUM
esutjss-88	188	28	3.22	3.22	NUM
esutjss-88	188	29	1.37	1.37	NUM
esutjss-88	188	30	85.74	85.74	NUM
esutjss-88	188	31	7	7	NUM
esutjss-88	188	32	12.15	12.15	NUM
esutjss-88	188	33	3.18	3.18	NUM
esutjss-88	188	34	6.34	6.34	NUM
esutjss-88	188	35	0.41	0.41	NUM
esutjss-88	188	36	3.26	3.26	NUM
esutjss-88	188	37	1.42	1.42	NUM
esutjss-88	188	38	85.37	85.37	NUM
esutjss-88	188	39	10	10	NUM
esutjss-88	188	40	12.21	12.21	NUM
esutjss-88	188	41	3.20	3.20	NUM
esutjss-88	188	42	6.30	6.30	NUM
esutjss-88	188	43	0.44	0.44	NUM
esutjss-88	188	44	3.26	3.26	NUM
esutjss-88	188	45	1.46	1.46	NUM
esutjss-88	188	46	85.33	85.33	NUM
esutjss-88	188	47	source	source	NOUN
esutjss-88	188	48	:	:	PUNCT
esutjss-88	188	49	(	(	PUNCT
esutjss-88	188	50	a	a	X
esutjss-88	188	51	-	-	PUNCT
esutjss-88	188	52	f	f	NOUN
esutjss-88	188	53	)	)	PUNCT
esutjss-88	188	54	was	be	AUX
esutjss-88	188	55	computed	compute	VERB
esutjss-88	188	56	using	use	VERB
esutjss-88	188	57	e	e	NOUN
esutjss-88	188	58	-	-	NOUN
esutjss-88	188	59	view	view	VERB
esutjss-88	188	60	11.0	11.0	NUM
esutjss-88	188	61	table	table	NOUN
esutjss-88	188	62	6	6	NUM
esutjss-88	188	63	.	.	PUNCT
esutjss-88	189	1	(	(	PUNCT
esutjss-88	189	2	a	a	X
esutjss-88	189	3	-	-	PUNCT
esutjss-88	189	4	f	f	NOUN
esutjss-88	189	5	)	)	PUNCT
esutjss-88	189	6	suggest	suggest	VERB
esutjss-88	189	7	considerable	considerable	ADJ
esutjss-88	189	8	interaction	interaction	NOUN
esutjss-88	189	9	among	among	ADP
esutjss-88	189	10	the	the	DET
esutjss-88	189	11	variables	variable	NOUN
esutjss-88	189	12	.	.	PUNCT
esutjss-88	190	1	the	the	DET
esutjss-88	190	2	variance	variance	NOUN
esutjss-88	190	3	decomposition	decomposition	NOUN
esutjss-88	190	4	indicates	indicate	VERB
esutjss-88	190	5	that	that	SCONJ
esutjss-88	190	6	household	household	NOUN
esutjss-88	190	7	saving	saving	NOUN
esutjss-88	190	8	changes	change	NOUN
esutjss-88	190	9	in	in	ADP
esutjss-88	190	10	the	the	DET
esutjss-88	190	11	selected	select	VERB
esutjss-88	190	12	ecowas	ecowas	PROPN
esutjss-88	190	13	countries	country	NOUN
esutjss-88	190	14	explained	explain	VERB
esutjss-88	190	15	about	about	ADV
esutjss-88	190	16	100	100	NUM
esutjss-88	190	17	percent	percent	NOUN
esutjss-88	190	18	of	of	ADP
esutjss-88	190	19	the	the	DET
esutjss-88	190	20	shocks	shock	NOUN
esutjss-88	190	21	to	to	ADP
esutjss-88	190	22	itself	itself	PRON
esutjss-88	190	23	in	in	ADP
esutjss-88	190	24	the	the	DET
esutjss-88	190	25	first	first	ADJ
esutjss-88	190	26	quarter	quarter	NOUN
esutjss-88	190	27	.	.	PUNCT
esutjss-88	191	1	it	it	PRON
esutjss-88	191	2	inclined	incline	VERB
esutjss-88	191	3	to	to	ADP
esutjss-88	191	4	about	about	ADV
esutjss-88	191	5	88	88	NUM
esutjss-88	191	6	percent	percent	NOUN
esutjss-88	191	7	in	in	ADP
esutjss-88	191	8	the	the	DET
esutjss-88	191	9	10th	10th	ADJ
esutjss-88	191	10	quarter	quarter	NOUN
esutjss-88	191	11	.	.	PUNCT
esutjss-88	192	1	domestic	domestic	ADJ
esutjss-88	192	2	credit	credit	NOUN
esutjss-88	192	3	,	,	PUNCT
esutjss-88	192	4	one	one	NUM
esutjss-88	192	5	of	of	ADP
esutjss-88	192	6	the	the	DET
esutjss-88	192	7	indicators	indicator	NOUN
esutjss-88	192	8	of	of	ADP
esutjss-88	192	9	the	the	DET
esutjss-88	192	10	financial	financial	ADJ
esutjss-88	192	11	liberalization	liberalization	NOUN
esutjss-88	192	12	index	index	NOUN
esutjss-88	192	13	accounted	account	VERB
esutjss-88	192	14	for	for	ADP
esutjss-88	192	15	about	about	ADV
esutjss-88	192	16	2	2	NUM
esutjss-88	192	17	percent	percent	NOUN
esutjss-88	192	18	shock	shock	NOUN
esutjss-88	192	19	to	to	ADP
esutjss-88	192	20	household	household	NOUN
esutjss-88	192	21	savings	saving	NOUN
esutjss-88	192	22	in	in	ADP
esutjss-88	192	23	the	the	DET
esutjss-88	192	24	first	first	ADJ
esutjss-88	192	25	quarter	quarter	NOUN
esutjss-88	192	26	.	.	PUNCT
esutjss-88	193	1	this	this	PRON
esutjss-88	193	2	increased	increase	VERB
esutjss-88	193	3	to	to	ADP
esutjss-88	193	4	7	7	NUM
esutjss-88	193	5	percent	percent	NOUN
esutjss-88	193	6	in	in	ADP
esutjss-88	193	7	the	the	DET
esutjss-88	193	8	10th	10th	ADJ
esutjss-88	193	9	quarter	quarter	NOUN
esutjss-88	193	10	.	.	PUNCT
esutjss-88	194	1	this	this	PRON
esutjss-88	194	2	explains	explain	VERB
esutjss-88	194	3	that	that	SCONJ
esutjss-88	194	4	domestic	domestic	ADJ
esutjss-88	194	5	credit	credit	NOUN
esutjss-88	194	6	account	account	NOUN
esutjss-88	194	7	for	for	ADP
esutjss-88	194	8	about	about	ADV
esutjss-88	194	9	7	7	NUM
esutjss-88	194	10	percent	percent	NOUN
esutjss-88	194	11	changes	change	NOUN
esutjss-88	194	12	in	in	ADP
esutjss-88	194	13	household	household	NOUN
esutjss-88	194	14	saving	save	VERB
esutjss-88	194	15	in	in	ADP
esutjss-88	194	16	the	the	DET
esutjss-88	194	17	ecowas	ecowas	PROPN
esutjss-88	194	18	selected	select	VERB
esutjss-88	194	19	countries	country	NOUN
esutjss-88	194	20	275	275	NUM
esutjss-88	194	21	over	over	ADP
esutjss-88	194	22	the	the	DET
esutjss-88	194	23	reviewing	reviewing	NOUN
esutjss-88	194	24	period	period	NOUN
esutjss-88	194	25	.	.	PUNCT
esutjss-88	195	1	broad	broad	ADJ
esutjss-88	195	2	money	money	NOUN
esutjss-88	195	3	,	,	PUNCT
esutjss-88	195	4	the	the	DET
esutjss-88	195	5	second	second	ADJ
esutjss-88	195	6	indicator	indicator	NOUN
esutjss-88	195	7	of	of	ADP
esutjss-88	195	8	the	the	DET
esutjss-88	195	9	financial	financial	ADJ
esutjss-88	195	10	liberalization	liberalization	NOUN
esutjss-88	195	11	index	index	NOUN
esutjss-88	195	12	accounted	account	VERB
esutjss-88	195	13	for	for	ADP
esutjss-88	195	14	about	about	ADV
esutjss-88	195	15	0	0	NUM
esutjss-88	195	16	percent	percent	NOUN
esutjss-88	195	17	shock	shock	NOUN
esutjss-88	195	18	in	in	ADP
esutjss-88	195	19	household	household	NOUN
esutjss-88	195	20	savings	saving	NOUN
esutjss-88	195	21	,	,	PUNCT
esutjss-88	195	22	this	this	PRON
esutjss-88	195	23	increased	increase	VERB
esutjss-88	195	24	to	to	ADP
esutjss-88	195	25	4	4	NUM
esutjss-88	195	26	percent	percent	NOUN
esutjss-88	195	27	in	in	ADP
esutjss-88	195	28	the	the	DET
esutjss-88	195	29	10th	10th	ADJ
esutjss-88	195	30	quarter	quarter	NOUN
esutjss-88	195	31	.	.	PUNCT
esutjss-88	196	1	interest	interest	NOUN
esutjss-88	196	2	rate	rate	NOUN
esutjss-88	196	3	spread	spread	NOUN
esutjss-88	196	4	accounted	account	VERB
esutjss-88	196	5	for	for	ADP
esutjss-88	196	6	1.8	1.8	NUM
esutjss-88	196	7	percent	percent	NOUN
esutjss-88	196	8	of	of	ADP
esutjss-88	196	9	the	the	DET
esutjss-88	196	10	shocks	shock	NOUN
esutjss-88	196	11	to	to	ADP
esutjss-88	196	12	household	household	NOUN
esutjss-88	196	13	saving	save	VERB
esutjss-88	196	14	in	in	ADP
esutjss-88	196	15	the	the	DET
esutjss-88	196	16	first	first	ADJ
esutjss-88	196	17	quarter	quarter	NOUN
esutjss-88	196	18	,	,	PUNCT
esutjss-88	196	19	however	however	ADV
esutjss-88	196	20	,	,	PUNCT
esutjss-88	196	21	declined	decline	VERB
esutjss-88	196	22	to	to	ADP
esutjss-88	196	23	1.1	1.1	NUM
esutjss-88	196	24	percent	percent	NOUN
esutjss-88	196	25	in	in	ADP
esutjss-88	196	26	the	the	DET
esutjss-88	196	27	10th	10th	ADJ
esutjss-88	196	28	quarter	quarter	NOUN
esutjss-88	196	29	,	,	PUNCT
esutjss-88	196	30	while	while	SCONJ
esutjss-88	196	31	liberalization	liberalization	NOUN
esutjss-88	196	32	dummy	dummy	NOUN
esutjss-88	196	33	accounted	account	VERB
esutjss-88	196	34	for	for	ADP
esutjss-88	196	35	0.2	0.2	NUM
esutjss-88	196	36	percent	percent	NOUN
esutjss-88	196	37	in	in	ADP
esutjss-88	196	38	the	the	DET
esutjss-88	196	39	10th	10th	ADJ
esutjss-88	196	40	quarter	quarter	NOUN
esutjss-88	196	41	.	.	PUNCT
esutjss-88	197	1	growth	growth	NOUN
esutjss-88	197	2	rate	rate	NOUN
esutjss-88	197	3	of	of	ADP
esutjss-88	197	4	output	output	NOUN
esutjss-88	197	5	accounted	account	VERB
esutjss-88	197	6	for	for	ADP
esutjss-88	197	7	1.12	1.12	NUM
esutjss-88	197	8	percent	percent	NOUN
esutjss-88	197	9	of	of	ADP
esutjss-88	197	10	the	the	DET
esutjss-88	197	11	changes	change	NOUN
esutjss-88	197	12	in	in	ADP
esutjss-88	197	13	household	household	NOUN
esutjss-88	197	14	saving	save	VERB
esutjss-88	197	15	in	in	ADP
esutjss-88	197	16	the	the	DET
esutjss-88	197	17	selected	select	VERB
esutjss-88	197	18	ecowas	ecowas	PROPN
esutjss-88	197	19	countries	country	NOUN
esutjss-88	197	20	.	.	PUNCT
esutjss-88	198	1	from	from	ADP
esutjss-88	198	2	the	the	DET
esutjss-88	198	3	results	result	NOUN
esutjss-88	198	4	presented	present	VERB
esutjss-88	198	5	,	,	PUNCT
esutjss-88	198	6	growth	growth	NOUN
esutjss-88	198	7	rate	rate	NOUN
esutjss-88	198	8	caused	cause	VERB
esutjss-88	198	9	the	the	DET
esutjss-88	198	10	greatest	great	ADJ
esutjss-88	198	11	shock	shock	NOUN
esutjss-88	198	12	to	to	ADP
esutjss-88	198	13	household	household	NOUN
esutjss-88	198	14	savings	saving	NOUN
esutjss-88	198	15	.	.	PUNCT
esutjss-88	199	1	the	the	DET
esutjss-88	199	2	reason	reason	NOUN
esutjss-88	199	3	could	could	AUX
esutjss-88	199	4	be	be	AUX
esutjss-88	199	5	that	that	DET
esutjss-88	199	6	increase	increase	NOUN
esutjss-88	199	7	in	in	ADP
esutjss-88	199	8	growth	growth	NOUN
esutjss-88	199	9	promotes	promote	VERB
esutjss-88	199	10	employment	employment	NOUN
esutjss-88	199	11	which	which	PRON
esutjss-88	199	12	in	in	ADP
esutjss-88	199	13	turn	turn	NOUN
esutjss-88	199	14	stimulates	stimulate	VERB
esutjss-88	199	15	household	household	NOUN
esutjss-88	199	16	savings	saving	NOUN
esutjss-88	199	17	.	.	PUNCT
esutjss-88	200	1	in	in	ADP
esutjss-88	200	2	order	order	NOUN
esutjss-88	200	3	words	word	NOUN
esutjss-88	200	4	,	,	PUNCT
esutjss-88	200	5	inclusive	inclusive	ADJ
esutjss-88	200	6	growth	growth	NOUN
esutjss-88	200	7	is	be	AUX
esutjss-88	200	8	a	a	DET
esutjss-88	200	9	necessary	necessary	ADJ
esutjss-88	200	10	condition	condition	NOUN
esutjss-88	200	11	for	for	ADP
esutjss-88	200	12	household	household	NOUN
esutjss-88	200	13	welfare	welfare	NOUN
esutjss-88	200	14	and	and	CCONJ
esutjss-88	200	15	the	the	DET
esutjss-88	200	16	attendant	attendant	ADJ
esutjss-88	200	17	improvement	improvement	NOUN
esutjss-88	200	18	in	in	ADP
esutjss-88	200	19	household	household	NOUN
esutjss-88	200	20	income	income	NOUN
esutjss-88	200	21	,	,	PUNCT
esutjss-88	200	22	investment	investment	NOUN
esutjss-88	200	23	and	and	CCONJ
esutjss-88	200	24	savings	saving	NOUN
esutjss-88	200	25	.	.	PUNCT
esutjss-88	201	1	vector	vector	NOUN
esutjss-88	201	2	autoregression	autoregression	NOUN
esutjss-88	201	3	estimates	estimate	NOUN
esutjss-88	201	4	(	(	PUNCT
esutjss-88	201	5	summary	summary	NOUN
esutjss-88	201	6	statistics	statistic	NOUN
esutjss-88	201	7	)	)	PUNCT
esutjss-88	201	8	table	table	NOUN
esutjss-88	201	9	7	7	NUM
esutjss-88	201	10	presents	present	VERB
esutjss-88	201	11	the	the	DET
esutjss-88	201	12	summary	summary	NOUN
esutjss-88	201	13	statistics	statistic	NOUN
esutjss-88	201	14	of	of	ADP
esutjss-88	201	15	the	the	DET
esutjss-88	201	16	var	var	NOUN
esutjss-88	201	17	hhs	hhs	PROPN
esutjss-88	202	1	dcr	dcr	PROPN
esutjss-88	202	2	bms	bms	PROPN
esutjss-88	202	3	irs	irs	PROPN
esutjss-88	202	4	flib	flib	PROPN
esutjss-88	202	5	ggdp	ggdp	PROPN
esutjss-88	202	6	r	r	NOUN
esutjss-88	202	7	-	-	PUNCT
esutjss-88	202	8	squared	square	VERB
esutjss-88	202	9	0.818	0.818	NUM
esutjss-88	202	10	0.77	0.77	NUM
esutjss-88	202	11	0.67	0.67	NUM
esutjss-88	202	12	0.90	0.90	NUM
esutjss-88	202	13	0.83	0.83	NUM
esutjss-88	202	14	0.30	0.30	NUM
esutjss-88	202	15	adj	adj	NOUN
esutjss-88	202	16	-	-	PUNCT
esutjss-88	202	17	r	r	NOUN
esutjss-88	202	18	-	-	PUNCT
esutjss-88	202	19	squared	square	VERB
esutjss-88	202	20	0.80	0.80	NUM
esutjss-88	202	21	0.71	0.71	NUM
esutjss-88	202	22	0.63	0.63	NUM
esutjss-88	202	23	0.89	0.89	NUM
esutjss-88	202	24	0.82	0.82	NUM
esutjss-88	202	25	0.22	0.22	NUM
esutjss-88	202	26	sum	sum	NOUN
esutjss-88	202	27	square	square	ADJ
esutjss-88	202	28	resid	resid	VERB
esutjss-88	202	29	35424.3	35424.3	NUM
esutjss-88	202	30	5370464	5370464	NUM
esutjss-88	202	31	6281.45	6281.45	NUM
esutjss-88	203	1	174.64	174.64	NUM
esutjss-88	203	2	4.15	4.15	NUM
esutjss-88	203	3	16906.52	16906.52	NUM
esutjss-88	203	4	s.	s.	PROPN
esutjss-88	203	5	e.	e.	PROPN
esutjss-88	203	6	equation	equation	NOUN
esutjss-88	203	7	14.833	14.833	NUM
esutjss-88	203	8	182.63	182.63	NUM
esutjss-88	203	9	81.848	81.848	NUM
esutjss-88	203	10	46.35	46.35	NUM
esutjss-88	203	11	3.85	3.85	NUM
esutjss-88	203	12	18.39	18.39	NUM
esutjss-88	203	13	f	f	X
esutjss-88	203	14	-	-	PUNCT
esutjss-88	203	15	statistics	statistic	NOUN
esutjss-88	203	16	40.21	40.21	NUM
esutjss-88	203	17	30.56	30.56	NUM
esutjss-88	203	18	18.39	18.39	NUM
esutjss-88	203	19	81.845	81.845	NUM
esutjss-88	203	20	46.35	46.35	NUM
esutjss-88	203	21	3.85	3.85	NUM
esutjss-88	203	22	log	log	NOUN
esutjss-88	203	23	likelihood	likelihood	NOUN
esutjss-88	203	24	-730.81	-730.81	PROPN
esutjss-88	203	25	-1182.7	-1182.7	PROPN
esutjss-88	203	26	-575.12	-575.12	PROPN
esutjss-88	203	27	-252.69	-252.69	PROPN
esutjss-88	203	28	83.86	83.86	NUM
esutjss-88	203	29	-664.23	-664.23	PROPN
esutjss-88	203	30	akaike	akaike	ADP
esutjss-88	203	31	aic	aic	PROPN
esutjss-88	203	32	8.33	8.33	NUM
esutjss-88	203	33	13.35	13.35	NUM
esutjss-88	203	34	6.94	6.94	NUM
esutjss-88	203	35	3.018	3.018	NUM
esutjss-88	203	36	-0.72	-0.72	NUM
esutjss-88	203	37	7.59	7.59	NUM
esutjss-88	203	38	schwarz	schwarz	PROPN
esutjss-88	203	39	sc	sc	PROPN
esutjss-88	203	40	8.67	8.67	NUM
esutjss-88	203	41	13.69	13.69	NUM
esutjss-88	203	42	6.94	6.94	NUM
esutjss-88	203	43	3.36	3.36	NUM
esutjss-88	203	44	-0.38	-0.38	NUM
esutjss-88	203	45	7.92	7.92	NUM
esutjss-88	203	46	mean	mean	NOUN
esutjss-88	203	47	dependent	dependent	ADJ
esutjss-88	203	48	3.796	3.796	NUM
esutjss-88	203	49	119.18	119.18	NUM
esutjss-88	203	50	27.92	27.92	NUM
esutjss-88	203	51	8.79	8.79	NUM
esutjss-88	203	52	0.83	0.83	NUM
esutjss-88	203	53	3.82	3.82	NUM
esutjss-88	203	54	s.	s.	NOUN
esutjss-88	203	55	d	d	NOUN
esutjss-88	203	56	dependent	dependent	ADJ
esutjss-88	203	57	32.97	32.97	NUM
esutjss-88	203	58	364.03	364.03	NUM
esutjss-88	203	59	10.35	10.35	NUM
esutjss-88	203	60	3.15	3.15	NUM
esutjss-88	203	61	0.37	0.37	NUM
esutjss-88	203	62	11.6	11.6	NUM
esutjss-88	203	63	source	source	NOUN
esutjss-88	203	64	:	:	PUNCT
esutjss-88	203	65	researchers	researcher	NOUN
esutjss-88	203	66	’	'	PUNCT
esutjss-88	203	67	computation	computation	NOUN
esutjss-88	203	68	using	use	VERB
esutjss-88	203	69	e	e	NOUN
esutjss-88	203	70	-	-	NOUN
esutjss-88	203	71	view	view	VERB
esutjss-88	203	72	11.0	11.0	NUM
esutjss-88	203	73	discussion	discussion	NOUN
esutjss-88	203	74	of	of	ADP
esutjss-88	203	75	findings	finding	NOUN
esutjss-88	203	76	because	because	SCONJ
esutjss-88	203	77	vars	var	NOUN
esutjss-88	203	78	involve	involve	VERB
esutjss-88	203	79	current	current	ADJ
esutjss-88	203	80	and	and	CCONJ
esutjss-88	203	81	lagged	lag	VERB
esutjss-88	203	82	values	value	NOUN
esutjss-88	203	83	of	of	ADP
esutjss-88	203	84	multiple	multiple	ADJ
esutjss-88	203	85	time	time	NOUN
esutjss-88	203	86	series	series	NOUN
esutjss-88	203	87	,	,	PUNCT
esutjss-88	203	88	they	they	PRON
esutjss-88	203	89	capture	capture	VERB
esutjss-88	203	90	co	co	NOUN
esutjss-88	203	91	movements	movement	NOUN
esutjss-88	203	92	that	that	PRON
esutjss-88	203	93	can	can	AUX
esutjss-88	203	94	not	not	PART
esutjss-88	203	95	be	be	AUX
esutjss-88	203	96	detected	detect	VERB
esutjss-88	203	97	in	in	ADP
esutjss-88	203	98	invariance	invariance	NOUN
esutjss-88	203	99	or	or	CCONJ
esutjss-88	203	100	bivariate	bivariate	ADJ
esutjss-88	203	101	models	model	NOUN
esutjss-88	203	102	standard	standard	ADJ
esutjss-88	203	103	vars	var	NOUN
esutjss-88	203	104	summary	summary	NOUN
esutjss-88	203	105	statistics	statistic	NOUN
esutjss-88	203	106	(	(	PUNCT
esutjss-88	203	107	impulse	impulse	ADJ
esutjss-88	203	108	response	response	NOUN
esutjss-88	203	109	functions	function	NOUN
esutjss-88	203	110	and	and	CCONJ
esutjss-88	203	111	variance	variance	NOUN
esutjss-88	203	112	decompositions	decomposition	NOUN
esutjss-88	203	113	)	)	PUNCT
esutjss-88	203	114	are	be	AUX
esutjss-88	203	115	well	well	ADV
esutjss-88	203	116	accepted	accept	VERB
esutjss-88	203	117	and	and	CCONJ
esutjss-88	203	118	widely	widely	ADV
esutjss-88	203	119	used	use	VERB
esutjss-88	203	120	methods	method	NOUN
esutjss-88	203	121	for	for	ADP
esutjss-88	203	122	portraying	portray	VERB
esutjss-88	203	123	these	these	DET
esutjss-88	203	124	movements	movement	NOUN
esutjss-88	203	125	.	.	PUNCT
esutjss-88	204	1	these	these	DET
esutjss-88	204	2	summary	summary	NOUN
esutjss-88	204	3	statistics	statistic	NOUN
esutjss-88	204	4	are	be	AUX
esutjss-88	204	5	useful	useful	ADJ
esutjss-88	204	6	because	because	SCONJ
esutjss-88	204	7	they	they	PRON
esutjss-88	204	8	provide	provide	VERB
esutjss-88	204	9	targets	target	NOUN
esutjss-88	204	10	for	for	ADP
esutjss-88	204	11	the	the	DET
esutjss-88	204	12	model	model	NOUN
esutjss-88	204	13	and	and	CCONJ
esutjss-88	204	14	were	be	AUX
esutjss-88	204	15	the	the	DET
esutjss-88	204	16	focus	focus	NOUN
esutjss-88	204	17	of	of	ADP
esutjss-88	204	18	the	the	DET
esutjss-88	204	19	discussions	discussion	NOUN
esutjss-88	204	20	.	.	PUNCT
esutjss-88	205	1	from	from	ADP
esutjss-88	205	2	the	the	DET
esutjss-88	205	3	impulse	impulse	ADJ
esutjss-88	205	4	response	response	NOUN
esutjss-88	205	5	function	function	NOUN
esutjss-88	205	6	,	,	PUNCT
esutjss-88	205	7	an	an	DET
esutjss-88	205	8	unexpected	unexpected	ADJ
esutjss-88	205	9	rise	rise	NOUN
esutjss-88	205	10	in	in	ADP
esutjss-88	205	11	domestic	domestic	ADJ
esutjss-88	205	12	credit	credit	NOUN
esutjss-88	205	13	,	,	PUNCT
esutjss-88	205	14	broad	broad	ADJ
esutjss-88	205	15	money	money	NOUN
esutjss-88	205	16	supply	supply	NOUN
esutjss-88	205	17	and	and	CCONJ
esutjss-88	205	18	interest	interest	NOUN
esutjss-88	205	19	rate	rate	NOUN
esutjss-88	205	20	spread	spread	NOUN
esutjss-88	205	21	is	be	AUX
esutjss-88	205	22	associated	associate	VERB
esutjss-88	205	23	with	with	ADP
esutjss-88	205	24	a	a	DET
esutjss-88	205	25	persistent	persistent	ADJ
esutjss-88	205	26	decrease	decrease	NOUN
esutjss-88	205	27	in	in	ADP
esutjss-88	205	28	household	household	NOUN
esutjss-88	205	29	savings	saving	NOUN
esutjss-88	205	30	in	in	ADP
esutjss-88	205	31	the	the	DET
esutjss-88	205	32	countries	country	NOUN
esutjss-88	205	33	of	of	ADP
esutjss-88	205	34	benin	benin	PROPN
esutjss-88	205	35	,	,	PUNCT
esutjss-88	205	36	cote	cote	PROPN
esutjss-88	205	37	d’ivoire	d’ivoire	PROPN
esutjss-88	205	38	,	,	PUNCT
esutjss-88	205	39	ghana	ghana	PROPN
esutjss-88	205	40	,	,	PUNCT
esutjss-88	205	41	liberia	liberia	PROPN
esutjss-88	205	42	and	and	CCONJ
esutjss-88	205	43	nigeria	nigeria	PROPN
esutjss-88	205	44	.	.	PUNCT
esutjss-88	206	1	the	the	DET
esutjss-88	206	2	finding	finding	NOUN
esutjss-88	206	3	is	be	AUX
esutjss-88	206	4	in	in	ADP
esutjss-88	206	5	tandem	tandem	NOUN
esutjss-88	206	6	with	with	ADP
esutjss-88	206	7	previous	previous	ADJ
esutjss-88	206	8	related	related	ADJ
esutjss-88	206	9	study	study	NOUN
esutjss-88	206	10	.	.	PUNCT
esutjss-88	207	1	for	for	ADP
esutjss-88	207	2	example	example	NOUN
esutjss-88	207	3	,	,	PUNCT
esutjss-88	207	4	elom	elom	NOUN
esutjss-88	207	5	et	et	PROPN
esutjss-88	207	6	al	al	PROPN
esutjss-88	207	7	.	.	PROPN
esutjss-88	207	8	,	,	PUNCT
esutjss-88	207	9	(	(	PUNCT
esutjss-88	207	10	2016	2016	NUM
esutjss-88	207	11	)	)	PUNCT
esutjss-88	207	12	found	find	VERB
esutjss-88	207	13	a	a	DET
esutjss-88	207	14	positive	positive	ADJ
esutjss-88	207	15	significant	significant	ADJ
esutjss-88	207	16	relationship	relationship	NOUN
esutjss-88	207	17	between	between	ADP
esutjss-88	207	18	interest	interest	NOUN
esutjss-88	207	19	rate	rate	NOUN
esutjss-88	207	20	and	and	CCONJ
esutjss-88	207	21	domestic	domestic	ADJ
esutjss-88	207	22	savings	saving	NOUN
esutjss-88	207	23	in	in	ADP
esutjss-88	207	24	nigeria	nigeria	PROPN
esutjss-88	207	25	in	in	ADP
esutjss-88	207	26	the	the	DET
esutjss-88	207	27	long	long	ADV
esutjss-88	207	28	-	-	PUNCT
esutjss-88	207	29	run	run	VERB
esutjss-88	207	30	and	and	CCONJ
esutjss-88	207	31	insignificant	insignificant	ADJ
esutjss-88	207	32	influence	influence	NOUN
esutjss-88	207	33	of	of	ADP
esutjss-88	207	34	interest	interest	NOUN
esutjss-88	207	35	rate	rate	NOUN
esutjss-88	207	36	on	on	ADP
esutjss-88	207	37	domestic	domestic	ADJ
esutjss-88	207	38	saving	saving	NOUN
esutjss-88	207	39	in	in	ADP
esutjss-88	207	40	the	the	DET
esutjss-88	207	41	short	short	ADJ
esutjss-88	207	42	-	-	PUNCT
esutjss-88	207	43	run	run	NOUN
esutjss-88	207	44	.	.	PUNCT
esutjss-88	208	1	for	for	ADP
esutjss-88	208	2	broad	broad	ADJ
esutjss-88	208	3	money	money	NOUN
esutjss-88	208	4	supply	supply	NOUN
esutjss-88	208	5	,	,	PUNCT
esutjss-88	208	6	the	the	DET
esutjss-88	208	7	findings	finding	NOUN
esutjss-88	208	8	of	of	ADP
esutjss-88	208	9	ogbokor	ogbokor	ADJ
esutjss-88	208	10	and	and	CCONJ
esutjss-88	208	11	samalivya	samalivya	NOUN
esutjss-88	208	12	(	(	PUNCT
esutjss-88	208	13	2017	2017	NUM
esutjss-88	208	14	)	)	PUNCT
esutjss-88	208	15	for	for	ADP
esutjss-88	208	16	benin	benin	PROPN
esutjss-88	208	17	supports	support	VERB
esutjss-88	208	18	the	the	DET
esutjss-88	208	19	result	result	NOUN
esutjss-88	208	20	of	of	ADP
esutjss-88	208	21	the	the	DET
esutjss-88	208	22	current	current	ADJ
esutjss-88	208	23	study	study	NOUN
esutjss-88	208	24	and	and	CCONJ
esutjss-88	208	25	concluded	conclude	VERB
esutjss-88	208	26	that	that	SCONJ
esutjss-88	208	27	deposit	deposit	NOUN
esutjss-88	208	28	rate	rate	NOUN
esutjss-88	208	29	and	and	CCONJ
esutjss-88	208	30	financial	financial	ADJ
esutjss-88	208	31	deepening	deepening	NOUN
esutjss-88	208	32	(	(	PUNCT
esutjss-88	208	33	m2	m2	PROPN
esutjss-88	208	34	/	/	SYM
esutjss-88	208	35	gdp	gdp	PROPN
esutjss-88	208	36	)	)	PUNCT
esutjss-88	208	37	have	have	VERB
esutjss-88	208	38	no	no	DET
esutjss-88	208	39	significant	significant	ADJ
esutjss-88	208	40	effects	effect	NOUN
esutjss-88	208	41	on	on	ADP
esutjss-88	208	42	domestic	domestic	ADJ
esutjss-88	208	43	savings	saving	NOUN
esutjss-88	208	44	.	.	PUNCT
esutjss-88	209	1	aggregate	aggregate	ADJ
esutjss-88	209	2	investment	investment	NOUN
esutjss-88	209	3	has	have	VERB
esutjss-88	209	4	also	also	ADV
esutjss-88	209	5	significant	significant	ADJ
esutjss-88	209	6	level	level	NOUN
esutjss-88	209	7	of	of	ADP
esutjss-88	209	8	shock	shock	NOUN
esutjss-88	209	9	on	on	ADP
esutjss-88	209	10	the	the	DET
esutjss-88	209	11	selected	select	VERB
esutjss-88	209	12	ecowas	ecowas	PROPN
esutjss-88	209	13	economies	economy	NOUN
esutjss-88	209	14	,	,	PUNCT
esutjss-88	209	15	while	while	SCONJ
esutjss-88	209	16	the	the	DET
esutjss-88	209	17	labour	labour	NOUN
esutjss-88	209	18	force	force	NOUN
esutjss-88	209	19	rate	rate	NOUN
esutjss-88	209	20	has	have	VERB
esutjss-88	209	21	less	less	ADJ
esutjss-88	209	22	shock	shock	NOUN
esutjss-88	209	23	on	on	ADP
esutjss-88	209	24	the	the	DET
esutjss-88	209	25	household	household	NOUN
esutjss-88	209	26	saving	save	VERB
esutjss-88	209	27	over	over	ADP
esutjss-88	209	28	the	the	DET
esutjss-88	209	29	horizons	horizon	NOUN
esutjss-88	209	30	.	.	PUNCT
esutjss-88	210	1	from	from	ADP
esutjss-88	210	2	the	the	DET
esutjss-88	210	3	variance	variance	NOUN
esutjss-88	210	4	decomposition	decomposition	NOUN
esutjss-88	210	5	result	result	NOUN
esutjss-88	210	6	,	,	PUNCT
esutjss-88	210	7	domestic	domestic	ADJ
esutjss-88	210	8	credit	credit	NOUN
esutjss-88	210	9	accounted	account	VERB
esutjss-88	210	10	for	for	ADP
esutjss-88	210	11	about	about	ADV
esutjss-88	210	12	7	7	NUM
esutjss-88	210	13	percent	percent	NOUN
esutjss-88	210	14	changes	change	NOUN
esutjss-88	210	15	,	,	PUNCT
esutjss-88	210	16	positive	positive	ADJ
esutjss-88	210	17	or	or	CCONJ
esutjss-88	210	18	negative	negative	ADJ
esutjss-88	210	19	changes	change	NOUN
esutjss-88	210	20	in	in	ADP
esutjss-88	210	21	domestic	domestic	ADJ
esutjss-88	210	22	saving	saving	NOUN
esutjss-88	210	23	in	in	ADP
esutjss-88	210	24	the	the	DET
esutjss-88	210	25	selected	select	VERB
esutjss-88	210	26	ecowas	ecowas	PROPN
esutjss-88	210	27	countries	country	NOUN
esutjss-88	210	28	,	,	PUNCT
esutjss-88	210	29	while	while	SCONJ
esutjss-88	210	30	broad	broad	ADJ
esutjss-88	210	31	money	money	NOUN
esutjss-88	210	32	supply	supply	NOUN
esutjss-88	210	33	accounted	account	VERB
esutjss-88	210	34	for	for	ADP
esutjss-88	210	35	4	4	NUM
esutjss-88	210	36	percent	percent	NOUN
esutjss-88	210	37	shock	shock	NOUN
esutjss-88	210	38	to	to	ADP
esutjss-88	210	39	domestic	domestic	ADJ
esutjss-88	210	40	savings	saving	NOUN
esutjss-88	210	41	in	in	ADP
esutjss-88	210	42	the	the	DET
esutjss-88	210	43	10th	10th	ADJ
esutjss-88	210	44	quarter	quarter	NOUN
esutjss-88	210	45	.	.	PUNCT
esutjss-88	211	1	interest	interest	NOUN
esutjss-88	211	2	rate	rate	NOUN
esutjss-88	211	3	spread	spread	NOUN
esutjss-88	211	4	accounted	account	VERB
esutjss-88	211	5	for	for	ADP
esutjss-88	211	6	2	2	NUM
esutjss-88	211	7	percentage	percentage	NOUN
esutjss-88	211	8	shocks	shock	NOUN
esutjss-88	211	9	to	to	ADP
esutjss-88	211	10	household	household	NOUN
esutjss-88	211	11	savings	saving	NOUN
esutjss-88	211	12	in	in	ADP
esutjss-88	211	13	the	the	DET
esutjss-88	211	14	first	first	ADJ
esutjss-88	211	15	quarter	quarter	NOUN
esutjss-88	211	16	,	,	PUNCT
esutjss-88	211	17	however	however	ADV
esutjss-88	211	18	,	,	PUNCT
esutjss-88	211	19	declined	decline	VERB
esutjss-88	211	20	to	to	ADP
esutjss-88	211	21	1	1	NUM
esutjss-88	211	22	percent	percent	NOUN
esutjss-88	211	23	in	in	ADP
esutjss-88	211	24	the	the	DET
esutjss-88	211	25	10th	10th	ADJ
esutjss-88	211	26	quarter	quarter	NOUN
esutjss-88	211	27	,	,	PUNCT
esutjss-88	211	28	this	this	PRON
esutjss-88	211	29	implies	imply	VERB
esutjss-88	211	30	that	that	SCONJ
esutjss-88	211	31	economic	economic	ADJ
esutjss-88	211	32	growth	growth	NOUN
esutjss-88	211	33	may	may	AUX
esutjss-88	211	34	not	not	PART
esutjss-88	211	35	be	be	AUX
esutjss-88	211	36	a	a	DET
esutjss-88	211	37	major	major	ADJ
esutjss-88	211	38	shock	shock	NOUN
esutjss-88	211	39	to	to	ADP
esutjss-88	211	40	household	household	NOUN
esutjss-88	211	41	savings	saving	NOUN
esutjss-88	211	42	in	in	ADP
esutjss-88	211	43	the	the	DET
esutjss-88	211	44	selected	select	VERB
esutjss-88	211	45	and	and	CCONJ
esutjss-88	211	46	this	this	PRON
esutjss-88	211	47	reinforces	reinforce	VERB
esutjss-88	211	48	the	the	DET
esutjss-88	211	49	domestic	domestic	ADJ
esutjss-88	211	50	savings	saving	NOUN
esutjss-88	211	51	need	need	NOUN
esutjss-88	211	52	for	for	ADP
esutjss-88	211	53	inclusive	inclusive	ADJ
esutjss-88	211	54	growth	growth	NOUN
esutjss-88	211	55	in	in	ADP
esutjss-88	211	56	the	the	DET
esutjss-88	211	57	ecowas	ecowas	PROPN
esutjss-88	211	58	countries	country	NOUN
esutjss-88	211	59	.	.	PUNCT
esutjss-88	212	1	inclusive	inclusive	ADJ
esutjss-88	212	2	growth	growth	NOUN
esutjss-88	212	3	promotes	promote	VERB
esutjss-88	212	4	employment	employment	NOUN
esutjss-88	212	5	generation	generation	NOUN
esutjss-88	212	6	,	,	PUNCT
esutjss-88	212	7	which	which	PRON
esutjss-88	212	8	in	in	ADP
esutjss-88	212	9	turn	turn	NOUN
esutjss-88	212	10	promotes	promote	VERB
esutjss-88	212	11	household	household	NOUN
esutjss-88	212	12	savings	saving	NOUN
esutjss-88	212	13	for	for	ADP
esutjss-88	212	14	poverty	poverty	NOUN
esutjss-88	212	15	reduction	reduction	NOUN
esutjss-88	212	16	.	.	PUNCT
esutjss-88	213	1	policy	policy	NOUN
esutjss-88	213	2	implication	implication	NOUN
esutjss-88	213	3	of	of	ADP
esutjss-88	213	4	findings	finding	NOUN
esutjss-88	213	5	the	the	DET
esutjss-88	213	6	policy	policy	NOUN
esutjss-88	213	7	implication	implication	NOUN
esutjss-88	213	8	of	of	ADP
esutjss-88	213	9	the	the	DET
esutjss-88	213	10	empirical	empirical	ADJ
esutjss-88	213	11	results	result	NOUN
esutjss-88	213	12	is	be	AUX
esutjss-88	213	13	germane	germane	ADJ
esutjss-88	213	14	for	for	ADP
esutjss-88	213	15	policy	policy	NOUN
esutjss-88	213	16	input	input	NOUN
esutjss-88	213	17	and	and	CCONJ
esutjss-88	213	18	implementation	implementation	NOUN
esutjss-88	213	19	.	.	PUNCT
esutjss-88	214	1	the	the	DET
esutjss-88	214	2	following	follow	VERB
esutjss-88	214	3	are	be	AUX
esutjss-88	214	4	some	some	PRON
esutjss-88	214	5	of	of	ADP
esutjss-88	214	6	the	the	DET
esutjss-88	214	7	deduced	deduce	VERB
esutjss-88	214	8	implications	implication	NOUN
esutjss-88	214	9	:	:	PUNCT
esutjss-88	215	1	1	1	X
esutjss-88	215	2	.	.	X
esutjss-88	215	3	even	even	ADV
esutjss-88	215	4	though	though	SCONJ
esutjss-88	215	5	domestic	domestic	ADJ
esutjss-88	215	6	credit	credit	NOUN
esutjss-88	215	7	was	be	AUX
esutjss-88	215	8	found	find	VERB
esutjss-88	215	9	to	to	PART
esutjss-88	215	10	have	have	VERB
esutjss-88	215	11	a	a	DET
esutjss-88	215	12	positive	positive	ADJ
esutjss-88	215	13	significant	significant	ADJ
esutjss-88	215	14	effect	effect	NOUN
esutjss-88	215	15	on	on	ADP
esutjss-88	215	16	domestic	domestic	ADJ
esutjss-88	215	17	savings	saving	NOUN
esutjss-88	215	18	in	in	ADP
esutjss-88	215	19	the	the	DET
esutjss-88	215	20	selected	select	VERB
esutjss-88	215	21	ecowas	ecowas	PROPN
esutjss-88	215	22	countries	country	NOUN
esutjss-88	215	23	,	,	PUNCT
esutjss-88	215	24	more	more	ADJ
esutjss-88	215	25	policy	policy	NOUN
esutjss-88	215	26	effect	effect	NOUN
esutjss-88	215	27	in	in	ADP
esutjss-88	215	28	needed	need	VERB
esutjss-88	215	29	to	to	PART
esutjss-88	215	30	strengthen	strengthen	VERB
esutjss-88	215	31	the	the	DET
esutjss-88	215	32	liberalization	liberalization	NOUN
esutjss-88	215	33	of	of	ADP
esutjss-88	215	34	countries	country	NOUN
esutjss-88	215	35	the	the	DET
esutjss-88	215	36	credit	credit	NOUN
esutjss-88	215	37	market	market	NOUN
esutjss-88	215	38	and	and	CCONJ
esutjss-88	215	39	ecowas	ecowa	VERB
esutjss-88	215	40	in	in	ADP
esutjss-88	215	41	general	general	ADJ
esutjss-88	215	42	for	for	ADP
esutjss-88	215	43	easy	easy	ADJ
esutjss-88	215	44	access	access	NOUN
esutjss-88	215	45	by	by	ADP
esutjss-88	215	46	households	household	NOUN
esutjss-88	215	47	.	.	PUNCT
esutjss-88	216	1	2	2	NUM
esutjss-88	216	2	.	.	X
esutjss-88	216	3	broad	broad	ADJ
esutjss-88	216	4	money	money	NOUN
esutjss-88	216	5	supply	supply	NOUN
esutjss-88	216	6	is	be	AUX
esutjss-88	216	7	related	relate	VERB
esutjss-88	216	8	to	to	ADP
esutjss-88	216	9	the	the	DET
esutjss-88	216	10	monetary	monetary	ADJ
esutjss-88	216	11	base	base	NOUN
esutjss-88	216	12	of	of	ADP
esutjss-88	216	13	the	the	DET
esutjss-88	216	14	selected	select	VERB
esutjss-88	216	15	ecowas	ecowas	PROPN
esutjss-88	216	16	countries	country	NOUN
esutjss-88	216	17	central	central	ADJ
esutjss-88	216	18	banks	bank	NOUN
esutjss-88	216	19	through	through	ADP
esutjss-88	216	20	the	the	DET
esutjss-88	216	21	money	money	NOUN
esutjss-88	216	22	multiplier	multiplier	ADV
esutjss-88	216	23	.	.	PUNCT
esutjss-88	217	1	given	give	VERB
esutjss-88	217	2	the	the	DET
esutjss-88	217	3	increased	increase	VERB
esutjss-88	217	4	importance	importance	NOUN
esutjss-88	217	5	of	of	ADP
esutjss-88	217	6	the	the	DET
esutjss-88	217	7	behaviour	behaviour	NOUN
esutjss-88	217	8	of	of	ADP
esutjss-88	217	9	banks	bank	NOUN
esutjss-88	217	10	in	in	ADP
esutjss-88	217	11	a	a	DET
esutjss-88	217	12	deregulated	deregulated	ADJ
esutjss-88	217	13	environment	environment	NOUN
esutjss-88	217	14	for	for	ADP
esutjss-88	217	15	the	the	DET
esutjss-88	217	16	determination	determination	NOUN
esutjss-88	217	17	of	of	ADP
esutjss-88	217	18	the	the	DET
esutjss-88	217	19	shock	shock	NOUN
esutjss-88	217	20	of	of	ADP
esutjss-88	217	21	money	money	NOUN
esutjss-88	217	22	supply	supply	NOUN
esutjss-88	217	23	,	,	PUNCT
esutjss-88	217	24	the	the	DET
esutjss-88	217	25	central	central	ADJ
esutjss-88	217	26	banks	bank	NOUN
esutjss-88	217	27	of	of	ADP
esutjss-88	217	28	the	the	DET
esutjss-88	217	29	selected	select	VERB
esutjss-88	217	30	ecowas	ecowas	PROPN
esutjss-88	217	31	have	have	VERB
esutjss-88	217	32	a	a	DET
esutjss-88	217	33	major	major	ADJ
esutjss-88	217	34	role	role	NOUN
esutjss-88	217	35	to	to	PART
esutjss-88	217	36	play	play	VERB
esutjss-88	217	37	in	in	ADP
esutjss-88	217	38	strengthening	strengthen	VERB
esutjss-88	217	39	the	the	DET
esutjss-88	217	40	monetary	monetary	ADJ
esutjss-88	217	41	variables	variable	NOUN
esutjss-88	217	42	of	of	ADP
esutjss-88	217	43	the	the	DET
esutjss-88	217	44	interest	interest	NOUN
esutjss-88	217	45	rate	rate	NOUN
esutjss-88	217	46	,	,	PUNCT
esutjss-88	217	47	broad	broad	ADJ
esutjss-88	217	48	money	money	NOUN
esutjss-88	217	49	supply	supply	NOUN
esutjss-88	217	50	and	and	CCONJ
esutjss-88	217	51	availability	availability	NOUN
esutjss-88	217	52	of	of	ADP
esutjss-88	217	53	domestic	domestic	ADJ
esutjss-88	217	54	credit	credit	NOUN
esutjss-88	217	55	.	.	PUNCT
esutjss-88	218	1	this	this	PRON
esutjss-88	218	2	is	be	AUX
esutjss-88	218	3	to	to	PART
esutjss-88	218	4	avoid	avoid	VERB
esutjss-88	218	5	repression	repression	NOUN
esutjss-88	218	6	of	of	ADP
esutjss-88	218	7	the	the	DET
esutjss-88	218	8	selected	select	VERB
esutjss-88	218	9	ecowas	ecowas	PROPN
esutjss-88	218	10	and	and	CCONJ
esutjss-88	218	11	the	the	DET
esutjss-88	218	12	rest	rest	NOUN
esutjss-88	218	13	of	of	ADP
esutjss-88	218	14	the	the	DET
esutjss-88	218	15	countries	country	NOUN
esutjss-88	218	16	in	in	ADP
esutjss-88	218	17	the	the	DET
esutjss-88	218	18	region	region	NOUN
esutjss-88	218	19	.	.	PUNCT
esutjss-88	219	1	3	3	X
esutjss-88	219	2	.	.	X
esutjss-88	219	3	infrastructure	infrastructure	NOUN
esutjss-88	219	4	no	no	ADV
esutjss-88	219	5	doubt	doubt	ADV
esutjss-88	219	6	promotes	promote	VERB
esutjss-88	219	7	financial	financial	ADJ
esutjss-88	219	8	development	development	NOUN
esutjss-88	219	9	.	.	PUNCT
esutjss-88	220	1	from	from	ADP
esutjss-88	220	2	the	the	DET
esutjss-88	220	3	evidence	evidence	NOUN
esutjss-88	220	4	,	,	PUNCT
esutjss-88	220	5	aggregate	aggregate	ADJ
esutjss-88	220	6	investment	investment	NOUN
esutjss-88	220	7	measured	measure	VERB
esutjss-88	220	8	by	by	ADP
esutjss-88	220	9	the	the	DET
esutjss-88	220	10	gross	gross	ADJ
esutjss-88	220	11	fixed	fix	VERB
esutjss-88	220	12	capital	capital	NOUN
esutjss-88	220	13	formation	formation	NOUN
esutjss-88	220	14	has	have	VERB
esutjss-88	220	15	negative	negative	ADJ
esutjss-88	220	16	relations	relation	NOUN
esutjss-88	220	17	with	with	ADP
esutjss-88	220	18	domestic	domestic	ADJ
esutjss-88	220	19	saving	saving	NOUN
esutjss-88	220	20	.	.	PUNCT
esutjss-88	221	1	therefore	therefore	ADV
esutjss-88	221	2	,	,	PUNCT
esutjss-88	221	3	the	the	DET
esutjss-88	221	4	government	government	NOUN
esutjss-88	221	5	and	and	CCONJ
esutjss-88	221	6	policy	policy	NOUN
esutjss-88	221	7	makers	maker	NOUN
esutjss-88	221	8	of	of	ADP
esutjss-88	221	9	the	the	DET
esutjss-88	221	10	ecowas	ecowas	PROPN
esutjss-88	221	11	countries	country	NOUN
esutjss-88	221	12	must	must	AUX
esutjss-88	221	13	ensure	ensure	VERB
esutjss-88	221	14	that	that	SCONJ
esutjss-88	221	15	infrastructure	infrastructure	NOUN
esutjss-88	221	16	is	be	AUX
esutjss-88	221	17	adequately	adequately	ADV
esutjss-88	221	18	provide	provide	VERB
esutjss-88	221	19	.	.	PUNCT
esutjss-88	222	1	4	4	X
esutjss-88	222	2	.	.	X
esutjss-88	222	3	labour	labour	ADJ
esutjss-88	222	4	force	force	NOUN
esutjss-88	222	5	ratio	ratio	NOUN
esutjss-88	222	6	is	be	AUX
esutjss-88	222	7	also	also	ADV
esutjss-88	222	8	negatively	negatively	ADV
esutjss-88	222	9	related	relate	VERB
esutjss-88	222	10	to	to	ADP
esutjss-88	222	11	household	household	NOUN
esutjss-88	222	12	saving	saving	NOUN
esutjss-88	222	13	.	.	PUNCT
esutjss-88	223	1	this	this	PRON
esutjss-88	223	2	implies	imply	VERB
esutjss-88	223	3	the	the	DET
esutjss-88	223	4	absence	absence	NOUN
esutjss-88	223	5	of	of	ADP
esutjss-88	223	6	employment	employment	NOUN
esutjss-88	223	7	opportunities	opportunity	NOUN
esutjss-88	223	8	in	in	ADP
esutjss-88	223	9	these	these	DET
esutjss-88	223	10	countries	country	NOUN
esutjss-88	223	11	.	.	PUNCT
esutjss-88	224	1	without	without	ADP
esutjss-88	224	2	infrastructure	infrastructure	NOUN
esutjss-88	224	3	,	,	PUNCT
esutjss-88	224	4	the	the	DET
esutjss-88	224	5	aims	aim	NOUN
esutjss-88	224	6	of	of	ADP
esutjss-88	224	7	reform	reform	NOUN
esutjss-88	224	8	/	/	SYM
esutjss-88	224	9	liberalization	liberalization	NOUN
esutjss-88	224	10	will	will	AUX
esutjss-88	224	11	not	not	PART
esutjss-88	224	12	be	be	AUX
esutjss-88	224	13	fully	fully	ADV
esutjss-88	224	14	optimized	optimize	VERB
esutjss-88	224	15	.	.	PUNCT
esutjss-88	225	1	conclusion	conclusion	NOUN
esutjss-88	225	2	,	,	PUNCT
esutjss-88	225	3	policy	policy	NOUN
esutjss-88	225	4	recommendation	recommendation	NOUN
esutjss-88	225	5	and	and	CCONJ
esutjss-88	225	6	agenda	agenda	NOUN
esutjss-88	225	7	for	for	ADP
esutjss-88	225	8	future	future	ADJ
esutjss-88	225	9	research	research	NOUN
esutjss-88	225	10	conclusion	conclusion	NOUN
esutjss-88	225	11	this	this	DET
esutjss-88	225	12	paper	paper	NOUN
esutjss-88	225	13	examined	examine	VERB
esutjss-88	225	14	the	the	DET
esutjss-88	225	15	effect	effect	NOUN
esutjss-88	225	16	of	of	ADP
esutjss-88	225	17	monetary	monetary	ADJ
esutjss-88	225	18	sector	sector	NOUN
esutjss-88	225	19	financial	financial	ADJ
esutjss-88	225	20	liberalization	liberalization	NOUN
esutjss-88	225	21	on	on	ADP
esutjss-88	225	22	domestic	domestic	ADJ
esutjss-88	225	23	saving	saving	NOUN
esutjss-88	225	24	in	in	ADP
esutjss-88	225	25	five	five	NUM
esutjss-88	225	26	selected	select	VERB
esutjss-88	225	27	ecowas	ecowas	PROPN
esutjss-88	225	28	countries	country	NOUN
esutjss-88	225	29	of	of	ADP
esutjss-88	225	30	benin	benin	PROPN
esutjss-88	225	31	,	,	PUNCT
esutjss-88	225	32	cote	cote	PROPN
esutjss-88	225	33	d’ivoire	d’ivoire	PROPN
esutjss-88	225	34	,	,	PUNCT
esutjss-88	225	35	ghana	ghana	PROPN
esutjss-88	225	36	,	,	PUNCT
esutjss-88	225	37	liberia	liberia	PROPN
esutjss-88	225	38	and	and	CCONJ
esutjss-88	225	39	nigeria	nigeria	PROPN
esutjss-88	225	40	between	between	ADP
esutjss-88	225	41	the	the	DET
esutjss-88	225	42	the	the	DET
esutjss-88	225	43	period	period	NOUN
esutjss-88	225	44	1981	1981	NUM
esutjss-88	225	45	to	to	ADP
esutjss-88	225	46	2019	2019	NUM
esutjss-88	225	47	and	and	CCONJ
esutjss-88	225	48	using	use	VERB
esutjss-88	225	49	the	the	DET
esutjss-88	225	50	panel	panel	NOUN
esutjss-88	225	51	var	var	NOUN
esutjss-88	225	52	approach	approach	VERB
esutjss-88	225	53	the	the	DET
esutjss-88	225	54	key	key	ADJ
esutjss-88	225	55	findings	finding	NOUN
esutjss-88	225	56	of	of	ADP
esutjss-88	225	57	the	the	DET
esutjss-88	225	58	study	study	NOUN
esutjss-88	225	59	are	be	AUX
esutjss-88	225	60	re	re	VERB
esutjss-88	225	61	-	-	VERB
esutjss-88	225	62	represented	represent	VERB
esutjss-88	225	63	and	and	CCONJ
esutjss-88	225	64	these	these	PRON
esutjss-88	225	65	indicates	indicate	VERB
esutjss-88	225	66	to	to	ADP
esutjss-88	225	67	the	the	DET
esutjss-88	225	68	fact	fact	NOUN
esutjss-88	225	69	that	that	PRON
esutjss-88	225	70	are	be	AUX
esutjss-88	225	71	negative	negative	ADJ
esutjss-88	225	72	and	and	CCONJ
esutjss-88	225	73	positive	positive	ADJ
esutjss-88	225	74	significant	significant	ADJ
esutjss-88	225	75	effects	effect	NOUN
esutjss-88	225	76	of	of	ADP
esutjss-88	225	77	monetary	monetary	ADJ
esutjss-88	225	78	sector	sector	NOUN
esutjss-88	225	79	financial	financial	ADJ
esutjss-88	225	80	liberalization	liberalization	NOUN
esutjss-88	225	81	on	on	ADP
esutjss-88	225	82	household	household	NOUN
esutjss-88	225	83	saving	save	VERB
esutjss-88	225	84	in	in	ADP
esutjss-88	225	85	the	the	DET
esutjss-88	225	86	ecowas	ecowas	PROPN
esutjss-88	225	87	countries	country	NOUN
esutjss-88	225	88	.	.	PUNCT
esutjss-88	225	89	.	.	PUNCT
esutjss-88	226	1	the	the	DET
esutjss-88	226	2	implication	implication	NOUN
esutjss-88	226	3	of	of	ADP
esutjss-88	226	4	the	the	DET
esutjss-88	226	5	findings	finding	NOUN
esutjss-88	226	6	had	have	AUX
esutjss-88	226	7	been	be	AUX
esutjss-88	226	8	espoused	espouse	VERB
esutjss-88	226	9	and	and	CCONJ
esutjss-88	226	10	it	it	PRON
esutjss-88	226	11	points	point	VERB
esutjss-88	226	12	to	to	ADP
esutjss-88	226	13	the	the	DET
esutjss-88	226	14	fact	fact	NOUN
esutjss-88	226	15	that	that	SCONJ
esutjss-88	226	16	there	there	PRON
esutjss-88	226	17	is	be	VERB
esutjss-88	226	18	likelihood	likelihood	NOUN
esutjss-88	226	19	of	of	ADP
esutjss-88	226	20	potential	potential	ADJ
esutjss-88	226	21	negative	negative	ADJ
esutjss-88	226	22	effects	effect	NOUN
esutjss-88	226	23	of	of	ADP
esutjss-88	226	24	domestic	domestic	ADJ
esutjss-88	226	25	credit	credit	NOUN
esutjss-88	226	26	,	,	PUNCT
esutjss-88	226	27	interest	interest	NOUN
esutjss-88	226	28	rate	rate	NOUN
esutjss-88	226	29	spread	spread	VERB
esutjss-88	226	30	and	and	CCONJ
esutjss-88	226	31	broad	broad	ADJ
esutjss-88	226	32	money	money	NOUN
esutjss-88	226	33	supply	supply	NOUN
esutjss-88	226	34	to	to	ADP
esutjss-88	226	35	gdp	gdp	NOUN
esutjss-88	226	36	after	after	SCONJ
esutjss-88	226	37	a	a	DET
esutjss-88	226	38	shock	shock	NOUN
esutjss-88	226	39	has	have	AUX
esutjss-88	226	40	occurred	occur	VERB
esutjss-88	226	41	,	,	PUNCT
esutjss-88	226	42	especially	especially	ADV
esutjss-88	226	43	a	a	DET
esutjss-88	226	44	negative	negative	ADJ
esutjss-88	226	45	shock	shock	NOUN
esutjss-88	226	46	like	like	ADP
esutjss-88	226	47	financial	financial	ADJ
esutjss-88	226	48	crisis	crisis	NOUN
esutjss-88	226	49	and	and	CCONJ
esutjss-88	226	50	the	the	DET
esutjss-88	226	51	covi-19	covi-19	PROPN
esutjss-88	226	52	pandemic	pandemic	NOUN
esutjss-88	226	53	.	.	PUNCT
esutjss-88	227	1	the	the	DET
esutjss-88	227	2	decrease	decrease	NOUN
esutjss-88	227	3	in	in	ADP
esutjss-88	227	4	domestic	domestic	ADJ
esutjss-88	227	5	credit	credit	NOUN
esutjss-88	227	6	to	to	ADP
esutjss-88	227	7	the	the	DET
esutjss-88	227	8	household	household	NOUN
esutjss-88	227	9	affects	affect	VERB
esutjss-88	227	10	productivity	productivity	NOUN
esutjss-88	227	11	which	which	PRON
esutjss-88	227	12	is	be	AUX
esutjss-88	227	13	turn	turn	NOUN
esutjss-88	227	14	affects	affect	VERB
esutjss-88	227	15	employment	employment	NOUN
esutjss-88	227	16	of	of	ADP
esutjss-88	227	17	productivity	productivity	NOUN
esutjss-88	227	18	and	and	CCONJ
esutjss-88	227	19	saving	saving	NOUN
esutjss-88	227	20	.	.	PUNCT
esutjss-88	228	1	the	the	DET
esutjss-88	228	2	widening	widen	VERB
esutjss-88	228	3	gap	gap	NOUN
esutjss-88	228	4	between	between	ADP
esutjss-88	228	5	interest	interest	NOUN
esutjss-88	228	6	rate	rate	NOUN
esutjss-88	228	7	and	and	CCONJ
esutjss-88	228	8	deposit	deposit	NOUN
esutjss-88	228	9	rates	rate	NOUN
esutjss-88	228	10	affects	affect	VERB
esutjss-88	228	11	households	household	NOUN
esutjss-88	228	12	which	which	PRON
esutjss-88	228	13	influences	influence	VERB
esutjss-88	228	14	negatively	negatively	ADV
esutjss-88	228	15	on	on	ADP
esutjss-88	228	16	household	household	NOUN
esutjss-88	228	17	saving	saving	NOUN
esutjss-88	228	18	.	.	PUNCT
esutjss-88	229	1	again	again	ADV
esutjss-88	229	2	,	,	PUNCT
esutjss-88	229	3	increase	increase	VERB
esutjss-88	229	4	in	in	ADP
esutjss-88	229	5	broad	broad	ADJ
esutjss-88	229	6	money	money	NOUN
esutjss-88	229	7	supply	supply	NOUN
esutjss-88	229	8	has	have	VERB
esutjss-88	229	9	a	a	DET
esutjss-88	229	10	reactionary	reactionary	ADJ
esutjss-88	229	11	effect	effect	NOUN
esutjss-88	229	12	on	on	ADP
esutjss-88	229	13	inflation	inflation	NOUN
esutjss-88	229	14	which	which	PRON
esutjss-88	229	15	in	in	ADP
esutjss-88	229	16	the	the	DET
esutjss-88	229	17	long	long	ADV
esutjss-88	229	18	-	-	PUNCT
esutjss-88	229	19	run	run	NOUN
esutjss-88	229	20	affects	affect	VERB
esutjss-88	229	21	savings	saving	NOUN
esutjss-88	229	22	.	.	PUNCT
esutjss-88	230	1	decrease	decrease	NOUN
esutjss-88	230	2	in	in	ADP
esutjss-88	230	3	economic	economic	ADJ
esutjss-88	230	4	growth	growth	NOUN
esutjss-88	230	5	resulting	result	VERB
esutjss-88	230	6	from	from	ADP
esutjss-88	230	7	lack	lack	NOUN
esutjss-88	230	8	of	of	ADP
esutjss-88	230	9	investment	investment	NOUN
esutjss-88	230	10	induces	induce	VERB
esutjss-88	230	11	unemployment	unemployment	NOUN
esutjss-88	230	12	and	and	CCONJ
esutjss-88	230	13	this	this	PRON
esutjss-88	230	14	in	in	ADP
esutjss-88	230	15	turn	turn	NOUN
esutjss-88	230	16	affect	affect	VERB
esutjss-88	230	17	household	household	NOUN
esutjss-88	230	18	saving	saving	NOUN
esutjss-88	230	19	.	.	PUNCT
esutjss-88	231	1	government	government	NOUN
esutjss-88	231	2	policy	policy	NOUN
esutjss-88	231	3	directions	direction	NOUN
esutjss-88	231	4	in	in	ADP
esutjss-88	231	5	the	the	DET
esutjss-88	231	6	ecowas	ecowas	PROPN
esutjss-88	231	7	countries	country	NOUN
esutjss-88	231	8	may	may	AUX
esutjss-88	231	9	bring	bring	VERB
esutjss-88	231	10	the	the	DET
esutjss-88	231	11	necessary	necessary	ADJ
esutjss-88	231	12	changes	change	NOUN
esutjss-88	231	13	so	so	SCONJ
esutjss-88	231	14	as	as	SCONJ
esutjss-88	231	15	to	to	PART
esutjss-88	231	16	promote	promote	VERB
esutjss-88	231	17	household	household	NOUN
esutjss-88	231	18	saving	saving	NOUN
esutjss-88	231	19	.	.	PUNCT
esutjss-88	232	1	policy	policy	NOUN
esutjss-88	232	2	recommendations	recommendation	NOUN
esutjss-88	232	3	in	in	ADP
esutjss-88	232	4	the	the	DET
esutjss-88	232	5	light	light	NOUN
esutjss-88	232	6	of	of	ADP
esutjss-88	232	7	the	the	DET
esutjss-88	232	8	empirical	empirical	ADJ
esutjss-88	232	9	evidence	evidence	NOUN
esutjss-88	232	10	,	,	PUNCT
esutjss-88	232	11	the	the	DET
esutjss-88	232	12	following	follow	VERB
esutjss-88	232	13	are	be	AUX
esutjss-88	232	14	recommended	recommend	VERB
esutjss-88	232	15	for	for	ADP
esutjss-88	232	16	policy	policy	NOUN
esutjss-88	232	17	considerations	consideration	NOUN
esutjss-88	232	18	.	.	PUNCT
esutjss-88	233	1	277	277	NUM
esutjss-88	233	2	i.	i.	NOUN
esutjss-88	233	3	considering	consider	VERB
esutjss-88	233	4	the	the	DET
esutjss-88	233	5	fact	fact	NOUN
esutjss-88	233	6	that	that	SCONJ
esutjss-88	233	7	domestic	domestic	ADJ
esutjss-88	233	8	credit	credit	NOUN
esutjss-88	233	9	was	be	AUX
esutjss-88	233	10	found	find	VERB
esutjss-88	233	11	to	to	PART
esutjss-88	233	12	have	have	VERB
esutjss-88	233	13	a	a	DET
esutjss-88	233	14	significant	significant	ADJ
esutjss-88	233	15	effect	effect	NOUN
esutjss-88	233	16	on	on	ADP
esutjss-88	233	17	domestic	domestic	ADJ
esutjss-88	233	18	saving	saving	NOUN
esutjss-88	233	19	during	during	ADP
esutjss-88	233	20	the	the	DET
esutjss-88	233	21	10	10	NUM
esutjss-88	233	22	quarter	quarter	NOUN
esutjss-88	233	23	horizon	horizon	NOUN
esutjss-88	233	24	in	in	ADP
esutjss-88	233	25	the	the	DET
esutjss-88	233	26	selected	select	VERB
esutjss-88	233	27	ecowas	ecowas	PROPN
esutjss-88	233	28	countries	country	NOUN
esutjss-88	233	29	,	,	PUNCT
esutjss-88	233	30	there	there	PRON
esutjss-88	233	31	is	be	VERB
esutjss-88	233	32	need	need	NOUN
esutjss-88	233	33	for	for	SCONJ
esutjss-88	233	34	the	the	DET
esutjss-88	233	35	government	government	NOUN
esutjss-88	233	36	and	and	CCONJ
esutjss-88	233	37	policy	policy	NOUN
esutjss-88	233	38	makers	maker	NOUN
esutjss-88	233	39	of	of	ADP
esutjss-88	233	40	the	the	DET
esutjss-88	233	41	ecowas	ecowas	PROPN
esutjss-88	233	42	region	region	NOUN
esutjss-88	233	43	to	to	PART
esutjss-88	233	44	formulate	formulate	VERB
esutjss-88	233	45	monetary	monetary	ADJ
esutjss-88	233	46	policy	policy	NOUN
esutjss-88	233	47	will	will	AUX
esutjss-88	233	48	lower	lower	VERB
esutjss-88	233	49	the	the	DET
esutjss-88	233	50	interest	interest	NOUN
esutjss-88	233	51	rate	rate	NOUN
esutjss-88	233	52	so	so	SCONJ
esutjss-88	233	53	as	as	SCONJ
esutjss-88	233	54	to	to	PART
esutjss-88	233	55	deepen	deepen	VERB
esutjss-88	233	56	the	the	DET
esutjss-88	233	57	credit	credit	NOUN
esutjss-88	233	58	market	market	NOUN
esutjss-88	233	59	and	and	CCONJ
esutjss-88	233	60	to	to	PART
esutjss-88	233	61	enhance	enhance	VERB
esutjss-88	233	62	investments	investment	NOUN
esutjss-88	233	63	,	,	PUNCT
esutjss-88	233	64	employment	employment	NOUN
esutjss-88	233	65	and	and	CCONJ
esutjss-88	233	66	ultimately	ultimately	ADV
esutjss-88	233	67	household	household	NOUN
esutjss-88	233	68	saving	save	VERB
esutjss-88	233	69	propensity	propensity	NOUN
esutjss-88	233	70	.	.	PUNCT
esutjss-88	234	1	ii	ii	PROPN
esutjss-88	234	2	.	.	PUNCT
esutjss-88	235	1	in	in	ADP
esutjss-88	235	2	order	order	NOUN
esutjss-88	235	3	not	not	PART
esutjss-88	235	4	to	to	PART
esutjss-88	235	5	trigger	trigger	VERB
esutjss-88	235	6	inflationary	inflationary	ADJ
esutjss-88	235	7	pressure	pressure	NOUN
esutjss-88	235	8	,	,	PUNCT
esutjss-88	235	9	the	the	DET
esutjss-88	235	10	policy	policy	NOUN
esutjss-88	235	11	makers	maker	NOUN
esutjss-88	235	12	and	and	CCONJ
esutjss-88	235	13	the	the	DET
esutjss-88	235	14	central	central	ADJ
esutjss-88	235	15	bankers	banker	NOUN
esutjss-88	235	16	of	of	ADP
esutjss-88	235	17	the	the	DET
esutjss-88	235	18	selected	select	VERB
esutjss-88	235	19	ecowas	ecowas	PROPN
esutjss-88	235	20	countries	country	NOUN
esutjss-88	235	21	should	should	AUX
esutjss-88	235	22	implement	implement	VERB
esutjss-88	235	23	restrictive	restrictive	ADJ
esutjss-88	235	24	monetary	monetary	ADJ
esutjss-88	235	25	policy	policy	NOUN
esutjss-88	235	26	measures	measure	NOUN
esutjss-88	235	27	that	that	PRON
esutjss-88	235	28	will	will	AUX
esutjss-88	235	29	curtail	curtail	VERB
esutjss-88	235	30	excessive	excessive	ADJ
esutjss-88	235	31	money	money	NOUN
esutjss-88	235	32	supply	supply	NOUN
esutjss-88	235	33	in	in	ADP
esutjss-88	235	34	order	order	NOUN
esutjss-88	235	35	to	to	PART
esutjss-88	235	36	reduce	reduce	VERB
esutjss-88	235	37	inflation	inflation	NOUN
esutjss-88	235	38	spiral	spiral	ADJ
esutjss-88	235	39	and	and	CCONJ
esutjss-88	235	40	household	household	NOUN
esutjss-88	235	41	purchasing	purchasing	NOUN
esutjss-88	235	42	power	power	NOUN
esutjss-88	235	43	.	.	PUNCT
esutjss-88	236	1	iii	iii	X
esutjss-88	236	2	.	.	PUNCT
esutjss-88	236	3	monetary	monetary	ADJ
esutjss-88	236	4	sector	sector	NOUN
esutjss-88	236	5	financial	financial	ADJ
esutjss-88	236	6	liberalization	liberalization	NOUN
esutjss-88	236	7	was	be	AUX
esutjss-88	236	8	found	find	VERB
esutjss-88	236	9	to	to	PART
esutjss-88	236	10	have	have	AUX
esutjss-88	236	11	contributed	contribute	VERB
esutjss-88	236	12	insignificantly	insignificantly	ADV
esutjss-88	236	13	to	to	ADP
esutjss-88	236	14	domestic	domestic	ADJ
esutjss-88	236	15	savings	saving	NOUN
esutjss-88	236	16	in	in	ADP
esutjss-88	236	17	the	the	DET
esutjss-88	236	18	selected	select	VERB
esutjss-88	236	19	ecowas	ecowas	PROPN
esutjss-88	236	20	countries	country	NOUN
esutjss-88	236	21	.	.	PUNCT
esutjss-88	237	1	this	this	PRON
esutjss-88	237	2	calls	call	VERB
esutjss-88	237	3	for	for	ADP
esutjss-88	237	4	re	re	NOUN
esutjss-88	237	5	-	-	NOUN
esutjss-88	237	6	examination	examination	NOUN
esutjss-88	237	7	of	of	ADP
esutjss-88	237	8	the	the	DET
esutjss-88	237	9	reform	reform	NOUN
esutjss-88	237	10	programmes	programme	NOUN
esutjss-88	237	11	with	with	ADP
esutjss-88	237	12	the	the	DET
esutjss-88	237	13	aim	aim	NOUN
esutjss-88	237	14	of	of	ADP
esutjss-88	237	15	strengthening	strengthen	VERB
esutjss-88	237	16	the	the	DET
esutjss-88	237	17	reform	reform	NOUN
esutjss-88	237	18	measures	measure	NOUN
esutjss-88	237	19	to	to	PART
esutjss-88	237	20	improve	improve	VERB
esutjss-88	237	21	domestic	domestic	ADJ
esutjss-88	237	22	savings	saving	NOUN
esutjss-88	237	23	.	.	PUNCT
esutjss-88	238	1	iv	iv	X
esutjss-88	238	2	.	.	PUNCT
esutjss-88	239	1	the	the	DET
esutjss-88	239	2	growth	growth	NOUN
esutjss-88	239	3	rate	rate	NOUN
esutjss-88	239	4	of	of	ADP
esutjss-88	239	5	the	the	DET
esutjss-88	239	6	impulse	impulse	ADJ
esutjss-88	239	7	response	response	NOUN
esutjss-88	239	8	function	function	NOUN
esutjss-88	239	9	shows	show	VERB
esutjss-88	239	10	a	a	DET
esutjss-88	239	11	declining	decline	VERB
esutjss-88	239	12	relationship	relationship	NOUN
esutjss-88	239	13	with	with	ADP
esutjss-88	239	14	household	household	NOUN
esutjss-88	239	15	savings	saving	NOUN
esutjss-88	239	16	over	over	ADP
esutjss-88	239	17	the	the	DET
esutjss-88	239	18	10	10	NUM
esutjss-88	239	19	quarters	quarter	NOUN
esutjss-88	239	20	horizons	horizon	NOUN
esutjss-88	239	21	.	.	PUNCT
esutjss-88	240	1	this	this	PRON
esutjss-88	240	2	necessitates	necessitate	VERB
esutjss-88	240	3	policy	policy	NOUN
esutjss-88	240	4	action	action	NOUN
esutjss-88	240	5	on	on	ADP
esutjss-88	240	6	the	the	DET
esutjss-88	240	7	part	part	NOUN
esutjss-88	240	8	the	the	DET
esutjss-88	240	9	ecowas	ecowas	PROPN
esutjss-88	240	10	government	government	NOUN
esutjss-88	240	11	for	for	ADP
esutjss-88	240	12	improving	improve	VERB
esutjss-88	240	13	and	and	CCONJ
esutjss-88	240	14	sustaining	sustain	VERB
esutjss-88	240	15	the	the	DET
esutjss-88	240	16	growth	growth	NOUN
esutjss-88	240	17	potentials	potential	NOUN
esutjss-88	240	18	of	of	ADP
esutjss-88	240	19	the	the	DET
esutjss-88	240	20	economies	economy	NOUN
esutjss-88	240	21	.	.	PUNCT
esutjss-88	241	1	v.	v.	ADP
esutjss-88	241	2	following	follow	VERB
esutjss-88	241	3	(	(	PUNCT
esutjss-88	241	4	iv	iv	X
esutjss-88	241	5	)	)	PUNCT
esutjss-88	241	6	above	above	ADV
esutjss-88	241	7	,	,	PUNCT
esutjss-88	241	8	the	the	DET
esutjss-88	241	9	government	government	NOUN
esutjss-88	241	10	and	and	CCONJ
esutjss-88	241	11	policy	policy	NOUN
esutjss-88	241	12	-	-	PUNCT
esutjss-88	241	13	makers	maker	NOUN
esutjss-88	241	14	of	of	ADP
esutjss-88	241	15	the	the	DET
esutjss-88	241	16	ecowas	ecowas	PROPN
esutjss-88	241	17	countries	country	NOUN
esutjss-88	241	18	must	must	AUX
esutjss-88	241	19	institute	institute	VERB
esutjss-88	241	20	growth	growth	NOUN
esutjss-88	241	21	enhancing	enhance	VERB
esutjss-88	241	22	mechanisms	mechanism	NOUN
esutjss-88	241	23	through	through	ADP
esutjss-88	241	24	product	product	NOUN
esutjss-88	241	25	diversity	diversity	NOUN
esutjss-88	241	26	and	and	CCONJ
esutjss-88	241	27	inclusion	inclusion	NOUN
esutjss-88	241	28	in	in	ADP
esutjss-88	241	29	the	the	DET
esutjss-88	241	30	growth	growth	NOUN
esutjss-88	241	31	process	process	NOUN
esutjss-88	241	32	.	.	PUNCT
esutjss-88	242	1	this	this	DET
esutjss-88	242	2	policy	policy	NOUN
esutjss-88	242	3	stimulates	stimulate	VERB
esutjss-88	242	4	employment	employment	NOUN
esutjss-88	242	5	through	through	ADP
esutjss-88	242	6	investment	investment	NOUN
esutjss-88	242	7	and	and	CCONJ
esutjss-88	242	8	enhancement	enhancement	NOUN
esutjss-88	242	9	of	of	ADP
esutjss-88	242	10	domestic	domestic	ADJ
esutjss-88	242	11	saving	saving	NOUN
esutjss-88	242	12	rate	rate	NOUN
esutjss-88	242	13	.	.	PUNCT
esutjss-88	243	1	agenda	agenda	NOUN
esutjss-88	243	2	for	for	ADP
esutjss-88	243	3	further	further	ADJ
esutjss-88	243	4	studies	study	NOUN
esutjss-88	243	5	the	the	DET
esutjss-88	243	6	analysis	analysis	NOUN
esutjss-88	243	7	of	of	ADP
esutjss-88	243	8	the	the	DET
esutjss-88	243	9	paper	paper	NOUN
esutjss-88	243	10	using	use	VERB
esutjss-88	243	11	panel	panel	NOUN
esutjss-88	243	12	var	var	NOUN
esutjss-88	243	13	no	no	ADV
esutjss-88	243	14	doubt	doubt	ADV
esutjss-88	243	15	is	be	AUX
esutjss-88	243	16	limited	limit	VERB
esutjss-88	243	17	by	by	ADP
esutjss-88	243	18	data	datum	NOUN
esutjss-88	243	19	and	and	CCONJ
esutjss-88	243	20	by	by	ADP
esutjss-88	243	21	method	method	NOUN
esutjss-88	243	22	.	.	PUNCT
esutjss-88	244	1	therefore	therefore	ADV
esutjss-88	244	2	,	,	PUNCT
esutjss-88	244	3	further	far	ADV
esutjss-88	244	4	empirical	empirical	ADJ
esutjss-88	244	5	attempts	attempt	NOUN
esutjss-88	244	6	should	should	AUX
esutjss-88	244	7	incorporate	incorporate	VERB
esutjss-88	244	8	:	:	PUNCT
esutjss-88	244	9	structural	structural	ADJ
esutjss-88	244	10	breaks	break	NOUN
esutjss-88	244	11	to	to	PART
esutjss-88	244	12	capture	capture	VERB
esutjss-88	244	13	the	the	DET
esutjss-88	244	14	break	break	NOUN
esutjss-88	244	15	-	-	PUNCT
esutjss-88	244	16	points	point	NOUN
esutjss-88	244	17	in	in	ADP
esutjss-88	244	18	the	the	DET
esutjss-88	244	19	policy	policy	NOUN
esutjss-88	244	20	regimes	regime	NOUN
esutjss-88	244	21	and	and	CCONJ
esutjss-88	244	22	construction	construction	NOUN
esutjss-88	244	23	of	of	ADP
esutjss-88	244	24	an	an	DET
esutjss-88	244	25	index	index	NOUN
esutjss-88	244	26	to	to	PART
esutjss-88	244	27	measure	measure	VERB
esutjss-88	244	28	the	the	DET
esutjss-88	244	29	three	three	NUM
esutjss-88	244	30	segments	segment	NOUN
esutjss-88	244	31	of	of	ADP
esutjss-88	244	32	liberalization	liberalization	NOUN
esutjss-88	244	33	as	as	ADV
esutjss-88	244	34	well	well	ADV
esutjss-88	244	35	expanding	expand	VERB
esutjss-88	244	36	and	and	CCONJ
esutjss-88	244	37	the	the	DET
esutjss-88	244	38	number	number	NOUN
esutjss-88	244	39	of	of	ADP
esutjss-88	244	40	ecowas	ecowas	PROPN
esutjss-88	244	41	countries	country	NOUN
esutjss-88	244	42	in	in	ADP
esutjss-88	244	43	the	the	DET
esutjss-88	244	44	analysis	analysis	NOUN
esutjss-88	244	45	.	.	PUNCT
esutjss-88	245	1	declaration	declaration	NOUN
esutjss-88	245	2	of	of	ADP
esutjss-88	245	3	interest	interest	NOUN
esutjss-88	245	4	:	:	PUNCT
esutjss-88	245	5	none	none	NOUN
esutjss-88	245	6	funding	funding	NOUN
esutjss-88	245	7	:	:	PUNCT
esutjss-88	245	8	none	none	NOUN
esutjss-88	245	9	authors	author	NOUN
esutjss-88	245	10	contribution	contribution	VERB
esutjss-88	245	11	:	:	PUNCT
esutjss-88	245	12	all	all	PRON
esutjss-88	245	13	were	be	AUX
esutjss-88	245	14	involved	involve	VERB
esutjss-88	245	15	in	in	ADP
esutjss-88	245	16	every	every	DET
esutjss-88	245	17	stage	stage	NOUN
esutjss-88	245	18	of	of	ADP
esutjss-88	245	19	the	the	DET
esutjss-88	245	20	paper	paper	NOUN
esutjss-88	245	21	.	.	PUNCT
esutjss-88	246	1	references	reference	NOUN
esutjss-88	246	2	abrigo	abrigo	ADJ
esutjss-88	246	3	,	,	PUNCT
esutjss-88	246	4	m.r.a	m.r.a	ADJ
esutjss-88	246	5	.	.	PUNCT
esutjss-88	246	6	&	&	CCONJ
esutjss-88	246	7	love	love	PROPN
esutjss-88	246	8	,	,	PUNCT
esutjss-88	246	9	i.	i.	PROPN
esutjss-88	246	10	(	(	PUNCT
esutjss-88	246	11	2015	2015	NUM
esutjss-88	246	12	)	)	PUNCT
esutjss-88	246	13	.	.	PUNCT
esutjss-88	247	1	estimation	estimation	NOUN
esutjss-88	247	2	of	of	ADP
esutjss-88	247	3	panel	panel	NOUN
esutjss-88	247	4	vector	vector	NOUN
esutjss-88	247	5	autoregression	autoregression	NOUN
esutjss-88	247	6	in	in	ADP
esutjss-88	247	7	stata	stata	NOUN
esutjss-88	247	8	:	:	PUNCT
esutjss-88	247	9	a	a	DET
esutjss-88	247	10	package	package	NOUN
esutjss-88	247	11	of	of	ADP
esutjss-88	247	12	programs	program	NOUN
esutjss-88	247	13	.	.	PUNCT
esutjss-88	248	1	retrieved	retrieve	VERB
esutjss-88	248	2	from	from	ADP
esutjss-88	248	3	http://paneldataconference2015.ceu.hu/program/micheal-abrigo.pdf	http://paneldataconference2015.ceu.hu/program/micheal-abrigo.pdf	NOUN
esutjss-88	248	4	.	.	PUNCT
esutjss-88	249	1	abu	abu	PROPN
esutjss-88	249	2	,	,	PUNCT
esutjss-88	249	3	n.	n.	PROPN
esutjss-88	249	4	,	,	PUNCT
esutjss-88	249	5	mohd	mohd	PROPN
esutjss-88	249	6	,	,	PUNCT
esutjss-88	249	7	z.a.k	z.a.k	PROPN
esutjss-88	249	8	.	.	PROPN
esutjss-88	249	9	&	&	CCONJ
esutjss-88	249	10	mukhriz	mukhriz	NOUN
esutjss-88	249	11	,	,	PUNCT
esutjss-88	249	12	i.a.a.(2013	i.a.a.(2013	PROPN
esutjss-88	249	13	)	)	PUNCT
esutjss-88	249	14	.	.	PUNCT
esutjss-88	250	1	low	low	ADJ
esutjss-88	250	2	saving	saving	NOUN
esutjss-88	250	3	rates	rate	NOUN
esutjss-88	250	4	in	in	ADP
esutjss-88	250	5	the	the	DET
esutjss-88	250	6	economic	economic	ADJ
esutjss-88	250	7	community	community	NOUN
esutjss-88	250	8	of	of	ADP
esutjss-88	250	9	west	west	ADJ
esutjss-88	250	10	african	african	ADJ
esutjss-88	250	11	states	state	NOUN
esutjss-88	250	12	(	(	PUNCT
esutjss-88	250	13	ecowas	ecowas	PROPN
esutjss-88	250	14	):	):	PUNCT
esutjss-88	250	15	the	the	DET
esutjss-88	250	16	role	role	NOUN
esutjss-88	250	17	of	of	ADP
esutjss-88	250	18	the	the	DET
esutjss-88	250	19	political	political	ADJ
esutjss-88	250	20	instabilityincome	instabilityincome	NOUN
esutjss-88	250	21	interaction	interaction	NOUN
esutjss-88	250	22	.	.	PUNCT
esutjss-88	251	1	south	south	PROPN
esutjss-88	251	2	east	east	PROPN
esutjss-88	251	3	european	european	PROPN
esutjss-88	251	4	journal	journal	PROPN
esutjss-88	251	5	of	of	ADP
esutjss-88	251	6	economics	economic	NOUN
esutjss-88	251	7	and	and	CCONJ
esutjss-88	251	8	business	business	NOUN
esutjss-88	251	9	8(2	8(2	NUM
esutjss-88	251	10	):	):	PUNCT
esutjss-88	251	11	53	53	NUM
esutjss-88	251	12	-	-	SYM
esutjss-88	251	13	63	63	NUM
esutjss-88	251	14	.	.	PUNCT
esutjss-88	251	15	retrieved	retrieve	VERB
esutjss-88	251	16	from	from	ADP
esutjss-88	251	17	doi:10.2478	doi:10.2478	NOUN
esutjss-88	251	18	/	/	SYM
esutjss-88	251	19	jeb-2013	jeb-2013	NOUN
esutjss-88	251	20	-	-	PUNCT
esutjss-88	251	21	2018	2018	NUM
esutjss-88	251	22	adam	adam	PROPN
esutjss-88	251	23	,	,	PUNCT
esutjss-88	251	24	a.j	a.j	PROPN
esutjss-88	251	25	.	.	PROPN
esutjss-88	251	26	&	&	CCONJ
esutjss-88	251	27	agba	agba	PROPN
esutjss-88	251	28	,	,	PUNCT
esutjss-88	251	29	a.v	a.v	PROPN
esutjss-88	251	30	.	.	PROPN
esutjss-88	251	31	(	(	PUNCT
esutjss-88	251	32	2006	2006	NUM
esutjss-88	251	33	)	)	PUNCT
esutjss-88	251	34	.	.	PUNCT
esutjss-88	252	1	conceptual	conceptual	ADJ
esutjss-88	252	2	issue	issue	NOUN
esutjss-88	252	3	on	on	ADP
esutjss-88	252	4	savings	saving	NOUN
esutjss-88	252	5	in	in	ADP
esutjss-88	252	6	nigeria	nigeria	PROPN
esutjss-88	252	7	.	.	PUNCT
esutjss-88	253	1	central	central	PROPN
esutjss-88	253	2	bank	bank	PROPN
esutjss-88	253	3	of	of	ADP
esutjss-88	253	4	nigeria	nigeria	PROPN
esutjss-88	253	5	bullion	bullion	NOUN
esutjss-88	253	6	,	,	PUNCT
esutjss-88	253	7	jan	jan	PROPN
esutjss-88	253	8	/	/	SYM
esutjss-88	253	9	march	march	PROPN
esutjss-88	253	10	,	,	PUNCT
esutjss-88	253	11	30	30	NUM
esutjss-88	253	12	(	(	PUNCT
esutjss-88	253	13	1	1	NUM
esutjss-88	253	14	):	):	PUNCT
esutjss-88	253	15	40	40	NUM
esutjss-88	253	16	-	-	SYM
esutjss-88	253	17	51	51	NUM
esutjss-88	253	18	.	.	PUNCT
esutjss-88	254	1	adewuyi	adewuyi	PROPN
esutjss-88	254	2	,	,	PUNCT
esutjss-88	254	3	a.	a.	PROPN
esutjss-88	254	4	bankola	bankola	PROPN
esutjss-88	254	5	,	,	PUNCT
esutjss-88	254	6	a.	a.	PROPN
esutjss-88	254	7	s.	s.	PROPN
esutjss-88	254	8	&	&	CCONJ
esutjss-88	254	9	arawomo	arawomo	PROPN
esutjss-88	254	10	,	,	PUNCT
esutjss-88	254	11	d.	d.	PROPN
esutjss-88	254	12	f.	f.	PROPN
esutjss-88	254	13	(	(	PUNCT
esutjss-88	254	14	2010	2010	NUM
esutjss-88	254	15	)	)	PUNCT
esutjss-88	254	16	.	.	PUNCT
esutjss-88	255	1	what	what	PRON
esutjss-88	255	2	determines	determine	VERB
esutjss-88	255	3	saving	save	VERB
esutjss-88	255	4	in	in	ADP
esutjss-88	255	5	the	the	DET
esutjss-88	255	6	economic	economic	ADJ
esutjss-88	255	7	community	community	NOUN
esutjss-88	255	8	of	of	ADP
esutjss-88	255	9	west	west	ADJ
esutjss-88	255	10	african	african	ADJ
esutjss-88	255	11	states	state	NOUN
esutjss-88	255	12	(	(	PUNCT
esutjss-88	255	13	ecowas	ecowas	PROPN
esutjss-88	255	14	)	)	PUNCT
esutjss-88	255	15	.	.	PUNCT
esutjss-88	256	1	west	west	PROPN
esutjss-88	256	2	african	african	PROPN
esutjss-88	256	3	journal	journal	PROPN
esutjss-88	256	4	of	of	ADP
esutjss-88	256	5	monetary	monetary	ADJ
esutjss-88	256	6	and	and	CCONJ
esutjss-88	256	7	economic	economic	ADJ
esutjss-88	256	8	integration	integration	NOUN
esutjss-88	256	9	,	,	PUNCT
esutjss-88	256	10	10	10	NUM
esutjss-88	256	11	(	(	PUNCT
esutjss-88	256	12	2	2	NUM
esutjss-88	256	13	):	):	PUNCT
esutjss-88	256	14	71	71	NUM
esutjss-88	256	15	-	-	SYM
esutjss-88	256	16	99	99	NUM
esutjss-88	256	17	.	.	PUNCT
esutjss-88	257	1	http://paneldataconference2015.ceu.hu/program/micheal-abrigo.pdf	http://paneldataconference2015.ceu.hu/program/micheal-abrigo.pdf	NOUN
esutjss-88	257	2	domestic	domestic	ADJ
esutjss-88	257	3	savings	saving	NOUN
esutjss-88	257	4	adewuyi	adewuyi	PROPN
esutjss-88	257	5	,	,	PUNCT
esutjss-88	257	6	a.	a.	NOUN
esutjss-88	257	7	,	,	PUNCT
esutjss-88	257	8	bankole	bankole	PROPN
esutjss-88	257	9	,	,	PUNCT
esutjss-88	257	10	a.s	a.s	PROPN
esutjss-88	257	11	.	.	PROPN
esutjss-88	257	12	&	&	CCONJ
esutjss-88	257	13	dumilola	dumilola	PROPN
esutjss-88	257	14	,	,	PUNCT
esutjss-88	257	15	f.a	f.a	PROPN
esutjss-88	257	16	.	.	PROPN
esutjss-88	257	17	(	(	PUNCT
esutjss-88	257	18	2010	2010	NUM
esutjss-88	257	19	)	)	PUNCT
esutjss-88	257	20	.	.	PUNCT
esutjss-88	258	1	what	what	PRON
esutjss-88	258	2	determines	determine	VERB
esutjss-88	258	3	saving	save	VERB
esutjss-88	258	4	in	in	ADP
esutjss-88	258	5	the	the	DET
esutjss-88	258	6	economic	economic	ADJ
esutjss-88	258	7	community	community	NOUN
esutjss-88	258	8	of	of	ADP
esutjss-88	258	9	west	west	ADJ
esutjss-88	258	10	african	african	ADJ
esutjss-88	258	11	states	state	NOUN
esutjss-88	258	12	(	(	PUNCT
esutjss-88	258	13	ecowas	ecowas	PROPN
esutjss-88	258	14	)	)	PUNCT
esutjss-88	258	15	.	.	PUNCT
esutjss-88	259	1	journal	journal	PROPN
esutjss-88	259	2	of	of	ADP
esutjss-88	259	3	monetary	monetary	ADJ
esutjss-88	259	4	and	and	CCONJ
esutjss-88	259	5	economic	economic	ADJ
esutjss-88	259	6	integration	integration	NOUN
esutjss-88	259	7	10(2	10(2	NUM
esutjss-88	259	8	):	):	PUNCT
esutjss-88	259	9	71	71	NUM
esutjss-88	259	10	-	-	SYM
esutjss-88	259	11	99	99	NUM
esutjss-88	259	12	.	.	PUNCT
esutjss-88	260	1	afdb	afdb	PROPN
esutjss-88	260	2	(	(	PUNCT
esutjss-88	260	3	2020	2020	NUM
esutjss-88	260	4	)	)	PUNCT
esutjss-88	260	5	.	.	PUNCT
esutjss-88	261	1	african	african	PROPN
esutjss-88	261	2	development	development	PROPN
esutjss-88	261	3	bank	bank	PROPN
esutjss-88	261	4	data	data	PROPN
esutjss-88	261	5	base	base	NOUN
esutjss-88	261	6	.	.	PUNCT
esutjss-88	262	1	a	a	DET
esutjss-88	262	2	publication	publication	NOUN
esutjss-88	262	3	of	of	ADP
esutjss-88	262	4	the	the	DET
esutjss-88	262	5	african	african	PROPN
esutjss-88	262	6	development	development	PROPN
esutjss-88	262	7	bank	bank	PROPN
esutjss-88	262	8	.	.	PUNCT
esutjss-88	263	1	african	african	ADJ
esutjss-88	263	2	economic	economic	ADJ
esutjss-88	263	3	outlook	outlook	NOUN
esutjss-88	263	4	(	(	PUNCT
esutjss-88	263	5	2021	2021	NUM
esutjss-88	263	6	)	)	PUNCT
esutjss-88	263	7	from	from	ADP
esutjss-88	263	8	debt	debt	NOUN
esutjss-88	263	9	resolution	resolution	NOUN
esutjss-88	263	10	to	to	ADP
esutjss-88	263	11	growth	growth	NOUN
esutjss-88	263	12	:	:	PUNCT
esutjss-88	263	13	the	the	DET
esutjss-88	263	14	road	road	NOUN
esutjss-88	263	15	ahead	ahead	ADV
esutjss-88	263	16	of	of	ADP
esutjss-88	263	17	africa	africa	PROPN
esutjss-88	263	18	.	.	PUNCT
esutjss-88	264	1	africa	africa	PROPN
esutjss-88	264	2	development	development	PROPN
esutjss-88	264	3	bank	bank	PROPN
esutjss-88	264	4	group	group	PROPN
esutjss-88	264	5	publications	publication	NOUN
esutjss-88	264	6	.	.	PUNCT
esutjss-88	265	1	ahmad	ahmad	PROPN
esutjss-88	265	2	,	,	PUNCT
esutjss-88	265	3	d.	d.	PROPN
esutjss-88	265	4	&	&	CCONJ
esutjss-88	265	5	premaratna	premaratna	PROPN
esutjss-88	265	6	,	,	PUNCT
esutjss-88	265	7	s.p	s.p	PROPN
esutjss-88	265	8	.	.	PROPN
esutjss-88	265	9	(	(	PUNCT
esutjss-88	265	10	2019	2019	NUM
esutjss-88	265	11	)	)	PUNCT
esutjss-88	265	12	.	.	PUNCT
esutjss-88	266	1	effect	effect	NOUN
esutjss-88	266	2	of	of	ADP
esutjss-88	266	3	financial	financial	ADJ
esutjss-88	266	4	liberalization	liberalization	NOUN
esutjss-88	266	5	on	on	ADP
esutjss-88	266	6	savings	saving	NOUN
esutjss-88	266	7	and	and	CCONJ
esutjss-88	266	8	investment	investment	NOUN
esutjss-88	266	9	in	in	ADP
esutjss-88	266	10	nigeria	nigeria	PROPN
esutjss-88	266	11	.	.	PUNCT
esutjss-88	267	1	colombo	colombo	PROPN
esutjss-88	267	2	journal	journal	PROPN
esutjss-88	267	3	of	of	ADP
esutjss-88	267	4	multi	multi	ADJ
esutjss-88	267	5	-	-	ADJ
esutjss-88	267	6	disciplinary	disciplinary	ADJ
esutjss-88	267	7	research	research	NOUN
esutjss-88	267	8	4	4	NUM
esutjss-88	267	9	(	(	PUNCT
esutjss-88	267	10	1	1	NUM
esutjss-88	267	11	):	):	PUNCT
esutjss-88	267	12	1	1	NUM
esutjss-88	267	13	-	-	SYM
esutjss-88	267	14	23	23	NUM
esutjss-88	267	15	.	.	PUNCT
esutjss-88	268	1	ahmed	ahmed	PROPN
esutjss-88	268	2	,	,	PUNCT
esutjss-88	268	3	a.v	a.v	PROPN
esutjss-88	268	4	.	.	PROPN
esutjss-88	268	5	,	,	PUNCT
esutjss-88	268	6	awonusi	awonusi	PROPN
esutjss-88	268	7	,	,	PUNCT
esutjss-88	268	8	f.	f.	PROPN
esutjss-88	268	9	,	,	PUNCT
esutjss-88	268	10	adebanjo	adebanjo	PROPN
esutjss-88	268	11	,	,	PUNCT
esutjss-88	268	12	j.f	j.f	PROPN
esutjss-88	268	13	.	.	PROPN
esutjss-88	268	14	&	&	CCONJ
esutjss-88	268	15	adebimpe	adebimpe	NOUN
esutjss-88	268	16	,	,	PUNCT
esutjss-88	268	17	e.y	e.y	PROPN
esutjss-88	268	18	.	.	PROPN
esutjss-88	268	19	(	(	PUNCT
esutjss-88	268	20	2017	2017	NUM
esutjss-88	268	21	)	)	PUNCT
esutjss-88	268	22	.	.	PUNCT
esutjss-88	269	1	financial	financial	ADJ
esutjss-88	269	2	sector	sector	NOUN
esutjss-88	269	3	reforms	reform	NOUN
esutjss-88	269	4	and	and	CCONJ
esutjss-88	269	5	savings	saving	NOUN
esutjss-88	269	6	mobilization	mobilization	NOUN
esutjss-88	269	7	in	in	ADP
esutjss-88	269	8	nigeria	nigeria	PROPN
esutjss-88	269	9	(	(	PUNCT
esutjss-88	269	10	1980	1980	NUM
esutjss-88	269	11	-	-	SYM
esutjss-88	269	12	2013	2013	NUM
esutjss-88	269	13	)	)	PUNCT
esutjss-88	269	14	.	.	PUNCT
esutjss-88	270	1	card	card	PROPN
esutjss-88	270	2	international	international	ADJ
esutjss-88	270	3	journal	journal	PROPN
esutjss-88	270	4	of	of	ADP
esutjss-88	270	5	management	management	NOUN
esutjss-88	270	6	studies	study	NOUN
esutjss-88	270	7	,	,	PUNCT
esutjss-88	270	8	business	business	NOUN
esutjss-88	270	9	&	&	CCONJ
esutjss-88	270	10	entrepreneurial	entrepreneurial	ADJ
esutjss-88	270	11	research	research	NOUN
esutjss-88	270	12	2	2	NUM
esutjss-88	270	13	(	(	PUNCT
esutjss-88	270	14	2	2	NUM
esutjss-88	270	15	):	):	PUNCT
esutjss-88	270	16	1	1	NUM
esutjss-88	270	17	-	-	SYM
esutjss-88	270	18	21	21	NUM
esutjss-88	270	19	.	.	PUNCT
esutjss-88	271	1	ahmed	ahmed	PROPN
esutjss-88	271	2	,	,	PUNCT
esutjss-88	271	3	a.v	a.v	PROPN
esutjss-88	271	4	.	.	PROPN
esutjss-88	271	5	,	,	PUNCT
esutjss-88	271	6	awonusi	awonusi	PROPN
esutjss-88	271	7	,	,	PUNCT
esutjss-88	271	8	f.	f.	PROPN
esutjss-88	271	9	,	,	PUNCT
esutjss-88	271	10	adebanjo	adebanjo	PROPN
esutjss-88	271	11	,	,	PUNCT
esutjss-88	271	12	j.f	j.f	PROPN
esutjss-88	271	13	.	.	PROPN
esutjss-88	271	14	&	&	CCONJ
esutjss-88	271	15	ewunuga	ewunuga	PROPN
esutjss-88	271	16	,	,	PUNCT
esutjss-88	271	17	y.a	y.a	PROPN
esutjss-88	271	18	.	.	PROPN
esutjss-88	271	19	(	(	PUNCT
esutjss-88	271	20	2017	2017	NUM
esutjss-88	271	21	)	)	PUNCT
esutjss-88	271	22	.	.	PUNCT
esutjss-88	272	1	financial	financial	ADJ
esutjss-88	272	2	sector	sector	NOUN
esutjss-88	272	3	reforms	reform	NOUN
esutjss-88	272	4	and	and	CCONJ
esutjss-88	272	5	saving	saving	NOUN
esutjss-88	272	6	mobilization	mobilization	NOUN
esutjss-88	272	7	in	in	ADP
esutjss-88	272	8	nigeria	nigeria	PROPN
esutjss-88	272	9	(	(	PUNCT
esutjss-88	272	10	1980	1980	NUM
esutjss-88	272	11	-	-	SYM
esutjss-88	272	12	2013	2013	NUM
esutjss-88	272	13	)	)	PUNCT
esutjss-88	272	14	card	card	NOUN
esutjss-88	272	15	international	international	ADJ
esutjss-88	272	16	journal	journal	NOUN
esutjss-88	272	17	of	of	ADP
esutjss-88	272	18	management	management	NOUN
esutjss-88	272	19	studies	study	NOUN
esutjss-88	272	20	,	,	PUNCT
esutjss-88	272	21	business	business	NOUN
esutjss-88	272	22	and	and	CCONJ
esutjss-88	272	23	entrepreneurship	entrepreneurship	NOUN
esutjss-88	272	24	research	research	NOUN
esutjss-88	272	25	2(2	2(2	NUM
esutjss-88	272	26	):	):	PUNCT
esutjss-88	272	27	1	1	NUM
esutjss-88	272	28	-	-	SYM
esutjss-88	272	29	21	21	NUM
esutjss-88	272	30	.	.	PUNCT
esutjss-88	272	31	retrieved	retrieve	VERB
esutjss-88	272	32	from	from	ADP
esutjss-88	272	33	http://www.casirmediapublishing.com	http://www.casirmediapublishing.com	X
esutjss-88	272	34	aizenman	aizenman	NOUN
esutjss-88	272	35	,	,	PUNCT
esutjss-88	272	36	j.	j.	PROPN
esutjss-88	272	37	,	,	PUNCT
esutjss-88	272	38	cheung	cheung	PROPN
esutjss-88	272	39	,	,	PUNCT
esutjss-88	272	40	y.w	y.w	PROPN
esutjss-88	272	41	.	.	PROPN
esutjss-88	272	42	&	&	CCONJ
esutjss-88	272	43	ito	ito	PROPN
esutjss-88	272	44	,	,	PUNCT
esutjss-88	272	45	h.	h.	PROPN
esutjss-88	272	46	(	(	PUNCT
esutjss-88	272	47	2017	2017	NUM
esutjss-88	272	48	)	)	PUNCT
esutjss-88	272	49	.	.	PUNCT
esutjss-88	273	1	the	the	DET
esutjss-88	273	2	interest	interest	NOUN
esutjss-88	273	3	rate	rate	NOUN
esutjss-88	273	4	effect	effect	NOUN
esutjss-88	273	5	on	on	ADP
esutjss-88	273	6	private	private	ADJ
esutjss-88	273	7	saving	saving	NOUN
esutjss-88	273	8	:	:	PUNCT
esutjss-88	273	9	alternative	alternative	ADJ
esutjss-88	273	10	perspective	perspective	NOUN
esutjss-88	273	11	adbi	adbi	ADJ
esutjss-88	273	12	working	working	NOUN
esutjss-88	273	13	paper	paper	NOUN
esutjss-88	273	14	series	series	NOUN
esutjss-88	273	15	,	,	PUNCT
esutjss-88	273	16	asian	asian	PROPN
esutjss-88	273	17	development	development	PROPN
esutjss-88	273	18	bank	bank	PROPN
esutjss-88	273	19	institute	institute	PROPN
esutjss-88	273	20	.	.	PUNCT
esutjss-88	274	1	akinsola	akinsola	PROPN
esutjss-88	274	2	,	,	PUNCT
esutjss-88	274	3	f.a	f.a	PROPN
esutjss-88	274	4	.	.	PROPN
esutjss-88	274	5	&	&	CCONJ
esutjss-88	274	6	odhiambo	odhiambo	PROPN
esutjss-88	274	7	,	,	PUNCT
esutjss-88	274	8	n.m	n.m	X
esutjss-88	274	9	(	(	PUNCT
esutjss-88	274	10	2017	2017	NUM
esutjss-88	274	11	)	)	PUNCT
esutjss-88	274	12	.	.	PUNCT
esutjss-88	275	1	the	the	DET
esutjss-88	275	2	impact	impact	NOUN
esutjss-88	275	3	of	of	ADP
esutjss-88	275	4	financial	financial	ADJ
esutjss-88	275	5	liberalization	liberalization	NOUN
esutjss-88	275	6	on	on	ADP
esutjss-88	275	7	economic	economic	ADJ
esutjss-88	275	8	growth	growth	NOUN
esutjss-88	275	9	in	in	ADP
esutjss-88	275	10	sub	sub	ADJ
esutjss-88	275	11	-	-	ADJ
esutjss-88	275	12	saharan	saharan	ADJ
esutjss-88	275	13	africa	africa	PROPN
esutjss-88	275	14	.	.	PUNCT
esutjss-88	276	1	cogent	cogent	NOUN
esutjss-88	276	2	economics	economics	PROPN
esutjss-88	276	3	&	&	CCONJ
esutjss-88	276	4	finance	finance	PROPN
esutjss-88	276	5	5	5	NUM
esutjss-88	276	6	:	:	SYM
esutjss-88	276	7	1338851	1338851	NUM
esutjss-88	276	8	.	.	PUNCT
esutjss-88	277	1	retrieved	retrieve	VERB
esutjss-88	277	2	from	from	ADP
esutjss-88	277	3	https://doi.org/10.1080/23322039.2017.1338857	https://doi.org/10.1080/23322039.2017.1338857	PROPN
esutjss-88	277	4	akinsola	akinsola	PROPN
esutjss-88	277	5	,	,	PUNCT
esutjss-88	277	6	f.a	f.a	PROPN
esutjss-88	277	7	.	.	PROPN
esutjss-88	277	8	,	,	PUNCT
esutjss-88	277	9	odhiambo	odhiambo	PROPN
esutjss-88	277	10	,	,	PUNCT
esutjss-88	277	11	n.m	n.m	PROPN
esutjss-88	277	12	.	.	PROPN
esutjss-88	277	13	,	,	PUNCT
esutjss-88	277	14	&	&	CCONJ
esutjss-88	277	15	mcmillan	mcmillan	NOUN
esutjss-88	277	16	(	(	PUNCT
esutjss-88	277	17	2017	2017	NUM
esutjss-88	277	18	)	)	PUNCT
esutjss-88	277	19	.	.	PUNCT
esutjss-88	278	1	the	the	DET
esutjss-88	278	2	impact	impact	NOUN
esutjss-88	278	3	of	of	ADP
esutjss-88	278	4	financial	financial	ADJ
esutjss-88	278	5	liberalization	liberalization	NOUN
esutjss-88	278	6	on	on	ADP
esutjss-88	278	7	economic	economic	ADJ
esutjss-88	278	8	growth	growth	NOUN
esutjss-88	278	9	in	in	ADP
esutjss-88	278	10	sub	sub	ADJ
esutjss-88	278	11	-	-	ADJ
esutjss-88	278	12	saharan	saharan	ADJ
esutjss-88	278	13	africa	africa	PROPN
esutjss-88	278	14	.	.	PUNCT
esutjss-88	279	1	department	department	PROPN
esutjss-88	279	2	of	of	ADP
esutjss-88	279	3	economics	economic	NOUN
esutjss-88	279	4	,	,	PUNCT
esutjss-88	279	5	university	university	NOUN
esutjss-88	279	6	of	of	ADP
esutjss-88	279	7	south	south	PROPN
esutjss-88	279	8	africa	africa	PROPN
esutjss-88	279	9	,	,	PUNCT
esutjss-88	279	10	pretoria	pretoria	PROPN
esutjss-88	279	11	.	.	PROPN
esutjss-88	279	12	akpan	akpan	PROPN
esutjss-88	279	13	,	,	PUNCT
esutjss-88	279	14	d.b	d.b	PROPN
esutjss-88	279	15	.	.	PROPN
esutjss-88	279	16	(	(	PUNCT
esutjss-88	279	17	2008	2008	NUM
esutjss-88	279	18	)	)	PUNCT
esutjss-88	279	19	.	.	PUNCT
esutjss-88	280	1	financial	financial	ADJ
esutjss-88	280	2	liberalization	liberalization	NOUN
esutjss-88	280	3	and	and	CCONJ
esutjss-88	280	4	endogenous	endogenous	ADJ
esutjss-88	280	5	growth	growth	NOUN
esutjss-88	280	6	in	in	ADP
esutjss-88	280	7	nigeria	nigeria	PROPN
esutjss-88	280	8	.	.	PUNCT
esutjss-88	281	1	economic	economic	ADJ
esutjss-88	281	2	and	and	CCONJ
esutjss-88	281	3	financial	financial	ADJ
esutjss-88	281	4	review	review	NOUN
esutjss-88	281	5	.	.	PUNCT
esutjss-88	282	1	46(2	46(2	NUM
esutjss-88	282	2	):	):	PUNCT
esutjss-88	282	3	1	1	NUM
esutjss-88	282	4	-	-	SYM
esutjss-88	282	5	27	27	NUM
esutjss-88	282	6	.	.	PUNCT
esutjss-88	283	1	alade	alade	PROPN
esutjss-88	283	2	,	,	PUNCT
esutjss-88	283	3	a.j	a.j	PROPN
esutjss-88	283	4	.	.	PROPN
esutjss-88	283	5	(	(	PUNCT
esutjss-88	283	6	2006	2006	NUM
esutjss-88	283	7	)	)	PUNCT
esutjss-88	283	8	.	.	PUNCT
esutjss-88	284	1	financial	financial	ADJ
esutjss-88	284	2	intermediation	intermediation	NOUN
esutjss-88	284	3	and	and	CCONJ
esutjss-88	284	4	economic	economic	ADJ
esutjss-88	284	5	growth	growth	NOUN
esutjss-88	284	6	.	.	PUNCT
esutjss-88	285	1	evidence	evidence	NOUN
esutjss-88	285	2	from	from	ADP
esutjss-88	285	3	nigeria	nigeria	PROPN
esutjss-88	285	4	,	,	PUNCT
esutjss-88	285	5	journal	journal	NOUN
esutjss-88	285	6	of	of	ADP
esutjss-88	285	7	economic	economic	ADJ
esutjss-88	285	8	management	management	NOUN
esutjss-88	285	9	5(2	5(2	NUM
esutjss-88	285	10	):	):	PUNCT
esutjss-88	285	11	12	12	NUM
esutjss-88	285	12	-	-	SYM
esutjss-88	285	13	24	24	NUM
esutjss-88	285	14	.	.	PUNCT
esutjss-88	285	15	alfaro	alfaro	PROPN
esutjss-88	285	16	,	,	PUNCT
esutjss-88	285	17	l.	l.	PROPN
esutjss-88	285	18	,	,	PUNCT
esutjss-88	285	19	chanda	chanda	PROPN
esutjss-88	285	20	a.	a.	PROPN
esutjss-88	285	21	,	,	PUNCT
esutjss-88	285	22	kalemli	kalemli	ADV
esutjss-88	285	23	-	-	PUNCT
esutjss-88	285	24	ozcan	ozcan	ADJ
esutjss-88	285	25	,	,	PUNCT
esutjss-88	285	26	s.	s.	PROPN
esutjss-88	285	27	&	&	CCONJ
esutjss-88	285	28	sayek	sayek	PROPN
esutjss-88	285	29	,	,	PUNCT
esutjss-88	285	30	s.	s.	PROPN
esutjss-88	285	31	(	(	PUNCT
esutjss-88	285	32	2004	2004	NUM
esutjss-88	285	33	)	)	PUNCT
esutjss-88	285	34	.	.	PUNCT
esutjss-88	286	1	fdi	fdi	NOUN
esutjss-88	286	2	and	and	CCONJ
esutjss-88	286	3	economic	economic	ADJ
esutjss-88	286	4	growth	growth	NOUN
esutjss-88	286	5	:	:	PUNCT
esutjss-88	286	6	the	the	DET
esutjss-88	286	7	role	role	NOUN
esutjss-88	286	8	of	of	ADP
esutjss-88	286	9	local	local	ADJ
esutjss-88	286	10	financial	financial	ADJ
esutjss-88	286	11	markets	market	NOUN
esutjss-88	286	12	.	.	PUNCT
esutjss-88	287	1	j.	j.	PROPN
esutjss-88	287	2	int	int	PROPN
esutjss-88	287	3	.	.	PUNCT
esutjss-88	288	1	eco	eco	PROPN
esutjss-88	288	2	.	.	PUNCT
esutjss-88	289	1	64(1	64(1	NUM
esutjss-88	289	2	):	):	PUNCT
esutjss-88	289	3	89	89	NUM
esutjss-88	289	4	-	-	SYM
esutjss-88	289	5	112	112	NUM
esutjss-88	289	6	.	.	PUNCT
esutjss-88	290	1	andrew	andrew	PROPN
esutjss-88	290	2	,	,	PUNCT
esutjss-88	290	3	k.w	k.w	PROPN
esutjss-88	290	4	.	.	PROPN
esutjss-88	290	5	&	&	CCONJ
esutjss-88	290	6	lu	lu	PROPN
esutjss-88	290	7	,	,	PUNCT
esutjss-88	290	8	b.	b.	PROPN
esutjss-88	290	9	(	(	PUNCT
esutjss-88	290	10	2001	2001	NUM
esutjss-88	290	11	)	)	PUNCT
esutjss-88	290	12	.	.	PUNCT
esutjss-88	291	1	consistent	consistent	ADJ
esutjss-88	291	2	model	model	NOUN
esutjss-88	291	3	and	and	CCONJ
esutjss-88	291	4	moment	moment	NOUN
esutjss-88	291	5	selection	selection	NOUN
esutjss-88	291	6	procedures	procedure	NOUN
esutjss-88	291	7	for	for	ADP
esutjss-88	291	8	gmm	gmm	NOUN
esutjss-88	291	9	estimation	estimation	NOUN
esutjss-88	291	10	with	with	ADP
esutjss-88	291	11	application	application	NOUN
esutjss-88	291	12	to	to	ADP
esutjss-88	291	13	dynamic	dynamic	ADJ
esutjss-88	291	14	panel	panel	NOUN
esutjss-88	291	15	data	datum	NOUN
esutjss-88	291	16	models	model	NOUN
esutjss-88	291	17	.	.	PUNCT
esutjss-88	292	1	journal	journal	NOUN
esutjss-88	292	2	of	of	ADP
esutjss-88	292	3	econometrics	econometric	NOUN
esutjss-88	292	4	,	,	PUNCT
esutjss-88	292	5	101	101	NUM
esutjss-88	292	6	(	(	PUNCT
esutjss-88	292	7	8)	8)	NUM
esutjss-88	292	8	:	:	PUNCT
esutjss-88	292	9	123	123	NUM
esutjss-88	292	10	-	-	SYM
esutjss-88	292	11	164	164	NUM
esutjss-88	292	12	.	.	PUNCT
esutjss-88	293	1	http://doi.org110.1016/50304	http://doi.org110.1016/50304	PROPN
esutjss-88	293	2	-	-	PUNCT
esutjss-88	293	3	4076(00)00077	4076(00)00077	NUM
esutjss-88	293	4	-	-	PUNCT
esutjss-88	293	5	4	4	NUM
esutjss-88	293	6	anthony	anthony	NOUN
esutjss-88	293	7	,	,	PUNCT
esutjss-88	293	8	o.	o.	NOUN
esutjss-88	293	9	(	(	PUNCT
esutjss-88	293	10	2012	2012	NUM
esutjss-88	293	11	)	)	PUNCT
esutjss-88	293	12	.	.	PUNCT
esutjss-88	294	1	bank	bank	NOUN
esutjss-88	294	2	savings	saving	NOUN
esutjss-88	294	3	and	and	CCONJ
esutjss-88	294	4	bank	bank	NOUN
esutjss-88	294	5	credits	credit	NOUN
esutjss-88	294	6	in	in	ADP
esutjss-88	294	7	nigeria	nigeria	PROPN
esutjss-88	294	8	:	:	PUNCT
esutjss-88	294	9	determinants	determinant	NOUN
esutjss-88	294	10	and	and	CCONJ
esutjss-88	294	11	impact	impact	NOUN
esutjss-88	294	12	on	on	ADP
esutjss-88	294	13	economic	economic	ADJ
esutjss-88	294	14	growth	growth	NOUN
esutjss-88	294	15	.	.	PUNCT
esutjss-88	295	1	international	international	ADJ
esutjss-88	295	2	journal	journal	PROPN
esutjss-88	295	3	of	of	ADP
esutjss-88	295	4	economics	economic	NOUN
esutjss-88	295	5	and	and	CCONJ
esutjss-88	295	6	financial	financial	ADJ
esutjss-88	295	7	issues	issue	NOUN
esutjss-88	295	8	2(3	2(3	NUM
esutjss-88	295	9	):	):	PUNCT
esutjss-88	295	10	357372	357372	NUM
esutjss-88	295	11	.	.	PUNCT
esutjss-88	296	1	aryeetey	aryeetey	PROPN
esutjss-88	296	2	,	,	PUNCT
esutjss-88	296	3	e.	e.	PROPN
esutjss-88	296	4	&	&	CCONJ
esutjss-88	296	5	udry	udry	PROPN
esutjss-88	296	6	,	,	PUNCT
esutjss-88	296	7	c.	c.	PROPN
esutjss-88	296	8	(	(	PUNCT
esutjss-88	296	9	2000	2000	NUM
esutjss-88	296	10	)	)	PUNCT
esutjss-88	296	11	.	.	PUNCT
esutjss-88	297	1	saving	save	VERB
esutjss-88	297	2	in	in	ADP
esutjss-88	297	3	sub	sub	ADJ
esutjss-88	297	4	-	-	ADJ
esutjss-88	297	5	saharan	saharan	ADJ
esutjss-88	297	6	africa	africa	PROPN
esutjss-88	297	7	,	,	PUNCT
esutjss-88	297	8	cid	cid	VERB
esutjss-88	297	9	working	working	NOUN
esutjss-88	297	10	paper	paper	NOUN
esutjss-88	297	11	38	38	NUM
esutjss-88	297	12	,	,	PUNCT
esutjss-88	297	13	centre	centre	NOUN
esutjss-88	297	14	for	for	ADP
esutjss-88	297	15	international	international	ADJ
esutjss-88	297	16	development	development	NOUN
esutjss-88	297	17	,	,	PUNCT
esutjss-88	297	18	harvard	harvard	PROPN
esutjss-88	297	19	university	university	PROPN
esutjss-88	297	20	.	.	PUNCT
esutjss-88	298	1	cambridge	cambridge	PROPN
esutjss-88	298	2	m.a	m.a	PROPN
esutjss-88	298	3	asongu	asongu	PROPN
esutjss-88	298	4	,	,	PUNCT
esutjss-88	298	5	s.a	s.a	PROPN
esutjss-88	298	6	.	.	PROPN
esutjss-88	298	7	&	&	CCONJ
esutjss-88	298	8	odhiambo	odhiambo	PROPN
esutjss-88	298	9	,	,	PUNCT
esutjss-88	298	10	m.n	m.n	PROPN
esutjss-88	298	11	.	.	PROPN
esutjss-88	298	12	(	(	PUNCT
esutjss-88	298	13	2019	2019	NUM
esutjss-88	298	14	)	)	PUNCT
esutjss-88	298	15	.	.	PUNCT
esutjss-88	299	1	challenges	challenge	NOUN
esutjss-88	299	2	to	to	ADP
esutjss-88	299	3	doing	do	VERB
esutjss-88	299	4	business	business	NOUN
esutjss-88	299	5	in	in	ADP
esutjss-88	299	6	africa	africa	PROPN
esutjss-88	299	7	:	:	PUNCT
esutjss-88	299	8	a	a	DET
esutjss-88	299	9	systematic	systematic	ADJ
esutjss-88	299	10	review	review	NOUN
esutjss-88	299	11	.	.	PUNCT
esutjss-88	300	1	j.	j.	PROPN
esutjss-88	300	2	afri	afri	PROPN
esutjss-88	300	3	.	.	PUNCT
esutjss-88	301	1	bus	bus	PROPN
esutjss-88	301	2	.	.	PUNCT
esutjss-88	302	1	20(2	20(2	NUM
esutjss-88	302	2	):	):	PUNCT
esutjss-88	302	3	259	259	NUM
esutjss-88	302	4	-	-	SYM
esutjss-88	302	5	268	268	NUM
esutjss-88	302	6	.	.	PUNCT
esutjss-88	303	1	athukorapa	athukorapa	VERB
esutjss-88	303	2	,	,	PUNCT
esutjss-88	303	3	p.	p.	PROPN
esutjss-88	303	4	&	&	CCONJ
esutjss-88	303	5	sen	sen	PROPN
esutjss-88	303	6	,	,	PUNCT
esutjss-88	303	7	k.	k.	PROPN
esutjss-88	303	8	(	(	PUNCT
esutjss-88	303	9	2001	2001	NUM
esutjss-88	303	10	)	)	PUNCT
esutjss-88	303	11	.	.	PUNCT
esutjss-88	304	1	the	the	DET
esutjss-88	304	2	determinants	determinant	NOUN
esutjss-88	304	3	of	of	ADP
esutjss-88	304	4	the	the	DET
esutjss-88	304	5	private	private	ADJ
esutjss-88	304	6	saving	saving	NOUN
esutjss-88	304	7	in	in	ADP
esutjss-88	304	8	india	india	PROPN
esutjss-88	304	9	,	,	PUNCT
esutjss-88	304	10	economic	economic	ADJ
esutjss-88	304	11	december	december	PROPN
esutjss-88	304	12	.	.	PUNCT
esutjss-88	305	1	auerbach	auerbach	PROPN
esutjss-88	305	2	,	,	PUNCT
esutjss-88	305	3	p.	p.	NOUN
esutjss-88	305	4	&	&	CCONJ
esutjss-88	305	5	siddiki	siddiki	PROPN
esutjss-88	305	6	,	,	PUNCT
esutjss-88	305	7	j.u	j.u	PROPN
esutjss-88	305	8	.	.	PROPN
esutjss-88	305	9	(	(	PUNCT
esutjss-88	305	10	2004	2004	NUM
esutjss-88	305	11	)	)	PUNCT
esutjss-88	305	12	.	.	PUNCT
esutjss-88	306	1	financial	financial	ADJ
esutjss-88	306	2	liberalization	liberalization	NOUN
esutjss-88	306	3	and	and	CCONJ
esutjss-88	306	4	economic	economic	ADJ
esutjss-88	306	5	development	development	NOUN
esutjss-88	306	6	:	:	PUNCT
esutjss-88	306	7	an	an	DET
esutjss-88	306	8	assessment	assessment	NOUN
esutjss-88	306	9	journal	journal	NOUN
esutjss-88	306	10	of	of	ADP
esutjss-88	306	11	economic	economic	ADJ
esutjss-88	306	12	survey	survey	NOUN
esutjss-88	306	13	18(3	18(3	NUM
esutjss-88	306	14	):	):	PUNCT
esutjss-88	306	15	231	231	NUM
esutjss-88	306	16	-	-	SYM
esutjss-88	306	17	265	265	NUM
esutjss-88	306	18	.	.	PUNCT
esutjss-88	307	1	azam	azam	PROPN
esutjss-88	307	2	,	,	PUNCT
esutjss-88	307	3	j.	j.	PROPN
esutjss-88	307	4	(	(	PUNCT
esutjss-88	307	5	1996	1996	NUM
esutjss-88	307	6	)	)	PUNCT
esutjss-88	307	7	.	.	PUNCT
esutjss-88	308	1	saving	saving	NOUN
esutjss-88	308	2	and	and	CCONJ
esutjss-88	308	3	interest	interest	NOUN
esutjss-88	308	4	rate	rate	NOUN
esutjss-88	308	5	:	:	PUNCT
esutjss-88	308	6	the	the	DET
esutjss-88	308	7	cast	cast	NOUN
esutjss-88	308	8	of	of	ADP
esutjss-88	308	9	kenya.saving	kenya.saving	PROPN
esutjss-88	308	10	and	and	CCONJ
esutjss-88	308	11	development	development	NOUN
esutjss-88	308	12	20	20	NUM
esutjss-88	308	13	(	(	PUNCT
esutjss-88	308	14	1	1	NUM
esutjss-88	308	15	):	):	PUNCT
esutjss-88	308	16	33	33	NUM
esutjss-88	308	17	-	-	SYM
esutjss-88	308	18	43	43	NUM
esutjss-88	308	19	.	.	PUNCT
esutjss-88	309	1	bakare	bakare	PROPN
esutjss-88	309	2	,	,	PUNCT
esutjss-88	309	3	a.s	a.s	PROPN
esutjss-88	309	4	.	.	PROPN
esutjss-88	309	5	(	(	PUNCT
esutjss-88	309	6	2011	2011	NUM
esutjss-88	309	7	)	)	PUNCT
esutjss-88	309	8	.	.	PUNCT
esutjss-88	310	1	financial	financial	ADJ
esutjss-88	310	2	sector	sector	NOUN
esutjss-88	310	3	reforms	reform	NOUN
esutjss-88	310	4	and	and	CCONJ
esutjss-88	310	5	domestic	domestic	ADJ
esutjss-88	310	6	savings	saving	NOUN
esutjss-88	310	7	in	in	ADP
esutjss-88	310	8	nigeria	nigeria	PROPN
esutjss-88	310	9	:	:	PUNCT
esutjss-88	310	10	an	an	DET
esutjss-88	310	11	econometric	econometric	ADJ
esutjss-88	310	12	assessment	assessment	NOUN
esutjss-88	310	13	.	.	PUNCT
esutjss-88	311	1	prime	prime	ADJ
esutjss-88	311	2	journals	journal	NOUN
esutjss-88	311	3	of	of	ADP
esutjss-88	311	4	business	business	NOUN
esutjss-88	311	5	administration	administration	NOUN
esutjss-88	311	6	and	and	CCONJ
esutjss-88	311	7	management	management	NOUN
esutjss-88	311	8	(	(	PUNCT
esutjss-88	311	9	bam	bam	NOUN
esutjss-88	311	10	)	)	PUNCT
esutjss-88	311	11	,	,	PUNCT
esutjss-88	311	12	1(6	1(6	NUM
esutjss-88	311	13	):	):	PUNCT
esutjss-88	311	14	198	198	NUM
esutjss-88	311	15	-	-	SYM
esutjss-88	311	16	204	204	NUM
esutjss-88	311	17	.	.	PUNCT
esutjss-88	311	18	retrieved	retrieve	VERB
esutjss-88	311	19	fromwww.primejournal.org/bam	fromwww.primejournal.org/bam	ADV
esutjss-88	311	20	http://www.casirmediapublishing.com/	http://www.casirmediapublishing.com/	X
esutjss-88	311	21	https://doi.org/10.1080/23322039.2017.1338857	https://doi.org/10.1080/23322039.2017.1338857	PROPN
esutjss-88	312	1	http://doi.org110.1016/50304	http://doi.org110.1016/50304	PROPN
esutjss-88	312	2	-	-	PUNCT
esutjss-88	312	3	4076(00)00077	4076(00)00077	NUM
esutjss-88	312	4	-	-	SYM
esutjss-88	312	5	4	4	NUM
esutjss-88	312	6	http://www.primejournal.org/bam	http://www.primejournal.org/bam	NOUN
esutjss-88	312	7	279	279	NUM
esutjss-88	312	8	bank	bank	NOUN
esutjss-88	312	9	of	of	ADP
esutjss-88	312	10	ghana	ghana	PROPN
esutjss-88	312	11	(	(	PUNCT
esutjss-88	312	12	2021	2021	NUM
esutjss-88	312	13	)	)	PUNCT
esutjss-88	312	14	monetary	monetary	ADJ
esutjss-88	312	15	policy	policy	NOUN
esutjss-88	312	16	report	report	NOUN
esutjss-88	312	17	.	.	PUNCT
esutjss-88	313	1	4	4	NUM
esutjss-88	313	2	(	(	PUNCT
esutjss-88	313	3	4	4	NUM
esutjss-88	313	4	):	):	PUNCT
esutjss-88	313	5	1	1	NUM
esutjss-88	313	6	-	-	SYM
esutjss-88	313	7	9	9	NUM
esutjss-88	313	8	.	.	PUNCT
esutjss-88	313	9	bekaert	bekaert	NOUN
esutjss-88	313	10	,	,	PUNCT
esutjss-88	313	11	g.	g.	PROPN
esutjss-88	313	12	,	,	PUNCT
esutjss-88	313	13	harvey	harvey	PROPN
esutjss-88	313	14	,	,	PUNCT
esutjss-88	313	15	c.r	c.r	PROPN
esutjss-88	313	16	.	.	PROPN
esutjss-88	313	17	&	&	CCONJ
esutjss-88	313	18	lundblad	lundblad	NOUN
esutjss-88	313	19	,	,	PUNCT
esutjss-88	313	20	c.	c.	PROPN
esutjss-88	313	21	(	(	PUNCT
esutjss-88	313	22	2005	2005	NUM
esutjss-88	313	23	)	)	PUNCT
esutjss-88	313	24	.	.	PUNCT
esutjss-88	314	1	does	do	VERB
esutjss-88	314	2	financial	financial	ADJ
esutjss-88	314	3	liberalization	liberalization	NOUN
esutjss-88	314	4	super	super	ADJ
esutjss-88	314	5	growth	growth	NOUN
esutjss-88	314	6	?	?	PUNCT
esutjss-88	315	1	journal	journal	NOUN
esutjss-88	315	2	of	of	ADP
esutjss-88	315	3	financial	financial	ADJ
esutjss-88	315	4	economics	economic	NOUN
esutjss-88	315	5	77:3	77:3	NUM
esutjss-88	315	6	-	-	SYM
esutjss-88	315	7	55	55	NUM
esutjss-88	315	8	.	.	PUNCT
esutjss-88	316	1	bime	bime	NOUN
esutjss-88	316	2	,	,	PUNCT
esutjss-88	316	3	m.j	m.j	PROPN
esutjss-88	316	4	.	.	PROPN
esutjss-88	316	5	&	&	CCONJ
esutjss-88	316	6	mbanasor	mbanasor	PROPN
esutjss-88	316	7	,	,	PUNCT
esutjss-88	316	8	j.	j.	PROPN
esutjss-88	316	9	(	(	PUNCT
esutjss-88	316	10	2011	2011	NUM
esutjss-88	316	11	)	)	PUNCT
esutjss-88	316	12	.	.	PUNCT
esutjss-88	317	1	determinants	determinant	NOUN
esutjss-88	317	2	of	of	ADP
esutjss-88	317	3	informal	informal	ADJ
esutjss-88	317	4	savings	saving	NOUN
esutjss-88	317	5	amongst	amongst	ADP
esutjss-88	317	6	vegetable	vegetable	NOUN
esutjss-88	317	7	farmers	farmer	NOUN
esutjss-88	317	8	in	in	ADP
esutjss-88	317	9	north	north	PROPN
esutjss-88	317	10	west	west	PROPN
esutjss-88	317	11	region	region	PROPN
esutjss-88	317	12	,	,	PUNCT
esutjss-88	317	13	cameroon	cameroon	PROPN
esutjss-88	317	14	.	.	PUNCT
esutjss-88	318	1	journal	journal	PROPN
esutjss-88	318	2	of	of	ADP
esutjss-88	318	3	development	development	NOUN
esutjss-88	318	4	and	and	CCONJ
esutjss-88	318	5	agricultural	agricultural	ADJ
esutjss-88	318	6	economics	economic	NOUN
esutjss-88	318	7	.	.	PUNCT
esutjss-88	319	1	3(12	3(12	NUM
esutjss-88	319	2	):	):	PUNCT
esutjss-88	319	3	588	588	NUM
esutjss-88	319	4	-	-	SYM
esutjss-88	319	5	592	592	NUM
esutjss-88	319	6	.	.	PUNCT
esutjss-88	320	1	bosede	bosede	PROPN
esutjss-88	320	2	,	,	PUNCT
esutjss-88	320	3	v.k	v.k	PROPN
esutjss-88	320	4	.	.	PROPN
esutjss-88	320	5	(	(	PUNCT
esutjss-88	320	6	2013	2013	NUM
esutjss-88	320	7	)	)	PUNCT
esutjss-88	320	8	.	.	PUNCT
esutjss-88	321	1	savings	saving	NOUN
esutjss-88	321	2	and	and	CCONJ
esutjss-88	321	3	its	its	PRON
esutjss-88	321	4	determinants	determinant	NOUN
esutjss-88	321	5	in	in	ADP
esutjss-88	321	6	west	west	ADJ
esutjss-88	321	7	african	african	ADJ
esutjss-88	321	8	countries	country	NOUN
esutjss-88	321	9	,	,	PUNCT
esutjss-88	321	10	journal	journal	NOUN
esutjss-88	321	11	of	of	ADP
esutjss-88	321	12	economics	economic	NOUN
esutjss-88	321	13	and	and	CCONJ
esutjss-88	321	14	sustainable	sustainable	ADJ
esutjss-88	321	15	development	development	NOUN
esutjss-88	321	16	4(18	4(18	NOUN
esutjss-88	321	17	):	):	PUNCT
esutjss-88	321	18	107	107	NUM
esutjss-88	321	19	-	-	SYM
esutjss-88	321	20	119	119	NUM
esutjss-88	321	21	.	.	PUNCT
esutjss-88	322	1	boubtane	boubtane	PROPN
esutjss-88	322	2	,	,	PUNCT
esutjss-88	322	3	e.	e.	PROPN
esutjss-88	322	4	,	,	PUNCT
esutjss-88	322	5	coulibaly	coulibaly	PROPN
esutjss-88	322	6	,	,	PUNCT
esutjss-88	322	7	d.	d.	PROPN
esutjss-88	322	8	&	&	CCONJ
esutjss-88	322	9	rault	rault	NOUN
esutjss-88	322	10	,	,	PUNCT
esutjss-88	322	11	c.	c.	PROPN
esutjss-88	322	12	(	(	PUNCT
esutjss-88	322	13	2012	2012	NUM
esutjss-88	322	14	)	)	PUNCT
esutjss-88	322	15	.	.	PUNCT
esutjss-88	323	1	immigration	immigration	NOUN
esutjss-88	323	2	,	,	PUNCT
esutjss-88	323	3	growth	growth	NOUN
esutjss-88	323	4	and	and	CCONJ
esutjss-88	323	5	unemployment	unemployment	NOUN
esutjss-88	323	6	:	:	PUNCT
esutjss-88	323	7	panel	panel	NOUN
esutjss-88	323	8	var	var	NOUN
esutjss-88	323	9	evidence	evidence	NOUN
esutjss-88	323	10	from	from	ADP
esutjss-88	323	11	oecd	oecd	PROPN
esutjss-88	323	12	countries	country	NOUN
esutjss-88	323	13	iza	iza	PROPN
esutjss-88	323	14	dp	dp	PROPN
esutjss-88	324	1	no	no	INTJ
esutjss-88	324	2	.	.	PUNCT
esutjss-88	325	1	6966	6966	NUM
esutjss-88	325	2	.	.	PUNCT
esutjss-88	326	1	brookin	brookin	NOUN
esutjss-88	326	2	,	,	PUNCT
esutjss-88	326	3	m.a	m.a	PROPN
esutjss-88	326	4	.	.	PROPN
esutjss-88	326	5	(	(	PUNCT
esutjss-88	326	6	2001	2001	NUM
esutjss-88	326	7	)	)	PUNCT
esutjss-88	326	8	.	.	PUNCT
esutjss-88	327	1	saving	save	VERB
esutjss-88	327	2	behavior	behavior	NOUN
esutjss-88	327	3	in	in	ADP
esutjss-88	327	4	low	low	ADJ
esutjss-88	327	5	-	-	PUNCT
esutjss-88	327	6	and	and	CCONJ
esutjss-88	327	7	middle	middle	ADJ
esutjss-88	327	8	income	income	NOUN
esutjss-88	327	9	developing	develop	VERB
esutjss-88	327	10	countries	country	NOUN
esutjss-88	327	11	:	:	PUNCT
esutjss-88	327	12	3871	3871	NUM
esutjss-88	327	13	.	.	PUNCT
esutjss-88	328	1	central	central	ADJ
esutjss-88	328	2	bank	bank	PROPN
esutjss-88	328	3	of	of	ADP
esutjss-88	328	4	liberia	liberia	PROPN
esutjss-88	328	5	(	(	PUNCT
esutjss-88	328	6	2016	2016	NUM
esutjss-88	328	7	)	)	PUNCT
esutjss-88	328	8	annual	annual	ADJ
esutjss-88	328	9	report	report	NOUN
esutjss-88	328	10	.	.	PUNCT
esutjss-88	329	1	monwiva	monwiva	PROPN
esutjss-88	329	2	,	,	PUNCT
esutjss-88	329	3	liberia	liberia	PROPN
esutjss-88	329	4	central	central	PROPN
esutjss-88	329	5	bank	bank	PROPN
esutjss-88	329	6	of	of	ADP
esutjss-88	329	7	liberia	liberia	PROPN
esutjss-88	329	8	(	(	PUNCT
esutjss-88	329	9	2017	2017	NUM
esutjss-88	329	10	)	)	PUNCT
esutjss-88	329	11	strategic	strategic	ADJ
esutjss-88	329	12	plan	plan	NOUN
esutjss-88	329	13	2017	2017	NUM
esutjss-88	329	14	-	-	SYM
esutjss-88	329	15	2019	2019	NUM
esutjss-88	329	16	,	,	PUNCT
esutjss-88	329	17	monwvia	monwvia	NOUN
esutjss-88	329	18	,	,	PUNCT
esutjss-88	329	19	liberia	liberia	PROPN
esutjss-88	329	20	.	.	PUNCT
esutjss-88	330	1	central	central	PROPN
esutjss-88	330	2	bank	bank	PROPN
esutjss-88	330	3	of	of	ADP
esutjss-88	330	4	nigeria	nigeria	PROPN
esutjss-88	330	5	(	(	PUNCT
esutjss-88	330	6	2007	2007	NUM
esutjss-88	330	7	)	)	PUNCT
esutjss-88	330	8	.	.	PUNCT
esutjss-88	331	1	available	available	ADJ
esutjss-88	331	2	at	at	ADP
esutjss-88	331	3	http://www.cbn.gov.ng./monetarypolicy	http://www.cbn.gov.ng./monetarypolicy	NOUN
esutjss-88	331	4	/	/	SYM
esutjss-88	331	5	policy.asp	policy.asp	NOUN
esutjss-88	331	6	.	.	PUNCT
esutjss-88	332	1	central	central	PROPN
esutjss-88	332	2	bank	bank	PROPN
esutjss-88	332	3	of	of	ADP
esutjss-88	332	4	nigeria	nigeria	PROPN
esutjss-88	332	5	(	(	PUNCT
esutjss-88	332	6	2021	2021	NUM
esutjss-88	332	7	)	)	PUNCT
esutjss-88	332	8	.	.	PUNCT
esutjss-88	333	1	banking	banking	NOUN
esutjss-88	333	2	supervision	supervision	NOUN
esutjss-88	333	3	annual	annual	ADJ
esutjss-88	333	4	report	report	NOUN
esutjss-88	333	5	.	.	PUNCT
esutjss-88	334	1	abuja	abuja	PROPN
esutjss-88	334	2	,	,	PUNCT
esutjss-88	334	3	nigeria	nigeria	PROPN
esutjss-88	334	4	:	:	PUNCT
esutjss-88	334	5	central	central	ADJ
esutjss-88	334	6	bank	bank	PROPN
esutjss-88	334	7	of	of	ADP
esutjss-88	334	8	nigeria	nigeria	PROPN
esutjss-88	334	9	publication	publication	NOUN
esutjss-88	334	10	.	.	PUNCT
esutjss-88	335	1	chete	chete	PROPN
esutjss-88	335	2	,	,	PUNCT
esutjss-88	335	3	l.	l.	PROPN
esutjss-88	335	4	n	n	PROPN
esutjss-88	335	5	(	(	PUNCT
esutjss-88	335	6	1999	1999	NUM
esutjss-88	335	7	)	)	PUNCT
esutjss-88	335	8	macroeconomic	macroeconomic	ADJ
esutjss-88	335	9	determinants	determinant	NOUN
esutjss-88	335	10	of	of	ADP
esutjss-88	335	11	private	private	ADJ
esutjss-88	335	12	saving	saving	NOUN
esutjss-88	335	13	in	in	ADP
esutjss-88	335	14	nigeria	nigeria	PROPN
esutjss-88	335	15	.	.	PUNCT
esutjss-88	336	1	nber	nber	PROPN
esutjss-88	336	2	monograph	monograph	PROPN
esutjss-88	336	3	series	series	PROPN
esutjss-88	336	4	no	no	PROPN
esutjss-88	336	5	.	.	PROPN
esutjss-88	337	1	7	7	X
esutjss-88	337	2	.	.	X
esutjss-88	337	3	chong	chong	PROPN
esutjss-88	337	4	c.	c.	PROPN
esutjss-88	337	5	k	k	PROPN
esutjss-88	337	6	,	,	PUNCT
esutjss-88	337	7	yusop	yusop	PROPN
esutjss-88	337	8	z	z	PROPN
esutjss-88	337	9	,	,	PUNCT
esutjss-88	337	10	&	&	CCONJ
esutjss-88	337	11	soo	soo	PROPN
esutjss-88	337	12	sc	sc	PROPN
esutjss-88	337	13	.	.	PUNCT
esutjss-88	337	14	(	(	PUNCT
esutjss-88	337	15	2004	2004	NUM
esutjss-88	337	16	)	)	PUNCT
esutjss-88	337	17	.	.	PUNCT
esutjss-88	338	1	foreign	foreign	ADJ
esutjss-88	338	2	direct	direct	ADJ
esutjss-88	338	3	investment	investment	NOUN
esutjss-88	338	4	,	,	PUNCT
esutjss-88	338	5	economic	economic	ADJ
esutjss-88	338	6	growth	growth	NOUN
esutjss-88	338	7	,	,	PUNCT
esutjss-88	338	8	and	and	CCONJ
esutjss-88	338	9	financial	financial	ADJ
esutjss-88	338	10	sector	sector	NOUN
esutjss-88	338	11	development	development	NOUN
esutjss-88	338	12	a	a	DET
esutjss-88	338	13	comparative	comparative	ADJ
esutjss-88	338	14	analysis	analysis	NOUN
esutjss-88	338	15	.	.	PUNCT
esutjss-88	339	1	asean	asean	PROPN
esutjss-88	339	2	wcon	wcon	PROPN
esutjss-88	339	3	bull	bull	PROPN
esutjss-88	339	4	21(3	21(3	NUM
esutjss-88	339	5	):	):	PUNCT
esutjss-88	339	6	278289	278289	NUM
esutjss-88	339	7	.	.	PUNCT
esutjss-88	340	1	collins	collins	PROPN
esutjss-88	340	2	,	,	PUNCT
esutjss-88	340	3	s.	s.	PROPN
esutjss-88	340	4	m	m	PROPN
esutjss-88	340	5	(	(	PUNCT
esutjss-88	340	6	1991	1991	NUM
esutjss-88	340	7	)	)	PUNCT
esutjss-88	340	8	.	.	PUNCT
esutjss-88	341	1	saving	save	VERB
esutjss-88	341	2	behavior	behavior	NOUN
esutjss-88	341	3	in	in	ADP
esutjss-88	341	4	ten	ten	NUM
esutjss-88	341	5	developing	develop	VERB
esutjss-88	341	6	countries	country	NOUN
esutjss-88	341	7	,	,	PUNCT
esutjss-88	341	8	in	in	ADP
esutjss-88	341	9	b.	b.	PROPN
esutjss-88	341	10	douglas	douglas	PROPN
esutjss-88	341	11	beriheam	beriheam	PROPN
esutjss-88	341	12	j.b	j.b	PROPN
esutjss-88	341	13	.	.	PROPN
esutjss-88	341	14	shown	show	VERB
esutjss-88	341	15	,	,	PUNCT
esutjss-88	341	16	(	(	PUNCT
esutjss-88	341	17	edc	edc	PROPN
esutjss-88	341	18	)	)	PUNCT
esutjss-88	341	19	.	.	PUNCT
esutjss-88	342	1	national	national	ADJ
esutjss-88	342	2	saving	saving	NOUN
esutjss-88	342	3	and	and	CCONJ
esutjss-88	342	4	economic	economic	ADJ
esutjss-88	342	5	performance	performance	NOUN
esutjss-88	342	6	chicago	chicago	PROPN
esutjss-88	342	7	.	.	PUNCT
esutjss-88	343	1	nber	nber	PROPN
esutjss-88	343	2	pp	pp	PROPN
esutjss-88	343	3	.	.	PUNCT
esutjss-88	344	1	349	349	NUM
esutjss-88	344	2	-	-	SYM
esutjss-88	344	3	373	373	NUM
esutjss-88	344	4	.	.	PUNCT
esutjss-88	345	1	collins	collins	PROPN
esutjss-88	345	2	,	,	PUNCT
esutjss-88	345	3	s.m	s.m	PROPN
esutjss-88	345	4	.	.	PROPN
esutjss-88	345	5	(	(	PUNCT
esutjss-88	345	6	1991	1991	NUM
esutjss-88	345	7	)	)	PUNCT
esutjss-88	345	8	.	.	PUNCT
esutjss-88	346	1	saving	save	VERB
esutjss-88	346	2	behavior	behavior	NOUN
esutjss-88	346	3	in	in	ADP
esutjss-88	346	4	ten	ten	NUM
esutjss-88	346	5	developing	develop	VERB
esutjss-88	346	6	countries	country	NOUN
esutjss-88	346	7	.	.	PUNCT
esutjss-88	347	1	in	in	ADP
esutjss-88	347	2	b.	b.	PROPN
esutjss-88	347	3	douglas	douglas	PROPN
esutjss-88	347	4	bernheim	bernheim	PROPN
esutjss-88	347	5	and	and	CCONJ
esutjss-88	347	6	j.b	j.b	PROPN
esutjss-88	347	7	.	.	PUNCT
esutjss-88	347	8	shoven	shoven	PROPN
esutjss-88	347	9	,	,	PUNCT
esutjss-88	347	10	eds	ed	NOUN
esutjss-88	347	11	,	,	PUNCT
esutjss-88	347	12	national	national	ADJ
esutjss-88	347	13	saving	saving	NOUN
esutjss-88	347	14	and	and	CCONJ
esutjss-88	347	15	economic	economic	ADJ
esutjss-88	347	16	performance	performance	NOUN
esutjss-88	347	17	.	.	PUNCT
esutjss-88	348	1	chicago	chicago	PROPN
esutjss-88	348	2	:	:	PUNCT
esutjss-88	349	1	nber	nber	PROPN
esutjss-88	349	2	.	.	PUNCT
esutjss-88	350	1	pp	pp	ADJ
esutjss-88	350	2	.	.	PUNCT
esutjss-88	351	1	349	349	NUM
esutjss-88	351	2	-	-	SYM
esutjss-88	351	3	373	373	NUM
esutjss-88	351	4	.	.	PUNCT
esutjss-88	352	1	cote	cote	PROPN
esutjss-88	352	2	d’ivorie	d’ivorie	PROPN
esutjss-88	352	3	analytical	analytical	ADJ
esutjss-88	352	4	report	report	NOUN
esutjss-88	352	5	2017	2017	NUM
esutjss-88	352	6	,	,	PUNCT
esutjss-88	352	7	financial	financial	ADJ
esutjss-88	352	8	inclusion	inclusion	NOUN
esutjss-88	352	9	insights	insight	NOUN
esutjss-88	352	10	,	,	PUNCT
esutjss-88	352	11	august	august	PROPN
esutjss-88	352	12	-	-	PUNCT
esutjss-88	352	13	tebber	tebber	NOUN
esutjss-88	352	14	2017	2017	NUM
esutjss-88	352	15	.	.	PUNCT
esutjss-88	353	1	dahunsi	dahunsi	PROPN
esutjss-88	353	2	,	,	PUNCT
esutjss-88	353	3	o.	o.	PROPN
esutjss-88	353	4	(	(	PUNCT
esutjss-88	353	5	2020	2020	NUM
esutjss-88	353	6	)	)	PUNCT
esutjss-88	353	7	.	.	PUNCT
esutjss-88	354	1	effect	effect	NOUN
esutjss-88	354	2	of	of	ADP
esutjss-88	354	3	interest	interest	NOUN
esutjss-88	354	4	rate	rate	NOUN
esutjss-88	354	5	liberalization	liberalization	NOUN
esutjss-88	354	6	on	on	ADP
esutjss-88	354	7	domestic	domestic	ADJ
esutjss-88	354	8	savings	saving	NOUN
esutjss-88	354	9	in	in	ADP
esutjss-88	354	10	nigeria	nigeria	PROPN
esutjss-88	354	11	.	.	PUNCT
esutjss-88	355	1	journal	journal	PROPN
esutjss-88	355	2	of	of	ADP
esutjss-88	355	3	advanced	advanced	ADJ
esutjss-88	355	4	research	research	NOUN
esutjss-88	355	5	in	in	ADP
esutjss-88	355	6	economics	economic	NOUN
esutjss-88	355	7	and	and	CCONJ
esutjss-88	355	8	administrative	administrative	ADJ
esutjss-88	355	9	sciences	science	NOUN
esutjss-88	355	10	,	,	PUNCT
esutjss-88	355	11	1	1	NUM
esutjss-88	355	12	(	(	PUNCT
esutjss-88	355	13	2	2	NUM
esutjss-88	355	14	):	):	PUNCT
esutjss-88	355	15	123133	123133	NUM
esutjss-88	355	16	,	,	PUNCT
esutjss-88	355	17	http://doi.org/10.47631/jares.v/12.59	http://doi.org/10.47631/jares.v/12.59	PROPN
esutjss-88	355	18	.	.	PUNCT
esutjss-88	356	1	edwards	edwards	PROPN
esutjss-88	356	2	,	,	PUNCT
esutjss-88	356	3	s	s	PROPN
esutjss-88	356	4	,	,	PUNCT
esutjss-88	356	5	(	(	PUNCT
esutjss-88	356	6	1989	1989	NUM
esutjss-88	356	7	)	)	PUNCT
esutjss-88	356	8	.	.	PUNCT
esutjss-88	357	1	on	on	ADP
esutjss-88	357	2	the	the	DET
esutjss-88	357	3	sequencing	sequencing	NOUN
esutjss-88	357	4	of	of	ADP
esutjss-88	357	5	structural	structural	ADJ
esutjss-88	357	6	reforms	reform	NOUN
esutjss-88	357	7	,	,	PUNCT
esutjss-88	357	8	oecd	oecd	PROPN
esutjss-88	357	9	working	working	NOUN
esutjss-88	357	10	paper	paper	NOUN
esutjss-88	357	11	,	,	PUNCT
esutjss-88	357	12	no70	no70	PROPN
esutjss-88	357	13	,	,	PUNCT
esutjss-88	357	14	september	september	PROPN
esutjss-88	357	15	.	.	PUNCT
esutjss-88	357	16	elbadawi	elbadawi	PROPN
esutjss-88	357	17	,	,	PUNCT
esutjss-88	357	18	i.	i.	PROPN
esutjss-88	357	19	a	a	PROPN
esutjss-88	357	20	&	&	CCONJ
esutjss-88	357	21	mwega	mwega	PROPN
esutjss-88	357	22	.	.	PUNCT
esutjss-88	358	1	f.	f.	PROPN
esutjss-88	358	2	m	m	PROPN
esutjss-88	359	1	(	(	PUNCT
esutjss-88	359	2	2000	2000	NUM
esutjss-88	359	3	)	)	PUNCT
esutjss-88	359	4	.	.	PUNCT
esutjss-88	360	1	can	can	AUX
esutjss-88	360	2	africa	africa	PROPN
esutjss-88	360	3	’s	’s	PART
esutjss-88	360	4	saving	save	VERB
esutjss-88	360	5	collapse	collapse	NOUN
esutjss-88	360	6	be	be	AUX
esutjss-88	360	7	reserved	reserve	VERB
esutjss-88	360	8	?	?	PUNCT
esutjss-88	361	1	the	the	DET
esutjss-88	361	2	world	world	PROPN
esutjss-88	361	3	bank	bank	PROPN
esutjss-88	361	4	economic	economic	PROPN
esutjss-88	361	5	review	review	NOUN
esutjss-88	361	6	14	14	NUM
esutjss-88	361	7	(	(	PUNCT
esutjss-88	361	8	3	3	NUM
esutjss-88	361	9	):	):	PUNCT
esutjss-88	361	10	415	415	NUM
esutjss-88	361	11	-	-	SYM
esutjss-88	361	12	444	444	NUM
esutjss-88	361	13	.	.	PUNCT
esutjss-88	362	1	el	el	NOUN
esutjss-88	362	2	-	-	PUNCT
esutjss-88	362	3	seoud	seoud	NOUN
esutjss-88	362	4	,	,	PUNCT
esutjss-88	362	5	m.	m.	NOUN
esutjss-88	362	6	(	(	PUNCT
esutjss-88	362	7	2014).the	2014).the	DET
esutjss-88	362	8	effect	effect	NOUN
esutjss-88	362	9	of	of	ADP
esutjss-88	362	10	interest	interest	NOUN
esutjss-88	362	11	rate	rate	NOUN
esutjss-88	362	12	inflation	inflation	NOUN
esutjss-88	362	13	rate	rate	NOUN
esutjss-88	362	14	and	and	CCONJ
esutjss-88	362	15	gdp	gdp	NOUN
esutjss-88	362	16	on	on	ADP
esutjss-88	362	17	national	national	ADJ
esutjss-88	362	18	saving	saving	NOUN
esutjss-88	362	19	rate	rate	NOUN
esutjss-88	362	20	.	.	PUNCT
esutjss-88	363	1	global	global	ADJ
esutjss-88	363	2	journal	journal	PROPN
esutjss-88	363	3	of	of	ADP
esutjss-88	363	4	commerce	commerce	PROPN
esutjss-88	363	5	and	and	CCONJ
esutjss-88	363	6	management	management	NOUN
esutjss-88	363	7	perspective	perspective	NOUN
esutjss-88	363	8	.	.	PUNCT
esutjss-88	364	1	3	3	NUM
esutjss-88	364	2	(	(	PUNCT
esutjss-88	364	3	3	3	NUM
esutjss-88	364	4	):	):	PUNCT
esutjss-88	364	5	1	1	NUM
esutjss-88	364	6	-	-	SYM
esutjss-88	364	7	7	7	NUM
esutjss-88	364	8	.	.	PUNCT
esutjss-88	364	9	emenuga	emenuga	PROPN
esutjss-88	364	10	,	,	PUNCT
esutjss-88	364	11	c.	c.	PROPN
esutjss-88	364	12	(	(	PUNCT
esutjss-88	364	13	2005	2005	NUM
esutjss-88	364	14	)	)	PUNCT
esutjss-88	364	15	.	.	PUNCT
esutjss-88	365	1	the	the	DET
esutjss-88	365	2	outcome	outcome	NOUN
esutjss-88	365	3	of	of	ADP
esutjss-88	365	4	financial	financial	ADJ
esutjss-88	365	5	sector	sector	NOUN
esutjss-88	365	6	reforms	reform	NOUN
esutjss-88	365	7	in	in	ADP
esutjss-88	365	8	west	west	PROPN
esutjss-88	365	9	africa	africa	PROPN
esutjss-88	365	10	international	international	PROPN
esutjss-88	365	11	development	development	PROPN
esutjss-88	365	12	centre	centre	NOUN
esutjss-88	365	13	:	:	PUNCT
esutjss-88	365	14	science	science	NOUN
esutjss-88	365	15	for	for	ADP
esutjss-88	365	16	humanity	humanity	NOUN
esutjss-88	365	17	,	,	PUNCT
esutjss-88	365	18	canadan	canadan	PROPN
esutjss-88	365	19	.	.	PROPN
esutjss-88	366	1	fantessi	fantessi	PROPN
esutjss-88	366	2	,	,	PUNCT
esutjss-88	366	3	a.a	a.a	PROPN
esutjss-88	366	4	.	.	PROPN
esutjss-88	366	5	,	,	PUNCT
esutjss-88	366	6	&	&	CCONJ
esutjss-88	366	7	kiprop	kiprop	PROPN
esutjss-88	366	8	,	,	PUNCT
esutjss-88	366	9	s.k	s.k	PROPN
esutjss-88	366	10	.	.	PROPN
esutjss-88	366	11	(	(	PUNCT
esutjss-88	366	12	2015	2015	NUM
esutjss-88	366	13	)	)	PUNCT
esutjss-88	366	14	.	.	PUNCT
esutjss-88	367	1	financial	financial	ADJ
esutjss-88	367	2	development	development	NOUN
esutjss-88	367	3	and	and	CCONJ
esutjss-88	367	4	economic	economic	ADJ
esutjss-88	367	5	growth	growth	NOUN
esutjss-88	367	6	in	in	ADP
esutjss-88	367	7	west	west	ADJ
esutjss-88	367	8	african	african	ADJ
esutjss-88	367	9	economic	economic	ADJ
esutjss-88	367	10	and	and	CCONJ
esutjss-88	367	11	monetary	monetary	ADJ
esutjss-88	367	12	union	union	NOUN
esutjss-88	367	13	(	(	PUNCT
esutjss-88	367	14	waemu	waemu	PROPN
esutjss-88	367	15	)	)	PUNCT
esutjss-88	367	16	.	.	PUNCT
esutjss-88	368	1	african	african	ADJ
esutjss-88	368	2	journal	journal	PROPN
esutjss-88	368	3	of	of	ADP
esutjss-88	368	4	business	business	NOUN
esutjss-88	368	5	management	management	PROPN
esutjss-88	368	6	9(17	9(17	NUM
esutjss-88	368	7	):	):	PUNCT
esutjss-88	368	8	624	624	NUM
esutjss-88	368	9	-	-	SYM
esutjss-88	368	10	632	632	NUM
esutjss-88	368	11	.	.	PUNCT
esutjss-88	368	12	retrieved	retrieve	VERB
esutjss-88	368	13	from	from	ADP
esutjss-88	368	14	http://www.academicjournals.org/ajbm	http://www.academicjournals.org/ajbm	PROPN
esutjss-88	368	15	.	.	PUNCT
esutjss-88	369	1	fowowe	fowowe	PROPN
esutjss-88	369	2	,	,	PUNCT
esutjss-88	369	3	b.	b.	PROPN
esutjss-88	369	4	(	(	PUNCT
esutjss-88	369	5	2009	2009	NUM
esutjss-88	369	6	)	)	PUNCT
esutjss-88	369	7	.	.	PUNCT
esutjss-88	370	1	does	do	AUX
esutjss-88	370	2	financial	financial	ADJ
esutjss-88	370	3	liberalization	liberalization	NOUN
esutjss-88	370	4	really	really	ADV
esutjss-88	370	5	improve	improve	VERB
esutjss-88	370	6	saving	save	VERB
esutjss-88	370	7	?	?	PUNCT
esutjss-88	371	1	additional	additional	ADJ
esutjss-88	371	2	evidence	evidence	NOUN
esutjss-88	371	3	from	from	ADP
esutjss-88	371	4	sub	sub	ADJ
esutjss-88	371	5	-	-	ADJ
esutjss-88	371	6	saharan	saharan	ADJ
esutjss-88	371	7	africa	africa	PROPN
esutjss-88	371	8	.	.	PUNCT
esutjss-88	372	1	in	in	ADP
esutjss-88	372	2	:	:	PUNCT
esutjss-88	372	3	applied	apply	VERB
esutjss-88	372	4	econometric	econometric	ADJ
esutjss-88	372	5	&	&	CCONJ
esutjss-88	372	6	macroeconometric	macroeconometric	ADJ
esutjss-88	372	7	modelling	modelling	NOUN
esutjss-88	372	8	in	in	ADP
esutjss-88	372	9	nigeria	nigeria	PROPN
esutjss-88	372	10	(	(	PUNCT
esutjss-88	372	11	eds	ed	NOUN
esutjss-88	372	12	)	)	PUNCT
esutjss-88	372	13	.	.	PUNCT
esutjss-88	372	14	a.	a.	PROPN
esutjss-88	372	15	adekinju	adekinju	PROPN
esutjss-88	372	16	;	;	PUNCT
esutjss-88	372	17	busari	busari	PROPN
esutjss-88	372	18	,	,	PUNCT
esutjss-88	372	19	d.	d.	PROPN
esutjss-88	372	20	and	and	CCONJ
esutjss-88	372	21	olofin	olofin	PROPN
esutjss-88	372	22	,	,	PUNCT
esutjss-88	372	23	s.	s.	PROPN
esutjss-88	372	24	,	,	PUNCT
esutjss-88	372	25	ibadan	ibadan	PROPN
esutjss-88	372	26	university	university	PROPN
esutjss-88	372	27	press	press	NOUN
esutjss-88	372	28	,	,	PUNCT
esutjss-88	372	29	university	university	NOUN
esutjss-88	372	30	of	of	ADP
esutjss-88	372	31	ibadan	ibadan	PROPN
esutjss-88	372	32	.	.	PUNCT
esutjss-88	373	1	http://www.cbn.gov.ng./monetarypolicy	http://www.cbn.gov.ng./monetarypolicy	ADJ
esutjss-88	373	2	/	/	SYM
esutjss-88	373	3	policy.asp	policy.asp	NOUN
esutjss-88	373	4	http://doi.org/10.47631/jares.v/12.59	http://doi.org/10.47631/jares.v/12.59	NOUN
esutjss-88	373	5	http://www.academicjournals.org/ajbm	http://www.academicjournals.org/ajbm	PROPN
esutjss-88	373	6	domestic	domestic	ADJ
esutjss-88	373	7	savings	saving	NOUN
esutjss-88	373	8	gravin	gravin	NOUN
esutjss-88	373	9	m.	m.	PROPN
esutjss-88	373	10	,	,	PUNCT
esutjss-88	373	11	hausman	hausman	PROPN
esutjss-88	373	12	,	,	PUNCT
esutjss-88	373	13	r.	r.	PROPN
esutjss-88	373	14	&	&	CCONJ
esutjss-88	373	15	talvic	talvic	PROPN
esutjss-88	373	16	;	;	PUNCT
esutjss-88	373	17	e.	e.	PROPN
esutjss-88	373	18	(	(	PUNCT
esutjss-88	373	19	1997	1997	NUM
esutjss-88	373	20	)	)	PUNCT
esutjss-88	373	21	.	.	PUNCT
esutjss-88	374	1	saving	save	VERB
esutjss-88	374	2	behavior	behavior	NOUN
esutjss-88	374	3	in	in	ADP
esutjss-88	374	4	latin	latin	PROPN
esutjss-88	374	5	america	america	PROPN
esutjss-88	374	6	.	.	PUNCT
esutjss-88	375	1	overview	overview	NOUN
esutjss-88	375	2	and	and	CCONJ
esutjss-88	375	3	policy	policy	NOUN
esutjss-88	375	4	issues	issue	NOUN
esutjss-88	375	5	.	.	PUNCT
esutjss-88	376	1	inter	inter	ADJ
esutjss-88	376	2	-	-	ADJ
esutjss-88	376	3	american	american	PROPN
esutjss-88	376	4	development	development	PROPN
esutjss-88	376	5	bank	bank	PROPN
esutjss-88	376	6	working	working	PROPN
esutjss-88	376	7	paper	paper	NOUN
esutjss-88	376	8	.	.	PUNCT
esutjss-88	377	1	no	no	INTJ
esutjss-88	377	2	.	.	NOUN
esutjss-88	378	1	346	346	NUM
esutjss-88	378	2	may	may	AUX
esutjss-88	378	3	,	,	PUNCT
esutjss-88	378	4	wessington	wessington	PROPN
esutjss-88	378	5	,	,	PUNCT
esutjss-88	378	6	d.c	d.c	PROPN
esutjss-88	378	7	.	.	PROPN
esutjss-88	378	8	hadri	hadri	PROPN
esutjss-88	378	9	,	,	PUNCT
esutjss-88	378	10	k.	k.	PROPN
esutjss-88	378	11	(	(	PUNCT
esutjss-88	378	12	2009	2009	NUM
esutjss-88	378	13	)	)	PUNCT
esutjss-88	378	14	.	.	PUNCT
esutjss-88	379	1	testing	test	VERB
esutjss-88	379	2	for	for	ADP
esutjss-88	379	3	stationarity	stationarity	NOUN
esutjss-88	379	4	in	in	ADP
esutjss-88	379	5	heterogeneous	heterogeneous	ADJ
esutjss-88	379	6	panel	panel	NOUN
esutjss-88	379	7	data	datum	NOUN
esutjss-88	379	8	.	.	PUNCT
esutjss-88	380	1	econometric	econometric	PROPN
esutjss-88	380	2	journal	journal	PROPN
esutjss-88	380	3	,	,	PUNCT
esutjss-88	380	4	3	3	NUM
esutjss-88	380	5	(	(	PUNCT
esutjss-88	380	6	2	2	NUM
esutjss-88	380	7	):	):	PUNCT
esutjss-88	380	8	14861	14861	NUM
esutjss-88	380	9	.	.	PUNCT
esutjss-88	381	1	hamitton	hamitton	PROPN
esutjss-88	381	2	,	,	PUNCT
esutjss-88	381	3	j.d	j.d	PROPN
esutjss-88	381	4	.	.	PROPN
esutjss-88	381	5	(	(	PUNCT
esutjss-88	381	6	1994	1994	NUM
esutjss-88	381	7	)	)	PUNCT
esutjss-88	381	8	.	.	PUNCT
esutjss-88	382	1	time	time	PROPN
esutjss-88	382	2	series	series	PROPN
esutjss-88	382	3	analysis	analysis	PROPN
esutjss-88	382	4	.	.	PUNCT
esutjss-88	383	1	princeton	princeton	PROPN
esutjss-88	383	2	:	:	PUNCT
esutjss-88	383	3	princeton	princeton	PROPN
esutjss-88	383	4	university	university	PROPN
esutjss-88	383	5	press	press	NOUN
esutjss-88	383	6	.	.	PUNCT
esutjss-88	384	1	hermes	herme	NOUN
esutjss-88	384	2	,	,	PUNCT
esutjss-88	384	3	n.	n.	PROPN
esutjss-88	384	4	&	&	CCONJ
esutjss-88	384	5	lensink	lensink	PROPN
esutjss-88	384	6	,	,	PUNCT
esutjss-88	384	7	r.	r.	PROPN
esutjss-88	384	8	(	(	PUNCT
esutjss-88	384	9	2005	2005	NUM
esutjss-88	384	10	)	)	PUNCT
esutjss-88	384	11	.	.	PUNCT
esutjss-88	385	1	does	do	VERB
esutjss-88	385	2	financial	financial	ADJ
esutjss-88	385	3	liberalization	liberalization	NOUN
esutjss-88	385	4	influence	influence	NOUN
esutjss-88	385	5	saving	saving	NOUN
esutjss-88	385	6	,	,	PUNCT
esutjss-88	385	7	investment	investment	NOUN
esutjss-88	385	8	and	and	CCONJ
esutjss-88	385	9	economic	economic	ADJ
esutjss-88	385	10	growth	growth	NOUN
esutjss-88	385	11	?	?	PUNCT
esutjss-88	386	1	evidence	evidence	NOUN
esutjss-88	386	2	from	from	ADP
esutjss-88	386	3	25	25	NUM
esutjss-88	386	4	emerging	emerge	VERB
esutjss-88	386	5	market	market	NOUN
esutjss-88	386	6	economies	economy	NOUN
esutjss-88	386	7	,	,	PUNCT
esutjss-88	386	8	1973	1973	NUM
esutjss-88	386	9	-	-	SYM
esutjss-88	386	10	96	96	NUM
esutjss-88	386	11	,	,	PUNCT
esutjss-88	386	12	united	united	PROPN
esutjss-88	386	13	nations	nations	PROPN
esutjss-88	386	14	university	university	PROPN
esutjss-88	386	15	research	research	NOUN
esutjss-88	386	16	paper	paper	NOUN
esutjss-88	386	17	no	no	NOUN
esutjss-88	386	18	.	.	PUNCT
esutjss-88	386	19	2005/69	2005/69	NUM
esutjss-88	386	20	.	.	PUNCT
esutjss-88	387	1	ikeora	ikeora	PROPN
esutjss-88	387	2	,	,	PUNCT
esutjss-88	387	3	j.j.e	j.j.e	PROPN
esutjss-88	387	4	.	.	PROPN
esutjss-88	387	5	,	,	PUNCT
esutjss-88	387	6	igbodika	igbodika	PROPN
esutjss-88	387	7	,	,	PUNCT
esutjss-88	387	8	m.n	m.n	PROPN
esutjss-88	387	9	.	.	PROPN
esutjss-88	387	10	&	&	CCONJ
esutjss-88	387	11	chukwunulu	chukwunulu	PROPN
esutjss-88	387	12	,	,	PUNCT
esutjss-88	387	13	j.i	j.i	PROPN
esutjss-88	387	14	.	.	PROPN
esutjss-88	387	15	(	(	PUNCT
esutjss-88	387	16	2016	2016	NUM
esutjss-88	387	17	)	)	PUNCT
esutjss-88	387	18	.	.	PUNCT
esutjss-88	388	1	financial	financial	ADJ
esutjss-88	388	2	liberalization	liberalization	NOUN
esutjss-88	388	3	and	and	CCONJ
esutjss-88	388	4	economic	economic	ADJ
esutjss-88	388	5	growth	growth	NOUN
esutjss-88	388	6	in	in	ADP
esutjss-88	388	7	nigeria	nigeria	PROPN
esutjss-88	388	8	.	.	PUNCT
esutjss-88	389	1	iosr	iosr	PROPN
esutjss-88	389	2	journal	journal	PROPN
esutjss-88	389	3	of	of	ADP
esutjss-88	389	4	humanities	humanity	NOUN
esutjss-88	389	5	and	and	CCONJ
esutjss-88	389	6	social	social	ADJ
esutjss-88	389	7	sciences	science	NOUN
esutjss-88	389	8	(	(	PUNCT
esutjss-88	389	9	iosrjhss	iosrjhss	PROPN
esutjss-88	389	10	)	)	PUNCT
esutjss-88	389	11	21(5	21(5	NUM
esutjss-88	389	12	):	):	PUNCT
esutjss-88	389	13	123	123	NUM
esutjss-88	389	14	-	-	SYM
esutjss-88	389	15	132	132	NUM
esutjss-88	389	16	www.iosrjournal.org	www.iosrjournal.org	PROPN
esutjss-88	389	17	i	i	PROPN
esutjss-88	389	18	m	m	PROPN
esutjss-88	389	19	,	,	PUNCT
esutjss-88	389	20	k.	k.	PROPN
esutjss-88	389	21	,	,	PUNCT
esutjss-88	389	22	pesaran	pesaran	VERB
esutjss-88	389	23	,	,	PUNCT
esutjss-88	389	24	m.	m.	NOUN
esutjss-88	389	25	&	&	CCONJ
esutjss-88	389	26	shin	shin	PROPN
esutjss-88	389	27	,	,	PUNCT
esutjss-88	389	28	r.	r.	PROPN
esutjss-88	389	29	(	(	PUNCT
esutjss-88	389	30	2003	2003	NUM
esutjss-88	389	31	)	)	PUNCT
esutjss-88	389	32	.	.	PUNCT
esutjss-88	390	1	testing	test	VERB
esutjss-88	390	2	for	for	ADP
esutjss-88	390	3	unit	unit	NOUN
esutjss-88	390	4	roots	root	NOUN
esutjss-88	390	5	in	in	ADP
esutjss-88	390	6	heterogeneous	heterogeneous	ADJ
esutjss-88	390	7	panels	panel	NOUN
esutjss-88	390	8	.	.	PUNCT
esutjss-88	391	1	journal	journal	PROPN
esutjss-88	391	2	of	of	ADP
esutjss-88	391	3	econometrics	econometric	NOUN
esutjss-88	391	4	.	.	PUNCT
esutjss-88	392	1	115	115	NUM
esutjss-88	392	2	(	(	PUNCT
esutjss-88	392	3	1	1	NUM
esutjss-88	392	4	):	):	PUNCT
esutjss-88	392	5	5374	5374	NUM
esutjss-88	392	6	.	.	PUNCT
esutjss-88	393	1	imf	imf	PROPN
esutjss-88	393	2	(	(	PUNCT
esutjss-88	393	3	2015	2015	NUM
esutjss-88	393	4	)	)	PUNCT
esutjss-88	393	5	.	.	PUNCT
esutjss-88	394	1	financial	financial	ADJ
esutjss-88	394	2	development	development	NOUN
esutjss-88	394	3	in	in	ADP
esutjss-88	394	4	sub	sub	ADJ
esutjss-88	394	5	-	-	ADJ
esutjss-88	394	6	saharan	saharan	ADJ
esutjss-88	394	7	africa	africa	PROPN
esutjss-88	394	8	:	:	PUNCT
esutjss-88	394	9	promoting	promote	VERB
esutjss-88	394	10	inclusive	inclusive	ADJ
esutjss-88	394	11	and	and	CCONJ
esutjss-88	394	12	sustainable	sustainable	ADJ
esutjss-88	394	13	growth	growth	NOUN
esutjss-88	394	14	.	.	PUNCT
esutjss-88	395	1	international	international	ADJ
esutjss-88	395	2	monetary	monetary	ADJ
esutjss-88	395	3	fund	fund	PROPN
esutjss-88	395	4	.	.	PUNCT
esutjss-88	396	1	african	african	PROPN
esutjss-88	396	2	department	department	PROPN
esutjss-88	396	3	.	.	PUNCT
esutjss-88	397	1	jagadeesh	jagadeesh	PROPN
esutjss-88	397	2	,	,	PUNCT
esutjss-88	397	3	d.	d.	PROPN
esutjss-88	397	4	(	(	PUNCT
esutjss-88	397	5	2015	2015	NUM
esutjss-88	397	6	)	)	PUNCT
esutjss-88	397	7	.	.	PUNCT
esutjss-88	398	1	the	the	DET
esutjss-88	398	2	impact	impact	NOUN
esutjss-88	398	3	of	of	ADP
esutjss-88	398	4	savings	saving	NOUN
esutjss-88	398	5	in	in	ADP
esutjss-88	398	6	economic	economic	ADJ
esutjss-88	398	7	growth	growth	NOUN
esutjss-88	398	8	:	:	PUNCT
esutjss-88	398	9	an	an	DET
esutjss-88	398	10	empirical	empirical	ADJ
esutjss-88	398	11	study	study	NOUN
esutjss-88	398	12	based	base	VERB
esutjss-88	398	13	on	on	ADP
esutjss-88	398	14	botswana	botswana	PROPN
esutjss-88	398	15	.	.	PUNCT
esutjss-88	399	1	international	international	ADJ
esutjss-88	399	2	journal	journal	PROPN
esutjss-88	399	3	of	of	ADP
esutjss-88	399	4	research	research	NOUN
esutjss-88	399	5	in	in	ADP
esutjss-88	399	6	business	business	NOUN
esutjss-88	399	7	studies	study	NOUN
esutjss-88	399	8	and	and	CCONJ
esutjss-88	399	9	management	management	NOUN
esutjss-88	399	10	,	,	PUNCT
esutjss-88	399	11	2	2	NUM
esutjss-88	399	12	(	(	PUNCT
esutjss-88	399	13	9	9	NUM
esutjss-88	399	14	):	):	PUNCT
esutjss-88	399	15	10	10	NUM
esutjss-88	399	16	-	-	SYM
esutjss-88	399	17	21	21	NUM
esutjss-88	399	18	kelly	kelly	PROPN
esutjss-88	399	19	,	,	PUNCT
esutjss-88	399	20	r.	r.	PROPN
esutjss-88	399	21	&	&	CCONJ
esutjss-88	399	22	mavrolas	mavrolas	PROPN
esutjss-88	399	23	,	,	PUNCT
esutjss-88	399	24	g.	g.	PROPN
esutjss-88	399	25	(	(	PUNCT
esutjss-88	399	26	2003	2003	NUM
esutjss-88	399	27	)	)	PUNCT
esutjss-88	399	28	.	.	PUNCT
esutjss-88	400	1	savings	saving	NOUN
esutjss-88	400	2	and	and	CCONJ
esutjss-88	400	3	financial	financial	ADJ
esutjss-88	400	4	sector	sector	NOUN
esutjss-88	400	5	development	development	NOUN
esutjss-88	400	6	panel	panel	NOUN
esutjss-88	400	7	conintergration	conintergration	NOUN
esutjss-88	400	8	evidence	evidence	NOUN
esutjss-88	400	9	from	from	ADP
esutjss-88	400	10	african	african	PROPN
esutjss-88	400	11	.	.	PUNCT
esutjss-88	401	1	wider	wide	ADJ
esutjss-88	401	2	dissension	dissension	NOUN
esutjss-88	401	3	paper	paper	NOUN
esutjss-88	401	4	,	,	PUNCT
esutjss-88	401	5	helsinkic	helsinkic	PROPN
esutjss-88	401	6	khan	khan	PROPN
esutjss-88	401	7	,	,	PUNCT
esutjss-88	401	8	m.i	m.i	PROPN
esutjss-88	401	9	.	.	PROPN
esutjss-88	401	10	,	,	PUNCT
esutjss-88	401	11	teng	teng	PROPN
esutjss-88	401	12	,	,	PUNCT
esutjss-88	401	13	j	j	PROPN
esutjss-88	401	14	-	-	PUNCT
esutjss-88	401	15	z.	z.	PROPN
esutjss-88	401	16	,	,	PUNCT
esutjss-88	401	17	khan	khan	PROPN
esutjss-88	401	18	,	,	PUNCT
esutjss-88	401	19	m.k	m.k	PROPN
esutjss-88	401	20	.	.	PROPN
esutjss-88	401	21	,	,	PUNCT
esutjss-88	401	22	jadon	jadon	PROPN
esutjss-88	401	23	,	,	PUNCT
esutjss-88	401	24	a.u	a.u	PROPN
esutjss-88	401	25	.	.	PROPN
esutjss-88	401	26	&	&	CCONJ
esutjss-88	401	27	rehan	rehan	PROPN
esutjss-88	401	28	,	,	PUNCT
esutjss-88	401	29	m.	m.	NOUN
esutjss-88	401	30	(	(	PUNCT
esutjss-88	401	31	2017	2017	NUM
esutjss-88	401	32	)	)	PUNCT
esutjss-88	401	33	.	.	PUNCT
esutjss-88	402	1	factor	factor	NOUN
esutjss-88	402	2	affecting	affect	VERB
esutjss-88	402	3	the	the	DET
esutjss-88	402	4	rate	rate	NOUN
esutjss-88	402	5	of	of	ADP
esutjss-88	402	6	gross	gross	ADJ
esutjss-88	402	7	domestic	domestic	ADJ
esutjss-88	402	8	savings	saving	NOUN
esutjss-88	402	9	in	in	ADP
esutjss-88	402	10	different	different	ADJ
esutjss-88	402	11	countries	country	NOUN
esutjss-88	402	12	.	.	PUNCT
esutjss-88	403	1	european	european	ADJ
esutjss-88	403	2	academic	academic	ADJ
esutjss-88	403	3	research	research	PROPN
esutjss-88	403	4	5(8	5(8	NUM
esutjss-88	403	5	):	):	PUNCT
esutjss-88	403	6	4261	4261	NUM
esutjss-88	403	7	-	-	SYM
esutjss-88	403	8	4291	4291	NUM
esutjss-88	403	9	.	.	PUNCT
esutjss-88	404	1	kibet	kibet	PROPN
esutjss-88	404	2	,	,	PUNCT
esutjss-88	404	3	mutai	mutai	PROPN
esutjss-88	404	4	,	,	PUNCT
esutjss-88	404	5	quma&owuor	quma&owuor	PROPN
esutjss-88	404	6	(	(	PUNCT
esutjss-88	404	7	2009	2009	NUM
esutjss-88	404	8	)	)	PUNCT
esutjss-88	404	9	.	.	PUNCT
esutjss-88	404	10	examined	examine	VERB
esutjss-88	404	11	the	the	DET
esutjss-88	404	12	determinant	determinant	NOUN
esutjss-88	404	13	of	of	ADP
esutjss-88	404	14	household	household	NOUN
esutjss-88	404	15	saving	save	VERB
esutjss-88	404	16	in	in	ADP
esutjss-88	404	17	rural	rural	ADJ
esutjss-88	404	18	areas	area	NOUN
esutjss-88	404	19	of	of	ADP
esutjss-88	404	20	kenya	kenya	PROPN
esutjss-88	404	21	journal	journal	PROPN
esutjss-88	404	22	of	of	ADP
esutjss-88	404	23	development	development	NOUN
esutjss-88	404	24	and	and	CCONJ
esutjss-88	404	25	agriculture	agriculture	NOUN
esutjss-88	404	26	economics	economic	NOUN
esutjss-88	404	27	1(7	1(7	NUM
esutjss-88	404	28	):	):	PUNCT
esutjss-88	404	29	137	137	NUM
esutjss-88	404	30	-	-	SYM
esutjss-88	404	31	143	143	NUM
esutjss-88	404	32	.	.	PUNCT
esutjss-88	405	1	available	available	ADJ
esutjss-88	405	2	at	at	ADP
esutjss-88	405	3	https://waw.academicpuiral.org?jdae	https://waw.academicpuiral.org?jdae	NOUN
esutjss-88	405	4	.	.	PUNCT
esutjss-88	406	1	kunt	kunt	PROPN
esutjss-88	406	2	,	,	PUNCT
esutjss-88	406	3	a.d	a.d	PROPN
esutjss-88	406	4	.	.	PROPN
esutjss-88	406	5	&	&	CCONJ
esutjss-88	406	6	demigrunt	demigrunt	PROPN
esutjss-88	406	7	,	,	PUNCT
esutjss-88	406	8	e.	e.	PROPN
esutjss-88	406	9	(	(	PUNCT
esutjss-88	406	10	1998	1998	NUM
esutjss-88	406	11	)	)	PUNCT
esutjss-88	406	12	.	.	PUNCT
esutjss-88	407	1	financial	financial	ADJ
esutjss-88	407	2	liberalization	liberalization	NOUN
esutjss-88	407	3	and	and	CCONJ
esutjss-88	407	4	financial	financial	ADJ
esutjss-88	407	5	fragility	fragility	NOUN
esutjss-88	407	6	.	.	PUNCT
esutjss-88	408	1	imf	imf	PROPN
esutjss-88	408	2	working	working	PROPN
esutjss-88	408	3	paper	paper	NOUN
esutjss-88	408	4	wp/98/93	wp/98/93	PROPN
esutjss-88	408	5	.	.	PUNCT
esutjss-88	409	1	loots	loot	NOUN
esutjss-88	409	2	,	,	PUNCT
esutjss-88	409	3	e.	e.	PROPN
esutjss-88	409	4	(	(	PUNCT
esutjss-88	409	5	2003	2003	NUM
esutjss-88	409	6	)	)	PUNCT
esutjss-88	409	7	.	.	PUNCT
esutjss-88	410	1	globalization	globalization	NOUN
esutjss-88	410	2	and	and	CCONJ
esutjss-88	410	3	economic	economic	ADJ
esutjss-88	410	4	growth	growth	NOUN
esutjss-88	410	5	in	in	ADP
esutjss-88	410	6	south	south	PROPN
esutjss-88	410	7	africa	africa	PROPN
esutjss-88	410	8	:	:	PUNCT
esutjss-88	410	9	do	do	AUX
esutjss-88	410	10	we	we	PRON
esutjss-88	410	11	benefit	benefit	VERB
esutjss-88	410	12	from	from	ADP
esutjss-88	410	13	trade	trade	NOUN
esutjss-88	410	14	and	and	CCONJ
esutjss-88	410	15	financial	financial	ADJ
esutjss-88	410	16	liberalization	liberalization	NOUN
esutjss-88	410	17	?	?	PUNCT
esutjss-88	411	1	south	south	ADJ
esutjss-88	411	2	african	african	ADJ
esutjss-88	411	3	journal	journal	PROPN
esutjss-88	411	4	of	of	ADP
esutjss-88	411	5	economics	economic	NOUN
esutjss-88	411	6	and	and	CCONJ
esutjss-88	411	7	management	management	NOUN
esutjss-88	411	8	sciences	science	NOUN
esutjss-88	411	9	,	,	PUNCT
esutjss-88	411	10	6(2	6(2	NUM
esutjss-88	411	11	):	):	PUNCT
esutjss-88	411	12	218	218	NUM
esutjss-88	411	13	-	-	SYM
esutjss-88	411	14	224	224	NUM
esutjss-88	411	15	.	.	PUNCT
esutjss-88	412	1	lutkepohl	lutkepohl	PROPN
esutjss-88	412	2	,	,	PUNCT
esutjss-88	412	3	h.	h.	PROPN
esutjss-88	412	4	(	(	PUNCT
esutjss-88	412	5	2005	2005	NUM
esutjss-88	412	6	)	)	PUNCT
esutjss-88	412	7	.	.	PUNCT
esutjss-88	413	1	new	new	ADJ
esutjss-88	413	2	introduction	introduction	NOUN
esutjss-88	413	3	to	to	ADP
esutjss-88	413	4	multiple	multiple	ADJ
esutjss-88	413	5	time	time	NOUN
esutjss-88	413	6	series	series	PROPN
esutjss-88	413	7	analysis	analysis	NOUN
esutjss-88	413	8	.	.	PUNCT
esutjss-88	414	1	new	new	PROPN
esutjss-88	414	2	york	york	PROPN
esutjss-88	414	3	:	:	PUNCT
esutjss-88	414	4	springer	springer	NOUN
esutjss-88	414	5	.	.	PUNCT
esutjss-88	415	1	http://doi.org/10.1007/978-3-540-27752-1	http://doi.org/10.1007/978-3-540-27752-1	PROPN
esutjss-88	415	2	.	.	PUNCT
esutjss-88	415	3	masson	masson	PROPN
esutjss-88	415	4	,	,	PUNCT
esutjss-88	415	5	p.	p.	NOUN
esutjss-88	415	6	r	r	NOUN
esutjss-88	415	7	,	,	PUNCT
esutjss-88	415	8	boyommir	boyommir	PROPN
esutjss-88	415	9	,	,	PUNCT
esutjss-88	415	10	t	t	PROPN
esutjss-88	415	11	&	&	CCONJ
esutjss-88	415	12	samile	samile	ADJ
esutjss-88	415	13	,	,	PUNCT
esutjss-88	415	14	h	h	NOUN
esutjss-88	415	15	(	(	PUNCT
esutjss-88	415	16	1998	1998	NUM
esutjss-88	415	17	)	)	PUNCT
esutjss-88	415	18	.	.	PUNCT
esutjss-88	416	1	saving	save	VERB
esutjss-88	416	2	behavior	behavior	NOUN
esutjss-88	416	3	in	in	ADP
esutjss-88	416	4	industrial	industrial	ADJ
esutjss-88	416	5	and	and	CCONJ
esutjss-88	416	6	developing	develop	VERB
esutjss-88	416	7	countries	country	NOUN
esutjss-88	416	8	.	.	PUNCT
esutjss-88	417	1	staff	staff	NOUN
esutjss-88	417	2	studies	study	NOUN
esutjss-88	417	3	for	for	ADP
esutjss-88	417	4	the	the	DET
esutjss-88	417	5	world	world	NOUN
esutjss-88	417	6	economic	economic	ADJ
esutjss-88	417	7	outlook	outlook	NOUN
esutjss-88	417	8	.	.	PUNCT
esutjss-88	418	1	international	international	ADJ
esutjss-88	418	2	monetary	monetary	ADJ
esutjss-88	418	3	fund	fund	PROPN
esutjss-88	418	4	.	.	PUNCT
esutjss-88	419	1	washington	washington	PROPN
esutjss-88	419	2	,	,	PUNCT
esutjss-88	419	3	d.	d.	PROPN
esutjss-88	419	4	c.	c.	PROPN
esutjss-88	419	5	matsheka	matsheka	PROPN
esutjss-88	419	6	,	,	PUNCT
esutjss-88	419	7	t.c	t.c	PROPN
esutjss-88	419	8	.	.	PROPN
esutjss-88	419	9	(	(	PUNCT
esutjss-88	419	10	1998	1998	NUM
esutjss-88	419	11	)	)	PUNCT
esutjss-88	419	12	.	.	PUNCT
esutjss-88	420	1	interest	interest	NOUN
esutjss-88	420	2	rates	rate	NOUN
esutjss-88	420	3	,	,	PUNCT
esutjss-88	420	4	and	and	CCONJ
esutjss-88	420	5	the	the	DET
esutjss-88	420	6	saving	saving	NOUN
esutjss-88	420	7	-	-	PUNCT
esutjss-88	420	8	investment	investment	NOUN
esutjss-88	420	9	process	process	NOUN
esutjss-88	420	10	in	in	ADP
esutjss-88	420	11	botswana.african	botswana.african	PROPN
esutjss-88	420	12	review	review	NOUN
esutjss-88	420	13	of	of	ADP
esutjss-88	420	14	money	money	NOUN
esutjss-88	420	15	,	,	PUNCT
esutjss-88	420	16	finance	finance	NOUN
esutjss-88	420	17	and	and	CCONJ
esutjss-88	420	18	banking	banking	NOUN
esutjss-88	420	19	,	,	PUNCT
esutjss-88	420	20	1	1	NUM
esutjss-88	420	21	-	-	SYM
esutjss-88	420	22	2	2	NUM
esutjss-88	420	23	:	:	SYM
esutjss-88	420	24	5	5	NUM
esutjss-88	420	25	-	-	SYM
esutjss-88	420	26	23	23	NUM
esutjss-88	420	27	.	.	PUNCT
esutjss-88	421	1	mckinnon	mckinnon	PROPN
esutjss-88	421	2	,	,	PUNCT
esutjss-88	421	3	r.	r.	PROPN
esutjss-88	421	4	(	(	PUNCT
esutjss-88	421	5	1973	1973	NUM
esutjss-88	421	6	)	)	PUNCT
esutjss-88	421	7	.	.	PUNCT
esutjss-88	422	1	money	money	NOUN
esutjss-88	422	2	and	and	CCONJ
esutjss-88	422	3	capital	capital	NOUN
esutjss-88	422	4	in	in	ADP
esutjss-88	422	5	economic	economic	ADJ
esutjss-88	422	6	development	development	NOUN
esutjss-88	422	7	.	.	PUNCT
esutjss-88	423	1	the	the	DET
esutjss-88	423	2	brooking	brooking	PROPN
esutjss-88	423	3	institution	institution	NOUN
esutjss-88	423	4	.	.	PUNCT
esutjss-88	424	1	misztal	misztal	PROPN
esutjss-88	424	2	,	,	PUNCT
esutjss-88	424	3	p.	p.	NOUN
esutjss-88	424	4	(	(	PUNCT
esutjss-88	424	5	2011	2011	NUM
esutjss-88	424	6	)	)	PUNCT
esutjss-88	424	7	.	.	PUNCT
esutjss-88	425	1	the	the	DET
esutjss-88	425	2	relationship	relationship	NOUN
esutjss-88	425	3	between	between	ADP
esutjss-88	425	4	savings	saving	NOUN
esutjss-88	425	5	and	and	CCONJ
esutjss-88	425	6	economic	economic	ADJ
esutjss-88	425	7	growth	growth	NOUN
esutjss-88	425	8	in	in	ADP
esutjss-88	425	9	countries	country	NOUN
esutjss-88	425	10	with	with	ADP
esutjss-88	425	11	different	different	ADJ
esutjss-88	425	12	levels	level	NOUN
esutjss-88	425	13	of	of	ADP
esutjss-88	425	14	economic	economic	ADJ
esutjss-88	425	15	development	development	NOUN
esutjss-88	425	16	.	.	PUNCT
esutjss-88	426	1	efinance	efinance	NOUN
esutjss-88	426	2	:	:	PUNCT
esutjss-88	426	3	financial	financial	ADJ
esutjss-88	426	4	interest	interest	NOUN
esutjss-88	426	5	quarterly	quarterly	ADV
esutjss-88	426	6	,	,	PUNCT
esutjss-88	426	7	7	7	NUM
esutjss-88	426	8	(	(	PUNCT
esutjss-88	426	9	2	2	NUM
esutjss-88	426	10	):	):	PUNCT
esutjss-88	426	11	17	17	NUM
esutjss-88	426	12	-	-	SYM
esutjss-88	426	13	29	29	NUM
esutjss-88	426	14	.	.	PUNCT
esutjss-88	427	1	modigliani	modigliani	PROPN
esutjss-88	427	2	,	,	PUNCT
esutjss-88	427	3	f.	f.	PROPN
esutjss-88	427	4	&	&	CCONJ
esutjss-88	427	5	brumberg	brumberg	PROPN
esutjss-88	427	6	,	,	PUNCT
esutjss-88	427	7	r.	r.	PROPN
esutjss-88	427	8	(	(	PUNCT
esutjss-88	427	9	1954	1954	NUM
esutjss-88	427	10	)	)	PUNCT
esutjss-88	427	11	.	.	PUNCT
esutjss-88	428	1	utility	utility	NOUN
esutjss-88	428	2	analysis	analysis	NOUN
esutjss-88	428	3	and	and	CCONJ
esutjss-88	428	4	the	the	DET
esutjss-88	428	5	consumption	consumption	NOUN
esutjss-88	428	6	function	function	NOUN
esutjss-88	428	7	:	:	PUNCT
esutjss-88	428	8	an	an	DET
esutjss-88	428	9	interpretation	interpretation	NOUN
esutjss-88	428	10	of	of	ADP
esutjss-88	428	11	cross	cross	ADJ
esutjss-88	428	12	-	-	ADJ
esutjss-88	428	13	section	section	ADJ
esutjss-88	428	14	data	datum	NOUN
esutjss-88	428	15	,	,	PUNCT
esutjss-88	428	16	in	in	ADP
esutjss-88	428	17	post	post	ADJ
esutjss-88	428	18	-	-	ADJ
esutjss-88	428	19	keynesian	keynesian	ADJ
esutjss-88	428	20	economics	economics	PROPN
esutjss-88	428	21	k.k	k.k	PROPN
esutjss-88	428	22	.	.	PROPN
esutjss-88	428	23	kurihara	kurihara	PROPN
esutjss-88	428	24	(	(	PUNCT
esutjss-88	428	25	ed	ed	NOUN
esutjss-88	428	26	.	.	PUNCT
esutjss-88	428	27	)	)	PUNCT
esutjss-88	428	28	,	,	PUNCT
esutjss-88	428	29	new	new	ADJ
esutjss-88	428	30	brunswik	brunswik	PROPN
esutjss-88	428	31	,	,	PUNCT
esutjss-88	428	32	nj	nj	PROPN
esutjss-88	428	33	:	:	PUNCT
esutjss-88	428	34	rufgers	rufger	NOUN
esutjss-88	428	35	,	,	PUNCT
esutjss-88	428	36	university	university	NOUN
esutjss-88	428	37	press	press	NOUN
esutjss-88	428	38	,	,	PUNCT
esutjss-88	428	39	pp	pp	ADJ
esutjss-88	428	40	.	.	PUNCT
esutjss-88	429	1	388	388	NUM
esutjss-88	429	2	-	-	SYM
esutjss-88	429	3	436	436	NUM
esutjss-88	429	4	.	.	PUNCT
esutjss-88	429	5	http://www.iosrjournal.org/	http://www.iosrjournal.org/	PROPN
esutjss-88	429	6	https://waw.academicpuiral.org/?jdae	https://waw.academicpuiral.org/?jdae	NOUN
esutjss-88	430	1	http://doi.org/10.1007/978-3-540-27752-1	http://doi.org/10.1007/978-3-540-27752-1	PROPN
esutjss-88	430	2	281	281	NUM
esutjss-88	430	3	montiel	montiel	PROPN
esutjss-88	430	4	,	,	PUNCT
esutjss-88	430	5	p.j	p.j	PROPN
esutjss-88	430	6	.	.	PROPN
esutjss-88	430	7	(	(	PUNCT
esutjss-88	430	8	1995	1995	NUM
esutjss-88	430	9	)	)	PUNCT
esutjss-88	430	10	.	.	PUNCT
esutjss-88	431	1	financial	financial	ADJ
esutjss-88	431	2	policies	policy	NOUN
esutjss-88	431	3	and	and	CCONJ
esutjss-88	431	4	economic	economic	ADJ
esutjss-88	431	5	growth	growth	NOUN
esutjss-88	431	6	:	:	PUNCT
esutjss-88	431	7	theory	theory	NOUN
esutjss-88	431	8	,	,	PUNCT
esutjss-88	431	9	evidence	evidence	NOUN
esutjss-88	431	10	and	and	CCONJ
esutjss-88	431	11	country	country	NOUN
esutjss-88	431	12	-	-	PUNCT
esutjss-88	431	13	specific	specific	ADJ
esutjss-88	431	14	experience	experience	NOUN
esutjss-88	431	15	from	from	ADP
esutjss-88	431	16	sub	sub	ADJ
esutjss-88	431	17	-	-	ADJ
esutjss-88	431	18	saharan	saharan	ADJ
esutjss-88	431	19	african	african	PROPN
esutjss-88	431	20	.	.	PUNCT
esutjss-88	432	1	aerc	aerc	PROPN
esutjss-88	432	2	special	special	ADJ
esutjss-88	432	3	paper	paper	NOUN
esutjss-88	432	4	no	no	NOUN
esutjss-88	432	5	.	.	PROPN
esutjss-88	432	6	18	18	NUM
esutjss-88	432	7	,	,	PUNCT
esutjss-88	432	8	nairobi	nairobi	PROPN
esutjss-88	432	9	.	.	PUNCT
esutjss-88	433	1	mwega	mwega	PROPN
esutjss-88	433	2	,	,	PUNCT
esutjss-88	433	3	f.m	f.m	PROPN
esutjss-88	433	4	.	.	PROPN
esutjss-88	433	5	(	(	PUNCT
esutjss-88	433	6	1997	1997	NUM
esutjss-88	433	7	)	)	PUNCT
esutjss-88	433	8	.	.	PUNCT
esutjss-88	434	1	saving	save	VERB
esutjss-88	434	2	in	in	ADP
esutjss-88	434	3	sub	sub	ADJ
esutjss-88	434	4	-	-	ADJ
esutjss-88	434	5	saharan	saharan	ADJ
esutjss-88	434	6	african	african	ADJ
esutjss-88	434	7	:	:	PUNCT
esutjss-88	434	8	a	a	DET
esutjss-88	434	9	comparative	comparative	ADJ
esutjss-88	434	10	analysis	analysis	NOUN
esutjss-88	434	11	,	,	PUNCT
esutjss-88	434	12	journal	journal	NOUN
esutjss-88	434	13	of	of	ADP
esutjss-88	434	14	african	african	ADJ
esutjss-88	434	15	economies	economy	NOUN
esutjss-88	434	16	,	,	PUNCT
esutjss-88	434	17	(	(	PUNCT
esutjss-88	434	18	3	3	NUM
esutjss-88	434	19	):	):	PUNCT
esutjss-88	434	20	199	199	NUM
esutjss-88	434	21	-	-	SYM
esutjss-88	434	22	228	228	NUM
esutjss-88	434	23	.	.	PUNCT
esutjss-88	435	1	nyaran	nyaran	VERB
esutjss-88	435	2	,	,	PUNCT
esutjss-88	435	3	p.k	p.k	PROPN
esutjss-88	435	4	.	.	PROPN
esutjss-88	435	5	&	&	CCONJ
esutjss-88	435	6	siyabi	siyabi	PROPN
esutjss-88	435	7	,	,	PUNCT
esutjss-88	435	8	a.l	a.l	PROPN
esutjss-88	435	9	.	.	PROPN
esutjss-88	436	1	(	(	PUNCT
esutjss-88	436	2	2005	2005	NUM
esutjss-88	436	3	)	)	PUNCT
esutjss-88	436	4	.	.	PUNCT
esutjss-88	437	1	an	an	DET
esutjss-88	437	2	empirical	empirical	ADJ
esutjss-88	437	3	investigation	investigation	NOUN
esutjss-88	437	4	of	of	ADP
esutjss-88	437	5	the	the	DET
esutjss-88	437	6	determinants	determinant	NOUN
esutjss-88	437	7	of	of	ADP
esutjss-88	437	8	oman	oman	NOUN
esutjss-88	437	9	’s	’s	PART
esutjss-88	437	10	national	national	PROPN
esutjss-88	437	11	savings.economics	savings.economics	PROPN
esutjss-88	437	12	bulletin	bulletin	NOUN
esutjss-88	437	13	.	.	PUNCT
esutjss-88	438	1	3(51	3(51	NUM
esutjss-88	438	2	):	):	PUNCT
esutjss-88	438	3	1	1	NUM
esutjss-88	438	4	-	-	SYM
esutjss-88	438	5	7	7	NUM
esutjss-88	438	6	.	.	PUNCT
esutjss-88	438	7	oageng	oageng	PROPN
esutjss-88	438	8	,	,	PUNCT
esutjss-88	438	9	m.	m.	NOUN
esutjss-88	438	10	,	,	PUNCT
esutjss-88	438	11	&	&	CCONJ
esutjss-88	438	12	boitumelo	boitumelo	PROPN
esutjss-88	438	13	,	,	PUNCT
esutjss-88	438	14	m.(2017	m.(2017	NOUN
esutjss-88	438	15	)	)	PUNCT
esutjss-88	438	16	effects	effect	NOUN
esutjss-88	438	17	of	of	ADP
esutjss-88	438	18	external	external	ADJ
esutjss-88	438	19	debt	debt	NOUN
esutjss-88	438	20	on	on	ADP
esutjss-88	438	21	saving	save	VERB
esutjss-88	438	22	in	in	ADP
esutjss-88	438	23	botswana	botswana	PROPN
esutjss-88	438	24	.	.	PUNCT
esutjss-88	439	1	african	african	ADJ
esutjss-88	439	2	journal	journal	PROPN
esutjss-88	439	3	of	of	ADP
esutjss-88	439	4	economic	economic	ADJ
esutjss-88	439	5	review	review	NOUN
esutjss-88	439	6	,	,	PUNCT
esutjss-88	439	7	5(1	5(1	NUM
esutjss-88	439	8	):	):	PUNCT
esutjss-88	439	9	6983	6983	NUM
esutjss-88	439	10	obamuyi	obamuyi	NOUN
esutjss-88	439	11	,	,	PUNCT
esutjss-88	439	12	t.m	t.m	PROPN
esutjss-88	439	13	.	.	PROPN
esutjss-88	439	14	(	(	PUNCT
esutjss-88	439	15	2009	2009	NUM
esutjss-88	439	16	)	)	PUNCT
esutjss-88	439	17	.	.	PUNCT
esutjss-88	440	1	government	government	NOUN
esutjss-88	440	2	financial	financial	ADJ
esutjss-88	440	3	liberalization	liberalization	NOUN
esutjss-88	440	4	policy	policy	NOUN
esutjss-88	440	5	and	and	CCONJ
esutjss-88	440	6	development	development	NOUN
esutjss-88	440	7	of	of	ADP
esutjss-88	440	8	private	private	ADJ
esutjss-88	440	9	sector	sector	NOUN
esutjss-88	440	10	in	in	ADP
esutjss-88	440	11	nigeria	nigeria	PROPN
esutjss-88	440	12	:	:	PUNCT
esutjss-88	440	13	issues	issue	NOUN
esutjss-88	440	14	and	and	CCONJ
esutjss-88	440	15	challenges	challenge	NOUN
esutjss-88	440	16	,	,	PUNCT
esutjss-88	440	17	www.growinginclusivemarket.org	www.growinginclusivemarket.org	PROPN
esutjss-88	440	18	.	.	PROPN
esutjss-88	440	19	odhiambo	odhiambo	PROPN
esutjss-88	440	20	,	,	PUNCT
esutjss-88	440	21	m.m	m.m	PROPN
esutjss-88	440	22	.	.	PROPN
esutjss-88	440	23	(	(	PUNCT
esutjss-88	440	24	2010	2010	NUM
esutjss-88	440	25	)	)	PUNCT
esutjss-88	440	26	.	.	PUNCT
esutjss-88	441	1	finance	finance	NOUN
esutjss-88	441	2	-	-	PUNCT
esutjss-88	441	3	investment	investment	NOUN
esutjss-88	441	4	growth	growth	NOUN
esutjss-88	441	5	nexus	nexus	NOUN
esutjss-88	441	6	in	in	ADP
esutjss-88	441	7	south	south	PROPN
esutjss-88	441	8	africa	africa	PROPN
esutjss-88	441	9	:	:	PUNCT
esutjss-88	441	10	an	an	DET
esutjss-88	441	11	ardlbounds	ardlbound	NOUN
esutjss-88	441	12	testing	testing	NOUN
esutjss-88	441	13	procedure	procedure	NOUN
esutjss-88	441	14	.	.	PUNCT
esutjss-88	442	1	econ	econ	PROPN
esutjss-88	442	2	.	.	PUNCT
esutjss-88	443	1	chang	chang	PROPN
esutjss-88	443	2	.	.	PUNCT
esutjss-88	444	1	restrict	restrict	VERB
esutjss-88	444	2	,	,	PUNCT
esutjss-88	444	3	43(3	43(3	NUM
esutjss-88	444	4	):	):	PUNCT
esutjss-88	444	5	205	205	NUM
esutjss-88	444	6	-	-	SYM
esutjss-88	444	7	219	219	NUM
esutjss-88	444	8	.	.	PUNCT
esutjss-88	445	1	ogwunike	ogwunike	PROPN
esutjss-88	445	2	,	,	PUNCT
esutjss-88	445	3	f.o	f.o	PROPN
esutjss-88	445	4	.	.	PROPN
esutjss-88	445	5	&	&	CCONJ
esutjss-88	445	6	ofoegbu	ofoegbu	PROPN
esutjss-88	445	7	,	,	PUNCT
esutjss-88	445	8	d.i	d.i	PROPN
esutjss-88	445	9	.	.	PROPN
esutjss-88	445	10	(	(	PUNCT
esutjss-88	445	11	2012	2012	NUM
esutjss-88	445	12	)	)	PUNCT
esutjss-88	445	13	.	.	PUNCT
esutjss-88	446	1	financial	financial	ADJ
esutjss-88	446	2	liberalization	liberalization	NOUN
esutjss-88	446	3	and	and	CCONJ
esutjss-88	446	4	domestic	domestic	ADJ
esutjss-88	446	5	savings	saving	NOUN
esutjss-88	446	6	in	in	ADP
esutjss-88	446	7	nigeria	nigeria	PROPN
esutjss-88	446	8	.	.	PUNCT
esutjss-88	447	1	the	the	DET
esutjss-88	447	2	social	social	ADJ
esutjss-88	447	3	sciences	science	NOUN
esutjss-88	447	4	,	,	PUNCT
esutjss-88	447	5	7(4	7(4	NUM
esutjss-88	447	6	):	):	PUNCT
esutjss-88	447	7	632	632	NUM
esutjss-88	447	8	-	-	SYM
esutjss-88	447	9	646	646	NUM
esutjss-88	447	10	.	.	PUNCT
esutjss-88	448	1	okpara	okpara	NOUN
esutjss-88	448	2	,	,	PUNCT
esutjss-88	448	3	g.c	g.c	PROPN
esutjss-88	448	4	.	.	PROPN
esutjss-88	448	5	(	(	PUNCT
esutjss-88	448	6	2010	2010	NUM
esutjss-88	448	7	)	)	PUNCT
esutjss-88	448	8	.	.	PUNCT
esutjss-88	449	1	relative	relative	ADJ
esutjss-88	449	2	potency	potency	NOUN
esutjss-88	449	3	of	of	ADP
esutjss-88	449	4	financial	financial	ADJ
esutjss-88	449	5	regression	regression	NOUN
esutjss-88	449	6	and	and	CCONJ
esutjss-88	449	7	liberalization	liberalization	NOUN
esutjss-88	449	8	on	on	ADP
esutjss-88	449	9	financial	financial	ADJ
esutjss-88	449	10	development	development	NOUN
esutjss-88	449	11	and	and	CCONJ
esutjss-88	449	12	economic	economic	ADJ
esutjss-88	449	13	growth	growth	NOUN
esutjss-88	449	14	:	:	PUNCT
esutjss-88	449	15	an	an	DET
esutjss-88	449	16	empirical	empirical	ADJ
esutjss-88	449	17	survey	survey	NOUN
esutjss-88	449	18	.	.	PUNCT
esutjss-88	450	1	american	american	ADJ
esutjss-88	450	2	journal	journal	PROPN
esutjss-88	450	3	of	of	ADP
esutjss-88	450	4	scientific	scientific	ADJ
esutjss-88	450	5	and	and	CCONJ
esutjss-88	450	6	industrial	industrial	ADJ
esutjss-88	450	7	research	research	NOUN
esutjss-88	450	8	,	,	PUNCT
esutjss-88	450	9	i(3	i(3	ADJ
esutjss-88	450	10	):	):	PUNCT
esutjss-88	450	11	643	643	NUM
esutjss-88	450	12	-	-	SYM
esutjss-88	450	13	650	650	NUM
esutjss-88	450	14	.	.	PUNCT
esutjss-88	451	1	oluwatoyin	oluwatoyin	PROPN
esutjss-88	451	2	,	,	PUNCT
esutjss-88	451	3	a.m.	a.m.	PROPN
esutjss-88	451	4	&	&	CCONJ
esutjss-88	451	5	olusegun	olusegun	PROPN
esutjss-88	451	6	,	,	PUNCT
esutjss-88	451	7	o.	o.	PROPN
esutjss-88	451	8	(	(	PUNCT
esutjss-88	451	9	2011	2011	NUM
esutjss-88	451	10	)	)	PUNCT
esutjss-88	451	11	.	.	PUNCT
esutjss-88	452	1	the	the	DET
esutjss-88	452	2	impact	impact	NOUN
esutjss-88	452	3	of	of	ADP
esutjss-88	452	4	liberalized	liberalize	VERB
esutjss-88	452	5	financial	financial	ADJ
esutjss-88	452	6	system	system	NOUN
esutjss-88	452	7	on	on	ADP
esutjss-88	452	8	savings	saving	NOUN
esutjss-88	452	9	,	,	PUNCT
esutjss-88	452	10	investment	investment	NOUN
esutjss-88	452	11	and	and	CCONJ
esutjss-88	452	12	growth	growth	NOUN
esutjss-88	452	13	in	in	ADP
esutjss-88	452	14	nigeria	nigeria	PROPN
esutjss-88	452	15	.	.	PUNCT
esutjss-88	453	1	knowledge	knowledge	NOUN
esutjss-88	453	2	management	management	PROPN
esutjss-88	453	3	,	,	PUNCT
esutjss-88	453	4	information	information	NOUN
esutjss-88	453	5	management	management	NOUN
esutjss-88	453	6	,	,	PUNCT
esutjss-88	453	7	learning	learn	VERB
esutjss-88	453	8	management	management	NOUN
esutjss-88	453	9	14:109	14:109	NUM
esutjss-88	453	10	-	-	SYM
esutjss-88	453	11	122	122	NUM
esutjss-88	453	12	.	.	PUNCT
esutjss-88	454	1	onwumere	onwumere	PROPN
esutjss-88	454	2	,	,	PUNCT
esutjss-88	454	3	j.u.j	j.u.j	PROPN
esutjss-88	454	4	.	.	PUNCT
esutjss-88	455	1	&	&	CCONJ
esutjss-88	455	2	ibe	ibe	PROPN
esutjss-88	455	3	,	,	PUNCT
esutjss-88	455	4	i.g	i.g	PROPN
esutjss-88	455	5	.	.	PROPN
esutjss-88	455	6	(	(	PUNCT
esutjss-88	455	7	2012	2012	NUM
esutjss-88	455	8	)	)	PUNCT
esutjss-88	455	9	.	.	PUNCT
esutjss-88	456	1	impact	impact	NOUN
esutjss-88	456	2	of	of	ADP
esutjss-88	456	3	interest	interest	NOUN
esutjss-88	456	4	rate	rate	NOUN
esutjss-88	456	5	liberalization	liberalization	NOUN
esutjss-88	456	6	on	on	ADP
esutjss-88	456	7	savings	saving	NOUN
esutjss-88	456	8	and	and	CCONJ
esutjss-88	456	9	investment	investment	NOUN
esutjss-88	456	10	evidence	evidence	NOUN
esutjss-88	456	11	from	from	ADP
esutjss-88	456	12	nigeria	nigeria	PROPN
esutjss-88	456	13	.	.	PUNCT
esutjss-88	457	1	research	research	NOUN
esutjss-88	457	2	journal	journal	PROPN
esutjss-88	457	3	of	of	ADP
esutjss-88	457	4	finance	finance	NOUN
esutjss-88	457	5	and	and	CCONJ
esutjss-88	457	6	accounting	accounting	NOUN
esutjss-88	457	7	,	,	PUNCT
esutjss-88	457	8	3(10	3(10	NUM
esutjss-88	457	9	):	):	PUNCT
esutjss-88	457	10	130	130	NUM
esutjss-88	457	11	-	-	SYM
esutjss-88	457	12	136	136	NUM
esutjss-88	457	13	.	.	PUNCT
esutjss-88	458	1	onwusu	onwusu	PROPN
esutjss-88	458	2	,	,	PUNCT
esutjss-88	458	3	e.l	e.l	PROPN
esutjss-88	458	4	.	.	PROPN
esutjss-88	458	5	&	&	CCONJ
esutjss-88	458	6	odhiambo	odhiambo	PROPN
esutjss-88	458	7	,	,	PUNCT
esutjss-88	458	8	m.n	m.n	X
esutjss-88	458	9	(	(	PUNCT
esutjss-88	458	10	2016	2016	NUM
esutjss-88	458	11	)	)	PUNCT
esutjss-88	458	12	.	.	PUNCT
esutjss-88	459	1	financial	financial	ADJ
esutjss-88	459	2	liberalization	liberalization	NOUN
esutjss-88	459	3	and	and	CCONJ
esutjss-88	459	4	economic	economic	ADJ
esutjss-88	459	5	growth	growth	NOUN
esutjss-88	459	6	in	in	ADP
esutjss-88	459	7	ivory	ivory	PROPN
esutjss-88	459	8	coast	coast	PROPN
esutjss-88	459	9	:	:	PUNCT
esutjss-88	459	10	an	an	DET
esutjss-88	459	11	empirical	empirical	ADJ
esutjss-88	459	12	investigation	investigation	NOUN
esutjss-88	459	13	.	.	PUNCT
esutjss-88	460	1	investment	investment	NOUN
esutjss-88	460	2	management	management	NOUN
esutjss-88	460	3	and	and	CCONJ
esutjss-88	460	4	financial	financial	ADJ
esutjss-88	460	5	innovation	innovation	NOUN
esutjss-88	460	6	10(4	10(4	NUM
esutjss-88	460	7	):	):	PUNCT
esutjss-88	460	8	21	21	NUM
esutjss-88	460	9	-	-	SYM
esutjss-88	460	10	32	32	NUM
esutjss-88	460	11	.	.	PUNCT
esutjss-88	461	1	oshikoya	oshikoya	PROPN
esutjss-88	461	2	,	,	PUNCT
esutjss-88	461	3	t.w	t.w	PROPN
esutjss-88	461	4	.	.	PROPN
esutjss-88	461	5	(	(	PUNCT
esutjss-88	461	6	1992	1992	NUM
esutjss-88	461	7	)	)	PUNCT
esutjss-88	461	8	.	.	PUNCT
esutjss-88	462	1	interest	interest	NOUN
esutjss-88	462	2	rate	rate	NOUN
esutjss-88	462	3	liberalization	liberalization	NOUN
esutjss-88	462	4	,	,	PUNCT
esutjss-88	462	5	saving	saving	NOUN
esutjss-88	462	6	,	,	PUNCT
esutjss-88	462	7	investment	investment	NOUN
esutjss-88	462	8	and	and	CCONJ
esutjss-88	462	9	growth	growth	NOUN
esutjss-88	462	10	:	:	PUNCT
esutjss-88	462	11	the	the	DET
esutjss-88	462	12	case	case	NOUN
esutjss-88	462	13	of	of	ADP
esutjss-88	462	14	kenya.savings	kenya.saving	NOUN
esutjss-88	462	15	and	and	CCONJ
esutjss-88	462	16	development	development	NOUN
esutjss-88	462	17	,	,	PUNCT
esutjss-88	462	18	16	16	NUM
esutjss-88	462	19	(	(	PUNCT
esutjss-88	462	20	3	3	NUM
esutjss-88	462	21	):	):	PUNCT
esutjss-88	462	22	305	305	NUM
esutjss-88	462	23	-	-	SYM
esutjss-88	462	24	320	320	NUM
esutjss-88	462	25	.	.	PUNCT
esutjss-88	463	1	owusu	owusu	PROPN
esutjss-88	463	2	,	,	PUNCT
esutjss-88	463	3	e.l	e.l	PROPN
esutjss-88	463	4	.	.	PROPN
esutjss-88	463	5	&	&	CCONJ
esutjss-88	463	6	odhiambo	odhiambo	PROPN
esutjss-88	463	7	,	,	PUNCT
esutjss-88	463	8	n.m	n.m	PROPN
esutjss-88	463	9	.	.	PROPN
esutjss-88	463	10	(	(	PUNCT
esutjss-88	463	11	2018	2018	NUM
esutjss-88	463	12	)	)	PUNCT
esutjss-88	463	13	.	.	PUNCT
esutjss-88	464	1	interest	interest	NOUN
esutjss-88	464	2	rate	rate	NOUN
esutjss-88	464	3	liberalization	liberalization	NOUN
esutjss-88	464	4	in	in	ADP
esutjss-88	464	5	west	west	ADJ
esutjss-88	464	6	african	african	ADJ
esutjss-88	464	7	countries	country	NOUN
esutjss-88	464	8	:	:	PUNCT
esutjss-88	464	9	challenges	challenge	NOUN
esutjss-88	464	10	and	and	CCONJ
esutjss-88	464	11	implication	implication	NOUN
esutjss-88	464	12	.	.	PUNCT
esutjss-88	465	1	ekonomski	ekonomski	NOUN
esutjss-88	465	2	/	/	SYM
esutjss-88	465	3	pregled	pregle	VERB
esutjss-88	465	4	,	,	PUNCT
esutjss-88	465	5	67(6	67(6	NUM
esutjss-88	465	6	):	):	PUNCT
esutjss-88	465	7	557	557	NUM
esutjss-88	465	8	-	-	SYM
esutjss-88	465	9	580	580	NUM
esutjss-88	465	10	.	.	PUNCT
esutjss-88	466	1	ozcan	ozcan	PROPN
esutjss-88	466	2	,	,	PUNCT
esutjss-88	466	3	k.	k.	PROPN
esutjss-88	466	4	m	m	PROPN
esutjss-88	466	5	(	(	PUNCT
esutjss-88	466	6	2000	2000	NUM
esutjss-88	466	7	)	)	PUNCT
esutjss-88	466	8	.	.	PUNCT
esutjss-88	467	1	determinants	determinant	NOUN
esutjss-88	467	2	of	of	ADP
esutjss-88	467	3	private	private	ADJ
esutjss-88	467	4	savings	saving	NOUN
esutjss-88	467	5	in	in	ADP
esutjss-88	467	6	the	the	DET
esutjss-88	467	7	arab	arab	ADJ
esutjss-88	467	8	countries	country	NOUN
esutjss-88	467	9	,	,	PUNCT
esutjss-88	467	10	iran	iran	PROPN
esutjss-88	467	11	and	and	CCONJ
esutjss-88	467	12	turkey	turkey	NOUN
esutjss-88	467	13	,	,	PUNCT
esutjss-88	467	14	university	university	NOUN
esutjss-88	467	15	of	of	ADP
esutjss-88	467	16	bilkert	bilkert	PROPN
esutjss-88	467	17	.	.	PUNCT
esutjss-88	468	1	february	february	PROPN
esutjss-88	468	2	.	.	PUNCT
esutjss-88	469	1	pesaran	pesaran	PROPN
esutjss-88	469	2	,	,	PUNCT
esutjss-88	469	3	m.h	m.h	PROPN
esutjss-88	469	4	.	.	PROPN
esutjss-88	469	5	(	(	PUNCT
esutjss-88	469	6	2004	2004	NUM
esutjss-88	469	7	)	)	PUNCT
esutjss-88	469	8	.	.	PUNCT
esutjss-88	470	1	general	general	ADJ
esutjss-88	470	2	diagnostic	diagnostic	ADJ
esutjss-88	470	3	tests	test	NOUN
esutjss-88	470	4	for	for	ADP
esutjss-88	470	5	cross	cross	ADJ
esutjss-88	470	6	-	-	ADJ
esutjss-88	470	7	section	section	ADJ
esutjss-88	470	8	dependence	dependence	NOUN
esutjss-88	470	9	in	in	ADP
esutjss-88	470	10	panels	panel	NOUN
esutjss-88	470	11	.	.	PUNCT
esutjss-88	471	1	cambridge	cambridge	PROPN
esutjss-88	471	2	working	working	PROPN
esutjss-88	471	3	papers	paper	NOUN
esutjss-88	471	4	in	in	ADP
esutjss-88	471	5	economics	economic	NOUN
esutjss-88	471	6	no	no	DET
esutjss-88	471	7	435	435	NUM
esutjss-88	471	8	and	and	CCONJ
esutjss-88	471	9	ce	ce	PROPN
esutjss-88	471	10	-	-	ADJ
esutjss-88	471	11	sifo	sifo	ADV
esutjss-88	471	12	working	working	ADJ
esutjss-88	471	13	paper	paper	NOUN
esutjss-88	471	14	series	series	NOUN
esutjss-88	471	15	no	no	DET
esutjss-88	471	16	1229	1229	NUM
esutjss-88	471	17	.	.	PUNCT
esutjss-88	472	1	university	university	NOUN
esutjss-88	472	2	of	of	ADP
esutjss-88	472	3	cambridge	cambridge	PROPN
esutjss-88	472	4	,	,	PUNCT
esutjss-88	472	5	cambridge	cambridge	PROPN
esutjss-88	472	6	united	united	PROPN
esutjss-88	472	7	kingdom	kingdom	PROPN
esutjss-88	472	8	.	.	PUNCT
esutjss-88	473	1	pesaran	pesaran	PROPN
esutjss-88	473	2	,	,	PUNCT
esutjss-88	473	3	m.h	m.h	PROPN
esutjss-88	473	4	.	.	PROPN
esutjss-88	474	1	(	(	PUNCT
esutjss-88	474	2	2007	2007	NUM
esutjss-88	474	3	)	)	PUNCT
esutjss-88	474	4	.	.	PUNCT
esutjss-88	475	1	a	a	DET
esutjss-88	475	2	simple	simple	ADJ
esutjss-88	475	3	panel	panel	NOUN
esutjss-88	475	4	unit	unit	NOUN
esutjss-88	475	5	roof	roof	NOUN
esutjss-88	475	6	test	test	NOUN
esutjss-88	475	7	in	in	ADP
esutjss-88	475	8	the	the	DET
esutjss-88	475	9	presence	presence	NOUN
esutjss-88	475	10	of	of	ADP
esutjss-88	475	11	cross	cross	ADJ
esutjss-88	475	12	-	-	ADJ
esutjss-88	475	13	section	section	ADJ
esutjss-88	475	14	dependence	dependence	NOUN
esutjss-88	475	15	.	.	PUNCT
esutjss-88	476	1	journal	journal	NOUN
esutjss-88	476	2	of	of	ADP
esutjss-88	476	3	applied	apply	VERB
esutjss-88	476	4	econometrics	econometric	NOUN
esutjss-88	476	5	27	27	NUM
esutjss-88	476	6	(	(	PUNCT
esutjss-88	476	7	2	2	NUM
esutjss-88	476	8	):	):	PUNCT
esutjss-88	476	9	265	265	NUM
esutjss-88	476	10	-	-	SYM
esutjss-88	476	11	312	312	NUM
esutjss-88	476	12	.	.	PUNCT
esutjss-88	476	13	roodman	roodman	PROPN
esutjss-88	476	14	,	,	PUNCT
esutjss-88	476	15	d.	d.	PROPN
esutjss-88	476	16	(	(	PUNCT
esutjss-88	476	17	2009	2009	NUM
esutjss-88	476	18	)	)	PUNCT
esutjss-88	476	19	.	.	PUNCT
esutjss-88	477	1	how	how	SCONJ
esutjss-88	477	2	to	to	PART
esutjss-88	477	3	do	do	VERB
esutjss-88	477	4	xtabondz	xtabondz	NOUN
esutjss-88	477	5	:	:	PUNCT
esutjss-88	477	6	an	an	DET
esutjss-88	477	7	introduction	introduction	NOUN
esutjss-88	477	8	to	to	ADP
esutjss-88	477	9	difference	difference	NOUN
esutjss-88	477	10	and	and	CCONJ
esutjss-88	477	11	system	system	NOUN
esutjss-88	477	12	-	-	PUNCT
esutjss-88	477	13	gmm	gmm	NOUN
esutjss-88	477	14	in	in	ADP
esutjss-88	477	15	stata	stata	PROPN
esutjss-88	477	16	.	.	PUNCT
esutjss-88	478	1	stata	stata	PROPN
esutjss-88	478	2	journal	journal	PROPN
esutjss-88	478	3	9	9	NUM
esutjss-88	478	4	(	(	PUNCT
esutjss-88	478	5	1	1	NUM
esutjss-88	478	6	):	):	PUNCT
esutjss-88	478	7	86	86	NUM
esutjss-88	478	8	-	-	SYM
esutjss-88	478	9	136	136	NUM
esutjss-88	478	10	.	.	PUNCT
esutjss-88	479	1	schimdt	schimdt	NOUN
esutjss-88	479	2	-	-	PUNCT
esutjss-88	479	3	hebbel	hebbel	PROPN
esutjss-88	479	4	,	,	PUNCT
esutjss-88	479	5	k.	k.	PROPN
esutjss-88	479	6	b	b	PROPN
esutjss-88	479	7	,	,	PUNCT
esutjss-88	479	8	webb	webb	PROPN
esutjss-88	479	9	,	,	PUNCT
esutjss-88	479	10	s.b	s.b	PROPN
esutjss-88	479	11	&	&	CCONJ
esutjss-88	479	12	corselti	corselti	PROPN
esutjss-88	479	13	g.	g.	PROPN
esutjss-88	479	14	(	(	PUNCT
esutjss-88	479	15	1992	1992	NUM
esutjss-88	479	16	)	)	PUNCT
esutjss-88	479	17	.	.	PUNCT
esutjss-88	480	1	household	household	NOUN
esutjss-88	480	2	saving	save	VERB
esutjss-88	480	3	in	in	ADP
esutjss-88	480	4	developing	develop	VERB
esutjss-88	480	5	countries	country	NOUN
esutjss-88	480	6	.	.	PUNCT
esutjss-88	481	1	first	first	ADJ
esutjss-88	481	2	cross	cross	ADJ
esutjss-88	481	3	-	-	ADJ
esutjss-88	481	4	country	country	ADJ
esutjss-88	481	5	evidence	evidence	NOUN
esutjss-88	481	6	,	,	PUNCT
esutjss-88	481	7	the	the	DET
esutjss-88	481	8	world	world	PROPN
esutjss-88	481	9	bank	bank	PROPN
esutjss-88	481	10	economic	economic	PROPN
esutjss-88	481	11	review	review	PROPN
esutjss-88	481	12	,	,	PUNCT
esutjss-88	481	13	6(3	6(3	NUM
esutjss-88	481	14	):	):	PUNCT
esutjss-88	481	15	529	529	NUM
esutjss-88	481	16	-	-	SYM
esutjss-88	481	17	547	547	NUM
esutjss-88	481	18	.	.	PUNCT
esutjss-88	482	1	http://www.growinginclusivemarket.org/	http://www.growinginclusivemarket.org/	VERB
esutjss-88	482	2	domestic	domestic	ADJ
esutjss-88	482	3	savings	saving	NOUN
esutjss-88	482	4	schmulker	schmulker	NOUN
esutjss-88	482	5	,	,	PUNCT
esutjss-88	482	6	s.l	s.l	PROPN
esutjss-88	482	7	&	&	CCONJ
esutjss-88	482	8	vesperoni	vesperoni	ADJ
esutjss-88	482	9	,	,	PUNCT
esutjss-88	482	10	e.	e.	PROPN
esutjss-88	482	11	(	(	PUNCT
esutjss-88	482	12	2006	2006	NUM
esutjss-88	482	13	)	)	PUNCT
esutjss-88	482	14	.	.	PUNCT
esutjss-88	483	1	financial	financial	ADJ
esutjss-88	483	2	globalization	globalization	NOUN
esutjss-88	483	3	and	and	CCONJ
esutjss-88	483	4	debt	debt	NOUN
esutjss-88	483	5	maturity	maturity	NOUN
esutjss-88	483	6	in	in	ADP
esutjss-88	483	7	emerging	emerge	VERB
esutjss-88	483	8	economics	economic	NOUN
esutjss-88	483	9	.	.	PUNCT
esutjss-88	484	1	journal	journal	PROPN
esutjss-88	484	2	of	of	ADP
esutjss-88	484	3	development	development	NOUN
esutjss-88	484	4	economics	economic	NOUN
esutjss-88	484	5	79	79	NUM
esutjss-88	484	6	:	:	PUNCT
esutjss-88	484	7	183	183	NUM
esutjss-88	484	8	-	-	SYM
esutjss-88	484	9	207	207	NUM
esutjss-88	484	10	.	.	PUNCT
esutjss-88	485	1	seck	seck	PROPN
esutjss-88	485	2	,	,	PUNCT
esutjss-88	485	3	d.	d.	PROPN
esutjss-88	485	4	&	&	CCONJ
esutjss-88	485	5	el	el	PROPN
esutjss-88	485	6	nil	nil	PROPN
esutjss-88	485	7	,	,	PUNCT
esutjss-88	485	8	y.h	y.h	PROPN
esutjss-88	485	9	.	.	PROPN
esutjss-88	485	10	(	(	PUNCT
esutjss-88	485	11	1993	1993	NUM
esutjss-88	485	12	)	)	PUNCT
esutjss-88	485	13	.	.	PUNCT
esutjss-88	486	1	financial	financial	ADJ
esutjss-88	486	2	liberalization	liberalization	NOUN
esutjss-88	486	3	in	in	ADP
esutjss-88	486	4	africa	africa	PROPN
esutjss-88	486	5	.	.	PUNCT
esutjss-88	487	1	world	world	PROPN
esutjss-88	487	2	development	development	PROPN
esutjss-88	487	3	(	(	PUNCT
esutjss-88	487	4	ii	ii	NOUN
esutjss-88	487	5	):	):	PUNCT
esutjss-88	487	6	1867	1867	NUM
esutjss-88	487	7	-	-	SYM
esutjss-88	487	8	1881	1881	NUM
esutjss-88	487	9	.	.	PUNCT
esutjss-88	488	1	serieux	serieux	PROPN
esutjss-88	488	2	,	,	PUNCT
esutjss-88	488	3	j.	j.	PROPN
esutjss-88	488	4	(	(	PUNCT
esutjss-88	488	5	2018	2018	NUM
esutjss-88	488	6	)	)	PUNCT
esutjss-88	488	7	.	.	PUNCT
esutjss-88	489	1	deposit	deposit	NOUN
esutjss-88	489	2	rates	rate	NOUN
esutjss-88	489	3	money	money	NOUN
esutjss-88	489	4	and	and	CCONJ
esutjss-88	489	5	price	price	NOUN
esutjss-88	489	6	stabilization	stabilization	NOUN
esutjss-88	489	7	under	under	ADP
esutjss-88	489	8	structural	structural	ADJ
esutjss-88	489	9	adjustment	adjustment	NOUN
esutjss-88	489	10	:	:	PUNCT
esutjss-88	489	11	theory	theory	NOUN
esutjss-88	489	12	and	and	CCONJ
esutjss-88	489	13	evidence	evidence	NOUN
esutjss-88	489	14	from	from	ADP
esutjss-88	489	15	ghana	ghana	PROPN
esutjss-88	489	16	and	and	CCONJ
esutjss-88	489	17	kenya	kenya	PROPN
esutjss-88	489	18	.	.	PUNCT
esutjss-88	490	1	draft	draft	NOUN
esutjss-88	490	2	:	:	PUNCT
esutjss-88	490	3	university	university	NOUN
esutjss-88	490	4	of	of	ADP
esutjss-88	490	5	toronto	toronto	PROPN
esutjss-88	490	6	press	press	PROPN
esutjss-88	490	7	.	.	PUNCT
esutjss-88	491	1	shaw	shaw	PROPN
esutjss-88	491	2	,	,	PUNCT
esutjss-88	491	3	e.s	e.s	PROPN
esutjss-88	491	4	.	.	PROPN
esutjss-88	491	5	(	(	PUNCT
esutjss-88	491	6	1973	1973	NUM
esutjss-88	491	7	)	)	PUNCT
esutjss-88	491	8	.	.	PUNCT
esutjss-88	492	1	financial	financial	ADJ
esutjss-88	492	2	deepening	deepen	VERB
esutjss-88	492	3	in	in	ADP
esutjss-88	492	4	economic	economic	ADJ
esutjss-88	492	5	activity	activity	NOUN
esutjss-88	492	6	.	.	PUNCT
esutjss-88	493	1	new	new	PROPN
esutjss-88	493	2	york	york	PROPN
esutjss-88	493	3	:	:	PUNCT
esutjss-88	493	4	oxford	oxford	PROPN
esutjss-88	493	5	university	university	PROPN
esutjss-88	493	6	press	press	NOUN
esutjss-88	493	7	.	.	PUNCT
esutjss-88	494	1	svenssion	svenssion	NOUN
esutjss-88	494	2	,	,	PUNCT
esutjss-88	494	3	e.	e.	PROPN
esutjss-88	494	4	o	o	PROPN
esutjss-88	494	5	(	(	PUNCT
esutjss-88	494	6	2011	2011	NUM
esutjss-88	494	7	)	)	PUNCT
esutjss-88	494	8	.	.	PUNCT
esutjss-88	495	1	the	the	DET
esutjss-88	495	2	relation	relation	NOUN
esutjss-88	495	3	between	between	ADP
esutjss-88	495	4	monetary	monetary	ADJ
esutjss-88	495	5	policy	policy	NOUN
esutjss-88	495	6	and	and	CCONJ
esutjss-88	495	7	financial	financial	ADJ
esutjss-88	495	8	policy	policy	NOUN
esutjss-88	495	9	.	.	PUNCT
esutjss-88	496	1	sverigesrsksbanky	sverigesrsksbanky	PROPN
esutjss-88	496	2	,	,	PUNCT
esutjss-88	496	3	streckholm	streckholm	PROPN
esutjss-88	496	4	university	university	NOUN
esutjss-88	496	5	,	,	PUNCT
esutjss-88	496	6	cepr	cepr	VERB
esutjss-88	496	7	and	and	CCONJ
esutjss-88	496	8	nber	nber	PROPN
esutjss-88	496	9	.	.	PUNCT
esutjss-88	497	1	tchamyou	tchamyou	PROPN
esutjss-88	497	2	,	,	PUNCT
esutjss-88	497	3	v.s.	v.s.	X
esutjss-88	497	4	(	(	PUNCT
esutjss-88	497	5	2020	2020	NUM
esutjss-88	497	6	)	)	PUNCT
esutjss-88	497	7	.	.	PUNCT
esutjss-88	498	1	education	education	NOUN
esutjss-88	498	2	,	,	PUNCT
esutjss-88	498	3	lifelong	lifelong	ADJ
esutjss-88	498	4	learning	learning	NOUN
esutjss-88	498	5	,	,	PUNCT
esutjss-88	498	6	inequality	inequality	NOUN
esutjss-88	498	7	and	and	CCONJ
esutjss-88	498	8	financial	financial	ADJ
esutjss-88	498	9	access	access	NOUN
esutjss-88	498	10	:	:	PUNCT
esutjss-88	498	11	evidence	evidence	NOUN
esutjss-88	498	12	from	from	ADP
esutjss-88	498	13	african	african	ADJ
esutjss-88	498	14	countries	country	NOUN
esutjss-88	498	15	contemp	contemp	NOUN
esutjss-88	498	16	.	.	PUNCT
esutjss-88	499	1	soc	soc	PROPN
esutjss-88	499	2	.	.	PUNCT
esutjss-88	500	1	sci	sci	PROPN
esutjss-88	500	2	.	.	PROPN
esutjss-88	500	3	15(1	15(1	NUM
esutjss-88	500	4	):	):	PUNCT
esutjss-88	500	5	7	7	NUM
esutjss-88	500	6	-	-	SYM
esutjss-88	500	7	25	25	NUM
esutjss-88	500	8	.	.	PUNCT
esutjss-88	501	1	tchanyon	tchanyon	NOUN
esutjss-88	501	2	,	,	PUNCT
esutjss-88	501	3	v.s.	v.s.	PROPN
esutjss-88	501	4	&	&	CCONJ
esutjss-88	501	5	asongu	asongu	PROPN
esutjss-88	501	6	,	,	PUNCT
esutjss-88	501	7	s.a	s.a	PROPN
esutjss-88	501	8	.	.	PROPN
esutjss-88	501	9	(	(	PUNCT
esutjss-88	501	10	2017	2017	NUM
esutjss-88	501	11	)	)	PUNCT
esutjss-88	501	12	.	.	PUNCT
esutjss-88	502	1	information	information	NOUN
esutjss-88	502	2	sharing	sharing	NOUN
esutjss-88	502	3	and	and	CCONJ
esutjss-88	502	4	financial	financial	ADJ
esutjss-88	502	5	sector	sector	NOUN
esutjss-88	502	6	development	development	NOUN
esutjss-88	502	7	in	in	ADP
esutjss-88	502	8	africa	africa	PROPN
esutjss-88	502	9	.	.	PUNCT
esutjss-88	503	1	journal	journal	PROPN
esutjss-88	503	2	of	of	ADP
esutjss-88	503	3	african	african	ADJ
esutjss-88	503	4	business	business	NOUN
esutjss-88	503	5	18(7	18(7	NUM
esutjss-88	503	6	):	):	PUNCT
esutjss-88	503	7	24	24	NUM
esutjss-88	503	8	-	-	SYM
esutjss-88	503	9	49	49	NUM
esutjss-88	503	10	.	.	PUNCT
esutjss-88	504	1	tyson	tyson	PROPN
esutjss-88	504	2	,	,	PUNCT
esutjss-88	504	3	e.	e.	PROPN
esutjss-88	504	4	(	(	PUNCT
esutjss-88	504	5	2017	2017	NUM
esutjss-88	504	6	)	)	PUNCT
esutjss-88	504	7	private	private	ADJ
esutjss-88	504	8	sector	sector	NOUN
esutjss-88	504	9	development	development	NOUN
esutjss-88	504	10	in	in	ADP
esutjss-88	504	11	liberia	liberia	PROPN
esutjss-88	504	12	financing	financing	NOUN
esutjss-88	504	13	for	for	ADP
esutjss-88	504	14	economic	economic	ADJ
esutjss-88	504	15	transformation	transformation	NOUN
esutjss-88	504	16	in	in	ADP
esutjss-88	504	17	a	a	DET
esutjss-88	504	18	fragile	fragile	ADJ
esutjss-88	504	19	context	context	NOUN
esutjss-88	504	20	supporting	support	VERB
esutjss-88	504	21	economic	economic	ADJ
esutjss-88	504	22	transformation	transformation	NOUN
esutjss-88	504	23	.	.	PUNCT
esutjss-88	505	1	udegbunam	udegbunam	PROPN
esutjss-88	505	2	,	,	PUNCT
esutjss-88	505	3	r.t	r.t	PROPN
esutjss-88	505	4	.	.	PROPN
esutjss-88	505	5	(	(	PUNCT
esutjss-88	505	6	1995	1995	NUM
esutjss-88	505	7	)	)	PUNCT
esutjss-88	505	8	.	.	PUNCT
esutjss-88	506	1	financial	financial	ADJ
esutjss-88	506	2	deregulation	deregulation	NOUN
esutjss-88	506	3	and	and	CCONJ
esutjss-88	506	4	monetary	monetary	ADJ
esutjss-88	506	5	policy	policy	NOUN
esutjss-88	506	6	in	in	ADP
esutjss-88	506	7	nigeria	nigeria	PROPN
esutjss-88	506	8	:	:	PUNCT
esutjss-88	506	9	an	an	DET
esutjss-88	506	10	examination	examination	NOUN
esutjss-88	506	11	of	of	ADP
esutjss-88	506	12	the	the	DET
esutjss-88	506	13	new	new	ADJ
esutjss-88	506	14	operating	operating	NOUN
esutjss-88	506	15	techniques	technique	NOUN
esutjss-88	506	16	:	:	PUNCT
esutjss-88	506	17	nigerian	nigerian	ADJ
esutjss-88	506	18	economic	economic	ADJ
esutjss-88	506	19	and	and	CCONJ
esutjss-88	506	20	financial	financial	ADJ
esutjss-88	506	21	review	review	NOUN
esutjss-88	506	22	,	,	PUNCT
esutjss-88	506	23	33	33	NUM
esutjss-88	506	24	(	(	PUNCT
esutjss-88	506	25	1	1	NUM
esutjss-88	506	26	):	):	PUNCT
esutjss-88	506	27	41	41	NUM
esutjss-88	506	28	-	-	SYM
esutjss-88	506	29	63	63	NUM
esutjss-88	506	30	.	.	PUNCT
esutjss-88	506	31	virani	virani	PROPN
esutjss-88	506	32	,	,	PUNCT
esutjss-88	506	33	v.	v.	PROPN
esutjss-88	506	34	(	(	PUNCT
esutjss-88	506	35	2012	2012	NUM
esutjss-88	506	36	)	)	PUNCT
esutjss-88	506	37	.	.	PUNCT
esutjss-88	507	1	saving	saving	NOUN
esutjss-88	507	2	and	and	CCONJ
esutjss-88	507	3	investment	investment	NOUN
esutjss-88	507	4	pattern	pattern	NOUN
esutjss-88	507	5	of	of	ADP
esutjss-88	507	6	school	school	NOUN
esutjss-88	507	7	teachersa	teachersa	PROPN
esutjss-88	507	8	study	study	NOUN
esutjss-88	507	9	with	with	ADP
esutjss-88	507	10	special	special	ADJ
esutjss-88	507	11	reference	reference	NOUN
esutjss-88	507	12	to	to	PART
esutjss-88	507	13	rajkot	rajkot	VERB
esutjss-88	507	14	city	city	PROPN
esutjss-88	507	15	,	,	PUNCT
esutjss-88	507	16	gujrat	gujrat	PROPN
esutjss-88	507	17	.	.	PUNCT
esutjss-88	508	1	abginav	abginav	PROPN
esutjss-88	508	2	national	national	PROPN
esutjss-88	508	3	referred	refer	VERB
esutjss-88	508	4	journal	journal	NOUN
esutjss-88	508	5	of	of	ADP
esutjss-88	508	6	research	research	NOUN
esutjss-88	508	7	in	in	ADP
esutjss-88	508	8	commerce	commerce	NOUN
esutjss-88	508	9	and	and	CCONJ
esutjss-88	508	10	management	management	NOUN
esutjss-88	508	11	2(4	2(4	NUM
esutjss-88	508	12	):	):	PUNCT
esutjss-88	508	13	2277	2277	NUM
esutjss-88	508	14	-	-	SYM
esutjss-88	508	15	1166	1166	NUM
esutjss-88	508	16	.	.	PUNCT
esutjss-88	509	1	wdi	wdi	PROPN
esutjss-88	509	2	(	(	PUNCT
esutjss-88	509	3	2020	2020	NUM
esutjss-88	509	4	)	)	PUNCT
esutjss-88	509	5	.	.	PUNCT
esutjss-88	510	1	world	world	NOUN
esutjss-88	510	2	development	development	NOUN
esutjss-88	510	3	indicators	indicator	NOUN
esutjss-88	510	4	.	.	PUNCT
esutjss-88	511	1	a	a	DET
esutjss-88	511	2	publication	publication	NOUN
esutjss-88	511	3	of	of	ADP
esutjss-88	511	4	the	the	DET
esutjss-88	511	5	world	world	PROPN
esutjss-88	511	6	bank	bank	PROPN
esutjss-88	511	7	,	,	PUNCT
esutjss-88	511	8	washington	washington	PROPN
esutjss-88	511	9	dc	dc	PROPN
esutjss-88	511	10	;	;	PUNCT
esutjss-88	511	11	united	united	PROPN
esutjss-88	511	12	states	states	PROPN
esutjss-88	511	13	of	of	ADP
esutjss-88	511	14	america	america	PROPN
esutjss-88	511	15	.	.	PUNCT
esutjss-88	512	1	west	west	PROPN
esutjss-88	512	2	african	african	PROPN
esutjss-88	512	3	economic	economic	ADJ
esutjss-88	512	4	outlook	outlook	NOUN
esutjss-88	512	5	2020	2020	NUM
esutjss-88	512	6	:	:	PUNCT
esutjss-88	512	7	coping	cope	VERB
esutjss-88	512	8	with	with	ADP
esutjss-88	512	9	the	the	DET
esutjss-88	512	10	covid-19	covid-19	PROPN
esutjss-88	512	11	pandemic	pandemic	NOUN
esutjss-88	512	12	.	.	PUNCT
esutjss-88	513	1	world	world	PROPN
esutjss-88	513	2	bank	bank	PROPN
esutjss-88	513	3	(	(	PUNCT
esutjss-88	513	4	1989	1989	NUM
esutjss-88	513	5	)	)	PUNCT
esutjss-88	513	6	world	world	NOUN
esutjss-88	513	7	development	development	NOUN
esutjss-88	513	8	report	report	PROPN
esutjss-88	513	9	,	,	PUNCT
esutjss-88	513	10	washington	washington	PROPN
esutjss-88	513	11	d.	d.	PROPN
esutjss-88	513	12	c	c	PROPN
esutjss-88	513	13	world	world	PROPN
esutjss-88	513	14	bank	bank	PROPN
esutjss-88	513	15	(	(	PUNCT
esutjss-88	513	16	1989	1989	NUM
esutjss-88	513	17	)	)	PUNCT
esutjss-88	513	18	.	.	PUNCT
esutjss-88	514	1	adjustment	adjustment	NOUN
esutjss-88	514	2	in	in	ADP
esutjss-88	514	3	africa	africa	PROPN
esutjss-88	514	4	:	:	PUNCT
esutjss-88	514	5	reforms	reform	NOUN
esutjss-88	514	6	,	,	PUNCT
esutjss-88	514	7	results	result	NOUN
esutjss-88	514	8	and	and	CCONJ
esutjss-88	514	9	the	the	DET
esutjss-88	514	10	koad	koad	NOUN
esutjss-88	514	11	ahead	ahead	ADV
esutjss-88	514	12	.	.	PUNCT
esutjss-88	515	1	world	world	PROPN
esutjss-88	515	2	bank	bank	PROPN
esutjss-88	515	3	policy	policy	NOUN
esutjss-88	515	4	research	research	NOUN
esutjss-88	515	5	report	report	NOUN
esutjss-88	515	6	,	,	PUNCT
esutjss-88	515	7	washington	washington	PROPN
esutjss-88	515	8	d.c	d.c	PROPN
esutjss-88	515	9	:	:	PUNCT
esutjss-88	515	10	world	world	PROPN
esutjss-88	515	11	bank	bank	PROPN
esutjss-88	515	12	.	.	PUNCT
esutjss-88	516	1	world	world	PROPN
esutjss-88	516	2	bank	bank	PROPN
esutjss-88	516	3	(	(	PUNCT
esutjss-88	516	4	2021	2021	NUM
esutjss-88	516	5	)	)	PUNCT
esutjss-88	516	6	benin	benin	PROPN
esutjss-88	516	7	economic	economic	ADJ
esutjss-88	516	8	update	update	NOUN
esutjss-88	516	9	.	.	PUNCT
esutjss-88	517	1	macroeconomic	macroeconomic	ADJ
esutjss-88	517	2	and	and	CCONJ
esutjss-88	517	3	fiscal	fiscal	ADJ
esutjss-88	517	4	management	management	NOUN
esutjss-88	517	5	washington	washington	PROPN
esutjss-88	517	6	d.c	d.c	PROPN
esutjss-88	517	7	.	.	PROPN
esutjss-88	517	8	yakubu	yakubu	PROPN
esutjss-88	517	9	,	,	PUNCT
esutjss-88	517	10	z.	z.	PROPN
esutjss-88	517	11	,	,	PUNCT
esutjss-88	517	12	loganathan	loganathan	PROPN
esutjss-88	517	13	,	,	PUNCT
esutjss-88	517	14	n.	n.	NOUN
esutjss-88	517	15	,	,	PUNCT
esutjss-88	517	16	mursitama	mursitama	NOUN
esutjss-88	517	17	,	,	PUNCT
esutjss-88	517	18	t.n	t.n	PROPN
esutjss-88	517	19	.	.	PROPN
esutjss-88	517	20	,	,	PUNCT
esutjss-88	517	21	mardimi	mardimi	PROPN
esutjss-88	517	22	,	,	PUNCT
esutjss-88	517	23	khan	khan	PROPN
esutjss-88	517	24	,	,	PUNCT
esutjss-88	517	25	s.y.r	s.y.r	PROPN
esutjss-88	517	26	.	.	PROPN
esutjss-88	517	27	&	&	CCONJ
esutjss-88	517	28	hassan	hassan	PROPN
esutjss-88	517	29	,	,	PUNCT
esutjss-88	517	30	a.a.g	a.a.g	NOUN
esutjss-88	517	31	.	.	PUNCT
esutjss-88	517	32	(	(	PUNCT
esutjss-88	517	33	2020	2020	NUM
esutjss-88	517	34	)	)	PUNCT
esutjss-88	517	35	.	.	PUNCT
esutjss-88	518	1	financial	financial	ADJ
esutjss-88	518	2	liberalization	liberalization	NOUN
esutjss-88	518	3	,	,	PUNCT
esutjss-88	518	4	political	political	ADJ
esutjss-88	518	5	stability	stability	NOUN
esutjss-88	518	6	,	,	PUNCT
esutjss-88	518	7	and	and	CCONJ
esutjss-88	518	8	economic	economic	ADJ
esutjss-88	518	9	determinants	determinant	NOUN
esutjss-88	518	10	of	of	ADP
esutjss-88	518	11	real	real	ADJ
esutjss-88	518	12	economic	economic	ADJ
esutjss-88	518	13	growth	growth	NOUN
esutjss-88	518	14	in	in	ADP
esutjss-88	518	15	kenya	kenya	PROPN
esutjss-88	518	16	,	,	PUNCT
esutjss-88	518	17	energies	energy	NOUN
esutjss-88	518	18	,	,	PUNCT
esutjss-88	518	19	mdpi	mdpi	PROPN
esutjss-88	518	20	,	,	PUNCT
esutjss-88	518	21	13:3426	13:3426	NUM
esutjss-88	518	22	,	,	PUNCT
esutjss-88	518	23	doi.10.3390	doi.10.3390	PROPN
esutjss-88	518	24	/	/	SYM
esutjss-88	518	25	en13133426	en13133426	PROPN
esutjss-88	518	26	.	.	PUNCT
esutjss-88	519	1	page	page	NOUN
esutjss-88	519	2	4	4	NUM