id	sid	tid	token	lemma	pos
eistud-34325	1	1	european	european	ADJ
eistud-34325	1	2	integrat	integrat	NOUN
eistud-34325	1	3	ion	ion	NOUN
eistud-34325	1	4	studies2023/17	studies2023/17	NOUN
eistud-34325	1	5	108	108	NUM
eistud-34325	1	6	domestic	domestic	ADJ
eistud-34325	1	7	savings	saving	NOUN
eistud-34325	1	8	and	and	CCONJ
eistud-34325	1	9	international	international	ADJ
eistud-34325	1	10	capital	capital	NOUN
eistud-34325	1	11	flows	flow	NOUN
eistud-34325	1	12	in	in	ADP
eistud-34325	1	13	the	the	DET
eistud-34325	1	14	eu	eu	PROPN
eistud-34325	1	15	https://doi.org/10.5755/j01.eis.1.17.34325	https://doi.org/10.5755/j01.eis.1.17.34325	PROPN
eistud-34325	1	16	european	european	ADJ
eistud-34325	1	17	integration	integration	PROPN
eistud-34325	1	18	studies	study	NOUN
eistud-34325	1	19	no	no	INTJ
eistud-34325	1	20	.	.	PROPN
eistud-34325	2	1	17	17	NUM
eistud-34325	2	2	/	/	SYM
eistud-34325	2	3	2023	2023	NUM
eistud-34325	2	4	,	,	PUNCT
eistud-34325	2	5	pp	pp	ADJ
eistud-34325	2	6	.	.	PUNCT
eistud-34325	3	1	108	108	NUM
eistud-34325	3	2	-	-	SYM
eistud-34325	3	3	123	123	NUM
eistud-34325	3	4	doi.org/10.5755/j01.eis.1.17.34325	doi.org/10.5755/j01.eis.1.17.34325	PROPN
eistud-34325	3	5	submitted	submit	VERB
eistud-34325	3	6	05/2023	05/2023	ADJ
eistud-34325	3	7	accepted	accept	VERB
eistud-34325	3	8	for	for	ADP
eistud-34325	3	9	publication	publication	NOUN
eistud-34325	3	10	06/2023	06/2023	NUM
eistud-34325	3	11	domestic	domestic	ADJ
eistud-34325	3	12	savings	saving	NOUN
eistud-34325	3	13	and	and	CCONJ
eistud-34325	3	14	international	international	ADJ
eistud-34325	3	15	capital	capital	NOUN
eistud-34325	3	16	flows	flow	NOUN
eistud-34325	3	17	in	in	ADP
eistud-34325	3	18	the	the	DET
eistud-34325	3	19	eu	eu	PROPN
eistud-34325	3	20	eis	eis	PROPN
eistud-34325	3	21	17/2023	17/2023	NUM
eistud-34325	3	22	abstract	abstract	ADJ
eistud-34325	3	23	introduction	introduction	NOUN
eistud-34325	3	24	paweł	paweł	VERB
eistud-34325	3	25	młodkowski	młodkowski	PROPN
eistud-34325	3	26	miyazaki	miyazaki	PROPN
eistud-34325	3	27	international	international	PROPN
eistud-34325	3	28	university	university	PROPN
eistud-34325	3	29	,	,	PUNCT
eistud-34325	3	30	school	school	NOUN
eistud-34325	3	31	of	of	ADP
eistud-34325	3	32	international	international	ADJ
eistud-34325	3	33	liberal	liberal	ADJ
eistud-34325	3	34	arts	art	NOUN
eistud-34325	3	35	,	,	PUNCT
eistud-34325	3	36	japan	japan	PROPN
eistud-34325	3	37	this	this	DET
eistud-34325	3	38	paper	paper	NOUN
eistud-34325	3	39	uses	use	VERB
eistud-34325	3	40	new	new	ADJ
eistud-34325	3	41	statistical	statistical	ADJ
eistud-34325	3	42	estimates	estimate	NOUN
eistud-34325	3	43	to	to	PART
eistud-34325	3	44	test	test	VERB
eistud-34325	3	45	for	for	ADP
eistud-34325	3	46	effects	effect	NOUN
eistud-34325	3	47	of	of	ADP
eistud-34325	3	48	economic	economic	ADJ
eistud-34325	3	49	integration	integration	NOUN
eistud-34325	3	50	in	in	ADP
eistud-34325	3	51	europe	europe	PROPN
eistud-34325	3	52	on	on	ADP
eistud-34325	3	53	international	international	ADJ
eistud-34325	3	54	capital	capital	NOUN
eistud-34325	3	55	mobility	mobility	NOUN
eistud-34325	3	56	.	.	PUNCT
eistud-34325	4	1	in	in	ADP
eistud-34325	4	2	a	a	DET
eistud-34325	4	3	world	world	NOUN
eistud-34325	4	4	of	of	ADP
eistud-34325	4	5	perfect	perfect	ADJ
eistud-34325	4	6	capital	capital	NOUN
eistud-34325	4	7	mobility	mobility	NOUN
eistud-34325	4	8	,	,	PUNCT
eistud-34325	4	9	one	one	PRON
eistud-34325	4	10	should	should	AUX
eistud-34325	4	11	experience	experience	VERB
eistud-34325	4	12	little	little	ADJ
eistud-34325	4	13	or	or	CCONJ
eistud-34325	4	14	not	not	PART
eistud-34325	4	15	statistically	statistically	ADV
eistud-34325	4	16	significant	significant	ADJ
eistud-34325	4	17	relationship	relationship	NOUN
eistud-34325	4	18	between	between	ADP
eistud-34325	4	19	the	the	DET
eistud-34325	4	20	amount	amount	NOUN
eistud-34325	4	21	of	of	ADP
eistud-34325	4	22	domestic	domestic	ADJ
eistud-34325	4	23	savings	saving	NOUN
eistud-34325	4	24	and	and	CCONJ
eistud-34325	4	25	domestic	domestic	ADJ
eistud-34325	4	26	investment	investment	NOUN
eistud-34325	4	27	.	.	PUNCT
eistud-34325	5	1	alternatively	alternatively	ADV
eistud-34325	5	2	,	,	PUNCT
eistud-34325	5	3	under	under	ADP
eistud-34325	5	4	less	less	ADJ
eistud-34325	5	5	-	-	PUNCT
eistud-34325	5	6	than	than	ADP
eistud-34325	5	7	perfect	perfect	ADJ
eistud-34325	5	8	capital	capital	NOUN
eistud-34325	5	9	international	international	ADJ
eistud-34325	5	10	mobility	mobility	NOUN
eistud-34325	5	11	,	,	PUNCT
eistud-34325	5	12	diverse	diverse	ADJ
eistud-34325	5	13	portfolio	portfolio	NOUN
eistud-34325	5	14	preferences	preference	NOUN
eistud-34325	5	15	and	and	CCONJ
eistud-34325	5	16	country	country	NOUN
eistud-34325	5	17	-	-	PUNCT
eistud-34325	5	18	specific	specific	ADJ
eistud-34325	5	19	transactions	transaction	NOUN
eistud-34325	5	20	costs	cost	NOUN
eistud-34325	5	21	would	would	AUX
eistud-34325	5	22	create	create	VERB
eistud-34325	5	23	impediments	impediment	NOUN
eistud-34325	5	24	for	for	ADP
eistud-34325	5	25	long	long	ADJ
eistud-34325	5	26	-	-	PUNCT
eistud-34325	5	27	term	term	NOUN
eistud-34325	5	28	capital	capital	NOUN
eistud-34325	5	29	flows	flow	NOUN
eistud-34325	5	30	.	.	PUNCT
eistud-34325	6	1	this	this	PRON
eistud-34325	6	2	would	would	AUX
eistud-34325	6	3	result	result	VERB
eistud-34325	6	4	in	in	ADP
eistud-34325	6	5	direct	direct	ADJ
eistud-34325	6	6	connection	connection	NOUN
eistud-34325	6	7	between	between	ADP
eistud-34325	6	8	any	any	DET
eistud-34325	6	9	changes	change	NOUN
eistud-34325	6	10	(	(	PUNCT
eistud-34325	6	11	increases	increase	NOUN
eistud-34325	6	12	)	)	PUNCT
eistud-34325	6	13	in	in	ADP
eistud-34325	6	14	domestic	domestic	ADJ
eistud-34325	6	15	savings	saving	NOUN
eistud-34325	6	16	and	and	CCONJ
eistud-34325	6	17	domestic	domestic	ADJ
eistud-34325	6	18	investment	investment	NOUN
eistud-34325	6	19	.	.	PUNCT
eistud-34325	7	1	according	accord	VERB
eistud-34325	7	2	to	to	ADP
eistud-34325	7	3	empirical	empirical	ADJ
eistud-34325	7	4	results	result	NOUN
eistud-34325	7	5	of	of	ADP
eistud-34325	7	6	a	a	DET
eistud-34325	7	7	similar	similar	ADJ
eistud-34325	7	8	empirical	empirical	ADJ
eistud-34325	7	9	study	study	NOUN
eistud-34325	7	10	by	by	ADP
eistud-34325	7	11	feldstein	feldstein	NOUN
eistud-34325	7	12	and	and	CCONJ
eistud-34325	7	13	horioka	horioka	NOUN
eistud-34325	7	14	(	(	PUNCT
eistud-34325	7	15	1980	1980	NUM
eistud-34325	7	16	)	)	PUNCT
eistud-34325	7	17	for	for	ADP
eistud-34325	7	18	developed	develop	VERB
eistud-34325	7	19	countries	country	NOUN
eistud-34325	7	20	(	(	PUNCT
eistud-34325	7	21	including	include	VERB
eistud-34325	7	22	some	some	PRON
eistud-34325	7	23	of	of	ADP
eistud-34325	7	24	current	current	ADJ
eistud-34325	7	25	eu	eu	PROPN
eistud-34325	7	26	members	member	NOUN
eistud-34325	7	27	included	include	VERB
eistud-34325	7	28	in	in	ADP
eistud-34325	7	29	this	this	DET
eistud-34325	7	30	investigation	investigation	NOUN
eistud-34325	7	31	)	)	PUNCT
eistud-34325	7	32	,	,	PUNCT
eistud-34325	7	33	there	there	PRON
eistud-34325	7	34	were	be	VERB
eistud-34325	7	35	portfolio	portfolio	NOUN
eistud-34325	7	36	preferences	preference	NOUN
eistud-34325	7	37	and	and	CCONJ
eistud-34325	7	38	institutional	institutional	ADJ
eistud-34325	7	39	rigidities	rigidity	NOUN
eistud-34325	7	40	,	,	PUNCT
eistud-34325	7	41	which	which	PRON
eistud-34325	7	42	resulted	result	VERB
eistud-34325	7	43	in	in	ADP
eistud-34325	7	44	almost	almost	ADV
eistud-34325	7	45	equal	equal	ADJ
eistud-34325	7	46	corresponding	corresponding	ADJ
eistud-34325	7	47	differences	difference	NOUN
eistud-34325	7	48	in	in	ADP
eistud-34325	7	49	domestic	domestic	ADJ
eistud-34325	7	50	investment	investment	NOUN
eistud-34325	7	51	rates	rate	NOUN
eistud-34325	7	52	driven	drive	VERB
eistud-34325	7	53	by	by	ADP
eistud-34325	7	54	domestic	domestic	ADJ
eistud-34325	7	55	savings	saving	NOUN
eistud-34325	7	56	rates	rate	NOUN
eistud-34325	7	57	among	among	ADP
eistud-34325	7	58	major	major	ADJ
eistud-34325	7	59	industrial	industrial	ADJ
eistud-34325	7	60	countries	country	NOUN
eistud-34325	7	61	.	.	PUNCT
eistud-34325	8	1	the	the	DET
eistud-34325	8	2	current	current	ADJ
eistud-34325	8	3	study	study	NOUN
eistud-34325	8	4	tests	test	VERB
eistud-34325	8	5	for	for	ADP
eistud-34325	8	6	capital	capital	NOUN
eistud-34325	8	7	mobility	mobility	NOUN
eistud-34325	8	8	in	in	ADP
eistud-34325	8	9	the	the	DET
eistud-34325	8	10	eu	eu	PROPN
eistud-34325	8	11	member	member	NOUN
eistud-34325	8	12	states	state	NOUN
eistud-34325	8	13	(	(	PUNCT
eistud-34325	8	14	2010	2010	NUM
eistud-34325	8	15	-	-	SYM
eistud-34325	8	16	2020	2020	NUM
eistud-34325	8	17	)	)	PUNCT
eistud-34325	8	18	discussing	discuss	VERB
eistud-34325	8	19	compatibility	compatibility	NOUN
eistud-34325	8	20	of	of	ADP
eistud-34325	8	21	findings	finding	NOUN
eistud-34325	8	22	with	with	ADP
eistud-34325	8	23	previous	previous	ADJ
eistud-34325	8	24	evidence	evidence	NOUN
eistud-34325	8	25	found	find	VERB
eistud-34325	8	26	in	in	ADP
eistud-34325	8	27	the	the	DET
eistud-34325	8	28	literature	literature	NOUN
eistud-34325	8	29	(	(	PUNCT
eistud-34325	8	30	feldstein	feldstein	NOUN
eistud-34325	8	31	and	and	CCONJ
eistud-34325	8	32	horioka	horioka	NOUN
eistud-34325	8	33	1980	1980	NUM
eistud-34325	8	34	)	)	PUNCT
eistud-34325	8	35	.	.	PUNCT
eistud-34325	9	1	it	it	PRON
eistud-34325	9	2	also	also	ADV
eistud-34325	9	3	addresses	address	VERB
eistud-34325	9	4	the	the	DET
eistud-34325	9	5	optimal	optimal	ADJ
eistud-34325	9	6	national	national	ADJ
eistud-34325	9	7	savings	saving	NOUN
eistud-34325	9	8	policy	policy	NOUN
eistud-34325	9	9	,	,	PUNCT
eistud-34325	9	10	tax	tax	NOUN
eistud-34325	9	11	incidence	incidence	NOUN
eistud-34325	9	12	and	and	CCONJ
eistud-34325	9	13	concludes	conclude	VERB
eistud-34325	9	14	on	on	ADP
eistud-34325	9	15	capital	capital	NOUN
eistud-34325	9	16	formation	formation	NOUN
eistud-34325	9	17	in	in	ADP
eistud-34325	9	18	the	the	DET
eistud-34325	9	19	eu	eu	PROPN
eistud-34325	9	20	.	.	PUNCT
eistud-34325	9	21	keywords	keyword	NOUN
eistud-34325	9	22	:	:	PUNCT
eistud-34325	9	23	domestic	domestic	ADJ
eistud-34325	9	24	savings	saving	NOUN
eistud-34325	9	25	,	,	PUNCT
eistud-34325	9	26	domestic	domestic	ADJ
eistud-34325	9	27	investment	investment	NOUN
eistud-34325	9	28	,	,	PUNCT
eistud-34325	9	29	capital	capital	NOUN
eistud-34325	9	30	mobility	mobility	NOUN
eistud-34325	9	31	,	,	PUNCT
eistud-34325	9	32	tax	tax	NOUN
eistud-34325	9	33	incidence	incidence	NOUN
eistud-34325	9	34	,	,	PUNCT
eistud-34325	9	35	optimal	optimal	ADJ
eistud-34325	9	36	savings	saving	NOUN
eistud-34325	9	37	policy	policy	NOUN
eistud-34325	9	38	,	,	PUNCT
eistud-34325	9	39	european	european	PROPN
eistud-34325	9	40	union	union	PROPN
eistud-34325	9	41	.	.	PUNCT
eistud-34325	10	1	theoretical	theoretical	ADJ
eistud-34325	10	2	benefits	benefit	NOUN
eistud-34325	10	3	of	of	ADP
eistud-34325	10	4	economic	economic	ADJ
eistud-34325	10	5	integration	integration	NOUN
eistud-34325	10	6	include	include	VERB
eistud-34325	10	7	boosting	boost	VERB
eistud-34325	10	8	output	output	NOUN
eistud-34325	10	9	growth	growth	NOUN
eistud-34325	10	10	by	by	ADP
eistud-34325	10	11	a	a	DET
eistud-34325	10	12	multitude	multitude	NOUN
eistud-34325	10	13	of	of	ADP
eistud-34325	10	14	reasons	reason	NOUN
eistud-34325	10	15	.	.	PUNCT
eistud-34325	11	1	the	the	DET
eistud-34325	11	2	most	most	ADV
eistud-34325	11	3	prominent	prominent	ADJ
eistud-34325	11	4	reason	reason	NOUN
eistud-34325	11	5	here	here	ADV
eistud-34325	11	6	is	be	AUX
eistud-34325	11	7	a	a	DET
eistud-34325	11	8	reduction	reduction	NOUN
eistud-34325	11	9	in	in	ADP
eistud-34325	11	10	transactions	transaction	NOUN
eistud-34325	11	11	costs	cost	NOUN
eistud-34325	11	12	(	(	PUNCT
eistud-34325	11	13	bywaters	bywater	NOUN
eistud-34325	11	14	and	and	CCONJ
eistud-34325	11	15	mlodkowski	mlodkowski	NOUN
eistud-34325	11	16	2012	2012	NUM
eistud-34325	11	17	)	)	PUNCT
eistud-34325	11	18	,	,	PUNCT
eistud-34325	11	19	considered	consider	VERB
eistud-34325	11	20	as	as	ADP
eistud-34325	11	21	central	central	ADJ
eistud-34325	11	22	to	to	ADP
eistud-34325	11	23	any	any	DET
eistud-34325	11	24	economic	economic	ADJ
eistud-34325	11	25	analysis	analysis	NOUN
eistud-34325	11	26	already	already	ADV
eistud-34325	11	27	by	by	ADP
eistud-34325	11	28	a.	a.	PROPN
eistud-34325	11	29	smith	smith	PROPN
eistud-34325	11	30	.	.	PUNCT
eistud-34325	12	1	it	it	PRON
eistud-34325	12	2	results	result	VERB
eistud-34325	12	3	from	from	ADP
eistud-34325	12	4	adoption	adoption	NOUN
eistud-34325	12	5	of	of	ADP
eistud-34325	12	6	the	the	DET
eistud-34325	12	7	eu	eu	PROPN
eistud-34325	12	8	legal	legal	ADJ
eistud-34325	12	9	and	and	CCONJ
eistud-34325	12	10	institutional	institutional	ADJ
eistud-34325	12	11	framework	framework	NOUN
eistud-34325	12	12	by	by	ADP
eistud-34325	12	13	each	each	PRON
eistud-34325	12	14	of	of	ADP
eistud-34325	12	15	countries	country	NOUN
eistud-34325	12	16	admitted	admit	VERB
eistud-34325	12	17	to	to	ADP
eistud-34325	12	18	the	the	DET
eistud-34325	12	19	european	european	PROPN
eistud-34325	12	20	union	union	PROPN
eistud-34325	12	21	.	.	PUNCT
eistud-34325	13	1	as	as	SCONJ
eistud-34325	13	2	reported	report	VERB
eistud-34325	13	3	already	already	ADV
eistud-34325	13	4	by	by	ADP
eistud-34325	13	5	daugeliene	daugeliene	NOUN
eistud-34325	13	6	and	and	CCONJ
eistud-34325	13	7	mlodkowski	mlodkowski	NOUN
eistud-34325	13	8	(	(	PUNCT
eistud-34325	13	9	2014	2014	NUM
eistud-34325	13	10	)	)	PUNCT
eistud-34325	13	11	,	,	PUNCT
eistud-34325	13	12	the	the	DET
eistud-34325	13	13	common	common	ADJ
eistud-34325	13	14	market	market	NOUN
eistud-34325	13	15	has	have	AUX
eistud-34325	13	16	facilitated	facilitate	VERB
eistud-34325	13	17	intra	intra	ADJ
eistud-34325	13	18	-	-	ADJ
eistud-34325	13	19	union	union	ADJ
eistud-34325	13	20	flow	flow	NOUN
eistud-34325	13	21	of	of	ADP
eistud-34325	13	22	capital	capital	NOUN
eistud-34325	13	23	(	(	PUNCT
eistud-34325	13	24	both	both	PRON
eistud-34325	13	25	shortand	shortand	NOUN
eistud-34325	13	26	long	long	ADJ
eistud-34325	13	27	-	-	PUNCT
eistud-34325	13	28	term	term	NOUN
eistud-34325	13	29	)	)	PUNCT
eistud-34325	13	30	,	,	PUNCT
eistud-34325	13	31	creating	create	VERB
eistud-34325	13	32	a	a	DET
eistud-34325	13	33	stable	stable	ADJ
eistud-34325	13	34	pattern	pattern	NOUN
eistud-34325	13	35	of	of	ADP
eistud-34325	13	36	debtors	debtor	NOUN
eistud-34325	13	37	and	and	CCONJ
eistud-34325	13	38	creditors	creditor	NOUN
eistud-34325	13	39	in	in	ADP
eistud-34325	13	40	the	the	DET
eistud-34325	13	41	eu	eu	PROPN
eistud-34325	13	42	.	.	PUNCT
eistud-34325	14	1	it	it	PRON
eistud-34325	14	2	was	be	AUX
eistud-34325	14	3	ford	ford	NOUN
eistud-34325	14	4	and	and	CCONJ
eistud-34325	14	5	horioka	horioka	NOUN
eistud-34325	14	6	(	(	PUNCT
eistud-34325	14	7	2017	2017	NUM
eistud-34325	14	8	)	)	PUNCT
eistud-34325	14	9	,	,	PUNCT
eistud-34325	14	10	who	who	PRON
eistud-34325	14	11	pointed	point	VERB
eistud-34325	14	12	out	out	ADP
eistud-34325	14	13	the	the	DET
eistud-34325	14	14	solution	solution	NOUN
eistud-34325	14	15	for	for	ADP
eistud-34325	14	16	the	the	DET
eistud-34325	14	17	feldstein	feldstein	NOUN
eistud-34325	14	18	-	-	PUNCT
eistud-34325	14	19	horioka	horioka	NOUN
eistud-34325	14	20	puzzle	puzzle	NOUN
eistud-34325	14	21	based	base	VERB
eistud-34325	14	22	on	on	ADP
eistud-34325	14	23	goods	good	NOUN
eistud-34325	14	24	market	market	NOUN
eistud-34325	14	25	integration	integration	NOUN
eistud-34325	14	26	,	,	PUNCT
eistud-34325	14	27	as	as	ADP
eistud-34325	14	28	necessary	necessary	ADJ
eistud-34325	14	29	for	for	ADP
eistud-34325	14	30	international	international	ADJ
eistud-34325	14	31	capital	capital	NOUN
eistud-34325	14	32	mobility	mobility	NOUN
eistud-34325	14	33	.	.	PUNCT
eistud-34325	15	1	their	their	PRON
eistud-34325	15	2	disarmingly	disarmingly	ADV
eistud-34325	15	3	simple	simple	ADJ
eistud-34325	15	4	solution	solution	NOUN
eistud-34325	15	5	called	call	VERB
eistud-34325	15	6	for	for	ADP
eistud-34325	15	7	empirical	empirical	ADJ
eistud-34325	15	8	testing	testing	NOUN
eistud-34325	15	9	on	on	ADP
eistud-34325	15	10	a	a	DET
eistud-34325	15	11	set	set	NOUN
eistud-34325	15	12	of	of	ADP
eistud-34325	15	13	countries	country	NOUN
eistud-34325	15	14	,	,	PUNCT
eistud-34325	15	15	which	which	PRON
eistud-34325	15	16	meet	meet	VERB
eistud-34325	15	17	this	this	DET
eistud-34325	15	18	specific	specific	ADJ
eistud-34325	15	19	requirement	requirement	NOUN
eistud-34325	15	20	.	.	PUNCT
eistud-34325	16	1	the	the	DET
eistud-34325	16	2	current	current	ADJ
eistud-34325	16	3	paper	paper	NOUN
eistud-34325	16	4	is	be	AUX
eistud-34325	16	5	an	an	DET
eistud-34325	16	6	attempt	attempt	NOUN
eistud-34325	16	7	to	to	PART
eistud-34325	16	8	verify	verify	VERB
eistud-34325	16	9	validity	validity	NOUN
eistud-34325	16	10	of	of	ADP
eistud-34325	16	11	ford	ford	NOUN
eistud-34325	16	12	and	and	CCONJ
eistud-34325	16	13	horioka	horioka	NOUN
eistud-34325	16	14	(	(	PUNCT
eistud-34325	16	15	2017	2017	NUM
eistud-34325	16	16	)	)	PUNCT
eistud-34325	16	17	claims	claim	NOUN
eistud-34325	16	18	.	.	PUNCT
eistud-34325	17	1	that	that	PRON
eistud-34325	17	2	european	european	PROPN
eistud-34325	17	3	union	union	PROPN
eistud-34325	17	4	with	with	ADP
eistud-34325	17	5	its	its	PRON
eistud-34325	17	6	common	common	ADJ
eistud-34325	17	7	market	market	NOUN
eistud-34325	17	8	,	,	PUNCT
eistud-34325	17	9	and	and	CCONJ
eistud-34325	17	10	within	within	ADP
eistud-34325	17	11	it	it	PRON
eistud-34325	17	12	,	,	PUNCT
eistud-34325	17	13	the	the	DET
eistud-34325	17	14	free	free	ADJ
eistud-34325	17	15	flow	flow	NOUN
eistud-34325	17	16	of	of	ADP
eistud-34325	17	17	goods	good	NOUN
eistud-34325	17	18	,	,	PUNCT
eistud-34325	17	19	labor	labor	NOUN
eistud-34325	17	20	,	,	PUNCT
eistud-34325	17	21	and	and	CCONJ
eistud-34325	17	22	capital	capital	NOUN
eistud-34325	17	23	is	be	AUX
eistud-34325	17	24	supposed	suppose	VERB
eistud-34325	17	25	to	to	PART
eistud-34325	17	26	be	be	AUX
eistud-34325	17	27	an	an	DET
eistud-34325	17	28	economic	economic	ADJ
eistud-34325	17	29	space	space	NOUN
eistud-34325	17	30	allowing	allow	VERB
eistud-34325	17	31	for	for	ADP
eistud-34325	17	32	equalization	equalization	NOUN
eistud-34325	17	33	of	of	ADP
eistud-34325	17	34	yields	yield	NOUN
eistud-34325	17	35	.	.	PUNCT
eistud-34325	18	1	this	this	PRON
eistud-34325	18	2	is	be	AUX
eistud-34325	18	3	what	what	PRON
eistud-34325	18	4	we	we	PRON
eistud-34325	18	5	know	know	VERB
eistud-34325	18	6	from	from	ADP
eistud-34325	18	7	our	our	PRON
eistud-34325	18	8	own	own	ADJ
eistud-34325	18	9	lectures	lecture	NOUN
eistud-34325	18	10	and	and	CCONJ
eistud-34325	18	11	currently	currently	ADV
eistud-34325	18	12	published	publish	VERB
eistud-34325	18	13	textbooks	textbook	NOUN
eistud-34325	18	14	.	.	PUNCT
eistud-34325	19	1	however	however	ADV
eistud-34325	19	2	,	,	PUNCT
eistud-34325	19	3	one	one	PRON
eistud-34325	19	4	may	may	AUX
eistud-34325	19	5	wonder	wonder	VERB
eistud-34325	19	6	how	how	SCONJ
eistud-34325	19	7	internationally	internationally	ADV
eistud-34325	19	8	mobile	mobile	NOUN
eistud-34325	19	9	is	be	AUX
eistud-34325	19	10	the	the	DET
eistud-34325	19	11	european	european	ADJ
eistud-34325	19	12	supply	supply	NOUN
eistud-34325	19	13	of	of	ADP
eistud-34325	19	14	capital	capital	NOUN
eistud-34325	19	15	.	.	PUNCT
eistud-34325	20	1	do	do	AUX
eistud-34325	20	2	the	the	DET
eistud-34325	20	3	incremental	incremental	ADJ
eistud-34325	20	4	saving	saving	NOUN
eistud-34325	20	5	in	in	ADP
eistud-34325	20	6	one	one	NUM
eistud-34325	20	7	eu	eu	PROPN
eistud-34325	20	8	member	member	NOUN
eistud-34325	20	9	state	state	NOUN
eistud-34325	20	10	remains	remain	VERB
eistud-34325	20	11	to	to	PART
eistud-34325	20	12	be	be	AUX
eistud-34325	20	13	invested	invest	VERB
eistud-34325	20	14	there	there	ADV
eistud-34325	20	15	,	,	PUNCT
eistud-34325	20	16	or	or	CCONJ
eistud-34325	20	17	it	it	PRON
eistud-34325	20	18	is	be	AUX
eistud-34325	20	19	attracted	attract	VERB
eistud-34325	20	20	elsewhere	elsewhere	ADV
eistud-34325	20	21	by	by	ADP
eistud-34325	20	22	higher	high	ADJ
eistud-34325	20	23	yields	yield	NOUN
eistud-34325	20	24	?	?	PUNCT
eistud-34325	21	1	one	one	PRON
eistud-34325	21	2	may	may	AUX
eistud-34325	21	3	therefore	therefore	ADV
eistud-34325	21	4	ask	ask	VERB
eistud-34325	21	5	if	if	SCONJ
eistud-34325	21	6	capital	capital	NOUN
eistud-34325	21	7	really	really	ADV
eistud-34325	21	8	flows	flow	VERB
eistud-34325	21	9	among	among	ADP
eistud-34325	21	10	the	the	DET
eistud-34325	21	11	eu	eu	PROPN
eistud-34325	21	12	countries	country	NOUN
eistud-34325	21	13	and	and	CCONJ
eistud-34325	21	14	whether	whether	SCONJ
eistud-34325	21	15	the	the	DET
eistud-34325	21	16	flow	flow	NOUN
eistud-34325	21	17	equalizes	equalize	VERB
eistud-34325	21	18	the	the	DET
eistud-34325	21	19	yield	yield	NOUN
eistud-34325	21	20	to	to	ADP
eistud-34325	21	21	investors	investor	NOUN
eistud-34325	21	22	.	.	PUNCT
eistud-34325	22	1	another	another	DET
eistud-34325	22	2	question	question	NOUN
eistud-34325	22	3	is	be	AUX
eistud-34325	22	4	about	about	ADP
eistud-34325	22	5	domestic	domestic	ADJ
eistud-34325	22	6	savings	saving	NOUN
eistud-34325	22	7	,	,	PUNCT
eistud-34325	22	8	its	its	PRON
eistud-34325	22	9	optimal	optimal	ADJ
eistud-34325	22	10	rate	rate	NOUN
eistud-34325	22	11	and	and	CCONJ
eistud-34325	22	12	the	the	DET
eistud-34325	22	13	incidence	incidence	NOUN
eistud-34325	22	14	of	of	ADP
eistud-34325	22	15	tax	tax	NOUN
eistud-34325	22	16	changes	change	NOUN
eistud-34325	22	17	.	.	PUNCT
eistud-34325	23	1	the	the	DET
eistud-34325	23	2	current	current	ADJ
eistud-34325	23	3	study	study	NOUN
eistud-34325	23	4	therefore	therefore	ADV
eistud-34325	23	5	offers	offer	VERB
eistud-34325	23	6	insights	insight	NOUN
eistud-34325	23	7	also	also	ADV
eistud-34325	23	8	into	into	ADP
eistud-34325	23	9	issues	issue	NOUN
eistud-34325	23	10	reported	report	VERB
eistud-34325	23	11	in	in	ADP
eistud-34325	23	12	panama	panama	PROPN
eistud-34325	23	13	papers	paper	NOUN
eistud-34325	23	14	,	,	PUNCT
eistud-34325	23	15	pandora	pandora	NOUN
eistud-34325	23	16	papers	paper	NOUN
eistud-34325	23	17	,	,	PUNCT
eistud-34325	23	18	and	and	CCONJ
eistud-34325	23	19	substantial	substantial	ADJ
eistud-34325	23	20	international	international	ADJ
eistud-34325	23	21	capital	capital	NOUN
eistud-34325	23	22	flows	flow	NOUN
eistud-34325	23	23	,	,	PUNCT
eistud-34325	23	24	which	which	PRON
eistud-34325	23	25	are	be	AUX
eistud-34325	23	26	driven	drive	VERB
eistud-34325	23	27	by	by	ADP
eistud-34325	23	28	pre	pre	ADJ
eistud-34325	23	29	-	-	ADJ
eistud-34325	23	30	tax	tax	ADJ
eistud-34325	23	31	-	-	PUNCT
eistud-34325	23	32	yield	yield	NOUN
eistud-34325	23	33	and	and	CCONJ
eistud-34325	23	34	post	post	ADJ
eistud-34325	23	35	-	-	ADJ
eistud-34325	23	36	tax	tax	ADJ
eistud-34325	23	37	-	-	PUNCT
eistud-34325	23	38	yield	yield	NOUN
eistud-34325	23	39	considerations	consideration	NOUN
eistud-34325	23	40	.	.	PUNCT
eistud-34325	24	1	https://doi.org/10.5755/j01.eis.1.17.34325	https://doi.org/10.5755/j01.eis.1.17.34325	X
eistud-34325	25	1	http://doi.org/10.5755/j01.eis.1.17.34325	http://doi.org/10.5755/j01.eis.1.17.34325	X
eistud-34325	25	2	109	109	NUM
eistud-34325	25	3	european	european	ADJ
eistud-34325	25	4	integrat	integrat	NOUN
eistud-34325	25	5	ion	ion	NOUN
eistud-34325	25	6	studies	study	NOUN
eistud-34325	25	7	2023/17	2023/17	NUM
eistud-34325	25	8	one	one	NUM
eistud-34325	25	9	may	may	AUX
eistud-34325	25	10	wonder	wonder	VERB
eistud-34325	25	11	about	about	ADP
eistud-34325	25	12	implications	implication	NOUN
eistud-34325	25	13	of	of	ADP
eistud-34325	25	14	intra	intra	ADJ
eistud-34325	25	15	-	-	ADJ
eistud-34325	25	16	eu	eu	ADJ
eistud-34325	25	17	capital	capital	NOUN
eistud-34325	25	18	mobility	mobility	NOUN
eistud-34325	25	19	for	for	ADP
eistud-34325	25	20	the	the	DET
eistud-34325	25	21	related	relate	VERB
eistud-34325	25	22	national	national	ADJ
eistud-34325	25	23	and	and	CCONJ
eistud-34325	25	24	union	union	NOUN
eistud-34325	25	25	-	-	PUNCT
eistud-34325	25	26	wide	wide	ADJ
eistud-34325	25	27	policies	policy	NOUN
eistud-34325	25	28	.	.	PUNCT
eistud-34325	26	1	the	the	DET
eistud-34325	26	2	first	first	ADJ
eistud-34325	26	3	stage	stage	NOUN
eistud-34325	26	4	of	of	ADP
eistud-34325	26	5	the	the	DET
eistud-34325	26	6	analysis	analysis	NOUN
eistud-34325	26	7	is	be	AUX
eistud-34325	26	8	focused	focus	VERB
eistud-34325	26	9	on	on	ADP
eistud-34325	26	10	determination	determination	NOUN
eistud-34325	26	11	of	of	ADP
eistud-34325	26	12	optimal	optimal	ADJ
eistud-34325	26	13	savings	saving	NOUN
eistud-34325	26	14	policy	policy	NOUN
eistud-34325	26	15	at	at	ADP
eistud-34325	26	16	member	member	NOUN
eistud-34325	26	17	state	state	NOUN
eistud-34325	26	18	level	level	NOUN
eistud-34325	26	19	.	.	PUNCT
eistud-34325	27	1	according	accord	VERB
eistud-34325	27	2	to	to	ADP
eistud-34325	27	3	the	the	DET
eistud-34325	27	4	theory	theory	NOUN
eistud-34325	27	5	of	of	ADP
eistud-34325	27	6	economics	economic	NOUN
eistud-34325	27	7	,	,	PUNCT
eistud-34325	27	8	the	the	DET
eistud-34325	27	9	yield	yield	NOUN
eistud-34325	27	10	on	on	ADP
eistud-34325	27	11	additional	additional	ADJ
eistud-34325	27	12	saving	saving	NOUN
eistud-34325	27	13	domestically	domestically	ADV
eistud-34325	27	14	equals	equal	VERB
eistud-34325	27	15	the	the	DET
eistud-34325	27	16	domestic	domestic	ADJ
eistud-34325	27	17	marginal	marginal	ADJ
eistud-34325	27	18	product	product	NOUN
eistud-34325	27	19	of	of	ADP
eistud-34325	27	20	capital	capital	NOUN
eistud-34325	27	21	.	.	PUNCT
eistud-34325	28	1	this	this	PRON
eistud-34325	28	2	is	be	AUX
eistud-34325	28	3	true	true	ADJ
eistud-34325	28	4	in	in	ADP
eistud-34325	28	5	a	a	DET
eistud-34325	28	6	closed	closed	ADJ
eistud-34325	28	7	economy	economy	NOUN
eistud-34325	28	8	,	,	PUNCT
eistud-34325	28	9	without	without	ADP
eistud-34325	28	10	any	any	DET
eistud-34325	28	11	international	international	ADJ
eistud-34325	28	12	capital	capital	NOUN
eistud-34325	28	13	mobility	mobility	NOUN
eistud-34325	28	14	.	.	PUNCT
eistud-34325	29	1	however	however	ADV
eistud-34325	29	2	,	,	PUNCT
eistud-34325	29	3	in	in	ADP
eistud-34325	29	4	case	case	NOUN
eistud-34325	29	5	of	of	ADP
eistud-34325	29	6	the	the	DET
eistud-34325	29	7	eu	eu	PROPN
eistud-34325	29	8	,	,	PUNCT
eistud-34325	29	9	where	where	SCONJ
eistud-34325	29	10	intra	intra	ADJ
eistud-34325	29	11	-	-	ADJ
eistud-34325	29	12	union	union	ADJ
eistud-34325	29	13	capital	capital	NOUN
eistud-34325	29	14	mobility	mobility	NOUN
eistud-34325	29	15	should	should	AUX
eistud-34325	29	16	be	be	AUX
eistud-34325	29	17	taken	take	VERB
eistud-34325	29	18	for	for	ADP
eistud-34325	29	19	granted	grant	VERB
eistud-34325	29	20	,	,	PUNCT
eistud-34325	29	21	this	this	PRON
eistud-34325	29	22	may	may	AUX
eistud-34325	29	23	not	not	PART
eistud-34325	29	24	hold	hold	VERB
eistud-34325	29	25	.	.	PUNCT
eistud-34325	30	1	when	when	SCONJ
eistud-34325	30	2	considering	consider	VERB
eistud-34325	30	3	eu-27	eu-27	NOUN
eistud-34325	30	4	,	,	PUNCT
eistud-34325	30	5	there	there	PRON
eistud-34325	30	6	may	may	AUX
eistud-34325	30	7	be	be	AUX
eistud-34325	30	8	a	a	DET
eistud-34325	30	9	certain	certain	ADJ
eistud-34325	30	10	asymmetry	asymmetry	NOUN
eistud-34325	30	11	in	in	ADP
eistud-34325	30	12	de	de	X
eistud-34325	30	13	facto	facto	X
eistud-34325	30	14	intra	intra	ADJ
eistud-34325	30	15	-	-	ADJ
eistud-34325	30	16	union	union	ADJ
eistud-34325	30	17	capital	capital	NOUN
eistud-34325	30	18	mobility	mobility	NOUN
eistud-34325	30	19	,	,	PUNCT
eistud-34325	30	20	especially	especially	ADV
eistud-34325	30	21	when	when	SCONJ
eistud-34325	30	22	eurozone	eurozone	NOUN
eistud-34325	30	23	and	and	CCONJ
eistud-34325	30	24	non	non	ADJ
eistud-34325	30	25	-	-	ADJ
eistud-34325	30	26	eurozone	eurozone	ADJ
eistud-34325	30	27	member	member	NOUN
eistud-34325	30	28	states	state	NOUN
eistud-34325	30	29	are	be	AUX
eistud-34325	30	30	analyzed	analyze	VERB
eistud-34325	30	31	.	.	PUNCT
eistud-34325	31	1	for	for	ADP
eistud-34325	31	2	non	non	ADJ
eistud-34325	31	3	-	-	ADJ
eistud-34325	31	4	eurozone	eurozone	ADJ
eistud-34325	31	5	states	state	NOUN
eistud-34325	31	6	,	,	PUNCT
eistud-34325	31	7	the	the	DET
eistud-34325	31	8	transactions	transaction	NOUN
eistud-34325	31	9	costs	cost	NOUN
eistud-34325	31	10	and	and	CCONJ
eistud-34325	31	11	exchange	exchange	NOUN
eistud-34325	31	12	rate	rate	NOUN
eistud-34325	31	13	volatility	volatility	NOUN
eistud-34325	31	14	seem	seem	VERB
eistud-34325	31	15	to	to	PART
eistud-34325	31	16	be	be	AUX
eistud-34325	31	17	the	the	DET
eistud-34325	31	18	first	first	ADJ
eistud-34325	31	19	to	to	PART
eistud-34325	31	20	blame	blame	VERB
eistud-34325	31	21	for	for	ADP
eistud-34325	31	22	less	less	ADJ
eistud-34325	31	23	-	-	PUNCT
eistud-34325	31	24	than	than	ADP
eistud-34325	31	25	perfect	perfect	ADJ
eistud-34325	31	26	capital	capital	NOUN
eistud-34325	31	27	mobility	mobility	NOUN
eistud-34325	31	28	within	within	ADP
eistud-34325	31	29	the	the	DET
eistud-34325	31	30	common	common	ADJ
eistud-34325	31	31	market	market	NOUN
eistud-34325	31	32	.	.	PUNCT
eistud-34325	32	1	national	national	ADJ
eistud-34325	32	2	governments	government	NOUN
eistud-34325	32	3	may	may	AUX
eistud-34325	32	4	try	try	VERB
eistud-34325	32	5	to	to	PART
eistud-34325	32	6	stimulate	stimulate	VERB
eistud-34325	32	7	increase	increase	NOUN
eistud-34325	32	8	in	in	ADP
eistud-34325	32	9	the	the	DET
eistud-34325	32	10	saving	saving	NOUN
eistud-34325	32	11	rate	rate	NOUN
eistud-34325	32	12	,	,	PUNCT
eistud-34325	32	13	but	but	CCONJ
eistud-34325	32	14	this	this	PRON
eistud-34325	32	15	is	be	AUX
eistud-34325	32	16	equivalent	equivalent	ADJ
eistud-34325	32	17	to	to	ADP
eistud-34325	32	18	postponing	postpone	VERB
eistud-34325	32	19	current	current	ADJ
eistud-34325	32	20	consumption	consumption	NOUN
eistud-34325	32	21	in	in	ADP
eistud-34325	32	22	order	order	NOUN
eistud-34325	32	23	to	to	PART
eistud-34325	32	24	receive	receive	VERB
eistud-34325	32	25	benefits	benefit	NOUN
eistud-34325	32	26	in	in	ADP
eistud-34325	32	27	the	the	DET
eistud-34325	32	28	future	future	NOUN
eistud-34325	32	29	equal	equal	ADJ
eistud-34325	32	30	to	to	ADP
eistud-34325	32	31	the	the	DET
eistud-34325	32	32	domestic	domestic	ADJ
eistud-34325	32	33	marginal	marginal	ADJ
eistud-34325	32	34	product	product	NOUN
eistud-34325	32	35	of	of	ADP
eistud-34325	32	36	capital	capital	NOUN
eistud-34325	32	37	.	.	PUNCT
eistud-34325	33	1	this	this	DET
eistud-34325	33	2	particular	particular	ADJ
eistud-34325	33	3	policy	policy	NOUN
eistud-34325	33	4	question	question	NOUN
eistud-34325	33	5	was	be	AUX
eistud-34325	33	6	discussed	discuss	VERB
eistud-34325	33	7	already	already	ADV
eistud-34325	33	8	by	by	ADP
eistud-34325	33	9	feldstein	feldstein	NOUN
eistud-34325	33	10	(	(	PUNCT
eistud-34325	33	11	1977	1977	NUM
eistud-34325	33	12	)	)	PUNCT
eistud-34325	33	13	and	and	CCONJ
eistud-34325	33	14	later	later	ADV
eistud-34325	33	15	estimated	estimate	VERB
eistud-34325	33	16	by	by	ADP
eistud-34325	33	17	feldstein	feldstein	NOUN
eistud-34325	33	18	and	and	CCONJ
eistud-34325	33	19	summers	summer	NOUN
eistud-34325	33	20	(	(	PUNCT
eistud-34325	33	21	1977	1977	NUM
eistud-34325	33	22	)	)	PUNCT
eistud-34325	33	23	.	.	PUNCT
eistud-34325	34	1	when	when	SCONJ
eistud-34325	34	2	the	the	DET
eistud-34325	34	3	situation	situation	NOUN
eistud-34325	34	4	is	be	AUX
eistud-34325	34	5	analyzed	analyze	VERB
eistud-34325	34	6	from	from	ADP
eistud-34325	34	7	a	a	DET
eistud-34325	34	8	nation	nation	NOUN
eistud-34325	34	9	point	point	NOUN
eistud-34325	34	10	of	of	ADP
eistud-34325	34	11	view	view	NOUN
eistud-34325	34	12	,	,	PUNCT
eistud-34325	34	13	then	then	ADV
eistud-34325	34	14	the	the	DET
eistud-34325	34	15	underlying	underlie	VERB
eistud-34325	34	16	society	society	NOUN
eistud-34325	34	17	receives	receive	VERB
eistud-34325	34	18	the	the	DET
eistud-34325	34	19	whole	whole	ADJ
eistud-34325	34	20	mpc	mpc	NOUN
eistud-34325	34	21	,	,	PUNCT
eistud-34325	34	22	which	which	PRON
eistud-34325	34	23	is	be	AUX
eistud-34325	34	24	not	not	PART
eistud-34325	34	25	lowered	lower	VERB
eistud-34325	34	26	by	by	ADP
eistud-34325	34	27	taxes	taxis	NOUN
eistud-34325	34	28	on	on	ADP
eistud-34325	34	29	capital	capital	NOUN
eistud-34325	34	30	income	income	NOUN
eistud-34325	34	31	.	.	PUNCT
eistud-34325	35	1	therefore	therefore	ADV
eistud-34325	35	2	,	,	PUNCT
eistud-34325	35	3	as	as	SCONJ
eistud-34325	35	4	stated	state	VERB
eistud-34325	35	5	by	by	ADP
eistud-34325	35	6	feldstein	feldstein	NOUN
eistud-34325	35	7	and	and	CCONJ
eistud-34325	35	8	horioka	horioka	NOUN
eistud-34325	35	9	(	(	PUNCT
eistud-34325	35	10	1980	1980	NUM
eistud-34325	35	11	)	)	PUNCT
eistud-34325	35	12	,	,	PUNCT
eistud-34325	35	13	this	this	PRON
eistud-34325	35	14	is	be	AUX
eistud-34325	35	15	the	the	DET
eistud-34325	35	16	pretax	pretax	ADJ
eistud-34325	35	17	mpc	mpc	NOUN
eistud-34325	35	18	that	that	PRON
eistud-34325	35	19	influences	influence	VERB
eistud-34325	35	20	the	the	DET
eistud-34325	35	21	national	national	ADJ
eistud-34325	35	22	saving	saving	NOUN
eistud-34325	35	23	policy	policy	NOUN
eistud-34325	35	24	in	in	ADP
eistud-34325	35	25	a	a	DET
eistud-34325	35	26	close	close	ADJ
eistud-34325	35	27	economy	economy	NOUN
eistud-34325	35	28	case	case	NOUN
eistud-34325	35	29	.	.	PUNCT
eistud-34325	36	1	however	however	ADV
eistud-34325	36	2	,	,	PUNCT
eistud-34325	36	3	what	what	PRON
eistud-34325	36	4	should	should	AUX
eistud-34325	36	5	be	be	AUX
eistud-34325	36	6	the	the	DET
eistud-34325	36	7	guiding	guide	VERB
eistud-34325	36	8	rule	rule	NOUN
eistud-34325	36	9	for	for	ADP
eistud-34325	36	10	the	the	DET
eistud-34325	36	11	optimal	optimal	ADJ
eistud-34325	36	12	national	national	ADJ
eistud-34325	36	13	savings	saving	NOUN
eistud-34325	36	14	policy	policy	NOUN
eistud-34325	36	15	in	in	ADP
eistud-34325	36	16	the	the	DET
eistud-34325	36	17	eu	eu	PROPN
eistud-34325	36	18	,	,	PUNCT
eistud-34325	36	19	where	where	SCONJ
eistud-34325	36	20	(	(	PUNCT
eistud-34325	36	21	perfect	perfect	ADJ
eistud-34325	36	22	)	)	PUNCT
eistud-34325	36	23	intra	intra	ADJ
eistud-34325	36	24	-	-	ADJ
eistud-34325	36	25	union	union	ADJ
eistud-34325	36	26	capital	capital	NOUN
eistud-34325	36	27	mobility	mobility	NOUN
eistud-34325	36	28	is	be	AUX
eistud-34325	36	29	taken	take	VERB
eistud-34325	36	30	for	for	SCONJ
eistud-34325	36	31	granted	grant	VERB
eistud-34325	36	32	?	?	PUNCT
eistud-34325	37	1	would	would	AUX
eistud-34325	37	2	any	any	DET
eistud-34325	37	3	incremental	incremental	ADJ
eistud-34325	37	4	saving	saving	NOUN
eistud-34325	37	5	leave	leave	VERB
eistud-34325	37	6	the	the	DET
eistud-34325	37	7	home	home	NOUN
eistud-34325	37	8	country	country	NOUN
eistud-34325	37	9	,	,	PUNCT
eistud-34325	37	10	if	if	SCONJ
eistud-34325	37	11	the	the	DET
eistud-34325	37	12	country	country	NOUN
eistud-34325	37	13	is	be	AUX
eistud-34325	37	14	already	already	ADV
eistud-34325	37	15	exporting	export	VERB
eistud-34325	37	16	capital	capital	NOUN
eistud-34325	37	17	?	?	PUNCT
eistud-34325	38	1	alternatively	alternatively	ADV
eistud-34325	38	2	,	,	PUNCT
eistud-34325	38	3	would	would	AUX
eistud-34325	38	4	it	it	PRON
eistud-34325	38	5	replace	replace	VERB
eistud-34325	38	6	any	any	DET
eistud-34325	38	7	foreign	foreign	ADJ
eistud-34325	38	8	sources	source	NOUN
eistud-34325	38	9	of	of	ADP
eistud-34325	38	10	capital	capital	NOUN
eistud-34325	38	11	that	that	PRON
eistud-34325	38	12	would	would	AUX
eistud-34325	38	13	otherwise	otherwise	ADV
eistud-34325	38	14	be	be	AUX
eistud-34325	38	15	invested	invest	VERB
eistud-34325	38	16	in	in	ADP
eistud-34325	38	17	the	the	DET
eistud-34325	38	18	home	home	NOUN
eistud-34325	38	19	country	country	NOUN
eistud-34325	38	20	,	,	PUNCT
eistud-34325	38	21	if	if	SCONJ
eistud-34325	38	22	it	it	PRON
eistud-34325	38	23	is	be	AUX
eistud-34325	38	24	already	already	ADV
eistud-34325	38	25	importing	import	VERB
eistud-34325	38	26	foreign	foreign	ADJ
eistud-34325	38	27	capital	capital	NOUN
eistud-34325	38	28	?	?	PUNCT
eistud-34325	39	1	the	the	DET
eistud-34325	39	2	pattern	pattern	NOUN
eistud-34325	39	3	of	of	ADP
eistud-34325	39	4	debtors	debtor	NOUN
eistud-34325	39	5	and	and	CCONJ
eistud-34325	39	6	creditors	creditor	NOUN
eistud-34325	39	7	in	in	ADP
eistud-34325	39	8	the	the	DET
eistud-34325	39	9	eu	eu	PROPN
eistud-34325	39	10	was	be	AUX
eistud-34325	39	11	reported	report	VERB
eistud-34325	39	12	as	as	ADP
eistud-34325	39	13	stable	stable	ADJ
eistud-34325	39	14	by	by	ADP
eistud-34325	39	15	dugeliene	dugeliene	NOUN
eistud-34325	39	16	and	and	CCONJ
eistud-34325	39	17	mlodkowski	mlodkowski	NOUN
eistud-34325	39	18	(	(	PUNCT
eistud-34325	39	19	2014	2014	NUM
eistud-34325	39	20	)	)	PUNCT
eistud-34325	39	21	,	,	PUNCT
eistud-34325	39	22	based	base	VERB
eistud-34325	39	23	on	on	ADP
eistud-34325	39	24	post	post	NOUN
eistud-34325	39	25	2004	2004	NUM
eistud-34325	39	26	-	-	PUNCT
eistud-34325	39	27	time	time	NOUN
eistud-34325	39	28	series	series	NOUN
eistud-34325	39	29	.	.	PUNCT
eistud-34325	40	1	under	under	ADP
eistud-34325	40	2	perfect	perfect	ADJ
eistud-34325	40	3	international	international	ADJ
eistud-34325	40	4	capital	capital	NOUN
eistud-34325	40	5	mobility	mobility	NOUN
eistud-34325	40	6	(	(	PUNCT
eistud-34325	40	7	i.e.	i.e.	X
eistud-34325	40	8	as	as	SCONJ
eistud-34325	40	9	should	should	AUX
eistud-34325	40	10	be	be	AUX
eistud-34325	40	11	assumed	assume	VERB
eistud-34325	40	12	for	for	ADP
eistud-34325	40	13	eu	eu	PROPN
eistud-34325	40	14	member	member	PROPN
eistud-34325	40	15	states	states	PROPN
eistud-34325	40	16	)	)	PUNCT
eistud-34325	40	17	the	the	DET
eistud-34325	40	18	actual	actual	ADJ
eistud-34325	40	19	yield	yield	NOUN
eistud-34325	40	20	to	to	ADP
eistud-34325	40	21	the	the	DET
eistud-34325	40	22	home	home	NOUN
eistud-34325	40	23	country	country	NOUN
eistud-34325	40	24	of	of	ADP
eistud-34325	40	25	additional	additional	ADJ
eistud-34325	40	26	saving	saving	NOUN
eistud-34325	40	27	is	be	AUX
eistud-34325	40	28	the	the	DET
eistud-34325	40	29	net	net	NOUN
eistud-34325	40	30	-	-	PUNCT
eistud-34325	40	31	of	of	ADP
eistud-34325	40	32	-	-	PUNCT
eistud-34325	40	33	tax	tax	NOUN
eistud-34325	40	34	return	return	NOUN
eistud-34325	40	35	received	receive	VERB
eistud-34325	40	36	by	by	ADP
eistud-34325	40	37	the	the	DET
eistud-34325	40	38	investor	investor	NOUN
eistud-34325	40	39	,	,	PUNCT
eistud-34325	40	40	and	and	CCONJ
eistud-34325	40	41	not	not	PART
eistud-34325	40	42	the	the	DET
eistud-34325	40	43	previously	previously	ADV
eistud-34325	40	44	argued	argue	VERB
eistud-34325	40	45	pretax	pretax	ADJ
eistud-34325	40	46	mpc	mpc	PROPN
eistud-34325	40	47	,	,	PUNCT
eistud-34325	40	48	in	in	ADP
eistud-34325	40	49	the	the	DET
eistud-34325	40	50	closed	closed	ADJ
eistud-34325	40	51	economy	economy	NOUN
eistud-34325	40	52	case	case	NOUN
eistud-34325	40	53	.	.	PUNCT
eistud-34325	41	1	this	this	PRON
eistud-34325	41	2	is	be	AUX
eistud-34325	41	3	because	because	SCONJ
eistud-34325	41	4	,	,	PUNCT
eistud-34325	41	5	these	these	PRON
eistud-34325	41	6	are	be	AUX
eistud-34325	41	7	any	any	DET
eistud-34325	41	8	foreign	foreign	ADJ
eistud-34325	41	9	governments	government	NOUN
eistud-34325	41	10	,	,	PUNCT
eistud-34325	41	11	which	which	PRON
eistud-34325	41	12	benefit	benefit	VERB
eistud-34325	41	13	by	by	ADP
eistud-34325	41	14	obtaining	obtain	VERB
eistud-34325	41	15	additional	additional	ADJ
eistud-34325	41	16	capital	capital	NOUN
eistud-34325	41	17	-	-	PUNCT
eistud-34325	41	18	tax	tax	NOUN
eistud-34325	41	19	revenue	revenue	NOUN
eistud-34325	41	20	.	.	PUNCT
eistud-34325	42	1	the	the	DET
eistud-34325	42	2	other	other	ADJ
eistud-34325	42	3	situation	situation	NOUN
eistud-34325	42	4	,	,	PUNCT
eistud-34325	42	5	for	for	ADP
eistud-34325	42	6	importers	importer	NOUN
eistud-34325	42	7	of	of	ADP
eistud-34325	42	8	capital	capital	NOUN
eistud-34325	42	9	,	,	PUNCT
eistud-34325	42	10	is	be	AUX
eistud-34325	42	11	when	when	SCONJ
eistud-34325	42	12	additional	additional	ADJ
eistud-34325	42	13	saving	saving	NOUN
eistud-34325	42	14	domestically	domestically	ADV
eistud-34325	42	15	reduces	reduce	VERB
eistud-34325	42	16	capital	capital	NOUN
eistud-34325	42	17	imported	import	VERB
eistud-34325	42	18	.	.	PUNCT
eistud-34325	43	1	the	the	DET
eistud-34325	43	2	tax	tax	NOUN
eistud-34325	43	3	revenue	revenue	NOUN
eistud-34325	43	4	for	for	ADP
eistud-34325	43	5	home	home	NOUN
eistud-34325	43	6	country	country	NOUN
eistud-34325	43	7	government	government	NOUN
eistud-34325	43	8	will	will	AUX
eistud-34325	43	9	be	be	AUX
eistud-34325	43	10	the	the	DET
eistud-34325	43	11	same	same	ADJ
eistud-34325	43	12	,	,	PUNCT
eistud-34325	43	13	which	which	PRON
eistud-34325	43	14	means	mean	VERB
eistud-34325	43	15	that	that	SCONJ
eistud-34325	43	16	the	the	DET
eistud-34325	43	17	national	national	ADJ
eistud-34325	43	18	income	income	NOUN
eistud-34325	43	19	increases	increase	NOUN
eistud-34325	43	20	by	by	ADP
eistud-34325	43	21	the	the	DET
eistud-34325	43	22	after	after	ADP
eistud-34325	43	23	-	-	PUNCT
eistud-34325	43	24	tax	tax	NOUN
eistud-34325	43	25	yield	yield	NOUN
eistud-34325	43	26	received	receive	VERB
eistud-34325	43	27	by	by	ADP
eistud-34325	43	28	domestic	domestic	ADJ
eistud-34325	43	29	investors	investor	NOUN
eistud-34325	43	30	.	.	PUNCT
eistud-34325	44	1	optimal	optimal	ADJ
eistud-34325	44	2	savings	saving	NOUN
eistud-34325	44	3	policy	policy	NOUN
eistud-34325	44	4	,	,	PUNCT
eistud-34325	44	5	as	as	SCONJ
eistud-34325	44	6	argued	argue	VERB
eistud-34325	44	7	already	already	ADV
eistud-34325	44	8	by	by	ADP
eistud-34325	44	9	feldstein	feldstein	NOUN
eistud-34325	44	10	and	and	CCONJ
eistud-34325	44	11	horioka	horioka	NOUN
eistud-34325	44	12	(	(	PUNCT
eistud-34325	44	13	1980	1980	NUM
eistud-34325	44	14	)	)	PUNCT
eistud-34325	44	15	,	,	PUNCT
eistud-34325	44	16	depends	depend	VERB
eistud-34325	44	17	critically	critically	ADV
eistud-34325	44	18	on	on	ADP
eistud-34325	44	19	whether	whether	SCONJ
eistud-34325	44	20	the	the	DET
eistud-34325	44	21	actual	actual	ADJ
eistud-34325	44	22	situation	situation	NOUN
eistud-34325	44	23	is	be	AUX
eistud-34325	44	24	closer	close	ADJ
eistud-34325	44	25	to	to	ADP
eistud-34325	44	26	the	the	DET
eistud-34325	44	27	perfect	perfect	ADJ
eistud-34325	44	28	capital	capital	NOUN
eistud-34325	44	29	mobility	mobility	NOUN
eistud-34325	44	30	,	,	PUNCT
eistud-34325	44	31	or	or	CCONJ
eistud-34325	44	32	to	to	ADP
eistud-34325	44	33	the	the	DET
eistud-34325	44	34	closed	closed	ADJ
eistud-34325	44	35	economy	economy	NOUN
eistud-34325	44	36	case	case	NOUN
eistud-34325	44	37	.	.	PUNCT
eistud-34325	45	1	mobility	mobility	NOUN
eistud-34325	45	2	of	of	ADP
eistud-34325	45	3	capital	capital	NOUN
eistud-34325	45	4	seems	seem	VERB
eistud-34325	45	5	to	to	PART
eistud-34325	45	6	be	be	AUX
eistud-34325	45	7	vital	vital	ADJ
eistud-34325	45	8	for	for	ADP
eistud-34325	45	9	any	any	DET
eistud-34325	45	10	extensions	extension	NOUN
eistud-34325	45	11	for	for	ADP
eistud-34325	45	12	tax	tax	NOUN
eistud-34325	45	13	burden	burden	NOUN
eistud-34325	45	14	distribution	distribution	NOUN
eistud-34325	45	15	.	.	PUNCT
eistud-34325	46	1	the	the	DET
eistud-34325	46	2	early	early	ADJ
eistud-34325	46	3	studies	study	NOUN
eistud-34325	46	4	on	on	ADP
eistud-34325	46	5	public	public	ADJ
eistud-34325	46	6	finance	finance	NOUN
eistud-34325	46	7	in	in	ADP
eistud-34325	46	8	the	the	DET
eistud-34325	46	9	bretton	bretton	PROPN
eistud-34325	46	10	woods	woods	PROPN
eistud-34325	46	11	times	time	NOUN
eistud-34325	46	12	of	of	ADP
eistud-34325	46	13	low	low	ADJ
eistud-34325	46	14	,	,	PUNCT
eistud-34325	46	15	or	or	CCONJ
eistud-34325	46	16	no	no	DET
eistud-34325	46	17	capital	capital	NOUN
eistud-34325	46	18	mobility	mobility	NOUN
eistud-34325	46	19	in	in	ADP
eistud-34325	46	20	the	the	DET
eistud-34325	46	21	global	global	ADJ
eistud-34325	46	22	economy	economy	NOUN
eistud-34325	46	23	(	(	PUNCT
eistud-34325	46	24	harberger	harberger	NOUN
eistud-34325	46	25	1962	1962	NUM
eistud-34325	46	26	,	,	PUNCT
eistud-34325	46	27	shoven	shoven	NOUN
eistud-34325	46	28	and	and	CCONJ
eistud-34325	46	29	whalley	whalley	NOUN
eistud-34325	46	30	1972	1972	NUM
eistud-34325	46	31	,	,	PUNCT
eistud-34325	46	32	and	and	CCONJ
eistud-34325	46	33	miezkowski	miezkowski	PROPN
eistud-34325	46	34	1969	1969	NUM
eistud-34325	46	35	)	)	PUNCT
eistud-34325	46	36	assumed	assume	VERB
eistud-34325	46	37	a	a	DET
eistud-34325	46	38	closed	closed	ADJ
eistud-34325	46	39	economy	economy	NOUN
eistud-34325	46	40	for	for	ADP
eistud-34325	46	41	static	static	ADJ
eistud-34325	46	42	and	and	CCONJ
eistud-34325	46	43	dynamic	dynamic	ADJ
eistud-34325	46	44	analysis	analysis	NOUN
eistud-34325	46	45	.	.	PUNCT
eistud-34325	47	1	globalization	globalization	NOUN
eistud-34325	47	2	and	and	CCONJ
eistud-34325	47	3	regional	regional	ADJ
eistud-34325	47	4	economic	economic	ADJ
eistud-34325	47	5	integration	integration	NOUN
eistud-34325	47	6	changed	change	VERB
eistud-34325	47	7	this	this	DET
eistud-34325	47	8	feature	feature	NOUN
eistud-34325	47	9	greatly	greatly	ADV
eistud-34325	47	10	.	.	PUNCT
eistud-34325	48	1	on	on	ADP
eistud-34325	48	2	one	one	NUM
eistud-34325	48	3	hand	hand	NOUN
eistud-34325	48	4	,	,	PUNCT
eistud-34325	48	5	economic	economic	ADJ
eistud-34325	48	6	and	and	CCONJ
eistud-34325	48	7	monetary	monetary	ADJ
eistud-34325	48	8	integration	integration	NOUN
eistud-34325	48	9	introduced	introduce	VERB
eistud-34325	48	10	and	and	CCONJ
eistud-34325	48	11	facilitated	facilitate	VERB
eistud-34325	48	12	intra	intra	ADJ
eistud-34325	48	13	-	-	ADJ
eistud-34325	48	14	union	union	ADJ
eistud-34325	48	15	capital	capital	NOUN
eistud-34325	48	16	mobility	mobility	NOUN
eistud-34325	48	17	.	.	PUNCT
eistud-34325	49	1	on	on	ADP
eistud-34325	49	2	the	the	DET
eistud-34325	49	3	other	other	ADJ
eistud-34325	49	4	hand	hand	NOUN
eistud-34325	49	5	,	,	PUNCT
eistud-34325	49	6	globalization	globalization	NOUN
eistud-34325	49	7	stimulated	stimulate	VERB
eistud-34325	49	8	(	(	PUNCT
eistud-34325	49	9	and	and	CCONJ
eistud-34325	49	10	was	be	AUX
eistud-34325	49	11	stimulated	stimulate	VERB
eistud-34325	49	12	by	by	ADP
eistud-34325	49	13	)	)	PUNCT
eistud-34325	49	14	far	far	ADV
eistud-34325	49	15	-	-	PUNCT
eistud-34325	49	16	reaching	reach	VERB
eistud-34325	49	17	liberalization	liberalization	NOUN
eistud-34325	49	18	of	of	ADP
eistud-34325	49	19	financial	financial	ADJ
eistud-34325	49	20	and	and	CCONJ
eistud-34325	49	21	capital	capital	NOUN
eistud-34325	49	22	account	account	NOUN
eistud-34325	49	23	of	of	ADP
eistud-34325	49	24	the	the	DET
eistud-34325	49	25	balance	balance	NOUN
eistud-34325	49	26	of	of	ADP
eistud-34325	49	27	payments	payment	NOUN
eistud-34325	49	28	of	of	ADP
eistud-34325	49	29	most	most	ADJ
eistud-34325	49	30	countries	country	NOUN
eistud-34325	49	31	in	in	ADP
eistud-34325	49	32	the	the	DET
eistud-34325	49	33	world	world	NOUN
eistud-34325	49	34	.	.	PUNCT
eistud-34325	50	1	what	what	PRON
eistud-34325	50	2	are	be	AUX
eistud-34325	50	3	actual	actual	ADJ
eistud-34325	50	4	consequences	consequence	NOUN
eistud-34325	50	5	for	for	ADP
eistud-34325	50	6	any	any	DET
eistud-34325	50	7	theoretical	theoretical	ADJ
eistud-34325	50	8	analysis	analysis	NOUN
eistud-34325	50	9	of	of	ADP
eistud-34325	50	10	savings	saving	NOUN
eistud-34325	50	11	,	,	PUNCT
eistud-34325	50	12	distribution	distribution	NOUN
eistud-34325	50	13	of	of	ADP
eistud-34325	50	14	tax	tax	NOUN
eistud-34325	50	15	burden	burden	NOUN
eistud-34325	50	16	and	and	CCONJ
eistud-34325	50	17	international	international	ADJ
eistud-34325	50	18	capital	capital	NOUN
eistud-34325	50	19	flows	flow	VERB
eistud-34325	50	20	?	?	PUNCT
eistud-34325	51	1	in	in	ADP
eistud-34325	51	2	a	a	DET
eistud-34325	51	3	closed	closed	ADJ
eistud-34325	51	4	economy	economy	NOUN
eistud-34325	51	5	model	model	NOUN
eistud-34325	51	6	operating	operate	VERB
eistud-34325	51	7	with	with	ADP
eistud-34325	51	8	a	a	DET
eistud-34325	51	9	fixed	fix	VERB
eistud-34325	51	10	stock	stock	NOUN
eistud-34325	51	11	of	of	ADP
eistud-34325	51	12	capital	capital	NOUN
eistud-34325	51	13	,	,	PUNCT
eistud-34325	51	14	any	any	DET
eistud-34325	51	15	taxes	taxis	NOUN
eistud-34325	51	16	on	on	ADP
eistud-34325	51	17	the	the	DET
eistud-34325	51	18	income	income	NOUN
eistud-34325	51	19	of	of	ADP
eistud-34325	51	20	all	all	DET
eistud-34325	51	21	capital	capital	NOUN
eistud-34325	51	22	used	use	VERB
eistud-34325	51	23	in	in	ADP
eistud-34325	51	24	production	production	NOUN
eistud-34325	51	25	is	be	AUX
eistud-34325	51	26	borne	bear	VERB
eistud-34325	51	27	in	in	ADP
eistud-34325	51	28	full	full	ADJ
eistud-34325	51	29	by	by	ADP
eistud-34325	51	30	domestic	domestic	ADJ
eistud-34325	51	31	owners	owner	NOUN
eistud-34325	51	32	of	of	ADP
eistud-34325	51	33	capital	capital	NOUN
eistud-34325	51	34	.	.	PUNCT
eistud-34325	52	1	under	under	ADP
eistud-34325	52	2	perfect	perfect	ADJ
eistud-34325	52	3	capital	capital	NOUN
eistud-34325	52	4	mobility	mobility	NOUN
eistud-34325	52	5	,	,	PUNCT
eistud-34325	52	6	when	when	SCONJ
eistud-34325	52	7	domestic	domestic	ADJ
eistud-34325	52	8	savings	saving	NOUN
eistud-34325	52	9	can	can	AUX
eistud-34325	52	10	seek	seek	VERB
eistud-34325	52	11	a	a	DET
eistud-34325	52	12	higher	high	ADJ
eistud-34325	52	13	yield	yield	NOUN
eistud-34325	52	14	within	within	ADP
eistud-34325	52	15	the	the	DET
eistud-34325	52	16	eu	eu	PROPN
eistud-34325	52	17	,	,	PUNCT
eistud-34325	52	18	or	or	CCONJ
eistud-34325	52	19	globally	globally	ADV
eistud-34325	52	20	,	,	PUNCT
eistud-34325	52	21	the	the	DET
eistud-34325	52	22	tax	tax	NOUN
eistud-34325	52	23	burden	burden	NOUN
eistud-34325	52	24	could	could	AUX
eistud-34325	52	25	be	be	AUX
eistud-34325	52	26	shifted	shift	VERB
eistud-34325	52	27	to	to	ADP
eistud-34325	52	28	domestic	domestic	ADJ
eistud-34325	52	29	labor	labor	NOUN
eistud-34325	52	30	and	and	CCONJ
eistud-34325	52	31	to	to	ADP
eistud-34325	52	32	foreign	foreign	ADJ
eistud-34325	52	33	capital	capital	NOUN
eistud-34325	52	34	owners	owner	NOUN
eistud-34325	52	35	provideuropean	provideuropean	NOUN
eistud-34325	52	36	integrat	integrat	NOUN
eistud-34325	52	37	ion	ion	NOUN
eistud-34325	52	38	studies2023/17	studies2023/17	NOUN
eistud-34325	52	39	110	110	NUM
eistud-34325	52	40	ing	e	VERB
eistud-34325	52	41	it	it	PRON
eistud-34325	52	42	to	to	ADP
eistud-34325	52	43	the	the	DET
eistud-34325	52	44	home	home	NOUN
eistud-34325	52	45	economy	economy	NOUN
eistud-34325	52	46	(	(	PUNCT
eistud-34325	52	47	mclure	mclure	NOUN
eistud-34325	52	48	1976	1976	NUM
eistud-34325	52	49	)	)	PUNCT
eistud-34325	52	50	.	.	PUNCT
eistud-34325	53	1	this	this	PRON
eistud-34325	53	2	means	mean	VERB
eistud-34325	53	3	that	that	SCONJ
eistud-34325	53	4	cit	cit	PROPN
eistud-34325	53	5	would	would	AUX
eistud-34325	53	6	be	be	AUX
eistud-34325	53	7	borne	bear	VERB
eistud-34325	53	8	much	much	ADV
eistud-34325	53	9	less	less	ADJ
eistud-34325	53	10	by	by	ADP
eistud-34325	53	11	capital	capital	NOUN
eistud-34325	53	12	owners	owner	NOUN
eistud-34325	53	13	,	,	PUNCT
eistud-34325	53	14	and	and	CCONJ
eistud-34325	53	15	more	more	ADJ
eistud-34325	53	16	by	by	ADP
eistud-34325	53	17	domestic	domestic	ADJ
eistud-34325	53	18	labor	labor	NOUN
eistud-34325	53	19	to	to	ADP
eistud-34325	53	20	the	the	DET
eistud-34325	53	21	extent	extent	NOUN
eistud-34325	53	22	that	that	SCONJ
eistud-34325	53	23	capital	capital	NOUN
eistud-34325	53	24	is	be	AUX
eistud-34325	53	25	mobile	mobile	ADJ
eistud-34325	53	26	across	across	ADP
eistud-34325	53	27	national	national	ADJ
eistud-34325	53	28	boundaries	boundary	NOUN
eistud-34325	53	29	within	within	ADP
eistud-34325	53	30	the	the	DET
eistud-34325	53	31	eu	eu	PROPN
eistud-34325	53	32	,	,	PUNCT
eistud-34325	53	33	or	or	CCONJ
eistud-34325	53	34	globally	globally	ADV
eistud-34325	53	35	.	.	PUNCT
eistud-34325	54	1	if	if	SCONJ
eistud-34325	54	2	the	the	DET
eistud-34325	54	3	capital	capital	NOUN
eistud-34325	54	4	can	can	AUX
eistud-34325	54	5	escape	escape	VERB
eistud-34325	54	6	abroad	abroad	ADV
eistud-34325	54	7	from	from	ADP
eistud-34325	54	8	the	the	DET
eistud-34325	54	9	home	home	NOUN
eistud-34325	54	10	country	country	NOUN
eistud-34325	54	11	,	,	PUNCT
eistud-34325	54	12	this	this	PRON
eistud-34325	54	13	reduces	reduce	VERB
eistud-34325	54	14	domestic	domestic	ADJ
eistud-34325	54	15	labor	labor	NOUN
eistud-34325	54	16	ability	ability	NOUN
eistud-34325	54	17	to	to	PART
eistud-34325	54	18	shift	shift	VERB
eistud-34325	54	19	a	a	DET
eistud-34325	54	20	tax	tax	NOUN
eistud-34325	54	21	on	on	ADP
eistud-34325	54	22	labor	labor	NOUN
eistud-34325	54	23	income	income	NOUN
eistud-34325	54	24	to	to	ADP
eistud-34325	54	25	domestic	domestic	ADJ
eistud-34325	54	26	owners	owner	NOUN
eistud-34325	54	27	of	of	ADP
eistud-34325	54	28	capital	capital	NOUN
eistud-34325	54	29	by	by	ADP
eistud-34325	54	30	the	the	DET
eistud-34325	54	31	means	mean	NOUN
eistud-34325	54	32	of	of	ADP
eistud-34325	54	33	reducing	reduce	VERB
eistud-34325	54	34	labor	labor	NOUN
eistud-34325	54	35	supply	supply	NOUN
eistud-34325	54	36	.	.	PUNCT
eistud-34325	55	1	if	if	SCONJ
eistud-34325	55	2	there	there	PRON
eistud-34325	55	3	is	be	VERB
eistud-34325	55	4	a	a	DET
eistud-34325	55	5	perfect	perfect	ADJ
eistud-34325	55	6	capital	capital	NOUN
eistud-34325	55	7	mobility	mobility	NOUN
eistud-34325	55	8	in	in	ADP
eistud-34325	55	9	the	the	DET
eistud-34325	55	10	world	world	NOUN
eistud-34325	55	11	these	these	DET
eistud-34325	55	12	days	day	NOUN
eistud-34325	55	13	(	(	PUNCT
eistud-34325	55	14	as	as	ADP
eistud-34325	55	15	of	of	ADP
eistud-34325	55	16	2022	2022	NUM
eistud-34325	55	17	)	)	PUNCT
eistud-34325	55	18	,	,	PUNCT
eistud-34325	55	19	it	it	PRON
eistud-34325	55	20	would	would	AUX
eistud-34325	55	21	imply	imply	VERB
eistud-34325	55	22	a	a	DET
eistud-34325	55	23	major	major	ADJ
eistud-34325	55	24	revision	revision	NOUN
eistud-34325	55	25	of	of	ADP
eistud-34325	55	26	theories	theory	NOUN
eistud-34325	55	27	of	of	ADP
eistud-34325	55	28	tax	tax	NOUN
eistud-34325	55	29	burden	burden	NOUN
eistud-34325	55	30	.	.	PUNCT
eistud-34325	56	1	the	the	DET
eistud-34325	56	2	focus	focus	NOUN
eistud-34325	56	3	of	of	ADP
eistud-34325	56	4	the	the	DET
eistud-34325	56	5	current	current	ADJ
eistud-34325	56	6	study	study	NOUN
eistud-34325	56	7	is	be	AUX
eistud-34325	56	8	on	on	ADP
eistud-34325	56	9	contemporary	contemporary	ADJ
eistud-34325	56	10	international	international	ADJ
eistud-34325	56	11	capital	capital	NOUN
eistud-34325	56	12	flows	flow	VERB
eistud-34325	56	13	,	,	PUNCT
eistud-34325	56	14	and	and	CCONJ
eistud-34325	56	15	their	their	PRON
eistud-34325	56	16	impact	impact	NOUN
eistud-34325	56	17	on	on	ADP
eistud-34325	56	18	equating	equate	VERB
eistud-34325	56	19	net	net	NOUN
eistud-34325	56	20	-	-	PUNCT
eistud-34325	56	21	of	of	ADP
eistud-34325	56	22	-	-	PUNCT
eistud-34325	56	23	tax	tax	NOUN
eistud-34325	56	24	yields	yield	NOUN
eistud-34325	56	25	within	within	ADP
eistud-34325	56	26	the	the	DET
eistud-34325	56	27	eu	eu	PROPN
eistud-34325	56	28	.	.	PUNCT
eistud-34325	57	1	there	there	PRON
eistud-34325	57	2	is	be	VERB
eistud-34325	57	3	no	no	DET
eistud-34325	57	4	question	question	NOUN
eistud-34325	57	5	that	that	SCONJ
eistud-34325	57	6	there	there	PRON
eistud-34325	57	7	is	be	VERB
eistud-34325	57	8	a	a	DET
eistud-34325	57	9	very	very	ADV
eistud-34325	57	10	rapid	rapid	ADJ
eistud-34325	57	11	reaction	reaction	NOUN
eistud-34325	57	12	of	of	ADP
eistud-34325	57	13	liquid	liquid	ADJ
eistud-34325	57	14	capital	capital	NOUN
eistud-34325	57	15	to	to	ADP
eistud-34325	57	16	any	any	DET
eistud-34325	57	17	short	short	ADJ
eistud-34325	57	18	-	-	PUNCT
eistud-34325	57	19	term	term	NOUN
eistud-34325	57	20	international	international	ADJ
eistud-34325	57	21	yield	yield	NOUN
eistud-34325	57	22	differentials	differential	NOUN
eistud-34325	57	23	.	.	PUNCT
eistud-34325	58	1	this	this	DET
eistud-34325	58	2	feature	feature	NOUN
eistud-34325	58	3	of	of	ADP
eistud-34325	58	4	the	the	DET
eistud-34325	58	5	global	global	ADJ
eistud-34325	58	6	financial	financial	ADJ
eistud-34325	58	7	system	system	NOUN
eistud-34325	58	8	was	be	AUX
eistud-34325	58	9	reported	report	VERB
eistud-34325	58	10	already	already	ADV
eistud-34325	58	11	in	in	ADP
eistud-34325	58	12	the	the	DET
eistud-34325	58	13	first	first	ADJ
eistud-34325	58	14	post	post	ADJ
eistud-34325	58	15	-	-	ADJ
eistud-34325	58	16	bretton	bretton	ADJ
eistud-34325	58	17	wood	wood	NOUN
eistud-34325	58	18	period	period	NOUN
eistud-34325	58	19	,	,	PUNCT
eistud-34325	58	20	in	in	ADP
eistud-34325	58	21	1970s	1970s	NUM
eistud-34325	58	22	(	(	PUNCT
eistud-34325	58	23	feldstein	feldstein	NOUN
eistud-34325	58	24	and	and	CCONJ
eistud-34325	58	25	horioka	horioka	NOUN
eistud-34325	58	26	1980	1980	NUM
eistud-34325	58	27	)	)	PUNCT
eistud-34325	58	28	.	.	PUNCT
eistud-34325	59	1	modernization	modernization	NOUN
eistud-34325	59	2	of	of	ADP
eistud-34325	59	3	trading	trading	NOUN
eistud-34325	59	4	platforms	platform	NOUN
eistud-34325	59	5	,	,	PUNCT
eistud-34325	59	6	and	and	CCONJ
eistud-34325	59	7	amazing	amazing	ADJ
eistud-34325	59	8	development	development	NOUN
eistud-34325	59	9	of	of	ADP
eistud-34325	59	10	ict	ict	PROPN
eistud-34325	59	11	,	,	PUNCT
eistud-34325	59	12	since	since	SCONJ
eistud-34325	59	13	then	then	ADV
eistud-34325	59	14	,	,	PUNCT
eistud-34325	59	15	contributed	contribute	VERB
eistud-34325	59	16	to	to	ADP
eistud-34325	59	17	higher	high	ADJ
eistud-34325	59	18	market	market	NOUN
eistud-34325	59	19	efficiency	efficiency	NOUN
eistud-34325	59	20	.	.	PUNCT
eistud-34325	60	1	any	any	DET
eistud-34325	60	2	arbitrage	arbitrage	NOUN
eistud-34325	60	3	opportunities	opportunity	NOUN
eistud-34325	60	4	popping	pop	VERB
eistud-34325	60	5	out	out	ADP
eistud-34325	60	6	in	in	ADP
eistud-34325	60	7	markets	market	NOUN
eistud-34325	60	8	of	of	ADP
eistud-34325	60	9	short	short	ADJ
eistud-34325	60	10	-	-	PUNCT
eistud-34325	60	11	term	term	NOUN
eistud-34325	60	12	securities	security	NOUN
eistud-34325	60	13	disappear	disappear	VERB
eistud-34325	60	14	these	these	DET
eistud-34325	60	15	days	day	NOUN
eistud-34325	60	16	within	within	ADP
eistud-34325	60	17	seconds	second	NOUN
eistud-34325	60	18	.	.	PUNCT
eistud-34325	61	1	is	be	AUX
eistud-34325	61	2	there	there	PRON
eistud-34325	61	3	a	a	DET
eistud-34325	61	4	similar	similar	ADJ
eistud-34325	61	5	mechanism	mechanism	NOUN
eistud-34325	61	6	for	for	ADP
eistud-34325	61	7	expected	expect	VERB
eistud-34325	61	8	real	real	ADJ
eistud-34325	61	9	,	,	PUNCT
eistud-34325	61	10	net	net	NOUN
eistud-34325	61	11	-	-	PUNCT
eistud-34325	61	12	of	of	ADP
eistud-34325	61	13	-	-	PUNCT
eistud-34325	61	14	tax	tax	NOUN
eistud-34325	61	15	yields	yield	NOUN
eistud-34325	61	16	on	on	ADP
eistud-34325	61	17	long	long	ADJ
eistud-34325	61	18	-	-	PUNCT
eistud-34325	61	19	term	term	NOUN
eistud-34325	61	20	portfolio	portfolio	NOUN
eistud-34325	61	21	capital	capital	NOUN
eistud-34325	61	22	or	or	CCONJ
eistud-34325	61	23	direct	direct	ADJ
eistud-34325	61	24	investments	investment	NOUN
eistud-34325	61	25	?	?	PUNCT
eistud-34325	62	1	if	if	SCONJ
eistud-34325	62	2	there	there	PRON
eistud-34325	62	3	is	be	VERB
eistud-34325	62	4	no	no	DET
eistud-34325	62	5	such	such	ADJ
eistud-34325	62	6	equalization	equalization	NOUN
eistud-34325	62	7	effect	effect	NOUN
eistud-34325	62	8	by	by	ADP
eistud-34325	62	9	the	the	DET
eistud-34325	62	10	means	mean	NOUN
eistud-34325	62	11	of	of	ADP
eistud-34325	62	12	the	the	DET
eistud-34325	62	13	flows	flow	NOUN
eistud-34325	62	14	of	of	ADP
eistud-34325	62	15	the	the	DET
eistud-34325	62	16	long	long	ADJ
eistud-34325	62	17	-	-	PUNCT
eistud-34325	62	18	term	term	NOUN
eistud-34325	62	19	capital	capital	NOUN
eistud-34325	62	20	,	,	PUNCT
eistud-34325	62	21	this	this	PRON
eistud-34325	62	22	would	would	AUX
eistud-34325	62	23	represent	represent	VERB
eistud-34325	62	24	a	a	DET
eistud-34325	62	25	failure	failure	NOUN
eistud-34325	62	26	to	to	PART
eistud-34325	62	27	exploit	exploit	VERB
eistud-34325	62	28	available	available	ADJ
eistud-34325	62	29	opportunities	opportunity	NOUN
eistud-34325	62	30	for	for	ADP
eistud-34325	62	31	profit	profit	NOUN
eistud-34325	62	32	.	.	PUNCT
eistud-34325	63	1	at	at	ADP
eistud-34325	63	2	the	the	DET
eistud-34325	63	3	end	end	NOUN
eistud-34325	63	4	of	of	ADP
eistud-34325	63	5	1970s	1970	NOUN
eistud-34325	63	6	,	,	PUNCT
eistud-34325	63	7	there	there	PRON
eistud-34325	63	8	was	be	VERB
eistud-34325	63	9	much	much	ADJ
eistud-34325	63	10	skepticism	skepticism	NOUN
eistud-34325	63	11	about	about	ADP
eistud-34325	63	12	this	this	DET
eistud-34325	63	13	kind	kind	NOUN
eistud-34325	63	14	of	of	ADP
eistud-34325	63	15	long	long	ADJ
eistud-34325	63	16	-	-	PUNCT
eistud-34325	63	17	term	term	NOUN
eistud-34325	63	18	arbitrage	arbitrage	NOUN
eistud-34325	63	19	.	.	PUNCT
eistud-34325	64	1	what	what	PRON
eistud-34325	64	2	seems	seem	VERB
eistud-34325	64	3	to	to	PART
eistud-34325	64	4	be	be	AUX
eistud-34325	64	5	the	the	DET
eistud-34325	64	6	situation	situation	NOUN
eistud-34325	64	7	today	today	NOUN
eistud-34325	64	8	?	?	PUNCT
eistud-34325	65	1	this	this	DET
eistud-34325	65	2	empirical	empirical	ADJ
eistud-34325	65	3	investigation	investigation	NOUN
eistud-34325	65	4	is	be	AUX
eistud-34325	65	5	an	an	DET
eistud-34325	65	6	attempt	attempt	NOUN
eistud-34325	65	7	to	to	PART
eistud-34325	65	8	shed	shed	VERB
eistud-34325	65	9	light	light	NOUN
eistud-34325	65	10	on	on	ADP
eistud-34325	65	11	this	this	DET
eistud-34325	65	12	matter	matter	NOUN
eistud-34325	65	13	with	with	ADP
eistud-34325	65	14	focus	focus	NOUN
eistud-34325	65	15	on	on	ADP
eistud-34325	65	16	the	the	DET
eistud-34325	65	17	eu	eu	PROPN
eistud-34325	65	18	member	member	NOUN
eistud-34325	65	19	states	state	NOUN
eistud-34325	65	20	,	,	PUNCT
eistud-34325	65	21	eu	eu	PROPN
eistud-34325	65	22	capital	capital	NOUN
eistud-34325	65	23	gain	gain	VERB
eistud-34325	65	24	tax	tax	NOUN
eistud-34325	65	25	incidence	incidence	NOUN
eistud-34325	65	26	,	,	PUNCT
eistud-34325	65	27	and	and	CCONJ
eistud-34325	65	28	actual	actual	ADJ
eistud-34325	65	29	capital	capital	NOUN
eistud-34325	65	30	mobility	mobility	NOUN
eistud-34325	65	31	within	within	ADP
eistud-34325	65	32	the	the	DET
eistud-34325	65	33	eu	eu	PROPN
eistud-34325	65	34	,	,	PUNCT
eistud-34325	65	35	and	and	CCONJ
eistud-34325	65	36	globally	globally	ADV
eistud-34325	65	37	.	.	PUNCT
eistud-34325	66	1	extreme	extreme	ADJ
eistud-34325	66	2	form	form	NOUN
eistud-34325	66	3	of	of	ADP
eistud-34325	66	4	portfolio	portfolio	NOUN
eistud-34325	66	5	theory	theory	NOUN
eistud-34325	66	6	of	of	ADP
eistud-34325	66	7	investment	investment	NOUN
eistud-34325	66	8	assumes	assume	VERB
eistud-34325	66	9	that	that	SCONJ
eistud-34325	66	10	under	under	ADP
eistud-34325	66	11	free	free	ADJ
eistud-34325	66	12	intra	intra	ADJ
eistud-34325	66	13	-	-	ADJ
eistud-34325	66	14	union	union	ADJ
eistud-34325	66	15	and	and	CCONJ
eistud-34325	66	16	international	international	ADJ
eistud-34325	66	17	capital	capital	NOUN
eistud-34325	66	18	mobility	mobility	NOUN
eistud-34325	66	19	,	,	PUNCT
eistud-34325	66	20	capital	capital	NOUN
eistud-34325	66	21	will	will	AUX
eistud-34325	66	22	flow	flow	VERB
eistud-34325	66	23	to	to	ADP
eistud-34325	66	24	the	the	DET
eistud-34325	66	25	highest	high	ADJ
eistud-34325	66	26	yielding	yielding	ADJ
eistud-34325	66	27	opportunity	opportunity	NOUN
eistud-34325	66	28	.	.	PUNCT
eistud-34325	67	1	because	because	SCONJ
eistud-34325	67	2	country	country	NOUN
eistud-34325	67	3	-	-	PUNCT
eistud-34325	67	4	specific	specific	ADJ
eistud-34325	67	5	risk	risk	NOUN
eistud-34325	67	6	factors	factor	NOUN
eistud-34325	67	7	and	and	CCONJ
eistud-34325	67	8	risk	risk	NOUN
eistud-34325	67	9	of	of	ADP
eistud-34325	67	10	investing	invest	VERB
eistud-34325	67	11	in	in	ADP
eistud-34325	67	12	currencies	currency	NOUN
eistud-34325	67	13	are	be	AUX
eistud-34325	67	14	not	not	PART
eistud-34325	67	15	perfectly	perfectly	ADV
eistud-34325	67	16	correlated	correlate	VERB
eistud-34325	67	17	,	,	PUNCT
eistud-34325	67	18	international	international	ADJ
eistud-34325	67	19	investors	investor	NOUN
eistud-34325	67	20	prefer	prefer	VERB
eistud-34325	67	21	portfolios	portfolio	NOUN
eistud-34325	67	22	of	of	ADP
eistud-34325	67	23	instruments	instrument	NOUN
eistud-34325	67	24	,	,	PUNCT
eistud-34325	67	25	which	which	PRON
eistud-34325	67	26	expected	expect	VERB
eistud-34325	67	27	rate	rate	NOUN
eistud-34325	67	28	of	of	ADP
eistud-34325	67	29	return	return	NOUN
eistud-34325	67	30	is	be	AUX
eistud-34325	67	31	not	not	PART
eistud-34325	67	32	the	the	DET
eistud-34325	67	33	same	same	ADJ
eistud-34325	67	34	.	.	PUNCT
eistud-34325	68	1	there	there	PRON
eistud-34325	68	2	are	be	VERB
eistud-34325	68	3	also	also	ADV
eistud-34325	68	4	domestic	domestic	ADJ
eistud-34325	68	5	investors	investor	NOUN
eistud-34325	68	6	,	,	PUNCT
eistud-34325	68	7	who	who	PRON
eistud-34325	68	8	refrain	refrain	VERB
eistud-34325	68	9	from	from	ADP
eistud-34325	68	10	foreign	foreign	ADJ
eistud-34325	68	11	investment	investment	NOUN
eistud-34325	68	12	,	,	PUNCT
eistud-34325	68	13	discouraged	discourage	VERB
eistud-34325	68	14	by	by	ADP
eistud-34325	68	15	their	their	PRON
eistud-34325	68	16	exacerbated	exacerbate	VERB
eistud-34325	68	17	perception	perception	NOUN
eistud-34325	68	18	of	of	ADP
eistud-34325	68	19	risks	risk	NOUN
eistud-34325	68	20	involved	involve	VERB
eistud-34325	68	21	in	in	ADP
eistud-34325	68	22	employing	employ	VERB
eistud-34325	68	23	their	their	PRON
eistud-34325	68	24	capital	capital	NOUN
eistud-34325	68	25	abroad	abroad	ADV
eistud-34325	68	26	.	.	PUNCT
eistud-34325	69	1	traditionally	traditionally	ADV
eistud-34325	69	2	,	,	PUNCT
eistud-34325	69	3	this	this	DET
eistud-34325	69	4	kind	kind	NOUN
eistud-34325	69	5	of	of	ADP
eistud-34325	69	6	behavior	behavior	NOUN
eistud-34325	69	7	has	have	AUX
eistud-34325	69	8	been	be	AUX
eistud-34325	69	9	associated	associate	VERB
eistud-34325	69	10	with	with	ADP
eistud-34325	69	11	longer	long	ADJ
eistud-34325	69	12	-	-	PUNCT
eistud-34325	69	13	term	term	NOUN
eistud-34325	69	14	and	and	CCONJ
eistud-34325	69	15	therefore	therefore	ADV
eistud-34325	69	16	,	,	PUNCT
eistud-34325	69	17	less	less	ADV
eistud-34325	69	18	liquid	liquid	ADJ
eistud-34325	69	19	investments	investment	NOUN
eistud-34325	69	20	.	.	PUNCT
eistud-34325	70	1	this	this	PRON
eistud-34325	70	2	is	be	AUX
eistud-34325	70	3	the	the	DET
eistud-34325	70	4	reason	reason	NOUN
eistud-34325	70	5	for	for	ADP
eistud-34325	70	6	an	an	DET
eistud-34325	70	7	assumption	assumption	NOUN
eistud-34325	70	8	about	about	ADP
eistud-34325	70	9	lower	low	ADJ
eistud-34325	70	10	long	long	ADJ
eistud-34325	70	11	-	-	PUNCT
eistud-34325	70	12	term	term	NOUN
eistud-34325	70	13	capital	capital	NOUN
eistud-34325	70	14	mobility	mobility	NOUN
eistud-34325	70	15	and	and	CCONJ
eistud-34325	70	16	its	its	PRON
eistud-34325	70	17	consistence	consistence	NOUN
eistud-34325	70	18	with	with	ADP
eistud-34325	70	19	short	short	ADJ
eistud-34325	70	20	-	-	PUNCT
eistud-34325	70	21	term	term	NOUN
eistud-34325	70	22	liquid	liquid	ADJ
eistud-34325	70	23	asset	asset	NOUN
eistud-34325	70	24	arbitrage	arbitrage	NOUN
eistud-34325	70	25	.	.	PUNCT
eistud-34325	71	1	there	there	PRON
eistud-34325	71	2	is	be	VERB
eistud-34325	71	3	a	a	DET
eistud-34325	71	4	possibility	possibility	NOUN
eistud-34325	71	5	that	that	SCONJ
eistud-34325	71	6	even	even	ADV
eistud-34325	71	7	without	without	ADP
eistud-34325	71	8	long	long	ADJ
eistud-34325	71	9	-	-	PUNCT
eistud-34325	71	10	term	term	NOUN
eistud-34325	71	11	capital	capital	NOUN
eistud-34325	71	12	international	international	ADJ
eistud-34325	71	13	mobility	mobility	NOUN
eistud-34325	71	14	,	,	PUNCT
eistud-34325	71	15	yields	yield	NOUN
eistud-34325	71	16	on	on	ADP
eistud-34325	71	17	long	long	ADJ
eistud-34325	71	18	-	-	PUNCT
eistud-34325	71	19	term	term	NOUN
eistud-34325	71	20	assets	asset	NOUN
eistud-34325	71	21	would	would	AUX
eistud-34325	71	22	be	be	AUX
eistud-34325	71	23	equalized	equalize	VERB
eistud-34325	71	24	across	across	ADP
eistud-34325	71	25	countries	country	NOUN
eistud-34325	71	26	.	.	PUNCT
eistud-34325	72	1	this	this	PRON
eistud-34325	72	2	would	would	AUX
eistud-34325	72	3	be	be	AUX
eistud-34325	72	4	achieved	achieve	VERB
eistud-34325	72	5	indirectly	indirectly	ADV
eistud-34325	72	6	,	,	PUNCT
eistud-34325	72	7	but	but	CCONJ
eistud-34325	72	8	only	only	ADV
eistud-34325	72	9	if	if	SCONJ
eistud-34325	72	10	short	short	ADJ
eistud-34325	72	11	-	-	PUNCT
eistud-34325	72	12	term	term	NOUN
eistud-34325	72	13	assets	asset	NOUN
eistud-34325	72	14	are	be	AUX
eistud-34325	72	15	arbitraged	arbitrage	VERB
eistud-34325	72	16	internationally	internationally	ADV
eistud-34325	72	17	.	.	PUNCT
eistud-34325	73	1	this	this	PRON
eistud-34325	73	2	would	would	AUX
eistud-34325	73	3	force	force	VERB
eistud-34325	73	4	assets	asset	NOUN
eistud-34325	73	5	of	of	ADP
eistud-34325	73	6	all	all	DET
eistud-34325	73	7	maturities	maturity	NOUN
eistud-34325	73	8	to	to	PART
eistud-34325	73	9	be	be	AUX
eistud-34325	73	10	arbitraged	arbitrage	VERB
eistud-34325	73	11	domestically	domestically	ADV
eistud-34325	73	12	.	.	PUNCT
eistud-34325	74	1	according	accord	VERB
eistud-34325	74	2	to	to	ADP
eistud-34325	74	3	feldstein	feldstein	NOUN
eistud-34325	74	4	and	and	CCONJ
eistud-34325	74	5	horioka	horioka	NOUN
eistud-34325	74	6	(	(	PUNCT
eistud-34325	74	7	1980	1980	NUM
eistud-34325	74	8	)	)	PUNCT
eistud-34325	74	9	,	,	PUNCT
eistud-34325	74	10	such	such	ADJ
eistud-34325	74	11	equalizing	equalizing	NOUN
eistud-34325	74	12	arbitrage	arbitrage	NOUN
eistud-34325	74	13	was	be	AUX
eistud-34325	74	14	far	far	ADV
eistud-34325	74	15	from	from	ADP
eistud-34325	74	16	being	be	AUX
eistud-34325	74	17	perfect	perfect	ADJ
eistud-34325	74	18	at	at	ADP
eistud-34325	74	19	the	the	DET
eistud-34325	74	20	end	end	NOUN
eistud-34325	74	21	of	of	ADP
eistud-34325	74	22	1970s	1970s	NUM
eistud-34325	74	23	.	.	PUNCT
eistud-34325	75	1	the	the	DET
eistud-34325	75	2	reason	reason	NOUN
eistud-34325	75	3	was	be	AUX
eistud-34325	75	4	in	in	ADP
eistud-34325	75	5	portfolio	portfolio	NOUN
eistud-34325	75	6	considerations	consideration	NOUN
eistud-34325	75	7	.	.	PUNCT
eistud-34325	76	1	what	what	PRON
eistud-34325	76	2	is	be	AUX
eistud-34325	76	3	more	more	ADJ
eistud-34325	76	4	,	,	PUNCT
eistud-34325	76	5	any	any	DET
eistud-34325	76	6	international	international	ADJ
eistud-34325	76	7	flows	flow	NOUN
eistud-34325	76	8	of	of	ADP
eistud-34325	76	9	short	short	ADJ
eistud-34325	76	10	-	-	PUNCT
eistud-34325	76	11	term	term	NOUN
eistud-34325	76	12	capital	capital	NOUN
eistud-34325	76	13	would	would	AUX
eistud-34325	76	14	rather	rather	ADV
eistud-34325	76	15	widen	widen	VERB
eistud-34325	76	16	the	the	DET
eistud-34325	76	17	differential	differential	NOUN
eistud-34325	76	18	between	between	ADP
eistud-34325	76	19	domestic	domestic	ADJ
eistud-34325	76	20	interest	interest	NOUN
eistud-34325	76	21	rates	rate	NOUN
eistud-34325	76	22	for	for	ADP
eistud-34325	76	23	short	short	ADJ
eistud-34325	76	24	and	and	CCONJ
eistud-34325	76	25	long	long	ADJ
eistud-34325	76	26	-	-	PUNCT
eistud-34325	76	27	term	term	NOUN
eistud-34325	76	28	capital	capital	NOUN
eistud-34325	76	29	.	.	PUNCT
eistud-34325	77	1	flow	flow	NOUN
eistud-34325	77	2	of	of	ADP
eistud-34325	77	3	such	such	ADJ
eistud-34325	77	4	capital	capital	NOUN
eistud-34325	77	5	between	between	ADP
eistud-34325	77	6	countries	country	NOUN
eistud-34325	77	7	would	would	AUX
eistud-34325	77	8	limit	limit	VERB
eistud-34325	77	9	itself	itself	PRON
eistud-34325	77	10	by	by	ADP
eistud-34325	77	11	depressing	depress	VERB
eistud-34325	77	12	the	the	DET
eistud-34325	77	13	forward	forward	ADJ
eistud-34325	77	14	discount	discount	NOUN
eistud-34325	77	15	on	on	ADP
eistud-34325	77	16	the	the	DET
eistud-34325	77	17	domestic	domestic	ADJ
eistud-34325	77	18	currency	currency	NOUN
eistud-34325	77	19	(	(	PUNCT
eistud-34325	77	20	i.e.	i.e.	X
eistud-34325	77	21	due	due	ADP
eistud-34325	77	22	to	to	ADP
eistud-34325	77	23	its	its	PRON
eistud-34325	77	24	appreciation	appreciation	NOUN
eistud-34325	77	25	)	)	PUNCT
eistud-34325	77	26	.	.	PUNCT
eistud-34325	78	1	national	national	ADJ
eistud-34325	78	2	governments	government	NOUN
eistud-34325	78	3	,	,	PUNCT
eistud-34325	78	4	when	when	SCONJ
eistud-34325	78	5	changing	change	VERB
eistud-34325	78	6	tax	tax	NOUN
eistud-34325	78	7	policies	policy	NOUN
eistud-34325	78	8	to	to	PART
eistud-34325	78	9	influence	influence	VERB
eistud-34325	78	10	saving	saving	NOUN
eistud-34325	78	11	rates	rate	NOUN
eistud-34325	78	12	may	may	AUX
eistud-34325	78	13	not	not	PART
eistud-34325	78	14	induce	induce	VERB
eistud-34325	78	15	any	any	DET
eistud-34325	78	16	substantial	substantial	ADJ
eistud-34325	78	17	international	international	ADJ
eistud-34325	78	18	capital	capital	NOUN
eistud-34325	78	19	flows	flow	NOUN
eistud-34325	78	20	.	.	PUNCT
eistud-34325	79	1	such	such	DET
eistud-34325	79	2	a	a	DET
eistud-34325	79	3	response	response	NOUN
eistud-34325	79	4	depends	depend	VERB
eistud-34325	79	5	,	,	PUNCT
eistud-34325	79	6	of	of	ADP
eistud-34325	79	7	course	course	NOUN
eistud-34325	79	8	,	,	PUNCT
eistud-34325	79	9	critically	critically	ADV
eistud-34325	79	10	on	on	ADP
eistud-34325	79	11	sensitivity	sensitivity	NOUN
eistud-34325	79	12	to	to	PART
eistud-34325	79	13	yield	yield	VERB
eistud-34325	79	14	differentials	differential	NOUN
eistud-34325	79	15	of	of	ADP
eistud-34325	79	16	aggregate	aggregate	ADJ
eistud-34325	79	17	portfolio	portfolio	NOUN
eistud-34325	79	18	demand	demand	NOUN
eistud-34325	79	19	functions	function	NOUN
eistud-34325	79	20	.	.	PUNCT
eistud-34325	80	1	however	however	ADV
eistud-34325	80	2	,	,	PUNCT
eistud-34325	80	3	observing	observe	VERB
eistud-34325	80	4	explosion	explosion	NOUN
eistud-34325	80	5	of	of	ADP
eistud-34325	80	6	tax	tax	NOUN
eistud-34325	80	7	avoidance	avoidance	NOUN
eistud-34325	80	8	practices	practice	NOUN
eistud-34325	80	9	,	,	PUNCT
eistud-34325	80	10	as	as	SCONJ
eistud-34325	80	11	reported	report	VERB
eistud-34325	80	12	in	in	ADP
eistud-34325	80	13	panama	panama	PROPN
eistud-34325	80	14	papers	paper	NOUN
eistud-34325	80	15	,	,	PUNCT
eistud-34325	80	16	one	one	PRON
eistud-34325	80	17	can	can	AUX
eistud-34325	80	18	expect	expect	VERB
eistud-34325	80	19	that	that	SCONJ
eistud-34325	80	20	these	these	DET
eistud-34325	80	21	aggregate	aggregate	ADJ
eistud-34325	80	22	portfolio	portfolio	NOUN
eistud-34325	80	23	demand	demand	NOUN
eistud-34325	80	24	functions	function	NOUN
eistud-34325	80	25	became	become	VERB
eistud-34325	80	26	highly	highly	ADV
eistud-34325	80	27	sensitive	sensitive	ADJ
eistud-34325	80	28	to	to	PART
eistud-34325	80	29	yield	yield	VERB
eistud-34325	80	30	differentials	differential	NOUN
eistud-34325	80	31	recently	recently	ADV
eistud-34325	80	32	.	.	PUNCT
eistud-34325	81	1	in	in	ADP
eistud-34325	81	2	the	the	DET
eistud-34325	81	3	past	past	NOUN
eistud-34325	81	4	,	,	PUNCT
eistud-34325	81	5	there	there	PRON
eistud-34325	81	6	were	be	VERB
eistud-34325	81	7	a	a	DET
eistud-34325	81	8	few	few	ADJ
eistud-34325	81	9	other	other	ADJ
eistud-34325	81	10	serious	serious	ADJ
eistud-34325	81	11	considerations	consideration	NOUN
eistud-34325	81	12	,	,	PUNCT
eistud-34325	81	13	which	which	PRON
eistud-34325	81	14	were	be	AUX
eistud-34325	81	15	keeping	keep	VERB
eistud-34325	81	16	domestic	domestic	ADJ
eistud-34325	81	17	savings	saving	NOUN
eistud-34325	81	18	at	at	ADP
eistud-34325	81	19	home	home	NOUN
eistud-34325	81	20	.	.	PUNCT
eistud-34325	82	1	one	one	PRON
eistud-34325	82	2	could	could	AUX
eistud-34325	82	3	list	list	VERB
eistud-34325	82	4	here	here	ADV
eistud-34325	82	5	the	the	DET
eistud-34325	82	6	fear	fear	NOUN
eistud-34325	82	7	of	of	ADP
eistud-34325	82	8	future	future	ADJ
eistud-34325	82	9	capital	capital	NOUN
eistud-34325	82	10	controls	control	NOUN
eistud-34325	82	11	by	by	ADP
eistud-34325	82	12	countries	country	NOUN
eistud-34325	82	13	hosting	host	VERB
eistud-34325	82	14	foreign	foreign	ADJ
eistud-34325	82	15	investment	investment	NOUN
eistud-34325	82	16	,	,	PUNCT
eistud-34325	82	17	or	or	CCONJ
eistud-34325	82	18	fear	fear	NOUN
eistud-34325	82	19	of	of	ADP
eistud-34325	82	20	some	some	DET
eistud-34325	82	21	adverse	adverse	ADJ
eistud-34325	82	22	changes	change	NOUN
eistud-34325	82	23	in	in	ADP
eistud-34325	82	24	their	their	PRON
eistud-34325	82	25	taxation	taxation	NOUN
eistud-34325	82	26	.	.	PUNCT
eistud-34325	83	1	the	the	DET
eistud-34325	83	2	war	war	NOUN
eistud-34325	83	3	in	in	ADP
eistud-34325	83	4	ukraine	ukraine	PROPN
eistud-34325	83	5	resulted	result	VERB
eistud-34325	83	6	in	in	ADP
eistud-34325	83	7	withdrawing	withdraw	VERB
eistud-34325	83	8	from	from	ADP
eistud-34325	83	9	russia	russia	PROPN
eistud-34325	83	10	by	by	ADP
eistud-34325	83	11	most	most	ADJ
eistud-34325	83	12	of	of	ADP
eistud-34325	83	13	western	western	ADJ
eistud-34325	83	14	companies	company	NOUN
eistud-34325	83	15	.	.	PUNCT
eistud-34325	84	1	losses	loss	NOUN
eistud-34325	84	2	recognized	recognize	VERB
eistud-34325	84	3	on	on	ADP
eistud-34325	84	4	such	such	DET
eistud-34325	84	5	an	an	DET
eistud-34325	84	6	occa111	occa111	PROPN
eistud-34325	84	7	european	european	ADJ
eistud-34325	84	8	integrat	integrat	NOUN
eistud-34325	84	9	ion	ion	NOUN
eistud-34325	84	10	studies	study	NOUN
eistud-34325	84	11	2023/17	2023/17	NUM
eistud-34325	84	12	sion	sion	NOUN
eistud-34325	84	13	reassemble	reassemble	ADJ
eistud-34325	84	14	introduction	introduction	NOUN
eistud-34325	84	15	of	of	ADP
eistud-34325	84	16	capital	capital	NOUN
eistud-34325	84	17	controls	control	NOUN
eistud-34325	84	18	and	and	CCONJ
eistud-34325	84	19	exchange	exchange	NOUN
eistud-34325	84	20	restrictions	restriction	NOUN
eistud-34325	84	21	,	,	PUNCT
eistud-34325	84	22	which	which	PRON
eistud-34325	84	23	,	,	PUNCT
eistud-34325	84	24	in	in	ADP
eistud-34325	84	25	fact	fact	NOUN
eistud-34325	84	26	,	,	PUNCT
eistud-34325	84	27	were	be	AUX
eistud-34325	84	28	imposed	impose	VERB
eistud-34325	84	29	on	on	ADP
eistud-34325	84	30	all	all	DET
eistud-34325	84	31	investors	investor	NOUN
eistud-34325	84	32	in	in	ADP
eistud-34325	84	33	russian	russian	ADJ
eistud-34325	84	34	market	market	NOUN
eistud-34325	84	35	.	.	PUNCT
eistud-34325	85	1	changes	change	NOUN
eistud-34325	85	2	in	in	ADP
eistud-34325	85	3	capital	capital	NOUN
eistud-34325	85	4	controls	control	NOUN
eistud-34325	85	5	and	and	CCONJ
eistud-34325	85	6	adverse	adverse	ADJ
eistud-34325	85	7	changes	change	NOUN
eistud-34325	85	8	to	to	ADP
eistud-34325	85	9	taxation	taxation	NOUN
eistud-34325	85	10	were	be	AUX
eistud-34325	85	11	common	common	ADJ
eistud-34325	85	12	in	in	ADP
eistud-34325	85	13	the	the	DET
eistud-34325	85	14	past	past	NOUN
eistud-34325	85	15	.	.	PUNCT
eistud-34325	86	1	it	it	PRON
eistud-34325	86	2	was	be	AUX
eistud-34325	86	3	still	still	ADV
eistud-34325	86	4	a	a	DET
eistud-34325	86	5	real	real	ADJ
eistud-34325	86	6	threat	threat	NOUN
eistud-34325	86	7	to	to	ADP
eistud-34325	86	8	all	all	DET
eistud-34325	86	9	international	international	ADJ
eistud-34325	86	10	investors	investor	NOUN
eistud-34325	86	11	in	in	ADP
eistud-34325	86	12	the	the	DET
eistud-34325	86	13	second	second	ADJ
eistud-34325	86	14	half	half	NOUN
eistud-34325	86	15	of	of	ADP
eistud-34325	86	16	the	the	DET
eistud-34325	86	17	previous	previous	ADJ
eistud-34325	86	18	century	century	NOUN
eistud-34325	86	19	.	.	PUNCT
eistud-34325	87	1	however	however	ADV
eistud-34325	87	2	,	,	PUNCT
eistud-34325	87	3	since	since	SCONJ
eistud-34325	87	4	the	the	DET
eistud-34325	87	5	1990s	1990	NOUN
eistud-34325	87	6	the	the	DET
eistud-34325	87	7	global	global	ADJ
eistud-34325	87	8	economy	economy	NOUN
eistud-34325	87	9	experienced	experience	VERB
eistud-34325	87	10	liberalization	liberalization	NOUN
eistud-34325	87	11	of	of	ADP
eistud-34325	87	12	the	the	DET
eistud-34325	87	13	financial	financial	ADJ
eistud-34325	87	14	account	account	NOUN
eistud-34325	87	15	of	of	ADP
eistud-34325	87	16	bops	bop	NOUN
eistud-34325	87	17	of	of	ADP
eistud-34325	87	18	most	most	ADJ
eistud-34325	87	19	countries	country	NOUN
eistud-34325	87	20	.	.	PUNCT
eistud-34325	88	1	since	since	SCONJ
eistud-34325	88	2	more	more	ADJ
eistud-34325	88	3	or	or	CCONJ
eistud-34325	88	4	less	less	ADV
eistud-34325	88	5	the	the	DET
eistud-34325	88	6	same	same	ADJ
eistud-34325	88	7	period	period	NOUN
eistud-34325	88	8	,	,	PUNCT
eistud-34325	88	9	one	one	PRON
eistud-34325	88	10	could	could	AUX
eistud-34325	88	11	witness	witness	VERB
eistud-34325	88	12	outright	outright	ADJ
eistud-34325	88	13	competition	competition	NOUN
eistud-34325	88	14	for	for	ADP
eistud-34325	88	15	fdi	fdi	NOUN
eistud-34325	88	16	by	by	ADP
eistud-34325	88	17	the	the	DET
eistud-34325	88	18	means	mean	NOUN
eistud-34325	88	19	of	of	ADP
eistud-34325	88	20	favorable	favorable	ADJ
eistud-34325	88	21	tax	tax	NOUN
eistud-34325	88	22	treatment	treatment	NOUN
eistud-34325	88	23	.	.	PUNCT
eistud-34325	89	1	therefore	therefore	ADV
eistud-34325	89	2	,	,	PUNCT
eistud-34325	89	3	this	this	DET
eistud-34325	89	4	factor	factor	NOUN
eistud-34325	89	5	does	do	AUX
eistud-34325	89	6	not	not	PART
eistud-34325	89	7	seem	seem	VERB
eistud-34325	89	8	to	to	PART
eistud-34325	89	9	be	be	AUX
eistud-34325	89	10	present	present	ADJ
eistud-34325	89	11	in	in	ADP
eistud-34325	89	12	portfolio	portfolio	NOUN
eistud-34325	89	13	decisions	decision	NOUN
eistud-34325	89	14	anymore	anymore	ADV
eistud-34325	89	15	,	,	PUNCT
eistud-34325	89	16	when	when	SCONJ
eistud-34325	89	17	allocation	allocation	NOUN
eistud-34325	89	18	of	of	ADP
eistud-34325	89	19	capital	capital	NOUN
eistud-34325	89	20	is	be	AUX
eistud-34325	89	21	done	do	VERB
eistud-34325	89	22	domestically	domestically	ADV
eistud-34325	89	23	and	and	CCONJ
eistud-34325	89	24	abroad	abroad	ADV
eistud-34325	89	25	.	.	PUNCT
eistud-34325	90	1	in	in	ADP
eistud-34325	90	2	particular	particular	ADJ
eistud-34325	90	3	,	,	PUNCT
eistud-34325	90	4	both	both	DET
eistud-34325	90	5	fears	fear	NOUN
eistud-34325	90	6	(	(	PUNCT
eistud-34325	90	7	of	of	ADP
eistud-34325	90	8	capital	capital	NOUN
eistud-34325	90	9	controls	control	NOUN
eistud-34325	90	10	and	and	CCONJ
eistud-34325	90	11	adverse	adverse	ADJ
eistud-34325	90	12	taxation	taxation	NOUN
eistud-34325	90	13	changes	change	NOUN
eistud-34325	90	14	)	)	PUNCT
eistud-34325	90	15	seem	seem	VERB
eistud-34325	90	16	to	to	PART
eistud-34325	90	17	be	be	AUX
eistud-34325	90	18	no	no	ADV
eistud-34325	90	19	longer	long	ADV
eistud-34325	90	20	valid	valid	ADJ
eistud-34325	90	21	,	,	PUNCT
eistud-34325	90	22	especially	especially	ADV
eistud-34325	90	23	for	for	ADP
eistud-34325	90	24	intra	intra	ADJ
eistud-34325	90	25	-	-	ADJ
eistud-34325	90	26	eu	eu	ADJ
eistud-34325	90	27	capital	capital	NOUN
eistud-34325	90	28	flows	flow	VERB
eistud-34325	90	29	.	.	PUNCT
eistud-34325	91	1	another	another	DET
eistud-34325	91	2	reason	reason	NOUN
eistud-34325	91	3	for	for	ADP
eistud-34325	91	4	less	less	ADJ
eistud-34325	91	5	-	-	PUNCT
eistud-34325	91	6	than	than	ADP
eistud-34325	91	7	-	-	PUNCT
eistud-34325	91	8	perfect	perfect	ADJ
eistud-34325	91	9	capital	capital	NOUN
eistud-34325	91	10	international	international	ADJ
eistud-34325	91	11	mobility	mobility	NOUN
eistud-34325	91	12	have	have	AUX
eistud-34325	91	13	been	be	AUX
eistud-34325	91	14	legal	legal	ADJ
eistud-34325	91	15	requirements	requirement	NOUN
eistud-34325	91	16	on	on	ADP
eistud-34325	91	17	management	management	NOUN
eistud-34325	91	18	of	of	ADP
eistud-34325	91	19	domestic	domestic	ADJ
eistud-34325	91	20	savings	saving	NOUN
eistud-34325	91	21	in	in	ADP
eistud-34325	91	22	some	some	DET
eistud-34325	91	23	countries	country	NOUN
eistud-34325	91	24	.	.	PUNCT
eistud-34325	92	1	prominent	prominent	ADJ
eistud-34325	92	2	cases	case	NOUN
eistud-34325	92	3	include	include	VERB
eistud-34325	92	4	japan	japan	PROPN
eistud-34325	92	5	,	,	PUNCT
eistud-34325	92	6	which	which	PRON
eistud-34325	92	7	did	do	AUX
eistud-34325	92	8	not	not	PART
eistud-34325	92	9	allow	allow	VERB
eistud-34325	92	10	for	for	ADP
eistud-34325	92	11	any	any	DET
eistud-34325	92	12	foreign	foreign	ADJ
eistud-34325	92	13	holdings	holding	NOUN
eistud-34325	92	14	of	of	ADP
eistud-34325	92	15	government	government	NOUN
eistud-34325	92	16	debt	debt	NOUN
eistud-34325	92	17	,	,	PUNCT
eistud-34325	92	18	until	until	ADP
eistud-34325	92	19	1976	1976	NUM
eistud-34325	92	20	,	,	PUNCT
eistud-34325	92	21	forcing	force	VERB
eistud-34325	92	22	domestic	domestic	ADJ
eistud-34325	92	23	savings	saving	NOUN
eistud-34325	92	24	to	to	PART
eistud-34325	92	25	sponsor	sponsor	VERB
eistud-34325	92	26	the	the	DET
eistud-34325	92	27	deficit	deficit	NOUN
eistud-34325	92	28	.	.	PUNCT
eistud-34325	93	1	and	and	CCONJ
eistud-34325	93	2	then	then	ADV
eistud-34325	93	3	there	there	PRON
eistud-34325	93	4	has	have	AUX
eistud-34325	93	5	been	be	AUX
eistud-34325	93	6	the	the	DET
eistud-34325	93	7	u.s	u.s	PROPN
eistud-34325	93	8	.	.	PROPN
eistud-34325	93	9	,	,	PUNCT
eistud-34325	93	10	where	where	SCONJ
eistud-34325	93	11	saving	saving	NOUN
eistud-34325	93	12	institutions	institution	NOUN
eistud-34325	93	13	have	have	AUX
eistud-34325	93	14	been	be	AUX
eistud-34325	93	15	required	require	VERB
eistud-34325	93	16	by	by	ADP
eistud-34325	93	17	law	law	NOUN
eistud-34325	93	18	to	to	PART
eistud-34325	93	19	invest	invest	VERB
eistud-34325	93	20	in	in	ADP
eistud-34325	93	21	mortgages	mortgage	NOUN
eistud-34325	93	22	on	on	ADP
eistud-34325	93	23	domestic	domestic	ADJ
eistud-34325	93	24	real	real	ADJ
eistud-34325	93	25	estate	estate	NOUN
eistud-34325	93	26	.	.	PUNCT
eistud-34325	94	1	a	a	DET
eistud-34325	94	2	related	relate	VERB
eistud-34325	94	3	factor	factor	NOUN
eistud-34325	94	4	for	for	ADP
eistud-34325	94	5	propensity	propensity	NOUN
eistud-34325	94	6	to	to	PART
eistud-34325	94	7	invest	invest	VERB
eistud-34325	94	8	savings	saving	NOUN
eistud-34325	94	9	domestically	domestically	ADV
eistud-34325	94	10	is	be	AUX
eistud-34325	94	11	risk	risk	NOUN
eistud-34325	94	12	management	management	NOUN
eistud-34325	94	13	aimed	aim	VERB
eistud-34325	94	14	at	at	ADP
eistud-34325	94	15	matching	match	VERB
eistud-34325	94	16	liabilities	liability	NOUN
eistud-34325	94	17	and	and	CCONJ
eistud-34325	94	18	assets	asset	NOUN
eistud-34325	94	19	of	of	ADP
eistud-34325	94	20	insurance	insurance	NOUN
eistud-34325	94	21	companies	company	NOUN
eistud-34325	94	22	and	and	CCONJ
eistud-34325	94	23	financial	financial	ADJ
eistud-34325	94	24	institutions	institution	NOUN
eistud-34325	94	25	in	in	ADP
eistud-34325	94	26	terms	term	NOUN
eistud-34325	94	27	of	of	ADP
eistud-34325	94	28	currency	currency	NOUN
eistud-34325	94	29	in	in	ADP
eistud-34325	94	30	which	which	PRON
eistud-34325	94	31	they	they	PRON
eistud-34325	94	32	are	be	AUX
eistud-34325	94	33	denominated	denominate	VERB
eistud-34325	94	34	.	.	PUNCT
eistud-34325	95	1	for	for	ADP
eistud-34325	95	2	all	all	DET
eistud-34325	95	3	eurozone	eurozone	NOUN
eistud-34325	95	4	countries	country	NOUN
eistud-34325	95	5	this	this	DET
eistud-34325	95	6	consideration	consideration	NOUN
eistud-34325	95	7	has	have	AUX
eistud-34325	95	8	also	also	ADV
eistud-34325	95	9	been	be	AUX
eistud-34325	95	10	no	no	ADV
eistud-34325	95	11	longer	long	ADV
eistud-34325	95	12	valid	valid	ADJ
eistud-34325	95	13	,	,	PUNCT
eistud-34325	95	14	as	as	ADV
eistud-34325	95	15	long	long	ADV
eistud-34325	95	16	as	as	SCONJ
eistud-34325	95	17	they	they	PRON
eistud-34325	95	18	invest	invest	VERB
eistud-34325	95	19	within	within	ADP
eistud-34325	95	20	the	the	DET
eistud-34325	95	21	euro	euro	PROPN
eistud-34325	95	22	area	area	NOUN
eistud-34325	95	23	.	.	PUNCT
eistud-34325	96	1	as	as	ADP
eistud-34325	96	2	such	such	ADJ
eistud-34325	96	3	,	,	PUNCT
eistud-34325	96	4	one	one	PRON
eistud-34325	96	5	can	can	AUX
eistud-34325	96	6	recognize	recognize	VERB
eistud-34325	96	7	a	a	DET
eistud-34325	96	8	direct	direct	ADJ
eistud-34325	96	9	impact	impact	NOUN
eistud-34325	96	10	of	of	ADP
eistud-34325	96	11	monetary	monetary	ADJ
eistud-34325	96	12	integration	integration	NOUN
eistud-34325	96	13	on	on	ADP
eistud-34325	96	14	international	international	ADJ
eistud-34325	96	15	capital	capital	NOUN
eistud-34325	96	16	mobility	mobility	NOUN
eistud-34325	96	17	via	via	ADP
eistud-34325	96	18	the	the	DET
eistud-34325	96	19	channel	channel	NOUN
eistud-34325	96	20	of	of	ADP
eistud-34325	96	21	investment	investment	NOUN
eistud-34325	96	22	portfolio	portfolio	NOUN
eistud-34325	96	23	demand	demand	NOUN
eistud-34325	96	24	function	function	NOUN
eistud-34325	96	25	.	.	PUNCT
eistud-34325	97	1	fdi	fdi	NOUN
eistud-34325	97	2	in	in	ADP
eistud-34325	97	3	the	the	DET
eistud-34325	97	4	times	time	NOUN
eistud-34325	97	5	of	of	ADP
eistud-34325	97	6	strict	strict	ADJ
eistud-34325	97	7	capital	capital	NOUN
eistud-34325	97	8	controls	control	NOUN
eistud-34325	97	9	and	and	CCONJ
eistud-34325	97	10	lack	lack	NOUN
eistud-34325	97	11	of	of	ADP
eistud-34325	97	12	tax	tax	NOUN
eistud-34325	97	13	competition	competition	NOUN
eistud-34325	97	14	(	(	PUNCT
eistud-34325	97	15	ca	ca	NOUN
eistud-34325	97	16	1950s	1950s	NUM
eistud-34325	97	17	1970s	1970s	NUM
eistud-34325	97	18	)	)	PUNCT
eistud-34325	97	19	was	be	AUX
eistud-34325	97	20	driven	drive	VERB
eistud-34325	97	21	by	by	ADP
eistud-34325	97	22	marketing	marketing	NOUN
eistud-34325	97	23	strategies	strategy	NOUN
eistud-34325	97	24	,	,	PUNCT
eistud-34325	97	25	exploiting	exploit	VERB
eistud-34325	97	26	production	production	NOUN
eistud-34325	97	27	knowledge	knowledge	NOUN
eistud-34325	97	28	,	,	PUNCT
eistud-34325	97	29	or	or	CCONJ
eistud-34325	97	30	as	as	ADP
eistud-34325	97	31	a	a	DET
eistud-34325	97	32	way	way	NOUN
eistud-34325	97	33	to	to	PART
eistud-34325	97	34	avoid	avoid	VERB
eistud-34325	97	35	trade	trade	NOUN
eistud-34325	97	36	restrictions	restriction	NOUN
eistud-34325	97	37	(	(	PUNCT
eistud-34325	97	38	caves	cave	NOUN
eistud-34325	97	39	1971	1971	NUM
eistud-34325	97	40	)	)	PUNCT
eistud-34325	97	41	.	.	PUNCT
eistud-34325	98	1	systematic	systematic	ADJ
eistud-34325	98	2	liberalization	liberalization	NOUN
eistud-34325	98	3	changed	change	VERB
eistud-34325	98	4	guiding	guide	VERB
eistud-34325	98	5	rules	rule	NOUN
eistud-34325	98	6	and	and	CCONJ
eistud-34325	98	7	motivation	motivation	NOUN
eistud-34325	98	8	for	for	ADP
eistud-34325	98	9	international	international	ADJ
eistud-34325	98	10	capital	capital	NOUN
eistud-34325	98	11	allocation	allocation	NOUN
eistud-34325	98	12	.	.	PUNCT
eistud-34325	99	1	since	since	SCONJ
eistud-34325	99	2	1990s	1990	NOUN
eistud-34325	99	3	there	there	PRON
eistud-34325	99	4	was	be	VERB
eistud-34325	99	5	not	not	PART
eistud-34325	99	6	much	much	ADJ
eistud-34325	99	7	of	of	ADP
eistud-34325	99	8	trade	trade	NOUN
eistud-34325	99	9	restrictions	restriction	NOUN
eistud-34325	99	10	to	to	PART
eistud-34325	99	11	be	be	AUX
eistud-34325	99	12	overcome	overcome	VERB
eistud-34325	99	13	by	by	ADP
eistud-34325	99	14	producing	produce	VERB
eistud-34325	99	15	abroad	abroad	ADV
eistud-34325	99	16	in	in	ADP
eistud-34325	99	17	order	order	NOUN
eistud-34325	99	18	to	to	PART
eistud-34325	99	19	sell	sell	VERB
eistud-34325	99	20	in	in	ADP
eistud-34325	99	21	that	that	DET
eistud-34325	99	22	country	country	NOUN
eistud-34325	99	23	.	.	PUNCT
eistud-34325	100	1	capital	capital	NOUN
eistud-34325	100	2	started	start	VERB
eistud-34325	100	3	flowing	flow	VERB
eistud-34325	100	4	internationally	internationally	ADV
eistud-34325	100	5	,	,	PUNCT
eistud-34325	100	6	guided	guide	VERB
eistud-34325	100	7	by	by	ADP
eistud-34325	100	8	yields	yield	NOUN
eistud-34325	100	9	,	,	PUNCT
eistud-34325	100	10	and	and	CCONJ
eistud-34325	100	11	in	in	ADP
eistud-34325	100	12	particular	particular	ADJ
eistud-34325	100	13	by	by	ADP
eistud-34325	100	14	after	after	ADP
eistud-34325	100	15	-	-	PUNCT
eistud-34325	100	16	tax	tax	NOUN
eistud-34325	100	17	-	-	PUNCT
eistud-34325	100	18	yield	yield	NOUN
eistud-34325	100	19	patterns	pattern	NOUN
eistud-34325	100	20	.	.	PUNCT
eistud-34325	101	1	the	the	DET
eistud-34325	101	2	previous	previous	ADJ
eistud-34325	101	3	situation	situation	NOUN
eistud-34325	101	4	,	,	PUNCT
eistud-34325	101	5	before	before	ADP
eistud-34325	101	6	liberalization	liberalization	NOUN
eistud-34325	101	7	,	,	PUNCT
eistud-34325	101	8	resulted	result	VERB
eistud-34325	101	9	in	in	ADP
eistud-34325	101	10	existence	existence	NOUN
eistud-34325	101	11	of	of	ADP
eistud-34325	101	12	countries	country	NOUN
eistud-34325	101	13	,	,	PUNCT
eistud-34325	101	14	which	which	PRON
eistud-34325	101	15	were	be	AUX
eistud-34325	101	16	importing	import	VERB
eistud-34325	101	17	and	and	CCONJ
eistud-34325	101	18	exporting	export	VERB
eistud-34325	101	19	capital	capital	NOUN
eistud-34325	101	20	in	in	ADP
eistud-34325	101	21	the	the	DET
eistud-34325	101	22	same	same	ADJ
eistud-34325	101	23	time	time	NOUN
eistud-34325	101	24	.	.	PUNCT
eistud-34325	102	1	the	the	DET
eistud-34325	102	2	current	current	ADJ
eistud-34325	102	3	global	global	ADJ
eistud-34325	102	4	setup	setup	NOUN
eistud-34325	102	5	facilitates	facilitate	VERB
eistud-34325	102	6	the	the	DET
eistud-34325	102	7	world	world	NOUN
eistud-34325	102	8	with	with	ADP
eistud-34325	102	9	specialized	specialized	ADJ
eistud-34325	102	10	capital	capital	NOUN
eistud-34325	102	11	exporters	exporter	NOUN
eistud-34325	102	12	,	,	PUNCT
eistud-34325	102	13	and	and	CCONJ
eistud-34325	102	14	capital	capital	NOUN
eistud-34325	102	15	importers	importer	NOUN
eistud-34325	102	16	.	.	PUNCT
eistud-34325	103	1	financial	financial	ADJ
eistud-34325	103	2	flows	flow	NOUN
eistud-34325	103	3	have	have	AUX
eistud-34325	103	4	been	be	AUX
eistud-34325	103	5	driven	drive	VERB
eistud-34325	103	6	by	by	ADP
eistud-34325	103	7	expected	expect	VERB
eistud-34325	103	8	yield	yield	NOUN
eistud-34325	103	9	differentials	differential	NOUN
eistud-34325	103	10	.	.	PUNCT
eistud-34325	104	1	as	as	SCONJ
eistud-34325	104	2	explained	explain	VERB
eistud-34325	104	3	by	by	ADP
eistud-34325	104	4	feldstein	feldstein	NOUN
eistud-34325	104	5	and	and	CCONJ
eistud-34325	104	6	horioka	horioka	NOUN
eistud-34325	104	7	(	(	PUNCT
eistud-34325	104	8	1980	1980	NUM
eistud-34325	104	9	)	)	PUNCT
eistud-34325	104	10	,	,	PUNCT
eistud-34325	104	11	fdi	fdi	NOUN
eistud-34325	104	12	until	until	ADP
eistud-34325	104	13	the	the	DET
eistud-34325	104	14	end	end	NOUN
eistud-34325	104	15	of	of	ADP
eistud-34325	104	16	1970s	1970s	NUM
eistud-34325	104	17	,	,	PUNCT
eistud-34325	104	18	was	be	AUX
eistud-34325	104	19	not	not	PART
eistud-34325	104	20	responding	respond	VERB
eistud-34325	104	21	to	to	ADP
eistud-34325	104	22	changes	change	NOUN
eistud-34325	104	23	in	in	ADP
eistud-34325	104	24	domestic	domestic	ADJ
eistud-34325	104	25	taxation	taxation	NOUN
eistud-34325	104	26	,	,	PUNCT
eistud-34325	104	27	or	or	CCONJ
eistud-34325	104	28	relative	relative	ADJ
eistud-34325	104	29	capital	capital	NOUN
eistud-34325	104	30	supplies	supply	NOUN
eistud-34325	104	31	.	.	PUNCT
eistud-34325	105	1	they	they	PRON
eistud-34325	105	2	seem	seem	VERB
eistud-34325	105	3	to	to	PART
eistud-34325	105	4	respond	respond	VERB
eistud-34325	105	5	to	to	ADP
eistud-34325	105	6	these	these	DET
eistud-34325	105	7	factors	factor	NOUN
eistud-34325	105	8	today	today	NOUN
eistud-34325	105	9	.	.	PUNCT
eistud-34325	106	1	the	the	DET
eistud-34325	106	2	world	world	NOUN
eistud-34325	106	3	has	have	AUX
eistud-34325	106	4	changed	change	VERB
eistud-34325	106	5	greatly	greatly	ADV
eistud-34325	106	6	,	,	PUNCT
eistud-34325	106	7	but	but	CCONJ
eistud-34325	106	8	the	the	DET
eistud-34325	106	9	question	question	NOUN
eistud-34325	106	10	of	of	ADP
eistud-34325	106	11	international	international	ADJ
eistud-34325	106	12	capital	capital	NOUN
eistud-34325	106	13	flows	flow	NOUN
eistud-34325	106	14	remained	remain	VERB
eistud-34325	106	15	.	.	PUNCT
eistud-34325	107	1	what	what	PRON
eistud-34325	107	2	is	be	AUX
eistud-34325	107	3	the	the	DET
eistud-34325	107	4	relationship	relationship	NOUN
eistud-34325	107	5	between	between	ADP
eistud-34325	107	6	domestic	domestic	ADJ
eistud-34325	107	7	savings	saving	NOUN
eistud-34325	107	8	and	and	CCONJ
eistud-34325	107	9	international	international	ADJ
eistud-34325	107	10	capital	capital	NOUN
eistud-34325	107	11	flows	flow	VERB
eistud-34325	107	12	?	?	PUNCT
eistud-34325	108	1	this	this	DET
eistud-34325	108	2	empirical	empirical	ADJ
eistud-34325	108	3	paper	paper	NOUN
eistud-34325	108	4	is	be	AUX
eistud-34325	108	5	an	an	DET
eistud-34325	108	6	attempt	attempt	NOUN
eistud-34325	108	7	to	to	PART
eistud-34325	108	8	answer	answer	VERB
eistud-34325	108	9	this	this	DET
eistud-34325	108	10	question	question	NOUN
eistud-34325	108	11	.	.	PUNCT
eistud-34325	109	1	previous	previous	ADJ
eistud-34325	109	2	studies	study	NOUN
eistud-34325	109	3	,	,	PUNCT
eistud-34325	109	4	for	for	ADP
eistud-34325	109	5	the	the	DET
eistud-34325	109	6	period	period	NOUN
eistud-34325	109	7	of	of	ADP
eistud-34325	109	8	fixed	fix	VERB
eistud-34325	109	9	exchange	exchange	NOUN
eistud-34325	109	10	rates	rate	NOUN
eistud-34325	109	11	and	and	CCONJ
eistud-34325	109	12	significant	significant	ADJ
eistud-34325	109	13	capital	capital	NOUN
eistud-34325	109	14	controls	control	NOUN
eistud-34325	109	15	reported	report	VERB
eistud-34325	109	16	that	that	SCONJ
eistud-34325	109	17	almost	almost	ADV
eistud-34325	109	18	all	all	DET
eistud-34325	109	19	incremental	incremental	ADJ
eistud-34325	109	20	saving	saving	NOUN
eistud-34325	109	21	remained	remain	VERB
eistud-34325	109	22	in	in	ADP
eistud-34325	109	23	the	the	DET
eistud-34325	109	24	country	country	NOUN
eistud-34325	109	25	of	of	ADP
eistud-34325	109	26	origin	origin	NOUN
eistud-34325	109	27	.	.	PUNCT
eistud-34325	110	1	those	those	DET
eistud-34325	110	2	findings	finding	NOUN
eistud-34325	110	3	for	for	ADP
eistud-34325	110	4	bretton	bretton	PROPN
eistud-34325	110	5	woods	woods	PROPN
eistud-34325	110	6	era	era	NOUN
eistud-34325	110	7	were	be	AUX
eistud-34325	110	8	inconsistent	inconsistent	ADJ
eistud-34325	110	9	with	with	ADP
eistud-34325	110	10	the	the	DET
eistud-34325	110	11	assumption	assumption	NOUN
eistud-34325	110	12	of	of	ADP
eistud-34325	110	13	complete	complete	ADJ
eistud-34325	110	14	arbitrage	arbitrage	NOUN
eistud-34325	110	15	in	in	ADP
eistud-34325	110	16	a	a	DET
eistud-34325	110	17	perfect	perfect	ADJ
eistud-34325	110	18	world	world	NOUN
eistud-34325	110	19	capital	capital	NOUN
eistud-34325	110	20	market	market	NOUN
eistud-34325	110	21	.	.	PUNCT
eistud-34325	111	1	today	today	NOUN
eistud-34325	111	2	,	,	PUNCT
eistud-34325	111	3	the	the	DET
eistud-34325	111	4	global	global	ADJ
eistud-34325	111	5	financial	financial	ADJ
eistud-34325	111	6	system	system	NOUN
eistud-34325	111	7	seems	seem	VERB
eistud-34325	111	8	to	to	PART
eistud-34325	111	9	be	be	AUX
eistud-34325	111	10	at	at	ADP
eistud-34325	111	11	most	most	ADJ
eistud-34325	111	12	of	of	ADP
eistud-34325	111	13	the	the	DET
eistud-34325	111	14	perfect	perfect	ADJ
eistud-34325	111	15	international	international	ADJ
eistud-34325	111	16	mobility	mobility	NOUN
eistud-34325	111	17	of	of	ADP
eistud-34325	111	18	capital	capital	NOUN
eistud-34325	111	19	,	,	PUNCT
eistud-34325	111	20	but	but	CCONJ
eistud-34325	111	21	does	do	AUX
eistud-34325	111	22	the	the	DET
eistud-34325	111	23	empirical	empirical	ADJ
eistud-34325	111	24	evidence	evidence	NOUN
eistud-34325	111	25	confirms	confirm	VERB
eistud-34325	111	26	such	such	ADJ
eistud-34325	111	27	expectations	expectation	NOUN
eistud-34325	111	28	?	?	PUNCT
eistud-34325	112	1	the	the	DET
eistud-34325	112	2	next	next	ADJ
eistud-34325	112	3	section	section	NOUN
eistud-34325	112	4	presents	present	VERB
eistud-34325	112	5	the	the	DET
eistud-34325	112	6	method	method	NOUN
eistud-34325	112	7	of	of	ADP
eistud-34325	112	8	statistical	statistical	ADJ
eistud-34325	112	9	measurement	measurement	NOUN
eistud-34325	112	10	and	and	CCONJ
eistud-34325	112	11	describes	describe	VERB
eistud-34325	112	12	the	the	DET
eistud-34325	112	13	data	datum	NOUN
eistud-34325	112	14	used	use	VERB
eistud-34325	112	15	in	in	ADP
eistud-34325	112	16	the	the	DET
eistud-34325	112	17	exercise	exercise	NOUN
eistud-34325	112	18	.	.	PUNCT
eistud-34325	113	1	the	the	DET
eistud-34325	113	2	basic	basic	ADJ
eistud-34325	113	3	results	result	NOUN
eistud-34325	113	4	and	and	CCONJ
eistud-34325	113	5	a	a	DET
eistud-34325	113	6	number	number	NOUN
eistud-34325	113	7	of	of	ADP
eistud-34325	113	8	extensions	extension	NOUN
eistud-34325	113	9	are	be	AUX
eistud-34325	113	10	presented	present	VERB
eistud-34325	113	11	in	in	ADP
eistud-34325	113	12	section	section	NOUN
eistud-34325	113	13	3	3	NUM
eistud-34325	113	14	.	.	PUNCT
eistud-34325	114	1	then	then	ADV
eistud-34325	114	2	,	,	PUNCT
eistud-34325	114	3	the	the	DET
eistud-34325	114	4	following	follow	VERB
eistud-34325	114	5	section	section	NOUN
eistud-34325	114	6	dis	dis	PROPN
eistud-34325	114	7	-	-	PUNCT
eistud-34325	114	8	aggregates	aggregate	VERB
eistud-34325	114	9	both	both	PRON
eistud-34325	114	10	saving	save	VERB
eistud-34325	114	11	and	and	CCONJ
eistud-34325	114	12	investment	investment	NOUN
eistud-34325	114	13	into	into	ADP
eistud-34325	114	14	household	household	NOUN
eistud-34325	114	15	,	,	PUNCT
eistud-34325	114	16	corporate	corporate	ADJ
eistud-34325	114	17	,	,	PUNCT
eistud-34325	114	18	and	and	CCONJ
eistud-34325	114	19	government	government	NOUN
eistud-34325	114	20	sectors	sector	NOUN
eistud-34325	114	21	.	.	PUNCT
eistud-34325	115	1	separate	separate	ADJ
eistud-34325	115	2	time	time	NOUN
eistud-34325	115	3	series	series	PROPN
eistud-34325	115	4	results	result	NOUN
eistud-34325	115	5	for	for	ADP
eistud-34325	115	6	individual	individual	ADJ
eistud-34325	115	7	countries	country	NOUN
eistud-34325	115	8	are	be	AUX
eistud-34325	115	9	discussed	discuss	VERB
eistud-34325	115	10	in	in	ADP
eistud-34325	115	11	section	section	NOUN
eistud-34325	115	12	5	5	NUM
eistud-34325	115	13	.	.	PUNCT
eistud-34325	116	1	conclusions	conclusion	NOUN
eistud-34325	116	2	follow	follow	VERB
eistud-34325	116	3	,	,	PUNCT
eistud-34325	116	4	and	and	CCONJ
eistud-34325	116	5	include	include	VERB
eistud-34325	116	6	comments	comment	NOUN
eistud-34325	116	7	on	on	ADP
eistud-34325	116	8	implications	implication	NOUN
eistud-34325	116	9	of	of	ADP
eistud-34325	116	10	the	the	DET
eistud-34325	116	11	results	result	NOUN
eistud-34325	116	12	.	.	PUNCT
eistud-34325	117	1	european	european	ADJ
eistud-34325	117	2	integrat	integrat	NOUN
eistud-34325	117	3	ion	ion	NOUN
eistud-34325	117	4	studies2023/17	studies2023/17	NOUN
eistud-34325	117	5	112	112	NUM
eistud-34325	117	6	specification	specification	NOUN
eistud-34325	117	7	and	and	CCONJ
eistud-34325	117	8	data	datum	NOUN
eistud-34325	117	9	this	this	DET
eistud-34325	117	10	paper	paper	NOUN
eistud-34325	117	11	uses	use	VERB
eistud-34325	117	12	data	datum	NOUN
eistud-34325	117	13	on	on	ADP
eistud-34325	117	14	the	the	DET
eistud-34325	117	15	eu-27	eu-27	ADJ
eistud-34325	117	16	(	(	PUNCT
eistud-34325	117	17	the	the	DET
eistud-34325	117	18	main	main	ADJ
eistud-34325	117	19	focus	focus	NOUN
eistud-34325	117	20	)	)	PUNCT
eistud-34325	117	21	and	and	CCONJ
eistud-34325	117	22	non	non	ADJ
eistud-34325	117	23	-	-	ADJ
eistud-34325	117	24	eu	eu	ADJ
eistud-34325	117	25	oecd	oecd	PROPN
eistud-34325	117	26	countries	country	NOUN
eistud-34325	117	27	(	(	PUNCT
eistud-34325	117	28	the	the	DET
eistud-34325	117	29	control	control	NOUN
eistud-34325	117	30	group	group	NOUN
eistud-34325	117	31	)	)	PUNCT
eistud-34325	117	32	to	to	PART
eistud-34325	117	33	measure	measure	VERB
eistud-34325	117	34	the	the	DET
eistud-34325	117	35	extent	extent	NOUN
eistud-34325	117	36	to	to	PART
eistud-34325	117	37	which	which	PRON
eistud-34325	117	38	a	a	DET
eistud-34325	117	39	higher	high	ADJ
eistud-34325	117	40	domestic	domestic	ADJ
eistud-34325	117	41	saving	saving	NOUN
eistud-34325	117	42	rate	rate	NOUN
eistud-34325	117	43	in	in	ADP
eistud-34325	117	44	a	a	DET
eistud-34325	117	45	country	country	NOUN
eistud-34325	117	46	is	be	AUX
eistud-34325	117	47	associated	associate	VERB
eistud-34325	117	48	with	with	ADP
eistud-34325	117	49	a	a	DET
eistud-34325	117	50	higher	high	ADJ
eistud-34325	117	51	rate	rate	NOUN
eistud-34325	117	52	of	of	ADP
eistud-34325	117	53	domestic	domestic	ADJ
eistud-34325	117	54	investment	investment	NOUN
eistud-34325	117	55	.	.	PUNCT
eistud-34325	118	1	under	under	ADP
eistud-34325	118	2	assumption	assumption	NOUN
eistud-34325	118	3	of	of	ADP
eistud-34325	118	4	perfect	perfect	ADJ
eistud-34325	118	5	mobility	mobility	NOUN
eistud-34325	118	6	of	of	ADP
eistud-34325	118	7	capital	capital	NOUN
eistud-34325	118	8	,	,	PUNCT
eistud-34325	118	9	there	there	PRON
eistud-34325	118	10	should	should	AUX
eistud-34325	118	11	be	be	AUX
eistud-34325	118	12	no	no	DET
eistud-34325	118	13	statistically	statistically	ADV
eistud-34325	118	14	significant	significant	ADJ
eistud-34325	118	15	relation	relation	NOUN
eistud-34325	118	16	between	between	ADP
eistud-34325	118	17	domestic	domestic	ADJ
eistud-34325	118	18	saving	saving	NOUN
eistud-34325	118	19	and	and	CCONJ
eistud-34325	118	20	domestic	domestic	ADJ
eistud-34325	118	21	investment	investment	NOUN
eistud-34325	118	22	.	.	PUNCT
eistud-34325	119	1	this	this	PRON
eistud-34325	119	2	means	mean	VERB
eistud-34325	119	3	that	that	SCONJ
eistud-34325	119	4	saving	save	VERB
eistud-34325	119	5	decisions	decision	NOUN
eistud-34325	119	6	in	in	ADP
eistud-34325	119	7	each	each	PRON
eistud-34325	119	8	of	of	ADP
eistud-34325	119	9	eu-27	eu-27	ADJ
eistud-34325	119	10	countries	country	NOUN
eistud-34325	119	11	,	,	PUNCT
eistud-34325	119	12	as	as	ADV
eistud-34325	119	13	well	well	ADV
eistud-34325	119	14	as	as	ADP
eistud-34325	119	15	in	in	ADP
eistud-34325	119	16	the	the	DET
eistud-34325	119	17	control	control	NOUN
eistud-34325	119	18	group	group	NOUN
eistud-34325	119	19	,	,	PUNCT
eistud-34325	119	20	respond	respond	VERB
eistud-34325	119	21	to	to	ADP
eistud-34325	119	22	worldwide	worldwide	ADJ
eistud-34325	119	23	opportunities	opportunity	NOUN
eistud-34325	119	24	for	for	ADP
eistud-34325	119	25	investment	investment	NOUN
eistud-34325	119	26	,	,	PUNCT
eistud-34325	119	27	while	while	SCONJ
eistud-34325	119	28	the	the	DET
eistud-34325	119	29	investment	investment	NOUN
eistud-34325	119	30	projects	project	NOUN
eistud-34325	119	31	in	in	ADP
eistud-34325	119	32	each	each	DET
eistud-34325	119	33	country	country	NOUN
eistud-34325	119	34	are	be	AUX
eistud-34325	119	35	sponsored	sponsor	VERB
eistud-34325	119	36	by	by	ADP
eistud-34325	119	37	the	the	DET
eistud-34325	119	38	global	global	ADJ
eistud-34325	119	39	pool	pool	NOUN
eistud-34325	119	40	of	of	ADP
eistud-34325	119	41	capital	capital	NOUN
eistud-34325	119	42	.	.	PUNCT
eistud-34325	120	1	if	if	SCONJ
eistud-34325	120	2	,	,	PUNCT
eistud-34325	120	3	however	however	ADV
eistud-34325	120	4	,	,	PUNCT
eistud-34325	120	5	there	there	PRON
eistud-34325	120	6	are	be	VERB
eistud-34325	120	7	some	some	DET
eistud-34325	120	8	reasons	reason	NOUN
eistud-34325	120	9	for	for	ADP
eistud-34325	120	10	reduced	reduced	ADJ
eistud-34325	120	11	capital	capital	NOUN
eistud-34325	120	12	mobility	mobility	NOUN
eistud-34325	120	13	for	for	ADP
eistud-34325	120	14	eu-27	eu-27	ADJ
eistud-34325	120	15	and	and	CCONJ
eistud-34325	120	16	the	the	DET
eistud-34325	120	17	control	control	NOUN
eistud-34325	120	18	group	group	NOUN
eistud-34325	120	19	,	,	PUNCT
eistud-34325	120	20	incremental	incremental	ADJ
eistud-34325	120	21	saving	saving	NOUN
eistud-34325	120	22	should	should	AUX
eistud-34325	120	23	be	be	AUX
eistud-34325	120	24	invested	invest	VERB
eistud-34325	120	25	in	in	ADP
eistud-34325	120	26	the	the	DET
eistud-34325	120	27	country	country	NOUN
eistud-34325	120	28	of	of	ADP
eistud-34325	120	29	origin	origin	NOUN
eistud-34325	120	30	.	.	PUNCT
eistud-34325	121	1	this	this	DET
eistud-34325	121	2	results	result	VERB
eistud-34325	121	3	in	in	ADP
eistud-34325	121	4	differences	difference	NOUN
eistud-34325	121	5	between	between	ADP
eistud-34325	121	6	countries	country	NOUN
eistud-34325	121	7	in	in	ADP
eistud-34325	121	8	their	their	PRON
eistud-34325	121	9	respective	respective	ADJ
eistud-34325	121	10	investment	investment	NOUN
eistud-34325	121	11	rates	rate	NOUN
eistud-34325	121	12	,	,	PUNCT
eistud-34325	121	13	and	and	CCONJ
eistud-34325	121	14	the	the	DET
eistud-34325	121	15	differences	difference	NOUN
eistud-34325	121	16	should	should	AUX
eistud-34325	121	17	be	be	AUX
eistud-34325	121	18	closely	closely	ADV
eistud-34325	121	19	matching	match	VERB
eistud-34325	121	20	the	the	DET
eistud-34325	121	21	differences	difference	NOUN
eistud-34325	121	22	in	in	ADP
eistud-34325	121	23	the	the	DET
eistud-34325	121	24	saving	saving	NOUN
eistud-34325	121	25	rates	rate	NOUN
eistud-34325	121	26	.	.	PUNCT
eistud-34325	122	1	the	the	DET
eistud-34325	122	2	results	result	NOUN
eistud-34325	122	3	of	of	ADP
eistud-34325	122	4	the	the	DET
eistud-34325	122	5	current	current	ADJ
eistud-34325	122	6	investigation	investigation	NOUN
eistud-34325	122	7	into	into	ADP
eistud-34325	122	8	saving	saving	NOUN
eistud-34325	122	9	and	and	CCONJ
eistud-34325	122	10	investment	investment	NOUN
eistud-34325	122	11	rates	rate	NOUN
eistud-34325	122	12	are	be	AUX
eistud-34325	122	13	cast	cast	VERB
eistud-34325	122	14	against	against	ADP
eistud-34325	122	15	results	result	NOUN
eistud-34325	122	16	reported	report	VERB
eistud-34325	122	17	by	by	ADP
eistud-34325	122	18	feldstein	feldstein	NOUN
eistud-34325	122	19	and	and	CCONJ
eistud-34325	122	20	horioka	horioka	NOUN
eistud-34325	122	21	(	(	PUNCT
eistud-34325	122	22	1980	1980	NUM
eistud-34325	122	23	)	)	PUNCT
eistud-34325	122	24	for	for	ADP
eistud-34325	122	25	oecd	oecd	PROPN
eistud-34325	122	26	countries	country	NOUN
eistud-34325	122	27	.	.	PUNCT
eistud-34325	123	1	the	the	DET
eistud-34325	123	2	reason	reason	NOUN
eistud-34325	123	3	for	for	ADP
eistud-34325	123	4	such	such	DET
eistud-34325	123	5	a	a	DET
eistud-34325	123	6	comparison	comparison	NOUN
eistud-34325	123	7	is	be	AUX
eistud-34325	123	8	in	in	ADP
eistud-34325	123	9	matching	match	VERB
eistud-34325	123	10	the	the	DET
eistud-34325	123	11	coverage	coverage	NOUN
eistud-34325	123	12	of	of	ADP
eistud-34325	123	13	the	the	DET
eistud-34325	123	14	eu-27	eu-27	ADJ
eistud-34325	123	15	analysis	analysis	NOUN
eistud-34325	123	16	with	with	ADP
eistud-34325	123	17	coverage	coverage	NOUN
eistud-34325	123	18	of	of	ADP
eistud-34325	123	19	feldstein	feldstein	NOUN
eistud-34325	123	20	-	-	PUNCT
eistud-34325	123	21	horioka	horioka	NOUN
eistud-34325	123	22	study	study	NOUN
eistud-34325	123	23	.	.	PUNCT
eistud-34325	124	1	this	this	PRON
eistud-34325	124	2	allows	allow	VERB
eistud-34325	124	3	for	for	ADP
eistud-34325	124	4	conclusions	conclusion	NOUN
eistud-34325	124	5	on	on	ADP
eistud-34325	124	6	changes	change	NOUN
eistud-34325	124	7	,	,	PUNCT
eistud-34325	124	8	if	if	SCONJ
eistud-34325	124	9	any	any	PRON
eistud-34325	124	10	,	,	PUNCT
eistud-34325	124	11	occurring	occur	VERB
eistud-34325	124	12	since	since	SCONJ
eistud-34325	124	13	the	the	DET
eistud-34325	124	14	1970s	1970	NOUN
eistud-34325	124	15	.	.	PUNCT
eistud-34325	125	1	when	when	SCONJ
eistud-34325	125	2	the	the	DET
eistud-34325	125	3	results	result	NOUN
eistud-34325	125	4	are	be	AUX
eistud-34325	125	5	compared	compare	VERB
eistud-34325	125	6	with	with	ADP
eistud-34325	125	7	the	the	DET
eistud-34325	125	8	situation	situation	NOUN
eistud-34325	125	9	reported	report	VERB
eistud-34325	125	10	for	for	ADP
eistud-34325	125	11	the	the	DET
eistud-34325	125	12	period	period	NOUN
eistud-34325	125	13	1965	1965	NUM
eistud-34325	125	14	-	-	SYM
eistud-34325	125	15	1974	1974	NUM
eistud-34325	125	16	,	,	PUNCT
eistud-34325	125	17	one	one	PRON
eistud-34325	125	18	can	can	AUX
eistud-34325	125	19	see	see	VERB
eistud-34325	125	20	that	that	SCONJ
eistud-34325	125	21	in	in	ADP
eistud-34325	125	22	case	case	NOUN
eistud-34325	125	23	of	of	ADP
eistud-34325	125	24	oecd	oecd	PROPN
eistud-34325	125	25	countries	country	NOUN
eistud-34325	125	26	the	the	DET
eistud-34325	125	27	average	average	ADJ
eistud-34325	125	28	domestic	domestic	ADJ
eistud-34325	125	29	saving	saving	NOUN
eistud-34325	125	30	rate	rate	NOUN
eistud-34325	125	31	has	have	AUX
eistud-34325	125	32	remained	remain	VERB
eistud-34325	125	33	basically	basically	ADV
eistud-34325	125	34	the	the	DET
eistud-34325	125	35	same	same	ADJ
eistud-34325	125	36	(	(	PUNCT
eistud-34325	125	37	0.25	0.25	NUM
eistud-34325	125	38	)	)	PUNCT
eistud-34325	125	39	.	.	PUNCT
eistud-34325	126	1	eu-27	eu-27	ADJ
eistud-34325	126	2	countries	country	NOUN
eistud-34325	126	3	are	be	AUX
eistud-34325	126	4	characterized	characterize	VERB
eistud-34325	126	5	by	by	ADP
eistud-34325	126	6	a	a	DET
eistud-34325	126	7	slightly	slightly	ADV
eistud-34325	126	8	higher	high	ADJ
eistud-34325	126	9	,	,	PUNCT
eistud-34325	126	10	but	but	CCONJ
eistud-34325	126	11	statistically	statistically	ADV
eistud-34325	126	12	insignificantly	insignificantly	ADV
eistud-34325	126	13	different	different	ADJ
eistud-34325	126	14	average	average	ADJ
eistud-34325	126	15	rate	rate	NOUN
eistud-34325	126	16	,	,	PUNCT
eistud-34325	126	17	while	while	SCONJ
eistud-34325	126	18	non	non	ADJ
eistud-34325	126	19	-	-	ADJ
eistud-34325	126	20	eu27	eu27	ADJ
eistud-34325	126	21	oecd	oecd	NOUN
eistud-34325	126	22	economies	economy	NOUN
eistud-34325	126	23	have	have	VERB
eistud-34325	126	24	average	average	ADJ
eistud-34325	126	25	saving	saving	NOUN
eistud-34325	126	26	rate	rate	NOUN
eistud-34325	126	27	just	just	ADV
eistud-34325	126	28	below	below	ADP
eistud-34325	126	29	0.25	0.25	NUM
eistud-34325	126	30	.	.	PUNCT
eistud-34325	127	1	since	since	SCONJ
eistud-34325	127	2	1970s	1970	NOUN
eistud-34325	127	3	,	,	PUNCT
eistud-34325	127	4	there	there	PRON
eistud-34325	127	5	has	have	AUX
eistud-34325	127	6	been	be	AUX
eistud-34325	127	7	a	a	DET
eistud-34325	127	8	significant	significant	ADJ
eistud-34325	127	9	increase	increase	NOUN
eistud-34325	127	10	in	in	ADP
eistud-34325	127	11	the	the	DET
eistud-34325	127	12	standard	standard	ADJ
eistud-34325	127	13	deviation	deviation	NOUN
eistud-34325	127	14	of	of	ADP
eistud-34325	127	15	the	the	DET
eistud-34325	127	16	saving	saving	NOUN
eistud-34325	127	17	rate	rate	NOUN
eistud-34325	127	18	,	,	PUNCT
eistud-34325	127	19	both	both	PRON
eistud-34325	127	20	for	for	ADP
eistud-34325	127	21	eu-27	eu-27	NUM
eistud-34325	127	22	,	,	PUNCT
eistud-34325	127	23	and	and	CCONJ
eistud-34325	127	24	for	for	ADP
eistud-34325	127	25	all	all	DET
eistud-34325	127	26	other	other	ADJ
eistud-34325	127	27	oecd	oecd	PROPN
eistud-34325	127	28	countries	country	NOUN
eistud-34325	127	29	.	.	PUNCT
eistud-34325	128	1	this	this	DET
eistud-34325	128	2	result	result	NOUN
eistud-34325	128	3	suggests	suggest	VERB
eistud-34325	128	4	much	much	ADV
eistud-34325	128	5	higher	high	ADJ
eistud-34325	128	6	diversity	diversity	NOUN
eistud-34325	128	7	of	of	ADP
eistud-34325	128	8	member	member	NOUN
eistud-34325	128	9	states	state	NOUN
eistud-34325	128	10	.	.	PUNCT
eistud-34325	129	1	it	it	PRON
eistud-34325	129	2	has	have	AUX
eistud-34325	129	3	been	be	AUX
eistud-34325	129	4	symptomatic	symptomatic	ADJ
eistud-34325	129	5	that	that	SCONJ
eistud-34325	129	6	this	this	PRON
eistud-34325	129	7	was	be	AUX
eistud-34325	129	8	greece	greece	PROPN
eistud-34325	129	9	characterized	characterize	VERB
eistud-34325	129	10	with	with	ADP
eistud-34325	129	11	the	the	DET
eistud-34325	129	12	lowest	low	ADJ
eistud-34325	129	13	saving	saving	NOUN
eistud-34325	129	14	rate	rate	NOUN
eistud-34325	129	15	,	,	PUNCT
eistud-34325	129	16	and	and	CCONJ
eistud-34325	129	17	ireland	ireland	NOUN
eistud-34325	129	18	saving	save	VERB
eistud-34325	129	19	at	at	ADV
eistud-34325	129	20	most	most	ADV
eistud-34325	129	21	in	in	ADP
eistud-34325	129	22	the	the	DET
eistud-34325	129	23	eu	eu	PROPN
eistud-34325	129	24	.	.	PUNCT
eistud-34325	130	1	then	then	ADV
eistud-34325	130	2	,	,	PUNCT
eistud-34325	130	3	among	among	ADP
eistud-34325	130	4	oecd	oecd	PROPN
eistud-34325	130	5	countries	country	NOUN
eistud-34325	130	6	,	,	PUNCT
eistud-34325	130	7	which	which	PRON
eistud-34325	130	8	are	be	AUX
eistud-34325	130	9	not	not	PART
eistud-34325	130	10	members	member	NOUN
eistud-34325	130	11	of	of	ADP
eistud-34325	130	12	the	the	DET
eistud-34325	130	13	european	european	PROPN
eistud-34325	130	14	union	union	PROPN
eistud-34325	130	15	,	,	PUNCT
eistud-34325	130	16	norway	norway	PROPN
eistud-34325	130	17	was	be	AUX
eistud-34325	130	18	the	the	DET
eistud-34325	130	19	highest	high	ADJ
eistud-34325	130	20	saver	saver	NOUN
eistud-34325	130	21	,	,	PUNCT
eistud-34325	130	22	and	and	CCONJ
eistud-34325	130	23	colombia	colombia	PROPN
eistud-34325	130	24	,	,	PUNCT
eistud-34325	130	25	the	the	DET
eistud-34325	130	26	least	least	ADV
eistud-34325	130	27	-	-	PUNCT
eistud-34325	130	28	saving	save	VERB
eistud-34325	130	29	economy	economy	NOUN
eistud-34325	130	30	.	.	PUNCT
eistud-34325	131	1	when	when	SCONJ
eistud-34325	131	2	testing	test	VERB
eistud-34325	131	3	for	for	ADP
eistud-34325	131	4	stability	stability	NOUN
eistud-34325	131	5	of	of	ADP
eistud-34325	131	6	these	these	DET
eistud-34325	131	7	characteristics	characteristic	NOUN
eistud-34325	131	8	,	,	PUNCT
eistud-34325	131	9	the	the	DET
eistud-34325	131	10	sample	sample	NOUN
eistud-34325	131	11	period	period	NOUN
eistud-34325	131	12	was	be	AUX
eistud-34325	131	13	divided	divide	VERB
eistud-34325	131	14	into	into	ADP
eistud-34325	131	15	three	three	NUM
eistud-34325	131	16	fiveyear	fiveyear	NOUN
eistud-34325	131	17	periods	period	NOUN
eistud-34325	131	18	for	for	ADP
eistud-34325	131	19	the	the	DET
eistud-34325	131	20	purpose	purpose	NOUN
eistud-34325	131	21	of	of	ADP
eistud-34325	131	22	correlation	correlation	NOUN
eistud-34325	131	23	analysis	analysis	NOUN
eistud-34325	131	24	between	between	ADP
eistud-34325	131	25	pairs	pair	NOUN
eistud-34325	131	26	of	of	ADP
eistud-34325	131	27	sample	sample	NOUN
eistud-34325	131	28	periods	period	NOUN
eistud-34325	131	29	.	.	PUNCT
eistud-34325	132	1	correlation	correlation	NOUN
eistud-34325	132	2	analysis	analysis	NOUN
eistud-34325	132	3	results	result	NOUN
eistud-34325	132	4	reported	report	VERB
eistud-34325	132	5	in	in	ADP
eistud-34325	132	6	table	table	NOUN
eistud-34325	132	7	2	2	NUM
eistud-34325	132	8	indicate	indicate	VERB
eistud-34325	132	9	stability	stability	NOUN
eistud-34325	132	10	of	of	ADP
eistud-34325	132	11	high	high	ADJ
eistud-34325	132	12	and	and	CCONJ
eistud-34325	132	13	low	low	ADJ
eistud-34325	132	14	saving	saving	NOUN
eistud-34325	132	15	rates	rate	NOUN
eistud-34325	132	16	over	over	ADP
eistud-34325	132	17	2004	2004	NUM
eistud-34325	132	18	-	-	PUNCT
eistud-34325	132	19	to-2020	to-2020	NOUN
eistud-34325	132	20	.	.	PUNCT
eistud-34325	133	1	a	a	DET
eistud-34325	133	2	similar	similar	ADJ
eistud-34325	133	3	magnitude	magnitude	NOUN
eistud-34325	133	4	of	of	ADP
eistud-34325	133	5	positive	positive	ADJ
eistud-34325	133	6	correlation	correlation	NOUN
eistud-34325	133	7	and	and	CCONJ
eistud-34325	133	8	stability	stability	NOUN
eistud-34325	133	9	of	of	ADP
eistud-34325	133	10	it	it	PRON
eistud-34325	133	11	was	be	AUX
eistud-34325	133	12	reported	report	VERB
eistud-34325	133	13	by	by	ADP
eistud-34325	133	14	feldstein	feldstein	NOUN
eistud-34325	133	15	and	and	CCONJ
eistud-34325	133	16	horioka	horioka	NOUN
eistud-34325	133	17	(	(	PUNCT
eistud-34325	133	18	1980	1980	NUM
eistud-34325	133	19	)	)	PUNCT
eistud-34325	133	20	.	.	PUNCT
eistud-34325	134	1	table	table	NOUN
eistud-34325	134	2	1	1	NUM
eistud-34325	134	3	saving	saving	NOUN
eistud-34325	134	4	rates	rate	NOUN
eistud-34325	134	5	in	in	ADP
eistud-34325	134	6	the	the	DET
eistud-34325	134	7	eu27	eu27	PROPN
eistud-34325	134	8	,	,	PUNCT
eistud-34325	134	9	and	and	CCONJ
eistud-34325	134	10	non	non	ADJ
eistud-34325	134	11	-	-	ADJ
eistud-34325	134	12	eu27	eu27	PROPN
eistud-34325	134	13	oecd	oecd	PROPN
eistud-34325	134	14	countries	country	NOUN
eistud-34325	134	15	(	(	PUNCT
eistud-34325	134	16	2004	2004	NUM
eistud-34325	134	17	-	-	SYM
eistud-34325	134	18	2020	2020	NUM
eistud-34325	134	19	)	)	PUNCT
eistud-34325	134	20	,	,	PUNCT
eistud-34325	134	21	and	and	CCONJ
eistud-34325	134	22	oecd	oecd	PROPN
eistud-34325	134	23	(	(	PUNCT
eistud-34325	134	24	1960	1960	NUM
eistud-34325	134	25	-	-	SYM
eistud-34325	134	26	1974	1974	NUM
eistud-34325	134	27	)	)	PUNCT
eistud-34325	134	28	source	source	NOUN
eistud-34325	134	29	:	:	PUNCT
eistud-34325	134	30	author	author	NOUN
eistud-34325	134	31	,	,	PUNCT
eistud-34325	134	32	based	base	VERB
eistud-34325	134	33	on	on	ADP
eistud-34325	134	34	wdi	wdi	PROPN
eistud-34325	134	35	database	database	NOUN
eistud-34325	134	36	,	,	PUNCT
eistud-34325	134	37	feldstein	feldstein	NOUN
eistud-34325	134	38	and	and	CCONJ
eistud-34325	134	39	horioka	horioka	NOUN
eistud-34325	134	40	(	(	PUNCT
eistud-34325	134	41	1980	1980	NUM
eistud-34325	134	42	)	)	PUNCT
eistud-34325	134	43	oecd	oecd	PROPN
eistud-34325	134	44	(	(	PUNCT
eistud-34325	134	45	1960	1960	NUM
eistud-34325	134	46	-	-	SYM
eistud-34325	134	47	1974	1974	NUM
eistud-34325	134	48	)	)	PUNCT
eistud-34325	134	49	eu-27	eu-27	PRON
eistud-34325	134	50	non	non	ADJ
eistud-34325	134	51	-	-	PROPN
eistud-34325	134	52	eu27	eu27	PROPN
eistud-34325	134	53	oecd	oecd	PROPN
eistud-34325	134	54	high	high	ADJ
eistud-34325	134	55	0.372	0.372	NUM
eistud-34325	134	56	japan	japan	PROPN
eistud-34325	134	57	0.623	0.623	NUM
eistud-34325	134	58	ireland	ireland	PROPN
eistud-34325	134	59	0.431	0.431	NUM
eistud-34325	134	60	norway	norway	NOUN
eistud-34325	134	61	low	low	ADJ
eistud-34325	134	62	0.184	0.184	NUM
eistud-34325	134	63	the	the	DET
eistud-34325	134	64	uk	uk	PROPN
eistud-34325	134	65	0.074	0.074	PROPN
eistud-34325	134	66	greece	greece	PROPN
eistud-34325	134	67	0.124	0.124	NUM
eistud-34325	134	68	colombia	colombia	PROPN
eistud-34325	134	69	average	average	ADJ
eistud-34325	134	70	0.250	0.250	NUM
eistud-34325	134	71	0.253	0.253	NUM
eistud-34325	134	72	0.246	0.246	NUM
eistud-34325	134	73	standard	standard	ADJ
eistud-34325	134	74	deviation	deviation	NOUN
eistud-34325	134	75	0.045	0.045	NUM
eistud-34325	134	76	0.084	0.084	NUM
eistud-34325	134	77	0.066	0.066	NUM
eistud-34325	134	78	2004	2004	NUM
eistud-34325	134	79	-	-	SYM
eistud-34325	134	80	2009	2009	NUM
eistud-34325	134	81	(	(	PUNCT
eistud-34325	134	82	1960	1960	NUM
eistud-34325	134	83	-	-	SYM
eistud-34325	134	84	64	64	NUM
eistud-34325	134	85	)	)	PUNCT
eistud-34325	134	86	2010	2010	NUM
eistud-34325	134	87	-	-	SYM
eistud-34325	134	88	2014	2014	NUM
eistud-34325	134	89	(	(	PUNCT
eistud-34325	134	90	1965	1965	NUM
eistud-34325	134	91	-	-	SYM
eistud-34325	134	92	69	69	NUM
eistud-34325	134	93	)	)	PUNCT
eistud-34325	134	94	2015	2015	NUM
eistud-34325	134	95	-	-	SYM
eistud-34325	134	96	2020	2020	NUM
eistud-34325	134	97	(	(	PUNCT
eistud-34325	134	98	1970	1970	NUM
eistud-34325	134	99	-	-	SYM
eistud-34325	134	100	74	74	NUM
eistud-34325	134	101	)	)	PUNCT
eistud-34325	134	102	2004	2004	NUM
eistud-34325	134	103	-	-	SYM
eistud-34325	134	104	2009	2009	NUM
eistud-34325	134	105	1	1	NUM
eistud-34325	134	106	non	non	NOUN
eistud-34325	134	107	-	-	PROPN
eistud-34325	134	108	eu27	eu27	PROPN
eistud-34325	134	109	:	:	PUNCT
eistud-34325	134	110	0.961	0.961	NUM
eistud-34325	134	111	(	(	PUNCT
eistud-34325	134	112	0.974	0.974	NUM
eistud-34325	134	113	)	)	PUNCT
eistud-34325	134	114	non	non	NOUN
eistud-34325	134	115	-	-	PROPN
eistud-34325	134	116	eu27	eu27	PROPN
eistud-34325	134	117	:	:	PUNCT
eistud-34325	135	1	0.845	0.845	NUM
eistud-34325	135	2	(	(	PUNCT
eistud-34325	135	3	0.931	0.931	NUM
eistud-34325	135	4	)	)	PUNCT
eistud-34325	135	5	2010	2010	NUM
eistud-34325	135	6	-	-	SYM
eistud-34325	135	7	2014	2014	NUM
eistud-34325	135	8	eu27	eu27	PROPN
eistud-34325	135	9	:	:	PUNCT
eistud-34325	135	10	0.919	0.919	NUM
eistud-34325	135	11	(	(	PUNCT
eistud-34325	135	12	0.974	0.974	NUM
eistud-34325	135	13	)	)	PUNCT
eistud-34325	135	14	1	1	NUM
eistud-34325	135	15	non	non	PROPN
eistud-34325	135	16	-	-	PROPN
eistud-34325	135	17	eu27	eu27	NOUN
eistud-34325	135	18	:	:	PUNCT
eistud-34325	135	19	0.900	0.900	NUM
eistud-34325	135	20	(	(	PUNCT
eistud-34325	135	21	0.895	0.895	NUM
eistud-34325	135	22	)	)	PUNCT
eistud-34325	135	23	2015	2015	NUM
eistud-34325	135	24	-	-	SYM
eistud-34325	135	25	2020	2020	NUM
eistud-34325	135	26	eu27	eu27	PROPN
eistud-34325	135	27	:	:	PUNCT
eistud-34325	135	28	0.814	0.814	NUM
eistud-34325	135	29	(	(	PUNCT
eistud-34325	135	30	0.931	0.931	NUM
eistud-34325	135	31	)	)	PUNCT
eistud-34325	136	1	eu27	eu27	PROPN
eistud-34325	136	2	:	:	PUNCT
eistud-34325	136	3	0.889	0.889	NUM
eistud-34325	136	4	(	(	PUNCT
eistud-34325	136	5	0.895	0.895	NUM
eistud-34325	136	6	)	)	SYM
eistud-34325	136	7	1	1	NUM
eistud-34325	136	8	table	table	NOUN
eistud-34325	136	9	2	2	NUM
eistud-34325	136	10	correlation	correlation	NOUN
eistud-34325	136	11	coefficients	coefficient	NOUN
eistud-34325	136	12	of	of	ADP
eistud-34325	136	13	saving	save	VERB
eistud-34325	136	14	rates	rate	NOUN
eistud-34325	136	15	for	for	ADP
eistud-34325	136	16	the	the	DET
eistud-34325	136	17	eu27	eu27	PROPN
eistud-34325	136	18	,	,	PUNCT
eistud-34325	136	19	non	non	ADJ
eistud-34325	136	20	-	-	ADJ
eistud-34325	136	21	eu27	eu27	PROPN
eistud-34325	136	22	oecd	oecd	PROPN
eistud-34325	136	23	(	(	PUNCT
eistud-34325	136	24	2004	2004	NUM
eistud-34325	136	25	-	-	SYM
eistud-34325	136	26	2020	2020	NUM
eistud-34325	136	27	)	)	PUNCT
eistud-34325	136	28	,	,	PUNCT
eistud-34325	136	29	and	and	CCONJ
eistud-34325	136	30	oecd	oecd	PROPN
eistud-34325	136	31	(	(	PUNCT
eistud-34325	136	32	1960	1960	NUM
eistud-34325	136	33	-	-	SYM
eistud-34325	136	34	1974	1974	NUM
eistud-34325	136	35	)	)	PUNCT
eistud-34325	136	36	source	source	NOUN
eistud-34325	136	37	:	:	PUNCT
eistud-34325	136	38	author	author	NOUN
eistud-34325	136	39	,	,	PUNCT
eistud-34325	136	40	based	base	VERB
eistud-34325	136	41	on	on	ADP
eistud-34325	136	42	wdi	wdi	PROPN
eistud-34325	136	43	database	database	NOUN
eistud-34325	136	44	,	,	PUNCT
eistud-34325	136	45	and	and	CCONJ
eistud-34325	136	46	feldstein	feldstein	NOUN
eistud-34325	136	47	and	and	CCONJ
eistud-34325	136	48	horioka	horioka	NOUN
eistud-34325	136	49	(	(	PUNCT
eistud-34325	136	50	1980	1980	NUM
eistud-34325	136	51	)	)	PUNCT
eistud-34325	136	52	for	for	ADP
eistud-34325	136	53	oecd	oecd	PROPN
eistud-34325	136	54	1960	1960	NUM
eistud-34325	136	55	-	-	SYM
eistud-34325	136	56	1974	1974	NUM
eistud-34325	136	57	113	113	NUM
eistud-34325	136	58	european	european	ADJ
eistud-34325	136	59	integrat	integrat	NOUN
eistud-34325	136	60	ion	ion	NOUN
eistud-34325	136	61	studies	study	NOUN
eistud-34325	136	62	2023/17	2023/17	NUM
eistud-34325	136	63	oecd	oecd	PROPN
eistud-34325	136	64	(	(	PUNCT
eistud-34325	136	65	1960	1960	NUM
eistud-34325	136	66	-	-	SYM
eistud-34325	136	67	1974	1974	NUM
eistud-34325	136	68	)	)	PUNCT
eistud-34325	136	69	eu-27	eu-27	PRON
eistud-34325	136	70	non	non	ADJ
eistud-34325	136	71	-	-	PROPN
eistud-34325	136	72	eu27	eu27	PROPN
eistud-34325	136	73	oecd	oecd	PROPN
eistud-34325	136	74	high	high	ADJ
eistud-34325	136	75	0.368	0.368	NUM
eistud-34325	136	76	japan	japan	PROPN
eistud-34325	136	77	0.547	0.547	NUM
eistud-34325	136	78	ireland	ireland	PROPN
eistud-34325	136	79	0.361	0.361	NUM
eistud-34325	136	80	norway	norway	NOUN
eistud-34325	136	81	low	low	ADJ
eistud-34325	136	82	0.186	0.186	NUM
eistud-34325	136	83	u.s	u.s	PROPN
eistud-34325	136	84	.	.	PROPN
eistud-34325	136	85	0.119	0.119	NUM
eistud-34325	136	86	greece	greece	PROPN
eistud-34325	136	87	0.139	0.139	NUM
eistud-34325	136	88	iceland	iceland	PROPN
eistud-34325	136	89	average	average	ADJ
eistud-34325	136	90	0.254	0.254	NUM
eistud-34325	136	91	0.229	0.229	NUM
eistud-34325	136	92	0.236	0.236	NUM
eistud-34325	136	93	standard	standard	ADJ
eistud-34325	136	94	deviation	deviation	NOUN
eistud-34325	136	95	0.041	0.041	NUM
eistud-34325	136	96	0.048	0.048	NUM
eistud-34325	136	97	0.041	0.041	NUM
eistud-34325	136	98	source	source	NOUN
eistud-34325	136	99	:	:	PUNCT
eistud-34325	136	100	author	author	NOUN
eistud-34325	136	101	,	,	PUNCT
eistud-34325	136	102	based	base	VERB
eistud-34325	136	103	on	on	ADP
eistud-34325	136	104	wdi	wdi	PROPN
eistud-34325	136	105	database	database	NOUN
eistud-34325	136	106	,	,	PUNCT
eistud-34325	136	107	and	and	CCONJ
eistud-34325	136	108	feldstein	feldstein	NOUN
eistud-34325	136	109	and	and	CCONJ
eistud-34325	136	110	horioka	horioka	NOUN
eistud-34325	136	111	(	(	PUNCT
eistud-34325	136	112	1980	1980	NUM
eistud-34325	136	113	)	)	PUNCT
eistud-34325	136	114	for	for	ADP
eistud-34325	136	115	oecd	oecd	PROPN
eistud-34325	136	116	1960	1960	NUM
eistud-34325	136	117	-	-	SYM
eistud-34325	136	118	1974	1974	NUM
eistud-34325	136	119	table	table	NOUN
eistud-34325	136	120	3	3	NUM
eistud-34325	136	121	investment	investment	NOUN
eistud-34325	136	122	rates	rate	NOUN
eistud-34325	136	123	in	in	ADP
eistud-34325	136	124	the	the	DET
eistud-34325	136	125	eu27	eu27	PROPN
eistud-34325	136	126	,	,	PUNCT
eistud-34325	136	127	and	and	CCONJ
eistud-34325	136	128	non	non	ADJ
eistud-34325	136	129	-	-	ADJ
eistud-34325	136	130	eu27	eu27	PROPN
eistud-34325	136	131	oecd	oecd	PROPN
eistud-34325	136	132	countries	country	NOUN
eistud-34325	136	133	(	(	PUNCT
eistud-34325	136	134	2004	2004	NUM
eistud-34325	136	135	-	-	SYM
eistud-34325	136	136	2020	2020	NUM
eistud-34325	136	137	)	)	PUNCT
eistud-34325	136	138	,	,	PUNCT
eistud-34325	136	139	and	and	CCONJ
eistud-34325	136	140	oecd	oecd	PROPN
eistud-34325	136	141	(	(	PUNCT
eistud-34325	136	142	1960	1960	NUM
eistud-34325	136	143	-	-	SYM
eistud-34325	136	144	1974	1974	NUM
eistud-34325	136	145	)	)	PUNCT
eistud-34325	136	146	this	this	PRON
eistud-34325	136	147	should	should	AUX
eistud-34325	136	148	not	not	PART
eistud-34325	136	149	be	be	AUX
eistud-34325	136	150	surprising	surprising	ADJ
eistud-34325	136	151	that	that	SCONJ
eistud-34325	136	152	in	in	ADP
eistud-34325	136	153	case	case	NOUN
eistud-34325	136	154	of	of	ADP
eistud-34325	136	155	investment	investment	NOUN
eistud-34325	136	156	rates	rate	NOUN
eistud-34325	136	157	(	(	PUNCT
eistud-34325	136	158	i	i	PROPN
eistud-34325	136	159	/	/	SYM
eistud-34325	136	160	gdp	gdp	NOUN
eistud-34325	136	161	)	)	PUNCT
eistud-34325	136	162	one	one	NUM
eistud-34325	136	163	finds	find	VERB
eistud-34325	136	164	significant	significant	ADJ
eistud-34325	136	165	variation	variation	NOUN
eistud-34325	136	166	among	among	ADP
eistud-34325	136	167	countries	country	NOUN
eistud-34325	136	168	in	in	ADP
eistud-34325	136	169	each	each	DET
eistud-34325	136	170	group	group	NOUN
eistud-34325	136	171	and	and	CCONJ
eistud-34325	136	172	period	period	NOUN
eistud-34325	136	173	,	,	PUNCT
eistud-34325	136	174	but	but	CCONJ
eistud-34325	136	175	the	the	DET
eistud-34325	136	176	pattern	pattern	NOUN
eistud-34325	136	177	of	of	ADP
eistud-34325	136	178	high	high	ADJ
eistud-34325	136	179	and	and	CCONJ
eistud-34325	136	180	low	low	ADJ
eistud-34325	136	181	investment	investment	NOUN
eistud-34325	136	182	ratios	ratio	NOUN
eistud-34325	136	183	is	be	AUX
eistud-34325	136	184	also	also	ADV
eistud-34325	136	185	highly	highly	ADV
eistud-34325	136	186	stable	stable	ADJ
eistud-34325	136	187	over	over	ADP
eistud-34325	136	188	time	time	NOUN
eistud-34325	136	189	.	.	PUNCT
eistud-34325	137	1	testing	test	VERB
eistud-34325	137	2	for	for	ADP
eistud-34325	137	3	a	a	DET
eistud-34325	137	4	relationship	relationship	NOUN
eistud-34325	137	5	between	between	ADP
eistud-34325	137	6	savings	saving	NOUN
eistud-34325	137	7	rates	rate	NOUN
eistud-34325	137	8	and	and	CCONJ
eistud-34325	137	9	investment	investment	NOUN
eistud-34325	137	10	rates	rate	NOUN
eistud-34325	137	11	was	be	AUX
eistud-34325	137	12	based	base	VERB
eistud-34325	137	13	on	on	ADP
eistud-34325	137	14	a	a	DET
eistud-34325	137	15	simple	simple	ADJ
eistud-34325	137	16	regression	regression	NOUN
eistud-34325	137	17	analysis	analysis	NOUN
eistud-34325	137	18	.	.	PUNCT
eistud-34325	137	19	!	!	PUNCT
eistud-34325	137	20	!	!	PUNCT
eistud-34325	138	1	"	"	PUNCT
eistud-34325	138	2	#	#	NOUN
eistud-34325	138	3	$	$	SYM
eistud-34325	138	4	%	%	NOUN
eistud-34325	138	5	&	&	CCONJ
eistud-34325	138	6	"	"	PUNCT
eistud-34325	138	7	'	'	PUNCT
eistud-34325	138	8	=	=	NOUN
eistud-34325	138	9	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	138	10	𝛼	𝛼	NOUN
eistud-34325	138	11	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	138	12	!	!	PUNCT
eistud-34325	139	1	(	(	PUNCT
eistud-34325	139	2	)	)	PUNCT
eistud-34325	139	3	#	#	NOUN
eistud-34325	139	4	$	$	SYM
eistud-34325	139	5	%	%	NOUN
eistud-34325	139	6	&	&	CCONJ
eistud-34325	139	7	"	"	PUNCT
eistud-34325	139	8	'	'	PUNCT
eistud-34325	139	9	𝛼	𝛼	X
eistud-34325	139	10	𝜀𝜀𝜀𝜀	𝜀𝜀𝜀𝜀	NOUN
eistud-34325	139	11	(	(	PUNCT
eistud-34325	139	12	1	1	NUM
eistud-34325	139	13	)	)	PUNCT
eistud-34325	139	14	1	1	NUM
eistud-34325	139	15	a	a	DET
eistud-34325	139	16	regression	regression	NOUN
eistud-34325	139	17	of	of	ADP
eistud-34325	139	18	(	(	PUNCT
eistud-34325	139	19	net	net	ADJ
eistud-34325	139	20	foreign	foreign	ADJ
eistud-34325	139	21	investment	investment	NOUN
eistud-34325	139	22	/	/	SYM
eistud-34325	139	23	gdp	gdp	NOUN
eistud-34325	139	24	)	)	PUNCT
eistud-34325	139	25	on	on	ADP
eistud-34325	139	26	domestic	domestic	ADJ
eistud-34325	139	27	savings	saving	NOUN
eistud-34325	139	28	rate	rate	NOUN
eistud-34325	139	29	:	:	PUNCT
eistud-34325	139	30	!	!	PUNCT
eistud-34325	140	1	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝐺𝐺𝐺𝐺	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝐺𝐺𝐺𝐺	PROPN
eistud-34325	140	2	𝑆𝑆𝑆𝑆−	𝑆𝑆𝑆𝑆−	PROPN
eistud-34325	140	3	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
eistud-34325	140	4	𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝑆𝑆𝑆𝑆	𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝑆𝑆𝑆𝑆	PROPN
eistud-34325	140	5	"	"	PUNCT
eistud-34325	140	6	!	!	PUNCT
eistud-34325	141	1	=	=	NOUN
eistud-34325	141	2	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	141	3	𝛼	𝛼	NOUN
eistud-34325	141	4	𝛼𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼𝛼	NOUN
eistud-34325	141	5	𝛼	𝛼	PRON
eistud-34325	141	6	𝛼𝛼	𝛼𝛼	ADP
eistud-34325	141	7	!	!	PUNCT
eistud-34325	142	1	𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺	PROPN
eistud-34325	142	2	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	PROPN
eistud-34325	142	3	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
eistud-34325	142	4	𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆	NOUN
eistud-34325	142	5	"	"	PUNCT
eistud-34325	142	6	!	!	PUNCT
eistud-34325	143	1	𝛼	𝛼	NOUN
eistud-34325	143	2	𝜀𝜀𝜀𝜀	𝜀𝜀𝜀𝜀	NOUN
eistud-34325	143	3	(	(	PUNCT
eistud-34325	143	4	1	1	X
eistud-34325	143	5	)	)	PUNCT
eistud-34325	143	6	where	where	SCONJ
eistud-34325	143	7	:	:	PUNCT
eistud-34325	143	8	!	!	PUNCT
eistud-34325	143	9	!	!	PUNCT
eistud-34325	144	1	"	"	PUNCT
eistud-34325	144	2	#	#	NOUN
eistud-34325	144	3	$	$	SYM
eistud-34325	144	4	%	%	NOUN
eistud-34325	144	5	&	&	CCONJ
eistud-34325	144	6	"	"	PUNCT
eistud-34325	144	7	'	'	PUNCT
eistud-34325	144	8	=	=	NOUN
eistud-34325	144	9	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	144	10	𝛼	𝛼	NOUN
eistud-34325	144	11	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	144	12	!	!	PUNCT
eistud-34325	145	1	(	(	PUNCT
eistud-34325	145	2	)	)	PUNCT
eistud-34325	145	3	#	#	NOUN
eistud-34325	145	4	$	$	SYM
eistud-34325	145	5	%	%	NOUN
eistud-34325	145	6	&	&	CCONJ
eistud-34325	145	7	"	"	PUNCT
eistud-34325	145	8	'	'	PUNCT
eistud-34325	145	9	𝛼	𝛼	X
eistud-34325	145	10	𝜀𝜀𝜀𝜀	𝜀𝜀𝜀𝜀	NOUN
eistud-34325	145	11	(	(	PUNCT
eistud-34325	145	12	1	1	NUM
eistud-34325	145	13	)	)	PUNCT
eistud-34325	145	14	1	1	NUM
eistud-34325	145	15	a	a	DET
eistud-34325	145	16	regression	regression	NOUN
eistud-34325	145	17	of	of	ADP
eistud-34325	145	18	(	(	PUNCT
eistud-34325	145	19	net	net	ADJ
eistud-34325	145	20	foreign	foreign	ADJ
eistud-34325	145	21	investment	investment	NOUN
eistud-34325	145	22	/	/	SYM
eistud-34325	145	23	gdp	gdp	NOUN
eistud-34325	145	24	)	)	PUNCT
eistud-34325	145	25	on	on	ADP
eistud-34325	145	26	domestic	domestic	ADJ
eistud-34325	145	27	savings	saving	NOUN
eistud-34325	145	28	rate	rate	NOUN
eistud-34325	145	29	:	:	PUNCT
eistud-34325	145	30	!	!	PUNCT
eistud-34325	146	1	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝐺𝐺𝐺𝐺	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝐺𝐺𝐺𝐺	PROPN
eistud-34325	146	2	𝑆𝑆𝑆𝑆−	𝑆𝑆𝑆𝑆−	PROPN
eistud-34325	146	3	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
eistud-34325	146	4	𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝑆𝑆𝑆𝑆	𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝑆𝑆𝑆𝑆	PROPN
eistud-34325	146	5	"	"	PUNCT
eistud-34325	146	6	!	!	PUNCT
eistud-34325	147	1	=	=	NOUN
eistud-34325	147	2	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	147	3	𝛼	𝛼	NOUN
eistud-34325	147	4	𝛼𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼𝛼	NOUN
eistud-34325	147	5	𝛼	𝛼	PRON
eistud-34325	147	6	𝛼𝛼	𝛼𝛼	ADP
eistud-34325	147	7	!	!	PUNCT
eistud-34325	148	1	𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺	PROPN
eistud-34325	148	2	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	PROPN
eistud-34325	148	3	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
eistud-34325	148	4	𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆	NOUN
eistud-34325	148	5	"	"	PUNCT
eistud-34325	148	6	!	!	PUNCT
eistud-34325	149	1	𝛼	𝛼	PROPN
eistud-34325	149	2	𝜀𝜀𝜀𝜀	𝜀𝜀𝜀𝜀	NOUN
eistud-34325	149	3	is	be	AUX
eistud-34325	149	4	gross	gross	ADJ
eistud-34325	149	5	domestic	domestic	ADJ
eistud-34325	149	6	investment	investment	NOUN
eistud-34325	149	7	divided	divide	VERB
eistud-34325	149	8	by	by	ADP
eistud-34325	149	9	the	the	DET
eistud-34325	149	10	gross	gross	ADJ
eistud-34325	149	11	domestic	domestic	ADJ
eistud-34325	149	12	product	product	NOUN
eistud-34325	149	13	in	in	ADP
eistud-34325	149	14	country	country	NOUN
eistud-34325	149	15	‘	'	PUNCT
eistud-34325	149	16	i	i	PRON
eistud-34325	149	17	’	'	PUNCT
eistud-34325	149	18	.	.	PUNCT
eistud-34325	149	19	!	!	PUNCT
eistud-34325	149	20	!	!	PUNCT
eistud-34325	150	1	"	"	PUNCT
eistud-34325	150	2	#	#	NOUN
eistud-34325	150	3	$	$	SYM
eistud-34325	150	4	%	%	NOUN
eistud-34325	150	5	&	&	CCONJ
eistud-34325	150	6	"	"	PUNCT
eistud-34325	150	7	'	'	PUNCT
eistud-34325	150	8	=	=	NOUN
eistud-34325	150	9	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	150	10	𝛼	𝛼	NOUN
eistud-34325	150	11	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	150	12	!	!	PUNCT
eistud-34325	151	1	(	(	PUNCT
eistud-34325	151	2	)	)	PUNCT
eistud-34325	151	3	#	#	NOUN
eistud-34325	151	4	$	$	SYM
eistud-34325	151	5	%	%	NOUN
eistud-34325	151	6	&	&	CCONJ
eistud-34325	151	7	"	"	PUNCT
eistud-34325	151	8	'	'	PUNCT
eistud-34325	151	9	𝛼	𝛼	X
eistud-34325	151	10	𝜀𝜀𝜀𝜀	𝜀𝜀𝜀𝜀	NOUN
eistud-34325	151	11	(	(	PUNCT
eistud-34325	151	12	1	1	NUM
eistud-34325	151	13	)	)	PUNCT
eistud-34325	151	14	1	1	NUM
eistud-34325	151	15	a	a	DET
eistud-34325	151	16	regression	regression	NOUN
eistud-34325	151	17	of	of	ADP
eistud-34325	151	18	(	(	PUNCT
eistud-34325	151	19	net	net	ADJ
eistud-34325	151	20	foreign	foreign	ADJ
eistud-34325	151	21	investment	investment	NOUN
eistud-34325	151	22	/	/	SYM
eistud-34325	151	23	gdp	gdp	NOUN
eistud-34325	151	24	)	)	PUNCT
eistud-34325	151	25	on	on	ADP
eistud-34325	151	26	domestic	domestic	ADJ
eistud-34325	151	27	savings	saving	NOUN
eistud-34325	151	28	rate	rate	NOUN
eistud-34325	151	29	:	:	PUNCT
eistud-34325	151	30	!	!	PUNCT
eistud-34325	152	1	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝐺𝐺𝐺𝐺	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝐺𝐺𝐺𝐺	PROPN
eistud-34325	152	2	𝑆𝑆𝑆𝑆−	𝑆𝑆𝑆𝑆−	PROPN
eistud-34325	152	3	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
eistud-34325	152	4	𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝑆𝑆𝑆𝑆	𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝑆𝑆𝑆𝑆	PROPN
eistud-34325	152	5	"	"	PUNCT
eistud-34325	152	6	!	!	PUNCT
eistud-34325	153	1	=	=	NOUN
eistud-34325	153	2	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	153	3	𝛼	𝛼	NOUN
eistud-34325	153	4	𝛼𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼𝛼	NOUN
eistud-34325	153	5	𝛼	𝛼	PRON
eistud-34325	153	6	𝛼𝛼	𝛼𝛼	ADP
eistud-34325	153	7	!	!	PUNCT
eistud-34325	154	1	𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺	PROPN
eistud-34325	154	2	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	PROPN
eistud-34325	154	3	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
eistud-34325	154	4	𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆	NOUN
eistud-34325	154	5	"	"	PUNCT
eistud-34325	154	6	!	!	PUNCT
eistud-34325	155	1	𝛼	𝛼	PROPN
eistud-34325	155	2	𝜀𝜀𝜀𝜀	𝜀𝜀𝜀𝜀	NOUN
eistud-34325	155	3	is	be	AUX
eistud-34325	155	4	gross	gross	ADJ
eistud-34325	155	5	domestic	domestic	ADJ
eistud-34325	155	6	saving	saving	NOUN
eistud-34325	155	7	divided	divide	VERB
eistud-34325	155	8	by	by	ADP
eistud-34325	155	9	the	the	DET
eistud-34325	155	10	gross	gross	ADJ
eistud-34325	155	11	domestic	domestic	ADJ
eistud-34325	155	12	product	product	NOUN
eistud-34325	155	13	in	in	ADP
eistud-34325	155	14	country	country	NOUN
eistud-34325	155	15	‘	'	PUNCT
eistud-34325	155	16	i	i	PRON
eistud-34325	155	17	’	'	PUNCT
eistud-34325	155	18	.	.	PUNCT
eistud-34325	156	1	this	this	DET
eistud-34325	156	2	simple	simple	ADJ
eistud-34325	156	3	regression	regression	NOUN
eistud-34325	156	4	equation	equation	NOUN
eistud-34325	156	5	has	have	VERB
eistud-34325	156	6	an	an	DET
eistud-34325	156	7	interesting	interesting	ADJ
eistud-34325	156	8	and	and	CCONJ
eistud-34325	156	9	non	non	ADJ
eistud-34325	156	10	-	-	ADJ
eistud-34325	156	11	trivial	trivial	ADJ
eistud-34325	156	12	interpretation	interpretation	NOUN
eistud-34325	156	13	.	.	PUNCT
eistud-34325	157	1	under	under	ADP
eistud-34325	157	2	assumption	assumption	NOUN
eistud-34325	157	3	of	of	ADP
eistud-34325	157	4	perfect	perfect	ADJ
eistud-34325	157	5	international	international	ADJ
eistud-34325	157	6	capital	capital	NOUN
eistud-34325	157	7	mobility	mobility	NOUN
eistud-34325	157	8	(	(	PUNCT
eistud-34325	157	9	as	as	ADP
eistud-34325	157	10	many	many	ADJ
eistud-34325	157	11	claim	claim	NOUN
eistud-34325	157	12	is	be	AUX
eistud-34325	157	13	true	true	ADJ
eistud-34325	157	14	these	these	DET
eistud-34325	157	15	days	day	NOUN
eistud-34325	157	16	)	)	PUNCT
eistud-34325	157	17	,	,	PUNCT
eistud-34325	157	18	any	any	DET
eistud-34325	157	19	additional	additional	ADJ
eistud-34325	157	20	saving	saving	NOUN
eistud-34325	157	21	in	in	ADP
eistud-34325	157	22	a	a	DET
eistud-34325	157	23	country	country	NOUN
eistud-34325	157	24	‘	'	PUNCT
eistud-34325	157	25	i	i	PRON
eistud-34325	157	26	’	'	PUNCT
eistud-34325	157	27	should	should	AUX
eistud-34325	157	28	result	result	VERB
eistud-34325	157	29	in	in	ADP
eistud-34325	157	30	an	an	DET
eistud-34325	157	31	increase	increase	NOUN
eistud-34325	157	32	in	in	ADP
eistud-34325	157	33	investment	investment	NOUN
eistud-34325	157	34	in	in	ADP
eistud-34325	157	35	all	all	DET
eistud-34325	157	36	countries	country	NOUN
eistud-34325	157	37	.	.	PUNCT
eistud-34325	158	1	the	the	DET
eistud-34325	158	2	way	way	NOUN
eistud-34325	158	3	this	this	DET
eistud-34325	158	4	additional	additional	ADJ
eistud-34325	158	5	saving	saving	NOUN
eistud-34325	158	6	in	in	ADP
eistud-34325	158	7	country	country	NOUN
eistud-34325	158	8	‘	'	PUNCT
eistud-34325	158	9	i	i	PRON
eistud-34325	158	10	’	'	PUNCT
eistud-34325	158	11	is	be	AUX
eistud-34325	158	12	distributed	distribute	VERB
eistud-34325	158	13	among	among	ADP
eistud-34325	158	14	other	other	ADJ
eistud-34325	158	15	countries	country	NOUN
eistud-34325	158	16	depends	depend	VERB
eistud-34325	158	17	on	on	ADP
eistud-34325	158	18	two	two	NUM
eistud-34325	158	19	characteristics	characteristic	NOUN
eistud-34325	158	20	in	in	ADP
eistud-34325	158	21	the	the	DET
eistud-34325	158	22	opposite	opposite	ADJ
eistud-34325	158	23	manner	manner	NOUN
eistud-34325	158	24	.	.	PUNCT
eistud-34325	159	1	it	it	PRON
eistud-34325	159	2	depends	depend	VERB
eistud-34325	159	3	positively	positively	ADV
eistud-34325	159	4	on	on	ADP
eistud-34325	159	5	each	each	DET
eistud-34325	159	6	other	other	ADJ
eistud-34325	159	7	(	(	PUNCT
eistud-34325	159	8	receiving	receiving	NOUN
eistud-34325	159	9	)	)	PUNCT
eistud-34325	159	10	country	country	NOUN
eistud-34325	159	11	initial	initial	ADJ
eistud-34325	159	12	capital	capital	NOUN
eistud-34325	159	13	stock	stock	NOUN
eistud-34325	159	14	.	.	PUNCT
eistud-34325	160	1	it	it	PRON
eistud-34325	160	2	depends	depend	VERB
eistud-34325	160	3	negatively	negatively	ADV
eistud-34325	160	4	on	on	ADP
eistud-34325	160	5	elasticity	elasticity	NOUN
eistud-34325	160	6	of	of	ADP
eistud-34325	160	7	the	the	DET
eistud-34325	160	8	country	country	NOUN
eistud-34325	160	9	’s	’s	PART
eistud-34325	160	10	marginal	marginal	ADJ
eistud-34325	160	11	product	product	NOUN
eistud-34325	160	12	of	of	ADP
eistud-34325	160	13	capital	capital	NOUN
eistud-34325	160	14	schedule	schedule	NOUN
eistud-34325	160	15	.	.	PUNCT
eistud-34325	161	1	when	when	SCONJ
eistud-34325	161	2	the	the	DET
eistud-34325	161	3	country	country	NOUN
eistud-34325	161	4	experiencing	experience	VERB
eistud-34325	161	5	increase	increase	NOUN
eistud-34325	161	6	in	in	ADP
eistud-34325	161	7	savings	saving	NOUN
eistud-34325	161	8	is	be	AUX
eistud-34325	161	9	a	a	DET
eistud-34325	161	10	very	very	ADV
eistud-34325	161	11	small	small	ADJ
eistud-34325	161	12	economy	economy	NOUN
eistud-34325	161	13	,	,	PUNCT
eistud-34325	161	14	and	and	CCONJ
eistud-34325	161	15	represents	represent	VERB
eistud-34325	161	16	a	a	DET
eistud-34325	161	17	tiny	tiny	ADJ
eistud-34325	161	18	fraction	fraction	NOUN
eistud-34325	161	19	of	of	ADP
eistud-34325	161	20	total	total	ADJ
eistud-34325	161	21	world	world	NOUN
eistud-34325	161	22	capital	capital	NOUN
eistud-34325	161	23	,	,	PUNCT
eistud-34325	161	24	estimates	estimate	NOUN
eistud-34325	161	25	of	of	ADP
eistud-34325	161	26	‘	'	PUNCT
eistud-34325	161	27	β	β	X
eistud-34325	161	28	’	'	PUNCT
eistud-34325	161	29	would	would	AUX
eistud-34325	161	30	be	be	AUX
eistud-34325	161	31	zero	zero	NUM
eistud-34325	161	32	.	.	PUNCT
eistud-34325	162	1	all	all	DET
eistud-34325	162	2	the	the	DET
eistud-34325	162	3	additional	additional	ADJ
eistud-34325	162	4	savings	saving	NOUN
eistud-34325	162	5	would	would	AUX
eistud-34325	162	6	be	be	AUX
eistud-34325	162	7	absorbed	absorb	VERB
eistud-34325	162	8	by	by	ADP
eistud-34325	162	9	other	other	ADJ
eistud-34325	162	10	countries	country	NOUN
eistud-34325	162	11	(	(	PUNCT
eistud-34325	162	12	rotw	rotw	PROPN
eistud-34325	162	13	)	)	PUNCT
eistud-34325	162	14	,	,	PUNCT
eistud-34325	162	15	and	and	CCONJ
eistud-34325	162	16	the	the	DET
eistud-34325	162	17	domestic	domestic	ADJ
eistud-34325	162	18	investment	investment	NOUN
eistud-34325	162	19	would	would	AUX
eistud-34325	162	20	not	not	PART
eistud-34325	162	21	respond	respond	VERB
eistud-34325	162	22	at	at	ADV
eistud-34325	162	23	all	all	ADV
eistud-34325	162	24	in	in	ADP
eistud-34325	162	25	such	such	DET
eistud-34325	162	26	an	an	DET
eistud-34325	162	27	extreme	extreme	ADJ
eistud-34325	162	28	case	case	NOUN
eistud-34325	162	29	.	.	PUNCT
eistud-34325	163	1	this	this	PRON
eistud-34325	163	2	means	mean	VERB
eistud-34325	163	3	that	that	SCONJ
eistud-34325	163	4	the	the	DET
eistud-34325	163	5	value	value	NOUN
eistud-34325	163	6	of	of	ADP
eistud-34325	163	7	‘	'	PUNCT
eistud-34325	163	8	β	β	NOUN
eistud-34325	163	9	’	'	PUNCT
eistud-34325	163	10	under	under	ADP
eistud-34325	163	11	perfect	perfect	ADJ
eistud-34325	163	12	capital	capital	NOUN
eistud-34325	163	13	mobility	mobility	NOUN
eistud-34325	163	14	(	(	PUNCT
eistud-34325	163	15	associated	associate	VERB
eistud-34325	163	16	with	with	ADP
eistud-34325	163	17	equalizing	equalize	VERB
eistud-34325	163	18	yield	yield	NOUN
eistud-34325	163	19	across	across	ADP
eistud-34325	163	20	the	the	DET
eistud-34325	163	21	countries	country	NOUN
eistud-34325	163	22	)	)	PUNCT
eistud-34325	163	23	represents	represent	VERB
eistud-34325	163	24	each	each	DET
eistud-34325	163	25	country	country	NOUN
eistud-34325	163	26	share	share	VERB
eistud-34325	163	27	in	in	ADP
eistud-34325	163	28	total	total	ADJ
eistud-34325	163	29	world	world	NOUN
eistud-34325	163	30	capital	capital	NOUN
eistud-34325	163	31	.	.	PUNCT
eistud-34325	164	1	all	all	DET
eistud-34325	164	2	additional	additional	ADJ
eistud-34325	164	3	domestic	domestic	ADJ
eistud-34325	164	4	savings	saving	NOUN
eistud-34325	164	5	add	add	VERB
eistud-34325	164	6	to	to	ADP
eistud-34325	164	7	this	this	DET
eistud-34325	164	8	global	global	ADJ
eistud-34325	164	9	stock	stock	NOUN
eistud-34325	164	10	,	,	PUNCT
eistud-34325	164	11	without	without	ADP
eistud-34325	164	12	any	any	DET
eistud-34325	164	13	fractions	fraction	NOUN
eistud-34325	164	14	withheld	withhold	VERB
eistud-34325	164	15	from	from	ADP
eistud-34325	164	16	it	it	PRON
eistud-34325	164	17	due	due	ADP
eistud-34325	164	18	to	to	ADP
eistud-34325	164	19	any	any	DET
eistud-34325	164	20	legal	legal	ADJ
eistud-34325	164	21	,	,	PUNCT
eistud-34325	164	22	institutional	institutional	ADJ
eistud-34325	164	23	,	,	PUNCT
eistud-34325	164	24	or	or	CCONJ
eistud-34325	164	25	transactions	transaction	NOUN
eistud-34325	164	26	costs	cost	NOUN
eistud-34325	164	27	-	-	PUNCT
eistud-34325	164	28	reasons	reason	NOUN
eistud-34325	164	29	(	(	PUNCT
eistud-34325	164	30	bywaters	bywater	NOUN
eistud-34325	164	31	and	and	CCONJ
eistud-34325	164	32	mlodkowski	mlodkowski	NOUN
eistud-34325	164	33	2012	2012	NUM
eistud-34325	164	34	)	)	PUNCT
eistud-34325	164	35	.	.	PUNCT
eistud-34325	165	1	under	under	ADP
eistud-34325	165	2	conditions	condition	NOUN
eistud-34325	165	3	of	of	ADP
eistud-34325	165	4	no	no	DET
eistud-34325	165	5	capital	capital	NOUN
eistud-34325	165	6	mobility	mobility	NOUN
eistud-34325	165	7	,	,	PUNCT
eistud-34325	165	8	the	the	DET
eistud-34325	165	9	equation	equation	NOUN
eistud-34325	165	10	1	1	NUM
eistud-34325	165	11	would	would	AUX
eistud-34325	165	12	return	return	VERB
eistud-34325	165	13	estimates	estimate	NOUN
eistud-34325	165	14	of	of	ADP
eistud-34325	165	15	‘	'	PUNCT
eistud-34325	165	16	β	β	NOUN
eistud-34325	165	17	’	'	PUNCT
eistud-34325	165	18	at	at	ADP
eistud-34325	165	19	unity	unity	NOUN
eistud-34325	165	20	.	.	PUNCT
eistud-34325	166	1	this	this	PRON
eistud-34325	166	2	would	would	AUX
eistud-34325	166	3	reflect	reflect	VERB
eistud-34325	166	4	the	the	DET
eistud-34325	166	5	fact	fact	NOUN
eistud-34325	166	6	that	that	SCONJ
eistud-34325	166	7	any	any	DET
eistud-34325	166	8	incremental	incremental	ADJ
eistud-34325	166	9	saving	saving	NOUN
eistud-34325	166	10	in	in	ADP
eistud-34325	166	11	each	each	DET
eistud-34325	166	12	country	country	NOUN
eistud-34325	166	13	remains	remain	VERB
eistud-34325	166	14	in	in	ADP
eistud-34325	166	15	the	the	DET
eistud-34325	166	16	domestic	domestic	ADJ
eistud-34325	166	17	economy	economy	NOUN
eistud-34325	166	18	and	and	CCONJ
eistud-34325	166	19	fuels	fuel	VERB
eistud-34325	166	20	domestic	domestic	ADJ
eistud-34325	166	21	investment	investment	NOUN
eistud-34325	166	22	only	only	ADV
eistud-34325	166	23	.	.	PUNCT
eistud-34325	167	1	as	as	SCONJ
eistud-34325	167	2	noted	note	VERB
eistud-34325	167	3	already	already	ADV
eistud-34325	167	4	by	by	ADP
eistud-34325	167	5	feldstein	feldstein	NOUN
eistud-34325	167	6	and	and	CCONJ
eistud-34325	167	7	horioka	horioka	NOUN
eistud-34325	167	8	(	(	PUNCT
eistud-34325	167	9	1980	1980	NUM
eistud-34325	167	10	)	)	PUNCT
eistud-34325	167	11	,	,	PUNCT
eistud-34325	167	12	in	in	SCONJ
eistud-34325	167	13	case	case	NOUN
eistud-34325	167	14	savings	saving	NOUN
eistud-34325	167	15	and	and	CCONJ
eistud-34325	167	16	investment	investment	NOUN
eistud-34325	167	17	are	be	AUX
eistud-34325	167	18	driven	drive	VERB
eistud-34325	167	19	by	by	ADP
eistud-34325	167	20	the	the	DET
eistud-34325	167	21	same	same	ADJ
eistud-34325	167	22	exogenous	exogenous	ADJ
eistud-34325	167	23	factors	factor	NOUN
eistud-34325	167	24	,	,	PUNCT
eistud-34325	167	25	estimates	estimate	NOUN
eistud-34325	167	26	of	of	ADP
eistud-34325	167	27	‘	'	PUNCT
eistud-34325	167	28	β	β	X
eistud-34325	167	29	’	'	PUNCT
eistud-34325	167	30	may	may	AUX
eistud-34325	167	31	be	be	AUX
eistud-34325	167	32	close	close	ADJ
eistud-34325	167	33	to	to	ADP
eistud-34325	167	34	unity	unity	NOUN
eistud-34325	167	35	.	.	PUNCT
eistud-34325	168	1	however	however	ADV
eistud-34325	168	2	,	,	PUNCT
eistud-34325	168	3	such	such	ADJ
eistud-34325	168	4	interpretation	interpretation	NOUN
eistud-34325	168	5	is	be	AUX
eistud-34325	168	6	inconsistent	inconsistent	ADJ
eistud-34325	168	7	with	with	ADP
eistud-34325	168	8	the	the	DET
eistud-34325	168	9	hypothesis	hypothesis	NOUN
eistud-34325	168	10	of	of	ADP
eistud-34325	168	11	perfect	perfect	ADJ
eistud-34325	168	12	world	world	NOUN
eistud-34325	168	13	capital	capital	NOUN
eistud-34325	168	14	mobility	mobility	NOUN
eistud-34325	168	15	.	.	PUNCT
eistud-34325	169	1	the	the	DET
eistud-34325	169	2	domestic	domestic	ADJ
eistud-34325	169	3	saving	saving	NOUN
eistud-34325	169	4	rate	rate	NOUN
eistud-34325	169	5	does	do	AUX
eistud-34325	169	6	not	not	PART
eistud-34325	169	7	depend	depend	VERB
eistud-34325	169	8	on	on	ADP
eistud-34325	169	9	the	the	DET
eistud-34325	169	10	domestic	domestic	ADJ
eistud-34325	169	11	investment	investment	NOUN
eistud-34325	169	12	opportunities	opportunity	NOUN
eistud-34325	169	13	,	,	PUNCT
eistud-34325	169	14	unless	unless	SCONJ
eistud-34325	169	15	it	it	PRON
eistud-34325	169	16	is	be	AUX
eistud-34325	169	17	a	a	DET
eistud-34325	169	18	closed	closed	ADJ
eistud-34325	169	19	economy	economy	NOUN
eistud-34325	169	20	in	in	ADP
eistud-34325	169	21	which	which	PRON
eistud-34325	169	22	exogenous	exogenous	ADJ
eistud-34325	169	23	changes	change	NOUN
eistud-34325	169	24	in	in	ADP
eistud-34325	169	25	the	the	DET
eistud-34325	169	26	level	level	NOUN
eistud-34325	169	27	of	of	ADP
eistud-34325	169	28	investment	investment	NOUN
eistud-34325	169	29	influence	influence	NOUN
eistud-34325	169	30	adjustments	adjustment	NOUN
eistud-34325	169	31	in	in	ADP
eistud-34325	169	32	income	income	NOUN
eistud-34325	169	33	,	,	PUNCT
eistud-34325	169	34	until	until	ADP
eistud-34325	169	35	savings	saving	NOUN
eistud-34325	169	36	equal	equal	ADJ
eistud-34325	169	37	investment	investment	NOUN
eistud-34325	169	38	(	(	PUNCT
eistud-34325	169	39	as	as	SCONJ
eistud-34325	169	40	stated	state	VERB
eistud-34325	169	41	already	already	ADV
eistud-34325	169	42	by	by	ADP
eistud-34325	169	43	j.	j.	PROPN
eistud-34325	169	44	m.	m.	PROPN
eistud-34325	169	45	keynes	keynes	PROPN
eistud-34325	169	46	)	)	PUNCT
eistud-34325	169	47	.	.	PUNCT
eistud-34325	170	1	past	past	ADP
eistud-34325	170	2	empirical	empirical	ADJ
eistud-34325	170	3	research	research	NOUN
eistud-34325	170	4	on	on	ADP
eistud-34325	170	5	relationship	relationship	NOUN
eistud-34325	170	6	between	between	ADP
eistud-34325	170	7	saving	saving	NOUN
eistud-34325	170	8	and	and	CCONJ
eistud-34325	170	9	investment	investment	NOUN
eistud-34325	170	10	(	(	PUNCT
eistud-34325	170	11	byrne	byrne	PROPN
eistud-34325	170	12	et	et	PROPN
eistud-34325	170	13	al	al	PROPN
eistud-34325	170	14	.	.	PROPN
eistud-34325	170	15	2009	2009	NUM
eistud-34325	170	16	.	.	PUNCT
eistud-34325	171	1	drakos	drakos	PROPN
eistud-34325	171	2	et	et	PROPN
eistud-34325	171	3	al	al	PROPN
eistud-34325	171	4	.	.	PROPN
eistud-34325	171	5	2018	2018	NUM
eistud-34325	171	6	.	.	PUNCT
eistud-34325	172	1	ginama	ginama	NOUN
eistud-34325	172	2	et	et	PROPN
eistud-34325	172	3	al	al	PROPN
eistud-34325	172	4	.	.	PROPN
eistud-34325	172	5	2018	2018	NUM
eistud-34325	172	6	,	,	PUNCT
eistud-34325	172	7	and	and	CCONJ
eistud-34325	172	8	a	a	DET
eistud-34325	172	9	review	review	NOUN
eistud-34325	172	10	of	of	ADP
eistud-34325	172	11	a	a	DET
eistud-34325	172	12	multitude	multitude	NOUN
eistud-34325	172	13	of	of	ADP
eistud-34325	172	14	these	these	DET
eistud-34325	172	15	studies	study	NOUN
eistud-34325	172	16	by	by	ADP
eistud-34325	172	17	apergis	apergis	NOUN
eistud-34325	172	18	and	and	CCONJ
eistud-34325	172	19	tsoueuropean	tsoueuropean	ADJ
eistud-34325	172	20	integrat	integrat	NOUN
eistud-34325	172	21	ion	ion	NOUN
eistud-34325	172	22	studies2023/17	studies2023/17	NOUN
eistud-34325	172	23	114	114	NUM
eistud-34325	172	24	mas	mas	PROPN
eistud-34325	172	25	2009	2009	NUM
eistud-34325	172	26	)	)	PUNCT
eistud-34325	172	27	,	,	PUNCT
eistud-34325	172	28	under	under	ADP
eistud-34325	172	29	growing	grow	VERB
eistud-34325	172	30	international	international	ADJ
eistud-34325	172	31	capital	capital	NOUN
eistud-34325	172	32	mobility	mobility	NOUN
eistud-34325	172	33	delivered	deliver	VERB
eistud-34325	172	34	mixed	mixed	ADJ
eistud-34325	172	35	evidence	evidence	NOUN
eistud-34325	172	36	.	.	PUNCT
eistud-34325	173	1	high	high	ADJ
eistud-34325	173	2	observed	observe	VERB
eistud-34325	173	3	values	value	NOUN
eistud-34325	173	4	of	of	ADP
eistud-34325	173	5	‘	'	PUNCT
eistud-34325	173	6	β	β	X
eistud-34325	173	7	’	'	PUNCT
eistud-34325	173	8	may	may	AUX
eistud-34325	173	9	have	have	AUX
eistud-34325	173	10	reflected	reflect	VERB
eistud-34325	173	11	many	many	ADJ
eistud-34325	173	12	countryand	countryand	ADJ
eistud-34325	173	13	period	period	NOUN
eistud-34325	173	14	-	-	PUNCT
eistud-34325	173	15	specific	specific	ADJ
eistud-34325	173	16	causes	cause	NOUN
eistud-34325	173	17	of	of	ADP
eistud-34325	173	18	the	the	DET
eistud-34325	173	19	variation	variation	NOUN
eistud-34325	173	20	in	in	ADP
eistud-34325	173	21	both	both	PRON
eistud-34325	173	22	of	of	ADP
eistud-34325	173	23	these	these	DET
eistud-34325	173	24	macroeconomic	macroeconomic	ADJ
eistud-34325	173	25	aggregates	aggregate	NOUN
eistud-34325	173	26	.	.	PUNCT
eistud-34325	174	1	high	high	ADJ
eistud-34325	174	2	positive	positive	ADJ
eistud-34325	174	3	relationship	relationship	NOUN
eistud-34325	174	4	between	between	ADP
eistud-34325	174	5	investment	investment	NOUN
eistud-34325	174	6	and	and	CCONJ
eistud-34325	174	7	savings	saving	NOUN
eistud-34325	174	8	domestically	domestically	ADV
eistud-34325	174	9	has	have	VERB
eistud-34325	174	10	a	a	DET
eistud-34325	174	11	straight	straight	ADJ
eistud-34325	174	12	interpretation	interpretation	NOUN
eistud-34325	174	13	against	against	ADP
eistud-34325	174	14	presence	presence	NOUN
eistud-34325	174	15	of	of	ADP
eistud-34325	174	16	world	world	NOUN
eistud-34325	174	17	capital	capital	NOUN
eistud-34325	174	18	mobility.1	mobility.1	PROPN
eistud-34325	174	19	1	1	NUM
eistud-34325	174	20	a	a	DET
eistud-34325	174	21	regression	regression	NOUN
eistud-34325	174	22	of	of	ADP
eistud-34325	174	23	(	(	PUNCT
eistud-34325	174	24	net	net	ADJ
eistud-34325	174	25	foreign	foreign	ADJ
eistud-34325	174	26	investment	investment	NOUN
eistud-34325	174	27	/	/	SYM
eistud-34325	174	28	gdp	gdp	NOUN
eistud-34325	174	29	)	)	PUNCT
eistud-34325	174	30	on	on	ADP
eistud-34325	174	31	domestic	domestic	ADJ
eistud-34325	174	32	savings	saving	NOUN
eistud-34325	174	33	rate	rate	NOUN
eistud-34325	174	34	:	:	PUNCT
eistud-34325	174	35	!	!	PUNCT
eistud-34325	174	36	!	!	PUNCT
eistud-34325	175	1	"	"	PUNCT
eistud-34325	175	2	#	#	NOUN
eistud-34325	175	3	$	$	SYM
eistud-34325	175	4	%	%	NOUN
eistud-34325	175	5	&	&	CCONJ
eistud-34325	175	6	"	"	PUNCT
eistud-34325	175	7	'	'	PUNCT
eistud-34325	175	8	=	=	NOUN
eistud-34325	175	9	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	175	10	𝛼	𝛼	NOUN
eistud-34325	175	11	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	175	12	!	!	PUNCT
eistud-34325	176	1	(	(	PUNCT
eistud-34325	176	2	)	)	PUNCT
eistud-34325	176	3	#	#	NOUN
eistud-34325	176	4	$	$	SYM
eistud-34325	176	5	%	%	NOUN
eistud-34325	176	6	&	&	CCONJ
eistud-34325	176	7	"	"	PUNCT
eistud-34325	176	8	'	'	PUNCT
eistud-34325	176	9	𝛼	𝛼	X
eistud-34325	176	10	𝜀𝜀𝜀𝜀	𝜀𝜀𝜀𝜀	NOUN
eistud-34325	176	11	(	(	PUNCT
eistud-34325	176	12	1	1	NUM
eistud-34325	176	13	)	)	PUNCT
eistud-34325	176	14	1	1	NUM
eistud-34325	176	15	a	a	DET
eistud-34325	176	16	regression	regression	NOUN
eistud-34325	176	17	of	of	ADP
eistud-34325	176	18	(	(	PUNCT
eistud-34325	176	19	net	net	ADJ
eistud-34325	176	20	foreign	foreign	ADJ
eistud-34325	176	21	investment	investment	NOUN
eistud-34325	176	22	/	/	SYM
eistud-34325	176	23	gdp	gdp	NOUN
eistud-34325	176	24	)	)	PUNCT
eistud-34325	176	25	on	on	ADP
eistud-34325	176	26	domestic	domestic	ADJ
eistud-34325	176	27	savings	saving	NOUN
eistud-34325	176	28	rate	rate	NOUN
eistud-34325	176	29	:	:	PUNCT
eistud-34325	176	30	!	!	PUNCT
eistud-34325	177	1	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝐺𝐺𝐺𝐺	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝐺𝐺𝐺𝐺	PROPN
eistud-34325	177	2	𝑆𝑆𝑆𝑆−	𝑆𝑆𝑆𝑆−	PROPN
eistud-34325	177	3	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
eistud-34325	177	4	𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝑆𝑆𝑆𝑆	𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝐼𝑆𝑆𝑆𝑆	PROPN
eistud-34325	177	5	"	"	PUNCT
eistud-34325	177	6	!	!	PUNCT
eistud-34325	178	1	=	=	NOUN
eistud-34325	178	2	𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼	NOUN
eistud-34325	178	3	𝛼	𝛼	NOUN
eistud-34325	178	4	𝛼𝛼𝛼𝛼𝛼	𝛼𝛼𝛼𝛼𝛼	NOUN
eistud-34325	178	5	𝛼	𝛼	PRON
eistud-34325	178	6	𝛼𝛼	𝛼𝛼	ADP
eistud-34325	178	7	!	!	PUNCT
eistud-34325	179	1	𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺	PROPN
eistud-34325	179	2	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆𝑆𝑆𝑆𝑆	PROPN
eistud-34325	179	3	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
eistud-34325	179	4	𝑆𝑆𝑆𝑆	𝑆𝑆𝑆𝑆	NOUN
eistud-34325	179	5	"	"	PUNCT
eistud-34325	179	6	!	!	PUNCT
eistud-34325	180	1	𝛼	𝛼	PRON
eistud-34325	180	2	𝜀𝜀𝜀𝜀	𝜀𝜀𝜀𝜀	NOUN
eistud-34325	180	3	would	would	AUX
eistud-34325	180	4	have	have	VERB
eistud-34325	180	5	a	a	DET
eistud-34325	180	6	coefficient	coefficient	NOUN
eistud-34325	180	7	of	of	ADP
eistud-34325	180	8	‘	'	PUNCT
eistud-34325	180	9	β-1	β-1	PRON
eistud-34325	180	10	’	'	PUNCT
eistud-34325	180	11	,	,	PUNCT
eistud-34325	180	12	and	and	CCONJ
eistud-34325	180	13	would	would	AUX
eistud-34325	180	14	allow	allow	VERB
eistud-34325	180	15	for	for	ADP
eistud-34325	180	16	testing	test	VERB
eistud-34325	180	17	a	a	DET
eistud-34325	180	18	hypothesis	hypothesis	NOUN
eistud-34325	180	19	that	that	PRON
eistud-34325	180	20	the	the	DET
eistud-34325	180	21	international	international	ADJ
eistud-34325	180	22	capital	capital	NOUN
eistud-34325	180	23	flows	flow	NOUN
eistud-34325	180	24	do	do	AUX
eistud-34325	180	25	not	not	PART
eistud-34325	180	26	depend	depend	VERB
eistud-34325	180	27	on	on	ADP
eistud-34325	180	28	domestic	domestic	ADJ
eistud-34325	180	29	savings	saving	NOUN
eistud-34325	180	30	.	.	PUNCT
eistud-34325	181	1	the	the	DET
eistud-34325	181	2	data	datum	NOUN
eistud-34325	181	3	set	set	VERB
eistud-34325	181	4	the	the	DET
eistud-34325	181	5	sample	sample	NOUN
eistud-34325	181	6	comprises	comprise	NOUN
eistud-34325	181	7	of	of	ADP
eistud-34325	181	8	43	43	NUM
eistud-34325	181	9	countries	country	NOUN
eistud-34325	181	10	.	.	PUNCT
eistud-34325	182	1	there	there	PRON
eistud-34325	182	2	are	be	VERB
eistud-34325	182	3	27	27	NUM
eistud-34325	182	4	european	european	PROPN
eistud-34325	182	5	union	union	PROPN
eistud-34325	182	6	member	member	NOUN
eistud-34325	182	7	states	state	NOUN
eistud-34325	182	8	,	,	PUNCT
eistud-34325	182	9	and	and	CCONJ
eistud-34325	182	10	the	the	DET
eistud-34325	182	11	remaining	remain	VERB
eistud-34325	182	12	16	16	NUM
eistud-34325	182	13	other	other	ADJ
eistud-34325	182	14	subjects	subject	NOUN
eistud-34325	182	15	are	be	AUX
eistud-34325	182	16	non	non	ADJ
eistud-34325	182	17	-	-	ADJ
eistud-34325	182	18	eu	eu	ADJ
eistud-34325	182	19	oecd	oecd	PROPN
eistud-34325	182	20	countries	country	NOUN
eistud-34325	182	21	.	.	PUNCT
eistud-34325	183	1	the	the	DET
eistud-34325	183	2	period	period	NOUN
eistud-34325	183	3	for	for	ADP
eistud-34325	183	4	estimating	estimate	VERB
eistud-34325	183	5	linear	linear	ADJ
eistud-34325	183	6	regression	regression	NOUN
eistud-34325	183	7	models	model	NOUN
eistud-34325	183	8	is	be	AUX
eistud-34325	183	9	from	from	ADP
eistud-34325	183	10	2010	2010	NUM
eistud-34325	183	11	to	to	ADP
eistud-34325	183	12	2020	2020	NUM
eistud-34325	183	13	.	.	PUNCT
eistud-34325	184	1	this	this	DET
eistud-34325	184	2	choice	choice	NOUN
eistud-34325	184	3	was	be	AUX
eistud-34325	184	4	based	base	VERB
eistud-34325	184	5	on	on	ADP
eistud-34325	184	6	data	datum	NOUN
eistud-34325	184	7	availability	availability	NOUN
eistud-34325	184	8	,	,	PUNCT
eistud-34325	184	9	as	as	ADV
eistud-34325	184	10	well	well	ADV
eistud-34325	184	11	as	as	ADP
eistud-34325	184	12	reasons	reason	NOUN
eistud-34325	184	13	resulting	result	VERB
eistud-34325	184	14	from	from	ADP
eistud-34325	184	15	2008	2008	NUM
eistud-34325	184	16	-	-	PUNCT
eistud-34325	184	17	crisis	crisis	NOUN
eistud-34325	184	18	impact	impact	NOUN
eistud-34325	184	19	on	on	ADP
eistud-34325	184	20	saving	save	VERB
eistud-34325	184	21	and	and	CCONJ
eistud-34325	184	22	investing	investing	NOUN
eistud-34325	184	23	behavior	behavior	NOUN
eistud-34325	184	24	.	.	PUNCT
eistud-34325	185	1	an	an	DET
eistud-34325	185	2	initial	initial	ADJ
eistud-34325	185	3	coverage	coverage	NOUN
eistud-34325	185	4	(	(	PUNCT
eistud-34325	185	5	2004	2004	NUM
eistud-34325	185	6	-	-	SYM
eistud-34325	185	7	2020	2020	NUM
eistud-34325	185	8	)	)	PUNCT
eistud-34325	185	9	,	,	PUNCT
eistud-34325	185	10	which	which	PRON
eistud-34325	185	11	included	include	VERB
eistud-34325	185	12	immediate	immediate	ADJ
eistud-34325	185	13	pre	pre	NOUN
eistud-34325	185	14	-	-	NOUN
eistud-34325	185	15	crisis	crisis	NOUN
eistud-34325	185	16	and	and	CCONJ
eistud-34325	185	17	post	post	ADJ
eistud-34325	185	18	-	-	ADJ
eistud-34325	185	19	crises	crisis	NOUN
eistud-34325	185	20	years	year	NOUN
eistud-34325	185	21	,	,	PUNCT
eistud-34325	185	22	resulted	result	VERB
eistud-34325	185	23	in	in	ADP
eistud-34325	185	24	non	non	ADJ
eistud-34325	185	25	-	-	ADJ
eistud-34325	185	26	robust	robust	ADJ
eistud-34325	185	27	results	result	NOUN
eistud-34325	185	28	.	.	PUNCT
eistud-34325	186	1	reducing	reduce	VERB
eistud-34325	186	2	the	the	DET
eistud-34325	186	3	period	period	NOUN
eistud-34325	186	4	covered	cover	VERB
eistud-34325	186	5	by	by	ADP
eistud-34325	186	6	the	the	DET
eistud-34325	186	7	study	study	NOUN
eistud-34325	186	8	to	to	ADP
eistud-34325	186	9	2010	2010	NUM
eistud-34325	186	10	-	-	SYM
eistud-34325	186	11	2020	2020	NUM
eistud-34325	186	12	increased	increase	VERB
eistud-34325	186	13	greatly	greatly	ADV
eistud-34325	186	14	the	the	DET
eistud-34325	186	15	robustness	robustness	NOUN
eistud-34325	186	16	of	of	ADP
eistud-34325	186	17	results	result	NOUN
eistud-34325	186	18	.	.	PUNCT
eistud-34325	187	1	however	however	ADV
eistud-34325	187	2	,	,	PUNCT
eistud-34325	187	3	there	there	PRON
eistud-34325	187	4	has	have	AUX
eistud-34325	187	5	still	still	ADV
eistud-34325	187	6	been	be	AUX
eistud-34325	187	7	a	a	DET
eistud-34325	187	8	significantly	significantly	ADV
eistud-34325	187	9	weaker	weak	ADJ
eistud-34325	187	10	fit	fit	NOUN
eistud-34325	187	11	of	of	ADP
eistud-34325	187	12	regressions	regression	NOUN
eistud-34325	187	13	run	run	VERB
eistud-34325	187	14	for	for	ADP
eistud-34325	187	15	20102014	20102014	NUM
eistud-34325	187	16	period	period	NOUN
eistud-34325	187	17	.	.	PUNCT
eistud-34325	188	1	all	all	DET
eistud-34325	188	2	the	the	DET
eistud-34325	188	3	blame	blame	NOUN
eistud-34325	188	4	is	be	AUX
eistud-34325	188	5	here	here	ADV
eistud-34325	188	6	on	on	ADP
eistud-34325	188	7	post-2008	post-2008	NOUN
eistud-34325	188	8	-	-	PUNCT
eistud-34325	188	9	crisis	crisis	NOUN
eistud-34325	188	10	recovery	recovery	NOUN
eistud-34325	188	11	.	.	PUNCT
eistud-34325	189	1	for	for	ADP
eistud-34325	189	2	each	each	PRON
eistud-34325	189	3	of	of	ADP
eistud-34325	189	4	43	43	NUM
eistud-34325	189	5	countries	country	NOUN
eistud-34325	189	6	in	in	ADP
eistud-34325	189	7	the	the	DET
eistud-34325	189	8	sample	sample	NOUN
eistud-34325	189	9	,	,	PUNCT
eistud-34325	189	10	time	time	NOUN
eistud-34325	189	11	series	series	NOUN
eistud-34325	189	12	for	for	ADP
eistud-34325	189	13	gross	gross	ADJ
eistud-34325	189	14	domestic	domestic	ADJ
eistud-34325	189	15	product	product	NOUN
eistud-34325	189	16	,	,	PUNCT
eistud-34325	189	17	gross	gross	ADJ
eistud-34325	189	18	capital	capital	NOUN
eistud-34325	189	19	formation	formation	NOUN
eistud-34325	189	20	(	(	PUNCT
eistud-34325	189	21	dependent	dependent	ADJ
eistud-34325	189	22	variable	variable	NOUN
eistud-34325	189	23	)	)	PUNCT
eistud-34325	189	24	,	,	PUNCT
eistud-34325	189	25	and	and	CCONJ
eistud-34325	189	26	gross	gross	ADJ
eistud-34325	189	27	domestic	domestic	ADJ
eistud-34325	189	28	savings	saving	NOUN
eistud-34325	189	29	(	(	PUNCT
eistud-34325	189	30	independent	independent	ADJ
eistud-34325	189	31	variable	variable	NOUN
eistud-34325	189	32	)	)	PUNCT
eistud-34325	189	33	were	be	AUX
eistud-34325	189	34	retrieved	retrieve	VERB
eistud-34325	189	35	from	from	ADP
eistud-34325	189	36	the	the	DET
eistud-34325	189	37	world	world	NOUN
eistud-34325	189	38	development	development	NOUN
eistud-34325	189	39	indicators	indicator	NOUN
eistud-34325	189	40	database	database	VERB
eistud-34325	189	41	,	,	PUNCT
eistud-34325	189	42	by	by	ADP
eistud-34325	189	43	the	the	DET
eistud-34325	189	44	world	world	PROPN
eistud-34325	189	45	bank	bank	PROPN
eistud-34325	189	46	.	.	PUNCT
eistud-34325	190	1	annual	annual	ADJ
eistud-34325	190	2	records	record	NOUN
eistud-34325	190	3	of	of	ADP
eistud-34325	190	4	all	all	DET
eistud-34325	190	5	variables	variable	NOUN
eistud-34325	190	6	were	be	AUX
eistud-34325	190	7	denominated	denominate	VERB
eistud-34325	190	8	in	in	ADP
eistud-34325	190	9	the	the	DET
eistud-34325	190	10	domestic	domestic	ADJ
eistud-34325	190	11	currencies	currency	NOUN
eistud-34325	190	12	.	.	PUNCT
eistud-34325	191	1	these	these	DET
eistud-34325	191	2	records	record	NOUN
eistud-34325	191	3	served	serve	VERB
eistud-34325	191	4	in	in	ADP
eistud-34325	191	5	calculation	calculation	NOUN
eistud-34325	191	6	of	of	ADP
eistud-34325	191	7	saving	saving	NOUN
eistud-34325	191	8	and	and	CCONJ
eistud-34325	191	9	investment	investment	NOUN
eistud-34325	191	10	ratios	ratio	NOUN
eistud-34325	191	11	for	for	ADP
eistud-34325	191	12	each	each	DET
eistud-34325	191	13	year	year	NOUN
eistud-34325	191	14	over	over	ADP
eistud-34325	191	15	the	the	DET
eistud-34325	191	16	sample	sample	NOUN
eistud-34325	191	17	period	period	NOUN
eistud-34325	191	18	(	(	PUNCT
eistud-34325	191	19	2010	2010	NUM
eistud-34325	191	20	-	-	SYM
eistud-34325	191	21	2020	2020	NUM
eistud-34325	191	22	)	)	PUNCT
eistud-34325	191	23	.	.	PUNCT
eistud-34325	192	1	then	then	ADV
eistud-34325	192	2	,	,	PUNCT
eistud-34325	192	3	the	the	DET
eistud-34325	192	4	sample	sample	NOUN
eistud-34325	192	5	was	be	AUX
eistud-34325	192	6	divided	divide	VERB
eistud-34325	192	7	into	into	ADP
eistud-34325	192	8	two	two	NUM
eistud-34325	192	9	sub	sub	NOUN
eistud-34325	192	10	-	-	ADJ
eistud-34325	192	11	periods	period	NOUN
eistud-34325	192	12	:	:	PUNCT
eistud-34325	192	13	2010	2010	NUM
eistud-34325	192	14	-	-	SYM
eistud-34325	192	15	2014	2014	NUM
eistud-34325	192	16	,	,	PUNCT
eistud-34325	192	17	and	and	CCONJ
eistud-34325	192	18	2015	2015	NUM
eistud-34325	192	19	-	-	SYM
eistud-34325	192	20	2020	2020	NUM
eistud-34325	192	21	,	,	PUNCT
eistud-34325	192	22	following	follow	VERB
eistud-34325	192	23	the	the	DET
eistud-34325	192	24	methodology	methodology	NOUN
eistud-34325	192	25	developed	develop	VERB
eistud-34325	192	26	by	by	ADP
eistud-34325	192	27	feldstein	feldstein	NOUN
eistud-34325	192	28	and	and	CCONJ
eistud-34325	192	29	horioka	horioka	NOUN
eistud-34325	192	30	(	(	PUNCT
eistud-34325	192	31	1980	1980	NUM
eistud-34325	192	32	)	)	PUNCT
eistud-34325	192	33	for	for	ADP
eistud-34325	192	34	an	an	DET
eistud-34325	192	35	identical	identical	ADJ
eistud-34325	192	36	testing	testing	NOUN
eistud-34325	192	37	.	.	PUNCT
eistud-34325	193	1	due	due	ADP
eistud-34325	193	2	to	to	ADP
eistud-34325	193	3	substantial	substantial	ADJ
eistud-34325	193	4	diversity	diversity	NOUN
eistud-34325	193	5	of	of	ADP
eistud-34325	193	6	economies	economy	NOUN
eistud-34325	193	7	included	include	VERB
eistud-34325	193	8	in	in	ADP
eistud-34325	193	9	the	the	DET
eistud-34325	193	10	sample	sample	NOUN
eistud-34325	193	11	,	,	PUNCT
eistud-34325	193	12	a	a	DET
eistud-34325	193	13	few	few	ADJ
eistud-34325	193	14	separate	separate	ADJ
eistud-34325	193	15	sub	sub	NOUN
eistud-34325	193	16	-	-	NOUN
eistud-34325	193	17	sets	set	NOUN
eistud-34325	193	18	were	be	AUX
eistud-34325	193	19	subject	subject	ADJ
eistud-34325	193	20	to	to	ADP
eistud-34325	193	21	least	least	ADJ
eistud-34325	193	22	-	-	PUNCT
eistud-34325	193	23	square	square	NOUN
eistud-34325	193	24	estimation	estimation	NOUN
eistud-34325	193	25	of	of	ADP
eistud-34325	193	26	the	the	DET
eistud-34325	193	27	relationship	relationship	NOUN
eistud-34325	193	28	between	between	ADP
eistud-34325	193	29	domestic	domestic	ADJ
eistud-34325	193	30	savings	saving	NOUN
eistud-34325	193	31	and	and	CCONJ
eistud-34325	193	32	investment	investment	NOUN
eistud-34325	193	33	.	.	PUNCT
eistud-34325	194	1	appendix	appendix	VERB
eistud-34325	194	2	presents	present	NOUN
eistud-34325	194	3	in	in	ADP
eistud-34325	194	4	table	table	NOUN
eistud-34325	194	5	a1	a1	NOUN
eistud-34325	194	6	savings	saving	NOUN
eistud-34325	194	7	and	and	CCONJ
eistud-34325	194	8	investment	investment	NOUN
eistud-34325	194	9	ratios	ratio	NOUN
eistud-34325	194	10	for	for	ADP
eistud-34325	194	11	a	a	DET
eistud-34325	194	12	group	group	NOUN
eistud-34325	194	13	of	of	ADP
eistud-34325	194	14	countries	country	NOUN
eistud-34325	194	15	that	that	PRON
eistud-34325	194	16	match	match	VERB
eistud-34325	194	17	closely	closely	ADV
eistud-34325	194	18	the	the	DET
eistud-34325	194	19	sample	sample	NOUN
eistud-34325	194	20	used	use	VERB
eistud-34325	194	21	by	by	ADP
eistud-34325	194	22	feldstein	feldstein	NOUN
eistud-34325	194	23	and	and	CCONJ
eistud-34325	194	24	horioka	horioka	NOUN
eistud-34325	194	25	(	(	PUNCT
eistud-34325	194	26	1980	1980	NUM
eistud-34325	194	27	)	)	PUNCT
eistud-34325	194	28	.	.	PUNCT
eistud-34325	195	1	this	this	PRON
eistud-34325	195	2	allows	allow	VERB
eistud-34325	195	3	interested	interested	ADJ
eistud-34325	195	4	readers	reader	NOUN
eistud-34325	195	5	to	to	PART
eistud-34325	195	6	compare	compare	VERB
eistud-34325	195	7	the	the	DET
eistud-34325	195	8	situation	situation	NOUN
eistud-34325	195	9	in	in	ADP
eistud-34325	195	10	regard	regard	NOUN
eistud-34325	195	11	to	to	ADP
eistud-34325	195	12	domestic	domestic	ADJ
eistud-34325	195	13	savings	saving	NOUN
eistud-34325	195	14	and	and	CCONJ
eistud-34325	195	15	investment	investment	NOUN
eistud-34325	195	16	.	.	PUNCT
eistud-34325	196	1	it	it	PRON
eistud-34325	196	2	serves	serve	VERB
eistud-34325	196	3	the	the	DET
eistud-34325	196	4	purpose	purpose	NOUN
eistud-34325	196	5	of	of	ADP
eistud-34325	196	6	positioning	position	VERB
eistud-34325	196	7	the	the	DET
eistud-34325	196	8	current	current	ADJ
eistud-34325	196	9	study	study	NOUN
eistud-34325	196	10	in	in	ADP
eistud-34325	196	11	the	the	DET
eistud-34325	196	12	open	open	ADJ
eistud-34325	196	13	economy	economy	NOUN
eistud-34325	196	14	macroeconomics	macroeconomic	NOUN
eistud-34325	196	15	literature	literature	NOUN
eistud-34325	196	16	.	.	PUNCT
eistud-34325	197	1	table	table	NOUN
eistud-34325	197	2	a2	a2	PROPN
eistud-34325	197	3	in	in	ADP
eistud-34325	197	4	the	the	DET
eistud-34325	197	5	appendix	appendix	ADJ
eistud-34325	197	6	presents	present	NOUN
eistud-34325	197	7	results	result	NOUN
eistud-34325	197	8	of	of	ADP
eistud-34325	197	9	individual	individual	ADJ
eistud-34325	197	10	country	country	NOUN
eistud-34325	197	11	-	-	PUNCT
eistud-34325	197	12	level	level	NOUN
eistud-34325	197	13	regression	regression	NOUN
eistud-34325	197	14	analysis	analysis	NOUN
eistud-34325	197	15	of	of	ADP
eistud-34325	197	16	the	the	DET
eistud-34325	197	17	whole	whole	ADJ
eistud-34325	197	18	sample	sample	NOUN
eistud-34325	197	19	.	.	PUNCT
eistud-34325	198	1	the	the	DET
eistud-34325	198	2	composition	composition	NOUN
eistud-34325	198	3	of	of	ADP
eistud-34325	198	4	all	all	DET
eistud-34325	198	5	other	other	ADJ
eistud-34325	198	6	samples	sample	NOUN
eistud-34325	198	7	is	be	AUX
eistud-34325	198	8	based	base	VERB
eistud-34325	198	9	on	on	ADP
eistud-34325	198	10	membership	membership	NOUN
eistud-34325	198	11	in	in	ADP
eistud-34325	198	12	the	the	DET
eistud-34325	198	13	eu	eu	PROPN
eistud-34325	198	14	and	and	CCONJ
eistud-34325	198	15	oecd	oecd	PROPN
eistud-34325	198	16	,	,	PUNCT
eistud-34325	198	17	respectively	respectively	ADV
eistud-34325	198	18	.	.	PUNCT
eistud-34325	199	1	regression	regression	NOUN
eistud-34325	199	2	models	model	NOUN
eistud-34325	199	3	were	be	AUX
eistud-34325	199	4	estimated	estimate	VERB
eistud-34325	199	5	separately	separately	ADV
eistud-34325	199	6	for	for	ADP
eistud-34325	199	7	both	both	PRON
eistud-34325	199	8	sample	sample	NOUN
eistud-34325	199	9	periods	period	NOUN
eistud-34325	199	10	(	(	PUNCT
eistud-34325	199	11	2010	2010	NUM
eistud-34325	199	12	-	-	SYM
eistud-34325	199	13	2014	2014	NUM
eistud-34325	199	14	,	,	PUNCT
eistud-34325	199	15	and	and	CCONJ
eistud-34325	199	16	2015	2015	NUM
eistud-34325	199	17	-	-	SYM
eistud-34325	199	18	2020	2020	NUM
eistud-34325	199	19	)	)	PUNCT
eistud-34325	199	20	.	.	PUNCT
eistud-34325	200	1	parameter	parameter	NOUN
eistud-34325	200	2	estimates	estimate	NOUN
eistud-34325	200	3	refer	refer	VERB
eistud-34325	200	4	to	to	ADP
eistud-34325	200	5	equation	equation	NOUN
eistud-34325	200	6	1	1	NUM
eistud-34325	200	7	in	in	ADP
eistud-34325	200	8	the	the	DET
eistud-34325	200	9	text	text	NOUN
eistud-34325	200	10	.	.	PUNCT
eistud-34325	201	1	all	all	DET
eistud-34325	201	2	equations	equation	NOUN
eistud-34325	201	3	are	be	AUX
eistud-34325	201	4	based	base	VERB
eistud-34325	201	5	on	on	ADP
eistud-34325	201	6	observations	observation	NOUN
eistud-34325	201	7	for	for	ADP
eistud-34325	201	8	16	16	NUM
eistud-34325	201	9	countries	country	NOUN
eistud-34325	201	10	(	(	PUNCT
eistud-34325	201	11	1960	1960	NUM
eistud-34325	201	12	-	-	SYM
eistud-34325	201	13	1974	1974	NUM
eistud-34325	201	14	)	)	PUNCT
eistud-34325	201	15	and	and	CCONJ
eistud-34325	201	16	21	21	NUM
eistud-34325	201	17	countries	country	NOUN
eistud-34325	201	18	matching	matching	NOUN
eistud-34325	201	19	table	table	NOUN
eistud-34325	201	20	1	1	NUM
eistud-34325	201	21	list	list	NOUN
eistud-34325	201	22	for	for	ADP
eistud-34325	201	23	2010	2010	NUM
eistud-34325	201	24	-	-	SYM
eistud-34325	201	25	20	20	NUM
eistud-34325	201	26	,	,	PUNCT
eistud-34325	201	27	with	with	ADP
eistud-34325	201	28	variables	variable	NOUN
eistud-34325	201	29	averaged	average	VERB
eistud-34325	201	30	for	for	ADP
eistud-34325	201	31	the	the	DET
eistud-34325	201	32	sample	sample	NOUN
eistud-34325	201	33	period	period	NOUN
eistud-34325	201	34	indicated	indicate	VERB
eistud-34325	201	35	.	.	PUNCT
eistud-34325	202	1	standard	standard	ADJ
eistud-34325	202	2	errors	error	NOUN
eistud-34325	202	3	are	be	AUX
eistud-34325	202	4	shown	show	VERB
eistud-34325	202	5	in	in	ADP
eistud-34325	202	6	parentheses	parenthesis	NOUN
eistud-34325	202	7	.	.	PUNCT
eistud-34325	203	1	sample	sample	NOUN
eistud-34325	203	2	period	period	NOUN
eistud-34325	203	3	gross	gross	ADJ
eistud-34325	203	4	saving	saving	NOUN
eistud-34325	203	5	and	and	CCONJ
eistud-34325	203	6	investment	investment	NOUN
eistud-34325	203	7	constant	constant	ADJ
eistud-34325	203	8	s	s	PROPN
eistud-34325	203	9	/	/	SYM
eistud-34325	203	10	y	y	PROPN
eistud-34325	203	11	r2	r2	PROPN
eistud-34325	203	12	1960	1960	NUM
eistud-34325	203	13	-	-	SYM
eistud-34325	203	14	74	74	NUM
eistud-34325	203	15	0.035	0.035	NUM
eistud-34325	203	16	(	(	PUNCT
eistud-34325	203	17	0.018	0.018	NUM
eistud-34325	203	18	)	)	PUNCT
eistud-34325	203	19	0.887	0.887	NUM
eistud-34325	203	20	(	(	PUNCT
eistud-34325	203	21	0.074	0.074	NUM
eistud-34325	203	22	)	)	PUNCT
eistud-34325	203	23	0.91	0.91	NUM
eistud-34325	203	24	2010	2010	NUM
eistud-34325	203	25	-	-	SYM
eistud-34325	203	26	20	20	NUM
eistud-34325	203	27	0.16	0.16	NUM
eistud-34325	203	28	(	(	PUNCT
eistud-34325	203	29	0.016	0.016	NUM
eistud-34325	203	30	)	)	PUNCT
eistud-34325	203	31	0.227	0.227	NUM
eistud-34325	203	32	(	(	PUNCT
eistud-34325	203	33	0.058	0.058	NUM
eistud-34325	203	34	)	)	PUNCT
eistud-34325	203	35	0.278	0.278	NUM
eistud-34325	203	36	source	source	NOUN
eistud-34325	203	37	:	:	PUNCT
eistud-34325	203	38	author	author	NOUN
eistud-34325	203	39	for	for	ADP
eistud-34325	203	40	2010	2010	NUM
eistud-34325	203	41	-	-	SYM
eistud-34325	203	42	20	20	NUM
eistud-34325	203	43	and	and	CCONJ
eistud-34325	203	44	feldstein	feldstein	NOUN
eistud-34325	203	45	and	and	CCONJ
eistud-34325	203	46	horioka	horioka	NOUN
eistud-34325	203	47	(	(	PUNCT
eistud-34325	203	48	1980	1980	NUM
eistud-34325	203	49	)	)	PUNCT
eistud-34325	203	50	for	for	ADP
eistud-34325	203	51	1960	1960	NUM
eistud-34325	203	52	-	-	SYM
eistud-34325	203	53	74	74	NUM
eistud-34325	203	54	table	table	NOUN
eistud-34325	203	55	4	4	NUM
eistud-34325	203	56	the	the	DET
eistud-34325	203	57	relation	relation	NOUN
eistud-34325	203	58	between	between	ADP
eistud-34325	203	59	domestic	domestic	ADJ
eistud-34325	203	60	saving	saving	NOUN
eistud-34325	203	61	ratios	ratio	NOUN
eistud-34325	203	62	and	and	CCONJ
eistud-34325	203	63	domestic	domestic	ADJ
eistud-34325	203	64	investment	investment	NOUN
eistud-34325	203	65	ratios	ratio	NOUN
eistud-34325	203	66	:	:	PUNCT
eistud-34325	203	67	1960	1960	NUM
eistud-34325	203	68	-	-	SYM
eistud-34325	203	69	74	74	NUM
eistud-34325	203	70	and	and	CCONJ
eistud-34325	203	71	2010	2010	NUM
eistud-34325	203	72	-	-	SYM
eistud-34325	203	73	20	20	NUM
eistud-34325	203	74	feldstein	feldstein	NOUN
eistud-34325	203	75	and	and	CCONJ
eistud-34325	203	76	horioka	horioka	NOUN
eistud-34325	203	77	(	(	PUNCT
eistud-34325	203	78	1980	1980	NUM
eistud-34325	203	79	)	)	PUNCT
eistud-34325	203	80	concluded	conclude	VERB
eistud-34325	203	81	their	their	PRON
eistud-34325	203	82	study	study	NOUN
eistud-34325	203	83	with	with	ADP
eistud-34325	203	84	comments	comment	NOUN
eistud-34325	203	85	labeled	label	VERB
eistud-34325	203	86	as	as	ADP
eistud-34325	203	87	‘	'	PUNCT
eistud-34325	203	88	a	a	DET
eistud-34325	203	89	puzzle	puzzle	NOUN
eistud-34325	203	90	’	'	PUNCT
eistud-34325	203	91	.	.	PUNCT
eistud-34325	204	1	they	they	PRON
eistud-34325	204	2	claimed	claim	VERB
eistud-34325	204	3	there	there	PRON
eistud-34325	204	4	was	be	VERB
eistud-34325	204	5	no	no	DET
eistud-34325	204	6	capital	capital	NOUN
eistud-34325	204	7	mobility	mobility	NOUN
eistud-34325	204	8	over	over	ADP
eistud-34325	204	9	the	the	DET
eistud-34325	204	10	period	period	NOUN
eistud-34325	204	11	from	from	ADP
eistud-34325	204	12	1960	1960	NUM
eistud-34325	204	13	to	to	ADP
eistud-34325	204	14	1974	1974	NUM
eistud-34325	204	15	.	.	PUNCT
eistud-34325	205	1	the	the	DET
eistud-34325	205	2	current	current	ADJ
eistud-34325	205	3	study	study	NOUN
eistud-34325	205	4	returns	return	VERB
eistud-34325	205	5	a	a	DET
eistud-34325	205	6	much	much	ADV
eistud-34325	205	7	different	different	ADJ
eistud-34325	205	8	picture	picture	NOUN
eistud-34325	205	9	of	of	ADP
eistud-34325	205	10	international	international	ADJ
eistud-34325	205	11	capital	capital	NOUN
eistud-34325	205	12	mobility	mobility	NOUN
eistud-34325	205	13	(	(	PUNCT
eistud-34325	205	14	captured	capture	VERB
eistud-34325	205	15	as	as	ADP
eistud-34325	205	16	mobility	mobility	NOUN
eistud-34325	205	17	of	of	ADP
eistud-34325	205	18	incremental	incremental	ADJ
eistud-34325	205	19	domestic	domestic	ADJ
eistud-34325	205	20	savings	saving	NOUN
eistud-34325	205	21	)	)	PUNCT
eistud-34325	205	22	.	.	PUNCT
eistud-34325	206	1	as	as	SCONJ
eistud-34325	206	2	can	can	AUX
eistud-34325	206	3	be	be	AUX
eistud-34325	206	4	directly	directly	ADV
eistud-34325	206	5	derived	derive	VERB
eistud-34325	206	6	from	from	ADP
eistud-34325	206	7	regression	regression	NOUN
eistud-34325	206	8	results	result	NOUN
eistud-34325	206	9	reported	report	VERB
eistud-34325	206	10	in	in	ADP
eistud-34325	206	11	table	table	NOUN
eistud-34325	206	12	4	4	NUM
eistud-34325	206	13	,	,	PUNCT
eistud-34325	206	14	estimated	estimate	VERB
eistud-34325	206	15	parameter	parameter	NOUN
eistud-34325	206	16	‘	'	PUNCT
eistud-34325	206	17	beta	beta	NOUN
eistud-34325	206	18	’	'	PUNCT
eistud-34325	206	19	is	be	AUX
eistud-34325	206	20	far	far	ADV
eistud-34325	206	21	from	from	ADP
eistud-34325	206	22	unity	unity	NOUN
eistud-34325	206	23	.	.	PUNCT
eistud-34325	207	1	in	in	ADP
eistud-34325	207	2	addition	addition	NOUN
eistud-34325	207	3	,	,	PUNCT
eistud-34325	207	4	r2	r2	PROPN
eistud-34325	207	5	indicates	indicate	VERB
eistud-34325	207	6	that	that	SCONJ
eistud-34325	207	7	115	115	NUM
eistud-34325	207	8	european	european	ADJ
eistud-34325	207	9	integrat	integrat	NOUN
eistud-34325	207	10	ion	ion	NOUN
eistud-34325	207	11	studies	study	NOUN
eistud-34325	207	12	2023/17	2023/17	NUM
eistud-34325	207	13	the	the	DET
eistud-34325	207	14	volatility	volatility	NOUN
eistud-34325	207	15	of	of	ADP
eistud-34325	207	16	investment	investment	NOUN
eistud-34325	207	17	could	could	AUX
eistud-34325	207	18	be	be	AUX
eistud-34325	207	19	explained	explain	VERB
eistud-34325	207	20	by	by	ADP
eistud-34325	207	21	changes	change	NOUN
eistud-34325	207	22	in	in	ADP
eistud-34325	207	23	domestic	domestic	ADJ
eistud-34325	207	24	savings	saving	NOUN
eistud-34325	207	25	in	in	ADP
eistud-34325	207	26	less	less	ADJ
eistud-34325	207	27	than	than	ADP
eistud-34325	207	28	30	30	NUM
eistud-34325	207	29	%	%	NOUN
eistud-34325	207	30	.	.	PUNCT
eistud-34325	208	1	this	this	DET
eistud-34325	208	2	result	result	NOUN
eistud-34325	208	3	allows	allow	VERB
eistud-34325	208	4	to	to	PART
eistud-34325	208	5	claim	claim	VERB
eistud-34325	208	6	that	that	SCONJ
eistud-34325	208	7	,	,	PUNCT
eistud-34325	208	8	in	in	ADP
eistud-34325	208	9	comparison	comparison	NOUN
eistud-34325	208	10	with	with	ADP
eistud-34325	208	11	the	the	DET
eistud-34325	208	12	period	period	NOUN
eistud-34325	208	13	1960	1960	NUM
eistud-34325	208	14	-	-	SYM
eistud-34325	208	15	74	74	NUM
eistud-34325	208	16	,	,	PUNCT
eistud-34325	208	17	there	there	PRON
eistud-34325	208	18	was	be	VERB
eistud-34325	208	19	much	much	ADV
eistud-34325	208	20	higher	high	ADJ
eistud-34325	208	21	capital	capital	NOUN
eistud-34325	208	22	mobility	mobility	NOUN
eistud-34325	208	23	over	over	ADP
eistud-34325	208	24	the	the	DET
eistud-34325	208	25	last	last	ADJ
eistud-34325	208	26	decade	decade	NOUN
eistud-34325	208	27	.	.	PUNCT
eistud-34325	209	1	the	the	DET
eistud-34325	209	2	intended	intend	VERB
eistud-34325	209	3	focus	focus	NOUN
eistud-34325	209	4	,	,	PUNCT
eistud-34325	209	5	has	have	AUX
eistud-34325	209	6	been	be	AUX
eistud-34325	209	7	,	,	PUNCT
eistud-34325	209	8	however	however	ADV
eistud-34325	209	9	,	,	PUNCT
eistud-34325	209	10	on	on	ADP
eistud-34325	209	11	eu27	eu27	PROPN
eistud-34325	209	12	states	state	NOUN
eistud-34325	209	13	,	,	PUNCT
eistud-34325	209	14	and	and	CCONJ
eistud-34325	209	15	the	the	DET
eistud-34325	209	16	control	control	NOUN
eistud-34325	209	17	group	group	NOUN
eistud-34325	209	18	of	of	ADP
eistud-34325	209	19	non	non	ADJ
eistud-34325	209	20	-	-	PROPN
eistud-34325	209	21	eu27	eu27	PROPN
eistud-34325	209	22	oecd	oecd	PROPN
eistud-34325	209	23	countries	country	NOUN
eistud-34325	209	24	.	.	PUNCT
eistud-34325	210	1	table	table	NOUN
eistud-34325	210	2	5	5	NUM
eistud-34325	210	3	reports	report	NOUN
eistud-34325	210	4	regression	regression	NOUN
eistud-34325	210	5	results	result	NOUN
eistud-34325	210	6	for	for	ADP
eistud-34325	210	7	both	both	DET
eistud-34325	210	8	samples	sample	NOUN
eistud-34325	210	9	in	in	ADP
eistud-34325	210	10	two	two	NUM
eistud-34325	210	11	distinctive	distinctive	ADJ
eistud-34325	210	12	sample	sample	NOUN
eistud-34325	210	13	periods	period	NOUN
eistud-34325	210	14	.	.	PUNCT
eistud-34325	211	1	a	a	DET
eistud-34325	211	2	suggested	suggest	VERB
eistud-34325	211	3	interpretation	interpretation	NOUN
eistud-34325	211	4	is	be	AUX
eistud-34325	211	5	as	as	SCONJ
eistud-34325	211	6	follows	follow	VERB
eistud-34325	211	7	.	.	PUNCT
eistud-34325	212	1	eu27	eu27	PROPN
eistud-34325	212	2	states	state	NOUN
eistud-34325	212	3	seem	seem	VERB
eistud-34325	212	4	to	to	PART
eistud-34325	212	5	be	be	AUX
eistud-34325	212	6	characterized	characterize	VERB
eistud-34325	212	7	with	with	ADP
eistud-34325	212	8	a	a	DET
eistud-34325	212	9	much	much	ADV
eistud-34325	212	10	higher	high	ADJ
eistud-34325	212	11	capital	capital	NOUN
eistud-34325	212	12	mobility	mobility	NOUN
eistud-34325	212	13	,	,	PUNCT
eistud-34325	212	14	both	both	DET
eistud-34325	212	15	intra	intra	PROPN
eistud-34325	212	16	-	-	NOUN
eistud-34325	212	17	union	union	NOUN
eistud-34325	212	18	and	and	CCONJ
eistud-34325	212	19	globally	globally	ADV
eistud-34325	212	20	.	.	PUNCT
eistud-34325	213	1	in	in	ADP
eistud-34325	213	2	both	both	DET
eistud-34325	213	3	sample	sample	NOUN
eistud-34325	213	4	periods	period	NOUN
eistud-34325	213	5	‘	'	PUNCT
eistud-34325	213	6	beta	beta	NOUN
eistud-34325	213	7	’	'	PUNCT
eistud-34325	213	8	is	be	AUX
eistud-34325	213	9	significantly	significantly	ADV
eistud-34325	213	10	lower	low	ADJ
eistud-34325	213	11	than	than	ADP
eistud-34325	213	12	for	for	ADP
eistud-34325	213	13	all	all	DET
eistud-34325	213	14	other	other	ADJ
eistud-34325	213	15	oecd	oecd	PROPN
eistud-34325	213	16	countries	country	NOUN
eistud-34325	213	17	.	.	PUNCT
eistud-34325	214	1	volatility	volatility	NOUN
eistud-34325	214	2	of	of	ADP
eistud-34325	214	3	investment	investment	NOUN
eistud-34325	214	4	in	in	ADP
eistud-34325	214	5	the	the	DET
eistud-34325	214	6	eu	eu	PROPN
eistud-34325	214	7	is	be	AUX
eistud-34325	214	8	also	also	ADV
eistud-34325	214	9	explained	explain	VERB
eistud-34325	214	10	in	in	ADP
eistud-34325	214	11	much	much	ADV
eistud-34325	214	12	lesser	less	ADJ
eistud-34325	214	13	extent	extent	NOUN
eistud-34325	214	14	by	by	ADP
eistud-34325	214	15	incremental	incremental	ADJ
eistud-34325	214	16	domestic	domestic	ADJ
eistud-34325	214	17	savings	saving	NOUN
eistud-34325	214	18	(	(	PUNCT
eistud-34325	214	19	vide	vide	NOUN
eistud-34325	214	20	r2	r2	PROPN
eistud-34325	214	21	)	)	PUNCT
eistud-34325	214	22	.	.	PUNCT
eistud-34325	215	1	in	in	ADP
eistud-34325	215	2	case	case	NOUN
eistud-34325	215	3	of	of	ADP
eistud-34325	215	4	non	non	ADJ
eistud-34325	215	5	-	-	ADJ
eistud-34325	215	6	eu27	eu27	PROPN
eistud-34325	215	7	oecd	oecd	PROPN
eistud-34325	215	8	countries	country	NOUN
eistud-34325	215	9	one	one	PRON
eistud-34325	215	10	can	can	AUX
eistud-34325	215	11	notice	notice	VERB
eistud-34325	215	12	quite	quite	ADV
eistud-34325	215	13	stable	stable	ADJ
eistud-34325	215	14	situation	situation	NOUN
eistud-34325	215	15	in	in	ADP
eistud-34325	215	16	regard	regard	NOUN
eistud-34325	215	17	to	to	ADP
eistud-34325	215	18	capital	capital	NOUN
eistud-34325	215	19	mobility	mobility	NOUN
eistud-34325	215	20	.	.	PUNCT
eistud-34325	216	1	first	first	ADV
eistud-34325	216	2	,	,	PUNCT
eistud-34325	216	3	the	the	DET
eistud-34325	216	4	constant	constant	ADJ
eistud-34325	216	5	is	be	AUX
eistud-34325	216	6	almost	almost	ADV
eistud-34325	216	7	the	the	DET
eistud-34325	216	8	same	same	ADJ
eistud-34325	216	9	for	for	ADP
eistud-34325	216	10	models	model	NOUN
eistud-34325	216	11	estimated	estimate	VERB
eistud-34325	216	12	on	on	ADP
eistud-34325	216	13	2010	2010	NUM
eistud-34325	216	14	-	-	SYM
eistud-34325	216	15	2014	2014	NUM
eistud-34325	216	16	and	and	CCONJ
eistud-34325	216	17	2015	2015	NUM
eistud-34325	216	18	-	-	SYM
eistud-34325	216	19	2020	2020	NUM
eistud-34325	216	20	data	datum	NOUN
eistud-34325	216	21	.	.	PUNCT
eistud-34325	217	1	second	second	ADJ
eistud-34325	217	2	,	,	PUNCT
eistud-34325	217	3	‘	'	PUNCT
eistud-34325	217	4	beta	beta	NOUN
eistud-34325	217	5	’	'	PUNCT
eistud-34325	217	6	estimates	estimate	NOUN
eistud-34325	217	7	are	be	AUX
eistud-34325	217	8	not	not	PART
eistud-34325	217	9	statistically	statistically	ADV
eistud-34325	217	10	different	different	ADJ
eistud-34325	217	11	between	between	ADP
eistud-34325	217	12	sample	sample	NOUN
eistud-34325	217	13	periods	period	NOUN
eistud-34325	217	14	.	.	PUNCT
eistud-34325	218	1	third	third	ADJ
eistud-34325	218	2	,	,	PUNCT
eistud-34325	218	3	for	for	ADP
eistud-34325	218	4	r2	r2	PROPN
eistud-34325	218	5	,	,	PUNCT
eistud-34325	218	6	the	the	DET
eistud-34325	218	7	situation	situation	NOUN
eistud-34325	218	8	is	be	AUX
eistud-34325	218	9	also	also	ADV
eistud-34325	218	10	the	the	DET
eistud-34325	218	11	same	same	ADJ
eistud-34325	218	12	in	in	ADP
eistud-34325	218	13	both	both	DET
eistud-34325	218	14	periods	period	NOUN
eistud-34325	218	15	.	.	PUNCT
eistud-34325	219	1	volatility	volatility	NOUN
eistud-34325	219	2	of	of	ADP
eistud-34325	219	3	investment	investment	NOUN
eistud-34325	219	4	is	be	AUX
eistud-34325	219	5	explained	explain	VERB
eistud-34325	219	6	in	in	ADP
eistud-34325	219	7	much	much	ADV
eistud-34325	219	8	higher	high	ADJ
eistud-34325	219	9	extent	extent	NOUN
eistud-34325	219	10	by	by	ADP
eistud-34325	219	11	domestic	domestic	ADJ
eistud-34325	219	12	savings	saving	NOUN
eistud-34325	219	13	,	,	PUNCT
eistud-34325	219	14	indicating	indicate	VERB
eistud-34325	219	15	lesser	less	ADJ
eistud-34325	219	16	capital	capital	NOUN
eistud-34325	219	17	mobility	mobility	NOUN
eistud-34325	219	18	for	for	ADP
eistud-34325	219	19	non	non	ADJ
eistud-34325	219	20	-	-	ADJ
eistud-34325	219	21	eu27	eu27	PROPN
eistud-34325	219	22	oecd	oecd	PROPN
eistud-34325	219	23	countries	country	NOUN
eistud-34325	219	24	.	.	PUNCT
eistud-34325	220	1	all	all	DET
eistud-34325	220	2	the	the	DET
eistud-34325	220	3	results	result	NOUN
eistud-34325	220	4	for	for	ADP
eistud-34325	220	5	both	both	DET
eistud-34325	220	6	samples	sample	NOUN
eistud-34325	220	7	are	be	AUX
eistud-34325	220	8	less	less	ADV
eistud-34325	220	9	robust	robust	ADJ
eistud-34325	220	10	in	in	ADP
eistud-34325	220	11	the	the	DET
eistud-34325	220	12	first	first	ADJ
eistud-34325	220	13	sample	sample	NOUN
eistud-34325	220	14	period	period	NOUN
eistud-34325	220	15	(	(	PUNCT
eistud-34325	220	16	vide	vide	NOUN
eistud-34325	220	17	f	f	PROPN
eistud-34325	220	18	-	-	PUNCT
eistud-34325	220	19	statistic	statistic	NOUN
eistud-34325	220	20	,	,	PUNCT
eistud-34325	220	21	and	and	CCONJ
eistud-34325	220	22	p	p	NOUN
eistud-34325	220	23	)	)	PUNCT
eistud-34325	220	24	.	.	PUNCT
eistud-34325	221	1	the	the	DET
eistud-34325	221	2	reason	reason	NOUN
eistud-34325	221	3	seems	seem	VERB
eistud-34325	221	4	to	to	PART
eistud-34325	221	5	be	be	AUX
eistud-34325	221	6	in	in	ADP
eistud-34325	221	7	post-2008	post-2008	NOUN
eistud-34325	221	8	crisis	crisis	NOUN
eistud-34325	221	9	recovery	recovery	NOUN
eistud-34325	221	10	affecting	affect	VERB
eistud-34325	221	11	savings	saving	NOUN
eistud-34325	221	12	and	and	CCONJ
eistud-34325	221	13	investment	investment	NOUN
eistud-34325	221	14	,	,	PUNCT
eistud-34325	221	15	especially	especially	ADV
eistud-34325	221	16	in	in	ADP
eistud-34325	221	17	the	the	DET
eistud-34325	221	18	eu	eu	PROPN
eistud-34325	221	19	.	.	PUNCT
eistud-34325	221	20	country	country	NOUN
eistud-34325	221	21	groups	group	NOUN
eistud-34325	221	22	/	/	SYM
eistud-34325	221	23	periods	period	NOUN
eistud-34325	222	1	constant	constant	ADJ
eistud-34325	222	2	t	t	NOUN
eistud-34325	222	3	-	-	PUNCT
eistud-34325	222	4	stat	stat	PROPN
eistud-34325	222	5	β	β	PROPN
eistud-34325	222	6	t	t	PROPN
eistud-34325	222	7	-	-	PUNCT
eistud-34325	222	8	stat	stat	NOUN
eistud-34325	223	1	r2	r2	PROPN
eistud-34325	223	2	f	f	NOUN
eistud-34325	223	3	-	-	PUNCT
eistud-34325	223	4	stat	stat	PROPN
eistud-34325	223	5	p	p	PROPN
eistud-34325	223	6	eu-27	eu-27	ADJ
eistud-34325	223	7	2010	2010	NUM
eistud-34325	223	8	-	-	SYM
eistud-34325	223	9	2014	2014	NUM
eistud-34325	223	10	0.1813	0.1813	NUM
eistud-34325	223	11	9.324	9.324	NUM
eistud-34325	223	12	0.116	0.116	NUM
eistud-34325	223	13	1.511	1.511	NUM
eistud-34325	223	14	0.084	0.084	NUM
eistud-34325	223	15	2.283	2.283	NUM
eistud-34325	223	16	0.143	0.143	NUM
eistud-34325	223	17	eu-27	eu-27	NOUN
eistud-34325	223	18	2015	2015	NUM
eistud-34325	223	19	-	-	SYM
eistud-34325	223	20	2020	2020	NUM
eistud-34325	223	21	0.1415	0.1415	NUM
eistud-34325	223	22	6.987	6.987	NUM
eistud-34325	223	23	0.297	0.297	NUM
eistud-34325	223	24	4.192	4.192	NUM
eistud-34325	223	25	0.413	0.413	NUM
eistud-34325	223	26	17.57	17.57	NUM
eistud-34325	223	27	0.00030	0.00030	NUM
eistud-34325	223	28	non	non	ADJ
eistud-34325	223	29	-	-	ADJ
eistud-34325	223	30	eu27	eu27	PROPN
eistud-34325	223	31	oecd	oecd	PROPN
eistud-34325	223	32	2010	2010	NUM
eistud-34325	223	33	-	-	SYM
eistud-34325	223	34	2014	2014	NUM
eistud-34325	223	35	0.1234	0.1234	NUM
eistud-34325	223	36	4.119	4.119	NUM
eistud-34325	223	37	0.445	0.445	NUM
eistud-34325	223	38	3.765	3.765	NUM
eistud-34325	223	39	0.503	0.503	NUM
eistud-34325	223	40	14.18	14.18	NUM
eistud-34325	223	41	0.00209	0.00209	NUM
eistud-34325	223	42	non	non	ADJ
eistud-34325	223	43	-	-	ADJ
eistud-34325	223	44	eu27	eu27	PROPN
eistud-34325	223	45	oecd	oecd	PROPN
eistud-34325	223	46	2015	2015	NUM
eistud-34325	223	47	-	-	SYM
eistud-34325	223	48	2020	2020	NUM
eistud-34325	223	49	0.1145	0.1145	NUM
eistud-34325	223	50	4.795	4.795	NUM
eistud-34325	223	51	0.490	0.490	NUM
eistud-34325	223	52	5.174	5.174	NUM
eistud-34325	223	53	0.657	0.657	NUM
eistud-34325	223	54	26.77	26.77	NUM
eistud-34325	223	55	0.00014	0.00014	NUM
eistud-34325	223	56	table	table	NOUN
eistud-34325	223	57	5	5	NUM
eistud-34325	223	58	the	the	DET
eistud-34325	223	59	relation	relation	NOUN
eistud-34325	223	60	between	between	ADP
eistud-34325	223	61	domestic	domestic	ADJ
eistud-34325	223	62	saving	saving	NOUN
eistud-34325	223	63	ratios	ratio	NOUN
eistud-34325	223	64	and	and	CCONJ
eistud-34325	223	65	domestic	domestic	ADJ
eistud-34325	223	66	investment	investment	NOUN
eistud-34325	223	67	ratios	ratio	NOUN
eistud-34325	223	68	among	among	ADP
eistud-34325	223	69	eu27	eu27	PROPN
eistud-34325	223	70	member	member	NOUN
eistud-34325	223	71	states	state	NOUN
eistud-34325	223	72	and	and	CCONJ
eistud-34325	223	73	noneu27	noneu27	NOUN
eistud-34325	223	74	oecd	oecd	PROPN
eistud-34325	223	75	countries	country	NOUN
eistud-34325	223	76	:	:	PUNCT
eistud-34325	223	77	2010	2010	NUM
eistud-34325	223	78	-	-	SYM
eistud-34325	223	79	20	20	NUM
eistud-34325	223	80	source	source	NOUN
eistud-34325	223	81	:	:	PUNCT
eistud-34325	223	82	author	author	NOUN
eistud-34325	223	83	country	country	NOUN
eistud-34325	223	84	set	set	VERB
eistud-34325	223	85	&	&	CCONJ
eistud-34325	223	86	period	period	PROPN
eistud-34325	223	87	constant	constant	PROPN
eistud-34325	223	88	t	t	PROPN
eistud-34325	223	89	-	-	PUNCT
eistud-34325	223	90	statistic	statistic	NOUN
eistud-34325	223	91	β	β	PROPN
eistud-34325	223	92	t	t	PROPN
eistud-34325	223	93	-	-	PUNCT
eistud-34325	223	94	statistic	statistic	NOUN
eistud-34325	223	95	r2	r2	NOUN
eistud-34325	223	96	f	f	NOUN
eistud-34325	223	97	-	-	PUNCT
eistud-34325	223	98	stat	stat	PROPN
eistud-34325	223	99	p	p	NOUN
eistud-34325	223	100	set_1_2010	set_1_2010	NOUN
eistud-34325	223	101	-	-	SYM
eistud-34325	223	102	2014	2014	NUM
eistud-34325	223	103	0.196	0.196	NUM
eistud-34325	223	104	5.4	5.4	NUM
eistud-34325	223	105	0.0588	0.0588	NUM
eistud-34325	223	106	0.388	0.388	NUM
eistud-34325	223	107	0.021	0.021	NUM
eistud-34325	223	108	0.1505	0.1505	NUM
eistud-34325	223	109	0.71	0.71	NUM
eistud-34325	223	110	set_1_2015	set_1_2015	NOUN
eistud-34325	223	111	-	-	SYM
eistud-34325	223	112	2020	2020	NUM
eistud-34325	223	113	0.129	0.129	NUM
eistud-34325	223	114	9.402	9.402	NUM
eistud-34325	223	115	0.4187	0.4187	NUM
eistud-34325	223	116	8.84	8.84	NUM
eistud-34325	223	117	0.918	0.918	NUM
eistud-34325	223	118	78.14	78.14	NUM
eistud-34325	223	119	0.00005	0.00005	NUM
eistud-34325	223	120	set_2_2010	set_2_2010	PROPN
eistud-34325	223	121	-	-	PUNCT
eistud-34325	223	122	2014	2014	NUM
eistud-34325	223	123	0.0986	0.0986	NUM
eistud-34325	223	124	5.149	5.149	NUM
eistud-34325	223	125	0.5214	0.5214	NUM
eistud-34325	223	126	6.489	6.489	NUM
eistud-34325	223	127	0.840	0.840	NUM
eistud-34325	223	128	42.1	42.1	NUM
eistud-34325	223	129	0.00019	0.00019	NUM
eistud-34325	223	130	set_2_2015	set_2_2015	NOUN
eistud-34325	223	131	-	-	NOUN
eistud-34325	223	132	2020	2020	NUM
eistud-34325	223	133	0.0431	0.0431	NUM
eistud-34325	223	134	1.763	1.763	NUM
eistud-34325	223	135	0.6965	0.6965	NUM
eistud-34325	224	1	7.034	7.034	NUM
eistud-34325	224	2	0.861	0.861	NUM
eistud-34325	224	3	49.48	49.48	NUM
eistud-34325	224	4	0.00011	0.00011	NUM
eistud-34325	224	5	set_3_2010	set_3_2010	NOUN
eistud-34325	224	6	-	-	SYM
eistud-34325	224	7	2014	2014	NUM
eistud-34325	224	8	0.0986	0.0986	NUM
eistud-34325	224	9	5.149	5.149	NUM
eistud-34325	224	10	0.5214	0.5214	NUM
eistud-34325	224	11	6.489	6.489	NUM
eistud-34325	224	12	0.840	0.840	NUM
eistud-34325	224	13	42.1	42.1	NUM
eistud-34325	224	14	0.00019	0.00019	NUM
eistud-34325	224	15	set_3_2015	set_3_2015	NOUN
eistud-34325	224	16	-	-	SYM
eistud-34325	224	17	2020	2020	NUM
eistud-34325	224	18	0.0431	0.0431	NUM
eistud-34325	224	19	1.763	1.763	NUM
eistud-34325	224	20	0.6965	0.6965	NUM
eistud-34325	224	21	7.034	7.034	NUM
eistud-34325	224	22	0.861	0.861	NUM
eistud-34325	224	23	49.48	49.48	NUM
eistud-34325	224	24	0.00011	0.00011	NUM
eistud-34325	224	25	set_4_2010	set_4_2010	NOUN
eistud-34325	224	26	-	-	SYM
eistud-34325	224	27	2014	2014	NUM
eistud-34325	224	28	0.2147	0.2147	NUM
eistud-34325	224	29	5.813	5.813	NUM
eistud-34325	224	30	0.022	0.022	NUM
eistud-34325	224	31	0.166	0.166	NUM
eistud-34325	224	32	0.003	0.003	NUM
eistud-34325	224	33	0.02754	0.02754	NUM
eistud-34325	224	34	0.872	0.872	NUM
eistud-34325	224	35	set_4_2015	set_4_2015	NOUN
eistud-34325	224	36	-	-	SYM
eistud-34325	224	37	2020	2020	NUM
eistud-34325	224	38	0.2396	0.2396	NUM
eistud-34325	224	39	7.35	7.35	NUM
eistud-34325	224	40	-0.0347	-0.0347	NOUN
eistud-34325	224	41	-0.322	-0.322	PUNCT
eistud-34325	224	42	0.013	0.013	NUM
eistud-34325	224	43	0.1039	0.1039	NUM
eistud-34325	224	44	0.756	0.756	NUM
eistud-34325	224	45	source	source	NOUN
eistud-34325	224	46	:	:	PUNCT
eistud-34325	224	47	author	author	NOUN
eistud-34325	224	48	table	table	NOUN
eistud-34325	224	49	6	6	NUM
eistud-34325	224	50	the	the	DET
eistud-34325	224	51	relation	relation	NOUN
eistud-34325	224	52	between	between	ADP
eistud-34325	224	53	domestic	domestic	ADJ
eistud-34325	224	54	saving	saving	NOUN
eistud-34325	224	55	ratios	ratio	NOUN
eistud-34325	224	56	and	and	CCONJ
eistud-34325	224	57	domestic	domestic	ADJ
eistud-34325	224	58	investment	investment	NOUN
eistud-34325	224	59	ratios	ratio	NOUN
eistud-34325	224	60	in	in	ADP
eistud-34325	224	61	countries	country	NOUN
eistud-34325	224	62	in	in	ADP
eistud-34325	224	63	set	set	NOUN
eistud-34325	224	64	1	1	NUM
eistud-34325	224	65	,	,	PUNCT
eistud-34325	224	66	set	set	VERB
eistud-34325	224	67	2	2	NUM
eistud-34325	224	68	,	,	PUNCT
eistud-34325	224	69	set	set	VERB
eistud-34325	224	70	3	3	NUM
eistud-34325	224	71	,	,	PUNCT
eistud-34325	224	72	and	and	CCONJ
eistud-34325	224	73	set	set	VERB
eistud-34325	224	74	4	4	NUM
eistud-34325	224	75	:	:	SYM
eistud-34325	224	76	2010	2010	NUM
eistud-34325	224	77	-	-	SYM
eistud-34325	224	78	14	14	NUM
eistud-34325	224	79	,	,	PUNCT
eistud-34325	224	80	and	and	CCONJ
eistud-34325	224	81	2015	2015	NUM
eistud-34325	224	82	-	-	SYM
eistud-34325	224	83	20	20	NUM
eistud-34325	224	84	set	set	VERB
eistud-34325	224	85	#	#	SYM
eistud-34325	224	86	1	1	NUM
eistud-34325	224	87	are	be	AUX
eistud-34325	224	88	the	the	DET
eistud-34325	224	89	biggest	big	ADJ
eistud-34325	224	90	oecd	oecd	NOUN
eistud-34325	224	91	countries	country	NOUN
eistud-34325	224	92	:	:	PUNCT
eistud-34325	224	93	austria	austria	PROPN
eistud-34325	224	94	,	,	PUNCT
eistud-34325	224	95	canada	canada	PROPN
eistud-34325	224	96	,	,	PUNCT
eistud-34325	224	97	denmark	denmark	PROPN
eistud-34325	224	98	,	,	PUNCT
eistud-34325	224	99	finland	finland	PROPN
eistud-34325	224	100	,	,	PUNCT
eistud-34325	224	101	france	france	PROPN
eistud-34325	224	102	,	,	PUNCT
eistud-34325	224	103	ireland	ireland	PROPN
eistud-34325	224	104	,	,	PUNCT
eistud-34325	224	105	new	new	PROPN
eistud-34325	224	106	zealand	zealand	PROPN
eistud-34325	224	107	,	,	PUNCT
eistud-34325	224	108	the	the	DET
eistud-34325	224	109	u.k	u.k	PROPN
eistud-34325	224	110	.	.	PROPN
eistud-34325	224	111	,	,	PUNCT
eistud-34325	224	112	and	and	CCONJ
eistud-34325	224	113	the	the	DET
eistud-34325	224	114	u.s	u.s	PROPN
eistud-34325	224	115	.	.	PROPN
eistud-34325	224	116	this	this	DET
eistud-34325	224	117	set	set	NOUN
eistud-34325	224	118	was	be	AUX
eistud-34325	224	119	chosen	choose	VERB
eistud-34325	224	120	on	on	ADP
eistud-34325	224	121	the	the	DET
eistud-34325	224	122	basis	basis	NOUN
eistud-34325	224	123	of	of	ADP
eistud-34325	224	124	country	country	NOUN
eistud-34325	224	125	-	-	PUNCT
eistud-34325	224	126	level	level	NOUN
eistud-34325	224	127	regression	regression	NOUN
eistud-34325	224	128	results	result	NOUN
eistud-34325	224	129	,	,	PUNCT
eistud-34325	224	130	and	and	CCONJ
eistud-34325	224	131	comprises	comprise	NOUN
eistud-34325	224	132	of	of	ADP
eistud-34325	224	133	9	9	NUM
eistud-34325	224	134	cases	case	NOUN
eistud-34325	224	135	with	with	ADP
eistud-34325	224	136	the	the	DET
eistud-34325	224	137	highest	high	ADJ
eistud-34325	224	138	r2	r2	NOUN
eistud-34325	224	139	.	.	PUNCT
eistud-34325	225	1	set	set	VERB
eistud-34325	225	2	#	#	SYM
eistud-34325	225	3	2	2	NUM
eistud-34325	225	4	are	be	AUX
eistud-34325	225	5	countries	country	NOUN
eistud-34325	225	6	,	,	PUNCT
eistud-34325	225	7	which	which	PRON
eistud-34325	225	8	in	in	ADP
eistud-34325	225	9	regression	regression	NOUN
eistud-34325	225	10	revealed	reveal	VERB
eistud-34325	225	11	negative	negative	ADJ
eistud-34325	225	12	individual	individual	ADJ
eistud-34325	225	13	estimation	estimation	NOUN
eistud-34325	225	14	of	of	ADP
eistud-34325	225	15	β	β	NOUN
eistud-34325	225	16	-	-	NOUN
eistud-34325	225	17	parameter	parameter	NOUN
eistud-34325	225	18	.	.	PUNCT
eistud-34325	226	1	these	these	DET
eistud-34325	226	2	countries	country	NOUN
eistud-34325	226	3	are	be	AUX
eistud-34325	226	4	:	:	PUNCT
eistud-34325	226	5	bulgaria	bulgaria	PROPN
eistud-34325	226	6	,	,	PUNCT
eistud-34325	226	7	costa	costa	PROPN
eistud-34325	226	8	rica	rica	PROPN
eistud-34325	226	9	,	,	PUNCT
eistud-34325	226	10	greece	greece	PROPN
eistud-34325	226	11	,	,	PUNCT
eistud-34325	226	12	italy	italy	PROPN
eistud-34325	226	13	,	,	PUNCT
eistud-34325	226	14	korea	korea	PROPN
eistud-34325	226	15	,	,	PUNCT
eistud-34325	226	16	lithuania	lithuania	PROPN
eistud-34325	226	17	,	,	PUNCT
eistud-34325	226	18	mexico	mexico	PROPN
eistud-34325	226	19	,	,	PUNCT
eistud-34325	226	20	norway	norway	PROPN
eistud-34325	226	21	,	,	PUNCT
eistud-34325	226	22	poland	poland	PROPN
eistud-34325	226	23	,	,	PUNCT
eistud-34325	226	24	and	and	CCONJ
eistud-34325	226	25	slovenia	slovenia	PROPN
eistud-34325	226	26	.	.	PUNCT
eistud-34325	227	1	european	european	ADJ
eistud-34325	227	2	integrat	integrat	NOUN
eistud-34325	227	3	ion	ion	NOUN
eistud-34325	227	4	studies2023/17	studies2023/17	NOUN
eistud-34325	227	5	116	116	NUM
eistud-34325	227	6	set	set	VERB
eistud-34325	227	7	#	#	SYM
eistud-34325	227	8	3	3	NUM
eistud-34325	227	9	includes	include	VERB
eistud-34325	227	10	belgium	belgium	NOUN
eistud-34325	227	11	,	,	PUNCT
eistud-34325	227	12	denmark	denmark	PROPN
eistud-34325	227	13	,	,	PUNCT
eistud-34325	227	14	finland	finland	PROPN
eistud-34325	227	15	,	,	PUNCT
eistud-34325	227	16	france	france	PROPN
eistud-34325	227	17	,	,	PUNCT
eistud-34325	227	18	germany	germany	PROPN
eistud-34325	227	19	,	,	PUNCT
eistud-34325	227	20	ireland	ireland	PROPN
eistud-34325	227	21	,	,	PUNCT
eistud-34325	227	22	italy	italy	PROPN
eistud-34325	227	23	,	,	PUNCT
eistud-34325	227	24	the	the	DET
eistud-34325	227	25	netherlands	netherlands	PROPN
eistud-34325	227	26	,	,	PUNCT
eistud-34325	227	27	portugal	portugal	PROPN
eistud-34325	227	28	,	,	PUNCT
eistud-34325	227	29	spain	spain	PROPN
eistud-34325	227	30	.	.	PUNCT
eistud-34325	228	1	set	set	VERB
eistud-34325	228	2	#	#	SYM
eistud-34325	228	3	4	4	NUM
eistud-34325	228	4	includes	include	VERB
eistud-34325	228	5	all	all	DET
eistud-34325	228	6	the	the	DET
eistud-34325	228	7	small	small	ADJ
eistud-34325	228	8	eu27	eu27	PROPN
eistud-34325	228	9	economies	economy	NOUN
eistud-34325	228	10	,	,	PUNCT
eistud-34325	228	11	which	which	PRON
eistud-34325	228	12	are	be	AUX
eistud-34325	228	13	in	in	ADP
eistud-34325	228	14	most	most	ADJ
eistud-34325	228	15	cases	case	NOUN
eistud-34325	228	16	the	the	DET
eistud-34325	228	17	new	new	ADJ
eistud-34325	228	18	member	member	NOUN
eistud-34325	228	19	states	state	NOUN
eistud-34325	228	20	.	.	PUNCT
eistud-34325	229	1	these	these	PRON
eistud-34325	229	2	are	be	AUX
eistud-34325	229	3	:	:	PUNCT
eistud-34325	229	4	croatia	croatia	PROPN
eistud-34325	229	5	,	,	PUNCT
eistud-34325	229	6	cyprus	cyprus	PROPN
eistud-34325	229	7	,	,	PUNCT
eistud-34325	229	8	czechia	czechia	PROPN
eistud-34325	229	9	,	,	PUNCT
eistud-34325	229	10	estonia	estonia	PROPN
eistud-34325	229	11	,	,	PUNCT
eistud-34325	229	12	hungary	hungary	PROPN
eistud-34325	229	13	,	,	PUNCT
eistud-34325	229	14	latvia	latvia	PROPN
eistud-34325	229	15	,	,	PUNCT
eistud-34325	229	16	luxembourg	luxembourg	PROPN
eistud-34325	229	17	,	,	PUNCT
eistud-34325	229	18	malta	malta	PROPN
eistud-34325	229	19	,	,	PUNCT
eistud-34325	229	20	romania	romania	PROPN
eistud-34325	229	21	,	,	PUNCT
eistud-34325	229	22	slovakia	slovakia	PROPN
eistud-34325	229	23	.	.	PUNCT
eistud-34325	230	1	many	many	ADJ
eistud-34325	230	2	of	of	ADP
eistud-34325	230	3	them	they	PRON
eistud-34325	230	4	joined	join	VERB
eistud-34325	230	5	the	the	DET
eistud-34325	230	6	eu	eu	PROPN
eistud-34325	230	7	from	from	ADP
eistud-34325	230	8	2004	2004	NUM
eistud-34325	230	9	onwards	onwards	ADP
eistud-34325	230	10	.	.	PUNCT
eistud-34325	231	1	according	accord	VERB
eistud-34325	231	2	to	to	ADP
eistud-34325	231	3	the	the	DET
eistud-34325	231	4	global	global	ADJ
eistud-34325	231	5	capital	capital	NOUN
eistud-34325	231	6	mobility	mobility	PROPN
eistud-34325	231	7	interpretation	interpretation	NOUN
eistud-34325	231	8	,	,	PUNCT
eistud-34325	231	9	such	such	ADJ
eistud-34325	231	10	small	small	ADJ
eistud-34325	231	11	(	(	PUNCT
eistud-34325	231	12	or	or	CCONJ
eistud-34325	231	13	tiny	tiny	ADJ
eistud-34325	231	14	)	)	PUNCT
eistud-34325	231	15	open	open	ADJ
eistud-34325	231	16	economies	economy	NOUN
eistud-34325	231	17	should	should	AUX
eistud-34325	231	18	have	have	VERB
eistud-34325	231	19	the	the	DET
eistud-34325	231	20	β	β	NOUN
eistud-34325	231	21	-	-	NOUN
eistud-34325	231	22	parameter	parameter	NOUN
eistud-34325	231	23	close	close	ADV
eistud-34325	231	24	to	to	ADP
eistud-34325	231	25	zero	zero	NUM
eistud-34325	231	26	.	.	PUNCT
eistud-34325	232	1	this	this	PRON
eistud-34325	232	2	is	be	AUX
eistud-34325	232	3	due	due	ADJ
eistud-34325	232	4	to	to	ADP
eistud-34325	232	5	their	their	PRON
eistud-34325	232	6	relatively	relatively	ADV
eistud-34325	232	7	negligible	negligible	ADJ
eistud-34325	232	8	contribution	contribution	NOUN
eistud-34325	232	9	to	to	ADP
eistud-34325	232	10	global	global	ADJ
eistud-34325	232	11	pool	pool	NOUN
eistud-34325	232	12	of	of	ADP
eistud-34325	232	13	savings	saving	NOUN
eistud-34325	232	14	.	.	PUNCT
eistud-34325	233	1	regression	regression	NOUN
eistud-34325	233	2	results	result	NOUN
eistud-34325	233	3	seem	seem	VERB
eistud-34325	233	4	to	to	PART
eistud-34325	233	5	confirm	confirm	VERB
eistud-34325	233	6	this	this	DET
eistud-34325	233	7	original	original	ADJ
eistud-34325	233	8	interpretation	interpretation	NOUN
eistud-34325	233	9	by	by	ADP
eistud-34325	233	10	feldstein	feldstein	NOUN
eistud-34325	233	11	and	and	CCONJ
eistud-34325	233	12	horioka	horioka	NOUN
eistud-34325	233	13	(	(	PUNCT
eistud-34325	233	14	1980	1980	NUM
eistud-34325	233	15	)	)	PUNCT
eistud-34325	233	16	.	.	PUNCT
eistud-34325	234	1	figure	figure	VERB
eistud-34325	234	2	1	1	NUM
eistud-34325	234	3	joint	joint	ADJ
eistud-34325	234	4	plot	plot	NOUN
eistud-34325	234	5	for	for	ADP
eistud-34325	234	6	kernel	kernel	PROPN
eistud-34325	234	7	density	density	PROPN
eistud-34325	234	8	estimation	estimation	NOUN
eistud-34325	234	9	(	(	PUNCT
eistud-34325	234	10	kde	kde	PROPN
eistud-34325	234	11	joint	joint	ADJ
eistud-34325	234	12	plot	plot	NOUN
eistud-34325	234	13	)	)	PUNCT
eistud-34325	234	14	for	for	ADP
eistud-34325	234	15	gross	gross	ADJ
eistud-34325	234	16	domestic	domestic	ADJ
eistud-34325	234	17	savings	saving	NOUN
eistud-34325	234	18	and	and	CCONJ
eistud-34325	234	19	capital	capital	NOUN
eistud-34325	234	20	formation	formation	NOUN
eistud-34325	234	21	,	,	PUNCT
eistud-34325	234	22	set	set	VERB
eistud-34325	234	23	#	#	SYM
eistud-34325	234	24	1	1	NUM
eistud-34325	234	25	,	,	PUNCT
eistud-34325	234	26	2010	2010	NUM
eistud-34325	234	27	-	-	SYM
eistud-34325	234	28	14	14	NUM
eistud-34325	234	29	and	and	CCONJ
eistud-34325	234	30	2015	2015	NUM
eistud-34325	234	31	-	-	SYM
eistud-34325	234	32	20	20	NUM
eistud-34325	234	33	source	source	NOUN
eistud-34325	234	34	:	:	PUNCT
eistud-34325	234	35	author	author	NOUN
eistud-34325	234	36	in	in	ADP
eistud-34325	234	37	case	case	NOUN
eistud-34325	234	38	of	of	ADP
eistud-34325	234	39	the	the	DET
eistud-34325	234	40	first	first	ADJ
eistud-34325	234	41	set	set	NOUN
eistud-34325	234	42	of	of	ADP
eistud-34325	234	43	countries	country	NOUN
eistud-34325	234	44	,	,	PUNCT
eistud-34325	234	45	there	there	PRON
eistud-34325	234	46	was	be	VERB
eistud-34325	234	47	no	no	DET
eistud-34325	234	48	relationship	relationship	NOUN
eistud-34325	234	49	between	between	ADP
eistud-34325	234	50	gross	gross	ADJ
eistud-34325	234	51	domestic	domestic	ADJ
eistud-34325	234	52	savings	saving	NOUN
eistud-34325	234	53	and	and	CCONJ
eistud-34325	234	54	the	the	DET
eistud-34325	234	55	gross	gross	ADJ
eistud-34325	234	56	capital	capital	NOUN
eistud-34325	234	57	formation	formation	NOUN
eistud-34325	234	58	over	over	ADP
eistud-34325	234	59	the	the	DET
eistud-34325	234	60	whole	whole	ADJ
eistud-34325	234	61	‘	'	PUNCT
eistud-34325	234	62	blue	blue	ADJ
eistud-34325	234	63	’	'	PUNCT
eistud-34325	234	64	period	period	NOUN
eistud-34325	234	65	2010	2010	NUM
eistud-34325	234	66	-	-	SYM
eistud-34325	234	67	2014	2014	NUM
eistud-34325	234	68	.	.	PUNCT
eistud-34325	235	1	this	this	DET
eistud-34325	235	2	situation	situation	NOUN
eistud-34325	235	3	changed	change	VERB
eistud-34325	235	4	significantly	significantly	ADV
eistud-34325	235	5	during	during	ADP
eistud-34325	235	6	the	the	DET
eistud-34325	235	7	‘	'	PUNCT
eistud-34325	235	8	orange	orange	ADJ
eistud-34325	235	9	’	'	PUNCT
eistud-34325	235	10	period	period	NOUN
eistud-34325	235	11	of	of	ADP
eistud-34325	235	12	2015	2015	NUM
eistud-34325	235	13	-	-	SYM
eistud-34325	235	14	2020	2020	NUM
eistud-34325	235	15	.	.	PUNCT
eistud-34325	236	1	a	a	DET
eistud-34325	236	2	new	new	ADJ
eistud-34325	236	3	,	,	PUNCT
eistud-34325	236	4	statistically	statistically	ADV
eistud-34325	236	5	significant	significant	ADJ
eistud-34325	236	6	,	,	PUNCT
eistud-34325	236	7	and	and	CCONJ
eistud-34325	236	8	quite	quite	ADV
eistud-34325	236	9	well	well	ADV
eistud-34325	236	10	pronounced	pronounce	VERB
eistud-34325	236	11	positive	positive	ADJ
eistud-34325	236	12	relationship	relationship	NOUN
eistud-34325	236	13	between	between	ADP
eistud-34325	236	14	domestic	domestic	ADJ
eistud-34325	236	15	savings	saving	NOUN
eistud-34325	236	16	and	and	CCONJ
eistud-34325	236	17	investment	investment	NOUN
eistud-34325	236	18	emerged	emerge	VERB
eistud-34325	236	19	.	.	PUNCT
eistud-34325	237	1	the	the	DET
eistud-34325	237	2	big	big	ADJ
eistud-34325	237	3	oecd	oecd	PROPN
eistud-34325	237	4	countries	country	NOUN
eistud-34325	237	5	entered	enter	VERB
eistud-34325	237	6	a	a	DET
eistud-34325	237	7	period	period	NOUN
eistud-34325	237	8	when	when	SCONJ
eistud-34325	237	9	any	any	DET
eistud-34325	237	10	changes	change	NOUN
eistud-34325	237	11	in	in	ADP
eistud-34325	237	12	the	the	DET
eistud-34325	237	13	fraction	fraction	NOUN
eistud-34325	237	14	of	of	ADP
eistud-34325	237	15	gdp	gdp	NOUN
eistud-34325	237	16	saved	save	VERB
eistud-34325	237	17	,	,	PUNCT
eistud-34325	237	18	were	be	AUX
eistud-34325	237	19	reflected	reflect	VERB
eistud-34325	237	20	in	in	ADP
eistud-34325	237	21	adjustment	adjustment	NOUN
eistud-34325	237	22	of	of	ADP
eistud-34325	237	23	gross	gross	ADJ
eistud-34325	237	24	capital	capital	NOUN
eistud-34325	237	25	formation	formation	NOUN
eistud-34325	237	26	by	by	ADP
eistud-34325	237	27	the	the	DET
eistud-34325	237	28	factor	factor	NOUN
eistud-34325	237	29	of	of	ADP
eistud-34325	237	30	0.4187	0.4187	NUM
eistud-34325	237	31	(	(	PUNCT
eistud-34325	237	32	β	β	NOUN
eistud-34325	237	33	)	)	PUNCT
eistud-34325	237	34	.	.	PUNCT
eistud-34325	238	1	no	no	DET
eistud-34325	238	2	capital	capital	NOUN
eistud-34325	238	3	mobility	mobility	NOUN
eistud-34325	238	4	was	be	AUX
eistud-34325	238	5	associated	associate	VERB
eistud-34325	238	6	by	by	ADP
eistud-34325	238	7	feldstein	feldstein	NOUN
eistud-34325	238	8	and	and	CCONJ
eistud-34325	238	9	horioka	horioka	NOUN
eistud-34325	238	10	(	(	PUNCT
eistud-34325	238	11	1980	1980	NUM
eistud-34325	238	12	)	)	PUNCT
eistud-34325	238	13	with	with	ADP
eistud-34325	238	14	β	β	X
eistud-34325	238	15	=	=	SYM
eistud-34325	238	16	1	1	NUM
eistud-34325	238	17	,	,	PUNCT
eistud-34325	238	18	unless	unless	SCONJ
eistud-34325	238	19	the	the	DET
eistud-34325	238	20	financial	financial	ADJ
eistud-34325	238	21	integration	integration	NOUN
eistud-34325	238	22	made	make	VERB
eistud-34325	238	23	all	all	DET
eistud-34325	238	24	countries	country	NOUN
eistud-34325	238	25	respond	respond	VERB
eistud-34325	238	26	to	to	ADP
eistud-34325	238	27	the	the	DET
eistud-34325	238	28	same	same	ADJ
eistud-34325	238	29	exogenous	exogenous	ADJ
eistud-34325	238	30	factors	factor	NOUN
eistud-34325	238	31	in	in	ADP
eistud-34325	238	32	the	the	DET
eistud-34325	238	33	same	same	ADJ
eistud-34325	238	34	manner	manner	NOUN
eistud-34325	238	35	.	.	PUNCT
eistud-34325	239	1	during	during	ADP
eistud-34325	239	2	the	the	DET
eistud-34325	239	3	period	period	NOUN
eistud-34325	239	4	of	of	ADP
eistud-34325	239	5	2015	2015	NUM
eistud-34325	239	6	-	-	SYM
eistud-34325	239	7	2020	2020	NUM
eistud-34325	239	8	the	the	DET
eistud-34325	239	9	statistically	statistically	ADV
eistud-34325	239	10	significant	significant	ADJ
eistud-34325	239	11	coefficient	coefficient	NOUN
eistud-34325	239	12	β	β	NOUN
eistud-34325	239	13	at	at	ADP
eistud-34325	239	14	0.41	0.41	NUM
eistud-34325	239	15	is	be	AUX
eistud-34325	239	16	well	well	ADV
eistud-34325	239	17	below	below	ADP
eistud-34325	239	18	unity	unity	NOUN
eistud-34325	239	19	.	.	PUNCT
eistud-34325	240	1	this	this	PRON
eistud-34325	240	2	allows	allow	VERB
eistud-34325	240	3	to	to	PART
eistud-34325	240	4	conclude	conclude	VERB
eistud-34325	240	5	that	that	SCONJ
eistud-34325	240	6	the	the	DET
eistud-34325	240	7	big	big	ADJ
eistud-34325	240	8	oecd	oecd	PROPN
eistud-34325	240	9	countries	country	NOUN
eistud-34325	240	10	were	be	AUX
eistud-34325	240	11	exporting	export	VERB
eistud-34325	240	12	and	and	CCONJ
eistud-34325	240	13	importing	import	VERB
eistud-34325	240	14	savings	saving	NOUN
eistud-34325	240	15	,	,	PUNCT
eistud-34325	240	16	achieving	achieve	VERB
eistud-34325	240	17	high	high	ADJ
eistud-34325	240	18	capital	capital	NOUN
eistud-34325	240	19	mobility	mobility	NOUN
eistud-34325	240	20	.	.	PUNCT
eistud-34325	241	1	distribution	distribution	NOUN
eistud-34325	241	2	of	of	ADP
eistud-34325	241	3	both	both	DET
eistud-34325	241	4	variables	variable	NOUN
eistud-34325	241	5	also	also	ADV
eistud-34325	241	6	seemed	seem	VERB
eistud-34325	241	7	to	to	PART
eistud-34325	241	8	be	be	AUX
eistud-34325	241	9	very	very	ADV
eistud-34325	241	10	much	much	ADJ
eistud-34325	241	11	gaussian	gaussian	NOUN
eistud-34325	241	12	over	over	ADP
eistud-34325	241	13	the	the	DET
eistud-34325	241	14	period	period	NOUN
eistud-34325	241	15	.	.	PUNCT
eistud-34325	242	1	117	117	NUM
eistud-34325	242	2	european	european	ADJ
eistud-34325	242	3	integrat	integrat	NOUN
eistud-34325	242	4	ion	ion	NOUN
eistud-34325	242	5	studies	study	NOUN
eistud-34325	242	6	2023/17	2023/17	NUM
eistud-34325	242	7	figure	figure	NOUN
eistud-34325	242	8	2	2	NUM
eistud-34325	242	9	kde	kde	NOUN
eistud-34325	242	10	joint	joint	ADJ
eistud-34325	242	11	plot	plot	NOUN
eistud-34325	242	12	for	for	ADP
eistud-34325	242	13	gross	gross	ADJ
eistud-34325	242	14	domestic	domestic	ADJ
eistud-34325	242	15	savings	saving	NOUN
eistud-34325	242	16	and	and	CCONJ
eistud-34325	242	17	capital	capital	NOUN
eistud-34325	242	18	formation	formation	NOUN
eistud-34325	242	19	,	,	PUNCT
eistud-34325	242	20	set	set	VERB
eistud-34325	242	21	#	#	SYM
eistud-34325	242	22	2	2	NUM
eistud-34325	242	23	,	,	PUNCT
eistud-34325	242	24	2010	2010	NUM
eistud-34325	242	25	-	-	SYM
eistud-34325	242	26	14	14	NUM
eistud-34325	242	27	and	and	CCONJ
eistud-34325	242	28	2015	2015	NUM
eistud-34325	242	29	-	-	SYM
eistud-34325	242	30	20	20	NUM
eistud-34325	242	31	source	source	NOUN
eistud-34325	242	32	:	:	PUNCT
eistud-34325	242	33	author	author	NOUN
eistud-34325	242	34	figure	figure	NOUN
eistud-34325	242	35	3	3	NUM
eistud-34325	242	36	kde	kde	NOUN
eistud-34325	242	37	joint	joint	ADJ
eistud-34325	242	38	plot	plot	NOUN
eistud-34325	242	39	for	for	ADP
eistud-34325	242	40	gross	gross	ADJ
eistud-34325	242	41	domestic	domestic	ADJ
eistud-34325	242	42	savings	saving	NOUN
eistud-34325	242	43	and	and	CCONJ
eistud-34325	242	44	capital	capital	NOUN
eistud-34325	242	45	formation	formation	NOUN
eistud-34325	242	46	,	,	PUNCT
eistud-34325	242	47	set	set	VERB
eistud-34325	242	48	#	#	SYM
eistud-34325	242	49	3	3	NUM
eistud-34325	242	50	,	,	PUNCT
eistud-34325	242	51	2010	2010	NUM
eistud-34325	242	52	-	-	SYM
eistud-34325	242	53	14	14	NUM
eistud-34325	242	54	and	and	CCONJ
eistud-34325	242	55	2015	2015	NUM
eistud-34325	242	56	-	-	SYM
eistud-34325	242	57	20	20	NUM
eistud-34325	242	58	source	source	NOUN
eistud-34325	242	59	:	:	PUNCT
eistud-34325	242	60	author	author	NOUN
eistud-34325	242	61	european	european	ADJ
eistud-34325	242	62	integrat	integrat	PROPN
eistud-34325	242	63	ion	ion	NOUN
eistud-34325	242	64	studies2023/17	studies2023/17	NOUN
eistud-34325	242	65	118	118	NUM
eistud-34325	242	66	figure	figure	NOUN
eistud-34325	242	67	4	4	NUM
eistud-34325	242	68	kde	kde	NOUN
eistud-34325	242	69	joint	joint	ADJ
eistud-34325	242	70	plot	plot	NOUN
eistud-34325	242	71	for	for	ADP
eistud-34325	242	72	gross	gross	ADJ
eistud-34325	242	73	domestic	domestic	ADJ
eistud-34325	242	74	savings	saving	NOUN
eistud-34325	242	75	and	and	CCONJ
eistud-34325	242	76	capital	capital	NOUN
eistud-34325	242	77	formation	formation	NOUN
eistud-34325	242	78	,	,	PUNCT
eistud-34325	242	79	set	set	VERB
eistud-34325	242	80	#	#	SYM
eistud-34325	242	81	4	4	NUM
eistud-34325	242	82	,	,	PUNCT
eistud-34325	242	83	2010	2010	NUM
eistud-34325	242	84	-	-	SYM
eistud-34325	242	85	14	14	NUM
eistud-34325	242	86	and	and	CCONJ
eistud-34325	242	87	2015	2015	NUM
eistud-34325	242	88	-	-	SYM
eistud-34325	242	89	20	20	NUM
eistud-34325	242	90	source	source	NOUN
eistud-34325	242	91	:	:	PUNCT
eistud-34325	242	92	author	author	NOUN
eistud-34325	242	93	results	result	NOUN
eistud-34325	242	94	obtained	obtain	VERB
eistud-34325	242	95	for	for	ADP
eistud-34325	242	96	set	set	NOUN
eistud-34325	242	97	#	#	SYM
eistud-34325	242	98	3	3	NUM
eistud-34325	242	99	seem	seem	VERB
eistud-34325	242	100	consistent	consistent	ADJ
eistud-34325	242	101	and	and	CCONJ
eistud-34325	242	102	statistically	statistically	ADV
eistud-34325	242	103	significant	significant	ADJ
eistud-34325	242	104	.	.	PUNCT
eistud-34325	243	1	first	first	ADV
eistud-34325	243	2	,	,	PUNCT
eistud-34325	243	3	the	the	DET
eistud-34325	243	4	period	period	NOUN
eistud-34325	243	5	of	of	ADP
eistud-34325	243	6	20102014	20102014	NUM
eistud-34325	243	7	(	(	PUNCT
eistud-34325	243	8	blue	blue	ADJ
eistud-34325	243	9	)	)	PUNCT
eistud-34325	243	10	was	be	AUX
eistud-34325	243	11	time	time	NOUN
eistud-34325	243	12	of	of	ADP
eistud-34325	243	13	less	less	ADV
eistud-34325	243	14	pronounced	pronounced	ADJ
eistud-34325	243	15	relationship	relationship	NOUN
eistud-34325	243	16	between	between	ADP
eistud-34325	243	17	gross	gross	ADJ
eistud-34325	243	18	domestic	domestic	ADJ
eistud-34325	243	19	savings	saving	NOUN
eistud-34325	243	20	and	and	CCONJ
eistud-34325	243	21	gross	gross	ADJ
eistud-34325	243	22	domestic	domestic	ADJ
eistud-34325	243	23	capital	capital	NOUN
eistud-34325	243	24	formation	formation	NOUN
eistud-34325	243	25	,	,	PUNCT
eistud-34325	243	26	similar	similar	ADJ
eistud-34325	243	27	to	to	PART
eistud-34325	243	28	set	set	VERB
eistud-34325	243	29	#	#	SYM
eistud-34325	243	30	1	1	NUM
eistud-34325	243	31	.	.	PUNCT
eistud-34325	244	1	recovering	recover	VERB
eistud-34325	244	2	from	from	ADP
eistud-34325	244	3	2008	2008	NUM
eistud-34325	244	4	-	-	PUNCT
eistud-34325	244	5	crisis	crisis	NOUN
eistud-34325	244	6	might	might	AUX
eistud-34325	244	7	be	be	AUX
eistud-34325	244	8	responsible	responsible	ADJ
eistud-34325	244	9	for	for	ADP
eistud-34325	244	10	such	such	DET
eistud-34325	244	11	a	a	DET
eistud-34325	244	12	result	result	NOUN
eistud-34325	244	13	.	.	PUNCT
eistud-34325	245	1	then	then	ADV
eistud-34325	245	2	,	,	PUNCT
eistud-34325	245	3	in	in	ADP
eistud-34325	245	4	the	the	DET
eistud-34325	245	5	period	period	NOUN
eistud-34325	245	6	of	of	ADP
eistud-34325	245	7	2015	2015	NUM
eistud-34325	245	8	-	-	SYM
eistud-34325	245	9	2020	2020	NUM
eistud-34325	245	10	,	,	PUNCT
eistud-34325	245	11	a	a	DET
eistud-34325	245	12	much	much	ADV
eistud-34325	245	13	more	more	ADV
eistud-34325	245	14	pronounced	pronounced	ADJ
eistud-34325	245	15	positive	positive	ADJ
eistud-34325	245	16	relationship	relationship	NOUN
eistud-34325	245	17	between	between	ADP
eistud-34325	245	18	savings	saving	NOUN
eistud-34325	245	19	and	and	CCONJ
eistud-34325	245	20	investment	investment	NOUN
eistud-34325	245	21	emerged	emerge	VERB
eistud-34325	245	22	domestically	domestically	ADV
eistud-34325	245	23	,	,	PUNCT
eistud-34325	245	24	with	with	ADP
eistud-34325	245	25	β	β	NOUN
eistud-34325	245	26	at	at	ADP
eistud-34325	245	27	almost	almost	ADV
eistud-34325	245	28	0.7	0.7	NUM
eistud-34325	245	29	,	,	PUNCT
eistud-34325	245	30	much	much	ADV
eistud-34325	245	31	higher	high	ADJ
eistud-34325	245	32	than	than	ADP
eistud-34325	245	33	in	in	ADP
eistud-34325	245	34	set	set	NOUN
eistud-34325	245	35	#	#	SYM
eistud-34325	245	36	1	1	NUM
eistud-34325	245	37	.	.	PUNCT
eistud-34325	246	1	this	this	PRON
eistud-34325	246	2	could	could	AUX
eistud-34325	246	3	be	be	AUX
eistud-34325	246	4	a	a	DET
eistud-34325	246	5	sign	sign	NOUN
eistud-34325	246	6	of	of	ADP
eistud-34325	246	7	a	a	DET
eistud-34325	246	8	much	much	ADV
eistud-34325	246	9	lower	low	ADJ
eistud-34325	246	10	domestic	domestic	ADJ
eistud-34325	246	11	savings	saving	NOUN
eistud-34325	246	12	mobility	mobility	NOUN
eistud-34325	246	13	for	for	ADP
eistud-34325	246	14	these	these	DET
eistud-34325	246	15	countries	country	NOUN
eistud-34325	246	16	,	,	PUNCT
eistud-34325	246	17	or	or	CCONJ
eistud-34325	246	18	a	a	DET
eistud-34325	246	19	much	much	ADV
eistud-34325	246	20	stronger	strong	ADJ
eistud-34325	246	21	response	response	NOUN
eistud-34325	246	22	to	to	ADP
eistud-34325	246	23	common	common	ADJ
eistud-34325	246	24	exogenous	exogenous	ADJ
eistud-34325	246	25	factors	factor	NOUN
eistud-34325	246	26	.	.	PUNCT
eistud-34325	247	1	the	the	DET
eistud-34325	247	2	outlier	outlier	NOUN
eistud-34325	247	3	here	here	ADV
eistud-34325	247	4	is	be	AUX
eistud-34325	247	5	luxembourg	luxembourg	PROPN
eistud-34325	247	6	,	,	PUNCT
eistud-34325	247	7	for	for	ADP
eistud-34325	247	8	obvious	obvious	ADJ
eistud-34325	247	9	reasons	reason	NOUN
eistud-34325	247	10	associated	associate	VERB
eistud-34325	247	11	with	with	ADP
eistud-34325	247	12	the	the	DET
eistud-34325	247	13	leading	lead	VERB
eistud-34325	247	14	tax	tax	NOUN
eistud-34325	247	15	heaven	heaven	PROPN
eistud-34325	247	16	status	status	NOUN
eistud-34325	247	17	and	and	CCONJ
eistud-34325	247	18	high	high	ADJ
eistud-34325	247	19	capital	capital	NOUN
eistud-34325	247	20	mobility	mobility	NOUN
eistud-34325	247	21	.	.	PUNCT
eistud-34325	248	1	all	all	DET
eistud-34325	248	2	other	other	ADJ
eistud-34325	248	3	small	small	ADJ
eistud-34325	248	4	economies	economy	NOUN
eistud-34325	248	5	included	include	VERB
eistud-34325	248	6	here	here	ADV
eistud-34325	248	7	fit	fit	ADJ
eistud-34325	248	8	very	very	ADV
eistud-34325	248	9	well	well	ADV
eistud-34325	248	10	in	in	ADP
eistud-34325	248	11	the	the	DET
eistud-34325	248	12	original	original	ADJ
eistud-34325	248	13	interpretation	interpretation	NOUN
eistud-34325	248	14	offered	offer	VERB
eistud-34325	248	15	by	by	ADP
eistud-34325	248	16	feldstein	feldstein	NOUN
eistud-34325	248	17	and	and	CCONJ
eistud-34325	248	18	horioka	horioka	NOUN
eistud-34325	248	19	(	(	PUNCT
eistud-34325	248	20	1980	1980	NUM
eistud-34325	248	21	)	)	PUNCT
eistud-34325	248	22	.	.	PUNCT
eistud-34325	249	1	the	the	DET
eistud-34325	249	2	value	value	NOUN
eistud-34325	249	3	of	of	ADP
eistud-34325	249	4	estimated	estimated	ADJ
eistud-34325	249	5	β	β	X
eistud-34325	249	6	is	be	AUX
eistud-34325	249	7	much	much	ADV
eistud-34325	249	8	closer	close	ADJ
eistud-34325	249	9	to	to	ADP
eistud-34325	249	10	zero	zero	NUM
eistud-34325	249	11	than	than	ADP
eistud-34325	249	12	for	for	ADP
eistud-34325	249	13	any	any	DET
eistud-34325	249	14	other	other	ADJ
eistud-34325	249	15	set	set	NOUN
eistud-34325	249	16	of	of	ADP
eistud-34325	249	17	countries	country	NOUN
eistud-34325	249	18	.	.	PUNCT
eistud-34325	250	1	reiterating	reiterate	VERB
eistud-34325	250	2	the	the	DET
eistud-34325	250	3	interpretation	interpretation	NOUN
eistud-34325	250	4	one	one	PRON
eistud-34325	250	5	should	should	AUX
eistud-34325	250	6	point	point	VERB
eistud-34325	250	7	out	out	ADP
eistud-34325	250	8	that	that	SCONJ
eistud-34325	250	9	this	this	DET
eistud-34325	250	10	result	result	NOUN
eistud-34325	250	11	reflects	reflect	VERB
eistud-34325	250	12	absolutely	absolutely	ADV
eistud-34325	250	13	tiny	tiny	ADJ
eistud-34325	250	14	,	,	PUNCT
eistud-34325	250	15	and	and	CCONJ
eistud-34325	250	16	therefore	therefore	ADV
eistud-34325	250	17	negligible	negligible	ADJ
eistud-34325	250	18	,	,	PUNCT
eistud-34325	250	19	contribution	contribution	NOUN
eistud-34325	250	20	to	to	ADP
eistud-34325	250	21	global	global	ADJ
eistud-34325	250	22	pool	pool	NOUN
eistud-34325	250	23	of	of	ADP
eistud-34325	250	24	savings	saving	NOUN
eistud-34325	250	25	by	by	ADP
eistud-34325	250	26	such	such	ADJ
eistud-34325	250	27	economies	economy	NOUN
eistud-34325	250	28	.	.	PUNCT
eistud-34325	251	1	these	these	DET
eistud-34325	251	2	results	result	NOUN
eistud-34325	251	3	confirm	confirm	VERB
eistud-34325	251	4	the	the	DET
eistud-34325	251	5	findings	finding	NOUN
eistud-34325	251	6	by	by	ADP
eistud-34325	251	7	feldstein	feldstein	NOUN
eistud-34325	251	8	and	and	CCONJ
eistud-34325	251	9	horioka	horioka	NOUN
eistud-34325	251	10	(	(	PUNCT
eistud-34325	251	11	1980	1980	NUM
eistud-34325	251	12	)	)	PUNCT
eistud-34325	251	13	.	.	PUNCT
eistud-34325	252	1	and	and	CCONJ
eistud-34325	252	2	then	then	ADV
eistud-34325	252	3	,	,	PUNCT
eistud-34325	252	4	for	for	ADP
eistud-34325	252	5	the	the	DET
eistud-34325	252	6	benchmarking	benchmarke	VERB
eistud-34325	252	7	set	set	NOUN
eistud-34325	252	8	,	,	PUNCT
eistud-34325	252	9	the	the	DET
eistud-34325	252	10	first	first	ADJ
eistud-34325	252	11	period	period	NOUN
eistud-34325	252	12	(	(	PUNCT
eistud-34325	252	13	2010	2010	NUM
eistud-34325	252	14	-	-	SYM
eistud-34325	252	15	2014	2014	NUM
eistud-34325	252	16	)	)	PUNCT
eistud-34325	252	17	seems	seem	VERB
eistud-34325	252	18	to	to	PART
eistud-34325	252	19	be	be	AUX
eistud-34325	252	20	not	not	PART
eistud-34325	252	21	much	much	ADV
eistud-34325	252	22	different	different	ADJ
eistud-34325	252	23	from	from	ADP
eistud-34325	252	24	the	the	DET
eistud-34325	252	25	other	other	ADJ
eistud-34325	252	26	one	one	NUM
eistud-34325	252	27	.	.	PUNCT
eistud-34325	253	1	the	the	DET
eistud-34325	253	2	usual	usual	ADJ
eistud-34325	253	3	position	position	NOUN
eistud-34325	253	4	of	of	ADP
eistud-34325	253	5	luxembourg	luxembourg	PROPN
eistud-34325	253	6	south	south	PROPN
eistud-34325	253	7	-	-	PUNCT
eistud-34325	253	8	east	east	NOUN
eistud-34325	253	9	of	of	ADP
eistud-34325	253	10	the	the	DET
eistud-34325	253	11	rest	rest	NOUN
eistud-34325	253	12	of	of	ADP
eistud-34325	253	13	the	the	DET
eistud-34325	253	14	oecd	oecd	PROPN
eistud-34325	253	15	indicates	indicate	VERB
eistud-34325	253	16	its	its	PRON
eistud-34325	253	17	economy	economy	NOUN
eistud-34325	253	18	as	as	ADP
eistud-34325	253	19	having	have	VERB
eistud-34325	253	20	even	even	ADV
eistud-34325	253	21	higher	high	ADJ
eistud-34325	253	22	capital	capital	NOUN
eistud-34325	253	23	mobility	mobility	NOUN
eistud-34325	253	24	combined	combine	VERB
eistud-34325	253	25	with	with	ADP
eistud-34325	253	26	its	its	PRON
eistud-34325	253	27	relative	relative	ADJ
eistud-34325	253	28	contribution	contribution	NOUN
eistud-34325	253	29	to	to	ADP
eistud-34325	253	30	the	the	DET
eistud-34325	253	31	global	global	ADJ
eistud-34325	253	32	pool	pool	NOUN
eistud-34325	253	33	of	of	ADP
eistud-34325	253	34	savings	saving	NOUN
eistud-34325	253	35	.	.	PUNCT
eistud-34325	254	1	119	119	NUM
eistud-34325	254	2	european	european	ADJ
eistud-34325	254	3	integrat	integrat	NOUN
eistud-34325	254	4	ion	ion	NOUN
eistud-34325	254	5	studies	study	NOUN
eistud-34325	254	6	2023/17	2023/17	NUM
eistud-34325	254	7	figure	figure	NOUN
eistud-34325	254	8	5	5	NUM
eistud-34325	254	9	kde	kde	NOUN
eistud-34325	254	10	joint	joint	ADJ
eistud-34325	254	11	plot	plot	NOUN
eistud-34325	254	12	for	for	ADP
eistud-34325	254	13	gross	gross	ADJ
eistud-34325	254	14	domestic	domestic	ADJ
eistud-34325	254	15	savings	saving	NOUN
eistud-34325	254	16	and	and	CCONJ
eistud-34325	254	17	capital	capital	NOUN
eistud-34325	254	18	formation	formation	NOUN
eistud-34325	254	19	,	,	PUNCT
eistud-34325	254	20	feldstein	feldstein	NOUN
eistud-34325	254	21	-	-	PUNCT
eistud-34325	254	22	horioka	horioka	NOUN
eistud-34325	254	23	set	set	NOUN
eistud-34325	254	24	,	,	PUNCT
eistud-34325	254	25	2010	2010	NUM
eistud-34325	254	26	-	-	SYM
eistud-34325	254	27	14	14	NUM
eistud-34325	254	28	and	and	CCONJ
eistud-34325	254	29	2015	2015	NUM
eistud-34325	254	30	-	-	SYM
eistud-34325	254	31	20	20	NUM
eistud-34325	254	32	source	source	NOUN
eistud-34325	254	33	:	:	PUNCT
eistud-34325	254	34	author	author	NOUN
eistud-34325	254	35	international	international	ADJ
eistud-34325	254	36	capital	capital	NOUN
eistud-34325	254	37	mobility	mobility	NOUN
eistud-34325	254	38	tested	test	VERB
eistud-34325	254	39	for	for	ADP
eistud-34325	254	40	bretton	bretton	PROPN
eistud-34325	254	41	woods	woods	PROPN
eistud-34325	254	42	era	era	NOUN
eistud-34325	254	43	was	be	AUX
eistud-34325	254	44	pioneering	pioneer	VERB
eistud-34325	254	45	work	work	NOUN
eistud-34325	254	46	in	in	ADP
eistud-34325	254	47	open	open	ADJ
eistud-34325	254	48	economy	economy	NOUN
eistud-34325	254	49	macroeconomics	macroeconomic	NOUN
eistud-34325	254	50	that	that	PRON
eistud-34325	254	51	opened	open	VERB
eistud-34325	254	52	a	a	DET
eistud-34325	254	53	long	long	ADJ
eistud-34325	254	54	discussion	discussion	NOUN
eistud-34325	254	55	on	on	ADP
eistud-34325	254	56	multitude	multitude	NOUN
eistud-34325	254	57	of	of	ADP
eistud-34325	254	58	related	related	ADJ
eistud-34325	254	59	topics	topic	NOUN
eistud-34325	254	60	.	.	PUNCT
eistud-34325	255	1	the	the	DET
eistud-34325	255	2	fact	fact	NOUN
eistud-34325	255	3	of	of	ADP
eistud-34325	255	4	no	no	DET
eistud-34325	255	5	capital	capital	NOUN
eistud-34325	255	6	mobility	mobility	NOUN
eistud-34325	255	7	,	,	PUNCT
eistud-34325	255	8	reported	report	VERB
eistud-34325	255	9	by	by	ADP
eistud-34325	255	10	feldstwin	feldstwin	PROPN
eistud-34325	255	11	and	and	CCONJ
eistud-34325	255	12	horioka	horioka	NOUN
eistud-34325	255	13	(	(	PUNCT
eistud-34325	255	14	1980	1980	NUM
eistud-34325	255	15	)	)	PUNCT
eistud-34325	255	16	does	do	AUX
eistud-34325	255	17	not	not	PART
eistud-34325	255	18	seem	seem	VERB
eistud-34325	255	19	so	so	ADV
eistud-34325	255	20	surprising	surprising	ADJ
eistud-34325	255	21	today	today	NOUN
eistud-34325	255	22	.	.	PUNCT
eistud-34325	256	1	when	when	SCONJ
eistud-34325	256	2	comparing	compare	VERB
eistud-34325	256	3	the	the	DET
eistud-34325	256	4	ease	ease	NOUN
eistud-34325	256	5	of	of	ADP
eistud-34325	256	6	‘	'	PUNCT
eistud-34325	256	7	going	go	VERB
eistud-34325	256	8	global	global	ADJ
eistud-34325	256	9	’	'	PUNCT
eistud-34325	256	10	by	by	ADP
eistud-34325	256	11	individual	individual	ADJ
eistud-34325	256	12	and	and	CCONJ
eistud-34325	256	13	institutional	institutional	ADJ
eistud-34325	256	14	investor	investor	NOUN
eistud-34325	256	15	portfolio	portfolio	NOUN
eistud-34325	256	16	management	management	NOUN
eistud-34325	256	17	in	in	ADP
eistud-34325	256	18	1960s	1960	NOUN
eistud-34325	256	19	and	and	CCONJ
eistud-34325	256	20	after	after	ADP
eistud-34325	256	21	year	year	NOUN
eistud-34325	256	22	2000	2000	NUM
eistud-34325	256	23	,	,	PUNCT
eistud-34325	256	24	the	the	DET
eistud-34325	256	25	‘	'	PUNCT
eistud-34325	256	26	puzzle	puzzle	NOUN
eistud-34325	256	27	’	'	PUNCT
eistud-34325	256	28	is	be	AUX
eistud-34325	256	29	not	not	PART
eistud-34325	256	30	so	so	ADV
eistud-34325	256	31	puzzling	puzzling	ADJ
eistud-34325	256	32	.	.	PUNCT
eistud-34325	257	1	the	the	DET
eistud-34325	257	2	current	current	ADJ
eistud-34325	257	3	empirical	empirical	ADJ
eistud-34325	257	4	investigation	investigation	NOUN
eistud-34325	257	5	into	into	ADP
eistud-34325	257	6	the	the	DET
eistud-34325	257	7	nature	nature	NOUN
eistud-34325	257	8	of	of	ADP
eistud-34325	257	9	the	the	DET
eistud-34325	257	10	relationship	relationship	NOUN
eistud-34325	257	11	between	between	ADP
eistud-34325	257	12	domestic	domestic	ADJ
eistud-34325	257	13	savings	saving	NOUN
eistud-34325	257	14	and	and	CCONJ
eistud-34325	257	15	investment	investment	NOUN
eistud-34325	257	16	revealed	reveal	VERB
eistud-34325	257	17	a	a	DET
eistud-34325	257	18	very	very	ADV
eistud-34325	257	19	different	different	ADJ
eistud-34325	257	20	situation	situation	NOUN
eistud-34325	257	21	from	from	ADP
eistud-34325	257	22	the	the	DET
eistud-34325	257	23	one	one	NOUN
eistud-34325	257	24	reported	report	VERB
eistud-34325	257	25	for	for	ADP
eistud-34325	257	26	1960	1960	NUM
eistud-34325	257	27	-	-	SYM
eistud-34325	257	28	1974	1974	NUM
eistud-34325	257	29	.	.	PUNCT
eistud-34325	258	1	there	there	PRON
eistud-34325	258	2	has	have	AUX
eistud-34325	258	3	been	be	AUX
eistud-34325	258	4	a	a	DET
eistud-34325	258	5	significant	significant	ADJ
eistud-34325	258	6	improvement	improvement	NOUN
eistud-34325	258	7	in	in	ADP
eistud-34325	258	8	capital	capital	NOUN
eistud-34325	258	9	allocation	allocation	NOUN
eistud-34325	258	10	.	.	PUNCT
eistud-34325	259	1	savings	saving	NOUN
eistud-34325	259	2	generated	generate	VERB
eistud-34325	259	3	in	in	ADP
eistud-34325	259	4	one	one	NUM
eistud-34325	259	5	country	country	NOUN
eistud-34325	259	6	are	be	AUX
eistud-34325	259	7	in	in	ADP
eistud-34325	259	8	much	much	ADV
eistud-34325	259	9	lesser	less	ADJ
eistud-34325	259	10	extent	extent	NOUN
eistud-34325	259	11	‘	'	PUNCT
eistud-34325	259	12	grounded	ground	VERB
eistud-34325	259	13	’	'	PUNCT
eistud-34325	259	14	domestically	domestically	ADV
eistud-34325	259	15	.	.	PUNCT
eistud-34325	260	1	instead	instead	ADV
eistud-34325	260	2	,	,	PUNCT
eistud-34325	260	3	globalization	globalization	NOUN
eistud-34325	260	4	,	,	PUNCT
eistud-34325	260	5	or	or	CCONJ
eistud-34325	260	6	in	in	ADP
eistud-34325	260	7	fact	fact	NOUN
eistud-34325	260	8	,	,	PUNCT
eistud-34325	260	9	regional	regional	ADJ
eistud-34325	260	10	economic	economic	ADJ
eistud-34325	260	11	integration	integration	NOUN
eistud-34325	260	12	in	in	ADP
eistud-34325	260	13	the	the	DET
eistud-34325	260	14	eu	eu	PROPN
eistud-34325	260	15	,	,	PUNCT
eistud-34325	260	16	allows	allow	VERB
eistud-34325	260	17	savers	saver	NOUN
eistud-34325	260	18	to	to	PART
eistud-34325	260	19	seek	seek	VERB
eistud-34325	260	20	higher	high	ADJ
eistud-34325	260	21	yields	yield	NOUN
eistud-34325	260	22	outside	outside	ADP
eistud-34325	260	23	their	their	PRON
eistud-34325	260	24	domestic	domestic	ADJ
eistud-34325	260	25	economies	economy	NOUN
eistud-34325	260	26	.	.	PUNCT
eistud-34325	261	1	this	this	PRON
eistud-34325	261	2	is	be	AUX
eistud-34325	261	3	not	not	PART
eistud-34325	261	4	a	a	DET
eistud-34325	261	5	surprise	surprise	NOUN
eistud-34325	261	6	that	that	PRON
eistud-34325	261	7	the	the	DET
eistud-34325	261	8	eu27	eu27	PROPN
eistud-34325	261	9	states	state	NOUN
eistud-34325	261	10	enjoy	enjoy	VERB
eistud-34325	261	11	much	much	ADV
eistud-34325	261	12	higher	high	ADJ
eistud-34325	261	13	international	international	ADJ
eistud-34325	261	14	capital	capital	NOUN
eistud-34325	261	15	mobility	mobility	NOUN
eistud-34325	261	16	than	than	ADP
eistud-34325	261	17	the	the	DET
eistud-34325	261	18	other	other	ADJ
eistud-34325	261	19	oecd	oecd	PROPN
eistud-34325	261	20	countries	country	NOUN
eistud-34325	261	21	(	(	PUNCT
eistud-34325	261	22	table	table	NOUN
eistud-34325	261	23	5	5	NUM
eistud-34325	261	24	)	)	PUNCT
eistud-34325	261	25	.	.	PUNCT
eistud-34325	262	1	the	the	DET
eistud-34325	262	2	common	common	ADJ
eistud-34325	262	3	market	market	NOUN
eistud-34325	262	4	operates	operate	VERB
eistud-34325	262	5	for	for	ADP
eistud-34325	262	6	more	more	ADJ
eistud-34325	262	7	than	than	ADP
eistud-34325	262	8	two	two	NUM
eistud-34325	262	9	decades	decade	NOUN
eistud-34325	262	10	for	for	ADP
eistud-34325	262	11	many	many	ADJ
eistud-34325	262	12	of	of	ADP
eistud-34325	262	13	the	the	DET
eistud-34325	262	14	current	current	ADJ
eistud-34325	262	15	members	member	NOUN
eistud-34325	262	16	.	.	PUNCT
eistud-34325	263	1	any	any	DET
eistud-34325	263	2	arguments	argument	NOUN
eistud-34325	263	3	,	,	PUNCT
eistud-34325	263	4	by	by	ADP
eistud-34325	263	5	feldstein	feldstein	NOUN
eistud-34325	263	6	and	and	CCONJ
eistud-34325	263	7	horioka	horioka	NOUN
eistud-34325	263	8	(	(	PUNCT
eistud-34325	263	9	1980	1980	NUM
eistud-34325	263	10	)	)	PUNCT
eistud-34325	263	11	that	that	PRON
eistud-34325	263	12	might	might	AUX
eistud-34325	263	13	justify	justify	VERB
eistud-34325	263	14	reluctance	reluctance	NOUN
eistud-34325	263	15	of	of	ADP
eistud-34325	263	16	savers	saver	NOUN
eistud-34325	263	17	(	(	PUNCT
eistud-34325	263	18	investors	investor	NOUN
eistud-34325	263	19	)	)	PUNCT
eistud-34325	263	20	to	to	PART
eistud-34325	263	21	move	move	VERB
eistud-34325	263	22	savings	saving	NOUN
eistud-34325	263	23	(	(	PUNCT
eistud-34325	263	24	capital	capital	NOUN
eistud-34325	263	25	)	)	PUNCT
eistud-34325	263	26	abroad	abroad	ADV
eistud-34325	263	27	but	but	CCONJ
eistud-34325	263	28	within	within	ADP
eistud-34325	263	29	the	the	DET
eistud-34325	263	30	eu	eu	PROPN
eistud-34325	263	31	,	,	PUNCT
eistud-34325	263	32	do	do	AUX
eistud-34325	263	33	not	not	PART
eistud-34325	263	34	seem	seem	VERB
eistud-34325	263	35	to	to	PART
eistud-34325	263	36	be	be	AUX
eistud-34325	263	37	valid	valid	ADJ
eistud-34325	263	38	anymore	anymore	ADV
eistud-34325	263	39	.	.	PUNCT
eistud-34325	264	1	other	other	ADJ
eistud-34325	264	2	oecd	oecd	PROPN
eistud-34325	264	3	countries	country	NOUN
eistud-34325	264	4	,	,	PUNCT
eistud-34325	264	5	and	and	CCONJ
eistud-34325	264	6	in	in	ADP
eistud-34325	264	7	particular	particular	ADJ
eistud-34325	264	8	the	the	DET
eistud-34325	264	9	feldstein	feldstein	NOUN
eistud-34325	264	10	and	and	CCONJ
eistud-34325	264	11	horioka	horioka	NOUN
eistud-34325	264	12	(	(	PUNCT
eistud-34325	264	13	1980	1980	NUM
eistud-34325	264	14	)	)	PUNCT
eistud-34325	264	15	set	set	NOUN
eistud-34325	264	16	,	,	PUNCT
eistud-34325	264	17	have	have	AUX
eistud-34325	264	18	also	also	ADV
eistud-34325	264	19	moved	move	VERB
eistud-34325	264	20	to	to	ADP
eistud-34325	264	21	a	a	DET
eistud-34325	264	22	much	much	ADV
eistud-34325	264	23	higher	high	ADJ
eistud-34325	264	24	international	international	ADJ
eistud-34325	264	25	capital	capital	NOUN
eistud-34325	264	26	mobility	mobility	NOUN
eistud-34325	264	27	stage	stage	NOUN
eistud-34325	264	28	.	.	PUNCT
eistud-34325	265	1	figure	figure	NOUN
eistud-34325	265	2	4	4	NUM
eistud-34325	265	3	allows	allow	VERB
eistud-34325	265	4	to	to	PART
eistud-34325	265	5	claim	claim	VERB
eistud-34325	265	6	that	that	SCONJ
eistud-34325	265	7	this	this	DET
eistud-34325	265	8	situation	situation	NOUN
eistud-34325	265	9	is	be	AUX
eistud-34325	265	10	quite	quite	ADV
eistud-34325	265	11	stable	stable	ADJ
eistud-34325	265	12	,	,	PUNCT
eistud-34325	265	13	with	with	ADP
eistud-34325	265	14	some	some	DET
eistud-34325	265	15	disturbance	disturbance	NOUN
eistud-34325	265	16	in	in	ADP
eistud-34325	265	17	the	the	DET
eistud-34325	265	18	2010	2010	NUM
eistud-34325	265	19	-	-	SYM
eistud-34325	265	20	2014	2014	NUM
eistud-34325	265	21	sample	sample	NOUN
eistud-34325	265	22	period	period	NOUN
eistud-34325	265	23	due	due	ADP
eistud-34325	265	24	to	to	PART
eistud-34325	265	25	post	post	VERB
eistud-34325	265	26	2008	2008	NUM
eistud-34325	265	27	crisis	crisis	NOUN
eistud-34325	265	28	recovery	recovery	NOUN
eistud-34325	265	29	.	.	PUNCT
eistud-34325	266	1	summarizing	summarizing	NOUN
eistud-34325	266	2	,	,	PUNCT
eistud-34325	266	3	all	all	DET
eistud-34325	266	4	the	the	DET
eistud-34325	266	5	results	result	NOUN
eistud-34325	266	6	indicate	indicate	VERB
eistud-34325	266	7	a	a	DET
eistud-34325	266	8	substantial	substantial	ADJ
eistud-34325	266	9	increase	increase	NOUN
eistud-34325	266	10	in	in	ADP
eistud-34325	266	11	international	international	ADJ
eistud-34325	266	12	capital	capital	NOUN
eistud-34325	266	13	mobility	mobility	NOUN
eistud-34325	266	14	since	since	SCONJ
eistud-34325	266	15	1960s-1970s	1960s-1970s	NUM
eistud-34325	266	16	.	.	PUNCT
eistud-34325	267	1	this	this	PRON
eistud-34325	267	2	means	mean	VERB
eistud-34325	267	3	that	that	SCONJ
eistud-34325	267	4	savings	savings	NOUN
eistud-34325	267	5	fuel	fuel	NOUN
eistud-34325	267	6	investment	investment	NOUN
eistud-34325	267	7	that	that	PRON
eistud-34325	267	8	maximizes	maximize	VERB
eistud-34325	267	9	benefits	benefit	NOUN
eistud-34325	267	10	to	to	ADP
eistud-34325	267	11	savers	saver	NOUN
eistud-34325	267	12	without	without	ADP
eistud-34325	267	13	restricting	restrict	VERB
eistud-34325	267	14	available	available	ADJ
eistud-34325	267	15	options	option	NOUN
eistud-34325	267	16	to	to	ADP
eistud-34325	267	17	domestic	domestic	ADJ
eistud-34325	267	18	projects	project	NOUN
eistud-34325	267	19	.	.	PUNCT
eistud-34325	268	1	conclusions	conclusion	NOUN
eistud-34325	268	2	european	european	ADJ
eistud-34325	268	3	integrat	integrat	PROPN
eistud-34325	268	4	ion	ion	NOUN
eistud-34325	268	5	studies2023/17	studies2023/17	NOUN
eistud-34325	268	6	120	120	NUM
eistud-34325	268	7	the	the	DET
eistud-34325	268	8	biggest	big	ADJ
eistud-34325	268	9	gains	gain	NOUN
eistud-34325	268	10	associated	associate	VERB
eistud-34325	268	11	with	with	ADP
eistud-34325	268	12	the	the	DET
eistud-34325	268	13	highest	high	ADJ
eistud-34325	268	14	international	international	ADJ
eistud-34325	268	15	capital	capital	NOUN
eistud-34325	268	16	mobility	mobility	NOUN
eistud-34325	268	17	are	be	AUX
eistud-34325	268	18	enjoyed	enjoy	VERB
eistud-34325	268	19	by	by	ADP
eistud-34325	268	20	the	the	DET
eistud-34325	268	21	eu27	eu27	PROPN
eistud-34325	268	22	.	.	PUNCT
eistud-34325	269	1	this	this	DET
eistud-34325	269	2	empirical	empirical	ADJ
eistud-34325	269	3	study	study	NOUN
eistud-34325	269	4	is	be	AUX
eistud-34325	269	5	an	an	DET
eistud-34325	269	6	explicit	explicit	ADJ
eistud-34325	269	7	proof	proof	NOUN
eistud-34325	269	8	that	that	SCONJ
eistud-34325	269	9	economic	economic	ADJ
eistud-34325	269	10	integration	integration	NOUN
eistud-34325	269	11	in	in	ADP
eistud-34325	269	12	europe	europe	PROPN
eistud-34325	269	13	offers	offer	VERB
eistud-34325	269	14	benefits	benefit	NOUN
eistud-34325	269	15	in	in	ADP
eistud-34325	269	16	a	a	DET
eistud-34325	269	17	form	form	NOUN
eistud-34325	269	18	of	of	ADP
eistud-34325	269	19	increased	increase	VERB
eistud-34325	269	20	efficiency	efficiency	NOUN
eistud-34325	269	21	.	.	PUNCT
eistud-34325	270	1	scarce	scarce	ADJ
eistud-34325	270	2	resources	resource	NOUN
eistud-34325	270	3	(	(	PUNCT
eistud-34325	270	4	i.e.	i.e.	X
eistud-34325	270	5	capital	capital	NOUN
eistud-34325	270	6	)	)	PUNCT
eistud-34325	270	7	are	be	AUX
eistud-34325	270	8	used	use	VERB
eistud-34325	270	9	more	more	ADV
eistud-34325	270	10	productively	productively	ADV
eistud-34325	270	11	.	.	PUNCT
eistud-34325	271	1	capital	capital	NOUN
eistud-34325	271	2	keeps	keep	VERB
eistud-34325	271	3	flowing	flow	VERB
eistud-34325	271	4	intensively	intensively	ADV
eistud-34325	271	5	between	between	ADP
eistud-34325	271	6	the	the	DET
eistud-34325	271	7	eu	eu	PROPN
eistud-34325	271	8	countries	country	NOUN
eistud-34325	271	9	to	to	PART
eistud-34325	271	10	allow	allow	VERB
eistud-34325	271	11	for	for	ADP
eistud-34325	271	12	implementation	implementation	NOUN
eistud-34325	271	13	of	of	ADP
eistud-34325	271	14	investment	investment	NOUN
eistud-34325	271	15	projects	project	NOUN
eistud-34325	271	16	with	with	ADP
eistud-34325	271	17	the	the	DET
eistud-34325	271	18	highest	high	ADJ
eistud-34325	271	19	yields	yield	NOUN
eistud-34325	271	20	regionally	regionally	ADV
eistud-34325	271	21	and	and	CCONJ
eistud-34325	271	22	to	to	ADP
eistud-34325	271	23	high	high	ADJ
eistud-34325	271	24	extent	extent	NOUN
eistud-34325	271	25	also	also	ADV
eistud-34325	271	26	globally	globally	ADV
eistud-34325	271	27	.	.	PUNCT
eistud-34325	272	1	apergis	apergis	PROPN
eistud-34325	272	2	,	,	PUNCT
eistud-34325	272	3	n.	n.	PROPN
eistud-34325	272	4	&	&	CCONJ
eistud-34325	272	5	tsoumas	tsoumas	PROPN
eistud-34325	272	6	c.	c.	PROPN
eistud-34325	272	7	(	(	PUNCT
eistud-34325	272	8	2009	2009	NUM
eistud-34325	272	9	)	)	PUNCT
eistud-34325	272	10	.	.	PUNCT
eistud-34325	273	1	a	a	DET
eistud-34325	273	2	survey	survey	NOUN
eistud-34325	273	3	of	of	ADP
eistud-34325	273	4	the	the	DET
eistud-34325	273	5	feldstein	feldstein	NOUN
eistud-34325	273	6	-	-	PUNCT
eistud-34325	273	7	horioka	horioka	NOUN
eistud-34325	273	8	puzzle	puzzle	NOUN
eistud-34325	273	9	:	:	PUNCT
eistud-34325	273	10	what	what	PRON
eistud-34325	273	11	has	have	AUX
eistud-34325	273	12	been	be	AUX
eistud-34325	273	13	done	do	VERB
eistud-34325	273	14	and	and	CCONJ
eistud-34325	273	15	where	where	SCONJ
eistud-34325	273	16	we	we	PRON
eistud-34325	273	17	stand	stand	VERB
eistud-34325	273	18	.	.	PUNCT
eistud-34325	274	1	research	research	NOUN
eistud-34325	274	2	in	in	ADP
eistud-34325	274	3	economics	economic	NOUN
eistud-34325	274	4	,	,	PUNCT
eistud-34325	274	5	63	63	NUM
eistud-34325	274	6	,	,	PUNCT
eistud-34325	274	7	64	64	NUM
eistud-34325	274	8	-	-	SYM
eistud-34325	274	9	76	76	NUM
eistud-34325	274	10	.	.	PUNCT
eistud-34325	275	1	https://doi.org/10.1016/j.rie.2009.05.001	https://doi.org/10.1016/j.rie.2009.05.001	PROPN
eistud-34325	275	2	byrne	byrne	NOUN
eistud-34325	275	3	,	,	PUNCT
eistud-34325	275	4	j.	j.	PROPN
eistud-34325	275	5	,	,	PUNCT
eistud-34325	275	6	fazio	fazio	PROPN
eistud-34325	275	7	,	,	PUNCT
eistud-34325	275	8	g.	g.	PROPN
eistud-34325	275	9	&	&	CCONJ
eistud-34325	275	10	fiess	fiess	PROPN
eistud-34325	275	11	,	,	PUNCT
eistud-34325	275	12	n.	n.	NOUN
eistud-34325	275	13	(	(	PUNCT
eistud-34325	275	14	2009	2009	NUM
eistud-34325	275	15	)	)	PUNCT
eistud-34325	275	16	the	the	DET
eistud-34325	275	17	global	global	ADJ
eistud-34325	275	18	side	side	NOUN
eistud-34325	275	19	of	of	ADP
eistud-34325	275	20	the	the	DET
eistud-34325	275	21	investment	investment	NOUN
eistud-34325	275	22	-	-	PUNCT
eistud-34325	275	23	saving	save	VERB
eistud-34325	275	24	puzzle	puzzle	NOUN
eistud-34325	275	25	.	.	PUNCT
eistud-34325	276	1	journal	journal	NOUN
eistud-34325	276	2	of	of	ADP
eistud-34325	276	3	money	money	NOUN
eistud-34325	276	4	,	,	PUNCT
eistud-34325	276	5	credit	credit	NOUN
eistud-34325	276	6	and	and	CCONJ
eistud-34325	276	7	banking	banking	NOUN
eistud-34325	276	8	,	,	PUNCT
eistud-34325	276	9	41	41	NUM
eistud-34325	276	10	,	,	PUNCT
eistud-34325	276	11	1033	1033	NUM
eistud-34325	276	12	-	-	SYM
eistud-34325	276	13	1040	1040	NUM
eistud-34325	276	14	.	.	PUNCT
eistud-34325	277	1	https://doi.org/10.1111/j.1538-4616.2009.00244.x	https://doi.org/10.1111/j.1538-4616.2009.00244.x	PROPN
eistud-34325	277	2	bywaters	bywaters	PROPN
eistud-34325	277	3	,	,	PUNCT
eistud-34325	277	4	d.	d.	PROPN
eistud-34325	277	5	&	&	CCONJ
eistud-34325	277	6	mlodkowski	mlodkowski	PROPN
eistud-34325	277	7	,	,	PUNCT
eistud-34325	277	8	p.	p.	NOUN
eistud-34325	277	9	(	(	PUNCT
eistud-34325	277	10	2012	2012	NUM
eistud-34325	277	11	)	)	PUNCT
eistud-34325	277	12	.	.	PUNCT
eistud-34325	278	1	the	the	DET
eistud-34325	278	2	role	role	NOUN
eistud-34325	278	3	of	of	ADP
eistud-34325	278	4	transactions	transaction	NOUN
eistud-34325	278	5	costs	cost	NOUN
eistud-34325	278	6	in	in	ADP
eistud-34325	278	7	economic	economic	ADJ
eistud-34325	278	8	growth	growth	NOUN
eistud-34325	278	9	.	.	PUNCT
eistud-34325	279	1	international	international	ADJ
eistud-34325	279	2	journal	journal	PROPN
eistud-34325	279	3	of	of	ADP
eistud-34325	279	4	economic	economic	ADJ
eistud-34325	279	5	policy	policy	NOUN
eistud-34325	279	6	studies	study	NOUN
eistud-34325	279	7	,	,	PUNCT
eistud-34325	279	8	7	7	NUM
eistud-34325	279	9	,	,	PUNCT
eistud-34325	279	10	53	53	NUM
eistud-34325	279	11	66	66	NUM
eistud-34325	279	12	.	.	PUNCT
eistud-34325	280	1	https://doi.org/10.1007/bf03405737	https://doi.org/10.1007/bf03405737	VERB
eistud-34325	280	2	daugeliene	daugeliene	PROPN
eistud-34325	280	3	,	,	PUNCT
eistud-34325	280	4	r.	r.	PROPN
eistud-34325	280	5	&	&	CCONJ
eistud-34325	280	6	mlodkowski	mlodkowski	PROPN
eistud-34325	280	7	,	,	PUNCT
eistud-34325	280	8	p.	p.	NOUN
eistud-34325	280	9	(	(	PUNCT
eistud-34325	280	10	2014	2014	NUM
eistud-34325	280	11	)	)	PUNCT
eistud-34325	280	12	.	.	PUNCT
eistud-34325	281	1	pattern	pattern	NOUN
eistud-34325	281	2	of	of	ADP
eistud-34325	281	3	financial	financial	ADJ
eistud-34325	281	4	flows	flow	NOUN
eistud-34325	281	5	within	within	ADP
eistud-34325	281	6	the	the	DET
eistud-34325	281	7	european	european	PROPN
eistud-34325	281	8	union	union	PROPN
eistud-34325	281	9	:	:	PUNCT
eistud-34325	281	10	first	first	ADJ
eistud-34325	281	11	insights	insight	NOUN
eistud-34325	281	12	about	about	ADP
eistud-34325	281	13	creditor	creditor	NOUN
eistud-34325	281	14	-	-	PUNCT
eistud-34325	281	15	debtor	debtor	NOUN
eistud-34325	281	16	country	country	NOUN
eistud-34325	281	17	relationship	relationship	NOUN
eistud-34325	281	18	.	.	PUNCT
eistud-34325	282	1	european	european	ADJ
eistud-34325	282	2	integration	integration	NOUN
eistud-34325	282	3	studies	study	NOUN
eistud-34325	282	4	:	:	PUNCT
eistud-34325	282	5	research	research	NOUN
eistud-34325	282	6	and	and	CCONJ
eistud-34325	282	7	topicalities	topicality	NOUN
eistud-34325	282	8	,	,	PUNCT
eistud-34325	282	9	8	8	NUM
eistud-34325	282	10	,	,	PUNCT
eistud-34325	282	11	48	48	NUM
eistud-34325	282	12	-	-	SYM
eistud-34325	282	13	55	55	NUM
eistud-34325	282	14	.	.	PUNCT
eistud-34325	283	1	https://doi.org/10.5755/j01	https://doi.org/10.5755/j01	PROPN
eistud-34325	283	2	.	.	PUNCT
eistud-34325	284	1	eis.0.8.7014	eis.0.8.7014	PROPN
eistud-34325	284	2	drakos	drakos	ADJ
eistud-34325	284	3	,	,	PUNCT
eistud-34325	284	4	a.	a.	NOUN
eistud-34325	284	5	a.	a.	PROPN
eistud-34325	284	6	,	,	PUNCT
eistud-34325	284	7	kouretas	kouretas	PROPN
eistud-34325	284	8	,	,	PUNCT
eistud-34325	284	9	g.	g.	PROPN
eistud-34325	284	10	p.	p.	NOUN
eistud-34325	284	11	and	and	CCONJ
eistud-34325	284	12	vlamis	vlamis	NOUN
eistud-34325	284	13	,	,	PUNCT
eistud-34325	284	14	p.	p.	NOUN
eistud-34325	284	15	(	(	PUNCT
eistud-34325	284	16	2018	2018	NUM
eistud-34325	284	17	)	)	PUNCT
eistud-34325	284	18	.	.	PUNCT
eistud-34325	285	1	saving	saving	NOUN
eistud-34325	285	2	,	,	PUNCT
eistud-34325	285	3	investment	investment	NOUN
eistud-34325	285	4	and	and	CCONJ
eistud-34325	285	5	capital	capital	NOUN
eistud-34325	285	6	mobility	mobility	NOUN
eistud-34325	285	7	in	in	ADP
eistud-34325	285	8	eu	eu	PROPN
eistud-34325	285	9	member	member	NOUN
eistud-34325	285	10	countries	country	NOUN
eistud-34325	285	11	:	:	PUNCT
eistud-34325	285	12	a	a	DET
eistud-34325	285	13	panel	panel	NOUN
eistud-34325	285	14	data	data	VERB
eistud-34325	285	15	analysis	analysis	NOUN
eistud-34325	285	16	of	of	ADP
eistud-34325	285	17	the	the	DET
eistud-34325	285	18	feldstein	feldstein	NOUN
eistud-34325	285	19	-	-	PUNCT
eistud-34325	285	20	horioka	horioka	NOUN
eistud-34325	285	21	puzzle	puzzle	NOUN
eistud-34325	285	22	.	.	PUNCT
eistud-34325	286	1	applied	apply	VERB
eistud-34325	286	2	economics	economic	NOUN
eistud-34325	286	3	,	,	PUNCT
eistud-34325	286	4	50	50	NUM
eistud-34325	286	5	,	,	PUNCT
eistud-34325	286	6	3798	3798	NUM
eistud-34325	286	7	-	-	SYM
eistud-34325	286	8	3811	3811	NUM
eistud-34325	286	9	.	.	PUNCT
eistud-34325	287	1	https://doi.org/10.1080/00036846.2018.1436150	https://doi.org/10.1080/00036846.2018.1436150	PROPN
eistud-34325	287	2	eaton	eaton	PROPN
eistud-34325	287	3	,	,	PUNCT
eistud-34325	287	4	j	j	PROPN
eistud-34325	287	5	,	,	PUNCT
eistud-34325	287	6	kortum	kortum	PROPN
eistud-34325	287	7	s.	s.	PROPN
eistud-34325	287	8	s.	s.	PROPN
eistud-34325	287	9	&	&	CCONJ
eistud-34325	287	10	neiman	neiman	PROPN
eistud-34325	287	11	b.	b.	PROPN
eistud-34325	287	12	(	(	PUNCT
eistud-34325	287	13	2015	2015	NUM
eistud-34325	287	14	)	)	PUNCT
eistud-34325	287	15	.	.	PUNCT
eistud-34325	288	1	obstfeld	obstfeld	VERB
eistud-34325	288	2	and	and	CCONJ
eistud-34325	288	3	rogoff‘s	rogoff‘s	PROPN
eistud-34325	288	4	international	international	PROPN
eistud-34325	288	5	macro	macro	ADJ
eistud-34325	288	6	puzzles	puzzle	NOUN
eistud-34325	288	7	:	:	PUNCT
eistud-34325	288	8	a	a	DET
eistud-34325	288	9	quantitative	quantitative	ADJ
eistud-34325	288	10	assessment	assessment	NOUN
eistud-34325	288	11	.	.	PUNCT
eistud-34325	289	1	nber	nber	PROPN
eistud-34325	289	2	working	working	PROPN
eistud-34325	289	3	paper	paper	PROPN
eistud-34325	289	4	no	no	DET
eistud-34325	289	5	21774	21774	NUM
eistud-34325	289	6	,	,	PUNCT
eistud-34325	289	7	national	national	ADJ
eistud-34325	289	8	bureau	bureau	PROPN
eistud-34325	289	9	of	of	ADP
eistud-34325	289	10	economic	economic	ADJ
eistud-34325	289	11	research	research	NOUN
eistud-34325	289	12	,	,	PUNCT
eistud-34325	289	13	cambridge	cambridge	PROPN
eistud-34325	289	14	,	,	PUNCT
eistud-34325	289	15	ma	ma	PROPN
eistud-34325	289	16	.	.	PROPN
eistud-34325	289	17	https://doi.org/10.3386/w21774	https://doi.org/10.3386/w21774	NUM
eistud-34325	289	18	feldstein	feldstein	NOUN
eistud-34325	289	19	,	,	PUNCT
eistud-34325	289	20	m.	m.	NOUN
eistud-34325	289	21	(	(	PUNCT
eistud-34325	289	22	1977	1977	NUM
eistud-34325	289	23	)	)	PUNCT
eistud-34325	289	24	.	.	PUNCT
eistud-34325	290	1	does	do	AUX
eistud-34325	290	2	the	the	DET
eistud-34325	290	3	u.s	u.s	PROPN
eistud-34325	290	4	.	.	PROPN
eistud-34325	290	5	saves	save	VERB
eistud-34325	290	6	too	too	ADV
eistud-34325	290	7	little	little	ADJ
eistud-34325	290	8	?	?	PUNCT
eistud-34325	291	1	american	american	ADJ
eistud-34325	291	2	economic	economic	PROPN
eistud-34325	291	3	review	review	PROPN
eistud-34325	291	4	,	,	PUNCT
eistud-34325	291	5	67:1	67:1	NUM
eistud-34325	291	6	,	,	PUNCT
eistud-34325	291	7	116	116	NUM
eistud-34325	291	8	-	-	SYM
eistud-34325	291	9	121	121	NUM
eistud-34325	291	10	.	.	PUNCT
eistud-34325	292	1	feldstein	feldstein	NOUN
eistud-34325	292	2	,	,	PUNCT
eistud-34325	292	3	m.	m.	NOUN
eistud-34325	292	4	&	&	CCONJ
eistud-34325	292	5	horioka	horioka	PROPN
eistud-34325	292	6	,	,	PUNCT
eistud-34325	292	7	c.	c.	PROPN
eistud-34325	292	8	(	(	PUNCT
eistud-34325	292	9	1980	1980	NUM
eistud-34325	292	10	)	)	PUNCT
eistud-34325	292	11	.	.	PUNCT
eistud-34325	293	1	domestic	domestic	ADJ
eistud-34325	293	2	saving	saving	NOUN
eistud-34325	293	3	and	and	CCONJ
eistud-34325	293	4	international	international	ADJ
eistud-34325	293	5	capital	capital	NOUN
eistud-34325	293	6	flows	flow	NOUN
eistud-34325	293	7	.	.	PUNCT
eistud-34325	294	1	economic	economic	ADJ
eistud-34325	294	2	journal	journal	NOUN
eistud-34325	294	3	,	,	PUNCT
eistud-34325	294	4	90	90	NUM
eistud-34325	294	5	,	,	PUNCT
eistud-34325	294	6	314	314	NUM
eistud-34325	294	7	-	-	SYM
eistud-34325	294	8	329	329	NUM
eistud-34325	294	9	.	.	PUNCT
eistud-34325	295	1	https://doi.org/10.2307/2231790	https://doi.org/10.2307/2231790	VERB
eistud-34325	295	2	feldstein	feldstein	NOUN
eistud-34325	295	3	,	,	PUNCT
eistud-34325	295	4	m.	m.	NOUN
eistud-34325	295	5	&	&	CCONJ
eistud-34325	295	6	summers	summers	PROPN
eistud-34325	295	7	,	,	PUNCT
eistud-34325	295	8	l.	l.	PROPN
eistud-34325	295	9	(	(	PUNCT
eistud-34325	295	10	1977	1977	NUM
eistud-34325	295	11	)	)	PUNCT
eistud-34325	295	12	.	.	PUNCT
eistud-34325	295	13	is	be	AUX
eistud-34325	295	14	the	the	DET
eistud-34325	295	15	rate	rate	NOUN
eistud-34325	295	16	of	of	ADP
eistud-34325	295	17	profit	profit	NOUN
eistud-34325	295	18	falling	fall	VERB
eistud-34325	295	19	?	?	PUNCT
eistud-34325	296	1	brookings	brookings	PROPN
eistud-34325	296	2	papers	paper	NOUN
eistud-34325	296	3	on	on	ADP
eistud-34325	296	4	economic	economic	ADJ
eistud-34325	296	5	activity	activity	NOUN
eistud-34325	296	6	,	,	PUNCT
eistud-34325	296	7	1	1	NUM
eistud-34325	296	8	.	.	X
eistud-34325	296	9	https://doi.org/10.2307/2534260	https://doi.org/10.2307/2534260	NOUN
eistud-34325	296	10	ford	ford	NOUN
eistud-34325	296	11	,	,	PUNCT
eistud-34325	296	12	n.	n.	PROPN
eistud-34325	296	13	&	&	CCONJ
eistud-34325	296	14	horioka	horioka	PROPN
eistud-34325	296	15	,	,	PUNCT
eistud-34325	296	16	c.	c.	PROPN
eistud-34325	296	17	y.	y.	PROPN
eistud-34325	296	18	(	(	PUNCT
eistud-34325	296	19	2017	2017	NUM
eistud-34325	296	20	)	)	PUNCT
eistud-34325	296	21	.	.	PUNCT
eistud-34325	297	1	the	the	DET
eistud-34325	297	2	‚	‚	NOUN
eistud-34325	297	3	real	real	ADJ
eistud-34325	297	4	‘	'	PUNCT
eistud-34325	297	5	explanation	explanation	NOUN
eistud-34325	297	6	of	of	ADP
eistud-34325	297	7	the	the	DET
eistud-34325	297	8	feldstein	feldstein	NOUN
eistud-34325	297	9	-	-	PUNCT
eistud-34325	297	10	horioka	horioka	NOUN
eistud-34325	297	11	puzzle	puzzle	NOUN
eistud-34325	297	12	.	.	PUNCT
eistud-34325	298	1	applied	apply	VERB
eistud-34325	298	2	economics	economic	NOUN
eistud-34325	298	3	letters	letter	NOUN
eistud-34325	298	4	,	,	PUNCT
eistud-34325	298	5	24	24	NUM
eistud-34325	298	6	,	,	PUNCT
eistud-34325	298	7	95	95	NUM
eistud-34325	298	8	-	-	SYM
eistud-34325	298	9	97	97	NUM
eistud-34325	298	10	.	.	PUNCT
eistud-34325	299	1	https://doi.org/10.1080/1350485	https://doi.org/10.1080/1350485	NOUN
eistud-34325	299	2	1.2016.1164814	1.2016.1164814	NUM
eistud-34325	299	3	ford	ford	NOUN
eistud-34325	299	4	,	,	PUNCT
eistud-34325	299	5	n.	n.	PROPN
eistud-34325	299	6	&	&	CCONJ
eistud-34325	299	7	horioka	horioka	PROPN
eistud-34325	299	8	,	,	PUNCT
eistud-34325	299	9	c.	c.	PROPN
eistud-34325	299	10	y.	y.	PROPN
eistud-34325	299	11	(	(	PUNCT
eistud-34325	299	12	2016	2016	NUM
eistud-34325	299	13	)	)	PUNCT
eistud-34325	299	14	.	.	PUNCT
eistud-34325	300	1	the	the	DET
eistud-34325	300	2	‚	‚	NOUN
eistud-34325	300	3	real	real	ADJ
eistud-34325	300	4	‘	'	PUNCT
eistud-34325	300	5	explanation	explanation	NOUN
eistud-34325	300	6	of	of	ADP
eistud-34325	300	7	the	the	DET
eistud-34325	300	8	ppp	ppp	NOUN
eistud-34325	300	9	puzzle	puzzle	NOUN
eistud-34325	300	10	.	.	PUNCT
eistud-34325	301	1	institute	institute	PROPN
eistud-34325	301	2	of	of	ADP
eistud-34325	301	3	social	social	ADJ
eistud-34325	301	4	and	and	CCONJ
eistud-34325	301	5	economic	economic	ADJ
eistud-34325	301	6	research	research	NOUN
eistud-34325	301	7	,	,	PUNCT
eistud-34325	301	8	discussion	discussion	NOUN
eistud-34325	301	9	paper	paper	NOUN
eistud-34325	301	10	no	no	DET
eistud-34325	301	11	969	969	NUM
eistud-34325	301	12	,	,	PUNCT
eistud-34325	301	13	osaka	osaka	PROPN
eistud-34325	301	14	university	university	PROPN
eistud-34325	301	15	,	,	PUNCT
eistud-34325	301	16	ibaraki	ibaraki	NOUN
eistud-34325	301	17	,	,	PUNCT
eistud-34325	301	18	osaka	osaka	PROPN
eistud-34325	301	19	,	,	PUNCT
eistud-34325	301	20	japan	japan	PROPN
eistud-34325	301	21	.	.	PUNCT
eistud-34325	302	1	https://doi.org/10.3386/	https://doi.org/10.3386/	PROPN
eistud-34325	302	2	w22198	w22198	PROPN
eistud-34325	302	3	ginama	ginama	NOUN
eistud-34325	302	4	,	,	PUNCT
eistud-34325	302	5	i.	i.	PROPN
eistud-34325	302	6	,	,	PUNCT
eistud-34325	302	7	hayakawa	hayakawa	PROPN
eistud-34325	302	8	,	,	PUNCT
eistud-34325	302	9	k.	k.	PROPN
eistud-34325	302	10	&	&	CCONJ
eistud-34325	302	11	kanmei	kanmei	PROPN
eistud-34325	302	12	,	,	PUNCT
eistud-34325	302	13	t.	t.	PROPN
eistud-34325	302	14	(	(	PUNCT
eistud-34325	302	15	2018	2018	NUM
eistud-34325	302	16	)	)	PUNCT
eistud-34325	302	17	.	.	PUNCT
eistud-34325	303	1	examining	examine	VERB
eistud-34325	303	2	the	the	DET
eistud-34325	303	3	feldstein	feldstein	NOUN
eistud-34325	303	4	-	-	PUNCT
eistud-34325	303	5	horioka	horioka	NOUN
eistud-34325	303	6	puzzle	puzzle	NOUN
eistud-34325	303	7	using	use	VERB
eistud-34325	303	8	common	common	ADJ
eistud-34325	303	9	factor	factor	NOUN
eistud-34325	303	10	panels	panel	NOUN
eistud-34325	303	11	and	and	CCONJ
eistud-34325	303	12	interval	interval	NOUN
eistud-34325	303	13	estimation	estimation	NOUN
eistud-34325	303	14	.	.	PUNCT
eistud-34325	304	1	japan	japan	PROPN
eistud-34325	304	2	and	and	CCONJ
eistud-34325	304	3	the	the	DET
eistud-34325	304	4	world	world	NOUN
eistud-34325	304	5	economy	economy	NOUN
eistud-34325	304	6	,	,	PUNCT
eistud-34325	304	7	48	48	NUM
eistud-34325	304	8	,	,	PUNCT
eistud-34325	304	9	11	11	NUM
eistud-34325	304	10	-	-	SYM
eistud-34325	304	11	21	21	NUM
eistud-34325	304	12	.	.	PUNCT
eistud-34325	305	1	https://doi.org/10.1016/j.japwor.2018.06.001	https://doi.org/10.1016/j.japwor.2018.06.001	NOUN
eistud-34325	305	2	ginama	ginama	NOUN
eistud-34325	305	3	,	,	PUNCT
eistud-34325	305	4	i.	i.	PROPN
eistud-34325	305	5	,	,	PUNCT
eistud-34325	305	6	hayakawa	hayakawa	PROPN
eistud-34325	305	7	,	,	PUNCT
eistud-34325	305	8	k.	k.	PROPN
eistud-34325	305	9	&	&	CCONJ
eistud-34325	305	10	kanmei	kanmei	PROPN
eistud-34325	305	11	,	,	PUNCT
eistud-34325	305	12	t.	t.	PROPN
eistud-34325	305	13	(	(	PUNCT
eistud-34325	305	14	2021	2021	NUM
eistud-34325	305	15	)	)	PUNCT
eistud-34325	305	16	.	.	PUNCT
eistud-34325	306	1	transition	transition	NOUN
eistud-34325	306	2	of	of	ADP
eistud-34325	306	3	the	the	DET
eistud-34325	306	4	feldstein	feldstein	NOUN
eistud-34325	306	5	-	-	PUNCT
eistud-34325	306	6	horioka	horioka	NOUN
eistud-34325	306	7	puzzle	puzzle	NOUN
eistud-34325	306	8	.	.	PUNCT
eistud-34325	307	1	journal	journal	PROPN
eistud-34325	307	2	of	of	ADP
eistud-34325	307	3	mathematical	mathematical	ADJ
eistud-34325	307	4	finance	finance	NOUN
eistud-34325	307	5	,	,	PUNCT
eistud-34325	307	6	11	11	NUM
eistud-34325	307	7	,	,	PUNCT
eistud-34325	307	8	123	123	NUM
eistud-34325	307	9	-	-	SYM
eistud-34325	307	10	151	151	NUM
eistud-34325	307	11	.	.	PUNCT
eistud-34325	308	1	https://doi	https://doi	NOUN
eistud-34325	308	2	.	.	PUNCT
eistud-34325	309	1	org/10.4236	org/10.4236	ADJ
eistud-34325	309	2	/	/	SYM
eistud-34325	309	3	jmf.2021.111006	jmf.2021.111006	X
eistud-34325	309	4	harberger	harberger	NOUN
eistud-34325	309	5	,	,	PUNCT
eistud-34325	309	6	a.	a.	NOUN
eistud-34325	309	7	(	(	PUNCT
eistud-34325	309	8	1962	1962	NUM
eistud-34325	309	9	)	)	PUNCT
eistud-34325	309	10	.	.	PUNCT
eistud-34325	310	1	the	the	DET
eistud-34325	310	2	incidence	incidence	NOUN
eistud-34325	310	3	of	of	ADP
eistud-34325	310	4	corporate	corporate	ADJ
eistud-34325	310	5	income	income	NOUN
eistud-34325	310	6	tax	tax	NOUN
eistud-34325	310	7	.	.	PUNCT
eistud-34325	311	1	journal	journal	NOUN
eistud-34325	311	2	of	of	ADP
eistud-34325	311	3	political	political	ADJ
eistud-34325	311	4	economy	economy	NOUN
eistud-34325	311	5	,	,	PUNCT
eistud-34325	311	6	70	70	NUM
eistud-34325	311	7	,	,	PUNCT
eistud-34325	311	8	215	215	NUM
eistud-34325	311	9	-	-	SYM
eistud-34325	311	10	240	240	NUM
eistud-34325	311	11	.	.	PUNCT
eistud-34325	312	1	https://doi.org/10.1086/258636	https://doi.org/10.1086/258636	PROPN
eistud-34325	312	2	katsimi	katsimi	PROPN
eistud-34325	312	3	,	,	PUNCT
eistud-34325	312	4	m.	m.	NOUN
eistud-34325	312	5	and	and	CCONJ
eistud-34325	312	6	zoega	zoega	PROPN
eistud-34325	312	7	,	,	PUNCT
eistud-34325	312	8	g.	g.	PROPN
eistud-34325	312	9	(	(	PUNCT
eistud-34325	312	10	2016	2016	NUM
eistud-34325	312	11	)	)	PUNCT
eistud-34325	312	12	european	european	ADJ
eistud-34325	312	13	integration	integration	NOUN
eistud-34325	312	14	and	and	CCONJ
eistud-34325	312	15	the	the	DET
eistud-34325	312	16	feldstein	feldstein	NOUN
eistud-34325	312	17	-	-	PUNCT
eistud-34325	312	18	horioka	horioka	NOUN
eistud-34325	312	19	puzzle	puzzle	NOUN
eistud-34325	312	20	.	.	PUNCT
eistud-34325	313	1	oxford	oxford	ADJ
eistud-34325	313	2	bulletin	bulletin	NOUN
eistud-34325	313	3	of	of	ADP
eistud-34325	313	4	economics	economic	NOUN
eistud-34325	313	5	and	and	CCONJ
eistud-34325	313	6	statistics	statistic	NOUN
eistud-34325	313	7	,	,	PUNCT
eistud-34325	313	8	78	78	NUM
eistud-34325	313	9	,	,	PUNCT
eistud-34325	313	10	834	834	NUM
eistud-34325	313	11	-	-	SYM
eistud-34325	313	12	852	852	NUM
eistud-34325	313	13	.	.	PUNCT
eistud-34325	314	1	https://	https://	PROPN
eistud-34325	314	2	doi.org/10.1111/obes.12130	doi.org/10.1111/obes.12130	PROPN
eistud-34325	314	3	miezkowski	miezkowski	PROPN
eistud-34325	314	4	,	,	PUNCT
eistud-34325	314	5	p.	p.	NOUN
eistud-34325	314	6	(	(	PUNCT
eistud-34325	314	7	1969	1969	NUM
eistud-34325	314	8	)	)	PUNCT
eistud-34325	314	9	.	.	PUNCT
eistud-34325	315	1	tax	tax	NOUN
eistud-34325	315	2	incidence	incidence	NOUN
eistud-34325	315	3	theory	theory	NOUN
eistud-34325	315	4	:	:	PUNCT
eistud-34325	315	5	the	the	DET
eistud-34325	315	6	effects	effect	NOUN
eistud-34325	315	7	of	of	ADP
eistud-34325	315	8	taxes	taxis	NOUN
eistud-34325	315	9	on	on	ADP
eistud-34325	315	10	income	income	NOUN
eistud-34325	315	11	distribution	distribution	NOUN
eistud-34325	315	12	.	.	PUNCT
eistud-34325	316	1	journal	journal	NOUN
eistud-34325	316	2	of	of	ADP
eistud-34325	316	3	economic	economic	ADJ
eistud-34325	316	4	literature	literature	NOUN
eistud-34325	316	5	,	,	PUNCT
eistud-34325	316	6	7:4	7:4	NUM
eistud-34325	316	7	,	,	PUNCT
eistud-34325	316	8	1103	1103	NUM
eistud-34325	316	9	-	-	SYM
eistud-34325	316	10	1124	1124	NUM
eistud-34325	316	11	.	.	PUNCT
eistud-34325	317	1	mishkin	mishkin	PROPN
eistud-34325	317	2	,	,	PUNCT
eistud-34325	317	3	f.	f.	PROPN
eistud-34325	317	4	s.	s.	PROPN
eistud-34325	317	5	(	(	PUNCT
eistud-34325	317	6	1984	1984	NUM
eistud-34325	317	7	)	)	PUNCT
eistud-34325	317	8	.	.	PUNCT
eistud-34325	317	9	are	be	AUX
eistud-34325	317	10	real	real	ADJ
eistud-34325	317	11	interest	interest	NOUN
eistud-34325	317	12	rates	rate	NOUN
eistud-34325	317	13	equal	equal	ADJ
eistud-34325	317	14	across	across	ADP
eistud-34325	317	15	countries	country	NOUN
eistud-34325	317	16	:	:	PUNCT
eistud-34325	317	17	an	an	DET
eistud-34325	317	18	empirical	empirical	ADJ
eistud-34325	317	19	investigation	investigation	NOUN
eistud-34325	317	20	of	of	ADP
eistud-34325	317	21	international	international	ADJ
eistud-34325	317	22	parity	parity	NOUN
eistud-34325	317	23	conditions	condition	NOUN
eistud-34325	317	24	.	.	PUNCT
eistud-34325	318	1	journal	journal	NOUN
eistud-34325	318	2	of	of	ADP
eistud-34325	318	3	finance	finance	NOUN
eistud-34325	318	4	,	,	PUNCT
eistud-34325	318	5	39	39	NUM
eistud-34325	318	6	:	:	SYM
eistud-34325	318	7	1345	1345	NUM
eistud-34325	318	8	-	-	SYM
eistud-34325	318	9	1357	1357	NUM
eistud-34325	318	10	.	.	PUNCT
eistud-34325	319	1	https://doi.org/10.1111/j.1540-6261.1984.tb04911.x	https://doi.org/10.1111/j.1540-6261.1984.tb04911.x	PROPN
eistud-34325	319	2	mlodkowski	mlodkowski	NOUN
eistud-34325	319	3	,	,	PUNCT
eistud-34325	319	4	p.	p.	NOUN
eistud-34325	319	5	(	(	PUNCT
eistud-34325	319	6	2013	2013	NUM
eistud-34325	319	7	)	)	PUNCT
eistud-34325	319	8	.	.	PUNCT
eistud-34325	320	1	european	european	ADJ
eistud-34325	320	2	integration	integration	NOUN
eistud-34325	320	3	,	,	PUNCT
eistud-34325	320	4	transaction	transaction	NOUN
eistud-34325	320	5	costs	cost	NOUN
eistud-34325	320	6	and	and	CCONJ
eistud-34325	320	7	the	the	DET
eistud-34325	320	8	efficiency	efficiency	NOUN
eistud-34325	320	9	of	of	ADP
eistud-34325	320	10	economic	economic	ADJ
eistud-34325	320	11	processes	process	NOUN
eistud-34325	320	12	.	.	PUNCT
eistud-34325	321	1	european	european	ADJ
eistud-34325	321	2	integration	integration	NOUN
eistud-34325	321	3	studies	study	NOUN
eistud-34325	321	4	:	:	PUNCT
eistud-34325	321	5	research	research	NOUN
eistud-34325	321	6	and	and	CCONJ
eistud-34325	321	7	topicalities	topicality	NOUN
eistud-34325	321	8	,	,	PUNCT
eistud-34325	321	9	7	7	NUM
eistud-34325	321	10	,	,	PUNCT
eistud-34325	321	11	102	102	NUM
eistud-34325	321	12	-	-	SYM
eistud-34325	321	13	109	109	NUM
eistud-34325	321	14	.	.	PUNCT
eistud-34325	322	1	https://doi.org/10.5755/j01	https://doi.org/10.5755/j01	PROPN
eistud-34325	322	2	.	.	PUNCT
eistud-34325	323	1	eis.0.7.4080	eis.0.7.4080	PROPN
eistud-34325	323	2	mlodkowski	mlodkowski	NOUN
eistud-34325	323	3	,	,	PUNCT
eistud-34325	323	4	p.	p.	PROPN
eistud-34325	323	5	&	&	CCONJ
eistud-34325	323	6	tastulekova	tastulekova	PROPN
eistud-34325	323	7	,	,	PUNCT
eistud-34325	323	8	a.	a.	NOUN
eistud-34325	323	9	(	(	PUNCT
eistud-34325	323	10	2012	2012	NUM
eistud-34325	323	11	)	)	PUNCT
eistud-34325	323	12	.	.	PUNCT
eistud-34325	324	1	performance	performance	NOUN
eistud-34325	324	2	of	of	ADP
eistud-34325	324	3	capital	capital	NOUN
eistud-34325	324	4	markets	market	NOUN
eistud-34325	324	5	in	in	ADP
eistud-34325	324	6	the	the	DET
eistud-34325	324	7	eu	eu	PROPN
eistud-34325	324	8	and	and	CCONJ
eistud-34325	324	9	turkey	turkey	PROPN
eistud-34325	324	10	.	.	PUNCT
eistud-34325	325	1	a	a	DET
eistud-34325	325	2	cointegration	cointegration	NOUN
eistud-34325	325	3	analysis	analysis	NOUN
eistud-34325	325	4	.	.	PUNCT
eistud-34325	326	1	european	european	ADJ
eistud-34325	326	2	integration	integration	NOUN
eistud-34325	326	3	studies	study	NOUN
eistud-34325	326	4	:	:	PUNCT
eistud-34325	326	5	research	research	NOUN
eistud-34325	326	6	and	and	CCONJ
eistud-34325	326	7	topicalities	topicality	NOUN
eistud-34325	326	8	,	,	PUNCT
eistud-34325	326	9	6	6	NUM
eistud-34325	326	10	,	,	PUNCT
eistud-34325	326	11	160	160	NUM
eistud-34325	326	12	-	-	SYM
eistud-34325	326	13	167	167	NUM
eistud-34325	326	14	.	.	PUNCT
eistud-34325	327	1	https://	https://	PROPN
eistud-34325	327	2	doi.org/10.5755/j01.eis.0.6.1517	doi.org/10.5755/j01.eis.0.6.1517	PROPN
eistud-34325	327	3	mlodkowski	mlodkowski	NOUN
eistud-34325	327	4	,	,	PUNCT
eistud-34325	327	5	p.	p.	NOUN
eistud-34325	327	6	(	(	PUNCT
eistud-34325	327	7	2011	2011	NUM
eistud-34325	327	8	)	)	PUNCT
eistud-34325	327	9	.	.	PUNCT
eistud-34325	328	1	foreign	foreign	ADJ
eistud-34325	328	2	exchange	exchange	PROPN
eistud-34325	328	3	reserve	reserve	NOUN
eistud-34325	328	4	management	management	NOUN
eistud-34325	328	5	in	in	ADP
eistud-34325	328	6	the	the	DET
eistud-34325	328	7	eurozone	eurozone	NOUN
eistud-34325	328	8	and	and	CCONJ
eistud-34325	328	9	the	the	DET
eistud-34325	328	10	global	global	ADJ
eistud-34325	328	11	interest	interest	NOUN
eistud-34325	328	12	rates	rate	NOUN
eistud-34325	328	13	.	.	PUNCT
eistud-34325	329	1	european	european	ADJ
eistud-34325	329	2	integration	integration	NOUN
eistud-34325	329	3	studies	study	NOUN
eistud-34325	329	4	:	:	PUNCT
eistud-34325	329	5	research	research	NOUN
eistud-34325	329	6	and	and	CCONJ
eistud-34325	329	7	topicalities	topicality	NOUN
eistud-34325	329	8	,	,	PUNCT
eistud-34325	329	9	5	5	NUM
eistud-34325	329	10	,	,	PUNCT
eistud-34325	329	11	145	145	NUM
eistud-34325	329	12	-	-	SYM
eistud-34325	329	13	151	151	NUM
eistud-34325	329	14	.	.	PUNCT
eistud-34325	330	1	https://doi.org/10.5755/	https://doi.org/10.5755/	PROPN
eistud-34325	330	2	j01.eis.0.5.1090	j01.eis.0.5.1090	PROPN
eistud-34325	330	3	obstfeld	obstfeld	NOUN
eistud-34325	330	4	,	,	PUNCT
eistud-34325	330	5	m.	m.	NOUN
eistud-34325	330	6	&	&	CCONJ
eistud-34325	330	7	rogoff	rogoff	PROPN
eistud-34325	330	8	k.	k.	PROPN
eistud-34325	330	9	(	(	PUNCT
eistud-34325	330	10	2000	2000	NUM
eistud-34325	330	11	)	)	PUNCT
eistud-34325	330	12	.	.	PUNCT
eistud-34325	331	1	the	the	DET
eistud-34325	331	2	six	six	NUM
eistud-34325	331	3	major	major	ADJ
eistud-34325	331	4	puzzles	puzzle	NOUN
eistud-34325	331	5	in	in	ADP
eistud-34325	331	6	macroeconomics	macroeconomic	NOUN
eistud-34325	331	7	:	:	PUNCT
eistud-34325	331	8	is	be	AUX
eistud-34325	331	9	there	there	PRON
eistud-34325	331	10	a	a	DET
eistud-34325	331	11	common	common	ADJ
eistud-34325	331	12	cause	cause	NOUN
eistud-34325	331	13	?	?	PUNCT
eistud-34325	331	14	“	"	PUNCT
eistud-34325	331	15	in	in	ADP
eistud-34325	331	16	b.	b.	PROPN
eistud-34325	331	17	s.	s.	PROPN
eistud-34325	331	18	bernanke	bernanke	PROPN
eistud-34325	331	19	and	and	CCONJ
eistud-34325	331	20	k.	k.	PROPN
eistud-34325	331	21	rogoff	rogoff	PROPN
eistud-34325	331	22	(	(	PUNCT
eistud-34325	331	23	eds	ed	NOUN
eistud-34325	331	24	)	)	PUNCT
eistud-34325	331	25	,	,	PUNCT
eistud-34325	331	26	nber	nber	PROPN
eistud-34325	331	27	macroeconomics	macroeconomic	NOUN
eistud-34325	331	28	annual	annual	ADJ
eistud-34325	331	29	2000	2000	NUM
eistud-34325	331	30	,	,	PUNCT
eistud-34325	331	31	15	15	NUM
eistud-34325	331	32	:	:	SYM
eistud-34325	331	33	339	339	NUM
eistud-34325	331	34	-	-	SYM
eistud-34325	331	35	412	412	NUM
eistud-34325	331	36	.	.	PUNCT
eistud-34325	332	1	https://doi	https://doi	PROPN
eistud-34325	332	2	.	.	PUNCT
eistud-34325	332	3	org/10.1086/654423	org/10.1086/654423	X
eistud-34325	332	4	shoven	shoven	PROPN
eistud-34325	332	5	,	,	PUNCT
eistud-34325	332	6	j.	j.	PROPN
eistud-34325	332	7	&	&	CCONJ
eistud-34325	332	8	whalley	whalley	PROPN
eistud-34325	332	9	,	,	PUNCT
eistud-34325	332	10	j.	j.	PROPN
eistud-34325	332	11	(	(	PUNCT
eistud-34325	332	12	1972	1972	NUM
eistud-34325	332	13	)	)	PUNCT
eistud-34325	332	14	.	.	PUNCT
eistud-34325	333	1	a	a	DET
eistud-34325	333	2	general	general	ADJ
eistud-34325	333	3	equilibrium	equilibrium	NOUN
eistud-34325	333	4	calculation	calculation	NOUN
eistud-34325	333	5	of	of	ADP
eistud-34325	333	6	the	the	DET
eistud-34325	333	7	effects	effect	NOUN
eistud-34325	333	8	of	of	ADP
eistud-34325	333	9	differential	differential	ADJ
eistud-34325	333	10	references	reference	NOUN
eistud-34325	333	11	https://doi.org/10.1016/j.rie.2009.05.001	https://doi.org/10.1016/j.rie.2009.05.001	PROPN
eistud-34325	333	12	https://doi.org/10.1111/j.1538-4616.2009.00244.x	https://doi.org/10.1111/j.1538-4616.2009.00244.x	PROPN
eistud-34325	333	13	https://doi.org/10.1111/j.1538-4616.2009.00244.x	https://doi.org/10.1111/j.1538-4616.2009.00244.x	PROPN
eistud-34325	333	14	https://doi.org/10.1007/bf03405737	https://doi.org/10.1007/bf03405737	X
eistud-34325	333	15	https://doi.org/10.5755/j01.eis.0.8.7014	https://doi.org/10.5755/j01.eis.0.8.7014	NUM
eistud-34325	333	16	https://doi.org/10.5755/j01.eis.0.8.7014	https://doi.org/10.5755/j01.eis.0.8.7014	NOUN
eistud-34325	333	17	https://doi.org/10.1080/00036846.2018.1436150	https://doi.org/10.1080/00036846.2018.1436150	NOUN
eistud-34325	334	1	https://doi.org/10.3386/w21774	https://doi.org/10.3386/w21774	NUM
eistud-34325	334	2	https://doi.org/10.2307/2231790	https://doi.org/10.2307/2231790	VERB
eistud-34325	334	3	https://doi.org/10.2307/2534260	https://doi.org/10.2307/2534260	VERB
eistud-34325	334	4	https://doi.org/10.1080/13504851.2016.1164814	https://doi.org/10.1080/13504851.2016.1164814	PROPN
eistud-34325	335	1	https://doi.org/10.1080/13504851.2016.1164814	https://doi.org/10.1080/13504851.2016.1164814	PROPN
eistud-34325	336	1	https://doi.org/10.3386/w22198	https://doi.org/10.3386/w22198	ADJ
eistud-34325	336	2	https://doi.org/10.3386/w22198	https://doi.org/10.3386/w22198	NUM
eistud-34325	336	3	https://doi.org/10.1016/j.japwor.2018.06.001	https://doi.org/10.1016/j.japwor.2018.06.001	NOUN
eistud-34325	336	4	https://doi.org/10.1016/j.japwor.2018.06.001	https://doi.org/10.1016/j.japwor.2018.06.001	NOUN
eistud-34325	336	5	https://doi.org/10.4236/jmf.2021.111006	https://doi.org/10.4236/jmf.2021.111006	PROPN
eistud-34325	336	6	https://doi.org/10.4236/jmf.2021.111006	https://doi.org/10.4236/jmf.2021.111006	PROPN
eistud-34325	336	7	https://doi.org/10.1086/258636	https://doi.org/10.1086/258636	NUM
eistud-34325	336	8	https://doi.org/10.1111/obes.12130	https://doi.org/10.1111/obes.12130	ADJ
eistud-34325	336	9	https://doi.org/10.1111/obes.12130	https://doi.org/10.1111/obes.12130	NOUN
eistud-34325	336	10	https://doi.org/10.1111/j.1540-6261.1984.tb04911.x	https://doi.org/10.1111/j.1540-6261.1984.tb04911.x	PROPN
eistud-34325	337	1	https://doi.org/10.5755/j01.eis.0.7.4080	https://doi.org/10.5755/j01.eis.0.7.4080	NOUN
eistud-34325	338	1	https://doi.org/10.5755/j01.eis.0.7.4080	https://doi.org/10.5755/j01.eis.0.7.4080	NOUN
eistud-34325	338	2	https://doi.org/10.5755/j01.eis.0.6.1517	https://doi.org/10.5755/j01.eis.0.6.1517	PROPN
eistud-34325	338	3	https://doi.org/10.5755/j01.eis.0.6.1517	https://doi.org/10.5755/j01.eis.0.6.1517	PROPN
eistud-34325	338	4	https://doi.org/10.5755/j01.eis.0.5.1090	https://doi.org/10.5755/j01.eis.0.5.1090	NUM
eistud-34325	338	5	https://doi.org/10.5755/j01.eis.0.5.1090	https://doi.org/10.5755/j01.eis.0.5.1090	NUM
eistud-34325	338	6	https://doi.org/10.1086/654423	https://doi.org/10.1086/654423	NOUN
eistud-34325	338	7	https://doi.org/10.1086/654423	https://doi.org/10.1086/654423	ADV
eistud-34325	338	8	121	121	NUM
eistud-34325	338	9	european	european	ADJ
eistud-34325	338	10	integrat	integrat	NOUN
eistud-34325	338	11	ion	ion	NOUN
eistud-34325	338	12	studies	study	NOUN
eistud-34325	338	13	2023/17	2023/17	NUM
eistud-34325	338	14	taxation	taxation	NOUN
eistud-34325	338	15	of	of	ADP
eistud-34325	338	16	income	income	NOUN
eistud-34325	338	17	from	from	ADP
eistud-34325	338	18	capital	capital	NOUN
eistud-34325	338	19	in	in	ADP
eistud-34325	338	20	the	the	DET
eistud-34325	338	21	u.s	u.s	PROPN
eistud-34325	338	22	.	.	PROPN
eistud-34325	338	23	journal	journal	PROPN
eistud-34325	338	24	of	of	ADP
eistud-34325	338	25	public	public	ADJ
eistud-34325	338	26	economics	economic	NOUN
eistud-34325	338	27	,	,	PUNCT
eistud-34325	338	28	1	1	NUM
eistud-34325	338	29	,	,	PUNCT
eistud-34325	338	30	281	281	NUM
eistud-34325	338	31	-	-	SYM
eistud-34325	338	32	321	321	NUM
eistud-34325	338	33	.	.	PUNCT
eistud-34325	339	1	https://doi	https://doi	PROPN
eistud-34325	339	2	.	.	PUNCT
eistud-34325	339	3	org/10.1016/0047	org/10.1016/0047	PROPN
eistud-34325	339	4	-	-	PUNCT
eistud-34325	339	5	2727(72)90009	2727(72)90009	NUM
eistud-34325	339	6	-	-	SYM
eistud-34325	339	7	6	6	NUM
eistud-34325	339	8	yasutomi	yasutomi	NOUN
eistud-34325	339	9	,	,	PUNCT
eistud-34325	339	10	a.	a.	PROPN
eistud-34325	339	11	&	&	CCONJ
eistud-34325	339	12	horioka	horioka	PROPN
eistud-34325	339	13	,	,	PUNCT
eistud-34325	339	14	c.y	c.y	PROPN
eistud-34325	339	15	.	.	PROPN
eistud-34325	339	16	(	(	PUNCT
eistud-34325	339	17	2011	2011	NUM
eistud-34325	339	18	)	)	PUNCT
eistud-34325	339	19	.	.	PUNCT
eistud-34325	340	1	adam	adam	PROPN
eistud-34325	340	2	smith‘s	smith‘s	PROPN
eistud-34325	340	3	answer	answer	VERB
eistud-34325	340	4	to	to	ADP
eistud-34325	340	5	the	the	DET
eistud-34325	340	6	feldstein	feldstein	NOUN
eistud-34325	340	7	-	-	PUNCT
eistud-34325	340	8	horioka	horioka	NOUN
eistud-34325	340	9	paradox	paradox	NOUN
eistud-34325	340	10	:	:	PUNCT
eistud-34325	340	11	the	the	DET
eistud-34325	340	12	invisible	invisible	ADJ
eistud-34325	340	13	hand	hand	NOUN
eistud-34325	340	14	revisited	revisit	VERB
eistud-34325	340	15	.	.	PUNCT
eistud-34325	341	1	economics	economic	NOUN
eistud-34325	341	2	letters	letter	NOUN
eistud-34325	341	3	,	,	PUNCT
eistud-34325	341	4	110	110	NUM
eistud-34325	341	5	,	,	PUNCT
eistud-34325	341	6	36	36	NUM
eistud-34325	341	7	-	-	SYM
eistud-34325	341	8	37	37	NUM
eistud-34325	341	9	.	.	PUNCT
eistud-34325	342	1	https://doi.org/10.1016/j.econlet.20	https://doi.org/10.1016/j.econlet.20	PROPN
eistud-34325	342	2	10.09.018	10.09.018	PROPN
eistud-34325	342	3	younas	youna	NOUN
eistud-34325	342	4	,	,	PUNCT
eistud-34325	342	5	j.	j.	PROPN
eistud-34325	342	6	&	&	CCONJ
eistud-34325	342	7	chakraborty	chakraborty	PROPN
eistud-34325	342	8	,	,	PUNCT
eistud-34325	342	9	d.	d.	PROPN
eistud-34325	342	10	(	(	PUNCT
eistud-34325	342	11	2011	2011	NUM
eistud-34325	342	12	)	)	PUNCT
eistud-34325	342	13	.	.	PUNCT
eistud-34325	343	1	globalization	globalization	NOUN
eistud-34325	343	2	and	and	CCONJ
eistud-34325	343	3	the	the	DET
eistud-34325	343	4	feldstein	feldstein	NOUN
eistud-34325	343	5	-	-	PUNCT
eistud-34325	343	6	horioka	horioka	NOUN
eistud-34325	343	7	puzzle	puzzle	NOUN
eistud-34325	343	8	.	.	PUNCT
eistud-34325	344	1	applied	apply	VERB
eistud-34325	344	2	economics	economic	NOUN
eistud-34325	344	3	,	,	PUNCT
eistud-34325	344	4	43	43	NUM
eistud-34325	344	5	,	,	PUNCT
eistud-34325	344	6	2089	2089	NUM
eistud-34325	344	7	-	-	SYM
eistud-34325	344	8	2096	2096	NUM
eistud-34325	344	9	.	.	PUNCT
eistud-34325	345	1	https://doi	https://doi	X
eistud-34325	345	2	.	.	NOUN
eistud-34325	346	1	org/10.1080/00036840903035985	org/10.1080/00036840903035985	X
eistud-34325	346	2	appendixcountries	appendixcountrie	NOUN
eistud-34325	346	3	gross	gross	ADJ
eistud-34325	346	4	domestic	domestic	ADJ
eistud-34325	346	5	savings	saving	NOUN
eistud-34325	346	6	(	(	PUNCT
eistud-34325	346	7	%	%	NOUN
eistud-34325	346	8	of	of	ADP
eistud-34325	346	9	gdp	gdp	NOUN
eistud-34325	346	10	)	)	PUNCT
eistud-34325	346	11	gross	gross	ADJ
eistud-34325	346	12	capital	capital	NOUN
eistud-34325	346	13	formation	formation	NOUN
eistud-34325	346	14	(	(	PUNCT
eistud-34325	346	15	%	%	NOUN
eistud-34325	346	16	of	of	ADP
eistud-34325	346	17	gdp	gdp	PROPN
eistud-34325	346	18	)	)	PUNCT
eistud-34325	346	19	|s	|s	PROPN
eistud-34325	346	20	-	-	PUNCT
eistud-34325	346	21	i|/gdp	i|/gdp	NOUN
eistud-34325	346	22	s	s	PROPN
eistud-34325	346	23	-	-	PUNCT
eistud-34325	346	24	i	i	PROPN
eistud-34325	346	25	/	/	SYM
eistud-34325	346	26	s	s	PART
eistud-34325	346	27	australia	australia	NOUN
eistud-34325	346	28	0.258	0.258	NUM
eistud-34325	346	29	0.256	0.256	NUM
eistud-34325	346	30	0.013	0.013	NUM
eistud-34325	346	31	0.005	0.005	NUM
eistud-34325	346	32	austria	austria	NOUN
eistud-34325	346	33	0.275	0.275	NUM
eistud-34325	346	34	0.244	0.244	NUM
eistud-34325	346	35	0.032	0.032	NUM
eistud-34325	346	36	0.115	0.115	NUM
eistud-34325	346	37	belgium	belgium	NOUN
eistud-34325	346	38	0.248	0.248	NUM
eistud-34325	346	39	0.240	0.240	NUM
eistud-34325	346	40	0.009	0.009	NUM
eistud-34325	346	41	0.032	0.032	NUM
eistud-34325	346	42	canada	canada	PROPN
eistud-34325	346	43	0.219	0.219	NUM
eistud-34325	346	44	0.237	0.237	NUM
eistud-34325	346	45	0.018	0.018	NUM
eistud-34325	346	46	-0.085	-0.085	PUNCT
eistud-34325	346	47	denmark	denmark	NOUN
eistud-34325	346	48	0.275	0.275	NUM
eistud-34325	346	49	0.208	0.208	NUM
eistud-34325	346	50	0.067	0.067	NUM
eistud-34325	346	51	0.244	0.244	NUM
eistud-34325	346	52	finland	finland	NOUN
eistud-34325	346	53	0.228	0.228	NUM
eistud-34325	346	54	0.233	0.233	NUM
eistud-34325	346	55	0.008	0.008	NUM
eistud-34325	346	56	-0.022	-0.022	PROPN
eistud-34325	346	57	france	france	PROPN
eistud-34325	346	58	0.219	0.219	NUM
eistud-34325	346	59	0.231	0.231	NUM
eistud-34325	346	60	0.012	0.012	NUM
eistud-34325	346	61	-0.054	-0.054	PUNCT
eistud-34325	346	62	germany	germany	PROPN
eistud-34325	346	63	0.269	0.269	NUM
eistud-34325	346	64	0.207	0.207	NUM
eistud-34325	346	65	0.062	0.062	NUM
eistud-34325	346	66	0.230	0.230	NUM
eistud-34325	346	67	greece	greece	PROPN
eistud-34325	346	68	0.098	0.098	NUM
eistud-34325	346	69	0.132	0.132	NUM
eistud-34325	346	70	0.034	0.034	NUM
eistud-34325	346	71	-0.383	-0.383	PUNCT
eistud-34325	346	72	ireland	ireland	NOUN
eistud-34325	346	73	0.479	0.479	NUM
eistud-34325	346	74	0.289	0.289	NUM
eistud-34325	346	75	0.190	0.190	NUM
eistud-34325	346	76	0.412	0.412	NUM
eistud-34325	346	77	italy	italy	PROPN
eistud-34325	346	78	0.201	0.201	NUM
eistud-34325	346	79	0.182	0.182	NUM
eistud-34325	346	80	0.026	0.026	NUM
eistud-34325	346	81	0.095	0.095	NUM
eistud-34325	346	82	japan	japan	PROPN
eistud-34325	346	83	0.242	0.242	NUM
eistud-34325	346	84	0.247	0.247	NUM
eistud-34325	346	85	0.010	0.010	NUM
eistud-34325	346	86	-0.021	-0.021	NOUN
eistud-34325	346	87	luxembourg	luxembourg	PROPN
eistud-34325	346	88	0.504	0.504	NUM
eistud-34325	346	89	0.184	0.184	NUM
eistud-34325	346	90	0.320	0.320	NUM
eistud-34325	346	91	0.634	0.634	NUM
eistud-34325	346	92	netherlands	netherlands	PROPN
eistud-34325	346	93	0.301	0.301	NUM
eistud-34325	346	94	0.203	0.203	NUM
eistud-34325	346	95	0.097	0.097	NUM
eistud-34325	346	96	0.323	0.323	NUM
eistud-34325	346	97	new	new	ADJ
eistud-34325	346	98	zealand	zealand	PROPN
eistud-34325	346	99	0.233	0.233	NUM
eistud-34325	346	100	0.225	0.225	NUM
eistud-34325	346	101	0.010	0.010	NUM
eistud-34325	346	102	0.033	0.033	NUM
eistud-34325	346	103	norway	norway	PROPN
eistud-34325	346	104	0.346	0.346	NUM
eistud-34325	346	105	0.277	0.277	NUM
eistud-34325	346	106	0.070	0.070	NUM
eistud-34325	346	107	0.187	0.187	NUM
eistud-34325	346	108	spain	spain	NOUN
eistud-34325	346	109	0.220	0.220	NUM
eistud-34325	346	110	0.196	0.196	NUM
eistud-34325	346	111	0.026	0.026	NUM
eistud-34325	346	112	0.107	0.107	NUM
eistud-34325	346	113	sweden	sweden	NOUN
eistud-34325	346	114	0.281	0.281	NUM
eistud-34325	346	115	0.242	0.242	NUM
eistud-34325	346	116	0.039	0.039	NUM
eistud-34325	346	117	0.139	0.139	NUM
eistud-34325	346	118	switzerland	switzerland	NOUN
eistud-34325	346	119	0.365	0.365	NUM
eistud-34325	346	120	0.256	0.256	NUM
eistud-34325	346	121	0.110	0.110	NUM
eistud-34325	346	122	0.300	0.300	NUM
eistud-34325	346	123	united	united	ADJ
eistud-34325	346	124	kingdom	kingdom	NOUN
eistud-34325	346	125	0.159	0.159	NUM
eistud-34325	346	126	0.171	0.171	NUM
eistud-34325	346	127	0.013	0.013	NUM
eistud-34325	346	128	-0.080	-0.080	PUNCT
eistud-34325	346	129	united	united	PROPN
eistud-34325	346	130	states	states	PROPN
eistud-34325	346	131	0.174	0.174	NUM
eistud-34325	346	132	0.205	0.205	NUM
eistud-34325	346	133	0.031	0.031	NUM
eistud-34325	346	134	-0.180	-0.180	NUM
eistud-34325	346	135	mean	mean	VERB
eistud-34325	346	136	0.271	0.271	NUM
eistud-34325	346	137	0.223	0.223	NUM
eistud-34325	346	138	0.058	0.058	NUM
eistud-34325	346	139	0.111	0.111	NUM
eistud-34325	346	140	s.d	s.d	PROPN
eistud-34325	346	141	.	.	PROPN
eistud-34325	346	142	0.096	0.096	NUM
eistud-34325	346	143	0.038	0.038	NUM
eistud-34325	346	144	0.077	0.077	NUM
eistud-34325	346	145	0.216	0.216	NUM
eistud-34325	346	146	source	source	NOUN
eistud-34325	346	147	:	:	PUNCT
eistud-34325	346	148	author	author	NOUN
eistud-34325	346	149	table	table	NOUN
eistud-34325	346	150	a1	a1	NOUN
eistud-34325	346	151	mean	mean	NOUN
eistud-34325	346	152	gross	gross	ADJ
eistud-34325	346	153	domestic	domestic	ADJ
eistud-34325	346	154	saving	saving	NOUN
eistud-34325	346	155	and	and	CCONJ
eistud-34325	346	156	investment	investment	NOUN
eistud-34325	346	157	ratios	ratio	NOUN
eistud-34325	346	158	for	for	ADP
eistud-34325	346	159	selected	select	VERB
eistud-34325	346	160	oecd	oecd	PROPN
eistud-34325	346	161	countries	country	NOUN
eistud-34325	346	162	201020	201020	NUM
eistud-34325	346	163	(	(	PUNCT
eistud-34325	346	164	feldstein	feldstein	NOUN
eistud-34325	346	165	-	-	PUNCT
eistud-34325	346	166	horioka	horioka	NOUN
eistud-34325	346	167	1980	1980	NUM
eistud-34325	346	168	set	set	NOUN
eistud-34325	346	169	)	)	PUNCT
eistud-34325	346	170	https://doi.org/10.1016/0047-2727(72)90009-6	https://doi.org/10.1016/0047-2727(72)90009-6	PROPN
eistud-34325	346	171	https://doi.org/10.1016/0047-2727(72)90009-6	https://doi.org/10.1016/0047-2727(72)90009-6	PROPN
eistud-34325	346	172	https://doi.org/10.1016/j.econlet.2010.09.018	https://doi.org/10.1016/j.econlet.2010.09.018	VERB
eistud-34325	346	173	https://doi.org/10.1016/j.econlet.2010.09.018	https://doi.org/10.1016/j.econlet.2010.09.018	NOUN
eistud-34325	346	174	https://doi.org/10.1080/00036840903035985	https://doi.org/10.1080/00036840903035985	VERB
eistud-34325	346	175	https://doi.org/10.1080/00036840903035985	https://doi.org/10.1080/00036840903035985	ADJ
eistud-34325	346	176	european	european	ADJ
eistud-34325	346	177	integrat	integrat	NOUN
eistud-34325	346	178	ion	ion	NOUN
eistud-34325	346	179	studies2023/17	studies2023/17	NOUN
eistud-34325	346	180	122	122	NUM
eistud-34325	346	181	country	country	NOUN
eistud-34325	346	182	constant	constant	ADJ
eistud-34325	346	183	t	t	PROPN
eistud-34325	346	184	-	-	PUNCT
eistud-34325	346	185	statistic	statistic	NOUN
eistud-34325	346	186	β	β	PROPN
eistud-34325	346	187	t	t	PROPN
eistud-34325	346	188	-	-	PUNCT
eistud-34325	346	189	statistic	statistic	NOUN
eistud-34325	346	190	r	r	NOUN
eistud-34325	346	191	-	-	PUNCT
eistud-34325	346	192	squared	square	VERB
eistud-34325	346	193	f	f	NOUN
eistud-34325	346	194	-	-	PUNCT
eistud-34325	346	195	statistic	statistic	ADJ
eistud-34325	346	196	p	p	NOUN
eistud-34325	346	197	-	-	PUNCT
eistud-34325	346	198	statistic	statistic	NOUN
eistud-34325	346	199	australia	australia	NOUN
eistud-34325	346	200	0.1218	0.1218	NUM
eistud-34325	346	201	1.105	1.105	NUM
eistud-34325	346	202	0.5205	0.5205	NUM
eistud-34325	346	203	1.217	1.217	NUM
eistud-34325	346	204	0.141	0.141	NUM
eistud-34325	346	205	1.482	1.482	NUM
eistud-34325	346	206	0.25	0.25	NUM
eistud-34325	346	207	austria	austria	NOUN
eistud-34325	346	208	0.0016	0.0016	NUM
eistud-34325	346	209	0.043	0.043	NUM
eistud-34325	346	210	0.8793	0.8793	NUM
eistud-34325	346	211	6.492	6.492	NUM
eistud-34325	346	212	0.824	0.824	NUM
eistud-34325	346	213	42.15	42.15	NUM
eistud-34325	346	214	0.00011	0.00011	NUM
eistud-34325	346	215	belgium	belgium	NOUN
eistud-34325	346	216	0.0549	0.0549	NUM
eistud-34325	346	217	0.886	0.886	NUM
eistud-34325	346	218	0.7464	0.7464	NUM
eistud-34325	346	219	2.988	2.988	NUM
eistud-34325	346	220	0.498	0.498	NUM
eistud-34325	346	221	8.927	8.927	NUM
eistud-34325	346	222	0.015	0.015	NUM
eistud-34325	346	223	bulgaria	bulgaria	PROPN
eistud-34325	346	224	0.2853	0.2853	NUM
eistud-34325	346	225	8.237	8.237	NUM
eistud-34325	346	226	-0.3536	-0.3536	NOUN
eistud-34325	346	227	-2.235	-2.235	NUM
eistud-34325	346	228	0.357	0.357	NUM
eistud-34325	346	229	4.996	4.996	NUM
eistud-34325	346	230	0.052	0.052	NUM
eistud-34325	346	231	canada	canada	PROPN
eistud-34325	346	232	0.0817	0.0817	NUM
eistud-34325	346	233	4.494	4.494	NUM
eistud-34325	346	234	0.71	0.71	NUM
eistud-34325	346	235	8.547	8.547	NUM
eistud-34325	346	236	0.890	0.890	NUM
eistud-34325	346	237	73.05	73.05	NUM
eistud-34325	346	238	0.00001	0.00001	NUM
eistud-34325	346	239	chile	chile	PROPN
eistud-34325	346	240	0.1585	0.1585	NUM
eistud-34325	346	241	2.733	2.733	NUM
eistud-34325	346	242	0.2986	0.2986	NUM
eistud-34325	346	243	1.275	1.275	NUM
eistud-34325	346	244	0.153	0.153	NUM
eistud-34325	346	245	1.625	1.625	NUM
eistud-34325	346	246	0.23	0.23	NUM
eistud-34325	346	247	colombia	colombia	PROPN
eistud-34325	346	248	0.1708	0.1708	NUM
eistud-34325	347	1	7.256	7.256	NUM
eistud-34325	347	2	0.2808	0.2808	NUM
eistud-34325	347	3	2.168	2.168	NUM
eistud-34325	347	4	0.343	0.343	NUM
eistud-34325	347	5	4.702	4.702	NUM
eistud-34325	347	6	0.058	0.058	NUM
eistud-34325	347	7	costa	costa	PROPN
eistud-34325	347	8	rica	rica	NOUN
eistud-34325	347	9	0.3101	0.3101	NUM
eistud-34325	347	10	6.053	6.053	NUM
eistud-34325	347	11	-0.6909	-0.6909	NOUN
eistud-34325	347	12	-2.401	-2.401	PUNCT
eistud-34325	347	13	0.390	0.390	NUM
eistud-34325	347	14	5.764	5.764	NUM
eistud-34325	347	15	0.040	0.040	NUM
eistud-34325	347	16	croatia	croatia	NOUN
eistud-34325	347	17	0.1327	0.1327	NUM
eistud-34325	347	18	2.887	2.887	NUM
eistud-34325	347	19	0.3874	0.3874	NUM
eistud-34325	347	20	1.669	1.669	NUM
eistud-34325	347	21	0.236	0.236	NUM
eistud-34325	347	22	2.786	2.786	NUM
eistud-34325	347	23	0.13	0.13	NUM
eistud-34325	347	24	cyprus	cyprus	PROPN
eistud-34325	347	25	0.071	0.071	NUM
eistud-34325	347	26	1.048	1.048	NUM
eistud-34325	347	27	0.6294	0.6294	NUM
eistud-34325	347	28	1.598	1.598	NUM
eistud-34325	347	29	0.221	0.221	NUM
eistud-34325	347	30	2.553	2.553	NUM
eistud-34325	347	31	0.15	0.15	NUM
eistud-34325	347	32	czechia	czechia	NOUN
eistud-34325	347	33	0.2122	0.2122	NUM
eistud-34325	347	34	3.118	3.118	NUM
eistud-34325	347	35	0.1673	0.1673	NUM
eistud-34325	347	36	0.798	0.798	NUM
eistud-34325	347	37	0.066	0.066	NUM
eistud-34325	347	38	0.6363	0.6363	NUM
eistud-34325	347	39	0.45	0.45	NUM
eistud-34325	347	40	denmark	denmark	NOUN
eistud-34325	347	41	-0.0447	-0.0447	NOUN
eistud-34325	347	42	-2.051	-2.051	PUNCT
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eistud-34325	348	1	11.6	11.6	NUM
eistud-34325	348	2	0.937	0.937	NUM
eistud-34325	348	3	134.6	134.6	NUM
eistud-34325	348	4	1.0e-06	1.0e-06	NUM
eistud-34325	348	5	estonia	estonia	PROPN
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eistud-34325	348	7	-0.042	-0.042	PUNCT
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eistud-34325	348	9	1.454	1.454	NUM
eistud-34325	348	10	0.190	0.190	NUM
eistud-34325	348	11	2.114	2.114	NUM
eistud-34325	348	12	0.2	0.2	NUM
eistud-34325	348	13	finland	finland	NOUN
eistud-34325	348	14	0.0882	0.0882	NUM
eistud-34325	348	15	2.119	2.119	NUM
eistud-34325	348	16	0.6349	0.6349	NUM
eistud-34325	348	17	3.492	3.492	NUM
eistud-34325	348	18	0.575	0.575	NUM
eistud-34325	348	19	12.2	12.2	NUM
eistud-34325	348	20	0.0068	0.0068	NUM
eistud-34325	348	21	france	france	PROPN
eistud-34325	348	22	0.0618	0.0618	NUM
eistud-34325	348	23	1.574	1.574	NUM
eistud-34325	348	24	0.7713	0.7713	NUM
eistud-34325	348	25	4.3	4.3	NUM
eistud-34325	348	26	0.673	0.673	NUM
eistud-34325	348	27	18.49	18.49	NUM
eistud-34325	348	28	0.0020	0.0020	NUM
eistud-34325	348	29	germany	germany	PROPN
eistud-34325	348	30	0.0657	0.0657	NUM
eistud-34325	348	31	0.922	0.922	NUM
eistud-34325	348	32	0.525	0.525	NUM
eistud-34325	348	33	1.982	1.982	NUM
eistud-34325	348	34	0.304	0.304	NUM
eistud-34325	348	35	3.929	3.929	NUM
eistud-34325	348	36	0.079	0.079	NUM
eistud-34325	348	37	greece	greece	PROPN
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eistud-34325	348	41	-0.47	-0.47	ADP
eistud-34325	348	42	0.024	0.024	NUM
eistud-34325	348	43	0.2212	0.2212	NUM
eistud-34325	348	44	0.65	0.65	NUM
eistud-34325	348	45	hungary	hungary	PROPN
eistud-34325	348	46	-0.0617	-0.0617	PROPN
eistud-34325	348	47	-0.607	-0.607	PROPN
eistud-34325	349	1	1.025	1.025	NUM
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eistud-34325	349	4	8.552	8.552	NUM
eistud-34325	349	5	0.017	0.017	NUM
eistud-34325	349	6	iceland	iceland	NOUN
eistud-34325	349	7	0.024	0.024	NUM
eistud-34325	349	8	0.234	0.234	NUM
eistud-34325	349	9	0.6666	0.6666	NUM
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eistud-34325	349	11	0.220	0.220	NUM
eistud-34325	349	12	2.532	2.532	NUM
eistud-34325	349	13	0.15	0.15	NUM
eistud-34325	349	14	ireland	ireland	PROPN
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eistud-34325	349	16	-1.446	-1.446	PROPN
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eistud-34325	350	3	0.688	0.688	NUM
eistud-34325	350	4	19.88	19.88	NUM
eistud-34325	350	5	0.0016	0.0016	NUM
eistud-34325	350	6	israel	israel	PROPN
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eistud-34325	351	1	3.843	3.843	NUM
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eistud-34325	351	3	2.033	2.033	NUM
eistud-34325	351	4	0.315	0.315	NUM
eistud-34325	351	5	4.133	4.133	NUM
eistud-34325	351	6	0.073	0.073	NUM
eistud-34325	351	7	italy	italy	PROPN
eistud-34325	351	8	0.2765	0.2765	NUM
eistud-34325	351	9	3.533	3.533	NUM
eistud-34325	351	10	-0.4717	-0.4717	NOUN
eistud-34325	351	11	-1.214	-1.214	PUNCT
eistud-34325	351	12	0.141	0.141	NUM
eistud-34325	351	13	1.475	1.475	NUM
eistud-34325	351	14	0.26	0.26	NUM
eistud-34325	351	15	japan	japan	PROPN
eistud-34325	351	16	0.162	0.162	NUM
eistud-34325	351	17	3.882	3.882	NUM
eistud-34325	351	18	0.3505	0.3505	NUM
eistud-34325	351	19	2.04	2.04	NUM
eistud-34325	351	20	0.316	0.316	NUM
eistud-34325	351	21	4.162	4.162	NUM
eistud-34325	351	22	0.072	0.072	NUM
eistud-34325	351	23	korea	korea	PROPN
eistud-34325	351	24	,	,	PUNCT
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eistud-34325	351	26	.	.	PROPN
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eistud-34325	351	29	-0.1587	-0.1587	ADJ
eistud-34325	351	30	-0.402	-0.402	NUM
eistud-34325	351	31	0.018	0.018	NUM
eistud-34325	352	1	0.1613	0.1613	NUM
eistud-34325	352	2	0.70	0.70	NUM
eistud-34325	352	3	latvia	latvia	PROPN
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eistud-34325	352	5	2.001	2.001	NUM
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eistud-34325	352	7	0.479	0.479	NUM
eistud-34325	352	8	0.025	0.025	NUM
eistud-34325	352	9	0.2291	0.2291	NUM
eistud-34325	352	10	0.64	0.64	NUM
eistud-34325	352	11	lithuania	lithuania	PROPN
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eistud-34325	352	14	-0.3681	-0.3681	NOUN
eistud-34325	352	15	-0.983	-0.983	NOUN
eistud-34325	352	16	0.097	0.097	NUM
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eistud-34325	352	18	0.35	0.35	NUM
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eistud-34325	352	21	1.359	1.359	NUM
eistud-34325	352	22	0.0279	0.0279	NUM
eistud-34325	352	23	0.112	0.112	NUM
eistud-34325	352	24	0.001	0.001	NUM
eistud-34325	352	25	0.01266	0.01266	NUM
eistud-34325	352	26	0.91	0.91	NUM
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eistud-34325	352	29	3.47	3.47	NUM
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eistud-34325	352	31	2.881	2.881	NUM
eistud-34325	352	32	0.480	0.480	NUM
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eistud-34325	352	39	-0.556	-0.556	PUNCT
eistud-34325	352	40	0.033	0.033	NUM
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eistud-34325	352	45	-0.038	-0.038	PUNCT
eistud-34325	353	1	0.6857	0.6857	NUM
eistud-34325	353	2	2.899	2.899	NUM
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eistud-34325	353	7	a2	a2	NOUN
eistud-34325	353	8	country	country	NOUN
eistud-34325	353	9	-	-	PUNCT
eistud-34325	353	10	level	level	NOUN
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eistud-34325	353	12	results	result	NOUN
eistud-34325	353	13	for	for	ADP
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eistud-34325	353	16	.	.	PUNCT
eistud-34325	353	17	countries	country	NOUN
eistud-34325	353	18	2010	2010	NUM
eistud-34325	353	19	-	-	SYM
eistud-34325	353	20	2020	2020	NUM
eistud-34325	353	21	123	123	NUM
eistud-34325	353	22	european	european	ADJ
eistud-34325	353	23	integrat	integrat	NOUN
eistud-34325	353	24	ion	ion	NOUN
eistud-34325	353	25	studies	study	NOUN
eistud-34325	353	26	2023/17	2023/17	NUM
eistud-34325	353	27	source	source	NOUN
eistud-34325	353	28	:	:	PUNCT
eistud-34325	353	29	author	author	NOUN
eistud-34325	353	30	country	country	NOUN
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eistud-34325	353	32	t	t	PROPN
eistud-34325	353	33	-	-	PUNCT
eistud-34325	353	34	statistic	statistic	NOUN
eistud-34325	353	35	β	β	PROPN
eistud-34325	353	36	t	t	PROPN
eistud-34325	353	37	-	-	PUNCT
eistud-34325	353	38	statistic	statistic	NOUN
eistud-34325	353	39	r	r	NOUN
eistud-34325	353	40	-	-	PUNCT
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eistud-34325	353	42	f	f	NOUN
eistud-34325	353	43	-	-	PUNCT
eistud-34325	353	44	statistic	statistic	ADJ
eistud-34325	353	45	p	p	NOUN
eistud-34325	353	46	-	-	PUNCT
eistud-34325	353	47	statistic	statistic	ADJ
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eistud-34325	354	12	10.29	10.29	NUM
eistud-34325	354	13	0.011	0.011	NUM
eistud-34325	354	14	poland	poland	PROPN
eistud-34325	354	15	0.3041	0.3041	NUM
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eistud-34325	354	17	-0.4533	-0.4533	NOUN
eistud-34325	355	1	-2.177	-2.177	NUM
eistud-34325	356	1	0.345	0.345	NUM
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eistud-34325	356	8	-0.327	-0.327	NUM
eistud-34325	357	1	0.012	0.012	NUM
eistud-34325	357	2	0.1072	0.1072	NUM
eistud-34325	357	3	0.75	0.75	NUM
eistud-34325	357	4	romania	romania	PROPN
eistud-34325	357	5	0.196	0.196	NUM
eistud-34325	357	6	3.088	3.088	NUM
eistud-34325	357	7	0.2493	0.2493	NUM
eistud-34325	357	8	0.86	0.86	NUM
eistud-34325	357	9	0.076	0.076	NUM
eistud-34325	357	10	0.7394	0.7394	NUM
eistud-34325	357	11	0.41	0.41	NUM
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eistud-34325	357	13	0.1288	0.1288	NUM
eistud-34325	357	14	1.729	1.729	NUM
eistud-34325	357	15	0.3864	0.3864	NUM
eistud-34325	357	16	1.306	1.306	NUM
eistud-34325	357	17	0.159	0.159	NUM
eistud-34325	357	18	1.705	1.705	NUM
eistud-34325	357	19	0.22	0.22	NUM
eistud-34325	357	20	slovenia	slovenia	NOUN
eistud-34325	357	21	0.2086	0.2086	NUM
eistud-34325	357	22	5.321	5.321	NUM
eistud-34325	357	23	-0.0283	-0.0283	NOUN
eistud-34325	357	24	-0.191	-0.191	NOUN
eistud-34325	357	25	0.004	0.004	NUM
eistud-34325	357	26	0.03654	0.03654	NUM
eistud-34325	357	27	0.85	0.85	NUM
eistud-34325	357	28	spain	spain	NOUN
eistud-34325	357	29	0.1031	0.1031	NUM
eistud-34325	357	30	1.077	1.077	NUM
eistud-34325	357	31	0.4228	0.4228	NUM
eistud-34325	357	32	0.972	0.972	NUM
eistud-34325	357	33	0.095	0.095	NUM
eistud-34325	357	34	0.9442	0.9442	NUM
eistud-34325	357	35	0.36	0.36	NUM
eistud-34325	357	36	sweden	sweden	ADJ
eistud-34325	357	37	-0.0144	-0.0144	PROPN
eistud-34325	357	38	-0.134	-0.134	PROPN
eistud-34325	357	39	0.9126	0.9126	NUM
eistud-34325	357	40	2.384	2.384	NUM
eistud-34325	357	41	0.387	0.387	NUM
eistud-34325	357	42	5.684	5.684	NUM
eistud-34325	357	43	0.04	0.04	NUM
eistud-34325	357	44	switzerland	switzerland	NOUN
eistud-34325	357	45	-0.1251	-0.1251	PROPN
eistud-34325	357	46	-0.37	-0.37	VERB
eistud-34325	357	47	1.0421	1.0421	NUM
eistud-34325	357	48	1.126	1.126	NUM
eistud-34325	357	49	0.123	0.123	NUM
eistud-34325	357	50	1.268	1.268	NUM
eistud-34325	357	51	0.29	0.29	NUM
eistud-34325	357	52	turkey	turkey	NOUN
eistud-34325	357	53	0.2474	0.2474	PROPN
eistud-34325	357	54	3.011	3.011	NUM
eistud-34325	357	55	0.16	0.16	NUM
eistud-34325	357	56	0.505	0.505	NUM
eistud-34325	357	57	0.028	0.028	NUM
eistud-34325	357	58	0.2547	0.2547	NUM
eistud-34325	357	59	0.63	0.63	NUM
eistud-34325	357	60	u.k	u.k	PROPN
eistud-34325	357	61	.	.	PROPN
eistud-34325	357	62	0.0475	0.0475	NUM
eistud-34325	357	63	1.852	1.852	NUM
eistud-34325	357	64	0.7795	0.7795	NUM
eistud-34325	357	65	4.828	4.828	NUM
eistud-34325	357	66	0.721	0.721	NUM
eistud-34325	357	67	23.31	23.31	NUM
eistud-34325	357	68	0.00094	0.00094	NUM
eistud-34325	357	69	united	united	PROPN
eistud-34325	357	70	states	states	PROPN
eistud-34325	357	71	0.1031	0.1031	NUM
eistud-34325	357	72	12.261	12.261	NUM
eistud-34325	357	73	0.5831	0.5831	NUM
eistud-34325	357	74	12.09	12.09	NUM
eistud-34325	357	75	0.942	0.942	NUM
eistud-34325	357	76	146.2	146.2	NUM
eistud-34325	357	77	0.0000007	0.0000007	NUM
eistud-34325	357	78	this	this	DET
eistud-34325	357	79	article	article	NOUN
eistud-34325	357	80	is	be	AUX
eistud-34325	357	81	an	an	DET
eistud-34325	357	82	open	open	ADJ
eistud-34325	357	83	access	access	NOUN
eistud-34325	357	84	article	article	NOUN
eistud-34325	357	85	distributed	distribute	VERB
eistud-34325	357	86	under	under	ADP
eistud-34325	357	87	the	the	DET
eistud-34325	357	88	terms	term	NOUN
eistud-34325	357	89	and	and	CCONJ
eistud-34325	357	90	conditions	condition	NOUN
eistud-34325	357	91	of	of	ADP
eistud-34325	357	92	the	the	DET
eistud-34325	357	93	creative	creative	ADJ
eistud-34325	357	94	commons	common	NOUN
eistud-34325	357	95	attribution	attribution	NOUN
eistud-34325	357	96	4.0	4.0	NUM
eistud-34325	357	97	(	(	PUNCT
eistud-34325	357	98	cc	cc	VERB
eistud-34325	357	99	by	by	ADP
eistud-34325	357	100	4.0	4.0	NUM
eistud-34325	357	101	)	)	PUNCT
eistud-34325	357	102	license	license	NOUN
eistud-34325	357	103	(	(	PUNCT
eistud-34325	357	104	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
eistud-34325	357	105	)	)	PUNCT
eistud-34325	357	106	.	.	PUNCT
eistud-34325	358	1	paweł	paweł	VERB
eistud-34325	358	2	młodkowski	młodkowski	PROPN
eistud-34325	358	3	professor	professor	NOUN
eistud-34325	358	4	(	(	PUNCT
eistud-34325	358	5	economics	economics	PROPN
eistud-34325	358	6	)	)	PUNCT
eistud-34325	358	7	miyazaki	miyazaki	PROPN
eistud-34325	358	8	international	international	PROPN
eistud-34325	358	9	university	university	PROPN
eistud-34325	358	10	,	,	PUNCT
eistud-34325	358	11	school	school	NOUN
eistud-34325	358	12	of	of	ADP
eistud-34325	358	13	international	international	ADJ
eistud-34325	358	14	liberal	liberal	ADJ
eistud-34325	358	15	arts	art	NOUN
eistud-34325	358	16	fields	field	NOUN
eistud-34325	358	17	of	of	ADP
eistud-34325	358	18	interests	interest	NOUN
eistud-34325	358	19	open	open	ADJ
eistud-34325	358	20	economy	economy	NOUN
eistud-34325	358	21	macroeconomics	macroeconomic	NOUN
eistud-34325	358	22	,	,	PUNCT
eistud-34325	358	23	global	global	ADJ
eistud-34325	358	24	monetary	monetary	ADJ
eistud-34325	358	25	system	system	NOUN
eistud-34325	358	26	,	,	PUNCT
eistud-34325	358	27	monetary	monetary	ADJ
eistud-34325	358	28	integration	integration	NOUN
eistud-34325	358	29	address	address	NOUN
eistud-34325	358	30	1405	1405	NUM
eistud-34325	359	1	kano	kano	PROPN
eistud-34325	359	2	-	-	PUNCT
eistud-34325	359	3	hei	hei	PROPN
eistud-34325	359	4	,	,	PUNCT
eistud-34325	359	5	kiyotake	kiyotake	NOUN
eistud-34325	359	6	-	-	PUNCT
eistud-34325	359	7	cho	cho	PROPN
eistud-34325	359	8	,	,	PUNCT
eistud-34325	359	9	miyazaki	miyazaki	PROPN
eistud-34325	359	10	-	-	PUNCT
eistud-34325	359	11	shi	shi	PROPN
eistud-34325	359	12	,	,	PUNCT
eistud-34325	359	13	889	889	NUM
eistud-34325	359	14	-	-	SYM
eistud-34325	359	15	1605	1605	NUM
eistud-34325	359	16	,	,	PUNCT
eistud-34325	359	17	japan	japan	PROPN
eistud-34325	359	18	+81	+81	PROPN
eistud-34325	359	19	-	-	PUNCT
eistud-34325	359	20	985	985	NUM
eistud-34325	359	21	-	-	PUNCT
eistud-34325	359	22	85	85	NUM
eistud-34325	359	23	-	-	SYM
eistud-34325	359	24	5931	5931	NUM
eistud-34325	359	25	mpawel@sky.miyazaki-mic.ac.jp	mpawel@sky.miyazaki-mic.ac.jp	ADJ
eistud-34325	359	26	about	about	ADP
eistud-34325	359	27	the	the	DET
eistud-34325	359	28	author	author	NOUN
eistud-34325	359	29	http://creativecommons.org/licenses/by/4.0/	http://creativecommons.org/licenses/by/4.0/	PROPN
eistud-34325	359	30	mailto	mailto	PROPN
eistud-34325	359	31	:	:	PUNCT
eistud-34325	359	32	mpawel%40sky.miyazaki	mpawel%40sky.miyazaki	X
eistud-34325	359	33	-	-	PUNCT
eistud-34325	359	34	mic.ac.jp?subject=	mic.ac.jp?subject=	INTJ