id	sid	tid	token	lemma	pos
fbem-12163	1	1	frontiers	frontier	NOUN
fbem-12163	1	2	in	in	ADP
fbem-12163	1	3	business	business	NOUN
fbem-12163	1	4	,	,	PUNCT
fbem-12163	1	5	economics	economic	NOUN
fbem-12163	1	6	and	and	CCONJ
fbem-12163	1	7	management	management	NOUN
fbem-12163	1	8	issn	issn	PROPN
fbem-12163	1	9	:	:	PUNCT
fbem-12163	1	10	2766	2766	NUM
fbem-12163	1	11	-	-	PUNCT
fbem-12163	1	12	824x	824x	NUM
fbem-12163	1	13	|	|	ADJ
fbem-12163	1	14	vol	vol	NOUN
fbem-12163	1	15	.	.	PUNCT
fbem-12163	2	1	11	11	NUM
fbem-12163	2	2	,	,	PUNCT
fbem-12163	2	3	no	no	INTJ
fbem-12163	2	4	.	.	NOUN
fbem-12163	2	5	2	2	NUM
fbem-12163	2	6	,	,	PUNCT
fbem-12163	2	7	2023	2023	NUM
fbem-12163	2	8	54	54	NUM
fbem-12163	2	9	trade	trade	NOUN
fbem-12163	2	10	opening	opening	NOUN
fbem-12163	2	11	and	and	CCONJ
fbem-12163	2	12	the	the	DET
fbem-12163	2	13	real	real	ADJ
fbem-12163	2	14	effective	effective	ADJ
fbem-12163	2	15	exchange	exchange	NOUN
fbem-12163	2	16	rate	rate	NOUN
fbem-12163	2	17	of	of	ADP
fbem-12163	2	18	the	the	DET
fbem-12163	2	19	rmb	rmb	PROPN
fbem-12163	2	20	sheng	sheng	PROPN
fbem-12163	2	21	zhang	zhang	PROPN
fbem-12163	2	22	*	*	PROPN
fbem-12163	2	23	east	east	PROPN
fbem-12163	2	24	china	china	PROPN
fbem-12163	2	25	university	university	PROPN
fbem-12163	2	26	of	of	ADP
fbem-12163	2	27	political	political	ADJ
fbem-12163	2	28	science	science	NOUN
fbem-12163	2	29	and	and	CCONJ
fbem-12163	2	30	law	law	NOUN
fbem-12163	2	31	,	,	PUNCT
fbem-12163	2	32	shanghai	shanghai	PROPN
fbem-12163	2	33	,	,	PUNCT
fbem-12163	2	34	china	china	PROPN
fbem-12163	2	35	*	*	PUNCT
fbem-12163	2	36	corresponding	correspond	VERB
fbem-12163	2	37	author	author	NOUN
fbem-12163	2	38	email	email	NOUN
fbem-12163	2	39	:	:	PUNCT
fbem-12163	2	40	2423978024@qq.com	2423978024@qq.com	NUM
fbem-12163	2	41	abstract	abstract	NOUN
fbem-12163	2	42	:	:	PUNCT
fbem-12163	2	43	this	this	DET
fbem-12163	2	44	paper	paper	NOUN
fbem-12163	2	45	uses	use	VERB
fbem-12163	2	46	the	the	DET
fbem-12163	2	47	redux	redux	PROPN
fbem-12163	2	48	model	model	NOUN
fbem-12163	2	49	and	and	CCONJ
fbem-12163	2	50	shows	show	VERB
fbem-12163	2	51	that	that	SCONJ
fbem-12163	2	52	the	the	DET
fbem-12163	2	53	fluctuation	fluctuation	NOUN
fbem-12163	2	54	of	of	ADP
fbem-12163	2	55	the	the	DET
fbem-12163	2	56	rmb	rmb	NOUN
fbem-12163	2	57	under	under	ADP
fbem-12163	2	58	certain	certain	ADJ
fbem-12163	2	59	fluctuations	fluctuation	NOUN
fbem-12163	2	60	;	;	PUNCT
fbem-12163	2	61	then	then	ADV
fbem-12163	2	62	analyzes	analyze	VERB
fbem-12163	2	63	the	the	DET
fbem-12163	2	64	effect	effect	NOUN
fbem-12163	2	65	of	of	ADP
fbem-12163	2	66	the	the	DET
fbem-12163	2	67	fluctuation	fluctuation	NOUN
fbem-12163	2	68	of	of	ADP
fbem-12163	2	69	the	the	DET
fbem-12163	2	70	rmb	rmb	NOUN
fbem-12163	2	71	on	on	ADP
fbem-12163	2	72	the	the	DET
fbem-12163	2	73	actual	actual	ADJ
fbem-12163	2	74	effective	effective	ADJ
fbem-12163	2	75	exchange	exchange	NOUN
fbem-12163	2	76	rate	rate	NOUN
fbem-12163	2	77	.	.	PUNCT
fbem-12163	3	1	the	the	DET
fbem-12163	3	2	study	study	NOUN
fbem-12163	3	3	found	find	VERB
fbem-12163	3	4	that	that	SCONJ
fbem-12163	3	5	trade	trade	NOUN
fbem-12163	3	6	opening	opening	NOUN
fbem-12163	3	7	can	can	AUX
fbem-12163	3	8	reduce	reduce	VERB
fbem-12163	3	9	the	the	DET
fbem-12163	3	10	fluctuation	fluctuation	NOUN
fbem-12163	3	11	of	of	ADP
fbem-12163	3	12	the	the	DET
fbem-12163	3	13	real	real	ADJ
fbem-12163	3	14	effective	effective	ADJ
fbem-12163	3	15	exchange	exchange	NOUN
fbem-12163	3	16	rate	rate	NOUN
fbem-12163	3	17	of	of	ADP
fbem-12163	3	18	the	the	DET
fbem-12163	3	19	rmb	rmb	NOUN
fbem-12163	3	20	;	;	PUNCT
fbem-12163	3	21	the	the	DET
fbem-12163	3	22	rationalization	rationalization	NOUN
fbem-12163	3	23	of	of	ADP
fbem-12163	3	24	industrial	industrial	ADJ
fbem-12163	3	25	structure	structure	NOUN
fbem-12163	3	26	can	can	AUX
fbem-12163	3	27	also	also	ADV
fbem-12163	3	28	enhance	enhance	VERB
fbem-12163	3	29	trade	trade	NOUN
fbem-12163	3	30	opening	opening	NOUN
fbem-12163	3	31	and	and	CCONJ
fbem-12163	3	32	restrain	restrain	VERB
fbem-12163	3	33	the	the	DET
fbem-12163	3	34	real	real	ADJ
fbem-12163	3	35	effective	effective	ADJ
fbem-12163	3	36	exchange	exchange	NOUN
fbem-12163	3	37	rate	rate	NOUN
fbem-12163	3	38	fluctuation	fluctuation	NOUN
fbem-12163	3	39	of	of	ADP
fbem-12163	3	40	the	the	DET
fbem-12163	3	41	rmb	rmb	NOUN
fbem-12163	3	42	.	.	PUNCT
fbem-12163	4	1	meanwhile	meanwhile	ADV
fbem-12163	4	2	,	,	PUNCT
fbem-12163	4	3	the	the	DET
fbem-12163	4	4	"	"	PUNCT
fbem-12163	4	5	belt	belt	NOUN
fbem-12163	4	6	and	and	CCONJ
fbem-12163	4	7	road	road	NOUN
fbem-12163	4	8	"	"	PUNCT
fbem-12163	4	9	initiative	initiative	NOUN
fbem-12163	4	10	intensifies	intensify	VERB
fbem-12163	4	11	the	the	DET
fbem-12163	4	12	real	real	ADJ
fbem-12163	4	13	effective	effective	ADJ
fbem-12163	4	14	exchange	exchange	NOUN
fbem-12163	4	15	rate	rate	NOUN
fbem-12163	4	16	fluctuation	fluctuation	NOUN
fbem-12163	4	17	of	of	ADP
fbem-12163	4	18	the	the	DET
fbem-12163	4	19	rmb	rmb	NOUN
fbem-12163	4	20	,	,	PUNCT
fbem-12163	4	21	possibly	possibly	ADV
fbem-12163	4	22	due	due	ADP
fbem-12163	4	23	to	to	ADP
fbem-12163	4	24	the	the	DET
fbem-12163	4	25	change	change	NOUN
fbem-12163	4	26	of	of	ADP
fbem-12163	4	27	the	the	DET
fbem-12163	4	28	"	"	PUNCT
fbem-12163	4	29	belt	belt	NOUN
fbem-12163	4	30	and	and	CCONJ
fbem-12163	4	31	road	road	NOUN
fbem-12163	4	32	"	"	PUNCT
fbem-12163	4	33	initiative	initiative	NOUN
fbem-12163	4	34	and	and	CCONJ
fbem-12163	4	35	implementation	implementation	NOUN
fbem-12163	4	36	in	in	ADP
fbem-12163	4	37	the	the	DET
fbem-12163	4	38	total	total	ADJ
fbem-12163	4	39	industrial	industrial	ADJ
fbem-12163	4	40	structure	structure	NOUN
fbem-12163	4	41	of	of	ADP
fbem-12163	4	42	import	import	NOUN
fbem-12163	4	43	and	and	CCONJ
fbem-12163	4	44	export	export	NOUN
fbem-12163	4	45	.	.	PUNCT
fbem-12163	5	1	therefore	therefore	ADV
fbem-12163	5	2	,	,	PUNCT
fbem-12163	5	3	all	all	DET
fbem-12163	5	4	provinces	province	NOUN
fbem-12163	5	5	(	(	PUNCT
fbem-12163	5	6	autonomous	autonomous	ADJ
fbem-12163	5	7	regions	region	NOUN
fbem-12163	5	8	and	and	CCONJ
fbem-12163	5	9	municipalities	municipality	NOUN
fbem-12163	5	10	directly	directly	ADV
fbem-12163	5	11	under	under	ADP
fbem-12163	5	12	the	the	DET
fbem-12163	5	13	central	central	ADJ
fbem-12163	5	14	government	government	NOUN
fbem-12163	5	15	)	)	PUNCT
fbem-12163	5	16	should	should	AUX
fbem-12163	5	17	increase	increase	VERB
fbem-12163	5	18	basic	basic	ADJ
fbem-12163	5	19	research	research	NOUN
fbem-12163	5	20	such	such	ADJ
fbem-12163	5	21	as	as	ADP
fbem-12163	5	22	science	science	NOUN
fbem-12163	5	23	and	and	CCONJ
fbem-12163	5	24	technology	technology	NOUN
fbem-12163	5	25	,	,	PUNCT
fbem-12163	5	26	promote	promote	VERB
fbem-12163	5	27	the	the	DET
fbem-12163	5	28	rationalization	rationalization	NOUN
fbem-12163	5	29	of	of	ADP
fbem-12163	5	30	industrial	industrial	ADJ
fbem-12163	5	31	structure	structure	NOUN
fbem-12163	5	32	,	,	PUNCT
fbem-12163	5	33	and	and	CCONJ
fbem-12163	5	34	make	make	VERB
fbem-12163	5	35	the	the	DET
fbem-12163	5	36	help	help	NOUN
fbem-12163	5	37	of	of	ADP
fbem-12163	5	38	the	the	DET
fbem-12163	5	39	good	good	ADJ
fbem-12163	5	40	opportunity	opportunity	NOUN
fbem-12163	5	41	of	of	ADP
fbem-12163	5	42	the	the	DET
fbem-12163	5	43	"	"	PUNCT
fbem-12163	5	44	belt	belt	NOUN
fbem-12163	5	45	and	and	CCONJ
fbem-12163	5	46	road	road	NOUN
fbem-12163	5	47	"	"	PUNCT
fbem-12163	5	48	initiative	initiative	NOUN
fbem-12163	5	49	to	to	PART
fbem-12163	5	50	reduce	reduce	VERB
fbem-12163	5	51	the	the	DET
fbem-12163	5	52	real	real	ADJ
fbem-12163	5	53	effective	effective	ADJ
fbem-12163	5	54	exchange	exchange	NOUN
fbem-12163	5	55	rate	rate	NOUN
fbem-12163	5	56	fluctuations	fluctuation	NOUN
fbem-12163	5	57	of	of	ADP
fbem-12163	5	58	rmb	rmb	NOUN
fbem-12163	5	59	.	.	PUNCT
fbem-12163	6	1	keywords	keyword	NOUN
fbem-12163	6	2	:	:	PUNCT
fbem-12163	6	3	real	real	ADJ
fbem-12163	6	4	effective	effective	ADJ
fbem-12163	6	5	exchange	exchange	NOUN
fbem-12163	6	6	rate	rate	NOUN
fbem-12163	6	7	,	,	PUNCT
fbem-12163	6	8	trade	trade	NOUN
fbem-12163	6	9	opening	opening	NOUN
fbem-12163	6	10	,	,	PUNCT
fbem-12163	6	11	industrial	industrial	ADJ
fbem-12163	6	12	structure	structure	NOUN
fbem-12163	6	13	.	.	PUNCT
fbem-12163	7	1	1	1	X
fbem-12163	7	2	.	.	X
fbem-12163	7	3	introduction	introduction	NOUN
fbem-12163	7	4	in	in	ADP
fbem-12163	7	5	2005	2005	NUM
fbem-12163	7	6	,	,	PUNCT
fbem-12163	7	7	the	the	DET
fbem-12163	7	8	central	central	ADJ
fbem-12163	7	9	bank	bank	NOUN
fbem-12163	7	10	announced	announce	VERB
fbem-12163	7	11	the	the	DET
fbem-12163	7	12	reform	reform	NOUN
fbem-12163	7	13	of	of	ADP
fbem-12163	7	14	the	the	DET
fbem-12163	7	15	rmb	rmb	PROPN
fbem-12163	7	16	exchange	exchange	NOUN
fbem-12163	7	17	rate	rate	NOUN
fbem-12163	7	18	system	system	NOUN
fbem-12163	7	19	,	,	PUNCT
fbem-12163	7	20	implementing	implement	VERB
fbem-12163	7	21	the	the	DET
fbem-12163	7	22	rmb	rmb	PROPN
fbem-12163	7	23	exchange	exchange	NOUN
fbem-12163	7	24	rate	rate	NOUN
fbem-12163	7	25	system	system	NOUN
fbem-12163	7	26	based	base	VERB
fbem-12163	7	27	on	on	ADP
fbem-12163	7	28	market	market	NOUN
fbem-12163	7	29	supply	supply	NOUN
fbem-12163	7	30	and	and	CCONJ
fbem-12163	7	31	demand	demand	NOUN
fbem-12163	7	32	;	;	PUNCT
fbem-12163	7	33	meanwhile	meanwhile	ADV
fbem-12163	7	34	,	,	PUNCT
fbem-12163	7	35	in	in	ADP
fbem-12163	7	36	2010	2010	NUM
fbem-12163	7	37	,	,	PUNCT
fbem-12163	7	38	the	the	DET
fbem-12163	7	39	central	central	ADJ
fbem-12163	7	40	bank	bank	NOUN
fbem-12163	7	41	further	far	ADV
fbem-12163	7	42	promoted	promote	VERB
fbem-12163	7	43	the	the	DET
fbem-12163	7	44	rmb	rmb	PROPN
fbem-12163	7	45	exchange	exchange	NOUN
fbem-12163	7	46	rate	rate	NOUN
fbem-12163	7	47	mechanism	mechanism	NOUN
fbem-12163	7	48	and	and	CCONJ
fbem-12163	7	49	enhanced	enhance	VERB
fbem-12163	7	50	the	the	DET
fbem-12163	7	51	flexibility	flexibility	NOUN
fbem-12163	7	52	of	of	ADP
fbem-12163	7	53	the	the	DET
fbem-12163	7	54	rmb	rmb	PROPN
fbem-12163	7	55	exchange	exchange	NOUN
fbem-12163	7	56	rate	rate	NOUN
fbem-12163	7	57	;	;	PUNCT
fbem-12163	7	58	in	in	ADP
fbem-12163	7	59	2012	2012	NUM
fbem-12163	7	60	,	,	PUNCT
fbem-12163	7	61	the	the	DET
fbem-12163	7	62	central	central	ADJ
fbem-12163	7	63	bank	bank	NOUN
fbem-12163	7	64	announced	announce	VERB
fbem-12163	7	65	the	the	DET
fbem-12163	7	66	floating	float	VERB
fbem-12163	7	67	rate	rate	NOUN
fbem-12163	7	68	of	of	ADP
fbem-12163	7	69	rmb	rmb	NOUN
fbem-12163	7	70	on	on	ADP
fbem-12163	7	71	the	the	DET
fbem-12163	7	72	interbank	interbank	NOUN
fbem-12163	7	73	spot	spot	NOUN
fbem-12163	7	74	foreign	foreign	ADJ
fbem-12163	7	75	exchange	exchange	NOUN
fbem-12163	7	76	market	market	NOUN
fbem-12163	7	77	increased	increase	VERB
fbem-12163	7	78	from	from	ADP
fbem-12163	7	79	5	5	NUM
fbem-12163	7	80	‰	‰	NOUN
fbem-12163	7	81	to	to	ADP
fbem-12163	7	82	1	1	NUM
fbem-12163	7	83	%	%	NOUN
fbem-12163	7	84	and	and	CCONJ
fbem-12163	7	85	expanded	expand	VERB
fbem-12163	7	86	the	the	DET
fbem-12163	7	87	floating	float	VERB
fbem-12163	7	88	range	range	NOUN
fbem-12163	7	89	from	from	ADP
fbem-12163	7	90	1	1	NUM
fbem-12163	7	91	%	%	NOUN
fbem-12163	7	92	to	to	PART
fbem-12163	7	93	2	2	NUM
fbem-12163	7	94	%	%	NOUN
fbem-12163	7	95	in	in	ADP
fbem-12163	7	96	2014	2014	NUM
fbem-12163	7	97	.	.	PUNCT
fbem-12163	8	1	since	since	SCONJ
fbem-12163	8	2	the	the	DET
fbem-12163	8	3	reform	reform	NOUN
fbem-12163	8	4	of	of	ADP
fbem-12163	8	5	the	the	DET
fbem-12163	8	6	rmb	rmb	PROPN
fbem-12163	8	7	exchange	exchange	NOUN
fbem-12163	8	8	rate	rate	NOUN
fbem-12163	8	9	formation	formation	NOUN
fbem-12163	8	10	mechanism	mechanism	NOUN
fbem-12163	8	11	,	,	PUNCT
fbem-12163	8	12	2005	2005	NUM
fbem-12163	8	13	-	-	SYM
fbem-12163	8	14	2013	2013	NUM
fbem-12163	8	15	the	the	DET
fbem-12163	8	16	yuan	yuan	NOUN
fbem-12163	8	17	against	against	ADP
fbem-12163	8	18	the	the	DET
fbem-12163	8	19	dollar	dollar	NOUN
fbem-12163	8	20	unilateral	unilateral	ADJ
fbem-12163	8	21	appreciation	appreciation	NOUN
fbem-12163	8	22	status	status	NOUN
fbem-12163	8	23	,	,	PUNCT
fbem-12163	8	24	2014	2014	NUM
fbem-12163	8	25	-	-	SYM
fbem-12163	8	26	2016	2016	NUM
fbem-12163	8	27	the	the	DET
fbem-12163	8	28	yuan	yuan	NOUN
fbem-12163	8	29	against	against	ADP
fbem-12163	8	30	the	the	DET
fbem-12163	8	31	dollar	dollar	NOUN
fbem-12163	8	32	for	for	ADP
fbem-12163	8	33	unilateral	unilateral	ADJ
fbem-12163	8	34	depreciation	depreciation	NOUN
fbem-12163	8	35	,	,	PUNCT
fbem-12163	8	36	after	after	ADP
fbem-12163	8	37	2017	2017	NUM
fbem-12163	8	38	,	,	PUNCT
fbem-12163	8	39	the	the	DET
fbem-12163	8	40	rmb	rmb	PROPN
fbem-12163	8	41	exchange	exchange	NOUN
fbem-12163	8	42	rate	rate	NOUN
fbem-12163	8	43	fluctuation	fluctuation	NOUN
fbem-12163	8	44	become	become	VERB
fbem-12163	8	45	the	the	DET
fbem-12163	8	46	norm	norm	NOUN
fbem-12163	8	47	,	,	PUNCT
fbem-12163	8	48	the	the	DET
fbem-12163	8	49	actual	actual	ADJ
fbem-12163	8	50	exchange	exchange	NOUN
fbem-12163	8	51	rate	rate	NOUN
fbem-12163	8	52	fluctuation	fluctuation	NOUN
fbem-12163	8	53	is	be	AUX
fbem-12163	8	54	also	also	ADV
fbem-12163	8	55	increasing	increase	VERB
fbem-12163	8	56	,	,	PUNCT
fbem-12163	8	57	at	at	ADP
fbem-12163	8	58	the	the	DET
fbem-12163	8	59	same	same	ADJ
fbem-12163	8	60	time	time	NOUN
fbem-12163	8	61	with	with	ADP
fbem-12163	8	62	the	the	DET
fbem-12163	8	63	development	development	NOUN
fbem-12163	8	64	of	of	ADP
fbem-12163	8	65	the	the	DET
fbem-12163	8	66	outbreak	outbreak	NOUN
fbem-12163	8	67	and	and	CCONJ
fbem-12163	8	68	the	the	DET
fbem-12163	8	69	trade	trade	NOUN
fbem-12163	8	70	war	war	NOUN
fbem-12163	8	71	,	,	PUNCT
fbem-12163	8	72	the	the	DET
fbem-12163	8	73	actual	actual	ADJ
fbem-12163	8	74	exchange	exchange	NOUN
fbem-12163	8	75	rate	rate	NOUN
fbem-12163	8	76	fluctuation	fluctuation	NOUN
fbem-12163	8	77	is	be	AUX
fbem-12163	8	78	also	also	ADV
fbem-12163	8	79	increasing	increase	VERB
fbem-12163	8	80	.	.	PUNCT
fbem-12163	9	1	it	it	PRON
fbem-12163	9	2	can	can	AUX
fbem-12163	9	3	also	also	ADV
fbem-12163	9	4	be	be	AUX
fbem-12163	9	5	seen	see	VERB
fbem-12163	9	6	that	that	SCONJ
fbem-12163	9	7	,	,	PUNCT
fbem-12163	9	8	along	along	ADP
fbem-12163	9	9	with	with	ADP
fbem-12163	9	10	china	china	PROPN
fbem-12163	9	11	's	's	PART
fbem-12163	9	12	opening	opening	NOUN
fbem-12163	9	13	to	to	ADP
fbem-12163	9	14	the	the	DET
fbem-12163	9	15	outside	outside	ADJ
fbem-12163	9	16	world	world	NOUN
fbem-12163	9	17	and	and	CCONJ
fbem-12163	9	18	the	the	DET
fbem-12163	9	19	deepening	deepen	VERB
fbem-12163	9	20	development	development	NOUN
fbem-12163	9	21	of	of	ADP
fbem-12163	9	22	the	the	DET
fbem-12163	9	23	market	market	NOUN
fbem-12163	9	24	economy	economy	NOUN
fbem-12163	9	25	reform	reform	NOUN
fbem-12163	9	26	,	,	PUNCT
fbem-12163	9	27	the	the	DET
fbem-12163	9	28	rmb	rmb	PROPN
fbem-12163	9	29	exchange	exchange	NOUN
fbem-12163	9	30	rate	rate	NOUN
fbem-12163	9	31	is	be	AUX
fbem-12163	9	32	also	also	ADV
fbem-12163	9	33	constantly	constantly	ADV
fbem-12163	9	34	changing	change	VERB
fbem-12163	9	35	.	.	PUNCT
fbem-12163	10	1	the	the	DET
fbem-12163	10	2	development	development	NOUN
fbem-12163	10	3	of	of	ADP
fbem-12163	10	4	china	china	PROPN
fbem-12163	10	5	's	's	PART
fbem-12163	10	6	export	export	NOUN
fbem-12163	10	7	trade	trade	NOUN
fbem-12163	10	8	and	and	CCONJ
fbem-12163	10	9	the	the	DET
fbem-12163	10	10	fluctuation	fluctuation	NOUN
fbem-12163	10	11	of	of	ADP
fbem-12163	10	12	rmb	rmb	PROPN
fbem-12163	10	13	exchange	exchange	NOUN
fbem-12163	10	14	rate	rate	NOUN
fbem-12163	10	15	also	also	ADV
fbem-12163	10	16	have	have	VERB
fbem-12163	10	17	a	a	DET
fbem-12163	10	18	certain	certain	ADJ
fbem-12163	10	19	internal	internal	ADJ
fbem-12163	10	20	influence	influence	NOUN
fbem-12163	10	21	mechanism	mechanism	NOUN
fbem-12163	10	22	,	,	PUNCT
fbem-12163	10	23	so	so	CCONJ
fbem-12163	10	24	it	it	PRON
fbem-12163	10	25	is	be	AUX
fbem-12163	10	26	necessary	necessary	ADJ
fbem-12163	10	27	to	to	PART
fbem-12163	10	28	study	study	VERB
fbem-12163	10	29	the	the	DET
fbem-12163	10	30	internal	internal	ADJ
fbem-12163	10	31	influence	influence	NOUN
fbem-12163	10	32	factors	factor	NOUN
fbem-12163	10	33	leading	lead	VERB
fbem-12163	10	34	to	to	ADP
fbem-12163	10	35	the	the	DET
fbem-12163	10	36	fluctuation	fluctuation	NOUN
fbem-12163	10	37	of	of	ADP
fbem-12163	10	38	the	the	DET
fbem-12163	10	39	real	real	ADJ
fbem-12163	10	40	effective	effective	ADJ
fbem-12163	10	41	exchange	exchange	NOUN
fbem-12163	10	42	rate	rate	NOUN
fbem-12163	10	43	of	of	ADP
fbem-12163	10	44	rmb	rmb	PROPN
fbem-12163	10	45	.	.	PUNCT
fbem-12163	11	1	obstfeld	obstfeld	PROPN
fbem-12163	11	2	&	&	CCONJ
fbem-12163	11	3	rogoff	rogoff	PROPN
fbem-12163	11	4	(	(	PUNCT
fbem-12163	11	5	1995,1996	1995,1996	NOUN
fbem-12163	11	6	)	)	PUNCT
fbem-12163	11	7	believes	believe	VERB
fbem-12163	11	8	that	that	SCONJ
fbem-12163	11	9	trade	trade	NOUN
fbem-12163	11	10	opening	opening	NOUN
fbem-12163	11	11	can	can	AUX
fbem-12163	11	12	reduce	reduce	VERB
fbem-12163	11	13	exchange	exchange	NOUN
fbem-12163	11	14	rate	rate	NOUN
fbem-12163	11	15	fluctuations	fluctuation	NOUN
fbem-12163	11	16	.	.	PUNCT
fbem-12163	12	1	since	since	SCONJ
fbem-12163	12	2	china	china	PROPN
fbem-12163	12	3	's	's	PART
fbem-12163	12	4	accession	accession	NOUN
fbem-12163	12	5	to	to	ADP
fbem-12163	12	6	the	the	DET
fbem-12163	12	7	wto	wto	PROPN
fbem-12163	12	8	,	,	PUNCT
fbem-12163	12	9	the	the	DET
fbem-12163	12	10	trade	trade	NOUN
fbem-12163	12	11	volume	volume	NOUN
fbem-12163	12	12	of	of	ADP
fbem-12163	12	13	goods	good	NOUN
fbem-12163	12	14	and	and	CCONJ
fbem-12163	12	15	services	service	NOUN
fbem-12163	12	16	accounted	account	VERB
fbem-12163	12	17	for	for	ADP
fbem-12163	12	18	64.48	64.48	NUM
fbem-12163	12	19	%	%	NOUN
fbem-12163	12	20	of	of	ADP
fbem-12163	12	21	domestic	domestic	ADJ
fbem-12163	12	22	gdp	gdp	NOUN
fbem-12163	12	23	in	in	ADP
fbem-12163	12	24	2006	2006	NUM
fbem-12163	12	25	,	,	PUNCT
fbem-12163	12	26	but	but	CCONJ
fbem-12163	12	27	dropped	drop	VERB
fbem-12163	12	28	to	to	ADP
fbem-12163	12	29	31.73	31.73	NUM
fbem-12163	12	30	%	%	NOUN
fbem-12163	12	31	in	in	ADP
fbem-12163	12	32	2020[1,2	2020[1,2	NUM
fbem-12163	12	33	]	]	PUNCT
fbem-12163	12	34	.	.	PUNCT
fbem-12163	13	1	so	so	ADV
fbem-12163	13	2	,	,	PUNCT
fbem-12163	13	3	will	will	AUX
fbem-12163	13	4	the	the	DET
fbem-12163	13	5	trade	trade	NOUN
fbem-12163	13	6	opening	opening	NOUN
fbem-12163	13	7	increase	increase	NOUN
fbem-12163	13	8	the	the	DET
fbem-12163	13	9	fluctuation	fluctuation	NOUN
fbem-12163	13	10	of	of	ADP
fbem-12163	13	11	the	the	DET
fbem-12163	13	12	rmb	rmb	PROPN
fbem-12163	13	13	exchange	exchange	NOUN
fbem-12163	13	14	rate?what	rate?what	PRON
fbem-12163	13	15	are	be	AUX
fbem-12163	13	16	the	the	DET
fbem-12163	13	17	internal	internal	ADJ
fbem-12163	13	18	influencing	influence	VERB
fbem-12163	13	19	factors	factor	NOUN
fbem-12163	13	20	that	that	PRON
fbem-12163	13	21	lead	lead	VERB
fbem-12163	13	22	to	to	ADP
fbem-12163	13	23	the	the	DET
fbem-12163	13	24	rmb	rmb	PROPN
fbem-12163	13	25	exchange	exchange	NOUN
fbem-12163	13	26	rate	rate	NOUN
fbem-12163	13	27	fluctuation?therefore	fluctuation?therefore	NOUN
fbem-12163	13	28	,	,	PUNCT
fbem-12163	13	29	under	under	ADP
fbem-12163	13	30	the	the	DET
fbem-12163	13	31	background	background	NOUN
fbem-12163	13	32	of	of	ADP
fbem-12163	13	33	the	the	DET
fbem-12163	13	34	influence	influence	NOUN
fbem-12163	13	35	of	of	ADP
fbem-12163	13	36	rmb	rmb	PROPN
fbem-12163	13	37	exchange	exchange	NOUN
fbem-12163	13	38	rate	rate	NOUN
fbem-12163	13	39	fluctuations	fluctuation	NOUN
fbem-12163	13	40	and	and	CCONJ
fbem-12163	13	41	the	the	DET
fbem-12163	13	42	declining	decline	VERB
fbem-12163	13	43	proportion	proportion	NOUN
fbem-12163	13	44	of	of	ADP
fbem-12163	13	45	import	import	NOUN
fbem-12163	13	46	and	and	CCONJ
fbem-12163	13	47	export	export	NOUN
fbem-12163	13	48	trade	trade	NOUN
fbem-12163	13	49	,	,	PUNCT
fbem-12163	13	50	it	it	PRON
fbem-12163	13	51	is	be	AUX
fbem-12163	13	52	of	of	ADP
fbem-12163	13	53	certain	certain	ADJ
fbem-12163	13	54	practical	practical	ADJ
fbem-12163	13	55	significance	significance	NOUN
fbem-12163	13	56	to	to	PART
fbem-12163	13	57	study	study	VERB
fbem-12163	13	58	the	the	DET
fbem-12163	13	59	impact	impact	NOUN
fbem-12163	13	60	of	of	ADP
fbem-12163	13	61	trade	trade	NOUN
fbem-12163	13	62	opening	opening	NOUN
fbem-12163	13	63	on	on	ADP
fbem-12163	13	64	the	the	DET
fbem-12163	13	65	real	real	ADJ
fbem-12163	13	66	effective	effective	ADJ
fbem-12163	13	67	exchange	exchange	NOUN
fbem-12163	13	68	rate	rate	NOUN
fbem-12163	13	69	fluctuations	fluctuation	NOUN
fbem-12163	13	70	of	of	ADP
fbem-12163	13	71	rmb	rmb	NOUN
fbem-12163	13	72	,	,	PUNCT
fbem-12163	13	73	clarify	clarify	VERB
fbem-12163	13	74	the	the	DET
fbem-12163	13	75	subsequent	subsequent	ADJ
fbem-12163	13	76	development	development	NOUN
fbem-12163	13	77	direction	direction	NOUN
fbem-12163	13	78	of	of	ADP
fbem-12163	13	79	import	import	NOUN
fbem-12163	13	80	and	and	CCONJ
fbem-12163	13	81	export	export	NOUN
fbem-12163	13	82	trade	trade	NOUN
fbem-12163	13	83	,	,	PUNCT
fbem-12163	13	84	do	do	VERB
fbem-12163	13	85	a	a	DET
fbem-12163	13	86	good	good	ADJ
fbem-12163	13	87	job	job	NOUN
fbem-12163	13	88	in	in	ADP
fbem-12163	13	89	preventing	prevent	VERB
fbem-12163	13	90	exchange	exchange	NOUN
fbem-12163	13	91	rate	rate	NOUN
fbem-12163	13	92	risks	risk	NOUN
fbem-12163	13	93	,	,	PUNCT
fbem-12163	13	94	and	and	CCONJ
fbem-12163	13	95	promote	promote	VERB
fbem-12163	13	96	the	the	DET
fbem-12163	13	97	steady	steady	ADJ
fbem-12163	13	98	development	development	NOUN
fbem-12163	13	99	of	of	ADP
fbem-12163	13	100	china	china	PROPN
fbem-12163	13	101	's	's	PART
fbem-12163	13	102	economy	economy	NOUN
fbem-12163	13	103	.	.	PUNCT
fbem-12163	14	1	2	2	X
fbem-12163	14	2	.	.	X
fbem-12163	14	3	literature	literature	NOUN
fbem-12163	14	4	review	review	NOUN
fbem-12163	14	5	scholars	scholar	NOUN
fbem-12163	14	6	have	have	AUX
fbem-12163	14	7	done	do	VERB
fbem-12163	14	8	a	a	DET
fbem-12163	14	9	lot	lot	NOUN
fbem-12163	14	10	of	of	ADP
fbem-12163	14	11	research	research	NOUN
fbem-12163	14	12	on	on	ADP
fbem-12163	14	13	the	the	DET
fbem-12163	14	14	factors	factor	NOUN
fbem-12163	14	15	affecting	affect	VERB
fbem-12163	14	16	the	the	DET
fbem-12163	14	17	exchange	exchange	NOUN
fbem-12163	14	18	rate	rate	NOUN
fbem-12163	14	19	fluctuations	fluctuation	NOUN
fbem-12163	14	20	.	.	PUNCT
fbem-12163	15	1	some	some	DET
fbem-12163	15	2	scholars	scholar	NOUN
fbem-12163	15	3	study	study	VERB
fbem-12163	15	4	and	and	CCONJ
fbem-12163	15	5	analyze	analyze	VERB
fbem-12163	15	6	the	the	DET
fbem-12163	15	7	influence	influence	NOUN
fbem-12163	15	8	of	of	ADP
fbem-12163	15	9	trade	trade	NOUN
fbem-12163	15	10	opening	opening	NOUN
fbem-12163	15	11	on	on	ADP
fbem-12163	15	12	exchange	exchange	NOUN
fbem-12163	15	13	rate	rate	NOUN
fbem-12163	15	14	fluctuation	fluctuation	NOUN
fbem-12163	15	15	from	from	ADP
fbem-12163	15	16	the	the	DET
fbem-12163	15	17	influencing	influence	VERB
fbem-12163	15	18	factors	factor	NOUN
fbem-12163	15	19	of	of	ADP
fbem-12163	15	20	trade	trade	NOUN
fbem-12163	15	21	opening	opening	NOUN
fbem-12163	15	22	based	base	VERB
fbem-12163	15	23	on	on	ADP
fbem-12163	15	24	the	the	DET
fbem-12163	15	25	theoretical	theoretical	ADJ
fbem-12163	15	26	mechanism	mechanism	NOUN
fbem-12163	15	27	.	.	PUNCT
fbem-12163	16	1	obstfeld	obstfeld	PROPN
fbem-12163	16	2	&	&	CCONJ
fbem-12163	16	3	rogoff	rogoff	PROPN
fbem-12163	16	4	(	(	PUNCT
fbem-12163	16	5	1995,1996	1995,1996	NOUN
fbem-12163	16	6	)	)	PUNCT
fbem-12163	16	7	believes	believe	VERB
fbem-12163	16	8	that	that	SCONJ
fbem-12163	16	9	trade	trade	NOUN
fbem-12163	16	10	opening	opening	NOUN
fbem-12163	16	11	can	can	AUX
fbem-12163	16	12	reduce	reduce	VERB
fbem-12163	16	13	the	the	DET
fbem-12163	16	14	transaction	transaction	NOUN
fbem-12163	16	15	costs	cost	NOUN
fbem-12163	16	16	and	and	CCONJ
fbem-12163	16	17	frictions	friction	NOUN
fbem-12163	16	18	of	of	ADP
fbem-12163	16	19	international	international	ADJ
fbem-12163	16	20	trade	trade	NOUN
fbem-12163	16	21	,	,	PUNCT
fbem-12163	16	22	and	and	CCONJ
fbem-12163	16	23	can	can	AUX
fbem-12163	16	24	alleviate	alleviate	VERB
fbem-12163	16	25	the	the	DET
fbem-12163	16	26	negative	negative	ADJ
fbem-12163	16	27	impact	impact	NOUN
fbem-12163	16	28	on	on	ADP
fbem-12163	16	29	the	the	DET
fbem-12163	16	30	real	real	ADJ
fbem-12163	16	31	exchange	exchange	NOUN
fbem-12163	16	32	rate	rate	NOUN
fbem-12163	16	33	fluctuations	fluctuation	NOUN
fbem-12163	16	34	from	from	ADP
fbem-12163	16	35	the	the	DET
fbem-12163	16	36	nominal	nominal	ADJ
fbem-12163	16	37	factors[1,2].hau	factors[1,2].hau	NOUN
fbem-12163	16	38	(	(	PUNCT
fbem-12163	16	39	2000	2000	NUM
fbem-12163	16	40	)	)	PUNCT
fbem-12163	16	41	incorporated	incorporate	VERB
fbem-12163	16	42	labor	labor	NOUN
fbem-12163	16	43	force	force	NOUN
fbem-12163	16	44	into	into	ADP
fbem-12163	16	45	the	the	DET
fbem-12163	16	46	model	model	NOUN
fbem-12163	16	47	and	and	CCONJ
fbem-12163	16	48	divided	divide	VERB
fbem-12163	16	49	products	product	NOUN
fbem-12163	16	50	into	into	ADP
fbem-12163	16	51	traded	trade	VERB
fbem-12163	16	52	products	product	NOUN
fbem-12163	16	53	and	and	CCONJ
fbem-12163	16	54	non	non	ADJ
fbem-12163	16	55	-	-	ADJ
fbem-12163	16	56	tradable	tradable	ADJ
fbem-12163	16	57	products[3	products[3	NOUN
fbem-12163	16	58	]	]	X
fbem-12163	16	59	.	.	PUNCT
fbem-12163	17	1	the	the	DET
fbem-12163	17	2	research	research	NOUN
fbem-12163	17	3	results	result	NOUN
fbem-12163	17	4	show	show	VERB
fbem-12163	17	5	that	that	SCONJ
fbem-12163	17	6	non	non	ADJ
fbem-12163	17	7	-	-	ADJ
fbem-12163	17	8	traded	traded	ADJ
fbem-12163	17	9	products	product	NOUN
fbem-12163	17	10	will	will	AUX
fbem-12163	17	11	cause	cause	VERB
fbem-12163	17	12	short	short	ADJ
fbem-12163	17	13	-	-	PUNCT
fbem-12163	17	14	term	term	NOUN
fbem-12163	17	15	deviation	deviation	NOUN
fbem-12163	17	16	of	of	ADP
fbem-12163	17	17	purchasing	purchase	VERB
fbem-12163	17	18	power	power	NOUN
fbem-12163	17	19	parity	parity	NOUN
fbem-12163	17	20	under	under	ADP
fbem-12163	17	21	the	the	DET
fbem-12163	17	22	action	action	NOUN
fbem-12163	17	23	of	of	ADP
fbem-12163	17	24	asymmetric	asymmetric	ADJ
fbem-12163	17	25	currency	currency	NOUN
fbem-12163	17	26	shock	shock	NOUN
fbem-12163	17	27	,	,	PUNCT
fbem-12163	17	28	which	which	PRON
fbem-12163	17	29	will	will	AUX
fbem-12163	17	30	aggravate	aggravate	VERB
fbem-12163	17	31	the	the	DET
fbem-12163	17	32	exchange	exchange	NOUN
fbem-12163	17	33	rate	rate	NOUN
fbem-12163	17	34	fluctuations	fluctuation	NOUN
fbem-12163	17	35	.	.	PUNCT
fbem-12163	18	1	at	at	ADP
fbem-12163	18	2	the	the	DET
fbem-12163	18	3	same	same	ADJ
fbem-12163	18	4	time	time	NOUN
fbem-12163	18	5	,	,	PUNCT
fbem-12163	18	6	drozd	drozd	PROPN
fbem-12163	18	7	&	&	CCONJ
fbem-12163	18	8	on	on	ADP
fbem-12163	18	9	this	this	DET
fbem-12163	18	10	basis	basis	NOUN
fbem-12163	18	11	&	&	CCONJ
fbem-12163	18	12	nosal	nosal	PROPN
fbem-12163	18	13	(	(	PUNCT
fbem-12163	18	14	2008	2008	NUM
fbem-12163	18	15	)	)	PUNCT
fbem-12163	18	16	pointed	point	VERB
fbem-12163	18	17	out	out	ADP
fbem-12163	18	18	that	that	SCONJ
fbem-12163	18	19	in	in	ADP
fbem-12163	18	20	order	order	NOUN
fbem-12163	18	21	to	to	PART
fbem-12163	18	22	maintain	maintain	VERB
fbem-12163	18	23	market	market	NOUN
fbem-12163	18	24	share	share	NOUN
fbem-12163	18	25	,	,	PUNCT
fbem-12163	18	26	manufacturers	manufacturer	NOUN
fbem-12163	18	27	will	will	AUX
fbem-12163	18	28	maintain	maintain	VERB
fbem-12163	18	29	the	the	DET
fbem-12163	18	30	law	law	NOUN
fbem-12163	18	31	of	of	ADP
fbem-12163	18	32	one	one	NUM
fbem-12163	18	33	price	price	NOUN
fbem-12163	18	34	of	of	ADP
fbem-12163	18	35	tradable	tradable	ADJ
fbem-12163	18	36	goods	good	NOUN
fbem-12163	18	37	,	,	PUNCT
fbem-12163	18	38	so	so	CCONJ
fbem-12163	18	39	the	the	DET
fbem-12163	18	40	increase	increase	NOUN
fbem-12163	18	41	of	of	ADP
fbem-12163	18	42	tradable	tradable	ADJ
fbem-12163	18	43	goods	good	NOUN
fbem-12163	18	44	can	can	AUX
fbem-12163	18	45	reduce	reduce	VERB
fbem-12163	18	46	the	the	DET
fbem-12163	18	47	real	real	ADJ
fbem-12163	18	48	exchange	exchange	NOUN
fbem-12163	18	49	rate	rate	NOUN
fbem-12163	18	50	fluctuations[4].the	fluctuations[4].the	DET
fbem-12163	18	51	empirical	empirical	ADJ
fbem-12163	18	52	analysis	analysis	NOUN
fbem-12163	18	53	based	base	VERB
fbem-12163	18	54	on	on	ADP
fbem-12163	18	55	the	the	DET
fbem-12163	18	56	redux	redux	PROPN
fbem-12163	18	57	model	model	NOUN
fbem-12163	18	58	of	of	ADP
fbem-12163	18	59	hau	hau	PROPN
fbem-12163	18	60	(	(	PUNCT
fbem-12163	18	61	2002	2002	NUM
fbem-12163	18	62	)	)	PUNCT
fbem-12163	18	63	found	find	VERB
fbem-12163	18	64	that	that	SCONJ
fbem-12163	18	65	there	there	PRON
fbem-12163	18	66	was	be	VERB
fbem-12163	18	67	a	a	DET
fbem-12163	18	68	significant	significant	ADJ
fbem-12163	18	69	negative	negative	ADJ
fbem-12163	18	70	relationship	relationship	NOUN
fbem-12163	18	71	between	between	ADP
fbem-12163	18	72	trade	trade	NOUN
fbem-12163	18	73	opening	opening	NOUN
fbem-12163	18	74	and	and	CCONJ
fbem-12163	18	75	real	real	ADJ
fbem-12163	18	76	effective	effective	ADJ
fbem-12163	18	77	exchange	exchange	NOUN
fbem-12163	18	78	rate	rate	NOUN
fbem-12163	18	79	fluctuations[5].yang	fluctuations[5].yang	PROPN
fbem-12163	18	80	changjiang	changjiang	PROPN
fbem-12163	18	81	and	and	CCONJ
fbem-12163	18	82	cheng	cheng	PROPN
fbem-12163	18	83	feng	feng	PROPN
fbem-12163	18	84	(	(	PUNCT
fbem-12163	18	85	2010	2010	NUM
fbem-12163	18	86	)	)	PUNCT
fbem-12163	18	87	studied	study	VERB
fbem-12163	18	88	and	and	CCONJ
fbem-12163	18	89	analyzed	analyze	VERB
fbem-12163	18	90	the	the	DET
fbem-12163	18	91	different	different	ADJ
fbem-12163	18	92	effects	effect	NOUN
fbem-12163	18	93	of	of	ADP
fbem-12163	18	94	traded	trade	VERB
fbem-12163	18	95	goods	good	NOUN
fbem-12163	18	96	and	and	CCONJ
fbem-12163	18	97	non	non	ADJ
fbem-12163	18	98	-	-	ADJ
fbem-12163	18	99	traded	traded	ADJ
fbem-12163	18	100	goods	good	NOUN
fbem-12163	18	101	on	on	ADP
fbem-12163	18	102	the	the	DET
fbem-12163	18	103	real	real	ADJ
fbem-12163	18	104	effective	effective	ADJ
fbem-12163	18	105	exchange	exchange	NOUN
fbem-12163	18	106	rate	rate	NOUN
fbem-12163	18	107	fluctuations	fluctuation	NOUN
fbem-12163	18	108	of	of	ADP
fbem-12163	18	109	rmb[6].tang	rmb[6].tang	NOUN
fbem-12163	18	110	yahui	yahui	PROPN
fbem-12163	18	111	and	and	CCONJ
fbem-12163	18	112	chen	chen	PROPN
fbem-12163	18	113	shoudong	shoudong	PROPN
fbem-12163	18	114	(	(	PUNCT
fbem-12163	18	115	2010	2010	NUM
fbem-12163	18	116	)	)	PUNCT
fbem-12163	18	117	found	find	VERB
fbem-12163	18	118	that	that	SCONJ
fbem-12163	18	119	there	there	PRON
fbem-12163	18	120	is	be	VERB
fbem-12163	18	121	a	a	DET
fbem-12163	18	122	nonlinear	nonlinear	ADJ
fbem-12163	18	123	co	co	NOUN
fbem-12163	18	124	-	-	NOUN
fbem-12163	18	125	integration	integration	NOUN
fbem-12163	18	126	relationship	relationship	NOUN
fbem-12163	18	127	between	between	ADP
fbem-12163	18	128	the	the	DET
fbem-12163	18	129	real	real	ADJ
fbem-12163	18	130	effective	effective	ADJ
fbem-12163	18	131	exchange	exchange	NOUN
fbem-12163	18	132	rate	rate	NOUN
fbem-12163	18	133	and	and	CCONJ
fbem-12163	18	134	trade	trade	NOUN
fbem-12163	18	135	opening[7].calderon	opening[7].calderon	PROPN
fbem-12163	18	136	&	&	CCONJ
fbem-12163	18	137	kubota	kubota	PROPN
fbem-12163	18	138	(	(	PUNCT
fbem-12163	18	139	2017	2017	NUM
fbem-12163	18	140	)	)	PUNCT
fbem-12163	18	141	studied	study	VERB
fbem-12163	18	142	and	and	CCONJ
fbem-12163	18	143	analyzed	analyze	VERB
fbem-12163	18	144	the	the	DET
fbem-12163	18	145	impact	impact	NOUN
fbem-12163	18	146	of	of	ADP
fbem-12163	18	147	the	the	DET
fbem-12163	18	148	overall	overall	ADJ
fbem-12163	18	149	and	and	CCONJ
fbem-12163	18	150	detailed	detailed	ADJ
fbem-12163	18	151	indicators	indicator	NOUN
fbem-12163	18	152	of	of	ADP
fbem-12163	18	153	trade	trade	NOUN
fbem-12163	18	154	opening	opening	NOUN
fbem-12163	18	155	on	on	ADP
fbem-12163	18	156	the	the	DET
fbem-12163	18	157	real	real	ADJ
fbem-12163	18	158	effective	effective	ADJ
fbem-12163	18	159	exchange	exchange	NOUN
fbem-12163	18	160	rate	rate	NOUN
fbem-12163	18	161	fluctuations	fluctuation	NOUN
fbem-12163	18	162	,	,	PUNCT
fbem-12163	18	163	and	and	CCONJ
fbem-12163	18	164	believed	believe	VERB
fbem-12163	18	165	that	that	SCONJ
fbem-12163	18	166	the	the	DET
fbem-12163	18	167	trade	trade	NOUN
fbem-12163	18	168	opening	opening	NOUN
fbem-12163	18	169	of	of	ADP
fbem-12163	18	170	industrial	industrial	ADJ
fbem-12163	18	171	goods	good	NOUN
fbem-12163	18	172	can	can	AUX
fbem-12163	18	173	reduce	reduce	VERB
fbem-12163	18	174	the	the	DET
fbem-12163	18	175	real	real	ADJ
fbem-12163	18	176	effective	effective	ADJ
fbem-12163	18	177	exchange	exchange	NOUN
fbem-12163	18	178	rate	rate	NOUN
fbem-12163	18	179	fluctuations[8	fluctuations[8	PROPN
fbem-12163	18	180	]	]	X
fbem-12163	18	181	.	.	PUNCT
fbem-12163	19	1	some	some	DET
fbem-12163	19	2	scholars	scholar	NOUN
fbem-12163	19	3	conduct	conduct	VERB
fbem-12163	19	4	their	their	PRON
fbem-12163	19	5	analysis	analysis	NOUN
fbem-12163	19	6	from	from	ADP
fbem-12163	19	7	different	different	ADJ
fbem-12163	19	8	55	55	NUM
fbem-12163	19	9	perspectives.rogoff	perspectives.rogoff	X
fbem-12163	19	10	(	(	PUNCT
fbem-12163	19	11	1999	1999	NUM
fbem-12163	19	12	)	)	PUNCT
fbem-12163	19	13	believes	believe	VERB
fbem-12163	19	14	that	that	SCONJ
fbem-12163	19	15	financial	financial	ADJ
fbem-12163	19	16	integration	integration	NOUN
fbem-12163	19	17	will	will	AUX
fbem-12163	19	18	have	have	VERB
fbem-12163	19	19	an	an	DET
fbem-12163	19	20	impact	impact	NOUN
fbem-12163	19	21	on	on	ADP
fbem-12163	19	22	real	real	ADJ
fbem-12163	19	23	effective	effective	ADJ
fbem-12163	19	24	exchange	exchange	NOUN
fbem-12163	19	25	rate	rate	NOUN
fbem-12163	19	26	fluctuations[9].lane	fluctuations[9].lane	PROPN
fbem-12163	19	27	&	&	CCONJ
fbem-12163	19	28	milesi	milesi	PROPN
fbem-12163	19	29	-	-	PUNCT
fbem-12163	19	30	ferretti	ferretti	PROPN
fbem-12163	19	31	(	(	PUNCT
fbem-12163	19	32	2005	2005	NUM
fbem-12163	19	33	)	)	PUNCT
fbem-12163	19	34	believes	believe	VERB
fbem-12163	19	35	that	that	SCONJ
fbem-12163	19	36	the	the	DET
fbem-12163	19	37	country	country	NOUN
fbem-12163	19	38	's	's	PART
fbem-12163	19	39	foreign	foreign	ADJ
fbem-12163	19	40	debt	debt	NOUN
fbem-12163	19	41	equity	equity	NOUN
fbem-12163	19	42	structure	structure	NOUN
fbem-12163	19	43	will	will	AUX
fbem-12163	19	44	also	also	ADV
fbem-12163	19	45	affect	affect	VERB
fbem-12163	19	46	the	the	DET
fbem-12163	19	47	exchange	exchange	NOUN
fbem-12163	19	48	rate	rate	NOUN
fbem-12163	19	49	fluctuations[10].subsequently	fluctuations[10].subsequently	ADV
fbem-12163	19	50	,	,	PUNCT
fbem-12163	19	51	literature	literature	NOUN
fbem-12163	19	52	on	on	ADP
fbem-12163	19	53	the	the	DET
fbem-12163	19	54	real	real	ADJ
fbem-12163	19	55	effective	effective	ADJ
fbem-12163	19	56	exchange	exchange	NOUN
fbem-12163	19	57	rate	rate	NOUN
fbem-12163	19	58	fluctuations	fluctuation	NOUN
fbem-12163	19	59	of	of	ADP
fbem-12163	19	60	rmb	rmb	NOUN
fbem-12163	19	61	from	from	ADP
fbem-12163	19	62	the	the	DET
fbem-12163	19	63	perspective	perspective	NOUN
fbem-12163	19	64	of	of	ADP
fbem-12163	19	65	monetary	monetary	ADJ
fbem-12163	19	66	,	,	PUNCT
fbem-12163	19	67	fiscal	fiscal	ADJ
fbem-12163	19	68	and	and	CCONJ
fbem-12163	19	69	output	output	NOUN
fbem-12163	19	70	shocks	shock	NOUN
fbem-12163	19	71	(	(	PUNCT
fbem-12163	19	72	wu	wu	NOUN
fbem-12163	19	73	anbing	anbing	NOUN
fbem-12163	19	74	and	and	CCONJ
fbem-12163	19	75	jin	jin	NOUN
fbem-12163	19	76	chunyu	chunyu	NOUN
fbem-12163	19	77	,	,	PUNCT
fbem-12163	19	78	2019	2019	NUM
fbem-12163	19	79	,	,	PUNCT
fbem-12163	19	80	etc	etc	X
fbem-12163	19	81	.	.	X
fbem-12163	19	82	)	)	PUNCT
fbem-12163	19	83	has	have	VERB
fbem-12163	19	84	emerged[11].there	emerged[11].there	NOUN
fbem-12163	19	85	is	be	AUX
fbem-12163	19	86	also	also	ADV
fbem-12163	19	87	literature	literature	NOUN
fbem-12163	19	88	on	on	ADP
fbem-12163	19	89	price	price	NOUN
fbem-12163	19	90	stickiness	stickiness	NOUN
fbem-12163	19	91	(	(	PUNCT
fbem-12163	19	92	taylor	taylor	PROPN
fbem-12163	19	93	&	&	CCONJ
fbem-12163	19	94	taylor	taylor	PROPN
fbem-12163	19	95	,	,	PUNCT
fbem-12163	19	96	2004	2004	NUM
fbem-12163	19	97	)	)	PUNCT
fbem-12163	19	98	,	,	PUNCT
fbem-12163	19	99	population	population	NOUN
fbem-12163	19	100	age	age	NOUN
fbem-12163	19	101	structure	structure	NOUN
fbem-12163	19	102	(	(	PUNCT
fbem-12163	19	103	yang	yang	PROPN
fbem-12163	19	104	changjiang	changjiang	PROPN
fbem-12163	19	105	,	,	PUNCT
fbem-12163	19	106	huangfu	huangfu	PROPN
fbem-12163	19	107	bingchao	bingchao	PROPN
fbem-12163	19	108	,	,	PUNCT
fbem-12163	19	109	2010	2010	NUM
fbem-12163	19	110	)	)	PUNCT
fbem-12163	19	111	and	and	CCONJ
fbem-12163	19	112	other	other	ADJ
fbem-12163	19	113	different	different	ADJ
fbem-12163	19	114	aspects	aspect	NOUN
fbem-12163	19	115	of	of	ADP
fbem-12163	19	116	the	the	DET
fbem-12163	19	117	real	real	ADJ
fbem-12163	19	118	effective	effective	ADJ
fbem-12163	19	119	exchange	exchange	NOUN
fbem-12163	19	120	rate	rate	NOUN
fbem-12163	19	121	fluctuations[12,13	fluctuations[12,13	PROPN
fbem-12163	19	122	]	]	PUNCT
fbem-12163	19	123	.	.	PUNCT
fbem-12163	20	1	through	through	ADP
fbem-12163	20	2	the	the	DET
fbem-12163	20	3	review	review	NOUN
fbem-12163	20	4	of	of	ADP
fbem-12163	20	5	the	the	DET
fbem-12163	20	6	existing	exist	VERB
fbem-12163	20	7	literature	literature	NOUN
fbem-12163	20	8	,	,	PUNCT
fbem-12163	20	9	the	the	DET
fbem-12163	20	10	research	research	NOUN
fbem-12163	20	11	on	on	ADP
fbem-12163	20	12	the	the	DET
fbem-12163	20	13	influencing	influence	VERB
fbem-12163	20	14	factors	factor	NOUN
fbem-12163	20	15	of	of	ADP
fbem-12163	20	16	actual	actual	ADJ
fbem-12163	20	17	exchange	exchange	NOUN
fbem-12163	20	18	rate	rate	NOUN
fbem-12163	20	19	fluctuations	fluctuation	NOUN
fbem-12163	20	20	is	be	AUX
fbem-12163	20	21	mainly	mainly	ADV
fbem-12163	20	22	reflected	reflect	VERB
fbem-12163	20	23	in	in	ADP
fbem-12163	20	24	these	these	DET
fbem-12163	20	25	two	two	NUM
fbem-12163	20	26	aspects	aspect	NOUN
fbem-12163	20	27	:	:	PUNCT
fbem-12163	20	28	on	on	ADP
fbem-12163	20	29	the	the	DET
fbem-12163	20	30	one	one	NUM
fbem-12163	20	31	hand	hand	NOUN
fbem-12163	20	32	,	,	PUNCT
fbem-12163	20	33	the	the	DET
fbem-12163	20	34	domestic	domestic	ADJ
fbem-12163	20	35	literature	literature	NOUN
fbem-12163	20	36	studies	study	VERB
fbem-12163	20	37	the	the	DET
fbem-12163	20	38	impact	impact	NOUN
fbem-12163	20	39	of	of	ADP
fbem-12163	20	40	rmb	rmb	PROPN
fbem-12163	20	41	exchange	exchange	NOUN
fbem-12163	20	42	rate	rate	NOUN
fbem-12163	20	43	fluctuations	fluctuation	NOUN
fbem-12163	20	44	and	and	CCONJ
fbem-12163	20	45	other	other	ADJ
fbem-12163	20	46	aspects	aspect	NOUN
fbem-12163	20	47	;	;	PUNCT
fbem-12163	20	48	on	on	ADP
fbem-12163	20	49	the	the	DET
fbem-12163	20	50	background	background	NOUN
fbem-12163	20	51	of	of	ADP
fbem-12163	20	52	the	the	DET
fbem-12163	20	53	new	new	ADJ
fbem-12163	20	54	normal	normal	NOUN
fbem-12163	20	55	of	of	ADP
fbem-12163	20	56	current	current	ADJ
fbem-12163	20	57	economic	economic	ADJ
fbem-12163	20	58	development	development	NOUN
fbem-12163	20	59	and	and	CCONJ
fbem-12163	20	60	the	the	DET
fbem-12163	20	61	continuous	continuous	ADJ
fbem-12163	20	62	upgrading	upgrading	NOUN
fbem-12163	20	63	of	of	ADP
fbem-12163	20	64	china	china	PROPN
fbem-12163	20	65	's	's	PART
fbem-12163	20	66	industrial	industrial	ADJ
fbem-12163	20	67	structure	structure	NOUN
fbem-12163	20	68	,	,	PUNCT
fbem-12163	20	69	the	the	DET
fbem-12163	20	70	development	development	NOUN
fbem-12163	20	71	of	of	ADP
fbem-12163	20	72	"	"	PUNCT
fbem-12163	20	73	belt	belt	NOUN
fbem-12163	20	74	and	and	CCONJ
fbem-12163	20	75	road	road	NOUN
fbem-12163	20	76	"	"	PUNCT
fbem-12163	20	77	will	will	AUX
fbem-12163	20	78	have	have	VERB
fbem-12163	20	79	a	a	DET
fbem-12163	20	80	certain	certain	ADJ
fbem-12163	20	81	impact	impact	NOUN
fbem-12163	20	82	on	on	ADP
fbem-12163	20	83	china	china	PROPN
fbem-12163	20	84	's	's	PART
fbem-12163	20	85	import	import	NOUN
fbem-12163	20	86	and	and	CCONJ
fbem-12163	20	87	export	export	NOUN
fbem-12163	20	88	trade.therefore	trade.therefore	NOUN
fbem-12163	20	89	,	,	PUNCT
fbem-12163	20	90	this	this	DET
fbem-12163	20	91	paper	paper	NOUN
fbem-12163	20	92	mainly	mainly	ADV
fbem-12163	20	93	improves	improve	VERB
fbem-12163	20	94	from	from	ADP
fbem-12163	20	95	the	the	DET
fbem-12163	20	96	following	following	ADJ
fbem-12163	20	97	points	point	NOUN
fbem-12163	20	98	:	:	PUNCT
fbem-12163	20	99	first	first	ADV
fbem-12163	20	100	,	,	PUNCT
fbem-12163	20	101	the	the	DET
fbem-12163	20	102	main	main	ADJ
fbem-12163	20	103	starting	starting	NOUN
fbem-12163	20	104	point	point	NOUN
fbem-12163	20	105	of	of	ADP
fbem-12163	20	106	this	this	DET
fbem-12163	20	107	paper	paper	NOUN
fbem-12163	20	108	is	be	AUX
fbem-12163	20	109	to	to	PART
fbem-12163	20	110	study	study	VERB
fbem-12163	20	111	the	the	DET
fbem-12163	20	112	impact	impact	NOUN
fbem-12163	20	113	of	of	ADP
fbem-12163	20	114	trade	trade	NOUN
fbem-12163	20	115	opening	opening	NOUN
fbem-12163	20	116	on	on	ADP
fbem-12163	20	117	the	the	DET
fbem-12163	20	118	real	real	ADJ
fbem-12163	20	119	effective	effective	ADJ
fbem-12163	20	120	exchange	exchange	NOUN
fbem-12163	20	121	rate	rate	NOUN
fbem-12163	20	122	fluctuation	fluctuation	NOUN
fbem-12163	20	123	of	of	ADP
fbem-12163	20	124	rmb	rmb	PROPN
fbem-12163	20	125	under	under	ADP
fbem-12163	20	126	the	the	DET
fbem-12163	20	127	action	action	NOUN
fbem-12163	20	128	of	of	ADP
fbem-12163	20	129	various	various	ADJ
fbem-12163	20	130	shocks.after	shocks.after	PROPN
fbem-12163	20	131	considering	consider	VERB
fbem-12163	20	132	the	the	DET
fbem-12163	20	133	difference	difference	NOUN
fbem-12163	20	134	between	between	ADP
fbem-12163	20	135	the	the	DET
fbem-12163	20	136	trade	trade	NOUN
fbem-12163	20	137	import	import	NOUN
fbem-12163	20	138	and	and	CCONJ
fbem-12163	20	139	export	export	NOUN
fbem-12163	20	140	data	datum	NOUN
fbem-12163	20	141	of	of	ADP
fbem-12163	20	142	the	the	DET
fbem-12163	20	143	provinces	province	NOUN
fbem-12163	20	144	(	(	PUNCT
fbem-12163	20	145	autonomous	autonomous	ADJ
fbem-12163	20	146	regions	region	NOUN
fbem-12163	20	147	and	and	CCONJ
fbem-12163	20	148	municipalities	municipality	NOUN
fbem-12163	20	149	directly	directly	ADV
fbem-12163	20	150	under	under	ADP
fbem-12163	20	151	the	the	DET
fbem-12163	20	152	central	central	ADJ
fbem-12163	20	153	government	government	NOUN
fbem-12163	20	154	)	)	PUNCT
fbem-12163	20	155	and	and	CCONJ
fbem-12163	20	156	the	the	DET
fbem-12163	20	157	actual	actual	ADJ
fbem-12163	20	158	price	price	NOUN
fbem-12163	20	159	level	level	NOUN
fbem-12163	20	160	,	,	PUNCT
fbem-12163	20	161	the	the	DET
fbem-12163	20	162	volatility	volatility	NOUN
fbem-12163	20	163	of	of	ADP
fbem-12163	20	164	the	the	DET
fbem-12163	20	165	real	real	ADJ
fbem-12163	20	166	effective	effective	ADJ
fbem-12163	20	167	exchange	exchange	NOUN
fbem-12163	20	168	rate	rate	NOUN
fbem-12163	20	169	of	of	ADP
fbem-12163	20	170	rmb	rmb	PROPN
fbem-12163	20	171	shows	show	VERB
fbem-12163	20	172	a	a	DET
fbem-12163	20	173	similar	similar	ADJ
fbem-12163	20	174	but	but	CCONJ
fbem-12163	20	175	not	not	PART
fbem-12163	20	176	overlapping	overlap	VERB
fbem-12163	20	177	trend	trend	NOUN
fbem-12163	20	178	,	,	PUNCT
fbem-12163	20	179	which	which	PRON
fbem-12163	20	180	is	be	AUX
fbem-12163	20	181	of	of	ADP
fbem-12163	20	182	certain	certain	ADJ
fbem-12163	20	183	significance	significance	NOUN
fbem-12163	20	184	for	for	ADP
fbem-12163	20	185	the	the	DET
fbem-12163	20	186	prevention	prevention	NOUN
fbem-12163	20	187	and	and	CCONJ
fbem-12163	20	188	study	study	NOUN
fbem-12163	20	189	of	of	ADP
fbem-12163	20	190	the	the	DET
fbem-12163	20	191	effective	effective	ADJ
fbem-12163	20	192	fluctuation	fluctuation	NOUN
fbem-12163	20	193	of	of	ADP
fbem-12163	20	194	the	the	DET
fbem-12163	20	195	rmb	rmb	NOUN
fbem-12163	20	196	real	real	ADJ
fbem-12163	20	197	exchange	exchange	PROPN
fbem-12163	20	198	rate.second	rate.second	PROPN
fbem-12163	20	199	,	,	PUNCT
fbem-12163	20	200	this	this	DET
fbem-12163	20	201	paper	paper	NOUN
fbem-12163	20	202	is	be	AUX
fbem-12163	20	203	based	base	VERB
fbem-12163	20	204	on	on	ADP
fbem-12163	20	205	the	the	DET
fbem-12163	20	206	study	study	NOUN
fbem-12163	20	207	of	of	ADP
fbem-12163	20	208	trade	trade	NOUN
fbem-12163	20	209	opening	opening	NOUN
fbem-12163	20	210	on	on	ADP
fbem-12163	20	211	the	the	DET
fbem-12163	20	212	change	change	NOUN
fbem-12163	20	213	of	of	ADP
fbem-12163	20	214	industrial	industrial	ADJ
fbem-12163	20	215	structure	structure	NOUN
fbem-12163	20	216	and	and	CCONJ
fbem-12163	20	217	the	the	DET
fbem-12163	20	218	impact	impact	NOUN
fbem-12163	20	219	of	of	ADP
fbem-12163	20	220	"	"	PUNCT
fbem-12163	20	221	belt	belt	NOUN
fbem-12163	20	222	and	and	CCONJ
fbem-12163	20	223	road	road	NOUN
fbem-12163	20	224	"	"	PUNCT
fbem-12163	20	225	initiative	initiative	NOUN
fbem-12163	20	226	on	on	ADP
fbem-12163	20	227	the	the	DET
fbem-12163	20	228	effective	effective	ADJ
fbem-12163	20	229	fluctuation	fluctuation	NOUN
fbem-12163	20	230	of	of	ADP
fbem-12163	20	231	rmb	rmb	PROPN
fbem-12163	20	232	real	real	ADJ
fbem-12163	20	233	exchange	exchange	NOUN
fbem-12163	20	234	rate	rate	NOUN
fbem-12163	20	235	.	.	PUNCT
fbem-12163	21	1	3	3	X
fbem-12163	21	2	.	.	X
fbem-12163	21	3	connotation	connotation	NOUN
fbem-12163	21	4	and	and	CCONJ
fbem-12163	21	5	theoretical	theoretical	ADJ
fbem-12163	21	6	mechanism	mechanism	NOUN
fbem-12163	21	7	of	of	ADP
fbem-12163	21	8	rmb	rmb	PROPN
fbem-12163	21	9	real	real	ADJ
fbem-12163	21	10	effective	effective	ADJ
fbem-12163	21	11	exchange	exchange	NOUN
fbem-12163	21	12	rate	rate	NOUN
fbem-12163	21	13	3.1	3.1	NUM
fbem-12163	21	14	.	.	PUNCT
fbem-12163	22	1	connotation	connotation	NOUN
fbem-12163	22	2	of	of	ADP
fbem-12163	22	3	the	the	DET
fbem-12163	22	4	rmb	rmb	NOUN
fbem-12163	22	5	real	real	ADJ
fbem-12163	22	6	effective	effective	ADJ
fbem-12163	22	7	exchange	exchange	NOUN
fbem-12163	22	8	rate	rate	NOUN
fbem-12163	22	9	the	the	DET
fbem-12163	22	10	real	real	ADJ
fbem-12163	22	11	effective	effective	ADJ
fbem-12163	22	12	exchange	exchange	NOUN
fbem-12163	22	13	rate	rate	NOUN
fbem-12163	22	14	of	of	ADP
fbem-12163	22	15	rmb	rmb	NOUN
fbem-12163	22	16	mainly	mainly	ADV
fbem-12163	22	17	refers	refer	VERB
fbem-12163	22	18	to	to	ADP
fbem-12163	22	19	the	the	DET
fbem-12163	22	20	relative	relative	ADJ
fbem-12163	22	21	price	price	NOUN
fbem-12163	22	22	of	of	ADP
fbem-12163	22	23	goods	good	NOUN
fbem-12163	22	24	and	and	CCONJ
fbem-12163	22	25	services	service	NOUN
fbem-12163	22	26	between	between	ADP
fbem-12163	22	27	china	china	PROPN
fbem-12163	22	28	and	and	CCONJ
fbem-12163	22	29	other	other	ADJ
fbem-12163	22	30	countries	country	NOUN
fbem-12163	22	31	.	.	PUNCT
fbem-12163	23	1	usually	usually	ADV
fbem-12163	23	2	,	,	PUNCT
fbem-12163	23	3	the	the	DET
fbem-12163	23	4	effective	effective	ADJ
fbem-12163	23	5	exchange	exchange	NOUN
fbem-12163	23	6	rate	rate	NOUN
fbem-12163	23	7	is	be	AUX
fbem-12163	23	8	one	one	NUM
fbem-12163	23	9	of	of	ADP
fbem-12163	23	10	the	the	DET
fbem-12163	23	11	weighted	weight	VERB
fbem-12163	23	12	average	average	ADJ
fbem-12163	23	13	exchange	exchange	NOUN
fbem-12163	23	14	rate	rate	NOUN
fbem-12163	23	15	,	,	PUNCT
fbem-12163	23	16	most	most	ADJ
fbem-12163	23	17	of	of	ADP
fbem-12163	23	18	which	which	PRON
fbem-12163	23	19	takes	take	VERB
fbem-12163	23	20	the	the	DET
fbem-12163	23	21	proportion	proportion	NOUN
fbem-12163	23	22	of	of	ADP
fbem-12163	23	23	foreign	foreign	ADJ
fbem-12163	23	24	trade	trade	NOUN
fbem-12163	23	25	as	as	ADP
fbem-12163	23	26	the	the	DET
fbem-12163	23	27	weight	weight	NOUN
fbem-12163	23	28	.	.	PUNCT
fbem-12163	24	1	at	at	ADP
fbem-12163	24	2	the	the	DET
fbem-12163	24	3	same	same	ADJ
fbem-12163	24	4	time	time	NOUN
fbem-12163	24	5	,	,	PUNCT
fbem-12163	24	6	the	the	DET
fbem-12163	24	7	effective	effective	ADJ
fbem-12163	24	8	exchange	exchange	NOUN
fbem-12163	24	9	rate	rate	NOUN
fbem-12163	24	10	is	be	AUX
fbem-12163	24	11	also	also	ADV
fbem-12163	24	12	an	an	DET
fbem-12163	24	13	important	important	ADJ
fbem-12163	24	14	indicator	indicator	NOUN
fbem-12163	24	15	to	to	PART
fbem-12163	24	16	measure	measure	VERB
fbem-12163	24	17	economic	economic	ADJ
fbem-12163	24	18	development	development	NOUN
fbem-12163	24	19	and	and	CCONJ
fbem-12163	24	20	trade	trade	NOUN
fbem-12163	24	21	export	export	NOUN
fbem-12163	24	22	,	,	PUNCT
fbem-12163	24	23	and	and	CCONJ
fbem-12163	24	24	the	the	DET
fbem-12163	24	25	effective	effective	ADJ
fbem-12163	24	26	exchange	exchange	NOUN
fbem-12163	24	27	rate	rate	NOUN
fbem-12163	24	28	is	be	AUX
fbem-12163	24	29	used	use	VERB
fbem-12163	24	30	to	to	PART
fbem-12163	24	31	measure	measure	VERB
fbem-12163	24	32	the	the	DET
fbem-12163	24	33	international	international	ADJ
fbem-12163	24	34	competitiveness	competitiveness	NOUN
fbem-12163	24	35	of	of	ADP
fbem-12163	24	36	a	a	DET
fbem-12163	24	37	country	country	NOUN
fbem-12163	24	38	's	's	PART
fbem-12163	24	39	commodity	commodity	NOUN
fbem-12163	24	40	trade	trade	NOUN
fbem-12163	24	41	.	.	PUNCT
fbem-12163	25	1	at	at	ADP
fbem-12163	25	2	the	the	DET
fbem-12163	25	3	same	same	ADJ
fbem-12163	25	4	time	time	NOUN
fbem-12163	25	5	,	,	PUNCT
fbem-12163	25	6	the	the	DET
fbem-12163	25	7	effective	effective	ADJ
fbem-12163	25	8	exchange	exchange	NOUN
fbem-12163	25	9	rate	rate	NOUN
fbem-12163	25	10	is	be	AUX
fbem-12163	25	11	also	also	ADV
fbem-12163	25	12	an	an	DET
fbem-12163	25	13	important	important	ADJ
fbem-12163	25	14	indicator	indicator	NOUN
fbem-12163	25	15	to	to	PART
fbem-12163	25	16	warn	warn	VERB
fbem-12163	25	17	the	the	DET
fbem-12163	25	18	currency	currency	NOUN
fbem-12163	25	19	crisis	crisis	NOUN
fbem-12163	25	20	of	of	ADP
fbem-12163	25	21	countries	country	NOUN
fbem-12163	25	22	,	,	PUNCT
fbem-12163	25	23	and	and	CCONJ
fbem-12163	25	24	can	can	AUX
fbem-12163	25	25	also	also	ADV
fbem-12163	25	26	be	be	AUX
fbem-12163	25	27	applied	apply	VERB
fbem-12163	25	28	to	to	PART
fbem-12163	25	29	study	study	VERB
fbem-12163	25	30	the	the	DET
fbem-12163	25	31	relative	relative	ADJ
fbem-12163	25	32	comparison	comparison	NOUN
fbem-12163	25	33	between	between	ADP
fbem-12163	25	34	the	the	DET
fbem-12163	25	35	living	live	VERB
fbem-12163	25	36	standard	standard	NOUN
fbem-12163	25	37	of	of	ADP
fbem-12163	25	38	a	a	DET
fbem-12163	25	39	country	country	NOUN
fbem-12163	25	40	and	and	CCONJ
fbem-12163	25	41	the	the	DET
fbem-12163	25	42	residents	resident	NOUN
fbem-12163	25	43	of	of	ADP
fbem-12163	25	44	other	other	ADJ
fbem-12163	25	45	countries	country	NOUN
fbem-12163	25	46	.	.	PUNCT
fbem-12163	26	1	usually	usually	ADV
fbem-12163	26	2	,	,	PUNCT
fbem-12163	26	3	the	the	DET
fbem-12163	26	4	effective	effective	ADJ
fbem-12163	26	5	exchange	exchange	NOUN
fbem-12163	26	6	rate	rate	NOUN
fbem-12163	26	7	is	be	AUX
fbem-12163	26	8	mainly	mainly	ADV
fbem-12163	26	9	divided	divide	VERB
fbem-12163	26	10	into	into	ADP
fbem-12163	26	11	real	real	ADJ
fbem-12163	26	12	effective	effective	ADJ
fbem-12163	26	13	exchange	exchange	NOUN
fbem-12163	26	14	rate	rate	NOUN
fbem-12163	26	15	and	and	CCONJ
fbem-12163	26	16	nominal	nominal	ADJ
fbem-12163	26	17	effective	effective	ADJ
fbem-12163	26	18	exchange	exchange	NOUN
fbem-12163	26	19	rate	rate	NOUN
fbem-12163	26	20	.	.	PUNCT
fbem-12163	27	1	a	a	DET
fbem-12163	27	2	country	country	NOUN
fbem-12163	27	3	's	's	PART
fbem-12163	27	4	nominal	nominal	ADJ
fbem-12163	27	5	effective	effective	ADJ
fbem-12163	27	6	exchange	exchange	NOUN
fbem-12163	27	7	rate	rate	NOUN
fbem-12163	27	8	is	be	AUX
fbem-12163	27	9	the	the	DET
fbem-12163	27	10	weighted	weighted	ADJ
fbem-12163	27	11	average	average	NOUN
fbem-12163	27	12	of	of	ADP
fbem-12163	27	13	the	the	DET
fbem-12163	27	14	bilateral	bilateral	ADJ
fbem-12163	27	15	nominal	nominal	ADJ
fbem-12163	27	16	exchange	exchange	NOUN
fbem-12163	27	17	rate	rate	NOUN
fbem-12163	27	18	of	of	ADP
fbem-12163	27	19	the	the	DET
fbem-12163	27	20	country	country	NOUN
fbem-12163	27	21	's	's	PART
fbem-12163	27	22	currency	currency	NOUN
fbem-12163	27	23	and	and	CCONJ
fbem-12163	27	24	all	all	DET
fbem-12163	27	25	other	other	ADJ
fbem-12163	27	26	trading	trading	NOUN
fbem-12163	27	27	countries	country	NOUN
fbem-12163	27	28	,	,	PUNCT
fbem-12163	27	29	which	which	PRON
fbem-12163	27	30	is	be	AUX
fbem-12163	27	31	the	the	DET
fbem-12163	27	32	familiar	familiar	ADJ
fbem-12163	27	33	real	real	ADJ
fbem-12163	27	34	effective	effective	ADJ
fbem-12163	27	35	exchange	exchange	NOUN
fbem-12163	27	36	rate	rate	NOUN
fbem-12163	27	37	if	if	SCONJ
fbem-12163	27	38	the	the	DET
fbem-12163	27	39	impact	impact	NOUN
fbem-12163	27	40	of	of	ADP
fbem-12163	27	41	inflation	inflation	NOUN
fbem-12163	27	42	is	be	AUX
fbem-12163	27	43	excluded	exclude	VERB
fbem-12163	27	44	.	.	PUNCT
fbem-12163	28	1	the	the	DET
fbem-12163	28	2	real	real	ADJ
fbem-12163	28	3	effective	effective	ADJ
fbem-12163	28	4	exchange	exchange	NOUN
fbem-12163	28	5	rate	rate	NOUN
fbem-12163	28	6	will	will	AUX
fbem-12163	28	7	not	not	PART
fbem-12163	28	8	only	only	ADV
fbem-12163	28	9	comprehensively	comprehensively	ADV
fbem-12163	28	10	consider	consider	VERB
fbem-12163	28	11	all	all	DET
fbem-12163	28	12	the	the	DET
fbem-12163	28	13	bilateral	bilateral	ADJ
fbem-12163	28	14	nominal	nominal	ADJ
fbem-12163	28	15	exchange	exchange	NOUN
fbem-12163	28	16	rate	rate	NOUN
fbem-12163	28	17	changes	change	NOUN
fbem-12163	28	18	,	,	PUNCT
fbem-12163	28	19	but	but	CCONJ
fbem-12163	28	20	also	also	ADV
fbem-12163	28	21	more	more	ADV
fbem-12163	28	22	comprehensively	comprehensively	ADV
fbem-12163	28	23	reflect	reflect	VERB
fbem-12163	28	24	the	the	DET
fbem-12163	28	25	external	external	ADJ
fbem-12163	28	26	value	value	NOUN
fbem-12163	28	27	of	of	ADP
fbem-12163	28	28	the	the	DET
fbem-12163	28	29	domestic	domestic	ADJ
fbem-12163	28	30	currency	currency	NOUN
fbem-12163	28	31	.	.	PUNCT
fbem-12163	29	1	3.2	3.2	NUM
fbem-12163	29	2	.	.	PUNCT
fbem-12163	29	3	theoretical	theoretical	ADJ
fbem-12163	29	4	mechanism	mechanism	NOUN
fbem-12163	29	5	this	this	DET
fbem-12163	29	6	paper	paper	NOUN
fbem-12163	29	7	uses	use	VERB
fbem-12163	29	8	the	the	DET
fbem-12163	29	9	theoretical	theoretical	ADJ
fbem-12163	29	10	models	model	NOUN
fbem-12163	29	11	of	of	ADP
fbem-12163	29	12	hau	hau	PROPN
fbem-12163	29	13	(	(	PUNCT
fbem-12163	29	14	2000	2000	NUM
fbem-12163	29	15	)	)	PUNCT
fbem-12163	29	16	and	and	CCONJ
fbem-12163	29	17	calderon	calderon	NOUN
fbem-12163	29	18	&	&	CCONJ
fbem-12163	29	19	kubota	kubota	PROPN
fbem-12163	29	20	(	(	PUNCT
fbem-12163	29	21	2017	2017	NUM
fbem-12163	29	22	)	)	PUNCT
fbem-12163	29	23	to	to	PART
fbem-12163	29	24	analyze	analyze	VERB
fbem-12163	29	25	the	the	DET
fbem-12163	29	26	impact	impact	NOUN
fbem-12163	29	27	of	of	ADP
fbem-12163	29	28	trade	trade	NOUN
fbem-12163	29	29	opening	opening	NOUN
fbem-12163	29	30	on	on	ADP
fbem-12163	29	31	real	real	ADJ
fbem-12163	29	32	effective	effective	ADJ
fbem-12163	29	33	exchange	exchange	NOUN
fbem-12163	29	34	rate	rate	NOUN
fbem-12163	29	35	fluctuations[3,8].an	fluctuations[3,8].an	DET
fbem-12163	29	36	economy	economy	NOUN
fbem-12163	29	37	consists	consist	VERB
fbem-12163	29	38	of	of	ADP
fbem-12163	29	39	the	the	DET
fbem-12163	29	40	trade	trade	NOUN
fbem-12163	29	41	and	and	CCONJ
fbem-12163	29	42	non	non	ADJ
fbem-12163	29	43	-	-	ADJ
fbem-12163	29	44	trade	trade	ADJ
fbem-12163	29	45	sectors	sector	NOUN
fbem-12163	29	46	with	with	ADP
fbem-12163	29	47	price	price	NOUN
fbem-12163	29	48	stickiness	stickiness	NOUN
fbem-12163	29	49	,	,	PUNCT
fbem-12163	29	50	and	and	CCONJ
fbem-12163	29	51	the	the	DET
fbem-12163	29	52	trade	trade	NOUN
fbem-12163	29	53	sector	sector	NOUN
fbem-12163	29	54	sets	set	VERB
fbem-12163	29	55	prices	price	NOUN
fbem-12163	29	56	in	in	ADP
fbem-12163	29	57	an	an	DET
fbem-12163	29	58	open	open	ADJ
fbem-12163	29	59	,	,	PUNCT
fbem-12163	29	60	fully	fully	ADV
fbem-12163	29	61	competitive	competitive	ADJ
fbem-12163	29	62	market	market	NOUN
fbem-12163	29	63	and	and	CCONJ
fbem-12163	29	64	has	have	VERB
fbem-12163	29	65	a	a	DET
fbem-12163	29	66	single	single	ADJ
fbem-12163	29	67	homogeneous	homogeneous	ADJ
fbem-12163	29	68	output.a	output.a	ADJ
fbem-12163	29	69	representative	representative	ADJ
fbem-12163	29	70	consumer	consumer	NOUN
fbem-12163	29	71	(	(	PUNCT
fbem-12163	29	72	j	j	NOUN
fbem-12163	29	73	)	)	PUNCT
fbem-12163	29	74	is	be	AUX
fbem-12163	29	75	given	give	VERB
fbem-12163	29	76	a	a	DET
fbem-12163	29	77	given	give	VERB
fbem-12163	29	78	amount	amount	NOUN
fbem-12163	29	79	of	of	ADP
fbem-12163	29	80	tradable	tradable	ADJ
fbem-12163	29	81	goods	good	NOUN
fbem-12163	29	82	(	(	PUNCT
fbem-12163	29	83	yt	yt	NOUN
fbem-12163	29	84	)	)	PUNCT
fbem-12163	29	85	during	during	ADP
fbem-12163	29	86	each	each	DET
fbem-12163	29	87	period	period	NOUN
fbem-12163	29	88	.	.	PUNCT
fbem-12163	30	1	the	the	DET
fbem-12163	30	2	effect	effect	NOUN
fbem-12163	30	3	function	function	NOUN
fbem-12163	30	4	of	of	ADP
fbem-12163	30	5	the	the	DET
fbem-12163	30	6	representative	representative	ADJ
fbem-12163	30	7	consumers	consumer	NOUN
fbem-12163	30	8	is	be	AUX
fbem-12163	30	9	expressed	express	VERB
fbem-12163	30	10	as	as	ADP
fbem-12163	30	11	:	:	PUNCT
fbem-12163	30	12	(	(	PUNCT
fbem-12163	30	13	1	1	X
fbem-12163	30	14	)	)	PUNCT
fbem-12163	30	15	where	where	SCONJ
fbem-12163	30	16	,	,	PUNCT
fbem-12163	30	17	β	β	X
fbem-12163	30	18	[	[	X
fbem-12163	30	19	0,1	0,1	NUM
fbem-12163	30	20	]	]	PUNCT
fbem-12163	30	21	,	,	PUNCT
fbem-12163	30	22	k	k	X
fbem-12163	30	23	>	>	X
fbem-12163	30	24	0	0	PROPN
fbem-12163	30	25	.	.	PUNCT
fbem-12163	31	1	t	t	PROPN
fbem-12163	31	2	and	and	CCONJ
fbem-12163	31	3	n	n	PROPN
fbem-12163	31	4	represent	represent	VERB
fbem-12163	31	5	traded	trade	VERB
fbem-12163	31	6	and	and	CCONJ
fbem-12163	31	7	nontraded	nontraded	ADJ
fbem-12163	31	8	goods	good	NOUN
fbem-12163	31	9	respectively	respectively	ADV
fbem-12163	31	10	,	,	PUNCT
fbem-12163	31	11	c	c	PROPN
fbem-12163	31	12	represents	represent	VERB
fbem-12163	31	13	consumption	consumption	NOUN
fbem-12163	31	14	,	,	PUNCT
fbem-12163	31	15	m	m	VERB
fbem-12163	31	16	is	be	AUX
fbem-12163	31	17	the	the	DET
fbem-12163	31	18	currency	currency	NOUN
fbem-12163	31	19	held	hold	VERB
fbem-12163	31	20	,	,	PUNCT
fbem-12163	31	21	p	p	NOUN
fbem-12163	31	22	is	be	AUX
fbem-12163	31	23	the	the	DET
fbem-12163	31	24	consumer	consumer	NOUN
fbem-12163	31	25	price	price	NOUN
fbem-12163	31	26	index	index	NOUN
fbem-12163	31	27	,	,	PUNCT
fbem-12163	31	28	and	and	CCONJ
fbem-12163	31	29	yn	yn	PROPN
fbem-12163	31	30	is	be	AUX
fbem-12163	31	31	the	the	DET
fbem-12163	31	32	number	number	NOUN
fbem-12163	31	33	of	of	ADP
fbem-12163	31	34	non	non	ADJ
fbem-12163	31	35	-	-	ADJ
fbem-12163	31	36	traded	traded	ADJ
fbem-12163	31	37	goods.p	goods.p	PROPN
fbem-12163	31	38	is	be	AUX
fbem-12163	31	39	the	the	DET
fbem-12163	31	40	consumer	consumer	NOUN
fbem-12163	31	41	price	price	NOUN
fbem-12163	31	42	index	index	NOUN
fbem-12163	31	43	,	,	PUNCT
fbem-12163	31	44	assuming	assume	VERB
fbem-12163	31	45	that	that	SCONJ
fbem-12163	31	46	the	the	DET
fbem-12163	31	47	proportion	proportion	NOUN
fbem-12163	31	48	of	of	ADP
fbem-12163	31	49	traded	trade	VERB
fbem-12163	31	50	goods	good	NOUN
fbem-12163	31	51	is	be	AUX
fbem-12163	31	52	γ	γ	NOUN
fbem-12163	31	53	,	,	PUNCT
fbem-12163	31	54	then	then	ADV
fbem-12163	31	55	the	the	DET
fbem-12163	31	56	consumer	consumer	NOUN
fbem-12163	31	57	price	price	NOUN
fbem-12163	31	58	index	index	NOUN
fbem-12163	31	59	is	be	AUX
fbem-12163	31	60	expressed	express	VERB
fbem-12163	31	61	as	as	ADP
fbem-12163	31	62	p	p	NOUN
fbem-12163	31	63	=	=	NOUN
fbem-12163	31	64	pγtp1	pγtp1	NOUN
fbem-12163	31	65	-	-	PUNCT
fbem-12163	31	66	γn/[γγ(1	γn/[γγ(1	NOUN
fbem-12163	31	67	-	-	PUNCT
fbem-12163	31	68	γ)1	γ)1	NOUN
fbem-12163	31	69	-	-	PUNCT
fbem-12163	31	70	γ].if	γ].if	NOUN
fbem-12163	31	71	the	the	DET
fbem-12163	31	72	law	law	NOUN
fbem-12163	31	73	of	of	ADP
fbem-12163	31	74	one	one	NUM
fbem-12163	31	75	price	price	NOUN
fbem-12163	31	76	holds	hold	VERB
fbem-12163	31	77	for	for	ADP
fbem-12163	31	78	trade	trade	NOUN
fbem-12163	31	79	goods	good	NOUN
fbem-12163	31	80	,	,	PUNCT
fbem-12163	31	81	then	then	ADV
fbem-12163	31	82	pt	pt	PROPN
fbem-12163	31	83	=	=	NOUN
fbem-12163	31	84	ep*t.the	ep*t.the	PRON
fbem-12163	31	85	pn	pn	NOUN
fbem-12163	31	86	is	be	AUX
fbem-12163	31	87	a	a	DET
fbem-12163	31	88	non	non	ADJ
fbem-12163	31	89	-	-	ADJ
fbem-12163	31	90	tradable	tradable	ADJ
fbem-12163	31	91	goods	good	NOUN
fbem-12163	31	92	price	price	NOUN
fbem-12163	31	93	index	index	NOUN
fbem-12163	31	94	.	.	PUNCT
fbem-12163	32	1	the	the	DET
fbem-12163	32	2	cn	cn	PROPN
fbem-12163	32	3	(	(	PUNCT
fbem-12163	32	4	z	z	NOUN
fbem-12163	32	5	)	)	PUNCT
fbem-12163	32	6	,	,	PUNCT
fbem-12163	32	7	pn	pn	PROPN
fbem-12163	32	8	(	(	PUNCT
fbem-12163	32	9	z	z	NOUN
fbem-12163	32	10	)	)	PUNCT
fbem-12163	32	11	are	be	AUX
fbem-12163	32	12	the	the	DET
fbem-12163	32	13	consumption	consumption	NOUN
fbem-12163	32	14	and	and	CCONJ
fbem-12163	32	15	price	price	NOUN
fbem-12163	32	16	of	of	ADP
fbem-12163	32	17	non	non	ADJ
fbem-12163	32	18	-	-	ADJ
fbem-12163	32	19	traded	traded	ADJ
fbem-12163	32	20	products	product	NOUN
fbem-12163	32	21	z	z	NOUN
fbem-12163	32	22	,	,	PUNCT
fbem-12163	32	23	respectively	respectively	ADV
fbem-12163	32	24	,	,	PUNCT
fbem-12163	32	25	so	so	ADV
fbem-12163	32	26	cn=	cn=	ADJ
fbem-12163	32	27	11	11	NUM
fbem-12163	32	28	0	0	NUM
fbem-12163	32	29	1	1	NUM
fbem-12163	32	30	n	n	PROPN
fbem-12163	32	31	(	(	PUNCT
fbem-12163	32	32	z)c	z)c	X
fbem-12163	32	33			NUM
fbem-12163	32	34			PROPN
fbem-12163	32	35			PROPN
fbem-12163	32	36			X
fbem-12163	32	37			NOUN
fbem-12163	32	38			VERB
fbem-12163	32	39			PROPN
fbem-12163	32	40			NOUN
fbem-12163	32	41			X
fbem-12163	32	42			X
fbem-12163	32	43			PROPN
fbem-12163	32	44			PROPN
fbem-12163	32	45	,	,	PUNCT
fbem-12163	32	46	pn=	pn=	VERB
fbem-12163	32	47	11	11	NUM
fbem-12163	32	48	0	0	NUM
fbem-12163	32	49	1	1	NUM
fbem-12163	32	50	n	n	CCONJ
fbem-12163	32	51	(	(	PUNCT
fbem-12163	32	52	z)p	z)p	X
fbem-12163	32	53			PUNCT
fbem-12163	32	54			PROPN
fbem-12163	32	55			PROPN
fbem-12163	32	56			X
fbem-12163	32	57			NOUN
fbem-12163	32	58			VERB
fbem-12163	32	59			PROPN
fbem-12163	32	60			NOUN
fbem-12163	32	61			X
fbem-12163	32	62			X
fbem-12163	32	63			PROPN
fbem-12163	32	64			PROPN
fbem-12163	32	65	,	,	PUNCT
fbem-12163	32	66	bonds	bond	NOUN
fbem-12163	32	67	are	be	AUX
fbem-12163	32	68	denominated	denominate	VERB
fbem-12163	32	69	in	in	ADP
fbem-12163	32	70	trade	trade	NOUN
fbem-12163	32	71	goods	good	NOUN
fbem-12163	32	72	,	,	PUNCT
fbem-12163	32	73	r	r	NOUN
fbem-12163	32	74	is	be	AUX
fbem-12163	32	75	the	the	DET
fbem-12163	32	76	interest	interest	NOUN
fbem-12163	32	77	rate	rate	NOUN
fbem-12163	32	78	,	,	PUNCT
fbem-12163	32	79	β	β	X
fbem-12163	32	80	(	(	PUNCT
fbem-12163	32	81	1	1	NUM
fbem-12163	32	82	+	+	CCONJ
fbem-12163	32	83	r	r	NOUN
fbem-12163	32	84	)	)	PUNCT
fbem-12163	32	85	=	=	NOUN
fbem-12163	32	86	1.the	1.the	PRON
fbem-12163	32	87	budget	budget	NOUN
fbem-12163	32	88	constraints	constraint	NOUN
fbem-12163	32	89	for	for	ADP
fbem-12163	32	90	representative	representative	ADJ
fbem-12163	32	91	consumers	consumer	NOUN
fbem-12163	32	92	are	be	AUX
fbem-12163	32	93	expressed	express	VERB
fbem-12163	32	94	as	as	SCONJ
fbem-12163	32	95	follows	follow	VERB
fbem-12163	32	96	:	:	PUNCT
fbem-12163	32	97	pt	pt	X
fbem-12163	32	98	,	,	PUNCT
fbem-12163	32	99	tbt	tbt	PROPN
fbem-12163	32	100	1	1	NUM
fbem-12163	32	101	j	j	PROPN
fbem-12163	32	102	mt	mt	PROPN
fbem-12163	32	103	j	j	PROPN
fbem-12163	32	104	pt	pt	PROPN
fbem-12163	32	105	,	,	PUNCT
fbem-12163	32	106	t	t	PROPN
fbem-12163	32	107	1	1	NUM
fbem-12163	32	108	r	r	NOUN
fbem-12163	32	109	bt	bt	NOUN
fbem-12163	32	110	j	j	PROPN
fbem-12163	32	111	m	m	PROPN
fbem-12163	32	112	p	p	NOUN
fbem-12163	32	113	,	,	PUNCT
fbem-12163	32	114	j	j	PROPN
fbem-12163	32	115	y	y	PROPN
fbem-12163	32	116	,	,	PUNCT
fbem-12163	32	117	j	j	PROPN
fbem-12163	32	118	p	p	X
fbem-12163	32	119	,	,	PUNCT
fbem-12163	32	120	y	y	PROPN
fbem-12163	32	121	,	,	PUNCT
fbem-12163	32	122	p	p	X
fbem-12163	32	123	,	,	PUNCT
fbem-12163	32	124	c	c	PROPN
fbem-12163	32	125	,	,	PUNCT
fbem-12163	32	126	p	p	X
fbem-12163	32	127	,	,	PUNCT
fbem-12163	32	128	c	c	NOUN
fbem-12163	32	129	,	,	PUNCT
fbem-12163	32	130	p	p	X
fbem-12163	32	131	,	,	PUNCT
fbem-12163	32	132	τ	τ	PROPN
fbem-12163	32	133	(	(	PUNCT
fbem-12163	32	134	2	2	NUM
fbem-12163	32	135	)	)	PUNCT
fbem-12163	32	136	among	among	ADP
fbem-12163	32	137	them	they	PRON
fbem-12163	32	138	,	,	PUNCT
fbem-12163	32	139	τt	τt	PRON
fbem-12163	32	140	is	be	AUX
fbem-12163	32	141	the	the	DET
fbem-12163	32	142	per	per	ADP
fbem-12163	32	143	capita	capita	X
fbem-12163	32	144	tax	tax	NOUN
fbem-12163	32	145	revenue	revenue	NOUN
fbem-12163	32	146	denominated	denominate	VERB
fbem-12163	32	147	in	in	ADP
fbem-12163	32	148	traded	trade	VERB
fbem-12163	32	149	goods	good	NOUN
fbem-12163	32	150	.	.	PUNCT
fbem-12163	33	1	considering	consider	VERB
fbem-12163	33	2	the	the	DET
fbem-12163	33	3	government	government	NOUN
fbem-12163	33	4	purchase	purchase	NOUN
fbem-12163	33	5	,	,	PUNCT
fbem-12163	33	6	the	the	DET
fbem-12163	33	7	demand	demand	NOUN
fbem-12163	33	8	curve	curve	NOUN
fbem-12163	33	9	of	of	ADP
fbem-12163	33	10	non	non	ADJ
fbem-12163	33	11	-	-	ADJ
fbem-12163	33	12	tradable	tradable	ADJ
fbem-12163	33	13	goods	good	NOUN
fbem-12163	33	14	producers	producer	NOUN
fbem-12163	33	15	is	be	AUX
fbem-12163	33	16	expressed	express	VERB
fbem-12163	33	17	as	as	SCONJ
fbem-12163	33	18	follows	follow	VERB
fbem-12163	33	19	:	:	PUNCT
fbem-12163	33	20	y	y	PROPN
fbem-12163	33	21	n	n	PROPN
fbem-12163	33	22	d	d	PROPN
fbem-12163	33	23	pn	pn	PROPN
fbem-12163	33	24	,	,	PUNCT
fbem-12163	33	25	t	t	PROPN
fbem-12163	33	26	j	j	PROPN
fbem-12163	33	27	pn	pn	PROPN
fbem-12163	33	28	,	,	PUNCT
fbem-12163	33	29	t	t	PROPN
fbem-12163	33	30	θ	θ	PROPN
fbem-12163	33	31	cn	cn	PROPN
fbem-12163	33	32	a	a	DET
fbem-12163	33	33	gn	gn	PROPN
fbem-12163	33	34	a	a	DET
fbem-12163	33	35	(	(	PUNCT
fbem-12163	33	36	3	3	NUM
fbem-12163	33	37	)	)	PUNCT
fbem-12163	33	38	among	among	ADP
fbem-12163	33	39	them	they	PRON
fbem-12163	33	40	,	,	PUNCT
fbem-12163	33	41	c	c	PROPN
fbem-12163	33	42	and	and	CCONJ
fbem-12163	33	43	g	g	PROPN
fbem-12163	33	44	are	be	AUX
fbem-12163	33	45	the	the	DET
fbem-12163	33	46	total	total	ADJ
fbem-12163	33	47	private	private	ADJ
fbem-12163	33	48	consumption	consumption	NOUN
fbem-12163	33	49	and	and	CCONJ
fbem-12163	33	50	the	the	DET
fbem-12163	33	51	public	public	ADJ
fbem-12163	33	52	total	total	ADJ
fbem-12163	33	53	consumption	consumption	NOUN
fbem-12163	33	54	of	of	ADP
fbem-12163	33	55	non	non	ADJ
fbem-12163	33	56	-	-	ADJ
fbem-12163	33	57	traded	traded	ADJ
fbem-12163	33	58	goods	good	NOUN
fbem-12163	33	59	,	,	PUNCT
fbem-12163	33	60	respectively	respectively	ADV
fbem-12163	33	61	.	.	PUNCT
fbem-12163	34	1	budget	budget	NOUN
fbem-12163	34	2	constraint	constraint	PROPN
fbem-12163	34	3	maximization	maximization	NOUN
fbem-12163	34	4	formula	formula	NOUN
fbem-12163	34	5	(	(	PUNCT
fbem-12163	34	6	1	1	NUM
fbem-12163	34	7	)	)	PUNCT
fbem-12163	34	8	based	base	VERB
fbem-12163	34	9	on	on	ADP
fbem-12163	34	10	equation	equation	NOUN
fbem-12163	34	11	(	(	PUNCT
fbem-12163	34	12	2	2	NUM
fbem-12163	34	13	)	)	PUNCT
fbem-12163	34	14	and	and	CCONJ
fbem-12163	34	15	equation	equation	NOUN
fbem-12163	34	16	(	(	PUNCT
fbem-12163	34	17	3	3	NUM
fbem-12163	34	18	)	)	PUNCT
fbem-12163	34	19	,	,	PUNCT
fbem-12163	34	20	as	as	SCONJ
fbem-12163	34	21	follows	follow	VERB
fbem-12163	34	22	:	:	PUNCT
fbem-12163	34	23	1t	1t	NUM
fbem-12163	34	24	,	,	PUNCT
fbem-12163	34	25	t	t	PROPN
fbem-12163	34	26	,	,	PUNCT
fbem-12163	34	27			ADV
fbem-12163	34	28	tt	tt	X
fbem-12163	34	29	cc	cc	PROPN
fbem-12163	34	30	(	(	PUNCT
fbem-12163	34	31	4	4	NUM
fbem-12163	34	32	)	)	PUNCT
fbem-12163	34	33	y	y	PROPN
fbem-12163	34	34	ct	ct	PROPN
fbem-12163	34	35	,	,	PUNCT
fbem-12163	34	36	t	t	PROPN
fbem-12163	34	37	x	x	SYM
fbem-12163	34	38	mt	mt	PROPN
fbem-12163	34	39	pt	pt	PROPN
fbem-12163	34	40	ϵ	ϵ	PROPN
fbem-12163	34	41	pt	pt	PROPN
fbem-12163	34	42	,	,	PUNCT
fbem-12163	34	43	t	t	PROPN
fbem-12163	34	44	pt	pt	PROPN
fbem-12163	34	45	β	β	PROPN
fbem-12163	34	46	γ	γ	X
fbem-12163	34	47	ct	ct	PROPN
fbem-12163	34	48	,	,	PUNCT
fbem-12163	34	49	t	t	PROPN
fbem-12163	34	50	1	1	NUM
fbem-12163	34	51	pt	pt	PROPN
fbem-12163	34	52	,	,	PUNCT
fbem-12163	34	53	t	t	PROPN
fbem-12163	34	54	pt	pt	PROPN
fbem-12163	34	55	,	,	PUNCT
fbem-12163	34	56	t	t	PROPN
fbem-12163	34	57	1	1	NUM
fbem-12163	34	58	(	(	PUNCT
fbem-12163	34	59	5	5	NUM
fbem-12163	34	60	)	)	PUNCT
fbem-12163	34	61	t	t	PROPN
fbem-12163	34	62	,	,	PUNCT
fbem-12163	34	63	t	t	PROPN
fbem-12163	34	64	,	,	PUNCT
fbem-12163	34	65	t	t	PROPN
fbem-12163	34	66	,	,	PUNCT
fbem-12163	34	67	t	t	PROPN
fbem-12163	34	68	,	,	PUNCT
fbem-12163	34	69	1	1	NUM
fbem-12163	34	70	n	n	NUM
fbem-12163	34	71	t	t	NOUN
fbem-12163	34	72	t	t	NOUN
fbem-12163	34	73	n	n	PRON
fbem-12163	34	74	p	p	PROPN
fbem-12163	34	75	p	p	X
fbem-12163	34	76	c	c	NOUN
fbem-12163	34	77	c	c	PROPN
fbem-12163	34	78			NUM
fbem-12163	34	79			NUM
fbem-12163	34	80			NUM
fbem-12163	34	81	(	(	PUNCT
fbem-12163	34	82	6	6	NUM
fbem-12163	34	83	)	)	PUNCT
fbem-12163	34	84	y	y	PROPN
fbem-12163	34	85	n	n	PROPN
fbem-12163	34	86	,	,	PUNCT
fbem-12163	34	87	t	t	PROPN
fbem-12163	34	88	θ	θ	PROPN
fbem-12163	34	89	1	1	NUM
fbem-12163	34	90	θ	θ	SYM
fbem-12163	34	91	θ	θ	NOUN
fbem-12163	34	92	1	1	NUM
fbem-12163	34	93	1	1	NUM
fbem-12163	34	94	γ	γ	X
fbem-12163	34	95	θk	θk	X
fbem-12163	34	96	cn	cn	PROPN
fbem-12163	34	97	,	,	PUNCT
fbem-12163	34	98	t	t	PROPN
fbem-12163	34	99	1	1	NUM
fbem-12163	34	100	cn	cn	PROPN
fbem-12163	34	101	a	a	DET
fbem-12163	34	102	gn	gn	PROPN
fbem-12163	34	103	a	a	DET
fbem-12163	34	104	1	1	NUM
fbem-12163	34	105	θ	θ	NOUN
fbem-12163	34	106	(	(	PUNCT
fbem-12163	34	107	7	7	NUM
fbem-12163	34	108	)	)	PUNCT
fbem-12163	34	109	because	because	SCONJ
fbem-12163	34	110	the	the	DET
fbem-12163	34	111	trade	trade	NOUN
fbem-12163	34	112	yield	yield	NOUN
fbem-12163	34	113	is	be	AUX
fbem-12163	34	114	constant	constant	ADJ
fbem-12163	34	115	yt	yt	NOUN
fbem-12163	34	116	,	,	PUNCT
fbem-12163	34	117	there	there	PRON
fbem-12163	34	118	is	be	VERB
fbem-12163	34	119	ct	ct	PROPN
fbem-12163	34	120	,	,	PUNCT
fbem-12163	34	121	t	t	NOUN
fbem-12163	34	122	=	=	SYM
fbem-12163	34	123	yt	yt	PROPN
fbem-12163	34	124	.	.	PROPN
fbem-12163	34	125	56	56	NUM
fbem-12163	34	126	the	the	DET
fbem-12163	34	127	combined	combined	ADJ
fbem-12163	34	128	equation	equation	NOUN
fbem-12163	34	129	(	(	PUNCT
fbem-12163	34	130	4	4	NUM
fbem-12163	34	131	)	)	PUNCT
fbem-12163	34	132	and	and	CCONJ
fbem-12163	34	133	equation	equation	NOUN
fbem-12163	34	134	(	(	PUNCT
fbem-12163	34	135	5	5	NUM
fbem-12163	34	136	)	)	PUNCT
fbem-12163	34	137	are	be	AUX
fbem-12163	34	138	:	:	PUNCT
fbem-12163	34	139	mt	mt	PROPN
fbem-12163	34	140	pt	pt	PROPN
fbem-12163	34	141	x	x	PROPN
fbem-12163	34	142	γ	γ	PROPN
fbem-12163	34	143	ct	ct	PROPN
fbem-12163	34	144	,	,	PUNCT
fbem-12163	34	145	t	t	PROPN
fbem-12163	34	146	pt	pt	PROPN
fbem-12163	34	147	,	,	PUNCT
fbem-12163	34	148	t	t	PROPN
fbem-12163	34	149	pt	pt	NOUN
fbem-12163	34	150	1	1	NUM
fbem-12163	34	151	β	β	X
fbem-12163	34	152	pt	pt	PROPN
fbem-12163	34	153	,	,	PUNCT
fbem-12163	34	154	t	t	PROPN
fbem-12163	34	155	pt	pt	NOUN
fbem-12163	34	156	1	1	NUM
fbem-12163	34	157	ε	ε	PROPN
fbem-12163	34	158	(	(	PUNCT
fbem-12163	34	159	8)	8)	PROPN
fbem-12163	34	160	3.2.1	3.2.1	NUM
fbem-12163	34	161	.	.	PUNCT
fbem-12163	35	1	unanticipated	unanticipated	ADJ
fbem-12163	35	2	and	and	CCONJ
fbem-12163	35	3	permanent	permanent	ADJ
fbem-12163	35	4	monetary	monetary	ADJ
fbem-12163	35	5	shock	shock	NOUN
fbem-12163	35	6	assuming	assume	VERB
fbem-12163	35	7	the	the	DET
fbem-12163	35	8	occurrence	occurrence	NOUN
fbem-12163	35	9	of	of	ADP
fbem-12163	35	10	unexpected	unexpected	ADJ
fbem-12163	35	11	permanent	permanent	ADJ
fbem-12163	35	12	monetary	monetary	ADJ
fbem-12163	35	13	shocks	shock	NOUN
fbem-12163	35	14	,	,	PUNCT
fbem-12163	35	15	short	short	ADJ
fbem-12163	35	16	-	-	PUNCT
fbem-12163	35	17	term	term	NOUN
fbem-12163	35	18	non	non	ADJ
fbem-12163	35	19	-	-	ADJ
fbem-12163	35	20	trade	trade	ADJ
fbem-12163	35	21	prices	price	NOUN
fbem-12163	35	22	remain	remain	VERB
fbem-12163	35	23	sticky	sticky	ADJ
fbem-12163	35	24	long	long	ADJ
fbem-12163	35	25	-	-	PUNCT
fbem-12163	35	26	term	term	NOUN
fbem-12163	35	27	monetary	monetary	ADJ
fbem-12163	35	28	neutrality	neutrality	NOUN
fbem-12163	35	29	,	,	PUNCT
fbem-12163	35	30	and	and	CCONJ
fbem-12163	35	31	the	the	DET
fbem-12163	35	32	law	law	NOUN
fbem-12163	35	33	of	of	ADP
fbem-12163	35	34	one	one	NUM
fbem-12163	35	35	price	price	NOUN
fbem-12163	35	36	and	and	CCONJ
fbem-12163	35	37	then	then	ADV
fbem-12163	35	38	pass	pass	VERB
fbem-12163	35	39	equation	equation	NOUN
fbem-12163	35	40	(	(	PUNCT
fbem-12163	35	41	8)	8)	NUM
fbem-12163	35	42	the	the	DET
fbem-12163	35	43	short	short	ADJ
fbem-12163	35	44	-	-	PUNCT
fbem-12163	35	45	term	term	NOUN
fbem-12163	35	46	changes	change	NOUN
fbem-12163	35	47	of	of	ADP
fbem-12163	35	48	the	the	DET
fbem-12163	35	49	actual	actual	ADJ
fbem-12163	35	50	exchange	exchange	NOUN
fbem-12163	35	51	rate	rate	NOUN
fbem-12163	35	52	are	be	AUX
fbem-12163	35	53	as	as	SCONJ
fbem-12163	35	54	follows	follow	VERB
fbem-12163	35	55	:	:	PUNCT
fbem-12163	35	56	tp	tp	PART
fbem-12163	35	57	）	）	PROPN
fbem-12163	35	58	（	（	PUNCT
fbem-12163	35	59			NOUN
fbem-12163	35	60	1q	1q	NUM
fbem-12163	35	61	,	,	PUNCT
fbem-12163	35	62	then	then	ADV
fbem-12163	35	63	the	the	DET
fbem-12163	35	64	actual	actual	ADJ
fbem-12163	35	65	exchange	exchange	NOUN
fbem-12163	35	66	rate	rate	NOUN
fbem-12163	35	67	fluctuations	fluctuation	NOUN
fbem-12163	35	68	are	be	AUX
fbem-12163	35	69	:	:	PUNCT
fbem-12163	35	70	var(q)=f1(γ)var(m	var(q)=f1(γ)var(m	ADJ
fbem-12163	35	71	)	)	PUNCT
fbem-12163	35	72	,	,	PUNCT
fbem-12163	35	73	lnvar(q)=lnf1(γ)+lnvar(m	lnvar(q)=lnf1(γ)+lnvar(m	PROPN
fbem-12163	35	74	)	)	PUNCT
fbem-12163	35	75	(	(	PUNCT
fbem-12163	35	76	9	9	X
fbem-12163	35	77	)	)	PUNCT
fbem-12163	35	78	f1	f1	NOUN
fbem-12163	35	79	(	(	PUNCT
fbem-12163	35	80	γ	γ	NOUN
fbem-12163	35	81	)	)	PUNCT
fbem-12163	35	82	is	be	AUX
fbem-12163	35	83	a	a	DET
fbem-12163	35	84	reduction	reduction	NOUN
fbem-12163	35	85	function	function	NOUN
fbem-12163	35	86	of	of	ADP
fbem-12163	35	87	trade	trade	NOUN
fbem-12163	35	88	opening	open	VERB
fbem-12163	35	89	γ	γ	NOUN
fbem-12163	35	90	.	.	PUNCT
fbem-12163	35	91	therefore	therefore	ADV
fbem-12163	35	92	,	,	PUNCT
fbem-12163	35	93	trade	trade	NOUN
fbem-12163	35	94	opening	opening	NOUN
fbem-12163	35	95	can	can	AUX
fbem-12163	35	96	reduce	reduce	VERB
fbem-12163	35	97	real	real	ADJ
fbem-12163	35	98	exchange	exchange	NOUN
fbem-12163	35	99	rate	rate	NOUN
fbem-12163	35	100	fluctuations	fluctuation	NOUN
fbem-12163	35	101	under	under	ADP
fbem-12163	35	102	the	the	DET
fbem-12163	35	103	action	action	NOUN
fbem-12163	35	104	of	of	ADP
fbem-12163	35	105	unexpected	unexpected	ADJ
fbem-12163	35	106	permanent	permanent	ADJ
fbem-12163	35	107	currency	currency	NOUN
fbem-12163	35	108	shocks	shock	NOUN
fbem-12163	35	109	.	.	PUNCT
fbem-12163	36	1	3.2.2	3.2.2	X
fbem-12163	36	2	.	.	NOUN
fbem-12163	36	3	unanticipated	unanticipated	ADJ
fbem-12163	36	4	and	and	CCONJ
fbem-12163	36	5	permanent	permanent	ADJ
fbem-12163	36	6	technical	technical	ADJ
fbem-12163	36	7	shocks	shock	NOUN
fbem-12163	36	8	assuming	assume	VERB
fbem-12163	36	9	an	an	DET
fbem-12163	36	10	unexpected	unexpected	ADJ
fbem-12163	36	11	permanent	permanent	ADJ
fbem-12163	36	12	technical	technical	ADJ
fbem-12163	36	13	impact	impact	NOUN
fbem-12163	36	14	an	an	PRON
fbem-12163	36	15	in	in	ADP
fbem-12163	36	16	the	the	DET
fbem-12163	36	17	non	non	ADJ
fbem-12163	36	18	-	-	ADJ
fbem-12163	36	19	trade	trade	ADJ
fbem-12163	36	20	production	production	NOUN
fbem-12163	36	21	sector	sector	NOUN
fbem-12163	37	1	,	,	PUNCT
fbem-12163	37	2	the	the	DET
fbem-12163	37	3	short	short	ADJ
fbem-12163	37	4	-	-	PUNCT
fbem-12163	37	5	term	term	NOUN
fbem-12163	37	6	change	change	NOUN
fbem-12163	37	7	in	in	ADP
fbem-12163	37	8	the	the	DET
fbem-12163	37	9	actual	actual	ADJ
fbem-12163	37	10	exchange	exchange	NOUN
fbem-12163	37	11	rate	rate	NOUN
fbem-12163	37	12	is	be	AUX
fbem-12163	37	13	:	:	PUNCT
fbem-12163	37	14	2/1q	2/1q	NUM
fbem-12163	37	15	na	na	PART
fbem-12163	37	16	）	）	NOUN
fbem-12163	37	17	（	（	PUNCT
fbem-12163	37	18			X
fbem-12163	37	19	.	.	PUNCT
fbem-12163	38	1	the	the	DET
fbem-12163	38	2	actual	actual	ADJ
fbem-12163	38	3	exchange	exchange	NOUN
fbem-12163	38	4	rate	rate	NOUN
fbem-12163	38	5	fluctuations	fluctuation	NOUN
fbem-12163	38	6	are	be	AUX
fbem-12163	38	7	:	:	PUNCT
fbem-12163	38	8	var(q)=f2(γ)var(m	var(q)=f2(γ)var(m	PROPN
fbem-12163	38	9	)	)	PUNCT
fbem-12163	38	10	,	,	PUNCT
fbem-12163	38	11	lnvar(q)=lnf2(γ)+lnvar(m	lnvar(q)=lnf2(γ)+lnvar(m	PROPN
fbem-12163	38	12	)	)	PUNCT
fbem-12163	38	13	(	(	PUNCT
fbem-12163	38	14	10	10	NUM
fbem-12163	38	15	)	)	PUNCT
fbem-12163	38	16	f2	f2	PROPN
fbem-12163	38	17	(	(	PUNCT
fbem-12163	38	18	γ	γ	X
fbem-12163	38	19	)	)	PUNCT
fbem-12163	38	20	is	be	AUX
fbem-12163	38	21	an	an	DET
fbem-12163	38	22	increasing	increase	VERB
fbem-12163	38	23	function	function	NOUN
fbem-12163	38	24	of	of	ADP
fbem-12163	38	25	trade	trade	NOUN
fbem-12163	38	26	opening	open	VERB
fbem-12163	38	27	γ	γ	NOUN
fbem-12163	38	28	.	.	PUNCT
fbem-12163	39	1	therefore	therefore	ADV
fbem-12163	39	2	,	,	PUNCT
fbem-12163	39	3	under	under	ADP
fbem-12163	39	4	the	the	DET
fbem-12163	39	5	unanticipated	unanticipated	ADJ
fbem-12163	39	6	permanent	permanent	ADJ
fbem-12163	39	7	technical	technical	ADJ
fbem-12163	39	8	impact	impact	NOUN
fbem-12163	39	9	,	,	PUNCT
fbem-12163	39	10	trade	trade	NOUN
fbem-12163	39	11	opening	opening	NOUN
fbem-12163	39	12	can	can	AUX
fbem-12163	39	13	reduce	reduce	VERB
fbem-12163	39	14	the	the	DET
fbem-12163	39	15	real	real	ADJ
fbem-12163	39	16	exchange	exchange	NOUN
fbem-12163	39	17	rate	rate	NOUN
fbem-12163	39	18	fluctuations	fluctuation	NOUN
fbem-12163	39	19	.	.	PUNCT
fbem-12163	40	1	3.2.3	3.2.3	X
fbem-12163	40	2	.	.	NUM
fbem-12163	40	3	unanticipated	unanticipated	ADJ
fbem-12163	40	4	and	and	CCONJ
fbem-12163	40	5	permanent	permanent	ADJ
fbem-12163	40	6	financial	financial	ADJ
fbem-12163	40	7	shocks	shock	NOUN
fbem-12163	40	8	assuming	assume	VERB
fbem-12163	40	9	an	an	DET
fbem-12163	40	10	unanticipated	unanticipated	ADJ
fbem-12163	40	11	permanent	permanent	ADJ
fbem-12163	40	12	financial	financial	ADJ
fbem-12163	40	13	shock	shock	NOUN
fbem-12163	40	14	g	g	NOUN
fbem-12163	40	15	,	,	PUNCT
fbem-12163	40	16	the	the	DET
fbem-12163	40	17	short	short	ADJ
fbem-12163	40	18	-	-	PUNCT
fbem-12163	40	19	term	term	NOUN
fbem-12163	40	20	change	change	NOUN
fbem-12163	40	21	in	in	ADP
fbem-12163	40	22	the	the	DET
fbem-12163	40	23	real	real	ADJ
fbem-12163	40	24	exchange	exchange	NOUN
fbem-12163	40	25	rate	rate	NOUN
fbem-12163	40	26	is	be	AUX
fbem-12163	40	27	:	:	PUNCT
fbem-12163	40	28	tp	tp	PART
fbem-12163	40	29	）	）	PROPN
fbem-12163	40	30	（	（	PUNCT
fbem-12163	40	31			PART
fbem-12163	40	32	1q	1q	NUM
fbem-12163	40	33	.	.	PUNCT
fbem-12163	41	1	real	real	ADJ
fbem-12163	41	2	exchange	exchange	NOUN
fbem-12163	41	3	rate	rate	NOUN
fbem-12163	41	4	volatility	volatility	NOUN
fbem-12163	41	5	:	:	PUNCT
fbem-12163	41	6	var(q)=f2(γ)var(g	var(q)=f2(γ)var(g	NOUN
fbem-12163	41	7	)	)	PUNCT
fbem-12163	41	8	,	,	PUNCT
fbem-12163	41	9	lnvar(q)=lnf2(γ)+lnvar(g	lnvar(q)=lnf2(γ)+lnvar(g	PROPN
fbem-12163	41	10	)	)	PUNCT
fbem-12163	41	11	(	(	PUNCT
fbem-12163	41	12	11	11	NUM
fbem-12163	41	13	)	)	PUNCT
fbem-12163	41	14	f3	f3	NOUN
fbem-12163	41	15	(	(	PUNCT
fbem-12163	41	16	γ	γ	PROPN
fbem-12163	41	17	)	)	PUNCT
fbem-12163	41	18	is	be	AUX
fbem-12163	41	19	a	a	DET
fbem-12163	41	20	reduction	reduction	NOUN
fbem-12163	41	21	function	function	NOUN
fbem-12163	41	22	of	of	ADP
fbem-12163	41	23	trade	trade	NOUN
fbem-12163	41	24	opening	open	VERB
fbem-12163	41	25	γ	γ	NOUN
fbem-12163	41	26	.	.	PUNCT
fbem-12163	42	1	therefore	therefore	ADV
fbem-12163	42	2	,	,	PUNCT
fbem-12163	42	3	trade	trade	NOUN
fbem-12163	42	4	opening	opening	NOUN
fbem-12163	42	5	can	can	AUX
fbem-12163	42	6	reduce	reduce	VERB
fbem-12163	42	7	the	the	DET
fbem-12163	42	8	real	real	ADJ
fbem-12163	42	9	exchange	exchange	NOUN
fbem-12163	42	10	rate	rate	NOUN
fbem-12163	42	11	fluctuations	fluctuation	NOUN
fbem-12163	42	12	under	under	ADP
fbem-12163	42	13	the	the	DET
fbem-12163	42	14	action	action	NOUN
fbem-12163	42	15	of	of	ADP
fbem-12163	42	16	unanticipated	unanticipated	ADJ
fbem-12163	42	17	permanent	permanent	ADJ
fbem-12163	42	18	financial	financial	ADJ
fbem-12163	42	19	shocks	shock	NOUN
fbem-12163	42	20	.	.	PUNCT
fbem-12163	43	1	4	4	X
fbem-12163	43	2	.	.	X
fbem-12163	43	3	measurement	measurement	NOUN
fbem-12163	43	4	models	model	NOUN
fbem-12163	43	5	and	and	CCONJ
fbem-12163	43	6	data	datum	NOUN
fbem-12163	43	7	sources	source	NOUN
fbem-12163	43	8	4.1	4.1	NUM
fbem-12163	43	9	.	.	PUNCT
fbem-12163	44	1	measurement	measurement	NOUN
fbem-12163	44	2	model	model	NOUN
fbem-12163	44	3	setting	set	VERB
fbem-12163	44	4	following	follow	VERB
fbem-12163	44	5	the	the	DET
fbem-12163	44	6	practice	practice	NOUN
fbem-12163	44	7	of	of	ADP
fbem-12163	44	8	hau	hau	NOUN
fbem-12163	44	9	(	(	PUNCT
fbem-12163	44	10	2002	2002	NUM
fbem-12163	44	11	)	)	PUNCT
fbem-12163	44	12	,	,	PUNCT
fbem-12163	44	13	calderon	calderon	PROPN
fbem-12163	44	14	&	&	CCONJ
fbem-12163	44	15	kubota	kubota	PROPN
fbem-12163	44	16	(	(	PUNCT
fbem-12163	44	17	2017	2017	NUM
fbem-12163	44	18	)	)	PUNCT
fbem-12163	44	19	,	,	PUNCT
fbem-12163	44	20	the	the	DET
fbem-12163	44	21	measurement	measurement	NOUN
fbem-12163	44	22	model	model	NOUN
fbem-12163	44	23	is	be	AUX
fbem-12163	44	24	set	set	VERB
fbem-12163	44	25	as[5,8	as[5,8	PROPN
fbem-12163	44	26	]	]	X
fbem-12163	44	27	:	:	PUNCT
fbem-12163	44	28	ln(voli	ln(voli	PROPN
fbem-12163	44	29	,	,	PUNCT
fbem-12163	44	30	t)=μi+ηt+oi	t)=μi+ηt+oi	NOUN
fbem-12163	44	31	,	,	PUNCT
fbem-12163	44	32	tγ+zi	tγ+zi	PRON
fbem-12163	44	33	,	,	PUNCT
fbem-12163	44	34	tθ+εi	tθ+εi	ADP
fbem-12163	44	35	,	,	PUNCT
fbem-12163	44	36	t	t	PROPN
fbem-12163	44	37	(	(	PUNCT
fbem-12163	44	38	12	12	NUM
fbem-12163	44	39	)	)	PUNCT
fbem-12163	44	40	among	among	ADP
fbem-12163	44	41	them	they	PRON
fbem-12163	44	42	,	,	PUNCT
fbem-12163	44	43	i	i	PRON
fbem-12163	44	44	and	and	CCONJ
fbem-12163	44	45	t	t	PROPN
fbem-12163	44	46	are	be	AUX
fbem-12163	44	47	provinces	province	NOUN
fbem-12163	44	48	(	(	PUNCT
fbem-12163	44	49	autonomous	autonomous	ADJ
fbem-12163	44	50	regions	region	NOUN
fbem-12163	44	51	,	,	PUNCT
fbem-12163	44	52	municipalities	municipality	NOUN
fbem-12163	44	53	directly	directly	ADV
fbem-12163	44	54	under	under	ADP
fbem-12163	44	55	the	the	DET
fbem-12163	44	56	central	central	ADJ
fbem-12163	44	57	government	government	NOUN
fbem-12163	44	58	)	)	PUNCT
fbem-12163	44	59	and	and	CCONJ
fbem-12163	44	60	time	time	NOUN
fbem-12163	44	61	respectively	respectively	ADV
fbem-12163	44	62	.	.	PUNCT
fbem-12163	45	1	the	the	DET
fbem-12163	45	2	vol	vol	NOUN
fbem-12163	45	3	is	be	AUX
fbem-12163	45	4	the	the	DET
fbem-12163	45	5	explained	explain	VERB
fbem-12163	45	6	variable	variable	NOUN
fbem-12163	45	7	,	,	PUNCT
fbem-12163	45	8	considering	consider	VERB
fbem-12163	45	9	the	the	DET
fbem-12163	45	10	rmb	rmb	NOUN
fbem-12163	45	11	real	real	ADJ
fbem-12163	45	12	effective	effective	ADJ
fbem-12163	45	13	exchange	exchange	NOUN
fbem-12163	45	14	rate	rate	NOUN
fbem-12163	45	15	volatility	volatility	NOUN
fbem-12163	45	16	after	after	ADP
fbem-12163	45	17	the	the	DET
fbem-12163	45	18	provincial	provincial	ADJ
fbem-12163	45	19	trade	trade	NOUN
fbem-12163	45	20	and	and	CCONJ
fbem-12163	45	21	price	price	NOUN
fbem-12163	45	22	level	level	NOUN
fbem-12163	45	23	data.o	data.o	PUNCT
fbem-12163	45	24	is	be	AUX
fbem-12163	45	25	the	the	DET
fbem-12163	45	26	key	key	ADJ
fbem-12163	45	27	explanatory	explanatory	ADJ
fbem-12163	45	28	variable	variable	NOUN
fbem-12163	45	29	,	,	PUNCT
fbem-12163	45	30	with	with	ADP
fbem-12163	45	31	provincial	provincial	ADJ
fbem-12163	45	32	trade	trade	NOUN
fbem-12163	45	33	opening	opening	NOUN
fbem-12163	45	34	.	.	PUNCT
fbem-12163	46	1	z	z	NOUN
fbem-12163	46	2	is	be	AUX
fbem-12163	46	3	the	the	DET
fbem-12163	46	4	control	control	NOUN
fbem-12163	46	5	variable.μ	variable.μ	PROPN
fbem-12163	46	6	is	be	AUX
fbem-12163	46	7	the	the	DET
fbem-12163	46	8	region	region	NOUN
fbem-12163	46	9	fixed	fix	VERB
fbem-12163	46	10	effect	effect	NOUN
fbem-12163	46	11	,	,	PUNCT
fbem-12163	46	12	and	and	CCONJ
fbem-12163	46	13	η	η	PROPN
fbem-12163	46	14	is	be	AUX
fbem-12163	46	15	the	the	DET
fbem-12163	46	16	time	time	NOUN
fbem-12163	46	17	fixed	fix	VERB
fbem-12163	46	18	effect	effect	NOUN
fbem-12163	46	19	.	.	PUNCT
fbem-12163	47	1	all	all	DET
fbem-12163	47	2	the	the	DET
fbem-12163	47	3	variables	variable	NOUN
fbem-12163	47	4	were	be	AUX
fbem-12163	47	5	affected	affect	VERB
fbem-12163	47	6	by	by	ADP
fbem-12163	47	7	removing	remove	VERB
fbem-12163	47	8	the	the	DET
fbem-12163	47	9	price	price	NOUN
fbem-12163	47	10	factors	factor	NOUN
fbem-12163	47	11	through	through	ADP
fbem-12163	47	12	the	the	DET
fbem-12163	47	13	cpi	cpi	PROPN
fbem-12163	47	14	.	.	PUNCT
fbem-12163	48	1	all	all	DET
fbem-12163	48	2	the	the	DET
fbem-12163	48	3	variables	variable	NOUN
fbem-12163	48	4	were	be	AUX
fbem-12163	48	5	taken	take	VERB
fbem-12163	48	6	in	in	ADP
fbem-12163	48	7	the	the	DET
fbem-12163	48	8	log	log	NOUN
fbem-12163	48	9	form	form	NOUN
fbem-12163	48	10	.	.	PUNCT
fbem-12163	49	1	4.2	4.2	NUM
fbem-12163	49	2	.	.	PUNCT
fbem-12163	49	3	selection	selection	NOUN
fbem-12163	49	4	and	and	CCONJ
fbem-12163	49	5	description	description	NOUN
fbem-12163	49	6	of	of	ADP
fbem-12163	49	7	the	the	DET
fbem-12163	49	8	variables	variable	NOUN
fbem-12163	49	9	the	the	DET
fbem-12163	49	10	degree	degree	NOUN
fbem-12163	49	11	of	of	ADP
fbem-12163	49	12	rmb	rmb	PROPN
fbem-12163	49	13	real	real	ADJ
fbem-12163	49	14	effective	effective	ADJ
fbem-12163	49	15	exchange	exchange	NOUN
fbem-12163	49	16	rate	rate	NOUN
fbem-12163	49	17	(	(	PUNCT
fbem-12163	49	18	vol	vol	NOUN
fbem-12163	49	19	):	):	PUNCT
fbem-12163	49	20	this	this	DET
fbem-12163	49	21	paper	paper	NOUN
fbem-12163	49	22	sorts	sort	VERB
fbem-12163	49	23	out	out	ADP
fbem-12163	49	24	the	the	DET
fbem-12163	49	25	quarterly	quarterly	ADJ
fbem-12163	49	26	import	import	NOUN
fbem-12163	49	27	and	and	CCONJ
fbem-12163	49	28	export	export	NOUN
fbem-12163	49	29	trade	trade	NOUN
fbem-12163	49	30	data	datum	NOUN
fbem-12163	49	31	of	of	ADP
fbem-12163	49	32	provinces	province	NOUN
fbem-12163	49	33	(	(	PUNCT
fbem-12163	49	34	autonomous	autonomous	ADJ
fbem-12163	49	35	regions	region	NOUN
fbem-12163	49	36	,	,	PUNCT
fbem-12163	49	37	municipalities	municipality	NOUN
fbem-12163	49	38	directly	directly	ADV
fbem-12163	49	39	under	under	ADP
fbem-12163	49	40	the	the	DET
fbem-12163	49	41	central	central	ADJ
fbem-12163	49	42	government	government	NOUN
fbem-12163	49	43	)	)	PUNCT
fbem-12163	49	44	and	and	CCONJ
fbem-12163	49	45	other	other	ADJ
fbem-12163	49	46	countries	country	NOUN
fbem-12163	49	47	from	from	ADP
fbem-12163	49	48	2006	2006	NUM
fbem-12163	49	49	to	to	ADP
fbem-12163	49	50	2020	2020	NUM
fbem-12163	49	51	,	,	PUNCT
fbem-12163	49	52	and	and	CCONJ
fbem-12163	49	53	the	the	DET
fbem-12163	49	54	real	real	ADJ
fbem-12163	49	55	effective	effective	ADJ
fbem-12163	49	56	exchange	exchange	NOUN
fbem-12163	49	57	rate	rate	NOUN
fbem-12163	49	58	of	of	ADP
fbem-12163	49	59	rmb	rmb	NOUN
fbem-12163	49	60	after	after	ADP
fbem-12163	49	61	considering	consider	VERB
fbem-12163	49	62	the	the	DET
fbem-12163	49	63	provincial	provincial	ADJ
fbem-12163	49	64	import	import	NOUN
fbem-12163	49	65	and	and	CCONJ
fbem-12163	49	66	export	export	NOUN
fbem-12163	49	67	trade	trade	NOUN
fbem-12163	49	68	data	datum	NOUN
fbem-12163	49	69	,	,	PUNCT
fbem-12163	49	70	qi	qi	PROPN
fbem-12163	49	71	,	,	PUNCT
fbem-12163	49	72	t	t	PROPN
fbem-12163	49	73	is	be	AUX
fbem-12163	49	74	:	:	PUNCT
fbem-12163	49	75	qi	qi	PROPN
fbem-12163	49	76	,	,	PUNCT
fbem-12163	49	77	t	t	PROPN
fbem-12163	49	78	pi	pi	PROPN
fbem-12163	49	79	,	,	PUNCT
fbem-12163	49	80	t	t	PROPN
fbem-12163	49	81	si	si	PROPN
fbem-12163	49	82	,	,	PUNCT
fbem-12163	49	83	t	t	PROPN
fbem-12163	49	84	si,0	si,0	PROPN
fbem-12163	49	85	∏	∏	PROPN
fbem-12163	49	86	pk	pk	PROPN
fbem-12163	49	87	,	,	PUNCT
fbem-12163	49	88	t	t	PROPN
fbem-12163	49	89	∗	∗	NOUN
fbem-12163	49	90	sk	sk	PROPN
fbem-12163	49	91	,	,	PUNCT
fbem-12163	49	92	t	t	PROPN
fbem-12163	49	93	pk,0	pk,0	PROPN
fbem-12163	49	94	∗	∗	VERB
fbem-12163	49	95	sk,0	sk,0	PROPN
fbem-12163	49	96	wk	wk	PROPN
fbem-12163	49	97	n	n	PROPN
fbem-12163	49	98	k	k	PROPN
fbem-12163	49	99	1	1	NUM
fbem-12163	49	100	(	(	PUNCT
fbem-12163	49	101	13	13	NUM
fbem-12163	49	102	)	)	PUNCT
fbem-12163	49	103	among	among	ADP
fbem-12163	49	104	them	they	PRON
fbem-12163	49	105	,	,	PUNCT
fbem-12163	49	106	i	i	PRON
fbem-12163	49	107	and	and	CCONJ
fbem-12163	49	108	t	t	PROPN
fbem-12163	49	109	are	be	AUX
fbem-12163	49	110	provincial	provincial	ADJ
fbem-12163	49	111	(	(	PUNCT
fbem-12163	49	112	autonomous	autonomous	ADJ
fbem-12163	49	113	regions	region	NOUN
fbem-12163	49	114	,	,	PUNCT
fbem-12163	49	115	municipalities	municipality	NOUN
fbem-12163	49	116	directly	directly	ADV
fbem-12163	49	117	under	under	ADP
fbem-12163	49	118	the	the	DET
fbem-12163	49	119	central	central	ADJ
fbem-12163	49	120	government	government	NOUN
fbem-12163	49	121	)	)	PUNCT
fbem-12163	49	122	and	and	CCONJ
fbem-12163	49	123	quarterly	quarterly	ADJ
fbem-12163	49	124	time	time	NOUN
fbem-12163	49	125	respectively	respectively	ADV
fbem-12163	49	126	,	,	PUNCT
fbem-12163	49	127	k	k	PROPN
fbem-12163	49	128	represents	represent	VERB
fbem-12163	49	129	the	the	DET
fbem-12163	49	130	trade	trade	NOUN
fbem-12163	49	131	target	target	NOUN
fbem-12163	49	132	country	country	NOUN
fbem-12163	49	133	,	,	PUNCT
fbem-12163	49	134	s	s	VERB
fbem-12163	49	135	is	be	AUX
fbem-12163	49	136	the	the	DET
fbem-12163	49	137	nominal	nominal	ADJ
fbem-12163	49	138	exchange	exchange	NOUN
fbem-12163	49	139	rate	rate	NOUN
fbem-12163	49	140	(	(	PUNCT
fbem-12163	49	141	rmb	rmb	NOUN
fbem-12163	49	142	/	/	SYM
fbem-12163	49	143	dollar	dollar	NOUN
fbem-12163	49	144	)	)	PUNCT
fbem-12163	49	145	,	,	PUNCT
fbem-12163	49	146	and	and	CCONJ
fbem-12163	49	147	p	p	NOUN
fbem-12163	49	148	consumer	consumer	NOUN
fbem-12163	49	149	price	price	NOUN
fbem-12163	49	150	index	index	NOUN
fbem-12163	49	151	.	.	PUNCT
fbem-12163	50	1	s	s	PART
fbem-12163	50	2	is	be	AUX
fbem-12163	50	3	the	the	DET
fbem-12163	50	4	nominal	nominal	ADJ
fbem-12163	50	5	exchange	exchange	NOUN
fbem-12163	50	6	rate	rate	NOUN
fbem-12163	50	7	(	(	PUNCT
fbem-12163	50	8	foreign	foreign	ADJ
fbem-12163	50	9	currency	currency	NOUN
fbem-12163	50	10	/	/	SYM
fbem-12163	50	11	dollar	dollar	NOUN
fbem-12163	50	12	)	)	PUNCT
fbem-12163	50	13	of	of	ADP
fbem-12163	50	14	the	the	DET
fbem-12163	50	15	target	target	NOUN
fbem-12163	50	16	country	country	NOUN
fbem-12163	50	17	,	,	PUNCT
fbem-12163	50	18	and	and	CCONJ
fbem-12163	50	19	p	p	NOUN
fbem-12163	51	1	*	*	PUNCT
fbem-12163	51	2	is	be	AUX
fbem-12163	51	3	the	the	DET
fbem-12163	51	4	consumer	consumer	NOUN
fbem-12163	51	5	price	price	NOUN
fbem-12163	51	6	index	index	NOUN
fbem-12163	51	7	of	of	ADP
fbem-12163	51	8	the	the	DET
fbem-12163	51	9	target	target	NOUN
fbem-12163	51	10	country.the	country.the	DET
fbem-12163	51	11	real	real	ADJ
fbem-12163	51	12	effective	effective	ADJ
fbem-12163	51	13	exchange	exchange	NOUN
fbem-12163	51	14	rate	rate	NOUN
fbem-12163	51	15	fluctuation	fluctuation	NOUN
fbem-12163	51	16	(	(	PUNCT
fbem-12163	51	17	vol	vol	NOUN
fbem-12163	51	18	)	)	PUNCT
fbem-12163	51	19	is	be	AUX
fbem-12163	51	20	the	the	DET
fbem-12163	51	21	standard	standard	ADJ
fbem-12163	51	22	deviation	deviation	NOUN
fbem-12163	51	23	between	between	ADP
fbem-12163	51	24	the	the	DET
fbem-12163	51	25	real	real	ADJ
fbem-12163	51	26	effective	effective	ADJ
fbem-12163	51	27	exchange	exchange	NOUN
fbem-12163	51	28	rate	rate	NOUN
fbem-12163	51	29	of	of	ADP
fbem-12163	51	30	rmb	rmb	NOUN
fbem-12163	51	31	in	in	ADP
fbem-12163	51	32	two	two	NUM
fbem-12163	51	33	years	year	NOUN
fbem-12163	51	34	.	.	PUNCT
fbem-12163	52	1	trade	trade	NOUN
fbem-12163	52	2	opening	opening	NOUN
fbem-12163	52	3	(	(	PUNCT
fbem-12163	52	4	to	to	PART
fbem-12163	52	5	)	)	PUNCT
fbem-12163	52	6	.	.	PUNCT
fbem-12163	53	1	drawing	draw	VERB
fbem-12163	53	2	on	on	ADP
fbem-12163	53	3	the	the	DET
fbem-12163	53	4	existing	exist	VERB
fbem-12163	53	5	literature	literature	NOUN
fbem-12163	53	6	,	,	PUNCT
fbem-12163	53	7	the	the	DET
fbem-12163	53	8	proportion	proportion	NOUN
fbem-12163	53	9	of	of	ADP
fbem-12163	53	10	the	the	DET
fbem-12163	53	11	total	total	ADJ
fbem-12163	53	12	import	import	NOUN
fbem-12163	53	13	and	and	CCONJ
fbem-12163	53	14	export	export	NOUN
fbem-12163	53	15	trade	trade	NOUN
fbem-12163	53	16	in	in	ADP
fbem-12163	53	17	gdp	gdp	NOUN
fbem-12163	53	18	in	in	ADP
fbem-12163	53	19	the	the	DET
fbem-12163	53	20	same	same	ADJ
fbem-12163	53	21	period	period	NOUN
fbem-12163	53	22	is	be	AUX
fbem-12163	53	23	used	use	VERB
fbem-12163	53	24	to	to	ADP
fbem-12163	53	25	measure.according	measure.accorde	VERB
fbem-12163	53	26	to	to	ADP
fbem-12163	53	27	the	the	DET
fbem-12163	53	28	practice	practice	NOUN
fbem-12163	53	29	of	of	ADP
fbem-12163	53	30	patrick	patrick	PROPN
fbem-12163	53	31	etal	etal	PROPN
fbem-12163	53	32	.	.	PUNCT
fbem-12163	54	1	(	(	PUNCT
fbem-12163	54	2	1998	1998	NUM
fbem-12163	54	3	)	)	PUNCT
fbem-12163	54	4	,	,	PUNCT
fbem-12163	54	5	the	the	DET
fbem-12163	54	6	trade	trade	NOUN
fbem-12163	54	7	opening	opening	NOUN
fbem-12163	54	8	of	of	ADP
fbem-12163	54	9	the	the	DET
fbem-12163	54	10	provinces	province	NOUN
fbem-12163	54	11	(	(	PUNCT
fbem-12163	54	12	autonomous	autonomous	ADJ
fbem-12163	54	13	regions	region	NOUN
fbem-12163	54	14	,	,	PUNCT
fbem-12163	54	15	municipalities	municipality	NOUN
fbem-12163	54	16	directly	directly	ADV
fbem-12163	54	17	under	under	ADP
fbem-12163	54	18	the	the	DET
fbem-12163	54	19	central	central	ADJ
fbem-12163	54	20	government	government	NOUN
fbem-12163	54	21	)	)	PUNCT
fbem-12163	54	22	is	be	AUX
fbem-12163	54	23	corrected	correct	VERB
fbem-12163	54	24	as	as	ADP
fbem-12163	54	25	follows[20	follows[20	NOUN
fbem-12163	54	26	]	]	PUNCT
fbem-12163	54	27	:	:	PUNCT
fbem-12163	55	1	ln(toi	ln(toi	NOUN
fbem-12163	55	2	,	,	PUNCT
fbem-12163	55	3	t)=β0+β1ln(gdpi	t)=β0+β1ln(gdpi	PROPN
fbem-12163	55	4	,	,	PUNCT
fbem-12163	55	5	t)+β2[ln(gdpi	t)+β2[ln(gdpi	NOUN
fbem-12163	55	6	,	,	PUNCT
fbem-12163	55	7	t)]2+β3ln(popi	t)]2+β3ln(popi	PROPN
fbem-12163	55	8	,	,	PUNCT
fbem-12163	55	9	t)+β	t)+β	PROPN
fbem-12163	55	10	4[ln(pergdpi	4[ln(pergdpi	PROPN
fbem-12163	55	11	,	,	PUNCT
fbem-12163	55	12	t)]2+εi	t)]2+εi	NOUN
fbem-12163	55	13	,	,	PUNCT
fbem-12163	55	14	t	t	PROPN
fbem-12163	55	15	(	(	PUNCT
fbem-12163	55	16	14	14	NUM
fbem-12163	55	17	)	)	PUNCT
fbem-12163	55	18	among	among	ADP
fbem-12163	55	19	them	they	PRON
fbem-12163	55	20	,	,	PUNCT
fbem-12163	55	21	pop	pop	NOUN
fbem-12163	55	22	is	be	AUX
fbem-12163	55	23	the	the	DET
fbem-12163	55	24	population	population	NOUN
fbem-12163	55	25	,	,	PUNCT
fbem-12163	55	26	pergdp	pergdp	NOUN
fbem-12163	55	27	per	per	ADP
fbem-12163	55	28	capita	capita	X
fbem-12163	55	29	actual	actual	ADJ
fbem-12163	55	30	gdp	gdp	NOUN
fbem-12163	55	31	,	,	PUNCT
fbem-12163	55	32	gdp	gdp	NOUN
fbem-12163	55	33	is	be	AUX
fbem-12163	55	34	the	the	DET
fbem-12163	55	35	actual	actual	ADJ
fbem-12163	55	36	gdp	gdp	NOUN
fbem-12163	55	37	of	of	ADP
fbem-12163	55	38	provinces	province	NOUN
fbem-12163	55	39	(	(	PUNCT
fbem-12163	55	40	autonomous	autonomous	ADJ
fbem-12163	55	41	regions	region	NOUN
fbem-12163	55	42	,	,	PUNCT
fbem-12163	55	43	municipalities	municipality	NOUN
fbem-12163	55	44	directly	directly	ADV
fbem-12163	55	45	under	under	ADP
fbem-12163	55	46	the	the	DET
fbem-12163	55	47	central	central	ADJ
fbem-12163	55	48	government	government	NOUN
fbem-12163	55	49	)	)	PUNCT
fbem-12163	55	50	.	.	PUNCT
fbem-12163	56	1	in	in	ADP
fbem-12163	56	2	this	this	DET
fbem-12163	56	3	paper	paper	NOUN
fbem-12163	56	4	,	,	PUNCT
fbem-12163	56	5	the	the	DET
fbem-12163	56	6	fitting	fitting	ADJ
fbem-12163	56	7	value	value	NOUN
fbem-12163	56	8	of	of	ADP
fbem-12163	56	9	equation	equation	NOUN
fbem-12163	56	10	(	(	PUNCT
fbem-12163	56	11	13	13	NUM
fbem-12163	56	12	)	)	PUNCT
fbem-12163	56	13	regression	regression	NOUN
fbem-12163	56	14	is	be	AUX
fbem-12163	56	15	taken	take	VERB
fbem-12163	56	16	as	as	ADP
fbem-12163	56	17	the	the	DET
fbem-12163	56	18	robust	robust	ADJ
fbem-12163	56	19	index	index	NOUN
fbem-12163	56	20	of	of	ADP
fbem-12163	56	21	provincial	provincial	ADJ
fbem-12163	56	22	trade	trade	NOUN
fbem-12163	56	23	opening	opening	NOUN
fbem-12163	56	24	(	(	PUNCT
fbem-12163	56	25	to	to	PART
fbem-12163	56	26	)	)	PUNCT
fbem-12163	56	27	.	.	PUNCT
fbem-12163	57	1	the	the	DET
fbem-12163	57	2	control	control	NOUN
fbem-12163	57	3	variables	variable	NOUN
fbem-12163	57	4	include	include	VERB
fbem-12163	57	5	:	:	PUNCT
fbem-12163	57	6	monetary	monetary	ADJ
fbem-12163	57	7	shock	shock	NOUN
fbem-12163	57	8	,	,	PUNCT
fbem-12163	57	9	fiscal	fiscal	ADJ
fbem-12163	57	10	shock	shock	NOUN
fbem-12163	57	11	,	,	PUNCT
fbem-12163	57	12	technological	technological	ADJ
fbem-12163	57	13	impact	impact	NOUN
fbem-12163	57	14	,	,	PUNCT
fbem-12163	57	15	real	real	ADJ
fbem-12163	57	16	gdp	gdp	NOUN
fbem-12163	57	17	per	per	ADP
fbem-12163	57	18	capita	capita	X
fbem-12163	57	19	(	(	PUNCT
fbem-12163	57	20	pergdp	pergdp	NOUN
fbem-12163	57	21	)	)	PUNCT
fbem-12163	57	22	,	,	PUNCT
fbem-12163	57	23	inflation	inflation	NOUN
fbem-12163	57	24	rate	rate	NOUN
fbem-12163	57	25	,	,	PUNCT
fbem-12163	57	26	industrial	industrial	ADJ
fbem-12163	57	27	structure	structure	NOUN
fbem-12163	57	28	index	index	NOUN
fbem-12163	57	29	,	,	PUNCT
fbem-12163	57	30	"	"	PUNCT
fbem-12163	57	31	one	one	NUM
fbem-12163	57	32	belt	belt	NOUN
fbem-12163	57	33	and	and	CCONJ
fbem-12163	57	34	one	one	NUM
fbem-12163	57	35	road	road	NOUN
fbem-12163	57	36	"	"	PUNCT
fbem-12163	57	37	virtual	virtual	ADJ
fbem-12163	57	38	variable	variable	NOUN
fbem-12163	57	39	rb	rb	NOUN
fbem-12163	57	40	and	and	CCONJ
fbem-12163	57	41	other	other	ADJ
fbem-12163	57	42	variables	variable	NOUN
fbem-12163	57	43	.	.	PUNCT
fbem-12163	58	1	fiscal	fiscal	ADJ
fbem-12163	58	2	shock	shock	NOUN
fbem-12163	58	3	(	(	PUNCT
fbem-12163	58	4	fiscal	fiscal	ADJ
fbem-12163	58	5	)	)	PUNCT
fbem-12163	58	6	.	.	PUNCT
fbem-12163	59	1	referring	refer	VERB
fbem-12163	59	2	to	to	ADP
fbem-12163	59	3	the	the	DET
fbem-12163	59	4	practice	practice	NOUN
fbem-12163	59	5	of	of	ADP
fbem-12163	59	6	fatas	fata	NOUN
fbem-12163	59	7	&	&	CCONJ
fbem-12163	59	8	mihov	mihov	PROPN
fbem-12163	59	9	(	(	PUNCT
fbem-12163	59	10	2013	2013	NUM
fbem-12163	59	11	)	)	PUNCT
fbem-12163	59	12	,	,	PUNCT
fbem-12163	59	13	the	the	DET
fbem-12163	59	14	actual	actual	ADJ
fbem-12163	59	15	government	government	NOUN
fbem-12163	59	16	general	general	ADJ
fbem-12163	59	17	fiscal	fiscal	ADJ
fbem-12163	59	18	expenditure	expenditure	NOUN
fbem-12163	59	19	(	(	PUNCT
fbem-12163	59	20	g	g	NOUN
fbem-12163	59	21	)	)	PUNCT
fbem-12163	59	22	regresses	regress	VERB
fbem-12163	59	23	the	the	DET
fbem-12163	59	24	economic	economic	ADJ
fbem-12163	59	25	growth	growth	NOUN
fbem-12163	59	26	rate	rate	NOUN
fbem-12163	59	27	(	(	PUNCT
fbem-12163	59	28	y	y	NOUN
fbem-12163	59	29	)	)	PUNCT
fbem-12163	59	30	,	,	PUNCT
fbem-12163	59	31	the	the	DET
fbem-12163	59	32	actual	actual	ADJ
fbem-12163	59	33	government	government	NOUN
fbem-12163	59	34	consumption	consumption	NOUN
fbem-12163	59	35	expenditure	expenditure	NOUN
fbem-12163	59	36	(	(	PUNCT
fbem-12163	59	37	gi	gi	INTJ
fbem-12163	59	38	,	,	PUNCT
fbem-12163	59	39	t-1	t-1	PROPN
fbem-12163	59	40	)	)	PUNCT
fbem-12163	59	41	,	,	PUNCT
fbem-12163	59	42	the	the	DET
fbem-12163	59	43	inflation	inflation	NOUN
fbem-12163	59	44	rate	rate	NOUN
fbem-12163	59	45	(	(	PUNCT
fbem-12163	59	46	cpi	cpi	PROPN
fbem-12163	59	47	)	)	PUNCT
fbem-12163	59	48	,	,	PUNCT
fbem-12163	59	49	the	the	DET
fbem-12163	59	50	inflation	inflation	NOUN
fbem-12163	59	51	rate	rate	NOUN
fbem-12163	59	52	and	and	CCONJ
fbem-12163	59	53	the	the	DET
fbem-12163	59	54	time	time	NOUN
fbem-12163	59	55	trend	trend	NOUN
fbem-12163	59	56	term[14	term[14	PROPN
fbem-12163	59	57	]	]	X
fbem-12163	59	58	.	.	PUNCT
fbem-12163	60	1	the	the	DET
fbem-12163	60	2	provincial	provincial	ADJ
fbem-12163	60	3	financial	financial	ADJ
fbem-12163	60	4	shock	shock	NOUN
fbem-12163	60	5	is	be	AUX
fbem-12163	60	6	measured	measure	VERB
fbem-12163	60	7	by	by	ADP
fbem-12163	60	8	the	the	DET
fbem-12163	60	9	standard	standard	ADJ
fbem-12163	60	10	deviation	deviation	NOUN
fbem-12163	60	11	of	of	ADP
fbem-12163	60	12	the	the	DET
fbem-12163	60	13	regression	regression	NOUN
fbem-12163	60	14	residual	residual	ADJ
fbem-12163	60	15	(	(	PUNCT
fbem-12163	60	16	ε	ε	PROPN
fbem-12163	60	17	i	i	PROPN
fbem-12163	60	18	,	,	PUNCT
fbem-12163	60	19	t	t	PROPN
fbem-12163	60	20	)	)	PUNCT
fbem-12163	60	21	in	in	ADP
fbem-12163	60	22	the	the	DET
fbem-12163	60	23	next	next	ADJ
fbem-12163	60	24	two	two	NUM
fbem-12163	60	25	years	year	NOUN
fbem-12163	60	26	.	.	PUNCT
fbem-12163	61	1	ln(gi	ln(gi	NOUN
fbem-12163	61	2	,	,	PUNCT
fbem-12163	61	3	t)=α0+ηt+β1ln(gi	t)=α0+ηt+β1ln(gi	PROPN
fbem-12163	61	4	,	,	PUNCT
fbem-12163	61	5	t1)+β2ln(yi	t1)+β2ln(yi	PROPN
fbem-12163	61	6	,	,	PUNCT
fbem-12163	61	7	t)+β3ln(cpii	t)+β3ln(cpii	NOUN
fbem-12163	61	8	,	,	PUNCT
fbem-12163	61	9	t)+β4[ln(cpii	t)+β4[ln(cpii	NOUN
fbem-12163	61	10	,	,	PUNCT
fbem-12163	61	11	t)]2+εi	t)]2+εi	NOUN
fbem-12163	61	12	,	,	PUNCT
fbem-12163	61	13	t	t	PROPN
fbem-12163	61	14	(	(	PUNCT
fbem-12163	61	15	15	15	NUM
fbem-12163	61	16	)	)	PUNCT
fbem-12163	61	17	currency	currency	NOUN
fbem-12163	61	18	shock	shock	NOUN
fbem-12163	61	19	(	(	PUNCT
fbem-12163	61	20	money	money	NOUN
fbem-12163	61	21	)	)	PUNCT
fbem-12163	61	22	.	.	PUNCT
fbem-12163	62	1	similar	similar	ADJ
fbem-12163	62	2	to	to	ADP
fbem-12163	62	3	the	the	DET
fbem-12163	62	4	construction	construction	NOUN
fbem-12163	62	5	of	of	ADP
fbem-12163	62	6	financial	financial	ADJ
fbem-12163	62	7	shock	shock	NOUN
fbem-12163	62	8	,	,	PUNCT
fbem-12163	62	9	national	national	PROPN
fbem-12163	62	10	m2	m2	PROPN
fbem-12163	62	11	was	be	AUX
fbem-12163	62	12	used	use	VERB
fbem-12163	62	13	to	to	PART
fbem-12163	62	14	replace	replace	VERB
fbem-12163	62	15	m2	m2	PROPN
fbem-12163	62	16	in	in	ADP
fbem-12163	62	17	provinces	province	NOUN
fbem-12163	62	18	(	(	PUNCT
fbem-12163	62	19	autonomous	autonomous	ADJ
fbem-12163	62	20	regions	region	NOUN
fbem-12163	62	21	and	and	CCONJ
fbem-12163	62	22	municipalities	municipality	NOUN
fbem-12163	62	23	directly	directly	ADV
fbem-12163	62	24	under	under	ADP
fbem-12163	62	25	the	the	DET
fbem-12163	62	26	central	central	ADJ
fbem-12163	62	27	government	government	NOUN
fbem-12163	62	28	)	)	PUNCT
fbem-12163	62	29	as	as	ADP
fbem-12163	62	30	the	the	DET
fbem-12163	62	31	explained	explain	VERB
fbem-12163	62	32	variable	variable	NOUN
fbem-12163	62	33	.	.	PUNCT
fbem-12163	63	1	the	the	DET
fbem-12163	63	2	monetary	monetary	ADJ
fbem-12163	63	3	shock	shock	NOUN
fbem-12163	63	4	is	be	AUX
fbem-12163	63	5	equal	equal	ADJ
fbem-12163	63	6	to	to	ADP
fbem-12163	63	7	the	the	DET
fbem-12163	63	8	regression	regression	NOUN
fbem-12163	63	9	residual	residual	ADJ
fbem-12163	63	10	adjacent	adjacent	ADJ
fbem-12163	63	11	two	two	NUM
fbem-12163	63	12	-	-	PUNCT
fbem-12163	63	13	year	year	NOUN
fbem-12163	63	14	standard	standard	ADJ
fbem-12163	63	15	deviation	deviation	NOUN
fbem-12163	63	16	.	.	PUNCT
fbem-12163	64	1	technical	technical	ADJ
fbem-12163	64	2	shock	shock	NOUN
fbem-12163	64	3	(	(	PUNCT
fbem-12163	64	4	tfp	tfp	PROPN
fbem-12163	64	5	)	)	PUNCT
fbem-12163	64	6	.	.	PUNCT
fbem-12163	65	1	drawing	draw	VERB
fbem-12163	65	2	on	on	ADP
fbem-12163	65	3	the	the	DET
fbem-12163	65	4	calculation	calculation	NOUN
fbem-12163	65	5	method	method	NOUN
fbem-12163	65	6	57	57	NUM
fbem-12163	65	7	of	of	ADP
fbem-12163	65	8	solo	solo	ADJ
fbem-12163	65	9	residuals	residual	NOUN
fbem-12163	65	10	,	,	PUNCT
fbem-12163	65	11	the	the	DET
fbem-12163	65	12	total	total	ADJ
fbem-12163	65	13	factor	factor	NOUN
fbem-12163	65	14	productivity	productivity	NOUN
fbem-12163	65	15	calculated	calculate	VERB
fbem-12163	65	16	by	by	ADP
fbem-12163	65	17	the	the	DET
fbem-12163	65	18	actual	actual	ADJ
fbem-12163	65	19	output	output	NOUN
fbem-12163	65	20	of	of	ADP
fbem-12163	65	21	the	the	DET
fbem-12163	65	22	provinces	province	NOUN
fbem-12163	65	23	(	(	PUNCT
fbem-12163	65	24	autonomous	autonomous	ADJ
fbem-12163	65	25	regions	region	NOUN
fbem-12163	65	26	,	,	PUNCT
fbem-12163	65	27	municipalities	municipality	NOUN
fbem-12163	65	28	directly	directly	ADV
fbem-12163	65	29	under	under	ADP
fbem-12163	65	30	the	the	DET
fbem-12163	65	31	central	central	ADJ
fbem-12163	65	32	government	government	NOUN
fbem-12163	65	33	)	)	PUNCT
fbem-12163	65	34	and	and	CCONJ
fbem-12163	65	35	calculate	calculate	VERB
fbem-12163	65	36	the	the	DET
fbem-12163	65	37	quarterly	quarterly	ADJ
fbem-12163	65	38	change	change	NOUN
fbem-12163	65	39	.	.	PUNCT
fbem-12163	66	1	technical	technical	ADJ
fbem-12163	66	2	impact	impact	NOUN
fbem-12163	66	3	is	be	AUX
fbem-12163	66	4	measured	measure	VERB
fbem-12163	66	5	by	by	ADP
fbem-12163	66	6	the	the	DET
fbem-12163	66	7	standard	standard	ADJ
fbem-12163	66	8	deviation	deviation	NOUN
fbem-12163	66	9	of	of	ADP
fbem-12163	66	10	the	the	DET
fbem-12163	66	11	annual	annual	ADJ
fbem-12163	66	12	change	change	NOUN
fbem-12163	66	13	of	of	ADP
fbem-12163	66	14	total	total	ADJ
fbem-12163	66	15	factor	factor	NOUN
fbem-12163	66	16	productivity	productivity	NOUN
fbem-12163	66	17	in	in	ADP
fbem-12163	66	18	provinces	province	NOUN
fbem-12163	66	19	(	(	PUNCT
fbem-12163	66	20	autonomous	autonomous	ADJ
fbem-12163	66	21	regions	region	NOUN
fbem-12163	66	22	and	and	CCONJ
fbem-12163	66	23	municipalities	municipality	NOUN
fbem-12163	66	24	directly	directly	ADV
fbem-12163	66	25	under	under	ADP
fbem-12163	66	26	the	the	DET
fbem-12163	66	27	central	central	ADJ
fbem-12163	66	28	government	government	NOUN
fbem-12163	66	29	in	in	ADP
fbem-12163	66	30	the	the	DET
fbem-12163	66	31	next	next	ADJ
fbem-12163	66	32	two	two	NUM
fbem-12163	66	33	years	year	NOUN
fbem-12163	66	34	)	)	PUNCT
fbem-12163	66	35	.	.	PUNCT
fbem-12163	67	1	the	the	DET
fbem-12163	67	2	study	study	NOUN
fbem-12163	67	3	object	object	NOUN
fbem-12163	67	4	of	of	ADP
fbem-12163	67	5	this	this	DET
fbem-12163	67	6	paper	paper	NOUN
fbem-12163	67	7	is	be	AUX
fbem-12163	67	8	31	31	NUM
fbem-12163	67	9	provinces	province	NOUN
fbem-12163	67	10	(	(	PUNCT
fbem-12163	67	11	autonomous	autonomous	ADJ
fbem-12163	67	12	regions	region	NOUN
fbem-12163	67	13	,	,	PUNCT
fbem-12163	67	14	municipalities	municipality	NOUN
fbem-12163	67	15	directly	directly	ADV
fbem-12163	67	16	under	under	ADP
fbem-12163	67	17	the	the	DET
fbem-12163	67	18	central	central	ADJ
fbem-12163	67	19	government	government	NOUN
fbem-12163	67	20	)	)	PUNCT
fbem-12163	67	21	,	,	PUNCT
fbem-12163	67	22	combined	combine	VERB
fbem-12163	67	23	with	with	ADP
fbem-12163	67	24	data	datum	NOUN
fbem-12163	67	25	availability	availability	NOUN
fbem-12163	67	26	,	,	PUNCT
fbem-12163	67	27	the	the	DET
fbem-12163	67	28	study	study	NOUN
fbem-12163	67	29	time	time	NOUN
fbem-12163	67	30	is	be	AUX
fbem-12163	67	31	the	the	DET
fbem-12163	67	32	data	datum	NOUN
fbem-12163	67	33	of	of	ADP
fbem-12163	67	34	each	each	DET
fbem-12163	67	35	quarter	quarter	NOUN
fbem-12163	67	36	from	from	ADP
fbem-12163	67	37	2006	2006	NUM
fbem-12163	67	38	to	to	ADP
fbem-12163	67	39	2020	2020	NUM
fbem-12163	67	40	.	.	PUNCT
fbem-12163	68	1	5	5	NUM
fbem-12163	68	2	.	.	NOUN
fbem-12163	68	3	empirical	empirical	ADJ
fbem-12163	68	4	analysis	analysis	NOUN
fbem-12163	68	5	5.1	5.1	NUM
fbem-12163	68	6	.	.	PUNCT
fbem-12163	69	1	data	datum	NOUN
fbem-12163	69	2	source	source	NOUN
fbem-12163	69	3	and	and	CCONJ
fbem-12163	69	4	statistical	statistical	ADJ
fbem-12163	69	5	descriptions	description	NOUN
fbem-12163	69	6	this	this	DET
fbem-12163	69	7	paper	paper	NOUN
fbem-12163	69	8	selects	select	VERB
fbem-12163	69	9	the	the	DET
fbem-12163	69	10	quarterly	quarterly	ADJ
fbem-12163	69	11	data	datum	NOUN
fbem-12163	69	12	from	from	ADP
fbem-12163	69	13	2006	2006	NUM
fbem-12163	69	14	to	to	ADP
fbem-12163	69	15	2020	2020	NUM
fbem-12163	69	16	,	,	PUNCT
fbem-12163	69	17	and	and	CCONJ
fbem-12163	69	18	the	the	DET
fbem-12163	69	19	data	datum	NOUN
fbem-12163	69	20	are	be	AUX
fbem-12163	69	21	mainly	mainly	ADV
fbem-12163	69	22	obtained	obtain	VERB
fbem-12163	69	23	from	from	ADP
fbem-12163	69	24	the	the	DET
fbem-12163	69	25	national	national	PROPN
fbem-12163	69	26	bureau	bureau	PROPN
fbem-12163	69	27	of	of	ADP
fbem-12163	69	28	statistics	statistic	NOUN
fbem-12163	69	29	,	,	PUNCT
fbem-12163	69	30	the	the	DET
fbem-12163	69	31	website	website	NOUN
fbem-12163	69	32	of	of	ADP
fbem-12163	69	33	the	the	DET
fbem-12163	69	34	ministry	ministry	PROPN
fbem-12163	69	35	of	of	ADP
fbem-12163	69	36	finance	finance	PROPN
fbem-12163	69	37	and	and	CCONJ
fbem-12163	69	38	the	the	DET
fbem-12163	69	39	wind	wind	NOUN
fbem-12163	69	40	database	database	NOUN
fbem-12163	69	41	.	.	PUNCT
fbem-12163	70	1	considering	consider	VERB
fbem-12163	70	2	the	the	DET
fbem-12163	70	3	inflation	inflation	NOUN
fbem-12163	70	4	factors	factor	NOUN
fbem-12163	70	5	,	,	PUNCT
fbem-12163	70	6	the	the	DET
fbem-12163	70	7	nominal	nominal	ADJ
fbem-12163	70	8	variable	variable	ADJ
fbem-12163	70	9	data	datum	NOUN
fbem-12163	70	10	for	for	ADP
fbem-12163	70	11	the	the	DET
fbem-12163	70	12	consumer	consumer	NOUN
fbem-12163	70	13	price	price	NOUN
fbem-12163	70	14	index	index	NOUN
fbem-12163	70	15	(	(	PUNCT
fbem-12163	70	16	cpi	cpi	NOUN
fbem-12163	70	17	)	)	PUNCT
fbem-12163	70	18	adjust	adjust	VERB
fbem-12163	70	19	the	the	DET
fbem-12163	70	20	actual	actual	ADJ
fbem-12163	70	21	value	value	NOUN
fbem-12163	70	22	of	of	ADP
fbem-12163	70	23	the	the	DET
fbem-12163	70	24	variables	variable	NOUN
fbem-12163	70	25	,	,	PUNCT
fbem-12163	70	26	the	the	DET
fbem-12163	70	27	cpi	cpi	NOUN
fbem-12163	70	28	has	have	VERB
fbem-12163	70	29	2006	2006	NUM
fbem-12163	70	30	,	,	PUNCT
fbem-12163	70	31	because	because	SCONJ
fbem-12163	70	32	the	the	DET
fbem-12163	70	33	standard	standard	ADJ
fbem-12163	70	34	deviation	deviation	NOUN
fbem-12163	70	35	of	of	ADP
fbem-12163	70	36	the	the	DET
fbem-12163	70	37	residual	residual	ADJ
fbem-12163	70	38	calculation	calculation	NOUN
fbem-12163	70	39	,	,	PUNCT
fbem-12163	70	40	the	the	DET
fbem-12163	70	41	index	index	NOUN
fbem-12163	70	42	data	datum	NOUN
fbem-12163	70	43	since	since	SCONJ
fbem-12163	70	44	2007	2007	NUM
fbem-12163	70	45	,	,	PUNCT
fbem-12163	70	46	can	can	AUX
fbem-12163	70	47	be	be	AUX
fbem-12163	70	48	seen	see	VERB
fbem-12163	70	49	from	from	ADP
fbem-12163	70	50	the	the	DET
fbem-12163	70	51	table	table	NOUN
fbem-12163	70	52	in	in	ADP
fbem-12163	70	53	the	the	DET
fbem-12163	70	54	actual	actual	ADJ
fbem-12163	70	55	effective	effective	ADJ
fbem-12163	70	56	exchange	exchange	NOUN
fbem-12163	70	57	rate	rate	NOUN
fbem-12163	70	58	fluctuations	fluctuation	NOUN
fbem-12163	70	59	in	in	ADP
fbem-12163	70	60	provincial	provincial	ADJ
fbem-12163	70	61	annual	annual	ADJ
fbem-12163	70	62	fluctuations	fluctuation	NOUN
fbem-12163	70	63	,	,	PUNCT
fbem-12163	70	64	and	and	CCONJ
fbem-12163	70	65	the	the	DET
fbem-12163	70	66	difference	difference	NOUN
fbem-12163	70	67	between	between	ADP
fbem-12163	70	68	the	the	DET
fbem-12163	70	69	provincial	provincial	ADJ
fbem-12163	70	70	trade	trade	NOUN
fbem-12163	70	71	exports.the	exports.the	DET
fbem-12163	70	72	descriptive	descriptive	ADJ
fbem-12163	70	73	statistical	statistical	ADJ
fbem-12163	70	74	results	result	NOUN
fbem-12163	70	75	of	of	ADP
fbem-12163	70	76	each	each	DET
fbem-12163	70	77	variable	variable	NOUN
fbem-12163	70	78	are	be	AUX
fbem-12163	70	79	shown	show	VERB
fbem-12163	70	80	in	in	ADP
fbem-12163	70	81	table	table	NOUN
fbem-12163	70	82	1	1	NUM
fbem-12163	70	83	,	,	PUNCT
fbem-12163	70	84	and	and	CCONJ
fbem-12163	70	85	the	the	DET
fbem-12163	70	86	average	average	ADJ
fbem-12163	70	87	value	value	NOUN
fbem-12163	70	88	of	of	ADP
fbem-12163	70	89	the	the	DET
fbem-12163	70	90	fitted	fit	VERB
fbem-12163	70	91	value	value	NOUN
fbem-12163	70	92	(	(	PUNCT
fbem-12163	70	93	logarithm	logarithm	NOUN
fbem-12163	70	94	)	)	PUNCT
fbem-12163	70	95	of	of	ADP
fbem-12163	70	96	trade	trade	NOUN
fbem-12163	70	97	opening	opening	NOUN
fbem-12163	70	98	is	be	AUX
fbem-12163	70	99	1.97	1.97	NUM
fbem-12163	70	100	,	,	PUNCT
fbem-12163	70	101	and	and	CCONJ
fbem-12163	70	102	the	the	DET
fbem-12163	70	103	fiscal	fiscal	ADJ
fbem-12163	70	104	and	and	CCONJ
fbem-12163	70	105	monetary	monetary	ADJ
fbem-12163	70	106	shocks	shock	NOUN
fbem-12163	70	107	are	be	AUX
fbem-12163	70	108	positive	positive	ADJ
fbem-12163	70	109	and	and	CCONJ
fbem-12163	70	110	short	short	ADJ
fbem-12163	70	111	-	-	PUNCT
fbem-12163	70	112	term	term	NOUN
fbem-12163	70	113	technical	technical	ADJ
fbem-12163	70	114	shocks	shock	NOUN
fbem-12163	70	115	are	be	AUX
fbem-12163	70	116	negative	negative	ADJ
fbem-12163	70	117	,	,	PUNCT
fbem-12163	70	118	in	in	ADP
fbem-12163	70	119	line	line	NOUN
fbem-12163	70	120	with	with	ADP
fbem-12163	70	121	the	the	DET
fbem-12163	70	122	theoretical	theoretical	ADJ
fbem-12163	70	123	expectation	expectation	NOUN
fbem-12163	70	124	,	,	PUNCT
fbem-12163	70	125	and	and	CCONJ
fbem-12163	70	126	the	the	DET
fbem-12163	70	127	mean	mean	ADJ
fbem-12163	70	128	value	value	NOUN
fbem-12163	70	129	is	be	AUX
fbem-12163	70	130	0.052,0.005	0.052,0.005	NUM
fbem-12163	70	131	and	and	CCONJ
fbem-12163	70	132	0.344	0.344	NUM
fbem-12163	70	133	,	,	PUNCT
fbem-12163	70	134	respectively	respectively	ADV
fbem-12163	70	135	.	.	PUNCT
fbem-12163	71	1	table	table	NOUN
fbem-12163	71	2	1	1	NUM
fbem-12163	71	3	.	.	PUNCT
fbem-12163	72	1	summary	summary	NOUN
fbem-12163	72	2	statistics	statistic	NOUN
fbem-12163	72	3	:	:	PUNCT
fbem-12163	72	4	this	this	DET
fbem-12163	72	5	table	table	NOUN
fbem-12163	72	6	reports	report	VERB
fbem-12163	72	7	descriptive	descriptive	ADJ
fbem-12163	72	8	statistics	statistic	NOUN
fbem-12163	72	9	of	of	ADP
fbem-12163	72	10	variables	variable	NOUN
fbem-12163	72	11	used	use	VERB
fbem-12163	72	12	in	in	ADP
fbem-12163	72	13	our	our	PRON
fbem-12163	72	14	baseline	baseline	NOUN
fbem-12163	72	15	regression	regression	NOUN
fbem-12163	72	16	,	,	PUNCT
fbem-12163	72	17	including	include	VERB
fbem-12163	72	18	dependent	dependent	ADJ
fbem-12163	72	19	,	,	PUNCT
fbem-12163	72	20	independent	independent	ADJ
fbem-12163	72	21	,	,	PUNCT
fbem-12163	72	22	and	and	CCONJ
fbem-12163	72	23	control	control	NOUN
fbem-12163	72	24	variables	variable	NOUN
fbem-12163	72	25	.	.	PUNCT
fbem-12163	73	1	mean	mean	PROPN
fbem-12163	73	2	max	max	PROPN
fbem-12163	73	3	min	min	PROPN
fbem-12163	73	4	std	std	PROPN
fbem-12163	73	5	.	.	PROPN
fbem-12163	74	1	dev	dev	PROPN
fbem-12163	74	2	.	.	PUNCT
fbem-12163	75	1	obs	obs	PROPN
fbem-12163	75	2	gdp	gdp	PROPN
fbem-12163	75	3	12301.1	12301.1	NUM
fbem-12163	75	4	111151.6	111151.6	NUM
fbem-12163	75	5	64.1	64.1	NUM
fbem-12163	75	6	14176.43	14176.43	NUM
fbem-12163	75	7	1736	1736	NUM
fbem-12163	75	8	pergdp	pergdp	NOUN
fbem-12163	75	9	21330.2	21330.2	NUM
fbem-12163	75	10	118074.4	118074.4	NUM
fbem-12163	75	11	1185.89	1185.89	NUM
fbem-12163	75	12	17172.98	17172.98	NUM
fbem-12163	75	13	1736	1736	NUM
fbem-12163	75	14	cpi	cpi	NOUN
fbem-12163	75	15	127.34	127.34	NUM
fbem-12163	75	16	169.62	169.62	NUM
fbem-12163	75	17	102.4	102.4	NUM
fbem-12163	75	18	13.37	13.37	NUM
fbem-12163	75	19	1736	1736	NUM
fbem-12163	75	20	real	real	ADJ
fbem-12163	75	21	effective	effective	ADJ
fbem-12163	75	22	exchange	exchange	NOUN
fbem-12163	75	23	rate	rate	NOUN
fbem-12163	75	24	4.73	4.73	NUM
fbem-12163	75	25	5.29	5.29	NUM
fbem-12163	75	26	4.40	4.40	NUM
fbem-12163	75	27	0.14	0.14	NUM
fbem-12163	75	28	1736	1736	NUM
fbem-12163	75	29	trade	trade	NOUN
fbem-12163	75	30	fit	fit	ADJ
fbem-12163	75	31	value	value	NOUN
fbem-12163	75	32	1.97	1.97	NUM
fbem-12163	75	33	7.24	7.24	NUM
fbem-12163	75	34	-0.68	-0.68	PROPN
fbem-12163	75	35	1.31	1.31	NUM
fbem-12163	75	36	1736	1736	NUM
fbem-12163	75	37	financial	financial	ADJ
fbem-12163	75	38	shock	shock	NOUN
fbem-12163	75	39	0.052	0.052	NUM
fbem-12163	75	40	0.429	0.429	NUM
fbem-12163	75	41	0.000	0.000	NUM
fbem-12163	75	42	0.057	0.057	NUM
fbem-12163	75	43	1736	1736	NUM
fbem-12163	75	44	currency	currency	NOUN
fbem-12163	75	45	shock	shock	NOUN
fbem-12163	75	46	0.005	0.005	NUM
fbem-12163	75	47	0.028	0.028	NUM
fbem-12163	75	48	0.000	0.000	NUM
fbem-12163	75	49	0.005	0.005	NUM
fbem-12163	75	50	1736	1736	NUM
fbem-12163	75	51	technical	technical	ADJ
fbem-12163	75	52	shock	shock	NOUN
fbem-12163	75	53	0.344	0.344	NUM
fbem-12163	75	54	0.891	0.891	NUM
fbem-12163	75	55	0.000	0.000	NUM
fbem-12163	75	56	0.216	0.216	NUM
fbem-12163	75	57	1736	1736	NUM
fbem-12163	75	58	5.2	5.2	NUM
fbem-12163	75	59	.	.	PUNCT
fbem-12163	76	1	empirical	empirical	ADJ
fbem-12163	76	2	test	test	NOUN
fbem-12163	76	3	the	the	DET
fbem-12163	76	4	regression	regression	NOUN
fbem-12163	76	5	equations	equation	NOUN
fbem-12163	76	6	were	be	AUX
fbem-12163	76	7	analyzed	analyze	VERB
fbem-12163	76	8	directly	directly	ADV
fbem-12163	76	9	with	with	ADP
fbem-12163	76	10	the	the	DET
fbem-12163	76	11	explained	explain	VERB
fbem-12163	76	12	variables	variable	NOUN
fbem-12163	76	13	and	and	CCONJ
fbem-12163	76	14	the	the	DET
fbem-12163	76	15	added	add	VERB
fbem-12163	76	16	control	control	NOUN
fbem-12163	76	17	variables	variable	NOUN
fbem-12163	76	18	,	,	PUNCT
fbem-12163	76	19	and	and	CCONJ
fbem-12163	76	20	the	the	DET
fbem-12163	76	21	original	original	ADJ
fbem-12163	76	22	values	value	NOUN
fbem-12163	76	23	were	be	AUX
fbem-12163	76	24	analyzed	analyze	VERB
fbem-12163	76	25	simultaneously	simultaneously	ADV
fbem-12163	76	26	with	with	ADP
fbem-12163	76	27	the	the	DET
fbem-12163	76	28	fitted	fit	VERB
fbem-12163	76	29	values	value	NOUN
fbem-12163	76	30	.	.	PUNCT
fbem-12163	77	1	selection	selection	NOUN
fbem-12163	77	2	fixed	fix	VERB
fbem-12163	77	3	effects	effect	NOUN
fbem-12163	77	4	were	be	AUX
fbem-12163	77	5	tested	test	VERB
fbem-12163	77	6	by	by	ADP
fbem-12163	77	7	hausman	hausman	ADJ
fbem-12163	77	8	test	test	NOUN
fbem-12163	77	9	(	(	PUNCT
fbem-12163	77	10	68.87	68.87	NUM
fbem-12163	77	11	in	in	ADP
fbem-12163	77	12	chi2	chi2	NOUN
fbem-12163	77	13	)	)	PUNCT
fbem-12163	77	14	,	,	PUNCT
fbem-12163	77	15	and	and	CCONJ
fbem-12163	77	16	the	the	DET
fbem-12163	77	17	regression	regression	NOUN
fbem-12163	77	18	results	result	NOUN
fbem-12163	77	19	are	be	AUX
fbem-12163	77	20	shown	show	VERB
fbem-12163	77	21	in	in	ADP
fbem-12163	77	22	table	table	NOUN
fbem-12163	77	23	2	2	NUM
fbem-12163	77	24	:	:	PUNCT
fbem-12163	77	25	table	table	NOUN
fbem-12163	77	26	2	2	NUM
fbem-12163	77	27	.	.	PUNCT
fbem-12163	78	1	this	this	DET
fbem-12163	78	2	table	table	NOUN
fbem-12163	78	3	reports	report	VERB
fbem-12163	78	4	the	the	DET
fbem-12163	78	5	panel	panel	NOUN
fbem-12163	78	6	regression	regression	VERB
fbem-12163	78	7	results	result	NOUN
fbem-12163	78	8	of	of	ADP
fbem-12163	78	9	the	the	DET
fbem-12163	78	10	trade	trade	NOUN
fbem-12163	78	11	opening	opening	NOUN
fbem-12163	78	12	on	on	ADP
fbem-12163	78	13	the	the	DET
fbem-12163	78	14	real	real	ADJ
fbem-12163	78	15	effective	effective	ADJ
fbem-12163	78	16	exchange	exchange	NOUN
fbem-12163	78	17	rate	rate	NOUN
fbem-12163	78	18	of	of	ADP
fbem-12163	78	19	rmb	rmb	NOUN
fbem-12163	78	20	.	.	PUNCT
fbem-12163	79	1	*	*	PUNCT
fbem-12163	79	2	,	,	PUNCT
fbem-12163	79	3	*	*	PUNCT
fbem-12163	79	4	*	*	PUNCT
fbem-12163	79	5	and	and	CCONJ
fbem-12163	79	6	*	*	PUNCT
fbem-12163	79	7	*	*	PUNCT
fbem-12163	79	8	*	*	PUNCT
fbem-12163	79	9	denote	denote	ADJ
fbem-12163	79	10	statistical	statistical	ADJ
fbem-12163	79	11	significance	significance	NOUN
fbem-12163	79	12	at	at	ADP
fbem-12163	79	13	the	the	DET
fbem-12163	79	14	10	10	NUM
fbem-12163	79	15	%	%	NOUN
fbem-12163	79	16	,	,	PUNCT
fbem-12163	79	17	5	5	NUM
fbem-12163	79	18	%	%	NOUN
fbem-12163	79	19	and	and	CCONJ
fbem-12163	79	20	1	1	NUM
fbem-12163	79	21	%	%	NOUN
fbem-12163	79	22	level	level	NOUN
fbem-12163	79	23	,	,	PUNCT
fbem-12163	79	24	respectively	respectively	ADV
fbem-12163	79	25	.	.	PUNCT
fbem-12163	80	1	univariate	univariate	ADJ
fbem-12163	80	2	regression	regression	NOUN
fbem-12163	80	3	multivariable	multivariable	ADJ
fbem-12163	80	4	regression	regression	PROPN
fbem-12163	80	5	original	original	ADJ
fbem-12163	80	6	fitted	fit	VERB
fbem-12163	80	7	original	original	ADJ
fbem-12163	80	8	fitted	fit	VERB
fbem-12163	80	9	trade	trade	NOUN
fbem-12163	80	10	fit	fit	ADJ
fbem-12163	80	11	value	value	NOUN
fbem-12163	80	12	-0.014	-0.014	NOUN
fbem-12163	80	13	*	*	PUNCT
fbem-12163	80	14	*	*	PUNCT
fbem-12163	80	15	*	*	PUNCT
fbem-12163	80	16	(	(	PUNCT
fbem-12163	80	17	-8.44	-8.44	NOUN
fbem-12163	80	18	)	)	PUNCT
fbem-12163	80	19	-0.054	-0.054	NOUN
fbem-12163	81	1	*	*	PUNCT
fbem-12163	81	2	*	*	PUNCT
fbem-12163	81	3	*	*	PUNCT
fbem-12163	81	4	(	(	PUNCT
fbem-12163	81	5	-16.61	-16.61	NOUN
fbem-12163	81	6	)	)	PUNCT
fbem-12163	81	7	-0.001	-0.001	PUNCT
fbem-12163	81	8	(	(	PUNCT
fbem-12163	81	9	-1.23	-1.23	NOUN
fbem-12163	81	10	)	)	PUNCT
fbem-12163	81	11	-0.012	-0.012	NOUN
fbem-12163	81	12	*	*	PUNCT
fbem-12163	81	13	*	*	PUNCT
fbem-12163	81	14	*	*	PUNCT
fbem-12163	81	15	(	(	PUNCT
fbem-12163	81	16	-3.75	-3.75	PROPN
fbem-12163	81	17	)	)	PUNCT
fbem-12163	81	18	financial	financial	ADJ
fbem-12163	81	19	shock	shock	NOUN
fbem-12163	81	20	0.005	0.005	NUM
fbem-12163	81	21	(	(	PUNCT
fbem-12163	81	22	0.17	0.17	NUM
fbem-12163	81	23	)	)	PUNCT
fbem-12163	81	24	0.008	0.008	NUM
fbem-12163	81	25	(	(	PUNCT
fbem-12163	81	26	0.26	0.26	NUM
fbem-12163	81	27	)	)	PUNCT
fbem-12163	81	28	currency	currency	NOUN
fbem-12163	81	29	shock	shock	NOUN
fbem-12163	81	30	1.022	1.022	NUM
fbem-12163	81	31	*	*	PUNCT
fbem-12163	81	32	*	*	PUNCT
fbem-12163	81	33	*	*	PUNCT
fbem-12163	81	34	(	(	PUNCT
fbem-12163	81	35	3.05	3.05	NUM
fbem-12163	81	36	)	)	PUNCT
fbem-12163	81	37	1.080	1.080	NUM
fbem-12163	81	38	*	*	PUNCT
fbem-12163	81	39	*	*	PUNCT
fbem-12163	81	40	*	*	PUNCT
fbem-12163	81	41	(	(	PUNCT
fbem-12163	81	42	3.24	3.24	NUM
fbem-12163	81	43	)	)	PUNCT
fbem-12163	81	44	technical	technical	ADJ
fbem-12163	81	45	shock	shock	NOUN
fbem-12163	81	46	-0.047	-0.047	PUNCT
fbem-12163	82	1	*	*	PUNCT
fbem-12163	82	2	*	*	PUNCT
fbem-12163	82	3	*	*	PUNCT
fbem-12163	82	4	(	(	PUNCT
fbem-12163	82	5	-5.83	-5.83	ADJ
fbem-12163	82	6	)	)	PUNCT
fbem-12163	82	7	-0.046	-0.046	NOUN
fbem-12163	83	1	*	*	PUNCT
fbem-12163	83	2	*	*	PUNCT
fbem-12163	83	3	*	*	PUNCT
fbem-12163	83	4	(	(	PUNCT
fbem-12163	83	5	-5.75	-5.75	PROPN
fbem-12163	83	6	)	)	PUNCT
fbem-12163	83	7	pergdp	pergdp	NOUN
fbem-12163	83	8	0.000	0.000	NUM
fbem-12163	83	9	*	*	PUNCT
fbem-12163	84	1	*	*	PUNCT
fbem-12163	84	2	(	(	PUNCT
fbem-12163	84	3	2.28	2.28	NUM
fbem-12163	84	4	)	)	PUNCT
fbem-12163	84	5	-0.000	-0.000	NUM
fbem-12163	84	6	(	(	PUNCT
fbem-12163	84	7	-1.19	-1.19	NOUN
fbem-12163	84	8	)	)	PUNCT
fbem-12163	84	9	cpi	cpi	NOUN
fbem-12163	84	10	0.009	0.009	NUM
fbem-12163	84	11	*	*	PUNCT
fbem-12163	84	12	*	*	PUNCT
fbem-12163	84	13	*	*	PUNCT
fbem-12163	84	14	(	(	PUNCT
fbem-12163	84	15	63.94	63.94	NUM
fbem-12163	84	16	)	)	PUNCT
fbem-12163	84	17	0.009	0.009	NUM
fbem-12163	84	18	*	*	PUNCT
fbem-12163	84	19	*	*	PUNCT
fbem-12163	84	20	*	*	PUNCT
fbem-12163	84	21	(	(	PUNCT
fbem-12163	84	22	62.70	62.70	NUM
fbem-12163	84	23	)	)	PUNCT
fbem-12163	84	24	province	province	NOUN
fbem-12163	85	1	yes	yes	INTJ
fbem-12163	86	1	yes	yes	INTJ
fbem-12163	87	1	yes	yes	INTJ
fbem-12163	88	1	yes	yes	INTJ
fbem-12163	88	2	year	year	NOUN
fbem-12163	89	1	yes	yes	INTJ
fbem-12163	89	2	yes	yes	INTJ
fbem-12163	90	1	yes	yes	INTJ
fbem-12163	91	1	yes	yes	INTJ
fbem-12163	92	1	n	n	ADV
fbem-12163	92	2	1736	1736	NUM
fbem-12163	92	3	1736	1736	NUM
fbem-12163	92	4	1736	1736	NUM
fbem-12163	92	5	1736	1736	NUM
fbem-12163	92	6	as	as	SCONJ
fbem-12163	92	7	shown	show	VERB
fbem-12163	92	8	according	accord	VERB
fbem-12163	92	9	to	to	ADP
fbem-12163	92	10	the	the	DET
fbem-12163	92	11	benchmark	benchmark	ADJ
fbem-12163	92	12	regression	regression	NOUN
fbem-12163	92	13	results	result	NOUN
fbem-12163	92	14	shown	show	VERB
fbem-12163	92	15	in	in	ADP
fbem-12163	92	16	table	table	NOUN
fbem-12163	92	17	2	2	NUM
fbem-12163	92	18	.	.	PUNCT
fbem-12163	93	1	the	the	DET
fbem-12163	93	2	trade	trade	NOUN
fbem-12163	93	3	opening	opening	NOUN
fbem-12163	93	4	index	index	NOUN
fbem-12163	93	5	of	of	ADP
fbem-12163	93	6	the	the	DET
fbem-12163	93	7	real	real	ADJ
fbem-12163	93	8	effective	effective	ADJ
fbem-12163	93	9	exchange	exchange	NOUN
fbem-12163	93	10	rate	rate	NOUN
fbem-12163	93	11	fluctuation	fluctuation	NOUN
fbem-12163	93	12	of	of	ADP
fbem-12163	93	13	rmb	rmb	NOUN
fbem-12163	93	14	after	after	ADP
fbem-12163	93	15	excluding	exclude	VERB
fbem-12163	93	16	the	the	DET
fbem-12163	93	17	price	price	NOUN
fbem-12163	93	18	level	level	NOUN
fbem-12163	93	19	data	datum	NOUN
fbem-12163	93	20	are	be	AUX
fbem-12163	93	21	significantly	significantly	ADV
fbem-12163	93	22	negative	negative	ADJ
fbem-12163	93	23	,	,	PUNCT
fbem-12163	93	24	indicating	indicate	VERB
fbem-12163	93	25	that	that	SCONJ
fbem-12163	93	26	the	the	DET
fbem-12163	93	27	degree	degree	NOUN
fbem-12163	93	28	of	of	ADP
fbem-12163	93	29	trade	trade	NOUN
fbem-12163	93	30	opening	opening	NOUN
fbem-12163	93	31	can	can	AUX
fbem-12163	93	32	effectively	effectively	ADV
fbem-12163	93	33	restrain	restrain	VERB
fbem-12163	93	34	the	the	DET
fbem-12163	93	35	real	real	ADJ
fbem-12163	93	36	effective	effective	ADJ
fbem-12163	93	37	exchange	exchange	NOUN
fbem-12163	93	38	rate	rate	NOUN
fbem-12163	93	39	fluctuation	fluctuation	NOUN
fbem-12163	93	40	of	of	ADP
fbem-12163	93	41	rmb	rmb	PROPN
fbem-12163	93	42	after	after	ADP
fbem-12163	93	43	considering	consider	VERB
fbem-12163	93	44	the	the	DET
fbem-12163	93	45	provincial	provincial	ADJ
fbem-12163	93	46	data	datum	NOUN
fbem-12163	93	47	.	.	PUNCT
fbem-12163	94	1	according	accord	VERB
fbem-12163	94	2	to	to	ADP
fbem-12163	94	3	the	the	DET
fbem-12163	94	4	analysis	analysis	NOUN
fbem-12163	94	5	of	of	ADP
fbem-12163	94	6	the	the	DET
fbem-12163	94	7	theoretical	theoretical	ADJ
fbem-12163	94	8	model	model	NOUN
fbem-12163	94	9	,	,	PUNCT
fbem-12163	94	10	under	under	ADP
fbem-12163	94	11	the	the	DET
fbem-12163	94	12	influence	influence	NOUN
fbem-12163	94	13	of	of	ADP
fbem-12163	94	14	different	different	ADJ
fbem-12163	94	15	influencing	influence	VERB
fbem-12163	94	16	factors	factor	NOUN
fbem-12163	94	17	such	such	ADJ
fbem-12163	94	18	as	as	ADP
fbem-12163	94	19	fiscal	fiscal	ADJ
fbem-12163	94	20	shock	shock	NOUN
fbem-12163	94	21	,	,	PUNCT
fbem-12163	94	22	monetary	monetary	ADJ
fbem-12163	94	23	shock	shock	NOUN
fbem-12163	94	24	and	and	CCONJ
fbem-12163	94	25	technological	technological	ADJ
fbem-12163	94	26	shock	shock	NOUN
fbem-12163	94	27	,	,	PUNCT
fbem-12163	94	28	the	the	DET
fbem-12163	94	29	trade	trade	NOUN
fbem-12163	94	30	opening	opening	NOUN
fbem-12163	94	31	can	can	AUX
fbem-12163	94	32	also	also	ADV
fbem-12163	94	33	restrain	restrain	VERB
fbem-12163	94	34	the	the	DET
fbem-12163	94	35	fluctuation	fluctuation	NOUN
fbem-12163	94	36	of	of	ADP
fbem-12163	94	37	china	china	PROPN
fbem-12163	94	38	's	's	PART
fbem-12163	94	39	actual	actual	ADJ
fbem-12163	94	40	effective	effective	ADJ
fbem-12163	94	41	exchange	exchange	NOUN
fbem-12163	94	42	rate	rate	NOUN
fbem-12163	94	43	.	.	PUNCT
fbem-12163	95	1	therefore	therefore	ADV
fbem-12163	95	2	,	,	PUNCT
fbem-12163	95	3	the	the	DET
fbem-12163	95	4	control	control	NOUN
fbem-12163	95	5	variables	variable	VERB
fbem-12163	95	6	such	such	ADJ
fbem-12163	95	7	as	as	ADP
fbem-12163	95	8	fiscal	fiscal	ADJ
fbem-12163	95	9	shock	shock	NOUN
fbem-12163	95	10	,	,	PUNCT
fbem-12163	95	11	monetary	monetary	ADJ
fbem-12163	95	12	shock	shock	NOUN
fbem-12163	95	13	and	and	CCONJ
fbem-12163	95	14	technical	technical	ADJ
fbem-12163	95	15	shock	shock	NOUN
fbem-12163	95	16	are	be	AUX
fbem-12163	95	17	added	add	VERB
fbem-12163	95	18	to	to	ADP
fbem-12163	95	19	the	the	DET
fbem-12163	95	20	regression	regression	NOUN
fbem-12163	95	21	equation	equation	NOUN
fbem-12163	95	22	for	for	ADP
fbem-12163	95	23	regression	regression	NOUN
fbem-12163	95	24	analysis	analysis	NOUN
fbem-12163	95	25	again	again	ADV
fbem-12163	95	26	.	.	PUNCT
fbem-12163	96	1	after	after	ADP
fbem-12163	96	2	controlling	control	VERB
fbem-12163	96	3	for	for	ADP
fbem-12163	96	4	related	related	ADJ
fbem-12163	96	5	impact	impact	NOUN
fbem-12163	96	6	variables	variable	NOUN
fbem-12163	96	7	,	,	PUNCT
fbem-12163	96	8	the	the	DET
fbem-12163	96	9	results	result	NOUN
fbem-12163	96	10	of	of	ADP
fbem-12163	96	11	trade	trade	NOUN
fbem-12163	96	12	opening	opening	NOUN
fbem-12163	96	13	(	(	PUNCT
fbem-12163	96	14	to	to	PART
fbem-12163	96	15	)	)	PUNCT
fbem-12163	96	16	were-0.003	were-0.003	NOUN
fbem-12163	96	17	and-0.013	and-0.013	PROPN
fbem-12163	96	18	,	,	PUNCT
fbem-12163	96	19	which	which	PRON
fbem-12163	96	20	were	be	AUX
fbem-12163	96	21	significantly	significantly	ADV
fbem-12163	96	22	negative	negative	ADJ
fbem-12163	96	23	,	,	PUNCT
fbem-12163	96	24	which	which	PRON
fbem-12163	96	25	also	also	ADV
fbem-12163	96	26	indicates	indicate	VERB
fbem-12163	96	27	that	that	SCONJ
fbem-12163	96	28	the	the	DET
fbem-12163	96	29	trade	trade	NOUN
fbem-12163	96	30	opening	opening	NOUN
fbem-12163	96	31	of	of	ADP
fbem-12163	96	32	provinces	province	NOUN
fbem-12163	96	33	(	(	PUNCT
fbem-12163	96	34	autonomous	autonomous	ADJ
fbem-12163	96	35	regions	region	NOUN
fbem-12163	96	36	and	and	CCONJ
fbem-12163	96	37	municipalities	municipality	NOUN
fbem-12163	96	38	58	58	NUM
fbem-12163	96	39	directly	directly	ADV
fbem-12163	96	40	under	under	ADP
fbem-12163	96	41	the	the	DET
fbem-12163	96	42	central	central	ADJ
fbem-12163	96	43	government	government	NOUN
fbem-12163	96	44	)	)	PUNCT
fbem-12163	96	45	can	can	AUX
fbem-12163	96	46	effectively	effectively	ADV
fbem-12163	96	47	restrain	restrain	VERB
fbem-12163	96	48	the	the	DET
fbem-12163	96	49	real	real	ADJ
fbem-12163	96	50	effective	effective	ADJ
fbem-12163	96	51	exchange	exchange	NOUN
fbem-12163	96	52	rate	rate	NOUN
fbem-12163	96	53	fluctuations	fluctuation	NOUN
fbem-12163	96	54	of	of	ADP
fbem-12163	96	55	rmb	rmb	NOUN
fbem-12163	96	56	.	.	PUNCT
fbem-12163	97	1	at	at	ADP
fbem-12163	97	2	the	the	DET
fbem-12163	97	3	same	same	ADJ
fbem-12163	97	4	time	time	NOUN
fbem-12163	97	5	,	,	PUNCT
fbem-12163	97	6	it	it	PRON
fbem-12163	97	7	is	be	AUX
fbem-12163	97	8	also	also	ADV
fbem-12163	97	9	shown	show	VERB
fbem-12163	97	10	in	in	ADP
fbem-12163	97	11	the	the	DET
fbem-12163	97	12	regression	regression	NOUN
fbem-12163	97	13	equation	equation	NOUN
fbem-12163	97	14	that	that	SCONJ
fbem-12163	97	15	the	the	DET
fbem-12163	97	16	shocks	shock	NOUN
fbem-12163	97	17	of	of	ADP
fbem-12163	97	18	monetary	monetary	ADJ
fbem-12163	97	19	,	,	PUNCT
fbem-12163	97	20	fiscal	fiscal	ADJ
fbem-12163	97	21	and	and	CCONJ
fbem-12163	97	22	technological	technological	ADJ
fbem-12163	97	23	exchange	exchange	NOUN
fbem-12163	97	24	rate	rate	NOUN
fbem-12163	97	25	are	be	AUX
fbem-12163	97	26	also	also	ADV
fbem-12163	97	27	significantly	significantly	ADV
fbem-12163	97	28	positive	positive	ADJ
fbem-12163	97	29	for	for	ADP
fbem-12163	97	30	the	the	DET
fbem-12163	97	31	fluctuation	fluctuation	NOUN
fbem-12163	97	32	of	of	ADP
fbem-12163	97	33	the	the	DET
fbem-12163	97	34	effective	effective	ADJ
fbem-12163	97	35	exchange	exchange	NOUN
fbem-12163	97	36	rate	rate	NOUN
fbem-12163	97	37	of	of	ADP
fbem-12163	97	38	rmb	rmb	NOUN
fbem-12163	97	39	,	,	PUNCT
fbem-12163	97	40	which	which	PRON
fbem-12163	97	41	also	also	ADV
fbem-12163	97	42	shows	show	VERB
fbem-12163	97	43	that	that	SCONJ
fbem-12163	97	44	the	the	DET
fbem-12163	97	45	shocks	shock	NOUN
fbem-12163	97	46	of	of	ADP
fbem-12163	97	47	fiscal	fiscal	ADJ
fbem-12163	97	48	and	and	CCONJ
fbem-12163	97	49	monetary	monetary	ADJ
fbem-12163	97	50	exchange	exchange	NOUN
fbem-12163	97	51	rate	rate	NOUN
fbem-12163	97	52	will	will	AUX
fbem-12163	97	53	aggravate	aggravate	VERB
fbem-12163	97	54	the	the	DET
fbem-12163	97	55	fluctuation	fluctuation	NOUN
fbem-12163	97	56	of	of	ADP
fbem-12163	97	57	the	the	DET
fbem-12163	97	58	effective	effective	ADJ
fbem-12163	97	59	exchange	exchange	NOUN
fbem-12163	97	60	rate	rate	NOUN
fbem-12163	97	61	of	of	ADP
fbem-12163	97	62	rmb	rmb	NOUN
fbem-12163	97	63	,	,	PUNCT
fbem-12163	97	64	while	while	SCONJ
fbem-12163	97	65	the	the	DET
fbem-12163	97	66	impact	impact	NOUN
fbem-12163	97	67	of	of	ADP
fbem-12163	97	68	technological	technological	ADJ
fbem-12163	97	69	progress	progress	NOUN
fbem-12163	97	70	will	will	AUX
fbem-12163	97	71	reduce	reduce	VERB
fbem-12163	97	72	the	the	DET
fbem-12163	97	73	fluctuation	fluctuation	NOUN
fbem-12163	97	74	of	of	ADP
fbem-12163	97	75	the	the	DET
fbem-12163	97	76	effective	effective	ADJ
fbem-12163	97	77	exchange	exchange	NOUN
fbem-12163	97	78	rate	rate	NOUN
fbem-12163	97	79	of	of	ADP
fbem-12163	97	80	rmb	rmb	NOUN
fbem-12163	97	81	.	.	PUNCT
fbem-12163	98	1	5.3	5.3	NUM
fbem-12163	98	2	.	.	PUNCT
fbem-12163	99	1	additional	additional	ADJ
fbem-12163	99	2	analysis	analysis	NOUN
fbem-12163	99	3	as	as	SCONJ
fbem-12163	99	4	china	china	PROPN
fbem-12163	99	5	's	's	PART
fbem-12163	99	6	economy	economy	NOUN
fbem-12163	99	7	enters	enter	VERB
fbem-12163	99	8	the	the	DET
fbem-12163	99	9	new	new	ADJ
fbem-12163	99	10	normal	normal	ADJ
fbem-12163	99	11	,	,	PUNCT
fbem-12163	99	12	the	the	DET
fbem-12163	99	13	change	change	NOUN
fbem-12163	99	14	of	of	ADP
fbem-12163	99	15	china	china	PROPN
fbem-12163	99	16	's	's	PART
fbem-12163	99	17	industrial	industrial	ADJ
fbem-12163	99	18	structure	structure	NOUN
fbem-12163	99	19	and	and	CCONJ
fbem-12163	99	20	the	the	DET
fbem-12163	99	21	development	development	NOUN
fbem-12163	99	22	of	of	ADP
fbem-12163	99	23	"	"	PUNCT
fbem-12163	99	24	belt	belt	NOUN
fbem-12163	99	25	and	and	CCONJ
fbem-12163	99	26	road	road	NOUN
fbem-12163	99	27	"	"	PUNCT
fbem-12163	99	28	will	will	AUX
fbem-12163	99	29	also	also	ADV
fbem-12163	99	30	have	have	VERB
fbem-12163	99	31	a	a	DET
fbem-12163	99	32	certain	certain	ADJ
fbem-12163	99	33	impact	impact	NOUN
fbem-12163	99	34	on	on	ADP
fbem-12163	99	35	the	the	DET
fbem-12163	99	36	trade	trade	NOUN
fbem-12163	99	37	objects	object	NOUN
fbem-12163	99	38	of	of	ADP
fbem-12163	99	39	provinces	province	NOUN
fbem-12163	99	40	and	and	CCONJ
fbem-12163	99	41	cities	city	NOUN
fbem-12163	99	42	,	,	PUNCT
fbem-12163	99	43	and	and	CCONJ
fbem-12163	99	44	then	then	ADV
fbem-12163	99	45	affect	affect	VERB
fbem-12163	99	46	the	the	DET
fbem-12163	99	47	scale	scale	NOUN
fbem-12163	99	48	and	and	CCONJ
fbem-12163	99	49	output	output	NOUN
fbem-12163	99	50	of	of	ADP
fbem-12163	99	51	import	import	NOUN
fbem-12163	99	52	and	and	CCONJ
fbem-12163	99	53	export	export	NOUN
fbem-12163	99	54	trade	trade	NOUN
fbem-12163	99	55	of	of	ADP
fbem-12163	99	56	provinces	province	NOUN
fbem-12163	99	57	and	and	CCONJ
fbem-12163	99	58	cities	city	NOUN
fbem-12163	99	59	to	to	PART
fbem-12163	99	60	achieve	achieve	VERB
fbem-12163	99	61	the	the	DET
fbem-12163	99	62	impact	impact	NOUN
fbem-12163	99	63	on	on	ADP
fbem-12163	99	64	the	the	DET
fbem-12163	99	65	real	real	ADJ
fbem-12163	99	66	effective	effective	ADJ
fbem-12163	99	67	exchange	exchange	NOUN
fbem-12163	99	68	rate	rate	NOUN
fbem-12163	99	69	fluctuation	fluctuation	NOUN
fbem-12163	99	70	of	of	ADP
fbem-12163	99	71	rmb	rmb	PROPN
fbem-12163	99	72	.	.	PUNCT
fbem-12163	100	1	5.3.1	5.3.1	X
fbem-12163	100	2	.	.	NOUN
fbem-12163	100	3	upgrading	upgrading	NOUN
fbem-12163	100	4	of	of	ADP
fbem-12163	100	5	an	an	DET
fbem-12163	100	6	industrial	industrial	ADJ
fbem-12163	100	7	structure	structure	NOUN
fbem-12163	100	8	the	the	DET
fbem-12163	100	9	interaction	interaction	NOUN
fbem-12163	100	10	term	term	NOUN
fbem-12163	100	11	of	of	ADP
fbem-12163	100	12	trade	trade	NOUN
fbem-12163	100	13	opening	opening	NOUN
fbem-12163	100	14	and	and	CCONJ
fbem-12163	100	15	industrial	industrial	ADJ
fbem-12163	100	16	structure	structure	NOUN
fbem-12163	100	17	index	index	NOUN
fbem-12163	100	18	is	be	AUX
fbem-12163	100	19	introduced	introduce	VERB
fbem-12163	100	20	for	for	ADP
fbem-12163	100	21	regression	regression	NOUN
fbem-12163	100	22	.	.	PUNCT
fbem-12163	101	1	the	the	DET
fbem-12163	101	2	industrial	industrial	ADJ
fbem-12163	101	3	structure	structure	NOUN
fbem-12163	101	4	index	index	NOUN
fbem-12163	101	5	is	be	AUX
fbem-12163	101	6	expressed	express	VERB
fbem-12163	101	7	as	as	ADP
fbem-12163	101	8	the	the	DET
fbem-12163	101	9	ratio	ratio	NOUN
fbem-12163	101	10	of	of	ADP
fbem-12163	101	11	the	the	DET
fbem-12163	101	12	tertiary	tertiary	ADJ
fbem-12163	101	13	industry	industry	NOUN
fbem-12163	101	14	and	and	CCONJ
fbem-12163	101	15	the	the	DET
fbem-12163	101	16	secondary	secondary	ADJ
fbem-12163	101	17	industry	industry	NOUN
fbem-12163	101	18	in	in	ADP
fbem-12163	101	19	each	each	DET
fbem-12163	101	20	province	province	NOUN
fbem-12163	101	21	.	.	PUNCT
fbem-12163	102	1	the	the	DET
fbem-12163	102	2	regression	regression	NOUN
fbem-12163	102	3	results	result	VERB
fbem-12163	102	4	through	through	ADP
fbem-12163	102	5	fixed	fix	VERB
fbem-12163	102	6	effects	effect	NOUN
fbem-12163	102	7	and	and	CCONJ
fbem-12163	102	8	control	control	NOUN
fbem-12163	102	9	variables	variable	NOUN
fbem-12163	102	10	are	be	AUX
fbem-12163	102	11	shown	show	VERB
fbem-12163	102	12	in	in	ADP
fbem-12163	102	13	table	table	NOUN
fbem-12163	102	14	3	3	NUM
fbem-12163	102	15	.	.	PUNCT
fbem-12163	102	16	table	table	NOUN
fbem-12163	102	17	3	3	NUM
fbem-12163	102	18	.	.	PUNCT
fbem-12163	103	1	this	this	DET
fbem-12163	103	2	table	table	NOUN
fbem-12163	103	3	reports	report	VERB
fbem-12163	103	4	the	the	DET
fbem-12163	103	5	impact	impact	NOUN
fbem-12163	103	6	of	of	ADP
fbem-12163	103	7	the	the	DET
fbem-12163	103	8	indicator	indicator	NOUN
fbem-12163	103	9	of	of	ADP
fbem-12163	103	10	trade	trade	NOUN
fbem-12163	103	11	openness	openness	NOUN
fbem-12163	103	12	with	with	ADP
fbem-12163	103	13	an	an	DET
fbem-12163	103	14	advanced	advanced	ADJ
fbem-12163	103	15	industrial	industrial	ADJ
fbem-12163	103	16	structure	structure	NOUN
fbem-12163	103	17	on	on	ADP
fbem-12163	103	18	the	the	DET
fbem-12163	103	19	fluctuation	fluctuation	NOUN
fbem-12163	103	20	of	of	ADP
fbem-12163	103	21	the	the	DET
fbem-12163	103	22	rmb	rmb	NOUN
fbem-12163	103	23	real	real	ADJ
fbem-12163	103	24	effective	effective	ADJ
fbem-12163	103	25	exchange	exchange	NOUN
fbem-12163	103	26	rate	rate	NOUN
fbem-12163	103	27	.	.	PUNCT
fbem-12163	104	1	*	*	PUNCT
fbem-12163	104	2	,	,	PUNCT
fbem-12163	104	3	*	*	PUNCT
fbem-12163	104	4	*	*	PUNCT
fbem-12163	104	5	and	and	CCONJ
fbem-12163	104	6	*	*	PUNCT
fbem-12163	104	7	*	*	PUNCT
fbem-12163	104	8	*	*	PUNCT
fbem-12163	104	9	denote	denote	ADJ
fbem-12163	104	10	statistical	statistical	ADJ
fbem-12163	104	11	significance	significance	NOUN
fbem-12163	104	12	at	at	ADP
fbem-12163	104	13	the	the	DET
fbem-12163	104	14	10	10	NUM
fbem-12163	104	15	%	%	NOUN
fbem-12163	104	16	,	,	PUNCT
fbem-12163	104	17	5	5	NUM
fbem-12163	104	18	%	%	NOUN
fbem-12163	104	19	and	and	CCONJ
fbem-12163	104	20	1	1	NUM
fbem-12163	104	21	%	%	NOUN
fbem-12163	104	22	level	level	NOUN
fbem-12163	104	23	,	,	PUNCT
fbem-12163	104	24	respectively	respectively	ADV
fbem-12163	104	25	.	.	PUNCT
fbem-12163	105	1	advanced	advanced	ADJ
fbem-12163	105	2	industrial	industrial	ADJ
fbem-12163	105	3	structure	structure	NOUN
fbem-12163	105	4	original	original	ADJ
fbem-12163	105	5	fitted	fit	VERB
fbem-12163	105	6	coefficient	coefficient	NOUN
fbem-12163	105	7	t	t	PROPN
fbem-12163	105	8	value	value	NOUN
fbem-12163	105	9	coefficient	coefficient	NOUN
fbem-12163	105	10	t	t	PROPN
fbem-12163	105	11	value	value	NOUN
fbem-12163	105	12	trade	trade	NOUN
fbem-12163	105	13	fit	fit	ADJ
fbem-12163	105	14	value	value	NOUN
fbem-12163	105	15	-0.001	-0.001	NOUN
fbem-12163	105	16	*	*	PUNCT
fbem-12163	105	17	-1.65	-1.65	ADP
fbem-12163	105	18	-0.024	-0.024	PUNCT
fbem-12163	105	19	*	*	PUNCT
fbem-12163	105	20	*	*	PUNCT
fbem-12163	105	21	*	*	PUNCT
fbem-12163	105	22	-5.33	-5.33	NUM
fbem-12163	105	23	interactive	interactive	ADJ
fbem-12163	105	24	-0.017	-0.017	NOUN
fbem-12163	105	25	*	*	PUNCT
fbem-12163	105	26	*	*	PUNCT
fbem-12163	105	27	*	*	NOUN
fbem-12163	105	28	-7.60	-7.60	NUM
fbem-12163	105	29	-0.023	-0.023	NOUN
fbem-12163	105	30	*	*	PUNCT
fbem-12163	105	31	*	*	PUNCT
fbem-12163	105	32	*	*	PUNCT
fbem-12163	105	33	-9.28	-9.28	NOUN
fbem-12163	105	34	control	control	NOUN
fbem-12163	106	1	yes	yes	INTJ
fbem-12163	107	1	yes	yes	INTJ
fbem-12163	108	1	yes	yes	INTJ
fbem-12163	109	1	yes	yes	INTJ
fbem-12163	109	2	province	province	NOUN
fbem-12163	110	1	yes	yes	INTJ
fbem-12163	111	1	yes	yes	INTJ
fbem-12163	112	1	yes	yes	INTJ
fbem-12163	113	1	yes	yes	INTJ
fbem-12163	113	2	year	year	NOUN
fbem-12163	114	1	yes	yes	INTJ
fbem-12163	114	2	yes	yes	INTJ
fbem-12163	115	1	yes	yes	INTJ
fbem-12163	116	1	yes	yes	INTJ
fbem-12163	117	1	n	n	ADV
fbem-12163	117	2	1736	1736	NUM
fbem-12163	117	3	1736	1736	NUM
fbem-12163	117	4	1736	1736	NUM
fbem-12163	117	5	1736	1736	NUM
fbem-12163	118	1	the	the	DET
fbem-12163	118	2	index	index	NOUN
fbem-12163	118	3	of	of	ADP
fbem-12163	118	4	trade	trade	NOUN
fbem-12163	118	5	opening	opening	NOUN
fbem-12163	118	6	is	be	AUX
fbem-12163	118	7	significantly	significantly	ADV
fbem-12163	118	8	negative	negative	ADJ
fbem-12163	118	9	,	,	PUNCT
fbem-12163	118	10	which	which	PRON
fbem-12163	118	11	shows	show	VERB
fbem-12163	118	12	that	that	SCONJ
fbem-12163	118	13	trade	trade	NOUN
fbem-12163	118	14	opening	opening	NOUN
fbem-12163	118	15	can	can	AUX
fbem-12163	118	16	effectively	effectively	ADV
fbem-12163	118	17	restrain	restrain	VERB
fbem-12163	118	18	the	the	DET
fbem-12163	118	19	fluctuation	fluctuation	NOUN
fbem-12163	118	20	of	of	ADP
fbem-12163	118	21	the	the	DET
fbem-12163	118	22	real	real	ADJ
fbem-12163	118	23	effective	effective	ADJ
fbem-12163	118	24	exchange	exchange	NOUN
fbem-12163	118	25	rate	rate	NOUN
fbem-12163	118	26	of	of	ADP
fbem-12163	118	27	rmb	rmb	PROPN
fbem-12163	118	28	.	.	PUNCT
fbem-12163	119	1	based	base	VERB
fbem-12163	119	2	on	on	ADP
fbem-12163	119	3	the	the	DET
fbem-12163	119	4	industrial	industrial	ADJ
fbem-12163	119	5	structure	structure	NOUN
fbem-12163	119	6	of	of	ADP
fbem-12163	119	7	the	the	DET
fbem-12163	119	8	index	index	NOUN
fbem-12163	119	9	(	(	PUNCT
fbem-12163	119	10	interaction	interaction	NOUN
fbem-12163	119	11	)	)	PUNCT
fbem-12163	119	12	open	open	VERB
fbem-12163	119	13	the	the	DET
fbem-12163	119	14	influence	influence	NOUN
fbem-12163	119	15	of	of	ADP
fbem-12163	119	16	the	the	DET
fbem-12163	119	17	actual	actual	ADJ
fbem-12163	119	18	effective	effective	ADJ
fbem-12163	119	19	exchange	exchange	NOUN
fbem-12163	119	20	rate	rate	NOUN
fbem-12163	119	21	fluctuations	fluctuation	NOUN
fbem-12163	119	22	can	can	AUX
fbem-12163	119	23	be	be	AUX
fbem-12163	119	24	found	find	VERB
fbem-12163	119	25	,	,	PUNCT
fbem-12163	119	26	open	open	ADJ
fbem-12163	119	27	trade	trade	NOUN
fbem-12163	119	28	and	and	CCONJ
fbem-12163	119	29	industrial	industrial	ADJ
fbem-12163	119	30	structure	structure	NOUN
fbem-12163	119	31	height	height	NOUN
fbem-12163	119	32	the	the	DET
fbem-12163	119	33	interaction	interaction	NOUN
fbem-12163	119	34	is	be	AUX
fbem-12163	119	35	also	also	ADV
fbem-12163	119	36	significantly	significantly	ADV
fbem-12163	119	37	negative	negative	ADJ
fbem-12163	119	38	,	,	PUNCT
fbem-12163	119	39	that	that	SCONJ
fbem-12163	119	40	the	the	DET
fbem-12163	119	41	height	height	NOUN
fbem-12163	119	42	of	of	ADP
fbem-12163	119	43	the	the	DET
fbem-12163	119	44	industrial	industrial	ADJ
fbem-12163	119	45	structure	structure	NOUN
fbem-12163	119	46	can	can	AUX
fbem-12163	119	47	make	make	VERB
fbem-12163	119	48	trade	trade	NOUN
fbem-12163	119	49	open	open	ADJ
fbem-12163	119	50	on	on	ADP
fbem-12163	119	51	the	the	DET
fbem-12163	119	52	actual	actual	ADJ
fbem-12163	119	53	effective	effective	ADJ
fbem-12163	119	54	exchange	exchange	NOUN
fbem-12163	119	55	rate	rate	NOUN
fbem-12163	119	56	fluctuations	fluctuation	NOUN
fbem-12163	119	57	have	have	VERB
fbem-12163	119	58	certain	certain	ADJ
fbem-12163	119	59	inhibition	inhibition	NOUN
fbem-12163	119	60	and	and	CCONJ
fbem-12163	119	61	buffer	buffer	NOUN
fbem-12163	119	62	effect	effect	NOUN
fbem-12163	119	63	.	.	PUNCT
fbem-12163	120	1	the	the	DET
fbem-12163	120	2	rationalization	rationalization	NOUN
fbem-12163	120	3	of	of	ADP
fbem-12163	120	4	industrial	industrial	ADJ
fbem-12163	120	5	structure	structure	NOUN
fbem-12163	120	6	can	can	AUX
fbem-12163	120	7	restrain	restrain	VERB
fbem-12163	120	8	the	the	DET
fbem-12163	120	9	trade	trade	NOUN
fbem-12163	120	10	opening	opening	NOUN
fbem-12163	120	11	and	and	CCONJ
fbem-12163	120	12	have	have	VERB
fbem-12163	120	13	a	a	DET
fbem-12163	120	14	significant	significant	ADJ
fbem-12163	120	15	effect	effect	NOUN
fbem-12163	120	16	on	on	ADP
fbem-12163	120	17	the	the	DET
fbem-12163	120	18	fluctuation	fluctuation	NOUN
fbem-12163	120	19	of	of	ADP
fbem-12163	120	20	the	the	DET
fbem-12163	120	21	real	real	ADJ
fbem-12163	120	22	effective	effective	ADJ
fbem-12163	120	23	exchange	exchange	NOUN
fbem-12163	120	24	rate	rate	NOUN
fbem-12163	120	25	of	of	ADP
fbem-12163	120	26	rmb	rmb	NOUN
fbem-12163	120	27	.	.	PUNCT
fbem-12163	121	1	the	the	DET
fbem-12163	121	2	possible	possible	ADJ
fbem-12163	121	3	reason	reason	NOUN
fbem-12163	121	4	may	may	AUX
fbem-12163	121	5	be	be	AUX
fbem-12163	121	6	that	that	SCONJ
fbem-12163	121	7	the	the	DET
fbem-12163	121	8	high	high	ADJ
fbem-12163	121	9	degree	degree	NOUN
fbem-12163	121	10	of	of	ADP
fbem-12163	121	11	industrial	industrial	ADJ
fbem-12163	121	12	structure	structure	NOUN
fbem-12163	121	13	reflects	reflect	VERB
fbem-12163	121	14	the	the	DET
fbem-12163	121	15	resistance	resistance	NOUN
fbem-12163	121	16	of	of	ADP
fbem-12163	121	17	an	an	DET
fbem-12163	121	18	economy	economy	NOUN
fbem-12163	121	19	to	to	PART
fbem-12163	121	20	external	external	VERB
fbem-12163	121	21	shocks.the	shocks.the	X
fbem-12163	121	22	secondary	secondary	ADJ
fbem-12163	121	23	industry	industry	NOUN
fbem-12163	121	24	is	be	AUX
fbem-12163	121	25	mainly	mainly	ADV
fbem-12163	121	26	the	the	DET
fbem-12163	121	27	industrial	industrial	ADJ
fbem-12163	121	28	manufacturing	manufacturing	NOUN
fbem-12163	121	29	industry	industry	NOUN
fbem-12163	121	30	,	,	PUNCT
fbem-12163	121	31	which	which	PRON
fbem-12163	121	32	is	be	AUX
fbem-12163	121	33	greatly	greatly	ADV
fbem-12163	121	34	affected	affect	VERB
fbem-12163	121	35	by	by	ADP
fbem-12163	121	36	the	the	DET
fbem-12163	121	37	international	international	ADJ
fbem-12163	121	38	and	and	CCONJ
fbem-12163	121	39	domestic	domestic	ADJ
fbem-12163	121	40	trade	trade	NOUN
fbem-12163	121	41	production	production	NOUN
fbem-12163	121	42	,	,	PUNCT
fbem-12163	121	43	and	and	CCONJ
fbem-12163	121	44	its	its	PRON
fbem-12163	121	45	ability	ability	NOUN
fbem-12163	121	46	to	to	PART
fbem-12163	121	47	resist	resist	VERB
fbem-12163	121	48	external	external	ADJ
fbem-12163	121	49	shocks	shock	NOUN
fbem-12163	121	50	is	be	AUX
fbem-12163	121	51	weak	weak	ADJ
fbem-12163	121	52	.	.	PUNCT
fbem-12163	122	1	the	the	DET
fbem-12163	122	2	tertiary	tertiary	ADJ
fbem-12163	122	3	industry	industry	NOUN
fbem-12163	122	4	is	be	AUX
fbem-12163	122	5	mainly	mainly	ADV
fbem-12163	122	6	the	the	DET
fbem-12163	122	7	service	service	NOUN
fbem-12163	122	8	industry	industry	NOUN
fbem-12163	122	9	and	and	CCONJ
fbem-12163	122	10	the	the	DET
fbem-12163	122	11	high	high	ADJ
fbem-12163	122	12	-	-	PUNCT
fbem-12163	122	13	end	end	NOUN
fbem-12163	122	14	industry	industry	NOUN
fbem-12163	122	15	.	.	PUNCT
fbem-12163	123	1	the	the	DET
fbem-12163	123	2	increasing	increase	VERB
fbem-12163	123	3	proportion	proportion	NOUN
fbem-12163	123	4	of	of	ADP
fbem-12163	123	5	the	the	DET
fbem-12163	123	6	tertiary	tertiary	ADJ
fbem-12163	123	7	industry	industry	NOUN
fbem-12163	123	8	also	also	ADV
fbem-12163	123	9	shows	show	VERB
fbem-12163	123	10	that	that	SCONJ
fbem-12163	123	11	the	the	DET
fbem-12163	123	12	economy	economy	NOUN
fbem-12163	123	13	relies	rely	VERB
fbem-12163	123	14	on	on	ADP
fbem-12163	123	15	the	the	DET
fbem-12163	123	16	high	high	ADJ
fbem-12163	123	17	-	-	PUNCT
fbem-12163	123	18	end	end	NOUN
fbem-12163	123	19	intelligent	intelligent	ADJ
fbem-12163	123	20	service	service	NOUN
fbem-12163	123	21	industry	industry	NOUN
fbem-12163	123	22	and	and	CCONJ
fbem-12163	123	23	has	have	VERB
fbem-12163	123	24	a	a	DET
fbem-12163	123	25	strong	strong	ADJ
fbem-12163	123	26	ability	ability	NOUN
fbem-12163	123	27	to	to	PART
fbem-12163	123	28	resist	resist	VERB
fbem-12163	123	29	external	external	ADJ
fbem-12163	123	30	shocks	shock	NOUN
fbem-12163	123	31	.	.	PUNCT
fbem-12163	124	1	therefore	therefore	ADV
fbem-12163	124	2	,	,	PUNCT
fbem-12163	124	3	the	the	DET
fbem-12163	124	4	increasing	increase	VERB
fbem-12163	124	5	industrial	industrial	ADJ
fbem-12163	124	6	structure	structure	NOUN
fbem-12163	124	7	of	of	ADP
fbem-12163	124	8	a	a	DET
fbem-12163	124	9	country	country	NOUN
fbem-12163	124	10	can	can	AUX
fbem-12163	124	11	effectively	effectively	ADV
fbem-12163	124	12	alleviate	alleviate	VERB
fbem-12163	124	13	the	the	DET
fbem-12163	124	14	impact	impact	NOUN
fbem-12163	124	15	on	on	ADP
fbem-12163	124	16	economic	economic	ADJ
fbem-12163	124	17	development	development	NOUN
fbem-12163	124	18	,	,	PUNCT
fbem-12163	124	19	and	and	CCONJ
fbem-12163	124	20	also	also	ADV
fbem-12163	124	21	reflects	reflect	VERB
fbem-12163	124	22	the	the	DET
fbem-12163	124	23	slowing	slow	VERB
fbem-12163	124	24	effect	effect	NOUN
fbem-12163	124	25	of	of	ADP
fbem-12163	124	26	enhancing	enhance	VERB
fbem-12163	124	27	the	the	DET
fbem-12163	124	28	openness	openness	NOUN
fbem-12163	124	29	of	of	ADP
fbem-12163	124	30	trade	trade	NOUN
fbem-12163	124	31	on	on	ADP
fbem-12163	124	32	the	the	DET
fbem-12163	124	33	fluctuation	fluctuation	NOUN
fbem-12163	124	34	of	of	ADP
fbem-12163	124	35	the	the	DET
fbem-12163	124	36	real	real	ADJ
fbem-12163	124	37	effective	effective	ADJ
fbem-12163	124	38	exchange	exchange	NOUN
fbem-12163	124	39	rate	rate	NOUN
fbem-12163	124	40	of	of	ADP
fbem-12163	124	41	rmb	rmb	NOUN
fbem-12163	124	42	.	.	PUNCT
fbem-12163	125	1	5.3.2	5.3.2	X
fbem-12163	125	2	.	.	PUNCT
fbem-12163	126	1	promotion	promotion	NOUN
fbem-12163	126	2	and	and	CCONJ
fbem-12163	126	3	development	development	NOUN
fbem-12163	126	4	of	of	ADP
fbem-12163	126	5	"	"	PUNCT
fbem-12163	126	6	belt	belt	NOUN
fbem-12163	126	7	and	and	CCONJ
fbem-12163	126	8	road	road	NOUN
fbem-12163	126	9	"	"	PUNCT
fbem-12163	126	10	this	this	DET
fbem-12163	126	11	paper	paper	NOUN
fbem-12163	126	12	studies	study	VERB
fbem-12163	126	13	the	the	DET
fbem-12163	126	14	impact	impact	NOUN
fbem-12163	126	15	of	of	ADP
fbem-12163	126	16	development	development	NOUN
fbem-12163	126	17	on	on	ADP
fbem-12163	126	18	different	different	ADJ
fbem-12163	126	19	provincial	provincial	ADJ
fbem-12163	126	20	trade	trade	NOUN
fbem-12163	126	21	by	by	ADP
fbem-12163	126	22	using	use	VERB
fbem-12163	126	23	the	the	DET
fbem-12163	126	24	double	double	ADJ
fbem-12163	126	25	difference	difference	NOUN
fbem-12163	126	26	method	method	NOUN
fbem-12163	126	27	(	(	PUNCT
fbem-12163	126	28	did	do	AUX
fbem-12163	126	29	)	)	PUNCT
fbem-12163	126	30	.	.	PUNCT
fbem-12163	127	1	to	to	PART
fbem-12163	127	2	be	be	AUX
fbem-12163	127	3	able	able	ADJ
fbem-12163	127	4	to	to	PART
fbem-12163	127	5	use	use	VERB
fbem-12163	127	6	the	the	DET
fbem-12163	127	7	double	double	ADJ
fbem-12163	127	8	difference	difference	NOUN
fbem-12163	127	9	method	method	NOUN
fbem-12163	127	10	,	,	PUNCT
fbem-12163	127	11	we	we	PRON
fbem-12163	127	12	need	need	VERB
fbem-12163	127	13	to	to	PART
fbem-12163	127	14	determine	determine	VERB
fbem-12163	127	15	the	the	DET
fbem-12163	127	16	time	time	NOUN
fbem-12163	127	17	of	of	ADP
fbem-12163	127	18	policy	policy	NOUN
fbem-12163	127	19	implementation	implementation	NOUN
fbem-12163	127	20	as	as	ADP
fbem-12163	127	21	a	a	DET
fbem-12163	127	22	dummy	dummy	ADJ
fbem-12163	127	23	variable	variable	NOUN
fbem-12163	127	24	versus	versus	ADP
fbem-12163	127	25	whether	whether	SCONJ
fbem-12163	127	26	the	the	DET
fbem-12163	127	27	province	province	NOUN
fbem-12163	127	28	participated	participate	VERB
fbem-12163	127	29	in	in	ADP
fbem-12163	127	30	the	the	DET
fbem-12163	127	31	"	"	PUNCT
fbem-12163	127	32	belt	belt	NOUN
fbem-12163	127	33	and	and	CCONJ
fbem-12163	127	34	road	road	NOUN
fbem-12163	127	35	"	"	PUNCT
fbem-12163	127	36	policy	policy	NOUN
fbem-12163	127	37	as	as	ADP
fbem-12163	127	38	a	a	DET
fbem-12163	127	39	dummy	dummy	ADJ
fbem-12163	127	40	variable	variable	NOUN
fbem-12163	127	41	.	.	PUNCT
fbem-12163	128	1	therefore	therefore	ADV
fbem-12163	128	2	,	,	PUNCT
fbem-12163	128	3	we	we	PRON
fbem-12163	128	4	set	set	VERB
fbem-12163	128	5	a	a	DET
fbem-12163	128	6	time	time	NOUN
fbem-12163	128	7	virtual	virtual	ADJ
fbem-12163	128	8	variable	variable	NOUN
fbem-12163	128	9	t	t	PROPN
fbem-12163	128	10	advocated	advocate	VERB
fbem-12163	128	11	by	by	ADP
fbem-12163	128	12	"	"	PUNCT
fbem-12163	128	13	belt	belt	NOUN
fbem-12163	128	14	and	and	CCONJ
fbem-12163	128	15	road	road	NOUN
fbem-12163	128	16	"	"	PUNCT
fbem-12163	128	17	.	.	PUNCT
fbem-12163	129	1	by	by	ADP
fbem-12163	129	2	reviewing	review	VERB
fbem-12163	129	3	the	the	DET
fbem-12163	129	4	relevant	relevant	ADJ
fbem-12163	129	5	literature	literature	NOUN
fbem-12163	129	6	,	,	PUNCT
fbem-12163	129	7	we	we	PRON
fbem-12163	129	8	took	take	VERB
fbem-12163	129	9	0	0	NUM
fbem-12163	129	10	before	before	ADP
fbem-12163	129	11	2014	2014	NUM
fbem-12163	129	12	;	;	PUNCT
fbem-12163	129	13	and	and	CCONJ
fbem-12163	129	14	1	1	NUM
fbem-12163	129	15	for	for	ADP
fbem-12163	129	16	2014	2014	NUM
fbem-12163	129	17	and	and	CCONJ
fbem-12163	129	18	later.referring	later.referre	VERB
fbem-12163	129	19	to	to	ADP
fbem-12163	129	20	the	the	DET
fbem-12163	129	21	model	model	NOUN
fbem-12163	129	22	method	method	NOUN
fbem-12163	129	23	in	in	ADP
fbem-12163	129	24	cao	cao	PROPN
fbem-12163	129	25	wei	wei	PROPN
fbem-12163	129	26	et	et	PROPN
fbem-12163	129	27	al	al	PROPN
fbem-12163	129	28	.	.	PROPN
fbem-12163	130	1	(	(	PUNCT
fbem-12163	130	2	2019	2019	NUM
fbem-12163	130	3	)	)	PUNCT
fbem-12163	130	4	,	,	PUNCT
fbem-12163	130	5	the	the	DET
fbem-12163	130	6	ratio	ratio	NOUN
fbem-12163	130	7	of	of	ADP
fbem-12163	130	8	import	import	NOUN
fbem-12163	130	9	and	and	CCONJ
fbem-12163	130	10	export	export	NOUN
fbem-12163	130	11	trade	trade	NOUN
fbem-12163	130	12	volume	volume	NOUN
fbem-12163	130	13	between	between	ADP
fbem-12163	130	14	provinces	province	NOUN
fbem-12163	130	15	and	and	CCONJ
fbem-12163	130	16	cities	city	NOUN
fbem-12163	130	17	and	and	CCONJ
fbem-12163	130	18	countries	country	NOUN
fbem-12163	130	19	along	along	ADP
fbem-12163	130	20	the	the	DET
fbem-12163	130	21	"	"	PUNCT
fbem-12163	130	22	belt	belt	NOUN
fbem-12163	130	23	and	and	CCONJ
fbem-12163	130	24	road	road	NOUN
fbem-12163	130	25	"	"	PUNCT
fbem-12163	130	26	to	to	ADP
fbem-12163	130	27	that	that	PRON
fbem-12163	130	28	in	in	ADP
fbem-12163	130	29	the	the	DET
fbem-12163	130	30	same	same	ADJ
fbem-12163	130	31	period	period	NOUN
fbem-12163	130	32	is	be	AUX
fbem-12163	130	33	used	use	VERB
fbem-12163	130	34	as	as	ADP
fbem-12163	130	35	the	the	DET
fbem-12163	130	36	agent	agent	NOUN
fbem-12163	130	37	index	index	NOUN
fbem-12163	130	38	to	to	PART
fbem-12163	130	39	measure	measure	VERB
fbem-12163	130	40	the	the	DET
fbem-12163	130	41	influence	influence	NOUN
fbem-12163	130	42	of	of	ADP
fbem-12163	130	43	"	"	PUNCT
fbem-12163	130	44	belt	belt	NOUN
fbem-12163	130	45	and	and	CCONJ
fbem-12163	130	46	road	road	NOUN
fbem-12163	130	47	"	"	PUNCT
fbem-12163	130	48	promotion	promotion	NOUN
fbem-12163	130	49	and	and	CCONJ
fbem-12163	130	50	policy	policy	NOUN
fbem-12163	130	51	implementation	implementation	NOUN
fbem-12163	130	52	of	of	ADP
fbem-12163	130	53	provinces	province	NOUN
fbem-12163	130	54	and	and	CCONJ
fbem-12163	130	55	cities	city	NOUN
fbem-12163	130	56	.	.	PUNCT
fbem-12163	131	1	in	in	ADP
fbem-12163	131	2	order	order	NOUN
fbem-12163	131	3	to	to	PART
fbem-12163	131	4	ensure	ensure	VERB
fbem-12163	131	5	the	the	DET
fbem-12163	131	6	robustness	robustness	NOUN
fbem-12163	131	7	of	of	ADP
fbem-12163	131	8	the	the	DET
fbem-12163	131	9	regression	regression	NOUN
fbem-12163	131	10	results	result	NOUN
fbem-12163	131	11	,	,	PUNCT
fbem-12163	131	12	this	this	DET
fbem-12163	131	13	paper	paper	NOUN
fbem-12163	131	14	divides	divide	VERB
fbem-12163	131	15	the	the	DET
fbem-12163	131	16	median	median	ADJ
fbem-12163	131	17	proportion	proportion	NOUN
fbem-12163	131	18	of	of	ADP
fbem-12163	131	19	trade	trade	NOUN
fbem-12163	131	20	between	between	ADP
fbem-12163	131	21	provinces	province	NOUN
fbem-12163	131	22	and	and	CCONJ
fbem-12163	131	23	cities	city	NOUN
fbem-12163	131	24	and	and	CCONJ
fbem-12163	131	25	countries	country	NOUN
fbem-12163	131	26	along	along	ADP
fbem-12163	131	27	the	the	DET
fbem-12163	131	28	"	"	PUNCT
fbem-12163	131	29	belt	belt	NOUN
fbem-12163	131	30	and	and	CCONJ
fbem-12163	131	31	road	road	NOUN
fbem-12163	131	32	"	"	PUNCT
fbem-12163	131	33	.	.	PUNCT
fbem-12163	132	1	if	if	SCONJ
fbem-12163	132	2	the	the	DET
fbem-12163	132	3	median	median	NOUN
fbem-12163	132	4	is	be	AUX
fbem-12163	132	5	above	above	ADV
fbem-12163	132	6	is	be	AUX
fbem-12163	132	7	1	1	NUM
fbem-12163	132	8	,	,	PUNCT
fbem-12163	132	9	and	and	CCONJ
fbem-12163	132	10	the	the	DET
fbem-12163	132	11	following	follow	VERB
fbem-12163	132	12	is	be	AUX
fbem-12163	132	13	0	0	NUM
fbem-12163	132	14	to	to	PART
fbem-12163	132	15	indicate	indicate	VERB
fbem-12163	132	16	whether	whether	SCONJ
fbem-12163	132	17	the	the	DET
fbem-12163	132	18	policy	policy	NOUN
fbem-12163	132	19	is	be	AUX
fbem-12163	132	20	implemented[15	implemented[15	NOUN
fbem-12163	132	21	]	]	PUNCT
fbem-12163	132	22	.	.	PUNCT
fbem-12163	133	1	table	table	NOUN
fbem-12163	133	2	4	4	NUM
fbem-12163	133	3	.	.	PUNCT
fbem-12163	134	1	this	this	DET
fbem-12163	134	2	table	table	NOUN
fbem-12163	134	3	reports	report	VERB
fbem-12163	134	4	the	the	DET
fbem-12163	134	5	results	result	NOUN
fbem-12163	134	6	of	of	ADP
fbem-12163	134	7	the	the	DET
fbem-12163	134	8	difference	difference	NOUN
fbem-12163	134	9	-	-	PUNCT
fbem-12163	134	10	in	in	ADP
fbem-12163	134	11	-	-	PUNCT
fbem-12163	134	12	difference	difference	NOUN
fbem-12163	134	13	method	method	NOUN
fbem-12163	134	14	on	on	ADP
fbem-12163	134	15	the	the	DET
fbem-12163	134	16	impact	impact	NOUN
fbem-12163	134	17	of	of	ADP
fbem-12163	134	18	development	development	NOUN
fbem-12163	134	19	promoted	promote	VERB
fbem-12163	134	20	by	by	ADP
fbem-12163	134	21	the	the	DET
fbem-12163	134	22	belt	belt	NOUN
fbem-12163	134	23	and	and	CCONJ
fbem-12163	134	24	road	road	NOUN
fbem-12163	134	25	initiative	initiative	NOUN
fbem-12163	134	26	on	on	ADP
fbem-12163	134	27	trade	trade	NOUN
fbem-12163	134	28	at	at	ADP
fbem-12163	134	29	different	different	ADJ
fbem-12163	134	30	provincial	provincial	ADJ
fbem-12163	134	31	levels	level	NOUN
fbem-12163	134	32	.	.	PUNCT
fbem-12163	135	1	*	*	PUNCT
fbem-12163	135	2	,	,	PUNCT
fbem-12163	135	3	*	*	PUNCT
fbem-12163	135	4	*	*	PUNCT
fbem-12163	135	5	and	and	CCONJ
fbem-12163	135	6	*	*	PUNCT
fbem-12163	135	7	*	*	PUNCT
fbem-12163	135	8	*	*	PUNCT
fbem-12163	135	9	denote	denote	ADJ
fbem-12163	135	10	statistical	statistical	ADJ
fbem-12163	135	11	significance	significance	NOUN
fbem-12163	135	12	at	at	ADP
fbem-12163	135	13	the	the	DET
fbem-12163	135	14	10	10	NUM
fbem-12163	135	15	%	%	NOUN
fbem-12163	135	16	,	,	PUNCT
fbem-12163	135	17	5	5	NUM
fbem-12163	135	18	%	%	NOUN
fbem-12163	135	19	and	and	CCONJ
fbem-12163	135	20	1	1	NUM
fbem-12163	135	21	%	%	NOUN
fbem-12163	135	22	level	level	NOUN
fbem-12163	135	23	,	,	PUNCT
fbem-12163	135	24	respectively	respectively	ADV
fbem-12163	135	25	.	.	PUNCT
fbem-12163	136	1	original	original	ADJ
fbem-12163	136	2	fitted	fit	VERB
fbem-12163	136	3	coefficient	coefficient	NOUN
fbem-12163	136	4	t	t	PROPN
fbem-12163	136	5	value	value	NOUN
fbem-12163	136	6	coefficient	coefficient	NOUN
fbem-12163	136	7	t	t	PROPN
fbem-12163	136	8	value	value	NOUN
fbem-12163	136	9	trade	trade	NOUN
fbem-12163	136	10	fit	fit	ADJ
fbem-12163	136	11	value	value	NOUN
fbem-12163	136	12	-0.001	-0.001	NOUN
fbem-12163	136	13	-1.07	-1.07	NOUN
fbem-12163	136	14	-0.016	-0.016	PUNCT
fbem-12163	136	15	*	*	PUNCT
fbem-12163	136	16	*	*	PUNCT
fbem-12163	136	17	*	*	PUNCT
fbem-12163	136	18	-3.84	-3.84	NUM
fbem-12163	136	19	dum	dum	PROPN
fbem-12163	136	20	0.003	0.003	NUM
fbem-12163	136	21	-0.27	-0.27	NUM
fbem-12163	136	22	-0.002	-0.002	PUNCT
fbem-12163	136	23	-0.17	-0.17	NOUN
fbem-12163	136	24	did	do	VERB
fbem-12163	136	25	-0.016	-0.016	X
fbem-12163	136	26	*	*	PUNCT
fbem-12163	136	27	*	*	PUNCT
fbem-12163	136	28	-2.56	-2.56	NUM
fbem-12163	136	29	0.012	0.012	NUM
fbem-12163	136	30	*	*	NOUN
fbem-12163	136	31	*	*	PROPN
fbem-12163	136	32	2.52	2.52	NUM
fbem-12163	136	33	control	control	NOUN
fbem-12163	137	1	yes	yes	INTJ
fbem-12163	138	1	yes	yes	INTJ
fbem-12163	139	1	yes	yes	INTJ
fbem-12163	140	1	yes	yes	INTJ
fbem-12163	140	2	province	province	NOUN
fbem-12163	141	1	yes	yes	INTJ
fbem-12163	142	1	yes	yes	INTJ
fbem-12163	143	1	yes	yes	INTJ
fbem-12163	144	1	yes	yes	INTJ
fbem-12163	144	2	year	year	NOUN
fbem-12163	145	1	yes	yes	INTJ
fbem-12163	145	2	yes	yes	INTJ
fbem-12163	146	1	yes	yes	INTJ
fbem-12163	147	1	yes	yes	INTJ
fbem-12163	148	1	n	n	ADV
fbem-12163	148	2	1736	1736	NUM
fbem-12163	148	3	1736	1736	NUM
fbem-12163	148	4	1736	1736	NUM
fbem-12163	148	5	1736	1736	NUM
fbem-12163	148	6	59	59	NUM
fbem-12163	148	7	as	as	SCONJ
fbem-12163	148	8	shown	show	VERB
fbem-12163	148	9	in	in	ADP
fbem-12163	148	10	table	table	NOUN
fbem-12163	148	11	3	3	NUM
fbem-12163	148	12	,	,	PUNCT
fbem-12163	148	13	open	open	ADJ
fbem-12163	148	14	trade	trade	NOUN
fbem-12163	148	15	is	be	AUX
fbem-12163	148	16	consistent	consistent	ADJ
fbem-12163	148	17	with	with	ADP
fbem-12163	148	18	the	the	DET
fbem-12163	148	19	above	above	ADJ
fbem-12163	148	20	model	model	NOUN
fbem-12163	148	21	is	be	AUX
fbem-12163	148	22	significantly	significantly	ADV
fbem-12163	148	23	negative	negative	ADJ
fbem-12163	148	24	,	,	PUNCT
fbem-12163	148	25	time	time	NOUN
fbem-12163	148	26	virtual	virtual	ADJ
fbem-12163	148	27	variables	variable	NOUN
fbem-12163	148	28	and	and	CCONJ
fbem-12163	148	29	provinces	province	NOUN
fbem-12163	148	30	and	and	CCONJ
fbem-12163	148	31	cities	city	NOUN
fbem-12163	148	32	affected	affect	VERB
fbem-12163	148	33	by	by	ADP
fbem-12163	148	34	the	the	DET
fbem-12163	148	35	"	"	PUNCT
fbem-12163	148	36	belt	belt	NOUN
fbem-12163	148	37	and	and	CCONJ
fbem-12163	148	38	road	road	NOUN
fbem-12163	148	39	"	"	PUNCT
fbem-12163	148	40	advocate	advocate	NOUN
fbem-12163	148	41	development	development	NOUN
fbem-12163	148	42	policy	policy	NOUN
fbem-12163	148	43	of	of	ADP
fbem-12163	148	44	virtual	virtual	ADJ
fbem-12163	148	45	variable	variable	ADJ
fbem-12163	148	46	interaction	interaction	NOUN
fbem-12163	148	47	value	value	NOUN
fbem-12163	148	48	of	of	ADP
fbem-12163	148	49	the	the	DET
fbem-12163	148	50	regression	regression	NOUN
fbem-12163	148	51	coefficient	coefficient	NOUN
fbem-12163	148	52	is	be	AUX
fbem-12163	148	53	significantly	significantly	ADV
fbem-12163	148	54	positive	positive	ADJ
fbem-12163	148	55	,	,	PUNCT
fbem-12163	148	56	this	this	PRON
fbem-12163	148	57	shows	show	VERB
fbem-12163	148	58	that	that	SCONJ
fbem-12163	148	59	the	the	DET
fbem-12163	148	60	development	development	NOUN
fbem-12163	148	61	of	of	ADP
fbem-12163	148	62	"	"	PUNCT
fbem-12163	148	63	belt	belt	NOUN
fbem-12163	148	64	and	and	CCONJ
fbem-12163	148	65	road	road	NOUN
fbem-12163	148	66	"	"	PUNCT
fbem-12163	148	67	the	the	DET
fbem-12163	148	68	international	international	ADJ
fbem-12163	148	69	policy	policy	NOUN
fbem-12163	148	70	for	for	ADP
fbem-12163	148	71	various	various	ADJ
fbem-12163	148	72	provinces	province	NOUN
fbem-12163	148	73	and	and	CCONJ
fbem-12163	148	74	cities	city	NOUN
fbem-12163	148	75	of	of	ADP
fbem-12163	148	76	import	import	NOUN
fbem-12163	148	77	and	and	CCONJ
fbem-12163	148	78	export	export	NOUN
fbem-12163	148	79	trade	trade	NOUN
fbem-12163	148	80	fluctuations	fluctuation	NOUN
fbem-12163	148	81	will	will	AUX
fbem-12163	148	82	increase	increase	VERB
fbem-12163	148	83	significantly	significantly	ADV
fbem-12163	148	84	,	,	PUNCT
fbem-12163	148	85	so	so	SCONJ
fbem-12163	148	86	as	as	SCONJ
fbem-12163	148	87	to	to	PART
fbem-12163	148	88	achieve	achieve	VERB
fbem-12163	148	89	the	the	DET
fbem-12163	148	90	actual	actual	ADJ
fbem-12163	148	91	effective	effective	ADJ
fbem-12163	148	92	exchange	exchange	NOUN
fbem-12163	148	93	rate	rate	NOUN
fbem-12163	148	94	fluctuations	fluctuation	NOUN
fbem-12163	148	95	will	will	AUX
fbem-12163	148	96	be	be	AUX
fbem-12163	148	97	increased.taking	increased.take	VERB
fbem-12163	148	98	the	the	DET
fbem-12163	148	99	regression	regression	NOUN
fbem-12163	148	100	results	result	NOUN
fbem-12163	148	101	of	of	ADP
fbem-12163	148	102	the	the	DET
fbem-12163	148	103	trade	trade	NOUN
fbem-12163	148	104	proportion	proportion	NOUN
fbem-12163	148	105	of	of	ADP
fbem-12163	148	106	provinces	province	NOUN
fbem-12163	148	107	and	and	CCONJ
fbem-12163	148	108	cities	city	NOUN
fbem-12163	148	109	and	and	CCONJ
fbem-12163	148	110	the	the	DET
fbem-12163	148	111	belt	belt	NOUN
fbem-12163	148	112	and	and	CCONJ
fbem-12163	148	113	road	road	NOUN
fbem-12163	148	114	countries	country	NOUN
fbem-12163	148	115	as	as	ADP
fbem-12163	148	116	the	the	DET
fbem-12163	148	117	median	median	ADJ
fbem-12163	148	118	point	point	NOUN
fbem-12163	148	119	as	as	ADP
fbem-12163	148	120	the	the	DET
fbem-12163	148	121	fitting	fitting	ADJ
fbem-12163	148	122	value	value	NOUN
fbem-12163	148	123	of	of	ADP
fbem-12163	148	124	virtual	virtual	ADJ
fbem-12163	148	125	policy	policy	NOUN
fbem-12163	148	126	variables	variable	NOUN
fbem-12163	148	127	as	as	ADP
fbem-12163	148	128	an	an	DET
fbem-12163	148	129	example	example	NOUN
fbem-12163	148	130	,	,	PUNCT
fbem-12163	148	131	compared	compare	VERB
fbem-12163	148	132	with	with	ADP
fbem-12163	148	133	the	the	DET
fbem-12163	148	134	promotion	promotion	NOUN
fbem-12163	148	135	and	and	CCONJ
fbem-12163	148	136	development	development	NOUN
fbem-12163	148	137	of	of	ADP
fbem-12163	148	138	"	"	PUNCT
fbem-12163	148	139	belt	belt	NOUN
fbem-12163	148	140	and	and	CCONJ
fbem-12163	148	141	road	road	NOUN
fbem-12163	148	142	"	"	PUNCT
fbem-12163	148	143	,	,	PUNCT
fbem-12163	148	144	the	the	DET
fbem-12163	148	145	real	real	ADJ
fbem-12163	148	146	effective	effective	ADJ
fbem-12163	148	147	exchange	exchange	NOUN
fbem-12163	148	148	rate	rate	NOUN
fbem-12163	148	149	fluctuation	fluctuation	NOUN
fbem-12163	148	150	of	of	ADP
fbem-12163	148	151	rmb	rmb	PROPN
fbem-12163	148	152	increased	increase	VERB
fbem-12163	148	153	by	by	ADP
fbem-12163	148	154	1.169	1.169	NUM
fbem-12163	148	155	%	%	NOUN
fbem-12163	148	156	.	.	PUNCT
fbem-12163	149	1	6	6	X
fbem-12163	149	2	.	.	X
fbem-12163	149	3	conclusion	conclusion	NOUN
fbem-12163	149	4	6.1	6.1	NUM
fbem-12163	149	5	.	.	PUNCT
fbem-12163	150	1	conclusion	conclusion	NOUN
fbem-12163	150	2	summary	summary	NOUN
fbem-12163	150	3	first	first	ADV
fbem-12163	150	4	,	,	PUNCT
fbem-12163	150	5	this	this	DET
fbem-12163	150	6	paper	paper	NOUN
fbem-12163	150	7	borrowed	borrow	VERB
fbem-12163	150	8	hau	hau	NOUN
fbem-12163	150	9	(	(	PUNCT
fbem-12163	150	10	2000	2000	NUM
fbem-12163	150	11	)	)	PUNCT
fbem-12163	150	12	and	and	CCONJ
fbem-12163	150	13	calderon	calderon	NOUN
fbem-12163	150	14	&	&	CCONJ
fbem-12163	150	15	kubota	kubota	PROPN
fbem-12163	150	16	(	(	PUNCT
fbem-12163	150	17	2017	2017	NUM
fbem-12163	150	18	)	)	PUNCT
fbem-12163	150	19	of	of	ADP
fbem-12163	150	20	the	the	DET
fbem-12163	150	21	theoretical	theoretical	ADJ
fbem-12163	150	22	model	model	NOUN
fbem-12163	150	23	of	of	ADP
fbem-12163	150	24	trade	trade	NOUN
fbem-12163	150	25	open	open	ADJ
fbem-12163	150	26	influence	influence	NOUN
fbem-12163	150	27	on	on	ADP
fbem-12163	150	28	the	the	DET
fbem-12163	150	29	actual	actual	ADJ
fbem-12163	150	30	effective	effective	ADJ
fbem-12163	150	31	exchange	exchange	NOUN
fbem-12163	150	32	rate	rate	NOUN
fbem-12163	150	33	fluctuations	fluctuation	NOUN
fbem-12163	150	34	found	find	VERB
fbem-12163	150	35	that	that	SCONJ
fbem-12163	150	36	for	for	ADP
fbem-12163	150	37	the	the	DET
fbem-12163	150	38	construction	construction	NOUN
fbem-12163	150	39	of	of	ADP
fbem-12163	150	40	currency	currency	NOUN
fbem-12163	150	41	impact	impact	NOUN
fbem-12163	150	42	,	,	PUNCT
fbem-12163	150	43	technical	technical	ADJ
fbem-12163	150	44	impact	impact	NOUN
fbem-12163	150	45	and	and	CCONJ
fbem-12163	150	46	financial	financial	ADJ
fbem-12163	150	47	impact	impact	NOUN
fbem-12163	150	48	technical	technical	ADJ
fbem-12163	150	49	indicators	indicator	NOUN
fbem-12163	150	50	,	,	PUNCT
fbem-12163	150	51	the	the	DET
fbem-12163	150	52	provincial	provincial	ADJ
fbem-12163	150	53	trade	trade	NOUN
fbem-12163	150	54	opening	opening	NOUN
fbem-12163	150	55	can	can	AUX
fbem-12163	150	56	effectively	effectively	ADV
fbem-12163	150	57	reduce	reduce	VERB
fbem-12163	150	58	the	the	DET
fbem-12163	150	59	fluctuation	fluctuation	NOUN
fbem-12163	150	60	of	of	ADP
fbem-12163	150	61	rmb	rmb	PROPN
fbem-12163	150	62	actual	actual	ADJ
fbem-12163	150	63	effective	effective	ADJ
fbem-12163	150	64	exchange	exchange	NOUN
fbem-12163	150	65	rate	rate	NOUN
fbem-12163	150	66	,	,	PUNCT
fbem-12163	150	67	and	and	CCONJ
fbem-12163	150	68	the	the	DET
fbem-12163	150	69	model	model	NOUN
fbem-12163	150	70	of	of	ADP
fbem-12163	150	71	robust	robust	ADJ
fbem-12163	150	72	analysis	analysis	NOUN
fbem-12163	150	73	,	,	PUNCT
fbem-12163	150	74	under	under	ADP
fbem-12163	150	75	such	such	ADJ
fbem-12163	150	76	conditions	condition	NOUN
fbem-12163	150	77	,	,	PUNCT
fbem-12163	150	78	the	the	DET
fbem-12163	150	79	original	original	ADJ
fbem-12163	150	80	trade	trade	NOUN
fbem-12163	150	81	opening	opening	NOUN
fbem-12163	150	82	and	and	CCONJ
fbem-12163	150	83	the	the	DET
fbem-12163	150	84	fitting	fitting	ADJ
fbem-12163	150	85	trade	trade	NOUN
fbem-12163	150	86	opening	opening	NOUN
fbem-12163	150	87	can	can	AUX
fbem-12163	150	88	significantly	significantly	ADV
fbem-12163	150	89	reduce	reduce	VERB
fbem-12163	150	90	the	the	DET
fbem-12163	150	91	fluctuation	fluctuation	NOUN
fbem-12163	150	92	of	of	ADP
fbem-12163	150	93	rmb	rmb	PROPN
fbem-12163	150	94	effective	effective	ADJ
fbem-12163	150	95	exchange	exchange	NOUN
fbem-12163	150	96	rate[3,8].secondly	rate[3,8].secondly	ADV
fbem-12163	150	97	,	,	PUNCT
fbem-12163	150	98	this	this	DET
fbem-12163	150	99	paper	paper	NOUN
fbem-12163	150	100	examines	examine	VERB
fbem-12163	150	101	the	the	DET
fbem-12163	150	102	fluctuation	fluctuation	NOUN
fbem-12163	150	103	rate	rate	NOUN
fbem-12163	150	104	of	of	ADP
fbem-12163	150	105	the	the	DET
fbem-12163	150	106	rmb	rmb	NOUN
fbem-12163	150	107	real	real	ADJ
fbem-12163	150	108	effective	effective	ADJ
fbem-12163	150	109	exchange	exchange	NOUN
fbem-12163	150	110	rate	rate	NOUN
fbem-12163	150	111	at	at	ADP
fbem-12163	150	112	the	the	DET
fbem-12163	150	113	provincial	provincial	ADJ
fbem-12163	150	114	level	level	NOUN
fbem-12163	150	115	,	,	PUNCT
fbem-12163	150	116	including	include	VERB
fbem-12163	150	117	the	the	DET
fbem-12163	150	118	influence	influence	NOUN
fbem-12163	150	119	of	of	ADP
fbem-12163	150	120	the	the	DET
fbem-12163	150	121	total	total	ADJ
fbem-12163	150	122	index	index	NOUN
fbem-12163	150	123	and	and	CCONJ
fbem-12163	150	124	detailed	detailed	ADJ
fbem-12163	150	125	index	index	NOUN
fbem-12163	150	126	of	of	ADP
fbem-12163	150	127	trade	trade	NOUN
fbem-12163	150	128	opening	opening	NOUN
fbem-12163	150	129	on	on	ADP
fbem-12163	150	130	the	the	DET
fbem-12163	150	131	real	real	ADJ
fbem-12163	150	132	effective	effective	ADJ
fbem-12163	150	133	exchange	exchange	NOUN
fbem-12163	150	134	rate	rate	NOUN
fbem-12163	150	135	fluctuation	fluctuation	NOUN
fbem-12163	150	136	of	of	ADP
fbem-12163	150	137	rmb	rmb	PROPN
fbem-12163	150	138	under	under	ADP
fbem-12163	150	139	the	the	DET
fbem-12163	150	140	trade	trade	NOUN
fbem-12163	150	141	level	level	NOUN
fbem-12163	150	142	of	of	ADP
fbem-12163	150	143	each	each	PRON
fbem-12163	150	144	province.finally	province.finally	ADV
fbem-12163	150	145	,	,	PUNCT
fbem-12163	150	146	this	this	DET
fbem-12163	150	147	paper	paper	NOUN
fbem-12163	150	148	discusses	discuss	VERB
fbem-12163	150	149	how	how	SCONJ
fbem-12163	150	150	the	the	DET
fbem-12163	150	151	change	change	NOUN
fbem-12163	150	152	of	of	ADP
fbem-12163	150	153	industrial	industrial	ADJ
fbem-12163	150	154	structure	structure	NOUN
fbem-12163	150	155	and	and	CCONJ
fbem-12163	150	156	what	what	PRON
fbem-12163	150	157	the	the	DET
fbem-12163	150	158	promotion	promotion	NOUN
fbem-12163	150	159	and	and	CCONJ
fbem-12163	150	160	development	development	NOUN
fbem-12163	150	161	of	of	ADP
fbem-12163	150	162	"	"	PUNCT
fbem-12163	150	163	belt	belt	NOUN
fbem-12163	150	164	and	and	CCONJ
fbem-12163	150	165	road	road	NOUN
fbem-12163	150	166	"	"	PUNCT
fbem-12163	150	167	will	will	AUX
fbem-12163	150	168	have	have	VERB
fbem-12163	150	169	on	on	ADP
fbem-12163	150	170	the	the	DET
fbem-12163	150	171	real	real	ADJ
fbem-12163	150	172	effective	effective	ADJ
fbem-12163	150	173	exchange	exchange	NOUN
fbem-12163	150	174	rate	rate	NOUN
fbem-12163	150	175	of	of	ADP
fbem-12163	150	176	rmb	rmb	NOUN
fbem-12163	150	177	.	.	PUNCT
fbem-12163	151	1	the	the	DET
fbem-12163	151	2	results	result	NOUN
fbem-12163	151	3	of	of	ADP
fbem-12163	151	4	the	the	DET
fbem-12163	151	5	empirical	empirical	ADJ
fbem-12163	151	6	research	research	NOUN
fbem-12163	151	7	can	can	AUX
fbem-12163	151	8	be	be	AUX
fbem-12163	151	9	obtained	obtain	VERB
fbem-12163	151	10	as	as	ADP
fbem-12163	151	11	follows	follow	VERB
fbem-12163	151	12	:	:	PUNCT
fbem-12163	151	13	first	first	ADV
fbem-12163	151	14	,	,	PUNCT
fbem-12163	151	15	under	under	ADP
fbem-12163	151	16	the	the	DET
fbem-12163	151	17	construction	construction	NOUN
fbem-12163	151	18	indicators	indicator	NOUN
fbem-12163	151	19	of	of	ADP
fbem-12163	151	20	monetary	monetary	ADJ
fbem-12163	151	21	shock	shock	NOUN
fbem-12163	151	22	,	,	PUNCT
fbem-12163	151	23	technological	technological	ADJ
fbem-12163	151	24	shock	shock	NOUN
fbem-12163	151	25	and	and	CCONJ
fbem-12163	151	26	fiscal	fiscal	ADJ
fbem-12163	151	27	shock	shock	NOUN
fbem-12163	151	28	,	,	PUNCT
fbem-12163	151	29	trade	trade	NOUN
fbem-12163	151	30	opening	opening	NOUN
fbem-12163	151	31	can	can	AUX
fbem-12163	151	32	effectively	effectively	ADV
fbem-12163	151	33	restrain	restrain	VERB
fbem-12163	151	34	or	or	CCONJ
fbem-12163	151	35	slow	slow	VERB
fbem-12163	151	36	down	down	ADP
fbem-12163	151	37	the	the	DET
fbem-12163	151	38	fluctuation	fluctuation	NOUN
fbem-12163	151	39	of	of	ADP
fbem-12163	151	40	the	the	DET
fbem-12163	151	41	real	real	ADJ
fbem-12163	151	42	effective	effective	ADJ
fbem-12163	151	43	exchange	exchange	NOUN
fbem-12163	151	44	rate	rate	NOUN
fbem-12163	151	45	of	of	ADP
fbem-12163	151	46	rmb.second	rmb.second	PROPN
fbem-12163	151	47	,	,	PUNCT
fbem-12163	151	48	the	the	DET
fbem-12163	151	49	provinces	province	NOUN
fbem-12163	151	50	and	and	CCONJ
fbem-12163	151	51	cities	city	NOUN
fbem-12163	151	52	of	of	ADP
fbem-12163	151	53	the	the	DET
fbem-12163	151	54	industrial	industrial	ADJ
fbem-12163	151	55	structure	structure	NOUN
fbem-12163	151	56	of	of	ADP
fbem-12163	151	57	the	the	DET
fbem-12163	151	58	more	more	ADV
fbem-12163	151	59	reasonable	reasonable	ADJ
fbem-12163	151	60	,	,	PUNCT
fbem-12163	151	61	open	open	ADJ
fbem-12163	151	62	trade	trade	NOUN
fbem-12163	151	63	for	for	ADP
fbem-12163	151	64	refinement	refinement	NOUN
fbem-12163	151	65	for	for	ADP
fbem-12163	151	66	the	the	DET
fbem-12163	151	67	provincial	provincial	ADJ
fbem-12163	151	68	trade	trade	NOUN
fbem-12163	151	69	level	level	NOUN
fbem-12163	151	70	and	and	CCONJ
fbem-12163	151	71	eliminate	eliminate	VERB
fbem-12163	151	72	under	under	ADP
fbem-12163	151	73	the	the	DET
fbem-12163	151	74	influence	influence	NOUN
fbem-12163	151	75	of	of	ADP
fbem-12163	151	76	the	the	DET
fbem-12163	151	77	price	price	NOUN
fbem-12163	151	78	level	level	NOUN
fbem-12163	151	79	for	for	ADP
fbem-12163	151	80	the	the	DET
fbem-12163	151	81	actual	actual	ADJ
fbem-12163	151	82	effective	effective	ADJ
fbem-12163	151	83	exchange	exchange	NOUN
fbem-12163	151	84	rate	rate	NOUN
fbem-12163	151	85	fluctuations	fluctuation	NOUN
fbem-12163	151	86	slow	slow	ADJ
fbem-12163	151	87	inhibition	inhibition	NOUN
fbem-12163	151	88	will	will	AUX
fbem-12163	151	89	be	be	AUX
fbem-12163	151	90	more	more	ADV
fbem-12163	151	91	enlarged	enlarge	VERB
fbem-12163	151	92	,	,	PUNCT
fbem-12163	151	93	based	base	VERB
fbem-12163	151	94	on	on	ADP
fbem-12163	151	95	the	the	DET
fbem-12163	151	96	trade	trade	NOUN
fbem-12163	151	97	opening	opening	NOUN
fbem-12163	151	98	and	and	CCONJ
fbem-12163	151	99	industry	industry	NOUN
fbem-12163	151	100	highly	highly	ADV
fbem-12163	151	101	reasonable	reasonable	ADJ
fbem-12163	151	102	interaction	interaction	NOUN
fbem-12163	151	103	significantly	significantly	ADV
fbem-12163	151	104	negative	negative	ADJ
fbem-12163	151	105	can	can	AUX
fbem-12163	151	106	be	be	AUX
fbem-12163	151	107	more	more	ADV
fbem-12163	151	108	open	open	ADJ
fbem-12163	151	109	trade	trade	NOUN
fbem-12163	151	110	for	for	ADP
fbem-12163	151	111	the	the	DET
fbem-12163	151	112	actual	actual	ADJ
fbem-12163	151	113	effective	effective	ADJ
fbem-12163	151	114	exchange	exchange	NOUN
fbem-12163	151	115	rate	rate	NOUN
fbem-12163	151	116	fluctuations	fluctuation	NOUN
fbem-12163	151	117	have	have	VERB
fbem-12163	151	118	slow	slow	ADJ
fbem-12163	151	119	inhibition.third	inhibition.third	NOUN
fbem-12163	151	120	,	,	PUNCT
fbem-12163	151	121	with	with	ADP
fbem-12163	151	122	the	the	DET
fbem-12163	151	123	promotion	promotion	NOUN
fbem-12163	151	124	and	and	CCONJ
fbem-12163	151	125	development	development	NOUN
fbem-12163	151	126	of	of	ADP
fbem-12163	151	127	"	"	PUNCT
fbem-12163	151	128	belt	belt	NOUN
fbem-12163	151	129	and	and	CCONJ
fbem-12163	151	130	road	road	NOUN
fbem-12163	151	131	"	"	PUNCT
fbem-12163	151	132	,	,	PUNCT
fbem-12163	151	133	the	the	DET
fbem-12163	151	134	real	real	ADJ
fbem-12163	151	135	effective	effective	ADJ
fbem-12163	151	136	exchange	exchange	NOUN
fbem-12163	151	137	rate	rate	NOUN
fbem-12163	151	138	fluctuation	fluctuation	NOUN
fbem-12163	151	139	of	of	ADP
fbem-12163	151	140	rmb	rmb	PROPN
fbem-12163	151	141	has	have	VERB
fbem-12163	151	142	certain	certain	ADJ
fbem-12163	151	143	uncertainty	uncertainty	NOUN
fbem-12163	151	144	,	,	PUNCT
fbem-12163	151	145	in	in	ADP
fbem-12163	151	146	the	the	DET
fbem-12163	151	147	light	light	NOUN
fbem-12163	151	148	of	of	ADP
fbem-12163	151	149	the	the	DET
fbem-12163	151	150	actual	actual	ADJ
fbem-12163	151	151	trade	trade	NOUN
fbem-12163	151	152	opening	opening	NOUN
fbem-12163	151	153	-	-	PUNCT
fbem-12163	151	154	up	up	NOUN
fbem-12163	151	155	,	,	PUNCT
fbem-12163	151	156	the	the	DET
fbem-12163	151	157	promotion	promotion	NOUN
fbem-12163	151	158	and	and	CCONJ
fbem-12163	151	159	development	development	NOUN
fbem-12163	151	160	of	of	ADP
fbem-12163	151	161	"	"	PUNCT
fbem-12163	151	162	belt	belt	NOUN
fbem-12163	151	163	and	and	CCONJ
fbem-12163	151	164	road	road	NOUN
fbem-12163	151	165	"	"	PUNCT
fbem-12163	151	166	intensified	intensify	VERB
fbem-12163	151	167	the	the	DET
fbem-12163	151	168	fluctuation	fluctuation	NOUN
fbem-12163	151	169	of	of	ADP
fbem-12163	151	170	the	the	DET
fbem-12163	151	171	real	real	ADJ
fbem-12163	151	172	effective	effective	ADJ
fbem-12163	151	173	exchange	exchange	NOUN
fbem-12163	151	174	rate	rate	NOUN
fbem-12163	151	175	,	,	PUNCT
fbem-12163	151	176	perhaps	perhaps	ADV
fbem-12163	151	177	due	due	ADP
fbem-12163	151	178	to	to	ADP
fbem-12163	151	179	the	the	DET
fbem-12163	151	180	promotion	promotion	NOUN
fbem-12163	151	181	and	and	CCONJ
fbem-12163	151	182	development	development	NOUN
fbem-12163	151	183	of	of	ADP
fbem-12163	151	184	"	"	PUNCT
fbem-12163	151	185	belt	belt	NOUN
fbem-12163	151	186	and	and	CCONJ
fbem-12163	151	187	road	road	NOUN
fbem-12163	151	188	"	"	PUNCT
fbem-12163	151	189	,	,	PUNCT
fbem-12163	151	190	china	china	PROPN
fbem-12163	151	191	's	's	PART
fbem-12163	151	192	import	import	NOUN
fbem-12163	151	193	and	and	CCONJ
fbem-12163	151	194	export	export	NOUN
fbem-12163	151	195	trade	trade	NOUN
fbem-12163	151	196	of	of	ADP
fbem-12163	151	197	primary	primary	ADJ
fbem-12163	151	198	products	product	NOUN
fbem-12163	151	199	of	of	ADP
fbem-12163	151	200	countries	country	NOUN
fbem-12163	151	201	along	along	ADP
fbem-12163	151	202	the	the	DET
fbem-12163	151	203	"	"	PUNCT
fbem-12163	151	204	belt	belt	NOUN
fbem-12163	151	205	and	and	CCONJ
fbem-12163	151	206	road	road	NOUN
fbem-12163	151	207	"	"	PUNCT
fbem-12163	151	208	has	have	AUX
fbem-12163	151	209	increased	increase	VERB
fbem-12163	151	210	,	,	PUNCT
fbem-12163	151	211	however	however	ADV
fbem-12163	151	212	,	,	PUNCT
fbem-12163	151	213	the	the	DET
fbem-12163	151	214	relative	relative	ADJ
fbem-12163	151	215	decrease	decrease	NOUN
fbem-12163	151	216	of	of	ADP
fbem-12163	151	217	the	the	DET
fbem-12163	151	218	import	import	NOUN
fbem-12163	151	219	and	and	CCONJ
fbem-12163	151	220	export	export	NOUN
fbem-12163	151	221	trade	trade	NOUN
fbem-12163	151	222	of	of	ADP
fbem-12163	151	223	capital	capital	NOUN
fbem-12163	151	224	,	,	PUNCT
fbem-12163	151	225	technology	technology	NOUN
fbem-12163	151	226	and	and	CCONJ
fbem-12163	151	227	other	other	ADJ
fbem-12163	151	228	products	product	NOUN
fbem-12163	151	229	leads	lead	VERB
fbem-12163	151	230	to	to	ADP
fbem-12163	151	231	the	the	DET
fbem-12163	151	232	actual	actual	ADJ
fbem-12163	151	233	trade	trade	NOUN
fbem-12163	151	234	opening	opening	NOUN
fbem-12163	151	235	,	,	PUNCT
fbem-12163	151	236	the	the	DET
fbem-12163	151	237	promotion	promotion	NOUN
fbem-12163	151	238	and	and	CCONJ
fbem-12163	151	239	development	development	NOUN
fbem-12163	151	240	of	of	ADP
fbem-12163	151	241	"	"	PUNCT
fbem-12163	151	242	belt	belt	NOUN
fbem-12163	151	243	and	and	CCONJ
fbem-12163	151	244	road	road	NOUN
fbem-12163	151	245	"	"	PUNCT
fbem-12163	151	246	intensified	intensify	VERB
fbem-12163	151	247	the	the	DET
fbem-12163	151	248	fluctuation	fluctuation	NOUN
fbem-12163	151	249	of	of	ADP
fbem-12163	151	250	the	the	DET
fbem-12163	151	251	real	real	ADJ
fbem-12163	151	252	effective	effective	ADJ
fbem-12163	151	253	exchange	exchange	NOUN
fbem-12163	151	254	rate	rate	NOUN
fbem-12163	151	255	,	,	PUNCT
fbem-12163	151	256	it	it	PRON
fbem-12163	151	257	is	be	AUX
fbem-12163	151	258	also	also	ADV
fbem-12163	151	259	possible	possible	ADJ
fbem-12163	151	260	that	that	SCONJ
fbem-12163	151	261	this	this	PRON
fbem-12163	151	262	is	be	AUX
fbem-12163	151	263	due	due	ADJ
fbem-12163	151	264	to	to	ADP
fbem-12163	151	265	reasons	reason	NOUN
fbem-12163	151	266	outside	outside	ADP
fbem-12163	151	267	the	the	DET
fbem-12163	151	268	system	system	NOUN
fbem-12163	151	269	such	such	ADJ
fbem-12163	151	270	as	as	ADP
fbem-12163	151	271	the	the	DET
fbem-12163	151	272	epidemic	epidemic	NOUN
fbem-12163	151	273	economy	economy	NOUN
fbem-12163	151	274	,	,	PUNCT
fbem-12163	151	275	however	however	ADV
fbem-12163	151	276	,	,	PUNCT
fbem-12163	151	277	the	the	DET
fbem-12163	151	278	fitted	fit	VERB
fbem-12163	151	279	value	value	NOUN
fbem-12163	151	280	of	of	ADP
fbem-12163	151	281	trade	trade	NOUN
fbem-12163	151	282	opening	opening	NOUN
fbem-12163	151	283	shows	show	VERB
fbem-12163	151	284	that	that	SCONJ
fbem-12163	151	285	trade	trade	NOUN
fbem-12163	151	286	opening	opening	NOUN
fbem-12163	151	287	has	have	VERB
fbem-12163	151	288	a	a	DET
fbem-12163	151	289	slowing	slow	VERB
fbem-12163	151	290	effect	effect	NOUN
fbem-12163	151	291	on	on	ADP
fbem-12163	151	292	the	the	DET
fbem-12163	151	293	fluctuation	fluctuation	NOUN
fbem-12163	151	294	of	of	ADP
fbem-12163	151	295	the	the	DET
fbem-12163	151	296	real	real	ADJ
fbem-12163	151	297	effective	effective	ADJ
fbem-12163	151	298	exchange	exchange	NOUN
fbem-12163	151	299	rate	rate	NOUN
fbem-12163	151	300	of	of	ADP
fbem-12163	151	301	rmb	rmb	NOUN
fbem-12163	151	302	,	,	PUNCT
fbem-12163	151	303	more	more	ADV
fbem-12163	151	304	as	as	SCONJ
fbem-12163	151	305	expected	expect	VERB
fbem-12163	151	306	by	by	ADP
fbem-12163	151	307	the	the	DET
fbem-12163	151	308	model	model	NOUN
fbem-12163	151	309	than	than	ADP
fbem-12163	151	310	the	the	DET
fbem-12163	151	311	original	original	ADJ
fbem-12163	151	312	data	data	NOUN
fbem-12163	151	313	fit	fit	ADJ
fbem-12163	151	314	values	value	NOUN
fbem-12163	151	315	,	,	PUNCT
fbem-12163	151	316	it	it	PRON
fbem-12163	151	317	may	may	AUX
fbem-12163	151	318	greatly	greatly	ADV
fbem-12163	151	319	reduce	reduce	VERB
fbem-12163	151	320	the	the	DET
fbem-12163	151	321	impact	impact	NOUN
fbem-12163	151	322	of	of	ADP
fbem-12163	151	323	external	external	ADJ
fbem-12163	151	324	factors	factor	NOUN
fbem-12163	151	325	on	on	ADP
fbem-12163	151	326	the	the	DET
fbem-12163	151	327	real	real	ADJ
fbem-12163	151	328	effective	effective	ADJ
fbem-12163	151	329	exchange	exchange	NOUN
fbem-12163	151	330	rate	rate	NOUN
fbem-12163	151	331	of	of	ADP
fbem-12163	151	332	rmb	rmb	PROPN
fbem-12163	151	333	.	.	PUNCT
fbem-12163	152	1	in	in	ADP
fbem-12163	152	2	general	general	ADJ
fbem-12163	152	3	,	,	PUNCT
fbem-12163	152	4	with	with	ADP
fbem-12163	152	5	the	the	DET
fbem-12163	152	6	internationalization	internationalization	NOUN
fbem-12163	152	7	of	of	ADP
fbem-12163	152	8	economy	economy	NOUN
fbem-12163	152	9	and	and	CCONJ
fbem-12163	152	10	trade	trade	NOUN
fbem-12163	152	11	,	,	PUNCT
fbem-12163	152	12	trade	trade	NOUN
fbem-12163	152	13	development	development	NOUN
fbem-12163	152	14	,	,	PUNCT
fbem-12163	152	15	industrial	industrial	ADJ
fbem-12163	152	16	structure	structure	NOUN
fbem-12163	152	17	highly	highly	ADV
fbem-12163	152	18	rationalization	rationalization	NOUN
fbem-12163	152	19	and	and	CCONJ
fbem-12163	152	20	for	for	ADP
fbem-12163	152	21	the	the	DET
fbem-12163	152	22	implementation	implementation	NOUN
fbem-12163	152	23	of	of	ADP
fbem-12163	152	24	"	"	PUNCT
fbem-12163	152	25	belt	belt	NOUN
fbem-12163	152	26	and	and	CCONJ
fbem-12163	152	27	road	road	NOUN
fbem-12163	152	28	"	"	PUNCT
fbem-12163	152	29	policy	policy	NOUN
fbem-12163	152	30	,	,	PUNCT
fbem-12163	152	31	the	the	DET
fbem-12163	152	32	provincial	provincial	ADJ
fbem-12163	152	33	trade	trade	NOUN
fbem-12163	152	34	openness	openness	NOUN
fbem-12163	152	35	expanding	expand	VERB
fbem-12163	152	36	economic	economic	ADJ
fbem-12163	152	37	industry	industry	NOUN
fbem-12163	152	38	resources	resource	NOUN
fbem-12163	152	39	rationalization	rationalization	NOUN
fbem-12163	152	40	,	,	PUNCT
fbem-12163	152	41	these	these	DET
fbem-12163	152	42	cases	case	NOUN
fbem-12163	152	43	of	of	ADP
fbem-12163	152	44	the	the	DET
fbem-12163	152	45	actual	actual	ADJ
fbem-12163	152	46	effective	effective	ADJ
fbem-12163	152	47	exchange	exchange	NOUN
fbem-12163	152	48	rate	rate	NOUN
fbem-12163	152	49	fluctuations	fluctuation	NOUN
fbem-12163	152	50	will	will	AUX
fbem-12163	152	51	be	be	AUX
fbem-12163	152	52	reduced	reduce	VERB
fbem-12163	152	53	,	,	PUNCT
fbem-12163	152	54	in	in	ADP
fbem-12163	152	55	order	order	NOUN
fbem-12163	152	56	to	to	PART
fbem-12163	152	57	promote	promote	VERB
fbem-12163	152	58	the	the	DET
fbem-12163	152	59	virtuous	virtuous	ADJ
fbem-12163	152	60	cycle	cycle	NOUN
fbem-12163	152	61	of	of	ADP
fbem-12163	152	62	economic	economic	ADJ
fbem-12163	152	63	and	and	CCONJ
fbem-12163	152	64	trade	trade	NOUN
fbem-12163	152	65	.	.	PUNCT
fbem-12163	153	1	6.2	6.2	NUM
fbem-12163	153	2	.	.	PUNCT
fbem-12163	153	3	policy	policy	NOUN
fbem-12163	153	4	proposal	proposal	NOUN
fbem-12163	153	5	with	with	ADP
fbem-12163	153	6	the	the	DET
fbem-12163	153	7	development	development	NOUN
fbem-12163	153	8	of	of	ADP
fbem-12163	153	9	international	international	ADJ
fbem-12163	153	10	economy	economy	NOUN
fbem-12163	153	11	and	and	CCONJ
fbem-12163	153	12	trade	trade	NOUN
fbem-12163	153	13	,	,	PUNCT
fbem-12163	153	14	china	china	PROPN
fbem-12163	153	15	has	have	AUX
fbem-12163	153	16	initially	initially	ADV
fbem-12163	153	17	formed	form	VERB
fbem-12163	153	18	a	a	DET
fbem-12163	153	19	relatively	relatively	ADV
fbem-12163	153	20	mature	mature	ADJ
fbem-12163	153	21	overseas	overseas	ADJ
fbem-12163	153	22	market	market	NOUN
fbem-12163	153	23	for	for	ADP
fbem-12163	153	24	goods	good	NOUN
fbem-12163	153	25	trade	trade	NOUN
fbem-12163	153	26	services	service	NOUN
fbem-12163	153	27	,	,	PUNCT
fbem-12163	153	28	and	and	CCONJ
fbem-12163	153	29	at	at	ADP
fbem-12163	153	30	the	the	DET
fbem-12163	153	31	same	same	ADJ
fbem-12163	153	32	time	time	NOUN
fbem-12163	153	33	has	have	AUX
fbem-12163	153	34	established	establish	VERB
fbem-12163	153	35	a	a	DET
fbem-12163	153	36	corresponding	corresponding	ADJ
fbem-12163	153	37	supervision	supervision	NOUN
fbem-12163	153	38	system	system	NOUN
fbem-12163	153	39	and	and	CCONJ
fbem-12163	153	40	the	the	DET
fbem-12163	153	41	adjustment	adjustment	NOUN
fbem-12163	153	42	mechanism	mechanism	NOUN
fbem-12163	153	43	of	of	ADP
fbem-12163	153	44	continuous	continuous	ADJ
fbem-12163	153	45	optimization	optimization	NOUN
fbem-12163	153	46	of	of	ADP
fbem-12163	153	47	rmb	rmb	PROPN
fbem-12163	153	48	exchange	exchange	NOUN
fbem-12163	153	49	rate	rate	NOUN
fbem-12163	153	50	.	.	PUNCT
fbem-12163	154	1	however	however	ADV
fbem-12163	154	2	,	,	PUNCT
fbem-12163	154	3	we	we	PRON
fbem-12163	154	4	can	can	AUX
fbem-12163	154	5	also	also	ADV
fbem-12163	154	6	see	see	VERB
fbem-12163	154	7	that	that	SCONJ
fbem-12163	154	8	with	with	ADP
fbem-12163	154	9	china	china	PROPN
fbem-12163	154	10	's	's	PART
fbem-12163	154	11	deepening	deepening	NOUN
fbem-12163	154	12	of	of	ADP
fbem-12163	154	13	international	international	ADJ
fbem-12163	154	14	trade	trade	NOUN
fbem-12163	154	15	,	,	PUNCT
fbem-12163	154	16	china	china	PROPN
fbem-12163	154	17	's	's	PART
fbem-12163	154	18	real	real	ADJ
fbem-12163	154	19	effective	effective	ADJ
fbem-12163	154	20	exchange	exchange	NOUN
fbem-12163	154	21	rate	rate	NOUN
fbem-12163	154	22	of	of	ADP
fbem-12163	154	23	rmb	rmb	NOUN
fbem-12163	154	24	is	be	AUX
fbem-12163	154	25	also	also	ADV
fbem-12163	154	26	facing	face	VERB
fbem-12163	154	27	new	new	ADJ
fbem-12163	154	28	challenges	challenge	NOUN
fbem-12163	154	29	.	.	PUNCT
fbem-12163	155	1	in	in	ADP
fbem-12163	155	2	the	the	DET
fbem-12163	155	3	long	long	ADJ
fbem-12163	155	4	run	run	NOUN
fbem-12163	155	5	,	,	PUNCT
fbem-12163	155	6	china	china	PROPN
fbem-12163	155	7	still	still	ADV
fbem-12163	155	8	needs	need	VERB
fbem-12163	155	9	to	to	PART
fbem-12163	155	10	continuously	continuously	ADV
fbem-12163	155	11	improve	improve	VERB
fbem-12163	155	12	the	the	DET
fbem-12163	155	13	adjustment	adjustment	NOUN
fbem-12163	155	14	mechanism	mechanism	NOUN
fbem-12163	155	15	of	of	ADP
fbem-12163	155	16	the	the	DET
fbem-12163	155	17	rmb	rmb	NOUN
fbem-12163	155	18	real	real	ADJ
fbem-12163	155	19	exchange	exchange	NOUN
fbem-12163	155	20	rate	rate	NOUN
fbem-12163	155	21	,	,	PUNCT
fbem-12163	155	22	continuously	continuously	ADV
fbem-12163	155	23	rationally	rationally	ADV
fbem-12163	155	24	allocate	allocate	VERB
fbem-12163	155	25	and	and	CCONJ
fbem-12163	155	26	guide	guide	VERB
fbem-12163	155	27	the	the	DET
fbem-12163	155	28	resource	resource	NOUN
fbem-12163	155	29	services	service	NOUN
fbem-12163	155	30	in	in	ADP
fbem-12163	155	31	the	the	DET
fbem-12163	155	32	trade	trade	NOUN
fbem-12163	155	33	market	market	NOUN
fbem-12163	155	34	activities	activity	NOUN
fbem-12163	155	35	,	,	PUNCT
fbem-12163	155	36	and	and	CCONJ
fbem-12163	155	37	promote	promote	VERB
fbem-12163	155	38	the	the	DET
fbem-12163	155	39	stable	stable	ADJ
fbem-12163	155	40	and	and	CCONJ
fbem-12163	155	41	healthy	healthy	ADJ
fbem-12163	155	42	development	development	NOUN
fbem-12163	155	43	of	of	ADP
fbem-12163	155	44	the	the	DET
fbem-12163	155	45	import	import	NOUN
fbem-12163	155	46	and	and	CCONJ
fbem-12163	155	47	export	export	NOUN
fbem-12163	155	48	trade	trade	NOUN
fbem-12163	155	49	markets	market	NOUN
fbem-12163	155	50	in	in	ADP
fbem-12163	155	51	all	all	DET
fbem-12163	155	52	provinces	province	NOUN
fbem-12163	155	53	and	and	CCONJ
fbem-12163	155	54	cities.based	cities.base	VERB
fbem-12163	155	55	on	on	ADP
fbem-12163	155	56	the	the	DET
fbem-12163	155	57	research	research	NOUN
fbem-12163	155	58	conclusion	conclusion	NOUN
fbem-12163	155	59	of	of	ADP
fbem-12163	155	60	this	this	DET
fbem-12163	155	61	paper	paper	NOUN
fbem-12163	155	62	,	,	PUNCT
fbem-12163	155	63	this	this	DET
fbem-12163	155	64	paper	paper	NOUN
fbem-12163	155	65	puts	put	VERB
fbem-12163	155	66	forward	forward	ADV
fbem-12163	155	67	the	the	DET
fbem-12163	155	68	corresponding	corresponding	ADJ
fbem-12163	155	69	policy	policy	NOUN
fbem-12163	155	70	suggestions	suggestion	NOUN
fbem-12163	155	71	:	:	PUNCT
fbem-12163	155	72	first	first	ADV
fbem-12163	155	73	of	of	ADP
fbem-12163	155	74	all	all	PRON
fbem-12163	155	75	,	,	PUNCT
fbem-12163	155	76	all	all	DET
fbem-12163	155	77	provinces	province	NOUN
fbem-12163	155	78	and	and	CCONJ
fbem-12163	155	79	cities	city	NOUN
fbem-12163	155	80	should	should	AUX
fbem-12163	155	81	continue	continue	VERB
fbem-12163	155	82	to	to	PART
fbem-12163	155	83	adhere	adhere	VERB
fbem-12163	155	84	to	to	ADP
fbem-12163	155	85	the	the	DET
fbem-12163	155	86	policy	policy	NOUN
fbem-12163	155	87	of	of	ADP
fbem-12163	155	88	opening	open	VERB
fbem-12163	155	89	up	up	ADP
fbem-12163	155	90	trade	trade	NOUN
fbem-12163	155	91	services	service	NOUN
fbem-12163	155	92	and	and	CCONJ
fbem-12163	155	93	maintain	maintain	VERB
fbem-12163	155	94	very	very	ADV
fbem-12163	155	95	close	close	ADJ
fbem-12163	155	96	trade	trade	NOUN
fbem-12163	155	97	exchanges	exchange	NOUN
fbem-12163	155	98	with	with	ADP
fbem-12163	155	99	other	other	ADJ
fbem-12163	155	100	countries	country	NOUN
fbem-12163	155	101	and	and	CCONJ
fbem-12163	155	102	neighboring	neighboring	NOUN
fbem-12163	155	103	countries	country	NOUN
fbem-12163	155	104	.	.	PUNCT
fbem-12163	156	1	the	the	DET
fbem-12163	156	2	most	most	ADV
fbem-12163	156	3	important	important	ADJ
fbem-12163	156	4	is	be	AUX
fbem-12163	156	5	to	to	PART
fbem-12163	156	6	increase	increase	VERB
fbem-12163	156	7	high	high	ADJ
fbem-12163	156	8	-	-	PUNCT
fbem-12163	156	9	end	end	NOUN
fbem-12163	156	10	intelligent	intelligent	ADJ
fbem-12163	156	11	service	service	NOUN
fbem-12163	156	12	industry	industry	NOUN
fbem-12163	156	13	research	research	NOUN
fbem-12163	156	14	and	and	CCONJ
fbem-12163	156	15	development	development	NOUN
fbem-12163	156	16	,	,	PUNCT
fbem-12163	156	17	strengthen	strengthen	VERB
fbem-12163	156	18	small	small	ADJ
fbem-12163	156	19	and	and	CCONJ
fbem-12163	156	20	medium	medium	ADJ
fbem-12163	156	21	-	-	PUNCT
fbem-12163	156	22	sized	sized	ADJ
fbem-12163	156	23	foreign	foreign	ADJ
fbem-12163	156	24	trade	trade	NOUN
fbem-12163	156	25	enterprises	enterprise	NOUN
fbem-12163	156	26	science	science	NOUN
fbem-12163	156	27	and	and	CCONJ
fbem-12163	156	28	technology	technology	NOUN
fbem-12163	156	29	innovation	innovation	NOUN
fbem-12163	156	30	,	,	PUNCT
fbem-12163	156	31	will	will	AUX
fbem-12163	156	32	be	be	AUX
fbem-12163	156	33	more	more	ADJ
fbem-12163	156	34	factors	factor	NOUN
fbem-12163	156	35	of	of	ADP
fbem-12163	156	36	production	production	NOUN
fbem-12163	156	37	gradually	gradually	ADV
fbem-12163	156	38	shift	shift	VERB
fbem-12163	156	39	from	from	ADP
fbem-12163	156	40	primary	primary	ADJ
fbem-12163	156	41	,	,	PUNCT
fbem-12163	156	42	labor	labor	NOUN
fbem-12163	156	43	-	-	PUNCT
fbem-12163	156	44	intensive	intensive	ADJ
fbem-12163	156	45	products	product	NOUN
fbem-12163	156	46	to	to	ADP
fbem-12163	156	47	high	high	ADJ
fbem-12163	156	48	-	-	PUNCT
fbem-12163	156	49	end	end	NOUN
fbem-12163	156	50	industry	industry	NOUN
fbem-12163	156	51	development	development	NOUN
fbem-12163	156	52	,	,	PUNCT
fbem-12163	156	53	through	through	ADP
fbem-12163	156	54	continuous	continuous	ADJ
fbem-12163	156	55	rationalization	rationalization	NOUN
fbem-12163	156	56	of	of	ADP
fbem-12163	156	57	industry	industry	NOUN
fbem-12163	156	58	and	and	CCONJ
fbem-12163	156	59	capital	capital	NOUN
fbem-12163	156	60	intensive	intensive	ADJ
fbem-12163	156	61	products	product	NOUN
fbem-12163	156	62	trade	trade	NOUN
fbem-12163	156	63	,	,	PUNCT
fbem-12163	156	64	it	it	PRON
fbem-12163	156	65	will	will	AUX
fbem-12163	156	66	effectively	effectively	ADV
fbem-12163	156	67	reduce	reduce	VERB
fbem-12163	156	68	the	the	DET
fbem-12163	156	69	actual	actual	ADJ
fbem-12163	156	70	effective	effective	ADJ
fbem-12163	156	71	exchange	exchange	NOUN
fbem-12163	156	72	rate	rate	NOUN
fbem-12163	156	73	fluctuations	fluctuation	NOUN
fbem-12163	156	74	,	,	PUNCT
fbem-12163	156	75	promote	promote	VERB
fbem-12163	156	76	the	the	DET
fbem-12163	156	77	steady	steady	ADJ
fbem-12163	156	78	growth	growth	NOUN
fbem-12163	156	79	of	of	ADP
fbem-12163	156	80	economy	economy	NOUN
fbem-12163	156	81	and	and	CCONJ
fbem-12163	156	82	trade.second	trade.second	ADP
fbem-12163	156	83	,	,	PUNCT
fbem-12163	156	84	with	with	ADP
fbem-12163	156	85	the	the	DET
fbem-12163	156	86	steady	steady	ADJ
fbem-12163	156	87	progress	progress	NOUN
fbem-12163	156	88	of	of	ADP
fbem-12163	156	89	the	the	DET
fbem-12163	156	90	"	"	PUNCT
fbem-12163	156	91	belt	belt	NOUN
fbem-12163	156	92	and	and	CCONJ
fbem-12163	156	93	road	road	NOUN
fbem-12163	156	94	"	"	PUNCT
fbem-12163	156	95	policy	policy	NOUN
fbem-12163	156	96	,	,	PUNCT
fbem-12163	156	97	the	the	DET
fbem-12163	156	98	import	import	NOUN
fbem-12163	156	99	and	and	CCONJ
fbem-12163	156	100	export	export	NOUN
fbem-12163	156	101	trade	trade	NOUN
fbem-12163	156	102	is	be	AUX
fbem-12163	156	103	of	of	ADP
fbem-12163	156	104	great	great	ADJ
fbem-12163	156	105	significance	significance	NOUN
fbem-12163	156	106	to	to	ADP
fbem-12163	156	107	china	china	PROPN
fbem-12163	156	108	's	's	PART
fbem-12163	156	109	development	development	NOUN
fbem-12163	156	110	and	and	CCONJ
fbem-12163	156	111	development	development	NOUN
fbem-12163	156	112	under	under	ADP
fbem-12163	156	113	the	the	DET
fbem-12163	156	114	background	background	NOUN
fbem-12163	156	115	of	of	ADP
fbem-12163	156	116	china	china	PROPN
fbem-12163	156	117	's	's	PART
fbem-12163	156	118	continuous	continuous	ADJ
fbem-12163	156	119	overcapacity	overcapacity	NOUN
fbem-12163	156	120	,	,	PUNCT
fbem-12163	156	121	and	and	CCONJ
fbem-12163	156	122	at	at	ADP
fbem-12163	156	123	the	the	DET
fbem-12163	156	124	same	same	ADJ
fbem-12163	156	125	time	time	NOUN
fbem-12163	156	126	,	,	PUNCT
fbem-12163	156	127	it	it	PRON
fbem-12163	156	128	can	can	AUX
fbem-12163	156	129	not	not	PART
fbem-12163	156	130	ignore	ignore	VERB
fbem-12163	156	131	the	the	DET
fbem-12163	156	132	reality	reality	NOUN
fbem-12163	156	133	of	of	ADP
fbem-12163	156	134	the	the	DET
fbem-12163	156	135	rmb.under	rmb.under	NOUN
fbem-12163	156	136	the	the	DET
fbem-12163	156	137	influence	influence	NOUN
fbem-12163	156	138	of	of	ADP
fbem-12163	156	139	effective	effective	ADJ
fbem-12163	156	140	exchange	exchange	NOUN
fbem-12163	156	141	rate	rate	NOUN
fbem-12163	156	142	fluctuations	fluctuation	NOUN
fbem-12163	156	143	,	,	PUNCT
fbem-12163	156	144	under	under	ADP
fbem-12163	156	145	the	the	DET
fbem-12163	156	146	background	background	NOUN
fbem-12163	156	147	of	of	ADP
fbem-12163	156	148	increasing	increase	VERB
fbem-12163	156	149	foreign	foreign	ADJ
fbem-12163	156	150	trade	trade	NOUN
fbem-12163	156	151	and	and	CCONJ
fbem-12163	156	152	investment	investment	NOUN
fbem-12163	156	153	,	,	PUNCT
fbem-12163	156	154	china	china	PROPN
fbem-12163	156	155	should	should	AUX
fbem-12163	156	156	also	also	ADV
fbem-12163	156	157	change	change	VERB
fbem-12163	156	158	the	the	DET
fbem-12163	156	159	import	import	NOUN
fbem-12163	156	160	and	and	CCONJ
fbem-12163	156	161	export	export	NOUN
fbem-12163	156	162	trade	trade	NOUN
fbem-12163	156	163	of	of	ADP
fbem-12163	156	164	industrial	industrial	ADJ
fbem-12163	156	165	structure	structure	NOUN
fbem-12163	156	166	,	,	PUNCT
fbem-12163	156	167	from	from	ADP
fbem-12163	156	168	labor	labor	NOUN
fbem-12163	156	169	-	-	PUNCT
fbem-12163	156	170	intensive	intensive	ADJ
fbem-12163	156	171	import	import	NOUN
fbem-12163	156	172	and	and	CCONJ
fbem-12163	156	173	export	export	NOUN
fbem-12163	156	174	to	to	ADP
fbem-12163	156	175	high	high	ADJ
fbem-12163	156	176	-	-	PUNCT
fbem-12163	156	177	end	end	NOUN
fbem-12163	156	178	capital	capital	NOUN
fbem-12163	156	179	-	-	PUNCT
fbem-12163	156	180	intensive	intensive	ADJ
fbem-12163	156	181	import	import	NOUN
fbem-12163	156	182	and	and	CCONJ
fbem-12163	156	183	export	export	NOUN
fbem-12163	156	184	,	,	PUNCT
fbem-12163	156	185	and	and	CCONJ
fbem-12163	156	186	promote	promote	VERB
fbem-12163	156	187	the	the	DET
fbem-12163	156	188	continuous	continuous	ADJ
fbem-12163	156	189	development	development	NOUN
fbem-12163	156	190	of	of	ADP
fbem-12163	156	191	the	the	DET
fbem-12163	156	192	double	double	ADJ
fbem-12163	156	193	cycle	cycle	NOUN
fbem-12163	156	194	of	of	ADP
fbem-12163	156	195	domestic	domestic	ADJ
fbem-12163	156	196	countries.third	countries.third	NOUN
fbem-12163	156	197	,	,	PUNCT
fbem-12163	156	198	we	we	PRON
fbem-12163	156	199	will	will	AUX
fbem-12163	156	200	improve	improve	VERB
fbem-12163	156	201	and	and	CCONJ
fbem-12163	156	202	deepen	deepen	VERB
fbem-12163	156	203	supply	supply	NOUN
fbem-12163	156	204	-	-	PUNCT
fbem-12163	156	205	side	side	NOUN
fbem-12163	156	206	structural	structural	ADJ
fbem-12163	156	207	reform	reform	NOUN
fbem-12163	156	208	and	and	CCONJ
fbem-12163	156	209	promote	promote	VERB
fbem-12163	156	210	the	the	DET
fbem-12163	156	211	optimization	optimization	NOUN
fbem-12163	156	212	and	and	CCONJ
fbem-12163	156	213	upgrading	upgrading	NOUN
fbem-12163	156	214	of	of	ADP
fbem-12163	156	215	the	the	DET
fbem-12163	156	216	industrial	industrial	ADJ
fbem-12163	156	217	structure	structure	NOUN
fbem-12163	156	218	.	.	PUNCT
fbem-12163	157	1	we	we	PRON
fbem-12163	157	2	will	will	AUX
fbem-12163	157	3	transform	transform	VERB
fbem-12163	157	4	the	the	DET
fbem-12163	157	5	mode	mode	NOUN
fbem-12163	157	6	of	of	ADP
fbem-12163	157	7	economic	economic	ADJ
fbem-12163	157	8	development	development	NOUN
fbem-12163	157	9	,	,	PUNCT
fbem-12163	157	10	change	change	VERB
fbem-12163	157	11	the	the	DET
fbem-12163	157	12	production	production	NOUN
fbem-12163	157	13	mode	mode	NOUN
fbem-12163	157	14	of	of	ADP
fbem-12163	157	15	products	product	NOUN
fbem-12163	157	16	,	,	PUNCT
fbem-12163	157	17	upgrade	upgrade	VERB
fbem-12163	157	18	the	the	DET
fbem-12163	157	19	traditional	traditional	ADJ
fbem-12163	157	20	manufacturing	manufacturing	NOUN
fbem-12163	157	21	industry	industry	NOUN
fbem-12163	157	22	,	,	PUNCT
fbem-12163	157	23	promote	promote	VERB
fbem-12163	157	24	competition	competition	NOUN
fbem-12163	157	25	for	for	ADP
fbem-12163	157	26	export	export	NOUN
fbem-12163	157	27	products	product	NOUN
fbem-12163	157	28	under	under	ADP
fbem-12163	157	29	the	the	DET
fbem-12163	157	30	guidance	guidance	NOUN
fbem-12163	157	31	of	of	ADP
fbem-12163	157	32	innovation	innovation	NOUN
fbem-12163	157	33	-	-	PUNCT
fbem-12163	157	34	driven	drive	VERB
fbem-12163	157	35	strategies	strategy	NOUN
fbem-12163	157	36	,	,	PUNCT
fbem-12163	157	37	and	and	CCONJ
fbem-12163	157	38	promote	promote	VERB
fbem-12163	157	39	the	the	DET
fbem-12163	157	40	upgrading	upgrading	NOUN
fbem-12163	157	41	and	and	CCONJ
fbem-12163	157	42	optimization	optimization	NOUN
fbem-12163	157	43	of	of	ADP
fbem-12163	157	44	the	the	DET
fbem-12163	157	45	export	export	NOUN
fbem-12163	157	46	product	product	NOUN
fbem-12163	157	47	mix	mix	NOUN
fbem-12163	157	48	.	.	PUNCT
fbem-12163	158	1	60	60	NUM
fbem-12163	158	2	references	reference	NOUN
fbem-12163	158	3	[	[	X
fbem-12163	158	4	1	1	NUM
fbem-12163	158	5	]	]	PUNCT
fbem-12163	158	6	obstfeld	obstfeld	VERB
fbem-12163	158	7	m	m	PROPN
fbem-12163	158	8	,	,	PUNCT
fbem-12163	158	9	rogoff	rogoff	PROPN
fbem-12163	158	10	k	k	PROPN
fbem-12163	158	11	s.	s.	PROPN
fbem-12163	158	12	exchange	exchange	PROPN
fbem-12163	158	13	rate	rate	NOUN
fbem-12163	158	14	dynamics	dynamic	NOUN
fbem-12163	158	15	redux[j	redux[j	NOUN
fbem-12163	158	16	]	]	PUNCT
fbem-12163	158	17	.	.	PUNCT
fbem-12163	159	1	journal	journal	PROPN
fbem-12163	159	2	of	of	ADP
fbem-12163	159	3	political	political	ADJ
fbem-12163	159	4	economy	economy	NOUN
fbem-12163	159	5	,	,	PUNCT
fbem-12163	159	6	1995	1995	NUM
fbem-12163	159	7	,	,	PUNCT
fbem-12163	159	8	103	103	NUM
fbem-12163	159	9	(	(	PUNCT
fbem-12163	159	10	3	3	NUM
fbem-12163	159	11	):	):	PUNCT
fbem-12163	159	12	624	624	NUM
fbem-12163	159	13	-	-	SYM
fbem-12163	159	14	660	660	NUM
fbem-12163	159	15	.	.	PUNCT
fbem-12163	160	1	[	[	X
fbem-12163	160	2	2	2	NUM
fbem-12163	160	3	]	]	PUNCT
fbem-12163	160	4	obstfeld	obstfeld	VERB
fbem-12163	160	5	m	m	PROPN
fbem-12163	160	6	,	,	PUNCT
fbem-12163	160	7	rogoff	rogoff	PROPN
fbem-12163	160	8	k	k	PROPN
fbem-12163	160	9	s.	s.	PROPN
fbem-12163	160	10	foundations	foundations	PROPN
fbem-12163	160	11	of	of	ADP
fbem-12163	160	12	international	international	PROPN
fbem-12163	160	13	macroeconomics[m	macroeconomics[m	PROPN
fbem-12163	160	14	]	]	PUNCT
fbem-12163	160	15	.	.	PUNCT
fbem-12163	161	1	mit	mit	PROPN
fbem-12163	161	2	press	press	PROPN
fbem-12163	161	3	,	,	PUNCT
fbem-12163	161	4	cambridge	cambridge	PROPN
fbem-12163	161	5	,	,	PUNCT
fbem-12163	161	6	1996	1996	NUM
fbem-12163	161	7	.	.	PUNCT
fbem-12163	162	1	[	[	X
fbem-12163	162	2	3	3	X
fbem-12163	162	3	]	]	X
fbem-12163	162	4	hau	hau	PROPN
fbem-12163	162	5	h.	h.	PROPN
fbem-12163	162	6	exchange	exchange	PROPN
fbem-12163	162	7	rate	rate	NOUN
fbem-12163	162	8	determination	determination	NOUN
fbem-12163	162	9	:	:	PUNCT
fbem-12163	162	10	the	the	DET
fbem-12163	162	11	role	role	NOUN
fbem-12163	162	12	of	of	ADP
fbem-12163	162	13	factor	factor	NOUN
fbem-12163	162	14	price	price	NOUN
fbem-12163	162	15	rigidities	rigidity	NOUN
fbem-12163	162	16	and	and	CCONJ
fbem-12163	162	17	nontradables	nontradable	NOUN
fbem-12163	163	1	[	[	X
fbem-12163	163	2	j	j	X
fbem-12163	163	3	]	]	X
fbem-12163	163	4	.	.	PUNCT
fbem-12163	164	1	journal	journal	PROPN
fbem-12163	164	2	of	of	ADP
fbem-12163	164	3	international	international	ADJ
fbem-12163	164	4	economics	economic	NOUN
fbem-12163	164	5	,	,	PUNCT
fbem-12163	164	6	2000	2000	NUM
fbem-12163	164	7	,	,	PUNCT
fbem-12163	164	8	50	50	NUM
fbem-12163	164	9	(	(	PUNCT
fbem-12163	164	10	2):421	2):421	NUM
fbem-12163	164	11	-	-	SYM
fbem-12163	164	12	447	447	NUM
fbem-12163	164	13	.	.	PUNCT
fbem-12163	165	1	[	[	X
fbem-12163	165	2	4	4	X
fbem-12163	165	3	]	]	X
fbem-12163	165	4	drozd	drozd	PROPN
fbem-12163	165	5	l	l	PROPN
fbem-12163	165	6	,	,	PUNCT
fbem-12163	165	7	nosal	nosal	PROPN
fbem-12163	165	8	j.	j.	PROPN
fbem-12163	165	9	trade	trade	PROPN
fbem-12163	165	10	intensity	intensity	NOUN
fbem-12163	165	11	and	and	CCONJ
fbem-12163	165	12	the	the	DET
fbem-12163	165	13	real	real	ADJ
fbem-12163	165	14	exchange	exchange	NOUN
fbem-12163	165	15	rate	rate	NOUN
fbem-12163	165	16	volatility[c	volatility[c	NOUN
fbem-12163	165	17	]	]	PUNCT
fbem-12163	165	18	.	.	PUNCT
fbem-12163	166	1	economic	economic	ADJ
fbem-12163	166	2	society	society	NOUN
fbem-12163	166	3	summer	summer	PROPN
fbem-12163	166	4	meeting,2008	meeting,2008	PROPN
fbem-12163	166	5	.	.	PUNCT
fbem-12163	167	1	[	[	X
fbem-12163	167	2	5	5	X
fbem-12163	167	3	]	]	PUNCT
fbem-12163	167	4	hau	hau	PROPN
fbem-12163	167	5	h.	h.	PROPN
fbem-12163	167	6	real	real	PROPN
fbem-12163	167	7	exchange	exchange	NOUN
fbem-12163	167	8	rate	rate	NOUN
fbem-12163	167	9	volatility	volatility	NOUN
fbem-12163	167	10	and	and	CCONJ
fbem-12163	167	11	economic	economic	ADJ
fbem-12163	167	12	openness	openness	NOUN
fbem-12163	167	13	:	:	PUNCT
fbem-12163	167	14	theory	theory	NOUN
fbem-12163	167	15	and	and	CCONJ
fbem-12163	167	16	evidence[j	evidence[j	NOUN
fbem-12163	167	17	]	]	PUNCT
fbem-12163	167	18	.	.	PUNCT
fbem-12163	168	1	journal	journal	PROPN
fbem-12163	168	2	of	of	ADP
fbem-12163	168	3	money	money	NOUN
fbem-12163	168	4	,	,	PUNCT
fbem-12163	168	5	creditand	creditand	NOUN
fbem-12163	168	6	banking,2002,34	banking,2002,34	NOUN
fbem-12163	168	7	(	(	PUNCT
fbem-12163	168	8	3):611	3):611	NUM
fbem-12163	168	9	-	-	SYM
fbem-12163	168	10	630	630	NUM
fbem-12163	168	11	.	.	PUNCT
fbem-12163	169	1	[	[	X
fbem-12163	169	2	6	6	NUM
fbem-12163	169	3	]	]	PUNCT
fbem-12163	169	4	yang	yang	PROPN
fbem-12163	169	5	changjiang	changjiang	PROPN
fbem-12163	169	6	,	,	PUNCT
fbem-12163	169	7	cheng	cheng	PROPN
fbem-12163	169	8	feng	feng	PROPN
fbem-12163	169	9	.	.	PUNCT
fbem-12163	170	1	dynamic	dynamic	ADJ
fbem-12163	170	2	evolution	evolution	NOUN
fbem-12163	170	3	characteristics	characteristic	NOUN
fbem-12163	170	4	of	of	ADP
fbem-12163	170	5	the	the	DET
fbem-12163	170	6	sources	source	NOUN
fbem-12163	170	7	of	of	ADP
fbem-12163	170	8	real	real	ADJ
fbem-12163	170	9	exchange	exchange	NOUN
fbem-12163	170	10	rate	rate	NOUN
fbem-12163	170	11	fluctuations	fluctuation	NOUN
fbem-12163	171	1	[	[	X
fbem-12163	171	2	j	j	X
fbem-12163	171	3	]	]	X
fbem-12163	171	4	.	.	PUNCT
fbem-12163	172	1	world	world	PROPN
fbem-12163	172	2	economic	economic	PROPN
fbem-12163	172	3	wenhui	wenhui	PROPN
fbem-12163	172	4	,	,	PUNCT
fbem-12163	172	5	2010	2010	NUM
fbem-12163	172	6	(	(	PUNCT
fbem-12163	172	7	3	3	NUM
fbem-12163	172	8	):	):	PUNCT
fbem-12163	172	9	78	78	NUM
fbem-12163	172	10	-	-	SYM
fbem-12163	172	11	91	91	NUM
fbem-12163	172	12	.	.	PUNCT
fbem-12163	173	1	[	[	X
fbem-12163	173	2	7	7	NUM
fbem-12163	173	3	]	]	X
fbem-12163	173	4	tang	tang	NOUN
fbem-12163	173	5	yahui	yahui	PROPN
fbem-12163	173	6	,	,	PUNCT
fbem-12163	173	7	chen	chen	PROPN
fbem-12163	173	8	shoudong	shoudong	PROPN
fbem-12163	173	9	.	.	PUNCT
fbem-12163	174	1	measurement	measurement	NOUN
fbem-12163	174	2	of	of	ADP
fbem-12163	174	3	the	the	DET
fbem-12163	174	4	equilibrium	equilibrium	NOUN
fbem-12163	174	5	exchange	exchange	NOUN
fbem-12163	174	6	rate	rate	NOUN
fbem-12163	174	7	and	and	CCONJ
fbem-12163	174	8	exchange	exchange	NOUN
fbem-12163	174	9	rate	rate	NOUN
fbem-12163	174	10	imbalance	imbalance	NOUN
fbem-12163	174	11	of	of	ADP
fbem-12163	174	12	rmb	rmb	NOUN
fbem-12163	174	13	based	base	VERB
fbem-12163	174	14	on	on	ADP
fbem-12163	174	15	the	the	DET
fbem-12163	174	16	beer	beer	NOUN
fbem-12163	174	17	model	model	NOUN
fbem-12163	174	18	:	:	PUNCT
fbem-12163	174	19	1994q1	1994q1	PROPN
fbem-12163	174	20	-	-	SYM
fbem-12163	174	21	2009q4	2009q4	PROPN
fbem-12163	175	1	[	[	X
fbem-12163	175	2	j	j	X
fbem-12163	175	3	]	]	X
fbem-12163	175	4	.	.	PUNCT
fbem-12163	176	1	international	international	ADJ
fbem-12163	176	2	finance	finance	NOUN
fbem-12163	176	3	research	research	NOUN
fbem-12163	176	4	,	,	PUNCT
fbem-12163	176	5	2010	2010	NUM
fbem-12163	176	6	(	(	PUNCT
fbem-12163	176	7	12	12	NUM
fbem-12163	176	8	):	):	PUNCT
fbem-12163	176	9	29	29	NUM
fbem-12163	176	10	-	-	SYM
fbem-12163	176	11	37	37	NUM
fbem-12163	176	12	.	.	PUNCT
fbem-12163	177	1	[	[	X
fbem-12163	177	2	8	8	NUM
fbem-12163	177	3	]	]	X
fbem-12163	177	4	caldern	caldern	ADJ
fbem-12163	177	5	c	c	PROPN
fbem-12163	177	6	,	,	PUNCT
fbem-12163	177	7	kubota	kubota	PROPN
fbem-12163	177	8	m.does	m.doe	VERB
fbem-12163	177	9	higher	high	ADJ
fbem-12163	177	10	openness	openness	NOUN
fbem-12163	177	11	cause	cause	VERB
fbem-12163	177	12	more	more	ADJ
fbem-12163	177	13	real	real	ADJ
fbem-12163	177	14	exchange	exchange	NOUN
fbem-12163	177	15	rate	rate	NOUN
fbem-12163	177	16	volatility?[j	volatility?[j	NOUN
fbem-12163	177	17	]	]	PUNCT
fbem-12163	177	18	.	.	PUNCT
fbem-12163	178	1	journal	journal	PROPN
fbem-12163	178	2	of	of	ADP
fbem-12163	178	3	international	international	ADJ
fbem-12163	178	4	economics	economic	NOUN
fbem-12163	178	5	,	,	PUNCT
fbem-12163	178	6	2017	2017	NUM
fbem-12163	178	7	,	,	PUNCT
fbem-12163	178	8	110:176	110:176	NOUN
fbem-12163	178	9	-	-	PUNCT
fbem-12163	178	10	204	204	NUM
fbem-12163	178	11	.	.	PUNCT
fbem-12163	179	1	[	[	X
fbem-12163	179	2	9	9	NUM
fbem-12163	179	3	]	]	SYM
fbem-12163	179	4	rogoff	rogoff	NOUN
fbem-12163	179	5	k	k	PROPN
fbem-12163	179	6	s.	s.	PROPN
fbem-12163	179	7	perspectives	perspective	VERB
fbem-12163	179	8	on	on	ADP
fbem-12163	179	9	exchange	exchange	NOUN
fbem-12163	179	10	rate	rate	NOUN
fbem-12163	179	11	volatility[m	volatility[m	PROPN
fbem-12163	179	12	]	]	PUNCT
fbem-12163	179	13	.	.	PUNCT
fbem-12163	180	1	university	university	PROPN
fbem-12163	180	2	of	of	ADP
fbem-12163	180	3	chicago	chicago	PROPN
fbem-12163	180	4	press,1999:441	press,1999:441	PROPN
fbem-12163	180	5	-	-	SYM
fbem-12163	180	6	453	453	NUM
fbem-12163	180	7	.	.	PUNCT
fbem-12163	181	1	[	[	X
fbem-12163	181	2	10	10	NUM
fbem-12163	181	3	]	]	X
fbem-12163	181	4	lane	lane	NOUN
fbem-12163	181	5	p	p	PROPN
fbem-12163	181	6	r	r	PROPN
fbem-12163	181	7	,	,	PUNCT
fbem-12163	181	8	milesi	milesi	NOUN
fbem-12163	181	9	-	-	PUNCT
fbem-12163	181	10	ferretti	ferretti	PROPN
fbem-12163	181	11	g	g	PROPN
fbem-12163	181	12	m.	m.	NOUN
fbem-12163	181	13	financial	financial	ADJ
fbem-12163	181	14	globalization	globalization	NOUN
fbem-12163	181	15	and	and	CCONJ
fbem-12163	181	16	exchange	exchange	NOUN
fbem-12163	181	17	rates[r	rates[r	NOUN
fbem-12163	181	18	]	]	PUNCT
fbem-12163	181	19	.	.	PUNCT
fbem-12163	182	1	imf	imf	PROPN
fbem-12163	182	2	working	work	VERB
fbem-12163	182	3	paper,2005	paper,2005	NOUN
fbem-12163	182	4	.	.	PUNCT
fbem-12163	183	1	[	[	X
fbem-12163	183	2	11	11	NUM
fbem-12163	183	3	]	]	X
fbem-12163	183	4	wu	wu	PROPN
fbem-12163	183	5	anbing	anbing	NOUN
fbem-12163	183	6	,	,	PUNCT
fbem-12163	183	7	jin	jin	NOUN
fbem-12163	183	8	chunyu	chunyu	NOUN
fbem-12163	183	9	.	.	PUNCT
fbem-12163	184	1	the	the	DET
fbem-12163	184	2	impact	impact	NOUN
fbem-12163	184	3	effect	effect	NOUN
fbem-12163	184	4	of	of	ADP
fbem-12163	184	5	monetary	monetary	ADJ
fbem-12163	184	6	policy	policy	NOUN
fbem-12163	184	7	and	and	CCONJ
fbem-12163	184	8	output	output	NOUN
fbem-12163	184	9	shock	shock	NOUN
fbem-12163	184	10	on	on	ADP
fbem-12163	184	11	the	the	DET
fbem-12163	184	12	real	real	ADJ
fbem-12163	184	13	exchange	exchange	NOUN
fbem-12163	184	14	rate	rate	NOUN
fbem-12163	184	15	fluctuation	fluctuation	NOUN
fbem-12163	184	16	of	of	ADP
fbem-12163	184	17	rmb	rmb	PROPN
fbem-12163	185	1	[	[	X
fbem-12163	185	2	j	j	X
fbem-12163	185	3	]	]	X
fbem-12163	185	4	.	.	PUNCT
fbem-12163	186	1	international	international	ADJ
fbem-12163	186	2	finance	finance	NOUN
fbem-12163	186	3	research	research	NOUN
fbem-12163	186	4	,	,	PUNCT
fbem-12163	186	5	2019	2019	NUM
fbem-12163	186	6	(	(	PUNCT
fbem-12163	186	7	12	12	NUM
fbem-12163	186	8	):	):	PUNCT
fbem-12163	186	9	23	23	NUM
fbem-12163	186	10	-	-	SYM
fbem-12163	186	11	32	32	NUM
fbem-12163	186	12	.	.	PUNCT
fbem-12163	187	1	[	[	X
fbem-12163	187	2	12	12	NUM
fbem-12163	187	3	]	]	X
fbem-12163	187	4	taylor	taylor	PROPN
fbem-12163	187	5	a	a	PROPN
fbem-12163	187	6	m	m	PROPN
fbem-12163	187	7	,	,	PUNCT
fbem-12163	187	8	taylor	taylor	PROPN
fbem-12163	187	9	m	m	PROPN
fbem-12163	187	10	p.	p.	NOUN
fbem-12163	187	11	the	the	DET
fbem-12163	187	12	purchasing	purchase	VERB
fbem-12163	187	13	power	power	NOUN
fbem-12163	187	14	parity	parity	NOUN
fbem-12163	187	15	debate[j	debate[j	NOUN
fbem-12163	187	16	]	]	PUNCT
fbem-12163	187	17	.	.	PUNCT
fbem-12163	188	1	journal	journal	PROPN
fbem-12163	188	2	of	of	ADP
fbem-12163	188	3	economic	economic	ADJ
fbem-12163	188	4	perspective,2004,18	perspective,2004,18	PROPN
fbem-12163	188	5	(	(	PUNCT
fbem-12163	188	6	4):135158	4):135158	NOUN
fbem-12163	188	7	.	.	PUNCT
fbem-12163	189	1	[	[	X
fbem-12163	189	2	13	13	NUM
fbem-12163	189	3	]	]	SYM
fbem-12163	189	4	yang	yang	PROPN
fbem-12163	189	5	changjiang	changjiang	PROPN
fbem-12163	189	6	,	,	PUNCT
fbem-12163	189	7	huangfu	huangfu	PROPN
fbem-12163	189	8	bingchao	bingchao	PROPN
fbem-12163	189	9	.	.	PUNCT
fbem-12163	190	1	real	real	ADJ
fbem-12163	190	2	exchange	exchange	NOUN
fbem-12163	190	3	rate	rate	NOUN
fbem-12163	190	4	and	and	CCONJ
fbem-12163	190	5	population	population	NOUN
fbem-12163	190	6	age	age	NOUN
fbem-12163	190	7	structure	structure	NOUN
fbem-12163	190	8	of	of	ADP
fbem-12163	190	9	rmb	rmb	PROPN
fbem-12163	191	1	[	[	X
fbem-12163	191	2	j	j	X
fbem-12163	191	3	]	]	X
fbem-12163	191	4	.	.	PUNCT
fbem-12163	192	1	financial	financial	ADJ
fbem-12163	192	2	research	research	NOUN
fbem-12163	192	3	,	,	PUNCT
fbem-12163	192	4	2010	2010	NUM
fbem-12163	192	5	(	(	PUNCT
fbem-12163	192	6	2	2	NUM
fbem-12163	192	7	):	):	PUNCT
fbem-12163	192	8	52	52	NUM
fbem-12163	192	9	-	-	SYM
fbem-12163	192	10	67	67	NUM
fbem-12163	192	11	.	.	PUNCT
fbem-12163	193	1	[	[	X
fbem-12163	193	2	14	14	NUM
fbem-12163	193	3	]	]	PUNCT
fbem-12163	193	4	fatas	fata	NOUN
fbem-12163	193	5	a	a	PRON
fbem-12163	193	6	,	,	PUNCT
fbem-12163	193	7	mihov	mihov	PROPN
fbem-12163	193	8	i.	i.	NOUN
fbem-12163	193	9	policy	policy	PROPN
fbem-12163	193	10	volatility	volatility	NOUN
fbem-12163	193	11	,	,	PUNCT
fbem-12163	193	12	institutions	institution	NOUN
fbem-12163	193	13	and	and	CCONJ
fbem-12163	193	14	economic	economic	ADJ
fbem-12163	193	15	growth[j	growth[j	NOUN
fbem-12163	193	16	]	]	PUNCT
fbem-12163	193	17	.	.	PUNCT
fbem-12163	194	1	review	review	NOUN
fbem-12163	194	2	of	of	ADP
fbem-12163	194	3	economics	economic	NOUN
fbem-12163	194	4	and	and	CCONJ
fbem-12163	194	5	statistics,2013,95	statistics,2013,95	NOUN
fbem-12163	194	6	(	(	PUNCT
fbem-12163	194	7	2):362	2):362	NUM
fbem-12163	194	8	-	-	SYM
fbem-12163	194	9	376	376	NUM
fbem-12163	194	10	.	.	PUNCT
fbem-12163	195	1	[	[	X
fbem-12163	195	2	15	15	NUM
fbem-12163	195	3	]	]	X
fbem-12163	195	4	cao	cao	PROPN
fbem-12163	195	5	wei	wei	PROPN
fbem-12163	195	6	,	,	PUNCT
fbem-12163	195	7	wan	wan	PROPN
fbem-12163	195	8	spy	spy	NOUN
fbem-12163	195	9	,	,	PUNCT
fbem-12163	195	10	jin	jin	PROPN
fbem-12163	195	11	zhaohui	zhaohui	PROPN
fbem-12163	195	12	,	,	PUNCT
fbem-12163	195	13	money	money	NOUN
fbem-12163	195	14	and	and	CCONJ
fbem-12163	195	15	soil	soil	NOUN
fbem-12163	195	16	.	.	PUNCT
fbem-12163	196	1	study	study	NOUN
fbem-12163	196	2	on	on	ADP
fbem-12163	196	3	the	the	DET
fbem-12163	196	4	import	import	NOUN
fbem-12163	196	5	price	price	NOUN
fbem-12163	196	6	transfer	transfer	NOUN
fbem-12163	196	7	effect	effect	NOUN
fbem-12163	196	8	of	of	ADP
fbem-12163	196	9	rmb	rmb	PROPN
fbem-12163	196	10	exchange	exchange	NOUN
fbem-12163	196	11	rate	rate	NOUN
fbem-12163	196	12	movements	movement	NOUN
fbem-12163	196	13	under	under	ADP
fbem-12163	196	14	the	the	DET
fbem-12163	196	15	background	background	NOUN
fbem-12163	196	16	of	of	ADP
fbem-12163	196	17	"	"	PUNCT
fbem-12163	196	18	belt	belt	NOUN
fbem-12163	196	19	and	and	CCONJ
fbem-12163	196	20	road	road	NOUN
fbem-12163	196	21	"	"	PUNCT
fbem-12163	197	1	[	[	X
fbem-12163	197	2	j	j	X
fbem-12163	197	3	]	]	X
fbem-12163	197	4	.	.	PUNCT
fbem-12163	198	1	economic	economic	ADJ
fbem-12163	198	2	research	research	NOUN
fbem-12163	198	3	,	,	PUNCT
fbem-12163	198	4	2019	2019	NUM
fbem-12163	198	5	(	(	PUNCT
fbem-12163	198	6	6	6	NUM
fbem-12163	198	7	):	):	PUNCT
fbem-12163	198	8	136	136	NUM
fbem-12163	198	9	-	-	SYM
fbem-12163	198	10	150	150	NUM
fbem-12163	198	11	.	.	PUNCT