id	sid	tid	token	lemma	pos
faba-261	1	1	69	69	NUM
faba-261	1	2	finance	finance	NOUN
faba-261	1	3	,	,	PUNCT
faba-261	1	4	accounting	accounting	NOUN
faba-261	1	5	and	and	CCONJ
faba-261	1	6	business	business	NOUN
faba-261	1	7	analysis	analysis	NOUN
faba-261	1	8	volume	volume	NOUN
faba-261	1	9	7	7	NUM
faba-261	1	10	issue	issue	NOUN
faba-261	1	11	1	1	NUM
faba-261	1	12	,	,	PUNCT
faba-261	1	13	2025	2025	NUM
faba-261	1	14	http://faba.bg/	http://faba.bg/	NOUN
faba-261	1	15	issn	issn	VERB
faba-261	1	16	2603	2603	NUM
faba-261	1	17	-	-	SYM
faba-261	1	18	5324	5324	NUM
faba-261	1	19	doi	doi	NOUN
faba-261	1	20	:	:	PUNCT
faba-261	1	21	https://doi.org/10.37075/faba.2025.1.06	https://doi.org/10.37075/faba.2025.1.06	X
faba-261	1	22	asymmetric	asymmetric	ADJ
faba-261	1	23	impact	impact	NOUN
faba-261	1	24	of	of	ADP
faba-261	1	25	interest	interest	NOUN
faba-261	1	26	rate	rate	NOUN
faba-261	1	27	on	on	ADP
faba-261	1	28	economic	economic	ADJ
faba-261	1	29	growth	growth	NOUN
faba-261	1	30	in	in	ADP
faba-261	1	31	kenya	kenya	PROPN
faba-261	1	32	talknice	talknice	PROPN
faba-261	1	33	saungweme1	saungweme1	PROPN
faba-261	1	34	*	*	PUNCT
faba-261	1	35	,	,	PUNCT
faba-261	1	36	glenda	glenda	PROPN
faba-261	1	37	maluleke2	maluleke2	PROPN
faba-261	1	38	,	,	PUNCT
faba-261	1	39	nicholas	nicholas	PROPN
faba-261	1	40	m.	m.	PROPN
faba-261	1	41	odhiambo3	odhiambo3	PROPN
faba-261	1	42	department	department	PROPN
faba-261	1	43	of	of	ADP
faba-261	1	44	economics	economic	NOUN
faba-261	1	45	,	,	PUNCT
faba-261	1	46	university	university	NOUN
faba-261	1	47	of	of	ADP
faba-261	1	48	south	south	PROPN
faba-261	1	49	africa	africa	PROPN
faba-261	1	50	,	,	PUNCT
faba-261	1	51	south	south	PROPN
faba-261	1	52	africa1	africa1	PROPN
faba-261	1	53	department	department	PROPN
faba-261	1	54	of	of	ADP
faba-261	1	55	economics	economic	NOUN
faba-261	1	56	,	,	PUNCT
faba-261	1	57	university	university	NOUN
faba-261	1	58	of	of	ADP
faba-261	1	59	south	south	PROPN
faba-261	1	60	africa	africa	PROPN
faba-261	1	61	,	,	PUNCT
faba-261	1	62	south	south	PROPN
faba-261	1	63	africa2	africa2	PROPN
faba-261	1	64	department	department	PROPN
faba-261	1	65	of	of	ADP
faba-261	1	66	economics	economic	NOUN
faba-261	1	67	,	,	PUNCT
faba-261	1	68	university	university	NOUN
faba-261	1	69	of	of	ADP
faba-261	1	70	south	south	PROPN
faba-261	1	71	africa	africa	PROPN
faba-261	1	72	,	,	PUNCT
faba-261	1	73	south	south	PROPN
faba-261	1	74	africa3	africa3	PROPN
faba-261	2	1	*	*	PUNCT
faba-261	2	2	corresponding	correspond	VERB
faba-261	2	3	author	author	NOUN
faba-261	2	4	info	info	NOUN
faba-261	2	5	articles	article	NOUN
faba-261	2	6	abstract	abstract	ADJ
faba-261	2	7	history	history	NOUN
faba-261	2	8	article	article	NOUN
faba-261	2	9	:	:	PUNCT
faba-261	2	10	submitted	submit	VERB
faba-261	2	11	30	30	NUM
faba-261	2	12	january	january	NOUN
faba-261	2	13	2025	2025	NUM
faba-261	2	14	revised	revise	VERB
faba-261	2	15	17	17	NUM
faba-261	2	16	april	april	PROPN
faba-261	2	17	2025	2025	NUM
faba-261	2	18	accepted	accept	VERB
faba-261	2	19	28	28	NUM
faba-261	2	20	april	april	PROPN
faba-261	2	21	2025	2025	NUM
faba-261	2	22	purpose	purpose	NOUN
faba-261	2	23	:	:	PUNCT
faba-261	2	24	this	this	DET
faba-261	2	25	study	study	NOUN
faba-261	2	26	re	re	VERB
faba-261	2	27	-	-	NOUN
faba-261	2	28	examines	examine	VERB
faba-261	2	29	the	the	DET
faba-261	2	30	relationship	relationship	NOUN
faba-261	2	31	between	between	ADP
faba-261	2	32	interest	interest	NOUN
faba-261	2	33	rates	rate	NOUN
faba-261	2	34	and	and	CCONJ
faba-261	2	35	economic	economic	ADJ
faba-261	2	36	growth	growth	NOUN
faba-261	2	37	,	,	PUNCT
faba-261	2	38	focusing	focus	VERB
faba-261	2	39	on	on	ADP
faba-261	2	40	the	the	DET
faba-261	2	41	asymmetric	asymmetric	ADJ
faba-261	2	42	effects	effect	NOUN
faba-261	2	43	of	of	ADP
faba-261	2	44	lending	lend	VERB
faba-261	2	45	interest	interest	NOUN
faba-261	2	46	rates	rate	NOUN
faba-261	2	47	on	on	ADP
faba-261	2	48	kenya	kenya	PROPN
faba-261	2	49	's	's	PART
faba-261	2	50	economic	economic	ADJ
faba-261	2	51	performance	performance	NOUN
faba-261	2	52	.	.	PUNCT
faba-261	3	1	design	design	NOUN
faba-261	3	2	/	/	SYM
faba-261	3	3	methodology	methodology	NOUN
faba-261	3	4	/	/	SYM
faba-261	3	5	approach	approach	NOUN
faba-261	3	6	:	:	PUNCT
faba-261	3	7	the	the	DET
faba-261	3	8	study	study	NOUN
faba-261	3	9	applied	apply	VERB
faba-261	3	10	the	the	DET
faba-261	3	11	nonlinear	nonlinear	ADJ
faba-261	3	12	autoregressive	autoregressive	ADJ
faba-261	3	13	distributed	distribute	VERB
faba-261	3	14	lag	lag	NOUN
faba-261	3	15	(	(	PUNCT
faba-261	3	16	nardl	nardl	NOUN
faba-261	3	17	)	)	PUNCT
faba-261	3	18	model	model	NOUN
faba-261	3	19	to	to	PART
faba-261	3	20	ascertain	ascertain	VERB
faba-261	3	21	the	the	DET
faba-261	3	22	distinct	distinct	ADJ
faba-261	3	23	impacts	impact	NOUN
faba-261	3	24	of	of	ADP
faba-261	3	25	positive	positive	ADJ
faba-261	3	26	and	and	CCONJ
faba-261	3	27	negative	negative	ADJ
faba-261	3	28	interest	interest	NOUN
faba-261	3	29	rate	rate	NOUN
faba-261	3	30	shocks	shock	NOUN
faba-261	3	31	on	on	ADP
faba-261	3	32	economic	economic	ADJ
faba-261	3	33	growth	growth	NOUN
faba-261	3	34	in	in	ADP
faba-261	3	35	both	both	CCONJ
faba-261	3	36	the	the	DET
faba-261	3	37	short	short	ADJ
faba-261	3	38	and	and	CCONJ
faba-261	3	39	long	long	ADJ
faba-261	3	40	run	run	NOUN
faba-261	3	41	.	.	PUNCT
faba-261	4	1	it	it	PRON
faba-261	4	2	uses	use	VERB
faba-261	4	3	yearly	yearly	ADJ
faba-261	4	4	time	time	NOUN
faba-261	4	5	series	series	PROPN
faba-261	4	6	data	datum	NOUN
faba-261	4	7	spanning	span	VERB
faba-261	4	8	the	the	DET
faba-261	4	9	years	year	NOUN
faba-261	4	10	1980	1980	NUM
faba-261	4	11	-	-	SYM
faba-261	4	12	2021	2021	NUM
faba-261	4	13	.	.	PUNCT
faba-261	5	1	findings	finding	NOUN
faba-261	5	2	:	:	PUNCT
faba-261	5	3	the	the	DET
faba-261	5	4	results	result	NOUN
faba-261	5	5	of	of	ADP
faba-261	5	6	the	the	DET
faba-261	5	7	cointegration	cointegration	NOUN
faba-261	5	8	tests	test	NOUN
faba-261	5	9	found	find	VERB
faba-261	5	10	evidence	evidence	NOUN
faba-261	5	11	supporting	support	VERB
faba-261	5	12	the	the	DET
faba-261	5	13	existence	existence	NOUN
faba-261	5	14	of	of	ADP
faba-261	5	15	an	an	DET
faba-261	5	16	asymmetric	asymmetric	ADJ
faba-261	5	17	long	long	ADJ
faba-261	5	18	-	-	PUNCT
faba-261	5	19	run	run	NOUN
faba-261	5	20	relationship	relationship	NOUN
faba-261	5	21	,	,	PUNCT
faba-261	5	22	while	while	SCONJ
faba-261	5	23	the	the	DET
faba-261	5	24	wald	wald	PROPN
faba-261	5	25	test	test	NOUN
faba-261	5	26	results	result	NOUN
faba-261	5	27	show	show	VERB
faba-261	5	28	that	that	SCONJ
faba-261	5	29	there	there	PRON
faba-261	5	30	is	be	VERB
faba-261	5	31	a	a	DET
faba-261	5	32	long	long	ADV
faba-261	5	33	-	-	PUNCT
faba-261	5	34	run	run	VERB
faba-261	5	35	and	and	CCONJ
faba-261	5	36	short	short	ADJ
faba-261	5	37	-	-	PUNCT
faba-261	5	38	run	run	NOUN
faba-261	5	39	asymmetry	asymmetry	NOUN
faba-261	5	40	link	link	NOUN
faba-261	5	41	between	between	ADP
faba-261	5	42	interest	interest	NOUN
faba-261	5	43	rates	rate	NOUN
faba-261	5	44	and	and	CCONJ
faba-261	5	45	economic	economic	ADJ
faba-261	5	46	growth	growth	NOUN
faba-261	5	47	in	in	ADP
faba-261	5	48	kenya	kenya	PROPN
faba-261	5	49	.	.	PUNCT
faba-261	6	1	on	on	ADP
faba-261	6	2	average	average	ADJ
faba-261	6	3	,	,	PUNCT
faba-261	6	4	positive	positive	ADJ
faba-261	6	5	changes	change	NOUN
faba-261	6	6	in	in	ADP
faba-261	6	7	lending	lend	VERB
faba-261	6	8	interest	interest	NOUN
faba-261	6	9	rates	rate	NOUN
faba-261	6	10	have	have	VERB
faba-261	6	11	no	no	DET
faba-261	6	12	significant	significant	ADJ
faba-261	6	13	impact	impact	NOUN
faba-261	6	14	on	on	ADP
faba-261	6	15	economic	economic	ADJ
faba-261	6	16	growth	growth	NOUN
faba-261	6	17	in	in	ADP
faba-261	6	18	kenya	kenya	PROPN
faba-261	6	19	,	,	PUNCT
faba-261	6	20	both	both	CCONJ
faba-261	6	21	in	in	ADP
faba-261	6	22	the	the	DET
faba-261	6	23	short	short	ADJ
faba-261	6	24	and	and	CCONJ
faba-261	6	25	long	long	ADJ
faba-261	6	26	run	run	NOUN
faba-261	6	27	.	.	PUNCT
faba-261	7	1	however	however	ADV
faba-261	7	2	,	,	PUNCT
faba-261	7	3	negative	negative	ADJ
faba-261	7	4	interest	interest	NOUN
faba-261	7	5	rate	rate	NOUN
faba-261	7	6	shocks	shock	NOUN
faba-261	7	7	spur	spur	VERB
faba-261	7	8	economic	economic	ADJ
faba-261	7	9	growth	growth	NOUN
faba-261	7	10	in	in	ADP
faba-261	7	11	the	the	DET
faba-261	7	12	short	short	ADJ
faba-261	7	13	run	run	NOUN
faba-261	7	14	but	but	CCONJ
faba-261	7	15	impede	impede	VERB
faba-261	7	16	growth	growth	NOUN
faba-261	7	17	in	in	ADP
faba-261	7	18	the	the	DET
faba-261	7	19	long	long	ADJ
faba-261	7	20	run	run	NOUN
faba-261	7	21	.	.	PUNCT
faba-261	8	1	research	research	NOUN
faba-261	8	2	limitations	limitation	NOUN
faba-261	8	3	/	/	SYM
faba-261	8	4	implication	implication	NOUN
faba-261	8	5	:	:	PUNCT
faba-261	8	6	the	the	DET
faba-261	8	7	study	study	NOUN
faba-261	8	8	is	be	AUX
faba-261	8	9	limited	limit	VERB
faba-261	8	10	to	to	ADP
faba-261	8	11	the	the	DET
faba-261	8	12	kenyan	kenyan	ADJ
faba-261	8	13	context	context	NOUN
faba-261	8	14	and	and	CCONJ
faba-261	8	15	the	the	DET
faba-261	8	16	dataset	dataset	ADJ
faba-261	8	17	range	range	NOUN
faba-261	8	18	of	of	ADP
faba-261	8	19	1980–2021	1980–2021	NUM
faba-261	8	20	.	.	PUNCT
faba-261	9	1	future	future	ADJ
faba-261	9	2	research	research	NOUN
faba-261	9	3	could	could	AUX
faba-261	9	4	explore	explore	VERB
faba-261	9	5	thresholds	threshold	NOUN
faba-261	9	6	for	for	ADP
faba-261	9	7	optimal	optimal	ADJ
faba-261	9	8	interest	interest	NOUN
faba-261	9	9	rate	rate	NOUN
faba-261	9	10	levels	level	NOUN
faba-261	9	11	and	and	CCONJ
faba-261	9	12	include	include	VERB
faba-261	9	13	a	a	DET
faba-261	9	14	broader	broad	ADJ
faba-261	9	15	range	range	NOUN
faba-261	9	16	of	of	ADP
faba-261	9	17	countries	country	NOUN
faba-261	9	18	for	for	ADP
faba-261	9	19	comparative	comparative	ADJ
faba-261	9	20	analysis	analysis	NOUN
faba-261	9	21	.	.	PUNCT
faba-261	10	1	originality	originality	NOUN
faba-261	10	2	/	/	SYM
faba-261	10	3	value	value	NOUN
faba-261	10	4	:	:	PUNCT
faba-261	10	5	this	this	DET
faba-261	10	6	study	study	NOUN
faba-261	10	7	uniquely	uniquely	ADV
faba-261	10	8	applies	apply	VERB
faba-261	10	9	the	the	DET
faba-261	10	10	nardl	nardl	NOUN
faba-261	10	11	framework	framework	NOUN
faba-261	10	12	to	to	ADP
faba-261	10	13	kenya	kenya	PROPN
faba-261	10	14	,	,	PUNCT
faba-261	10	15	providing	provide	VERB
faba-261	10	16	new	new	ADJ
faba-261	10	17	insights	insight	NOUN
faba-261	10	18	into	into	ADP
faba-261	10	19	the	the	DET
faba-261	10	20	asymmetric	asymmetric	ADJ
faba-261	10	21	impact	impact	NOUN
faba-261	10	22	of	of	ADP
faba-261	10	23	interest	interest	NOUN
faba-261	10	24	rates	rate	NOUN
faba-261	10	25	on	on	ADP
faba-261	10	26	economic	economic	ADJ
faba-261	10	27	growth	growth	NOUN
faba-261	10	28	.	.	PUNCT
faba-261	11	1	paper	paper	NOUN
faba-261	11	2	type	type	NOUN
faba-261	11	3	:	:	PUNCT
faba-261	11	4	research	research	NOUN
faba-261	11	5	paper	paper	NOUN
faba-261	11	6	.	.	PUNCT
faba-261	12	1	keywords	keyword	NOUN
faba-261	12	2	:	:	PUNCT
faba-261	12	3	economic	economic	ADJ
faba-261	12	4	growth	growth	NOUN
faba-261	12	5	,	,	PUNCT
faba-261	12	6	interest	interest	NOUN
faba-261	12	7	rates	rate	NOUN
faba-261	12	8	,	,	PUNCT
faba-261	12	9	kenya	kenya	PROPN
faba-261	12	10	,	,	PUNCT
faba-261	12	11	nardl	nardl	PROPN
faba-261	12	12	jel	jel	PROPN
faba-261	12	13	:	:	PUNCT
faba-261	12	14	c32	c32	NOUN
faba-261	12	15	,	,	PUNCT
faba-261	12	16	e43	e43	NOUN
faba-261	12	17	,	,	PUNCT
faba-261	12	18	o42	o42	ADJ
faba-261	12	19	*	*	PUNCT
faba-261	12	20	address	address	NOUN
faba-261	12	21	correspondence	correspondence	NOUN
faba-261	12	22	:	:	PUNCT
faba-261	13	1	e	e	X
faba-261	13	2	-	-	NOUN
faba-261	13	3	mail	mail	NOUN
faba-261	13	4	:	:	PUNCT
faba-261	13	5	talknice2009@gmail.com1	talknice2009@gmail.com1	PROPN
faba-261	13	6	malulg@unisa.ac.za2	malulg@unisa.ac.za2	X
faba-261	13	7	odhianm@unisa.ac.za3	odhianm@unisa.ac.za3	PROPN
faba-261	13	8	http://faba.bg/	http://faba.bg/	NOUN
faba-261	13	9	mailto	mailto	NOUN
faba-261	13	10	:	:	PUNCT
faba-261	13	11	talknice2009@gmail.com1	talknice2009@gmail.com1	PROPN
faba-261	13	12	mailto:odhianm@unisa.ac.za	mailto:odhianm@unisa.ac.za	VERB
faba-261	13	13	https://orcid.org/0000-0003-1255-7837	https://orcid.org/0000-0003-1255-7837	PROPN
faba-261	13	14	https://orcid.org/0000-0002-5234-3115	https://orcid.org/0000-0002-5234-3115	NOUN
faba-261	13	15	https://orcid.org/0000-0003-4988-0259	https://orcid.org/0000-0003-4988-0259	PROPN
faba-261	13	16	t.	t.	PROPN
faba-261	13	17	saungweme	saungweme	PROPN
faba-261	13	18	,	,	PUNCT
faba-261	13	19	g.	g.	PROPN
faba-261	13	20	maluleke	maluleke	PROPN
faba-261	13	21	,	,	PUNCT
faba-261	13	22	n.	n.	PROPN
faba-261	13	23	odhiambo	odhiambo	X
faba-261	13	24	/	/	SYM
faba-261	13	25	finance	finance	NOUN
faba-261	13	26	,	,	PUNCT
faba-261	13	27	accounting	accounting	NOUN
faba-261	13	28	and	and	CCONJ
faba-261	13	29	business	business	NOUN
faba-261	13	30	analysis	analysis	NOUN
faba-261	13	31	,	,	PUNCT
faba-261	13	32	volume	volume	NOUN
faba-261	13	33	7	7	NUM
faba-261	13	34	,	,	PUNCT
faba-261	13	35	issue	issue	NOUN
faba-261	13	36	1	1	NUM
faba-261	13	37	,	,	PUNCT
faba-261	13	38	2025	2025	NUM
faba-261	13	39	70	70	NUM
faba-261	13	40	introduction	introduction	NOUN
faba-261	13	41	introduction	introduction	NOUN
faba-261	13	42	,	,	PUNCT
faba-261	13	43	theoretical	theoretical	ADJ
faba-261	13	44	and	and	CCONJ
faba-261	13	45	empirical	empirical	ADJ
faba-261	13	46	literature	literature	NOUN
faba-261	13	47	synthesis	synthesis	NOUN
faba-261	13	48	beginning	begin	VERB
faba-261	13	49	with	with	ADP
faba-261	13	50	the	the	DET
faba-261	13	51	asian	asian	ADJ
faba-261	13	52	tiger	tiger	NOUN
faba-261	13	53	economies	economy	NOUN
faba-261	13	54	and	and	CCONJ
faba-261	13	55	shifting	shift	VERB
faba-261	13	56	to	to	ADP
faba-261	13	57	newly	newly	ADV
faba-261	13	58	industrialised	industrialise	VERB
faba-261	13	59	economies	economy	NOUN
faba-261	13	60	,	,	PUNCT
faba-261	13	61	such	such	ADJ
faba-261	13	62	as	as	ADP
faba-261	13	63	china	china	PROPN
faba-261	13	64	,	,	PUNCT
faba-261	13	65	south	south	PROPN
faba-261	13	66	africa	africa	PROPN
faba-261	13	67	,	,	PUNCT
faba-261	13	68	india	india	PROPN
faba-261	13	69	,	,	PUNCT
faba-261	13	70	russia	russia	PROPN
faba-261	13	71	and	and	CCONJ
faba-261	13	72	brazil	brazil	PROPN
faba-261	13	73	,	,	PUNCT
faba-261	13	74	the	the	DET
faba-261	13	75	most	most	ADV
faba-261	13	76	powerful	powerful	ADJ
faba-261	13	77	and	and	CCONJ
faba-261	13	78	successful	successful	ADJ
faba-261	13	79	strategy	strategy	NOUN
faba-261	13	80	for	for	ADP
faba-261	13	81	poverty	poverty	NOUN
faba-261	13	82	reduction	reduction	NOUN
faba-261	13	83	is	be	AUX
faba-261	13	84	through	through	ADP
faba-261	13	85	sustained	sustained	ADJ
faba-261	13	86	economic	economic	ADJ
faba-261	13	87	growth	growth	NOUN
faba-261	13	88	emanating	emanate	VERB
faba-261	13	89	from	from	ADP
faba-261	13	90	aggressive	aggressive	ADJ
faba-261	13	91	and	and	CCONJ
faba-261	13	92	rapid	rapid	ADJ
faba-261	13	93	innovation	innovation	NOUN
faba-261	13	94	and	and	CCONJ
faba-261	13	95	industrialisation	industrialisation	NOUN
faba-261	13	96	(	(	PUNCT
faba-261	13	97	chatterjee	chatterjee	NOUN
faba-261	13	98	and	and	CCONJ
faba-261	13	99	naka	naka	PROPN
faba-261	13	100	2022	2022	NUM
faba-261	13	101	;	;	PUNCT
faba-261	13	102	united	united	PROPN
faba-261	13	103	nations	nations	PROPN
faba-261	13	104	industrial	industrial	PROPN
faba-261	13	105	development	development	PROPN
faba-261	13	106	organisation	organisation	NOUN
faba-261	13	107	2020	2020	NUM
faba-261	13	108	)	)	PUNCT
faba-261	13	109	.	.	PUNCT
faba-261	14	1	these	these	DET
faba-261	14	2	two	two	NUM
faba-261	14	3	groups	group	NOUN
faba-261	14	4	of	of	ADP
faba-261	14	5	countries	country	NOUN
faba-261	14	6	pursued	pursue	VERB
faba-261	14	7	both	both	CCONJ
faba-261	14	8	export	export	NOUN
faba-261	14	9	-	-	PUNCT
faba-261	14	10	oriented	orient	VERB
faba-261	14	11	and	and	CCONJ
faba-261	14	12	import	import	NOUN
faba-261	14	13	substitution	substitution	NOUN
faba-261	14	14	strategies	strategy	NOUN
faba-261	14	15	,	,	PUNCT
faba-261	14	16	while	while	SCONJ
faba-261	14	17	advancing	advance	VERB
faba-261	14	18	innovative	innovative	ADJ
faba-261	14	19	production	production	NOUN
faba-261	14	20	technologies	technology	NOUN
faba-261	14	21	(	(	PUNCT
faba-261	14	22	liu	liu	PROPN
faba-261	14	23	et	et	PROPN
faba-261	14	24	al	al	PROPN
faba-261	14	25	.	.	PROPN
faba-261	14	26	2023	2023	NUM
faba-261	14	27	)	)	PUNCT
faba-261	14	28	.	.	PUNCT
faba-261	15	1	while	while	SCONJ
faba-261	15	2	both	both	CCONJ
faba-261	15	3	monetary	monetary	ADJ
faba-261	15	4	and	and	CCONJ
faba-261	15	5	nonmonetary	nonmonetary	ADJ
faba-261	15	6	factors	factor	NOUN
faba-261	15	7	can	can	AUX
faba-261	15	8	be	be	AUX
faba-261	15	9	drivers	driver	NOUN
faba-261	15	10	of	of	ADP
faba-261	15	11	economic	economic	ADJ
faba-261	15	12	growth	growth	NOUN
faba-261	15	13	,	,	PUNCT
faba-261	15	14	nonmonetary	nonmonetary	ADJ
faba-261	15	15	factors	factor	NOUN
faba-261	15	16	have	have	AUX
faba-261	15	17	received	receive	VERB
faba-261	15	18	most	most	ADJ
faba-261	15	19	of	of	ADP
faba-261	15	20	the	the	DET
faba-261	15	21	attention	attention	NOUN
faba-261	15	22	in	in	ADP
faba-261	15	23	research	research	NOUN
faba-261	15	24	studies	study	NOUN
faba-261	15	25	.	.	PUNCT
faba-261	16	1	this	this	DET
faba-261	16	2	insight	insight	NOUN
faba-261	16	3	serves	serve	VERB
faba-261	16	4	as	as	ADP
faba-261	16	5	the	the	DET
faba-261	16	6	motivation	motivation	NOUN
faba-261	16	7	for	for	ADP
faba-261	16	8	this	this	DET
faba-261	16	9	paper	paper	NOUN
faba-261	16	10	,	,	PUNCT
faba-261	16	11	which	which	PRON
faba-261	16	12	has	have	VERB
faba-261	16	13	two	two	NUM
faba-261	16	14	primary	primary	ADJ
faba-261	16	15	goals	goal	NOUN
faba-261	16	16	.	.	PUNCT
faba-261	17	1	the	the	DET
faba-261	17	2	first	first	ADJ
faba-261	17	3	is	be	AUX
faba-261	17	4	to	to	PART
faba-261	17	5	thoroughly	thoroughly	ADV
faba-261	17	6	review	review	VERB
faba-261	17	7	and	and	CCONJ
faba-261	17	8	document	document	VERB
faba-261	17	9	the	the	DET
faba-261	17	10	relationship	relationship	NOUN
faba-261	17	11	between	between	ADP
faba-261	17	12	lending	lend	VERB
faba-261	17	13	interest	interest	NOUN
faba-261	17	14	rates	rate	NOUN
faba-261	17	15	and	and	CCONJ
faba-261	17	16	economic	economic	ADJ
faba-261	17	17	growth	growth	NOUN
faba-261	17	18	in	in	ADP
faba-261	17	19	kenya	kenya	PROPN
faba-261	17	20	.	.	PUNCT
faba-261	18	1	lending	lending	NOUN
faba-261	18	2	interest	interest	NOUN
faba-261	18	3	rates	rate	NOUN
faba-261	18	4	can	can	AUX
faba-261	18	5	have	have	VERB
faba-261	18	6	a	a	DET
faba-261	18	7	significant	significant	ADJ
faba-261	18	8	impact	impact	NOUN
faba-261	18	9	on	on	ADP
faba-261	18	10	the	the	DET
faba-261	18	11	rate	rate	NOUN
faba-261	18	12	and	and	CCONJ
faba-261	18	13	trajectory	trajectory	NOUN
faba-261	18	14	of	of	ADP
faba-261	18	15	economic	economic	ADJ
faba-261	18	16	growth	growth	NOUN
faba-261	18	17	by	by	ADP
faba-261	18	18	influencing	influence	VERB
faba-261	18	19	the	the	DET
faba-261	18	20	magnitude	magnitude	NOUN
faba-261	18	21	and	and	CCONJ
faba-261	18	22	return	return	NOUN
faba-261	18	23	of	of	ADP
faba-261	18	24	investment	investment	NOUN
faba-261	18	25	,	,	PUNCT
faba-261	18	26	as	as	ADV
faba-261	18	27	well	well	ADV
faba-261	18	28	as	as	ADP
faba-261	18	29	the	the	DET
faba-261	18	30	scope	scope	NOUN
faba-261	18	31	and	and	CCONJ
faba-261	18	32	composition	composition	NOUN
faba-261	18	33	of	of	ADP
faba-261	18	34	both	both	DET
faba-261	18	35	saving	save	VERB
faba-261	18	36	and	and	CCONJ
faba-261	18	37	consumption	consumption	NOUN
faba-261	18	38	.	.	PUNCT
faba-261	19	1	infrastructure	infrastructure	NOUN
faba-261	19	2	development	development	NOUN
faba-261	19	3	,	,	PUNCT
faba-261	19	4	industrialisation	industrialisation	NOUN
faba-261	19	5	,	,	PUNCT
faba-261	19	6	institutional	institutional	ADJ
faba-261	19	7	investors	investor	NOUN
faba-261	19	8	,	,	PUNCT
faba-261	19	9	mutual	mutual	ADJ
faba-261	19	10	funds	fund	NOUN
faba-261	19	11	,	,	PUNCT
faba-261	19	12	and	and	CCONJ
faba-261	19	13	the	the	DET
faba-261	19	14	corporate	corporate	ADJ
faba-261	19	15	sector	sector	NOUN
faba-261	19	16	are	be	AUX
faba-261	19	17	all	all	ADV
faba-261	19	18	exposed	expose	VERB
faba-261	19	19	to	to	ADP
faba-261	19	20	risks	risk	NOUN
faba-261	19	21	stemming	stem	VERB
faba-261	19	22	from	from	ADP
faba-261	19	23	interest	interest	NOUN
faba-261	19	24	rate	rate	NOUN
faba-261	19	25	volatility	volatility	NOUN
faba-261	19	26	(	(	PUNCT
faba-261	19	27	olasehinde	olasehinde	PROPN
faba-261	19	28	-	-	PUNCT
faba-261	19	29	williams	williams	PROPN
faba-261	19	30	et	et	PROPN
faba-261	19	31	al	al	PROPN
faba-261	19	32	.	.	PROPN
faba-261	19	33	2024	2024	NUM
faba-261	19	34	)	)	PUNCT
faba-261	19	35	.	.	PUNCT
faba-261	20	1	the	the	DET
faba-261	20	2	second	second	NOUN
faba-261	20	3	is	be	AUX
faba-261	20	4	to	to	PART
faba-261	20	5	bridge	bridge	VERB
faba-261	20	6	the	the	DET
faba-261	20	7	gap	gap	NOUN
faba-261	20	8	in	in	ADP
faba-261	20	9	interest	interest	NOUN
faba-261	20	10	rate	rate	NOUN
faba-261	20	11	modelling	modelling	NOUN
faba-261	20	12	by	by	ADP
faba-261	20	13	applying	apply	VERB
faba-261	20	14	a	a	DET
faba-261	20	15	model	model	NOUN
faba-261	20	16	that	that	PRON
faba-261	20	17	can	can	AUX
faba-261	20	18	be	be	AUX
faba-261	20	19	used	use	VERB
faba-261	20	20	to	to	PART
faba-261	20	21	quantify	quantify	VERB
faba-261	20	22	and	and	CCONJ
faba-261	20	23	comprehend	comprehend	VERB
faba-261	20	24	the	the	DET
faba-261	20	25	nature	nature	NOUN
faba-261	20	26	of	of	ADP
faba-261	20	27	the	the	DET
faba-261	20	28	link	link	NOUN
faba-261	20	29	between	between	ADP
faba-261	20	30	interest	interest	NOUN
faba-261	20	31	rates	rate	NOUN
faba-261	20	32	and	and	CCONJ
faba-261	20	33	growth	growth	NOUN
faba-261	20	34	in	in	ADP
faba-261	20	35	kenya	kenya	PROPN
faba-261	20	36	.	.	PUNCT
faba-261	21	1	specifically	specifically	ADV
faba-261	21	2	,	,	PUNCT
faba-261	21	3	this	this	DET
faba-261	21	4	study	study	NOUN
faba-261	21	5	investigates	investigate	VERB
faba-261	21	6	the	the	DET
faba-261	21	7	asymmetric	asymmetric	ADJ
faba-261	21	8	impact	impact	NOUN
faba-261	21	9	of	of	ADP
faba-261	21	10	interest	interest	NOUN
faba-261	21	11	rates	rate	NOUN
faba-261	21	12	on	on	ADP
faba-261	21	13	economic	economic	ADJ
faba-261	21	14	growth	growth	NOUN
faba-261	21	15	in	in	ADP
faba-261	21	16	kenya	kenya	PROPN
faba-261	21	17	using	use	VERB
faba-261	21	18	time	time	NOUN
faba-261	21	19	series	series	PROPN
faba-261	21	20	data	datum	NOUN
faba-261	21	21	from	from	ADP
faba-261	21	22	1980	1980	NUM
faba-261	21	23	to	to	ADP
faba-261	21	24	2021	2021	NUM
faba-261	21	25	.	.	PUNCT
faba-261	22	1	the	the	DET
faba-261	22	2	nonlinear	nonlinear	PROPN
faba-261	22	3	ardl	ardl	PROPN
faba-261	22	4	method	method	NOUN
faba-261	22	5	captures	capture	VERB
faba-261	22	6	the	the	DET
faba-261	22	7	positive	positive	ADJ
faba-261	22	8	and	and	CCONJ
faba-261	22	9	negative	negative	ADJ
faba-261	22	10	changes	change	NOUN
faba-261	22	11	asymmetrically	asymmetrically	ADV
faba-261	22	12	and	and	CCONJ
faba-261	22	13	the	the	DET
faba-261	22	14	shortand	shortand	NOUN
faba-261	22	15	long	long	ADV
faba-261	22	16	-	-	PUNCT
faba-261	22	17	run	run	NOUN
faba-261	22	18	dynamics	dynamic	NOUN
faba-261	22	19	of	of	ADP
faba-261	22	20	interest	interest	NOUN
faba-261	22	21	rates	rate	NOUN
faba-261	22	22	on	on	ADP
faba-261	22	23	economic	economic	ADJ
faba-261	22	24	growth	growth	NOUN
faba-261	22	25	in	in	ADP
faba-261	22	26	kenya	kenya	PROPN
faba-261	22	27	,	,	PUNCT
faba-261	22	28	enabling	enable	VERB
faba-261	22	29	a	a	DET
faba-261	22	30	more	more	ADV
faba-261	22	31	precise	precise	ADJ
faba-261	22	32	analysis	analysis	NOUN
faba-261	22	33	across	across	ADP
faba-261	22	34	different	different	ADJ
faba-261	22	35	economic	economic	ADJ
faba-261	22	36	conditions	condition	NOUN
faba-261	22	37	(	(	PUNCT
faba-261	22	38	see	see	VERB
faba-261	22	39	saungweme	saungweme	PROPN
faba-261	22	40	et	et	PROPN
faba-261	22	41	al	al	PROPN
faba-261	22	42	.	.	PROPN
faba-261	22	43	2024	2024	NUM
faba-261	22	44	;	;	PUNCT
faba-261	22	45	shin	shin	PROPN
faba-261	22	46	et	et	PROPN
faba-261	22	47	al	al	PROPN
faba-261	22	48	.	.	PROPN
faba-261	22	49	2014	2014	NUM
faba-261	22	50	)	)	PUNCT
faba-261	22	51	.	.	PUNCT
faba-261	23	1	to	to	ADP
faba-261	23	2	the	the	DET
faba-261	23	3	best	good	ADJ
faba-261	23	4	of	of	ADP
faba-261	23	5	our	our	PRON
faba-261	23	6	knowledge	knowledge	NOUN
faba-261	23	7	,	,	PUNCT
faba-261	23	8	this	this	PRON
faba-261	23	9	is	be	AUX
faba-261	23	10	the	the	DET
faba-261	23	11	first	first	ADJ
faba-261	23	12	analysis	analysis	NOUN
faba-261	23	13	of	of	ADP
faba-261	23	14	its	its	PRON
faba-261	23	15	kind	kind	NOUN
faba-261	23	16	conducted	conduct	VERB
faba-261	23	17	in	in	ADP
faba-261	23	18	kenya	kenya	NOUN
faba-261	23	19	,	,	PUNCT
faba-261	23	20	and	and	CCONJ
faba-261	23	21	it	it	PRON
faba-261	23	22	is	be	AUX
faba-261	23	23	unique	unique	ADJ
faba-261	23	24	since	since	SCONJ
faba-261	23	25	it	it	PRON
faba-261	23	26	employs	employ	VERB
faba-261	23	27	an	an	DET
faba-261	23	28	advanced	advanced	ADJ
faba-261	23	29	estimation	estimation	NOUN
faba-261	23	30	procedure	procedure	NOUN
faba-261	23	31	that	that	PRON
faba-261	23	32	takes	take	VERB
faba-261	23	33	into	into	ADP
faba-261	23	34	account	account	NOUN
faba-261	23	35	the	the	DET
faba-261	23	36	asymmetrical	asymmetrical	ADJ
faba-261	23	37	characteristics	characteristic	NOUN
faba-261	23	38	of	of	ADP
faba-261	23	39	lending	lend	VERB
faba-261	23	40	interest	interest	NOUN
faba-261	23	41	rates	rate	NOUN
faba-261	23	42	.	.	PUNCT
faba-261	24	1	therefore	therefore	ADV
faba-261	24	2	,	,	PUNCT
faba-261	24	3	the	the	DET
faba-261	24	4	primary	primary	ADJ
faba-261	24	5	goals	goal	NOUN
faba-261	24	6	of	of	ADP
faba-261	24	7	this	this	DET
faba-261	24	8	study	study	NOUN
faba-261	24	9	are	be	AUX
faba-261	24	10	to	to	PART
faba-261	24	11	complement	complement	VERB
faba-261	24	12	previous	previous	ADJ
faba-261	24	13	growth	growth	NOUN
faba-261	24	14	research	research	NOUN
faba-261	24	15	on	on	ADP
faba-261	24	16	kenya	kenya	PROPN
faba-261	24	17	and	and	CCONJ
faba-261	24	18	to	to	PART
faba-261	24	19	support	support	VERB
faba-261	24	20	ongoing	ongoing	ADJ
faba-261	24	21	reforms	reform	NOUN
faba-261	24	22	in	in	ADP
faba-261	24	23	the	the	DET
faba-261	24	24	areas	area	NOUN
faba-261	24	25	of	of	ADP
faba-261	24	26	monetary	monetary	ADJ
faba-261	24	27	,	,	PUNCT
faba-261	24	28	economic	economic	ADJ
faba-261	24	29	,	,	PUNCT
faba-261	24	30	and	and	CCONJ
faba-261	24	31	financial	financial	ADJ
faba-261	24	32	policy	policy	NOUN
faba-261	24	33	.	.	PUNCT
faba-261	25	1	these	these	DET
faba-261	25	2	reforms	reform	NOUN
faba-261	25	3	are	be	AUX
faba-261	25	4	essential	essential	ADJ
faba-261	25	5	to	to	ADP
faba-261	25	6	preserving	preserve	VERB
faba-261	25	7	macroeconomic	macroeconomic	ADJ
faba-261	25	8	stability	stability	NOUN
faba-261	25	9	,	,	PUNCT
faba-261	25	10	preserving	preserve	VERB
faba-261	25	11	debt	debt	NOUN
faba-261	25	12	sustainability	sustainability	NOUN
faba-261	25	13	,	,	PUNCT
faba-261	25	14	strengthening	strengthen	VERB
faba-261	25	15	market	market	NOUN
faba-261	25	16	confidence	confidence	NOUN
faba-261	25	17	,	,	PUNCT
faba-261	25	18	and	and	CCONJ
faba-261	25	19	enhancing	enhance	VERB
faba-261	25	20	the	the	DET
faba-261	25	21	achievement	achievement	NOUN
faba-261	25	22	of	of	ADP
faba-261	25	23	kenya	kenya	PROPN
faba-261	25	24	's	's	PART
faba-261	25	25	medium	medium	ADJ
faba-261	25	26	-	-	PUNCT
faba-261	25	27	term	term	NOUN
faba-261	25	28	growth	growth	NOUN
faba-261	25	29	prospects	prospect	NOUN
faba-261	25	30	(	(	PUNCT
faba-261	25	31	international	international	ADJ
faba-261	25	32	monetary	monetary	ADJ
faba-261	25	33	fund	fund	PROPN
faba-261	25	34	/	/	SYM
faba-261	25	35	imf	imf	PROPN
faba-261	25	36	2024	2024	NUM
faba-261	25	37	;	;	PUNCT
faba-261	25	38	odhiambo	odhiambo	X
faba-261	25	39	and	and	CCONJ
faba-261	25	40	saungweme	saungweme	NOUN
faba-261	25	41	2023a	2023a	NUM
faba-261	25	42	;	;	PUNCT
faba-261	25	43	saungweme	saungweme	NOUN
faba-261	25	44	and	and	CCONJ
faba-261	25	45	odhiambo	odhiambo	ADJ
faba-261	25	46	2021	2021	NUM
faba-261	25	47	)	)	PUNCT
faba-261	25	48	.	.	PUNCT
faba-261	26	1	in	in	ADP
faba-261	26	2	addition	addition	NOUN
faba-261	26	3	,	,	PUNCT
faba-261	26	4	kenya	kenya	PROPN
faba-261	26	5	’s	’s	PART
faba-261	26	6	economy	economy	NOUN
faba-261	26	7	faces	face	VERB
faba-261	26	8	unique	unique	ADJ
faba-261	26	9	structural	structural	ADJ
faba-261	26	10	challenges	challenge	NOUN
faba-261	26	11	and	and	CCONJ
faba-261	26	12	external	external	ADJ
faba-261	26	13	shocks	shock	NOUN
faba-261	26	14	,	,	PUNCT
faba-261	26	15	such	such	ADJ
faba-261	26	16	as	as	ADP
faba-261	26	17	fluctuating	fluctuate	VERB
faba-261	26	18	global	global	ADJ
faba-261	26	19	interest	interest	NOUN
faba-261	26	20	rates	rate	NOUN
faba-261	26	21	and	and	CCONJ
faba-261	26	22	capital	capital	NOUN
faba-261	26	23	flows	flow	NOUN
faba-261	26	24	(	(	PUNCT
faba-261	26	25	imf	imf	PROPN
faba-261	26	26	2024	2024	NUM
faba-261	26	27	)	)	PUNCT
faba-261	26	28	.	.	PUNCT
faba-261	27	1	therefore	therefore	ADV
faba-261	27	2	,	,	PUNCT
faba-261	27	3	understanding	understand	VERB
faba-261	27	4	how	how	SCONJ
faba-261	27	5	interest	interest	NOUN
faba-261	27	6	rate	rate	NOUN
faba-261	27	7	fluctuations	fluctuation	NOUN
faba-261	27	8	affect	affect	VERB
faba-261	27	9	growth	growth	NOUN
faba-261	27	10	can	can	AUX
faba-261	27	11	provide	provide	VERB
faba-261	27	12	insights	insight	NOUN
faba-261	27	13	into	into	ADP
faba-261	27	14	optimal	optimal	ADJ
faba-261	27	15	policy	policy	NOUN
faba-261	27	16	decisions	decision	NOUN
faba-261	27	17	for	for	ADP
faba-261	27	18	sustainable	sustainable	ADJ
faba-261	27	19	development	development	NOUN
faba-261	27	20	.	.	PUNCT
faba-261	28	1	from	from	ADP
faba-261	28	2	a	a	DET
faba-261	28	3	theoretical	theoretical	ADJ
faba-261	28	4	standpoint	standpoint	NOUN
faba-261	28	5	,	,	PUNCT
faba-261	28	6	there	there	PRON
faba-261	28	7	are	be	VERB
faba-261	28	8	multiple	multiple	ADJ
faba-261	28	9	opposing	oppose	VERB
faba-261	28	10	hypotheses	hypothesis	NOUN
faba-261	28	11	about	about	ADP
faba-261	28	12	the	the	DET
faba-261	28	13	relationship	relationship	NOUN
faba-261	28	14	between	between	ADP
faba-261	28	15	interest	interest	NOUN
faba-261	28	16	rates	rate	NOUN
faba-261	28	17	and	and	CCONJ
faba-261	28	18	economic	economic	ADJ
faba-261	28	19	growth	growth	NOUN
faba-261	28	20	.	.	PUNCT
faba-261	29	1	the	the	DET
faba-261	29	2	first	first	ADJ
faba-261	29	3	is	be	AUX
faba-261	29	4	a	a	DET
faba-261	29	5	cogent	cogent	ADJ
faba-261	29	6	explanation	explanation	NOUN
faba-261	29	7	of	of	ADP
faba-261	29	8	the	the	DET
faba-261	29	9	boom	boom	NOUN
faba-261	29	10	-	-	PUNCT
faba-261	29	11	bust	bust	NOUN
faba-261	29	12	pattern	pattern	NOUN
faba-261	29	13	offered	offer	VERB
faba-261	29	14	by	by	ADP
faba-261	29	15	the	the	DET
faba-261	29	16	austrian	austrian	ADJ
faba-261	29	17	school	school	NOUN
faba-261	29	18	of	of	ADP
faba-261	29	19	economic	economic	ADJ
faba-261	29	20	thought	thought	NOUN
faba-261	29	21	.	.	PUNCT
faba-261	30	1	that	that	PRON
faba-261	30	2	is	be	AUX
faba-261	30	3	,	,	PUNCT
faba-261	30	4	low	low	ADJ
faba-261	30	5	interest	interest	NOUN
faba-261	30	6	rates	rate	NOUN
faba-261	30	7	from	from	ADP
faba-261	30	8	the	the	DET
faba-261	30	9	central	central	ADJ
faba-261	30	10	bank	bank	NOUN
faba-261	30	11	would	would	AUX
faba-261	30	12	encourage	encourage	VERB
faba-261	30	13	investment	investment	NOUN
faba-261	30	14	bubbles	bubble	NOUN
faba-261	30	15	,	,	PUNCT
faba-261	30	16	which	which	PRON
faba-261	30	17	would	would	AUX
faba-261	30	18	then	then	ADV
faba-261	30	19	lead	lead	VERB
faba-261	30	20	to	to	ADP
faba-261	30	21	a	a	DET
faba-261	30	22	burst	burst	NOUN
faba-261	30	23	in	in	ADP
faba-261	30	24	asset	asset	NOUN
faba-261	30	25	prices	price	NOUN
faba-261	30	26	,	,	PUNCT
faba-261	30	27	a	a	DET
faba-261	30	28	financial	financial	ADJ
faba-261	30	29	crisis	crisis	NOUN
faba-261	30	30	,	,	PUNCT
faba-261	30	31	and	and	CCONJ
faba-261	30	32	a	a	DET
faba-261	30	33	severe	severe	ADJ
faba-261	30	34	recession	recession	NOUN
faba-261	30	35	(	(	PUNCT
faba-261	30	36	foldvary	foldvary	NOUN
faba-261	30	37	2015	2015	NUM
faba-261	30	38	)	)	PUNCT
faba-261	30	39	.	.	PUNCT
faba-261	31	1	the	the	DET
faba-261	31	2	rate	rate	NOUN
faba-261	31	3	of	of	ADP
faba-261	31	4	interest	interest	NOUN
faba-261	31	5	is	be	AUX
faba-261	31	6	interpreted	interpret	VERB
faba-261	31	7	by	by	ADP
faba-261	31	8	the	the	DET
faba-261	31	9	austrian	austrian	ADJ
faba-261	31	10	school	school	NOUN
faba-261	31	11	as	as	ADP
faba-261	31	12	reflecting	reflect	VERB
faba-261	31	13	a	a	DET
faba-261	31	14	methodical	methodical	ADJ
faba-261	31	15	discounting	discounting	NOUN
faba-261	31	16	of	of	ADP
faba-261	31	17	future	future	ADJ
faba-261	31	18	values	value	NOUN
faba-261	31	19	.	.	PUNCT
faba-261	32	1	the	the	DET
faba-261	32	2	austrian	austrian	ADJ
faba-261	32	3	hypothesis	hypothesis	NOUN
faba-261	32	4	states	state	VERB
faba-261	32	5	that	that	SCONJ
faba-261	32	6	the	the	DET
faba-261	32	7	relationship	relationship	NOUN
faba-261	32	8	between	between	ADP
faba-261	32	9	interest	interest	NOUN
faba-261	32	10	rates	rate	NOUN
faba-261	32	11	and	and	CCONJ
faba-261	32	12	economic	economic	ADJ
faba-261	32	13	growth	growth	NOUN
faba-261	32	14	typically	typically	ADV
faba-261	32	15	revolves	revolve	VERB
faba-261	32	16	around	around	ADP
faba-261	32	17	the	the	DET
faba-261	32	18	time	time	NOUN
faba-261	32	19	preference	preference	NOUN
faba-261	32	20	issue	issue	NOUN
faba-261	32	21	.	.	PUNCT
faba-261	33	1	for	for	ADP
faba-261	33	2	example	example	NOUN
faba-261	33	3	,	,	PUNCT
faba-261	33	4	increased	increase	VERB
faba-261	33	5	productivity	productivity	NOUN
faba-261	33	6	could	could	AUX
faba-261	33	7	encourage	encourage	VERB
faba-261	33	8	people	people	NOUN
faba-261	33	9	to	to	PART
faba-261	33	10	invest	invest	VERB
faba-261	33	11	more	more	ADV
faba-261	33	12	now	now	ADV
faba-261	33	13	,	,	PUNCT
faba-261	33	14	making	make	VERB
faba-261	33	15	present	present	ADJ
faba-261	33	16	-	-	PUNCT
faba-261	33	17	day	day	NOUN
faba-261	33	18	investing	invest	VERB
faba-261	33	19	more	more	ADV
faba-261	33	20	preferred	preferred	ADJ
faba-261	33	21	over	over	ADP
faba-261	33	22	future	future	ADJ
faba-261	33	23	investment	investment	NOUN
faba-261	33	24	(	(	PUNCT
faba-261	33	25	holmes	holmes	PROPN
faba-261	33	26	2011	2011	NUM
faba-261	33	27	)	)	PUNCT
faba-261	33	28	.	.	PUNCT
faba-261	34	1	furthermore	furthermore	ADV
faba-261	34	2	,	,	PUNCT
faba-261	34	3	the	the	DET
faba-261	34	4	market	market	NOUN
faba-261	34	5	for	for	ADP
faba-261	34	6	loanable	loanable	ADJ
faba-261	34	7	funds	fund	NOUN
faba-261	34	8	—	—	PUNCT
faba-261	34	9	funds	fund	NOUN
faba-261	34	10	that	that	PRON
faba-261	34	11	are	be	AUX
faba-261	34	12	accessible	accessible	ADJ
faba-261	34	13	for	for	ADP
faba-261	34	14	borrowing	borrowing	NOUN
faba-261	34	15	—	—	PUNCT
faba-261	34	16	determines	determine	VERB
faba-261	34	17	the	the	DET
faba-261	34	18	interest	interest	NOUN
faba-261	34	19	rate	rate	NOUN
faba-261	34	20	(	(	PUNCT
faba-261	34	21	foldvary	foldvary	NOUN
faba-261	34	22	2015	2015	NUM
faba-261	34	23	)	)	PUNCT
faba-261	34	24	.	.	PUNCT
faba-261	35	1	borrowers	borrower	NOUN
faba-261	35	2	will	will	AUX
faba-261	35	3	be	be	AUX
faba-261	35	4	able	able	ADJ
faba-261	35	5	to	to	PART
faba-261	35	6	access	access	VERB
faba-261	35	7	more	more	ADJ
faba-261	35	8	funding	funding	NOUN
faba-261	35	9	for	for	ADP
faba-261	35	10	consumption	consumption	NOUN
faba-261	35	11	and	and	CCONJ
faba-261	35	12	investment	investment	NOUN
faba-261	35	13	at	at	ADP
faba-261	35	14	reduced	reduce	VERB
faba-261	35	15	interest	interest	NOUN
faba-261	35	16	rates	rate	NOUN
faba-261	35	17	.	.	PUNCT
faba-261	36	1	in	in	ADP
faba-261	36	2	general	general	ADJ
faba-261	36	3	,	,	PUNCT
faba-261	36	4	austrian	austrian	ADJ
faba-261	36	5	economics	economic	NOUN
faba-261	36	6	holds	hold	VERB
faba-261	36	7	that	that	SCONJ
faba-261	36	8	a	a	DET
faba-261	36	9	central	central	ADJ
faba-261	36	10	bank	bank	NOUN
faba-261	36	11	's	's	PART
faba-261	36	12	manipulation	manipulation	NOUN
faba-261	36	13	of	of	ADP
faba-261	36	14	money	money	NOUN
faba-261	36	15	and	and	CCONJ
faba-261	36	16	interest	interest	NOUN
faba-261	36	17	rates	rate	NOUN
faba-261	36	18	is	be	AUX
faba-261	36	19	what	what	PRON
faba-261	36	20	causes	cause	VERB
faba-261	36	21	recessions	recession	NOUN
faba-261	36	22	;	;	PUNCT
faba-261	36	23	the	the	DET
faba-261	36	24	best	good	ADJ
faba-261	36	25	way	way	NOUN
faba-261	36	26	to	to	PART
faba-261	36	27	prevent	prevent	VERB
faba-261	36	28	these	these	DET
faba-261	36	29	controls	control	NOUN
faba-261	36	30	is	be	AUX
faba-261	36	31	to	to	PART
faba-261	36	32	let	let	VERB
faba-261	36	33	the	the	DET
faba-261	36	34	money	money	NOUN
faba-261	36	35	supply	supply	NOUN
faba-261	36	36	and	and	CCONJ
faba-261	36	37	interest	interest	NOUN
faba-261	36	38	rates	rate	NOUN
faba-261	36	39	be	be	AUX
faba-261	36	40	determined	determine	VERB
faba-261	36	41	by	by	ADP
faba-261	36	42	free	free	ADJ
faba-261	36	43	market	market	NOUN
faba-261	36	44	forces	force	NOUN
faba-261	36	45	in	in	ADP
faba-261	36	46	money	money	NOUN
faba-261	36	47	and	and	CCONJ
faba-261	36	48	banking	banking	NOUN
faba-261	36	49	.	.	PUNCT
faba-261	37	1	keynesian	keynesian	ADJ
faba-261	37	2	theory	theory	NOUN
faba-261	37	3	comes	come	VERB
faba-261	37	4	second	second	ADV
faba-261	37	5	.	.	PUNCT
faba-261	38	1	keynes	keynes	PROPN
faba-261	38	2	'	'	PART
faba-261	38	3	approach	approach	NOUN
faba-261	38	4	to	to	ADP
faba-261	38	5	interest	interest	NOUN
faba-261	38	6	rate	rate	NOUN
faba-261	38	7	dynamics	dynamic	NOUN
faba-261	38	8	is	be	AUX
faba-261	38	9	in	in	ADP
faba-261	38	10	contradistinction	contradistinction	NOUN
faba-261	38	11	with	with	ADP
faba-261	38	12	loanable	loanable	ADJ
faba-261	38	13	funds	fund	NOUN
faba-261	38	14	theory	theory	NOUN
faba-261	38	15	.	.	PUNCT
faba-261	39	1	for	for	ADP
faba-261	39	2	keynes	keyne	NOUN
faba-261	39	3	,	,	PUNCT
faba-261	39	4	interest	interest	NOUN
faba-261	39	5	rate	rate	NOUN
faba-261	39	6	dynamics	dynamic	NOUN
faba-261	39	7	is	be	AUX
faba-261	39	8	based	base	VERB
faba-261	39	9	on	on	ADP
faba-261	39	10	his	his	PRON
faba-261	39	11	conception	conception	NOUN
faba-261	39	12	of	of	ADP
faba-261	39	13	ontological	ontological	ADJ
faba-261	39	14	uncertainty	uncertainty	NOUN
faba-261	39	15	,	,	PUNCT
faba-261	39	16	liquidity	liquidity	NOUN
faba-261	39	17	preference	preference	NOUN
faba-261	39	18	,	,	PUNCT
faba-261	39	19	investors	investor	NOUN
faba-261	39	20	’	’	PART
faba-261	39	21	expectations	expectation	NOUN
faba-261	39	22	and	and	CCONJ
faba-261	39	23	animal	animal	NOUN
faba-261	39	24	spirits	spirit	NOUN
faba-261	39	25	,	,	PUNCT
faba-261	39	26	financial	financial	ADJ
faba-261	39	27	institutions	institution	NOUN
faba-261	39	28	,	,	PUNCT
faba-261	39	29	financial	financial	ADJ
faba-261	39	30	markets	market	NOUN
faba-261	39	31	,	,	PUNCT
faba-261	39	32	and	and	CCONJ
faba-261	39	33	institutional	institutional	ADJ
faba-261	39	34	practices	practice	NOUN
faba-261	39	35	(	(	PUNCT
faba-261	39	36	akram	akram	NOUN
faba-261	39	37	2021	2021	NUM
faba-261	39	38	)	)	PUNCT
faba-261	39	39	.	.	PUNCT
faba-261	40	1	according	accord	VERB
faba-261	40	2	to	to	ADP
faba-261	40	3	keynes	keynes	PROPN
faba-261	40	4	,	,	PUNCT
faba-261	40	5	the	the	DET
faba-261	40	6	short	short	ADJ
faba-261	40	7	-	-	PUNCT
faba-261	40	8	term	term	NOUN
faba-261	40	9	interest	interest	NOUN
faba-261	40	10	rate	rate	NOUN
faba-261	40	11	is	be	AUX
faba-261	40	12	determined	determine	VERB
faba-261	40	13	by	by	ADP
faba-261	40	14	the	the	DET
faba-261	40	15	central	central	PROPN
faba-261	40	16	bank	bank	NOUN
faba-261	40	17	's	's	PART
faba-261	40	18	policy	policy	NOUN
faba-261	40	19	rate	rate	NOUN
faba-261	40	20	,	,	PUNCT
faba-261	40	21	which	which	PRON
faba-261	40	22	then	then	ADV
faba-261	40	23	affects	affect	VERB
faba-261	40	24	the	the	DET
faba-261	40	25	long	long	ADJ
faba-261	40	26	-	-	PUNCT
faba-261	40	27	term	term	NOUN
faba-261	40	28	interest	interest	NOUN
faba-261	40	29	rate	rate	NOUN
faba-261	40	30	(	(	PUNCT
faba-261	40	31	akram	akram	NOUN
faba-261	40	32	2021	2021	NUM
faba-261	40	33	)	)	PUNCT
faba-261	40	34	.	.	PUNCT
faba-261	41	1	these	these	DET
faba-261	41	2	long	long	ADJ
faba-261	41	3	-	-	PUNCT
faba-261	41	4	term	term	NOUN
faba-261	41	5	interest	interest	NOUN
faba-261	41	6	rates	rate	NOUN
faba-261	41	7	then	then	ADV
faba-261	41	8	influence	influence	VERB
faba-261	41	9	investment	investment	NOUN
faba-261	41	10	,	,	PUNCT
faba-261	41	11	saving	saving	NOUN
faba-261	41	12	and	and	CCONJ
faba-261	41	13	consumption	consumption	NOUN
faba-261	41	14	decisions	decision	NOUN
faba-261	41	15	in	in	ADP
faba-261	41	16	the	the	DET
faba-261	41	17	economy	economy	NOUN
faba-261	41	18	.	.	PUNCT
faba-261	42	1	the	the	DET
faba-261	42	2	mckinnon	mckinnon	PROPN
faba-261	42	3	-	-	PROPN
faba-261	42	4	shaw	shaw	PROPN
faba-261	42	5	hypothesis	hypothesis	NOUN
faba-261	42	6	comes	come	VERB
faba-261	42	7	in	in	ADP
faba-261	42	8	third	third	ADV
faba-261	42	9	.	.	PUNCT
faba-261	43	1	in	in	ADP
faba-261	43	2	their	their	PRON
faba-261	43	3	original	original	ADJ
faba-261	43	4	individual	individual	ADJ
faba-261	43	5	works	work	NOUN
faba-261	43	6	,	,	PUNCT
faba-261	43	7	they	they	PRON
faba-261	43	8	contended	contend	VERB
faba-261	43	9	that	that	SCONJ
faba-261	43	10	financial	financial	ADJ
faba-261	43	11	policies	policy	NOUN
faba-261	43	12	in	in	ADP
faba-261	43	13	developing	develop	VERB
faba-261	43	14	and	and	CCONJ
faba-261	43	15	emerging	emerge	VERB
faba-261	43	16	economies	economy	NOUN
faba-261	43	17	,	,	PUNCT
faba-261	43	18	including	include	VERB
faba-261	43	19	low	low	ADJ
faba-261	43	20	and	and	CCONJ
faba-261	43	21	restricted	restricted	ADJ
faba-261	43	22	interest	interest	NOUN
faba-261	43	23	rates	rate	NOUN
faba-261	43	24	and	and	CCONJ
faba-261	43	25	restrictive	restrictive	ADJ
faba-261	43	26	credit	credit	NOUN
faba-261	43	27	management	management	NOUN
faba-261	43	28	,	,	PUNCT
faba-261	43	29	among	among	ADP
faba-261	43	30	other	other	ADJ
faba-261	43	31	financial	financial	ADJ
faba-261	43	32	repression	repression	NOUN
faba-261	43	33	acts	act	NOUN
faba-261	43	34	,	,	PUNCT
faba-261	43	35	result	result	VERB
faba-261	43	36	in	in	ADP
faba-261	43	37	a	a	DET
faba-261	43	38	decrease	decrease	NOUN
faba-261	43	39	in	in	ADP
faba-261	43	40	savings	saving	NOUN
faba-261	43	41	,	,	PUNCT
faba-261	43	42	investment	investment	NOUN
faba-261	43	43	and	and	CCONJ
faba-261	43	44	economic	economic	ADJ
faba-261	43	45	growth	growth	NOUN
faba-261	43	46	(	(	PUNCT
faba-261	43	47	wilson	wilson	PROPN
faba-261	43	48	and	and	CCONJ
faba-261	43	49	odhiambo	odhiambo	ADJ
faba-261	43	50	2023	2023	NUM
faba-261	43	51	)	)	PUNCT
faba-261	43	52	.	.	PUNCT
faba-261	44	1	mckinnon	mckinnon	PROPN
faba-261	44	2	(	(	PUNCT
faba-261	44	3	1973	1973	NUM
faba-261	44	4	)	)	PUNCT
faba-261	44	5	studied	study	VERB
faba-261	44	6	an	an	DET
faba-261	44	7	economy	economy	NOUN
faba-261	44	8	in	in	ADP
faba-261	44	9	which	which	PRON
faba-261	44	10	the	the	DET
faba-261	44	11	vast	vast	ADJ
faba-261	44	12	majority	majority	NOUN
faba-261	44	13	of	of	ADP
faba-261	44	14	investors	investor	NOUN
faba-261	44	15	had	have	VERB
faba-261	44	16	very	very	ADV
faba-261	44	17	limited	limited	ADJ
faba-261	44	18	access	access	NOUN
faba-261	44	19	to	to	ADP
faba-261	44	20	external	external	ADJ
faba-261	44	21	financing	financing	NOUN
faba-261	44	22	.	.	PUNCT
faba-261	45	1	in	in	ADP
faba-261	45	2	his	his	PRON
faba-261	45	3	view	view	NOUN
faba-261	45	4	,	,	PUNCT
faba-261	45	5	savers	saver	NOUN
faba-261	45	6	may	may	AUX
faba-261	45	7	find	find	VERB
faba-261	45	8	it	it	PRON
faba-261	45	9	more	more	ADV
faba-261	45	10	convenient	convenient	ADJ
faba-261	45	11	to	to	PART
faba-261	45	12	build	build	VERB
faba-261	45	13	up	up	ADP
faba-261	45	14	their	their	PRON
faba-261	45	15	money	money	NOUN
faba-261	45	16	in	in	ADP
faba-261	45	17	financial	financial	ADJ
faba-261	45	18	assets	asset	NOUN
faba-261	45	19	until	until	SCONJ
faba-261	45	20	they	they	PRON
faba-261	45	21	have	have	VERB
faba-261	45	22	sufficient	sufficient	ADJ
faba-261	45	23	funds	fund	NOUN
faba-261	45	24	to	to	PART
faba-261	45	25	invest	invest	VERB
faba-261	45	26	t.	t.	PROPN
faba-261	45	27	saungweme	saungweme	PROPN
faba-261	45	28	,	,	PUNCT
faba-261	45	29	g.	g.	PROPN
faba-261	45	30	maluleke	maluleke	PROPN
faba-261	45	31	,	,	PUNCT
faba-261	45	32	n.	n.	PROPN
faba-261	45	33	odhiambo	odhiambo	X
faba-261	45	34	/	/	SYM
faba-261	45	35	finance	finance	NOUN
faba-261	45	36	,	,	PUNCT
faba-261	45	37	accounting	accounting	NOUN
faba-261	45	38	and	and	CCONJ
faba-261	45	39	business	business	NOUN
faba-261	45	40	analysis	analysis	NOUN
faba-261	45	41	,	,	PUNCT
faba-261	45	42	volume	volume	NOUN
faba-261	45	43	7	7	NUM
faba-261	45	44	,	,	PUNCT
faba-261	45	45	issue	issue	NOUN
faba-261	45	46	1	1	NUM
faba-261	45	47	,	,	PUNCT
faba-261	45	48	2025	2025	NUM
faba-261	45	49	71	71	NUM
faba-261	45	50	in	in	ADP
faba-261	45	51	higher	higher	ADV
faba-261	45	52	-	-	PUNCT
faba-261	45	53	yielding	yield	VERB
faba-261	45	54	physical	physical	ADJ
faba-261	45	55	assets	asset	NOUN
faba-261	45	56	(	(	PUNCT
faba-261	45	57	leshoro	leshoro	NOUN
faba-261	45	58	and	and	CCONJ
faba-261	45	59	wabiga	wabiga	ADJ
faba-261	45	60	2023	2023	NUM
faba-261	45	61	)	)	PUNCT
faba-261	45	62	.	.	PUNCT
faba-261	46	1	thus	thus	ADV
faba-261	46	2	,	,	PUNCT
faba-261	46	3	deposits	deposit	NOUN
faba-261	46	4	can	can	AUX
faba-261	46	5	act	act	VERB
faba-261	46	6	as	as	ADP
faba-261	46	7	a	a	DET
faba-261	46	8	channel	channel	NOUN
faba-261	46	9	for	for	ADP
faba-261	46	10	the	the	DET
faba-261	46	11	accumulation	accumulation	NOUN
faba-261	46	12	of	of	ADP
faba-261	46	13	capital	capital	NOUN
faba-261	46	14	,	,	PUNCT
faba-261	46	15	rendering	render	VERB
faba-261	46	16	deposits	deposit	NOUN
faba-261	46	17	and	and	CCONJ
faba-261	46	18	capital	capital	NOUN
faba-261	46	19	complementary	complementary	ADJ
faba-261	46	20	assets	asset	NOUN
faba-261	46	21	.	.	PUNCT
faba-261	47	1	the	the	DET
faba-261	47	2	availability	availability	NOUN
faba-261	47	3	of	of	ADP
faba-261	47	4	deposits	deposit	NOUN
faba-261	47	5	with	with	ADP
faba-261	47	6	positive	positive	ADJ
faba-261	47	7	real	real	ADJ
faba-261	47	8	rates	rate	NOUN
faba-261	47	9	of	of	ADP
faba-261	47	10	return	return	NOUN
faba-261	47	11	may	may	AUX
faba-261	47	12	thus	thus	ADV
faba-261	47	13	encourage	encourage	VERB
faba-261	47	14	both	both	DET
faba-261	47	15	saving	save	VERB
faba-261	47	16	and	and	CCONJ
faba-261	47	17	capital	capital	NOUN
faba-261	47	18	accumulation	accumulation	NOUN
faba-261	47	19	.	.	PUNCT
faba-261	48	1	in	in	ADP
faba-261	48	2	contrast	contrast	NOUN
faba-261	48	3	to	to	ADP
faba-261	48	4	mckinnon	mckinnon	PROPN
faba-261	48	5	,	,	PUNCT
faba-261	48	6	shaw	shaw	PROPN
faba-261	48	7	(	(	PUNCT
faba-261	48	8	1973	1973	NUM
faba-261	48	9	)	)	PUNCT
faba-261	48	10	focused	focus	VERB
faba-261	48	11	more	more	ADV
faba-261	48	12	on	on	ADP
faba-261	48	13	external	external	ADJ
faba-261	48	14	rather	rather	ADV
faba-261	48	15	than	than	ADP
faba-261	48	16	internal	internal	ADJ
faba-261	48	17	financing	financing	NOUN
faba-261	48	18	options	option	NOUN
faba-261	48	19	as	as	ADP
faba-261	48	20	a	a	DET
faba-261	48	21	fundamental	fundamental	ADJ
faba-261	48	22	constraint	constraint	NOUN
faba-261	48	23	to	to	ADP
faba-261	48	24	capital	capital	NOUN
faba-261	48	25	formation	formation	NOUN
faba-261	48	26	.	.	PUNCT
faba-261	49	1	shaw	shaw	PROPN
faba-261	49	2	also	also	ADV
faba-261	49	3	underlined	underline	VERB
faba-261	49	4	the	the	DET
faba-261	49	5	significance	significance	NOUN
faba-261	49	6	of	of	ADP
faba-261	49	7	positive	positive	ADJ
faba-261	49	8	real	real	ADJ
faba-261	49	9	deposit	deposit	NOUN
faba-261	49	10	rates	rate	NOUN
faba-261	49	11	as	as	ADP
faba-261	49	12	an	an	DET
faba-261	49	13	incentive	incentive	NOUN
faba-261	49	14	to	to	PART
faba-261	49	15	save	save	VERB
faba-261	49	16	in	in	ADP
faba-261	49	17	financially	financially	ADV
faba-261	49	18	depressed	depressed	ADJ
faba-261	49	19	economies	economy	NOUN
faba-261	49	20	.	.	PUNCT
faba-261	50	1	shaw	shaw	PROPN
faba-261	50	2	(	(	PUNCT
faba-261	50	3	1973	1973	NUM
faba-261	50	4	)	)	PUNCT
faba-261	50	5	emphasised	emphasise	VERB
faba-261	50	6	that	that	SCONJ
faba-261	50	7	high	high	ADJ
faba-261	50	8	deposit	deposit	NOUN
faba-261	50	9	rates	rate	NOUN
faba-261	50	10	might	might	AUX
faba-261	50	11	encourage	encourage	VERB
faba-261	50	12	investment	investment	NOUN
faba-261	50	13	spending	spending	NOUN
faba-261	50	14	by	by	ADP
faba-261	50	15	enabling	enable	VERB
faba-261	50	16	the	the	DET
faba-261	50	17	credit	credit	NOUN
faba-261	50	18	supply	supply	NOUN
faba-261	50	19	to	to	PART
faba-261	50	20	grow	grow	VERB
faba-261	50	21	in	in	ADP
faba-261	50	22	accordance	accordance	NOUN
faba-261	50	23	with	with	ADP
faba-261	50	24	the	the	DET
faba-261	50	25	financing	financing	NOUN
faba-261	50	26	requirements	requirement	NOUN
faba-261	50	27	of	of	ADP
faba-261	50	28	the	the	DET
faba-261	50	29	economy	economy	NOUN
faba-261	50	30	's	's	PART
faba-261	50	31	productive	productive	ADJ
faba-261	50	32	sectors	sector	NOUN
faba-261	50	33	(	(	PUNCT
faba-261	50	34	iddrisu	iddrisu	ADJ
faba-261	50	35	and	and	CCONJ
faba-261	50	36	alagidede	alagidede	VERB
faba-261	50	37	2020	2020	NUM
faba-261	50	38	)	)	PUNCT
faba-261	50	39	.	.	PUNCT
faba-261	51	1	thus	thus	ADV
faba-261	51	2	,	,	PUNCT
faba-261	51	3	mckinnon	mckinnon	PROPN
faba-261	51	4	(	(	PUNCT
faba-261	51	5	1973	1973	NUM
faba-261	51	6	)	)	PUNCT
faba-261	51	7	and	and	CCONJ
faba-261	51	8	shaw	shaw	PROPN
faba-261	51	9	(	(	PUNCT
faba-261	51	10	1973	1973	NUM
faba-261	51	11	)	)	PUNCT
faba-261	51	12	suggest	suggest	VERB
faba-261	51	13	that	that	SCONJ
faba-261	51	14	low	low	ADJ
faba-261	51	15	interest	interest	NOUN
faba-261	51	16	rates	rate	NOUN
faba-261	51	17	do	do	AUX
faba-261	51	18	not	not	PART
faba-261	51	19	really	really	ADV
faba-261	51	20	increase	increase	VERB
faba-261	51	21	investment	investment	NOUN
faba-261	51	22	and	and	CCONJ
faba-261	51	23	economic	economic	ADJ
faba-261	51	24	growth	growth	NOUN
faba-261	51	25	(	(	PUNCT
faba-261	51	26	owusu	owusu	PROPN
faba-261	51	27	2023	2023	NUM
faba-261	51	28	)	)	PUNCT
faba-261	51	29	.	.	PUNCT
faba-261	52	1	after	after	ADP
faba-261	52	2	analysing	analyse	VERB
faba-261	52	3	the	the	DET
faba-261	52	4	mckinnon	mckinnon	PROPN
faba-261	52	5	-	-	PUNCT
faba-261	52	6	shaw	shaw	NOUN
faba-261	52	7	arguments	argument	NOUN
faba-261	52	8	,	,	PUNCT
faba-261	52	9	mohlo	mohlo	NOUN
faba-261	52	10	(	(	PUNCT
faba-261	52	11	1986	1986	NUM
faba-261	52	12	)	)	PUNCT
faba-261	52	13	came	come	VERB
faba-261	52	14	to	to	ADP
faba-261	52	15	the	the	DET
faba-261	52	16	conclusion	conclusion	NOUN
faba-261	52	17	that	that	SCONJ
faba-261	52	18	deposits	deposit	NOUN
faba-261	52	19	and	and	CCONJ
faba-261	52	20	physical	physical	ADJ
faba-261	52	21	capital	capital	NOUN
faba-261	52	22	complement	complement	VERB
faba-261	52	23	each	each	DET
faba-261	52	24	other	other	ADJ
faba-261	52	25	in	in	ADP
faba-261	52	26	an	an	DET
faba-261	52	27	intertemporal	intertemporal	ADJ
faba-261	52	28	fashion	fashion	NOUN
faba-261	52	29	,	,	PUNCT
faba-261	52	30	with	with	ADP
faba-261	52	31	current	current	ADJ
faba-261	52	32	deposits	deposit	NOUN
faba-261	52	33	being	be	AUX
faba-261	52	34	used	use	VERB
faba-261	52	35	to	to	PART
faba-261	52	36	fund	fund	VERB
faba-261	52	37	future	future	ADJ
faba-261	52	38	investments	investment	NOUN
faba-261	52	39	.	.	PUNCT
faba-261	53	1	this	this	DET
faba-261	53	2	link	link	NOUN
faba-261	53	3	suggests	suggest	VERB
faba-261	53	4	that	that	SCONJ
faba-261	53	5	higher	high	ADJ
faba-261	53	6	deposit	deposit	NOUN
faba-261	53	7	rates	rate	NOUN
faba-261	53	8	inhibit	inhibit	VERB
faba-261	53	9	investment	investment	NOUN
faba-261	53	10	in	in	ADP
faba-261	53	11	the	the	DET
faba-261	53	12	short	short	ADJ
faba-261	53	13	run	run	NOUN
faba-261	53	14	but	but	CCONJ
faba-261	53	15	will	will	AUX
faba-261	53	16	eventually	eventually	ADV
faba-261	53	17	boost	boost	VERB
faba-261	53	18	it	it	PRON
faba-261	53	19	in	in	ADP
faba-261	53	20	the	the	DET
faba-261	53	21	long	long	ADJ
faba-261	53	22	run	run	NOUN
faba-261	53	23	.	.	PUNCT
faba-261	54	1	there	there	PRON
faba-261	54	2	is	be	VERB
faba-261	54	3	currently	currently	ADV
faba-261	54	4	little	little	ADJ
faba-261	54	5	but	but	CCONJ
faba-261	54	6	growing	grow	VERB
faba-261	54	7	empirical	empirical	ADJ
faba-261	54	8	research	research	NOUN
faba-261	54	9	on	on	ADP
faba-261	54	10	the	the	DET
faba-261	54	11	link	link	NOUN
faba-261	54	12	between	between	ADP
faba-261	54	13	interest	interest	NOUN
faba-261	54	14	rates	rate	NOUN
faba-261	54	15	and	and	CCONJ
faba-261	54	16	economic	economic	ADJ
faba-261	54	17	growth	growth	NOUN
faba-261	54	18	(	(	PUNCT
faba-261	54	19	leshoro	leshoro	INTJ
faba-261	54	20	and	and	CCONJ
faba-261	54	21	wabiga	wabiga	ADJ
faba-261	54	22	2023	2023	NUM
faba-261	54	23	;	;	PUNCT
faba-261	54	24	adabor	adabor	NOUN
faba-261	54	25	2022	2022	NUM
faba-261	54	26	)	)	PUNCT
faba-261	54	27	.	.	PUNCT
faba-261	55	1	first	first	ADV
faba-261	55	2	,	,	PUNCT
faba-261	55	3	leshoro	leshoro	NOUN
faba-261	55	4	and	and	CCONJ
faba-261	55	5	wabiga	wabiga	ADJ
faba-261	55	6	(	(	PUNCT
faba-261	55	7	2023	2023	NUM
faba-261	55	8	)	)	PUNCT
faba-261	55	9	looked	look	VERB
faba-261	55	10	at	at	ADP
faba-261	55	11	how	how	SCONJ
faba-261	55	12	both	both	CCONJ
faba-261	55	13	positive	positive	ADJ
faba-261	55	14	and	and	CCONJ
faba-261	55	15	negative	negative	ADJ
faba-261	55	16	interest	interest	NOUN
faba-261	55	17	rate	rate	NOUN
faba-261	55	18	shocks	shock	NOUN
faba-261	55	19	affect	affect	VERB
faba-261	55	20	private	private	ADJ
faba-261	55	21	investment	investment	NOUN
faba-261	55	22	in	in	ADP
faba-261	55	23	south	south	PROPN
faba-261	55	24	africa	africa	PROPN
faba-261	55	25	.	.	PUNCT
faba-261	56	1	the	the	DET
faba-261	56	2	study	study	NOUN
faba-261	56	3	employed	employ	VERB
faba-261	56	4	annual	annual	ADJ
faba-261	56	5	time	time	NOUN
faba-261	56	6	series	series	PROPN
faba-261	56	7	data	datum	NOUN
faba-261	56	8	from	from	ADP
faba-261	56	9	1971	1971	NUM
faba-261	56	10	to	to	ADP
faba-261	56	11	2019	2019	NUM
faba-261	56	12	and	and	CCONJ
faba-261	56	13	a	a	DET
faba-261	56	14	nonlinear	nonlinear	ADJ
faba-261	56	15	autoregressive	autoregressive	ADJ
faba-261	56	16	distributed	distribute	VERB
faba-261	56	17	lag	lag	NOUN
faba-261	56	18	technique	technique	NOUN
faba-261	56	19	.	.	PUNCT
faba-261	57	1	the	the	DET
faba-261	57	2	results	result	NOUN
faba-261	57	3	indicate	indicate	VERB
faba-261	57	4	that	that	SCONJ
faba-261	57	5	interest	interest	NOUN
faba-261	57	6	rates	rate	NOUN
faba-261	57	7	and	and	CCONJ
faba-261	57	8	private	private	ADJ
faba-261	57	9	investment	investment	NOUN
faba-261	57	10	exhibit	exhibit	VERB
faba-261	57	11	short	short	ADJ
faba-261	57	12	-	-	PUNCT
faba-261	57	13	run	run	VERB
faba-261	57	14	and	and	CCONJ
faba-261	57	15	long	long	ADV
faba-261	57	16	-	-	PUNCT
faba-261	57	17	run	run	VERB
faba-261	57	18	asymmetric	asymmetric	ADJ
faba-261	57	19	relationships	relationship	NOUN
faba-261	57	20	,	,	PUNCT
faba-261	57	21	with	with	ADP
faba-261	57	22	private	private	ADJ
faba-261	57	23	investment	investment	NOUN
faba-261	57	24	responding	respond	VERB
faba-261	57	25	differently	differently	ADV
faba-261	57	26	to	to	ADP
faba-261	57	27	negative	negative	ADJ
faba-261	57	28	and	and	CCONJ
faba-261	57	29	positive	positive	ADJ
faba-261	57	30	shocks	shock	NOUN
faba-261	57	31	in	in	ADP
faba-261	57	32	interest	interest	NOUN
faba-261	57	33	rates	rate	NOUN
faba-261	57	34	.	.	PUNCT
faba-261	58	1	second	second	ADJ
faba-261	58	2	,	,	PUNCT
faba-261	58	3	by	by	ADP
faba-261	58	4	applying	apply	VERB
faba-261	58	5	the	the	DET
faba-261	58	6	nardl	nardl	NOUN
faba-261	58	7	approach	approach	NOUN
faba-261	58	8	,	,	PUNCT
faba-261	58	9	adabor	adabor	NOUN
faba-261	58	10	(	(	PUNCT
faba-261	58	11	2022	2022	NUM
faba-261	58	12	)	)	PUNCT
faba-261	58	13	tested	test	VERB
faba-261	58	14	the	the	DET
faba-261	58	15	asymmetric	asymmetric	ADJ
faba-261	58	16	impact	impact	NOUN
faba-261	58	17	of	of	ADP
faba-261	58	18	lending	lend	VERB
faba-261	58	19	interest	interest	NOUN
faba-261	58	20	rates	rate	NOUN
faba-261	58	21	on	on	ADP
faba-261	58	22	economic	economic	ADJ
faba-261	58	23	growth	growth	NOUN
faba-261	58	24	in	in	ADP
faba-261	58	25	ghana	ghana	PROPN
faba-261	58	26	using	use	VERB
faba-261	58	27	yearly	yearly	ADJ
faba-261	58	28	time	time	NOUN
faba-261	58	29	series	series	PROPN
faba-261	58	30	data	datum	NOUN
faba-261	58	31	covering	cover	VERB
faba-261	58	32	the	the	DET
faba-261	58	33	period	period	NOUN
faba-261	58	34	of	of	ADP
faba-261	58	35	1970	1970	NUM
faba-261	58	36	to	to	ADP
faba-261	58	37	2019	2019	NUM
faba-261	58	38	.	.	PUNCT
faba-261	59	1	the	the	DET
faba-261	59	2	study	study	NOUN
faba-261	59	3	found	find	VERB
faba-261	59	4	evidence	evidence	NOUN
faba-261	59	5	of	of	ADP
faba-261	59	6	long	long	ADV
faba-261	59	7	-	-	PUNCT
faba-261	59	8	run	run	VERB
faba-261	59	9	and	and	CCONJ
faba-261	59	10	short	short	ADJ
faba-261	59	11	-	-	PUNCT
faba-261	59	12	run	run	VERB
faba-261	59	13	asymmetrical	asymmetrical	ADJ
faba-261	59	14	effects	effect	NOUN
faba-261	59	15	of	of	ADP
faba-261	59	16	lending	lending	NOUN
faba-261	59	17	on	on	ADP
faba-261	59	18	economic	economic	ADJ
faba-261	59	19	growth	growth	NOUN
faba-261	59	20	in	in	ADP
faba-261	59	21	ghana	ghana	PROPN
faba-261	59	22	.	.	PUNCT
faba-261	60	1	the	the	DET
faba-261	60	2	findings	finding	NOUN
faba-261	60	3	further	far	ADV
faba-261	60	4	show	show	VERB
faba-261	60	5	that	that	SCONJ
faba-261	60	6	positive	positive	ADJ
faba-261	60	7	changes	change	NOUN
faba-261	60	8	in	in	ADP
faba-261	60	9	lending	lending	NOUN
faba-261	60	10	rates	rate	NOUN
faba-261	60	11	generate	generate	VERB
faba-261	60	12	a	a	DET
faba-261	60	13	decrease	decrease	NOUN
faba-261	60	14	of	of	ADP
faba-261	60	15	nearly	nearly	ADV
faba-261	60	16	0.2	0.2	NUM
faba-261	60	17	%	%	NOUN
faba-261	60	18	in	in	ADP
faba-261	60	19	economic	economic	ADJ
faba-261	60	20	growth	growth	NOUN
faba-261	60	21	while	while	SCONJ
faba-261	60	22	negative	negative	ADJ
faba-261	60	23	changes	change	NOUN
faba-261	60	24	lead	lead	VERB
faba-261	60	25	to	to	ADP
faba-261	60	26	an	an	DET
faba-261	60	27	increase	increase	NOUN
faba-261	60	28	of	of	ADP
faba-261	60	29	about	about	ADV
faba-261	60	30	0.7	0.7	NUM
faba-261	60	31	%	%	NOUN
faba-261	60	32	in	in	ADP
faba-261	60	33	economic	economic	ADJ
faba-261	60	34	growth	growth	NOUN
faba-261	60	35	.	.	PUNCT
faba-261	61	1	other	other	ADJ
faba-261	61	2	non	non	ADJ
faba-261	61	3	-	-	ADJ
faba-261	61	4	asymmetric	asymmetric	ADJ
faba-261	61	5	studies	study	NOUN
faba-261	61	6	conducted	conduct	VERB
faba-261	61	7	on	on	ADP
faba-261	61	8	the	the	DET
faba-261	61	9	interest	interest	NOUN
faba-261	61	10	rate	rate	NOUN
faba-261	61	11	-	-	PUNCT
faba-261	61	12	growth	growth	NOUN
faba-261	61	13	linkage	linkage	NOUN
faba-261	61	14	include	include	VERB
faba-261	61	15	lee	lee	PROPN
faba-261	61	16	and	and	CCONJ
faba-261	61	17	werner	werner	PROPN
faba-261	61	18	(	(	PUNCT
faba-261	61	19	2023	2023	NUM
faba-261	61	20	)	)	PUNCT
faba-261	61	21	,	,	PUNCT
faba-261	61	22	shaukat	shaukat	PROPN
faba-261	61	23	et	et	PROPN
faba-261	61	24	al	al	PROPN
faba-261	61	25	.	.	PROPN
faba-261	62	1	(	(	PUNCT
faba-261	62	2	2019	2019	NUM
faba-261	62	3	)	)	PUNCT
faba-261	62	4	,	,	PUNCT
faba-261	62	5	awad	awad	PROPN
faba-261	62	6	and	and	CCONJ
faba-261	62	7	al	al	PROPN
faba-261	62	8	karaki	karaki	PROPN
faba-261	62	9	(	(	PUNCT
faba-261	62	10	2019	2019	NUM
faba-261	62	11	)	)	PUNCT
faba-261	62	12	.	.	PUNCT
faba-261	63	1	lee	lee	PROPN
faba-261	63	2	and	and	CCONJ
faba-261	63	3	werner	werner	PROPN
faba-261	63	4	(	(	PUNCT
faba-261	63	5	2023	2023	NUM
faba-261	63	6	)	)	PUNCT
faba-261	63	7	analysed	analyse	VERB
faba-261	63	8	the	the	DET
faba-261	63	9	impact	impact	NOUN
faba-261	63	10	of	of	ADP
faba-261	63	11	interest	interest	NOUN
faba-261	63	12	rates	rate	NOUN
faba-261	63	13	on	on	ADP
faba-261	63	14	economic	economic	ADJ
faba-261	63	15	growth	growth	NOUN
faba-261	63	16	in	in	ADP
faba-261	63	17	19	19	NUM
faba-261	63	18	industrialised	industrialised	ADJ
faba-261	63	19	and	and	CCONJ
faba-261	63	20	emerging	emerge	VERB
faba-261	63	21	economies	economy	NOUN
faba-261	63	22	.	.	PUNCT
faba-261	64	1	the	the	DET
faba-261	64	2	analysis	analysis	NOUN
faba-261	64	3	used	use	VERB
faba-261	64	4	a	a	DET
faba-261	64	5	timevarying	timevarye	VERB
faba-261	64	6	dynamic	dynamic	ADJ
faba-261	64	7	conditional	conditional	ADJ
faba-261	64	8	correlation	correlation	NOUN
faba-261	64	9	in	in	ADP
faba-261	64	10	a	a	DET
faba-261	64	11	garch	garch	NOUN
faba-261	64	12	model	model	NOUN
faba-261	64	13	and	and	CCONJ
faba-261	64	14	further	far	ADV
faba-261	64	15	tested	test	VERB
faba-261	64	16	the	the	DET
faba-261	64	17	direction	direction	NOUN
faba-261	64	18	of	of	ADP
faba-261	64	19	causation	causation	NOUN
faba-261	64	20	between	between	ADP
faba-261	64	21	the	the	DET
faba-261	64	22	two	two	NUM
faba-261	64	23	variables	variable	NOUN
faba-261	64	24	in	in	ADP
faba-261	64	25	the	the	DET
faba-261	64	26	studied	study	VERB
faba-261	64	27	economies	economy	NOUN
faba-261	64	28	.	.	PUNCT
faba-261	65	1	the	the	DET
faba-261	65	2	results	result	NOUN
faba-261	65	3	provide	provide	VERB
faba-261	65	4	evidence	evidence	NOUN
faba-261	65	5	consistent	consistent	ADJ
faba-261	65	6	with	with	ADP
faba-261	65	7	the	the	DET
faba-261	65	8	conclusion	conclusion	NOUN
faba-261	65	9	that	that	SCONJ
faba-261	65	10	lowering	lower	VERB
faba-261	65	11	interest	interest	NOUN
faba-261	65	12	rates	rate	NOUN
faba-261	65	13	is	be	AUX
faba-261	65	14	counterproductive	counterproductive	ADJ
faba-261	65	15	when	when	SCONJ
faba-261	65	16	trying	try	VERB
faba-261	65	17	to	to	PART
faba-261	65	18	stimulate	stimulate	VERB
faba-261	65	19	the	the	DET
faba-261	65	20	economy	economy	NOUN
faba-261	65	21	.	.	PUNCT
faba-261	66	1	awad	awad	PROPN
faba-261	66	2	and	and	CCONJ
faba-261	66	3	al	al	PROPN
faba-261	66	4	karaki	karaki	PROPN
faba-261	66	5	(	(	PUNCT
faba-261	66	6	2019	2019	NUM
faba-261	66	7	)	)	PUNCT
faba-261	66	8	examined	examine	VERB
faba-261	66	9	the	the	DET
faba-261	66	10	impact	impact	NOUN
faba-261	66	11	of	of	ADP
faba-261	66	12	bank	bank	NOUN
faba-261	66	13	lending	lending	NOUN
faba-261	66	14	on	on	ADP
faba-261	66	15	economic	economic	ADJ
faba-261	66	16	growth	growth	NOUN
faba-261	66	17	in	in	ADP
faba-261	66	18	palestine	palestine	PROPN
faba-261	66	19	using	use	VERB
faba-261	66	20	quarterly	quarterly	ADJ
faba-261	66	21	time	time	NOUN
faba-261	66	22	series	series	PROPN
faba-261	66	23	data	datum	NOUN
faba-261	66	24	for	for	ADP
faba-261	66	25	the	the	DET
faba-261	66	26	period	period	NOUN
faba-261	66	27	from	from	ADP
faba-261	66	28	1996	1996	NUM
faba-261	66	29	to	to	ADP
faba-261	66	30	2015	2015	NUM
faba-261	66	31	.	.	PUNCT
faba-261	67	1	the	the	DET
faba-261	67	2	study	study	NOUN
faba-261	67	3	employed	employ	VERB
faba-261	67	4	the	the	DET
faba-261	67	5	vector	vector	NOUN
faba-261	67	6	autoregressive	autoregressive	ADJ
faba-261	67	7	model	model	NOUN
faba-261	67	8	and	and	CCONJ
faba-261	67	9	vector	vector	NOUN
faba-261	67	10	error	error	NOUN
faba-261	67	11	correction	correction	NOUN
faba-261	67	12	model	model	NOUN
faba-261	67	13	,	,	PUNCT
faba-261	67	14	as	as	ADV
faba-261	67	15	well	well	ADV
faba-261	67	16	as	as	ADP
faba-261	67	17	the	the	DET
faba-261	67	18	granger	granger	PROPN
faba-261	67	19	causality	causality	PROPN
faba-261	67	20	test	test	NOUN
faba-261	67	21	to	to	PART
faba-261	67	22	test	test	VERB
faba-261	67	23	the	the	DET
faba-261	67	24	underlying	underlie	VERB
faba-261	67	25	relationships	relationship	NOUN
faba-261	67	26	.	.	PUNCT
faba-261	68	1	the	the	DET
faba-261	68	2	study	study	NOUN
faba-261	68	3	found	find	VERB
faba-261	68	4	that	that	SCONJ
faba-261	68	5	there	there	PRON
faba-261	68	6	was	be	VERB
faba-261	68	7	a	a	DET
faba-261	68	8	statistically	statistically	ADV
faba-261	68	9	insignificant	insignificant	ADJ
faba-261	68	10	relationship	relationship	NOUN
faba-261	68	11	between	between	ADP
faba-261	68	12	bank	bank	NOUN
faba-261	68	13	lending	lending	NOUN
faba-261	68	14	and	and	CCONJ
faba-261	68	15	economic	economic	ADJ
faba-261	68	16	growth	growth	NOUN
faba-261	68	17	.	.	PUNCT
faba-261	69	1	additionally	additionally	ADV
faba-261	69	2	,	,	PUNCT
faba-261	69	3	there	there	PRON
faba-261	69	4	is	be	VERB
faba-261	69	5	evidence	evidence	NOUN
faba-261	69	6	of	of	ADP
faba-261	69	7	unidirectional	unidirectional	ADJ
faba-261	69	8	causality	causality	NOUN
faba-261	69	9	that	that	PRON
faba-261	69	10	runs	run	VERB
faba-261	69	11	from	from	ADP
faba-261	69	12	economic	economic	ADJ
faba-261	69	13	growth	growth	NOUN
faba-261	69	14	to	to	ADP
faba-261	69	15	bank	bank	NOUN
faba-261	69	16	lending	lending	NOUN
faba-261	69	17	.	.	PUNCT
faba-261	70	1	shaukat	shaukat	PROPN
faba-261	70	2	et	et	PROPN
faba-261	70	3	al	al	PROPN
faba-261	70	4	.	.	PROPN
faba-261	71	1	(	(	PUNCT
faba-261	71	2	2019	2019	NUM
faba-261	71	3	)	)	PUNCT
faba-261	71	4	studied	study	VERB
faba-261	71	5	the	the	DET
faba-261	71	6	mechanism	mechanism	NOUN
faba-261	71	7	by	by	ADP
faba-261	71	8	which	which	PRON
faba-261	71	9	the	the	DET
faba-261	71	10	real	real	ADJ
faba-261	71	11	interest	interest	NOUN
faba-261	71	12	rate	rate	NOUN
faba-261	71	13	establishes	establish	VERB
faba-261	71	14	a	a	DET
faba-261	71	15	negative	negative	ADJ
faba-261	71	16	effect	effect	NOUN
faba-261	71	17	on	on	ADP
faba-261	71	18	economic	economic	ADJ
faba-261	71	19	growth	growth	NOUN
faba-261	71	20	in	in	ADP
faba-261	71	21	38	38	NUM
faba-261	71	22	transitory	transitory	ADJ
faba-261	71	23	economies	economy	NOUN
faba-261	71	24	.	.	PUNCT
faba-261	72	1	the	the	DET
faba-261	72	2	study	study	NOUN
faba-261	72	3	applied	apply	VERB
faba-261	72	4	a	a	DET
faba-261	72	5	dynamic	dynamic	ADJ
faba-261	72	6	panel	panel	NOUN
faba-261	72	7	data	datum	NOUN
faba-261	72	8	technique	technique	NOUN
faba-261	72	9	based	base	VERB
faba-261	72	10	on	on	ADP
faba-261	72	11	the	the	DET
faba-261	72	12	generalised	generalise	VERB
faba-261	72	13	method	method	NOUN
faba-261	72	14	of	of	ADP
faba-261	72	15	moments	moment	NOUN
faba-261	72	16	for	for	ADP
faba-261	72	17	the	the	DET
faba-261	72	18	period	period	NOUN
faba-261	72	19	1996	1996	NUM
faba-261	72	20	-	-	SYM
faba-261	72	21	2015	2015	NUM
faba-261	72	22	.	.	PUNCT
faba-261	73	1	the	the	DET
faba-261	73	2	study	study	NOUN
faba-261	73	3	found	find	VERB
faba-261	73	4	that	that	SCONJ
faba-261	73	5	during	during	ADP
faba-261	73	6	the	the	DET
faba-261	73	7	transition	transition	NOUN
faba-261	73	8	period	period	NOUN
faba-261	73	9	of	of	ADP
faba-261	73	10	developing	develop	VERB
faba-261	73	11	economies	economy	NOUN
faba-261	73	12	,	,	PUNCT
faba-261	73	13	a	a	DET
faba-261	73	14	high	high	ADJ
faba-261	73	15	real	real	ADJ
faba-261	73	16	interest	interest	NOUN
faba-261	73	17	rate	rate	NOUN
faba-261	73	18	restricts	restrict	VERB
faba-261	73	19	the	the	DET
faba-261	73	20	economy	economy	NOUN
faba-261	73	21	's	's	PART
faba-261	73	22	potential	potential	NOUN
faba-261	73	23	to	to	PART
faba-261	73	24	grow	grow	VERB
faba-261	73	25	.	.	PUNCT
faba-261	74	1	considering	consider	VERB
faba-261	74	2	the	the	DET
faba-261	74	3	aforementioned	aforementioned	ADJ
faba-261	74	4	theoretical	theoretical	ADJ
faba-261	74	5	stances	stance	NOUN
faba-261	74	6	and	and	CCONJ
faba-261	74	7	empirical	empirical	ADJ
faba-261	74	8	evidence	evidence	NOUN
faba-261	74	9	,	,	PUNCT
faba-261	74	10	the	the	DET
faba-261	74	11	goal	goal	NOUN
faba-261	74	12	of	of	ADP
faba-261	74	13	this	this	DET
faba-261	74	14	study	study	NOUN
faba-261	74	15	is	be	AUX
faba-261	74	16	to	to	PART
faba-261	74	17	empirically	empirically	ADV
faba-261	74	18	test	test	VERB
faba-261	74	19	the	the	DET
faba-261	74	20	interest	interest	NOUN
faba-261	74	21	rate	rate	NOUN
faba-261	74	22	-	-	PUNCT
faba-261	74	23	growth	growth	NOUN
faba-261	74	24	relationship	relationship	NOUN
faba-261	74	25	tailored	tailor	VERB
faba-261	74	26	to	to	ADP
faba-261	74	27	the	the	DET
faba-261	74	28	kenyan	kenyan	ADJ
faba-261	74	29	context	context	NOUN
faba-261	74	30	.	.	PUNCT
faba-261	75	1	the	the	DET
faba-261	75	2	remainder	remainder	NOUN
faba-261	75	3	of	of	ADP
faba-261	75	4	the	the	DET
faba-261	75	5	research	research	NOUN
faba-261	75	6	is	be	AUX
faba-261	75	7	arranged	arrange	VERB
faba-261	75	8	as	as	SCONJ
faba-261	75	9	follows	follow	VERB
faba-261	75	10	:	:	PUNCT
faba-261	75	11	section	section	NOUN
faba-261	75	12	2	2	NUM
faba-261	75	13	provides	provide	VERB
faba-261	75	14	an	an	DET
faba-261	75	15	overview	overview	NOUN
faba-261	75	16	of	of	ADP
faba-261	75	17	interest	interest	NOUN
faba-261	75	18	rates	rate	NOUN
faba-261	75	19	and	and	CCONJ
faba-261	75	20	economic	economic	ADJ
faba-261	75	21	growth	growth	NOUN
faba-261	75	22	trends	trend	NOUN
faba-261	75	23	in	in	ADP
faba-261	75	24	kenya	kenya	PROPN
faba-261	75	25	.	.	PUNCT
faba-261	76	1	data	data	PROPN
faba-261	76	2	,	,	PUNCT
faba-261	76	3	methodology	methodology	NOUN
faba-261	76	4	,	,	PUNCT
faba-261	76	5	and	and	CCONJ
faba-261	76	6	estimation	estimation	NOUN
faba-261	76	7	techniques	technique	NOUN
faba-261	76	8	are	be	AUX
faba-261	76	9	provided	provide	VERB
faba-261	76	10	in	in	ADP
faba-261	76	11	section	section	NOUN
faba-261	76	12	3	3	NUM
faba-261	76	13	.	.	PUNCT
faba-261	77	1	the	the	DET
faba-261	77	2	empirical	empirical	ADJ
faba-261	77	3	analysis	analysis	NOUN
faba-261	77	4	is	be	AUX
faba-261	77	5	presented	present	VERB
faba-261	77	6	in	in	ADP
faba-261	77	7	section	section	NOUN
faba-261	77	8	4	4	NUM
faba-261	77	9	,	,	PUNCT
faba-261	77	10	and	and	CCONJ
faba-261	77	11	the	the	DET
faba-261	77	12	main	main	ADJ
faba-261	77	13	conclusions	conclusion	NOUN
faba-261	77	14	and	and	CCONJ
faba-261	77	15	policy	policy	NOUN
faba-261	77	16	implications	implication	NOUN
faba-261	77	17	are	be	AUX
faba-261	77	18	summed	sum	VERB
faba-261	77	19	up	up	ADP
faba-261	77	20	in	in	ADP
faba-261	77	21	section	section	NOUN
faba-261	77	22	5	5	NUM
faba-261	77	23	.	.	PUNCT
faba-261	78	1	overview	overview	NOUN
faba-261	78	2	of	of	ADP
faba-261	78	3	interest	interest	NOUN
faba-261	78	4	rate	rate	NOUN
faba-261	78	5	and	and	CCONJ
faba-261	78	6	economic	economic	ADJ
faba-261	78	7	growth	growth	NOUN
faba-261	78	8	trends	trend	NOUN
faba-261	78	9	in	in	ADP
faba-261	78	10	kenya	kenya	PROPN
faba-261	78	11	kenya	kenya	PROPN
faba-261	78	12	experienced	experience	VERB
faba-261	78	13	a	a	DET
faba-261	78	14	general	general	ADJ
faba-261	78	15	balance	balance	NOUN
faba-261	78	16	of	of	ADP
faba-261	78	17	payments	payment	NOUN
faba-261	78	18	surplus	surplus	NOUN
faba-261	78	19	from	from	ADP
faba-261	78	20	1964	1964	NUM
faba-261	78	21	to	to	ADP
faba-261	78	22	1972	1972	NUM
faba-261	78	23	,	,	PUNCT
faba-261	78	24	with	with	ADP
faba-261	78	25	the	the	DET
faba-261	78	26	exception	exception	NOUN
faba-261	78	27	of	of	ADP
faba-261	78	28	1964	1964	NUM
faba-261	78	29	,	,	PUNCT
faba-261	78	30	1967	1967	NUM
faba-261	78	31	,	,	PUNCT
faba-261	78	32	and	and	CCONJ
faba-261	78	33	1971	1971	NUM
faba-261	78	34	(	(	PUNCT
faba-261	78	35	world	world	PROPN
faba-261	78	36	bank	bank	PROPN
faba-261	78	37	2022	2022	NUM
faba-261	78	38	)	)	PUNCT
faba-261	78	39	.	.	PUNCT
faba-261	79	1	interest	interest	NOUN
faba-261	79	2	rate	rate	NOUN
faba-261	79	3	policy	policy	NOUN
faba-261	79	4	in	in	ADP
faba-261	79	5	kenya	kenya	PROPN
faba-261	79	6	was	be	AUX
faba-261	79	7	largely	largely	ADV
faba-261	79	8	dormant	dormant	ADJ
faba-261	79	9	throughout	throughout	ADP
faba-261	79	10	this	this	DET
faba-261	79	11	time	time	NOUN
faba-261	79	12	.	.	PUNCT
faba-261	80	1	the	the	DET
faba-261	80	2	government	government	NOUN
faba-261	80	3	managed	manage	VERB
faba-261	80	4	interest	interest	NOUN
faba-261	80	5	rates	rate	NOUN
faba-261	80	6	by	by	ADP
faba-261	80	7	setting	set	VERB
faba-261	80	8	minimum	minimum	ADJ
faba-261	80	9	savings	saving	NOUN
faba-261	80	10	for	for	ADP
faba-261	80	11	all	all	DET
faba-261	80	12	deposit	deposit	NOUN
faba-261	80	13	-	-	PUNCT
faba-261	80	14	taking	take	VERB
faba-261	80	15	institutions	institution	NOUN
faba-261	80	16	and	and	CCONJ
faba-261	80	17	minimum	minimum	NOUN
faba-261	80	18	lending	lending	NOUN
faba-261	80	19	rates	rate	NOUN
faba-261	80	20	for	for	ADP
faba-261	80	21	commercial	commercial	ADJ
faba-261	80	22	banks	bank	NOUN
faba-261	80	23	,	,	PUNCT
faba-261	80	24	non	non	ADJ
faba-261	80	25	-	-	ADJ
faba-261	80	26	bank	bank	ADJ
faba-261	80	27	financial	financial	ADJ
faba-261	80	28	institutions	institution	NOUN
faba-261	80	29	,	,	PUNCT
faba-261	80	30	and	and	CCONJ
faba-261	80	31	building	build	VERB
faba-261	80	32	societies	society	NOUN
faba-261	80	33	(	(	PUNCT
faba-261	80	34	baynham	baynham	PROPN
faba-261	80	35	1989	1989	NUM
faba-261	80	36	)	)	PUNCT
faba-261	80	37	.	.	PUNCT
faba-261	81	1	a	a	DET
faba-261	81	2	variety	variety	NOUN
faba-261	81	3	of	of	ADP
faba-261	81	4	internal	internal	ADJ
faba-261	81	5	and	and	CCONJ
faba-261	81	6	external	external	ADJ
faba-261	81	7	causes	cause	NOUN
faba-261	81	8	,	,	PUNCT
faba-261	81	9	notably	notably	ADV
faba-261	81	10	inflation	inflation	NOUN
faba-261	81	11	brought	bring	VERB
faba-261	81	12	on	on	ADP
faba-261	81	13	by	by	ADP
faba-261	81	14	a	a	DET
faba-261	81	15	significant	significant	ADJ
faba-261	81	16	rise	rise	NOUN
faba-261	81	17	in	in	ADP
faba-261	81	18	oil	oil	NOUN
faba-261	81	19	prices	price	NOUN
faba-261	81	20	and	and	CCONJ
faba-261	81	21	the	the	DET
faba-261	81	22	consequences	consequence	NOUN
faba-261	81	23	of	of	ADP
faba-261	81	24	a	a	DET
faba-261	81	25	severe	severe	ADJ
faba-261	81	26	national	national	ADJ
faba-261	81	27	drought	drought	NOUN
faba-261	81	28	in	in	ADP
faba-261	81	29	1973	1973	NUM
faba-261	81	30	,	,	PUNCT
faba-261	81	31	had	have	VERB
faba-261	81	32	a	a	DET
faba-261	81	33	negative	negative	ADJ
faba-261	81	34	impact	impact	NOUN
faba-261	81	35	on	on	ADP
faba-261	81	36	the	the	DET
faba-261	81	37	economy	economy	NOUN
faba-261	81	38	between	between	ADP
faba-261	81	39	1972	1972	NUM
faba-261	81	40	and	and	CCONJ
faba-261	81	41	1981	1981	NUM
faba-261	81	42	(	(	PUNCT
faba-261	81	43	imf	imf	PROPN
faba-261	81	44	1985	1985	NUM
faba-261	81	45	)	)	PUNCT
faba-261	81	46	.	.	PUNCT
faba-261	82	1	following	follow	VERB
faba-261	82	2	the	the	DET
faba-261	82	3	shocks	shock	NOUN
faba-261	82	4	,	,	PUNCT
faba-261	82	5	the	the	DET
faba-261	82	6	government	government	NOUN
faba-261	82	7	re	re	VERB
faba-261	82	8	-	-	VERB
faba-261	82	9	examined	examine	VERB
faba-261	82	10	its	its	PRON
faba-261	82	11	regulatory	regulatory	ADJ
faba-261	82	12	structure	structure	NOUN
faba-261	82	13	,	,	PUNCT
faba-261	82	14	which	which	PRON
faba-261	82	15	resulted	result	VERB
faba-261	82	16	in	in	ADP
faba-261	82	17	the	the	DET
faba-261	82	18	progressive	progressive	ADJ
faba-261	82	19	escalation	escalation	NOUN
faba-261	82	20	of	of	ADP
faba-261	82	21	restrictions	restriction	NOUN
faba-261	82	22	on	on	ADP
faba-261	82	23	imports	import	NOUN
faba-261	82	24	,	,	PUNCT
faba-261	82	25	exports	export	NOUN
faba-261	82	26	,	,	PUNCT
faba-261	82	27	interest	interest	NOUN
faba-261	82	28	rates	rate	NOUN
faba-261	82	29	,	,	PUNCT
faba-261	82	30	and	and	CCONJ
faba-261	82	31	domestic	domestic	ADJ
faba-261	82	32	pricing	pricing	NOUN
faba-261	82	33	.	.	PUNCT
faba-261	83	1	between	between	ADP
faba-261	83	2	1974	1974	NUM
faba-261	83	3	and	and	CCONJ
faba-261	83	4	1989	1989	NUM
faba-261	83	5	,	,	PUNCT
faba-261	83	6	the	the	DET
faba-261	83	7	monetary	monetary	ADJ
faba-261	83	8	authorities	authority	NOUN
faba-261	83	9	in	in	ADP
faba-261	83	10	kenya	kenya	PROPN
faba-261	83	11	used	use	VERB
faba-261	83	12	an	an	DET
faba-261	83	13	administered	administer	VERB
faba-261	83	14	interest	interest	NOUN
faba-261	83	15	rate	rate	NOUN
faba-261	83	16	framework	framework	NOUN
faba-261	83	17	.	.	PUNCT
faba-261	84	1	the	the	DET
faba-261	84	2	employment	employment	NOUN
faba-261	84	3	of	of	ADP
faba-261	84	4	statutory	statutory	ADJ
faba-261	84	5	credit	credit	NOUN
faba-261	84	6	ceilings	ceiling	NOUN
faba-261	84	7	and	and	CCONJ
faba-261	84	8	minimum	minimum	ADJ
faba-261	84	9	savings	saving	NOUN
faba-261	84	10	deposit	deposit	NOUN
faba-261	84	11	rates	rate	NOUN
faba-261	84	12	was	be	AUX
faba-261	84	13	a	a	DET
faba-261	84	14	crucial	crucial	ADJ
faba-261	84	15	t.	t.	NOUN
faba-261	84	16	saungweme	saungweme	NOUN
faba-261	84	17	,	,	PUNCT
faba-261	84	18	g.	g.	PROPN
faba-261	84	19	maluleke	maluleke	PROPN
faba-261	84	20	,	,	PUNCT
faba-261	84	21	n.	n.	PROPN
faba-261	84	22	odhiambo	odhiambo	X
faba-261	84	23	/	/	SYM
faba-261	84	24	finance	finance	NOUN
faba-261	84	25	,	,	PUNCT
faba-261	84	26	accounting	accounting	NOUN
faba-261	84	27	and	and	CCONJ
faba-261	84	28	business	business	NOUN
faba-261	84	29	analysis	analysis	NOUN
faba-261	84	30	,	,	PUNCT
faba-261	84	31	volume	volume	NOUN
faba-261	84	32	7	7	NUM
faba-261	84	33	,	,	PUNCT
faba-261	84	34	issue	issue	NOUN
faba-261	84	35	1	1	NUM
faba-261	84	36	,	,	PUNCT
faba-261	84	37	2025	2025	NUM
faba-261	84	38	72	72	NUM
faba-261	84	39	tool	tool	NOUN
faba-261	84	40	for	for	ADP
faba-261	84	41	managing	manage	VERB
faba-261	84	42	market	market	NOUN
faba-261	84	43	liquidity	liquidity	NOUN
faba-261	84	44	(	(	PUNCT
faba-261	84	45	imf	imf	PROPN
faba-261	84	46	1991a	1991a	NUM
faba-261	84	47	)	)	PUNCT
faba-261	84	48	.	.	PUNCT
faba-261	85	1	a	a	DET
faba-261	85	2	revision	revision	NOUN
faba-261	85	3	to	to	ADP
faba-261	85	4	the	the	DET
faba-261	85	5	credit	credit	NOUN
faba-261	85	6	ceiling	ceiling	NOUN
faba-261	85	7	policy	policy	NOUN
faba-261	85	8	between	between	ADP
faba-261	85	9	1989	1989	NUM
faba-261	85	10	and	and	CCONJ
faba-261	85	11	1991	1991	NUM
faba-261	85	12	resulted	result	VERB
faba-261	85	13	in	in	ADP
faba-261	85	14	the	the	DET
faba-261	85	15	maximum	maximum	ADJ
faba-261	85	16	rate	rate	NOUN
faba-261	85	17	being	be	AUX
faba-261	85	18	split	split	VERB
faba-261	85	19	between	between	ADP
faba-261	85	20	short	short	ADJ
faba-261	85	21	-	-	PUNCT
faba-261	85	22	term	term	NOUN
faba-261	85	23	and	and	CCONJ
faba-261	85	24	long	long	ADJ
faba-261	85	25	-	-	PUNCT
faba-261	85	26	term	term	NOUN
faba-261	85	27	lending	lending	NOUN
faba-261	85	28	(	(	PUNCT
faba-261	85	29	imf	imf	PROPN
faba-261	85	30	1991a	1991a	NUM
faba-261	85	31	)	)	PUNCT
faba-261	85	32	.	.	PUNCT
faba-261	86	1	the	the	DET
faba-261	86	2	major	major	ADJ
faba-261	86	3	challenge	challenge	NOUN
faba-261	86	4	with	with	ADP
faba-261	86	5	controlling	control	VERB
faba-261	86	6	interest	interest	NOUN
faba-261	86	7	rates	rate	NOUN
faba-261	86	8	was	be	AUX
faba-261	86	9	a	a	DET
faba-261	86	10	widening	widen	VERB
faba-261	86	11	gap	gap	NOUN
faba-261	86	12	between	between	ADP
faba-261	86	13	administered	administer	VERB
faba-261	86	14	and	and	CCONJ
faba-261	86	15	effective	effective	ADJ
faba-261	86	16	bank	bank	NOUN
faba-261	86	17	lending	lending	NOUN
faba-261	86	18	rates	rate	NOUN
faba-261	86	19	.	.	PUNCT
faba-261	87	1	for	for	ADP
faba-261	87	2	this	this	DET
faba-261	87	3	reason	reason	NOUN
faba-261	87	4	,	,	PUNCT
faba-261	87	5	the	the	DET
faba-261	87	6	monetary	monetary	ADJ
faba-261	87	7	authorities	authority	NOUN
faba-261	87	8	have	have	AUX
faba-261	87	9	been	be	AUX
faba-261	87	10	unable	unable	ADJ
faba-261	87	11	to	to	PART
faba-261	87	12	sell	sell	VERB
faba-261	87	13	enough	enough	ADJ
faba-261	87	14	quantities	quantity	NOUN
faba-261	87	15	of	of	ADP
faba-261	87	16	government	government	NOUN
faba-261	87	17	securities	security	NOUN
faba-261	87	18	to	to	PART
faba-261	87	19	limit	limit	VERB
faba-261	87	20	the	the	DET
faba-261	87	21	growth	growth	NOUN
faba-261	87	22	of	of	ADP
faba-261	87	23	the	the	DET
faba-261	87	24	money	money	NOUN
faba-261	87	25	supply	supply	NOUN
faba-261	87	26	(	(	PUNCT
faba-261	87	27	imf	imf	PROPN
faba-261	87	28	1991b	1991b	NUM
faba-261	87	29	)	)	PUNCT
faba-261	87	30	.	.	PUNCT
faba-261	88	1	the	the	DET
faba-261	88	2	government	government	NOUN
faba-261	88	3	then	then	ADV
faba-261	88	4	started	start	VERB
faba-261	88	5	a	a	DET
faba-261	88	6	series	series	NOUN
faba-261	88	7	of	of	ADP
faba-261	88	8	economic	economic	ADJ
faba-261	88	9	adjustment	adjustment	NOUN
faba-261	88	10	programs	program	NOUN
faba-261	88	11	with	with	ADP
faba-261	88	12	the	the	DET
faba-261	88	13	world	world	PROPN
faba-261	88	14	bank	bank	PROPN
faba-261	88	15	and	and	CCONJ
faba-261	88	16	imf	imf	PROPN
faba-261	88	17	in	in	ADP
faba-261	88	18	1991	1991	NUM
faba-261	88	19	and	and	CCONJ
faba-261	88	20	continued	continue	VERB
faba-261	88	21	them	they	PRON
faba-261	88	22	until	until	ADP
faba-261	88	23	1996	1996	NUM
faba-261	88	24	.	.	PUNCT
faba-261	89	1	the	the	DET
faba-261	89	2	overarching	overarching	ADJ
faba-261	89	3	policy	policy	NOUN
faba-261	89	4	framework	framework	NOUN
faba-261	89	5	placed	place	VERB
faba-261	89	6	a	a	DET
faba-261	89	7	strong	strong	ADJ
faba-261	89	8	emphasis	emphasis	NOUN
faba-261	89	9	on	on	ADP
faba-261	89	10	trade	trade	NOUN
faba-261	89	11	liberalisation	liberalisation	NOUN
faba-261	89	12	,	,	PUNCT
faba-261	89	13	interest	interest	NOUN
faba-261	89	14	rate	rate	NOUN
faba-261	89	15	deregulation	deregulation	NOUN
faba-261	89	16	,	,	PUNCT
faba-261	89	17	and	and	CCONJ
faba-261	89	18	macroeconomic	macroeconomic	ADJ
faba-261	89	19	stabilisation	stabilisation	NOUN
faba-261	89	20	(	(	PUNCT
faba-261	89	21	obrien	obrien	PROPN
faba-261	89	22	and	and	CCONJ
faba-261	89	23	ryan	ryan	PROPN
faba-261	89	24	1999	1999	NUM
faba-261	89	25	)	)	PUNCT
faba-261	89	26	.	.	PUNCT
faba-261	90	1	in	in	ADP
faba-261	90	2	1991	1991	NUM
faba-261	90	3	,	,	PUNCT
faba-261	90	4	this	this	DET
faba-261	90	5	framework	framework	NOUN
faba-261	90	6	resulted	result	VERB
faba-261	90	7	in	in	ADP
faba-261	90	8	a	a	DET
faba-261	90	9	comprehensive	comprehensive	ADJ
faba-261	90	10	liberalisation	liberalisation	NOUN
faba-261	90	11	policy	policy	NOUN
faba-261	90	12	ideology	ideology	NOUN
faba-261	90	13	.	.	PUNCT
faba-261	91	1	this	this	DET
faba-261	91	2	philosophy	philosophy	NOUN
faba-261	91	3	is	be	AUX
faba-261	91	4	supported	support	VERB
faba-261	91	5	by	by	ADP
faba-261	91	6	the	the	DET
faba-261	91	7	theoretical	theoretical	ADJ
faba-261	91	8	expectations	expectation	NOUN
faba-261	91	9	of	of	ADP
faba-261	91	10	the	the	DET
faba-261	91	11	mckinnon	mckinnon	PROPN
faba-261	91	12	-	-	PROPN
faba-261	91	13	shaw	shaw	PROPN
faba-261	91	14	hypothesis	hypothesis	NOUN
faba-261	91	15	,	,	PUNCT
faba-261	91	16	which	which	PRON
faba-261	91	17	postulates	postulate	VERB
faba-261	91	18	that	that	SCONJ
faba-261	91	19	easing	ease	VERB
faba-261	91	20	regulatory	regulatory	ADJ
faba-261	91	21	restrictions	restriction	NOUN
faba-261	91	22	on	on	ADP
faba-261	91	23	interest	interest	NOUN
faba-261	91	24	rates	rate	NOUN
faba-261	91	25	will	will	AUX
faba-261	91	26	increase	increase	VERB
faba-261	91	27	the	the	DET
faba-261	91	28	volume	volume	NOUN
faba-261	91	29	of	of	ADP
faba-261	91	30	funds	fund	NOUN
faba-261	91	31	in	in	ADP
faba-261	91	32	deposit	deposit	NOUN
faba-261	91	33	-	-	PUNCT
faba-261	91	34	taking	take	VERB
faba-261	91	35	institutions	institution	NOUN
faba-261	91	36	(	(	PUNCT
faba-261	91	37	mckinnon	mckinnon	PROPN
faba-261	91	38	1973	1973	NUM
faba-261	91	39	;	;	PUNCT
faba-261	91	40	shaw	shaw	PROPN
faba-261	91	41	1973	1973	NUM
faba-261	91	42	)	)	PUNCT
faba-261	91	43	.	.	PUNCT
faba-261	92	1	regarding	regard	VERB
faba-261	92	2	economic	economic	ADJ
faba-261	92	3	growth	growth	NOUN
faba-261	92	4	,	,	PUNCT
faba-261	92	5	the	the	DET
faba-261	92	6	years	year	NOUN
faba-261	92	7	1963	1963	NUM
faba-261	92	8	and	and	CCONJ
faba-261	92	9	1973	1973	NUM
faba-261	92	10	can	can	AUX
faba-261	92	11	be	be	AUX
faba-261	92	12	regarded	regard	VERB
faba-261	92	13	as	as	ADP
faba-261	92	14	a	a	DET
faba-261	92	15	decade	decade	NOUN
faba-261	92	16	of	of	ADP
faba-261	92	17	exceptional	exceptional	ADJ
faba-261	92	18	growth	growth	NOUN
faba-261	92	19	,	,	PUNCT
faba-261	92	20	with	with	ADP
faba-261	92	21	an	an	DET
faba-261	92	22	average	average	ADJ
faba-261	92	23	annual	annual	ADJ
faba-261	92	24	real	real	ADJ
faba-261	92	25	growth	growth	NOUN
faba-261	92	26	rate	rate	NOUN
faba-261	92	27	of	of	ADP
faba-261	92	28	6.7	6.7	NUM
faba-261	92	29	%	%	NOUN
faba-261	92	30	(	(	PUNCT
faba-261	92	31	world	world	PROPN
faba-261	92	32	bank	bank	PROPN
faba-261	92	33	2022	2022	NUM
faba-261	92	34	)	)	PUNCT
faba-261	92	35	.	.	PUNCT
faba-261	93	1	the	the	DET
faba-261	93	2	favourable	favourable	ADJ
faba-261	93	3	weather	weather	NOUN
faba-261	93	4	and	and	CCONJ
faba-261	93	5	trade	trade	NOUN
faba-261	93	6	conditions	condition	NOUN
faba-261	93	7	for	for	ADP
faba-261	93	8	kenya	kenya	PROPN
faba-261	93	9	's	's	PART
faba-261	93	10	commodity	commodity	NOUN
faba-261	93	11	exports	export	NOUN
faba-261	93	12	,	,	PUNCT
faba-261	93	13	along	along	ADP
faba-261	93	14	with	with	ADP
faba-261	93	15	the	the	DET
faba-261	93	16	successful	successful	ADJ
faba-261	93	17	execution	execution	NOUN
faba-261	93	18	of	of	ADP
faba-261	93	19	the	the	DET
faba-261	93	20	importsubstitution	importsubstitution	NOUN
faba-261	93	21	program	program	NOUN
faba-261	93	22	,	,	PUNCT
faba-261	93	23	all	all	PRON
faba-261	93	24	contributed	contribute	VERB
faba-261	93	25	to	to	ADP
faba-261	93	26	the	the	DET
faba-261	93	27	country	country	NOUN
faba-261	93	28	's	's	PART
faba-261	93	29	impressive	impressive	ADJ
faba-261	93	30	economic	economic	ADJ
faba-261	93	31	performance	performance	NOUN
faba-261	93	32	(	(	PUNCT
faba-261	93	33	odhiambo	odhiambo	X
faba-261	93	34	and	and	CCONJ
faba-261	93	35	saungweme	saungweme	NOUN
faba-261	93	36	2023b	2023b	NUM
faba-261	93	37	)	)	PUNCT
faba-261	93	38	.	.	PUNCT
faba-261	94	1	between	between	ADP
faba-261	94	2	1974	1974	NUM
faba-261	94	3	and	and	CCONJ
faba-261	94	4	1979	1979	NUM
faba-261	94	5	,	,	PUNCT
faba-261	94	6	the	the	DET
faba-261	94	7	country	country	NOUN
faba-261	94	8	underwent	undergo	VERB
faba-261	94	9	an	an	DET
faba-261	94	10	economic	economic	ADJ
faba-261	94	11	recession	recession	NOUN
faba-261	94	12	marked	mark	VERB
faba-261	94	13	by	by	ADP
faba-261	94	14	declining	decline	VERB
faba-261	94	15	terms	term	NOUN
faba-261	94	16	of	of	ADP
faba-261	94	17	trade	trade	NOUN
faba-261	94	18	and	and	CCONJ
faba-261	94	19	rising	rise	VERB
faba-261	94	20	oil	oil	NOUN
faba-261	94	21	prices	price	NOUN
faba-261	94	22	(	(	PUNCT
faba-261	94	23	imf	imf	PROPN
faba-261	94	24	2022	2022	NUM
faba-261	94	25	)	)	PUNCT
faba-261	94	26	.	.	PUNCT
faba-261	95	1	the	the	DET
faba-261	95	2	period	period	NOUN
faba-261	95	3	1980	1980	NUM
faba-261	95	4	-	-	SYM
faba-261	95	5	85	85	NUM
faba-261	95	6	can	can	AUX
faba-261	95	7	be	be	AUX
faba-261	95	8	described	describe	VERB
faba-261	95	9	as	as	ADP
faba-261	95	10	an	an	DET
faba-261	95	11	era	era	NOUN
faba-261	95	12	of	of	ADP
faba-261	95	13	macroeconomic	macroeconomic	ADJ
faba-261	95	14	imbalance	imbalance	NOUN
faba-261	95	15	and	and	CCONJ
faba-261	95	16	stabilisation	stabilisation	NOUN
faba-261	95	17	,	,	PUNCT
faba-261	95	18	with	with	ADP
faba-261	95	19	low	low	ADJ
faba-261	95	20	growth	growth	NOUN
faba-261	95	21	.	.	PUNCT
faba-261	96	1	economic	economic	ADJ
faba-261	96	2	and	and	CCONJ
faba-261	96	3	monetary	monetary	ADJ
faba-261	96	4	policy	policy	NOUN
faba-261	96	5	interventions	intervention	NOUN
faba-261	96	6	between	between	ADP
faba-261	96	7	1985	1985	NUM
faba-261	96	8	and	and	CCONJ
faba-261	96	9	1989	1989	NUM
faba-261	96	10	,	,	PUNCT
faba-261	96	11	which	which	PRON
faba-261	96	12	were	be	AUX
faba-261	96	13	further	far	ADV
faba-261	96	14	enhanced	enhance	VERB
faba-261	96	15	by	by	ADP
faba-261	96	16	the	the	DET
faba-261	96	17	1986	1986	NUM
faba-261	96	18	coffee	coffee	NOUN
faba-261	96	19	boom	boom	NOUN
faba-261	96	20	,	,	PUNCT
faba-261	96	21	led	lead	VERB
faba-261	96	22	to	to	ADP
faba-261	96	23	an	an	DET
faba-261	96	24	economic	economic	ADJ
faba-261	96	25	rebound	rebound	NOUN
faba-261	96	26	.	.	PUNCT
faba-261	97	1	for	for	ADP
faba-261	97	2	the	the	DET
faba-261	97	3	first	first	ADJ
faba-261	97	4	half	half	NOUN
faba-261	97	5	of	of	ADP
faba-261	97	6	this	this	DET
faba-261	97	7	period	period	NOUN
faba-261	97	8	,	,	PUNCT
faba-261	97	9	real	real	ADJ
faba-261	97	10	gdp	gdp	NOUN
faba-261	97	11	increased	increase	VERB
faba-261	97	12	by	by	ADP
faba-261	97	13	an	an	DET
faba-261	97	14	average	average	NOUN
faba-261	97	15	of	of	ADP
faba-261	97	16	5.3	5.3	NUM
faba-261	97	17	%	%	NOUN
faba-261	97	18	yearly	yearly	ADV
faba-261	97	19	(	(	PUNCT
faba-261	97	20	world	world	PROPN
faba-261	97	21	bank	bank	PROPN
faba-261	97	22	2022	2022	NUM
faba-261	97	23	)	)	PUNCT
faba-261	97	24	.	.	PUNCT
faba-261	98	1	figure	figure	NOUN
faba-261	98	2	1	1	NUM
faba-261	98	3	shows	show	VERB
faba-261	98	4	interest	interest	NOUN
faba-261	98	5	rates	rate	NOUN
faba-261	98	6	and	and	CCONJ
faba-261	98	7	gdp	gdp	NOUN
faba-261	98	8	per	per	ADP
faba-261	98	9	capita	capita	NOUN
faba-261	98	10	growth	growth	NOUN
faba-261	98	11	rates	rate	NOUN
faba-261	98	12	for	for	ADP
faba-261	98	13	the	the	DET
faba-261	98	14	period	period	NOUN
faba-261	98	15	1980	1980	NUM
faba-261	98	16	to	to	ADP
faba-261	98	17	2022	2022	NUM
faba-261	98	18	.	.	PUNCT
faba-261	99	1	source	source	NOUN
faba-261	99	2	:	:	PUNCT
faba-261	99	3	authors	author	NOUN
faba-261	99	4	’	’	PART
faba-261	99	5	compilation	compilation	NOUN
faba-261	99	6	using	use	VERB
faba-261	99	7	world	world	PROPN
faba-261	99	8	bank	bank	PROPN
faba-261	99	9	(	(	PUNCT
faba-261	99	10	2022	2022	NUM
faba-261	99	11	)	)	PUNCT
faba-261	99	12	data	datum	NOUN
faba-261	99	13	figure	figure	NOUN
faba-261	99	14	1	1	NUM
faba-261	99	15	.	.	PUNCT
faba-261	99	16	interest	interest	NOUN
faba-261	99	17	rate	rate	NOUN
faba-261	99	18	and	and	CCONJ
faba-261	99	19	economic	economic	ADJ
faba-261	99	20	growth	growth	NOUN
faba-261	99	21	trends	trend	NOUN
faba-261	99	22	in	in	ADP
faba-261	99	23	kenya	kenya	PROPN
faba-261	99	24	(	(	PUNCT
faba-261	99	25	1980	1980	NUM
faba-261	99	26	-	-	SYM
faba-261	99	27	2022	2022	NUM
faba-261	99	28	)	)	PUNCT
faba-261	99	29	figure	figure	NOUN
faba-261	99	30	1	1	NUM
faba-261	99	31	largely	largely	ADV
faba-261	99	32	describes	describe	VERB
faba-261	99	33	a	a	DET
faba-261	99	34	negative	negative	ADJ
faba-261	99	35	correlation	correlation	NOUN
faba-261	99	36	between	between	ADP
faba-261	99	37	interest	interest	NOUN
faba-261	99	38	rates	rate	NOUN
faba-261	99	39	and	and	CCONJ
faba-261	99	40	annual	annual	ADJ
faba-261	99	41	growth	growth	NOUN
faba-261	99	42	of	of	ADP
faba-261	99	43	gdp	gdp	NOUN
faba-261	99	44	per	per	ADP
faba-261	99	45	capita	capita	NOUN
faba-261	99	46	in	in	ADP
faba-261	99	47	kenya	kenya	PROPN
faba-261	99	48	.	.	PUNCT
faba-261	100	1	interest	interest	NOUN
faba-261	100	2	rates	rate	NOUN
faba-261	100	3	rose	rise	VERB
faba-261	100	4	sharply	sharply	ADV
faba-261	100	5	during	during	ADP
faba-261	100	6	times	time	NOUN
faba-261	100	7	of	of	ADP
faba-261	100	8	economic	economic	ADJ
faba-261	100	9	instability	instability	NOUN
faba-261	100	10	,	,	PUNCT
faba-261	100	11	such	such	ADJ
faba-261	100	12	as	as	ADP
faba-261	100	13	1980–1985	1980–1985	NUM
faba-261	100	14	,	,	PUNCT
faba-261	100	15	1989–1992	1989–1992	NUM
faba-261	100	16	,	,	PUNCT
faba-261	100	17	1995–1996	1995–1996	NUM
faba-261	100	18	,	,	PUNCT
faba-261	100	19	2008	2008	NUM
faba-261	100	20	,	,	PUNCT
faba-261	100	21	and	and	CCONJ
faba-261	100	22	2019	2019	NUM
faba-261	100	23	.	.	PUNCT
faba-261	101	1	despite	despite	SCONJ
faba-261	101	2	the	the	DET
faba-261	101	3	series	series	NOUN
faba-261	101	4	of	of	ADP
faba-261	101	5	economic	economic	ADJ
faba-261	101	6	reforms	reform	NOUN
faba-261	101	7	and	and	CCONJ
faba-261	101	8	monetary	monetary	ADJ
faba-261	101	9	reforms	reform	NOUN
faba-261	101	10	,	,	PUNCT
faba-261	101	11	interest	interest	NOUN
faba-261	101	12	rates	rate	NOUN
faba-261	101	13	in	in	ADP
faba-261	101	14	kenya	kenya	PROPN
faba-261	101	15	remained	remain	VERB
faba-261	101	16	high	high	ADV
faba-261	101	17	over	over	ADP
faba-261	101	18	the	the	DET
faba-261	101	19	period	period	NOUN
faba-261	101	20	under	under	ADP
faba-261	101	21	review	review	NOUN
faba-261	101	22	,	,	PUNCT
faba-261	101	23	1980	1980	NUM
faba-261	101	24	-	-	SYM
faba-261	101	25	2022	2022	NUM
faba-261	101	26	.	.	PUNCT
faba-261	102	1	these	these	DET
faba-261	102	2	high	high	ADJ
faba-261	102	3	interest	interest	NOUN
faba-261	102	4	rates	rate	NOUN
faba-261	102	5	on	on	ADP
faba-261	102	6	loans	loan	NOUN
faba-261	102	7	from	from	ADP
faba-261	102	8	the	the	DET
faba-261	102	9	banking	banking	NOUN
faba-261	102	10	sector	sector	NOUN
faba-261	102	11	have	have	AUX
faba-261	102	12	been	be	AUX
faba-261	102	13	perceived	perceive	VERB
faba-261	102	14	by	by	ADP
faba-261	102	15	some	some	DET
faba-261	102	16	policymakers	policymaker	NOUN
faba-261	102	17	as	as	ADP
faba-261	102	18	an	an	DET
faba-261	102	19	obstacle	obstacle	NOUN
faba-261	102	20	to	to	ADP
faba-261	102	21	greater	great	ADJ
faba-261	102	22	investment	investment	NOUN
faba-261	102	23	,	,	PUNCT
faba-261	102	24	financial	financial	ADJ
faba-261	102	25	inclusion	inclusion	NOUN
faba-261	102	26	,	,	PUNCT
faba-261	102	27	and	and	CCONJ
faba-261	102	28	economic	economic	ADJ
faba-261	102	29	growth	growth	NOUN
faba-261	102	30	(	(	PUNCT
faba-261	102	31	imf	imf	PROPN
faba-261	102	32	2019	2019	NUM
faba-261	102	33	)	)	PUNCT
faba-261	102	34	.	.	PUNCT
faba-261	103	1	as	as	ADP
faba-261	103	2	a	a	DET
faba-261	103	3	result	result	NOUN
faba-261	103	4	,	,	PUNCT
faba-261	103	5	the	the	DET
faba-261	103	6	monetary	monetary	ADJ
faba-261	103	7	authorities	authority	NOUN
faba-261	103	8	in	in	ADP
faba-261	103	9	kenya	kenya	PROPN
faba-261	103	10	were	be	AUX
faba-261	103	11	compelled	compel	VERB
faba-261	103	12	to	to	PART
faba-261	103	13	revert	revert	VERB
faba-261	103	14	to	to	ADP
faba-261	103	15	managing	manage	VERB
faba-261	103	16	interest	interest	NOUN
faba-261	103	17	rates	rate	NOUN
faba-261	103	18	in	in	ADP
faba-261	103	19	2016	2016	NUM
faba-261	103	20	.	.	PUNCT
faba-261	104	1	as	as	ADP
faba-261	104	2	a	a	DET
faba-261	104	3	result	result	NOUN
faba-261	104	4	,	,	PUNCT
faba-261	104	5	the	the	DET
faba-261	104	6	observable	observable	ADJ
faba-261	104	7	flip	flip	NOUN
faba-261	104	8	in	in	ADP
faba-261	104	9	interest	interest	NOUN
faba-261	104	10	rates	rate	NOUN
faba-261	104	11	from	from	ADP
faba-261	104	12	2016	2016	NUM
faba-261	104	13	is	be	AUX
faba-261	104	14	consistent	consistent	ADJ
faba-261	104	15	with	with	ADP
faba-261	104	16	the	the	DET
faba-261	104	17	capping	capping	NOUN
faba-261	104	18	of	of	ADP
faba-261	104	19	interest	interest	NOUN
faba-261	104	20	rates	rate	NOUN
faba-261	104	21	in	in	ADP
faba-261	104	22	kenya	kenya	PROPN
faba-261	104	23	,	,	PUNCT
faba-261	104	24	which	which	PRON
faba-261	104	25	went	go	VERB
faba-261	104	26	into	into	ADP
faba-261	104	27	effect	effect	NOUN
faba-261	104	28	that	that	DET
faba-261	104	29	same	same	ADJ
faba-261	104	30	year	year	NOUN
faba-261	104	31	(	(	PUNCT
faba-261	104	32	central	central	ADJ
faba-261	104	33	bank	bank	NOUN
faba-261	104	34	of	of	ADP
faba-261	104	35	kenya	kenya	PROPN
faba-261	104	36	/	/	SYM
faba-261	104	37	cbk	cbk	PROPN
faba-261	104	38	2018	2018	NUM
faba-261	104	39	)	)	PUNCT
faba-261	104	40	.	.	PUNCT
faba-261	105	1	according	accord	VERB
faba-261	105	2	to	to	ADP
faba-261	105	3	the	the	DET
faba-261	105	4	new	new	ADJ
faba-261	105	5	rule	rule	NOUN
faba-261	105	6	,	,	PUNCT
faba-261	105	7	the	the	DET
faba-261	105	8	maximum	maximum	ADJ
faba-261	105	9	lending	lending	NOUN
faba-261	105	10	rate	rate	NOUN
faba-261	105	11	can	can	AUX
faba-261	105	12	not	not	PART
faba-261	105	13	be	be	AUX
faba-261	105	14	more	more	ADJ
faba-261	105	15	than	than	ADP
faba-261	105	16	4	4	NUM
faba-261	105	17	%	%	NOUN
faba-261	105	18	over	over	ADP
faba-261	105	19	the	the	DET
faba-261	105	20	base	base	NOUN
faba-261	105	21	rate	rate	NOUN
faba-261	105	22	set	set	VERB
faba-261	105	23	by	by	ADP
faba-261	105	24	the	the	DET
faba-261	105	25	central	central	PROPN
faba-261	105	26	bank	bank	NOUN
faba-261	105	27	(	(	PUNCT
faba-261	105	28	cbk	cbk	PROPN
faba-261	105	29	2018	2018	NUM
faba-261	105	30	)	)	PUNCT
faba-261	105	31	.	.	PUNCT
faba-261	106	1	however	however	ADV
faba-261	106	2	,	,	PUNCT
faba-261	106	3	the	the	DET
faba-261	106	4	interest	interest	NOUN
faba-261	106	5	rate	rate	NOUN
faba-261	106	6	caps	cap	NOUN
faba-261	106	7	on	on	ADP
faba-261	106	8	commercial	commercial	ADJ
faba-261	106	9	loans	loan	NOUN
faba-261	106	10	were	be	AUX
faba-261	106	11	lifted	lift	VERB
faba-261	106	12	in	in	ADP
faba-261	106	13	2019	2019	NUM
faba-261	106	14	,	,	PUNCT
faba-261	106	15	and	and	CCONJ
faba-261	106	16	this	this	PRON
faba-261	106	17	is	be	AUX
faba-261	106	18	shown	show	VERB
faba-261	106	19	by	by	ADP
faba-261	106	20	an	an	DET
faba-261	106	21	upturn	upturn	NOUN
faba-261	106	22	in	in	ADP
faba-261	106	23	interest	interest	NOUN
faba-261	106	24	rates	rate	NOUN
faba-261	106	25	in	in	ADP
faba-261	106	26	figure	figure	NOUN
faba-261	106	27	1	1	NUM
faba-261	106	28	(	(	PUNCT
faba-261	106	29	imf	imf	PROPN
faba-261	106	30	2021	2021	NUM
faba-261	106	31	)	)	PUNCT
faba-261	106	32	.	.	PUNCT
faba-261	107	1	the	the	DET
faba-261	107	2	goal	goal	NOUN
faba-261	107	3	of	of	ADP
faba-261	107	4	eliminating	eliminate	VERB
faba-261	107	5	interest	interest	NOUN
faba-261	107	6	rate	rate	NOUN
faba-261	107	7	ceilings	ceiling	NOUN
faba-261	107	8	in	in	ADP
faba-261	107	9	2019	2019	NUM
faba-261	107	10	was	be	AUX
faba-261	107	11	to	to	PART
faba-261	107	12	facilitate	facilitate	VERB
faba-261	107	13	greater	great	ADJ
faba-261	107	14	credit	credit	NOUN
faba-261	107	15	expansion	expansion	NOUN
faba-261	107	16	and	and	CCONJ
faba-261	107	17	to	to	PART
faba-261	107	18	stimulate	stimulate	VERB
faba-261	107	19	private	private	ADJ
faba-261	107	20	investment	investment	NOUN
faba-261	107	21	(	(	PUNCT
faba-261	107	22	imf	imf	PROPN
faba-261	107	23	2021	2021	NUM
faba-261	107	24	)	)	PUNCT
faba-261	107	25	.	.	PUNCT
faba-261	108	1	despite	despite	SCONJ
faba-261	108	2	the	the	DET
faba-261	108	3	repeal	repeal	NOUN
faba-261	108	4	,	,	PUNCT
faba-261	108	5	lending	lending	NOUN
faba-261	108	6	rates	rate	NOUN
faba-261	108	7	charged	charge	VERB
faba-261	108	8	by	by	ADP
faba-261	108	9	banks	bank	NOUN
faba-261	108	10	have	have	AUX
faba-261	108	11	not	not	PART
faba-261	108	12	increased	increase	VERB
faba-261	108	13	significantly	significantly	ADV
faba-261	108	14	over	over	ADP
faba-261	108	15	the	the	DET
faba-261	108	16	prior	prior	ADJ
faba-261	108	17	cap	cap	NOUN
faba-261	108	18	rate	rate	NOUN
faba-261	108	19	.	.	PUNCT
faba-261	109	1	in	in	ADP
faba-261	109	2	2023	2023	NUM
faba-261	109	3	,	,	PUNCT
faba-261	109	4	as	as	ADP
faba-261	109	5	part	part	NOUN
faba-261	109	6	of	of	ADP
faba-261	109	7	an	an	DET
faba-261	109	8	ongoing	ongoing	ADJ
faba-261	109	9	set	set	NOUN
faba-261	109	10	of	of	ADP
faba-261	109	11	reforms	reform	NOUN
faba-261	109	12	,	,	PUNCT
faba-261	109	13	the	the	DET
faba-261	109	14	kenyan	kenyan	ADJ
faba-261	109	15	central	central	PROPN
faba-261	109	16	bank	bank	PROPN
faba-261	109	17	established	establish	VERB
faba-261	109	18	a	a	DET
faba-261	109	19	new	new	ADJ
faba-261	109	20	interest	interest	NOUN
faba-261	109	21	rate	rate	NOUN
faba-261	109	22	corridor	corridor	PROPN
faba-261	109	23	to	to	PART
faba-261	109	24	guide	guide	VERB
faba-261	109	25	the	the	DET
faba-261	109	26	-10	-10	PUNCT
faba-261	109	27	-5	-5	NOUN
faba-261	109	28	0	0	NUM
faba-261	109	29	5	5	NUM
faba-261	109	30	10	10	NUM
faba-261	109	31	15	15	NUM
faba-261	109	32	20	20	NUM
faba-261	109	33	25	25	NUM
faba-261	109	34	30	30	NUM
faba-261	109	35	35	35	NUM
faba-261	109	36	40	40	NUM
faba-261	109	37	1980	1980	NUM
faba-261	109	38	1985	1985	NUM
faba-261	109	39	1990	1990	NUM
faba-261	109	40	1995	1995	NUM
faba-261	109	41	2000	2000	NUM
faba-261	109	42	2005	2005	NUM
faba-261	109	43	2010	2010	NUM
faba-261	109	44	2015	2015	NUM
faba-261	109	45	2020	2020	NUM
faba-261	109	46	a	a	DET
faba-261	109	47	n	n	CCONJ
faba-261	109	48	n	n	ADP
faba-261	109	49	u	u	NOUN
faba-261	109	50	a	a	DET
faba-261	109	51	l	l	NOUN
faba-261	109	52	%	%	NOUN
faba-261	109	53	interest	interest	NOUN
faba-261	109	54	rates	rate	NOUN
faba-261	109	55	gdp	gdp	NOUN
faba-261	109	56	per	per	ADP
faba-261	109	57	capita	capita	NOUN
faba-261	109	58	growth	growth	NOUN
faba-261	109	59	t.	t.	PROPN
faba-261	109	60	saungweme	saungweme	PROPN
faba-261	109	61	,	,	PUNCT
faba-261	109	62	g.	g.	PROPN
faba-261	109	63	maluleke	maluleke	PROPN
faba-261	109	64	,	,	PUNCT
faba-261	109	65	n.	n.	PROPN
faba-261	109	66	odhiambo	odhiambo	X
faba-261	109	67	/	/	SYM
faba-261	109	68	finance	finance	NOUN
faba-261	109	69	,	,	PUNCT
faba-261	109	70	accounting	accounting	NOUN
faba-261	109	71	and	and	CCONJ
faba-261	109	72	business	business	NOUN
faba-261	109	73	analysis	analysis	NOUN
faba-261	109	74	,	,	PUNCT
faba-261	109	75	volume	volume	NOUN
faba-261	109	76	7	7	NUM
faba-261	109	77	,	,	PUNCT
faba-261	109	78	issue	issue	NOUN
faba-261	109	79	1	1	NUM
faba-261	109	80	,	,	PUNCT
faba-261	109	81	2025	2025	NUM
faba-261	109	82	73	73	NUM
faba-261	109	83	overnight	overnight	ADJ
faba-261	109	84	interbank	interbank	NOUN
faba-261	109	85	rate	rate	NOUN
faba-261	109	86	and	and	CCONJ
faba-261	109	87	reduce	reduce	VERB
faba-261	109	88	the	the	DET
faba-261	109	89	premium	premium	NOUN
faba-261	109	90	for	for	ADP
faba-261	109	91	its	its	PRON
faba-261	109	92	discount	discount	NOUN
faba-261	109	93	(	(	PUNCT
faba-261	109	94	imf	imf	PROPN
faba-261	109	95	2024	2024	NUM
faba-261	109	96	)	)	PUNCT
faba-261	109	97	.	.	PUNCT
faba-261	110	1	the	the	DET
faba-261	110	2	initiative	initiative	NOUN
faba-261	110	3	was	be	AUX
faba-261	110	4	undertaken	undertake	VERB
faba-261	110	5	to	to	PART
faba-261	110	6	further	far	ADV
faba-261	110	7	strengthen	strengthen	VERB
faba-261	110	8	the	the	DET
faba-261	110	9	monetary	monetary	ADJ
faba-261	110	10	policy	policy	NOUN
faba-261	110	11	implementation	implementation	NOUN
faba-261	110	12	framework	framework	NOUN
faba-261	110	13	.	.	PUNCT
faba-261	111	1	from	from	ADP
faba-261	111	2	the	the	DET
faba-261	111	3	economic	economic	ADJ
faba-261	111	4	growth	growth	NOUN
faba-261	111	5	front	front	NOUN
faba-261	111	6	,	,	PUNCT
faba-261	111	7	the	the	DET
faba-261	111	8	notable	notable	ADJ
faba-261	111	9	downward	downward	ADJ
faba-261	111	10	spike	spike	NOUN
faba-261	111	11	in	in	ADP
faba-261	111	12	gdp	gdp	NOUN
faba-261	111	13	per	per	ADP
faba-261	111	14	capita	capita	NOUN
faba-261	111	15	between	between	ADP
faba-261	111	16	1990	1990	NUM
faba-261	111	17	and	and	CCONJ
faba-261	111	18	1992	1992	NUM
faba-261	111	19	can	can	AUX
faba-261	111	20	be	be	AUX
faba-261	111	21	linked	link	VERB
faba-261	111	22	to	to	ADP
faba-261	111	23	the	the	DET
faba-261	111	24	suspension	suspension	NOUN
faba-261	111	25	of	of	ADP
faba-261	111	26	the	the	DET
faba-261	111	27	balance	balance	NOUN
faba-261	111	28	of	of	ADP
faba-261	111	29	payments	payment	NOUN
faba-261	111	30	assistance	assistance	NOUN
faba-261	111	31	from	from	ADP
faba-261	111	32	bilateral	bilateral	ADJ
faba-261	111	33	donors	donor	NOUN
faba-261	111	34	,	,	PUNCT
faba-261	111	35	while	while	SCONJ
faba-261	111	36	the	the	DET
faba-261	111	37	downward	downward	ADJ
faba-261	111	38	spike	spike	NOUN
faba-261	111	39	in	in	ADP
faba-261	111	40	the	the	DET
faba-261	111	41	2019	2019	NUM
faba-261	111	42	-	-	SYM
faba-261	111	43	20	20	NUM
faba-261	111	44	period	period	NOUN
faba-261	111	45	is	be	AUX
faba-261	111	46	attributable	attributable	ADJ
faba-261	111	47	to	to	ADP
faba-261	111	48	the	the	DET
faba-261	111	49	covid-19	covid-19	PROPN
faba-261	111	50	pandemic	pandemic	ADJ
faba-261	111	51	shock	shock	NOUN
faba-261	111	52	and	and	CCONJ
faba-261	111	53	ongoing	ongoing	ADJ
faba-261	111	54	volatility	volatility	NOUN
faba-261	111	55	in	in	ADP
faba-261	111	56	the	the	DET
faba-261	111	57	global	global	ADJ
faba-261	111	58	financial	financial	ADJ
faba-261	111	59	system	system	NOUN
faba-261	111	60	(	(	PUNCT
faba-261	111	61	see	see	VERB
faba-261	111	62	also	also	ADV
faba-261	111	63	imf	imf	PROPN
faba-261	111	64	2022	2022	NUM
faba-261	111	65	)	)	PUNCT
faba-261	111	66	.	.	PUNCT
faba-261	112	1	methodology	methodology	NOUN
faba-261	112	2	data	datum	NOUN
faba-261	112	3	description	description	NOUN
faba-261	112	4	the	the	DET
faba-261	112	5	study	study	NOUN
faba-261	112	6	used	use	VERB
faba-261	112	7	annual	annual	ADJ
faba-261	112	8	time	time	NOUN
faba-261	112	9	-	-	PUNCT
faba-261	112	10	series	series	NOUN
faba-261	112	11	data	datum	NOUN
faba-261	112	12	from	from	ADP
faba-261	112	13	1980	1980	NUM
faba-261	112	14	to	to	ADP
faba-261	112	15	2021	2021	NUM
faba-261	112	16	.	.	PUNCT
faba-261	113	1	the	the	DET
faba-261	113	2	availability	availability	NOUN
faba-261	113	3	of	of	ADP
faba-261	113	4	reliable	reliable	ADJ
faba-261	113	5	and	and	CCONJ
faba-261	113	6	consistent	consistent	ADJ
faba-261	113	7	time	time	NOUN
faba-261	113	8	-	-	PUNCT
faba-261	113	9	series	series	NOUN
faba-261	113	10	data	datum	NOUN
faba-261	113	11	for	for	ADP
faba-261	113	12	each	each	PRON
faba-261	113	13	of	of	ADP
faba-261	113	14	the	the	DET
faba-261	113	15	model	model	NOUN
faba-261	113	16	variables	variable	VERB
faba-261	113	17	for	for	ADP
faba-261	113	18	the	the	DET
faba-261	113	19	study	study	NOUN
faba-261	113	20	country	country	NOUN
faba-261	113	21	influenced	influence	VERB
faba-261	113	22	the	the	DET
faba-261	113	23	selection	selection	NOUN
faba-261	113	24	of	of	ADP
faba-261	113	25	the	the	DET
faba-261	113	26	data	data	NOUN
faba-261	113	27	range	range	NOUN
faba-261	113	28	.	.	PUNCT
faba-261	114	1	the	the	DET
faba-261	114	2	data	datum	NOUN
faba-261	114	3	used	use	VERB
faba-261	114	4	in	in	ADP
faba-261	114	5	this	this	DET
faba-261	114	6	study	study	NOUN
faba-261	114	7	were	be	AUX
faba-261	114	8	obtained	obtain	VERB
faba-261	114	9	from	from	ADP
faba-261	114	10	the	the	DET
faba-261	114	11	world	world	PROPN
faba-261	114	12	bank	bank	PROPN
faba-261	114	13	's	's	PART
faba-261	114	14	online	online	ADJ
faba-261	114	15	database	database	NOUN
faba-261	114	16	.	.	PUNCT
faba-261	115	1	table	table	NOUN
faba-261	115	2	1	1	NUM
faba-261	115	3	presents	present	VERB
faba-261	115	4	the	the	DET
faba-261	115	5	definition	definition	NOUN
faba-261	115	6	of	of	ADP
faba-261	115	7	variables	variable	NOUN
faba-261	115	8	,	,	PUNCT
faba-261	115	9	measurements	measurement	NOUN
faba-261	115	10	,	,	PUNCT
faba-261	115	11	and	and	CCONJ
faba-261	115	12	expected	expect	VERB
faba-261	115	13	signs	sign	NOUN
faba-261	115	14	.	.	PUNCT
faba-261	116	1	table	table	NOUN
faba-261	116	2	1	1	NUM
faba-261	116	3	.	.	PUNCT
faba-261	117	1	definitions	definition	NOUN
faba-261	117	2	of	of	ADP
faba-261	117	3	variables	variable	NOUN
faba-261	117	4	and	and	CCONJ
faba-261	117	5	data	datum	NOUN
faba-261	117	6	sources	source	NOUN
faba-261	117	7	variables	variable	VERB
faba-261	117	8	definitions	definition	NOUN
faba-261	117	9	of	of	ADP
faba-261	117	10	variables	variable	NOUN
faba-261	117	11	(	(	PUNCT
faba-261	117	12	measurements	measurement	NOUN
faba-261	117	13	)	)	PUNCT
faba-261	117	14	a	a	DET
faba-261	117	15	priori	priori	ADJ
faba-261	117	16	expectation	expectation	NOUN
faba-261	117	17	economic	economic	ADJ
faba-261	117	18	growth	growth	NOUN
faba-261	117	19	(	(	PUNCT
faba-261	117	20	y	y	NOUN
faba-261	117	21	)	)	PUNCT
faba-261	117	22	gdp	gdp	NOUN
faba-261	117	23	per	per	ADP
faba-261	117	24	capita	capita	X
faba-261	117	25	(	(	PUNCT
faba-261	117	26	constant	constant	ADJ
faba-261	117	27	2015	2015	NUM
faba-261	117	28	us$	us$	NOUN
faba-261	117	29	)	)	PUNCT
faba-261	117	30	dependent	dependent	ADJ
faba-261	117	31	variable	variable	ADJ
faba-261	117	32	interest	interest	NOUN
faba-261	117	33	rate	rate	NOUN
faba-261	117	34	(	(	PUNCT
faba-261	117	35	int	int	NOUN
faba-261	117	36	)	)	PUNCT
faba-261	117	37	lending	lending	NOUN
faba-261	117	38	interest	interest	NOUN
faba-261	117	39	rate	rate	NOUN
faba-261	117	40	(	(	PUNCT
faba-261	117	41	%	%	INTJ
faba-261	117	42	)	)	PUNCT
faba-261	118	1	+	+	ADJ
faba-261	118	2	/	/	SYM
faba-261	118	3	investment	investment	NOUN
faba-261	118	4	(	(	PUNCT
faba-261	118	5	inv	inv	ADJ
faba-261	118	6	)	)	PUNCT
faba-261	118	7	gross	gross	ADJ
faba-261	118	8	fixed	fix	VERB
faba-261	118	9	capital	capital	NOUN
faba-261	118	10	formation	formation	NOUN
faba-261	118	11	(	(	PUNCT
faba-261	118	12	%	%	NOUN
faba-261	118	13	of	of	ADP
faba-261	118	14	gdp	gdp	NOUN
faba-261	118	15	)	)	PUNCT
faba-261	118	16	+	+	CCONJ
faba-261	118	17	financial	financial	ADJ
faba-261	118	18	development	development	NOUN
faba-261	118	19	(	(	PUNCT
faba-261	118	20	cred	cred	ADJ
faba-261	118	21	)	)	PUNCT
faba-261	118	22	domestic	domestic	ADJ
faba-261	118	23	credit	credit	NOUN
faba-261	118	24	to	to	ADP
faba-261	118	25	private	private	ADJ
faba-261	118	26	sector	sector	NOUN
faba-261	118	27	(	(	PUNCT
faba-261	118	28	%	%	NOUN
faba-261	118	29	of	of	ADP
faba-261	118	30	gdp	gdp	NOUN
faba-261	118	31	)	)	PUNCT
faba-261	118	32	+	+	NUM
faba-261	118	33	trade	trade	NOUN
faba-261	118	34	openness	openness	NOUN
faba-261	118	35	(	(	PUNCT
faba-261	118	36	to	to	PART
faba-261	118	37	)	)	PUNCT
faba-261	118	38	trade	trade	NOUN
faba-261	118	39	(	(	PUNCT
faba-261	118	40	%	%	NOUN
faba-261	118	41	of	of	ADP
faba-261	118	42	gdp	gdp	NOUN
faba-261	118	43	)	)	PUNCT
faba-261	118	44	+	+	ADJ
faba-261	118	45	/	/	SYM
faba-261	118	46	exchange	exchange	NOUN
faba-261	118	47	rate	rate	NOUN
faba-261	118	48	(	(	PUNCT
faba-261	118	49	exc	exc	NOUN
faba-261	118	50	)	)	PUNCT
faba-261	118	51	official	official	ADJ
faba-261	118	52	exchange	exchange	NOUN
faba-261	118	53	rate	rate	NOUN
faba-261	118	54	(	(	PUNCT
faba-261	118	55	lcu	lcu	VERB
faba-261	118	56	per	per	ADP
faba-261	118	57	us$	us$	SYM
faba-261	118	58	,	,	PUNCT
faba-261	118	59	period	period	NOUN
faba-261	118	60	average	average	NOUN
faba-261	118	61	)	)	PUNCT
faba-261	118	62	+	+	ADJ
faba-261	118	63	/	/	SYM
faba-261	118	64	model	model	NOUN
faba-261	118	65	specification	specification	NOUN
faba-261	118	66	the	the	DET
faba-261	118	67	baseline	baseline	NOUN
faba-261	118	68	model	model	NOUN
faba-261	118	69	used	use	VERB
faba-261	118	70	in	in	ADP
faba-261	118	71	this	this	DET
faba-261	118	72	study	study	NOUN
faba-261	118	73	is	be	AUX
faba-261	118	74	defined	define	VERB
faba-261	118	75	as	as	SCONJ
faba-261	118	76	follows	follow	VERB
faba-261	118	77	:	:	PUNCT
faba-261	118	78	yt	yt	PROPN
faba-261	118	79	=	=	SYM
faba-261	118	80	f(int	f(int	PROPN
faba-261	118	81	,	,	PUNCT
faba-261	118	82	inv	inv	ADJ
faba-261	118	83	,	,	PUNCT
faba-261	118	84	cred	cre	VERB
faba-261	118	85	,	,	PUNCT
faba-261	118	86	to	to	ADP
faba-261	118	87	,	,	PUNCT
faba-261	118	88	exc	exc	NOUN
faba-261	118	89	)	)	PUNCT
faba-261	118	90	(	(	PUNCT
faba-261	118	91	1	1	X
faba-261	118	92	)	)	PUNCT
faba-261	118	93	where	where	SCONJ
faba-261	118	94	table	table	NOUN
faba-261	118	95	1	1	NUM
faba-261	118	96	defines	define	VERB
faba-261	118	97	each	each	DET
faba-261	118	98	variable	variable	NOUN
faba-261	118	99	.	.	PUNCT
faba-261	119	1	in	in	ADP
faba-261	119	2	order	order	NOUN
faba-261	119	3	to	to	PART
faba-261	119	4	obtain	obtain	VERB
faba-261	119	5	elasticity	elasticity	NOUN
faba-261	119	6	coefficients	coefficient	NOUN
faba-261	119	7	on	on	ADP
faba-261	119	8	the	the	DET
faba-261	119	9	variables	variable	NOUN
faba-261	119	10	and	and	CCONJ
faba-261	119	11	minimise	minimise	VERB
faba-261	119	12	the	the	DET
faba-261	119	13	impact	impact	NOUN
faba-261	119	14	of	of	ADP
faba-261	119	15	outliers	outlier	NOUN
faba-261	119	16	,	,	PUNCT
faba-261	119	17	the	the	DET
faba-261	119	18	variables	variable	NOUN
faba-261	119	19	are	be	AUX
faba-261	119	20	converted	convert	VERB
faba-261	119	21	to	to	ADP
faba-261	119	22	logarithms	logarithm	NOUN
faba-261	119	23	.	.	PUNCT
faba-261	120	1	therefore	therefore	ADV
faba-261	120	2	,	,	PUNCT
faba-261	120	3	equation	equation	NOUN
faba-261	120	4	(	(	PUNCT
faba-261	120	5	1	1	X
faba-261	120	6	)	)	PUNCT
faba-261	120	7	is	be	AUX
faba-261	120	8	specified	specify	VERB
faba-261	120	9	as	as	SCONJ
faba-261	120	10	follows	follow	VERB
faba-261	120	11	:	:	PUNCT
faba-261	121	1	lyt	lyt	PROPN
faba-261	121	2	=	=	PUNCT
faba-261	121	3	α0	α0	PROPN
faba-261	121	4	+	+	NUM
faba-261	121	5	β1lintt	β1lintt	NOUN
faba-261	121	6	+	+	NUM
faba-261	121	7	β2linvt	β2linvt	NOUN
faba-261	121	8	+	+	CCONJ
faba-261	121	9	β3lcredt	β3lcredt	ADJ
faba-261	121	10	+	+	CCONJ
faba-261	121	11	β4ltot	β4ltot	ADJ
faba-261	121	12	+	+	X
faba-261	121	13	β5lexct	β5lexct	NOUN
faba-261	121	14	+	+	CCONJ
faba-261	121	15	μt	μt	NOUN
faba-261	121	16	(	(	PUNCT
faba-261	121	17	2	2	NUM
faba-261	121	18	)	)	PUNCT
faba-261	121	19	there	there	PRON
faba-261	121	20	is	be	VERB
faba-261	121	21	a	a	DET
faba-261	121	22	vast	vast	ADJ
faba-261	121	23	array	array	NOUN
faba-261	121	24	of	of	ADP
faba-261	121	25	literature	literature	NOUN
faba-261	121	26	that	that	PRON
faba-261	121	27	attempts	attempt	VERB
faba-261	121	28	to	to	PART
faba-261	121	29	theorise	theorise	VERB
faba-261	121	30	the	the	DET
faba-261	121	31	numerous	numerous	ADJ
faba-261	121	32	causes	cause	NOUN
faba-261	121	33	of	of	ADP
faba-261	121	34	economic	economic	ADJ
faba-261	121	35	growth	growth	NOUN
faba-261	121	36	.	.	PUNCT
faba-261	122	1	the	the	DET
faba-261	122	2	core	core	ADJ
faba-261	122	3	tenet	tenet	NOUN
faba-261	122	4	of	of	ADP
faba-261	122	5	the	the	DET
faba-261	122	6	harrod	harrod	NOUN
faba-261	122	7	-	-	PUNCT
faba-261	122	8	domar	domar	NOUN
faba-261	122	9	(	(	PUNCT
faba-261	122	10	h	h	NOUN
faba-261	122	11	-	-	PUNCT
faba-261	122	12	d	d	NOUN
faba-261	122	13	)	)	PUNCT
faba-261	122	14	model	model	NOUN
faba-261	122	15	of	of	ADP
faba-261	122	16	economic	economic	ADJ
faba-261	122	17	growth	growth	NOUN
faba-261	122	18	is	be	AUX
faba-261	122	19	that	that	SCONJ
faba-261	122	20	increased	increase	VERB
faba-261	122	21	production	production	NOUN
faba-261	122	22	levels	level	NOUN
faba-261	122	23	at	at	ADP
faba-261	122	24	the	the	DET
faba-261	122	25	micro	micro	ADJ
faba-261	122	26	and	and	CCONJ
faba-261	122	27	macro	macro	ADJ
faba-261	122	28	levels	level	NOUN
faba-261	122	29	are	be	AUX
faba-261	122	30	the	the	DET
faba-261	122	31	result	result	NOUN
faba-261	122	32	of	of	ADP
faba-261	122	33	a	a	DET
faba-261	122	34	progressive	progressive	ADJ
faba-261	122	35	accumulation	accumulation	NOUN
faba-261	122	36	of	of	ADP
faba-261	122	37	additional	additional	ADJ
faba-261	122	38	physical	physical	ADJ
faba-261	122	39	capital	capital	NOUN
faba-261	122	40	financed	finance	VERB
faba-261	122	41	by	by	ADP
faba-261	122	42	savings	saving	NOUN
faba-261	122	43	and	and	CCONJ
faba-261	122	44	investments	investment	NOUN
faba-261	122	45	(	(	PUNCT
faba-261	122	46	nguyen	nguyen	NOUN
faba-261	122	47	2023	2023	NUM
faba-261	122	48	)	)	PUNCT
faba-261	122	49	.	.	PUNCT
faba-261	123	1	subsequent	subsequent	ADJ
faba-261	123	2	to	to	ADP
faba-261	123	3	the	the	DET
faba-261	123	4	h	h	NOUN
faba-261	123	5	-	-	PUNCT
faba-261	123	6	d	d	PROPN
faba-261	123	7	model	model	NOUN
faba-261	123	8	is	be	AUX
faba-261	123	9	the	the	DET
faba-261	123	10	solow	solow	PROPN
faba-261	123	11	-	-	PUNCT
faba-261	123	12	swan	swan	PROPN
faba-261	123	13	model	model	NOUN
faba-261	123	14	,	,	PUNCT
faba-261	123	15	which	which	PRON
faba-261	123	16	emphasises	emphasise	VERB
faba-261	123	17	the	the	DET
faba-261	123	18	smooth	smooth	ADJ
faba-261	123	19	substitution	substitution	NOUN
faba-261	123	20	between	between	ADP
faba-261	123	21	capital	capital	NOUN
faba-261	123	22	and	and	CCONJ
faba-261	123	23	labour	labour	NOUN
faba-261	123	24	(	(	PUNCT
faba-261	123	25	nguyen	nguyen	NOUN
faba-261	123	26	2023	2023	NUM
faba-261	123	27	)	)	PUNCT
faba-261	123	28	.	.	PUNCT
faba-261	124	1	early	early	ADV
faba-261	124	2	in	in	ADP
faba-261	124	3	the	the	DET
faba-261	124	4	20th	20th	ADJ
faba-261	124	5	century	century	NOUN
faba-261	124	6	,	,	PUNCT
faba-261	124	7	financial	financial	ADJ
faba-261	124	8	depth	depth	NOUN
faba-261	124	9	and	and	CCONJ
faba-261	124	10	trade	trade	NOUN
faba-261	124	11	openness	openness	NOUN
faba-261	124	12	were	be	AUX
faba-261	124	13	recognised	recognise	VERB
faba-261	124	14	as	as	ADP
faba-261	124	15	crucial	crucial	ADJ
faba-261	124	16	components	component	NOUN
faba-261	124	17	of	of	ADP
faba-261	124	18	economic	economic	ADJ
faba-261	124	19	growth	growth	NOUN
faba-261	124	20	(	(	PUNCT
faba-261	124	21	odhiambo	odhiambo	X
faba-261	124	22	and	and	CCONJ
faba-261	124	23	saungweme	saungweme	NOUN
faba-261	124	24	2023a	2023a	NUM
faba-261	124	25	)	)	PUNCT
faba-261	124	26	.	.	PUNCT
faba-261	125	1	nyasha	nyasha	PROPN
faba-261	125	2	et	et	PROPN
faba-261	125	3	al	al	PROPN
faba-261	125	4	.	.	PROPN
faba-261	125	5	(	(	PUNCT
faba-261	125	6	2021	2021	NUM
faba-261	125	7	)	)	PUNCT
faba-261	125	8	,	,	PUNCT
faba-261	125	9	use	use	VERB
faba-261	125	10	gdp	gdp	NOUN
faba-261	125	11	per	per	ADP
faba-261	125	12	capita	capita	NOUN
faba-261	125	13	as	as	ADP
faba-261	125	14	the	the	DET
faba-261	125	15	dependent	dependent	ADJ
faba-261	125	16	variable	variable	NOUN
faba-261	125	17	to	to	PART
faba-261	125	18	facilitate	facilitate	VERB
faba-261	125	19	cross	cross	ADJ
faba-261	125	20	-	-	ADJ
faba-261	125	21	country	country	ADJ
faba-261	125	22	comparisons	comparison	NOUN
faba-261	125	23	of	of	ADP
faba-261	125	24	different	different	ADJ
faba-261	125	25	population	population	NOUN
faba-261	125	26	sizes	size	NOUN
faba-261	125	27	.	.	PUNCT
faba-261	126	1	in	in	ADP
faba-261	126	2	other	other	ADJ
faba-261	126	3	words	word	NOUN
faba-261	126	4	,	,	PUNCT
faba-261	126	5	gdp	gdp	NOUN
faba-261	126	6	per	per	ADP
faba-261	126	7	capita	capita	NOUN
faba-261	126	8	adjusts	adjust	VERB
faba-261	126	9	nominal	nominal	ADJ
faba-261	126	10	gdp	gdp	NOUN
faba-261	126	11	for	for	ADP
faba-261	126	12	changes	change	NOUN
faba-261	126	13	in	in	ADP
faba-261	126	14	price	price	NOUN
faba-261	126	15	levels	level	NOUN
faba-261	126	16	and	and	CCONJ
faba-261	126	17	population	population	NOUN
faba-261	126	18	growth	growth	NOUN
faba-261	126	19	.	.	PUNCT
faba-261	127	1	the	the	DET
faba-261	127	2	lending	lending	NOUN
faba-261	127	3	interest	interest	NOUN
faba-261	127	4	rate	rate	NOUN
faba-261	127	5	is	be	AUX
faba-261	127	6	the	the	DET
faba-261	127	7	primary	primary	ADJ
faba-261	127	8	independent	independent	ADJ
faba-261	127	9	variable	variable	NOUN
faba-261	127	10	in	in	ADP
faba-261	127	11	this	this	DET
faba-261	127	12	study	study	NOUN
faba-261	127	13	.	.	PUNCT
faba-261	128	1	theoretically	theoretically	ADV
faba-261	128	2	,	,	PUNCT
faba-261	128	3	interest	interest	NOUN
faba-261	128	4	rates	rate	NOUN
faba-261	128	5	are	be	AUX
faba-261	128	6	regarded	regard	VERB
faba-261	128	7	as	as	ADP
faba-261	128	8	the	the	DET
faba-261	128	9	costs	cost	NOUN
faba-261	128	10	of	of	ADP
faba-261	128	11	borrowing	borrow	VERB
faba-261	128	12	investment	investment	NOUN
faba-261	128	13	and	and	CCONJ
faba-261	128	14	consumption	consumption	NOUN
faba-261	128	15	funds	fund	NOUN
faba-261	128	16	from	from	ADP
faba-261	128	17	financial	financial	ADJ
faba-261	128	18	institutions	institution	NOUN
faba-261	128	19	.	.	PUNCT
faba-261	129	1	bank	bank	NOUN
faba-261	129	2	lending	lending	NOUN
faba-261	129	3	rates	rate	NOUN
faba-261	129	4	are	be	AUX
faba-261	129	5	expected	expect	VERB
faba-261	129	6	to	to	PART
faba-261	129	7	either	either	CCONJ
faba-261	129	8	have	have	VERB
faba-261	129	9	a	a	DET
faba-261	129	10	positive	positive	ADJ
faba-261	129	11	or	or	CCONJ
faba-261	129	12	negative	negative	ADJ
faba-261	129	13	relationship	relationship	NOUN
faba-261	129	14	with	with	ADP
faba-261	129	15	economic	economic	ADJ
faba-261	129	16	growth	growth	NOUN
faba-261	129	17	.	.	PUNCT
faba-261	130	1	a	a	DET
faba-261	130	2	decrease	decrease	NOUN
faba-261	130	3	in	in	ADP
faba-261	130	4	lending	lending	NOUN
faba-261	130	5	rates	rate	NOUN
faba-261	130	6	is	be	AUX
faba-261	130	7	expected	expect	VERB
faba-261	130	8	to	to	PART
faba-261	130	9	induce	induce	VERB
faba-261	130	10	borrowing	borrowing	NOUN
faba-261	130	11	for	for	ADP
faba-261	130	12	investment	investment	NOUN
faba-261	130	13	and	and	CCONJ
faba-261	130	14	consumption	consumption	NOUN
faba-261	130	15	,	,	PUNCT
faba-261	130	16	hence	hence	ADV
faba-261	130	17	leading	lead	VERB
faba-261	130	18	to	to	ADP
faba-261	130	19	economic	economic	ADJ
faba-261	130	20	growth	growth	NOUN
faba-261	130	21	(	(	PUNCT
faba-261	130	22	adabor	adabor	NOUN
faba-261	130	23	2022	2022	NUM
faba-261	130	24	;	;	PUNCT
faba-261	130	25	foldvary	foldvary	ADJ
faba-261	130	26	2015	2015	NUM
faba-261	130	27	)	)	PUNCT
faba-261	130	28	.	.	PUNCT
faba-261	131	1	however	however	ADV
faba-261	131	2	,	,	PUNCT
faba-261	131	3	an	an	DET
faba-261	131	4	increase	increase	NOUN
faba-261	131	5	in	in	ADP
faba-261	131	6	lending	lending	NOUN
faba-261	131	7	interest	interest	NOUN
faba-261	131	8	rates	rate	NOUN
faba-261	131	9	can	can	AUX
faba-261	131	10	lead	lead	VERB
faba-261	131	11	to	to	ADP
faba-261	131	12	a	a	DET
faba-261	131	13	decline	decline	NOUN
faba-261	131	14	in	in	ADP
faba-261	131	15	economic	economic	ADJ
faba-261	131	16	growth	growth	NOUN
faba-261	131	17	as	as	SCONJ
faba-261	131	18	it	it	PRON
faba-261	131	19	increases	increase	VERB
faba-261	131	20	the	the	DET
faba-261	131	21	cost	cost	NOUN
faba-261	131	22	of	of	ADP
faba-261	131	23	borrowing	borrowing	NOUN
faba-261	131	24	,	,	PUNCT
faba-261	131	25	which	which	PRON
faba-261	131	26	might	might	AUX
faba-261	131	27	discourage	discourage	VERB
faba-261	131	28	borrowing	borrowing	NOUN
faba-261	131	29	for	for	ADP
faba-261	131	30	investment	investment	NOUN
faba-261	131	31	and	and	CCONJ
faba-261	131	32	consumption	consumption	NOUN
faba-261	131	33	,	,	PUNCT
faba-261	131	34	which	which	PRON
faba-261	131	35	is	be	AUX
faba-261	131	36	needed	need	VERB
faba-261	131	37	to	to	PART
faba-261	131	38	grow	grow	VERB
faba-261	131	39	the	the	DET
faba-261	131	40	economy	economy	NOUN
faba-261	131	41	.	.	PUNCT
faba-261	132	1	the	the	DET
faba-261	132	2	incorporated	incorporate	VERB
faba-261	132	3	control	control	NOUN
faba-261	132	4	variables	variable	NOUN
faba-261	132	5	in	in	ADP
faba-261	132	6	model	model	NOUN
faba-261	132	7	1	1	NUM
faba-261	132	8	,	,	PUNCT
faba-261	132	9	namely	namely	ADV
faba-261	132	10	investment	investment	NOUN
faba-261	132	11	,	,	PUNCT
faba-261	132	12	financial	financial	ADJ
faba-261	132	13	development	development	NOUN
faba-261	132	14	,	,	PUNCT
faba-261	132	15	trade	trade	NOUN
faba-261	132	16	t.	t.	PROPN
faba-261	132	17	saungweme	saungweme	PROPN
faba-261	132	18	,	,	PUNCT
faba-261	132	19	g.	g.	PROPN
faba-261	132	20	maluleke	maluleke	PROPN
faba-261	132	21	,	,	PUNCT
faba-261	132	22	n.	n.	PROPN
faba-261	132	23	odhiambo	odhiambo	X
faba-261	132	24	/	/	SYM
faba-261	132	25	finance	finance	NOUN
faba-261	132	26	,	,	PUNCT
faba-261	132	27	accounting	accounting	NOUN
faba-261	132	28	and	and	CCONJ
faba-261	132	29	business	business	NOUN
faba-261	132	30	analysis	analysis	NOUN
faba-261	132	31	,	,	PUNCT
faba-261	132	32	volume	volume	NOUN
faba-261	132	33	7	7	NUM
faba-261	132	34	,	,	PUNCT
faba-261	132	35	issue	issue	NOUN
faba-261	132	36	1	1	NUM
faba-261	132	37	,	,	PUNCT
faba-261	132	38	2025	2025	NUM
faba-261	132	39	74	74	NUM
faba-261	132	40	openness	openness	NOUN
faba-261	132	41	,	,	PUNCT
faba-261	132	42	and	and	CCONJ
faba-261	132	43	exchange	exchange	NOUN
faba-261	132	44	rate	rate	NOUN
faba-261	132	45	,	,	PUNCT
faba-261	132	46	are	be	AUX
faba-261	132	47	buttressed	buttress	VERB
faba-261	132	48	by	by	ADP
faba-261	132	49	both	both	DET
faba-261	132	50	theory	theory	NOUN
faba-261	132	51	and	and	CCONJ
faba-261	132	52	prior	prior	ADJ
faba-261	132	53	empirical	empirical	ADJ
faba-261	132	54	evidence	evidence	NOUN
faba-261	132	55	;	;	PUNCT
faba-261	132	56	hence	hence	ADV
faba-261	132	57	,	,	PUNCT
faba-261	132	58	it	it	PRON
faba-261	132	59	is	be	AUX
faba-261	132	60	anticipated	anticipate	VERB
faba-261	132	61	that	that	SCONJ
faba-261	132	62	their	their	PRON
faba-261	132	63	coefficients	coefficient	NOUN
faba-261	132	64	will	will	AUX
faba-261	132	65	be	be	AUX
faba-261	132	66	statistically	statistically	ADV
faba-261	132	67	significant	significant	ADJ
faba-261	132	68	.	.	PUNCT
faba-261	133	1	the	the	DET
faba-261	133	2	solow	solow	PROPN
faba-261	133	3	-	-	PUNCT
faba-261	133	4	swan	swan	PROPN
faba-261	133	5	model	model	NOUN
faba-261	133	6	states	state	VERB
faba-261	133	7	that	that	SCONJ
faba-261	133	8	investment	investment	NOUN
faba-261	133	9	variations	variation	NOUN
faba-261	133	10	have	have	VERB
faba-261	133	11	an	an	DET
faba-261	133	12	impact	impact	NOUN
faba-261	133	13	on	on	ADP
faba-261	133	14	total	total	ADJ
faba-261	133	15	production	production	NOUN
faba-261	133	16	up	up	ADP
faba-261	133	17	until	until	SCONJ
faba-261	133	18	steady	steady	ADJ
faba-261	133	19	-	-	PUNCT
faba-261	133	20	state	state	NOUN
faba-261	133	21	per	per	X
faba-261	133	22	capita	capita	NOUN
faba-261	133	23	income	income	NOUN
faba-261	133	24	is	be	AUX
faba-261	133	25	reached	reach	VERB
faba-261	133	26	.	.	PUNCT
faba-261	134	1	this	this	PRON
faba-261	134	2	suggests	suggest	VERB
faba-261	134	3	that	that	SCONJ
faba-261	134	4	while	while	SCONJ
faba-261	134	5	investment	investment	NOUN
faba-261	134	6	has	have	VERB
faba-261	134	7	a	a	DET
faba-261	134	8	significant	significant	ADJ
faba-261	134	9	role	role	NOUN
faba-261	134	10	in	in	ADP
faba-261	134	11	determining	determine	VERB
faba-261	134	12	growth	growth	NOUN
faba-261	134	13	in	in	ADP
faba-261	134	14	the	the	DET
faba-261	134	15	short	short	ADJ
faba-261	134	16	term	term	NOUN
faba-261	134	17	,	,	PUNCT
faba-261	134	18	its	its	PRON
faba-261	134	19	impact	impact	NOUN
faba-261	134	20	on	on	ADP
faba-261	134	21	national	national	ADJ
faba-261	134	22	output	output	NOUN
faba-261	134	23	is	be	AUX
faba-261	134	24	essentially	essentially	ADV
faba-261	134	25	neutral	neutral	ADJ
faba-261	134	26	over	over	ADP
faba-261	134	27	the	the	DET
faba-261	134	28	long	long	ADJ
faba-261	134	29	term	term	NOUN
faba-261	134	30	.	.	PUNCT
faba-261	135	1	empirical	empirical	ADJ
faba-261	135	2	studies	study	NOUN
faba-261	135	3	consistent	consistent	ADJ
faba-261	135	4	with	with	ADP
faba-261	135	5	a	a	DET
faba-261	135	6	positive	positive	ADJ
faba-261	135	7	relationship	relationship	NOUN
faba-261	135	8	between	between	ADP
faba-261	135	9	investment	investment	NOUN
faba-261	135	10	and	and	CCONJ
faba-261	135	11	economic	economic	ADJ
faba-261	135	12	growth	growth	NOUN
faba-261	135	13	include	include	VERB
faba-261	135	14	odhiambo	odhiambo	NOUN
faba-261	135	15	and	and	CCONJ
faba-261	135	16	saungweme	saungweme	NOUN
faba-261	135	17	(	(	PUNCT
faba-261	135	18	2023b	2023b	NUM
faba-261	135	19	)	)	PUNCT
faba-261	135	20	and	and	CCONJ
faba-261	135	21	ibrahimov	ibrahimov	ADJ
faba-261	135	22	et	et	PROPN
faba-261	135	23	al	al	PROPN
faba-261	135	24	.	.	PROPN
faba-261	136	1	(	(	PUNCT
faba-261	136	2	2023	2023	NUM
faba-261	136	3	)	)	PUNCT
faba-261	136	4	.	.	PUNCT
faba-261	137	1	the	the	DET
faba-261	137	2	inclusion	inclusion	NOUN
faba-261	137	3	of	of	ADP
faba-261	137	4	financial	financial	ADJ
faba-261	137	5	development	development	NOUN
faba-261	137	6	in	in	ADP
faba-261	137	7	the	the	DET
faba-261	137	8	model	model	NOUN
faba-261	137	9	is	be	AUX
faba-261	137	10	due	due	ADJ
faba-261	137	11	to	to	ADP
faba-261	137	12	the	the	DET
faba-261	137	13	perceived	perceive	VERB
faba-261	137	14	positive	positive	ADJ
faba-261	137	15	spillover	spillover	NOUN
faba-261	137	16	effects	effect	NOUN
faba-261	137	17	in	in	ADP
faba-261	137	18	an	an	DET
faba-261	137	19	economy	economy	NOUN
faba-261	137	20	reliant	reliant	ADJ
faba-261	137	21	on	on	ADP
faba-261	137	22	knowledge	knowledge	NOUN
faba-261	137	23	and	and	CCONJ
faba-261	137	24	technology	technology	NOUN
faba-261	137	25	,	,	PUNCT
faba-261	137	26	which	which	PRON
faba-261	137	27	ultimately	ultimately	ADV
faba-261	137	28	leads	lead	VERB
faba-261	137	29	to	to	ADP
faba-261	137	30	economic	economic	ADJ
faba-261	137	31	growth	growth	NOUN
faba-261	137	32	(	(	PUNCT
faba-261	137	33	giri	giri	PROPN
faba-261	137	34	et	et	PROPN
faba-261	137	35	al	al	PROPN
faba-261	137	36	.	.	PROPN
faba-261	137	37	2023	2023	NUM
faba-261	137	38	)	)	PUNCT
faba-261	137	39	.	.	PUNCT
faba-261	138	1	furthermore	furthermore	ADV
faba-261	138	2	,	,	PUNCT
faba-261	138	3	the	the	DET
faba-261	138	4	underlying	underlying	ADJ
faba-261	138	5	theory	theory	NOUN
faba-261	138	6	supporting	support	VERB
faba-261	138	7	the	the	DET
faba-261	138	8	inclusion	inclusion	NOUN
faba-261	138	9	of	of	ADP
faba-261	138	10	trade	trade	NOUN
faba-261	138	11	openness	openness	NOUN
faba-261	138	12	in	in	ADP
faba-261	138	13	the	the	DET
faba-261	138	14	baseline	baseline	NOUN
faba-261	138	15	model	model	NOUN
faba-261	138	16	argues	argue	VERB
faba-261	138	17	that	that	SCONJ
faba-261	138	18	trade	trade	NOUN
faba-261	138	19	openness	openness	NOUN
faba-261	138	20	either	either	CCONJ
faba-261	138	21	amplifies	amplify	VERB
faba-261	138	22	or	or	CCONJ
faba-261	138	23	attenuates	attenuate	VERB
faba-261	138	24	the	the	DET
faba-261	138	25	effects	effect	NOUN
faba-261	138	26	of	of	ADP
faba-261	138	27	globalisation	globalisation	NOUN
faba-261	138	28	,	,	PUNCT
faba-261	138	29	which	which	PRON
faba-261	138	30	in	in	ADP
faba-261	138	31	turn	turn	NOUN
faba-261	138	32	encourages	encourage	VERB
faba-261	138	33	technology	technology	NOUN
faba-261	138	34	transfer	transfer	NOUN
faba-261	138	35	and	and	CCONJ
faba-261	138	36	foreign	foreign	ADJ
faba-261	138	37	direct	direct	ADJ
faba-261	138	38	investment	investment	NOUN
faba-261	138	39	,	,	PUNCT
faba-261	138	40	which	which	PRON
faba-261	138	41	eventually	eventually	ADV
faba-261	138	42	influences	influence	VERB
faba-261	138	43	economic	economic	ADJ
faba-261	138	44	growth	growth	NOUN
faba-261	138	45	(	(	PUNCT
faba-261	138	46	chen	chen	PROPN
faba-261	138	47	et	et	PROPN
faba-261	138	48	al	al	PROPN
faba-261	138	49	.	.	PROPN
faba-261	138	50	2020	2020	NUM
faba-261	138	51	)	)	PUNCT
faba-261	138	52	.	.	PUNCT
faba-261	139	1	however	however	ADV
faba-261	139	2	,	,	PUNCT
faba-261	139	3	baliamoune	baliamoune	NOUN
faba-261	139	4	-	-	PUNCT
faba-261	139	5	lutz	lutz	NOUN
faba-261	139	6	and	and	CCONJ
faba-261	139	7	ndikumana	ndikumana	PROPN
faba-261	139	8	(	(	PUNCT
faba-261	139	9	2007	2007	NUM
faba-261	139	10	)	)	PUNCT
faba-261	139	11	,	,	PUNCT
faba-261	139	12	in	in	ADP
faba-261	139	13	their	their	PRON
faba-261	139	14	panel	panel	NOUN
faba-261	139	15	data	data	VERB
faba-261	139	16	analysis	analysis	NOUN
faba-261	139	17	from	from	ADP
faba-261	139	18	39	39	NUM
faba-261	139	19	african	african	ADJ
faba-261	139	20	countries	country	NOUN
faba-261	139	21	covering	cover	VERB
faba-261	139	22	the	the	DET
faba-261	139	23	period	period	NOUN
faba-261	139	24	1975	1975	NUM
faba-261	139	25	-	-	SYM
faba-261	139	26	2001	2001	NUM
faba-261	139	27	,	,	PUNCT
faba-261	139	28	found	find	VERB
faba-261	139	29	evidence	evidence	NOUN
faba-261	139	30	in	in	ADP
faba-261	139	31	support	support	NOUN
faba-261	139	32	of	of	ADP
faba-261	139	33	a	a	DET
faba-261	139	34	negative	negative	ADJ
faba-261	139	35	relationship	relationship	NOUN
faba-261	139	36	between	between	ADP
faba-261	139	37	trade	trade	NOUN
faba-261	139	38	openness	openness	NOUN
faba-261	139	39	and	and	CCONJ
faba-261	139	40	economic	economic	ADJ
faba-261	139	41	growth	growth	NOUN
faba-261	139	42	.	.	PUNCT
faba-261	140	1	this	this	DET
faba-261	140	2	relationship	relationship	NOUN
faba-261	140	3	was	be	AUX
faba-261	140	4	caused	cause	VERB
faba-261	140	5	by	by	ADP
faba-261	140	6	weak	weak	ADJ
faba-261	140	7	institutions	institution	NOUN
faba-261	140	8	in	in	ADP
faba-261	140	9	the	the	DET
faba-261	140	10	studied	study	VERB
faba-261	140	11	economies	economy	NOUN
faba-261	140	12	.	.	PUNCT
faba-261	141	1	the	the	DET
faba-261	141	2	role	role	NOUN
faba-261	141	3	of	of	ADP
faba-261	141	4	exchange	exchange	NOUN
faba-261	141	5	rates	rate	NOUN
faba-261	141	6	in	in	ADP
faba-261	141	7	influencing	influence	VERB
faba-261	141	8	economic	economic	ADJ
faba-261	141	9	growth	growth	NOUN
faba-261	141	10	can	can	AUX
faba-261	141	11	not	not	PART
faba-261	141	12	be	be	AUX
faba-261	141	13	understated	understate	VERB
faba-261	141	14	,	,	PUNCT
faba-261	141	15	particularly	particularly	ADV
faba-261	141	16	in	in	ADP
faba-261	141	17	an	an	DET
faba-261	141	18	analysis	analysis	NOUN
faba-261	141	19	of	of	ADP
faba-261	141	20	a	a	DET
faba-261	141	21	commodity	commodity	NOUN
faba-261	141	22	-	-	PUNCT
faba-261	141	23	exporting	export	VERB
faba-261	141	24	country	country	NOUN
faba-261	141	25	,	,	PUNCT
faba-261	141	26	such	such	ADJ
faba-261	141	27	as	as	ADP
faba-261	141	28	kenya	kenya	PROPN
faba-261	141	29	.	.	PUNCT
faba-261	142	1	overvalued	overvalue	VERB
faba-261	142	2	currencies	currency	NOUN
faba-261	142	3	can	can	AUX
faba-261	142	4	be	be	AUX
faba-261	142	5	linked	link	VERB
faba-261	142	6	to	to	ADP
faba-261	142	7	macroeconomic	macroeconomic	ADJ
faba-261	142	8	instability	instability	NOUN
faba-261	142	9	,	,	PUNCT
faba-261	142	10	rent	rent	NOUN
faba-261	142	11	-	-	PUNCT
faba-261	142	12	seeking	seeking	NOUN
faba-261	142	13	and	and	CCONJ
faba-261	142	14	corruption	corruption	NOUN
faba-261	142	15	,	,	PUNCT
faba-261	142	16	unsustainable	unsustainable	ADJ
faba-261	142	17	high	high	ADJ
faba-261	142	18	current	current	ADJ
faba-261	142	19	account	account	NOUN
faba-261	142	20	deficits	deficit	NOUN
faba-261	142	21	,	,	PUNCT
faba-261	142	22	foreign	foreign	ADJ
faba-261	142	23	exchange	exchange	NOUN
faba-261	142	24	shortages	shortage	NOUN
faba-261	142	25	,	,	PUNCT
faba-261	142	26	and	and	CCONJ
faba-261	142	27	balance	balance	NOUN
faba-261	142	28	of	of	ADP
faba-261	142	29	payments	payment	NOUN
faba-261	142	30	crises	crisis	NOUN
faba-261	142	31	(	(	PUNCT
faba-261	142	32	rodrik	rodrik	NOUN
faba-261	142	33	2008	2008	NUM
faba-261	142	34	)	)	PUNCT
faba-261	142	35	.	.	PUNCT
faba-261	143	1	all	all	DET
faba-261	143	2	these	these	DET
faba-261	143	3	factors	factor	NOUN
faba-261	143	4	are	be	AUX
faba-261	143	5	detrimental	detrimental	ADJ
faba-261	143	6	to	to	ADP
faba-261	143	7	economic	economic	ADJ
faba-261	143	8	growth	growth	NOUN
faba-261	143	9	.	.	PUNCT
faba-261	144	1	estimation	estimation	NOUN
faba-261	144	2	techniques	technique	NOUN
faba-261	144	3	this	this	DET
faba-261	144	4	study	study	NOUN
faba-261	144	5	applies	apply	VERB
faba-261	144	6	a	a	DET
faba-261	144	7	nonlinear	nonlinear	ADJ
faba-261	144	8	autoregressive	autoregressive	ADJ
faba-261	144	9	distributed	distribute	VERB
faba-261	144	10	lag	lag	NOUN
faba-261	144	11	(	(	PUNCT
faba-261	144	12	nardl	nardl	NOUN
faba-261	144	13	)	)	PUNCT
faba-261	144	14	model	model	NOUN
faba-261	144	15	.	.	PUNCT
faba-261	145	1	the	the	DET
faba-261	145	2	nardl	nardl	NOUN
faba-261	145	3	model	model	NOUN
faba-261	145	4	explicitly	explicitly	ADV
faba-261	145	5	captures	capture	VERB
faba-261	145	6	the	the	DET
faba-261	145	7	short	short	ADJ
faba-261	145	8	-	-	PUNCT
faba-261	145	9	run	run	NOUN
faba-261	145	10	and	and	CCONJ
faba-261	145	11	long	long	ADV
faba-261	145	12	-	-	PUNCT
faba-261	145	13	run	run	NOUN
faba-261	145	14	asymmetries	asymmetry	NOUN
faba-261	145	15	(	(	PUNCT
faba-261	145	16	positive	positive	ADJ
faba-261	145	17	and	and	CCONJ
faba-261	145	18	negative	negative	ADJ
faba-261	145	19	shocks	shock	NOUN
faba-261	145	20	)	)	PUNCT
faba-261	145	21	in	in	ADP
faba-261	145	22	lending	lend	VERB
faba-261	145	23	interest	interest	NOUN
faba-261	145	24	rates	rate	NOUN
faba-261	145	25	on	on	ADP
faba-261	145	26	economic	economic	ADJ
faba-261	145	27	growth	growth	NOUN
faba-261	145	28	—	—	PUNCT
faba-261	145	29	a	a	DET
faba-261	145	30	major	major	ADJ
faba-261	145	31	advantage	advantage	NOUN
faba-261	145	32	over	over	ADP
faba-261	145	33	linear	linear	ADJ
faba-261	145	34	vector	vector	NOUN
faba-261	145	35	autoregressive	autoregressive	ADJ
faba-261	145	36	models	model	NOUN
faba-261	145	37	.	.	PUNCT
faba-261	146	1	the	the	DET
faba-261	146	2	cumulative	cumulative	ADJ
faba-261	146	3	dynamic	dynamic	ADJ
faba-261	146	4	multipliers	multiplier	NOUN
faba-261	146	5	of	of	ADP
faba-261	146	6	the	the	DET
faba-261	146	7	nardl	nardl	NOUN
faba-261	146	8	model	model	NOUN
faba-261	146	9	further	far	ADV
faba-261	146	10	explain	explain	VERB
faba-261	146	11	the	the	DET
faba-261	146	12	speed	speed	NOUN
faba-261	146	13	with	with	ADP
faba-261	146	14	which	which	PRON
faba-261	146	15	economic	economic	ADJ
faba-261	146	16	growth	growth	NOUN
faba-261	146	17	returns	return	NOUN
faba-261	146	18	to	to	ADP
faba-261	146	19	equilibrium	equilibrium	NOUN
faba-261	146	20	following	follow	VERB
faba-261	146	21	a	a	DET
faba-261	146	22	negative	negative	ADJ
faba-261	146	23	or	or	CCONJ
faba-261	146	24	positive	positive	ADJ
faba-261	146	25	shock	shock	NOUN
faba-261	146	26	in	in	ADP
faba-261	146	27	lending	lend	VERB
faba-261	146	28	interest	interest	NOUN
faba-261	146	29	rates	rate	NOUN
faba-261	146	30	(	(	PUNCT
faba-261	146	31	shin	shin	PROPN
faba-261	146	32	et	et	PROPN
faba-261	146	33	al	al	PROPN
faba-261	146	34	.	.	PROPN
faba-261	146	35	2014	2014	NUM
faba-261	146	36	)	)	PUNCT
faba-261	146	37	.	.	PUNCT
faba-261	147	1	the	the	DET
faba-261	147	2	superiority	superiority	NOUN
faba-261	147	3	of	of	ADP
faba-261	147	4	nardl	nardl	NOUN
faba-261	147	5	over	over	ADP
faba-261	147	6	other	other	ADJ
faba-261	147	7	competing	compete	VERB
faba-261	147	8	techniques	technique	NOUN
faba-261	147	9	is	be	AUX
faba-261	147	10	its	its	PRON
faba-261	147	11	ability	ability	NOUN
faba-261	147	12	to	to	PART
faba-261	147	13	give	give	VERB
faba-261	147	14	reliable	reliable	ADJ
faba-261	147	15	coefficients	coefficient	NOUN
faba-261	147	16	even	even	ADV
faba-261	147	17	in	in	ADP
faba-261	147	18	small	small	ADJ
faba-261	147	19	samples	sample	NOUN
faba-261	147	20	,	,	PUNCT
faba-261	147	21	account	account	VERB
faba-261	147	22	for	for	ADP
faba-261	147	23	short	short	ADJ
faba-261	147	24	-	-	PUNCT
faba-261	147	25	run	run	NOUN
faba-261	147	26	volatilities	volatility	NOUN
faba-261	147	27	and	and	CCONJ
faba-261	147	28	structural	structural	ADJ
faba-261	147	29	break	break	NOUN
faba-261	147	30	problems	problem	NOUN
faba-261	147	31	in	in	ADP
faba-261	147	32	the	the	DET
faba-261	147	33	data	datum	NOUN
faba-261	147	34	,	,	PUNCT
faba-261	147	35	account	account	VERB
faba-261	147	36	for	for	ADP
faba-261	147	37	endogeneity	endogeneity	NOUN
faba-261	147	38	among	among	ADP
faba-261	147	39	all	all	DET
faba-261	147	40	the	the	DET
faba-261	147	41	variables	variable	NOUN
faba-261	147	42	,	,	PUNCT
faba-261	147	43	and	and	CCONJ
faba-261	147	44	its	its	PRON
faba-261	147	45	applicability	applicability	NOUN
faba-261	147	46	to	to	ADP
faba-261	147	47	data	datum	NOUN
faba-261	147	48	with	with	ADP
faba-261	147	49	mixed	mixed	ADJ
faba-261	147	50	orders	order	NOUN
faba-261	147	51	of	of	ADP
faba-261	147	52	integration	integration	NOUN
faba-261	147	53	of	of	ADP
faba-261	147	54	at	at	ADP
faba-261	147	55	most	most	ADV
faba-261	147	56	one	one	NOUN
faba-261	147	57	(	(	PUNCT
faba-261	147	58	shin	shin	NOUN
faba-261	147	59	et	et	PROPN
faba-261	147	60	al	al	PROPN
faba-261	147	61	.	.	PROPN
faba-261	147	62	2014	2014	NUM
faba-261	147	63	)	)	PUNCT
faba-261	147	64	.	.	PUNCT
faba-261	148	1	thus	thus	ADV
faba-261	148	2	,	,	PUNCT
faba-261	148	3	following	follow	VERB
faba-261	148	4	shin	shin	PROPN
faba-261	148	5	et	et	PROPN
faba-261	148	6	al	al	PROPN
faba-261	148	7	.	.	PROPN
faba-261	149	1	(	(	PUNCT
faba-261	149	2	2014	2014	NUM
faba-261	149	3	)	)	PUNCT
faba-261	149	4	,	,	PUNCT
faba-261	149	5	interest	interest	NOUN
faba-261	149	6	rates	rate	NOUN
faba-261	149	7	can	can	AUX
faba-261	149	8	be	be	AUX
faba-261	149	9	decomposed	decompose	VERB
faba-261	149	10	into	into	ADP
faba-261	149	11	partial	partial	ADJ
faba-261	149	12	sums	sum	NOUN
faba-261	149	13	of	of	ADP
faba-261	149	14	positive	positive	ADJ
faba-261	149	15	changes	change	NOUN
faba-261	149	16	and	and	CCONJ
faba-261	149	17	negative	negative	ADJ
faba-261	149	18	changes	change	NOUN
faba-261	149	19	,	,	PUNCT
faba-261	149	20	making	make	VERB
faba-261	149	21	it	it	PRON
faba-261	149	22	possible	possible	ADJ
faba-261	149	23	to	to	PART
faba-261	149	24	examine	examine	VERB
faba-261	149	25	the	the	DET
faba-261	149	26	marginal	marginal	ADJ
faba-261	149	27	impact	impact	NOUN
faba-261	149	28	of	of	ADP
faba-261	149	29	the	the	DET
faba-261	149	30	two	two	NUM
faba-261	149	31	components	component	NOUN
faba-261	149	32	on	on	ADP
faba-261	149	33	economic	economic	ADJ
faba-261	149	34	growth	growth	NOUN
faba-261	149	35	in	in	ADP
faba-261	149	36	kenya	kenya	PROPN
faba-261	149	37	.	.	PUNCT
faba-261	150	1	this	this	PRON
faba-261	150	2	gives	give	VERB
faba-261	150	3	the	the	DET
faba-261	150	4	following	follow	VERB
faba-261	150	5	expression	expression	NOUN
faba-261	150	6	:	:	PUNCT
faba-261	151	1	lyt	lyt	X
faba-261	151	2	=	=	PUNCT
faba-261	151	3	η+lintt	η+lintt	PROPN
faba-261	152	1	+	+	CCONJ
faba-261	152	2	+	+	CCONJ
faba-261	152	3	η−lintt	η−lintt	ADP
faba-261	153	1	−	−	NOUN
faba-261	154	1	+	+	CCONJ
faba-261	154	2	zt	zt	PROPN
faba-261	154	3	+	+	NOUN
faba-261	154	4	ξ1	ξ1	PROPN
faba-261	154	5	t	t	PROPN
faba-261	154	6	(	(	PUNCT
faba-261	154	7	3	3	NUM
faba-261	154	8	)	)	PUNCT
faba-261	154	9	where	where	SCONJ
faba-261	154	10	:	:	PUNCT
faba-261	154	11	𝑙𝐼𝑁𝑇𝑡	𝑙𝐼𝑁𝑇𝑡	X
faba-261	155	1	+	+	NUM
faba-261	155	2	=	=	PUNCT
faba-261	155	3	∑	∑	PUNCT
faba-261	155	4	∆𝑙𝐼𝑁𝑇𝑡	∆𝑙𝐼𝑁𝑇𝑡	PROPN
faba-261	155	5	+	+	NUM
faba-261	155	6	𝑡	𝑡	PROPN
faba-261	155	7	𝑘=1	𝑘=1	NOUN
faba-261	155	8	=	=	PUNCT
faba-261	155	9	∑	∑	PUNCT
faba-261	155	10	max(∆𝑙𝐼𝑁𝑇𝑘	max(∆𝑙𝐼𝑁𝑇𝑘	NOUN
faba-261	155	11	;	;	PUNCT
faba-261	155	12	0	0	NUM
faba-261	155	13	)	)	PUNCT
faba-261	155	14	𝑡	𝑡	NOUN
faba-261	156	1	𝑘=1	𝑘=1	X
faba-261	156	2	(	(	PUNCT
faba-261	156	3	4	4	NUM
faba-261	156	4	)	)	PUNCT
faba-261	156	5	𝑙𝐼𝑁𝑇𝑡	𝑙𝐼𝑁𝑇𝑡	NOUN
faba-261	157	1	−	−	NOUN
faba-261	157	2	=	=	PUNCT
faba-261	157	3	∑	∑	PUNCT
faba-261	158	1	∆𝑙𝐼𝑁𝑇𝑡	∆𝑙𝐼𝑁𝑇𝑡	PROPN
faba-261	158	2	−	−	PROPN
faba-261	158	3	𝑡	𝑡	PROPN
faba-261	158	4	𝑘=1	𝑘=1	NOUN
faba-261	158	5	=	=	PUNCT
faba-261	158	6	∑	∑	PUNCT
faba-261	158	7	min(∆𝑙𝐼𝑁𝑇𝑘	min(∆𝑙𝐼𝑁𝑇𝑘	INTJ
faba-261	158	8	;	;	PUNCT
faba-261	158	9	0	0	NUM
faba-261	158	10	)	)	PUNCT
faba-261	158	11	𝑡	𝑡	NOUN
faba-261	159	1	𝑘=1	𝑘=1	X
faba-261	159	2	(	(	PUNCT
faba-261	159	3	5	5	NUM
faba-261	159	4	)	)	PUNCT
faba-261	159	5	where	where	SCONJ
faba-261	159	6	∆	∆	PROPN
faba-261	159	7	change	change	NOUN
faba-261	159	8	,	,	PUNCT
faba-261	159	9	z	z	PROPN
faba-261	159	10	is	be	AUX
faba-261	159	11	a	a	DET
faba-261	159	12	set	set	NOUN
faba-261	159	13	of	of	ADP
faba-261	159	14	control	control	NOUN
faba-261	159	15	variables	variable	NOUN
faba-261	159	16	,	,	PUNCT
faba-261	159	17	𝜉1𝑡	𝜉1𝑡	PROPN
faba-261	159	18	is	be	AUX
faba-261	159	19	white	white	ADJ
faba-261	159	20	noise	noise	NOUN
faba-261	159	21	error	error	NOUN
faba-261	159	22	term	term	NOUN
faba-261	159	23	.	.	PUNCT
faba-261	160	1	using	use	VERB
faba-261	160	2	equations	equation	NOUN
faba-261	160	3	(	(	PUNCT
faba-261	160	4	4	4	NUM
faba-261	160	5	)	)	PUNCT
faba-261	160	6	and	and	CCONJ
faba-261	160	7	(	(	PUNCT
faba-261	160	8	5	5	NUM
faba-261	160	9	)	)	PUNCT
faba-261	160	10	,	,	PUNCT
faba-261	160	11	the	the	DET
faba-261	160	12	nardl	nardl	NOUN
faba-261	160	13	framework	framework	NOUN
faba-261	160	14	as	as	SCONJ
faba-261	160	15	defined	define	VERB
faba-261	160	16	by	by	ADP
faba-261	160	17	shin	shin	PROPN
faba-261	160	18	et	et	PROPN
faba-261	160	19	al	al	PROPN
faba-261	160	20	.	.	PROPN
faba-261	161	1	(	(	PUNCT
faba-261	161	2	2014	2014	NUM
faba-261	161	3	)	)	PUNCT
faba-261	161	4	is	be	AUX
faba-261	161	5	specified	specify	VERB
faba-261	161	6	as	as	ADP
faba-261	161	7	:	:	PUNCT
faba-261	161	8	∆𝑙𝑌𝑡	∆𝑙𝑌𝑡	X
faba-261	161	9	=	=	SYM
faba-261	161	10	𝜅0	𝜅0	PROPN
faba-261	161	11	+	+	NOUN
faba-261	161	12	∑	∑	PROPN
faba-261	161	13	𝜆1𝑖∆𝑙𝑌𝑡−𝑖	𝜆1𝑖∆𝑙𝑌𝑡−𝑖	NUM
faba-261	161	14	+	+	CCONJ
faba-261	161	15	𝜌	𝜌	X
faba-261	161	16	𝑖=1	𝑖=1	PUNCT
faba-261	161	17	∑	∑	PUNCT
faba-261	161	18	𝜆2𝑖	𝜆2𝑖	VERB
faba-261	162	1	+	+	CCONJ
faba-261	162	2	∆𝑙𝐼𝑁𝑇𝑡−𝑖	∆𝑙𝐼𝑁𝑇𝑡−𝑖	X
faba-261	162	3	+	+	CCONJ
faba-261	163	1	+	+	CCONJ
faba-261	163	2	𝜐1	𝜐1	NOUN
faba-261	163	3	𝑖=0	𝑖=0	PROPN
faba-261	163	4	∑	∑	PROPN
faba-261	163	5	𝜆3𝑖	𝜆3𝑖	ADJ
faba-261	163	6	−	−	NOUN
faba-261	163	7	∆𝑙𝐼𝑁𝑇𝑡−𝑖	∆𝑙𝐼𝑁𝑇𝑡−𝑖	VERB
faba-261	164	1	−	−	NOUN
faba-261	165	1	+	+	CCONJ
faba-261	165	2	𝜐2	𝜐2	PROPN
faba-261	165	3	𝑖=0	𝑖=0	PROPN
faba-261	165	4	∑	∑	ADP
faba-261	165	5	𝜆4𝑖∆𝑙𝐼𝑁𝑉𝑡−𝑖	𝜆4𝑖∆𝑙𝐼𝑁𝑉𝑡−𝑖	DET
faba-261	165	6	𝜐3	𝜐3	NOUN
faba-261	165	7	𝑖=0	𝑖=0	PROPN
faba-261	166	1	+	+	CCONJ
faba-261	166	2	∑	∑	PUNCT
faba-261	166	3	𝜆5𝑖	𝜆5𝑖	VERB
faba-261	166	4	𝜐4	𝜐4	ADJ
faba-261	166	5	𝑖=0	𝑖=0	ADJ
faba-261	166	6	∆𝑙𝐶𝑅𝐸𝐷𝑡−𝑖	∆𝑙𝐶𝑅𝐸𝐷𝑡−𝑖	NOUN
faba-261	167	1	+	+	CCONJ
faba-261	167	2	∑	∑	PUNCT
faba-261	167	3	𝜆6𝑖∆𝑙𝑇𝑂𝑡−𝑖	𝜆6𝑖∆𝑙𝑇𝑂𝑡−𝑖	ADJ
faba-261	167	4	𝜐5	𝜐5	NOUN
faba-261	167	5	𝑖=0	𝑖=0	PROPN
faba-261	168	1	+	+	CCONJ
faba-261	168	2	∑	∑	PROPN
faba-261	168	3	𝜆7𝑖∆𝑙𝐸𝑋𝐶𝑡−𝑖	𝜆7𝑖∆𝑙𝐸𝑋𝐶𝑡−𝑖	PROPN
faba-261	168	4	𝜐6	𝜐6	PROPN
faba-261	168	5	𝑖=0	𝑖=0	PROPN
faba-261	168	6	+	+	PROPN
faba-261	168	7	𝜓1𝑙𝑌𝑡−1	𝜓1𝑙𝑌𝑡−1	PROPN
faba-261	168	8	+	+	CCONJ
faba-261	168	9	𝜓2	𝜓2	NOUN
faba-261	168	10	+	+	CCONJ
faba-261	168	11	𝑙𝐼𝑁𝑇𝑡−1	𝑙𝐼𝑁𝑇𝑡−1	X
faba-261	168	12	+	+	CCONJ
faba-261	168	13	+	+	CCONJ
faba-261	168	14	𝜓3	𝜓3	NOUN
faba-261	168	15	−𝑙𝐼𝑁𝑇𝑡−1	−𝑙𝐼𝑁𝑇𝑡−1	VERB
faba-261	168	16	−	−	PROPN
faba-261	169	1	+	+	CCONJ
faba-261	169	2	𝜓4𝑙𝐼𝑁𝑉𝑡−1	𝜓4𝑙𝐼𝑁𝑉𝑡−1	NOUN
faba-261	169	3	+	+	CCONJ
faba-261	169	4	𝜓5𝑙𝐶𝑅𝐸𝐷𝑡−1	𝜓5𝑙𝐶𝑅𝐸𝐷𝑡−1	NOUN
faba-261	169	5	+	+	X
faba-261	169	6	𝜓6𝑙𝑇𝑂𝑡−1	𝜓6𝑙𝑇𝑂𝑡−1	NUM
faba-261	169	7	+	+	NUM
faba-261	169	8	𝜓7𝑙𝐸𝑋𝐶𝑡−1	𝜓7𝑙𝐸𝑋𝐶𝑡−1	VERB
faba-261	169	9	+	+	NOUN
faba-261	169	10	𝜉2𝑡	𝜉2𝑡	NOUN
faba-261	169	11	(	(	PUNCT
faba-261	169	12	6	6	NUM
faba-261	169	13	)	)	PUNCT
faba-261	169	14	where	where	SCONJ
faba-261	169	15	𝜌	𝜌	ADV
faba-261	169	16	;	;	PUNCT
faba-261	169	17	𝜐1	𝜐1	NOUN
faba-261	169	18	−	−	PROPN
faba-261	169	19	𝜐6	𝜐6	PROPN
faba-261	169	20	is	be	AUX
faba-261	169	21	optimal	optimal	ADJ
faba-261	169	22	lag	lag	NOUN
faba-261	169	23	order	order	NOUN
faba-261	169	24	,	,	PUNCT
faba-261	169	25	𝜅0	𝜅0	PROPN
faba-261	169	26	is	be	AUX
faba-261	169	27	constant	constant	ADJ
faba-261	169	28	,	,	PUNCT
faba-261	169	29	𝜆1	𝜆1	NOUN
faba-261	169	30	,	,	PUNCT
faba-261	169	31	𝜆4	𝜆4	NOUN
faba-261	169	32	,	,	PUNCT
faba-261	169	33	𝜆5	𝜆5	PROPN
faba-261	169	34	,	,	PUNCT
faba-261	169	35	𝜆6	𝜆6	PROPN
faba-261	169	36	,	,	PUNCT
faba-261	169	37	𝜆7	𝜆7	PROPN
faba-261	169	38	𝑎𝑛𝑑	𝑎𝑛𝑑	PROPN
faba-261	169	39	𝜆8	𝜆8	PROPN
faba-261	169	40	are	be	AUX
faba-261	169	41	short	short	ADJ
faba-261	169	42	-	-	PUNCT
faba-261	169	43	run	run	NOUN
faba-261	169	44	t.	t.	NOUN
faba-261	169	45	saungweme	saungweme	PROPN
faba-261	169	46	,	,	PUNCT
faba-261	169	47	g.	g.	PROPN
faba-261	169	48	maluleke	maluleke	PROPN
faba-261	169	49	,	,	PUNCT
faba-261	169	50	n.	n.	PROPN
faba-261	169	51	odhiambo	odhiambo	X
faba-261	169	52	/	/	SYM
faba-261	169	53	finance	finance	NOUN
faba-261	169	54	,	,	PUNCT
faba-261	169	55	accounting	accounting	NOUN
faba-261	169	56	and	and	CCONJ
faba-261	169	57	business	business	NOUN
faba-261	169	58	analysis	analysis	NOUN
faba-261	169	59	,	,	PUNCT
faba-261	169	60	volume	volume	NOUN
faba-261	169	61	7	7	NUM
faba-261	169	62	,	,	PUNCT
faba-261	169	63	issue	issue	NOUN
faba-261	169	64	1	1	NUM
faba-261	169	65	,	,	PUNCT
faba-261	169	66	2025	2025	NUM
faba-261	169	67	75	75	NUM
faba-261	169	68	coefficients	coefficient	NOUN
faba-261	169	69	,	,	PUNCT
faba-261	169	70	𝜆2𝑖	𝜆2𝑖	VERB
faba-261	170	1	+	+	CCONJ
faba-261	170	2	𝑎𝑛𝑑	𝑎𝑛𝑑	ADJ
faba-261	170	3	𝜆2𝑖	𝜆2𝑖	PUNCT
faba-261	170	4	−	−	PROPN
faba-261	170	5	are	be	AUX
faba-261	170	6	short	short	ADJ
faba-261	170	7	-	-	PUNCT
faba-261	170	8	run	run	NOUN
faba-261	170	9	asymmetric	asymmetric	ADJ
faba-261	170	10	distributed	distribute	VERB
faba-261	170	11	lag	lag	NOUN
faba-261	170	12	parameters	parameter	NOUN
faba-261	170	13	,	,	PUNCT
faba-261	170	14	𝜓1	𝜓1	NOUN
faba-261	170	15	,	,	PUNCT
faba-261	170	16	𝜓4	𝜓4	PROPN
faba-261	170	17	,	,	PUNCT
faba-261	170	18	𝜓5	𝜓5	NOUN
faba-261	170	19	,	,	PUNCT
faba-261	170	20	𝜓6	𝜓6	PROPN
faba-261	170	21	,	,	PUNCT
faba-261	170	22	𝜓7𝑎𝑛𝑑	𝜓7𝑎𝑛𝑑	ADJ
faba-261	170	23	𝜓8	𝜓8	NOUN
faba-261	170	24	are	be	AUX
faba-261	170	25	long	long	ADV
faba-261	170	26	-	-	PUNCT
faba-261	170	27	run	run	NOUN
faba-261	170	28	coefficients	coefficient	NOUN
faba-261	170	29	,	,	PUNCT
faba-261	170	30	𝜓2	𝜓2	NOUN
faba-261	170	31	+	+	CCONJ
faba-261	170	32	𝑎𝑛𝑑	𝑎𝑛𝑑	ADJ
faba-261	170	33	𝜓2	𝜓2	NOUN
faba-261	170	34	−	−	PROPN
faba-261	170	35	are	be	AUX
faba-261	170	36	long	long	ADV
faba-261	170	37	-	-	PUNCT
faba-261	170	38	run	run	VERB
faba-261	170	39	asymmetric	asymmetric	ADJ
faba-261	170	40	distributed	distribute	VERB
faba-261	170	41	lag	lag	NOUN
faba-261	170	42	parameters	parameter	NOUN
faba-261	170	43	,	,	PUNCT
faba-261	170	44	𝜉2𝑡	𝜉2𝑡	NOUN
faba-261	170	45	is	be	AUX
faba-261	170	46	white	white	ADJ
faba-261	170	47	noise	noise	NOUN
faba-261	170	48	error	error	NOUN
faba-261	170	49	term	term	NOUN
faba-261	170	50	,	,	PUNCT
faba-261	170	51	t	t	PROPN
faba-261	170	52	is	be	AUX
faba-261	170	53	time	time	NOUN
faba-261	170	54	period	period	NOUN
faba-261	170	55	and	and	CCONJ
faba-261	170	56	l	l	NOUN
faba-261	170	57	is	be	AUX
faba-261	170	58	natural	natural	ADJ
faba-261	170	59	logarithmic	logarithmic	ADJ
faba-261	170	60	transformation	transformation	NOUN
faba-261	170	61	.	.	PUNCT
faba-261	171	1	all	all	DET
faba-261	171	2	other	other	ADJ
faba-261	171	3	variables	variable	NOUN
faba-261	171	4	are	be	AUX
faba-261	171	5	as	as	ADP
faba-261	171	6	defined	define	VERB
faba-261	171	7	in	in	ADP
faba-261	171	8	table	table	NOUN
faba-261	171	9	1	1	NUM
faba-261	171	10	.	.	X
faba-261	171	11	cointegration	cointegration	NOUN
faba-261	171	12	in	in	ADP
faba-261	171	13	a	a	DET
faba-261	171	14	nardl	nardl	NOUN
faba-261	171	15	model	model	NOUN
faba-261	171	16	setting	setting	NOUN
faba-261	171	17	is	be	AUX
faba-261	171	18	ascertained	ascertain	VERB
faba-261	171	19	by	by	ADP
faba-261	171	20	comparing	compare	VERB
faba-261	171	21	the	the	DET
faba-261	171	22	computed	computed	ADJ
faba-261	171	23	f	f	NOUN
faba-261	171	24	-	-	PUNCT
faba-261	171	25	statistic	statistic	NOUN
faba-261	171	26	to	to	ADP
faba-261	171	27	the	the	DET
faba-261	171	28	upper	upper	ADJ
faba-261	171	29	and	and	CCONJ
faba-261	171	30	lower	low	ADJ
faba-261	171	31	critical	critical	ADJ
faba-261	171	32	bounds	bound	NOUN
faba-261	171	33	from	from	ADP
faba-261	171	34	pesaran	pesaran	PROPN
faba-261	171	35	et	et	PROPN
faba-261	171	36	al	al	PROPN
faba-261	171	37	.	.	PROPN
faba-261	172	1	(	(	PUNCT
faba-261	172	2	2001	2001	NUM
faba-261	172	3	)	)	PUNCT
faba-261	172	4	critical	critical	ADJ
faba-261	172	5	values	value	NOUN
faba-261	172	6	.	.	PUNCT
faba-261	173	1	the	the	DET
faba-261	173	2	asymmetric	asymmetric	ADJ
faba-261	173	3	impact	impact	NOUN
faba-261	173	4	of	of	ADP
faba-261	173	5	lending	lend	VERB
faba-261	173	6	interest	interest	NOUN
faba-261	173	7	rates	rate	NOUN
faba-261	173	8	on	on	ADP
faba-261	173	9	economic	economic	ADJ
faba-261	173	10	growth	growth	NOUN
faba-261	173	11	in	in	ADP
faba-261	173	12	kenya	kenya	PROPN
faba-261	173	13	is	be	AUX
faba-261	173	14	ascertained	ascertain	VERB
faba-261	173	15	if	if	SCONJ
faba-261	173	16	𝜓2	𝜓2	PROPN
faba-261	173	17	+	+	CCONJ
faba-261	173	18	≠	≠	PROPN
faba-261	173	19	𝜓3	𝜓3	VERB
faba-261	173	20	−.	−.	ADV
faba-261	173	21	if	if	SCONJ
faba-261	173	22	this	this	DET
faba-261	173	23	condition	condition	NOUN
faba-261	173	24	holds	hold	VERB
faba-261	173	25	,	,	PUNCT
faba-261	173	26	then	then	ADV
faba-261	173	27	the	the	DET
faba-261	173	28	following	follow	VERB
faba-261	173	29	error	error	NOUN
faba-261	173	30	correction	correction	NOUN
faba-261	173	31	model	model	NOUN
faba-261	173	32	(	(	PUNCT
faba-261	173	33	ecm	ecm	PROPN
faba-261	173	34	)	)	PUNCT
faba-261	173	35	is	be	AUX
faba-261	173	36	specified	specify	VERB
faba-261	173	37	:	:	PUNCT
faba-261	173	38	𝑙𝑌𝑡	𝑙𝑌𝑡	X
faba-261	173	39	=	=	PUNCT
faba-261	174	1	𝜅0	𝜅0	PROPN
faba-261	174	2	+	+	CCONJ
faba-261	174	3	∑	∑	PROPN
faba-261	174	4	𝜆1𝑖∆𝑙𝑌𝑡−𝑖	𝜆1𝑖∆𝑙𝑌𝑡−𝑖	NUM
faba-261	175	1	+	+	CCONJ
faba-261	175	2	𝜌	𝜌	X
faba-261	175	3	𝑖=1	𝑖=1	PUNCT
faba-261	175	4	∑	∑	PUNCT
faba-261	175	5	𝜆2𝑖	𝜆2𝑖	VERB
faba-261	175	6	+	+	CCONJ
faba-261	175	7	∆𝑙𝐼𝑁𝑇𝑡−𝑖	∆𝑙𝐼𝑁𝑇𝑡−𝑖	X
faba-261	176	1	+	+	CCONJ
faba-261	176	2	+	+	CCONJ
faba-261	176	3	𝜐1	𝜐1	NOUN
faba-261	176	4	𝑖=0	𝑖=0	PROPN
faba-261	176	5	∑	∑	PROPN
faba-261	176	6	𝜆3𝑖	𝜆3𝑖	ADJ
faba-261	176	7	−	−	NOUN
faba-261	176	8	∆𝑙𝐼𝑁𝑇𝑡−𝑖	∆𝑙𝐼𝑁𝑇𝑡−𝑖	VERB
faba-261	177	1	−	−	NOUN
faba-261	178	1	+	+	CCONJ
faba-261	178	2	𝜐2	𝜐2	PROPN
faba-261	178	3	𝑖=0	𝑖=0	PROPN
faba-261	178	4	∑	∑	ADP
faba-261	178	5	𝜆4𝑖∆𝑙𝐼𝑁𝑉𝑡−𝑖	𝜆4𝑖∆𝑙𝐼𝑁𝑉𝑡−𝑖	DET
faba-261	178	6	𝜐3	𝜐3	NOUN
faba-261	178	7	𝑖=0	𝑖=0	PROPN
faba-261	179	1	+	+	CCONJ
faba-261	179	2	∑	∑	PUNCT
faba-261	179	3	𝜆5𝑖	𝜆5𝑖	VERB
faba-261	179	4	𝜐4	𝜐4	ADJ
faba-261	179	5	𝑖=0	𝑖=0	ADJ
faba-261	179	6	∆𝑙𝐶𝑅𝐸𝐷𝑡−𝑖	∆𝑙𝐶𝑅𝐸𝐷𝑡−𝑖	NOUN
faba-261	180	1	+	+	CCONJ
faba-261	180	2	∑	∑	PUNCT
faba-261	180	3	𝜆6𝑖∆𝑙𝑇𝑂𝑡−𝑖	𝜆6𝑖∆𝑙𝑇𝑂𝑡−𝑖	ADJ
faba-261	180	4	𝜐5	𝜐5	NOUN
faba-261	180	5	𝑖=0	𝑖=0	PROPN
faba-261	180	6	+	+	CCONJ
faba-261	180	7	∑	∑	PUNCT
faba-261	180	8	𝜆7𝑖∆𝑙𝐸𝑋𝐶𝑡−𝑖	𝜆7𝑖∆𝑙𝐸𝑋𝐶𝑡−𝑖	NOUN
faba-261	181	1	+	+	CCONJ
faba-261	181	2	𝜙𝐸𝐶𝑀𝑡−1	𝜙𝐸𝐶𝑀𝑡−1	ADJ
faba-261	181	3	+	+	CCONJ
faba-261	181	4	𝜉3𝑡	𝜉3𝑡	VERB
faba-261	181	5	𝜐7	𝜐7	ADJ
faba-261	181	6	𝑖=0	𝑖=0	PROPN
faba-261	181	7	(	(	PUNCT
faba-261	181	8	7	7	NUM
faba-261	181	9	)	)	PUNCT
faba-261	181	10	where	where	SCONJ
faba-261	181	11	𝜙	𝜙	NOUN
faba-261	181	12	is	be	AUX
faba-261	181	13	coefficient	coefficient	NOUN
faba-261	181	14	of	of	ADP
faba-261	181	15	the	the	DET
faba-261	181	16	error	error	NOUN
faba-261	181	17	term	term	NOUN
faba-261	181	18	and	and	CCONJ
faba-261	181	19	ecm	ecm	NOUN
faba-261	181	20	is	be	AUX
faba-261	181	21	error	error	NOUN
faba-261	181	22	correction	correction	NOUN
faba-261	181	23	term	term	NOUN
faba-261	181	24	.	.	PUNCT
faba-261	182	1	to	to	PART
faba-261	182	2	confirm	confirm	VERB
faba-261	182	3	convergence	convergence	NOUN
faba-261	182	4	to	to	ADP
faba-261	182	5	long	long	ADV
faba-261	182	6	-	-	PUNCT
faba-261	182	7	run	run	VERB
faba-261	182	8	equilibrium	equilibrium	NOUN
faba-261	182	9	following	follow	VERB
faba-261	182	10	a	a	DET
faba-261	182	11	shock	shock	NOUN
faba-261	182	12	or	or	CCONJ
faba-261	182	13	short	short	ADJ
faba-261	182	14	-	-	PUNCT
faba-261	182	15	term	term	NOUN
faba-261	182	16	disequilibrium	disequilibrium	NOUN
faba-261	182	17	,	,	PUNCT
faba-261	182	18	the	the	DET
faba-261	182	19	coefficient	coefficient	NOUN
faba-261	182	20	of	of	ADP
faba-261	182	21	the	the	DET
faba-261	182	22	error	error	NOUN
faba-261	182	23	correction	correction	NOUN
faba-261	182	24	term	term	NOUN
faba-261	182	25	(	(	PUNCT
faba-261	182	26	𝜙	𝜙	NOUN
faba-261	182	27	)	)	PUNCT
faba-261	182	28	is	be	AUX
faba-261	182	29	anticipated	anticipate	VERB
faba-261	182	30	to	to	PART
faba-261	182	31	be	be	AUX
faba-261	182	32	negative	negative	ADJ
faba-261	182	33	and	and	CCONJ
faba-261	182	34	statistically	statistically	ADV
faba-261	182	35	significant	significant	ADJ
faba-261	182	36	,	,	PUNCT
faba-261	182	37	lying	lie	VERB
faba-261	182	38	between	between	ADP
faba-261	182	39	0	0	NUM
faba-261	182	40	and	and	CCONJ
faba-261	182	41	1	1	NUM
faba-261	182	42	.	.	PUNCT
faba-261	183	1	the	the	DET
faba-261	183	2	current	current	ADJ
faba-261	183	3	paper	paper	NOUN
faba-261	183	4	makes	make	VERB
faba-261	183	5	use	use	NOUN
faba-261	183	6	of	of	ADP
faba-261	183	7	time	time	NOUN
faba-261	183	8	series	series	PROPN
faba-261	183	9	data	data	PROPN
faba-261	183	10	,	,	PUNCT
faba-261	183	11	so	so	SCONJ
faba-261	183	12	it	it	PRON
faba-261	183	13	is	be	AUX
faba-261	183	14	necessary	necessary	ADJ
faba-261	183	15	to	to	PART
faba-261	183	16	pre	pre	VERB
faba-261	183	17	-	-	VERB
faba-261	183	18	test	test	VERB
faba-261	183	19	each	each	DET
faba-261	183	20	variable	variable	NOUN
faba-261	183	21	for	for	ADP
faba-261	183	22	unit	unit	NOUN
faba-261	183	23	root	root	NOUN
faba-261	183	24	in	in	ADP
faba-261	183	25	order	order	NOUN
faba-261	183	26	to	to	PART
faba-261	183	27	prevent	prevent	VERB
faba-261	183	28	spurious	spurious	ADJ
faba-261	183	29	regressions	regression	NOUN
faba-261	183	30	and	and	CCONJ
faba-261	183	31	to	to	PART
faba-261	183	32	determine	determine	VERB
faba-261	183	33	the	the	DET
faba-261	183	34	order	order	NOUN
faba-261	183	35	of	of	ADP
faba-261	183	36	integration	integration	NOUN
faba-261	183	37	for	for	ADP
faba-261	183	38	each	each	DET
faba-261	183	39	variable	variable	NOUN
faba-261	183	40	.	.	PUNCT
faba-261	184	1	according	accord	VERB
faba-261	184	2	to	to	ADP
faba-261	184	3	pesaran	pesaran	PROPN
faba-261	184	4	et	et	PROPN
faba-261	184	5	al	al	PROPN
faba-261	184	6	.	.	PROPN
faba-261	185	1	(	(	PUNCT
faba-261	185	2	2001	2001	NUM
faba-261	185	3	)	)	PUNCT
faba-261	185	4	and	and	CCONJ
faba-261	185	5	shin	shin	NOUN
faba-261	185	6	et	et	PROPN
faba-261	185	7	al	al	PROPN
faba-261	185	8	.	.	PROPN
faba-261	186	1	(	(	PUNCT
faba-261	186	2	2014	2014	NUM
faba-261	186	3	)	)	PUNCT
faba-261	186	4	,	,	PUNCT
faba-261	186	5	the	the	DET
faba-261	186	6	nardl	nardl	NOUN
faba-261	186	7	model	model	NOUN
faba-261	186	8	requires	require	VERB
faba-261	186	9	that	that	SCONJ
faba-261	186	10	no	no	DET
faba-261	186	11	variable	variable	NOUN
faba-261	186	12	be	be	AUX
faba-261	186	13	integrated	integrate	VERB
faba-261	186	14	of	of	ADP
faba-261	186	15	an	an	DET
faba-261	186	16	order	order	NOUN
faba-261	186	17	higher	high	ADJ
faba-261	186	18	than	than	ADP
faba-261	186	19	one	one	NUM
faba-261	186	20	.	.	PUNCT
faba-261	187	1	to	to	PART
faba-261	187	2	distinctly	distinctly	ADV
faba-261	187	3	determine	determine	VERB
faba-261	187	4	the	the	DET
faba-261	187	5	order	order	NOUN
faba-261	187	6	of	of	ADP
faba-261	187	7	integration	integration	NOUN
faba-261	187	8	,	,	PUNCT
faba-261	187	9	the	the	DET
faba-261	187	10	paper	paper	NOUN
faba-261	187	11	uses	use	VERB
faba-261	187	12	three	three	NUM
faba-261	187	13	techniques	technique	NOUN
faba-261	187	14	,	,	PUNCT
faba-261	187	15	namely	namely	ADV
faba-261	187	16	,	,	PUNCT
faba-261	187	17	the	the	DET
faba-261	187	18	dickey	dickey	NOUN
faba-261	187	19	-	-	PUNCT
faba-261	187	20	fuller	fuller	NOUN
faba-261	187	21	generalised	generalise	VERB
faba-261	187	22	least	least	ADV
faba-261	187	23	square	square	ADJ
faba-261	187	24	(	(	PUNCT
faba-261	187	25	df	df	NOUN
faba-261	187	26	-	-	PUNCT
faba-261	187	27	gls	gl	VERB
faba-261	187	28	)	)	PUNCT
faba-261	187	29	,	,	PUNCT
faba-261	187	30	phillips	phillips	PROPN
faba-261	187	31	-	-	PUNCT
faba-261	187	32	perron	perron	PROPN
faba-261	187	33	(	(	PUNCT
faba-261	187	34	pp	pp	PROPN
faba-261	187	35	)	)	PUNCT
faba-261	187	36	and	and	CCONJ
faba-261	187	37	zivotandrews	zivotandrew	NOUN
faba-261	187	38	(	(	PUNCT
faba-261	187	39	zauroot	zauroot	NOUN
faba-261	187	40	)	)	PUNCT
faba-261	187	41	techniques	technique	NOUN
faba-261	187	42	.	.	PUNCT
faba-261	188	1	the	the	DET
faba-261	188	2	paper	paper	NOUN
faba-261	188	3	incorporates	incorporate	VERB
faba-261	188	4	the	the	DET
faba-261	188	5	zauroot	zauroot	NOUN
faba-261	188	6	technique	technique	NOUN
faba-261	188	7	so	so	SCONJ
faba-261	188	8	as	as	SCONJ
faba-261	188	9	to	to	PART
faba-261	188	10	correct	correct	VERB
faba-261	188	11	for	for	ADP
faba-261	188	12	structural	structural	ADJ
faba-261	188	13	breaks	break	NOUN
faba-261	188	14	and	and	CCONJ
faba-261	188	15	,	,	PUNCT
faba-261	188	16	therefore	therefore	ADV
faba-261	188	17	,	,	PUNCT
faba-261	188	18	correctly	correctly	ADV
faba-261	188	19	determine	determine	VERB
faba-261	188	20	the	the	DET
faba-261	188	21	order	order	NOUN
faba-261	188	22	of	of	ADP
faba-261	188	23	integration	integration	NOUN
faba-261	188	24	among	among	ADP
faba-261	188	25	the	the	DET
faba-261	188	26	variables	variable	NOUN
faba-261	188	27	.	.	PUNCT
faba-261	189	1	after	after	ADP
faba-261	189	2	ascertaining	ascertain	VERB
faba-261	189	3	the	the	DET
faba-261	189	4	order	order	NOUN
faba-261	189	5	of	of	ADP
faba-261	189	6	integration	integration	NOUN
faba-261	189	7	for	for	ADP
faba-261	189	8	each	each	DET
faba-261	189	9	variable	variable	NOUN
faba-261	189	10	,	,	PUNCT
faba-261	189	11	the	the	DET
faba-261	189	12	paper	paper	NOUN
faba-261	189	13	then	then	ADV
faba-261	189	14	conducts	conduct	VERB
faba-261	189	15	a	a	DET
faba-261	189	16	cointegration	cointegration	NOUN
faba-261	189	17	test	test	NOUN
faba-261	189	18	to	to	PART
faba-261	189	19	ascertain	ascertain	VERB
faba-261	189	20	the	the	DET
faba-261	189	21	applicability	applicability	NOUN
faba-261	189	22	of	of	ADP
faba-261	189	23	the	the	DET
faba-261	189	24	nardl	nardl	NOUN
faba-261	189	25	process	process	NOUN
faba-261	189	26	.	.	PUNCT
faba-261	190	1	the	the	DET
faba-261	190	2	paper	paper	NOUN
faba-261	190	3	also	also	ADV
faba-261	190	4	undertakes	undertake	VERB
faba-261	190	5	nonlinearity	nonlinearity	NOUN
faba-261	190	6	tests	test	NOUN
faba-261	190	7	in	in	ADP
faba-261	190	8	the	the	DET
faba-261	190	9	series	series	NOUN
faba-261	190	10	using	use	VERB
faba-261	190	11	the	the	DET
faba-261	190	12	bds	bds	NOUN
faba-261	190	13	test	test	NOUN
faba-261	190	14	.	.	PUNCT
faba-261	191	1	the	the	DET
faba-261	191	2	null	null	ADJ
faba-261	191	3	hypothesis	hypothesis	NOUN
faba-261	191	4	of	of	ADP
faba-261	191	5	linearity	linearity	NOUN
faba-261	191	6	,	,	PUNCT
faba-261	191	7	under	under	ADP
faba-261	191	8	various	various	ADJ
faba-261	191	9	bds	bds	NOUN
faba-261	191	10	dimensions	dimension	NOUN
faba-261	191	11	(	(	PUNCT
faba-261	191	12	m	m	NOUN
faba-261	191	13	=	=	SYM
faba-261	191	14	2	2	NUM
faba-261	191	15	,	,	PUNCT
faba-261	191	16	3	3	NUM
faba-261	191	17	,	,	PUNCT
faba-261	191	18	4	4	NUM
faba-261	191	19	,	,	PUNCT
faba-261	191	20	5	5	NUM
faba-261	191	21	,	,	PUNCT
faba-261	191	22	6	6	NUM
faba-261	191	23	)	)	PUNCT
faba-261	191	24	,	,	PUNCT
faba-261	191	25	is	be	AUX
faba-261	191	26	put	put	VERB
faba-261	191	27	to	to	ADP
faba-261	191	28	the	the	DET
faba-261	191	29	test	test	NOUN
faba-261	191	30	.	.	PUNCT
faba-261	192	1	the	the	DET
faba-261	192	2	wald	wald	PROPN
faba-261	192	3	test	test	NOUN
faba-261	192	4	is	be	AUX
faba-261	192	5	also	also	ADV
faba-261	192	6	included	include	VERB
faba-261	192	7	in	in	ADP
faba-261	192	8	this	this	DET
faba-261	192	9	paper	paper	NOUN
faba-261	192	10	to	to	PART
faba-261	192	11	check	check	VERB
faba-261	192	12	for	for	ADP
faba-261	192	13	both	both	CCONJ
faba-261	192	14	short	short	ADJ
faba-261	192	15	-	-	PUNCT
faba-261	192	16	run	run	NOUN
faba-261	192	17	and	and	CCONJ
faba-261	192	18	long	long	ADV
faba-261	192	19	-	-	PUNCT
faba-261	192	20	run	run	NOUN
faba-261	192	21	asymmetries	asymmetry	NOUN
faba-261	192	22	.	.	PUNCT
faba-261	193	1	after	after	ADP
faba-261	193	2	undertaking	undertake	VERB
faba-261	193	3	these	these	DET
faba-261	193	4	preliminary	preliminary	ADJ
faba-261	193	5	checks	check	NOUN
faba-261	193	6	,	,	PUNCT
faba-261	193	7	the	the	DET
faba-261	193	8	paper	paper	NOUN
faba-261	193	9	proceeds	proceed	VERB
faba-261	193	10	to	to	PART
faba-261	193	11	estimate	estimate	VERB
faba-261	193	12	the	the	DET
faba-261	193	13	asymmetrical	asymmetrical	ADJ
faba-261	193	14	longand	longand	NOUN
faba-261	193	15	short	short	ADJ
faba-261	193	16	-	-	PUNCT
faba-261	193	17	run	run	NOUN
faba-261	193	18	effects	effect	NOUN
faba-261	193	19	of	of	ADP
faba-261	193	20	lending	lend	VERB
faba-261	193	21	interest	interest	NOUN
faba-261	193	22	rates	rate	NOUN
faba-261	193	23	on	on	ADP
faba-261	193	24	economic	economic	ADJ
faba-261	193	25	growth	growth	NOUN
faba-261	193	26	using	use	VERB
faba-261	193	27	equations	equation	NOUN
faba-261	193	28	5	5	NUM
faba-261	193	29	and	and	CCONJ
faba-261	193	30	6	6	NUM
faba-261	193	31	.	.	PUNCT
faba-261	194	1	finally	finally	ADV
faba-261	194	2	,	,	PUNCT
faba-261	194	3	the	the	DET
faba-261	194	4	paper	paper	NOUN
faba-261	194	5	carries	carry	VERB
faba-261	194	6	out	out	ADP
faba-261	194	7	post	post	ADJ
faba-261	194	8	-	-	ADJ
faba-261	194	9	diagnostic	diagnostic	ADJ
faba-261	194	10	tests	test	NOUN
faba-261	194	11	,	,	PUNCT
faba-261	194	12	including	include	VERB
faba-261	194	13	the	the	DET
faba-261	194	14	recursive	recursive	ADJ
faba-261	194	15	cusum	cusum	NOUN
faba-261	194	16	and	and	CCONJ
faba-261	194	17	cusumsq	cusumsq	ADV
faba-261	194	18	tests	test	NOUN
faba-261	194	19	,	,	PUNCT
faba-261	194	20	to	to	PART
faba-261	194	21	check	check	VERB
faba-261	194	22	the	the	DET
faba-261	194	23	null	null	ADJ
faba-261	194	24	hypothesis	hypothesis	NOUN
faba-261	194	25	that	that	PRON
faba-261	194	26	the	the	DET
faba-261	194	27	parameters	parameter	NOUN
faba-261	194	28	are	be	AUX
faba-261	194	29	unstable	unstable	ADJ
faba-261	194	30	.	.	PUNCT
faba-261	195	1	the	the	DET
faba-261	195	2	dynamic	dynamic	ADJ
faba-261	195	3	multiplier	multipli	ADJ
faba-261	195	4	tests	test	NOUN
faba-261	195	5	further	far	ADV
faba-261	195	6	show	show	VERB
faba-261	195	7	graphically	graphically	ADV
faba-261	195	8	the	the	DET
faba-261	195	9	rate	rate	NOUN
faba-261	195	10	of	of	ADP
faba-261	195	11	response	response	NOUN
faba-261	195	12	of	of	ADP
faba-261	195	13	economic	economic	ADJ
faba-261	195	14	growth	growth	NOUN
faba-261	195	15	to	to	ADP
faba-261	195	16	positive	positive	ADJ
faba-261	195	17	and	and	CCONJ
faba-261	195	18	negative	negative	ADJ
faba-261	195	19	variations	variation	NOUN
faba-261	195	20	in	in	ADP
faba-261	195	21	interest	interest	NOUN
faba-261	195	22	rates	rate	NOUN
faba-261	195	23	(	(	PUNCT
faba-261	195	24	see	see	VERB
faba-261	195	25	shin	shin	PROPN
faba-261	195	26	et	et	PROPN
faba-261	195	27	al	al	PROPN
faba-261	195	28	.	.	PROPN
faba-261	195	29	,	,	PUNCT
faba-261	195	30	2014	2014	NUM
faba-261	195	31	)	)	PUNCT
faba-261	195	32	.	.	PUNCT
faba-261	196	1	results	result	NOUN
faba-261	196	2	and	and	CCONJ
faba-261	196	3	discussion	discussion	NOUN
faba-261	196	4	nonlinearity	nonlinearity	NOUN
faba-261	196	5	and	and	CCONJ
faba-261	196	6	stationarity	stationarity	NOUN
faba-261	196	7	results	result	VERB
faba-261	196	8	the	the	DET
faba-261	196	9	study	study	NOUN
faba-261	196	10	first	first	ADV
faba-261	196	11	determines	determine	VERB
faba-261	196	12	whether	whether	SCONJ
faba-261	196	13	the	the	DET
faba-261	196	14	series	series	NOUN
faba-261	196	15	has	have	VERB
faba-261	196	16	a	a	DET
faba-261	196	17	nonlinear	nonlinear	ADJ
faba-261	196	18	relationship	relationship	NOUN
faba-261	196	19	.	.	PUNCT
faba-261	197	1	the	the	DET
faba-261	197	2	findings	finding	NOUN
faba-261	197	3	are	be	AUX
faba-261	197	4	shown	show	VERB
faba-261	197	5	in	in	ADP
faba-261	197	6	table	table	NOUN
faba-261	197	7	2	2	NUM
faba-261	197	8	.	.	PUNCT
faba-261	198	1	there	there	PRON
faba-261	198	2	is	be	VERB
faba-261	198	3	evidence	evidence	NOUN
faba-261	198	4	indicating	indicate	VERB
faba-261	198	5	the	the	DET
faba-261	198	6	existence	existence	NOUN
faba-261	198	7	of	of	ADP
faba-261	198	8	a	a	DET
faba-261	198	9	nonlinear	nonlinear	ADJ
faba-261	198	10	relationship	relationship	NOUN
faba-261	198	11	between	between	ADP
faba-261	198	12	the	the	DET
faba-261	198	13	series	series	NOUN
faba-261	198	14	in	in	ADP
faba-261	198	15	table	table	NOUN
faba-261	198	16	2	2	NUM
faba-261	198	17	.	.	PUNCT
faba-261	199	1	this	this	DET
faba-261	199	2	result	result	NOUN
faba-261	199	3	is	be	AUX
faba-261	199	4	confirmed	confirm	VERB
faba-261	199	5	by	by	ADP
faba-261	199	6	the	the	DET
faba-261	199	7	bds	bds	NOUN
faba-261	199	8	test	test	NOUN
faba-261	199	9	statistics	statistic	NOUN
faba-261	199	10	for	for	ADP
faba-261	199	11	each	each	DET
faba-261	199	12	variable	variable	NOUN
faba-261	199	13	,	,	PUNCT
faba-261	199	14	which	which	PRON
faba-261	199	15	were	be	AUX
faba-261	199	16	found	find	VERB
faba-261	199	17	to	to	PART
faba-261	199	18	be	be	AUX
faba-261	199	19	statistically	statistically	ADV
faba-261	199	20	significant	significant	ADJ
faba-261	199	21	at	at	ADP
faba-261	199	22	1	1	NUM
faba-261	199	23	%	%	NOUN
faba-261	199	24	across	across	ADP
faba-261	199	25	all	all	DET
faba-261	199	26	dimensions	dimension	NOUN
faba-261	199	27	.	.	PUNCT
faba-261	200	1	panels	panel	NOUN
faba-261	200	2	a	a	DET
faba-261	200	3	,	,	PUNCT
faba-261	200	4	b	b	NOUN
faba-261	200	5	,	,	PUNCT
faba-261	200	6	and	and	CCONJ
faba-261	200	7	c	c	NOUN
faba-261	200	8	of	of	ADP
faba-261	200	9	table	table	NOUN
faba-261	200	10	3	3	NUM
faba-261	200	11	provide	provide	VERB
faba-261	200	12	a	a	DET
faba-261	200	13	summary	summary	NOUN
faba-261	200	14	of	of	ADP
faba-261	200	15	the	the	DET
faba-261	200	16	three	three	NUM
faba-261	200	17	stationarity	stationarity	NOUN
faba-261	200	18	test	test	NOUN
faba-261	200	19	results	result	NOUN
faba-261	200	20	.	.	PUNCT
faba-261	201	1	the	the	DET
faba-261	201	2	results	result	NOUN
faba-261	201	3	of	of	ADP
faba-261	201	4	the	the	DET
faba-261	201	5	df	df	PROPN
faba-261	201	6	-	-	PUNCT
faba-261	201	7	gls	gl	VERB
faba-261	201	8	test	test	NOUN
faba-261	201	9	show	show	NOUN
faba-261	201	10	that	that	SCONJ
faba-261	201	11	investment	investment	NOUN
faba-261	201	12	is	be	AUX
faba-261	201	13	stationary	stationary	ADJ
faba-261	201	14	at	at	ADP
faba-261	201	15	all	all	DET
faba-261	201	16	levels	level	NOUN
faba-261	201	17	[	[	X
faba-261	201	18	i(0	i(0	PROPN
faba-261	201	19	)	)	PUNCT
faba-261	201	20	]	]	X
faba-261	201	21	,	,	PUNCT
faba-261	201	22	while	while	SCONJ
faba-261	201	23	gdp	gdp	NOUN
faba-261	201	24	per	per	ADP
faba-261	201	25	capita	capita	NOUN
faba-261	201	26	,	,	PUNCT
faba-261	201	27	trade	trade	NOUN
faba-261	201	28	openness	openness	NOUN
faba-261	201	29	,	,	PUNCT
faba-261	201	30	and	and	CCONJ
faba-261	201	31	exchange	exchange	NOUN
faba-261	201	32	rate	rate	NOUN
faba-261	201	33	are	be	AUX
faba-261	201	34	all	all	PRON
faba-261	201	35	conclusively	conclusively	ADV
faba-261	201	36	stationary	stationary	ADJ
faba-261	201	37	after	after	ADP
faba-261	201	38	first	first	ADV
faba-261	201	39	differencing	difference	VERB
faba-261	201	40	[	[	X
faba-261	201	41	i(1	i(1	NOUN
faba-261	201	42	)	)	PUNCT
faba-261	201	43	]	]	PUNCT
faba-261	201	44	.	.	PUNCT
faba-261	202	1	according	accord	VERB
faba-261	202	2	to	to	ADP
faba-261	202	3	the	the	DET
faba-261	202	4	findings	finding	NOUN
faba-261	202	5	of	of	ADP
faba-261	202	6	the	the	DET
faba-261	202	7	pp	pp	NOUN
faba-261	202	8	and	and	CCONJ
faba-261	202	9	zauroot	zauroot	NOUN
faba-261	202	10	tests	test	NOUN
faba-261	202	11	,	,	PUNCT
faba-261	202	12	all	all	DET
faba-261	202	13	series	serie	NOUN
faba-261	202	14	are	be	AUX
faba-261	202	15	conclusively	conclusively	ADV
faba-261	202	16	integrated	integrate	VERB
faba-261	202	17	of	of	ADP
faba-261	202	18	order	order	NOUN
faba-261	202	19	one	one	NUM
faba-261	202	20	(	(	PUNCT
faba-261	202	21	1	1	NUM
faba-261	202	22	)	)	PUNCT
faba-261	202	23	.	.	PUNCT
faba-261	203	1	overall	overall	ADV
faba-261	203	2	,	,	PUNCT
faba-261	203	3	the	the	DET
faba-261	203	4	stationarity	stationarity	NOUN
faba-261	203	5	results	result	NOUN
faba-261	203	6	indicate	indicate	VERB
faba-261	203	7	that	that	SCONJ
faba-261	203	8	the	the	DET
faba-261	203	9	order	order	NOUN
faba-261	203	10	of	of	ADP
faba-261	203	11	integration	integration	NOUN
faba-261	203	12	of	of	ADP
faba-261	203	13	the	the	DET
faba-261	203	14	variables	variable	NOUN
faba-261	203	15	is	be	AUX
faba-261	203	16	a	a	DET
faba-261	203	17	mixture	mixture	NOUN
faba-261	203	18	of	of	ADP
faba-261	203	19	not	not	PART
faba-261	203	20	more	more	ADJ
faba-261	203	21	than	than	ADP
faba-261	203	22	1	1	NUM
faba-261	203	23	.	.	PUNCT
faba-261	204	1	this	this	PRON
faba-261	204	2	attests	attest	VERB
faba-261	204	3	to	to	ADP
faba-261	204	4	the	the	DET
faba-261	204	5	appropriateness	appropriateness	NOUN
faba-261	204	6	of	of	ADP
faba-261	204	7	using	use	VERB
faba-261	204	8	the	the	DET
faba-261	204	9	bounds	bound	NOUN
faba-261	204	10	test	test	VERB
faba-261	204	11	to	to	PART
faba-261	204	12	investigate	investigate	VERB
faba-261	204	13	the	the	DET
faba-261	204	14	long	long	ADV
faba-261	204	15	-	-	PUNCT
faba-261	204	16	run	run	NOUN
faba-261	204	17	relationship	relationship	NOUN
faba-261	204	18	between	between	ADP
faba-261	204	19	interest	interest	NOUN
faba-261	204	20	rates	rate	NOUN
faba-261	204	21	and	and	CCONJ
faba-261	204	22	gdp	gdp	NOUN
faba-261	204	23	per	per	ADP
faba-261	204	24	capita	capita	NOUN
faba-261	204	25	in	in	ADP
faba-261	204	26	kenya	kenya	PROPN
faba-261	204	27	.	.	PUNCT
faba-261	205	1	t.	t.	PROPN
faba-261	205	2	saungweme	saungweme	PROPN
faba-261	205	3	,	,	PUNCT
faba-261	205	4	g.	g.	PROPN
faba-261	205	5	maluleke	maluleke	PROPN
faba-261	205	6	,	,	PUNCT
faba-261	205	7	n.	n.	PROPN
faba-261	205	8	odhiambo	odhiambo	X
faba-261	205	9	/	/	SYM
faba-261	205	10	finance	finance	NOUN
faba-261	205	11	,	,	PUNCT
faba-261	205	12	accounting	accounting	NOUN
faba-261	205	13	and	and	CCONJ
faba-261	205	14	business	business	NOUN
faba-261	205	15	analysis	analysis	NOUN
faba-261	205	16	,	,	PUNCT
faba-261	205	17	volume	volume	NOUN
faba-261	205	18	7	7	NUM
faba-261	205	19	,	,	PUNCT
faba-261	205	20	issue	issue	NOUN
faba-261	205	21	1	1	NUM
faba-261	205	22	,	,	PUNCT
faba-261	205	23	2025	2025	NUM
faba-261	205	24	76	76	NUM
faba-261	205	25	table	table	NOUN
faba-261	205	26	2	2	NUM
faba-261	205	27	.	.	X
faba-261	205	28	bds	bds	NOUN
faba-261	205	29	test	test	NOUN
faba-261	205	30	results	result	NOUN
faba-261	205	31	for	for	ADP
faba-261	205	32	nonlinearity	nonlinearity	NOUN
faba-261	205	33	variables	variable	NOUN
faba-261	205	34	bds	bds	NOUN
faba-261	205	35	statistic	statistic	ADJ
faba-261	205	36	dimension	dimension	NOUN
faba-261	205	37	2	2	NUM
faba-261	205	38	dimension	dimension	NOUN
faba-261	205	39	3	3	NUM
faba-261	205	40	dimension	dimension	NOUN
faba-261	205	41	4	4	NUM
faba-261	205	42	dimension	dimension	NOUN
faba-261	205	43	5	5	NUM
faba-261	205	44	dimension	dimension	NOUN
faba-261	205	45	6	6	NUM
faba-261	205	46	bds	bds	NOUN
faba-261	205	47	statistic	statistic	NOUN
faba-261	205	48	pvalue	pvalue	NOUN
faba-261	205	49	bds	bds	NOUN
faba-261	205	50	statistic	statistic	NOUN
faba-261	205	51	pvalue	pvalue	NOUN
faba-261	205	52	bds	bds	NOUN
faba-261	205	53	statistic	statistic	NOUN
faba-261	205	54	pvalue	pvalue	NOUN
faba-261	205	55	bds	bds	NOUN
faba-261	205	56	statistic	statistic	NOUN
faba-261	205	57	pvalue	pvalue	NOUN
faba-261	205	58	bds	bds	NOUN
faba-261	205	59	statistic	statistic	NOUN
faba-261	205	60	pvalue	pvalue	NOUN
faba-261	205	61	ly	ly	VERB
faba-261	205	62	0.153	0.153	NUM
faba-261	205	63	*	*	PUNCT
faba-261	205	64	*	*	PUNCT
faba-261	205	65	*	*	PUNCT
faba-261	205	66	0.000	0.000	NUM
faba-261	205	67	0.239	0.239	NUM
faba-261	205	68	*	*	PUNCT
faba-261	205	69	*	*	PUNCT
faba-261	205	70	*	*	PUNCT
faba-261	205	71	0.000	0.000	NUM
faba-261	205	72	0.274	0.274	NUM
faba-261	205	73	*	*	PUNCT
faba-261	205	74	*	*	PUNCT
faba-261	205	75	*	*	PUNCT
faba-261	205	76	0.000	0.000	NUM
faba-261	205	77	0.279	0.279	NUM
faba-261	205	78	*	*	PUNCT
faba-261	205	79	*	*	PUNCT
faba-261	205	80	*	*	PUNCT
faba-261	205	81	0.000	0.000	NUM
faba-261	205	82	0.251	0.251	NUM
faba-261	205	83	*	*	PUNCT
faba-261	205	84	*	*	PUNCT
faba-261	205	85	*	*	PUNCT
faba-261	205	86	0.000	0.000	NUM
faba-261	205	87	lint	lint	NOUN
faba-261	205	88	0.146	0.146	NUM
faba-261	205	89	*	*	PUNCT
faba-261	205	90	*	*	PUNCT
faba-261	205	91	*	*	PUNCT
faba-261	205	92	0.000	0.000	NUM
faba-261	205	93	0.237	0.237	NUM
faba-261	205	94	*	*	PUNCT
faba-261	205	95	*	*	PUNCT
faba-261	205	96	*	*	PUNCT
faba-261	205	97	0.000	0.000	NUM
faba-261	205	98	0.290	0.290	NUM
faba-261	205	99	*	*	PUNCT
faba-261	205	100	*	*	PUNCT
faba-261	205	101	*	*	PUNCT
faba-261	205	102	0.000	0.000	NUM
faba-261	205	103	0.318	0.318	NUM
faba-261	205	104	*	*	PUNCT
faba-261	205	105	*	*	PUNCT
faba-261	205	106	*	*	PUNCT
faba-261	205	107	0.000	0.000	NUM
faba-261	205	108	0.326	0.326	NUM
faba-261	205	109	*	*	PUNCT
faba-261	205	110	*	*	PUNCT
faba-261	205	111	*	*	PUNCT
faba-261	205	112	0.000	0.000	NUM
faba-261	205	113	linv	linv	ADJ
faba-261	205	114	0.070	0.070	NUM
faba-261	205	115	*	*	PUNCT
faba-261	205	116	*	*	PUNCT
faba-261	205	117	*	*	PUNCT
faba-261	205	118	0.000	0.000	NUM
faba-261	205	119	0.100	0.100	NUM
faba-261	205	120	*	*	PUNCT
faba-261	205	121	*	*	PUNCT
faba-261	205	122	*	*	PUNCT
faba-261	205	123	0.000	0.000	NUM
faba-261	205	124	0.110	0.110	NUM
faba-261	205	125	*	*	PUNCT
faba-261	205	126	*	*	PUNCT
faba-261	205	127	*	*	PUNCT
faba-261	205	128	0.000	0.000	NUM
faba-261	205	129	0.107	0.107	NUM
faba-261	205	130	*	*	PUNCT
faba-261	205	131	*	*	PUNCT
faba-261	205	132	*	*	PUNCT
faba-261	205	133	0.000	0.000	NUM
faba-261	205	134	0.093	0.093	NUM
faba-261	205	135	*	*	PUNCT
faba-261	205	136	*	*	PUNCT
faba-261	205	137	*	*	PUNCT
faba-261	205	138	0.000	0.000	PRON
faba-261	205	139	lcred	lcre	VERB
faba-261	205	140	0.105	0.105	NUM
faba-261	205	141	*	*	NOUN
faba-261	205	142	*	*	PUNCT
faba-261	205	143	*	*	PUNCT
faba-261	205	144	0.000	0.000	NUM
faba-261	205	145	0.153	0.153	NUM
faba-261	205	146	*	*	PUNCT
faba-261	205	147	*	*	PUNCT
faba-261	205	148	*	*	PUNCT
faba-261	205	149	0.000	0.000	NUM
faba-261	205	150	0.180	0.180	NUM
faba-261	205	151	*	*	PUNCT
faba-261	205	152	*	*	PUNCT
faba-261	205	153	*	*	PUNCT
faba-261	205	154	0.000	0.000	NUM
faba-261	205	155	0.184	0.184	NUM
faba-261	205	156	*	*	PUNCT
faba-261	205	157	*	*	PUNCT
faba-261	205	158	*	*	PUNCT
faba-261	205	159	0.000	0.000	NUM
faba-261	205	160	0.170	0.170	NUM
faba-261	205	161	*	*	PUNCT
faba-261	205	162	*	*	PUNCT
faba-261	205	163	*	*	PUNCT
faba-261	205	164	0.010	0.010	NUM
faba-261	205	165	lto	lto	PROPN
faba-261	205	166	0.132	0.132	NUM
faba-261	205	167	*	*	PUNCT
faba-261	205	168	*	*	PUNCT
faba-261	205	169	*	*	PUNCT
faba-261	205	170	0.000	0.000	NUM
faba-261	205	171	0.193	0.193	NUM
faba-261	205	172	*	*	PUNCT
faba-261	205	173	*	*	PUNCT
faba-261	205	174	*	*	PUNCT
faba-261	205	175	0.000	0.000	NUM
faba-261	205	176	0.201	0.201	NUM
faba-261	205	177	*	*	PUNCT
faba-261	205	178	*	*	PUNCT
faba-261	205	179	*	*	PUNCT
faba-261	205	180	0.000	0.000	NUM
faba-261	205	181	0.169	0.169	NUM
faba-261	205	182	*	*	PUNCT
faba-261	205	183	*	*	PUNCT
faba-261	205	184	*	*	PUNCT
faba-261	205	185	0.000	0.000	NUM
faba-261	205	186	0.113	0.113	NUM
faba-261	205	187	*	*	PUNCT
faba-261	206	1	*	*	PUNCT
faba-261	206	2	*	*	AUX
faba-261	206	3	0.000	0.000	NUM
faba-261	206	4	lexc	lexc	NOUN
faba-261	206	5	0.203	0.203	NUM
faba-261	206	6	*	*	PUNCT
faba-261	206	7	*	*	PUNCT
faba-261	206	8	*	*	PUNCT
faba-261	206	9	0.000	0.000	NUM
faba-261	206	10	0.343	0.343	NUM
faba-261	206	11	*	*	PUNCT
faba-261	206	12	*	*	PUNCT
faba-261	206	13	*	*	PUNCT
faba-261	206	14	0.000	0.000	NUM
faba-261	206	15	0.442	0.442	NUM
faba-261	206	16	*	*	PUNCT
faba-261	206	17	*	*	PUNCT
faba-261	206	18	*	*	PUNCT
faba-261	206	19	0.000	0.000	NUM
faba-261	206	20	0.510	0.510	NUM
faba-261	206	21	*	*	PUNCT
faba-261	206	22	*	*	PUNCT
faba-261	206	23	*	*	PUNCT
faba-261	206	24	0.000	0.000	NUM
faba-261	206	25	0.558	0.558	NUM
faba-261	206	26	*	*	PUNCT
faba-261	206	27	*	*	PUNCT
faba-261	206	28	*	*	PUNCT
faba-261	206	29	0.000	0.000	NUM
faba-261	206	30	notes	note	NOUN
faba-261	206	31	:	:	PUNCT
faba-261	206	32	*	*	PUNCT
faba-261	206	33	*	*	PUNCT
faba-261	206	34	*	*	PUNCT
faba-261	206	35	denote	denote	ADJ
faba-261	206	36	statistical	statistical	ADJ
faba-261	206	37	significance	significance	NOUN
faba-261	206	38	at	at	ADP
faba-261	206	39	1	1	NUM
faba-261	206	40	%	%	NOUN
faba-261	206	41	leve1	leve1	ADJ
faba-261	206	42	.	.	PUNCT
faba-261	207	1	table	table	NOUN
faba-261	208	1	3	3	NUM
faba-261	208	2	.	.	PUNCT
faba-261	209	1	stationarity	stationarity	NOUN
faba-261	209	2	results	result	VERB
faba-261	209	3	panel	panel	NOUN
faba-261	209	4	a	a	DET
faba-261	209	5	:	:	PUNCT
faba-261	209	6	dickey	dickey	NOUN
faba-261	209	7	-	-	PUNCT
faba-261	209	8	fuller	fuller	NOUN
faba-261	209	9	generalised	generalise	VERB
faba-261	209	10	least	least	ADV
faba-261	209	11	square	square	ADJ
faba-261	209	12	(	(	PUNCT
faba-261	209	13	df	df	NOUN
faba-261	209	14	-	-	PUNCT
faba-261	209	15	gls	gl	VERB
faba-261	209	16	)	)	PUNCT
faba-261	209	17	variable	variable	ADJ
faba-261	209	18	level	level	NOUN
faba-261	209	19	first	first	ADJ
faba-261	209	20	difference	difference	NOUN
faba-261	209	21	without	without	ADP
faba-261	209	22	trend	trend	NOUN
faba-261	209	23	with	with	ADP
faba-261	209	24	trend	trend	NOUN
faba-261	209	25	without	without	ADP
faba-261	209	26	trend	trend	NOUN
faba-261	209	27	with	with	ADP
faba-261	209	28	trend	trend	NOUN
faba-261	209	29	ly	ly	ADP
faba-261	209	30	1.488	1.488	NUM
faba-261	209	31	-0.434	-0.434	NUM
faba-261	209	32	-4.021	-4.021	NOUN
faba-261	209	33	*	*	PUNCT
faba-261	209	34	*	*	PUNCT
faba-261	209	35	*	*	PUNCT
faba-261	209	36	-4.814	-4.814	PUNCT
faba-261	209	37	*	*	PUNCT
faba-261	209	38	*	*	PUNCT
faba-261	209	39	*	*	PUNCT
faba-261	209	40	lint	lint	NOUN
faba-261	209	41	-1.217	-1.217	X
faba-261	209	42	-1.425	-1.425	PUNCT
faba-261	209	43	-4.591	-4.591	NOUN
faba-261	209	44	*	*	PUNCT
faba-261	209	45	*	*	PUNCT
faba-261	209	46	*	*	PUNCT
faba-261	209	47	-5.611	-5.611	VERB
faba-261	209	48	*	*	PUNCT
faba-261	209	49	*	*	PUNCT
faba-261	209	50	*	*	PUNCT
faba-261	209	51	linv	linv	ADJ
faba-261	209	52	-2.774	-2.774	PUNCT
faba-261	209	53	*	*	PUNCT
faba-261	209	54	*	*	PUNCT
faba-261	209	55	*	*	PUNCT
faba-261	209	56	-2.980	-2.980	X
faba-261	210	1	*	*	PUNCT
faba-261	211	1	_	_	PUNCT
faba-261	212	1	_	_	PUNCT
faba-261	213	1	_	_	PUNCT
faba-261	214	1	_	_	PUNCT
faba-261	215	1	_	_	PUNCT
faba-261	216	1	_	_	PUNCT
faba-261	216	2	lcred	lcre	VERB
faba-261	216	3	-1.196	-1.196	ADJ
faba-261	216	4	-3.094	-3.094	NOUN
faba-261	216	5	*	*	PUNCT
faba-261	216	6	-7.389	-7.389	PUNCT
faba-261	216	7	*	*	PUNCT
faba-261	216	8	*	*	PUNCT
faba-261	216	9	*	*	PUNCT
faba-261	216	10	-7.882	-7.882	PUNCT
faba-261	216	11	*	*	PUNCT
faba-261	216	12	*	*	PUNCT
faba-261	216	13	*	*	PUNCT
faba-261	216	14	lto	lto	PROPN
faba-261	216	15	-0.605	-0.605	PUNCT
faba-261	216	16	-1.974	-1.974	NUM
faba-261	216	17	-6.602	-6.602	PUNCT
faba-261	216	18	*	*	PUNCT
faba-261	216	19	*	*	PUNCT
faba-261	216	20	*	*	PUNCT
faba-261	216	21	-6.608	-6.608	PUNCT
faba-261	216	22	*	*	PUNCT
faba-261	216	23	*	*	PUNCT
faba-261	216	24	*	*	PUNCT
faba-261	216	25	lexc	lexc	VERB
faba-261	216	26	0.086	0.086	NUM
faba-261	216	27	-1.073	-1.073	NOUN
faba-261	217	1	-4.368	-4.368	PUNCT
faba-261	217	2	*	*	PUNCT
faba-261	217	3	*	*	PUNCT
faba-261	217	4	*	*	PUNCT
faba-261	217	5	-5.705	-5.705	PUNCT
faba-261	217	6	*	*	PUNCT
faba-261	217	7	*	*	PUNCT
faba-261	217	8	*	*	PROPN
faba-261	217	9	panel	panel	PROPN
faba-261	217	10	b	b	NOUN
faba-261	217	11	:	:	PUNCT
faba-261	217	12	phillips	phillips	PROPN
faba-261	217	13	-	-	PUNCT
faba-261	217	14	perron	perron	PROPN
faba-261	217	15	(	(	PUNCT
faba-261	217	16	pp	pp	ADJ
faba-261	217	17	)	)	PUNCT
faba-261	217	18	level	level	NOUN
faba-261	217	19	first	first	ADJ
faba-261	217	20	difference	difference	NOUN
faba-261	217	21	without	without	ADP
faba-261	217	22	trend	trend	NOUN
faba-261	217	23	with	with	ADP
faba-261	217	24	trend	trend	NOUN
faba-261	217	25	without	without	ADP
faba-261	217	26	trend	trend	NOUN
faba-261	217	27	with	with	ADP
faba-261	217	28	trend	trend	NOUN
faba-261	217	29	ly	ly	ADP
faba-261	217	30	1.419	1.419	NUM
faba-261	217	31	-0.323	-0.323	PUNCT
faba-261	217	32	-3.949	-3.949	X
faba-261	217	33	*	*	PUNCT
faba-261	217	34	*	*	PUNCT
faba-261	217	35	*	*	PUNCT
faba-261	217	36	-4.710	-4.710	PUNCT
faba-261	217	37	*	*	PUNCT
faba-261	217	38	*	*	PUNCT
faba-261	217	39	*	*	PUNCT
faba-261	217	40	lint	lint	NOUN
faba-261	217	41	-1.862	-1.862	PUNCT
faba-261	217	42	-2.061	-2.061	PUNCT
faba-261	217	43	-5.432	-5.432	PUNCT
faba-261	217	44	*	*	PUNCT
faba-261	217	45	*	*	PUNCT
faba-261	217	46	*	*	PUNCT
faba-261	217	47	-5.606	-5.606	NOUN
faba-261	217	48	*	*	PUNCT
faba-261	217	49	*	*	PUNCT
faba-261	217	50	*	*	PUNCT
faba-261	217	51	linv	linv	ADJ
faba-261	217	52	-2.732	-2.732	NOUN
faba-261	217	53	*	*	PUNCT
faba-261	217	54	-2.890	-2.890	VERB
faba-261	217	55	-11.123	-11.123	NOUN
faba-261	217	56	*	*	PUNCT
faba-261	217	57	*	*	PUNCT
faba-261	217	58	*	*	PUNCT
faba-261	217	59	-11.332	-11.332	PUNCT
faba-261	217	60	*	*	PUNCT
faba-261	217	61	*	*	PUNCT
faba-261	217	62	*	*	PUNCT
faba-261	217	63	lcred	lcred	ADJ
faba-261	217	64	-1.102	-1.102	PUNCT
faba-261	217	65	-3.521	-3.521	NOUN
faba-261	217	66	*	*	PUNCT
faba-261	217	67	-8.038	-8.038	PUNCT
faba-261	217	68	*	*	PUNCT
faba-261	217	69	*	*	PUNCT
faba-261	217	70	*	*	PUNCT
faba-261	217	71	-7.958	-7.958	PUNCT
faba-261	217	72	*	*	PUNCT
faba-261	217	73	*	*	PUNCT
faba-261	217	74	*	*	PUNCT
faba-261	217	75	lto	lto	PROPN
faba-261	217	76	-0.888	-0.888	PUNCT
faba-261	217	77	-1.848	-1.848	PROPN
faba-261	217	78	-6.605	-6.605	NOUN
faba-261	217	79	*	*	PUNCT
faba-261	217	80	*	*	PUNCT
faba-261	217	81	*	*	PUNCT
faba-261	217	82	-6.655	-6.655	PUNCT
faba-261	218	1	*	*	PUNCT
faba-261	218	2	*	*	PUNCT
faba-261	218	3	*	*	PUNCT
faba-261	218	4	lexc	lexc	NOUN
faba-261	218	5	-3.207	-3.207	NOUN
faba-261	218	6	*	*	PUNCT
faba-261	218	7	*	*	PUNCT
faba-261	218	8	-1.772	-1.772	ADJ
faba-261	218	9	-5.039	-5.039	NOUN
faba-261	218	10	*	*	PUNCT
faba-261	218	11	*	*	PUNCT
faba-261	218	12	*	*	PUNCT
faba-261	219	1	-5.615	-5.615	PUNCT
faba-261	219	2	*	*	PUNCT
faba-261	219	3	*	*	PUNCT
faba-261	219	4	*	*	PUNCT
faba-261	219	5	panel	panel	NOUN
faba-261	219	6	c	c	NOUN
faba-261	219	7	:	:	PUNCT
faba-261	219	8	zivot	zivot	PROPN
faba-261	219	9	-	-	PUNCT
faba-261	219	10	andrews	andrews	PROPN
faba-261	219	11	(	(	PUNCT
faba-261	219	12	zauroot	zauroot	PROPN
faba-261	219	13	)	)	PUNCT
faba-261	219	14	level	level	NOUN
faba-261	219	15	first	first	ADJ
faba-261	219	16	difference	difference	NOUN
faba-261	219	17	without	without	ADP
faba-261	219	18	trend	trend	NOUN
faba-261	219	19	break	break	NOUN
faba-261	219	20	with	with	ADP
faba-261	219	21	trend	trend	NOUN
faba-261	219	22	break	break	NOUN
faba-261	219	23	without	without	ADP
faba-261	219	24	trend	trend	NOUN
faba-261	219	25	break	break	NOUN
faba-261	219	26	with	with	ADP
faba-261	219	27	trend	trend	NOUN
faba-261	219	28	break	break	NOUN
faba-261	219	29	ly	ly	X
faba-261	219	30	-2.466	-2.466	NUM
faba-261	219	31	1992	1992	NUM
faba-261	219	32	-3.339	-3.339	X
faba-261	219	33	2000	2000	NUM
faba-261	219	34	-5.441	-5.441	NOUN
faba-261	219	35	*	*	PUNCT
faba-261	219	36	*	*	PUNCT
faba-261	219	37	*	*	PUNCT
faba-261	219	38	1991	1991	NUM
faba-261	219	39	-5.730	-5.730	NOUN
faba-261	219	40	*	*	PUNCT
faba-261	219	41	*	*	PUNCT
faba-261	219	42	*	*	X
faba-261	219	43	1990	1990	NUM
faba-261	219	44	lint	lint	NOUN
faba-261	219	45	-2.936	-2.936	NOUN
faba-261	219	46	1989	1989	NUM
faba-261	219	47	-3.177	-3.177	NUM
faba-261	219	48	1999	1999	NUM
faba-261	219	49	-6.836	-6.836	NOUN
faba-261	219	50	*	*	PUNCT
faba-261	219	51	*	*	PUNCT
faba-261	219	52	*	*	X
faba-261	219	53	1995	1995	NUM
faba-261	219	54	-7.043	-7.043	NOUN
faba-261	219	55	*	*	PUNCT
faba-261	219	56	*	*	PUNCT
faba-261	219	57	*	*	X
faba-261	219	58	1995	1995	NUM
faba-261	219	59	linv	linv	ADJ
faba-261	219	60	-4.198	-4.198	PROPN
faba-261	219	61	1996	1996	NUM
faba-261	219	62	-4.261	-4.261	NOUN
faba-261	219	63	1996	1996	NUM
faba-261	219	64	-6.443	-6.443	NOUN
faba-261	219	65	*	*	PUNCT
faba-261	219	66	*	*	PUNCT
faba-261	219	67	*	*	X
faba-261	219	68	2000	2000	NUM
faba-261	219	69	-6.415	-6.415	NOUN
faba-261	220	1	*	*	PUNCT
faba-261	220	2	*	*	PUNCT
faba-261	220	3	*	*	X
faba-261	220	4	2000	2000	NUM
faba-261	220	5	lcred	lcre	VERB
faba-261	220	6	-3.765	-3.765	NUM
faba-261	220	7	2006	2006	NUM
faba-261	220	8	-4.018	-4.018	NUM
faba-261	220	9	2006	2006	NUM
faba-261	220	10	-6.464	-6.464	ADP
faba-261	221	1	*	*	PUNCT
faba-261	221	2	*	*	PUNCT
faba-261	221	3	*	*	PUNCT
faba-261	221	4	1991	1991	NUM
faba-261	221	5	-7.196	-7.196	PUNCT
faba-261	221	6	*	*	PUNCT
faba-261	221	7	*	*	PUNCT
faba-261	221	8	*	*	X
faba-261	221	9	2013	2013	NUM
faba-261	221	10	lto	lto	PROPN
faba-261	221	11	-3.635	-3.635	PROPN
faba-261	221	12	2015	2015	NUM
faba-261	221	13	3.814	3.814	NUM
faba-261	221	14	2010	2010	NUM
faba-261	221	15	-6.906	-6.906	ADP
faba-261	221	16	*	*	PUNCT
faba-261	221	17	*	*	PUNCT
faba-261	221	18	*	*	X
faba-261	221	19	1988	1988	NUM
faba-261	221	20	-7.147	-7.147	NOUN
faba-261	221	21	*	*	PUNCT
faba-261	221	22	*	*	PUNCT
faba-261	221	23	*	*	X
faba-261	221	24	1995	1995	NUM
faba-261	221	25	lexc	lexc	NOUN
faba-261	221	26	-4.254	-4.254	PUNCT
faba-261	221	27	1991	1991	NUM
faba-261	221	28	-6.761	-6.761	NOUN
faba-261	221	29	*	*	PUNCT
faba-261	221	30	*	*	PUNCT
faba-261	221	31	*	*	X
faba-261	221	32	1993	1993	NUM
faba-261	222	1	-6.276	-6.276	NOUN
faba-261	222	2	*	*	PUNCT
faba-261	222	3	*	*	PUNCT
faba-261	222	4	*	*	X
faba-261	222	5	1995	1995	NUM
faba-261	222	6	-6.571	-6.571	NOUN
faba-261	222	7	*	*	PUNCT
faba-261	222	8	*	*	PUNCT
faba-261	222	9	*	*	PUNCT
faba-261	222	10	1994	1994	NUM
faba-261	222	11	notes	note	NOUN
faba-261	222	12	:	:	PUNCT
faba-261	222	13	*	*	PUNCT
faba-261	222	14	*	*	PUNCT
faba-261	222	15	and	and	CCONJ
faba-261	222	16	*	*	PUNCT
faba-261	222	17	*	*	PUNCT
faba-261	222	18	*	*	PUNCT
faba-261	222	19	denotes	denote	NOUN
faba-261	222	20	statistical	statistical	ADJ
faba-261	222	21	significance	significance	NOUN
faba-261	222	22	at	at	ADP
faba-261	222	23	5	5	NUM
faba-261	222	24	%	%	NOUN
faba-261	222	25	and	and	CCONJ
faba-261	222	26	1	1	NUM
faba-261	222	27	%	%	NOUN
faba-261	222	28	level	level	NOUN
faba-261	222	29	.	.	PUNCT
faba-261	223	1	cointegration	cointegration	NOUN
faba-261	223	2	and	and	CCONJ
faba-261	223	3	asymmetric	asymmetric	ADJ
faba-261	223	4	test	test	NOUN
faba-261	223	5	results	result	NOUN
faba-261	223	6	table	table	NOUN
faba-261	223	7	4	4	NUM
faba-261	223	8	displays	display	VERB
faba-261	223	9	the	the	DET
faba-261	223	10	outcomes	outcome	NOUN
faba-261	223	11	of	of	ADP
faba-261	223	12	the	the	DET
faba-261	223	13	cointegration	cointegration	NOUN
faba-261	223	14	tests	test	NOUN
faba-261	223	15	carried	carry	VERB
faba-261	223	16	out	out	ADP
faba-261	223	17	utilising	utilise	VERB
faba-261	223	18	the	the	DET
faba-261	223	19	nardl	nardl	NOUN
faba-261	223	20	bounds	bound	NOUN
faba-261	223	21	testing	test	VERB
faba-261	223	22	methodology	methodology	NOUN
faba-261	223	23	.	.	PUNCT
faba-261	224	1	the	the	DET
faba-261	224	2	results	result	NOUN
faba-261	224	3	show	show	VERB
faba-261	224	4	that	that	SCONJ
faba-261	224	5	the	the	DET
faba-261	224	6	f	f	NOUN
faba-261	224	7	-	-	PUNCT
faba-261	224	8	statistic	statistic	ADJ
faba-261	224	9	value	value	NOUN
faba-261	224	10	for	for	ADP
faba-261	224	11	the	the	DET
faba-261	224	12	nardl	nardl	NOUN
faba-261	224	13	model	model	NOUN
faba-261	224	14	is	be	AUX
faba-261	224	15	4.215	4.215	NUM
faba-261	224	16	and	and	CCONJ
faba-261	224	17	is	be	AUX
faba-261	224	18	statistically	statistically	ADV
faba-261	224	19	significant	significant	ADJ
faba-261	224	20	at	at	ADP
faba-261	224	21	the	the	DET
faba-261	224	22	5	5	NUM
faba-261	224	23	%	%	NOUN
faba-261	224	24	level	level	NOUN
faba-261	224	25	.	.	PUNCT
faba-261	225	1	this	this	PRON
faba-261	225	2	suggests	suggest	VERB
faba-261	225	3	that	that	SCONJ
faba-261	225	4	the	the	DET
faba-261	225	5	variables	variable	NOUN
faba-261	225	6	in	in	ADP
faba-261	225	7	the	the	DET
faba-261	225	8	nonlinear	nonlinear	ADJ
faba-261	225	9	model	model	NOUN
faba-261	225	10	have	have	VERB
faba-261	225	11	a	a	DET
faba-261	225	12	cointegrating	cointegrate	VERB
faba-261	225	13	correlation	correlation	NOUN
faba-261	225	14	.	.	PUNCT
faba-261	226	1	the	the	DET
faba-261	226	2	wald	wald	PROPN
faba-261	226	3	test	test	NOUN
faba-261	226	4	results	result	NOUN
faba-261	226	5	presented	present	VERB
faba-261	226	6	in	in	ADP
faba-261	226	7	table	table	NOUN
faba-261	226	8	5	5	NUM
faba-261	226	9	firmly	firmly	ADV
faba-261	226	10	reject	reject	VERB
faba-261	226	11	the	the	DET
faba-261	226	12	null	null	ADJ
faba-261	226	13	hypothesis	hypothesis	NOUN
faba-261	226	14	of	of	ADP
faba-261	226	15	longrun	longrun	NOUN
faba-261	226	16	and	and	CCONJ
faba-261	226	17	short	short	ADJ
faba-261	226	18	-	-	PUNCT
faba-261	226	19	run	run	NOUN
faba-261	226	20	symmetry	symmetry	NOUN
faba-261	226	21	.	.	PUNCT
faba-261	227	1	this	this	PRON
faba-261	227	2	is	be	AUX
faba-261	227	3	confirmed	confirm	VERB
faba-261	227	4	by	by	ADP
faba-261	227	5	the	the	DET
faba-261	227	6	associated	associated	ADJ
faba-261	227	7	long	long	ADV
faba-261	227	8	-	-	PUNCT
faba-261	227	9	run	run	VERB
faba-261	227	10	and	and	CCONJ
faba-261	227	11	short	short	ADJ
faba-261	227	12	-	-	PUNCT
faba-261	227	13	run	run	NOUN
faba-261	227	14	p	p	NOUN
faba-261	227	15	-	-	PUNCT
faba-261	227	16	value	value	NOUN
faba-261	227	17	of	of	ADP
faba-261	227	18	the	the	DET
faba-261	227	19	wald	wald	X
faba-261	227	20	f	f	X
faba-261	227	21	-	-	PUNCT
faba-261	227	22	statistic	statistic	ADJ
faba-261	227	23	(	(	PUNCT
faba-261	227	24	wlr	wlr	NOUN
faba-261	227	25	)	)	PUNCT
faba-261	227	26	,	,	PUNCT
faba-261	227	27	which	which	PRON
faba-261	227	28	is	be	AUX
faba-261	227	29	statistically	statistically	ADV
faba-261	227	30	significant	significant	ADJ
faba-261	227	31	at	at	ADP
faba-261	227	32	1	1	NUM
faba-261	227	33	%	%	NOUN
faba-261	227	34	,	,	PUNCT
faba-261	227	35	and	and	CCONJ
faba-261	227	36	wsr	wsr	PROPN
faba-261	227	37	,	,	PUNCT
faba-261	227	38	which	which	PRON
faba-261	227	39	is	be	AUX
faba-261	227	40	significant	significant	ADJ
faba-261	227	41	at	at	ADP
faba-261	227	42	the	the	DET
faba-261	227	43	10	10	NUM
faba-261	227	44	%	%	NOUN
faba-261	227	45	level	level	NOUN
faba-261	227	46	.	.	PUNCT
faba-261	228	1	this	this	DET
faba-261	228	2	finding	finding	NOUN
faba-261	228	3	implies	imply	VERB
faba-261	228	4	that	that	SCONJ
faba-261	228	5	interest	interest	NOUN
faba-261	228	6	rates	rate	NOUN
faba-261	228	7	have	have	VERB
faba-261	228	8	a	a	DET
faba-261	228	9	distinct	distinct	ADJ
faba-261	228	10	long	long	ADV
faba-261	228	11	-	-	PUNCT
faba-261	228	12	run	run	VERB
faba-261	228	13	and	and	CCONJ
faba-261	228	14	short	short	ADJ
faba-261	228	15	-	-	PUNCT
faba-261	228	16	run	run	NOUN
faba-261	228	17	asymmetric	asymmetric	ADJ
faba-261	228	18	effect	effect	NOUN
faba-261	228	19	on	on	ADP
faba-261	228	20	economic	economic	ADJ
faba-261	228	21	growth	growth	NOUN
faba-261	228	22	in	in	ADP
faba-261	228	23	kenya	kenya	PROPN
faba-261	228	24	.	.	PUNCT
faba-261	229	1	t.	t.	PROPN
faba-261	229	2	saungweme	saungweme	PROPN
faba-261	229	3	,	,	PUNCT
faba-261	229	4	g.	g.	PROPN
faba-261	229	5	maluleke	maluleke	PROPN
faba-261	229	6	,	,	PUNCT
faba-261	229	7	n.	n.	PROPN
faba-261	229	8	odhiambo	odhiambo	X
faba-261	229	9	/	/	SYM
faba-261	229	10	finance	finance	NOUN
faba-261	229	11	,	,	PUNCT
faba-261	229	12	accounting	accounting	NOUN
faba-261	229	13	and	and	CCONJ
faba-261	229	14	business	business	NOUN
faba-261	229	15	analysis	analysis	NOUN
faba-261	229	16	,	,	PUNCT
faba-261	229	17	volume	volume	NOUN
faba-261	229	18	7	7	NUM
faba-261	229	19	,	,	PUNCT
faba-261	229	20	issue	issue	NOUN
faba-261	229	21	1	1	NUM
faba-261	229	22	,	,	PUNCT
faba-261	229	23	2025	2025	NUM
faba-261	229	24	77	77	NUM
faba-261	229	25	table	table	NOUN
faba-261	229	26	4	4	NUM
faba-261	229	27	.	.	PUNCT
faba-261	229	28	bounds	bound	VERB
faba-261	229	29	f	f	X
faba-261	229	30	-	-	PUNCT
faba-261	229	31	test	test	NOUN
faba-261	229	32	results	result	NOUN
faba-261	229	33	for	for	ADP
faba-261	229	34	cointegration	cointegration	NOUN
faba-261	229	35	–	–	PUNCT
faba-261	229	36	nardl	nardl	NOUN
faba-261	229	37	f	f	ADJ
faba-261	229	38	-	-	PUNCT
faba-261	229	39	statistic	statistic	ADJ
faba-261	229	40	cointegration	cointegration	NOUN
faba-261	229	41	status	status	NOUN
faba-261	229	42	4.215	4.215	NUM
faba-261	229	43	*	*	PUNCT
faba-261	229	44	*	*	PUNCT
faba-261	229	45	cointegrated	cointegrate	VERB
faba-261	229	46	pesaran	pesaran	PROPN
faba-261	229	47	et	et	PROPN
faba-261	229	48	al	al	PROPN
faba-261	229	49	.	.	PROPN
faba-261	230	1	(	(	PUNCT
faba-261	230	2	2001	2001	NUM
faba-261	230	3	)	)	PUNCT
faba-261	230	4	,	,	PUNCT
faba-261	230	5	p.300	p.300	PRON
faba-261	230	6	,	,	PUNCT
faba-261	230	7	table	table	NOUN
faba-261	230	8	ci(iii	ci(iii	PROPN
faba-261	230	9	)	)	PUNCT
faba-261	230	10	case	case	NOUN
faba-261	230	11	iii	iii	NUM
faba-261	230	12	asymptotic	asymptotic	ADJ
faba-261	230	13	critical	critical	ADJ
faba-261	230	14	values	value	NOUN
faba-261	230	15	for	for	ADP
faba-261	230	16	10	10	NUM
faba-261	230	17	%	%	NOUN
faba-261	230	18	5	5	NUM
faba-261	230	19	%	%	NOUN
faba-261	230	20	1	1	NUM
faba-261	230	21	%	%	NOUN
faba-261	230	22	i(0	i(0	PROPN
faba-261	230	23	)	)	PUNCT
faba-261	230	24	i(1	i(1	PROPN
faba-261	230	25	)	)	PUNCT
faba-261	230	26	i(0	i(0	PROPN
faba-261	230	27	)	)	PUNCT
faba-261	230	28	i(1	i(1	PROPN
faba-261	230	29	)	)	PUNCT
faba-261	230	30	i(0	i(0	PROPN
faba-261	230	31	)	)	PUNCT
faba-261	230	32	i(1	i(1	PROPN
faba-261	230	33	)	)	PUNCT
faba-261	230	34	2.53	2.53	NUM
faba-261	230	35	3.59	3.59	NUM
faba-261	230	36	2.87	2.87	NUM
faba-261	230	37	4	4	NUM
faba-261	230	38	3.6	3.6	NUM
faba-261	230	39	4.9	4.9	NUM
faba-261	230	40	notes	note	NOUN
faba-261	230	41	:	:	PUNCT
faba-261	230	42	*	*	PUNCT
faba-261	230	43	*	*	PUNCT
faba-261	230	44	denotes	denote	NOUN
faba-261	230	45	statistical	statistical	ADJ
faba-261	230	46	significance	significance	NOUN
faba-261	230	47	at	at	ADP
faba-261	230	48	5	5	NUM
faba-261	230	49	%	%	NOUN
faba-261	230	50	level	level	NOUN
faba-261	230	51	.	.	PUNCT
faba-261	231	1	table	table	NOUN
faba-261	231	2	5	5	NUM
faba-261	231	3	.	.	PUNCT
faba-261	232	1	wald	wald	PROPN
faba-261	232	2	test	test	PROPN
faba-261	232	3	results	result	NOUN
faba-261	232	4	test	test	VERB
faba-261	232	5	f	f	NOUN
faba-261	232	6	-	-	PUNCT
faba-261	232	7	statistic	statistic	ADJ
faba-261	232	8	p	p	ADJ
faba-261	232	9	-	-	PUNCT
faba-261	232	10	value	value	NOUN
faba-261	232	11	decision	decision	NOUN
faba-261	232	12	wlr	wlr	NOUN
faba-261	232	13	9.201	9.201	NUM
faba-261	232	14	*	*	PUNCT
faba-261	232	15	*	*	PUNCT
faba-261	232	16	*	*	X
faba-261	232	17	0.007	0.007	NUM
faba-261	232	18	asymmetric	asymmetric	ADJ
faba-261	232	19	wsr	wsr	VERB
faba-261	232	20	4.046	4.046	NUM
faba-261	232	21	*	*	PROPN
faba-261	232	22	0.056	0.056	NUM
faba-261	232	23	asymmetric	asymmetric	ADJ
faba-261	232	24	notes	note	NOUN
faba-261	232	25	:	:	PUNCT
faba-261	232	26	wlr	wlr	NOUN
faba-261	232	27	is	be	AUX
faba-261	232	28	long	long	ADV
faba-261	232	29	-	-	PUNCT
faba-261	232	30	run	run	VERB
faba-261	232	31	asymmetric	asymmetric	ADJ
faba-261	232	32	test	test	NOUN
faba-261	232	33	;	;	PUNCT
faba-261	232	34	wsr	wsr	PROPN
faba-261	232	35	is	be	AUX
faba-261	232	36	short	short	ADJ
faba-261	232	37	-	-	PUNCT
faba-261	232	38	run	run	NOUN
faba-261	232	39	asymmetric	asymmetric	ADJ
faba-261	232	40	test	test	NOUN
faba-261	232	41	;	;	PUNCT
faba-261	232	42	*	*	PUNCT
faba-261	232	43	*	*	PUNCT
faba-261	232	44	*	*	PUNCT
faba-261	232	45	and	and	CCONJ
faba-261	232	46	*	*	PUNCT
faba-261	232	47	signifies	signifie	NOUN
faba-261	232	48	significance	significance	NOUN
faba-261	232	49	at	at	ADP
faba-261	232	50	1	1	NUM
faba-261	232	51	%	%	NOUN
faba-261	232	52	and	and	CCONJ
faba-261	232	53	10	10	NUM
faba-261	232	54	%	%	NOUN
faba-261	232	55	level	level	NOUN
faba-261	232	56	.	.	PUNCT
faba-261	233	1	long	long	ADV
faba-261	233	2	-	-	PUNCT
faba-261	233	3	run	run	VERB
faba-261	233	4	and	and	CCONJ
faba-261	233	5	short	short	ADJ
faba-261	233	6	-	-	PUNCT
faba-261	233	7	run	run	NOUN
faba-261	233	8	nardl	nardl	NOUN
faba-261	233	9	results	result	NOUN
faba-261	233	10	table	table	VERB
faba-261	233	11	6	6	NUM
faba-261	233	12	,	,	PUNCT
faba-261	233	13	panels	panel	VERB
faba-261	233	14	a	a	PRON
faba-261	233	15	and	and	CCONJ
faba-261	233	16	b	b	NOUN
faba-261	233	17	,	,	PUNCT
faba-261	233	18	presents	present	VERB
faba-261	233	19	the	the	DET
faba-261	233	20	long	long	ADV
faba-261	233	21	-	-	PUNCT
faba-261	233	22	run	run	VERB
faba-261	233	23	and	and	CCONJ
faba-261	233	24	short	short	ADJ
faba-261	233	25	-	-	PUNCT
faba-261	233	26	run	run	NOUN
faba-261	233	27	nardl	nardl	NOUN
faba-261	233	28	results	result	NOUN
faba-261	233	29	,	,	PUNCT
faba-261	233	30	respectively	respectively	ADV
faba-261	233	31	.	.	PUNCT
faba-261	233	32	table	table	NOUN
faba-261	233	33	6	6	NUM
faba-261	233	34	.	.	PUNCT
faba-261	234	1	nardl	nardl	NOUN
faba-261	234	2	results	result	VERB
faba-261	234	3	long	long	ADV
faba-261	234	4	-	-	PUNCT
faba-261	234	5	run	run	VERB
faba-261	234	6	and	and	CCONJ
faba-261	234	7	short	short	ADJ
faba-261	234	8	-	-	PUNCT
faba-261	234	9	run	run	NOUN
faba-261	234	10	coefficients	coefficient	NOUN
faba-261	234	11	dependent	dependent	ADJ
faba-261	234	12	variable	variable	NOUN
faba-261	234	13	is	be	AUX
faba-261	234	14	y	y	PROPN
faba-261	234	15	panel	panel	NOUN
faba-261	234	16	a	a	DET
faba-261	234	17	:	:	PUNCT
faba-261	234	18	long	long	ADJ
faba-261	234	19	-	-	PUNCT
faba-261	234	20	run	run	VERB
faba-261	234	21	results	result	NOUN
faba-261	234	22	regressor	regressor	NOUN
faba-261	234	23	coefficient	coefficient	PROPN
faba-261	234	24	t	t	PROPN
faba-261	234	25	-	-	PUNCT
faba-261	234	26	ratio	ratio	NOUN
faba-261	234	27	[	[	X
faba-261	234	28	p	p	NOUN
faba-261	234	29	-	-	PUNCT
faba-261	234	30	value	value	NOUN
faba-261	234	31	]	]	X
faba-261	234	32	lint+	lint+	X
faba-261	234	33	-0.086	-0.086	NUM
faba-261	234	34	-0.980	-0.980	PUNCT
faba-261	235	1	[	[	X
faba-261	235	2	0.339	0.339	NUM
faba-261	235	3	]	]	X
faba-261	235	4	lint−	lint−	PROPN
faba-261	236	1	0.461	0.461	NUM
faba-261	236	2	*	*	PUNCT
faba-261	236	3	*	*	PUNCT
faba-261	236	4	*	*	PUNCT
faba-261	236	5	4.399	4.399	NUM
faba-261	237	1	[	[	X
faba-261	237	2	0.000	0.000	X
faba-261	237	3	]	]	X
faba-261	237	4	linv	linv	X
faba-261	237	5	-0.043	-0.043	PRON
faba-261	238	1	-0.269	-0.269	PUNCT
faba-261	238	2	[	[	X
faba-261	238	3	0.791	0.791	NUM
faba-261	238	4	]	]	PUNCT
faba-261	238	5	lcred	lcre	VERB
faba-261	238	6	0.066	0.066	NUM
faba-261	238	7	0.570	0.570	NUM
faba-261	238	8	[	[	X
faba-261	238	9	0.575	0.575	NUM
faba-261	238	10	]	]	PUNCT
faba-261	238	11	lto	lto	PROPN
faba-261	238	12	0.056	0.056	NUM
faba-261	238	13	0.480	0.480	NUM
faba-261	238	14	[	[	X
faba-261	238	15	0.637	0.637	NUM
faba-261	238	16	]	]	PUNCT
faba-261	238	17	lexc	lexc	NOUN
faba-261	238	18	-0.322	-0.322	PROPN
faba-261	238	19	*	*	PUNCT
faba-261	238	20	*	*	PUNCT
faba-261	238	21	*	*	PUNCT
faba-261	238	22	-4.174	-4.174	PROPN
faba-261	239	1	[	[	X
faba-261	239	2	0.001	0.001	NUM
faba-261	239	3	]	]	PUNCT
faba-261	239	4	panel	panel	NOUN
faba-261	239	5	b	b	NOUN
faba-261	239	6	:	:	PUNCT
faba-261	239	7	short	short	ADJ
faba-261	239	8	-	-	PUNCT
faba-261	239	9	run	run	NOUN
faba-261	239	10	results	result	NOUN
faba-261	239	11	regressor	regressor	NOUN
faba-261	239	12	coefficient	coefficient	PROPN
faba-261	239	13	t	t	PROPN
faba-261	239	14	-	-	PUNCT
faba-261	239	15	ratio	ratio	NOUN
faba-261	239	16	[	[	X
faba-261	239	17	p	p	NOUN
faba-261	239	18	-	-	PUNCT
faba-261	239	19	value	value	NOUN
faba-261	239	20	]	]	X
faba-261	239	21	c	c	NOUN
faba-261	239	22	4.229	4.229	NUM
faba-261	239	23	*	*	PUNCT
faba-261	239	24	*	*	PUNCT
faba-261	239	25	*	*	NOUN
faba-261	239	26	6.225	6.225	NUM
faba-261	239	27	[	[	X
faba-261	239	28	0.000	0.000	NUM
faba-261	239	29	]	]	X
faba-261	239	30	@trend	@trend	NOUN
faba-261	239	31	0.031	0.031	NUM
faba-261	239	32	*	*	PUNCT
faba-261	239	33	*	*	PUNCT
faba-261	239	34	*	*	PUNCT
faba-261	239	35	6.335	6.335	NUM
faba-261	240	1	[	[	X
faba-261	240	2	0.000	0.000	NUM
faba-261	240	3	]	]	X
faba-261	240	4	∆lint+	∆lint+	NOUN
faba-261	240	5	0.030	0.030	NUM
faba-261	240	6	0.721	0.721	NUM
faba-261	241	1	[	[	X
faba-261	241	2	0.480	0.480	NUM
faba-261	241	3	]	]	PUNCT
faba-261	241	4	∆lint−	∆lint−	PROPN
faba-261	241	5	0.041	0.041	NUM
faba-261	241	6	1.278	1.278	NUM
faba-261	242	1	[	[	X
faba-261	242	2	0.217	0.217	NUM
faba-261	242	3	]	]	X
faba-261	242	4	∆lint−(−1	∆lint−(−1	PROPN
faba-261	242	5	)	)	PUNCT
faba-261	243	1	-0.178	-0.178	ADV
faba-261	244	1	*	*	PUNCT
faba-261	244	2	*	*	PUNCT
faba-261	244	3	*	*	PUNCT
faba-261	244	4	-3.989	-3.989	PUNCT
faba-261	245	1	[	[	X
faba-261	245	2	0.001	0.001	NUM
faba-261	245	3	]	]	PUNCT
faba-261	245	4	∆lint−(−2	∆lint−(−2	PROPN
faba-261	245	5	)	)	PUNCT
faba-261	246	1	-0.120	-0.120	PUNCT
faba-261	246	2	*	*	PUNCT
faba-261	246	3	*	*	PUNCT
faba-261	246	4	*	*	PUNCT
faba-261	246	5	-3.297	-3.297	PUNCT
faba-261	247	1	[	[	X
faba-261	247	2	0.004	0.004	NUM
faba-261	247	3	]	]	PUNCT
faba-261	247	4	∆linv	∆linv	NOUN
faba-261	247	5	0.057	0.057	NUM
faba-261	247	6	*	*	NUM
faba-261	247	7	1.817	1.817	NUM
faba-261	247	8	[	[	X
faba-261	247	9	0.085	0.085	NUM
faba-261	247	10	]	]	PUNCT
faba-261	247	11	∆linv(−1	∆linv(−1	PROPN
faba-261	247	12	)	)	PUNCT
faba-261	247	13	0.131	0.131	NUM
faba-261	247	14	*	*	PUNCT
faba-261	247	15	*	*	PUNCT
faba-261	247	16	*	*	PUNCT
faba-261	248	1	4.327	4.327	NUM
faba-261	248	2	[	[	NOUN
faba-261	248	3	0.000	0.000	NUM
faba-261	248	4	]	]	X
faba-261	248	5	∆lcred	∆lcre	VERB
faba-261	248	6	-0.089	-0.089	ADJ
faba-261	248	7	*	*	PUNCT
faba-261	248	8	*	*	PUNCT
faba-261	248	9	*	*	PUNCT
faba-261	248	10	-3.097	-3.097	PUNCT
faba-261	248	11	[	[	X
faba-261	248	12	0.006	0.006	NUM
faba-261	248	13	]	]	PUNCT
faba-261	248	14	∆lcred(−1	∆lcred(−1	PROPN
faba-261	248	15	)	)	PUNCT
faba-261	248	16	-0.076	-0.076	PUNCT
faba-261	248	17	*	*	PUNCT
faba-261	248	18	*	*	X
faba-261	248	19	2.408	2.408	NUM
faba-261	248	20	[	[	SYM
faba-261	248	21	0.026	0.026	NUM
faba-261	248	22	]	]	PUNCT
faba-261	248	23	∆lto	∆lto	X
faba-261	248	24	0.056	0.056	NUM
faba-261	248	25	*	*	NOUN
faba-261	248	26	2.052	2.052	NUM
faba-261	248	27	[	[	X
faba-261	248	28	0.054	0.054	X
faba-261	248	29	]	]	X
faba-261	248	30	∆lto(−1	∆lto(−1	X
faba-261	248	31	)	)	PUNCT
faba-261	248	32	-0.061	-0.061	PUNCT
faba-261	249	1	*	*	PUNCT
faba-261	249	2	*	*	PUNCT
faba-261	249	3	-2.254	-2.254	PUNCT
faba-261	250	1	[	[	X
faba-261	250	2	0.036	0.036	X
faba-261	250	3	]	]	X
faba-261	250	4	∆lexc	∆lexc	NUM
faba-261	250	5	-0.183	-0.183	PUNCT
faba-261	250	6	*	*	PUNCT
faba-261	250	7	*	*	PUNCT
faba-261	250	8	*	*	PUNCT
faba-261	250	9	-3.972	-3.972	PUNCT
faba-261	251	1	[	[	X
faba-261	251	2	0.001	0.001	NUM
faba-261	251	3	]	]	X
faba-261	251	4	ecm(−1	ecm(−1	X
faba-261	251	5	)	)	PUNCT
faba-261	251	6	-0.567	-0.567	NOUN
faba-261	251	7	*	*	PUNCT
faba-261	251	8	*	*	PUNCT
faba-261	251	9	*	*	PUNCT
faba-261	251	10	-5.904	-5.904	PUNCT
faba-261	252	1	[	[	X
faba-261	252	2	0.000	0.000	NUM
faba-261	252	3	]	]	X
faba-261	252	4	panel	panel	NOUN
faba-261	252	5	c	c	NOUN
faba-261	252	6	:	:	PUNCT
faba-261	252	7	test	test	NOUN
faba-261	252	8	statistics	statistic	NOUN
faba-261	252	9	rsquared	rsquare	VERB
faba-261	252	10	r	r	NOUN
faba-261	252	11	-	-	PUNCT
faba-261	252	12	bar	bar	NOUN
faba-261	252	13	-	-	PUNCT
faba-261	252	14	squared	square	VERB
faba-261	252	15	f	f	NOUN
faba-261	252	16	-	-	PUNCT
faba-261	252	17	statistic	statistic	NOUN
faba-261	252	18	[	[	X
faba-261	252	19	prob	prob	X
faba-261	252	20	]	]	X
faba-261	252	21	normality	normality	NOUN
faba-261	252	22	serial	serial	ADJ
faba-261	252	23	correlation	correlation	NOUN
faba-261	252	24	heteroscedasticity	heteroscedasticity	NOUN
faba-261	252	25	functional	functional	ADJ
faba-261	252	26	form	form	NOUN
faba-261	252	27	0.793	0.793	NUM
faba-261	252	28	0.693	0.693	NUM
faba-261	252	29	7.959	7.959	NUM
faba-261	252	30	[	[	X
faba-261	252	31	0.000	0.000	NUM
faba-261	252	32	]	]	PUNCT
faba-261	252	33	0.779	0.779	NUM
faba-261	253	1	[	[	X
faba-261	253	2	0.677	0.677	NUM
faba-261	253	3	]	]	PUNCT
faba-261	253	4	0.969	0.969	NUM
faba-261	254	1	[	[	X
faba-261	254	2	0.400	0.400	NUM
faba-261	254	3	]	]	PUNCT
faba-261	254	4	1.007	1.007	NUM
faba-261	254	5	[	[	X
faba-261	254	6	0.493	0.493	NUM
faba-261	254	7	]	]	PUNCT
faba-261	254	8	0.879	0.879	NUM
faba-261	255	1	[	[	X
faba-261	255	2	0.361	0.361	NUM
faba-261	255	3	]	]	PUNCT
faba-261	255	4	notes	note	NOUN
faba-261	255	5	:	:	PUNCT
faba-261	255	6	*	*	PUNCT
faba-261	255	7	,	,	PUNCT
faba-261	255	8	*	*	PUNCT
faba-261	255	9	*	*	PUNCT
faba-261	255	10	and	and	CCONJ
faba-261	255	11	*	*	PUNCT
faba-261	255	12	*	*	PUNCT
faba-261	255	13	*	*	PUNCT
faba-261	255	14	denote	denote	ADJ
faba-261	255	15	statistical	statistical	ADJ
faba-261	255	16	significance	significance	NOUN
faba-261	255	17	at	at	ADP
faba-261	255	18	10	10	NUM
faba-261	255	19	%	%	NOUN
faba-261	255	20	,	,	PUNCT
faba-261	255	21	5	5	NUM
faba-261	255	22	%	%	NOUN
faba-261	255	23	and	and	CCONJ
faba-261	255	24	1	1	NUM
faba-261	255	25	%	%	NOUN
faba-261	255	26	levels	level	NOUN
faba-261	255	27	,	,	PUNCT
faba-261	255	28	respectively	respectively	ADV
faba-261	255	29	“	"	PUNCT
faba-261	255	30	+	+	ADJ
faba-261	255	31	”	"	PUNCT
faba-261	255	32	and	and	CCONJ
faba-261	255	33	“	"	PUNCT
faba-261	255	34	-	-	PUNCT
faba-261	255	35	”	"	PUNCT
faba-261	255	36	denotes	denote	NOUN
faba-261	255	37	positive	positive	ADJ
faba-261	255	38	and	and	CCONJ
faba-261	255	39	negative	negative	ADJ
faba-261	255	40	shocks	shock	NOUN
faba-261	255	41	.	.	PUNCT
faba-261	256	1	t.	t.	PROPN
faba-261	256	2	saungweme	saungweme	PROPN
faba-261	256	3	,	,	PUNCT
faba-261	256	4	g.	g.	PROPN
faba-261	256	5	maluleke	maluleke	PROPN
faba-261	256	6	,	,	PUNCT
faba-261	256	7	n.	n.	PROPN
faba-261	256	8	odhiambo	odhiambo	X
faba-261	256	9	/	/	SYM
faba-261	256	10	finance	finance	NOUN
faba-261	256	11	,	,	PUNCT
faba-261	256	12	accounting	accounting	NOUN
faba-261	256	13	and	and	CCONJ
faba-261	256	14	business	business	NOUN
faba-261	256	15	analysis	analysis	NOUN
faba-261	256	16	,	,	PUNCT
faba-261	256	17	volume	volume	NOUN
faba-261	256	18	7	7	NUM
faba-261	256	19	,	,	PUNCT
faba-261	256	20	issue	issue	NOUN
faba-261	256	21	1	1	NUM
faba-261	256	22	,	,	PUNCT
faba-261	256	23	2025	2025	NUM
faba-261	256	24	78	78	NUM
faba-261	256	25	the	the	DET
faba-261	256	26	nardl	nardl	NOUN
faba-261	256	27	results	result	NOUN
faba-261	256	28	,	,	PUNCT
faba-261	256	29	which	which	PRON
faba-261	256	30	are	be	AUX
faba-261	256	31	reported	report	VERB
faba-261	256	32	in	in	ADP
faba-261	256	33	table	table	NOUN
faba-261	256	34	6	6	NUM
faba-261	256	35	,	,	PUNCT
faba-261	256	36	indicate	indicate	VERB
faba-261	256	37	that	that	SCONJ
faba-261	256	38	positive	positive	ADJ
faba-261	256	39	changes	change	NOUN
faba-261	256	40	in	in	ADP
faba-261	256	41	interest	interest	NOUN
faba-261	256	42	rates	rate	NOUN
faba-261	256	43	(	(	PUNCT
faba-261	256	44	𝑙𝐼𝑁𝑇+	𝑙𝐼𝑁𝑇+	PROPN
faba-261	256	45	)	)	PUNCT
faba-261	256	46	have	have	VERB
faba-261	256	47	no	no	DET
faba-261	256	48	significant	significant	ADJ
faba-261	256	49	impact	impact	NOUN
faba-261	256	50	on	on	ADP
faba-261	256	51	economic	economic	ADJ
faba-261	256	52	growth	growth	NOUN
faba-261	256	53	,	,	PUNCT
faba-261	256	54	irrespective	irrespective	ADV
faba-261	256	55	of	of	ADP
faba-261	256	56	whether	whether	SCONJ
faba-261	256	57	the	the	DET
faba-261	256	58	analysis	analysis	NOUN
faba-261	256	59	is	be	AUX
faba-261	256	60	conducted	conduct	VERB
faba-261	256	61	in	in	ADP
faba-261	256	62	the	the	DET
faba-261	256	63	short	short	ADJ
faba-261	256	64	run	run	NOUN
faba-261	256	65	or	or	CCONJ
faba-261	256	66	in	in	ADP
faba-261	256	67	the	the	DET
faba-261	256	68	long	long	ADJ
faba-261	256	69	run	run	NOUN
faba-261	256	70	.	.	PUNCT
faba-261	257	1	the	the	DET
faba-261	257	2	results	result	NOUN
faba-261	257	3	also	also	ADV
faba-261	257	4	indicate	indicate	VERB
faba-261	257	5	that	that	SCONJ
faba-261	257	6	negative	negative	ADJ
faba-261	257	7	changes	change	NOUN
faba-261	257	8	in	in	ADP
faba-261	257	9	interest	interest	NOUN
faba-261	257	10	rates	rate	NOUN
faba-261	257	11	(	(	PUNCT
faba-261	257	12	𝑙𝐼𝑁𝑇−	𝑙𝐼𝑁𝑇−	NOUN
faba-261	257	13	)	)	PUNCT
faba-261	257	14	and	and	CCONJ
faba-261	257	15	economic	economic	ADJ
faba-261	257	16	growth	growth	NOUN
faba-261	257	17	move	move	NOUN
faba-261	257	18	in	in	ADP
faba-261	257	19	the	the	DET
faba-261	257	20	same	same	ADJ
faba-261	257	21	direction	direction	NOUN
faba-261	257	22	,	,	PUNCT
faba-261	257	23	as	as	SCONJ
faba-261	257	24	evidenced	evidence	VERB
faba-261	257	25	by	by	ADP
faba-261	257	26	the	the	DET
faba-261	257	27	positive	positive	ADJ
faba-261	257	28	and	and	CCONJ
faba-261	257	29	statistically	statistically	ADV
faba-261	257	30	significant	significant	ADJ
faba-261	257	31	coefficient	coefficient	NOUN
faba-261	257	32	of	of	ADP
faba-261	257	33	the	the	DET
faba-261	257	34	negative	negative	ADJ
faba-261	257	35	partial	partial	ADJ
faba-261	257	36	sum	sum	NOUN
faba-261	257	37	of	of	ADP
faba-261	257	38	interest	interest	NOUN
faba-261	257	39	rates	rate	NOUN
faba-261	257	40	.	.	PUNCT
faba-261	258	1	this	this	PRON
faba-261	258	2	suggests	suggest	VERB
faba-261	258	3	that	that	SCONJ
faba-261	258	4	,	,	PUNCT
faba-261	258	5	other	other	ADJ
faba-261	258	6	things	thing	NOUN
faba-261	258	7	being	be	AUX
faba-261	258	8	equal	equal	ADJ
faba-261	258	9	,	,	PUNCT
faba-261	258	10	negative	negative	ADJ
faba-261	258	11	shocks	shock	NOUN
faba-261	258	12	to	to	ADP
faba-261	258	13	interest	interest	NOUN
faba-261	258	14	rates	rate	NOUN
faba-261	258	15	are	be	AUX
faba-261	258	16	likely	likely	ADJ
faba-261	258	17	to	to	PART
faba-261	258	18	be	be	AUX
faba-261	258	19	accompanied	accompany	VERB
faba-261	258	20	by	by	ADP
faba-261	258	21	a	a	DET
faba-261	258	22	corresponding	corresponding	ADJ
faba-261	258	23	decline	decline	NOUN
faba-261	258	24	in	in	ADP
faba-261	258	25	economic	economic	ADJ
faba-261	258	26	growth	growth	NOUN
faba-261	258	27	in	in	ADP
faba-261	258	28	the	the	DET
faba-261	258	29	long	long	ADJ
faba-261	258	30	run	run	NOUN
faba-261	258	31	.	.	PUNCT
faba-261	259	1	one	one	NUM
faba-261	259	2	reason	reason	NOUN
faba-261	259	3	for	for	ADP
faba-261	259	4	this	this	PRON
faba-261	259	5	could	could	AUX
faba-261	259	6	be	be	AUX
faba-261	259	7	that	that	SCONJ
faba-261	259	8	when	when	SCONJ
faba-261	259	9	the	the	DET
faba-261	259	10	central	central	ADJ
faba-261	259	11	bank	bank	NOUN
faba-261	259	12	lowers	lower	VERB
faba-261	259	13	interest	interest	NOUN
faba-261	259	14	rates	rate	NOUN
faba-261	259	15	,	,	PUNCT
faba-261	259	16	economic	economic	ADJ
faba-261	259	17	agents	agent	NOUN
faba-261	259	18	save	save	VERB
faba-261	259	19	less	less	ADJ
faba-261	259	20	because	because	SCONJ
faba-261	259	21	they	they	PRON
faba-261	259	22	will	will	AUX
faba-261	259	23	not	not	PART
faba-261	259	24	be	be	AUX
faba-261	259	25	earning	earn	VERB
faba-261	259	26	higher	high	ADJ
faba-261	259	27	returns	return	NOUN
faba-261	259	28	on	on	ADP
faba-261	259	29	their	their	PRON
faba-261	259	30	savings	saving	NOUN
faba-261	259	31	.	.	PUNCT
faba-261	260	1	the	the	DET
faba-261	260	2	low	low	ADJ
faba-261	260	3	saving	saving	NOUN
faba-261	260	4	rate	rate	NOUN
faba-261	260	5	can	can	AUX
faba-261	260	6	lead	lead	VERB
faba-261	260	7	to	to	ADP
faba-261	260	8	a	a	DET
faba-261	260	9	lower	low	ADJ
faba-261	260	10	level	level	NOUN
faba-261	260	11	of	of	ADP
faba-261	260	12	investment	investment	NOUN
faba-261	260	13	,	,	PUNCT
faba-261	260	14	which	which	PRON
faba-261	260	15	could	could	AUX
faba-261	260	16	contribute	contribute	VERB
faba-261	260	17	to	to	ADP
faba-261	260	18	a	a	DET
faba-261	260	19	decrease	decrease	NOUN
faba-261	260	20	in	in	ADP
faba-261	260	21	economic	economic	ADJ
faba-261	260	22	growth	growth	NOUN
faba-261	260	23	.	.	PUNCT
faba-261	261	1	the	the	DET
faba-261	261	2	results	result	NOUN
faba-261	261	3	also	also	ADV
faba-261	261	4	indicate	indicate	VERB
faba-261	261	5	that	that	SCONJ
faba-261	261	6	there	there	PRON
faba-261	261	7	is	be	VERB
faba-261	261	8	an	an	DET
faba-261	261	9	inverse	inverse	NOUN
faba-261	261	10	relationship	relationship	NOUN
faba-261	261	11	between	between	ADP
faba-261	261	12	negative	negative	ADJ
faba-261	261	13	changes	change	NOUN
faba-261	261	14	in	in	ADP
faba-261	261	15	lending	lend	VERB
faba-261	261	16	interest	interest	NOUN
faba-261	261	17	rates	rate	NOUN
faba-261	261	18	from	from	ADP
faba-261	261	19	the	the	DET
faba-261	261	20	preceding	precede	VERB
faba-261	261	21	period	period	NOUN
faba-261	261	22	and	and	CCONJ
faba-261	261	23	economic	economic	ADJ
faba-261	261	24	growth	growth	NOUN
faba-261	261	25	in	in	ADP
faba-261	261	26	the	the	DET
faba-261	261	27	short	short	ADJ
faba-261	261	28	run	run	NOUN
faba-261	261	29	.	.	PUNCT
faba-261	262	1	this	this	PRON
faba-261	262	2	is	be	AUX
faba-261	262	3	supported	support	VERB
faba-261	262	4	by	by	ADP
faba-261	262	5	the	the	DET
faba-261	262	6	coefficient	coefficient	NOUN
faba-261	262	7	of	of	ADP
faba-261	262	8	the	the	DET
faba-261	262	9	partial	partial	ADJ
faba-261	262	10	negative	negative	ADJ
faba-261	262	11	sum	sum	NOUN
faba-261	262	12	of	of	ADP
faba-261	262	13	interest	interest	NOUN
faba-261	262	14	rates	rate	NOUN
faba-261	262	15	,	,	PUNCT
faba-261	262	16	which	which	PRON
faba-261	262	17	has	have	AUX
faba-261	262	18	been	be	AUX
faba-261	262	19	found	find	VERB
faba-261	262	20	to	to	PART
faba-261	262	21	be	be	AUX
faba-261	262	22	negative	negative	ADJ
faba-261	262	23	and	and	CCONJ
faba-261	262	24	statistically	statistically	ADV
faba-261	262	25	significant	significant	ADJ
faba-261	262	26	.	.	PUNCT
faba-261	263	1	this	this	PRON
faba-261	263	2	indicates	indicate	VERB
faba-261	263	3	that	that	SCONJ
faba-261	263	4	decreases	decrease	NOUN
faba-261	263	5	in	in	ADP
faba-261	263	6	interest	interest	NOUN
faba-261	263	7	rates	rate	NOUN
faba-261	263	8	have	have	VERB
faba-261	263	9	the	the	DET
faba-261	263	10	potential	potential	NOUN
faba-261	263	11	to	to	PART
faba-261	263	12	spur	spur	VERB
faba-261	263	13	economic	economic	ADJ
faba-261	263	14	growth	growth	NOUN
faba-261	263	15	in	in	ADP
faba-261	263	16	the	the	DET
faba-261	263	17	short	short	ADJ
faba-261	263	18	run	run	NOUN
faba-261	263	19	,	,	PUNCT
faba-261	263	20	as	as	SCONJ
faba-261	263	21	lower	low	ADJ
faba-261	263	22	rates	rate	NOUN
faba-261	263	23	can	can	AUX
faba-261	263	24	incentivise	incentivise	VERB
faba-261	263	25	borrowing	borrow	VERB
faba-261	263	26	for	for	ADP
faba-261	263	27	both	both	DET
faba-261	263	28	investment	investment	NOUN
faba-261	263	29	and	and	CCONJ
faba-261	263	30	consumption	consumption	NOUN
faba-261	263	31	.	.	PUNCT
faba-261	264	1	the	the	DET
faba-261	264	2	major	major	ADJ
faba-261	264	3	findings	finding	NOUN
faba-261	264	4	of	of	ADP
faba-261	264	5	this	this	DET
faba-261	264	6	study	study	NOUN
faba-261	264	7	indicate	indicate	VERB
faba-261	264	8	that	that	SCONJ
faba-261	264	9	negative	negative	ADJ
faba-261	264	10	changes	change	NOUN
faba-261	264	11	in	in	ADP
faba-261	264	12	interest	interest	NOUN
faba-261	264	13	rates	rate	NOUN
faba-261	264	14	have	have	VERB
faba-261	264	15	an	an	DET
faba-261	264	16	asymmetrical	asymmetrical	ADJ
faba-261	264	17	impact	impact	NOUN
faba-261	264	18	on	on	ADP
faba-261	264	19	economic	economic	ADJ
faba-261	264	20	growth	growth	NOUN
faba-261	264	21	in	in	ADP
faba-261	264	22	kenya	kenya	PROPN
faba-261	264	23	,	,	PUNCT
faba-261	264	24	depending	depend	VERB
faba-261	264	25	on	on	ADP
faba-261	264	26	the	the	DET
faba-261	264	27	direction	direction	NOUN
faba-261	264	28	of	of	ADP
faba-261	264	29	change	change	NOUN
faba-261	264	30	and	and	CCONJ
faba-261	264	31	the	the	DET
faba-261	264	32	time	time	NOUN
faba-261	264	33	scale	scale	NOUN
faba-261	264	34	taken	take	VERB
faba-261	264	35	into	into	ADP
faba-261	264	36	account	account	NOUN
faba-261	264	37	.	.	PUNCT
faba-261	265	1	overall	overall	ADV
faba-261	265	2	,	,	PUNCT
faba-261	265	3	based	base	VERB
faba-261	265	4	on	on	ADP
faba-261	265	5	these	these	DET
faba-261	265	6	conclusions	conclusion	NOUN
faba-261	265	7	,	,	PUNCT
faba-261	265	8	the	the	DET
faba-261	265	9	study	study	NOUN
faba-261	265	10	concludes	conclude	VERB
faba-261	265	11	that	that	SCONJ
faba-261	265	12	negative	negative	ADJ
faba-261	265	13	interest	interest	NOUN
faba-261	265	14	rate	rate	NOUN
faba-261	265	15	changes	change	NOUN
faba-261	265	16	play	play	VERB
faba-261	265	17	a	a	DET
faba-261	265	18	significant	significant	ADJ
faba-261	265	19	role	role	NOUN
faba-261	265	20	in	in	ADP
faba-261	265	21	defining	define	VERB
faba-261	265	22	the	the	DET
faba-261	265	23	country	country	NOUN
faba-261	265	24	's	's	PART
faba-261	265	25	possibilities	possibility	NOUN
faba-261	265	26	for	for	ADP
faba-261	265	27	future	future	ADJ
faba-261	265	28	prosperity	prosperity	NOUN
faba-261	265	29	.	.	PUNCT
faba-261	266	1	the	the	DET
faba-261	266	2	results	result	NOUN
faba-261	266	3	of	of	ADP
faba-261	266	4	control	control	NOUN
faba-261	266	5	variables	variable	NOUN
faba-261	266	6	reported	report	VERB
faba-261	266	7	in	in	ADP
faba-261	266	8	panels	panel	NOUN
faba-261	266	9	a	a	PRON
faba-261	266	10	and	and	CCONJ
faba-261	266	11	b	b	NOUN
faba-261	266	12	show	show	NOUN
faba-261	266	13	that	that	SCONJ
faba-261	266	14	investment	investment	NOUN
faba-261	266	15	has	have	VERB
faba-261	266	16	a	a	DET
faba-261	266	17	significant	significant	ADJ
faba-261	266	18	positive	positive	ADJ
faba-261	266	19	impact	impact	NOUN
faba-261	266	20	on	on	ADP
faba-261	266	21	economic	economic	ADJ
faba-261	266	22	growth	growth	NOUN
faba-261	266	23	in	in	ADP
faba-261	266	24	kenya	kenya	PROPN
faba-261	266	25	,	,	PUNCT
faba-261	266	26	only	only	ADV
faba-261	266	27	in	in	ADP
faba-261	266	28	the	the	DET
faba-261	266	29	short	short	ADJ
faba-261	266	30	run	run	NOUN
faba-261	266	31	.	.	PUNCT
faba-261	267	1	this	this	DET
faba-261	267	2	finding	finding	NOUN
faba-261	267	3	is	be	AUX
faba-261	267	4	consistent	consistent	ADJ
faba-261	267	5	with	with	ADP
faba-261	267	6	the	the	DET
faba-261	267	7	principles	principle	NOUN
faba-261	267	8	of	of	ADP
faba-261	267	9	h	h	NOUN
faba-261	267	10	-	-	PUNCT
faba-261	267	11	d	d	NOUN
faba-261	267	12	and	and	CCONJ
faba-261	267	13	solow	solow	PROPN
faba-261	267	14	-	-	PUNCT
faba-261	267	15	swan	swan	NOUN
faba-261	267	16	models	model	NOUN
faba-261	267	17	presented	present	VERB
faba-261	267	18	in	in	ADP
faba-261	267	19	earlier	early	ADJ
faba-261	267	20	sections	section	NOUN
faba-261	267	21	.	.	PUNCT
faba-261	268	1	the	the	DET
faba-261	268	2	findings	finding	NOUN
faba-261	268	3	of	of	ADP
faba-261	268	4	financial	financial	ADJ
faba-261	268	5	development	development	NOUN
faba-261	268	6	point	point	NOUN
faba-261	268	7	to	to	ADP
faba-261	268	8	detrimental	detrimental	ADJ
faba-261	268	9	effects	effect	NOUN
faba-261	268	10	on	on	ADP
faba-261	268	11	economic	economic	ADJ
faba-261	268	12	growth	growth	NOUN
faba-261	268	13	exclusively	exclusively	ADV
faba-261	268	14	in	in	ADP
faba-261	268	15	the	the	DET
faba-261	268	16	short	short	ADJ
faba-261	268	17	run	run	NOUN
faba-261	268	18	,	,	PUNCT
faba-261	268	19	while	while	SCONJ
faba-261	268	20	it	it	PRON
faba-261	268	21	is	be	AUX
faba-261	268	22	statistically	statistically	ADV
faba-261	268	23	insignificant	insignificant	ADJ
faba-261	268	24	in	in	ADP
faba-261	268	25	the	the	DET
faba-261	268	26	long	long	ADJ
faba-261	268	27	run	run	NOUN
faba-261	268	28	.	.	PUNCT
faba-261	269	1	trade	trade	NOUN
faba-261	269	2	openness	openness	NOUN
faba-261	269	3	has	have	AUX
faba-261	269	4	been	be	AUX
faba-261	269	5	shown	show	VERB
faba-261	269	6	to	to	PART
faba-261	269	7	promote	promote	VERB
faba-261	269	8	economic	economic	ADJ
faba-261	269	9	growth	growth	NOUN
faba-261	269	10	in	in	ADP
faba-261	269	11	the	the	DET
faba-261	269	12	short	short	ADJ
faba-261	269	13	run	run	NOUN
faba-261	269	14	,	,	PUNCT
faba-261	269	15	but	but	CCONJ
faba-261	269	16	the	the	DET
faba-261	269	17	results	result	NOUN
faba-261	269	18	also	also	ADV
faba-261	269	19	indicate	indicate	VERB
faba-261	269	20	that	that	SCONJ
faba-261	269	21	trade	trade	NOUN
faba-261	269	22	openness	openness	NOUN
faba-261	269	23	from	from	ADP
faba-261	269	24	previous	previous	ADJ
faba-261	269	25	periods	period	NOUN
faba-261	269	26	causes	cause	VERB
faba-261	269	27	economic	economic	ADJ
faba-261	269	28	decline	decline	NOUN
faba-261	269	29	.	.	PUNCT
faba-261	270	1	while	while	SCONJ
faba-261	270	2	the	the	DET
faba-261	270	3	adverse	adverse	ADJ
faba-261	270	4	effects	effect	NOUN
faba-261	270	5	of	of	ADP
faba-261	270	6	financial	financial	ADJ
faba-261	270	7	development	development	NOUN
faba-261	270	8	may	may	AUX
faba-261	270	9	indicate	indicate	VERB
faba-261	270	10	a	a	DET
faba-261	270	11	small	small	ADJ
faba-261	270	12	financial	financial	ADJ
faba-261	270	13	sector	sector	NOUN
faba-261	270	14	vulnerable	vulnerable	ADJ
faba-261	270	15	to	to	ADP
faba-261	270	16	adverse	adverse	ADJ
faba-261	270	17	financial	financial	ADJ
faba-261	270	18	developments	development	NOUN
faba-261	270	19	in	in	ADP
faba-261	270	20	international	international	ADJ
faba-261	270	21	markets	market	NOUN
faba-261	270	22	,	,	PUNCT
faba-261	270	23	baliamoune	baliamoune	NOUN
faba-261	270	24	-	-	PUNCT
faba-261	270	25	lutz	lutz	NOUN
faba-261	270	26	and	and	CCONJ
faba-261	270	27	ndikumana	ndikumana	PROPN
faba-261	270	28	(	(	PUNCT
faba-261	270	29	2007	2007	NUM
faba-261	270	30	)	)	PUNCT
faba-261	270	31	contend	contend	VERB
faba-261	270	32	that	that	SCONJ
faba-261	270	33	weak	weak	ADJ
faba-261	270	34	institutions	institution	NOUN
faba-261	270	35	to	to	PART
faba-261	270	36	facilitate	facilitate	VERB
faba-261	270	37	reciprocal	reciprocal	ADJ
faba-261	270	38	trade	trade	NOUN
faba-261	270	39	benefits	benefit	NOUN
faba-261	270	40	are	be	AUX
faba-261	270	41	the	the	DET
faba-261	270	42	root	root	NOUN
faba-261	270	43	cause	cause	NOUN
faba-261	270	44	of	of	ADP
faba-261	270	45	the	the	DET
faba-261	270	46	negative	negative	ADJ
faba-261	270	47	correlation	correlation	NOUN
faba-261	270	48	between	between	ADP
faba-261	270	49	trade	trade	NOUN
faba-261	270	50	openness	openness	NOUN
faba-261	270	51	and	and	CCONJ
faba-261	270	52	economic	economic	ADJ
faba-261	270	53	growth	growth	NOUN
faba-261	270	54	(	(	PUNCT
faba-261	270	55	see	see	VERB
faba-261	270	56	also	also	ADV
faba-261	270	57	,	,	PUNCT
faba-261	270	58	imf	imf	PROPN
faba-261	270	59	,	,	PUNCT
faba-261	270	60	2024	2024	NUM
faba-261	270	61	)	)	PUNCT
faba-261	270	62	.	.	PUNCT
faba-261	271	1	furthermore	furthermore	ADV
faba-261	271	2	,	,	PUNCT
faba-261	271	3	it	it	PRON
faba-261	271	4	was	be	AUX
faba-261	271	5	shown	show	VERB
faba-261	271	6	that	that	SCONJ
faba-261	271	7	changes	change	NOUN
faba-261	271	8	in	in	ADP
faba-261	271	9	exchange	exchange	NOUN
faba-261	271	10	rates	rate	NOUN
faba-261	271	11	have	have	VERB
faba-261	271	12	a	a	DET
faba-261	271	13	negative	negative	ADJ
faba-261	271	14	impact	impact	NOUN
faba-261	271	15	on	on	ADP
faba-261	271	16	economic	economic	ADJ
faba-261	271	17	growth	growth	NOUN
faba-261	271	18	in	in	ADP
faba-261	271	19	the	the	DET
faba-261	271	20	long	long	ADJ
faba-261	271	21	and	and	CCONJ
faba-261	271	22	short	short	ADJ
faba-261	271	23	run	run	NOUN
faba-261	271	24	.	.	PUNCT
faba-261	272	1	this	this	PRON
faba-261	272	2	implies	imply	VERB
faba-261	272	3	that	that	SCONJ
faba-261	272	4	a	a	DET
faba-261	272	5	depreciation	depreciation	NOUN
faba-261	272	6	of	of	ADP
faba-261	272	7	the	the	DET
faba-261	272	8	exchange	exchange	NOUN
faba-261	272	9	rate	rate	NOUN
faba-261	272	10	in	in	ADP
faba-261	272	11	kenya	kenya	PROPN
faba-261	272	12	is	be	AUX
faba-261	272	13	likely	likely	ADJ
faba-261	272	14	to	to	PART
faba-261	272	15	boost	boost	VERB
faba-261	272	16	exports	export	NOUN
faba-261	272	17	and	and	CCONJ
faba-261	272	18	increase	increase	VERB
faba-261	272	19	economic	economic	ADJ
faba-261	272	20	growth	growth	NOUN
faba-261	272	21	.	.	PUNCT
faba-261	273	1	the	the	DET
faba-261	273	2	dynamic	dynamic	ADJ
faba-261	273	3	multiplier	multipli	ADJ
faba-261	273	4	graph	graph	NOUN
faba-261	273	5	presented	present	VERB
faba-261	273	6	in	in	ADP
faba-261	273	7	figure	figure	NOUN
faba-261	273	8	2	2	NUM
faba-261	273	9	validates	validate	VERB
faba-261	273	10	the	the	DET
faba-261	273	11	presence	presence	NOUN
faba-261	273	12	of	of	ADP
faba-261	273	13	an	an	DET
faba-261	273	14	asymmetric	asymmetric	ADJ
faba-261	273	15	relationship	relationship	NOUN
faba-261	273	16	between	between	ADP
faba-261	273	17	interest	interest	NOUN
faba-261	273	18	rates	rate	NOUN
faba-261	273	19	and	and	CCONJ
faba-261	273	20	economic	economic	ADJ
faba-261	273	21	growth	growth	NOUN
faba-261	273	22	.	.	PUNCT
faba-261	274	1	explicitly	explicitly	ADV
faba-261	274	2	,	,	PUNCT
faba-261	274	3	the	the	DET
faba-261	274	4	black	black	ADJ
faba-261	274	5	dotted	dotted	ADJ
faba-261	274	6	line	line	NOUN
faba-261	274	7	indicates	indicate	VERB
faba-261	274	8	the	the	DET
faba-261	274	9	nonlinear	nonlinear	ADJ
faba-261	274	10	adjustment	adjustment	NOUN
faba-261	274	11	of	of	ADP
faba-261	274	12	economic	economic	ADJ
faba-261	274	13	growth	growth	NOUN
faba-261	274	14	to	to	ADP
faba-261	274	15	negative	negative	ADJ
faba-261	274	16	shocks	shock	NOUN
faba-261	274	17	,	,	PUNCT
faba-261	274	18	while	while	SCONJ
faba-261	274	19	the	the	DET
faba-261	274	20	solid	solid	ADJ
faba-261	274	21	black	black	ADJ
faba-261	274	22	line	line	NOUN
faba-261	274	23	portrays	portray	VERB
faba-261	274	24	the	the	DET
faba-261	274	25	adjustment	adjustment	NOUN
faba-261	274	26	of	of	ADP
faba-261	274	27	economic	economic	ADJ
faba-261	274	28	growth	growth	NOUN
faba-261	274	29	to	to	ADP
faba-261	274	30	positive	positive	ADJ
faba-261	274	31	shocks	shock	NOUN
faba-261	274	32	.	.	PUNCT
faba-261	275	1	overall	overall	ADV
faba-261	275	2	,	,	PUNCT
faba-261	275	3	the	the	DET
faba-261	275	4	dynamic	dynamic	ADJ
faba-261	275	5	multiplier	multiplier	NOUN
faba-261	275	6	reported	report	VERB
faba-261	275	7	in	in	ADP
faba-261	275	8	figure	figure	NOUN
faba-261	275	9	2	2	NUM
faba-261	275	10	shows	show	VERB
faba-261	275	11	that	that	SCONJ
faba-261	275	12	the	the	DET
faba-261	275	13	effects	effect	NOUN
faba-261	275	14	of	of	ADP
faba-261	275	15	positive	positive	ADJ
faba-261	275	16	shocks	shock	NOUN
faba-261	275	17	to	to	ADP
faba-261	275	18	interest	interest	NOUN
faba-261	275	19	rates	rate	NOUN
faba-261	275	20	are	be	AUX
faba-261	275	21	more	more	ADV
faba-261	275	22	pronounced	pronounced	ADJ
faba-261	275	23	than	than	ADP
faba-261	275	24	those	those	PRON
faba-261	275	25	of	of	ADP
faba-261	275	26	negative	negative	ADJ
faba-261	275	27	shocks	shock	NOUN
faba-261	275	28	in	in	ADP
faba-261	275	29	the	the	DET
faba-261	275	30	long	long	ADJ
faba-261	275	31	run	run	NOUN
faba-261	275	32	.	.	PUNCT
faba-261	276	1	the	the	DET
faba-261	276	2	cusum	cusum	NOUN
faba-261	276	3	and	and	CCONJ
faba-261	276	4	cusumsq	cusumsq	ADV
faba-261	276	5	graphs	graph	NOUN
faba-261	276	6	presented	present	VERB
faba-261	276	7	in	in	ADP
faba-261	276	8	figure	figure	NOUN
faba-261	276	9	3	3	NUM
faba-261	276	10	are	be	AUX
faba-261	276	11	within	within	ADP
faba-261	276	12	the	the	DET
faba-261	276	13	bounds	bound	NOUN
faba-261	276	14	at	at	ADP
faba-261	276	15	a	a	DET
faba-261	276	16	5	5	NUM
faba-261	276	17	%	%	NOUN
faba-261	276	18	significance	significance	NOUN
faba-261	276	19	level	level	NOUN
faba-261	276	20	,	,	PUNCT
faba-261	276	21	implying	imply	VERB
faba-261	276	22	that	that	SCONJ
faba-261	276	23	the	the	DET
faba-261	276	24	estimated	estimate	VERB
faba-261	276	25	model	model	NOUN
faba-261	276	26	passes	pass	VERB
faba-261	276	27	the	the	DET
faba-261	276	28	stability	stability	NOUN
faba-261	276	29	test	test	NOUN
faba-261	276	30	,	,	PUNCT
faba-261	276	31	confirming	confirm	VERB
faba-261	276	32	the	the	DET
faba-261	276	33	consistency	consistency	NOUN
faba-261	276	34	and	and	CCONJ
faba-261	276	35	reliability	reliability	NOUN
faba-261	276	36	of	of	ADP
faba-261	276	37	the	the	DET
faba-261	276	38	coefficients	coefficient	NOUN
faba-261	276	39	.	.	PUNCT
faba-261	277	1	figure	figure	NOUN
faba-261	277	2	2	2	NUM
faba-261	277	3	.	.	PUNCT
faba-261	277	4	dynamic	dynamic	ADJ
faba-261	277	5	multiplier	multipli	ADJ
faba-261	277	6	graph	graph	NOUN
faba-261	277	7	-1.0	-1.0	PROPN
faba-261	277	8	-0.8	-0.8	PROPN
faba-261	277	9	-0.6	-0.6	PROPN
faba-261	277	10	-0.4	-0.4	X
faba-261	277	11	-0.2	-0.2	PROPN
faba-261	277	12	0.0	0.0	NUM
faba-261	277	13	0.2	0.2	NUM
faba-261	277	14	1	1	NUM
faba-261	277	15	3	3	NUM
faba-261	277	16	5	5	NUM
faba-261	277	17	7	7	NUM
faba-261	277	18	9	9	NUM
faba-261	277	19	11	11	NUM
faba-261	277	20	13	13	NUM
faba-261	277	21	15	15	NUM
faba-261	277	22	multiplier	multipli	ADJ
faba-261	277	23	for	for	ADP
faba-261	277	24	lint(+	lint(+	NOUN
faba-261	277	25	)	)	PUNCT
faba-261	277	26	multiplier	multipli	ADJ
faba-261	277	27	for	for	ADP
faba-261	277	28	lint(-	lint(-	ADJ
faba-261	277	29	)	)	PUNCT
faba-261	277	30	asymmetry	asymmetry	NOUN
faba-261	277	31	plot	plot	NOUN
faba-261	277	32	(	(	PUNCT
faba-261	277	33	with	with	ADP
faba-261	277	34	c.i	c.i	PROPN
faba-261	277	35	.	.	PUNCT
faba-261	277	36	)	)	PUNCT
faba-261	278	1	t.	t.	PROPN
faba-261	278	2	saungweme	saungweme	PROPN
faba-261	278	3	,	,	PUNCT
faba-261	278	4	g.	g.	PROPN
faba-261	278	5	maluleke	maluleke	PROPN
faba-261	278	6	,	,	PUNCT
faba-261	278	7	n.	n.	PROPN
faba-261	278	8	odhiambo	odhiambo	X
faba-261	278	9	/	/	SYM
faba-261	278	10	finance	finance	NOUN
faba-261	278	11	,	,	PUNCT
faba-261	278	12	accounting	accounting	NOUN
faba-261	278	13	and	and	CCONJ
faba-261	278	14	business	business	NOUN
faba-261	278	15	analysis	analysis	NOUN
faba-261	278	16	,	,	PUNCT
faba-261	278	17	volume	volume	NOUN
faba-261	278	18	7	7	NUM
faba-261	278	19	,	,	PUNCT
faba-261	278	20	issue	issue	NOUN
faba-261	278	21	1	1	NUM
faba-261	278	22	,	,	PUNCT
faba-261	278	23	2025	2025	NUM
faba-261	278	24	79	79	NUM
faba-261	278	25	figure	figure	NOUN
faba-261	278	26	3a	3a	NUM
faba-261	278	27	.	.	PUNCT
faba-261	279	1	cusum	cusum	PROPN
faba-261	279	2	graph	graph	NOUN
faba-261	279	3	figure	figure	NOUN
faba-261	279	4	3b	3b	NUM
faba-261	279	5	.	.	PUNCT
faba-261	280	1	cusumsq	cusumsq	ADV
faba-261	280	2	graph	graph	NOUN
faba-261	280	3	conclusion	conclusion	NOUN
faba-261	280	4	and	and	CCONJ
faba-261	280	5	recommendations	recommendation	NOUN
faba-261	280	6	the	the	DET
faba-261	280	7	economic	economic	ADJ
faba-261	280	8	and	and	CCONJ
faba-261	280	9	monetary	monetary	ADJ
faba-261	280	10	policies	policy	NOUN
faba-261	280	11	of	of	ADP
faba-261	280	12	kenya	kenya	PROPN
faba-261	280	13	underwent	undergo	VERB
faba-261	280	14	significant	significant	ADJ
faba-261	280	15	evolution	evolution	NOUN
faba-261	280	16	from	from	ADP
faba-261	280	17	1964	1964	NUM
faba-261	280	18	to	to	ADP
faba-261	280	19	2023	2023	NUM
faba-261	280	20	.	.	PUNCT
faba-261	281	1	initially	initially	ADV
faba-261	281	2	characterised	characterise	VERB
faba-261	281	3	by	by	ADP
faba-261	281	4	dormant	dormant	ADJ
faba-261	281	5	interest	interest	NOUN
faba-261	281	6	rate	rate	NOUN
faba-261	281	7	policies	policy	NOUN
faba-261	281	8	managed	manage	VERB
faba-261	281	9	through	through	ADP
faba-261	281	10	statutory	statutory	ADJ
faba-261	281	11	controls	control	NOUN
faba-261	281	12	,	,	PUNCT
faba-261	281	13	the	the	DET
faba-261	281	14	landscape	landscape	NOUN
faba-261	281	15	shifted	shift	VERB
faba-261	281	16	by	by	ADP
faba-261	281	17	1991	1991	NUM
faba-261	281	18	as	as	SCONJ
faba-261	281	19	internal	internal	ADJ
faba-261	281	20	and	and	CCONJ
faba-261	281	21	external	external	ADJ
faba-261	281	22	shocks	shock	NOUN
faba-261	281	23	prompted	prompt	VERB
faba-261	281	24	economic	economic	ADJ
faba-261	281	25	adjustments	adjustment	NOUN
faba-261	281	26	emphasizing	emphasize	VERB
faba-261	281	27	trade	trade	NOUN
faba-261	281	28	liberalisation	liberalisation	NOUN
faba-261	281	29	and	and	CCONJ
faba-261	281	30	interest	interest	NOUN
faba-261	281	31	rate	rate	NOUN
faba-261	281	32	deregulation	deregulation	NOUN
faba-261	281	33	.	.	PUNCT
faba-261	282	1	therefore	therefore	ADV
faba-261	282	2	,	,	PUNCT
faba-261	282	3	this	this	DET
faba-261	282	4	study	study	NOUN
faba-261	282	5	extended	extend	VERB
faba-261	282	6	the	the	DET
faba-261	282	7	investigation	investigation	NOUN
faba-261	282	8	of	of	ADP
faba-261	282	9	the	the	DET
faba-261	282	10	asymmetric	asymmetric	ADJ
faba-261	282	11	impact	impact	NOUN
faba-261	282	12	of	of	ADP
faba-261	282	13	lending	lend	VERB
faba-261	282	14	interest	interest	NOUN
faba-261	282	15	rates	rate	NOUN
faba-261	282	16	on	on	ADP
faba-261	282	17	economic	economic	ADJ
faba-261	282	18	growth	growth	NOUN
faba-261	282	19	in	in	ADP
faba-261	282	20	kenya	kenya	NOUN
faba-261	282	21	using	use	VERB
faba-261	282	22	a	a	DET
faba-261	282	23	nonlinear	nonlinear	ADJ
faba-261	282	24	ardl	ardl	NOUN
faba-261	282	25	model	model	NOUN
faba-261	282	26	and	and	CCONJ
faba-261	282	27	annual	annual	ADJ
faba-261	282	28	time	time	NOUN
faba-261	282	29	-	-	PUNCT
faba-261	282	30	series	series	NOUN
faba-261	282	31	data	datum	NOUN
faba-261	282	32	spanning	span	VERB
faba-261	282	33	the	the	DET
faba-261	282	34	years	year	NOUN
faba-261	282	35	1980	1980	NUM
faba-261	282	36	-	-	SYM
faba-261	282	37	2021	2021	NUM
faba-261	282	38	.	.	PUNCT
faba-261	283	1	unlike	unlike	ADP
faba-261	283	2	some	some	PRON
faba-261	283	3	of	of	ADP
faba-261	283	4	the	the	DET
faba-261	283	5	previous	previous	ADJ
faba-261	283	6	studies	study	NOUN
faba-261	283	7	,	,	PUNCT
faba-261	283	8	which	which	PRON
faba-261	283	9	used	use	VERB
faba-261	283	10	linear	linear	NOUN
faba-261	283	11	models	model	NOUN
faba-261	283	12	,	,	PUNCT
faba-261	283	13	this	this	DET
faba-261	283	14	research	research	NOUN
faba-261	283	15	employed	employ	VERB
faba-261	283	16	the	the	DET
faba-261	283	17	nardl	nardl	NOUN
faba-261	283	18	framework	framework	NOUN
faba-261	283	19	to	to	PART
faba-261	283	20	examine	examine	VERB
faba-261	283	21	the	the	DET
faba-261	283	22	shortand	shortand	NOUN
faba-261	283	23	long	long	ADV
faba-261	283	24	-	-	PUNCT
faba-261	283	25	run	run	VERB
faba-261	283	26	asymmetric	asymmetric	ADJ
faba-261	283	27	impact	impact	NOUN
faba-261	283	28	of	of	ADP
faba-261	283	29	lending	lend	VERB
faba-261	283	30	interest	interest	NOUN
faba-261	283	31	rates	rate	NOUN
faba-261	283	32	on	on	ADP
faba-261	283	33	economic	economic	ADJ
faba-261	283	34	growth	growth	NOUN
faba-261	283	35	in	in	ADP
faba-261	283	36	kenya	kenya	PROPN
faba-261	283	37	,	,	PUNCT
faba-261	283	38	providing	provide	VERB
faba-261	283	39	an	an	DET
faba-261	283	40	intricate	intricate	ADJ
faba-261	283	41	understanding	understanding	NOUN
faba-261	283	42	of	of	ADP
faba-261	283	43	the	the	DET
faba-261	283	44	interest	interest	NOUN
faba-261	283	45	rate	rate	NOUN
faba-261	283	46	-	-	PUNCT
faba-261	283	47	growth	growth	NOUN
faba-261	283	48	nexus	nexus	NOUN
faba-261	283	49	.	.	PUNCT
faba-261	284	1	the	the	DET
faba-261	284	2	findings	finding	NOUN
faba-261	284	3	underscore	underscore	VERB
faba-261	284	4	the	the	DET
faba-261	284	5	existence	existence	NOUN
faba-261	284	6	of	of	ADP
faba-261	284	7	an	an	DET
faba-261	284	8	asymmetric	asymmetric	ADJ
faba-261	284	9	long	long	ADJ
faba-261	284	10	-	-	PUNCT
faba-261	284	11	run	run	NOUN
faba-261	284	12	relationship	relationship	NOUN
faba-261	284	13	,	,	PUNCT
faba-261	284	14	as	as	SCONJ
faba-261	284	15	evidenced	evidence	VERB
faba-261	284	16	by	by	ADP
faba-261	284	17	cointegration	cointegration	NOUN
faba-261	284	18	and	and	CCONJ
faba-261	284	19	dynamic	dynamic	ADJ
faba-261	284	20	asymmetry	asymmetry	NOUN
faba-261	284	21	tests	test	NOUN
faba-261	284	22	.	.	PUNCT
faba-261	285	1	specifically	specifically	ADV
faba-261	285	2	,	,	PUNCT
faba-261	285	3	while	while	SCONJ
faba-261	285	4	positive	positive	ADJ
faba-261	285	5	shocks	shock	NOUN
faba-261	285	6	in	in	ADP
faba-261	285	7	lending	lend	VERB
faba-261	285	8	interest	interest	NOUN
faba-261	285	9	rates	rate	NOUN
faba-261	285	10	exhibit	exhibit	VERB
faba-261	285	11	no	no	DET
faba-261	285	12	significant	significant	ADJ
faba-261	285	13	impact	impact	NOUN
faba-261	285	14	on	on	ADP
faba-261	285	15	economic	economic	ADJ
faba-261	285	16	growth	growth	NOUN
faba-261	285	17	,	,	PUNCT
faba-261	285	18	negative	negative	ADJ
faba-261	285	19	interest	interest	NOUN
faba-261	285	20	rate	rate	NOUN
faba-261	285	21	changes	change	NOUN
faba-261	285	22	are	be	AUX
faba-261	285	23	shown	show	VERB
faba-261	285	24	to	to	PART
faba-261	285	25	spur	spur	VERB
faba-261	285	26	growth	growth	NOUN
faba-261	285	27	in	in	ADP
faba-261	285	28	the	the	DET
faba-261	285	29	short	short	ADJ
faba-261	285	30	run	run	NOUN
faba-261	285	31	but	but	CCONJ
faba-261	285	32	impede	impede	VERB
faba-261	285	33	it	it	PRON
faba-261	285	34	in	in	ADP
faba-261	285	35	the	the	DET
faba-261	285	36	long	long	ADJ
faba-261	285	37	run	run	NOUN
faba-261	285	38	.	.	PUNCT
faba-261	286	1	short	short	ADJ
faba-261	286	2	-	-	PUNCT
faba-261	286	3	run	run	NOUN
faba-261	286	4	benefits	benefit	NOUN
faba-261	286	5	of	of	ADP
faba-261	286	6	lower	low	ADJ
faba-261	286	7	interest	interest	NOUN
faba-261	286	8	rates	rate	NOUN
faba-261	286	9	stem	stem	VERB
faba-261	286	10	from	from	ADP
faba-261	286	11	increased	increase	VERB
faba-261	286	12	borrowing	borrowing	NOUN
faba-261	286	13	for	for	ADP
faba-261	286	14	productive	productive	ADJ
faba-261	286	15	investments	investment	NOUN
faba-261	286	16	,	,	PUNCT
faba-261	286	17	enhanced	enhance	VERB
faba-261	286	18	consumption	consumption	NOUN
faba-261	286	19	,	,	PUNCT
faba-261	286	20	and	and	CCONJ
faba-261	286	21	the	the	DET
faba-261	286	22	stimulation	stimulation	NOUN
faba-261	286	23	of	of	ADP
faba-261	286	24	export	export	NOUN
faba-261	286	25	-	-	PUNCT
faba-261	286	26	driven	drive	VERB
faba-261	286	27	industries	industry	NOUN
faba-261	286	28	such	such	ADJ
faba-261	286	29	as	as	ADP
faba-261	286	30	agriculture	agriculture	NOUN
faba-261	286	31	and	and	CCONJ
faba-261	286	32	manufacturing	manufacturing	NOUN
faba-261	286	33	,	,	PUNCT
faba-261	286	34	owing	owe	VERB
faba-261	286	35	to	to	ADP
faba-261	286	36	currency	currency	NOUN
faba-261	286	37	depreciation	depreciation	NOUN
faba-261	286	38	.	.	PUNCT
faba-261	287	1	conversely	conversely	ADV
faba-261	287	2	,	,	PUNCT
faba-261	287	3	prolonged	prolonged	ADJ
faba-261	287	4	interest	interest	NOUN
faba-261	287	5	rate	rate	NOUN
faba-261	287	6	reductions	reduction	NOUN
faba-261	287	7	may	may	AUX
faba-261	287	8	deter	deter	VERB
faba-261	287	9	savings	saving	NOUN
faba-261	287	10	and	and	CCONJ
faba-261	287	11	compromise	compromise	VERB
faba-261	287	12	long	long	ADJ
faba-261	287	13	-	-	PUNCT
faba-261	287	14	term	term	NOUN
faba-261	287	15	investment	investment	NOUN
faba-261	287	16	,	,	PUNCT
faba-261	287	17	posing	pose	VERB
faba-261	287	18	challenges	challenge	NOUN
faba-261	287	19	to	to	ADP
faba-261	287	20	sustained	sustain	VERB
faba-261	287	21	economic	economic	ADJ
faba-261	287	22	growth	growth	NOUN
faba-261	287	23	.	.	PUNCT
faba-261	288	1	investment	investment	NOUN
faba-261	288	2	,	,	PUNCT
faba-261	288	3	financial	financial	ADJ
faba-261	288	4	development	development	NOUN
faba-261	288	5	,	,	PUNCT
faba-261	288	6	trade	trade	NOUN
faba-261	288	7	openness	openness	NOUN
faba-261	288	8	,	,	PUNCT
faba-261	288	9	and	and	CCONJ
faba-261	288	10	exchange	exchange	NOUN
faba-261	288	11	rates	rate	NOUN
faba-261	288	12	were	be	AUX
faba-261	288	13	found	find	VERB
faba-261	288	14	to	to	PART
faba-261	288	15	play	play	VERB
faba-261	288	16	critical	critical	ADJ
faba-261	288	17	roles	role	NOUN
faba-261	288	18	in	in	ADP
faba-261	288	19	moderating	moderate	VERB
faba-261	288	20	the	the	DET
faba-261	288	21	growth	growth	NOUN
faba-261	288	22	trajectory	trajectory	NOUN
faba-261	288	23	,	,	PUNCT
faba-261	288	24	though	though	SCONJ
faba-261	288	25	their	their	PRON
faba-261	288	26	effects	effect	NOUN
faba-261	288	27	varied	varied	ADJ
faba-261	288	28	across	across	ADP
faba-261	288	29	time	time	NOUN
faba-261	288	30	horizons	horizon	NOUN
faba-261	288	31	.	.	PUNCT
faba-261	289	1	policy	policy	NOUN
faba-261	289	2	suggestions	suggestion	NOUN
faba-261	289	3	from	from	ADP
faba-261	289	4	this	this	DET
faba-261	289	5	paper	paper	NOUN
faba-261	289	6	are	be	AUX
faba-261	289	7	:	:	PUNCT
faba-261	289	8	(	(	PUNCT
faba-261	289	9	1	1	X
faba-261	289	10	)	)	PUNCT
faba-261	289	11	policymakers	policymaker	NOUN
faba-261	289	12	should	should	AUX
faba-261	289	13	carefully	carefully	ADV
faba-261	289	14	balance	balance	VERB
faba-261	289	15	short	short	ADJ
faba-261	289	16	-	-	PUNCT
faba-261	289	17	term	term	NOUN
faba-261	289	18	stimulus	stimulus	ADJ
faba-261	289	19	policies	policy	NOUN
faba-261	289	20	with	with	ADP
faba-261	289	21	long	long	ADJ
faba-261	289	22	-	-	PUNCT
faba-261	289	23	term	term	NOUN
faba-261	289	24	sustainability	sustainability	NOUN
faba-261	289	25	by	by	ADP
faba-261	289	26	avoiding	avoid	VERB
faba-261	289	27	extreme	extreme	ADJ
faba-261	289	28	interest	interest	NOUN
faba-261	289	29	rate	rate	NOUN
faba-261	289	30	fluctuations	fluctuation	NOUN
faba-261	289	31	.	.	PUNCT
faba-261	290	1	short	short	ADJ
faba-261	290	2	-	-	PUNCT
faba-261	290	3	term	term	NOUN
faba-261	290	4	measures	measure	NOUN
faba-261	290	5	should	should	AUX
faba-261	290	6	focus	focus	VERB
faba-261	290	7	on	on	ADP
faba-261	290	8	reducing	reduce	VERB
faba-261	290	9	lending	lending	NOUN
faba-261	290	10	rates	rate	NOUN
faba-261	290	11	during	during	ADP
faba-261	290	12	economic	economic	ADJ
faba-261	290	13	slowdowns	slowdown	NOUN
faba-261	290	14	to	to	PART
faba-261	290	15	encourage	encourage	VERB
faba-261	290	16	borrowing	borrowing	NOUN
faba-261	290	17	for	for	ADP
faba-261	290	18	investment	investment	NOUN
faba-261	290	19	,	,	PUNCT
faba-261	290	20	entrepreneurship	entrepreneurship	NOUN
faba-261	290	21	,	,	PUNCT
faba-261	290	22	and	and	CCONJ
faba-261	290	23	job	job	NOUN
faba-261	290	24	creation	creation	NOUN
faba-261	290	25	.	.	PUNCT
faba-261	291	1	(	(	PUNCT
faba-261	291	2	2	2	X
faba-261	291	3	)	)	PUNCT
faba-261	291	4	given	give	VERB
faba-261	291	5	that	that	DET
faba-261	291	6	investment	investment	NOUN
faba-261	291	7	positively	positively	ADV
faba-261	291	8	affects	affect	VERB
faba-261	291	9	economic	economic	ADJ
faba-261	291	10	growth	growth	NOUN
faba-261	291	11	in	in	ADP
faba-261	291	12	the	the	DET
faba-261	291	13	short	short	ADJ
faba-261	291	14	run	run	NOUN
faba-261	291	15	,	,	PUNCT
faba-261	291	16	particularly	particularly	ADV
faba-261	291	17	with	with	ADP
faba-261	291	18	a	a	DET
faba-261	291	19	lag	lag	NOUN
faba-261	291	20	,	,	PUNCT
faba-261	291	21	policymakers	policymaker	NOUN
faba-261	291	22	should	should	AUX
faba-261	291	23	implement	implement	VERB
faba-261	291	24	short	short	ADJ
faba-261	291	25	-	-	PUNCT
faba-261	291	26	term	term	NOUN
faba-261	291	27	measures	measure	NOUN
faba-261	291	28	to	to	PART
faba-261	291	29	stimulate	stimulate	VERB
faba-261	291	30	both	both	CCONJ
faba-261	291	31	private	private	ADJ
faba-261	291	32	and	and	CCONJ
faba-261	291	33	public	public	ADJ
faba-261	291	34	investments	investment	NOUN
faba-261	291	35	,	,	PUNCT
faba-261	291	36	such	such	ADJ
faba-261	291	37	as	as	ADP
faba-261	291	38	subsidies	subsidy	NOUN
faba-261	291	39	and	and	CCONJ
faba-261	291	40	credit	credit	NOUN
faba-261	291	41	facilities	facility	NOUN
faba-261	291	42	.	.	PUNCT
faba-261	292	1	since	since	SCONJ
faba-261	292	2	investment	investment	NOUN
faba-261	292	3	also	also	ADV
faba-261	292	4	contributes	contribute	VERB
faba-261	292	5	to	to	ADP
faba-261	292	6	long	long	ADJ
faba-261	292	7	-	-	PUNCT
faba-261	292	8	term	term	NOUN
faba-261	292	9	economic	economic	ADJ
faba-261	292	10	growth	growth	NOUN
faba-261	292	11	,	,	PUNCT
faba-261	292	12	authorities	authority	NOUN
faba-261	292	13	should	should	AUX
faba-261	292	14	establish	establish	VERB
faba-261	292	15	sustainable	sustainable	ADJ
faba-261	292	16	financing	financing	NOUN
faba-261	292	17	mechanisms	mechanism	NOUN
faba-261	292	18	,	,	PUNCT
faba-261	292	19	such	such	ADJ
faba-261	292	20	as	as	ADP
faba-261	292	21	public	public	ADJ
faba-261	292	22	-	-	PUNCT
faba-261	292	23	private	private	ADJ
faba-261	292	24	partnerships	partnership	NOUN
faba-261	292	25	for	for	ADP
faba-261	292	26	infrastructure	infrastructure	NOUN
faba-261	292	27	projects	project	NOUN
faba-261	292	28	.	.	PUNCT
faba-261	293	1	(	(	PUNCT
faba-261	293	2	3	3	X
faba-261	293	3	)	)	PUNCT
faba-261	293	4	as	as	ADP
faba-261	293	5	credit	credit	NOUN
faba-261	293	6	to	to	ADP
faba-261	293	7	the	the	DET
faba-261	293	8	private	private	ADJ
faba-261	293	9	sector	sector	NOUN
faba-261	293	10	has	have	VERB
faba-261	293	11	a	a	DET
faba-261	293	12	negative	negative	ADJ
faba-261	293	13	impact	impact	NOUN
faba-261	293	14	on	on	ADP
faba-261	293	15	economic	economic	ADJ
faba-261	293	16	growth	growth	NOUN
faba-261	293	17	in	in	ADP
faba-261	293	18	the	the	DET
faba-261	293	19	short	short	ADJ
faba-261	293	20	run	run	NOUN
faba-261	293	21	,	,	PUNCT
faba-261	293	22	financial	financial	ADJ
faba-261	293	23	regulators	regulator	NOUN
faba-261	293	24	should	should	AUX
faba-261	293	25	closely	closely	ADV
faba-261	293	26	monitor	monitor	VERB
faba-261	293	27	excessive	excessive	ADJ
faba-261	293	28	lending	lending	NOUN
faba-261	293	29	to	to	PART
faba-261	293	30	ensure	ensure	VERB
faba-261	293	31	that	that	SCONJ
faba-261	293	32	credit	credit	NOUN
faba-261	293	33	allocation	allocation	NOUN
faba-261	293	34	supports	support	VERB
faba-261	293	35	productive	productive	ADJ
faba-261	293	36	sectors	sector	NOUN
faba-261	293	37	rather	rather	ADV
faba-261	293	38	than	than	ADP
faba-261	293	39	speculative	speculative	ADJ
faba-261	293	40	activities	activity	NOUN
faba-261	293	41	.	.	PUNCT
faba-261	294	1	authorities	authority	NOUN
faba-261	294	2	should	should	AUX
faba-261	294	3	promote	promote	VERB
faba-261	294	4	responsible	responsible	ADJ
faba-261	294	5	lending	lending	NOUN
faba-261	294	6	through	through	ADP
faba-261	294	7	macro	macro	ADJ
faba-261	294	8	-	-	ADJ
faba-261	294	9	prudential	prudential	ADJ
faba-261	294	10	policies	policy	NOUN
faba-261	294	11	while	while	SCONJ
faba-261	294	12	also	also	ADV
faba-261	294	13	developing	develop	VERB
faba-261	294	14	robust	robust	ADJ
faba-261	294	15	credit	credit	NOUN
faba-261	294	16	risk	risk	NOUN
faba-261	294	17	management	management	NOUN
faba-261	294	18	frameworks	framework	NOUN
faba-261	294	19	and	and	CCONJ
faba-261	294	20	fostering	foster	VERB
faba-261	294	21	financial	financial	ADJ
faba-261	294	22	literacy	literacy	NOUN
faba-261	294	23	to	to	PART
faba-261	294	24	enhance	enhance	VERB
faba-261	294	25	the	the	DET
faba-261	294	26	positive	positive	ADJ
faba-261	294	27	long	long	ADJ
faba-261	294	28	-	-	PUNCT
faba-261	294	29	run	run	NOUN
faba-261	294	30	effects	effect	NOUN
faba-261	294	31	of	of	ADP
faba-261	294	32	financial	financial	ADJ
faba-261	294	33	intermediation	intermediation	NOUN
faba-261	294	34	.	.	PUNCT
faba-261	295	1	(	(	PUNCT
faba-261	295	2	4	4	NUM
faba-261	295	3	)	)	PUNCT
faba-261	295	4	since	since	SCONJ
faba-261	295	5	exchange	exchange	NOUN
faba-261	295	6	rate	rate	NOUN
faba-261	295	7	depreciation	depreciation	NOUN
faba-261	295	8	negatively	negatively	ADV
faba-261	295	9	affects	affect	VERB
faba-261	295	10	economic	economic	ADJ
faba-261	295	11	growth	growth	NOUN
faba-261	295	12	in	in	ADP
faba-261	295	13	both	both	CCONJ
faba-261	295	14	the	the	DET
faba-261	295	15	short	short	ADJ
faba-261	295	16	and	and	CCONJ
faba-261	295	17	long	long	ADJ
faba-261	295	18	run	run	NOUN
faba-261	295	19	,	,	PUNCT
faba-261	295	20	the	the	DET
faba-261	295	21	central	central	ADJ
faba-261	295	22	bank	bank	NOUN
faba-261	295	23	should	should	AUX
faba-261	295	24	continuously	continuously	ADV
faba-261	295	25	monitor	monitor	VERB
faba-261	295	26	exchange	exchange	NOUN
faba-261	295	27	rate	rate	NOUN
faba-261	295	28	fluctuations	fluctuation	NOUN
faba-261	295	29	and	and	CCONJ
faba-261	295	30	,	,	PUNCT
faba-261	295	31	when	when	SCONJ
faba-261	295	32	necessary	necessary	ADJ
faba-261	295	33	,	,	PUNCT
faba-261	295	34	implement	implement	VERB
faba-261	295	35	appropriate	appropriate	ADJ
faba-261	295	36	monetary	monetary	ADJ
faba-261	295	37	policies	policy	NOUN
faba-261	295	38	within	within	ADP
faba-261	295	39	the	the	DET
faba-261	295	40	bounds	bound	NOUN
faba-261	295	41	of	of	ADP
faba-261	295	42	its	its	PRON
faba-261	295	43	existing	exist	VERB
faba-261	295	44	free	free	ADV
faba-261	295	45	-	-	PUNCT
faba-261	295	46	floating	float	VERB
faba-261	295	47	exchange	exchange	NOUN
faba-261	295	48	rate	rate	NOUN
faba-261	295	49	system	system	NOUN
faba-261	295	50	to	to	PART
faba-261	295	51	smooth	smooth	VERB
faba-261	295	52	out	out	ADP
faba-261	295	53	extreme	extreme	ADJ
faba-261	295	54	and	and	CCONJ
faba-261	295	55	undesirable	undesirable	ADJ
faba-261	295	56	movements	movement	NOUN
faba-261	295	57	.	.	PUNCT
faba-261	296	1	(	(	PUNCT
faba-261	296	2	5	5	X
faba-261	296	3	)	)	PUNCT
faba-261	296	4	export	export	NOUN
faba-261	296	5	diversification	diversification	NOUN
faba-261	296	6	strategies	strategy	NOUN
faba-261	296	7	should	should	AUX
faba-261	296	8	be	be	AUX
faba-261	296	9	encouraged	encourage	VERB
faba-261	296	10	to	to	PART
faba-261	296	11	reduce	reduce	VERB
faba-261	296	12	vulnerability	vulnerability	NOUN
faba-261	296	13	to	to	ADP
faba-261	296	14	external	external	ADJ
faba-261	296	15	shocks	shock	NOUN
faba-261	296	16	and	and	CCONJ
faba-261	296	17	enhance	enhance	VERB
faba-261	296	18	economic	economic	ADJ
faba-261	296	19	resilience	resilience	NOUN
faba-261	296	20	.	.	PUNCT
faba-261	297	1	future	future	ADJ
faba-261	297	2	studies	study	NOUN
faba-261	297	3	on	on	ADP
faba-261	297	4	the	the	DET
faba-261	297	5	subject	subject	NOUN
faba-261	297	6	should	should	AUX
faba-261	297	7	extend	extend	VERB
faba-261	297	8	the	the	DET
faba-261	297	9	analysis	analysis	NOUN
faba-261	297	10	to	to	PART
faba-261	297	11	estimate	estimate	VERB
faba-261	297	12	the	the	DET
faba-261	297	13	threshold	threshold	NOUN
faba-261	297	14	point	point	NOUN
faba-261	297	15	of	of	ADP
faba-261	297	16	lending	lending	NOUN
faba-261	297	17	interest	interest	NOUN
faba-261	297	18	rates	rate	NOUN
faba-261	297	19	that	that	PRON
faba-261	297	20	would	would	AUX
faba-261	297	21	set	set	VERB
faba-261	297	22	the	the	DET
faba-261	297	23	country	country	NOUN
faba-261	297	24	on	on	ADP
faba-261	297	25	an	an	DET
faba-261	297	26	optimal	optimal	ADJ
faba-261	297	27	growth	growth	NOUN
faba-261	297	28	path	path	NOUN
faba-261	297	29	.	.	PUNCT
faba-261	298	1	additionally	additionally	ADV
faba-261	298	2	,	,	PUNCT
faba-261	298	3	the	the	DET
faba-261	298	4	scope	scope	NOUN
faba-261	298	5	of	of	ADP
faba-261	298	6	analysis	analysis	NOUN
faba-261	298	7	should	should	AUX
faba-261	298	8	be	be	AUX
faba-261	298	9	broadened	broaden	VERB
faba-261	298	10	to	to	PART
faba-261	298	11	include	include	VERB
faba-261	298	12	other	other	ADJ
faba-261	298	13	african	african	ADJ
faba-261	298	14	economies	economy	NOUN
faba-261	298	15	to	to	PART
faba-261	298	16	uncover	uncover	VERB
faba-261	298	17	regional	regional	ADJ
faba-261	298	18	trends	trend	NOUN
faba-261	298	19	and	and	CCONJ
faba-261	298	20	policy	policy	NOUN
faba-261	298	21	implications	implication	NOUN
faba-261	298	22	.	.	PUNCT
faba-261	299	1	-15	-15	PUNCT
faba-261	300	1	-10	-10	PUNCT
faba-261	301	1	-5	-5	PUNCT
faba-261	301	2	0	0	NUM
faba-261	302	1	5	5	NUM
faba-261	302	2	10	10	NUM
faba-261	302	3	15	15	NUM
faba-261	302	4	2004	2004	NUM
faba-261	302	5	2006	2006	NUM
faba-261	302	6	2008	2008	NUM
faba-261	302	7	2010	2010	NUM
faba-261	302	8	2012	2012	NUM
faba-261	302	9	2014	2014	NUM
faba-261	302	10	2016	2016	NUM
faba-261	302	11	2018	2018	NUM
faba-261	302	12	2020	2020	NUM
faba-261	302	13	cusum	cusum	VERB
faba-261	302	14	5	5	NUM
faba-261	302	15	%	%	NOUN
faba-261	302	16	significance	significance	NOUN
faba-261	302	17	-0.4	-0.4	ADP
faba-261	302	18	0.0	0.0	NUM
faba-261	302	19	0.4	0.4	NUM
faba-261	302	20	0.8	0.8	NUM
faba-261	302	21	1.2	1.2	NUM
faba-261	302	22	1.6	1.6	NUM
faba-261	302	23	2004	2004	NUM
faba-261	302	24	2006	2006	NUM
faba-261	302	25	2008	2008	NUM
faba-261	302	26	2010	2010	NUM
faba-261	302	27	2012	2012	NUM
faba-261	302	28	2014	2014	NUM
faba-261	302	29	2016	2016	NUM
faba-261	302	30	2018	2018	NUM
faba-261	302	31	2020	2020	NUM
faba-261	302	32	cusum	cusum	NOUN
faba-261	302	33	of	of	ADP
faba-261	302	34	squares	square	NOUN
faba-261	302	35	5	5	NUM
faba-261	302	36	%	%	NOUN
faba-261	302	37	significance	significance	NOUN
faba-261	302	38	t.	t.	PROPN
faba-261	302	39	saungweme	saungweme	PROPN
faba-261	302	40	,	,	PUNCT
faba-261	302	41	g.	g.	PROPN
faba-261	302	42	maluleke	maluleke	PROPN
faba-261	302	43	,	,	PUNCT
faba-261	302	44	n.	n.	PROPN
faba-261	302	45	odhiambo	odhiambo	X
faba-261	302	46	/	/	SYM
faba-261	302	47	finance	finance	NOUN
faba-261	302	48	,	,	PUNCT
faba-261	302	49	accounting	accounting	NOUN
faba-261	302	50	and	and	CCONJ
faba-261	302	51	business	business	NOUN
faba-261	302	52	analysis	analysis	NOUN
faba-261	302	53	,	,	PUNCT
faba-261	302	54	volume	volume	NOUN
faba-261	302	55	7	7	NUM
faba-261	302	56	,	,	PUNCT
faba-261	302	57	issue	issue	NOUN
faba-261	302	58	1	1	NUM
faba-261	302	59	,	,	PUNCT
faba-261	302	60	2025	2025	NUM
faba-261	302	61	80	80	NUM
faba-261	302	62	references	reference	NOUN
faba-261	302	63	akram	akram	NOUN
faba-261	302	64	,	,	PUNCT
faba-261	302	65	t.	t.	NOUN
faba-261	302	66	2021	2021	NUM
faba-261	302	67	.	.	PUNCT
faba-261	303	1	a	a	DET
faba-261	303	2	keynesian	keynesian	ADJ
faba-261	303	3	approach	approach	NOUN
faba-261	303	4	to	to	ADP
faba-261	303	5	modelling	model	VERB
faba-261	303	6	the	the	DET
faba-261	303	7	long	long	ADJ
faba-261	303	8	-	-	PUNCT
faba-261	303	9	term	term	NOUN
faba-261	303	10	interest	interest	NOUN
faba-261	303	11	rate	rate	NOUN
faba-261	303	12	.	.	PUNCT
faba-261	304	1	levy	levy	NOUN
faba-261	304	2	economics	economics	PROPN
faba-261	304	3	institute	institute	PROPN
faba-261	304	4	.	.	PUNCT
faba-261	305	1	working	working	NOUN
faba-261	305	2	paper	paper	PROPN
faba-261	305	3	no	no	INTJ
faba-261	305	4	.	.	PROPN
faba-261	306	1	988	988	NUM
faba-261	306	2	.	.	PUNCT
faba-261	307	1	awad	awad	PROPN
faba-261	307	2	,	,	PUNCT
faba-261	307	3	i.	i.	NOUN
faba-261	307	4	m.	m.	NOUN
faba-261	307	5	,	,	PUNCT
faba-261	307	6	and	and	CCONJ
faba-261	307	7	m.	m.	PROPN
faba-261	307	8	s.	s.	PROPN
faba-261	307	9	karaki	karaki	PROPN
faba-261	307	10	.	.	PUNCT
faba-261	308	1	2019	2019	NUM
faba-261	308	2	.	.	PUNCT
faba-261	309	1	the	the	DET
faba-261	309	2	impact	impact	NOUN
faba-261	309	3	of	of	ADP
faba-261	309	4	bank	bank	NOUN
faba-261	309	5	lending	lending	NOUN
faba-261	309	6	on	on	ADP
faba-261	309	7	palestine	palestine	PROPN
faba-261	309	8	economic	economic	ADJ
faba-261	309	9	growth	growth	NOUN
faba-261	309	10	:	:	PUNCT
faba-261	309	11	an	an	DET
faba-261	309	12	econometric	econometric	ADJ
faba-261	309	13	analysis	analysis	NOUN
faba-261	309	14	of	of	ADP
faba-261	309	15	time	time	NOUN
faba-261	309	16	series	series	PROPN
faba-261	309	17	data	data	PROPN
faba-261	309	18	.	.	PUNCT
faba-261	310	1	financial	financial	ADJ
faba-261	310	2	innovation	innovation	NOUN
faba-261	310	3	,	,	PUNCT
faba-261	310	4	5(14	5(14	NUM
faba-261	310	5	):	):	PUNCT
faba-261	310	6	1	1	NUM
faba-261	310	7	-	-	SYM
faba-261	310	8	21	21	NUM
faba-261	310	9	.	.	PUNCT
faba-261	311	1	https://doi.org/10.1186/s40854-019-0130-8	https://doi.org/10.1186/s40854-019-0130-8	NUM
faba-261	311	2	baliamoune	baliamoune	NOUN
faba-261	311	3	-	-	PUNCT
faba-261	311	4	lutz	lutz	NOUN
faba-261	311	5	,	,	PUNCT
faba-261	311	6	m.	m.	NOUN
faba-261	311	7	,	,	PUNCT
faba-261	311	8	and	and	CCONJ
faba-261	311	9	l.	l.	PROPN
faba-261	311	10	ndikumana	ndikumana	PROPN
faba-261	311	11	.	.	PUNCT
faba-261	312	1	2007	2007	NUM
faba-261	312	2	.	.	PUNCT
faba-261	313	1	the	the	DET
faba-261	313	2	growth	growth	NOUN
faba-261	313	3	effects	effect	NOUN
faba-261	313	4	of	of	ADP
faba-261	313	5	openness	openness	NOUN
faba-261	313	6	to	to	PART
faba-261	313	7	trade	trade	VERB
faba-261	313	8	and	and	CCONJ
faba-261	313	9	the	the	DET
faba-261	313	10	role	role	NOUN
faba-261	313	11	of	of	ADP
faba-261	313	12	institutions	institution	NOUN
faba-261	313	13	:	:	PUNCT
faba-261	313	14	new	new	ADJ
faba-261	313	15	evidence	evidence	NOUN
faba-261	313	16	from	from	ADP
faba-261	313	17	african	african	ADJ
faba-261	313	18	countries	country	NOUN
faba-261	313	19	.	.	PUNCT
faba-261	314	1	economics	economic	NOUN
faba-261	314	2	department	department	PROPN
faba-261	314	3	working	working	PROPN
faba-261	314	4	paper	paper	NOUN
faba-261	314	5	series	series	NOUN
faba-261	314	6	.	.	PUNCT
faba-261	315	1	38	38	NUM
faba-261	315	2	.	.	PUNCT
faba-261	316	1	https://doi.org/10.7275/1068933	https://doi.org/10.7275/1068933	PROPN
faba-261	316	2	baynham	baynham	PROPN
faba-261	316	3	,	,	PUNCT
faba-261	316	4	s.	s.	PROPN
faba-261	316	5	1989	1989	NUM
faba-261	316	6	.	.	PUNCT
faba-261	317	1	the	the	DET
faba-261	317	2	kenyan	kenyan	ADJ
faba-261	317	3	economy	economy	NOUN
faba-261	317	4	:	:	PUNCT
faba-261	317	5	an	an	DET
faba-261	317	6	overview	overview	NOUN
faba-261	317	7	.	.	PUNCT
faba-261	318	1	africa	africa	PROPN
faba-261	318	2	insight	insight	PROPN
faba-261	318	3	,	,	PUNCT
faba-261	318	4	19(4	19(4	PROPN
faba-261	318	5	)	)	PUNCT
faba-261	318	6	.	.	PUNCT
faba-261	319	1	https://journals.co.za/doi/pdf/10.10520/aja02562804_392	https://journals.co.za/doi/pdf/10.10520/aja02562804_392	PROPN
faba-261	319	2	central	central	ADJ
faba-261	319	3	bank	bank	PROPN
faba-261	319	4	of	of	ADP
faba-261	319	5	kenya	kenya	PROPN
faba-261	319	6	/	/	SYM
faba-261	319	7	cbk	cbk	PROPN
faba-261	319	8	.	.	PROPN
faba-261	320	1	2018	2018	NUM
faba-261	320	2	.	.	PUNCT
faba-261	321	1	central	central	ADJ
faba-261	321	2	bank	bank	PROPN
faba-261	321	3	of	of	ADP
faba-261	321	4	kenya	kenya	PROPN
faba-261	321	5	bank	bank	PROPN
faba-261	321	6	supervision	supervision	PROPN
faba-261	321	7	annual	annual	ADJ
faba-261	321	8	report	report	NOUN
faba-261	321	9	2018	2018	NUM
faba-261	321	10	.	.	PUNCT
faba-261	322	1	https://www.centralbank.go.ke/uploads/banking_sector_annual_reports/1174296311_2018%20	https://www.centralbank.go.ke/uploads/banking_sector_annual_reports/1174296311_2018%20	PROPN
faba-261	322	2	annual%20report.pdf	annual%20report.pdf	PROPN
faba-261	322	3	chatterjee	chatterjee	PROPN
faba-261	322	4	,	,	PUNCT
faba-261	322	5	m.	m.	NOUN
faba-261	322	6	,	,	PUNCT
faba-261	322	7	and	and	CCONJ
faba-261	322	8	i.	i.	PROPN
faba-261	322	9	naka	naka	PROPN
faba-261	322	10	.	.	PUNCT
faba-261	322	11	2022	2022	NUM
faba-261	322	12	.	.	PUNCT
faba-261	323	1	twenty	twenty	NUM
faba-261	323	2	years	year	NOUN
faba-261	323	3	of	of	ADP
faba-261	323	4	brics	bric	NOUN
faba-261	323	5	:	:	PUNCT
faba-261	323	6	political	political	ADJ
faba-261	323	7	and	and	CCONJ
faba-261	323	8	economic	economic	ADJ
faba-261	323	9	transformations	transformation	NOUN
faba-261	323	10	through	through	ADP
faba-261	323	11	the	the	DET
faba-261	323	12	lens	lens	NOUN
faba-261	323	13	of	of	ADP
faba-261	323	14	land	land	NOUN
faba-261	323	15	.	.	PUNCT
faba-261	324	1	oxford	oxford	PROPN
faba-261	324	2	development	development	PROPN
faba-261	324	3	studies	study	NOUN
faba-261	324	4	,	,	PUNCT
faba-261	324	5	50(1	50(1	NUM
faba-261	324	6	):	):	PUNCT
faba-261	324	7	2	2	NUM
faba-261	324	8	-	-	SYM
faba-261	324	9	13	13	NUM
faba-261	324	10	.	.	PUNCT
faba-261	325	1	https://doi.org/10.1080/13600818.2022.2033191	https://doi.org/10.1080/13600818.2022.2033191	PROPN
faba-261	325	2	chen	chen	PROPN
faba-261	325	3	,	,	PUNCT
faba-261	325	4	h.	h.	PROPN
faba-261	325	5	,	,	PUNCT
faba-261	325	6	d.	d.	PROPN
faba-261	325	7	o.	o.	PROPN
faba-261	325	8	hongo	hongo	PROPN
faba-261	325	9	,	,	PUNCT
faba-261	325	10	m.	m.	PROPN
faba-261	325	11	w.	w.	PROPN
faba-261	325	12	ssali	ssali	PROPN
faba-261	325	13	,	,	PUNCT
faba-261	325	14	m.	m.	NOUN
faba-261	325	15	s.	s.	PROPN
faba-261	325	16	nyaranga	nyaranga	PROPN
faba-261	325	17	,	,	PUNCT
faba-261	325	18	and	and	CCONJ
faba-261	325	19	c.	c.	PROPN
faba-261	325	20	w.	w.	PROPN
faba-261	325	21	nderitu	nderitu	PROPN
faba-261	325	22	2020	2020	NUM
faba-261	325	23	.	.	PUNCT
faba-261	326	1	the	the	DET
faba-261	326	2	asymmetric	asymmetric	ADJ
faba-261	326	3	influence	influence	NOUN
faba-261	326	4	of	of	ADP
faba-261	326	5	financial	financial	ADJ
faba-261	326	6	development	development	NOUN
faba-261	326	7	on	on	ADP
faba-261	326	8	economic	economic	ADJ
faba-261	326	9	growth	growth	NOUN
faba-261	326	10	in	in	ADP
faba-261	326	11	kenya	kenya	NOUN
faba-261	326	12	:	:	PUNCT
faba-261	326	13	evidence	evidence	NOUN
faba-261	326	14	from	from	ADP
faba-261	326	15	nardl	nardl	NOUN
faba-261	326	16	.	.	PUNCT
faba-261	327	1	sage	sage	NOUN
faba-261	327	2	open	open	ADJ
faba-261	327	3	,	,	PUNCT
faba-261	327	4	1	1	NUM
faba-261	327	5	-	-	SYM
faba-261	327	6	17	17	NUM
faba-261	327	7	.	.	PUNCT
faba-261	328	1	https://doi.org/10.1177/2158244019894071	https://doi.org/10.1177/2158244019894071	PROPN
faba-261	328	2	foldvary	foldvary	PROPN
faba-261	328	3	,	,	PUNCT
faba-261	328	4	f.	f.	PROPN
faba-261	328	5	e.	e.	PROPN
faba-261	328	6	2015	2015	NUM
faba-261	328	7	.	.	PUNCT
faba-261	329	1	the	the	DET
faba-261	329	2	austrian	austrian	ADJ
faba-261	329	3	theory	theory	NOUN
faba-261	329	4	of	of	ADP
faba-261	329	5	the	the	DET
faba-261	329	6	business	business	NOUN
faba-261	329	7	cycle	cycle	NOUN
faba-261	329	8	.	.	PUNCT
faba-261	330	1	the	the	DET
faba-261	330	2	american	american	PROPN
faba-261	330	3	journal	journal	PROPN
faba-261	330	4	of	of	ADP
faba-261	330	5	economics	economic	NOUN
faba-261	330	6	and	and	CCONJ
faba-261	330	7	sociology	sociology	NOUN
faba-261	330	8	,	,	PUNCT
faba-261	330	9	74(2	74(2	NUM
faba-261	330	10	):	):	PUNCT
faba-261	330	11	278	278	NUM
faba-261	330	12	-	-	SYM
faba-261	330	13	297	297	NUM
faba-261	330	14	.	.	PUNCT
faba-261	331	1	giri	giri	PROPN
faba-261	331	2	,	,	PUNCT
faba-261	331	3	a.	a.	PROPN
faba-261	331	4	k.	k.	PROPN
faba-261	331	5	,	,	PUNCT
faba-261	331	6	g.	g.	PROPN
faba-261	331	7	mohapatra	mohapatra	PROPN
faba-261	331	8	and	and	CCONJ
faba-261	331	9	b.	b.	PROPN
faba-261	331	10	debata	debata	NOUN
faba-261	331	11	.	.	PUNCT
faba-261	332	1	2023	2023	NUM
faba-261	332	2	.	.	PUNCT
faba-261	332	3	technological	technological	ADJ
faba-261	332	4	development	development	NOUN
faba-261	332	5	,	,	PUNCT
faba-261	332	6	financial	financial	ADJ
faba-261	332	7	development	development	NOUN
faba-261	332	8	,	,	PUNCT
faba-261	332	9	and	and	CCONJ
faba-261	332	10	economic	economic	ADJ
faba-261	332	11	growth	growth	NOUN
faba-261	332	12	in	in	ADP
faba-261	332	13	india	india	PROPN
faba-261	332	14	:	:	PUNCT
faba-261	332	15	is	be	AUX
faba-261	332	16	there	there	PRON
faba-261	332	17	a	a	DET
faba-261	332	18	non	non	ADJ
faba-261	332	19	-	-	ADJ
faba-261	332	20	linear	linear	ADJ
faba-261	332	21	and	and	CCONJ
faba-261	332	22	asymmetric	asymmetric	ADJ
faba-261	332	23	relationship	relationship	NOUN
faba-261	332	24	?	?	PUNCT
faba-261	333	1	journal	journal	NOUN
faba-261	333	2	of	of	ADP
faba-261	333	3	economic	economic	ADJ
faba-261	333	4	and	and	CCONJ
faba-261	333	5	administrative	administrative	ADJ
faba-261	333	6	sciences	science	NOUN
faba-261	333	7	,	,	PUNCT
faba-261	333	8	39(1	39(1	NUM
faba-261	333	9	):	):	PUNCT
faba-261	333	10	117	117	NUM
faba-261	333	11	-	-	SYM
faba-261	333	12	133	133	NUM
faba-261	333	13	.	.	PUNCT
faba-261	334	1	doi:10.1108	doi:10.1108	PROPN
faba-261	334	2	/	/	SYM
faba-261	334	3	jeas-03	jeas-03	PROPN
faba-261	334	4	-	-	PUNCT
faba-261	334	5	2021	2021	NUM
faba-261	334	6	-	-	PUNCT
faba-261	334	7	0060	0060	NUM
faba-261	334	8	holmes	holme	NOUN
faba-261	334	9	,	,	PUNCT
faba-261	334	10	m.	m.	NOUN
faba-261	334	11	j.	j.	PROPN
faba-261	334	12	,	,	PUNCT
faba-261	334	13	j.	j.	PROPN
faba-261	334	14	otero	otero	PROPN
faba-261	334	15	and	and	CCONJ
faba-261	334	16	t.	t.	PROPN
faba-261	334	17	panagiotidis	panagiotidi	NOUN
faba-261	334	18	.	.	PUNCT
faba-261	335	1	2011	2011	NUM
faba-261	335	2	.	.	PUNCT
faba-261	336	1	the	the	DET
faba-261	336	2	term	term	NOUN
faba-261	336	3	structure	structure	NOUN
faba-261	336	4	of	of	ADP
faba-261	336	5	interest	interest	NOUN
faba-261	336	6	rates	rate	NOUN
faba-261	336	7	,	,	PUNCT
faba-261	336	8	the	the	DET
faba-261	336	9	expectations	expectation	NOUN
faba-261	336	10	hypothesis	hypothesis	NOUN
faba-261	336	11	and	and	CCONJ
faba-261	336	12	international	international	ADJ
faba-261	336	13	financial	financial	ADJ
faba-261	336	14	integration	integration	NOUN
faba-261	336	15	:	:	PUNCT
faba-261	336	16	evidence	evidence	NOUN
faba-261	336	17	from	from	ADP
faba-261	336	18	asian	asian	ADJ
faba-261	336	19	economies	economy	NOUN
faba-261	336	20	.	.	PUNCT
faba-261	337	1	international	international	ADJ
faba-261	337	2	review	review	NOUN
faba-261	337	3	of	of	ADP
faba-261	337	4	economics	economic	NOUN
faba-261	337	5	and	and	CCONJ
faba-261	337	6	finance	finance	NOUN
faba-261	337	7	,	,	PUNCT
faba-261	337	8	20	20	NUM
faba-261	337	9	:	:	SYM
faba-261	337	10	679	679	NUM
faba-261	337	11	-	-	SYM
faba-261	337	12	689	689	NUM
faba-261	337	13	.	.	PUNCT
faba-261	338	1	doi	doi	NOUN
faba-261	338	2	:	:	PUNCT
faba-261	338	3	10.1016	10.1016	NUM
faba-261	338	4	/	/	SYM
faba-261	338	5	j.iref.2010.11.021	j.iref.2010.11.021	PROPN
faba-261	338	6	ibrahimov	ibrahimov	ADJ
faba-261	338	7	,	,	PUNCT
faba-261	338	8	z.	z.	PROPN
faba-261	338	9	,	,	PUNCT
faba-261	338	10	s.	s.	PROPN
faba-261	338	11	hajiyeva	hajiyeva	PROPN
faba-261	338	12	,	,	PUNCT
faba-261	338	13	i.	i.	PROPN
faba-261	338	14	seyfullayev	seyfullayev	PROPN
faba-261	338	15	,	,	PUNCT
faba-261	338	16	u.	u.	PROPN
faba-261	338	17	mehdiyev	mehdiyev	PROPN
faba-261	338	18	and	and	CCONJ
faba-261	338	19	z.	z.	PROPN
faba-261	338	20	aliyeva	aliyeva	PROPN
faba-261	338	21	.	.	PUNCT
faba-261	339	1	2023	2023	NUM
faba-261	339	2	.	.	PUNCT
faba-261	340	1	the	the	DET
faba-261	340	2	impact	impact	NOUN
faba-261	340	3	of	of	ADP
faba-261	340	4	infrastructure	infrastructure	NOUN
faba-261	340	5	investments	investment	NOUN
faba-261	340	6	on	on	ADP
faba-261	340	7	the	the	DET
faba-261	340	8	country	country	NOUN
faba-261	340	9	’s	’s	PART
faba-261	340	10	economic	economic	ADJ
faba-261	340	11	growth	growth	NOUN
faba-261	340	12	.	.	PUNCT
faba-261	341	1	problems	problem	NOUN
faba-261	341	2	and	and	CCONJ
faba-261	341	3	perspectives	perspective	NOUN
faba-261	341	4	in	in	ADP
faba-261	341	5	management	management	NOUN
faba-261	341	6	,	,	PUNCT
faba-261	341	7	21(2	21(2	NUM
faba-261	341	8	):	):	PUNCT
faba-261	341	9	415425	415425	NUM
faba-261	341	10	.	.	PUNCT
faba-261	342	1	doi:10.21511	doi:10.21511	NOUN
faba-261	342	2	/	/	SYM
faba-261	342	3	ppm.21(2).2023.39	ppm.21(2).2023.39	NOUN
faba-261	342	4	iddrisu	iddrisu	NOUN
faba-261	342	5	,	,	PUNCT
faba-261	342	6	a.	a.	NOUN
faba-261	342	7	a.	a.	NOUN
faba-261	342	8	,	,	PUNCT
faba-261	342	9	and	and	CCONJ
faba-261	342	10	i.	i.	PROPN
faba-261	342	11	alagidede	alagidede	PROPN
faba-261	342	12	.	.	PUNCT
faba-261	343	1	2020	2020	NUM
faba-261	343	2	.	.	PUNCT
faba-261	343	3	is	be	AUX
faba-261	343	4	the	the	DET
faba-261	343	5	interest	interest	NOUN
faba-261	343	6	rate	rate	NOUN
faba-261	343	7	setting	set	VERB
faba-261	343	8	behaviour	behaviour	NOUN
faba-261	343	9	of	of	ADP
faba-261	343	10	the	the	DET
faba-261	343	11	bank	bank	PROPN
faba-261	343	12	of	of	ADP
faba-261	343	13	ghana	ghana	PROPN
faba-261	343	14	constrained	constrain	VERB
faba-261	343	15	by	by	ADP
faba-261	343	16	high	high	ADJ
faba-261	343	17	debt	debt	NOUN
faba-261	343	18	levels	level	NOUN
faba-261	343	19	?	?	PUNCT
faba-261	344	1	african	african	ADJ
faba-261	344	2	development	development	PROPN
faba-261	344	3	review	review	PROPN
faba-261	344	4	,	,	PUNCT
faba-261	344	5	32(3	32(3	NUM
faba-261	344	6	):	):	PUNCT
faba-261	344	7	459	459	NUM
faba-261	344	8	-	-	SYM
faba-261	344	9	471	471	NUM
faba-261	344	10	.	.	PUNCT
faba-261	345	1	international	international	ADJ
faba-261	345	2	monetary	monetary	ADJ
faba-261	345	3	fund	fund	PROPN
faba-261	345	4	/	/	SYM
faba-261	345	5	imf	imf	PROPN
faba-261	345	6	.	.	PUNCT
faba-261	345	7	1985	1985	NUM
faba-261	345	8	.	.	PUNCT
faba-261	346	1	kenya	kenya	PROPN
faba-261	346	2	:	:	PUNCT
faba-261	346	3	the	the	DET
faba-261	346	4	general	general	ADJ
faba-261	346	5	setting	setting	NOUN
faba-261	346	6	:	:	PUNCT
faba-261	346	7	financial	financial	ADJ
faba-261	346	8	policy	policy	NOUN
faba-261	346	9	workshops	workshop	NOUN
faba-261	346	10	.	.	PUNCT
faba-261	347	1	international	international	ADJ
faba-261	347	2	monetary	monetary	ADJ
faba-261	347	3	fund	fund	NOUN
faba-261	347	4	,	,	PUNCT
faba-261	347	5	9	9	NUM
faba-261	347	6	-	-	SYM
faba-261	347	7	23	23	NUM
faba-261	347	8	.	.	PUNCT
faba-261	348	1	https://www.elibrary.imf.org/downloadpdf/book/9780939934379/ch02.pdf	https://www.elibrary.imf.org/downloadpdf/book/9780939934379/ch02.pdf	PROPN
faba-261	348	2	international	international	ADJ
faba-261	348	3	monetary	monetary	ADJ
faba-261	348	4	fund	fund	PROPN
faba-261	348	5	/	/	SYM
faba-261	348	6	imf	imf	PROPN
faba-261	348	7	.	.	PROPN
faba-261	348	8	1991a	1991a	NUM
faba-261	348	9	.	.	PUNCT
faba-261	349	1	23	23	NUM
faba-261	349	2	kenya	kenya	PROPN
faba-261	349	3	’s	’s	PART
faba-261	349	4	transition	transition	NOUN
faba-261	349	5	from	from	ADP
faba-261	349	6	direct	direct	ADJ
faba-261	349	7	to	to	ADP
faba-261	349	8	indirect	indirect	ADJ
faba-261	349	9	instruments	instrument	NOUN
faba-261	349	10	of	of	ADP
faba-261	349	11	monetary	monetary	ADJ
faba-261	349	12	policy	policy	NOUN
faba-261	349	13	,	,	PUNCT
faba-261	349	14	in	in	ADV
faba-261	349	15	,	,	PUNCT
faba-261	349	16	the	the	DET
faba-261	349	17	evolving	evolve	VERB
faba-261	349	18	role	role	NOUN
faba-261	349	19	of	of	ADP
faba-261	349	20	central	central	ADJ
faba-261	349	21	banks	bank	NOUN
faba-261	349	22	,	,	PUNCT
faba-261	349	23	eds	ed	NOUN
faba-261	349	24	,	,	PUNCT
faba-261	349	25	downes	downe	NOUN
faba-261	349	26	,	,	PUNCT
faba-261	349	27	p.	p.	NOUN
faba-261	349	28	,	,	PUNCT
faba-261	349	29	and	and	CCONJ
faba-261	349	30	vaez	vaez	NOUN
faba-261	349	31	-	-	PUNCT
faba-261	349	32	zadeh	zadeh	PROPN
faba-261	349	33	,	,	PUNCT
faba-261	349	34	r.	r.	PROPN
faba-261	349	35	https://doi.org/10.5089/9781557751850.071	https://doi.org/10.5089/9781557751850.071	PROPN
faba-261	349	36	international	international	ADJ
faba-261	349	37	monetary	monetary	ADJ
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faba-261	349	43	.	.	PUNCT
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faba-261	350	4	policy	policy	NOUN
faba-261	350	5	,	,	PUNCT
faba-261	350	6	in	in	ADP
faba-261	350	7	,	,	PUNCT
faba-261	350	8	determinants	determinant	NOUN
faba-261	350	9	and	and	CCONJ
faba-261	350	10	systemic	systemic	ADJ
faba-261	350	11	consequences	consequence	NOUN
faba-261	350	12	of	of	ADP
faba-261	350	13	international	international	ADJ
faba-261	350	14	capital	capital	NOUN
faba-261	350	15	flows	flow	NOUN
faba-261	350	16	.	.	PUNCT
faba-261	351	1	imf	imf	PROPN
faba-261	351	2	.	.	PROPN
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faba-261	351	4	,	,	PUNCT
faba-261	351	5	dc	dc	PROPN
faba-261	351	6	.	.	PUNCT
faba-261	351	7	international	international	ADJ
faba-261	351	8	monetary	monetary	ADJ
faba-261	351	9	fund	fund	PROPN
faba-261	351	10	/	/	SYM
faba-261	351	11	imf	imf	PROPN
faba-261	351	12	.	.	PROPN
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faba-261	351	14	.	.	PUNCT
faba-261	352	1	do	do	VERB
faba-261	352	2	interest	interest	NOUN
faba-261	352	3	rate	rate	NOUN
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faba-261	352	5	work	work	VERB
faba-261	352	6	?	?	PUNCT
faba-261	353	1	evidence	evidence	NOUN
faba-261	353	2	from	from	ADP
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faba-261	353	4	.	.	PUNCT
faba-261	354	1	imf	imf	PROPN
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faba-261	354	4	.	.	PUNCT
faba-261	355	1	wp/19/119	wp/19/119	PROPN
faba-261	355	2	.	.	PUNCT
faba-261	355	3	international	international	ADJ
faba-261	355	4	monetary	monetary	ADJ
faba-261	355	5	fund	fund	PROPN
faba-261	355	6	/	/	SYM
faba-261	355	7	imf	imf	PROPN
faba-261	355	8	.	.	PROPN
faba-261	355	9	2021	2021	NUM
faba-261	355	10	.	.	PUNCT
faba-261	356	1	kenya	kenya	PROPN
faba-261	356	2	2021	2021	NUM
faba-261	356	3	article	article	NOUN
faba-261	356	4	iv	iv	NUM
faba-261	356	5	consultation	consultation	NOUN
faba-261	356	6	;	;	PUNCT
faba-261	356	7	second	second	ADJ
faba-261	356	8	reviews	review	NOUN
faba-261	356	9	under	under	ADP
faba-261	356	10	the	the	DET
faba-261	356	11	extended	extended	ADJ
faba-261	356	12	arrangement	arrangement	NOUN
faba-261	356	13	under	under	ADP
faba-261	356	14	the	the	DET
faba-261	356	15	extended	extend	VERB
faba-261	356	16	fund	fund	NOUN
faba-261	356	17	facility	facility	NOUN
faba-261	356	18	and	and	CCONJ
faba-261	356	19	under	under	ADP
faba-261	356	20	the	the	DET
faba-261	356	21	arrangement	arrangement	NOUN
faba-261	356	22	under	under	ADP
faba-261	356	23	the	the	DET
faba-261	356	24	extended	extended	ADJ
faba-261	356	25	credit	credit	NOUN
faba-261	356	26	facility	facility	NOUN
faba-261	356	27	.	.	PUNCT
faba-261	357	1	imf	imf	PROPN
faba-261	357	2	country	country	PROPN
faba-261	357	3	report	report	VERB
faba-261	357	4	no	no	INTJ
faba-261	357	5	.	.	PUNCT
faba-261	358	1	21/275	21/275	NUM
faba-261	358	2	.	.	PUNCT
faba-261	359	1	international	international	ADJ
faba-261	359	2	monetary	monetary	ADJ
faba-261	359	3	fund	fund	PROPN
faba-261	359	4	/	/	SYM
faba-261	359	5	imf	imf	PROPN
faba-261	359	6	.	.	PUNCT
faba-261	359	7	2022	2022	NUM
faba-261	359	8	.	.	PUNCT
faba-261	360	1	fourth	fourth	ADJ
faba-261	360	2	reviews	review	NOUN
faba-261	360	3	under	under	ADP
faba-261	360	4	the	the	DET
faba-261	360	5	extended	extend	VERB
faba-261	360	6	arrangement	arrangement	NOUN
faba-261	360	7	under	under	ADP
faba-261	360	8	the	the	DET
faba-261	360	9	extended	extend	VERB
faba-261	360	10	fund	fund	NOUN
faba-261	360	11	facility	facility	NOUN
faba-261	360	12	and	and	CCONJ
faba-261	360	13	under	under	ADP
faba-261	360	14	the	the	DET
faba-261	360	15	arrangement	arrangement	NOUN
faba-261	360	16	under	under	ADP
faba-261	360	17	the	the	DET
faba-261	360	18	extended	extended	ADJ
faba-261	360	19	credit	credit	NOUN
faba-261	360	20	facility	facility	NOUN
faba-261	360	21	.	.	PUNCT
faba-261	361	1	imf	imf	PROPN
faba-261	361	2	country	country	PROPN
faba-261	361	3	report	report	VERB
faba-261	361	4	no	no	INTJ
faba-261	361	5	.	.	PUNCT
faba-261	362	1	22/382	22/382	NUM
faba-261	362	2	.	.	PUNCT
faba-261	363	1	international	international	ADJ
faba-261	363	2	monetary	monetary	ADJ
faba-261	363	3	fund	fund	PROPN
faba-261	363	4	/	/	SYM
faba-261	363	5	imf	imf	PROPN
faba-261	363	6	.	.	PUNCT
faba-261	363	7	2024	2024	NUM
faba-261	363	8	.	.	PUNCT
faba-261	364	1	kenya	kenya	NOUN
faba-261	364	2	2023	2023	NUM
faba-261	364	3	article	article	NOUN
faba-261	364	4	iv	iv	NUM
faba-261	364	5	consultation	consultation	NOUN
faba-261	364	6	,	,	PUNCT
faba-261	364	7	sixth	sixth	ADJ
faba-261	364	8	reviews	review	NOUN
faba-261	364	9	under	under	ADP
faba-261	364	10	the	the	DET
faba-261	364	11	extended	extended	ADJ
faba-261	364	12	fund	fund	NOUN
faba-261	364	13	facility	facility	NOUN
faba-261	364	14	and	and	CCONJ
faba-261	364	15	extended	extended	ADJ
faba-261	364	16	credit	credit	NOUN
faba-261	364	17	facility	facility	NOUN
faba-261	364	18	arrangements	arrangement	NOUN
faba-261	364	19	.	.	PUNCT
faba-261	365	1	imf	imf	PROPN
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faba-261	365	3	report	report	VERB
faba-261	365	4	no	no	INTJ
faba-261	365	5	.	.	PUNCT
faba-261	366	1	24/13	24/13	NUM
faba-261	366	2	.	.	PUNCT
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faba-261	367	5	,	,	PUNCT
faba-261	367	6	and	and	CCONJ
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faba-261	367	8	.	.	PROPN
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faba-261	367	10	.	.	PUNCT
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faba-261	368	2	.	.	PUNCT
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faba-261	368	4	lower	low	ADJ
faba-261	368	5	interest	interest	NOUN
faba-261	368	6	rates	rate	NOUN
faba-261	368	7	really	really	ADV
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faba-261	368	12	?	?	PUNCT
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faba-261	369	5	the	the	DET
faba-261	369	6	interest	interest	NOUN
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faba-261	370	11	-	-	SYM
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faba-261	370	13	.	.	PUNCT
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faba-261	375	6	.	.	PUNCT
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faba-261	384	6	and	and	CCONJ
faba-261	384	7	j.	j.	PROPN
faba-261	384	8	dempere	dempere	PROPN
faba-261	384	9	.	.	PUNCT
faba-261	385	1	2022	2022	NUM
faba-261	385	2	.	.	PUNCT
faba-261	386	1	monetary	monetary	ADJ
faba-261	386	2	policies	policy	NOUN
faba-261	386	3	and	and	CCONJ
faba-261	386	4	bank	bank	NOUN
faba-261	386	5	lending	lending	NOUN
faba-261	386	6	in	in	ADP
faba-261	386	7	developing	develop	VERB
faba-261	386	8	countries	country	NOUN
faba-261	386	9	:	:	PUNCT
faba-261	386	10	evidence	evidence	NOUN
faba-261	386	11	from	from	ADP
faba-261	386	12	sub	sub	ADJ
faba-261	386	13	-	-	ADJ
faba-261	386	14	sahara	sahara	ADJ
faba-261	386	15	africa	africa	PROPN
faba-261	386	16	.	.	PUNCT
faba-261	387	1	journal	journal	PROPN
faba-261	387	2	of	of	ADP
faba-261	387	3	economics	economic	NOUN
faba-261	387	4	and	and	CCONJ
faba-261	387	5	development	development	NOUN
faba-261	387	6	,	,	PUNCT
faba-261	387	7	24(3	24(3	NUM
faba-261	387	8	):	):	PUNCT
faba-261	387	9	217229	217229	NUM
faba-261	387	10	.	.	PUNCT
faba-261	388	1	https://doi.org/10.1108/jed-09-2021-0144	https://doi.org/10.1108/jed-09-2021-0144	X
faba-261	388	2	.	.	PUNCT
faba-261	388	3	mohlo	mohlo	PROPN
faba-261	388	4	,	,	PUNCT
faba-261	388	5	l.e	l.e	PROPN
faba-261	388	6	.	.	PROPN
faba-261	388	7	1986	1986	NUM
faba-261	388	8	.	.	PUNCT
faba-261	389	1	interest	interest	NOUN
faba-261	389	2	rates	rate	NOUN
faba-261	389	3	,	,	PUNCT
faba-261	389	4	saving	saving	NOUN
faba-261	389	5	,	,	PUNCT
faba-261	389	6	and	and	CCONJ
faba-261	389	7	investment	investment	NOUN
faba-261	389	8	in	in	ADP
faba-261	389	9	developing	develop	VERB
faba-261	389	10	countries	country	NOUN
faba-261	389	11	:	:	PUNCT
faba-261	389	12	a	a	DET
faba-261	389	13	re	re	NOUN
faba-261	389	14	-	-	NOUN
faba-261	389	15	examination	examination	NOUN
faba-261	389	16	of	of	ADP
faba-261	389	17	the	the	DET
faba-261	389	18	mckinnon	mckinnon	PROPN
faba-261	389	19	-	-	PUNCT
faba-261	389	20	shaw	shaw	PROPN
faba-261	389	21	hypotheses	hypothesis	NOUN
faba-261	389	22	.	.	PUNCT
faba-261	390	1	international	international	ADJ
faba-261	390	2	monetary	monetary	ADJ
faba-261	390	3	fund	fund	NOUN
faba-261	390	4	.	.	PUNCT
faba-261	391	1	https://doi.org/10.5089/9781451956726.024	https://doi.org/10.5089/9781451956726.024	X
faba-261	391	2	nguyen	nguyen	NOUN
faba-261	391	3	,	,	PUNCT
faba-261	391	4	q.	q.	PROPN
faba-261	391	5	k.	k.	PROPN
faba-261	391	6	2023	2023	NUM
faba-261	391	7	.	.	PUNCT
faba-261	392	1	macroeconomic	macroeconomic	ADJ
faba-261	392	2	determinants	determinant	NOUN
faba-261	392	3	of	of	ADP
faba-261	392	4	economic	economic	ADJ
faba-261	392	5	growth	growth	NOUN
faba-261	392	6	in	in	ADP
faba-261	392	7	lowand	lowand	ADJ
faba-261	392	8	mid	mid	ADJ
faba-261	392	9	-	-	ADJ
faba-261	392	10	income	income	NOUN
faba-261	392	11	countries	country	NOUN
faba-261	392	12	:	:	PUNCT
faba-261	392	13	new	new	ADJ
faba-261	392	14	evidence	evidence	NOUN
faba-261	392	15	using	use	VERB
faba-261	392	16	a	a	DET
faba-261	392	17	non	non	ADJ
faba-261	392	18	-	-	ADJ
faba-261	392	19	parametric	parametric	ADJ
faba-261	392	20	approach	approach	NOUN
faba-261	392	21	.	.	PUNCT
faba-261	393	1	applied	apply	VERB
faba-261	393	2	economics	economic	NOUN
faba-261	393	3	letters	letter	NOUN
faba-261	393	4	,	,	PUNCT
faba-261	393	5	1	1	NUM
faba-261	393	6	-	-	SYM
faba-261	393	7	7	7	NUM
faba-261	393	8	.	.	PUNCT
faba-261	394	1	https://doi.org/10.1080/13504851.2023.2283774	https://doi.org/10.1080/13504851.2023.2283774	PROPN
faba-261	394	2	nyasha	nyasha	PROPN
faba-261	394	3	,	,	PUNCT
faba-261	394	4	s.	s.	PROPN
faba-261	394	5	,	,	PUNCT
faba-261	394	6	n.	n.	PROPN
faba-261	394	7	m.	m.	PROPN
faba-261	394	8	odhiambo	odhiambo	PROPN
faba-261	394	9	and	and	CCONJ
faba-261	394	10	s.	s.	PROPN
faba-261	394	11	a.	a.	PROPN
faba-261	394	12	asongu	asongu	PROPN
faba-261	394	13	.	.	PUNCT
faba-261	395	1	2021	2021	NUM
faba-261	395	2	.	.	PUNCT
faba-261	396	1	the	the	DET
faba-261	396	2	impact	impact	NOUN
faba-261	396	3	of	of	ADP
faba-261	396	4	tourism	tourism	NOUN
faba-261	396	5	development	development	NOUN
faba-261	396	6	on	on	ADP
faba-261	396	7	economic	economic	ADJ
faba-261	396	8	growth	growth	NOUN
faba-261	396	9	in	in	ADP
faba-261	396	10	sub	sub	ADJ
faba-261	396	11	-	-	ADJ
faba-261	396	12	saharan	saharan	ADJ
faba-261	396	13	africa	africa	PROPN
faba-261	396	14	.	.	PUNCT
faba-261	397	1	the	the	DET
faba-261	397	2	european	european	PROPN
faba-261	397	3	journal	journal	PROPN
faba-261	397	4	of	of	ADP
faba-261	397	5	development	development	PROPN
faba-261	397	6	research	research	PROPN
faba-261	397	7	,	,	PUNCT
faba-261	397	8	33(6	33(6	NUM
faba-261	397	9	):	):	PUNCT
faba-261	397	10	1514	1514	NUM
faba-261	397	11	-	-	SYM
faba-261	397	12	1535	1535	NUM
faba-261	397	13	.	.	PUNCT
faba-261	398	1	o’brien	o’brien	PROPN
faba-261	398	2	,	,	PUNCT
faba-261	398	3	f.	f.	PROPN
faba-261	398	4	s.	s.	PROPN
faba-261	398	5	,	,	PUNCT
faba-261	398	6	and	and	CCONJ
faba-261	398	7	t.	t.	PROPN
faba-261	398	8	c.	c.	PROPN
faba-261	398	9	i.	i.	PROPN
faba-261	398	10	ryan	ryan	PROPN
faba-261	398	11	.	.	PUNCT
faba-261	399	1	1999	1999	NUM
faba-261	399	2	.	.	PUNCT
faba-261	400	1	aid	aid	NOUN
faba-261	400	2	and	and	CCONJ
faba-261	400	3	reform	reform	NOUN
faba-261	400	4	in	in	ADP
faba-261	400	5	africa	africa	PROPN
faba-261	400	6	:	:	PUNCT
faba-261	400	7	kenya	kenya	PROPN
faba-261	400	8	case	case	NOUN
faba-261	400	9	study	study	NOUN
faba-261	400	10	.	.	PUNCT
faba-261	401	1	world	world	PROPN
faba-261	401	2	bank	bank	PROPN
faba-261	401	3	.	.	PUNCT
faba-261	402	1	https://policycommons.net/artifacts/1515025/aid-and-reform-in-africa/2189840/	https://policycommons.net/artifacts/1515025/aid-and-reform-in-africa/2189840/	PROPN
faba-261	402	2	odhiambo	odhiambo	PROPN
faba-261	402	3	,	,	PUNCT
faba-261	402	4	n.	n.	NOUN
faba-261	402	5	m.	m.	NOUN
faba-261	402	6	,	,	PUNCT
faba-261	402	7	and	and	CCONJ
faba-261	402	8	t.	t.	PROPN
faba-261	402	9	saungweme	saungweme	PROPN
faba-261	402	10	.	.	PUNCT
faba-261	402	11	2023a	2023a	NUM
faba-261	402	12	.	.	PUNCT
faba-261	403	1	financial	financial	ADJ
faba-261	403	2	development	development	NOUN
faba-261	403	3	and	and	CCONJ
faba-261	403	4	economic	economic	ADJ
faba-261	403	5	growth	growth	NOUN
faba-261	403	6	in	in	ADP
faba-261	403	7	africa	africa	PROPN
faba-261	403	8	,	,	PUNCT
faba-261	403	9	in	in	ADP
faba-261	403	10	,	,	PUNCT
faba-261	403	11	finance	finance	NOUN
faba-261	403	12	for	for	ADP
faba-261	403	13	sustainable	sustainable	ADJ
faba-261	403	14	development	development	NOUN
faba-261	403	15	in	in	ADP
faba-261	403	16	africa	africa	PROPN
faba-261	403	17	.	.	PUNCT
faba-261	404	1	routledge	routledge	PROPN
faba-261	404	2	:	:	PUNCT
faba-261	404	3	taylor	taylor	PROPN
faba-261	404	4	&	&	CCONJ
faba-261	404	5	francis	francis	PROPN
faba-261	404	6	group	group	PROPN
faba-261	404	7	publishers	publisher	NOUN
faba-261	404	8	.	.	PUNCT
faba-261	405	1	odhiambo	odhiambo	PROPN
faba-261	405	2	,	,	PUNCT
faba-261	405	3	n.	n.	NOUN
faba-261	405	4	m.	m.	NOUN
faba-261	405	5	and	and	CCONJ
faba-261	405	6	t.	t.	PROPN
faba-261	405	7	saungweme	saungweme	PROPN
faba-261	405	8	.	.	PUNCT
faba-261	405	9	2023b	2023b	NUM
faba-261	405	10	.	.	PUNCT
faba-261	406	1	public	public	ADJ
faba-261	406	2	investment	investment	NOUN
faba-261	406	3	and	and	CCONJ
faba-261	406	4	economic	economic	ADJ
faba-261	406	5	growth	growth	NOUN
faba-261	406	6	in	in	ADP
faba-261	406	7	kenya	kenya	PROPN
faba-261	406	8	,	,	PUNCT
faba-261	406	9	economics	economic	NOUN
faba-261	406	10	,	,	PUNCT
faba-261	406	11	management	management	NOUN
faba-261	406	12	,	,	PUNCT
faba-261	406	13	and	and	CCONJ
faba-261	406	14	financial	financial	ADJ
faba-261	406	15	markets	market	NOUN
faba-261	406	16	,	,	PUNCT
faba-261	406	17	18(2	18(2	NUM
faba-261	406	18	):	):	PUNCT
faba-261	406	19	54	54	NUM
faba-261	406	20	-	-	SYM
faba-261	406	21	76	76	NUM
faba-261	406	22	.	.	PUNCT
faba-261	407	1	olasehinde	olasehinde	PROPN
faba-261	407	2	-	-	PUNCT
faba-261	407	3	williams	williams	PROPN
faba-261	407	4	,	,	PUNCT
faba-261	407	5	g.	g.	PROPN
faba-261	407	6	,	,	PUNCT
faba-261	407	7	r.	r.	PROPN
faba-261	407	8	omotosho	omotosho	PROPN
faba-261	407	9	and	and	CCONJ
faba-261	407	10	f.	f.	PROPN
faba-261	407	11	v.	v.	PROPN
faba-261	407	12	bekun	bekun	PROPN
faba-261	407	13	.	.	PUNCT
faba-261	408	1	2024	2024	NUM
faba-261	408	2	.	.	PUNCT
faba-261	408	3	interest	interest	NOUN
faba-261	408	4	rate	rate	NOUN
faba-261	408	5	volatility	volatility	NOUN
faba-261	408	6	and	and	CCONJ
faba-261	408	7	economic	economic	ADJ
faba-261	408	8	growth	growth	NOUN
faba-261	408	9	in	in	ADP
faba-261	408	10	nigeria	nigeria	PROPN
faba-261	408	11	:	:	PUNCT
faba-261	408	12	new	new	ADJ
faba-261	408	13	insight	insight	NOUN
faba-261	408	14	from	from	ADP
faba-261	408	15	the	the	DET
faba-261	408	16	quantile	quantile	ADJ
faba-261	408	17	autoregressive	autoregressive	ADJ
faba-261	408	18	distributed	distribute	VERB
faba-261	408	19	lag	lag	NOUN
faba-261	408	20	(	(	PUNCT
faba-261	408	21	qardl	qardl	NOUN
faba-261	408	22	)	)	PUNCT
faba-261	408	23	model	model	NOUN
faba-261	408	24	.	.	PUNCT
faba-261	409	1	journal	journal	PROPN
faba-261	409	2	of	of	ADP
faba-261	409	3	the	the	DET
faba-261	409	4	knowledge	knowledge	NOUN
faba-261	409	5	economy	economy	NOUN
faba-261	409	6	.	.	PUNCT
faba-261	410	1	https://doi.org/10.1007/s13132-024-01924-x	https://doi.org/10.1007/s13132-024-01924-x	PROPN
faba-261	410	2	owusu	owusu	PROPN
faba-261	410	3	,	,	PUNCT
faba-261	410	4	e.	e.	PROPN
faba-261	410	5	l.	l.	PROPN
faba-261	410	6	2023	2023	NUM
faba-261	410	7	.	.	PUNCT
faba-261	411	1	interest	interest	NOUN
faba-261	411	2	rate	rate	NOUN
faba-261	411	3	reforms	reform	NOUN
faba-261	411	4	in	in	ADP
faba-261	411	5	african	african	ADJ
faba-261	411	6	countries	country	NOUN
faba-261	411	7	,	,	PUNCT
faba-261	411	8	in	in	ADP
faba-261	411	9	,	,	PUNCT
faba-261	411	10	finance	finance	NOUN
faba-261	411	11	for	for	ADP
faba-261	411	12	sustainable	sustainable	ADJ
faba-261	411	13	development	development	NOUN
faba-261	411	14	in	in	ADP
faba-261	411	15	africa	africa	PROPN
faba-261	411	16	.	.	PUNCT
faba-261	412	1	routledge	routledge	PROPN
faba-261	412	2	:	:	PUNCT
faba-261	412	3	taylor	taylor	PROPN
faba-261	412	4	&	&	CCONJ
faba-261	412	5	francis	francis	PROPN
faba-261	412	6	group	group	PROPN
faba-261	412	7	publishers	publisher	NOUN
faba-261	412	8	.	.	PUNCT
faba-261	413	1	pesaran	pesaran	VERB
faba-261	413	2	,	,	PUNCT
faba-261	413	3	m.	m.	NOUN
faba-261	413	4	,	,	PUNCT
faba-261	413	5	h.	h.	PROPN
faba-261	413	6	y.	y.	PROPN
faba-261	413	7	shin	shin	PROPN
faba-261	413	8	,	,	PUNCT
faba-261	413	9	and	and	CCONJ
faba-261	413	10	r.	r.	PROPN
faba-261	413	11	j.	j.	PROPN
faba-261	413	12	smith	smith	PROPN
faba-261	413	13	.	.	PROPN
faba-261	414	1	2001	2001	NUM
faba-261	414	2	.	.	PUNCT
faba-261	415	1	bounds	bound	VERB
faba-261	415	2	testing	test	VERB
faba-261	415	3	approaches	approach	NOUN
faba-261	415	4	to	to	ADP
faba-261	415	5	the	the	DET
faba-261	415	6	analysis	analysis	NOUN
faba-261	415	7	of	of	ADP
faba-261	415	8	level	level	NOUN
faba-261	415	9	relationships	relationship	NOUN
faba-261	415	10	.	.	PUNCT
faba-261	416	1	journal	journal	NOUN
faba-261	416	2	of	of	ADP
faba-261	416	3	applied	applied	ADJ
faba-261	416	4	econometrics	econometric	NOUN
faba-261	416	5	,	,	PUNCT
faba-261	416	6	16	16	NUM
faba-261	416	7	:	:	SYM
faba-261	416	8	289	289	NUM
faba-261	416	9	-	-	SYM
faba-261	416	10	326	326	NUM
faba-261	416	11	.	.	PUNCT
faba-261	417	1	saungweme	saungweme	PROPN
faba-261	417	2	,	,	PUNCT
faba-261	417	3	t	t	PROPN
faba-261	417	4	and	and	CCONJ
faba-261	417	5	n.	n.	PROPN
faba-261	417	6	m.	m.	NOUN
faba-261	417	7	odhiambo	odhiambo	PROPN
faba-261	417	8	.	.	PUNCT
faba-261	417	9	2021	2021	NUM
faba-261	417	10	.	.	PUNCT
faba-261	418	1	inflation	inflation	NOUN
faba-261	418	2	and	and	CCONJ
faba-261	418	3	economic	economic	ADJ
faba-261	418	4	growth	growth	NOUN
faba-261	418	5	in	in	ADP
faba-261	418	6	kenya	kenya	PROPN
faba-261	418	7	:	:	PUNCT
faba-261	418	8	an	an	DET
faba-261	418	9	empirical	empirical	ADJ
faba-261	418	10	examination	examination	NOUN
faba-261	418	11	.	.	PUNCT
faba-261	419	1	advances	advance	NOUN
faba-261	419	2	in	in	ADP
faba-261	419	3	decision	decision	NOUN
faba-261	419	4	sciences	science	NOUN
faba-261	419	5	(	(	PUNCT
faba-261	419	6	ads	ad	NOUN
faba-261	419	7	)	)	PUNCT
faba-261	419	8	,	,	PUNCT
faba-261	419	9	25(3	25(3	NUM
faba-261	419	10	):	):	PUNCT
faba-261	419	11	1	1	NUM
faba-261	419	12	-	-	SYM
faba-261	419	13	25	25	NUM
faba-261	419	14	.	.	PUNCT
faba-261	420	1	https://doi.org/10.47654/v25y2021i3p1-25	https://doi.org/10.47654/v25y2021i3p1-25	PRON
faba-261	421	1	shaukat	shaukat	PROPN
faba-261	421	2	.	.	PROPN
faba-261	421	3	,	,	PUNCT
faba-261	421	4	b.	b.	PROPN
faba-261	421	5	,	,	PUNCT
faba-261	421	6	q.	q.	PROPN
faba-261	421	7	zhu	zhu	PROPN
faba-261	421	8	and	and	CCONJ
faba-261	421	9	m.	m.	PROPN
faba-261	421	10	i.	i.	PROPN
faba-261	421	11	khan	khan	PROPN
faba-261	421	12	.	.	PUNCT
faba-261	422	1	2019	2019	NUM
faba-261	422	2	.	.	PUNCT
faba-261	423	1	real	real	ADJ
faba-261	423	2	interest	interest	NOUN
faba-261	423	3	rate	rate	NOUN
faba-261	423	4	and	and	CCONJ
faba-261	423	5	economic	economic	ADJ
faba-261	423	6	growth	growth	NOUN
faba-261	423	7	:	:	PUNCT
faba-261	423	8	a	a	DET
faba-261	423	9	statistical	statistical	ADJ
faba-261	423	10	exploration	exploration	NOUN
faba-261	423	11	for	for	ADP
faba-261	423	12	transitory	transitory	ADJ
faba-261	423	13	economies	economy	NOUN
faba-261	423	14	.	.	PUNCT
faba-261	424	1	physica	physica	VERB
faba-261	424	2	a	a	DET
faba-261	424	3	:	:	PUNCT
faba-261	424	4	statistical	statistical	ADJ
faba-261	424	5	mechanics	mechanic	NOUN
faba-261	424	6	and	and	CCONJ
faba-261	424	7	its	its	PRON
faba-261	424	8	applications	application	NOUN
faba-261	424	9	,	,	PUNCT
faba-261	424	10	534	534	NUM
faba-261	424	11	:	:	SYM
faba-261	424	12	122193	122193	NUM
faba-261	424	13	.	.	PUNCT
faba-261	425	1	https://doi.org/10.1016/j.physa.2019.122193	https://doi.org/10.1016/j.physa.2019.122193	PROPN
faba-261	425	2	shaw	shaw	PROPN
faba-261	425	3	,	,	PUNCT
faba-261	425	4	e.	e.	PROPN
faba-261	425	5	1973	1973	NUM
faba-261	425	6	.	.	PUNCT
faba-261	426	1	financial	financial	ADJ
faba-261	426	2	deepening	deepening	NOUN
faba-261	426	3	in	in	ADP
faba-261	426	4	economic	economic	ADJ
faba-261	426	5	development	development	NOUN
faba-261	426	6	.	.	PUNCT
faba-261	427	1	new	new	PROPN
faba-261	427	2	york	york	PROPN
faba-261	427	3	:	:	PUNCT
faba-261	427	4	oxford	oxford	PROPN
faba-261	427	5	university	university	PROPN
faba-261	427	6	press	press	NOUN
faba-261	427	7	.	.	PUNCT
faba-261	428	1	shin	shin	PROPN
faba-261	428	2	,	,	PUNCT
faba-261	428	3	y.	y.	PROPN
faba-261	428	4	,	,	PUNCT
faba-261	428	5	b.	b.	PROPN
faba-261	428	6	yu	yu	PROPN
faba-261	428	7	,	,	PUNCT
faba-261	428	8	m.	m.	PROPN
faba-261	428	9	greenwood	greenwood	PROPN
faba-261	428	10	-	-	PUNCT
faba-261	428	11	nimmo	nimmo	PROPN
faba-261	428	12	.	.	PUNCT
faba-261	429	1	2014	2014	NUM
faba-261	429	2	.	.	PUNCT
faba-261	430	1	modelling	model	VERB
faba-261	430	2	asymmetric	asymmetric	ADJ
faba-261	430	3	cointegration	cointegration	NOUN
faba-261	430	4	and	and	CCONJ
faba-261	430	5	dynamic	dynamic	ADJ
faba-261	430	6	multipliers	multiplier	NOUN
faba-261	430	7	in	in	ADP
faba-261	430	8	a	a	DET
faba-261	430	9	nonlinear	nonlinear	ADJ
faba-261	430	10	ardl	ardl	NOUN
faba-261	430	11	framework	framework	NOUN
faba-261	430	12	.	.	PUNCT
faba-261	431	1	in	in	ADP
faba-261	431	2	:	:	PUNCT
faba-261	431	3	sickles	sickle	NOUN
faba-261	431	4	,	,	PUNCT
faba-261	431	5	r.	r.	PROPN
faba-261	431	6	,	,	PUNCT
faba-261	431	7	horrace	horrace	NOUN
faba-261	431	8	,	,	PUNCT
faba-261	431	9	w.	w.	NOUN
faba-261	431	10	(	(	PUNCT
faba-261	431	11	eds	eds	PROPN
faba-261	431	12	)	)	PUNCT
faba-261	431	13	.	.	PUNCT
faba-261	432	1	springer	springer	NOUN
faba-261	432	2	,	,	PUNCT
faba-261	432	3	new	new	PROPN
faba-261	432	4	york	york	PROPN
faba-261	432	5	,	,	PUNCT
faba-261	432	6	ny	ny	PROPN
faba-261	432	7	.	.	PUNCT
faba-261	433	1	https://doi.org/10.1007/978-1-4899-8008-3_9	https://doi.org/10.1007/978-1-4899-8008-3_9	PROPN
faba-261	433	2	united	united	PROPN
faba-261	433	3	nations	nations	PROPN
faba-261	433	4	industrial	industrial	PROPN
faba-261	433	5	development	development	PROPN
faba-261	433	6	organisation	organisation	NOUN
faba-261	433	7	.	.	PUNCT
faba-261	434	1	2020	2020	NUM
faba-261	434	2	.	.	PUNCT
faba-261	435	1	industrialisation	industrialisation	NOUN
faba-261	435	2	as	as	ADP
faba-261	435	3	the	the	DET
faba-261	435	4	driver	driver	NOUN
faba-261	435	5	of	of	ADP
faba-261	435	6	sustained	sustained	ADJ
faba-261	435	7	prosperity	prosperity	NOUN
faba-261	435	8	.	.	PUNCT
faba-261	436	1	vienna	vienna	PROPN
faba-261	436	2	.	.	PUNCT
faba-261	437	1	unido	unido	PROPN
faba-261	437	2	.	.	PUNCT
faba-261	438	1	wilson	wilson	PROPN
faba-261	438	2	,	,	PUNCT
faba-261	438	3	m.	m.	PROPN
faba-261	438	4	k.	k.	PROPN
faba-261	438	5	,	,	PUNCT
faba-261	438	6	and	and	CCONJ
faba-261	438	7	n.	n.	PROPN
faba-261	438	8	m.	m.	NOUN
faba-261	438	9	odhiambo	odhiambo	PROPN
faba-261	438	10	.	.	PUNCT
faba-261	439	1	2023	2023	NUM
faba-261	439	2	.	.	PUNCT
faba-261	440	1	financial	financial	ADJ
faba-261	440	2	reforms	reform	NOUN
faba-261	440	3	and	and	CCONJ
faba-261	440	4	financial	financial	ADJ
faba-261	440	5	development	development	NOUN
faba-261	440	6	in	in	ADP
faba-261	440	7	africa	africa	PROPN
faba-261	440	8	:	:	PUNCT
faba-261	440	9	evidence	evidence	NOUN
faba-261	440	10	from	from	ADP
faba-261	440	11	selected	select	VERB
faba-261	440	12	ssa	ssa	NOUN
faba-261	440	13	countries	country	NOUN
faba-261	440	14	,	,	PUNCT
faba-261	440	15	in	in	ADP
faba-261	440	16	,	,	PUNCT
faba-261	440	17	finance	finance	NOUN
faba-261	440	18	for	for	ADP
faba-261	440	19	sustainable	sustainable	ADJ
faba-261	440	20	development	development	NOUN
faba-261	440	21	in	in	ADP
faba-261	440	22	africa	africa	PROPN
faba-261	440	23	.	.	PUNCT
faba-261	441	1	routledge	routledge	PROPN
faba-261	441	2	:	:	PUNCT
faba-261	441	3	taylor	taylor	PROPN
faba-261	441	4	&	&	CCONJ
faba-261	441	5	francis	francis	PROPN
faba-261	441	6	group	group	PROPN
faba-261	441	7	publishers	publisher	NOUN
faba-261	441	8	.	.	PUNCT
faba-261	442	1	world	world	PROPN
faba-261	442	2	bank	bank	PROPN
faba-261	442	3	.	.	PUNCT
faba-261	443	1	2022	2022	NUM
faba-261	443	2	.	.	PUNCT
faba-261	444	1	world	world	PROPN
faba-261	444	2	bank	bank	PROPN
faba-261	444	3	online	online	PROPN
faba-261	444	4	database	database	PROPN
faba-261	444	5	.	.	PUNCT
faba-261	445	1	washington	washington	PROPN
faba-261	445	2	dc	dc	PROPN
faba-261	445	3	:	:	PUNCT
faba-261	445	4	world	world	PROPN
faba-261	445	5	bank	bank	PROPN
faba-261	445	6	.	.	PUNCT
faba-261	446	1	https://doi.org/10.1016/j.renene.2022.08.099	https://doi.org/10.1016/j.renene.2022.08.099	NOUN
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faba-261	446	3	https://doi.org/10.5089/9781451956726.024	https://doi.org/10.5089/9781451956726.024	X
faba-261	446	4	https://doi.org/10.1080/13504851.2023.2283774	https://doi.org/10.1080/13504851.2023.2283774	PRON
faba-261	446	5	https://policycommons.net/artifacts/1515025/aid-and-reform-in-africa/2189840/	https://policycommons.net/artifacts/1515025/aid-and-reform-in-africa/2189840/	PROPN
faba-261	446	6	https://doi.org/10.1007/s13132-024-01924-x	https://doi.org/10.1007/s13132-024-01924-x	VERB
faba-261	446	7	https://doi.org/10.47654/v25y2021i3p1-25	https://doi.org/10.47654/v25y2021i3p1-25	DET
faba-261	446	8	https://doi.org/10.1016/j.physa.2019.122193	https://doi.org/10.1016/j.physa.2019.122193	ADJ
faba-261	446	9	https://doi.org/10.1007/978-1-4899-8008-3_9	https://doi.org/10.1007/978-1-4899-8008-3_9	PROPN